Document:

exv10w9

Exhibit 10.9

      

FOSTER WHEELER LLC

FOSTER WHEELER INC.

FOSTER WHEELER USA CORPORATION

FOSTER WHEELER NORTH AMERICA CORP.

FOSTER WHEELER ENERGY CORPORATION

FOSTER WHEELER INTERNATIONAL CORPORATION

as Borrowers

 

AMENDED AND RESTATED

CREDIT AGREEMENT

Dated as of July 30, 2010

 

BNP PARIBAS

as Administrative Agent

and

BNP PARIBAS SECURITIES CORP.

as Sole Bookrunner and Sole Lead Arranger

and

HSBC BANK USA, NATIONAL ASSOCIATION,

WELLS FARGO BANK, N.A.,

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, and

NATIXIS

as Syndication Agents

 

$450,000,000

 

      

 

 

TABLE OF CONTENTS

	 	 	 	 	 

	 
	 	 	Page	 
	ARTICLE I
	 	 	 	 
	 
	 	 	 	 
	DEFINITIONS
	 	 	 	 
	 
	 	 	 	 
	SECTION 1.01. Defined Terms
	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings 
	 	 	28	 
	SECTION 1.03. Terms Generally 
	 	 	28	 
	SECTION 1.04. Accounting Terms; GAAP 
	 	 	29	 
	SECTION 1.05. Currencies; Currency Equivalents
	 	 	29	 
	 
	 	 	 	 
	ARTICLE II
	 	 	 	 
	 
	 	 	 	 
	LOAN COMMITMENTS
	 	 	 	 
	 
	 	 	 	 
	SECTION 2.01. Revolving Credit Commitments 
	 	 	30	 
	SECTION 2.02. Loans and Borrowings 
	 	 	31	 
	SECTION 2.03. Requests for Borrowings 
	 	 	32	 
	SECTION 2.04. Swingline Loans 
	 	 	33	 
	SECTION 2.05. Letters of Credit 
	 	 	34	 
	SECTION 2.06. Funding of Revolving Credit and Incremental Loan Borrowings 
	 	 	39	 
	SECTION 2.07. Interest Elections 
	 	 	40	 
	SECTION 2.08. Termination, Reduction and Increase of Revolving Credit Commitments 
	 	 	41	 
	SECTION 2.09. Repayment of Loans; Evidence of Debt 
	 	 	44	 
	SECTION 2.10. Prepayment of Loans 
	 	 	45	 
	SECTION 2.11. Fees 
	 	 	49	 
	SECTION 2.12. Interest 
	 	 	51	 
	SECTION 2.13. Alternate Rate of Interest 
	 	 	51	 
	SECTION 2.14. Increased Costs 
	 	 	52	 
	SECTION 2.15. Break Funding Payments 
	 	 	53	 
	SECTION 2.16. Insufficient Funds; Ratable Treatment; Sharing of Payments 
	 	 	54	 
	SECTION 2.17. Replacement of Lenders 
	 	 	55	 
	SECTION 2.18. Defeasance of Letters of Credit
	 	 	56	 
	 
	 	 	 	 
	ARTICLE III
	 	 	 	 
	 
	 	 	 	 
	DEFAULTING LENDERS
	 	 	 	 
	 
	 	 	 	 
	ARTICLE IV
	 	 	 	 
	 
	 	 	 	 
	GUARANTEE BY GUARANTORS
	 	 	 	 
	 
	 	 	 	 
	SECTION 4.01. The Guarantee 
	 	 	59	 
	SECTION 4.02. Obligations Unconditional 
	 	 	59	 

(i)

 

	 	 	 	 	 

	 
	 	 	Page	 
	SECTION 4.03. Reinstatement 
	 	 	60	 
	SECTION 4.04. Subrogation 
	 	 	61	 
	SECTION 4.05. Remedies 
	 	 	61	 
	SECTION 4.06. Instrument for the Payment of Money 
	 	 	61	 
	SECTION 4.07. Continuing Guarantee 
	 	 	61	 
	SECTION 4.08. Rights of Contribution 
	 	 	61	 
	SECTION 4.09. Limitation on Guarantee Obligations 
	 	 	62	 
	SECTION 4.10. Parallel Debt 
	 	 	63	 
	 
	 	 	 	 
	ARTICLE V
	 	 	 	 
	 
	 	 	 	 
	REPRESENTATIONS AND WARRANTIES
	 	 	 	 
	 
	 	 	 	 
	SECTION 5.01. Organization; Powers 
	 	 	64	 
	SECTION 5.02. Authorization; Enforceability 
	 	 	65	 
	SECTION 5.03. Governmental Approvals; No Conflicts 
	 	 	65	 
	SECTION 5.04. Financial Condition; No Material Adverse Change 
	 	 	65	 
	SECTION 5.05. Properties 
	 	 	66	 
	SECTION 5.06. Litigation and Environmental Matters 
	 	 	66	 
	SECTION 5.07. Compliance with Laws and Agreements 
	 	 	66	 
	SECTION 5.08. Investment Company Status 
	 	 	67	 
	SECTION 5.09. Taxes 
	 	 	67	 
	SECTION 5.10. ERISA 
	 	 	67	 
	SECTION 5.11. Disclosure 
	 	 	67	 
	SECTION 5.12. Labor Matters 
	 	 	67	 
	SECTION
5.13. Subsidiaries, Etc. 
	 	 	68	 
	SECTION 5.14. Perfection and Priority of Liens 
	 	 	68	 
	SECTION 5.15. Real Property 
	 	 	68	 
	SECTION 5.16. Margin Stock 
	 	 	68	 
	SECTION 5.17. Commercial Activity; Absence of Immunity
	 	 	68	 
	 
	 	 	 	 
	ARTICLE VI
	 	 	 	 
	 
	 	 	 	 
	CONDITIONS
	 	 	 	 
	 
	 	 	 	 
	SECTION 6.01. Effectiveness 
	 	 	69	 
	SECTION 6.02. Each Extension of Credit 
	 	 	72	 
	 
	 	 	 	 
	ARTICLE VII
	 	 	 	 
	 
	 	 	 	 
	AFFIRMATIVE COVENANTS
	 	 	 	 
	 
	 	 	 	 
	SECTION 7.01. Financial Statements and Other Information 
	 	 	72	 
	SECTION 7.02. Notices of Material Events 
	 	 	74	 
	SECTION 7.03. Existence; Conduct of Business 
	 	 	75	 
	SECTION 7.04. Payment of Obligations 
	 	 	75	 
	SECTION 7.05. Maintenance of Properties; Insurance 
	 	 	75	 
	SECTION 7.06. Books and Records; Inspection Rights 
	 	 	75	 
	SECTION 7.07. Governmental Approvals 
	 	 	76	 

(ii)

 

	 	 	 	 	 

	 
	 	 	Page	 
	SECTION 7.08. Compliance with Laws 
	 	 	76	 
	SECTION 7.09. Use of Proceeds
	 	 	76	 
	SECTION 7.10. Certain Obligations Respecting Subsidiaries and Collateral Security 
	 	 	76	 
	 
	 	 	 	 
	ARTICLE VIII
	 	 	 	 
	 
	 	 	 	 
	NEGATIVE COVENANTS
	 	 	 	 
	 
	 	 	 	 
	SECTION 8.01. Indebtedness 
	 	 	79	 
	SECTION 8.02. Liens 
	 	 	81	 
	SECTION 8.03. Sale and Leaseback Transactions 
	 	 	82	 
	SECTION 8.04. Fundamental Changes 
	 	 	83	 
	SECTION 8.05. Investments, Loans, Advances, Guarantees and Acquisitions; Hedging Agreements 
	 	 	84	 
	SECTION 8.06. Restricted Payments 
	 	 	87	 
	SECTION 8.07. Transactions with Affiliates 
	 	 	88	 
	SECTION 8.08. Restrictive Agreements 
	 	 	88	 
	SECTION 8.09. Certain Financial Covenants 
	 	 	89	 
	SECTION 8.10. Lines of Business 
	 	 	89	 
	SECTION 8.11. Changes to Fiscal Year 
	 	 	89	 
	SECTION 8.12. Parent, FWL and Holdco 
	 	 	90	 
	 
	 	 	 	 
	ARTICLE IX
	 	 	 	 
	 
	 	 	 	 
	EVENTS OF DEFAULT
	 	 	 	 
	 
	 	 	 	 
	ARTICLE X
	 	 	 	 
	 
	 	 	 	 
	THE ADMINISTRATIVE AGENT
	 	 	 	 
	 
	 	 	 	 
	ARTICLE XI
	 	 	 	 
	 
	 	 	 	 
	MISCELLANEOUS
	 	 	 	 
	 
	 	 	 	 
	SECTION 11.01. Notices 
	 	 	95	 
	SECTION 11.02. Waivers; Amendments 
	 	 	96	 
	SECTION 11.03. Expenses; Indemnity; Damage Waiver 
	 	 	99	 
	SECTION 11.04. Taxes 
	 	 	100	 
	SECTION 11.05. Payments; Currency 
	 	 	102	 
	SECTION 11.06. Mitigation Obligations 
	 	 	103	 
	SECTION 11.07. Reallocation of Exposures 
	 	 	103	 
	SECTION 11.08. Successors and Assigns 
	 	 	105	 
	SECTION 11.09. Survival 
	 	 	108	 
	SECTION 11.10. Counterparts; Integration; Effectiveness
	 	 	109	 
	SECTION 11.11. Severability 
	 	 	109	 
	SECTION 11.12. Right of Setoff 
	 	 	109	 

(iii)

 

	 	 	 	 	 

	 
	 	 	Page	 
	SECTION 11.13. Governing Law; Jurisdiction; Consent to Service of Process 
	 	 	110	 
	SECTION 11.14. WAIVER OF JURY TRIAL 
	 	 	111	 
	SECTION 11.15. Judgment Currency
	 	 	111	 
	SECTION 11.16. No Immunity
	 	 	112	 
	SECTION 11.17. Treatment of Certain Information; Confidentiality 
	 	 	112	 
	SECTION 11.18. Headings 
	 	 	113	 
	SECTION 11.19. USA PATRIOT Act 
	 	 	113	 
	SECTION 11.20. Effect of Amendment and Restatement of the Existing Credit Agreement 
	 	 	113	 
	 
	 	 	 	 
	SCHEDULES:
	 	 	 	 
	 
	 	 	 	 
	Schedule 1.01 —  Performance Letters of Credit
	 	 	 	 
	Schedule 5.13 —  Subsidiaries
	 	 	 	 
	Schedule 6.01 —  Security Documents
	 	 	 	 
	Schedule 8.01 —  Existing Indebtedness
	 	 	 	 
	Schedule 8.02 —  Existing Liens
	 	 	 	 
	Schedule 8.05 —  Existing Investments
	 	 	 	 
	Schedule 8.07 —  Certain Existing Affiliate Transactions
	 	 	 	 
	Schedule 8.08 —  Existing Restrictions
	 	 	 	 
	 
	 	 	 	 
	EXHIBITS:
	 	 	 	 
	 
	 	 	 	 
	Exhibit A  —  Form of Assignment and Assumption
	 	 	 	 
	Exhibit B-1 —  Form of Opinion of Counsel to the Obligors
	 	 	 	 
	Exhibit B-2 —  Form of Opinion of Deputy General Counsel
	 	 	 	 
	Exhibit C  —  Form of Opinion of Special Counsel
	 	 	 	 
	Exhibit D  —  Form of Amended and Restated Security Agreement
	 	 	 	 
	Exhibit E  —  Form of Joinder Agreement
	 	 	 	 
	Exhibit F  —  Form of Lender Addendum
	 	 	 	 
	Exhibit G  —  Form of Solvency Certificate
	 	 	 	 
	Exhibit H  —  Form of Notice Designating Existing Letters of Credit
	 	 	 	 

(iv)

 

          AMENDED AND RESTATED CREDIT AGREEMENT dated as of July 30, 2010, between FOSTER WHEELER
LLC (the “Company”), FOSTER WHEELER INC., FOSTER WHEELER USA CORPORATION, FOSTER WHEELER
NORTH AMERICA CORP., FOSTER WHEELER ENERGY CORPORATION and FOSTER WHEELER INTERNATIONAL CORPORATION
(each a “Borrower” and, collectively, the “Borrowers”), FOSTER WHEELER AG (the
“Parent”), FOSTER WHEELER LTD. (“FWL”), FOSTER WHEELER HOLDINGS LTD.
(“Holdco”), the SUBSIDIARY GUARANTORS (as defined below), the Lenders referred to herein,
and BNP PARIBAS, as administrative agent for such Lenders (in such capacity, the
“Administrative Agent”).

          WHEREAS, the Borrowers, the Parent, FWL, Holdco, BNP Paribas, as administrative agent, and
certain other parties entered into a Credit Agreement dated as of September 13, 2006 (as heretofore
amended, modified, supplemented and in effect immediately before giving effect to the amendment and
restatement thereof contemplated hereby, the “Existing Credit Agreement”);

          WHEREAS, the Revolving Letters of Credit (as defined in the Existing Credit Agreement) and the
Synthetic Letters of Credit (as so defined) have been defeased under Sections 2.18 and
3.18, respectively, of the Existing Credit Agreement;

          WHEREAS, the Borrowers have requested the amendment and restatement of the Existing Credit
Agreement as set forth below; and

          WHEREAS, BNP Paribas constitutes the “Required Lenders” under and as defined in the Existing
Credit Agreement and each affected “Lender” for purposes of Section 11.02 of the Existing Credit
Agreement and has consented to such amendment and restatement of the Existing Credit Agreement, and
(by reason of the defeasance referred to in the preceding paragraph) the consents of the other
“Lenders” under and as defined in the Existing Credit Agreement are not required for such amendment
and restatement of the Existing Credit Agreement;

          NOW, THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto
hereby agree that the Existing Credit Agreement shall, upon the satisfaction of the conditions
precedent specified in Section 6.01, but effective as of the Restatement Effective Date, be
amended and restated to read as follows:

ARTICLE I

DEFINITIONS

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

          “ABR” means, when used in reference to any Loan or Borrowing, that such Loan, or the
Loans constituting such Borrowing, are bearing interest at a rate determined by reference to the
Alternate Base Rate.

 

 

          “Acquisition” means any transaction, or any series of related transactions,
consummated after the date hereof, by which (i) the Parent and/or any of its Subsidiaries acquires
from any Person other than a Group Member the business of, or all or substantially all of the
assets of, any firm, corporation or other Person, or division thereof, whether through purchase of
assets, purchase of Equity Interests, merger, consolidation, amalgamation or otherwise or (ii) any
Person that was not theretofore a Subsidiary of the Parent becomes a Subsidiary of the Parent.

          “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to
(a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve
Rate.

          “Administrative Agent” has the meaning assigned to such term in the recital of parties
hereto.

          “Administrative Agent’s Account” means, for each Currency, an account in respect of
such Currency designated by the Administrative Agent in a notice to the Borrowers and the Lenders.

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

          “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified. Notwithstanding the foregoing, (a) no individual shall be an
Affiliate of the Parent or any of its Subsidiaries solely by reason of his or her being a director,
officer or employee of the Parent or any of its Subsidiaries and (b) none of the Group Members
shall be Affiliates of each other.

          “Agreed Foreign Currency” means, in respect of any Letter of Credit requested to be
issued by an Issuing Lender, Euros, Sterling, Canadian Dollars and any other Foreign Currency
approved by such Issuing Lender (each of whom agrees not to withhold such approval unreasonably)
but only if at such time (a) such Foreign Currency is freely transferable and convertible into
Dollars in the London foreign exchange market and (b) no central bank or other governmental
authorization in the country of issue of such Foreign Currency (including, in the case of Euros,
any authorization by the European Central Bank) is required to permit use of such Foreign Currency
by any Lender for issuing any Letter of Credit or participating in any LC Exposure hereunder,
unless such authorization has been obtained and is in full force and effect.

          “Agreement” means this Credit Agreement, as it may be renewed, extended, amended,
restated, or modified and in effect from time to time.

          “Alternate Base Rate” means, for any day, a rate per annum equal to the greater of (a)
the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate for such day
plus 1/2 of 1% and (c) the LIBO Rate for a one-month Interest Period commencing on the second
Business Day after such date plus 1%. Any change in the Alternate Base Rate due to a
change in the Prime Rate, the Federal Funds Effective Rate or the LIBO Rate shall be effective from
and

- 2 -

 

including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate
or the LIBO Rate, as the case may be.

          “Applicable Margin” means (a) (i) with respect to any ABR Loan, 1.250% per annum, (ii)
with respect to any Eurodollar Loan, 2.250% per annum, (iii) with respect to any Letter of Credit
(other than Performance Letters of Credit), 2.250% per annum, (iv) with respect to any Performance
Letter of Credit, 1.125% per annum and (v) with respect to the Commitment Fee, 0.375% per annum,
provided that from and after each Adjustment Date (as defined below) occurring after the
Restatement Effective Date and through but excluding each Adjustment Date thereafter, the
Applicable Margins will be the respective rates indicated below based upon the Ratings (as defined
below) by S&P and Moody’s and (b) for any Type of Incremental Loans of any Series, such rates of
interest as shall be agreed upon at the time Incremental Loan Commitments of such Series are
established:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Rating	 	 	 	 	 	 	 	 	 	Non-Performance	 	Performance Letters	 	 	 
	S&P/Moody’s	 	ABR Loans	 	Eurodollar Loans	 	Letters of Credit	 	of Credit	 	Commitment Fee
	≥BBB / Baa2
	 	 	0.750	%	 	 	1.750	%	 	 	1.750	%	 	 	0.875	%	 	 	0.250	%
	BBB- / Baa3
	 	 	1.000	%	 	 	2.000	%	 	 	2.000	%	 	 	1.000	%	 	 	0.300	%
	BB+ / Ba1
	 	 	1.250	%	 	 	2.250	%	 	 	2.250	%	 	 	1.125	%	 	 	0.375	%
	≤BB / Ba2
	 	 	1.500	%	 	 	2.500	%	 	 	2.500	%	 	 	1.250	%	 	 	0.500	%

          For purposes of the foregoing, (i) if either S&P or Moody’s shall not have in effect a Rating
due to the Company’s failure to pay such fees, provide such information or undertake such other
action as may be requested by either S&P or Moody’s in connection with the effectuation or
continuation of such Rating, then the Applicable Margins shall be determined by reference to the
Total Leverage Ratio, such that Applicable Margins shall be set as if the Ratings were BB+/Ba1 when
the Total Leverage Ratio is less than or equal to 1.50 to 1, and as if the Ratings were BB/Ba2 at
all other times; (ii) if the Ratings established by S&P and Moody’s shall fall within different
categories in the schedule above, the Applicable Margins shall be based on the higher of the two
Ratings (except that if such ratings differ by more than one category, the Applicable Margins shall
be based on the Rating one level below the higher rating); and (iii) if the Rating established by
S&P or Moody’s shall be changed (other than as a result of a change in the rating system of S&P or
Moody’s), such change shall be effective as of the date on which it is first announced by the
applicable rating agency (each such date, an “Adjustment Date”). Each change in the
Applicable Margins shall apply during the period commencing on the effective
date of such change and ending on the date immediately preceding the effective date of the
next such change. If the rating system of S&P or Moody’s shall change, or if either S&P or Moody’s
shall not have in effect a Rating (other than by reason of the circumstances set out in clause (i)

- 3 -

 

above) or either of such rating agencies shall cease to be in the business of issuing a Rating, the
Company (on its own behalf and on behalf of each other Borrower) and (x) the Required Revolving
Credit Lenders (in the case of Revolving Credit Borrowings) or (y) the Required Incremental Lenders
for the relevant Series (in the case of Incremental Borrowings) shall negotiate in good faith to
amend this definition to reflect such changed rating system or the unavailability of a Rating from
such rating agency (and, notwithstanding anything to the contrary in Section 11.02, such
amendment shall be effective when executed and delivered by the Company and the Required Revolving
Credit Lenders or by the Company and the Required Incremental Lenders for the relevant Series, as
the case may be, or by the Company and the Administrative Agent with the consent of the Required
Revolving Credit Lenders or with the consent of the Required Incremental Lenders for the relevant
Series, as the case may be) and, pending the effectiveness of any such amendment, the Applicable
Margins shall be determined by reference to the Ratings most recently in effect prior to such
change or cessation. For purposes of clause (i) hereof, the Total Leverage Ratio shall be
determined as of the end of each fiscal quarter of the Parent’s fiscal year based upon the Parent’s
consolidated financial statements delivered pursuant to Section 7.01(a) or (b) and
any change in the Applicable Margins resulting from a change in the Total Leverage Ratio shall be
effective during the period commencing on and including the date three Business Days after delivery
to the Administrative Agent of such consolidated financial statements indicating any such change
(or, in the case of the initial determination of the Applicable Margins based upon the Total
Leverage Ratio, immediately upon S&P or Moody’s not having in effect a Rating by reason of
circumstances set out in clause (i) of the first sentence of this paragraph) and ending on the date
immediately preceding the effective date of any next such change; provided that the Total
Leverage Ratio shall be deemed to be greater than 1.50 to 1 if the Parent fails to deliver such
consolidated financial statements within the period specified pursuant to Section 7.01(a)
or (b), during the period from the expiration of the time for delivery thereof until such
consolidated financial statements are delivered.

          “Applicable Percentage” means (a) with respect to any Lender for purposes of
Section 2.04 or 2.05, or in respect of any indemnity claim under Section
11.03(c) arising out of an action or omission of an Issuing Lender under this Agreement, the
percentage of the total Commitments represented by such Lender’s Commitment, (b) with respect to
any Lender in respect of any indemnity claim under Section 11.03(c) relating to the
Administrative Agent under this Agreement, the percentage of the total Commitments represented by
such Lender’s Commitments or, if greater, the percentage of the Revolving Credit Exposure and
Incremental Loan Exposure of all Series represented by the aggregate amount of such Lender’s
Revolving Credit Exposure and Incremental Loan Exposure of all Series (as applicable) hereunder and
(c) with respect to any Lender with respect to the participations to be purchased pursuant to
Section 11.07, the percentage of the total Revolving Credit Exposure and Incremental Loan
Exposure of all Series represented by the aggregate amount of such Lender’s Revolving Credit
Exposure and Incremental Loan Exposure of all Series (as applicable); provided that when a
Defaulting Lender shall exist, “Applicable Percentage” of any non-Defaulting Lender shall mean the
percentage of the relevant Commitments, Revolving Credit Exposure and Incremental Exposure of the
relevant Series, as applicable, disregarding any such Defaulting Lender’s relevant Commitment,
Revolving Credit Exposure and Incremental Exposure of the relevant Series, as applicable,
represented by such non-Defaulting Lender’s relevant Commitments, Revolving Credit Exposure and
Incremental Exposure of the relevant Series. If the

- 4 -

 

Commitments have terminated or expired, the
“Applicable Percentages” shall be determined based upon the Commitments most recently in effect,
giving effect to any assignments and to any Lender’s status as a Defaulting Lender at the time of
determination.

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

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

          “Assuming Lender” has the meaning assigned to such term in Section 2.08(e)(i).

          “Bank Parent” means, with respect to any Lender, any Person of which such Lender is,
directly or indirectly, a Subsidiary.

          “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject
of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
administrator, custodian, assignee for the benefit of creditors or similar Person charged with the
reorganization or liquidation of its business appointed for it, or, in the good faith determination
of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to,
approval of, or acquiescence in, any such proceeding or appointment.

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

          “BNP Paribas” means BNP Paribas, a banking institution organized under the laws of the
Republic of France.

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

          “Borrower” and “Borrowers” have the meanings assigned to such terms in the
recital of parties hereto.

          “Borrowing” means (a) all Syndicated ABR Loans of the same Class made, converted or
continued on the same date, (b) all Eurodollar Loans of the same Class that have the same Interest
Period or (c) a Swingline Loan.

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

- 5 -

 

          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to remain closed, and if such
day relates to a borrowing of, a payment or prepayment of principal of or interest on, a
continuation or conversion of or into, or the Interest Period for, a Eurodollar Borrowing, or to a
notice by a Borrower with respect to any such borrowing, payment, prepayment, continuation,
conversion, or Interest Period, that is also a day on which dealings in Dollar deposits are carried
out in the London interbank market.

          “Canadian Dollar” or “C$” refers to the lawful currency of Canada.

          “Capital Expenditures” means, for any period, the sum for the Group Members
(determined on a consolidated basis without duplication in accordance with GAAP) of the aggregate
amount of expenditures (excluding expenditures financed as Capital Lease Obligations or with
purchase money financing) made to acquire or construct tangible fixed assets, plant and equipment
(including renewals, improvements and replacements, but excluding repairs and maintenance costs)
during such period computed in accordance with GAAP; provided that such term shall not
include any such expenditures in connection with any Acquisition or any replacement or repair of
property affected by a Casualty Event.

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

          “Cash Equivalents” means investments of the types described in clauses (a) through (f)
of the definition of “Permitted Investments” in this Section 1.01.

          “Cash Management Obligations” means all obligations owing by Obligors and Restricted
Subsidiaries to Eligible Cash Managers in respect of purchasing cards, treasury management
arrangements, depositary or other cash management services.

          “Casualty Event” means, with respect to any property of any Person, any loss of or
damage to, or any condemnation or other taking of, such property for which such Person or any of
its Subsidiaries receives insurance proceeds, or proceeds of a condemnation award or other
compensation, but excluding any such event relating to property having an aggregate fair market
value (as to the Group Members) exceeding neither $2,500,000 with respect to any event or series of
related events nor $5,000,000 during any single fiscal year.

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or Issuing Lender (or, for purposes of Section 2.15(b) by any
lending office of such Lender or by such Lender’s or such Issuing Lender’s holding company, if any)
with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement.

- 6 -

 

          “Change of Control” means the occurrence of any one or more of the following events:

     (i) (A) If neither FWL nor Holdco have been dissolved pursuant to Section
8.04(h), (x) the Parent shall cease to own, directly or indirectly, beneficially or of
record, 100% of the economic interests and voting power in the Equity Interests of FWL, (y)
FWL shall cease to own, directly or indirectly, beneficially or of record, 100% of the
economic interests and voting power in the Equity Interests of Holdco, or (z) Holdco shall
cease to own, directly or indirectly, beneficially or of record, 100% of the economic
interests and voting power in the Equity Interests of the Company. (B) If both FWL and
Holdco have been dissolved pursuant to Section 8.04(h), the Parent shall cease to
own, directly or indirectly, beneficially or of record, 100% of the economic interests and
voting power in the Equity Interests of the Company. (C) If FWL has been dissolved pursuant
to Section 8.04(h) but Holdco has not been dissolved pursuant to Section
8.04(h), (x) the Parent shall cease to own, directly or indirectly, beneficially or of
record, 100% of the economic interests and voting power in the Equity Interests of Holdco,
or (y) Holdco shall cease to own, directly or indirectly, beneficially or of record, 100% of
the economic interests and voting power in the Equity Interests of the Company. (D) If
Holdco has been dissolved pursuant to Section 8.04(h) but FWL has not been dissolved
pursuant to Section 8.04(h), (x) the Parent shall cease to own, directly or
indirectly, beneficially or of record, 100% of the economic interests and voting power in
the Equity Interests of FWL, or (y) FWL shall cease to own, directly or indirectly,
beneficially or of record, 100% of the economic interests and voting power in the Equity
Interests of the Company;

     (ii) any Person or group (within the meaning of the Exchange Act and the rules of the
Securities and Exchange Commission thereunder as in effect on the date hereof), shall
become, directly or indirectly, the beneficial owner of Equity Interests representing more
than 35% of the ordinary voting power represented by the issued and outstanding voting
Equity Interests of the Parent; or

     (iii) a majority of the incumbent directors of the Parent is at any time not comprised
of Persons who were either (x) directors of FWL on the Restatement Effective Date or (y) new
directors (such Persons being herein called “New Members”) appointed or nominated
for election by one or more Persons who were members of the board of directors of FWL on the
Restatement Effective Date or who were appointed or nominated by one or more such New
Members whether or not they were members on the Restatement Effective Date.

          “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan
or the Loans comprising such Borrowing are Syndicated Revolving Credit Loans or Borrowings,
Incremental Loans or Borrowings of the same Series or Swingline Loans or Borrowings, and when used
in reference to any Commitment, refers to whether the Loans that a
Lender holding such Commitment is obligated to make are Revolving Credit Loans or Incremental
Loans of a particular Series.

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

- 7 -

 

          “Collateral” means all property of any Obligor subject to any Lien created pursuant to
the Security Documents.

          “Commitment Fee” has the meaning assigned to such term in Section 2.11(a).

          “Commitment Increase” has the meaning assigned to such term in Section
2.08(e)(i).

          “Commitment Increase Date” has the meaning assigned to such term in Section
2.08(e)(i).

          “Commitment Termination Date” means the fourth anniversary of the Restatement
Effective Date, provided that, if such day is not a Business Day, then the “Commitment
Termination Date” shall be the next following Business Day.

          “Commitments” means the Revolving Credit Commitments and Incremental Loan Commitments.

          “Company” has the meaning assigned to such term in the recital of parties hereto.

          “Confidential Information Memorandum” means the Confidential Information Memorandum
dated June, 2010 with respect to the syndication of the credit facilities provided for in this
Agreement.

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

          “Credit Parties” means the Administrative Agent, the Issuing Lenders, the Swingline
Lender and the other Lenders.

          “Currency” means Dollars or any Foreign Currency.

          “Customer Contract” has the meaning assigned to such term in Section 8.02(m).

          “Debt Service” means, for any period, the sum, for the Group Members (determined on a
consolidated basis without duplication in accordance with GAAP), of the following: (a) all
regularly scheduled payments or prepayments of principal of Indebtedness (including the principal
component of any payments in respect of Capital Lease Obligations) made during such period
plus (b) all Interest Expense for such period.

          “Default” means any event or condition which constitutes an Event of Default or which
upon the delivery of a notice or lapse of a period of time described or referred to in Article
IX (or both) would, unless cured or waived, become an Event of Default.

          “Defaulting Lender” means any Lender that (a) has failed, within two Business Days of
the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any

- 8 -

 

portion
of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party
any other amount required to be paid by it hereunder, (b) has notified the Company or any Credit
Party in writing, or has made a public statement to the effect, that it does not intend or expect
to comply with any of its funding obligations under this Agreement or generally under other
agreements in which it commits to extend credit, (c) has failed, within three Business Days after
request by a Credit Party, acting in good faith, to provide a certification in writing from an
authorized officer of such Lender that it will comply with its obligations (and is financially able
to meet such obligations) to fund prospective Loans and (if such Lender is a Revolving Credit
Lender) participations in then outstanding Letters of Credit and Swingline Loans under this
Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this
clause (c) upon such Credit Party’s receipt of such certification in form and substance
satisfactory to it and the Administrative Agent, or (d) has, or has a Bank Parent that has, become
the subject of a Bankruptcy Event.

          “Defeased” means, with respect to any Letters of Credit, that cash cover has been
posted, or back-to-back letters of credit have been issued, in respect of such Letters of Credit
for the benefit of the related Issuing Lenders in accordance with Section 2.18.

          “Disclosed Matters” means the matters disclosed in the Form 8-K, 10-K and 10-Q filings
made by the Parent with the Securities and Exchange Commission made after January 1, 2010 and prior
to the date hereof.

          “Disposition” means any sale, assignment, transfer, lease (as lessor) or other
disposition of any property (whether now owned or hereafter acquired) by any Group Member to any
other Person (other than another Group Member) excluding any sale, assignment, transfer, lease (as
lessor) or other disposition of (i) any property sold or disposed of in the ordinary course of
business, (ii) any tangible property that is obsolete or worn-out or no longer used or useful in
the business of the Parent and its Subsidiaries, (iii) any Collateral pursuant to an exercise of
remedies by the Administrative Agent under Section 4.05 thereof, (iv) property of, or
Equity Interests in, any Project Entity, (v) other property having an aggregate fair market value
(as to the Group Members) neither exceeding $2,500,000 with respect to any transaction or series of
related transactions nor exceeding $5,000,000 during any single fiscal year.

          “Disposition Investment” means, with respect to any Disposition, any promissory notes
or other evidences of indebtedness or Investments received by any Group Member in connection with
such Disposition.

          “Disqualified Equity Interests” means any Equity Interest that, by its terms (or by
the terms of any security into which it is convertible, or for which it is exchangeable, in each
case at the option of the holder thereof), or upon the happening of any event, (a) matures or is
mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at
any time before the first anniversary of the Commitment Termination Date at the option of the
holder thereof, in whole or in part, (b) is secured by any assets of any Group Member, (c) is
exchangeable or convertible at the option of the holder into Indebtedness of any Group Member or
(d) provides for the mandatory payment of dividends (other than dividends comprised of Disqualified
Equity Interests), i.e., regardless of whether or not the board of directors has declared
any such dividends. Notwithstanding the preceding sentence, any Equity Interest that

- 9 -

 

would
constitute a Disqualified Equity Interest solely because the holders thereof have the right to
require any Group Member to repurchase such Equity Interest upon the occurrence of a change of
control or an asset sale shall not constitute a Disqualified Equity Interest if the terms of such
Equity Interest provide, in effect, that the Group Members will not be obligated to repurchase or
redeem any such Equity Interest pursuant to such provisions unless such repurchase or redemption is
permitted at the time under this Agreement.

          “Dollar Equivalent” means, on any date of determination, (i) with respect to an amount
denominated in Dollars, such Dollar amount and (ii) with respect to an amount denominated in any
Foreign Currency, the amount of Dollars that would be required to purchase such amount of such
Foreign Currency on such date, based upon the rate appearing on the applicable page of the Reuters
Screen (or on any successor or substitute page of such screen, or any successor to or substitute
for such screen, providing rate quotations comparable to those currently provided on such page of
such screen, as determined by the Administrative Agent from time to time for purposes of) providing
quotations of exchange rates applicable to the sale of such Foreign Currency in the London foreign
exchange market at approximately 11.00 a.m., London Time, for delivery two days later.

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

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

          “Earn-Out Obligation” means any contingent payment obligation of any Group Member
incurred in connection with the Acquisition of an entity, assets or businesses, to the extent such
obligation is payable based on the performance of the entity, assets or businesses so acquired.
The amount of an Earn-Out Obligation shall be the maximum amount that in the good faith
determination of a Financial Officer (taking into account any applicable maximum limits specified
in the agreement or instrument governing such Earn-Out Obligation) could at any time be payable
under such Earn-Out Obligation, provided that if such Earn-Out Obligation is of sufficient
certainty as to be carried as a liability on a balance sheet of the Group Members, then the amount
of such Earn-Out Obligation shall be the amount thereof so carried on such balance sheet.

          “EBITDA” means, for any period, net income for the Group Members (determined on a
consolidated basis without duplication in accordance with GAAP) for such period (calculated before
taxes, interest expense, depreciation, amortization and any other non-cash income or charges
accrued for such period and (except to the extent received or paid in cash by any Group Member)
income or loss attributable to equity in Affiliates for such period), excluding any extraordinary
or unusual gains or losses during such period, and excluding the proceeds of any Casualty Events
and the proceeds of any dispositions other than sales of inventory in the ordinary course of
business; provided that net income for the Group Members
for any period shall exclude income of a Subsidiary that is not a Restricted Subsidiary during
such period except to the extent of cash received during such period by Group Members from such
Subsidiary (whether as dividends, loans or otherwise).

          Notwithstanding the foregoing, if, during any period for which EBITDA is being determined for
purposes of calculating the Total Leverage Ratio, any of the Group Members

- 10 -

 

shall have consummated
any Acquisition or Disposition for aggregate consideration in excess of $10,000,000 then, for
purposes solely of calculating the Total Leverage Ratio, EBITDA shall be determined on a pro forma
basis as if such Acquisition or Disposition had been made or consummated on the first day of such
period (and, in that connection, the Parent shall deliver to the Lenders a calculation setting
forth in reasonable detail the pro forma adjustments to EBITDA for such period as a result of such
Acquisition or Disposition).

          “Eligible Cash Manager” means, in connection with any Cash Management Obligations
owing by a Borrower or a Restricted Subsidiary, a Person that was a Lender or an Affiliate of a
Lender at the time such Cash Management Obligations arose.

          “Eligible Hedging Counterparty” means, in connection with any Hedging Agreement with a
Borrower or a Restricted Subsidiary, a Person that was a Lender or an Affiliate of a Lender at the
time such Hedging Agreement was entered into.

          “EMU Legislation” means legislation enacted by the European Union’s Economic and
Monetary Union.

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

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

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

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

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

- 11 -

 

          “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) 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, (d) the incurrence by the
Parent or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan, (e) the receipt by the Parent or any ERISA Affiliate from the PBGC or a
plan administrator of any notice relating to an intention to terminate any Plan or Plans or to
appoint a trustee to administer any Plan, (f) the incurrence by the Parent or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan, or (g) the receipt by the Parent or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from the Parent or any ERISA Affiliate of any notice, concerning
the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is
expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

          “Euro” or“€” refers to the single currency of the European Union as
constituted by the Treaty on European Union and as referred to in EMU Legislation.

          “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by
reference to the Adjusted LIBO Rate.

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

          “Excess Cash Flow” means, for any period, the excess of (a) EBITDA for such period
over (b) the sum of (i) Capital Expenditures made during such period plus (ii) the
aggregate amount of Debt Service for such period.

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

          “Excluded Assets” means:

     (a) Equity Interests (i) in an Immaterial Subsidiary and (ii) in any Subsidiary that is
not an Obligor that is owned by an Obligor that is a Foreign Subsidiary (excluding Equity
Interests in Holdco, FWL and the Company and excluding also Equity Interests in FW Hungary
Licensing Limited Liability Company or any other Subsidiary to which FW Hungary Licensing
Limited Liability Company shall transfer any material portion of its intellectual property
assets);

     (b) that portion of the voting Equity Interests in a Foreign Subsidiary owned by an
Obligor that is a Domestic Subsidiary exceeding 65% thereof to the extent that a Financial
Officer certifies to the Administrative Agent that the exclusion of such voting Equity
Interest is necessary to avoid adverse tax consequences or a violation of applicable law;

- 12 -

 

     (c) property owned by an Obligor that is a Foreign Subsidiary, other than Equity
Interests that have been issued to such Obligor by a Restricted Subsidiary that is a
Domestic Subsidiary;

     (d) fee interests in real property, including improvements thereon, if the fair market
value thereof, net of Indebtedness secured by Liens thereon, is $3,000,000 or less;

     (e) leasehold interests in real property, including improvements thereon made by the
applicable Obligor, if the fair market value of such improvements, net of Indebtedness
secured by Liens thereon, is $3,000,000 or less;

     (f) property of any Person that is not an Obligor;

     (g) property that is subject to, or acquired to perform or fulfill, a Customer
Contract;

     (h) any lease, license, permit, contract, property right or agreement to which any
Obligor is a party or any of its rights or interests thereunder if and to the extent that
the grant of a Lien therein would constitute or result in either (i) the abandonment,
invalidation or unenforceability of any right, title or interest of any Obligor therein or
(ii) a breach, termination or default under any such lease, license, permit, contract,
property right or agreement (other than to the extent that any such term would be rendered
ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform Commercial Code
of any relevant jurisdiction or any other applicable law or principles of equity),
provided that such lease, license, permit, contract, property right or agreement
shall cease to constitute “Excluded Assets” immediately upon a Lien therein no longer
constituting or resulting in an abandonment, invalidation, unenforceability, breach,
termination or default described above;

     (i) any “intent-to-use” trademark applications prior to the filing and acceptance of a
Statement of Use or Amendment to Allege Use to the extent a security interest therein prior
to such time would result in a violation of the Lanham Act, or an abandonment of any right
of any Grantor in any trademark or application therefor; provided, that such
trademark application shall cease to constitute “Excluded Assets” immediately upon the
filing and acceptance of a Statement of Use or Amendment to Allege Use in connection with
such trademark application;

     (j) any property subject to a purchase money security interest or lease that are not
prohibited under this Agreement so long as the terms thereof would prohibit the grant of a
Lien on such property;

     (k) any deposit accounts exclusively used for payroll, payroll taxes and other employee
wage and benefit payments to or for the benefit of an Obligor’s salaried employees;

     (l) any Equity Interests in Foster Wheeler Bimas Birlesik Insaat ve Muhendislik A.S.
(Turkey), Foster Wheeler International Engineering & Consulting

- 13 -

 

(Shanghai) Company, Foster
Wheeler International Trading (Shanghai) Company Limited, FW Preferred Capital Trust I (DE)
and Foster Wheeler Power Systems S.A.; and

     (m) any general or limited partnership interests in a general or limited partnership if
and to the extent that the grant of a Lien therein would not be permitted under the
applicable organizational instrument pursuant to which such partnership is formed,
provided that such general or limited partnership interest shall cease to constitute
“Excluded Assets” immediately upon a Lien therein no longer being prohibited by such
applicable organizational instrument.

          “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any
Issuing Lender or any other recipient of any payment to be made by or on account of any obligation
of any Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income
by the United States of America, or by the jurisdiction (or any political subdivision thereof)
under the laws of which such recipient is organized or does business (other than a business deemed
to arise solely by reason of the transactions contemplated by this Agreement) or in which its
principal office is located or, in the case of any Lender, in which its applicable lending office
is located, (b) any branch profits taxes imposed by the United States of America or any similar tax
imposed by any other jurisdiction in which such Borrower is located and (c) in the case of a
Foreign Lender (other than an assignee pursuant to a request by a Borrower under Section
2.17), any withholding tax that is imposed on amounts payable to such Foreign Lender at the
time such Foreign Lender becomes a party to this Agreement or is attributable to such Foreign
Lender’s failure or inability (other than as a result of a Change in Law) to comply with
Section 11.04(e), except to the extent that such Foreign Lender (or its assignor, if any)
was entitled, at the time of designation of a new lending office (or assignment), to receive
additional amounts from the Borrowers with respect to such withholding tax pursuant to Section
11.04(a).

          “Existing Credit Agreement” has the meaning assigned to such term in the recitals
hereto.

          “Existing Letter of Credit” has the meaning assigned to such term in Section
2.05(j).

          “Exposures” means, at any time, the sum of the Revolving Credit Exposures and
Incremental Loan Exposures of all Series at such time.

          “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of l%) of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if
such rate is not so published for any day that is a Business Day, the average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such
transactions received by the Administrative Agent from three Federal funds brokers of recognized
standing selected by it.

- 14 -

 

          “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer or controller of the Parent.

          “Foreign Currency” means at any time any Currency other than Dollars.

          “Foreign Currency Equivalent” means, with respect to any amount in Dollars, the amount
of any Foreign Currency that could be purchased with such amount of Dollars using the reciprocal of
the foreign exchange rate(s) specified in the definition of the term “Dollar Equivalent”, as
determined by the Administrative Agent.

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

          “Foreign Subsidiary” means any Subsidiary of the Parent organized in a jurisdiction
other than the United States of America, any State thereof, or the District of Columbia.

          “FWL” has the meaning assigned to such term in the recital of parties hereto.

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

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

          “Group Members” means, collectively, the Parent and the Restricted Subsidiaries.

          “Guarantee” means a guarantee, an endorsement, a contingent agreement to purchase or
to furnish funds for the payment or maintenance of, or otherwise to be or become contingently
liable under or with respect to, the Indebtedness, other obligations, net worth, working capital or
earnings of any Person, or a guarantee of the payment of dividends or other distributions upon the
Equity Interests of any Person, or an agreement to purchase, sell or lease (as lessee or lessor)
property, products, materials, supplies or services primarily for the purpose of enabling a debtor
to make payment of such debtor’s obligations or an agreement to assure a creditor against loss, but
does not include (a) causing a bank or other financial institution to issue a letter of credit or
other similar instrument for the benefit of another Person other than those directly supporting
Indebtedness and (b) endorsements for collection or deposit in the ordinary
course of business. The terms “Guarantee” and “Guaranteed” used as a verb
shall have a correlative meaning.

          “Guaranteed Obligations” means (a) in the case of the Parent, FWL, Holdco and the
Subsidiary Guarantors, the principal of and interest on the Loans made by the Lenders
to the
Borrowers, all LC Disbursements and all other amounts from time to time owing to the Lenders

- 15 -

 

or the
Administrative Agent by the Borrowers hereunder or under any other Loan Document, all Cash
Management Obligations and all obligations of the Borrowers or any Restricted Subsidiary to any
Eligible Hedging Counterparty under any Hedging Agreement, in each case strictly in accordance with
the terms thereof and (b) in the case of each Borrower, the principal of and interest on the Loans
made by the Lenders to the other Borrowers, all LC Disbursements and all other amounts from time to
time owing to the Lenders or the Administrative Agent by the other Borrowers hereunder or under any
other Loan Document, all Cash Management Obligations and all obligations of the other Borrowers or
any Restricted Subsidiary to any Eligible Hedging Counterparty under any Hedging Agreement, in each
case strictly in accordance with the terms thereof.

          “Guarantor” means, except to the extent otherwise provided in Section 4.08,
collectively, the Subsidiary Guarantors, the Parent, FWL, Holdco and the Borrowers.

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

          “Hedging Agreement” means any agreement with respect to any swap, forward, future,
cap, collar or derivative transaction or option or similar agreement involving, or settled by
reference to, one or more rates, currencies, commodities, equity or debt instruments or securities,
or economic, financial or pricing indices or measures of economic, financial or pricing risk or
value or any similar transaction or any combination of these transactions.

          “Holdco” has the meaning assigned to such term in the recital of parties hereto.

          “Immaterial Subsidiary” means, as at any date, any Restricted Subsidiary (other than a
Borrower) designated as such by the Parent in a certificate delivered by the Parent to the
Administrative Agent at the Restatement Effective Date or at any time thereafter (and which
designation has not been rescinded in a subsequent certificate of the Parent delivered to the
Administrative Agent); provided that no Restricted Subsidiary may be designated as an
“Immaterial Subsidiary” if any Subsidiary of such Restricted Subsidiary is not an Immaterial
Subsidiary.

          “Increasing Lender” has the meaning assigned to such term in Section
2.08(e)(i).

          “Incremental Loan” when used in reference to any Loan or Borrowing, means that such
Loan, or the Loans constituting such Borrowing, are made pursuant to Section 2.01(b).

          “Incremental Loan Commitment” means, with respect to each Lender, the amount of the
offer of such Lender to make Incremental Loans of any Series that is accepted by the Company in
accordance with the provisions of Section 2.01(b), as such amount may be (a) reduced from
time to time pursuant to Section 2.08 and (b) reduced or increased from time to time
pursuant to assignments by or to such Lender pursuant to Section 11.08.

- 16 -

 

          “Incremental Loan Exposure” means, with respect to any Incremental Lender of any
Series at any time, the sum of the outstanding principal amount of such Lender’s Incremental Loans
of such Series at such time.

          “Incremental Lenders” means, in respect of any Series of Incremental Loans, (a)
initially, the Lenders (or other financial institutions referred to in Section 2.01(b))
whose offers to make Incremental Loans of such Series shall have been accepted by the Company in
accordance with the provisions of Section 2.01(b) and (b) thereafter, the Lenders from time
to time holding Incremental Loans of such Series and/or Incremental Loan Commitments of such Series
after giving effect to any assignments thereof permitted by Section 11.08.

          “Indebtedness” means, for any Person without duplication: (a) obligations created,
issued or incurred by such Person for borrowed money (whether by loan, the issuance and sale of
debt securities or a sale of financial assets or commodities subject to a repurchase obligation in
a transaction commonly known as a “repo”; (b) obligations of such Person to pay the deferred
purchase or acquisition price of property or services, other than trade accounts payable (other
than for borrowed money) arising, and accrued expenses incurred and payable in the ordinary course
of business; (c) Indebtedness of others secured by a Lien on the property of such Person, whether
or not the respective indebtedness so secured has been assumed by such Person; (d) obligations of
such Person in respect of letters of credit (including Letters of Credit) or similar instruments
(including bank guaranties) issued or accepted by banks and other financial institutions for
account of such Person, but only if and to the extent such letters of credit or similar instruments
directly support obligations otherwise constituting Indebtedness; (e) Capital Lease Obligations of
such Person; (f) Indebtedness of others Guaranteed by such Person; (g) any Disqualified Equity
Interest; and (h) any Earn-Out Obligation. The Indebtedness of any Person shall include the
Indebtedness of any other entity (including any partnership in which such Person is a general
partner) to the extent such Person is liable therefor as a result of such Person’s ownership
interest in or other relationship with such entity.

          Notwithstanding the foregoing, (x) “Indebtedness” shall exclude (i) obligations under Hedging
Agreements and (ii) obligations in respect of letters of credit (including Letters of Credit
hereunder) or similar instruments (including bank guaranties) except to the extent expressly set
forth in clause (d) above and (y) Non-Recourse Project Indebtedness shall not be deemed to be
Indebtedness of any Group Member.

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Interest Coverage Ratio” means, as of the last day of any fiscal quarter of the
Parent, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters ending on the
last day of the most recent fiscal quarter for which financial statements have been delivered
pursuant to this Agreement to (b) Interest Expense for such period.

          “Interest Election Request” means a request by a Borrower to convert or continue a
Borrowing in accordance with Section 2.07.

          “Interest Expense” means, for any period, the sum, for the Group Members (determined
on a consolidated basis without duplication in accordance with GAAP), of the

- 17 -

 

following: (a) all
interest in respect of Indebtedness accrued during such period that was, in such period, paid or
currently payable in cash plus (b) the net amounts accrued and paid, or currently payable
in cash (or minus the net amounts accrued and received, or currently receivable in cash)
under Hedging Agreements relating to interest. In determining “Interest Expense” for any period,
there shall be excluded fees and commissions in respect of letters of credit (including Letters of
Credit hereunder) or similar instruments (including bank guaranties) except to the extent that such
letters of credit or similar instruments directly support Indebtedness.

          “Interest Payment Date” means (a) with respect to any Syndicated ABR Loan, each
Quarterly Date, and the Commitment Termination Date, (b) with respect to any Eurodollar Loan, the
last day of each Interest Period therefor and, in the case of any Interest Period of more than
three months’ duration, each day prior to the last day of such Interest Period that occurs at
three-month intervals after the first day of such Interest Period and (c) with respect to any
Swingline Loan, the day that such Loan is required to be repaid.

          “Interest Period” means with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months (or, with the consent of each Lender of the
relevant Class based upon availability of funds for the applicable period, nine or twelve months)
thereafter, provided, that (i) if any Interest Period would end on a day other than a
Business Day, such Interest Period shall be extended to the next succeeding Business Day unless
such next succeeding Business Day would fall in the next calendar month, in which case such
Interest Period shall end on the next preceding Business Day and (ii) any Interest Period that
commences on the last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the last calendar month of such Interest Period) shall end on the
last Business Day of the last calendar month of such Interest Period. For purposes hereof, the
date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter
shall be the effective date of the most recent conversion or continuation of such Borrowing.
Notwithstanding the foregoing, (x) if any Interest Period for any Revolving Credit Borrowing would
otherwise end after the Commitment Termination Date, such Interest Period shall end on the
Commitment Termination Date, and (y) notwithstanding the foregoing clause (x), no Interest Period
shall have a duration of less than one month and, if the Interest Period for any Eurodollar Loan
would otherwise be a shorter period, such Loan shall not be available hereunder as Eurodollar Loan
for such period.

          “Interim Financial Statements” means the unaudited consolidated balance sheet,
statements of operations, changes in equity and cash flows of the Parent and its consolidated
Subsidiaries as of and for the period commencing on January 1, 2010 and ending on March 31, 2010,
certified by a Financial Officer.

          “Investment” means, for any Person: (a) the acquisition (whether for cash, property,
services or securities or otherwise) of any Equity Interests in, or bonds, notes,
debentures or other securities of, or capital contribution to, any other Person or any “short
sale” of securities, meaning a sale of securities at a time when such securities are not owned by
the Person entering into such short sale; (b) the making of any deposit with, or advance, loan or
other extension of credit to, any other Person, but excluding any such advance, loan or extension
of credit representing (i) the purchase price of inventory, project equipment, supplies or services

- 18 -

 

sold or provided by such Person in the ordinary course of business and on ordinary trade terms or
(ii) the issuance or procurement of any letter of credit (including a Letter of Credit) or similar
instrument (including a bank guaranty) for the benefit of any other Person not directly supporting
Indebtedness; (c) the entering into of any Guarantee of, or other contingent obligation, directly
supporting Indebtedness; or (d) the making of any payment, or other transfer for value in payment
of, any reimbursement or similar obligation arising upon any payment made under any letter of
credit (including a Letter of Credit) or similar instrument (including a bank guaranty) issued or
procured for the benefit of any other Person not directly supporting Indebtedness. The aggregate
amount of an Investment by a Person at any time shall be determined by reference to the amount of
cash or property delivered by such Person in connection with such Investment and not by the amount
of cash or property committed to be delivered in connection therewith.

          “Issuing Lender” means BNP Paribas and each other Lender designated by the Company as
an “Issuing Lender” hereunder that has agreed to such designation and has been approved as an
“Issuing Lender” by the Administrative Agent in its reasonable discretion. Each Issuing Lender
may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of
such Issuing Lender, in which case the term “Issuing Lender” shall include any such Affiliate with
respect to Letters of Credit issued by such Affiliate.

          “Joinder Agreement” means a Joinder Agreement substantially in the form of Exhibit
E.

          “LC Disbursement” means a payment made by an Issuing Lender pursuant to a Letter of
Credit.

          “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC
Disbursements that have not yet been reimbursed by or on behalf of the Borrowers at such time. The
LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure
at such time.

          “Lender Addendum” means a Lender Addendum substantially in the form of Exhibit F, to
be executed and delivered by each initial Lender on the Restatement Effective Date as provided in
Section 11.10.

          “Lenders” means the Persons that shall become a party hereto pursuant to a Lender
Addendum or an Assignment and Assumption, or pursuant to Section 2.01(b) or
2.08(e), other than any such Person that ceases to be a party hereto pursuant to an
Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes the
Swingline Lender and each Issuing Lender.

          “Letter of Credit” means a letter of credit issued pursuant to Article II and
any Existing Letter of Credit.

          “Letter of Credit Collateral Account” has the meaning assigned to such term in
Section 2.05(k).

- 19 -

 

          “Letter of Credit Documents” means, with respect to any Letter of Credit,
collectively, any application therefor and any other agreements, instruments, guarantees or other
documents (whether general in application or applicable only to such Letter of Credit) governing or
providing for (a) the rights and obligations of the parties concerned or at risk with respect to
such Letter of Credit or (b) any collateral security for any of such obligations, each as the same
may be modified and supplemented and in effect from time to time.

          “LIBO Rate” means, for the Interest Period for any Eurodollar Borrowing, the rate
appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of such Service,
or any successor to or substitute for such Service, providing rate quotations comparable to those
currently provided on such page of such Service, as determined by the Administrative Agent from
time to time for purposes of providing quotations of interest rates applicable to Dollar deposits
in the London or other applicable interbank market) at approximately 11:00 a.m., London time, two
Business Days prior to the commencement of such Interest Period, as the rate for Dollar deposits
with a maturity comparable to such Interest Period. In the event that such rate is not available
as described above for any reason, then the LIBO Rate for such Interest Period shall be the rate at
which Dollar deposits in the amount of $5,000,000 and for a maturity comparable to such Interest
Period are offered by the principal London office of the Administrative Agent in immediately
available funds in the London interbank market at approximately 11:00 a.m., London time, two
Business Days prior to the commencement of such Interest Period.

          “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset and (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (including any financing lease having substantially the same economic effect as
any of the foregoing but excluding any operating lease) relating to such asset.

          “Loan Documents” means, collectively, this Agreement, any promissory notes evidencing
Loans hereunder, the Letter of Credit Documents and the Security Documents.

          “Loans” means the loans made by the Lenders to the Borrowers pursuant to this
Agreement, including Incremental Loans of any Series.

          “Luxembourg Guarantor” has the meaning assigned to such term in Section
4.09(b).

          “Margin Stock” has the meaning specified in Regulation U of the Board of Governors of
the Federal Reserve System.

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations or condition, financial or otherwise, of the Group Members
taken as a whole, (b) the enforceability of the obligations of any Obligor under this Agreement or the other
Loan Documents or (c) the rights of or remedies available to the Lenders under this Agreement and
the other Loan Documents.

          “Material Foreign Subsidiary” has the meaning assigned to such term in Section
7.10(f).

- 20 -

 

          “Material Indebtedness” means Indebtedness (other than the Obligations), or
obligations in respect of one or more Hedging Agreements, of any one or more of the Group Members
in an aggregate principal amount exceeding $50,000,000. For purposes of determining Material
Indebtedness, the “principal amount” of the obligations of any Person in respect of any Hedging
Agreement 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 Hedging Agreement were terminated at
such time.

          “Monthly Dates” means the last Business Day of each calendar month in each year, the
first of which shall be the first such day after the date of this Agreement.

          “Moody’s” means Moody’s Investors Service, Inc.

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

          “Net Cash Proceeds” means:

     (a) in the case of any Casualty Event, the aggregate amount of proceeds of insurance,
condemnation awards and other compensation received by the Group Members in respect of such
Casualty Event net of (A) reasonable expenses incurred by the Group Members in connection
therewith and (B) contractually required repayments of Indebtedness to the extent secured by
a Lien on such property and any income and transfer taxes payable by the Group Members in
respect of such Casualty Event; and

     (b) in the case of any Disposition, the aggregate amount of all cash payments received
by the Group Members directly or indirectly in connection with such Disposition, whether at
the time of such Disposition or after such Disposition under deferred payment arrangements
or Investments entered into or received in connection with such Disposition (including,
without limitation, Disposition Investments); provided that

     (i) Net Cash Proceeds shall be net of (x) the amount of any legal, title,
transfer and recording tax expenses, commissions and other fees and expenses payable
by the Group Members in connection with such Disposition, (y) any Federal, state and
local income or other taxes estimated to be payable by the Group Members as a result
of such Disposition and (z) any reserve for retained liabilities or adjustment in
respect of the sale price of such property in accordance with GAAP; and

     (ii) Net Cash Proceeds shall be net of any repayments by any Group Member of
Indebtedness to the extent that (i) such Indebtedness (other than the Guaranteed
Obligations) is secured by a Lien on the property that is the subject of such
Disposition and (ii) the transferee of (or holder of a Lien on) such property
requires that such Indebtedness be repaid as a condition to the purchase of such
property.

- 21 -

 

          Notwithstanding the foregoing, the Net Cash Proceeds of any Casualty Event affecting property
of a Foreign Subsidiary, or any Disposition of property by any Foreign Subsidiary, shall be reduced
by the aggregate amount of funds received by such Foreign Subsidiary that the Company in good faith
determines (and notifies the Administrative Agent) may not be remitted to the Company (by
distribution or intercompany advance or otherwise) without resulting in adverse tax consequences or
a violation of law.

          “Net Commitment Increase Amount” means at any time an amount (not less than zero)
equal to the aggregate amount of all Commitment Increases obtained after the date hereof and at or
prior to such time minus the aggregate amount of all reductions of the Revolving Credit
Commitments effected after the date hereof and at or prior to such time.

          “Net Incremental Increase Amount” means at any time an amount (not less than zero)
equal to the aggregate principal amount of all Incremental Loans outstanding at such time
plus the aggregate unused Incremental Loan Commitments outstanding at any such time.

          “Non-Recourse Project Indebtedness” means Indebtedness of a Project Entity (i) that is
without recourse to, and is not secured by any lien on, any assets of any Group Member other than
(x) recourse in the nature of a guaranty of completion or performance that does not itself
constitute Indebtedness of any Group Member (determined without regard to clause (y) of the last
sentence of the definition of the term “Indebtedness”) and (y) liens on the Equity Interests of
such Project Entity, and (ii) any default in respect of which will not result in a cross-default
under Indebtedness of any Group Member in excess of $50,000,000.

          “Obligations” means all indebtedness, obligations and liabilities of each Obligor to
any Lender, the Swingline Lender, any Issuing Lender or the Administrative Agent from time to time
arising under or in connection with or related to or evidenced by or secured by this Agreement or
any other Loan Document, and all extensions or renewals thereof, whether such indebtedness,
obligations or liabilities are direct or indirect, otherwise secured or unsecured, joint or
several, absolute or contingent, due or to become due, whether for payment or performance, now,
existing or hereafter arising. Without limitation of the foregoing, such indebtedness, obligations
and liabilities include the principal amount of Loans, LC Exposure, interest, fees, indemnities or
expenses under or in connection with this Agreement or any other Loan Document, and all extensions
and renewals thereof, whether or not such extensions of credit were made in compliance with the
terms and conditions of this Agreement or in excess of the obligation of the Lenders to extend
credit hereunder. Obligations shall remain Obligations notwithstanding any assignment or transfer
or any subsequent assignment or transfer of any of the Obligations or any interest therein.

          “Obligors” means, collectively, the Borrowers and the Guarantors.

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

          “Parent” has the meaning assigned to such term in the recital of parties hereto.

- 22 -

 

          “Participant” has the meaning assigned to such term in Section 11.08(c).

          “PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any
or all of its functions under ERISA.

          “Performance Letter of Credit” means (a) a standby Letter of Credit issued to secure
ordinary course performance obligations, including, without limitation, any performance related
advance payment, retention or warranty obligations, in each case in connection with project
engineering, procurement, construction, power business, maintenance and other similar projects
(including projects about to be commenced) or bids for prospective project engineering,
procurement, construction, power business, maintenance and other similar projects, and (b) a
standby Letter of Credit issued to back a bank guarantee, surety bond, performance bond, or other
similar obligation in each case issued to support ordinary course performance obligations
including, without limitation, any performance related advance payment, retention or warranty
obligations, in each case in connection with project engineering, procurement, construction, power
business, maintenance and other similar projects (including projects about to be commenced) or bids
for prospective project engineering, procurement, construction, power business, maintenance and
other similar projects. For the avoidance of doubt, the term “Performance Letter of Credit”
includes each Existing Letter of Credit that is identified as a “Performance Letter of Credit” on
Schedule 1.01.

          “Permitted Investments” means:

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

     (b) investments in commercial paper maturing within 270 days from the date of
acquisition thereof and having, at such date of acquisition, the highest credit rating
obtainable from S&P or Moody’s;

     (c) investments in certificates of deposit, banker’s acceptances and time deposits
maturing within 180 days from the date of acquisition thereof issued or guaranteed by or
placed with, and money market deposit accounts issued or offered by, any office of any
commercial bank which has a combined capital and surplus and undivided profits of not less
than $250,000,000;

     (d) fully collateralized repurchase agreements with a term of not more than 180 days
for securities described in clause (a) above and entered into with a financial institution
satisfying the criteria described in clause (c) above;

     (e) money market funds at least 95% of the assets of which constitute Permitted
Investments of the kinds described in clauses (a) through (d) of this definition;

     (f) obligations issued or guaranteed by the government or governmental agencies of the
United States of America, Canada, Japan, Australia, Switzerland and the

- 23 -

 

countries belonging
to the European Union with a country credit rating of at least AA from S&P or similar rating
from any other recognized credit rating agency maturing within one year from the date of
acquisition thereof; and

     (g) obligations of a Group Member to any other Group Member arising from any cash
management arrangement maintained in for the purpose of investing in Permitted Investments.

          “Perryville Fee-Owned Property” means the fee interest of the Company in Units 2, 4,
5, and 6 of the Perryville Corporate Park Condominium located in Union Township, Hunterdon County,
New Jersey.

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

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

          “Prime Rate” means the rate of interest per annum publicly announced from time to time
by BNP Paribas, as its prime rate in effect at its office in New York City; each change in the
Prime Rate shall be effective from and including the date such change is publicly announced as
being effective.

          “Project Entity” means each and all of (a) the Subsidiaries listed on Schedule
5.13 identified as “Project Entities” therein and their present and future Subsidiaries and (b)
any other existing or future Subsidiary of the Company designated by the Company, by written notice
to the Administrative Agent, as formed or acquired for the primary purpose of constructing,
acquiring, owning, leasing and/or operating one or more sites, facilities or projects and any
agreements related thereto and the Subsidiaries of such Subsidiary, together, in the case of each
Subsidiary referred to in clause (a) or (b), with any intermediate holding companies of any such
Subsidiary.

          “provide cover” means, when used in reference to a Letter of Credit, the deposit of
cash collateral pursuant to Section 2.05(k).

          “Quarterly Dates” means the last Business Day of March, June, September and December
in each year, the first of which shall be the first such day after the Restatement Effective Date.

          “Ratings” means (a) the corporate credit rating for the Parent issued by S&P and (b)
the issuer rating for the Parent, or if the Parent does not have an issuer rating, the Company,
issued by Moody’s, if such issuer rating is Baa3 or higher, or the corporate family rating for the
Company issued by Moody’s, if such issuer rating is lower than Baa3.

          “Register” has the meaning assigned to such term in Section 11.08.

- 24 -

 

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

          “Required Incremental Lenders” means, at any time, with respect to Incremental Lenders
of any Series, Incremental Lenders of such Series having Incremental Loan Exposures and unused
Incremental Loan Commitments of such Series representing more than 50% of the total Incremental
Loan Exposures of such Series and unused Incremental Loan Commitments of such Series at such time.

          “Required Lenders” means, at any time, Lenders having Exposures and unused Commitments
representing more than 50% of the sum of the total Exposures and unused Commitments at such time.

          “Required Revolving Credit Lenders” means, at any time, Revolving Credit Lenders
having Revolving Credit Exposures and unused Revolving Credit Commitments representing more than
50% of the total Revolving Credit Exposures and unused Revolving Credit Commitments at such time.

          “Restatement Effective Date” has the meaning assigned to such term in Section
6.01.

          “Restricted Payment” means any dividend or other distribution (whether in cash,
contractual obligations, securities or other property) with respect to any class of outstanding
equity interests of the Parent, or any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancellation or termination of any such equity interest of the Parent, but excluding
dividends payable solely in equity interests of the Parent (other than Disqualified Equity
Interests).

          “Restricted Subsidiary” means all Subsidiaries of the Parent other than the Project
Entities.

          “Revolving Credit”, when used in reference to any Loan or Borrowing, means that such
Loan, or the Loans constituting such Borrowing, are made pursuant to Section 2.01(a).

          “Revolving Credit Availability Period” means the period from and including the
Restatement Effective Date to but excluding the earlier of (a) the Commitment Termination Date and
(b) the date of termination of the Revolving Credit Commitments.

          “Revolving Credit Commitment” means, with respect to each Lender, the commitment of
such Lender to make Revolving Credit Loans and to acquire participations in Letters of Credit and
Swingline Loans hereunder, as such commitment may be (a) reduced, increased or terminated from time
to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 11.08. The initial amount of each
Lender’s Revolving Credit Commitment is set forth opposite the name of such Lender on its Lender
Addendum under the caption “Revolving Credit Commitment”, or in the Assignment and Assumption
pursuant to which such Lender shall have assumed its

- 25 -

 

Revolving Credit Commitment, as applicable.
The initial aggregate amount of the Revolving Credit Commitments is $450,000,000.

          “Revolving Credit Exposure” means, with respect to any Revolving Credit Lender at any
time, the sum of (a) the outstanding principal amount of such Lender’s Syndicated Revolving Credit
Loans, its LC Exposure and Swingline Exposure at such time minus (b) for purposes of
Sections 2.10(c) and (d), the aggregate balance then held by the Administrative
Agent in the Letter of Credit Collateral Account.

          “Revolving Credit Lender” means (a) initially, a Lender that has a “Revolving Credit
Commitment” set forth opposite the name of such Lender on its Lender Addendum and (b) thereafter,
the Lenders from time to time holding Revolving Credit Loans and Revolving Credit Commitments,
after giving effect to any assignments thereof permitted by Section 11.08.

          “Revolving Credit Loan Sublimit” means $100,000,000.

          “S&P” means Standard & Poor’s Ratings Services, a Division of The McGraw-Hill
Companies, Inc.

          “Sale and Leaseback Transaction” has the meaning assigned thereto in Section
8.03.

          “Secured LOCs” has the meaning assigned to such term in Section 8.01(c).

          “Security Agreement” means an Amended and Restated Security Agreement substantially in
the form of Exhibit D between the Obligors and the Administrative Agent.

          “Security Documents” means, collectively, the Security Agreement and any other
security agreement, assignment, pledge, mortgage or other instrument executed and delivered on or
before the Restatement Effective Date, or thereafter from time to time (whether pursuant to
Section 7.10 or otherwise), by the Obligors or any other Person granting Liens on assets or
Equity Interests of the Group Members to secure Obligations.

          “Series” has the meaning assigned to such term in Section 2.01(b).

          “Significant Subsidiary” means a Restricted Subsidiary (other than an Obligor) that
has aggregate assets or aggregate revenues (excluding in each case intercompany loans or
receivables that are eliminated on the consolidated financial statements of the Group Members in
accordance with GAAP) greater than 5% of the aggregate assets or aggregate revenues of the Group
Members taken as a whole.

          “Special Counsel” means Milbank, Tweed, Hadley & McCloy LLP, in its capacity as
special counsel to BNP Paribas, as Administrative Agent of the credit facilities contemplated
hereby.

          “Statutory Reserve Rate” means, for the Interest Period for any Eurodollar Borrowing,
a fraction (expressed as a decimal), the numerator of which is the number one and the denominator
of which is the number one minus the arithmetic mean, taken over each day in

- 26 -

 

such Interest
Period, of the aggregate of the maximum reserve percentages (including any marginal, special,
emergency or supplemental reserves) expressed as a decimal established by the Board to which the
Administrative Agent is subject for eurocurrency funding (currently referred to as “Eurocurrency
liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed
pursuant to Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and
to be subject to such reserve requirements without benefit of or credit for proration, exemptions
or offsets that may be available from time to time to any Lender under such Regulation D or any
comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the
effective date of any change in any reserve percentage.

          “Sterling” or “£” refers to the lawful currency of the United Kingdom.

          “Subsidiary” means, with respect to any Person (the “parent”) at any date, (a)
any other Person (other than a partnership) the accounts of which would be consolidated with those
of the parent in the parent’s consolidated financial statements if such financial statements were
prepared in accordance with GAAP as of such date or (b) any partnership the accounts of which would
be consolidated with those of the parent in the parent’s consolidated financial statements if such
financial statements were prepared in accordance with GAAP as of such date. References herein to
“Subsidiaries” shall, unless the context requires otherwise, be deemed to be references to
Subsidiaries of the Parent.

          “Subsidiary Guarantors” means the Persons listed under the caption “SUBSIDIARY
GUARANTORS” on the signature pages hereto or which become a party hereto as a “Subsidiary
Guarantor” hereunder pursuant to any Joinder Agreement; provided that, for the avoidance of
doubt, “Subsidiary Guarantors” will not include (a) any Project Entity, (b) any Immaterial
Subsidiary, (c) FW Energie B.V. and Foster Wheeler Europe B.V., (d) Foster Wheeler Power Systems,
S.A., (e) Foster Wheeler Environmental Corporation, (f) FW Management Operations, Ltd., (g)
Perryville Service Company Ltd., (h) Continental Finance Company Ltd., (i) Foster Wheeler Power
Company Ltd. — La Societe D’Energie Foster Wheeler Ltee, (j) Foster Wheeler Canada Ltd., (k)
Foster Wheeler Europe, (l) Foster Wheeler (Malaysia) SDN. BHD., (m) Foster Wheeler Continental
B.V., (n) FW Netherlands C.V., (o) F.W. — Gestão E Serviços, S.A., (p) Foster Wheeler Asia Pacific
Pte. Ltd., (q) P.E. Consultants, Inc., (r) Manops Limited, (s) Foster Wheeler Caribe Corporation,
C.A., and (t) FW Overseas Operations Limited.

          “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall
be its Applicable Percentage of the total Swingline Exposure at such time.

          “Swingline Lender” means BNP Paribas, in its capacity as lender of Swingline Loans
hereunder.

          “Swingline Loan” means a Loan made pursuant to Section 2.04.

          “Syndicated”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans constituting such Borrowing, are made pursuant to Section 2.01.

- 27 -

 

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

          “Total Leverage Ratio” means as at any date the ratio of (a) all Indebtedness of the
Group Members (determined on a consolidated basis without duplication in accordance with GAAP) on
such date to (b) EBITDA for the period ending on the last day of the most recent fiscal quarter for
which financial statements have been delivered pursuant to this Agreement.

          “Transactions” means (a) with respect to a Borrower, the execution, delivery and
performance by such Borrower of the Loan Documents to which it is a party, the borrowing of Loans
and the use of the proceeds thereof, and the issuance of Letters of Credit hereunder and (b) with
respect to an Obligor (other than the Borrowers), the execution, delivery and performance by such
Obligor of the Loan Documents to which it is a party.

          “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate or the Alternate Base Rate.

          “Unapplied Equity Proceeds” means, at any date of determination, (a) the aggregate
cash proceeds received by the Parent in respect of its equity capital (whether through the issuance
of additional equity interests, through the receipt of capital contributions to the Parent or
otherwise) during the period commencing on the Restatement Effective Date through and including
such date or determination minus (b) the aggregate amount of Investments made by the Parent
or any of its Subsidiaries pursuant to clauses (iii) and (iv) of Section 8.05(a) during
such period; provided that if the amount obtained pursuant to clause (b) is greater than
the amount obtained pursuant to clause (a), then the amount of “Unapplied Equity Proceeds” for
purposes of this Agreement and each other Loan Document shall be deemed to be zero.

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

          SECTION 1.02. Classification of Loans and Borrowings. For purposes of this
Agreement, Loans may be classified and referred to by Class (e.g., a “Syndicated Revolving
Credit Loan” or “Incremental Loan”) or by Type (e.g., an “ABR Loan”, or a “Eurodollar
Loan”) or by Class and Type (e.g., a “Syndicated ABR Revolving Credit Loan” or a
“Syndicated Eurodollar Revolving Credit Loan”); each Series of Incremental Loans shall be deemed a
separate Class of Loans hereunder. In similar fashion, (i) Borrowings may be classified and
referred to by Class, by Type and by Class and Type, and (ii) Commitments may be classified and
referred to by Class; each Series of Incremental Loan Borrowings and Incremental Loan Commitments
shall be deemed a separate Borrowing and Commitment hereunder.

          SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally
to the singular and plural forms of the terms defined. Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word
“will” shall be construed to have the same meaning and effect as the word

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“shall”. Any reference herein to “the date hereof”, “the date of this Agreement” and words of similar import shall be
deemed to mean July 30, 2010. Unless the context requires otherwise (a) any definition of or
reference to any agreement, instrument or other document herein shall be construed as referring to
such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or modifications
set forth herein), (b) any reference herein to any Person shall be construed to include such
Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of
similar import, shall be construed to refer to this Agreement in its entirety and not to any
particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement, (e) any reference to an undertaking, obligation or liability in this Agreement
shall be construed as a reference to such undertaking, obligation or liability as the same shall
from time to time be modified or supplemented and (f) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights.

          SECTION 1.04. Accounting Terms; GAAP. Except as otherwise expressly provided herein,
all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in
effect from time to time; provided that, if the Parent notifies the Administrative Agent
that the Parent requests an amendment to any provision hereof to eliminate the effect of any change
occurring after the date hereof in GAAP or in the application thereof on the operation of such
provision (or if the Administrative Agent notifies the Parent that the Required Lenders request an
amendment to any provision hereof for such purpose), regardless of whether any such notice is given
before or after such change in GAAP or in the application thereof, then such provision shall be
interpreted on the basis of GAAP as in effect and applied immediately before such change shall have
become effective until such notice shall have been withdrawn or such provision amended in
accordance herewith.

          SECTION 1.05. Currencies; Currency Equivalents. At any time, any reference in the
definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the
Currency of any particular nation means the lawful currency of such nation at such time whether or
not the name of such Currency is the same as it was on the date hereof. Except as provided in
Section 2.10(d), for purposes of determining

     (i) whether the amount of any Revolving Credit Borrowing or Letter of Credit, together
with all other Revolving Credit Borrowings and Letters of Credit then outstanding or to be
borrowed or issued at the same time that such Revolving Credit Borrowing or Letter of Credit
is outstanding, would exceed the aggregate amount of the Revolving Credit Commitments,

     (ii) whether the amount of any Incremental Borrowing of any Class, together with all
other Incremental Borrowings of such Class then outstanding or to be borrowed at the same time that such Incremental Borrowing is outstanding, would exceed the
aggregate amount of the Incremental Commitments of such Class,

     (iii) the aggregate unutilized amount of the Commitments of any Class or

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     (iv) the Revolving Credit Exposure, the LC Exposure or the Incremental Loan Exposure of
any Class,

the outstanding principal amount of any Letter of Credit that is denominated in any Foreign
Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such
Letter of Credit, determined as of the date of such Letter of Credit. Wherever in this Agreement
in connection with a Letter of Credit a required minimum or multiple amount is expressed in
Dollars, but such Letter of Credit is denominated in a Foreign Currency, such amount shall be the
relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of
such Foreign Currency).

ARTICLE II

LOAN COMMITMENTS

          SECTION 2.01. Revolving Credit Commitments.

          (a) Revolving Credit Loans. Subject to the terms and conditions set forth herein,
each Revolving Credit Lender agrees to make Syndicated Revolving Credit Loans to the Borrowers from
time to time during the Revolving Credit Availability Period, in Dollars, in an aggregate principal
amount that will not result in such Lender’s Revolving Credit Exposure exceeding such Lender’s
Revolving Credit Commitment, provided that (i) the aggregate outstanding principal amount
of Revolving Credit Loans and Swingline Loans shall not at any time exceed the Revolving Credit
Loan Sublimit and (ii) the total Revolving Credit Exposure shall not at any time exceed the total
Revolving Credit Commitments. Within the foregoing limits and subject to the terms and conditions
set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Credit Loans.

          (b) Incremental Loans. In addition to Borrowings of Syndicated Revolving Credit Loans
pursuant to paragraph (a) above, at any time and from time to time, the Company may request that
any one or more of the Lenders or, at the option of the Company, other financial institutions or
funds selected by the Company offer to enter into commitments to make additional revolving
Incremental Loans, in Dollars, under this paragraph (b) to the Borrowers. In the event that one or
more of the Lenders or such other financial institutions or funds offer, in their sole discretion,
to enter into such commitments, and such Lenders or financial institutions or funds and the Company
agree as to the amount of such commitments that shall be allocated to the respective Lenders or
financial institutions or funds making such offers and the fees (if any) to be payable by the
Borrowers in connection therewith, such Lenders or financial institutions or funds shall become
obligated to make Incremental Loans under this Agreement in an amount equal to the amount of their
respective Incremental Loan Commitments (and such financial institutions shall become
“Incremental Lenders” hereunder). The Incremental Loans to be made pursuant to any such
agreement between the Company in response to any such request by the Company shall be deemed
to be a separate “Series” of Incremental Loans for all purposes of this Agreement.

          Anything herein to the contrary notwithstanding, (i) the minimum aggregate principal amount of
Incremental Loan Commitments entered into pursuant to any such request (and, accordingly, the
minimum aggregate principal amount of any Series of Incremental Loans) shall be

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$20,000,000 or a larger multiple of $1,000,000 and (ii) immediately after giving effect to the establishment of each
Incremental Loan Commitment, the sum of the Net Commitment Increase Amount plus the Net
Incremental Increase Amount plus the aggregate undrawn amount of all Secured LOCs shall not
exceed $225,000,000. Except as otherwise expressly provided herein, the Incremental Loans of any
Series shall have the interest rate, participation and other fees, commitment reduction schedule
(if any) and maturity date, and be subject to such conditions to effectiveness and initial credit
extension, as shall be agreed upon by the respective Incremental Lenders of such Series, the
Company and (other than in the case of any commitment reduction schedule or maturity date) the
Administrative Agent (which agreement by the Administrative Agent shall not be unreasonably
withheld), provided that in any event (i) the Incremental Loans shall be subject to, and
entitled to the benefits of, the collateral security and Guarantees provided for herein and in the
other Loan Documents on an equal and ratable basis with each other Guaranteed Obligation, (ii) the
maturity for Incremental Loans shall not be earlier than the Commitment Termination Date and may be
later than the Commitment Termination Date to the extent so agreed by the Company and such
Incremental Lenders and (iii) the weighted average-life-to-maturity for each Series of Incremental
Loans shall not be shorter than the remaining Revolving Credit Availability Period.

          Following the acceptance by the Company of the offers made by any one or more Lenders to make
any Series of Incremental Loans pursuant to the foregoing provisions of this paragraph (b), each
Incremental Lender in respect of such Series of Incremental Loans severally agrees, on the terms
and conditions of this Agreement, to make such Incremental Loans to the Borrowers during the period
from and including the date of such acceptance to and including the commitment termination date
specified in the agreement entered into with respect to such Series in an aggregate principal
amount up to but not exceeding the amount of the Incremental Loan Commitment of such Incremental
Lender in respect of such Series as in effect from time to time. Thereafter, subject to the terms
and conditions of this Agreement, the Borrowers may convert Incremental Loans of such Series of one
Type into Incremental Loans of such Series of another Type (as provided in Section 2.07) or
continue Incremental Loans of such Series of one Type as Incremental Loans of such Series of the
same Type (as provided in Section 2.07).

          SECTION 2.02. Loans and Borrowings.

          (a) Obligations Several. Each Revolving Credit Loan or Incremental Loan of a
particular Class and Type (other than Swingline Loans, as to which the provisions of Section
2.04 shall be applicable) shall be made as part of a Borrowing consisting of Loans of such
Class and Type made by the respective Lenders ratably in accordance with their respective
Commitments of such Class. The failure of any such Lender to make any Loan required to be made by
it shall not relieve any other Lender of its obligations hereunder; provided that the
Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s
failure to make Loans as required.

          (b) Type of Loans. Subject to Section 2.14, each Syndicated Borrowing of a
Class shall be constituted entirely of ABR Loans or of Eurodollar Loans of such Class as the
respective Borrower may request in accordance herewith. Each Lender at its option may make any
Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to

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make such Loan; provided that any exercise of such option shall not affect the obligation of such
Borrower to repay such Loan in accordance with the terms of this Agreement.

          (c) Minimum Amounts. Each Revolving Credit Loan or Incremental Loan Borrowing
(whether Eurodollar, Syndicated ABR or Swingline) shall be in an aggregate amount of $1,000,000 or
a larger multiple of $1,000,000; provided that (i) each Swingline Loan shall be in an
amount equal to $500,000 or a larger multiple of $250,000 and (ii) any Borrowing of a Class may be
in an aggregate amount that is equal to the entire unused balance of the total Commitments of such
Class or, in the case of Revolving Credit Loans, that is required to finance the reimbursement of
an LC Disbursement as contemplated by Section 2.05(f). Borrowings of more than one Class
and Type may be outstanding at the same time; provided that there shall not at any time be
more than a total of ten Eurodollar Borrowings outstanding.

          (d) Limitations on Interest Periods. Notwithstanding any other provision of this
Agreement, a Borrower shall not be entitled to request (or to elect to convert to or continue as a
Eurodollar Borrowing) any Revolving Credit Borrowing if the Interest Period requested therefor
would end after the Commitment Termination Date, or any Incremental Loan Borrowing of any Series if
the Interest Period requested therefor would end after the commitment termination date for such
Series.

          SECTION 2.03. Requests for Borrowings.

          (a) Notice by the Borrowers. To request a Syndicated Borrowing, the respective
Borrower shall notify the Administrative Agent of such request by telephone (i) in the case of a
Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the
date of the proposed Borrowing or (ii) in the case of a Syndicated ABR Borrowing, not later than
11:00 a.m., New York City time, on the date of the proposed Borrowing; provided that any
such notice of a Revolving ABR Borrowing to finance the reimbursement of an LC Disbursement as
contemplated by Section 2.05(f) may be given not later than 10:00 a.m., New York City time,
on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable
and shall be confirmed promptly by hand delivery or telecopy or other electronic transmission to
the Administrative Agent of a written Borrowing Request in a form approved by the Administrative
Agent and signed by the relevant Borrower.

          (b) Content of Request for Syndicated Loans. Each telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.02:

     (i) whether such Borrowing is to be a Revolving Credit Borrowing or an Incremental
Borrowing (and, if so, which Series of Incremental Loans will arise therefrom);

     (ii) the aggregate amount of the requested Borrowing;

     (iii) the date of such Borrowing, which shall be a Business Day;

     (iv) in the case of a Syndicated Borrowing, whether such Borrowing is to be an ABR
Borrowing or a Eurodollar Borrowing;

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     (v) in the case of a Eurodollar Borrowing, the Interest Period therefor, which shall be
a period contemplated by the definition of the term “Interest Period” and permitted under
Section 2.02(d); and

     (vi) the location and number of the respective Borrower’s account to which funds are to
be disbursed, which shall comply with the requirements of Section 2.06.

          (c) Notice by the Administrative Agent to the Lenders. Promptly following receipt of
a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each
Revolving Credit Lender or relevant Incremental Lenders, as the case may be, of the details thereof
and of the amounts of such Lender’s Loan to be made as part of the requested Borrowing.

          (d) Failure to Elect. If no election as to the Type of a Syndicated Borrowing is
specified, then the requested Borrowing shall be an ABR Borrowing. If a Eurodollar Borrowing is
requested but no Interest Period is specified, the requested Borrowing shall be a Eurodollar
Borrowing having an Interest Period of one month’s duration.

          SECTION 2.04. Swingline Loans.

          (a) Agreement to Make Swingline Loans. Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans to the Borrowers from time to time
during the Revolving Credit Availability Period, in Dollars, in an aggregate principal amount at
any time outstanding that will not result in (i) the aggregate principal amount of outstanding
Swingline Loans exceeding $10,000,000, (ii) the aggregate outstanding principal amount of Revolving
Credit Loans and Swingline Loans exceeding the Revolving Credit Loan Sublimit or (iii) the total
Revolving Credit Exposures exceeding the aggregate Revolving Credit Commitments, provided
that the Swingline Lender shall not be required to make a Swingline Loan to refinance an
outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits
and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and
reborrow Swingline Loans.

          (b) Notice of Swingline Loans by the Borrowers. To request a Swingline Loan, the
respective Borrower shall notify the Administrative Agent of such request by telephone (confirmed
by telecopy or other electronic transmission) not later than 12:00 noon, New York City time, on the
day of such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the
requested date (which shall be a Business Day) and the amount of the requested Swingline Loan. The
Administrative Agent will promptly advise the Swingline Lender of any such notice received from a
Borrower. The Swingline Lender shall make each Swingline Loan available to such Borrower by means
of a credit to the general deposit account of such Borrower with the Swingline Lender (or, in the
case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in
Section 2.05(f), by remittance to the applicable Issuing Lender) by 3:00 p.m., New York City time, on the requested date of
such Swingline Loan.

          (c) Participations by Lenders in Swingline Loans. The Swingline Lender may, by
written notice given to the Administrative Agent not later than 10:00 a.m., New York

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City time on any Business Day, require the Revolving Credit Lenders to acquire participations on such Business
Day in all or a portion of the Swingline Loans then outstanding. Such notice to the Administrative
Agent shall specify the aggregate amount of Swingline Loans in which the applicable Lenders will
participate. Promptly upon receipt of such notice, the Administrative Agent will give notice
thereof to each applicable Lender, specifying in such notice such Lender’s Applicable Percentage of
such Swingline Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon
receipt of notice as provided above in this paragraph, to pay to the Administrative Agent, for
account of the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or
Loans, provided that no Lender shall be required to purchase a participation in a Swingline
Loan pursuant to this paragraph (c) if (x) the conditions set forth in Section 6.02 would
not be satisfied in respect of a Borrowing at the time such Swingline Loan was made and (y) the
Required Revolving Credit Lenders shall have so notified the Swingline Lender in writing before
such Swingline Loan was made and shall not have subsequently determined that the circumstances
giving rise to such conditions not being satisfied no longer exist.

          Subject to the foregoing, each Revolving Credit Lender acknowledges and agrees that its
obligation to acquire participations in Swingline Loans pursuant to this paragraph (c) is absolute
and unconditional and shall not be affected by any circumstance whatsoever, including the
occurrence and continuance of a Default or reduction or termination of the Revolving Credit
Commitments, and that each such payment shall be made without any offset, abatement, withholding or
reduction whatsoever. Each Revolving Credit Lender shall comply with its obligation under this
paragraph by wire transfer of immediately available funds, in the same manner as provided in
Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall
apply, mutatis mutandis, to the payment obligations of the Revolving Credit
Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so
received by it from the Revolving Credit Lenders. The Administrative Agent shall notify the
applicable Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph
(c), and thereafter payments in respect of such Swingline Loan shall be made to the Administrative
Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from such
Borrower (or other party on behalf of such Borrower) in respect of a Swingline Loan after receipt
by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly
remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall
be promptly remitted by the Administrative Agent to the Lenders that shall have made their payments
pursuant to this paragraph and to the Swingline Lender, as their interests may appear. The
purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve a
Borrower of any default in the payment thereof.

          SECTION 2.05. Letters of Credit.

          (a) General. Subject to the terms and conditions set forth herein (including the
penultimate paragraph of Section 2.05(b)), in addition to the Revolving Credit Loans
provided for in Section 2.01, any Borrower may request the issuance of Letters of
Credit for its own account (or for the account of any of its Subsidiaries) by an Issuing Lender, at
any time and from time to time during the period commencing on the Restatement Effective Date
through and including the date five Business Days preceding the Commitment Termination Date, which
Letters of Credit may be denominated in Dollars or in any Agreed Foreign Currency and shall be

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in such form as is acceptable to such Issuing Lender in its reasonable determination, provided
that no Issuing Lender shall be under any obligation to issue any Letter of Credit if the issuance
of such Letter of Credit would violate one or more of the policies of such Issuing Lender generally
applicable to the issuance of letters of credit (other than policies as to expiration dates that
conflict with Section 2.05(d)). Letters of Credit issued hereunder shall constitute
utilization of the Revolving Credit Commitments up to the aggregate amount available to be drawn
thereunder.

          (b) Notice of Issuance; Redesignation, Etc. To request the issuance of a Letter of
Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the respective
Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements
for doing so have been approved by the respective Issuing Lender) to an Issuing Lender and the
Administrative Agent (by the times specified in the next following sentence) a notice requesting
the issuance of such Letter of Credit, or identifying the Letter of Credit to be amended, renewed
or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a
Business Day), the date on which such Letter of Credit is to expire (which shall comply with
paragraph (d) of this Section), the amount and Currency of such Letter of Credit, the name and
address of the beneficiary thereof and such other information as shall be necessary to prepare,
amend, renew or extend such Letter of Credit. Such notice shall be given to the Administrative
Agent (i) in the case of a Letter of Credit to be denominated in Dollars, not later than 11:00
a.m., New York City time, three Business Days before the date of the proposed issuance, amendment,
renewal or extension and (ii) in the case of a Letter of Credit to be denominated in a Foreign
Currency, not later than 11:00 a.m., London time, three Business Days (or four Business Days if
longer notice is determined by the Administrative Agent to be required) before the date of the
proposed issuance, amendment, renewal or extension.

          If requested by such Issuing Lender, such Borrower also shall submit a letter of credit
application on such Issuing Lender’s standard form in connection with any request for a Letter of
Credit. In the event of any inconsistency between the terms and conditions of this Agreement and
the terms and conditions of any form of letter of credit application or other agreement submitted
by a Borrower to, or entered into by a Borrower with, an Issuing Lender relating to any Letter of
Credit, the terms and conditions of this Agreement shall control.

          Each Issuing Lender shall promptly notify the Administrative Agent of any Letters of Credit
issued, amended, renewed or extended by it hereunder (or any Letter of Credit that shall have been
cancelled or terminated) and shall deliver a report (in form and substance reasonably acceptable to
the Administrative Agent) on the last Business Day of each month after the Restatement Effective
Date detailing its Letter of Credit activity under this Agreement during such month.

          (c) Limitation on Amount. A Letter of Credit shall be issued, amended, renewed or
extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the
respective Borrower shall be deemed to represent and warrant that), after giving
effect to such issuance, amendment, renewal or extension the total Revolving Credit Exposure
shall not exceed the total Revolving Credit Commitments.

          (d) Expiration Date. The applicable Borrower will have the right to request that the
expiration date for a Letter of Credit be fixed (without giving effect to any extension

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thereof by reason of an interruption of business) for any date selected by such Borrower that is not later
than five Business Days prior to the Commitment Termination Date. If any Letter of Credit includes
an extension clause, it may provide that the respective Issuing Lender shall have the option to
refuse to extend the expiration of such Letter of Credit to a date that is later than five Business
Days prior to the Commitment Termination Date (and with respect to each such Letter of Credit, the
Issuing Lender shall refuse to do so) or that automatic extensions thereof will not be effective if
the extended expiration date is later than the date five Business Days prior to the Commitment
Termination Date.

          (e) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) by any Issuing Lender, and without any further
action on the part of such Issuing Lender or any Lender, such Issuing Lender hereby grants to each
Revolving Credit Lender, and each Revolving Credit Lender hereby acquires from such Issuing Lender,
a participation in such Letter of Credit equal to such Revolving Credit Lender’s Applicable
Percentage of the aggregate amount available to be drawn under such Letter of Credit. Such
granting and acquisition of participations in Existing Letters of Credit shall occur automatically
and without further action on the Restatement Effective Date. Each Revolving Credit Lender
acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph is
absolute and unconditional and shall not be affected by any circumstance whatsoever, including any
amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a
Default or reduction or termination of the Revolving Credit Commitments, and that each such payment
shall be made without any offset, abatement, withholding or reduction whatsoever.

          In consideration and in furtherance of the foregoing, each Revolving Credit Lender hereby
absolutely and unconditionally agrees to pay to the Administrative Agent, for account of the
respective Issuing Lender, such Revolving Credit Lender’s Applicable Percentage of the Dollar
Equivalent of each LC Disbursement (calculated on the date of such LC Disbursement) made by such
Issuing Lender in respect of Letters of Credit issued by such Issuing Lender promptly upon the
request of such Issuing Lender at any time from the time of such LC Disbursement until such LC
Disbursement is reimbursed by the respective Borrower or at any time after any reimbursement
payment is required to be refunded to such Borrower for any reason. Such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. Each such payment shall be
made in the same manner as provided in Section 2.06 with respect to Revolving Credit Loans
made by such Revolving Credit Lender (and Section 2.06 shall apply, mutatis
mutandis, to the payment obligations of the Revolving Credit Lenders), and the
Administrative Agent shall promptly pay to such Issuing Lender the amounts so received by it from
the Revolving Credit Lenders. Promptly following receipt by the Administrative Agent of any
payment from a Borrower pursuant to the next following paragraph, the Administrative Agent shall
distribute such payment to the respective Issuing Lender or, to the extent that the Revolving
Credit Lenders have made payments pursuant to this paragraph to reimburse such Issuing Lender, then
to such Revolving Credit Lenders and such Issuing Lender as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing
Lender for any LC Disbursement shall not constitute a Loan and shall not relieve the respective
Borrower of its obligation to reimburse such LC Disbursement.

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          (f) Reimbursement. If an Issuing Lender shall make any LC Disbursement in respect of
a Letter of Credit, the respective Borrower shall reimburse such Issuing Lender in respect of such
LC Disbursement by paying to the Administrative Agent an amount equal to the Dollar Equivalent of
such LC Disbursement (calculated on the date of such LC Disbursement) not later than 12:00 noon,
New York City time, on the Business Day immediately following the day that such Borrower receives
notice of such LC Disbursement, provided that, if the Dollar Equivalent of such LC
Disbursement is not less than $1,000,000, such Borrower may, subject to the conditions to borrowing
set forth herein, request in accordance with Section 2.03 or 2.04 that such payment
be financed with a Syndicated ABR Borrowing or a Swingline Loan in an equivalent amount and, to the
extent so financed, such Borrower’s obligation to make such payment shall be discharged and
replaced by the resulting Syndicated ABR Borrowing or Swingline Loan.

          If the respective Borrower fails to make such payment when due, the Administrative Agent shall
notify each Revolving Credit Lender of the applicable LC Disbursement, the payment then due from
such Borrower in respect thereof and such Revolving Credit Lender’s Applicable Percentage of the
Dollar Equivalent thereof.

          (g) Obligations Absolute. A Borrower’s obligation to reimburse LC Disbursements made
in respect of a Letter of Credit issued for its account as provided in paragraph (f) of this
Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in
accordance with the terms of this Agreement under any and all circumstances whatsoever and
irrespective of (i) any lack of validity or enforceability of any Letter of Credit, or any term or
provision therein, (ii) any draft or other document presented under a Letter of Credit proving to
be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate
in any respect, (iii) payment by the respective Issuing Lender under a Letter of Credit against
presentation of a draft or other document that does not comply strictly with the terms of such
Letter of Credit and (iv) any other event or circumstance whatsoever, whether or not similar to any
of the foregoing, that might, but for the provisions of this Section 2.05, constitute a
legal or equitable discharge of such Borrower’s obligations hereunder.

          Neither the Administrative Agent, the Revolving Credit Lenders nor any Issuing Lender, nor any
of their Related Parties, shall have any liability or responsibility by reason of or in connection
with the issuance or transfer of any Letter of Credit by any Issuing Lender or any payment or
failure to make any payment thereunder (irrespective of any of the circumstances referred to in the
preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of such Issuing Lender;
provided that the foregoing shall not be construed to excuse an Issuing Lender from
liability to the Borrowers to the extent of any direct damages (as opposed to consequential
damages, claims in respect of which are hereby waived by the Borrowers to the extent permitted by applicable law) suffered by the Borrowers that are caused by such Issuing
Lender’s gross negligence or willful misconduct when determining whether drafts and other documents
presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly
agree that:

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     (i) an Issuing Lender may accept documents that appear on their face to be in
substantial compliance with the terms of a Letter of Credit without responsibility for
further investigation, regardless of any notice or information to the contrary, and may make
payment upon presentation of documents that appear on their face to be in substantial
compliance with the terms of such Letter of Credit;

     (ii) an Issuing Lender shall have the right, in its sole discretion, to decline to
accept such documents and to make such payment if such documents are not in strict
compliance with the terms of such Letter of Credit; and

     (iii) this sentence shall establish the standard of care to be exercised by an Issuing
Lender when determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof (and the parties hereto hereby waive, to the extent
permitted by applicable law, any standard of care inconsistent with the foregoing).

          (h) Disbursement Procedures. The Issuing Lender for any Letter of Credit shall,
within a reasonable time following its receipt thereof, examine all documents purporting to
represent a demand for payment under any Letter of Credit. Such Issuing Lender shall promptly
after such examination notify the Administrative Agent and the relevant Borrower for whose account
such Letter of Credit was issued by telephone (confirmed by telecopy) of such demand for payment
and whether such Issuing Lender has made or will make an LC Disbursement thereunder;
provided that any failure to give or delay in giving such notice shall not relieve such
Borrower of its obligation to reimburse such Issuing Lender and the Revolving Credit Lenders with
respect to any such LC Disbursement.

          (i) Interim Interest. If the Issuing Lender for any Letter of Credit shall make any
LC Disbursement, then, unless the Borrowers shall reimburse such LC Disbursement in full on the
date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from
and including the date such LC Disbursement is made to but excluding the date that the Borrowers
reimburse such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans;
provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to
paragraph (f) of this Section, then Section 2.12(c) shall apply. Interest accrued pursuant
to this paragraph shall be for the account of such Issuing Lender, except that interest accrued on
and after the date of payment by any Revolving Credit Lender pursuant to paragraph (f) of this
Section to reimburse such Issuing Lender shall be for the account of such Revolving Credit Lender
to the extent of such payment.

          (j) Existing Letters of Credit. Any letter of credit that has been issued under the
Existing Credit Agreement by an Issuing Lender hereunder and that is designated as a “Letter of
Credit” hereunder by the Company in a notice substantially in the form of Exhibit H to the
Administrative Agent and such Issuing Lender on the Restatement Effective Date (each such
letter of credit being referred to herein as an “Existing Letter of Credit”) shall, on
the Restatement Effective Date, become a Letter of Credit of such Issuing Lender hereunder.

          (k) Cash Collateralization. If any Borrower shall be required to provide cover for LC
Exposure pursuant to paragraph (c) or (d) of Section 2.10, or the last paragraph of

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Article IX, such Borrower shall immediately deposit into a segregated collateral account or
accounts (collectively, the “Letter of Credit Collateral Account”) in the name and under
the dominion and control of the Administrative Agent cash in an amount in Dollars equal to the
amount required under said paragraphs of Section 2.10 or the last paragraph of Article
IX, as applicable. Such deposit shall be held by the Administrative Agent as collateral in the
first instance for the LC Exposure under this Agreement and, subject to the immediately following
paragraph, thereafter for the payment of the other Guaranteed Obligations, and for these purposes
each Borrower hereby grants a security interest to the Administrative Agent for the benefit of the
Lenders in such Letter of Credit Collateral Account and in any financial assets (as defined in the
Uniform Commercial Code) or other property held therein.

          Amounts deposited in the Letter of Credit Collateral Account by any Borrower pursuant to
paragraph (c) or (d) of Section 2.10 shall be retained by the Administrative Agent and (i)
in the case of amounts deposited pursuant to said paragraph (c), (x) applied to the payment of LC
Disbursements in respect of Letters of Credit as and when the same shall become due (applied
ratably to the respective amounts then due and payable to the respective Issuing Lenders) and (y)
when all Letters of Credit shall have been drawn in full or terminated or expired or the condition
set forth in said paragraph (c) ceases to exist, any balance therein shall be remitted to such
Borrower upon three Business Days’ prior request to the Administrative Agent and (ii) in the case
of amounts deposited pursuant to said paragraph (d), either (x) applied to the payment when due of
that portion of the LC Disbursements made by the respective Issuing Lenders in excess of the amount
thereof that the Revolving Credit Lenders are required to pay to the Issuing Lenders under
paragraph (e) of this Section in respect of drawings on Letters of Credit (applied to the
respective Issuing Lenders ratably in accordance with such excess amounts held by them) or (y)
remitted to such Borrower as and to the extent required by Section 2.10(d),
provided that, if any Event of Default shall occur and be continuing and the Lenders shall
request the provision of cover for outstanding Letters of Credit pursuant to the last paragraph of
Article IX, then the amounts deposited pursuant to paragraph (c) or (d) of Section
2.10 shall be deemed to have instead been deposited pursuant to the last paragraph of
Article IX.

          Amounts deposited in the Letter of Credit Collateral Account by any Borrower pursuant to the
last paragraph of Article IX shall be retained by the Administrative Agent until the
payment in full of all Guaranteed Obligations and shall be applied as follows: first, to
the payment of LC Disbursements in respect of Letters of Credit (applied to the LC Disbursements of
the respective Issuing Lenders ratably in accordance with the respective amounts thereof),
second, to the ratable payment of other Guaranteed Obligations that are then due and
payable and third, after the payment in full of all Guaranteed Obligations, any balance in
the Letter of Credit Collateral Account shall be remitted to such Borrower.

          SECTION 2.06. Funding of Revolving Credit and Incremental Loan Borrowings.

          (a) Funding by Lenders. Each Lender shall make each Revolving Credit Loan or
Incremental Loan to be made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative
Agent most recently designated by it for such purpose by notice to the Lenders; provided
that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent
will make such Loans available to the respective Borrower by promptly crediting the

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amounts so received, in like funds, to an account of such Borrower designated by such Borrower in the
applicable Borrowing Request; provided that Syndicated ABR Borrowings made to finance the
reimbursement of an LC Disbursement as provided in Section 2.05(f) shall be remitted by the
Administrative Agent to the respective Issuing Lender.

          (b) Presumption by Administrative Agent. Unless the Administrative Agent shall have
received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not
make available to the Administrative Agent such Lender’s share of such Borrowing, the
Administrative Agent may assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such assumption and in its
sole discretion, make available to the relevant Borrower a corresponding amount. In such event, if
a Lender has not in fact made its share of the applicable Borrowing available to the Administrative
Agent, then the applicable Lender and such Borrower severally agree to pay to the Administrative
Agent forthwith on demand such corresponding amount with interest thereon, for each day from and
including the date such amount is made available to such Borrower to but excluding the date of
payment to the Administrative Agent, at (i) in the case of such Lender, the Federal Funds Effective
Rate or (ii) in the case of such Borrower, the interest rate applicable to ABR Loans. If such
Lender pays such amount to the Administrative Agent, then such amount shall constitute such
Lender’s Loan included in such Borrowing.

          SECTION 2.07. Interest Elections.

          (a) Elections for Syndicated Borrowings. Subject to Section 2.03(d), the
Loans constituting each Syndicated Borrowing initially shall be of the Type specified in the
applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have the Interest
Period specified in such Borrowing Request. Thereafter, the respective Borrower may elect to
convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a
Borrowing of the same Type and, in the case of a Eurodollar Borrowing, may elect the Interest
Period therefor, all as provided in this Section; provided that (i) a Syndicated Borrowing
of a Class may only be continued or converted into a Syndicated Borrowing of the same Class and
(ii) no Eurodollar Borrowing of any Class may be continued if, after giving effect thereto, the
aggregate Revolving Credit Exposures or Incremental Loan Exposures of the relevant Class would
exceed the aggregate Commitments. The respective Borrower may elect different options with respect
to different portions of the affected Borrowing, in which case each such portion shall be allocated
ratably among the Lenders of the respective Class holding the Loans constituting such Borrowing,
and the Loans constituting each such portion shall be considered a separate Borrowing. This
Section shall not apply to Swingline Borrowings, which may not be converted or continued.

          (b) Notice of Elections. To make an election pursuant to this Section, a Borrower
shall notify the Administrative Agent of such election by telephone by the time that a Borrowing
Request would be required under Section 2.03 if such Borrower were requesting a Syndicated
Borrowing of the Type resulting from such election to be made on the effective date of such
election. Each such telephonic Interest Election Request shall be irrevocable and shall be
confirmed promptly (but no later than the close of business on the date of such request) by hand
delivery or telecopy or other electronic transmission to the Administrative Agent of a written

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Interest Election Request in a form approved by the Administrative Agent and signed by the relevant
Borrower.

          (c) Content of Interest Election Requests. Each telephonic and written Interest
Election Request shall specify the following information in compliance with Section 2.02:

     (i) the Borrowing (including the Class) to which such Interest Election Request applies
and, if different options are being elected with respect to different portions thereof, the
portions thereof to be allocated to each resulting Borrowing (in which case the information
to be specified pursuant to clauses (iii) and (iv) of this paragraph shall be specified for
each resulting Borrowing);

     (ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

     (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar
Borrowing; and

     (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period therefor
after giving effect to such election, which shall be a period contemplated by the definition
of the term “Interest Period” and permitted under Section 2.02(d).

          (d) Notification by Administrative Agent to Lenders. Promptly following receipt of an
Interest Election Request, the Administrative Agent shall advise each affected Lender of the
details thereof and of such Lender’s portion of each resulting Borrowing.

          (e) Failure to Elect; Events of Default. If the respective Borrower fails to deliver
a timely and complete Interest Election Request with respect to a Eurodollar Borrowing prior to the
end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at
the end of such Interest Period such Borrowing shall be converted to a Syndicated ABR Borrowing of
the same Class. Notwithstanding any contrary provision hereof, if an Event of Default has occurred
and is continuing and the Administrative Agent at the request of the Required Revolving Credit
Lenders (in the case of Revolving Credit Borrowings) or the Required Incremental Lenders for a
particular Series (in the case of Incremental Borrowings of such Series) so notifies such Borrower,
then, so long as an Event of Default is continuing no outstanding Eurodollar Borrowing may have an
Interest Period of more than one month’s duration.

          SECTION 2.08. Termination, Reduction and Increase of Revolving Credit Commitments.

          (a) Scheduled Termination and Reduction. Unless previously terminated, (i) the
Revolving Credit Commitments shall terminate at the close of business on the Commitment Termination
Date and (ii) the Incremental Loan Commitments of any Series shall terminate on the close of
business on the commitment termination date, and shall reduce on the dates and in the amounts (if
any), in each case specified in the agreement establishing such Series pursuant to Section
2.01(b).

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          (b) Voluntary Terminations and Reductions. The Borrowers may at any time terminate,
or from time to time reduce, the Commitments of any Class; provided that (i) each reduction
of the Commitments of such Class shall be in an amount that is at least equal to $10,000,000 or any
greater multiple of $5,000,000, (ii) the Borrowers shall not terminate or reduce the Revolving
Credit Commitments if, after giving effect to any concurrent prepayment of Revolving Credit Loans
(or cover for Letters of Credit by deposit by any Obligor to the Letter of Credit Collateral
Account) in accordance with the terms hereof, the total Revolving Credit Exposures would exceed the
total Revolving Credit Commitments and (iii) the Borrowers shall not terminate or reduce the
Incremental Loan Commitments of any Series if, after giving effect to any concurrent prepayment of
the Incremental Loans of such Series in accordance with Section 2.10, the total Incremental
Loan Exposures of such Series would exceed the total Incremental Loan Commitments of such Series.

          (c) Notification of Termination or Reduction. The Borrowers shall notify the
Administrative Agent of any election to terminate or reduce Commitments of any Class under
paragraph (b) of this Section at least three Business Days prior to the effective date of such
termination or reduction, specifying such election and the effective date thereof. Promptly
following receipt of any such notice, the Administrative Agent shall advise the affected Lenders of
the contents thereof. Each notice delivered by the Borrowers pursuant to this Section shall be
irrevocable; provided that a notice of termination of Commitments of a Class delivered by
the Borrowers may state that such notice is conditioned upon the issuance of securities or the
effectiveness of other credit facilities, in which case such notice may be revoked by the Borrowers
(by notice to the Administrative Agent on or prior to the specified effective date) if such
condition is not satisfied.

          (d) Effect of Termination or Reduction. Any termination or reduction of the
Commitments of a Class shall be permanent. Each reduction of the Commitments of a Class shall be
made ratably among the Lenders of such Class in accordance with their respective Commitments.

          (e) Increase of the Commitments.

     (i) Requests for Increase by Borrowers. The Borrowers may, at any time prior
to the Commitment Termination Date, propose that the Revolving Credit Commitments be
increased (each such proposed increase being a “Commitment Increase”) by notice to
the Administrative Agent, specifying each existing Revolving Credit Lender (each an
“Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Revolving Credit
Commitment and the date on which such increase is to be effective (the “Commitment
Increase Date”), which shall be a Business Day at least three Business Days after
delivery of such notice and 30 days prior to the Commitment Termination Date;
provided that:

     (A) the minimum amount of any such increase shall be $20,000,000 or a larger
multiple of $1,000,000, and the minimum amount of the Revolving Credit Commitment of
any Assuming Lender, and the minimum amount of the increase of the Revolving Credit
Commitment of any Increasing Lender, as part of such

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     Commitment Increase shall be $5,000,000 or a larger multiple of $1,000,000 in excess thereof;

     (B) immediately after giving effect to each Commitment Increase, the sum of the
Net Commitment Increase Amount plus the Net Incremental Increase Amount
plus the aggregate undrawn amount of all Secured LOCs shall not exceed
$225,000,000;

     (C) the Company shall have delivered to the Administrative Agent certificate of
the Company stating on such Commitment Increase Date that (i) no Default has
occurred and is continuing and (ii) the representations and warranties contained in
this Agreement are true and correct in all material respects as if made on and as of
such date (or, if any such representation or warranty is expressly stated to have
been made as of a specific date, as of such specific date); and

     (D) each Assuming Lender shall be acceptable to the Administrative Agent and
each Issuing Lender (who agree not to withhold acceptance unreasonably).

     (ii) Effectiveness of Commitment Increase. Each Assuming Lender, if any, shall
become a Revolving Credit Lender hereunder as of such Commitment Increase Date and the
Revolving Credit Commitment of any Increasing Lender and such Assuming Lender shall be
increased as of such Commitment Increase Date; provided that:

     (x) the Administrative Agent shall have received on or prior to 11:00
a.m., New York City time, on such Commitment Increase Date (or on or prior
to a time on an earlier date specified by the Administrative Agent) a
certificate of a duly authorized officer of the Company stating that each of
the applicable conditions to such Commitment Increase set forth in the
foregoing paragraph (i) has been satisfied; and

     (y) each Assuming Lender or Increasing Lender shall have delivered to
the Administrative Agent, on or prior to 11:00 a.m., New York City time on
such Commitment Increase Date (or on or prior to a time on an earlier date
specified by the Administrative Agent), an agreement, in form and substance
reasonably satisfactory to the Borrowers and the Administrative Agent,
pursuant to which such Lender shall, effective as of such Commitment
Increase Date, undertake a Revolving Credit Commitment or an increase of Revolving Credit Commitment duly
executed by such Assuming Lender and the Borrowers and acknowledged by the
Administrative Agent.

Promptly following satisfaction of such conditions, the Administrative Agent shall notify
the Revolving Credit Lenders (including any Assuming Lenders) thereof and of the occurrence
of the Commitment Increase Date by facsimile transmission or electronic messaging system.

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     (iii) Recordation into Register. Upon its receipt of an agreement referred to
in clause (ii)(y) above executed by an Assuming Lender or any Increasing Lender, together
with the certificate referred to in clause (ii)(x) above, the Administrative Agent shall, if
such agreement has been completed, (x) accept such agreement, (y) record the information
contained therein in the Register and (z) give prompt notice thereof to the Borrowers.

     (iv) Adjustments of Borrowings. On the Commitment Increase Date, the Borrowers
shall (A) prepay in full the outstanding Revolving Credit Loans (if any) made to them, (B)
simultaneously borrow new Revolving Credit Loans hereunder in an amount equal to such
prepayment and (C) pay to the Revolving Credit Lenders the amounts, if any, payable under
Section 2.15 as a result of any such prepayment; provided that with respect
to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any existing Lender
shall be effected by book entry to the extent that any portion of the amount prepaid to such
Lender will be subsequently borrowed from such Lender and (y) the existing Lenders, the
Increasing Lenders and the Assuming Lenders shall make and receive payments among
themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect
thereto, the Revolving Credit Borrowings are held ratably by the Revolving Credit Lenders in
accordance with the respective Revolving Credit Commitments of the Revolving Credit Lenders
(after giving effect to such Commitment Increase). Concurrently therewith, the Revolving
Credit Lenders shall be deemed to have adjusted their participation interests in any
outstanding Letters of Credit so that such interests are held ratably in accordance with
their Revolving Credit Commitments as so increased.

     SECTION 2.09. Repayment of Loans; Evidence of Debt.

          (a) Repayment. The Borrowers hereby unconditionally jointly and severally promise to
pay the Loans of each Class as follows:

     (i) to the Administrative Agent for account of the Revolving Credit Lenders, the
outstanding principal amount of the Syndicated Revolving Credit Loans on the Commitment
Termination Date;

     (ii) to the Swingline Lender, the then unpaid principal amount of each Swingline Loan
on the earlier of the Commitment Termination Date and the fifth Business Day after such
Swingline Loan is made; and

     (iii) to the Administrative Agent for account of the Incremental Lenders of any Series,
the outstanding principal amount of the Incremental Loans of such Series on the maturity
date for such Incremental Loans specified at the date such Incremental Loans are established
hereunder.

          (b) Manner of Payment. Prior to any repayment or prepayment of any Borrowings of any
Class hereunder, the respective Borrower shall select the Borrowing or Borrowings of such Class to
be paid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such
selection not later than 11:00 a.m., New York City time, three

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Business Days before the scheduled date of such repayment; provided that each repayment of Borrowings of a Class shall be
applied to repay any outstanding ABR Borrowings of such Class before any other Borrowings of such
Class. If the respective Borrower fails to make a timely selection of the Borrowing or Borrowings
to be repaid or prepaid, such payment shall be applied, first, to pay any outstanding ABR
Borrowings of the applicable Class and, second, to other Borrowings of such Class in the order of
the remaining duration of their respective Interest Periods (the Borrowing with the shortest
remaining Interest Period to be repaid first). Each payment of a Syndicated Borrowing shall be
applied ratably to the Loans included in such Borrowing.

          (c) Maintenance of Records by Lenders. Each Revolving Credit Lender and Incremental
Lender shall maintain in accordance with its usual practice records evidencing the indebtedness of
each Borrower to such Lender resulting from each Revolving Credit or Incremental Loan of any Series
made by such Lender, including the amounts of principal and interest payable and paid to such
Lender from time to time hereunder.

          (d) Maintenance of Records by the Administrative Agent. The Administrative Agent
shall maintain records in which it shall record (i) the relevant Borrower, amount of each Revolving
Credit Loan and Incremental Loan made hereunder, the Class and Type thereof and each Interest
Period therefor, (ii) the amount of any principal or interest due and payable or to become due and
payable from such Borrower to each Lender of such Class hereunder and (iii) the amount of any sum
received by the Administrative Agent hereunder for account of such Lenders and each such Lender’s
share thereof.

          (e) Effect of Entries. The entries made in the records maintained pursuant to
paragraph (c) or (d) of this Section shall be prima facie evidence, absent obvious
error, of the existence and amounts of the obligations recorded therein; provided that the
failure of any Revolving Credit Lender or Incremental Lender or the Administrative Agent to
maintain such records or any error therein shall not in any manner affect the obligation of a
Borrower to repay the Revolving Credit Loans or Incremental Loans made to it in accordance with the
terms of this Agreement.

          (f) Promissory Notes. Any Revolving Credit Lender or Incremental Lender may request
that Loans of any Class made by it be evidenced by a promissory note. In such event, each Borrower
shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if
requested by such Lender, to such Lender and its registered assigns) and in a form approved by the
Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon
shall at all times (including after assignment pursuant to Section 11.08) be represented by one or more promissory notes in such form
payable to the payee named therein (or, if such promissory note is a registered note, to such payee
and its registered assigns).

          SECTION 2.10. Prepayment of Loans.

          (a) Optional Prepayments. The Borrowers shall have the right at any time and from
time to time to prepay any Syndicated Loans or Swingline Loans in whole or in part,

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without premium or penalty, subject to prior notice in accordance with paragraph (e) of this Section 2.10.

          (b) Mandatory Prepayments — Casualty Events and Asset Sales. The Borrowers shall
make prepayments of the Revolving Credit Loans and Incremental Loans hereunder as follows (it being
understood that the Borrowers shall not be required to provide cover for LC Exposure as a result of
any such events):

     (i) Casualty Events. Upon the date 365 days following the receipt by a
Borrower or any of its Restricted Subsidiaries of the proceeds of insurance, condemnation
award or other compensation in respect of any Casualty Event affecting any property of such
Borrower or any of its Restricted Subsidiaries (or upon such earlier date as such Borrower
or such Restricted Subsidiary, as the case may be, shall have determined not to, directly or
through one or more of its Subsidiaries, repair or replace the property affected by such
Casualty Event or, directly or through one or more of its Subsidiaries, to apply the
proceeds of such Casualty Event to purchase other capital assets), such Borrower shall
prepay such Loans in an aggregate amount, if any, equal to 100% of the Net Cash Proceeds of
such Casualty Event not theretofore applied or committed to be applied, directly or through
one or more of its Subsidiaries, to the repair or replacement of such property or purchase
of other capital assets (it being understood that if Net Cash Proceeds committed to be
applied are not in fact applied within twelve months of the respective Casualty Event, then
such Proceeds shall be applied to the prepayment of Loans as provided in this clause (i) at
the expiration of such twelve-month period), such prepayment to be effected in each case in
the manner and to the extent specified in clause (iii) of this Section 2.10(b).

     (ii) Sale of Assets. Without limiting the obligation of the Borrowers to
obtain the consent of the Required Lenders to any Disposition not otherwise permitted
hereunder, each Borrower agrees, on or prior to the occurrence of any Disposition affecting
property of such Borrower or any of its Restricted Subsidiaries, to deliver to the
Administrative Agent a statement certified by a Financial Officer, in form and detail
reasonably satisfactory to the Administrative Agent, of the estimated amount of the Net Cash
Proceeds of such Disposition that will (on the date of such Disposition) be received by such
Borrower or any of its Restricted Subsidiaries in cash and, unless such Borrower or
Restricted Subsidiary shall elect to reinvest such Net Cash Proceeds as provided below, such
Borrower or any other Borrower (at such Borrower’s option) will prepay such Loans hereunder
as follows:

     (x) upon the date of such Disposition, in an aggregate amount equal to 100% of
such estimated amount of the Net Cash Proceeds of such Disposition, to the extent
received by such Borrower or any of its Restricted Subsidiaries in cash on the date
of such Disposition; and

     (y) thereafter, quarterly, on the date of the delivery by the Parent to the
Administrative Agent pursuant to Section 7.01 of the financial statements
for any quarterly fiscal period or fiscal year, to the extent such Borrower or any of its Restricted Subsidiaries shall receive Net Cash Proceeds during the quarterly
fiscal

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period ending on the date of such financial statements in cash under deferred
payment arrangements or Disposition Investments entered into or received in
connection with any Disposition, an amount equal to (A) 100% of the aggregate amount
of such Net Cash Proceeds minus (B) any transaction expenses associated with
Dispositions and not previously deducted in the determination of Net Cash Proceeds
plus (or minus, as the case may be) (C) any other adjustment
received or paid by such Borrower or any of its Restricted Subsidiaries pursuant to
the respective agreements giving rise to Dispositions and not previously taken into
account in the determination of the Net Cash Proceeds of Dispositions,
provided that, if prior to the date upon which such Borrower would otherwise
be required to make a prepayment under this clause (y) with respect to any quarterly
fiscal period, the aggregate amount of such Net Cash Proceeds (after giving effect
to the adjustments provided for in this clause (y)) shall exceed $25,000,000, then
such Borrower shall within three Business Days make a prepayment under this clause
(y) in an amount equal to such required prepayment.

Prepayments of Loans shall be effected in each case in the manner and to the extent
specified in clause (iii) of this Section 2.10(b).

     Notwithstanding the foregoing, a Borrower shall not be required to make a prepayment
pursuant to this Section 2.10(b)(ii) with respect to the Net Cash Proceeds from any
Disposition in the event that such Borrower advises the Administrative Agent at the time a
prepayment is required to be made under the foregoing clauses (x) or (y) that it or such
Restricted Subsidiary intends to reinvest, directly or through one of more of its
Subsidiaries, such Net Cash Proceeds into assets pursuant to one or more Capital
Expenditures or acquisitions of assets permitted hereunder, so long as the Net Cash Proceeds
from any Disposition by such Borrower or any of its Restricted Subsidiaries are in fact so
reinvested within twelve months of such Disposition (it being understood that, in the event
more than one Disposition shall occur during any twelve-month period, the Net Cash Proceeds
received in connection with such Dispositions shall be reinvested in the order in which such
Dispositions shall have occurred) and, accordingly, any such Net Cash Proceeds so held for
more than twelve months shall be forthwith applied to the prepayment of Loans as provided in
clause (iii) of this Section 2.10(b).

     (iii) Application. Upon the occurrence of any of the events described in the
above paragraphs of this Section 2.10(b), but subject to the last paragraph of
Section 11.05(a), the amount of the required prepayment shall be applied
first to the prepayment of any Swingline Loans and second to the prepayment
of any other Loans (including Incremental Loans), without reduction of the Revolving Credit Commitments or any
Incremental Loan Commitments.

          (c) Mandatory Prepayments — Outstandings Exceeding Commitments. The Borrowers will
prepay the Revolving Credit Loans (and/or provide cover for the LC Exposure as specified in
Section 2.05(k)) in the event that the aggregate amount of the Revolving Credit Exposure
shall at any time exceed the aggregate amount of the Revolving Credit Commitments for any reason
other than changes in exchange rates, and will prepay the Incremental Loans of any Series in the
event that the aggregate amount of the Incremental Loan Exposure of such

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Series shall at any time exceed the aggregate amount of the Incremental Loan Commitments of such Series for any such reason.

     (d) Mandatory Prepayments due to Changes in Exchange Rates.

     (i) Determination of Amount Outstanding. On each Monthly Date, on each
Revolving Discretionary Request Date (as defined below), on each date that a Borrower shall
request a Revolving Credit Borrowing or the issuance, amendment, renewal or extension of a
Letter of Credit and, in addition, promptly upon the receipt by the Administrative Agent of
a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the
aggregate Revolving Credit Exposure. For the purpose of this determination, the outstanding
face amount of any Letter of Credit that is denominated in any Foreign Currency shall be
deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Letter of
Credit, determined as of such Monthly Date, Revolving Discretionary Request Date, date of
such proposed Revolving Credit Borrowing, issuance, amendment, renewal or extension or, in
the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00
a.m., New York City time, on a Business Day, on such Business Day or, in the case of a
Currency Valuation Notice otherwise received, on the first Business Day after such Currency
Valuation Notice is received. Upon making such determination, the Administrative Agent
shall promptly notify the Revolving Credit Lenders and the Borrowers thereof.

     (ii) Prepayment and Cover. If, on the date of such determination (after giving
effect to any prior or substantially concurrent deposit made by the respective Borrower, at
its option, to the Letter of Credit Collateral Account) the aggregate Revolving Credit
Exposure exceeds the aggregate amount of the Revolving Credit Commitments as then in effect
(such excess, an “Excess”), the Borrowers shall, if requested by the Administrative
Agent (or, in the case of Revolving Credit Exposure, by any Issuing Lender), within three
Business Days following the Borrowers’ receipt of such request:

     (A) if any Revolving Credit Loans are outstanding, prepay all such Revolving
Credit Loans or such portion thereof as is sufficient to eliminate the Excess, and

     (B) if such prepayment is not sufficient to eliminate the Excess, provide cover
for LC Exposure pursuant to Section 2.05(k) in an amount sufficient to
eliminate the Excess.

For purposes hereof, “Currency Valuation Notice” means a notice given by the Required
Revolving Credit Lenders or any Issuing Lender to the Administrative Agent stating that such notice
is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the
aggregate Revolving Credit Exposure.

          Any prepayment of Loans constituting Revolving Credit Exposure pursuant to this paragraph
shall be applied, first, to Swingline Loans outstanding and second, to Syndicated
Revolving Credit Loans outstanding.

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          If as at any Monthly Date (or on up to two other dates during any calendar year requested by
the Company; any such date being herein called a “Revolving Discretionary Request Date”) it
shall be determined that the aggregate amount of Revolving Credit Exposure is less than the
Revolving Credit Commitments and any cover is at the time held by the Administrative Agent under
Section 2.05(k), the Administrative Agent shall, within three Business Days after request
therefor by the Company, remit such portion (or all) of such cover as will not result in the
aggregate Revolving Credit Exposure exceeding the Revolving Credit Commitments.

          (e) Notices, Etc. The Borrowers shall notify the Administrative Agent (and, in the
case of prepayment of a Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy)
of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than
11:00 a.m., New York City time, three Business Days before the date of prepayment, (ii) in the case
of prepayment of a Syndicated ABR Borrowing, not later than 11:00 a.m., New York City time, on the
date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00
noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and
shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be
prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount
of such prepayment; provided that, if a notice of prepayment is given in connection with a
conditional notice of termination of the Commitments of a Class as contemplated by Section
2.08, then such notice of prepayment may be revoked if such notice of termination is revoked in
accordance with Section 2.08. Promptly following receipt of any such notice relating to a
Borrowing, the Administrative Agent shall advise the affected Lenders of the contents thereof.
Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case
of a Borrowing of the same Type as provided in Section 2.02, except as necessary to apply
fully the required amount of a mandatory prepayment. Each prepayment of a Syndicated Borrowing of
a Class shall be applied ratably to the Loans of such Class included in the prepaid Borrowing.

          (f) Prepayments Accompanied by Interest. Prepayments shall be accompanied by accrued
interest to the extent required by Section 2.12.

          SECTION 2.11. Fees.

          (a) Commitment Fees. The Company agrees to pay to the Administrative Agent for the
account of each Lender a commitment fee (herein, the “Commitment Fee”) on the average daily
unused amount of the Commitment of such Lender during the period from and including the Restatement
Effective Date to but excluding the date on which such Revolving Credit Commitment terminates. The Commitment Fees shall accrue at a rate per annum equal to
the Applicable Margin for Commitment Fees, in the case of the Revolving Credit Commitments, or the
rate per annum agreed to between the Company and the applicable Incremental Lenders, in the case of
Incremental Loan Commitments of any Series. Accrued Commitment Fees on each Commitment shall be
payable on each Quarterly Date and on the date such Commitment terminates, commencing on the first
such date to occur after the Restatement Effective Date. All Commitment Fees shall be computed on
the basis of a year of 360 days and shall be payable for the actual number of days elapsed
(including the first day but excluding the last day). Solely for

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purposes of calculating the Commitment Fees, Swingline Loans shall not be deemed to be utilizations of the Revolving Credit
Commitments.

          (b) Letter of Credit Fees. Each Borrower agrees to pay with respect to Letters of
Credit outstanding hereunder that are issued for its account the following fees:

     (i) to the Administrative Agent for the account of each Revolving Credit Lender a
participation fee with respect to its participations in Letters of Credit, which shall
accrue (x) at a rate per annum equal to the Applicable Margin for Performance Letters of
Credit on the average daily amount of such Lender’s LC Exposure relating to Performance
Letters of Credit (excluding any portion thereof attributable to unreimbursed LC
Disbursements) and (y) at a rate per annum equal to the Applicable Margin for other Letters
of Credit on the average daily amount of such Lender’s LC Exposure relating to other Letters
of Credit (excluding any portion thereof attributable to unreimbursed LC Disbursements), in
each case during the period from and including the Restatement Effective Date to but
excluding the later of the date on which such Lender’s Revolving Credit Commitment
terminates and the date on which there shall no longer be any Letters of Credit outstanding
hereunder, and

     (ii) to the Issuing Lender of each Letter of Credit (x) a fronting fee, which shall
accrue at the rate per annum separately agreed upon between the Company and such Issuing
Lender on the average daily amount of the LC Exposure of such Issuing Lender (determined for
these purposes without giving effect to the participations therein of the Revolving Credit
Lenders pursuant to paragraph (e) of Section 2.05, and excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and including the
Restatement Effective Date to but excluding the later of the date of termination of the
Revolving Credit Commitments and the date on which there shall no longer be any Letters of
Credit of such Issuing Lender outstanding hereunder, and (y) such Issuing Lender’s standard
fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit
or processing of drawings thereunder.

Accrued participation fees and fronting fees shall be payable in arrears on each Quarterly Date and
on the date the Revolving Credit Commitments terminate, commencing on the first such date to occur
after the date hereof, provided that any such fees accruing after the date on which the
Revolving Credit Commitments terminate shall be payable on demand. Any other fees payable to an
Issuing Lender pursuant to this paragraph shall be payable within 10 days after demand. All
participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall
be payable for the actual number of days elapsed (including the first day but excluding the last
day).

          (c) Administrative Agency Fees. The Company agrees to pay to the Administrative
Agent, for its own account, fees payable in the amounts and at the times separately agreed in
writing between the Company and the Administrative Agent.

          (d) Payment of Fees. All fees payable hereunder shall be paid on the dates due, in
immediately available funds, to the Administrative Agent (except for fronting fees, which shall be
paid directly to the respective Issuing Lenders) for distribution to the Revolving Credit

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Credit Agreement

Lenders entitled thereto. Fees paid shall not be refundable under any circumstances, absent manifest error
in the determination thereof.

          SECTION 2.12. Interest.

          (a) ABR Loans. Loans constituting each ABR Borrowing shall bear interest at a rate
per annum equal to the Alternate Base Rate plus the Applicable Margin.

          (b) Eurodollar Loans. Loans constituting each Eurodollar Borrowing shall bear
interest at a rate per annum equal to the Adjusted LIBO Rate for the related Interest Period for
such Borrowing plus the Applicable Margin.

          (c) Default Interest. Notwithstanding the foregoing, if any principal of or interest
on any Loan or any fee or other amount payable by a Borrower hereunder is not paid when due,
whether at stated maturity, upon acceleration, by mandatory prepayment or otherwise, such overdue
amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in
the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such
Loan as provided above or (ii) in the case of any other amount, 2% plus the rate applicable
to ABR Loans as provided in paragraph (a) of this Section.

          (d) Payment of Interest. Accrued interest on each Loan shall be payable in arrears on
each Interest Payment Date for such Loan and upon termination of the related Commitments;
provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a
prepayment of a Syndicated ABR Loan prior to the Commitment Termination Date), accrued interest on
the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment
and (iii) in the event of any conversion of any Eurodollar Borrowing prior to the end of the
Interest Period therefor, accrued interest on such Borrowing shall be payable on the effective date
of such conversion.

          (e) Computation. All interest hereunder shall be computed on the basis of a year of
360 days, except that interest computed by reference to the Alternate Base Rate at times when the
Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days
(or 366 days in a leap year), and in each case shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate
or Adjusted LIBO Rate shall be determined by the Administrative Agent, and such determination shall
be conclusive absent manifest error.

          SECTION 2.13. Alternate Rate of Interest. If prior to the commencement of the
Interest Period for any Eurodollar Borrowing of a Class:

     (a) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining the
Adjusted LIBO Rate for such Interest Period; or

     (b) the Administrative Agent is advised by the Required Revolving Credit Lenders (if
such Borrowing is a Revolving Credit Borrowing) or the Required Incremental Lenders of the
relevant Series (if such Borrowing is an Incremental

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Borrowing) that the Adjusted LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders of
making or maintaining their respective Loans included in such Borrowing for such Interest
Period;

then the Administrative Agent shall give notice thereof to the affected Borrower and the affected
Lenders by telephone or telecopy as promptly as practicable thereafter and, until the
Administrative Agent notifies such Borrower and such Lenders that the circumstances giving rise to
such notice no longer exist, (i) any Interest Election Request that requests the conversion of any
Borrowing to, or the continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective
and such Borrowing (unless prepaid) shall be continued as, or converted to, an ABR Borrowing and
(ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an
ABR Borrowing; provided that, in the case of clause (b) above: (x) at the request of the
affected Borrower, the Required Revolving Credit Lenders or the Required Incremental Lenders of
such Series, as the case may be, shall propose an increased Applicable Margin for Borrowings of
such Class that would result in the Adjusted LIBO Rate plus the amount of such increase
adequately and fairly reflecting the cost to such Lenders of making or maintaining their respective
Loans included in such Borrowing for such Interest Period and (y) if such Borrower accepts such
increase, then such increase shall become effective during such Interest Period in lieu of the
consequences described in the preceding clause (x) during such Interest Period.

          SECTION 2.14. Increased Costs.

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

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

     (ii) impose on any Lender or any Issuing Lender or the London interbank market any
other condition affecting this Agreement or Eurodollar Loans made by such Lender or any
Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to
increase the cost to such Lender or such Issuing Lender of participating in, issuing or maintaining
any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or
such Issuing Lender hereunder (whether of principal, interest or otherwise), then the relevant
Borrower will pay to such Lender or such Issuing Lender, as the case may be, such additional amount
or amounts as will compensate such Lender or such Issuing Lender, as the case may be, for such
additional costs incurred or reduction suffered.

          (b) Capital Requirements. If any Lender or any Issuing Lender determines that any
Change in Law regarding capital requirements has or would have the effect of reducing the rate of
return on such Lender’s or such Issuing Lender’s capital or on the capital of such Lender’s or such
Issuing Lender’s holding company, if any, as a consequence of this Agreement

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or the Loans made by, or participations in Swingline Loans and Letters of Credit held by, such Lender, or the Letters of
Credit issued by such Issuing Lender, to a level deemed to be material by such Lender or such
Issuing Lender below that which such Lender or such Issuing Lender or such Lender’s or such Issuing
Lender’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s or such Issuing Lender’s policies and the policies of such Lender’s or such Issuing
Lender’s holding company with respect to capital adequacy), then from time to time the Borrowers
will pay to such Lender or such Issuing Lender, as the case may be such additional amount or
amounts as will compensate such Lender or such Issuing Lender or such Lender’s or such Issuing
Lender’s holding company for any such reduction suffered.

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

          (d) Delay in Requests. Failure or delay on the part of any Lender or any Issuing
Lender to demand compensation pursuant to this Section shall not constitute a waiver of such
Lender’s or such Issuing Lender’s right to demand such compensation; provided that no
Borrower shall be required to compensate a Lender or an Issuing Lender pursuant to this Section for
any increased costs or reductions incurred more than six months prior to the date that such Lender
or such Issuing Lender, as the case may be, notifies the Company of the Change in Law giving rise
to such increased costs or reductions and of such Lender’s or such Issuing Lender’s intention to
claim compensation therefor; provided further that, if the Change in Law giving
rise to such increased costs or reductions is retroactive, then the six-month period referred to
above shall be extended to include the period of retroactive effect thereof.

          (e) Taxes. This Section 2.14 shall not apply to increased costs with respect
to Taxes with respect to payments by or on account of any obligation of any Borrower hereunder or
under any other Loan Document, which shall be governed solely by Section 11.04.

          SECTION 2.15. Break Funding Payments. In the event of (a) the payment of any
principal of any Eurodollar Loan other than on the last day of an Interest Period therefor
(including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of an Interest Period
therefor, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date
specified in any notice delivered pursuant hereto (regardless of whether such notice is permitted
to be revocable under Section 2.10(e) and is revoked in accordance herewith), or (d) the
assignment as a result of a request by the Borrowers pursuant to Section 2.17 of any
Eurodollar Loan other than on the last day of an Interest Period therefor, then, in any such event,
the respective Borrowers shall compensate each Revolving Credit Lender or Incremental Lender, as
applicable, for the loss, cost and expense attributable to such event.

          The loss to any Lender attributable to any such event shall be deemed to include an amount
determined by such Lender to be equal to the excess, if any, of (i) the amount of

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interest that such Lender would pay for a deposit equal to the principal amount of such Loan for the period from
the date of such payment, conversion, failure or assignment to the last day of the then current
Interest Period for such Loan (or, in the case of a failure to borrow, convert or continue, the
duration of the Interest Period that would have resulted from such borrowing, conversion or
continuation) if the interest rate payable on such deposit were equal to the Adjusted LIBO Rate for
such Interest Period, over (ii) the amount of interest that such Lender would earn on such
principal amount for such period if such Lender were to invest such principal amount for such
period at the interest rate that would be bid by such Lender (or an affiliate of such Lender) for
deposits from other banks in the eurocurrency market at the commencement of such period.

          Payment under this Section shall be made upon request of a Lender delivered not later than
five Business Days following the payment, conversion, or failure to borrow, convert, continue or
prepay that gives rise to a claim under this Section accompanied by a certificate of such Lender
setting forth the amount or amounts that such Lender is entitled to receive pursuant to this
Section, which certificate shall be conclusive absent manifest error. The respective Borrower
shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt
thereof.

          SECTION 2.16. Insufficient Funds; Ratable Treatment; Sharing of Payments.

          (a) Application of Insufficient Payments. If at any time insufficient funds are
received by and available to the Administrative Agent to pay fully all amounts of principal,
interest and fees in respect of Loans, Letters of Credit or unreimbursed LC Disbursements then due
hereunder, such funds shall be applied (i) first, to pay interest and fees then due
hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest
and fees then due to such parties, and (ii) second, to pay principal and unreimbursed LC
Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of principal and unreimbursed LC Disbursements then due to such parties.

          (b) Ratable Treatment. Except to the extent otherwise provided herein: (i) each
Syndicated Borrowing of a Class shall be made from the Lenders of such Class, each payment of
commitment fees under Section 2.11 shall be made for account of the Lenders of the
applicable Class, and each termination or reduction of the amount of the Commitments of a Class
under Section 2.08 shall be applied to the respective Commitments of the Lenders of such
Class, pro rata according to the amounts of their respective Commitments of such Class; (ii) each
Syndicated Borrowing of a Class shall be allocated pro rata among the Lenders of such Class
according to the amounts of their respective Commitments of such Class (in the case of the making
of Syndicated Loans) or their respective Loans of such Class that are to be included in such
Borrowing (in the case of conversions and continuations of Loans); (iii) each payment or prepayment
of principal of Syndicated Loans of a Class by a Borrower shall be made for account of the Lenders
of such Class pro rata in accordance with the respective unpaid principal amounts of the Syndicated
Loans of such Class held by them; and (iv) each payment of interest on Syndicated Loans of a Class
by a Borrower shall be made for account of the Lenders of such Class pro rata in accordance with
the amounts of interest on such Loans of such Class then due and payable to the respective Lenders.

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          (c) Sharing of Payments by Lenders. If any Lender of any Class shall, by exercising
any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or
interest on any of its Syndicated Loans, or participations in LC Disbursements, of such Class
resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its
Syndicated Loans, and participations in LC Disbursements, and accrued interest thereon of such
Class then due than the proportion received by any other Lender of such Class, then the Lender
receiving such greater proportion shall purchase (for cash at face value) participations in the
Syndicated Loans, and participations in LC Disbursements of other Lenders of such Class to the
extent necessary so that the benefit of all such payments shall be shared by the Lenders of such
Class ratably in accordance with the aggregate amount of principal of and accrued interest on their
respective Syndicated Loans, and participations in LC Disbursements, of such Class;
provided that (i) if any such participations are purchased and all or any portion of the
payment giving rise thereto is recovered, such participations shall be rescinded and the purchase
price restored to the extent of such recovery, without interest, and (ii) the provisions of this
paragraph shall not be construed to apply to any payment made by a Borrower pursuant to and in
accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements to any assignee or participant, other than to a Borrower or any
Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each
Obligor consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against such Obligor rights of set-off and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of such Obligor in the amount of
such participation.

          (d) Presumptions of Payment. Unless the Administrative Agent shall have received
notice from a Borrower prior to the date on which any payment or prepayment is due to the
Administrative Agent for account of any Lender hereunder that such Borrower will not make such
payment or prepayment, the Administrative Agent may assume that such Borrower has made such payment
or prepayment, as the case may be, on such date in accordance herewith and may, in reliance upon
such assumption and in its sole discretion, distribute to such Lender the amount due. In such
event, if such Borrower has not in fact made such payment or prepayment, then such Lender shall
repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with
interest thereon, for each day from and including the date such amount is distributed to it to but
excluding the date of payment to the Administrative Agent, at the Federal Funds Effective Rate.

          (e) Certain Deductions by the Administrative Agent. If any Lender shall fail to make
any payment required to be made by it pursuant to Section 2.04(c), 2.05(e),
2.06(b), 2.16(d) or 11.03(c), then the Administrative Agent may, in its
discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received
by the Administrative Agent for account of such Lender to satisfy such Lender’s obligations under
such Sections until all such unsatisfied obligations are fully paid.

          SECTION 2.17. Replacement of Lenders. If any Lender requests compensation under
Section 2.14, or if any Borrower is required to pay any additional amount to any Lender or
any Governmental Authority for account of any Lender pursuant to Section 11.04, or if any

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Lender becomes a Defaulting Lender, or if any Lender does not consent to a proposed amendment,
modification or waiver of this Agreement or any other Loan Document requested by the Borrowers
which has been approved by the Required Lenders but which requires the consent of such Lender (or
such Lender and other Lenders) to become effective, then the Company may, at its sole expense (and
without any obligation on the Administrative Agent or any Lender to co-operate or assist in any way
in locating an assignee), upon notice to such Lender and the Administrative Agent, require such
Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions
contained in Section 11.08), all its interests, rights and obligations under this Agreement
to an assignee that shall assume such obligations (which assignee may be another Lender, if a
Lender accepts such assignment); provided that

     (i) the Company shall have received the prior consent of the Administrative Agent (and,
if a Revolving Credit Commitment is being assigned, the Issuing Lenders and the Swingline
Lender), which consents shall not unreasonably be withheld,

     (ii) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans (and funded participations in LC Disbursements and Swingline Loans),
as applicable, accrued interest thereon, accrued fees and all other amounts payable to it
hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Company (in the case of all other amounts) and

     (iii) in the case of any such assignment resulting from a claim for compensation under
Section 2.14 or payments required to be made pursuant to Section 11.04, such
assignment will result in a reduction in such compensation or payments; provided,
however, the assignor hereunder shall not be liable to the Administrative Agent for
any assignment fee provided in Section 11.08(b)(ii)(C).

          In connection with any such replacement, if the replaced Lender does not execute and deliver
to the Administrative Agent a duly completed Assignment and Assumption reflecting such replacement
within five Business Days of the date on which the replacement Lender executes and delivers such
Assignment and Assumption to the replaced Lender, then such replaced Lender shall be deemed to have
executed and delivered such Assignment and Assumption. A Lender shall not be required to make any
such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Company to require such assignment and delegation cease
to apply.

          SECTION 2.18. Defeasance of Letters of Credit. The Borrowers may, upon not less than
three Business Days’ prior notice to the Administrative Agent stating that it is exercising its
rights under this Section 2.18 (which shall promptly notify all of the Lenders), take the
following actions (each of which shall be effected concurrently):

     (a) terminate all of the Commitments in accordance with Section 2.08(b),

     (b) pay or prepay in accordance with Section 2.10(a) the principal of and
interest on all Loans and pay all LC Disbursements, fees and other amounts outstanding
hereunder and under the other Loan Documents, and

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     (c) provide to each Issuing Lender either or both (or a combination of both) of (i)
cash collateral for the Borrowers’ reimbursement obligations for each Letter of Credit
issued by such Issuing Lender then outstanding in amount equal to 101% of (and in the same
currency as) the undrawn amount of such Letter of Credit, under arrangements satisfactory to
such Issuing Lender or (ii) a letter of credit issued to such Issuing Lender covering the
Borrowers’ reimbursement obligations for each Letter of Credit issued by such Issuing Lender
then outstanding in amount equal to the sum of 101% of (and in the same currency as) the
undrawn amount of such Letter of Credit together with an additional letter of credit issued
to such Issuing Lender in an amount equal to the letter of credit fees under Section
2.11(b) that will accrue (at the highest Applicable Margin) for the period from the date
of the issuance of such letter of credit to the date of scheduled expiration of such Letter
of Credit (taking into account extensions), the form and issuer of each such letter of
credit to be satisfactory to such Issuing Lender.

Upon each of such actions being taken, (x) the obligations of the Revolving Credit Lenders under
Section 2.05(e) shall terminate and (y) the obligations of the Borrowers under Section
2.11(a) and 2.11(b)(i) shall terminate.

ARTICLE III

DEFAULTING LENDERS

          Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, then the following provisions shall apply on the date such Lender becomes a
Defaulting Lender and for so long as such Lender is a Defaulting Lender:

     (a) Commitment Fees pursuant to Section 2.11(a) shall cease to accrue on the
unfunded portion of the Commitment of such Defaulting Lender;

     (b) the Commitment, Revolving Credit Exposure and Incremental Loan Exposure of such
Defaulting Lender shall not be included in any calculation of “Required Lenders,” “Required
Revolving Credit Lenders” or “Required Incremental Lenders” for purposes of determining
whether the Required Lenders, the Required Revolving Credit Lenders or the Required
Incremental Lenders have taken or may take any action hereunder (including any consent to
any amendment, waiver or other modification pursuant to Section 11.02); provided, that this clause (b) shall not
apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other
modification requiring the consent of such Lender or each Lender affected or directly
affected thereby;

     (c) if such Lender is a Revolving Credit Lender and any Swingline Exposure or LC
Exposure exists at the time such Lender becomes a Defaulting Lender then:

     (i) all or any part of the Swingline Exposure and LC Exposure of such
Defaulting Lender shall be reallocated among the Revolving Credit Lenders that are
not Defaulting Lenders in accordance with their respective Applicable Percentages
but only to the extent the sum of all such non-Defaulting Lenders’

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Revolving Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure does not
exceed the total of all such non-Defaulting Lenders’ Revolving Credit Commitments;

     (ii) if the reallocation described in clause (i) above cannot, or can only
partially, be effected, the Borrowers shall within three Business Days following
notice by the Administrative Agent (x) first, prepay such Swingline Exposure and (y)
second, cash collateralize for the benefit of one or more of the Issuing Lenders
only the Borrowers’ obligations corresponding to such Defaulting Lender’s LC
Exposure (after giving effect to any partial reallocation pursuant to clause (i)
above) in accordance with the procedures set forth in Section 2.05(k) for so
long as such LC Exposure of such Defaulting Lender is outstanding (or if shorter,
for so long as such Defaulting Lender remains a Defaulting Lender);

     (iii) if any Borrower cash collateralizes any portion of such Defaulting
Lender’s LC Exposure pursuant to clause (ii) above, the Borrowers shall not be
required to pay any fees to such Defaulting Lender pursuant to Section
2.11(b);

     (iv) if the LC Exposure of Defaulting Lenders is reallocated pursuant to clause
(i) above, then the fees payable to the non-Defaulting Lenders pursuant to
Section 2.11(a) and (b) shall be adjusted in accordance with such
non-Defaulting Lenders’ Applicable Percentages; and

     (v) if all or any portion of such Defaulting Lender’s LC Exposure is neither
reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then,
without prejudice to any rights or remedies of any Issuing Lender or any other
Lender hereunder, all Letter of Credit fees payable under Section 2.11(b)
with respect to such Defaulting Lender’s LC Exposure shall be payable to the
respective Issuing Lenders until and to the extent that such LC Exposure is
reallocated and/or cash collateralized; and

     (d) so long as such Lender is a Defaulting Lender, the Swingline Lender shall not be
required to fund any Swingline Loan and no Issuing Lender shall be required to issue, amend
or increase any Letter of Credit, unless the Swingline Lender or such Issuing Lender, as
applicable, is reasonably satisfied that the Defaulting Lender’s then outstanding Swingline
Exposure or LC Exposure, as applicable, will be 100% covered by the Revolving Credit Commitments of the Revolving Credit Lenders that are not
Defaulting Lenders and/or cash collateral will be provided by the Borrowers in accordance
with paragraph (c) of this Article III, and participating interests in any newly
made Swingline Loan or any newly issued, amended or increased Letter of Credit shall be
allocated among non-Defaulting Lenders in a manner consistent with paragraph (b) of this
Article III (and such Defaulting Lender shall not participate therein).

          In the event that the Administrative Agent and the Company (and, in the case of a Defaulting
Lender that is a Revolving Credit Lender, the Swingline Lender and the Issuing Lenders) each
reasonably agrees that a Defaulting Lender has adequately remedied all matters that caused such
Lender to be a Defaulting Lender (or if such Defaulting Lender has been

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replaced pursuant to Section 2.17), then (i), as applicable, the Swingline Exposure and LC Exposure of the
Lenders shall be readjusted to reflect the inclusion of such Defaulting Lender’s (or replacement
Lender’s) applicable Commitment and on such date such Defaulting Lender (or replacement Lender)
shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the
Administrative Agent shall determine may be necessary in order for such Defaulting Lender (or
replacement Lender) to hold such Loans of the applicable Class in accordance with its Applicable
Percentage for such Class and (ii) all cash collateral provided under paragraph (c) of this
Article III with respect to such Defaulting Lender shall be immediately released to the
Borrowers.

ARTICLE IV

GUARANTEE BY GUARANTORS

          SECTION 4.01. The Guarantee. Each Guarantor hereby jointly and severally guarantees
to each Credit Party, each Eligible Hedging Counterparty and each Eligible Cash Manager, and their
respective successors and assigns, the prompt payment in full when due (whether at stated maturity,
by acceleration, by prepayment or otherwise) of the Guaranteed Obligations of such Guarantor. Each
Guarantor hereby further agrees that if any other Obligor shall fail to pay in full when due
(whether at stated maturity, by acceleration, by prepayment or otherwise) any of such Guarantor’s
Guaranteed Obligations, such Guarantor will promptly pay the same, without any demand or notice
whatsoever, and that in the case of any extension of time of payment or renewal of any of such
Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended
maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.

          For purposes hereof, it is understood that any Guaranteed Obligations to a Person arising
under a Hedging Agreement or constituting Cash Management Obligations entered into at the time such
Person (or an Affiliate thereof) is a Lender shall nevertheless continue to constitute Guaranteed
Obligations for purposes hereof, notwithstanding that such Person (or its Affiliate) may have
assigned all of its Loans and other interests hereunder and, therefore, at the time a claim is to
be made in respect of such Guaranteed Obligations, such Person (or its Affiliate) is no longer a
Lender party hereto; provided that such Person shall not be entitled to the benefits of
this Section unless, at the time it ceased to be a Lender, it shall have notified the
Administrative Agent of the existence of such Hedging Agreement or Cash Management Obligations, as the case
may be.

          SECTION 4.02. Obligations Unconditional. The obligations of each Guarantor under
Section 4.01 are absolute, unconditional and irrevocable irrespective of the value,
genuineness, validity, regularity or enforceability of this Agreement, the other Loan Documents or
any other agreement or instrument referred to herein or therein, or any substitution, release or
exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, to the
fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever that
might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, it
being the intent of this Section 4.02 that the obligations of the Guarantors hereunder
shall be absolute, unconditional and irrevocable under any and all circumstances. Without limiting
the generality of the foregoing, it is agreed that the occurrence of any one or more of the
following

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shall not alter or impair the liability of the Guarantors hereunder which shall remain
absolute, unconditional and irrevocable as described above:

     (i) at any time or from time to time, without notice to such Guarantors, the time for
any performance of or compliance with any of its Guaranteed Obligations shall be extended,
or such performance or compliance shall be waived;

     (ii) any of the acts mentioned in any of the provisions hereof or of the other Loan
Documents or any other agreement or instrument referred to herein or therein shall be done
or omitted;

     (iii) the maturity of any of the Guaranteed Obligations shall be accelerated, or any of
the Guaranteed Obligations shall be modified, supplemented or amended in any respect, or any
right hereunder or under the other Loan Documents or any other agreement or instrument
referred to herein or therein shall be waived or any other guarantee of any of the
Guaranteed Obligations or any security therefor shall be released or exchanged in whole or
in part or otherwise dealt with;

     (iv) any law or regulation of any jurisdiction or any other event affecting any term of
a Guaranteed Obligation; or

     (v) any lien or security interest granted to, or in favor of, the Administrative Agent,
any Issuing Lender or any Lender or Lenders as security for any of the Guaranteed
Obligations shall fail to be perfected.

          The Guarantors hereby expressly waive diligence, presentment, demand of payment, protest and
all notices whatsoever, and any requirement that the Administrative Agent, any Issuing Lender or
any Lender (or Affiliate thereof) exhaust any right, power or remedy or proceed against the
respective Borrower hereunder or under the other Loan Documents or any other agreement or
instrument referred to herein or therein, or against any other Person under any other guarantee of,
or security for, any of the Guaranteed Obligations.

          It is acknowledged and agreed that references in this Section 4.02 to the obligations
of the Guarantors under this Article IV being irrevocable are subject to any and all
provisions of the Loan Documents that expressly provide for the release or termination of such
obligations.

          SECTION 4.03. Reinstatement. The obligations of each Guarantor under this
Article IV shall be automatically reinstated if and to the extent that for any reason any
payment by or on behalf of a Borrower in respect of its Guaranteed Obligations is rescinded or must
be otherwise restored by any holder of any of the Guaranteed Obligations, whether as a result of
any proceedings in bankruptcy or reorganization or otherwise, and each of the Guarantors agrees
that it will indemnify the Administrative Agent, each Issuing Lender and each Lender (and each
Affiliate thereof part to any Hedging Agreement) on demand for all reasonable costs and expenses
(including fees of counsel) incurred by the Administrative Agent, any Lender (or Affiliate) or any
Issuing Lender in connection with such rescission or restoration, including any such costs and
expenses incurred in defending against any claim alleging that such payment

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constituted a preference, fraudulent transfer or similar payment under any bankruptcy,
insolvency or similar law.

          SECTION 4.04. Subrogation. Until the payment of all Guaranteed Obligations, and the
termination of all Commitments, each Guarantor hereby waives all rights of subrogation or
contribution, whether arising by contract or operation of law (including, without limitation, any
such right arising under the Federal Bankruptcy Code of 1978, as amended) or otherwise by reason of
any payment by it pursuant to the provisions of this Article IV and further agrees with
each Borrower for the benefit of each of its creditors (including, without limitation, each Issuing
Lender, each Lender, each Affiliate thereof and the Administrative Agent) that any such payment by
it shall constitute a contribution of capital by such Guarantor to such Borrower.

          SECTION 4.05. Remedies. Each Guarantor agrees that, as between such Guarantor and
the Lenders, the obligations of the respective Borrower hereunder may be declared to be forthwith
due and payable as provided in Article IX or Section 2.05(i), as applicable (and
shall be deemed to have become automatically due and payable in the circumstances provided in
Article IX or Section 2.05(k), as applicable) for purposes of Section 4.01
notwithstanding any stay, injunction or other prohibition preventing such declaration (or such
obligations from becoming automatically due and payable) as against such Borrower and that, in the
event of such declaration (or such obligations being deemed to have become automatically due and
payable), such obligations (whether or not due and payable by such Borrower) shall forthwith become
due and payable by such Guarantor for purposes of Section 4.01.

          SECTION 4.06. Instrument for the Payment of Money. Each Guarantor hereby
acknowledges that the guarantee in this Article IV constitutes an instrument for the
payment of money, and consents and agrees that any Issuing Lender, any Lender (and any Affiliate
thereof party to any Hedging Agreement) or the Administrative Agent, at its sole option, in the
event of a dispute by the Guarantors in the payment of any moneys due hereunder, shall have the
right to bring motion-action under New York CPLR Section 3213.

          SECTION 4.07. Continuing Guarantee. The guarantee in this Article IV is a
continuing guarantee, and shall apply to all Guaranteed Obligations whenever arising.

          SECTION 4.08. Rights of Contribution. The Guarantors (which, for purposes of this
Section 4.08 only shall be deemed to exclude the Parent, FWL and Holdco) hereby agree, as
between themselves, that if any Guarantor shall become an Excess Funding Guarantor (as defined
below) by reason of the payment by such Guarantor of any Guaranteed Obligations, each other
Guarantor shall, on demand of such Excess Funding Guarantor (but subject to the next sentence), pay
to such Excess
Funding Guarantor an amount equal to such Guarantor’s Pro Rata Share (as defined below and
determined, for this purpose, without reference to the properties, debts and liabilities of such
Excess Funding Guarantor) of the Excess Payment (as defined below) in respect of such Guaranteed
Obligations. The payment obligation of a Guarantor to any Excess Funding Guarantor under this
Section shall be subordinate and subject in right of payment to the prior payment in full of the
obligations of such Guarantor under the other provisions of this Article IV and such Excess
Funding Guarantor shall not exercise any right or

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remedy with respect to such excess until payment
and satisfaction in full of all of such obligations.

          For purposes of this Section 4.08, (i) “Excess Funding Guarantor” means, in
respect of any Guaranteed Obligations, a Guarantor that has paid an amount in excess of its Pro
Rata Share of such Guaranteed Obligations, (ii) “Excess Payment” means, in respect of any
Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata
Share of such Guaranteed Obligations and (iii) “Pro Rata Share” means, for any Guarantor,
the ratio (expressed as a percentage) of (x) the amount by which the aggregate present fair
saleable value of all properties of such Guarantor (excluding any Equity Interests in any other
Guarantor) exceeds the amount of all the debts and liabilities of such Guarantor (including
contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of
such Guarantor hereunder and any obligations of any other Guarantor that have been Guaranteed by
such Guarantor) to (y) the amount by which the aggregate fair saleable value of all properties of
all of the Guarantors exceeds the amount of all the debts and liabilities (including contingent,
subordinated, unmatured and unliquidated liabilities, but excluding the obligations of the
Guarantors hereunder and under the other Loan Documents) of all of the Guarantors, determined (A)
with respect to any Guarantor that is a party hereto on the Restatement Effective Date, as of the
Restatement Effective Date and (B) with respect to any other Guarantor, as of the date such
Guarantor becomes a Guarantor hereunder.

          SECTION 4.09. Limitation on Guarantee Obligations.

          (a) General Limitation. In any action or proceeding involving any state corporate
law, or any state or Federal bankruptcy, insolvency, reorganization or other law affecting the
rights of creditors generally, if the obligations of any Subsidiary Guarantor or Borrower under
Section 4.01 would otherwise, taking into account the provisions of Section 4.08,
be held or determined to be void, invalid or unenforceable, or subordinated to the claims of any
other creditors, on account of the amount of its liability under Section 4.01, then,
notwithstanding any other provision hereof to the contrary, the amount of such liability shall,
without any further action by such Subsidiary Guarantor or Borrower, any Lender, the Administrative
Agent or any other Person, be automatically limited and reduced to the highest amount that is valid
and enforceable and not subordinated to the claims of other creditors as determined in such action
or proceeding.

          (b) Limitation Applicable to Luxembourg Guarantors. Anything in this Agreement or the
other Loan Documents to the contrary notwithstanding, the maximum liability under Section
4.01 of any Subsidiary Guarantor organized under the laws of the Grand Duchy of Luxembourg
(each a “Luxembourg Guarantor”) shall be limited at any time to an amount not exceeding the
maximum financial capacity at such time of such Luxembourg Guarantor, such maximum financial
capacity being equal to 85% of the Net Assets of the Luxembourg
Guarantor, where “Net Assets” shall be deemed to be equal to such Luxembourg
Guarantor’s shareholder’s equity (including share capital, share premium, legal and statutory
reserves, other reserves, profits or losses carried forward, investment subsidies and regulated
provisions) (Capitaux Propres) as calculated on the basis of such Luxembourg Guarantor’s most
recent financial statements (Comptes Annuels), approved by such Luxembourg Guarantor’s managers

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or
shareholders’ meeting in accordance with Luxembourg company law, certified by the statutory
auditors and available at the date of the relevant payment obligation hereunder.

          SECTION 4.10. Parallel Debt.

          (a) Agreement to Create Parallel Debt. For purposes of (x) creating a Lien in the
Collateral in or subject to the laws of any jurisdiction (each being herein called a “Relevant
Jurisdiction”), such as Luxembourg, that only permits Liens to be granted to the Administrative
Agent to secure obligations directly held by the Administrative Agent and (y) ensuring the
continued validity of any such Lien, the Administrative Agent and each of the Obligors that is
either organized in a Relevant Jurisdiction or that is granting Liens on the Equity Interests of a
Restricted Subsidiary that is organized in a Relevant Jurisdiction (herein a “Relevant
Obligor”), and each Lender (on behalf of itself, each of the Hedging Counterparties and each of
the Lender Affiliates), agrees notwithstanding anything to the contrary contained in this Agreement
or any other Loan Document or instrument as follows.

          (b) Definitions. For the purposes of this Section:

          “Hedging Counterparty” means any Eligible Hedging Counterparty that may at any time be
a creditor with respect of any Guaranteed Obligation.

          “Lender Affiliate” means any affiliate of a Lender that may at any time be a creditor
with respect of any Guaranteed Obligation.

          “Principal Obligation” means any obligation to pay an amount to the Lenders, Hedging
Counterparties or Lender Affiliates, or any one or more of them, whether present or future under or
in connection with any Loan Document, Hedging Agreement or other instrument referred to in the
definition of Guaranteed Obligations.

          “Parallel Debt” has the meaning assigned to such term in paragraph (c) below.

          (c) Creation of Parallel Debt. Each of the Relevant Obligors hereby irrevocably and
unconditionally undertakes to pay to the Administrative Agent an amount equal to the aggregate
amount payable by such Relevant Obligor in respect of its Principal Obligations as they may exist
from time to time. The payment undertaking of each Relevant Obligor to the Administrative Agent
under this paragraph (c) is hereinafter to be referred to as a “Parallel Debt”.

          (d) Due and Payable. Each Parallel Debt of a Relevant Obligor will become due and
payable as and when one or more of the Principal Obligations of such Relevant Obligor become due
and payable. Each Parallel Debt will be payable in the Currency or Currencies of the relevant
Principal Obligations.

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          (e) Separate and Independent Undertaking, Obligation and Claim. Each of the parties
to this Agreement (including but not limited to each Lender on behalf of itself, each of the
Hedging Counterparties and each of the Lender Affiliates) hereby acknowledges
that:

     (i) each Parallel Debt constitutes an undertaking, obligation and liability of the
Relevant Obligor to the Administrative Agent which is separate and independent from, and
without prejudice to, the Principal Obligations; and

     (ii) each Parallel Debt represents the Administrative Agent’s own separate and
independent claim to receive payment of such Parallel Debt from the Relevant Obligor,

it being understood, in each case, that pursuant to paragraph (c) above the amount which may become
payable by a Relevant Obligor as its Parallel Debt shall never exceed the total of the amounts
which are payable under the Principal Obligations of such Relevant Obligor.

          (f) Received Parallel Debt Amounts. Upon receipt by the Administrative Agent of any
amount in payment of the Parallel Debt of a Relevant Obligor (“Received Amount”), the
Principal Obligations of such Relevant Obligor to the relevant Lender, Hedging Counterparty or
Lender Aaffiliate shall be reduced by amounts totaling an amount (“Deductible Amount”)
equal to the Received Amount in the same manner as if the Deductible Amount were received as a
payment of the Principal Obligations on the date of receipt by the Administrative Agent of the
Received Amount. To the extent the Administrative Agent receives any amount in payment of the
Parallel Debt of a Relevant Obligor, the Administrative Agent shall distribute such amount among
the Lenders, Hedging Counterparties and Lender Affiliates who are creditors of the Principal
Obligations of such Relevant Obligor in accordance with the applicable provisions of this Agreement
and the other Loan Documents.

          (g) Role of Administrative Agent. For purposes of this Section, the Administrative
Agent acts in its own name and not as trustee or agent of any of the Lenders, the Hedging
Counterparties or the Lender Affiliates and its claims in respect of the Parallel Debt shall not be
held in trust. The Liens granted by the Relevant Obligors to the Administrative Agent under the
Security Documents to secure the obligations under the Parallel Debt is granted to the
Administrative Agent in its capacity as a direct creditor in respect of the Parallel Debt, and not
as a trustee or agent for the Lenders, the Hedging Counterparties or the Lender Affiliates.
Nothing in this Section shall in any way limit the right of the Administrative Agent to act in
protection or preservation of, the rights under, or to enforce any Security Document as
contemplated by this Agreement or any other Loan Document.

ARTICLE V

REPRESENTATIONS AND WARRANTIES

          Each Obligor represents and warrants to the Lenders and the Administrative Agent, as to itself
and each of its Subsidiaries (or, as applicable, each of its Restricted Subsidiaries), that:

          SECTION 5.01. Organization; Powers. Each Obligor and each of its Restricted Subsidiaries is duly organized, incorporated or
formed, validly existing and in good standing (or

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its equivalent, if applicable) under the laws of
the jurisdiction of its organization, except in each case (other than in the case of the existence
of each Obligor and each of its Significant Subsidiaries) where the failure to do so (individually
or in the aggregate) would not reasonably be expected to have a Material Adverse Effect. Each
Obligor and each of its Restricted Subsidiaries has all requisite power and authority under its
organizational or constitutional documents to carry on its business as now conducted and, except
where the failure to do so, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect, is qualified to do business in, and is in good standing (or
its equivalent, if applicable) in, every jurisdiction where such qualification is required.

          SECTION 5.02. Authorization; Enforceability. The Transactions are within the
corporate or other power of each Obligor and have been duly authorized by all necessary corporate
or other action (including, if required, equityholder action) on the part of such Obligor. This
Agreement has been duly executed and delivered by each Obligor and constitutes a legal, valid and
binding obligation of such Obligor, enforceable in accordance with its terms, subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law.

          SECTION 5.03. Governmental Approvals; No Conflicts. The Transactions (a) do not
require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority or any other Person (other than the filing or recording of the Liens to be
created pursuant to the Security Documents), (b) will not violate any applicable law, policy or
regulation or the charter, by-laws or other organizational or constitutional documents of any
Obligor or any order of any Governmental Authority, (c) will not violate or result in a default in
any material respect under any indenture, agreement or other instrument binding upon any Obligor,
or any of its assets, or give rise to a right thereunder to require any payment to be made by any
Obligor, and (d) except for the Liens created by the Security Documents, will not result in the
creation or imposition of any Lien on any asset of the Obligors.

          SECTION 5.04. Financial Condition; No Material Adverse Change. The Company has
heretofore delivered to the Lenders the following financial statements:

     (i) the audited consolidated balance sheet, statements of operations, changes in equity
and cash flows of the Parent and its consolidated Subsidiaries as of and for the fiscal year
ended December 30, 2009, reported on by PricewaterhouseCoopers LLP, independent public
accountants; and

     (ii) the Interim Financial Statements.

          Such financial statements present fairly, in all material respects, the respective
consolidated financial condition of the respective entities as at said respective dates and the
consolidated results of their operations for the fiscal periods ended on said respective dates, all
in
accordance with generally accepted accounting principles and practices applied on a consistent
basis, subject, in the case of unaudited financial statements, to the absence of footnotes and
year-end audit adjustments. None of said entities had on the date of said annual financial
statements any material contingent liabilities, liabilities for taxes, unusual forward or long-term

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commitments or unrealized or anticipated losses from any unfavorable commitments that are required
by GAAP to be disclosed in such financial statements or the footnotes thereto that are not
disclosed therein. Since December 30, 2009, there has been no material adverse change (or any
event, development or circumstance that, individually or in the aggregate, would reasonably be
expected to result in a material adverse change) in the business, assets, operations or condition,
financial or otherwise, of the Parent and its Subsidiaries taken as a whole.

          SECTION 5.05. Properties.

          (a) Properties Generally. Each Obligor and each of its Restricted Subsidiaries has
good title to, or valid leasehold interests in, all its real and personal property material to its
business, except for (i) defects in title that do not interfere in any material respect with its
ability to conduct its business as currently conducted or to utilize such properties for their
intended purposes and (ii) Liens permitted under Section 8.02.

          (b) Intellectual Property. Each Obligor and each of its Restricted Subsidiaries owns,
or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual
property material to its business, and the use thereof by such Obligor and its Restricted
Subsidiaries does not infringe upon the rights of any other Person, except for any such
infringements that, individually or in the aggregate, would not reasonably be expected to result in
a Material Adverse Effect.

          SECTION 5.06. Litigation and Environmental Matters.

          (a) Litigation. There are no actions, suits or proceedings by or before any
arbitrator or Governmental Authority pending against or, to the knowledge of any of the Obligors,
threatened against or affecting the Obligors or any of their Restricted Subsidiaries that would
reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect
(other than the Disclosed Matters).

          (b) Environmental Matters. Except for the Disclosed Matters and except with respect
to any other matters that, individually or in the aggregate, would not reasonably be expected to
result in a Material Adverse Effect, no (i) Group Member 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) Group Member has become subject to any Environmental
Liability or (iii) Group Member has received notice of any claim with respect to any Environmental
Liability or any inquiry, allegation, notice or other communication from any Governmental Authority
concerning its compliance with any Environmental Law.

          (c) No Default. No Default has occurred and is continuing.

          SECTION 5.07. Compliance with Laws and Agreements. Each Obligor and each of its Restricted Subsidiaries is in compliance with all laws (other
than, subject to Section 5.06, Environmental Matters), regulations, policies and orders of
any Governmental Authority applicable to it or its property and all indentures, agreements and
other instruments binding upon it or its property, except where the failure to do so, individually
or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

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          SECTION 5.08. Investment Company Status. No Obligor nor any of their respective
subsidiaries is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940, as amended.

          SECTION 5.09. Taxes. Each of the Obligors and their respective Subsidiaries has
timely filed or caused to be filed all material Tax returns and reports required to have been filed
and has paid or caused to be paid all material Taxes required to have been paid by it, except (a)
Taxes that are being contested in good faith by appropriate proceedings and for which such Obligor
or Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with
GAAP or (b) to the extent that the failure to do so would not reasonably be expected to result in a
Material Adverse Effect.

          SECTION 5.10. ERISA. No ERISA Event has occurred or is reasonably expected to occur
that, when taken together with all other such ERISA Events for which liability is reasonably
expected to occur, could reasonably be expected to result in a Material Adverse Effect. There has
been no failure to make any required contribution to any Plan that has resulted in a Lien arising
under Section 302 of ERISA or Section 412 of the Code.

          SECTION 5.11. Disclosure. The information, reports, financial statements, exhibits
and schedules furnished in writing by or on behalf of the Obligors to the Administrative Agent or
any Lender in connection with the negotiation, preparation or delivery of this Agreement and the
other Loan Documents (including, without limitation, the information other than projections or
forward-looking statements set forth in the Confidential Information Memorandum) or delivered
pursuant hereto or thereto, when taken as a whole, do not contain any untrue statement of material
fact or omit to state any material fact necessary to make the statements herein or therein, in
light of the circumstances under which they were made, not misleading. All written information
(other than projections or forward-looking statements) furnished after the date hereof by each
Obligor and its Subsidiaries to the Administrative Agent and the Lenders in connection with this
Agreement and the other Loan Documents and the transactions contemplated hereby and thereby will be
true and accurate in every material respect, on the date as of which such information is stated or
certified.

          SECTION 5.12. Labor Matters. No Obligor nor any of its Restricted Subsidiaries is
engaged in any unfair labor practice that has had or would (individually or together with other
similar unfair labor practices) reasonably be expected to have a Material Adverse Effect. There is
(i) no unfair labor practice complaint, or comparable proceeding under applicable legislation in
any other jurisdiction,
pending or (to the knowledge of any Obligor) threatened against any Obligor or any of its
Restricted Subsidiaries before the National Labor Relations Board, or comparable governmental board
in any other jurisdiction, and no grievance or arbitration proceeding arising out of or under any
collective bargaining agreement is so pending or (to the knowledge of any Obligor) threatened
against any Obligor or any of its Restricted Subsidiaries, (ii) no strike, labor dispute, slowdown
or stoppage pending or (to the knowledge of any Obligor) threatened against any Obligor or any of
its Restricted Subsidiaries and (iii) no union representation question existing with respect to the
employees of any Obligor or any of its Restricted Subsidiaries and no union organizing activities
are taking place, except with respect to any matter specified in clause (i), (ii) or (iii) above,
either individually or in the aggregate, such as has not had and would not reasonably be expected
to have a Material Adverse Effect.

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          SECTION 5.13. Subsidiaries, Etc.

          (a) Subsidiaries. Set forth in Schedule 5.13 is a complete and correct list
of all of the Subsidiaries of the Obligors as of the date hereof together with, for each such
Subsidiary as of the date hereof, (i) the jurisdiction of organization, incorporation or formation
of such Subsidiary, (ii) each Person holding ownership interests in such Subsidiary, (iii)
identifying whether or not such Subsidiary is a Restricted Subsidiary and (iv) the nature of the
ownership interests held by each such Person and the percentage of ownership of such Subsidiary
represented by such ownership interests.

          (b) Project Entities. The Persons identified on Schedule 5.13 as Project
Entities, and their respective Subsidiaries, were formed or acquired for the primary purpose of
constructing, acquiring, owning, leasing and/or operating any sites, facilities, projects or any
agreements related thereto.

          SECTION 5.14. Perfection and Priority of Liens. Except for Liens expressly permitted
by Section 8.02, at all times after the execution of the Security Documents, the Security
Documents create (or will, within applicable periods prescribed by law, create), in favor of the
Administrative Agent for the benefit of the Secured Parties under and as defined in the Security
Agreement, as security for the obligations purported to be secured thereby, a legal, valid,
enforceable and perfected (or its equivalent under the laws of any applicable jurisdiction)
security interest in all of the Collateral (excluding (i) any portion thereof not giving rise to an
Event of Default under paragraph (l) of Article IX and (ii) any security interests in any
Collateral not required to be perfected hereunder or under the Security Documents), in each case
(except in the case of Liens expressly permitted by Sections 8.02(b), (c),
(d), (e), (f), (g) and (h)) superior to and prior to all
other Liens.

          SECTION 5.15. Real Property. As of the date hereof and except for the Perryville
Fee-Owned Property, no Obligor owns any fee interest in any real property having a fair market
value in excess of $3,000,000.

          SECTION 5.16. Margin Stock. No Group Member is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose, whether immediate,
incidental or ultimate, of
buying or carrying Margin Stock, and no part of the proceeds of any extension of credit
hereunder will be used to buy or carry any Margin Stock.

          SECTION 5.17. Commercial Activity; Absence of Immunity. Each Obligor organized
outside of the United States of America is subject to civil and commercial law with respect to its
respective Obligations under this Agreement and the other Loan Documents. The execution, delivery
and performance by each such Obligor of this Agreement and the other Loan Documents constitute
private and commercial acts rather than public or governmental acts.

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ARTICLE VI

CONDITIONS

          SECTION 6.01. Effectiveness. This Agreement shall not be effective until the date
(the “Restatement Effective Date”) that the following conditions precedent are satisfied
(or waived in accordance with Section 11.02):

     (a) Counterparts of Agreement. The Administrative Agent (or Special Counsel)
shall have received counterparts of the following documents signed by the following parties
or written evidence satisfactory to the Administrative Agent (which may include telecopy
transmission or other electronic transmission of a signed signature page) that the following
parties have signed counterparts of the following documents: (i) from the Obligors, this
Agreement and (ii) from the Borrowers and the Persons that will be the initial Lenders
hereunder, Lender Addenda providing for Revolving Credit Commitments in the aggregate amount
of $450,000,000.

     (b) Opinion of Counsel to Obligors. The Administrative Agent (or Special
Counsel) shall have received a favorable written opinion (addressed to the Administrative
Agent and the Lenders and dated the Restatement Effective Date) of (i) Latham & Watkins LLP,
special New York counsel to the Obligors, substantially in the form of Exhibit B-1,
(ii) the Deputy General Counsel of the Company, substantially in the form of Exhibit
B-2 and (iii) local law counsel to any Foreign Subsidiary that is an Obligor, in form
and substance satisfactory to the Administrative Agent (and each Obligor hereby requests
such counsels to deliver such opinions).

     (c) Opinion of Special Counsel. The Administrative Agent shall have received a
favorable written legal opinion (addressed to the Administrative Agent and the Lenders and
dated the Restatement Effective Date) of Special Counsel, substantially in the form of
Exhibit C (and the Administrative Agent hereby requests Special Counsel to deliver
such opinion).

     (d) Corporate and Similar Matters. The Administrative Agent (or Special
Counsel) shall have received such documents and certificates as the Administrative Agent or
Special Counsel may reasonably request relating to the organization, incorporation or
formation, existence and good standing (or its equivalent, if applicable,
under the laws of any relevant jurisdiction) of each Obligor, the authorization of the
Transactions and any other legal matters relating to the Obligors, this Agreement, the other
Loan Documents or the Transactions, all in form and substance reasonably satisfactory to the
Administrative Agent and Special Counsel.

     (e) Officer’s Certificate. The Administrative Agent (or Special Counsel) shall
have received a certificate, dated the Restatement Effective Date and signed by the
President or a Vice President of the Parent, or a Financial Officer, to the effect that the
representations and warranties set forth in Article V are true and correct on the
Restatement Effective Date (or, if any such representation or warranty is expressly stated

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to have been made as of a specific date, such representation or warranty shall be true and
correct as of such specific date).

     (f) Notes. The Administrative Agent (or Special Counsel) shall have received
for each Lender that shall have requested a promissory note, a duly completed and executed
promissory note for such Lender.

     (g) Lien Search Results. The Administrative Agent shall have received the
results of a recent lien search in each jurisdiction reasonably requested by the
Administrative Agent with respect to each of the Obligors (to the extent obtainable in such
jurisdiction), and such search results shall not reveal Liens on any of the assets of any
Obligor except for Liens permitted hereunder or Liens to be discharged on or prior to the
Restatement Effective Date pursuant to documentation reasonably satisfactory to the
Administrative Agent. The determination of the reasonableness of any such request by the
Administrative Agent shall include the cost of complying with such request and the benefit
sought to be obtained therefrom, and the Administrative Agent shall consult with the Company
before incurring any material cost for any such search.

     (h) Interim Financial Statements. The Administrative Agent shall have received
the Interim Financial Statements.

     (i) Process Agent Acceptance. The Administrative Agent shall have received
evidence of the acceptance by the Person appointed by certain of the Obligors pursuant to
Section 11.13(d) to act as agent for service of process.

     (j) Ratings. Both S&P and Moody’s shall have issued Ratings that are in effect
on the Restatement Effective Date.

     (k) Security Documents; Title Insurance; Legal Opinions. The Administrative
Agent (or Special Counsel) shall have received from the Obligors the mortgages, security
agreement, pledge agreements, control agreements and other Security Documents, or amendments
thereto, described in Schedule 6.01, in each case in form reasonably satisfactory to
the Administrative Agent, and each Obligor shall have taken such action (or made
arrangements for the same reasonably satisfactory to the Administrative Agent) as shall be
necessary for such Security Documents to create in favor of the Administrative Agent valid,
perfected (to the extent required in the respective Security Documents), enforceable, first
priority Liens in favor of the Administrative Agent for the
benefit of the Lenders on the property of the Obligors intended to be covered thereby.
In addition, to the extent set forth in said Schedule 6.01, the Administrative Agent
shall have received (i) down date endorsements to the existing title insurance (or other
evidence reasonably satisfactory to the Administrative Agent) with respect to any mortgage
modification to any mortgage covering real property in the United States of America which
endorsements shall (x) insure that the priority of the Liens evidenced by, or the continuing
priority of the Lien of a mortgage as security for, such Indebtedness, as the case may be,
has not changed and (y) confirm and/or insure that (A) since the immediately prior
incurrence of such Indebtedness, or additional Indebtedness, as the case may be, there has
been no change in the condition of title and (B) there are no

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intervening Liens which may
then or thereafter take priority over the Lien of a mortgage, other than liens permitted by
Section 8.02 (without adding any additional exclusions or exceptions to coverage)
and (ii) opinions of counsel in the respective foreign jurisdictions under the laws of which
such Security Documents are executed, in each case in form and scope reasonably satisfactory
to the Administrative Agent.

     (l) Approvals. All material governmental and third-party approvals required
or, in the reasonable discretion of the Administrative Agent, advisable in connection with
the financing contemplated hereby shall have been obtained and be in full force and effect.

     (m) Solvency Certificate. The Administrative Agent shall have received from a
Financial Officer a certificate substantially in the form of Exhibit G hereto.

     (n) Patriot Act Compliance. The Administrative Agent shall have received all
documentation and other information required by regulatory authorities under applicable
“know your customer” and anti-money laundering rules and regulations, including without
limitation the USA PATRIOT Act referred to in Section 11.19.

     (o) No Change in Corporate Structure. There shall have been no change in the
corporate, capital or ownership structure and shareholders’ agreements of the Obligors since
May 26, 2010, other than such changes previously disclosed to the Administrative Agent by
the Company, and such other changes reasonably satisfactory to the Administrative Agent, and
all such changes, taken as a whole, that are not materially adverse to the Lenders.

     (p) Insurance. The Administrative Agent shall have received certificates of
insurance evidencing the existence of all such insurance and the designation of the
Administrative Agent as the loss payee, as the case may be, thereunder to the extent
required by Section 7.05, such certificates to be in such form and contain such
information as is specified in Section 7.05.

     (q) Repayment of Indebtedness under Existing Credit Agreement. The Borrowers
shall have paid or repaid in full the principal of and interest on all of the “Loans”
outstanding under (and as defined in) the Existing Credit Agreement and all other amounts
owing by the Obligors thereunder (other than in respect of any Existing Letters of Credit)
and under the “Loan Documents” (as defined therein), and the
“Synthetic LC Lenders” (as defined therein) shall have received the return of their
respective “Synthetic LC Credit-Linked Deposit Accounts” (as defined therein) from the
“Administrative Agent” under and as defined in the Existing Credit Agreement and all accrued
and unpaid interest thereon.

     (r) Fees and Expenses. The Administrative Agent shall have received all fees
and other amounts due and payable on or prior to the Restatement Effective Date, including
fees payable for the account of each Lender and, to the extent invoiced, reimbursement or
payment of all out-of-pocket expenses required to be reimbursed or paid by the Company
hereunder.

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          If requested by the Company, the Administrative Agent shall notify the Company and the Lenders
of the Restatement Effective Date, and such notice shall be conclusive and binding.
Notwithstanding the foregoing, the Restatement Effective Date shall not occur unless such
notification is given by the Administrative Agent at or prior to 5:00 p.m., New York City time, on
September 29, 2010.

          SECTION 6.02. Each Extension of Credit. The obligation of each Lender to make a Loan
on the occasion of any Borrowing to be made at any time on or after the Restatement Effective Date,
and of an Issuing Lender to issue, amend, renew or extend any Letter of Credit at any time on or
after the Restatement Effective Date, is subject to the satisfaction of the following conditions:

     (a) Representations and Warranties. The representations and warranties of each
Obligor set forth in this Agreement and the other Loan Documents shall be true and correct
in all material respects on and as of the date of such Borrowing, or (as applicable) the
date of issuance, amendment, renewal or extension of such Letter of Credit, both before and
after giving effect thereto and to the use of the proceeds thereof (or, if any such
representation or warranty is expressly stated to have been made as of a specific date, such
representation or warranty shall be true and correct as of such specific date).

     (b) No Defaults. At the time of and immediately after giving effect to such
Borrowing, or (as applicable) the date of issuance, amendment, renewal or extension of such
Letter of Credit, no Default shall have occurred and be continuing.

Each Borrowing Request, or request for issuance, amendment, renewal or extension of a Letter of
Credit, shall be deemed to constitute a representation and warranty by the Company (both as of the
date of such Borrowing Request, or request for issuance, amendment, renewal or extension of a
Letter of Credit, and as of the date of the related Borrowing or issuance, amendment, renewal or
extension of a Letter of Credit) as to the matters specified in paragraphs (a) and (b) of this
Section.

ARTICLE VII

AFFIRMATIVE COVENANTS

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated or shall have been Defeased and all LC Disbursements outstanding
at such time shall have been reimbursed, each Obligor covenants and agrees with the Lenders that:

          SECTION 7.01. Financial Statements and Other Information. The Parent will furnish to
the Administrative Agent for delivery to the Lenders:

          (a) as soon as available, but in any event no later than the later of (x) 90 days after
the end of each fiscal year of the Parent and (y) the second Business Day after the

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date the
financial statements for the Parent and its Subsidiaries referred to in clause (i) below are
required to be filed with the Securities and Exchange Commission:

     (i) consolidated statements of operations and cash flows of the Parent and its
Subsidiaries for such fiscal year and the related consolidated balance sheets of the
Parent and its Subsidiaries as at the end of such fiscal year, setting forth in each
case in comparative form the corresponding consolidated figures for the preceding
fiscal year,

     (ii) an opinion of independent certified public accountants of recognized
national standing (without a “going concern” or like qualification or exception and
without any qualification or exception as to the scope of such audit) to the effect
that said consolidated financial statements referred to in the preceding clause (i)
fairly present in all material respects the consolidated financial condition and
results of operations of the Parent and its Subsidiaries as at the end of, and for,
such fiscal year in accordance with generally accepted accounting principles, and

     (iii) a statement of adjustments necessary to exclude the effect of that
portion of the components of EBITDA, Indebtedness and interest attributable to
Project Entities from the foregoing financial statements, certified by a Financial
Officer;

     (b) as soon as available, but in any event no later than the later of (x) 50 days after
the end of each of the first three fiscal quarters of the Parent and (y) the second Business
Day after the date the financial statements for the Parent and its Subsidiaries referred to
in clause (i) below are required to be filed with the Securities and Exchange Commission:

     (i) consolidated statements of operations, changes in equity and cash flows of
the Parent and its Subsidiaries for the period from the beginning of the respective
fiscal year to the end of such period, and the related consolidated balance sheets
of the Parent and its Subsidiaries as at the end of such period,
setting forth in each case in comparative form the corresponding consolidated
figures for the corresponding period in the preceding fiscal year (except that, in
the case of balance sheets, such comparison shall be to the last day of the prior
fiscal year),

     (ii) a certification made on behalf of the Parent by a Financial Officer to the
effect that such financial statements fairly present in all material respects the
financial condition, results of operations and cash flows of the Parent and its
Subsidiaries on a consolidated basis as of and for the periods presented in
accordance with GAAP consistently applied, subject to year-end audit adjustments and
the absence of footnotes, and

     (iii) a statement of adjustments necessary to exclude the effect of that
portion of the components of EBITDA, Indebtedness and interest attributable to

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Project Entities from the foregoing financial statements, certified by a Financial
Officer;

     (c) concurrently with any delivery of financial statements under clause (a) or (b)
above, a certificate of a Financial Officer (i) stating, to the best of his or her personal
knowledge, information and belief after due inquiry, whether a Default has occurred and, if
a Default known to him or her has occurred, specifying the details thereof and any action
taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed
calculations demonstrating compliance with Sections 8.01, 8.02,
8.04, 8.05, 8.06, 8.07 and 8.09, (iii) setting forth
a calculation, in form and detail reasonably satisfactory to the Administrative Agent, of
any pro forma adjustments to EBITDA and Interest Expense described in the last paragraphs of
the definitions of such terms in Section 1.01 and (iv) stating whether any material
change in GAAP or in the application thereof has occurred since the date of the audited
financial statements referred to in Section 5.04 and, if any such change has
occurred, specifying the effect of such change on the financial statements accompanying such
certificate;

     (d) notification promptly after the filing of all registration statements, regular
periodic reports and press releases filed by the Parent or any of its Subsidiaries with the
Securities and Exchange Commission, or any Governmental Authority succeeding to any or all
of the functions of said Commission, or with any national securities exchange;

     (e) notification promptly upon the mailing of all financial statements, reports and
proxy statements so mailed to the shareholders of the Parent generally; and

     (f) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of any Group Member, or compliance with
the terms of this Agreement, as the Administrative Agent or any Lender (through the
Administrative Agent) may reasonably request; provided, that the Group Members will
not be required to deliver confidential information consisting of trade secrets or other
proprietary or competitively sensitive information not constituting financial information.

          SECTION 7.02. Notices of Material Events. The Parent will furnish to the
Administrative Agent for delivery to the Lenders prompt written notice of the following:

     (a) the occurrence of any Default known to a Financial Officer;

     (b) the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Parent or any Affiliate
thereof that, in the reasonable judgment of a Financial Officer, has a reasonable likelihood
of being adversely determined and which, if adversely determined, would reasonably be
expected to result in a Material Adverse Effect; and

     (c) any other development that has resulted in, or in the good faith judgment of a
Financial Officer would reasonably be expected to result in, a Material Adverse Effect.

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Each notice delivered under this Section 7.02 shall be accompanied by a statement of a
Financial Officer describing in reasonable detail (to the extent known to such officer after due
inquiry) of the event or development requiring such notice and any action taken or proposed to be
taken with respect thereto.

          SECTION 7.03. Existence; Conduct of Business. The Parent will, and will cause each
of its Restricted Subsidiaries to, do or cause to be done all things necessary to preserve, renew
and keep in full force and effect its legal existence and the rights, licenses, permits, privileges
and franchises material to the conduct and continuation of its business, except where the failure
to do so, individually or in the aggregate would not reasonably be expected to have a Material
Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation,
amalgamation, liquidation, winding up or dissolution permitted under Section 8.04.

          SECTION 7.04. Payment of Obligations. The Parent will, and will cause each of its
Restricted Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid
before the same shall become delinquent or in default, would reasonably be expected to result in a
Material Adverse Effect, except where (a) the validity or amount thereof is being contested in good
faith by appropriate proceedings, (b) the Parent or such Subsidiary has set aside on its books
adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment
pending such contest would not reasonably be expected to result in a Material Adverse Effect.

          SECTION 7.05. Maintenance of Properties; Insurance. The Parent will, and will cause
each of its Restricted Subsidiaries to, keep and maintain all property material to the conduct of
its business in good working order and condition, ordinary wear and tear excepted, and except where
the failure to do so would not reasonably be expected to have a Material Adverse Effect excepted.
In addition, the Parent will, and will cause each of its Restricted Subsidiaries to:

     (a) maintain with financially sound and reputable insurers, insurance on all real and
personal property in at least such amounts and against at least such risks as are
usually insured against by companies of established reputation engaged in the same or
similar business and owning similar assets as the Parent or such Restricted Subsidiary (such
companies being herein called “Similar Companies”), except where such risks are
covered by self insurance, so long as the amount of such self insurance and the risks
covered thereby are consistent with that maintained by Similar Companies; and

     (b) cause all such property damage policies, to the extent maintained for the benefit
of any Obligor, to be endorsed or otherwise amended to include a “standard” lender’s loss
payable endorsement, in form and substance reasonably satisfactory to the Administrative
Agent.

          SECTION 7.06. Books and Records; Inspection Rights. The Parent will, and will cause
each of its Restricted Subsidiaries to, keep proper books of record and account in which full, true
and correct entries are made of all dealings and transactions in relation to its business and
activities. The Parent will, and will cause each of its Restricted Subsidiaries to, permit any

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representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice,
to visit and inspect its properties, to examine and make extracts from its books and records, and
to discuss its affairs, finances and condition with its officers and independent accountants, all
at such reasonable times and as often as reasonably requested; provided that the Parent
shall not be required to disclose any trade secrets or any other confidential, proprietary
information relating to the Parent or any of its Subsidiaries and respective businesses. If such
visit and inspection occurs at a time when no Default has occurred and is continuing, such visit
and inspection by the Administrative Agent or any Lender shall be coordinated through the
Administrative Agent and shall be limited to one visit and one inspection during any consecutive
twelve-month period.

          SECTION 7.07. Governmental Approvals. Each Obligor agrees that it will promptly
obtain from time to time at its own expense all such governmental licenses, authorizations,
consents, permits and approvals as may be required (a) for this Agreement and each other Loan
Document to which such Obligor is a party to be a valid and enforceable obligation of such Obligor
and (b) to maintain the existence, priority and perfection (or its equivalent under the laws of any
applicable jurisdiction) of the Liens purported to be created under the Security Documents to which
such Obligor is a party.

          SECTION 7.08. Compliance with Laws. The Parent will, and will cause each of its
Restricted Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental
Authority (including Environmental Laws) applicable to it or its property, except where the failure
to do so, individually or in the aggregate, would not reasonably be expected to result in a
Material Adverse Effect.

          SECTION 7.09. Use of Proceeds. The proceeds of the Loans will be used to provide
funds for any lawful purpose of the Borrowers and their Subsidiaries. Letters of Credit may be
issued for any lawful purpose of the Borrowers and their Subsidiaries (including of any Foreign
Subsidiary). No part of any Loan will be used, whether directly or indirectly, for any purpose
that entails a violation of any of the Regulations of the Board, including Regulations U and X.
Notwithstanding anything
herein to the contrary, no part of any Loan or Letter of Credit, or in either case proceeds
thereof, will be used, whether directly or indirectly, for financing activities in Switzerland or
for any other purpose which may give rise to the application of any withholding or similar tax in
Switzerland or under Swiss law.

          SECTION 7.10. Certain Obligations Respecting Subsidiaries and Collateral Security.

          (a) New Restricted Subsidiaries. Subject to Section 11.02(d)(ii), the Parent
will take such action, and will cause each of its Restricted Subsidiaries to take such action, from
time to time as shall be necessary to ensure that all Restricted Subsidiaries that are Domestic
Subsidiaries formed or acquired after the date hereof that are not Immaterial Subsidiaries are
“Guarantors” hereunder and under the applicable Security Documents, including causing each such
newly-formed or acquired Restricted Subsidiary (other than an Immaterial Subsidiary) to

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     (i) become a “Guarantor” hereunder, and under the applicable Security Documents
pursuant to a Joinder Agreement or other instrument in form and substance reasonably
satisfactory to the Administrative Agent;

     (ii) cause such newly-formed or acquired Restricted Subsidiary to take such action as
shall be reasonably requested by the Administrative Agent to create and perfect valid and
enforceable Liens on substantially all of the property of such Restricted Subsidiary (other
than Excluded Assets) as collateral security for the Guaranteed Obligations of such
newly-formed or acquired Restricted Subsidiary, and

     (iii) deliver such proof of corporate action, incumbency of officers, opinions of
counsel and other documents as is consistent with those delivered by each Obligor pursuant
to Section 6.01 on the Restatement Effective Date or as the Administrative Agent may
reasonably request.

Notwithstanding the foregoing, the Administrative Agent may in its discretion waive the
requirements of this paragraph (a) with respect to any Restricted Subsidiary, or any property of
any Restricted Subsidiary, to the extent that it determines (in consultation with the Company) that
the costs of obtaining a Lien on such property are excessive in relation to the value of the
security to be afforded thereby.

          (b) Additional Equity Interests. Subject to Section 11.02(d)(ii), in the
event that any additional Equity Interests not constituting Excluded Assets shall be issued by any
Restricted Subsidiary to any Obligor, such Obligor shall, subject to Section 7.10(f),
forthwith deliver to the Administrative Agent pursuant to the Security Agreement or other Security
Document (or, subject to the following proviso, in the case of any Restricted Subsidiary that is a
Foreign Subsidiary, pursuant to a pledge agreement, security agreement or other instrument under
the law applicable to such Restricted Subsidiary creating a lien on) any certificates evidencing
such Equity Interest, accompanied by undated stock or other powers executed in blank and take such
other action as the Administrative Agent shall reasonably request to perfect the security interest
created therein pursuant to the Security Documents, provided that, in the case of the
Equity Interest of any Foreign Subsidiary, the Administrative Agent may in its
discretion waive the requirements of this paragraph (b) with respect to obtaining a foreign
law pledge agreement, security agreement or other instrument to the extent that it determines (in
consultation with the Company) that the costs of obtaining a Lien on such Equity Interests are
excessive in relation to the value of the security to be afforded thereby.

          (c) Immaterial Subsidiaries. Subject to Section 11.02(d)(ii), if, based upon
the financial statements delivered pursuant to Section 7.01(a) or 7.01(b) for any
fiscal quarter, either the aggregate assets or aggregate revenue of all Subsidiaries designated as
“Immaterial Subsidiaries” hereunder in effect at such time shall exceed $10,000,000 as at the end
of and for the most-recently ended four-quarter period, the Company shall, within five Business
Days thereof (or such later date as may be agreed to by the Administrative Agent in its reasonable
discretion), (i) rescind the designation as “Immaterial Subsidiaries” of one or more of such
Subsidiaries (and of any Subsidiaries thereof) so that, after giving effect thereto, neither the
aggregate assets nor aggregate revenue of all Subsidiaries so designated (and which designations
have not been rescinded) shall exceed $10,000,000 and (ii) within 60 days thereafter (or such

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later
date as may be agreed to by the Administrative Agent in its reasonable discretion), cause the
actions and the documents and other instruments referred to in paragraphs (a) and (b) above to be
taken or delivered by the applicable Obligors and such Restricted Subsidiaries, or in respect of
the Equity Interests of such Restricted Subsidiaries, as if such Subsidiaries were newly-acquired
Restricted Subsidiaries.

          (d) Real Property. Subject to Section 11.02(d)(ii), if after the Restatement
Effective Date any Obligor shall acquire any real property interest not constituting Excluded
Assets (or shall make any improvements to any real property interest resulting in its no longer
constituting Excluded Assets), then (subject, (i) in the case of any such interest that is a
leasehold interest, to the delivery by the relevant landlord(s) of any required landlord consent,
and the execution and recording of any required memorandum of lease, and (ii) in the case of any
real property or leasehold interest that is subject to a Lien permitted under Section 8.02
or, in the case of a leasehold interest where the underlying fee is subject to a Lien, to the
delivery by the holder of such Lien of any necessary consent) it will or, as applicable, will cause
the respective Obligor holding such real property interest, to execute and deliver in favor of the
Administrative Agent a mortgage, deed of trust or similar instrument (as appropriate for the
jurisdiction in which such respective real property is situated), all as reasonably requested by
the Administrative Agent, pursuant to which such Obligor will create a Lien upon such real property
interest (and improvements) in favor of the Administrative Agent for the benefit of the Lenders
(and any Eligible Hedging Counterparty and any Eligible Cash Manager) as collateral security for
the Secured Obligations under and as defined in the Security Agreement, and will deliver (or, or in
case of landlord or lienholder consents, will use its commercially reasonable efforts to cause the
relevant landlord(s) or lienholder(s) to deliver) such opinions of counsel, landlords consents,
memoranda of lease, lienholder consents and title insurance policies as the Administrative Agent
shall reasonably request in connection therewith, provided that the Administrative Agent in
its discretion may waive the requirements of this paragraph (d) with respect to any real property
or leasehold interest to the extent that it determines (in consultation with the Company) that the
costs of obtaining a Lien on such real property or leasehold interest are excessive in relation to
the value of the security to be afforded thereby.

          (e) Further Assurances. Subject to Section 11.02(d)(ii), the Parent will, and
will cause each Obligor to, take such action from time to time as shall reasonably be requested by
the Administrative Agent to effectuate the purposes and objectives of this Section 7.10.

          (f) Exclusions. Notwithstanding anything to the contrary contained in this Agreement
or any other Loan Documents, (i) foreign law pledge agreements and delivery of legal opinions in
connection with foreign law pledges or grants of security in a foreign jurisdiction shall not be
required in respect of the following jurisdictions: Canada, Malaysia, Portugal, Singapore,
Mauritius, Republic of Cyprus, the Netherlands, Venezuela and the Channel Islands; and, in the case
of any other foreign jurisdiction, only with respect to certain Foreign Subsidiaries that have
total asset values that are greater than 5% of the total asset value of the Parent and its
Subsidiaries (herein each a “Material Foreign Subsidiary”), (ii) determinations of Material
Foreign Subsidiaries shall be made on the Restatement Effective Date and thereafter at the time of
each delivery of quarterly compliance certificates pursuant to Section 7.02(c), and (iii)
to the extent required pursuant to the terms of this Agreement, any legal opinions for any new
Material Foreign Subsidiaries shall be delivered on the Restatement Effective Date or

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promptly
after the quarterly determination of such new Material Foreign Subsidiary, as the case may be.

ARTICLE VIII

NEGATIVE COVENANTS

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated or shall have been Defeased and all LC Disbursements outstanding
at such time shall have been reimbursed, each Obligor covenants and agrees with the Lenders that:

          SECTION 8.01. Indebtedness. The Parent will not, and will not permit any Restricted
Subsidiary to, create, incur, assume or permit to exist any Indebtedness, except:

     (a) Indebtedness created hereunder;

     (b) Indebtedness existing on the date hereof and set forth in Schedule 8.01,
and any extension, renewal or refinancing thereof so long as the terms of any such
extension, renewal or refinancing provide that (i) no principal payment or prepayment
thereof shall be required before the Commitment Termination Date, except by reason of
acceleration resulting from an event of default, (ii) the average life to maturity thereof
is greater than or equal to the Indebtedness being extended, renewed or refinanced, (iii)
the principal amount thereof does not exceed the principal amount of the Indebtedness being
extended, renewed or refinanced (plus any related transaction costs) and (iv) such
Indebtedness as so extended, renewed or refinanced is not secured by any property not
pledged as security in respect of the Indebtedness being extended, renewed or refinanced);

     (c) Indebtedness in respect of (i) letters of credit and bank guaranties, if such
Indebtedness is unsecured, (ii) letters of credit issued for account of one or more Obligors
the reimbursement obligations in respect of which are secured solely by cash and/or Cash
Equivalents if (x) the aggregate undrawn amount of all such letters of credit and
outstanding reimbursement obligations does not exceed $200,000,000 at any time outstanding
and (y) both before and after giving effect to the granting of such security, the aggregate
amount of cash and Cash Equivalents held by the Parent and its Restricted Subsidiaries
(excluding cash and Cash Equivalents securing reimbursement obligations in respect of
Secured LOCs) plus the aggregate amount of unused Revolving Credit Commitments is at
least $300,000,000 and (iii) letters of credit issued for account of one or more Obligors
the reimbursement obligations in respect of which are secured by Collateral other than cash
and Cash Equivalents (“Secured LOCs”) if the aggregate undrawn amount of all such
letters of credit and reimbursement obligations at any time outstanding plus the Net
Commitment Increase Amount at such time plus the Net Incremental Increase Amount at
such time does not exceed $225,000,000;

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     (d) Indebtedness of Restricted Subsidiaries that are not Obligors in respect of local
credit lines for borrowed money in an aggregate principal amount up to but not exceeding
$200,000,000;

     (e) Indebtedness incurred to finance the acquisition, construction or improvement of
any fixed or capital assets, including Capital Lease Obligations and any Indebtedness
assumed in connection with the acquisition of any such assets or secured by a Lien on any
such assets prior to the acquisition thereof, and extensions, renewals and replacements of
any such Indebtedness that do not increase the outstanding principal amount thereof;
provided that (i) such Indebtedness is incurred prior to or within 90 days after
such acquisition or the completion of such construction or improvement and (ii) the
aggregate principal amount of Indebtedness permitted by this clause (e) shall not exceed
$150,000,000 at any time outstanding;

     (f) unsecured Indebtedness issued or incurred to finance, or in contemplation of, or
acquired in connection with a permitted Acquisition so long as either (i) such Indebtedness
is expressly subordinated to the Obligations on terms and conditions reasonably satisfactory
to the Administrative Agent or (ii) the aggregate principal amount of such Indebtedness does
not exceed $250,000,000 at any time outstanding;

     (g) secured Indebtedness issued or incurred to finance, or in contemplation of, or
acquired in connection with a permitted Acquisition so long as the Liens securing such
Indebtedness extend only to the assets and/or Equity Interests of the business or Person
that is the subject of such Acquisition and either (i) no principal payment or prepayment of
such Indebtedness shall be required earlier than the first anniversary of the Commitment
Termination Date, except by reason of acceleration resulting from an event of default
thereunder or (ii) the aggregate principal amount of such Indebtedness does not exceed
$125,000,000 at any time outstanding;

     (h) Indebtedness of any Group Member to any other Group Member or to any Project Entity
for so long as such Group Member or Project Entity, as applicable, remains
a Subsidiary; provided that any such Indebtedness of any Obligor to a
Subsidiary or a Project Entity that is not an Obligor shall be subordinated to the
Obligations upon terms in form and substance reasonably satisfactory to the Administrative
Agent;

     (i) Guarantees permitted under Section 8.05;

     (j) unsecured Indebtedness issued or borrowed by any Obligor; provided that (i)
no principal payment or prepayment of such Indebtedness shall be required earlier than the
first anniversary of the Commitment Termination Date except by reason of acceleration
resulting from an event of default thereunder and (ii) after giving effect to the issuance
or incurrence of such Indebtedness, the Parent shall be in pro forma compliance with the
requirements of Section 8.09(a) and shall have delivered to the Administrative Agent
a certificate of a Financial Officer demonstrating such compliance in reasonable detail; and

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     (k) additional Indebtedness of any Group Member incurred for any purpose in an
aggregate principal amount not exceeding $50,000,000 at any one time outstanding.

          SECTION 8.02. Liens. The Parent will not, and will not permit any Restricted
Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned
or hereafter acquired by it, or assign or sell any income or revenues (including accounts
receivable) or rights in respect of any thereof, except:

     (a) Liens created under the Security Documents;

     (b) any Lien on any property or asset of the Parent or any Restricted Subsidiary
existing on the date hereof and set forth in Schedule 8.02, provided that
(i) such Lien shall not apply to any other property or asset of the Parent or any Restricted
Subsidiary and (ii) such Lien shall secure only those obligations which it secures on the
date hereof and extensions, renewals and replacements thereof that do not increase the
outstanding principal amount thereof;

     (c) Liens imposed by any Governmental Authority for taxes, assessments or charges not
yet due or delinquent (or in the case of property taxes and assessments not exceeding
$2,000,000 in the aggregate more than 90 days overdue) or which are being contested in good
faith and by appropriate proceedings if adequate reserves with respect thereto are
maintained on the books of the Parent or the affected Subsidiaries, as the case may be, in
accordance with GAAP;

     (d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like
Liens, and vendors’ Liens imposed by statute or common law not securing the repayment of
Indebtedness, arising in the ordinary course of business which are not overdue for a period
of more than 60 days or which are being contested in good faith and by appropriate
proceedings and Liens securing judgments (including, without limitation, pre-judgment
attachments) but only to the extent, for an amount and for a period not resulting in an
Event of Default under paragraph (j) of Article IX;

     (e) pledges or deposits under (i) worker’s compensation (including, without limitation,
worker’s compensation insurance programs), unemployment insurance and other social security
legislation and (ii) general liability, automobile liability, excess liability, fiduciary
liability, directors and officers liability and foreign liability insurance programs;

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

     (g) easements, rights-of-way, restrictions and other similar encumbrances incurred in
the ordinary course of business and encumbrances consisting of zoning restrictions,
easements, licenses, restrictions on the use of property or imperfections in title thereto
which, in the aggregate, are not material in amount, and which do not, in the aggregate,
materially detract from the value of the property of the Parent and its

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Restricted
Subsidiaries or materially interfere with the ordinary conduct of the business of the Parent
or any of its Restricted Subsidiaries;

     (h) Liens consisting of bankers’ liens and rights of setoff, in each case, arising by
operation of law or (except to the extent securing Indebtedness) by contract in the ordinary
course of business, and Liens on documents presented in letters of credit drawings; and

     (i) Liens on fixed or capital assets acquired, constructed or improved by the Parent or
any Restricted Subsidiary, provided that (i) such Liens secure Indebtedness
permitted by Section 8.01(e), (ii) such Liens and the Indebtedness secured thereby
are incurred prior to or within 90 days after such acquisition or the completion of such
construction or improvement, (iii) the Indebtedness secured thereby does not exceed the cost
of acquiring, constructing or improving such fixed or capital assets and (iv) such security
interests shall not apply to any other property or assets of the Parent or any Subsidiary;

     (j) Liens on property of Restricted Subsidiaries that are not Obligors, so long as such
Liens do not extend to cover property of any Obligor;

     (k) licenses, on a non-exclusive basis (or, solely with respect to any territory where
neither the Parent nor any Restricted Subsidiary is doing business, on an exclusive basis)
of rights in the intellectual property of the Parent or any Restricted Subsidiary granted in
the ordinary course of business;

     (l) Liens on the Equity Interests of, and on the property or assets of, a Project
Entity securing Non-Recourse Project Indebtedness;

     (m) Liens on property purchased or built pursuant to any engineering, construction,
procurement, manufacturing, equipment or supply contract (each, a “Customer
Contract”) with a customer (including any Governmental Authority) in favor of such
customer, which Liens arise in the ordinary course of business and secure the
performance obligations of the Parent or the relevant Restricted Subsidiary (as
applicable) under such Customer Contract;

     (n) Liens constituting security referred to in paragraphs (c)(ii), (c)(iii) and (g) of
Section 8.01; and

     (o) additional Liens upon real or personal property created after the date hereof,
provided that the aggregate amount of obligations secured thereby shall not exceed
$50,000,000.

          SECTION 8.03. Sale and Leaseback Transactions. The Parent will not, and will not
permit any Restricted Subsidiary to, directly or indirectly, enter into any arrangement, directly
or indirectly, whereby they shall sell or transfer any property, real or personal, used or useful
in their business, whether now owned or hereafter acquired, and thereafter rent or lease such
property or other property that they intend to use for substantially the same purpose or purposes
as the property sold or transferred (a “Sale and Leaseback Transaction”) unless (i) the

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sale of such property is permitted by Section 8.04 and (ii) any Lien arising in
connection with the use of such property by any Group Member is permitted by Section 8.02.

          SECTION 8.04. Fundamental Changes. The Parent will not, nor will it permit any of
its Restricted Subsidiaries to, enter into any transaction of merger, consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation, winding up or
dissolution). The Parent will not, nor will it permit any of its Restricted Subsidiaries to,
acquire any business or property from, or Equity Interests in, or be a party to any acquisition of,
any Person except for purchases of inventory and other property to be sold or used in the ordinary
course of business, Investments and Acquisitions permitted under Section 8.05 and Capital
Expenditures. The Parent will not, nor will it permit any of its Subsidiaries to, convey, sell,
lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part
of its business or property, whether now owned or hereafter acquired (including, without
limitation, receivables and leasehold interests, but excluding (x) obsolete or worn-out property,
tools or equipment no longer used or useful in its business and (y) any inventory or other property
sold or disposed of in the ordinary course of business and on ordinary business terms).

          Notwithstanding the foregoing provisions of this Section 8.04:

     (a) any Restricted Subsidiary may be merged or consolidated with or into any other
Subsidiary so long as at the time thereof and after giving effect thereto no Default shall
have occurred and be continuing; provided that if any party to such transaction
shall be an Obligor, the surviving or continuing entity must be or become an Obligor;

     (b) any Restricted Subsidiary may sell, lease, transfer or otherwise dispose of any or
all of its property (upon voluntary liquidation, winding up, dissolution or otherwise) to
any other Restricted Subsidiary so long as at the time thereof and after giving effect
thereto no Default shall have occurred and be continuing; provided that (i) if such
sale is of all or substantially all of the assets of an Obligor, either (A) the acquiring
Subsidiary must be or become an Obligor or (B) such sale must be for cash for fair market
value, as determined by the Company in good faith (and, if such fair market value shall
exceed $50,000,000, such value shall have been determined based upon an independent
valuation);

     (c) the Equity Interests in any Restricted Subsidiary may be sold, transferred or
otherwise disposed of to the Parent or any Restricted Subsidiary so long as at the time
thereof and after giving effect thereto no Default shall have occurred and be continuing;

     (d) any Restricted Subsidiary (other than a Borrower) may be liquidated, wound up or
dissolved so long as at the time thereof and after giving effect thereto no Default shall
have occurred and be continuing; provided that if such Restricted Subsidiary is an
Obligor, then the Subsidiary to which the assets of such Restricted Subsidiary are
transferred upon such liquidation, winding up or dissolution shall be or become an Obligor;

     (e) so long as at the time thereof and after giving effect thereto no Default shall
have occurred and be continuing, the Parent or any of its Restricted Subsidiaries

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may sell assets (including Equity Interests issued by any of their respective
Restricted Subsidiaries) for fair market value, provided that the aggregate fair
market value of all assets sold pursuant to this paragraph (e) during any single fiscal year
shall not exceed $300,000,000;

     (f) in addition to the sales permitted under the foregoing paragraph (e), the Parent
and its Restricted Subsidiaries may (i) sell the property of, or Equity Interests in,
Project Entities (so long as after giving effect to such sale, the Parent shall be in pro
forma compliance with the requirements of Section 8.09 and shall have delivered a
calculation, in form and detail reasonably satisfactory to the Administrative Agent, to such
effect from a Financial Officer) and (ii) consummate other sales so long as the aggregate
fair market value thereof in any single fiscal year shall not exceed $100,000,000;

     (g) the Parent or any Restricted Subsidiary may transfer or otherwise dispose of any
property that is subject to a Customer Contract to the customer under such Customer Contract
in connection with the transfer of the project to such customer; and

     (h) FWL and/or Holdco may be dissolved; provided that, subject to Section
11.02(d)(ii), (i) 100% of the economic interests and voting power in the Equity
Interests of Holdco or the Company owned by the Person to be dissolved shall be transferred
to the Parent (in the case of a dissolution of FWL or of FWL and Holdco) or FWL (in the case
of a dissolution of Holdco) in connection with such dissolution, (ii) the Equity Interests
of Holdco and the Company shall continue to be pledged to, and subject to a security
interest granted in favor of, the Administrative Agent pursuant to the terms of the Loan
Documents and thereby constitute part of the Collateral and (iii) the Administrative Agent
shall have received such documents as it may reasonably request, in each case in form and
substance reasonably satisfactory to it, and such evidence that all actions have been taken
as may, in each case, be necessary in the reasonable judgment of the Administrative Agent to
create, preserve, perfect or maintain the perfection of or validate such security interests.
Upon the dissolution of FWL pursuant to this Section 8.04(h), all references in the
Loan Documents to “FWL” shall be deemed to have no effect. Upon the dissolution of Holdco
pursuant to this Section 8.04(h), all references in the Loan Documents to “Holdco”
shall be deemed to have no effect.

          SECTION 8.05. Investments, Loans, Advances, Guarantees and Acquisitions; Hedging
Agreements.

          (a) Investments, Etc. The Parent will not, and will not permit any of its Restricted
Subsidiaries to, make or permit to remain outstanding any Investment, except:

     (i) Investments held by the Parent and its Restricted Subsidiaries either (A) on the
date of, and reflected in, the most recent financial statements delivered under Section
5.04 or (B) on the Restatement Effective Date, if, in the case of this clause (B),
either such Investments are listed on Schedule 8.05 or the amount of any such
individual Investment is less than or equal to $1,000,000);

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     (ii) (A) Investments by the Parent and its Restricted Subsidiaries in Obligors, (B)
Investments by any Subsidiary of the Parent that is not an Obligor in any Restricted
Subsidiary and (C) to the extent constituting Investments, the sale, transfer or other
disposition of the Equity Interests in (x) any Restricted Subsidiary of an Obligor to any
other Obligor and (y) any Subsidiary of a non-Obligor to any Restricted Subsidiary;

     (iii) Investments by the Obligors in Restricted Subsidiaries that are not Obligors, if
such Investments either (A) are outstanding on December 31, 2009 or (B) are made on or after
January 1, 2010 and, in the case of this clause (B), the aggregate amount of such
Investments (excluding Investments referred to in Section 8.05(a)(i)) does not
exceed the sum of (w) $534,000,000 plus (x) 100% of all cash and the fair market
value of non-cash assets received on or after January 1, 2010 by any Obligor on account of
Investments made pursuant to this clause (iii), whether as income, return of capital or
proceeds of the sale of such Investments plus (y) 100% of all loan repayments,
proceeds of intercompany loans and other payments whether in cash or non-cash assets (the
amount of any such non-cash assets being the fair market value thereof), except for amounts
included in the foregoing subclause (x), received any time from and after January 1, 2010 by
Obligors from Restricted Subsidiaries that are not Obligors plus (z) the Unapplied
Equity Proceeds at such time;

     (iv) Investments in Project Entities and joint ventures if such Investments either (A)
are outstanding on December 31, 2009 or (B) are made on or after January 1, 2010 and, in the
case of this clause (B), the aggregate amount of such Investments (excluding Investments
referred to in Sections 8.05(a)(i) and (ii)) does not exceed the sum of (w)
$525,000,000 plus (x) 100% of all cash received on or after January 1, 2010 by any
Obligor on account of Investments made pursuant to this clause (iv), whether as income,
return of capital or proceeds of the sale of such Investments plus (y) at any time
50% of the cumulative Excess Cash Flow for the period commencing on January 1, 2010 through
and including the last day of the fiscal year most recently ended prior to such time
plus (z) the Unapplied Equity Proceeds at such time;

     (v) Permitted Investments;

     (vi) operating deposit accounts with banks;

     (vii) Guarantees by the Parent or any Restricted Subsidiary of Indebtedness or other
obligations of the Parent or any Restricted Subsidiary or Affiliate not otherwise prohibited
by this Agreement;

     (viii) Investments constituting Acquisitions permitted under Section 8.05(c);
and

     (ix) additional Investments in an aggregate amount up to but not
exceeding at any one time the sum of (x) $50,000,000 plus (y) 100% of
all cash received after the Restatement Effective Date by the Parent and its
Restricted Subsidiaries on account of
Investments made pursuant to this clause (ix), whether as income,
return of capital or

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proceeds of the sale of such Investments plus (z) the Unapplied Equity Proceeds at
such time.

Notwithstanding anything contained to the contrary in this paragraph (a), the Parent or any
Restricted Subsidiary may permit internal reorganizations consisting of one or more intermediate
steps that would otherwise violate this paragraph (a) if (i) after the completion of the final step
of any such reorganization no such violation shall be continuing, (ii) in the reasonable opinion of
the Administrative Agent, no such violation could be reasonably expected to be materially adverse
to or otherwise jeopardize the interests of the Lenders, (iii) all of the steps required for the
consummation of such reorganization shall be completed within a period of time deemed by the
Administrative Agent to be reasonable and (iv) no Default shall have occurred or be continuing at
any time while such steps are being completed or after giving effect to the consummation of such
reorganization.

          (b) Hedging Agreements. The Parent will not, and will not permit any of its
Restricted Subsidiaries to, enter into any Hedging Agreement, other than Hedging Agreements entered
into in the ordinary course of business to hedge or mitigate risks to which the Parent or any
Restricted Subsidiary is exposed in the conduct of its business or the management of its
liabilities.

          (c) Acquisitions. The Parent will not, and will not permit any of its Restricted
Subsidiaries to, make any Acquisition unless:

     (i) such Acquisition (if by purchase of assets, merger, consolidation or amalgamation)
shall be effected in such manner so that the acquired business, and the related assets, are
owned either by the Parent or a Subsidiary of the Parent and, if effected by merger,
consolidation or amalgamation involving the Parent, the Parent shall be the continuing or
surviving entity and, if effected by merger, consolidation or amalgamation involving a
Subsidiary of the Parent, such Subsidiary shall be the continuing or surviving entity;

     (ii) such Acquisition (if by purchase of Equity Interests) shall be effected in such
manner so that the acquired entity becomes a Subsidiary of the Parent;

     (iii) such business and the related assets, or any acquired Subsidiary, are primarily a
business permitted under Section 8.10;

     (iv) after giving effect to such Acquisition on a pro forma basis
(as if completed on the first day of the four-quarter period ended on the last
day of the most recent fiscal quarter for which financial statements are then
available, and including in such pro forma calculation all Indebtedness assumed
as part of or incurred to finance such Acquisition as if such Indebtedness was
incurred on the first day of such period) the Total Leverage Ratio would be no
greater than 2.25 to 1 (such ratio to be based upon financial statements for
the acquired business that, in the Parent’s reasonable opinion, are sufficient
for it to make a calculation thereof on a pro forma basis, as at the end of and
for the period of four fiscal quarters most recently ended prior to the date of
such Acquisition
for which financial statements of the Parent and its Subsidiaries are
available, under the

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assumption that such Acquisition shall have occurred, and any Indebtedness in
connection therewith shall have been incurred, at the beginning of the applicable period),
provided that, unless such Acquisition is made solely with Unapplied Equity
Proceeds, in the event such Acquisition shall be of a stand-alone business entity or unit of
the respective seller for which separate audits are available and the aggregate amount of
consideration in respect of such Acquisition shall exceed $25,000,000, the Parent shall have
delivered to the Administrative Agent financial statement for the acquired business for its
most recent fiscal year reviewed by independent auditors; and

     (v) at the time of and both before and after giving effect to such Acquisition
(including under any financial covenant calculated on a pro forma basis), no Default shall
have occurred and be continuing and, unless such Acquisition is made solely with Unapplied
Equity Proceeds, the sum of the unused Revolving Credit Commitments and Incremental Loan
Commitments of each Class together with cash and Cash Equivalents carried on the
consolidated balance sheets of the Parent and its consolidated Restricted Subsidiaries
(excluding cash and Cash Equivalents securing reimbursement obligations in respect of
Secured LOCs) is at least equal to $50,000,000.

          SECTION 8.06. Restricted Payments. The Parent will not, nor will it permit any of
its Restricted Subsidiaries to, declare or make any Restricted Payment at any time, except that the
Parent may declare and make any Restricted Payment in cash (including, without limitation,
Restricted Payments to Affiliates) so long as (i) on the date of such Restricted Payment and after
giving effect thereto no Default shall have occurred and be continuing, and (ii) either (x)
immediately after giving effect thereto the aggregate amount of cash and Cash Equivalents held by
the Parent and its Restricted Subsidiaries (excluding cash and Cash Equivalents securing
reimbursement obligations in respect of Secured LOCs) plus the aggregate amount of unused
Revolving Credit Commitments is at least $300,000,000 (provided that the aggregate amount of
Restricted Payments made as permitted by this clause (x) after the date hereof shall not exceed
$600,000,000) or (y) the aggregate amount of such Restricted Payment together with all other
Restricted Payments (excluding Restricted Payments made as permitted by the immediately preceding
clause (x)) made after the date hereof shall not exceed 25% of cumulative Excess Cash Flow for the
period commencing on January 1, 2010 through and including the last day of the fiscal year most
recently ended prior to the date of such Restricted Payment.

          Nothing herein shall be deemed to prohibit the payment of any dividend or distribution or the
making of any payment in cash on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any equity interest in any Subsidiary of the Company so long as
either (i) the portion of such dividends, distributions or other payments that are paid to the
Company and its Restricted Subsidiaries are not less than the portion thereof that such Persons
would be entitled to received if such dividends, distributions and other payments were declared and
paid ratably to the shareholders, partners and other equityholders of such Subsidiary or (ii) such
payment is being made in respect of the purchase by such Restricted Subsidiary from one or more of
its equityholders of minority interests held by such equityholders in such Restricted Subsidiary,
so long as such purchase is an Investment permitted under Section 8.05(a).

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          SECTION 8.07. Transactions with Affiliates. Except as expressly permitted by this
Agreement, the Parent will not, nor will it permit any of its Restricted Subsidiaries to, directly
or indirectly enter into any other transaction directly or indirectly with or for the benefit of an
Affiliate (including, without limitation, guarantees and assumptions of obligations of an
Affiliate) unless the consideration received (or paid) by the Parent or the relevant Subsidiary, as
the case may be, is not less than (if received) or more than (if paid) the consideration that would
be received or paid, as the case may be, in a comparable transaction effected on an arms’ length
basis with a Person that is not an Affiliate, provided that (i) any Affiliate who is an
individual may serve as a director, officer, employee or consultant of the Parent or any of its
Restricted Subsidiaries and receive reasonable compensation for his or her services in such
capacity, (ii) the Parent and its Restricted Subsidiaries may engage in and continue the
transactions with or for the benefit of Affiliates which are described in Schedule 8.07,
(iii) the Parent and its Restricted Subsidiaries may Guarantee any Indebtedness of Project Entities
to the extent permitted under Section 8.01, and may Guarantee any other obligations of
Project Entities not constituting Indebtedness so long as the aggregate value provided or aggregate
amount paid by the Parent or such Restricted Subsidiary in respect of such Guarantee is permitted
under Section 8.05 when provided or paid and (iv) the Parent and its Restricted
Subsidiaries may enter into any transaction with an Affiliate involving consideration having an
aggregate value not exceeding $1,000,000.

          SECTION 8.08. Restrictive Agreements. The Parent will not, and will not permit any
of its Restricted Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any
agreement that prohibits, restricts or imposes any condition upon (a) the ability of any Obligor to
create, incur or permit to exist any Lien upon any of its property or assets, or (b) the ability of
any Restricted Subsidiary to pay dividends or other distributions with respect to any of its Equity
Interests or to make or repay loans or advances to the Parent or any other Restricted Subsidiary or
to guarantee Indebtedness of the Parent or any other Restricted Subsidiary; provided that

     (i) the foregoing shall not apply to restrictions and conditions imposed by law (or
imposed by agreement reflecting such law so long as such agreement is no more restrictive
than the restrictions and conditions imposed by law) or by this Agreement,

     (ii) the foregoing shall not apply to restrictions and conditions existing on the date
hereof identified on Schedule 8.08 and any amendment, modification, extension,
renewal or replacement thereof on terms that, taken as a whole, are not materially more
adverse to the interests of the Lenders than such restrictions and conditions existing on
the date hereof,

     (iii) the foregoing shall not apply to restrictions and conditions contained in
agreements relating to the sale of a Subsidiary pending such sale, provided such
restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder,

     (iv) the foregoing shall not apply to restrictions or conditions imposed by any
agreement relating to any Indebtedness or other obligation not prohibited by this Agreement
if such restrictions or conditions consist of (x) requirements to maintain a
borrowing base in respect of such Indebtedness or other obligation, (y) the grant of,
or promise to grant, Liens permitted hereunder as collateral security for such Indebtedness

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or other obligation, or (z) restrictions upon the grant or existence of other Liens on
property or assets securing such Indebtedness or other obligation,

     (v) the foregoing shall not apply to restrictions and conditions on any property
purchased or built pursuant to a Customer Contract arising in the ordinary course of
business, and

     (vi) clause (a) of the foregoing shall not apply to customary provisions in leases and
other contracts restricting the assignment thereof.

     SECTION 8.09. Certain Financial Covenants.

     (a) Total Leverage Ratio. The Parent will not permit the Total Leverage Ratio at any
time to exceed 2.50 to 1.

     (b) Interest Coverage Ratio. The Parent will not permit the Interest Coverage Ratio
as at the last day of any fiscal quarter to be less than or equal to 3.00 to 1.

     (c) Capital Expenditures. The Parent will not permit the aggregate amount of Capital
Expenditures by the Parent and its Restricted Subsidiaries to exceed $100,000,000 during any single
fiscal year, provided that (i) if the aggregate amount of Capital Expenditures for any
fiscal year shall be less than $100,000,000 then such shortfall shall be added to the amount of
Capital Expenditures permitted for the immediately succeeding (but not any other) fiscal year and,
for purposes hereof, the amount of Capital Expenditures made during any fiscal year shall be deemed
to have been made first from the $100,000,000 expressly permitted amount for such fiscal year and
last from the amount of any carryover from the previous fiscal year and (ii) for any fiscal year
(other than the fiscal year in which the Commitment Termination Date falls), the amount of any
Capital Expenditures permitted in such fiscal year (including as a result of any carryover
permitted by clause (i) above) may be increased by an aggregate amount not to exceed $20,000,000
(in which case the amount of such increase shall reduce, on a dollar-for-dollar basis, the amount
of Capital Expenditures that would have been permitted to be incurred in the immediately succeeding
fiscal year).

          SECTION 8.10. Lines of Business. Neither the Parent nor any of its Subsidiaries
shall engage to any substantial extent in any line or lines of business activity other than that
conducted on the Restatement Effective Date, and any other business that is reasonably incidental
and complementary thereto including, without limitation, businesses engaged in the environmental,
construction, waste water treatment, infrastructure and mining and material terminal services
industries.

          SECTION 8.11. Changes to Fiscal Year. To enable the ready and consistent
determination of compliance with the covenants set forth in Section 8.09, the Parent will
not change the last day of its fiscal year from the last Friday of each calendar year, or the last
day of the first three fiscal quarters in each of its fiscal years from the last Friday in March,
June or September, respectively.

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          SECTION 8.12. Parent, FWL and Holdco. None of the Parent, FWL nor Holdco will
acquire directly (as opposed to acquiring indirectly through Subsidiaries) ownership of the
operating assets used to conduct any business.

ARTICLE IX

EVENTS OF DEFAULT

          If any of the following events (“Events of Default”) shall occur:

     (a) any Borrower shall fail to pay any principal of any Loan or any reimbursement
obligation in respect of any LC Disbursement when and as the same shall become due and
payable, whether at the due date thereof or at a date fixed for prepayment thereof or
otherwise;

     (b) any Borrower shall fail to pay any interest on any Loan or any fee or any other
amount (other than an amount referred to in clause (a) of this Article) payable under this
Agreement or under any other Loan Document, when and as the same shall become due and
payable, and such failure shall continue unremedied for a period of three or more Business
Days;

     (c) any representation or warranty made or deemed made by or on behalf of any Obligor
or any of its Restricted Subsidiaries in or in connection with this Agreement or any other
Loan Document or any amendment or modification hereof or thereof, or in any report,
certificate, financial statement or other document furnished pursuant to or in connection
with this Agreement or any other Loan Document or any amendment or modification hereof or
thereof, shall prove to have been incorrect when made or deemed made in any material
respect;

     (d) any Obligor shall fail to observe or perform any covenant, condition or agreement
contained in Section 7.03 (with respect to any Borrower’s existence) or in
Article VIII;

     (e) any Obligor, as applicable, shall fail to observe or perform any covenant,
condition or agreement contained in this Agreement (other than those specified in clause
(a), (b), (d) or (e) of this Article) or any other Loan Document and such failure shall
continue unremedied for a period of 30 or more days after notice thereof from the
Administrative Agent (given at the request of any Lender) to a Borrower;

     (f) any Obligor or any of its Restricted Subsidiaries shall fail to make any payment
(whether of principal or interest and regardless of amount) in respect of any Material
Indebtedness, when and as the same shall become due and payable, after giving effect to any
applicable grace period as originally in effect;

     (g) any event or condition occurs that results in any Material Indebtedness becoming
due prior to its scheduled maturity or that enables or permits (if any required giving of
notice, lapse of time or both has occurred) the holder or holders of
any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material

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Indebtedness to become due, or to require the prepayment, repurchase, redemption or
defeasance thereof, prior to its scheduled maturity; provided that this clause (g)
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 or any other mandatory
prepayment, redemption, repurchase event or condition (such as a change of control, sale of
assets or determination of taxability) not customarily constituting events of default in
respect of such Indebtedness;

     (h) an involuntary proceeding shall be commenced or an involuntary petition shall be
filed seeking (i) liquidation, winding up, reorganization or other relief in respect of any
Obligor or any Significant Subsidiary or the debts of any of them, or of a substantial part
of the assets of any of them, 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, liquidator, custodian, sequestrator, conservator or similar official for
any Obligor or any of such Restricted Subsidiaries or for a substantial part of the assets
of any of them, 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;

     (i) any Obligor or any Significant Subsidiary shall (i) voluntarily commence any
proceeding or file any petition seeking liquidation, winding up, 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 (h) of this
Article, (iii) apply for or consent to the appointment of a receiver, trustee, liquidator,
custodian, sequestrator, conservator or similar official for any Obligor or any of such
Restricted Subsidiaries or for a substantial part of the assets of any of them, (iv) file an
answer admitting the material allegations of a petition filed against it in any such
proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any
action for the purpose of effecting any of the foregoing;

     (j) a final judgment or judgments for the payment of money in excess of $50,000,000 in
the aggregate for the Obligors and the Significant Subsidiaries (exclusive of judgment
amounts covered by insurance issued by creditworthy carriers where such carriers have
admitted liability in respect of such amounts or assumed the defense for the related
proceeding) shall be rendered by one or more courts, administrative tribunals or other
bodies having jurisdiction against the Obligors or any of the Significant Subsidiaries and
the same shall not be discharged (or provision shall not be made for such discharge), or a
stay of execution thereof shall not be procured, within 60 days from the date of entry
thereof and the relevant Obligor or Significant Subsidiary shall not, within said period of
60 days, or such longer period during which execution of the same shall have been stayed,
appeal therefrom and cause the execution thereof to be stayed during such appeal;

     (k) an ERISA Event shall have occurred that, in the opinion of the Required Lenders,
when taken together with all other ERISA Events that have occurred, could

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reasonably be expected to result in one or more claims or other liabilities against the
Obligors and their Subsidiaries that in the aggregate would exceed $50,000,000;

     (l) the Liens created by the Security Documents shall, at any time with respect to any
material portion of the property intended to be covered thereby, not be valid and perfected
(to the extent perfection by filing, registration, recordation, possession or control is
required herein or therein) in favor of the Administrative Agent, free and clear of all
other Liens (other than Liens permitted under Section 8.02 or under the respective
Security Documents); or except for expiration in accordance with its terms, any of the
Security Documents shall for whatever reason be terminated or cease to be in full force and
effect in any material respect, or the enforceability thereof shall be contested by any
Obligor; or

     (m) any Change of Control shall occur and be continuing,

then, and in every such event (other than an event with respect to a Borrower described in clause
(h) or (i) of this Article), and at any time thereafter during the continuance of such event, the
Administrative Agent may, and at the request of the Required Lenders shall, by notice to the
Company, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of each Borrower accrued hereunder, shall
become due and payable immediately, without presentment, demand, protest or other notice of any
kind, all of which are hereby waived by each Borrower; and in case of any event with respect to a
Borrower described in clause (h) or (i) of this Article, the Commitments shall automatically
terminate and the principal of the Loans then outstanding, together with accrued interest thereon
and all fees and other obligations of each Borrower accrued hereunder, shall automatically become
due and payable, without presentment, demand, protest or other notice of any kind, all of which are
hereby waived by each Borrower.

          In the event that the Loans shall be declared, or shall become, due and payable pursuant to
the immediately preceding paragraph then, upon notice from the Administrative Agent or Lenders with
LC Exposure representing more than 50% of the total LC Exposure demanding the deposit of cash
collateral pursuant to this paragraph, the Borrowers shall immediately deposit into the Letter of
Credit Collateral Account referred to in Section 2.05(k), cash in an amount equal to the
relevant LC Exposure as of such date plus any accrued and unpaid interest thereon;
provided that the obligation to deposit such cash shall become effective immediately, and
such deposit shall become immediately due and payable, without demand or other notice of any kind,
upon the occurrence of any Event of Default with respect to a Borrower described in clause (h) or
(i) of this Article.

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ARTICLE X

THE ADMINISTRATIVE AGENT

          Each of the Lenders and each of the Issuing Lenders hereby irrevocably appoints the
Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on
its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms of
this Agreement and the other Loan Documents, together with such actions and powers as are
reasonably incidental thereto.

          BNP Paribas shall have the same rights and powers in its capacity as a Lender hereunder as any
other Lender and may exercise the same as though BNP Paribas were not the Administrative Agent, and
BNP Paribas and its Affiliates may accept deposits from, lend money to and generally engage in any
kind of business with any Obligor or any Subsidiary or other Affiliate of any thereof as if it were
not the Administrative Agent hereunder.

          The Administrative Agent shall not have any duties or obligations except those expressly set
forth in this Agreement and the other Loan Documents. Without limiting the generality of the
foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied
duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative
Agent shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated by this Agreement and the
other Loan Documents that the Administrative Agent is required to exercise as directed in writing
by the Required Lenders, and (c) except as expressly set forth herein and in the other Loan
Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable
for the failure to disclose, any information relating to any Obligor or any of their respective
Subsidiaries that is communicated to or obtained by BNP Paribas or any of its Affiliates in any
capacity. The Administrative Agent shall not be liable for any action taken or not taken by it
with the consent or at the request of the Required Lenders or, if provided herein, with the consent
or at the request of the Required Revolving Credit Lenders or Required Incremental Lenders of any
Class, or in the absence of its own gross negligence or willful misconduct. The Administrative
Agent shall not be deemed to have knowledge of any Default unless and until written notice thereof
is given to the Administrative Agent by a Borrower or Lender, and the Administrative Agent shall
not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or
representation made in or in connection with this Agreement or the other Loan Documents, (ii) the
contents of any certificate, report or other document delivered hereunder or under any of the other
Loan Documents or in connection herewith of therewith, (iii) the performance or observance of any
of the covenants, agreements or other terms or conditions set forth herein or in any other Loan
Document, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, the
other Loan Documents or any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article VI or elsewhere herein, other than to confirm receipt of
items expressly required to be delivered to the Administrative Agent.

          The Administrative Agent shall not, except to the extent expressly instructed by the Required
Lenders with respect to collateral security under the Security Documents, be

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required to initiate or conduct any litigation or collection proceedings hereunder or under
any other Loan Document.

          The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing believed by it to be genuine and to have been signed or sent by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying
thereon. The Administrative Agent may consult with legal counsel (who may be counsel for a
Borrower), independent accountants and other experts selected by it, and shall not be liable for
any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

          The Administrative Agent may perform any and all of its duties, and exercise its rights and
powers, by or through any one or more sub-agents appointed by the Administrative Agent. The
Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its
rights and powers through its Related Parties. The exculpatory provisions of the preceding
paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent
and any such sub-agent, and shall apply to its activities in connection with the syndication of the
credit facilities provided for herein as well as activities as the Administrative Agent.

          The Administrative Agent may resign at any time upon 15 days notice to the Lenders, the
Issuing Lenders and the Company. Upon any such resignation, the Required Lenders shall have the
right, with the consent of the Company (not to be unreasonably withheld), to appoint a successor
Administrative Agent. If no successor shall have been so appointed and shall have accepted such
appointment within 15 days after such retiring Administrative Agent gives notice of its
resignation, then such retiring Administrative Agent may, on behalf of the Lenders and the Issuing
Lenders, appoint a successor Administrative Agent, which shall be a bank with an office in New
York, New York, or an Affiliate of any such bank, provided that if no such bank is willing
to accept such appointment, the retiring Administrative Agent’s resignation shall nevertheless
thereupon become effective (and the retiring Administrative Agent shall be discharged from its
duties and obligations hereunder and under the other Loan Documents) and the Lenders shall assume
and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the
Required Lenders appoint a successor Administrative Agent. Upon the acceptance of its appointment
as Administrative Agent, by a successor, such successor shall succeed to and become vested with all
the rights, powers, privileges and duties of the retiring Administrative Agent (and the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the
other Loan Documents). The fees payable by the Company to a successor Administrative Agent shall
be the same as those payable to its predecessor unless otherwise agreed between the Company and
such successor. After an Administrative Agent’s resignation hereunder, the provisions of this
Article and Section 11.03 shall continue in effect for its benefit in respect of any
actions taken or omitted to be taken by it while it was acting as Administrative Agent.

          Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent, any Issuing Lender or any other Lender and based on such documents

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and information as it has deemed appropriate, made its own credit analysis and decision to
enter into this Agreement. Each Lender also acknowledges that it will, independently and without
reliance upon the Administrative Agent, any Issuing Lender or any other Lender and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own
decisions in taking or not taking action under or based upon this Agreement and the other Loan
Documents, any related agreement or any document furnished hereunder or thereunder.

          The institutions listed on the cover page of this Agreement as Sole Bookrunner, Sole Lead
Arranger and Syndication Agents shall have no rights, obligations or liabilities under the Loan
Documents in those capacities.

ARTICLE XI

MISCELLANEOUS

          SECTION 11.01. Notices.

          (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and subject to paragraph (b) below), all notices and
other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

     (i) if to a Borrower, to it at Perryville Corporate Park, Service Road East 173,
Clinton, New Jersey 08809, Attention of the Treasurer (Telecopy No. (908) 730-5300) and the
General Counsel (Telecopy No. (908) 730-5300);

     (ii) if to a Guarantor, to it care of the Company at the address indicated in clause
(i) above;

     (iii) if to the Administrative Agent, to BNP Paribas, 787 Seventh Avenue, New York, New
York 10019, Attention of Dina Wilson (Telecopy No. (201) 850-4020) and Ryan Masajo (Telecopy
No (201) 850-4020); and

     (iv) if to any Lender (including to BNP Paribas in its capacity as the Issuing Lender),
to it at its address (or telecopy number) set forth in its Administrative Questionnaire.

          (b) Electronic Communications. Notices and other communications to the Lenders
hereunder may be delivered or furnished by electronic communications pursuant to procedures
approved by the Administrative Agent; provided that the foregoing shall not apply to
notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the
applicable Lender. The Administrative Agent and the Company may, in its discretion, agree to
accept notices and other communications hereunder to the Administrative Agent or the Borrowers, as
the case may be, by electronic communications pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or
communications.

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          (c) Changes to Notice Information. Any party hereto may change its address or
telecopy number for notices and other communications hereunder by notice to the other parties
hereto. All notices and other communications given to any party hereto in accordance with the
provisions of this Agreement shall be deemed to have been given on the date of receipt.

          SECTION 11.02. Waivers; Amendments.

          (a) Waivers. No failure or delay by the Administrative Agent, any Issuing Lender or
any Lender in exercising any right or power hereunder shall operate as a waiver thereof, nor shall
any single or partial exercise of any such right or power, or any abandonment or discontinuance of
steps to enforce such a right or power, preclude any other or further exercise thereof or the
exercise of any other right or power. The rights and remedies of the Administrative Agent, the
Issuing Lenders and the Lenders hereunder are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of any provision of this Agreement or consent
to any departure by any Obligor therefrom shall in any event be effective unless the same shall be
permitted by paragraph (b) of this Section 11.02, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. Without limiting the
generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be
construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or
any Issuing Lender may have had notice or knowledge of such Default at the time.

          (b) Amendments. Neither this Agreement nor any provision hereof may be waived,
amended or modified except pursuant to an agreement or agreements in writing entered into by the
Company and the Required Lenders or by the Company and the Administrative Agent with the consent of
the Required Lenders; provided that no such agreement shall:

     (i) increase the Commitment of any Lender without the consent of such Lender;

     (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of
interest thereon, or reduce any fees payable hereunder, without the consent of each Lender
directly affected thereby;

     (iii) amend Article III without the consent of the Administrative Agent, the
Swingline Lender, the Issuing Lender and the Required Lenders;

     (iv) postpone the scheduled date of payment of the principal amount of any Loan or LC
Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount
of, waive or excuse any such payment, or postpone the scheduled date of expiration or
reduction of any Commitment, or postpone the ultimate expiration date of any Letter of
Credit beyond the Commitment Termination Date, without the consent of each Lender directly
affected thereby;

     (v) change paragraph (a), (b) or (c) of Section 2.16 in a manner that would
alter the pro rata sharing of payments or prepayments required thereby, without in each case
the consent of each Lender affected thereby;

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     (vi) change any of the provisions of this Section 11.02 or the percentage in
the definition of “Required Lenders” without the consent of each Lender or any other
provision hereof specifying the number or percentage of Lenders required to waive, amend or
modify any rights hereunder or make any determination or grant any consent hereunder,
without the written consent of each affected Lender; or

     (vii) except as otherwise expressly provided in this Agreement, release a Significant
Subsidiary from its obligations (if any) under Article IV without the consent of
each Lender, except in connection with the disposition of all of the Equity Interests in
such Significant Subsidiary to a Person that is not an Affiliate in a transaction permitted
hereunder or as to which the Required Lenders have consented (and, in connection with any
such disposition, the Administrative Agent is hereby authorized by all of the Lenders and
hereby agrees to execute and deliver, at the request and expense of the Company, any such
instruments of release with respect to such Significant Subsidiary as the Company shall
reasonably request);

provided further that no such agreement shall amend, modify or otherwise affect the
rights or duties of the Administrative Agent or any Issuing Lender hereunder without the prior
consent of the Administrative Agent or such Issuing Lender, as the case may be.

          For purposes of this Section, the “scheduled date of payment” of any amount shall
refer to the date of payment of such amount specified in this Agreement, and shall not refer to a
date or other event specified for the mandatory or optional prepayment of such amount. In
addition, whenever a waiver, amendment or modification requires the consent of a Lender “directly
affected” thereby, such waiver, amendment or modification shall, upon consent of such Lender,
become effective as to such Lender whether or not it becomes effective as to any other Lender, so
long as the Required Lenders consent to such waiver, amendment or modification as provided above.

          (c) Amendments to Security Documents. No Security Document nor any provision thereof
may be waived, amended or modified, nor may the Liens thereof be spread to secure any additional
obligations (other than any increase contemplated in Section 2.01(b) or 2.08(e)) or
obligations with respect to any Liens on the Collateral granted to any Person pursuant to
Section 8.02(n)) except pursuant to an agreement or agreements in writing entered into by a
Borrower and by the Administrative Agent with the consent of the Required Lenders; provided
that, (i) without the written consent of each Lender, no such agreement shall release all or
substantially all of the Obligors from their respective obligations under all or substantially all
of the Security Documents and (ii) without the written consent of each Lender, no such agreement
shall release all or substantially all of the collateral security or otherwise terminate all or
substantially all of the Liens under all or substantially all of the Security Documents, alter the
relative priorities of the obligations entitled to the benefit of the Liens created under the
Security Documents (except in connection with securing additional obligations equally and ratably
with the Loans and other obligations hereunder or obligations with respect to any Liens on the
Collateral granted to any Person pursuant to Section 8.02(n)) with respect to all or
substantially all of the collateral security provided thereby, except that no such consent shall be
required to release any Lien or to amend any local law Security Documents covering property that is
the subject of either a disposition of property permitted hereunder or a disposition to which the

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Required Lenders have consented (and, in connection with any such permitted disposition, the
Administrative Agent hereby agrees to execute and deliver, at the request and expense of the
Company, any such instruments of release or amendment with respect to such property as shall be
reasonably requested by the Company).

          (d) Release. At such time as (i) the Commitments have expired or been terminated and
the principal of and interest on each Loan and all fees payable hereunder shall have been paid in
full and all Letters of Credit shall have expired or terminated or shall have been Defeased and all
LC Disbursements outstanding at such time shall have been reimbursed, and the other Obligations
under the Loan Documents (other than (x) obligations under Sections 2.14, 2.15,
11.03 and 11.04 and Article X that are not then due and payable and (y) for
the avoidance of doubt obligations under or in respect of Hedging Agreements and Cash Management
Obligations) shall have been paid in full in cash or (ii) the Administrative Agent shall have
received evidence that both S&P and Moody’s have issued Ratings of at least BBB— and at least
Baa3, respectively, in either such case referred to in the preceding clauses (i) and (ii), all
Liens created by the Security Documents and the Guarantees of the Obligors hereunder shall be
automatically released and terminated. Without limiting the generality of the foregoing, the
Administrative Agent shall, if so requested by any Obligor at or after such release and
termination, execute, deliver and (if necessary) acknowledge such termination statements or
releases as may be necessary or reasonably appropriate to confirm, assure or give notice of such
termination and take such actions as may be necessary to redeliver or release all Collateral within
its control, in each case at the expense of such Obligor. Each Lender hereby acknowledges, on
behalf of itself, any of its Affiliates and each Eligible Hedging Counterparty and Eligible Cash
Manager, that the Administrative Agent shall be authorized to effect the releases described in this
paragraph (d) notwithstanding that the obligations owing to such Lender or Eligible Hedging
Counterparty under Hedging Agreements to which they are party, or the Cash Management Obligations
owing to such Eligible Cash Manager, as the case may be, shall not have been paid or terminated.

          (e) Permitted Dispositions. Upon any sale of Collateral permitted hereby, the Liens
of the Security Documents therein shall be automatically released. In that connection, the
Administrative Agent shall, if so requested by such Obligor at or after such sale, execute, deliver
and (if necessary) acknowledge such termination statements or releases as may be necessary or
reasonably appropriate to confirm, assure or give notice of such release, in each case at the
expense of such Obligor.

          (f) Release of Foreign Subsidiary. At such time as any Foreign Subsidiary of an
Obligor is no longer a direct subsidiary of any Obligor as a result of any transaction permitted by
this Agreement, the Administrative Agent agrees, at the expense and request of the Company, to
release and terminate automatically and irrevocably (i) all Liens granted by such Foreign
Subsidiary and (ii) all Guaranteed Obligations of such Foreign Subsidiary as a Guarantor. In that
connection, the Administrative Agent shall, if so requested by such Obligor at or after such
transaction, execute, deliver and (if necessary) acknowledge such termination statements or
releases as may be necessary or reasonably appropriate to confirm, assure or give notice of such
release, in each case at the expense of such Obligor.

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          (g) Notwithstanding anything contained herein to the contrary, if the Administrative Agent and
the Company shall have jointly identified (each in its sole discretion) an obvious error or
omission of a technical or immaterial nature, in each case, in any provision of the Loan Documents,
then the Administrative Agent and the applicable Obligors shall be permitted to amend such
provision and such amendment shall become effective without any further action or consent of any
other party to any Loan Document if the same is not objected to in writing by the Required Lenders
within five Business Days following the notification of such amendment by the Administrative Agent
to the Lenders.

          SECTION 11.03. Expenses; Indemnity; Damage Waiver.

          (a) Expenses. The Obligors jointly and severally agree to pay, or reimburse the
Administrative Agent or Lenders for paying, (i) all reasonable out-of-pocket expenses incurred by
the Administrative Agent and its Affiliates, including the reasonable fees, charges and
disbursements of Special Counsel, in connection with the syndication of the credit facilities
provided for herein, the preparation of this Agreement and the other Loan Documents or any
amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by any Issuing Lender in connection with the issuance, amendment,
renewal or extension of any Letter of Credit or any demand for payment thereunder, (iii) all
out-of-pocket expenses incurred by the Administrative Agent, any Issuing Lender or any Lender,
including the fees, charges and disbursements of any counsel for such Administrative Agent, Issuing
Lender or Lender, in connection with the enforcement or protection of its rights in connection with
this Agreement and the other Loan Documents, including its rights under this Section, or in
connection with the Loans made or Letters of Credit issued hereunder, including in connection with
any workout, restructuring or negotiations in respect thereof, and (iv) all transfer, stamp,
documentary or other similar taxes, assessments or charges levied by any governmental or revenue
authority in respect of this Agreement or any of the other Loan Documents or any other document
referred to herein or therein and all costs, expenses, taxes, assessments and other charges
incurred in connection with any filing, registration, recording or perfection of any security
interest contemplated by any Security Document or any other document referred to therein.

          (b) Indemnification by Obligors. The Obligors jointly and severally agree to
indemnify the Administrative Agent, each Issuing Lender and each Lender, and each Related Party of
any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and
hold each Indemnitee harmless from, any and all losses (other than loss of profit), claims,
damages, liabilities and related expenses, including the fees, charges and disbursements of any
counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, the other Loan
Documents or any agreement or instrument contemplated hereby, the performance by the parties hereto
and thereto of their respective obligations hereunder or thereunder or the consummation of the
Transactions or any other transactions contemplated hereby or thereby, (ii) any Loan or Letter of
Credit or the use of the proceeds therefrom (including any refusal by an Issuing Lender to honor a
demand for payment under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged
presence or release of Hazardous Materials on or from any property owned or

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operated by any Obligor or any of their subsidiaries, or any Environmental Liability related
in any way to any Obligor or any of their subsidiaries, or (iv) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based
on contract, tort or any other theory and regardless of whether any Indemnitee is a party
thereto; provided that such indemnity shall not, as to any Indemnitee, be available to
the extent that such losses, claims, damages, liabilities or related expenses are determined
by a court of competent jurisdiction by final and nonappealable judgment to have resulted from
the gross negligence or willful misconduct of such Indemnitee.

          (c) Indemnification by Lenders. To the extent that the Obligors fail to pay any
amount required to be paid by them to the Administrative Agent under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to the Administrative Agent such Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment
is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted
against the Administrative Agent in its capacity as such.

          To the extent that the Obligors fail to pay any amount required to be paid by them to an
Issuing Lender of any Class under paragraph (a) or (b) of this Section 11.03, each
Revolving Credit Lender severally agrees to pay to such Issuing Lender such Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment
is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted
against such Issuing Lender in its capacity as such.

          (d) Waiver of Indirect or Consequential Damages, Etc. To the extent permitted by
applicable law, none of the Obligors shall assert, and each Obligor hereby waives, any claim
against any Indemnitee, on any theory of liability, for special, indirect, consequential or
punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as
a result of, this Agreement, the other Loan Documents or any agreement or instrument contemplated
hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds
thereof.

          (e) Payment upon Demand. All amounts due under this Section 11.03 shall be
payable promptly after written demand therefor.

          SECTION 11.04. Taxes.

          (a) Payments Free of Taxes. Any and all payments or prepayments by or on account of
any obligation of any Obligor hereunder or under any other Loan Document shall be made free and
clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if
any Obligor or the Administrative Agent shall be required to deduct any Indemnified Taxes or Other
Taxes from any such payments or prepayments, then (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section) the Administrative Agent, Lender or Issuing Lender (as
the case may be) receives an amount equal to the sum it would have received had no such deductions
been made, (ii) such Obligor shall make such deductions and

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(iii) such Obligor shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

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

          (c) Indemnification by Obligors. Each Obligor shall indemnify the Administrative
Agent, each Lender and each Issuing Lender for, and within 20 Business Days after written demand
therefor, pay the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes
or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid
by the Administrative Agent, such Lender or such Issuing Lender, as the case may be, with respect
to any payment by or on account of any obligation of such Obligor hereunder or under any other Loan
Document (including any interest or penalties with respect thereto) whether or not such Indemnified
Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to Obligor by a
Lender or such Issuing Lender, or by the Administrative Agent on its own behalf or on behalf of a
Lender or such Issuing Lender, shall be conclusive absent manifest error.

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

          (e) Foreign Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which an Obligor is located, or
any treaty to which such jurisdiction is a party, with respect to payments and prepayments under
this Agreement shall deliver to such Obligor (with a copy to the Administrative Agent), at the time
or times prescribed by applicable law or reasonably requested by such Obligor, such properly
completed and executed documentation prescribed by applicable law (including W-8BEN, W-8ECI, W-8EXP
and W-8IMY) as will permit such payments and prepayments to be made without withholding or at a
reduced rate.

          In addition, any Lender, if requested by the Company or the Administrative Agent, shall
deliver such other documentation prescribed by applicable law or reasonably
requested by the Company or the Administrative Agent as will enable the Company or the
Administrative Agent to determine whether or not such Lender is subject to backup withholding or
information reporting requirements.

          (f) Internal Revenue Service Forms. The Administrative Agent shall deliver to the
Company, on or before the Restatement Effective Date, two duly completed copies of Internal Revenue
Service Form W-8IMY certifying that it is a “U.S. branch” and that the payments it receives for the
account of others are not effectively connected with the conduct of its trade or business in the
United States of America and that it is using such form as evidence of its agreement with the
Company to be treated as a United States person with respect to such payments (and the Company and
the Administrative Agent agree to so treat the Administrative

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Agent as a United States person with respect to such payments), with the effect that the Obligors can make payments to the
Administrative Agent without deduction or withholding of any Taxes imposed by the United States of
America.

          (g) Treatment of Certain Refunds. If the Administrative Agent, any Lender or an
Issuing Lender determines, in its sole discretion, that it has received a refund of any Indemnified
Taxes or Other Taxes as to which it has been indemnified by any Obligor or with respect to which an
Obligor has paid additional amounts pursuant to this Section, it shall pay to such Obligor an
amount equal to such refund (but only to the extent of indemnity payments made, or additional
amounts paid, by such Obligor under this Section with respect to the Indemnified Taxes or Other
Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses of the
Administrative Agent, such Lender or such Issuing Lender, as the case may be, as reasonably
determined in the Administrative Agent’s or such Lender’s reasonable discretion and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such
refund), provided that such Obligor, upon the request of the Administrative Agent, such
Lender or such Issuing Lender, agrees to repay the amount paid over to such Obligor (plus any
penalties, interest or other charges imposed by the relevant Governmental Authority) to the
Administrative Agent, such Lender or such Issuing Lender in the event the Administrative Agent,
such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority.
This subsection shall not be construed to require the Administrative Agent, any Lender or an
Issuing Lender to make available its tax returns or its books or records (or any other information
relating to its taxes that it deems confidential) to any Obligor or any other Person. Nothing in
this paragraph (g) is intended to, nor shall anything in this paragraph (g) be construed to,
require the Administrative Agent or any Lender to alter or supplement any policy, procedure or
system with respect to the identification, tracking and allocation of tax refunds and neither the
Administrative Agent nor any Lender shall have any liability to any Obligor by reason of its
non-identification of any such refund.

          SECTION 11.05. Payments; Currency.

          (a) Payments Generally. Each Borrower shall make each payment and prepayment required
to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC
Disbursements, or under Section 2.14, 2.15, or 11.04, or otherwise) or
under any other Loan Document (except to the extent otherwise provided therein) prior to 2:00 p.m.,
New York City time, on the date when due, in immediately available funds, without set-off or
counterclaim. Any amounts received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding Business Day for
purposes of calculating interest thereon. All such payments and prepayments shall be made to the
Administrative Agent to the Administrative Agent’s Account, except as otherwise expressly provided
in the relevant Loan Document and except payments to be made directly to an Issuing Lender or the
Swingline Lender as expressly provided herein and payments pursuant to Sections 2.14,
2.15, 11.03 and 11.04, which shall be made directly to the Persons entitled
thereto. If any payment or prepayment hereunder shall be due on a day that is not a Business Day,
the date for payment or prepayment, as the case may be, shall be extended to the next succeeding
Business Day and, in the case of any payment or prepayment accruing interest, interest thereon
shall be payable for the period of such extension.

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          The Administrative Agent shall distribute any payments received by it for account of any other
Person to the appropriate recipient promptly following receipt thereof, provided that,
subject to any contrary provisions in the Security Documents, any such payment received by it upon
the exercise of remedies hereunder or under the other Loan Documents shall be applied to the
Obligations hereunder in the following order:

     first, to the payment of the costs and expenses of collecting such payments,
including reasonable out-of-pocket costs and expenses of the Administrative Agent, and the
fees and expenses of its agents and counsel, in each case in such order as the
Administrative Agent shall in its sole discretion determine;

     second, to the payment of the Obligations (including cover for Letters of
Credit outstanding hereunder), in each case ratably in accordance with the respective
amounts thereof (except that the portion, if any, of LC Disbursements made by the respective
Issuing Lenders in excess of the amount thereof that the Revolving Credit Lenders are
required to pay to the Issuing Lenders under Section 2.05(e) in respect of drawings
on Letters of Credit shall be paid in full prior to the payment of any other Obligations);
and

     third, after payment in full of the Obligations, to the payment to the Obligors
as specified by the Company to the Administrative Agent.

          
(b) Currency of Payment. All amounts owing under this Agreement or under any other
Loan Document (except to the extent, if any, otherwise provided therein) are payable in Dollars.

          
SECTION 11.06. Mitigation Obligations. If any Lender requests compensation under Section 2.14, or if any Borrower is required
to pay any additional amount to any Lender or any Governmental Authority for account of any Lender
pursuant to Section 11.04, then such Lender shall use reasonable efforts to designate a
different lending office for funding or booking its Loans hereunder or to assign its rights and
obligations, hereunder to another of its offices, branches or affiliates, if, in the judgment of
such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant
to Section 2.14 or 11.04, as the case may be, in the future and (ii) would not
subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous
to such Lender. Each Borrower hereby agrees to pay all reasonable costs and expenses incurred by
any Lender in connection with any such designation or assignment.

          
SECTION 11.07. Reallocation of Exposures.
On the date of occurrence of any Event of Default described in paragraph (h) or (i) of
Article IX with respect to the Parent, FWL, Holdco, any Borrower or any Obligor
constituting a Significant Subsidiary, the Administrative Agent shall calculate the amount of the
Section 11.07 Exposure (as defined below) of each Revolving Credit Lender and each Incremental
Lender of each Series on such date (the “Calculation Date”), and the percentage that each
such amount represents of the aggregate amount of the Section 11.07 Exposures of all of the Lenders
on the Calculation Date (such percentage being referred to herein as the “Credit
Percentage” for the Lender holding such amount).

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          Upon each date on or after the Calculation Date upon which any of the events described below
shall occur, the Lenders shall take the actions described below in this Section with the objective
of ensuring that any reductions in Section 11.07 Exposure after the Calculation Date are shared
ratably among the Lenders in accordance with their respective Credit Percentages:

     (a) in the case of a payment (including by way of offset or counterclaim or otherwise)
of any principal of any Revolving Credit Loan or Incremental Loan of any Series, or any
payment to any Lender in respect of an LC Disbursement under a Letter of Credit following a
drawing thereunder, each Lender receiving any such payment in an amount greater than its
Credit Percentage of the aggregate remaining Section 11.07 Exposure of all of the Lenders
shall purchase participations in the Section 11.07 Exposure of each of the other Lenders in
such amounts as shall be necessary so that the benefit of such payment is shared by the
Lenders ratably in accordance with their respective Credit Percentages;

     (b) in the case of a payment (including by way of offset or counterclaim or otherwise)
of any interest or fees owing under this Agreement as of the Calculation Date, each Lender
receiving any such payment in an amount greater than its Credit Percentage of the aggregate
remaining Section 11.07 Exposure of all of the Lenders shall purchase participations in the
Section 11.07 Exposure of each of the other Lenders in such amounts as shall be necessary so
that the benefit of such payment is shared by the Lenders ratably in accordance with their
respective Credit Percentages (it being understood that payment made in respect of interest
and fees accruing under this Agreement after the Calculation Date shall not be subject to
this Section); and

     (c) in the case of a termination or expiration of a Letter of Credit without any
drawing thereunder, each Lender receiving a reduction in its Section 11.07 Exposure as a
result thereof in an amount greater than its Credit Percentage of the aggregate remaining
Section 11.07 Exposure of all of the Lenders shall purchase participations in the Section
11.07 Exposure of each of the other Lenders in such amounts as shall be necessary so that
the benefit of such reduction is shared by the Lenders ratably in accordance with their
respective Credit Percentages.

          Any purchase of a participation in the principal of a Loan, or any interest or fees, shall be
effected by the purchaser paying to the seller of the participation an amount in cash (at full face
value) equal to the amount of such participation. Any purchase of a participation in a
Letter of Credit shall be effected by the purchaser depositing the cash amount of the
participation to be purchased with the respective Issuing Lender of such Letter of Credit, such
cash to be held by such Issuing Lender as collateral security for the obligation of the purchaser
of such participation to fund its obligation to pay for such participation upon any drawing under
such Letter of Credit, provided that if such Letter of Credit shall expire or be terminated
without being drawn, the amount so deposited shall be reallocated to the extent necessary in
accordance with the foregoing provisions of this Section. Any participation in a Letter of Credit
shall be effected without any requirement of any additional execution or delivery of any documents.

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          The Administrative Agent is hereby authorized and directed by each of the Lenders to effect
the participations described in the preceding paragraph for their account, and to maintain
appropriate records thereof on the Register, without any requirement that payments be formally
remitted to the Lenders prior to the effectuation of such participations.

          For purposes hereof, “Section 11.07 Exposure” means, as at any date, (a) in respect of
any Revolving Credit Lender, the sum of the outstanding principal of such Lender’s Syndicated
Revolving Credit Loans, its LC Exposure (without deducting the balance, if any, in the Letter of
Credit Collateral Account under and as defined in Section 2.05(k)) and Swingline Exposure
on such date together with all accrued interest and fees in respect thereof on such date and (b) in
respect of any Incremental Lender of any Series, the sum of the outstanding principal of such
Lender’s Incremental Loans of such Series on such date, together with all accrued interest in
respect thereof on such date together with all accrued interest and fees in respect thereof on such
date.

          Each Obligor consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Obligor rights of set-off and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of such Obligor in the amount
of such participation.

          SECTION 11.08. Successors and Assigns.

          
(a) Successors Generally. The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns permitted
hereby (including any Affiliate of an Issuing Lender that issues any Letter of Credit), except that
(i) no Borrower may assign or otherwise transfer any of its rights or obligations hereunder without
the prior consent of each Lender (and any attempted assignment or transfer by any Borrower without
such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights
or obligations hereunder except in accordance with this Section. Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto,
their respective successors and assigns permitted hereby (including any Affiliate of an Issuing
Lender that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of
this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the
Administrative Agent, the Issuing Lenders and the Lenders) any legal or equitable right, remedy or
claim under or by reason of this Agreement.

          (b) Assignments by Lenders.

          
(i)  Assignments Generally. Subject to the conditions set forth in paragraph (b)(ii)
below, any Lender may assign to one or more assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans at the
time held by it) with the prior written consent (such consent not to be unreasonably withheld) of:

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

     (B) the Administrative Agent, provided that no consent of the Administrative
Agent shall be required for an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund; and

     (C) in the case of any assignment of the Revolving Credit Commitments, the Swingline
Lender and each Issuing Lender.

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

     (A) except in the case of an assignment to a Lender or an Affiliate (or Approved Fund)
of a Lender or an assignment of the entire remaining amount of the assigning Lender’s
Revolving Credit or Incremental Loan Commitment or Loans of any Class, the amount of the
Commitment or Loans of the assigning Lender subject to each such assignment (determined as
of the date the Assignment and Assumption with respect to such assignment is delivered to
the Administrative Agent) shall not be less than $2,500,000 unless each of the Company and
the Administrative Agent otherwise consent, provided that (x) no such consent of the
Company shall be required if an Event of Default has occurred and is continuing and (y) in
determining the amount of any assignment, simultaneous assignments to or from two or more
affiliated Approved Funds shall be aggregated);

     (B) each partial assignment of any Revolving Credit or Incremental Loan Commitment or
Revolving Credit or Incremental Loans shall be made as an assignment of a proportionate part
of all the assigning Lender’s rights and obligations under this Agreement in respect of such
Revolving Credit or Incremental Loan Commitment and Loans, as applicable, provided
that this clause shall not be construed to prohibit the assignment of a proportionate part
of all the assigning Lender’s rights and obligations in respect of one Class of Revolving
Credit or Incremental Loan Commitments or Revolving Credit or Incremental Loans,

     (C) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500, provided that simultaneous assignments to or from two or more affiliated
Approved Funds shall be treated as a single assignment for purposes of such fee, and

     (D) the assignee, if not already a Lender, shall deliver to the Administrative Agent an
Administrative Questionnaire and any applicable tax forms as may be requested by the
Administrative Agent.

          (iii) Effectiveness of Assignments. Subject to acceptance and recording thereof
pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each
Assignment and Assumption, the assignee thereunder shall be a party hereto and, to the

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extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a
Lender under this Agreement in addition to any rights and obligations theretofore held by it as a
Lender, and the assigning Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Assumption, be released from its obligations under this Agreement (and, in the case
of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to
the benefits of Sections 2.14, 2.15, 11.03 and 11.04, as
applicable). Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this paragraph (b) shall be treated for purposes of this Agreement as a
sale by such Lender of a participation in such rights and obligations in accordance with paragraph
(c) of this Section.

          (iv) Maintenance of Register. The Administrative Agent, acting for this purpose as an
agent of the Borrowers, shall maintain at one of its offices a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Revolving Credit and Incremental Loan Commitments of each Class and principal
amount of Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time
to time (the “Register”). The entries in the Register shall be conclusive, and the
Company, the Administrative Agent, the Issuing Lenders and the Lenders may treat each Person whose
name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all
purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by any Borrower or any Issuing Lender, at any reasonable time and from
time to time upon reasonable prior notice. Any Lender shall be entitled to obtain confirmation
from the Administrative Agent of the entries in the Register with respect to such Lender for
purposes of verifying the amount of its Revolving Credit Commitments and Incremental Loan
Commitments recorded in the Register.

          (v) Acceptance of Assignments by Administrative Agent. Upon its receipt of a duly
completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder),
applicable tax forms, if any, requested by the Administrative Agent (unless the assignee shall
already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b)(ii)(C) of this Section and any written consent to such assignment required by paragraph (b)(i)
of this Section, the Administrative Agent shall accept such Assignment and Assumption and record
the information contained therein in the Register. No assignment shall be effective for purposes
of this Agreement unless it has been recorded in the Register as provided in this paragraph.

          (c) Participations.

          (i) Participations Generally. Any Lender may, without the consent of the Company, the
Administrative Agent, the Swingline Lender or any Issuing Lender, sell participations to one or
more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights
and obligations under this Agreement (including all or a portion of the Commitments and Loans held
by it); provided that (A) such Lender’s obligations under this Agreement shall remain
unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Company, the Administrative

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Agent, the Issuing Lenders and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement. Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement or instrument may provide
that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in the first proviso to Section 11.02(b), or the first
proviso to Section 11.02(c), that affects such Participant. Subject to paragraph (c)(ii)
of this Section, the Company agrees that each Participant shall be entitled to the benefits of
Sections 2.14, 2.15, 11.03 and 11.04, as applicable, to the same
extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b)
of this Section. To the extent permitted by law, each Participant also shall be entitled to the
benefits of Section 11.12 as though it were a Lender, provided that such
Participant agrees to be subject to Section 2.16(c) as though it were a Lender.

          (ii) Limitations on Rights of Participants. A Participant shall not be entitled to
receive any greater payment under Section 2.14 or 11.04 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the participation to such Participant is made with the Company’s prior written
consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to
the benefits of Section 11.04 unless the Company is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Company, to comply with
Section 11.04(e) as though it were a Lender.

          (d) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement to secure obligations of such Lender,
including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this
Section shall not apply to any such pledge or assignment of a security interest; provided
that no such pledge or assignment of a security interest shall release a Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

          SECTION 11.09. Survival.
All covenants, agreements, representations and warranties made by the Obligors herein and in
the other Loan Documents, and in the certificates or other instruments delivered in connection with
or pursuant to this Agreement and the other Loan Documents, shall be considered to have been relied
upon by the other parties hereto and shall survive the execution and delivery of this Agreement and
the other Loan Documents and the making of any Loans and
issuance of any Letters of Credit, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Lender or any
Lender may have had notice or knowledge of any Default or incorrect representation or warranty at
the time any credit is extended hereunder, and shall continue in full force and effect so long as
the principal of or any accrued interest on any Loan or any fee or any other amount payable under
this Agreement or the other Loan Documents is outstanding and unpaid or any Letter of Credit is
outstanding and so long as the Commitments have not expired or terminated. The provisions of
Sections 2.14, 2.15, 11.03 and 11.04 and Article X shall
survive and remain in full force and effect regardless of the consummation of the transactions
contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of

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Credit, or the termination of this Agreement or any other Loan Document or any provision hereof or
thereof. The provisions of Sections 2.14, 2.15, 11.03 and 11.04
and Article X of the Existing Credit Agreement shall survive and remain in full force and
effect notwithstanding this amendment and restatement of the Existing Credit Agreement.

          SECTION 11.10. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Agreement and any separate letter agreements
with respect to fees payable to the Administrative Agent constitute the entire contract among the
parties relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 6.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
which, when taken together, bear the signatures of each of the other parties hereto, and thereafter
shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement
by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

          Each initial Lender shall become a party to this Agreement by delivering to the Administrative
Agent a Lender Addendum duly executed by such Lender and the Borrowers and, by executing its Lender
Addendum, each such Lender agrees to be bound by the provisions hereof with the Revolving Credit
Commitment set forth opposite its name in such Lender Addendum.

          SECTION 11.11. Severability.
Any provision of this Agreement held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity,
illegality or unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof; and the invalidity of a particular provision in a particular
jurisdiction shall not invalidate such provision in any other jurisdiction.

          SECTION 11.12. Right of Setoff.
If an Event of Default shall have occurred and be continuing, each Lender is hereby authorized
at any time and from time to time, to the fullest extent permitted by law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final) at
any time held and other Indebtedness at any time owing by such Lender or any branch, agency or
Affiliate thereof to or for the credit or the account of any Obligor against any of and all the
obligations of any Obligor now or hereafter existing under this Agreement, irrespective of whether
or not such Lender shall have made any demand under this Agreement and although such obligations
may be unmatured. The rights of each Lender under this Section 11.12 are in addition to
any other rights and remedies (including other rights of setoff) which such Lender may have. Each
Lender exercising any such right of set off shall promptly provide notice thereof to the Company
and the Administrative Agent (it being understood that failure to deliver such notice shall not
affect the validity of such set off).

- 109 -

 

          SECTION 11.13. Governing Law; Jurisdiction; Consent to Service of Process.

          (a) Governing Law. This Agreement shall be construed in accordance with and governed
by the law of the State of New York.

          (b) Submission to Jurisdiction. Each of the parties hereto hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the
Supreme Court of the State of New York sitting in New York County and of the United States District
Court of the Southern District of New York, and any appellate court from any thereof, in any action
or proceeding arising out of or relating to this Agreement or any of the other Loan Documents, or
for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably
and unconditionally agrees that all claims in respect of any such action or proceeding may be heard
and determined in any such New York State court or, to the extent permitted by law, in any such
federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law. Nothing in this Agreement shall affect any right that any
party may otherwise have to bring any action or proceeding relating to this Agreement or the Notes,
if any, in the courts of any jurisdiction.

          (c) Waiver of Venue, Etc. Each of the parties hereto irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any objection that it may now
or hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Agreement or any other Loan Document in any New York State or federal court. Each
of the parties hereto irrevocably waives, to the fullest extent permitted by law, the defense of an
inconvenient forum to the maintenance of such action or proceeding in any such court. Each of the
parties hereto agrees that a final judgment in any such action, suit or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or any other manner
provided by law.

          (d) Process Agent. Each party to this Agreement irrevocably consents to service of
process in the manner provided for notices in Section 11.01. In addition, each Obligor not
organized in the United States of America or a State thereof (each such Obligor being herein called
a “Foreign Obligor”) hereby irrevocably appoints CT Corporation System (the “Process
Agent”) with an office on the date hereof at 111 Eighth Avenue, 13th Floor, New York, New York
10011, United States, as its agent to receive on behalf of such Obligor and its property service of
copies of the summons and complaint and any other process which may be served in any such action or
proceeding. Such service may be made by mailing or delivering a copy of
such process to such Obligor in care of the Process Agent at the Process Agent’s above
address, and such Obligor hereby irrevocably authorizes and directs the Process Agent to accept
such service on its behalf. As an alternative method of service, each Obligor also irrevocably
consents to the service of any and all process in any such action or proceeding by the mailing of
copies of such process to such Obligor at its address specified in Section 11.01 (such
service to be effective seven days after mailing thereof). Each Foreign Obligor covenants and
agrees that it shall take any and all reasonable action, including the execution and filing of any
and all documents, that may be necessary to continue the designation of the Process Agent above in
full force and effect, and to cause the Process Agent to continue to act as such.

- 110 -

 

          (e) Other Process. Nothing in this Section shall affect the right of any Lender or
the Administrative Agent to serve legal process in any other manner permitted by applicable law or
affect the right of any Lender or the Administrative Agent to bring any suit, action or proceeding
against each Obligor or its property in the courts of other jurisdictions.

          SECTION 11.14. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 11.14.

          SECTION 11.15. Judgment Currency. This is an international loan transaction in which the specification of Dollars or a
Foreign Currency, as the case may be (the “Specified Currency”), and payment in New York
City or the city specified by the Administrative Agent for the payment of such Foreign Currency, as
the case may be (the “Specified Place”), is of the essence, and the Specified Currency
shall be the currency of account in all events relating to Loans or other obligations denominated
in the Specified Currency. The payment obligations of any Obligor under this Agreement shall not
be discharged or satisfied by an amount paid in another currency or in another place, whether
pursuant to a judgment or otherwise, to the extent that the amount so paid on conversion to the
Specified Currency and transfer to the Specified Place under normal banking procedures does not
yield the amount of the Specified Currency at the Specified Place due hereunder. If for the
purpose of obtaining judgment in any court it is necessary to convert a sum due hereunder in the
Specified Currency into another currency (the “Second Currency”), the rate of exchange that
shall be applied shall be the rate at which in accordance with normal banking procedures the
Administrative Agent could purchase the Specified Currency with the Second Currency on the Business
Day next preceding the day on which such judgment is rendered.

          The obligation of any Obligor in respect of any such sum due from it to the Administrative
Agent or any Lender hereunder (in this Section called an “Entitled Person”) shall,
notwithstanding the rate of exchange actually applied in rendering such judgment, be discharged
only to the extent that on the Business Day following receipt by such Entitled Person of any sum
adjudged to be due hereunder in the Second Currency such Entitled Person may in accordance with
normal banking procedures purchase and transfer to the Specified Place the Specified Currency with
the amount of the Second Currency so adjudged to be due; and such Obligor hereby, as a separate
obligation and notwithstanding any such judgment, agrees to indemnify such Entitled Person against,
and to pay such Entitled Person on demand, in the Specified Currency, the amount (if any) by which
the sum originally due to such Entitled Person in the Specified Currency hereunder exceeds the
amount of the Specified Currency so purchased and transferred.

- 111 -

 

          SECTION 11.16. No Immunity. To the extent that any Obligor organized outside the United States of America may be or
become entitled, in any jurisdiction in which judicial proceedings may at any time be commenced
with respect to this Agreement or the other Loan Documents, to claim for itself or its properties
or revenues any immunity from suit, court jurisdiction, attachment prior to judgment, attachment in
aid of execution of a judgment, execution of a judgment or from any other legal process or remedy
relating to its obligations under this Agreement or the other Loan Documents, and to the extent
that in any such jurisdiction there may be attributed such an immunity (whether or not claimed),
such Obligor hereby irrevocably agrees not to claim and hereby irrevocably waives such immunity to
the fullest extent permitted by the laws of such jurisdiction.

          SECTION 11.17. Treatment of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the Issuing Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, advisors and other representatives (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential), (b) to the extent requested by any regulatory
authority purporting to have jurisdiction over it (including any self-regulatory authority, such as
the National Association of Insurance Commissioners), (c) to the extent required by applicable laws
or regulations or by any subpoena or similar legal process; provided that, unless
prohibited by law or by the rules governing the process requiring such disclosure, (i) it will
promptly notify the Company of the existence, terms and circumstances surrounding such requirement,
(ii) it will consult with the Company on the advisability of taking legally available steps to
resist or narrow such requirement, and (iii) it will identify to the Company any such Information
which is legally required to be disclosed and will exercise commercially reasonable efforts to
obtain an order or other reliable assurance, at the Company’s expense, that confidential treatment
will be accorded to such information, (d) to any other party hereto, (e) in connection with the
exercise of any remedies hereunder or under any other Loan Document or any action or proceeding
relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or
thereunder, (f) subject to an agreement containing provisions substantially the same as those of
this Section, to (i) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to
any Obligor and its obligations, (g) with the consent of the Company or (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Administrative Agent, any Lender, any Issuing Lender or any of their
respective Affiliates on a nonconfidential basis from a source other than the Parent or any of its
Subsidiaries.

          For purposes of this Section, “Information” means all information received from the
Parent or any of its Subsidiaries relating to the Parent or any of its Subsidiaries or any of their
respective businesses, other than any such information that is available to the Administrative
Agent, any Lender or any Issuing Lender on a nonconfidential basis prior to disclosure by the
Parent or any of its Subsidiaries, provided that, in the case of information received from
the Parent or any of its Subsidiaries after the date hereof, such information is clearly identified
at the time of delivery as confidential. Any Person required to maintain the confidentiality of

- 112 -

 

Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such
Information as such Person would accord to its own confidential information.

          SECTION 11.18. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and shall not affect
the construction of, or be taken into consideration in interpreting, this Agreement.

          SECTION 11.19. USA PATRIOT Act. Each Lender hereby notifies the Borrowers that
pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)), such Lender may be required to obtain, verify and record information that
identifies the Borrowers, which information includes the name and address of the Borrowers and
other information that will allow such Lender to identify the Borrowers in accordance with said
Act.

          SECTION 11.20. Effect of Amendment and Restatement of the Existing Credit Agreement.

     (a) On the Restatement Effective Date, the Existing Credit Agreement shall be amended
and restated in its entirety by this Agreement, and the Existing Credit Agreement shall
thereafter be and shall be deemed replaced and superseded in all respects by this Agreement.
The parties hereto acknowledge and agree that (i) this Agreement and the other Loan
Documents, whether executed and delivered in connection herewith or otherwise, do not
constitute a novation or termination of the “Obligations” under the Existing Credit
Agreement or the other Loan Documents as in effect prior to the Restatement Effective Date
and which remain outstanding as of the Restatement Effective Date, (ii) the “Obligations”
under Existing Credit Agreement and the other Loan Documents are in all respects continuing
(as amended and restated hereby and which are in all respects hereinafter subject to the
terms herein) and (iii) the Liens and security interests as granted under the applicable
Loan Documents securing payment of such “Obligations” are in all respects continuing and in full force and effect and are
reaffirmed hereby.

     (b) On and after the Restatement Effective Date, (i) all references to the Existing
Credit Agreement or the “Credit Agreement” in the Loan Documents (other than this Agreement)
shall be deemed to refer to the Existing Credit Agreement as amended and restated hereby,
(ii) all references to any section (or subsection) of the Existing Credit Agreement or the
“Credit Agreement” in any Loan Document (but not herein) shall be deemed to refer to the
corresponding provisions of this Agreement and (iii) except as the context otherwise
provides, on or after the Restatement Effective Date, all references to this Agreement
herein (including for purposes of indemnification and reimbursement of fees) shall be deemed
to be references to the Existing Credit Agreement as amended and restated hereby.

     (c) This amendment and restatement is limited as written and is not a consent to any
other amendment, restatement or waiver or other modification, whether or not similar and,
except as expressly provided herein or in any other Loan Document, all

- 113 -

 

terms and conditions
of the Loan Documents remain in full force and effect unless otherwise specifically amended
hereby or by any other Loan Document.

     (d) The Lenders hereby authorize and direct the Administrative Agent to execute and
deliver all Security Documents and other documents or instruments necessary or advisable to
effect this amendment and restatement, including, for the avoidance of doubt, any
modifications to any mortgages previously executed and delivered to the Administrative Agent
by any Obligor.

- 114 -

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized representatives as of the day and year first above written.

BORROWERS

	 	 	 	 	 	 	 	 	 

	FOSTER WHEELER LLC	 	 	 	FOSTER WHEELER INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Authorized Signatory
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER USA 

CORPORATION	 	 	 	FOSTER WHEELER NORTH

AMERICA CORP.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER ENERGY 

CORPORATION	 	 	 	FOSTER WHEELER

INTERNATIONAL CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FWL	 	 	 	THE PARENT
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER LTD.	 	 	 	FOSTER WHEELER AG
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Franco Baseotto
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Franco Baseotto
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Chief Financial Officer

 

 

HOLDCO

	 	 	 	 	 
	FOSTER WHEELER HOLDINGS LTD.

 	 
	By:  	/s/ Kevin C. Hagan
 	 
	 	Name:  	Kevin C. Hagan 	 
	 	Title:  	Treasurer 	 
	 

- 2 -

 

SUBSIDIARY GUARANTORS

	 	 	 	 	 	 	 	 	 

	FOSTER WHEELER ASIA LIMITED	 	 	 	FOSTER WHEELER ENERGY

MANUFACTURING, INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER

CONSTRUCTORS, INC.	 	 	 	FOSTER WHEELER DEVELOPMENT

CORPORATION
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER ENERGY

SERVICES, INC.	 	 	 	FW EUROPEAN E & C LTD.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer

- 3 -

 

	 	 	 	 	 	 	 	 	 

	PROCESS CONSULTANTS, INC.	 	 	 	PYROPOWER OPERATING SERVICES

COMPANY, INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER INTERCONTINENTAL 

CORPORATION	 	 	 	FOSTER WHEELER FACILITIES

MANAGEMENT, INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER POWER

SYSTEMS, INC.	 	 	 	FOSTER WHEELER INTERNATIONAL

HOLDINGS, INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer

- 4 -

 

	 	 	 	 	 	 	 	 	 

	FOSTER WHEELER PYROPOWER, INC.	 	 	 	FOSTER WHEELER REAL ESTATE

DEVELOPMENT CORP.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER REALTY

SERVICES, INC.	 	 	 	FOSTER WHEELER VIRGIN
ISLANDS, INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer
	 
	 	 	 	 	 	 	 	 
	FOSTER WHEELER ZACK, INC.	 	 	 	FOSTER WHEELER BIOKINETICS, INC.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kevin C. Hagan
	 	 	 	By:
	 	/s/ Kevin C. Hagan
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name: Kevin C. Hagan
	 	 	 	 	 	Name: Kevin C. Hagan
	 

	 	Title: Treasurer
	 	 	 	 	 	Title: Treasurer

- 5 -

 

Executed as a deed by FOSTER

WHEELER (GIBRALTAR) HOLDINGS

LIMITED and signed by 2 directors

	 	 	 	 	 
	 	 
	By:  	/s/ Kevin C. Hagan
 	 
	 	Name:  	Kevin C. Hagan 	 
	 	Title:  	Director 	 
	 
	 	 
	By:  	/s/ Rakesh K. Jindal
 	 
	 	Name:  	Rakesh K. Jindal 	 
	 	Title:  	Director 	 
	 

- 6 -

 

	 	 	 	 	 
	FW HUNGARY LICENSING LIMITED

LIABILITY COMPANY

 	 
	By:  	/s/ Kevin C. Hagan
 	 
	 	Name:  	Kevin C. Hagan 	 
	 	Title:  	Director 	 
	 

- 7 -

 

	 	 	 	 	 
	FINANCIAL SERVICES S.À R.L.

 	 
	By:  	/s/ Kevin C. Hagan
 	 
	 	Name:  	Kevin C. Hagan 	 
	 	Title:  	Manager 	 
	 
	FW HOLDINGS S.À R.L.

 	 
	By:  	/s/ Kevin C. Hagan
 	 
	 	Name:  	Kevin C. Hagan 	 
	 	Title:  	Manager 	 
	 
	FW INVESTMENT HOLDINGS S.À R.L.

 	 
	By:  	/s/ Kevin C. Hagan
 	 
	 	Name:  	Kevin C. Hagan 	 
	 	Title:  	Manager 	 
	 

- 8 -

 

	 	 	 	 	 
	FW FINANCIAL HOLDINGS GMBH

 	 
	By:  	/s/ Rakesh K. Jindal
 	 
	 	Name:  	Rakesh K. Jindal 	 
	 	Title:  	Director 	 
	 

- 9 -

 

	 	 	 	 	 
	FW INVESTMENTS LIMITED

 	 
	By:  	/s/ Rakesh K. Jindal
 	 
	 	Name:  	Rakesh K. Jindal 	 
	 	Title:  	Director 	 
	 

- 10 -

 

ADMINISTRATIVE AGENT

	 	 	 	 	 
	 	BNP PARIBAS, individually and as

Administrative Agent

 	 
	 	By:	 /s/ John Emery 
	 	 	Name: John Emery 	 
	 	 	Title: Managing Director 	 
	 
	 	 	 
	 	By: 	 /s/ Brendan Heneghan
 
	 	 	Name: Brendan Heneghan 	 
	 	 	Title: Vice President 	 
	 

- 11 -Exhibit 10.02

EXHIBIT 10.02

FLEXTRONICS INTERNATIONAL LTD.

2010 EQUITY INCENTIVE PLAN

FORM OF SHARE OPTION AWARD AGREEMENT

This Share Option Agreement (the “Agreement”) is made and entered into as of the date of grant set
forth below (the “Date of Grant”) by and between Flextronics International Ltd., a Singapore
corporation (the “Company”), and the participant named below (the “Participant”). Capitalized
terms not defined herein shall have the meaning ascribed to them in the Company’s 2010 Equity
Incentive Plan (the “Plan”) and this Agreement. The Participant understands and agrees that this
share option (“Option”) is granted subject to and in accordance with the express terms and
conditions of the Plan and the Agreement including any country-specific provisions set forth in
Exhibit B and the Participant further agrees to be bound by the terms and conditions of the Plan
and the Agreement.

The Participant acknowledges receipt of a copy of the official prospectus for the Plan. The
Agreement and Plan Prospectus are available on the Company’s website at
http://home.sjc.flextronics.com/options/reference.asp or by request from the Company’s
Stock Administration Department. The Participant hereby agrees that these documents are deemed to
be delivered to the Participant.

	 	 	 
	Option Number:

	 	<<Option Number>>
	 
	 	 
	Participant:

	 	<<First Name>> <<Last Name>>
	 
	 	 
	Total Option Shares:

	 	<< Number of Shares>>
	 
	 	 
	Exercise Price Per Share:

	$ 	<<Price per Share>>
	 
	 	 
	Date of Grant:

	 	<<Grant Date>>
	 
	 	 
	Expiration Date:

	 	<<Expiration Date>>

Type of Option and Vesting: The Option is a non-qualified stock option (“NQSO”), subject to
vesting as set forth in the chart below (provided the Participant continues to provide services to
the Company or to any Parent or Subsidiary or Affiliate of the Company):

Option Share Vesting Table

	 	 	 
	 
	 	Number of NQSOs Vesting
	25% of shares granted:
	 	Will vest on 1st Anniversary of Grant Date
	75% of shares granted:
	 	Will vest in equal increments over XX months

beginning the first month after the 1st Anniversary

of the Date of Grant [TBC]

1. Grant of Option. The Company hereby grants to the Participant an Option to purchase the
total number of shares of Ordinary Shares of the Company set forth above as Total Option Shares
(the “Shares”) at the Exercise Price Per Share set forth above (the “Exercise Price”), subject to
all of the terms and conditions of this Agreement, including any country-specific provisions set
forth in Exhibit B to this Agreement and the Plan. This Option is not intended to qualify as an
Incentive Stock Option. Instead, this Option shall be a NQSO. Capitalized terms not defined
herein shall have the meaning ascribed to them in the Plan.

 

 

 

2. Vesting; Exercise Period.

2.1 Vesting of Right to Exercise Option. This Option shall be exercisable as
indicated in this Agreement. Subject to the terms and conditions of the Plan and this Agreement
(including any Exhibits thereto), this Option shall vest and become exercisable as to portions of
the Shares pursuant to the Vesting Schedule specified above. If application of the vesting
percentage causes a fractional Share, such Share shall be rounded down to the nearest whole Share
for each month except for the last month in such vesting period, at the end of which last month
this Option shall become vested for the full remainder of the Shares. This Option shall cease to
vest upon the Participant’s Termination of Service and the Participant shall in no event be
entitled under this Option to purchase a number of Shares greater than the Total Option Shares as
set forth above.

2.2 Expiration. This Option shall expire on the Expiration Date set forth above and
must be exercised, if at all, on or before the earlier of the Expiration Date or the date on which
this Option is earlier terminated in accordance with the provisions of Section 3.

3. Termination of Service.

3.1 Termination for Any Reason except Death, Disability or Cause. In the event of the
Participant’s Termination of Service for any reason except the Participant’s death, Disability or
Cause, then this Option, to the extent (and only to the extent) that it is vested in accordance
with the schedule set forth above on the Termination Date, may be exercised by the Participant no
later than three (3) months after the Termination Date, but in any event no later than the
Expiration Date.

3.2 Termination Because of Death or Disability. In the event of the Participant’s
Termination of Service because of death or Disability of the Participant (or the Participant dies
within three (3) months after Termination of Service other than for Cause or because of
Disability), then this Option, to the extent that it is vested in accordance with the schedule set
forth above, may be exercised by the Participant (or the Participant’s legal representative) no
later than twelve (12) months after the Termination Date, but in any event no later than the
Expiration Date.

3.3 Termination for Cause. In the event of the Participant’s Termination of Service
for Cause, this Option will automatically expire on the Participant’s Termination Date.

3.4 No Obligation to Employ. Nothing in the Plan or this Agreement shall confer on
the Participant any right to continue in the employ of, or other relationship with, the Company or
any Parent Subsidiary, or Affiliate, or limit in any way the right of the Company or any Parent,
Subsidiary or Affiliate to terminate the Participant’s employment or service relationship at any
time, with or without cause.

4. Manner of Exercise.

4.1 Share Option Exercise Agreement. To exercise this Option, the Participant (or in
the case of exercise after the Participant’s death, the Participant’s executor, administrator, heir
or legatee, as the case may be) must deliver to the Company an executed share option exercise
agreement in the form attached hereto as Exhibit A, or in such other form as may be
approved by the Company from time to time (the “Exercise Agreement”), which shall set forth,
inter alia, the Participant’s election to exercise this Option, the number of
Shares being purchased, any restrictions imposed on the Shares and any
representations, warranties and agreements regarding the Participant’s investment intent and access
to information as may be required by the Company to comply with applicable securities laws. If
someone other than the Participant exercises this Option, then such person must submit
documentation reasonably acceptable to the Company that such person has the right to exercise this
Option.

 

 

 

4.2 Limitations on Exercise. This Option may not be exercised unless such exercise is
in compliance with all applicable federal, state, local or foreign securities laws, as they are in
effect on the date of exercise. This Option may not be exercised as to fewer than 100 Shares
unless it is exercised as to all Shares as to which this Option is then exercisable.

4.3 Payment. The Exercise Agreement shall be accompanied by full payment of the
Exercise Price for the Shares being purchased in cash (by check), or where permitted by law:

(a) the surrender of Shares or delivery of a properly executed form of attestation of
ownership of Shares as the Committee may require (including withholding of Shares otherwise
deliverable upon exercise of the Award) which have a Fair Market Value on the date of surrender or
attestation equal to the aggregate Exercise Price of the Shares as to which the Option shall be
exercised;

(b) through a “same day sale” commitment by the Participant and a broker-dealer that is a
member of the Financial Industry Regulatory Authority (a “FINRA” dealer) whereby the
Participant irrevocably elects to exercise the Option and to sell a portion of the Shares so
purchased to pay the Exercise Price, and whereby the FINRA dealer irrevocably commits upon receipt
of such Shares, to remit such amounts to the Company;

(c) any other methods acceptable to the Committee, including through the delivery of a notice
that the Participant has placed a market sell order with a broker with respect to Shares then
issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient
portion of the net proceeds of the sale to the Company in satisfaction of the Exercise Price;
provided that payment of such proceeds is then made to the Company upon settlement of such sale; or

(d) by any combination of the foregoing.

4.4 Tax Obligations and Issuance of Shares.

(a) Regardless of any action the Company or the Participant’s employer (the “Employer”) takes
with respect to any or all income tax, social insurance, payroll tax, payment on account or other
tax-related items arising out of the Participant’s participation in the Plan and legally applicable
to the Participant (“Tax-Related Items”), the Participant acknowledges that the ultimate liability
for all Tax-Related Items is and remains the Participant’s responsibility and may exceed the amount
actually withheld by the company and/or the Employer. The Participant further acknowledges that
the Company and/or the Employer (a) make no representations or undertakings regarding the treatment
of any Tax-Related Items in connection with any aspect of the Option, including but not limited to,
the grant, vesting or exercise of this Option, the subsequent sale of Shares acquired pursuant to
such exercise and the receipt of any dividends; and (b) do not commit and are under no obligation
to structure the terms of the grant or any aspect of this Option to reduce or eliminate the
Participant’s liability for Tax-Related Items or achieve any particular tax result. Furthermore,
if the Participant has become subject to tax in more than one jurisdiction between the Date of
Grant and the date of any relevant taxable event, the Participant acknowledges that the Company
and/or the Employer (or former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction.

 

 

 

(b) Prior to the relevant taxable or tax withholding event, as applicable, the Participant
shall pay or make arrangements satisfactory to the Company and/or the Employer to satisfy all
Tax-Related Items. In this regard, the Participant authorizes the Company and/or the Employer, or
their respective agents, at their discretion, to satisfy the Tax-Related Items by one or a
combination of the following (1) withholding from the Participant’s wages or other cash
compensation paid to the Participant by the Company, the Employer, or any Parent, Subsidiary or
Affiliate; or (2) withholding from the proceeds of the sale of Shares acquired at exercise of this
Option either through a voluntary sale or through a mandatory sale arranged by the Company (on the
Participant’s behalf pursuant to this authorization); or (3) withholding in Shares to be issued at
exercise of this Option.

(c) To avoid any negative accounting treatment, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory withholding amounts or other
applicable withholding rates. If the obligation for the Tax-Related Items is satisfied by
withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full
number of Shares subject to the exercised Option, notwithstanding that a number of Shares are held
back solely for the purpose of paying the Tax-Related Items due as a result of the Participant’s
participation in the Plan.

(d) The Participant shall pay to the Company or the Employer any amount of Tax-Related Items
that the Company or the Employer may be required to withhold or account for as a result of the
Participant’s participation in the Plan that cannot be satisfied by the means previously described
in this section. The Company may refuse to issue or deliver the Shares or the proceeds from the
sale of Shares, if the Participant fails to comply with his or her obligations in connection with
the Tax-Related Items.

4.5 Issuance of Shares. Provided that the Exercise Agreement and payment are in form
and substance satisfactory to counsel for the Company, the Company shall issue the Shares
registered in the name of the Participant, or the Participant’s legal representative, and shall
deliver certificates representing the Shares with the appropriate legends affixed thereto.

5. Compliance with Laws and Regulations. The exercise of this Option and the issuance and
allotment of Shares shall be subject to compliance by the Company and the Participant with all
applicable requirements of federal, state, local and foreign securities laws and with all
applicable requirements of any stock exchange on which the Company’s Shares may be listed at the
time of such issuance or allotment. The Participant understands that the Company is under no
obligation to register or qualify the Shares with the Securities and Exchange Commission, any state
securities commission or any stock exchange to effect such compliance.

6. Nontransferability of Option. This Option may not be transferred in any manner other
than by will or by the laws of descent and distribution and may be exercised during the lifetime of
the Participant only by the Participant. The terms of this Option shall be binding upon the
executors, administrators, successors and assigns of Participant.

7. Nature of Grant. In accepting this Option, the Participant acknowledges and agrees
that:

(a) the Plan is established voluntarily by the Company, is discretionary in nature and may be
amended, suspended or terminated by the Company at any time;

(b) the grant of this Option is voluntary and occasional and does not create any contractual
or other right to receive future grants of options, or benefits in lieu of options, even if options
have been granted repeatedly in the past;

 

 

 

(d) all decisions with respect to future option grants, if any, will be at the sole discretion
of the Company;

(e) the Participant’s participation in the Plan is voluntary;

(f) the Participant’s participation in the Plan shall not create a right to further employment
with the Company or the Employer and shall not interfere with the ability of the Company or the
Employer to terminate the Participant’s employment relationship at any time;

(g) this Option is an extraordinary item that does not constitute compensation of any kind for
services of any kind rendered to the Employer, the Company or any Parent, Subsidiary, or Affiliate
of the Company and that is outside the scope of the Participant’s employment or service contract,
if any;

(h) the future value of the Shares underlying this Option is unknown and cannot be predicted
with certainty;

(i) if the Participant exercises this Option and acquires Shares, the value of such Shares may
increase or decrease in value, even below the Exercise Price;

(j) no claim or entitlement to compensation or damages shall arise from the forfeiture of the
Option or the diminution of value of the Shares issued upon exercise resulting from the
Participant’s Termination of Service (for any reason whatsoever and whether or not in breach of
local labor laws), and in consideration of this Option to which the Participant is otherwise not
entitled, the Participant irrevocably agrees never to institute any claim against the Company
and/or the Employer, waives the Participant’s ability, if any, to bring any such claim, and
releases the Company and/or the Employer from any such claim; if, notwithstanding the foregoing,
any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan,
the Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to
execute any and all documents necessary to request dismissal or withdrawal of such claims; and

(k) for the Participants residing outside of the U.S.A:

(A) this Option and any Shares acquired under the Plan are not intended to replace any pension
rights or compensation;

(B) this Option is not part of normal or expected compensation or salary for any purposes,
including, but not limited to, calculating any severance, resignation, termination, redundancy, end
of service payments, dismissal, bonuses, long-service awards, pension or retirement or welfare
benefits or similar payments and in no event should be considered as compensation for, or relating
in any way to past services for the Employer, the Company or any Parent, Subsidiary or Affiliate;
and

(C) in the event of the Participant’s Termination of Service (whether or not in breach of
local labor laws), the Participant’s right to vest in the Option under the Plan, if any, will
terminate effective as of the date of Termination of Service and; the Committee shall have the
exclusive discretion to determine when the Participant is no longer actively providing service for
purposes of this Option.

8. No Advice Regarding Grant. The Company is not providing any tax, legal or financial
advice, nor is the Company making any recommendations regarding the Participant’s participation in
the Plan, or the Participant’s purchase or sale of the Shares acquired upon exercise of this
Option. The Participant is hereby advised to consult with his or her own personal tax, legal and
financial advisors regarding his or her participation in the Plan before taking any action related
to the Plan.

 

 

 

9. Data Privacy. The Participant hereby explicitly and unambiguously consents to the
collection, use and transfer, in electronic or other form, of the Participant’s personal data as
described in this Agreement and any other Option grant materials by and among, as applicable, the
Employer, the Company and its Parent, Subsidiaries and Affiliates for the exclusive purpose of
implementing, administering and managing the Participant’s participation in the Plan.

The Participant understands that the Company and the Employer may hold certain personal
information about the Participant, including, but not limited to, the Participant’s name, home
address and telephone number, date of birth, social insurance number or other identification
number, salary, nationality, job title, any Shares or directorships held in the Company, details of
all Options or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or
outstanding in the Participant’s favor, for the exclusive purpose of implementing, administering
and managing the Plan (“Data”).

The Participant understands that Data will be transferred to the Company stock plan service
provider as may be selected by the Company in the future, which is assisting the Company with the
implementation, administration and management of the Plan. The Participant understands that the
recipients of the Data may be located in the United States or elsewhere, and that the recipients’
country (e.g., the United States) may have different data privacy laws and protections from the
Participant’s country. The Participant understands that he or she may request a list with the
names and addresses of any potential recipients of the Data by contacting his or her local human
resources representative. The Participant authorizes the Company, the Company stock plan service
provider and any other possible recipients which may assist the Company (presently or in the
future) with implementing, administering and managing the Plan to receive, possess, use, retain and
transfer the Data, in electronic or other form, for the sole purpose of implementing, administering
and managing his or her participation in the Plan. The Participant understands that Data will be
held only as long as is necessary to implement, administer and manage the Participant’s
participation in the Plan. The Participant understands that he or she may, at any time, view Data,
request additional information about the storage and processing of Data, require any necessary
amendments to Data or refuse or withdraw the consents herein, in any case without cost, by
contacting in writing his or her local human resources representative. The Participant
understands, however, that refusing or withdrawing his or her consent may affect the Participant’s
ability to participate in the Plan. For more information on the consequences of the Participant’s
refusal to consent or withdrawal of consent, the Participant understands that he or she may contact
his or her local human resources representative.

10. Privileges of Share Ownership. The Participant shall not have any of the rights of a
shareholder with respect to any Shares until the Participant exercises this Option, pays the
Exercise Price and Shares are issued to the Participant.

11. Interpretation. Any dispute regarding the interpretation of this Agreement shall be
submitted by the Participant or the Company to the Committee for review. The resolution of such a
dispute by the Committee shall be final and binding on the Company and the Participant.

12. Entire Agreement. The Plan and this Agreement, together with all its Exhibits,
constitute the entire agreement and understanding of the parties with respect to the subject matter
of this Agreement, and supersede all prior understandings and agreements, whether oral or written,
between the parties hereto with respect to the specific subject matter hereof.

 

 

 

13. Notices. Any notice required to be given or delivered to the Company under the terms
of this Agreement shall be in writing and addressed to the Corporate Treasurer of the Company at
its corporate offices at 847 Gibraltar Drive, Milpitas, California 95035. Any notice required to
be given or delivered to the Participant shall be in writing and addressed to the Participant at
the address indicated above or to such other address as such party may designate in writing from
time to time to the Company. All notices shall be deemed to have been given or delivered upon:
personal delivery; three (3) days after deposit in the United States mail by certified or
registered mail (return receipt requested); one (1) business day after deposit with any return
receipt express courier (prepaid); or one (1) business day after transmission by rapifax or
telecopier.

14. Successors and Assigns. The Company may assign any of its rights under this Agreement.
This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the
Company. Subject to the restrictions on transfer set forth herein, this Agreement shall be binding
upon the Participant and the Participant’s heirs, executors, administrators, legal representatives,
successors and assigns.

15. Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of California, without regard to the conflict of law provisions, as provided
in the Plan. For purposes of litigating any dispute that arises directly or indirectly from the
relationship of the parties evidenced by this Option or the Agreement, the parties hereby submit to
and consent to the exclusive jurisdiction of the State of California and agree that such litigation
shall be conducted only in the courts of Santa Clara County, California, or the federal courts for
the United States for the Northern District of California, and no other courts, where this grant is
made and/or to be performed.

16. Language. If the Participant has received this Agreement or any other document related
to the Plan translated into a language other than English and if the meaning of the translated
version is different from the English version, the English version will control.

17. Severability. The provisions of this Agreement are severable and if any one or more
provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the
remaining provisions shall nevertheless be binding and enforceable.

18. Electronic Delivery. The Company may, in its sole discretion, decide to deliver any
documents related to current or future participation in the Plan by electronic means. The
Participant hereby consents to receive such documents by electronic delivery and agrees to
participate in the Plan through an on-line or electronic system established and maintained by the
Company or a third party designated by the Company.

19. Exhibit B. Notwithstanding any provision in this Agreement to the contrary, this
Option shall be subject to any special terms and provisions as set forth in Exhibit B to this
Agreement for the Participant’s country. Moreover, if the Participant relocates to one of the
countries included in Exhibit B, the special terms and conditions for such country will apply to
the Participant, to the extent the Company determines that the application of such terms and
conditions is necessary or advisable in order to comply with local law or facilitate the
administration of the Plan. Exhibit B constitutes part of this Agreement.

20. Imposition of Other Requirements. The Company reserves the right to impose other
requirements on the Participant’s participation in the Plan, on this Option and on any Shares
acquired under the Plan, to the extent the Company determines it is necessary or advisable in order
to comply with local law or facilitate the administration of the Plan, and to require the
Participant to sign any additional agreements or undertakings that may be necessary to accomplish
the foregoing.

 

 

 

21. Acceptance. The Participant hereby acknowledges receipt of a copy of the Plan and this
Agreement. The Participant has read and understands the terms and provisions thereof, and accepts
this Option subject to all the terms and conditions of the Plan and this Agreement (including
Exhibit B). The Participant acknowledges that there may be adverse tax consequences upon exercise
of this Option or disposition of the Shares and that the Company has advised the Participant to
consult a tax advisor prior to such exercise or disposition.

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the Effective Date.

	 	 	 	 	 	 	 	 	 
	FLEXTRONICS INTERNATIONAL LTD.	 	PARTICIPANT	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 	 	 
	 

	 	 

Name: Michael McNamara
	 	 	 	 

Name:

	 	 
	 

	 	Title:   Chief Executive Officer
	 	 	 	Address:
	 	 

 

 

 

EXHIBIT 10.02

Exhibit A

FLEXTRONICS INTERNATIONAL LTD.

2010 EQUITY INCENTIVE PLAN

SHARE OPTION EXERCISE AGREEMENT

I hereby elect to purchase the number of Shares of the Company as set forth below:

	 	 	 
	Participant (and/or assignee): 

	 	Number of Shares Purchased:

	 
	 	 
	Social Security Number/ Personal Id Number: 

	 	Purchase Price per Share:

	 
	 	 
	Address:

	 	Aggregate Purchase Price:

	 

	 	Date of Option Agreement:

	Type of Option: o Incentive Option

	 	Exact Name of Title to Shares:

	o Nonqualified Option

	 	

	 

	 	 

1. Delivery of Purchase Price. The Participant hereby delivers to the Company the Aggregate
Exercise Price, to the extent permitted in the Agreement, as follows (check as applicable and
complete):

	 	o	 	in cash (by check) in the amount of $                    , receipt of which is
acknowledged by the Company;

	 	o	 	the surrender of Shares or delivery of a properly executed form of
attestation of ownership of Shares (including withholding of Shares otherwise
deliverable upon exercise of the Award) in the amount of $                    , receipt of which
is acknowledged by the Company;

	 	o	 	by the waiver hereby of compensation due or accrued to the Participant for
services rendered in the amount of $                    ;

	 	o	 	through a “same-day-sale” commitment, delivered herewith, from the
Participant and the FINRA Dealer named therein, in the amount of
$                                        ; or

	 	o	 	through a “margin” commitment, delivered herewith from the Participant and
the broker named by the Participant, in the amount of
$                                                            .

2. Tax Consequences. THE PARTICIPANT UNDERSTANDS THAT THE PARTICIPANT MAY SUFFER ADVERSE TAX
CONSEQUENCES AS A RESULT OF THE PARTICIPANT’S PURCHASE OR DISPOSITION OF THE SHARES. THE
PARTICIPANT REPRESENTS THAT THE PARTICIPANT HAS CONSULTED WITH ANY TAX CONSULTANT(S) THE
PARTICIPANT DEEMS ADVISABLE IN CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE SHARES AND THAT
THE PARTICIPANT IS NOT RELYING ON THE COMPANY FOR ANY TAX ADVICE.

3. Entire Agreement. The Plan, and the Agreement (including all Exhibits thereto) are incorporated
herein by reference. This Exercise Agreement, the Plan, the Agreement constitute the entire
agreement and understanding of the parties and supersede in their entirety all prior understandings
and agreements of the Company and the Participant with respect to the subject matter hereof, and
are governed by California law except for that body of law pertaining to choice of law or conflict
of law.

 

 

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the Effective Date.

	 	 	 	 	 	 	 
	FLEXTRONICS INTERNATIONAL LTD.	 	PARTICIPANT
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	 

	 	Name: 

	 	 	 	Name: 

	 

	 	Title: 

	 	 	 	Address: 

 

 

 

FLEXTRONICS INTERNATIONAL LTD.

2010 EQUITY INCENTIVE PLAN

EXHIBIT B TO THE

SHARE OPTION AGREEMENT

FOR NON-U.S. PARTICIPANTS

Terms and Conditions

This Exhibit B includes additional terms and conditions that govern the Option granted to the
Participant under the Plan if the Participant resides in one of the countries listed below.
Certain capitalized terms used but not defined in this Exhibit B have the meanings set forth in the
Plan and/or the Agreement.

Notifications

This Exhibit B also includes information regarding exchange controls and certain other issues of
which the Participant should be aware with respect to his or her participation in the Plan. The
information is based on the securities, exchange control and other laws in effect in the respective
countries as of July 2010. Such laws are often complex and change frequently. As a result, the
Company strongly recommends that the Participant not rely on the information in this Exhibit B as
the only source of information relating to the consequences of the Participant’s participation in
the Plan because the information may be out of date at the time that the Option vests, the
Participant exercises his or her Option, or the Participant sells Shares acquired upon exercise of
the Option under the Plan.

In addition, the information contained herein is general in nature and may not apply to the
Participant’s particular situation, and the Company is not in a position to assure the Participant
of a particular result. Accordingly, the Participant is advised to seek appropriate professional
advice as to how the relevant laws in the Participant’s country may apply to his or her situation.

Finally, if the Participant is a citizen or resident of a country other than the one in which he or
she is currently working or transfers employment after the Date of Grant, the information contained
herein may not be applicable to the Participant.

AUSTRIA

Notifications

Exchange Control Information. If the Participant holds Shares acquired under the Plan outside of
Austria, the Participant must submit a report to the Austrian National Bank. An exemption applies
if the value of the shares as of any given quarter does not exceed €30,000,000 or as of December 31
does not exceed €5,000,000. If the former threshold is exceeded, quarterly obligations are
imposed, whereas if the latter threshold is exceeded, annual reports must be given. The annual
reporting date is December 31 and the deadline for filing the annual report is March 31 of the
following year.

When the Participant sells Shares issued upon exercise of the Option under the Plan, there may be
exchange control obligations if the cash received is held outside Austria. If the transaction
volume of all the Participant’s accounts abroad exceeds €3,000,000, the movements and balances of
all accounts must be reported monthly, as of the last day of the month, on or before the fifteenth
day of the following month.

 

 

 

Consumer Protection Information. To the extent that the provisions of the Austrian Consumer
Protection Act are applicable to the Agreement and the Plan, the Participant may be entitled to
revoke his or her acceptance of the Agreement if the conditions listed below are met:

	 	(i)	 	If the Participant accepts the Option outside of the business premises of the
Company, the Participant may be entitled to revoke his or her acceptance of the
Agreement, provided the revocation is made within one week after the Participant
accepts the Agreement.

	 	(ii)	 	The revocation must be in written form to be valid. It is sufficient if the
Participant returns the Agreement to the Company or the Company’s representative with
language that can be understood as the Participant’s refusal to conclude or honor the
Agreement, provided the revocation is sent within the period set forth above.

BRAZIL

Notifications

Compliance with Law. By accepting the Option, the Participant acknowledges his or her agreement to
comply with applicable Brazilian laws and to pay any and all applicable taxes associated with the
exercise of the Option, the receipt of any dividends, and the sale of Shares issued upon exercise
of the Option under the Plan.

Exchange Control Information. If the Participant is a resident or domiciled in Brazil, he or she
will be required to submit an annual declaration of assets and rights held outside of Brazil to the
Central Bank of Brazil if the aggregate value of such assets and rights is equal to or greater than
US$100,000 (approximately BRL175,950 as of July 2010). Please note that foreign individuals
holding Brazilian visas are considered Brazilian residents for purposes of this reporting
requirement and must declare at least the assets held abroad that were acquired subsequent to the
Participant’s date of admittance as a resident of Brazil. Assets and rights that must be reported
include Shares issued upon exercise of the Option under the Plan.

CANADA

Terms and Conditions

French Language Provision. The following provision will apply if the Participant is a resident of
Quebec:

The parties acknowledge that it is their express wish that the Agreement, as well as all documents,
notices and legal proceedings entered into, given or instituted pursuant hereto or relating
directly or indirectly hereto, be drawn up in English.

Les parties reconnaissent avoir exigé la rédaction en anglais de la convention, ainsi que de tous
documents exécutés, avis donnés et procédures judiciaries intentées, directement ou indirectement,
relativement à ou suite à la présente convention.

Termination of Service. This provision supplements Section 3 of the Agreement.

In the event of involuntary Termination of Service (whether or not in breach of local labor laws),
the Participant’s right to receive and vest in the Option under the Plan, if any, will terminate
effective as of the date that is the earlier of: (1) the date the Participant receives notice of
Termination of Service from the Company or the Employer, or (2) the date the Participant is no
longer actively providing service to the Company or his or her Employer regardless of any notice
period or period of pay in lieu of such notice required under local law
(including, but not limited to, statutory law, regulatory law and/or common law); the Committee
shall have the exclusive discretion to determine when the Participant no longer actively providing
service for purposes of the Option grant.

 

 

 

Data Privacy. This provision supplements Section 9 of the Agreement:

The Participant hereby authorizes the Company and the Company’s representatives to discuss with and
obtain all relevant information from all personnel, professional or not, involved in the
administration and operation of the Plan. The Participant further authorizes the Company, any
Parent, Subsidiary or Affiliate and the Administrator of the Plan to disclose and discuss the Plan
with their advisors. The Participant further authorizes the Company and any Parent, Subsidiary or
Affiliate to record such information and to keep such information in the Participant’s employee
file.

Notifications

Grant of Option. Notwithstanding anything contrary in the Agreement or the Plan, the Option does
not constitute compensation nor is in any way related to the Participant’s past services and/or
employment to the Company, the Employer, and/or a Parent, Subsidiary or Affiliate.

CHINA

Terms and Conditions

Manner of Exercise. This provision supplements Section 4 of the Agreement:

Notwithstanding anything to the contrary in Section 4.3 of the Agreement, due to exchange control
laws in China, the Participant will be required to exercise his or her Option using the cashless
sell-all exercise method pursuant to which all Shares subject to the exercised Option will be sold
immediately upon exercise and the proceeds of sale, less the Exercise Price, any Tax-Related Items
and broker’s fees or commissions, will be remitted to the Participant in accordance with any
applicable exchange control laws and regulations. The Company reserves the right to provide
additional methods of exercise depending on the development of local law. This restriction will
not apply to non-PRC citizens.

Exchange Control Requirements. The Participant understands and agrees that, pursuant to local
exchange control requirements, the Participant will be required to immediately repatriate the cash
proceeds from the cashless sell-all exercise of the Option to China. The Participant further
understands that, under local law, such repatriation of his or her cash proceeds may need to be
effectuated through a special exchange control account established by the Company, Parent,
Subsidiary, Affiliate or the Employer, and the Participant hereby consents and agrees that any
proceeds from the sale of Shares may be transferred to such special account prior to being
delivered to the Participant. The Company is under no obligation to secure any exchange conversion
rate, and the Company may face delays in converting the proceeds to local currency due to exchange
control restrictions in China. The Participant agrees to bear any currency fluctuation risk
between the time the Shares are sold and the time the sale proceeds are distributed through any
such special exchange account. The Participant further agrees to comply with any other requirements
that may be imposed by the Company in the future in order to facilitate compliance with exchange
control requirements in China. These requirements will not apply to non-PRC citizens.

 

 

 

CZECH REPUBLIC

Notifications

Exchange Control Information. Upon request of the Czech National Bank, the Participant may need to
file a notification within 15 days of the end of the calendar quarter in which he or she acquires
Shares.

DENMARK

Notifications

Danish Stock Options Act. The Participant will receive an Employer Statement pursuant to the
Danish Act on Stock Options.

Exchange Control/Tax Reporting Information. If the Participant holds Shares issued upon exercise
of the Option under the Plan in a brokerage account with a broker or bank outside Denmark, the
Participant is required to inform the Danish Tax Administration about the account. For this
purpose, the Participant must file a Form V (Erklaering V) with the Danish Tax Administration. The
Form V must be signed both by the Participant and by the applicable broker or bank where the
account is held. By signing the Form V, the broker or bank undertakes to forward information to
the Danish Tax Administration concerning the Shares in the account without further request each
year. By signing the Form V, the Participant authorizes the Danish Tax Administration to examine
the account. A sample of the Form V can be found at the following website: www.skat.dk.

In addition, if the Participant opens a brokerage account (or a deposit account with a U.S. bank)
for the purpose of holding cash outside Denmark, the Participant is also required to inform the
Danish Tax Administration about this account. To do so, the Participant must also file a Form K
(Erklaering K) with the Danish Tax Administration. The Form K must be signed both by the
Participant and by the applicable broker or bank where the account is held. By signing the Form K,
the broker/bank undertakes an obligation, without further request each year, to forward information
to the Danish Tax Administration concerning the content of the account. By signing the Form K, the
Participant authorizes the Danish Tax Administration to examine the account. A sample of Form K
can be found at the following website: www.skat.dk.

FINLAND

There are no country specific provisions.

FRANCE

Term and Conditions

Language Consent. By accepting the Option, the Participant confirms having read and understood the
documents relating to this grant (the Plan, the Agreement and this Exhibit B) which were provided
in English language. The Participant accepts the terms of those documents accordingly.

En acceptant l’attribution, vous confirmez ainsi avoir lu et compris les documents relatifs à cette
attribution (le Plan, le contrat et cette Annexe) qui ont été communiqués en langue anglaise. Vous
acceptez les termes en connaissance de cause.

 

 

 

GERMANY

Notifications

Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly
to the German Federal Bank. If the Participant uses a German bank to effect a cross-border payment
in excess of €12,500 in connection with the sale of Shares acquired under the Plan, the bank will
make the report for the Participant. In addition, the Participant must report any receivables or
payables or debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis.
Finally, the Participant must report Shares on an annual basis that exceeds 10% of the total voting
capital of the Company.

HONG KONG

Terms and Conditions

Warning: The Option and Shares acquired upon exercise of the Option do not constitute a public
offering of securities under Hong Kong law and are available only to employees of the Company, its
Parent, Subsidiary or Affiliates. The Agreement, including this Exhibit B, the Plan and other
incidental communication materials have not been prepared in accordance with and are not intended
to constitute a “prospectus” for a public offering of securities under the applicable securities
legislation in Hong Kong. Nor have the documents been reviewed by any regulatory authority in Hong
Kong. The Option is intended only for the personal use of each eligible Employee of the Employer,
the Company or any Parent, Subsidiary or Affiliate and may not be distributed to any other person.
If the Participant is in any doubt about any of the contents of the Agreement, including this
Exhibit B, or the Plan, the Participant should obtain independent professional advice.

Sale Restriction. Notwithstanding anything contrary in the Notice, the Agreement or the Plan, in
the event the Participant’s Option vests and the Participant or his or her heirs and
representatives exercise the Option such that Shares are issued to the Participant or his or her
heirs and representatives within six months of the Date of Grant, the Participant agrees that the
Participant or his or her heirs and representatives will not dispose of any Shares acquired prior
to the six-month anniversary of the Date of Grant.

Notifications

Nature of Scheme. The Company specifically intends that the Plan will not be an occupational
retirement scheme for purposes of the Occupational Retirement Schemes Ordinance.

HUNGARY

There are no country specific provisions.

INDIA

Terms and Conditions

Manner of Exercise. This provision supplements Section 4 of the Agreement:

Notwithstanding anything to the contrary in Section 4.3 of the Agreement, due to legal restrictions
in India, the Participant may not exercise his or her Option using a cashless sell-to-cover
exercise, whereby the Participant directs a broker to sell some (but not all) of the Shares subject
to the exercised Option and deliver to the Company the amount of the sale proceeds to pay the
Exercise Price and any Tax-Related Items. However,
payment of the Exercise Price may be made by any of the other methods of payment set forth in the
Agreement. The Company reserves the right to provide the Participant with this method of payment
depending on the development of local law.

 

 

 

Notifications

Exchange Control Information. Regardless of what method of exercise is used to purchase Shares,
the Participant must repatriate the proceeds from the sale of Shares and any dividends received in
relation to the Shares to India within 90 days after receipt. The Participant must maintain the
foreign inward remittance certificate received from the bank where the foreign currency is
deposited in the event that the Reserve Bank of India or the Employer requests proof of
repatriation. It is the Participant’s responsibility to comply with applicable exchange control
laws in India.

IRELAND

Notifications

Director Notification Obligation. Directors, shadow directors and secretaries of the Company’s
Irish Subsidiary or Affiliate are subject to certain notification requirements under the Irish
Companies Act. Directors, shadow directors and secretaries must notify the Irish Subsidiary or
Affiliate in writing of their interest in the Company and the number and class of Shares or rights
to which the interest relates within five days of the issuance or disposal of Shares or within five
days of becoming aware of the event giving rise to the notification. This disclosure requirement
also applies to any rights or Shares acquired by the director’s spouse or children (under the age
of 18).

ISRAEL

Terms and Conditions

Manner of Exercise. This provision supplements Section 4 of the Agreement:

Notwithstanding anything to the contrary in Section 4.3 of the Agreement, due to tax laws in
Israel, the Participant will be required to exercise his or her Option using the cashless sell-all
exercise method whereby all Shares subject to the exercised Option will be sold immediately upon
exercise and the proceeds of sale, less the aggregate Exercise Price, any Tax-Related Items and
broker’s fees or commissions, will be remitted to the Participant in accordance with any applicable
laws and regulations. The Participant will not be permitted to acquire and hold Shares upon
exercise. The Company reserves the right to provide additional methods of exercise to the
Participant depending on the development of local law.

ITALY

Terms and Conditions

Manner of Exercise. This provision supplements Section 4 of the Agreement:

Notwithstanding anything to the contrary in Section 4.3 of the Agreement, due to legal restrictions
in Italy, the Participant will be required to exercise his or her Option using the cashless
sell-all exercise method whereby all Shares subject to the exercised Option will be sold
immediately upon exercise and the proceeds of sale, less the exercise price, any Tax-Related Items
and broker’s fees or commissions, will be remitted to the Participant in accordance with any
applicable laws and regulations. The Participant will not be permitted to acquire and hold
Shares upon exercise. The Company reserves the right to provide additional methods of exercise to
the Participant depending on the development of local law.

 

 

 

Data Privacy. This provision replaces Section 9 of the Agreement:

The Participant understands that the Company and the Employer as the Privacy Representative of the
Company in Italy, may hold certain personal information about the Participant, including, but not
limited to, the Participant’s name, home address and telephone number, date of birth, social
insurance or other identification number, salary, nationality, job title, any Shares or
directorships held in the Company or any Subsidiary or Affiliate, details of all Options or any
other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in the
Participant’s favor, and that the Company and the Employer will process said data and other data
lawfully received from third party (“Personal Data”) for the exclusive purpose of managing and
administering the Plan and complying with applicable laws, regulations and Community legislation.
The Participant also understands that providing the Company with Personal Data is mandatory for
compliance with laws and is necessary for the performance of the Plan and that the Participant’s
denial to provide Personal Data would make it impossible for the Company to perform its contractual
obligations and may affect the Participant’s ability to participate in the Plan. The Participant
understands that Personal Data will not be publicized, but it may be accessible by the Employer as
the Privacy Representative of the Company and within the Employer’s organization by its internal
and external personnel in charge of processing, and by the data Processor, if appointed. The
updated list of Processors and of the subjects to which Data are communicated will remain available
upon request at the Employer. Furthermore, Personal Data may be transferred to banks, other
financial institutions or brokers involved in the management and administration of the Plan. The
Participant understands that Personal Data may also be transferred to the independent registered
public accounting firm engaged by the Company, and also to the legitimate addressees under
applicable laws. The Participant further understands that the Company and its Subsidiaries or
Affiliates will transfer Personal Data amongst themselves as necessary for the purpose of
implementation, administration and management of the Participant’s participation in the Plan, and
that the Company and its Subsidiaries or Affiliates may each further transfer Personal Data to
third parties assisting the Company in the implementation, administration and management of the
Plan, including any requisite transfer of Personal Data to a broker or other third party with whom
the Participant may elect to deposit any Shares acquired under the Plan or any proceeds from the
sale of such Shares. Such recipients may receive, possess, use, retain and transfer Personal Data
in electronic or other form, for the purposes of implementing, administering and managing the
Participant’s participation in the Plan. The Participant understands that these recipients may be
acting as Controllers, Processors or persons in charge of processing, as the case may be, according
to applicable privacy laws, and that they may be located in or outside the European Economic Area,
such as in the United States or elsewhere, in countries that do not provide an adequate level of
data protection as intended under Italian privacy law.

Should the Company exercise its discretion in suspending all necessary legal obligations connected
with the management and administration of the Plan, it will delete Personal Data as soon as it has
accomplished all the necessary legal obligations connected with the management and administration
of the Plan.

The Participant understands that Personal Data processing related to the purposes specified above
shall take place under automated or non-automated conditions, anonymously when possible, that
comply with the purposes for which Personal Data is collected and with confidentiality and security
provisions as set forth by applicable laws and regulations, with specific reference to Legislative
Decree no. 196/2003.

 

 

 

The processing activity, including communication, the transfer of Personal Data abroad, including
outside of the European Economic Area, as specified herein and pursuant to applicable laws and
regulations, does not require the Participant’s consent thereto as the processing is necessary to
performance of law and contractual
obligations related to implementation, administration and management of the Plan. The Participant
understands that, pursuant to section 7 of the Legislative Decree no. 196/2003, he or she has the
right at any moment to, including, but not limited to, obtain confirmation that Personal Data
exists or not, access, verify its contents, origin and accuracy, delete, update, integrate,
correct, blocked or stop, for legitimate reason, the Personal Data processing. To exercise privacy
rights, the Participant should contact the Employer. Furthermore, the Participant is aware that
Personal Data will not be used for direct marketing purposes. In addition, Personal Data provided
can be reviewed and questions or complaints can be addressed by contacting the Participant’s human
resources department.

Plan Document Acknowledgement. The Participant acknowledges that the Participant has read and
specifically and expressly approves the following sections of the Agreement: Section 1: Grant of
Option; Section 2: Vesting; Exercise Period; Section 3: Termination of Service; Section 4: Manner
of Exercise; Section 5: Compliance with Laws and Regulations; Section 6: Nontransferability of
Option; Section 7: Nature of Grant; Section 8: No Advice Regarding Grant; Section 15: Governing
Law; Section 16: Language; Section 17: Severability; Section 18: Electronic Delivery; Section 19:
Exhibit B; Section 20: Imposition of Other Requirements; and the Data Privacy section of this
Exhibit B.

Notifications

Exchange Control Information. To participate in the Plan, the Participant must comply with
exchange control regulations in Italy. The Participant is required to report in his or her annual
tax return: (a) any transfers of cash or Shares to or from Italy exceeding €10,000; (b) any foreign
investments or investments held outside of Italy at the end of the calendar year exceeding €10,000
if such investments (Shares, vested Options) that may give rise to taxable income in Italy that
combined with other foreign assets exceeds €10,000; and (c) the amount of the transfers to and from
Italy which have had an impact during the calendar year on the Participant’s foreign investments or
investments held outside of Italy. The Participant may be exempt from the requirement in (a) if
the transfer or investment is made through an authorized broker resident in Italy, as the broker
will generally comply with the reporting obligation on his or her behalf.

JAPAN

Notifications

Exchange Control Information. If the Participant pays more than ¥30,000,000 in a single
transaction for the purchase of Shares when he or she exercises the Option, the Participant must
file a Payment Report with the Ministry of Finance through the Bank of Japan by the 20th day of the
month following the month in which the payment was made. The precise reporting requirements vary
depending on whether the relevant payment is made through a bank in Japan.

KOREA

Notifications

Exchange Control Information. To remit funds out of Korea to exercise the Option by means of a
cash exercise method, the Participant must obtain a confirmation of the remittance by a foreign
exchange bank in Korea. The Participant likely will need to present to the bank processing the
transaction supporting documentation evidencing the nature of the remittance.

If the Participant realizes US$500,000 (approximately KRW 601,975,000 as of July 2010) or more from
the sale of Shares, Korean exchange laws require the Participant to repatriate the proceeds to
Korea within eighteen months of the sale.

 

 

 

MALAYSIA

Notifications

Malaysian Insider Trading Notification. The Participant should be aware of the Malaysian
insider-trading rules, which may impact his or her acquisition or disposal of Shares or rights to
Shares under the Plan. Under the Malaysian insider-trading rules, the Participant is prohibited
from purchasing or selling Shares (e.g., a vested Option, Shares) when he or she is in possession
of information which is not generally available and which he or she knows or should know will have
a material effect on the price of Shares once such information is generally available.

Director Notification Obligation. If the Participant is a director of the Company’s Malaysian
Subsidiary, he or she is subject to certain notification requirements under the Malaysian Companies
Act. Among these requirements is an obligation to notify the Malaysian Subsidiary in writing when
the Participant receives or disposes of an interest (e.g., Option, Shares) in the Company or any
related company. Such notifications must be made within 14 days of receiving or disposing of any
interest in the Company or any related company.

MEXICO

Terms and Conditions

No Entitlement for Claims or Compensation. The following section supplements Section 7 of the
Agreement:

Modification. By accepting the Option, the Participant understands and agrees that any
modification of the Plan or the Agreement or its termination shall not constitute a change or
impairment of the terms and conditions of employment.

Policy Statement. The Option grant the Company is making under the Plan is unilateral and
discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue
it at any time without any liability.

The Company, with registered offices at One Marina Boulevard, #28-00, Singapore 018989, is solely
responsible for the administration of the Plan, and participation in the Plan and the grant of the
Option do not, in any way, establish an employment relationship between the Participant and the
Company since he or she is participating in the Plan on a wholly commercial basis and the sole
employer is Availmed Servicios S.A. de C.V., Grupo Flextronics S.A. de C.V., Flextronics Servicios
Guadalajara S.A. de C.V., Flextronics Servicios Mexico S. de R.L. de C.V. and Flextronics
Aguascalientes Servicios S.A. de C.V., nor does it establish any rights between the Participant
and the Employer.

Plan Document Acknowledgment. By accepting the Option, the Participant acknowledges that he or she
has received copies of the Plan, has reviewed the Plan and the Agreement in their entirety, and
fully understands and accepts all provisions of the Plan and the Agreement.

In addition, the Participant further acknowledges that he or she has read and specifically and
expressly approves the terms and conditions in the Nature of Grant section of the Agreement, in
which the following is clearly
described and established: (i) participation in the Plan does not constitute an acquired right;
(ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary
basis; (iii) participation in the Plan is voluntary; and (iv) the Company and any Parent,
Subsidiary or Affiliates are not responsible for any decrease in the value of the Shares acquired
upon exercise of the Option.

 

 

 

Finally, the Participant hereby declares that he or she does not reserve any action or right to
bring any claim against the Company for any compensation or damages as a result of his or her
participation in the Plan and therefore grants a full and broad release to the Employer, the
Company and any Parent, Subsidiary or Affiliates with respect to any claim that may arise under the
Plan.

Spanish Translation

Condiciones y Duración

Sin Derecho a Reclamo o Compensación. La siguiente sección complementa la sección 7 de este
Acuerdo:

Modificación. Al aceptar la Opción, el Participante entiende y acuerda que cualquier modificación
del Plan o del Acuerdo o su extinción, no constituirá un cambio o disminución de los términos y
condiciones de empleo.

Declaración de Política. El otorgamiento de Opción por parte de la Compañía es efectuada bajo el
Plan en forma unilateral y discrecional y por lo tanto, la Compañía se reserva el derecho absoluto
de modificar y discontinuar la Opción en cualquier momento sin responsabilidad alguna hacia la
Compañía.

La Compañía, con oficinas registradas en One Marina Boulevard, #28-00, Singapore 018989 es la única
responsable de la administración de los Planes y de la participación en los mismos y el
otorgamamiento de la Opción no establece de forma alguna una relación de trabajo entre el
Participante y la Compañía, ya que su participación en el Plan es completamente comercial y el
único empleador es Availmed Servicios S.A. de C.V., Grupo Flextronics S.A. de C.V., Flextronics
Servicios Guadalajara S.A. de C.V., Flextronics Servicios Mexico S. de R.L. de C.V. and Flextronics
Aguascalientes, así como tampoco establece ningún derecho entre el Participante y el Empleador.

Reconocimiento del Documento del Plan. Al aceptar la Opción, el Participante reconoce que ha
recibido copias de los Planes, ha revisado los mismos, al igual que la totalidad del Acuerdo y, que
ha entendido y aceptado completamente todas las disposiciones contenidas en los Planes y en el
Acuerdo.

Además, el Partcipante reconoce que ha leído, y que aprueba específica y expresamente los términos
y condiciones contenidos en la sección Naturaleza del Orotgamiento en el cual se encuentra
claramente descripto y establecido lo siguiente: (i) la participación en los Planes no constituye
un derecho adquirido; (ii) los Planes y la participación en los mismos es ofrecida por la Compañía
de forma enteramente discrecional; (iii) la participación en los Planes es voluntaria; y (iv) la
Compañía, así como su Sociedad controlante, Subsidiaria o Filiales no son responsables por
cualquier disminución en el valor de las Acciones adquiridas a través de la Opción.

Finalmente, el Partcipante declara que no se reserva ninguna acción o derecho para interponer una
demanda en contra de la Compañía por compensación, daño o perjuicio alguno como resultado de su
participación en el Plan y, en consecuencia, otorga el más amplio finiquito al Empleador, así como
a la Compañía, a su Sociedad controlante, Subsidiaria o filiales con respecto a cualquier demanda
que pudiera originarse en virtud de los Planes.

NETHERLANDS

Notifications

Securities Law Information. The Participant should be aware of the Dutch insider-trading rules,
which may impact the sale of Shares acquired upon exercise of the Option. In particular, the
Participant may be prohibited from effectuating certain transactions if the Participant has inside
information about the Company.

 

 

 

Under Article 5:56 of the Dutch Financial Supervision Act, anyone who has “insider information”
related to an issuing company is prohibited from effectuating a transaction in securities in or
from the Netherlands. “Inside information” is defined as knowledge of specific information
concerning the issuing company to which the securities relate or the trade in securities issued by
such company, which has not been made public and which, if published, would reasonably be expected
to affect the share price, regardless of the development of the price. The insider could be any
Employee in the Netherlands who has inside information as described herein.

Given the broad scope of the definition of inside information, certain Employees working at a
Subsidiary or Affiliate in the Netherlands may have inside information and, thus, would be
prohibited from effectuating a transaction in securities in the Netherlands at a time when the
Participant has such inside information.

If the Participant is uncertain whether the insider-trading rules apply to him or her, he or she
should consult his or her personal legal advisor.

NORWAY

There are no country specific provisions.

POLAND

Terms and Conditions

Restriction on Type of Shares Issued. Due to tax regulations in Poland, as necessary, the
Participant’s Option will be over newly issued Shares only. Treasury Shares will not be used to
satisfy the Option exercise.

ROMANIA

Notifications

Exchange Control Information. If the Participant remits foreign currency into or out of Romania
(e.g., the Exercise Price or the proceeds from the sale of his or her Shares), the Participant may
have to provide the Romanian bank assisting with the transaction with appropriate documentation
explaining the source of the income. The Participant should consult his or her personal legal
advisor to determine whether the Participant will be required to submit such documentation to the
Romanian bank.

SINGAPORE

Notifications

Securities Law Information. The Option is being granted to the Participant pursuant to the
“Qualifying Person” exemption under section 273(1)(f) of the Singapore Securities and Futures Act
(Chapter 289, 2006 Ed.) (“SFA”). The Plan have not been lodged or registered as a prospectus with
the Monetary Authority of Singapore. The
Participant should note that the Option grant is subject to section 257 of the SFA and the
Participant will not be able to make any subsequent sale in Singapore, or any offer of such
subsequent sale of the Shares underlying the Option unless such sale or offer in Singapore is made
pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of
the SFA (Cap 289, 2006 Ed.).

 

 

 

Director Notification Obligation. If the Participant is a director, associate director or shadow
director of the Company or a Singapore Subsidiary or Affiliate, the Participant is subject to
certain notification requirements under the Singapore Companies Act. Among these requirements is
an obligation to notify the Singaporean Subsidiary in writing when the Participant receives an
interest (e.g., Option, Shares) in the Company or any related companies. Please contact the
Company to obtain a copy of the notification form. In addition, the Participant must notify the
Company or Singapore Subsidiary or Affiliate when the Participant sells Shares of the Company or
any related company (including when the Participant sell Shares acquired under the Plan). These
notifications must be made within two days of acquiring or disposing of any interest in the Company
or any related company. In addition, a notification must be made of the Participant’s interests in
the Company or any related company within two days of becoming a director.

SLOVAK REPUBLIC

There are no country specific provisions.

SOUTH AFRICA

Terms and Conditions

Tax Obligations. The following provision supplements Section 4.4 of the Agreement:

By accepting the Option, the Participant agrees to notify the Employer of the amount of any gain
realized at exercise of the Option. If the Participant fails to advise the Employer of the gain
realized at exercise of the Option, he or she may be liable for a fine.

Notifications

Tax Clearance for Cash Exercises. If the Participant exercises the Option using a cash exercise
method, the Participant must obtain and provide to the Employer, or any third party designated by
the Employer or the Company, a Tax Clearance Certificate (with respect to Foreign Investments)
bearing the official stamp and signature of the Exchange Control Department of the South African
Revenue Service (“SARS”). The Participant must renew this Tax Clearance Certificate every twelve
months, or at such other interval as may be required by the SARS. If the Participant uses a
cashless exercise method whereby no funds are remitted out of South Africa, no Tax Clearance
Certificate is required.

Exchange Control Information. The Participant is subject to a lifetime offshore investment
allowance of ZAR4,000,000. This is a cumulative allowance, and the Participant’s ability to remit
funds for the purchase of Shares will be reduced if his or her foreign investment limit is utilized
to make a transfer of funds offshore. If the Participant exercises his or her Option with cash,
the Participant will be subject to this limit. If the ZAR4,000,000 limit will be exceeded, the
Participant may still transfer funds for the exercise of the Option; however, the Shares obtained
from the exercise must be sold immediately and the full proceeds repatriated to South Africa.

If the Participant exercises the Option using a cashless method of exercise, the value of the
Shares acquired using the cashless exercise method will not be counted against the ZAR2,000,000
limit. The sale proceeds of such Shares may be held offshore and will not count against the
investment limit.

The Participant should consult his or her personal advisor to ensure compliance with applicable
exchange control regulations in South Africa, as such regulations are subject to frequent change.
The Participant is solely responsible for complying with all exchange control laws in South Africa,
and neither the Company nor the Employer will be liable for any fines or penalties resulting from
the Participant’s failure to comply with South African exchange control laws.

 

 

 

SWEDEN

There are no country specific provisions.

SWITZERLAND

Notifications

Securities Law Information. The Option is considered a private offering in Switzerland; therefore,
it is not subject to registration.

TAIWAN

Notifications

Exchange Control Information. The Participant may acquire and remit foreign currency (including
proceeds from the sale of Shares) into and out of Taiwan up to US$5,000,000 (approximately TWD
160,580,024 as of July 2010) per year. If the transaction amount is TWD 500,000 or more in a
single transaction, the Participant must submit a Foreign Exchange Transaction Form and also
provide supporting documentation to the satisfaction of the remitting bank.

TURKEY

Notifications

Exchange Control Information. Exchange control regulations require Turkish residents to buy Shares
through intermediary financial institutions that are approved under the Capital Market Law (i.e.,
banks licensed in Turkey). Therefore, if the Participant uses cash to exercise his or her Option,
the funds must be remitted through a bank or other financial institution licensed in Turkey. A
wire transfer of funds by a Turkish bank will satisfy this requirement. This requirement does not
apply to cashless exercises, as no funds leave Turkey.

Securities Law Information. Under Turkish law, the Participant is not permitted to sell the Shares
issued upon exercise in Turkey.

UNITED KINGDOM

Terms and Conditions

Tax Obligations. The following provisions supplement Section 4.4 of the Agreement:

The Participant agrees that, if Participant does not pay or the Employer or the Company does not
withhold from the Participant the full amount of Tax-Related Items that the Participant owes at
exercise of the Option, or the release or assignment of the Option for consideration, or the
receipt of any other benefit in connection with the Option (the “Taxable Event”) within 90 days
after the Taxable Event, or such other period specified in section 222(1)(c) of the U.K. Income Tax
(Earnings and Pensions) Act 2003, then the amount that should have been withheld shall constitute a
loan owed by the Participant to the Employer, effective 90 days after the Taxable Event. The
Participant agrees that the loan will bear interest at the HMRC’s official rate and will be
immediately due and repayable by the Participant, and the Company and/or the Employer may recover
it at any time thereafter by withholding the funds from salary, bonus or any other funds due to the
Participant by the Employer, by withholding in Shares issued upon exercise of the Option or from
the cash proceeds from the sale of Shares or by demanding cash or a check from the Participant. The
Participant also authorizes the Company to delay the issuance of any Shares unless and until the
loan is repaid in full.

 

 

 

Notwithstanding the foregoing, if the Participant is an officer or executive director (as within
the meaning of section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), the
terms of the immediately foregoing provision will not apply. In the event that the Participant is
an officer or executive director and Tax-Related Items are not collected from or paid by
Participant within 90 days of the Taxable Event, the amount of any uncollected Tax-Related Items
may constitute a benefit to the Participant on which additional income tax and National Insurance
Contributions may be payable. The Participant acknowledges that the Company or the Employer may
recover any such additional income tax and National Insurance Contributions at any time thereafter
by any of the means referred to in Section 4.4 of the Agreement, although the Participant
acknowledges that he/she ultimately will be responsible for reporting any income tax or National
Insurance Contributions due on this additional benefit directly to the HMRC under the
self-assessment regime.

National Insurance Contributions Acknowledgment. As a condition of participation in the Plan and
the exercise of the Option, the Participant agrees to accept any liability for secondary Class 1
National Insurance Contributions which may be payable by the Company and/or the Employer in
connection with the Option and any event giving rise to Tax-Related Items (the “Employer NICs”).
To accomplish the foregoing, the Participant agrees to execute a joint election with the Company,
the form of such joint election being formally approved by HMRC (the “Joint Election”), and any
other required consent or election. The Participant further agrees to execute such other joint
elections as may be required between the Participant and any successor to the Company and/or the
Employer. The Participant further agrees that the Company and/or the Employer may collect the
Employer NICs from the Participant by any of the means set forth in Section 4.4 of the Agreement.

If the Participant does not enter into a Joint Election prior to exercising the Option or if
approval of the Joint Election has been withdrawn by HMRC, the Option shall become null and void
without any liability to the Company and/or the Employer and may not be exercised by the
Participant.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00176-of-00352.parquet"}]]