Document:

exv10w6

 

Exhibit 10.6

LEASE BY AND BETWEEN

THE REALTY ASSOCIATES FUND III

AND

BUYDOMAINS HOLDINGS, INC.

at

230 Third Avenue

Waltham, Massachusetts 02451

Dated

July 28, 2005

The mailing, delivery or negotiation of this Lease shall not be deemed an offer to enter into any
transaction or to enter into any relationship, whether on the terms contained herein or on any
other terms. This Lease shall not be binding upon Landlord, nor shall Landlord have any obligations
or liabilities with respect thereto, or with respect to the premises, unless and until Landlord has
received Tenant’s signed counterparts and executed and delivered this Lease. Until such execution
and delivery of this Lease by Landlord, Landlord may terminate all negotiation and discussion of
the subject matter hereof, without causes and for any reason, without recourse or liability.

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	1.	 	Basic Lease Provisions
	 	 	1	 
	 	 	 
	 	 	 	 
	2.	 	Premises
	 	 	3	 
	 	 	 
	 	 	 	 
	3.	 	Term
	 	 	4	 
	 	 	 
	 	 	 	 
	4.	 	Rent
	 	 	5	 
	 	 	 
	 	 	 	 
	5.	 	Security Deposit
	 	 	10	 
	 	 	 
	 	 	 	 
	6.	 	Permitted Use
	 	 	10	 
	 	 	 
	 	 	 	 
	7.	 	Maintenance, Repairs and Alterations
	 	 	11	 
	 	 	 
	 	 	 	 
	8.	 	Insurance
	 	 	15	 
	 	 	 
	 	 	 	 
	9.	 	Damage or Destruction
	 	 	17	 
	 	 	 
	 	 	 	 
	10.	 	Real and Personal Property Taxes
	 	 	19	 
	 	 	 
	 	 	 	 
	11.	 	Utilities
	 	 	21	 
	 	 	 
	 	 	 	 
	12.	 	Assignment and Subletting
	 	 	23	 
	 	 	 
	 	 	 	 
	13.	 	Default; Remedies
	 	 	28	 
	 	 	 
	 	 	 	 
	14.	 	Landlord’s Right to Cure Default; Payments by Tenant
	 	 	33	 
	 	 	 
	 	 	 	 
	15.	 	Condemnation
	 	 	33	 
	 	 	 
	 	 	 	 
	16.	 	Vehicle Parking
	 	 	34	 
	 	 	 
	 	 	 	 
	17.	 	Broker’s Fee
	 	 	34	 
	 	 	 
	 	 	 	 
	18.	 	Estoppel Certificate
	 	 	34	 
	 	 	 
	 	 	 	 
	19.	 	Financial Information
	 	 	35	 
	 	 	 
	 	 	 	 
	20.	 	Landlord’s Liability
	 	 	35	 
	 	 	 
	 	 	 	 
	21.	 	Indemnity
	 	 	36	 
	 	 	 
	 	 	 	 
	22.	 	Exemption of Landlord from Liability
	 	 	37	 
	 	 	 
	 	 	 	 
	23.	 	Hazardous Substances
	 	 	38	 

(i)

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	24.	 	Intentionally Omitted
	 	 	38	 
	 	 	 
	 	 	 	 
	25.	 	Tenant Improvements
	 	 	38	 
	 	 	 
	 	 	 	 
	26.	 	Subordination and Rights of Mortgagees
	 	 	39	 
	 	 	 
	 	 	 	 
	27.	 	Option to Extend
	 	 	40	 
	 	 	 
	 	 	 	 
	28.	 	Landlord Reservations
	 	 	41	 
	 	 	 
	 	 	 	 
	29.	 	Changes to Property
	 	 	42	 
	 	 	 
	 	 	 	 
	30.	 	Intentionally Omitted
	 	 	42	 
	 	 	 
	 	 	 	 
	31.	 	Holding Over
	 	 	42	 
	 	 	 
	 	 	 	 
	32.	 	Landlord’s Access
	 	 	43	 
	 	 	 
	 	 	 	 
	33.	 	Security Measures
	 	 	43	 
	 	 	 
	 	 	 	 
	34.	 	Easements
	 	 	43	 
	 	 	 
	 	 	 	 
	35.	 	Transportation Management
	 	 	44	 
	 	 	 
	 	 	 	 
	36.	 	Severability
	 	 	44	 
	 	 	 
	 	 	 	 
	37.	 	Time of Essence
	 	 	44	 
	 	 	 
	 	 	 	 
	38.	 	Definition of Additional Rent
	 	 	44	 
	 	 	 
	 	 	 	 
	39.	 	Incorporation of Prior Agreements
	 	 	44	 
	 	 	 
	 	 	 	 
	40.	 	Amendments
	 	 	44	 
	 	 	 
	 	 	 	 
	41.	 	Notices
	 	 	44	 
	 	 	 
	 	 	 	 
	42.	 	Waivers
	 	 	45	 
	 	 	 
	 	 	 	 
	43.	 	Covenants
	 	 	45	 
	 	 	 
	 	 	 	 
	44.	 	Binding Effect; Choice of Law
	 	 	45	 
	 	 	 
	 	 	 	 
	45.	 	Attorneys’ Fees
	 	 	45	 
	 	 	 
	 	 	 	 
	46.	 	Auctions
	 	 	46	 
	 	 	 
	 	 	 	 
	47.	 	Signs
	 	 	46	 
	 	 	 
	 	 	 	 
	48.	 	Merger
	 	 	46	 

(ii)

 

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	49.	 	Quiet Possession
	 	 	46	 
	 	 	 
	 	 	 	 
	50.	 	Authority
	 	 	46	 
	 	 	 
	 	 	 	 
	51.	 	Conflict
	 	 	47	 
	 	 	 
	 	 	 	 
	52.	 	Multiple Parties
	 	 	47	 
	 	 	 
	 	 	 	 
	53.	 	Interpretation
	 	 	47	 
	 	 	 
	 	 	 	 
	54.	 	Prohibition Against Recording
	 	 	47	 
	 	 	 
	 	 	 	 
	55.	 	Relationship of Parties
	 	 	47	 
	 	 	 
	 	 	 	 
	56.	 	Rules and Regulations
	 	 	47	 
	 	 	 
	 	 	 	 
	57.	 	Right to Lease
	 	 	47	 
	 	 	 
	 	 	 	 
	58.	 	Omitted
	 	 	47	 
	 	 	 
	 	 	 	 
	59.	 	Security for Performance of Tenant’s Obligations
	 	 	48	 
	 	 	 
	 	 	 	 
	60.	 	Attachments
	 	 	48	 
	 	 	 
	 	 	 	 
	61.	 	Costs Related to Tenant Requests
	 	 	48	 
	 	 	 
	 	 	 	 
	62.	 	Confidentiality
	 	 	48	 
	 	 	 
	 	 	 	 
	63.	 	Waiver Of Jury Trial
	 	 	48	 
	 	 	 
	 	 	 	 
	64.	 	Access To Premises
	 	 	49	 

(iii)

 

INDEX TO DEFINED TERMS

	 	 	 	 	 
	Term	 	 	Section
	Alterations
	 	 	7.3	(a)
	Bankruptcy Code
	 	 	13.1	(e)
	Base Rent
	 	 	1.14	 
	Building
	 	 	1.3	 
	Changes
	 	 	29	 
	Comparison Year
	 	 	4.2	(b)
	Commencement Date
	 	 	1.11	 
	Common Areas
	 	 	2.2	 
	Condemnation
	 	 	15	 
	Cost Pools
	 	 	4.2	(c)
	Damages
	 	 	21	 
	Expiration Date
	 	 	1.13	 
	Grossed Up Operating Expenses
	 	 	4.2	 
	HVAC
	 	 	4.2	(c)
	Hazardous Substance
	 	 	23.1	 
	Holder
	 	 	26.1	 
	INC
	 	 	4.2	(c)
	Indemnified Matter
	 	 	21	 
	Indemnified Parties
	 	 	21	 
	Land
	 	 	1.4	 
	Landlord
	 	 	1.1	 
	Mortgage
	 	 	26.1	 
	Net Worth
	 	 	12.2	 
	Number of Tenant Parking Spaces
	 	 	1.19	 
	Office Park
	 	 	1.6	 
	Operating Expense Base Year
	 	 	1.18	 
	Operating Expenses
	 	 	4.2	(c)
	Permitted Use
	 	 	1.9	 
	Premises
	 	 	1.2	 
	Property
	 	 	1.5	 
	Real Estate Broker
	 	 	1.20	 
	Real Property Taxes
	 	 	10.2	 
	Rent Commencement Date
	 	 	1.12	 
	Rentable Area of Building
	 	 	1.8	 
	Rentable Area of Premises
	 	 	1.7	 
	Requisition
	 	 	3.1	(c)(2)
	Rules
	 	 	16.1	 
	SNDA
	 	 	26.2	 
	Security Deposit
	 	 	1.16	 
	Supplemental Systems
	 	 	11.5	 
	Tax Base Year
	 	 	1.18	 
	Tenant
	 	 	1.1	 

(iv)

 

	 	 	 	 	 
	Term	 	Section	 
	Tenant Improvement Allowance
	 	 	3.1	(c)
	Tenant Parties
	 	 	21	 
	Tenant’s Property
	 	 	9.5	 
	Tenant’s Share
	 	 	1.17	 
	Term
	 	 	1.10	 
	Transfer
	 	 	12.1	 
	Transfer Premium
	 	 	12.6	 
	Work Letter
	 	 	25	 

(v)

 

LEASE

	1.	 	Basic Lease Provisions.

               1.1 Parties: This Lease, dated as of July 28, 2005, made by and between The Realty Associates
Fund III, a Delaware limited partnership (“Landlord”) and BuyDomains Holdings, Inc, a Delaware
corporation (“Tenant”).

               1.2 Premises: A portion of the first floor of the Building, as shown on Exhibit “A” attached
hereto.

               1.3 Building: The building known as and numbered 230 Third Avenue, Waltham, Massachusetts
02451.

               1.4 Land: The Land upon which the Building is located as it may be enlarged or reduced from
time to time.

               1.5 Property: The Land and the Building.

               1.6 Office Park: All of the Land, buildings and improvements comprising the Prospect Hill
Office Park, including the Building and the Premises, as from time to time constituted.

               1.7 Rentable Area of Premises: Agreed to be 12,833 square feet.

               1.8 Rentable Area of Building: Agreed to be 293,084 square feet.

               1.9 Permitted Use: General office use, subject to the requirements and limitations contained
in Section 6.

               1.10 Term: The period commencing on the Commencement Date and ending on the Expiration Date.

               1.11 Commencement Date: The Commencement Date shall be the later of September 1, 2005 and the
date on which possession of the Premises is delivered to Tenant.

               1.12 Rent Commencement Date: The date that is thirty (30) days following the Commencement
Date.

               1.13 Expiration Date: 11:59 p.m., local time, on the last day of the month in which the third
anniversary of the Rent Commencement Date occurs.

 

 

               1.14 Base Rent: The Base Rent is as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ANNUAL BASE	 	MONTHLY	 	BASE RENT PER
	RENTAL PERIOD	 	RENT	 	PAYMENT	 	SQUARE FOOT
	Lease Year 1
	 	$	256,660	 	 	$	21,388.33	 	 	$	20.00	 
	Lease Year 2
	 	$	269,493	 	 	$	22,457.75	 	 	$	21.00	 
	Lease Year 3
	 	$	282,326	 	 	$	23,527.17	 	 	$	22.00	 

               1.15 Base Rent Paid Upon Commencement Date: N/A.

               1.16 Security Deposit: $67,373.25.

               1.17 Tenant’s Share: 4.61%

               1.18 Tax Base Year: Fiscal Year 2006.

         Operating Expense Base Year: Calendar Year 2005.

               1.19 Number of Tenant Parking Spaces: Thirty-six (36) spaces (3.0 parking spaces per 1,000
feet of Premises Rentable Area) to be used in common and on an unassigned basis.

               1.20 Real Estate Broker: Meredith & Grew, Inc. and CB/Richard Ellis

               1.21 Attachments to Lease:

Exhibit A – Premises

Exhibit B – Verification Letter

Exhibit C – Rules and Regulations

               1.22 Address for Notices:

	 	 	 
	               Landlord:

	 	The Realty Associates III Fund
	 

	 	c/o Spaulding and Slye
	 

	 	55 Hayden Avenue
	 

	 	Lexington, Massachusetts 02421
	 

	 	Telephone No. (781) 778-2547
	 

	 	Fax No. (781) 778-2580
	 

	 	Attention: Property Manager
	 
	 	 
	               With a copy to:

	 	TA Associates Realty
	 

	 	28 State Street, 10th Floor
	 

	 	Boston, Massachusetts 02109
	 

	 	Telephone No. (617) 476-2700
	 

	 	Fax No. (617) 476-2799
	 

	 	Attention: Waltham Asset Manager

2

 

	 	 	 
	               and:

	 	Stephen T. Langer, Esq.
	 

	 	Langer & McLaughlin, LLP
	 

	 	137 Newbury Street, Suite 700
	 

	 	Boston, MA 02116
	 

	 	Telephone No. (617) 536-9050
	 

	 	Fax No. (617) 536-9040
	 
	 	 
	               Tenant:
	 	 
	 

	 	BuyDomains Holdings, Inc.
	 

	 	92 Hayden Avenue
	 

	 	Lexington, MA 02421
	 

	 	Attention: Mr. Brian Lucy
	 
	 	 
	               and:

	 	BuyDomains Holdings, Inc.
	 

	 	92 Hayden Avenue
	 

	 	Lexington, MA 02421
	 

	 	Attention: General Counsel
	 
	 	 
	               after the Commencement 

                   Date, to:
	 	 
	 

	 	BuyDomains Holdings, Inc.
	 

	 	230 Third Avenue
	 

	 	Waltham, MA 02451
	 

	 	Attention: Mr. Brian Lucy
	 
	               and:

	 	BuyDomains Holdings, Inc.
	 

	 	230 Third Avenue
	 

	 	Waltham, MA 02451
	 

	 	Attention: General Counsel

	2.	 	Premises

               2.1 Lease of Premises. Landlord hereby leases to Tenant, and Tenant hereby leases from
Landlord, upon all of the conditions set forth herein, the Premises, together with certain rights
to the Common Areas as hereinafter specified.

               2.2 Common Areas-Defined. The term “Common Areas” is defined as all areas and facilities
outside the Premises and within the exterior boundary line of the Property that are designated by
Landlord from time to time for the general non-exclusive use of Landlord, Tenant and the other
tenants of the Property and their respective employees, suppliers, customers and invitees,
including, but not limited to, common entrances, lobbies, corridors, stairwells, public restrooms,
elevators, parking areas, loading and unloading areas, roadways and sidewalks. Landlord may also
designate other land and
improvements outside the boundaries of the Property in which Landlord has rights to be a part
of the Common Areas, provided that such other land and improvements have a reasonable and
functional relationship to the Property.

3

 

3. Term.

     3.1 (a) Term, Commencement Date, Rent Commencement Date and Expiration Date. The Term,
Commencement Date, Rent Commencement Date and Expiration Date of this Lease are as specified in
Sections 1.10, 1.11, 1.12 and 1.13. As used in this Lease, “Lease Year” shall mean each period of
one year during the Term commencing on the Commencement Date or on any anniversary thereof,
provided that the first Lease Year shall consist of the period between the Commencement Date and
the last day of the calendar month in which the Rent Commencement Date occurs and the succeeding
twelve full calendar months, and each succeeding Lease Year shall consist of a one-year period
commencing on the first day of the calendar month following the calendar month in which the Rent
Commencement Date fell.

     Tenant shall, within ten (10) business days after Landlord’s request, complete and execute the
Verification Letter attached hereto as Exhibit “B” and deliver it to Landlord. Tenant’s failure to
execute the Verification Letter within said ten (10) business day period shall constitute Tenant’s
acknowledgment of the truth of the facts contained in the letter delivered by Landlord to Tenant.
However, Landlord’s failure to prepare or deliver a Verification Letter shall have no effect on the
Term, Commencement Date, Rent Commencement Date or Expiration Date.

     3.2 Condition of the Premises. Except as herein specifically provided, the Premises are being
leased in their present condition, AS IS, WITHOUT REPRESENTATION OR WARRANTY by Landlord. Tenant
acknowledges that it has inspected the Premises and Common Areas and, subject to the completion of
the Landlord’s Work (as hereafter defined), has found the same satisfactory. Notwithstanding the
foregoing, Landlord agrees to replace the existing entry doors to the Premises with a new Building
standard glass door. Landlord shall use reasonable efforts to complete such installation prior to
September 1, 2005, but failure to do so shall have no effect on the Commencement Date, and Tenant
shall afford Landlord reasonable access to the Premises if necessary after the Commencement Date
for such purpose. Tenant shall have the right, so long as there exists no default on the part of
Tenant hereunder, to use the furniture owned by Landlord and located in the Premises as of the date
of this Lease for Tenant’s business needs in the Premises, and to relocate to the Premises prior to
the Commencement Date (and at Tenant’s cost) and use up to fifteen (15) workstations currently
located on the second floor of the Building. Tenant shall be responsible for the proper care,
maintenance, repair and replacement of the same, and such furniture and workstations shall be
surrendered to Landlord at the expiration or earlier termination of this Lease in good condition,
reasonable wear and tear and damage by fire or other casualty excepted. Any such relocation shall
be subject to Landlord’s reasonable approval.

     3.3 Early Access. Tenant shall have access to the Premises prior to the Commencement Date
solely for the purpose of installation of furniture, equipment, and telephone/data wiring, provided
that such access shall be subject to all of the terms and conditions of this Lease, other than the
payment of Base Rent or additional rent. Tenant’s access shall be subject to reasonable scheduling
and other requirements of Landlord and Landlord’s contractor performing the work described in
Section 3.2 above, and Tenant shall deliver to Landlord certificates of liability, casualty and
workmen’s compensation insurance prior to

4

 

having any such access. Any unreasonable interference with any work or activity being
undertaken by Landlord shall be grounds for revocation of Tenant’s access.

4. Rent.

     4.1 Base Rent. Tenant shall pay to Landlord the Base Rent set forth in Section 1.14, without
offset or deduction commencing on the Rent Commencement Date and thereafter on the first day of
each calendar month. Base Rent for any period during the term hereof which is for less than one
month shall be prorated based upon the actual number of days of the calendar month involved. Base
Rent and all other amounts payable to Landlord hereunder shall be payable to Landlord in lawful
money of the United States, and Tenant shall be responsible for delivering said amounts to Landlord
at the address stated herein or to such other person or to such other place in the continental
United States as Landlord may designate in writing. Landlord and Tenant agree that all amounts due
from Tenant under or in respect of this Lease, whether labeled Base Rent, additional rent,
additional charges or otherwise, shall be considered as rental reserved under this Lease for all
purposes, including without limitation regulations promulgated pursuant to the Bankruptcy Code, and
including further without limitation Section 502(b) thereof.

     4.2 Operating Expense Increases. Tenant shall pay to Landlord during the term hereof, in
addition to the Base Rent, Tenant’s Share of the amount by which all Operating Expenses for each
Comparison Year exceed the amount of all Operating Expenses for the Operating Expense Base Year. If
less than 95% of the rentable square feet in the Building is occupied by tenants or Landlord is not
supplying services to tenants occupying 95% of the rentable square feet of the Building at any time
during any calendar year (including the Operating Expense Base Year), Operating Expenses for such
calendar year shall be reasonably extrapolated by Landlord, on an item-by-item basis, to the amount
of Operating Expenses that would normally be expected to be incurred had 95% of the Building’s
rentable square feet been occupied and had Landlord been supplying services to tenants occupying
95% of the Building’s rentable square feet throughout such calendar year (hereinafter the “Grossed
Up Operating Expenses”), and such amount shall be the Operating Expenses for such calendar year.
Except as provided in paragraph (h) below, Landlord’s good faith estimate of Grossed Up Operating
Expenses shall not be subject to challenge or recalculation by Tenant. Tenant’s Share of Operating
Expense increases shall be determined in accordance with the following provisions:

          (a) “Tenant’s Share” is defined as the percentage set forth in Section 1.17, which percentage
has been determined by dividing the Rentable Area of Premises by ninety-five percent (95%) of the
Rentable Area of Building, and multiplying the resulting quotient by one hundred (100). In the
event that the Rentable Area of Premises or the Rentable Area of Building changes, Tenant’s Share
shall be adjusted in the year the change occurs, and Tenant’s Share for such year shall be
determined on the basis of the days during such year that each Tenant’s Share was in effect.

          (b) For purposes of determining Tenant’s Share of Operating Expense increases, “Comparison
Year” is defined as each calendar year during the term of this Lease after the Operating Expense
Base Year. In the event of any partial Comparison Years during the Term, Tenant’s Share of the
Operating Expense increases therefor shall be prorated according to

5

 

that portion of such Comparison Year as to which Tenant is responsible for a share of such
increase. For purposes of determining Tenant’s Share of Real Property Tax increases, “Comparison
Year” is defined as each tax fiscal year during the term of this Lease after the Tax Base Year.
Tenant’s Share of Real Property Tax increases for any partial Comparison Years during the Term
shall be prorated according to that portion of such Comparison Year as to which Tenant is
responsible for a share of such increase.

          (c) “Operating Expenses” shall mean all costs, expenses and fees incurred by Landlord in
connection with or attributable to the Property, including but not limited to, the following items:
(i) all costs, expenses and fees associated with or attributable to the management, operation,
repair, maintenance, improvement, alteration and replacement of the Property, or any part thereof,
including but not limited to, the following: (A) all surfaces, coverings, decorative items,
carpets, drapes, window coverings, parking areas, loading and unloading areas, trash areas,
roadways, sidewalks, stairways, landscaped areas, striping, bumpers, irrigation systems, lighting
facilities, building exteriors and roofs, fences and gates; (B) all heating, ventilating and air
conditioning equipment (“HVAC”), plumbing, mechanical, electrical systems, life safety systems and
equipment, telecommunication equipment, elevators, escalators, tenant directories, fire detection
systems including sprinkler system maintenance and repair; (ii) the cost of trash disposal,
janitorial services and security services and systems; (iii) the cost of all insurance purchased by
Landlord pursuant to Section 8 of this Lease, including any deductibles; (iv) the cost of water,
sewer, gas, electricity, and other utilities available at the Property and paid by Landlord; (v)
the cost of labor, salaries and applicable fringe benefits incurred by Landlord; (vi) the cost
(purchase or rental) of materials, supplies and tools used in operating, managing, maintaining,
repairing and/or cleaning the Property; (vii) the cost of accounting fees, management fees, legal
fees and consulting fees attributable to the ownership, operation, management, maintenance and
repair of the Property plus the cost of any space occupied by the property manager (provided that
if the Property is managed by Landlord or an affiliate of Landlord, the management fee so included
in Operating Expenses shall not exceed a commercially reasonable management fee that would be paid
to an unaffiliated manager for like property management services); (viii) the cost of replacing,
modifying and/or adding improvements or equipment mandated by any law, statute, regulation or
directive of any governmental agency, and any repairs, disposals or removals necessitated thereby),
so long as the cost is not incurred to cure a violation of such requirement that existed on the
date of this Lease; (ix) payments made by Landlord under any easement, license, operating
agreement, declaration, restrictive covenant, or instrument pertaining to the payment or sharing of
costs among property owners; (x) any business property taxes or personal property taxes imposed
upon the fixtures, machinery, equipment, furniture and personal property used in connection with
the operation of the Property; (xi) the cost of obtaining, maintaining and complying with any
business licenses, permits or approvals necessary for the management, operation, maintenance or
repair of the Property; (xii) all costs and expenses associated with or related to the
implementation or support by Landlord of any vanpool or other traffic management or transportation
demand management or similar program; (xiii) fees assessed by any air quality management district
or other governmental or quasi-governmental entity regulating pollution; (xiv) the cost of any
other service provided by Landlord to all tenants of the Building or any cost that is elsewhere
stated in this Lease to be an Operating Expense; and (xv) the Property’s share of the costs of
operating and maintaining the Office Park, payable by Landlord as owner of the Property. Real
Property Taxes shall be paid in accordance with Section 10 below and shall not be included in
Operating

6

 

Expenses. Landlord shall have the right but not the obligation, from time to time, to equitably
allocate some or all of the Operating Expenses among different tenants of the properties owned by
Landlord or its affiliates within the Office Park or among the different buildings owned by
Landlord or its affiliates within the Office Park (the “Cost Pools”). Such Cost Pools may include,
but shall not be limited to, the office space tenants of such buildings and the retail space
tenants of such buildings.

          (d) Notwithstanding the foregoing, Operating Expenses shall not include the following:

	 	(1)	 	Salaries of officers and executives of Landlord and other
employees above the grade of property manager;
	 
	 	(2)	 	Depreciation;
	 
	 	(3)	 	Costs of improving, painting, decorating, planning or designing
space to be occupied by other tenants or prospective tenants;
	 
	 	(4)	 	Interest and principal amortization on any mortgage or deed of
trust, and any rent paid on any ground or underlying lease;
	 
	 	(5)	 	Expenses for which Landlord, by the terms of this Lease
or any other lease, makes a separate charge;
	 
	 	(6)	 	Real estate taxes and franchise or income taxes imposed on Landlord;
	 
	 	(7)	 	The cost of any electric current or other utilities furnished
to the Building tenants and separately metered or billed;
	 
	 	(8)	 	Brokerage commissions, advertising costs, or other fees and
other costs incurred in procuring or negotiating with other tenants or
prospective tenants;
	 
	 	(9)	 	Costs relating to maintaining Landlord’s existence as a
corporation, limited partnership or other entity;
	 
	 	(10)	 	The cost of any work or service performed for any tenant (other
than Tenant) to a greater extent or in a materially more favorable manner than
that furnished generally to the tenants and other occupants;
	 
	 	(11)	 	Costs incurred by Landlord to the extent the same result from
any violation by Landlord of the terms and conditions of any lease of space;
	 
	 	(12)	 	The cost of any items for which Landlord is reimbursed by
insurance, condemnation, refund, warranties, guarantees or service contracts,
rebate or otherwise;

7

 

	 	(13)	 	The cost of any repairs made by Landlord pursuant to the damage or
condemnation articles of this Lease in excess of the “deductible” payable
under Landlord’s insurance;
	 
	 	(14)	 	Any costs representing an amount paid to an entity related to
Landlord which is in excess of the amount that would have been paid in the
absence of such relationship; and
	 
	 	(15)	 	Capital expenditures other than the following capital
expenditures (“Allowable Capital Costs”): (i) capital expenditures required in
order to make the Property comply with any law, regulation, or order of public
authority (so long as the cost is not incurred to cure a violation of such
requirement that existed on the date of this Lease), or (ii) capital
expenditures made by Landlord and reasonably intended to reduce Operating
Expenses.

          (e) Allowable Capital Costs shall be amortized over the useful life of the improvement or
equipment, as reasonably determined by Landlord, together with an interest factor on the
unamortized cost of such item equal to the lesser of (i) twelve percent (12%) per annum or (ii) the
maximum rate of interest permitted by applicable law.

          (f) Tenant’s Share of Operating Expense increases shall be payable by Tenant within thirty
(30) days after a reasonably detailed statement of actual expenses and an invoice or request for
payment is presented to Tenant by Landlord. At Landlord’s option, however, Landlord may, from time
to time, estimate what Tenant’s Share of Operating Expense increases will, and the same shall be
payable by Tenant monthly during each Comparison Year of the Lease Term, on the same day as the
Base Rent is due hereunder. In the event that Tenant pays Landlord’s estimate of Tenant’s Share of
Operating Expense increases, Landlord shall use diligent efforts to deliver to Tenant within one
hundred eighty (180) days after the expiration of each Comparison Year a reasonably detailed
statement showing Tenant’s Share of the actual Operating Expense increases incurred during such
year. Landlord’s failure to deliver the statement and invoice or request for payment to Tenant
within said period shall not constitute Landlord’s waiver of its right to collect said amounts or
otherwise prejudice Landlord’s rights hereunder. If Tenant’s payments under this Section 4.2(f)
during said Comparison Year exceed Tenant’s Share as indicated on said statement and invoice or
request for payment, Tenant shall be entitled to credit the amount of such overpayment against
Tenant’s Share of Operating Expense increases next falling due, or if the Lease Term is over and
Tenant has paid all amounts then due and payable to Landlord, the amount of such overpayment shall
be refunded to Tenant. If Tenant’s payments under this Section 4.2(f) during said Comparison Year
were less than Tenant’s Share as indicated on said statement and invoice or request for payment,
Tenant shall pay to Landlord the amount of the deficiency within thirty (30) days after delivery by
Landlord to Tenant of said statement and invoice or request for payment. Landlord and Tenant shall
forthwith adjust between them by cash payment any balance determined to exist with respect to that
portion of the last Comparison Year for which Tenant is responsible for Operating Expense
increases, notwithstanding that the Lease term may have terminated before the end of such

8

 

Comparison Year; and this provision shall survive the expiration or earlier termination of the
Lease.

          (g) The computation of Tenant’s Share of Operating Expense increases is intended to
provide a formula for the sharing of costs by Landlord and Tenant and will not necessarily result
in the reimbursement to Landlord of the exact costs it has incurred.

          (h) Provided there then exists no default on the part of Tenant hereunder (continuing
beyond the expiration of applicable notice and grace periods), if Tenant shall so request within
one hundred twenty (120) days after receipt of any statement presented by Landlord hereunder, and
upon reasonable advance written notice from Tenant, Landlord shall permit Tenant, at Tenant’s
expense and during normal business hours, to review Landlord’s ledger and supporting records
relating to Operating Expenses for the Comparison Year in respect of which such statement was
prepared for the purpose of verifying any accounting that Landlord is required to give hereunder.
Any third party agent retained by Tenant to perform such a review shall have expertise in and
familiarity with general industry practice with respect to the operation of and accounting for a
first class office building and such agent’s compensation shall in no way be contingent upon or
correspond to the financial impact on Tenant resulting from the review. In making any such
examination, Tenant agrees, and shall cause its auditors, accountants and any other employees,
agents or contractors having access to such information to agree, to keep strictly confidential (i)
any and all information contained in such records, and (ii) the circumstances and details
pertaining to such examination, including without limitation the nature of any dispute in respect
of Operating Expenses and the nature or details of any settlement thereof; and Tenant will confirm
and cause its auditors, accountants, employees, agents and contractors to confirm such agreement in
writing, if so requested by Landlord, prior to such examination. Landlord’s accounting shall be
binding and conclusive upon Tenant unless, (i) Tenant has within such 120-day period, advised
Landlord of Tenant’s desire to review Landlord’s records, and (ii) within sixty (60) additional
days, Tenant shall notify Landlord in writing that Tenant disputes the correctness of such
accounting, specifying the particular respects in which the accounting is claimed to be incorrect.
If such dispute has not been resolved by agreement within thirty (30) days after Tenant’s notice of
such dispute, then Tenant may, within ten (10) days after the expiration of such 30-day period,
submit the matter to arbitration in accordance with the Commercial Arbitration Rules of the
American Arbitration Association, except that there shall be only one arbitrator, who shall have
had at least ten (10) years’ experience as a certified property manager in buildings similar to the
Building and in the same general location and market, and who has not at any time been employed by
either party hereto or any affiliate of either party. Such arbitrator shall be selected by Tenant,
subject to the reasonable approval of Landlord, and the fees of such arbitrator shall be paid by
Tenant (subject to reimbursement as provided below). If the parties are unable within ten (10)
business days to agree on an acceptable arbitrator, either party may request that the then
president of the Real Estate Finance Association of the Greater Boston Real Estate Board designate
an arbitrator meeting the qualifications herein. If Tenant shall fail to submit the matter to
arbitration within such 10-day period, then the accounting shall be conclusively deemed to be
correct. Pending resolution by agreement or arbitration, and as a condition to Tenant’s rights
hereunder, Tenant shall continue to make any payments claimed by Landlord to be due on account of
Operating Expenses, such payment to be without prejudice to Tenant’s position. Any decision by an
arbitrator shall be final and binding on the parties. If the dispute shall be resolved in Tenant’s

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favor, Landlord shall forthwith credit the amount overpaid by Tenant against amounts subsequently
coming due on account of Operating Expenses, and Landlord shall reimburse Tenant for the reasonable
cost of such arbitrator paid by Tenant. If Landlord does not make such payment or grant such credit
within fifteen (15) days after the arbitrator’s decision, then Landlord shall also pay interest
(computed from the date of the arbitrator’s decision) on the amount of the overpayment at the rate
set forth in Section 13.5. If the arbitrator shall determine that Tenant was overcharged Operating
Expenses by more than seven percent (7%), Landlord shall reimburse Tenant for the actual and
reasonable out-of-pocket third party costs incurred by Tenant in connection with such review.

5. Security Deposit. Tenant shall deliver to Landlord at the time of execution of this Lease by
Tenant the security deposit set forth in Section 1.16 as security for Tenant’s faithful performance
of Tenant’s obligations hereunder. If Tenant fails to pay Base Rent or other charges due hereunder,
or otherwise defaults with respect to any provision of this Lease, Landlord may (but shall have no
obligation to), after expiration of any applicable notice and opportunity to cure, use all or any
portion of said deposit for the payment of any Base Rent or other charge due hereunder, to pay any
other sum to which Landlord may become obligated by reason of Tenant’s default, or to compensate
Landlord for any loss or damage which Landlord may suffer thereby. If Landlord so uses or applies
all or any portion of said deposit, Tenant shall within ten (10) days after written demand therefor
deposit cash with Landlord in an amount sufficient to restore said deposit to its full amount.
Landlord shall not be required to keep said security deposit separate from its general accounts. If
Tenant performs all of Tenant’s obligations hereunder, said deposit, or so much thereof as shall
not then have been applied by Landlord, shall be returned, without payment of interest or other
amount for its use, to Tenant (or, at Landlord’s option, to the last assignee, if any, of Tenant’s
interest hereunder) within thirty (30) days after the expiration of the term hereof, and after
Tenant has vacated and delivered the Premises as required hereunder. Landlord may retain an amount
reasonably calculated to be sufficient to pay any final amount of Taxes or Operating Expenses for
the Comparison Year in which the Term ends. No trust relationship is created herein between
Landlord and Tenant with respect to said security deposit. Tenant acknowledges that the security
deposit is not an advance payment of any kind or a measure of or limit on Landlord’s damages in the
event of Tenant’s default. Any application of the security deposit by Landlord shall be without
prejudice to any other right or remedy. If Landlord conveys Landlord’s interest under this Lease,
the security deposit, or any part thereof not previously applied, shall be turned over by Landlord
to Landlord’s grantee, and, when so turned over, Tenant agrees to look solely to such grantee for
proper application of the security deposit in accordance with the terms of this Section 5, and the
return thereof in accordance herewith. The holder of a mortgage shall not be responsible to Tenant
for the return or application of any such deposit, whether or not it succeeds to the position of
Landlord hereunder, unless such deposit shall have been received in hand by such holder. Tenant
hereby waives the provisions of any law which is inconsistent with this Section 5.

6. Permitted Use.

     6.1 Permitted Use. The Premises shall be used and occupied only for the Permitted Use set
forth in Section 1.9 and for no other purpose. If Section 1.9 gives Tenant the right to use the
Premises for general office use, by way of example and not limitation, general office use

10

 

shall not include medical or dental office use or any similar use, offices of a governmental agency
or authority, clinic or laboratory use, classroom use, or any other use not characterized by
applicable zoning and land use restrictions as general office use, or any use which would require
Landlord or Tenant to obtain a conditional use permit, special permit or variance from any federal,
state or local authority. Notwithstanding any Permitted Use set forth in Section 1.9, Tenant shall
not use the Premises for any purpose that would violate the Building’s certificate of occupancy,
any conditional use permit, special permit or variance applicable to the Property or violate any
covenants, conditions or other restrictions applicable to the Building or the Property. No
exclusive use has been granted to Tenant hereunder.

     6.2 Compliance with Law. Tenant shall, at Tenant’s sole expense, promptly comply with all
applicable laws and ordinances, governmental rules, regulations, and orders, certificates of
occupancy, conditional use or other permits, variances, covenants and restrictions of record, the
reasonable recommendations of Landlord’s engineers or other consultants, and requirements of any
fire insurance underwriters, rating bureaus or government agencies, now in effect or which may
hereafter come into effect, whether or not they reflect a change in policy from that now existing,
during the Term or any part of the Term hereof, relating in any manner to the occupation and use by
Tenant of the Premises. Tenant shall, at Tenant’s sole expense, comply with (i) all requirements of
the Americans With Disabilities Act that relate to Tenant’s use of the Premises for other than
general business offices, or to any particular needs of any employee or invitee of Tenant, or that
relate to or become applicable as a result of any Alterations performed by or for Tenant, and (ii)
all federal, state and local laws and regulations governing occupational safety and health. Tenant
shall conduct its business and use the Premises in a lawful manner and shall not use or permit the
use of the Premises or the Common Areas in any manner that will tend to create waste or a nuisance
or shall tend to disturb other occupants of the Building or the Office Park. Tenant shall obtain,
at its sole expense, any permit or other governmental authorization required to operate its
business from the Premises. Landlord shall not be liable for the failure of any other tenant or
person to abide by the requirements of this Section 6 or to otherwise comply with applicable laws
and regulations and, to the extent permitted by law, Tenant shall not be excused from the
performance of its obligations under this Lease due to such a failure.

     6.3 Condition of Premises. Tenant hereby accepts the Premises and the Building in their
condition existing as of the date this Lease is executed by Landlord and Tenant, subject to all
applicable federal, state and local laws, ordinances, regulations and permits governing the use of
the Premises, the Building’s certificate of occupancy, any applicable permits, approvals or
variances, and any easements, covenants or restrictions affecting the use of the Premises or the
Property. Tenant acknowledges that it has satisfied itself by its own independent investigation
that the Premises and the Property are suitable for its intended use, and that neither Landlord nor
Landlord’s agents has made any representation or warranty as to the present or future suitability
of the Premises, or the Building or the Property for the conduct of Tenant’s business.

7. Maintenance, Repairs and Alterations.

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     7.1 Landlord’s Obligations. Landlord shall keep the Building (excluding the interior of the
Premises and space leased to other occupants of the Building) in good condition and repair. If
plumbing pipes, electrical wiring, or HVAC ducts or vents within the Premises are in need of
repair, Tenant shall immediately notify Landlord, and Landlord shall cause the repairs to be
completed within a reasonable time, and Tenant shall immediately pay the entire cost of the repairs
to Landlord. Except as expressly provided in elsewhere in this Lease, there shall be no abatement
of rent or liability to Tenant on account of any injury or interference with Tenant’s business with
respect to any improvements, alterations or repairs made by Landlord to the Property or any part
thereof. To the extent permitted by law, Tenant expressly waives the benefits of any statute or
other law now or hereafter in effect which would otherwise afford Tenant the right to make repairs
at Landlord’s expense or to terminate this Lease because of Landlord’s failure to keep the Property
in good order, condition and repair (except to the extent that it shall be determined that any such
failure shall have constituted a constructive eviction). Landlord shall never be liable for any
failure to make repairs which Landlord has undertaken to make under the provisions of this Section
7.1 or elsewhere in this Lease, unless Tenant has given notice to Landlord of the need to make such
repairs, and Landlord has failed to commence to make such repairs within a reasonable time after
receipt of such notice, or fails to proceed with reasonable diligence to complete such repairs.

     7.2 Tenant’s Obligations.

          (a) Subject to the requirements of Section 7.3, Tenant shall be responsible for keeping the
Premises in good condition and repair, at Tenant’s sole expense. By way of example, and not
limitation, Tenant shall be responsible, at Tenant’s sole expense, for repairing and/or replacing
carpet, marble, tile or other flooring, paint, wall coverings, corridor and interior doors and door
hardware, telephone and computer equipment, interior glass, window treatments, ceiling tiles,
shelving, cabinets, millwork and other tenant improvements. In addition, Tenant shall be
responsible for the installation, maintenance and repair of all of Tenant’s required telephone,
computer, and related cabling from the telephone terminal room on the floor on which the Premises
is located to and throughout the Premises, and Tenant shall be responsible for any loss, cost,
damage, liability and expense (including attorneys’ fees) arising out of or related to the
installation, maintenance, repair and replacement of such cabling. If Tenant fails to keep the
Premises in good condition and repair within the applicable notice and cure period (if any)
provided in Section 13.1, Landlord may, but shall not be obligated to, make any necessary repairs.
If Landlord makes such repairs, Landlord may bill Tenant for the cost of the repairs as additional
rent, and said additional rent shall be payable by Tenant within thirty (30) days.

          (b) On the last day of the Term hereof, or on any sooner termination, Tenant shall surrender
the Premises, together with any Alterations made by Tenant in accordance with this Lease and which
Tenant is not obligated to remove pursuant to Section 7.3, to Landlord in the condition in which
Tenant is required to keep the Premises pursuant to Section 7.2(a), ordinary wear and tear and
damage by fire or other casualty excepted, clean and free of debris and Tenant’s personal property.
Tenant shall repair any damage to the Premises occasioned by the installation or removal of
Tenant’s personal property, trade fixtures, furnishings and equipment and any Alterations that
Landlord requires Tenant to remove pursuant to Section 7.3. Unless Landlord otherwise requires
pursuant to Section 7.3, Tenant shall leave the electrical distribution systems, plumbing systems,
lighting fixtures, HVAC ducts and vents, window

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treatments, wall coverings, carpets and other floor coverings, doors and door hardware, millwork,
ceilings and other tenant improvements at the Premises. Notwithstanding the foregoing, Tenant shall
not pull or otherwise remove any computer network cabling, telephone cabling or similar items which
Tenant has installed in the Premises, without Landlord’s prior written consent. In the event of any
such removal, Tenant shall repair any damage to the Premises occasioned thereby.

     7.3 Alterations and Additions.

          (a) Tenant shall not, without Landlord’s prior written consent, make any alterations,
improvements, additions, utility installations or repairs (hereinafter collectively referred to as
“Alterations”) in, on or about the Premises or the Property. Alterations shall include, but shall
not be limited to, the installation or alteration of security or fire protection systems,
communication systems, millwork, shelving, file retrieval or storage systems, carpeting or other
floor covering, window and wall coverings, electrical distribution systems, lighting fixtures,
telephone or computer system wiring, HVAC and plumbing. Landlord agrees (i) that it will endeavor
to respond within ten (10) business days after receipt of any request for consent to any cosmetic
alterations (such as, but not limited to, changes in carpet, wall coverings or painting), and (ii)
that its consent shall not be unreasonably withheld or delayed as to non-structural Alterations
proposed by Tenant that do not affect the electrical, mechanical or plumbing systems of the
Building or the Premises. If Tenant so requests at the time that Tenant requests Landlord’s consent
to any such Alteration, Landlord shall advise Tenant (at the time of giving such consent) of those
Alterations that Tenant must remove at the expiration or earlier termination of the Term, and the
restoration of the Premises and the Building to their prior condition, at Tenant’s expense. If a
work letter agreement is entered into by Landlord and Tenant, Tenant shall not be obligated to
remove the tenant improvements constructed in accordance with the work letter agreement, except to
the extent provided therein. If, as a result of any Alteration made by Tenant, Landlord is
obligated to comply with the Americans With Disabilities Act or any other law or regulation and
such compliance requires Landlord to make any improvement or alteration to any portion of the
Building or the Office Park, as a condition to Landlord’s consent, Landlord shall have the right to
require Tenant to pay to Landlord prior to the construction of any Alteration by Tenant, the entire
cost of any improvement or alteration Landlord is obligated to complete by such law or regulation.
In the case of any Alteration, Tenant shall pay to Landlord an amount sufficient to compensate
Landlord for the overhead and other costs it incurs in reviewing the plans for the Alterations and
in monitoring the construction of the Alterations. Should Landlord permit Tenant to make its own
Alterations, Tenant shall use only such contractor as has been expressly approved by Landlord,
which approval shall not be unreasonably withheld. Should Tenant make any Alterations without the
prior approval of Landlord, or use a contractor not expressly approved by Landlord, Landlord may,
at any time during the term of this Lease, require that Tenant remove all or part of the
Alterations and return the Premises to the condition it was in prior to the making of the
Alterations. In the event Tenant makes any Alterations, Tenant agrees to obtain or cause its
contractor to obtain, prior to the commencement of any work, “builders all risk” insurance in an
amount reasonably approved by Landlord and workers compensation insurance.

          (b) Any request for Landlord’s consent to Alterations in or about the Premises that Tenant
shall desire to make shall be presented to Landlord in written form, with plans and

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specifications which are sufficiently detailed to obtain a building permit (if and to the extent
necessary in light of the Alterations being proposed). If Landlord consents to an Alteration, the
consent shall be deemed conditioned upon Tenant acquiring a building permit (if necessary) and any
other licenses, permits, approvals or authorizations required therefor from the applicable
governmental agencies, furnishing copies thereof to Landlord prior to the commencement of the work,
and compliance by Tenant with all conditions of said permits, licenses, approvals and
authorizations in a prompt and expeditious manner. Tenant shall provide Landlord with as-built
plans and specifications for any Alterations made to the Premises.

          (c) Tenant shall pay, when due, all claims for labor or materials furnished or alleged to have
been furnished to or for Tenant at or for use in the Premises, which claims are or may be secured
by any mechanic’s or materialmen’s lien against the Premises or the Office Park, or any interest
therein. If Tenant shall, in good faith, contest the validity of any such lien, Tenant shall
furnish to Landlord a surety bond satisfactory to Landlord in an amount equal to not less than one
and one half times the amount of such contested lien claim indemnifying Landlord against liability
arising out of such lien or claim. Such bond shall be sufficient in form and amount to free the
Property from the effect of such lien. In addition, Landlord may require Tenant to pay Landlord’s
reasonable attorneys’ fees and costs in participating in such action.

          (d) Tenant shall give Landlord not less than ten (10) days’ advance written notice prior
to the commencement of any work in the Premises by Tenant, and Landlord shall have the right to
post notices of non-responsibility in or on the Premises or the Property.

          (e) All Alterations (whether or not such Alterations constitute trade fixtures of Tenant)
which may be made to the Premises by Tenant shall be paid for by Tenant, at Tenant’s sole expense
(except as otherwise provided in Section 7.2(f) below), and shall be made and done in a good and
workmanlike manner and with new materials satisfactory to Landlord, and such Alterations shall be
the property of Landlord and remain upon and be surrendered with the Premises at the expiration of
the Lease Term, unless Landlord requires their removal pursuant to Section 7.3(a). Tenant’s
personal property and equipment, other than that which is affixed to the Premises so that it cannot
be removed without material damage to the Premises or the Property, shall remain the property of
Tenant and may be removed by Tenant subject to the provisions of
Section 7.2(b).

          (f) Landlord acknowledges that Tenant may desire to make certain alterations or improvements
in the Premises to make the same more suitable for Tenant’s occupancy. Such alterations or
improvements may include tenant improvements to the Premises, installation of fixtures (excluding
furniture and equipment) in the Premises, and architectural and engineering expenses in connection
therewith. All such work shall be undertaken by Tenant in strict accordance with the applicable
requirements of this Lease, including without limitation the foregoing provisions of this Section
7.3. To the extent that (i) such work is completed in accordance with such requirements on or
before the eighteenth (18th) monthly anniversary of the Commencement Date, and (ii)
receipted invoices (and other material required under this Section 7.3 such as, but not limited to,
lien waivers) showing the actual cost thereof are presented to Landlord on or before the twentieth
(20th) monthly anniversary of the Commencement Date, and (iii) at the time of each
advance of funds, there then exists no Event of Default on the part of Tenant under this Lease (nor
any event or circumstance which, with the passage of time or the

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giving of notice, or both, would constitute an Event of Default), Landlord shall reimburse Tenant,
within thirty (30) days after receipt of all such invoices (together with lien waivers for all
costs theretofore billed), for costs actually incurred by Tenant, as evidenced by such invoices,
but in no event shall Landlord be obligated to reimburse Tenant more than an amount equal to
Landlord’s Contribution. For purposes hereof, “Landlord’s Contribution” shall be an amount equal to
the sum of $7.50 per square foot of Rentable Area (or $96,247.50). Tenant may submit requests for
reimbursement of such costs not more often than monthly and, to the extent that Tenant has not
requested reimbursement of any such hard costs on or before the twentieth (20th) monthly
anniversary of the Commencement Date, Landlord shall have no further obligation to reimburse Tenant
for such costs. Up to one-half of the total amount of the amounts advanced hereunder may be
requested to reimburse so-called “soft costs” associated with Tenant’s alterations hereunder,
including without limitation architectural and engineering fees and costs. For purposes hereof, the
costs of moving Tenant’s operations to the Premises, as well as the cost of wiring fifteen (15)
workstations, and for wiring for Tenant’s security system (and the costs of increasing HVAC or
electrical capacity for Tenant’s server room) shall be considered “hard costs.”

     7.4 Failure of Tenant to Remove Property. If this Lease expires or is otherwise
terminated, and Tenant fails to remove its property as required by Section 7.2(b), in addition to
any other remedies available to Landlord under this Lease, and subject to any other right or remedy
Landlord may have under applicable law, Landlord may remove any property of Tenant from the
Premises and store the same elsewhere at the expense and risk of Tenant. If such property is not
claimed, and all of Landlord’s costs and expenses of removal and storage (and other amounts owed by
Tenant to Landlord) are not paid in full, within thirty (30) days after such removal, Landlord may
at its option dispose of the same in any manner Landlord in its sole discretion deems appropriate,
and any proceeds realized by Landlord shall be applied to Landlord’s costs and expenses and other
amounts owed by Tenant to Landlord.

8. Insurance.

     8.1 Insurance-Tenant.

          (a) Tenant shall obtain and keep in force during the term of this Lease a commercial
general liability policy of insurance with coverages reasonably acceptable to Landlord, which, by
way of example and not limitation, protect Tenant and Landlord, any lender of Landlord and such
other persons as Landlord may reasonably request as additional insureds, against claims for bodily
injury, personal injury and property damage based upon, involving or arising out of the ownership,
use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance
shall be on an occurrence basis providing single limit coverage in an amount not less than
$2,000,000 per occurrence with an “Additional Insured-Managers and Landlords of Premises
Endorsement” and contain the “Amendment of the Pollution Exclusion” for damage caused by heat,
smoke or fumes from a hostile fire. The policy shall not contain any intra-insured exclusions as
between insured persons or organizations, but shall include coverage for liability assumed under
this Lease as an “insured contract” and for the performance of Tenant’s indemnity obligations under
this Lease, as the same may be amended or modified from time to time.

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          (b) Tenant shall obtain and keep in force during the term of this Lease all-risk extended
coverage (i.e., so-called “special form”) property insurance with coverages acceptable to Landlord,
in Landlord’s sole discretion. Said insurance shall be written on a one hundred percent (100%)
replacement cost basis on Tenant’s personal property, all tenant improvements installed at the
Premises by Landlord or Tenant, Tenant’s trade fixtures and other property. Such policies shall
provide protection against any peril included within the classification “fire and extended
coverage,” or “special form coverage” against vandalism and malicious mischief, theft, sprinkler
leakage, earthquake damage and flood damage. If this Lease is terminated as the result of a
casualty in accordance with Section 9, the proceeds of said insurance attributable to the
replacement of all tenant improvements made by or on behalf of Tenant at the Premises shall be paid
to Landlord.

          (c) Tenant shall, at all times during the term hereof, maintain in effect workers’
compensation insurance as required by applicable law and business interruption and extra expense
insurance satisfactory to Landlord.

          (d) From time to time, upon not less than thirty (30) days prior written notice to Tenant,
Landlord may require Tenant to carry such additional insurance or higher coverage amounts as
landlords of comparable buildings in the geographical area of the Property are requiring of their
tenants.

     8.2 Insurance-Landlord.

          (a) Landlord shall obtain and keep in force a policy of general liability insurance providing
coverage to Landlord with respect to liability arising out of the ownership, operation and
management of the Property.

          (b) Landlord shall also obtain and keep in force during the Term of this Lease a policy or
policies of insurance covering loss or damage to the Property in the amount of not less than one
hundred percent (100%) of the full replacement cost thereof, as determined by Landlord from time to
time. The terms and conditions of said policies and the perils and risks covered thereby shall be
determined by Landlord, from time to time, in Landlord’s sole discretion. In addition, at
Landlord’s option, Landlord shall obtain and keep in force, during the term of this Lease, a policy
of rental interruption insurance, with loss payable to Landlord, which insurance shall, at
Landlord’s option, also cover all Operating Expenses. At Landlord’s option, Landlord may obtain
insurance coverages and/or bonds related to the operation of the parking areas. In addition,
Landlord shall have the right to obtain such additional insurance as is customarily carried by
owners or operators of other comparable office buildings in the geographical area of the Property.
Tenant will not be named as an additional insured in any insurance policies carried by Landlord and
shall have no right to any proceeds therefrom. The policies purchased by Landlord shall contain
such deductibles as Landlord may determine. In addition to amounts payable by Tenant in accordance
with Section 4.2, Tenant shall pay any increase in the property insurance premiums for the Property
over what was payable immediately prior to the increase to the extent the increase is specified by
Landlord’s insurance carrier as being caused by the nature of Tenant’s occupancy or any act or
omission of Tenant.

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     8.3 Insurance Policies. Tenant shall deliver to Landlord certificates of the insurance
required under Section 8.1 not later than fifteen (15) days prior to the Commencement Date of this
Lease. Tenant’s insurance policies shall not be cancelable or subject to reduction of coverage or
other modification except after thirty (30) days prior written notice to Landlord. Tenant shall, at
least thirty (30) days prior to the expiration of such policies, furnish Landlord with renewals
thereof. Tenant’s insurance policies shall be issued by insurance companies authorized to do
business in the state in which the Property is located, and said companies shall maintain during
the policy term a “General Policyholder’s Rating” of at least A-X (or such other rating as may be
required by any lender having a lien on the Property) as set forth in the most recent edition of
“Best Insurance Reports.” All insurance obtained by Tenant shall be primary to and not contributory
with any similar insurance carried by Landlord, whose insurance shall be considered excess
insurance only. Landlord, and at Landlord’s option, the holder of any mortgage or deed of trust
encumbering the Office Park and any person or entity managing the Office Park on behalf of
Landlord, shall be named as an additional insured on all insurance policies Tenant is obligated to
obtain by Section 8.1 above. Tenant’s insurance policies shall not include deductibles in excess of
Five Thousand Dollars ($5,000).

     8.4 Waiver of Claims and Subrogation. Landlord waives any and all rights of recovery against
Tenant for liability or damages if such liability or damage is covered by Landlord’s insurance
policies then in force or the insurance policies Landlord is required to obtain by Section 8.1
(whether or not the insurance Landlord is required to obtain by Section 8.1 is then in force and
effect), whichever is broader. Landlord’s waiver shall not be limited by the amount of insurance
then carried by Landlord or the deductibles applicable thereto. Tenant waives any and all rights of
recovery against Landlord, Landlord’s employees, agents and contractors for liability or damages if
such liability or damage is covered by Tenant’s insurance policies then in force or the insurance
policies Tenant is required to obtain by Section 8.1 (whether or not the insurance Tenant is
required to obtain by Section 8.1 is then in force and effect), whichever is broader. Tenant’s
waiver shall not be limited by the amount of insurance then carried by Tenant or the deductibles
applicable thereto. Each party shall cause the insurance policies it obtains in accordance with
this Section 8 to provide that the insurance company waives all right of recovery by subrogation
against the other party in connection with any liability or damage covered by any policy or
policies covering the insured party.

     8.5 Coverage. Landlord makes no representation to Tenant that the limits or forms of coverage
specified above or approved by Landlord are adequate to insure Tenant’s property or Tenant’s
obligations under this Lease, and the limits of any insurance carried by Tenant shall not limit
Tenant’s obligations or liability under any indemnity provision included in this Lease or under any
other provision of this Lease.

9. Damage or Destruction.

     9.1 Effect of Damage or Destruction (a) If all or part of the Building is damaged by
fire, earthquake, flood, explosion, the elements, riot, the release or existence of Hazardous
Substances (as defined below) or by any other cause whatsoever (hereinafter collectively referred
to as “damages”), but the damages are not material (as defined in Section 9.2 below), Landlord

17

 

shall repair the damages to the Building within a commercially reasonable time, and this Lease
shall remain in full force and effect. If all or part of the Building is destroyed or materially
damaged (as defined in Section 9.2 below), Landlord shall have the right, in its sole and complete
discretion, to repair or to rebuild the Building or to terminate this Lease. Landlord shall within
sixty (60) days after the occurrence of such material damage or destruction notify Tenant in
writing of Landlord’s intention to repair or to rebuild or to terminate this Lease. Tenant shall in
no event be entitled to compensation or damages on account of annoyance or inconvenience in making
any repairs, or on account of construction, or on account of Landlord’s election to terminate this
Lease.

          (b) Notwithstanding the foregoing, if the Premises are destroyed or damaged as aforesaid and
Landlord in good faith determines that the Premises cannot be rebuilt or repaired within one
hundred eighty (180) days after the date of the occurrence of the damage or destruction, without
payment of overtime or other premiums, and the damage to the Building will render the entire
Premises unusable during said one hundred eighty (180) day period, Landlord shall notify Tenant
thereof within sixty (60) days after the occurrence of such material damage or destruction, and
Tenant shall thereafter have a period of fifteen (15) days within which Tenant may elect to
terminate this Lease, such termination to be effective upon written notice to Landlord. As used in
this Article 9, the term “Premises” shall mean the Premises itself and such portions of the common
areas and facilities of the Building as are necessary to provide reasonably safe access to the
Premises and to provide those building services, such as utilities and HVAC service, that Landlord
is required to provide hereunder. In addition, if Tenant does not so elect to terminate this Lease
within such 15-day period, and if Landlord’s restoration work in the Premises is not substantially
completed within one hundred eighty (180) days after the date of the occurrence of the damage or
destruction (which 180-day period shall be extended (i) for such time as Landlord is prevented or
delayed by acts or omissions of Tenant, or (ii) for such time (not to exceed 60 additional days) as
Landlord is prevented or delayed by any so-called
“force majeure” or matters beyond Landlord’s reasonable control), then Tenant may again elect to
terminate this Lease, any such termination to be effective on the forty-fifth (45th) day
after written notice to Landlord of such termination (unless restoration work to the Premises is
substantially completed within such 45-day period). Tenant’s termination rights described in the
preceding sentences shall not apply if the damage was caused by the negligent or intentional acts
of Tenant or its employees, agents, contractors or invitees.

          (c) Subject to Section 9.3 below, if Landlord or Tenant terminates this Lease in accordance
with this Section 9.1, Tenant shall continue to pay all Base Rent, Operating Expense increases and
other amounts due hereunder which arise prior to the date of termination.

     9.2 Definition of Material Damage. Damage to the Building shall be deemed material if, in
Landlord’s reasonable judgment, (a) the Building cannot be rebuilt or repaired within one hundred
eighty (180) days after the date of the occurrence of the damage or destruction, (b) the Building
cannot be rebuilt or repaired to substantially the same condition it was in prior to the damage due
to laws or regulations in effect at the time the repairs will be made, (b) the holder of any
mortgage or deed of trust encumbering the Property requires that insurance proceeds available to
repair the damage in excess of Fifty Thousand Dollars ($50,000)

18

 

be applied to the repayment of the indebtedness secured by the mortgage or the deed of trust, or
(c) the damage occurs during the last twelve (12) months of the Lease Term.

     9.3 Abatement of Rent. If Landlord elects to repair damage to the Property and all or part of
the Premises will be unusable or inaccessible to Tenant in the ordinary conduct of its business
until the damage is repaired, Tenant’s Base Rent and Tenant’s Share of Operating Expense increases
shall be abated until the repairs are completed in proportion to the amount of the Premises which
is unusable or inaccessible to Tenant in the ordinary conduct of its business.

     9.4 Tenant’s Acts. Subject to Section 8.4 above, if such damage or destruction occurs as a
result of the negligence or the intentional acts of Tenant or Tenant’s employees, agents,
contractors or invitees, and the proceeds of insurance which are actually received by Landlord or
its mortgagee are not sufficient to pay for the repair of all of the damage, Tenant shall pay, at
Tenant’s sole cost and expense, to Landlord upon demand, the difference between the cost of
repairing the damage and the insurance proceeds received by Landlord.

     9.5 Tenant’s Property. As more fully set forth in Section 22, Landlord shall not be liable to
Tenant or its employees, agents, contractors, invitees or customers for loss or damage to
merchandise, tenant improvements, fixtures, automobiles, furniture, equipment, computers, files or
other property (hereinafter in this Section 9.5 collectively “Tenant’s Property”) located at the
Property, unless damaged due to the gross negligence or willful misconduct of Landlord, its
employees or agents. Tenant shall repair or replace all of Tenant’s property at Tenant’s sole cost
and expense. Tenant acknowledges that it is Tenant’s sole responsibility to obtain adequate
insurance coverage to compensate Tenant for damage to Tenant’s property.

     9.6 Waiver. Landlord and Tenant hereby waive the provisions of any present or future
statutes which relate to the termination of leases when leased property is damaged or
destroyed and agree that such event shall be governed by the terms of this Lease.

10. Real and Personal Property Taxes.

     10.1 Payment of Taxes. Tenant shall pay to Landlord during the term of this Lease, in addition
to Base Rent and Tenant’s Share of Operating Expense increases, Tenant’s Share of the amount by
which all “Real Property Taxes” (as defined in Section 10.2 below) for each Comparison Year exceeds
the amount of all Real Property Taxes for the Tax Base Year. Tenant’s Share of Real Property Tax
increases shall be payable by Tenant at the same time, in the same manner and under the same terms
and conditions as Tenant pays Tenant’s Share of Operating Expense increases as provided in Section
4.2(f) of this Lease. Except as expressly provided in Section 10.4 below, if the Real Property
Taxes incurred during any Comparison Year are less than the Real Property Taxes incurred during the
Tax Base Year, Tenant shall not be entitled to receive any credit, offset, reduction or benefit as
a result of said occurrence.

     10.2 Definition of “Real Property Tax”. As used herein, the term “Real Property Taxes” shall
mean (i) all taxes, assessments (special or otherwise), levies, fees and all other

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government levies, exactions and charges of every kind and nature, general and special, ordinary
and extraordinary, foreseen and unforeseen, which are, at any time prior to or during the Term,
imposed or levied upon or assessed against the Property or any portion thereof, or against any Base
Rent, additional rent or other rent of any kind or nature payable to Landlord by anyone on account
of the ownership, leasing or operation of the Property, or which arise on account of or in respect
of the ownership, development, leasing, operation or use of the Property or any portion thereof;
(ii) all gross receipts taxes or similar taxes imposed or levied upon, assessed against or measured
by any Base Rent, additional rent or other rent of any kind or nature or other sum payable to
Landlord by anyone on account of the ownership, development, leasing, operation, or use of the
Property or any portion thereof; (iii) all value added, use and similar taxes at any time levied,
assessed or payable on account of the ownership, development, leasing, operation, or use of the
Property or any portion thereof; and (iv) reasonable out-of pocket expenses of any proceeding for
abatement of any of the foregoing items included in Real Property Taxes, provided Landlord prevails
in such abatement proceeding; but the amount of special taxes or special assessments included in
Real Property Taxes shall be limited to the amount of the installment (plus any interest, other
than penalty interest, payable thereon) of such special tax or special assessment required to be
paid during the year in respect of which such Real Property Taxes are being determined. There shall
be excluded from Real Property Taxes all income, estate, succession, inheritance and transfer taxes
of Landlord or any tax defined as an Operating Expense by Section 4.2(c); provided, however, that
if at any time during the Term the present system of ad valorem taxation of real property shall be
changed so that a capital levy, franchise, income, profits, sales, rental, use and occupancy, or
other tax or charge shall in whole or in part be substituted for, or added to, such ad valorem tax
and levied against, or be payable by, Landlord with respect to the Property or any portion thereof,
such tax or charge shall be included in the term “Real Property Taxes” for the purposes of this
Lease.

     10.3 Personal Property Taxes. Tenant shall pay prior to delinquency all taxes assessed against
and levied upon trade fixtures, furnishings, equipment and all other personal property of Tenant
contained in the Premises or related to Tenant’s use of the Premises. If any of Tenant’s personal
property shall be assessed with Landlord’s real or personal property, Tenant shall pay to Landlord
the taxes attributable to Tenant within thirty (30) days after receipt of a written statement from
Landlord setting forth the taxes applicable to Tenant’s property.

     10.4 Reassessments. From time to time Landlord may challenge the assessed value of the
Building and Land as determined by applicable taxing authorities and/or Landlord may attempt to
cause the Real Property Taxes to be reduced on other grounds. If Landlord is successful in causing
the Real Property Taxes to be reduced or in obtaining a refund, rebate, credit or similar benefit
(hereinafter in this Section 10.4 collectively referred to as a
“reduction”), Landlord shall, after deducting the costs incurred by Landlord in causing the
reduction to be made, credit the reduction(s) to Real Property Taxes for the calendar year to which
a reduction applies and to recalculate the Real Property Taxes owed by Tenant for years after the
year in which the reduction applies based on the reduced Real Property Taxes (if a reduction
applies to Tenant’s Tax Base Year, the Tax Base Year Real Property Taxes shall be reduced by the
amount of the reduction and Tenant’s Share of Real Property Tax increases shall be recalculated for
all Comparison Years following the year of the reduction based on the lower Tax Base Year amount).
After deducting Landlord’s expenses as hereinabove provided,

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Landlord shall refund to Tenant Tenant’s Share of the reduction of Real Property Taxes
(exclusive of interest) for the years to which any reductions apply.

11. Utilities.

     11.1 Services Provided by Landlord. Subject to all governmental rules, regulations and
guidelines applicable thereto, Landlord shall provide HVAC service to the Common Areas and the
Premises during the times described in Section 11.4 (which HVAC service shall be sufficient to
provide a reasonably comfortable interior environment under usual prevailing exterior conditions),
reasonable amounts of electricity for normal lighting to the Common Area, replacement light bulbs
and/or fluorescent tubes and ballasts for standard overhead fixtures in the Common Area, water in
the Premises and in the Common Area for reasonable and normal drinking and lavatory use, and
building standard janitorial services, as described in Exhibit C hereto.

     11.2 Intentionally Omitted.

     11.3 Services Exclusive to Tenant. Tenant shall pay directly to the provider thereof, on or
before the date when due and in addition to payments of Base Rent and other additional rent
provided for herein, the costs of all electricity used in the Premises (including, but not limited
to, for HVAC), water, gas, heat, heat pump fuel, telephone and any other utilities and services
supplied and/or metered exclusively to the Premises or to Tenant, together with any taxes thereon.
If Landlord measures electricity or any other utility usage in the Premises by a submeter, Tenant
shall pay the costs as shown on such submeter to Landlord, as additional rent, at Landlord’s actual
cost for such services, without mark-up, within thirty (30) days after receipt of an invoice
therefor. If any such services are not separately metered or submetered to the Premises, Tenant
shall pay, at Landlord’s option, either Tenant’s Share or a reasonable proportion to be determined
by Landlord of all charges jointly metered with other premises in the Building at Landlord’s actual
cost for such services, without mark-up.

     11.4 Hours of Service. Building services shall be provided Monday through Friday from 8:00
a.m. to 6:00 p.m. and Saturdays from 9:00 a.m. to 1:00 p.m. Janitorial services shall be provided
Monday through Friday. Other Building services, if any, shall not be provided at other times or on
nationally recognized holidays. Nationally recognized holidays shall include, but shall not
necessarily be limited to, New Years Day, Martin Luther King Jr. Day, Presidents’ Day, Memorial
Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day.

     11.5 Excess Usage by Tenant. Notwithstanding the Permitted Use set forth in Section 1.9,
Tenant shall not use Building utilities or services in excess of those used by the average office
building tenant using its premises for ordinary office use. Tenant shall not install at the
Premises office machines, lighting fixtures or other equipment which will generate above average
heat, noise or vibration at the Premises or which will adversely affect the Building’s HVAC or
other systems. If the Premises include or if Tenant hereafter installs any computer,
telecommunications or other so-called “special purpose” room or area, Tenant shall at its sole

21

 

cost and expense, provide such supplemental heating, ventilation and air conditioning equipment and
systems (the “Supplemental Systems”) as may be required to keep such room or area at the proper
temperature and environmental conditions. All Supplemental Systems shall be subject to Landlord’s
prior review and consent and other conditions in Article 7, and if approved, shall be maintained,
repaired and replaced as necessary by Tenant, so as not to impose any additional load on the
Building systems. Tenant shall pay, as additional rent, the cost of electricity, water and other
materials necessary for the proper operation of Supplemental Systems, as well as any costs or
expenses incurred by Landlord to provide additional capacity for Building systems to accommodate or
provide the same. Without limiting the foregoing, if Tenant does use Building utilities or services
in excess of those used by the average office building tenant, Landlord shall have the right (but
no obligation), in addition to any other rights or remedies it may have under this Lease, to (a) at
Tenant’s expense, install additional equipment and/or separate metering devices at the Premises,
and to charge Tenant therefor and for such usage, (b) require Tenant to install Supplemental
Systems as provided above, (c) require Tenant to pay to Landlord all costs, expenses and damages
incurred by Landlord as a result of such usage, and/or (d) require Tenant to stop using excess
utilities or services.

     11.6 Interruptions. (a) Tenant agrees that Landlord shall not be liable to Tenant for its
failure to furnish gas, electricity, telephone service, water, HVAC or any other utility services
or building services when such failure is occasioned, in whole or in part, by repairs,
replacements, or improvements, by any strike, lockout or other labor trouble, by inability to
secure electricity, gas, water, telephone service or other utility at the Office Park, by any
accident, casualty or event arising from any cause whatsoever, including the negligence of
Landlord, its employees, agents and contractors, by act, negligence or default of Tenant or any
other person or entity, or by any other cause and, to the extent permitted by law, such failures
shall never be deemed to constitute an eviction or disturbance of Tenant’s use and possession of
the Premises or relieve Tenant from the obligation of paying rent or performing any of its
obligations under this Lease. Furthermore, Landlord shall not be liable under any circumstances for
loss of property or for injury to, or interference with, Tenant’s business, including, without
limitation, loss of profits, however occurring, through or in connection with or incidental to a
failure to furnish any such services or utilities. Landlord may comply with voluntary controls or
guidelines promulgated by any governmental entity relating to the use or conservation of energy,
water, gas, light or electricity or the reduction of automobile or other emissions without creating
any liability of Landlord to Tenant under this Lease.

          (b) Notwithstanding anything contained in this Lease to the contrary, if (i) an
interruption or curtailment, suspension or stoppage of an Essential Service (as said term is
hereinafter defined) shall occur (any such interruption of an Essential Service being hereinafter
referred to as a “Service Interruption”), and (ii) such Service Interruption occurs or continues as
a result of the negligence or a wrongful conduct of the Landlord or Landlord’s agents, servants,
employees or contractors, and (iii) such Service Interruption continues for more than three (3)
business days after Landlord shall have received notice thereof from Tenant, and (iv) as a result
of such Service Interruption, the conduct of Tenant’s normal operations in the Premises is
materially and adversely affected, then there shall be an abatement of one day’s Base Rent and
Tenant’s Share of Operating Expenses and Taxes for each day during which such Service Interruption
continues after such three (3) business day period. For purposes hereof, the term

22

 

“Essential Services” shall mean the following services: access to the Premises, water and
sewer/septic service and electricity. The foregoing shall not apply to any Service Interruption to
the extent the same arises from any act or omission of Tenant or its agents, contractors or
employees, or from fire or casualty, Force Majeure or taking or condemnation by the power of
eminent domain. Tenant’s rights herein granted shall be Tenant’s sole and exclusive remedies for
any loss or damage arising from any Service Interruption.

12. Assignment and Subletting.

     12.1 Landlord’s Consent Required. (a) Tenant shall not voluntarily or by operation of law
assign, pledge, hypothecate, mortgage, sublet, or otherwise transfer or encumber all or any part of
Tenant’s interest in this Lease or in the Premises (any of the foregoing hereinafter may be
referred to as a “Transfer”), or permit any Transfer to occur, without Landlord’s prior written
consent in each case. A “Transfer” requiring Landlord’s consent hereunder shall include, without
limitation, the use or occupancy of the Premises or any part thereof by any party other than
Tenant, and the granting of concessions, licenses and the like with respect to the Premises or any
part thereof. Provided that Tenant’s request for consent reflects in prominent typeface that
Landlord is required to respond within such period, Landlord shall respond to Tenant’s written
request for consent hereunder within ten (10) business days after Landlord’s receipt of the written
request from Tenant. Any attempted Transfer without such consent shall be void and shall constitute
an Event of Default under this Lease. Tenant’s written request for Landlord’s consent shall
include, and Landlord’s ten (10) business day response period referred to above shall not commence,
unless and until Landlord has received from Tenant, all of the following information: (a) financial
statements for the proposed assignee or subtenant (b) a detailed description of the business the
assignee or subtenant intends to operate at the Premises, (c) the proposed effective date of the
assignment or sublease, (d) a copy of the proposed sublease or assignment agreement which includes
all of the material terms and conditions of the proposed assignment or sublease, (e) a reasonably
detailed description of any ownership or commercial relationship between Tenant and the proposed
assignee or subtenant; and (f) a description of any Alterations the proposed assignee or subtenant
desires to make to the Premises. If the obligations of the proposed assignee or subtenant will be
guaranteed by any person or entity, Tenant’s written request shall not be considered complete until
the information described in (a) of the previous sentence has been provided with respect to each
proposed guarantor.

          (b) A “Transfer” shall also include: (i) if Tenant is a corporation, and Tenant’s stock is not
publicly traded over a recognized securities exchange, or Tenant is a partnership, limited
liability company, or other entity, transfer of more than fifty percent (50%) of the voting stock
of such corporation or fifty percent (50%) (or in either case, such lower percentage as would
effect a change of control) of the voting interests in such partnership, limited liability company
or other entity during the term of this Lease (whether or not in one or more transfers, but
excluding bona fide transfers not entered into for the purpose of evading this provision and
constituting further equity investment in Tenant or transfers of not more than twenty percent (20%)
and not resulting in a change of control); and (ii) the dissolution, merger or liquidation of the
corporation or other entity, and (iii) the involvement by Tenant or its assets in any transaction,
or series of transactions (by way of merger, sale, acquisition, financing, refinancing,

23

 

transfer, leveraged buy-out or otherwise) whether or not a formal assignment or
hypothecation of this Lease or Tenant’s assets occurs, but only if such transaction
results or will result in a reduction of the “Net Worth” of Tenant (as hereinafter
defined), by an amount equal to or greater than twenty-five percent (25%) of such Net
Worth of Tenant as it is represented to Landlord at the time of the execution by Landlord
of this Lease.

     12.2 Business Combinations; Affiliates.(a) Section 12.1 shall not apply to, and
Landlord’s prior consent shall not be required for any Transfer arising or resulting from
the involvement by Tenant or its assets in any transaction, or series of transactions (by
way of merger, sale, acquisition, financing, refinancing, transfer, leveraged buy-out or
otherwise), whether or not a formal assignment or hypothecation of this Lease or Tenant’s
assets occurs, unless such transaction or series of transactions results or will result
in a reduction of the “Net Worth” of Tenant as hereinafter defined, by an amount equal to
or greater than twenty-five percent (25%) of such Net Worth of Tenant as it is
represented to Landlord at the time of the execution by Landlord of this Lease, or as it
exists immediately prior to said transaction or transactions constituting such reduction,
at whichever time said Net Worth of Tenant was or is greater. “Net Worth” of Tenant for
purposes of this Section 12.2 shall be the net worth of Tenant (excluding any guarantors)
established under generally accepted accounting principles consistently applied.

          (b) Section 12.1 shall not apply to, and Landlord’s prior consent shall not be
required for any assignment of this Lease, or a sublease of all or any portion of the
Premises, by the Tenant to its wholly owned subsidiary or immediate controlling entity or
its Affiliate (as hereinafter defined) (for such period of time as such corporation
remains such a subsidiary or such a controlling entity or such an Affiliate,
respectively, it being agreed that the subsequent sale or transfer of stock or ownership
interest resulting in a change in voting control, or any other transaction(s) having the
overall effect that such entity ceases to be such a subsidiary or such a controlling
entity or such an Affiliate, respectively, of the Tenant, shall be treated as if such
sale or transfer or transaction(s) were, for all purposes, a Transfer governed by the
provisions of Section 12.1), provided (and it shall be a condition of the validity of any
such assignment) that such Transferee first agree directly with the Landlord to be bound
by all of the obligations of the Tenant hereunder, including, without limitation, the
obligation to pay the rent and other amounts provided for under this Lease, the covenant
to use the Premises only for the purposes specifically permitted under this Lease and the
covenant against further assignment, but such assignment shall not relieve the Tenant
herein named of any of its obligations hereunder, and the Tenant shall remain fully
liable therefor. As used herein, “Affiliate” shall mean any entity that is under common
direct or indirect control with Tenant. “Control” shall mean ownership of fifty-one
percent (51%) or more of the voting securities, or other ownership interests or rights of
the controlled entity (which includes the right to elect the directors of the corporation
or the equivalent if such entity is not a corporation).

     12.3 Standard For Approval. Landlord shall not unreasonably withhold its consent to
a Transfer, provided that Tenant has complied with each and every requirement, term and
condition of this Section 12. Tenant acknowledges and agrees that each requirement, term
and condition in this Section 12 is a reasonable requirement, term or condition, but that
the terms and conditions of this Section 12 are not an exclusive statement of the
reasonable grounds on which

24

 

Landlord may withhold its consent to a Transfer. Without limiting the generality of the foregoing,
it shall be deemed reasonable for Landlord to withhold its consent to a Transfer if any
requirement, term or condition of this Section 12 is not complied with, or: (a) the Transfer would
cause Landlord to be in violation of its obligations under another lease or agreement to which
Landlord is a party; (b) in Landlord’s reasonable judgment, a proposed assignee has a smaller Net
Worth than Tenant has on the date of such Transfer, or is less able financially to pay the rents
due under this Lease as and when they are due and payable; (c) a proposed assignee’s or subtenant’s
business will impose a burden on the Property’s parking facilities, elevators, Common Areas or
utilities that is greater than the burden imposed by Tenant, in Landlord’s reasonable judgment; (d)
the terms of a proposed assignment or subletting will allow the proposed assignee or subtenant to
exercise a right of renewal, right of expansion, right of first offer, right of first refusal or
similar right held by Tenant; (e) a proposed assignee or subtenant refuses to enter into a written
assignment agreement or sublease, satisfactory to Landlord in its reasonable discretion, which
provides that it will abide by and assume all of the terms and conditions of this Lease for the
term of any assignment or sublease and containing such other terms and conditions as Landlord
reasonably deems necessary; (f) the use of the Premises by the proposed assignee or subtenant will
not be identical to the Permitted Use; (g) any guarantor of this Lease refuses to consent to the
Transfer or to execute a written agreement reaffirming the guaranty; (h) if requested by Landlord,
the assignee or subtenant refuses to sign a non-disturbance and attornment agreement in favor of
Landlord’s lender; (j) Landlord has sued or been sued by the proposed assignee or subtenant or has
otherwise been involved in a legal dispute with the proposed assignee or subtenant; (k) the
proposed assignee or subtenant is involved in a business which in Landlord’s reasonable judgment is
not in keeping with the then current standards of the Building, or (l) the proposed assignee or
subtenant is a person or entity then negotiating with Landlord for the lease of space in the
Building (or any other building in the Office Park owned by an affiliate of Landlord). Tenant shall
not publicly offer or advertise for any assignment or sublease at a price or rate below the prices
or rates at which Landlord is then offering to lease space in the Building.

     12.4 Additional Terms and Conditions. The following terms and conditions shall be
applicable to any Transfer:

          (a) Regardless of Landlord’s consent, no Transfer shall release Tenant from Tenant’s
obligations hereunder or alter the primary liability of Tenant to pay the rent and other sums due
Landlord hereunder and to perform all other obligations to be performed by Tenant hereunder, or
release any guarantor from its obligations under its guaranty.

          (b) Landlord may accept rent from any person other than Tenant pending approval or
disapproval of an assignment or subletting.

          (c) Neither a delay in the approval or disapproval of a Transfer, nor the acceptance of rent,
shall constitute a waiver or estoppel of Landlord’s right to exercise its rights and remedies for
the breach of any of the terms or conditions of this Section 12.

          (d) The consent by Landlord to any Transfer shall not constitute a consent to any subsequent
Transfer by Tenant or to any subsequent or successive Transfer by an assignee or subtenant.
However, Landlord may consent to subsequent Transfers or any amendments or

25

 

modifications thereto without notifying Tenant or anyone else liable on the Lease and without
obtaining their consent, and such action shall not relieve such persons from liability under
this Lease.

          (e) In the event of any default under this Lease, Landlord may proceed directly against
Tenant, any guarantors or anyone else responsible for the performance of this Lease, including any
subtenant or assignee, without first exhausting Landlord’s remedies against any other person or
entity responsible therefor to Landlord, or any security held by Landlord.

          (f) Landlord’s written consent to any Transfer by Tenant shall not constitute an
acknowledgment that no default then exists under this Lease nor shall such consent be deemed a
waiver of any then existing default.

          (g) The discovery of the fact that any financial statement relied upon by Landlord in
giving its consent to an assignment or subletting was materially false shall, at Landlord’s
election, render Landlord’s consent null and void.

          (h) Landlord shall not be liable under this Lease or under any sublease to any subtenant.

          (i) No assignment or sublease may be materially modified or amended without
Landlord’s prior written consent.

          (j) Any assignee of, or subtenant under, this Lease shall, by reason of accepting such
assignment or entering into such sublease, be deemed, for the benefit of Landlord, to have assumed
and agreed to conform and comply with each and every term, covenant, condition and obligation
herein to be observed or performed by Tenant during the term of said assignment or sublease, except
as Landlord may otherwise specifically agree in writing.

     12.5 Additional Terms and Conditions Applicable to Subletting. The following terms and
conditions shall apply to any subletting by Tenant of all or any part of the Premises and shall be
deemed included in all subleases under this Lease whether or not expressly incorporated therein:

          (a) Tenant hereby absolutely and unconditionally assigns and transfers to Landlord all
of Tenant’s interest in all rentals and income arising from any sublease entered into by Tenant,
Landlord may collect such rent and income and apply same toward Tenant’s obligations under this
Lease; provided, however, that until a default shall occur in the performance of Tenant’s
obligations under this Lease, Tenant may receive, collect and enjoy the rents accruing under such
sublease. Landlord shall not, by reason of this or any other assignment of such rents to Landlord
nor by reason of the collection of the rents from a subtenant, be deemed to have assumed or
recognized any sublease or to be liable to the subtenant for any failure of Tenant to perform and
comply with any of Tenant’s obligations to such subtenant under such sublease, including, but not
limited to, Tenant’s obligation to return any security deposit. Tenant hereby irrevocably
authorizes and directs any such subtenant, upon receipt of a written notice from Landlord stating
that a default exists in the performance of Tenant’s obligations under this Lease, to pay to
Landlord the rents due as they become due under the

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sublease. Tenant agrees that such subtenant shall have the right to rely upon any such statement
and request from Landlord, and that such subtenant shall pay such rents to Landlord without any
obligation or right to inquire as to whether such default exists and notwithstanding any notice
from or claim from Tenant to the contrary.

          (b) Each sublease shall provide that if, prior to the termination of any sublease, any
event (other than a casualty described in Section 9.1 or condemnation described in Section 15)
occurs which, by voluntary or involuntary act or by operation of law, might cause or permit this
Lease to be terminated, expire, be canceled, be foreclosed against, or otherwise come to an end,
including but not limited to (1) an Event of Default by Tenant under this Lease of any of the terms
or provisions hereof, (2) foreclosure proceedings brought by the holder of any mortgage or trust
deed to which the Property is subject; or (3) the termination of Tenant’s leasehold estate by
dispossession proceeding or otherwise, then, at Landlord’s sole election and option, the subtenant
shall attorn to Landlord and recognize Landlord as the subtenant’s landlord under the sublease,
upon the terms and conditions and at the rental rate specified in the sublease, and for the then
remaining term of the sublease, except that Landlord shall not be bound by any provision of the
sublease which in any way increases Landlord’s duties, obligations or liabilities to the subtenant
beyond those owed to Tenant under this Lease. The subtenant shall execute and deliver, at any time
and from time to time, upon request of Landlord, any instruments which may be necessary or
appropriate to evidence such attornment. Landlord shall not (i) be liable to the subtenant for any
act, omission or breach of the sublease by Tenant, (ii) be subject to any offsets or defenses which
the subtenant might have against Tenant, (iii) be bound by any rent or additional rent which the
subtenant might have paid in advance to Tenant, or (iv) be bound to honor any rights of the
subtenant in any security deposit made with Tenant except to the extent Tenant has turned over such
security deposit to Landlord. Tenant hereby agrees that upon the occurrence of any event with
respect to this Lease described above, Tenant shall immediately pay or transfer to Landlord any
security deposit, rent or other sums then held by Tenant. In the event of any such attornment,
Landlord’s liability shall be limited to matters arising during Landlord’s ownership of the
Building. The liability of Landlord to the subtenant for any default by landlord after such
attornment, or arising in connection with Landlord’s operation, management, leasing, repair,
renovation, alteration, or any other matter relating to the Building or the subleased premises,
shall be limited to the interest of the Landlord in the Building (and proceeds thereof). Landlord
shall have the right, in Landlord’s sole discretion, to elect not to have the subtenant attorn to
Landlord and, in that event, the sublease shall be deemed terminated on the date of the occurrence
of the event with respect to this Lease described above, and Landlord shall have no obligation to
permit the subtenant to continue to occupy all or any part of the Premises.

     12.6 Transfer Premium from Assignment or Subletting. Landlord shall be entitled to receive
from Tenant (as and when received by Tenant) as an item of additional rent fifty percent (50%) of
the gross amounts received by Tenant from such assignee or subtenant in excess of the amounts
payable by Tenant to Landlord hereunder (the “Transfer Premium”). The Transfer Premium shall be
reduced by the reasonable brokerage commissions, legal fees, improvements allowances and other
inducements actually paid to the subtenant or assignee in order to assign the Lease or to sublet
all or a portion of the Premises. If less than all of the Premises is transferred, the Base Rent
and the additional rent shall be determined on a per

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rentable square foot basis. “Transfer Premium” shall also include, but not be limited to, key money
and bonus money paid by the assignee or subtenant to Tenant in connection with such Transfer, the
fair value of any work or services provided by the assignee or subtenant for Tenant, and any
payment in excess of fair market value for services rendered by Tenant to the assignee or subtenant
or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to the assignee
or subtenant in connection with such Transfer. The provisions of this Section 12.6 shall not be
applicable to any sublease or assignment permitted under Section 12.2.

     12.7 Landlord’s Option to Recapture Space. Notwithstanding anything to the contrary contained
in this Section 12, Landlord shall have the option, by giving written notice to Tenant within
fifteen (15) business days after receipt of a request by Tenant given prior to Tenant’s marketing
the space for sublease or assignment, to terminate this Lease with respect to said space as of the
date thirty (30) days after Landlord’s election. In the event of a recapture by Landlord, if this
Lease shall be canceled with respect to less than the entire Premises, the Base Rent, Tenant’s
Share of Operating Expense and Real Property Tax increases and the number of parking spaces Tenant
may use shall be adjusted on the basis of the number of rentable square feet retained by Tenant in
proportion to the number of rentable square feet contained in the original Premises, and this Lease
as so amended shall continue thereafter in full force and effect, and upon request of either party,
the parties shall execute written confirmation of same. If Landlord recaptures only a portion of
the Premises, it shall construct and erect at its sole cost such partitions as may be required to
sever the space to be retained by Tenant from the space recaptured by Landlord. Landlord may, at
its option, lease any recaptured portion of the Premises to the proposed subtenant or assignee or
to any other person or entity without liability to Tenant. Tenant shall not be entitled to any
portion of the profit, if any, Landlord may realize on account of such termination and reletting.
Tenant acknowledges that the purpose of this Section 12.7 is to enable Landlord to receive profit
in the form of higher rent or other consideration to be received from an assignee or subtenant, to
give Landlord the ability to meet additional space requirements of other tenants of the Office Park
and to permit Landlord to control the leasing of space in the Office Park. Tenant acknowledges and
agrees that the requirements of this Section 12.7 are commercially reasonable and are consistent
with the intentions of Landlord and Tenant. Upon notification to Tenant by Landlord of Landlord’s
intention to recapture the Premises (or applicable portion thereof) hereunder, Tenant may rescind
its notice of intention to sublease or assign, by giving Landlord notice of such rescission within
five (5) days after receipt of Landlord’s notice of intent to recapture, whereupon Tenant’s notice
of intention to sublease or assign shall be null and void. The provisions of this Section 12.7
shall not be applicable to any sublease or assignment permitted under Section 12.2.

     12.8 Landlord’s Expenses. In the event Tenant shall assign this Lease or sublet the Premises
or request the consent of Landlord to any Transfer, then Tenant shall pay Landlord’s reasonable
costs and expenses incurred in connection therewith, including, but not limited to, attorneys’,
architects’, accountants’, engineers’ or other consultants’ fees.

13. Default; Remedies.

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     13.1 Default by Tenant. Landlord and Tenant hereby agree that the occurrence of any one or
more of the following events shall be an “Event of Default” by Tenant under this Lease and that
said Event of Default shall give Landlord the rights described in Section 13.2. Landlord or
Landlord’s authorized agent shall have the right to execute and to deliver any notice of default,
notice to pay rent or quit or any other notice Landlord gives Tenant.

          (a) Tenant’s failure to make any payment of Base Rent, Tenant’s Share of Operating Expense
increases, Tenant’s Share of Real Property Taxes, late charges, or any other payment required to be
made by Tenant hereunder, as and when due, where such failure shall continue for a period of five
(5) business days after written notice thereof from Landlord to Tenant. In the event that Landlord
serves Tenant with a notice to pay rent or quit pursuant to applicable summary process or unlawful
detainer statutes, such notice shall also constitute the notice required by this Section 13.1(a).

          (b) The failure of Tenant to comply with any of its obligations under Sections 6.1, 6.2, 7.2,
7.3, 8, 11.3, 12, 18, 19, 21, 23, 24, 26, 34, 35 and 56 and failure to cure the same within ten
(10) days following written notice from Landlord to Tenant. In the event that Landlord serves
Tenant with a notice to pay rent or quit pursuant to applicable summary process or unlawful
detainer statutes, such notice shall also constitute the notice required by this Section 13.1(b).

          (c) The failure by Tenant to observe or perform any of the covenants, conditions or provisions
of this Lease to be observed or performed by Tenant (other than those referenced in Sections
13.1(a), (b) and (c), above), where such failure shall continue for a period of thirty (30) days
after written notice thereof from Landlord to Tenant; provided, however, that if the nature of
Tenant’s non-performance is such that more than thirty (30) days are reasonably required for its
cure, then an Event of Default shall not be deemed to exist if Tenant commences such cure within
said thirty (30) day period and thereafter diligently pursues such cure to completion. In the event
that Landlord serves Tenant with a notice to pay rent or quit pursuant to applicable summary
process or unlawful detainer statutes, such notice shall also constitute the notice required by
this Section 13.1(c).

          (d) (i) The making by Tenant or any guarantor of Tenant’s obligations hereunder of any
general arrangement or general assignment for the benefit of creditors; (ii) Tenant or any
guarantor becoming a “debtor” as defined in 11 U.S.C. Section 101 (the
“Bankruptcy Code”) or any successor statute thereto (unless, in the case of a petition filed
against Tenant or guarantor, the same is dismissed within sixty (60) days); (iii) the appointment
of a trustee or receiver to take possession of substantially all of Tenant’s assets located at the
Premises or of Tenant’s interest in this Lease, where possession is not restored to Tenant within
thirty (30) days; (iv) the attachment, execution or other judicial seizure of substantially all of
Tenant’s assets located at the Premises or of Tenant’s interest in this Lease, where such seizure
is not discharged within thirty (30) days; (v) Tenant shall be adjudicated insolvent, or shall file
any petition or answer seeking any reorganization, arrangement, composition, readjustment,
liquidation, dissolution or similar relief for itself under any present or future Federal, State or
other statute, law or regulation for the relief of debtors (other than the Bankruptcy Code), or
shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of
Tenant or of all or any substantial part of its properties, or shall admit in writing its inability
to pay its

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debts generally as they become due; (vi) a petition shall be filed against Tenant under any law
other than the Bankruptcy Code seeking any reorganization, arrangement, composition, readjustment,
liquidation, dissolution, or similar relief under any present or future Federal, State or other
statute, law or regulation and shall remain undismissed or unstayed for an aggregate of sixty (60)
days (whether or not consecutive), or if any trustee, conservator, receiver or liquidator of Tenant
or of all or any substantial part of its properties shall be appointed without the consent or
acquiescence of Tenant and such appointment shall remain unvacated or unstayed for an aggregate of
sixty (60) days (whether or not consecutive); or (vii) the occurrence of any of the events
described in this paragraph (e) with respect to any guarantor of all or any portion of Tenant’s
obligations under this Lease. In the event that any provision of this Section 13.1(e) is
unenforceable under applicable law, such provision shall be of no force or effect.

          (e) The discovery by Landlord that any financial statement, representation or warranty given
to Landlord by Tenant, or by any guarantor of Tenant’s obligations hereunder, is or was materially
false. Tenant acknowledges that Landlord has entered into this Lease in material reliance on such
information.

          (f) If Tenant is a corporation, limited liability company, partnership, or other business
entity, the dissolution or liquidation of Tenant.

          (g) If Tenant’s obligations under this Lease are guaranteed: (i) the death of a guarantor,
(ii) the termination of a guarantor’s liability with respect to this Lease other than in accordance
with the terms of such guaranty, (iii) a guarantor’s becoming insolvent or the subject of a
bankruptcy filing, (iv) a guarantor’s refusal to honor the guaranty, or (v) a guarantor’s breach of
its guaranty obligation on an anticipatory breach basis.

          (h) Even if, under paragraphs (a), (b) or (c) above, Landlord satisfies the applicable notice
requirement by serving Tenant with a notice to pay rent or quit pursuant to applicable summary
process or unlawful detainer statutes, the period within Tenant may cure the failure in question
shall not be shorter by virtue of any such statute than the period set forth in paragraph (a), (b)
or (c) above, as applicable.

     13.2 Remedies.

          (a) In the event of any default or breach of this Lease by Tenant, continuing after any
applicable notice and grace period provided for by Section 13.1, Landlord may, at any time
thereafter, with or without notice or demand, and without limiting Landlord in the exercise of any
other right or remedy which Landlord may have by reason of such default:

	 	(i)	 	terminate Tenant’s right to possession of the Premises by any lawful means, in which
case this Lease and the term hereof shall terminate and Tenant shall immediately surrender
possession of the Premises to Landlord; and Tenant covenants that in case of such
termination, Tenant shall continue to pay the rent,
additional charges and other sums payable hereunder (including, without limitation,
Tenant’s share of Operating Expenses increases and Tenant’s Share of Real Property Tax
Increases) up to the time of such termination, and thereafter until the end of what would
have

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	 	 	 	been the Expiration Date in the absence of such termination, which shall
be reduced by the net receipts (if any, after deducting all expenses of
reletting) actually received by Landlord from any replacement tenant. At
any time after such termination, Landlord may elect to recover from
Tenant, in lieu of all other rent so payable by Tenant hereunder, a lump
sum equal to the then net present value (computed using an interest rate
equal to the discount rate of the Federal Reserve Bank of Boston plus one
percent (1%)) of the amount by which (x) the unpaid rent and all
additional charges which would have been payable hereunder from the date
of such election for what would have been the remainder of the Term of
this Lease (including, without limitation, Tenant’s share of Operating
Expenses increases and Tenant’s Share of Real Property Tax Increases)
exceeds (y) the fair market rental value of the Premises as of the date
of such election. In addition Tenant shall be responsible for and pay on
demand any other amount necessary to compensate Landlord for all
detriment proximately caused by Tenant’s failure to perform its
obligations under the Lease or which in the ordinary course of things
would be likely to result therefrom, including, but not limited to, the
cost of recovering possession of the Premises, expenses of releasing,
including necessary renovation and alteration of the Premises, reasonable
attorneys’ fees, any real estate commissions actually paid by Landlord
and the unamortized value of any free rent, reduced rent, tenant
improvement allowance or other economic concessions provided by Landlord.
For purposes of this Section 13.2(a)(i), “rent” shall be deemed to be all
monetary obligations required to be paid by Tenant pursuant to the terms
of this Lease.
	 
	 	(ii)	 	collect sublease rents (or appoint a receiver to collect such rent) and
otherwise perform Tenant’s obligations at the Premises, it being agreed,
however, that the appointment of a receiver for Tenant shall not constitute an
election by Landlord to terminate this Lease; and/or
	 
	 	(iii)	 	pursue any other remedy now or hereafter available to Landlord under the
laws or judicial decisions of the Commonwealth of Massachusetts.

          (b) No remedy or election hereunder shall be deemed exclusive, but shall, wherever possible,
be cumulative with all other remedies at law or in equity. The expiration or termination of this
Lease and/or the termination of Tenant’s right to possession of the Premises shall not relieve
Tenant of liability under any indemnity provisions of this Lease as to matters occurring or
accruing during the Term of this Lease or by reason of Tenant’s occupancy of the Premises.

31

 

          (c) If Tenant abandons the Premises, Landlord may re-enter the Premises and such re-entry
shall not be deemed to constitute Landlord’s election to accept a surrender of the Premises or to
otherwise relieve Tenant from liability for its breach of this Lease. No surrender of the Premises
shall be effective against Landlord unless Landlord has entered into a written agreement with
Tenant in which Landlord expressly agrees to (i) accept a surrender of the Premises and (ii)
relieve Tenant of liability under this Lease. The delivery by Tenant to Landlord of possession of
the Premises shall not constitute the termination of this Lease or the surrender of the Premises.

     13.3 Default by Landlord. Landlord shall not be in default under this Lease unless Landlord
fails to perform obligations required of Landlord within thirty (30) days after written notice by
Tenant to Landlord and to the Holder of any Mortgage encumbering the Property whose name and
address shall have theretofore been furnished to Tenant in writing, specifying wherein Landlord has
failed to perform such obligation; provided, however, that if the nature of Landlord’s obligation
is such that more than thirty (30) days are required for its cure, then Landlord shall not be in
default if Landlord commences performance within such thirty (30) day period and thereafter
diligently pursues the same to completion. This Lease and the obligations of Tenant hereunder shall
not be affected or impaired because Landlord is unable to fulfill any of its obligations hereunder
or is delayed in doing so, if such inability or delay is caused by reason of strike or other labor
problems, acts of God, riot, insurrection, governmental actions or requirements, or any other cause
beyond the reasonable control of Landlord, and the time for Landlord’s performance shall be
extended for the period of any such delay.

     13.4 Late Charges. Tenant hereby acknowledges that late payment by Tenant to Landlord of Base
Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax increases
or other sums due hereunder will cause Landlord to incur costs not contemplated by this Lease, the
exact amount of which will be extremely difficult to ascertain. Such costs include, but are not
limited to, processing and accounting charges and late charges which may be imposed on Landlord by
the terms of any mortgage or trust deed encumbering the Property. Accordingly, if any installment
of Base Rent, Tenant’s Share of Operating Expense increases, Tenant’s Share of Real Property Tax
increases or any other sum due from Tenant shall not be received by Landlord within five (5)
business days of when due more than once in any twelve month period, then,
without any requirement for notice or demand to Tenant, Tenant shall immediately pay to
Landlord a late charge equal to six percent (6%) of such overdue amount. The parties hereby agree
that such late charge represents a fair and reasonable estimate of the costs Landlord will incur by
reason of late payment by Tenant. Acceptance of such late charge by Landlord shall in no event
constitute a waiver of Tenant’s default with respect to such overdue amount, nor prevent Landlord
from exercising any of the other rights and remedies granted hereunder including the assessment of
interest under Section 13.5.

     13.5 Interest on Past-due Obligations. Except as expressly herein provided, any amount due to
Landlord that is not paid when due shall bear interest at the lesser of twelve percent (12%)
percent per annum or the maximum rate permitted by applicable law. Payment of such interest shall
not excuse or cure any default by Tenant under this Lease.

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     13.6 Payment of Rent after Default. If Tenant fails to pay Base Rent, Tenant’s Share of
Operating Expense increases, Tenant’s Share of Real Property Tax increases or any other monetary
obligation due hereunder on the date it is due, after Tenant’s third failure to pay any monetary
obligation on the date it is due, at Landlord’s option, all monetary obligations of Tenant
hereunder shall thereafter be paid by cashier’s check. If Landlord has required Tenant to make said
payments by cashier’s check, Tenant’s failure to make a payment by cashier’s check shall be a
material default hereunder.

14. Landlord’s Right to Cure Default; Payments by Tenant. All covenants and agreements to be kept
or performed by Tenant under this Lease shall be performed by Tenant at Tenant’s sole cost and
expense and without any reduction of rent. If Tenant shall fail to perform any of its obligations
under this Lease, within a reasonable time after such performance is required by the terms of this
Lease (or immediately, in case of emergency), Landlord may, but shall not be obligated to, after
ten (10) days prior written notice to Tenant, (but no notice will be required in case of
emergency), make any such payment or perform any such act on Tenant’s behalf without waiving its
rights based upon any default of Tenant and without releasing Tenant from any obligations
hereunder. Tenant shall pay to Landlord, within thirty (30) days after delivery by Landlord to
Tenant of statements therefor, an amount equal to the expenditures reasonably made by Landlord in
connection with the remedying by Landlord of Tenant’s defaults pursuant to the provisions of this
Section 14.

15. Condemnation. If any portion of the Premises is taken under the power of eminent domain, or
sold under the threat of the exercise of said power (all of which are herein called
“Condemnation”), this Lease shall terminate as to the part so taken as of the date the condemning
authority takes title or possession, whichever first occurs; provided that if so much of the
Premises is taken by Condemnation as would substantially and adversely affect the operation and
profitability of Tenant’s business conducted from the Premises, and said taking lasts for ninety
(90) days or more, Tenant shall have the option,
to be exercised only in writing within thirty (30) days after Landlord shall have given Tenant
written notice of such taking (or in the absence of such notice, within thirty (30) days after the
condemning authority shall have taken possession), to terminate this Lease as of the date the
condemning authority takes such possession. If a taking lasts for less than ninety (90) days and
limits Tenant’s use of the Premises for the Permitted Use, Tenant’s rent shall be abated in
proportion to such limitation during said period but Tenant shall not have the right to terminate
this Lease. If Tenant does not terminate this Lease in accordance with the foregoing, this Lease
shall remain in full force and effect as to the portion of the Premises remaining, except that the
rent and Tenant’s Share of Operating Expenses shall be reduced in the proportion that the usable
floor area of the Premises taken bears to the total usable floor area of the Premises. Common Areas
taken shall be excluded from the Common Areas usable by Tenant and no reduction of rent shall occur
with respect thereto or by reason thereof. Landlord shall have the option in its sole discretion to
terminate this Lease as of the taking of possession by the condemning authority, by giving written
notice to Tenant of such election within thirty (30) days after receipt of notice of a Condemnation
of any part of the Premises or the Property. Any award for the taking of all or any part of the
Premises or the Property under the power of eminent domain or any payment made under threat of the
exercise of such power shall be the property of Landlord, whether such award shall be made as
compensation for

33

 

diminution in value of the leasehold, for good will, for the taking of the fee, as severance
damages, or as damages for tenant improvements; provided, however, that Tenant shall be entitled to
any separate award for loss of or damage to Tenant’s removable personal property. In the event that
this Lease is not terminated by reason of such condemnation, and subject to the requirements of any
lender that has made a loan to Landlord encumbering the Property, Landlord shall to the extent of
severance damages received by Landlord in connection with such condemnation, repair any damage to
the Property caused by such Condemnation except to the extent that Tenant has been reimbursed
therefor by the condemning authority. Tenant shall pay any amount in excess of such severance
damages required to complete such repair. This Section 15 shall govern the rights and obligations
of Landlord and Tenant with respect to the condemnation of all or any portion of the Property.

16. Vehicle Parking.

     16.1 Use of Parking Facilities. During the term and subject to the rules and regulations
attached hereto as Exhibit “C,” as reasonably modified by Landlord from time to time (the “Rules”),
Tenant shall be entitled to use the number of parking spaces set forth in Section 1.19 in the
parking facility of the Office Park. Landlord may, in its sole discretion, designate the location
of any reserved parking spaces. For purposes of this Lease, a “parking space” refers to the space
in which one (1) motor vehicle is intended to park. If Tenant commits or allows in the parking
facility any of the activities prohibited by the Lease or the Rules, then Landlord shall have the
right, without notice, in addition
to such other rights and remedies that it may have, to remove or tow away the vehicle involved
and charge the cost to Tenant, which cost shall be immediately payable by Tenant upon demand by
Landlord. Tenant’s parking rights are the personal rights of Tenant and Tenant shall not transfer,
assign, or otherwise convey its parking rights separate and apart from this Lease.

     16.2 Parking Charges. INTENTIONALLY OMITTED.

17. Broker’s Fee. Tenant and Landlord each represent and warrant to the other that neither has had
any dealings or entered into any agreements with any person, entity, broker or finder other than
the persons, if any, listed in Section 1.20, in connection with the negotiation of this Lease, and
no other broker, person, or entity is entitled to any commission or finder’s fee in connection with
the negotiation of this Lease, and Tenant and Landlord each agree to indemnify, defend and hold the
other harmless from and against any claims, damages, costs, expenses, attorneys’ fees or liability
for compensation or charges which may be claimed by any such unnamed broker, finder or other
similar party by reason of any dealings, actions or agreements of the indemnifying party.

18. Estoppel Certificate.

     18.1 Delivery of Certificate. Each party shall from time to time, upon not less than fifteen
(15) days’ prior written notice from the other, execute, acknowledge and deliver to

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Landlord a statement in writing certifying such information as Landlord may reasonably request
including, but not limited to, the following: (a) that this Lease is unmodified and in full force
and effect (or, if modified, stating the nature of such modification and certifying that this
Lease, as so modified, is in full force and effect) (b) the date to which the Base Rent and other
charges are paid in advance and the amounts so payable, (c) that there are not, to the knowledge of
the certifying party, any uncured defaults or unfulfilled obligations on the part of the other, or
specifying such defaults or unfulfilled obligations, if any are claimed, (d) that all tenant
improvements to be constructed by Landlord, if any, have been completed in accordance with
Landlord’s obligations and (e) that Tenant has taken possession of the Premises. Any such statement
may be conclusively relied upon by any prospective purchaser or encumbrancer of the Property.

     18.2 Failure to Deliver Certificate. At Landlord’s option, the failure of Tenant to deliver
such statement within such time shall constitute a material default of Tenant hereunder, or it
shall be conclusive upon Tenant that (a) this Lease is in full force and effect, without
modification except as may be represented by Landlord, (b) there are no uncured defaults in
Landlord’s performance, (c) not more than one month’s Base Rent has been paid in advance, (d) all
tenant improvements to be constructed by Landlord, if
any, have been completed in accordance with Landlord’s obligations and (e) Tenant has taken
possession of the Premises.

19. Financial Information. . From time to time, at Landlord’s request, but not more frequently
than annually (unless in connection with a request by any actual or prospective purchaser, lender
or investor), Tenant shall cause the following financial information to be delivered to Landlord,
at Tenant’s sole cost and expense, upon not less than ten (10) days’ advance written notice from
Landlord: (a) a current financial statement for Tenant, (b) a current financial statement for any
guarantor(s) of this Lease and (c) such other financial information pertaining to Tenant or any
guarantor as Landlord or any lender or purchaser of Landlord may reasonably request. All financial
statements shall be prepared in accordance with generally accepted accounting principles
consistently applied and, if such is the normal practice of Tenant, shall be audited by an
independent certified public accountant. Landlord agrees that any such financial information that
is not otherwise available to the public will be treated as confidential, and Landlord agrees that
(except for disclosure required by any applicable law or regulation or by order of any court or
governmental agency or officer) Landlord shall not disseminate any such financial information to
any party other than its attorneys, accountants and other consultants, or any prospective
purchaser, investor or lender of the Building.

20. Landlord’s Liability. Tenant acknowledges that Landlord shall have the right to transfer all or
any portion of its interest in the Property and to assign this Lease to the transferee. Tenant
agrees that in the event of such a transfer Landlord shall automatically be released from all
liability under this Lease; and Tenant hereby agrees to look solely to Landlord’s transferee for
the performance of Landlord’s obligations hereunder after the date of the transfer. Upon such a
transfer, Landlord shall, at its option, return Tenant’s security deposit to Tenant or transfer
Tenant’s security deposit to Landlord’s transferee and, in either event, Landlord shall have no
further liability to Tenant for the return of its security deposit. Subject to the rights of any
lender holding a mortgage or deed of trust encumbering all or part of the Property, Tenant agrees
to

35

 

look solely to Landlord’s equity interest in the Property, and the rent, proceeds and other income
therefrom for the collection of any judgment requiring the payment of money by Landlord arising out
of (a) Landlord’s failure to perform its obligations under this Lease or (b) the negligence or
willful misconduct of Landlord, its partners, employees and agents. No other property or assets of
Landlord shall be subject to levy, execution or other enforcement procedure for the satisfaction of
any judgment or writ obtained by Tenant against Landlord. No partner, trustee, beneficiary,
officer, director, member, shareholder, employee or agent of Landlord shall be personally liable
for the performance of Landlord’s obligations hereunder or be named as a party in any lawsuit
arising out of or related to, directly or indirectly, this Lease and the obligations of Landlord
hereunder. The obligations under this Lease do not constitute personal obligations of the
individual partners, trustees or shareholders, beneficiaries or members of Landlord, if any, and
Tenant shall not seek recourse against any of said persons or their assets.

21. Indemnity. (a) Tenant hereby agrees to indemnify, defend and hold harmless Landlord and its
employees, officers, directors, trustees, beneficiaries, members, partners, shareholders, agents,
contractors, lenders and ground lessors (said persons and entities are hereinafter collectively
referred to as the “Indemnified Parties”) from and against any and all liability, loss, cost,
damage, claims, liens, judgments, penalties, fines, settlement costs, investigation costs, the cost
of consultants and experts, attorneys fees, court costs and other legal expenses, the effects of
environmental contamination, the cost of environmental testing, the removal, remediation and/or
abatement of Hazardous Substances (as said term is defined below), insurance policy deductibles and
other expenses (hereinafter collectively referred to as “Damages”) arising out of or related to an
“Indemnified Matter” (as defined below).

          (b) For purposes of this Section 21, an “Indemnified Matter” shall mean any matter for which
one or more of the Indemnified Parties incurs liability or Damages if the liability or Damages
arise out of or involve, directly or indirectly, (i) Tenant’s or its employees’, agents’,
contractors’ or invitees’ (all of said persons or entities are hereinafter collectively referred to
as “Tenant Parties”) use or occupancy of the Premises, Property or the Office Park, (ii) any act,
omission or neglect of a Tenant Party, (iii) Tenant’s failure to perform any of its obligations
under this Lease, (iv) the existence, use or disposal of any Hazardous Substance (as defined in
Section 23 below) brought on to the Property or the Office Park by a Tenant Party, or (v) any other
matters for which Tenant has agreed to indemnify Landlord pursuant to any other provision of this
Lease. Tenant’s obligations hereunder shall include, but shall not be limited to compensating the
Indemnified Parties for Damages arising out of Indemnified Matters within thirty (30) days after
written demand from an Indemnified Party, and providing a defense, with counsel reasonably
satisfactory to the Indemnified Party, at Tenant’s sole expense, within thirty (30) days after
written demand from the Indemnified Party, of any claims, action or proceeding arising out of or
relating to an Indemnified Matter whether or not litigated or reduced to judgment and whether or
not well founded.

(c) If Tenant is obligated to compensate an Indemnified Party for Damages arising out of an
Indemnified Matter, Landlord shall have the immediate and unconditional right, but not the
obligation, without notice or demand to Tenant, to pay the damages and Tenant shall, upon thirty
(30) days advance written notice from Landlord, reimburse Landlord for the costs incurred by
Landlord. By way of example, and not limitation, Landlord shall have the immediate and

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unconditional right to cause any damages to the Common Areas, another tenant’s premises or to any
other part of the Property or the Office Park to be repaired and to compensate other tenants of the
Property or other persons or entities for Damages arising out of an Indemnified Matter. The
Indemnified Parties need not first pay any Damages to
be indemnified hereunder. Tenant’s obligations under this Section 21 shall not be released, reduced
or otherwise limited because one or more of the Indemnified Parties are or may be actively or
passively negligent with respect to an Indemnified Matter or because an Indemnified Party is or was
partially responsible for the Damages incurred. This indemnity is intended to apply to the fullest
extent permitted by applicable law. Tenant’s obligations under this Section 21 shall survive the
expiration or termination of this Lease unless specifically waived in writing by Landlord after
said expiration or termination. In no event shall Tenant be required to indemnify and Indemnified
Party to the extent Damages are caused by the gross negligence or willful misconduct of such party.

     (d) Subject to applicable waivers of claims and subrogation set forth in Section 8.4, Landlord
agrees to indemnify and save harmless Tenant from and against all claims, loss, cost, damage or
expense arising from any accident, bodily or personal injury or damage occurring in the common
areas on the Property, to the extent that such accident, damage or injury results from a negligent
act or omission or willful misconduct on the part of Landlord or Landlord’s agents or employees,
occurring after the Commencement Date until the end of the Term of this Lease. This indemnity and
hold harmless agreement shall include indemnity against all losses, costs, damages, expenses and
liabilities incurred during the Term of this Lease in connection with any such claim or proceeding
brought thereon, and the defense thereof, including, without limitation, reasonable attorneys’ fees
and costs at both the trial and appellate levels.

22. Exemption of Landlord from Liability. Tenant hereby agrees that Landlord shall not be liable
for injury to Tenant’s business or any loss of income therefrom or for loss of or damage to the
merchandise, tenant improvements, fixtures, furniture, equipment, computers, files, automobiles, or
other property of Tenant, Tenant’s employees, agents, contractors or invitees, or any other person
in or about the Property or the Office Park, nor shall Landlord be liable for injury to the person
of Tenant, Tenant’s employees, agents, contractors or invitees, whether such damage or injury is
caused by or results from any cause whatsoever including, but not limited to, theft, criminal
activity at the Property or the Office Park, negligent security measures, bombings or bomb scares,
Hazardous Substances (as defined below), fire, steam, electricity, gas, water or rain, flooding,
breakage of pipes, sprinklers, plumbing, air conditioning or lighting fixtures, or from any other
cause, whether said damage or injury results from conditions arising upon the Premises or upon
other portions of the Property or the Office Park, or from other sources or places, or from new
construction or the repair, alteration or improvement of any part of the Property or the Office
Park. Landlord shall not be liable for any damages arising from any act or neglect of any
employees, agents, contractors or invitees of any other tenant, occupant or user of the Property or
the Office Park, nor from the failure of Landlord to enforce the provisions of the lease of any
other tenant of the Property. Tenant, as a material part of the consideration to Landlord
hereunder, hereby assumes all risk of damage to Tenant’s property or business or injury to persons,
in, upon or about the Property or the Office Park arising from any cause, except Landlord’s
negligence or the negligence of its employees or agents, and Tenant hereby waives all claims in
respect thereof against Landlord, its employees, agents and contractors.

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23. Hazardous Substances.

     23.1 Definition and Consent. The term “Hazardous Substance” as used in this Lease shall mean
any product, substance, chemical, material or waste whose presence, nature, quantity and/or
intensity of existence, use, manufacture, disposal, transportation, spill, release or affect,
either by itself or in combination with other materials expected to be on the Premises, is either:
(a) potentially injurious to the public health, safety or welfare, the environment or the Premises,
(b) regulated or monitored by any governmental entity, (c) a basis for liability of Landlord to any
governmental entity or third party under any federal, state or local statute or common law theory
or (d) defined as a hazardous material or substance by any federal, state or local law or
regulation. Except for small quantities of ordinary office supplies such as copier toner, liquid
paper, glue, ink and common household cleaning materials, Tenant shall not cause or permit any
Hazardous Substance to be brought, kept, or used in or about the Premises or the Office Park by
Tenant, its agents, employees, contractors or invitees.

     23.2 Duty to Inform Landlord. If Tenant knows, or has reasonable cause to believe, that a
Hazardous Substance, or a condition involving or resulting from same, has come to be located in, on
or under or about the Premises or the Property, Tenant shall immediately give written notice of
such fact to Landlord. Tenant shall also immediately give Landlord (without demand by Landlord) a
copy of any statement, report, notice, registration, application, permit, license, given to or
received from, any governmental authority or private party, or persons entering or occupying the
Premises, concerning the presence, spill, release, discharge of or exposure to, any Hazardous
Substance or contamination in, on or about the Premises or the Property.

     23.3 Inspection; Compliance. Landlord and Landlord’s employees, agent, contractors and lenders
shall have the right to enter the Premises at any time in the case of an emergency, and otherwise
at reasonable times, for the purpose of inspecting the condition of the Premises and for verifying
compliance by Tenant with this Section 23. Landlord shall have the right to employ experts and/or
consultants in connection with its examination of the Premises and with respect to the
installation, operation, use, monitoring, remediation, maintenance, or removal of any Hazardous
Substance on or from the Premises. The costs and expenses of any such inspections shall be paid by
the party requesting same, unless a release, discharge or contamination, caused or materially
contributed to by Tenant, is found to exist or be imminent, or unless the inspection is requested
or ordered by governmental authority as the result of any such existing or imminent release,
discharge or contamination. In any such case, Tenant shall upon
request reimburse Landlord for the cost and expenses of such inspection.

24. Intentionally Omitted.

25. Tenant Improvements. Tenant acknowledges and agrees that, except as otherwise
provided in Section 3.2 above, Landlord shall not be obligated to construct any tenant improvements
on behalf of Tenant unless a work letter agreement (the “Work Letter”) is attached to this Lease as
an exhibit and the Work Letter is fully completed and executed by Landlord. If a

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space plan is attached to the Work Letter, the space plan shall not be binding on Landlord unless
separately initialed by Landlord. Except as set forth in a Work Letter, it is specifically
understood and agreed that Landlord has no obligation and has made no promises to alter, remodel,
improve, renovate, repair or decorate the Premises, the Property, or any part thereof, or to
provide any allowance for such purposes, and that no representations respecting the condition of
the Premises, Property or the Office Park have been made by Landlord to Tenant.

26. Subordination and Rights of Mortgagees.

     26.1 Effect of Subordination. This Lease, upon Landlord’s written election, shall be subject
and subordinate to any ground lease, mortgage, deed of trust, or any other hypothecation or
security interest (any of the foregoing, a “Mortgage”) hereafter made of or with respect to or
placed on all or any part of the Property, and to any and all advances made on the security thereof
and to all renewals, modifications, consolidations, replacements and extensions thereof. If any
Holder shall elect to have this Lease prior to the lien of its Mortgage and shall give written
notice thereof to Tenant, this Lease shall be deemed prior to such Mortgage, whether this Lease is
dated prior or subsequent to the date of said Mortgage or the date of recording thereof. Landlord
represents to Tenant that as of the date hereof, the Premises are not encumbered by any Mortgage.
Upon request by Tenant (and at the sole cost and expense of Tenant), Landlord shall request and use
commercially reasonable efforts (which shall not include the obligation to pay any fee or charge or
to agree to any less favorable terms or conditions in the secured indebtedness) to obtain an
agreement (a “SNDA”) for the benefit of Tenant an agreement from any future mortgagee on its
standard form then in use that, for so long as there exists no default beyond applicable grace
periods under this Lease by Tenant, and subject to such mortgagee’s customary exceptions and
qualifications, the mortgagee will not, in foreclosing against or taking possession of the Premises
or otherwise exercising its rights under such mortgage, terminate this Lease or disturb Tenant’s
possession of the Premises hereunder, or words of similar import. In the event of the foreclosure
of a Mortgage, or a deed in lieu of foreclosure of a Mortgage, or exercise of any similar remedy by
a Holder,
the new owner of the Property as a result of such exercise shall not (a) be liable for any act
or omission of any prior landlord or with respect to events occurring prior to its acquisition of
title, (b) be liable for the breach of this Lease by any prior landlord, (c) be subject to any
offsets or defenses which Tenant may have against the prior landlord or (d) be liable to Tenant for
the return of its security deposit. At the request of any such new owner, Tenant shall attorn to
such new owner.

     26.2 Execution of Documents. Tenant agrees to execute and acknowledge any documents Landlord
reasonably requests that Tenant execute to effectuate an attornment, a subordination, or to make
this Lease prior to the lien of any Mortgage, as the case may be. Tenant acknowledges that any such
agreement may give a Holder the right, in the Holder’s sole discretion, to continue this Lease in
effect or to terminate this Lease in the event of a foreclosure sale. Tenant’s failure to execute
such documents within ten (10) business days after written demand shall, at Landlord’s option,
constitute an Event of Default by Tenant hereunder

     26.3 Assignment to Mortgagee. With reference to any assignment by Landlord of Landlord’s
interest in this Lease, or the rents payable hereunder, conditional in nature or

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otherwise, which assignment is made to the Holder of a Mortgage on property which includes the
Premises, Tenant agrees that the execution thereof by Landlord, and the acceptance thereof by the
Holder of such Mortgage shall never be treated as an assumption by such Holder of any of the
obligations of Landlord hereunder unless such Holder shall, by notice sent to Tenant, specifically
otherwise elect and, except as aforesaid, such Holder shall be treated as having assumed Landlord’s
obligations hereunder only upon foreclosure of such holder’s Mortgage and the taking of possession
of the Premises.

     26.4 Sale Leaseback. In no event shall the acquisition of Landlord’s interest in the Property
by a purchaser which, simultaneously therewith, leases Landlord’s entire interest in the Property
back to the seller thereof be treated as an assumption, by operation of law or otherwise, of
Landlord’s obligations hereunder, but Tenant shall look solely to such seller-lessee, and its
successors from time to time in title, for performance of Landlord’s obligations hereunder. For all
purposes, such seller-lessee, and its successors in title, shall be the Landlord hereunder unless
and until Landlord’s position shall have been assumed by such purchaser-lessor.

     26.5 Cure by Mortgagee. The curing of any default of Landlord’s under this Lease by any Holder
shall be treated as performance by Landlord.

27. Option to Extend.

     27.1 Tenant’s Right. Provided that, at the time of such exercise and at the commencement of
the Extended Term, (i) there exists no Event of Default, and (ii) Tenant shall not have assigned
this Lease or sublet more than thirty percent (30%) of the Premises (other than in connection with
respect to which Landlord’s consent is not required under Section 12.2), and (iii) this Lease is
still in full force and effect, Tenant shall have the right to extend the Term of this Lease for
one extended term (the “Extended Term”) of two (2) years. The Extended Term shall commence on the
day following the Expiration Date, and shall end on the date that is two years following such date.
Tenant shall exercise such option to extend by giving written notice to Landlord not later than
nine (9) months prior to the Expiration Date. The giving of such notice by Tenant shall
automatically and irrevocably extend the Term of this Lease for the Extended Term and no instrument
of renewal need be executed. In the event that Tenant fails to give such notice to Landlord, this
Lease shall automatically terminate on the Expiration Date, and Tenant shall have no further option
to extend the Term of this Lease, it being agreed that time shall be of the essence in the giving
of any such notice. The Extended Term shall be on all the terms and conditions of this Lease
(including without limitation that Tenant’s Share of increases in Operating Expenses and Taxes
shall continue to be calculated using the Base Years set forth in Section 1.18), except that the
Base Rent for the Extended Term shall be determined pursuant to
Section 27.2 hereof.

     27.2 Rental Etc. (a) The annual Base Rent for each year of the Extended Term shall be the Fair
Market Rental Value of the Premises (exclusive of the cost of supplying Tenant electricity, if and
to the extent the same is paid separately by Tenant), to be established as of the commencement of
the Extended Term (the “Determination Date”). The term “Fair Market Rental Value” shall mean the
annual fixed rent that a willing tenant would pay and a willing landlord would accept, each acting
in its own best interest and without duress, in an arms-length lease of the

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Premises as of the Determination Date. If Landlord and Tenant shall fail to agree upon the Fair
Market Rental Value within six (6) months before the Determination Date, then Landlord and Tenant
each shall give notice (the “Determination Notice”) to the other setting forth their respective
determinations of the Fair Market Rental Value, and, subject to the provisions of paragraph (b)
below, either party may apply to the American Arbitration Association or any successor thereto for
the designation of an arbitrator satisfactory to both parties to render a final determination of
the Fair Market Rental Value. The fair market rental value shall be determined by arbitration in
accordance with the commercial arbitration rules of the American Arbitration Association, except
that there shall be only one arbitrator, who shall have had at least ten (10) years’ experience as
a real estate broker or appraiser in the greater Route 128/Metrowest area. The arbitrator shall
conduct such hearings and investigations as the arbitrator shall deem appropriate and shall, within
thirty (30) days after having been appointed, choose one of
the determinations set forth in either Landlord’s or Tenant’s Determination Notice, and that choice
by the arbitrator shall be binding upon Landlord and Tenant. Each party shall pay its own counsel
fees and expenses, if any, in connection with any arbitration under this paragraph (a), and the
parties shall share equally all other expenses and fees of any such arbitration. The determination
rendered in accordance with the provisions of this paragraph (a) shall be final and binding in
fixing the Fair Market Rental Value. The arbitrator shall not have the power to add to, modify, or
change any of the provisions of this Lease. In no event, however, shall the Base Rent during any
portion of the Extended Term be less than the Base Rent in effect during the last year of the
Initial Term.

          (b) In the event that the determination of the Fair Market Rental Value set forth in the
Landlord’s and Tenant’s Determination Notices shall differ by less than five percent (5%) per
square foot of Premises Rentable Area per annum for each year for which the same is being
determined, then the Fair Market Rental Value shall not be determined by arbitration, but shall
instead be set by taking the average of the determinations set forth in Landlord’s and Tenant’s
Determination Notices. Only if the determinations set forth in Landlord’s and Tenant’s
Determination Notices shall differ by more than five percent (5%) per square foot of Premises
Rentable area per annum for any year for which the same is being determined shall the actual
determination of Fair Market Rental Value be made by an arbitrator as set forth in paragraph (a)
above.

     (c) If for any reason the Fair Market Rental Value shall not have been determined prior to the
Determination Date, then, until the Fair Market Rental Value and, accordingly, the Base Rent, shall
have been finally determined, Tenant shall pay Base Rent at the rate quoted by Landlord in
Landlord’s Determination Notice. Upon final determination of the Fair Market Rental Value, an
appropriate adjustment to the Base Rent theretofore paid by Tenant from and after the Determination
Date shall be made reflecting such final determination, and Landlord or Tenant, as the case may be,
shall promptly credit or pay, respectively, to the other any overpayment of deficiency, as the case
may be, in the payment of Base Rent from the Determination Date to the date of such final
determination.

     28. Landlord Reservations. Landlord shall have the right: (a) to change the name and address of the
Property or Building upon not less than ninety (90) days prior written notice; (b) to provide and
install Building standard signs and graphics on or near the door of the Premises and such portions
of the Common Areas as Landlord shall determine, in Landlord’s sole

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discretion; (c) to permit any tenant the exclusive right to conduct any business as long as such
exclusive right does not conflict with any rights expressly given herein; and (d) to place signs,
notices or displays upon the roof, interior, exterior or Common Areas of the Building. Tenant shall
not use a representation (photographic or otherwise) of the Building or the Office Park or their
name(s) in connection with Tenant’s business or
suffer or permit anyone, except in an emergency, to go upon the roof of the Building. Landlord
reserves the right to use the exterior walls of the Premises, and the area beneath, adjacent to and
above the Premises together with the right to install, use, maintain and replace equipment,
machinery, pipes, conduits and wiring through the Premises, which serve other parts of the
Property, provided that Landlord’s use does not unreasonably interfere with Tenant’s use of the
Premises.

29. Changes to Property. Landlord shall have the right, in Landlord’s sole discretion, from time to
time, upon reasonable prior notice to Tenant, to make changes to the size, shape, location, number
and extent of the improvements comprising the Property (hereinafter referred to as “Changes”)
including, but not limited to, the Building interior and exterior, the Common Areas, elevators,
escalators, restrooms, HVAC, electrical systems, communication systems, fire protection and
detection systems, plumbing systems, security systems, parking control systems, driveways,
entrances, parking spaces, parking areas and landscaped areas. In connection with the Changes,
Landlord may, among other things, erect scaffolding or other necessary structures at the Building,
limit or eliminate access to portions of the Building or Property, including portions of the Common
Areas, or perform work in the Building, which work may create noise, dust or leave debris in the
Building. Provided that Landlord performs any such work in accordance with the requirements of this
Lease, Tenant hereby agrees that such Changes and Landlord’s actions in connection with such
Changes shall in no way constitute a constructive eviction of Tenant or entitle Tenant to any
abatement of rent. Landlord shall have no responsibility or for any reason be liable to Tenant for
any direct or indirect injury to or interference with Tenant’s business arising from the Changes,
nor shall Tenant be entitled to any compensation or damages from Landlord for any inconvenience or
annoyance occasioned by such Changes or Landlord’s actions in connection with such Changes,
provided and on condition that Landlord shall perform any such work so as to minimize interference
with the conduct of Tenant’s business in connection with any of the foregoing.

30. Intentionally Omitted.

31. Holding Over. If Tenant remains in possession of the Premises or any part thereof after
the expiration or earlier termination of the Term hereof, such occupancy shall be a tenancy from
month to month upon all the terms and conditions of this Lease pertaining to the obligations of
Tenant, except that the Base Rent payable shall be the greater of (a) one hundred fifty percent
(150%) of the Base Rent payable immediately preceding the Termination Date of this Lease or (b) one
hundred twenty-five percent (125%) of the fair market Base Rent for the Premises as of the date
Tenant holds over, and all Options, if any, shall be deemed terminated and be of no further effect.
Nothing contained herein shall be construed to constitute Landlord’s consent to Tenant holding over
at the expiration or earlier termination of the Lease term or to give Tenant the right to hold over
after the expiration or earlier termination of the Lease term. Tenant hereby

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agrees to indemnify, hold harmless and defend Landlord from any cost, loss, claim or liability
(including attorneys’ fees) Landlord may incur as a result of Tenant’s failure to surrender
possession of the Premises to Landlord upon the termination of this Lease.

32. Landlord’s Access.

     32.1 Access. Landlord and Landlord’s agents, contractors and employees shall have the right to
enter the Premises at reasonable times upon reasonably prior notice, for the purpose of inspecting
the Premises, performing any services required of Landlord, showing the Premises to prospective
purchasers or lenders, undertaking safety measures and making alterations, repairs, improvements or
additions to the Premises or to the Office Park. In the event of an emergency, Landlord may gain
access to the Premises by any reasonable means, and Landlord shall not be liable to Tenant for
damage to the Premises or to Tenant’s property resulting from such access. Landlord may at any time
place on or about the Building for sale or for lease signs and Landlord may at any time during the
last one hundred twenty (120) days of the term hereof place on or about the Premises for lease
signs.

     32.2 Keys. Landlord shall have the right to retain keys and electric codes or card keys to the
locks, card key access systems and other security systems on the entry doors to the Premises and
all interior doors at the Premises. At Landlord’s option, Landlord may require Tenant to obtain all
keys to door locks at the Premises from Landlord’s engineering staff or Landlord’s locksmith and to
only use Landlord’s engineering staff or Landlord’s locksmith to change locks at the Premises.
Tenant shall pay Landlord’s or its locksmith’s standard charge for all keys and other services
obtained from Landlord’s engineering staff or locksmith.

33. Security Measures. Tenant hereby acknowledges that Landlord shall have no obligation whatsoever
to provide guard service or other security measures for the benefit of the Premises or the
Property, and Landlord shall have no liability to Tenant due to its failure to provide such
services. Tenant assumes all responsibility for the protection of Tenant, its agents, employees,
contractors and invitees and the property of Tenant and of Tenant’s agents, employees, contractors
and invitees from acts of third parties. Nothing herein contained shall prevent Landlord, at
Landlord’s sole option, from implementing security measures for the Property or any part thereof,
in which event Tenant shall participate in such security measures and the cost thereof shall be
included within the definition of Operating Expenses, and Landlord shall have no liability to
Tenant or its agents, employees, contractors and invitees arising out of Landlord’s negligent
provision of security measures. Landlord shall have the right, but not the obligation, to require
all persons entering or leaving the Property to identify themselves to a security guard and to
reasonably establish that such person should be permitted access to the Property.

34. Easements. Landlord reserves to itself the right, from time to time, to grant such easements,
rights and dedications that Landlord deems necessary or desirable, and to cause the recordation of
parcel maps and restrictions, so long as such easements, rights, dedications, maps and restrictions
do not unreasonably interfere with the use of the Premises by Tenant. Tenant shall sign any of the
aforementioned documents within ten (10) days after Landlord’s request and

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Tenant’s failure to do so shall constitute a material default by Tenant. The obstruction of
Tenant’s view, air, or light by any structure erected in the vicinity of the Building, whether by
Landlord or third parties, shall in no way affect this Lease or impose any liability upon Landlord.

35. Transportation Management. Tenant shall fully comply at its sole expense with all present or
future programs implemented or required by any governmental or quasi-governmental entity or
Landlord to manage parking, transportation, air pollution, or traffic in and around the Property or
the metropolitan area in which the Property is located.

36. Severability. The invalidity of any provision of this Lease as determined by a court of
competent jurisdiction shall in no way affect the validity of any other provision hereof.

37. Time of Essence. Time is of the essence with respect to each of the obligations to be performed
by Tenant under this Lease.

38. Definition of Additional Rent. All monetary obligations of Tenant to Landlord under the terms
of this Lease, including, but not limited to, Base Rent, Tenant’s Share of Operating Expenses and
Tenant’s Share of Real Property Tax increases, shall be deemed to be rent.

39. Incorporation of Prior Agreements. This Lease and the attachments listed in Section 1.17
contain all agreements of the parties with respect to the lease of the Premises and any other
matter mentioned herein. No prior or contemporaneous agreement or understanding pertaining to any
such matter shall be effective. Except as otherwise stated in this Lease, Tenant hereby
acknowledges that no real estate broker nor Landlord or any employee or agents of any of said
persons has made any oral or written warranties or representations to Tenant concerning the
condition or use by Tenant of the Premises or the Property or concerning any other matter addressed
by this Lease.

40. Amendments. This Lease may be modified in writing only, signed by the parties in interest at
the time of the modification.

41. Notices. All notices required or permitted by this Lease shall be in writing and may be
delivered (a) in person (by hand, by messenger or by courier service), (b) by U.S.
Postal Service certified mail, return receipt requested, or (c) by U.S. Postal Service Express
Mail, Federal Express or other nationally recognized overnight courier, and shall be deemed
sufficiently given if served in a manner specified in this Section 41. Any notice permitted or
required hereunder, and any notice to pay rent or quit or similar notice, shall be deemed
personally delivered to Tenant on the date the notice is personally delivered to any employee of
Tenant at the Premises. The addresses set forth in Section 1.22 of this Lease shall be the address
of each party for notice purposes. Landlord or Tenant may by written notice to the other specify a
different address for notice purposes. A copy of all notices required or permitted to be given to
either party hereunder

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shall be concurrently transmitted to such party or parties at such addresses as such other party
may from time to time hereinafter designate by written notice to the other party. Any notice sent
by certified mail, return receipt requested, shall be deemed given three (3) days after deposited
with the U.S. Postal Service. Notices delivered by U.S. Express Mail, Federal Express or other
nationally recognized courier shall be deemed given on the date delivered by the carrier or the
date delivery is refused at the appropriate party’s address for notice purposes. If notice is
received on Saturday, Sunday or a legal holiday, it shall be deemed received on the next business
day. Nothing contained herein shall be construed to limit Landlord’s right to serve any notice to
pay rent or quit or similar notice by any method permitted by applicable law, and any such notice
shall be effective if served in accordance with any method permitted by applicable law whether or
not the requirements of this Section 41 have been met.

42. Waivers. No waiver by Landlord of any provision hereof shall be deemed a waiver of any other
provision hereof or of any subsequent breach by Tenant of the same or any other provision.
Landlord’s consent to, or approval of, any act shall not be deemed to render unnecessary the
obtaining of Landlord’s consent to or approval of any subsequent act by Tenant. The acceptance of
rent hereunder by Landlord shall not be a waiver of any preceding breach by Tenant of any provision
hereof, other than the failure of Tenant to pay the particular rent so accepted, regardless of
Landlord’s knowledge of such preceding breach at the time of acceptance of such rent. No acceptance
by Landlord of partial payment of any sum due from Tenant shall be deemed a waiver by Landlord of
its right to receive the full amount due, nor shall any endorsement or statement on any check or
accompanying letter from Tenant be deemed an accord and satisfaction. Tenant hereby waives for
Tenant and all those claiming under Tenant all rights now or hereafter existing to redeem by order
or judgment of any court or by legal process or writ, Tenant’s right of occupancy of the Premises
after any termination of this Lease or to otherwise obtain relief from the forfeiture or
termination of the Lease.

43. Covenants. This Lease shall be construed as though Landlord’s covenants contained herein are
independent and not dependent and, to the extent permitted by applicable law, Tenant hereby waives
the benefit of any statute or other law to the contrary. Tenant agrees that Tenant shall not have
any right to terminate this Lease on account of any
default or breach by Landlord of its obligations hereunder, and that Tenant’s remedies in the case
of such a default or breach shall be limited to an action against Landlord for damages.

44.
Binding Effect; Choice of Law.

Subject to any provision hereof restricting assignment or subletting by Tenant, this Lease
shall
bind the parties, their heirs, personal representatives, successors and assigns. This Lease shall
be governed by the laws of the state in which the Property is located and any litigation concerning
this Lease between the parties hereto shall be initiated in the county in which the Property is
located.

45. Attorneys’ Fees. If Landlord or Tenant brings an action to enforce the terms hereof or declare
rights hereunder, the prevailing party in any such action, or appeal thereon, shall be

45

 

entitled to its reasonable attorneys’ fees and court costs to be paid by the losing party as fixed
by the court in the same or separate suit, and whether or not such action is pursued to decision or
judgment. The attorneys’ fee award shall not be computed in accordance with any court fee schedule,
but shall be such as to fully reimburse all attorneys’ fees and court costs reasonably incurred in
good faith. Landlord shall be entitled to reasonable attorneys’ fees and all other costs and
expenses incurred in the preparation and service of notices of default and consultations in
connection therewith, whether or not a legal action is subsequently commenced in connection with
such default. Landlord and Tenant agree that attorneys’ fees incurred with respect to defaults and
bankruptcy are actual pecuniary losses within the meaning of Section 365(b)(1)(B) of the Bankruptcy
Code or any successor statute.

46. Auctions. Tenant shall not conduct, nor permit to be conducted, either voluntarily or
involuntarily, any auction upon the Premises or the Common Areas. The holding of any auction on the
Premises or Common Areas in violation of this Section 46 shall constitute a material default
hereunder.

47. Signs. Landlord will provide building standard directory signage and elevator lobby signage
containing the name of Tenant, at Landlord’s expense. Tenant shall not place any sign upon the
Premises (including on the inside or the outside of the doors or windows of the Premises) or the
Building without Landlord’s prior written consent, which may be given or withheld in Landlord’s
sole discretion. Landlord shall have the right to place any sign it deems appropriate on any
portion of the Building or the Property except the interior of the Premises. Any sign Landlord
permits Tenant to place upon the Premises
shall be maintained by Tenant, at Tenant’s sole expense. If Landlord permits Tenant to include its
name in the Building’s directory, the cost of placing Tenant’s name in the directory and the cost
of any subsequent modifications thereto shall be paid by Tenant, at Tenant’s sole expense.

48. Merger. The voluntary or other surrender of this Lease by Tenant, or a mutual cancellation
thereof, or a termination by Landlord, shall not result in the merger of Landlord’s and Tenant’s
estates, and shall, at the option of Landlord, terminate all or any existing subtenancies or may,
at the option of Landlord, operate as an assignment to Landlord of any or all of such subtenancies.

49. Quiet Possession. Provided Tenant is not in default hereunder, and subject to the rights of any
lender, Tenant shall have quiet possession of the Premises for the entire term hereof subject to
all of the provisions of this Lease.

50. Authority. If Tenant is a corporation, trust, limited liability company or general or limited
partnership, Tenant represents and warrants that such individual is duly authorized to execute and
deliver this Lease on behalf of said entity, that said entity is duly authorized to enter into this
Lease, and that this Lease is enforceable against said entity in accordance with its terms. If
Tenant is a corporation, trust, limited liability company or partnership, Tenant shall deliver to
Landlord upon demand evidence of such authority satisfactory to Landlord.

46

 

51. Conflict. Except as otherwise provided herein to the contrary, any conflict between the printed
provisions, exhibits, addenda or riders of this Lease and the typewritten or handwritten
provisions, if any, shall be controlled by the typewritten or handwritten provisions.

52. Multiple Parties. If more than one person or entity is named as Tenant herein, the obligations
of Tenant shall be the joint and several responsibilities of all persons or entities named herein
as Tenant. Service of a notice in accordance with Section 41 on one Tenant shall be deemed service
of notice on all Tenants.

53. Interpretation. This Lease shall be interpreted as if it was prepared by both parties and
ambiguities shall not be resolved in favor of Tenant because all or a portion of this Lease was
prepared by Landlord. The captions contained in this Lease are for convenience only and shall not
be deemed to limit or alter the meaning of this Lease. As used in this Lease the words tenant and
landlord include the plural as well as the singular. Words used in the neuter gender include the
masculine and feminine gender.

54. Prohibition Against Recording. Neither this Lease, nor any memorandum, affidavit or other
writing with respect thereto, shall be recorded by Tenant or by anyone acting through, under or on
behalf of Tenant. Either Landlord or Tenant shall have the right to
record a notice of this Lease, and the other party shall execute, acknowledge and deliver to the
party requesting same for recording any such notice.

55. Relationship of Parties. Nothing contained in this Lease shall be deemed or construed by the
parties hereto or by any third party to create the relationship of principal and agent,
partnership, joint venturer or any association between Landlord and Tenant.

56. Rules and Regulations. Tenant agrees to abide by and conform to the Rules and to cause its
employees, suppliers, customers and invitees to so abide and conform. Landlord shall have the
right, from time to time, to modify, amend and enforce the Rules in a non-discriminatory manner.
Landlord shall not be responsible to Tenant for the failure of other persons including, but not
limited to, other tenants, their agents, employees and invitees to comply with the Rules.

57. Right to Lease. Landlord reserves the absolute right to effect such other tenancies in the
Building or the Property as Landlord in its sole discretion shall determine, and Tenant is not
relying on any representation that any specific tenant or number of tenants will occupy the
Building or the Property.

58. Omitted.

47

 

59. Security for Performance of Tenant’s Obligations. Notwithstanding any security deposit held by
Landlord pursuant to Section 5 and any security interest held by Landlord pursuant to Section 58,
Tenant hereby agrees that in the event of a default by Tenant, Landlord shall be entitled to seek
and obtain a writ of attachment and/or a temporary protective order.

60. Attachments. The items listed in Section 1.21 are a part of this Lease and are incorporated
herein by this reference.

61. Costs Related to Tenant Requests. Tenant shall reimburse Landlord promptly upon request for the
reasonable out of pocket costs and expenses incurred by Landlord as a result of any Tenant request,
including, for example, legal fees and expenses incurred to review an assignment or subletting
request or architectural and engineering fees incurred to review a proposed alteration by Tenant.

62. Confidentiality. Tenant acknowledges and agrees that the terms of this Lease are confidential
and constitute propriety information of Landlord. Disclosure of the terms hereof could adversely
affect the ability of Landlord to negotiate other leases with respect to the Office Park and may
impair Landlord’s relationship with other tenants of the Office Park. Tenant agrees that it and its
partners, officers, directors, employees, brokers, and attorneys, if any, shall not disclose the
terms and conditions of this Lease to any other person or entity without the prior written consent
of Landlord which may be given or
withheld by Landlord, in Landlord’s sole discretion. It is understood and agreed that damages alone
would be an inadequate remedy for the breach of this provision by Tenant, and Landlord shall also
have the right to seek specific performance of this provision and to seek injunctive relief to
prevent its breach or continued breach.

63. Waiver Of Jury Trial. LANDLORD AND TENANT HEREBY WAIVE THEIR RESPECTIVE RIGHT TO TRIAL BY JURY
OF ANY CAUSE OF ACTION, CLAIM, COUNTERCLAIM OR CROSS-COMPLAINT IN ANY ACTION, PROCEEDING AND/OR
HEARING BROUGHT BY EITHER LANDLORD AGAINST TENANT OR TENANT AGAINST LANDLORD ON ANY MATTER
WHATSOEVER ARISING OUT OF, OR IN ANY WAY CONNECTED WITH, THIS LEASE, THE RELATIONSHIP OF LANDLORD
AND TENANT, TENANT’S USE OR OCCUPANCY OF THE PREMISES, OR ANY CLAIM OF INJURY OR DAMAGE, OR THE
ENFORCEMENT OF ANY REMEDY UNDER ANY LAW, STATUTE, OR REGULATION, EMERGENCY OR OTHERWISE, NOW OR
HEREAFTER IN EFFECT. LANDLORD AND TENANT ACKNOWLEDGE THAT THEY HAVE CAREFULLY READ AND REVIEWED
THIS LEASE AND EACH TERM AND PROVISION CONTAINED HEREIN AND, BY EXECUTION OF THIS LEASE, SHOW THEIR
INFORMED AND VOLUNTARY CONSENT THERETO. THE PARTIES HEREBY AGREE THAT, AT THE TIME THIS LEASE IS
EXECUTED, THE TERMS OF THIS LEASE ARE COMMERCIALLY REASONABLE AND EFFECTUATE THE INTENT AND
PURPOSE OF LANDLORD AND TENANT WITH RESPECT TO THE PREMISES. TENANT ACKNOWLEDGES THAT IT HAS BEEN
GIVEN THE OPPORTUNITY TO HAVE THIS LEASE REVIEWED BY ITS LEGAL COUNSEL PRIOR TO ITS EXECUTION.

48

 

PREPARATION OF THIS LEASE BY LANDLORD OR LANDLORD’S AGENT AND SUBMISSION OF SAME TO TENANT SHALL
NOT BE DEEMED AN OFFER BY LANDLORD TO LEASE THE PREMISES TO TENANT OR THE GRANT OF AN OPTION TO
TENANT TO LEASE THE PREMISES. THIS LEASE SHALL BECOME BINDING UPON LANDLORD ONLY WHEN FULLY
EXECUTED BY BOTH PARTIES AND WHEN LANDLORD HAS DELIVERED A FULLY EXECUTED ORIGINAL OF THIS LEASE TO
TENANT.

64. Access To Premises. Tenant shall have access to the Premises 24 hours a day, 7 days per week,
but such access shall always be subject to reasonable rules and regulations from time to time
established for the Building by Landlord (and shall be subject to interruption due to causes beyond
Landlord’s reasonable control).

Balance of Page Intentionally Left Blank

49

 

          WITNESS the execution hereof as a sealed instrument as of the date first above written.

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	LANDLORD	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	THE REALTY ASSOCIATES FUND III, L.P.,

a Delaware limited partnership	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By: Realty Associates Fund III GP Limited

Partnership, a Delaware limited partnership, its

    general partner	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	By: Realty Associates Fund III, LLC, a

Delaware limited liability company, its sole

general partner	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	By: Realty Associates Fund III Trust, a

Massachusetts business trust, its sole member	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 	 
	 

	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	 	 
	 

	 	 	 	 	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By: Realty Associates Fund III Texas Corporation,

a Texas corporation, its general partner	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 TENANT	 	 	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Attest:	 	 	 	 	 	 	 	BUY DOMAINS HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 

	 	 
	(Assistant) Secretary

	 	 	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	Title:	 	 	 	 

IF TENANT IS A CORPORATION, TRUST, LIMITED PARTNERSHIP OR LIMITED LIABILITY COMPANY,

A SECRETARY’S, CLERK’S, TRUSTEE’S, GENERAL PARTNER’S OR MANAGING MEMBER’S

CERTIFICATE OF THE AUTHORITY AND THE INCUMBENCY OF THE PERSON SIGNING ON BEHALF

OF TENANT SHALL BE ATTACHED.

50

 

EXHIBIT A

PREMISES

51

 

EXHIBIT B

VERIFICATION LETTER

                                        , 200__

[Name of Contact]

[Name of Tenant]

	 	 	 	 	 
	 

	 	RE:
	 	[Name of Tenant]

[Premises Rentable Area and Floor]

Dear [Name of Contact]:

     Reference is made to that certain Lease, dated as of                                         , 200___, between THE REALTY
ASSOCIATES FUND III, as Landlord and                                                              as Tenant, with respect to approximately
                     square feet
of space on the                      floor of 230 Third Avenue, Waltham,
Massachusetts. In accordance with Section 3.1 of the Lease, this is to confirm that the
Commencement Date of the term of such Lease occurred on                     , and that the Term of such Lease shall
expire on                                         , 200___. This will also confirm that the Tenant has taken occupancy and
possession of the Premises. If the foregoing is in accordance with your understanding, would you
kindly execute this letter in the space provided below, and return the same to us for execution by
Landlord, whereupon it will become a binding agreement between us.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 	 
	 

	 	 	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Accepted and Agreed:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	[Name of Tenant]	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 	 	 
	 

	 	Date:	 	 	 	 	 	 	 	 

52

 

EXHIBIT C

RULES AND REGULATIONS

GENERAL RULES

     Tenant shall faithfully observe and comply with the following Rules and Regulations.

     1. Tenant shall not alter any locks or install any new or additional locks or bolts on any
doors or windows of the Premises without obtaining Landlord’s prior written consent. Tenant shall
bear the cost of any lock changes or repairs required by Tenant. Keys required by Tenant must be
obtained from Landlord at a reasonable cost to be established by Landlord.

     2. All doors opening to public corridors shall be kept closed at all times except for normal
ingress and egress to the Premises. Tenant shall assume any and all responsibility for protecting
the Premises from theft, robbery and pilferage, which includes keeping doors locked and other means
of entry to the Premises closed.

     3. Landlord reserves the right to close and keep locked all entrance and exit doors of the
Building except during the Building’s normal hours of business as defined in Section 11.4 of the
Lease. Tenant, its employees and agents must be sure that the doors to the Building are securely
closed and locked when leaving the Premises if it is after the normal hours of business of the
Building. Tenant, its employees, agents or any other persons entering or leaving the Building at
any time when it is so locked, or any time when it is considered to be after normal business hours
for the Building, may be required to sign the Building register. Access to the Building or the
Property may be refused unless the person seeking access has proper identification or has a
previously received authorization for access to the Building or the Property. Landlord and its
agents shall in no case be liable for damages for any error with regard to the admission to or
exclusion from the Building or the Property of any person. In case of invasion, mob, riot, public
excitement, or other commotion, Landlord reserves the right to prevent access to the Building or
the Property during the continuance thereof by any means it deems appropriate for the safety and
protection of life and property.

     4. Landlord reserves the right, in Landlord’s sole and absolute discretion, to close or limit
access to the Building, the Property and/or the Premises, from time to time, due to the failure of
utilities, due to damage to the Building, the Property and/or the Premises, to ensure the safety of
persons or property or due to government order or directive, and Tenant agrees to immediately
comply with any such decision by Landlord. If Landlord closes or limits access to the Building, the
Property and/or the Premises for the reasons described above, Landlord’s actions shall not
constitute a breach of the Lease.

     5. No furniture, freight or equipment of any kind shall be brought into the Building without
Landlord’s prior authorization. All moving activity into or out of the Building shall be scheduled
with Landlord and done only at such time and in such manner as Landlord designates. Landlord shall
have the right to prescribe the weight, size and position of all safes and other heavy property
brought into the Building and also the times and manner of moving the same in and out of the
Building. Safes and other heavy objects shall, if considered necessary by Landlord, stand on
supports of such thickness as is necessary to properly distribute the weight,

53

 

and Tenant shall be solely responsible for the cost of installing all supports. Landlord will not
be responsible for loss of or damage to any such safe or property in any case. Any damage to any
part of the Building or the Property, its contents, occupants or visitors by moving or maintaining
any such safe or other property shall be the sole responsibility and expense of Tenant.

     6. The requirements of Tenant will be attended to only upon application at the management
office for the Building or at such office location designated by Landlord. Tenant shall not ask
employees of Landlord to do anything outside their regular duties without special authorization
from Landlord.

     7. Tenant shall not disturb, solicit, or canvass any occupant of the Building and shall
cooperate with Landlord and its agents to prevent the same. Tenant, its employees and agents shall
not loiter in or on the entrances, corridors, sidewalks, lobbies, halls, stairways, elevators, or
any Common Areas for the purpose of smoking tobacco products or for any other purpose, nor in any
way obstruct such areas, and shall use them only as a means of ingress and egress for the Premises.
Smoking shall not be permitted in the Common Areas.

     8. The toilet rooms, urinals and wash bowls shall not be used for any purpose other than that
for which they were constructed, and no foreign substance of any kind whatsoever shall be thrown
therein. The expense of any breakage, stoppage or damage resulting from the violation of this rule
shall be borne by the tenant who, or whose employees or agents, shall have caused it.

     9. Except for vending machines intended for the sole use of Tenant’s employees and invitees,
no vending machine or machines other than fractional horsepower office machines shall be installed,
maintained or operated upon the Premises without the written consent of Landlord. All vendors or
other persons visiting the Premises shall be subject to the reasonable control of Landlord. Tenant
shall not permit its vendors or other persons visiting the Premises to solicit other tenants of the
Building.

     10. Tenant shall not use or keep in or on the Premises or the Building any kerosene, gasoline
or other inflammable or combustible fluid or material. Tenant shall not bring into or keep within
the Premises or the Building any animals, birds, bicycles or other vehicles.

     11. Tenant shall not use, keep or permit to be used or kept, any foul or noxious gas or
substance in or on the Premises, or permit or allow the Premises to be occupied or used in a manner
offensive or objectionable to Landlord or other occupants of the Building by reason of noise,
odors, or vibrations, or to otherwise interfere in any way with the use of the Building or the
Property by other tenants.

     12. No cooking shall be done or permitted on the Premises, nor shall the Premises be used for
the storage of merchandise, for loading or for any improper, objectionable or immoral purposes.
Notwithstanding the foregoing, Underwriters’ Laboratory approved equipment and microwave ovens may
be used in the Premises for heating food and brewing coffee, tea, hot chocolate and similar
beverages for employees and visitors of Tenant, provided that such use is in accordance with all
applicable federal, state and city laws, codes, ordinances, rules and

54

 

regulations; and provided further that such cooking does not result in odors escaping from the
Premises.

     13. Landlord shall have the right to approve where and how telephone wires are to be
introduced to the Premises. No boring or cutting for wires shall be allowed without the consent of
Landlord. The location of telephone call boxes and other office equipment affixed to the Premises
shall be subject to the approval of Landlord. Tenant shall not mark, drive nails or screws, or
drill into the partitions, woodwork or plaster contained in the Premises or in any way deface the
Premises or any part thereof without Landlord’s prior written consent. Tenant shall not install any
radio or television antenna, satellite dish, loudspeaker or other device on the roof or exterior
walls of the Building. Tenant shall not interfere with broadcasting or reception from or in the
Building or elsewhere.

     14. Landlord reserves the right to exclude or expel from the Property any person who, in the
judgment of Landlord, is intoxicated or under the influence of liquor or drugs, or who shall in any
manner do any act in violation of any of these Rules and Regulations.

     15. Tenant shall not waste electricity, water or air conditioning and agrees to cooperate
fully with Landlord to ensure the most effective operation of the Building’s heating and air
conditioning system, and shall refrain from attempting to adjust any controls. Tenant shall not
without the prior written consent of Landlord use any method of heating or air conditioning other
than that supplied by Landlord. Tenant shall not use electric fans or space heaters in the
Premises.

     16. Tenant shall store all its trash and garbage within the interior of the Premises. No
material shall be placed in the trash boxes or receptacles if such material is of such nature that
it may not be disposed of in the ordinary and customary manner of removing and disposing of trash
from the Building without violation of any law or ordinance governing such disposal. All trash,
garbage and refuse disposal shall be made only through entry-ways and elevators provided for such
purposes at such times as Landlord shall designate.

     17. Tenant shall comply with all safety, fire protection and evacuation procedures and
regulations established by Landlord or any governmental agency.

     18. No awnings or other projection shall be attached to the outside walls or windows of the
Building by Tenant. No curtains, blinds, shades or screens shall be attached to or hung in any
window or door of the Premises without the prior written consent of Landlord. Landlord shall have
the right to require Tenant to use Landlord’s standard curtains or window coverings. Tenant shall
not place any signs in the windows of the Premises or the Building. All electrical ceiling fixtures
hung in the Premises must be fluorescent and/or of a quality, type, design and bulb color approved
by Landlord. Tenant shall abide by Landlord’s regulations concerning the opening and closing of
window coverings which are attached to the windows in the Premises. The skylights, windows, and
doors that reflect or admit light and air into the halls, passageways or other public places in the
Building shall not be covered or obstructed by Tenant, nor shall any bottles, parcels or other
articles be placed on the window sills.

55

 

     19. Tenant shall not employ any person or persons other than the janitor of Landlord for the
purpose of cleaning the Premises unless otherwise agreed to in writing by Landlord. Except with the
prior written consent of Landlord, no person or persons other than those approved by Landlord shall
be permitted to enter the Building for the purpose of cleaning same. Landlord shall in no way be
responsible to Tenant for any loss of property on the Premises, however occurring, or for any
damage done to the effects of Tenant or any of its employees or other persons by the janitor of
Landlord. Landlord shall not be obligated to notify Tenant of the times at which the janitorial
staff will enter the Premises, and Tenant hereby authorizes the janitorial staff to enter the
Premises at any time, without notice. Janitor service shall include ordinary dusting and cleaning
by the janitor assigned to such work and shall not include cleaning of carpets or rugs, except
normal vacuuming, or moving of furniture and other special services. Window cleaning shall be done
only by Landlord at reasonable intervals and as Landlord deems necessary.

     20. Tenant acknowledges that the local fire department has previously required Landlord to
participate in a fire and emergency preparedness program or may require Landlord and/or Tenant to
participate in such a program in the future. Tenant agrees to take all actions necessary to comply
with the requirements of such a program including, but not limited to, designating certain
employees as “fire wardens” and requiring them to attend any necessary classes and meetings and to
perform any required functions.

PARKING RULES

     1. Parking areas shall be used only for parking by vehicles no longer than full size,
passenger automobiles or minivans. Tenant and its employees shall park automobiles within the lines
of the parking spaces.

     2. Tenant shall not permit or allow any vehicles that belong to or are
controlled by
Tenant or Tenant’s employees, suppliers, shippers, customers, or invitees to be loaded, unloaded,
or parked in areas other than those designated by Landlord for such activities. Users of the
parking area will obey all posted signs and park only in the areas designated for vehicle parking.

     3. Parking stickers, parking cards and other identification devices shall be the property of
Landlord and shall be returned to Landlord by the holder thereof upon termination of the holder’s
parking privileges. Landlord may require Tenant and each of its employees to give Landlord a
deposit when a parking card or other parking device is issued. Landlord shall not be obligated to
return the deposit unless and until the parking card or other device is returned to Landlord.
Tenant will pay such replacement charges as is reasonably established by Landlord for the loss of
such devices. Loss or theft of parking identification stickers or devices from automobiles must be
reported to the parking operator immediately. Any parking identification stickers or devices
reported lost or stolen found on any unauthorized car will be confiscated and the illegal holder
will be subject to prosecution.

     4. Landlord reserves the right to allocate parking spaces between compact and standard size
and tandem spaces, as long as the same complies with applicable laws, ordinances and regulations.

56

 

     5. Unless otherwise instructed, every person using the parking area is required to park and lock
his own vehicle. Landlord will not be responsible for any damage to vehicles, injury to persons or
loss of property, all of which risks are assumed by the party using the parking area.

     6. Validation of visitor parking, if established, will be permissible only by such method or
methods as Landlord may establish at rates determined by Landlord, in Landlord’s sole discretion.
Only persons visiting Tenant at the Premises shall be permitted by Tenant to use the Property’s
visitor parking facilities.

     7. The maintenance, washing, waxing or cleaning of vehicles in the parking structure or
Common Areas is prohibited.

     8. Tenant shall be responsible for seeing that all of its employees, agents and invitees
comply with the applicable parking rules, regulations, laws and agreements. Parking area managers
or attendants, if any, are not authorized to make or allow any exceptions to these Parking Rules
and Regulations. Landlord reserves the right to terminate parking rights for any person or entity
that willfully refuses to comply with these rules and regulations.

     9. Every driver is required to park his own car. Tenant agrees that all responsibility for
damage to cars or the theft of or from cars is assumed by the driver, and further agrees that
Tenant will hold Landlord harmless for any such damages or theft.

     10. Any vehicle parked by Tenant, its employees, contractors or visitors in a reserved parking
space or in any area of the parking area that is not designated for the parking of such a vehicle
may, at Landlord’s option, and without notice or demand, be towed away by any towing company
selected by Landlord, and the cost of such towing shall be paid for by Tenant and/or the driver of
said vehicle.

     11. At Landlord’s request from time to time, Tenant shall provide Landlord with a list which
includes the name of each person using the parking facilities based on Tenant’s parking rights
under this Lease and the license plate number of the vehicle being used by that person.

     Landlord reserves the right at any time to change or rescind any one or more of these Rules
and Regulations, or to make such other and further reasonable Rules and Regulations as in
Landlord’s reasonable judgment may from time to time be necessary for the management, safety, care
and cleanliness of the Property, and for the preservation of good order therein, as well as for the
convenience of other occupants and tenants therein. Landlord may waive any one or more of these
Rules and Regulations for the benefit of any particular tenant, but no such waiver by Landlord
shall be construed as a waiver of such Rules and Regulations in favor of any other tenant, nor
prevent Landlord from thereafter enforcing any such Rules or Regulations against any or all tenants
of the Property. Tenant shall be deemed to have read these Rules and Regulations and to have agreed
to abide by them as a condition of its occupancy of the Premises.

57

 

FIRST
AMENDMENT TO LEASE

FIRST
AMENDMENT TO LEASE dated as of this ___ day of April, 2006, by and between BOSTON
PROPERTIES LIMITED PARTNERSHIP, successor-in-interest to The Realty Associates Fund III
(“Landlord”) and YES DIRECT, INC., a Delaware corporation (formerly known as BuyDomains Holdings,
Inc.), (“Tenant”).

R E
C I T A L S

By Lease dated July 28, 2005 (the “Lease”), Landlord did lease to Tenant and Tenant did lease from
Landlord 12,833 square feet of rentable floor area (the “Rentable Floor Area of the Premises”) on
the first (1st) floor of the building (the “Building”) known as Prospect Place and
numbered 230 Third Avenue, Waltham, Massachusetts (referred to in the Lease as the “Premises” and
hereinafter sometimes referred to as the “Relinquished Premises”).

Landlord and Tenant have agreed to terminate the Lease with regard to the entire Relinquished
Premises and Tenant has determined to lease from Landlord the 19,931 square feet of rentable floor
area (the “Rentable Floor Area of the New Premises”) on the second (2nd) floor of the
Building (the “New Premises”) shown on Exhibit A attached hereto upon the terms and conditions
contained in this First Amendment to Lease (the “First Amendment”).

In addition, the Lease provides for a Term which will expire unless extended or sooner terminated,
on October 31, 2008. Landlord and Tenant desire to extend the Term of the Lease as amended and to
provide Tenant with an option to further extend the Term upon the terms contained in this First
Amendment.

Landlord and Tenant are entering into this instrument to set forth said agreements and to further
amend the Lease.

NOW THEREFORE, in consideration of One Dollar ($1.00) and other good and valuable consideration in
hand this date paid by each of the parties to the other, the receipt and sufficiency of which are
hereby severally acknowledged, and in further consideration of the mutual promises herein
contained, Landlord and Tenant, hereby agree to and with each other as follows:

	1.	 	As of June 1, 2006 (the “New Premises Commencement Date”) the New Premises shall constitute
the “Premises” demised to Tenant under the Lease and as of the “Reduction Date” (as defined in
Section 2 hereof) the Relinquished Premises shall no longer be deemed to be a part of and
shall be deleted and removed from the “Premises” demised to Tenant under the Lease. By way of
example, the option to extend the Term provided in Section 4 hereinbelow shall apply to the
New Premises but not to the Relinquished Premises.

	2.	 	On or prior to the New Premises Commencement Date (sometimes hereinafter referred to as the
“Reduction Date”), Tenant shall quit and vacate the Relinquished Premises and surrender the
same in the condition required by the Lease upon the expiration or earlier termination of the
Term.

1

 

	3.	 	The Term, which but for this First Amendment is scheduled to expire on October 31, 2008, is
hereby extended for a period commencing on November 1, 2008 and expiring on May 31, 2009 (the
“Third Extended Term”) unless sooner extended or terminated in accordance with the provisions
of the Lease as herein amended, such extension to be upon all the same terms and conditions
set forth in the Lease except as otherwise provided in this First Amendment.

	4.	 	(A) Provided that at the time of exercise of the option to extend and at the commencement
date of the extension option period (i) an Event of Default of Tenant does not exist (as set
forth in Section 13.1 of the Lease), (ii) the Lease is still in full force and effect, and
(iii) Tenant has neither assigned the Lease nor sublet more than twenty-five percent (25%) of
the Rentable Floor Area of the Premises (except for an assignment or subletting permitted
without Landlord’s consent under Section 12.2 of the Lease), Tenant shall have the right to
extend the Term of the Lease upon all the same terms, conditions, covenants and agreements
contained in the Lease (except for the Base Rent which shall be adjusted during the option
period as hereinbelow set forth) for one (1) period of three (3) years as hereinafter set
forth. The option period is sometimes herein referred to as the “Second Extended Term”.

(B) If Tenant desires to exercise the option to extend the Term, then Tenant shall give
notice to Landlord, not earlier than twelve (12) months nor later than nine (9) months
prior to the expiration of the First Extended Term exercising such option to extend.
Promptly after Landlord’s receipt of the Exercise Notice, Landlord shall provide Landlord’s
quotation to Tenant of a proposed annual rent for the Second Extended Term (“Landlord’s
Rent Quotation”). If at the expiration of thirty (30) days after the date when Landlord
provides such quotation to Tenant (the “Negotiation Period”), Landlord and Tenant have not
reached agreement on a determination of an annual rental for the Second Extended Term and
executed a written instrument extending the Term of the Lease pursuant to such agreement,
then Tenant shall have the right, for thirty (30) days following the expiration of the
Negotiation Period, to make a request to Landlord for a broker determination (the “Broker
Determination”) of the Prevailing Market Rent (as defined in Exhibit C) for the Second
Extended Term, which Broker Determination shall be made in the manner set forth in Exhibit
C. If Tenant timely shall have requested the Broker Determination, then the base rent for
the Second Extended Term shall be the greater of (a) 95% of the Prevailing Market Rent as
determined by the Broker Determination or (b) the base rent in effect during the last year
of the First Extended Term. If Tenant does not timely request the Broker Determination,
then base rent during the Second Extended Term shall be equal to the greater of (a)
Landlord’s Rent Quotation or (b) the Base rent in effect during the last year of the First
Extended Term.

(C) Upon the giving of the Exercise Notice by Tenant to Landlord exercising Tenant’s option to
extend the Term in accordance with the provisions of Section B above, then the Lease and the Term
shall automatically be deemed extended, for the Second Extended Term, without the necessity for the
execution of any additional documents, except that Landlord and Tenant agree to enter into an
instrument in writing setting forth
the Base rent for the Second Extended Term as determined in the relevant manner set forth in this
Section 4; and in such event all references herein to the Term or the term of the Lease shall be
construed as referring to the Term, as so extended, unless the context clearly otherwise requires,
and except that there shall be no further option to extend the Term. Notwithstanding anything
contained herein to the contrary, and in no event shall the Term hereof be extended for more than
three (3) years after the expiration of the First Extended Term hereof.

2

 

	5.	 	(A) Base Rent for the Relinquished Premises shall continue to be payable through the
Reduction Date, as provided in the Lease. Subsequent to the Reduction Date, Base Rent shall no
longer be payable for the Relinquished Premises, however, Section 1.14 of the Lease shall be
amended to provide for the Base Rent to be payable for the New Premises for such period as set
forth in (B) hereinbelow.

	 	(B)	(i)	 	From the New Premises Commencement Date through September 30, 2006, Base Rent for
the New Premises shall be payable at the annual rate of $256,711.28 (being the product of
(a) $12.88 and (b) the Rentable Floor Area of the New Premises (being 19,931 square feet)).

	 	(ii)	 	From October 1, 2006 through November 30, 2006, Base Rent for the New Premises
shall be payable at the annual rate of $269,467.12 (being the product of (a) $13.52
and (b) the Rentable Floor Area of the New Premises).
	 
	 	(iii)	 	From December 1, 2006 through the expiration of the First Extended Term, Base
Rent for the New Premises shall be payable at the annual rate of $597,930.00 (being
the product of (a) $30.00 and (b) the Rentable Floor Area of the New Premises).

	 	(C)	 	During the Second Extended Term (if exercised), Base Rent shall be payable as provided
in Section 4 hereof.

	6.	 	As of the New Premises Commencement Date, “Tenant’s Share” as defined in Section 17 of the
Lease is hereby changed to 7.16%.

	7.	 	(A) For purposes of calculating Tenant’s share of Operating Expense increases pursuant to
Section 4.2 of the Lease for that portion of the Term prior to December 1, 2006, the
definition of “Operating Expense Base Year” contained in Section 1.18 of the Lease shall be
unchanged. For that portion of the Term on and after December 1, 2006, for such purposes, such
definition contained in Section 1.18 of the Lease shall be deleted in its entirety and
replaced with the following:

Operating Expense Base Year:                     Calendar Year 2006

(B) For purposes of calculating Tenant’s share of Real Estate Property Taxes pursuant to
Section 10.1 of the Lease, for that portion of the Term prior to December 1, 2006, the
definition of “Tax Base Year” contained in Section 1.18 of the Lease shall remain
unchanged. For that portion of the Term on and after December 1, 2006, for such purposes,
such definition contained in Section 1.18 of the Lease shall be deleted in its entirety and
replaced with the following:

Tax Base Year:                     Fiscal Year 2007

	8.	 	As of the New Premises Commencement Date, the “Number of Tenant Parking Spaces” as defined in
Section 1.19 of the Lease shall be increased to be: sixty (60) spaces (3.0 parking spaces per
1,000 feet of Premises Rentable Area) to be used in common and on an
unassigned basis.

3

 

	9.	 	As of June 1, 2006, the space located on the first (1st) floor of the Building
shown on Exhibit B attached hereto will be vacant (“Offer Space”). If Landlord is in
discussions with a prospective tenant which Landlord feels will lead to a lease transaction
respecting the Offer Space, Landlord shall send notice to Tenant offering such space to Tenant
for lease and shall advise Tenant of the “Annual Market Rent” (defined hereinbelow) and other
business terms upon which Landlord is willing to lease such space (“Landlord’s Offer Notice”).
The Annual Market Rent shall be the annual fair market rent for such space as of the date
Landlord sends Landlord’s Offer Notice based upon the use of such space as first class office
space utilizing properties of similar character within the Boston West Suburban market. If
Tenant wishes to exercise Tenant’s right of first offer, Tenant may do so, if at all, by
giving Landlord notice of Tenant’s desire to lease the entire amount of such space (it being
agreed that Tenant has no right to lease less than the entire amount of the space so offered)
on the terms provided herein within fifteen (15) days after the effective date of Landlord’s
Offer Notice, time being of the essence provided that (i) no “Event of Default” (as defined in
Section 13.1) exists, (ii) Tenant has not assigned the Lease or sublet more than twenty-five
percent (25%) of the Rentable Floor Area of the Premises (except for an assignment or
subletting permitted without Landlord’s consent pursuant to Section 12.2 of the Lease), and
(iii) the Lease is still in full force and effect. If Tenant shall give such notice and Tenant
has met the conditions of (i), (ii) and (iii) in the preceding sentence, the same shall
constitute an agreement to enter into an instrument in writing to lease such space within
thirty (30) days thereafter upon all of the same terms and conditions in the Lease except for
the provisions of this Section, the Base Rent which shall be equal to the Annual Market Rent
as quoted by Landlord, such other business terms set forth in Landlord’s notice as aforesaid
and those provisions which are inappropriate to the business agreement. If Tenant shall not
exercise such right within such period, time being of the essence in respect to such exercise,
Landlord shall be free for ninety (90) days after the date of Landlord’s Notice upon an annual
fixed rent which is no less than ninety-five percent (95%) of the annual fixed rent contained
in Landlord’s Notice without again offering such space to Tenant for lease, it being agreed
that if Landlord does not so lease such space during such ninety (90) day period or if
Landlord proposes to lease such space at a rate which is less than ninety-five percent (95%)
of the annual fixed rent contained in Landlord’s Notice during such ninety (90) day period,
the terms of this Section shall continue to apply to such first offer space.

	10.	 	Tenant shall accept the New Premises as of the New Premises Commencement Date in their as-is
condition without any obligation on the Landlord’s part to perform any additions, alterations,
improvements, demolition or other work therein or pertaining thereto.

11.   Section 7.3(f) of the Lease is hereby deleted in its entirety and replaced with the following:

Landlord shall provide to Tenant a special allowance equal to $96,247.50 (the
“Tenant Allowance”). The Tenant Allowance shall be used and applied by Landlord
solely on account of the cost of work performed in the New Premises as agreed to by
Landlord and Tenant (“Landlord’s Work”). In no event shall Landlord’s obligations
to pay or reimburse Tenant for any of the costs of Landlord’s Work exceed the total
Tenant Allowance. Notwithstanding the foregoing, Landlord shall be under no
obligation to apply any portion of the Tenant Allowance for any purposes other than
as provided in this Section. In addition, in the event that (i) Tenant is in
default under the Lease beyond

4

 

applicable notice and cure periods provided in the Lease or, (ii) there are any
liens which are not bonded to the reasonable satisfaction of Landlord against
Tenant’s interest in the Lease or against the Building or the Land arising out of
any work performed by Tenant or any litigation in which Tenant is a party, then,
until such event (“Event”) has been fully cured by Tenant, Landlord shall have no
further obligation to fund any portion of the Tenant Allowance and Tenant shall be
obligated to pay, as additional rent, all costs of Landlord’s Work in excess of
that portion of the Tenant Allowance funded by Landlord through the date of the
Event. Further, the Tenant Allowance shall only be applied towards the cost of
leasehold improvements and in no event shall Landlord be required to make
application of any portion of the Tenant Allowance towards Tenant’s personal
property, trade fixtures or moving expenses or on account of any supervisory fees,
overhead, management fees or other payments to Tenant, or any partner or affiliate
of Tenant. In the event that the costs of Landlord’s Work are less than the Tenant
Allowance, Tenant shall not be entitled to any payment or credit nor shall there be
any application of the same toward Base Rent or any other amounts owed by Tenant
under the Lease. Tenant acknowledges that any portion of the Tenant Allowance which
has not been utilized on or before May 31, 2007 shall be forfeited by Tenant.
Landlord shall be entitled to deduct from the Tenant Allowance a construction
management fee equal to 4% of the cost of Landlord’s Work.

	12.	 	As of the date hereof, Tenant is utilizing certain furniture and workstations owned by Landlord
and located in the Premises. Landlord and Tenant shall mutually agree upon the furniture and
workstations which will be relocated to the New Premises. Tenant acknowledges and agrees that the
cost of relocating such furniture and workstations shall be borne solely by Tenant. Further,
Tenant’s use of such furniture and workstations in the New Premises shall continue to be in
accordance with the terms and conditions set forth in Section 3.2 of the Lease.

	 
	13.	 	(A) Tenant warrants and represents that Tenant has not dealt with any broker in connection with
the consummation of this First Amendment other than CB Richard Ellis Whittier Partners (the
“Broker”) and in the event any claim is made against Landlord relative to dealings by Tenant with
brokers (other than the Broker), Tenant shall defend the claim against Landlord with counsel of
Tenant’s selection first approved by Landlord (which approval will not be unreasonably withheld)
and save harmless and indemnify Landlord on account of loss, cost or damage which may arise by
reason of such claim.

(B) Landlord warrants and represents that Landlord has not dealt with any broker in
connection with the consummation of this First Amendment (other than the Broker) and in the
event any claim is made against Tenant relative to dealings by Landlord with brokers,
Landlord shall defend the claim against Tenant with counsel of Landlord’s selection and
save harmless and indemnify Tenant on account of loss, cost or damage which may arise by
reason of such claim.

	14.	 	Except as otherwise expressly provided in the Lease, in no event shall Tenant have the right to
terminate or cancel the Lease or to withhold rent or to set-off any claim
or damages against rent as a result of any default by Landlord or breach by Landlord of its
covenants or warranties or promises under the Lease, except in the case of a wrongful eviction of
Tenant from the demised premises (constructive or actual) by Landlord continuing after notice to
Landlord thereof and a reasonable opportunity for Landlord to cure the same. Further, the Tenant
shall not assert any right to deduct the cost of repairs or any monetary claim against the Landlord
from rent

5

 

	 	 	thereafter due and payable, but shall look solely to the Landlord for satisfaction of such
claim.

	15.	 	As an inducement to Landlord to enter into this First Amendment, Tenant hereby represents and
warrants that: (i) Tenant is not, nor is it owned or controlled directly or indirectly by, any
person, group, entity or nation named on any list issued by the Office of Foreign Assets Control of
the United States Department of the Treasury (“OFAC”) pursuant to Executive Order 13224 or any
similar list or any law, order, rule or regulation or any Executive Order of the President of the
United States as a terrorist, “Specially Designated National and Blocked Person” or other banned or
blocked person (any such person, group, entity or nation being hereinafter referred to as a
“Prohibited Person”); (ii) Tenant is not (nor is it owned, controlled, directly or indirectly, by
any person, group, entity or nation which is) acting directly or indirectly for or on behalf of any
Prohibited Person; and (iii) from and after the effective date of the above-referenced Executive
Order, Tenant (and any person, group, or entity which Tenant controls, directly or indirectly) has
not conducted nor will conduct business nor has engaged nor will engage in any transaction or
dealing with any Prohibited Person in violation of the U.S. Patriot Act or any OFAC rule or
regulation, including without limitation any assignment of the Lease or any subletting of all or
any portion of the Premises or the making or receiving of any contribution of funds, goods or
services to or for the benefit of a Prohibited Person in violation of the U.S. Patriot Act or any
OFAC rule or regulation. In connection with the foregoing, it is expressly understood and agreed
that (x) any breach by Tenant of the foregoing representations and warranties shall be deemed an
immediate Event of Default by Tenant under Section 13.1 of the Lease (without the benefit of notice
or grace) and shall be covered by the indemnity provisions the Lease, and (y) the representations
and warranties contained in this subsection shall be continuing in nature and shall survive the
expiration or earlier termination of the Lease.
	 
	16.	 	The address for Landlord contained in Section 1.22 of the Lease is here by deleted in its
entirety and replaced with the following:

Boston Properties Limited Partnership

c/o Boston Properties 
111 Huntington Avenue,
Suite 300 
Boston, Massachusetts 02199

	17.	 	Except as otherwise expressly provided herein, all capitalized terms used herein without
definition shall have the same meanings as are set forth in the Lease.

	 
	18.	 	Except as herein amended the Lease shall remain unchanged and in full force and effect. All
references to the “Lease” shall be deemed to be references to the Lease as amended hereby.

6

 

EXECUTED as a sealed instrument as of the date and year first above written.

	 	 	 	 	 	 	 	 	 
	WITNESS:	 	LANDLORD:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BOSTON PROPERTIES LIMITED PARTNERSHIP,
	 	 
	 
 
	 	a Delaware limited partnership	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	BOSTON PROPERTIES INC.,

its general partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ David C. Provist	 	 
	 

	 	 	 	Name:
	 	David
C. Provist

	 	 
	 

	 	 	 	Title:
	 	SVP

	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	WITNESS:	 	TENANT:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	YES DIRECT, INC.	 
	 
 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 	 	 	 	 	 	 
	 

	 	Name:	 	Jeffrey S. Bennett	 	 
	 	 	 	 	 	 	 
	 

	 	Title:	 	President and COO	 	 
	 	 	 	 	 	 	 

7

 

 EXHIBIT A

FLOOR PLAN

“NEW PREMISES”

8

 

 EXHIBIT B

FLOOR PLAN

“NEW PREMISES”

9

 

EXHIBIT
C

BROKER DETERMINATION OF PREVAILING MARKET RENT

Where in the Lease to which this Exhibit is attached provision is made for a Broker Determination
of Prevailing Market Rent, the following procedures and requirements shall apply:

	 	1.	 	Tenant’s Request. Tenant shall send a notice to Landlord by the time set for
such notice in the applicable section of the Lease, requesting a Broker Determination
of the Prevailing Market Rent, which notice to be effective must (i) make explicit
reference to the Lease and to the specific section of the Lease pursuant to which said
request is being made, (ii) include the name of a broker selected by Tenant to act for
Tenant, which broker shall be affiliated with a major Boston commercial real estate
brokerage firm selected by Tenant and which broker shall have at least ten (10) years
experience dealing in properties of a nature and type generally similar to the
Building located in the Boston West Suburban Market, and (iii) explicitly state that
Landlord is required to notify Tenant within thirty (30) days of an additional broker
selected by Landlord.
	 
	 	2.	 	Landlord’s Response. Within thirty (30) days after Landlord’s receipt of
Tenant’s notice requesting the Broker Determination and stating the name of the broker
selected by Tenant, Landlord shall give written notice to Tenant of Landlord’s
selection of a broker having at least the affiliation and experience referred to
above.
	 
	 	3.	 	Selection of Third Broker. Within ten (10) days thereafter the two (2)
brokers so selected shall select a third such broker also having at least the
affiliation and experience referred to above.
	 
	 	4.	 	Rental Value Determination. Within thirty (30) days after the selection of
the third broker, the three (3) brokers so selected, by majority opinion, shall make a
determination of the annual fair market rental value of the Premises for the period
referred to in the Lease. Such annual fair market rental value determination (x) may
include provision for annual increases in rent during said term if so determined, (y)
shall take into account the as-is condition of the Premises and (z) shall take account
of, and be expressed in relation to, the tax and operating cost bases and provisions
for paying for so-called tenant electricity as contained in the Lease. The brokers
shall advise Landlord and Tenant in writing by the expiration of said thirty (30) day
period of the annual fair market rental value which as so determined shall be referred
to as the Prevailing Market Rent.
	 
	 	5.	 	Resolution of Broker Deadlock. If the Brokers are unable to agree at least by
majority on a determination of annual fair market rental value, then the brokers shall
send a notice to Landlord and Tenant by the end of the thirty (30) day period for
making said determination setting forth their individual determinations of annual fair
market rental value, and the highest such determination and the lowest such
determination shall be disregarded and the remaining determination shall be deemed to
be the determination of annual fair market rental value and shall be referred to as
the Prevailing Market Rent.
	 
	 	6.	 	Costs. Each party shall pay the costs and expenses of the broker selected by
it and each

10

 

	 	 	 	shall pay one half (1/2) of the costs and expenses of the Third Broker.
	 
	 	7.	 	Failure to Select Broker or Failure of Broker to Serve. If Tenant shall have requested a
Broker Determination and Landlord shall not have designated a broker within the time period
provided therefor above, then Tenant’s Broker shall alone make the determination of Prevailing
Market Rent in writing to Landlord and Tenant within thirty (30) days after the expiration of
Landlord’s right to designate a broker hereunder. If Tenant and Landlord have both designated
brokers but the two brokers so designated do not, within a period of fifteen (15) days after
the appointment of the second broker, agree upon and designate the Third Broker willing so to
act, the Tenant, the Landlord or either broker previously designated may request the Boston
Bar Association (or such organization as may succeed to the Boston Bar Association) to
designate the Third Broker willing so to act and a broker so appointed shall, for all
purposes, have the same standing and powers as though he had been seasonably appointed by the
brokers first appointed. In case of the inability or refusal to serve of any person designated
as a broker, or in case any broker for any reason ceases to be such, a broker to fill such
vacancy shall be appointed by the Tenant, the Landlord, the brokers first appointed or the
Boston Bar Association as the case may be, whichever made the original appointment, or if the
person who made the original appointment fails to fill such vacancy, upon application of any
broker who continues to act or by the Landlord or Tenant such vacancy may be filled by the
Boston Bar Association and any broker so appointed to fill such vacancy shall have the same
standing and powers as though originally appointed.

11exv10w7

 

Exhibit 10.7

 

[Published CUSIP Number:                     ]

CREDIT AGREEMENT

Dated as of November 21, 2007

among

NAMEMEDIA, INC.

as the Borrower,

CERTAIN SUBSIDIARIES OF THE BORROWER,

as the Guarantors,

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender and L/C Issuer

COMERICA BANK

and

ROYAL BANK OF CANADA,

as Syndication Agents

and

THE OTHER LENDERS PARTY HERETO

BANC OF AMERICA SECURITIES LLC

as Sole Lead Arranger and Sole Book Manager

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	1.01 Defined Terms
	 	 	1	 
	1.02 Other Interpretive Provisions
	 	 	24	 
	1.03 Accounting Terms
	 	 	25	 
	1.04 Rounding
	 	 	26	 
	1.05 Times of Day
	 	 	26	 
	1.06 Letter of Credit Amounts
	 	 	26	 
	ARTICLE II THE COMMITMENTS AND CREDIT EXTENSIONS
	 	 	26	 
	2.01 Revolving Loans and Term Loan
	 	 	26	 
	2.02 Borrowings, Conversions and Continuations of Loans
	 	 	27	 
	2.03 Letters of Credit
	 	 	30	 
	2.04 Swing Line Loans
	 	 	37	 
	2.05 Prepayments
	 	 	39	 
	2.06 Termination or Reduction of Aggregate Revolving Commitments
	 	 	42	 
	2.07 Repayment of Loans
	 	 	42	 
	2.08 Interest
	 	 	43	 
	2.09 Fees
	 	 	44	 
	2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	 	 	44	 
	2.11 Evidence of Debt
	 	 	45	 
	2.12 Payments Generally; Administrative Agent’s Clawback
	 	 	46	 
	2.13 Sharing of Payments by Lenders
	 	 	47	 
	ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	48	 
	3.01 Taxes
	 	 	48	 
	3.02 Illegality
	 	 	49	 
	3.03 Inability to Determine Rates
	 	 	50	 
	3.04 Increased Costs
	 	 	50	 
	3.05 Compensation for Losses
	 	 	51	 
	3.06 Mitigation Obligations; Replacement of Lenders
	 	 	52	 
	3.07 Survival
	 	 	52	 
	ARTICLE IV GUARANTY
	 	 	52	 
	4.01 The Guaranty
	 	 	52	 
	4.02 Obligations Unconditional
	 	 	53	 
	4.03 Reinstatement
	 	 	54	 
	4.04 Certain Additional Waivers
	 	 	54	 
	4.05 Remedies
	 	 	54	 
	4.06 Rights of Contribution
	 	 	54	 
	4.07 Guarantee of Payment; Continuing Guarantee
	 	 	55	 
	ARTICLE V CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 	 	55	 
	5.01 Conditions of Initial Credit Extension
	 	 	55	 
	5.02 Conditions to all Credit Extensions
	 	 	57	 
	ARTICLE VI REPRESENTATIONS AND WARRANTIES
	 	 	58	 
	6.01 Existence, Qualification and Power
	 	 	58	 
	6.02 Authorization; No Contravention
	 	 	58	 
	6.03 Governmental Authorization; Other Consents
	 	 	58	 
	6.04 Binding Effect
	 	 	59	 
	6.05 Financial Statements; No Material Adverse Effect
	 	 	59	 
	6.06 Litigation
	 	 	59	 

i 

 

	 	 	 	 	 
	6.07 No Default
	 	 	60	 
	6.08 Ownership of Property; Liens
	 	 	60	 
	6.09 Environmental Compliance
	 	 	60	 
	6.10 Insurance
	 	 	61	 
	6.11 Taxes
	 	 	61	 
	6.12 ERISA Compliance
	 	 	61	 
	6.13 Subsidiaries
	 	 	61	 
	6.14 Margin Regulations; Investment Company Act
	 	 	62	 
	6.15 Disclosure
	 	 	62	 
	6.16 Compliance with Laws
	 	 	62	 
	6.17
Intellectual Property; Licenses, Etc.
	 	 	62	 
	6.18 Solvency
	 	 	63	 
	6.19 Perfection of Security Interests in the Collateral
	 	 	63	 
	6.20 Business Locations
	 	 	63	 
	6.21 Labor Matters
	 	 	63	 
	ARTICLE VII AFFIRMATIVE COVENANTS
	 	 	63	 
	7.01 Financial Statements
	 	 	63	 
	7.02 Certificates; Other Information
	 	 	64	 
	7.03 Notices
	 	 	66	 
	7.04 Payment of Obligations
	 	 	67	 
	7.05
Preservation of Existence, Etc.
	 	 	67	 
	7.06 Maintenance of Properties
	 	 	67	 
	7.07 Maintenance of Insurance
	 	 	68	 
	7.08 Compliance with Laws
	 	 	68	 
	7.09 Books and Records
	 	 	68	 
	7.10 Inspection Rights
	 	 	68	 
	7.11 Use of Proceeds
	 	 	69	 
	7.12 Additional Subsidiaries
	 	 	69	 
	7.13 ERISA Compliance
	 	 	69	 
	7.14 Pledged Assets
	 	 	69	 
	ARTICLE VIII NEGATIVE COVENANTS
	 	 	70	 
	8.01 Liens
	 	 	70	 
	8.02 Investments
	 	 	71	 
	8.03 Indebtedness
	 	 	72	 
	8.04 Fundamental Changes
	 	 	72	 
	8.05 Dispositions
	 	 	73	 
	8.06 Restricted Payments
	 	 	73	 
	8.07 Change in Nature of Business
	 	 	73	 
	8.08 Transactions with Affiliates and Insiders
	 	 	73	 
	8.09 Burdensome Agreements
	 	 	73	 
	8.10 Use of Proceeds
	 	 	74	 
	8.11 Financial Covenants
	 	 	74	 
	8.12
Prepayment of Other Indebtedness, Etc.
	 	 	74	 
	8.13 Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity
	 	 	75	 
	8.14 Ownership of Subsidiaries
	 	 	75	 
	8.15 Sale Leasebacks
	 	 	75	 
	ARTICLE IX EVENTS OF DEFAULT AND REMEDIES
	 	 	75	 
	9.01 Events of Default
	 	 	75	 
	9.02 Remedies Upon Event of Default
	 	 	77	 
	9.03 Application of Funds
	 	 	78	 

ii 

 

	 	 	 	 	 
	ARTICLE X ADMINISTRATIVE AGENT
	 	 	79	 
	10.01 Appointment and Authority
	 	 	79	 
	10.02 Rights as a Lender
	 	 	79	 
	10.03 Exculpatory Provisions
	 	 	79	 
	10.04 Reliance by Administrative Agent
	 	 	80	 
	10.05 Delegation of Duties
	 	 	80	 
	10.06 Resignation of Administrative Agent
	 	 	80	 
	10.07 Non-Reliance on Administrative Agent and Other Lenders
	 	 	81	 
	10.08 No
Other Duties; Etc.
	 	 	81	 
	10.09 Administrative Agent May File Proofs of Claim
	 	 	82	 
	10.10 Collateral and Guaranty Matters
	 	 	82	 
	ARTICLE XI MISCELLANEOUS
	 	 	83	 
	11.01
Amendments, Etc.
	 	 	83	 
	11.02 Notices and Other Communications; Facsimile Copies
	 	 	85	 
	11.03 No Waiver; Cumulative Remedies
	 	 	86	 
	11.04 Expenses; Indemnity; and Damage Waiver
	 	 	87	 
	11.05 Payments Set Aside
	 	 	88	 
	11.06 Successors and Assigns
	 	 	89	 
	11.07 Treatment of Certain Information; Confidentiality
	 	 	92	 
	11.08 Set-off
	 	 	93	 
	11.09 Interest Rate Limitation
	 	 	93	 
	11.10 Counterparts; Integration; Effectiveness
	 	 	93	 
	11.11 Survival of Representations and Warranties
	 	 	94	 
	11.12 Severability
	 	 	94	 
	11.13 Replacement of Lenders
	 	 	94	 
	11.14
Governing Law; Jurisdiction; Etc.
	 	 	95	 
	11.15 Waiver of Right to Trial by Jury
	 	 	96	 
	11.16 USA PATRIOT Act Notice
	 	 	96	 

iii 

 

	 	 	 	 	 
	SCHEDULES	 	 
	 
	 	 	 	 
	 
	 	1.01	 	Consolidated EBITDA
	 
	 	2.01	 	Commitments and Applicable Percentages
	 
	 	6.10	 	Insurance
	 
	 	6.13	 	Subsidiaries
	 
	 	6.17	 	IP Rights
	 
	 	6.20(a)	 	Locations of Real Property
	 
	 	6.20(b)	 	Taxpayer and Organizational Identification Numbers
	 
	 	6.20(c)	 	Changes in Legal Name, State of Formation and Structure
	 
	 	8.01	 	Liens Existing on the Closing Date
	 
	 	8.02	 	Investments Existing on the Closing Date
	 
	 	8.03	 	Indebtedness Existing on the Closing Date
	 
	 	11.02	 	Certain Addresses for Notices
	 
	 	 	 	 
	EXHIBITS	 	 
	 
	 	 	 	 
	 
	 	2.01	 	Form of Incremental Term Loan Joinder Agreement
	 
	 	2.02	 	Form of Loan Notice
	 
	 	2.04	 	Form of Swing Line Loan Notice
	 
	 	2.11(a)(i)	 	Form of Revolving Note
	 
	 	2.11(a)(ii)	 	Form of Swing Line Note
	 
	 	2.11(a)(iii)	 	Form of Term Note
	 
	 	2.11(a)(iv)	 	Form of Incremental Term Note
	 
	 	7.02	 	Form of Compliance Certificate
	 
	 	7.12	 	Form of Joinder Agreement
	 
	 	11.06	 	Form of Assignment and Assumption

iv 

 

CREDIT AGREEMENT

     This CREDIT AGREEMENT is entered into as of November 21, 2007 among NAMEMEDIA, INC., a
Delaware corporation (the “Borrower”), the Guarantors (defined herein), the Lenders
(defined herein) and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C
Issuer.

     The Borrower has requested that the Lenders provide a credit facility for the purposes set
forth herein, and the Lenders are willing to do so on the terms and conditions set forth herein.

     In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

1.01 Defined Terms.

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

     “Acquisition”, by any Person, means the acquisition by such Person, in a single
transaction or in a series of related transactions, of all or any substantial portion of the
property of another Person or at least a majority of the Voting Stock of another Person, in each
case whether or not involving a merger or consolidation with such other Person and whether for
cash, property, services, assumption of Indebtedness, securities or otherwise.

     “Administrative Agent” means Bank of America in its capacity as administrative agent
under any of the Loan Documents, or any successor administrative agent.

     “Administrative Agent’s Office” means the Administrative Agent’s address and, as
appropriate, account as set forth on Schedule 11.02 or such other address or account as the
Administrative Agent may from time to time notify to the Borrower and the Lenders.

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

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

     “Aggregate Revolving Commitments” means the Revolving Commitments of all the Lenders.
The aggregate principal amount of the Aggregate Revolving Commitments in effect on the Closing Date
is THIRTY-FIVE MILLION DOLLARS ($35,000,000).

     “Agreement” means this Credit Agreement.

     “Agreement Not to Request Redemption” means that certain Agreement Not to Request
Redemption dated as of November 21, 2007 by and among the Borrower and certain holders of the
Borrower’s Series A Preferred Stock.

 

 

     “Applicable Percentage” means with respect to any Lender at any time, (a) with respect
to such Lender’s Revolving Commitment at any time, the percentage of the Aggregate Revolving
Commitments represented by such Lender’s Revolving Commitment at such time; provided that if the
commitment of each Lender to make Revolving Loans and the obligation of the L/C Issuer to make L/C
Credit Extensions have been terminated pursuant to Section 9.02 or if the Aggregate
Revolving Commitments have expired, then the Applicable Percentage of each Lender shall be
determined based on the Applicable Percentage of such Lender most recently in effect, giving effect
to any subsequent assignments, (b) with respect to such Lender’s portion of the outstanding Term
Loan at any time, the percentage of the outstanding principal amount of the Term Loan held by such
Lender at such time and (c) with respect to such Lender’s portion of the outstanding Incremental
Term Loan at any time, the percentage of the outstanding principal amount of the Incremental Term
Loan held by such Lender at such time. The initial Applicable Percentage of each Lender is set
forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable.

     “Applicable Rate” means (a) with respect to the Incremental Term Loan, the
percentage(s) per annum set forth in the Incremental Term Loan Joinder Agreement, (b) with respect
to the Term Loan, a percentage per annum equal to (i) for Eurodollar Rate Loans, 4.00% and (ii) for
Base Rate Loans, 3.00% and (c) with respect to Revolving Loans, Swing Line Loans, Letters of Credit
and the Commitment Fee, the following percentages per annum, based upon the Consolidated Net
Leverage Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent pursuant to Section 7.02(a):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Pricing 	 	Consolidated Net	 	 	 	Applicable Margin	 	Letter of
	Tier 	 	Leverage Ratio	 	Commitment Fee	 	LIBOR	 	Base Rate	 	Credit Fee
	I

	 	< 1.0:1.0
	 	 	0.50	%	 	 	3.00	%	 	 	2.00	%	 	 	3.00	%
	II

	 	> 1.0:1.0 but
< 2.0:1.0
	 	 	0.50	%	 	 	3.50	%	 	 	2.50	%	 	 	3.50	%
	III

	 	> 2.0:1.0
	 	 	0.50	%	 	 	4.00	%	 	 	3.00	%	 	 	4.00	%

Any increase or decrease in the Applicable Rate with respect to Revolving Loans, Swing Line Loans,
Letters of Credit and the Commitment Fee resulting from a change in the Consolidated Net Leverage
Ratio shall become effective as of the first Business Day immediately following the date a
Compliance Certificate is required to be delivered pursuant to Section 7.02(a);
provided, however, that if a Compliance Certificate is not delivered when due in
accordance with such Section, then, upon the request of the Required Lenders, Pricing Tier III
shall apply as of the first Business Day after the date on which such Compliance Certificate is
required to be delivered and shall continue to apply until the first Business Day immediately
following the date a Compliance Certificate is delivered in accordance with Section
7.02(a), whereupon the Applicable Rate with respect to Revolving Loans, Swing Line Loans,
Letters of Credit and the Commitment Fee shall be adjusted based upon the calculation of the
Consolidated Net Leverage Ratio contained in such Compliance Certificate. Notwithstanding the
foregoing, the Applicable Rate with respect to Revolving Loans, Swing Line Loans, Letters of Credit
and the Commitment Fee in effect from the Closing Date through the first Business Day immediately
following the date the Compliance Certificate is delivered pursuant to Section 7.02(a) for
the fiscal quarter ending December 31, 2007 shall be determined based upon Pricing Tier III.
Notwithstanding anything to the contrary contained in this definition, the determination of the
Applicable Rate for any period shall be subject to the provisions of Section 2.10(b).

2

 

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

     “Assignee Group” means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

     “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by
Section 11.06(b)), and accepted by the Administrative Agent, in substantially the form of
Exhibit 11.06 or any other form approved by the Administrative Agent.

     “Attributable Indebtedness” means, on any date, (a) in respect of any Capital Lease of
any Person, the capitalized amount thereof that would appear on a balance sheet of such Person
prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease, the
capitalized amount of the remaining lease payments under the relevant lease that would appear on a
balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were
accounted for as a Capital Lease and (c) in respect of any Securitization Transaction of any
Person, the outstanding principal amount of such financing, after taking into account reserve
accounts and making appropriate adjustments, determined by the Administrative Agent in its
reasonable judgment.

     “Audited Financial Statements” means the audited balance sheet of the Borrower and its
Subsidiaries for the fiscal year ended December 31, 2006, and the related statements of income or
operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its
Subsidiaries, including the notes thereto, audited by independent public accountants of recognized
national standing and prepared in conformity with GAAP.

     “Availability Period” means the period from and including the Closing Date to the
earliest of (a) the Maturity Date, (b) the date of termination of the Aggregate Revolving
Commitments pursuant to Section 2.06, and (c) the date of termination of the commitment of
each Lender to make Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions
pursuant to Section 9.02.

     “Bank of America” means Bank of America, N.A. and its successors.

     “BAS” means Banc of America Securities LLC, in its capacity as sole lead arranger and
book manager.

     “Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a)
the Federal Funds Rate plus 0.50% and (b) the rate of interest in effect for such day as
publicly announced from time to time by Bank of America as its “prime rate.” The “prime rate” is a
rate set by Bank of America based upon various factors including Bank of America’s costs and
desired return, general economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced rate. Any change in the
“prime rate” announced by Bank of America shall take effect at the opening of business on the day
specified in the public announcement of such change.

     “Base Rate Loan” means a Loan that bears interest based on the Base Rate.

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

     “Borrower Account” has the meaning specified in Section 2.08(d).

     “Borrower Materials” has the meaning specified in Section 7.02.

3

 

     “Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and,
in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders
pursuant to Section 2.01.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, the state
where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar Rate
Loan, means any such day on which dealings in Dollar deposits are conducted by and between banks in
the London interbank eurodollar market.

     “Businesses” means, at any time, a collective reference to the businesses operated by
the Borrower and its Subsidiaries at such time.

     “Capital Lease” means, as applied to any Person, any lease of any property by that
Person as lessee which, in accordance with GAAP, is required to be accounted for as a capital lease
on the balance sheet of that Person.

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

     “Cash Equivalents” means, as at any date, (a) securities issued or directly and fully
guaranteed or insured by the United States or any agency or instrumentality thereof (provided that
the full faith and credit of the United States is pledged in support thereof) having maturities of
not more than twelve months from the date of acquisition, (b) marketable securities issued by any
State of the United States of America or any local government or other political subdivision
thereof rated at least “AA” by S&P, or the equivalent thereof by Moody’s having maturities of not
more than one year from the date of acquisition; (c) Dollar denominated time deposits and
certificates of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing
having capital and surplus in excess of $500,000,000 or (iii) any bank whose short-term commercial
paper rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or
the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of
not more than 270 days from the date of acquisition, (d) commercial paper and variable or fixed
rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate
notes issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof)
or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within six
months of the date of acquisition, (e) repurchase agreements entered into by any Person with a bank
or trust company (including any of the Lenders) or recognized securities dealer having capital and
surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the
United States in which such Person shall have a perfected first priority security interest (subject
to no other Liens) and having, on the date of purchase thereof, a fair market value of at least
100% of the amount of the repurchase obligations and (f) Investments, classified in accordance with
GAAP as current assets, in money market investment programs registered under the Investment Company
Act of 1940 which are administered by reputable financial institutions having capital of at least
$500,000,000 and the portfolios of which are limited to Investments of the character described in
the foregoing subdivisions (a) through (e).

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

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

4

 

     (a) prior to a Qualifying IPO, the failure of the Control Group to maintain beneficial
ownership of at least a majority of the Equity Interests of the Borrower entitled to vote
for the members of the board of directors or equivalent governing body of the Borrower on a
fully diluted basis;

     (b) after a Qualifying IPO, any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding the Control
Group and any employee benefit plan of such person or its subsidiaries, and any person or
entity acting in its capacity as trustee, agent or other fiduciary or administrator of any
such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the
Securities Exchange Act of 1934, except that a person or group shall be deemed to have
“beneficial ownership” of all securities that such person or group has the right to acquire
(such right, an “option right”), whether such right is exercisable immediately or
only after the passage of time), directly or indirectly, of 35% of the Equity Interests of
the Borrower entitled to vote for members of the board of directors or equivalent governing
body of the Borrower on a fully diluted basis (and taking into account all such securities
that such person or group has the right to acquire pursuant to any option right);

     (c) during any period of 24 consecutive months, a majority of the members of the board
of directors or other equivalent governing body of the Borrower cease to be composed of
individuals (i) who were members of that board or equivalent governing body on the first day
of such period, (ii) whose election, appointment or nomination to that board or equivalent
governing body was approved by individuals referred to in clause (i) above constituting at
the time of such election, appointment or nomination at least a majority of that board or
equivalent governing body or (iii) whose election, appointment or nomination to that board
or other equivalent governing body was approved by individuals referred to in clauses (i)
and (ii) above constituting at the time of such election, appointment or nomination at least
a majority of that board or equivalent governing body (excluding, in the case of both
clause (ii) and clause (iii), any individual whose initial appointment or nomination for, or
assumption of office as, a member of that board or equivalent governing body occurs as a
result of an actual or threatened solicitation of proxies or consents for the election or
removal of one or more directors by any person or group other than a solicitation for the
election of one or more directors by or on behalf of the board of directors);

     (d) a “Deemed Liquidation Event” under and as defined in the Borrower’s Fifth Amended
and Restated Certificate of Incorporation; or

     (e) the failure of Highland Capital Partners VI-B LP, Highland Entrepreneurs’ Fund – VI
LP, Summit Investors VI LP, Summit Ventures VI-A LP, Summit Ventures VI-B LP, Summit VI
Advisors Fund LP and Summit VI Entrepreneurs Fund LP. (and any assignees of the interests of
any such Highland and Summit entities in the Existing Preferred Stock that have also agreed
to the terms of the Agreement Not to Request Redemption) to maintain ownership of at least
51% of the Existing Preferred Stock.

     “Closing Date” means the date hereof.

     “Collateral” means a collective reference to all real and personal property with
respect to which Liens in favor of the Administrative Agent, for the benefit of the Lenders, are
purported to be granted pursuant to and in accordance with the terms of the Collateral Documents.

5

 

     “Collateral Documents” means a collective reference to the Security Agreement, the
Pledge Agreement, the Mortgages and other security documents as may be executed and delivered by
the Loan Parties pursuant to the terms of Section 7.14.

     “Commitment” means, as to each Lender, the Revolving Commitment of such Lender, the
Term Loan Commitment of such Lender and/or the Incremental Term Loan Commitment of such Lender.

     “Commitment Fee” has the meaning specified in Section 2.09(a).

     “Compliance Certificate” means a certificate substantially in the form of Exhibit
7.02.

     “Consolidated Capital Expenditures” means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, all expenditures, that, in accordance with GAAP, are or
should be included in “purchase of property and equipment” or similar items reflected in the
consolidated statements of cash flows of the Borrower and its Subsidiaries; provided,
however, that Consolidated Capital Expenditures shall not include (a) expenditures made
with proceeds of any Involuntary Disposition to the extent such expenditures are used to purchase
property that is the same as or similar to the property subject to such Involuntary Disposition and
(b) Permitted Acquisitions.

     “Consolidated Cash Taxes” means, for any period, for the Borrower and its Subsidiaries
on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the
extent the same are paid in cash during such period.

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

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

     “Consolidated EBITDA” means, for any period, for the Borrower and its Subsidiaries on
a consolidated basis, an amount equal to Consolidated Net Income for such period plus the
following to the extent deducted in calculating such Consolidated Net Income: (a) Consolidated
Interest Charges for such period, (b) the provision for federal, state, local and foreign income
taxes payable by the Borrower and its Subsidiaries for such period, (c) depreciation and
amortization expense for such period (including without limitation amortization of domain name
registration rights but not including any domain name renewal fee expense), (d) non-cash stock
based employee compensation expenses for such period and (e) all non-cash, non-recurring expenses,
charges and losses (excluding any non-cash expenses, charges or losses related to receivables) for
such period which do not represent a cash item in such period or any future period, all as
determined in accordance with GAAP; provided, however, that Consolidated EBITDA for
the fiscal quarter periods ending March 31, 2007, June 30, 2007 and September 30, 2007 shall be
deemed to equal the amounts set forth on Schedule 1.01 opposite each such fiscal quarter
period.

     “Consolidated Fixed Charge Coverage Ratio” means, as of any date of determination, the
ratio of (a) the sum of (i) Consolidated EBITDA for the period of the four fiscal quarters most
recently ended for which the Borrower has delivered financial statements pursuant to Section
7.01(a) or (b) less (ii) Consolidated Capital Expenditures for such period to
(b) Consolidated Fixed Charges for the period of the four fiscal quarters most recently ended for
which the Borrower has delivered financial statements pursuant to Section 7.01(a) or
(b).

6

 

     “Consolidated Fixed Charges” means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, an amount equal to the sum of (i) Consolidated Cash Taxes for
such period plus (ii) the cash portion of Consolidated Interest Charges for such period
plus (iii) Consolidated Scheduled Funded Debt Payments for such period plus (iv)
the amount of cash dividends and other distributions made by the Borrower during such period
plus (v) the amount of any repurchases and/or redemptions of Equity Interests by the
Borrower during such period, all as determined in accordance with GAAP.

     “Consolidated Funded Indebtedness” means Funded Indebtedness of the Borrower and its
Subsidiaries on a consolidated basis determined in accordance with GAAP.

     “Consolidated Interest Charges” means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, an amount equal to the sum of (i) all interest, premium
payments, debt discount, fees, charges and related expenses in connection with borrowed money
(including capitalized interest) or in connection with the deferred purchase price of assets, in
each case to the extent treated as interest in accordance with GAAP, plus (ii) the portion
of rent expense with respect to such period under Capital Leases that is treated as interest in
accordance with GAAP plus (iii) the implied interest component of Synthetic Leases with
respect to such period plus (iv) any non-cash charges associated with accretion of
outstanding warrants which are properly recorded as interest expenses in accordance with GAAP.

     “Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the
four fiscal quarters most recently ended for which the Borrower has delivered financial statements
pursuant to Section 7.01(a) or (b).

     “Consolidated Net Income” means, for any period, for the Borrower and its Subsidiaries
on a consolidated basis, the net income of the Borrower and its Subsidiaries (excluding
extraordinary gains) for that period, as determined in accordance with GAAP.

     “Consolidated Net Leverage Ratio” means, as of any date of determination, the ratio of
(a) the sum of (i) Consolidated Funded Indebtedness as of such date less (ii) the aggregate
unrestricted cash in excess of $10,000,000 of the Borrower and its Subsidiaries as of such date to
(b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended for which
the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b).

     “Consolidated Scheduled Funded Debt Payments” means for any period for the Borrower
and its Subsidiaries on a consolidated basis, the sum of all scheduled payments of principal on
Consolidated Funded Indebtedness, as determined in accordance with GAAP. For purposes of this
definition, “scheduled payments of principal” (a) shall be determined without giving effect to any
reduction of such scheduled payments resulting from the application of any voluntary or mandatory
prepayments made during the applicable period, (b) shall be deemed to include the Attributable
Indebtedness in respect of Capital Leases, Securitization Transactions and Synthetic Leases and (c)
shall not include any voluntary prepayments or mandatory prepayments required pursuant to
Section 2.05.

     “Consolidated Working Capital” means, as of any date of determination, the excess of
Consolidated Current Assets over Consolidated Current Liabilities.

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

7

 

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

     “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. Without limiting the generality of the foregoing, a Person
shall be deemed to be Controlled by another Person if such other Person possesses, directly or
indirectly, power to vote 10% or more of the securities having ordinary voting power for the
election of directors, managing general partners or the equivalent.

     “Control Group” means the collective reference to Highland Capital Partners VI LP,
Highland Capital Partners VI-B LP, Highland Entrepreneurs’ Fund – VI LP, Summit Investors VI LP,
Summit Ventures VI-A LP, Summit Ventures VI-B LP, Summit VI Advisors Fund LP and Summit VI
Entrepreneurs Fund LP.

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

     “Debt Issuance” means the issuance by any Loan Party or any Subsidiary of any
Indebtedness other than Indebtedness permitted under Section 8.03.

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

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

     “Default Rate” means (a) when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if
any, applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest
rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan
plus 2% per annum, in each case to the fullest extent permitted by applicable Laws and (b)
when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus
2% per annum.

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Loans, participations in L/C Obligations or participations in Swing Line Loans required to be
funded by it hereunder within one Business Day of the date required to be funded by it hereunder,
(b) has otherwise failed to pay over to the Administrative Agent or any other Lender any other
amount required to be paid by it hereunder within one Business Day of the date when due, unless the
subject of a good faith dispute, or (c) has been deemed insolvent or become the subject of a
bankruptcy or insolvency proceeding.

     “Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any Sale and Leaseback Transaction) of any property by any Loan Party or any
Subsidiary (including the Equity Interests of any Subsidiary), including any sale, assignment,
transfer or other disposal, with or without recourse, of any notes or accounts receivable or any
rights and claims associated therewith, but excluding (a) the sale, lease, license, transfer or
other disposition in the ordinary course of business of surplus, obsolete or worn out property no
longer used or useful in the conduct of business of any Loan

8

 

Party and its Subsidiaries; (b) any sale, lease, license, transfer or other disposition of
property to any Loan Party or any Subsidiary; provided, that if the transferor of such
property is a Loan Party (i) the transferee thereof must be a Loan Party or (ii) to the extent such
transaction constitutes an Investment, such transaction is permitted under Section 8.02,
and (c) any Involuntary Disposition.

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

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any
state of the United States or the District of Columbia.

     “Earn Out Obligations” means, with respect to an Acquisition, all obligations of the
Borrower or any Subsidiary to make earn out or other contingency payments (including purchase price
adjustments, non-competition and consulting agreements, or other indemnity obligations) pursuant to
the documentation relating to such Acquisition. The amount of any Earn Out Obligations at the time
of determination shall be the aggregate amount, if any, of such Earn Out Obligations that are
required at such time under GAAP to be recognized as liabilities on the consolidated balance sheet
of the Borrower.

     “Eligible Assignee” means any Person that meets the requirements to be an assignee
under Section 11.06(b)(iv) and (v) (subject to such consents, if any, as may be
required under Section 11.06(b)(ii)).

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

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

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

     “Equity Issuance” means any issuance by any Loan Party or any Subsidiary to any Person
of its Equity Interests, other than (a) any issuance of its Equity Interests pursuant to the
exercise of options or warrants, (b) any issuance of its Equity Interests pursuant to the
conversion of any debt securities to equity or the conversion of any class equity securities to any
other class of equity securities and (c) any issuance of

9

 

options or warrants relating to its Equity Interests. The term “Equity Issuance” shall not be
deemed to include any Disposition.

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

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

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

     “Eurodollar Base Rate” means, for any Interest Period with respect to a Eurodollar
Rate Loan, the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source providing quotations
of BBA LIBOR as designated by the Administrative Agent from time to time) at approximately 11:00
a.m., London time, two Business Days prior to the commencement of such Interest Period, for Dollar
deposits (for delivery on the first day of such Interest Period) with a term equivalent to such
Interest Period. If such rate is not available at such time for any reason, then the “Eurodollar
Rate” for such Interest Period shall be the rate per annum determined by the Administrative Agent
to be the rate at which deposits in Dollars for delivery on the first day of such Interest Period
in same day funds in the approximate amount of the Eurodollar Rate Loan being made, continued or
converted by Bank of America and with a term equivalent to such Interest Period would be offered by
Bank of America’s London Branch to major banks in the London interbank eurodollar market at their
request at approximately 11:00 a.m. (London time) two Business Days prior to the commencement of
such Interest Period.

     “Eurodollar Rate” means, for any Interest Period with respect to any Eurodollar Rate
Loan, a rate per annum determined by the Administrative Agent to be equal to the quotient obtained
by dividing (a) the Eurodollar Base Rate for such Eurodollar Rate Loan for such Interest Period by
(b) one minus the Eurodollar Reserve Percentage for such Eurodollar Rate Loan for such
Interest Period.

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

     “Eurodollar Reserve Percentage” means, for any day during any Interest Period, the
reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such
day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB
for determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as
“Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall
be adjusted automatically as of the effective date of any change in the Eurodollar Reserve
Percentage.

10

 

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

     “Excess Cash Flow” means, for any period for the Borrower and its Subsidiaries, an
amount equal to the sum of (a) Consolidated EBITDA minus (b) Consolidated Capital
Expenditures paid in cash minus (c) any cash consideration and related fees and expenses
paid in connection with a Permitted Acquisition, minus (d) the cash portion of Consolidated
Interest Charges minus (e) Consolidated Cash Taxes minus (f) Consolidated Scheduled
Funded Debt Payments minus (g) the Consolidated Working Capital Adjustment, in each case on
a consolidated basis determined in accordance with GAAP.

     “Excluded Equity Issuance” means any Equity Issuance to a shareholder of the Borrower
existing on the Closing Date.

     “Excluded Property” means, with respect to any Loan Party, including any Person that
becomes a Loan Party after the Closing Date as contemplated by Section 7.12, (a) any owned
or leased real or personal property which is located outside of the United States unless reasonably
requested by the Administrative Agent or the Required Lenders, (b) any personal property
(including, without limitation, motor vehicles) in respect of which perfection of a Lien is not
either (i) governed by the Uniform Commercial Code or (ii) effected by appropriate evidence of the
Lien being filed in either the United States Copyright Office or the United States Patent and
Trademark Office, unless reasonably requested by the Administrative Agent or the Required Lenders,
(c) the Equity Interests of any direct Foreign Subsidiary of a Loan Party to the extent not
required to be pledged to secure the Obligations pursuant to Section 7.14(a), (d) any
property which, subject to the terms of Section 8.09, is subject to a Lien of the type
described in Section 8.01(i) pursuant to documents which prohibit such Loan Party from
granting any other Liens in such property and (e) any leasehold interest of any Loan Party in
office space.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the L/C
Issuer or any other recipient of any payment to be made by or on account of any obligation of the
Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction
(or any political subdivision thereof) under the laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable
Lending Office is located, (b) any branch profits taxes imposed by the United States or any similar
tax imposed by any other jurisdiction in which the Borrower is located, (c) in the case of a
Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section
11.13), any withholding tax that is imposed on amounts payable to such Foreign Lender at the
time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is
attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in
Law) to comply with Section 3.01(e), except to the extent that such Foreign Lender (or its
assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment),
to receive additional amounts from the Borrower with respect to such withholding tax pursuant to
Section 3.01(a), and (d) interest, additions to tax, and penalties applicable to taxes
described in clauses (a), (b) or (c) of this definition.

     “Existing Credit Agreement” means that certain Credit Agreement dated as of September
7, 2006 among the Borrower, certain subsidiaries of the Borrower, the lenders party thereto and
Goldman Sachs Credit Partners, L.P., as the arranger and the administrative agent, as amended or
modified from time to time.

     “Existing Preferred Stock” means the collective reference to the Series A Preferred
Stock and the Series Z Preferred Stock.

     “Facilities” means, at any time, a collective reference to the facilities and real
properties owned, leased or operated by any Loan Party or any Subsidiary.

11

 

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

     “Fee Letter” means the letter agreement, dated September 19, 2007 among the Borrower,
Bank of America and BAS.

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

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

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

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

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

     (a) all obligations for borrowed money, whether current or long-term (including the
Obligations) and all obligations of such Person evidenced by bonds, debentures, notes, loan
agreements or other similar instruments;

     (b) all purchase money Indebtedness;

     (c) the principal portion of all obligations under conditional sale or other title
retention agreements relating to property purchased by the Borrower or any Subsidiary (other
than customary reservations or retentions of title under agreements with suppliers entered
into in the ordinary course of business);

     (d) all obligations arising under letters of credit (including standby and commercial),
bankers’ acceptances, bank guaranties, surety bonds and similar instruments;

     (e) all obligations in respect of the deferred purchase price of property or services
(other than trade accounts payable in the ordinary course of business and, in each case, not
past due for more than 60 days after the date on which such trade account payable was
created), including, without limitation, any Earn Out Obligations recognized as a liability
on the balance sheet of the Borrower and its Subsidiaries in accordance with GAAP;

     (f) the Attributable Indebtedness of Capital Leases, Securitization Transactions and
Synthetic Leases;

12

 

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

     (h) all Funded Indebtedness of others secured by (or for which the holder of such
Funded Indebtedness has an existing right, contingent or otherwise, to be secured by) any
Lien on, or payable out of the proceeds of production from, property owned or acquired by
such Person, whether or not the obligations secured thereby have been assumed;

     (i) all Guarantees with respect to Funded Indebtedness of the types specified in
clauses (a) through (h) above of another Person; and

     (j) all Funded Indebtedness of the types referred to in clauses (a) through (i) above
of any partnership or joint venture (other than a joint venture that is itself a corporation
or limited liability company) in which such Person is a general partner or joint venturer,
except to the extent that Funded Indebtedness is expressly made non-recourse to such Person.

For purposes hereof, the amount of any direct obligation arising under letters of credit
(including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and
similar instruments shall be the maximum amount available to be drawn thereunder.

     “GAAP” means generally accepted accounting principles in the United States set forth
in the opinions and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board, consistently applied and as in effect from time to time.

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

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

13

 

reasonably anticipated liability in respect thereof as determined by the guaranteeing Person
in good faith. The term “Guarantee” as a verb has a corresponding meaning.

     “Guarantors” means each Domestic Subsidiary of the Borrower identified as a
“Guarantor” on the signature pages hereto and each other Person that joins as a Guarantor pursuant
to Section 7.12, together with their successors and permitted assigns.

     “Guaranty” means the Guaranty made by the Guarantors in favor of the Administrative
Agent and the Lenders pursuant to Article IV.

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

     “Honor Date” has the meaning set forth in Section 2.03(c).

     “Incremental Term Loan” shall have the meaning set forth in Section 2.01(c).

     “Incremental Term Loan Commitment” means, as to each Incremental Term Loan Lender, the
commitment of such Incremental Term Loan Lender to make the Incremental Term Loan hereunder
pursuant to the Incremental Term Loan Joinder Agreement; provided that, at any time after
the funding of the Incremental Term Loan, determinations of “Required Lenders” and of “Required
Incremental Term Loan Lenders” shall include the Outstanding Amount of the Incremental Term Loan.

     “Incremental Term Loan Joinder Agreement” means a joinder agreement, substantially in
the form of Exhibit 2.01, executed and delivered in accordance with the provisions of
Section 2.02(f).

     “Incremental Term Loan Lender” means each of the Persons identified as an “Incremental
Term Loan Lender” in the Incremental Term Loan Joinder Agreement, together with their respective
successors and assigns.

     “Incremental Term Loan Maturity Date” shall be as set forth in the Incremental Term
Loan Joinder Agreement.

     “Incremental Term Note” has the meaning specified in Section 2.11(a).

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

     (a) all Funded Indebtedness;

     (b) the Swap Termination Value of any Swap Contract;

     (c) all Guarantees with respect to outstanding Indebtedness of the types specified in
clauses (a) and (b) above of any other Person; and

     (d) all Indebtedness of the types referred to in clauses (a) through (c) above of any
partnership or joint venture (other than a joint venture that is itself a corporation or
limited liability company) in which the Borrower or a Subsidiary is a general partner or
joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or
such Subsidiary.

14

 

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Indemnitees” has the meaning specified in Section 11.04(b).

     “Information” has the meaning specified in Section 11.07.

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

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

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

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

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

     “Interim Financial Statements” has the meaning set forth in Section 5.01(c).

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

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests of
another Person or of the media content, domain names or domain name portfolios of another Person,
(b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or
other acquisition of any other debt or equity participation or interest in, another Person,
including any partnership or joint venture interest in such other Person and any arrangement
pursuant to which the investor Guarantees Indebtedness of such other Person, or (c) an Acquisition.
For purposes of covenant compliance, the amount of any Investment shall be the amount actually
invested, without adjustment for subsequent increases or decreases in the value of such Investment.

     “Involuntary Disposition” means any loss of, damage to or destruction of, or any
condemnation or other taking for public use of, any property of any Loan Party or any of its
Subsidiaries.

     “IP Rights” has the meaning specified in Section 6.17.

     “IRS” means the United States Internal Revenue Service.

15

 

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

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

     “Joinder Agreement” means a joinder agreement substantially in the form of Exhibit
7.12 executed and delivered by a Domestic Subsidiary in accordance with the provisions of
Section 7.12.

     “Laws” means, collectively, all international, foreign, federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.

     “L/C Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Applicable Percentage.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Borrowing of
Revolving Loans.

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

     “L/C Issuer” means Bank of America in its capacity as issuer of Letters of Credit
hereunder, or any successor issuer of Letters of Credit hereunder.

     “L/C Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate of all
Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available
to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.06. For all purposes of this Agreement, if on any date of
determination a Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be
deemed to be “outstanding” in the amount so remaining available to be drawn.

     “Lenders” means each of the Persons identified as a “Lender” on the signature pages
hereto and each Incremental Term Loan Lender and, as the context requires, includes the Swing Line
Lender.

     “Lending Office” means, as to any Lender, the office or offices of such Lender
described as such in such Lender’s Administrative Questionnaire, or such other office or offices as
a Lender may from time to time notify the Borrower and the Administrative Agent.

     “Letter of Credit” means any standby letter of credit issued hereunder.

     “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a letter of credit in the form from time to time in use by the L/C Issuer.

16

 

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

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

     “Letter of Credit Sublimit” means an amount equal to the lesser of (a) the Aggregate
Revolving Commitments and (b) $15,000,000. The Letter of Credit Sublimit is part of, and not in
addition to, the Aggregate Revolving Commitments.

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

     “Loan” means an extension of credit by a Lender to the Borrower under Article
II in the form of a Revolving Loan, Swing Line Loan, Term Loan or Incremental Term Loan.

     “Loan Documents” means this Agreement, each Note, each Issuer Document, each Joinder
Agreement, the Incremental Term Loan Joinder Agreement, the Collateral Documents and the Fee
Letter.

     “Loan Notice” means a notice of (a) a Borrowing of Loans, (b) a conversion of Loans
from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, in each case pursuant
to Section 2.02(a), which, if in writing, shall be substantially in the form of
Exhibit 2.02.

     “Loan Parties” means, collectively, the Borrower and each Guarantor.

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

     “Maturity Date” means November 21, 2012.

     “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

     “Mortgages” means the mortgages, deeds of trust or deeds to secure debt that purport
to grant to the Administrative Agent, for the benefit of the holders of the Obligations, a security
interest in the fee interest and/or leasehold interests of any Loan Party in real property (other
than Excluded Property) acquired or leased by a Loan Party subsequent to the Closing Date.

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

17

 

     “Net Cash Proceeds” means the aggregate cash or Cash Equivalents proceeds received by
any Loan Party or any Subsidiary in respect of any Disposition, Equity Issuance, Debt Issuance or
Involuntary Disposition, net of (a) direct costs incurred in connection therewith (including,
without limitation, legal, accounting and investment banking fees, and sales commissions), (b)
taxes paid or payable as a result thereof and (c) in the case of any Disposition, the amount
necessary to retire any Indebtedness secured by a Permitted Lien (ranking senior to any Lien of the
Administrative Agent) on the related property; it being understood that “Net Cash Proceeds” shall
include, without limitation, any cash or Cash Equivalents received upon the sale or other
disposition of any non-cash consideration received by any Loan Party or any Subsidiary in any
Disposition, Equity Issuance, Debt Issuance or Involuntary Disposition.

     “Note” or “Notes” means the Revolving Notes, the Swing Line Note, the Term
Notes and/or the Incremental Term Notes, individually or collectively, as appropriate.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan
or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute
or contingent, due or to become due, now existing or hereafter arising and including interest and
fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of
any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding. The foregoing
shall also include (a) all obligations under any Swap Contract between any Loan Party and any
Lender or Affiliate of a Lender that is permitted to be incurred pursuant to Section
8.03(d) and (b) all obligations under any Treasury Management Agreement between any Loan Party
and any Lender or Affiliate of a Lender.

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

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

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

     “Participant” has the meaning specified in Section 11.06(d).

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

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

     “Permitted Acquisitions” means Investments consisting of an Acquisition by any Loan
Party and/or a purchase of domain names and/or domain name portfolios by any Loan Party,
provided that (i) no Default shall have occurred and be continuing or would result from
such Acquisition or purchase, as applicable, (ii) the property acquired (or the property of the
Person acquired) in such Acquisition or purchase, as applicable, is used or useful in the same or a
similar line of business as the Borrower and its Subsidiaries were engaged in on the Closing Date
(or any reasonable extensions or expansions thereof), (iii) the Administrative Agent shall have
received all items in respect of the Equity Interests or property acquired in such Acquisition or
purchase, as applicable, required to be delivered by the terms of Section 7.12 and/or
Section 7.14, (iv) in the case of an Acquisition of the Equity Interests of another Person,
the board of directors (or other comparable governing body) of such other Person shall have duly
approved such Acquisition, (v) the representations and warranties made by the Loan Parties in each
Loan Document shall be true and correct in all material respects at and as if made as of the date
of such Acquisition or purchase, as applicable (after giving effect thereto) except to the extent
such representations and warranties expressly relate to an earlier date, (vi) if such Acquisition
involves the purchase of an interest in a partnership between the Borrower (or a Subsidiary) as a
general partner and entities unaffiliated with the Borrower or such Subsidiary as the other
partners, such Acquisition shall be effected by having such equity interest acquired by a corporate
holding company directly or indirectly wholly-owned by the Borrower newly formed for the sole
purpose of effecting such Acquisition, (vii) immediately after giving effect to such Acquisition or
purchase, as applicable, the Borrower shall have unrestricted cash and availability under the
Aggregate Revolving Commitments totaling at least $10,000,000, it being understood and agreed that
such availability under the Aggregate Revolving Commitments for purposes of this clause (vii) shall
be limited to the amount of Borrowings and L/C Extensions hereunder pursuant to the Aggregate
Revolving Commitments that if advanced or issued, as applicable, by the Lenders or L/C Issuer would
not cause the Borrower to be in violation of the Consolidated Net Leverage Ratio on a Pro Forma
Basis after giving effect to any such Credit Extension, (viii) in the case of an Acquisition or
purchase, as applicable, for which the aggregate consideration exceeds $5,000,000, (a) the Borrower
shall have delivered to the Administrative Agent a Pro Forma Compliance Certificate demonstrating
that, upon giving effect to such Acquisition or purchase, as applicable, on a Pro Forma Basis, the
Loan Parties would be in compliance with the financial covenants set forth in Section 8.11
as of the most recent fiscal quarter for which the Borrower was required to deliver financial
statements pursuant to Section 7.01(a) or (b) and (b) the Borrower shall have
delivered to the Administrative Agent pro forma financial statements for the Borrower and its
Subsidiaries after giving effect to such Acquisition or purchase, as applicable, for the twelve
month period ending as of the most recent fiscal quarter in a form satisfactory to the
Administrative Agent, and (ix) the aggregate consideration (including cash and non-cash
consideration, any assumption of Indebtedness, deferred purchase price and any Earn Out
Obligations) paid by the Loan Parties for any individual Acquisition or purchase (or series of
related Acquisitions or purchases) shall not exceed $25,000,000.

     “Permitted Investments” means, at any time, Investments by any Loan Party or any of
its Subsidiaries permitted to exist at such time pursuant to the terms of Section 8.02.

     “Permitted Liens” means, at any time, Liens in respect of property of any Loan Party
or any of its Subsidiaries permitted to exist at such time pursuant to the terms of Section
8.01.

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     “Permitted Preferred Stock” means (a) the 4,600,000 shares of Series A Convertible
Preferred Stock, $0.001 par value per share (the “Series A Preferred Stock”), and the
750,000 shares of Series Z Convertible Preferred Stock, $0.001 par value per share (the “Series
Z Preferred Stock”), issued by the Borrower pursuant to the terms of the Borrower’s Fifth
Amended and Restated Certificate of Incorporation and (b) any other preferred stock issued by the
Borrower subsequent to the Closing Date that does not have a cash dividend or a mandatory
redemption feature of any kind prior to the Maturity Date.

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

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

     “Platform” has the meaning specified in Section 7.02.

     “Pledge Agreement” means the pledge agreement dated as of the Closing Date executed in
favor of the Administrative Agent, for the benefit of the holders of the Obligations, by each of
the Loan Parties, as amended or modified from time to time in accordance with the terms hereof.

     “Preferred Stock” means the collective reference to the Series A Preferred Stock and
the Series Z Preferred Stock.

     “Pro Forma Basis” means, for purposes of calculating the financial covenants set forth
in Section 8.11 (including for purposes of determining the Applicable Rate) or for purposes
of determining compliance with Section 2.05(b)(iv), that any Disposition, Involuntary
Disposition, Acquisition (but specifically excluding for the avoidance of doubt any purchase of
domain names and/or domain name portfolios), Equity Issuance, Investment or Restricted Payment
shall be deemed to have occurred as of the first day of the most recent four fiscal quarter period
preceding the date of such transaction for which the Borrower was required to deliver financial
statements pursuant to Section 7.01(a) or (b). In connection with the foregoing,
(i)(a) with respect to any Disposition or Involuntary Disposition, income statement and cash flow
statement items (whether positive or negative) attributable to the property disposed of shall be
excluded to the extent relating to any period occurring prior to the date of such transaction and
(b) with respect to any Acquisition or Investment, income statement items attributable to the
Person or property acquired shall be included to the extent relating to any period applicable in
such calculations to the extent (A) such items are not otherwise included in such income statement
items for the Borrower and its Subsidiaries in accordance with GAAP or in accordance with any
defined terms set forth in Section 1.01 and (B) such items are supported by financial
statements or other information reasonably satisfactory to the Administrative Agent and (ii) any
Indebtedness incurred or assumed by the Borrower or any Subsidiary (including the Person or
property acquired) in connection with such transaction (A) shall be deemed to have been incurred as
of the first day of the applicable period and (B) if such Indebtedness has a floating or formula
rate, shall have an implied rate of interest for the applicable period for purposes of this
definition determined by utilizing the rate which is or would be in effect with respect to such
Indebtedness as at the relevant date of determination.

     “Pro Forma Compliance Certificate” means a certificate of a Responsible Officer of the
Borrower containing reasonably detailed calculations of the financial covenants set forth in
Section 8.11 as of the most recent fiscal quarter end for which the Borrower was required
to deliver financial statements pursuant to Section 7.01(a) or (b) after giving
effect to the applicable transaction on a Pro Forma Basis.

20

 

     “Qualifying IPO” means an underwritten primary public offering of the common stock of
the Borrower (i) pursuant to an effective registration statement filed with the United States
Securities and Exchange Commission in accordance with the Securities Act (whether alone or in
conjunction with a secondary public offering) and (ii) resulting in gross proceeds of at least
$50,000,000.

     “Register” has the meaning specified in Section 11.06(c).

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

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

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

     “Required Lenders” means, at any time, Lenders holding in the aggregate more than 50%
of (a) the unfunded Commitments and the outstanding Loans, L/C Obligations and participations
therein or (b) if the Commitments have been terminated, the outstanding Loans, L/C Obligations and
participations therein. The unfunded Commitments of, and the outstanding Loans held or deemed held
by, any Defaulting Lender shall be excluded for purposes of making a determination of Required
Lenders.

     “Responsible Officer” means the chief executive officer, president, chief financial
officer or vice president of finance of a Loan Party. Any document delivered hereunder that is
signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been
authorized by all necessary corporate, partnership and/or other action on the part of such Loan
Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such
Loan Party.

     “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests of any Loan Party or any
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Equity Interests or on account of any return of capital to
the Borrower’s stockholders, partners or members (or the equivalent Person thereof), or any setting
apart of funds or property for any of the foregoing.

     “Revolving Commitment” means, as to each Lender, its obligation to (a) make Revolving
Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C
Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount
at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on
Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a
party hereto, as applicable, as such amount may be adjusted from time to time in accordance with
this Agreement.

     “Revolving Loan” has the meaning specified in Section 2.01(a).

     “Revolving Note” has the meaning specified in Section 2.11(a).

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor thereto.

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     “Sale and Leaseback Transaction” means, with respect to any Loan Party or any
Subsidiary, any arrangement, directly or indirectly, with any Person whereby the Loan Party or such
Subsidiary shall sell or transfer any property used or useful in its business, whether now owned or
hereafter acquired, and thereafter rent or lease such property or other property that it intends to
use for substantially the same purpose or purposes as the property being sold or transferred.

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

     “Securitization” means a public or private offering by a Lender or any of its direct
or indirect Affiliates or their respective successors and assigns, of securities which represent an
interest in, or which are collateralized, in whole or in part, by the Loans and the Loan Documents.

     “Securitization Transaction” means, with respect to any Person, any financing
transaction or series of financing transactions (including factoring arrangements) pursuant to
which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer, or grant
a security interest in, accounts, payments, receivables, rights to future lease payments or
residuals or similar rights to payment to a special purpose subsidiary or affiliate of such Person.

     “Security Agreement” means the security agreement dated as of the Closing Date
executed in favor of the Administrative Agent, for the benefit of the holders of the Obligations,
by each of the Loan Parties, as amended or modified from time to time in accordance with the terms
hereof.

     “Series A Preferred Stock” has the meaning specified in the definition of
“Permitted Preferred Stock”.

     “Series Z Preferred Stock” has the meaning specified in the definition of
“Permitted Preferred Stock”.

     “Solvent” or “Solvency” means, with respect to any Person as of a particular
date, that on such date (a) such Person is able to pay its debts and other liabilities, contingent
obligations and other commitments as they mature in the ordinary course of business, (b) such
Person does not intend to, and does not believe that it will, incur debts or liabilities beyond
such Person’s ability to pay as such debts and liabilities mature in their ordinary course, (c)
such Person is not engaged in a business or a transaction, and is not about to engage in a business
or a transaction, for which such Person’s property would constitute unreasonably small capital
after giving due consideration to the prevailing practice in the industry in which such Person is
engaged or is to engage, (d) the fair value of the property of such Person is greater than the
total amount of liabilities, including, without limitation, contingent liabilities, of such Person
and (e) the present fair salable value of the assets of such Person is not less than the present
value of the amount that will be required to pay the probable liability of such Person on its debts
as they become absolute and matured. In computing the amount of contingent liabilities at any
time, it is intended that such liabilities will be computed at the amount which, in light of all
the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability.

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of Voting Stock is at
the time beneficially owned, or the management of which is otherwise controlled, directly, or
indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary
or Subsidiaries of the Borrower.

22

 

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

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

     “Swing Line Lender” means Bank of America in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder.

     “Swing Line Loan” has the meaning specified in Section 2.04(a).

     “Swing Line Loan Notice” means a notice of a Borrowing of Swing Line Loans pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit
2.04.

     “Swing Line Note” has the meaning specified in Section 2.11(a).

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $5,000,000 and (b)
the Aggregate Revolving Commitments. The Swing Line Sublimit is part of, and not in addition to,
the Aggregate Revolving Commitments.

     “Synthetic Lease” means any synthetic lease, tax retention operating lease,
off-balance sheet loan or similar off-balance sheet financing arrangement whereby the arrangement
is considered borrowed money indebtedness for tax purposes but is classified as an operating lease
or does not otherwise appear on a balance sheet under GAAP.

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

     “Term Loan” has the meaning set forth in Section 2.01(b).

     “Term Loan Commitment” means, as to each Lender, its obligation to make its portion of
the Term Loan to the Borrower pursuant to Section 2.01(b), in the principal amount set
forth opposite such

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Lender’s name on Schedule 2.01. The aggregate principal amount of the Term Loan
Commitments of all of the Lenders as in effect on the Closing Date is NINETY MILLION DOLLARS
($90,000,000).

     “Term Note” has the meaning specified in Section 2.11(a).

     “Threshold Amount” means $1,500,000.

     “Total Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving
Loans, all Swing Line Loans and all L/C Obligations.

     “Treasury Management Agreement” means any agreement governing the provision of
treasury or cash management services, including deposit accounts, overdraft, credit or debit card,
funds transfer, automated clearinghouse, zero balance accounts, returned check concentration,
controlled disbursement, lockbox, account reconciliation and reporting and trade finance services
and other cash management services.

     “Type” means, with respect to any Loan, its character as a Base Rate Loan or a
Eurodollar Rate Loan.

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

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

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

     “Voting Stock” means, with respect to any Person, Equity Interests issued by such
Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for
the election of directors (or persons performing similar functions) of such Person, even though the
right so to vote has been suspended by the happening of such a contingency.

     “Wholly Owned Subsidiary” means any Person 100% of whose Equity Interests are at the
time owned by the Borrower directly or indirectly through other Persons 100% of whose Equity
Interests are at the time owned, directly or indirectly, by the Borrower.

1.02 Other Interpretive Provisions.

     With reference to this Agreement and each other Loan Document, unless otherwise specified
herein or in such other Loan Document:

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

24

 

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

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

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

1.03 Accounting Terms.

     (a) Generally. Except as otherwise specifically prescribed herein, all accounting
terms not specifically or completely defined herein shall be construed in conformity with, and all
financial data (including financial ratios and other financial calculations) required to be
submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a
consistent basis, as in effect from time to time, applied in a manner consistent with that used in
preparing the Audited Financial Statements; provided, however, that calculations of Attributable
Indebtedness under any Synthetic Lease or the implied interest component of any Synthetic Lease
shall be made by the Borrower in accordance with accepted financial practice and consistent with
the terms of such Synthetic Lease.

     (b) Changes in GAAP. The Borrower will provide a written summary of material changes
in GAAP and in the consistent application thereof with each annual and quarterly Compliance
Certificate delivered in accordance with Section 7.02(a). If at any time any change in
GAAP would affect the computation of any financial ratio or requirement set forth in any Loan
Document, and either the 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.

     (c) Calculations. Notwithstanding the above, the parties hereto acknowledge and agree
that all calculations of the financial covenants in Section 8.11 (including for purposes of
determining the Applicable Rate and whether conditions to a Permitted Acquisition have been
satisfied) and the calculation of the Consolidated Leverage Ratio for purposes of determining
compliance with Section 2.05(b)(iv) shall be made on a Pro Forma Basis.

25

 

1.04 Rounding.

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

1.05 Times of Day.

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

1.06 Letter of Credit Amounts.

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

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

2.01 Commitments.

     (a) Revolving Loans. Subject to the terms and conditions set forth herein, each
Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower
in Dollars from time to time on any Business Day during the Availability Period in an aggregate
amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment;
provided, however, that after giving effect to any Borrowing of Revolving Loans,
(i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii)
the aggregate Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s
Applicable Percentage of the Outstanding Amount of all L/C Obligations plus such Lender’s
Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such
Lender’s Revolving Commitment. Within the limits of each Lender’s Revolving Commitment, and
subject to the other terms and conditions hereof, the Borrower may borrow under this Section
2.01, prepay under Section 2.05, and reborrow under this Section 2.01.
Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, or a combination thereof, as
further provided herein, provided, however, all Borrowings made on the Closing Date shall be made
as Base Rate Loans.

     (b) Term Loan. Subject to the terms and conditions set forth herein, each Lender
severally agrees to make its portion of the Term Loan (the “Term Loan”) to the Borrower in
Dollars on the Closing Date in an amount not to exceed such Lender’s Term Loan Commitment. Amounts
repaid on the Term Loan may not be reborrowed. The Term Loan may consist of Base Rate Loans or
Eurodollar Rate Loans or a combination thereof, as further provided herein, provided,
however, all Borrowings made on the Closing Date shall be made as Base Rate Loans.

     (c) Incremental Term Loan. Subject to Section 2.02(f), on the effective date
of the Incremental Term Loan Joinder Agreement, each Incremental Term Loan Lender severally agrees
to

26

 

make its portion of a term loan (the “Incremental Term Loan”) in a single advance to
the Borrower in the amount of its respective Incremental Term Loan Commitment as set forth in the
Incremental Term Loan Joinder Agreement; provided, however, that after giving
effect to such advances, the Outstanding Amount of the Incremental Term Loan shall not exceed the
aggregate amount of the Incremental Term Loan Committed Amounts of the Incremental Term Loan
Lenders. Amounts repaid on the Incremental Term Loan may not be reborrowed. The Incremental Term
Loan may consist of Base Rate Loans, Eurodollar Rate Loans, or a combination thereof, as the
Borrower may request.

2.02 Borrowings, Conversions and Continuations of Loans.

     (a) Each Borrowing, each conversion of Loans from one Type to the other, and each continuation
of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable notice to the Administrative
Agent, which may be given by telephone. Each such notice must be received by the Administrative
Agent not later than 11:00 a.m. (i) three Business Days prior to the requested date of any
Borrowing of, conversion to or continuation of, Eurodollar Rate Loans or of any conversion of
Eurodollar Rate Loans to Base Rate Loans, and (ii) on the requested date of any Borrowing of Base
Rate Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must
be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice,
appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of,
conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $1,000,000
or a whole multiple of $500,000 in excess thereof. Except as provided in Sections 2.03(c)
and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal
amount of $500,000 or a whole multiple of $250,000 in excess thereof. Each Loan Notice (whether
telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing, a
conversion of Loans from one Type to the other, or a continuation of Eurodollar Rate Loans, (ii)
the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be
a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv)
the Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if
applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to
specify a Type of a Loan in a Loan Notice or if the Borrower fails to give a timely notice
requesting a conversion or continuation, then the applicable Loans shall be made as, or converted
to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the
last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate
Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate
Loans in any Loan Notice, but fails to specify an Interest Period, it will be deemed to have
specified an Interest Period of one month.

     (b) Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each
Lender of the amount of its Applicable Percentage of the applicable Loans, and if no timely notice
of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify
each Lender of the details of any automatic conversion to Base Rate Loans as described in the
preceding subsection. In the case of a Borrowing, each Lender shall make the amount of its Loan
available to the Administrative Agent in immediately available funds at the Administrative Agent’s
Office not later than 1:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon
satisfaction of the applicable conditions set forth in Section 5.02 (and, if such Borrowing
is the initial Credit Extension, Section 5.01), the Administrative Agent shall make all
funds so received available to the Borrower in like funds as received by the Administrative Agent
either by (i) crediting the account of the Borrower on the books of Bank of America with the amount
of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions
provided to (and reasonably acceptable to) the Administrative Agent by the Borrower;
provided, however, that if, on the date of a Borrowing of Revolving Loans, there
are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the
payment in full of any such L/C Borrowings and second, shall be made available to the
Borrower as provided above.

27

 

     (c) Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted
only on the last day of the Interest Period for such Eurodollar Rate Loan. During the existence of
a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without
the consent of the Required Lenders, and the Required Lenders may demand that any or all of the
then outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans.

     (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of
such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent
shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in
determining the Base Rate promptly following the public announcement of such change.

     (e) After giving effect to all Borrowings, all conversions of Loans from one Type to the
other, and all continuations of Loans as the same Type, there shall not be more than 5 Interest
Periods in effect with respect to all Loans.

     (f) The Borrower may at any time and from time to time, upon prior written notice by the
Borrower to the Administrative Agent, increase the Commitments (but not the Letter of Credit
Sublimit or the Swing Line Sublimit) by up to FIFTY MILLION DOLLARS ($50,000,000) as follows:

     (i) Increase in Aggregate Revolving Commitments. The Borrower may, at any time
and from time to time, upon prior written notice by the Borrower to the Administrative Agent
increase the Aggregate Revolving Commitments by up to $15,000,000 (but not the Letter of
Credit Sublimit and the Swing Line Sublimit) with additional Revolving Commitments from any
existing Lender with a Revolving Commitment or new Revolving Commitments from any other
Person selected by the Borrower and reasonably acceptable to the Administrative Agent and
the L/C Issuer; provided that:

     (a) any such increase shall be in a minimum principal amount of $10,000,000 and
in integral multiples of $1,000,000 in excess thereof;

     (b) no Default or Event of Default shall exist and be continuing at the time of
any such increase;

     (c) no existing Lender shall be under any obligation to increase its Revolving
Commitment and any such decision whether to increase its Revolving Commitment shall
be in such Lender’s sole and absolute discretion;

     (d) (A) any new Lender shall join this Agreement by executing such joinder
documents required by the Administrative Agent and/or (B) any existing Lender
electing to increase its Revolving Commitment shall have executed a commitment
agreement satisfactory to the Administrative Agent; and

     (e) as a condition precedent to such increase, the Borrower shall deliver to
the Administrative Agent a certificate of each Loan Party dated as of the date of
such increase signed by a Responsible Officer of such Loan Party (A) certifying and
attaching the resolutions adopted by such Loan Party approving or consenting to such
increase and (B) in the case of the Borrower, certifying that, before and after
giving effect to such increase, (1) the representations and warranties contained in
Article VI and the other Loan Documents are true and correct in all material
respects on and as of the date of such increase, except to the extent that such
representations and warranties specifically refer to

28

 

an earlier date, in which case they are true and correct in all material
respects as of such earlier date, and except that for purposes of this Section
2.02(f), the representations and warranties contained in subsections (a) and (b)
of Section 6.05 shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 7.01,
and (2) no Default or Event of Default exists.

     The Borrower shall prepay any Loans owing by it and outstanding on the date of any such
increase (and pay any additional amounts required pursuant to Section 3.05) to the
extent necessary to keep the outstanding Loans ratable with any revised Revolving
Commitments arising from any nonratable increase in the Revolving Commitments under this
Section.

     (ii) Institution of Incremental Term Loan. The Borrower may, at any time, upon
prior written notice by the Borrower to the Administrative Agent, institute the Incremental
Term Loan; provided that

     (a) the Borrower (in consultation and coordination with the Administrative
Agent) shall obtain commitments for the amount of the increase from existing Lenders
or other Persons reasonably acceptable to the Administrative Agent, which Lenders
shall join in this Agreement as Incremental Term Loan Lenders by executing an
Incremental Term Loan Joinder Agreement or other agreement reasonably acceptable to
the Administrative Agent;

     (b) any such institution of the Incremental Term Loan shall be in a minimum
aggregate principal amount of $10,000,000 and integral multiples of $1,000,000 in
excess thereof;

     (c) no Default or Event of Default shall exist and be continuing at the time of
such institution; and

     (d) the Applicable Rate of each Incremental Term Loan shall be as set forth in
the Incremental Term Loan Joinder Agreement, provided that the Applicable
Rate for the Incremental Term Loan shall not be more than 25 basis points (0.25%)
more than the Applicable Rate of the Term Loan;

     (e) the Incremental Term Loan Maturity Date shall be as set forth in the
Incremental Term Loan Joinder Agreement, provided that such date shall not
be earlier than the Maturity Date;

     (f) the scheduled principal amortization payments under the Incremental Term
Loan shall be as set forth in the Incremental Term Loan Joinder Agreement;
provided that the weighted average life of the Incremental Term Loan shall
not be less than the weighted life to maturity of the Term Loan, in effect at such
time;

     (g) if any portion of the Incremental Term Loan is issued with original issue
discount, such original issue discount shall not exceed 75 basis points (0.75%) per
annum;

     (h) Schedule 2.01 shall be deemed revised to reflect the commitments
and commitment percentages of the Incremental Term Loan Lenders as set forth in the
Incremental Term Loan Joinder Agreement;

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     (i) as a condition precedent to such institution of the Incremental Term Loan
and the effectiveness of the Incremental Term Loan Joinder Agreement, the Borrower
shall deliver to the Administrative Agent a certificate of each Loan Party dated as
of the date of such institution and effectiveness (in sufficient copies for each
Lender) signed by a Responsible Officer of such Loan Party (I) certifying and
attaching the resolutions adopted by such Loan Party approving or consenting to the
Incremental Term Loan, and (II) in the case of the Borrower, certifying that, before
and after giving effect to the Incremental Term Loan, (x) the representations and
warranties contained in Article VI and the other Loan Documents are true and
correct in all material respects on and as of the date of such increase, except to
the extent that such representations and warranties specifically refer to an earlier
date, in which case they are true and correct in all material respects as of such
earlier date, and except that for purposes of this Section 2.02(f), the
representations and warranties contained in subsections (a) and (b) of Section
6.05 shall be deemed to refer to the most recent statements furnished pursuant
to clauses (a) and (b), respectively, of Section 7.01, and (y) no Default or
Event of Default exists.

2.03 Letters of Credit.

     (a) The Letter of Credit Commitment.

     (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from
time to time on any Business Day during the period from the Closing Date until the Letter of
Credit Expiration Date, to issue Letters of Credit in Dollars for the account of the
Borrower or any of its Subsidiaries, and to amend or extend Letters of Credit previously
issued by it, in accordance with subsection (b) below, and (2) to honor drawings under the
Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit
issued for the account of the Borrower or its Subsidiaries and any drawings thereunder;
provided that after giving effect to any L/C Credit Extension with respect to any
Letter of Credit, (x) the Total Revolving Outstandings shall not exceed the Aggregate
Revolving Commitments, (y) the aggregate Outstanding Amount of the Revolving Loans of any
Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all
L/C Obligations plus such Lender’s Applicable Percentage of the Outstanding Amount
of all Swing Line Loans shall not exceed such Lender’s Revolving Commitment and (z) the
Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit.
Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be
deemed to be a representation by the Borrower that the L/C Credit Extension so requested
complies with the conditions set forth in the proviso to the preceding sentence. Within the
foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to
obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during
the foregoing period, obtain Letters of Credit to replace Letters of Credit that have
expired or that have been drawn upon and reimbursed.

     (ii) The L/C Issuer shall not issue any Letter of Credit if:

     (A) subject to Section 2.03(b)(iii), the expiry date of such requested
Letter of Credit would occur more than twelve months after the date of issuance or
last extension, unless the Required Lenders have approved such expiry date; or

30

 

     (B) the expiry date of such requested Letter of Credit would occur after the
Letter of Credit Expiration Date, unless all the Lenders have approved such expiry
date.

     (iii) The L/C Issuer shall not be under any obligation to issue any Letter of Credit
if:

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

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

     (C) except as otherwise agreed by the Administrative Agent and the L/C Issuer,
such Letter of Credit is in an initial stated amount less than $250,000;

     (D) such Letter of Credit is to be denominated in a currency other than
Dollars; or

     (E) a default of any Lender’s obligations to fund under Section 2.03(c)
exists or any Lender is at such time a Defaulting Lender hereunder, unless the L/C
Issuer has entered into satisfactory arrangements with the Borrower or such Lender
to eliminate the L/C Issuer’s risk with respect to such Lender.

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

     (v) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of
Credit issued by it and the documents associated therewith, and the L/C Issuer shall have
all of the benefits and immunities (A) provided to the Administrative Agent in Article
X with respect to any acts taken or omissions suffered by the L/C Issuer in connection
with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents
pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used
in Article X included the L/C Issuer with respect to such acts or omissions, and (B)
as additionally provided herein with respect to the L/C Issuer.

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

     (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative
Agent) in the form of a Letter of Credit Application, appropriately completed and signed by
a Responsible

31

 

Officer of the Borrower. Such Letter of Credit Application must be received by the L/C
Issuer and the Administrative Agent not later than 11:00 a.m. at least five (5) Business
Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree
in a particular instance in their sole discretion) prior to the proposed issuance date or
date of amendment, as the case may be. In the case of a request for an initial issuance of
a Letter of Credit, such Letter of Credit Application shall specify in form and detail
satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of
Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof;
(D) the name and address of the beneficiary thereof; (E) the documents to be presented by
such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to
be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and
nature of the requested Letter of Credit; and (H) such other matters as the L/C Issuer may
require. In the case of a request for an amendment of any outstanding Letter of Credit,
such Letter of Credit Application shall specify in form and detail satisfactory to the L/C
Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof
(which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such
other matters as the L/C Issuer may require. Additionally, the Borrower shall furnish to
the L/C Issuer and the Administrative Agent such other documents and information pertaining
to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as
the L/C Issuer or the Administrative Agent may require.

     (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such Letter of Credit Application from the Borrower and, if
not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Unless the
L/C Issuer has received written notice from any Lender, the Administrative Agent or any Loan
Party, at least one Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in Article
V shall not be satisfied, then, subject to the terms and conditions hereof, the L/C
Issuer shall, on the requested date, issue a Letter of Credit for the account of the
Borrower or the applicable Subsidiary or enter into the applicable amendment, as the case
may be, in each case in accordance with the L/C Issuer’s usual and customary business
practices. Immediately upon the issuance of each Letter of Credit, each Lender shall be
deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C
Issuer a risk participation in such Letter of Credit in an amount equal to the product of
such Lender’s Applicable Percentage times the amount of such Letter of Credit.

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

32

 

writing) on or before the day that is seven Business Days before the Non-Extension Notice
Date (1) from the Administrative Agent that the Required Lenders have elected not to permit
such extension or (2) from the Administrative Agent, any Lender or the Borrower that one or
more of the applicable conditions specified in Section 5.02 is not then satisfied,
and in each case directing the L/C Issuer not to permit such extension.

     (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C
Issuer will also deliver to the Borrower and the Administrative Agent a true and complete
copy of such Letter of Credit or amendment.

     (c) Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of drawing
under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative
Agent thereof. Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under
a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse
the L/C Issuer through the Administrative Agent in an amount equal to the amount of such
drawing. If the Borrower fails to so reimburse the L/C Issuer by such time, the
Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the
unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Lender’s
Applicable Percentage thereof. In such event, the Borrower shall be deemed to have
requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount
equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in
Section 2.02 for the principal amount of Base Rate Loans, but subject to the
conditions set forth in Section 5.02 (other than the delivery of a Loan Notice) and
provided that, after giving effect to such Borrowing, the Total Revolving Outstandings shall
not exceed the Aggregate Revolving Commitments. Any notice given by the L/C Issuer or the
Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone
if immediately confirmed in writing; provided that the lack of such an immediate
confirmation shall not affect the conclusiveness or binding effect of such notice.

     (ii) Each Lender shall, upon receipt of any notice pursuant to Section
2.03(c)(i), make funds available to the Administrative Agent for the account of the L/C
Issuer at the Administrative Agent’s Office in an amount equal to its Applicable Percentage
of the Unreimbursed Amount not later than 1:00 p.m. on the Business Day specified in such
notice by the Administrative Agent, whereupon, subject to the provisions of Section
2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a
Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the
funds so received to the L/C Issuer.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Borrowing of Base Rate Loans because the conditions set forth in Section 5.02 cannot
be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the
L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so
refinanced, which L/C Borrowing shall be due and payable on demand (together with interest)
and shall bear interest at the Default Rate. In such event, each Lender’s payment to the
Administrative Agent for the account of the L/C Issuer pursuant to Section
2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C
Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.03.

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     (iv) Until a Lender funds its Revolving Loan or L/C Advance pursuant to this
Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of
Credit, interest in respect of such Lender’s Applicable Percentage of such amount shall be
solely for the account of the L/C Issuer.

     (v) Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the
L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section
2.03(c), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right
which such Lender may have against the L/C Issuer, the Borrower or any other Person for any
reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any other
occurrence, event or condition, whether or not similar to any of the foregoing;
provided, however, that each Lender’s obligation to make Revolving Loans
pursuant to this Section 2.03(c) is subject to the conditions set forth in
Section 5.02 (other than delivery by the Borrower of a Loan Notice). No such making
of an L/C Advance shall relieve or otherwise impair the obligation of the Borrower to
reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any
Letter of Credit, together with interest as provided herein.

     (vi) If any Lender fails to make available to the Administrative Agent for the account
of the L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing
provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment is required to the date on which such payment is
immediately available to the L/C Issuer at a rate per annum equal to the greater of the
Federal Funds Rate and a rate determined by the L/C Issuer in accordance with banking
industry rules on interbank compensation. A certificate of the L/C Issuer submitted to any
Lender (through the Administrative Agent) with respect to any amounts owing under this
clause (vi) shall be conclusive absent demonstrable error.

     (d) Repayment of Participations.

     (i) At any time after the L/C Issuer has made a payment under any Letter of Credit and
has received from any Lender such Lender’s L/C Advance in respect of such payment in
accordance with Section 2.03(c), if the Administrative Agent receives for the
account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or
interest thereon (whether directly from the Borrower or otherwise, including proceeds of
cash collateral applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such Lender its Applicable Percentage thereof (appropriately adjusted, in the
case of interest payments, to reflect the period of time during which such Lender’s L/C
Advance was outstanding) in the same funds as those received by the Administrative Agent.

     (ii) If any payment received by the Administrative Agent for the account of the L/C
Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the
circumstances described in Section 11.05 (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Lender shall pay to the
Administrative Agent for the account of the L/C Issuer its Applicable Percentage thereof on
demand of the Administrative Agent, plus interest thereon from the date of such
demand to the date such amount is returned by such Lender, at a rate per annum equal to the
Federal Funds Rate from time to time in effect. The obligations of the Lenders under this
clause shall survive the payment in full of the Obligations and the termination of this
Agreement.

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     (e) Obligations Absolute. The obligation of the Borrower to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

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

     (ii) the existence of any claim, counterclaim, setoff, defense or other right that the
Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of
such Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), the L/C Issuer or any other Person, whether in connection with this
Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement
or instrument relating thereto, or any unrelated transaction;

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

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

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

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

     (f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by such Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuer, the
Administrative Agent, any of their respective Related Parties nor any correspondent, participant or
assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in
connection herewith at the request or with the approval of the Lenders or the Required Lenders, as
applicable; (ii) any action taken or omitted in the absence of gross negligence or willful
misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document
or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all
risks of the acts or omissions of any beneficiary or transferee with respect to its use of any
Letter of Credit; provided, however, that this assumption is not intended to, and
shall not, preclude the Borrower’s pursuing such rights and remedies as it may have against the
beneficiary or

35

 

transferee at law or under any other agreement. None of the L/C Issuer, the Administrative
Agent, any of their respective Related Parties nor any correspondent, participant or assignee of
the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i)
through (v) of Section 2.03(e); provided, however, that anything in such
clauses to the contrary notwithstanding, the Borrower may have a claim against the L/C Issuer, and
the L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct,
as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower
proves were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s
willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary
of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of
Credit unless the L/C Issuer is prevented or prohibited from so paying as a result of any order or
directive of any court or other Governmental Authority. In furtherance and not in limitation of
the foregoing, the L/C Issuer may accept documents that appear on their face to be in order,
without responsibility for further investigation, regardless of any notice or information to the
contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any
instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be
invalid or ineffective for any reason.

     (g) Cash Collateral. Upon the request of the Administrative Agent, (i) if the L/C
Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing
has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any L/C
Obligation for any reason remains outstanding, the Borrower shall, in each case, immediately Cash
Collateralize the then Outstanding Amount of all L/C Obligations. Sections 2.05 and
9.02(c) set forth certain additional requirements to deliver Cash Collateral hereunder.
For purposes of this Section 2.03, Section 2.05 and Section 9.02(c),
“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the L/C Issuer and the Lenders, as collateral for the L/C Obligations,
cash or deposit account balances pursuant to documentation in form and substance satisfactory to
the Administrative Agent and the L/C Issuer (which documents are hereby consented to by the
Lenders). Derivatives of such term have corresponding meanings. The Borrower hereby grants to the
Administrative Agent, for the benefit of the L/C Issuer and the Lenders, a security interest in all
such cash, deposit accounts and all balances therein and all proceeds of the foregoing. Cash
Collateral shall be maintained in blocked, non-interest bearing deposit accounts with the
Administrative Agent.

     (h) Applicability of ISP. Unless otherwise expressly agreed by the L/C Issuer and the
Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing
Letter of Credit), the rules of the ISP shall apply to each Letter of Credit.

     (i) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance with its Applicable Percentage a Letter of Credit fee (the
“Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate
times the daily maximum amount available to be drawn under such Letter of Credit. For
purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount
of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of
Credit Fees shall be (i) computed on a quarterly basis in arrears and (ii) due and payable on the
first Business Day after the end of each March, June, September and December, commencing with the
first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit
Expiration Date and thereafter on demand. If there is any change in the Applicable Rate during any
quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and
multiplied by the Applicable Rate separately for each period during such quarter that such
Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, while
any Event of Default exists, upon the request of the Required Lenders, all Letter of Credit Fees
shall accrue at the Default Rate.

36

 

     (j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The
Borrower shall pay directly to the L/C Issuer for its own account a fronting fee with respect to
each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the actual
daily maximum amount available to be drawn under such Letter of Credit (whether or not such maximum
amount is then in effect under such Letter of Credit) and on a quarterly basis in arrears. Such
fronting fee shall be due and payable on the tenth Business Day after the end of each March, June,
September and December in respect of the most recently-ended quarterly period (or portion thereof,
in the case of the first payment), commencing with the first such date to occur after the issuance
of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For
purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount
of such Letter of Credit shall be determined in accordance with Section 1.06. In addition,
the Borrower shall pay directly to the L/C Issuer for its own account the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges, of the L/C
Issuer relating to letters of credit as from time to time in effect. Such customary fees and
standard costs and charges are due and payable on demand and are nonrefundable.

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

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

2.04 Swing Line Loans.

     (a) Swing Line Facility. Subject to the terms and conditions set forth herein, the
Swing Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section 2.04, to make loans (each such loan, a “Swing Line Loan”) to the Borrower
in Dollars from time to time on any Business Day during the Availability Period in an aggregate
amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding
the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the
Outstanding Amount of Revolving Loans and L/C Obligations of the Lender acting as Swing Line
Lender, may exceed the amount of such Lender’s Revolving Commitment; provided,
however, that after giving effect to any Swing Line Loan, (i) the Total Revolving
Outstandings shall not exceed the Aggregate Revolving Commitments, and (ii) the aggregate
Outstanding Amount of the Revolving Loans of any Lender, plus such Lender’s Applicable
Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable
Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s
Revolving Commitment, and provided, further, that the Borrower shall not use the
proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan. Within the foregoing
limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this
Section 2.04, prepay under Section 2.05, and reborrow under this Section
2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a Swing
Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to,
purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal
to the product of such Lender’s Applicable Percentage times the amount of such Swing Line
Loan.

     (b) Borrowing Procedures. Each Borrowing of Swing Line Loans shall be made upon the
Borrower’s irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be
given by telephone. Each such notice must be received by the Swing Line Lender and the
Administrative

37

 

Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the
amount to be borrowed, which shall be a minimum principal amount of $500,000 and integral multiples
of $100,000 in excess thereof, and (ii) the requested borrowing date, which shall be a Business
Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender
and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed and
signed by a Responsible Officer of the Borrower. Promptly after receipt by the Swing Line Lender
of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has also received
such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent
(by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any
Lender) prior to 2:00 p.m. on the date of the proposed Borrowing of Swing Line Loans (A) directing
the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in
the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the
applicable conditions specified in Article V is not then satisfied, then, subject to the
terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing
date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to
the Borrower.

     (c) Refinancing of Swing Line Loans.

     (i) The Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Borrower (which hereby irrevocably requests and authorizes the Swing Line
Lender to so request on its behalf), that each Lender make a Base Rate Loan in an amount
equal to such Lender’s Applicable Percentage of the amount of Swing Line Loans then
outstanding. Such request shall be made in writing (which written request shall be deemed
to be a Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein for the
principal amount of Base Rate Loans, but subject to the conditions set forth in Section
5.02 (other than the delivery of a Loan Notice) and provided that, after giving effect
to such Borrowing, the Total Revolving Outstandings shall not exceed the Aggregate Revolving
Commitments. The Swing Line Lender shall furnish the Borrower with a copy of the applicable
Loan Notice promptly after delivering such notice to the Administrative Agent. Each Lender
shall make an amount equal to its Applicable Percentage of the amount specified in such Loan
Notice available to the Administrative Agent in immediately available funds for the account
of the Swing Line Lender at the Administrative Agent’s Office not later than 1:00 p.m. on
the day specified in such Loan Notice, whereupon, subject to Section 2.04(c)(ii),
each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to
the Borrower in such amount. The Administrative Agent shall remit the funds so received to
the Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Borrowing of
Revolving Loans in accordance with Section 2.04(c)(i), the request for Base Rate
Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request
by the Swing Line Lender that each of the Lenders fund its risk participation in the
relevant Swing Line Loan and each Lender’s payment to the Administrative Agent for the
account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed
payment in respect of such participation.

     (iii) If any Lender fails to make available to the Administrative Agent for the account
of the Swing Line Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.04(c) by the time specified in Section
2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment

38

 

is required to the date on which such payment is immediately available to the Swing Line
Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate
determined by the Swing Line Lender in accordance with banking industry rules on interbank
compensation. A certificate of the Swing Line Lender submitted to any Lender (through the
Administrative Agent) with respect to any amounts owing under this clause (iii) shall be
conclusive absent demonstrable error.

     (iv) Each Lender’s obligation to make Revolving Loans or to purchase and fund risk
participations in Swing Line Loans pursuant to this Section 2.04(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right that such Lender may have against
the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section 5.02. No such purchase or funding of
risk participations shall relieve or otherwise impair the obligation of the Borrower to
repay Swing Line Loans, together with interest as provided herein.

     (d) Repayment of Participations.

     (i) At any time after any Lender has purchased and funded a risk participation in a
Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line
Loan, the Swing Line Lender will distribute to such Lender its Applicable Percentage of such
payment (appropriately adjusted, in the case of interest payments, to reflect the period of
time during which such Lender’s risk participation was funded) in the same funds as those
received by the Swing Line Lender.

     (ii) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line Lender under
any of the circumstances described in Section 11.05 (including pursuant to any
settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay
to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is
returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent
will make such demand upon the request of the Swing Line Lender. The obligations of the
Lenders under this clause shall survive the payment in full of the Obligations and the
termination of this Agreement.

     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender
funds its Revolving Loans that are Base Rate Loans or risk participation pursuant to this
Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan,
interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line
Lender.

     (f) Payments Directly to Swing Line Lender. The Borrower shall make all payments of
principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

2.05 Prepayments.

     (a) Voluntary Prepayments.

39

 

     (i) Loans. The Borrower may, upon notice from the Borrower to the
Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans,
the Term Loan and/or the Incremental Term Loan in whole or in part without premium or
penalty; provided that (A) such notice must be received by the Administrative Agent
not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of
Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such
prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole
multiple of $500,000 in excess thereof (or, if less, the entire principal amount thereof
then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of
$500,000 or a whole multiple of $250,000 in excess thereof (or, if less, the entire
principal amount thereof then outstanding); and (D) each prepayment of the Term Loan and the
Incremental Term Loan shall be applied ratably to the Term Loan and the Incremental Term
Loan, in each case to the remaining principal amortization payments of the Term Loan and the
Incremental Term Loan until paid in full. Each such notice shall specify the date and
amount of such prepayment and the Type(s) of Loans to be prepaid and whether the Loans to be
prepaid are the Revolving Loans, the Term Loan and/or the Incremental Term Loan. The
Administrative Agent will promptly notify each Lender of its receipt of each such notice,
and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice
is given by the Borrower, the Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein. Any
prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the
amount prepaid, together with any additional amounts required pursuant to Section
3.05. Each such prepayment shall be applied to the Loans of the Lenders in accordance
with their respective Applicable Percentages.

     (ii) Swing Line Loans. The Borrower may, upon notice to the Swing Line Lender
(with a copy to the Administrative Agent), at any time or from time to time, voluntarily
prepay Swing Line Loans in whole or in part without premium or penalty; provided
that (i) such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 1:00 p.m. on the date of the prepayment, and (ii) any such prepayment shall
be in a minimum principal amount of $500,000 or a whole multiple of $100,000 in excess
thereof (or, if less, the entire principal thereof then outstanding). Each such notice
shall specify the date and amount of such prepayment. If such notice is given by the
Borrower, the Borrower shall make such prepayment and the payment amount specified in such
notice shall be due and payable on the date specified therein.

     (b) Mandatory Prepayments of Loans.

     (i) Revolving Commitments. If for any reason the Total Revolving Outstandings
at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall
immediately prepay Revolving Loans and/or the Swing Line Loans and/or Cash Collateralize the
L/C Obligations in an aggregate amount equal to such excess; provided,
however, that the Borrower shall not be required to Cash Collateralize the L/C
Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full
of the Revolving Loans and the Swing Line Loans the Total Revolving Outstandings exceed the
Aggregate Revolving Commitments then in effect.

     (ii) Dispositions and Involuntary Dispositions. The Borrower shall prepay the
Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate
amount equal to 100% of the Net Cash Proceeds of all Dispositions and Involuntary
Dispositions. Notwithstanding the foregoing, with respect to any Disposition of a domain
name, the Borrower shall not have to make a prepayment of the Loans pursuant to this Section
2.05(b)(ii) unless the aggregate Net Cash

40

 

Proceeds received for the Disposition of any such domain name exceeds $800,000. Any
prepayment pursuant to this clause (ii) shall be applied as set forth in clause (vi) below.

     (iii) Debt Issuances. Immediately upon receipt by any Loan Party or any
Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrower shall prepay the
Loans and/or Cash Collateralize the L/C Obligations as hereafter provided in an aggregate
amount equal to 100% of such Net Cash Proceeds (such prepayment to be applied as set forth
in clause (vi) below).

     (iv) Equity Issuances. Immediately upon the receipt by any Loan Party or any
Subsidiary of the Net Cash Proceeds of any Equity Issuance (other than any Excluded Equity
Issuance), the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations
in an aggregate amount equal to 50% of such Net Cash Proceeds (such prepayment shall be
applied as set forth in clause (vi) below); provided, however, with respect
to any Net Cash Proceeds received from a Qualifying IPO, the Borrower shall only be required
to prepay the Loans and/or Cash Collateralize the L/C Obligations with such Net Cash
Proceeds in an aggregate amount equal to the lesser of (i) $25,000,000 and (ii) an amount
necessary to cause the Consolidated Leverage Ratio on a Pro Forma Basis after giving effect
to such prepayment to be less than or equal to 2.0 to 1.0.

     (v) Excess Cash Flow. Within ninety days after the end of each fiscal year
commencing with the fiscal year ending 2008, the Borrower shall prepay the Loans and Cash
Collateralize the L/C Obligations in an aggregate amount equal to 50% of Excess Cash Flow
for such fiscal year; provided, however, if the Consolidated Net Leverage
Ratio as of the last day of such fiscal year is less than 2.0 to 1.0, then the Borrowers
shall not be required to make the foregoing payment for such fiscal year (such prepayment
shall be applied as set forth in clause (vi) below); provided, further,
however, in any fiscal year where the Borrower is required to make a prepayment
with the Net Cash Proceeds of a Qualifying IPO pursuant to the terms of Section
2.05(b)(iv) above, the Borrower shall not be required to make a prepayment pursuant to
this clause (v) in such fiscal year.

     (vi) Application of Mandatory Prepayments. All amounts required to be paid
pursuant to this Section 2.05(b) shall be applied as follows:

     (A) with respect to all amounts prepaid pursuant to Section 2.05(b)(i),
to Revolving Loans and Swing Line Loans and (after all Revolving Loans and Swing
Line Loans have been repaid) to Cash Collateralize L/C Obligations;

     (B) with respect to all amounts prepaid pursuant to Sections 2.05(b)(ii),
(iii), (iv) and (v) first pro rata to the Term Loan and the
Incremental Term Loan (to the remaining principal amortization payments of each Loan
in the inverse order of maturity), then (after the Term Loan and the Incremental
Term Loan have been paid in full) to the Revolving Loans and then (after all
Revolving Loans have been repaid) to Cash Collateralize L/C Obligations.

Within the parameters of the applications set forth above, prepayments shall be
applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order
of Interest Period maturities. All prepayments under this Section 2.05(b)
shall be subject to Section 3.05, but otherwise without premium or penalty,
and shall be accompanied by interest on the principal amount prepaid through the
date of prepayment.

41

 

2.06 Termination or Reduction of Aggregate Revolving Commitments.

     (a) Optional Reductions. The Borrower may, upon notice to the Administrative Agent,
terminate the Aggregate Revolving Commitments, or from time to time permanently reduce the
Aggregate Revolving Commitments to an amount not less than the Outstanding Amount of Revolving
Loans, Swing Line Loans and L/C Obligations; provided that (i) any such notice shall be
received by the Administrative Agent not later than 12:00 noon five (5) Business Days prior to the
date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount
of $1,000,000 or any whole multiple of $500,000 in excess thereof and (iii) the Borrower shall not
terminate or reduce (A) the Aggregate Revolving Commitments if, after giving effect thereto and to
any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Aggregate
Revolving Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto, the
Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the
Letter of Credit Sublimit, or (C) the Swing Line Sublimit if, after giving effect thereto and to
any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the
Swing Line Sublimit.

     (b) Mandatory Reductions. If after giving effect to any reduction or termination of
Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing
Line Sublimit exceed the Aggregate Revolving Commitments at such time, the Letter of Credit
Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the
amount of such excess.

     (c) Notice. The Administrative Agent will promptly notify the Lenders of any
termination or reduction of the Letter of Credit Sublimit, Swing Line Sublimit or the Aggregate
Revolving Commitments under this Section 2.06. Upon any reduction of the Aggregate Revolving
Commitments, the Revolving Commitment of each Lender shall be reduced by such Lender’s Applicable
Percentage of such reduction amount. All fees in respect of the Aggregate Revolving Commitments
accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be
paid on the effective date of such termination.

2.07 Repayment of Loans.

     (a) Revolving Loans. The Borrower shall repay to the Lenders on the Maturity Date the
aggregate principal amount of all Revolving Loans outstanding on such date.

     (b) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to
occur of (i) the date within one (1) Business Day of demand therefor by the Swing Line Lender and
(ii) the Maturity Date.

     (c) Term Loan. The Borrower shall repay the outstanding principal amount of the Term
Loan in installments on the dates and in the amounts set forth in the table below (as such
installments may hereafter be adjusted as a result of prepayments made pursuant to Section
2.05), unless accelerated sooner pursuant to Section 9.02:

	 	 	 
	Payment Dates	 	Principal Amortization Payment
	March 31, 2008
	 	$1,125,000.00
	June 30, 2008
	 	$1,125,000.00
	September 30, 2008
	 	$1,125,000.00
	December 31, 2008
	 	$1,125,000.00

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	Payment Dates	 	Principal Amortization Payment
	March 31, 2009
	 	$1,687,500.00
	June 30, 2009
	 	$1,687,500.00
	September 30, 2009
	 	$1,687,500.00
	December 31, 2009
	 	$1,687,500.00
	March 31, 2010
	 	$2,250,000.00
	June 30, 2010
	 	$2,250,000.00
	September 30, 2010
	 	$2,250,000.00
	December 31, 2010
	 	$2,250,000.00
	March 31, 2011
	 	$3,375,000.00
	June 30, 2011
	 	$3,375,000.00
	September 30, 2011
	 	$3,375,000.00
	December 31, 2011
	 	$3,375,000.00
	March 31, 2012
	 	$14,062,500.00
	June 30, 2012
	 	$14,062,500.00
	September 30, 2012
	 	$14,062,500.00
	Maturity Date
	 	Outstanding Principal Balance of Term Loan

     (d) Incremental Term Loan. The Borrower shall repay the outstanding principal amount
of the Incremental Term Loan in the installments on the dates and in the amounts set forth in the
Incremental Term Loan Lender Joinder Agreement (as such installments may hereafter be adjusted as a
result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to
Section 9.02.

2.08 Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the sum of the Eurodollar Rate for such Interest Period plus the Applicable
Rate, (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from
the applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate and (iii) each Swing Line Loan shall bear interest on the outstanding principal
amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate
plus the Applicable Rate.

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

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

     (iii) Upon the request of the Required Lenders, while any Event of Default exists, the
Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder
at a fluctuating interest rate per annum at all times equal to the Default Rate to the
fullest extent permitted by applicable Laws.

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

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

     (d) On each date when the payment of any principal, interest or fees are due hereunder or
under any Note, the Borrower agrees to maintain on deposit in an ordinary checking account
maintained by the Borrower with the Administrative Agent (as such account shall be designated by
the Borrower in a written notice to the Administrative Agent from time to time, the “Borrower
Account”) an amount sufficient to pay such principal, interest or fees in full. The Borrower
hereby authorizes the Administrative Agent (i) to deduct automatically all principal, interest or
fees when due hereunder, or under the Notes form the Borrower Account, and (ii) if and to the
extent any payment under this Agreement or any other Loan Document is not made when due, to deduct
automatically any such amount from any or all of the accounts of the Borrower maintained with the
Administrative Agent. The Administrative Agent agrees to provide timely notice to Borrower of any
automatic deduction made pursuant to this Section 2.08(d).

2.09 Fees.

     In addition to certain fees described in subsections (i) and (j) of Section 2.03:

     (a) Commitment Fee. The Borrower shall pay to the Administrative Agent, for
the account of each Lender in accordance with its Applicable Percentage, a commitment fee
(the “Commitment Fee”) at a rate per annum equal to the product of (A) the
Applicable Rate times (B) the actual daily amount by which the Aggregate Revolving
Commitments exceed the sum of (1) the Outstanding Amount of Revolving Loans and (2) the
Outstanding Amount of L/C Obligations. The Commitment Fee shall accrue at all times during
the Availability Period, including at any time during which one or more of the conditions in
Article V is not met, and shall be due and payable quarterly in arrears on the last
Business Day of each March, June, September and December, commencing with the first such
date to occur after the Closing Date, and on the Maturity Date. The Commitment Fee shall be
calculated quarterly in arrears, and if there is any change in the Applicable Rate during
any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate
separately for each period during such quarter that such Applicable Rate was in effect. For
purposes of clarification, Swing Line Loans shall not be considered outstanding for purposes
of determining the unused portion of the Aggregate Revolving Commitments.

     (b) Fee Letter. The Borrower shall pay to BAS and the Administrative Agent for
their own respective accounts fees in the amounts and at the times specified in the Fee
Letter. Such fees shall be fully earned when paid and shall be non-refundable for any
reason whatsoever.

2.10 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.

     (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Bank
of America’s “prime rate” shall be made on the basis of a year of 365 or 366 days, as the case may
be, and actual days elapsed. All other computations of fees and interest shall be made on the
basis of a 360-day year and actual days elapsed (which results in more fees or interest, as
applicable, being paid than if computed on the basis of a 365-day year). Interest shall accrue on
each Loan for the day on which

44

 

the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which
the Loan or such portion is paid, provided that any Loan that is repaid on the same day on
which it is made shall, subject to Section 2.12(a), bear interest for one day. Each
determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive
and binding for all purposes, absent demonstrable error.

     (b) If, as a result of any restatement of or other adjustment to the financial statements of
the Borrower or for any other reason, the Borrower or the Lenders determine that (i) the
Consolidated Net Leverage Ratio as calculated by the Borrower as of any applicable date was
inaccurate and (ii) a proper calculation of the Consolidated Net Leverage Ratio would have resulted
in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to
pay to the Administrative Agent for the account of the Lenders, promptly on demand by the
Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief
with respect to the Borrower under the Debtor Relief Laws, automatically and without further action
by the Administrative Agent, any Lender or the L/C Issuer), an amount equal to the excess of the
amount of interest and fees that should have been paid for such period over the amount of interest
and fees actually paid for such period. This paragraph shall not limit the rights of the
Administrative Agent, any Lender or the L/C Issuer, as the case may be, under Section
2.03(c)(iii), 2.03(i) or 2.08(b) or under Article IX. The
Borrower’s obligations under this paragraph shall survive the termination of the Aggregate
Revolving Commitments and the repayment of all other Obligations hereunder.

2.11 Evidence of Debt.

     (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of
business. The accounts or records maintained by the Administrative Agent and each Lender shall be
conclusive absent demonstrable error of the amount of the Credit Extensions made by the Lenders to
the Borrower and the interest and payments thereon. Any failure to so record or any error in doing
so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay
any amount owing with respect to the Obligations. In the event of any conflict between the
accounts and records maintained by any Lender and the accounts and records of the Administrative
Agent in respect of such matters, the accounts and records of the Administrative Agent shall
control in the absence of demonstrable error. Upon the request of any Lender made through the
Administrative Agent, the Borrower shall execute and deliver to such Lender (through the
Administrative Agent) a promissory note, which shall evidence such Lender’s Loans in addition to
such accounts or records. Each such promissory note shall (i) in the case of Revolving Loans, be
substantially in the form of Exhibit 2.11(a)(i) (a “Revolving Note”), (ii) in the
case of Swing Line Loans, be substantially in the form of Exhibit 2.11(a)(ii) (a “Swing
Line Note”), (iii) in the case of the Term Loan, be substantially in the form of Exhibit
2.11(a)(iii) (a “Term Note”) and (iv) in the case of the Incremental Term Loan, be
substantially in the form of Exhibit 2.11(a)(iv) (an “Incremental Term Note”).
Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable),
amount and maturity of its Loans and payments with respect thereto.

     (b) In addition to the accounts and records referred to in subsection (a), each Lender and the
Administrative Agent shall maintain in accordance with its usual practice accounts or records
evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing
Line Loans. In the event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of demonstrable
error.

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2.12 Payments Generally; Administrative Agent’s Clawback.

     (a) General. All payments to be made by the Borrower shall be made without condition
or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly
provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent,
for the account of the respective Lenders to which such payment is owed, at the Administrative
Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date
specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable
Percentage (or other applicable share as provided herein) of such payment in like funds as received
by wire transfer to such Lender’s Lending Office. All payments received by the Administrative
Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. Subject to the definition of “Interest
Period”, if any payment to be made by the Borrower shall come due on a day other than a Business
Day, payment shall be made on the next following Business Day, and such extension of time shall be
reflected in computing interest or fees, as the case may be.

(b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the
Administrative Agent shall have received notice from a Lender prior to the proposed date of
any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans,
prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available
to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent
may assume that such Lender has made such share available on such date in accordance with
Section 2.02 (or, in the case of any Borrowing of Base Rate Loans, that such Lender
has made such share available in accordance with and at the time required by Section
2.02) 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 applicable Lender and
the Borrower severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount in immediately available funds 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 (A) in the case of a payment to be made by
such Lender, the greater of the Federal Funds Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation and
(B) in the case of a payment to be made by the Borrower, the interest rate applicable to
Base Rate Loans. If the Borrower and such Lender shall pay such interest to the
Administrative Agent for the same or an overlapping period, the Administrative Agent shall
promptly remit to the Borrower the amount of such interest paid by the Borrower for such
period. If such Lender pays its share of the applicable Borrowing to the Administrative
Agent, then the amount so paid shall constitute such Lender’s Loan included in such
Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower
may have against a Lender that shall have failed to make such payment to the Administrative
Agent.

     (ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the
Administrative Agent shall have received notice from the Borrower prior to the date on which
any payment is due to the Administrative Agent for the account of the Lenders or the L/C
Issuer hereunder that the Borrower will not make such payment, the Administrative Agent may
assume that the Borrower has made such payment on such date in accordance herewith and may,
in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case
may be, the amount due. In such event, if the Borrower has not in fact made such payment,
then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to
the Administrative Agent forthwith on demand the amount so distributed to such Lender or the
L/C Issuer, in immediately available funds with interest thereon, for each day from and
including the date such amount is distributed to it to but excluding the date of payment to
the Administrative Agent, at

46

 

the greater of the Federal Funds Rate and a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation.

     A notice of the Administrative Agent to any Lender or the Borrower with respect to any
amount owing under this subsection (b) shall be conclusive, absent demonstrable error.

     (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the
Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Article II, and such funds are not made available to the Borrower by the
Administrative Agent because the conditions to the applicable Credit Extension set forth in
Article V are not satisfied or waived in accordance with the terms hereof, the
Administrative Agent shall return such funds (in like funds as received from such Lender) to such
Lender, without interest.

     (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments
pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make
any Loan, to fund any such participation or to make any payment under Section 11.04(c) on
any date required hereunder shall not relieve any other Lender of its corresponding obligation to
do so on such date, and no Lender shall be responsible for the failure of any other Lender to so
make its Loan, to purchase its participation or to make its payment under Section 11.04(c).

     (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any
Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

2.13 Sharing of Payments by Lenders.

     If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of the Loans made by it, or the
participations in L/C Obligations or in Swing Line Loans held by it resulting in such Lender’s
receiving payment of a proportion of the aggregate amount of such Loans or participations and
accrued interest thereon greater than its pro rata share thereof as provided
herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent
of such fact, and (b) purchase (for cash at face value) participations in the Loans and
subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make such other
adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the
Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Loans and other amounts owing them, provided that:

     (i) if any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or
subparticipations shall be rescinded and the purchase price restored to the extent of such
recovery, without interest; and

     (ii) the provisions of this Section shall not be construed to apply to (x) any payment
made by the Borrower pursuant to and in accordance with the express terms of this Agreement
or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Loans or subparticipations in L/C Obligations or Swing Line
Loans to any assignee or participant, other than to the Borrower or any Subsidiary thereof
(as to which the provisions of this Section shall apply).

47

 

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

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY

3.01 Taxes.

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

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

     (c) Indemnification by the Loan Parties. The Loan Parties shall indemnify the
Administrative Agent, each Lender and the L/C Issuer, within 10 days after demand therefor, for the
full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section) paid by the
Administrative Agent, such Lender or the L/C Issuer, as the case may be, and any penalties,
interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to
the Borrower by a Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender or the L/C Issuer, shall be
conclusive absent demonstrable error.

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

     (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which the Borrower is resident
for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Loan Document shall deliver to the Borrower (with a copy to the
Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by
the Borrower or the Administrative Agent, such properly completed and executed documentation
prescribed by applicable law as will permit such payments to be made without withholding or at a
reduced rate of withholding. In addition, any Lender, if requested by the Borrower or the
Administrative Agent, shall deliver such other documentation prescribed

48

 

by applicable law or reasonably requested by the Borrower or the Administrative Agent as will
enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject
to backup withholding or information reporting requirements.

     Without limiting the generality of the foregoing, in the event that the Borrower is resident
for tax purposes in the United States, any Foreign Lender shall deliver to the Borrower and the
Administrative Agent (in such number of copies as shall be reasonably requested by the recipient)
on or prior to the date on which such Foreign Lender becomes a Lender under this 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) duly completed copies 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) duly completed copies of Internal Revenue Service Form W-8ECI,

     (iii) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Internal Revenue 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 Internal Revenue Code, (B) a “10 percent shareholder” of the Borrower
within the meaning of section 881(c)(3)(B) of the Internal Revenue Code, or (C) a
“controlled foreign corporation” described in section 881(c)(3)(C) of the Internal Revenue
Code and (y) duly completed copies of Internal Revenue Service Form W-8BEN, or

     (iv) any other form prescribed by applicable law as a basis for claiming exemption from
or a reduction in United States Federal withholding tax duly completed together with such
supplementary documentation as may be prescribed by applicable law to permit the Borrower to
determine the withholding or deduction required to be made.

     (f) Treatment of Certain Refunds. If the Administrative Agent, any Lender or the L/C
Issuer determines, in its sole discretion, that it has received a refund of any Taxes or Other
Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party
has paid additional amounts pursuant to this Section, it shall pay to such Loan Party an amount
equal to such refund (but only to the extent of indemnity payments made, or additional amounts
paid, by such Loan Party under this Section with respect to the Taxes or Other Taxes giving rise to
such refund), net of all out-of-pocket expenses of the Administrative Agent, such Lender or the L/C
Issuer, as the case may be, and without interest (other than any interest paid by the relevant
Governmental Authority with respect to such refund), provided that each Loan Party, upon
the request of the Administrative Agent, such Lender or the L/C Issuer, agrees to repay the amount
paid over to such Loan Party (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent, such Lender or the L/C Issuer in the
event the Administrative Agent, such Lender or the L/C Issuer is required to repay such refund to
such Governmental Authority. This subsection shall not be construed to require the Administrative
Agent, any Lender or the L/C Issuer to make available its tax returns (or any other information
relating to its taxes that it deems confidential) to the Borrower or any other Person.

3.02 Illegality.

     If any Lender determines that any Law has made it unlawful, or that any Governmental Authority
has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain
or fund Eurodollar Rate Loans, or to determine or charge interest rates based upon the Eurodollar
Rate, or any Governmental Authority has imposed material restrictions on the authority of such
Lender to purchase or

49

 

sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof
by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to
make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall
be suspended until such Lender notifies the Administrative Agent and the Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the
Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or,
if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans, either on the
last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to
maintain such Eurodollar Rate Loans. Upon any such prepayment or conversion, the Borrower shall
also pay accrued interest on the amount so prepaid or converted.

3.03 Inability to Determine Rates.

     If the Required Lenders determine that for any reason in connection with any request for a
Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not
being offered to banks in the London interbank eurodollar market for the applicable amount and
Interest Period of such Eurodollar Rate Loan, (b)  adequate and reasonable means do not exist for
determining the Eurodollar Base Rate for any requested Interest Period with respect to a proposed
Eurodollar Rate Loan, or (c) the Eurodollar Base Rate for any requested Interest Period with
respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to the
Lenders of funding such Loan, the Administrative Agent will promptly notify the Borrower and all
Lenders. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall
be suspended until the Administrative Agent revokes such notice. Upon receipt of such notice, the
Borrower may revoke any pending request for a Borrowing, conversion or continuation of Eurodollar
Rate Loans or, failing that, will be deemed to have converted such request into a request for a
Borrowing of Base Rate Loans in the amount specified therein.

3.04 Increased Costs.

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

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended or participated in by, any Lender (except any reserve requirement
reflected in the Eurodollar Rate or the L/C Issuer;

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

     (iii) impose on any Lender or the L/C Issuer or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurodollar Rate Loans made by such
Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any Eurodollar Rate Loan (or of maintaining its obligation to make any
such Loan), or to increase the cost to such Lender or the L/C Issuer of participating in,
issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate
in or to issue any Letter of

50

 

Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C
Issuer hereunder (whether of principal, interest or any other amount) then, upon request of
such Lender or the L/C Issuer, the Borrower will pay to such Lender or the L/C Issuer, as
the case may be, such additional amount or amounts as will compensate such Lender or the L/C
Issuer, as the case may be, for such additional costs incurred or reduction suffered.

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

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

     (d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer
to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a
waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided
that the Borrower shall not be required to compensate a Lender or the L/C Issuer pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more
than nine months prior to the date that such Lender or the L/C Issuer, 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 L/C Issuer’s intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period
referred to above shall be extended to include the period of retroactive effect thereof).

3.05 Compensation for Losses.

     Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the
Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss,
cost or expense incurred by it as a result of:

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

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

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     (c) any assignment of a Eurodollar Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Borrower pursuant to Section
11.13;

including any loss of anticipated profits and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the
deposits from which such funds were obtained. The Borrower shall also pay any customary
administrative fees charged by such Lender in connection with the foregoing.

     For purposes of calculating amounts payable by the Borrower to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by
it at the Eurodollar Base Rate used in determining the Eurodollar Rate for such Loan by a matching
deposit or other borrowing in the London interbank eurodollar market for a comparable amount and
for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded.

3.06 Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or the Borrower is required to pay any additional amount to any Lender
or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if
any Lender gives a notice pursuant to Section 3.02, then such Lender shall use reasonable
efforts to designate a different Lending Office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if,
in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce
amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the
future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and
(ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such designation or assignment.

     (b) Replacement of Lenders. If any Lender requests compensation under Section
3.04, or if the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, the Borrower
may replace such Lender in accordance with Section 11.13.

3.07 Survival.

     All of the Borrower’s obligations under this Article III shall survive termination of
the Aggregate Revolving Commitments and repayment of all other Obligations hereunder.

ARTICLE IV

GUARANTY

4.01 The Guaranty.

     Each of the Guarantors hereby jointly and severally guarantees to each Lender, each Affiliate
of a Lender that enters into a Swap Contract or a Treasury Management Agreement with a Loan Party,
and the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the
prompt payment of the Obligations in full when due (whether at stated maturity, as a mandatory
prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in
accordance with the terms thereof. The Guarantors hereby further agree that if any of the
Obligations are not paid in full when due (whether at stated maturity, as

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a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise),
the Guarantors will, jointly and severally, promptly pay the same, without any demand or notice
whatsoever, and that in the case of any extension of time of payment or renewal of any of the
Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a
mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in
accordance with the terms of such extension or renewal.

     Notwithstanding any provision to the contrary contained herein or in any other of the Loan
Documents, Swap Contracts or Treasury Management Agreements, the obligations of each Guarantor
under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal to
the largest amount that would not render such obligations subject to avoidance under the Debtor
Relief Laws or any comparable provisions of any applicable state law.

4.02 Obligations Unconditional.

     The obligations of the Guarantors under Section 4.01 are joint and several, absolute
and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability
of any of the Loan Documents, Swap Contracts or Treasury Management Agreements, or any other
agreement or instrument referred to therein, or any substitution, release, impairment or exchange
of any other guarantee of or security for any of the Obligations, and, to the fullest extent
permitted by applicable law, irrespective of any law or regulation or other circumstance whatsoever
which might otherwise constitute a legal or equitable discharge or defense of a surety or
guarantor, it being the intent of this Section 4.02 that the obligations of the Guarantors
hereunder shall be absolute and unconditional under any and all circumstances. Each Guarantor
agrees that such Guarantor shall have no right of subrogation, indemnity, reimbursement or
contribution against the Borrower or any other Guarantor for amounts paid under this
Article IV until such time as the Obligations (other than contingent indemnification
obligations that survive the termination of this Agreement) have been paid in full and the
Commitments have expired or terminated. Without limiting the generality of the foregoing, it is
agreed that, to the fullest extent permitted by law, the occurrence of any one or more of the
following shall not alter or impair the liability of any Guarantor hereunder, which shall remain
absolute and unconditional as described above:

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

     (b) any of the acts mentioned in any of the provisions of any of the Loan Documents,
any Swap Contract or Treasury Management Agreement between any Loan Party and any Lender, or
any Affiliate of a Lender, or any other agreement or instrument referred to in the Loan
Documents, such Swap Contracts or such Treasury Management Agreements shall be done or
omitted;

     (c) the maturity of any of the Obligations shall be accelerated, or any of the
Obligations shall be modified, supplemented or amended in any respect, or any right under
any of the Loan Documents, any Swap Contract or Treasury Management Agreement between any
Loan Party and any Lender, or any Affiliate of a Lender, or any other agreement or
instrument referred to in the Loan Documents, such Swap Contracts or such Treasury
Management Agreements shall be waived or any other guarantee of any of the Obligations or
any security therefor shall be released, impaired or exchanged in whole or in part or
otherwise dealt with;

     (d) any Lien granted to, or in favor of, the Administrative Agent or any Lender or
Lenders as security for any of the Obligations shall fail to attach or be perfected; or

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     (e) any of the Obligations shall be determined to be void or voidable (including,
without limitation, for the benefit of any creditor of any Guarantor) or shall be
subordinated to the claims of any Person (including, without limitation, any creditor of any
Guarantor).

     With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence,
presentment, demand of payment, protest and all notices whatsoever, and any requirement that the
Administrative Agent or any Lender exhaust any right, power or remedy or proceed against any Person
under any of the Loan Documents, any Swap Contract or any Treasury Management Agreement between any
Loan Party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument
referred to in the Loan Documents, such Swap Contracts or such Treasury Management Agreements, or
against any other Person under any other guarantee of, or security for, any of the Obligations.

4.03 Reinstatement.

     The obligations of the Guarantors under this Article IV shall be automatically
reinstated if and to the extent that for any reason any payment by or on behalf of any Person in
respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the
Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise,
and each Guarantor agrees that it will indemnify the Administrative Agent and each Lender on demand
for all reasonable costs and expenses (including, without limitation, the fees, charges and
disbursements of counsel) incurred by the Administrative Agent or such Lender in connection with
such rescission or restoration, including any such costs and expenses incurred in defending against
any claim alleging that such payment constituted a preference, fraudulent transfer or similar
payment under any bankruptcy, insolvency or similar law.

4.04 Certain Additional Waivers.

     Each Guarantor agrees that such Guarantor shall have no right of recourse to security for the
Obligations, except through the exercise of rights of subrogation pursuant to Section 4.02
and through the exercise of rights of contribution pursuant to Section 4.06.

4.05 Remedies.

     The Guarantors agree that, to the fullest extent permitted by law, as between the Guarantors,
on the one hand, and the Administrative Agent and the Lenders, on the other hand, the Obligations
may be declared to be forthwith due and payable as provided in Section 9.02 (and shall be
deemed to have become automatically due and payable in the circumstances provided in said
Section 9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or
other prohibition preventing such declaration (or preventing the Obligations from becoming
automatically due and payable) as against any other Person and that, in the event of such
declaration (or the Obligations being deemed to have become automatically due and payable), the
Obligations (whether or not due and payable by any other Person) shall forthwith become due and
payable by the Guarantors for purposes of Section 4.01. The Guarantors acknowledge and
agree that their obligations hereunder are secured in accordance with the terms of the Collateral
Documents and that the Lenders may exercise their remedies thereunder in accordance with the terms
thereof.

4.06 Rights of Contribution.

     The Guarantors agree among themselves that, in connection with payments made hereunder, each
Guarantor shall have contribution rights against the other Guarantors as permitted under applicable
law. Such contribution rights shall be subordinate and subject in right of payment to the
obligations of such Guarantors under the Loan Documents and no Guarantor shall exercise such rights
of contribution until all Obligations

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(other than contingent indemnification obligations that survive the termination of this
Agreement) have been paid in full and the Commitments have terminated.

4.07 Guarantee of Payment; Continuing Guarantee.

     The guarantee in this Article IV is a guaranty of payment and not of collection, is a
continuing guarantee, and shall apply to all Obligations whenever arising.

ARTICLE V

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

5.01 Conditions of Initial Credit Extension.

     This Agreement shall become effective upon, and the obligation of the L/C Issuer and each
Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following
conditions precedent:

     (a) Loan Documents. Receipt by the Administrative Agent of executed
counterparts of this Agreement and the other Loan Documents, each properly executed by a
Responsible Officer of the signing Loan Party and, in the case of this Agreement, by each
Lender.

     (b) Opinions of Counsel. Receipt by the Administrative Agent of favorable
opinions of legal counsel to the Loan Parties, addressed to the Administrative Agent and
each Lender, dated as of the Closing Date, and in form and substance satisfactory to the
Administrative Agent.

     (c) Financial Statements. The Administrative Agent shall have received:

     (i) unaudited consolidated financial statements of the Borrower and its
Subsidiaries for the fiscal quarter ended June 30, 2007, including balance sheets
and statements of income or operations, shareholders’ equity and cash flows (the
“Interim Financial Statements”); and

     (ii) financial projections for the Borrower and its Subsidiaries, prepared on a
quarterly basis, for fiscal years 2007 and 2008 and financial projections for the
Borrower and its Subsidiaries, prepared on an annual basis, covering the fiscal
years from 2009 2012, in each case in form and substance satisfactory to the
Lenders.

     (d) No Material Adverse Change. There shall not have occurred a material
adverse change since December 31, 2006 in the operations, business, assets or condition
(financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole.

     (e) Litigation. There shall not exist any action, suit, investigation or
proceeding pending or, to the knowledge of the Borrower, threatened in any court or before
an arbitrator or Governmental Authority that could reasonably be expected to have a Material
Adverse Effect.

     (f) Organization Documents, Resolutions, Etc. Receipt by the Administrative
Agent of the following, each of which shall be originals or facsimiles (followed promptly by
originals), in form and substance satisfactory to the Administrative Agent and its legal
counsel:

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     (i) copies of the Organization Documents of each Loan Party certified to be
true and complete as of a recent date by the appropriate Governmental Authority of
the state or other jurisdiction of its incorporation or organization, where
applicable, and certified by a secretary or assistant secretary of such Loan Party
to be true and correct as of the Closing Date;

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

     (iii) such documents and certifications as the Administrative Agent may
reasonably require to evidence that each Loan Party is duly organized or formed, and
is validly existing, in good standing and qualified to engage in business in its
state of organization or formation.

     (g) Perfection and Priority of Liens. Receipt by the Administrative Agent of
the following:

     (i) searches of Uniform Commercial Code filings in the jurisdiction of
formation of each Loan Party or where a filing would need to be made in order to
perfect the Administrative Agent’s security interest in the Collateral, copies of
the financing statements on file in such jurisdictions and evidence that no Liens
exist other than Permitted Liens;

     (ii) UCC financing statements for each appropriate jurisdiction as is
necessary, in the Administrative Agent’s reasonable judgment, to perfect the
Administrative Agent’s security interest in the Collateral;

     (iii) all certificates evidencing any certificated Equity Interests pledged to
the Administrative Agent pursuant to the Pledge Agreement, together with duly
executed in blank and undated stock powers attached thereto;

     (iv) searches of ownership of, and Liens on, intellectual property of each Loan
Party in the appropriate governmental offices;

     (v) duly executed notices of grant of security interest in the form required by
the Security Agreement as are necessary, in the Administrative Agent’s reasonable
judgment, to perfect the Administrative Agent’s security interest in the
intellectual property of the Loan Parties; and

     (vi) an electronic list of all domain names owned by the Loan Parties.

     (h) Evidence of Insurance. Receipt by the Administrative Agent of copies of
insurance policies or certificates of insurance of the Loan Parties evidencing liability and
casualty insurance meeting the requirements set forth in the Loan Documents, including, but
not limited to, naming the Administrative Agent as additional insured (in the case of
liability insurance) or loss payee (in the case of hazard insurance) on behalf of the
Lenders.

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     (i) Closing Certificate. Receipt by the Administrative Agent of a certificate
signed by a Responsible Officer of the Borrower certifying that (i) the conditions specified
in Sections 5.01(d) and (e) and Sections 5.02(a) and (b)
have been satisfied and (ii) the Borrower and its Subsidiaries (after giving effect to the
transactions contemplated hereby and the incurrence of Indebtedness related thereto) are
Solvent on a consolidated basis.

     (j) Termination of Existing Credit Agreement. Receipt by the Administrative
Agent of evidence that the Existing Credit Agreement concurrently with the Closing Date is
being terminated and all Liens securing obligations under the Existing Credit Agreement
concurrently with the Closing Date are being released.

     (k) Fees. Receipt by the Administrative Agent, BAS and the Lenders of any fees
required to be paid on or before the Closing Date.

     (l) Attorney Costs. Unless waived by the Administrative Agent, the Borrower
shall have paid all fees, charges and disbursements of counsel to the Administrative Agent
to the extent invoiced prior to or on the Closing Date, plus such additional amounts
of such fees, charges and disbursements as shall constitute its reasonable estimate of such
fees, charges and disbursements incurred or to be incurred by it through the closing
proceedings (provided that such estimate shall not thereafter preclude a final settling of
accounts between the Borrower and the Administrative Agent).

     (m) Other. Receipt by the Administrative Agent of such other documents,
instruments, agreements and information as reasonably requested by the Administrative Agent,
including, but not limited to, information regarding litigation, tax, accounting, labor,
insurance, pension liabilities (actual or contingent), real estate leases, material
contracts, debt agreements, property ownership, environmental matters, contingent
liabilities and management of the Borrower and its Subsidiaries; such information may
include, if reasonably requested by the Administrative Agent, asset appraisal reports and
written audits of accounts receivable, inventory, payables, controls and systems.

Without limiting the generality of the provisions of the last paragraph of Section 11.04, for
purposes of determining compliance with the conditions specified in this Section 5.01, each Lender
that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

5.02 Conditions to all Credit Extensions.

     The obligation of each Lender to honor any Request for Credit Extension (other than a Loan
Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar
Rate Loans) is subject to the following conditions precedent:

     (a) The representations and warranties of the Borrower and each other Loan Party
contained in Article VI or any other Loan Document, or which are contained in any
document furnished at any time under or in connection herewith or therewith, shall be true
and correct in all material respects on and as of the date of such Credit Extension, except
to the extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct as of such earlier date, and except that
for purposes of this Section 5.02, the representations and warranties contained in
subsections (a) and (b) of Section 6.05 shall be

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deemed to refer to the most recent statements furnished pursuant to clauses (a) and
(b), respectively, of Section 7.01.

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

     (c) The Administrative Agent and, if applicable, the L/C Issuer and/or the Swing Line
Lender shall have received a Request for Credit Extension in accordance with the
requirements hereof.

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

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     The Loan Parties represent and warrant to the Administrative Agent and the Lenders that:

6.01 Existence, Qualification and Power.

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

6.02 Authorization; No Contravention.

     The execution, delivery and performance by each Loan Party of each Loan Document to which such
Person is party have been duly authorized by all necessary corporate or other organizational
action, and do not (a) contravene the terms of any of such Person’s Organization Documents; (b)
conflict with or result in any breach or contravention of, or the creation of any Lien under, or
require any payment to be made under (i) any Contractual Obligation to which such Person is a party
or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any
order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such
Person or its property is subject; or (c) violate any Law (including, without limitation,
Regulation U or Regulation X issued by the FRB).

6.03 Governmental Authorization; Other Consents.

     No approval, consent, exemption, authorization, or other action by, or notice to, or filing
with, any Governmental Authority or any other Person is necessary or required in connection with
the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement
or any other Loan Document other than (i) those that have already been obtained and are in full
force and effect and (ii) filings to perfect the Liens created by the Collateral Documents.

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6.04 Binding Effect.

     Each Loan Document has been duly executed and delivered by each Loan Party that is party
thereto. Each Loan Document constitutes a legal, valid and binding obligation of each Loan Party
that is party thereto, enforceable against each such Loan Party in accordance with its terms.

6.05 Financial Statements; No Material Adverse Effect.

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

     (b) The Interim Financial Statements (i) were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii)
fairly present the financial condition of the Borrower and its Subsidiaries as of the date thereof
and their results of operations for the period covered thereby, subject, in the case of clauses (i)
and (ii), to the absence of footnotes and to normal year-end audit adjustments; and (iii) show all
material indebtedness and other liabilities, direct or contingent, of the Borrower and its
Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and
Indebtedness.

     (c) From the date of the Audited Financial Statements to and including the Closing Date, there
has been no Disposition by the Borrower or any Subsidiary, or any Involuntary Disposition, of any
material part of the business or property of the Borrower and its Subsidiaries, taken as a whole,
and no purchase or other acquisition by any of them of any business or property (including any
Equity Interests of any other Person) material in relation to the consolidated financial condition
of the Borrower and its Subsidiaries, taken as a whole, in each case, which is not reflected in the
foregoing financial statements or in the notes thereto and has not otherwise been disclosed in
writing to the Lenders on or prior to the Closing Date.

     (d) The financial statements delivered pursuant to Section 7.01(a) and (b) have been
prepared in accordance with GAAP (except as may otherwise be permitted under Section
7.01(a) and (b)) and present fairly (on the basis disclosed in the footnotes to such
financial statements) the consolidated financial condition, results of operations and cash flows of
the Borrower and its Subsidiaries as of the dates thereof and for the periods covered thereby.

     (e) Since December 31, 2006, there has been no event or circumstance, either individually or
in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

6.06 Litigation.

     There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of
the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in
equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any of
its Subsidiaries or against any of their properties or revenues that (a) purport to affect or
pertain to this Agreement or any other Loan Document, or any of the transactions contemplated
hereby or (b) if determined adversely, could reasonably be expected to have a Material Adverse
Effect.

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6.07 No Default.

     (a) Neither any Loan Party nor any Subsidiary is in default under or with respect to any
Contractual Obligation that could reasonably be expected to have a Material Adverse Effect.

     (b) No Default has occurred and is continuing.

6.08 Ownership of Property; Liens.

     Each of Loan Party and its Subsidiaries has good record and marketable title in fee simple to,
or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its
business, except for such defects in title as could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect. Each Loan Party and its Subsidiaries has
good record and marketable and transferable title in each of its domain names. The property of
each Loan Party and its Subsidiaries is subject to no Liens, other than Permitted Liens.

6.09 Environmental Compliance.

     Except as could not reasonably be expected to have a Material Adverse Effect:

     (a) Each of the Facilities and all operations at the Facilities are in compliance with
all applicable Environmental Laws, and there is no violation of any Environmental Law with
respect to the Facilities or the Businesses, and there are no conditions relating to the
Facilities or the Businesses that could give rise to liability under any applicable
Environmental Laws.

     (b) None of the Facilities contains, or has previously contained, any Hazardous
Materials at, on or under the Facilities in amounts or concentrations that constitute or
constituted a violation of, or could give rise to liability under, Environmental Laws.

     (c) Neither any Loan Party nor any Subsidiary has received any written or verbal notice
of, or inquiry from any Governmental Authority regarding, any violation, alleged violation,
non-compliance, liability or potential liability regarding environmental matters or
compliance with Environmental Laws with regard to any of the Facilities or the Businesses,
nor does any Responsible Officer of any Loan Party have knowledge or reason to believe that
any such notice will be received or is being threatened.

     (d) Hazardous Materials have not been transported or disposed of from the Facilities,
or generated, treated, stored or disposed of at, on or under any of the Facilities or any
other location, in each case by or on behalf any Loan Party or any Subsidiary in violation
of, or in a manner that would be reasonably likely to give rise to liability under, any
applicable Environmental Law.

     (e) No judicial proceeding or governmental or administrative action is pending or, to
the knowledge of the Loan Parties, threatened, under any Environmental Law to which any Loan
Party or any Subsidiary is or will be named as a party, nor are there any consent decrees or
other decrees, consent orders, administrative orders or other orders, or other
administrative or judicial requirements outstanding under any Environmental Law with respect
to any Loan Party, any Subsidiary, the Facilities or the Businesses.

     (f) There has been no release or threat of release of Hazardous Materials at or from
the Facilities, or arising from or related to the operations (including, without limitation,
disposal) of any Loan Party or any Subsidiary in connection with the Facilities or otherwise
in connection with the

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Businesses, in violation of or in amounts or in a manner that could give rise to
liability under Environmental Laws.

6.10 Insurance.

     The properties of the Loan Parties and their Subsidiaries are insured with financially sound
and reputable insurance companies not Affiliates of such Persons, in such amounts, with such
deductibles and covering such risks as are customarily carried by companies engaged in similar
businesses and owning similar properties in localities where the applicable Loan Party or the
applicable Subsidiary operates. The insurance coverage of the Loan Parties and their Subsidiaries
as in effect on the Closing Date is outlined as to carrier, policy number, expiration date, type,
amount and deductibles on Schedule 6.10.

6.11 Taxes.

     The Loan Parties and their Subsidiaries have filed all federal, state and other material tax
returns and reports required to be filed, and have paid all federal, state and other material
taxes, assessments, fees and other governmental charges levied or imposed upon them or their
properties, income or assets otherwise due and payable, except those which are being contested in
good faith by appropriate proceedings diligently conducted and for which adequate reserves have
been provided in accordance with GAAP. There is no proposed tax assessment against any Loan Party
or any Subsidiary that would, if made, have a Material Adverse Effect.

6.12 ERISA Compliance.

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Internal Revenue Code and other federal or state Laws. Each Plan that is intended to
qualify under Section 401(a) of the Internal Revenue Code has received a favorable determination
letter from the IRS or an application for such a letter is currently being processed by the IRS
with respect thereto and, to the knowledge of the Loan Parties, nothing has occurred which would
prevent, or cause the loss of, such qualification. Each Loan Party and each ERISA Affiliate have
made all required contributions to each Plan subject to Section 412 of the Internal Revenue Code,
and no application for a funding waiver or an extension of any amortization period pursuant to
Section 412 of the Internal Revenue Code has been made with respect to any Plan.

     (b) There are no pending or, to the best knowledge of the Loan Parties, threatened claims,
actions or lawsuits, or action by any Governmental Authority, with respect to any Pension Plan that
could be reasonably be expected to have a Material Adverse Effect. Neither the Borrower, any Loan
Party nor any ERISA Affiliate has engaged in any prohibited transaction or violated the fiduciary
responsibility rules with respect to any Plan that has resulted or could reasonably be expected to
result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability and (iii) no Loan Party or any ERISA Affiliate has engaged in a
transaction that could be subject to Section 4069 or 4212(c) of ERISA.

6.13 Subsidiaries.

     Set forth on Schedule 6.13 is a complete and accurate list as of the Closing Date of
each Subsidiary of any Loan Party, together with (i) jurisdiction of formation, (ii) number of
shares of each class of Equity Interests outstanding, (iii) number and percentage of outstanding
shares of each class owned (directly or indirectly) by any Loan Party or any Subsidiary and (iv)
number and effect, if exercised, of all outstanding

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options, warrants, rights of conversion or purchase and all other similar rights with respect
thereto. The outstanding Equity Interests of each Subsidiary of any Loan Party is validly issued,
fully paid and non-assessable.

6.14 Margin Regulations; Investment Company Act.

     (a) The Borrower is not engaged and will not engage, principally or as one of its important
activities, in the business of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock. Following the application of the proceeds of each Borrowing or drawing under each
Letter of Credit, not more than 25% of the value of the assets (either of the Borrower only or of
the Borrower and its Subsidiaries on a consolidated basis) subject to the provisions of Section
8.01 or Section 8.05 or subject to any restriction contained in any agreement or
instrument between the Borrower and any Lender or any Affiliate of any Lender relating to
Indebtedness and within the scope of Section 9.01(e) will be margin stock.

     (b) None of any Loan Party, any Person Controlling any Loan Party, or any Subsidiary is or is
required to be registered as an “investment company” under the Investment Company Act of 1940.

6.15 Disclosure.

     Each Loan Party has disclosed to the Administrative Agent and the Lenders all agreements,
instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject,
and all other matters known to it, that, individually or in the aggregate, could reasonably be
expected to result in a Material Adverse Effect. No report, financial statement, certificate or
other information furnished (whether in writing or orally) by or on behalf of any Loan Party to the
Administrative Agent or any Lender in connection with the transactions contemplated hereby and the
negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each
case, as modified or supplemented by other information so furnished) contains any material
misstatement of fact or omits to state any material fact necessary to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided
that, with respect to projected financial information, the Loan Parties represent only that such
information was prepared in good faith based upon assumptions believed to be reasonable at the
time.

6.16 Compliance with Laws.

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

6.17 Intellectual Property; Licenses, Etc.

     Each Loan Party and its Subsidiaries own, or possess the legal right to use, all of the
trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses
and other intellectual property rights (collectively, “IP Rights”) that are reasonably
necessary for the operation of their respective businesses. Set forth on Schedule 6.17 is
a list of all IP Rights registered or pending registration with the United States Copyright Office
or the United States Patent and Trademark Office and owned by each Loan Party as of the Closing
Date. Except for such claims and infringements that could not reasonably be expected to have a
Material Adverse Effect, no claim has been asserted and is pending by any Person

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challenging or questioning the use of any IP Rights or the validity or effectiveness of any IP
Rights, nor does any Loan Party know of any such claim, and, to the knowledge of the Loan Parties,
the use of any IP Rights by any Loan Party or any of its Subsidiaries or the granting of a right or
a license in respect of any IP Rights from any Loan Party or any of its Subsidiaries does not
infringe on the rights of any Person. As of the Closing Date, none of the IP Rights owned by any
of the Loan Parties or any of its Subsidiaries is subject to any licensing agreement or similar
arrangement except as set forth on Schedule 6.17.

6.18 Solvency.

     The Loan Parties are Solvent on a consolidated basis.

6.19 Perfection of Security Interests in the Collateral.

     The Collateral Documents create valid security interests in, and Liens on, the Collateral
purported to be covered thereby, which security interests and Liens are currently perfected
security interests and Liens, prior to all other Liens other than Permitted Liens.

6.20 Business Locations.

     Set forth on Schedule 6.20(a) is a list of all real property located in the United
States that is owned or leased by the Loan Parties as of the Closing Date. Set forth on
Schedule 6.20(b) is the tax payer identification number and organizational identification
number of each Loan Party as of the Closing Date. The exact legal name and state of organization
of each Loan Party is as set forth on the signature pages hereto. Except as set forth on
Schedule 6.20(c), no Loan Party has during the five years preceding the Closing Date (i)
changed its legal name, (ii) changed its state of formation, or (iii) been party to a merger,
consolidation or other change in structure.

6.21 Labor Matters.

     There are no collective bargaining agreements or Multiemployer Plans covering the employees of
any Loan Party or any Subsidiary as of the Closing Date and neither any Loan Party nor any
Subsidiary has suffered any strikes, walkouts, work stoppages or other material labor difficulty
within the last five years.

ARTICLE VII

AFFIRMATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other
than contingent indemnification obligations that survive the termination of this agreement)
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the
Loan Parties shall and shall cause each Subsidiary to:

7.01 Financial Statements.

     Deliver to the Administrative Agent, in form and detail reasonably satisfactory to the
Administrative Agent and the Required Lenders:

     (a) upon the earlier of the date that is ninety days after the end of each fiscal year
of the Borrower or the date such information is filed with the SEC, a consolidated balance
sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the
related consolidated statements of income or operations, shareholders’ equity and cash flows
for such fiscal year,

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setting forth in each case in comparative form the figures for the previous fiscal
year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied
by a report and opinion of Ernst & Young, LLP or another independent certified public
accountant of nationally recognized standing reasonably acceptable to the Required Lenders,
which report and opinion shall be prepared in accordance with generally accepted auditing
standards 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; and

     (b) upon the earlier of the date that is forty-five days after the end of each of the
first three fiscal quarters of each fiscal year of the Borrower or the date such information
is filed with the SEC, a consolidated and consolidating balance sheet of the Borrower and
its Subsidiaries as at the end of such fiscal quarter, and the related consolidated and
consolidating statements of income or operations, shareholders’ equity and cash flows for
such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting
forth in each case in comparative form the figures for the corresponding fiscal quarter of
the previous fiscal year and the corresponding portion of the previous fiscal year, all in
reasonable detail and certified by a Responsible Officer of the Borrower as fairly
presenting in all material respects the financial condition, results of operations,
shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with
GAAP, subject only to normal year-end audit adjustments and the absence of footnotes.

7.02 Certificates; Other Information.

     Deliver to the Administrative Agent, in form and detail satisfactory to the Administrative
Agent and the Required Lenders:

     (a) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and (b), a duly completed Compliance Certificate signed by
a Responsible Officer of the Borrower;

     (b) at least 30 days after the end of each fiscal year of the Borrower, beginning with
the fiscal year ending December 31, 2008, an annual business plan and budget of the Borrower
and its Subsidiaries containing, among other things, pro forma financial statements for each
quarter of the next fiscal year;

     (c) after a Qualifying IPO, promptly after the same are available, copies of each
annual report, proxy or financial statement or other report or communication sent to the
equityholders of any Loan Party, and copies of all annual, regular, periodic and special
reports and registration statements which a Loan Party may file or be required to file with
the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, and not otherwise
required to be delivered to the Administrative Agent pursuant hereto;

     (d) promptly after any reasonable request by the Administrative Agent, copies of any
management letters or recommendations submitted to the board of directors (or the audit
committee of the board of directors) of the Borrower by independent accountants in
connection with the accounts or books of the Borrower or any Subsidiary, or any audit of any
of them;

     (e) promptly after the furnishing thereof, copies of any statement or report furnished
to any holder of debt securities of any Loan Party or any Subsidiary thereof pursuant to the
terms of any indenture, loan or credit or similar agreement and not otherwise required to be
furnished to the Lenders pursuant to Section 7.01 or any other clause of this
Section 7.02;

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     (f) promptly, and in any event within five Business Days after receipt thereof by any
Loan Party or any Subsidiary thereof, copies of each notice or other correspondence received
from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any
investigation or inquiry by such agency regarding financial or other operational results of
any Loan Party or any Subsidiary thereof;

     (g) promptly, such additional information regarding the business, financial or
corporate affairs of any Loan Party or any Subsidiary, or compliance with the terms of the
Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably
request;

     (h) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and (b), a certificate of a Responsible Officer of the
Borrower (i) listing (A) all applications, if any, for Copyrights, Patents or Trademarks
(each such term as defined in the Security Agreement) made since the date of the prior
certificate (or, in the case of the first such certificate, the Closing Date), (B) all
issuances of registrations or letters on existing applications for Copyrights, Patents and
Trademarks (each such term as defined in the Security Agreement) received since the date of
the prior certificate (or, in the case of the first such certificate, the Closing Date), and
(C) all Trademark Licenses, Copyright Licenses and Patent Licenses (each such term as
defined in the Security Agreement) entered into since the date of the prior certificate (or,
in the case of the first such certificate, the Closing Date), and (ii) attaching the
insurance binder or other evidence of insurance for any insurance coverage of any Loan Party
or any Subsidiary that was renewed, replaced or modified during the period covered by such
financial statements;

     (i) concurrently with the delivery of the financial statements referred to in
Sections 7.01(a) and (b), a certificate of a Responsible Officer of the
Borrower (A) listing any written claim by a third party received by any Loan Party under the
Lanham Act, through a Uniform Domain Name Dispute Resolution Proceeding or court proceeding,
that a Loan Party or any Subsidiary does not own or have the right to use any domain name or
names and (B) identifying the number of domain names owned by the Loan Parties as of the
date of such certificate; and

     (j) promptly, upon the request of the Administrative Agent made no more frequently than
once per calendar quarter, an updated list of all domain names owned by each Loan Party
(which list may be sent to the Administrative Agent electronically).

     Documents required to be delivered pursuant to Section 7.01(a) or (b) or
Section 7.02 (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 the website address listed on Schedule 11.02; or
(ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet
website, if any, to which each Lender and the Administrative Agent have 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 or
any Lender that requests the Borrower to deliver such paper copies until a written request to cease
delivering paper copies is given by the Administrative Agent 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. Notwithstanding anything contained herein, in every
instance the Borrower shall be required to provide paper copies of the Compliance Certificates
required by Section 7.02(a) to the Administrative Agent. Except for such Compliance
Certificates, the Administrative Agent

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shall have no obligation to request the delivery or to maintain 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 each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents.

     The Borrower hereby acknowledges that (a) the Administrative Agent and/or BAS will make
available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf
of the Borrower hereunder (collectively, the “Borrower Materials”) by posting the Borrower
Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) 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”).
The Borrower hereby agrees that (w) all Borrower Materials that are to be made available to Public
Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the
word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials
“PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, BAS 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 (provided, however, that to the extent such Borrower Materials
constitute Information, they shall be treated as set forth in Section 11.07); (y) all
Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the
Platform designated as “Public Investor;” and (z) the Administrative Agent and BAS 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 marked as “Public Investor.”

7.03 Notices.

     (a) Promptly (and in any event, within two Business Days) notify the Administrative Agent of
the occurrence of any Default.

     (b) Promptly (and in any event, within five Business Days) notify the Administrative Agent of
any matter that has resulted or could reasonably be expected to result in a Material Adverse
Effect, including (i) breach or non-performance of, or any default under, a Contractual Obligation
of any Loan Party or any Subsidiary; (ii) any dispute, litigation, investigation, proceeding or
suspension between any Loan Party or any Subsidiary and any Governmental Authority; or (iii) the
commencement of, or any material development in, any litigation or proceeding affecting any Loan
Party or any Subsidiary, including pursuant to any applicable Environmental Laws.

     (c) Promptly (and in any event, within five Business Days) notify the Administrative Agent of
the occurrence of any ERISA Event.

     (d) Promptly (and in any event, within five Business Days) notify the Administrative Agent of
any material change in accounting policies or financial reporting practices by the Borrower or any
Subsidiary, including any determination by the Borrower referred to in Section 2.10(b).

     (e) Upon the reasonable written request of the Administrative Agent following the occurrence
of any event or the discovery of any condition which the Administrative Agent or the Required
Lenders reasonably believe has caused (or could be reasonably expected to cause) the
representations and warranties set forth in Section 6.09 to be untrue in any material
respect, furnish or cause to be furnished to the Administrative Agent, at the Loan Parties’
expense, a report of an environmental assessment of reasonable scope, form and depth, (including,
where appropriate, invasive soil or groundwater sampling) by a consultant reasonably acceptable to
the Administrative Agent as to the nature and extent of the presence of any Materials of
Environmental Concern on any Real Properties (as defined in Section 6.09) and as to the

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compliance by any Loan Party or any of its Subsidiaries with Environmental Laws at such Real
Properties. If the Loan Parties fail to deliver such an environmental report within seventy-five
(75) days after receipt of such written request then the Administrative Agent may arrange for the
same, and the Loan Parties hereby grant to the Administrative Agent and its representatives access
to the Real Properties to reasonably undertake such an assessment (including, where appropriate,
invasive soil or groundwater sampling). The reasonable cost of any assessment arranged for by the
Administrative Agent pursuant to this provision will be payable by the Loan Parties on demand and
added to the obligations secured by the Collateral Documents.

     Each notice pursuant to this Section 7.03(a) through (e) shall be accompanied
by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence
referred to therein and stating what action the applicable Loan Party has taken and proposes to
take with respect thereto. Each notice pursuant to Section 7.03(a) shall describe with
particularity any and all provisions of this Agreement and any other Loan Document that have been
breached.

7.04 Payment of Obligations.

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

7.05 Preservation of Existence, Etc.

     (a) Preserve, renew and maintain in full force and effect its legal existence under the Laws
of the jurisdiction of its organization except in a transaction permitted by Section 8.04
or 8.05.

     (b) Preserve, renew and maintain in full force and effect its good standing under the Laws of
the jurisdiction of its organization, except to the extent the failure to do so could not
reasonably be expected to have a Material Adverse Effect.

     (c) Take all reasonable action to maintain all rights, privileges, permits, licenses and
franchises necessary or desirable in the normal conduct of its business, except to the extent that
the failure to do so could not reasonably be expected to have a Material Adverse Effect.

     (d) Preserve or renew all of its material registered patents, copyrights, trademarks, trade
names and service marks, the non-preservation of which could reasonably be expected to have a
Material Adverse Effect.

     (e) Maintain the registration of its material domain names with Verisign or another ICANN
accredited registry.

7.06 Maintenance of Properties.

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

     (b) Make all necessary repairs thereto and renewals and replacements thereof, except where the
failure to do so could not reasonably be expected to have a Material Adverse Effect.

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     (c) Use the standard of care typical in the industry in the operation and maintenance of its
facilities.

7.07 Maintenance of Insurance.

     Maintain in full force and effect insurance (including worker’s compensation insurance,
liability insurance, casualty insurance and business interruption insurance) with financially sound
and reputable insurance companies not Affiliates of any Loan Party, in such amounts, with such
deductibles and covering such risks as are customarily carried by companies engaged in similar
businesses and owning similar properties in localities where the applicable Loan Party or the
applicable Subsidiary operates. The Administrative Agent shall be named as loss payee or
mortgagee, as its interest may appear, and/or additional insured with respect to any such insurance
providing coverage in respect of any Collateral, and each provider of any such insurance shall
agree, by endorsement upon the policy or policies issued by it or by independent instruments
furnished to the Administrative Agent, that it will give the Administrative Agent thirty (30) days
prior written notice before any such policy or policies shall be altered or canceled.

7.08 Compliance with Laws.

     Comply with the requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its business or property, except in such instances in which (a) such
requirement of Law or order, writ, injunction or decree is being contested in good faith by
appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not
reasonably be expected to have a Material Adverse Effect.

7.09 Books and Records.

     (a) Maintain proper books of record and account, in which full, true and correct entries in
conformity with GAAP consistently applied shall be made of all financial transactions and matters
involving the assets and business of such Loan Party or such Subsidiary, as the case may be.

     (b) Maintain such books of record and account in material conformity with all applicable
requirements of any Governmental Authority having regulatory jurisdiction over such Loan Party or
such Subsidiary, as the case may be.

7.10 Inspection Rights.

     Permit representatives and independent contractors of the Administrative Agent and each Lender
to visit and inspect any of its material properties, to examine its corporate, financial and
operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs,
finances and accounts with its directors, officers, and independent public accountants, all at such
reasonable times during normal business hours and as often as may be reasonably desired, upon
reasonable advance notice to the Borrower; provided, however, that unless an Event
of Default has occurred and is continuing at the time such inspection commences, (a) the Borrower
shall not be required to pay expenses relating to more than one inspection by the Administrative
Agent in any twelve month period and (b) the Borrower shall not be required to pay expenses of any
Lender for an inspection; provided further that when an Event of Default has
occurred and is continuing the Administrative Agent or any Lender (or any of their respective
representatives or independent contractors) may do any of the foregoing at the expense of the
Borrower at any time during normal business hours and without advance notice.

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7.11 Use of Proceeds.

     Use the proceeds of the Credit Extensions (a) to refinance certain existing Indebtedness, (b)
to finance working capital, capital expenditures and (c) for other general corporate purposes,
provided that in no event shall the proceeds of the Credit Extensions be used in
contravention of any Law or of any Loan Document.

7.12 Additional Subsidiaries.

     (a) Within thirty (30) days after the acquisition or formation of any Subsidiary, notify the
Administrative Agent thereof in writing, together with the (i) jurisdiction of formation, (ii)
number of shares of each class of Equity Interests outstanding, (iii) number and percentage of
outstanding shares of each class owned (directly or indirectly) by the Borrower or any Subsidiary
and (iv) number and effect, if exercised, of all outstanding options, warrants, rights of
conversion or purchase and all other similar rights with respect thereto; and

     (b) Within thirty (30) days after the acquisition or formation of any Domestic Subsidiary,
cause such Person to (i) become a Guarantor by executing and delivering to the Administrative Agent
a Joinder Agreement or such other documents as the Administrative Agent shall deem appropriate for
such purpose, and (ii) deliver to the Administrative Agent documents of the types referred to in
Sections 5.01(f) and (g) and favorable opinions of counsel to such Person (which
shall cover, among other things, the legality, validity, binding effect and enforceability of the
documentation referred to in clause (a)), all in form, content and scope reasonably satisfactory to
the Administrative Agent.

7.13 ERISA Compliance.

     Do, and cause each of its ERISA Affiliates to do, each of the following: (a) cause each Plan
that is qualified under Section 401(a) of the Internal Revenue Code to maintain such qualification;
and (b) make all required contributions to any Pension Plan subject to Section 412 of the Internal
Revenue Code.

7.14 Pledged Assets.

     (a) Equity Interests. Cause (a) 100% of the issued and outstanding Equity Interests
of each Domestic Subsidiary and (b) 65% of the issued and outstanding Equity Interests entitled to
vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and
outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section
1.956-2(c)(2)) in each Foreign Subsidiary directly owned by a Loan Party or any Domestic Subsidiary
to be subject at all times to a first priority, perfected Lien in favor of the Administrative
Agent, for the benefit of the Lenders, pursuant to the terms and conditions of the Collateral
Documents, together with opinions of counsel and any filings and deliveries reasonably necessary
in connection therewith to perfect the security interests therein, all in form and substance
reasonably satisfactory to the Administrative Agent.

     (b) Other Property. (i) Cause all of its owned and leased real and personal property
other than Excluded Property to be subject at all times to first priority, perfected and, in the
case of real property (whether leased or owned), title insured Liens in favor of the Administrative
Agent, for the benefit of the Lenders, to secure the Obligations pursuant to the terms and
conditions of the Collateral Documents or, with respect to any such property acquired subsequent to
the Closing Date, such other additional security documents as the Administrative Agent shall
reasonably request, subject in any case to Permitted Liens and (ii) deliver such other
documentation as the Administrative Agent may reasonably request in connection with the foregoing,
including, without limitation, appropriate UCC-1 financing statements, real estate title insurance
policies, surveys, environmental reports, landlord’s waivers,

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certified resolutions and other organizational and authorizing documents of such Person,
favorable opinions of counsel to such Person (which shall cover, among other things, the legality,
validity, binding effect and enforceability of the documentation referred to above and the
perfection of the Administrative Agent’s Liens thereunder) and other items of the types required to
be delivered pursuant to Section 5.01(g), all in form, content and scope reasonably
satisfactory to the Administrative Agent.

ARTICLE VIII

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation (other
than contingent indemnification obligations that survive the termination of this Agreement)
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, no
Loan Party shall, nor shall it permit any Subsidiary to, directly or indirectly:

8.01 Liens.

     Create, incur, assume or suffer to exist any Lien upon any of its property, assets or
revenues, whether now owned or hereafter acquired, other than the following:

     (a) Liens pursuant to any Loan Document;

     (b) Liens existing on the date hereof and listed on Schedule 8.01 and any
renewals or extensions thereof, provided that (i) the property covered thereby is
not changed, (ii) the amount secured or benefited thereby is not increased, (iii) the direct
or any contingent obligor with respect thereto is not changed, and (iv) any renewal or
extension of the obligations secured or benefited thereby is permitted by Section
8.03(b);

     (c) Liens (other than Liens imposed under ERISA) for taxes, assessments or governmental
charges or levies not yet due or which are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained
on the books of the applicable Person in accordance with GAAP;

     (d) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics,
materialmen and suppliers and other Liens imposed by law or pursuant to customary
reservations or retentions of title arising in the ordinary course of business,
provided that such Liens secure only amounts not yet due and payable or, if due and
payable, are unfiled and no other action has been taken to enforce the same or are being
contested in good faith by appropriate proceedings for which adequate reserves determined in
accordance with GAAP have been established;

     (e) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation, other than any
Lien imposed by ERISA;

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

     (g) easements, rights-of-way, restrictions and other similar encumbrances affecting
real property which, in the aggregate, are not substantial in amount, and which do not in
any case

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materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the applicable Person;

     (h) Liens securing judgments for the payment of money (or appeal or other surety bonds
relating to such judgments) not constituting an Event of Default under Section
9.01(i);

     (i) Liens securing Indebtedness permitted under Section 8.03(f);
provided that (i) such Liens do not at any time encumber any property other than the
property financed by such Indebtedness, (ii) the Indebtedness secured thereby does not
exceed the cost (negotiated on an arm’s length basis) of the property being acquired on the
date of acquisition and (iii) such Liens attach to such property concurrently with or within
ninety days after the acquisition thereof;

     (j) leases or subleases granted to others not interfering in any material respect with
the business of any Loan Party or any of its Subsidiaries;

     (k) any interest of title of a lessor under, and Liens arising from UCC financing
statements (or equivalent filings, registrations or agreements in foreign jurisdictions)
relating to, leases permitted by this Agreement;

     (l) Liens deemed to exist in connection with Investments in repurchase agreements
permitted under Section 8.02;

     (m) normal and customary rights of setoff upon deposits of cash in favor of banks or
other depository institutions;

     (n) Liens of a collection bank arising under Section 4-210 of the Uniform Commercial
Code on items in the course of collection; or

     (o) Liens of sellers of goods to the Borrower and any of its Subsidiaries arising under
Article 2 of the Uniform Commercial Code or similar provisions of applicable law in the
ordinary course of business, covering only the goods sold and securing only the unpaid
purchase price for such goods and related expenses.

8.02 Investments.

     Make any Investments, except:

     (a) Investments held by the Borrower or such Subsidiary in the form of cash or Cash
Equivalents;

     (b) Investments existing as of the Closing Date and set forth in Schedule 8.02;

     (c) Investments in any Person that is a Loan Party prior to giving effect to such
Investment;

     (d) Investments by any Subsidiary of the Borrower that is not a Loan Party in any other
Subsidiary of the Borrower that is not a Loan Party;

     (e) Investments consisting of extensions of credit in the nature of accounts receivable
or notes receivable arising from the grant of trade credit in the ordinary course of

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business, and Investments received in satisfaction or partial satisfaction thereof from
financially troubled account debtors to the extent reasonably necessary in order to prevent
or limit loss;

     (f) Guarantees permitted by Section 8.03;

     (g) Permitted Acquisitions; and

     (h) any other Investments in an aggregate amount not to exceed $5,000,000 at any one
time outstanding.

8.03 Indebtedness.

     Create, incur, assume or suffer to exist any Indebtedness, except:

     (a) Indebtedness under the Loan Documents;

     (b) Indebtedness of the Borrower and its Subsidiaries set forth in Schedule 8.03;

     (c) intercompany Indebtedness permitted under Section 8.02;

     (d) Earn Out Obligations related to any Permitted Acquisition;

     (e) obligations (contingent or otherwise) of the Borrower or any Subsidiary existing or
arising under any Swap Contract, provided that (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of directly
mitigating risks associated with liabilities, commitments, investments, assets, or property
held or reasonably anticipated by such Person, or changes in the value of securities issued
by such Person, and not for purposes of speculation or taking a “market view;” and (ii) such
Swap Contract does not contain any provision exonerating the non-defaulting party from its
obligation to make payments on outstanding transactions to the defaulting party; and

     (f) purchase money Indebtedness (including obligations in respect of Capital Leases or
Synthetic Leases) hereafter incurred by the Borrower or any of its Subsidiaries to finance
the purchase of fixed assets, and renewals, refinancings and extensions thereof,
provided that (i) the total of all such Indebtedness for all such Persons taken
together shall not exceed an aggregate principal amount of $2,500,000 at any one time
outstanding; (ii) such Indebtedness when incurred shall not exceed the purchase price of the
asset(s) financed; and (iii) no such Indebtedness shall be refinanced for a principal amount
in excess of the principal balance outstanding thereon at the time of such refinancing.

8.04 Fundamental Changes.

     Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in
one transaction or in a series of transactions) all or substantially all of its assets (whether now
owned or hereafter acquired) to or in favor of any Person; provided that, notwithstanding the
foregoing provisions of this Section 8.04 but subject to the terms of Sections 7.12
and 7.14, (a) the Borrower may merge or consolidate with any of its Subsidiaries provided
that the Borrower shall be the continuing or surviving corporation, (b) any Loan Party other than
the Borrower may merge or consolidate with any other Loan Party other than the Borrower, (c) any
Foreign Subsidiary may be merged or consolidated with or into any Loan Party provided that such
Loan Party shall be the continuing or surviving corporation and (d) any Foreign Subsidiary may be
merged or consolidated with or into any other Foreign Subsidiary.

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8.05 Dispositions.

     Make any Disposition other than any Disposition of domain names in the ordinary course of
business.

8.06 Restricted Payments.

     Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation
(contingent or otherwise) to do so, except that:

     (a) each Subsidiary may make Restricted Payments to the Borrower or any Guarantor;

     (b) the Borrower and each Subsidiary may declare and make dividend payments or other
distributions payable solely in the Equity Interests of such Person; and

     (c) the Borrower may repurchase or redeem Equity Interests of the Borrower pursuant to
the exercise of options of employees of the Borrower in an aggregate amount not to exceed
$1,500,000 in any fiscal year so long as no Default or Event of Default shall have occurred
and be continuing or would result therefrom.

8.07 Change in Nature of Business.

     Engage in any material line of business substantially different from those lines of business
conducted by the Borrower and its Subsidiaries on the Closing Date or any business related or
incidental thereto.

8.08 Transactions with Affiliates and Insiders.

     Enter into or permit to exist any transaction or series of transactions with any officer,
director or Affiliate of such Person other than (a) advances of working capital to any Loan Party,
(b) transfers of cash and assets to any Loan Party, (c) intercompany transactions expressly
permitted by Section 8.02, Section 8.03, Section 8.04, Section 8.05
or Section 8.06, (d) normal and reasonable compensation and reimbursement of expenses of
officers and directors in the ordinary course of business and (e) except as otherwise specifically
limited in this Agreement, other transactions which are entered into in the ordinary course of such
Person’s business on terms and conditions substantially as favorable to such Person as would be
obtainable by it in a comparable arms-length transaction with a Person other than an officer,
director or Affiliate.

8.09 Burdensome Agreements.

     (a) Enter into, or permit to exist, any Contractual Obligation that encumbers or restricts on
the ability of any such Person to (i) pay dividends or make any other distributions to any Loan
Party on its Equity Interests or with respect to any other interest or participation in, or
measured by, its profits, (ii) pay any Indebtedness or other obligation owed to any Loan Party,
(iii) make loans or advances to any Loan Party, (iv) sell, lease or transfer any of its property to
any Loan Party, (v) pledge its property pursuant to the Loan Documents or any renewals,
refinancings, exchanges, refundings or extension thereof or (vi) act as a Loan Party pursuant to
the Loan Documents or any renewals, refinancings, exchanges, refundings or extension thereof,
except (in respect of any of the matters referred to in clauses (i)-(iv) above) for (1) this
Agreement and the other Loan Documents, (2) any document or instrument governing Indebtedness
incurred pursuant to Section 8.03(e), provided that any such restriction contained
therein relates only to the

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asset or assets constructed or acquired in connection therewith, (3) any Permitted Lien or any
document or instrument governing any Permitted Lien, provided that any such restriction
contained therein relates only to the asset or assets subject to such Permitted Lien or (4)
customary restrictions and conditions contained in any agreement relating to the sale of any
property permitted under Section 8.05 pending the consummation of such sale.

     (b) Enter into, or permit to exist, any Contractual Obligation that prohibits or otherwise
restricts the existence of any Lien upon any of its property in favor of the Administrative Agent
(for the benefit of the Lenders) for the purpose of securing the Obligations, whether now owned or
hereafter acquired, or requiring the grant of any security for any obligation if such property is
given as security for the Obligations, except (i) any document or instrument governing Indebtedness
incurred pursuant to Section 8.03(f), provided that any such restriction contained
therein relates only to the asset or assets constructed or acquired in connection therewith, (ii)
in connection with any Permitted Lien or any document or instrument governing any Permitted Lien,
provided that any such restriction contained therein relates only to the asset or assets
subject to such Permitted Lien, and (iii) pursuant to customary restrictions and conditions
contained in any agreement relating to the sale of any property permitted under Section
8.05, pending the consummation of such sale.

8.10 Use of Proceeds.

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

8.11 Financial Covenants.

     (a) Consolidated Net Leverage Ratio. Permit the Consolidated Net Leverage Ratio as of
the end of any fiscal quarter of the Borrower to be greater than (i) for any fiscal quarter ending
during the period from the Closing Date to and including March 31, 2008, 3.5 to 1.0, (ii) for any
fiscal quarter ending during the period from June 30, 2008 to and including September 30, 2008,
3.25 to 1.0, (iii) for any fiscal quarter ending during the period from December 31, 2008 to and
including September 30, 2009, 3.0 to 1.0, (iv) for any fiscal quarter ending during the period from
December 31, 2009 to and including March 31, 2011, 2.5 to 1.0 and (v) for any fiscal quarter ending
after June 29, 2011, 2.25 to 1.0; provided, however, if a Qualifying IPO occurs on
or before September 30, 2008, then the Loan Parties shall not permit the Consolidated Net Leverage
Ratio as of the end of any fiscal quarter of the Borrower to be greater than (x) for any fiscal
quarter ending after such Qualifying IPO to and including September 30, 2008, 3.0 to 1.0, (y) for
any fiscal quarter ending during the period from December 31, 2008 to and including September 30,
2009, 2.75 to 1.0 and (z) for any fiscal quarter ending after December 30, 2009, 2.25 to 1.0.

     (b) Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge
Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.30 to 1.0.

8.12 Prepayment of Other Indebtedness, Etc.

     Make (or give any notice with respect thereto) any voluntary or optional payment or prepayment
or redemption or acquisition for value of (including without limitation, by way of depositing money
or securities with the trustee with respect thereto before due for the purpose of paying when due),
refund, refinance or exchange of any Indebtedness of any Loan Party or any Subsidiary (other than
Indebtedness arising under the Loan Documents).

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8.13 Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of
Entity.

     (a) Amend, modify or change its Organization Documents in a manner adverse to the Lenders.

     (b) Change its fiscal year.

     (c) Without providing ten (10) days prior written notice to the Administrative Agent, change
its name, state of formation or form of organization.

8.14 Ownership of Subsidiaries.

     Notwithstanding any other provisions of this Agreement to the contrary, (i) permit any Person
(other than any Loan Party or any Wholly Owned Subsidiary of the Borrower) to own any Equity
Interests of any Subsidiary of any Loan Party, except to qualify directors where required by
applicable law or to satisfy other requirements of applicable law with respect to the ownership of
Equity Interests of Foreign Subsidiaries, (ii) permit any Loan Party or any Subsidiary of any Loan
Party to issue or have outstanding any shares of preferred Equity Interests except for the
Permitted Preferred Stock or (iii) create, incur, assume or suffer to exist any Lien on any Equity
Interests of any Subsidiary of any Loan Party, except for Permitted Liens.

8.15 Sale Leasebacks.

     Enter into any Sale and Leaseback Transaction.

ARTICLE IX

EVENTS OF DEFAULT AND REMEDIES

9.01 Events of Default.

     Any of the following shall constitute an Event of Default:

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

     (b) Specific Covenants. Any Loan Party fails to perform or observe any term,
covenant or agreement contained in any of Section 7.05, 7.10 and
7.11 or Article VIII; or

     (c) Information Covenants. Any Loan Party fails to perform or observe any
term, covenant or agreement contained in any of Section 7.01, 7.02 or
7.03 and such failure continues for one Business Day after the earlier of the date
on which (i) a Responsible Officer becomes aware of such failure or (ii) notice thereof
shall have been given to the Borrower by the Administrative Agent or any Lender; or

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

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     (e) Representations and Warranties. Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of the Borrower or
any other Loan Party herein, in any other Loan Document, or in any document delivered in
connection herewith or therewith shall be incorrect or misleading in any material respect
when made or deemed made; or

     (f) Cross-Default. (i) Any Loan Party or any Subsidiary (A) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand,
or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder
and Indebtedness under Swap Contracts) having an aggregate principal amount (including
undrawn committed or available amounts and including amounts owing to all creditors under
any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B)
fails to observe or perform any other agreement or condition relating to any such
Indebtedness or Guarantee or contained in any instrument or agreement evidencing, securing
or relating thereto, or any other event occurs, the effect of which default or other event
is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or
beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders
or beneficiary or beneficiaries) to cause, with the giving of notice if required, such
Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or
redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem
such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become
payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any
Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from
(A) any event of default under such Swap Contract as to which the Borrower or any Subsidiary
is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as
so defined) under such Swap Contract as to which the Borrower or any Subsidiary is an
Affected Party (as so defined) and, in either event, the Swap Termination Value owed by the
Borrower or such Subsidiary as a result thereof is greater than the Threshold Amount; or

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

     (h) Inability to Pay Debts; Attachment. (i) Any Loan Party or any of its
Subsidiaries becomes unable or admits in writing its inability or fails generally to pay its
debts as they become due, or (ii) any writ or warrant of attachment or execution or similar
process is issued or levied against all or any material part of the property of any such
Person and is not released, vacated or fully bonded within thirty days after its issue or
levy; or

     (i) Judgments. There is entered against any Loan Party or any Subsidiary (i)
one or more final judgments or orders for the payment of money in an aggregate amount
exceeding the Threshold Amount (to the extent not covered by independent third-party
insurance as to which the insurer does not dispute coverage), or (ii) any one or more
non-monetary final judgments that have, or could reasonably be expected to have,
individually or in the aggregate, a Material

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Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any
creditor upon such judgment or order, or (B) there is a period of ten consecutive days
during which a stay of enforcement of such judgment, by reason of a pending appeal or
otherwise, is not in effect; or

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

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

     (l) Change of Control. There occurs any Change of Control; or

     (m) Preferred Stock. The Agreement Not to Request Redemption or any provision
thereof shall cease to be in full force and effect prior to the conversion of the Existing
Preferred Stock into shares of the Borrower’s common stock in accordance with its
Organizational Documents.

9.02 Remedies Upon Event of Default.

     If any Event of Default occurs and is continuing, the Administrative Agent shall, at the
request of, or may, with the consent of, the Required Lenders, take any or all of the following
actions in accordance with applicable law:

     (a) declare the commitment of each Lender to make Loans and any obligation of the L/C
Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and
obligation shall be terminated;

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

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

     (d) exercise on behalf of itself and the Lenders all rights and remedies available to
it and the Lenders under the Loan Documents;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the
obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit
Extensions shall automatically

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terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts
as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash
Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case
without further act of the Administrative Agent or any Lender.

9.03 Application of Funds.

     After the exercise of remedies provided for in Section 9.02 (or after the Loans have
automatically become immediately due and payable and the L/C Obligations have automatically been
required to be Cash Collateralized as set forth in the proviso to Section 9.02), any
amounts received on account of the Obligations shall be applied by the Administrative Agent in the
following order:

     First, to payment of that portion of the Obligations constituting fees,
indemnities, expenses and other amounts (including fees, charges and disbursements of
counsel to the Administrative Agent and amounts payable under Article III) payable
to the Administrative Agent in its capacity as such;

     Second, to payment of that portion of the Obligations constituting fees,
indemnities and other amounts (other than principal, interest and Letter of Credit Fees)
payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of
counsel to the respective Lenders and the L/C Issuer and amounts payable under Article
III), ratably among them in proportion to the respective amounts described in this
clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and
unpaid Letter of Credit Fees and interest on the Loans and L/C Borrowings and fees, premiums
and scheduled periodic payments, and any interest accrued thereon, due under any Swap
Contract between any Loan Party and any Lender, or any Affiliate of a Lender, to the extent
such Swap Contract is permitted by Section 8.03(d), ratably among the Lenders (and,
in the case of such Swap Contracts, Affiliates of Lenders) and the L/C Issuer in proportion
to the respective amounts described in this clause Third held by them;

     Fourth, to (a) payment of that portion of the Obligations constituting unpaid
principal of the Loans and L/C Borrowings, (b) payment of breakage, termination or other
payments, and any interest accrued thereon, due under any Swap Contract between any Loan
Party and any Lender, or any Affiliate of a Lender, to the extent such Swap Contract is
permitted by Section 8.03(d), (c) payments of amounts due under any Treasury
Management Agreement between any Loan Party and any Lender, or any Affiliate of a Lender and
(d) Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn
amount of Letters of Credit, ratably among the Lenders (and, in the case of such Swap
Contracts, Affiliates of Lenders) and the L/C Issuer in proportion to the respective amounts
described in this clause Fourth held by them; and

     Last, the balance, if any, after all of the Obligations have been indefeasibly
paid in full, to the Borrower or as otherwise required by Law.

     Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn
amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy
drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired, such remaining
amount shall be applied to the other Obligations, if any, in the order set forth above.

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ARTICLE X

ADMINISTRATIVE AGENT

10.01 Appointment and Authority.

     Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on
its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes
the Administrative Agent to take such actions on its behalf and to exercise such powers as are
delegated to the Administrative Agent by the terms hereof or thereof, together with such actions
and powers as are reasonably incidental thereto. The provisions of this Article are solely for the
benefit of the Administrative Agent, the Lenders and the L/C Issuer, and neither the Borrower nor
any other Loan Party shall have rights as a third party beneficiary of any of such provisions.

10.02 Rights as a Lender.

     The Person serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the
Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated
or unless the context otherwise requires, include the Person serving as the Administrative Agent
hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from,
lend money to, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of business with any Loan Party or any Subsidiary or other Affiliate thereof as
if such Person were not the Administrative Agent hereunder and without any duty to account therefor
to the Lenders.

10.03 Exculpatory Provisions.

     The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein and in the other Loan Documents. Without limiting the generality of the foregoing,
the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of
whether a Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
or by the other Loan Documents that the Administrative Agent is required to exercise as
directed in writing by the Required Lenders (or such other number or percentage of the
Lenders as shall be expressly provided for herein or in the other Loan Documents),
provided that the Administrative Agent shall not be required to take any action
that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
liability or that is contrary to any Loan Document or applicable law; and

     (c) shall not, except as expressly set forth herein and in the other Loan Documents,
have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to any Loan Party or any of its Affiliates that is communicated to or
obtained by the Person serving as the Administrative Agent or any of its Affiliates in any
capacity.

     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be
necessary, under the

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circumstances as provided in Sections 11.01 and 9.02) or (ii) in the absence
of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to
have knowledge of any Default unless and until notice describing such Default is given to the
Administrative Agent by the Borrower, a Lender or the L/C Issuer.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the
satisfaction of any condition set forth in Article V or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.

10.04 Reliance by Administrative Agent.

     The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. The Administrative Agent also may rely upon any statement made to it orally
or by telephone and believed by it to have been made by the proper Person, and shall not incur any
liability for relying thereon. In determining compliance with any condition hereunder to the
making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the
satisfaction of a Lender or the L/C Issuer, the Administrative Agent may presume that such
condition is satisfactory to such Lender or the L/C Issuer unless the Administrative Agent shall
have received notice to the contrary from such Lender or the L/C Issuer prior to the making of such
Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal
counsel (who may be counsel for the Loan Parties), independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it in accordance with
the advice of any such counsel, accountants or experts.

10.05 Delegation of Duties.

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

10.06 Resignation of Administrative Agent.

     The Administrative Agent may at any time give notice of its resignation to the Lenders, the
L/C Issuer and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders
shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a
bank with an office in the United States, or an Affiliate of any such bank with an office in the
United States. If no such successor shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 30 days after the retiring Administrative Agent gives notice
of its resignation, then

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the retiring Administrative Agent may on behalf of the Lenders and the L/C Issuer, appoint a
successor Administrative Agent meeting the qualifications set forth above; 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 (1) the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder and under the other Loan Documents and (2) 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 and the L/C Issuer directly, until such time as the Required Lenders appoint a
successor Administrative Agent as provided for above in this Section. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its
duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Borrower to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrower and such successor. After the retiring Administrative Agent’s resignation
hereunder and under the other Loan Documents, the provisions of this Article and
Section 11.04 shall continue in effect for the benefit of such retiring Administrative
Agent, its sub-agents and their respective Related Parties in respect of any actions taken or
omitted to be taken by any of them while the retiring Administrative Agent was acting as
Administrative Agent.

     Any resignation by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as L/C Issuer and Swing Line Lender. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and
Swing Line Lender, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all
of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the
successor L/C Issuer 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
retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect
to such Letters of Credit.

10.07 Non-Reliance on Administrative Agent and Other Lenders.

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

10.08 No Other Duties; Etc.

     Anything herein to the contrary notwithstanding, none of the bookrunners, arrangers,
syndication agents, documentation agents or co-agents shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity,
as applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.

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10.09 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 proceeding relative to any
Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C
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:

     (a) to file and prove a claim for the whole amount of the principal and interest owing
and unpaid in respect of the Loans, L/C Obligations and all other Obligations (other than
obligations under Swap Contracts or Treasury Management Agreements to which the
Administrative Agent is not a party) that are owing and unpaid and to file such other
documents as may be necessary or advisable in order to have the claims of the Lenders, the
L/C Issuer and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the
Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(i) and
(j), 2.09 and 11.04) allowed in such judicial proceeding; and

     (b) 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 and the L/C Issuer 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 and the L/C Issuer, 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 Sections 2.09 and 11.04.

     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 or the L/C Issuer any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to
authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding.

10.10 Collateral and Guaranty Matters.

     The Lenders and the L/C Issuer irrevocably authorize the Administrative Agent, at its option
and in its discretion,

     (a) to release any Lien on any Collateral granted to or held by the Administrative
Agent under any Loan Document (i) upon termination of the Aggregate Revolving Commitments
and payment in full of all Obligations (other than contingent indemnification obligations)
and the expiration or termination of all Letters of Credit, (ii) that is transferred or to
be transferred as part of or in connection with any Disposition permitted hereunder or under
any other Loan Document or any Involuntary Disposition, or (iii) as approved in accordance
with Section 11.01;

     (b) to subordinate any Lien on any property granted to or held by the Administrative
Agent under any Loan Document to the holder of any Lien on such property that is permitted
by Section 8.01(i); and

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     (c) to release any Guarantor from its obligations under the Guaranty if such Person
ceases to be a Subsidiary as a result of a transaction permitted hereunder.

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release or subordinate its interest in
particular types or items of property, or to release any Guarantor from its obligations
under the Guaranty, pursuant to this Section 10.10.

ARTICLE XI

MISCELLANEOUS

11.01 Amendments, Etc.

     No amendment or waiver of any provision of this Agreement or any other Loan Document, and no
consent to any departure by the Borrower or any other Loan Party therefrom, shall be effective
unless in writing signed by the Required Lenders and the Borrower or the applicable Loan Party, as
the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent
shall be effective only in the specific instance and for the specific purpose for which given;
provided, further, that

(a) no such amendment, waiver or consent shall:

     (i) extend or increase the Commitment of a Lender (or reinstate any Commitment
terminated pursuant to Section 9.02) without the written consent of each
Lender (it being understood and agreed that a waiver of any condition precedent set
forth in Section 5.02 or of any Default or a mandatory reduction in
Commitments is not considered an extension or increase in Commitments of any
Lender);

     (ii) postpone any date fixed by this Agreement or any other Loan Document for
any payment of principal (excluding mandatory prepayments), interest, fees or other
amounts due to the Lenders (or any of them) or any scheduled or mandatory reduction
of the Commitments hereunder or under any other Loan Document without the written
consent of each Lender entitled to receive such payment or whose Commitments are to
be reduced;

     (iii) reduce the principal of, or the rate of interest specified herein on, any
Loan or L/C Borrowing, or (subject to clause (i) of the final proviso to this
Section 11.01) any fees or other amounts payable hereunder or under any
other Loan Document without the written consent of each Lender entitled to receive
such payment of principal, interest, fees or other amounts; provided,
however, that only the consent of the Required Lenders shall be necessary
(A) to amend the definition of “Default Rate” or to waive any obligation of the
Borrower to pay interest or Letter of Credit Fees at the Default Rate or (B) to
amend any financial covenant hereunder (or any defined term used therein) even if
the effect of such amendment would be to reduce the rate of interest on any Loan or
L/C Borrowing or to reduce any fee payable hereunder;

     (iv) change Section 2.12(d), Section 2.13 or Section
9.03 in a manner that would alter the pro rata sharing of payments required
thereby without the written consent of each Lender directly affected thereby;

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     (v) change any provision of this Section 11.01(a) or the definition of
“Required Lenders” without the written consent of each Lender directly affected
thereby;

     (vi) except in connection with a Disposition permitted under Section
8.05, release all or substantially all of the Collateral without the written
consent of each Lender directly affected thereby;

     (vii) release the Borrower or, except in connection with a merger or
consolidation permitted under Section 8.04 or a Disposition permitted under
Section 8.05, all or substantially all of the Guarantors without the written
consent of each Lender directly affected thereby;

     (viii) without the consent of Lenders (other than Defaulting Lenders) holding
in the aggregate at least a majority of the Revolving Commitments (or if the
Revolving Commitments have been terminated, the outstanding Revolving Loans (and
participations in any Swing Line Loans and L/C Obligations)), (i) waive any Default
or Event of Default for purposes of Section 5.02 for purposes of any
Revolving Loan borrowing or L/C Credit Extension, (ii) amend, change, waive,
discharge or terminate Section 2.01(a), 2.02, 2.03,
2.05(b)(i) or 2.06 or any term, covenant or agreement contained in
Article VIII or Article IX or (iii) amend or change any provision of
this Section 11.01(a)(viii);

     (ix) without the consent of Lenders (other than Defaulting Lenders) holding in
the aggregate at least a majority of the outstanding Term Loan (and participations
therein), (A) amend, change, waive, discharge or terminate
Section 2.05(b)(vi) so as to alter the manner of application of proceeds of
any mandatory prepayment required by Section 2.05(b)(ii), (iii),
(iv) or (v) hereof or (B) amend or change any provision of this
Section 11.01(a)(ix);

     (x) without the consent of Lenders (other than Defaulting Lenders) holding in
the aggregate at least a majority of the outstanding Incremental Term Loan (and
participations therein), (A) amend, change, waive, discharge or terminate
Section 2.05(b)(vi) so as to alter the manner of application of proceeds of
any mandatory prepayment required by Section 2.05(b)(ii), (iii),
(iv) or (v) hereof or (B) amend or change any provision of this
Section 11.01(a)(x); or

     (b) unless also signed by the L/C Issuer, no amendment, waiver or consent shall affect
the rights or duties of the L/C Issuer under this Agreement or any Issuer Document relating
to any Letter of Credit issued or to be issued by it;

     (c) unless also signed by the Swing Line Lender, no amendment, waiver or consent shall
affect the rights or duties of the Swing Line Lender under this Agreement; and

     (d) unless also signed by the Administrative Agent, no amendment, waiver or consent
shall affect the rights or duties of the Administrative Agent under this Agreement or any
other Loan Document;

provided, however, that notwithstanding anything to the contrary herein, (i) the
Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by
the parties thereto, (ii) no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be
increased or extended without the consent of such Lender, (iii) each Lender is entitled to vote as
such Lender sees fit on any bankruptcy

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reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of
Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent
provisions set forth herein and (iv) the Required Lenders shall determine whether or not to allow a
Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such
determination shall be binding on all of the Lenders.

11.02 Notices and Other Communications; Facsimile Copies.

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

     (i) if to the Borrower or any other Loan Party, the Administrative Agent, the L/C
Issuer or the Swing Line Lender, to the address, telecopier number, electronic mail address
or telephone number specified for such Person on Schedule 11.02; and

     (ii) if to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

     Notices sent by hand or overnight courier service, or mailed by certified or registered mail,
shall be deemed to have been given when received; notices sent by telecopier shall be deemed to
have been given when sent (except that, if not given during normal business hours for the
recipient, shall be deemed to have been given at the opening of business on the next business day
for the recipient). Notices delivered through electronic communications to the extent provided in
subsection (b) below, shall be effective as provided in such subsection (b).

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

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

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR

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COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM
LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND,
EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS
MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event
shall the Administrative Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to the Borrower, any Lender, the L/C Issuer or any other Person
for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or
otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower
Materials through the Internet, except to the extent that such losses, claims, damages, liabilities
or expenses are determined by a court of competent jurisdiction by a final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of such Agent Party;
provided, however, that in no event shall any Agent Party have any liability to the
Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages).

     (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent, the L/C
Issuer and the Swing Line Lender may change its address, telecopier or telephone number for notices
and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, telecopier or telephone number for notices and other communications hereunder
by notice to the Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender. In
addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number,
telecopier number and electronic mail address to which notices and other communications may be sent
and (ii) accurate wire instructions for such Lender.

     (e) Reliance by Administrative Agent, L/C Issuer and Lenders. The Administrative
Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including
telephonic Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Loan
Party even if (i) such notices were not made in a manner specified herein, were incomplete or were
not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof,
as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall
indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of
them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on
each notice purportedly given by or on behalf of a Loan Party. All telephonic notices to and other
telephonic communications with the Administrative Agent may be recorded by the Administrative
Agent, and each of the parties hereto hereby consents to such recording.

11.03 No Waiver; Cumulative Remedies.

     No failure by any Lender, the L/C Issuer or the Administrative Agent to exercise, and no delay
by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as
a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

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11.04 Expenses; Indemnity; and Damage Waiver.

     (a) Costs and Expenses. Except with respect to Taxes, the Loan Parties shall pay
(i) all reasonable documented out-of-pocket expenses incurred by the Administrative Agent and its
Affiliates (including the reasonable documented fees, charges and disbursements of counsel for the
Administrative Agent), in connection with the syndication of the credit facilities provided for
herein, the preparation, negotiation, execution, delivery and administration of this Agreement and
the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or
thereof (whether or not the transactions contemplated hereby or thereby shall be consummated),
(ii) all reasonable documented out-of-pocket expenses incurred by the L/C Issuer in connection with
the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder and (iii) all reasonable documented out-of-pocket expenses incurred by the
Administrative Agent, any Lender or the L/C Issuer (including the fees, charges and disbursements
of a primary counsel for the Administrative Agent and/or the L/C Issuer, any special or local
counsel to the Administrative Agent and the Lenders with the Borrower’s consent (such consent not
to be unreasonably withheld) and one counsel for all the other Lenders), and shall pay all fees and
time charges for attorneys who may be employees of the Administrative Agent, any Lender or the L/C
Issuer, in connection with the enforcement or protection of its rights (A) in connection with this
Agreement and the other Loan Documents, including its rights under this Section, or (B) in
connection with the Loans made or Letters of Credit issued hereunder, including all such
out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of
such Loans or Letters of Credit; provided, that if the representation by one counsel to the
Administrative Agent and one counsel to all the Lenders would be inappropriate due to the existence
of an actual conflict between any Lender and another Lender, then the Loan Parties shall be
required to reimburse the reasonable documented fees, charges and disbursements of one counsel to
any such Lender with the conflict.

     (b) Indemnification by the Loan Parties. The Loan Parties shall indemnify the
Administrative Agent (and any sub-agent thereof), each Lender and the L/C Issuer, and each Related
Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses (including the fees, charges and disbursements of any counsel for any
Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges
and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee
or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party
arising out of, in connection with, or as a result of (i) the execution or delivery of this
Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby,
the performance by the parties hereto of their respective obligations hereunder or thereunder or
the consummation of the transactions contemplated hereby or thereby, or, in the case of the
Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration
of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence
or release of Hazardous Materials on or from any property owned or operated by a Loan Party or any
of its Subsidiaries, or any Environmental Liability related in any way to a Loan Party or any of
its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory, whether
brought by a third party or by the Borrower or any other Loan Party, and regardless of whether any
Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in
part, out of the comparative, contributory or sole negligence of the Indemnitee; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted (x) from the gross

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negligence or willful misconduct of such Indemnitee or (y) from a breach in bad faith of such
Indemnitee’s obligations hereunder or under any other Loan Document.

     (c) Reimbursement by Lenders. To the extent that the Loan Parties for any reason fail
to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by
them to the Administrative Agent (or any sub-agent thereof), the L/C Issuer or any Related Party of
any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), the L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable
Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment
is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted
against the Administrative Agent (or any such sub-agent) or the L/C Issuer in its capacity as such,
or against any Related Party of any of the foregoing acting for the Administrative Agent (or any
such sub-agent) or L/C Issuer in connection with such capacity. The obligations of the Lenders
under this subsection (c) are subject to the provisions of Section 2.12(d).

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

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

     (f) Survival. The agreements in this Section shall survive the resignation of the
Administrative Agent and the L/C Issuer, the replacement of any Lender, the termination of the
Commitments and the repayment, satisfaction or discharge of all the other Obligations.

11.05 Payments Set Aside.

     To the extent that any payment by or on behalf of any Loan Party is made to the Administrative
Agent, the L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender
exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof
is subsequently invalidated, declared to be fraudulent or preferential, set aside or required
(including pursuant to any settlement entered into by the Administrative Agent, the L/C Issuer or
such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in
connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery, the obligation or part thereof originally intended to be satisfied shall be revived
and continued in full force and effect as if such payment had not been made or such setoff had not
occurred, and (b) each Lender and the L/C Issuer severally agrees to pay to the Administrative
Agent upon demand its applicable share (without duplication) of any amount so recovered from or
repaid by the Administrative Agent, plus interest thereon from the date of such demand to
the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time
in effect. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding
sentence shall survive the payment in full of the Obligations and the termination of this
Agreement.

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11.06 Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement and the other
Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and
their respective successors and assigns permitted hereby, except that the Borrower may not assign
or otherwise transfer any of its rights or obligations hereunder or thereunder without the prior
written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise
transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with
the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with
the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of subsection (f) of this Section (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the
extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby,
the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal
or equitable right, remedy or claim under or by reason of this Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more
assignees all or a portion of its rights and obligations under this Agreement and the other Loan
Documents (including all or a portion of its Commitment and the Loans (including for purposes of
this subsection (b), participations in L/C Obligations and Swing Line Loans) at the time owing to
it); provided that any such assignment shall be subject to the following conditions:

     (i) Minimum Amounts.

     (A) in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment and the Loans at the time owing to it or in the case
of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no
minimum amount need be assigned; and

     (B) in any case not described in subsection (b)(i)(A) of this Section, the
aggregate amount of the Commitment (which for this purpose includes Loans
outstanding thereunder) or, if the Commitment is not then in effect, the principal
outstanding balance of the Loans of the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to
such assignment is delivered to the Administrative Agent or, if “Trade Date” is
specified in the Assignment and Assumption, as of the Trade Date, shall not be less
than $2,000,000 in the case of an assignment of Revolving Loans and $2,000,000 in
the case of an assignment of Term Loans and Incremental Term Loans unless each of
the Administrative Agent and, so long as no Event of Default has occurred and is
continuing, the Borrower otherwise consents (each such consent not to be
unreasonably withheld or delayed); provided, however, that
concurrent assignments to members of an Assignee Group and concurrent assignments
from members of an Assignee Group to a single assignee (or to an assignee and
members of its Assignee Group) will be treated as a single assignment for purposes
of determining whether such minimum amount has been met;

(ii) Required Consents. No consent shall be required for any assignment
except to the extent required by subsection (b)(i)(B) of this Section and, in
addition:

     (A) the consent of the Borrower (such consent not to be unreasonably withheld
or delayed) shall be required unless (1) an Event of Default has occurred and is

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continuing at the time of such assignment or (2) such assignment is to a Lender, an
Affiliate of a Lender or an Approved Fund;

     (B) the consent of the Administrative Agent (such consent not to be
unreasonably withheld or delayed) shall be required for assignments in respect of
(i) any Term Loan Commitment or Revolving Commitment if such assignment is to a
Person that is not a Lender with a Commitment in respect of the Commitment subject
to such assignment, an Affiliate of such Lender or an Approved Fund with respect to
such Lender or (ii) any Term Loan to a Person that is not a Lender, an Affiliate of
a Lender or an Approved Fund;

     (C) the consent of the L/C Issuer (such consent not to be unreasonably withheld
or delayed) shall be required for any assignment that increases the obligation of
the assignee to participate in exposure under one or more Letters of Credit (whether
or not then outstanding); and

     (D) the consent of the Swing Line Lender (such consent not to unreasonably
withheld or delayed) shall be required for any assignment in respect of the
Revolving Commitment if such assignment is to a Person that is not a Lender with a
Revolving Commitment, an Affiliate of such Lender or an Approved Fund with respect
to such Lender.

     (iii) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee in the amount of $3,500; provided, however,
that the Administrative Agent may, in its sole discretion, elect to waive such processing
and recordation fee in the case of any assignment. The assignee, if it is not a Lender,
shall deliver to the Administrative Agent an Administrative Questionnaire.

     (iv) No Assignment to Borrower. No such assignment shall be made to the
Borrower or any of the Borrower’s Affiliates or Subsidiaries.

     (v) No Assignment to Natural Persons. No such assignment shall be made to a
natural person.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c)
of this Section, from and after the effective date specified in each Assignment and Assumption, the
assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04
with respect to facts and circumstances occurring prior to the effective date of such assignment.
Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that
does not comply with this subsection 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 subsection (d) of
this Section.

     (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrower, shall maintain at the Administrative Agent’s Office a copy of each Assignment and

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Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries
in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register
shall be available for inspection by the Borrower and any Lender, at any reasonable time and from
time to time upon reasonable prior notice.

     (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrower or the Administrative Agent, sell participations to any Person (other than a natural
person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this
Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that
(i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and
(iii) the Borrower, the Administrative Agent, the other Lenders and the L/C Issuer shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells
such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without
the consent of the Participant, agree to any amendment, waiver or other modification described in
clauses (i) through (vii) of the Section 11.01(a) that affects such Participant. To the
extent permitted by law, each Participant also shall be entitled to the benefits of
Section 11.08 as though it were a Lender, provided such Participant agrees to be
subject to Section 2.13 as though it were a Lender.

     (e) Limitation on Participant Rights. A Participant shall not be entitled to receive
any greater payment under Section 3.01 or 3.04 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant.

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

     (g) Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Assumption shall be deemed to include
electronic signatures or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a
paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act,
the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act

     (h) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America assigns all of its
Commitment and Loans pursuant to subsection (b) above, Bank of America may, (i) upon thirty days’
notice to the Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon thirty days’ notice
to the Borrower, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer
or Swing Line Lender, the Borrower shall be entitled to appoint from among the Lenders a successor
L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by
the Borrower to appoint any such successor shall

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affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may
be. If Bank of America resigns as L/C Issuer, it shall retain all the rights, powers, privileges
and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the
effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto
(including the right to require the Lenders to make Base Rate Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America resigns as Swing
Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with
respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Loans or fund risk
participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the
appointment of a successor L/C Issuer and/or Swing Line Lender, (1) such successor shall succeed to
and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer
or Swing Line Lender, as the case may be, and (2) the successor L/C Issuer 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 Bank of America to effectively assume the
obligations of Bank of America with respect to such Letters of Credit.

11.07 Treatment of Certain Information; Confidentiality.

     Each of the Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, advisors and representatives and to any direct or indirect contractual
counterparty (or such contractual counterparty’s professional advisor) under any Swap Contract
relating to Loans outstanding under this Agreement (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such Information and will
agree to keep such Information confidential), (b) to the extent requested by any regulatory
authority purporting to have jurisdiction over it (including any self-regulatory authority, such as
the National Association of Insurance Commissioners), (c) to the extent required by applicable laws
or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating
to a Loan Party and its obligations, (g) with the consent of the Borrower, (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to the Administrative Agent, any Lender, the L/C Issuer or any of their
respective Affiliates on a nonconfidential basis from a source other than the Borrower, (i) to an
investor or prospective investor in a Securitization that agrees that its access to information
regarding the Loan Parties, the Loans and Loan Documents is solely for purposes of evaluating an
investment in a Securitization and is instructed to treat such information as confidential, (j) to
a trustee, collateral manager, servicer, backup servicer, noteholder or secured party in a
Securitization in connection with the administration, servicing and reporting on the assets serving
as collateral for a Securitization, and (k) to a nationally recognized rating agency that requires
access to information regarding the Loan Parties, the Loans and Loan Documents in connection with
ratings issued with respect to a Securitization.

     For purposes of this Section, “Information” means all information received from a Loan
Party or any Subsidiary relating to the Loan Parties or any Subsidiary or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any
Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by such Loan Party or any
Subsidiary, provided that, in the case of information received from a Loan Party or any
Subsidiary after the date hereof, such information is

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either (i) financial statements or (ii) clearly identified at the time of delivery as
confidential. Any Person required to maintain the confidentiality of Information as provided in
this Section shall be considered to have complied with its obligation to do so if such Person has
exercised the same degree of care to maintain the confidentiality of such Information as such
Person would accord to its own confidential information.

     Each of the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (a) the
Information may include material non-public information concerning the Borrower or a Subsidiary, as
the case may be, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public information in accordance
with applicable Law, including United States Federal and state securities Laws.

11.08 Set-off.

     If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer 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 or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever
currency) at any time owing by such Lender, the L/C Issuer or any such Affiliate to or for the
credit or the account of the Borrower or any other Loan Party against any and all of the
obligations of the Borrower or such Loan Party now or hereafter existing under this Agreement or
any other Loan Document to such Lender or the L/C Issuer, irrespective of whether or not such
Lender or the L/C Issuer shall have made any demand under this Agreement or any other Loan Document
and although such obligations of the Borrower or such Loan Party may be contingent or unmatured or
are owed to a branch or office of such Lender or the L/C Issuer different from the branch or office
holding such deposit or obligated on such indebtedness. The rights of each Lender, the L/C Issuer
and their respective Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates
may have. Each Lender and the L/C Issuer agrees to notify the Borrower and the Administrative
Agent promptly after any such setoff and application, provided that the failure to give
such notice shall not affect the validity of such setoff and application.

11.09 Interest Rate Limitation.

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

11.10 Counterparts; Integration; Effectiveness.

     This Agreement may be executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when taken together
shall constitute a single contract. This Agreement and the other Loan Documents constitute the
entire contract among the parties relating to the subject matter hereof and supersede any and all
previous agreements and

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understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 5.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy shall be effective as
delivery of a manually executed counterpart of this Agreement.

11.11 Survival of Representations and Warranties.

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

11.12 Severability.

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

11.13 Replacement of Lenders.

     If (i) any Lender requests compensation under Section 3.04, (ii) the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 3.01, or (iii) a Lender (a “Non-Consenting
Lender”) does not consent to a proposed change, waiver, discharge or termination with respect
to any Loan Document that has been approved by the Required Lenders as provided in Section
11.01 but requires unanimous consent of all Lenders or all Lenders directly affected thereby
(as applicable) and, or (iv) any Lender is a Defaulting Lender, then the Borrower may, at its sole
expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to
assign and delegate, without recourse (in accordance with and subject to the restrictions contained
in, and consents required by, Section 11.06), all of its interests, rights and obligations
under this Agreement and the related Loan Documents to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment),
provided that:

     (a) the Borrower shall have paid to the Administrative Agent the assignment fee
specified in Section 11.06(b);

     (b) such Lender shall have received payment of an amount equal to the outstanding
principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all
other amounts payable to it hereunder and under the other Loan Documents (including any
amounts under Section 3.05) from the assignee (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts);

94

 

     (c) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter;

     (d) such assignment does not conflict with applicable Laws; and

     (e) in the case of any such assignment resulting from a Non-Consenting Lender’s failure
to consent to a proposed change, waiver, discharge or termination with respect to any Loan
Document, the applicable replacement bank, financial institution or Fund consents to the
proposed change, waiver, discharge or termination; provided that the failure by such
Non-Consenting Lender to execute and deliver an Assignment and Assumption shall not impair
the validity of the removal of such Non-Consenting Lender and the mandatory assignment of
such Non-Consenting Lender’s Commitments and outstanding Loans and participations in L/C
Obligations and Swing Line Loans pursuant to this Section 11.13 shall nevertheless
be effective without the execution by such Non-Consenting Lender of an Assignment and
Assumption.

     A Lender shall not be required to make any such assignment or delegation if, prior thereto, as
a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
require such assignment and delegation cease to apply.

11.14 Governing Law; Jurisdiction; Etc.

     (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK) WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD
REQUIRE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

     (b) SUBMISSION TO JURISDICTION. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY
AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE
COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT
OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR
RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND
DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN
SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT
OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT
SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE
HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

95

 

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

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT
THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

11.15 Waiver of Right to Trial by Jury.

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

11.16 USA PATRIOT Act Notice.

     Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the
requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the “Act”), it is required to obtain, verify and record information that identifies the
Borrower, which information includes the name and address of the Borrower and other information
that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower in
accordance with the Act.

11.17 No Advisory or Fiduciary Relationship.

     In connection with all aspects of each transaction contemplated hereby (including in
connection with any amendment, waiver or other modification hereof or of any other Loan Document,
the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A)
the arranging and other services regarding this Agreement provided by the Administrative Agent and
BAS, are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one
hand, and the Administrative Agent and BAS, on the other hand, (B) the Borrower has consulted its
own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C)
the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions
of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the
Administrative Agent and BAS each is and has been acting

96

 

solely as a principal and, except as expressly agreed in writing by the relevant parties, has
not been, is not and will not be acting as an advisor, agent or fiduciary, for the Borrower or any
of Affiliates or any other Person and (B) neither the Administrative Agent nor BAS has any
obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated
hereby except those obligations expressly set forth herein and in the other Loan Documents; and
(iii) the Administrative Agent and BAS 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 neither the Administrative Agent nor BAS has any obligation to disclose any of such
interests to the Borrower or its Affiliates. To the fullest extent permitted by law, the Borrower
hereby waives and releases, any claims that it may have against the Administrative Agent or BAS
with respect to any breach or alleged breach of agency or fiduciary duty in connection with any
aspect of any transaction contemplated hereby.

[SIGNATURE PAGES FOLLOW]

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

	 	 	 	 	 	 	 
	BORROWER:	 	NAMEMEDIA, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Vincent A. Chippari	 	 
	 

	 	Name:

Title:
	 	 

	 	 
	 
	 	 	 	 	 	 
	GUARANTORS:	 	RARE NAMES, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:

Title:
	 	 
Jeffrey S. Bennett

Secretary
	 	 
	 
	 	 	 	 	 	 
	 	 	DOMAIN SERVICES, LLC,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	President and Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	DOMAINADMINISTRATION.COM, LLC,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	President and Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	MF GROUP, LLC,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	President and Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	DOMAIN PARKING SERVICES, LLC,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	President and Chief Operating Officer	 	 

 

 

	 	 	 	 	 	 	 
	 	 	IGUIDE, INC.,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett 	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	MEDIA COMMUNITY, LLC,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	President and Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	DOMAIN MARKETPLACE, LLC,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	President and Chief Operating Officer	 	 
	 
	 	 	 	 	 	 
	 	 	LUMINAL PATH CORPORATION,	 	 
	 	 	a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Jeffrey S. Bennett	 	 
	 

	 	Name:
	 	 
Jeffrey S. Bennett
	 	 
	 

	 	Title:	 	Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	ADMINISTRATIVE AGENT:	 	BANK OF AMERICA, N.A.,	 	 
	 	 	as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Brenda H. Little	 	 
	 

	 	Name:
	 	 
Brenda H. Little
	 	 
	 

	 	Title:	 	Assistant Vice President	 	 
	 
	 	 	 	 	 	 
	LENDERS:	 	BANK OF AMERICA, N.A.,	 	 
	 	 	as a Lender, Swing Line Lender and L/C Issuer	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Julie Yamauchi	 	 
	 

	 	Name:
	 	 
Julie Yamauchi
	 	 
	 

	 	Title:	 	SVP	 	 
	 
	 	 	 	 	 	 
	 	 	COMERICA BANK 	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James DeMoy	 	 
	 

	 	Name:
	 	 
James DeMoy
	 	 
	 

	 	Title:	 	Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	ROYAL BANK OF CANADA,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Mark S. Gronich	 	 
	 

	 	Name:
	 	 

Mark S. Gronich	 	 
	 

	 	Title:	 	Authorized Person	 	 
	 
	 	 	 	 	 	 
	 	 	JEFFRIES FINANCE LLC,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ E. Joseph Hess	 	 
	 

	 	Name:
	 	 
E. Joseph Hess	 	 
	 

	 	Title:	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	JEFFERIES FINANCE CP FUNDING LLC,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ E. Joseph Hess	 	 
	 

	 	Name:
	 	 
E. Joseph Hess	 	 
	 

	 	Title:	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 	 	NEWSTAR WAREHOUSE FUNDING 2005 LLC	 	 
	 	 	By: NewStar Financial, Inc., its Manager,
as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Robert E. Hornstein	 	 
	 

	 	Name:	 	 
Robert E. Hornstein	 	 
	 

	 	Title:	 	Managing Director
Portfolio Management	 	 
	 
	 	 	 	 	 	 
	 	 	BAMM FUNDING I LLC	 	 
	 
	 	 	 	 	 	 
	 	 	BY: BANC OF
AMERICA MIDDLE MARKET FUNDING LLC, AS 
MEMBER

BY: BANK OF AMERICA, NATIONAL ASSOCIATION, AS 
MANAGING MEMBER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:	 	/s/ Mohit Ramani	 	 
	 

	 	NAME:
	 	
MOHIT RAMANI	 	 
	 

	 	TITLE:	 	VICE PRESIDENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00134-of-00352.parquet"}]]