Document:

Exhibit 10.1

Exhibit 10.1

EXECUTION COPY

VOTING AGREEMENT

BY AND AMONG

THE CHARLES SCHWAB CORPORATION,

G-BAR LIMITED PARTNERSHIP,

JG 2002 DELTA TRUST

AND

(SOLELY FOR PURPOSES OF SECTION 5.2 HEREOF)

OPTIONSXPRESS HOLDINGS, INC.

DATED AS OF MARCH 18, 2011

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I General
	 	 	1	 
	1.1. Defined Terms
	 	 	1	 
	 
	 	 	 	 
	ARTICLE II VOTING
	 	 	3	 
	2.1. Agreement to Vote
	 	 	3	 
	2.2. No Inconsistent Agreements
	 	 	4	 
	2.3. Proxy
	 	 	4	 
	 
	 	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES
	 	 	5	 
	3.1. Representations and Warranties of the Stockholders
	 	 	5	 
	 
	 	 	 	 
	ARTICLE IV OTHER COVENANTS
	 	 	6	 
	4.1. Prohibition on Transfers, Other Actions
	 	 	6	 
	4.2. Stock Dividends, etc.
	 	 	6	 
	4.3. No Solicitation
	 	 	7	 
	4.4. Notice of Acquisitions, Proposals Regarding Prohibited Transactions
	 	 	7	 
	4.5. Further Assurances
	 	 	8	 
	 
	 	 	 	 
	ARTICLE V MISCELLANEOUS
	 	 	8	 
	5.1. Termination
	 	 	8	 
	5.2. Stop Transfer Order
	 	 	8	 
	5.3. No Ownership Interest
	 	 	9	 
	5.4. Notices
	 	 	9	 
	5.5. Interpretation
	 	 	11	 
	5.6. Counterparts
	 	 	11	 
	5.7. Entire Agreement
	 	 	11	 
	5.8. Governing Law; Consent to Jurisdiction; Waiver of Jury Trial
	 	 	11	 
	5.9. Amendment; Waiver
	 	 	12	 
	5.10. Remedies
	 	 	12	 
	5.11. Severability
	 	 	13	 
	5.12. Successors and Assigns; Third Party Beneficiaries
	 	 	13	 
	 
	 	 	 	 
	Schedule 1: Stockholder Information
	 	 	 	 

 

 

 

INDEX OF DEFINED TERMS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	Acquiror
	 	 	1	 
	Affiliate
	 	 	1	 
	Agreement
	 	 	1	 
	Beneficial Ownership
	 	 	2	 
	Beneficially Own
	 	 	2	 
	Beneficially Owned
	 	 	2	 
	Common Stock
	 	 	1	 
	Company
	 	 	1	 
	control
	 	 	2	 
	Covered Shares
	 	 	2	 
	Encumbrance
	 	 	2	 
	Existing Shares
	 	 	2	 
	G-Bar
	 	 	1	 
	Merger
	 	 	1	 
	Merger Agreement
	 	 	1	 
	Merger Sub
	 	 	1	 
	Permitted Transfer
	 	 	2	 
	Person
	 	 	3	 
	Representatives
	 	 	3	 
	Stockholder
	 	 	1	 
	Stockholders
	 	 	1	 
	Subsidiary
	 	 	3	 
	Transfer
	 	 	3	 
	Trust
	 	 	1	 
	willful and material breach
	 	 	8	 

 

ii

 

VOTING AGREEMENT

VOTING AGREEMENT, dated as of March 18, 2011 (this “Agreement”), by and among The
Charles Schwab Corporation, a Delaware corporation (“Acquiror”), G-Bar Limited Partnership
(“G-Bar”), JG 2002 Delta Trust (“Trust”) (each of G-Bar and Trust, a
“Stockholder” and, collectively, the “Stockholders”) and, solely for the purposes
of Section 5.2 hereof, optionsXpress Holdings, Inc., a Delaware corporation (the
“Company”).

WITNESSETH:

WHEREAS, concurrently with the execution of this Agreement, Acquiror, Neon Acquisition Corp.,
a Delaware corporation and a wholly owned subsidiary of Acquiror (“Merger Sub”), and the
Company are entering into an Agreement and Plan of Merger, dated as of the date hereof (as amended,
supplemented, restated or otherwise modified from time to time, the “Merger Agreement”)
pursuant to which, among other things, Merger Sub will merge with and into the Company (the
“Merger”) and each outstanding share of the common stock, par value $0.0001 per share, of
the Company (the “Common Stock”) will be converted into the right to receive the merger
consideration specified therein.

WHEREAS, as of the date hereof, (i) G-Bar is the record and beneficial owner, in the
aggregate, of 10,723,943 shares of Common Stock and (ii) Trust is the record and beneficial owner,
in the aggregate, of 2,441,783 shares of Common Stock.

WHEREAS, as a condition and inducement to Acquiror entering into the Merger Agreement,
Acquiror has required that the Stockholders agree, and the Stockholders have agreed, to enter into
this Agreement and abide by the covenants and obligations with respect to the Covered Shares (as
hereinafter defined) set forth herein.

NOW THEREFORE, in consideration of the foregoing and the mutual representations, warranties,
covenants and agreements herein contained, and intending to be legally bound hereby, the parties
hereto agree as follows:

ARTICLE I

GENERAL

1.1. Defined Terms. The following capitalized terms, as used in this Agreement, shall have
the meanings set forth below. Capitalized terms used but not otherwise defined herein shall have
the meanings ascribed thereto in the Merger Agreement.

“Affiliate” means, with respect to any Person, any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by or is under common
control with, such specified Person.

 

 

 

“Beneficial Ownership” by a Person of any securities includes ownership by any Person
who, directly or indirectly, through any contract, arrangement, understanding, relationship or
otherwise, has or shares (i) voting power which includes the power to vote, or to direct the voting
of, such security; and/or (ii) investment power which includes the power to dispose, or to direct
the disposition, of such security; and shall otherwise be interpreted in accordance with the term
“beneficial ownership” as defined in Rule 13d-3 adopted by the Securities and Exchange Commission
under the Securities Exchange Act of 1934, as amended; provided that for purposes of
determining Beneficial Ownership, a Person shall be deemed to be the Beneficial Owner of any
securities which such Person has, at any time during the term of this Agreement, the right to
acquire pursuant to any agreement, arrangement or understanding or upon the exercise of conversion
rights, exchange rights, warrants or options, or otherwise (irrespective of whether the right to
acquire such securities is exercisable immediately or only after the passage of time, including the
passage of time in excess of 60 days, the satisfaction of any conditions, the occurrence of any
event or any combination of the foregoing). The terms “Beneficially Own” and
“Beneficially Owned” shall have a correlative meaning.

“control” (including the terms “controlled by” and “under common control
with”), with respect to the relationship between or among two or more Persons, means the
possession, directly or indirectly, of the power to direct or cause the direction of the affairs or
management of a Person, whether through the ownership of voting securities, as trustee or executor,
by contract or any other means.

“Covered Shares” means, with respect to each Stockholder, such Stockholder’s Existing
Shares, together with any shares of Common Stock or other voting securities of the Company and any
securities convertible into or exercisable or exchangeable for shares of Common Stock or other
voting securities of the Company, in each case that such Stockholder acquires Beneficial Ownership
of on or after the date hereof.

“Encumbrance” means any security interest, pledge, mortgage, lien (statutory or
other), charge, option to purchase, lease or other right to acquire any interest or any claim,
restriction, covenant, title defect, hypothecation, assignment, deposit arrangement or other
encumbrance of any kind or any preference, priority or other security agreement or preferential
arrangement of any kind or nature whatsoever (including any conditional sale or other title
retention agreement).

“Existing Shares” means, with respect to each Stockholder, the number of shares of
Common Stock Beneficially Owned (and except as may be set forth on Schedule 1 hereto, owned of
record) by such Stockholder, as set forth opposite such Stockholder’s name on Schedule 1 hereto.

“Permitted Transfer” means a Transfer by a Stockholder to (i) any Affiliate of such
Stockholder, provided that, prior to the effectiveness of such Transfer, such transferee executes
and delivers to Acquiror a written agreement, in form and substance acceptable to Acquiror, to
assume all of such Stockholder’s obligations hereunder in respect of the securities subject to such
Transfer and to be bound by the terms of this Agreement, with respect to the securities subject to
such Transfer, to the same extent as such Stockholder is bound hereunder

 

2

 

and to make each of the representations and warranties hereunder in respect of the securities
transferred as such Stockholder shall have made hereunder.

“Person” means any individual, corporation, limited liability company, limited or
general partnership, joint venture, association, joint-stock company, trust, unincorporated
organization, government or any agency or political subdivision thereof or any other entity, or any
group comprised of two or more of the foregoing.

“Representatives” means the officers, directors, employees, partners, agents, advisors
and Affiliates of a Person.

“Subsidiary” means, with respect to any Person, any corporation or other organization,
whether incorporated or unincorporated, (i) of which such Person or any other Subsidiary of such
Person is a general partner, or (ii) at least a majority of the securities or other interests of
which having by their terms ordinary voting power to elect a majority of the board of directors or
others performing similar functions with respect to such corporation or other organization is
directly or indirectly owned or controlled by such Person or by any one or more of its
Subsidiaries, or by such Person and one or more of its Subsidiaries.

“Transfer” means, directly or indirectly, to sell, transfer, assign, pledge, encumber,
hypothecate or similarly dispose of (by merger (including by conversion into securities or other
consideration), by tendering into any tender or exchange offer, by testamentary disposition, by
operation of law or otherwise), either voluntarily or involuntarily, or to enter into any contract,
option or other arrangement or understanding with respect to the voting of or sale, transfer,
assignment, pledge, encumbrance, hypothecation or similar disposition of (by merger, by tendering
into any tender or exchange offer, by testamentary disposition, by operation of law or otherwise).

ARTICLE II

VOTING

2.1. Agreement to Vote. Each Stockholder hereby irrevocably and unconditionally agrees
that during the term of this Agreement, at the Company Stockholders Meeting and at any other
meeting of the stockholders of the Company, however called, including any adjournment or
postponement thereof, and in connection with any written consent of the stockholders of the
Company, such Stockholder shall, in each case to the fullest extent that such Stockholder’s Covered
Shares are entitled to vote thereon or consent thereto:

(a) appear at each such meeting or otherwise cause such Stockholder’s Covered Shares to be
counted as present thereat for purposes of calculating a quorum; and

(b) vote (or cause to be voted), in person or by proxy, or deliver (or cause to be delivered)
a written consent covering, all of such Stockholder’s Covered Shares (i) in favor of the adoption
of the Merger Agreement and any proposed postponements or adjournments of any annual or special
meetings of the stockholders of the Company at which the adoption of the Merger Agreement or any of
the matters described in clauses (ii) and (iii) of this Section 2.1(b)

 

3

 

are to be considered; (ii) against any action or agreement that is in opposition to the Merger
or that would result in a breach of any covenant, representation or warranty or any other
obligation or agreement of the Company contained in the Merger Agreement, or of such Stockholder
contained in this Agreement; and (iii) against any Acquisition Proposal and against any other
agreement or transaction that is intended, or could reasonably be expected, to materially impede,
interfere with, delay, postpone, frustrate the purposes of or adversely affect the Merger or the
other transactions contemplated by the Merger Agreement or this Agreement or the performance by the
Company of its obligations under the Merger Agreement or by such Stockholder of its obligations
under this Agreement, including: (A) any extraordinary corporate transaction, such as a merger,
consolidation or other business combination involving the Company or its Subsidiaries (other than
the Merger); (B) a sale, lease or transfer of a material amount of assets of the Company or any of
its Subsidiaries or any reorganization, recapitalization or liquidation of the Company or any of
its Subsidiaries; or (C) any change in the present capitalization or dividend policy of the
Company, except if approved by Acquiror. The obligations of such Stockholder specified in this
Section 2.1(b) shall apply whether or not the Merger or any action described above is recommended
by the Board of Directors of the Company (or any committee thereof).

2.2. No Inconsistent Agreements. Each Stockholder hereby covenants and agrees that, except
for this Agreement, such Stockholder (a) has not entered into, and shall not enter into at any time
while this Agreement remains in effect, any voting agreement or voting trust with respect to such
Stockholder’s Covered Shares, (b) has not granted, and shall not grant at any time while this
Agreement remains in effect, a proxy (except pursuant to Section 2.3 hereof), consent or power of
attorney with respect to such Stockholder’s Covered Shares and (c) has not taken and shall not
knowingly take any action that would make any representation or warranty of such Stockholder
contained herein untrue or incorrect or have the effect of preventing, impeding or delaying such
Stockholder from performing any of its obligations under this Agreement.

2.3. Proxy. Each Stockholder hereby irrevocably appoints as its proxy and
attorney-in-fact, Walter W. Bettinger II, Joseph R. Martinetto and Carrie E. Dwyer, in their
respective capacities as officers of Acquiror, and any individual who shall hereafter succeed to
any such officer of Acquiror, and any other Person designated in writing by Acquiror (collectively,
the “Grantees”), each of them individually, with full power of substitution, to vote or
execute written consents with respect to such Stockholder’s Covered Shares in accordance with
Section 2.1 hereof and, in the discretion of the Grantees, with respect to any proposed
postponements or adjournments of any annual or special meetings of the stockholders of the Company
at which any of the matters described in Section 2.1(b) was to be considered. This proxy is
coupled with an interest and shall be irrevocable, and each Stockholder will take such further
action or execute such other instruments as may be necessary to effectuate the intent of this proxy
and hereby revokes any proxy previously granted by such Stockholder with respect to such
Stockholder’s Covered Shares. Acquiror may terminate this proxy with respect to any Stockholder at
any time at its sole election by written notice provided to such Stockholder.

 

4

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES

3.1. Representations and Warranties of the Stockholders. Each Stockholder hereby
represents and warrants to Acquiror as follows:

(a) Organization; Authorization; Validity of Agreement; Necessary Action. Such Stockholder
is duly organized under the laws of its respective jurisdiction of organization and is validly
existing and in good standing under the laws of such jurisdiction. Such Stockholder has full power
and authority to execute and deliver this Agreement, to perform its obligations hereunder and to
consummate the transactions contemplated hereby. The execution and delivery by such Stockholder of
this Agreement, the performance by it of its obligations hereunder and the consummation by it of
the transactions contemplated hereby have been duly and validly authorized by such Stockholder and
no other actions or proceedings on the part of such Stockholder or any general or limited partner,
beneficiary or trustee thereof are necessary to authorize the execution and delivery by it of this
Agreement, the performance by it of its obligations hereunder or the consummation by it of the
transactions contemplated hereby. This Agreement has been duly executed and delivered by such
Stockholder and, assuming this Agreement constitutes a valid and binding obligation of the other
parties hereto, constitutes a legal, valid and binding obligation of such Stockholder, enforceable
against it in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer,
moratorium, reorganization or similar laws affecting the rights of creditors generally and the
availability of equitable remedies (regardless of whether such enforceability is considered in a
proceeding in equity or at law).

(b) Ownership. Such Stockholder’s Existing Shares are, and all of the Covered Shares
owned by such Stockholder from the date hereof through and on the Closing Date will be,
Beneficially Owned and owned of record by such Stockholder except to the extent such Covered Shares
are Transferred after the date hereof pursuant to a Permitted Transfer. Such Stockholder has good
and marketable title to such Stockholder’s Existing Shares, free and clear of any Encumbrances. As
of the date hereof, such Stockholder’s Existing Shares constitute all of the shares of Common Stock
Beneficially Owned or owned of record by such Stockholder. Such Stockholder has and will have at
all times through the Closing Date sole voting power (including the right to control such vote as
contemplated herein), sole power of disposition, sole power to issue instructions with respect to
the matters set forth in Article II hereof, and sole power to agree to all of the matters set forth
in this Agreement, in each case with respect to all of such Stockholder’s Existing Shares and with
respect to all of the Covered Shares owned by such Stockholder at all times through the Closing
Date.

(c) No Violation. The execution and delivery of this Agreement by such Stockholder does
not, and the performance by such Stockholder of its obligations under this Agreement will not, (i)
conflict with or violate the limited partnership agreement, trust declaration or similar instrument
or other comparable governing documents, as applicable, of such Stockholder, (ii) conflict with or
violate any law, ordinance or regulation of any Governmental Entity applicable to such Stockholder
or by which any of its assets or properties is bound, or (iii) conflict with, result in any breach
of or constitute a default (or an event that with notice or lapse of time or both would become a
default) under, or give to others any rights of

 

5

 

termination, amendment, acceleration or cancellation of, or result in the creation of any
Encumbrance on the Covered Shares pursuant to, any note, bond, mortgage, indenture, contract,
agreement, lease, license, permit, franchise or other instrument or obligation to which such
Stockholder is a party or by which such Stockholder or the Covered Shares is bound, except for any
of the foregoing as could not reasonably be expected, either individually or in the aggregate, to
impair the ability of such Stockholder to perform its obligations hereunder or to consummate the
transactions contemplated hereby on a timely basis.

(d) Consents and Approvals. The execution and delivery of this Agreement by such
Stockholder does not, and the performance by such Stockholder of its obligations under this
Agreement and the consummation by it of the transactions contemplated hereby will not, require such
Stockholder to obtain any consent, approval, authorization or permit of, or to make any filing with
or notification to, any Governmental Entity.

(e) Absence of Litigation. There is no suit, action, claim, investigation or proceeding
pending or, to the knowledge of such Stockholder, threatened against or affecting such Stockholder
or any of its Affiliates before or by any Governmental Entity that would reasonably be expected to
impair the ability of such Stockholder to perform its obligations hereunder or to consummate the
transactions contemplated hereby on a timely basis.

(f) Reliance by Acquiror and Merger Sub. Such Stockholder understands and acknowledges
that Acquiror and Merger Sub are entering into the Merger Agreement in reliance upon such
Stockholder’s execution and delivery of this Agreement and the representations and warranties of
such Stockholder contained herein.

ARTICLE IV

OTHER COVENANTS

4.1. Prohibition on Transfers, Other Actions. Each Stockholder hereby agrees not to (i)
Transfer any of such Stockholder’s Covered Shares, Beneficial Ownership or record ownership thereof
or any other interest therein unless such Transfer is a Permitted Transfer; (ii) enter into any
agreement, arrangement or understanding with any Person, or take any other action, that violates or
conflicts with or could reasonably be expected to violate or conflict with, or result in or give
rise to a violation of or conflict with, such Stockholder’s representations, warranties, covenants
and obligations under this Agreement; or (iii) take any action that could restrict or otherwise
affect such Stockholder’s legal power, authority and right to comply with and perform its covenants
and obligations under this Agreement. Each Stockholder agrees that any Transfer in violation of
this provision shall be void and of no force or effect.

4.2. Stock Dividends, etc. In the event of a stock split, stock dividend or distribution,
or any change in the Common Stock by reason of any split-up, reverse stock split, recapitalization,
combination, reclassification, exchange of shares or the like, the terms “Existing Shares” and
“Covered Shares” shall be deemed to refer to and include such shares as well as all such stock
dividends and distributions and any securities into which or for which any or all of such shares
may be changed or exchanged or which are received in such transaction.

 

6

 

4.3. No Solicitation. Each Stockholder hereby agrees that during the term of this
Agreement it shall not, and shall not permit any of its Subsidiaries, Affiliates or Representatives
to, (i) initiate, solicit, encourage or knowingly facilitate (including by way of providing
information) the submission of any inquiries, proposals or offers (whether firm or hypothetical) or
any other efforts or attempts that constitute or may reasonably be expected to lead to, any
Acquisition Proposal, (ii) have any discussions with or provide any confidential information or
data to any person relating to an Acquisition Proposal, or engage in any negotiations concerning an
Acquisition Proposal, (iii) approve or recommend, or publicly propose to approve or recommend, any
Acquisition Proposal, (iv) approve or recommend, or publicly propose to approve or recommend, or
execute or enter into, any letter of intent, agreement in principle, memorandum of understanding,
merger agreement, asset or share purchase or share exchange agreement, option agreement or other
similar agreement related to any Acquisition Proposal, (v) enter into any agreement or agreement in
principle requiring, directly or indirectly, the Company to abandon, terminate or fail to
consummate the transactions contemplated by the Merger Agreement or breach its obligations
thereunder, (vi) make or participate in, directly or indirectly, a “solicitation” of “proxies” (as
such terms are used in the rules of the SEC) or powers of attorney or similar rights to vote, or
seek to advise or influence any Person with respect to the voting of, any shares of Common Stock in
connection with any vote or other action on any matter, other than to recommend that stockholders
of the Company vote in favor of the adoption of the Merger Agreement and as otherwise expressly
provided in this Agreement, or (vii) publicly propose or agree to do any of the foregoing. Each
Stockholder hereby agrees immediately to cease and cause to be terminated any activities,
discussions or negotiations conducted before the date of this Agreement with any Persons other than
Acquiror with respect to any Acquisition Proposal, and will take the necessary steps to inform its
Affiliates and Representatives of the obligations undertaken by such Stockholder pursuant to this
Agreement, including this Section 4.3. Each Stockholder also agrees that any violation of this
Section 4.3 by any of its Affiliates or Representatives shall be deemed to be a violation by such
Stockholder of this Section 4.3.

4.4. Notice of Acquisitions, Proposals Regarding Prohibited Transactions. Each Stockholder
hereby agrees to notify Acquiror as promptly as practicable (and in any event within 24 hours) in
writing of (i) the number of any additional shares of Common Stock or other securities of the
Company of which such Stockholder acquires Beneficial Ownership on or after the date hereof, (ii)
any inquiries or proposals which are received by, any information which is requested from, or any
negotiations or discussions which are sought to be initiated or continued with, such Stockholder or
any of its Affiliates with respect to any Acquisition Proposal or any other matter referred to in
Section 4.3 (including the material terms thereof and the identity of such person(s) making such
inquiry or proposal, requesting such information or seeking to initiate or continue such
negotiations or discussions, as the case may be) and (iii) any proposed Permitted Transfers of such
Stockholder’s Covered Shares, Beneficial Ownership thereof or any other interest therein. Each
Stockholder will keep Acquiror fully informed in all material respects of any related developments,
discussions and inquiries relating to the matters described in clause (ii) of the preceding
sentence and shall provide to Acquiror as soon as practicable after receipt or delivery thereof
copies of all correspondence and other written materials sent or provided to such Stockholder or
any of its Subsidiaries from any person that describes the terms or conditions of any Acquisition
Proposal or other proposal that is the subject of any such inquiry, proposals or information
requests.

 

7

 

4.5. Further Assurances. From time to time, at Acquiror’s request and without further
consideration, each Stockholder shall execute and deliver such additional documents and take all
such further action as may be necessary or desirable to effect the actions and consummate the
transactions contemplated by this Agreement. Without limiting the foregoing, each Stockholder
hereby authorizes Acquiror to publish and disclose in any announcement or disclosure required by
the SEC and in the Proxy Statement/Prospectus such Stockholder’s identity and ownership of the
Covered Shares and the nature of such Stockholder’s obligations under this Agreement.

ARTICLE V

MISCELLANEOUS

5.1. Termination. This Agreement shall remain in effect until the earlier to occur of (i)
the Effective Time and (ii) the date of termination of the Merger Agreement; provided,
however, that the provisions of this Section 5.1 and Sections 5.4 through 5.12 shall
survive any termination of this Agreement without regard to any temporal limitation. Nothing in
this Section 5.1 and no termination of this Agreement shall relieve any party hereto from any
liability or damages to the extent such liabilities or damages were the result of its fraud or the
willful and material breach by such party of any of its representations, warranties, covenants or
other agreements set forth in this Agreement. For purposes of this Agreement, “willful and
material breach” shall mean a material breach that is a consequence of an act undertaken by the
breaching party with the knowledge (actual or constructive) that the taking of such act would, or
would be reasonably expected to, cause a breach of this Agreement.

5.2. Stop Transfer Order.

(a) In furtherance of this Agreement, each Stockholder hereby authorizes and instructs the
Company to instruct its transfer agent to enter a stop transfer order with respect to all of such
Stockholder’s Covered Shares. The Company agrees that as promptly as practicable after the date of
this Agreement it shall give such stop transfer instructions to the transfer agent for the Common
Stock.

(b) In the event that a Stockholder intends to undertake a Permitted Transfer of its Covered
Shares, such Stockholder shall provide notice thereof to the Company and Acquiror and shall
authorize the Company to instruct its transfer agent to (i) lift the stop transfer order in order
to effect such Permitted Transfer only upon certification by Acquiror that the written agreement to
be entered into by the transferee agreeing to be bound by this Agreement pursuant to the definition
of “Permitted Transfer” is satisfactory to Acquiror and (ii) re-enter the stop transfer order upon
completion of the Permitted Transfer. The Company agrees that as promptly as practical after the
receipt of such notice of a contemplated Permitted Transfer together with a duly executed copy of
the applicable written agreement of the proposed transferee agreeing to be bound by the terms of
this Agreement, and written acknowledgement from Acquiror of its approval of such written
agreement, it shall instruct the transfer agent for the Common Stock to (x) lift such stop transfer
order with respect to such Stockholder’s Covered Shares in order to effect such Permitted Transfer
and (y) re-enter the stop transfer order upon completion of the Permitted Transfer;
provided that the Company shall not permit such Transfer to be registered by the transfer
agent or such stop transfer restrictions to be lifted if Acquiror has not so approved,

 

8

 

and received a copy of, such duly executed written agreement of the proposed transferee or if
the Company or Acquiror otherwise determines that the Transfer to be effected by such Stockholder
is not a Permitted Transfer.

(c) At the request of Acquiror, the Company agrees to take all action necessary to void any
Transfer in violation of Section 4.1.

5.3. No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in
Acquiror any direct or indirect ownership or incidence of ownership of or with respect to any
Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares
shall remain vested in and belong to the applicable Stockholder, and Acquiror shall have no
authority to direct any Stockholder in the voting or disposition of any of the Covered Shares,
except as otherwise provided herein.

5.4. Notices. All notices and other communications hereunder shall be in writing and shall
be deemed given if delivered personally, telecopied (upon telephonic confirmation of receipt), on
the first Business Day following the date of dispatch if delivered by a recognized next day courier
service or on the third Business Day following the date of mailing if delivered by registered or
certified mail, return receipt requested, post prepaid. All notices hereunder shall be delivered
as set forth below, or pursuant to such other instructions as may be designated in writing by the
party to receive such notice:

	 	(a)	 	if to Acquiror, to:

The Charles Schwab Corporation

211 Main Street

San Francisco, CA 94105

Attention: Joseph R. Martinetto,

Executive Vice President

and Chief Financial Officer

Fax: (415) 667-9731

with a copy to:

The Charles Schwab Corporation

211 Main Street

San Francisco, CA 94105

Attention: Carrie E. Dwyer,

Executive Vice President,

Corporate Oversight

and General Counsel

Fax: (415) 667-9814

with a copy to:

Simpson Thacher & Bartlett LLP

425 Lexington Avenue

New York, NY 10017

 

9

 

Attention: Lee Meyerson

Elizabeth A. Cooper

Fax: (212) 455-2502

	 	(b)	 	if to the Company (for purposes of Section 5.2), to:

optionsXpress Holdings, Inc.

311 W. Monroe St., Suite 1000

Chicago, IL 60606

Attention: Adam J. DeWitt,

Chief Financial Officer

Fax: (312) 220-7070

with a copy to:

Kirkland & Ellis LLP

300 North LaSalle Street

Chicago, IL 60654

Attention: Sanford E. Perl, P.C.

Gerald T. Nowak, P.C.

Fax: (312) 862-2200

	 	(c)	 	if to G-Bar, to:

G-Bar Limited Partnership

440 S. LaSalle St., Suite 650

Chicago, IL 60605

Attention: James Gray

Fax: (312) 362-4208

with a copy to:

Kirkland & Ellis LLP

300 North LaSalle Street

Chicago, IL 60654

Attention: Sanford E. Perl, P.C.

Gerald T. Nowak, P.C.

Fax: (312) 862-2200

	 	(d)	 	if to Trust, to:

JG 2002 Delta Trust

c/o G-Bar Limited Partnership

440 S. LaSalle St., Suite 650

Chicago, IL 60605

Attention: James Gray

Fax: (312) 362-4208

 

10

 

with a copy to:

Kirkland & Ellis LLP

300 North LaSalle Street

Chicago, IL 60654

Attention: Sanford E. Perl, P.C.

Gerald T. Nowak, P.C.

Fax: (312) 862-2200

5.5. Interpretation. The words “hereof,” “herein” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement, and Section references are to this Agreement unless
otherwise specified. Whenever the words “include,” “includes” or “including” are used in this
Agreement, they shall be deemed to be followed by the words “without limitation.” The meanings
given to terms defined herein shall be equally applicable to both the singular and plural forms of
such terms. The table of contents and headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. This
Agreement is the product of negotiation by the parties having the assistance of counsel and other
advisers. It is the intention of the parties that this Agreement not be construed more strictly
with regard to one party than with regard to the others.

5.6. Counterparts. This Agreement may be executed by facsimile and in counterparts, all of
which shall be considered one and the same agreement and shall become effective when counterparts
have been signed by each of the parties and delivered to the other parties, it being understood
that all parties need not sign the same counterpart.

5.7. Entire Agreement. This Agreement and, to the extent referenced herein, the Merger
Agreement, together with the several agreements and other documents and instruments referred to
herein or therein or annexed hereto or thereto, embody the complete agreement and understanding
among the parties hereto with respect to the subject matter hereof and supersede and preempt any
prior understandings, agreements or representations by or among the parties, written and oral, that
may have related to the subject matter hereof in any way.

5.8. Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This Agreement shall be
governed by and construed in accordance with the laws of the State of Delaware (except to the
extent that mandatory provisions of federal Law are applicable).

(a) Each party hereby irrevocably and unconditionally consents to submit to the exclusive
jurisdiction and venue of the Delaware Court of Chancery, New Castle County, or if that court does
not have jurisdiction, a federal court sitting in the State of Delaware, and the courts hearing
appeals therefrom, for any action, suit or proceeding arising out of or relating to this Agreement
and the transactions contemplated hereby. Each party hereby irrevocably and unconditionally
waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any
such action, suit or proceeding, any claim that it is not personally subject to the jurisdiction of
the aforesaid courts for any reason, other than the failure to serve process in accordance with
this Section 5.8, that it or its property is exempt or immune from jurisdiction of any such court
or from any legal process commenced in such courts (whether through service of

 

11

 

notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of
judgment or otherwise), and to the fullest extent permitted by applicable Law, that the action,
suit or proceeding in any such court is brought in an inconvenient forum, that the venue of such
action, suit or proceeding is improper, or that this Agreement, or the subject matter hereof, may
not be enforced in or by such courts and further irrevocably waives, to the fullest extent
permitted by applicable Law, the benefit of any defense that would hinder, fetter or delay the
levy, execution or collection of any amount to which the party is entitled pursuant to the final
judgment of any court having jurisdiction. Each party irrevocably and unconditionally waives, to
the fullest extent permitted by applicable Law, any and all rights to trial by jury in connection
with any action, suit or proceeding arising out of or relating to this Agreement or the
transactions contemplated hereby.

(b) Each party further irrevocably consents to the service of process out of any of the
aforementioned courts in any action, suit or proceeding arising out of or relating to this
Agreement by the mailing of copies thereof by registered mail, postage prepaid, to such party at
its address specified pursuant to Section 5.4, such service of process to be effective upon
acknowledgment of receipt of such registered mail.

(c) Each party expressly acknowledges that the foregoing waivers are intended to be
irrevocable under the laws of the State of Delaware and of the United States of America;
provided, that consent by the parties to jurisdiction and service contained in this Section
5.8 is solely for the purpose referred to in this Section 5.8 and shall not be deemed to be a
general submission to said courts or in the State of Delaware other than for such purpose.

5.9. Amendment; Waiver. This Agreement may not be amended except by an instrument in
writing signed by Acquiror and each of the Stockholders, provided that any amendment to
Section 5.2 shall also require the consent of the Company. Each party may waive any right of such
party hereunder by an instrument in writing signed by such party and delivered to Acquiror and each
of the Stockholders.

5.10. Remedies.

(a) Each party hereto acknowledges that monetary damages would not be an adequate remedy in
the event that any covenant or agreement in this Agreement is not performed in accordance with its
terms, and it is therefore agreed that, in addition to and without limiting any other remedy or
right it may have, the non-breaching party will have the right to an injunction, temporary
restraining order or other equitable relief in any court of competent jurisdiction enjoining any
such breach and enforcing specifically the terms and provisions hereof. Each party hereto agrees
not to oppose the granting of such relief in the event a court determines that such a breach has
occurred, and to waive any requirement for the securing or posting of any bond in connection with
such remedy.

(b) All rights, powers and remedies provided under this Agreement or otherwise available in
respect hereof at law or in equity shall be cumulative and not alternative, and the exercise or
beginning of the exercise of any thereof by any party shall not preclude the simultaneous or later
exercise of any other such right, power or remedy by such party.

 

12

 

5.11. Severability. Any term or provision of this Agreement which is determined by a court
of competent jurisdiction to be invalid or unenforceable in any jurisdiction shall, as to that
jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering
invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the
validity or enforceability of any of the terms or provisions of this Agreement in any other
jurisdiction, and if any provision of this Agreement is determined to be so broad as to be
unenforceable, the provision shall be interpreted to be only so broad as is enforceable, in all
cases so long as neither the economic nor legal substance of the transactions contemplated hereby
is affected in any manner adverse to any party or its stockholders. Upon any such determination,
the parties shall negotiate in good faith in an effort to agree upon a suitable and equitable
substitute provision to effect the original intent of the parties as closely as possible and to the
end that the transactions contemplated hereby shall be fulfilled to the maximum extent possible.

5.12. Successors and Assigns; Third Party Beneficiaries. Except in connection with a
Permitted Transfer as provided herein, neither this Agreement nor any of the rights or obligations
of any party under this Agreement shall be assigned, in whole or in part (by operation of law or
otherwise), by any party without the prior written consent of the other parties hereto. Subject to
the foregoing, this Agreement shall bind and inure to the benefit of and be enforceable by the
parties hereto and their respective successors and permitted assigns. Nothing in this Agreement,
express or implied, is intended to confer on any Person other than the parties hereto or their
respective successors and permitted assigns any rights, remedies, obligations or liabilities under
or by reason of this Agreement.

[Remainder of this page intentionally left blank]

 

13

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed (where
applicable, by their respective officers or other authorized Person thereunto duly authorized) as
of the date first written above.

	 	 	 	 	 
	 	THE CHARLES SCHWAB CORPORATION

 	 
	 	By:  	/s/ Joseph R. Martinetto
 	 
	 	 	Name:  	Joseph R. Martinetto 	 
	 	 	Title:  	Executive Vice President and

Chief Financial Officer 	 
	 
	 	G-BAR LIMITED PARTNERSHIP

 	 
	 	By:  	/s/ James Gray
 	 
	 	 	Name:  	James Gray 	 
	 	 	Title:  	President, G-Bar Management Corp. 	 
	 
	 	JG 2002 DELTA TRUST

 	 
	 	By:  	/s/ James Gray
 	 
	 	 	Name:  	James Gray 	 
	 	 	Title:  	Trustee 	 
	 
	 	OPTIONSXPRESS HOLDINGS, INC. (solely for

purposes of Section 5.2)

 	 
	 	By:  	/s/ David Fisher
 	 
	 	 	Name:  	David Fisher 	 
	 	 	Title:  	Chief Executive Officer 	 

[Signature Page to Voting Agreement]

 

 

Schedule 1

STOCKHOLDER INFORMATION

	 	 	 
	Name	 	Existing Shares
	 
	 	 
	G-Bar Limited Partnership

	 	 10,723,943 shares of Common Stock
	 
	 	 
	Address for Notices:
	 	 
	 
	 	 
	James Gray
	 	 
	G-Bar Limited Partnership
	 	 
	440 S. LaSalle St., Suite 650
	 	 
	Chicago, IL 60605
	 	 
	 
	 	 
	JG 2002 Delta Trust

	 	 2,441,783 shares of Common Stock
	 
	 	 
	Address for Notices:
	 	 
	 
	 	 
	James Gray
	 	 
	G-Bar Limited Partnership
	 	 
	440 S. LaSalle St., Suite 650
	 	 
	Chicago, IL 60605exv10w1

Exhibit 10.1

 

THIRD AMENDED AND RESTATED LOAN AGREEMENT

— Among —

MOOG INC.

as Borrower

— And —

THE LENDERS PARTY HERETO

and

HSBC BANK USA, NATIONAL ASSOCIATION

as Administrative Agent, Swingline Lender and Issuing Bank

and

MANUFACTURERS AND TRADERS TRUST COMPANY

as Lead Syndication Agent,

and

BANK OF AMERICA, N.A.

JPMORGAN CHASE BANK, N.A.

as Co-Syndication Agents

and

CITIZENS BANK OF PENNSYLVANIA

as Documentation Agent

Dated: as of March 18, 2011

 

HSBC BANK USA, NATIONAL ASSOCIATION

Arranger

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	PAGE
	 
	 	 	 	 	 	 
	ARTICLE I. DEFINITIONS	 	2	 
	 
	 	 	 	 	 	 
	1.1

	 	Definitions
	 	 	2	 
	1.2

	 	Accounting Terms
	 	 	28	 
	1.3

	 	Exchange Rates; Currency Equivalents
	 	 	28	 
	1.4

	 	European Economic and Monetary Union Provisions
	 	 	29	 
	1.5

	 	Unavailability of Alternative Currency Loans
	 	 	30	 
	1.6

	 	Times of Day
	 	 	30	 
	1.7

	 	Letters of Credit Amounts
	 	 	30	 
	 
	 	 	 	 	 	 
	ARTICLE II. THE CREDIT	 	31	 
	 
	 	 	 	 	 	 
	2.1

	 	The Revolving Credit
	 	 	31	 
	2.2

	 	The Notes
	 	 	33	 
	2.3

	 	Swingline Loans
	 	 	34	 
	2.4

	 	Letters of Credit
	 	 	36	 
	2.5

	 	Funding of Borrowings
	 	 	43	 
	2.6

	 	Interest
	 	 	44	 
	2.7

	 	Prepayments
	 	 	46	 
	2.8

	 	Use of Proceeds
	 	 	48	 
	2.9

	 	Alternate Rate of Interest
	 	 	48	 
	2.10

	 	Increased Costs
	 	 	48	 
	2.11

	 	Taxes
	 	 	49	 
	2.12

	 	Commitment Fee
	 	 	50	 
	2.13

	 	Revolving Loan Commitment Termination and Reduction
	 	 	50	 
	2.14

	 	Payments
	 	 	51	 
	2.15

	 	Defaulting Lenders
	 	 	51	 
	2.16

	 	Upfront Fees
	 	 	52	 
	2.17

	 	Administrative Agent Fees
	 	 	52	 
	2.18

	 	Substitution of Lender
	 	 	52	 
	2.19

	 	Lender Statements; Survival of Indemnity
	 	 	53	 
	2.20

	 	Returned Payments
	 	 	54	 
	2.21

	 	Expansion Option
	 	 	54	 
	 
	 	 	 	 	 	 
	ARTICLE III. CONDITIONS TO THE CREDIT	 	56	 
	 
	 	 	 	 	 	 
	3.1

	 	No Default
	 	 	56	 
	3.2

	 	Representations and Warranties
	 	 	56	 
	3.3

	 	Proceedings
	 	 	56	 
	3.4

	 	Closing Conditions
	 	 	56	 
	3.5

	 	Conditions to Subsequent Borrowing and Issuance
	 	 	59	 
	3.6

	 	Subsequent Extensions of Credit
	 	 	59	 

-i-

 

	 	 	 	 	 	 	 
	 	 	 	 	PAGE
	 
	 	 	 	 	 	 
	ARTICLE IV. REPRESENTATIONS AND WARRANTIES	 	60	 
	 
	 	 	 	 	 	 
	4.1

	 	Corporate Status
	 	 	60	 
	4.2

	 	Valid and Binding Obligation
	 	 	60	 
	4.3

	 	No Pending Litigation
	 	 	60	 
	4.4

	 	No Consent or Filing
	 	 	60	 
	4.5

	 	No Violations
	 	 	61	 
	4.6

	 	Financial Statements
	 	 	61	 
	4.7

	 	No Material Adverse Change
	 	 	61	 
	4.8

	 	Tax Returns and Payments
	 	 	61	 
	4.9

	 	Title to Properties, etc
	 	 	62	 
	4.10

	 	Lawful Operations, etc
	 	 	62	 
	4.11

	 	Environmental Matters
	 	 	62	 
	4.12

	 	Compliance with ERISA
	 	 	63	 
	4.13

	 	Investment Company Act, etc
	 	 	63	 
	4.14

	 	Insurance
	 	 	64	 
	4.15

	 	Burdensome Contracts; Labor Relations
	 	 	64	 
	4.16

	 	Liens
	 	 	64	 
	4.17

	 	Defaults
	 	 	64	 
	4.18

	 	Anti-Terrorism Law Compliance
	 	 	65	 
	4.19

	 	Intellectual Property
	 	 	65	 
	4.20

	 	Accuracy of Information, etc
	 	 	65	 
	4.21

	 	Subordinated Indebtedness
	 	 	66	 
	 
	 	 	 	 	 	 
	ARTICLE V. AFFIRMATIVE COVENANTS	 	66	 
	 
	 	 	 	 	 	 
	5.1

	 	Payments
	 	 	66	 
	5.2

	 	Reporting Requirements
	 	 	66	 
	5.3

	 	Books, Records and Inspections
	 	 	70	 
	5.4

	 	Insurance
	 	 	71	 
	5.5

	 	Payment of Taxes and Claims
	 	 	72	 
	5.6

	 	Corporate Franchises
	 	 	72	 
	5.7

	 	Good Repair
	 	 	72	 
	5.8

	 	Compliance with Law
	 	 	72	 
	5.9

	 	Compliance with Environmental Laws
	 	 	72	 
	5.10

	 	Certain Subsidiaries to Become Guarantors
	 	 	73	 
	5.11

	 	Additional Security; Further Assurances.
	 	 	74	 
	5.12

	 	Accounting; Reserves; Tax Returns
	 	 	75	 
	5.13

	 	Liens and Encumbrances
	 	 	75	 
	5.14

	 	Defaults and Material Adverse Effects
	 	 	75	 
	5.15

	 	Further Actions
	 	 	75	 
	 
	 	 	 	 	 	 
	ARTICLE VI. FINANCIAL COVENANTS	 	75	 
	 
	 	 	 	 	 	 
	6.1

	 	Interest Coverage Ratio
	 	 	75	 
	6.2

	 	Leverage Ratio
	 	 	76	 

-ii-

 

	 	 	 	 	 	 	 
	 	 	 	 	PAGE
	 
	 	 	 	 	 	 
	6.3

	 	Consolidated Capital Expenditures
	 	 	76	 
	 
	 	 	 	 	 	 
	ARTICLE VII.
NEGATIVE COVENANTS	 	76	 
	 
	 	 	 	 	 	 
	7.1

	 	Indebtedness
	 	 	76	 
	7.2

	 	Encumbrances
	 	 	77	 
	7.3

	 	Investments and Guaranty Obligations
	 	 	78	 
	7.4

	 	Restricted Payments
	 	 	80	 
	7.5

	 	Limitation on Certain Restrictive Agreements
	 	 	80	 
	7.6

	 	Material Indebtedness Agreements
	 	 	81	 
	7.7

	 	Changes in Business
	 	 	82	 
	7.8

	 	Consolidation, Merger, Acquisitions, Asset Sales, etc
	 	 	82	 
	7.9

	 	Transactions with Affiliates
	 	 	83	 
	7.10

	 	Fiscal Years, Fiscal Quarters
	 	 	83	 
	7.11

	 	Anti-Terrorism Laws
	 	 	83	 
	 
	 	 	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT	 	84	 
	 
	 	 	 	 	 	 
	8.1

	 	Events of Default
	 	 	84	 
	8.2

	 	Effects of an Event of Default
	 	 	86	 
	8.3

	 	Remedies
	 	 	87	 
	8.4

	 	Application of Certain Payments and Proceeds
	 	 	87	 
	 
	 	 	 	 	 	 
	ARTICLE IX. EXPENSES	 	88	 
	 
	 	 	 	 	 	 
	9.1

	 	Expenses
	 	 	88	 
	9.2

	 	Indemnification
	 	 	89	 
	 
	 	 	 	 	 	 
	ARTICLE X. THE AGENTS AND ISSUING BANk	 	89	 
	 
	 	 	 	 	 	 
	10.1

	 	Appointment and Authorization
	 	 	89	 
	10.2

	 	Waiver of Liability of Administrative Agent
	 	 	91	 
	10.3

	 	Note Holders
	 	 	92	 
	10.4

	 	Consultation with Counsel
	 	 	92	 
	10.5

	 	Documents
	 	 	92	 
	10.6

	 	Administrative Agent and Affiliates
	 	 	92	 
	10.7

	 	Knowledge of Default
	 	 	92	 
	10.8

	 	Enforcement
	 	 	92	 
	10.9

	 	Action by Administrative Agent
	 	 	93	 
	10.10

	 	Notices, Defaults, etc
	 	 	94	 
	10.11

	 	Indemnification of Administrative Agent
	 	 	94	 
	10.12

	 	Successor Administrative Agent
	 	 	94	 
	10.13

	 	Lenders’ Independent Investigation
	 	 	95	 
	10.14

	 	Amendments, Consents
	 	 	95	 
	10.15

	 	Funding by Administrative Agent
	 	 	97	 
	10.16

	 	Sharing of Payments
	 	 	97	 
	10.17

	 	Payment to Lenders
	 	 	98	 

-iii-

 

	 	 	 	 	 	 	 
	 	 	 	 	PAGE
	 
	 	 	 	 	 	 
	10.18

	 	Tax Withholding Clause
	 	 	98	 
	10.19

	 	USA Patriot Act
	 	 	101	 
	10.20

	 	Other Agents
	 	 	101	 
	10.21

	 	Issuing Bank
	 	 	101	 
	10.22

	 	Benefit of Article X
	 	 	101	 
	 
	 	 	 	 	 	 
	ARTICLE XI. MISCELLANEOUS	 	101	 
	 
	 	 	 	 	 	 
	11.1

	 	Amendments and Waivers
	 	 	101	 
	11.2

	 	Classified Programs
	 	 	102	 
	11.3

	 	Delays and Omissions
	 	 	102	 
	11.4

	 	Assignments/Participation
	 	 	102	 
	11.5

	 	Successors and Assigns
	 	 	104	 
	11.6

	 	Notices
	 	 	104	 
	11.7

	 	Governing Law
	 	 	105	 
	11.8

	 	Counterparts
	 	 	105	 
	11.9

	 	Titles
	 	 	105	 
	11.10

	 	Inconsistent Provisions
	 	 	106	 
	11.11

	 	Course of Dealing
	 	 	106	 
	11.12

	 	USA Patriot Act Notification
	 	 	106	 
	11.13

	 	Right of Set-Off
	 	 	106	 
	11.14

	 	Judgment Currency
	 	 	107	 
	11.15

	 	No Advisory Or Fiduciary Responsibility
	 	 	107	 
	11.16

	 	CONSENT TO JURISDICTION
	 	 	108	 
	11.17

	 	JURY TRIAL WAIVER
	 	 	108	 
	11.18

	 	AMENDMENT AND RESTATEMENT
	 	 	109	 

	 	 	 	 	 

	Exhibit A

	 	—
	 	Replacement Revolving Note
	Exhibit B

	 	—
	 	Replacement Alternative Currency Note
	Exhibit C

	 	—
	 	Replacement Swingline Note
	Exhibit D

	 	—
	 	Request Certificate
	Exhibit E

	 	—
	 	Compliance Certificate
	Exhibit F

	 	—
	 	Assignment and Assumption
	 
	 	 	 	 
	Schedule 1.1

	 	—
	 	Pension Plans
	Schedule 2.1

	 	—
	 	Lenders’ Commitments
	Schedule 2.4

	 	—
	 	Existing Letters of Credit
	Schedule 4.1

	 	—
	 	Subsidiaries
	Schedule 4.3

	 	—
	 	Pending Litigation
	Schedule 7.1

	 	—
	 	Permitted Indebtedness
	Schedule 7.2

	 	—
	 	Permitted Encumbrances
	Schedule 7.3

	 	—
	 	Permitted Investments and Guarantees

-iv-

 

WITNESSETH

          THIRD AMENDED AND RESTATED LOAN AGREEMENT dated as of March 18, 2011 (“Agreement”) among MOOG
INC., a New York corporation with its principal place of business at Jamison Road and Seneca
Street, East Aurora, New York 14052-0018 (“Borrower”), the several banks and other financial
institutions from time to time parties to this Agreement (individually, a “Lender” and
collectively, the “Lenders”) and HSBC BANK USA, NATIONAL ASSOCIATION, a bank organized under the
laws of the United States of America, with an office at Commercial Banking Department, One HSBC
Center, Buffalo, New York 14203 as Administrative Agent for the Lenders, Swingline Lender, and as
Issuing Bank, and MANUFACTURERS AND TRADERS TRUST COMPANY as Lead Syndication Agent, and BANK OF
AMERICA, N.A. and JPMORGAN CHASE BANK, N.A. as Co-Syndication Agents, and CITIZENS BANK OF
PENNSYLVANIA as Documentation Agent.

BACKGROUND

     A. Borrower, the Administrative Agent, the Swingline Lender, the Issuing Bank and the Lenders
previously entered into the Second Amended and Restated Loan Agreement dated as of October 25, 2006
as amended through Amendment No. 4 thereto dated as of June 26, 2009 (as so amended, the “2006
Agreement”). The 2006 Agreement amended and restated the Amended and Restated Loan Agreement dated
as of March 3, 2003 as modified through Modification No. 11 thereto dated as of August 15, 2006 (as
so modified, the “2003 Agreement”) to which the Borrower, the Administrative Agent, the Swingline
Lender, the Issuing Bank and most of the Lenders were a party. The 2003 Agreement amended and
restated a Corporate Revolving and Term Loan Agreement dated as of November 30, 1998, as amended
through Amendment No. 4 thereto dated as of December 7, 2001 (as so amended, the “1998 Agreement”)
to which Borrower, the Administrative Agent and most of the Lenders were a party.

     B. The 2006 Agreement provided for a $750,000,000 Revolving Loan Facility. The 2003 Agreement
provided for a $315,000,000 Revolving Loan Facility and a $75,000,000 Term Loan Facility. Both the
2006 Agreement and the 2003 Agreement were secured by liens on Borrower’s personal property assets,
pledges of 100% of the equity interests of certain domestic subsidiaries and pledges of 65% of the
equity interests of certain directly-owned foreign subsidiaries, a $12,900,000 mortgage on
Borrower’s New York State real property, unlimited deeds of trust on Borrower’s California and Utah
real property, and negative pledges from each of Moog Europe Holdings y Cia Sociedad Commandataria,
Moog Holding GmbH & Co. KG and Moog Luxembourg Finance S.A.R.L., each of which were entities formed
to hold ownership interests in certain of Borrower’s foreign subsidiaries. As a result of various
acquisitions since March 3, 2003, Borrower or certain new domestic subsidiaries of Borrower
acquired additional real property assets and mortgages or deeds of trust were granted to the
Administrative Agent for the benefit of the Lenders covering real estate in Murphy, North Carolina,
Springfield, Pennsylvania, Orrville, Ohio, Blacksburg, Virginia (3 parcels) and Galax, Virginia.

 

-2-

     C. The guarantors under the 2006 Agreement were Moog FSC Ltd., a Virgin Islands corporation
which was dissolved on December 31, 2006, Curlin Medical Inc., a Delaware corporation, Flo-Tork,
Inc., a Delaware corporation, Fundamental Technology Solutions, Inc., a Delaware corporation which
was merged into the Borrower on August 21, 2008, Moog Europe Holdings I LLC, a New York limited
liability company, and Moog Europe Holdings II LLC, a New York limited liability company, ZEVEX,
Inc., QuickSet International, Inc., CSA Engineering, Inc. and Videolarm, Inc., each of which
secured their guaranty with a lien on their personal property assets and, in some cases, their real
property assets.

     D. Pursuant to an Omnibus Assignment and Assumption Agreement dated as of the Closing Date (as
defined below) among Borrower, the Administrative Agent, the Swingline Lender, the Issuing Bank and
the lenders party to the 2006 Agreement (“2006 Lenders”), the 2006 Lenders assigned to the
Administrative Agent the outstanding loans and other obligations under the 2006 Agreement. As
further described in Section 2.1(e) of this Agreement, the Administrative Agent shall make a
subsequent assignment of the Commitments hereunder to the Lenders party hereto in the amounts set
forth on Schedule 2.1 to this Agreement; and

     E. The intention and desire of the parties hereto is that the loans and other obligations of
the borrower under the 2006 Agreement, and the rights, liens, security interests, mortgages, deeds
of trust, negative pledges and other collateral security of the agent and the lenders thereunder
shall hereafter be evidenced by this Agreement, the Assignment and Assumptions and the other Loan
Documents referred to in this Agreement.

          NOW, THEREFORE, the parties hereby agree that the 2006 Agreement is amended and restated
hereby and agree as follows:

ARTICLE I. DEFINITIONS

          1.1 Definitions. As used in this Agreement, unless otherwise specified, the following
terms shall have the following respective meanings:

          “30-Day LIBOR Rate” — the reserve adjusted rate of interest per annum determined by
the Administrative Agent to be applicable to a 30-day interest period appearing on Reuters Screen
LIBOR01 Page or such other substitute page that displays such rate or another alternate source
selected by the Administrative Agent to determine such rate in an amount approximately equal to the
amount of the applicable ABR Loan.

          “ABR” or “Alternate Base Rate” — for any day, a rate per annum (rounded upwards, if
necessary, to the next 1/16 of 1%) equal to the greatest of (i) the Prime Rate, (ii) the Federal
Funds Effective Rate from time to time in effect plus 0.5%, or (iii) the 30-Day Libor Rate on such
day (or if such day is not a Business
Day, the immediately preceding Business Day) plus 1.00%. Any change in the Alternate Base Rate due
to a change in the Prime Rate, the Federal Funds Effective Rate or the 30-Day Libor Rate shall be
effective from and including the

 

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effective date of such change in the Prime Rate, the Federal Funds
Effective Rate or the 30-Day Libor Rate, respectively.

          “ABR Loan” — any Loan for which interest is calculated based on the Alternate Base Rate
plus the Applicable Margin determined from time to time.

          “ABR Option” — the Rate Option in which interest is based upon the Alternate Base Rate plus
the Applicable Margin for the applicable Loan.

          “Administrative Agent” — HSBC Bank as Administrative Agent for the Lenders, and any
successor to HSBC Bank as such Administrative Agent for the Lenders, and any replacements or
successors to HSBC Bank as provided in this Agreement.

          “Affiliate” or “Affiliates” — individually or collectively, any 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, no individual shall
be considered an Affiliate of a Person solely by reason of such individual’s position as an officer
or director of such Person or of an Affiliate of such Person.

          “Agents” — collectively, the Administrative Agent, the Lead Syndication Agent, the
Co-Syndication Agents and the Documentation Agent.

          “Agreement” — as defined in the opening paragraph hereof, as the same may be amended
from time to time in accordance with the terms hereof.

          “Alternative Currency” — with respect to Alternative Currency Sublimits, Alternative
Currency Loans or Alternative Currency Letters of Credit, the following currencies: Euro, Pounds
Sterling, Canadian Dollar and Japanese Yen in each case to the extent freely transferable and
convertible into Dollars.

          “Alternative Currency Facility” — has the meaning specified in Section 2.1(b).

          “Alternative Currency Letter of Credit” — any Letter of Credit denominated in an
Alternative Currency.

          “Alternative Currency Loan” or “Alternative Currency Loans” — individually and
collectively, each Loan by a Lender to Borrower under Section 2.1(b) of this Agreement.

          “Alternative Currency Note” — a promissory note of the Borrower payable to the order
of a Lender, in substantially the form of Exhibit B hereto, evidencing the aggregate indebtedness
of the Borrower to such Lender resulting from the Alternative Currency Loans made by such Lender.

          “Alternative Currency Sublimit” — with respect to any Lender, the amount set forth opposite
such Lender’s name on Schedule 2.1 hereto under the caption “Amount of

 

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Alternative Currency
Sublimit” or, if such Lender has entered into one or more Assignments and Assumptions, as set forth
for such Lender in the records maintained by the Administrative Agent as such Lender’s “Alternative
Currency Sublimit,” as such amount may be reduced at or prior to such time pursuant to the terms of
this Agreement. The Alternative Currency Sublimits of all the Lenders equal the Dollar Equivalent
of $150,000,000 in the aggregate as of the date hereof.

          “Anti-Terrorism Laws” — any Laws relating to terrorism or money laundering, including
Executive Order No. 13224, the USA Patriot Act, the Laws comprising or implementing the Bank
Secrecy Act, and the Laws administered by the United States Treasury Department’s Office of Foreign
Asset Control (as any of the forgoing Laws may from time to time be amended, renewed, extended or
replaced).

          “Applicable Commitment Fee Rate” — (i) initially, until changed in accordance with the
following provisions, the Applicable Commitment Fee Rate shall be 30 basis points; and (ii)
commencing with the fiscal quarter of Borrower ended on April 2, 2011, and continuing with each
fiscal quarter thereafter, the Administrative Agent shall determine the Applicable Commitment Fee
Rate in accordance with the following matrix, based on the Leverage Ratio:

	 	 	 	 	 
	Level	 	Leverage Ratio	 	Commitment Fee
	1

	 	Greater than 3.00 to 1.0
	 	40 bps
	2

	 	> 2.50 to 1.0 but ≤  3.00 to 1.0
	 	35 bps
	3

	 	> 2.00 to 1.0 but ≤ 2.50 to 1.0
	 	30 bps
	4

	 	> 1.50 to 1.0 but ≤ 2.00 to 1.0
	 	25 bps
	5

	 	≤ 1.50 to 1.0
	 	20 bps

Changes in the Applicable Commitment Fee Rate shall become effective three (3) Business Days
immediately following the date of delivery by Borrower to the Administrative Agent of a financial
statement and a Compliance Certificate required to be delivered pursuant to Sections 5.2(a), (b)
and (c) of this Agreement, and shall be based upon the Leverage Ratio in effect at the end of the
financial period covered by such financial statement and Compliance Certificate. Notwithstanding
the foregoing provisions, during any period when the Borrower has failed to deliver such a
financial statement and Compliance Certificate when due, the Applicable Commitment Fee Rate shall
be applied at Level 1 above as of the first Business Day after the date on which such financial
statement and Compliance Certificate were required to be delivered, regardless of the Leverage
Ratio at such time, until the date the required financial statement and Compliance Certificate have
been delivered. Any changes in the Applicable Commitment Fee Rate shall be determined by the
Administrative Agent in accordance with the provisions set forth in this definition and the
Administrative Agent will promptly provide notice of such

 

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 determinations to the Borrower and the
Lenders. Any such determination by the Administrative Agent shall be conclusive absent manifest
error.

          “Applicable Currency” — as to any particular payment or Loan, Dollars or the
Alternative Currency in which it is denominated or is payable.

          “Applicable Lending Office” — with respect to each Lender, such Lender’s Domestic Lending
Office in the case of an ABR Loan and such Lender’s Libor Lending Office in the case of a Libor
Loan.

          “Applicable Margin” — (i) initially, until changed in
accordance with the
following provisions, the Applicable Margin shall be 75 basis points for ABR Loans and 175 basis
points for Libor Loans; (ii) commencing with the fiscal quarter of Borrower ended on April 2, 2011,
and continuing with each fiscal quarter thereafter, the Administrative Agent shall determine the
Applicable Margin in accordance with the following matrix, based on the Leverage Ratio:

	 	 	 	 	 	 	 
	Level	 	Leverage Ratio	 	ABR Option	 	Libor Rate Option
	1

	 	Greater than 3.00 to 1.0
	 	125 bps
	 	225 bps
	2

	 	> 2.50 to 1.0 but ≤ 3.00 to 1.0
	 	100 bps
	 	200 bps
	3

	 	> 2.00 to 1.0 but ≤ 2.50 to 1.0
	 	75 bps
	 	175 bps
	4

	 	> 1.50 to 1.0 but ≤ 2.00 to 1.0
	 	50 bps
	 	150 bps
	5

	 	≤ 1.50 to 1.0
	 	25 bps
	 	125 bps

Changes in the Applicable Margin shall become effective three (3) Business Days immediately
following the date of delivery by Borrower to the Administrative Agent of a financial statement and
a Compliance Certificate required to be delivered pursuant to Sections 5.2(a), (b) and (c) of this
Agreement, and shall be based upon the Leverage Ratio in effect at the end of the financial period
covered by such financial statement and Compliance Certificate. Notwithstanding the foregoing
provisions, during any period when the Borrower has failed to deliver such financial statement and
Compliance Certificate when due, the Applicable Margin shall be applied at Level 1 above as of the
first Business Day after the date on which such financial statement and Compliance Certificate were
required to be delivered, regardless of the Leverage Ratio at such time, until the date the
required financial statement and Compliance Certificate have been delivered. Any changes in the
Applicable Margin shall be determined by the Administrative Agent in accordance with the provisions
set forth in this definition and the Administrative Agent will promptly provide notice of such
determinations to the Borrower and the Lenders. Any such determination by the Administrative Agent
shall be conclusive absent manifest error.

 

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          “Applicable Percentage” — with respect to any Lender, at any time, the percentage of
the Total Commitment represented by such Lender’s Commitment; provided that in the case of Section
2.15 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the
Total Commitment (disregarding any Defaulting Lender’s Commitment) represented by such Lender’s
Commitment. Each Lender’s initial Applicable Percentage based on the Total Commitment as of the
Closing Date is set forth on Schedule 2.1 to this Agreement. If the Commitments have terminated or
expired, the Applicable Percentages shall be determined based upon the Total Commitment most
recently in effect, giving effect to any assignments, and to any Lender’s status as a Defaulting
Lender at the time of determination.

          “Arranger” — HSBC Bank and any successor of HSBC Bank as the Arranger under this
Agreement.

          “Asset Sale” — the sale, lease, transfer or other disposition (including by means of sale
and lease-back transactions, and by means of mergers, consolidations, amalgamations and
liquidations of a corporation, partnership or limited liability company of the interests therein of
Borrower or any Subsidiary) by Borrower or any Subsidiary to any Person of any such Borrower’s or
such Subsidiary’s respective assets, provided that the term Asset Sale specifically excludes (i)
any sales, transfers or other dispositions of inventory, or obsolete, worn-out or excess furniture,
fixtures, equipment or other property, real or personal, tangible or intangible, in each case in
the ordinary course of business; (ii) any actual or constructive total loss of property or the use
thereof, resulting from destruction, damage beyond repair or other rendition of such property as
permanently unfit for normal use from any casualty or similar occurrence whatsoever; (iii) the
destruction or damage of a portion of such property from any casualty or similar occurrence
whatsoever under circumstances in which such damage cannot reasonably be expected to be repaired,
or such property cannot reasonably be expected to be restored to its condition immediately prior to
such destruction or damage, within ninety (90) days after the occurrence of such destruction or
damage or such longer reasonable time period as determined under the Borrower’s plan of restoration
or replacement for such property established within a 90 day period after such occurrence provided
such plan is acceptable to the Administrative Agent in its reasonable judgment; (iv) the
condemnation, confiscation or seizure of, or requisition of title to or use of any property; or (v)
in the case of any unmovable property located upon a leasehold, the termination or expiration of
such leasehold.

          “Assigned Dollar Value” — (i) in respect of any Loan denominated in Dollars, the
amount thereof, (ii) in respect of the undrawn or stated amount of any Alternative Currency Letter
of Credit, the Dollar Equivalent thereof determined as of a Valuation Date with respect to such
Letter of Credit (iii) in respect of Alternative Currency Letter of Credit reimbursement
obligations, the Dollar Equivalent thereof determined as of the Valuation Date with respect to the
payment made by the Issuing Bank giving rise thereto, and (iv) in respect of a Loan denominated in
an Alternative Currency, the Dollar Equivalent thereof as of a Valuation Date with respect to such
Loan.

 

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          “Assignment and Assumption” — an assignment and assumption agreement entered into by a
Lender and an assignee and accepted by the Administrative Agent, substantially in the form of
Exhibit F hereto with all blanks appropriately completed.

          “Available Amount” — (a) with respect to any Letter of Credit issued in Dollars, the stated
or face amount of such Letter of Credit to the extent available at the time for drawing (subject to
presentment of all requisite documents) and (b) with respect to any Alternative Currency Letter of
Credit, the Assigned Dollar Value of the stated or face amount of such Letter of Credit to the
extent
available at the time for drawing (subject to presentment of all requisite documents), in either
case as the same may be increased or decreased from time to time in accordance with the terms of
such Letter of Credit or Alternative Currency Letter of Credit, as the case may be.

          “Availability Period” — the period from the Closing Date to, but excluding, the
earlier of the Revolving Credit Maturity Date and the date of termination of the Commitments.

          “Bankruptcy Event” — 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 the furtherance of, or indicating its consent to,
approval of, acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event
shall not result solely by virtue of any ownership interest, or the acquisition of any ownership
interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further,
that such ownership interest does not result in or provide such Person with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of
attachment on its assets or permit such Person (or such Governmental Authority or instrumentality)
to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.

          “Borrower” — as defined in the opening paragraph to this Agreement.

          “Breakage Fee” — an amount reasonably determined by the applicable Lender at the time
of a prepayment of a Libor Loan to be equal to the sum of the costs, losses, expenses and penalties
incurred by such Lender as a result of such prepayment; any loss to any Lender shall be deemed to
be an amount determined by such Lender to be the excess, if any, of (i) the amount of interest
which would have accrued on the principal amount of such Libor Loan had such event not occurred,
for the period from the date of such event to the last day of the then current Interest Period
therefor, over (ii) the amount of interest which would accrue on such principal amount for such
period at the interest rate which such Lender would bid were it to bid, at the commencement of such
period for deposits of Dollars or the applicable Alternative Currency of a comparable amount and
period from other banks in the London Interbank Market. Any Lender’s calculation of any Breakage
Fee shall be conclusive absent manifest error.

 

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          “Business Day” — (a) for all purposes other than as set forth in clause (b) below, any
day excluding Saturday, Sunday, and any day in which banks in New York, New York are authorized
or required by law or governmental action to close, and (b) with respect to Libor Loans, any
day which is a Business Day described in clause (a) and which is also a day for trading by and
between banks in U.S. dollar deposits in the London Interbank Market.

          “Canadian Dollar” — the lawful currency of Canada.

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

          “Capitalized Lease Obligations” — all obligations under Capital Leases of the Borrower
or any Subsidiary, without duplication, in each case taken at the amount thereof accounted for as
liabilities identified as “capital lease obligations” (or any similar words) on a consolidated
balance sheet of the Borrower and any Subsidiary prepared in accordance with GAAP.

          “Change in Control” — if (i) any Person or group (within the meaning of the Securities
Laws and the rules of the SEC thereunder as in effect on the date hereof), except any Pension Plan
or employee stock ownership plan of Borrower, becomes the owner directly or indirectly of 30% or
more of the aggregate voting power represented by the Equity Interests of Borrower having the power
to vote for the election of directors generally; or (ii) a majority of the members of the Board of
Directors of Borrower are not Continuing Directors.

          “Change in Law” — (a) the adoption of any law, rule, regulation or treaty after the
date of this Agreement, (b) any change in any law, rule, regulation or treaty or in the
interpretation or application thereof by any Governmental Authority after the date of this
Agreement or (c) compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.10(b),
by any lending office of such Lender or by such Lender’s or the Issuing Bank’s holding company, if
any) with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement; provided
however, that notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives
thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision
(or any successor or similar authority) or the United States regulatory authorities, in each case
pursuant to Basel III, shall, in each case, be deemed to be a “Change in Law”, regardless of the
date enacted, adopted or issued.

          “Closing Date” — March 18, 2011.

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

 

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          “Collateral” — any “Collateral” as defined in any Security Document, together with any
other real or personal property collateral covered by any Security Document.

          “Commitment” — with respect to each Lender, the commitment of such Lender to make
Revolving Loans, to acquire participations in Letters of Credit, including Alternative Currency
Letters of Credit, to make or otherwise acquire participations in Alternative Currency Loans and to
acquire participations in Swingline Loans hereunder, expressed as an amount representing the
maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment
may be (i) reduced from time to time pursuant to Section 2.13 of this Agreement and (ii) reduced or
increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.4
of this Agreement. The initial amount of each Lender’s Commitment is set forth on Schedule 2.1 to
this Agreement, or in the Assignment and Assumption pursuant to which such Lender shall have
assumed its Commitment, as applicable.

          “Commitment Fee” — as defined in Section 2.12 of this Agreement.

          “Compliance Certificate” — a certificate executed by a Financial Officer of the
Borrower substantially in the form of Exhibit E hereto with all blanks appropriately completed.

          “Confidential Information Materials” — the collective reference to the Confidential
Information Memorandum dated February, 2011 and any other confidential information material with
respect to Borrower and the Revolving Credit previously distributed to the Lenders.

          “Consolidated” or “Consolidated Basis” — the consolidation of the accounts of
any entity and its Subsidiaries in accordance with GAAP, including principles of consolidation,
consistent with those applied in the preparation of the consolidated audited financial statements
of Borrower delivered to the Lenders.

          “Consolidated Capital Expenditures” — for any period, the aggregate of all
expenditures of Borrower and all Subsidiaries during such period determined on a Consolidated Basis
that may properly be classified as capital expenditures in conformity with GAAP, provided that such
term shall not include any such expenditure in connection with replacement or repair of assets to
the extent that
casualty insurance proceeds or the trade-in value of other equipment were used for such
expenditure.

          “Consolidated EBITDA” — for any period, an amount equal to (i) the sum of the amounts
for such period of (A) Consolidated Net Income, (B) Consolidated Interest Expense, (C) provisions
for taxes based on income, (D) total depreciation expense, (E) total amortization expense, (F)
other non-cash items reducing Consolidated Net Income and (G) non-cash stock related expenses minus
(ii) other non-cash items increasing Consolidated Net Income for such period. Notwithstanding
anything to the contrary in this definition, for purposes of computing the Leverage Ratio and the
Interest Coverage Ratio hereunder, or in connection with any pro-forma calculation required by this
Agreement, the term “Consolidated EBITDA” shall be computed, on a consistent basis, to reflect
purchases and acquisitions by Permitted Acquisition

 

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or otherwise made by Borrower and the
Subsidiaries during the relevant period as if they occurred at the beginning of such period, and
Borrower, during the twelve (12) month period following the date of any such acquisition may
include in the calculation hereof the necessary portion of the adjusted historical results of the
entities acquired in acquisitions that were achieved prior to the applicable date of the
acquisition for such time period as is necessary for Borrower to have figures on a trailing four
fiscal quarter basis from the date of determination with respect to such acquired entities.

          “Consolidated Interest Expense” — for any period, as determined in accordance with
GAAP, total interest expense (including that portion attributable to Capital Leases in accordance
with GAAP and capitalized interest) of Borrower and all Subsidiaries on a Consolidated Basis with
respect to all outstanding Indebtedness of Borrower and all Subsidiaries, including all
commissions, discounts and other fees and charges owed with respect to letters of credit and
bankers’ acceptance financing and net costs under Hedge Agreements entered into by the Borrower or
any Subsidiary, computed (a) on a net basis after reduction for any interest income, and (b)
excluding amortization of discount and amortization of debt issuance costs. Notwithstanding
anything to the contrary in this definition, in connection with any pro-forma calculation required
by Section 7.8(c) of this Agreement (an “Acquisition Pro-Forma Calculation”), the term
“Consolidated Interest Expense” shall be computed, on a consistent basis, to reflect the applicable
purchase or acquisition being made by Borrower or the applicable Subsidiary as if such acquisition
occurred at the beginning of such period, and Borrower shall, for purposes of the Acquisition
Pro-Forma Calculation, include in the calculation hereof the necessary portion of the adjusted
historical results of the entity acquired for such time period as is necessary for Borrower to have
figures on a trailing four fiscal quarter basis from the date of determination with respect to such
acquired entity. For the avoidance of doubt, nothing herein shall require the Borrower to include
in any other calculation of Consolidated Interest Expense any interest paid on any portion of the
pre-acquisition Indebtedness of an acquired entity.

          “Consolidated Net Debt” — as of any date of determination, the sum of (i) all Debt of Borrower and all Subsidiaries,
determined on a Consolidated Basis in accordance with GAAP, including all Indebtedness under
Securitization Transactions, less the aggregate net balances of cash and cash equivalents
of Borrower and all Subsidiaries and (ii) letters of credit outstanding (other than that portion of
letters of credit outstanding representing the aggregate undrawn face amount of letters of credit
which are trade letters of credit issued with respect to the purchase and sale of goods by Borrower
or any Subsidiary).

          “Consolidated Net Income” — for any period, the net income (or loss) of Borrower and
all Subsidiaries on a Consolidated Basis for such period taken as a single accounting period
determined in conformity with GAAP.

          “Consolidated Total Assets” — as at any date of determination, all amounts that would,
in conformity with GAAP, be set forth opposite the caption “total assets” (or a similar caption) on
a Consolidated balance sheet of Borrower and all Subsidiaries at such date.

 

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          “Contingent Obligation” — of a Person means any agreement, undertaking or arrangement
by which such Person assumes, guaranties, endorses, contingently agrees to purchase or provide
funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or
liability of any other Person, or agrees to maintain the net worth or working capital or other
financial condition of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating agreement or take-or-pay
contract. The amount of any Contingent Obligation shall be equal to the amount of the obligation
that is so guarantied or supported that is actually outstanding or otherwise due and payable from
time to time, if a fixed and determinable amount or if there is no fixed or determinable amount,
either (x) if a maximum amount is guaranteed, the maximum amount or (y) if there is no maximum
amount, the amount of the obligation that is so guarantied or supported.

          “Continuing Director” — as of any date of determination, any member of the Board of
Directors of Borrower who (i) was a member of such Board of Directors on the date of this
Agreement; or (ii) was nominated for election or elected to such Board of Directors with the
approval of a majority of the Continuing Directors who were members of such Board of Directors at
the time of such nomination or election.

          “Control”, “Controlling”, “Controlled by”, and “under Common
Control with” — the possession, directly or indirectly, of the power to either (i) vote 20% or
more of the Equity Interests having voting power for the election of directors, or persons
performing similar
functions, of a Person or (ii) direct or cause the direction of the management and policies of
a Person, whether by contract or otherwise; provided however, no Pension Plan or
employee stock ownership plan of Borrower shall be considered to have Control of Borrower or any
Subsidiary.

          “Conversion Date” — the date on which an ABR Loan converts to a Libor Loan, the date
on which a Libor Loan converts to an ABR Loan, or the date on which a Libor Loan is continued as a
new Libor Loan.

          “Credit Party” — the Administrative Agent or any Lender.

          “Current Indentures” — the Subordinated Indenture and Second Subordinated Indenture.

          “Debt” — with respect to any Person, any Indebtedness resulting from the borrowing of
any money or from any deferral of payment of the purchase price for the acquisition or Capital
Lease of any asset.

          “Default” — any of the events specified in Article VIII whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

          “Defaulting Lender” — 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 portion of
its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit

 

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Party
any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such
Lender notifies the Administrative Agent in writing that such failure is the result of such
Lender’s good faith determination that a condition precedent to funding (specifically identified
and including the particular default, if any) has not been satisfied, (b) has notified the Borrower
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 (unless such
writing or public statement indicates that such position is based on such Lender’s good faith
determination that a condition precedent (specifically identified and including the particular
default, if any) to funding a loan under this Agreement cannot be satisfied) 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 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 direct or indirect parent company that has, become the subject of a Bankruptcy Event.

          “Designated Hedge Agreement” — any Hedge Agreement to which Borrower or any of its
Subsidiaries is a party and as to which a Lender or any Affiliate of a Lender is a counterparty, so
that such Lender or Affiliate, to the extent of such Lender’s or Affiliate’s credit exposure under
such Hedge Agreement, will be entitled to share in the benefits of any Guaranty and the Security
Documents to the extent any such Guaranty and Security Documents include obligations under
Designated Hedge Agreements in the obligations secured or guarantied thereby.

          “Directly-Owned Foreign Subsidiary” — any Foreign Subsidiary over which Borrower has direct
Control or a Guarantor has direct Control.

          “Disposal” — the intentional or unintentional abandonment, discharge, deposit,
injection, dumping, spilling, leaking, storing, burning, terminal destruction or placing of any
substance so that it or any of its constituents may enter the Environment.

          “Dollar Equivalent” — on any particular date, (i) with respect to any amount denominated in
Dollars, such amount of Dollars, and (ii) with respect to any amount denominated in an Alternative
Currency, the amount of Dollars which could be purchased by the Administrative Agent with such
amount of such currency in the applicable foreign currency markets at the Spot Rate at or about
11:00 a.m. (Eastern time) on such date.

          “Dollars”, “U.S. Dollars” or “$” — lawful money of the United States
of America.

          “Domestic Lending Office” — with respect to any Lender, the office of such Lender specified
as its “Domestic Lending Office” opposite its name on Schedule 2.1 hereto or

 

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in the Assignment and
Assumption pursuant to which it became a Lender, as the case may be, or such other office of such
Lender as such Lender may from time to time specify to the Borrower and the Administrative Agent.

          “Domestic Subsidiary” — (i) any Subsidiary having any place of business located in the United States of America, other
than Moog Controls Corporation, an Ohio corporation, Moog Controls Corporation, a New York
corporation and AMC Delaware Inc, a Delaware corporation , or (ii) any Subsidiary that is a foreign
sales corporation.

          “Environment” — any water including, but not limited to, surface water and ground
water or water vapor; any land including land surface or subsurface; stream sediments; air; fish;
wildlife; plants; and all other natural resources or environmental media.

          “Environmental Claim” — as defined in Section 4.12(a) of this Agreement.

          “Environmental Laws” — all foreign, federal, state, provincial and local
environmental, land use, zoning, health, chemical use, safety and sanitation laws, statutes,
ordinances, regulations, codes and rules relating to the protection of the Environment and/or
governing the use, storage, treatment, generation, transportation, processing, handling, production
or disposal of Hazardous Substances and the policies, guidelines, procedures, interpretations,
decisions, orders and directives of any Governmental Authority with respect thereto.

          “Environmental Permits” — all licenses, permits, approvals, authorizations, consents
or registrations required by any applicable Environmental Laws and all applicable judicial and
administrative orders in connection with ownership, lease, purchase, transfer, closure, use and/or
operation of Borrower’s property and/or as may be required for the storage, treatment, generation,
transportation, processing, handling, production or disposal of Hazardous Substances.

          “Environmental Questionnaire” — a questionnaire and all attachments thereto
concerning: (i) activities and conditions affecting the Environment at any property of a Person or
(ii) the enforcement or possible enforcement of any Environmental Law against a Person.

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

          “ERISA” — the Employee Retirement Income Security Act of 1974, as amended by the Multiemployer
Pension Plan Amendments Act of 1980, and as otherwise amended from time to time.

          “ERISA Affiliate” — each Subsidiary and any trade or business (whether or not
incorporated) that, together with Borrower, is treated as a single employer under Section 414(b)

 

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or
(c) of the Code or Section 4001(b)(1) of ERISA, or, solely for purposes of Section 302 of ERISA and
Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

          “ERISA Event” — (i) any Reportable Event with respect to a Pension Plan (other than an
event for which the 30-day notice period is waived); (ii) the existence with respect to any Pension
Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302
of ERISA), whether or not waived; (iii) 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 Pension Plan; (iv) the incurrence by Borrower or any of its ERISA Affiliates of any
liability under Title IV of ERISA with respect to the termination of any Pension Plan; (v) the
receipt by Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice
relating to an intention to terminate any Pension Plan or Plans or to appoint a trustee to
administer any Pension Plan; (vi) the incurrence by Borrower or any of its ERISA Affiliates of any
liability with respect to the withdrawal or partial withdrawal from any Pension Plan or
Multiemployer Plan; or (vii) the receipt by Borrower or any ERISA Affiliate of any notice, or the
receipt by any Multiemployer Plan from Borrower or any ERISA Affiliate of any notice, concerning
the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is
expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

          “Euro” and “EUR” — the lawful currency of the Participating Member States of
the European Monetary Union.

          “Event of Default” — as defined in Section 8.1 of this Agreement.

          “Excluded Taxes” — with respect to the Administrative Agent, any Lender or any other
Recipient, (a) Taxes imposed on or measured by net income and franchise Taxes (however determined)
in each case imposed by the United State of America, or by the jurisdiction (or any political
subdivision thereof) under the laws of which such recipient is organized or in which its principal
office or management is located (or with which it has a present or former connection) 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, (c) any backup withholding Taxes imposed by the United States of America or any
similar Taxes imposed by any other jurisdiction, (d) in the case of a Foreign Lender (other than an
assignee pursuant to a request by the Borrower under Section 2.18), any withholding Tax that is
imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party
to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s
failure to comply with Section 10.18, except to the extent that such Foreign Lender (or, in the
case of an assignment, its assignor, if any) was entitled, at the time of designation of a new
lending office (or assignment) to receive additional amounts from the Borrower with respect to such
withholding Tax pursuant to Section 2.11 and (e) any Taxes imposed or for which any Person is
liable under or with respect to FATCA.

 

-15-

          “Executive Order No. 13224” — the Executive Order No. 13224 on Terrorist Financing,
effective September 24, 2001, as the same has been, or shall hereafter be, amended, renewed,
extended or replaced.

          “Existing Letters of Credit” — any Letter of Credit issued by HSBC Bank under the 2006
Agreement and which is outstanding on the Closing Date, as further described on Schedule 2.4.

          “FATCA” — Sections 1471 through 1474 of the Code and any regulations (whether
temporary or proposed) that are issued thereunder or official governmental interpretations thereof.

          “Federal Funds Effective Rate” — for any day, the rate per annum (based on a year of
365 days and actual days elapsed and rounded upward to the nearest 1/100th of 1%) announced by the
Federal Reserve Bank of New York (or any successor) on such day as being the weighted average of
the rates on overnight federal funds transactions arranged by federal funds brokers on the previous
trading day, as computed and announced by such Federal Reserve Bank (or any successor) in
substantially the same manner as such Federal Reserve Bank computes and announces the weighted
average it refers to as the “Federal Funds Effective Rate” as of the date of this Agreement;
provided, if such Federal Reserve Bank (or its successor) does not announce such rate on
any day, the “Federal Funds Effective Rate” for such day shall be the Federal Funds Effective Rate
for the last day on which such rate was announced.

          “Fee Letter” — the letter dated February 9, 2011 between the Borrower and the
Administrative Agent providing for the payment by the Borrower of certain arrangement and annual
agency fees for the sole account of the Administrative Agent.

          “Financial Officer” — any of the chief financial officer, chief executive officer,
treasurer, assistant treasurer, or president of the Borrower.

          “Foreign Lender” — any Lender that is organized under the laws of a jurisdiction other
than the United States of America or any state thereof or the District of Columbia.

          “Foreign Subsidiary” — (i) any Subsidiary not having any place of business located in
the United States of America other than any Subsidiary that is a foreign sales corporation, (ii)
Moog Controls Corporation, an Ohio corporation, and (iii) AMC Delaware Inc, a Delaware corporation.

          “GAAP” — as of the date of any determination, generally accepted accounting principles
in the United States of America as promulgated by the Financial Accounting Standards Board and/or
the American Institute of Certified Public Accountants or any successor entity or entities thereto,
and which are effective as of such date of determination, consistently applied and maintained
throughout the relevant periods and from period to period.

 

-16-

          “Governmental Authority” — any nation or government 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.

          “Guarantor” or “Guarantors” — individually or collectively, Curlin Medical
Inc., a Delaware corporation, Flo-Tork, Inc., a Delaware corporation, Moog Europe Holdings I LLC,
a New York limited liability company, Moog Europe Holdings II LLC, a New York limited liability
company, ZEVEX, Inc., a Delaware corporation, QuickSet International, Inc., an Illinois
corporation, CSA Engineering, Inc., a California corporation, Videolarm, Inc., a Georgia
corporation, Advanced Integrated Systems Ltd, a Nevada limited liability company, Ethox
International, Inc., a New York corporation, Mid-America Aviation, Inc., a North Dakota
corporation, MMC Sterilization Services Group, Inc., a Pennsylvania corporation, Moog Techtron
Corp, a Florida corporation, X.O. Tec Corporation, a Delaware corporation, and any other Subsidiary
of Borrower which is required to deliver to the Administrative Agent a Guaranty hereunder.

          “Guaranty” — a guaranty agreement in form and content reasonably satisfactory to the
Administrative Agent and the Lenders evidencing the obligation of a Person to guarantee payment of
any Indebtedness and any other reimbursement, payment or performance obligations of another Person
which arise under this Agreement or any other Loan Document.

          “Hazardous Substances” — without limitation, any explosives, radon, radioactive
materials, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, petroleum and
petroleum products, methane, hazardous materials, hazardous wastes, hazardous or toxic substances
and any other material defined as a hazardous substance in Section 101(14) of the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. Section 9601(14).

          “Hedge Agreement” — an interest rate swap, cap or collar agreement, or any arrangement
similar to any of the foregoing between Borrower and any Lender or Affiliate of a Lender relating
to any Indebtedness under this Agreement, each as providing for the transfer or mitigation of
interest rate risk either generally or under specific contingencies, or any foreign currency
exchange agreement or similar arrangement between Borrower or any of its Subsidiaries and any
Lender or Affiliate of a Lender, each as providing for the transfer or mitigation of foreign
currency risk either generally or under specific contingencies.

          “HSBC Bank” — HSBC Bank USA, National Association, and its successors and assigns.

          “Indebtedness” — at a particular date, without duplication, (i) all indebtedness of a
Person for borrowed money whether or not evidenced by a note, bond, debenture or other debt
instrument, or for the deferred purchase price of property (excluding trade accounts payable in the
ordinary course of business), whether short term or long term, (ii) any indebtedness secured by a
lien on a Person’s assets whether or not such Person is primarily liable for repayment

 

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thereof,
(iii) the face amount of all letters of credit issued for the account of such Person and, without
duplication, all drafts drawn thereunder and not repaid by such Person, (iv) Capitalized Lease
Obligations; (v) all mandatory redemption, repurchase or similar obligations with respect to any
Equity Interests of such Person, (vi) Contingent Obligations with respect to any of the foregoing
to the extent (and only to the extent) that (A) any such Contingent Obligation relates to other
Indebtedness that is not Consolidated Indebtedness of the Borrower and any Subsidiary and (B) the
other Indebtedness to which such Contingent Obligation relates is outstanding and then only as to
principal or like amounts actually borrowed, due, payable or drawn, as the case may be; and
provided, that any guaranty given by the Borrower or a Subsidiary of Borrower of indebtedness owing
by a Subsidiary of Borrower to another Subsidiary of Borrower shall not constitute Indebtedness,
provided that the only parties to such guaranty are the Borrower, such Subsidiary and other
Subsidiaries of Borrower, and (vii) all obligations of the Borrower or any Subsidiary under Hedge
Agreements.

          “Indemnified
Party” — as defined in Section 9.2 of this Agreement.

          “Indemnified Taxes” — Taxes imposed on or with respect to any payment made by Borrower
under this Agreement, other than Excluded Taxes and Other Taxes.

          “Interest Coverage Ratio” — as of any date of determination, the ratio as of the last
day of any fiscal quarter of Borrower ending on the date of determination, of (i) Consolidated
EBITDA for the four consecutive fiscal quarters then ended to (ii) Consolidated Interest Expense
for such period.

          “Interest Period” or “Interest Periods” — individually, and collectively, with
respect to a Libor Loan, the one, two, three or six month interest periods selected by the Borrower
pursuant to the terms of this Agreement to be applicable to specific Libor Loans from time to time
or any such other periods of such other durations as the Borrower and all Lenders may agree shall
be applicable to specific Libor Loans from time to time; provided, however, that
(i) no Interest Period may be selected that would end after the Revolving Credit Maturity Date;
(ii) if any Interest Period begins on a day for which there is no numerically corresponding day in
the calendar month at the end of such Interest Period, such Interest Period shall end on the last
Business Day of such calendar month; (iii) if any Interest Period would otherwise expire on a day
that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day,
and (iv) if any Interest Period would otherwise expire on a day that is not a Business Day but is a
day of the month after which no further Business Day occurs in such month, such Interest Period
shall expire on the next preceding Business Day.

          “Investment” — with respect to any Person, any loan, advance or other extension of
credit (other than unsecured normal trade credit extended upon customary terms in the ordinary
course of such Person’s business) or capital contribution to, any purchase or other acquisition of
any security of or interest in, or any other investment in, any other Person.

 

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          “Issuing Bank” — HSBC Bank in its capacity as issuer of Letters of Credit under this
Agreement, and any replacements or successors of such bank in such capacity as provided in Section
2.4(j) of this Agreement.

          “Japanese Yen” — the lawful currency of Japan.

          “Law” or “Laws” — any law, constitution, statute, regulation, rule, opinion, ruling,
ordinance, order, injunction, writ, decree, bond or judgment of any Governmental Authority.

          “LC Disbursement” — a payment made by the Issuing Bank pursuant to a Letter of Credit.

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

          “Lenders” — the Persons listed on Schedule 2.1 to this Agreement and any other Person
that shall have become a party hereto pursuant to an Assignment and Assumption, 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.

          “Lenders’ Obligations” — as defined in Section 8.2 of this Agreement.

          “Letter of Credit” — any letter of credit issued pursuant to this Agreement whether
issued as a U.S. Letter of Credit denominated in Dollars or in Alternative Currency, including,
without limitation, the Existing Letters of Credit.

          “Letter of Credit Commitment” — the commitment of the Issuing Bank to issue Letters of
Credit under this Agreement, or, if the Issuing Bank has entered into one or more Assignments and
Assumptions, set forth for the Issuing Bank in the register maintained by the Administrative Agent
as the Issuing Bank’s “Letter of Credit Commitment,” as such amount may be reduced at or prior to
such time pursuant to Section 2.13. The amount of the Letter of Credit Commitment on the Closing
Date is $75,000,000.

          “Letter of Credit Facility” — at any time, an amount equal to the amount of the
Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior
to such time pursuant to Section 2.13 less the aggregate Available Amount under all Letters of
Credit including Existing Letters of Credit outstanding at such time.

          “Leverage Ratio” — as of any date of determination, the ratio of (i) Consolidated Net
Debt of Borrower as of the last day of the fiscal quarter of Borrower ending on the date of
determination, to (ii) Consolidated EBITDA for the four consecutive fiscal quarters then ended.

 

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          “Libor Interest Determination Date” — a Business Day that is two (2) Business Days prior to
the commencement of each Interest Period during which the Libor Rate will be applicable.

          “Libor Lending Office” — with respect to any Lender, the office of such Lender
specified as its “Libor Lending Office” opposite its name on Schedule 2.1 hereto or in the
Assignment and Assumption pursuant to which it became a Lender (or, if no such office is specified,
its Domestic Lending Office), or such other office of such Lender as such Lender may from time to
time specify to the Borrower and the Administrative Agent.

          “Libor Loan” — any Loan on which interest is calculated based on the Libor Rate plus
the Applicable Margin.

          “Libor Rate” — for any Libor Loan for any Interest Period therefor, either (a) the
rate of interest per annum determined by the Administrative Agent (rounded upward to the nearest
1/100 of 1%) appearing on, in the case of Dollars, Reuters Screen Page LIBOR01 (or any successor
page) and, in the case of an Alternative Currency, the appropriate page of the Reuters screen which
displays British Bankers Association Interest Settlement Rates for deposits in such Alternative
Currency (or, in each case, (i) such other page or service as may replace such page on such system
or service for the purpose of displaying such rates and (ii) if more than one rate appears on such
screen, the arithmetic mean for all such rates rounded upward to the nearest 1/100 of 1%) as the
London interbank offered rate for deposits in the Applicable Currency at approximately 11:00 a.m.
(London time), on a Libor Interest Determination Date, and in an amount approximately equal to the
amount of the Libor Loan and for a period approximately equal to such interest Period or (b) if
such rate is for any reason not available, the rate per annum equal to the rate at which the
Administrative Agent or its designee is offered deposits in such currency at or about 11:00 a.m.
(London time) on a Libor Interest Determination Date, in the interbank market where the eurodollar
and Alternative Currency and exchange operations in respect of its Libor Loans are then being
conducted for settlement in immediately available funds, for delivery on the first day of such
Interest Period for the number of days comprised therein, and in an amount comparable to the amount
of the Libor Loan to be outstanding during such Interest Period, and in each case, adjusted for
applicable reserves, if any.

          “Libor Rate Option” — the Rate Option in which interest is based on the Libor Rate
plus the Applicable Margin for the applicable Loan.

          “Lien” — any mortgage, deed of trust, pledge, hypothecation, assignment, security
interest, lien, charge or encumbrance, or preference, priority or other security agreement or
preferential arrangement in respect of any asset of any kind or nature whatsoever (including,
without limitation, any conditional sale or other title retention agreement or any financing lease
having substantially the same economic effect as any of the foregoing).

          “Loan” or “Loans” — individually and collectively, any Revolving Loan, whether
such is an ABR Loan or a Libor Loan, any Alternative Currency Loan, and any Swingline Loan under
the Revolving Credit.

 

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          “Loan Account” — an account or accounts maintained with the Administrative Agent for
the Borrower into which the proceeds of a Revolving Loan denominated in Dollars shall be initially
deposited pursuant to Sections 2.1(c) and 2.5 of this Agreement.

          “Loan Document” — this Agreement and any other loan, guaranty, letter of credit or
Collateral document (other than the Fee Letter) executed and delivered by Borrower, any Guarantor,
or any Subsidiary or the Lenders in connection with this Agreement including, without limitation,
the Notes, any Guaranty, any Letter of Credit or any document in connection therewith, and the
Security Documents, as any of the same may be amended, modified, renewed or replaced from time to
time.

          “Material Adverse Effect” — an effect, individually or in the aggregate, that (i) is
materially adverse to the business, assets, financial condition or results of operations of
Borrower and its Subsidiaries, taken as a whole, or (ii) does materially impair the ability of the
Borrower to perform their obligations under this Agreement, or any other Loan Documents, or (iii)
materially impairs the rights and remedies of the Administrative Agent, the Swingline Lender, the
Issuing Bank or any of the Lenders or other Secured Facility Parties under the Loan Documents.

          “Material Indebtedness” — Indebtedness owing to a Person or Persons in a single transaction or related transactions
(other than the Loans and Letters of Credit), or obligations in respect of one or more Hedge
Agreements entered into with a Person, of the Borrower and any Subsidiary in an aggregate principal
amount exceeding $25,000,000. 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 Hedge Agreement were terminated at such time.

          “Maximum Limit” — the maximum aggregate amount which the Borrower can borrow under the
Revolving Credit which is $900,000,000, as of the Closing Date.

          “Mortgages” — those existing mortgages referenced in the Background section of this
Agreement, originally granted pursuant to the 1998 Agreement or 2003 Agreement.

          “Multiemployer Plan” — a multiemployer plan as defined in Section 4001(a)(3) of ERISA
to which the Borrower, any Person under Common Control with the Borrower, or any Person Controlled
by the Borrower, has an obligation to contribute.

          “Multiple Employer Plan” — a Pension Plan subject to Title IV of ERISA and described
in Section 4063 of ERISA with respect to which the Borrower or any ERISA Affiliate could have
liability under Section 4064 or 4069 of ERISA in the event such Pension Plan has been or were to be
terminated.

          “Net Proceeds” — the gross amount received less tax reserves established to cover
estimated taxes on Asset Sales that are otherwise permitted under Section 7.8(b), payments made on
debt secured by Permitted Encumbrances in Asset Sales that are otherwise permitted under

 

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Section
7.8(b) where payment of such debt is a condition to such disposition, commissions, fees
(including, without limitation the fees and expenses of attorneys, accountants, investment
bankers, appraisers and consultants), other closing costs (including, without limitation, costs of
title insurance, surveys, recording fees and filing fees and transfer taxes), underwriters’
discounts and similar expenses.

          “Non-Material Subsidiary” — any Subsidiary that has, as of the date of determination,
total assets equal to less than 5% of Consolidated Total Assets, based on the quarterly financial
statements of Borrower most recently delivered to the Lenders.

          “Note” or “Notes” — individually, any, and collectively, all, of the Revolving Notes,
Alternative Currency Notes and the Swingline Note and any or all replacements and renewals thereof.

          “Operating Lease” — as applied to any Person, any lease of any property, whether real,
personal or mixed, by that Person as lessee that, in conformity with GAAP, is not accounted for as
a Capital Lease on the balance sheet of that Person.

          “Other Taxes” — any and all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or from
the execution, delivery or enforcement of this Agreement, except for any Excluded Taxes.

          “Overdue Amounts” — as defined in Section 2.6(c) of this Agreement.

          “Parent” — with respect to any Lender, any Person as to which such Lender is, directly
or indirectly, a subsidiary.

          “Participants” — as defined in Section 11.4(b) of this Agreement.

          “Participating Member State” — a member of the European Communities that adopts or has
adopted the Euro as its currency in accordance with the legislative measures of the European
Council (including, without limitation, the European Council regulations) for the introduction of,
changeover to, or operation of the Euro in one or more member states.

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

          “Pension Plan” — any pension plan as defined in Section 3(2) of ERISA which is a
single employer plan as defined in Section 4001 of ERISA and subject to Title IV of ERISA and which
is (i) a plan maintained by Borrower or any ERISA Affiliate for employees or former employees of
Borrower or of any ERISA Affiliate, (ii) a plan to which Borrower or any ERISA Affiliate
contributes or is required to contribute, (iii) a plan to which Borrower or any ERISA Affiliate was
required to make contributions within the five (5) year period preceding the date of this
Agreement, or (iv) any other plan with respect to which Borrower or any ERISA Affiliate

 

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has
incurred or may incur liability, including contingent liability, under Title IV of ERISA, to such
plan or to the PBGC. Each such Pension Plan to which Borrower is or may be obligated to
contribute as of the date of this Agreement is listed and identified on Schedule 1.2 to this
Agreement.

          “Permitted Acquisitions” — as set forth in Section 7.8 of this Agreement.

          “Permitted Dispositions” — as defined in Section 7.8 of this Agreement.

          “Permitted Distributions” — as defined in Section 7.4 of this Agreement.

          “Permitted Encumbrances” — as defined in Section 7.2 of this Agreement.

          “Permitted Indebtedness” — as defined in Section 7.1 of this Agreement.

          “Permitted Investment Foreign Jurisdiction” — with respect to a Foreign Subsidiary,
the foreign country in which the principal place of business of such Foreign Subsidiary is located,
and any of the United States of America, United Kingdom, Switzerland and any country in the
European Union using the Euro as its currency in which any other Foreign Subsidiary is located or
any other jurisdiction to which the Administrative Agent consents in writing.

          “Permitted Investments” — as defined in Section 7.3 of this Agreement.

          “Person” — any natural person, corporation, limited liability company, partnership,
joint venture, trust, unincorporated association, Governmental Authority or other entity, body,
organization or group.

          “Pounds Sterling” or “£” — the lawful currency of the United Kingdom.

          “Prime Rate” — the rate of interest publicly announced by HSBC Bank from time to time as its prime rate
and as a base rate for calculating interest on certain loans. Each change in the Prime Rate shall
be effective from and including the date such change is publicly announced as being effective. The
Prime Rate may or may not be the most favorable rate charged by HSBC Bank to its customers.

          “Rate Option” or “Rate Options” — individually, and collectively, the choice
of applicable interest rates and Interest Periods offered pursuant to this Agreement to establish
the interest to be charged on certain portions of the unpaid principal borrowed hereunder from time
to time.

          “Receivables Assets” — accounts receivable (including any bills of exchange) and
related assets and property from time to time originated, acquired or otherwise owned by the
Borrower or any Subsidiary.

 

-23-

          “Recipient” — as applicable, (a) the Administrative Agent, (b) any Lender, (c) the
Issuing Bank, and (d) any other recipient of any payment made or to be made by or on account of any
obligation of the Borrower hereunder.

          “Release” — has the same meaning as given to that term in Section 101(22) of the
Comprehensive, Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. Section
9601, et. seq. and the regulations promulgated thereunder.

          “Replaced Lender” or “Replacement Lender” — as defined in Section 2.18 of this
Agreement.

          “Reportable Event” — any event with regard to a Pension Plan described in Section
4043(c) of ERISA, or in regulations issued thereunder.

          “Request Certificate” — a certificate substantially in the form of Exhibit D hereto
with all blanks appropriately completed, and duly executed by Borrower.

          “Required
Lenders” — at any time, Lenders that together hold Revolving Credit
Exposures and Unused Commitments representing more than 50% of the sum of the total Revolving
Credit Exposures and Unused Commitments at such time; provided, however, if any
Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of
Required
Lenders at such time (i) the aggregate principal amount of Loans owing to such Lender (in its
capacity as a Lender) and outstanding at such time, and (ii) the aggregate Commitment of such
Lender at such time. For purposes of this definition, the aggregate principal amount of Swingline
Loans owing to the Swingline Lender, the LC Disbursements owing to the Issuing Bank and the amount
available to be drawn under each U.S. Letter of Credit and each Alternative Currency Letter of
Credit shall be considered to be owed to the Lenders ratably in accordance with their respective
Commitments.

          “Responsible Officer” — with respect to a Person, its chief executive officer, its
chief financial officer, any member of the office of the chief financial officer, treasurer or
assistant treasurer. Any Financial Officer shall be a Responsible Officer.

          “Restricted Payment” — any dividend or other distribution (whether in cash, securities
or other property) with respect to any Equity Interests in Borrower or any Subsidiary, or any
payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, defeasance, retirement, acquisition, cancellation
or termination of any such Equity Interests in the Borrower or any option, warrant or other right
to acquire any such Equity Interests in the Borrower.

          “Revolving Credit” — the five-year revolving credit facility (including Revolving
Loans, Alternative Currency Loans, Swingline Loans and Letters of Credit) made available to the
Borrower by the Lenders as provided in Article II of this Agreement.

 

-24-

          “Revolving Credit Exposure” — with respect to any Lender at any time, the sum of the
outstanding principal amount of such Lender’s Revolving Loans and Alternative Currency Loans, LC
Exposure and Swingline Exposure at such time.

          “Revolving Credit Maturity Date” — March 18, 2016, which date may be shortened in
accordance with Section 8.2 of this Agreement.

          “Revolving Loan” or “Revolving Loans” — individually and collectively, each
Loan by any Lender to Borrower whether initially made as an ABR Loan or a Libor Loan under Section
2.1 of this Agreement or arising from Borrower’s request for a Loan to repay a Swingline Loan under
Section 2.3(c) of this
Agreement, or arising from Automatically Converted Loans under Section 2.1(d) of this
Agreement, or arising from Borrower’s request to reimburse an LC Disbursement under Section 2.4(f)
of this Agreement.

          “Revolving Note” or “Revolving Notes” — the promissory note or promissory
notes of the Borrower substantially in the form of Exhibit A hereto with all blanks appropriately
completed, and all replacements and renewals thereof, evidencing the promise of the Borrower to
repay Revolving Loans under the Revolving Credit to the applicable Lender.

          “SEC” — the U.S. Securities and Exchange Commission, any successor thereto and any
analogous Governmental Authority.

          “Second Subordinated Indenture” — the indenture dated as of June 2, 2008 between
Borrower and Wells Fargo Bank, National Association, as Trustee, pursuant to which Borrower issued
additional 7.25% Senior Subordinated Notes due 2018 in an aggregate principal amount of
approximately $200,000,000, as the same may, in accordance with the terms of this Agreement, from
time to time be amended, supplemented, restated or otherwise modified or replaced.

          “Secured Facility Parties” — the holders of the Secured Obligations from time to time,
including (i) each Lender and the Issuing Bank in respect of its Loans and LC Exposure
respectively, (ii) the Administrative Agent, the Issuing Bank and the Lenders in respect of all
other present and future obligations and liabilities of the Borrower and each Subsidiary of every
type and description arising under or in connection with this Agreement or any other Loan Document,
(iii) each Lender and Affiliates of the Lenders in respect of obligations under Designated Hedge
Agreements and in respect of Secured Other Facilities Obligations owed to such Person by the
Borrower or any Subsidiary, (iv) each Indemnified Party under Section 9.2 in respect of the
indemnification obligations and liabilities of the Borrower to such Person under such Section 9.2,
and (v) their respective successors and (in the case of a Lender, its permitted) transferees and
assigns.

          “Secured Obligations” — all Indebtedness of the Borrower under this Agreement together
with all (a) Secured Other Facilities Obligations and (b) Indebtedness of Borrower and any
Subsidiary under Designated Hedge Agreements.

 

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          “Secured Other Facilities” — each and any of the following provided to Borrower, any
Guarantor or any other Subsidiary of Borrower by any Lender or any of its Affiliates: (a) the
following bank services (collectively, the “Bank Services”): (i) credit cards for commercial
customers (including, without limitation, commercial credit cards and purchasing cards), (ii)
stored value cards, and (iii) treasury management services (including, without limitation,
controlled disbursement, automated clearinghouse transactions, return items,
overdrafts and interstate depository network services), and (b) any Indebtedness owing by any
Subsidiary of Borrower, and guaranteed by Borrower, provided, that no such Indebtedness
under (b) hereof shall constitute a portion of the Secured Other Facilities unless the
Administrative Agent has received written notice thereof, together with such supporting
documentation as the Administrative Agent may request, and such Indebtedness shall cease to
constitute a portion of the Secured Other Facilities if the Administrative Agent receives written
notice to such effect, in each case such notice to be provided by the Borrower and the applicable
Lender or Affiliate.

          “Secured Other Facilities Obligations” — any and all obligations of the Borrower, any
Guarantor or any other Subsidiary of Borrower, whether absolute or contingent and howsoever and
whensoever created, arising, evidenced or acquired (including all renewals, extensions and
modifications thereof and substitutions therefor) in connection with Secured Other Facilities.

          “Securities Laws” — the Securities Act of 1933, as amended, the Securities Exchange
Act of 1934, as amended, the Sarbanes Oxley Act of 2002 and the applicable accounting and auditing
principles, rules, standards and practices promulgated, approved or incorporated by the Securities
and Exchange Commission or the Public Company Accounting Oversight Board.

          “Securitization Subsidiary” — a Subsidiary that is established for the limited purpose
of acquiring and financing Receivables Assets and interests therein of the Borrower or any
Subsidiary and engaging in activities ancillary thereto.

          “Securitization Transaction” — any transaction or series of transactions pursuant to
which a Securitization Subsidiary purchases Receivable Assets or interests therein from the
Borrower or any Subsidiary of the Borrower and finances such Receivables Assets or interests
therein through the issuance of Indebtedness or equity interests or through the sale of such
Receivables Assets or interests therein; provided that (a) the board of directors of the Borrower
shall have approved such transaction, (b) no portion of the Indebtedness of a Securitization
Subsidiary is guaranteed by or is recourse to the Borrower or any Subsidiary (other than recourse
for customary representations, warranties, covenants and indemnities, none of which shall cover the
collectibility of such Receivables Assets), and (c) neither the Borrower nor any other Subsidiary
has any obligation to maintain or preserve such Securitization Subsidiary’s financial condition.

          “Security Documents” — any security agreement, any UCC financing statement, any
mortgage or deed of trust, any assignment of leases and rents, any negative pledge

 

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agreement and
any amendment thereof or any other document pursuant to which any Lien is granted or perfected by
Borrower or any Guarantor to the Administrative Agent on behalf of itself and the other Secured
Facility Parties as security for any of the Secured Obligations.

          “Spot Rate” — the spot rate of exchange that appears on the Reuters World Currency
Page applicable to such currency (or such other page that may replace such page on such service for
the purpose of displaying the spot rate of exchange) for the purchase of such currency with another
currency at approximately 10:00 a.m. on the date two Business Days prior to the date as of which
the foreign exchange computation is made; provided that if there shall at any time
no longer exist such a page on such service, the Spot Rate shall be determined by reference to
another similar rate publishing service reasonably selected by the Administrative Agent.

          “Subordinated Indebtedness” — at a particular date, without duplication, any
Indebtedness for which the Borrower or any Subsidiary is directly and primarily liable that is
expressly subordinated in right of payment to the payment of all Indebtedness of the Borrower
incurred under and in compliance with the terms of the Credit Agreement and the Loan Documents on a
basis substantially equivalent to the subordination under the Current Indentures (as defined in
section 7.1(g) hereof).

          “Subordinated Indenture” — the Indenture dated as of January 10, 2005 between Borrower and
JPMorgan Chase Bank, N.A. as trustee (“Trustee”) as supplemented by that First Supplemental
Indenture dated as of September 12, 2005 between Borrower and the Trustee as the same may, in
accordance with the terms of this Agreement, from time to time be amended, supplemented, restated
or otherwise modified or replaced, pursuant to which Borrower issued 6-1/4% Senior Subordinated
Notes due 2015 in an aggregate principal amount of approximately $200,000,000.

          “Subsidiary” — any limited liability company, partnership, association or other entity
the accounts of which would be consolidated with those of Borrower in Borrower’s consolidated
financial statements if such financial statements were prepared in accordance with GAAP as of such
date, as well as any corporation of which at least 50% of the voting stock is owned by any entity
directly, or indirectly through one or more Subsidiaries.

          “Swingline Exposure” — at any time for all Lenders, 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” — HSBC Bank, in its capacity as lender of Swingline Loans
hereunder, and any successor to HSBC Bank, and the replacements or successors to HSBC Bank in such
capacity, as provided in this Agreement.

          “Swingline Loan” — a Loan made in U.S. Dollars pursuant to Section 2.3 of this
Agreement.

 

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          “Swingline Note” — a promissory note of Borrower substantially in the form of Exhibit
C hereto with all blanks appropriately completed, and all replacements and renewals thereof
evidencing the promise of the Borrower to repay Swingline Loans to the Swingline Lender.

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

          “Total Commitment” — the aggregate amount of the Commitments of the Lenders, as such
Commitments may be increased or decreased pursuant to the terms of this Agreement. The amount of
the Total Commitment is $900,000,000 on the Closing Date.

          “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 Libor Rate or the Alternate Base Rate.

          “Unused Alternative Currency Sublimit” — as to any Lender at any time, an amount in Dollars
equal to (i) such Lender’s Alternative Currency Sublimit minus (ii) the sum of (x) the aggregate
Assigned Dollar Value of all Alternative Currency Loans made by such Lender (in its capacity as a
Lender) and outstanding at such time, plus (y) such Lender’s Applicable Percentage of the aggregate
Available Amount of all Alternative Currency Letters of Credit outstanding at such time.

          “Unused Commitment” — with respect to any Lender at any time, (i) such Lender’s Commitment
at such time minus (ii) the sum of (x) the aggregate principal amount of all Revolving Loans and
the Assigned Dollar Value of all Alternative Currency Loans, in each instance made by such Lender
(in its capacity as a Lender) and outstanding at such time, plus (y) such Lender’s
Applicable Percentage of (1) the aggregate Available Amount of all Letters of Credit, including,
without limitation, Existing Letters of Credit, outstanding at such time, (2) the aggregate
principal amount of all LC Disbursements made by the Issuing Bank and outstanding at such time, and
(3) the aggregate principal amount of all Swingline Loans made by the Swingline Lender and
outstanding at such time.

          “USA Patriot Act” — the Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has
been, or shall hereafter be, renewed, extended, amended or replaced.

          “U.S. Letter of Credit” — a Letter of Credit denominated in Dollars.

          “U.S. Person” — a “United States person” within the meaning of Section 7701(a)(30) of
the Code.

          “Valuation Date” — (a) with respect to any Loan, each of the following: (i) each date
of a borrowing of a Libor Loan denominated in an Alternative Currency, (ii) each date of a

 

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continuation of a Libor Loan denominated in an Alternative Currency, and (iii) such additional
dates as the Administrative Agent shall reasonably determine or the Required Lenders shall
reasonably require; and (b) with respect to any Letter of Credit, each of the following: (i) each
date of issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an
amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely
with respect to the increased amount), (iii) each date of any payment by the Issuing Bank under any
Letter of Credit denominated in an Alternative Currency, and (iv) such additional dates as the
Administrative Agent or the Issuing Bank shall reasonably determine or the Required Lenders shall
reasonably require.

          “Withdrawal Liability” — 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.

          1.2 Accounting Terms.

               (a) Generally. All accounting terms not specifically or completely defined herein
shall be construed in conformity with, and all financial data (including financial ratios and
other financial calculations) required to be submitted pursuant to this Agreement shall be
prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time,
applied in a manner consistent with that used in preparing
Borrower’s audited
financial statements previously provided to the Administrative Agent and the Lenders, except
as otherwise specifically prescribed herein.

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

          1.3 Exchange Rates; Currency Equivalents. (a) As of each Valuation Date, the
Administrative Agent or the Issuing Bank, as applicable, shall determine the exchange rates to be
used for calculating the Dollar Equivalent of amounts denominated in Alternative Currencies by
reference to the Spot Rate. Such exchange rate becomes effective as of such Valuation Date and
shall be the rate employed in converting any amounts between Applicable Currencies until the next
Valuation Date to occur. Except for purposes of financial statements delivered by the Borrower
hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the
applicable amount of any currency (other than Dollars) for

 

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purposes of the Loan Documents shall be
such Dollar Equivalent amount as so determined by the Administrative Agent or the Issuing Bank, as
applicable.

               (b) Wherever in this Agreement in connection with an advance, conversion, continuation or
prepayment of a Libor Loan or Letter of Credit, an amount, such as a required minimum or multiple
amount, is expressed in Dollars, but such Libor Loan or Letter of Credit is denominated in an
Alternative Currency, such amount shall be the relevant equivalent amount thereof in the Applicable
Currency of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5
of a unit being rounded upward), as determined by the Administrative Agent or Issuing Bank, as
applicable, in accordance with Section 1.3(a) above.

          1.4 European Economic and Monetary Union Provisions. The following shall be effective at
and from the commencement of the third stage of the European Monetary Union (“EMU”) by the United
Kingdom:

               (a) Redenomination and Alternative Currencies. Each obligation under this Agreement which
has been denominated in Pounds Sterling shall be redenominated into the Euro in accordance with EMU
legislation, provided, that if and to the
extent that any EMU legislation provides that following the commencement of the third stage of EMU
by the United Kingdom an account denominated either in the Euro or in Pounds Sterling and payable
within the United Kingdom by crediting an account of the creditor can be paid by the debtor either
in Euro or in Pounds Sterling, each party to this Agreement shall be entitled to pay or repay any
such amount either in the Euro or in Pounds Sterling. Any Alternative Currency Loan that would
otherwise be denominated in Pounds Sterling shall be made in the Euro and except as provided in the
foregoing sentence, any amount payable by the Administrative Agent to the Lenders under this
Agreement shall be paid in Euro.

               (b) Payments by the Administrative Agent Generally. With respect to the payment of any
amount denominated in Euro or in Pounds Sterling, neither the Administrative Agent nor any Lender
shall be liable to the Borrower or any Lender in any way whatsoever for any delay, or the
consequences of any delay, in the crediting to any account of any amount required by this Agreement
to be paid if such party shall have taken all relevant steps to achieve, on the date required by
this Agreement, the payment of such amount in immediately available, freely transferable, cleared
funds (in Euro or, as the case may be, in Pounds Sterling) to the account with the bank which shall
have specified for such purpose. As used herein, “all relevant steps” means all such steps as may
be prescribed from time to time by the regulations or operating procedures of such clearing or
settlement system as the Administrative Agent may from time to time determine for the purpose of
clearing or settling payments of the Euro.

               (c) Basis of Accrual. If the basis of accrual of interest or fees expressed in this
Agreement with respect to Pounds Sterling shall be inconsistent with any convention or practice in
the London Interbank Market for the basis of accrual of interest or fees in respect of the Euro,
such convention or practice shall replace such expressed basis effective as of and from the
commencement of the third stage of EMU by the United Kingdom; provided,

 

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that if any
Alternative Currency Loan is outstanding immediately prior to such date, such replacement shall
take effect, with respect to such Borrowing, at the end of the then current Interest Period.

               (d) Rounding and Other Consequential Changes. Without prejudice and in addition to any
method of conversion or rounding prescribed by any EMU legislation and without prejudice to the
respective liabilities for indebtedness of the Borrower to the Lenders and the Lenders to the
Borrower under or pursuant to this Agreement:

                    (i) each reference in this Agreement to a minimum amount (or an integral multiple thereof) in
Pounds Sterling shall be replaced by a reference to such reasonably comparable and convenient
amount (or an integral multiple thereof) in the Euro as the Administrative Agent may from time to
time specify; and

                    (ii) except as expressly provided in this Section 1.4, each provision of this Agreement shall
be subject to such reasonable changes of construction as the Administrative Agent may from time to
time specify to be necessary or appropriate to reflect the introduction of or changeover to the
Euro in the United Kingdom.

          1.5 Unavailability of Alternative Currency Loans. Notwithstanding any other provision
herein, if any Change in Law shall make it unlawful for any Lender to make or maintain any
Alternative Currency Loan or to give effect to its obligations as contemplated hereby with respect
to any such Loan or in the event that there shall occur any material adverse change in national or
international financial, political or economic conditions or currency exchange rates or exchange
controls which would in the opinion of such Lender make it impracticable for Loans to be
denominated in either the Euro, Pounds Sterling, Canadian Dollar, or Japanese Yen, then, by written
notice to the Borrower and to the Administrative Agent, such Lender may: (i) declare that such
Loans will not thereafter be made, whereupon any request for such an Alternative Currency Loan
shall be deemed a request for a Loan in Dollars unless such declaration shall be subsequently
withdrawn (the Lender agreeing to withdraw such declaration promptly upon determining that the
applicable event or condition no longer exists); and (ii) require that all outstanding Alternative
Currency Loans so affected be repaid.

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

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

 

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ARTICLE II. THE CREDIT

          2.1 The Revolving Credit.

               (a) Revolving Loans. Each Lender agrees, severally and not jointly, subject to the
terms and conditions and relying upon the representations and warranties set forth in this
Agreement and within the limits hereof, to make one or more Revolving Loans to the
Borrower, and Borrower may make a request for a Revolving Loan or Revolving Loans from the
Lenders, at any one time and from time to time, during the Availability Period. The Borrower
shall not at any time permit, and no Lender shall have any obligation to permit, the aggregate
outstanding principal amounts of all Revolving Loans, Alternative Currency Loans, Swingline Loans
and the face amount of outstanding Letters of Credit to exceed the Maximum Limit or any such Loan
to exceed such Lender’s Unused Commitment, or the Dollar Equivalent of $150,000,000 outstanding at
any one time for all Alternative Currency Loans. The Revolving Loans may be repaid and reborrowed
in accordance with the provisions hereof.

               (b) The Alternative Currency Loans. Each Lender severally agrees, on the terms and
conditions hereinafter set forth, to make Loans denominated in an Alternative Currency
(“Alternative Currency Loans”) to the Borrower from time to time on any Business Day during the
Availability Period in an amount for each such Loan not to exceed the Dollar Equivalent of such
Lender’s Unused Alternative Currency Sublimit at such time; provided, however,
that the aggregate amount of all Alternative Currency Loans and the aggregate amount of
Alternative Currency LC Exposure at any time outstanding shall not at any time exceed the
aggregate of the Alternative Currency Sublimits of all Lenders (the “Alternative Currency
Facility”), and, provided, further, no requested Alternative Currency Loans shall
be made in any amount which would exceed the aggregate of the Unused Commitments of the Lenders at
such time. Each Alternative Currency Loan shall consist of Alternative Currency advances made
simultaneously by the Lenders ratably according to their Alternative Currency Sublimits. Within
the limits of each Lender’s Alternative Currency Sublimit in effect from time to time, the
Borrower may borrow, repay and reborrow.

               (c) Method for Dollar Loans. When Borrower wants the Lenders to make a Revolving Loan
denominated in Dollars available, the Borrower shall notify the Administrative Agent not later than
1:00 p.m. on the Business Day on which the Revolving Loan is to be funded in the case of an ABR
Loan, and in the case of a Libor Loan not later than two (2) Business Days prior to the proposed
commencement date of the applicable Interest Period. In such notice, which may be by telephone,
confirmed immediately in writing, or telex or telecopier, by means of a Request Certificate duly
completed and executed, the Borrower shall specify (i) the aggregate amount of the Revolving Loan
to be made on a designated date which shall be in a minimum amount of $2,000,000 and shall be in
whole multiples of $1,000,000 for amounts in excess of such minimum amount; (ii) whether the
Revolving Loan shall be an ABR Loan or a Libor Loan, and if a Libor Loan the applicable Interest
Period; and (iii) the proposed date on which the Revolving Loan is to be funded which shall be a
Business Day. Each Lender shall make available to the Administrative Agent in accordance with
Section 2.5 hereof, in

 

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immediately available funds, such Lender’s Applicable Percentage of such
Loan in accordance with the respective Commitment of such Lender. As early as practically possible
on the date on which a Revolving Loan is made and upon fulfillment of the conditions set forth in
Article III of this Agreement, the Administrative Agent will make the proceeds of the Revolving
Loan available to the Borrower by a deposit to the applicable Loan Account.

               (d) Method for Alternative Currency Loans.

                    (i) When Borrower wants the Lenders to make a Revolving Loan denominated in an Alternative
Currency available, the Borrower shall notify the Administrative Agent and the Lenders not later
than 11:00 a.m. on the third Business Day prior to the date of the proposed borrowing. Each such
notice (a “Notice of Alternative Currency Borrowing”) may be by telephone, confirmed immediately in
writing, or telex or telecopier, specifying therein the (i) requested date of such Alternative
Currency Loan, (ii) Applicable Currency, (iii) amount of such Alternative Currency Loan (which
requested Alternative Currency Loan (other than, in the case of a continuation of a Libor Loan, a
change in the Dollar Equivalent thereof solely as a result of currency fluctuations)) shall be in
an aggregate amount of the Applicable Alternative Currency which would purchase approximately Three
Million Dollars ($3,000,000) or an integral multiple of One Million Dollars ($1,000,000) in excess
thereof based on the Spot Rate with respect to such currency on the date of the applicable Notice
of Alternative Currency Borrowing or, if less, the then Dollar Equivalent amount of the aggregate
Unused Alternative Currency Sublimits, and (iv) initial Interest Period for such Alternative
Currency Loan (it being understood by the Borrower and Lenders that all Alternative Currency Loans
shall be Libor Loans). Each Lender shall make available to the Administrative Agent, in accordance
with Section 2.5 hereof, in same day funds in such Alternative Currency, such Lender’s Applicable
Percentage of such Alternative Currency Loan in accordance with the respective Alternative Currency
Sublimits of such Lender. After the Administrative Agent’s receipt of funds from the Lenders and
upon fulfillment of the applicable conditions set forth in Article III, the Administrative Agent
will make such funds available to the Borrower by wire transfer to such account as the Borrower
shall have previously designated to the Administrative Agent in writing, which account must be in
the name of Borrower or a Subsidiary and in London or the financial center of the country of the
Applicable Currency.

          The Administrative Agent and the Lenders shall not incur any liability to Borrower in acting
upon any notice referred to in Sections 2.1(c) or (d) or upon any telephonic notice which the
Administrative Agent believes in good faith to have been given by the Borrower by a duly authorized
officer or other Person authorized to borrow on behalf of Borrower or for otherwise acting in good
faith hereunder.

                    (ii) Upon the occurrence and during the continuance of any Default or Event of Default, the
Administrative Agent may, and, in the case of the occurrence and continuance of a Default or Event
or Default, shall at the direction of the Required Lenders, terminate the Alternative Currency
Facility by giving notice of such termination to the Borrower, and each of the Lenders. Thereupon,
(A) any and all then outstanding Alternative Currency

 

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 Loans shall automatically be converted into
Revolving Loans denominated in Dollars in an amount equal to the Dollar Equivalent thereof (the
“Automatically Converted Loans”), (B) no further Alternative Currency Loans shall be permitted to
be made and (C) the Alternative Currency Sublimits of the Lenders shall be automatically
terminated. In addition, at such time the other Lenders shall purchase from the Lenders, and the
Lenders shall sell and assign to the Lenders, Automatically Converted Loans in an amount so that
each and every Lender shall have
a share of the total Automatically Converted Loans equal to its Applicable Percentage of the Total
Commitment. The Administrative Agent shall specify the amounts required to effect such purchases
and sales among the Lenders. The Borrower hereby agrees to each such sale and assignment. Each
Lender agrees to purchase its Applicable Percentage of Automatically Converted Loans on (i) the
Business Day on which demand therefor is made; provided that notice of such demand
is given not later than 11:00 a.m. on such Business Day, or (ii) the first Business Day next
succeeding such demand if notice of such demand is given after such time. Upon any such assignment
by a Lender to the other Lenders of a portion of the Automatically Converted Loans, such Lender
represents and warrants to such other Lenders that such Lender is the legal and beneficial owner of
the interest being assigned by it, but makes no other representation or warranty and assumes no
responsibility with respect to any of the Automatically Converted Loans, any of the Loan Documents,
Borrower or any Guarantor (including, without limitation, as to the financial condition of Borrower
or any Guarantor). The occurrence of any event which results in the existence of Automatically
Converted Loans pursuant to the foregoing shall be deemed to constitute, for all purposes of this
Agreement including Section 2.7(a)(ii), an optional prepayment of all of the Alternative Currency
Loans so automatically converted into Automatically Converted Loans before the last day of the
Interest Period relating thereto.

               (e) Existing Indebtedness Assigned. As of the Closing Date, there are
$338,068,406 of revolving loans outstanding and Existing Letters of Credit with a face amount
of $11,561,665 outstanding under the 2006 Agreement (as defined in part A of the Background
Section of this Agreement). Pursuant to an Omnibus Assignment and Assumption Agreement dated as
of the Closing Date, the lenders under the 2006 Agreement have assigned to the Administrative
Agent all of the indebtedness under the 2006 Agreement effective as of the Closing Date. As of
the Closing Date, such indebtedness under the 2006 Agreement is amended and restated as
Indebtedness hereunder, and the Administrative Agent hereby assigns a portion of the Commitment to
the Lenders such that, after giving effect to such assignment, the Commitment of each Lender shall
be as set forth on Schedule 2.1. The terms and provisions of Exhibit F are hereby incorporated by
reference so that the foregoing assignment shall be subject to the terms and conditions of such
Exhibit F.

          2.2 The Notes. (a) The Revolving Loans shall be evidenced by the Revolving Notes, with
all blanks appropriately completed, payable as provided therein to the Lenders. The Revolving Note
shall be inscribed by the holder thereof on the schedule attached thereto and any continuation
thereof with the date of the making of each Revolving Loan, the amount of each Revolving Loan, the
applicable Rate Options and Interest Periods, all payments of principal, and the aggregate
outstanding principal balance thereof.

 

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               (b) The Alternative Currency Loans shall be evidenced by the Alternative Currency Notes, with
all blanks appropriately completed, payable as provided therein to the Lenders. The Alternative
Currency Notes shall be inscribed by the holder thereof on the
schedule attached thereto and any continuation thereof with the date of the making of each
Alternative Currency Loan, the amount thereof and the applicable Interest Periods, all payments of
principal, and the aggregate outstanding principal balance thereof.

               (c) The Swingline Loans shall be evidenced by the Swingline Note, with all blanks
appropriately completed, payable as provided therein to the Swingline Lender. The Swingline Note
shall be inscribed by the holder thereof on the schedule attached thereto and any continuation
thereof with the date of the making of each Swingline Loan, the amount thereof and all payments of
principal, and the aggregate principal balance thereof.

Any such inscription on the schedules to any Revolving Note, Alternative Currency Note or Swingline
Note made by the holder thereof shall constitute prima facie evidence of the accuracy of the
information so recorded; provided, however, the failure of any Lender or other
holder to make any such inscription shall not affect the obligations of the Borrower under any
Revolving Note, Alternative Currency Note or Swingline Note or this Agreement.

          2.3 Swingline Loans. (a) Subject to the terms and conditions set forth herein, the
Swingline Lender agrees to make Loans (“Swingline Loans”) to Borrower solely for the Swingline
Lender’s own account, from time to time during the Availability Period, up to an aggregate
principal amount at any one time outstanding that will not result in (i) the aggregate principal
amount of outstanding Swingline Loans exceeding $25,000,000 or (ii) the sum of the aggregate Unused
Commitments of the Lenders at such time being exceeded; provided that the Swingline
Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan.
The Swingline Lender shall not make any Swingline Loan in the period commencing one Business Day
after the Swingline Lender shall have received written notice in accordance with Section 11.6 of
this Agreement from Administrative Agent or any Lender that one or more of the conditions contained
in Article III are not then satisfied or a Default or an Event of Default exists and ending upon
the satisfaction or waiver of such condition(s) or cure or waiver of such Default or Event of
Default. Swingline Loans shall bear interest at a rate per annum equal to the Alternate Base Rate
from time to time in effect plus 100 basis points. Each outstanding Swingline Loan shall be
payable on the Business Day following demand therefor or automatically without demand on the
Revolving Credit Maturity Date, together with interest accrued thereon, and shall otherwise be
subject to all other terms and conditions applicable to all Revolving Loans, except that all
interest thereon shall be payable to the Swingline Lender solely for its own account other than in
the case of the purchase of a participation therein in accordance with Section 2.3(c) of this
Agreement. Within the foregoing limits and subject to the terms and conditions set forth herein,
Borrower may borrow, repay and reborrow Swingline Loans.

               (b) To request a Swingline Loan, Borrower shall notify the Administrative Agent of such
request by telephone (confirmed by telecopy), not later than 1:00 p.m. on the day of a proposed
Swingline Loan. Each such notice shall be irrevocable and

 

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shall specify the requested date (which
shall be a Business Day) and amount of the requested Swingline Loan. The Administrative Agent will
promptly advise the Swingline Lender of any
such notice received from Borrower. The Swingline Lender shall make each Swingline Loan available
to Borrower by means of a credit to the general deposit account of 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 2.4(f) of this Agreement, by remittance to the Issuing Bank) by 3:00 p.m. on
the requested date of such Swingline Loan.

               (c) At any time after making a Swingline Loan, the Swingline Lender may request Borrower to,
and upon request by the Swingline Lender, Borrower shall, promptly request a Revolving Loan from
all Lenders and apply the proceeds of such Revolving Loan to the repayment of any Swingline Loan
owing by Borrower not later than the Business Day following the Swingline Lender’s request.
Notwithstanding the foregoing, and upon the earlier to occur of (i) three (3) Business Days after
demand for payment is made by the Swingline Lender for a Swingline Loan, and (ii) the Revolving
Credit Maturity Date, if such Swingline Loan has not been paid by Borrower, such Swingline Loan
shall bear interest as an ABR Loan and each Lender (other than the Swingline Lender) shall
irrevocably and unconditionally purchase from the Swingline Lender, without recourse or warranty,
an undivided interest and participation in such Swingline Loan in an amount equal to such Lender’s
Applicable Percentage of such Swingline Loan and promptly pay such amount to the Administrative
Agent for the account of the Swingline Lender by wire transfer of immediately available funds in
the same manner as provided in Section 2.5 of this Agreement with respect to Loans made by such
Lender, and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so
received by it from the Lenders. Each Lender acknowledges and agrees that its obligation to
acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional
and shall not be affected by any circumstance whatsoever, shall be made without any offset,
abatement, withholding or reduction whatsoever and such payment shall be made by the other Lenders
whether or not an Event of Default or a Default is then continuing or any other condition precedent
set forth in Article III is then met and whether or not Borrower has then requested a Revolving
Loan in such amount. The Administrative Agent shall notify Borrower of any participations in any
Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such
Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. If any
Lender fails to make available to the Administrative Agent for the account of the Swingline Lender,
any amounts due to the Swingline Lender from such Lender pursuant to this Section, the Swingline
Lender shall be entitled to recover such amount, together with interest thereon at the Federal
Funds Effective Rate for the first three (3) Business Days after Defaulting Lender receives such
notice and thereafter at the rate for ABR Loans, in either case payable (i) on demand, (ii) by
setoff against any payments made to the Swingline Lender for the account of Defaulting Lender, or
(iii) by payment to the Swingline Lender by the Administrative Agent of amounts otherwise payable
to Defaulting Lender under this Agreement. The failure of any Lender to make available to the
Administrative Agent for the account of the Swingline Lender its Applicable Percentage of any
unpaid Swingline Loan shall not relieve any other Lender of its obligation hereunder to make
available to the Administrative Agent for the account of the Swingline Lender, its Applicable
Percentage of any unpaid Swingline Loan on the

 

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date such payment is to be made, but no Lender shall
be responsible for the failure of any other
Lender to make available to the Administrative Agent for the account of the Swingline Lender its
Applicable Percentage of any unpaid Swingline Loan.

          2.4 Letters of Credit.

               (a) General. The Issuing Bank agrees, on the terms and conditions hereinafter set forth,
to issue Letters of Credit for the account of the Borrower from time to time on any Business Day
during the period from the Closing Date until two (2) Business Days prior to the Revolving Credit
Maturity Date (A) in an aggregate Available Amount for all Letters of Credit, including, without
limitation, Existing Letters of Credit, not to exceed at any time the Issuing Bank’s Letter of
Credit Commitment at such time, (B) with respect to Alternative Currency Letters of Credit, in an
Available Amount for each such Alternative Currency Letter of Credit not to exceed an amount equal
to the Unused Alternative Currency Sublimits of the Lenders at such time, (C) in an Available
Amount for each such Letter of Credit not to exceed an amount equal to the Unused Commitments of
the Lenders at such time. Within the limits of the Letter of Credit Facility, and subject to the
limits referred to herein, the Borrower may request the issuance of Letters of Credit under this
Section, repay any LC Disbursements resulting from drawings under Letters of Credit pursuant to
Section 2.4(f) and request the issuance of additional Letters of Credit under Section 2.4(c). The
Existing Letters of Credit shall be deemed to be Letters of Credit under this Agreement issued on
the Closing Date. 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 Borrower to, or entered into by Borrower with, the Issuing Bank relating to
any Letter of Credit, the terms and conditions of this Agreement shall control.

               (b) Letter of Credit Fees. The Issuing Bank shall have the right to receive, solely for
its own account, and Borrower shall pay with respect to any Letter of Credit the Issuing Bank’s
reasonable and customary administrative, issuance, amendment, drawing and negotiation charges in
connection with letters of credit. Without limiting the foregoing, the Borrower shall pay to the
Issuing Bank a fronting fee which shall accrue at the rate of 0.125% per annum on the average daily
amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC
Disbursements) during the period from and including the date of this Agreement to but excluding the
later of the date of termination of the Commitments and the date on which there ceases to be any LC
Exposure (“Fronting Fee”). The Fronting Fee shall be payable to the Issuing Bank quarterly in
arrears on the first day of each quarter following the Closing Date. For each day during (i) the
period beginning on the date of this Agreement and ending March 31, 2011, (ii) each full calendar
quarter thereafter during the term of this Agreement and (iii) the period beginning on the first
day of the calendar quarter containing the Revolving Credit Maturity Date and ending on the day
before the Revolving Credit Maturity Date, the Borrower shall pay, on demand, following each
such calendar quarter or other time period, to the Administrative Agent for the account of each
Lender participating in such Letters of Credit a non-refundable letter of credit fee equal to such
Lender’s Applicable Percentage, on such day, of the product obtained by multiplying (A) that
portion of LC Exposure representing

 

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the aggregate undrawn face amount of Letters of Credit on such
day first by (B) the Applicable Margin then in effect for Libor Loans for such day and then by (C)
1/360.

               (c) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions; Reports.

                    (i) To request the issuance of a Letter of Credit (or the amendment, renewal or extension of
an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by
electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to
the Issuing Bank and the Administrative Agent (at least three (3) Business Days in advance of the
requested date of issuance, amendment, renewal or extension for a Letter of Credit) a notice
requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended,
renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which
shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply
with paragraph (d) of this Section), the Available Amount of such Letter of Credit, the Applicable
Currency, the name and address of the beneficiary thereof, the purpose for which such Letter of
Credit is to be issued, and such other information as shall be necessary to prepare, amend, renew
or extend such Letter of Credit. Such notice, to be effective, must be received by the Issuing
Bank not later than 2:00 p.m. or the time agreed upon by the Issuing Bank and the Borrower on the
last Business Day on which such notice can be given under this Section 2.4(c). If requested by the
Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s
standard form in connection with any request for a Letter of Credit.

                    (ii) A Letter of Credit shall be issued, amended, renewed or extended only if, (x) after
giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not
exceed $75,000,000, (ii) the sum of the total Revolving Credit Exposures shall not exceed the Total
Commitment, and (iii) in the case of Alternative Currency Letters of Credit, the Unused Alternative
Currency Sublimits shall not be exceeded, (y) as of the date of such issuance amendment, renewal or
extension, no order, judgment or decree of any court, arbitrator or Governmental Authority shall
purport by its terms to enjoin or restrain the Issuing Bank from issuing the Letter of Credit and
no law, rule or regulation applicable to the Issuing Bank and no request or directive (whether or
not having the force of law) from any Governmental Authority with jurisdiction over the Issuing
Bank shall prohibit or request that the Issuing Bank refrain from the issuance of letters of credit
generally or the issuance of that Letter of Credit. Unless the Issuing Bank has been notified by
the Administrative Agent or the Required Lenders in writing that a Default or an Event of Default
has occurred and is continuing, in which case the Issuing Bank shall have no obligation to issue,
amend, renew or extend any Letter of Credit until such notice is withdrawn by the Administrative
Agent or the Required Lenders or such Default or Event of Default has been effectively waived in
accordance with the
provisions of this Agreement, the Issuing Bank shall, upon fulfillment of the applicable conditions
set forth in Article III, make such Letter of Credit available to the Borrower as agreed between
the Issuing Bank and the Borrower in connection with such issuance, provided that any such
Alternative Currency Letter of Credit shall in any event be made available to the Borrower,

 

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or as
the Borrower may direct, in London or the financial center of the country of the Applicable
Currency.

                    (iii) The Issuing Bank shall furnish (i) to the Administrative Agent on the first Business Day
of each week a written report summarizing issuance and expiration dates of Letters of Credit issued
during the previous week and drawings during such week under all Letters of Credit, (ii) to the
Administrative Agent, the Borrower, and each Lender on the first Business Day of each month a
written report summarizing issuance and expiration dates of Letters of Credit issued during the
preceding month and drawings during such month under all Letters of Credit, and (iii) to the
Administrative Agent, the Borrower, and each Lender on the first Business Day of each calendar
quarter a written report setting forth the average daily aggregate Available Amount during the
preceding calendar quarter of all Letters of Credit.

                    (iv) Notwithstanding any other provisions of this Agreement if, after the Closing Date any
Change in Law shall make it unlawful for the Issuing Bank to issue Letters of Credit denominated in
an Alternative Currency, then by prompt written notice thereof to the Borrower and to the
Administrative Agent (which notice shall be withdrawn whenever such circumstances no longer exist),
the Issuing Bank may declare that Letters of Credit will not thereafter be issued by it in the
affected Alternative Currency or Alternative Currencies, whereupon the affected Alternative
Currency or Alternative Currencies shall be deemed (for the duration of such declaration) not to
constitute an Alternative Currency for purposes of the issuance of Letters of Credit by the Issuing
Bank.

               (d) Expiration Date. No Letter of Credit shall have an expiration date (including all
rights of the Borrower or the beneficiary to require renewal) later than one (1) Business Day prior
to the Revolving Credit Maturity Date. The foregoing notwithstanding, any standby Letter of Credit
may, by its terms, be renewable annually upon notice (a “Notice of Renewal”) given to the Issuing
Bank and the Administrative Agent on or prior to any date for notice of renewal set forth in such
Letter of Credit (but in any event at least three (3) Business Days prior to the date of the
proposed renewal of such standby Letter of Credit) and upon fulfillment of the applicable
conditions set forth in Article III unless the Issuing Bank shall have notified the Borrower (with
a copy to the Administrative Agent) on or prior to the date for notice of termination set forth in
such Letter of Credit (but in any event at least thirty (30) Business Days prior to the date of
automatic renewal) of its election not to renew such standby Letter of Credit (a “Notice of
Termination”); provided that the terms of each standby Letter of Credit that is
automatically renewable annually shall not permit the expiration date (after giving effect to any
renewal) of such standby Letter of Credit in any event to be extended to a date later than one (1)
Business Day before the Revolving Credit Maturity Date. If either a Notice of Renewal is not given
by the Borrower or a Notice of Termination is given by the Issuing Bank pursuant to the immediately preceding sentence, such
standby Letter of Credit shall expire on the date on which it otherwise would have been
automatically renewed; provided, however, that even in the absence of receipt of a
Notice of Renewal, the Issuing Bank may, in its discretion unless instructed to the contrary by the
Administrative Agent or the Borrower, deem that a Notice of

 

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Renewal had been timely delivered and,
in such case, a Notice of Renewal shall be deemed to have been so delivered for all purposes under
this Agreement.

               (e) Participations. (i) Immediately upon issuance by the Issuing Bank of any Letter of
Credit in accordance with the procedures set forth in Section 2.4(c) of this Agreement, each Lender
shall be deemed to have irrevocably and unconditionally purchased and received from the Issuing
Bank, without recourse or warranty, an undivided interest and participation equal to its Applicable
Percentage of such Letter of Credit (including, without limitation, all obligations of the Borrower
with respect thereto) and any security therefor or guaranty pertaining thereto.

                    (ii) In the event that the Issuing Bank makes any LC Disbursement and the Borrower shall not
have repaid such amount to the Issuing Bank pursuant to Section 2.4(f) of this Agreement, (a) if
such payment relates to an Alternative Currency Letter of Credit, automatically and with no further
action required, the obligation to reimburse the applicable payment shall be permanently converted
into an obligation to reimburse the Dollar Equivalent of such LC Disbursement, and (b) the Issuing
Bank shall promptly notify the Administrative Agent and each Lender of such failure, and each
Lender shall promptly and unconditionally pay to the Administrative Agent for the account of the
Issuing Bank the amount of such Lender’s Applicable Percentage of the unreimbursed amount of any LC
Disbursement in the same manner as provided in Section 2.5 of this Agreement with respect to
Revolving Loans made by such Lender and the Administrative Agent shall promptly pay to the Issuing
Bank the amounts so received by it from the Lenders.

                    (iii) If any Lender fails to make available to the Issuing Bank any amounts due to the Issuing
Bank pursuant to this Section 2.4(e), the Issuing Bank shall be entitled to recover such amount,
together with interest thereon, at the Federal Funds Effective Rate for the first three (3)
Business Days after Defaulting Lender receives such notice and thereafter at the rate for ABR
Loans, in either case payable (i) on demand, (ii) by setoff against any payments made to the
Issuing Bank for the account of Defaulting Lender or (iii) by payment to the Issuing Bank by the
Administrative Agent of amounts otherwise payable to Defaulting Lender under this Agreement. The
failure of any Lender to make available to the Administrative Agent for the account of the Issuing
Bank its Applicable Percentage of the unreimbursed amount of any LC Disbursement shall not relieve
any other Lender of its obligation hereunder to make available to the Administrative Agent for the
account of the Issuing Bank its Applicable Percentage of the unreimbursed amount of any LC
Disbursement on the date such payment is to be made, but no Lender shall be responsible for the
failure of any other Lender to make available
to the Administrative Agent for the account of the Issuing Bank its Applicable Percentage of the
unreimbursed amount of any LC Disbursement on the date such payment is to be made.

                    (iv) Whenever the Issuing Bank receives a payment on account of an LC Disbursement, including
any interest thereon, it shall promptly pay to each Lender which has funded its participating
interest therein, in like funds as received an amount equal to such Lender’s pro rata share thereof
based on the amount funded.

 

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                    (v) The obligations of a Lender to make payments to the Administrative Agent for the account
of the Issuing Bank with respect to LC Disbursements shall be absolute, unconditional and
irrevocable, not subject to any counterclaim, set-off, qualification or exception whatsoever and
shall be made in accordance with the terms and conditions of this Agreement under all
circumstances, whether or not an Event of Default or a Default is then continuing.

                    (vi) In the event any payment by Borrower received by the Administrative Agent with respect to
a Letter of Credit and distributed by the Administrative Agent to the Lenders on account of their
participations is thereafter set aside, avoided or recovered from the Administrative Agent in
connection with any receivership, liquidation, reorganization or bankruptcy proceeding, each Lender
which received such distribution shall, upon demand by the Administrative Agent, contribute such
Lender’s Applicable Percentage of the amount set aside, avoided or recovered together with interest
at the rate required to be paid by the Administrative Agent upon the amount required to be repaid
by it.

               (f) Reimbursement. If the Issuing Bank shall make any LC Disbursement, the Borrower shall
reimburse such LC Disbursement by paying to the Administrative Agent for the account of the Issuing
Bank an amount in the Applicable Currency equal to such LC Disbursement not later than 12:00 Noon
on the date that such LC Disbursement is made, if the Borrower shall have received notice by
telephone or otherwise of such LC Disbursement prior to 10:00 a.m. on such date, or, if such notice
has not been received by the Borrower prior to such time on such date, then not later than 12:00
Noon on (i) the Business Day that the Borrower receives such notice, if such notice is received
prior to 10:00 a.m. on the day of receipt, or (ii) the Business Day immediately following the day
that the Borrower receives such notice, if such notice is not received prior to such time on the
day of receipt; provided that the Borrower may, subject to the conditions to
borrowing set forth herein, request in accordance with Section 2.1 or 2.3 of this Agreement that
such payment be financed with an ABR Loan or Swingline Loan in an equivalent amount and, to the
extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced
by the resulting ABR Loan or Swingline Loan.

               (g) Obligations Absolute. The Borrower’s obligations to reimburse LC Disbursements 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 this
Agreement, or any term or provision therein, (ii) any draft or other document presented under a
Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement
therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank 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 so long as it complies in all material respects, (iv) the existence
of any claim, set-off, defense or other right which Borrower or any Subsidiary may have at any time
against the beneficiary named in a

 

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Letter of Credit or any transferee of any Letter of Credit (or
any Person for whom any such transferee may be acting), the Issuing Bank, any Lender, any other
Person, whether in connection with this Agreement, any Letter of Credit, the transactions
contemplated herein or any unrelated transaction (including any underlying transactions between
Borrower, any Subsidiary and the beneficiary named in any Letter of Credit), (v) the occurrence of
any Event of Default or Default, or (vi) any other event or circumstance whatsoever, whether or not
similar to any of the foregoing, that might, but for the provisions of this Section, constitute a
legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations
hereunder. As among the Borrower, the Issuing Bank and the Lenders, the Borrower assumes all risks
of the acts and omissions of, or misuse of the Letters of Credit by, the respective beneficiaries
of the Letters of Credit requested by it. In furtherance and not in limitation of the foregoing,
the Issuing Bank and the Lenders shall not be responsible for (i) the form, validity, sufficiency,
accuracy, genuineness or legal effect of any document submitted by any party in connection with the
application for and issuance of any Letter of Credit, even if it should in fact prove to be in any
or all respect invalid, insufficient, inaccurate, fraudulent or forged; (ii) the validity or
sufficiency of any instrument transferring or assigning or purporting to transfer or assign a
Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part,
which may prove to be invalid or ineffective for any reason; (iii) failure of the beneficiary of a
Letter of Credit to comply fully with conditions required in order to draw upon such Letter of
Credit so long as such beneficiary is in material compliance with such conditions; (iv) errors,
omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable,
telegraph, telex or otherwise; (v) errors in interpretation of technical terms; (vi) misapplication
by the beneficiary of a Letter of Credit of the proceeds of any drawing under such Letter of
Credit; or (vii) any consequences arising from causes beyond the control of the Issuing Bank or the
Lenders. In addition to amounts payable as elsewhere provided in this Section 2.4, Borrower hereby
agrees to protect, indemnify, pay and save the Administrative Agent, the Issuing Bank and each
Lender harmless from and against any and all claims, demands, liabilities, damages, losses, posts,
charges and expenses (including reasonable attorneys’ fees) arising from the claims of third
parties against the Administrative Agent or the Issuing Bank in respect of any Letter of Credit
requested by the Borrower. In furtherance and extension and not in limitation of the specific
provisions hereinabove set forth, any action taken or omitted by the Issuing Bank or any Lender
under or in connection with the Letters of Credit or any related certificates, if taken or omitted
in good faith, shall not put the Issuing Bank, the Administrative Agent or such Lender under any
resulting liability to Borrower or relieve Borrower of any of their obligations hereunder to
the Issuing Bank, the Administrative Agent or any Lender. Notwithstanding anything to
the contrary contained in this Section 2.4(g), Borrower shall not have any obligations to indemnify
the Issuing Bank under this Section 2.4(g) in respect of any liability incurred by the Issuing Bank
that is found in a final judgment by a court of competent jurisdiction to have resulted primarily
from the Issuing Bank’s own gross negligence or willful misconduct, unless such action or inaction
on the part of the Issuing Bank which gave rise to the liability was taken at the request of
Borrower or from the wrongful failure to pay the Letter of Credit except if pursuant to an order
from a Governmental Authority (even if such order is later invalidated).

 

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

               (i) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then regardless
of the time of Borrower’s receipt of notice of such LC Disbursement, unless the Borrower 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 Borrower reimburses such LC Disbursement, at the rate per annum
then applicable to ABR Loans; provided that, if the Borrower fails to reimburse
such LC Disbursement when due pursuant to paragraph (f) of this Section, then the default interest
rate set forth in Section 2.6(e)(iii) of this Agreement shall apply. Interest accrued pursuant to
this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and
after the date of payment by any Lender pursuant to paragraph (e)(ii) or (e)(iii) of this Section
to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such
payment.

               (j) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the
successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement
of the Issuing Bank. At the time any such replacement shall become effective, the Borrower shall
pay all unpaid fees accrued for the account of the replaced Issuing Bank. From and after the
effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights
and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit to be
issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to
such successor or to any previous Issuing Bank, or to such successor and all previous Issuing
Banks, as the context
shall require. After the replacement of the Issuing Bank hereunder, the replaced Issuing Bank
shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing
Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement,
but shall not be required to issue additional Letters of Credit.

               (k) Cash Collateralization. If any Event of Default shall occur and be continuing, on the
Business Day that the Borrower receives notice from the Administrative Agent or the Required
Lenders (or, if the maturity of the Loans has been accelerated, Lenders with LC Exposure
representing greater than fifty percent (50%) of the total LC Exposure) demanding the deposit of
cash collateral pursuant to this paragraph, the Borrower shall deposit in an interest-bearing
account with the Administrative Agent, in the name of the Administrative Agent and for the benefit
of the Lenders, an amount in cash equal to the LC Exposure as of such

 

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date plus any accrued and
unpaid interest thereon; provided that the obligation to deposit such cash
collateral shall become effective immediately, and such deposit shall become immediately due and
payable, without demand or other notice of any kind, upon the occurrence of any Event of Default
with respect to any of the Borrower described in Section 8.1(d) or (e) of this Agreement. Such
deposit shall be held by the Administrative Agent as Collateral for the payment and performance of
the obligations of the Borrower under this Agreement. The Administrative Agent shall have
exclusive dominion and control, including the exclusive right of withdrawal, over such account.
Other than any interest earned on the interest-bearing account or on any investment of such
deposits, which investments shall be made at the option and sole discretion of the Administrative
Agent and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest or
profits, if any, on such investments shall accumulate in such account. Moneys in such account
shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for
which it has not been reimbursed and, to the extent not so applied, shall be held for the
satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or,
if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC
Exposure representing greater than fifty percent (50%) of the total LC Exposure), be applied to
satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to
provide an amount of cash collateral hereunder as a result of the occurrence of an Event of
Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower
within three Business Days after all Events of Default have been cured or waived.

          2.5 Funding of Borrowings. (a) Each Lender shall fund its Applicable Percentage of each
Loan to be made hereunder on the proposed date thereof by wire transfer of immediately available
funds (in the Applicable Currency) by (i) 3:00 p.m., in the case of Revolving Loans, and (ii) 11:00
a.m. in the case of Alternative Currency Loans, to the account most recently designated by the
Administrative Agent for such purpose by notice to the Lenders; provided that
Swingline Loans shall be made as provided in Section 2.3 hereof. The Administrative Agent will
make such Loans available to the Borrower by promptly crediting the amounts so received, in like
funds, to the Loan Account or,
in the case of Alternative Currency Loans, such other account previously designated to the
Administrative Agent in writing, which account must be in the name of the Borrower or a Subsidiary
and in London or the financial center of the country of the Applicable Currency;
provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in
Section 2.4(f) of this Agreement shall be remitted by the Administrative Agent to the Issuing Bank
and that Loans made to repay Swingline Loans as provided in Section 2.3 of this Agreement shall be
remitted by the Administrative Agent to the Swingline Lender and that Loans made to purchase the
Applicable Percentage of Automatically Converted Loans in Section 2.1(d) of this Agreement shall be
remitted by the Administrative Agent to the applicable Lenders.

               (b) Unless the Administrative Agent shall have received notice from a Lender in accordance
with Section 10.15 of this Agreement 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

 

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with paragraph (a) of this Section and
may, in reliance upon such assumption, make available to the 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 Defaulting Lender and the 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 the Borrower to but excluding the
date of payment to the Administrative Agent, at (i) in the case of Defaulting Lender, the greater
of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the
interest rate applicable to ABR Loans. If a Defaulting Lender pays such amount to the
Administrative Agent, then such amount, less any interest paid to the Administrative Agent, shall
constitute such Lender’s Loan included in such borrowing. Any Defaulting Lender shall pay on
demand to the Borrower the amount equal to the excess of the interest actually paid by the Borrower
to the Administrative Agent over the interest which would have otherwise been payable by the
Borrower to such Defaulting Lender had such Defaulting Lender funded its share of the applicable
borrowing, plus interest on such amount at the rate applicable to ABR Loans.

          2.6 Interest.

               (a) Rates.

                    (i) The Revolving Notes shall bear interest, prior to maturity (whether by acceleration or
otherwise) on the balance of principal thereof from time to time unpaid, payable in arrears on the
first day of each month for interest accrued during the preceding month in the case of ABR Loans
and in the case of Libor Loans payable in arrears on the last day of the applicable Interest
Period, and in the case of an Interest Period in excess of
three months also payable on the dates that are successively three months after the commencement of
such Interest Period. The Revolving Loans shall bear interest in accordance with the Rate Option
selected by the Borrower pursuant to the terms hereof.

                    (ii) The Alternative Currency Notes shall bear interest, prior to maturity (whether by
acceleration or otherwise) on the balance of principal thereof from time to time unpaid, payable in
arrears on the last day of the applicable Interest Period, and in the case of an Interest Period in
excess of three months also payable on the dates that are successively three months after the
commencement of such Interest Period. The Alternative Currency Loans shall bear interest at a rate
of interest in accordance with the Libor Rate Option, pursuant to the terms hereof.

                    (iii) The Swingline Note shall bear interest payable monthly in arrears on the first day of
each month for interest accrued during the preceding month on the balance of principal from time to
time unpaid.

 

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               (b) Rate Options.

                    (i) Unless the Borrower has selected a Libor Rate in accordance with the provisions of this
Agreement, the Borrower shall be deemed to have selected the ABR Option to apply to any portion of
a Revolving Note not subject to a Libor Rate, and such rate shall continue in effect until the
earlier of when a Libor Rate and Interest Period are available and properly selected, or until the
applicable Revolving Note is paid in full.

          Notice by the Borrower of the selection of a Libor Rate or Interest Period for any Revolving
Loan or Alternative Currency Loan, the amount subject thereto, and the applicable Interest Periods
shall be irrevocable. Such notice may be given to the Administrative Agent by a duly completed
Request Certificate executed by the Borrower.

                    (ii) The Alternative Currency Notes shall bear interest at the Libor Rate for the Interest
Periods selected by the Borrower in accordance with the provisions of this Agreement.

                    (iii) The Swingline Note shall bear interest at the rate of interest applicable to ABR Loans
and such rate shall continue until the Swingline Note is paid in full.

               (c) Default Rate. Upon notice to the Borrower by the Administrative Agent of the
occurrence of an Event of Default and during the continuance thereof and after maturity, whether by
acceleration or otherwise, the Revolving Notes, Alternative Currency Notes and Swingline Notes
shall bear interest at a per annum rate equal to two percent (2%) in excess of the otherwise
applicable rate of interest thereon. Overdue fees and other amounts payable by the Borrower under
this
Agreement other than principal and interest (“Overdue Amounts”) shall also bear interest at a per
annum rate equal to two percent (2%) in excess of the rate of interest applicable to ABR Loans
while such sums remain unpaid. In no event shall the rate of interest on the Revolving Notes,
Alternative Currency Notes or the rate of interest applicable to Overdue Amounts exceed the maximum
rate of interest authorized by law.

               (d) Computation of Interest. Interest on ABR Loans shall be calculated on the basis of a
year of 365 days, or 366 days during a leap year, for the actual number of days elapsed. Interest
on Libor Loans shall be calculated on the basis of the actual number of days elapsed in a year of
360 days, which will result in a higher effective annual rate. If any of the Notes are not paid
when due, whether because such Notes become due on a Saturday, Sunday or bank holiday or for any
other reason, the Borrower will pay interest thereon at the aforesaid rate until the date of actual
receipt of payment by the holder of the Notes.

               (e) Rate Conversions and Continuations. For any Revolving Loan, the Borrower may elect to
convert any portion of (i) an ABR Loan to a Libor Loan, or (ii) a Libor Loan to an ABR Loan, or to
continue any Libor Loan or ABR Loan as a new loan of the same Type; provided,
however, Libor Loans may only be converted to ABR Loans or continued on the expiration date
of the applicable Interest Period.

 

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       Subject to the foregoing, with respect to a Revolving Loan, the Borrower may elect to convert
any ABR Loan to a Libor Loan, or, to continue a Libor Loan as a new Libor Loan, by Borrower giving
irrevocable notice of such election to the Administrative Agent by 1:00 p.m. at least two (2)
Business Days prior to the requested rate change date and, in the case of any Libor Loan, such
conversion or continuation shall take place on the last day of the applicable Interest Period with
respect to the Revolving Loan being so converted or continued. Such notice may be given by a duly
completed and executed Request Certificate. Each such request to convert or continue shall include
the requested rate change date (which shall be a Business Day), the Rate Option selected, and the
amount to be converted or continued (which shall be in a principal amount of $2,000,000 or more and
in whole multiples of $1,000,000 in the case of conversion to, or continuation as, a Libor Loan).
If no Event of Default or Default is then existing at such time, and the Borrower is in compliance
with the terms of this Agreement as evidenced by the Administrative Agent’s receipt of a properly
completed and executed Request Certificate, such conversion or continuation shall be made on the
requested rate change date, subject to the foregoing limitations in connection with the conversion
or continuation of Libor Loans.

          The Administrative Agent shall not incur any liability to Borrower in acting upon any
telephonic notice which the Administrative Agent believes to have been given by a duly authorized
officer or other designated representative of such Borrower, and which is confirmed by delivery to
the Administrative Agent from the Borrower or the Borrower of a written or
facsimile notice signed by Borrower or the Borrower, or for otherwise acting in good faith
hereunder.

          Notwithstanding the foregoing, Alternative Currency Loans shall at all times be Libor Loans,
must comply with all provisions of this Agreement applicable to Libor Loans and may not be
converted by the Borrower into ABR Loans.

     
     2.7 Prepayments.

               (a) Optional Prepayments.

     
               (i) ABR Loans. Borrower shall have the right to prepay at any time without premium
all or any portion of the ABR Loans.

     
               (ii) Libor Loans. Borrower shall have the right to prepay without premium all or any
portion of the Libor Loans on the expiration day of the applicable Interest Period. If any Libor
Loan is prepaid at any other time, the Borrower shall pay to the applicable Lender an amount equal
to the Breakage Fee within 10 days of notice thereof from the Lender, setting forth the amount of
such Breakage Fee.

          All prepayments of the Revolving Loans and Alternative Currency Loans shall be subject to a
minimum amount of $2,000,000, and incremental multiples of $1,000,000 thereafter or the Dollar
Equivalent thereof in the case of Alternative Currency Loans.

 

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               (b) Mandatory Prepayments.

        
            (i) Net Proceeds. Borrower shall make a mandatory prepayment to the Administrative
Agent for the account of the Lenders in accordance with their Applicable Percentages, promptly upon
receipt thereof, equal to all (100%) of the Net Proceeds received by the Borrower or any Subsidiary
from (1) insurance, condemnation and similar recoveries in excess of $10,000,000 other than such
recoveries that are promptly applied in the ordinary course of business toward repair or
replacement of the damaged property; and (2) the reversion of Pension Plan assets from an
over-funded Pension Plan, but only to the extent of such over-funding. Borrower shall give to the
Administrative Agent written notice of the occurrence of an event requiring a mandatory prepayment
hereunder promptly, but not later than within thirty (30) days after the occurrence of such an
event.

                    (ii) Commitments Exceeded. If on any date, the Revolving Credit Exposures of the
Lenders exceed the Total Commitment, or the Revolving Credit Exposure of any Lender exceeds such
Lender’s Commitment, or the aggregate principal amount of Swingline Loans exceeds the Swingline
Commitment, or the total LC Exposure exceeds the Letter of Credit Commitment, then in each case the
Borrower shall, upon request made by the Administrative Agent, prepay on such date the
principal amount of Loans in an aggregate amount equal to such excess or, in the case where total
LC Exposure exceeds the Letter of Credit Commitment, pay to the Administrative Agent an amount in
cash equal to such excess to be held as security for the reimbursement obligations of the Borrower
in respect of Letters of Credit pursuant to a cash collateral agreement to be entered into in form
and substance reasonably satisfactory to the Administrative Agent, the Borrower and the Issuing
Bank.

          If the Administrative Agent notifies the Borrower at any time that the Assigned Dollar Value
of the outstanding amount of all Loans and Letters of Credit denominated in Alternative Currencies
at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect,
then, within two (2) Business Days after receipt of such notice, the Borrower shall prepay Loans in
an aggregate amount sufficient to reduce such outstanding amount as of such date of payment to an
amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

          In the event of any repayment or prepayment of any Loan (other than a repayment or prepayment
of an ABR Loan prior to the end of the Availability Period with no related Commitment reduction),
the Borrower shall pay all accrued interest on the principal amount repaid or prepaid on the date
of such repayment or prepayment.

          The proceeds of any mandatory prepayments paid to or for the account of the Lenders shall be
applied by the Lender entitled thereto on the applicable Indebtedness hereunder first to accrued
interest, fees and expenses payable thereon and then to principal.

 

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          2.8 Use of Proceeds. Borrower covenants to the Lenders that Borrower will use the proceeds
borrowed under this Agreement to refinance the indebtedness under the 2006 Agreement; to make
permitted payments and prepayments under Section 7.6(b)(i), (iii), (iv) and (v); for Borrower’s
ongoing working capital and business requirements including Permitted Acquisitions; and no part of
such proceeds will be used directly or indirectly to purchase or carry Margin Stock (as defined in
Regulation U of the Board of Governors of the Federal Reserve System), or to extend credit to
others for the purpose of purchasing or carrying any Margin Stock, in violation of any of the
provisions of Regulations U or X of the Board of Governors of the Federal Reserve System. Borrower
further covenants that Borrower is not engaged in the business of extending credit for the purpose
of purchasing or carrying any Margin Stock.

          2.9 Alternate Rate of Interest. If prior to the commencement of any Interest Period for a
Libor Loan:

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

               (b) the Administrative Agent is advised by the Required Lenders that the Libor Rate Option or
the Libor Rate, as applicable, for such Interest Period will not adequately and fairly reflect the
cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in
such Libor Loan for such Interest Period;

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by
telephone or facsimile as promptly as practicable thereafter and, until the Administrative Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer
exist, (i) any request to convert or continue any Loan to or as a Libor Loan shall be ineffective,
and (ii) any requested new Loan shall be made as an ABR Loan.

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

                    (1) 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 Libor Rate) or the Issuing Bank; or

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

                    (3) subject any Recipient to any Taxes (other than Excluded Taxes) on its loans, letters of
credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital
attributable thereto;

 

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

               (b) If any Lender or the Issuing Bank determines that any Change in Law regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender’s or the
Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in Letters of
Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below
that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company
could have achieved but for such Change in Law (taking into consideration such Lender’s or the
Issuing Bank’s policies and the policies of such Lender’s
or the Issuing Bank’s holding company with respect to capital adequacy, and provided such
Change in Law has or would have a similar effect on Lender as a consequence of other similarly
situated credits of Lender), then from time to time the Borrower will pay to such Lender or the
Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender
or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction
suffered.

               (c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be,
as specified in paragraph (a) or (b) of this Section 2.10 shall be delivered to the Borrower and
shall be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank,
as the case may be, the amount shown as due on any such certificate within ten (10) days after
receipt thereof.

               (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or the Issuing Bank’s right
to demand such compensation; provided that the Borrower shall not be required to compensate
a Lender or the Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than 180 days prior to the date that such Lender or the Issuing Bank, as the case may
be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions
and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or
reductions is retroactive, then the 180-day period referred to above shall be extended to include
the period of retroactive effect thereof.

          2.11 Taxes. If any Taxes shall be payable, or ruled to be payable, by or to any
Governmental Authority, by, or in respect of any amount owing to, any Lender which has

 

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complied
with Section 10.18 of this Agreement, relating to any of the transactions contemplated by this
Agreement (including, but not limited to, execution, delivery, performance, enforcement, or payment
of principal or interest of or under the Notes or the making of any Libor Loan), by reason of any
now existing or hereafter enacted statute, rule, regulation or other determination, the Borrower
will:

               (a) pay on written request therefor all such Taxes to the relevant Governmental Authority in
accordance with applicable laws,

               (b) promptly furnish the Administrative Agent and the Lenders with evidence of any such
payment, and

               (c) indemnify and hold the Administrative Agent and the Lenders and any holder or holders of
the Notes harmless and indemnified against any liability or liabilities with respect to any
Indemnified Taxes or Other Taxes withheld or deducted by the Borrower or the Administrative Agent
or paid by the Administrative Agent or the Lenders, as the case may be, and any penalties, interest
and reasonable expenses arising therefrom or with respect thereto.

Without prejudice to the survival of any other agreement of the Borrower under this Agreement, the
agreement and obligations of the Borrower contained in this Section 2.11 shall survive the
termination of this Agreement.

          2.12 Commitment Fee. For each day during (i) the period beginning on the date of this
Agreement and ending March 31, 2011, (ii) each full calendar quarter thereafter during the term of
this Agreement and (iii) the period beginning on the first day of the calendar quarter containing
the Revolving Credit Maturity Date and ending on the day before the Revolving Credit Maturity Date,
the Borrower shall pay, on demand, following each such calendar quarter or other time period, to
the Administrative Agent for the account of each Lender a fee equal to the Applicable Commitment
Fee Rate times the actual daily amount by which the Total Commitment on such day exceeds
the sum of (x) the outstanding amount of Loans and (y) the outstanding amount of the aggregate
Dollar Equivalent of the total LC Exposure of the Lenders multiplied by 1/360.

          2.13 Revolving Loan Commitment Termination and Reduction. (a) Unless previously
terminated, the Commitment shall terminate on the Revolving Credit Maturity Date.

               (b) The Borrower may, at any time by three (3) Business Days prior written notice from the
Borrower to the Administrative Agent, state the Borrower’s desire to reduce the Maximum Limit to
any amount which is not less than the aggregate of the then outstanding principal amount of
Revolving Loans, Alternative Currency Loans, Swingline Loans and the face amount of outstanding
undrawn Letters of Credit, if any. Any reductions of the Maximum Limit shall not be reinstated at
any future date and any partial reduction shall be in the amount of $2,000,000 and in incremental
multiples of $1,000,000 thereafter. Two Business Days after receipt of such reduction notice, the
obligation of the Lenders to make Revolving Loans or Alternative Currency Loans hereunder or
purchase participations in Swingline Loans or

 

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Alternative Currency Loans or Letters of Credit
hereunder shall be limited to the Maximum Limit as reduced pursuant to said notice. Any such
reduction of the Commitment shall be accompanied by payment of any applicable Breakage Fees.

          2.14 Payments. (a) All payments of interest, principal, fees and other expenses by the
Borrower under this Agreement unless otherwise specified shall be made (i) in lawful currency of
the United States of America or (ii) in the case of amounts denominated in an Alternative Currency,
in such Alternative Currency, and in immediately available funds without counterclaim or setoff.

          (b) Any and all payments by or on account of any obligation of the Borrower hereunder shall to
the extent permitted by applicable laws be made free and clear of and without deduction or
withholding for any Taxes. If, however, applicable laws require the Borrower or the Administrative
Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with such laws as determined by the Borrower or the Administrative Agent, as the
case may be, upon the basis of the information and documentation to be delivered pursuant to
Section 10.18 of this Agreement.

          (c) If the Borrower or the Administrative Agent shall be required by the Code to withhold or
deduct any Taxes from any payment, then (i) the Administrative Agent shall withhold or make such
deductions as are determined by the Administrative Agent to be required based upon the information
and documentation it has received pursuant to Section 10.18 of this Agreement, (ii) the
Administrative Agent shall timely pay the full amount withheld or deducted to the relevant
governmental authority in accordance with the Code, and (iii) to the extent that the withholding or
deduction is made on account of Indemnified Taxes or Other Taxes, the sum payable by the Borrower
shall be increased as necessary so that after any required withholding or the making of all
required deductions the Administrative Agent or Lender receives an amount equal to the sum it would
have received had no such withholding or deduction been made.

          (d) All payments shall be made not later than 12:00 Noon on the due date at the Administrative
Agent’s office or such other office designated by the Administrative Agent in the case of payments
made in an Alternative Currency. All payments (unless stated herein otherwise) shall be applied
first to the payment of all fees, expenses and other amounts due to the Lenders (excluding
principal and interest), then to accrued interest, and the balance on account of outstanding
principal; provided, however, that after a Default or an Event of Default, payments
will be applied to the obligations of Borrower to the Lenders as the applicable Lender determines
in its sole discretion.

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

          (a) No payments of principal, interest or fees delivered to the Administrative Agent for the
account of any Defaulting Lender shall be delivered by the Administrative Agent to such Defaulting
Lender. Instead, such payments shall, for so long as such Defaulting Lender

 

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shall be a Defaulting
Lender, be held by the Administrative Agent, and the Administrative Agent is hereby authorized and
directed by all parties hereto to hold such funds in escrow and apply such funds as follows:

     
          (i) First, if applicable, to any payments due to the Issuing Bank pursuant to Section
2.4(e) of this Agreement or the Administrative Agent, in its capacity as Administrative Agent or
Swingline Lender, as applicable, under Section 2.1(d), Section 2.3 or Section 2.5 of this
Agreement; and

  
             (ii) Second, to Loans required to be made by such Defaulting Lender on any borrowing
date to the extent such Defaulting Lender fails to make such Loans; and

  
             (iii) Third, to the payment of any amounts owing to the Borrower, the Lenders, the
Issuing Bank or the Administrative Agent as a result of any judgment of a court of competent
jurisdiction obtained by any Lender, the Issuing Bank or the Administrative Agent against such
defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this
Agreement; and

      
         (iv) Fourth, to the payment of any amount due to the Borrower under Section 2.5(b) of
this Agreement.

          (b) Notwithstanding the foregoing, upon the termination of the Commitments and the payment and
performance of all of the Indebtedness and other obligations of the Borrower under this Agreement
(other than those owing to a Defaulting Lender), any funds then held in escrow by the
Administrative Agent pursuant to the preceding sentence shall be distributed to each Defaulting
Lender, pro rata in proportion to amounts that would be due to each Defaulting Lender but for the
fact that it is a Defaulting Lender.

          2.16 Upfront Fees. Borrower shall pay to each of the Lenders on the Closing Date the
upfront fees in the amounts determined for each Lender in accordance with the term sheet dated
February 15, 2011 contained in the Confidential Information Materials.

          2.17 Administrative Agent Fees. The Borrower shall pay to the Administrative Agent for its
own account the fees in the amounts and on the dates previously agreed to in writing in the Fee
Letter.

          2.18 Substitution of Lender. If (a) the obligation of any Lender to make or maintain Libor
Loans has been suspended pursuant to Section 2.10 of this Agreement when not all Lenders’
obligations to do so have been suspended, (b) any Lender has demanded compensation under Sections
2.9 or 2.10 of this Agreement, in each case when all Lenders have not done so, (c) any Lender is a
Defaulting Lender, (d) any payment of Taxes by the Borrower is required under Section 2.11 hereof
or (e) in connection with any proposed amendment, waiver or consent requiring the consent of “each
Lender” or “each Lender directly affected thereby”, the consent of the Required Lenders is
obtained, but the consent of any other necessary Lender is not obtained, the Borrower shall have
the right, if no Default then exists, to replace such Lender (a

 

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“Replaced Lender”) with one or more
other lenders (each, a “Replacement Lender”) reasonably acceptable to the Administrative Agent,
provided that (i) at the time of any replacement pursuant to this Section 2.18, each Replacement
Lender shall enter into one or more Assignment and Assumptions pursuant to which the Replacement
Lender shall acquire the Commitments and outstanding Loans and other obligations of the Replaced
Lender and, in connection therewith, shall pay to the Replaced Lender in respect thereof an amount
equal to the sum of (A) the amount of principal of, and all accrued interest on, all outstanding
Loans of the Replaced Lender, (B) the amount of all accrued,
but theretofore unpaid, fees and expenses, if applicable, owing to the Replaced Lender hereunder
and (C) the amount which would be payable by the Borrower to the Replaced Lender pursuant to
Section 2.7(a)(ii) of this Agreement, if any, if the Borrower prepaid at the time of such
replacement all of the Loans of such Replaced Lender outstanding at such time and (ii) all
obligations of the Borrower under this Agreement and the other Loan Documents then owing to the
Replaced Lender (other than those specifically described in clause (i) above in respect of which
the assignment purchase price has been, or is concurrently being, paid) shall be paid in full by
the Borrower to such Replaced Lender concurrently with such replacement. Upon the execution of the
respective Assignment and Assumption, the payment of amounts referred to in clauses (i) and (ii)
above and, if so requested by the Replacement Lender, delivery to the Replacement Lender of the
appropriate Note or Notes executed by the Borrower, the Replacement Lender shall become a Lender
hereunder and the Replaced Lender shall cease to constitute a Lender hereunder. The provisions of
this Agreement shall continue to govern the rights and obligations of a Replaced Lender with
respect to any Loans made or any other actions taken by such Replaced Lender while it was a Lender.
Nothing herein shall release any Defaulting Lender from any obligation it may have to the
Borrower, the Administrative Agent, the Issuing Bank, Swingline Lender or any other Lender.

          2.19 Lender Statements; Survival of Indemnity. To the extent reasonably possible, each
Lender shall designate an alternate office, branch or Affiliate with respect to its Libor Loans to
reduce any liability of Borrower to such Lender under Sections 2.9, 2.10 and 2.11 of this
Agreement, so long as such designation is not disadvantageous to such Lender in any material
respect. Each Lender shall deliver a written statement of such Lender to the Borrower (with a copy
to the Administrative Agent) as to the amount due, if any, under Section 2.9, 2.10 or 2.11 of this
Agreement. Such written statement shall set forth in reasonable detail the calculations upon which
such Lender determined such amount and shall state that amounts determined in accordance with such
procedures are being charged by such Lender to other borrowers with credit facilities similar to
this Agreement and credit characteristics comparable to the Borrower as determined by such Lender
and shall be final, conclusive and binding on the Borrower in the absence of manifest error.
Determination of amounts payable under such sections in connection with a Libor Loan shall be
calculated as though each Lender funded such Loan through the purchase of a deposit of the type and
maturity corresponding to the deposit used as a reference in determining the interest rate
applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided
herein, the amount specified in the written statement of any Lender shall be payable on demand
after receipt by the Borrower of such written statement. The obligations of the Borrower under
Sections 2.9, 2.10 and 2.11 of this Agreement shall survive payment of the Indebtedness under this
Agreement and termination of

 

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this Agreement. The Borrower shall have no obligation to compensate
any Lender with respect to amounts provided in Section 2.10 of this Agreement with respect to any
period prior to the date which is one hundred eighty (180) days prior to the date such Lender
delivers its written statement hereunder requesting compensation.

          2.20 Returned Payments. If after receipt of any payment which is applied to the payment of all or any part of the
obligations of Borrower under this Agreement, the Administrative Agent or any Lender is for any
reason compelled to surrender such payment or proceeds to any Person because such payment or
application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or
voidable as a preference, impermissible setoff, or a diversion of trust funds, or for any other
reason, then the obligations or part thereof intended to be satisfied shall be revived and
continued and this Agreement shall continue in full force as if such payment or proceeds had not be
received by the Administrative Agent or such Lender. The provisions of this Section 2.20 shall be
and remain effective notwithstanding any contrary action which may have been taken by the
Administrative Agent or any Lender in reliance upon such payment or application of proceeds. The
provisions of this Section 2.20 shall survive the termination of this Agreement.

          2.21 Expansion Option.

               (a) Request for Increase. Provided (i) there exists no Event of Default, and no Event
of Default would be caused thereby, and (ii) the Total Commitment has not been previously reduced
in accordance with Section 2.13 hereof, the Borrower may request upon notice to the Agent and the
Lenders, an increase in the Total Commitment in minimum amounts of $10,000,000 and whole multiples
of $10,000,000 for amounts in excess of such minimum amount so long as, after giving effect
thereto, the Total Commitment does not exceed $1,100,000,000. In the event the Increasing Lenders
do not commit the full increase requested, Borrower may select, in consultation with the Agent,
such increase to be provided by one or more Lenders (each Lender so agreeing to an increase in its
Commitment an “Increasing Lender”) one or more new banks, financial institutions or other entities
(each such new bank, financial institution or other entity, an “Augmenting Lender”), to extend a
Commitment; provided that each Augmenting Lender shall be subject to the reasonable
approval of the Agent and the approval of the Borrower, and provided further that each Increasing
Lender and each Augmenting Lender executes documentation in form and content satisfactory to the
Agent to either become a party to this Agreement or reflect the increase of such Lender’s
Commitment under this Agreement. At the time of sending a notice requesting an increase in the
Commitments, the Agent shall specify the time period within which each Lender is requested to
respond which shall in no event be less than ten (10) Business Days from the date of delivery of
such notice to the Lenders (“Notice Period”).

               (b) Lender Elections to Increase. Each Lender shall notify the Agent within the
Notice Period whether or not it agrees to increase its Commitment and the amount thereof, which
decision shall be made in such Lender’s sole discretion. Any Lender not

 

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responding within the
Notice Period shall be deemed to have declined to increase its Commitment (any Lender declining to
increase its Commitment a “Non Increasing Lender”).

               (c) Notifications by Agent and Borrower. The Agent shall notify the Borrower and each
Lender of the Lenders’ responses to each request made hereunder. The Agent shall notify the
Borrower and the Lenders of the name of each Augmenting Lender and the applicable Commitment of
such Lender.

               (d) Effective Date and Allocations. If the Commitments are increased as provided in
this Section, the Agent and the Borrower shall determine the effective date (“Increase Effective
Date”) and the final allocation of such increase. The Agent shall promptly notify the Lenders of
the final allocation of such increase and the Increase Effective Date.

               (e) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the Borrower shall deliver to the Agent a satisfactory opinion of counsel to the Borrower
addressed to each Lender and counsel to the Administrative Agent, and in form and content
satisfactory to the Administrative Agent and substantially in the form issued in connection with
this Agreement, together with a certificate dated as of the Increase Effective Date (in sufficient
copies for each Lender) signed by a Responsible Officer of Borrower (i) certifying and attaching
the resolutions adopted by Borrower approving or consenting to such increase, (ii) certifying that,
before and after giving effect to such increase, (A) the representations and warranties contained
in Article IV and the other Loan Documents are true and correct on and as of the Increase Effective
Date, except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they are true and correct as of such earlier date, and except that for
purposes of this Section 2.21, the representations and warranties contained in Section 4.6 shall be
deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b),
respectively, of Section 5.2, and (B) no Event of Default or Default exists, and (iii) attaching
updated financial projections in form and substance satisfactory to the Agent demonstrating that,
before and after giving effect to such increase on a pro forma basis, the Borrower will be in
compliance with the financial covenants in Sections 6.1 and 6.2.

               (f) Commitment Adjustments. Each of the parties hereto agrees that the Agent may, in
consultation with Borrower, take any and all actions as may be reasonably necessary to ensure that
after giving effect to any increase in the Commitments pursuant to this Section, the outstanding
Revolving Loans (if any) are held by the Lenders with Commitments in accordance with their new
Applicable Percentages as shown on an updated Schedule 2.1 which will be attached to this
Agreement. This may be accomplished at the discretion of the Agent, as applicable: (i) by
requiring the outstanding Revolving Loans to be prepaid with the proceeds of the new Revolving
Loans; (ii) by causing the Non Increasing Lenders to assign portions of their outstanding Revolving
Loans to Increasing Lenders and Augmenting Lenders; (iii) by permitting the Revolving Loans
outstanding at the time of any increase in the Commitment pursuant to this Section 2.21 to remain
outstanding until the last days of the respective Interest Periods, therefor,

 

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even though the
Lenders would hold such Revolving Loans other than in accordance with their new Applicable
Percentages; or (iv) by any combination of the foregoing.

ARTICLE III. CONDITIONS TO THE CREDIT

          The Lenders’ agreement to lend, contained in this Agreement, shall be effective only upon
fulfillment of the following conditions at or prior to the date specifically set forth herein.

          3.1 No Default. (i) There not existing at the time such Loan is to be made any Event of
Default or Default and (ii) such Lender not reasonably believing that any Event of Default or
Default so exists or, if such Loan is made, will occur or exist.

          3.2 Representations and Warranties. (i) Each representation and warranty made in this
Agreement being true and correct in all material respects as of the date of this Agreement and,
except to the extent updated in a certificate executed by a Responsible Officer of Borrower and
received by each Lender before the time such Loan is to be made, as of such time, (ii) each other
representation and warranty made to any Lender by or on behalf of the Borrower pursuant to any Loan
Document before the time such Loan is to be made being true and correct in all material respects as
of the date thereof, (iii) each financial statement provided to any Lender by or on behalf of the
Borrower pursuant to any Loan Document before the time such Loan is to be made having fairly
presented the financial information it purports to reflect as of the date thereof and (iv) such
Lender not reasonably believing that (A) any such representation or warranty, except to the extent
so updated, was or is other than true and correct in all material respects as of any date or time
of determination of the truth or correctness thereof, (B) any event or condition the occurrence,
non-occurrence, existence or non-existence of which is a subject of any such representation or
warranty would have any Material Adverse Effect or (C) any such financial statement did not so
fairly present such information as of the date thereof.

          3.3 Proceedings. Such Lender being satisfied as to each corporate or other proceeding of
the Borrower or any Subsidiary in connection with any transaction contemplated by this Agreement.

          3.4 Closing Conditions. The receipt on the date of this Agreement, by the Administrative
Agent, unless otherwise indicated, of the following, in form and substance satisfactory to the
Administrative Agent and each of the Lenders:

               (a) A Revolving Loan Note payable to the order of each Lender, appropriately completed and
duly executed by the Borrower;

               (b) A request for the Revolving Loan determined by the Administrative Agent to meet the
requirements for such a request set forth in Section 2.1 of this Agreement;

 

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               (c) An Alternative Currency Note payable to the order of each Lender appropriately completed
and duly executed by the Borrower;

               (d) A Swingline Note payable to the order of the Swingline Lender appropriately completed and
duly executed by the Borrower;

               (e) An Amended and Restated Continuing, Absolute and Unconditional Guaranty Agreement in favor
of the Administrative Agent appropriately completed and duly executed by each Domestic Subsidiary,
unlimited as to amount;

               (f) (i) Amended and Restated General Security Agreements in favor of the Administrative Agent,
appropriately completed and duly executed by Borrower and each Domestic Subsidiary, covering,
together with all other personal property and fixtures of such Person, all of the issued and
outstanding shares of each class of stock and other ownership interests of Borrower and each
Guarantor in any of their respective Domestic Subsidiaries, and 65% of the issued and outstanding
Equity Interests of Borrower in Moog Europe Holdings Luxembourg SCS, and of Borrower and each
Guarantor in each other Directly-Owned Foreign Subsidiary, together with each agreement, instrument
and other writing evidencing any security covered thereby, and (ii) amended and restated negative
pledge agreements appropriately completed and duly executed by Moog Europe Holdings Luxembourg SCS,
Moog Holding GmbH & Co. KG and Moog Luxembourg Finance S.A.R.L., respectively, pledging not to make
any sale, assignment, contribution, transfer or other disposition of the Equity Interests of any of
their direct or indirect subsidiaries except as otherwise permitted under this Agreement, and
pledging not to consent to or permit the creation of any Lien upon their Equity Interests in any of
their direct subsidiaries or consent to or permit the creation of any Lien upon the Equity
Interests of any of their indirect subsidiaries except as otherwise permitted under this Agreement;

               (g) Patent and Trademark Security Agreements in favor of the Administrative Agent,
appropriately completed and duly executed by the Borrower and each Domestic Subsidiary, and a
Copyright Security Agreement in favor of the Administrative Agent, appropriately completed and duly
executed by the Borrower;

               (h) Mortgage Modification Agreements or Deed of Trust Modification Agreements and Modified
Assignments of Leases and Rents in favor of the Administrative Agent, as deemed necessary by the
Administrative Agent, appropriately completed and duly executed by, as required, the Borrower or
the applicable Subsidiary in order to continue the existing liens on real property of the Borrower
and certain Subsidiaries on the properties described in part B of the Background Section of this
Agreement;

               (i) Satisfactory updated title searches or title insurance policy endorsements to the existing
title insurance policies issued to the Administrative Agent relating
to the real property covered by the Mortgages, Deeds of Trust and Assignments of Leases and
Rents referred to in Section 3.4(h);

 

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               (j) An opinion of Hodgson Russ LLP, counsel to the Borrower, addressed to each Lender and
counsel to the Administrative Agent, and in form and content satisfactory to the Administrative
Agent, substantially in the form of the opinion issued in connection with the 2006 Agreement;

               (k) Evidence that each of the Borrower and all Domestic Subsidiaries are (i) in good standing
under the Law of the jurisdiction in which it is organized and (ii) duly qualified and in good
standing as a foreign Person of its type authorized to do business in each jurisdiction in which
such qualification is necessary except where the failure to so qualify would not have any Material
Adverse Effect;

               (l) A copy of the certificate or articles of incorporation or organization, by-laws, operating
or partnership agreement or other charter, organizational or governing document of each of the
Borrower and all Domestic Subsidiaries certified by its Secretary, or a Person having functions
with respect to it similar to those of the Secretary of a corporation, to be complete and accurate;

               (m) Evidence of the taking and the continuation in full force and effect of each corporate or
other action of the Borrower or any other Person necessary to authorize the obtaining of all Loans
by the Borrower, the execution, delivery and performance of each Loan Document by each Person other
than any Lender and the imposition or creation of each security interest, mortgage and other lien
and encumbrance imposed or created pursuant to any Loan Document;

               (n) Evidence (i) that no asset subject to any mortgage, security interest or other lien or
encumbrance pursuant to any Security Document is subject to any other security interest, mortgage
or other lien or encumbrance, except for Permitted Encumbrances, and (ii) of the making of each
recording and filing, and of the taking of each other action, deemed necessary or desirable by the
Administrative Agent at the sole option of the Administrative Agent to perfect or otherwise
establish, preserve or protect the priority of any such security interest, mortgage or other lien
or encumbrance;

               (o) Evidence that each requirement contained in any Loan Document with respect to insurance is
being met;

               (p) Each additional agreement, instrument and other writing (including, but not limited to,
each agreement, instrument and other writing intended to be filed or recorded with any Governmental
Authority) to perfect or otherwise establish, preserve or protect the priority of any security
interest, mortgage or other lien or encumbrance created or imposed pursuant to any Loan Document;
and

               (q) Receipt by the Administrative Agent of an Omnibus Assignment Agreement in form and content
satisfactory to the Administrative Agent whereby each of the lenders under the 2006 Agreement
assigns to the Administrative Agent the indebtedness owed to

 

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them by Borrower and endorses and
delivers to the Administrative Agent the notes evidencing such indebtedness.

Payment of all costs and expenses incurred as of the Closing Date by the Administrative Agent and
payable pursuant to Section 9.1 of this Agreement.

          3.5 Conditions to Subsequent Borrowing and Issuance. The obligation of the appropriate
Lender to make a Loan to Borrower or issue or renew a Letter of Credit (collectively, “Issuance”)
and the right of the Borrower to request a Loan or Issuance after the date of this Agreement shall
each be subject to the further conditions that on the date of the making of such Loan or such
Issuance:

               (a) Each of the conditions listed in Section 3.4 shall have been satisfied or waived in
accordance with this Agreement.

               (b) The following statements shall be true and the Administrative Agent shall have received a
Request Certificate signed by a Responsible Officer of Borrower dated the date of such Loan or
Issuance stating that:

                    (i) there does not exist at the time such Loan or Issuance is to be made any Event of Default,
Default or Material Adverse Effect;

                    (ii) each representation and warranty made in this Agreement and any Loan Document to which
the Borrower is a party and in any certificate, document or financial or other statement furnished
at any time thereunder is true, correct and complete in all material respects with the same effect
as though such representations and warranties had been made as of the time such Loan or Issuance is
to be made, except to the extent any such representation and warranty relates solely to an earlier
date, or to the extent any such representation and warranty has been updated in a certificate
executed by a Responsible Officer and received by the Administrative Agent before the time such
Loan or Issuance is to be made;

                    (iii) the incurrence of such Loan or Issuance is permitted by the terms of the Current
Indentures and will constitute Senior Debt and Designated Senior Debt under, and as defined in, the
Current Indentures; and

               (c) The Administrative Agent shall have received such other approvals, opinions or documents
as the Administrative Agent may reasonably, in both time and scope, request, and all legal matters
incident to such Loan or Issuance shall be satisfactory to counsel to the Administrative Agent.

          3.6 Subsequent Extensions of Credit. Subsequent to the satisfaction of the conditions set forth herein, each request to the
Administrative Agent for a Revolving Loan, Alternative Currency Loan, Swingline Loan or Letter of
Credit after the date hereof shall constitute confirmation by the Borrower of all the factual
matters set forth in the form of

 

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Compliance Certificate as of the date of such request in the same
manner as if a written Compliance Certificate had been delivered, and such factual matters shall be
true in all material respects on the date such Revolving Loan, Swingline Loan, Alternative Currency
Loan or Letter of Credit is made or issued. No Revolving Loan, Swingline Loan, Alternative
Currency Loan or Letter of Credit shall be made if such certification is not made without
qualification.

ARTICLE IV. REPRESENTATIONS AND WARRANTIES

          The Borrower makes the following representations and warranties:

          4.1 Corporate Status. Borrower, each Guarantor and each other Subsidiary is a duly
organized or formed and validly existing corporation, partnership or limited liability company, as
the case may be, and in good standing or in full force and effect under the laws of its
jurisdiction of organization; has powers and authority to transact the business in which it is
engaged; is duly licensed or qualified and in good standing in each jurisdiction in which the
conduct of such business requires such licensing or such qualification except where the failure to
do so has not had or will not have a Material Adverse Effect; and has all necessary power and
authority to enter into this Agreement and to execute, deliver and perform this Agreement, the
Notes, the other Loan Documents and any other document executed in connection with this Agreement
to which it is a party, all of which have been duly authorized by all proper and necessary entity
and shareholder action. Schedule 4.1 hereto lists, as of the Closing Date, each Subsidiary and the
direct and indirect ownership interests of the Borrower therein.

          4.2 Valid and Binding Obligation. This Agreement, the Notes, the Loan Documents, and any
other document executed in connection herewith to which Borrower, any Guarantor or other Subsidiary
is a party, constitutes the legal, valid and binding obligations of the Borrower, such Guarantor or
other Subsidiary a party thereto, enforceable in accordance with their respective terms, except as
enforceability (i) may be limited by state, provincial or federal bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting the rights of creditors generally and
(ii) may be subject to equity principles in the event equitable remedies are sought.

          4.3 No Pending Litigation. Except as set forth on Schedule 4.3 of this Agreement, there
are not any actions, suits, proceedings (whether or not purportedly on behalf of Borrower, any
Guarantor or any other Subsidiary) or investigations pending or, to the knowledge of Borrower, such
Guarantor or any
other Subsidiary, threatened against Borrower, such Guarantor or any Subsidiary or any basis
therefore, which, in any case or in the aggregate, have had or will have a Material Adverse Effect,
or which question the validity of this Agreement, the Notes, any other Loan Documents, or any other
documents required by this Agreement, or any action taken or to be taken pursuant to any of the
foregoing.

          4.4 No Consent or Filing. No consent, license, approval or authorization of, or
registration, declaration or filing with, any court, Governmental Authority or other Person or
entity is required in connection with the valid execution, delivery or performance of this

 

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Agreement, the Notes, any other Loan Documents, or any other documents required by this Agreement
to which Borrower or any Subsidiary is a party, or in connection with any of the transactions
contemplated thereby other than the filing of financing statements and the recording of mortgages
or deeds of trust on any Collateral which filings and recordings were made prior to the Closing
Date.

          4.5 No Violations. The execution and delivery of, and to the best of Borrower’s knowledge,
the performance of, the Loan Documents, will not violate any term of its certificate of
incorporation, by-laws, or of any mortgage, borrowing agreement or other material instrument or
agreement pertaining to Indebtedness for borrowed money, the violation of which has had or will
have a Material Adverse Effect, and will not result in the creation of any Lien upon any properties
or assets except in favor of Administrative Agent and the Lenders, except for such Lien that has
not had or will not have a Material Adverse Effect. The execution, delivery, and to the best of
Borrower’s knowledge, the performance of the other Loan Documents to which each Guarantor or
Subsidiary is a party will not violate any term of its certificate of incorporation, partnership,
articles of association, operating agreement or by-laws, or of any mortgage, borrowing agreement or
other material instrument or agreement pertaining to Indebtedness for borrowed money, the violation
of which has had or will have a Material Adverse Effect. To the best of Borrower’s knowledge,
neither Borrower, any Guarantor nor any Subsidiary is in violation of any term of any other
indenture, instrument or agreement to which it is a party or by which it may be bound, the
violation of which has had or will have a Material Adverse Effect. Neither Borrower, any Guarantor
nor any Subsidiary is in violation of any order, writ, judgment, injunction or decree of any court
of competent jurisdiction or, of any statute, rule or regulation of any competent governmental
authority, the violation of which has had or will have a Material Adverse Effect.

          4.6 Financial Statements. Borrower has furnished to the Administrative Agent and the
Lenders Borrower’s quarterly report on Form 10-Q dated January 1, 2011 as filed with the SEC (“Form
10-Q”) showing the financial condition of Borrower as of such date, which document presents fairly
the financial position of Borrower and its Subsidiaries as of such date and the results of its
operations and
changes in its financial position for such period then ended and has been prepared in conformity
with GAAP applied on a basis consistent with that of similar periods for preceding years.

          4.7 No Material Adverse Change. Since January 1, 2011, there has been no change in the
financial or other condition, business affairs or prospects of Borrower and Borrower’s Subsidiaries
taken as a whole, or their properties and assets considered as an entirety, except for changes none
of which, individually or in the aggregate, has had or will have, a Material Adverse Effect.

          4.8 Tax Returns and Payments. The Borrower and its Subsidiaries have filed all federal
income tax returns. The Borrower and its Subsidiaries have filed all other tax returns, domestic
and foreign, required to be filed by it and has paid all taxes and assessments payable by it that
have become due, other than those not yet delinquent and except for those

 

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contested in good faith
and except where the failure to so file has not had or will not have a Material Adverse Effect.
The Borrower and its Subsidiaries have established on its books such charges, accruals and reserves
in respect of taxes, assessments, fees and other governmental charges for all fiscal periods as are
required by GAAP. Neither the Borrower nor any Subsidiary knows of any proposed assessment for
additional federal, foreign or state taxes for any period, or of any basis therefor, which,
individually or in the aggregate, taking into account such charges, accruals and reserves in
respect thereof as the Borrower and any Subsidiary has made, has had or will have a Material
Adverse Effect.

          4.9 Title to Properties, etc. The Borrower and its Subsidiaries have good and marketable
title, in the case of real property, and good title (or valid leaseholds, in the case of any leased
property), in the case of all other property, to all of its properties and assets free and clear of
Liens other than Permitted Encumbrances. The interests of the Borrower and any Subsidiary in the
properties reflected in the most recent balance sheet referred to in Section 4.7, taken as a whole,
were sufficient, in the judgment of the Borrower, as of the date of such balance sheet for purposes
of the ownership and operation of the businesses conducted by the Borrower and any Subsidiary.

          4.10 Lawful Operations, etc. The Borrower and its Subsidiaries: (i) hold all necessary
foreign, federal, state, local and other governmental licenses, registrations, certifications,
permits and authorizations necessary to conduct its business, except to the extent the failure to
so hold has not and will not have a Material Adverse Effect; and (ii) are in full compliance with
all requirements imposed by law, regulation or rule, whether foreign, federal, state or local, that
are applicable to it, its operations, or its properties and assets, including, without limitation,
applicable requirements of Environmental Laws, except for any failure to obtain and maintain in
effect, or noncompliance that, individually or in the aggregate, has had or will have a Material
Adverse Effect.

          4.11 Environmental Matters. (a) The Borrower and its Subsidiaries are in compliance with
all Environmental Laws, except to the extent that any such failure to comply (together with any
resulting penalties, fines or forfeitures) have not had or will not have a Material Adverse Effect.
All licenses, permits, registrations or approvals required for the conduct of the business of the
Borrower and any Subsidiary under any Environmental Law have been secured and the Borrower and its
Subsidiaries are in substantial compliance therewith, except for such licenses, permits,
registrations or approvals the failure to secure or to comply therewith has not had or will not
have a Material Adverse Effect. Neither the Borrower nor any Subsidiary has received written
notice, or otherwise knows, that it is in any respect in noncompliance with, breach of or default
under any applicable writ, order judgment, injunction, or decree to which the Borrower or such
Subsidiary is a party or that would affect the ability of the Borrower or such Subsidiary to
operate any real property and no event has occurred and is continuing that, with the passage of
time or the giving of notice or both, would constitute noncompliance, breach of or default
thereunder, except in each such case, such noncompliance, breaches or defaults, in the aggregate,
have not had or will not have a Material Adverse Effect. There are no claims under any
Environmental Laws (“Environmental Claim”) pending or to the

 

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knowledge of Borrower, threatened
which have had or will have a Material Adverse Effect. There are no facts, circumstances,
conditions or occurrences on any real property now or at any time owned, leased or operated by the
Borrower or any Subsidiary or on any property adjacent to any such real property, that are known by
the Borrower or as to which the Borrower or any such Subsidiary has received written notice, that
could reasonably be expected: (i) to form the basis of any Environmental Claim against the
Borrower or any Subsidiary or any real property of the Borrower or any Subsidiary; or (ii) to cause
such real property to be subject to any restrictions on the ownership, occupancy, use or
transferability of such real property under any Environmental Law, except in each such case, such
Environmental Claims or restrictions that individually or in the aggregate have not had and will
not have a Material Adverse Effect.

               (b) Hazardous Substances have not at any time been (i) generated, used, treated or stored on,
or transported to and from any real property of the Borrower or any Subsidiary or (ii) released on
any such real property, in each case where such occurrence or event is not in compliance with
Environmental Laws and has had or will have a Material Adverse Effect.

          4.12 Compliance with ERISA. Compliance by the Borrower with the provisions hereof and in
the incurrence of the Indebtedness under this Agreement will not involve any prohibited transaction
within the meaning of ERISA or Section 4975 of the Code. The Borrower and their Subsidiaries (i)
have fulfilled all obligations under minimum funding standards of ERISA and the Code with respect
to each Pension Plan, (ii) have satisfied all respective contribution obligations in respect of
each Multiemployer Plan and each Multiple Employer Plan, (iii) are in compliance with all other
applicable provisions of ERISA and the Code with respect to each Pension Plan, each
Multiemployer Plan and each Multiple Employer Plan, except to the extent failure to comply has not
had, and will not have, a Material Adverse Effect and (iv) have not incurred any liability under
the Title IV of ERISA to the PBGC with respect to any Pension Plan, any Multiemployer Plan, any
Multiple Employer Plan, or any trust established thereunder. No Pension Plan or trust created
thereunder has been terminated. There has been no Reportable Event with respect to any Pension
Plan or trust created thereunder or with respect to any Multiemployer Plan or Multiple Employer
Plan, which Reportable Event will or could result in the termination of such Pension Plan,
Multiemployer Plan or Multiple Employer Plan and give rise to a material liability of the Borrower
or any ERISA Affiliate in respect thereof. Neither Borrower nor any ERISA Affiliate is at the date
of this Agreement, or has been at any time within the two years preceding the date of this
Agreement, an employer required to contribute to any Multiemployer Plan or Multiple Employer Plan,
or a “contributing sponsor” (as such term is defined in Section 4001 of ERISA) in any Multiemployer
Plan or Multiple Employer Plan. Neither the Borrower nor any ERISA Affiliate has any contingent
liability with respect to any post-retirement “welfare benefit plan” (as such term is defined in
ERISA) except as has been disclosed in accordance with GAAP in the financial statements delivered
to the Lenders in accordance with this Agreement.

          4.13 Investment Company Act, etc. Neither the Borrower nor any Subsidiary is subject to
regulation with respect to the creation or incurrence of Indebtedness under the

 

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Investment Company
Act of 1940, as amended, the Interstate Commerce Act, as amended, the Federal Power Act, as
amended, the Energy Policy Act of 2005, as amended, or any applicable state public utility law.

          4.14 Insurance. The Borrower and its Subsidiaries maintain insurance coverage by such
insurers and in such forms and amounts and against such risks as are generally consistent with
industry standards and in each case in compliance with the terms of the Loan Documents.

          4.15 Burdensome Contracts; Labor Relations. Neither the Borrower nor any Subsidiary (a) is
subject to any burdensome contract, agreement, corporate restriction, judgment, decree or order,
(b) is a party to any labor dispute affecting any bargaining unit or other group of employees
generally, (c) is subject to any strike, slowdown, walk out or other concerted interruptions of
operations by employees of the Borrower or any Subsidiary, whether or not relating to any labor
contracts, (d) is subject to any pending or, to the knowledge of the Borrower, threatened, unfair
labor practice complaint, before the National Labor Relations Board, (e) is subject to any pending
or, to the knowledge of the Borrower, threatened grievance or arbitration proceeding arising out of
or under any collective bargaining agreement, (f) is subject to any significant pending or, to the
knowledge of the Borrower, threatened strike, labor dispute, slowdown or stoppage, or (g) is, to
the knowledge of the Borrower, involved or subject to any union representation organizing or
certification matter with respect to the employees of the Borrower or any Subsidiary, except (with
respect to any matter
specified in any of the above clauses) for such matters as, individually or in the aggregate, which
have not had or will not have a Material Adverse Effect.

          4.16 Liens. Once executed and delivered, each of the Security Documents creates, as
security for the Secured Obligations or the obligations of the Guarantors under their respective
Guaranties, a valid and enforceable, and upon making the filings and recordings referenced in the
next sentence, perfected Lien on all of the Collateral subject thereto from time to time, in favor
of the Administrative Agent for the benefit of the Secured Facility Parties, superior to and prior
to the rights of all third persons and subject to no other Liens, except that the Collateral under
the Security Documents may be subject to Permitted Encumbrances. No filings or recordings are
required under U.S. Law in order to perfect the Liens created under any Security Document except
for filings or recordings required in connection with any such Security Document that shall have
been made, or for which satisfactory arrangements have been made, upon or prior to the execution
and delivery thereof. All recording, stamp, intangible or other similar taxes required to be paid
by any Person under applicable legal requirements or other laws applicable to the property
encumbered by the Security Documents in connection with the execution, delivery, recordation,
filing, registration, perfection or enforcement thereof have been paid.

          4.17 Defaults. No Default or Event of Default exists as of the Closing Date hereunder, nor
will any Default or Event of Default begin to exist immediately after the execution and delivery
hereof.

 

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          4.18 Anti-Terrorism Law Compliance. Neither the Borrower nor any Subsidiary is subject to
or in violation of any law, regulation, or list of any governmental agency (including, without
limitation, the U.S. Office of Foreign Asset Control list, Executive Order No. 13224 or the USA
Patriot Act) that prohibits or limits the conduct of business with or the receiving of funds, goods
or services to or for the benefit of certain Persons specified therein or that prohibits or limits
any Lender or the Issuing Bank from making any advance or extension of credit to Borrower or from
otherwise conducting business with Borrower.

          4.19 Intellectual Property. Each of the Borrower, the Guarantors and other Subsidiaries
owns, or is licensed to use, all trademarks, tradenames, service marks, copyrights, technology,
know-how and process necessary for the conduct of its business as currently conducted
(collectively, the “Intellectual Property”) except for those the failure to own or license which
has not had or will not have a Material Adverse Effect. No claim has been asserted and is pending
by any person challenging or questioning the use by the Borrower, any Guarantor or any other
Subsidiaries of any such Intellectual Property or the validity or effectiveness of any such
Intellectual Property, nor does Borrower, any Guarantor or any other Subsidiaries know of any valid
basis for any such claim, to
the knowledge of the Borrower the use of such Intellectual Property by the Borrower, any Guarantors
and any other Subsidiaries does not infringe on the rights of any Person, and, to the knowledge of
the Borrower, no such Intellectual Property of the Borrower, any Guarantor and any other
Subsidiaries has been infringed, misappropriated or diluted by any other Person except for such
claims, infringements, misappropriation and dissolution that, in the aggregate, has not had or will
not have a Material Adverse Effect.

          4.20 Accuracy of Information, etc. No statement or information contained in this
Agreement, any other Loan Document, the Confidential Information Materials or any other certificate
furnished by or on behalf of Borrower or the Guarantors to the Administrative Agent or the Lenders,
or any of them, for use in connection with the transactions contemplated by this Agreement or the
other Loan Documents, contained as of the date such statement, information or certificate was so
furnished (or, in the case of the Confidential Information Materials, as of the date of this
Agreement), any untrue statement of a material fact or omitted to state a material fact necessary
to make the statements contained herein or therein not misleading in any material respect. The
financial statements contained in the materials referenced above, in conformity with GAAP, require
management to make estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting periods. In addition, the
projections and pro forma financial information contained in the materials referenced above are not
guarantees of future performance and are subject to factors, risks and uncertainties, the impact or
occurrence of which could cause actual results to differ materially from the expected results
described in the projections and pro forma financial information. Certain of those factors, risks
and uncertainties are referred to in Borrower’s Form 10-Q, filed on January 1, 2011.

 

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          4.21 Subordinated Indebtedness. This Agreement constitutes the “Credit Agreement”, and the
Indebtedness under this Agreement constitutes “Senior Debt” and “Designated Senior Debt” under, and
as defined in, the Current Indentures.

ARTICLE V. AFFIRMATIVE COVENANTS

          During the term of this Agreement, and so long thereafter as any Indebtedness of Borrower to
the Administrative Agent or the Lenders shall remain unpaid, including any Indebtedness for fees
and expenses, Borrower will and shall cause each of its Subsidiaries to:

          5.1 Payments. Duly and punctually pay the principal of, interest on, and all fees,
expenses and charges on, all Indebtedness incurred by Borrower pursuant to this Agreement in the
manner set forth in this
Agreement, and duly and punctually pay to the Administrative Agent the arrangement fee and annual
agency fee as and when due under the terms of the Fee Letter.

          5.2 Reporting Requirements. Furnish to the Administrative Agent:

               (a) Annual Financial Statements. As soon as available and in any event within ninety
(90) days after the end of each fiscal year of Borrower, (i) audited Consolidated financial
statements of Borrower and Borrower’s Subsidiaries as of the end of such year, fairly presenting
Borrower’s financial position, which statements shall consist of a balance sheet and related
statements of income, stockholders’ equity, and cash flow covering the period of Borrower’s
immediately preceding fiscal year, in each case setting forth comparative figures for the
preceding fiscal year, all in reasonable detail and prepared in accordance with GAAP, and such
audited Consolidated financial statements to be accompanied by (a) a report and opinion of a
Registered Public Accounting Firm of nationally recognized standing reasonably acceptable to the
Administrative Agent, which report and opinion shall be prepared in accordance with generally
accepted auditing standards and applicable Securities Laws and shall not be subject to any “going
concern” or like qualification or exception or any qualification or exception as to the scope of
such audit or with respect to the absence of any material misstatement and (b) an opinion of such
Registered Public Accounting Firm independently assessing the Borrower’s internal controls over
financial reporting in accordance with Item 308 of SEC Regulation S-K, Public Company Accounting
Oversight Board Auditing Standard No. 2, and Section 404 of the Sarbanes-Oxley Act of 2002
expressing a conclusion that contains no statement that there is a material weakness in such
internal controls, except for such material weaknesses as to which the Administrative Agent does
not object, and such financial statements to be certified by the chief executive officer, chief
financial officer, treasurer or controller of the Borrower to the effect that such statements are
fairly stated in all material respects when considered in relation to the Consolidated financial
statements of the Borrower and its Subsidiaries; and (ii) internally prepared Consolidating
financial statements of Borrower and Borrower’s Subsidiaries as of the end of such year which
statements shall consist of a balance sheet and related statements of income covering the period
of Borrower’s immediately preceding fiscal year, all in reasonable detail.

 

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               (b) Quarterly Financial Statements. As soon as available and in any event within
forty-five (45) days after the close of the first three fiscal quarters in each fiscal year of
Borrower, the unaudited Consolidated balance sheets of Borrower and Borrower’s Consolidated
Subsidiaries as at the end of such quarterly period and the related unaudited Consolidated
statements of income and of cash flows for such quarterly period and/or for the fiscal year to
date, and setting forth, in the case of such unaudited Consolidated statements of income,
comparative figures for the related periods in the prior fiscal year, to be certified by a
Financial Officer of Borrower, on behalf of Borrower, to be in accordance with the records of
Borrower and each Subsidiary and to present fairly taken as a whole the results of the operations
of Borrower and all Subsidiaries for, as applicable, such fiscal quarter, and the
financial position of Borrower and all Subsidiaries as of the end of such fiscal quarter,
subject to changes resulting from normal year-end audit adjustments.

               (c) Officer’s Compliance Certificates. At the time of the delivery of the financial
statements provided for in Sections 5.2(a) and (b), a certificate (“Compliance Certificate”), in
substantially the form attached hereto as Exhibit E, on behalf of Borrower by a Financial Officer
to the effect that (i) no Default or Event of Default exists or, if any Default or Event of
Default does exist, specifying the nature and extent thereof and the actions the Borrower propose
to take with respect thereto, and (ii) the representations and warranties of the Borrower are true
and correct in all material respects, except to the extent that any relate to an earlier specified
date, in which case, such representations shall be true and correct in all material respects as
the date made, which certificate shall set forth the calculations required to establish compliance
with the provisions of Sections 6.1, 6.2, and 6.3.

               (d) Annual Budget. Within ninety (90) days after the start of each fiscal year of
Borrower, a Consolidated budget for Borrower and its Subsidiaries for such fiscal year consisting
of a balance sheet and income statement, all in reasonable detail.

               (e) Notices. Promptly, and in any event within three (3) Business Days after
Borrower or any Subsidiary obtains knowledge thereof, notice of:

                    (i) the occurrence of any event that constitutes a Default or Event of Default, which notice
shall specify the nature thereof, the period of existence thereof and what action the Borrower
proposes to take with respect thereto; or

                    (ii) the commencement of, or any other material development concerning any litigation or
governmental or regulatory proceeding pending against the Borrower or any Subsidiary or the
occurrence of any other event, if the same has had or will have a Material Adverse Effect.

               (f) ERISA. Promptly, and in any event within ten (10) Business Days after Borrower
or any Subsidiary knows of the occurrence of any of the following, the Borrower will deliver to
each of the Lenders a certificate by a Responsible Officer setting forth the full details as to
such occurrence and the action, if any, that Borrower or such Subsidiary is required or proposes
to take, together with any notices required or proposed to be given to or

 

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filed with or by
Borrower or the Subsidiary, the PBGC, a Pension Plan participant or the Pension Plan administrator
with respect thereto (i) the occurrence of a Reportable Event with respect to any Pension Plan;
(ii) the institution of any steps by Borrower, any Subsidiary, the PBGC or any other Person to
terminate any Pension Plan; (iii) the institution of any steps by Borrower or any Subsidiary to
withdraw from any Pension Plan; (iv) the institution of any steps by Borrower or any Subsidiary to
withdraw from any Multiemployer Plan or Multiple Employer Plan, if such withdrawal could result in
withdrawal liability (as described in Part 1 of Subtitle E of Title IV of ERISA) in excess of
$25,000,000; (v) the occurrence of a non-exempt “prohibited transaction” within the meaning of
Section 406 of ERISA in connection with any Pension Plan; (vi) a determination that a Pension Plan
has an unfunded current liability
exceeding $25,000,000; or (vii) the taking of any material action by, or the threatening of
the taking of any material action by, the Internal Revenue Service, the Department of Labor or the
PBGC with respect to any of the foregoing.

               (g) Environmental Matters. Promptly upon, and in any event within ten (10) Business
Days after, an officer of Borrower or any Subsidiary obtaining knowledge thereof, notice of one or
more of the following environmental matters to the extent any of the following has had or will
have a Material Adverse Effect: (i) any pending or threatened Environmental Claim against the
Borrower or any Subsidiary or any real property owned or operated by the Borrower or any
Subsidiary; (ii) any condition or occurrence on or arising from any real property owned or
operated by the Borrower or any Subsidiary that (A) results in noncompliance by the Borrower or
any Subsidiary with any applicable Environmental Law or (B) would reasonably be expected to form
the basis of an Environmental Claim against the Borrower or any Subsidiary or any such real
property; (iii) any condition or occurrence on any real property owned, leased or operated by the
Borrower or any Subsidiary that could reasonably be expected to cause such real property to be
subject to any restrictions on the ownership, occupancy, use or transferability by the Borrower or
any Subsidiary of such real property under any Environmental Law; and (iv) the taking of any
removal or remedial action in response to the actual or alleged presence of any Hazardous Material
on any real property owned, leased or operated by the Borrower or any Subsidiary as required by
any Environmental Law or any governmental or other administrative agency. All such notices shall
describe in reasonable detail the nature of the Environmental Claim, Borrower’s or any
Subsidiary’s response thereto and the potential exposure in Dollars of the Borrower and any
Subsidiary with respect thereto.

               (h) SEC Reports and Registration Statements. Promptly after transmission thereof or
other filing with the SEC, copies of all registration statements and all annual or quarterly
reports that Borrower or any of its Subsidiaries is required to file with the SEC on Form 10-K or
10-Q or 8-K (or any successor forms).

               (i) Annual, Quarterly and Other Reports. Promptly after transmission thereof to its
stockholders, copies of each annual, quarterly and other reports and all proxy statements that
Borrower furnishes to its stockholders generally.

 

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               (j) Other Notices. Promptly after the transmission or receipt thereof, as
applicable, copies of all material notices received or sent by Borrower or any Subsidiary to or
from a holder of any Material Indebtedness or any trustee with respect thereto.

               (k) Other Information. Promptly, but in any event within ten (10) days after a
request therefore, such other information or documents (financial or otherwise) related to the
Borrower or any Subsidiary as the Administrative Agent or any Lender may reasonably request from
time to time, subject to any applicable Law that restricts, or any applicable agreement with any
Person other than all Subsidiaries and Affiliates that in good faith restricts, the disclosure of
such information.

               (l) Confidential Information. (i) Each Credit Party agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed
(A) to such Credit Party’s Affiliates and to the respective partners, directors, officers,
employees, agents, advisors and other representatives of such Credit Party or such Credit Party’s
Affiliates (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 such Credit Party, (C) to the extent required by applicable laws or regulations
or by any subpoena or similar legal process, (D) to any other party hereto, (E) in connection with
the exercise of any remedies hereunder or under any other Loan Document or any action or
proceeding relating to this Agreement or any other Loan Document or the enforcement of rights
hereunder or thereunder, (F) subject to an agreement containing provisions substantially the same
as those of this Section 5.2(l), to (x) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or (y) any
actual or prospective counterparty (or its advisors) to any Hedge Agreement, (G) to Gold Sheets
and other similar bank trade publications, such information to consist of deal terms and other
information customarily found in such publications, (H) with the consent of the Borrower or (I) to
the extent such Information (x) becomes publicly available other than as a result of a breach of
this Section 5.2(l) or (y) becomes available to any Credit Party or any of their respective
Affiliates on a non-confidential basis from a source other than the Borrower or the Borrower’s
Subsidiaries.

                    (ii) For purposes of this Section 5.2(l), “Information” means all information received from
the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any
of their respective businesses, other than any such information that is available to the
Administrative Agent or any other Credit Party on a non-confidential basis prior to disclosure by
the Borrower or any Subsidiary.

               (m) Electronic Delivery. Documents required to be delivered pursuant to this Section
5.2 (to the extent any such documents are included in materials otherwise filed with the SEC) may
be delivered electronically and if so delivered, shall be deemed to have been delivered on the
date (i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s
website on the Internet at moog.com; or (ii) on which

 

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such documents are posted on the Borrower’s
behalf on an Internet or intranet website, if any, to which each Lender, the Issuing Bank and the
Administrative Agent has access (whether a commercial, third-party website or whether sponsored by
the Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such
documents to the Administrative Agent, Issuing Bank or any Lender that requests in writing that
the Borrower deliver such paper copies until a written request to cease delivering paper copies is
given by the Administrative Agent, Issuing Bank or such Lender and (ii) the Borrower shall notify
the Administrative Agent (by telecopier or electronic mail) of the posting of any such documents
and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies)
of such documents. The Administrative Agent shall have no obligation to request the delivery or
to maintain paper copies of the documents referred to above, and in any event shall have no
responsibility to monitor compliance by the Borrower with any such request for delivery, and
the Lender and the Issuing Bank shall be solely responsible for requesting delivery to it or
maintaining its copies of such documents.

          The Borrower hereby acknowledges that (i) the Administrative Agent and/or the Arranger will
make available to the Lenders and the Issuing Bank materials and/or information provided by or on
behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower
Materials on IntraLinks or another similar electronic system (the “Platform”) and (ii) certain of
the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material
non-public information with respect to the Borrower or its securities) (each, a “Public Lender”);
provided, however, that each Public Lender shall identify at least one employee who may receive
material non-public information with respect to the Borrower or its securities. The Borrower
hereby agrees that (A) all Borrower Materials that are to be made available to Public Lenders shall
be clearly and conspicuously marked “PUBLIC” by the Borrower which, at a minimum, shall mean that
the word “PUBLIC” shall appear prominently on the first page thereof; (B) by marking Borrower
Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the
Arranger, the Issuing Bank and the Lenders to treat such Borrower Materials as not containing any
material non-public information with respect to the Borrower or its securities for purposes of
United States Federal and state securities laws; (C) all Borrower Materials marked “PUBLIC” are
permitted to be made available through a portion of the Platform designated “Public Investor;” and
(D) the Administrative Agent and the Arranger shall be entitled to treat any Borrower Materials
that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not
designated “Public Investor” and the Administrative Agent, the Issuing Bank and the Lenders agree
not to trade securities on the basis of any Borrower Materials that are posted on the Platform and
are not marked “PUBLIC.” Notwithstanding the foregoing, the Borrower shall be under no obligation
to mark any Borrower Materials “PUBLIC.”

          5.3 Books, Records and Inspections. Upon the reasonable prior request of the
Administrative Agent or the Required Lenders and subject to (i) any applicable Law that restricts,
or any applicable agreement with any Person other than all Subsidiaries and Affiliates that in good
faith restricts, the disclosure of any information obtained pursuant to such request and (ii) the
maintenance of the confidentiality of any such information by each Lender in

 

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accordance with
Section 5.2(l), promptly permit each officer, employee, accountant, attorney and other agent of
each Lender to, without unreasonably disrupting the business or operations of the Borrower or such
Domestic Subsidiary, (A) visit and inspect each of the premises of the Borrower and each Domestic
Subsidiary, (B) subject to, if reasonably requested by the Borrower, the execution and delivery of
a confidentiality agreement similar to those generally used in significant corporate acquisitions
and mergers, examine, audit, copy and extract each record of the Borrower and each Domestic
Subsidiary and (C) discuss the business, operations, assets, affairs and condition (financial or
other) of the Borrower and each Domestic Subsidiary with each responsible officer of the Borrower
and each Domestic Subsidiary and each independent accountant of the Borrower and each Domestic
Subsidiary.

          5.4 Insurance. (a) The Borrower will, and will cause each Subsidiary to (i) maintain
insurance coverage by such insurers and in such forms and amounts and against such risks as are
generally consistent with industry standards, and (ii) forthwith upon the Administrative Agent’s or
any Lender’s written request, furnish to the Administrative Agent or such Lender such information
about such insurance as the Administrative Agent or such Lender may from time to time reasonably
request, which information shall be prepared in form and detail satisfactory to the Administrative
Agent or such Lender and certified by a Responsible Officer.

               (b) The Borrower will, and will cause each of the Guarantors to, at all times keep their
respective property that is subject to the Lien of any of the Loan Documents insured in favor of
the Administrative Agent, and all policies or certificates (or certified copies thereof) with
respect to each insurance (and any other insurance maintained by the Borrower or any such
Subsidiary) shall be endorsed to the Administrative Agent’s reasonable satisfaction for the benefit
of the Administrative Agent (including, without limitation, by naming the Administrative Agent as a
lender’s loss payee and mortgagee (with respect to Collateral) or, to the extent permitted by
applicable law, as an additional insured as its interests may appear). The Borrower shall deliver
to the Administrative Agent contemporaneously with the expiration or replacement of any policy of
insurance required to be maintained by this Agreement a certificate as to the new or renewal
policy. The Borrower shall advise the Administrative Agent promptly upon the cancellation,
material reduction or material amendment of any policy. If requested to do so by the
Administrative Agent at any time, the Borrower shall deliver copies of all insurance policies
maintained by the Borrower as required by this Agreement. The Administrative Agent shall deliver
copies of any certificates of insurance to a Lender upon such Lender’s reasonable request.

               (c) If the Borrower or any Guarantor shall fail to maintain any insurance in accordance with
this Section, or if Borrower or any Guarantor shall fail to so endorse and deliver or deposit all
endorsements or certificates with respect thereto, the Administrative Agent shall have the right
(but shall be under no obligation), upon prior written notice to the Borrower to procure such
insurance and the Borrower agree to reimburse the Administrative Agent on demand for all costs and
expenses of procuring such insurance.

 

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          5.5 Payment of Taxes and Claims. The Borrower will pay and discharge, and will cause each
Subsidiary to pay and discharge, all taxes, assessments and governmental charges or levies imposed
upon it or upon its income or profits, or upon any properties belonging to it, prior to the date on
which penalties attach thereto, and all lawful claims that, if unpaid, will become a Lien or charge
upon any properties of the Borrower or any Subsidiary; provided, however, that
neither the Borrower nor any Subsidiary shall be required to pay any such tax, assessment, charge,
levy or claim that is being contested in good faith and by proper proceedings if it has maintained
adequate reserves with respect thereto in accordance with GAAP. Without limiting the generality of
the foregoing, the Borrower will, and will cause each Subsidiary to, pay in full all of its wage
obligations to its employees in
accordance with the Fair Labor Standards Act (29 U.S.C. Sections 206-207) and any comparable
provisions of applicable law, except where the failure to do so has not had and will not have a
Material Adverse Effect.

          5.6 Corporate Franchises. The Borrower will do, and will cause each Subsidiary to do, or
cause to be done, all things necessary to preserve and keep in full force and effect its corporate,
partnership or limited liability company existence, rights and authority; provided,
however, that nothing in this Section shall be deemed to prohibit any transaction permitted
by Section 7.8.

          5.7 Good Repair. The Borrower will, and will cause each Subsidiary to, ensure that its
material properties and equipment are used or useful in its business in whomsoever’s possession
they may be, are kept in good repair, working order and condition, normal wear and tear expected,
and that from time to time there are made in such properties and equipment all needful and proper
repairs, renewals, replacements, extensions, additions, betterments and improvements thereto, to
the extent and in the manner customary for companies in similar businesses.

          5.8 Compliance with Law. The Borrower will, and will cause each Subsidiary to, comply with
all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all
Governmental Authorities in respect of the conduct of its business and the ownership of its
property, other than those the noncompliance with which has not had or will not have a Material
Adverse Effect.

          5.9 Compliance with Environmental Laws. Without limitation of the covenants contained in
Section 5.8:

               (a) The Borrower will comply, and will cause each of its Subsidiaries to comply, with all
Environmental Laws applicable to the ownership, lease or use of all real property now or hereafter
owned, leased or operated by the Borrower or any Subsidiary, and will promptly pay or cause to be
paid all costs and expenses incurred in connection with such compliance, except to the extent that
such compliance with Environmental Laws is being contested in good faith and by appropriate
proceedings and for which adequate reserves have been established to the extent required by GAAP
and except to the extent that failure to comply with such Environmental Laws, has not had, and will
not have a Material Adverse Effect.

 

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               (b) The Borrower will keep or cause to be kept, and will cause each Subsidiary to keep or
cause to be kept, all such real property free and clear of any Liens imposed pursuant to such
Environmental Laws other than Permitted Encumbrances or such Liens that will not and have not had a
Material Adverse Effect.

               (c) Neither the Borrower nor any Subsidiary will generate, use, treat, store, release or
dispose of, or permit the generation, use, treatment, storage, release or disposal of, Hazardous
Materials on any real property now or hereafter owned, leased or operated by the Borrower or any
Subsidiary or transport or permit the transportation of Hazardous Substances to or from any such
real property other than in compliance with applicable Environmental Laws, except for such
noncompliance as has not had and will not have a Material Adverse Effect.

               (d) If required to do so under any applicable order of any Governmental Authority, the
Borrower will undertake, and cause each Subsidiary to undertake, any clean up, removal, remedial or
other action necessary to remove and clean up any Hazardous Substances from any real property
owned, leased or operated by the Borrower or any Subsidiary in accordance with, in all material
respects, such orders of all Governmental Authorities, except to the extent that such Borrower or
such Subsidiary is contesting such order in good faith and by appropriate proceedings and for which
adequate reserves have been established to the extent required by GAAP.

               (e) At the written request of the Administrative Agent or the Required Lenders, which request
shall specify in reasonable detail the basis therefor, at any time and from time to time after the
Lenders receive notice under Section 5.1(f) for any claimed violation of any Environmental Law
involving potential expenditures by Borrower or any Subsidiary in excess of $25,000,000 in the
aggregate for any real property, the Borrower will provide, at Borrower’s sole cost and expense, an
environmental site assessment report concerning any such real property now or hereafter owned,
leased or operated by Borrower or any Subsidiary, prepared by an environmental consulting firm
reasonably acceptable to the Administrative Agent, indicating the presence or absence of Hazardous
Substances and the potential cost of any removal or a remedial action in connection with any
Hazardous Substances on such real property. If the Borrower fails to provide the same within
ninety (90) days after such request was made, the Administrative Agent may order the same, and
Borrower shall grant and hereby grants, to the Administrative Agent and the Lenders and their
agents, access to such real property and specifically grants the Administrative Agent and the
Lenders and their agents, access to such real property and specifically grants the Administrative
Agent and the Lenders and irrevocable non-exclusive license, subject to the rights of tenants, to
undertake such assessment, all at the Borrower’s expense.

          5.10 Certain Subsidiaries to Become Guarantors. In the event that at any time after the
Closing Date Borrower creates, holds, acquires or at any time has any Subsidiary (other than
Non-Material Subsidiaries, Foreign Subsidiaries as to which Section 5.11(b) applies, and any
Securitization Subsidiary formed in connection with a Securitization Transaction permitted under
Section 7.1(e)) that is not a Guarantor, Borrower will immediately, but in any

 

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event within five
(5) Business Days, notify the Administrative Agent in writing of such event, identifying the
Subsidiary in question and referring specifically to the rights of the Administrative Agent and the
Lenders under this Section. Borrower will, within fifteen (15) days following request therefor
from the Administrative Agent (who may give such
request on its own initiative or upon request by the Required Lenders), cause such Subsidiary to
deliver to the Administrative Agent, in sufficient quantities for the Lenders, (i) a Guaranty duly
executed by such Subsidiary, and (ii) if such Subsidiary is a corporation, resolutions of the Board
of Directors of such Subsidiary, certified by the Secretary or an Assistant Secretary of such
Subsidiary as duly adopted and in full force and effect, authorizing the execution and delivery of
such Guaranty, or if such Subsidiary is not a corporation, such other evidence of the authority of
such Subsidiary to execute such a Guaranty as the Administrative Agent may reasonably request. If
any Subsidiary is required to provide a Security Agreement, whether pursuant to Section 5.11(a) or
otherwise, such Subsidiary shall also be subject to the requirements of this Section 5.10.

          5.11 Additional Security; Further Assurances.

               (a) Additional Security. Subject to subpart (b) below, if Borrower or any Guarantor
acquires, owns or holds any personal property that is not at the time included in the Collateral,
the Borrower will promptly notify the Administrative Agent in writing of such event, identifying
the property or interests in question and referring specifically to the rights of the
Administrative Agent and the Lenders under this Section, and Borrower will cause such Subsidiary
to, within 30 days following a request by the Administrative Agent (or such longer period as the
Administrative Agent shall deem reasonable under the circumstances), grant to the Administrative
Agent for the benefit of the Secured Facility Parties a Lien on such personal property pursuant to
the terms of such security agreements, assignments or other documents as the Administrative Agent
deems appropriate (collectively, the “Additional Security Document”). Furthermore, the Borrower
shall cause to be delivered to the Administrative Agent such resolutions and other related
documents as may be reasonably requested by the Administrative Agent in connection with the
execution, delivery and recording of any such Additional Security Document, all of which documents
shall be in form and substance reasonably satisfactory the Administrative Agent.

               (b) Foreign Subsidiaries. Notwithstanding anything in subpart (a) above or elsewhere
in this Agreement to the contrary, neither Borrower nor any Guarantor shall be required to pledge
(or cause to be pledged) more than 65% of the Equity Interests in any first tier Foreign
Subsidiary of Borrower or any Guarantor or any of the Equity Interests in any other Foreign
Subsidiary, or to cause any Foreign Subsidiary to become a Guarantor or execute and deliver a
Security Agreement, if to do so would subject Borrower or any Guarantor to liability for any
potential additional United States income taxes by virtue of Section 956 of the Code, determined
without regard to the availability of foreign tax credits.

               (c) Further Assurances. Borrower will, and will cause each Subsidiary, at the
expense of Borrower, to make, execute, endorse, acknowledge, file and/or

 

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deliver to the
Administrative Agent from time to time such conveyances, financing statements, transfer
endorsements, powers of attorney, certificates, and other assurances or instruments and take such
further steps relating to any Collateral covered by any of the Loan Documents as the
Administrative Agent may reasonably require. If at any time the Administrative Agent
determines, based on applicable law, that all applicable taxes (including, without
limitation, mortgage recording taxes or similar charges) were not paid in connection with the
recordation of any mortgage or deed of trust, the Borrower shall promptly pay the same upon
demand.

          5.12 Accounting; Reserves; Tax Returns. Cause each of the Borrower and any Subsidiary at
all times to (i) maintain a system of accounting established and administered in material
accordance with GAAP, and (ii) file each tax return it is required to file except where the failure
to so file will not and has not had a Material Adverse Effect.

          5.13 Liens and Encumbrances. Promptly upon acquiring knowledge or reason to know in the
ordinary course of its business that any asset of Borrower or any Subsidiary has or may become
subject to any Lien other than Permitted Encumbrances, provide to each Lender a certificate
executed by a Responsible Officer of Borrower and specifying the nature of such Lien and what
action such Borrower has taken, is taking or proposes to take with respect thereto.

          5.14 Defaults and Material Adverse Effects. Promptly upon acquiring knowledge or reason to
know in the ordinary course of its business of the occurrence or existence of (i) any Event of
Default or Default or (ii) any event or condition that has had or will have any Material Adverse
Effect, provide to each Lender a certificate executed by a Responsible Officer and specifying the
nature of such Event of Default, Default, event or condition, the date of occurrence or period of
existence thereof and what action the Borrower has taken, is taking or proposes to take with
respect thereto.

          5.15 Further Actions. Promptly upon the request of the Administrative Agent, execute
and deliver or cause to be executed and delivered each writing, and take or cause to be taken each
other action, that the Administrative Agent shall deem necessary or desirable at the sole option of
the Administrative Agent to perfect or otherwise preserve or protect the priority of any security
interest, mortgage or other lien or encumbrance imposed or created pursuant to any Loan Document or
to correct any error in any Loan Document.

ARTICLE VI. FINANCIAL COVENANTS

          During the term of this Agreement, and so long thereafter as any of the Indebtedness of the
Borrower to the Administrative Agent or the Lenders, including any Indebtedness for fees and
expenses, shall remain unpaid, Borrower will:

          6.1 Interest Coverage Ratio. Assure that as of the end of each fiscal quarter of Borrower ending after the date of this
Agreement, the Interest Coverage Ratio is not less than 3.0 to 1.0.

 

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          6.2 Leverage Ratio. Assure that as of the end of each fiscal quarter of Borrower ending
after the date of this Agreement, the Leverage Ratio does not exceed 3.50 to 1.0.

          6.3 Consolidated Capital Expenditures. Assure that Consolidated Capital Expenditures of
Borrower do not exceed the applicable maximum amount set forth below in the aggregate in the
applicable fiscal year set forth below:

	 	 	 	 	 
	Fiscal Year	 	Maximum Amount
	 
	 	 	 	 
	2011
	 	$135.0 Million
	2012
	 	$145.0 Million
	2013
	 	$155.0 Million
	2014
	 	$165.0 Million
	2015
	 	$175.0 Million

ARTICLE VII. NEGATIVE COVENANTS

          During the term of this Agreement and so long thereafter as any of the Indebtedness of the
Borrower to the Administrative Agent or the Lenders, including any Indebtedness for fees and
expenses, shall remain unpaid:

          7.1 Indebtedness. The Borrower will not, and will not permit any of its Subsidiaries to,
contract, create, incur, assume or suffer to exist any Indebtedness of the Borrower or any
Subsidiary, except for the following permitted indebtedness (collectively, the “Permitted
Indebtedness”):

               (a) Loan Documents. Indebtedness incurred under this Agreement and the other Loan
Documents and under Hedge Agreements.

               (b) Existing Indebtedness. Indebtedness of the Borrower and any Subsidiary including
Foreign Subsidiaries listed on Schedule 7.1 to this Agreement and existing on the Closing Date or
incurred pursuant to credit facilities existing on the Closing Date and described on Schedule 7.1,
and any refinancing, extension, renewal or refunding of any such Indebtedness not involving an
increase in the principal amount thereof.

               (c) Intercompany Advances. Advances or loans made in the ordinary course of business
(including, without limitation, in connection with a Permitted Acquisition) among the Borrower and
any Subsidiary or among any Subsidiaries.

               (d) Subordinated Indebtedness. The existing unsecured Indebtedness of Borrower in
connection with the notes (including any replacement or exchange notes) issued pursuant to the
Current Indentures, so long as payment of all of such Indebtedness

 

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shall be subordinated at all
times to payment of the Indebtedness of the Borrower under this Agreement and the other Loan
Documents.

               (e) Securitization Transactions. Indebtedness in respect of Securitization
Transactions provided the initial term and each renewal or extension term of any Securitization
Transaction facility is not more than 364 days, and the aggregate principal amount of all such
Indebtedness outstanding at any one time does not exceed $100,000,000.

               (f) Other Indebtedness. Other secured or unsecured Indebtedness of the Borrower and
its Subsidiaries to the extent not permitted by any of the foregoing clauses and clause (g) below,
provided that (i) no Default or Event of Default shall then exist or immediately after incurring
any of such Indebtedness will exist, (ii) the Borrower and any Subsidiary shall be in compliance
with the financial covenants set forth in Sections 6.1 and 6.2 both immediately before and after
giving pro forma effect to the incurrence of such Indebtedness, and (iii) the aggregate principal
amount of all such other Indebtedness outstanding at any time shall not exceed $150,000,000; and
provided further, that (A) the aggregate principal amount of all such other Indebtedness
outstanding at any time which is secured Indebtedness shall not exceed $75,000,000, and (B) the
aggregate principal amount of all such other Indebtedness outstanding at any time which is owing
by Foreign Subsidiaries shall not exceed $65,000,000.

               (g) Additional Subordinated Indebtedness. Unsecured Subordinated Indebtedness (in
addition to the Indebtedness under the Current Indentures) on terms and conditions not materially
more restrictive than under the Current Indentures or otherwise acceptable to the Administrative
Agent and provided Borrower delivers to the Administrative Agent a certificate signed by a
Financial Officer that (i) in the indenture or other document pursuant to which the additional
Subordinated Indebtedness is issued, all Indebtedness under and in compliance with the terms of
this Agreement is denominated and defined as “Senior Debt” and “Designated Senior Debt” as in the
Current Indentures (or terms similar thereto and approved by the Administrative Agent), (ii) the
stated maturity date of such Subordinated Indebtedness does not occur prior to the Revolving
Credit Maturity Date, (iii) no Default or Event of Default is then in existence or would be caused
by the issuance of such additional Subordinated Indebtedness and (iv) the Borrower and any
Subsidiary are and shall be in compliance with the financial covenant set forth in Section 6.2
both immediately before and after giving pro forma effect to the incurrence of such Subordinated
Indebtedness.

          7.2 Encumbrances. The Borrower will not, and will not permit any Subsidiary to, create,
incur, assume or suffer to exist any Lien upon or with respect to any property or assets of any
kind (real or personal, tangible or intangible) of any of the Borrower or any such Subsidiary
whether now owned or hereafter acquired, or sell any such property or assets subject to an
understanding or agreement,
contingent or otherwise, to repurchase such property or assets (including sales of accounts
receivable or notes with or without recourse to Borrower or any Subsidiary, other than for purposes
of collection or delinquent accounts in the ordinary course of business) or assign any right to
receive income, or file or permit the filing of

 

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any financing statement under the Uniform
Commercial Code or any other similar notice of Lien under any similar recording or notice statute,
except that the foregoing restrictions shall not apply to the following permitted encumbrances
(collectively, the “Permitted Encumbrances”):

               (a) Existing Liens, etc. Liens granted to the Administrative Agent for the benefit
of the Secured Facility Parties pursuant to any Security Document and liens (i) in existence on
the Closing Date that are listed on Schedule 7.2, or (ii) arising out of the refinancing,
extension, renewal or refunding of any Indebtedness secured by any such Liens, provided that the
principal amount of the Indebtedness secured by such Liens is not increased and such Indebtedness
is not secured by any additional assets.

               (b) Permitted Indebtedness Liens. Any lien on accounts receivable of the Borrower
and/or its Subsidiaries that are the subject of a permitted Securitization Transaction, and any
other lien or liens hereafter existing on the assets of the Borrower or any Subsidiary to secure
other Permitted Indebtedness.

               (c) Pledges or Deposits. Any pledge or deposit made by the Borrower or any
Subsidiary in the ordinary course of business in connection with any workers’ compensation,
unemployment insurance, social security or similar law or to secure the payment of any
Indebtedness, liability or obligation in connection with any letter of credit, bid, tender, trade
or government contract, lease, surety, appeal or performance bond or law, or any similar
Indebtedness or obligation not incurred in connection with the borrowing of any money or the
deferral of the payment of the purchase price or lease of any capital asset.

               (d) Statutory Liens. Any statutory lien (i) in favor of a Governmental Authority for
any amount paid to the Borrower or to any Subsidiary as a progress payment pursuant to a
government contract; (ii) securing the payment of any tax, fee, charge, fine or penalty imposed by
any Governmental Authority upon Borrower, any Subsidiary or any of their assets, income and
franchises but not yet required to be paid by Section 5.5 of this Agreement; or (iii) securing the
payment of any claim or demand of any materialman, mechanic, carrier, warehouseman, garageman or
landlord against Borrower or any Subsidiary but not yet required to be paid by Section 5.5 of this
Agreement.

               (e) Other Liens. Any reservation, exception, encroachment, easement, right-of-way,
covenant, condition, restriction, lease or similar title exception or encumbrance affecting the
title to any real property of the Borrower or any Subsidiary but not interfering with the conduct
of its business or operations.

          7.3 Investments and Guaranty Obligations. The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly,
(i) make or commit to make any Investment or (ii) be or become obligated under any guaranty other
than a Guaranty, except for the following permitted investments (collectively, the “Permitted
Investments”):

               (a) Investments by Borrower or any Subsidiary in (i) cash and cash equivalents including any
readily marketable direct obligation of the United States, or with

 

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respect to a Foreign Subsidiary,
of any Permitted Investment Foreign Jurisdiction, maturing within one year after the date of
acquisition thereof, (ii) any time deposit maturing within one year after the date of acquisition
thereof and issued by any banking institution that is authorized to do a banking business under any
statute of the United States or any state thereof, or with respect to a Foreign Subsidiary is
authorized to do a banking business under any statute of any Permitted Investment Foreign
Jurisdiction, or any political subdivision thereof, and has a combined capital and surplus of not
less than $100,000,000, (iii) any demand or savings deposit with any such institution, (iv) any
Dollar deposits in the London Interbank Market with such banking institution or any subsidiary of
any such banking institution, (v) any commercial paper rated at least A-1 by Standard & Poor’s
Ratings Group (“S&P”) or P-1 by Moody’s Investor Services, Inc. (“Moody’s”), and (vi) any money
market funds that (A) comply with the criteria set forth in SEC Rule 2a-7 under the Investment
Company Act of 1940, (B) are rated AAA by S&P and Aaa by Moody’s and (C) have portfolio assets of
at least $5,000,000,000;

               (b) to the extent not permitted by the foregoing, Investments existing as of the Closing Date
and described on Schedule 7.3 hereto;

               (c) intercompany advances or loans among the Borrower and any Subsidiary, or among any
Subsidiaries, made in the ordinary course of business (including, without limitation, in connection
with a Permitted Acquisition) or Contingent Obligations incurred by a Subsidiary or by the
Borrower, with respect to the obligations of the Borrower or any Subsidiary, entered into in the
ordinary course of business; and any other Investment (i) of Borrower or any Subsidiary in any
Subsidiary existing as of the Closing Date, (ii) of Borrower in any Guarantor made after the
Closing Date, (iii) of any Guarantor in any Guarantor made after the Closing Date, or (iv) of a
Foreign Subsidiary (which is not a Guarantor) or a Non-Material Subsidiary (which is not a
Guarantor) in any other Foreign Subsidiary or Non-Material Subsidiary, made in the ordinary course
of business;

               (d) any Investment made by the Borrower or any trustee in respect of the Moog Inc.
Supplemental Retirement Plan and the Moog Inc. Supplemental Retirement Plan Trust, each as in
effect on the date hereof or as may be amended from time to time;

               (e) any Investment made by the Borrower or any Subsidiary in an amount reasonably necessary to
effect a Securitization Transaction permitted under Section 7.1(e) hereof and any guaranty given by
the Borrower or any Subsidiary in connection with such a Securitization Transaction establishing
recourse solely for customary representations,
warranties, covenants and indemnities, none of which shall cover the collectability of
Receivables Assets; and

               (f) any other Investments aggregating not more than $100,000,000 during the term of this
Agreement provided, however, Investments made by the Borrower or any Subsidiary in a Subsidiary for
the sole purpose of funding the consideration for a Permitted Acquisition, whether in one or more
series of related transactions, shall not be considered Investments for the purposes of calculating
such amount, but rather shall be included in the

 

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calculation of the amount of total consideration
for such Permitted Acquisition under Section 7.8(c)(iv) hereof.

          7.4 Restricted Payments. The Borrower will not, and will not permit any of their
respective Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, except for the following permitted distributions (collectively, the “Permitted
Distributions”):

               (a) Borrower or any Subsidiary may declare and pay or make distributions that are payable
solely in additional shares of its common stock (or warrants, options or other rights to acquire
additional shares of its common stock);

               (b) (i) any Subsidiary may declare and pay or make Restricted Payments to Borrower or any
Guarantor, (ii) any Foreign Subsidiary may declare and pay or make Restricted Payments to any other
Foreign Subsidiary or to Borrower or any Guarantor, and (iii) any Non-Material Subsidiary may
declare and pay or make Restricted Payments to any other Non-Material Subsidiary;

               (c) Borrower may make non-cash repurchases or redemptions of stock or other Equity Interests
in exchange for stock or stock options; and

               (d) Borrower or any Subsidiary may declare and pay or make cash dividends, or stock
repurchases on a pro rata basis with respect to its outstanding shares provided such cash dividends
and stock repurchases do not exceed $150,000,000 in the aggregate during the term of this
Agreement; and provided further that (i) no Default or Event of Default shall have
occurred and be continuing or would result therefrom, and (ii) the Borrower will be in compliance
with the financial covenants set forth in Sections 6.1 and 6.2 after giving pro forma effect to
each such cash dividend and stock repurchase.

          7.5 Limitation on Certain Restrictive Agreements. The Borrower will not, and will not
permit any Subsidiary to, directly or indirectly, enter into, incur or permit to exist or become
effective, any “negative pledge” covenant or other agreement, restriction or arrangement that
prohibits, restricts or imposes any condition upon (a) the ability of Borrower or any Subsidiary to
create, incur or suffer to exist any Lien upon any of its property or
assets as security for Indebtedness, or (b) the ability of any such Subsidiary to make dividends or
distributions or any other interest or participation in its profits owned by the Borrower or any
Subsidiary, or pay any Indebtedness owed to the Borrower or a Subsidiary, or to make loans or
advances to the Borrower or any other Subsidiaries, or transfer any of its property or assets to
the Borrower or any other Subsidiaries, except for such restrictions existing under or by reason of
(i) applicable law, (ii) this Agreement and the other Loan Documents, (iii) customary provisions
restricting subletting or assignment of any lease governing a leasehold interest, (iv) customary
provisions restricting assignment of any licensing agreement entered into in the ordinary course of
business, (v) customary provisions restricting the transfer or further encumbering of assets
subject to Liens permitted under Section 7.2, (vi) customary restrictions affecting only a

 

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Subsidiary under any agreement or instrument governing any of the Indebtedness of a Subsidiary
permitted pursuant to Section 7.1, (vii) restrictions affecting any Foreign Subsidiary under any
agreement or instrument governing any Indebtedness of such Foreign Subsidiary permitted pursuant to
Section 7.1, and customary restrictions contained in “comfort” letters and guarantees of any such
Indebtedness, (viii) any document relating to Indebtedness secured by a Lien permitted by Section
7.2, insofar as the provisions thereof limit grants of junior liens on the assets securing such
Indebtedness, (ix) restrictions contained in the Current Indentures relating to any Indebtedness
permitted under Section 7.1(d), and restrictions contained in any indenture or other document
pursuant to which any additional Subordinated Indebtedness permitted under Section 7.1(g) is
issued, (x) customary restrictions and documents necessary to effect a Securitization Transaction
permitted under Section 7.1(e), and (xi) any Operating Lease or Capital Lease, insofar as the
provisions thereof limit grants of a security interest in, or other assignments of, the related
leasehold interest to any other Person.

          7.6 Material Indebtedness Agreements.

               (a) Amendments. The Borrower shall not, and shall not permit any Subsidiary to,
amend, restate, supplement or otherwise modify any Material Indebtedness without the prior written
consent of the Administrative Agent if any such amendment, restatement, supplement or other
modification would materially impact the rights or remedies of the Administrative Agent and the
Lenders hereunder.

               (b) Prepayment and Refinancings of Other Debt, etc. After the Closing Date, the
Borrower will not, and will not permit any Subsidiary to, make (or give any notice in respect
thereof) any voluntary or optional payment or prepayment or redemption or acquisition for value of
(including, without limitation, by way of depositing with the trustee with respect thereto money
or securities before due for the purpose of paying when due) or exchange of, or refinance or
refund, any Indebtedness of Borrower or its Subsidiaries (other than the Indebtedness and
intercompany loans and advances among Borrower and its Subsidiaries); provided
that Borrower or any Subsidiary may subject to the limitations of Section 7.1, (i)
refinance or refund any such Indebtedness (or Capitalized Lease Obligation, in the case of a
Capital Lease), (ii) pay or prepay or redeem or acquire for value any such
Indebtedness (including, without limitation, by way of depositing with the trustee with
respect thereto money or securities before due for the purpose of paying when due) with the net
proceeds of the sale of Equity Interests in Borrower, (iii) refinance, pay or prepay the
Indebtedness of a Securitization Subsidiary incurred in connection with a Securitization
Transaction permitted under Section 7.1(e), (iv) temporarily pay or prepay the Indebtedness under
the Subordinated Indenture with the proceeds of a Loan under this Agreement provided that before
and after any such payment or prepayment, Borrower has availability of at least $200,000,000 under
the Revolving Loan, and (v) make other prepayments of such Indebtedness provided the aggregate
amount of all such prepayments does not exceed $25,000,000 in any one fiscal year.

 

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          7.7 Changes in Business. Neither the Borrower nor any Subsidiary will engage in any
business if, as a result, the general nature of the business, taken on a Consolidated Basis, which
would then be engaged in by the Borrower and any Subsidiary, would be substantially changed from
the general nature of the business engaged in by the Borrower and any Subsidiary on the Closing
Date.

          7.8 Consolidation, Merger, Acquisitions, Asset Sales, etc. The Borrower will not, and will
not permit any Subsidiary to, (1) wind up, liquidate or dissolve its affairs, (2) enter into any
transaction of merger or consolidation, (3) make or otherwise effect any acquisition of all or
substantially all of the assets or Equity Interests of any other Person, or assets constituting all
or substantially all of a division or product line of any other Person, other than Permitted
Acquisitions set forth in Section 7.8(c), (4) sell or otherwise dispose of any of its property or
assets outside the ordinary course of business, or otherwise make or otherwise effect any Asset
Sale, or (5) agree to do any of the foregoing at any future time, except the following shall be
permitted (collectively, the “Permitted Dispositions”):

               (a) Certain Intercompany Mergers. If no Default or Event of Default shall have
occurred and be continuing or would result therefrom, (i) the merger, consolidation or
amalgamation of any Domestic Subsidiary with or into Borrower, provided Borrower is the surviving
or continuing or resulting corporation; (ii) the merger, consolidation or amalgamation of any
Domestic Subsidiary with or into any Guarantor, provided that the surviving or continuing or
resulting corporation is a Guarantor, (iii) the merger, consolidation or amalgamation of any
Foreign Subsidiary with or into any other Foreign Subsidiary; (iv) any Asset Sale by Borrower or
any Guarantor to Borrower or any Guarantor, (v) any Asset Sale by any Foreign Subsidiary to
Borrower or any Guarantor; or (vi) any Asset Sale by any Foreign Subsidiary to any other Foreign
Subsidiary.

               (b) Other Dispositions. If no Default or Event of Default shall have occurred and be
continuing or would result therefrom, and no Material Adverse Effect has occurred or will result
therefrom, the Borrower or any Subsidiary may consummate (i) any Asset Sale necessary to effect a
Securitization Transaction permitted under Section 7.1(e), and (ii) any other Asset Sale provided
that: (A) the consideration for each such Asset Sale
represents fair value and any non-cash consideration qualifies as a Permitted Investment
hereunder and the aggregate of all such non-cash consideration does not exceed $30,000,000 over
the term of this Agreement; and (B) the cumulative aggregate value of the assets sold or
transferred does not exceed $150,000,000 in any one fiscal year (excluding for purposes of
computing such maximum amount (1) sales of inventory in the ordinary course of business and
conveyances of mere record title to any asset to a Governmental Authority to save taxes where
Borrower or any Subsidiary has an option to require reconveyance of such property for a nominal
price; and (2) the sale of equipment which is obsolete or worn-out and is replaced in the ordinary
course of business) for all such transactions completed during any fiscal year.

               (c) Permitted Acquisitions. Any acquisition by Borrower or any Subsidiary of all or
substantially all of the assets or stock of any other Person, or assets

 

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constituting all or
substantially all of a division or product line of any other Person so long as (i) immediately
prior to contracting for or consummating such acquisition there does not exist, and there does not
occur as a direct or indirect result of the consummation of such acquisition, (A) any Event of
Default or Default, and (B) immediately prior to contracting for or consummating such acquisition,
Borrower is in compliance with Sections 6.1 and 6.2 of this Agreement (collectively, the
“Financial Covenants”) and Borrower can demonstrate on a pro-forma basis, based on the actual
completed prior four fiscal quarters of Borrower and the Person acquired, that Borrower will be in
compliance with the Financial Covenants upon and after consummation of such acquisition, (ii) such
acquisition is being completed on a non-hostile basis without opposition from the board of
directors, managers or equity owners of the target entity, (iii) with respect to any assets or
stock of any Person acquired directly or indirectly pursuant to any such acquisition, there are no
liens thereon other than Permitted Encumbrances, and (iv) the aggregate purchase price paid
(whether by means of transfer of assets, assumption of liabilities or otherwise, other than the
assumption of trade payables and accrued short-term liabilities in the ordinary course of
business) by Borrower and all Subsidiaries in connection with such acquisition does not exceed
$200,000,000 unless specifically consented to by the Administrative Agent and the Required
Lenders. The foregoing notwithstanding, Borrower will only be required to demonstrate pro forma
compliance with the Financial Covenants if the aggregate purchase price paid (whether by means of
transfer of assets, assumption of liabilities or otherwise, other than the assumption of trade
payables and accrued short-term liabilities in the ordinary course of business) by Borrower and
all Subsidiaries in connection with such acquisition exceeds $25,000,000, unless the
Administrative Agent requests that Borrower deliver evidence of such compliance.

          7.9 Transactions with Affiliates. The Borrower will not, and will not permit any
Subsidiary to, enter into any transaction or series of transactions with any Affiliate (other than,
in the case of the Borrower, any Subsidiary, and in the case of a Subsidiary, the Borrower or
another Subsidiary) (each, an “Affiliate Transaction”), except for transactions in the ordinary
course of business upon fair and reasonable terms no less favorable to the Borrower or any
Subsidiary than would apply in a comparable arm’s length transaction with a Person who is not an
Affiliate, and agreements and transactions
with and payments to officers, directors and shareholders that are either (i) entered into in the
ordinary course of business and not prohibited by any of the provisions of this Agreement or that
are expressly permitted by the provisions of this Agreement, or (ii) entered into outside the
ordinary course of business, approved by the directors or shareholders of the Borrower, and not
prohibited by any of the provisions of this Agreement or in violation of any law, rule or
regulation.

          7.10 Fiscal Years, Fiscal Quarters. No Borrower shall change its or any Subsidiary’s
fiscal years or fiscal quarters (other than the fiscal year or fiscal quarters of a Person that
becomes a Subsidiary, at the time such Person becomes a Subsidiary, to conform to such Borrower’s
fiscal year and fiscal quarters).

          7.11 Anti-Terrorism Laws. Neither the Borrower nor any Subsidiary shall be subject to or
in violation of any law, regulation, or list of any government agency (including

 

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without
limitation, the U.S. Office of Foreign Asset Control list, Executive Order No. 13224 or the USA
Patriot Act) that prohibits or limits the conduct of business with or the receiving of funds, goods
or services to or for the benefit of certain Persons specified therein or that prohibits or limits
any Lender or the Issuing Bank from making any advance or extension of credit to the Borrower or
from otherwise conducting business with the Borrower.

ARTICLE VIII. EVENTS OF DEFAULT

          8.1 Events of Default. The occurrence of any one or more of the following events shall
constitute an event of default (individually, “Event of Default”, or, collectively, “Events of
Default”):

               (a) Nonpayment. Nonpayment within three (3) Business Days of when due, whether by
acceleration or otherwise, of principal of, or interest on, the Notes, any fee, cost, expense or
premium provided for hereunder or under any other Loan Document or any other Indebtedness owing
hereunder, or otherwise payable to the Administrative Agent under the Fee Letter.

               (b) Negative Covenants. Default by Borrower in the observance of any of the
covenants or agreements by such Borrower contained in Article VI or Article VII of this Agreement.

               (c) Other Covenants. Default by Borrower in the observance of any of the covenants
or agreements by Borrower contained in this Agreement, other than in Article VI or Article VII or
Section 5.1 of this Agreement, which is not remedied within thirty (30) days after notice thereof
by the Administrative Agent to the Borrower.

               (d) Voluntary Insolvency Proceedings. If Borrower or any Guarantor or any other
Subsidiary (other than a Non-Material Subsidiary) (i) shall file a petition or request for
liquidation, reorganization, arrangement, adjudication as a bankrupt, relief as a debtor or other
relief under the bankruptcy, insolvency or similar laws of the United States of America or any
state or territory thereof or any foreign jurisdiction, now or hereafter in effect; (ii) shall
make a general assignment for the benefit of creditors; (iii) shall consent to the appointment of
a receiver or trustee for Borrower or any Guarantor or any such other Subsidiary or any of
Borrower’s, Guarantor’s or such other Subsidiary’s assets including, without limitation, the
appointment of or taking possession by a “custodian” as defined in the federal Bankruptcy Code;
(iv) shall make any, or send notice of any intended, bulk sale; or (v) shall execute a consent to
any other type of insolvency proceeding (under the federal Bankruptcy Code or otherwise or under
the insolvency laws of any other foreign jurisdiction) or any formal or informal proceeding for
the dissolution or liquidation of, or settlement of claims against or winding up of affairs of,
Borrower, Guarantor or any such other Subsidiary.

               (e) Involuntary Insolvency Proceedings. The appointment of a receiver, trustee,
custodian or officer performing similar functions for Borrower, any Guarantor

 

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or any other
Subsidiary (other than a Non-Material Subsidiary) or any of Borrower’s, any Guarantor’s or any
such other Subsidiary’s assets including, without limitation, the appointment of or taking
possession by a “custodian” as defined in the federal Bankruptcy Code; or the filing against
Borrower, any Guarantor or any such other Subsidiary of a request or petition for liquidation,
reorganization, arrangement, adjudication as a bankrupt or other relief under the bankruptcy,
insolvency or similar laws of the United States of America or any state or territory thereof or
any foreign jurisdiction, now or hereafter in effect; or the institution against Borrower or any
Guarantor or any such other Subsidiary of any other type of insolvency proceeding (under the
federal Bankruptcy Code or otherwise) or of any formal or informal proceeding for the dissolution
or liquidation of, settlement of claims against or winding up of affairs of such Borrower or
Guarantor or such other Subsidiary, and the failure to have such appointment vacated or such
petition or proceeding dismissed within sixty (60) days after such appointment, filing or
institution.

               (f) Representations. If any certificate, written statement, representation, warranty
or financial statement furnished by or on behalf of Borrower or any Guarantor pursuant to or in
connection with this Agreement, or any Loan Document (including, without limitation,
representations and warranties contained herein) or as an inducement to the Administrative Agent
or any Lender to enter into this Agreement or any other lending agreement with Borrower shall
prove to have been false in any material respect at the time as of which the facts therein set
forth were certified, or to have omitted any substantial contingent or unliquidated liability or
claim against Borrower or any Subsidiary or any Guarantor.

               (g) Other Indebtedness and Agreements. (i) Nonpayment by Borrower or any Guarantor
or any other Subsidiary (other than a Non-Material Subsidiary) of any Material Indebtedness owing
by Borrower or such Guarantor or such other Subsidiary when due, whether such Material
Indebtedness shall become due by scheduled maturity, by
required prepayment, by acceleration, by demand or otherwise, or (ii) failure to perform any
material term, covenant or agreement on its part to be performed under any agreement or instrument
(other than this Agreement) evidencing or securing or relating to any such Material Indebtedness
owing by Borrower or such Guarantor or such other Subsidiary, when required to be performed if the
effect of such failure is to permit the holder or a trustee or agent on behalf of such holder or
holders to accelerate the maturity of such Indebtedness, or (iii) any such Material Indebtedness
of Borrower, any Guarantor or any such other Subsidiary shall be declared due and payable, or
shall be required to be prepaid (other than by a regularly scheduled prepayment or redemption,
prior to the stated maturity thereof); or (iv) without limitation of the foregoing, default in any
payment obligation under a Designated Hedge Agreement, and such default shall continue after any
applicable grace period in such Designated Hedge Agreement or any other agreement or instrument
relating thereto.

               (h) Judgments. If any judgment or judgments in excess of $50,000,000 for any one
such judgment or all judgments in the aggregate (other than any judgment for which it is fully
insured) against Borrower or any Guarantor or any other Subsidiary (other than a judgment against
a Non-Material Subsidiary for which neither the

 

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Borrower nor any Guarantor is liable) remains
unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of thirty (30) days
(or such longer period, not in excess of sixty (60) days, during which enforcement thereof and the
filing of any judgment lien, is effectively stayed or prohibited) from the entry thereof.

               (i) Pension Default. Any occurrence of a Reportable Event that constitutes grounds
for the termination of any Pension Plan by the PBGC or for the appointment by an appropriate
United States district court of a trustee to administer any Pension Plan shall have occurred and
continued thirty (30) days after written notice thereof is delivered to the Borrower by the
Administrative Agent; or any other ERISA Event occurs and gives rise to vested unfunded
liabilities under any Pension Plan that have or will have a Material Adverse Effect; or Borrower
or any ERISA Affiliate or any Guarantor fails to pay to any Pension Plan any contribution which it
is obligated to pay under the terms of such plan or any agreement, or which is required to meet
statutory minimum funding standards of Section 412 of the Code and Section 303 of ERISA.

               (j) Change in Control. If there occurs a Change in Control.

               (k) Challenge to Agreements. If Borrower or any Guarantor shall challenge the
validity and binding effect of any provision of any of the Loan Documents or shall state its
intention to make such a challenge of any of the Loan Documents or any of the Security Documents
shall for any reason (except to the extent permitted by its express terms) cease to be perfected
or lose the priority of the Lien granted thereunder or cease to be effective.

               (l) Guarantor Default. Any Guaranty shall cease, for any reason, to be in full force
and effect or any Guarantor or the Borrower shall so assert in writing.

               (m) Subordinated Indentures. If (i) any Event of Default (as defined in the Current
Indentures) shall occur under the Current Indentures, or an event of default shall occur under any
agreement evidencing any other Subordinated Indebtedness permitted under Section 7.1(g), (ii) this
Agreement shall fail to constitute the “Credit Agreement” or the Indebtedness under this Agreement
shall fail to constitute “Senior Debt” and “Designated Senior Debt” (or terms similar thereto)
under, and as defined in, the Current Indentures or under any other agreement evidencing any other
Subordinated Indebtedness permitted under Section 7.1(g), or (iii) if any Indebtedness other than
the Indebtedness under this Agreement is designated as “Designated Senior Debt” (or a term similar
thereto) under, and as defined in, the Current Indentures or under any other agreement evidencing
any other Subordinated Indebtedness permitted under Section 7.1(g).

          8.2 Effects of an Event of Default. (a) Upon the happening of one or more Events of
Default (except a default under either Section 8.1(d) or 8.1(e) of this Agreement), the
Administrative Agent may declare or shall do so if instructed by the Required Lenders, any
commitments of the Lenders to lend money to the Borrower or issue Letters of Credit hereunder
(individually, the “Lender’s Obligations” and collectively, the “Lenders’ Obligations”) to be
canceled and the principal of such Lender’s Note or Notes then outstanding, and all

 

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reimbursement,
cash collateralization and other obligations of the Borrower (other than under any Designated Hedge
Agreement) to be immediately due and payable and any Letters of Credit outstanding to be terminated
in accordance with their terms, together with all interest thereon and fees and expenses accruing
under this Agreement and under any Loan Document. Upon such declaration, the Lenders’ Obligations
shall be immediately canceled and the Loans evidenced by each Lender’s Note or Notes shall become
immediately due and payable without presentation, demand or further notice of any kind to the
Borrower.

               (b) Upon the happening of one or more Events of Default under Section 8.1(d) or 8.1(e) of this
Agreement, the Lenders’ Obligations shall be canceled immediately, automatically and without
notice, and the Notes shall become immediately due and payable without presentation, demand or
notice of any kind to Borrower.

               (c) No termination of this Agreement will relieve or discharge Borrower of its duties,
obligations and covenants hereunder until all of the Indebtedness hereunder has been indefeasibly
paid in full.

          8.3 Remedies. Upon the occurrence and during the continuance of any Event of Default or
upon any termination of this Agreement as a result of an Event of Default, then any of the Lenders
and the Administrative Agent shall have all of their rights under this Agreement or otherwise under
law. In addition to, and without limitation of, any rights of the Lenders under applicable law, if
any Event of Default occurs, any and all deposits (including all account balances, whether
provisional or final and whether or not collected or available) and any other Indebtedness at any
time held or owing by any Lender to or for the credit or account of Borrower may be offset and
applied toward the payment of the Indebtedness of the Borrower.

          8.4 Application of Certain Payments and Proceeds. All payments and other amounts received
by the Administrative Agent or any Lender or other Secured Facility Parties through the exercise of
remedies hereunder or under the other Loan Documents shall, unless otherwise required by the terms
of the other Loan Documents or by applicable law, be applied as follows:

                    (i) first, to the payment of all expenses (to the extent not otherwise paid by the Borrower or
any of the Guarantors) incurred by the Administrative Agent and the Lenders or other Secured
Facility Parties in connection with the exercise of such remedies, including, without limitation,
all reasonable costs and expenses of collection, reasonable attorneys’ fee and expenses, court
costs and any foreclosure expenses;

                    (ii) second, to the payment pro rata of interest then accrued on the outstanding Loans;

                    (iii) third, to the payment pro rata of any fees and expenses (other than expenses paid under
item (i) above) then accrued and payable to the Administrative Agent, the Issuing Bank or any
Lender under this Agreement in respect of the Loans or the Letters of Credit;

 

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                    (iv) fourth, to the payment pro rata of (A) the principal balance then owing on the
outstanding Loans, (B) any unreimbursed LC Disbursements, (C) the amounts then due under Designated
Hedge Agreements to creditors of the Borrower or any Subsidiary, subject to confirmation by the
Administrative Agent of any calculations of termination or other payment amounts being made in
accordance with normal industry practice, (D) the amounts then due under Secured Other Facilities
Obligations and (E) the principal amount of the outstanding Letters of Credit (to be held and
applied by the Administrative Agent as security for the reimbursement obligations in respect
thereof);

                    (v) fifth, to the payment to the Lenders of any amounts then accrued and unpaid under Sections
2.9, 2.10 and 2.11 of this Agreement, and if such proceeds are insufficient to pay such amounts in
full, to the payment of such amounts pro rata;

                    (vi) sixth, to the payment pro rata of all other amounts owed by the Borrower to the
Administrative Agent, to any Issuing Bank or any Lender under this Agreement or any other Loan
Document, to any counterparties under Designated Hedge Agreements of the Borrower and any
Subsidiary, and to any Secured Facility Parties in respect of Secured Other Facilities Obligations,
and if such proceeds are insufficient to pay such amounts in full, to the payment of such amounts
pro rata; and

                    
(viii) finally, any remaining surplus after all of the Secured Obligations have been paid in
full, to the Borrower or to whomsoever shall be lawfully entitled thereto.

Notwithstanding the foregoing, Designated Hedge Agreements and Bank Services (as defined within the
definition of Secured Other Facilities) shall be excluded from the application above if the
Administrative Agent has not received written notice thereof from the applicable Lender or
Affiliate of a Lender, prior to any such application of payments and amounts.

ARTICLE IX. EXPENSES

          9.1 Expenses. The Borrower shall reimburse the Administrative Agent promptly upon the
Administrative Agent’s request for any of the Administrative Agent’s reasonable expenses, including
counsel fees and expenses, incident to the negotiation, documentation and administration of this
Agreement, including any amendments or modifications thereto, and shall reimburse the
Administrative Agent and each Lender upon demand for their reasonable out-of-pocket expenses
(including the reasonable fees and expenses of counsel) in connection with the enforcement of their
rights (whether through negotiations, legal proceedings or otherwise)(i) in connection with this
Agreement and the other Loan Documents, including their rights under this Section 9.1, or (ii) in
connection with the Loans made or Letters of Credit issued under this Agreement, including all such
reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in
respect of such Loans or Letters of Credit.

 

 

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          9.2 Indemnification. Borrower shall indemnify and hold harmless the Administrative Agent
and each Lender and each of their directors, officers, employees, agents and advisors (each an
“Indemnified Party”) from and against any and all claims, damages, liabilities and reasonable fees,
expenses and disbursements of counsel, demands, losses, costs, fines or liabilities of whatever
kind or nature, including, without limitation, arising from personal injury or property damage, in
any way related to any environmental condition on, above, within, in the vicinity of, related to or
affected by property owned or leased by Borrower or in connection with or arising out of any
investigation, litigation or proceeding arising out of, related to or in connection with this
Agreement or the Loans (other than litigation between Borrower and a Lender in which Borrower is
the prevailing party), whether or not an Indemnified Party is a party to such investigation,
litigation or proceeding except to the extent such claim, damage, loss, liability or expense is
found in a final judgment by a court of competent jurisdiction to have resulted primarily from such
Indemnified Party’s own gross negligence or willful misconduct. In addition to, and without
limiting the generality of, the foregoing, Borrower agrees to reimburse and indemnify all
Indemnified Parties on demand for any reasonable fees and expenses of counsel which may be incurred
in any action, claim or proceeding between Borrower, any Subsidiary or any Affiliate and an
Indemnified Party in which such Indemnified Party is
successful. The obligations of the Borrower under this indemnity shall survive any expiration or
termination hereof, and shall apply to any and all such claims, expenses, demands, losses, costs,
fines or liabilities of whatever kind or nature, notwithstanding the payment of the Indebtedness
hereunder or under the Loan Documents with respect to acts and omissions occurring before such
payment. Borrower agrees not to institute or participate in any proceeding seeking to establish a
position contrary to the terms of this indemnification.

ARTICLE X. THE AGENTS AND ISSUING BANK

          10.1 Appointment and Authorization.

               (a) Appointment as Administrative Agent. Each Lender hereby irrevocably appoints HSBC
Bank as Administrative Agent, Manufacturers and Traders Trust Company as Lead Syndication Agent,
Bank of America, N.A. and JPMorgan Chase Bank, N.A. as Co-Syndication Agents, and Citizens Bank of
Pennsylvania as Documentation Agent, and each of the Administrative Agent, Co-Syndication Agents
and Documentation Agent accepts such appointment. Each Lender hereby irrevocably authorizes the
Agents to take such action as such agent on its behalf and to exercise such powers hereunder as are
delegated to such agent by the terms hereof, together with such powers as are reasonably incidental
thereto. Neither the Agents nor any of their directors, officers, attorneys or employees shall be
liable for any action taken or omitted to be taken by such agent or them hereunder or in connection
herewith, except for such agent’s or their own gross negligence or willful misconduct as determined
in a final judgment by a court of competent jurisdiction. The Administrative Agent (a) shall have
no duties or responsibilities except those expressly set forth in this Agreement and in the other
Loan Documents, and shall not by reason of this Agreement or any other Loan
Documents be a trustee
or fiduciary for any Lender; (b) shall not be responsible to any Lender for any recitals,
statements, representations or warranties contained in this Agreement or in any of the other Loan

 

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Documents, or in any certificate or other document referred to or provided for in, or received by
any of them under, this Agreement or any other Loan Documents, or for the value, validity,
effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan
Documents or any other document referred to or provided for herein or therein or for any failure by
Borrower, or any other Person to perform any of its obligations hereunder or thereunder; and (c)
shall not be responsible to any Lender for any action taken or omitted to be taken by it hereunder
or under any other Loan Documents or under any other document or instrument referred to or provided
for herein or therein or in connection herewith or therewith, except in the event of such agent’s
own gross negligence or willful misconduct, as determined by a final judgment of a court of
competent jurisdiction. The Administrative Agent may employ agents and attorneys-in-fact and
shall not be responsible for the negligence or misconduct of any such agent or attorneys-in-fact
selected by it in good faith. In administering the Letters of Credit, the Issuing Bank shall not
be under any liability to any Lender, except for the Issuing Bank’s own gross negligence or willful
misconduct, as determined in a final non-appealable decision of a court of competent jurisdiction
or as set forth in Section 2.4 of this Agreement.

               (b) Appointment as Secured Facility Party Representative. In its capacity, the
Administrative Agent is a “representative” of the Secured Facility Parties within the meaning of
the term “secured party” as defined in the New York Uniform Commercial Code. Each Lender confirms
its authority for the Administrative Agent entering into each of the Security Documents to which it
is a party and to take all action contemplated by such documents. Each Lender agrees that no
Secured Facility Party (other than the Administrative Agent) shall have the right individually to
seek to realize upon the security granted by any Security Document, it being understood and agreed
that such rights and remedies may be exercised solely by the Administrative Agent for the benefit
of the Secured Facility Parties upon the terms of the Security Documents. In the event that any
Collateral is hereafter pledged by any Person as collateral security for the Secured Obligations,
the Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute
and deliver on behalf of the Secured Facility Parties any Loan Documents necessary or appropriate
to grant and perfect a Lien on such Collateral in favor of the Administrative Agent on behalf of
the Secured Facility Parties. The Lenders hereby authorize the Administrative Agent, at its option
and in its discretion, to release any Lien granted to or held by the Administrative Agent upon any
Collateral (i) as described in Section 10.14; (ii) as permitted by, but only in accordance with,
the terms of the applicable Loan Document; or (iii) if approved, authorized or ratified in writing
by the Required Lenders, unless such release is required to be approved by all of the Lenders
hereunder. Upon request by the Administrative Agent at any time, the Lenders will confirm in
writing the Administrative Agent’s authority to release particular types or items of Collateral
pursuant hereto. Upon any sale or transfer of assets constituting Collateral which is permitted
pursuant to the terms of any Loan Document, or consented to in writing by the Required Lenders or
all of the Lenders, as applicable, and upon at least five (5) Business Days’ prior written request
by the Borrower to the Administrative Agent, the Administrative Agent shall (and is hereby
irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence
the release of the Liens granted to the Administrative Agent for the benefit of the Secured
Facility Parties herein or pursuant hereto upon the Collateral that was sold or transferred;
provided, however, that (i) the

 

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Administrative Agent shall not be required to
execute any such document on terms which, in the Administrative Agent’s opinion, would expose the
Administrative Agent to liability or create any obligation or entail any consequence other than the
release of such Liens without recourse or warranty, and (ii) such release shall not in any manner
discharge, affect or impair the Secured Obligations or any Liens upon (or obligations of the
Borrower or any Subsidiary in respect of) all interests retained by the Borrower or any Subsidiary,
including (without limitation) the proceeds of the sale, all of which shall continue to constitute
part of the Collateral.

          10.2 Waiver of Liability of Administrative Agent. The Administrative Agent shall not have
any liability or, as the case may be, any duty or obligation:

               (a) To Borrower on account for any failure of any Lender to perform, or the delay of any
Lender in the performance of, any of its respective obligations under this Agreement or any of the
Loan Documents or any of the other documents in connection herewith;

               (b) To any Lender on account of any failure or delay in performance by Borrower or any other
Lender of any of their respective obligations under this Agreement or any of the Loan Documents or
any of the other documents in connection herewith;

               (c) To any Lender to provide either initially or on a continuing basis any information with
respect to Borrower or any of its Affiliates or Subsidiaries or its condition, or for analyzing or
assessing or omitting to analyze or assess the status, creditworthiness or prospects of Borrower or
any of the Affiliates of Borrower or any Subsidiaries, provided, however, the
Administrative Agent shall promptly provide to each Lender a copy of the documents delivered by
Borrower to the Administrative Agent pursuant to Section 5.2 of this Agreement;

               (d) To any Lender to investigate whether or not any Default or Event of Default has occurred
(and the Agents may assume that, until Administrative Agent shall have actual knowledge or shall
have received notice from any Lender or Borrower, to the contrary, no such Default or Event of
Default has occurred);

               (e) To any Lender to account for any sum or profit or any property of any kind received by any
of the Agents or the Issuing Bank arising out of any present or future banking or other
relationship with Borrower or any of the Affiliates of Borrower or any Subsidiaries, or with any
other Person except the relationship established pursuant to this Agreement or the Loan Documents;

               (f) To any Lender to disclose to any Person any information relating to Borrower or any of the
Affiliates of Borrower or any Subsidiaries received by the Agents or the Issuing Bank, if in any
such party’s reasonable determination (such determination to be conclusive), such disclosure would
or might constitute a breach of any law or regulation or be otherwise actionable by suit against
such agent or the Issuing Bank by Borrower or any other Person;

 

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               (g) To take any action or refrain from taking any action other than as expressly required by
this Agreement and the Loan Documents; and

               (h) To commence any legal action or proceeding arising out of or in connection with this
Agreement or the Loan Documents until either of the Administrative Agent or the Issuing Bank, shall
have been indemnified to the Administrative Agent’s or the Issuing Bank’s satisfaction against any
and all costs, claims and expenses (including, but not limited to, attorneys’ fees and expenses) in
respect of such legal action or proceeding.

          10.3 Note Holders. The Administrative Agent may treat the payee of any Note as the holder
thereof until written notice of transfer shall have been filed with it, signed by such payee and in
form satisfactory to the Administrative Agent.

          10.4 Consultation with Counsel. The Administrative Agent may consult with legal counsel
selected by the Administrative Agent and shall not be liable for any action taken or suffered in
good faith by the Administrative Agent in accordance with the opinion of such counsel.

          10.5 Documents. The Administrative Agent shall not be under any duty to examine into or
pass upon the validity, effectiveness, genuineness or value of any Loan Documents or any other
documents furnished pursuant hereto or in connection herewith or the value of any Collateral
obtained hereunder, and the Administrative Agent shall be entitled to assume that the same are
valid, effective and genuine and what they purport to be.

          10.6 Administrative Agent and Affiliates. With respect to the Loans, the Administrative
Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same
as though it were not the Administrative Agent, and the Administrative Agent and its Affiliates may
accept deposits from, lend money to and generally engage in any kind of business with Borrower, any
Guarantor or any other Subsidiary or any Affiliate thereof including, without limitation, entering
into any kind of Hedge Agreement with respect to the Loans.

          10.7 Knowledge of Default. It is expressly understood and agreed that the Administrative
Agent and the Issuing Bank shall be entitled to assume that no Default or Event of Default has
occurred and is continuing, unless the Administrative Agent or the Issuing Bank has been notified
by a Lender in writing that such Lender believes that a Default or Event of Default has occurred
and is continuing and specifying the nature thereof.

          10.8 Enforcement. In the event any remedy may be exercised with respect to this Agreement
or the Loan Documents, the Administrative Agent shall have the sole right of enforcement and each
Lender agrees, for itself and each of its Affiliates, that no Secured Facility Party (other than
the Administrative Agent) shall have any right individually to enforce any provision of this
Agreement or the Loan Documents, or make demand under this Agreement or the Loan Documents;
provided, that the Issuing Bank or the Administrative Agent on behalf of the
Issuing Bank may make demand upon Borrower as an Issuing Bank.

 

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          10.9 Action by Administrative Agent. 

               (a) So long as the Administrative Agent shall be entitled, pursuant to Section 10.7 of this
Agreement, to assume that no Default or Event of Default shall have
occurred and be continuing, the Administrative Agent shall be entitled to use its discretion
with respect to exercising or refraining from exercising any rights which may be vested in it by,
or with respect to taking or refraining from taking any action or actions which it may be able to
take under or in respect of, this Agreement. The Administrative Agent shall incur no liability
under or in respect of this Agreement by acting upon any notice, certificate, warranty or other
paper or instrument believed by it to be genuine or authentic or to be signed by the proper party
or parties, or with respect to anything which it may do or refrain from doing in the reasonable
exercise of its judgment, or which may seem to it to be necessary or desirable in the premises;

               (b) Administrative Agent May File Proofs of Claim. In case of the pendency of any
receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial, administrative or like proceeding or any assignment for the benefit
of creditors relative to Borrower or any of its Subsidiaries, the Administrative Agent
(irrespective of whether any Secured Obligation shall then be due and payable as herein expressed
or by declaration or otherwise and irrespective of whether the Administrative Agent shall have
made any demand on the Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise;

                    (i) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of any Secured Obligation that is owing and unpaid and to file such other
documents as may be necessary or advisable in order to have the claims of the Lenders, any Issuing
Bank, the Administrative Agent and any other Secured Facility Party (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, any Issuing Bank, the
Administrative Agent and any other Secured Facility Party and their respective agents and counsel
and all other amounts due the Lenders, any Issuing Bank, the Administrative Agent and any other
Secured Facility Party under the terms of this Agreement) allowed in such judicial proceeding; and

                    (ii) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender, the Issuing Bank and each
other Secured Facility Party, to make such payments to the Administrative Agent and, in the event
that the Administrative Agent shall consent to the making of such payments directly to the Lenders,
the Issuing Bank or any other Secured Facility Party, to pay to the Administrative Agent any amount
due for the reasonable compensation, expenses, disbursements and advances of the Administrative
Agent and its agents and counsel, and any other amounts due the Administrative Agent under the
terms of this Agreement.

 

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          Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender, the Issuing Bank or any other Secured
Facility Party, any plan of reorganization, arrangement, adjustment or composition affecting any
Secured Obligation or the rights of any Lender, the Issuing Bank or any other
Secured Facility Party, to authorize the Administrative Agent to vote in respect of the claim of
any Lender, the Issuing Bank or any other Secured Facility Party in any such proceeding.

          10.10 Notices, Defaults, etc. In the event that the Administrative Agent shall have
acquired actual knowledge of any Default or Event of Default, the Administrative Agent shall
promptly notify the Lenders and shall take such action and assert such rights under this Agreement
as the Required Lenders shall direct and the Administrative Agent shall inform the other Lenders in
writing of the action taken. The Administrative Agent may take such action and assert such rights
as it deems to be advisable, in its discretion, for the protection of the interests of the holders
of the Notes.

          10.11 Indemnification of Administrative Agent. The Lenders agree to indemnify the
Administrative Agent (to the extent not reimbursed by the Borrower), ratably according to their
respective Applicable Percentages from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever which may be imposed on, incurred by or asserted against the Administrative Agent
in its capacity as the Administrative Agent in any way relating to or arising out of this Agreement
or any Loan Document or any action taken or omitted by the Administrative Agent with respect to
this Agreement or any Loan Document, provided no Lender shall be liable for any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
(including attorney fees and expenses) or disbursements resulting from the Administrative Agent’s
gross negligence or willful misconduct as determined in a final judgment by a court of competent
jurisdiction or from any action taken or omitted by the Administrative Agent in any capacity other
than as the Administrative Agent under this Agreement.

          10.12 Successor Administrative Agent

               (a) The Administrative Agent may resign as the Administrative Agent hereunder by giving not
fewer than thirty (30) days prior written notice to the Borrower and the Lenders. If the
Administrative Agent shall resign under this Agreement, then provided no Event of Default has
occurred, the Borrower shall have the right, (i) with the consent of the Required Lenders, such
consent not to be unreasonably withheld, to appoint from among the Lenders a successor
administrative agent for the Lenders who is willing to accept such appointment, or (ii) with the
consent of the Required Lenders, which may be withheld in their sole discretion, to appoint a
successor that is not a Lender, but which shall be a bank with an office in New York State, or an
Affiliate of any such bank.

               (b) If no successor shall have been so appointed and approved within 30 days after the
retiring Administrative Agent gives notice of its resignation, then the retiring

 

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Administrative
Agent may appoint a successor Administrative Agent meeting the qualifications specified in Section
10.12(a), provided that if the Administrative Agent shall notify the Borrower and the Lenders that
no qualifying Person has accepted such appointment, then such resignation
shall nonetheless become effective in accordance with such notice and (i) the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the
other Loan Documents (except that in the case of any Collateral held by the Administrative Agent on
behalf of the Lenders under any of the Loan Documents, the retiring Administrative Agent shall
continue to hold such Collateral until such time as a successor Administrative Agent is appointed)
and (ii) all payments, communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender directly, until such time as the
Borrower appoints and the Required Lenders approve a successor Administrative Agent as provided for
above in the preceding paragraph.

               (c) Upon its appointment, such successor administrative agent shall succeed to the rights,
powers and duties as the Administrative Agent, and the term “Administrative Agent” shall mean such
successor effective upon its appointment, and the former Administrative Agent’s rights, powers and
duties as the Administrative Agent shall be terminated without any other or further act or deed on
the part of such former Administrative Agent or any of the parties to this Agreement.

          10.13 Lenders’ Independent Investigation. Each Lender, by its signature to this Agreement,
acknowledges and agrees that the Administrative Agent has made no representation or warranty,
express or implied, with respect to the creditworthiness, financial condition, or any other
condition of Borrower or with respect to the statements contained in any information memorandum
furnished in connection herewith or in any other oral or written communication between the
Administrative Agent and such Lender. Each Lender represents that it has made and shall continue
to make its own independent investigation of the creditworthiness, financial condition and affairs
of the Borrower in connection with the extension of credit hereunder, and agrees that the
Administrative Agent has no duty or responsibility, either initially or on a continuing basis, to
provide any Lender with any credit or other information with respect thereto (other than such
notices as may be expressly required to be given by the Administrative Agent to the Lenders
hereunder), whether coming into its possession before the granting of the first Loans hereunder or
at any time or times thereafter.

          10.14 Amendments, Consents. No amendment, modification, termination or waiver of any
provision of any Loan Document nor consent to any variance therefrom, shall be effective unless the
same shall be in writing and signed by the Administrative Agent and the Lenders or Required
Lenders, as appropriate, and then such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given. Anything herein to the contrary
notwithstanding, no such document shall (a) increase the Commitment of any Lender hereunder or any
part thereof without the written consent of such Lender, (b) extend or postpone the Revolving
Credit Maturity Date, the payment dates of interest thereunder, or the payment of facility or other
fees or amounts payable hereunder without the written consent of each Lender directly affected
thereby, (c) reduce the
rate of interest on the Revolving Notes or Alternative

 

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Currency Notes, or any amounts of principal
or interest due on any Revolving Note or Alternative Currency Note, or the payment of facility or
other fees hereunder or make any change in the manner of pro rata application of any payments made
by the Borrower to the Lenders hereunder without the written consent of each Lender directly
affected thereby, (d) change any percentage voting requirement, the voting rights, or the Required
Lenders definition in this Agreement without the written consent of each Lender, (e) release any
material Collateral other than as provided below, (f) make any amendment to this Section 10.14
without the written consent of each Lender, or (g) change Section 2.15, without the written consent
of each Lender other than any Defaulting Lender; provided, further that no such
document shall amend, modify or otherwise affect the rights or duties of the Administrative Agent,
the Issuing Bank or the Swingline Lender without the prior written consent of the Administrative
Agent, the Issuing Bank or the Swingline Lender, as the case may be, and any change to Section 2.15
shall require the consent of each of the Administrative Agent, the Swingline Lender and the Issuing
Bank; provided, however, only the consent of the Required Lenders shall be required
for a waiver involving (i) the applicability of any post-Event of Default interest rate increase or
the applicability of interest on Overdue Amounts as provided in Section 2.6(c) of this Agreement,
(ii) any reduction in the amount of Net Proceeds required to be applied to prepay the Loans as
provided in Section 2.7(b) of this Agreement or (iii) any other amendment hereunder or under the
other Loan Documents which does not specifically require unanimous consent of the Lenders. Notice
of amendments or consents ratified by the Required Lenders hereunder shall immediately be forwarded
by the Administrative Agent to all Lenders. Each Lender or other holder of a Note shall be bound
by any amendment, waiver or consent obtained as authorized by this Section, regardless of its
failure to agree thereto. Except as specifically provided otherwise below, a Defaulting Lender
shall not be entitled to give instructions to the Administrative Agent or to approve, disapprove,
consent to or vote on any matters relating to this Agreement and the other Loan Documents and all
amendments, waivers and other modifications of this Agreement and the other Loan Documents may be
made without regard to a Defaulting Lender.

               The Lenders hereby irrevocably authorize the Administrative Agent, at its option and in its
sole discretion, to release any Liens granted to the Administrative Agent by the Borrower or any
Guarantor on any Collateral (i) upon the termination of the Commitments, payment and satisfaction
in full in cash of all Secured Obligations (other than any Secured Obligations that are contingent
in nature or unliquidated at such time), and the cash collateralization of all such contingent and
unliquidated Secured Obligations in a manner satisfactory to the Administrative Agent, (ii)
constituting property being sold or disposed of if the Borrower certifies to the Administrative
Agent that the sale or disposition is a Permitted Disposition made in compliance with the terms of
this Agreement (and the Administrative Agent may rely conclusively on any such certificate, without
further inquiry), and to the extent that the property being sold or disposed of constitutes 100% of
the Equity Interest of a Subsidiary and such sale is permitted or approved under the terms of this
Agreement, the Administrative Agent is authorized to release any Guaranty provided by such
Subsidiary, (iii) constituting property leased to the Borrower or a Guarantor under a lease which
has expired or been terminated in a transaction permitted under this Agreement, or (iv) as required
to effect any sale or other
disposition of such Collateral in connection with any exercise of remedies of the Administrative

 

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Agent and the Lenders pursuant to Article VIII. Except as provided in the preceding sentence, the
Administrative Agent will not release any Liens on any material Collateral without the prior
written authorization of all Lenders. Any such release shall not in any manner discharge, affect,
or impair the Secured Obligations or any Liens (other than those expressly being released) upon, or
obligations of the Borrower or any Guarantor in respect of, all interests retained by the Borrower
or any Guarantor, including the proceeds of any sale, all of which shall continue to constitute
part of the Collateral.

               Notwithstanding the foregoing, any amendment, waiver, modification or agreement which by its
terms requires the consent of all Lenders or each affected Lender may be effected with the consent
of the applicable Lenders other than the Defaulting Lenders except that (i) the Commitment of any
Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender,
(ii) the principal amount of, or interest or fees payable on, Loans may not be reduced or excused
or the scheduled date of payment may not be postponed as to such Defaulting Lender without such
Defaulting Lender’s consent and (iii) any waiver, amendment or modification requiring the consent
of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more
adversely than other affected Lenders shall require the consent of such Defaulting Lender.

          10.15 Funding by Administrative Agent. Unless the Administrative Agent shall have been
notified in writing by any Lender not later than 4:00 p.m. on the day before the day on which Loans
are requested by Borrower to be made that (or, if the request for a Loan is made by Borrower on the
date such Loan is to be made, then not later than 2:00 p.m. on such day) such Lender will not make
its ratable share of such Loans, the Administrative Agent may assume that such Lender will make its
ratable share of the Loans, and in reliance upon such assumption the Administrative Agent may (but
in no circumstances shall be required to) make available to the applicable Borrower a corresponding
amount. If and to the extent that any Lender fails to make such payment on such date, such Lender
shall pay such amount to the Administrative Agent on demand, together with interest thereon, as set
forth in Section 2.5(b) of this Agreement.

          10.16 Sharing of Payments. If any Lender obtains any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) with respect to the Loans
in excess of its pro rata share of such payments shared by all Lenders, such Lender shall forthwith
purchase from the other Lenders participation in the Loans made by them as shall be necessary to
cause such purchasing Lender to share the excess payment ratably with each of them;
provided, however, if all or any portion of such excess payment is hereafter
recovered from such purchasing Lender, such purchase from the other Lenders shall be rescinded and
each other Lender shall repay to the purchasing Lender the purchase price to the extent of such
recovery together with an amount equal to such Lender’s ratable share of any interest or other
amount paid or payable by the purchasing Lender in respect of the total amount recovered.
Borrower agrees that any Lender purchasing a participation from
another Lender pursuant to this Section 10.16 may, to the fullest extent permitted by law, exercise
all of its rights of payment

 

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(including the right of set-off) with respect to such participation as
fully as if such Lender were the direct creditor of Borrower in the amount of such participation.

          10.17 Payment to Lenders. Except as otherwise set forth in Sections 2.3(c), 2.4(e), 2.15
and 10.15 of this Agreement, promptly after receipt from Borrower of any principal or interest
payment on the Notes or any fees payable under, or in connection with, this Agreement (other than
fees payable to the Administrative Agent for the account of the Administrative Agent), the
Administrative Agent shall promptly distribute to each Lender that Lender’s ratable share of the
funds so received. If the Administrative Agent fails to distribute collected funds received by
2:00 p.m. on any Business Day prior to the end of the same Business Day, or to distribute collected
funds received after 2:00 p.m. on any Business Day by the end of the next Business Day, the funds
shall bear interest until distributed at the Federal Funds Effective Rate.

          10.18 Tax Withholding Clause

               (a) Status of Lenders; Tax Documentation.

                    (i) Each Lender shall deliver to the Borrower and to the Administrative Agent, at the time or
times prescribed by applicable laws or when reasonably requested by the Borrower or the
Administrative Agent, such properly completed and executed documentation prescribed by applicable
laws or by the taxing authorities of any jurisdiction and such other reasonably requested
information as will permit the Borrower or the Administrative Agent, as the case may be, to
determine (A) whether or not payments made hereunder or under any other Loan Document are subject
to Taxes, (B) if applicable, the required rate of withholding or deduction, and (C) such Lender’s
entitlement to any available exemption from, or reduction of, applicable Taxes in respect of all
payments to be made to such Lender by the Borrower pursuant to this Credit Agreement or otherwise
to establish such Lender’s status for withholding tax purposes in the applicable jurisdiction.

                    (ii) Without limiting the generality of the foregoing, if the Borrower is resident for tax
purposes in the United States,

                         (A) any Lender that is a “United States person” within the meaning of § 7701(a)(30) of the
Code shall deliver to the Borrower and the Administrative Agent executed originals of Internal
Revenue Service Form W-9 or such other documentation or information prescribed by applicable laws
or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or
the Administrative Agent, as the case may be, to determine whether or not such Lender is subject to
backup withholding or information reporting requirements; and

                         (B) each Foreign Lender that is entitled under the Code or any applicable treaty to an
exemption from or reduction of withholding tax with respect to payments hereunder or under any
other Loan Document shall deliver to the Borrower and the Administrative Agent (in such number of
copies as shall be requested by the recipient) on or

 

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prior to the date on which such Foreign Lender
becomes a Lender under this Credit Agreement (and from time to time thereafter upon the request of
the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do
so), whichever of the following is applicable:

                              (I) executed originals of Internal Revenue Service Form W-8BEN claiming eligibility for
benefits of an income tax treaty to which the United States is a party,

                              (II) executed originals of Internal Revenue Service Form W-8ECI,

                              (III) executed originals of Internal Revenue Service Form W-8IMY and all required supporting
documentation,

                              (IV) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender
is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a
“controlled foreign corporation” described in section 881(c)(3)(C) of the Code and (y) executed
originals of Internal Revenue Service Form W-8BEN, or

                              (V) executed originals of any other form prescribed by applicable laws as a basis for claiming
exemption from or a reduction in United States Federal withholding tax together with such
supplementary documentation as may be prescribed by applicable laws to permit the Borrower or the
Administrative Agent to determine the withholding or deduction required to be made.

                         (C) each Foreign Lender shall provide, promptly upon the reasonable demand of the Borrower or
the Administrative Agent, any information, form or document, accurately completed, that may be
required in order to demonstrate that such Foreign Lender is in compliance with the requirements of
FATCA, including § 1471(b) of the Code, if such Foreign Lender is a foreign financial institution
(as such term is defined in § 1471(d)(4) of the Code) or § 1472(b), if such Foreign Lender is a
non-financial foreign entity (as such term is defined in § 1472(d) of the Code).

                    (iii) Each Lender shall promptly (A) notify the Borrower and the Administrative Agent of any
change in circumstances which would modify or render invalid any claimed exemption or reduction,
and (B) take such steps as shall not be materially disadvantageous to it, in the reasonable
judgment of such Lender, and as may be reasonably
necessary (including the re-designation of its Lending Office) to avoid any requirement of
applicable laws of any jurisdiction that the Borrower or the Administrative Agent make any
withholding or deduction for taxes from amounts payable to such Lender.

 

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               (b) Each Lender, whether or not a Foreign Lender, shall additionally:

                    (i) deliver to the Borrower and the Administrative Agent two further copies of any such form
or certification at least five (5) Business Days before the date that any such form or
certification expires or becomes obsolete and after the occurrence of any event requiring a change
in the most recent form previously delivered by it to the Administrative Agent and the Borrower;

                    (ii) obtain such extensions of time for filing and complete such forms certifications as may
reasonably be requested by the Borrower or the Administrative Agent; and

                    (iii) file amendments to such forms as and when required unless an event (including, without
limitation, any change in treaty, law or regulation) has occurred after the date such Person
becomes a Lender hereunder which renders all such forms inapplicable or which would prevent such
Lender from duly completing and delivering any such form with respect to it and such Lender so
advises the Borrower and the Administrative Agent; provided, however, that the Borrower may rely
upon such forms provided to the Borrower for all periods prior to the occurrence of such event.
Furthermore, the Borrower shall not be required to pay any additional amounts to a Foreign Lender
pursuant to Section 2.11, and shall be permitted to reduce any payment required to be made to any
Lender by any Indemnified Taxes or Other Taxes (that otherwise would not be permitted to reduce
such payment pursuant to the provisions of Section 2.14 of this Agreement), if such additional
amounts, Indemnified Taxes or Other Taxes would not have arisen or would not have been required to
have been withheld, but for a failure by such Foreign Lender to comply with the provisions of this
Section 10.18.

               (c) The Borrower shall indemnify the Administrative Agent and each Lender, within 10 days
after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by
the Administrative Agent or such Lender, as the case may be, on or with respect to any payment by
or on account of any obligation of the Borrower hereunder (including Indemnified Taxes or Other
Taxes imposed or asserted on or attributable to amounts payable under this Section) and any
penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or
not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority, except to the extent that the Borrower has paid additional amounts
with respect to such Indemnified Taxes or Other Taxes pursuant to Section 2.14 of this Agreement.
A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender,
or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive
absent manifest error.

               (d) Each Lender shall, and does hereby, indemnify the Borrower and the Administrative Agent,
and shall make payment in respect thereof within 10 days after
demand therefore, against any and all Taxes and any and all related losses, claims,
liabilities, penalties, interest and expenses (including the fees, charges and disbursements of any
counsel for the Borrower or the Administrative Agent) incurred by or asserted against the Borrower
or the Administrative Agent by any Governmental Authority as a result of the failure by such Lender
to

 

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deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation
required to be delivered by such Lender or to the Borrower or the Administrative Agent pursuant to
this Section 10.18.

          10.19 USA Patriot Act. Each Lender or assignee or participant of a Lender that is not
organized under the laws of the United States of America or a state thereof (and is not excepted
from the certification requirement contained in Section 313 of the USA Patriot Act and the
applicable regulations because it is both (a) an affiliate of a depository institution or foreign
bank that maintains a physical presence in the United States or foreign country, and (b) subject to
supervision by a banking authority regulating such affiliated depository institution or foreign
bank) shall deliver to the Administrative Agent the certification, or, if applicable,
recertification, certifying that such Lender is not a “shell” and certifying to other matters as
required by Section 313 of the USA Patriot Act and the applicable regulations: (i) within 10 days
after the Closing Date, and (ii) at such other times as re required under the USA Patriot Act.

          10.20 Other Agents. Any Lender identified herein as a Lead Syndication Agent,
Co-Syndication Agent, Documentation Agent, Arranger or any other corresponding title, other than
“Administrative Agent”, shall have no right, power, obligation, liability, responsibility or duty
under this Agreement or any other Loan Document except those applicable to all Lenders as such.
Each Lender acknowledges that it has not relied, and will not rely, on any Lender so identified in
deciding to enter into this Agreement or in taking or not taking any action hereunder.

          10.21 Issuing Bank. Each Lender acknowledges and agrees that the provisions of this
Article X shall apply to the Issuing Bank, in its capacity as issuer of any Letter of Credit, in
the same manner as such provisions are expressly stated to apply to the Administrative Agent.

          10.22 Benefit of Article X. The provisions of this Article X are intended solely for the
benefit of the Agents, the Issuing Bank and the Lenders. The Borrower shall not be entitled to
rely on any such provisions or assert any such provisions in a claim, or as a defense, against the
Agents or any Lender. The Borrower acknowledges and consents to the foregoing provisions of this
Article X.

ARTICLE XI. MISCELLANEOUS

          11.1 Amendments and Waivers. This Agreement is intended by the parties as the final,
complete and exclusive statement of the transactions evidenced by this Agreement. All prior or
contemporaneous promises, agreements and understandings, whether oral or written, are deemed to be
superseded by this Agreement, and no party is relying on any promise, agreement or understanding
not set forth in this Agreement. No modification, rescission, waiver, release or amendment of any
provision of this Agreement shall be made except by a written agreement or as otherwise provided in
Section 10.14 of this Agreement, subscribed by authorized officers of the Borrower or the Required
Lenders (or all the Lenders, if applicable), and the Administrative Agent.

 

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          11.2 Classified Programs. Notwithstanding any other provisions of this Agreement, no
provision of this Agreement shall operate to require the disclosure of any information relating to
any classified program involving the United States Department of Defense in contravention of any
restriction described in Section 5.2(k) of this Agreement or to require any party to any contract
relating to any such classified program to be performed by the Borrower or any Subsidiary to accept
performance by any other Person without any prior consent required under such classified program.

          11.3 Delays and Omissions. No course of dealing and no delay or omission by the Lenders or
the Administrative Agent in exercising any right or remedy hereunder or with respect to any
Indebtedness of Borrower shall operate as a waiver thereof or of any other right or remedy, and no
single or partial exercise thereof shall preclude any other or further exercise thereof or the
exercise of any other right or remedy. The Administrative Agent and the Lenders may remedy any
Event of Default in any reasonable manner without waiving the Event of Default remedied and without
waiving any other prior or subsequent Event of Default by Borrower and shall be reimbursed for
their expenses in so remedying such Event of Default. All rights and remedies of the Lenders and
the Administrative Agent hereunder are cumulative.

          11.4 Assignments/Participation.

               (a) The Borrower shall not assign or otherwise transfer any of its rights pursuant to this
Agreement without the prior written consent of the Administrative Agent, and any such assignment
or other transfer without such prior written consent shall be void.

               (b) Any Lender may, in accordance with applicable law, at any time sell to one or more banks
or other entities (each, a “Participant”) participating interests in any Revolving Loan or
Alternative Currency Loan owing to such Lender, any Revolving Note or Alternative Currency Note
held by such Lender, any Commitment or Alternative Currency Sublimit of such Lender or any other
interest of such Lender under the Loan Documents. In the event of any such sale by a Lender of
participating interests to a Participant, such Lender’s obligations under the Loan Documents shall
remain unchanged, such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations, such
Lender shall remain the holder of any such Revolving Loan or Alternative Currency Loan or
Revolving Note or Alternative Currency Note for all purposes under the Loan Documents, all amounts
payable by Borrower under this Agreement shall be determined as if such Lender had not sold such
participating interests, and the Borrower and the Administrative Agent shall continue to deal
solely and directly with such Lender in connection with such Lender’s rights and obligations under
the Loan Documents. In no event shall any Participant have any right to approve any amendment or
waiver of any provision of any Loan Document, or any consent to any departure by Borrower or any
Guarantor therefrom, except to the extent that such amendment, waiver or consent would reduce the
principal of, or interest on, the Loans or any fees payable hereunder, or postpone the Revolving
Credit Maturity Date, in each case to the extent subject to such participation. Each Lender that
sells a participation shall, acting as an agent of the Borrower solely for this purpose, maintain
a register on which it enters the name

 

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and address of each Participant and the principal amounts
(and stated interest) of each Participant’s interest in the Loans or other obligations under this
Agreement (the “Participant Register”); provided that no Lender shall have any obligation to
disclose all or any portion of the Participant Register to any Person except to the extent that
such disclosure is necessary to establish compliance with any applicable provision of the Code,
including to establish that any Commitment, Loan or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations. The entities in the Participant
Register shall be conclusive absent manifest error, and such Lender shall treat each person whose
name is recorded in the Participant Register as the owner of such participation for all purposes
of this Agreement.

               (c) Any Lender may, in the ordinary course of its business and in accordance with applicable
law, at any time assign to one or more banks, finance companies, or other financial institutions
that are engaged in making, purchasing or otherwise investing in commercial loans in the ordinary
course of its business (“Purchasers”) all or any part of its rights and obligations under the Loan
Documents. Such assignment shall be pursuant to an Assignment and Assumption. The consent of the
Administrative Agent (which consent shall not be unreasonably withheld or delayed) shall be
required prior to an assignment becoming effective and, unless a Default or Event of Default has
occurred and is continuing or such assignment is to a Lender or an Affiliate of a Lender, the
consent of the Borrower shall also be required prior to an assignment becoming effective (which
consent shall not be unreasonably withheld or delayed). Each such assignment shall be in an
amount not less than the lesser of (i) $10,000,000, or (ii) the remaining amount of the assigning
Lender’s Commitment (calculated as at the date of such assignment). Upon (i) delivery to the
Administrative Agent of an Assignment and Assumption, together with any consents required above,
and (ii) payment of a $3,500 fee to the Administrative Agent for processing such assignment, such
assignment shall become effective on the effective date specified in such Assignment and
Assumption. On and after the effective date of such assignment, such Purchaser shall for all
purposes be a Lender to this Agreement and any other Loan Document executed by the Lenders and
shall have all the rights and obligations of a Lender under the Loan Documents, to the same extent
as if it were an original party hereto, and no further consent or action by the Borrower, the
Lenders or the Administrative Agent shall be required to release the transferor Lender, and the
transferor
Lender shall be released without any further action, with respect to the Commitments,
Alternative Currency Sublimit and Revolving Loans and Alternative Currency Loans assigned to such
Purchaser. Any assignment or transfer by a Lender of rights or obligations under this Agreement
that does not comply with this Section 11.4(c) 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 Section
11.4(b) of this Agreement. Upon the consummation of any assignment to a Purchaser pursuant to
this Section 11.4(c), the transferor Lender, the Administrative Agent and the Borrower shall make
appropriate arrangements so that replacement Revolving Notes and Alternative Currency Notes, if
applicable, are issued to such transferor Lender and new Revolving Notes and Alternative Currency
Notes or, as appropriate, replacement Revolving Notes and Alternative Currency Notes, are issued
to such Purchaser, in each case in principal amounts reflecting their respective Commitments and
Alternative Currency Sublimits, as adjusted pursuant to such assignment.

 

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               (d) Any Lender may at any time pledge or assign all or any portion of its rights under the
Loan Documents to any of the twelve (12) Federal Reserve Banks organized under Section 4 of the
Federal Reserve Act, 12 U.S.C. Section 341. No such pledge or assignment or enforcement thereof
shall release Lender from its obligations under any of the Loan Documents.

               (e) Notwithstanding anything to the contrary contained herein, if at any time the Issuing
Bank assigns all of its Commitment pursuant to this Section 11.4, the Issuing Bank may, upon sixty
(60) days’ notice to the Borrower and the Lenders, resign as Issuing Bank. In the event of any
such resignation as Issuing Bank, the Borrower shall be entitled to appoint from among the Lenders
a successor Issuing Bank hereunder subject to the consent of such successor Issuing Bank and the
consent of the Required Lenders; provided, however, that no failure by the Borrower to appoint any
such successor shall affect the resignation of the Issuing Bank as Issuing Bank. If the Issuing
Bank resigns as Issuing Bank, it shall retain all the rights, powers, privileges and duties of the
Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the effective date
of its resignation issued by the Issuing Bank and all unreimbursed amounts of any LC Disbursements
with respect thereto (including the right to require the Lenders to fund risk participations in
such amounts pursuant to Section 2.4(e)(ii)). Upon the appointment of a successor Issuing Bank,
(a) such successor shall succeed to and become vested with all of the rights, powers, privileges
and duties of the retiring Issuing Bank, and (b) the successor Issuing Bank shall issue letters of
credit in substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangements satisfactory to the resigning Issuing Bank to effectively
assume the obligations of such Issuing Bank with respect to such Letters of Credit.

          11.5 Successors and Assigns. Borrower, Lenders, Administrative Agent, Lead Syndication
Agent, Co-Syndication Agents and Documentation Agent as used herein shall include the legal
representatives, successors and assigns of those parties.

          11.6 Notices. Any notice or demand to be given hereunder shall be in writing, unless
otherwise expressly provided herein and shall be deemed to have been given or made when delivered
by hand or facsimile, and one (1) Business Day after being delivered to a courier for express
delivery, to the address below, or three (3) Business Days after being deposited in an official
depository maintained by the United States Post Office for the collection of mail, postage prepaid
and by registered or certified mail, return receipt requested, and addressed as follows:

	 	 	 	 	 

	To the Borrower

	 	—
	 	Moog Inc.

Jamison Road and Seneca Street

East Aurora, NY 14052-0018

Attn: Timothy P. Balkin, Treasurer

Facsimile No.: 716-687-4506

Telephone No.: 716-687-4457

 

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	With a copy to

(which shall not 

constitute notice)

	 	—
	 	Hodgson Russ LLP

The Guaranty Building

140 Pearl Street, Suite 100

Buffalo, NY 14202

Attn: Victoria J. Saxon, Partner

Facsimile No.: 716-849-0349

Telephone No.: 716-848-1755
	 
	 	 	 	 
	To the Administrative

Agent

	 	—
	 	HSBC Bank USA, National Association

Commercial Banking Department

One HSBC Center

Buffalo, NY 14203

Attn: Gregory R. Duval, Vice President

Facsimile No.: 716-841-1968

Telephone No.: 716-841-6768
	 
	 	 	 	 
	With a copy to

(which shall not 

constitute notice)

	 	—
	 	Phillips Lytle LLP

3400 HSBC Center

Buffalo, New York 14203

Attn: Raymond H. Seitz, Partner

Facsimile No.: 716-852-6100

Telephone No.: 716-847-7065

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 or the Borrower may in its discretion, agree to accept notices and other communications to it
hereunder
by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications.

          11.7 Governing Law. This Agreement, the transactions described herein and the obligations
of the Lenders, the Administrative Agent and the Borrower shall be construed under, and governed
by, the internal laws of the State of New York without regard to principles of conflicts of laws
that would require the application of the laws of another jurisdiction.

          11.8 Counterparts. This Agreement may be executed in any number of counterparts and by the
Administrative Agent, the Lenders and the Borrower on separate counterparts, each of which when so
executed and delivered shall be an original, but all such counterparts shall together constitute
one and the same Agreement.

          11.9 Titles. Titles to the sections of this Agreement are solely for the convenience of
the Administrative Agent, the Lenders and the Borrower, and are not an aid in the interpretation of
this Agreement or any part thereof.

 

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          11.10 Inconsistent Provisions. The terms of this Agreement and any related agreements,
instruments or other documents shall be cumulative except to the extent that they are specifically
inconsistent with each other, in which case the terms of this Agreement shall prevail.

          11.11 Course of Dealing. Without limitation of the foregoing, the Administrative Agent and
the Lenders shall have the right, but not the obligation, at all times to enforce the provisions of
this Agreement and all other documents executed in connection herewith in strict accordance with
their terms, notwithstanding any course of dealing or performance by the Lenders or the
Administrative Agent in refraining from so doing at any time and notwithstanding any custom in the
banking trade. Any delay or failure by the Lenders or the Administrative Agent at any time or
times in enforcing its rights under such provisions in strict accordance with their terms shall not
be construed as having created a course of dealing or performance modifying or waiving the specific
provisions of this Agreement.

          11.12 USA Patriot Act Notification. Each Lender hereby notifies the Borrower that pursuant
to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56), such Lender is required
to obtain, verify and record information
that identifies Borrower, which information includes the name and address of such Borrower and
other information that will allow such Lender to identify such Borrower in accordance with the USA
Patriot Act (collectively, the “Customer Identification Materials”). Borrower has delivered to the
Administrative Agent, and the Administrative Agent acknowledges receipt from the Borrower of, the
Customer Identification Materials requested by the Administrative Agent to satisfy the
Administrative Agent’s regulatory requirements with respect thereto. Borrower consents to the
dissemination of such Customer Identification Materials by the Administrative Agent to each Lender.

          11.13 Right of Set-Off. If an Event of Default shall have occurred and be continuing, each
Lender, the Issuing Bank and each of their respective Affiliates is hereby authorized at any time
and from time to time, after obtaining the prior written consent of the Administrative Agent, to
the fullest extent permitted by applicable law, to set-off and apply any and all deposits (general
obligations (in whatever currency) at any time owing by such Lender, the Issuing Bank or any such
Affiliate to or for the credit or the account of any Borrower or any other Guarantor against any
and all of the obligations of such Borrower or such Guarantor now or hereafter existing under this
Agreement or any other Loan Document to such Lender or the Issuing Bank, irrespective of whether or
not such Lender or the Issuing Bank shall have made any demand under this Agreement or any other
Loan Document and although such obligations of such Borrower or such Guarantor may be contingent or
unmatured or are owed to a branch or office of such Lender or the Issuing Bank different from the
branch or office holding such deposit or obligated on such indebtedness. The rights of each
Lender, the Issuing Bank and their respective Affiliates under this Section are in addition to
other rights and remedies (including other rights of set-off) that such Lender, the Issuing Bank or
their respective Affiliates may have. Each Lender and the Issuing Bank agrees to notify the
Borrower and the Administrative Agent promptly after any such set-off and application,
provided that the failure to give such notice shall not affect the validity of such set-off
and application.

 

-107-

          11.14 Judgment Currency. This is a loan transaction in which the specification of Pounds
Sterling, Euro, Japanese Yen, Canadian Dollars, or Dollars is of the essence, and the Applicable
Currency shall in each instance be the currency of account and payment in all instances. A payment
obligation in one currency hereunder (the “Original Currency”) shall not be discharged by an amount
paid in another currency (the “Other Currency”), whether pursuant to any judgment expressed in or
converted into any Other Currency or in another place except to the extent that such tender or
recovery results in the effective receipt by a lender, or the Administrative Agent of the full
amount of the Original Currency payable to such party. If for the purpose of obtaining judgment in
any court it is necessary to convert a sum due hereunder in the Original Currency into the Other
Currency, the rate of exchange that shall be the applicable Spot Rate. The obligation of the
Borrower and the Guarantors in respect of any such sum due from it to the Agent, the Issuing Bank
or any Lender under any Loan Document (each 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 Other Currency such Entitled Person may in accordance with
normal banking procedures purchase the Original Currency with the amount of the judgment currency
so adjudged to be due; and the Borrower, 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 Original Currency, the amount (if any) by which the sum originally due to such
Entitled Person in the Original Currency hereunder exceeds the amount of the Other Currency so
purchased.

          11.15 No Advisory Or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby, the Borrower acknowledges and agrees, and acknowledges its
Affiliates’ understanding, that: (i) the credit facility provided for hereunder and any related
arranging or other services in connection therewith (including in connection with any amendment,
waiver or other modification hereof or of any other Loan Document) are an arm’s-length commercial
transaction between the Borrower and its Affiliates, on the one hand, and the Administrative Agent,
the Arranger and the Lenders, on the other hand, and the Borrower is capable of evaluating and
understanding and understands and accepts the terms, risks and conditions of the transactions
contemplated hereby and by the other Loan Documents (including any amendment, waiver or other
modification hereof or thereof); (ii) in connection with the process leading to such transaction,
the Administrative Agent, the Arranger and the Lenders each is and has been acting solely as a
principal and is not the financial advisor, agent or fiduciary, for the Borrower or any of its
Affiliates, stockholders, creditors or employees or any other Person; (iii) none of the
Administrative Agent, the Arranger nor any Lender has assumed or will assume an advisory, agency or
fiduciary responsibility in favor of the Borrower with respect to any of the transactions
contemplated hereby or the process leading thereto, including with respect to any amendment, waiver
or other modification hereof or of any other Loan Document (irrespective of whether the
Administrative Agent, the Arranger or any Lender has advised or is currently advising the Borrower
or its Affiliates on other matters) and none of the Administrative Agent, the Arranger nor any
Lender has any obligation to the Borrower or its Affiliates with respect to the transactions
contemplated hereby except those obligations expressly set forth herein and in the other Loan
Documents; (iv) the Administrative Agent, the Arranger,

 

-108-

the Lenders and their respective Affiliates
may be engaged in a broad range of transactions that involve interests that differ from those of
the Borrower and its Affiliates, and none of the Administrative Agent, the Arranger nor any Lender
has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary
relationship; and (v) none of the Administrative Agent, the Arranger nor any Lender has provided or
will provide any legal, accounting, regulatory or tax advice with respect to any of the
transactions contemplated hereby (including any amendment, waiver or other modification hereof or
of any other Loan Document) and the Borrower has consulted its own legal, accounting, regulatory
and tax advisors to the extent it has deemed appropriate. The Borrower hereby waives and releases,
to the fullest extent permitted by law, any claims that it may have against the Administrative
Agent, the Arranger or any Lender with respect to any breach or alleged breach of agency or
fiduciary duty.

          11.16 CONSENT TO JURISDICTION. BORROWER, EACH OF THE AGENTS AND EACH LENDER, AGREES THAT
ANY ACTION OR PROCEEDING TO ENFORCE OR ARISING OUT OF THIS AGREEMENT MAY BE COMMENCED IN THE
SUPREME COURT OF NEW YORK IN ERIE COUNTY, OR IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN
DISTRICT OF NEW YORK. BORROWER WAIVES PERSONAL SERVICE OF PROCESS AND AGREES THAT A SUMMONS AND
COMPLAINT COMMENCING AN ACTION OR PROCEEDING IN ANY SUCH COURT SHALL BE PROPERLY SERVED AND SHALL
CONFER PERSONAL JURISDICTION IF SERVED BY REGISTERED OR CERTIFIED MAIL TO THE BORROWER, AT THE
ADDRESS SET FORTH AT THE BEGINNING OF THIS AGREEMENT, OR AS PROVIDED BY THE LAWS OF THE STATE OF
NEW YORK OR THE UNITED STATES.

          11.17 JURY TRIAL WAIVER. BORROWER, EACH OF THE AGENTS AND EACH LENDER, HEREBY KNOWINGLY,
VOLUNTARILY, AND INTENTIONALLY WAIVE ANY RIGHT TO TRIAL BY JURY THEY MAY HAVE IN ANY ACTION OR
PROCEEDING, IN LAW OR IN EQUITY, IN CONNECTION WITH THIS AGREEMENT OR ANY LOAN DOCUMENT OR THE
TRANSACTIONS RELATED HERETO. BORROWER REPRESENTS AND WARRANTS THAT NEITHER ANY REPRESENTATIVE OF
THE AGENTS OR ANY LENDER NOR THE AGENTS NOR ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT THE AGENTS OR ANY LENDER WILL NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THIS JURY TRIAL
WAIVER. BORROWER ACKNOWLEDGES THAT THE AGENTS AND THE LENDERS HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE PROVISIONS OF THIS SECTION.

 

-109-

          11.18 AMENDMENT AND RESTATEMENT. This Agreement is intended solely as an amendment of, and
contemporaneous restatement of, the terms and conditions of the 2006 Credit Agreement and this
Agreement is not intended and should not be construed as in any way extinguishing the Indebtedness
under, or terminating the 2006 Credit Agreement or any of the Security Documents granted in
connection therewith, each of which shall remain in full force and effect, except as modified
herein or in the Security Documents, and continue to secure the obligations of the Borrower and the
Guarantors under the Loan Documents as set forth therein.

[SIGNATURE PAGES FOLLOW]

 

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be signed by their
duly authorized officers all as of March 18, 2011.

	 	 	 	 	 
	 	MOOG INC., as the Borrower

 	 
	 	By:  	 	 
	 	 	Name:  	Timothy P. Balkin 	 
	 	 	Title:  	Treasurer 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	HSBC BANK USA, NATIONAL

ASSOCIATION, as a Lender, the

Swingline Lender and the Issuing Bank

 	 
	 	By:  	 	 
	 	 	Name:  	Gregory R. Duval 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	HSBC BANK USA, NATIONAL

ASSOCIATION, as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	Gregory R. Duval 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	MANUFACTURERS AND TRADERS TRUST 

COMPANY, as Lead Syndication

Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name: 	Mark E. Hoffman 	 
	 	 	Title: 	Vice President	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A.,

as a Co-Syndication Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Thomas C. Lillis 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,

as a Co-Syndication Agent and as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Karen L. Mikols 	 
	 	 	Title:  	Authorized Officer 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	CITIZENS BANK OF PENNSYLVANIA,

as Documentation Agent and a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Edward J. Kloecker, Jr. 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

NEW YORK BRANCH, as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Maria Iarriccio 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Thomas J. Grys 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	James M. Stevenson 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Martin H. McGinty 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	NORTHERN TRUST, as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Ashish S. Bhagwat 	 
	 	 	Title:  	Senior Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	FIRST NIAGARA BANK, N.A., as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Penny S. Hokanson 	 
	 	 	Title:  	Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	RBC BANK (USA), as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Richard Marshall 	 
	 	 	Title:  	Market Executive-National Division 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Richard Smith 	 
	 	 	Title:  	Authorized Signatory 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	Kenneth Fieler 	 
	 	 	Title:  	Assistant Vice President 	 
	 

[Signature Page to Moog Loan Agreement]

 

 

EXHIBIT A

REPLACEMENT REVOLVING NOTE

			
	$                    
	 	Buffalo, New York

March ___, 2011

          FOR VALUE RECEIVED, the undersigned, MOOG INC. (“Borrower”) hereby unconditionally promises to
pay, on or before March 18, 2016, to the order of ___________________ (“Lender”) at the
Administrative Agent’s Commercial Banking Department’s office at One HSBC Center, Buffalo, New York
14203, or at the holder’s option, at such other place as may be designated by the holder, in lawful
money of the United States of America, a principal sum equal to the lesser of
___________________________ ($__________________) or the aggregate unpaid principal amount of all
Revolving Loans made by Lender to the Borrower from time to time under a Third Amended and Restated
Loan Agreement, dated of as of March ___, 2011, among the Borrower, HSBC Bank USA, National
Association as administrative agent, for itself, the Lender and other lending institutions and
issuing bank(s) now or hereafter parties thereto, as the same has been and may hereafter be
amended, supplemented, renewed, restated, replaced or otherwise modified from time to time (“Loan
Agreement”) as evidenced by the inscriptions made on the schedule attached hereto, or any
continuation thereof (“Schedule”). The Borrower further promises to pay interest on the unpaid
principal amount hereof from time to time at the rates and at such times as are specified in the
Loan Agreement. All capitalized terms used herein and not otherwise defined herein shall have the
meanings specified in the Loan Agreement.

          The Lender and each holder of this Note are authorized to inscribe on the Schedule, the date
of the making of each Revolving Loan, the amount of each Revolving Loan, the applicable Rate
Options and Interest Periods, all payments on account of principal and the aggregate outstanding
principal balance of this Note from time to time unpaid. Each entry set forth on the Schedule
shall be prima facie evidence of the facts so set forth. No failure by the Lender or any holder of
this Note to make, and no error in making, any inscriptions on the Schedule shall affect Borrower’s
obligation to repay the full principal amount loaned to or for the account of Borrower, or the
Borrower’s obligation to pay interest thereon at the agreed upon rate.

          If any payment on this Note becomes due and payable on a day other than a Business Day, the
maturity thereof shall be extended to the next succeeding Business Day, and the Borrower will pay
interest thereon at the then applicable rate until the date of actual receipt of such installment
by the holder of this Note.

          No failure by the holder to exercise, and no delay in exercising, any right or power hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise by the holder of any
right or powers hereunder preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the holder as herein specified

 

 

-2-

are cumulative and
not exclusive of any other rights or remedies which the holder may otherwise have.

          No modification, rescission, waiver, release or amendment of any provision of this Note shall
be made except by a written agreement subscribed by a duly authorized officer of the Borrower and
the holder hereof.

          Borrower waives diligence, presentment, protest and demand, and also notice of protest,
demand, dishonor and nonpayment of this Note.

          This Note evidences a borrowing under the Loan Agreement to which reference is hereby made
with respect to interest rate options and periods, prepayments of principal hereof prior to the
maturity hereof upon the terms and conditions therein specified, and rights of acceleration of the
principal hereof on the occurrence of certain events. The obligations of the Borrower under this
Note, and the obligations of the Guarantors under the Loan Documents, are secured by the Collateral
referred to in the Security Documents.

          Borrower agrees to pay on demand all reasonable costs and expenses incurred by the holder in
enforcing this Note or in collecting the indebtedness evidenced hereby, including, without
limitation, if the holder retains counsel for any such purpose, reasonable attorneys’ fees and
expenses.

          This Note shall be construed under, and governed by, the internal laws of the State of New
York without regard to principles of conflicts of laws.

          This Note is given in replacement of and substitution for, but not repayment of, that certain
Replacement Revolving Note issued by Borrower in the original maximum principal amount of
$_____________ dated ______________ which note had been assigned by the original holder thereof to
HSBC Bank USA, National Association as Administrative Agent pursuant to an Omnibus Assignment and
Acceptance of even date herewith.

	 	 	 	 	 
	 	MOOG INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

SCHEDULE

LOANS AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	DATE LOAN	 	AMOUNT OF	 	 	 	 	 	AMOUNT OF	 	AGGREGATE	 	 
	 	 	MADE, CON-	 	LOAN MADE,	 	INTEREST	 	 	 	PRINCIPAL	 	UNPAID	 	NOTATION
	 	 	TINED OR	 	CONTINUED OR	 	PERIOD	 	DUE	 	PAID OR	 	PRINCIPAL	 	MADE BY
	TYPE OF LOAN	 	CONVERTED	 	CONVERTED	 	DATES	 	DATE	 	PREPAID	 	BALANCE	 	AND DATE
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

EXHIBIT B

REPLACEMENT ALTERNATIVE CURRENCY NOTE

Dated: March ___, 2011

$                    

(Assigned Dollar Value)

          FOR VALUE RECEIVED, the undersigned, MOOG INC., a New York corporation (“Borrower”), HEREBY
PROMISES TO PAY to the order of ______________ ______________________ (the “Lender”) for the
account of its Applicable Lending Office (as defined in the Loan Agreement referred to below) the
aggregate principal amount of the Alternative Currency Loans (as defined below) owing to the Lender
by the Borrower on the Revolving Credit Maturity Date pursuant to a Third Amended and Restated Loan
Agreement, dated as of March 18, 2011 among the Borrower, HSBC Bank USA, National Association as
administrative agent, for itself, the Lender and other lending institutions and issuing bank(s) now
or hereafter parties thereto, as the same may hereafter be amended, supplemented, renewed,
restated, replaced or otherwise modified from time to time (“Loan Agreement”). All capitalized
terms used herein and not otherwise defined herein shall have the meanings specified in the Loan
Agreement.

          The Borrower promises to pay interest on the unpaid principal amount of each Alternative
Currency Loan from the date of such Alternative Currency Loan until such principal amount is paid
in full, at such interest rates, and payable at such times, as are specified in the Loan Agreement.

          The Borrower acknowledges and agrees that each Alternative Currency Loan shall be repaid or
prepaid, as the case may be, by the Borrower in the Alternative Currency in which such Alternative
Currency Loan was made, regardless of whether the Dollar Equivalent thereof at the time of payment
is less than, equal to or greater than the Alternative Currency Commitment of the Lender. Both
principal and interest are payable in the Alternative Currency in which each respective Alternative
Currency Loan evidenced hereby was made, to HSBC Bank USA, National Association, as Administrative
Agent for the Lenders, at One HSBC Center, Buffalo, New York 14202, Attention: Commercial Banking
Department, in same day funds customary for the settlement of international transactions in such
Alternative Currency. Each Alternative Currency Loan owing to the Lender by the Borrower and the
maturity thereof, and all payments made on account of principal thereof, shall be recorded by the
Lender and, prior to any transfer hereof, endorsed on the schedule attached hereto or any
continuation thereof, which is part of this Note (“Schedule”).

          This promissory note is one of the Notes referred to in, and is entitled to the benefits of,
the Loan Agreement. The Loan Agreement, among other things, (i) provides for the making of
revolving loans denominated in an Alternative Currency (the “Alternative Currency

 

 

-2-

Loans”) by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any
time outstanding the Assigned Dollar Value of the Dollar amount first above mentioned, the
indebtedness of the Borrower resulting from each such Alternative Currency Loan being evidence by
this Note, and (ii) contains provisions for acceleration of the maturity hereof on the occurrence
of certain events and also for prepayments on account of principal hereof prior to the maturity
hereof upon the terms and conditions therein specified. The obligations of the Borrower under this
Note, and the obligations of the Guarantors under the Loan Documents, are secured by the Collateral
referred to in the Security Documents.

          Borrower agrees to pay on demand all reasonable costs and expenses incurred by the holder in
enforcing this Note or in collecting the indebtedness evidenced hereby, including, without
limitation, if the holder retains counsel for any such purpose, reasonable attorneys’ fees and
expenses.

          This Note shall be construed under, and governed by, the internal laws of the State of New
York without regard to principles of conflicts of laws.

          This Note is given in replacement of and substitution for, but not repayment of, that certain
Alternative Currency Note issued by Borrower in the original maximum principal amount of
$_____________ dated ______________ which note had been assigned by the original holder thereof to
HSBC Bank USA, National Association as Administrative Agent pursuant to an Omnibus Assignment and
Acceptance of even date herewith.

	 	 	 	 	 
	 	MOOG INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

ALTERNATIVE CURRENCY LOANS

AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 
	 	 	AMOUNT OF	 	AMOUNT OF	 	 	 	 
	 	 	ALTERNATIVE	 	PRINCIPAL PAID OR	 	UNPAID PRINCIPAL	 	NOTATION MADE
	DATE	 	LOAN*	 	PREPAID*	 	BALANCE*	 	BY
	 
	 	 	 	 	 	 	 	 

 

			
	*	 	Specify Alternative Currency

 

 

EXHIBIT C

REPLACEMENT SWINGLINE NOTE

			
	 
	 	Buffalo, New York
	$25,000,000.00
	 	March ____, 2011

          FOR VALUE RECEIVED, the undersigned, MOOG INC., a New York business corporation having its
principal place of business at Jamison Road and Seneca Street, East Aurora, New York 14052-0018
(“Borrower”) promises to pay, ON DEMAND, to the order of HSBC BANK USA, NATIONAL ASSOCIATION
(“Lender”) at the banking office of the Administrative Agent (as defined in the Loan Agreement, as
hereinafter defined) at One HSBC Center, Buffalo, New York 14203, in lawful money of the United
States and in immediately available funds, the lesser of (i) the principal amount of Twenty-Five
Million Dollars ($25,000,000.00) or (ii) the aggregate amount of all unpaid Swingline Loans made by
Lender to Borrower as shown on the schedule on the reverse side of this Note or any continuation
schedule (“Schedule”) together with interest as provided in the next paragraph. In this Note, any
capitalized term not defined in this Note has the meaning defined in a Third Amended and Restated
Loan Agreement, dated as of March 18, 2011, among the Borrower, HSBC Bank USA, National Association
as administrative agent, for itself, the Lender and other lending institutions and issuing bank(s)
now or hereafter parties thereto, as the same may hereafter be amended, supplemented, renewed,
restated, replaced or otherwise modified from time to time (“Loan Agreement”).

          From and including the date of this Note to but not including the date the outstanding
principal amount of this Note is paid in full, the Borrower shall pay to the Administrative Agent
for the account of the holder of this Note (“Holder”) interest on such outstanding principal amount
at a rate per year that shall on each day prior to demand be equal to 1% in excess of the Alternate
Base Rate from time to time in effect (“Interest Rate”). After an unsatisfied demand for payment,
this Note shall bear interest at a per annum rate of interest equal to 2% in excess of the Interest
Rate from time to time in effect. In no event shall such interest be payable at a rate in excess
of the maximum rate of interest permitted by applicable law. A payment of such interest shall
become due on the first day of each calendar month, beginning on April 1, 2011 and on the date this
Note is repaid in full. Interest shall be calculated on the basis of a 365-day year or 366-day
year, as applicable, for the actual number of days elapsed.

          The Holder is authorized to inscribe on the Schedule the date of each Swingline Loan made
hereunder, each repayment of principal and the aggregate unpaid principal balance of this Note.
Each entry set forth on the Schedule shall be prima facie evidence of the facts so set forth. No
failure by the Holder to make, and no error by the Holder in making, any inscription on the
Schedule shall affect the Borrower’s obligation to repay the full amount advanced on this Note to
or for the account of the Borrower, or Borrower’s obligation to pay interest thereon at this agreed
upon rate.

 

 

-2-

          If any payment on this Note becomes due and payable on a day other than a Business Day, the
maturity thereof shall be extended to the next succeeding Business Day, and the Borrower will pay
interest thereon at the then applicable rate until the date of actual receipt of such installment
by the holder of this Note.

          No failure by the holder to exercise, and no delay in exercising, any right or power hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise by the holder of any
right or powers hereunder preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the holder as herein specified are cumulative and
not exclusive of any other rights or remedies which the holder may otherwise have.

          No modification, rescission, waiver, release or amendment of any provision of this Note shall
be made except by a written agreement subscribed by a duly authorized officer of the Borrower and
the holder hereof.

          Borrower waives diligence, presentment, protest and demand, and also notice of protest,
demand, dishonor and nonpayment of this Note.

          This Note is the Swingline Note referred to in the Loan Agreement and is otherwise entitled to
the benefits of the Loan Agreement. The obligations of the Borrower under this Note, and the
obligations of the Guarantors under the Loan Documents, are secured by the Collateral referred to
in the Security Documents.

          Borrower agrees to pay on demand all reasonable costs and expenses incurred by the holder in
enforcing this Note or in collecting the indebtedness evidenced hereby, including, without
limitation, if the holder retains counsel for any such purpose, reasonable attorneys’ fees and
expenses.

          This Note shall be construed under, and governed by, the internal laws of the State of New
York without regard to principles of conflicts of laws.

          This Note is given in replacement of and substitution for, but not repayment of, that certain
Replacement Swingline Note issued by Borrower in the original maximum principal amount of
$25,000,000 dated March 14, 2008 which note had been assigned by the original holder thereof to
HSBC Bank USA, National Association as Administrative Agent pursuant to an Omnibus Assignment and
Acceptance of even date herewith.

	 	 	 	 	 
	 	MOOG INC.

 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

SCHEDULE

SWINGLINE LOANS AND PAYMENTS OF PRINCIPAL

	 	 	 	 	 	 	 	 	 
	 	 	 	 	AMOUNT OF	 	AGGREGATE	 	 
	 	 	PRINCIPAL	 	PRINCIPAL PAID OR	 	UNPAID PRINCIPAL	 	INSCRIPTION MADE
	DATE	 	AMOUNT	 	REPAID	 	BALANCE	 	BY
	 
	 	 	 	 	 	 	 	 

 

 

 

EXHIBIT D

REQUEST CERTIFICATE

          The undersigned as Borrower hereby certifies to HSBC Bank USA, National Association, in
accordance with the terms of a Third Amended and Restated Loan Agreement, dated as of March 18,
2011, among Moog Inc., HSBC Bank USA, National Association as administrative agent, for itself, the
Lenders and other lending institutions and issuing bank(s) now or hereafter parties thereto, as the
same may have been and may hereafter be, amended, supplemented, renewed, restated, replaced or
otherwise modified from time to time (“Agreement”) that:

          The undersigned requests or has requested a:

          (Check One)

               o    Revolving Loan

               o    Alternative Currency Loan

                    to be made to Moog Inc. which will be a

          (Check One)

               o    new loan

               o    conversion

               o    continuation

                    of a

          (Check One)

               o    Libor Loan (Only option for Alternative Currency Loan)

               o    ABR Loan

                    to a or as a

          (Check One)

               o    Libor Loan

               o    ABR Loan

 

-2-

in the amount of $_____________ for an Interest Period, if applicable, of

          (Check One)

               o    one month.

               o    two months.

               o    three months.

               o    six months.

The proposed loan/conversion/continuation is to be made on ____________, ____ .

          The undersigned certifies that as of the date hereof:

          (i) there does not exist any Event of Default, Default or Material Adverse Effect;

          (ii) each representation and warranty made in the Agreement and any Loan Document to which the
Borrower is a party and in any certificate, document or financial or other statement furnished at
any time thereunder is true, correct and complete in all material respects with the same effect as
though such representations and warranties had been made on the date hereof, except to the extent
any such representation and warranty relates solely to an earlier date, or to the extent any such
representation and warranty has been updated in a certificate executed by a Responsible Officer and
received by the Administrative Agent before the date hereof; and

          (iii) the incurrence of the Indebtedness requested in this certificate is permitted by the
terms of the Current Indentures (as defined in the Agreement) and any other subordinated indenture
pursuant to which Subordinated Indebtedness has been issued (“Other Indenture”) and will constitute
Senior Debt and Designated Senior Debt under, and as defined in, the Current Indentures or any
Other Indenture.

          WITNESS the signature of the undersigned authorized signatory of the Borrower this ____ day of
_____________, ___.

	 	 	 	 	 
	 	MOOG INC.

 	 
	 	By:  	 	 
	 	 	(Title) 	 
	 	 	 	 

 

	 	 	 	 	 

EXHIBIT E

COMPLIANCE CERTIFICATE

          The undersigned hereby certifies to the Administrative Agent and the Lenders, in accordance
with the terms of a Third Amended and Restated Loan Agreement, dated as of March 18, 2011, among
Moog Inc., HSBC Bank USA, National Association as Administrative Agent, for itself, the Lenders and
other lending institutions and issuing bank(s) now or hereafter parties thereto, as the same may
have been and may hereafter be, amended, supplemented, renewed, restated, replaced or otherwise
modified from time to time (“Agreement”), that:

A. General

          1. Capitalized terms not defined herein shall have the meanings set forth in the Agreement.

          2. Borrower has complied in all material respects with all the terms, covenants and conditions
to be performed or observed by it contained in the Agreement and the Loan Documents, there exists
no Event of Default or Default under the Agreement and there exists no Material Adverse Effect.

          3. The representations and warranties contained in the Agreement, in any Loan Document to
which the Borrower is a party and in any certificate, document or financial or other statement
furnished at any time thereunder are true, correct and complete in all material respects with the
same effect as though such representations and warranties had been made on the date hereof, except
to the extent that any such representation and warranty relates solely to an earlier date (in which
case such representation and warranty shall be true, correct and complete on and as of such earlier
date).

          4. The Indebtedness outstanding under the Agreement constitutes Senior Debt and Designated
Senior Debt under, and as defined in, the Current Indentures and any other indenture pursuant to
which Subordinated Indebtedness has been issued (“Other Indenture”), and the Agreement constitutes
the “Credit Agreement” thereunder.

 

-2-

B. Financial Covenants

          1. As of the date hereof or, for such period as may be designated below, the computations,
ratios and calculations as set forth below, are true and correct:

          (a) Covenant 6.1. Interest Coverage Ratio.

	 	 	 	 	 
	(i)

	 	Consolidated EBITDA
	 	$_________
	 
	(ii)

	 	Consolidated Capital Interest
Expense
	 	$_________
	 
	(iii)

	 	Ratio of (i) to (ii)
	 	                ___ to 1.0
	 
	 

	 	Required Ratio
	 	≤ 3.0 to 1.0

          (b) Covenant 6.2. Leverage Ratio.

	 	 	 	 	 

	(i)

	 	Consolidated Net Debt
	 	$________
	 
	(ii)

	 	Consolidated EBITDA
	 	$________
	 
	(iii)

	 	Ratio of (i) to (ii)
	 	             ___ to 1.0
	 
	 

	 	Required Ratio
	 	≥ 3.5 to 1.0

          (c) Covenant 6.3. Consolidated Capital Expenditures.

	 	 	 	 	 

	 

	 	Consolidated Capital Expenditures
	 	$________
	 
	 

	 	Required Amount
	 ≥ 	$________

          IN WITNESS WHEREOF, the undersigned, a Financial Officer of the Borrower, has executed and
delivered this certificate on behalf of the Borrower on
___________, 20__.

	 	 	 	 	 
	 	MOOG INC.

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

EXHIBIT F

ASSIGNMENT AND ASSUMPTION

     This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective
Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”)
and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein
shall have the meanings given to them in the Agreement identified below (as amended, the
“Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard
Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated
herein by reference and made a part of this Assignment and Assumption as if set forth herein in
full.

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including any letters of credit,
guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii)
above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment
is without recourse to the Assignor and, except as expressly provided in this Assignment and
Assumption, without representation or warranty by the Assignor.

	 	 	 	 	 

	1.
	 	Assignor:	 	_______________________________
	 
	2.
	 	Assignee:	 	_______________________________
	 
	 	 	 	[and is an Affiliate/Approved Fund of [identify Lender]1]
	 
	3.
	 	Borrower:	 	Moog Inc.
	 
	4.
	 	Administrative Agent:	 	HSBC Bank USA, National Association, as the administrative agent under the Credit Agreement

 

			
	1	 	Select as applicable.

 

-2-

	 	 	 	 	 
	5.

	 	Credit Agreement:
	 	Third Amended and Restated Loan Agreement dated as of
March 18, 2011 among Moog Inc., HSBC Bank USA, National Association, as Administrative Agent, for
itself, the Lenders and other lending institutions and issuing banks now or hereafter parties
thereto
	6.

	 	Assigned Interest:	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate Amount of	 	Amount of	 	Percentage Assigned
	 	 	Commitment/Loans	 	Commitment/Loans	 	of
	Facility Assigned2	 	for all Lenders	 	Assigned	 	Commitment/Loans3
	 
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 

Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL
BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

     The Assignee agrees to deliver to the Administrative Agent a completed Administrative
Questionnaire in which the Assignee designates one or more Credit Contacts to whom all
syndicate-level information (which may contain material non-public information about the Borrower
and the Subsidiaries and Affiliates of the Borrower, or their respective securities) will be made
available and who may receive such information in accordance with the Assignee’s compliance
procedures and applicable laws, including Federal and state securities laws.

     The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 
	 	ASSIGNOR

[NAME OF ASSIGNOR]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 
	 	ASSIGNEE

[NAME OF ASSIGNEE]

 	 
	 	By:  	 	 
	 	 	Title: 	 
	 	 	 	 
	 

 

			
	2	 	Fill in the appropriate terminology for the
types of facilities under the Credit Agreement that are being assigned under
this Assignment (e.g. “Commitment,” “Alternative Currency Sublimit,” etc.)
	 
	3	 	Set forth, to at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.

 

-3-

[Consented to and]4 Accepted:

HSBC Bank USA, National Association, as

Administrative Agent

	 	 	 	 	 
	 	 	 
	By  	 	 	 
	 	Title: 	 	 
	 	 	 	 
	[Consented to:]5

[NAME OF RELEVANT PARTY]

 	 	 
	By  	 	 	 
	 	Title: 	 	 
	 	 	 	 

 

			
	4	 	To be added only if the consent of the
Administrative Agent is required by the terms of the Credit Agreement.
	 
	5	 	To be added only if the consent of the
Borrower and/or other parties (e.g. Swingline Lender, Issuing Bank) is required
by the terms of the Credit Agreement.

 

ANNEX 1

to

Assignment and Assumption

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

     1. Representations and Warranties.

     1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in
respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document.

     1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a
Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as
applicable, and such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and
without reliance on the Administrative Agent or any other Lender, (v) if it is a Non-U.S. Lender,
attached to the Assignment and Assumption is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(vi) it does not bear a relationship to the Borrower described in Section 108(e)(4) of the Code;
and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent,
the Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest,

 

 

-2-

fees and other amounts) to the Assignor for amounts which have accrued to but excluding the
Effective Date and to the Assignee for amounts which have accrued from and after the Effective
Date.

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment
and Assumption may be executed in any number of counterparts, which together shall constitute one
instrument. Delivery of an executed counterpart of a signature page of this Assignment and
Assumption by facsimile shall be effective as delivery of a manually executed counterpart of this
Assignment and Assumption. This Assignment and Assumption shall be construed in accordance with
and governed by the law of the State of New York, but giving effect to federal laws applicable to
national banks.

 

 

SCHEDULE 1.1

PENSION PLANS

1. The Moog Inc. Employees’ Retirement Plan; and

2. The Flo-Tork, Inc. Defined Benefit Plan and Trust.

 

SCHEDULE 2.1

LENDERS’ COMMITMENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Applicable
	Lender	 	Commitment	 	Percentage
	 
	 	 	 	 
	HSBC Bank USA, National Association
	 	$	120,000,000.00	 	 	 	13.3333333333	%
	Manufacturers and Traders Trust Company
	 	$	120,000,000.00	 	 	 	13.3333333333	%
	Bank of America, N.A.
	 	$	107,500,000.00	 	 	 	11.9444444444	%
	JPMorgan Chase Bank, N.A.
	 	$	107,500,000.00	 	 	 	11.9444444444	%
	Citizens Bank of Pennsylvania
	 	$	85,000,000.00	 	 	 	9.4444444444	%
	Wells Fargo Bank, N.A.
	 	$	70,000,000.00	 	 	 	7.7777777777	%
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
New York Branch
	 	$	70,000,000.00	 	 	 	7.7777777777	%
	PNC Bank, National Association
	 	$	70,000,000.00	 	 	 	7.7777777777	%
	Fifth Third Bank
	 	$	30,000,000.00	 	 	 	3.3333333333	%
	Northern Trust
	 	$	30,000,000.00	 	 	 	3.3333333333	%
	First Niagara Bank, N.A.
	 	$	30,000,000.00	 	 	 	3.3333333333	%
	U.S. Bank National Association
	 	$	30,000,000.00	 	 	 	3.3333333333	%
	RBC Bank (USA)
	 	$	15,000,000.00	 	 	 	1.6666666666	%
	Royal Bank of Canada
	 	$	15,000,000.00	 	 	 	1.6666666666	%
	 
	 	 	 	 
	TOTAL
	 	$	900,000,000.00	 	 	 	100	%
	 	 	 	 	 	 	 	 	 
	 	 	Amount of Alternative	 	Applicable
	Lender	 	Currency Sublimit	 	Percentage
	 
	 	 	 	 
	HSBC Bank USA, National Association
	 	$	20,000,000.00	 	 	 	13.3333333333	%
	Manufacturers and Traders Trust Company
	 	$	20,000,000.00	 	 	 	13.3333333333	%
	Bank of America, N.A.
	 	$	17,916,666.66	 	 	 	11.9444444444	%
	JPMorgan Chase Bank, N.A.
	 	$	17,916,666.66	 	 	 	11.9444444444	%
	Citizens Bank of Pennsylvania
	 	$	14,166,666.67	 	 	 	9.444444444	%
	Wells Fargo Bank, N.A.
	 	$	11,666,666.67	 	 	 	7.777777777	%
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.,
New York Branch
	 	$	11,666,666.67	 	 	 	7.777777777	%
	PNC Bank, National Association
	 	$	11,666,666.67	 	 	 	7.777777777	%
	Fifth Third Bank
	 	$	5,000,000.00	 	 	 	3.333333333	%
	Northern Trust
	 	$	5,000,000.00	 	 	 	3.333333333	%
	First Niagara Bank, N.A.
	 	$	5,000,000.00	 	 	 	3.333333333	%
	U.S. Bank National Association
	 	$	5,000,000.00	 	 	 	3.333333333	%
	RBC Bank (USA)
	 	$	2,500,000.00	 	 	 	1.666666666	%
	Royal Bank of Canada
	 	$	2,500,000.00	 	 	 	1.666666666	%
	 
	 	 	 	 
	TOTAL
	 	$	150,000,000.00	 	 	 	100	%

 

-2-

Applicable Lending Offices:

	 	 	 	 	 
	Lender	 	Domestic Lending Office	 	Libor Lending Office
	 
	 	 	 	 
	HSBC Bank USA, National 

Association

	 	One HSBC Center

Buffalo, NY 14203
	 	One HSBC Center

Buffalo, NY 14203
	 
	 	 	 	 
	Manufacturers and Traders
Trust Company

	 	One Fountain Plaza

12th Floor

Buffalo, NY 14203
	 	One Fountain Plaza

12th Floor

Buffalo, NY 14203
	 
	 	 	 	 
	Bank of America, N.A.

	 	70 Batterson Park Road

Farmington, CT 06032
	 	70 Batterson Park Road

Farmington, CT 06032
	 
	 	 	 	 
	JPMorgan Chase Bank, N.A.

	 	10 South Dearborn

Floor 07

Chicago, IL 60603-2003
	 	10 South Dearborn

Floor 07

Chicago, IL 60603-2003
	 
	 	 	 	 
	Citizens Bank of Pennsylvania

	 	525 William Penn Place

Room 153-2440

Pittsburgh, PA 15219
	 	100 Sockanosett Crossroads

Cranston, RI 02920
	 
	 	 	 	 
	The Bank of Tokyo-
Mitsubishi UFJ, Ltd.,
New York Branch

	 	1251 Avenue of the Americas

12th Floor 

New York, NY 10020
	 	1251 Avenue of the Americas

12th Floor

New York, NY 10022
	 
	 	 	 	 
	Wells Fargo Bank, N.A.

	 	7711 Plantation Road

Roanoke, VA 24019
	 	7711 Plantation Road

Roanoke, VA 24019
	 
	 	 	 	 
	PNC Bank, National 

Association

	 	Two Tower Center Boulevard

21st Floor

East Brunswick, NJ 08816
	 	Two Tower Center Boulevard

21st Floor

East Brunswick, NJ 08816
	 
	 	 	 	 
	Fifth Third Bank

	 	600 Superior Avenue East

3rd Floor

Cleveland, OH 44114
	 	600 Superior Avenue East

3rd Floor

Cleveland, OH 44114
	 
	 	 	 	 
	Northern Trust

	 	50 S. LaSalle

Chicago, IL 60675
	 	50 S. LaSalle

Chicago, IL 60675
	 
	 	 	 	 
	First Niagara Bank, N.A.

	 	726 Exchange Street

Suite 900

Buffalo, NY 14210
	 	726 Exchange Street

Suite 900

Buffalo, NY 14210
	 
	 	 	 	 
	U.S. Bank National Association

	 	800 Nicolle & Mall

Minneapolis, MN 55402
	 	800 Nicolle & Mall

Minneapolis, MN 55402
	 
	 	 	 	 
	RBC Bank (USA)

	 	134 N. Church St.

Rocky Mount, NC 27802
	 	134 N. Church St.

Rocky Mount, NC 27802
	 
	 	 	 	 
	Royal Bank of Canada

	 	Three World Financial Center

200 Vesey Street

New York, NY 10281
	 	Three World Financial Center

200 Vesey Street

New York, NY 10281

 

SCHEDULE 2.4

EXISTING LETTERS OF CREDIT

Issuing Bank — HSBC Bank USA, National Association

	 	 	 	 	 	 	 	 	 
	 	 	Current	 	Maturity	 	 
	Letter of Credit No.	 	Amount	 	Date	 	Beneficiary
	 
	 	 	 	 
	SDCMTN546626

	 	USD
112,117.00
	 	31DEC2011
	 	HANWHA CORPORATION
	 
	 	 	 	 	 	 	 	 
	SDCMTN547630

	 	USD
536,733.00
	 	01OCT2011
	 	DEFENSE PROCUREMENT

AGENCY DIRECTOR OF

OFFSET PROGRAM OFFICE

MINISTRY OF NATIONAL

DEFENSE
	 
	 	 	 	 	 	 	 	 
	SDCMTN548356

	 	USD
514,305.00
	 	25FEB2012
	 	ICICI BANK LTD MUMBAI

FREE PRESS HOUSE
	 
	 	 	 	 	 	 	 	 
	SDCMTN552285

	 	USD
20,000.00
	 	31MAY2011
	 	RRSL PORTFOLIO INC AND

RRSL PORTFOLIO LP INC
	 
	 	 	 	 	 	 	 	 
	SDCMTN552666

	 	 	USD 4,455,000.00	 	 	15JUN2012
	 	THE TRAVELERS

INDEMNITY COMPANY
	 
	 	 	 	 	 	 	 	 
	SDCMTN554862

	 	USD
649,599.10
	 	14AUG2011
	 	ASELSAN
	 
	 	 	 	 	 	 	 	 
	SDCMTN556789

	 	USD
354,372.00
	 	31JAN2013
	 	DEFENSE ACQUISITION

PROGRAM ADMINISTRATION

REPUBLIC OF KOREA
	 
	 	 	 	 	 	 	 	 
	SDCMTN556792

	 	USD
57,750,000.00
	 	01FEB2014
	 	DEFENSE ACQUISITION

PROGRAM ADMINISTRATION

REPUBLIC OF KOREA
	 
	 	 	 	 	 	 	 	 
	SDCMTN558052

	 	INR
14,400,000.00
	 	12APR2011
	 	HONG KONG SHANGHAI

BANKING CORP BANGLORE

INDIA
	 
	 	 	 	 	 	 	 	 
	SDCMTN558760

	 	USD
824,540.00
	 	15DEC2011
	 	DEFENSE ACQUISITION

PROGRAM ADMINISTRATION

REPUBLIC OF KOREA
	 
	 	 	 	 	 	 	 	 
	SDCMTN558762

	 	USD
269,400.00
	 	15DEC2011
	 	DEFENSE ACQUISITION

PROGRAM ADMINISTRATION

REPUBLIC OF KOREA
	 
	 	 	 	 	 	 	 	 
	SDCMTN559020

	 	INR
27,605,128.00
	 	30OCT2014
	 	HONG KONG SHANGHAI

BANKING CORP BANGLORE

INDIA
	 
	 	 	 	 	 	 	 	 
	SDCMTN559023

	 	INR
33,574,018.00
	 	30OCT2014
	 	HONG KONG SHANGHAI

BANKING CORP BANGLORE

INDIA
	 
	 	 	 	 	 	 	 	 
	SDCMTN559024

	 	INR
19,770,855.00
	 	30OCT2014
	 	HONG KONG SHANGHAI

BANKING CORP BANGLOR

INDIA
	 
	 	 	 	 	 	 	 	 
	SDCMTN543593

	 	USD 1,869,488.00
	 	30JUN2011
	 	LIBERTY MUTUAL INS. CO.

 

 

SCHEDULE 4.1

SUBSIDIARIES

     (i) Advanced Integrated Systems Ltd, incorporated in Nevada, wholly-owned subsidiary

     (ii) CSA Engineering, Inc. incorporated in California, wholly-owned subsidiary

     (iii) Curlin Medical Inc. (“Curlin”), incorporated in Delaware, wholly-owned subsidiary

	 	(a)	 	Moog MDG SRL, incorporated in Costa Rica, wholly-owned
subsidiary of Curlin
	 
	 	(b)	 	UAB Moog MDG, incorporated in Lithuania, wholly-owned
subsidiary of Curlin

	 	(1)	 	Viltechmeda UAB, incorporated in Lithuania, wholly-owned subsidiary of
UAB Moog MDG

	 	(c)	 	X.O. Tec Corporation (“X.O. Tec”) incorporated in Delaware,
wholly-owned subsidiary of Curlin

	 	(1)	 	Ethox (Beijing) Medical Devices Trading Inc.,
incorporated in People’s Republic of China, wholly-owned subsidiary of
X.O. Tec
	 
	 	(2)	 	Ethox International, Inc., incorporated in New
York, wholly-owned subsidiary of X.O. Tec

	 	(2.a) 	 	MMC Sterilization Services
Group, Inc., incorporated in Pennsylvania, wholly-owned
subsidiary of Ethox International, Inc.

	 	(d)	 	ZEVEX, Inc., incorporated in Delaware, wholly-owned subsidiary of Curlin

     (iv) Flo-Tork, Inc., incorporated in Delaware, wholly-owned subsidiary

     (v) Ingenieurburo Pieper GmbH, incorporated in Germany, wholly-owned subsidiary

     (vi) Mid-America Aviation, Inc., incorporated in North Dakota, wholly-owned subsidiary

     (vii) Moog AG, incorporated in Switzerland, wholly-owned subsidiary with branch operation in
Ireland

     (viii) Moog Australia Pty. Ltd., incorporated in Australia, wholly-owned subsidiary

 

-2-

     (ix) Moog do Brasil Controles Ltda., incorporated in Brazil, wholly-owned subsidiary

	 	(a)	 	Moog de Argentina Srl, Incorporated in Argentina, wholly-owned
subsidiary of Moog do Brasil Controles Ltda.

     (x) Moog Controls Corporation, incorporated in Ohio, wholly-owned subsidiary with branch
operation in the Republic of the Philippines

     (xi) Moog Controls Hong Kong Ltd., incorporated in Peoples Republic of China, wholly-owned
subsidiary

	 	(a)	 	Moog Industrial Controls (Shanghai) Co., Ltd., incorporated in
Peoples Republic of China, wholly-owned subsidiary of Moog Controls Hong Kong
Ltd.
	 
	 	(b)	 	Moog Control Systems (Shanghai) Co., Ltd., incorporated in
Peoples Republic of China, wholly-owned subsidiary of Moog Controls Hong Kong
Ltd.

     (xii) Moog Controls (India) Private Ltd., incorporated in India, wholly-owned subsidiary

     (xiii) Moog Controls Ltd., incorporated in the United Kingdom, wholly-owned subsidiary

	 	(a)	 	Fernau Limited, incorporated in the United Kingdom,
wholly-owned subsidiary of Moog Controls Ltd.

	 	(1)	 	Fernau Avionics Ltd., incorporated in the United Kingdom, wholly-owned
subsidiary of Fernau Limited

	 	(b)	 	Moog Components Group Limited, incorporated in the United
Kingdom, wholly-owned subsidiary of Moog Controls Ltd.
	 
	 	(c)	 	Moog Norden A.B., incorporated in Sweden, wholly-owned
subsidiary of Moog Controls Ltd.
	 
	 	(d)	 	Moog OY, incorporated in Finland, wholly-owned subsidiary of
Moog Controls Ltd.
	 
	 	(e)	 	Moog Wolverhampton Limited, incorporated in the United Kingdom,
wholly-owned subsidiary of Moog Controls Ltd.

     (xiv) Moog Europe Holdings Luxembourg SCS (“Moog SCS”), incorporated in Luxembourg,
wholly-owned subsidiary

 

-3-

	 	(a)	 	Moog Holding GmbH & Co. KG (“Moog KG”), a partnership organized
in Germany, wholly-owned subsidiary of Moog SCS

	 	(1)	 	Insensys Holding Ltd., incorporated in the
United Kingdom, wholly-owned subsidiary of Moog KG

	 	(1.a) 	 	Moog Insensys Limited, incorporated in the United Kingdom,
wholly-owned subsidiary of Insensys Holding Ltd.
	 
	 	(1.b) 	 	Aston Photonic Technologies Limited, incorporated in the United
Kingdom, wholly-owned subsidiary of Moog Insensys Limited
	 
	 	(1.c) 	 	Indigo Photonics Limited, incorporated in the United Kingdom,
wholly-owned subsidiary of Aston Photonic Technologies Limited

	 	(2)	 	Moog Unna GmbH, incorporated in Germany,
wholly-owned subsidiary of Moog KG

	 	(2.a) 	 	Moog Control Equipment (Shanghai) Co. Ltd., incorporated in
People’s Republic of China, wholly-owned subsidiary of Moog Unna GmbH

	 	(3)	 	Moog BV, incorporated in the Netherlands,
wholly-owned subsidiary of Moog KG
	 
	 	(4)	 	Moog FCS Limited, incorporated in the United
Kingdom, wholly-owned subsidiary of Moog BV
	 
	 	(5)	 	Moog GmbH, incorporated in Germany,
wholly-owned subsidiary of Moog KG

	 	(5.a) 	 	Moog Italiana S.r.l.,
incorporated in Italy, wholly-owned subsidiary of Moog GmbH

                   (6)      Moog Luxembourg S.a.r.l., incorporated in Luxembourg, wholly-owned subsidiary of Moog KG

	 	(7)	 	Pro Control AG, incorporated in Switzerland,
wholly-owned subsidiary of Moog KG

	 	(b)	 	Moog Luxembourg Finance S.A.R.L. (“Moog Finance”), incorporated
in Luxembourg, wholly-owned subsidiary of Moog SCS with branch operations in
Switzerland

 

-4-

	 	(1)	 	Moog Ireland International Financial Services Centre Limited,
incorporated in Ireland, wholly-owned subsidiary of Moog Finance.

	 	(c)	 	Focal Technologies Corporation, incorporated in Canada,
wholly-owned subsidiary of Moog SCS
	 
	 	(d)	 	Moog Verwaltungs GmbH, incorporated in Germany, wholly-owned
subsidiary of Moog SCS

     (xv) Moog Holland Aircraft Services BV, incorporated in The Netherlands, wholly-owned
subsidiary

     (xvi) Moog Japan Ltd., incorporated in Japan, wholly-owned subsidiary

     (xvii) Moog Korea Ltd., incorporated in South Korea, wholly-owned subsidiary

     (xviii) Moog S.a.r.l., incorporated in France, wholly-owned subsidiary, 95% owned by Moog
Inc.; 5% owned by Moog GmbH

     (xix) Moog Singapore Pte. Ltd., incorporated in Singapore, wholly-owned subsidiary

	 	(a)	 	Moog Motion Controls Private Limited, incorporated in India,
wholly-owned subsidiary of Moog Singapore Pte. Ltd.

	 	(b)	 	Moog India Technology Center Pvt Ltd., incorporated in India,
wholly-owned subsidiary of Moog Singapore Pte. Ltd.

     (xx) Moog Techtron Corp, incorporated in Florida, wholly-owned subsidiary

     (xxi) QuickSet International, Inc., incorporated in Illinois, wholly-owned subsidiary

     (xxii) Videolarm, Inc., incorporated in Georgia, wholly-owned subsidiary

     (xxiii) Moog Europe Holdings I LLC, a New York limited liability company, wholly-owned
subsidiary

     (xxiv) Moog Europe Holdings II LLC, a New York limited liability company, wholly-owned
subsidiary.

 

SCHEDULE 4.3

PENDING LITIGATION

None

 

 

SCHEDULE 7.1

PERMITTED INDEBTEDNESS

(Note — Numbers Represent 02/28/11 Balances)
6

1. Existing loan advances from Borrower to Foreign Subsidiaries ($
equivalent)7

	 	 	 	 	 
	Location	 	   Loan Advance   
	— Moog Controls Ltd (UK)
	 	$	50,073,510	 
	— Moog Wolverhampton Ltd (UK)
	 	$	49,616,007	 
	— Viltechmeda UAB (Lithuania)
	 	$	2,474,640	 
	— Moog Controls Corporation
(Philippines)
	 	$	131,766,386	 

2. Existing obligations related to building financing ($ equivalent)

	 	 	 	 	 
	Location	 	        Obligation        
	— Moog Germany (Korin
VIE)
	 	$	2,984,839	 
	— ZEVEX, Inc
	 	$	446,953	 
	— Moog Italiana S.r.l.
	 	$	1,378,729	 

3. Existing bank overdraft or line of credit facilities other than with the Lenders

	 	 	 	 	 
	Location	 	Available Facilities
	— Moog IFSC Ltd
	 	$	13,787,398	 
	— Moog GmbH
	 	$	5,258,000	 
	— Moog Italiana S.r.l.
	 	$	2,810,643	 
	— Moog S.A.R.L.
(France)
	 	$	500,000	 
	— Moog Japan Ltd
	 	$	3,084,051	 
	— Moog AG (Ireland)
	 	$	669,201	 
	 
	4. Notes to Seller re: purchase price holdback 	 
	 
	— Advanced Integrated Systems Ltd
	 	$	600,000	 
	— Mid-America Aviation, Inc
	 	$	800,000	 
	— Isel Robotik USA, LLC
	 	$	150,000	 

5. Certain Foreign Subsidiaries discount customers’ promissory notes with various banks from
time to time. The terms of such agreements provide that the Foreign Subsidiary guarantee the
promissory notes.

6. The existing unsecured subordinated Indebtedness described in Section 7.1(d)

 

			
	6	 	Excludes loans payable by Ethox International,
Inc. as of February 28, 2011, but which have since been paid in full.
	 
	7	 	Also permitted by Section 7.1(c)

 

 

SCHEDULE 7.2

PERMITTED ENCUMBRANCES

(Note — Numbers Represent 02/28/11 Balances)1

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Foreign Liens	 	Type	 	 	Lienholders	 	 	Amount	 
	Moog Germany
	 	Buildings	 	Korin VIE	 	$	2,984,839	 
	Moog Italiana S.r.l.
	 	Buildings	 	LocaFit	 	$	812,649	 
	Ingenieurboro Pieper GmbH
	 	Vehicles	 	 	 	 	 	$	21,453	 
	Moog do Brasil Controles Ltda
	 	Various	 	 	 	 	 	$	28,760	 
	Moog Controls (India) Private Ltd
	 	Vehicles	 	 	 	 	 	$	34,670	 

			
	 	 	 
	Liens on assets of Foreign
Subsidiaries securing various bank facilities
	See item 3 on Sch. 7.1

 

			
	1	 	Excludes security interests securing loans payable
by Ethox International, Inc. as of February 28, 2011, but which have since been
paid in full.

 

 

SCHEDULE 7.3

PERMITTED INVESTMENTS AND GUARANTEES

(Note — Numbers Represent 02/28/11 Balances excluding any reserves)

	 	 	 	 	 

	1. First Wave Technologies, Inc.
	 	$	300,000	 
	2. First Wave Products Group, LLC
	 	$	50,000	 
	3. Simulated Surgical Systems, LLC
	 	$	200,000

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