Document:

Amended and Restated Credit Agreement dated October 3, 2005

 Exhibit 10.1 
  
 EXECUTION COPY 
  
 Published CUSIP Number: ________________ 
  

  
 AMENDED AND RESTATED CREDIT AGREEMENT

  
 among 
  
 KNOLL, INC., 
  
 as Borrower, 
  
 The Several Lenders from Time to Time Parties Hereto, 
  
 UBS SECURITIES LLC, 
  
 as Syndication Agent, 
  
 BANK OF AMERICA, N.A., 
  
 as
Administrative Agent, 
  
 UBS SECURITIES LLC and BANC OF AMERICA
SECURITIES LLC, 
  
 as Joint Lead Arrangers and Joint Bookrunners,

  
 and 
  
 CITIBANK, F.S.B., MANUFACTURERS AND TRADERS TRUST COMPANY and HARRIS N.A.,

  
 as Co-Documentation Agents 
  
 Dated as of October 3, 2005 
  

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page

	ARTICLE I DEFINITIONS	  	1
	 SECTION 1.1.
	 	Defined Terms	  	1
	 SECTION 1.2.
	 	Terms Generally	  	27
	 SECTION 1.3.
	 	Pro Forma Calculations	  	27
	 SECTION 1.4.
	 	Classification of Loans and Borrowings	  	27
	 SECTION 1.5.
	 	Currency Equivalents Generally	  	27
	 SECTION 1.6.
	 	Interrelationship with Original Credit Agreement	  	28
	 SECTION 1.7.
	 	Letter of Credit Amounts	  	28
		
	ARTICLE II THE CREDITS	  	28
	 SECTION 2.1.
	 	Commitments	  	28
	 SECTION 2.2.
	 	Loans	  	29
	 SECTION 2.3.
	 	Borrowing Procedure	  	30
	 SECTION 2.4.
	 	Evidence of Debt; Repayment of Loans	  	30
	 SECTION 2.5.
	 	Fees	  	31
	 SECTION 2.6.
	 	Interest on Loans	  	32
	 SECTION 2.7.
	 	Default Interest	  	32
	 SECTION 2.8.
	 	Alternate Rate of Interest	  	32
	 SECTION 2.9.
	 	Termination and Reduction of Commitments	  	33
	 SECTION 2.10.
	 	Conversion and Continuation of Borrowings	  	33
	 SECTION 2.11.
	 	Repayment of Term Loan Borrowings	  	34
	 SECTION 2.12.
	 	Optional Prepayments	  	35
	 SECTION 2.13.
	 	Mandatory Prepayments	  	36
	 SECTION 2.14.
	 	Reserve Requirements; Change in Circumstances	  	37
	 SECTION 2.15.
	 	Indemnity	  	38
	 SECTION 2.16.
	 	Pro Rata Treatment	  	38
	 SECTION 2.17.
	 	Sharing of Setoffs	  	38
	 SECTION 2.18.
	 	Payments	  	39
	 SECTION 2.19.
	 	Taxes	  	39
	 SECTION 2.20.
	 	Assignment of Commitments Under Certain Circumstances; Duty to Mitigate	  	40
	 SECTION 2.21.
	 	Swingline Loans	  	41
	 SECTION 2.22.
	 	Letters of Credit	  	42
	 SECTION 2.23.
	 	Increase in Term Loan Commitments	  	47
	 SECTION 2.24.
	 	Increase in Revolving Credit Commitments	  	49
		
	ARTICLE III REPRESENTATIONS AND WARRANTIES	  	50
	 SECTION 3.1.
	 	Organization; Powers	  	50
	 SECTION 3.2.
	 	Authorization	  	50
	 SECTION 3.3.
	 	Enforceability	  	50
	 SECTION 3.4.
	 	Governmental Approvals	  	50
	 SECTION 3.5.
	 	Financial Statements	  	51
	 SECTION 3.6.
	 	No Material Adverse Change	  	51
	 SECTION 3.7.
	 	Title to Properties; Possession Under Leases	  	51
	 SECTION 3.8.
	 	Subsidiaries	  	52
	 SECTION 3.9.
	 	Litigation; Compliance with Laws	  	52
	 SECTION 3.10.
	 	Agreements	  	53

  

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	 SECTION 3.11.
	  	Federal Reserve Regulations	  	53
	 SECTION 3.12.
	  	Investment Company Act; Public Utility Holding Company Act	  	53
	 SECTION 3.13.
	  	Use of Proceeds	  	53
	 SECTION 3.14.
	  	Tax Returns	  	53
	 SECTION 3.15.
	  	No Material Misstatements	  	53
	 SECTION 3.16.
	  	Employee Benefit Plans	  	54
	 SECTION 3.17.
	  	Environmental Matters	  	54
	 SECTION 3.18.
	  	Insurance	  	54
	 SECTION 3.19.
	  	Security Documents	  	54
	 SECTION 3.20.
	  	Location of Real Property and Leased Premises	  	55
	 SECTION 3.21.
	  	Labor Matters	  	55
	 SECTION 3.22.
	  	Solvency	  	55
	 SECTION 3.23.
	  	Certain Treasury Regulation Matters	  	56
	 SECTION 3.24.
	  	Foreign Assets Control Regulations, Etc.	  	56
		
	 ARTICLE IV CONDITIONS OF EFFECTIVENESS/LENDING
	  	56
	 SECTION 4.1.
	  	All Credit Events	  	56
	 SECTION 4.2.
	  	First Credit Event	  	57
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	59
	 SECTION 5.1.
	  	Existence; Businesses and Properties	  	59
	 SECTION 5.2.
	  	Insurance	  	59
	 SECTION 5.3.
	  	Taxes	  	61
	 SECTION 5.4.
	  	Financial Statements, Reports, etc.	  	61
	 SECTION 5.5.
	  	Litigation and Other Notices	  	63
	 SECTION 5.6.
	  	Information Regarding Collateral	  	63
	 SECTION 5.7.
	  	Maintaining Records; Access to Properties and Inspections	  	63
	 SECTION 5.8.
	  	Use of Proceeds	  	64
	 SECTION 5.9.
	  	Further Assurances	  	64
	 SECTION 5.10.
	  	Certain Treasury Regulation Matters	  	65
	 SECTION 5.11.
	  	Hedging Agreements	  	65
	 SECTION 5.12.
	  	Environmental Laws	  	65
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	66
	 SECTION 6.1.
	  	Indebtedness	  	67
	 SECTION 6.2.
	  	Liens	  	68
	 SECTION 6.3.
	  	Sale and Lease-Back Transactions	  	70
	 SECTION 6.4.
	  	Investments, Loans and Advances	  	71
	 SECTION 6.5.
	  	Mergers, Consolidations, Sales of Assets and Acquisitions	  	73
	 SECTION 6.6.
	  	Restricted Payments; Restrictive Agreements	  	73
	 SECTION 6.7.
	  	Transactions with Affiliates	  	75
	 SECTION 6.8.
	  	Business of Borrower and Subsidiaries	  	75
	 SECTION 6.9.
	  	Amendments and Prepayments of Subordinated Indebtedness	  	76
	 SECTION 6.10.
	  	Capital Expenditures	  	76
	 SECTION 6.11.
	  	Interest Coverage Ratio	  	77
	 SECTION 6.12.
	  	Maximum Leverage Ratio	  	77
	 SECTION 6.13.
	  	Fiscal Year	  	77

  

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	 ARTICLE VII EVENTS OF DEFAULT
	  	78
		
	 ARTICLE VIII THE AGENTS
	  	80
	 SECTION 8.1.
	  	Appointment	  	80
	 SECTION 8.2.
	  	Delegation of Duties	  	81
	 SECTION 8.3.
	  	Exculpatory Provisions	  	81
	 SECTION 8.4.
	  	Reliance by Administrative Agent	  	81
	 SECTION 8.5.
	  	Notice of Default	  	81
	 SECTION 8.6.
	  	Non-Reliance on Agents and Other Lenders	  	82
	 SECTION 8.7.
	  	Indemnification	  	82
	 SECTION 8.8.
	  	Agent in Its Individual Capacity	  	82
	 SECTION 8.9.
	  	Successor Administrative Agent	  	83
	 SECTION 8.10.
	  	Co-Documentation Agents, Arrangers and Syndication Agent	  	83
		
	 ARTICLE IX MISCELLANEOUS
	  	83
	 SECTION 9.1.
	  	Notices	  	83
	 SECTION 9.2.
	  	Survival of Agreement	  	84
	 SECTION 9.3.
	  	Binding Effect	  	84
	 SECTION 9.4.
	  	Successors and Assigns	  	84
	 SECTION 9.5.
	  	Expenses; Indemnity	  	87
	 SECTION 9.6.
	  	Right of Setoff	  	88
	 SECTION 9.7.
	  	Applicable Law	  	89
	 SECTION 9.8.
	  	Waivers; Amendment	  	89
	 SECTION 9.9.
	  	Interest Rate Limitation	  	90
	 SECTION 9.10.
	  	Entire Agreement	  	90
	 SECTION 9.11.
	  	WAIVER OF JURY TRIAL	  	91
	 SECTION 9.12.
	  	Severability	  	91
	 SECTION 9.13.
	  	Counterparts	  	91
	 SECTION 9.14.
	  	Headings	  	91
	 SECTION 9.15.
	  	Jurisdiction; Consent to Service of Process	  	91
	 SECTION 9.16.
	  	Confidentiality	  	92
	 SECTION 9.17.
	  	USA Patriot Act	  	92
	 SECTION 9.18.
	  	Releases of Guarantees and Liens	  	92
	 SECTION 9.19.
	  	Administrative Agent May File Proofs of Claim	  	93
	 SECTION 9.20.
	  	Original Credit Agreement Superseded	  	93
			
	 Schedules

	  	 	  	 
			
	 Schedule 1.1(a)
	  	 Guarantors
	  	 
	 Schedule 1.1(b)
	  	 Mortgaged Properties
	  	 
	 Schedule 1.1(c)
	  	 Asset Sale Dispositions
	  	 
	 Schedule 1.1(d)
	  	 Existing Letters of Credit
	  	 
	 Schedule 2.1
	  	 Lenders and Commitments
	  	 
	 Schedule 3.1
	  	 Good Standing of Certain Foreign Subsidiaries
	  	 
	 Schedule 3.2
	  	 Authorizations
	  	 
	 Schedule 3.4
	  	 Governmental Approvals
	  	 
	 Schedule 3.5(a)
	  	 Material Liabilities Not Reflected in Balance Sheet
	  	 
	 Schedule 3.8
	  	 Subsidiaries
	  	 
	 Schedule 3.18
	  	 Insurance
	  	 
	 Schedule 3.19(a)
	  	 Filing Offices
	  	 
	 Schedule 3.19(c)
	  	 Mortgage Filing Offices
	  	 

  

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	 Schedule 3.20(a)
	  	Owned Property	  	 
	 Schedule 3.20(b)
	  	Leased Property	  	 
	 Schedule 4.2(a)
	  	Other Local Counsel	  	 
	 Schedule 6.1
	  	Existing Indebtedness	  	 
	 Schedule 6.2
	  	Existing Liens	  	 
	 Schedule 6.4
	  	Existing Investments	  	 
	 Schedule 9.1(b)
	  	Notices to the Administrative Agent, Swingline Lender and Issuing Bank	  	 
			
	 Exhibits
	  	 	  	 
			
	 EXHIBIT A
	  	Form of Assignment and Assumption	  	 
	 EXHIBIT B
	  	Form of Borrowing Request	  	 
	 EXHIBIT C
	  	Form of Guarantee and Collateral Agreement	  	 
	 EXHIBIT D
	  	Form of L/C Request	  	 
	 EXHIBIT E
	  	Form of Interest Election Request	  	 
	 EXHIBIT F
	  	Form of Mortgage	  	 
	 EXHIBIT G
	  	Form of Opinion of Willkie Farr & Gallagher LLP	  	 

  

 iv 

 This AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of
October 3, 2005, among KNOLL, INC., a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”), UBS
SECURITIES LLC, as syndication agent (in such capacity, the “Syndication Agent”), BANK OF AMERICA, N.A., as administrative agent, UBS AG, STAMFORD BRANCH, as an Issuing Bank, UBS SECURITIES LLC and BANC OF AMERICA SECURITIES LLC, as
joint lead arrangers and joint bookrunners (collectively, the “Arrangers”), and CITIBANK, F.S.B., MANUFACTURERS AND TRADERS TRUST COMPANY and HARRIS N.A., as co-documentation agents (collectively, the “Co-Documentation
Agents”), AMENDS AND RESTATES IN FULL the Credit Agreement, dated as of September 30, 2004, among the Borrower, each lender from time to time party thereto (the “Original Lenders”), UBS AG, Stamford Branch, as
administrative agent (the “Original Administrative Agent”, and the other Persons party thereto (the “Original Credit Agreement”). 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Borrower has requested that the Lenders agree to amend and
restate the Original Credit Agreement; 
  
 WHEREAS, it is the
intent of the parties hereto to amend and restate in its entirety the Original Credit Agreement and that, from and after the Closing Date, the Original Credit Agreement shall be of no force and effect except to evidence the terms and conditions
under which the Borrower heretofore has incurred obligations and liabilities to the Original Lenders and the administrative agent under the Original Credit Agreement (as evidenced by the Original Credit Agreement and the Original Administrative
Agent’s books and records); and 
  
 WHEREAS, the Lenders are
willing to amend and restate the Original Credit Agreement and continue to extend credit to the Borrower upon and subject to the terms and conditions hereinafter set forth. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and
agree as follows: 
  
 ARTICLE I 
 Definitions 
  
 SECTION 1.1. Defined Terms. As used in this Agreement, the following terms shall have the meanings specified below: 
  
 “ABR” when used in reference to any Loan or Borrowing,
refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 
  
 “Acquired CapEx Amount” shall have the meaning assigned to such term in Section 6.10(a). 
  
 “Acquired Entity” shall have the meaning assigned to such
term in Section 6.4(g). 
  
 “Additional Equity
Proceeds Amount” shall mean the amount of primary cash equity proceeds received by the Borrower from its shareholders after the Closing Date to the extent such proceeds have not been used to make Restricted Payments pursuant to
Section 6.6. 

 “Administrative Agent” shall mean Bank of America, N.A., together with its affiliates,
as the administrative agent for the Lenders under this Agreement and the other Loan Documents, together with any of its successors. 
  
 “Advisors” shall have the meaning assigned to such term in Section 9.5(a). 
  
 “Affiliate” shall mean, when used with respect to a
specified person, another person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the person specified. 
  
 “Agents” shall mean the collective reference to the Syndication Agent, the Co-Documentation Agents and the
Administrative Agent. 
  
 “Aggregate Revolving Credit
Exposure” shall mean the aggregate amount of the Lenders’ Revolving Credit Exposures. 
  
 “Alternate Base Rate” shall mean, for any day, a rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the
greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1%. For purposes hereof: “Prime Rate” shall mean the rate of interest per annum publicly announced from time to time by Bank of America, N.A. (the Prime Rate not being intended to be the lowest rate of
interest charged by Bank of America, N.A., in connection with extensions of credit to debtors). Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the
effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
  
 “Applicable Percentage” shall mean, for any day, with respect to any Eurodollar Loan or ABR Loan, as the case may be, the applicable
percentage set forth below under the caption “Eurodollar Spread-Term Loans”, “ABR Spread-Term Loans”, “Eurodollar Spread-Revolving Loans and Swingline Loans” or “ABR Spread-Revolving Loans and Swingline
Loans”, as the case may be: 
  

							
	Eurodollar
Spread-Term
Loans

	 	ABR
Spread-Term
Loans

	 	Eurodollar Spread-
Revolving Loans and
Swingline Loans

	 	ABR Spread-
Revolving Loans and
Swingline Loans

	2.00%	 	1.00%	 	2.00%	 	1.00%

  
 ; provided, that on and after
the first Adjustment Date (as defined in the definition of “Pricing Grid”) occurring after December 31, 2005, the Applicable Percentage with respect to Revolving Loans, Term Loans (other than Other Term Loans) and Swingline Loans will
be determined pursuant to the Pricing Grid. 
  
 “Approved
Fund” shall mean 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 and that is
administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
  
 “Arrangers” shall have the meaning assigned to such term in the preamble hereto. 
  
 “Asset Sale” shall mean the sale, transfer or other
disposition (by way of merger, casualty, condemnation or otherwise but excluding investments permitted by Section 6.4) by the Borrower or any of the Subsidiaries to any person other than the Borrower or any Guarantor of (a) any Equity
Interests of 

  

 2 

 
any of the Subsidiaries (other than directors’ qualifying shares or the sale by any person of Equity Interests of such person) or (b) any other
assets of the Borrower or any of the Subsidiaries (other than (i) inventory, damaged, obsolete or worn out assets, scrap and Permitted Investments, in each case disposed of in the ordinary course of business, (ii) dispositions between or
among the Borrower and Domestic Subsidiaries, (iii) dispositions listed on Schedule 1.1(c) hereto; (iv) dispositions between or among Foreign Subsidiaries; and (v) dispositions of assets from any Loan Party to any Foreign Subsidiary
if the disposition is treated as an investment in the Foreign Subsidiary and such investment is permitted by Section 6.4). 
  
 “Assignment and Assumption” shall mean an Assignment and Assumption, substantially in the form of Exhibit A or such other form as may be
approved by the Administrative Agent. 
  
 “Board”
shall mean the Board of Governors of the Federal Reserve System of the United States of America. 
  
 “Borrower” shall have the meaning assigned to such term in the preamble hereto. 
  
 “Borrowing” shall mean (a) Loans of the same Class and
Type made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect, or (b) a Swingline Loan. 
  
 “Borrowing Request” shall mean a request by the Borrower in accordance with the terms of Section 2.3
and substantially in the form of Exhibit B, or such other form as shall be approved by the Administrative Agent. 
  
 “Breakage Event” shall have the meaning assigned to such term in Section 2.15. 
  
 “Business Day” shall mean any day other than a Saturday,
Sunday or day on which banks in New York City are authorized or required by law to close; provided, however, that when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on
which banks are not open for dealings in dollar deposits in the London interbank market. 
  
 “Capital Expenditures” shall mean, for any period, (a) the additions to property, plant and equipment and other capital expenditures of the Borrower and its consolidated Subsidiaries that are (or
should be) set forth in a consolidated statement of cash flows of the Borrower for such period prepared in accordance with GAAP and (b) Capital Lease Obligations or Synthetic Lease Obligations incurred by the Borrower and its consolidated
Subsidiaries during such period, but excluding in each case (i) any such expenditure made to restore, replace or rebuild property to the condition of such property immediately prior to any damage, loss, destruction or condemnation of such
property, to the extent such expenditure is made with insurance proceeds, condemnation awards or damage recovery proceeds relating to any such damage, loss, destruction or condemnation, (ii) any such expenditure made as the purchase price of
any Permitted Acquisition, (iii) capital expenditures relating to the construction or acquisition of any property that has been transferred to a person (other than the Borrower or any Subsidiary) pursuant to a sale-leaseback transaction
permitted under Section 6.3, (iv) interest capitalized during such period, (v) the purchase price of equipment that is purchased during such period to the extent the consideration therefor consists of any combination of (x) used
or surplus equipment traded in at the time of such purchase and (y) the proceeds of a concurrent sale of used or surplus equipment, in each case, in the ordinary course of business, (vi) the purchase price of equipment that is purchased
substantially contemporaneously with the trade-in of existing equipment to the extent that the gross amount of the such price is reduced by the credit granted by the seller of such equipment for the equipment being traded at such time or
(vii) any capital expenditures made with Net Cash Proceeds received from an Asset Sale. 
  

 3 

 “Capital Lease Obligations” of any person shall mean the obligations of such person to
pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance
sheet of such person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 
  
 “Cash Management Obligations” shall mean obligations owed by the Borrower or any of its Subsidiaries to any Lender or any Affiliate of a
Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds. 
  
 “Change in Control” shall mean any of the following events: 
  
 (a) any “person” or “group” (within the
meaning of the Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof) other than the Permitted Investors becomes, directly or indirectly, the beneficial owner of Equity Interests in the Borrower
representing more than 40% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Borrower and the percentage of aggregate voting power owned by such “person” or “group” exceeds
the percentage of ordinary voting power owned by the Permitted Investors; 
  
 (b) at any time, occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by persons who were neither nominated by the board of directors of the Borrower nor appointed
by directors so nominated; or 
  
 (c) the
occurrence of any change in control or similar event (however denominated) with respect to the Borrower under and as defined in any indenture or agreement in respect of Material Indebtedness to which the Borrower or a Subsidiary is a party.

  
 “Change in Law” shall mean (a) the
adoption of any law, rule or regulation after the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or
(c) compliance by any Lender or the Issuing Bank (or, for purposes of Section 2.14, by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any request, guideline or directive
(whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement. 
  
 “Charges” shall have the meaning assigned to such term in Section 9.9. 
  
 “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, are Revolving Loans, Term Loans, Other Term Loans or Swingline Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Credit Commitment, an Incremental Revolving Credit
Commitment, a Term Loan Commitment, an Incremental Term Loan Commitment or a Swingline Commitment. 
  
 “Closing Date” shall mean October 3, 2005. 
  

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 
  
 “Co-Documentation Agents” shall have the meaning assigned to
such term in the preamble hereto. 
  

 4 

 “Collateral” shall mean all the “Collateral” as defined in any Security
Document, and shall include the Mortgaged Properties. 
  
 “Commitment” shall mean, with respect to any Lender, such Lender’s Revolving Credit Commitment and Term Loan Commitment. 
  
 “Commitment Fee” shall have the meaning assigned to such term in Section 2.5(a). 
  
 “Commitment Fee Rate” shall initially mean 0.50%;
provided, that on and after the first Adjustment Date (as defined in the definition of “Pricing Grid”) occurring after the Closing Date, the Commitment Fee Rate will be determined pursuant to the Pricing Grid. 
  
 “Commitment Letter” shall mean the Commitment Letter dated
September 6, 2005, among the Borrower, UBS Loan Finance LLC, Banc of America Securities LLC and the Agents. 
  
 “Completion of the Primary Syndication” shall mean the date on which the Administrative Agent delivers notice to the Borrower that the
primary syndication of the Loans and Commitments is complete (which notice shall be delivered upon such completion promptly after written request by the Borrower). 
  
 “Conduit Lender” shall mean any special purpose corporation organized and administered by any Lender for
the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any
of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents
and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.14, 2.15, 2.19
or 9.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment. 
  
 “Confidential Information Memorandum” shall mean the Confidential Information Memorandum of the Borrower
dated September, 2005. 
  
 “Consolidated EBITDA”
shall mean, for any period, Consolidated Net Income for such period plus (a) without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of (i) Consolidated Interest Expense for such period,
(ii) all amounts for taxes based on income, profits or capital and commercial activity payments to taxing authorities (or in each case similar taxes or payments), including, without limitation, income tax expense of consolidated Foreign
Subsidiaries and foreign withholding tax expense for such period, (iii) all amounts attributable to depreciation and amortization for such period, (iv) any non-recurring fees, cash charges and other cash expenses made or incurred in
connection with the Transactions that are paid or otherwise accounted for within 180 days of the consummation of the Transactions, (v) any extraordinary losses, (vi) (A) facilities relocation or closing costs, (B) non-recurring
restructuring costs and (C) integration costs and fees, including cash severance costs, in connection with Permitted Acquisitions, in each case incurred during such period and payable in cash, in an aggregate amount under this clause (vi)
not to exceed $10,000,000, (vii) amortization and impairment charges resulting from purchase accounting adjustments (including inventory step-up adjustments recognized in costs of sales and write-offs of in-process research and development
costs), (viii) any non-cash compensation charges and deferred compensation charges, including arising from stock options, taken during such period, (ix) any other non-cash charges (other than the write-down of current assets), impairments
and expenses for such period (including amortization of loan acquisition costs and unrealized gains and losses on Hedging Agreements and gains and losses on 

  

 5 

 
foreign exchange (including in respect of intercompany notes)) and (x) fees, cash charges and other cash expenses made or incurred in connection with
equity or debt financings and amendments and waivers thereto, minus (b) without duplication (i) all cash payments made during such period on account of non-cash charges added to Consolidated Net Income pursuant to clauses (a)(viii)
or (ix) above in such period or in a previous period and (ii) to the extent included in determining such Consolidated Net Income, any extraordinary gains and all non-cash items of income (other than normal accruals in the ordinary course
of business) for such period, all determined on a consolidated basis in accordance with GAAP. 
  
 “Consolidated Interest Expense” shall mean, for any period, the sum of (a) the interest expense (including imputed interest expense in respect of Capital Lease Obligations and Synthetic Lease
Obligations), net of cash interest income of the Borrower and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, plus (b) any interest accrued during such period in respect of Indebtedness of
the Borrower or any Subsidiary that is required to be capitalized rather than included in consolidated interest expense for such period in accordance with GAAP. For purposes of the foregoing, interest expense shall be determined (a) by
excluding non-cash interest expense and amortization of deferred financing costs and original issue discount and (b) after giving effect to any net payments made or received by the Borrower or any Subsidiary with respect to interest rate
Hedging Agreements. 
  
 “Consolidated Net Income”
shall mean, for any period, the net income or loss of the Borrower and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP; provided, that there shall be excluded (a) the income of any Subsidiary
to the extent that the declaration or payment of dividends or similar distributions by the Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, statute, rule
or governmental regulation applicable to such Subsidiary, (b) the income or loss of any person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated with the Borrower or any Subsidiary or the date that such
person’s assets are acquired by the Borrower or any Subsidiary, (c) the income of any person in which any other person (other than the Borrower or a wholly owned Subsidiary or any director holding qualifying shares in accordance with
applicable law) has a joint interest, except to the extent of the amount of dividends or other distributions actually paid to the Borrower or a wholly owned Subsidiary by such person during such period, (d) any gains or losses attributable to
sales of assets out of the ordinary course of business in excess of $2,500,000 and (e) gains and losses, realized or unrealized, relating to fluctuations in currency values. Notwithstanding anything set forth in clause (a) above to the
contrary, a Foreign Subsidiary may agree to restrict its ability to declare dividends or similar distributions without excluding the net income of such Foreign Subsidiary from Consolidated Net Income so long as (a) the agreement that restricts
such ability relates to Indebtedness of such Foreign Subsidiary described in Section 6.1(l) or Section 6.1(o), (b) the proceeds thereof are used, directly or indirectly through intercompany transfers, to prepay the Loans and
(c) the net income of such Foreign Subsidiary, together with the net income of each other Foreign Subsidiary subject to a similar restriction, does not exceed 10% of Consolidated Net Income. 
  
 “Control” shall mean 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 ownership of voting securities, by contract or otherwise, and the terms “Controlling” and “Controlled”
shall have meanings correlative thereto. 
  
 “Copyrights” shall have the meaning assigned to such term in the Guarantee and Collateral Agreement. 
  
 “Credit Event” shall have the meaning assigned to such term in Section 4.1. 
  

 6 

 “Cure Amount” shall have the meaning assigned to such term in Article VII. 

 
 “Cure Right” shall have the meaning assigned to such term
in Article VII. 
  
 “Current Assets” shall mean,
at any time, the consolidated current assets (other than cash, deferred income taxes and Permitted Investments) of the Borrower and the Subsidiaries. 
  
 “Current Liabilities” shall mean, at any time, the consolidated current liabilities of the Borrower and the Subsidiaries at such time,
but excluding, without duplication, (a) the current portion of any long-term Indebtedness and (b) outstanding Revolving Loans and Swingline Loans. 
  
 “De Minimis Holders” shall mean, with respect to any wholly owned Subsidiary, holders of directors’ qualifying shares and other de
minimis ownership interests required to be owned under foreign law by local residents. 
  
 “Default” shall mean any event or condition which upon notice, lapse of time or both would constitute an Event of Default. 
  
 “Defaulting Lender” shall mean any Lender that (a) has failed to fund any portion of the Term Loans,
Revolving Loans, participations in L/C Exposure or participations in Swingline Loans required to be funded by it hereunder within one (1) Business Day of the date required to be funded by it hereunder, unless the subject of a good faith
dispute, (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 (1) 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. 
  
 “Disqualified Preferred Stock” shall have the meaning given to it in the definition of “Indebtedness”. 
  
 “Dollar Equivalent” shall mean on any date of determination,
with respect to any amount hereunder denominated in any currency other than Dollars, the amount of Dollars that may be purchased with such amount of such currency at the exchange rate (determined in accordance with Section 1.5) with respect to
such currency on such date. 
  
 “Dollars” and
“$” shall mean dollars in lawful currency of the United States. 
  
 “Domestic Subsidiaries” shall mean all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia. If a Foreign Subsidiary
becomes a Guarantor and complies with the provisions of Section 5.9 as to collateral, the Borrower may elect by written notice to the Administrative Agent to treat such Subsidiary as a Domestic Subsidiary for purposes of the Loan Documents;
provided, that the Administrative Agent concludes, in its reasonable discretion, that the Lenders would have substantially the same rights against such Subsidiary pursuant to the Security Documents under the law of the relevant foreign
jurisdiction as the Lenders would have if such Subsidiary were organized in the United States of America. 
  
 “Environmental Laws” shall mean all Federal, state, provincial, local and foreign laws (including common law), treaties, regulations,
rules, ordinances, codes, decrees, judgments, directives having the force of law and orders (including consent orders), in each case, relating to protection of the environment, natural resources, human health and safety or the presence, Release of,
or exposure to, Hazardous Materials, or the generation, manufacture, processing, distribution, use, treatment, storage, transport, recycling or handling of, or the arrangement for such activities with respect to, Hazardous Materials. 
  

 7 

 “Environmental Liability” shall mean all liabilities, obligations, damages, losses,
claims, actions, suits, judgments, orders, fines, penalties, fees, expenses and costs (including administrative oversight costs, natural resource damages and remediation costs), whether contingent or otherwise, arising out of or relating to
(a) compliance or non-compliance with 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
of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed, or for which an indemnity is granted, with respect to any of the foregoing. 
  
 “Environmental Permits” shall mean any and all permits,
licenses, approvals, registrations, notifications, exemptions and any other authorization pursuant to any Environmental Law. 
  
 “Equity Interests” shall mean shares of capital stock, partnership interests, membership interests in a limited liability company,
beneficial interests in a trust or other equity interests in any person. 
  
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as the same may be amended from time to time. 
  
 “ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that, together with the
Borrower or any Subsidiary, is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code. 
  
 “ERISA Event”
shall mean (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder, with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the existence
with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or
Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan or the withdrawal or partial withdrawal of the Borrower or any of its ERISA Affiliates from any Plan or Multiemployer Plan; (e) the receipt by the Borrower or any of its ERISA Affiliates from the PBGC or a plan
administrator of any notice relating to the intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the adoption of any amendment to a Plan that would require the provision of security pursuant to
Section 401(a)(29) of the Code or Section 307 of ERISA; (g) the receipt by the Borrower or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan from the Borrower or any of its ERISA Affiliates of any
notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA; (h) the occurrence of a “prohibited
transaction” with respect to which the Borrower, any of the Subsidiaries or any ERISA Affiliate is a “disqualified person” (within the meaning of Section 4975 of the Code) or with respect to which the Borrower or any such
Subsidiary or ERISA Affiliate could otherwise be liable; or (i) any other event or condition with respect to a Plan or Multiemployer Plan that could result in liability of the Borrower or any ERISA Affiliate. 
  
 “Eurodollar” when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at a rate determined by reference to the Eurodollar Rate. 
  
 “Eurodollar Rate” shall mean, for any Interest Period with respect to a Eurodollar Loan, the rate per annum equal to the British Bankers
Association LIBOR Rate (“BBA LIBOR”), as published by 

  

 8 

 
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 Loan being made, continued or converted by Bank of America, N.A. and with a term equivalent to such Interest Period would be offered by Bank of America, N.A.’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. 
  
 “Event of Default” shall have the meaning assigned to such
term in Article VII. 
  
 “Excess Cash Flow”
shall mean, for any fiscal year of the Borrower, the excess of (a) the sum, without duplication, of (i) Consolidated EBITDA for such fiscal year and (ii) reductions to noncash working capital of the Borrower and the Subsidiaries for
such fiscal year (i.e., the decrease, if any, in Current Assets minus Current Liabilities from the beginning to the end of such fiscal year) over (b) the sum, without duplication, of (i) all income tax expense (including, without
limitation, income tax expense of consolidated Foreign Subsidiaries) and cash foreign withholding tax expense for such period, (ii) Consolidated Interest Expense for such fiscal year payable in cash, (iii) Capital Expenditures made in cash
in accordance with Section 6.10 and cash expenditures in connection with Permitted Acquisitions during such fiscal year, in each case except to the extent financed with the proceeds of Indebtedness, equity issuances or other proceeds that would
not be included in Consolidated EBITDA for such fiscal year, (iv) permanent repayments of Indebtedness (other than mandatory prepayments of Loans under Section 2.13), including the principal component of Capitalized Lease Obligations and
Synthetic Lease Obligations, made by the Borrower and the Subsidiaries during such fiscal year, but only to the extent that such prepayments by their terms cannot be reborrowed or redrawn and do not occur in connection with a refinancing of all or
any portion of such Indebtedness, (v) additions to noncash working capital for such fiscal year (i.e., the increase, if any, in Current Assets minus Current Liabilities from the beginning to the end of such fiscal year),
(vi) proceeds received by the Loan Parties during such fiscal year from insurance claims with respect to casualty events, business interruption or product recalls which reimburse prior business expenses, (vii) management fees for such
fiscal year permitted to be paid under Section 6.6(a)(iii), (viii) cash indemnity payments received during such fiscal year pursuant to indemnification provisions in any agreement in connection with any Permitted Acquisition or any other
investment permitted hereunder (or in any similar agreement related to any other acquisition consummated prior to the Original Closing Date), (ix) Restricted Payments made in such fiscal year to persons other than the Borrower or any Subsidiary
to the extent such Restricted Payments are permitted under Section 6.6(a)(ii), (iv), (v), (vii) and (viii), (x) letter of credit fees paid in such fiscal year, (xi) all extraordinary cash charges for such fiscal year,
(xii) cash payments made in satisfaction of current liabilities during such fiscal year, (xiii) to the extent included in determining Consolidated EBITDA, non-recurring cash charges for such fiscal year, (xiv) to the extent added to
Consolidated Net Income in determining Consolidated EBITDA, losses from discontinued operations for such fiscal year, (xv) cash expenditures made in respect of Hedging Agreements during such fiscal year to the extent not reflected in the
computation of Consolidated EBITDA and (xvi) to the extent not deducted from Consolidated Net Income in determining Consolidated EBITDA, cash payments for employment benefits made during such fiscal year. For purposes of computation of Excess
Cash Flow, Consolidated EBITDA shall be computed by excluding (A) items (iv), (v) and (vi) of clause (a) of the definition of Consolidated EBITDA to the extent such items are paid in cash during such fiscal year, (B) to the
extent added to Consolidated Net Income in determining Consolidated EBITDA, reserves deemed appropriate by the Borrower for Environmental Liabilities for such fiscal year, (C) without duplication of clause (b)(xvi) above and to the extent added
to 

  

 9 

 
Consolidated Net Income in determining Consolidated EBITDA, employment benefits for such fiscal year and (D) to the extent added to Consolidated Net
Income in determining Consolidated EBITDA, working capital changes resulting from purchase accounting for such fiscal year. 
  
 “Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, the Issuing Bank or any other recipient of any payment
to be made by or on account of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United States of America or by the jurisdiction 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 of America or any similar tax imposed by any other
jurisdiction described in clause (a) above and (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 2.20(a)), any withholding tax that is imposed on amounts payable to such
Foreign Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply with Section 2.19(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 2.19(a) (it
being understood and agreed, for the avoidance of doubt, that any withholding tax imposed on a Foreign Lender as a result of a Change in Law or regulation or interpretation thereof occurring after the time such Foreign Lender became a party to this
Agreement shall not be an Excluded Tax). 
  
 “Executive
Order” shall mean have the meaning assigned to such term in Section 3.24. 
  
 “Existing Letters of Credit” shall mean those letters of credit identified in Schedule 1.1(d). 
  
 “Facility” shall mean each of (a) the Initial Term Loan Commitments and the Term Loans made thereunder, (b) the Incremental
Term Loan Commitments and the Incremental Term Loans made thereunder, (c) the Revolving Credit Commitments and the extensions of credit made thereunder and (d) Incremental Revolving Credit Commitments and the extensions of credit made
thereunder. 
  
 “Facility Fees” shall have the
meaning assigned to such term in Section 2.5(b). 
  
 “Federal Funds Effective Rate” shall mean, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on
the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for the day of such transactions received by Bank of America, N.A.,
from three federal funds brokers of recognized standing selected by it. 
  
 “Fee Letter” shall mean the Fee Letter dated September 6, 2005, among the Borrower, UBS Loan Finance LLC, Banc of America Securities LLC and the Agents. 
  
 “Fee Payment Date” shall mean (a) the third Business Day following the last day of each March, June,
September and December and (b) the Revolving Credit Maturity Date. 
  
 “Fees” shall mean the Commitment Fees, the Facility Fees, the L/C Participation Fees, the Issuing Bank Fees and any other fees payable by a Loan Party pursuant to a fee agreement entered into with the Administrative Agent
or any other Lender. 
  
 “Financial Officer” of
any person shall mean the chief financial officer, principal accounting officer, Treasurer or Controller of such person. 
  

 10 

 “Financial Performance Covenant” shall have the meaning assigned to such term in Article
VII. 
  
 “Foreign Asset Control Regulations”
shall mean have the meaning assigned to such term in Section 3.24. 
  
 “Foreign Lender” shall mean any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is located. For purposes of this definition, the United States of America, each State thereof
and the District of Columbia shall be deemed to constitute a single jurisdiction. 
  
 “Foreign Subsidiary” shall mean any Subsidiary that is not a Domestic Subsidiary. 
  
 “Funded Debt” shall mean, as to any person, all Indebtedness of such person that matures more than one year from the date of its creation
or matures within one year from such date but is renewable or extendible, at the option of such person, to a date more than one year from such date or arises under a revolving credit or similar agreement that obligates the lender or lenders to
extend credit during a period of more than one year from such date, including all current maturities and current sinking fund payments in respect of such Indebtedness whether or not required to be paid within one year from the date of its creation
and, in the case of the Borrower, Indebtedness in respect of the Loans. 
  
 “Funding Office” shall mean the office of the Administrative Agent specified in Section 9.1 or such other office as may be specified from time to time by the Administrative Agent as its funding office by written notice
to the Borrower and the Lenders. 
  
 “GAAP” shall
mean generally accepted accounting principles in the United States as in effect from time to time. 
  
 “Governmental Authority” shall mean any Federal, state, local or foreign court or governmental agency, authority, instrumentality or
regulatory body. 
  
 “Group Members” shall mean
the collective reference to the Borrower and the Subsidiaries. 
  
 “GSA Transaction” shall mean the transactions and legal arrangements included in (a) the Purchase and Assignment Agreement dated as of November 7, 1997 by and between General Electric Capital Corporation (d/b/a
Potomac Federal) and the Borrower, as modified, supplemented and amended from time to time (with the reasonable consent of the Administrative Agent if such modification, supplement or amendment (i) changes the nature or character of the
arrangement or (ii) contains any material increase in the burden of the Borrower or its Subsidiaries under the arrangement), and (b) any other agreement between the Borrower or its Subsidiaries and other parties approved by the
Administrative Agent (such approval not to be unreasonably withheld) providing comparable arrangements with the United States government. 
  
 “Guarantee” of or by any person shall mean any obligation, contingent or otherwise, of such person guaranteeing or having the economic
effect of guaranteeing any Indebtedness or other obligation of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such person, direct or indirect, (a) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness or other
obligation, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment of such Indebtedness or other obligation or (c) to maintain working
capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation; 

  

 11 

 
provided, however, that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course
of business. 
  
 “Guarantee and Collateral
Agreement” shall mean the Amended and Restated Guarantee and Collateral Agreement to be executed and delivered by the Borrower and each Guarantor, substantially in the form of Exhibit C. 
  
 “Guarantor” shall mean each Subsidiary listed on
Schedule 1.1(a), and each other Subsidiary that is or becomes a party to the Guarantee and Collateral Agreement. 
  
 “Hazardous Materials” shall mean (a) any petroleum products or byproducts and all other hydrocarbons, coal ash, radon gas, asbestos,
urea formaldehyde foam insulation, polychlorinated biphenyls, mold, radioactive materials, chlorofluorocarbons and all other ozone-depleting substances and (b) any chemical, material, contaminant, pollutant, substance or waste of any kind that
is prohibited, limited or regulated by or pursuant to, or that could give rise to liability under, any Environmental Law. 
  
 “Hedging Agreement” shall mean any interest rate protection agreement, foreign currency exchange agreement, commodity price protection
agreement or other interest or currency exchange rate or commodity price hedging arrangement. 
  
 “Incremental Revolving Credit Commitment” shall mean the commitment of any Lender, established pursuant to Section 2.24, to make Incremental Revolving Loans to the Borrower. 
  
 “Incremental Revolving Credit Lender” shall mean a Lender
with an Incremental Revolving Credit Commitment or an outstanding Incremental Revolving Loan. 
  
 “Incremental Revolving Loan Assumption Agreement” shall mean an Incremental Revolving Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the
Borrower, the Administrative Agent and one or more Incremental Revolving Credit Lenders. 
  
 “Incremental Revolving Loans” shall mean Revolving Loans made by one or more Lenders to the Borrower pursuant to Section 2.24. 
  
 “Incremental Term Lender” shall mean a Lender with an Incremental Term Loan Commitment or an outstanding
Incremental Term Loan. 
  
 “Incremental Term Loan
Amount” shall mean, at any time, the excess, if any, of (a) $100,000,000 over (b) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.23. 
  
 “Incremental Term Loan Assumption Agreement” shall mean an
Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders. 
  
 “Incremental Term Loan Borrowing” shall mean a Borrowing
comprised of Incremental Term Loans. 
  
 “Incremental Term
Loan Commitment” shall mean the commitment of any Lender, established pursuant to Section 2.23, to make Incremental Term Loans to the Borrower. 
  

 12 

 “Incremental Term Loan Maturity Date” shall mean the final maturity date of the
Incremental Term Loans, as set forth in the applicable Incremental Term Loan Assumption Agreement. 
  
 “Incremental Term Loan Repayment Dates” shall mean the dates scheduled for the repayment of principal of any Incremental Term Loan, as
set forth in the applicable Incremental Term Loan Assumption Agreement. 
  
 “Incremental Term Loans” shall mean Term Loans made by one or more Lenders to the Borrower pursuant to Section 2.23. Incremental Term Loans may be made in the form of additional Term Loans or, to the extent permitted
by Section 2.23 and provided for in the relevant Incremental Term Loan Assumption Agreement, Other Term Loans. 
  
 “Indebtedness” of any person shall mean, without duplication, (a) all obligations of such person for borrowed money, (b) all
obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person under conditional sale or other title retention agreements relating to property or assets purchased by such person,
(d) all obligations of such person issued or assumed as the deferred purchase price of property or services (excluding trade accounts payable and accrued obligations incurred in the ordinary course of business), (e) all Indebtedness of
others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such person, whether or not the obligations secured thereby have been assumed
(it being understood that, unless such person shall have assumed such obligations, the amount of such Indebtedness shall be the lesser of (x) the fair market value of the property securing such Indebtedness and (y) the stated principal
amount of such Indebtedness), (f) all Guarantees by such person of Indebtedness of others, (g) all Capital Lease Obligations and Synthetic Lease Obligations of such person, (h) all outstanding reimbursement obligations of such person
as an account party in respect of letters of credit, (i) all obligations of such person in respect of bankers’ acceptances, (j) all obligations of such person under or in respect of Hedging Agreements and (k) the liquidation
value of all redeemable preferred Equity Interests of such person, to the extent mandatorily redeemable in cash (other than as a result of a change of control if the documentation regarding such preferred Equity Interests provides for no payment
unless, prior to any such payment, all Loans and other Obligations under this Agreement and the other Loan Documents are paid in full in cash or the Lenders consent to such payment) on or prior to the Term Loan Maturity Date (“Disqualified
Preferred Stock”). For purposes of determining the amount of Indebtedness of any person under clause (j) of the preceding sentence, the amount of the obligations of such person in respect of any Hedging Agreement at any time shall be
zero prior to the time any counterparty to such Hedging Agreement shall be entitled to terminate such Hedging Agreement and, thereafter, shall be the maximum aggregate amount (giving effect to any netting agreements) that such person would be
required to pay if such Hedging Agreement were terminated at such time. The Indebtedness of any person shall include the Indebtedness of any partnership in which such person is a general partner only to the extent such person is liable therefor by
contract, as a matter of law or otherwise, and shall not include any Indebtedness of such partnership that is expressly non-recourse to such person. For clarification purposes, the liability of the Borrower or any Guarantor to make any periodic
payments to licensors in consideration for the license of Patents and technical information under license agreements and any amount payable in respect of a settlement of disputes with respect to such payments thereunder, shall not constitute
Indebtedness. Notwithstanding any other provision of this Agreement to the contrary, (i) the term “Indebtedness” shall not be deemed to include (a) any earn-out obligation until such obligation becomes a liability on the balance
sheet of the applicable person, (b) any deferred compensation arrangements, (c) any non compete or consulting obligations incurred in connection with Permitted Acquisitions, (d) “teaming agreements” pursuant to which the
Borrower or any Subsidiary agrees with another supplier of services to provide services (including the sale of inventory) to a third person and pursuant to such agreement shall be responsible to the third person for the performance of the
obligations of such other supplier, (e) warranty claims, (f)

  

 13 

 
product guarantees, guarantees (including performance guarantees or bonds) by a person of obligations not constituting Indebtedness of the Borrower or any
Subsidiary, (g) obligations under joint development agreements pursuant to which the Borrower or any Subsidiary agrees to develop a product and (ii) the amount of Indebtedness for which recourse is limited either to a specified amount or
to an identified asset of such person shall be deemed to be equal to such specified amount or the fair market value of such identified asset, as the case may be, and (h) obligations under any GSA Transaction. 
  
 “Indemnified Taxes” shall mean Taxes other than Excluded
Taxes. 
  
 “Initial Public Offering” shall mean
an underwritten primary or secondary public offering of common stock of the Borrower pursuant to a registration statement filed with the SEC in accordance with the Securities Act of 1933, as amended. 
  
 “Initial Revolving Credit Commitment” shall mean, as to any
Lender, the obligation of such Lender, if any, to make Revolving Loans and participate in Swingline Loans and Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Revolving Credit
Commitment” opposite such Lender’s name on Schedule 2.1 or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. 
  
 “Initial Term Loan Commitment” shall mean, with respect
to each Lender, the commitment of such Lender to make Term Loans hereunder as set forth on Schedule 2.1, or in the Assignment and Assumption pursuant to which such Lender assumed its Initial Term Loan Commitment, as applicable, as the same may
be (i) reduced from time to time pursuant to Section 2.9 and (ii) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.4. The original aggregate amount of the Initial Term Loan
Commitments is $250,000,000. 
  
 “Intellectual
Property” shall have the meaning assigned to such term in Section 3.7(d). 
  
 “Interest Coverage Ratio” shall mean, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period. 
  
 “Interest Election Request” shall mean a request by the
Borrower to convert or continue a Revolving Borrowing or Term Borrowing in accordance with Section 2.10(b), substantially in the form of Exhibit E. 
  
 “Interest Payment Date” shall mean (a) as to any ABR Loan (other than any Swingline Loan), the last day of each March, June,
September and December to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any
Eurodollar Loan having an Interest Period longer than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period, (d) as to any Loan (other than
any Revolving Loan that is an ABR Loan and any Swingline Loan), the date of any repayment or prepayment made in respect thereof and (e) as to any Swingline Loan, the day that such Loan is required to be repaid. 
  
 “Interest Period” shall mean, as to any Eurodollar Loan,
(a) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Borrower in its Borrowing Request or
notice of conversion, as the case may be, given with respect thereto; and (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six months
thereafter, as selected by the Borrower by irrevocable notice to the Administrative 

  

 14 

 
Agent not later than 11:00 A.M., New York City time, on the date that is three Business Days prior to the last day of the then current Interest Period with
respect thereto; provided that, all of the foregoing provisions relating to Interest Periods are subject to the following: 
  
 (i) if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day; 
  
 (ii) the Borrower may not select an Interest Period under a
particular Facility that would extend beyond the Revolving Credit Maturity Date or beyond the date final payment is due on the Term Loans, as the case may be; and 
  
 (iii) 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 a calendar month. 
  
 “ISP” shall mean, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute
of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 
  
 “Issuer Documents” shall mean, with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement
and instrument entered into by the Issuing Bank and the Borrower (or any Subsidiary) or in favor of the Issuing Bank and relating to any such Letter of Credit. 
  

“Issuing Bank” shall mean, as the context may require, (a) Bank of America, N.A., in its capacity as the issuer of Letters of
Credit hereunder, (b) UBS AG, Stamford Branch, only in its capacity as issuer of the Existing Letters of Credit, and (c) any other Lender that may become an Issuing Bank pursuant to Section 2.22(i) or 2.22(k), with respect to Letters
of Credit issued by such Lender. The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with
respect to Letters of Credit issued by such Affiliate. 
  
 “Issuing Bank Fees” shall have the meaning assigned to such term in Section 2.5(c). 
  
 “L/C Commitment” shall mean the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.22. The amount of
the L/C Commitment shall initially be $15,000,000, but shall in no event exceed the Total Revolving Credit Commitment. 
  
 “L/C Disbursement” shall mean a payment or disbursement made by the Issuing Bank pursuant to a Letter of Credit. 
  
 “L/C Exposure” shall mean at any time the sum of
(a) the aggregate undrawn amount of all outstanding Letters of Credit at such time and (b) the aggregate principal amount of all L/C Disbursements that have not yet been reimbursed at such time. The L/C Exposure of any Revolving Credit
Lender at any time shall equal its Pro Rata Percentage of the aggregate L/C Exposure at such time. 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 1.7. 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. 
  

 15 

 “L/C Participation Fee” shall have the meaning assigned to such term in
Section 2.5(c). 
  
 “L/C Request” shall mean
a request by Borrower in accordance with the terms of Section 2.22(b) and substantially in the form of Exhibit D, or such other form as shall be approved by the Administrative Agent. 
  
 “L/C Sub-Account” shall have the meaning assigned to such
term in Section 2.22(j). 
  
 “Lenders” shall
mean (a) the persons listed on Schedule 2.1 (other than any such person that has ceased to be a party hereto pursuant to an Assignment and Assumption) and (b) any person that has become a party hereto pursuant to an Assignment and
Assumption. Unless the context clearly indicates otherwise, the term “Lenders” shall include the Swingline Lender. 
  
 “Letter of Credit” shall mean the Existing Letters of Credit and any letter of credit issued pursuant to Section 2.22. 

 
 “Letter of Credit Application” shall mean 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 Issuing Bank. 
  
 “Letter of Credit Expiration Date” shall mean the date which is fifteen days prior to the Revolving Credit Maturity Date unless prior to
such time the Borrower deposits in the L/C Sub-Account an amount equal to 105% of the face amount of all Letters of Credit expiring after the fifteenth day prior to the Revolving Credit Maturity Date, in which case the expiry date of such Letters of
Credit shall be no later than the first anniversary of the Revolving Credit Maturity Date. 
  
 “Leverage Ratio” shall mean, on any date, the ratio of the total Indebtedness of the Borrower and the Subsidiaries on a consolidated basis on such date to Consolidated EBITDA for the period of four
consecutive fiscal quarters most recently ended on or prior to such date. 
  
 “Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a
lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any
purchase option, call or similar right of a third party with respect to such securities. 
  
 “Loan Documents” shall mean this Agreement, the Letters of Credit, the Security Documents, any Notes, the Fee Letter and each Incremental Term Loan Assumption Agreement and Incremental Revolving Loan
Assumption Agreement. 
  
 “Loan Parties” shall
mean the Borrower and the Guarantors. 
  
 “Loans”
shall mean the Revolving Loans, the Term Loans and the Swingline Loans. 
  
 “Margin Stock” shall have the meaning assigned to such term in Regulation U. 
  
 “Material Adverse Effect” shall mean (a) a material adverse effect on the business, operations, assets, liabilities, financial
condition or results of operations of the Borrower and the Subsidiaries, taken as a whole, (b) a material impairment of the ability of the Borrower or any other Loan Party to perform any of its obligations under any Loan Document to which it is
or will be a party or (c) a material impairment of the rights of or benefits available to the Lenders under any Loan Document. 
  

 16 

 “Material Indebtedness” shall mean Indebtedness (other than the Loans and Letters of
Credit) of any one or more of the Borrower and the Subsidiaries in an aggregate principal amount exceeding $15,000,000. 
  
 “Material Subsidiary” shall mean, at any time, any Subsidiary which at such time shall be a “significant subsidiary” of
the Borrower within the meaning of Regulation S-X of the SEC as in effect on the date hereof; provided, that the Borrower agrees that the Borrower and its Material Subsidiaries shall at all times have assets during the term of this Agreement
constituting at least 90% of the Borrower’s consolidated total assets; provided, further, that each Subsidiary which owns any Intellectual Property (other than Intellectual Property with an aggregate fair market value of less than
$1,500,000) shall be deemed to be a Material Subsidiary hereunder. 
  
 “Maximum Rate” shall have the meaning assigned to such term in Section 9.9. 
  
 “Mortgaged Properties” shall mean (i) the real properties owned in fee by the Loan Parties specified on Schedule 1.1(b) and
(ii) each parcel of real property and improvements thereto with respect to which a Mortgage is granted pursuant to Section 5.9. 
  
 “Mortgages” shall mean the mortgages, deeds of trust, leasehold mortgages, assignments of leases and rents, modifications and other
security documents delivered pursuant to the Original Credit Agreement or pursuant to Section 5.9, substantially in the form of Exhibit F, with such modifications as the Administrative Agent deems appropriate. 
  
 “Multiemployer Plan” shall mean a multiemployer plan as
defined in Section 4001(a)(3) of ERISA. 
  
 “Net Cash
Proceeds” shall mean (a) with respect to any Asset Sale or Recovery Event, the cash proceeds (including cash proceeds subsequently received (as and when received) in respect of noncash consideration initially received), net of
(i) selling expenses (including reasonable broker’s and investment banking fees or commissions, legal, environmental assessment, appraisal and consultant’s fees, transfer and similar taxes and the Borrower’s good faith estimate
of income taxes paid or payable in connection with such sale), (ii) amounts provided as a reserve, in accordance with GAAP, against (A) any liabilities under any indemnification obligations or purchase price adjustment associated with such
Asset Sale and (B) any liabilities associated with such asset or assets and retained by the Borrower or any of its Subsidiaries after such sale or other disposition thereof, including, without limitation, pension and other post-employment
benefit liabilities, Environmental Liabilities and liabilities related to or against any indemnification obligations associated with such transaction (provided, that, to the extent and at the time any such amounts are released from such
reserve, such amounts shall constitute Net Cash Proceeds) and (iii) the principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness for borrowed money which is secured by the asset sold in such Asset Sale or the
asset relating to such Recovery Event, as applicable, and which is required to be repaid with such proceeds (other than any such Indebtedness assumed by the purchaser of such asset); and (b) with respect to any issuance or disposition of
Indebtedness, the cash proceeds thereof, net of all taxes and fees (including investment banking fees, underwriting discounts, commissions, costs and other out-of-pocket expenses and other customary expenses) incurred in connection therewith.

  
 “Note” shall have the meaning assigned to
such term in Section 2.4(e). 
  
 “Obligations” shall mean the unpaid principal of and interest on (including interest accruing after the maturity of the Loans (including the Incremental Term Loans) and Reimbursement Obligations and interest accruing after
the filing of any petition in bankruptcy, or the commencement of any insolvency, 

  

 17 

 
reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding)
the Loans and all other obligations and liabilities of the Borrower to the Administrative Agent or to any Lender (or, in the case of Specified Hedging Agreements, any affiliate of any Lender) or any other Secured Party, whether direct or indirect,
absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document, the Letters of Credit, any Specified Hedging Agreement or any other
document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the
Administrative Agent or to any Lender that are required to be paid by the Borrower pursuant hereto) or otherwise. 
  
 “OID” shall have the meaning assigned to such term in Section 2.23(b). 
  
 “One-Time Restricted Payment” shall mean a one-time Restricted Payment to be paid within six months of the
Closing Date; provided, that (A) no Default or Event of Default shall have occurred and be continuing or would result from the payment of such Restricted Payment, (B) the Borrower’s Leverage Ratio determined on a pro forma
basis as if such Restricted Payment had been made on the first day of the most recently ended four-fiscal quarter period of the Borrower is less than 3.75 to 1.00 and (C) the Borrower is otherwise in Pro Forma Compliance. 
  
 “Original Administrative Agent” shall have the meaning
assigned to such term in the preamble hereto. 
  
 “Original Closing Date” shall mean September 30, 2004. 
  
 “Original Credit Agreement” shall have the meaning assigned to such term in the preamble hereto. 
  
 “Original Lenders” shall have the meaning assigned to such term in the preamble hereto. 
  
 “Other Taxes” shall mean any and all present or future stamp
or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document.

  
 “Other Term Loans” shall have the meaning
assigned to such term in Section 2.23(a). 
  
 “Participant” shall have the meaning assigned to such term in Section 9.4(f). 
  
 “Patents” shall have the meaning assigned to such term in the Guarantee and Collateral Agreement. 
  
 “Patriot Act” shall have the meaning assigned to such term
in Section 9.17. 
  
 “PBGC” shall mean the
Pension Benefit Guaranty Corporation referred to and defined in ERISA. 
  
 “Perfection Certificate” shall mean the Perfection Certificate substantially in the form attached to the Guarantee and Collateral Agreement. 
  
 “Permitted Acquisition” shall have the meaning assigned to such term in Section 6.4(g). 
  

 18 

 “Permitted Cure Securities” shall have the meaning assigned to such term in Article VII.

  
 “Permitted Investments” shall mean:

  
 (a) direct obligations of, or
obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America) or,
in the case of a Foreign Subsidiary, marketable direct obligations issued by or unconditionally guaranteed by the government of the country of such Foreign Subsidiary or backed by the full faith and credit of the government of the country of such
Foreign Subsidiary, in each case maturing within one year from the date of acquisition thereof; 
  
 (b) investments in commercial paper maturing within one year from the date of acquisition thereof and having, at such date of
acquisition, one of the two highest credit ratings obtainable from Standard & Poor’s Ratings Service or from Moody’s Investors Service, Inc. or carrying an equivalent rating by a nationally recognized rating agency, if both of the
two named rating agencies cease publishing ratings of investments; 
  
 (c) investments in certificates of deposit, Eurodollar deposits, overnight bank deposits or banker’s acceptances, demand deposits and time deposits maturing within one year from the date of acquisition
thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, the Administrative Agent or any domestic office of any Lender or any other commercial bank organized under the laws of the United States of
America or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000 or issued by or offered by a bank organized under the laws of any foreign country recognized by the United States the long-term
debt of which is rated at least “A” or the equivalent by S&P or “A” or the equivalent thereof by Moody’s having at the date of acquisition thereof combined capital and surplus of not less than $500,000,000 or the foreign
currency equivalent thereof; 
  
 (d) fully
collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria of clause (c) above; 
  
 (e) investments in marketable direct obligations issued by
any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition thereof and having, at such date of acquisition, one of the two
highest credit ratings obtainable from Standard & Poor’s Ratings Service or from Moody’s Investors Service, Inc.; 
  
 (f) investments in “money market funds” within the meaning of Rule 2a-7 of the Investment Company Act of 1940, as amended,
substantially all of whose assets are invested in investments of the type described in clauses (a) through (e) above; 
  
 (g) other short-term investments utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management
in investments of a type analogous to the foregoing; and 
  
 (h) solely with respect to any Foreign Subsidiary, non-Dollar denominated (i) certificates of deposit of, bankers acceptances of, or time deposits with, any commercial bank which is organized and existing
under the laws of the country in which such Foreign Subsidiary 

  

 19 

 
maintains its chief executive office and principal place of business provided such country is a member of the Organization for Economic Cooperation and
Development, and 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 Foreign Bank”) and
maturing within twelve (12) months of the date of acquisition and (ii) equivalents of demand deposit accounts which are maintained with an Approved Foreign Bank. 
  
 “Permitted Investors” shall mean (a) the Sponsor, (b) the other holders of Equity Interests in
the Borrower on the Original Closing Date and (c) the directors, executive officers and other management employees of the Borrower on the Original Closing Date. 
  
 “person” shall mean any natural person, corporation, business trust, joint venture, association, company,
limited liability company, partnership, Governmental Authority or other entity. 
  
 “Plan” shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
  

 20 

 “Pricing Grid” shall mean the table set forth below. 
  

																
	 Leverage Ratio

	    	 Eurodollar
Spread-
 Revolving
Loans and
Swingline
 Loans

	 	  	 ABR
 Spread-
 Revolving
 Loans and
Swingline
 Loans

	 	  	 Eurodollar
 Spread-
 Term Loans
 other than
 Other Term
 Loans

	 	  	 ABR
 Spread-
 Term Loans
 (other than
 Other Term
 Loans)

	 	  	 Commitment
 Fee Rate

	 
	Category 1	    	 	 	  	 	 	  	 	 	  	 	 	  	 	 
						
	Greater than 4.00 to 1.00	    	2.25	%	  	1.25	%	  	2.00	%	  	1.00	%	  	0.50	%
						
	Category 2	    	 	 	  	 	 	  	 	 	  	 	 	  	 	 
						
	 Greater than 3.50 to 1.00,
 but less than or

equal to 4.00 to 1.00
	    	2.00	%	  	1.00	%	  	2.00	%	  	1.00	%	  	0.50	%
						
	Category 3	    	 	 	  	 	 	  	 	 	  	 	 	  	 	 
						
	 Greater than 3.00 to 1.00,
 but less than or

equal to 3.50 to 1.00
	    	1.75	%	  	0.75	%	  	2.00	%	  	1.00	%	  	0.50	%
						
	Category 4	    	 	 	  	 	 	  	 	 	  	 	 	  	 	 
						
	 Greater than 2.50 to 1.00,
 but less than or

equal to 3.00 to 1.00
	    	1.50	%	  	0.50	%	  	1.75	%	  	0.75	%	  	0.375	%
						
	Category 5	    	 	 	  	 	 	  	 	 	  	 	 	  	 	 
						
	 Less than or
 equal to 2.50 to 1.00
	    	1.25	%	  	0.25	%	  	1.75	%	  	0.75	%	  	0.25	%

  
 Each change in the
Applicable Percentage or the Commitment Fee Rate resulting from a change in the Leverage Ratio shall be effective on and after the date (the “Adjustment Date”) of delivery to the Administrative Agent of the financial statements and
certificates required by Section 5.4(a) or (b) and Section 5.4(c), respectively, indicating such change, and until the date immediately preceding the next date of delivery of such financial statements and certificates indicating
another such change. Each change shall be effective with respect to all then outstanding Loans and Letters of Credit, subject to the provisions of Section 2.7. Notwithstanding the foregoing, until the Borrower shall have delivered the financial
statements and certificates required by Section 5.4(b) and Section 5.4(d), respectively, for the fiscal period ended on or about December 31, 2005, the Leverage Ratio shall be deemed to be in Category 2 for purposes of determining the
Applicable Percentage and the Commitment Fee Rate. In addition, at any time during which the Borrower has failed to deliver the financial statements and certificates required by Section 5.4(a) or (b) and Section 5.4(c), respectively,
the Leverage Ratio shall be deemed to be in Category 1 for purposes of determining the Applicable Percentage and the Commitment Fee Rate. 
  

 21 

 “Pro Forma Basis” shall mean, with respect to compliance with any test or covenant
hereunder, compliance with such covenant or test after giving effect to any proposed Permitted Acquisition or Asset Sale (including pro forma adjustments arising out of events which are directly attributable to the proposed Permitted Acquisition or
Asset Sale, are factually supportable and are expected to have a continuing impact, in each case as reasonably determined by the Borrower and as certified by a Financial Officer of the Borrower and approved by the Administrative Agent) using, for
purposes of determining such compliance, the historical financial statements of all entities or assets so acquired or sold or to be acquired or sold and the consolidated financial statements of the Borrower and its Subsidiaries which shall be
reformulated as if such Permitted Acquisitions or Asset Sale, and all other Permitted Acquisitions or Asset Sales that have been consummated during the period, and any Indebtedness or other liabilities incurred or repaid in connection with any such
Permitted Acquisitions or Asset Sale had been consummated and incurred or repaid at the beginning of such period (and 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); provided, that, in connection with any Permitted Acquisition, the Borrower shall
be permitted to assume cost savings certified by a Responsible Officer of the Borrower and expected to be achieved within a twelve-month period following the closing of such Permitted Acquisition if the consolidated balance sheet of such acquired
person and its consolidated Subsidiaries as at the end of the period preceding the acquisition of such person and the related consolidated statements of income and stockholders’ equity and of cash flows for the period in respect of which
Consolidated EBITDA is to be calculated (x) have been previously provided to the Administrative Agent and (y) either (1) have been reported on without a qualification arising out of the scope of the audit by independent certified
public accountants of nationally recognized standing or (2) have been found acceptable by the Administrative Agent. For purposes of determining compliance with the covenants set forth in Sections 6.11 and 6.12 (and the computations made
for purposes of determining the Applicable Percentage), all calculations shall be made on a Pro Forma Basis after giving effect to the Transactions, (subject, in the case of the Transactions, to the limitations contained in clause (a)(iv) of the
definition of Consolidated EBITDA). 
  
 “Pro Forma
Compliance” shall mean, at any date of determination, that the Borrower shall be in pro forma compliance with the covenants set forth in Sections 6.11 and 6.12 as of the date of such determination or the last day of the most recent fiscal
quarter-end, as the case may be (computed on the basis of (a) balance sheet amounts as of such date and (b) income statement amounts for the most recently completed period of four consecutive fiscal quarters for which financial statements
shall have been delivered to the Administrative Agent and calculated on a Pro Forma Basis in respect of the event giving rise to such determination). 
  
 “Pro Rata Percentage” shall mean, of any Revolving Credit Lender at any time, the percentage of the Total Revolving Credit Commitment
represented by such Lender’s Revolving Credit Commitment. In the event the Revolving Credit Commitments shall have expired or been terminated, the Pro Rata Percentages shall be determined on the basis of the Revolving Credit Commitments most
recently in effect. 
  
 “Recovery Event” shall
mean any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Loan Party. 
  

“Register” shall have the meaning assigned to such term in Section 9.4(d). 
  
 “Regulation T” shall mean Regulation T of the Board as
from time to time in effect and all official rulings and interpretations thereunder or thereof. 
  

 22 

 “Regulation U” shall mean Regulation U of the Board as from time to time in effect
and all official rulings and interpretations thereunder or thereof. 
  
 “Regulation X” shall mean Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
  
 “Reimbursement Obligation” shall mean the obligation of the Borrower to reimburse the Issuing Bank pursuant
to Section 2.22(e) for amounts drawn under Letters of Credit. 
  
 “Reinvestment Deferred Amount”: shall mean, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by any Loan Party in connection therewith that are not applied initially to prepay outstanding
Term Loans pursuant to Section 2.13(b) as a result of the delivery of a Reinvestment Notice. 
  
 “Reinvestment Event”: shall mean any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  
 “Reinvestment Notice”: shall mean a written
notice executed by an authorized officer of the Borrower stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through a Subsidiary) intends and expects to use all or a specified portion of the
Net Cash Proceeds of an Asset Sale or Recovery Event to (a) acquire or repair productive assets used or useful in the business of the Borrower or any of its Subsidiaries or (b) make a Capital Expenditure. 
  
 “Reinvestment Prepayment Amount”: shall mean, with respect
to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date (or committed to be expended prior to the relevant Reinvestment Prepayment Date so long as such
amounts are actually expended within 90 days after such Reinvestment Prepayment Date) to (a) acquire or repair productive assets used or useful in the business of the Borrower or any of its Subsidiaries or (b) make a Capital Expenditure.

  
 “Reinvestment Prepayment Date”: shall mean,
with respect to any Reinvestment Event, the earlier of (a) the date occurring one year after such Reinvestment Event (unless, prior to such date, a binding contract has been entered into to make the related reinvestment in which case such date
shall be extended until the completion or termination of such contract) and (b) the date on which the Borrower shall have delivered a notice to the Administrative Agent stating that it does not intend to (i) acquire or repair productive
assets used or useful in the business of the Borrower or any of its Subsidiaries or (ii) make a Capital Expenditure, in each case, with all or any portion of the relevant Reinvestment Deferred Amount. 
  
 “Related Parties” shall mean, with respect to any specified
person, such person’s Affiliates and the respective controlling persons, trustees, partners, directors, officers, employees, agents and advisors of such person and such person’s Affiliates. 
  
 “Release” shall mean any release, spill, emission, leaking,
dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or within, under, from or upon any building, structure, facility or fixture. 
  
 “Release of Collateral Event” shall mean any time that the
Borrower simultaneously maintains an investment grade rating on its senior unsecured (non-credit enhanced) debt of at least (a) BBB- from S&P or an equivalent rating from S&P in the event S&P changes its rating system and
(b) Baa3 from Moody’s or an equivalent rating from Moody’s in the event Moody’s changes its rating system. 
  

 23 

 “Repayment Date” shall have the meaning assigned to such term in Section 2.11.

  
 “Required Lenders” shall mean, at any time,
the holders of more than 50% of (a) until the Closing Date, the Commitments then in effect and (b) thereafter, the sum of (i) the aggregate unpaid principal amount of the Term Loans then outstanding and (ii) the Total Revolving
Credit Commitments then in effect or, if the Revolving Credit Commitments have been terminated, the total Revolving Credit Exposure of all Lenders at such time; provided, that the unused Term Loan Commitment, unused Revolving Credit
Commitment of, and the portion of the Term Loans and Revolving Credit Exposure held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
  
 “Requirements of Law” shall mean, collectively, any and all
requirements of any Governmental Authority including any and all laws, ordinances, rules, regulations or similar statutes or case law. 
  
 “Responsible Officer” of any person shall mean any executive officer or Financial Officer of such person and any other officer or similar
official thereof responsible for the administration of the obligations of such person in respect of this Agreement. 
  
 “Restricted Indebtedness” shall mean Indebtedness of the Borrower or any Subsidiary, the payment, prepayment, repurchase or defeasance of
which is restricted under Section 6.9(b). 
  
 “Restricted Payment” shall mean any dividend or other distribution (whether in cash, securities or other property, but excluding any payment in Equity Interests (other than Disqualified Preferred Stock) in the Borrower)
with respect to any Equity Interests in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property, other than a payment in Equity Interests (other than Disqualified Preferred Stock) in the Borrower), including any
sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any Equity Interests in the Borrower or any Subsidiary or any option, warrant or other right to acquire any such Equity
Interests in the Borrower or any Subsidiary. 
  
 “Revolving Credit Borrowing” shall mean a Borrowing comprised of Revolving Loans. 
  
 “Revolving Credit Commitment” shall mean, as to any Lender, such Lender’s (a) Initial Revolving Credit Commitment and
(b) Incremental Revolving Credit Commitment. 
  
 “Revolving Credit Exposure” shall mean, with respect to any Lender at any time, the aggregate principal amount at such time of all outstanding Revolving Loans of such Lender, plus the aggregate amount at such time of
such Lender’s L/C Exposure, plus the aggregate amount at such time of such Lender’s Swingline Exposure. 
  
 “Revolving Credit Lender” shall mean a Lender with a Revolving Credit Commitment or an outstanding Revolving Loan. 
  
 “Revolving Credit Maturity Date” shall mean October 3,
2010. 
  
 “Revolving Loans” shall mean
Incremental Revolving Loans and the revolving loans made by the Lenders to the Borrower pursuant to clause (ii) of Section 2.1. 
  
 “SEC” shall mean the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority. 
  

 24 

 “Secured Parties” shall have the meaning assigned to such term in the Guarantee and
Collateral Agreement. 
  
 “Security Documents”
shall mean the Mortgages, the Guarantee and Collateral Agreement and each of the security agreements, mortgages, control agreements, blocked account agreements and other instruments and documents executed and delivered pursuant to any of the
foregoing or pursuant to Section 5.9. 
  
 “Specified
Hedging Agreement” shall mean any Hedging Agreement entered into by the Borrower and any Lender or affiliate thereof in respect of interest rates, other than any such Hedging Agreement which states that it is not a Specified Hedging
Agreement as defined in this Agreement. 
  
 “Sponsor” shall mean Warburg, Pincus Ventures, L.P., Warburg Pincus & Co. and their Affiliates. 
  
 “subsidiary” shall mean, with respect to any person (herein referred to as the “parent”), any corporation, partnership,
association or other business entity of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the time any
determination is being made, owned, controlled or held by the parent or one or more subsidiaries of the parent or a combination thereof. 
  
 “Subsidiary” shall mean any subsidiary of the Borrower. 
  
 “Swingline Commitment” shall mean the commitment of the Swingline Lender to make loans pursuant to
Section 2.21, as the same may be reduced from time to time pursuant to Section 2.9 or Section 2.21. 
  
 “Swingline Exposure” shall mean at any time the aggregate principal amount at such time of all outstanding Swingline Loans. The Swingline
Exposure of any Revolving Credit Lender at any time shall equal its Pro Rata Percentage of the aggregate Swingline Exposure at such time. 
  
 “Swingline Lender” shall mean Bank of America, N.A., in its capacity as lender of Swingline Loans hereunder. 
  
 “Swingline Loan” shall mean any loan made by the Swingline
Lender pursuant to Section 2.21. 
  
 “Syndication
Agent” shall have the meaning assigned to such term in the preamble hereto. 
  
 “Synthetic Lease” shall mean, as to any person, any lease (including leases that may be terminated by the lessee at any time) of any property (whether real, personal or mixed) (a) that is
accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or obtains ownership of the property so leased for U.S. federal income tax purposes, other than any such lease under which such person is the lessor.

  
 “Synthetic Lease Obligations” shall mean, as
to any person, an amount equal to the sum of (a) the obligations of such person to pay rent or other amounts under any Synthetic Lease which are attributable to principal and, without duplication, (b) the amount of any purchase price
payment under any Synthetic Lease assuming the lessee exercises the option to purchase the leased property at the end of the lease term. 
  

 25 

 “Synthetic Purchase Agreement” shall mean any swap, derivative or other agreement or
combination of agreements pursuant to which the Borrower or any Subsidiary is or may become obligated to make (a) any payment in connection with a purchase by any third party from a person other than the Borrower or any Subsidiary of any Equity
Interest or Restricted Indebtedness of the Borrower or a Subsidiary or (b) any payment (other than on account of a permitted purchase by it of any Equity Interest or Restricted Indebtedness) the amount of which is determined by reference to the
price or value at any time of any Equity Interest or Restricted Indebtedness of the Borrower or a Subsidiary; provided, that no phantom stock or similar plan providing for payments only to current or former directors, officers or employees of
the Borrower or the Subsidiaries (or to their heirs or estates) shall be deemed to be a Synthetic Purchase Agreement. 
  
 “Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, charges, liabilities or withholdings
(including interest, fines, penalties or additions to tax) imposed by any Governmental Authority. 
  
 “Term Loan Borrowing” shall mean a Borrowing comprised of Term Loans. 
  
 “Term Loan Commitment” shall mean, with respect to any Lender, such Lender’s (a) Initial Term
Loan Commitment and (b) Incremental Term Loan Commitment. The original aggregate amount of the Term Loan Commitments is $250,000,000. 
  
 “Term Loan Maturity Date” shall mean October 3, 2012. 
  
 “Term Loans” shall mean the term loans made by the Lenders to the Borrower pursuant to clause (i) of
Section 2.1 and, unless the context shall otherwise require, the term “Term Loans” shall include Incremental Term Loans. 
  
 “Term Percentage”: as to any Lender at any time, the percentage which such Lender’s Term Loan Commitment then constitutes of the
aggregate Term Loan Commitments (or, at any time after the Closing Date, the percentage which the principal amount of such Lender’s Term Loan then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

  
 “Total Revolving Credit Commitment” shall
mean, at any time, the aggregate amount of the Revolving Credit Commitments, as in effect at such time. The initial Total Revolving Credit Commitment is $200,000,000. 
  
 “Trademarks” shall have the meaning assigned to such term in the Guarantee and Collateral Agreement.

  
 “Trading With the Enemy Act” shall have the
meaning assigned to such term in Section 3.24. 
  
 “Transactions” shall mean, collectively, (a) the execution, delivery and performance by the Loan Parties of the Loan Documents to which they are a party and, in the case of the Borrower, the making of the initial
Borrowings hereunder, (b) the repayment of all amounts outstanding or due under, and the termination of, the Original Credit Agreement and (c) the payment of related fees and expenses. 
  
 “Type”, when used in respect of any Loan or Borrowing, shall
refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, the term “Rate” shall include the Eurodollar Rate and the Alternate Base Rate. 

 
 “Uniform Customs” shall have the meaning assigned to such
term in Section 9.7. 
  

 26 

 “wholly owned Subsidiary” of any person shall mean a subsidiary of such person of which
securities (except for directors’ qualifying shares and other de minimis ownership interests required to be owned under foreign law by local residents) or other ownership interests representing 100% of the Equity Interests are, at the time any
determination is being made, owned, controlled or held by such person or one or more wholly owned Subsidiaries of such person or by such person and one or more wholly owned Subsidiaries of such person. 
  
 “Withdrawal Liability” shall mean liability to a
Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
  
 SECTION 1.2. Terms Generally. The definitions in Section 1.1 shall apply equally to both 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”; and the words “asset” and “property” shall be construed as
having the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. All references herein to Articles, Sections, Exhibits and Schedules shall be
deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, (a) any reference in this Agreement to any Loan Document
shall mean such document as amended, restated, supplemented or otherwise modified from time to time and (b) all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time;
provided, however, that if, before or after any change in GAAP occurs, the Borrower notifies the Administrative Agent that the Borrower wishes to amend any covenant in Article VI or any related definition to eliminate the effect of any
such change in GAAP occurring after the date of this Agreement on the operation of such covenant (or if the Administrative Agent notifies the Borrower that the Required Lenders wish to amend Article VI or any related definition for such purpose),
then the Borrower’s compliance with such covenant (and the computations made for purposes of determining the Applicable Percentage) shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became
effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Lenders. The Borrower shall not change any material accounting policies that results in a change in the method of
calculation of financial covenants, definitions or standards or terms in this Agreement without the consent of the Administrative Agent (such consent not to be unreasonably withheld). 
  
 SECTION 1.3. Pro Forma Calculations. With respect to any period during which any Permitted Acquisition or Asset Sale
occurs as permitted pursuant to the terms hereof, the Leverage Ratio and the Interest Coverage Ratio shall be calculated with respect to such period and such Permitted Acquisition or Asset Sale on a Pro Forma Basis. 
  
 SECTION 1.4. Classification of Loans and Borrowings. For purposes of
this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Revolving Loan”).
Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving
Borrowing”). 
  
 SECTION 1.5. Currency Equivalents
Generally. Any amount specified in Dollars in this Agreement (other than in Articles II, VIII and IX) or any of the other Loan Documents shall also include the equivalent of such amount in any currency other than Dollars, such equivalent amount
to be determined at the rate of exchange quoted by Bank of America, N.A., at the close of business on the 

  

 27 

 
Business Day immediately preceding any date of determination thereof, to prime banks in New York, New York, for the spot purchase in the New York foreign
exchange market of such amount in Dollars with such other currency. The maximum amount of Indebtedness, investments and other threshold amounts that the Borrower and the Subsidiaries may incur under Article VI shall not be deemed to be exceeded,
with respect to any outstanding Indebtedness, investments and other threshold amounts solely as a result of fluctuations in the exchange rate of currencies. When calculating capacity for the incurrence of additional Indebtedness, investments and
other threshold amounts by the Borrower and any Subsidiary, the exchange rate of currencies shall be measured as of the date of such calculation. 
  
 SECTION 1.6. Interrelationship with Original Credit Agreement. (a) As stated in the preamble and the recitals hereof, this Agreement is
intended to amend and restate the provisions of the Original Credit Agreement and, notwithstanding any substitution of Notes as of the Closing Date, except as expressly modified herein, (x) all of the terms and provisions of the Original Credit
Agreement shall continue to apply for the period prior to the Closing Date, including any determinations of payment dates, interest rates, Events of Default or any amount that may be payable to the Original Administrative Agent or the Original
Lenders (or their assignees or replacements hereunder), and (y) the obligations under the Original Credit Agreement shall from and after the Closing Date continue to be owing and be subject to the terms of this Agreement. All references in any
Loan Documents to (i) the “Credit Agreement” shall be deemed to include references to this Agreement and (ii) the “Lenders” or a “Lender” or the “Administrative Agent” shall mean such terms as
defined in this Agreement. As to all periods occurring on or after the Closing Date, all of the terms and conditions set forth in the Original Credit Agreement shall be of no further force and effect, it being understood that all obligations of the
Borrower under the Original Credit Agreement shall be governed by this Agreement from and after the Closing Date. 
  
 (b) The parties hereto acknowledge and agree that all principal, interest, fees, costs, reimbursable expenses and indemnification obligations accruing or
arising under or in connection with the Original Credit Agreement which remain unpaid and outstanding as of the Closing Date shall be and remain outstanding and payable as an obligation under this Credit Agreement and the other Loan Documents;
provided, that no Lender hereunder which was not an Original Lender shall be liable for any obligation or indemnification of Lenders arising under the Original Credit Agreement. 
  
 SECTION 1.7. 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 Credits 
  
 SECTION 2.1. Commitments. Subject to the terms and conditions and relying upon the representations and warranties herein set forth, each Lender
agrees, severally and not jointly, (i) to make a term loan to the Borrower on the Closing Date in a principal amount not to exceed its Initial Term Loan Commitment, and (ii) to make Revolving Loans to the Borrower, at any time and from
time to time on or after the date hereof, and until the earlier of the Revolving Credit Maturity Date and the termination of the Revolving Credit Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at any
time outstanding that will not result in such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment. Within the limits set forth in clause (ii) of the preceding sentence and subject to the terms,
conditions and limitations set forth herein, the Borrower may 

  

 28 

 
borrow, pay or prepay and reborrow Revolving Loans. Amounts paid or prepaid in respect of Term Loans may not be reborrowed. 
  
 SECTION 2.2. Loans. (a) Each Loan (other than Swingline Loans)
shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their applicable Commitments; provided, however, that the failure of any Lender to make any Loan shall not in itself relieve any
other Lender of its obligation to lend hereunder (it being understood, however, that no Lender shall be responsible for the failure of any other Lender to make any Loan required to be made by such other Lender). Except for Swingline Loans and Loans
deemed made pursuant to Section 2.22(e)(ii), the Loans comprising any Borrowing shall be in an aggregate principal amount that is (i) (A) in the case of a Revolving Borrowing, an integral multiple of $1,000,000 and not less than
$1,000,000, and (B) in the case of a Term Loan Borrowing or an Incremental Term Loan Borrowing, an integral multiple of $1,000,000 and not less than $5,000,000 (except with respect to any Incremental Term Loan Borrowing, to the extent otherwise
provided in the related Incremental Term Loan Assumption Agreement) or (ii) in the case of any Borrowing, equal to the remaining available balance of the applicable Commitments. 
  
 (b) Subject to Section 2.8, each Borrowing shall be comprised entirely of Eurodollar Loans or ABR Loans, as the
Borrower may request pursuant to Section 2.3. Each Lender may at its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided, that any exercise of such option
shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower shall not be
entitled to request any Borrowing that, if made, would result in more than ten Eurodollar Borrowings outstanding hereunder at any time. For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence
on the same date, shall be considered separate Borrowings. 
  
 (c)
Except with respect to Swingline Loans and Loans made pursuant to Section 2.22(e)(ii), each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds to the Funding
Office not later than 12:00 noon, New York City time, and the Administrative Agent shall promptly transfer the amounts so received to the account designated by the Borrower in the applicable Borrowing Request or, if a Borrowing shall not occur on
such date because any condition precedent herein specified shall not have been met, return the amounts so received to the respective Lenders. 
  
 (d) Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing that such Lender will not make available
to the Administrative Agent such Lender’s portion of such Borrowing, the Administrative Agent may assume that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with paragraph
(c) above and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available then, to the extent that such
Lender shall not have made such portion available to the Administrative Agent, such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each
day from the date such amount is made available to the Borrower until the date such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising such Borrowing
and (ii) in the case of such Lender, a rate determined by the Administrative Agent to represent its cost of overnight or short-term funds (which determination shall be conclusive absent manifest error). If such Lender shall repay to the
Administrative Agent such corresponding amount, such amount shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. 
  

 29 

 (e) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request
any Revolving Credit Borrowing if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date. 
  
 SECTION 2.3. Borrowing Procedure. In order to request a Borrowing (other than a Swingline Loan or a deemed Borrowing pursuant to
Section 2.22(e), as to which this Section 2.3 shall not apply), the Borrower shall hand deliver or fax to the Administrative Agent a duly completed Borrowing Request (a) in the case of a Eurodollar Borrowing, not later than 11:00
a.m., New York City time, three Business Days before a proposed Borrowing, and (b) in the case of an ABR Borrowing, not later than 10:00 a.m., New York City time, on the day of a proposed Borrowing. Each Borrowing Request shall be irrevocable,
shall be signed by or on behalf of the Borrower and shall specify the following information: (i) whether the Borrowing then being requested is to be a Term Loan Borrowing, an Incremental Term Loan Borrowing or a Revolving Credit Borrowing, and
whether such Borrowing is to be a Eurodollar Borrowing or an ABR Borrowing; (ii) the date of such Borrowing (which shall be a Business Day); (iii) the number and location of the account to which funds are to be disbursed; (iv) the
amount of such Borrowing; (v) if such Borrowing is to be a Eurodollar Borrowing, the Interest Period with respect thereto; and (vi) that the conditions set forth in Sections 4.1(b)-(c) are satisfied on the date of such Borrowing
Request; provided, however, that, notwithstanding any contrary specification in any Borrowing Request, each requested Borrowing shall comply with the requirements set forth in Section 2.2. If no election as to the Type of
Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower shall be deemed to have selected an
Interest Period of one month’s duration. The Administrative Agent shall promptly advise the applicable Lenders of any notice given pursuant to this Section 2.3 (and the contents thereof), and of each Lender’s portion of the requested
Borrowing. 
  
 SECTION 2.4. Evidence of Debt; Repayment of
Loans. (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Lender of Term Loans, the principal amount of each Term Loan of such Lender as provided in Section 2.11,
(ii) to the Administrative Agent for the account of each Revolving Credit Lender, the then unpaid principal amount of each Revolving Loan of such Revolving Credit Lender on the Revolving Credit Maturity Date and (iii) to the Swingline
Lender, the then unpaid principal amount of each Swingline Loan on the earlier of the Revolving Credit Maturity Date and the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least two Business
Days after such Swingline Loan is made; provided, that on each date that a Revolving Credit Borrowing is made, the Borrower shall repay all Swingline Loans that were outstanding on the date such Borrowing was requested. 
  
 (b) Each Lender shall maintain in accordance with its usual practice an
account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under
this Agreement. 
  
 (c) The Administrative Agent shall maintain
accounts in which it will record (i) the amount of each Loan made hereunder, the Type and Class thereof and, if applicable, the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become
due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower or any Guarantor and each Lender’s share thereof. 
  
 (d) The entries made in the accounts maintained pursuant to paragraphs
(b) and (c) above shall be prima facie evidence of the existence and amounts of the obligations therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain such accounts
or any 

  

 30 

 
error therein shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance with their terms. 
  
 (e) Any Lender may request that Loans made by it hereunder be evidenced by a
promissory note. In such event, the Borrower shall execute and deliver to such Lender a promissory note payable to such Lender and its registered assigns and in a form and substance reasonably acceptable to the Administrative Agent and the Borrower
(each such promissory note, a “Note”). Notwithstanding any other provision of this Agreement, in the event any Lender shall request and receive a Note, the interests represented by such Note shall at all times (including after any
assignment of all or part of such interests pursuant to Section 9.4) be represented by one or more Notes payable to the payee named therein or its registered assigns. 
  
 SECTION 2.5. Fees. (a) The Borrower agrees to pay to each Lender, through the Administrative Agent, on the last
Business Day of March, June, September and December in each year and on each date on which any Commitment of such Lender shall expire or be terminated as provided herein, a commitment fee (a “Commitment Fee”) equal to the Commitment
Fee Rate on the daily unused amount of the Commitments of such Lender during the preceding quarter (or other period commencing with the date hereof or ending with the Revolving Credit Maturity Date or the date on which the Commitments of such Lender
shall expire or be terminated); provided, that any commitment fee accrued with respect to any of the Commitments of a Defaulting Lender during the period prior to the time such Lender became a Defaulting Lender and unpaid at such time shall
not be payable by the Borrower so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been due and payable by the Borrower prior to such time; and provided, further, that
no commitment fee shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a Defaulting Lender. All Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. The
Commitment Fee due to each Lender shall commence to accrue on the date hereof and shall cease to accrue on the date on which the Commitment of such Lender shall expire or be terminated as provided herein. For purposes of calculating Commitment Fees
only, no portion of the Revolving Credit Commitments shall be deemed utilized as a result of outstanding Swingline Loans. 
  
 (b) The Borrower agrees to pay to UBS Loan Finance LLC, Banc of America Securities LLC, the Agents and the Lenders, for their respective accounts, the
fees set forth in the Fee Letter at the times and in the amounts specified therein (the “Facility Fees”). 
  
 (c) The Borrower agrees to pay (i) to each Revolving Credit Lender, through the Administrative Agent, on each Fee Payment Date a fee (an “L/C
Participation Fee”) calculated on such Lender’s Pro Rata Percentage of the daily aggregate L/C Exposure (excluding the portion thereof attributable to unreimbursed L/C Disbursements) during the preceding quarter (or shorter period
commencing with the date hereof or ending with the Revolving Credit Maturity Date or the date on which all Letters of Credit have been canceled or have expired and the Revolving Credit Commitments of all Lenders shall have been terminated) at a rate
per annum equal to the Applicable Percentage from time to time used to determine the interest rate on Revolving Credit Borrowings comprised of Eurodollar Loans pursuant to Section 2.6, and (ii) to the Issuing Bank, for its own account, a
fronting fee of 0.25% per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in arrears on each Fee Payment Date after the issuance date (the “Issuing Bank Fees”). All L/C Participation Fees
and Issuing Bank Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. In addition, the Borrower shall pay directly to the Issuing Bank for its own account the customary issuance, presentation, amendment and
other processing fees, and other standard costs and charges, of the Issuing Bank 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.

  

 31 

 (d) All Fees shall be paid in Dollars on the dates due, in immediately available funds, to the
Administrative Agent for distribution, if and as appropriate, among the Lenders, except that the Issuing Bank Fees shall be paid directly to the Issuing Bank. Once paid, none of the Fees shall be refundable under any circumstances. 
  
 SECTION 2.6. Interest on Loans. (a) Subject to the provisions of
Section 2.7, the Loans comprising each ABR Borrowing, including each Swingline Loan, shall bear interest (computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when the Alternate Base
Rate is determined by reference to the Prime Rate and over a year of 360 days at all other times and calculated from and including the date of such Borrowing to but excluding the date of repayment thereof) at a rate per annum equal to the Alternate
Base Rate plus the Applicable Percentage in effect from time to time. 
  
 (b) Subject to the provisions of Section 2.7, the Loans comprising each Eurodollar Borrowing shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360 days) at a rate per annum equal to the
Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Percentage in effect from time to time. 
  
 (c) Interest on each Loan shall be payable to the applicable Lenders, through the Administrative Agent, on the Interest Payment Dates applicable to such
Loan except as otherwise provided in this Agreement. The applicable Alternate Base Rate or Eurodollar Rate for each Interest Period or day within an Interest Period, as the case may be, shall be determined by the Administrative Agent, and such
determination shall be conclusive absent manifest error. 
  
 SECTION 2.7. Default Interest. Any amount (whether of principal, interest, Fees or otherwise) not paid when due hereunder or under any other Loan Document shall bear interest, to the extent permitted by law (after as well as before
judgment), payable on demand, (a) in the case of principal, at the rate otherwise applicable thereto pursuant to Section 2.6 plus 2.00% per annum and (b) in all other cases, at a rate per annum (computed on the basis of the
actual number of days elapsed over a year of 365 or 366 days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days at all other times) equal to the rate that would be applicable to an ABR Term Loan plus
2.00% per annum. 
  
 SECTION 2.8. Alternate Rate of
Interest. In the event, and on each occasion, that on the day two Business Days prior to the commencement of any Interest Period for a Eurodollar Borrowing the Administrative Agent shall have determined that dollar deposits in the principal
amounts of the Loans comprising such Borrowing are not generally available in the London interbank market, or that the rates at which such dollar deposits are being offered will not adequately and fairly reflect the cost to a majority in interest of
the Lenders participating or to participate in such Loan of making or maintaining its Eurodollar Loan during such Interest Period, or that reasonable means do not exist for ascertaining the Eurodollar Rate, the Administrative Agent shall, as soon as
practicable thereafter, give written or fax notice of such determination to the Borrower and the Lenders. In the event of any such determination, until the Administrative Agent shall have advised the Borrower and the Lenders that the circumstances
giving rise to such notice no longer exist, any request by the Borrower for a Eurodollar Borrowing pursuant to Section 2.3 or 2.10 shall be deemed to be a request for an ABR Borrowing. Each determination by the Administrative Agent under this
Section 2.8 shall be conclusive absent manifest error. 
  
 SECTION 2.9. Termination and Reduction of Commitments. (a) The Initial Term Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Closing Date. The Revolving Credit Commitments, the Swingline
Commitment and the L/C Commitment shall 

  

 32 

 
automatically terminate on the Revolving Credit Maturity Date. Notwithstanding the foregoing, all the Commitments shall automatically terminate at 5:00 p.m.,
New York City time, on November 7, 2005, if the initial Credit Event shall not have occurred by such time. 
  
 (b) Upon at least three Business Days’ prior irrevocable written or fax notice (or telephonic notice promptly confirmed by written notice) to the
Administrative Agent, the Borrower may at any time in whole permanently terminate, or from time to time in part permanently reduce, the Term Loan Commitments or the Revolving Credit Commitments; provided, however, that (i) each
partial reduction of the Term Loan Commitments or the Revolving Credit Commitments shall be in an integral multiple of $1,000,000 and in a minimum amount of $5,000,000 and (ii) the Total Revolving Credit Commitment shall not be reduced to an
amount that is less than the Aggregate Revolving Credit Exposure at the time. 
  
 (c) Each reduction in the Term Loan Commitments or the Revolving Credit Commitments hereunder shall be made ratably among the Lenders in accordance with their respective applicable Commitments. The Borrower shall pay
to the Administrative Agent for the account of the applicable Lenders, on the date of termination of the Commitments of any Class, all accrued and unpaid Commitment Fees relating to such Class to but excluding the date of such termination.

  
 SECTION 2.10. Conversion and Continuation of
Borrowings. (a) Each Revolving Credit Borrowing and Borrowing of Term Loans initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as
specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in
this Section 2.10. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing,
and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding anything to the contrary, the Borrower shall not be entitled to request any conversion or continuation that, if made, would result in more than ten
Eurodollar Borrowings outstanding hereunder at any one time. This Section 2.10 shall not apply to Borrowings of Swingline Loans, which may not be converted or continued. 
  
 (b) To make an election pursuant to this Section 2.10, the Borrower shall deliver, by hand delivery or telecopy, a duly
completed and executed Interest Election Request to the Administrative Agent not later than the time that a Borrowing Request would be required under Section 2.3 if the Borrower were requesting a Revolving Borrowing or Borrowing of Term Loans
of the Type resulting from such election to be made on the effective date of such election. Each Interest Election Request shall be irrevocable. 
  
 (c) Each Interest Election Request shall specify the following information in compliance with Section 2.2: 
  
 (i) the Borrowing to which such Interest Election Request
applies and, if different options are being elected with respect to different portions thereof, or if outstanding Borrowings are being combined, allocation to each resulting Borrowing (in which case the information to be specified pursuant to
clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 
  
 (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; 
  
 (iii) whether the resulting Borrowing is to be an ABR
Borrowing or a Eurodollar Borrowing; and 
  

 33 

 (iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
  
 If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an
Interest Period of one month’s duration. 
  
 (d) Promptly
following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
  
 (e) If an Interest Election Request with respect to a Eurodollar Borrowing is not timely delivered prior to the end of the
Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. 
  
 (f) If any Eurodollar Borrowing is converted at a time other than the end of the Interest Period applicable thereto, the
Borrower shall pay, upon demand, any amounts due to the Lenders pursuant to Section 2.15. 
  
 (g) No Borrowing may be converted to, or continued as, a Eurodollar Borrowing at any time that an Event of Default under paragraph (b) or (c) of Article VII shall be continuing. 
  
 SECTION 2.11. Repayment of Term Loan Borrowings. (a) The Borrower
shall pay to the applicable Lenders, through the Administrative Agent, on the dates set forth below, or if any such date is not a Business Day, on the next preceding Business Day (each such date being called a “Repayment Date”), a
principal amount of the Term Loans (as adjusted from time to time pursuant to Sections 2.11(c), 2.12, 2.13(e) and 2.23(d)) equal to such Lender’s Term Percentage, multiplied by a percentage of the original aggregate principal amount of the
Term Loans as set forth below (together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment): 
  

				
	 Repayment Date

	  	Amount

	 
	 December 31, 2005
	  	0.25	%
	 March 31, 2006
	  	0.25	%
	 June 30, 2006
	  	0.25	%
	 September 30, 2006
	  	0.25	%
	 December 31, 2006
	  	0.25	%
	 March 31, 2007
	  	0.25	%
	 June 30, 2007
	  	0.25	%
	 September 30, 2007
	  	0.25	%
	 December 31, 2007
	  	0.25	%
	 March 31, 2008
	  	0.25	%
	 June 30, 2008
	  	0.25	%
	 September 30, 2008
	  	0.25	%
	 December 31, 2008
	  	0.25	%
	 March 31, 2009
	  	0.25	%
	 June 30, 2009
	  	0.25	%
	 September 30, 2009
	  	0.25	%
	 December 31, 2009
	  	0.25	%
	 March 31, 2010
	  	0.25	%
	 June 30, 2010
	  	0.25	%

  

 34 

				
	 September 30, 2010
	  	0.25	%
	 December 31, 2010
	  	0.25	%
	 March 31, 2011
	  	0.25	%
	 June 30, 2011
	  	0.25	%
	 September 30, 2011
	  	0.25	%
	 December 31, 2011
	  	0.25	%
	 March 31, 2012
	  	0.25	%
	 June 30, 2012
	  	0.25	%
	 Term Loan Maturity Date
	  	93.25	%

  
 (b) The Borrower shall
pay to the Administrative Agent, for the account of the Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.11(c), 2.12 and 2.13(e)) equal to
the amount set forth for such date in the applicable Incremental Term Loan Assumption Agreement, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. 
  
 (c) In the event and on each occasion that any Term Loan Commitment (other
than any Incremental Term Loan Commitment) shall be reduced or shall expire or terminate other than as a result of the making of a Term Loan, the installments payable on each Repayment Date shall be reduced pro rata by an aggregate amount equal to
the amount of such reduction, expiration or termination. 
  
 (d)
To the extent not previously paid, all Term Loans shall be due and payable on the Term Loan Maturity Date and all Incremental Term Loans shall be due and payable on the applicable Incremental Term Loan Maturity Date, together in each case with
accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment. 
  
 (e) All repayments pursuant to this Section 2.11 shall be subject to Section 2.15, but shall otherwise be without premium or penalty.

  
 SECTION 2.12. Optional Prepayments. (a) The
Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part, upon at least three Business Days’ prior written or fax notice (or telephonic notice promptly confirmed by written notice) in the case
of Eurodollar Loans, or written or fax notice (or telephonic notice promptly confirmed by written notice) at least one Business Day prior to the date of prepayment in the case of ABR Loans, to the Administrative Agent before 12:00 (noon), New York
City time; provided, however, that each partial prepayment of Loans shall be in an amount that is an integral multiple of $1,000,000. 
  
 (b) Optional prepayments of Term Loans shall be allocated ratably between the Term Loans and the Other Term Loans, if any, and shall be applied
first, in chronological order to the installments of principal in respect of the Term Loans and Other Term Loans scheduled to be paid within 12 months after such optional prepayment and second, pro rata against the remaining
scheduled installments of principal due in respect of the Term Loans and Other Term Loans. 
  
 (c) Each notice of prepayment shall specify the prepayment date and the principal amount of each Borrowing (or portion thereof) to be prepaid, shall be irrevocable and shall commit the Borrower to prepay such
Borrowing by the amount stated therein on the date stated therein. All prepayments under this Section 2.12 shall be subject to Section 2.15 but otherwise without premium or penalty. All prepayments under this Section 2.12 shall be
accompanied by accrued and unpaid interest on the principal amount to be prepaid to but excluding the date of payment; provided, however, that in the case of a prepayment of an ABR Revolving Loan or a Swingline Loan that is not made in
connection with a termination of the Revolving Credit Commitments, the accrued and unpaid interest on the principal 

  

 35 

 
amount prepaid shall be payable on the next scheduled Interest Payment Date with respect to such ABR Revolving Loan or Swingline Loan. 
  
 SECTION 2.13. Mandatory Prepayments. (a) In the event of any
termination of all the Revolving Credit Commitments, the Borrower shall, on the date of such termination, repay or prepay all its outstanding Revolving Credit Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of
Credit. If as a result of any partial reduction of the Revolving Credit Commitments the Aggregate Revolving Credit Exposure would exceed the Total Revolving Credit Commitment after giving effect thereto, then the Borrower shall, on the date of such
reduction, repay or prepay Revolving Credit Borrowings or Swingline Loans (or a combination thereof) and/or replace outstanding Letters of Credit in an amount sufficient to eliminate such excess. 
  
 (b) If on any date any Loan Party shall receive Net Cash Proceeds from any
Asset Sales or Recovery Events in an aggregate amount greater than $2,000,000 in any fiscal year of the Borrower then, unless a Reinvestment Notice shall be delivered in respect thereof, all such Net Cash Proceeds shall be applied within five
Business Days after such date to prepay outstanding Loans in accordance with Section 2.13(e); provided, that, notwithstanding the foregoing, (i) the aggregate Net Cash Proceeds of Asset Sales that may be excluded from the foregoing
requirement pursuant to a Reinvestment Notice shall not exceed $25,000,000 in any fiscal year of the Borrower and (ii) on each Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant
Reinvestment Event shall be applied toward such payment. 
  
 (c)
No later than the earlier of (i) 90 days after the end of each fiscal year of the Borrower, commencing with the fiscal year ending on December 31, 2005, and (ii) the date on which the financial statements with respect to such period
are delivered pursuant to Section 5.4(a), the Borrower shall prepay outstanding Loans in accordance with Section 2.13(e) in an aggregate principal amount equal to 50% of Excess Cash Flow for the fiscal year then ended; provided,
however, that in the event the Leverage Ratio at the end of such fiscal year was less than 3.5 to 1.00 no such prepayment shall be required. 
  
 (d) In the event that any Loan Party or any subsidiary of a Loan Party shall receive Net Cash Proceeds from the issuance of Disqualified Preferred Stock
or the issuance or other disposition of Indebtedness for money borrowed (or any similar transaction evidenced by bonds, debentures, notes or similar instruments) of any Loan Party or any subsidiary of a Loan Party (other than Disqualified Preferred
Stock or Indebtedness for money borrowed (or any similar transaction evidenced by bonds, debentures, notes or similar instruments) permitted pursuant to Section 6.1, except for Indebtedness incurred under Section 6.1(p) for which a
mandatory prepayment shall be required to the extent such Indebtedness exceeds $25,000,000 at any time), the Borrower shall, substantially simultaneously with (and in any event not later than the third Business Day next following) the receipt of
such Net Cash Proceeds by such Loan Party or such subsidiary, apply an amount equal to 100% of such Net Cash Proceeds to prepay outstanding Loans in accordance with Section 2.13(e). 
  
 (e) Mandatory prepayments of outstanding Term Loans under this Agreement shall be allocated ratably between the Term Loans
and the Other Term Loans, if any, and shall be applied first, in chronological order to the installments of principal in respect of the Term Loans and Other Term Loans scheduled to be paid within 12 months after such mandatory prepayment and
second, pro rata against the remaining scheduled installments of principal due in respect of the Term Loans and Other Term Loans under Section 2.11. Upon the prepayment in full of all Term Loans, mandatory prepayments shall be applied to
prepay Revolving Loans to the full extent thereof and to permanently reduce the Revolving Credit Commitments by the amount of such prepayment. 
  

 36 

 (f) The Borrower shall deliver to the Administrative Agent, at the time of each prepayment required under
this Section 2.13, (i) a certificate signed by a Financial Officer of the Borrower setting forth in reasonable detail the calculation of the amount of such prepayment and (ii) to the extent practicable, at least three days prior
written notice of such prepayment. Each notice of prepayment shall specify the prepayment date, the Type of each Loan being prepaid and the principal amount of each Loan (or portion thereof) to be prepaid. All prepayments of Borrowings under this
Section 2.13 shall be subject to Section 2.15, but shall otherwise be without premium or penalty. 
  
 SECTION 2.14. Reserve Requirements; Change in Circumstances. (a) Notwithstanding any other provision of this Agreement, if any Change in Law
shall impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of or credit extended by any Lender or the Issuing Bank (except any such reserve requirement which is
reflected in the Eurodollar Rate) or shall impose on such Lender or the Issuing Bank or the London interbank market any other condition affecting this Agreement or Eurodollar Loans made by such Lender or any Letter of Credit or participation
therein, and the result of any of the foregoing shall be to increase the cost to such Lender or the Issuing Bank of making or maintaining any Eurodollar Loan or increase the cost to any Lender of issuing or maintaining any Letter of Credit or
purchasing or maintaining a participation therein or to reduce the amount of any sum received or receivable by such Lender or the Issuing Bank hereunder (whether of principal, interest or otherwise), in each case, by an amount deemed by such Lender
or the Issuing Bank to be material, then the Borrower will pay to such Lender or the Issuing Bank, as the case may be, upon demand such additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may be, for such
additional costs incurred or reduction suffered. 
  
 (b) If any
Lender or the Issuing Bank shall have determined that any Change in Law regarding capital adequacy has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such
Lender’s or the Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made or participations in Letters of Credit purchased by such Lender pursuant hereto or the Letters of Credit issued by the Issuing
Bank pursuant hereto to a level below that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the
Issuing Bank’s policies and the policies of such Lender’s or the Issuing Bank’s holding company with respect to capital adequacy) by an amount deemed by such Lender or the Issuing Bank to be material, then from time to time the
Borrower shall pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction
suffered. 
  
 (c) A certificate of a Lender or the Issuing Bank
setting forth the amount or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as applicable, as specified in paragraph (a) or (b) above shall be delivered to the Borrower and shall be conclusive absent
manifest error. The Borrower shall pay such Lender or the Issuing Bank the amount shown as due on any such certificate delivered by it within 10 days after its receipt of the same. 
  
 (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation for any increased costs or
reduction in amounts received or receivable or reduction in return on capital shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided, that the Borrower shall not be under any
obligation to compensate any Lender or the Issuing Bank under paragraph (a) or (b) above with respect to increased costs or reductions with respect to any period ending prior to the date that is 180 days prior to such request if such
Lender or the Issuing Bank knew or could reasonably have been expected to know of the circumstances giving rise to such increased costs or reductions and of the fact that such circumstances would result in a claim for increased 

  

 37 

 
compensation by reason of such increased costs or reductions; provided, further, that the foregoing limitation shall not apply to any increased
costs or reductions arising out of the retroactive application of any Change in Law within such 180-day period. The protection of this Section shall be available to each Lender and the Issuing Bank regardless of any possible contention of the
invalidity or inapplicability of the Change in Law that shall have occurred or been imposed. 
  
 SECTION 2.15. Indemnity. The Borrower shall indemnify each Lender against any loss or expense that such Lender may sustain or incur as a consequence of (a) any event, other than a default by such Lender in
the performance of its obligations hereunder, which results in (i) such Lender receiving or being deemed to receive any amount on account of the principal of any Eurodollar Loan prior to the end of the Interest Period in effect therefor,
(ii) the conversion of any Eurodollar Loan to an ABR Loan, or the conversion of the Interest Period with respect to any Eurodollar Loan, in each case other than on the last day of the Interest Period in effect therefor, or (iii) any
Eurodollar Loan to be made by such Lender (including any Eurodollar Loan to be made pursuant to a conversion or continuation under Section 2.10) not being made after notice of such Loan shall have been given by the Borrower hereunder (any of
the events referred to in this clause (a) being called a “Breakage Event”) or (b) any default in the making of any payment or prepayment required to be made hereunder. In the case of any Breakage Event, such loss shall
include an amount equal to the excess, as reasonably determined by such Lender, of (i) its cost of obtaining funds for the Eurodollar Loan that is the subject of such Breakage Event for the period from the date of such Breakage Event to the
last day of the Interest Period in effect (or that would have been in effect) for such Loan over (ii) the amount of interest likely to be realized by such Lender in redeploying the funds released or not utilized by reason of such Breakage Event
for such period, but such loss shall not, in any event, include any lost profit or loss of applicable margin. A certificate of any Lender setting forth any amount or amounts which such Lender is entitled to receive pursuant to this Section 2.15
shall be delivered to the Borrower and shall be conclusive absent manifest error. 
  
 SECTION 2.16. Pro Rata Treatment. Each Borrowing, each payment or prepayment of principal of any Borrowing, each payment of interest on the Loans, each payment of the Commitment Fees or the L/C Participation
Fees, each reduction of the Term Loan Commitments or the Revolving Credit Commitments and each conversion of any Borrowing to or continuation of any Borrowing as a Borrowing of any Type shall be allocated pro rata among the Lenders in accordance
with their respective applicable Commitments (or, if such Commitments shall have expired or been terminated, in accordance with the respective principal amounts of their outstanding Loans or participations in L/C Disbursements, as applicable). Each
Lender agrees that in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round each Lender’s percentage of such Borrowing to the next higher or lower whole dollar amount.

  
 SECTION 2.17. Sharing of Setoffs. Each Lender agrees
that if it shall, through the exercise of a right of banker’s lien, setoff or counterclaim against the Borrower or any other Loan Party, or pursuant to a secured claim under Section 506 of Title 11 of the United States Code or other
security or interest arising from, or in lieu of, such secured claim, received by such Lender under any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means, obtain payment (voluntary or involuntary) in respect
of any Loan or L/C Disbursement as a result of which the unpaid portion of its Loans and participations in L/C Disbursements shall be proportionately less than the unpaid portion of the Loans and participations in L/C Disbursements of any other
Lender, it shall be deemed simultaneously to have purchased from such other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a participation in the Loans and L/C Exposure of such other Lender, so that the
aggregate unpaid amount of the Loans and L/C Exposure and participations in Loans and L/C Exposure held by each Lender shall be in the same proportion to the aggregate unpaid amount of all Loans and L/C Exposure then outstanding as the amount of its
Loans and L/C Exposure prior to such exercise of banker’s lien, setoff or counterclaim or other event was to the amount of all Loans and L/C 

  

 38 

 
Exposure outstanding prior to such exercise of banker’s lien, setoff or counterclaim or other event; provided, however, that if any such
purchase or purchases or adjustments shall be made pursuant to this Section 2.17 and the payment giving rise thereto shall thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent of such recovery and
the purchase price or prices or adjustment restored without interest. The Borrower expressly consents to the foregoing arrangements and agrees that any Lender holding a participation in a Loan or L/C Disbursement deemed to have been so purchased may
exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Borrower to such Lender by reason thereof as fully as if such Lender had made a Loan directly to the Borrower in the amount of
such participation. 
  
 SECTION 2.18. Payments.
(a) The Borrower shall make each payment (including principal of or interest on any Borrowing or any L/C Disbursement or any Fees or other amounts) hereunder and under any other Loan Document not later than 12:00 (noon), New York City time, on
the date when due and in immediately available funds, without setoff, defense or counterclaim. Each such payment (other than (i) Issuing Bank Fees, which shall be paid directly to the Issuing Bank, and (ii) principal of and interest on
Swingline Loans, which shall be paid directly to the Swingline Lender except as otherwise provided in Section 2.21(d)) shall be made to the Administrative Agent at the Funding Office, or at such other location as the Administrative Agent shall
notify the Borrower from time to time in accordance with Section 9.1. The Administrative Agent shall distribute any such payments received by it for the account of any other person to the appropriate recipient promptly following receipt
thereof. 
  
 (b) Except as otherwise expressly provided herein,
whenever any payment (including principal of or interest on any Borrowing or any Fees or other amounts) hereunder or under any other Loan Document shall become due, or otherwise would occur, on a day that is not a Business Day, such payment may be
made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of interest or Fees, if applicable. 
  
 SECTION 2.19. Taxes. (a) Any and all payments by or on account of any obligation of the Borrower or any Loan Party hereunder or under any
other Loan Document shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided, that if the Borrower or any Loan Party shall be required to deduct any Indemnified Taxes or 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 or such Lender (as the case
may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower or such Loan Party shall make such deductions and (iii) the Borrower or such Loan Party shall pay the full amount
deducted to the relevant Governmental Authority in accordance with applicable law. 
  
 (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
  
 (c) The Borrower shall indemnify the Administrative Agent and each Lender, within 10 days after written demand therefor, for
the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower or any Loan Party hereunder or under
any other Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto (other
than penalties or interest attributable to (i) a failure or delay by the Administrative Agent or such Lender, as applicable, in making such written demand to the Borrower or (ii) the gross negligence or willful misconduct of the
Administrative Agent or such Lender, as applicable), whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant 

  

 39 

 
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender, or by the Administrative Agent on
its behalf or on behalf of a Lender, shall be conclusive absent manifest error. 
  
 (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes (and in any event within 30 days of any such payment being due) by the Borrower or any other 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) Any Lender that
is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to
the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law and reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by
applicable law and reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate. 
  
 SECTION 2.20. Assignment of Commitments Under Certain Circumstances; Duty to Mitigate. (a) In the event
(i) any Lender or the Issuing Bank delivers a certificate requesting compensation pursuant to Section 2.14, (ii) the Borrower is required to pay any additional amount to any Lender or the Issuing Bank or any Governmental Authority on
account of any Lender or the Issuing Bank pursuant to Section 2.19, (iii) any Lender becomes a Defaulting Lender or (iv) any Lender refuses to consent to any amendment, waiver or other modification of any Loan Document requested by
the Borrower that requires the consent of all Lenders and such amendment, waiver or other modification is consented to by the Required Lenders, the Borrower may, at its sole expense and effort (including with respect to the processing and
recordation fee referred to in Section 9.4(b)), upon notice to such Lender or the Issuing Bank and the Administrative Agent, require such Lender or the Issuing Bank to transfer and assign, without recourse, representation or warranty, except as
to warranty as to its ownership of the assigned obligations (in accordance with and subject to the restrictions contained in Section 9.4), all of its interests, rights and obligations under this Agreement to an assignee that shall assume such
assigned obligations and, with respect to clause (iv) above, shall consent to such requested amendment, waiver or other modification of any Loan Document (which assignee may be another Lender, if a Lender accepts such assignment); provided that
(x) such assignment shall not conflict with any law, rule or regulation or order of any court or other Governmental Authority having jurisdiction, (y) the Borrower shall have received the prior written consent of the Administrative Agent
(and, if a Revolving Credit Commitment is being assigned, of the Issuing Bank and the Swingline Lender), which consent shall not unreasonably be withheld, and (z) the Borrower or such assignee shall have paid to the affected Lender or the
Issuing Bank in immediately available funds an amount equal to the sum of the principal of and interest accrued to the date of such payment on the outstanding Loans or L/C Disbursements of such Lender or the Issuing Bank plus all Fees and other
amounts accrued for the account of such Lender or the Issuing Bank hereunder (including any amounts under Section 2.14 and Section 2.15); provided, further, that, if prior to any such transfer and assignment the circumstances
or event that resulted in such Lender’s or the Issuing Bank’s claim for compensation under Section 2.14 or the amounts paid pursuant to Section 2.19, as the case may be, cease to cause such Lender or the Issuing Bank to suffer
increased costs or reductions in amounts received or receivable or reduction in return on capital or cease to result in amounts being payable under Section 2.19, as the case may be (including as a result of any action taken by such Lender or
the Issuing Bank pursuant to paragraph (b) below), or if such Lender or the Issuing Bank shall waive its right to claim further compensation under Section 2.14 in respect of such circumstances or event or shall waive its right to further
payments under Section 2.19 in respect of such circumstances or event or shall consent to the 

  

 40 

 
proposed amendment, waiver, consent or other modification, as the case may be, then such Lender or the Issuing Bank shall not thereafter be required to make
any such transfer and assignment hereunder. 
  
 (b) If
(i) any Lender or the Issuing Bank shall request compensation under Section 2.14 or (ii) the Borrower is required to pay any additional amount to any Lender or the Issuing Bank or any Governmental Authority on account of any Lender or
the Issuing Bank, pursuant to Section 2.19, then such Lender or the Issuing Bank shall use reasonable efforts (which shall not require such Lender or the Issuing Bank to incur an unreimbursed loss or unreimbursed cost or expense or otherwise
take any action inconsistent with its internal policies or legal or regulatory restrictions or suffer any disadvantage or burden deemed by it to be significant) (x) to file any certificate or document reasonably requested in writing by the
Borrower or (y) to assign its rights and delegate and transfer its obligations hereunder to another of its offices, branches or Affiliates, if such filing or assignment would reduce its claims for compensation under Section 2.14 or would
reduce amounts payable pursuant to Section 2.19, as the case may be, in the future. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or the Issuing Bank in connection with any such filing or assignment,
delegation and transfer. 
  
 SECTION 2.21. Swingline Loans.
(a) Swingline Commitment. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from time to time prior to the termination of the Revolving Credit Commitments, in an
aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $10,000,000 or (ii) the Aggregate Revolving Credit Exposure exceeding the Total
Revolving Credit Commitment; provided, that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein,
the Borrower may borrow, repay and reborrow Swingline Loans. 
  
 (b) Swingline Loan Borrowing Procedure. To request a Swingline Loan, the Borrower shall deliver, by hand delivery or telecopy, a duly completed and executed Borrowing Request to the Administrative Agent and the Swingline Lender, not
later than 1:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan. Each
Swingline Loan shall be an ABR Loan. The Swingline Lender shall make each Swingline Loan available to the Borrower by means of a credit to the general deposit account of the Borrower with the Swingline Lender (or, in the case of a Swingline Loan
made to finance the reimbursement of an L/C Disbursement as provided in Section 2.22(e), by remittance to the Issuing Bank) by 2:00 p.m., New York City time, on the requested date of such Swingline Loan. The Borrower shall not request a
Swingline Loan if at the time of or immediately after giving effect to the Borrowing contemplated by such request a Default has occurred and is continuing or would result therefrom. Swingline Loans shall be made in minimum amounts of $250,000 and
integral multiples of $100,000 above such amount. 
  
 (c)
Prepayment. The Borrower shall have the right at any time and from time to time to repay any Swingline Loan, in whole or in part, upon giving written notice to the Swingline Lender and the Administrative Agent before 12:00 (noon), New York
City time, on the proposed date of repayment. 
  
 (d)
Participations. The Swingline Lender may at any time in its discretion by written notice given to the Administrative Agent (provided, such notice requirement shall not apply if the Swingline Lender and the Administrative Agent are the
same entity) not later than 11:00 A.M., New York City time, on the next succeeding Business Day following such notice require the Revolving Credit Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans then
outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Revolving Credit Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof 

  

 41 

 
to each Revolving Credit Lender, specifying in such notice such Revolving Credit Lender’s Pro Rata Percentage of such Swingline Loan or Swingline Loans.
Each Revolving Credit Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Revolving Credit Lender’s Pro Rata Percentage
of such Swingline Loan or Swingline Loans. Each Revolving Credit Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by
any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever (so long
as such payment shall not cause such Lender’s Revolving Credit Exposure to exceed such Lender’s Revolving Credit Commitment). Each Revolving Credit Lender shall comply with its obligation under this paragraph by wire transfer of
immediately available funds, in the same manner as provided in Section 2.2(c) with respect to Loans made by such Lender (and Section 2.2 shall apply, mutatis mutandis, to the payment obligations of the Revolving Credit Lenders), and
the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Revolving Credit Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired by the
Revolving Credit Lenders pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower
(or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent. Any such amounts received by
the Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Credit Lenders that shall have made their payments pursuant to this paragraph, as their interests may appear. The purchase of participations in a
Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof. 
  
 SECTION 2.22. Letters of Credit. (a) General. Subject to the terms and conditions set forth herein, the Borrower may request the
Issuing Bank to issue Letters of Credit for its own account or the account of a Subsidiary in a form reasonably acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time while the Revolving Credit Commitments
remain in effect (provided, that the Borrower shall be a co-applicant, and be jointly and severally liable, with respect to each Letter of Credit issued for the account of a Subsidiary). The Issuing Bank shall have no obligation to issue, and
the Borrower shall not request the issuance of, any Letter of Credit at any time if after giving effect to such issuance, the L/C Exposure would exceed the L/C Commitment or the Aggregate Revolving Credit Exposure would exceed the Total Revolving
Credit Commitment. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of Letter of Credit Application or other agreement submitted by the Borrower to, or entered into by the
Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall
be subject to and governed by the terms and conditions hereof. 
  
 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit or the amendment, renewal or extension of an outstanding Letter of Credit, the Borrower shall hand deliver or
telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) an L/C Request to the Issuing Bank and the Administrative Agent not later than 11:00 a.m. on the third Business Day preceding the
requested date of issuance, amendment, renewal or extension (or such later date and time as is acceptable to the Issuing Bank). 
  

 42 

 A request for an initial issuance of a Letter of Credit shall specify in form and detail satisfactory to the Issuing
Bank: 
  
 (i) the proposed issuance date of the
requested Letter of Credit (which shall be a Business Day); 
  
 (ii) the amount thereof; 
  
 (iii) the expiry date thereof (which shall not be later than the close of business on the Letter of Credit Expiration Date); 
  
 (iv) the name and address of the beneficiary thereof; 
  
 (v) whether the Letter of Credit is to be issued for its own account or for the account of a Subsidiary
(provided, that the Borrower shall be a co-applicant, and therefore jointly and severally liable, with respect to each Letter of Credit issued for the account of a Subsidiary); 
  
 (vi) the documents to be presented by such beneficiary in connection with any drawing thereunder;

  
 (vii) the full text of any certificate to be
presented by such beneficiary in connection with any drawing thereunder; and 
  
 (viii) such other matters as the Issuing Bank may require. 
  
 A request for an amendment, renewal or extension of any outstanding Letter of Credit shall specify in form and detail satisfactory to the Issuing Bank: 
  
 (i) the Letter of Credit to be amended, renewed or extended; 
  
 (ix) the proposed date of amendment, renewal or extension
thereof (which shall be a Business Day); 
  
 (x)
the nature of the proposed amendment, renewal or extension; and 
  
 (xi) such other matters as the Issuing Bank may require. 
  
 Subject to the last sentence of Section 2.22(a), if requested by the Issuing Bank, the Borrower also shall submit a Letter of Credit Application on the Issuing Bank’s standard form in connection with any
request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and, upon issuance, amendment, renewal or extension of each Letter of Credit, the Borrower shall be deemed to represent and warrant that),
after giving effect to such issuance, amendment, renewal or extension, (i) the L/C Exposure shall not exceed the L/C Commitment and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment. Unless
the Issuing Bank and the Administrative Agent shall agree otherwise, no Letter of Credit shall be in an initial amount less than $100,000. 
  
 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date which is one year
after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the Letter of Credit Expiration Date. 
  

 43 

 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit
increasing the amount thereof) and without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby irrevocably grants to each Revolving Credit Lender, and each Revolving Credit Lender hereby acquires from the
Issuing Bank, a participation in such Letter of Credit equal to such Revolving Credit Lender’s Pro Rata Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing,
each Revolving Credit Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank, such Revolving Credit Lender’s Pro Rata Percentage of each L/C Disbursement made by the Issuing
Bank and not reimbursed by the Borrower on the date due as provided in Section 2.22(e), or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Revolving Credit Lender acknowledges and agrees that its
obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of
Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
  
 (e) Reimbursement. 
  
 (i) If the Issuing Bank shall make any L/C Disbursement in
respect of a Letter of Credit, the Borrower shall reimburse such L/C Disbursement by paying to the Issuing Bank an amount equal to such L/C Disbursement not later than 2:00 p.m., New York City time, on the date that such L/C Disbursement is made if
the Borrower shall have received notice of such L/C Disbursement prior to 11:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 2:00 p.m., New York
City time, on the Business Day immediately following the day that the Borrower receives such notice. 
  
 (ii) If the Borrower fails to make such payment when due, the Issuing Bank shall notify the Administrative Agent and the Administrative
Agent shall notify each Revolving Credit Lender of the applicable L/C Disbursement, the payment then due from the Borrower in respect thereof and such Revolving Credit Lender’s Pro Rata Percentage thereof. Each Revolving Credit Lender shall pay
by wire transfer of immediately available funds to the Administrative Agent not later than 3:00 p.m., New York City time, on such date (or, if such Revolving Credit Lender shall have received such notice later than 12:00 noon, New York City time, on
any day, not later than 11:00 a.m., New York City time, on the immediately following Business Day), an amount equal to such Revolving Credit Lender’s Pro Rata Percentage of the unreimbursed L/C Disbursement in the same manner as provided in
Section 2.2(c) with respect to Revolving Loans made by such Revolving Credit Lender, and the Administrative Agent will promptly pay to the Issuing Bank the amounts so received by it from the Revolving Credit Lenders. The Administrative Agent
will promptly pay to the Issuing Bank any amounts received by it from the Borrower pursuant to the above paragraph prior to the time that any Revolving Credit Lender makes any payment pursuant to the preceding sentence and any such amounts received
by the Administrative Agent from the Borrower thereafter will be promptly remitted by the Administrative Agent to the Revolving Credit Lenders that shall have made such payments and to the Issuing Bank, as appropriate 
  
 (iii) If any Revolving Credit Lender shall not have made its
Pro Rata Percentage of such L/C Disbursement available to the Administrative Agent as provided above, each of such Revolving Credit Lender and the Borrower severally agrees to pay interest on such amount, for each day from and including the date
such amount is required to be paid in accordance with the foregoing to but excluding the date such amount is paid, to the Administrative Agent for the 

  

 44 

 
account of the Issuing Bank at (i) in the case of the Borrower, the rate per annum set forth in Section 2.22(h) and (ii) in the case of such
Lender, at a rate determined by the Administrative Agent in accordance with banking industry rules or practices on interbank compensation. 
  
 (f) Obligations Absolute. The Reimbursement Obligation of the Borrower as provided in Section 2.22(e) shall be absolute, unconditional and
irrevocable, and shall be paid and performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this
Agreement, or any term or provision therein; (ii) any draft or other document presented under a Letter of Credit being proved to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate
in any respect; (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that fails to comply with the terms of such Letter of Credit; (iv) any other event or circumstance whatsoever,
whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.22, constitute a legal or equitable discharge of, or provide a right of setoff against, the obligations of the Borrower hereunder; (v) the
fact that a Default shall have occurred and be continuing; or (vi) any material adverse change in the business, property, results of operations, prospects or condition, financial or otherwise, of the Borrower and its Subsidiaries. None of the
Agents, the Lenders, the Issuing Bank or any of their Affiliates shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder
(irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Bank; provided, that the foregoing shall not be construed
to excuse the Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by
the Borrower that are caused by the Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the
absence of gross negligence or willful misconduct on the part of the Issuing Bank (as finally determined by a court of competent jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the
foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole
discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are
not in strict compliance with the terms of such Letter of Credit. 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 Issuing Bank. The Borrower shall be conclusively deemed to have waived any such claim against the Issuing Bank and its correspondents unless such notice is
given as aforesaid. 
  
 (g) Disbursement Procedures. The
Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly give written notice to the Administrative Agent and the Borrower
of such demand for payment and whether the Issuing Bank has made or will make an L/C Disbursement thereunder; provided, that any failure to give or delay in giving such notice shall not relieve the Borrower of its Reimbursement Obligation to
the Issuing Bank and the Revolving Credit Lenders with respect to any such L/C Disbursement (other than with respect to the timing of such Reimbursement Obligation set forth in Section 2.22(e)). 
  

 45 

 (h) Interim Interest. If the Issuing Bank shall make any L/C Disbursement, then, unless the
Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest payable on demand, for each day from and including the date such L/C Disbursement is made to but
excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum determined pursuant to Section 2.7. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest
accrued on and after the date of payment by any Revolving Credit Lender pursuant to Section 2.22(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment. 
  
 (i) Resignation or Removal of the Issuing Bank. The Issuing Bank may
resign as Issuing Bank hereunder at any time upon at least 30 days’ prior notice to the Lenders, the Administrative Agent and the Borrower. The Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative
Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank or any such additional Issuing Bank. At the time any such resignation or replacement shall
become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.5(c). From and after the effective date of any such resignation or replacement or addition, as applicable,
(i) the successor or additional Issuing Bank shall have all the rights and obligations of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued by it thereafter and (ii) references herein to the term
“Issuing Bank” shall be deemed to refer to such successor or such addition or to any previous Issuing Bank, or to such successor or such addition and all previous Issuing Banks, as the context shall require. After the resignation or
replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to
such resignation or replacement, but shall not be required to issue additional Letters of Credit. If at any time there is more than one Issuing Bank hereunder, the Borrower may, in its discretion, select which Issuing Bank is to issue any particular
Letter of Credit. 
  
 (j) Cash Collateralization. If any
Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Credit Lenders with L/C
Exposure representing greater than 50% of the total L/C Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account (the “L/C Sub-Account”) established by the
Administrative Agent and maintained in the name of the Administrative Agent and for the benefit of the Revolving Credit Lenders, an amount in cash equal to 105% of the L/C Exposure as of such date plus any accrued and unpaid interest thereon;
provided, that the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of
Default with respect to the Borrower described in paragraph (g) or (h) of Article VII. Funds in the L/C Sub-Account shall be applied by the Administrative Agent to reimburse the Issuing Bank for L/C Disbursements for which it has not
been reimbursed and, to the extent not so applied, shall be held as collateral security for the satisfaction of outstanding Reimbursement Obligations or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving
Credit Lenders with L/C Exposure representing greater than 50% of the total L/C Exposure), be applied to satisfy other Obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder as
a result of the occurrence of an Event of Default, such amount plus any accrued interest or realized profits with respect to such amounts (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days
after all Events of Default have been cured or waived. 
  
 (k)
Additional Issuing Banks. The Borrower may, at any time and from time to time, designate one or more additional Revolving Credit Lenders to act as an Issuing Bank under the terms of 

  

 46 

 
this Agreement, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld), the Issuing Bank and such Revolving Credit
Lender(s). Any Lender designated as an issuing bank pursuant to this paragraph (k) shall be deemed (in addition to being a Revolving Credit Lender) to be the Issuing Bank with respect to Letters of Credit issued or to be issued by such
Revolving Credit Lender, and all references herein and in the other Loan Documents to the term “Issuing Bank” shall, with respect to such Letters of Credit, be deemed to refer to such Revolving Credit Lender in its capacity as Issuing
Bank, as the context shall require. 
  
 (l) Miscellaneous.
The Issuing Bank shall be under no obligation to issue any Letter of Credit if: 
  
 (i) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Issuing
Bank from issuing such Letter of Credit, or any law applicable to the Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing Bank shall prohibit, or
request that the Issuing Bank refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Bank with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which the Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which
the Issuing Bank in good faith deems material to it; 
  
 (ii) the issuance of such Letter of Credit would violate one or more policies of the Issuing Bank; 
  
 (iii) such Letter of Credit is to be denominated in a currency other than Dollars; 
  
 (iv) such Letter of Credit contains any provisions for
automatic reinstatement of the stated amount after any drawing thereunder; or 
  
 (v) a default of any Revolving Credit Lender’s obligations to fund under Section 2.22(d) exists or any Revolving Credit Lender is at such time a Defaulting Lender hereunder, unless the Issuing Bank has
entered into satisfactory arrangements with the Borrower or such Revolving Credit Lender to eliminate the Issuing Bank’s risk with respect to such Revolving Credit Lender. 
  
 The Issuing Bank shall be under no obligation to amend any Letter of Credit if (A) the Issuing Bank 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. The Issuing Bank shall not amend
any Letter of Credit if the Issuing Bank would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof. The Issuing Bank shall act on behalf of the Revolving Credit Lenders with respect to any Letters
of Credit issued by it and the documents associated therewith, and the Issuing Bank shall have all of the benefits and immunities (x) provided to the Administrative Agent in Article VIII with respect to any acts taken or omissions suffered by
the Issuing Bank 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 VIII included the
Issuing Bank with respect to such acts or omissions and (y) as additionally provided herein with respect to the Issuing Bank. 
  
 SECTION 2.23. Increase in Term Loan Commitments. (a) The Borrower may, by written notice to the Administrative Agent, from time to time,
request Incremental Term Loan Commitments in 

  

 47 

 
an amount not to exceed the Incremental Term Loan Amount from one or more Incremental Term Lenders (which may include any existing Lender) willing to provide
such Incremental Term Loans in their own discretion; provided, that (i) before submitting any such request to a person that is not a Lender, the Borrower shall first give each existing Lender the opportunity to provide such Incremental
Term Loan Commitments (in which case, existing Lenders shall have no more than two (2) Business Days from the date of such notice to indicate whether they are willing to provide such Incremental Term Loans) and (ii) each Incremental Term
Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments
being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000 or equal to the remaining Incremental Term Loan Amount), (ii) the date on which such Incremental Term Loan Commitments are requested to
become effective (which shall not be less than 10 Business Days after the date of such notice) and (iii) whether such Incremental Term Loan Commitments are to be Term Loan Commitments or commitments to make term loans with terms different from
the Term Loans (“Other Term Loans”). 
  
 (b) The
Borrower and each Incremental Term Lender shall execute and deliver to the Administrative Agent an Incremental Term Loan Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the
Incremental Term Loan Commitment of such Incremental Term Lender. Each Incremental Term Loan Assumption Agreement shall specify the terms of the Incremental Term Loans to be made thereunder; provided, that, without the prior written consent
of the Required Lenders, (i) the final maturity date of any Other Term Loans shall be no earlier than the Term Loan Maturity Date and (ii) the average life to maturity of any Other Term Loans shall be no shorter than the average life to
maturity of the Term Loans; and provided, further, that, if the interest rate margin in respect of any Other Term Loan would exceed the Applicable Percentage for the Term Loans by more than 0.25% (it being understood that any
such increase may take the form of original issue discount (“OID”), with OID being equated to the interest rates in a manner determined by the Administrative Agent based on an assumed four-year life to maturity), the Applicable
Percentage for the Term Loans shall be increased so that the interest rate margin in respect of such Other Term Loan (giving effect to any OID issued in connection with such Other Term Loan) is no more than 0.25% higher than the Applicable
Percentage for the Term Loans. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Term Loan Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any
Incremental Term Loan Assumption Agreement, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Term Loan Commitment evidenced thereby as provided for in
Section 9.8(b). Any such deemed amendment may be memorialized in writing by the Administrative Agent with the Borrower’s consent (not to be unreasonably withheld) and furnished to the other parties hereto. 
  
 (c) Notwithstanding the foregoing, no Incremental Term Loan Commitment shall
become effective under this Section 2.23 unless (i) on the date of such effectiveness, the conditions set forth in paragraphs (b) and (c) of Section 4.1 shall be satisfied and the Administrative Agent shall have received a
certificate to that effect dated such date and executed by a Financial Officer of the Borrower, (ii) the Administrative Agent shall have received (with sufficient copies for each of the Incremental Term Lenders) legal opinions, board
resolutions and other closing certificates and documentation consistent with those delivered on the Closing Date under Section 4.2, (iii) the Borrower would be in Pro Forma Compliance after giving effect to such Incremental Term Loan
Commitment and the Loans to be made thereunder and the application of the proceeds therefrom as if made and applied on such date and (iv) the Leverage Ratio shall be less than 4:00 to 1:00 on a Pro Forma Basis after giving effect to such
Incremental Term Loan Commitment and the Loans to be made thereunder and such additional Indebtedness (if any) as if such Loans and additional Indebtedness were outstanding, and the proceeds thereof applied as set forth in a notice from the Borrower
to the Administrative Agent, on the last day of 

  

 48 

 
the most recently ended fiscal quarter of the Borrower; provided, that if such Loans are used along with additional Indebtedness permitted hereunder
to finance a Permitted Acquisition pursuant to Section 6.4(g), the computation of the Leverage Ratio under this clause (iv) shall be made without regard to such additional Indebtedness. Notwithstanding anything to the contrary stated
herein, the proceeds of Incremental Term Loans and Other Term Loans may not be used to pay cash dividends. 
  
 (d) Each of the parties hereto hereby agrees that the Administrative Agent may take any and all action as may be reasonably necessary to ensure that all
Incremental Term Loans (other than Other Term Loans), when originally made, are included in each Borrowing of outstanding Term Loans on a pro rata basis, and the Borrower agrees that Section 2.15 shall apply to any conversion of Eurodollar Term
Loans to ABR Term Loans reasonably required by the Administrative Agent to effect the foregoing. In addition, to the extent any Incremental Term Loans are not Other Term Loans, the scheduled amortization payments under Sections 2.11(a) required to
be made after the making of such Incremental Term Loans shall be ratably increased by the aggregate principal amount of such Incremental Term Loans. 
  
 SECTION 2.24. Increase in Revolving Credit Commitments. (a) The Borrower may, by written notice to the Administrative Agent, on one occasion
only, request Incremental Revolving Credit Commitments in an amount not to exceed $12,000,000 from one or more Incremental Revolving Credit Lenders (which may include any existing Lender) willing to provide such Incremental Revolving Loans in their
own discretion; provided, that each Incremental Revolving Credit Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Such notice shall
set forth (i) the amount of the Incremental Revolving Credit Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $1,000,000) and (ii) the date on which such Incremental Revolving Credit
Commitments are requested to become effective (which shall not be less than 10 Business Days after the date of such notice). 
  
 (b) The Borrower and each Incremental Revolving Credit Lender shall execute and deliver to the Administrative Agent an Incremental Revolving Loan
Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Revolving Credit Commitment of such Incremental Revolving Credit Lender. The Administrative Agent shall promptly
notify each Lender as to the effectiveness of each Incremental Revolving Loan Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Revolving Loan Assumption Agreement, this Agreement shall be
amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Revolving Credit Commitment evidenced thereby as provided for in Section 9.8(b). Any such deemed amendment may be memorialized in
writing by the Administrative Agent with the Borrower’s consent (not to be unreasonably withheld) and furnished to the other parties hereto. 
  
 (c) Notwithstanding the foregoing, no Incremental Revolving Credit Commitment shall become effective under this Section 2.24 unless (i) on the
date of such effectiveness, the conditions set forth in paragraphs (b) and (c) of Section 4.1 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial
Officer of the Borrower, (ii) if such Incremental Revolving Credit Commitments are to become effective more than 30 days after the Closing Date, the Administrative Agent shall have received (with sufficient copies for each of the Incremental
Revolving Credit Lenders) legal opinions, board resolutions and other closing certificates and documentation consistent with those delivered on the Closing Date under Section 4.2, and (iii) the Borrower would be in Pro Forma Compliance
after giving effect to such Incremental Revolving Credit Commitment and the Loans to be made thereunder and the application of the proceeds therefrom as if made and applied on such date. 
  

 49 

 (d) Each of the parties hereto hereby agrees that the Administrative Agent may take any and all action as
may be reasonably necessary to ensure that all Incremental Revolving Loans, when originally made, are included in each Borrowing of outstanding Revolving Loans on a pro rata basis, and the Borrower agrees that Section 2.15 shall apply to any
conversion of Eurodollar Revolving Loans to ABR Revolving Loans reasonably required by the Administrative Agent to effect the foregoing. 
  
 ARTICLE III 
 Representations and Warranties

  
 The Borrower represents and warrants to the Administrative
Agent, the Issuing Bank and each of the Lenders that: 
  
 SECTION
3.1. Organization; Powers. The Borrower and each of the Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization except, solely with respect to certain Foreign
Subsidiaries, as set forth on Schedule 3.1, (b) has all requisite power and authority to own its property and assets and to carry on its business as now conducted and as proposed to be conducted, (c) is qualified to do business in,
and is in good standing in, every jurisdiction where such qualification is required, except where the failure so to qualify could not reasonably be expected to result in a Material Adverse Effect, and (d) has the power and authority to execute,
deliver and perform its obligations under each of the Loan Documents and each other agreement or instrument contemplated hereby or thereby to which it is or will be a party and, in the case of the Borrower, to borrow hereunder. 
  
 SECTION 3.2. Authorization. The Transactions (a) have been duly
authorized by all requisite corporate and, if required, stockholder action and (b) will not (i) violate (A) any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive
documents or by-laws of the Borrower or any Subsidiary, (B) any order of any Governmental Authority or (C) any provision of any indenture, material agreement or other material instrument to which the Borrower or any Subsidiary is a party
or by which any of them or any of their property is or may be bound, (ii) except as set forth on Schedule 3.2, be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a default under, or give
rise to any right to accelerate or to require the prepayment, repurchase or redemption of any obligation under any such indenture, material agreement or other material instrument or (iii) result in the creation or imposition of any Lien upon or
with respect to any property or assets now owned or hereafter acquired by the Borrower or any Subsidiary (other than any Lien created hereunder or under the Security Documents). 
  
 SECTION 3.3. Enforceability. This Agreement has been duly executed and delivered by the Borrower and constitutes, and
each other Loan Document when executed and delivered by each Loan Party party thereto will constitute, a legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms. 
  
 SECTION 3.4. Governmental Approvals. Except as set forth on Schedule
3.4, no action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with the Transactions, except for (a) the filing of Uniform Commercial Code financing
statements and filings with the United States Patent and Trademark Office and the United States Copyright Office, (b) the recordation of any Mortgages, (c) such as have been made or obtained and are in full force and effect or which are
not material to the consummation of the Transactions and (d) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make could not reasonably be expected to have a Material
Adverse Effect. 
  

 50 

 SECTION 3.5. Financial Statements. (a) The Borrower has heretofore furnished to the Lenders
(i) the consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows of the Borrower and its consolidated subsidiaries as of and for the fiscal year ended December 31, 2004, audited by and
accompanied by the unqualified opinion of Ernst & Young LLP, independent public accountants and (ii) the unaudited consolidated balance sheets and related statements of operations, stockholders’ equity and cash flows of the
Borrower and its consolidated subsidiaries as of the fiscal quarters ending March 31, 2005 and June 30, 2005. Such financial statements present fairly, in all material respects, the financial condition and results of operations and cash
flows of the Borrower and its consolidated subsidiaries as of such dates and for such periods. Except as set forth on Schedule 3.5(a), such balance sheets and the notes thereto disclose all material liabilities, direct or contingent, of the Borrower
and its consolidated subsidiaries as of the dates thereof. Such financial statements were prepared in accordance with GAAP applied on a consistent basis, except that the unaudited financial statements are subject to normal year-end adjustments and
do not contain notes thereto. 
  
 (b) The Borrower has heretofore
delivered to the Lenders the unaudited pro forma consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows of the Borrower and its consolidated subsidiaries, as well as pro forma levels of Consolidated
EBITDA, for the Borrower’s fiscal year ended December 31, 2004 and as of and for the three months ending March 31, 2005 and the six months ending June 30, 2005, prepared giving effect to the Transactions as if they had occurred
on such date. Such pro forma financial statements have been prepared in good faith by the Borrower, based on the assumptions used to prepare the pro forma financial information contained in the Confidential Information Memorandum (which assumptions
are believed by the Borrower on the date hereof to be reasonable), are based on the best information available to the Borrower as of the date of delivery thereof, accurately reflect, in all material respects, all adjustments required to be made to
give effect to the Transactions and present fairly, in all material respects, on a pro forma basis the estimated consolidated financial position of the Borrower and its consolidated subsidiaries as of such date and for such periods, assuming that
the Transactions had actually occurred at such date or at the beginning of such period, as the case may be. The forecasts of financial performance of the Borrower and its subsidiaries heretofore furnished to the Lenders have been prepared in good
faith by the Borrower and based on assumptions believed by the Borrower to be reasonable (it being understood that such forecasts as to future events are not to be reviewed as facts and that actual results may differ materially from such forecasts).

  
 SECTION 3.6. No Material Adverse Change. No event,
change or condition has occurred that has had, or could reasonably be expected to have, a material adverse effect on the business, operations, assets, liabilities, financial condition or results of operations of the Borrower and the Subsidiaries,
taken as a whole, since December 31, 2004. 
  
 SECTION 3.7.
Title to Properties; Possession Under Leases. (a) The Borrower and each of the Subsidiaries has good and marketable title to, or valid leasehold interests in, all its material properties and material assets, except for minor defects in
title that do not materially interfere with its ability to conduct its business or to utilize such assets for their intended purposes and Liens permitted by Section 6.2 and except where the failure to have such title could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. All such material properties and assets are free and clear of Liens, other than Liens expressly permitted by Section 6.2. 
  
 (b) The use by the Borrower and each of the Subsidiaries of such Collateral
and all such rights with respect to the foregoing do not infringe on the rights of any person other than such infringement which could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. No claim has
been made and remains outstanding that the Borrower’s or any 

  

 51 

 
Subsidiaries’ use of any Collateral does or may violate the rights of any third party that could, individually or in the aggregate, reasonably be
expected to result in a Material Adverse Effect. 
  
 (c) The
Borrower and each of the Subsidiaries has complied with all material obligations due and payable or required to be performed under all material leases to which it is a party and all such material leases are in full force and effect. The Borrower and
each of the Subsidiaries enjoys peaceful and undisturbed possession under all such leases, except where the failure to so enjoy could not reasonably be expected to have a Material Adverse Effect. 
  
 (d) The Borrower and each of the Subsidiaries owns, or is licensed to use,
all Patents, patent applications, Trademarks, trade names, servicemarks, Copyrights, technology, trade secrets, proprietary information, domain names, know-how and processes necessary for the conduct of its business as currently conducted (the
“Intellectual Property”), except for those the failure to own or license which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No claim has been asserted in writing and is
pending by any person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor does the Borrower or any Subsidiary know of any valid basis for any such claim, which
claim is reasonably likely to have a Material Adverse Effect. The use of such Intellectual Property by the Borrower and each Subsidiary does not infringe the rights of any person, except for such claims and infringements that, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
  
 (e) Except pursuant to licenses and other user agreements entered into by the Borrower or any Subsidiary in the ordinary course of business, on and as of the date hereof (i) the Borrower and each Subsidiary owns
and possesses the right to use, and has done nothing to authorize or enable any other person to use, any of its Copyrights, Patents or Trademarks and (ii) all registrations listed in Schedule III to the Guarantee and Collateral Agreement are
valid and in full force and effect, in each case, except for any failure which could not, individually or in the aggregate, be reasonably likely to result in a Material Adverse Effect. 
  
 (f) To the Borrower’s and each Subsidiary’s knowledge, on and as of the date hereof, (i) there is no
violation by others of any right of the Borrower or such Subsidiary with respect to any of its Copyrights, Patents or Trademarks, respectively, pledged by it under the name of the Borrower or such Subsidiary, as the case may be, (ii) the
Borrower or such Subsidiary is not infringing upon any Copyright, Patent or Trademark of any other person other than, in the case of clauses (i) and (ii), such violation or infringement that, individually or in the aggregate, could not
reasonably be expected to have a Material Adverse Effect, and (iii) no proceedings have been instituted or are pending against the Borrower or such Subsidiary or threatened, and no claim against such the Borrower or such Subsidiary has been
received by the Borrower or such Subsidiary, as the case may be, alleging any such violation, except any violations which could not, individually or in the aggregate, be reasonably likely to result in a Material Adverse Effect. 
  
 SECTION 3.8. Subsidiaries. Schedule 3.8 sets forth as of the
Closing Date a list of all Subsidiaries and the percentage ownership interest of the Borrower and any Subsidiary therein. The shares of Equity Interests so indicated on Schedule 3.8 are owned by the Borrower, directly or indirectly, free and clear
of all Liens (other than Liens created under the Security Documents). 
  
 SECTION 3.9. Litigation; Compliance with Laws. (a) There are not any actions, suits or proceedings at law or in equity or by or before any Governmental Authority now pending or, to the knowledge of the Borrower, threatened
against or affecting the Borrower, any Subsidiary or any business, property or rights of any such person (i) that involve any Loan Document or the Transactions or (ii) as to 

  

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which there is a reasonable possibility of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Effect. 
  
 (b) None of
the Borrower or any of the Subsidiaries or any of their respective material properties or material assets is in violation of, nor will the continued operation of their material properties and material assets as currently conducted violate, any law,
rule or regulation (including any zoning, building, Environmental Law, ordinance, code or approval or any building permits), or is in default with respect to any judgment, writ, injunction, decree or order of any Governmental Authority, where such
violation or default could reasonably be expected to result in a Material Adverse Effect. 
  
 SECTION 3.10. Agreements. (a) None of the Borrower or any of the Subsidiaries is a party to any agreement or instrument or subject to any corporate restriction that has resulted or could reasonably be
expected to result in a Material Adverse Effect. 
  
 (b) None of
the Borrower or any of the Subsidiaries is in default in any manner under any provision of any indenture or other agreement or instrument evidencing Indebtedness, or any other agreement or instrument to which it is a party or by which it or any of
its properties or assets are or may be bound, where such default could reasonably be expected to result in a Material Adverse Effect. 
  
 SECTION 3.11. Federal Reserve Regulations. (a) None of the Borrower or any of the Subsidiaries is engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of buying or carrying Margin Stock. 
  
 (b) No part of the proceeds of any Loan or any Letter of Credit will be used, whether directly or indirectly, and whether immediately, incidentally or
ultimately, for any purpose that entails a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulation T, U or X. 
  
 SECTION 3.12. Investment Company Act; Public Utility Holding Company Act. None of the Borrower or any Subsidiary is
(a) an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940 or (b) a “holding company” as defined in, or subject to regulation under, the Public Utility Holding Company
Act of 1935. 
  
 SECTION 3.13. Use of Proceeds. The
Borrower will use the proceeds of the Loans (other than any Incremental Term Loans) and will request the issuance of Letters of Credit only for the purposes specified in Section 5.8. The Borrower will use the proceeds of any Incremental Term
Loans solely as set forth in the applicable Incremental Term Loan Assumption Agreement. 
  
 SECTION 3.14. Tax Returns. Each of the Borrower and each of the Subsidiaries has filed or caused to be filed all Federal and all material state, local and foreign tax returns or materials required to have been
filed by it and has paid or caused to be paid all material taxes due and payable by it and all assessments received by it, except taxes that are being contested in good faith by appropriate proceedings and for which the Borrower or such Subsidiary,
as applicable, shall have set aside on its books adequate reserves and except for taxes the nonpayment of which could not reasonably be expected to have a Material Adverse Effect. 
  
 SECTION 3.15. No Material Misstatements. None of (a) the Confidential Information Memorandum or (b) any
other information, report, financial statement, exhibit or schedule furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of any Loan Document or included therein or delivered pursuant
thereto contained, which, in the case of clauses (a) and (b), when taken as a whole and together with the representations and 

  

 53 

 
warranties contained in this Agreement, contains or will contain any material misstatement of fact or omitted, omits or will omit to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were, are or will be made, not misleading; provided, that to the extent any such information, report, financial statement, exhibit or schedule was
based upon or constitutes a forecast or projection, the Borrower represents only that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such information, report, financial statement, exhibit or schedule
and it is understood that actual results may differ from forecasts and projections. 
  
 SECTION 3.16. Employee Benefit Plans. With respect to any Plan, each of the Borrower and each of its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the
Code and the regulations and published interpretations thereunder. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, could reasonably be expected to result in a Material
Adverse Effect. Neither the Borrower nor any Subsidiary has (a) failed to comply with any requirement of applicable law relating to any employee pension benefit plan primarily for the benefit of employees of the Borrower or any Subsidiary
residing outside the United States that is not subject to ERISA or the Code or (b) incurred any other liability with respect to such plan (other than liabilities incurred in the ordinary course of business) , except for any such noncompliance
or incurrence which could not reasonably be expected to result in a Material Adverse Effect. 
  
 SECTION 3.17. Environmental Matters. Except with respect to any matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, none of the Borrower or
any of the Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any Environmental Permit, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim
with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability. 
  
 SECTION 3.18. Insurance. Schedule 3.18 sets forth a true, complete and correct description of all insurance maintained by the Borrower or by
the Borrower for its Subsidiaries as of the date hereof. As of each such date, such insurance is in full force and effect and all premiums have been duly paid if due. The Borrower and its Subsidiaries have insurance in such amounts and covering such
risks and liabilities as are, when considered in its entirety, in the good faith judgment of the Borrower prudent in the ordinary course of business of the Borrower and its Subsidiaries. 
  
 SECTION 3.19. Security Documents. (a) The Guarantee and Collateral Agreement, upon execution and delivery
thereof by the parties thereto, will create in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral (as defined in the Guarantee and Collateral
Agreement) and the proceeds thereof and (i) when the Pledged Collateral (as defined in the Guarantee and Collateral Agreement) is delivered to the Administrative Agent, the Guarantee and Collateral Agreement shall constitute a fully perfected
first priority Lien on, and security interest in, all right, title and interest of the Loan Parties in such Pledged Collateral, in each case prior and superior in right to any other person, and (ii) when financing statements in appropriate form
are filed in the offices specified on Schedule 3.19(a), the Lien created under the Guarantee and Collateral Agreement will constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in all such
Collateral as to which a security interest may be perfected by such a filing (other than Intellectual Property, as defined in the Guarantee and Collateral Agreement), in each case prior and superior in right to any other person, other than with
respect to Liens expressly permitted by Section 6.2. 
  
 (b)
Upon the recordation of the Guarantee and Collateral Agreement with the United States Patent and Trademark Office and the United States Copyright Office, together with the financing 

  

 54 

 
statements in appropriate form filed in the offices specified on Schedule 3.19(a), the Guarantee and Collateral Agreement shall constitute a fully perfected
Lien on, and security interest in, all right, title and interest of the Loan Parties in the Intellectual Property (as defined in the Guarantee and Collateral Agreement) in which a security interest may be perfected by filing in the United States and
its territories and possessions, in each case prior and superior in right to any other person (it being understood that subsequent recordings in the United States Patent and Trademark Office and the United States Copyright Office may be necessary to
perfect a Lien on registered Trademarks, trademark applications, Patents, patent applications and Copyrights acquired by the Loan Parties after the date hereof). 
  
 (c) The Mortgages are effective to create in favor of the Administrative Agent, for the ratable benefit of the Secured
Parties, a legal, valid and enforceable Lien on all of the Loan Parties’ right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when the Mortgages are recorded in the offices specified on
Schedule 3.19(c), the Mortgages shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Mortgaged Property and the proceeds thereof, in each case prior and superior in
right to any other person, other than with respect to the rights of persons pursuant to Liens expressly permitted by Section 6.2. 
  
 SECTION 3.20. Location of Real Property and Leased Premises. Schedule 3.20(a) lists completely and correctly as of the Closing Date all
domestic real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries, as the case may be, as of the Closing Date, own in fee all the real property set forth on Schedule 3.20(a). Schedule
3.20(b) lists completely and correctly as of the Closing Date all material domestic real property leased by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries, as the case may be, as of the Closing Date,
have valid leasehold interests in all the real property set forth on Schedule 3.20(b). 
  
 SECTION 3.21. Labor Matters. As of the date hereof, there are no strikes, lockouts or slowdowns against the Borrower or any Subsidiary pending or, to the knowledge of the Borrower, threatened. The consummation
of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which the Borrower or any Subsidiary is bound. Except to the extent any of the
following, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect, (a) the hours worked by and payments made to employees of the Borrower and the Subsidiaries have not been in violation in any
material respect of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such matters and (b) all payments due from the Borrower or any Subsidiary, or for which any claim may be made against the
Borrower or any Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the Borrower or such Subsidiary. 
  
 SECTION 3.22. Solvency. Immediately after the consummation of the
Transactions to occur on the Closing Date and immediately following the making of each Loan and after giving effect to the application of the proceeds of each Loan, (a) the fair value of the assets of the Loan Parties taken as a whole, at a
fair valuation, will exceed their debts and liabilities, subordinated, contingent or otherwise; (b) the present fair saleable value of the property of the Loan Parties taken as a whole will be greater than the amount that will be required to
pay the probable liability of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) the Loan Parties taken as a whole will be able to pay their debts and
liabilities, subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) the Loan Parties taken as a whole will not have unreasonably small capital with which to conduct the business in which they
are engaged as such business is now conducted and is proposed to be conducted following the Closing Date. 
  

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 SECTION 3.23. Certain Treasury Regulation Matters. The Borrower does not intend to treat the Loans
and related transactions as being a “reportable” transaction (within the meaning of Treasury Regulation 1.6011-4). The Borrower acknowledges that the Administrative Agent and one or more of the Lenders may treat its Loans as part of a
transaction that is subject to Treasury Regulation Section 301.6112-1 to the extent that the Borrower’s application of the proceeds of the Loans requires the same and the Administrative Agent and such Lender or Lenders, as applicable, may,
in connection therewith, maintain such lists and other records as they may determine is required by such Treasury Regulation. 
  
 SECTION 3.24. Foreign Assets Control Regulations, Etc. None of the requesting or borrowing of the Loans, the requesting or issuance, extension or
renewal of any Letters of Credit or the use of the proceeds of any thereof will violate the Trading With the Enemy Act (50 U.S.C. § 1 et seq., as amended) (the “Trading With the Enemy Act”) or any of the foreign assets control
regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) (the “Foreign Assets Control Regulations”) or any enabling legislation or executive order relating thereto (which for the avoidance of
doubt shall include, but shall not be limited to (a) Executive Order 13224 of September 21, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079
(2001)) (the “Executive Order”) and (b) the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56)). To the knowledge of
the Borrower, neither the Borrower nor any of its Subsidiaries (a) is a “blocked person” as described in the Executive Order, the Trading With the Enemy Act or the Foreign Assets Control Regulations or (b) engages
transactions with any such “blocked person” blocked by such order, law or regulation. 
  
 ARTICLE IV 
 Conditions of Effectiveness/Lending 
  
 The effectiveness of this Agreement and the obligations of the Lenders to
make Loans and of the Issuing Bank to issue Letters of Credit hereunder are subject to the satisfaction of the following conditions: 
  
 SECTION 4.1. All Credit Events. On the date of each Borrowing, including each Borrowing of a Swingline Loan and on the date of each issuance,
amendment, extension or renewal of a Letter of Credit (each such event being called a “Credit Event”): 
  
 (a) The Administrative Agent shall have received a notice of such Borrowing as required by Section 2.3 (or such notice shall have been deemed given
in accordance with Section 2.3) or, in the case of the issuance, amendment, extension or renewal of a Letter of Credit, the Issuing Bank and the Administrative Agent shall have received a notice requesting the issuance, amendment, extension or
renewal of such Letter of Credit as required by Section 2.22(b) or, in the case of the Borrowing of a Swingline Loan, the Swingline Lender and the Administrative Agent shall have received a notice requesting such Swingline Loan as required by
Section 2.21(b). 
  
 (b) The representations and warranties
set forth in Article III hereof and in each other Loan Document shall be true and correct in all material respects on and as of the date of such Credit Event with the same effect as though made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date, in which case they shall be true and correct in all material respects on and as of such earlier date. 
  
 (c) At the time of and immediately after such Credit Event, no Event of Default or Default shall have occurred and be
continuing. 
  

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 Each Credit Event shall be deemed to constitute a representation and warranty by the Borrower on the date
of such Credit Event as to the matters specified in paragraphs (b) and (c) of this Section 4.1. 
  
 SECTION 4.2. First Credit Event. On the Closing Date: 
  
 (a) The Administrative Agent shall have received, on behalf of itself, the Lenders and the Issuing Bank, a favorable written opinion of
(i) Willkie Farr & Gallagher LLP, counsel for the Loan Parties, in the form attached as Exhibit G, and (ii) each local counsel listed on Schedule 4.2(a) (except the opinion of De Brauw Blackstone Westbroek, which opinion shall be
delivered no later than October 12, 2005 (or such later date not beyond November 10, 2005 as the Administrative Agent may agree in its sole discretion)), in form and substance satisfactory to the Administrative Agent, in each case (A) dated the
Closing Date, (B) addressed to the Issuing Bank, the Administrative Agent, the Lenders and the other Secured Parties and (C) covering such other matters relating to the Loan Documents and the Transactions as the Administrative Agent or the
Syndication Agent shall reasonably request, and the Borrower hereby requests such counsel to deliver such opinions. 
  
 (b) All legal matters incident to this Agreement, the Borrowings and extensions of credit hereunder and the other Loan Documents shall be
reasonably satisfactory to the Lenders, the Issuing Bank and the Administrative Agent. 
  
 (c) The Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation, including all amendments
thereto, of each Loan Party, certified as of a recent date by the Secretary of State of the state of its organization, and a certificate as to the good standing of each Loan Party as of a recent date, from such Secretary of State; (ii) a
certificate of the Secretary or Assistant Secretary of each Loan Party dated the Closing Date and certifying (A) that attached thereto is a true and complete copy of the by-laws of such Loan Party as in effect on the Closing Date and at all
times since a date prior to the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the Board of Directors of such Loan Party authorizing the
execution, delivery and performance of the Loan Documents to which such person is a party and, in the case of the Borrower, the borrowings hereunder, and that such resolutions have not been modified, rescinded or amended and are in full force and
effect, (C) that the certificate or articles of incorporation of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above and
(D) as to the incumbency and specimen signature of each officer executing any Loan Document or any other document delivered in connection herewith on behalf of such Loan Party; (iii) a certificate of another officer as to the incumbency
and specimen signature of the Secretary or Assistant Secretary executing the certificate pursuant to clause (ii) above; and (iv) such other documents as the Lenders, the Issuing Bank or the Administrative Agent may reasonably request.

  
 (d) The Agents and Lenders shall have
received a certificate, dated the Closing Date and signed by a Financial Officer of the Borrower, confirming compliance with the conditions precedent set forth in paragraphs (b) and (c) of Section 4.1 and the Borrower shall be in full
compliance with the Commitment Letter. 
  
 (e)
UBS Loan Finance LLC, Banc of America Securities LLC and the Agents shall have received all Fees and other amounts due and payable on or prior to the Closing Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket
expenses required to be reimbursed or paid by the Borrower hereunder or under any other Loan Document (including, without limitation, direct payment to Latham & Watkins LLP, counsel to the Agents and the Arrangers, of its fees and expenses
payable hereunder and under the Commitment Letter, the Fee Letter and the Original Credit Agreement, to the extent invoiced). 
  

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 (f) The Loan Documents shall have been duly executed by each Loan Party that is to be a
party thereto and shall be in full force and effect on the Closing Date. The Administrative Agent on behalf of the Secured Parties shall have a security interest in the Collateral of the type and priority described in each Security Document, except
to the extent otherwise provided herein or in such Security Documents. 
  
 (g) The Administrative Agent shall have received a duly-completed and executed Perfection Certificate (in form and substance satisfactory to the Administrative Agent) with respect to the Loan Parties, and shall have
received the results of a search of the Uniform Commercial Code filings (or equivalent filings) made with respect to the Loan Parties in the states (or other jurisdictions) of formation of such persons, in which the chief executive office of each
such person is located and in the other jurisdictions in which such persons maintain property, in each case as indicated on such Perfection Certificate, together with copies of the financing statements (or similar documents) disclosed by such
search, and accompanied by evidence satisfactory to the Administrative Agent that the Liens indicated in any such financing statement (or similar document) would be permitted under Section 6.2 or have been or will be contemporaneously released
or terminated. 
  
 (h) (i) Amendments to each of
the Mortgages and assignments of each of the Mortgages by the Original Administrative Agent to the Administrative Agent, in form and substance satisfactory to the Administrative Agent, relating to each of the Mortgaged Properties shall have been
duly executed by the parties thereto and delivered to the Administrative Agent and shall be in full force and effect, (ii) each of such Mortgaged Properties shall not be subject to any Lien other than those permitted under Section 6.2,
(iii) each of such amendments and assignments relating to the Mortgages shall have been delivered to a nationally recognized title insurance company in reasonable form for recording in the recording office as specified on Schedule 3.19(c) and
(iv) the Administrative Agent and the nationally recognized title insurance company issuing the title date-down endorsements described in Section 5.9 shall have received an as-built survey of the sites of the Mortgaged Properties, dated a
date satisfactory to the Administrative Agent and such insurance company by an independent professional licensed land surveyor satisfactory to the Administrative Agent and such insurance company (it being understood that delivery of the as-built
surveys delivered in connection with the Original Credit Agreement, together with the title company’s omission of a survey exception from the Administrative Agent’s date-down title endorsements, shall satisfy the requirements of this
clause (iv)). 
  
 (i) The Administrative Agent
shall have received a copy of, or a certificate as to coverage under, the insurance policies required by Section 5.2 and the applicable provisions of the Security Documents, each of which shall be endorsed or otherwise amended to include a
customary lender’s loss payable endorsement and to name the Secured Parties as additional insureds, in form and substance satisfactory to the Administrative Agent. 
  
 (j) [Intentionally Omitted]. 
  
 (k) The Lenders shall have received the financial statements and opinion referred to in Section 3.5 and
the unaudited consolidated balance sheets and related statements of operations, stockholders’ equity and cash flows of the Borrower and its consolidated subsidiaries as of the fiscal months ending July 31, 2005 and August 31, 2005.

  
 (l) All requisite Governmental Authorities
shall have approved or consented to the Transactions and the other transactions contemplated hereby to the extent required, all applicable 

  

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appeal periods shall have expired and there shall not be any pending or threatened litigation, governmental, administrative or judicial action that could
reasonably be expected to prevent or impose materially burdensome conditions on the Transactions or the other transactions contemplated hereby. All requisite third-party consents necessary for the consummation of the Transactions shall have been
obtained except for those third-party consents where the failure to so obtain such consents would not have a Material Adverse Effect. 
  
 (m) The Lenders shall have received a certificate of the chief financial officer of the Borrower certifying that the pro forma Leverage
Ratio as at August 31, 2005 for the 12-month period then ending is not greater than 3.75 to 1.00 and containing all information and calculations necessary for determining such ratio. 
  
 (n) The Administrative Agent shall have received a solvency
certificate from the chief financial officer of the Borrower documenting the solvency of the Borrower and its Subsidiaries after giving effect to the Transactions, in form and substance reasonably satisfactory to the Administrative Agent.

  
 ARTICLE V 
 Affirmative Covenants 
  
 The Borrower covenants and agrees with each Lender that so long as this Agreement shall remain in effect and until the Commitments have been terminated
and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document shall have been paid in full and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder
have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, the Borrower will, and will cause each of the Subsidiaries to: 
  
 SECTION 5.1. Existence; Businesses and Properties. (a) Do or cause to be done all things necessary to preserve, renew and keep in full force
and effect its legal existence, except as otherwise expressly permitted under Section 6.5. 
  
 (b) Do or cause to be done all things necessary to obtain, preserve, renew, extend and keep in full force and effect all rights, licenses, permits,
franchises, authorizations, Patents, Copyrights, Trademarks and trade names used in or relating to the conduct of its business, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; maintain and
operate such business in substantially the manner in which it is presently conducted and operated, including any reasonable extension, development or expansion thereof; comply with all applicable laws, rules, regulations and decrees and orders of
any Governmental Authority, whether now in effect or hereafter enacted, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and at all times maintain and preserve all property material to the conduct
of such business and keep such property in good repair, working order and condition and from time to time make, or cause to be made, all needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in order that
the business carried on in connection therewith may be properly conducted at all times, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 
  
 SECTION 5.2. Insurance. (a) Keep its insurable properties
adequately insured at all times by financially sound and reputable insurers; maintain such other insurance, to such extent and against such risks, including fire and other risks insured against by extended coverage, as is customary with companies in
the same or similar businesses operating in the same or similar locations, including public liability insurance against claims for personal injury or death or property damage occurring upon, in, 

  

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about or in connection with the use of any properties owned, occupied or controlled by it; and maintain such other insurance as may be required by law.

  
 (b) Cause all such policies covering any Collateral to be
endorsed or otherwise amended to include a customary lender’s loss payable endorsement, in form and substance satisfactory to the Administrative Agent, which endorsement shall provide that, from and after the Closing Date, if the insurance
carrier shall have received written notice from the Administrative Agent of the occurrence of an Event of Default, the insurance carrier shall pay all proceeds otherwise payable to the Borrower or the Loan Parties under such policies directly to the
Administrative Agent; cause all such policies to provide that neither the Borrower, the Administrative Agent nor any other party shall be a coinsurer thereunder and to contain a “Replacement Cost Endorsement”, without any deduction for
depreciation, and such other provisions as the Administrative Agent may reasonably require from time to time to protect their interests; deliver insurance certificates evidencing all such policies to the Administrative Agent; upon the occurrence of
an Event of Default, deliver original or certified copies of all such policies to the Administrative Agent upon its request; cause each such policy to provide that it shall not be canceled, modified or not renewed (i) by reason of nonpayment of
premium upon not less than 10 days’ prior written notice thereof by the insurer to the Administrative Agent (giving the Administrative Agent the right to cure defaults in the payment of premiums) or (ii) for any other reason upon not less
than 30 days’ prior written notice thereof by the insurer to the Administrative Agent, deliver to the Administrative Agent, prior to the cancellation, modification or nonrenewal of any such policy of insurance, evidence of a renewal or
replacement policy (or other evidence of renewal of a policy previously delivered to the Administrative Agent) together with evidence satisfactory to the Administrative Agent of payment of the premium therefor. 
  
 (c) If at any time the area in which any of the Premises (as defined in the
Mortgages) are located is designated (i) a “flood hazard area” in any Flood Insurance Rate Map published by the Federal Emergency Management Agency (or any successor agency), obtain flood insurance in an amount not less than the
outstanding principal amount of the indebtedness secured by any Mortgage for Premises located in a “flood hazard area” and that is otherwise, if applicable, the minimum coverage necessary to comply with the National Flood Insurance Program
as set forth in the Flood Disaster Protection Act of 1973, as it may be amended from time to time, or (ii) a “Zone 1” area, obtain earthquake insurance in such total amount as is prudent in the good faith judgment of the Borrower, but
in any event in an amount not less than the outstanding principal amount of the indebtedness secured by any Mortgage for Premises located in a “Zone 1” area. 
  
 (d) With respect to any Mortgaged Property, carry and maintain comprehensive general liability insurance including a
“broad form” commercial general liability endorsement and coverage on an occurrence basis against claims made for personal injury (including bodily injury, death and property damage) and umbrella liability insurance against any and all
claims, in no event for a combined single limit of less than $15,000,000, naming the Administrative Agent as an additional insured, on forms satisfactory to the Administrative Agent. 
  
 (e) Notify the Administrative Agent immediately whenever any separate insurance concurrent in form or contributing in the
event of loss with that required to be maintained under this Section 5.2 is taken out by the Borrower; and promptly deliver to the Administrative Agent a duplicate original copy of such policy or policies. 
  
 (f) In the event there occurs any material loss, damage to or destruction of
any tangible property or assets of any Loan Party or any part thereof, cause such Loan Party to promptly give written notice thereof to the Administrative Agent generally describing the nature and extent of such loss, damage or destruction.
Subsequent to any loss, damage to or destruction of the tangible property or assets of any 

  

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Loan Party or any part thereof, Borrower shall, or shall cause such other Loan Party to, whether or not the insurance proceeds, if any, received on account
of such damage or destruction shall be sufficient for that purpose, at such Loan Party’s cost and expense, promptly repair or replace such property or assets so lost, damaged or destroyed or purchase other productive assets used or useful in
the business of the Borrower or its Subsidiaries; provided, however, that such Loan Party need not repair or replace such property or assets so lost, damaged or destroyed to the extent the failure to make such repair or replacement is
not necessary in the good faith judgment of the Borrower for the proper conduct of the business of such Loan Party in the ordinary course. 
  
 (g) Authorize the Administrative Agent, as the attorney-in-fact of each of the Loan Parties and for the benefit of the Lenders, upon the occurrence and
during the continuance of an Event of Default, without the consent of the applicable Loan Party, (i) to adjust and compromise proceeds payable under such insurance policies, (ii) to collect, receive and give receipts for such insurance
proceeds in the name of such Loan Party, the Administrative Agent and the Lenders and (iii) to endorse such Loan Party’s name upon any instrument in payment thereof 
  
 (h) In the event a Loan Party shall receive any insurance proceeds as a result of any loss, damage or destruction, or
condemnation proceeds, in each case in a net amount in excess of $2,000,000, the Borrower shall, or shall cause such other Loan Party to, promptly pay over such proceeds to the Administrative Agent as cash collateral for the Obligations. The
Administrative Agent agrees to release such proceeds to such Loan Party for replacement or restoration of the portion of the property or assets of such Loan Party lost, damaged or destroyed or condemned for the purchase of other assets used or
useful in the business of the Borrower or its Subsidiaries if (A) within one year (or if binding contracts for the repair, replacement or purchase have been entered into within such period, within the term of such contracts) from the date of
such loss, damage, destruction or condemnation, the Administrative Agent has received written application for such release from such Loan Party together with evidence reasonably satisfactory to it that the Borrower will use such proceeds to purchase
productive assets used or useful in the business of the Borrower or its Subsidiaries and (B) on the date of such release no Default or Event of Default exists. If the conditions in the preceding sentence are not met, the Administrative Agent
shall, on the first Business Day subsequent to the date one year (or such later date) after the date of such loss, damage, destruction or condemnation, apply such proceeds as a mandatory prepayment of the Loans in accordance with the terms of
Section 2.13(b). All insurance and condemnation proceeds received by a Loan Party shall be subject to the security interest of the Administrative Agent under the Loan Documents. 
  
 SECTION 5.3. Taxes. Pay all taxes, assessments and governmental charges or levies imposed upon it or upon its income
or profits or in respect of its property, before the same shall become delinquent or in default; provided, however, that such payment and discharge shall not be required with respect to any such tax, assessment, charge or levy so long
as (a) the validity or amount thereof shall be contested in good faith by appropriate proceedings and the Borrower shall have set aside on its books adequate reserves with respect thereto in accordance with GAAP and such contest operates to
suspend collection of the contested obligation, tax, assessment or charge and enforcement of a Lien and, in the case of a Mortgaged Property, there is no risk of forfeiture of such property or (b) the nonpayment thereof could not reasonably be
expected to result in a Material Adverse Effect. 
  
 SECTION 5.4.
Financial Statements, Reports, etc. In the case of the Borrower, furnish to the Administrative Agent (either physically or through electronic delivery reasonably acceptable to the Administrative Agent), which shall furnish to each Lender:

  
 (a) within 90 days after the end of each
fiscal year, its consolidated balance sheet and related statements of income, stockholders’ equity and cash flows showing the financial 

  

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condition of the Borrower and its consolidated Subsidiaries as of the close of such fiscal year and the results of its operations and the operations of such
Subsidiaries during such year, together with comparative figures for the immediately preceding fiscal year, all audited by Ernst & Young LLP or other independent public accountants of recognized national standing and accompanied by an
opinion of such accountants (which shall not be qualified in any material respect) to the effect that such consolidated financial statements fairly present the financial condition and results of operations of the Borrower and its consolidated
Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; 
  
 (b) within 45 days after the end of each of the first three fiscal quarters of each fiscal year, its consolidated balance sheet and
related statements of income, stockholders’ equity and cash flows showing the financial condition of the Borrower and its consolidated Subsidiaries as of the close of such fiscal quarter and the results of its operations and the operations of
such Subsidiaries during such fiscal quarter and the then elapsed portion of the fiscal year, and comparative figures for the same periods in the immediately preceding fiscal year, all certified by one of its Financial Officers as fairly presenting
the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments; 
  
 (c) concurrently with any delivery of financial statements
under paragraph (a) or (b) above, a certificate of the accounting firm (in the case of paragraph (a)) or Financial Officer (in the case of paragraph (b)) opining on or certifying such statements (which certificate, when furnished by an
accounting firm, may be limited to accounting matters and disclaim responsibility for legal interpretations and which may be provided by a Financial Officer if accounting firms generally are not providing such certificates) (i) certifying that
no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any corrective action taken or proposed to be taken with respect thereto and (ii) setting forth
computations in reasonable detail satisfactory to the Administrative Agent demonstrating compliance with the covenants contained in Sections 6.6, 6.10, 6.11 and 6.12 and, in the case of a certificate delivered with the financial statements required
by paragraph (a) above, (x) setting forth the Borrower’s calculation of Excess Cash Flow and (y) certifying that there has been no change in the business activities, assets or liabilities of the Borrower, or if there has been any
such change, describing such change in reasonable detail and certifying that the Borrower is in compliance with Section 6.8; 
  
 (d) within 45 days after the commencement of each fiscal year of the Borrower, a detailed consolidated budget for such fiscal year
(including a projected consolidated balance sheet and related statements of projected operations and cash flows as of the end of and for such fiscal year); 
  
 (e) promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials
filed by the Borrower or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of the functions of the SEC, or with any national securities exchange, or distributed to its shareholders, as the case may be; 

 
 (f) promptly after the receipt thereof by the Borrower or
any Subsidiary, a copy of any “management letter” received by any such person from its certified public accountants and the management’s response thereto; and 
  
 (g) promptly, from time to time, such other information regarding the operations, business affairs and
financial condition of the Borrower or any Subsidiary, or compliance with 

  

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the terms of any Loan Document, as the Administrative Agent or any Lender may reasonably request. 
  
 Documents required to be delivered pursuant to Section 5.4(a), (b) or (e) (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 Borrower’s website address; or (ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency or another relevant 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). 
  

SECTION 5.5. Litigation and Other Notices. Furnish to the Administrative Agent, the Issuing Bank and each Lender prompt (and, in any event,
within 3 Business Days) written notice of the following: 
  
 (a) any Event of Default or Default, specifying the nature and extent thereof and the corrective action (if any) taken or proposed to be taken with respect thereto; 
  
 (b) the filing or commencement of, or any threat or notice
of intention of any person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority, against the Borrower or any Affiliate thereof that could reasonably be expected to result in a
Material Adverse Effect; 
  
 (c) the occurrence
of any ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably be expected to result in liability of the Borrower and its ERISA Affiliates in an aggregate amount exceeding $2,500,000 or result in a
Material Adverse Effect; and 
  
 (d) any
development that has resulted in, or could reasonably be expected to result in, a Material Adverse Effect. 
  
 SECTION 5.6. Information Regarding Collateral. (a) Furnish to the Administrative Agent prompt written notice of any change in (i) any
Loan Party’s legal name, (ii) the jurisdiction of organization or formation of any Loan Party, (iii) any Loan Party’s identity or corporate structure or (iv) any Loan Party’s Federal Taxpayer Identification Number. The
Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Administrative Agent to continue at all
times following such change to have a valid, legal and perfected security interest in all the Collateral. The Borrower also agrees promptly to notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed.

  
 (b) In the case of the Borrower, each year, at the time of
delivery of the annual financial statements with respect to the preceding fiscal year pursuant to Section 5.4(a), deliver to the Administrative Agent a certificate of a Financial Officer setting forth the information required pursuant to
Sections 1 and 2 of the Perfection Certificate or confirming that there has been no change in such information since the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.6. 
  
 SECTION 5.7. Maintaining Records; Access to Properties and
Inspections. Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Requirements of Law are made of all dealings and transactions in relation to its business and activities. 

  

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Each Loan Party will, and will cause each of its subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender to visit
and inspect the financial records and the properties of the Borrower or any Subsidiary at reasonable times and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any representatives designated
by the Administrative Agent or any Lender to discuss the affairs, finances and condition of the Borrower or any Subsidiary with the officers thereof and independent accountants therefor. Except following the occurrence and during the continuance of
any Default, the Borrower shall be entitled to have a representative present at all such discussions and to obtain a copy of all written requests for information relating to any Loan Party made by the Administrative Agent or any Lender to any third
party. Within 120 days after the close of each fiscal year of the Borrower, at the request of the Administrative Agent or the Required Lenders, the Borrower will hold a meeting (at a mutually agreeable location and time or, at the option of the
Administrative Agent, by conference call) with all lenders who choose to attend such meeting at which meeting shall be reviewed the financial results of the previous fiscal year and the financial condition of the Borrower and its Subsidiaries for
the current fiscal year of the Borrower. 
  
 SECTION 5.8. Use
of Proceeds. Use the proceeds of (a) the Term Loans (other than the Incremental Term Loans) to (i) repay Indebtedness and other obligations outstanding under the Original Credit Agreement and (ii) pay transaction costs incurred in
connection with the Transactions, (b) the Revolving Loans to repay not more than $89,800,000 of Indebtedness and other obligations outstanding under the Original Credit Agreement, (c) the Revolving Loans (to the extent not used pursuant to
clause (b) above) and Swingline Loans for working capital and general corporate purposes after the Closing Date, (d) the Letters of Credit for general corporate purposes and (e) Incremental Term Loans for general corporate purposes
(including Permitted Acquisitions). 
  
 SECTION 5.9. Further
Assurances. Execute any and all further documents, financing statements, agreements and instruments, and take all further action (including (i) filing or recording, as applicable, Uniform Commercial Code and other financing statements and
Mortgages, (ii) delivering duly executed deposit account control agreements as contemplated by, and within the time period referred to in, the Guarantee and Collateral Agreement and (iii) if all or substantially all of the Equity Interests
of the Borrower are held or acquired by a holding company whose sole or primary purpose is holding such Equity Interests, causing such holding company to guarantee the Obligations, to pledge its Equity Interests in the Borrower pursuant to the
Guarantee and Collateral Agreement and to become subject to the representations, warranties, covenants and other agreements of the Loan Parties hereunder, mutatis mutandis) that may be required under applicable law, or that the Required
Lenders or the Administrative Agent may reasonably request, in order to effectuate the transactions contemplated by the Loan Documents and in order to grant, preserve, protect and perfect the validity and first priority (subject to Liens permitted
under Section 6.2) of the security interests created or intended to be created by the Security Documents. Unless a Release of Collateral Event has occurred and is continuing and the Borrower has exercised its rights under Section 9.18, the
Borrower will cause any subsequently acquired or organized Domestic Subsidiary to become a Loan Party by executing the Guarantee and Collateral Agreement and each other applicable Security Document in favor of the Administrative Agent.
Notwithstanding anything to the contrary in the foregoing sentence, despite the occurrence and continuance of a Release of Collateral Event, the Borrower will cause the Equity Interests of (v) any subsequently acquired or organized Domestic
Subsidiary, and (w) if the Equity Interests of the Borrower are held or acquired by any holding company whose sole or primary purpose is holding such Equity Interests, the Borrower, in each case, to be pledged to the Administrative Agent
pursuant to the Guarantee and Collateral Agreement. In addition, subject to the last sentence of this Section 5.9, from time to time, the Borrower will, at its cost and expense, promptly secure the Obligations by pledging or creating, or
causing to be pledged or created, perfected security interests with respect to such of its assets and properties as the Administrative Agent or the Required Lenders shall designate (it being understood that it is the intent of the parties that the
Obligations shall be secured by substantially all the assets of the 

  

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Borrower and its Subsidiaries including real and other properties acquired subsequent to the Closing Date (but excluding real property with a value of less
than $1,000,000, leasehold real property not used for manufacturing, the leased manufacturing facility located in Muskegon, Michigan, other immaterial leasehold property, and other Excluded Property (as defined in the Guarantee and Collateral
Agreement))). Such security interests and Liens will be created under the Security Documents and other security agreements, mortgages, deeds of trust and other instruments and documents in form and substance satisfactory to the Administrative Agent,
and the Borrower shall deliver or cause to be delivered to the Lenders all such instruments and documents (including legal opinions, title insurance policies and lien searches) as the Administrative Agent shall reasonably request to evidence
compliance with this Section 5.9. The Borrower agrees to provide such evidence as the Administrative Agent shall reasonably request as to the perfection and priority status of each such security interest and Lien. In furtherance of the
foregoing, the Borrower will give prompt notice to the Administrative Agent of the acquisition by it or any of the Domestic Subsidiaries of any real property (or any interest in real property) having a value in excess of $1,000,000. The actions
required under this Section 5.9 shall be taken within 30 days (or such later time as may be acceptable to the Administrative Agent) after the event giving rise to the requirement to take such action. Notwithstanding the foregoing, (x) the
Administrative Agent in its discretion may determine not to take a security interest in those assets as to which the Administrative Agent shall determine, in its reasonable discretion, that the cost of obtaining such Lien (including any mortgage,
stamp, intangibles or other tax) are excessive in relation to the benefit to the Lenders of the security afforded thereby and (y) Liens required to be granted pursuant to this Section 5.9 shall be subject to exceptions and limitations
consistent with those set forth in the Security Documents as in effect on the Closing Date (to the extent appropriate in the applicable jurisdiction). With respect to the Mortgages covering the Mortgaged Properties described on Schedule 1.1(b), on
or prior to October 24, 2005 (or such later date not beyond November 17, 2005 as the Administrative Agent may agree, such agreement not to be unreasonably withheld if the Borrower is acting in good faith), the Borrower shall deliver to the
Administrative Agent (x) a date-down endorsement to the Original Administrative Agent’s title policies with respect to the Mortgaged Properties, or a final marked version of same, in form and substance acceptable to the Administrative
Agent, insuring such Mortgage (as amended and assigned) as a first lien on such Mortgaged Property (subject to any Lien permitted by Section 6.2) and (y) such other documents that the title company may reasonably require to issue the
endorsements described in clause (x). 
  
 SECTION 5.10. Certain
Treasury Regulation Matters. In the event the Borrower determines to take any action inconsistent with its intention as set forth in the first sentence of Section 3.23, it will promptly notify the Administrative Agent thereof. 

 
 SECTION 5.11. Hedging Agreements. In the case of the Borrower,
within 90 days after the Closing Date, enter into, and thereafter maintain, Hedging Agreements with one or more Lenders (or Affiliates thereof) to the extent necessary to provide that at least 50% of the aggregate principal amount of Funded Debt of
the Borrower outstanding on the Closing Date is subject to either a fixed interest rate or interest rate protection for a period of not less than two years from the Closing Date, which Hedging Agreements shall have terms and conditions reasonably
satisfactory to the Administrative Agent. 
  
 SECTION 5.12.
Environmental Laws. Except, in each case, as would not, individually or in the aggregate, have a Material Adverse Effect: 
  
 (a) Comply in all material respects with, and use reasonable efforts to ensure compliance in all material respects by all contractors, tenants and
subtenants, if any, with, all applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and use reasonable efforts to ensure that all contractors, tenants and subtenants obtain and comply in all material
respects with and maintain, any and all Environmental Permits required of them by any applicable Environmental Laws. For purposes of this Section 5.12(a), noncompliance with the foregoing shall be deemed not to constitute 

  

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a breach of this covenant, provided, that upon learning of any actual or suspected noncompliance, Borrower shall promptly undertake reasonable efforts
to achieve compliance. 
  
 (b) Conduct and complete in all
material respects all investigations, studies, sampling and testing, and all remedial, removal and other actions required to be undertaken by any Group Member under Environmental Laws and promptly comply with all orders and directives applicable to
any Group Member of all Governmental Authorities regarding Environmental Laws; provided, however, that this covenant shall be deemed not violated if the relevant Group Member promptly challenges in good faith any such order or
directive in a manner consistent with all applicable Environmental Laws and other Requirements of Law and pursues such challenge or challenges diligently. 
  
 (c) Generate, use, treat, store, release, dispose of, and otherwise manage Hazardous Materials in a manner that would not reasonably be expected to result
in a material Environmental Liability to any Group Member or to materially affect any real property owned or leased by any of them; and take reasonable efforts to prevent any other person from generating, using, treating, storing, releasing,
disposing of, or otherwise managing Hazardous Materials in a manner that could reasonably be expected to result in a material Environmental Liability to, or materially affect any real property owned or operated by, any Group Member. For purposes of
this Section 5.12(c), noncompliance with the foregoing shall be deemed not to constitute a breach of this covenant, provided, that, upon learning of any actual or suspected noncompliance, the Borrower shall promptly undertake reasonable
efforts to remove such Hazardous Materials, if required by applicable Environmental Law, or otherwise remediate them in a manner consistent with applicable Environmental Law. 
  
 (d) Maintain, update as appropriate, and implement in all material respects an ongoing program reasonably designed to ensure
that all the properties and operations of the Group Members are regularly and reasonably reviewed by competent professionals to identify and promote compliance with, and to reasonably and prudently manage any Environmental Liabilities or potential
Environmental Liabilities, under any Environmental Law that may affect any Group Member, including, without limitation, compliance and liabilities relating to: discharges to air and water; acquisition, transportation, storage and use of hazardous
materials; waste disposal; repair, maintenance and improvement of properties; employee health and safety; species protection; and recordkeeping. 
  
 (e) If required by applicable law or prudent in the reasonable judgment of the Borrower, promptly take all commercially reasonable actions necessary to
cure any material Environmental Liability, including the performance of any remediation as may be necessary. 
  
 (f) Deliver written notice to the Administrative Agent as soon as practicable following receipt of all environmental audits, investigations, analyses and
reports of any kind or character, and all written communications, with respect to any Environmental Liability that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, and, upon the request of the
Administrative Agent, promptly deliver copies to the Administrative Agent of such environmental audits, investigations, analyses, reports and written communications. 
  
 ARTICLE VI 
 Negative Covenants 
  
 The Borrower covenants and
agrees with each Lender that, so long as this Agreement shall remain in effect and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document
have been paid in full and all Letters of Credit have been cancelled or have expired and all amounts drawn thereunder 

  

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have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, the Borrower will not, nor will they cause or permit any of the
Subsidiaries to: 
  
 SECTION 6.1. Indebtedness. Incur,
create, assume or permit to exist any Indebtedness, except: 
  
 (a) Indebtedness existing on the Original Closing Date and set forth in Schedule 6.1, including in the case of lines of credit the maximum amount of Indebtedness permitted to be incurred thereunder; 
  
 (b) Indebtedness created hereunder and under the other Loan
Documents; 
  
 (c) intercompany Indebtedness of
the Borrower and the Subsidiaries to the extent permitted by Section 6.4(c); 
  
 (d) Indebtedness of the Borrower or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or
capital assets; provided, that (i) such Indebtedness is incurred prior to or within 120 days after such acquisition or the completion of such construction or improvement and (ii) the aggregate principal amount of Indebtedness
permitted by this Section 6.1(d), when combined with the aggregate principal amount of all Capital Lease Obligations and Synthetic Lease Obligations incurred pursuant to Section 6.1(e), shall not exceed $30,000,000 at any time outstanding;

  
 (e) Purchase money Indebtedness (including
Capital Lease Obligations) and Synthetic Lease Obligations in an aggregate principal amount, when combined with the aggregate principal amount of all Indebtedness incurred pursuant to Section 6.1(d), not in excess of $30,000,000 at any time
outstanding; 
  
 (f) Indebtedness under
completion guarantees, appeal bonds, performance or surety bonds or with respect to workers’ compensation claims, in each case incurred in the ordinary course of business; 
  
 (g) Indebtedness issued, acquired or assumed by the Borrower or any Subsidiary in connection with any
Permitted Acquisition in an aggregate principal amount not in excess of $20,000,000 at any time outstanding; 
  
 (h) unsecured subordinated Indebtedness (which may be guaranteed by any Loan Party on a subordinated basis); provided, that such
Indebtedness (i) matures after the six-month anniversary of the Term Loan Maturity Date, (ii) requires no scheduled payment of principal prior to its maturity, (iii) is subordinated to the Obligations on terms and conditions customary
in the market for such Indebtedness at the time such Indebtedness is incurred and (iv) does not require the issuer thereof or any other obligor thereon to maintain any specified financial condition or performance (other than as a condition to
the taking of certain actions); 
  
 (i)
Indebtedness under or in respect of Hedging Agreements that are not speculative in nature; 
  
 (j) Indebtedness incurred to extend, renew or refinance any Indebtedness described in Section 6.1(a), (d), (g) or
(h) (“Refinancing Indebtedness”); provided, that (i) such Refinancing Indebtedness is in an aggregate principal amount not greater than the aggregate principal amount of the Indebtedness being extended, renewed or
refinanced, plus the amount of any interest, 

  

 67 

 
premiums or penalties required to be paid thereon plus fees and expenses associated therewith, (ii) such Refinancing Indebtedness has a later or equal
final maturity and a longer or equal weighted average life to maturity than the Indebtedness being extended, renewed or refinanced, (iii) if the Indebtedness being extended, renewed or refinanced is subordinated to the Obligations, the
Refinancing Indebtedness is subordinated to the Obligations on terms no less favorable to the Lenders than the Indebtedness being extended, renewed or refinanced, (iv) only the obligors in respect of the Indebtedness being extended, renewed or
refinanced may become obligated with respect to such Refinancing Indebtedness, (v) the security interest(s) granted in connection with such Refinancing Indebtedness, if any, shall not cover more collateral, in any material respect, than the
security interest(s), if any, granted in connection with the Indebtedness being refinanced and (vi) the non-economic covenants, events of default, remedies and other provisions of the Refinancing Indebtedness, when taken as a whole, shall be
materially no less favorable to the Lenders than those contained in the Indebtedness being extended, renewed or refinanced; 
  
 (k) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently
drawn against insufficient funds in the ordinary course of business, so long as such Indebtedness is extinguished within three Business Days of the incurrence thereof; 
  
 (l) Indebtedness of Foreign Subsidiaries to the Loan Parties not to exceed $50,000,000 in the aggregate at
any one time; 
  
 (m) Cash Management Obligations
and other Indebtedness in respect of netting services, overdraft protections and similar arrangements in each case in connection with deposit accounts; 
  
 (n) Indebtedness consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations contained in supply
arrangements, in each case, in the ordinary course of business; 
  
 (o) to the extent not included in Section 6.1(l), additional Indebtedness of Foreign Subsidiaries not to exceed $35,000,000 in the aggregate at any one time outstanding; 
  
 (p) other unsecured Indebtedness of the Borrower or the
Domestic Subsidiaries in an aggregate principal amount not exceeding $50,000,000 at any time outstanding; and 
  
 (q) Indebtedness incurred by the Borrower or any Subsidiary constituting reimbursement obligations with respect to letters of credit
issued in the ordinary course of business, including without limitation letters of credit in respect of workers compensation claims, health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or
other Indebtedness with respect to reimbursement-type obligations regarding workers compensation claims; provided, that (i) upon the drawing of such letters of credit or the incurrence of such Indebtedness, such obligations are
reimbursed within 30 days following such drawing or incurrence and (ii) such letters of credit are not provided to secure the repayment of other Indebtedness of the Borrower or any Subsidiary. 
  
 SECTION 6.2. Liens. Create, incur, assume or permit to exist any Lien
on any property or assets (including Equity Interests or other securities of any person, including any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights in respect of any thereof, except: 
  
 (a) Liens on property or assets of the Borrower and its
Subsidiaries existing on the Original Closing Date and set forth in Schedule 6.2; provided, that such Liens shall secure only those obligations which they secure on the Original Closing Date and any extensions, renewals and replacements
thereof permitted hereunder; 
  

 68 

 (b) any Lien created under the Loan Documents; 
  
 (c) any Lien existing on any property or asset prior to the
acquisition thereof by the Borrower or any Subsidiary; provided, that (i) such Lien is not created in contemplation of or in connection with such acquisition, (ii) such Lien does not apply to any other property or assets of the
Borrower or any Subsidiary and (iii) such Lien does not materially interfere with the use, occupancy and operation of any Mortgaged Property; 
  
 (d) Liens for taxes not yet due or which are being contested in compliance with Section 5.3; 
  
 (e) carriers’, landlords’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business and securing obligations that are not due and payable or which are being contested in compliance with Section 5.3 or for which
appropriate reserves have been established; 
  
 (f) pledges and deposits made in the ordinary course of business in compliance with workmen’s compensation, unemployment insurance and other social security laws or regulations; 
  
 (g) deposits to secure the performance of bids, trade
contracts (other than for Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

 
 (h) zoning restrictions, easements, rights-of-way,
restrictions on use of real property and other similar encumbrances incurred in the ordinary course of business which, in the aggregate, do not materially detract from the value of the property subject thereto or interfere with the ordinary conduct
of the business of the Borrower or any of its Subsidiaries as currently operated; 
  
 (i) purchase money security interests in real property, improvements thereto or equipment hereafter acquired (or, in the case of
improvements, constructed) by the Borrower or any Subsidiary; provided, that (i) such security interests secure Indebtedness permitted by Section 6.1(d) or (e), (ii) such security interests are incurred, and the Indebtedness
secured thereby is created, within 120 days after such acquisition (or construction), and (iii) such security interests do not apply to any other property or assets of the Borrower or any Subsidiary (it being agreed that transactions with the
same vendor or any Affiliate of such vendor may be cross-collateralized); 
  
 (j) Liens arising out of judgments or awards in respect of which the Borrower or any of the Subsidiaries shall in good faith be prosecuting an appeal or proceedings for review in respect of which there shall be
secured a subsisting stay of execution pending such appeal or proceedings; provided, that the aggregate amount of all such judgments or awards (and any cash and the fair market value of any property subject to such Liens) does not exceed
$10,000,000 at any time outstanding; 
  

 69 

 (k) licenses, leases or subleases granted by the Borrower or any Subsidiary to third
persons in the ordinary course of business not interfering in any material respect with the business of the Borrower or any Subsidiary; 
  
 (l) Liens in favor of customs or revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
importation of goods; 
  
 (m) (i) Liens on the
assets of a Foreign Subsidiary that is not a Guarantor securing Indebtedness permitted to be incurred by such Foreign Subsidiary pursuant to Section 6.1(l) and (ii) other Liens on the assets of a Foreign Subsidiary that is not a Guarantor
securing Indebtedness by such Foreign Subsidiary not, in the case of this clause (ii), in excess of $1,000,000; 
  
 (n) any interest of a lessor under Liens arising from precautionary UCC financing statement filings regarding leases entered into by the
Borrower or any of its Subsidiaries in the ordinary course of business; 
  
 (o) Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by the Borrower or any of its Subsidiaries in the ordinary course of business;

  
 (p) Liens that are contractual or statutory
setoff rights arising in the ordinary course of business with financial institutions, relating to pooled deposit accounts or sweep accounts of the Borrower and its Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in
the ordinary course of business or relating to purchase orders or other agreements entered into with customers of the Borrower or any of its Subsidiaries in the ordinary course of business; 
  
 (q) Liens solely on any cash earnest money deposits by the
Borrower or any of its Subsidiaries in connection with any letter of intent or purchase agreement permitted under this Agreement; 
  
 (r) other Liens on the assets of the Borrower or any Domestic Subsidiary that do not, individually or in the aggregate, secure obligations
(or encumber property with a fair market value) in excess of $10,000,000 at any one time; 
  
 (s) all Liens set forth in the survey and title policies delivered to the Administrative Agent pursuant to Section 4.2; 

 
 (t) any interest or title of a licensor, lessor or
sublessor under any license or lease agreement pursuant to which rights are granted to the Borrower or any Subsidiary; 
  
 (u) Liens deemed to exist in connection with investments in repurchase agreements permitted under this Agreement; and 
  
 (v) Liens on any assets which are the subject of any GSA
Transaction. 
  
 SECTION 6.3. Sale and Lease-Back
Transactions. Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or
lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.5 and (b) any
Capital 

  

 70 

 
Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.1 and 6.2, as applicable. 
  
 SECTION 6.4. Investments, Loans and Advances. Purchase, hold or
acquire any Equity Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other person, except: 
  
 (a) (i) investments by the Borrower and the Subsidiaries
existing on the Original Closing Date in the Equity Interests of the Subsidiaries and (ii) additional investments after the Original Closing Date by the Borrower and the Subsidiaries in the Equity Interests of the Subsidiaries; provided,
that (A) any such Equity Interests held by a Loan Party shall be pledged pursuant to the Guarantee and Collateral Agreement (subject to the limitations applicable to voting stock of a Foreign Subsidiary referred to therein), (B) any Loan
Party must be wholly owned by the Borrower or another Loan Party and (C) the aggregate amount of investments by Loan Parties in, and loans and advances by Loan Parties to, Subsidiaries that are not Loan Parties (determined without regard to any
write-downs or write-offs of such investments, loans and advances but taking into account repayments, redemptions, return of capital, etc.) under this clause (ii) shall not exceed $50,000,000 plus the Additional Equity Proceeds Amount (to the
extent such Additional Equity Proceeds Amount has not been used to make investments pursuant to Section 6.4(l) or (q)) at any time outstanding; 
  
 (b) Permitted Investments; 
  
 (c) loans or advances made by the Borrower to any Subsidiary and made by any Subsidiary to the Borrower or any other Subsidiary;
provided, that (i) any such loans and advances made by a Loan Party shall be evidenced by a promissory note pledged to the Administrative Agent for the ratable benefit of the Secured Parties pursuant to the Guarantee and Collateral
Agreement and (ii) the amount of such loans and advances made by Loan Parties to Subsidiaries that are not Loan Parties shall be subject to the limitation set forth in clause (a) above; 
  
 (d) investments received in connection with the bankruptcy
or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business; 
  
 (e) the Borrower and the Subsidiaries may make loans and advances in the ordinary course of business to their respective employees so long
as the aggregate principal amount thereof at any time outstanding (determined without regard to any write-downs or write-offs of such loans and advances) shall not exceed $3,000,000 at any time and advances in the ordinary course of business of
payroll payments to employees and for entertainment and travel expenses of employees; 
  
 (f) the Borrower may enter into Hedging Agreements in the ordinary course of business that are not speculative in nature; 
  
 (g) the Borrower or any Subsidiary may acquire all or
substantially all the assets of a person or line of business of such person, or not less than 100% of the Equity Interests (except for directors’ qualifying shares) of a person (referred to herein as the “Acquired Entity”);
provided, that (i) such acquisition was not preceded by an unsolicited tender offer for such Equity Interests by, or proxy contest initiated by, the Borrower or any Subsidiary; (ii) the Acquired Entity shall be a going concern and
after giving effect to the acquisition the Borrower shall be in compliance 

  

 71 

 
with Section 6.8; (iii) at the time of such transaction, both before and after giving effect thereto, no Event of Default or Default shall have
occurred and be continuing; and (iv) each Permitted Acquisition shall only consist of, or be financed with (I) cash and Permitted Investments of the Borrower and its Subsidiaries, (II) Incremental Term Loans, (III) Indebtedness incurred
under Section 6.1(d), (e), (g), (h) and (p) (or any Refinancing Indebtedness thereof) and (IV) the proceeds of common or preferred equity (other than Disqualified Preferred Stock) investments in the Borrower after the Closing Date (it
being understood that investments in Subsidiaries of proceeds of any of the foregoing to be used by such Subsidiaries must separately comply with the provisions of Section 6.4), and (v) the Borrower shall comply, and shall cause the
Acquired Entity to comply, with the applicable provisions of Section 5.9 and the Security Documents (any acquisition of an Acquired Entity meeting all the criteria of this Section 6.4(g) being referred to herein as a “Permitted
Acquisition”); 
  
 (h) the Borrower and
its Subsidiaries may (i) acquire and hold receivables owing to it, if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms (including the dating of receivables) of the
Borrower or such Subsidiary and (ii) make loans to customers, dealers and suppliers in the ordinary course of business and consistent with past practices; 
  

(i) the Borrower may acquire and hold obligations of one or more officers or other employees of the Borrower or its subsidiaries in
connection with such officers’ or employees’ acquisition of Equity Interests of the Borrower; 
  
 (j) the Borrower and its Subsidiaries may acquire and hold non-cash consideration issued by the purchaser of assets in connection with a
sale of such assets to the extent permitted by Section 6.5; 
  
 (k) investments, loans and advances existing on the Original Closing Date and set forth in Schedule 6.4; 
  
 (l) investments by the Borrower or any Subsidiary in joint ventures or similar arrangements in an aggregate amount at any time outstanding
not to exceed $10,000,000 plus the Additional Equity Proceeds Amount (to the extent such Additional Equity Proceeds Amount has not been used to make investments pursuant to Section 6.4(a)(ii) or (q)); 
  
 (m) investments by the Borrower or any Subsidiary to the
extent funded with proceeds received by the Borrower from the sale after the Original Closing Date of common or preferred equity (other than Disqualified Preferred Stock); 
  
 (n) investments in Equity Interests of the Borrower permitted by Section 6.6(a)(ii); 
  
 (o) investments in fixed or capital assets from the proceeds
of any Reinvestment Deferred Amount; 
  
 (p)
purchases of inventory, raw materials and related assets in the ordinary course of business; and 
  
 (q) in addition to investments permitted by paragraphs (a) through (p) above, additional investments, loans and advances by the
Borrower and the Subsidiaries so long as the aggregate amount invested, loaned or advanced pursuant to this paragraph (q) (determined without regard to any write-downs or write-offs of such investments, loans and advances but 

  

 72 

 
taking into account repayments, redemptions, return of capital etc.) does not exceed the greater of (i) $20,000,000 plus the Additional Equity Proceeds
Amount (to the extent such Additional Equity Proceeds Amount has not been used to make investments pursuant to Section 6.4(a)(ii) or (l)) and (ii) 5% of the total value of the assets of the Borrower and its Subsidiaries as set forth in the
most recent financial statements delivered pursuant to Section 5.4(a) or (b) plus the Additional Equity Proceeds Amount (to the extent such Additional Equity Proceeds Amount has not been used to make investments pursuant to
Section 6.4(a)(ii) or (l)), in each case, in the aggregate at any one time outstanding. 
  
 SECTION 6.5. Mergers, Consolidations, Sales of Assets and Acquisitions. (a) Merge into or consolidate with any other person, or permit any other person to merge into or consolidate with it, or sell,
transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of the assets (whether now owned or hereafter acquired) of the Borrower or less than all the Equity Interests of any Subsidiary, or
purchase, lease or otherwise acquire (in one transaction or a series of transactions) all or any substantial part of the assets of any other person, except that (i) the Borrower and any Subsidiary may purchase and sell inventory, materials and
equipment in the ordinary course of business and may license intellectual property in the ordinary course of business, (ii) the Borrower and any Subsidiary may sell obsolete, damaged or worn-out inventory and equipment in the ordinary course of
business and (iii) if at the time thereof and immediately after giving effect thereto no Event of Default or Default shall have occurred and be continuing (u) any Subsidiary may change its form of organization in compliance with
Section 5.6(a), if applicable, (v) any person may make investments and advances permitted by Section 6.4, (w) any wholly owned Subsidiary may merge into the Borrower in a transaction in which the Borrower is the surviving
corporation, (x) any wholly owned Subsidiary may merge into or consolidate with any other wholly owned Subsidiary in a transaction in which the surviving entity is a wholly owned Subsidiary and no person other than the Borrower, a wholly owned
Subsidiary or the De Minimis Holders receives any consideration (provided, that if any party to any such transaction is a Loan Party, the surviving entity of such transaction shall be a Loan Party), (y) the Borrower and any Subsidiary
may make Permitted Acquisitions and (z) any Subsidiary of the Borrower may merge with another person in a transaction constituting an Asset Sale permitted hereunder. 
  
 (b) Engage in any Asset Sale otherwise permitted under paragraph (a) above unless (i) such Asset Sale is for
consideration at least 75% of which is cash (other than in the case of a like-kind exchange or trade-in of one asset for another asset used or useful in the business of the Borrower and its Subsidiaries) and (ii) such consideration is at least
equal to the fair market value of the assets being sold, transferred, leased or disposed of and the fair market value of all assets sold, transferred, leased or disposed of pursuant to this paragraph (b) shall not exceed $25,000,000 in any
fiscal year. Upon a sale of assets or the sale of Equity Interests of a Subsidiary of a Loan Party permitted by this Section 6.5, the Administrative Agent shall deliver to the Borrower, upon the Borrower’s request and at the
Borrower’s expense, such documentation as is reasonably necessary to evidence the release of the Administrative Agent’s security interest in such assets or Equity Interests, including, without limitation, amendments or terminations of UCC
financing statements, the return of stock certificates and the release of a Guarantor (as applicable) from its obligations under the Loan Documents. 
  
 SECTION 6.6. Restricted Payments; Restrictive Agreements. (a) Declare or make, or agree to declare or make, directly or indirectly, any
Restricted Payment (including pursuant to any Synthetic Purchase Agreement), or incur any obligation (contingent (unless the contingency is the repayment of the Obligations or receipt of consent from the requisite lenders under this Agreement) or
otherwise) to do so; provided, however, that: 
  
 (i) any direct or indirect wholly owned Domestic Subsidiary of the Borrower and any Foreign Subsidiary may declare and pay dividends or make other distributions ratably to its equity holders; 
  

 73 

 (ii) so long as no Event of Default or Default shall have occurred and be continuing or
would result therefrom, the Borrower may repurchase Equity Interests of the Borrower owned by past or present officers, directors or employees of the Borrower or the Subsidiaries or make payments to employees of the Borrower or the Subsidiaries upon
termination of employment of such employees (including as a result of retirement or severance) in connection with the exercise of stock options, stock appreciation rights or similar equity incentives or equity based incentives pursuant to management
incentive plans or in connection with the death or disability of such employees in an aggregate amount not to exceed $5,000,000 in any fiscal year (it being agreed that any amount not utilized in any fiscal year may be carried forward and utilized
in the immediately following fiscal year and that any amount spent in any fiscal year shall be deemed to utilize any such carried forward amount first); 
  
 (iii) so long as no Event of Default under clause (b) or (c) of Article VII shall have occurred and be continuing, the
Borrower may pay management fees to the Sponsor in an aggregate amount not to exceed $2,000,000 per fiscal year; 
  
 (iv) subject to Section 6.9(b), after the Initial Public Offering, the Borrower may pay dividends to its shareholders each
fiscal year in an amount not to exceed the greater of (A) $25,000,000 and (B) 12% of the gross equity proceeds of the Initial Public Offering (and any other offering of Equity Interests of the Borrower thereafter except to the extent such
proceeds are used to make Restricted Payments under clause (vii) of this Section 6.6(a)) received by the Borrower, so long as the Borrower is in Pro Forma Compliance and at the time of such dividend and immediately after giving effect
thereto no Default or Event of Default shall have occurred and be continuing; 
  
 (v) the Borrower may make Restricted Payments to fund amounts payable to any participant in any Plan of the Borrower or the Subsidiaries upon the termination of the employment of such participant in an amount not
to exceed $1,000,000 in any fiscal year of the Borrower; 
  
 (vi) the Borrower may pay the One-Time Restricted Payment; 
  
 (vii) subject to Section 6.9(b), the Borrower may make Restricted Payments in an amount equal to primary equity proceeds (other than
proceeds from the Initial Public Offering) received by the Borrower so long as (A) such Restricted Payment is paid within 90 days of the receipt of such primary equity proceeds, (B) immediately after giving effect to such Restricted
Payment no Default or Event of Default shall have occurred and be continuing and (C) the Borrower is in Pro Forma Compliance; provided, that any equity proceeds used to make Restricted Payments under this clause (vii) may not be
used to make Restricted Payments made under clause (B) of clause (iv) of this Section 6.6(a); and 
  
 (viii) subject to Section 6.9(b), in addition to the Restricted Payments in clauses (i)-(vii) above, the Borrower and its
Subsidiaries may make additional Restricted Payments in an amount not to exceed $10,000,000 in the aggregate in any fiscal year of the Borrower; provided, that no such dollar limitation shall apply so long as (A) no Default or Event of
Default shall have occurred and be continuing or would result therefrom, (B) the Borrower’s Leverage Ratio determined on a pro forma basis as if such Restricted Payment had been made on the first day of 

  

 74 

 
the most recently ended four-fiscal quarter period of the Borrower is less than 3.50 to 1.00 and (C) the Borrower is otherwise in Pro Forma Compliance.

  
 Notwithstanding the foregoing, in the event that the failure to comply with
any Financial Performance Covenant is cured through the exercise of the Cure Right set forth in Article VII, Sections 6.6(a)(iii), (iv), (v), (vi), (vii) and (viii) above shall only be available to the Loan Parties if (x) the Required
Lenders consent to the relevant Restricted Payment pursuant to Section 6.6(a)(iii), (iv), (v), (vi), (vii) and (viii) or (y) the Borrower is in compliance with all Financial Performance Covenants as of the end of any two
consecutive fiscal quarters following the fiscal quarter in which the Borrower exercised its Cure Right. 
  
 (b) Enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (i) the ability
of the Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets to secure the Obligations or (ii) the ability of any Subsidiary to pay dividends or other distributions with respect to any of its
Equity Interests or to make or repay loans or advances to the Borrower or any other Subsidiary or to Guarantee Indebtedness of the Borrower or any other Subsidiary; provided, that (A) the foregoing shall not apply to restrictions and
conditions imposed by law or by any Loan Document, (B) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of stock or assets of a Subsidiary pending such sale, provided,
such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (C) clause (i) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to
secured Indebtedness permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (D) clause (i) of the foregoing shall not apply to customary provisions in leases and
other contracts restricting the assignment thereof and (E) clause (i) and (ii) of the foregoing shall not apply to restrictions and conditions imposed (1) under debt agreements of Foreign Subsidiaries incurred under
Section 6.1(o) or (2) under contracts with customers entered into the ordinary course of business that contain restrictions on cash or other deposits or net worth. 
  
 SECTION 6.7. Transactions with Affiliates. Except for transactions by or among Loan Parties or by or among Foreign
Subsidiaries, sell or transfer any property or assets to, or purchase or acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except that (a) the Borrower or any Subsidiary may engage
in any of the foregoing transactions at prices and on terms and conditions not less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b) Restricted Payments may be
effected to the extent provided in Section 6.6, (c) reasonable fees and compensation may be paid to, and indemnities may be provided on behalf of, officers, directors and employees of, and consultants (other than the Sponsor) to, the
Borrower and the Subsidiaries, as determined by the Board of Directors or appropriate officers of the Borrower in good faith, (d) securities may be issued and other payments, awards or grants (in cash, equity securities or otherwise) may be
made pursuant to, or with respect to the funding of, employment arrangements, stock options and stock ownership plans approved by the Board of Directors of the Borrower in good faith, (e) the Loan Parties may perform their respective
obligations under the terms of any registration rights agreement, (f) loans, investments and advances may be made to the extent permitted by Sections 6.1 and 6.4, (g) fees may be paid to the Sponsor in respect of any Permitted Acquisition
or disposition permitted hereunder with respect to which the Sponsor acts as an adviser to the Borrower or any Subsidiary in any amount not to exceed 1% of the value of such Permitted Acquisition or disposition and (h) transfers of property or
assets from Loan Parties to Foreign Subsidiaries in the ordinary course of business not otherwise prohibited under this Agreement. 
  
 SECTION 6.8. Business of Borrower and Subsidiaries. Engage at any time in any business or business activity other than the business currently
conducted by them and business activities that constitute a reasonable extension, development or expansion thereof reasonably incidental thereto. 
  

 75 

 SECTION 6.9. Amendments and Prepayments of Subordinated Indebtedness. (a) Permit any
supplement, modification or amendment of any subordinated Indebtedness of the Borrower or any Subsidiary that would cause such Indebtedness to not be in compliance with the subordination provisions of Section 6.1(h) or that is reasonably likely
to adversely affect the ability of the Borrower to repay the Obligations when due without the prior written consent of the Administrative Agent. 
  
 (b) Make any distribution, whether in cash, property, securities or a combination thereof in excess of $15,000,000 in the aggregate during the term of
this Agreement plus any Additional Amount (as defined below), other than regularly scheduled payments of principal and interest as and when due (to the extent not prohibited by applicable subordination provisions), in respect of, or pay, or offer or
commit to pay, or directly or indirectly (including pursuant to any Synthetic Purchase Agreement) redeem, repurchase, retire or otherwise acquire for consideration, or set apart any sum for the aforesaid purposes, any subordinated Indebtedness
(provided, however, that the foregoing shall not prohibit any refinancings of Indebtedness in accordance with Section 6.1(j), the conversion of any such Indebtedness into Equity Interests (other than Disqualified Preferred Stock)
or any transaction otherwise prohibited by this clause (b) funded with the proceeds received by the Borrower of Equity Interests). The term “Additional Amount” shall mean the amount which may be paid as a Restricted Payment
under Sections 6.6(a)(iv), (vii) or (viii); provided, that any such amount used as an Additional Amount shall reduce the amount available for Restricted Payments under Sections 6.6(a)(iv), (vii) or (viii), as applicable. The
Borrower shall from time to time notify the Administrative Agent of the computation and allocation of the Additional Amount among this Section 6.9(b) and such Sections 6.6(a)(iv), (vii) or (viii). 
  
 SECTION 6.10. Capital Expenditures. (a) Permit the aggregate
amount of Capital Expenditures made by the Borrower and the Subsidiaries in any fiscal year of the Borrower to exceed the sum of (i) the amount set forth below for such fiscal year as the “Capital Expenditure Base Amount” for such
year, and (ii) the Acquired CapEx Amount: 
  

				
	 Fiscal Year Ended

	  	Capital Expenditure
Base Amount

	 December 31, 2005
	  	$	20,000,000
	 December 31, 2006
	  	$	25,000,000
	 December 31, 2007
	  	$	25,000,000
	 December 31, 2008
	  	$	35,000,000
	 December 31, 2009 and each fiscal year ending thereafter
	  	$	35,000,000

  
 For purposes of this
Section 6.10, the “Acquired CapEx Amount”, with respect to any Acquired Entity, shall equal the product of (x) the aggregate amount of Capital Expenditures made by the Acquired Entity in the two fiscal years prior to the
date of the Permitted Acquisition and (y) 0.50. 
  
 (b) The
amount of permitted Capital Expenditures set forth in paragraph (a) above (as adjusted in accordance with the terms thereof) in respect of any fiscal year commencing with the fiscal year ending on December 31, 2005, shall be increased (but
not decreased) by the amount of unused permitted Capital Expenditures for the two immediately preceding fiscal years; provided, that Capital Expenditures made pursuant to this Section during any fiscal year shall be deemed made, first,
in respect of amounts carried over from the fiscal year two years prior thereto pursuant to the preceding sentence, second, in respect of amounts carried over from the fiscal year immediately prior thereto pursuant to the 

  

 76 

 
preceding sentence and, third, in respect of amounts permitted for such fiscal year as provided above; provided, further, that for the
fiscal years ending December 31, 2005 and December 31, 2006, unused permitted Capital Expenditures from the fiscal year ending December 31, 2004 shall be deemed to be $6,869,000 (less, in the case of the fiscal year ending
December 31, 2006, amounts expended in respect of such carried over amount in the fiscal year ending December 31, 2005). 
  
 SECTION 6.11. Interest Coverage Ratio. Permit the Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrower, in
each case taken as one accounting period, ending on a date or during any period set forth below to be less than the ratio set forth opposite such date or period below: 
  

			
	 Date or Period

	  	Ratio

	 December 31, 2005
	  	2.75 to 1.00
	 March 31, 2006
	  	3.00 to 1.00
	 June 30, 2006
	  	3.00 to 1.00
	 September 30, 2006
	  	3.25 to 1.00
	 December 31, 2006
	  	3.25 to 1.00
	 March 31, 2007
	  	3.25 to 1.00
	 June 30, 2007
	  	3.25 to 1.00
	 September 30, 2007 and each four-fiscal quarter period ending thereafter
	  	3.50 to 1.00

  
 SECTION 6.12.
Maximum Leverage Ratio. Permit the Leverage Ratio at the end of any fiscal quarter ending on a date or during a period set forth below to be greater than the ratio set forth opposite such date or period below. 
  

			
	 Date or Period

	  	Ratio

	 December 31, 2005
	  	4.00 to 1.00
	 March 31, 2006
	  	4.00 to 1.00
	 June 30, 2006
	  	4.00 to 1.00
	 September 30, 2006
	  	4.00 to 1.00
	 December 31, 2006
	  	4.00 to 1.00
	 March 31, 2007
	  	3.75 to 1.00
	 June 30, 2007
	  	3.75 to 1.00
	 September 30, 2007
	  	3.75 to 1.00
	 December 31, 2007
	  	3.75 to 1.00
	 March 31, 2008
	  	3.50 to 1.00
	 June 30, 2008
	  	3.50 to 1.00
	 September 30, 2008
	  	3.50 to 1.00
	 December 31, 2008
	  	3.50 to 1.00
	 March 31, 2009
	  	3.25 to 1.00
	 June 30, 2009
	  	3.25 to 1.00
	 September 30, 2009
	  	3.25 to 1.00
	 December 31, 2009
	  	3.25 to 1.00
	 March 31, 2010 and each four-fiscal quarter period ending thereafter
	  	3.00 to 1.00

  
 SECTION 6.13.
Fiscal Year. Change its fiscal year-end to a date other than December 31. 
  

 77 

 ARTICLE VII 
 Events of Default 
  
 In
case of the happening of any of the following events (“Events of Default”): 
  
 (a) any representation or warranty made or deemed made in or in connection with any Loan Document or the borrowings or issuances of Letters of Credit hereunder, or any representation, warranty, statement or
information contained in any report, certificate, financial statement or other instrument furnished in connection with or pursuant to any Loan Document, shall prove to have been false or misleading in any material respect when so made, deemed made
or furnished; 
  
 (b) default shall be made in the payment of any
principal of any Loan or the reimbursement with respect to any L/C Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise;

  
 (c) default shall be made in the payment of any interest on
any Loan or L/C Disbursement or of any Fee or any other amount (other than an amount referred to in (b) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall continue unremedied for a
period of three Business Days; 
  
 (d) default shall be made in
the due observance or performance by the Borrower or any Subsidiary of any covenant, condition or agreement contained in Section 5.1(a), 5.5(a), 5.8 or in Article VI; 
  
 (e) default shall be made in the due observance or performance by the Borrower or any Subsidiary of any covenant, condition
or agreement contained in any Loan Document (other than those specified in (b), (c) or (d) above) and such default shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent or any Lender to the
Borrower; 
  
 (f) (i) the Borrower or any Material Subsidiary
shall fail to pay any principal or interest due in respect of any Material Indebtedness, when and as the same shall become due and payable, or (ii) any other event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material
Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided, that this clause (ii) shall not apply to secured Indebtedness that becomes due as a result
of the voluntary sale or transfer of the property or assets securing such Indebtedness; 
  
 (g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent jurisdiction seeking (i) relief in respect of the Borrower or any Material Subsidiary, or of a
substantial part of the property or assets of the Borrower or a Material Subsidiary, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or
similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of the property or assets of the Borrower or a Material
Subsidiary or (iii) the winding-up or liquidation of the Borrower or any Material Subsidiary; and such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be
entered; 
  
 (h) the Borrower or any Material Subsidiary shall
(i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter 

  

 78 

 
amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) consent to the institution of, or fail to
contest in a timely and appropriate manner, any proceeding or the filing of any petition described in (g) above, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official
for the Borrower or any Material Subsidiary or for a substantial part of the property or assets of the Borrower or any Material Subsidiary, (iv) file an answer admitting the material allegations of a petition filed against it in any such
proceeding, (v) make a general assignment for the benefit of creditors, (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due or (vii) take any action for the purpose of effecting any
of the foregoing; 
  
 (i) one or more judgments for the payment of
money in an aggregate amount in excess of $15,000,000 (net of amounts covered by independent third party insurance as to which the insurer has been notified of such judgment or order and does not deny coverage and of amounts covered by an indemnity
from a person that, in the reasonable judgment of the Administrative Agent, is creditworthy) from a party shall be rendered against the Borrower, any Material Subsidiary or any combination thereof and the same shall remain unsatisfied and
undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to levy upon assets or properties of the Borrower or any Material Subsidiary to
enforce any such judgment; 
  
 (j) an ERISA Event shall have
occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in liability of the Borrower and its ERISA Affiliates in an aggregate amount exceeding
$15,000,000; 
  
 (k) any Guarantee under the Guarantee and
Collateral Agreement for any reason shall cease to be in full force and effect (other than in accordance with its terms), or any Guarantor shall deny in writing that it has any further liability under the Guarantee and Collateral Agreement (other
than as a result of the discharge of such Guarantor in accordance with the terms of the Loan Documents); 
  
 (l) any security interest in any material item of Collateral purported to be created by any Security Document shall cease to be, or shall be asserted by
the Borrower or any other Loan Party not to be, a valid, perfected, first priority (except as otherwise expressly provided in this Agreement or such Security Document) security interest in the securities, assets or properties covered thereby, except
to the extent that any such loss of perfection or priority results from the failure of the Administrative Agent to maintain possession of certificates representing securities pledged under the Pledge Agreement and except to the extent that such loss
is covered by a lender’s title insurance policy and the related insurer shall not have denied or disclaimed in writing that such loss is covered by such title insurance policy; or 
  
 (m) there shall have occurred a Change in Control; 
  
 then, and in every such event (other than an event with respect to the Borrower described in paragraph (g) or (h)(i)-(v) above),
and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate forthwith the Commitments and (ii) declare the Loans then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans so declared to be due and payable, together with accrued interest
thereon and any unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall become forthwith due and payable, without presentment, demand, protest or any other notice of any kind, all of
which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding; and in any event with respect to the Borrower described in paragraph (g) or (h)(i)-(v) above, the
Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and any unpaid 

  

 79 

 
accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other Loan Document, shall automatically become due and payable,
without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything contained herein or in any other Loan Document to the contrary notwithstanding. 
  
 Notwithstanding anything to the contrary contained in this Article VII, in the event that the
Borrower would otherwise fail to comply with the requirements of Sections 6.11 or 6.12 (each, a “Financial Performance Covenant”) at the end of any fiscal quarter, at any time within ten days after the date on which a Compliance
Certificate must be delivered for the end of such fiscal quarter or fiscal year, as applicable, the Borrower shall have the right, exercisable at any time during the term of this Agreement (provided that such right may not be exercised with respect
to more than two fiscal quarters during any consecutive four fiscal quarter period), to issue Permitted Cure Securities (as defined below) for cash or otherwise receive cash contributions to the capital of the Borrower (in any case, not in excess of
$25,000,000 in the aggregate in any consecutive four fiscal quarter period), and to contribute any such cash to the capital of Borrower (the “Cure Right”), and upon the receipt by the Borrower of such cash (the “Cure
Amount”) pursuant to the exercise by the Borrower of such Cure Right, the Financial Performance Covenants shall be recalculated giving effect to the following pro forma adjustments: 
  

	 	(i)	Consolidated EBITDA shall be increased solely for the purpose of measuring the Financial Performance Covenants and not for any other purpose under this Agreement, by an amount equal
to the Cure Amount; and 

  

	 	(ii)	if, after giving effect to the foregoing recalculations, the Borrower shall then be in compliance with the requirements of all Financial Performance Covenants, the Borrower shall be
deemed to have satisfied the requirements of the Financial Performance Covenants as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default
of any such Financial Performance Covenant that would have otherwise occurred on such date but for the application of the foregoing recalculations shall be deemed not to have occurred. 

  
 As used in this Article VII, the term “Permitted Cure Securities” shall mean
an equity security of the Borrower having no mandatory redemption, repurchase, repayment or similar requirements prior to the six-month anniversary of the Term Loan Maturity Date and upon which all dividends or distributions, at the election of the
Borrower, may be payable in additional shares of such equity security. 
  
 ARTICLE VIII 
 The Agents 
  
 SECTION 8.1. Appointment. Each Lender and the Issuing Bank hereby irrevocably designates and appoints the Administrative Agent as an agent of such
Lender and the Issuing Bank under this Agreement and the other Loan Documents. Each Lender irrevocably authorizes the Administrative Agent, in such capacity, through its agents or employees, to take such actions on its behalf under the provisions of
this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such actions and powers
as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary
relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. 
  

 80 

 SECTION 8.2. Delegation of Duties. The Administrative Agent may perform any and all its duties and
exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their
respective Affiliates. The exculpatory provisions of the succeeding paragraphs shall apply to any such sub-agent and to the Affiliates 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 the Administrative Agent. 
  
 SECTION 8.3. Exculpatory Provisions. No Agent shall have any duties or obligations except those expressly set forth in the Loan Documents. Without
limiting the generality of the foregoing, (a) no Agent shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) no Agent shall have any duty to take any discretionary
action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that such Agent is required to exercise in writing by the Required Lenders (or such other number or percentage of the
Lenders as shall be necessary under the circumstances as provided in Section 9.8), and (c) except as expressly set forth in the Loan Documents, no Agent shall have any duty to disclose or shall be liable for the failure to disclose, any
information relating to Borrower or any Subsidiaries that is communicated to or obtained by the bank serving as such Agent or any of its Affiliates in any capacity. No Agent shall be liable for any action taken or not taken by it with the consent or
at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.8) or in the absence of its own gross negligence or willful misconduct. No Agent
shall be deemed to have knowledge of any Default unless and until written notice thereof is given to such Agent by Borrower or a Lender, and no Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the
covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document or (v) the satisfaction
of any condition set forth in Article IV or elsewhere in any Loan Document. 
  
 SECTION 8.4. 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 believed by it to be genuine and to have been signed or sent by a proper person. The Administrative Agent also may rely upon any statement made to it orally and believed by it to be made by a proper person, and
shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for Borrower), independent accountants and other advisors 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 advisors. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall
first receive such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and
expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents
in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the
Loans. 
  
 SECTION 8.5. Notice of Default. The
Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent 

  

 81 

 
has received notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a
“notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or
Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the Administrative
Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 
  
 SECTION 8.6. Non-Reliance on Agents and Other Lenders. Each Lender
expressly acknowledges that neither the Agents nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by any Agent hereafter taken,
including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender acknowledges that it has, independently and without reliance
upon any Agent or any other Lender 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 also acknowledges that it will, independently and
without reliance upon any Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any
other Loan Document or related agreement or any document furnished hereunder or thereunder, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or
responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of a Loan Party that may
come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates. 
  
 SECTION 8.7. Indemnification. The Lenders severally agree to indemnify each Agent in its capacity as such (to the extent not reimbursed by the
Borrower and without limiting the obligation of the Borrower to do so), ratably according to their respective outstanding Loans and Commitments in effect on the date on which indemnification is sought under this Section 8.7 (or, if
indemnification is sought after the date upon which all Commitments shall have terminated and the Loans and Reimbursement Obligations shall have been paid in full, ratably in accordance with such outstanding Loans and Commitments as in effect
immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the
payment of the Loans and Reimbursement Obligations) be imposed on, incurred by or asserted against such Agent in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by
or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent under or in connection with any of the foregoing; provided, that no Lender shall be liable for the payment of any
portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such
Agent’s gross negligence or willful misconduct. The agreements in this Section 8.7 shall survive the payment of the Loans and all other amounts payable hereunder. 
  
 SECTION 8.8. Agent in Its Individual Capacity. Each person serving as an 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 an Agent, and such person and its Affiliates may accept deposits from, 

  

 82 

 
lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not an Agent
hereunder. 
  
 SECTION 8.9. Successor Administrative Agent.
The Administrative Agent may resign as such at any time upon at least 10 days’ prior notice to the Lenders, the Issuing Bank and the Borrower. Upon any such resignation, the Required Lenders shall have the right upon approval of the
Borrower (whose approval shall not be required during the continuance of an Event of Default and shall not, in any event, be unreasonably withheld or delayed), to appoint a successor from among the Lenders. If no 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 the retiring Administrative Agent may, on behalf of the Lenders and the
Issuing Bank, appoint a successor, which successor shall be a commercial banking institution organized under the laws of the United States (or any State thereof) or a United States branch or agency of a commercial banking institution, in each case,
having combined capital and surplus of at least $250 million; provided, that if such retiring Administrative Agent is unable to find a commercial banking institution which is willing to accept such appointment and which meets the
qualifications set forth above, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if
any, as the Required Lenders appoint a successor. Upon the acceptance of its appointment as the Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of
the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor shall be the same as those payable to its predecessor unless
otherwise agreed between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article VIII and Section 9.5 shall continue in effect for the benefit of such retiring
Administrative Agent, its sub-agents and their respective Affiliates in respect of any actions taken or omitted to be taken by any of them while it was acting as the Administrative Agent. The parties hereto waive all notice requirements for the
resignation of the administrative agent under Section 8.9 of the Original Credit Agreement. Any resignation by Bank of America, N.A. as Administrative Agent pursuant to this Section 8.9 shall also constitute its resignation as Issuing Bank
and Swingline 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 Issuing
Bank and Swingline Lender, (b) the retiring Issuing Bank and Swingline Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor Issuing Bank shall
issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing Bank to effectively assume the obligations of the retiring Issuing
Bank with respect to such Letters of Credit. 
  
 SECTION 8.10.
Co-Documentation Agents, Arrangers and Syndication Agent. The parties hereto acknowledge that the Co-Documentation Agents, the Arrangers and the Syndication Agent hold such titles in name only, and that such titles confer no additional rights
or obligations relative to those conferred on any Lender hereunder. 
  
 ARTICLE IX 
 Miscellaneous 
  
 SECTION 9.1. Notices. Notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopy, as follows: 
  
 (a) if to the Borrower, to it at 1235 Water Street, East Greenville, Pennsylvania 18041, Attention: Barry McCabe and the Office of the
General Counsel, Fax No.: (215) 679-1013; 
  

 83 

 (b) if to the Administrative Agent, the Issuing Bank or the Swingline Lender, to it at
its address (or fax number) set forth on Schedule 9.1(b); and 
  
 (c) if to a Lender, to it at its address (or fax number) set forth in the administrative contacts delivered to the Administrative Agent or in the Assignment and Assumption pursuant to which such Lender shall have
become a party hereto. 
  
 All notices and other communications given to any party
hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service or sent by fax or on the date five Business Days after dispatch by certified or
registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 9.1 or in accordance with the latest unrevoked direction from such party given in accordance with this
Section 9.1. As agreed to among the Borrower, the Administrative Agent, the Swingline Lender and the applicable Lenders from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a
representative of the applicable person provided from time to time by such person. 
  
 SECTION 9.2. Survival of Agreement. All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments prepared or delivered in connection with or
pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and the Issuing Bank and shall survive the making by the Lenders of the Loans and the issuance of Letters of Credit by the Issuing
Bank, regardless of any investigation made by the Lenders or the Issuing Bank or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any Fee or any other amount payable
under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not been terminated. The provisions of Sections 2.14, 2.15, 2.19 and 9.5 shall remain operative and
in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the expiration of any Letter of
Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, any Lender or the Issuing Bank. 
  
 SECTION 9.3. Binding Effect. This Agreement shall become effective
when it shall have been executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto. 

 
 SECTION 9.4. Successors and Assigns. (a) The provisions of
this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any affiliate of the Issuing Bank that issues any Letter of Credit), except that the Borrower
may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void). Nothing in this
Agreement, express or implied, shall be construed to confer upon any person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit) and,
to the extent expressly contemplated hereby, the other Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  

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 (b) Any Lender shall have the right at any time to assign to one or more banks, insurance companies,
investment companies or funds or other institutions (other than the Borrower or any Affiliate or Subsidiary thereof) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at
the time owing to it); provided, that (A) except in the case of an assignment to an Approved Fund, a Lender or an Affiliate of a Lender or an assignment by UBS Loan Finance LLC or Bank of America, N.A. or any of their respective
Affiliates, the Administrative Agent (and, in the case of an assignment of all or a portion of a Revolving Credit Commitment or any Lender’s obligations in respect of its L/C Exposure or Swingline Exposure, the Issuing Bank, UBS AG, Stamford
Branch (so long as any Existing Letter of Credit remains outstanding), the Swingline Lender and the Borrower) must give its prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed), (B) except in
the case of an assignment to an Approved Fund, a Lender or an Affiliate of a Lender, any assignment made prior to Completion of the Primary Syndication of the Commitment and Loans by the Arrangers (or any Affiliate of an Arranger) or an assignment
of the entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to
such assignment is delivered to the Administrative Agent) shall not be less than $1,000,000 unless each of the Borrower and the Administrative Agent otherwise consent (such consent not to be unreasonably withheld or delayed), (C) each partial
assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, except that this clause (C) shall not be construed to prohibit the assignment of a proportionate
part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans, (D) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with
a processing and recordation fee of $3,500 (provided, that no processing and recordation fee shall be required in connection with any assignment by, or to, UBS Loan Finance LLC, Bank of America, N.A. or any of their respective Affiliates); and
(E) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire; and provided, further, that any consent of the Borrower otherwise required under this paragraph shall not be
required if a Default has occurred and is continuing. 
  
 (c)
Subject to acceptance and recording thereof pursuant to Section 9.4(d), from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto 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 2.14, 2.15, 2.19 and 9.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.4 shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance with Section 9.4(f). 
  
 (d) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount of the Loans and Reimbursement 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, the Issuing Bank 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. 
  

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 (e) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an
assignee, the assignee’s completed administrative questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in Section 9.4(b) and any written consent to such assignment required
by Section 9.4(b), the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in
the Register as provided in this paragraph. 
  
 (f) (i) Any Lender
may, without the consent of the Borrower or the Administrative Agent, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its Commitments and the Loans owing to it); provided, that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (C) the Borrower, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement. Any agreement 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 may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that (1) requires the consent of each
Lender directly affected thereby pursuant to Section 9.8(b) and (2) directly affects such Participant. Subject to Section 9.4(f)(ii), the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15
and 2.19 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 9.4(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 2.17 as though it
were a Lender, provided, such Participant shall be subject to Section 9.6 as though it were a Lender. 
  
 (ii) A Participant shall not be entitled to receive any greater payment under Section 2.14 or 2.19 than the applicable Lender would
have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. Any Participant that is a Non-U.S. Lender
shall not be entitled to the benefits of Section 2.19 unless such Participant complies with Section 2.19(e). 
  
 (g) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such
Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security
interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. In the case of any Lender that is a fund that invests in bank loans, such Lender may, without the
consent of Borrower or the Administrative Agent, collaterally assign or pledge all or any portion of its rights under this Agreement, including the Loans and Notes or any other instrument evidencing its rights as a Lender under this Agreement, to
any holder of, trustee for, or any other representative of holders of, obligations owed or securities issued, by such fund, as security for such obligations or securities. 
  
 (h) Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it may have funded hereunder to its
designating Lender without the consent of the Borrower or the Administrative Agent and without regard to the limitations set forth in Section 9.4(b). Each of the Borrower, each Lender and the Administrative Agent hereby confirms that it will
not institute against a Conduit Lender or join any other person in instituting against a Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any state bankruptcy or similar 

  

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law, for one year and one day after the payment in full of the latest maturing commercial paper note issued by such Conduit Lender; provided,
however, that each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such
Conduit Lender during such period of forbearance. 
  
 SECTION 9.5.
Expenses; Indemnity. (a) The Borrower agrees to pay, promptly upon demand: 
  
 (i) costs and expenses incurred by the Arrangers, the Agents, the Swingline Lender and the Issuing Bank, including the fees, charges and
disbursements of Advisors for the Arrangers, the Agents, the Swingline Lender and the Issuing Bank, in connection with the syndication of the Loans and Commitments, the preparation, execution and delivery of the Loan Documents, the administration of
the Loans and Commitments, the perfection and maintenance of the Liens securing the Collateral and any actual or proposed amendment, supplement or waiver of any of the Loan Documents (whether or not the transactions contemplated hereby or thereby
shall be consummated); 
  
 (ii) all costs and
expenses incurred by the Administrative Agent, including the fees, charges and disbursements of Advisors for the Administrative Agent, in connection with any action, suit or other proceeding affecting the Collateral or any part thereof, in which
action, suit or proceeding the Administrative Agent is made a party or participates or in which the right to use the Collateral or any part thereof is threatened, or in which it becomes necessary in the judgment of the Administrative Agent to defend
or uphold the Liens granted by the Security Documents (including any action, suit or proceeding to establish or uphold the compliance of the Collateral with any Requirements of Law); 
  
 (iii) all costs and expenses incurred by the Arrangers, the Administrative Agent, the Syndication Agent, the
Swingline Lender, the Issuing Bank or any Lender, including the fees, charges and disbursements of Advisors for the Arrangers, the Administrative Agent, the Syndication Agent, the Swingline Lender, the Issuing Bank or any Lender, incurred in
connection with the enforcement or protection of its rights under the Loan Documents, including its rights under this Section 9.5(a), or in connection with the Loans made or Letters of Credit issued hereunder and the collection of the
Obligations, including all such costs and expenses incurred during any workout, restructuring or negotiations in respect of the Obligations; and 
  
 (iv) all documentary and similar taxes and charges in respect of the Loan Documents. 
  
 For purposes of this Section 9.5(a), “Advisors” shall mean legal
counsel (including local counsel), auditors, accountants, consultants, appraisers or other advisors; provided, that (x) in the case of clause (i), the engagement of any Advisors other than legal counsel (including local counsel) shall be
subject to approval by the Borrower (which approval shall not be unreasonably withheld) and, in the case of clauses (i) and (ii), the term “Advisors” shall include one firm of legal counsel plus any local or special counsel, and
(y) in the case of clause (iii), the engagement of any Advisors other than one firm of legal counsel by any Lender shall be subject to approval by the Administrative Agent. 
  
 (b) The Borrower agrees to indemnify the Agents, the Arrangers, each Lender, the Issuing Bank, the Swingline Lender and each
Related Party of any of the foregoing persons (each such person being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities, penalties, judgments, suits and
related expenses, including reasonable counsel fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any way 

  

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connected with, or as a result of (i) the execution, delivery, performance, administration or enforcement of the Loan Documents, (ii) any actual or
proposed use of the proceeds of the Loans or issuance of Letters of Credit, (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto, or (iv) any actual or
alleged presence or Release or threatened Release of Hazardous Materials, on, at, under or from any property owned, leased or operated by any Loan Party at any time, or any Environmental Liability directly or indirectly related in any way to any
Loan Party; provided, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 
  
 (c) To the extent that the Borrower fails to promptly pay any amount required to be paid by it to any Agent under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to such Agents such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided, that the
unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent in its capacity as such. For purposes of the immediately preceding sentence, a Lender’s
“pro rata share” shall be determined based upon its share of the sum of the Aggregate Revolving Credit Exposure, outstanding Term Loans and unused Commitments at the time. To the extent that the Borrower fails to promptly pay any amount
required to be paid by it to the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section, each Revolving Credit Lender severally agrees to pay to the Issuing Bank or the Swingline Lender, as the case may be, such
Revolving Credit Lender’s pro rata share (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 any of the Issuing Bank or the Swingline Lender in its capacity as such. For purposes of the immediately preceding sentence, a Revolving Credit
Lender’s “pro rata share” shall be determined based upon its share of the Aggregate Revolving Credit Exposure. 
  
 (d) To the extent permitted by applicable law, the Borrower shall not assert, and 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 or any agreement or instrument contemplated hereby, the Transactions,
any Loan or Letter of Credit or the use of the proceeds thereof. 
  
 (e) The provisions of this Section 9.5 shall remain operative and in full force and effect regardless of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of the Loans
and Reimbursement Obligations, the release of all or any portion of the Collateral, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement or any other
Loan Document, or any investigation made by or on behalf of the Agents, the Issuing Bank or any Lender. All amounts due under this Section 9.5 shall be payable on written demand therefor accompanied by reasonable documentation with respect to
any reimbursement, indemnification or other amount requested. 
  
 SECTION 9.6. Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender is hereby authorized at any time and from time to time, except to the extent prohibited by law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower
now or hereafter existing under this Agreement and other Loan Documents held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or such other Loan 

  

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Document and although such obligations may be unmatured. The rights of each Lender under this Section 9.6 are in addition to other rights and remedies
(including other rights of setoff) which such Lender may have. 
  
 SECTION 9.7. Applicable Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
NEW YORK. EACH LETTER OF CREDIT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO SUCH LAWS OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY
CREDITS MOST RECENTLY PUBLISHED AND IN EFFECT, ON THE DATE SUCH LETTER OF CREDIT WAS ISSUED, BY THE INTERNATIONAL CHAMBER OF COMMERCE (THE “UNIFORM CUSTOMS”) OR, IF AGREED TO BY THE ISSUING BANK AND THE ADMINISTRATIVE AGENT, THE
INTERNATIONAL STANDBY PRACTICES, AND, AS TO MATTERS NOT GOVERNED BY THE UNIFORM CUSTOMS OR THE INTERNATIONAL STANDBY PRACTICES, AS APPLICABLE, THE LAWS OF THE STATE OF NEW YORK. 
  
 SECTION 9.8. Waivers; Amendment. (a) No failure or delay of the Administrative Agent, any Lender or the Issuing
Bank in exercising any power or right hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a
right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are
cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower or any other Loan Party therefrom shall in
any event be effective unless the same shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on the Borrower in any
case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances. 
  
 (b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended, supplemented or modified except, in the
case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders (or the Administrative Agent, with the consent of the Required Lenders) (and, prior to the Completion of the Primary
Syndication of the Commitments, the Arrangers) or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Administrative Agent and the Loan Party or Loan Parties that are parties thereto, in
each case with the written consent of the Required Lenders (and, prior to the Completion of the Primary Syndication of the Commitments, the Arrangers); provided, however, that (x) the Borrower and the Administrative Agent may
enter into an amendment to effect the provisions of Section 2.23(b) or 2.24(b) upon the effectiveness of any Incremental Term Loan Assumption Agreement or Incremental Revolving Loan Assumption Agreement, as the case may be (and any such
amendment shall in any event be deemed to have occurred upon such effectiveness), and (y) no such agreement under this Section 9.8(b) shall (i) decrease or forgive the principal amount of, or extend the maturity of or any scheduled
principal payment date or date for the payment of any interest on any Loan or any date for reimbursement of an L/C Disbursement, or waive or excuse any such payment or any part thereof, or decrease the rate of interest on any Loan or L/C
Disbursement, without the prior written consent of each Lender affected thereby, (ii) increase or extend the Commitment or decrease or extend the date for payment of any Fees of or any other amount actually due and payable hereunder to any
Lender without the prior written consent of such Lender, (iii) amend or modify the pro rata requirements of Sections 2.16 and 2.17, the provisions of this Section, or release any Guarantor party to 

  

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the Guarantee and Collateral Agreement (except as contemplated by this Agreement) or limit such Guarantor’s liability under the Guarantee and Collateral
Agreement, without the prior written consent of each Lender, (iv) change the provisions (including Sections 2.12 and 2.13 of this Agreement) of any Loan Document in a manner that by its terms adversely affects the rights in respect of payments
due to Lenders holding Loans of one Class differently from the rights of Lenders holding Loans of any other Class without the prior written consent of Lenders holding a majority in interest of the outstanding Loans and unused Commitments of each
adversely affected Class, (v) release all or a substantial portion of the Collateral from the Liens of the Security Documents or alter the relative priorities of the Obligations entitled to the Liens of the Security Documents (except in
connection with securing additional Obligations equally and ratably with the other Obligations or as contemplated by Section 9.18), in each case without the written consent of each Lender, (vi) reduce the percentage contained in the
definition of the term “Required Lenders” without the prior written consent of each Lender (it being understood that with the consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be included in
the determination of the Required Lenders on substantially the same basis as the Term Loan Commitments and Revolving Credit Commitments on the date hereof) or (vii) without the prior written consent of each Lender directly affected thereby,
amend the definition of the term “Interest Period” in any way which would permit Interest Periods to be in excess of six months; provided, further, that no such agreement shall amend, modify or otherwise affect the rights or
duties of the Administrative Agent, the Issuing Bank or the Swingline Lender hereunder or under any other Loan Document without the prior written consent of the Administrative Agent, the Issuing Bank or the Swingline Lender. Notwithstanding anything
to the contrary herein, 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 (it
being understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall be excluded for a vote of the Lenders hereunder requiring any consent of the Lenders). 
  
 SECTION 9.9. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest
rate applicable to any Loan or participation in any L/C Disbursement, together with all fees, charges and other amounts which are treated as interest on such Loan or participation in such L/C Disbursement under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan or participation in accordance with applicable
law, the rate of interest payable in respect of such Loan or participation hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been
payable in respect of such Loan or participation but were not payable as a result of the operation of this Section 9.9 shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or participations or periods
shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 
  
 SECTION 9.10. Entire Agreement. This Agreement and the other Loan
Documents constitute the entire contract between the parties relative to the subject matter hereof. Any other previous agreement among the parties with respect to the subject matter hereof is superseded by this Agreement and the other Loan
Documents. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any person (other than the parties hereto and thereto, their respective successors and assigns permitted hereunder (including any
Affiliate of the Issuing Bank that issues any Letter of Credit) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and the Lenders) any rights, remedies, obligations or
liabilities under or by reason of this Agreement or the other Loan Documents. 
  

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 SECTION 9.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS. EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.11. 
  
 SECTION 9.12. Severability. In the event any one or more of the
provisions contained in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any
way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall
endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
  
 SECTION 9.13. Counterparts. This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 9.3.
Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
  
 SECTION 9.14. Headings. Article and Section headings and the Table of Contents used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
  
 SECTION 9.15. Jurisdiction; Consent to Service of Process. (a) The Borrower hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement or the other Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and
determined in such New York State or, to the extent permitted by 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 shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this
Agreement or the other Loan Documents against the Borrower or its properties in the courts of any jurisdiction. 
  
 (b) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now
or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the other Loan Documents in any New York State or Federal court. Each of the parties hereto hereby irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
  

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 (c) The Borrower irrevocably consents to service of process in the manner provided for notices in
Section 9.1. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
  
 SECTION 9.16. Confidentiality. Each of the Administrative Agent, each other Agent, the Issuing Bank and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its and its Affiliates’ officers, directors, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (ii) to the extent requested by any regulatory authority or
quasi-regulatory authority (such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) in connection with the exercise of
any remedies hereunder or under the other Loan Documents or any suit, action or proceeding relating to the enforcement of its rights hereunder or thereunder, (v) subject to an agreement containing provisions substantially the same as those of
this Section 9.16, to (A) any actual or prospective assignee or pledgee of or participant in any of its rights or obligations under this Agreement and the other Loan Documents or (B) any actual or prospective counterparty (or its
advisors) to any swap or derivative transaction relating to the Borrower or any Subsidiary or any of their respective obligations, (vi) with the consent of the Borrower or (vii) to the extent such Information becomes publicly available
other than as a result of a breach of this Section 9.16. For the purposes of this Section, “Information” shall mean all information received from the Borrower and related to the Borrower or its business, other than any such
information that was available to the Administrative Agent, any other Agent, the Issuing Bank or any Lender on a nonconfidential basis prior to its disclosure by the Borrower; provided that, in the case of Information received from the
Borrower after the date hereof, such information is clearly identified at the time of delivery as confidential. Any person required to maintain the confidentiality of Information as provided in this Section 9.16 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 its own confidential information. 
  
 SECTION 9.17. USA Patriot Act. Each 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 “Patriot 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 to identify the Borrower in accordance with the Act. 
  
 SECTION 9.18. Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in
any other Loan Document, the Administrative Agent is hereby irrevocably authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 9.8) to take any action requested by the
Borrower having the effect of releasing any Collateral or guarantee obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Loan Document or that has been consented to in accordance with
Section 9.8 or (ii) under the circumstances described in paragraph (b) below. 
  
 (b) At such time as the Loans, the Reimbursement Obligations and the other obligations under the Loan Documents (other than obligations under or in respect of Hedging Agreements) shall have been paid in full, the
Commitments have been terminated and no Letters of Credit shall be outstanding, the Collateral shall be released from the Liens created by the Security Documents, and the Security Documents and all obligations (other than those expressly stated to
survive such termination) of the Administrative Agent and each Loan Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any person. 
  

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 (c) Upon the occurrence of a Release of Collateral Event and provided that no Default or Event of Default
shall have occurred and be continuing, the Lenders agree, upon the request of and at the expense of the Borrower, to take such action as is necessary to release all Collateral other than Collateral consisting of Equity Interests of the Borrower (if
applicable) and its subsidiaries; provided, however, that if such Release of Collateral Event ceases to be continuing and in effect at any time, the Required Lenders or the Administrative Agent may require first priority security
interests on the same categories of Collateral that was previously released, such security interests to be created and perfected within 30 days of notice from the Required Lenders or the Administrative Agent to the Borrower. The Lenders hereby
authorize the Administrative Agent to execute and deliver such documentation or to take such other action as is necessary to give effect to this Section 9.18. 
  
 SECTION 9.19. 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 Reimbursement 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, Reimbursement Obligations and all other Obligations 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 Issuing Bank and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Bank and the Administrative Agent and their respective agents
and counsel and all other amounts due the Lenders, the Issuing Bank and the Administrative Agent under Sections 2.5 and 9.5) 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 Issuing Bank 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 Issuing Bank, 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 2.5 and 9.5. 
  
 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 Issuing Bank 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. 
  
 SECTION 9.20. Original Credit Agreement Superseded. As set forth in
Section 1.6, the Original Credit Agreement is superseded by this Agreement, which has been executed in renewal, amendment, restatement and modification, but not in novation or extinguishment of, the obligations under the Original Credit
Agreement. 
  
 [remainder of page intentionally blank] 

 

 93 

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

					
	 KNOLL, INC.

			
	by 	 	 	 	/s/    BARRY L.
MCCABE        
	 	 	 Name:
	 	Barry L. McCabe
	 	 	 Title:
	 	Sr. V.P. & CFO
	
	UBS SECURITIES LLC, as Syndication Agent and as an Arranger
			
	by 	 	 	 	/s/    SHAW
KASSAB        
	 	 	 Name:
	 	Shaw Kassab
	 	 	 Title:
	 	Director
			
	by 	 	 	 	/s/    WARREN L.
JERVEY        
	 	 	 Name:
	 	Warren L. Jervey
	 	 	 Title:
	 	Director
	
	 UBS LOAN FINANCE LLC, as a Lender

			
	by 	 	 	 	/s/    WILFRED V.
SAINT        
	 	 	 Name:
	 	Wilfred V. Saint
	 	 	 Title:
	 	Director
			
	by 	 	 	 	/s/    JOSELIN
FERNANDES        
	 	 	 Name:
	 	Joselin Fernandes
	 	 	 Title:
	 	Associate Director
	
	BANK OF AMERICA, N.A., individually as a Lender, as Swingline Lender and as Administrative Agent
			
	by 	 	 	 	/s/    CHARLES R.
DICKERSON        
	 	 	 Name:
	 	Charles R. Dickerson
	 	 	 Title:
	 	Managing Director
	
	BANC OF AMERICA SECURITIES LLC, as an Arranger
			
	by 	 	 	 	/s/    PETER C.
HALL        
	 	 	 Name:
	 	Peter C. Hall
	 	 	 Title:
	 	Managing Director

					
	UBS AG, STAMFORD BRANCH, as an Issuing Bank
			
	by 	 	 	 	/s/    WILFRED V. SAINT        
	 	 	 Name:
	 	Wilfred V. Saint
	 	 	 Title:
	 	Director
			
	by 	 	 	 	/s/    JOSELIN FERNANDES        
	 	 	 Name:
	 	Joselin Fernandes
	 	 	 Title:
	 	Associate Director
	
	CITIBANK, F.S.B., individually and as a Co-Documentation Agent
			
	by 	 	 	 	/s/    CHRISTOPHER WEBB        
	 	 	 Name:
	 	Christopher Webb
	 	 	 Title:
	 	Senior Vice President
	
	MANUFACTURERS AND TRADERS TRUST COMPANY, individually and as a Co-Documentation Agent
			
	by 	 	 	 	/s/    BRIAN J. SOHOCKI        
	 	 	 Name:
	 	Brian J. Sohocki
	 	 	 Title:
	 	Assistant Vice President
	
	HARRIS N.A., individually and as a Co-Documentation Agent
			
	by 	 	 	 	/s/    THAD RASCHE        
	 	 	 Name:
	 	Thad Rasche
	 	 	 Title:
	 	Vice President

  

 2Amendment #1 to Agreement and Plan of Merger

 Exhibit 10.24 
  
 AMENDMENT NO. 1 
  
 TO 
  
 AGREEMENT AND PLAN OF MERGER 
  
 This Amendment No. 1 to Agreement and Plan of Merger (this “Amendment”) is made and entered into as of September 30, 2005 by and among Concentra Operating Corporation, a Nevada corporation
(“Buyer”), Island Acquisition Corp., a Delaware corporation and a wholly owned subsidiary of Buyer (“Buyer Sub”), and Beech Street Corporation, a Delaware corporation (“Beech”), as an amendment to
the Agreement and Plan of Merger (the “Merger Agreement”) dated as of August 2, 2005, by and among Buyer, Buyer Sub and Beech. The parties hereto are sometimes hereinafter referred to collectively as the
“Companies.” Buyer Sub and Beech are sometimes hereinafter referred to collectively as the “Constituent Corporations,” or individually as a “Constituent Corporation.” 
  
 RECITALS 
  
 WHEREAS, the Companies previously entered into the Merger Agreement, which provides for Buyer Sub to be merged with and into
Beech, with Beech being the surviving corporation in such Merger. 
  
 WHEREAS, the Companies wish to amend the Merger Agreement in accordance with the terms hereof. 
  
 WHEREAS, the stockholders of Beech have approved this Amendment. 
  

NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 
  
 AMENDMENT 
  
 1. Capitalized terms in this Amendment and not otherwise defined shall have the meaning given them in the Merger Agreement.

  
 2. Section 3.1(c) the Merger Agreement is hereby
deleted and amended in its entirety to read as follows: 
  
 “(c) Each share of Beech Series A voting common stock, $0.001 par value, outstanding immediately prior to the Effective Time (taking into account any shares, warrants or options that are vested or accelerated as a result of the Merger
or the transactions contemplated hereby and exercised immediately prior to the Merger, but other than shares held by Beech, Buyer, Buyer Sub or any other subsidiary of Buyer or Beech, which shall be canceled as set forth in 

 Section 3.1(b) above) (“Series A Shares”) and each share of Beech Series B
nonvoting common stock, $0.001 par value, outstanding immediately prior to the Effective Time (taking into account any shares, warrants or options that are vested or accelerated and exercised as a result of the Merger or the transactions
contemplated hereby and exercised immediately prior to the Merger, but other than Series B Shares held by Beech, Buyer, Buyer Sub or any other subsidiary of Buyer or Beech, which shall be canceled as set forth in Section 3.1(b) above)
(“Series B Shares,” and together with the Series A Shares, the “Shares,”) shall, by virtue of the Merger and without any action on the part of the holder thereof, be converted into the right to receive an aggregate
amount in cash equal to (x) the Purchase Price plus the total amount of all exercise or conversion prices of the Option Shares held by the Former Optionholders (the “Aggregate Strike Price”) and less the Beech Merger Fees, (y)
divided by the sum of (i) the number of Series A Shares, plus (ii) the number of Series B Shares, plus (iii) the number of Option Shares terminated and cancelled in accordance with Section 3.2(b) below, such amount payable to the holder
thereof, without interest thereon, upon the surrender of the certificate formerly representing such Share and the submission of a Letter of Transmittal (as defined in Section 3.3(a)) corresponding to such Share in accordance with Section
3.3 of this Agreement; provided that an amount equal to seven and one-half percent (7.5%) of the Purchase Price (the “Indemnification Escrow Payment”) shall be held by an escrow agent to be mutually agreed by the parties (the
“Escrow Agent”) as provided for in Section 10.1(c) hereof.” 
  
 3. Section 3.2 the Merger Agreement is hereby deleted and amended in its entirety to read as follows: 
  
 “3.2 Treatment of Stock Options and Warrants. 
  
 (a) Except as set forth in Section 3.2(b) below, Beech shall cause all issued and outstanding warrants, options or other similar rights (the
“Options”) to acquire shares or capital stock or other equity securities of Beech (the “Option Shares”) to be canceled, exercised or terminated as of the Closing Date and immediately prior to the Effective Time.
Buyer is not assuming or replacing any Options that have been granted or assumed by Beech under the Beech Street Corporation 1999 Stock Incentive Plan (the “1999 Stock Plan”), the Beech Street Corporation 1994 Restated Stock
Incentive Plan (the “1994 Stock Plan”), the 1998 Stock Option Plan of Capp Care, Inc. (the “1998 Stock Plan”), the Capp Care, Inc. 1988 Stock Option Plan and 1988 Nonstatutory Stock Option Plan (the “1988
Stock Plan”), or otherwise (the 1999 Stock Plan, the 1994 Stock Plan, the 1998 Stock Plan and the 1988 Stock Plan collectively referred to herein as, the “1999 Stock Plan”). 
  
 (b) Each holder of Options (“Optionholder”) who has not
elected to exercise his or her Options prior to the Effective Time and who enters into an option cancellation and net cash payment agreement, in the form of Exhibit “B” hereto, prior to the Effective Time (the “Cancellation
Agreement” and such Optionholder executing a Cancellation Agreement, a “Former Optionholder”), shall be entitled 
  

 -2- 

 to receive at the Effective Time, for each Option Share, whether vested or unvested, exercisable or
unexercisable, the amount equal to the difference between (i) such Former Optionholder’s pro rata portion of the Purchase Price (less the Beech Merger Fees) calculated as if such Former Optionholder had exercised his or her Options for such
Option Shares immediately prior to the Effective Time, and (ii) the exercise or conversion price for that Option Share pursuant to the agreement covering the Option (the “Strike Price”); provided that such Former Optionholder’s
pro rata portion of the Indemnification Escrow Payment shall be held by the Escrow Agent as provided for in Section 10.1(c) hereof and subject to any applicable amounts required to be withheld by an employer under any provision of federal,
state, local or foreign law with respect to Taxes (as defined in Section 5.15(k)) (“Withholding Taxes”). Upon receipt of the executed Cancellation Agreement and immediately following the Effective Time, Buyer hereby agrees to
cause the Former Optionholder’s pro rata portion of the Purchase Price (less the Beech Merger Fees) to be paid to the Former Optionholders via the Payment Agent less the pro rata portion of the Indemnification Escrow Payment, and less, to the
extent applicable, any Withholding Taxes.” 
  
 4. Section
3.3(a) of the Merger Agreement is hereby deleted and amended in its entirety to read as follows:  
  
 “(a) Immediately following the Effective Time, each record holder (a “Stockholder”) of any certificate or certificates representing
Shares (the “Certificates”) shall be entitled to surrender his or her Certificates to the Buyer for cancellation, together with a corresponding letter of transmittal duly executed by the relevant Stockholder in the form of
Exhibit “C” hereto (each such letter, a “Letter of Transmittal”), in exchange for the payment of such Stockholder’s pro rata portion of the Purchase Price (less the Beech Merger Fees) less his or her pro rata
portion of the Indemnification Escrow Payment less to the extent applicable any amounts required to be withheld under any provision of federal, state, local or foreign law with respect to Taxes (as defined in Section 5.15(k)), and Buyer hereby
agrees to cause the Payment Agent to pay such amount to such person at such time. If any Stockholder shall fail to surrender his or her Certificates immediately following the Effective Time in the manner prescribed in the foregoing sentence, Buyer
shall cause the Payment Agent to send to such Stockholder on or prior to the date that is six (6) months after the Closing Date notice of the Merger and instructions for use in effecting the surrender of the Certificates following the Effective
Time, and the holder of such Certificate shall be entitled to receive in exchange therefor solely such Stockholder’s pro rata portion of the Purchase Price (less the Beech Merger Fees) less his pro rata portion of the Indemnification Escrow
Payment if such escrowed amount has not already been released in accordance with this Agreement, and less to the extent applicable any amounts required to be withheld under any provision of federal, state, local or foreign law with respect to Taxes,
and such Certificate shall forthwith be canceled. No interest shall be paid or accrued for the benefit of the 
  

 -3- 

 Stockholders on the consideration payable upon the surrender of the Certificates. Notwithstanding
anything to the contrary in this Agreement, it shall be a condition of payment to any Stockholder that the Certificate surrendered by him or her shall be accompanied by a corresponding Letter of Transmittal.” 
  
 5. Section 3.6(a)(ii) of the Merger Agreement is hereby deleted and
amended in its entirety to read as follows:  
  
 “(ii) Share Certificates. Certificates, Letters of Transmittal corresponding to such Certificates, certificates representing all of the outstanding shares of stock of Beech’s subsidiaries (other than Beech Street
Corporation, a California corporation, “Beech California”) and any Cancellation Agreements executed and delivered by the Former Optionholders.” 
  
 6. Section 3.6(a)(iii) the Merger Agreement is hereby deleted and amended in its entirety to read as follows:

  
 “(iii) Resignations. Resignations of all officers and
all directors of Beech and its subsidiaries.” 
  
 7.
Section 3.6(a)(ix) of the Merger Agreement is hereby deleted in its entirety. 
  
 8. Section 3.6(b) of the Merger Agreement is hereby deleted and amended in its entirety to read as follows:  
  
 “(b) At the Closing, Buyer shall cause the Payment Agent to deliver to the Stockholders and Former Optionholders the aggregate Purchase Price, less
the Beech Merger Fees, the amount of the Indemnification Escrow Payment and any applicable Withholding Taxes, subject to and in accordance with Sections 3.2, 3.3 and 3.9.” 
  
 9. Sections 3.6(e) and 3.6(f) of the Merger Agreement are
hereby deleted and amended in their entirety to read as follows:  
  
 “(e) At the Closing, the Payment Agent shall deliver to UBS Securities LLC any portion of the fee payable under that certain Letter Agreement dated May 1, 2005, between Beech and UBS Securities LLC, that was not
previously paid by Beech or by Buyer on Beech’s behalf pursuant to Section 3.9(b). 
  
 (f) At the Closing, the Payment Agent shall deliver to Morrison & Foerster LLP and Ropes & Gray LLP all amounts payable with respect to services through the Closing Date that have not previously been paid by
Beech or by Buyer on Beech’s behalf pursuant to Section 3.9(b).” 
  
 10. Section 3.6 of the Merger Agreement is hereby amended to add the following:  
  
 “(g) Copies of resolutions of the meeting of stockholders of Beech (or written consent in lieu thereof), certified by a Secretary, Assistant
Secretary or other appropriate officer of Beech, approving payments subject to 280(g) of the Code that constitute excess parachute payments, that complies with U.S. Treasury regulation section 1.280(g)-1 Q&A 7.” 
  

 -4- 

 11. Section 3.8 of the Merger Agreement shall be amended to replace each instance of
“Stockholders” with “Stockholders and Former Optionholders”. 
  
 12. The following shall be added as Section 3.9 of the Merger Agreement: 
  
 “3.9. Payment Agent. 
  
 (a) Prior to the Effective Time, Buyer shall designate a bank or trust company reasonably satisfactory to Beech to act as agent (the “Payment
Agent”) for the Stockholders and Former Optionholders in connection with the Merger. Immediately prior to the Effective Time, Buyer shall deposit, or cause to be deposited, in trust with the Payment Agent, (i) cash in the aggregate amount
sufficient for the payment of the Purchase Price, less any applicable Withholding Taxes (such amounts, the “Net Consideration”), and (ii) the Indemnification Escrow Payment which shall be deposited by the Payment Agent with the
Escrow Agent. 
  
 (b) As soon as reasonably practicable after
Buyer’s deposit of the Net Consideration pursuant to Section 3.9(a), the Payment Agent shall distribute the Net Consideration in the following manner and in the following order: 
  
 (i) First, the Payment Agent shall pay the following fees
(collectively, the “Beech Merger Fees”), in each case solely in the amounts, and pursuant to the payment instructions, as notified by Beech to Buyer and the Payment Agent at least one (1) business day prior to the Closing (which
payments shall include payments to Beech in respect of Beech’s prior payment of any Beech Merger Fees): (A) the fee set forth in Section 3.6(e); (B) the fees set forth in Section 3.6(f); (C) any fees related to HSR filings and
consents not previously paid and the responsibility of Beech; (D) fees for the services of PricewaterhouseCoopers LLP to Beech through the Closing Date; and (E) the bonuses to be paid in the amounts and to the recipients identified on Schedule
3.9; 
  
 (ii) Second, the Payment Agent shall
deliver the Deferred Amounts (as defined in Section 7.8 below) to a trustee designated by Beech to act as trustee for the benefit of the recipients indicated in the Schedule delivered to Buyer pursuant to Section 7.8; and 

 
 (iii) Third, the Payment Agent shall pay all amounts due
to the Stockholders and Former Optionholders in accordance with the procedures, terms and conditions set forth in Sections 3.2 and 3.3 of the Merger Agreement. 
  

 -5- 

 (c) For the avoidance of doubt, the Companies’ use of the Purchase Price to pay the bonuses
described in Section 3.9(b)(i)(E) shall not be deemed to be a breach by Beech of Sections 6.1, 6.3 or 6.9. 
  
 (d) Buyer shall be responsible for (i) payment of the fees and expenses of the Payment Agent and Escrow Agent, and (ii) withholding and remittance of the
Withholding Taxes of the Compensation Recipients set forth on the schedule delivered to Buyer pursuant to Section 7.8.” 
  
 13. Section 6.1(e) of the Merger Agreement is hereby deleted and amended in its entirety to read as follows: 
  
 “Notwithstanding anything to the contrary herein, Beech shall be
permitted to take the following actions: (i) pay cash dividends (subject to Section 6.9); (ii) terminate the consulting arrangement with Mulberry Street; (iii) terminate the lease of office space at 577 Mulberry Street, North Georgia; (iv)
terminate or transfer the Aircraft Lease Agreement N620S between Key Corporate Capital, Inc. and Beech Street Corporation, dated December 4, 2003 (the “Airplane Lease”); and (v) change its tax status as contemplated by Section
7.9(a).” 
  
 14. The following shall be added to the last
sentence of Section 6.3 of the Merger Agreement: 
  
 “; provided further, however, the parties acknowledge that Buyer and Beech have granted certain Optionholders the right to participate in the proceeds from the Merger pursuant to Section 3.2(b) above.” 
  
 15. Section 6.9 of the Merger Agreement is hereby deleted and amended
in its entirety to read as follows: 
  
 “6.9 Debt
Payment 
  
 As of the Closing (taking into account the
payments to be made under Sections 3.6(e) and (f)), Beech shall have cash and cash equivalents equal to or in excess of all Debt. “Debt” means, without duplication, the aggregate amount of (i) all indebtedness of Beech or any of the
subsidiaries (including the principal amount thereof or, if applicable, the accreted amount thereof and the amount of accrued and unpaid interest thereon), whether or not represented by bonds, debentures, notes or other securities or similar
instruments for borrowed money, (ii) all obligations of Beech or any of the subsidiaries to pay rent or other payment amounts under a lease of real or personal property that is classified as a capital lease, (iii) all conditional sale obligations of
and all obligations under any title retention agreements of Beech or any of the subsidiaries, (iv) any payment obligation of Beech or any of the subsidiaries under any interest rate swap agreement, forward rate agreement, interest rate cap or collar
agreement or other financial agreement or arrangement entered into for the purpose of limiting or 
  

 -6- 

 managing interest rate risks, (v) all indebtedness for borrowed money secured by any lien existing on
property owned by Beech or any of the subsidiaries, whether or not indebtedness secured thereby shall have been assumed, (vi) all guaranties, endorsements, assumptions and other contingent obligations of Beech or any of the subsidiaries in respect
of, or to purchase or to otherwise acquire, indebtedness for borrowed money of others the repayment of which is guaranteed by Beech or any of the subsidiaries, (vii) all other short-term and long-term liabilities of Beech or any of the subsidiaries
for borrowed money, (viii) all change of control payments, bonuses or severance payments (whether evidenced by written agreement or otherwise) that are accelerated or owed as a result of the Merger or the consummation of the transactions
contemplated hereby (excluding any amounts attributable to termination by Buyer or the Surviving Corporation of any person following the Merger), (ix) all payments owed for bonuses and sales commissions accrued by Beech or any of its subsidiaries as
of the Closing Date but unpaid; (x) all Discretionary Bonuses evidenced in writing and owed to any Beech Employee but unpaid as of the Closing Date; (xi) any checks issued by Beech that have not cleared by the disbursing bank on or prior to the
Closing Date; and (xii) all premiums, penalties and change of control payments required to be paid or offered in respect of any of the foregoing as a result of the consummation of the transactions contemplated by this Agreement, other than any such
premiums, penalties and payments owed to Bill Hale under the Bill Hale Employment Agreement. “Discretionary Bonus” means any type of bonus that has been paid, within the discretion of Beech, to any Beech Employee in any of the past
four (4) years.” 
  
 16. Article VII of the Merger
Agreement shall be amended to add the following: 
  
 “7.8
Additional Information 
  
 On or prior to the date that is
one (1) business day prior to the Closing Date, Beech shall provide Buyer with a true and accurate schedule containing the following information regarding each of the Stockholders and Former Optionholders : (a) name; (b) address; (c) number of
Shares held (as applicable); (d) number of Options held (as applicable); (e) the Strike Price for each group of Options held (as applicable); (f) the pro rata portion of Net Consideration payable to such person pursuant to Section 3.2 in
respect of Options (as applicable); (g) the pro rata portion of Net Consideration payable to such person pursuant to Section 3.1 in respect of Shares (as applicable); (h) the deferred compensation amounts of the Former Optionholders and
recipients set forth in Schedule 3.9 (collectively, the “Compensation Recipients”); and (i) the amount of Withholding Taxes for each Compensation Recipient. 
  
 7.9 Taxes 
  
 (a) Termination of S Corporation Status 
  

(i) Beech shall take all action necessary to cause Beech (i) to cease to be an S corporation (within the meaning of Sections 1361 and
1362 of the 
  

 -7- 

 Code) effective September 29, 2005 and (ii) to become a C corporation (as defined in Section 1361 of the
Code) beginning September 30, 2005 through the Closing Date. 
  
 (ii) The parties agree that the termination of the status of Beech as an S corporation as described in Section 7.9(a)(i) shall not constitute a breach by Beech of the representation, warranties or covenants set
forth in Sections 5.15(c), 5.15(f), 5.15(g), 6.1(a) or 6.1(c) of the Agreement. 
  
 (iii) Notwithstanding anything to the contrary, if Beech has not ceased to be treated as an S corporation prior to the Closing Date or is
treated as ceasing to be an S corporation only by reason of the transactions contemplated by this Agreement, (A) the parties agree that any compensation deductions incurred by the cancellation of the Options shall be properly reported on the
consolidated federal income Tax Return (and applicable foreign, state and local income Tax Returns) of Buyer for the taxable period that includes the Closing Date, and no party shall take any position inconsistent therewith in any Tax Return or Tax
proceeding, (B) the provisions of Section 7.9(b) (other than Section 7.9(b)(i)) and Section 7.9(c) shall not apply and no additional payment shall be made by Buyer in respect of such deductions or any Tax benefit derived
therefrom. 
  
 (b) Filing of Tax Returns

  
 (i) The Representative shall prepare or cause
to be prepared all federal, state, local or foreign income Tax Returns for Taxable periods ending on or prior to the Closing Date. Subject to Sections 7.9(a)(iii) or 7.9(b)(ii) and 7.9(b)(iii), whichever is applicable,
all such Tax Returns shall be prepared in a manner consistent with existing procedures and practices for preparing such Tax Returns. At least thirty (30) days prior to the due date for the filing of any such Tax Return, the Representative shall
provide a copy of such Tax Return to Buyer for Buyer’s review and comment. Buyer shall cause Beech to timely file all such Tax Returns after taking into account Buyer’s comments and shall provide a copy of such filed Tax Return to the
Representative. 
  
 (ii) The Companies agree that
any compensation deductions attributable to the cancellation of the Options pursuant to Section 3.2 shall be included in the federal income Tax Return of Beech for the Taxable period beginning on September 30, 2005 and ending as of the
Closing Date (the “Short Period”). 
  
 (iii) With respect to the federal income Tax Return of Beech for the Short Period, the parties agree that any net operating loss for such Short Period (“Short Period NOL”) shall be carried back on such Tax Return, to the
greatest extent possible, to the Taxable period of Beech ended December 31, 2004 (“2004 FIT Year”). 
  

 -8- 

 (c) Payment of Tax Refunds 
  
 (i) Within ten business days after its receipt of any Option
Refund (as defined below), the Surviving Corporation shall notify the Representative and deposit into the Indemnification Escrow an amount equal to the lesser of (A) fifty percent (50%) of such Option Refund; (B) an amount equal to the federal
taxable income of Beech allocated on IRS Schedules K-1 to the Stockholders for the taxable period beginning on January 1, 2005 and ended on September 20, 2005 (such period being the period in which Beech was an S corporation) multiplied by an
assumed federal income tax rate of twenty percent (20%); or (C) One Million Dollars ($1,000,000) (such amount, the “Option Escrow Payment”). 
  

(ii) On the Termination Date, the Escrow Agent shall distribute to the Stockholders and Former Optionholders, on a proportional basis
consistent with Section 3.1 and Section 3.2, any remaining portion of the Option Escrow Payment, plus any interest accrued on such remaining portion. 
  
 (iii) “Option Refund” shall mean the portion of any refund of federal income Tax with
respect to the 2004 FIT Year resulting from the carryback of the Short Period NOL to the extent attributable to compensation deductions incurred by Beech from the cancellation of the Options. 
  
 7.10. Paid Time Off Information. Beech shall deliver
to Buyer within fifteen (15) days following the Closing Date, a list of all employees with accrued paid time off as of the Closing, which list shall set forth how much paid time off has accrued to each such employee as of the Closing. 
  
 7.11. Beech Post-Closing Deliverables. Beech shall
use commercially reasonable efforts to promptly obtain and deliver to Buyer: (i) the stock certificate(s) representing the outstanding shares of Beech California (the “Beech California Certificate”) held by Comerica Bank; (ii) the
NYC Consent (as defined in Section 8.2(a)) within fifteen (15) days after the Closing Date; and (iii) the Good Standings (as defined in Section 8.2(a)) within (15) days after the Closing Date.” 
  
 17. Section 8.2(a) of the Merger Agreement shall be amended to add the
following to the end of the last sentence of Section 8.2(a). 
  
 “Buyer hereby waives the following conditions to Closing: (i) the third-party approval for assignment of the Lease Agreement dated as of June 11, 2001, as amended, between New 24 West 40th St. LLC and Beech (the “NYC
Consent”); (ii) obtaining good standing certificates for Healthcare Decisions International, Inc., a California corporation and Medical Data Management, a California corporation (the “Good Standings”); and (iii) delivery of
the Beech California Certificate.” 
  

 -9- 

 18. Article X of the Merger Agreement shall be amended as follows: 
  
 (a) Section 10.1(a) of the Merger Agreement is hereby deleted and
amended in its entirety to read as follows: 
  
 “(a) No
representations, warranties or agreements to be made or performed on or prior to the Closing Date and contained herein shall survive beyond the Effective Time except that (i) the agreements contained in Sections 3.1, 3.2, 3.3,
3.4, 3.5, 3.7, 3.9, 7.3, 7.4, 7.5, 7.6, 7.7, 7.9, 7.10, 7.11 and 9.2 and Articles X and XI hereof shall survive beyond the Effective Time and
(ii) the representations and warranties and other agreements of Buyer and Beech in this Agreement to be made or performed on or prior to the Closing Date shall survive beyond the Effective Time for one year following the Effective Time (the
“Termination Date”).” 
  
 (b) Section
10.1(c) of the Merger Agreement is hereby deleted and amended in its entirety to read as follows: 
  
 “(c) By a Stockholder’s vote to approve this Agreement or to surrender his or her Certificate(s) evidencing Beech shares at Closing and by a
Former Optionholder’s execution and delivery of a Cancellation Agreement to Buyer, each Stockholder (other than Stockholders who have perfected dissenter rights under the GCL) and each Former Optionholder agrees that an amount equal to seven
and one-half percent (7.5%) of the Purchase Price shall be placed in the Indemnification Escrow provided for in an Escrow Agreement to be entered into, as of the Effective Time, between Buyer, Beech and the Escrow Agent, in the form of Exhibit
“A” attached hereto. The Escrow Agent is hereby authorized from time to time to transfer all or any portion of the amounts so deposited in satisfaction of the indemnity obligation as contemplated in the Escrow Agreement.”

  
 (c) Section 10.1(d) of the Merger Agreement is hereby
deleted and amended in its entirety to read as follows: 
  
 “(d) If any Indemnitee shall have any liquidated claim of indemnification pursuant to subparagraph (b) above, it shall promptly request that Buyer give written notice thereof to the Representative (as defined in subparagraph (h) below)
and the Escrow Agent, including a brief description of the facts upon which such claim is based and the amount thereof. Any Indemnitee may also request that Buyer provide written notice to the Representative and the Escrow Agent of any unliquidated
claim of indemnification pursuant to subparagraph (b) above, including a brief description of the facts upon which such claim is based and a demand for a reserve amount to be created in respect of such claim. Any claim made by any Indemnitee for
Losses that are unliquidated shall not be paid but funds equal to such claim shall be held in the Indemnification Escrow until such Losses are fully liquidated. Notwithstanding the foregoing, no amount will be delivered to an Indemnitee pursuant to
a written claim notice (with respect to either a liquidated or unliquidated claim) pursuant to subparagraph (b) above unless and only to the extent that the aggregate amount of Losses sustained by the Indemnitees as a group and as to which written
claim notices have been given 
  

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 (other than Indemnitee’s reasonable legal fees and expenses with respect to any such claim and
Losses caused by a breach or nonfulfillment by Beech of any of its covenants, agreements, obligations, representations or warranties set forth in Sections 3.2, 5.2, 6.1(b), 6.1(c)(i)-(vii), 6.1(c)(ix), 6.3 or 6.9) exceeds One Million Dollars
($1,000,000) (taking into account any reduction of prior noticed claims resulting from the dispute resolution procedures of subparagraph (e) below) at which point the Indemnitees shall be entitled to receive the aggregate Losses in excess of One
Million Dollars ($1,000,000). Notwithstanding anything to the contrary in this Agreement, the aggregate liability of the Stockholders and Former Optionholders for Losses under the Agreement shall not exceed an amount equal to (i) seven and one-half
percent (7.5%) of the Purchase Price (plus any interest accrued thereon, plus the Option Escrow Payment and any interest accrued thereon) plus (ii), if the aggregate amount of all Losses indemnifiable by Stockholders and Former Optionholders
(including, without limitation, the aggregate amount of Indemnitee’s total reasonable legal fees and expenses related thereto) exceeds seven and one-half percent (7.5%) of the Purchase Price (plus any interest accrued thereon, plus the Option
Escrow Payment and any interest accrued thereon), the lesser of (A) the total amount of such excess, or (B) the sum of (1) the aggregate amount of Indemnitee’s reasonable legal fees and expenses and (2) all Losses caused by a breach or
nonfulfillment by Beech of any of its covenants, agreements, obligations, representations or warranties set forth in Sections 3.2, 5.2, 6.1(b), 6.1(c)(i)-(vii), 6.1(c)(ix), 6.3 or 6.9.” 
  
 (d) Sections 10.1(e), 10.1(g), 10.2, 10.5(a) and
11.1 of the Merger Agreement shall be amended to replace each instance of “Stockholders” with “Stockholders and Former Optionholders”. 
  
 (d) Section 10.1(f) of the Merger Agreement is hereby deleted and amended in its entirety to read as follows:

  
 “(f) On the Termination Date, the Escrow Agent shall
distribute to the Stockholders and Former Optionholders on a proportional basis consistent with Sections 3.1 and 3.2(b) all remaining amounts in the Indemnification Escrow (including the Option Escrow Payment) less an amount equal to
the dollar amount of all claims pursuant to subparagraph (d) above that are still in process of resolution pursuant to subparagraph (d) above. No new claims may be brought under this Section 10.1 after the Termination Date with
respect to representations and warranties to be made on or prior to the Closing Date hereunder or agreements to be performed prior to the Closing Date hereunder.” 
  
 (e) Section 10.1(h) and the paragraph following Section 10.1(h) are hereby deleted and amended in their entirety to
read as follows: 
  
 “(h) As of the Effective Time of the
Merger, (i) the Stockholders shall, by virtue of the approval of this Agreement by the requisite vote of the Stockholders, and (ii) the Former Optionholders shall, by virtue of their execution and delivery of 
  

 -11- 

 the Cancellation Agreement to Buyer, be deemed, for themselves and their heirs and representatives and
successors, to have constituted and appointed, effective from the Effective Time, Norman H. Werthwein, as their agent and attorney-in-fact (the “Representative”) to take all action required or permitted under the Indemnification Escrow as
provided in the Escrow Agreement or herein with respect to the interests and rights of the Stockholders and Former Optionholders. In the event of the death, physical or mental incapacity or resignation of the Representative a replacement
Representative shall be appointed as provided in the Escrow Agreement. 
  
 In taking any action whatsoever hereunder, the Representative shall be protected in relying upon any notice, paper or other document reasonably believed by him to be genuine, or upon any evidence reasonably deemed by
them to be sufficient. The Representative may consult with counsel in connection with his duties hereunder and shall be fully protected in any act taken, suffered or permitted by him in good faith or in accordance with the advice of counsel. The
Representative shall not be liable to the Stockholders or Former Optionholders for the performance of any act or the failure to act so long as he acted or failed to act in good faith within what he reasonably believed to be the scope of his
authority and for a purpose which he reasonably believed to be in the best interests of the Stockholders and Former Optionholders.” 
  
 19. Section 5.2 of the Beech Street Corporation Disclosure Schedules shall be modified to add the following: 
  
 “Beech Street Corporation, a California corporation 1,000 shares”

  
 20. Schedule 5.9 of the Beech Street Corporation Disclosure
Schedules shall be modified to add the following: 
  
 “Beech Street Corporation 1999 Stock Incentive Plan 
  
 Beech Street Corporation 1994 Restated Stock Incentive Plan 
  
 Capp Care, Inc. 1988 Stock Option Plan and 1988 Nonstatutory Stock Option Plan 
  
 1998 Stock Option Plan of Capp Care, Inc.” 
  
 21. Exhibits “B” and “C,” and Schedule 3.9, to this Amendment shall be added to the Merger Agreement as Exhibits “B” and “C,” and Schedule
3.9, thereto. 
  
 22. Except as otherwise provided in this
Amendment, the Merger Agreement shall remain in full force and effect. 
  

 -12- 

 23. This Amendment may be executed in one or more counterparts, all of which shall be considered one and
the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party, it being understood that all parties need not sign the same counterpart. 
  
 [Remainder of the page left intentionally blank.] 
  

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 IN WITNESS WHEREOF, each Company has caused this Agreement to be executed on its behalf by its officers
thereunto duly authorized, all as of the date first above written. 
  

			
	CONCENTRA OPERATING CORPORATION,
	 a Nevada corporation

		
	 By:
	 	 /s/ Richard A. Parr II

	 Name:
	 	 Richard A. Parr II

	 Title:
	 	 Executive Vice President

	
	ISLAND ACQUISITION CORP.,
	 a Delaware corporation

		
	 By:
	 	 /s/ Richard A. Parr II

	 Name:
	 	 Richard A. Parr II

	 Title:
	 	 Executive Vice President

	
	BEECH STREET CORPORATION,
	 a Delaware corporation

		
	 By:
	 	 /s/ William E. Hale

	 Name:
	 	 William E. Hale

	 Title:
	 	 President & CEO

  

 -14-

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