Document:

exv4w2

 

Exhibit 4.2

AMENDMENT NO. 1 TO CREDIT AGREEMENT

     This Amendment No. 1 to the Credit Agreement, dated as of June 29, 2006,
among U.S. Concrete, Inc., a Delaware corporation (the “Borrower”), the Lenders (as
defined below), the Issuers (as defined below) and Citicorp north america, Inc., as agent
for the Lenders and the Issuers and as agent for the Secured Parties under the Collateral Documents
(in such capacity, the “Administrative Agent”); Bank of America, N.A., in its capacity as
syndication agent for the Lenders and the Issuers (the “Syndication Agent”) and JPMorgan Chase
Bank, in its capacity as documentation agent for the Lenders and the Issuers (the
“Documentation Agent”).

Preliminary Statements

     Capitalized terms defined in the Credit Agreement (as defined below) and not otherwise defined
in this Amendment are used herein as therein defined.

     The Borrower, the Lenders, the Issuers, the Administrative Agent, the Syndication
Agent and the Documentation Agent are parties to that certain Credit Agreement dated as of March
12, 2004 (as the same has been amended, supplemented or otherwise modified from time to time until
the date hereof, the “Credit Agreement”).

     The Borrower has requested that the Lenders consent to the making of a loan by the Borrower to
an unrelated third party in an aggregate principal amount not to exceed $33 million.

     The Lenders have agreed to consent to the making of such loan upon the terms and conditions
set forth herein.

     The parties hereto agree to amend the Credit Agreement on the terms and subject to the
conditions set forth in this Amendment as follows:

     SECTION 1. Amendments. Subject to the satisfaction of the conditions precedent set
forth in Section 2 hereof, the Credit Agreement is hereby amended as follows:

     (a) Section 1.1 (Defined Terms) of the Credit Agreement is hereby amended by inserting the
following definitions among the existing definitions set forth in such section in alphabetical
order:

          “Atlas” means Atlas Investments, Inc., a Nevada corporation.

          “Atlas Loan” means a loan by the Borrower to Atlas, in an aggregate principal amount
not to exceed $33,000,000, which loan shall be evidenced by the Atlas Loan Documents and
secured by a first priority security interest in all of the Atlas Stock and the proceeds
thereof.

          “Atlas Loan Document” means, collectively, each loan agreement, promissory note,
security agreement, pledge agreement and/or other instrument, document, agreement or
certificate executed and delivered by Atlas and any of its Affiliates in connection with the
Atlas Loan, each of which shall be in form and substance satisfactory to the Administrative
Agent.

 

 

          “Atlas Stock” means the Stock of each of Atlas, Alberta Investments, Inc., a Texas
corporation, Redi-Mix Management, Inc., a Texas corporation, and Ingram Enterprises
Management, Inc., a Texas corporation.

     (b) Section 8.3 (Investments) of the Credit Agreement is hereby amended by (i) deleting the
phrase “and” after the semi-colon in clause (h) thereof, (ii) deleting the period appearing at the
end of clause (i) thereof and substituting the phrase “; and” therefor and (iii) adding the
following as new clause (j) thereof:

     “(j) the Borrower may make the Atlas Loan (and may subsequently acquire the Atlas Stock
as a result of any foreclosure of the Atlas Stock under the Atlas Loan Documents, it being
acknowledged and agreed that the acquisition of any Atlas Stock and the subsequent ownership
by the Borrower or any of its Subsidiaries thereof shall not result in a Default or Event of
Default so long as the issuers of the Atlas Stock become Subsidiary Guarantors hereunder in
accordance with the terms of this Agreement).”

     (c) The following new Section 8.18 shall be added to Article VIII (Negative Covenants):

     “Section 8.18 Atlas Loan Documents

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, change, amend, waive
or otherwise modify the terms of the Atlas Loan or the Atlas Loan Documents without the prior
written consent of the Administrative Agent. The Borrower may not assign or otherwise delegate any
of its rights under the Atlas Loan Documents to any Person (other than the Administrative Agent and
the Lenders) without the prior written consent of the Administrative Agent. Furthermore, if any
default or event of default shall occur and continue under the Atlas Loan Documents, the Borrower
may exercise any of its rights or remedies under the Atlas Loan Documents and shall (a) immediately
notify the Administrative Agent thereof (including a description in reasonable detail of the nature
of such default or event of default) and (b) take all such actions as the Administrative Agent
shall reasonably request in order to enforce and preserve the Borrower’s rights and remedies under
the Atlas Loan Documents.”

     SECTION 2. Conditions to Effectiveness. This Amendment shall become effective on the
date when each of the following conditions precedent have first been satisfied (the “Effective
Date”):

     (a) the Administrative Agent shall have received counterparts of this Amendment executed by
the Borrower and the Requisite Lenders; and

     (b) the Administrative Agent shall have received from each Guarantor its duly executed and
delivered consent to this Amendment in the form attached hereto.

     SECTION 3. Conditions Subsequent. Notwithstanding anything to the contrary herein, in
the Credit Agreement or in any other Loan Document, it shall be an immediate Event of Default if
the Borrower fails to deliver to the Administrative Agent the following documents within one
Business Day after the making of the Atlas Loan:

2

 

     (c) A certificate in form and substance acceptable to the Administrative Agent and executed by
a duly authorized officer of the Borrower attaching true, correct and complete copies of all of the
Atlas Loan Documents;

     (d) The original promissory note in favor of the Borrower executed by Atlas, together with an
allonge therefor in form and substance satisfactory to the Administrative Agent and duly executed
by the Borrower in blank; and

     (e) The original Stock certificates representing all of the Atlas Stock pledged to the
Borrower under the Atlas Loan Documents, together with stock powers (or other instruments of
transfer) therefor duly executed in blank by each issuer of the Atlas Stock and in form and
substance satisfactory to the Administrative Agent.

     SECTION 4. Construction with the Loan Documents.

     (a) On and after the Effective Date, each reference in the Credit Agreement to “this
Agreement,” “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the
other Loan Documents to the Credit Agreement, shall mean and be a reference to the Credit Agreement
as amended hereby, and this Amendment and the Credit Agreement shall be read together and construed
as a single instrument. The table of contents, signature pages and list of Exhibits and Schedules
of the Credit Agreement shall be deemed modified to reflect the changes made by this Amendment.

     (b) Except as expressly amended hereby, all of the terms and provisions of the Credit
Agreement and all other Loan Documents are and shall remain in full force and effect and are hereby
ratified and confirmed, including the respective guarantees and security interests granted pursuant
to the respective Loan Documents.

     (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly
provided herein, operate as a waiver of any right, power or remedy of the Lenders, the Issuers, the
Arrangers or the Agents under any of the Loan Documents, nor constitute a waiver or amendment of
any provision of any of the Loan Documents or for any purpose except as expressly set forth herein.

     (d) This Amendment is a Loan Document.

     (e) This Amendment shall not extinguish, discharge or release the Lien or priority of any Loan
Document or any other security therefor or any guarantee thereof. The Credit Agreement and each of
the other Loan Documents shall remain in full force and effect, except as modified hereby in
connection herewith.

     SECTION 5. Governing Law. This Amendment is governed by, and shall be construed in
accordance with, the law of the State of New York.

     SECTION 6. Representations And Warranties. The Borrower hereby represents and
warrants that each of the representations and warranties made by it in the Credit Agreement, as
amended hereby, and the other Loan Documents to which it is a party, shall be true and correct in
all material respects on and as of the date hereof (other than representations and warranties in
any such Loan Document which expressly speak as of a specific date, which shall have been true and
correct in all material respects as of such specific date) and no Default or Event of Default has
occurred and is continuing as of the date hereof.

3

 

     SECTION 7. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. Signature pages may be detached from multiple separate counterparts and attached to a
single counterpart so that all signature pages are attached to the same document. Delivery of an
executed counterpart by telecopy shall be effective as delivery of a manually executed counterpart
of this Amendment.

[Signature Pages Follow]

4

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written.

	 	 	 	 	 
	 	U.S. CONCRETE, INC.

as Borrower

 	 
	 	By:  	/s/  Robert D. Hardy
 	 
	 	Name:  	Robert D. Hardy 	 
	 	Title:  	Senior Vice President and Chief

Financial Officer 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Citicorp North America, Inc., 

as Administrative Agent, Swing Loan Lender and

Lender

 	 
	 	By:  	/s/ Keith R. Gerding
 	 
	 	 	Name:  	Keith R. Gerding 	 
	 	 	Title:  	Vice President and Director 	 
	 
	 	Citibank, N.A.,

as Issuer

 	 
	 	By:  	/s/ Keith R. Gerding
 	 
	 	 	Name:  	Keith R. Gerding 	 
	 	 	Title:  	Vice President and Director 	 
	 
	 	Bank of America, N.A., as Syndication Agent

and Lender

 	 
	 	By:  	/s/ illegible
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 
	 	Branch Banking and Trust Co., as Lender 

 	 
	 	By:  	/s/ Gregory A. Drabik
 	 
	 	 	Name:  	Gregory A. Drabik 	 
	 	 	Title:  	Assistant Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Capital One, N.A., as Lender

 	 
	 	By:  	/s/ Debra H. Halling
 	 
	 	 	Name:  	Debra H. Halling 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Comerica Bank, as Lender

 	 
	 	By:  	/s/ Charles T. Johnson
 	 
	 	 	Name:  	Charles T. Johnson 	 
	 	 	Title:  	Vice President 	 

 

 

	 	 	 	 	 

CONSENT OF GUARANTORS

Dated as
of June 29, 2006

     Each of the undersigned, as a Guarantor under the Guaranty dated as of March 12, 2004 (the
“Guaranty”), and as a Loan Party under each Collateral Document to which it is a party, hereby
consents to such Amendment and hereby confirms and agrees that notwithstanding the effectiveness of
such Amendment, the Guaranty and all Liens granted by it pursuant to the Collateral Documents are,
and shall continue to be, in full force and effect and are hereby ratified and confirmed in all
respects, except that, on and after the effectiveness of such Amendment, each reference in the
Guaranty and such Collateral Documents to the “Credit Agreement”, “thereunder”, “thereof” or words
of like import shall mean and be a reference to the Credit Agreement, as amended by such Amendment.

	 	 	 	 	 
	 	American Concrete Products, Inc.

Atlas-Tuck Concrete, Inc.

Beall Industries, Inc.

Beall Management, Inc.

Central Concrete Supply Co., Inc.

Central Precast Concrete, Inc.

Ready Mix Concrete Company of Knoxville

San Diego Precast Concrete, Inc.

Sierra Precast, Inc.

Smith Pre-Cast, Inc.

U.S. Concrete On-Site,
Inc.

	 
	 	By:  	/s/  Cesar Monroy
 	 
	 	 	Name:  	Cesar Monroy 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	Eastern Concrete Materials, Inc.

Kurtz Gravel Company

Superior Materials, Inc.

Titan Concrete Industries,
Inc.

	 
	 	By:  	/s/  Cesar Monroy
 	 
	 	 	Name:  	Cesar Monroy 	 
	 	 	Title:  	Vice President & Secretary 	 

 

 

	 	 	 	 	 
	 	USC Payroll, Inc.

 	 
	 	By:  	/s/  Cesar Monroy
 	 
	 	 	Name:  	Cesar Monroy 	 
	 	 	Title:  	President & Treasurer 	 
	 
	 	Beall Concrete Enterprises, Ltd.

 	 
	 	By:  	Beall
Management, Inc.,
its General Partner
 	 
	 	 	 
	 	By:  	/s/  Cesar Monroy
 	 
	 	 	Name:  	Cesar Monroy 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	Builders’
Redi-Mix, LLC
BWB, Inc. of Michigan
Central Concrete
Corp.
Superior Concrete Materials, Inc.

	 	By:  	/s/  Donald C. Wayne
 	 
	 	 	Name:  	Donald C. Wayne 	 
	 	 	Title:  	Vice President & Secretary 	 

	 	 	 	 	 
	 	Concrete XXXII Acquisition, Inc.

Concrete XXXIII Acquisition, Inc.

Concrete XXXIV Acquisition, Inc.

Concrete XXXV Acquisition, Inc.

Concrete XXXVI Acquisition,
Inc.

	 
	 	By:  	/s/  Donald C. Wayne
 	 
	 	 	Name:  	Donald C. Wayne 	 
	 	 	Title:  	President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	USC Atlantic, Inc.

 	 
	 	By:  	/s/  Michael W. Harlan
 	 
	 	 	Name:  	Michael W. Harlan 	 
	 	 	Title:  	President & Secretary 	 
	 
	 	USC Michigan, Inc.

 	 
	 	By:  	/s/  Michael W. Harlan
 	 
	 	 	Name:  	Michael W. Harlan 	 
	 	 	Title:  	Vice President & Secretary 	 
	 
	 	USC GP, Inc.

 	 
	 	By:  	/s/  Michael W. Harlan
 	 
	 	 	Name:  	Michael W. Harlan 	 
	 	 	Title:  	Vice President 	 
	 
	 	USC Management Co., L.P.

 	 
	 	By:  	USC
GP, Inc.,
its General Partner
 	 
	 	 	 
	 	By:  	/s/  Michael W. Harlan
 	 
	 	 	Name:  	Michael W. Harlan 	 
	 	 	Title:  	Vice President 	 
	 
	 	Wyoming Concrete Industries, LLC

 	 
	 	By:  	/s/ Eugene P. Martineau
 	 
	 	 	Name:  	Eugene P. Martineau 	 
	 	 	Title:  	Vice President & Secretaryexv4w3

 

Exhibit 4.3

EXECUTION COPY

$105,000,000

AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of June 30, 2006

among

U.S. Concrete, Inc.

as Borrower

and

The Lenders and Issuers Party Hereto

and

Citicorp North America, Inc.

as Administrative Agent

and

Bank of America, N.A., 

as Syndication Agent

and

JPMorgan Chase Bank,

as Documentation Agent

* * *

Citigroup Global Markets Inc.

as Joint Book Manager and Joint Lead Arranger

and

Banc of America Securities, LLC

as Joint Book Manager and Joint Lead Arranger

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, New York 10153-0119

 

 

Table of Contents

	 	 	 	 	 
	Article I Definitions, Interpretation And Accounting Terms
	 	 	1	 
	 
	 	 	 	 
	Section 1.1 Defined Terms
	 	 	1	 
	Section 1.2 Computation of Time Periods
	 	 	37	 
	Section 1.3 Accounting Terms and Principles
	 	 	37	 
	Section 1.4 Certain Terms
	 	 	38	 
	 
	 	 	 	 
	Article II The Facilities
	 	 	39	 
	 
	 	 	 	 
	Section 2.1 The Commitments
	 	 	39	 
	Section 2.2 Revolving Credit Borrowing Procedures
	 	 	39	 
	Section 2.3 Swing Loans
	 	 	40	 
	Section 2.4 Letters of Credit
	 	 	42	 
	Section 2.5 Reduction and Termination of the Commitments
	 	 	47	 
	Section 2.6 Repayment of Loans
	 	 	47	 
	Section 2.7 Evidence of Debt
	 	 	47	 
	Section 2.8 Optional Prepayments
	 	 	49	 
	Section 2.9 Mandatory Prepayments
	 	 	49	 
	Section 2.10 Interest
	 	 	51	 
	Section 2.11 Conversion/Continuation Option
	 	 	52	 
	Section 2.12 Fees
	 	 	53	 
	Section 2.13 Payments and Computations
	 	 	54	 
	Section 2.14 Special Provisions Governing Eurodollar Rate Loans
	 	 	57	 
	Section 2.15 Capital Adequacy
	 	 	58	 
	Section 2.16 Taxes
	 	 	59	 
	Section 2.17 Substitution of Lenders
	 	 	61	 
	 
	 	 	 	 
	Article III Conditions to Loans and Letters of Credit
	 	 	62	 
	 
	 	 	 	 
	Section 3.1 Conditions Precedent to Initial Loans and Letters of Credit
	 	 	62	 
	Section 3.2 Conditions Precedent to Each Loan and Letter of Credit
	 	 	66	 
	Section 3.3 Determinations of Initial Revolving Credit Borrowing Conditions
	 	 	67	 
	 
	 	 	 	 
	Article IV Representations and Warranties
	 	 	67	 
	 
	 	 	 	 
	Section 4.1 Corporate Existence; Compliance with Law
	 	 	67	 
	Section 4.2 Corporate Power; Authorization; Enforceable Obligations
	 	 	67	 
	Section 4.3 Ownership of Borrower; Subsidiaries
	 	 	68	 

i

 

Table of Contents

(Continued)

	 	 	 	 	 
	Section 4.4 Financial Statements
	 	 	69	 
	Section 4.5 Material Adverse Change
	 	 	70	 
	Section 4.6 Solvency
	 	 	70	 
	Section 4.7 Litigation
	 	 	70	 
	Section 4.8 Taxes
	 	 	70	 
	Section 4.9 Full Disclosure
	 	 	71	 
	Section 4.10 Margin Regulations
	 	 	71	 
	Section 4.11 No Burdensome Restrictions; No Defaults
	 	 	71	 
	Section 4.12 Investment Company Act; Public Utility Holding Company Act
	 	 	71	 
	Section 4.13 Use of Proceeds
	 	 	72	 
	Section 4.14 Insurance
	 	 	72	 
	Section 4.15 Labor Matters
	 	 	72	 
	Section 4.16 ERISA
	 	 	72	 
	Section 4.17 Environmental Matters
	 	 	73	 
	Section 4.18 Intellectual Property
	 	 	74	 
	Section 4.19 Title; Real Property
	 	 	74	 
	Section 4.20 Related Documents
	 	 	75	 
	 
	 	 	 	 
	Article V Financial Covenants
	 	 	75	 
	 
	 	 	 	 
	Section 5.1 Minimum Fixed Charge Coverage Ratio
	 	 	75	 
	Section 5.2 Capital Expenditures
	 	 	75	 
	 
	 	 	 	 
	Article VI Reporting Covenants
	 	 	76	 
	 
	 	 	 	 
	Section 6.1 Financial Statements
	 	 	76	 
	Section 6.2 Default Notices
	 	 	78	 
	Section 6.3 Litigation
	 	 	78	 
	Section 6.4 Asset Sales
	 	 	78	 
	Section 6.5 Notices under Related Documents
	 	 	78	 
	Section 6.6 SEC Filings; Press Releases
	 	 	78	 
	Section 6.7 Labor Relations
	 	 	79	 
	Section 6.8 Tax Returns
	 	 	79	 
	Section 6.9 Insurance
	 	 	79	 
	Section 6.10 ERISA Matters
	 	 	79	 

ii

 

Table of Contents

(Continued)

	 	 	 	 	 
	Section 6.11 Environmental Matters
	 	 	80	 
	Section 6.12 Borrowing Base Deliverables and Determination
	 	 	81	 
	Section 6.13 Customer Contracts
	 	 	82	 
	Section 6.14 Tax Reporting
	 	 	82	 
	Section 6.15 Other Information
	 	 	82	 
	 
	 	 	 	 
	Article VII Affirmative Covenants
	 	 	82	 
	 
	 	 	 	 
	Section 7.1 Preservation of Corporate Existence, Etc
	 	 	82	 
	Section 7.2 Compliance with Laws, Etc
	 	 	82	 
	Section 7.3 Conduct of Business
	 	 	83	 
	Section 7.4 Payment of Taxes, Etc
	 	 	83	 
	Section 7.5 Maintenance of Insurance
	 	 	83	 
	Section 7.6 Access
	 	 	83	 
	Section 7.7 Keeping of Books
	 	 	84	 
	Section 7.8 Maintenance of Properties, Etc
	 	 	84	 
	Section 7.9 Application of Proceeds
	 	 	84	 
	Section 7.10 Environmental
	 	 	84	 
	Section 7.11 Additional Collateral and Guaranties
	 	 	84	 
	Section 7.12 Control Accounts; Approved Deposit Accounts
	 	 	85	 
	Section 7.13 Landlord Waivers and Bailee’s Letters
	 	 	87	 
	Section 7.14 Real Property
	 	 	87	 
	 
	 	 	 	 
	Article VIII Negative Covenants
	 	 	88	 
	 
	 	 	 	 
	Section 8.1 Indebtedness
	 	 	88	 
	Section 8.2 Liens, Etc
	 	 	89	 
	Section 8.3 Investments
	 	 	90	 
	Section 8.4 Sale of Assets
	 	 	91	 
	Section 8.5 Restricted Payments
	 	 	92	 
	Section 8.6 Prepayment and Cancellation of Indebtedness
	 	 	92	 
	Section 8.7 Restriction on Fundamental Changes; Permitted Acquisitions
	 	 	93	 
	Section 8.8 Change in Nature of Business
	 	 	93	 
	Section 8.9 Transactions with Affiliates
	 	 	93	 
	Section 8.10 Limitations on Restrictions on Subsidiary Distributions; No New Negative Pledge
	 	 	94	 

iii

 

Table of Contents

(Continued)

	 	 	 	 	 
	Section 8.11 Modification of Constituent Documents
	 	 	94	 
	Section 8.12 Modification of Debt Agreements
	 	 	94	 
	Section 8.13 Accounting Changes; Fiscal Year
	 	 	94	 
	Section 8.14 Margin Regulations
	 	 	95	 
	Section 8.15 Operating Leases; Sale/Leasebacks
	 	 	95	 
	Section 8.16 No Speculative Transactions
	 	 	95	 
	Section 8.17 Compliance with ERISA
	 	 	95	 
	 
	 	 	 	 
	Article IX Events of Default
	 	 	95	 
	 
	 	 	 	 
	Section 9.1 Events of Default
	 	 	95	 
	Section 9.2 Remedies
	 	 	97	 
	Section 9.3 Actions in Respect of Letters of Credit
	 	 	98	 
	Section 9.4 Rescission
	 	 	98	 
	 
	 	 	 	 
	Article X The Administrative Agent
	 	 	98	 
	 
	 	 	 	 
	Section 10.1 Authorization and Action
	 	 	98	 
	Section 10.2 Administrative Agent’s Reliance, Etc
	 	 	99	 
	Section 10.3 Posting of Approved Electronic Communications
	 	 	100	 
	Section 10.4 The Administrative Agent Individually
	 	 	101	 
	Section 10.5 Lender Credit Decision
	 	 	101	 
	Section 10.6 Indemnification
	 	 	101	 
	Section 10.7 Successor Administrative Agent
	 	 	102	 
	Section 10.8 Concerning the Collateral and the Collateral Documents
	 	 	102	 
	Section 10.9 Collateral Matters Relating to Related Obligations
	 	 	103	 
	 
	 	 	 	 
	Article XI Miscellaneous
	 	 	104	 
	 
	 	 	 	 
	Section 11.1 Amendments, Waivers, Etc
	 	 	104	 
	Section 11.2 Assignments and Participations
	 	 	106	 
	Section 11.3 Costs and Expenses
	 	 	110	 
	Section 11.4 Indemnities
	 	 	111	 
	Section 11.5 Limitation of Liability
	 	 	112	 
	Section 11.6 Right of Set-off
	 	 	112	 
	Section 11.7 Sharing of Payments, Etc
	 	 	113	 
	Section 11.8 Notices, Etc
	 	 	113	 

iv

 

Table of Contents

(Continued)

	 	 	 	 	 
	Section 11.9 No Waiver; Remedies
	 	 	115	 
	Section 11.10 Binding Effect
	 	 	115	 
	Section 11.11 Governing Law
	 	 	115	 
	Section 11.12 Submission to Jurisdiction; Service of Process
	 	 	115	 
	Section 11.13 Waiver of Jury Trial
	 	 	116	 
	Section 11.14 Marshaling; Payments Set Aside
	 	 	116	 
	Section 11.15 Section Titles
	 	 	116	 
	Section 11.16 Execution in Counterparts
	 	 	117	 
	Section 11.17 Entire Agreement
	 	 	117	 
	Section 11.18 Confidentiality
	 	 	117	 

v

 

Table of Contents

(Continued)

Schedules

	 	 	 	 	 
	Schedule I

	 	-
	 	Commitments
	Schedule II

	 	-
	 	Applicable Lending Offices and Addresses for Notices
	Schedule III

	 	-
	 	Reserved
	Schedule IV

	 	-
	 	Reserved
	Schedule V

	 	-
	 	Local Counsel Opinions
	Schedule VI

	 	-
	 	Reserved
	Schedule 4.2

	 	-
	 	Consents
	Schedule 4.3

	 	-
	 	Capitalization
	Schedule 4.15

	 	-
	 	Labor Matters
	Schedule 4.17

	 	-
	 	Environmental Matters
	Schedule 4.19

	 	-
	 	Real Property
	Schedule 7.14

	 	-
	 	Post-Closing Matters
	Schedule 8.1

	 	-
	 	Existing Indebtedness
	Schedule 8.2

	 	-
	 	Existing Liens
	Schedule 8.3

	 	-
	 	Existing Investments

Exhibits

	 	 	 	 	 
	Exhibit A

	 	-
	 	Form of Assignment and Acceptance
	Exhibit B-1

	 	-
	 	Form of Revolving Credit Note
	Exhibit C-1

	 	-
	 	Form of Notice of Revolving Credit Borrowing
	Exhibit D

	 	-
	 	Form of Swing Loan Request
	Exhibit E

	 	-
	 	Form of Letter of Credit Request
	Exhibit F

	 	-
	 	Form of Notice of Conversion or Continuation
	Exhibit G-1

	 	-
	 	Form of Opinion of Special Counsel for the Loan Parties
	Exhibit G-2

	 	-
	 	Form of General Counsel Opinion
	Exhibit H

	 	-
	 	Form of Guaranty
	Exhibit I

	 	-
	 	Form of Pledge and Security Agreement
	Exhibit J

	 	-
	 	Form of Borrowing Base Certificate

vi

 

          Amended and Restated Credit Agreement, dated as of June 30, 2006, among
U.S. Concrete, Inc., a Delaware corporation (the “Borrower”), the Lenders (as defined
below), the Issuers (as defined below) and Citicorp north america, Inc. (“Citicorp”), as
agent for the Lenders and the Issuers and as agent for the Secured Parties under the Collateral
Documents (in such capacity, the “Administrative Agent”); Bank of America, N.A.
(“BofA”), in its capacity as syndication agent for the Lenders and the Issuers (the
“Syndication Agent”) and JPMorgan Chase Bank (“JPMorgan”), in its capacity as
documentation agent for the Lenders and the Issuers (the “Documentation Agent”).

W i t n e s s e t h:

          Whereas, the Borrower, the Lenders, the Issuers, the Administrative Agent, the
Syndication Agent and the Documentation Agent are parties to that certain Credit Agreement dated as
of March 12, 2004, as amended by that certain Amendment No. 1 dated as of June 29, 2006 (as the
same has been amended, supplemented or otherwise modified from time to time until the date hereof,
the “Existing Credit Agreement”), pursuant to which the Lenders extended a revolving credit
facility and term loan facility to the Borrower in an aggregate principal amount of $125,000,000;

          Whereas, the Borrower previously repaid the Term Loan Facility (as defined in the
Existing Credit Agreement) and increased the Revolving Credit Facility under the Existing Credit
Agreement from $100,000,000 to $105,000,000;

          Whereas, the Borrower desires that the Lenders and the Issuers agree to make certain
changes to the terms of the Existing Credit Agreement, including (a) decreasing the interest rate
margins applicable to the loans thereunder, (b) extending the scheduled termination date of the
Revolving Credit Commitments and (c) certain other changes, including consenting to the issuance of
the Additional Notes (as defined herein) in connection with the Redi-Mix Acquisition (as defined
herein);

          Whereas, the Lenders and Issuers are willing to make such changes to the Existing
Credit Agreement upon the terms and subject to the conditions set forth herein; and

          Whereas, (a) this Agreement, on the terms and subject to the conditions set forth
herein, shall amend and restate the Existing Credit Agreement in its entirety as of the Effective
Date (as defined herein), (b) this Agreement shall not constitute a novation of the obligations and
liabilities under the Existing Credit Agreement or evidence payment of all or any of such
obligations and liabilities and (c) from and after the Effective Date, the Existing Credit
Agreement shall be of no further force or effect, except to evidence the Obligations (as defined
therein) incurred, the representations and warranties made and the actions or omissions performed
or required to be performed hereunder prior to the Effective Date;

          Now, Therefore, in consideration of the premises and the covenants and agreements
contained herein, the parties hereto hereby agree that the Existing Credit Agreement is hereby
amended and restated in its entirety as follows:

 

 

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ARTICLE I

          Definitions, Interpretation And Accounting Terms

          Section 1.1 Defined Terms

          As used in this Agreement, the following terms have the following meanings (such meanings to
be equally applicable to both the singular and plural forms of the terms defined):

          “Account” has the meaning given to such term in the UCC.

          “Account Debtor” has the meaning given to such term in the UCC.

          “Additional Notes” means up to $85 million in aggregate principal amount of additional notes
issued under the terms of the New Notes Indenture, having the same terms and conditions as the New
Notes issued under the New Notes Indenture.

          “Additional Subsidiary Guarantor” means any Person who becomes a Subsidiary Guarantor after
the Closing Date.

          “Administrative Agency Fee Letter” means the amended and restated letter agreement dated as of
the Effective Date by and among the Borrower, Citicorp and CGMI, with respect to certain fees to be
paid from time to time to Citicorp.

          “Administrative Agent” has the meaning specified in the preamble to this Agreement.

          “Affected Lender” has the meaning specified in Section 2.17 (Substitution of Lenders).

          “Affiliate” means, with respect to any Person, any other Person directly or indirectly
controlling or that is controlled by or is under common control with such Person, each officer,
director, general partner or joint-venturer of such Person, and each Person that is the beneficial
owner of 15% or more of any class of Voting Stock of such Person. For the purposes of this
definition, “control” means the possession of the power to direct or cause the direction of the
management and policies of such Person, whether through the ownership of voting securities, by
contract or otherwise.

          “Agent Affiliate” has the meaning specified in Section 10.3(c) (Posting of Approved Electronic
Communications).

          “Agents” means the Administrative Agent, the Syndication Agent and the Documentation Agent.

          “Agreement” means the Existing Credit Agreement, as amended and restated by this Credit
Agreement.

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          “Applicable Lending Office” means, with respect to each Lender, its Domestic Lending Office in
the case of a Base Rate Loan, and its Eurodollar Lending Office in the case of a Eurodollar Rate
Loan.

          “Applicable Margin” means (a) during the period commencing on the Effective Date and ending on
the date falling six (6) months after the Effective Date, with respect to (i) Revolving Loans
maintained as Base Rate Loans, a rate equal to 0.50% per annum and (ii) Revolving Loans maintained
as Eurodollar Rate Loans, a rate equal to 2.00% per annum and (b) thereafter, as of any date of
determination, a per annum rate equal to the rate set forth below opposite the applicable type of
Loan and the then applicable Excess Availability (determined as of the last day of the most recent
month for which a Borrowing Base Certificate has been delivered pursuant to Section 6.12) set forth
below:

	 	 	 	 	 	 	 
	 	 	Excess	 	Eurodollar	 	Base Rate
	Level	 	Availability	 	Rate Loan	 	Loan
	I
	 	> $80 million	 	175 bps	 	25 bps
	II
	 	$40 – 80 million	 	200 bps	 	50 bps
	III
	 	$20 – 40 million	 	225 bps	 	75 bps
	IV
	 	< $20 million	 	250 bps	 	100 bps

Changes in the Applicable Margin resulting from a change in Excess Availability determined as
of the last day of any month shall become effective as to all Loans upon delivery by the Borrower
to the Administrative Agent of a Borrowing Base Certificate for such month. Notwithstanding
anything to the contrary set forth in this Agreement (including the then effective Excess
Availability), if the Borrower shall fail to deliver a Borrowing Base Certificate within the time
periods specified therefor in Section 6.12, the Applicable Margin from and after the 10th day after
such Borrowing Base Certificate was due, to but not including the date the Borrower delivers to the
Administrative Agent such Borrowing Base Certificate, shall equal the highest possible Applicable
Margin provided for by this definition.

          “Applicable Unused Commitment Fee Rate” means 0.25% per annum.

          “Appraisal” means each Updated Appraisal.

          “Approved Deposit Account” means a Deposit Account (other than an Excluded Deposit Account)
that is the subject of an effective Deposit Account Control Agreement and that is maintained by any
Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit
in a Deposit Account and all certificates and instruments, if any, representing or evidencing such
Deposit Account.

          “Approved Electronic Communications” means each notice, demand, communication, information,
document and other material that any Loan Party is obligated to, or otherwise chooses to, provide
to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein,
including (a) any supplement to the Guaranty, any joinder to the Pledge and Security Agreement and
any other written Contractual Obligation delivered or required to be delivered in respect of any
Loan Document or the transactions contemplated therein and (b) any Financial Statement, financial
and other report, notice, request, certificate and other information material; provided, however,
that, “Approved Electronic Communication” shall exclude (x) any Notice of Revolving Credit
Borrowing, Facilities Increase Notice, Letter of Credit Request, Swing Loan Request, Notice of
Conversion or Continuation, and any other

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notice, demand, communication, information, document and
other material relating to a request for a new, or a conversion of an existing, Revolving Credit
Borrowing, (ii) any notice pursuant to Section 2.8 (Optional Prepayments) and Section 2.9
(Mandatory Prepayments) and any other notice relating to the payment of any principal or other
amount due under any Loan Document prior to the scheduled date therefor, (iii) all notices of any
Default or Event of Default and (iv) any notice, demand, communication, information, document and
other material required to be delivered to satisfy any of the conditions set forth in Article III
(Conditions to Loans and Letters of Credit) or Section 2.4(a) (Letters of Credit) or any other
condition to any Revolving Credit Borrowing or other extension of credit hereunder or any condition
precedent to the effectiveness of this Agreement.

          “Approved Electronic Platform” has the meaning specified in Section 10.3(a) (Posting of
Approved Electronic Communications).

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

          “Approved Securities Intermediary” means a Securities Intermediary or Commodity Intermediary
selected or approved by the Administrative Agent.

          “Arrangers” means each of CGMI and BAS, in their respective capacities as joint lead arrangers
and joint book runners.

          “Asset Sale” has the meaning specified in Section 8.4 (Sale of Assets).

          “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an
Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of Exhibit A
(Form of Assignment and Acceptance).

          “Atlas” means Atlas Investments, Inc., a Nevada corporation.

          “Atlas Loan” means a loan by the Borrower to Atlas, in an aggregate principal amount not to
exceed $33,000,000, which loan shall be evidenced by the Atlas Loan Documents and secured by a
first priority security interest in all of the Atlas Stock and the proceeds thereof.

          “Atlas Loan Document” means, collectively, each loan agreement, promissory note, security
agreement, pledge agreement and/or other instrument, document, agreement or certificate executed
and delivered by Atlas and any of its Affiliates in connection with the Atlas Loan, each of which
shall be in form and substance satisfactory to the Administrative Agent.

          “Atlas Stock” means the Stock of each of Atlas, AII, Redi-Mix Management, Inc., a Texas
corporation, and Ingram Enterprises Management, Inc., a Texas corporation.

          “Availability Reserve” means, effective (a) immediately, if a Default or Event of Default has
occurred and is continuing or (b) otherwise, as of 3 Business Days after the date of written notice
of any determination thereof to the Borrower by the Administrative Agent (which such notice shall
provide reasonable detail for the basis of the implementation of such reserve), such amounts
(without duplication) as the Administrative Agent may from time to time establish against the
Revolving Credit Facility, in the Administrative Agent’s sole
discretion, exercised

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reasonably and
in good faith, deems appropriate in order to, preserve and protect (i) the value of the Borrowing
Base Collateral or any other material portion of the Collateral, (ii) the ability of the
Administrative Agent and the Lenders to realize such value, (iii) the Lien of the Administrative
Agent therein or (iv) the priority of the obligations owing under the Loan Documents relative to
any other liability of the Borrower or its Subsidiaries (including liabilities in respect of Cash
Management Obligations and liabilities with respect to net mark-to-market losses incurred under
Hedging Contracts).

          “Availability Threshold” means, as of any date of determination, that Available Credit equals
or exceeds $25,000,000 as of such date.

          “Available Credit” means, at any time, the result of (a) the lesser of (i) the then effective
Revolving Credit Commitments and (ii) the Borrowing Base at such time minus (b) the sum of (i) the
aggregate Revolving Credit Outstandings at such time and (ii) without duplication, any Availability
Reserve in effect at such time.

          “Bailee’s Letter” means a letter in form and substance acceptable to the Administrative Agent
and executed by any Person (other than any Borrowing Base Contributor) that is in possession of
Inventory on behalf of such Borrower Base Contributor pursuant to which such Person acknowledges,
among other things, the Administrative Agent’s Lien with respect thereto.

          “Bankruptcy Code” means title 11, United States Code.

          “BAS” means Banc of America Securities, LLC.

          “Base Rate” means, for any period, a fluctuating interest rate per annum as shall be in effect
from time to time, which rate per annum shall be equal at all times to the highest of the
following:

     (a) the rate of interest announced publicly by Citibank in New York, New York, from
time to time, as Citibank’s base rate;

     (b) the sum (adjusted to the nearest 0.25% or, if there is no nearest 0.25%, to the
next higher 0.25%) of (i) 0.5% per annum, (ii) the rate per annum obtained by dividing (A)
the latest three-week moving average of secondary market morning offering rates in the
United States for three-month certificates of deposit of major United States money market
banks, such three-week moving average being determined weekly on each Monday (or, if any
such day is not a Business Day, on the next succeeding Business Day) for the three-week
period ending on the previous Friday by Citibank on the basis of such rates reported by
certificate of deposit dealers to and published by the Federal Reserve Bank of New York or,
if such publication shall be suspended or terminated, on the basis of quotations for such
rates received by Citibank from three New York certificate of deposit dealers of recognized
standing selected by Citibank, by (B) a percentage equal to 100% minus the average of the
daily percentages specified during such three-week period by the Federal Reserve Board for
determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) for Citibank in respect of liabilities consisting of or
including (among other liabilities) three-month U.S. dollar nonpersonal time deposits in
the United States and (iii) the average during such three-week period of the maximum annual
assessment rates

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estimated by Citibank for determining the then current annual assessment
payable by Citibank to the Federal Deposit Insurance Corporation (or any successor) for
insuring Dollar deposits in the United States; and

(c) 0.5% per annum plus the Federal Funds Rate.

          “Base Rate Loan” means any Swing Loan or any other Loan during any period in which it bears
interest based on the Base Rate.

          “BofA” has the meaning specified in the preamble to this Agreement.

          “Borrower” has the meaning specified in the preamble to this Agreement.

          “Borrower’s Accountants” means PricewaterhouseCoopers LLP or other independent
nationally-recognized accountants acceptable to the Administrative Agent.

          “Borrowing Base” means, at any time, (a) the sum of (i) the product of 85% and the face amount
of all Eligible Receivables of the Borrowing Base Contributors (calculated net, without
duplication, of all finance charges, late fees and other fees that are unearned, unpaid sales,
excise or similar taxes, and credits or allowances granted at such time), (ii) the product of (x)
the product of 85% multiplied by the Orderly Liquidation Value Inventory Rate multiplied by (y) the
value of the Eligible Inventory of the Borrowing Base Contributors (valued, in each case, at the
lower of cost or market on a first-in, first-out basis) at such time and (iii) the product of 85%
of the Orderly Liquidation Value Of Eligible Trucks of the Borrowing Base Contributors at such
time, minus (b) any Eligibility Reserve then in effect and applicable to the Borrowing Base
Collateral.

          “Borrowing Base Certificate” means a certificate of the Borrowing Base Contributors
substantially in the form of Exhibit J (Form of Borrowing Base Certificate), in form and substance
satisfactory to the Administrative Agent.

          “Borrowing Base Collateral” means the Accounts, Inventory and Trucks of the Borrowing Base
Contributors other than Excluded Collateral.

          “Borrowing Base Contributors” means (a) the Borrower, (b) each Subsidiary Guarantor as of the
Closing Date and (c) with respect to any Additional Subsidiary Guarantor or any property acquired
by the Borrower or a Subsidiary Guarantor pursuant to any Permitted Acquisition), such Additional
Subsidiary Guarantor or such property, as the case may be, from and after the date upon which the
Administrative Agent has received an Appraisal and/or the results of a field examination with
regard to the Borrowing Base Collateral of such Additional Subsidiary Guarantor or such property,
as the case may be (the “Appraisal Requirement”); provided that the Appraisal Requirement need not
be met with regard to any Person or group of Persons referred to in this clause (c) to the extent
the aggregate contribution, as of any date of determination, of all such Persons to the Borrowing
Base does not exceed $5 million.

          “Business Day” means a day of the year on which banks are not required or authorized to close
in New York City and, if the applicable Business Day relates to notices, determinations, fundings
and payments in connection with the Eurodollar Rate or any Eurodollar Rate Loans, a day on which
dealings in Dollar deposits are also carried on in the London interbank market.

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          “Capital Expenditures” means, for any Person for any period, the aggregate of amounts that
would be reflected as additions to property, plant or equipment on a Consolidated balance sheet of
such Person and its Subsidiaries, excluding costs and interest capitalized during construction;
provided that such term shall not include amounts expended as a part of the consideration for, or
assets acquired in connection with, any Permitted Acquisition or obligations assumed in any
Permitted Acquisition.

          “Capital Lease” means, with respect to any Person, any lease of, or other arrangement
conveying the right to use, property by such Person as lessee that would be accounted for as a
capital lease on a balance sheet of such Person prepared in conformity with GAAP.

          “Capital Lease Obligations” means, with respect to any Person, the capitalized amount of all
Consolidated obligations of such Person or any of its Subsidiaries under Capital Leases.

          “Cash Collateral Account” means any Deposit Account or Securities Account that is (a)
established by the Administrative Agent from time to time in its sole discretion to receive cash
and Cash Equivalents (or purchase cash or Cash Equivalents with funds received) from the Loan
Parties or Persons acting on their behalf pursuant to the Loan Documents, (b) with such
depositaries and securities intermediaries as the Administrative Agent may determine in its sole
discretion, (c) in the name of the Administrative Agent (although such account may also have words
referring to the Borrower and the account’s purpose), (d) under the sole dominion and control of
the Administrative Agent and (e) in the case of a Securities Account, with respect to which the
Administrative Agent shall be the Entitlement Holder and the only Person authorized to give
Entitlement Orders with respect thereto.

          “Cash Equivalents” means (a) securities issued or fully guaranteed or insured by the United States
federal government or any agency thereof, (b) certificates of deposit, eurodollar time deposits,
overnight bank deposits and bankers’ acceptances of any commercial bank organized under the laws of
the United States, any state thereof, the District of Columbia, any foreign bank, or its branches
or agencies (fully protected against currency fluctuations) that, at the time of acquisition, are
rated at least “A-2” by S&P or “P-2” by Moody’s, (c) commercial paper of an issuer rated at least
“A-2” by S&P or “P-2” by Moody’s, (d) shares of any money market fund that (i) has at least 95% of
its assets invested continuously in the types of investments referred to in clauses (a), (b) and
(c) above or clauses (e), (f), (g) and (h) below, (ii) has net assets exceeding $500,000,000 and
(iii) is rated at least “A-2” by S&P or “P-2” by Moody’s, (e) repurchase obligations of any Lender
or of any commercial bank satisfying the requirements of clause (b) above, having a term of not
more than 30 days, with respect to securities issued or fully guaranteed or insured by the United
States government, (f) securities with maturities of one year or less from the date of acquisition
issued or fully guaranteed by any state, commonwealth or territory of the Untied States, by any
political subdivision or taxing authority of any such state, commonwealth or territory or by any
foreign government, the securities of which state, commonwealth, territory, political subdivision,
taxing authority or foreign government (as the case may be) are rated at least A by S&P or A2 by
Moody’s, (g) securities with maturities of 270 days or less from the date of acquisition backed by
standby letters of credit issued by any Lender or any commercial bank satisfying the requirements
of clause (b) above, (h) (i) commercial paper and variable and fixed rate notes issued by any
Lender or other bank or financial institution (or by the parent company of any such Person), in
each case, with a short-term commercial paper rating of at least A-2 by S&P or at least P-2 by
Moody’s and (ii) commercial paper, auction rate notes

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and variable rate notes issued by, or
guaranteed by, any industrial or financial company with a short-term commercial paper rating of at
least A-2 by S&P or at least P-2 by Moody’s or at least F-2 or the equivalent thereof by Fitch, and
in each case maturing within nine months after the date of acquisition thereof and (i) money market
funds that (i) are rated AAA by S&P and Aaa by Moody’s and (ii) have portfolio assets of at least
$5,000,000,0000; provided, however, that the maturities of all obligations of the type specified in
clauses (a), (b) and (c) above shall not exceed 180 days.

          “Cash Interest Expense” means, with respect to any Person for any period, the Interest Expense
of such Person for such period less the Non-Cash Interest Expense of such Person for such period.

          “Cash Management Document” means any certificate, agreement or other document executed by any
Loan Party in respect of the Cash Management Obligations of any Loan Party.

          “Cash Management Obligation” means, as applied to any Person, any direct or indirect
liability, contingent or otherwise, of such Person in respect of cash management services
(including treasury, depository, overdraft, credit or debit card, electronic funds transfer and
other cash management arrangements) provided after the Closing Date (regardless of whether these or
similar services were provided prior to the Closing Date by the Administrative Agent, any Lender or
any Affiliate of any of them) by the Administrative Agent, any Lender or any Affiliate of any of
them, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees
and disbursements in connection therewith.

          “CGMI” means Citigroup Global Markets Inc.

          “Change of Control” means the occurrence of any of the following: (a) any person or group of
persons (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)), other than the Permitted Holders, shall have acquired beneficial
ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the
Exchange Act) of 35% or more of the issued and outstanding voting securities within the meaning of
Rule 13d-5(b) of the Exchange Act of the Borrower, (b) the Permitted Holders shall have acquired
beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission
under the Exchange Act) of more than 50% of the issued and outstanding voting securities within the
meaning of Rule 13d-5(b) of the Exchange Act of the Borrower (c) during any period of twelve
consecutive calendar months commencing from and after the Closing Date, individuals who, at the
beginning of such period, constituted the board of directors of the Borrower (together with any new
directors whose election by the board of directors of the Borrower or whose nomination for election
by the stockholders of the Borrower was approved by a vote of at least a majority of the directors
then still in office who either were directors at the beginning of such period or whose elections
or nomination for election was previously so approved) cease for any reason other than death or
disability to constitute a majority of the directors then in office or (d) any “Change of Control”
under, and as defined in, any Indenture which is then in effect.

          “Citibank” means Citibank, N.A., a national banking association.

          “Citicorp” has the meaning specified in the preamble to this Agreement.

          “Closing Date” means March 12, 2004.

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

          “Collateral” means all property and interests in property and proceeds thereof now owned or
hereafter acquired by any Loan Party in or upon which a Lien is granted under any Collateral
Document, but in any event, excluding the Excluded Collateral.

          “Collateral Documents” means the Pledge and Security Agreement, the Deposit Account Control
Agreements, the Securities Account Control Agreements and any other document executed and delivered
by a Loan Party granting a Lien on any of its property (other than real estate interests) to secure
payment of the Secured Obligations.

          “Commodity Account” has the meaning given to such term in the UCC.

          “Commodity Intermediary” has the meaning given to such term in the UCC.

          “Compliance Certificate” has the meaning specified in Section 6.1(d) (Financial Statements).

          “Confidential Information Memorandum” means the information package dated February 27, 2004
and distributed to potential Lenders.

          “Consolidated” means, with respect to any Person, the consolidation of accounts of such Person
and its Subsidiaries in accordance with GAAP.

          “Consolidated Net Income” means, for any Person for any period, the Consolidated net income
(or loss) of such Person and its Subsidiaries for such period; provided, however, that (a) the net
income of any other Person in which such Person or one of its Subsidiaries has a joint interest
with a third party (which interest does not cause the net income of such other Person to be
Consolidated into the net income of such Person) shall be included only to the extent of the amount
of dividends or distributions paid to such Person or Subsidiary, (b) the net income of any
Subsidiary of such Person that is subject to any restriction or limitation on the payment of
dividends or the making of other distributions shall be excluded to the extent of such restriction
or limitation and (c) extraordinary gains and losses and any one-time increase or decrease to net
income that is required to be recorded because of the adoption of new accounting policies,
practices or standards required by GAAP shall be excluded.

          “Constituent Documents” means, with respect to any Person, (a) the articles of incorporation,
certificate of incorporation, constitution or certificate of formation (or the equivalent
organizational documents) of such Person, (b) the by-laws or operating agreement (or the equivalent
governing documents) of such Person and (c) any document setting forth the manner of election and
duties of the directors or managing members (or any equivalent managers) of such Person (if any)
and the designation, amount or relative rights, limitations and preferences of any class or series
of such Person’s Stock.

          “Contaminant” means any material, substance or waste that is classified, regulated or
otherwise characterized under any Environmental Law as hazardous, toxic, a contaminant or a
pollutant or by other words of similar meaning or regulatory effect, including any petroleum or
petroleum-derived substance or waste, asbestos and polychlorinated biphenyls.

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          “Contractual Obligation” of any Person means any obligation, agreement, undertaking or similar
provision of any Security issued by such Person or of any agreement, undertaking, contract, lease,
indenture, mortgage, deed of trust or other instrument (excluding a Loan Document) to which such
Person is a party or by which it or any of its property is bound or to which any of its property is
subject.

          “Control Account” means a Securities Account or Commodity Account that is the subject of an
effective Securities Account Control Agreement and that is maintained by any Loan Party with an
Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a
Securities Account or a Commodity Account and all certificates and instruments, if any,
representing or evidencing the Financial Assets contained therein.

          “Corporate Chart” means a corporate organizational chart, list or other similar document and
setting forth for each Person that is a Loan Party that is subject to Section 7.11 (Additional
Collateral and Guaranties) or that is a Subsidiary of any of them, (a) the full legal name of such
Person (and any trade name, fictitious name or other name such Person may have had or operated
under), (b) the jurisdiction of organization, the organizational number (if any) and the tax
identification number (if any) of such Person, (c) the location of such Person’s chief executive
office (or sole place of business) and (d) the number of shares of each class of such Person’s
Stock authorized (if applicable), the number outstanding as of the date of delivery and the number
and percentage of such outstanding shares for each such class owned (directly or indirectly) by any
Loan Party or any Subsidiary of any of them.

          “Covenant Commencement Date” has the meaning ascribed to it in Section 5.1 (Fixed Charge
Coverage Ratio).

          “Covenant Termination Date” means the last day of the fiscal month in which the Borrower
delivers to the Administrative Agent an officer’s certificate signed by a Responsible Officer, in
form and substance reasonably satisfactory to the Administrative Agent, demonstrating Excess
Availability of greater than $15 million for any full fiscal month following the Covenant
Commencement Date.

          “Customary Permitted Liens” means, with respect to any Person, any of the following Liens:

     (a) Liens with respect to the payment of taxes, assessments or governmental charges in
each case (i) that are not yet due or that are being contested in good faith by appropriate
proceedings and with respect to which adequate reserves or other appropriate provisions are
being maintained to the extent required by GAAP or (ii) in respect of which the aggregate
liability of such Person does not exceed $2,000,000 at any time;

     (b) Liens of landlords arising by statute and liens of suppliers, mechanics, carriers,
materialmen, warehousemen or workmen and other liens imposed by law created in the ordinary
course of business (i) for amounts not yet due or that are being contested in good faith by
appropriate proceedings and with respect to which adequate reserves or other appropriate
provisions are being maintained to the extent required by GAAP or (ii) in respect of which
the aggregate liability of such Person does not exceed $2,000,000 at any time;

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     (c) deposits made in the ordinary course of business in connection with workers’
compensation, unemployment insurance or other types of social security benefits or other
ordinary course statutory obligations or to secure the performance of bids, tenders, sales,
contracts (other than for the repayment of borrowed money) and surety, appeal, customs, bid
or performance bonds;

     (d) encumbrances arising by reason of zoning restrictions, easements, licenses,
reservations, covenants, rights-of-way, utility easements, building restrictions and other
similar encumbrances on the use of real property not materially detracting from the value
of such real property or not materially interfering with the ordinary conduct of the
business conducted and proposed to be conducted at such real property;

     (e) encumbrances arising under leases or subleases of real property that do not, in
the aggregate, materially detract from the value of such real property or interfere with
the ordinary conduct of the business conducted and proposed to be conducted at such real
property;

     (f) financing statements with respect to a lessor’s rights in and to personal property
leased to such Person in the ordinary course of such Person’s business other than through a
Capital Lease; and

     (g) solely with respect to Real Property, such other Liens, defects and encumbrances
as may be approved by the Administrative Agent.

          “Debt Issuance” means the incurrence of Indebtedness of the type specified in clause (a) or
(b) of the definition of “Indebtedness” by the Borrower or any of its Subsidiaries.

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

          “Deposit Account” has the meaning given to such term in the UCC.

          “Deposit Account Bank” means a financial institution selected or approved by the
Administrative Agent.

          “Deposit Account Control Agreement” has the meaning specified in the Pledge and Security
Agreement.

          “Designated Collateral” means certificates of title for vehicles of the Loan Parties that do
not constitute Borrowing Base Collateral.

          “Disqualified Stock” means with respect to any Person, any Stock that, by its terms (or by the
terms of any Security into which it is convertible or for which it is exchangeable), or upon the
happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation
or otherwise, or is exchangeable for Indebtedness of such Person or is redeemable at the option of
the holder thereof, in whole or in part, on or prior to the Scheduled Termination Date.

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          “Documentary Letter of Credit” means any Letter of Credit that is drawable upon presentation
of documents evidencing the sale or shipment of goods purchased by the Borrower or any of its
Subsidiaries in the ordinary course of its business.

          “Documentation Agent” has the meaning specified in the preamble to this Agreement.

          “Dollars” and the sign “$” each mean the lawful money of the United States of America.

          “Domestic Lending Office” means, with respect to any Lender, the office of such Lender
specified as its “Domestic Lending Office” opposite its name on Schedule II (Applicable Lending
Offices and Addresses for Notices) or on the Assignment and Acceptance by which it became a Lender
or such other office of such Lender as such Lender may from time to time specify to the Borrower
and the Administrative Agent.

          “Domestic Person” means any “United States person” under and as defined in Section 7701(a)(30)
of the Code.

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

          “EBITDA” means, with respect to any Person for any period, (a) Consolidated Net Income of such
Person for such period plus (b) the sum of, in each case to the extent included in the calculation
of such Consolidated Net Income but without duplication, (i) any provision for federal, state and
local income and franchise taxes, (ii) Interest Expense, (iii) loss from extraordinary items, (iv)
depreciation, depletion and amortization expenses and (v) all other non-cash charges, non-cash
impairment charges and non-cash losses for such period, including the amount of any compensation
deduction as the result of any grant of Stock or Stock Equivalents to employees, officers,
directors or consultants minus (c) the sum of, in each case to the extent included in the
calculation of such Consolidated Net Income but without duplication, (i) any credit for any
federal, state and local income and franchise tax, (ii) gains from extraordinary items for such
period and (iii) any other non-cash gains or other items which have been added in determining
Consolidated Net Income, including any reversal of a change referred to in clause (b)(v) above by
reason of a decrease in the value of any Stock or Stock Equivalent.

          “Effective Date” has the meaning specified in Section 3.1.

          “Eligibility Reserves” means, effective (a) immediately, if any Default or Event of Default
has occurred and is continuing or (b) otherwise, as of 3 Business Days after the date of written
notice of any determination thereof to the Borrower by the Administrative Agent (which such notice
shall provide reasonable detail for the basis of the implementation of such reserve), such amounts
as the Administrative Agent, in its sole discretion, exercised reasonably and in good faith, may
from time to time establish against the gross amounts of Eligible Receivables, Eligible Inventory
and/or Eligible Trucks to reflect risks or contingencies existing on or arising after the Effective
Date that are reasonably expected to affect any one or more classes of such items and that have not
already been taken into account in the calculation of the Borrowing Base or any Availability
Reserve (including, without limitation, reserves for excess dilution of Accounts of the Borrowing
Base Contributors).

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          “Eligible Assignee” means (a) a Lender or an Affiliate or Approved Fund of any Lender, (b) a
commercial bank having total assets exceeding $5,000,000,000, (c) a finance company, insurance
company or any other financial institution or Fund, in each case reasonably acceptable to the
Administrative Agent and regularly engaged in making, purchasing or investing in loans and having a
net worth, determined in accordance with GAAP, exceeding $250,000,000 (or, to the extent net worth
is less than such amount, a finance company, insurance company, other financial institution or
Fund, reasonably acceptable to the Administrative Agent and the Borrower) or (d) a savings and loan
association or savings bank organized under the laws of the United States or any State thereof
having a net worth, determined in accordance with GAAP, exceeding $250,000,000.

          “Eligible Finished Goods” means the Eligible Inventory of the Borrower that is classified,
consistent with past practice, on the Borrower’s accounting system as “finished goods”.

          “Eligible Inventory” means the Inventory of each of the Borrowing Base Contributors (other
than any Inventory that has been consigned by any such Borrowing Base Contributor) including raw
materials, work-in-process, finished goods, goods subject to an agreement providing for a
bill-and-hold arrangement (but only to the extent any Account relating thereto is not otherwise
eligible for inclusion as an Eligible Receivable), truck parts and supplies (a) that is owned
solely by such Borrowing Base Contributor or (without duplication) jointly with other Borrowing
Base Contributors, (b) with respect to which the Administrative Agent has a valid, perfected and
enforceable first-priority Lien, subject only to Customary Permitted Liens, (c) with respect to
which no representation or warranty contained in any Loan Document has been breached, (d) that is
not, in the Administrative Agent’s sole discretion, exercised reasonably and in good faith,
obsolete or unmerchantable, (e) with respect to which (in respect of any Inventory labeled with a
brand name or trademark and sold by such Borrowing Base Contributor pursuant to a trademark owned
by such Borrowing Base Contributor or a license granted to such Borrowing Base Contributor) the
Administrative Agent would have rights under such trademark or license pursuant to the Pledge and
Security Agreement or other agreement satisfactory to the Administrative Agent to sell such
Inventory in connection with a liquidation thereof and (f) that the Administrative Agent deems to
be Eligible Inventory based on such credit and collateral considerations as the Administrative
Agent may, in its sole discretion, exercised reasonably and in good faith, deem appropriate. No
Inventory of any Borrowing Base Contributor shall be Eligible Inventory if such Inventory consists
of or constitutes (i) goods returned or rejected by customers other than goods that are undamaged
or are resalable in the normal course of business, (ii) goods to be returned to suppliers, (iii)
goods in transit, (iv) “fuel” or “gasoline” for operational use by such Borrowing Base Contributor,
(vi) goods which constitute forms or casting patterns used in the production of pre-cast concrete
Inventory, (vii) goods which constitute personal computers (and equipment and supplies related
thereto), (viii) goods which are classified as “Other” in the most recent Appraisal delivered to
the Administrative Agent, (ix) spare parts used in maintenance of the Trucks and which are
identified in the most recent Appraisal delivered to the Administrative Agent as parts “without
supporting detail” or similar notation, (x) goods for which a reserve has been taken on the balance
sheet of such Borrowing Base Contributor or (xi) goods located, stored, used or held at the
premises of a third party unless (A)(1) the Administrative Agent shall have received a Landlord
Waiver or Bailee’s Letter or (2) in the case of Inventory located at a leased premises, and without
duplication of any “occupancy costs” reflected in the most recent Appraisal delivered to the
Administrative Agent, an Eligibility Reserve of up to three months’ rent (as determined by the
Administrative Agent in its sole

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discretion, exercised reasonably and in good faith) shall have
been established with respect thereto and (B) an appropriate UCC-1 financing statement shall have
been properly filed.

          “Eligible Raw Materials” means the Eligible Inventory of each Borrowing Base Contributor that
is classified, consistent with past practice, on such Borrowing Base Contributor’s accounting
system as “raw materials”.

          “Eligible Receivable” means the gross outstanding balance of each Account of each Borrowing
Base Contributor arising out of the sale of merchandise, goods or services in the ordinary course
of business, that is made by such Borrowing Base Contributor to a Person that is not an Affiliate
of such Borrowing Base Contributor and that constitutes Collateral in which the Administrative
Agent has a fully perfected first priority Lien; provided, however, that an Account shall not be an
“Eligible Receivable” if any of the following shall be true:

     (a) [Reserved];

     (b) such Account is (i) more than 90 days past due according to the original terms of
sale or (ii) 120 days or more past the original invoice date thereof; or

     (c) any warranty contained in this Agreement or any other Loan Document with respect
to such specific Account is not true and correct with respect to such Account; or

     (d) the Account Debtor on such Account has disputed liability or made any claim with
respect to any other Account due from such Account Debtor to such Borrowing Base
Contributor but only to the extent of such dispute or claim; or

     (e) the Account Debtor on such Account has (i) filed a petition for bankruptcy or any
other relief under the Bankruptcy Code or any other law relating to bankruptcy, insolvency,
reorganization or relief of debtors, (ii) made an assignment for the benefit of creditors,
(iii) had filed against it any petition or other application for relief under the
Bankruptcy Code or any such other law, (iv) has failed, suspended business operations,
become insolvent, called a meeting of its creditors generally for the purpose of obtaining
any financial concession or accommodation or (v) had or suffered a receiver or a trustee to
be appointed for all or a significant portion of its assets or affairs unless such Accounts
arose on a post-petition basis and (A) the Account Debtor on such Account is a
debtor-in-possession in a Chapter 11 case under the Bankruptcy Code and has available
debtor-in-possession financing from sources and under terms reasonably acceptable to the
Administrative Agent and (B) the Administrative Agent, acting in its sole discretion,
determines that such Account shall be an Eligible Receivable; provided, however, that the
aggregate amount of all Eligible Receivables under this clause (d) shall not, at any time,
exceed 5% of the Eligible Receivables of the Borrowing Base Contributors; or

     (f) the Account Debtor on such Account or any of its Affiliates is also a supplier to
or creditor of the Borrower or any of its Subsidiaries, but only to the extent of the
amount owing by the Borrower or any of its Subsidiaries to such supplier or creditor,
unless such supplier or creditor has executed a no-offset letter satisfactory to the
Administrative Agent, in its sole discretion, in which case the full amount of such account
shall be eligible pursuant to this clause (f); or

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     (g) the sale represented by such Account is to an Account Debtor located outside the
United States, unless the sale is on letter of credit or acceptance terms acceptable to the
Administrative Agent, in its sole discretion, exercised reasonably and in good faith, and
(i) such letter of credit names the Administrative Agent as beneficiary for the benefit of
the Secured Parties or (ii) the issuer of such letter of credit has consented to the
assignment of the proceeds thereof to the Administrative Agent; or

     (h) the sale to such Account Debtor on such Account is on a bill-and-hold, guaranteed
sale, cash-on-delivery, sale-and-return, sale-on-approval or consignment basis or other
terms by reason of which the payment by such Account Debtor is or may be conditional;
provided that with respect to any Accounts which are bill-and-hold, if the relevant Account
Debtor has delivered to the relevant Borrowing Base Contributor a letter (or other
agreement) pursuant to which such Account Debtor accepts title and risk of loss with
respect to the goods or services which are the subject of such Accounts (and such Borrowing
Base Contributor has delivered a true and complete copy of such letter to the
Administrative Agent) prior to the delivery of such goods or services by such Borrowing
Base Contributor to such Account Debtor, then the bill-and-hold Accounts of such Account
Debtor shall not be deemed ineligible pursuant to this clause (h); or

     (i) such Account is subject to a Lien in favor of any Person other than the
Administrative Agent for the benefit of the Secured Parties other than Customary Permitted
Liens of the kind described in clause (a) of the definition thereof; or

     (j) such Account is subject to any deduction, offset, counterclaim, return privilege
or other conditions other than volume sales discounts given in the ordinary course of such
Borrowing Base Contributor’s business; provided, however, that such Account shall be
ineligible pursuant to this clause (j) only to the extent of such deduction, offset,
counterclaim, return privilege or other condition; or

     (k) the Account Debtor on such Account is located in any State of the United States
requiring the holder of such Account, as a precondition to commencing or maintaining any
action in the courts of such State either to (i) receive a certificate of authorization to
do business in such State or be in good standing in such State or (ii) file a Notice of
Business Activities Report with the appropriate office or agency of such State, in each
case unless the holder of such Account has received such a certificate of authority to do
business, is in good standing or, as the case may be, has duly filed such a notice in such
State; or

     (l) the Account Debtor on such Account is a Governmental Authority, unless such
Borrowing Base Contributor has assigned its rights to payment of such Account to the
Administrative Agent pursuant to the Assignment of Claims Act of 1940, as amended, in the
case of a federal Governmental Authority, and pursuant to applicable law, if any, in the
case of any other Governmental Authority, and such assignment has been accepted and
acknowledged by the appropriate government officers; or

     (m) such Account or any portion thereof represents late charges or finance charges;
provided that with respect to any Account for which late charges or finance charges
constitute only a portion of such Account, such Account shall be ineligible pursuant to
this clause (m) only to the extent of such late charges or finance charges; or

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Amended and Restated Credit Agreement

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     (n) such Account represents a progress billing consisting of an invoice for goods sold
or used or services rendered pursuant to a contract under which the Account Debtor’s
obligation to pay that invoice is subject to such Borrowing Base Contributor’s completion
of further performance under such contract; provided that with respect to any such Account
for which all of the goods sold or used or services rendered have been delivered or
performed, as the case may be, and a final invoice upon completion of all performance under
such contract has been sent to the Account Debtor, such Account shall not be deemed to be
ineligible pursuant to this clause (n); or

     (o) such Account was previously the subject of a charge-back, debit memo or other
transaction pursuant to which the liability of the Account Debtor thereunder was at one
time extinguished or settled but has subsequently been reinstated and re-aged; or

     (p) 50% or more of the outstanding Accounts of the Account Debtor have become, or have
been determined by the Administrative Agent, in accordance with the provisions hereof, to
be, ineligible pursuant to clause (b) above; or

     (q) the sale represented by such Account is denominated in a currency other than
Dollars; or

     (r) such Account is not evidenced by an invoice or other writing or electronic record
in form acceptable to the Administrative Agent, in its sole discretion, exercised
reasonably and in good faith; or

     (s) such Borrowing Base Contributor, in order to be entitled to collect such Account,
is required to perform any additional service for, or perform or incur any additional
obligation to, the Person to whom or to which it was made; or

     (t) the total Accounts of such Account Debtor to such Borrowing Base Contributor
represent more than 15% of the Eligible Receivables of all Borrowing Base Contributors at
such time, but only to the extent of such excess; or

     (u) the Administrative Agent, in accordance with its customary criteria, determines,
in its sole discretion, exercised reasonably and in good faith, that such Account might not
be paid or is otherwise ineligible.

          Notwithstanding the foregoing, any Account which is secured by a letter of credit issued by an
Eligible Assignee pertaining to the contract under which such Account arose and as to which either
(i) such letter of credit names the Administrative Agent as beneficiary for the benefit of the
Secured Parties or (ii) the issuer of such letter of credit has consented to the assignment of the
proceeds thereof to the Administrative Agent, shall constitute an Eligible Receivable.

          “Eligible Trucks” means the Trucks of each of the Borrowing Base Contributors (a) that are
owned solely by such Borrowing Base Contributor, (b) with respect to which the Administrative Agent
has a valid, perfected and enforceable first-priority Lien, subject only to Customary Permitted
Liens, (c) with respect to which no representation or warranty contained in any Loan Document has
been breached, (d) that are not, in the Administrative Agent’s sole discretion, exercised
reasonably and in good faith, obsolete or unmerchantable and (e) that the Administrative Agent
deems to be Eligible Trucks, based on such credit and collateral

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considerations as the Administrative Agent may, in its sole discretion, exercised reasonably and in good faith, deem appropriate. Trucks which would otherwise be eligible pursuant to the foregoing criteria but which were not owned by a Borrowing Base Contributor on the date of the most recent Appraisal delivered to the Administrative Agent shall only become “Eligible Trucks” on the last day of any fiscal month during which (or after) such
Truck is (or was) acquired by such Borrowing Base Contributor.

          “Eligible Work-in-Process Inventory” means a class of Eligible Inventory consisting of the
Eligible Inventory of each Borrowing Base Contributor that is classified, consistent with past
practice, on such Borrowing Base Contributor’s accounting system as “work-in-process”.

          “Entitlement Holder” has the meaning given to such term in the UCC.

          “Entitlement Order” has the meaning given to such term in the UCC.

          “Environmental Laws” means all applicable Requirements of Law now or hereafter in effect and
as amended or supplemented from time to time, relating to pollution or the regulation and
protection of human or animal health, safety, the environment or natural resources, including the
Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42
U.S.C. § 9601 et seq.); the Hazardous Material Transportation Act, as amended (49 U.S.C. § 5101 et
seq.); the Federal Insecticide, Fungicide, and Rodenticide Act, as amended (7 U.S.C. § 136 et
seq.); the Resource Conservation and Recovery Act, as amended (42 U.S.C. § 6901 et seq.); the Toxic
Substance Control Act, as amended (15 U.S.C. § 2601 et seq.); the Clean Air Act, as amended (42
U.S.C. § 7401 et seq.); the Federal Water Pollution Control Act, as amended (33 U.S.C. § 1251 et
seq.); the Occupational Safety and Health Act, as amended (29 U.S.C. § 651 et seq.); the Safe
Drinking Water Act, as amended (42 U.S.C. § 300f et seq.); and each of their state and local
counterparts or equivalents and any transfer of ownership notification or approval statute,
including the Industrial Site Recovery Act (N.J. Stat. Ann. § 13:1K-6 et seq.).

          “Environmental Liabilities and Costs” means, with respect to any Person, all liabilities,
obligations, responsibilities, Remedial Actions, losses, damages, punitive damages, consequential
damages, treble damages, costs and expenses (including all reasonable fees, disbursements and
expenses of counsel, experts and consultants and costs of investigation and feasibility studies),
fines, penalties, sanctions and interest incurred as a result of any claim or demand by any other
Person, whether based in contract, tort, implied or express warranty, strict liability, criminal or
civil statute and whether arising under any Environmental Law, Permit, order or agreement with any
Governmental Authority or other Person, in each case relating to any environmental, health or
safety condition or to any Release or threatened Release and resulting from the past, present or
future operations of, or ownership of property by, such Person or any of its Subsidiaries.

          “Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental
Liabilities and Costs.

          “Equipment” has the meaning given to such term in the UCC.

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          “Equity Issuance” means the issue or sale of any Stock of the Borrower or any Subsidiary of
the Borrower by the Borrower or any Subsidiary of the Borrower, as applicable, to any Person other
than the Borrower or any Subsidiary of the Borrower.

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

          “ERISA Affiliate” means any trade or business (whether or not incorporated) under common
control or treated as a single employer with the Borrower or any of its Subsidiaries within the
meaning of Section 414(b), (c), (m) or (o) of the Code.

          “ERISA Event” means (a) a reportable event described in Section 4043(b) or 4043(c)(1), (2),
(3), (5), (6), (8) or (9) of ERISA with respect to a Title IV Plan or a Multiemployer Plan, (b) the
withdrawal of the Borrower, any of its Subsidiaries or any ERISA Affiliate from a Title IV Plan
subject to Section 4063 of ERISA during a plan year in which it was a substantial employer, as
defined in Section 4001(a)(2) of ERISA, (c) the complete or partial withdrawal of the Borrower, any
of its Subsidiaries or any ERISA Affiliate from any Multiemployer Plan, (d) notice of
reorganization or insolvency of a Multiemployer Plan, (e) the filing of a notice of intent to
terminate a Title IV Plan or the treatment of a plan amendment as a termination under Section 4041
of ERISA, (f) the institution of proceedings to terminate a Title IV Plan or Multiemployer Plan by
the PBGC, (g) the failure to make any required contribution to a Title IV Plan or Multiemployer
Plan, (h) the imposition of a lien under Section 412 of the Code or Section 302 of ERISA on the
Borrower or any of its Subsidiaries or any ERISA Affiliate or (i) any other event or condition that
might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Title IV Plan or Multiemployer Plan or the
imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not
delinquent under Section 4007 of ERISA.

          “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the
Federal Reserve Board.

          “Eurodollar Base Rate” means, with respect to any Interest Period for any Eurodollar Rate
Loan, the rate of interest determined by the Administrative Agent to be the rate per annum at which
deposits in Dollars are offered by the principal office of Citibank in London to major banks in the
London interbank market at 11:00 a.m. (London time) 2 Business Days before the first day of such
Interest Period in an amount substantially equal to the Eurodollar Rate Loan of Citibank for a
period equal to such Interest Period.

          “Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender
specified as its “Eurodollar Lending Office” opposite its name on Schedule II (Applicable Lending
Offices and Addresses for Notices) or on the Assignment and Acceptance by which it became a Lender
(or, if no such office is specified, its Domestic Lending Office) or such other office of such
Lender as such Lender may from time to time specify to the Borrower and the Administrative Agent.

          “Eurodollar Rate” means, with respect to any Interest Period for any Eurodollar Rate Loan, an
interest rate per annum equal to the rate per annum obtained by dividing (a) the Eurodollar Base
Rate by (b)(i) a percentage equal to 100% minus (ii) the reserve percentage
applicable 2 Business Days before the first day of such Interest Period under regulations
issued

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from time to time by the Federal Reserve Board for determining the maximum reserve
requirement (including any emergency, supplemental or other marginal reserve requirement) for a
member bank of the Federal Reserve System in New York City with respect to liabilities or assets
consisting of or including Eurocurrency Liabilities (or with respect to any other category of
liabilities that includes deposits by reference to which the Eurodollar Rate is determined) having
a term equal to such Interest Period.

          “Eurodollar Rate Loan” means any Loan that, for an Interest Period, bears interest based on
the Eurodollar Rate.

          “Event of Default” has the meaning specified in Section 9.1 (Events of Default).

          “Excess Availability” means, as of the last day of any month for which a Borrowing Base
Certificate has been delivered pursuant to Section 6.12, an amount equal to the average daily
amount of the Available Credit during such month.

          “Excluded Collateral” means (a) the aggregates quarry owned by Eastern Concrete Materials,
Inc. (“EMI”) or, to the extent transferred by EMI to a SPE, owned by such SPE, located in Hamburg,
New Jersey and any equipment or other assets of EMI or such SPE, as applicable, used in the
operation of such quarry in the ordinary course of business and consistent with past practice,
together with any proceeds and products of any of the foregoing (including Accounts and intangible
assets pertaining thereto); provided that “Excluded Collateral” shall not include any mined
Inventory produced from such quarry to the extent the same is owned by EMI, (b) any equity
interests of and/or assets owned by any Excluded Joint Venture and (c) any real estate assets owned
or leased by the Borrower and its Subsidiaries.

          “Excluded Deposit Account” means any Deposit Account maintained by the Borrower or its
Subsidiaries as to which the criteria in the proviso to clause (z) of Section 7.12(a) (Control
Accounts; Approved Deposit Accounts) shall be satisfied.

          “Excluded Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary in
respect of which either (a) the pledge of all of the Stock of such Subsidiary as Collateral to
secure payment of the Obligations or (b) the guaranteeing by such Subsidiary of the Obligations,
would, in the good faith judgment of the Borrower based on an analysis reasonably satisfactory to
the Administrative Agent, result in adverse tax consequences to the Loan Parties and their
Subsidiaries, taken as a whole.

          “Excluded Joint Ventures” means, as of any date of determination, any joint venture (including
any Subsidiary which is a not a Wholly Owned Subsidiary) in respect of which the aggregate of all
consideration paid in connection with the acquisition or formation of such joint venture by the
Borrower or any of its Subsidiaries (including all assets contributed to such joint venture by the
Borrower or any of its Subsidiaries, all transaction costs, and all Indebtedness or other
obligations (in each case whether contingent or otherwise), including any contractually binding
commitment to make future capital contributions, incurred or assumed in connection therewith does
not exceed $35,000,000 (valued at book value and excluding the value of any goodwill attributable
to any such assets so contributed).

          “Excluded Subsidiary” means each of USC LP, Inc., a Delaware corporation, and Beall Investment
Corporation, Inc., a Delaware corporation, Atlas Investments, Inc., a Nevada corporation, and any
SPE.

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          “Existing Credit Agreement” has the meaning specified in the recitals to this Agreement.

          “Facilities Fee Letter” shall mean the letter dated as of the Closing Date, addressed to the
Borrower from the Agents and the Arrangers and accepted by the Borrower on the Closing Date, with
respect to certain fees to be paid to the Arrangers.

          “Facilities Increase” has the meaning specified in Section 2.1(b) (The Commitments).

          “Facilities Increase Date” has the meaning specified in Section 2.1(b) (The Commitments).

          “Facilities Increase Notice” means a notice from the Borrower to the Administrative Agent
requesting a Facilities Increase, which may include any proposed terms and conditions for such
proposed Facilities Increase but shall include in any event the amount of such proposed Facilities
Increase.

          “Fair Market Value” means (a) with respect to any asset or group of assets (other than a
marketable Security) at any date, the value of the consideration obtainable in a sale of such asset
at such date assuming a sale by a willing seller to a willing purchaser dealing at arm’s length and
arranged in an orderly manner over a reasonable period of time having regard to the nature and
characteristics of such asset, as reasonably determined by the Board of Directors of the Borrower
or, if such asset shall have been the subject of a relatively contemporaneous appraisal by an
independent third party appraiser, the basic material assumptions underlying which have not
materially changed since its date, the value set forth in such appraisal and (b) with respect to
any marketable Security at any date, the closing sale price of such Security on the Business Day
next preceding such date, as appearing in any published list of any national securities exchange or
the NASDAQ Stock Market or, if there is no such closing sale price of such Security, the final
price for the purchase of such Security at face value quoted on such Business Day by a financial
institution of recognized standing regularly dealing in Securities of such type and selected by the
Administrative Agent.

          “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for
each day during such period to 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 for such day (or, if such day is not a Business Day, for the next preceding 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 such day on such transactions received by the
Administrative Agent from three Federal funds brokers of recognized standing selected by it.

          “Federal Reserve Board” means the Board of Governors of the United States Federal Reserve
System, or any successor thereto.

          “Fee Letters” means (a) the Administrative Agency Fee Letter, (b) the Facilities Fee Letter
and (c) any fee letter entered into by and among the Borrower, the Administrative Agent and/or one
or more Lenders in connection with a Facilities Increase.

          “Financial Asset” has the meaning given to such term in the UCC.

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          “Financial Covenant Debt” of any Person means Indebtedness of the type specified in clauses
(a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness” and non-contingent obligations
of the type specified in clause (c) of such definition.

          “Financial Statements” means the financial statements of the Borrower and its Subsidiaries
delivered in accordance with Section 4.4 (Financial Statements) and Section 6.1 (Financial
Statements).

          “Fiscal Quarter” means each of the three month periods ending on March 31, June 30, September
30 and December 31.

          “Fiscal Year” means the twelve month period ending on December 31.

          “Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the ratio of
(a) EBITDA of such Person for such period minus Net Capital Expenditures of such Person for such
period minus the total federal income tax liability actually paid by such Person (net of tax
credits received by such Person) in respect of such period to (b) the Fixed Charges of such Person
for such period.

          “Fixed Charges” means, with respect to any Person for any period, the sum, determined on a
Consolidated basis, of (a) the Cash Interest Expense of such Person and its Subsidiaries for such
period, (b) the principal amount of Consolidated Financial Covenant Debt of such Person and its
Subsidiaries having a scheduled due date during such period (other than the principal amount of
any Consolidated Financial Covenant Debt that was refinanced on or prior to such due date to the
extent such refinancing is permitted by Section 8.1(Indebtedness)) and (c) all cash dividends
payable by such Person and its Subsidiaries on Stock in respect of such period to Persons other
than such Person and its Subsidiaries.

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

          “GAAP” means generally accepted accounting principles in the United States of America,
consistently applied, as in effect from time to time set forth in the opinions and pronouncements
of the Accounting Principles Board and the American Institute of Certified Public Accountants and
the statements and pronouncements of the Financial Accounting Standards Board, or in such other
statements by such other entity as may be in general use by significant segments of the accounting
profession, that are applicable to the circumstances as of the date of determination.

          “General Intangible” has the meaning given to such term in the UCC.

          “Governmental Authority” means any nation, sovereign or government, any state or other
political subdivision thereof and any entity or authority exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government, including any
central bank or stock exchange.

          “Guarantor” means each Subsidiary Guarantor.

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          “Guaranty” means the guaranty, in substantially the form of Exhibit H (Form of Guaranty),
executed by the Guarantors.

          “Guaranty Obligation” means, as applied to any Person, any direct or indirect liability,
contingent or otherwise, of such Person (the “guaranteeing person”) with respect to any
Indebtedness of another Person, if the purpose or intent of the guaranteeing person is to provide
assurance to the obligee of such Indebtedness that such Indebtedness will be paid or discharged,
that any agreement relating thereto will be complied with, or that any holder of such Indebtedness
will be protected (in whole or in part) against loss in respect thereof, including (a) the direct
or indirect guaranty, endorsement (other than for collection or deposit in the ordinary course of
business), co-making, discounting with recourse or sale with recourse by such Person of
Indebtedness of another Person and (b) any liability of such Person for Indebtedness of another
Person through any agreement (contingent or otherwise) (i) to purchase, repurchase or otherwise
acquire such Indebtedness or any security therefor or to provide funds for the payment or discharge
of such Indebtedness (whether in the form of a loan, advance, stock purchase, capital contribution
or otherwise), (ii) to maintain the solvency or any balance sheet item, level of income or
financial condition of another Person, (iii) to make take-or-pay or similar payments, if required,
regardless of non-performance by any other party or parties to an agreement, (iv) to purchase, sell
or lease (as lessor or lessee) property, or to purchase or sell services, primarily for the purpose
of enabling the debtor to make payment of such Indebtedness or to assure the holder of such
Indebtedness against loss or (v) to supply funds to, or in any other manner invest in, such other
Person (including to pay for property or services irrespective of whether such property is received
or such services are rendered), if in the case of any agreement described under clause (b)(i),
(ii), (iii), (iv) or (v) above the primary purpose or intent thereof is to provide assurance that
Indebtedness of another Person will be paid or discharged, that any agreement relating thereto will
be complied with or that any holder of such Indebtedness will be protected (in whole or in part)
against loss in respect thereof. The amount of any Guaranty Obligation of any guaranteeing person
shall be deemed to be the lower of (a) an amount equal to the stated or determinable amount of the
primary obligation in respect of which such Guaranty Obligation is made and (b) the maximum amount
for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying
such Guaranty Obligation, unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case the amount of such
Guaranty Obligation shall be such guaranteeing person’s maximum reasonably anticipated liability in
respect thereof as determined by the Borrower in good faith.

          “Hedging Contracts” means all Interest Rate Contracts, foreign exchange contracts, credit
derivatives, currency swap or option agreements, forward contracts, commodity swap, purchase or
option agreements, other commodity price hedging arrangements and all other similar agreements or
arrangements designed to alter the risks of any Person arising from fluctuations in interest rates,
currency values or commodity prices.

          “Indebtedness” of any Person means without duplication (a) all indebtedness of such Person for
borrowed money, (b) all obligations of such Person evidenced by notes, bonds, debentures or similar
instruments or that bear interest, (c) all reimbursement and all obligations
with respect to letters of credit, bankers’ acceptances, surety bonds and performance bonds,
whether or not matured, (d) all indebtedness for the deferred purchase price of property or
services, other than trade payables incurred in the ordinary course of business, prepaid expenses
or amounts owed by such Person to employees or officers of such Person in the ordinary course

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of
business as compensation for services rendered, (e) all indebtedness of such Person created or
arising under any conditional sale or other title retention agreement with respect to property
acquired by such Person (even though the rights and remedies of the seller or lender under such
agreement in the event of default are limited to repossession or sale of such property), (f) all
Capital Lease Obligations of such Person and the present value of future rental payments under all
synthetic leases, (g) all Guaranty Obligations of such Person, (h) all obligations of such Person
to purchase, redeem, retire, defease or otherwise acquire for value any Stock or Stock Equivalents
(other than for other Stock or Stock Equivalents that do not constitute Disqualified Stock) of such
Person prior to the Scheduled Termination Date, valued, in the case of redeemable preferred stock,
at the greater of its voluntary liquidation preference and its involuntary liquidation preference
plus accrued and unpaid dividends, (i) all payments that such Person would have to make in the
event of an early termination on the date Indebtedness of such Person is being determined in
respect of Hedging Contracts of such Person and (j) all Indebtedness of the type referred to above
secured by (or for which the holder of such Indebtedness has an existing right, contingent or
otherwise, to be secured by) any Lien upon or in property (including Accounts and General
Intangibles) owned by such Person, even though such Person has not assumed or become liable for the
payment of such Indebtedness.

          “Indemnified Matter” has the meaning specified in Section 11.4 (Indemnities).

          “Indemnitee” has the meaning specified in Section 11.4 (Indemnities).

          “Indenture” means the New Notes Indenture and/or any indenture governing any Permitted
Subordinated Debt.

          “Interest Expense” means, for any Person for any period, (a) Consolidated total interest
expense of such Person and its Subsidiaries for such period and including, in any event, interest
capitalized during such period and net costs under Interest Rate Contracts for such period minus
(b) Consolidated net gains of such Person and its Subsidiaries under Interest Rate Contracts
actually realized for such period and minus (c) any Consolidated interest income of such Person and
its Subsidiaries actually realized for such period.

          “Interest Period” means, in the case of any Eurodollar Rate Loan, (a) initially, the period
commencing on the date such Eurodollar Rate Loan is made or on the date of conversion of a Base
Rate Loan to such Eurodollar Rate Loan and ending one, two, three or six months thereafter (or if
deposits of such duration are available to all Revolving Credit Lenders, ending nine or twelve
months thereafter), as selected by the Borrower in its Notice of Revolving Credit Borrowing or
Notice of Conversion or Continuation given to the Administrative Agent pursuant to Section 2.2
(Revolving Credit Borrowing Procedures) or 2.11 (Conversion/Continuation Option) and (b)
thereafter, if such Loan is continued, in whole or in part, as a Eurodollar Rate Loan pursuant to
Section 2.11 (Conversion/Continuation Option), a period commencing on the last day of the
immediately preceding Interest Period therefor and ending one, two, three or six months thereafter
(or if deposits of such duration are available to all Revolving Credit Lenders, ending nine or
twelve months thereafter), as selected by the Borrower in its Notice of Conversion or Continuation
given to the Administrative Agent pursuant to Section
2.11 (Conversion/Continuation Option); provided, however, that all of the foregoing provisions
relating to Interest Periods in respect of Eurodollar Rate Loans 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

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Business Day,
unless the result of such extension would be to extend such Interest Period into
another calendar month, in which event such Interest Period shall end on the
immediately preceding Business Day;

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

     (iii) the Borrower may not select any Interest Period that ends after the date
of a scheduled principal payment on the Loans as set forth in Article II (The
Facilities) unless, after giving effect to such selection, the aggregate unpaid
principal amount of the Loans for which Interest Periods end after such scheduled
principal payment shall be equal to or less than the principal amount to which the
Loans are required to be reduced after such scheduled principal payment is made;

     (iv) the Borrower may not select any Interest Period in respect of Loans
having an aggregate principal amount of less than $1,000,000; and

     (v) there shall be outstanding at any one time no more than eight (8) Interest
Periods in the aggregate.

          “Interest Rate Contracts” means all interest rate swap agreements, interest rate cap
agreements, interest rate collar agreements and interest rate insurance.

          “Inventory” has the meaning given to such term in the UCC.

          “Investment” means, with respect to any Person, (a) any purchase or other acquisition by such
Person of (i) any Security issued by, (ii) a beneficial interest in any Security issued by, or
(iii) any other equity ownership interest in, any other Person, (b) any purchase by such Person of
all or a significant part of the assets of a business conducted by any other Person, or all or
substantially all of the assets constituting the business of a division, branch or other unit
operation of any other Person, (c) any loan, advance (other than deposits with financial
institutions available for withdrawal on demand, prepaid expenses, accounts receivable and similar
items made or incurred in the ordinary course of business) or capital contribution by such Person
to any other Person, including all Indebtedness of any other Person to such Person arising from a
sale of property by such Person other than in the ordinary course of its business and (d) any
Guaranty Obligation incurred by such Person.

          “IRS” means the Internal Revenue Service of the United States or any successor thereto.

          “Issue” means, with respect to any Letter of Credit, to issue (including any deemed issuance
pursuant to Section 2.4(k) (Letters of Credit)), extend the expiry of, renew or
increase the maximum face amount (including by deleting or reducing any scheduled decrease in
such maximum face amount) of, such Letter of Credit. The terms “Issued” and “Issuance” shall have
a corresponding meaning.

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Amended and Restated Credit Agreement

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          “Issuer” means each Lender or Affiliate of a Lender that (a) is listed on the signature pages
hereof as an “Issuer” or (b) hereafter becomes an Issuer with the approval of the Administrative
Agent and the Borrower by agreeing pursuant to an agreement with and in form and substance
satisfactory to the Administrative Agent and the Borrower to be bound by the terms hereof
applicable to Issuers.

          “JPMorgan” has the meaning specified in the preamble to this Agreement.

          “Land” of any Person means all of those plots, pieces or parcels of land now owned, leased or
hereafter acquired or leased or purported to be owned, leased or hereafter acquired or leased
(including, in respect of the Loan Parties, as reflected in the most recent Financial Statements)
by such Person.

          “Landlord Waiver” means a letter in form and substance reasonably acceptable to the
Administrative Agent and executed by a landlord in respect of Inventory of the Borrower located at
any leased premises of the Borrower pursuant to which such landlord, among other things, waives or
subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien
such landlord may have in respect of such Inventory.

          “Leases” means, with respect to any Person, all of those leasehold estates in real property of
such Person, as lessee, as such may be amended, supplemented or otherwise modified from time to
time.

          “Lender” means the Swing Loan Lender and each other financial institution or other entity that
(a) is listed on the signature pages hereof as a “Lender,” (b) from time to time becomes a party
hereto by execution of an Assignment and Acceptance or (c) becomes a party hereto in connection
with a Facilities Increase by execution of an assumption agreement in connection with such
Facilities Increase.

          “Letter of Credit” means any letter of credit Issued pursuant to Section 2.4 (Letters of
Credit).

          “Letter of Credit Obligations” means, at any time, the aggregate of all liabilities at such
time of the Borrower to all Issuers with respect to Letters of Credit, whether or not any such
liability is contingent, including, without duplication, the sum of (a) the Reimbursement
Obligations at such time and (b) the Letter of Credit Undrawn Amounts at such time.

          “Letter of Credit Reimbursement Agreement” has the meaning specified in Section 2.4(a)(vi)
(Letters of Credit).

          “Letter of Credit Request” has the meaning specified in Section 2.4(c) (Letters of Credit).

          “Letter of Credit Sublimit” means $25,000,000.

          “Letter of Credit Undrawn Amounts” means, at any time, the aggregate undrawn face amount of
all Letters of Credit outstanding at such time.

          “Leverage Ratio” means, with respect to any Person as of any date, the ratio of (a)
Consolidated Financial Covenant Debt of such Person and its Subsidiaries outstanding as of

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Amended and Restated Credit Agreement

U.S. Concrete, Inc.

such
date to (b) EBITDA for such Person for the last four Fiscal Quarter period ending on or before such
date.

          “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit
arrangement, encumbrance, lien (statutory or other), security interest or preference, priority or
other security agreement or preferential arrangement of any kind or nature whatsoever intended to
assure payment of any Indebtedness or the performance of any other obligation, including any
conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease
and any financing lease having substantially the same economic effect as any of the foregoing, and
the filing of any financing statement under the UCC or comparable law of any jurisdiction naming
the owner of the asset to which such Lien relates as debtor.

          “Liquidity Event Period” means any period beginning on the date on which a Trigger Event
occurs and continuing at all times thereafter.

          “Loan” means any loan made by any Lender pursuant to this Agreement.

          “Loan Documents” means, collectively, this Agreement, the Revolving Credit Notes (if any), the
Guaranty, the Fee Letters, each Letter of Credit Reimbursement Agreement, each Hedging Contract
between any Loan Party and any Person that was a Lender or an Affiliate of a Lender at the time it
entered into such Hedging Contract, each Cash Management Document, the Collateral Documents and
each certificate, agreement or document executed by a Responsible Officer of a Loan Party and
delivered to the Administrative Agent or any Lender in connection with or pursuant to any of the
foregoing.

          “Loan Party” means each of the Borrower, each Guarantor and each other Subsidiary of the
Borrower that executes and delivers a Loan Document.

          “Material Adverse Change” means a material adverse change in any of (a) the condition
(financial or otherwise), business, performance, prospects, operations or properties of the
Borrower and its Subsidiaries, taken as a whole, (b) the ability of the Borrower and the
Guarantors, taken as a whole, to perform their respective obligations under the Loan Documents or
(c) the rights and remedies of the Administrative Agent, the Lenders or the Issuers to enforce the
Loan Documents.

          “Material Adverse Effect” means an effect that results in or causes, or could reasonably be
expected to result in or cause, a Material Adverse Change.

          “Maximum Credit” means, at any time, the lesser of (a) (i) the Revolving Credit Commitments in
effect at such time and (ii) the Borrowing Base at such time minus (b) the aggregate amount of any
Availability Reserve in effect at such time.

          “Merrill Lynch Account” has the meaning specified in Section 7.12(f) (Control Accounts;
Approved Deposit Accounts).

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

          “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to
which the Borrower, any of its Subsidiaries or any ERISA Affiliate has any obligation or liability,
contingent or otherwise.

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Amended and Restated Credit Agreement

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          “Net Capital Expenditures” means, for any period an amount equal to (a) Capital Expenditures
of the Borrower and its Subsidiaries on a Consolidated basis minus (b) the net cash proceeds (as
reported in the Borrower’s cash flow statement) (and/or trade-in allowance) received by the
Borrower and its Subsidiaries on a Consolidated basis that are attributed solely to that portion of
any Asset Sale involving property, plant or equipment.

          “Net Cash Proceeds” means proceeds received by the Borrower or any of its Subsidiaries after
the Effective Date in cash or Cash Equivalents from any (a) Asset Sale, other than an Asset Sale
permitted under Section 8.4 (a), (b), (c)(i), (d) or (e) (Sale of Assets), net of (i) the
reasonable cash costs of sale, assignment or other disposition (including a reasonable reserve for
liabilities retained by the Borrower or such Subsidiary in connection with such Asset Sale; it
being understood that “Net Cash Proceeds” shall include, without limitation, any reversal of a
reserve described in this clause (i) or, if such liabilities have not been satisfied in cash and
such reserve not reversed within the longer of (x) 365 days after such Asset Sale and (y) the
applicable contractual limitations period, the amount of such reserve), (ii) taxes paid or
reasonably estimated to be payable as a result thereof and (iii) any amount required to be paid or
prepaid on Indebtedness (other than the Obligations) secured by the assets subject to such Asset
Sale, provided, however, that evidence of each of clauses (i), (ii) and (iii) above is provided to
the Administrative Agent in form and substance satisfactory to it, (b) Property Loss Event or
(c)(i) Equity Issuance (other than any such issuance of common Stock of the Borrower (x) occurring
in the ordinary course of business to any director, member of the management or employee of the
Borrower or its Subsidiaries or (y) the proceeds of which are used, within 15 days following the
Borrower’s receipt thereof, as all or a portion of the consideration for any Permitted
Acquisition), or (ii) any Debt Issuance permitted under Section 8.1 (j) or (l) (Indebtedness), in
each case net of brokers’ and advisors’ fees and other costs incurred in connection with such
transaction; provided, however, that in the case of this clause (c), evidence of such costs is
provided to the Administrative Agent in form and substance reasonably satisfactory to it.

          “New Notes” means those 8-3/8% Senior Subordinated Notes due 2014 issued pursuant to the New
Notes Indenture.

          “New Notes Indenture” means that certain Indenture dated as of March 31, 2004 by and between
the Borrower, as issuer, and Wells Fargo Bank, National Association, as trustee, governing the New
Notes and the Additional Notes (or any notes which are freely transferable issued in exchange for
the New Notes or Additional Notes but having substantially the same terms and conditions).

          “Non-Cash Interest Expense” means, with respect to any Person for any period, the sum of the
following amounts to the extent included in the definition of Interest Expense (a) the amount of
debt discount and debt issuance costs amortized, (b) charges relating to write-ups or write-downs
in the book or carrying value of existing Financial Covenant Debt, (c) interest payable in
evidences of Indebtedness or by addition to the principal of the related Indebtedness and (d) other
non-cash interest.

          “Non-Consenting Lender” has the meaning specified in Section 11.1(c) (Amendments, Waivers,
Etc.).

          “Non-Funding Lender” has the meaning specified in Section 2.2(d) (Revolving Credit Borrowing
Procedures).

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Amended and Restated Credit Agreement

U.S. Concrete, Inc.

          “Non-U.S. Lender” means each Lender or Issuer (or the Administrative Agent) that is a Non-U.S.
Person.

          “Non-U.S. Person” means any Person that is not a Domestic Person.

          “Notice of Revolving Credit Borrowing” has the meaning specified in Section 2.2(a) (Borrowing
Procedures).

          “Notice of Conversion or Continuation” has the meaning specified in Section 2.11
(Conversion/Continuation Option).

          “Obligations” means the Loans, the Letter of Credit Obligations and all other amounts,
obligations, covenants and duties owing by the Borrower to the Administrative Agent, any Lender,
any Issuer, any Affiliate of any of them or any Indemnitee, of every type and description (whether
by reason of an extension of credit, opening or amendment of a letter of credit or payment of any
draft drawn or other payment thereunder, loan, guaranty, indemnification, foreign exchange or
currency swap transaction, interest rate hedging transaction or otherwise), present or future,
arising under this Agreement, any other Loan Document (including Cash Management Documents and
Hedging Contracts that are Loan Documents), whether direct or indirect (including those acquired by
assignment), absolute or contingent, due or to become due, now existing or hereafter arising and
however acquired and whether or not evidenced by any note, guaranty or other instrument or for the
payment of money, including all letter of credit, cash management and other fees, interest,
charges, expenses, attorneys’ fees and disbursements, Cash Management Obligations and other sums
chargeable to the Borrower under this Agreement, any other Loan Document (including Cash Management
Documents and Hedging Contracts that are Loan Documents) and all obligations of the Borrower under
any Loan Document to provide cash collateral for any Letter of Credit Obligation.

          “Orderly Liquidation Value Inventory Rate” shall mean the orderly liquidation value (net of
reasonable costs and expenses incurred in connection with liquidation) of the Borrowing Base
Contributors’ Eligible Inventory as a percentage of the value of such Eligible Inventory, which
percentage shall be determined by the most recent Appraisal of such Inventory received by the
Administrative Agent.

          “Orderly Liquidation Value Of Eligible Trucks” means, as of any date of determination, the
result of the following formula:

(a)
– (b)

where

(a) represents
the sum of {(x) + (y) – (z)};

(b) represents the product of (i) the number represented by clause (a) above and
(ii) a percentage representing the reasonable costs and expenses expected to be
incurred in connection with a liquidation of the Eligible Trucks (such percentage
to be determined by reference to the most recent Appraisal referred to in clause
(x) below);

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(x) represents, with respect to the Eligible Trucks of the Borrowing Base
Contributors which have been appraised pursuant to an Appraisal and are then owned
by the Borrowing Base Contributors, the orderly liquidation value of such Eligible
Trucks as determined by the most recent Appraisal of such Trucks received by the
Administrative Agent;

(y) represents, with respect to Eligible Trucks which have been acquired by the
Borrowing Base Contributors during any fiscal month occurring after the most recent
Appraisal referred to in clause (x) above (but only until such time as the next
Appraisal occurs) and are then owned by the Borrowing Base Contributors, the net
book value of such Trucks (without deduction for depreciation, which shall be
governed by clause (z) below); and

(z) represents the cumulative book depreciation (determined in accordance with the
depreciation methods used by the Borrowing Base Contributors with respect to Trucks
on the Closing Date) attributable to all Eligible Trucks of the Borrowing Base
Contributors (it being understood that such depreciation shall be an estimated
amount as of the first two months of each Fiscal Quarter and shall be adjusted to
an actual number as of the end of each Fiscal Quarter).

“Patriot Act” means the USA Patriot Act of 2001 (31 U.S.C. §5318 et. seq.).

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

“Permit” means any permit, approval, authorization, license, variance or permission required
from a Governmental Authority under an applicable Requirement of Law.

“Permitted Acquisition” means any Proposed Acquisition subject to the satisfaction of each of
the following conditions:

     (a) the Administrative Agent shall receive at least (i) 20 days’ prior written notice
of such Proposed Acquisition if the Borrower desires to have the Administrative Agent
consider calculating Excess Availability on a pro forma basis as described in clause (h)
below (it being understood that the Administrative Agent will not approve a pro forma
calculation of Excess Availability unless it receives such 20 day notice) or (ii) 5
Business Days’ prior written notice of such Proposed Acquisition, in each case, which
notice shall include, without limitation, a reasonably detailed description of such
Proposed Acquisition;

     (b) such Proposed Acquisition shall only involve assets located in the United States
and comprising a business, or those assets of a business, of the type engaged in by the
Borrower and its Subsidiaries as of the Effective Date or reasonably related thereto;

     (c) such Proposed Acquisition shall be consensual and shall have been approved by the
Proposed Acquisition Target’s board of directors;

     (d) no additional Indebtedness shall be incurred, assumed or otherwise be reflected on
a Consolidated balance sheet of the Borrower and Proposed Acquisition

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Target after giving
effect to such Proposed Acquisition, except for Indebtedness permitted under Section 8.1
(Indebtedness);

     (e) at or prior to the closing of such Proposed Acquisition, the Borrower (or the
Subsidiary making such Proposed Acquisition) and the Proposed Acquisition Target shall have
executed such documents and taken such actions as may be required under Sections 7.11
(Additional Collateral and Guaranties) and 7.13 (Real Property);

     (f) the Borrower shall have delivered to the Administrative Agent, in form and
substance reasonably satisfactory to the Administrative Agent and sufficiently in advance
and in any case no later than 5 Business Days prior to such Proposed Acquisition, (i) such
other financial information, financial analysis (including a detailed analysis of any
proposed adjustments to EBITDA to be made on a Pro Forma Basis), documentation or other
information relating to such Proposed Acquisition as the Administrative Agent shall
reasonably request; and (ii) a certificate demonstrating pro forma compliance with the
financial covenants set forth in Article V (Financial Covenants) (after giving effect to
such Proposed Acquisition) for the four full fiscal quarters following the consummation of
such Proposed Acquisition, together with documentation acceptable to the Administrative
Agent supporting such calculations;

     (g) on or prior to the date of such Proposed Acquisition, the Administrative Agent
shall have received, in form and substance reasonably satisfactory to the Administrative
Agent, copies of the acquisition agreement, any other material related Contractual
Obligations to be executed in connection with such acquisition agreement, lien search
results and other documents reasonably requested by the Administrative Agent; and

     (h) at the time of such Proposed Acquisition and after giving effect thereto, (i) no
Default or Event of Default shall have occurred and be continuing, (ii) the Availability
Threshold shall have been satisfied (it being understood that such computation shall be
made on a pro forma basis to the extent that the Administrative Agent shall have approved
such pro forma calculation in writing prior to the consummation of such Proposed
Acquisition (it being understood that the Administrative Agent may conduct field
examinations and appraisals in connection with such approval process)) and (iii) except as
provided in the immediately following paragraph, all representations and warranties
contained in Article IV (Representations and Warranties) and in the other Loan Documents
shall be true and correct in all material respects.

          Notwithstanding the foregoing, with regard to any Proposed Acquisition as to which (i) the
total consideration payable therefor (including all cash and non-cash consideration and
Indebtedness incurred or assumed in connection therewith) is less than or equal to $5,000,000 and
(ii) the Availability Threshold shall have been satisfied as of the anticipated closing date of
such Proposed Acquisition and after giving effect to the consummation thereof, then the Borrower
shall not be required to comply with clauses (a) and (f) above or clause (h)(iii) above (so long as
no Letter of Credit is then outstanding and no Loan is outstanding immediately prior to or
immediately after giving effect to such Proposed Acquisition) within the timeframes set forth
therein, but shall (assuming that all other requirements set forth in clauses (b) through (e) and
(g) and (h) have been satisfied on or prior to the date of the consummation of such Proposed
Acquisition) notify the Administrative Agent of such Proposed Acquisition and deliver the
certificates required by clause (f) above within 3 days following the consummation of such

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Proposed
Acquisition. For the avoidance of doubt, the Lenders hereby acknowledge that the Redi-Mix
Acquisition is a Permitted Acquisition.

          “Permitted Holders” means (a) the Chairman of the Board of Directors of the Borrower as of the
Effective Date, (b) any executive officer of the Borrower as of the Effective Date, (c) trusts, the
sole beneficiaries and trustees of which are the individuals described in clauses (a) and (b) above
or their immediate family members and (d) corporations, partnerships and other entities (i) of
which the individuals described in clauses (a) and (b) above or their immediate family members are
the beneficial owners of all Voting Stock and other equity or voting interests and (ii) that are
controlled by such individuals and their immediate family members.

          “Permitted Subordinated Debt” means Subordinated Indebtedness in an aggregate principal amount
not to exceed the sum of (a) $20 million plus (b) such additional amounts of Subordinated
Indebtedness, if any, which may be incurred by the Borrower after presentation of a certificate
(with reasonable supporting detail) by the Borrower to the Administrative Agent demonstrating that
after giving effect to the incurrence of such additional Subordinated Indebtedness, the Leverage
Ratio does not exceed 4.5 to 1.

          “Person” means an individual, partnership, corporation (including a business trust), joint
stock company, estate, trust, limited liability company, unincorporated association, joint venture
or other entity or a Governmental Authority.

          “Pledge and Security Agreement” means an agreement, in substantially the form of Exhibit I
(Form of Pledge and Security Agreement), executed by the Borrower and each Guarantor.

          “Pledged Debt Instruments” has the meaning specified in the Pledge and Security Agreement.

          “Pledged Stock” has the meaning specified in the Pledge and Security Agreement.

          “Proceeds” has the meaning given to such term in the UCC.

          “Pro Forma Basis” means, with respect to any determination for any period, that such
determination shall be made giving pro forma effect to each Permitted Acquisition consummated
during such period, together with all transactions relating thereto consummated
during such period (including any incurrence, assumption, refinancing or repayment of
Indebtedness), as if such acquisition and related transactions had been consummated on the first
day of such period, in each case based on historical results accounted for in accordance with GAAP
and, to the extent applicable, reasonable assumptions made in accordance with Regulation S-X of the
Securities Act of 1933, as amended, that are specified in details in the relevant Compliance
Certificate, Financial Statement or other document provided to the Administrative Agent or any
Lender in connection herewith.

          “Projections” means those financial projections dated June___, 2006 covering the Fiscal Years
ending in 2006 through 2011 inclusive, delivered to the Administrative Agent and the Lenders by the
Borrower, which includes (a) for the balance of Fiscal Year 2006 and all of Fiscal Year 2007,
forecasted monthly income statements, forecasted balance sheets and

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statements of cash flows and
(b) for each Fiscal Year thereafter through the Scheduled Termination Date, annual financial
forecasts, in each case, prepared by the Borrower’s management assuming that the New Notes and the
Additional Notes are outstanding during such periods.

          “Property Loss Event” means (a) any loss of or damage to property of the Borrower or any of
its Subsidiaries that results in the receipt by such Person of Net Cash Proceeds of insurance in an
amount in excess of $1,000,000 (individually or in the aggregate) or (b) any taking of property of
the Borrower or any of its Subsidiaries that results in the receipt by such Person of Net Cash
Proceeds in an amount in excess of $1,000,000 (individually or in the aggregate).

          “Proposed Acquisition” means the proposed acquisition by the Borrower or any of its
Subsidiaries of all or substantially all of the assets or Stock of any Proposed Acquisition Target,
or the merger of any Proposed Acquisition Target with or into the Borrower or any Subsidiary of the
Borrower (and, in the case of a merger with the Borrower or any Guarantor, with the Borrower or
such Guarantor, as applicable, being the surviving corporation).

          “Proposed Acquisition Target” means any Person or any operating division thereof which is a
provider of ready-mixed concrete, concrete products, aggregates or related products and services to
the construction industry in the United States.

          “Protective Advances” means all expenses, disbursements and advances incurred by the
Administrative Agent pursuant to the Loan Documents after the occurrence and during the continuance
of an Event of Default that the Administrative Agent, in its sole discretion, exercised reasonably
and in good faith, deems necessary or desirable to preserve or protect the Collateral or any
portion thereof or to enhance the likelihood, or maximize the amount, of repayment of the
Obligations.

          “Purchasing Lender” has the meaning specified in Section 11.7 (Sharing of Payments, Etc.).

          “Ratable
Portion” or (other than in the expression “equally
and ratably”) “ratably” means,
with respect to any Lender, the percentage obtained by dividing (a) the Revolving Credit Commitment
of such Lender by (b) the aggregate Revolving Credit Commitments of all Lenders (or, at any time on
or after the Revolving Credit Termination Date, the percentage obtained by dividing the aggregate
outstanding principal balance of the Revolving Credit Outstandings owing to such Lender by the aggregate outstanding principal balance of the
Revolving Credit Outstandings owing to all Lenders).

          “Redi-Mix Acquisition” means the acquisition by the Borrower of all of the outstanding capital
stock Alliance Haulers, Inc., a Texas corporation (“AHI”), and Alberta Investments, Inc., a Texas
corporation (“AII”), pursuant to the terms of that certain Stock Purchase Agreement dated on or
about June 27, 2006 among the Borrower, AHI, AII, Atlas Concrete Inc. and Wild Rose Holdings Ltd.

          “Real Property” of any Person means the Land of such Person, together with the right, title
and interest of such Person, if any, in and to the streets, the Land lying in the bed of any
streets, roads or avenues, opened or proposed, in front of, the air space and development rights
pertaining to the Land and the right to use such air space and development rights, all rights

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of
way, privileges, liberties, tenements, hereditaments and appurtenances belonging or in any way
appertaining thereto, all fixtures, all easements now or hereafter benefiting the Land and all
royalties and rights appertaining to the use and enjoyment of the Land, including all alley, vault,
drainage, mineral, water, oil and gas rights, together with all of the buildings and other
improvements now or hereafter erected on the Land and any fixtures appurtenant thereto.

          “Register” has the meaning specified in Section 2.7(b) (Evidence of Debt).

          “Reimbursement Date” has the meaning specified in Section 2.4(h) (Letters of Credit).

          “Reimbursement Obligations” means, as and when matured, the obligation of the Borrower to pay,
on the date payment is made or scheduled to be made to the beneficiary under each such Letter of
Credit (or at such other date as may be specified in the applicable Letter of Credit Reimbursement
Agreement) and in the currency drawn (or in such other currency as may be specified in the
applicable Letter of Credit Reimbursement Agreement), all amounts of each drafts and other requests
for payments drawn under Letters of Credit, and all other matured reimbursement or repayment
obligations of the Borrower to any Issuer with respect to amounts drawn under Letters of Credit.

          “Related Documents” means the Indentures and each other document and instrument executed with
respect thereto.

          “Release” means, with respect to any Person, any release, spill, emission, leaking, pumping,
injection, deposit, disposal, discharge, dispersal, leaching or migration, in each case, of any
Contaminant into the indoor or outdoor environment or into or out of any property owned, leased or
operated by such Person, including the movement of Contaminants through or in the air, soil,
surface water, ground water or property.

          “Remedial Action” means all actions required to (a) clean up, remove, treat or in any other
way address any Contaminant in the indoor or outdoor environment, (b) prevent the Release or threat
of Release or minimize the further Release so that a Contaminant does not migrate or endanger or
threaten to endanger public health or welfare or the indoor or outdoor environment or (c) perform
pre-remedial studies and investigations and post-remedial monitoring and care.

          “Requirement of Law” means, with respect to any Person, the common law and all federal, state,
local and foreign laws, treaties, rules and regulations, orders, judgments, decrees and other
determinations of, concessions, grants, franchises, licenses and other Contractual Obligations
with, any Governmental Authority or arbitrator, applicable to or binding upon such Person or any of
its property or to which such Person or any of its property is subject.

          “Requisite Lenders” means, collectively, (a) on and after the Effective Date and to the
Revolving Credit Termination Date, Lenders (other than Non-Funding Lenders) having more than 50% of
the aggregate outstanding amount of the Revolving Credit Commitments (other than Revolving Credit
Commitments of Non-Funding Lenders), and (b) on or after the Revolving Credit Termination Date,
Lenders having more than 50% of the aggregate Revolving Credit Outstandings (other than Revolving
Credit Outstandings of Non-Funding Lenders).

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          “Responsible Officer” means, with respect to any Person, any of the principal executive
officers, managing members or general partners of such Person but, in any event, with respect to
financial matters, the chief financial officer, treasurer or controller of such Person.

          “Restricted Payment” means (a) any dividend, distribution or any other payment whether direct
or indirect, on account of any Stock or Stock Equivalent of the Borrower or any of its Subsidiaries
now or hereafter outstanding and (b) any redemption, retirement, sinking fund or similar payment,
purchase or other acquisition for value, direct or indirect, of any Stock or Stock Equivalent of
the Borrower or any of its Subsidiaries now or hereafter outstanding other than for Stock or Stock
Equivalents which do not constitute Disqualified Stock.

          “Revolving Credit Borrowing” means a borrowing consisting of Revolving Loans made on the same
day by the Revolving Credit Lenders ratably according to their respective Revolving Credit
Commitments.

          “Revolving Credit Commitment” means, with respect to each Revolving Credit Lender, the
commitment of such Revolving Credit Lender to make Revolving Loans and acquire interests in other
Revolving Credit Outstandings in the aggregate principal amount outstanding not to exceed the
amount set forth opposite such Revolving Credit Lender’s name on Schedule I (Commitments) under the
caption “Revolving Credit Commitment” (as amended to reflect each Assignment and Acceptance
executed by such Revolving Credit Lender) and as such amount may be reduced pursuant to this
Agreement, and each additional commitment by such Revolving Credit Lender that is included as part
of any Facilities Increase, as such amount may be reduced pursuant to this Agreement.

          “Revolving Credit Facility” means the Revolving Credit Commitments and the provisions herein
related to the Revolving Loans, Swing Loans and Letters of Credit.

          “Revolving Credit Lender” means each Lender other than the Swing Loan Lender.

          “Revolving Credit Note” means a promissory note of the Borrower payable to the order of any
Revolving Credit Lender in a principal amount equal to the amount of such Revolving Credit Lender’s
Revolving Credit Commitment evidencing the aggregate Indebtedness of the Borrower to such Revolving
Credit Lender resulting from the Revolving Loans owing to such Revolving Credit Lender.

          “Revolving Credit Outstandings” means, at any particular time, the sum of (a) the principal
amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations
outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

          “Revolving Credit Termination Date” shall mean the earliest of (a) the Scheduled Termination
Date, (b) the date of termination of all of the Revolving Credit Commitments pursuant to Section
2.5 (Reduction and Termination of the Commitments) and (c) the date on which the Obligations become
due and payable pursuant to Section 9.2 (Remedies).

          “Revolving Loan” has the meaning specified in Section 2.1(a) (The Commitments).

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          “S&P” means Standard & Poor’s Rating Services.

          “Sale and Leaseback Transaction” means any arrangement entered into by the Borrower or any
Subsidiary of the Borrower with any Person providing for the leasing to the Borrower or such
Subsidiary of any capital asset which has been or is to be sold or transferred by the Borrower or
such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced
by such Person on the security of such capital asset or rental obligations of the Borrower or such
Subsidiary.

          “Sarbanes-Oxley Act” means the United States Sarbanes-Oxley Act of 2002.

          “Scheduled Termination Date” means the seventh anniversary of the Closing Date.

          “Secured Obligations” means, in the case of the Borrower, the Obligations, and, in the case of
any other Loan Party, the obligations of such Loan Party under the Guaranty and the other Loan
Documents to which it is a party.

          “Secured Parties” means the Lenders, the Issuers, the Administrative Agent and any other
holder of any Secured Obligation.

          “Securities Account” has the meaning given to such term in the UCC.

          “Securities Account Control Agreement” has the meaning specified in the Pledge and Security
Agreement.

          “Securities Intermediary” has the meaning given to such term in the UCC.

          “Security” means any Stock, Stock Equivalent, voting trust certificate, bond, debenture, note
or other evidence of Indebtedness, whether secured, unsecured, convertible or subordinated, or any
certificate of interest, share or participation in, any temporary or interim certificate for the
purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the
foregoing, but shall not include any evidence of the Obligations.

          “Selling Lender” has the meaning specified in Section 11.7 (Sharing of Payments, Etc.).

          “Solvent” means, with respect to any Person as of any date of determination, that, as of such
date, (a) the value of the assets of such Person (both at fair value and present fair saleable
value) is greater than the total amount of liabilities (including contingent and unliquidated
liabilities) of such Person, (b) such Person is able to pay all liabilities of such Person as such
liabilities mature and (c) such Person does not have unreasonably small capital. In computing the
amount of contingent or unliquidated liabilities at any time, such liabilities shall be computed at
the amount that, in light of all the facts and circumstances existing at such time, represents the
amount that can reasonably be expected to become an actual or matured liability.

          “SPE” means any wholly-owned entity formed by the Borrower or any of its Subsidiaries after
the Closing Date.

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          “Special Purpose Vehicle” means any special purpose funding vehicle identified as such in
writing by any Lender to the Administrative Agent.

          “Standby Letter of Credit” means any Letter of Credit that is not a Documentary Letter of
Credit.

          “Stock” means shares of capital stock (whether denominated as common stock or preferred
stock), beneficial, partnership or membership interests, participations or other equivalents
(regardless of how designated) of or in a corporation, partnership, limited liability company or
equivalent entity, whether voting or non-voting.

          “Stock Equivalents” means all securities convertible into or exchangeable for Stock and all
warrants, options or other rights to purchase or subscribe for any Stock, whether or not presently
convertible, exchangeable or exercisable.

          “Subordinated Indebtedness” means unsecured Indebtedness of the Borrower or any Subsidiary
owing to any Person that is not a Loan Party that (a) is subordinated to the payment in full of the
Obligations on subordination terms reasonably satisfactory to the Administrative Agent and (b) to
the extent incurred on or after the Effective Date, (i) does not require any regularly scheduled
principal payments thereunder on any date which is earlier than six months following the Scheduled
Termination Date and (ii) does not require the Borrower or such Subsidiary to maintain any
financial covenant which could at any time restrict the amount available to be borrowed under this
Agreement (based upon the Revolving Credit Commitments as of the Effective Date).

          “Subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company or other business entity of which an aggregate of 50% or more of the outstanding
Voting Stock is, at the time, directly or indirectly, owned or controlled by such Person or one or
more Subsidiaries of such Person.

          “Subsidiary Guarantor” means each Subsidiary of the Borrower party to or that becomes party to
the Guaranty.

          “Substitute Institution” has the meaning specified in Section 2.17 (Substitution of Lenders).

          “Substitution Notice” has the meaning specified in Section 2.17 (Substitution of Lenders).

          “Supermajority Lenders” means, collectively, (a) on and after the Effective Date to the
Revolving Credit Termination Date, Lenders (other than Non-Funding Lenders) having 75% or more of
the aggregate outstanding amount of the Revolving Credit Commitments (other than Revolving Credit
Commitments of Non-Funding Lenders), and (b) on or after the Revolving Credit Termination Date,
Lenders having 75% or more of the aggregate Revolving Credit Outstandings (other than Revolving
Credit Outstandings of Non-Funding Lenders).

          “Swing Loan” has the meaning specified in Section 2.3 (Swing Loans).

          “Swing Loan Lender” means Citicorp or any other Revolving Credit Lender that becomes the
Administrative Agent or agrees, with the approval of the Administrative Agent and

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the Borrower, to
act as the Swing Loan Lender hereunder, in each case in its capacity as the Swing Loan Lender
hereunder.

          “Swing Loan Request” has the meaning specified in Section 2.3(b) (Swing Loans).

          “Swing Loan Sublimit” means $10,000,000.

          “Tax Affiliate” means, with respect to any Person, (a) any Subsidiary of such Person and (b)
any Affiliate of such Person with which such Person files or is eligible to file consolidated,
combined or unitary tax returns.

          “Tax Return” has the meaning specified in Section 4.8(a) (Taxes).

          “Taxes” has the meaning specified in Section 2.16(a) (Taxes).

          “Title IV Plan” means a pension plan, other than a Multiemployer Plan, covered by Title IV of
ERISA and to which the Borrower any of its Subsidiaries or any ERISA Affiliate has any obligation
or liability, contingent or otherwise.

          “Trigger Event” means (a) the occurrence of an Event of Default or (b) the failure of the
Availability Threshold to be satisfied for any period of 3 consecutive Business Days.

          “Trucks” means, with respect to each Borrowing Base Contributor, the ready-mix concrete trucks
and the mixing drums affixed thereto owned by such Borrowing Base Contributor.

          “UCC” has the meaning specified in the Pledge and Security Agreement.

          “Ultramajority Lenders” means collectively, (a) on and after the Effective Date and to the
Revolving Credit Termination Date, Lenders (other than Non-Funding Lenders) having 90% or more of
the aggregate outstanding amount of the Revolving Credit Commitments (other than Revolving Credit
Commitments of Non-Funding Lenders) and (b) on and after the Revolving Credit Termination Date,
Lenders having 90% or more of the Revolving Credit Outstandings (other than Revolving Credit
Outstandings of Non-Funding Lenders).

          “Unfunded Pension Liability” means, with respect to the Borrower or any of its Subsidiaries at
any time, the sum of (a) the amount, if any, by which the present value of all
accrued benefits under each Title IV Plan (other than any Title IV Plan subject to Section
4063 of ERISA) exceeds the fair market value of all assets of such Title IV Plan allocable to such
benefits in accordance with Title IV of ERISA, as determined as of the most recent valuation date
for such Title IV Plan using the actuarial assumptions in effect under such Title IV Plan, (b) the
aggregate amount of withdrawal liability that could be assessed under Section 4063 with respect to
each Title IV Plan subject to such section, separately calculated for each such Title IV Plan as of
its most recent valuation date and (c) for a period of five years following a transaction
reasonably likely to be covered by Section 4069 of ERISA, the liabilities (whether or not accrued)
that could be avoided by the Borrower, any of its Subsidiaries or any ERISA Affiliate as a result
of such transaction.

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          “Unused Commitment Fee” has the meaning specified in Section 2.12(a) (Fees).

          “Updated Appraisal” means each appraisal that is conducted after the Effective Date pursuant
to Section 6.12(b) (Borrowing Base) for purpose of determining the Borrowing Base, in form and
substance satisfactory to the Administrative Agent and performed by an appraiser that is
satisfactory to the Administrative Agent.

          “U.S. Lender” means each Lender or Issuer (or the Administrative Agent) that is a Domestic
Person.

          “Voting Stock” means Stock of any Person having ordinary power to vote in the election of
members of the board of directors, managers, trustees or other controlling Persons, of such Person
(irrespective of whether, at the time, Stock of any other class or classes of such entity shall
have or might have voting power by reason of the happening of any contingency).

          “Wholly-Owned Subsidiary” of any Person means any Subsidiary of such Person, all of the Stock
of which (other than director’s qualifying shares, local residents or other holders, in each case,
as may be required by law) is owned by such Person, either directly or indirectly through one or
more Wholly-Owned Subsidiaries of such Person.

          “Withdrawal Liability” means, with respect to the Borrower or any of its Subsidiaries at any
time, the aggregate liability incurred (whether or not assessed) with respect to all Multiemployer
Plans pursuant to Section 4201 of ERISA or for increases in contributions required to be made
pursuant to Section 4243 of ERISA.

          Section 1.2 Computation of Time Periods

          In this Agreement, in the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including” and the words “to” and “until” each mean
“to but excluding” and the word “through” means “to and including.”

          Section 1.3 Accounting Terms and Principles

          (a) Except as set forth below, all accounting terms not specifically defined herein shall be
construed in conformity with GAAP and all accounting determinations required to be made pursuant
hereto (including for purpose of measuring compliance with Article V (Financial Covenants) shall,
unless expressly otherwise provided herein, be made in conformity with GAAP.

          (b) If any change in the accounting principles used in the preparation of the most recent
Financial Statements referred to in Section 6.1 (Financial Statements) is hereafter required or
permitted by the rules, regulations, pronouncements and opinions of the Financial Accounting
Standards Board or the American Institute of Certified Public Accountants (or any successors
thereto) and such change is adopted by the Borrower with the agreement of the Borrower’s
Accountants and results in a change in any of the calculations required by Article V (Financial
Covenants) or VIII (Negative Covenants) that would not have resulted had such accounting change not
occurred, the parties hereto agree to enter into negotiations in order to amend such provisions so
as to equitably reflect such change such that the criteria for evaluating compliance with such
covenants by the Borrower shall be the same after such change as if such change had not been made;
provided, however, that no change in GAAP that would affect a

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calculation that measures compliance
with any provision of the Loan Documents shall be given effect until such provisions are amended to
reflect such changes in GAAP.

          (c) For purposes of making all financial calculations to determine compliance with Article V
(Financial Covenants) or Article VIII (Negative Covenants), all components of such calculations
shall be adjusted to include or exclude, as the case may be, without duplication, such components
of such calculations attributable to any business or assets that have been acquired by the Borrower
or any of its Subsidiaries (including through Permitted Acquisitions) after the first day of the
applicable period of determination and prior to the end of such period, as determined in good faith
by the Borrower on a Pro Forma Basis.

          Section 1.4 Certain Terms

          (a) The terms “herein,” “hereof”, “hereto” and “hereunder” and similar terms refer to this
Agreement as a whole and not to any particular Article, Section, subsection or clause in, this
Agreement.

          (b) Unless otherwise expressly indicated herein, (i) references in this Agreement to an
Exhibit, Schedule, Article, Section, clause or sub-clause refer to the appropriate Exhibit or
Schedule to, or Article, Section, clause or sub-clause in this Agreement and (ii) the words “above”
and “below”, when following a reference to a clause or a sub-clause of any Loan Document, refer to
a clause or sub-clause within, respectively, the same Section or clause.

          (c) Each agreement defined in this Article I shall include all appendices, exhibits and
schedules thereto. Unless the prior written consent of the Requisite Lenders is required hereunder
for an amendment, restatement, supplement or other modification to any such agreement and such
consent is not obtained, references in this Agreement to such agreement shall be to such agreement
as so amended, restated, supplemented or modified.

          (d) References in this Agreement to any statute shall be to such statute as amended or
modified from time to time and to any successor legislation thereto, in each case as in effect at
the time any such reference is operative.

          (e) The term “including” when used in any Loan Document means “including without limitation”
except when used in the computation of time periods.

          (f) The terms “Lender,” “Issuer” and “Administrative Agent” include, without limitation, their
respective successors.

          (g) Upon the appointment of any successor Administrative Agent pursuant to Section 10.7
(Successor Administrative Agent), references to Citicorp in Section 10.4 (The Administrative Agent
Individually) and to Citibank in the definitions of Base Rate and Eurodollar Rate shall be deemed
to refer to the financial institution then acting as the Administrative Agent or one of its
Affiliates if it so designates.

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ARTICLE II

The Facilities

          Section 2.1 The Commitments

          (a) Revolving Credit Commitments. On the Effective Date (a) all Revolving Loans under (and as
defined in) the Existing Credit Agreement shall be deemed to be Revolving Loans outstanding under
this Agreement and (b) on the terms and subject to the conditions contained in this Agreement, each
Revolving Credit Lender severally agrees to make loans in Dollars (each a “Revolving Loan”) to the
Borrower from time to time on any Business Day during the period from the Effective Date until the
Revolving Credit Termination Date in an aggregate principal amount at any time outstanding for all
such loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender’s Revolving
Credit Commitment; provided, however, that at no time shall any Revolving Credit Lender be
obligated to make a Revolving Loan in excess of such Revolving Credit Lender’s Ratable Portion of
the Available Credit. Within the limits of the Revolving Credit Commitment of each Revolving
Credit Lender, amounts of Revolving Loans repaid may be reborrowed under this Section 2.1.

          (b) Facilities Increase

          (i) The Borrower shall have the right to send to the Administrative Agent, after the
Effective Date, Facilities Increase Notices to request an increase (each, a “Facilities
Increase”) in the aggregate Revolving Credit Commitments in a principal amount not to
exceed $45,000,000 in the aggregate for all such Facilities Increase Notices; provided,
however, that (A) no Facilities Increase shall be effective later than one year prior to
the Scheduled Termination Date, (B) no Facilities Increase shall be effective earlier than
10 days after the delivery of the Facilities Increase Notice to the Administrative Agent in
respect of such Facilities Increase and (C) no more than 3 Facilities Increases shall be
made pursuant to this clause (b). Nothing in this Agreement shall be construed to obligate
any Lender to negotiate for (whether or not in good faith), solicit, provide or consent to
any increase in the Revolving Credit Commitments, and any such increase may be subject to
changes in any term herein.

          (ii) The Administrative Agent shall promptly notify each Revolving Credit Lender of
the proposed Facilities Increase and of the proposed terms and conditions therefor agreed
between the Borrower and the Administrative Agent. Each such Lender (and each of its
Affiliates and Approved Funds) may, in its sole discretion, commit to participate in such
Facilities Increase by forwarding its commitment to the Administrative Agent therefor in
form and substance satisfactory to the Administrative Agent. The Administrative Agent
shall allocate, in its sole discretion but in amounts not to exceed for each such Lender
the commitment received from such Lender, Affiliate or Approved Fund, the Revolving Credit
Commitments to be made as part of the Facilities
Increase to the Lenders from which it has received such written commitments. If the
Administrative Agent does not receive enough commitments from existing Revolving Credit
Lenders or their Affiliates or Approved Funds, it may, after consultation with the
Borrower, allocate to Eligible Assignees any excess of the proposed amount of such
Facilities Increase agreed with the Borrower over the aggregate amounts of the commitments
received from existing Revolving Credit Lenders.

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          (iii) Each Facilities Increase shall become effective on a date agreed by the Borrower
and the Administrative Agent (each a “Facilities Increase Date”), which shall be in any
case on or after the date of satisfaction of the conditions precedent set forth in Section
3.4 (Conditions Precedent to Each Facilities Increase). The Administrative Agent shall
notify the Lenders and the Borrower, on or before 1:00 p.m. (New York City time) on the day
following the Facilities Increase Date of the effectiveness of the Facilities Increase on
the Facilities Increase Date and shall record in the Register all applicable additional
information in respect of such Facilities Increase.

          (iv) On the Facilities Increase Date for any Facilities Increase, each Lender or
Eligible Assignee participating in such Facilities Increase shall purchase from each
existing Revolving Credit Lender having Revolving Loans outstanding on such Facilities
Increase Date, without recourse or warranty, an undivided interest and participation, to
the extent of such Revolving Credit Lender’s Ratable Portion of the new Revolving Credit
Commitments (after giving effect to such Facilities Increase), in the aggregate outstanding
Revolving Loans, so as to ensure that, on the Facilities Increase Date after giving effect
to such Facilities Increase, each Revolving Credit Lender is owed only its Ratable Portion
of the Revolving Loans outstanding on such Facilities Increase Date.

          Section 2.2 Borrowing Procedures

          (a) Each Revolving Credit Borrowing shall be made on notice given by the Borrower to the
Administrative Agent not later than 11:00 a.m. (New York time) (i) 1 Business Day, in the case of a
Revolving Credit Borrowing of Base Rate Loans, and (ii) 3 Business Days, in the case of a Revolving
Credit Borrowing of Eurodollar Rate Loans, prior to the date of the proposed Revolving Credit
Borrowing. Each such notice shall be in substantially the form of Exhibit C-1 (Form of Notice of
Revolving Credit Borrowing) (a “Notice of Revolving Credit Borrowing”), specifying (A) the date of
such proposed Revolving Credit Borrowing, (B) the aggregate amount of such proposed Revolving
Credit Borrowing, (C) whether any portion of the proposed Revolving Credit Borrowing will be of
Base Rate Loans or Eurodollar Rate Loans, (D) the initial Interest Period or Periods for any such
Eurodollar Rate Loans and (E) in the case of a proposed Revolving Credit Borrowing, the Available
Credit (after giving effect to such proposed Revolving Credit Borrowing). The Loans shall be made
as Base Rate Loans unless, subject to Section 2.14 (Special Provisions Governing Eurodollar Rate
Loans), the Notice of Revolving Credit Borrowing specifies that all or a portion thereof shall be
Eurodollar Rate Loans. Notwithstanding anything to the contrary contained in Section 2.3(a) (Swing
Loans), if any Notice of Revolving Credit Borrowing requests a Revolving Credit Borrowing of Base
Rate Loans, the Administrative Agent may make a Swing Loan available to the Borrower in an
aggregate amount not to exceed such proposed Revolving Credit Borrowing, and the aggregate amount
of the corresponding proposed Revolving Credit Borrowing shall be reduced accordingly by the
principal amount of such Swing Loan. Each Revolving Credit Borrowing shall be in an aggregate
amount of not less than $1,000,000 or an integral multiple of $500,000 in excess thereof.

          (b) The Administrative Agent shall give to each Revolving Credit Lender prompt notice of the
Administrative Agent’s receipt of a Notice of Revolving Credit Borrowing and, if Eurodollar Rate
Loans are properly requested in such Notice of Revolving Credit Borrowing, the applicable interest
rate determined pursuant to Section 2.14(a) (Determination of Interest Rate). Each Lender shall,
before 11:00 a.m. (New York time) on the date of the proposed

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Revolving Credit Borrowing, make available to the Administrative Agent at its address referred
to in Section 11.8 (Notices, Etc.), in immediately available funds, such Lender’s Ratable Portion
of such proposed Revolving Credit Borrowing. Upon fulfillment (or due waiver in accordance with
Section 11.1 (Amendments, Waivers, Etc.)) (i) on the Effective Date, of the applicable conditions
set forth in Section 3.1 (Conditions Precedent to Effective Date) and (ii) at any time (including
the Effective Date), of the applicable conditions set forth in Section 3.2 (Conditions Precedent to
Each Loan and Letter of Credit) and Section 3.3 (Determinations of Revolving Credit Borrowing
Conditions), as the case may be, and after the Administrative Agent’s receipt of such funds, the
Administrative Agent shall make such funds available to the Borrower.

          (c) Unless the Administrative Agent shall have received notice from a Lender prior to the date
of any proposed Revolving Credit Borrowing that such Lender will not make available to the
Administrative Agent such Lender’s Ratable Portion of such Revolving Credit Borrowing (or any
portion thereof), the Administrative Agent may assume that such Lender has made such Ratable
Portion available to the Administrative Agent on the date of such Revolving Credit Borrowing in
accordance with this Section 2.2 and the Administrative Agent may, in reliance upon such
assumption, make available to the Borrower on such date a corresponding amount. If and to the
extent that such Lender shall not have so made such Ratable 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 Revolving Credit Borrowing and (ii) in the case of such Lender, the Federal Funds
Rate for the first Business Day and thereafter at the interest rate applicable at the time to the
Loans comprising such Revolving Credit Borrowing. If such Lender shall repay to the Administrative
Agent such corresponding amount, such corresponding amount so repaid shall constitute such Lender’s
Loan as part of such Revolving Credit Borrowing for purposes of this Agreement. If the Borrower
shall repay to the Administrative Agent such corresponding amount, such payment shall not relieve
such Lender of any obligation it may have hereunder to the Borrower.

          (d) The failure of any Lender to make on the date specified any Loan or any payment required
by it (such Lender being a “Non-Funding Lender”), including any payment in respect of its
participation in Swing Loans and Letter of Credit Obligations, shall not relieve any other Lender
of its obligations to make such Loan or payment on such date but no such other Lender shall be
responsible for the failure of any Non-Funding Lender to make a Loan or payment required under this
Agreement.

          Section 2.3 Swing Loans

          (a) On the terms and subject to the conditions contained in this Agreement, the Swing Loan
Lender may, in its sole discretion, make, in Dollars, loans (each a “Swing Loan”) otherwise
available to the Borrower under the Revolving Credit Facility from time to time on any Business Day
during the period from the Effective Date until the Revolving Credit Termination Date in an
aggregate principal amount at any time outstanding (together with the aggregate outstanding
principal amount of any other Loan made by the Swing Loan Lender hereunder in its capacity as a
Lender or the Swing Loan Lender) not to exceed the Swing Loan Sublimit; provided, however, that at
no time shall the Swing Loan Lender make any Swing Loan to the extent that, after giving effect to
such Swing Loan, the aggregate Revolving Credit Outstandings would exceed the Maximum Credit. Each
Swing Loan shall be a Base Rate Loan and must be

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repaid in full upon any Revolving Credit Borrowing hereunder and shall in any event mature no
later than the Revolving Credit Termination Date. Within the limits set forth in the first
sentence of this clause (a), amounts of Swing Loans repaid may be reborrowed under this clause (a).

          (b) In order to request a Swing Loan, the Borrower shall telecopy (or forward by electronic
mail or similar means) to the Administrative Agent a duly completed request in substantially the
form of Exhibit D (Form of Swing Loan Request), setting forth the requested amount and date of such
Swing Loan (a “Swing Loan Request”), to be received by the Administrative Agent not later than 1:00
p.m. (New York time) on the day of the proposed Revolving Credit Borrowing. The Administrative
Agent shall promptly notify the Swing Loan Lender of the details of the requested Swing Loan.
Subject to the terms of this Agreement, the Swing Loan Lender may make a Swing Loan available to
the Administrative Agent and, in turn, the Administrative Agent shall make such amounts available
to the Borrower on the date of the relevant Swing Loan Request. The Swing Loan Lender shall not
make any Swing Loan in the period commencing on the first Business Day after it receives written
notice from the Administrative Agent or any Revolving Credit Lender that one or more of the
conditions precedent contained in Section 3.2 (Conditions Precedent to Each Loan and Letter of
Credit) shall not on such date be satisfied, and ending when such conditions are satisfied. The
Swing Loan Lender shall not otherwise be required to determine that, or take notice whether, the
conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and Letter of
Credit) have been satisfied in connection with the making of any Swing Loan.

          (c) The Swing Loan Lender shall notify the Administrative Agent in writing (which writing may
be a telecopy or electronic mail) weekly, by no later than 10:00 a.m. (New York time) on the first
Business Day of each week, of the aggregate principal amount of its Swing Loans then outstanding.

          (d) The Swing Loan Lender may demand at any time that each Revolving Credit Lender pay to the
Administrative Agent, for the account of the Swing Loan Lender, in the manner provided in clause
(e) below, such Revolving Credit Lender’s Ratable Portion of all or a portion of the outstanding
Swing Loans, which demand shall be made through the Administrative Agent, shall be in writing and
shall specify the outstanding principal amount of Swing Loans demanded to be paid.

          (e) The Administrative Agent shall forward each notice referred to in clause (c) above and
each demand referred to in clause (d) above to each Revolving Credit Lender on the day such notice
or such demand is received by the Administrative Agent (except that any such notice or demand
received by the Administrative Agent after 2:00 p.m. (New York time) on any Business Day or any
such demand received on a day that is not a Business Day shall not be required to be forwarded to
the Revolving Credit Lenders by the Administrative Agent until the next succeeding Business Day),
together with a statement prepared by the Administrative Agent specifying the amount of each
Revolving Credit Lender’s Ratable Portion of the aggregate principal amount of the Swing Loans
stated to be outstanding in such notice or demanded to be paid pursuant to such demand, and,
notwithstanding whether or not the conditions precedent set forth in Sections 3.2 (Conditions
Precedent to Each Loan and Letter of Credit) and 2.1 (Revolving Credit Commitments) shall have been
satisfied (which conditions precedent the Revolving Credit Lenders hereby irrevocably waive), each
Revolving Credit Lender shall, before 11:00 a.m. (New York time) on the Business Day next
succeeding the date of such Revolving Credit Lender’s receipt of such notice or demand, make
available to the Administrative Agent, in immediately available funds, for the account of the Swing
Loan Lender,

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the amount specified in such statement. Upon such payment by a Revolving Credit Lender, such
Revolving Credit Lender shall, except as provided in clause (f) below, be deemed to have made a
Revolving Loan to the Borrower. The Administrative Agent shall use such funds to repay the Swing
Loans to the Swing Loan Lender. To the extent that any Revolving Credit Lender fails to make such
payment available to the Administrative Agent for the account of the Swing Loan Lender, the
Borrower shall repay such Swing Loan on demand.

          (f) Upon the occurrence of a Default under Section 9.1(f) (Events of Default), each Revolving
Credit Lender shall acquire, without recourse or warranty, an undivided participation in each Swing
Loan otherwise required to be repaid by such Revolving Credit Lender pursuant to clause (e) above,
which participation shall be in a principal amount equal to such Revolving Credit Lender’s Ratable
Portion of such Swing Loan, by paying to the Swing Loan Lender on the date on which such Revolving
Credit Lender would otherwise have been required to make a payment in respect of such Swing Loan
pursuant to clause (e) above, in immediately available funds, an amount equal to such Revolving
Credit Lender’s Ratable Portion of such Swing Loan. If all or part of such amount is not in fact
made available by such Revolving Credit Lender to the Swing Loan Lender on such date, the Swing
Loan Lender shall be entitled to recover any such unpaid amount on demand from such Revolving
Credit Lender together with interest accrued from such date at the Federal Funds Rate for the first
Business Day after such payment was due and thereafter at the rate of interest then applicable to
Base Rate Loans.

          (g) From and after the date on which any Revolving Credit Lender (i) is deemed to have made a
Revolving Loan pursuant to clause (e) above with respect to any Swing Loan or (ii) purchases an
undivided participation interest in a Swing Loan pursuant to clause (f) above, the Swing Loan
Lender shall promptly distribute to such Revolving Credit Lender such Revolving Credit Lender’s
Ratable Portion of all payments of principal of and interest received by the Swing Loan Lender on
account of such Swing Loan other than those received from a Revolving Credit Lender pursuant to
clause (e) or (f) above.

          Section 2.4 Letters of Credit

          (a) On the Effective Date (x) all Letters of Credit under the Existing Credit Agreement shall
be deemed to be Letters of Credit outstanding under this Agreement and (y) on the terms and subject
to the conditions contained in this Agreement, each Issuer agrees to Issue at the request of the
Borrower and for the account of the Borrower one or more Letters of Credit from time to time on any
Business Day during the period commencing on the Effective Date and ending on the earlier of the
Revolving Credit Termination Date and 30 days prior to the Scheduled Termination Date; provided,
however, that no Issuer shall be under any obligation to Issue (and, upon the occurrence of any of
the events described in clauses (ii), (iii), (iv), (v) and (vi)(A) below, shall not Issue) any
Letter of Credit upon the occurrence of any of the following:

          (i) any order, judgment or decree of any Governmental Authority or arbitrator shall
purport by its terms to enjoin or restrain such Issuer from Issuing such Letter of Credit
or any Requirement of Law applicable to such Issuer or any request or directive (whether or
not having the force of law) from any Governmental Authority with jurisdiction over such
Issuer shall prohibit, or request that such Issuer refrain from, the Issuance of letters of
credit generally or such Letter of Credit in particular or shall impose upon such Issuer
with respect to such Letter of Credit any restriction or reserve or capital requirement
(for which such Issuer is not otherwise compensated) not in effect on the Effective Date or
result in any unreimbursed loss, cost or expense that was not applicable,

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in effect or known to such Issuer as of the Effective Date and that such Issuer in
good faith deems material to it (for which such Issuer is not otherwise compensated);

          (ii) such Issuer shall have received any written notice of the type described in
clause (d) below;

          (iii) after giving effect to the Issuance of such Letter of Credit, the aggregate
Revolving Credit Outstandings would exceed the Maximum Credit at such time;

          (iv) after giving effect to the Issuance of such Letter of Credit, the sum of (i) the
Letter of Credit Undrawn Amounts at such time and (ii) the Reimbursement Obligations at
such time exceeds the Letter of Credit Sublimit;

          (v) such Letter of Credit is requested to be denominated in any currency other than
Dollars; or

          (vi) (A) any fees due in connection with a requested Issuance have not been paid, (B)
such Letter of Credit is requested to be Issued in a form that is not reasonably acceptable
to such Issuer or (C) the Issuer for such Letter of Credit shall not have received, in form
and substance reasonably acceptable to it and, if applicable, duly executed by such
Borrower, applications, agreements and other documentation (collectively, a “Letter of
Credit Reimbursement Agreement”) such Issuer generally employs in the ordinary course of
its business for the Issuance of letters of credit of the type of such Letter of Credit.

None of the Revolving Credit Lenders (other than the Issuers in their capacity as such) shall have
any obligation to Issue any Letter of Credit.

          (b) In no event shall the expiration date of any Letter of Credit (i) be more than one year
after the date of issuance thereof or (ii) be less than 5 days prior to the Scheduled Termination
Date; provided, however, that any Letter of Credit with a term less than or equal to one year may
provide for the renewal thereof for additional periods less than or equal to one year, as long as,
(x) on or before the expiration of each such term and each such period, the Borrower and the Issuer
of such Letter or Credit shall have the option to prevent such renewal and (y) neither the Issuer
nor the Borrower shall permit any such renewal to extend the expiration date of any Letter beyond
the date set forth in clause (ii) above.

          (c) In connection with the Issuance of each Letter of Credit, the Borrower shall give the
relevant Issuer and the Administrative Agent at least 2 Business Days’ prior written notice, in
substantially the form of Exhibit E (Form of Letter of Credit Request) (or in such other written or
electronic form as is acceptable to the Issuer), of the requested Issuance of such Letter of Credit
(a “Letter of Credit Request”). Such notice shall be irrevocable and shall specify the Issuer of
such Letter of Credit, the face amount of the Letter of Credit requested, the date of Issuance of
such requested Letter of Credit, the date on which such Letter of Credit is to expire (which date
shall be a Business Day) and, in the case of an issuance, the Person for whose benefit the
requested Letter of Credit is to be issued. Such notice, to be effective, must be received by the
relevant Issuer and the Administrative Agent not later than 11:00 a.m. (New York time) on the
second Business Day prior to the requested Issuance of such Letter of Credit.

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          (d) Subject to the satisfaction of the conditions set forth in this Section 2.4, the relevant
Issuer shall, on the requested date, Issue a Letter of Credit on behalf of the Borrower in
accordance with such Issuer’s usual and customary business practices. No Issuer shall Issue any
Letter of Credit in the period commencing on the first Business Day after it receives written
notice from any Revolving Credit Lender that one or more of the conditions precedent contained in
Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) or clause (a) above (other
than those conditions set forth in clauses (a)(i), (a)(vi)(B) and (C) above and, to the extent such
clause relates to fees owing to the Issuer of such Letter of Credit and its Affiliates, clause
(a)(vi)(A) above) are not on such date satisfied or duly waived and ending when such conditions are
satisfied or duly waived. No Issuer shall otherwise be required to determine that, or take notice
whether, the conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and
Letter of Credit) have been satisfied in connection with the Issuance of any Letter of Credit.

          (e) The Borrower agrees that, if requested by the Issuer of any Letter of Credit, it shall
execute a Letter of Credit Reimbursement Agreement in respect to any Letter of Credit Issued
hereunder. In the event of any conflict between the terms of any Letter of Credit Reimbursement
Agreement and this Agreement, the terms of this Agreement shall govern.

          (f) Each Issuer shall comply with the following:

          (i) give the Administrative Agent written notice (or telephonic notice confirmed
promptly thereafter in writing), which writing may be a telecopy or electronic mail, of the
Issuance of any Letter of Credit Issued by it, of all drawings under any Letter of Credit
Issued by it and of the payment (or the failure to pay when due) by the Borrower of any
Reimbursement Obligation when due (which notice the Administrative Agent shall promptly
transmit by telecopy, electronic mail or similar transmission to each Revolving Credit
Lender);

          (ii) upon the request of any Revolving Credit Lender, furnish to such Revolving Credit
Lender copies of any Letter of Credit Reimbursement Agreement to which such Issuer is a
party and such other documentation as may reasonably be requested by such Revolving Credit
Lender; and

          (iii) no later than 10 Business Days following the last day of each calendar month,
provide to the Administrative Agent (and the Administrative Agent shall provide a copy to
each Revolving Credit Lender requesting the same) and the Borrower separate schedules for
Documentary Letters of Credit and Standby Letters of Credit issued by it, in form and
substance reasonably satisfactory to the Administrative Agent, setting forth the aggregate
Letter of Credit Obligations, in each case outstanding at the end of each month, and any
information requested by the Borrower or the Administrative Agent relating thereto.

          (g) Immediately upon the issuance by an Issuer of a Letter of Credit in accordance with the
terms and conditions of this Agreement, such Issuer shall be deemed to have sold and transferred to
each Revolving Credit Lender, and each Revolving Credit Lender shall be deemed irrevocably and
unconditionally to have purchased and received from such Issuer, without recourse or warranty, an
undivided interest and participation, to the extent of such Revolving Credit Lender’s Ratable
Portion, in such Letter of Credit and the obligations of the

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Borrower with respect thereto (including all Letter of Credit Obligations with respect
thereto) and any security therefor and guaranty pertaining thereto.

          (h) The Borrower agrees to pay to the Issuer of any Letter of Credit the amount of all
Reimbursement Obligations owing to such Issuer under any Letter of Credit issued for its account no
later than the date that is the next succeeding Business Day after the Borrower receives written
notice from such Issuer that payment has been made under such Letter of Credit (the “Reimbursement
Date”), irrespective of any claim, set-off, defense or other right that the Borrower may have at
any time against such Issuer or any other Person. In the event that any Issuer makes any payment
under any Letter of Credit and the Borrower shall not have repaid such amount to such Issuer
pursuant to this clause (h) or any such payment by the Borrower is rescinded or set aside for any
reason, such Reimbursement Obligation shall be payable on demand with interest thereon computed (i)
from the date on which such Reimbursement Obligation arose to the Reimbursement Date, at the rate
of interest applicable during such period to Revolving Loans that are Base Rate Loans and (ii) from
the Reimbursement Date until the date of repayment in full, at the rate of interest applicable
during such period to past due Revolving Loans that are Base Rate Loans, and such Issuer shall
promptly notify the Administrative Agent, which shall promptly notify each Revolving Credit Lender
of such failure, and each Revolving Credit Lender shall promptly and unconditionally pay to the
Administrative Agent for the account of such Issuer the amount of such Revolving Credit Lender’s
Ratable Portion of such payment in immediately available Dollars. If the Administrative Agent so
notifies such Revolving Credit Lender prior to 11:00 a.m. (New York time) on any Business Day, such
Revolving Credit Lender shall make available to the Administrative Agent for the account of such
Issuer its Ratable Portion of the amount of such payment on such Business Day in immediately
available funds. Upon such payment by a Revolving Credit Lender, such Revolving Credit Lender
shall, except during the continuance of a Default or Event of Default under Section 9.1(f) (Events
of Default) and notwithstanding whether or not the conditions precedent set forth in Section 3.2
(Conditions Precedent to Each Loan and Letter of Credit) shall have been satisfied (which
conditions precedent the Revolving Credit Lenders hereby irrevocably waive), be deemed to have made
a Revolving Loan to the Borrower in the principal amount of such payment. Whenever any Issuer
receives from the Borrower a payment of a Reimbursement Obligation as to which the Administrative
Agent has received for the account of such Issuer any payment from a Revolving Credit Lender
pursuant to this clause (h), such Issuer shall pay over to the Administrative Agent any amount
received in excess of such Reimbursement Obligation and, upon receipt of such amount, the
Administrative Agent shall promptly pay over to each Revolving Credit Lender, in immediately
available funds, an amount equal to such Revolving Credit Lender’s Ratable Portion of the amount of
such payment adjusted, if necessary, to reflect the respective amounts the Revolving Credit Lenders
have paid in respect of such Reimbursement Obligation.

          (i) If and to the extent such Revolving Credit Lender shall not have so made its Ratable
Portion of the amount of the payment required by clause (h) above available to the Administrative
Agent for the account of such Issuer, such Revolving Credit Lender agrees to pay to the
Administrative Agent for the account of such Issuer forthwith on demand any such unpaid amount
together with interest thereon, for the first Business Day after payment was first due at the
Federal Funds Rate and, thereafter, until such amount is repaid to the Administrative Agent for the
account of such Issuer, at a rate per annum equal to the rate applicable to Base Rate Loans.

          (j) The Borrower’s obligation to pay each Reimbursement Obligation and the obligations of the
Revolving Credit Lenders to make payments to the Administrative Agent

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for the account of the Issuers with respect to Letters of Credit shall be absolute,
unconditional and irrevocable and shall be performed strictly in accordance with the terms of this
Agreement, under any and all circumstances whatsoever, including the occurrence of any Default or
Event of Default, and irrespective of any of the following:

          (i) any lack of validity or enforceability of any Letter of Credit or any Loan
Document, or any term or provision therein;

          (ii) any amendment or waiver of or any consent to departure from all or any of the
provisions of any Letter of Credit or any Loan Document;

          (iii) the existence of any claim, set off, defense or other right that the Borrower,
any other party guaranteeing, or otherwise obligated with, the Borrower, any Subsidiary or
other Affiliate thereof or any other Person may at any time have against the beneficiary
under any Letter of Credit, any Issuer, the Administrative Agent or any Lender or any other
Person, whether in connection with this Agreement, any other Loan Document or any other
related or unrelated agreement or transaction;

          (iv) any draft or other document presented under a Letter of Credit proving to be
forged, fraudulent, invalid or insufficient in any respect or any statement therein being
untrue or inaccurate in any respect;

          (v) payment by the Issuer under a Letter of Credit against presentation of a draft or
other document that does not comply with the terms of such Letter of Credit; and

          (vi) any other act or omission to act or delay of any kind of the Issuer, the Lenders,
the Administrative Agent or any other Person or any other event or circumstance whatsoever,
whether or not similar to any of the foregoing, that might, but for the provisions of this
Section 2.4, constitute a legal or equitable discharge of the Borrower’s obligations
hereunder.

Any action taken or omitted to be taken by the relevant Issuer under or in connection with any
Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct,
shall not result in any liability of such Issuer to the Borrower or any Lender. In determining
whether drafts and other documents presented under a Letter of Credit comply with the terms
thereof, the Issuer may accept documents that appear on their face to be in order, without
responsibility for further investigation, regardless of any notice or information to the contrary
and, in making any payment under any Letter of Credit, the Issuer may rely exclusively on the
documents presented to it under such Letter of Credit as to any and all matters set forth therein,
including reliance on the amount of any draft presented under such Letter of Credit, whether or not
the amount due to the beneficiary thereunder equals the amount of such draft and whether or not any
document presented pursuant to such Letter of Credit proves to be insufficient in any respect, if
such document on its face appears to be in order, and whether or not any other statement or any
other document presented pursuant to such Letter of Credit proves to be forged or invalid or any
statement therein proves to be inaccurate or untrue in any respect whatsoever, and any
noncompliance in any immaterial respect of the documents presented under such Letter of Credit with
the terms thereof shall, in each case, be deemed not to constitute willful misconduct or gross
negligence of the Issuer.

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          Section 2.5 Reduction and Termination of the Commitments

          The Borrower may, upon at least 5 Business Days’ prior notice to the Administrative Agent,
terminate in whole or reduce in part ratably the unused portions of the respective Revolving Credit
Commitments of the Revolving Credit Lenders; provided, however, that each partial reduction shall
be in an aggregate amount of not less than $1,000,000 or an integral multiple of $500,000 in excess
thereof. In addition, all outstanding Revolving Credit Commitments shall terminate on the
Scheduled Termination Date.

          Section 2.6 Repayment of Loans

          The Borrower promises to repay the entire unpaid principal amount of the Revolving Loans and
the Swing Loans on the Scheduled Termination Date or earlier, if otherwise required by the terms
hereof.

          Section 2.7 Evidence of Debt

          (a) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing Indebtedness of the Borrower to such Lender resulting from each Loan of 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.

          (b) (i) The Administrative Agent, acting as agent of the Borrower solely for this purpose and
for tax purposes, shall establish and maintain at its address referred to in Section 11.8 (Notices,
Etc.) a record of ownership (the “Register”) in which the Administrative Agent agrees to register
by book entry the Administrative Agent’s, each Lender’s and each Issuer’s interest in each Loan,
each Letter of Credit and each Reimbursement Obligation, and in the right to receive any payments
hereunder and any assignment of any such interest or rights. In addition, the Administrative
Agent, acting as agent of the Borrower solely for this purpose and for tax purposes, shall
establish and maintain accounts in the Register in accordance with its usual practice in which it
shall record (i) the names and addresses of the Lenders and the Issuers, (ii) the Revolving Credit
Commitments of each Lender from time to time, (iii) the amount of each Loan made and, if a
Eurodollar Rate Loan, the Interest Period applicable thereto, (iv) the amount of any drawn Letters
of Credit, (v) the amount of any principal or interest due and payable, and paid, by the Borrower
to, or for the account of, each Lender hereunder, (vi) the amount that is due and payable, and
paid, by the Borrower to, or for the account of, each Issuer, including the amount of Letter Credit
Obligations (specifying the amount of any Reimbursement Obligations) due and payable to an Issuer,
and (vii) the amount of any sum received by the Administrative Agent hereunder from the Borrower,
whether such sum constitutes principal or interest (and the type of Loan to which it applies),
fees, expenses or other amounts due under the Loan Documents and each Lender’s and Issuer’s, as the
case may be, share thereof, if applicable.

          (ii) Notwithstanding anything to the contrary contained in this Agreement, the Loans
(including the Revolving Credit Notes evidencing such Loans) and the Reimbursement
Obligations are registered obligations and the right, title, and interest of the Lenders
and the Issuers and their assignees in and to such Loans or Reimbursement Obligations, as
the case may be, shall be transferable only upon notation of such transfer in the Register.
A Revolving Credit Note shall only evidence the Lender’s or a registered assignee’s right,
title and interest in and to the related Loan, and in no event is any such Revolving Credit
Note to be considered a bearer instrument or obligation. This Section

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2.7(c) and Section 11.2 shall be construed so that the Loans and Reimbursement
Obligations are at all times maintained in “registered form” within the meaning of Sections
163(f), 871(h)(2) and 881(c)(2) of the Code and any related regulations (or any successor
provisions of the Code or such regulations).

          (c) The entries made in the Register and in the accounts therein maintained pursuant to
clauses (a) and (b) above shall, to the extent permitted by applicable law, be prima facie evidence
of the existence and amounts of the obligations recorded therein; provided, however, that the
failure of any Lender or the Administrative Agent to maintain such accounts or any error therein
shall not in any manner affect the obligations of the Borrower to repay the Loans in accordance
with their terms. In addition, the Loan Parties, the Administrative Agent, the Lenders and the
Issuers shall treat each Person whose name is recorded in the Register as a Lender or as an Issuer,
as applicable, for all purposes of this Agreement. Information contained in the Register with
respect to any Lender or Issuer shall be available for inspection by the Borrower, the
Administrative Agent, such Lender or such Issuer at any reasonable time and from time to time upon
reasonable prior notice.

          (d) Notwithstanding any other provision of the Agreement, in the event that any Lender
requests that the Borrower execute and deliver a promissory note or notes payable to such Lender in
order to evidence the Indebtedness owing to such Lender by the Borrower hereunder, the Borrower
shall promptly execute and deliver a Revolving Credit Note or Notes to such Lender evidencing the
Revolving Loans of such Lender, substantially in the form of Exhibit B-1 (Form of Revolving Credit
Note).

          (e) In each case where a Revolving Credit Lender purchases an undivided participation interest
in a Swing Loan pursuant to Section 2.3(f), the Swing Loan Lender (i) shall keep a register meeting
the requirements of Treasury Regulation section 5f.103-1(c) of each Revolving Credit Lender’s
entitlement to payments of principal and interest with respect to each such Swing Loan and (ii)
shall collect, prior to the time such Revolving Credit Lender receives payment with respect to such
Swing Loan, from each such Revolving Credit Lender the appropriate forms, certificates and
statements described in Section 2.16 (Taxes) (and updated as required by Section 2.16).

          Section 2.8 Optional Prepayments

          The Borrower may prepay the outstanding principal amount of the Revolving Loans and Swing
Loans in whole or in part at any time; provided, however, that if any prepayment of any Eurodollar
Rate Loan is made by the Borrower other than on the last day of an Interest Period for such Loan,
the Borrower shall also pay any amount owing pursuant to Section 2.14(e) (Breakage Costs).

          Section 2.9 Mandatory Prepayments

          (a) Prepayments of Revolving Loans. Upon receipt by the Borrower or any of its Subsidiaries
of Net Cash Proceeds arising (i) from an Asset Sale, Property Loss Event or Debt Issuance, the
Borrower shall immediately prepay the Revolving Loans in an amount equal to 100% of such Net Cash
Proceeds and (ii) from an Equity Issuance, the Borrower shall immediately prepay the Revolving
Loans in an amount equal to 50% of such Net Cash Proceeds. Any such mandatory prepayment shall be
applied in accordance with clause (b) below. The Borrower shall also prepay the Revolving Loans to
the extent required by clause (c) below.

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          (b) Application of Prepayments of Revolving Loans. Subject to the provisions of Section
2.13(g) (Payments and Computations), any prepayments made by the Borrower required to be applied in
accordance with this clause (b) shall be applied as follows: first, to repay the outstanding
principal balance of the Swing Loans until such Swing Loans shall have been repaid in full; and
then, to repay the outstanding principal balance of the Revolving Loans until such Revolving Loans
shall have been paid in full. No repayments of Revolving Loans and Swing Loans required to be made
pursuant to this clause (b) shall result in a permanent reduction of the Revolving Credit
Commitments.

          (c) Revolving Credit Overages. If at any time, the aggregate principal amount of Revolving
Credit Outstandings exceeds the Maximum Credit at such time, the Borrower shall forthwith prepay
the Swing Loans first and then the Revolving Loans then outstanding in an amount equal to such
excess. If any such excess remains after repayment in full of the aggregate outstanding Swing
Loans and Revolving Loans, the Borrower shall provide cash collateral for the Letter of Credit
Obligations in the manner set forth in Section 9.3 (Actions in Respect of Letters of Credit) in an
amount equal to 105% of such excess.

          (d) [Reserved]

          (e) Cash Collateral Account. The Borrower hereby irrevocably waives the right to direct,
during a Liquidity Event Period, the application of all funds in the Cash Collateral Account and
agrees that the Administrative Agent shall, except as provided in Section 2.13(g) (Payments and
Computations) and clause (b) above, during a Liquidity Event Period apply all payments in respect
of any Obligations and all available funds in the Cash Collateral Account on a daily basis as
follows: first, if such date is an Interest Payment Date, to accrued but unpaid interest on the
Loans, ratably; second, to repay the outstanding principal amount of the Swing Loans until such
Swing Loans have been repaid in full; third, to repay the outstanding principal balance of the
Revolving Loans until such Revolving Loans shall have been repaid in full; fourth, only if a
Default has occurred and is continuing, to be held as cash collateral for the Letter of Credit
Obligations in the manner set forth in Section 9.3 (Actions in Respect of Letters of Credit) in an
amount equal to 105% of the aggregate Letter of Credit Undrawn Amounts; fifth to any other
Obligation then due and payable; and then as otherwise directed by the Borrower. The
Administrative Agent agrees so to apply such funds and the Borrower consents to such application.
If (i) following such application or (ii) after all Letters of Credit shall have expired or be
fully drawn and all Revolving Credit Commitments shall have been terminated, there are no Loans
outstanding and no other Obligations that are then due and payable, then the Administrative Agent
shall cause any remaining funds in the Cash Collateral Account to be paid at the written direction
of the Borrower (or, in the absence of such direction, to the Borrower or another Person lawfully
entitled thereto).

          Section 2.10 Interest

          (a) Rate of Interest. All Loans and the outstanding amount of all other Obligations (other
than pursuant to Hedging Contracts that are Loan Documents, to the extent such Hedging Contracts
provide for the accrual of interest on unpaid obligations) shall bear interest, in the case of
Loans, on the unpaid principal amount thereof from the date such Loans are made and, in the case of
such other Obligations, from the date such other Obligations are due and payable until, in all
cases, paid in full, except as otherwise provided in clause (c) below, as follows:

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          (i) if a Base Rate Loan or such other Obligation, at a rate per annum equal to the sum
of (A) the Base Rate as in effect from time to time and (B) the Applicable Margin; and

          (ii) if a Eurodollar Rate Loan, at a rate per annum equal to the sum of (A) the
Eurodollar Rate determined for the applicable Interest Period and (B) the Applicable Margin
in effect from time to time during such Eurodollar Interest Period.

          (b) Interest Payments. (i) Interest accrued on each Base Rate Loan (other than Swing Loans)
shall be payable in arrears (A) on the first Business Day of each calendar month, commencing on the
first such day following the making of such Base Rate Loan and (B) if not previously paid in full,
at maturity (whether by acceleration or otherwise) of such Base Rate Loan, (ii) interest accrued on
Swing Loans shall be payable in arrears on the first Business Day of the immediately succeeding
calendar month, (iii) interest accrued on each Eurodollar Rate Loan shall be payable in arrears (A)
on the last day of each Interest Period applicable to such Loan and, if such Interest Period has a
duration of more than three months, on each date during such Interest Period occurring every three
months from the first day of such Interest Period, (B) upon the payment or prepayment thereof in
full or in part and (C) if not previously paid in full, at maturity (whether by acceleration or
otherwise) of such Eurodollar Rate Loan and (iv) interest accrued on the amount of all other
Obligations shall be payable on demand from and after the time such Obligation becomes due and
payable (whether by acceleration or otherwise).

          (c) Default Interest. Notwithstanding the rates of interest specified in clause (a) above or
elsewhere herein, effective immediately upon the occurrence of an Event of Default and for as long
thereafter as such Event of Default shall be continuing, the principal balance of all Loans and the
amount of all other Obligations then due and payable shall bear interest at a rate that is two
percent per annum in excess of the rate of interest applicable to such Loans or other Obligations
from time to time. Such interest shall be payable on demand.

          Section 2.11 Conversion/Continuation Option

          (a) The Borrower may elect (i) at any time on any Business Day, to convert Base Rate Loans
(other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any
applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate
Loans or to continue such Eurodollar Rate Loans or any portion thereof for an additional Interest
Period; provided, however, that the aggregate amount of the Eurodollar Loans for each Interest
Period must be in the amount of at least $1,000,000 or an integral multiple of $500,000 in excess
thereof. Each conversion or continuation shall be allocated among the Loans of each Lender in
accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the
form of Exhibit F (Form of Notice of Conversion or Continuation) (a “Notice of Conversion or
Continuation”) and shall be made by giving the Administrative Agent at least 3 Business Days’ prior
written notice specifying (A) the amount and type of Loan being converted or continued, (B) in the
case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period
and (C) in the case of a conversion, the date of such conversion.

          (b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of
Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no
conversion in whole or in part of Base Rate Loans to Eurodollar Rate Loans and no continuation in
whole or in part of Eurodollar Rate Loans upon the

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expiration of any applicable Interest Period shall be permitted at any time at which (A) a
Default or an Event of Default shall have occurred and be continuing or (B) the continuation of, or
conversion into, a Eurodollar Rate Loan would violate any provision of Section 2.14 (Special
Provisions Governing Eurodollar Rate Loans). If, within the time period required under the terms
of this Section 2.11, the Administrative Agent does not receive a Notice of Conversion or
Continuation from the Borrower containing a permitted election to continue any Eurodollar Rate
Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of
the applicable Interest Period, such Loans shall be automatically converted to Base Rate Loans.
Each Notice of Conversion or Continuation shall be irrevocable.

          Section 2.12 Fees

          (a) Unused Commitment Fee. The Borrower agrees to pay in immediately available Dollars to
each Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving
Credit Commitment of such Revolving Credit Lender exceeds such Revolving Credit Lender’s Ratable
Portion of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii)
the outstanding amount of the aggregate Letter of Credit Obligations (the “Unused Commitment Fee”)
from the Effective Date through the Revolving Credit Termination Date at the Applicable Unused
Commitment Fee Rate, payable in arrears (x) on the first Business Day of each calendar month,
commencing on the first such Business Day following the Effective Date and (y) on the Revolving
Credit Termination Date.

          (b) Letter of Credit Fees. The Borrower agrees to pay the following amounts with respect to
Letters of Credit issued by any Issuer:

          (i) to the Administrative Agent for the account of each Issuer of a Letter of Credit,
with respect to each Letter of Credit issued by such Issuer, an issuance fee equal to
0.125% per annum of the average daily maximum undrawn face amount of such Letter of Credit,
payable in arrears (A) on the first Business Day of each calendar month, commencing on the
first such Business Day following the issuance of such Letter of Credit and (B) on the
Revolving Credit Termination Date;

          (ii) to the Administrative Agent for the ratable benefit of the Revolving Credit
Lenders, with respect to each Letter of Credit, a fee accruing in Dollars at a rate per
annum equal to the Applicable Margin for Revolving Loans that are Eurodollar Rate Loans, on
the average daily maximum undrawn face amount of such Letter of Credit, payable in arrears
(A) on the first Business Day of each calendar month, commencing on the first such Business
Day following the issuance of such Letter of Credit and (B) on the Revolving Credit
Termination Date; provided, however, that during the continuance of an Event of Default,
such fee shall be increased by two percent per annum (instead of, and not in addition to,
any increase pursuant to Section 2.10(c) (Interest)) and shall be payable on demand; and

          (iii) to the Issuer of any Letter of Credit, with respect to the issuance, amendment
or transfer of each Letter of Credit and each drawing made thereunder, documentary and
processing charges in accordance with such Issuer’s standard schedule for such charges in
effect at the time of issuance, amendment, transfer or drawing, as the case may be.

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          (c) Additional Fees. The Borrower has agreed to pay to the Administrative Agent and the
Arrangers additional fees, the amount and dates of payment of which are embodied in the Fee
Letters.

          Section 2.13 Payments and Computations

          (a) The Borrower shall make each payment hereunder (including fees and expenses) not later
than noon (New York time) on the day when due, in the currency specified herein (or, if no such
currency is specified, in Dollars) to the Administrative Agent at its address referred to in
Section 11.8 (Notices, Etc.) in immediately available funds without set-off or counterclaim. The
Administrative Agent shall promptly thereafter cause to be distributed immediately available funds
relating to the payment of principal, interest or fees to the Lenders, in accordance with the
application of payments set forth in clause (f) or (g) below, as applicable, for the account of
their respective Applicable Lending Offices; provided, however, that amounts payable pursuant to
Section 2.15 (Capital Adequacy), Section 2.16 (Taxes) or Section 2.14(c) or (d) (Special Provisions
Governing Eurodollar Rate Loans) shall be paid only to the affected Lender or Lenders and amounts
payable with respect to Swing Loans shall be paid only to the Swing Loan Lender. Payments received
by the Administrative Agent after 11:00 a.m. (New York time) shall be deemed to be received on the
next Business Day.

          (b) All computations of interest and of fees shall be made by the Administrative Agent on the
basis of a year of 360 days, in each case for the actual number of days (including the first day
but excluding the last day) occurring in the period for which such interest and fees are payable.
Each determination by the Administrative Agent of a rate of interest hereunder shall be conclusive
and binding for all purposes, absent manifest error.

          (c) Each payment by a Borrower of any Loan, Reimbursement Obligation (including interest or
fees in respect thereof) and each reimbursement of various costs, expenses or other Obligation
shall be made in the currency in which such Loan was made, such Letter of Credit issued or such
cost, expense or other Obligation was incurred; provided, however, that other than for payments in
respect of a Loan or Reimbursement Obligation, Loan Documents duly executed by the Administrative
Agent or any Hedging Contract may specify other currencies of payment for Obligations created by or
directly related to such Loan Document or Hedging Contract.

          (d) Whenever any payment hereunder shall be stated to be due on a day other than a Business
Day, the due date for such payment shall be extended to the next succeeding Business Day, and such
extension of time shall in such case be included in the computation of payment of interest or fees,
as the case may be; provided, however, that if such extension would cause payment of interest on or
principal of any Eurodollar Rate Loan to be made in the next calendar month, such payment shall be
made on the immediately preceding Business Day. All repayments of any Revolving Loans shall be
applied as follows: first, to repay such Loans outstanding as Base Rate Loans and then, to repay
such Loans outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier
expiring Eurodollar Interest Periods being repaid prior to those having later expiring Eurodollar
Interest Periods.

          (e) Unless the Administrative Agent shall have received notice from the Borrower to the
Lenders prior to the date on which any payment is due hereunder that the Borrower will not make
such payment in full, the Administrative Agent may assume that the Borrower has made such payment
in full to the Administrative Agent on such date and the

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Administrative Agent may, in reliance upon such assumption, cause to be distributed to each
Lender on such due date an amount equal to the amount then due such Lender. If and to the extent
that the Borrower shall not have made such payment in full to the Administrative Agent, each Lender
shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender
together with interest thereon (at the Federal Funds Rate for the first Business Day and thereafter
at the rate applicable to Base Rate Loans) for each day from the date such amount is distributed to
such Lender until the date such Lender repays such amount to the Administrative Agent.

          (f) Except for payments and other amounts received by the Administrative Agent and applied in
accordance with the provisions of clause (g) below (or required to be applied in accordance with
Section 2.9 (Mandatory Prepayments)), all payments and any other amounts received by the
Administrative Agent from or for the benefit of the Borrower shall be applied as follows: first, to
pay principal of, and interest on, any portion of the Loans the Administrative Agent may have
advanced pursuant to the express provisions of this Agreement on behalf of any Lender, for which
the Administrative Agent has not then been reimbursed by such Lender or the Borrower, second, to
pay all other Obligations then due and payable and third, as the Borrower so designates. Payments
in respect of Swing Loans received by the Administrative Agent shall be distributed to the Swing
Loan Lender; payments in respect of Revolving Loans received by the Administrative Agent shall be
distributed to each Revolving Credit Lender in accordance with such Revolving Credit Lender’s
Ratable Portion; and all payments of fees and all other payments in respect of any other Obligation
shall be allocated among such of the Lenders and Issuers as are entitled thereto and, for such
payments allocated to the Lenders, in proportion to their respective Ratable Portions.

          (g) The Borrower hereby irrevocably waives the right to direct the application of any and all
payments in respect of the Obligations and any proceeds of Collateral after the occurrence and
during the continuance of an Event of Default and agrees that, notwithstanding the provisions of
Section 2.9 (Mandatory Prepayments) and clause (f) above, the Administrative Agent may, and, upon
either (A) the written direction of the Requisite Lenders or (B) the acceleration of the
Obligations pursuant to Section 9.2 (Remedies) shall, apply all payments in respect of any
Obligations and all funds on deposit in any Cash Collateral Account and all other proceeds of
Collateral in the following order:

          (i) first, to pay interest on and then principal of any portion of the
Revolving Loans that the Administrative Agent may have advanced on behalf of any Lender for
which the Administrative Agent has not then been reimbursed by such Lender or the Borrower;

          (ii) second, to pay Secured Obligations in respect of any expense
reimbursements or indemnities then due to the Administrative Agent;

          (iii) third, to pay Secured Obligations in respect of any expense
reimbursements or indemnities then due to the Lenders and the Issuers;

          (iv) fourth, to pay Secured Obligations in respect of any fees then due to the
Administrative Agent, the Arrangers, the Lenders and the Issuers;

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          (v) fifth, to pay interest then due and payable in respect of the Loans and
Reimbursement Obligations (including interest that would have accrued but for a bankruptcy
proceeding involving the Borrower);

          (vi) sixth, to pay or prepay principal amounts on the Loans and Reimbursement
Obligations, and to provide cash collateral for outstanding Letter of Credit Undrawn
Amounts in the manner described in Section 9.3 (Actions in Respect of Letters of Credit),
ratably to the aggregate principal amount of such Loans, Reimbursement Obligations and
Letter of Credit Undrawn Amounts; and

          (vii) seventh, to the ratable payment of all other Secured Obligations;

provided, however, that if sufficient funds are not available to fund all payments to be made in
respect of any Secured Obligation described in any of clauses (i), (ii), (iii), (iv), (v), (vi) and
(vii) above the available funds being applied with respect to any such Secured Obligation (unless
otherwise specified in such clause) shall be allocated to the payment of such Secured Obligation
ratably, based on the proportion of the Administrative Agent’s and each Lender’s or Issuer’s
interest in the aggregate outstanding Secured Obligations described in such clauses; provided,
however, that payments that would otherwise be allocated to the Revolving Credit Lenders shall be
allocated first to repay Protective Advances and Swing Loans pro rata until such Protective
Advances and Swing Loans are repaid in full and then to repay the Revolving Loans or to provide
cash collateral for outstanding Letters of Credit. The order of priority set forth in clauses(i),
(ii), (iii), (iv), (v), (vi) and (vii) above may at any time and from time to time be changed by
the agreement of the Requisite Lenders without necessity of notice to or consent of or approval by
the Borrower, any Secured Party that is not a Lender or Issuer or by any other Person that is not a
Lender or Issuer. The order of priority set forth in clauses (i), (ii), (iii) and (iv) above may
be changed only with the prior written consent of the Administrative Agent in addition to that of
the Requisite Lenders.

          (h) At the option of the Administrative Agent, principal on the Swing Loans, Reimbursement
Obligations, interest, fees, expenses and other sums due and payable (other than principal) in
respect of the Revolving Loans, Swing Loans and Protective Advances may be paid from the proceeds
of Swing Loans or Revolving Loans. The Borrower hereby authorizes the Swing Loan Lender to make
such Swing Loans pursuant to Section 2.3(a) (Swing Loans) and the Revolving Credit Lenders to make
such Revolving Loans pursuant to Section 2.2(a) (Revolving Credit Borrowing Procedures) from time
to time in the amounts of any and all principal payable with respect to the Swing Loans,
Reimbursement Obligations, interest, fees, expenses and other sums payable in respect of the
Revolving Loans and Protective Advances, and further authorizes the Administrative Agent to give
the Lenders notice of any Revolving Credit Borrowing with respect to such Swing Loans and Revolving
Loans and to distribute the proceeds of such Swing Loans and Revolving Loans to pay such amounts.
The Borrower agrees that all such Swing Loans and Revolving Loans so made shall be deemed to have
been requested by it (irrespective of the satisfaction of the conditions in Section 3.2 (Conditions
Precedent to Each Loan and Letter of Credit), which conditions the Lenders irrevocably waive) and
directs that all proceeds thereof shall be used to pay such amounts.

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          Section 2.14 Special Provisions Governing Eurodollar Rate Loans

          (a) Determination of Interest Rate

          The Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall be determined by
the Administrative Agent pursuant to the procedures set forth in the definition of “Eurodollar
Rate.” The Administrative Agent’s determination shall be presumed to be correct absent manifest
error and shall be binding on the Borrower.

          (b) Interest Rate Unascertainable, Inadequate or Unfair

          In the event that (i) the Administrative Agent reasonably determines in good faith that
adequate and fair means do not generally exist for ascertaining the applicable interest rates by
reference to which the Eurodollar Rate then being determined is to be fixed or (ii) the Requisite
Lenders notify the Administrative Agent that the Eurodollar Rate for any Interest Period will not
adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest
Period, the Administrative Agent shall forthwith so notify the Borrower and the Lenders, whereupon
each Eurodollar Loan shall automatically, on the last day of the current Interest Period for such
Loan, convert into a Base Rate Loan and the obligations of the Lenders to make Eurodollar Rate
Loans or to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended until the
Administrative Agent shall notify the Borrower that the Requisite Lenders have determined that the
circumstances causing such suspension no longer exist.

          (c) Increased Costs

          If at any time any Lender determines that the introduction of, or any change in or in the
interpretation of, any law, treaty or governmental rule, regulation or order (other than any change
by way of imposition or increase of reserve requirements included in determining the Eurodollar
Rate) or the compliance by such Lender with any guideline, request or directive from any central
bank or other Governmental Authority (whether or not having the force of law), shall have the
effect of increasing the cost to such Lender of agreeing to make or making, funding or maintaining
any Eurodollar Rate Loans, then the Borrower shall from time to time, upon demand by such Lender
(with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the
account of such Lender additional amounts sufficient to compensate such Lender for such increased
cost. A certificate as to the amount of such increased cost, submitted to the Borrower and the
Administrative Agent by such Lender, shall be conclusive and binding for all purposes, absent
manifest error.

          (d) Illegality

          Notwithstanding any other provision of this Agreement, if any Lender determines that the
introduction of, or any change in or in the interpretation of, any law, treaty or governmental
rule, regulation or order after the Effective Date shall make it unlawful, or any central bank or
other Governmental Authority shall assert that it is unlawful, for any Lender or its Eurodollar
Lending Office to make Eurodollar Rate Loans or to continue to fund or maintain Eurodollar Rate
Loans, then, on notice thereof and demand therefor by such Lender to the Borrower through the
Administrative Agent, (i) the obligation of such Lender to make or to continue Eurodollar Rate
Loans and to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended, and each such
Lender shall make a Base Rate Loan as part of any requested Revolving Credit Borrowing of
Eurodollar Rate Loans and (ii) if the affected Eurodollar Rate

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Loans are then outstanding, the Borrower shall immediately convert each such Loan into a Base
Rate Loan. If, at any time after a Lender gives notice under this clause (d), such Lender
determines that it may lawfully make Eurodollar Rate Loans, such Lender shall promptly give notice
of that determination to the Borrower and the Administrative Agent, and the Administrative Agent
shall promptly transmit the notice to each other Lender. The Borrower’s right to request, and such
Lender’s obligation, if any, to make Eurodollar Rate Loans shall thereupon be restored.

          (e) Breakage Costs

          In addition to all amounts required to be paid by the Borrower pursuant to Section 2.10
(Interest), the Borrower shall compensate each Lender, upon demand, for all losses, expenses and
liabilities (including any loss or expense incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by such Lender to fund or maintain such Lender’s Eurodollar Rate
Loans to the Borrower or that would have been incurred if the Lender had match-funded such Loans in
such manner, but excluding any loss of the Applicable Margin on the relevant Loans or other
consequential damages) that such Lender may sustain (i) if for any reason (other than solely by
reason of such Lender being a Non-Funding Lender) a proposed Revolving Credit Borrowing, conversion
into or continuation of Eurodollar Rate Loans does not occur on a date specified therefor in a
Notice of Revolving Credit Borrowing or a Notice of Conversion or Continuation given by the
Borrower or in a telephonic request by it for Revolving Credit Borrowing or conversion or
continuation or a successive Interest Period does not commence after notice therefor is given
pursuant to Section 2.11 (Conversion/Continuation Option), (ii) if for any reason any Eurodollar
Rate Loan is prepaid (including mandatorily pursuant to Section 2.9 (Mandatory Prepayments)) on a
date that is not the last day of the applicable Interest Period, (iii) as a consequence of a
required conversion of a Eurodollar Rate Loan to a Base Rate Loan as a result of any of the events
indicated in clause (d) above or (iv) as a consequence of any failure by the Borrower to repay
Eurodollar Rate Loans when required by the terms hereof. The Lender making demand for such
compensation shall deliver to the Borrower concurrently with such demand a written statement as to
such losses, expenses and liabilities, and this statement shall be conclusive as to the amount of
compensation due to such Lender, absent manifest error.

          The agreements contained in this Section 2.14 shall survive the termination of this Agreement
and the payment of all amounts payable hereunder; provided, however, that the Borrower shall not be
required to compensate a Lender pursuant to clauses (c), (d) and (e) of this Section 2.14 for any
such increased cost or reduction incurred more than 180 days prior to the date that such Lender
demands, or notifies the Borrower of its intention to demand, compensation therefor;
provided, that, if the circumstance giving rise to such increased cost or reduction is
retroactive, then such 180-day period referred to above shall be extended to include the period of
retroactive effect thereof.

          Section 2.15 Capital Adequacy

          If at any time any Lender determines that (a) the adoption of, or any change in or in the
interpretation of, any law, treaty or governmental rule, regulation or order after the Effective
Date regarding capital adequacy, (b) compliance with any such law, treaty, rule, regulation or
order or (c) compliance with any guideline or request or directive from any central bank or other
Governmental Authority (whether or not having the force of law) shall have the effect of reducing
the rate of return on such Lender’s (or any corporation controlling such

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Lender’s) capital as a consequence of its obligations hereunder or under or in respect of any
Letter of Credit to a level below that which such Lender or such corporation could have achieved
but for such adoption, change, compliance or interpretation, then, upon demand from time to time by
such Lender (with a copy of such demand to the Administrative Agent), the Borrower shall pay to the
Administrative Agent for the account of such Lender, from time to time as specified by such Lender,
additional amounts sufficient to compensate such Lender for such reduction. A certificate as to
such amounts submitted to the Borrower and the Administrative Agent by such Lender shall be
conclusive and binding for all purposes absent manifest error.

          The agreements contained in this Section 2.15 shall survive the termination of this Agreement
and the payment of all amounts payable hereunder; provided, however, that the Borrower shall not be
required to compensate a Lender pursuant to this Section 2.15 for any such increased cost or
reduction incurred more than 180 days prior to the date that such Lender demands, or notifies the
Borrower of its intention to demand, compensation therefor; provided, that, if the
circumstance giving rise to such increased cost or reduction is retroactive, then such 180-day
period referred to above shall be extended to include the period of retroactive effect thereof.

          Section 2.16 Taxes

          (a) Except as otherwise provided in this Section 2.16, any and all payments by any Loan Party
under each Loan Document shall be made free and clear of and without deduction for any and all
present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities
with respect thereto, excluding (i) in the case of each Lender, each Issuer and the Administrative
Agent (A) taxes measured by its net income, and franchise taxes imposed on it, and similar taxes
imposed by the jurisdiction (or any political subdivision thereof) under the laws of which such
Lender, such Issuer or the Administrative Agent (as the case may be) is organized and (B) any
United States withholding taxes payable with respect to payments under the Loan Documents under
laws (including any statute, treaty or regulation) in effect on the Effective Date (or, in the case
of (x) an Eligible Assignee, the date of the Assignment and Acceptance, (y) a successor
Administrative Agent, the date of the appointment of such Administrative Agent, and (z) a successor
Issuer, the date such Issuer becomes an Issuer) applicable to such Lender, such Issuer or the
Administrative Agent, as the case may be, but not excluding any United States withholding taxes
payable as a result of any change in such laws occurring after the Effective Date (or the date of
such Assignment and Acceptance or the date of such appointment of such Administrative Agent or the
date such Issuer becomes an Issuer) and (ii) in the case of the Administrative Agent, each Lender
or each Issuer, taxes measured by its net income and franchise taxes imposed on it as a result of a
present or former connection between the Administrative Agent, such Lender or such Issuer (as the
case may be) and the jurisdiction of the Governmental Authority imposing such tax or any taxing
authority thereof or therein (all such non-excluded taxes, levies, imposts, deductions, charges,
withholdings and liabilities being hereinafter referred to as “Taxes”). If any Taxes shall be
required by law to be deducted from or in respect of any sum payable under any Loan Document to any
Lender, any Issuer or the Administrative Agent (w) the sum payable shall be increased as may be
necessary so that, after making all required deductions (including deductions applicable to
additional sums payable under this Section 2.16), such Lender, such Issuer or the Administrative
Agent (as the case may be) receives an amount equal to the sum it would have received had no such
deductions been made, (x) the relevant Loan Party shall make such deductions, (y) the relevant Loan
Party shall pay the full amount deducted to the relevant taxing authority or other authority in
accordance with

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applicable law and (z) the relevant Loan Party shall deliver to the Administrative Agent
evidence of such payment.

          (b) In addition, the Borrower agrees to pay any present or future stamp or documentary taxes
or any other excise or property taxes, charges or similar levies of the United States or any
political subdivision thereof or any applicable foreign jurisdiction, and all liabilities with
respect thereto, in each case arising from any payment made under any Loan Document or from the
execution, delivery or registration of, or otherwise with respect to, any Loan Document
(collectively, “Other Taxes”). The Administrative Agent may make Swing Loans to pay Other Taxes in
the name of any Loan Party and may pay such Other Taxes and seek separate reimbursement
of such Other Taxes hereunder as a Secured Obligation.

          (c) The Borrower shall, jointly and severally, indemnify each Lender, each Issuer and the
Administrative Agent for the full amount of Taxes and Other Taxes (including any Taxes and Other
Taxes imposed by any jurisdiction on amounts payable under this Section 2.16) paid by such Lender,
such Issuer or the Administrative Agent (as the case may be) and any liability (including for
penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such
Taxes or Other Taxes were correctly or legally asserted. This indemnification shall be made within
30 days from the date such Lender, such Issuer or the Administrative Agent (as the case may be)
makes written demand therefor.

          (d) Within 30 days after the date of any payment of Taxes or Other Taxes by any Loan Party,
the Borrower shall furnish to the Administrative Agent, at its address referred to in Section 11.8
(Notices, Etc.), the original or a certified copy of a receipt evidencing payment thereof.

          (e) Without prejudice to the survival of any other agreement of the Borrower hereunder, the
agreements and obligations of the Borrower contained in this Section 2.16 shall survive the payment
in full of the Obligations; provided, however, that the Borrower shall not be required to
compensate a Lender pursuant to this Section 2.16 for any taxes incurred more than 180 days prior
to the date that such Lender demands, or notifies the Borrower of its intention to demand,
compensation therefor; provided, that, if the circumstance giving rise to such increased
cost or reduction is retroactive, then such 180-day period referred to above shall be extended to
include the period of retroactive effect thereof.

          (f) (i) Prior to the Effective Date in the case of each Non-U.S. Lender that is a signatory
hereto, and on the date of the Assignment and Acceptance pursuant to which it becomes a Lender or
on the date a successor Issuer becomes an Issuer or on the date a successor Administrative Agent
becomes the Administrative Agent, as the case may be, in the case of each other Non-U.S. Lender, on
or before the date that any such form or certification expires or becomes obsolete, after the
occurrence of any event requiring a change in the most recent form or certification previously
delivered by it to the Borrower and the Administrative Agent, and from time to time thereafter if
requested by the Borrower or the Administrative Agent, each Non-U.S. Lender that is entitled at
such time to an exemption from United States withholding tax, or that is subject to such tax at a
reduced rate under an applicable tax treaty, shall provide the Administrative Agent and the
Borrower with two completed originals of each of the following, as applicable: (w) Form W-8ECI
(claiming exemption from U.S. withholding tax because the income is effectively connected with a
U.S. trade or business) or any successor form, (x) Form W-8BEN (claiming exemption from, or a
reduction of, U.S. withholding tax under an income tax treaty) or any successor form, (y) in the
case of a Non-U.S. Lender claiming exemption under

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Sections 871(h) or 881(c) of the Code, a Form W-8BEN (claiming exemption from U.S. withholding
tax under the portfolio interest exemption) or any successor form or (z) any other applicable form,
certificate or document prescribed by the IRS certifying as to such Non-U.S. Lender’s entitlement
to such exemption from United States withholding tax or reduced rate with respect to all payments
to be made to such Non-U.S. Lender under the Loan Documents. Unless the Borrower and the
Administrative Agent have received forms or other documents satisfactory to them indicating that
payments under any Loan Document to or for a Non-U.S. Lender are not subject to United States
withholding tax or are subject to such tax at a rate reduced by an applicable tax treaty, the Loan
Parties and the Administrative Agent shall withhold amounts required to be withheld by applicable
Requirements of Law from such payments at the applicable statutory rate.

          (ii) Prior to the Effective Date in the case of each U.S. Lender that is a signatory
hereto, and on the date of the Assignment and Acceptance pursuant to which it becomes a
Lender, or on the date a successor Issuer becomes an Issuer or on the date a successor
Administrative Agent becomes the Administrative Agent, as the case may be, in the case of
each other U.S. Lender, on or before the date that any such form or certification expires
or becomes obsolete, after the occurrence of any event requiring a change in the most
recent form or certification previously delivered by it to the Borrower and the
Administrative Agent, and from time to time thereafter if requested by the Borrower or the
Administrative Agent, each U.S. Lender shall provide the Administrative Agent and the
Borrower with two completed originals of Form W-9 (certifying that such U.S. Lender is
entitled to an exemption from U.S. backup withholding tax) or any successor form. Solely
for purposes of this Section 2.16(f), a U.S. Lender shall not include a Lender, an Issuer
or an Administrative Agent that may be treated as an exempt recipient based on the
indicators described in Treasury Regulation section 1.6049-4(c)(1)(ii).

          (g) Any Lender claiming any additional amounts payable pursuant to this Section 2.16 shall use
its reasonable efforts (consistent with its internal policies and Requirements of Law) to change
the jurisdiction of its Applicable Lending Office if the making of such a change would avoid the
need for, or reduce the amount of, any such additional amounts that would be payable or may
thereafter accrue and would not, in the sole determination of such Lender, be otherwise
disadvantageous to such Lender.

          Section 2.17 Substitution of Lenders

          (a) In the event that (i)(A) any Lender makes a claim under Section 2.14(c) (Increased Costs)
or 2.15 (Capital Adequacy), (B) it becomes illegal for any Lender to continue to fund or make any
Eurodollar Rate Loan and such Lender notifies the Borrower pursuant to Section 2.14(d)
(Illegality), (C) any Loan Party is required to make any payment pursuant to Section 2.16 (Taxes)
that is attributable to a particular Lender or (D) any Revolving Credit Lender becomes a
Non-Funding Lender and (ii) in the case of clause (i)(A) above, as a consequence of increased costs
in respect of which such claim is made, the effective rate of interest payable to such Lender under
this Agreement with respect to its Loans materially exceeds the effective average annual rate of
interest payable to the Requisite Lenders under this Agreement (any such Revolving Credit Lender,
an “Affected Lender”), the Borrower may substitute any Lender and, if reasonably acceptable to the
Administrative Agent, any other Eligible Assignee (a “Substitute Institution”) for such Affected
Lender hereunder, after delivery of a written notice (a “Substitution Notice”) by the Borrower to
the Administrative Agent and the Affected Lender

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within a reasonable time (in any case not to exceed 90 days) following the occurrence of any
of the events described in clause (i) above that the Borrower intends to make such substitution;
provided, however, that, if more than one Lender claims increased costs, illegality or right to
payment arising from the same act or condition and such claims are received by the Borrower within
30 days of each other, then the Borrower may substitute all, but not (except to the extent the
Borrower has already substituted one of such Affected Lenders before the Borrower’s receipt of the
other Affected Lenders’ claim) less than all, Lenders making such claims.

          (b) If the Substitution Notice was properly issued under this Section 2.17, the Affected
Lender shall sell, and the Substitute Institution shall purchase, all rights and claims of such
Affected Lender under the Loan Documents, and the Substitute Institution shall assume, and the
Affected Lender shall be relieved of, the Affected Lender’s Revolving Credit Commitments and all
other prior unperformed obligations of the Affected Lender under the Loan Documents (other than in
respect of any damages (other than exemplary or punitive damages, to the extent permitted by
applicable law) in respect of any such unperformed obligations). Such purchase and sale (and the
corresponding assignment of all rights and claims hereunder) shall be recorded in the Register
maintained by the Administrative Agent and shall be effective on (and not earlier than) the later
of (i) the receipt by the Affected Lender of its Ratable Portion of the Revolving Credit
Outstandings, together with any other Obligations owing to it, (ii) the receipt by the
Administrative Agent of an agreement in form and substance reasonably satisfactory to it and the
Borrower whereby the Substitute Institution shall agree to be bound by the terms hereof and (iii)
the payment in full to the Affected Lender in cash of all fees, unreimbursed costs and expenses and
indemnities accrued and unpaid through such effective date. Upon the effectiveness of such sale,
purchase and assumption, the Substitute Institution shall become a “Lender” hereunder for all
purposes of this Agreement having a Revolving Credit Commitment in the amount of such Affected
Lender’s Revolving Credit Commitment assumed by it and such Revolving Credit Commitment of the
Affected Lender shall be terminated; provided, however, that all indemnities under the Loan
Documents shall continue in favor of such Affected Lender.

          (c) Each Lender agrees that, if it becomes an Affected Lender and its rights and claims are
assigned hereunder to a Substitute Institution pursuant to this Section 2.17, it shall execute and
deliver to the Administrative Agent an Assignment and Acceptance to evidence such assignment,
together with any Revolving Credit Note (if such Loans are evidenced by a Revolving Credit Note)
evidencing the Loans subject to such Assignment and Acceptance; provided, however, that the failure
of any Affected Lender to execute an Assignment and Acceptance shall not render such assignment
invalid.

ARTICLE III

Conditions to Loans and Letters of Credit

          Section 3.1 Conditions Precedent to the Effective Date

          This Agreement shall become effective on the date (the “Effective Date”) on which each of the
following conditions precedent is satisfied or duly waived in accordance with Section 11.1
(Amendments, Waivers, Etc.):

          (a) Certain Documents. The Administrative Agent shall have received on or prior to the
Effective Date each of the following, each dated the Effective Date unless otherwise

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indicated or agreed to by the Administrative Agent, in form and substance satisfactory to the
Administrative Agent and in sufficient copies for each Lender:

          (i) this Agreement, duly executed and delivered by the Borrower and, for the account
of each Lender requesting the same, a Revolving Credit Note of the Borrower conforming to
the requirements set forth herein;

          (ii) a reaffirmation of the Guarantees and the Pledge and Security Agreement, duly
executed and delivered by each Loan Party;

          (iii) a favorable opinion of (A) Baker Botts L.L.P., special counsel to the Loan
Parties, in substantially the form of Exhibit G-1 (Form of Opinion of Special Counsel for
the Loan Parties), (B) special counsel to the Administrative Agent in each jurisdiction set
forth on Schedule V (Local Counsel Opinions) as to such matters as any Lender through the
Administrative Agent may reasonably request, (C) the General Counsel of the Loan Parties,
in substantially the form of Exhibit G-2 (Form of General Counsel Opinion) and (D) counsel
to the Administrative Agent as to the enforceability of this Agreement and the other Loan
Documents to be executed on the Effective Date;

          (iv) a copy of the articles or certificate of incorporation (or equivalent Constituent
Document) of each Loan Party, certified as of a recent date by the Secretary of State of
the state of organization of such Loan Party, together with certificates of such official
attesting to the good standing of each such Loan Party;

          (v) a certificate of the Secretary or an Assistant Secretary of each Loan Party
certifying (A) the names and true signatures of each officer of such Loan Party that has
been authorized to execute and deliver any Loan Document or other document required
hereunder to be executed and delivered by or on behalf of such Loan Party, (B) the by-laws
(or equivalent Constituent Document) of such Loan Party as in effect on the date of such
certification, (C) the resolutions of such Loan Party’s Board of Directors (or equivalent
governing body) approving and authorizing the execution, delivery and performance of this
Agreement and the other Loan Documents to which it is a party and (D) that there have been
no changes in the certificate of incorporation (or equivalent Constituent Document) of such
Loan Party from the certificate of incorporation (or equivalent Constituent Document)
delivered pursuant to clause (vi) above;

          (vi) a certificate of the chief financial officer of the Borrower, stating that (a)
the Borrower is Solvent and (b) the Loan Parties, taken as a whole, are Solvent, in each
case, after giving effect to any Loans to be made on the Effective Date and Letters of
Credit outstanding or to be issued on the Effective Date, the application of the proceeds
of the Loans in accordance with Section 7.9 (Application of Proceeds) and the payment of
all estimated legal, accounting and other fees related hereto and thereto;

          (vii) a certificate of a Responsible Officer of the Borrower to the effect that (A)
the condition set forth in Section 3.2(b) (Conditions Precedent to Each Loan and Letter of
Credit) has been satisfied and (B) there shall exist no action, suit, investigation,
litigation or proceeding pending or threatened in any court or before any arbitrator or
Governmental Authority that (x) would result in a Material Adverse Change or (y) restrains,
prevents or imposes or can reasonably be expected to impose
materially adverse conditions upon the Revolving Credit Facility or the transactions contemplated
thereby;

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          (viii) evidence reasonably satisfactory to the Administrative Agent that the insurance
policies required by Section 7.5 (Maintenance of Insurance) and any Collateral Document are
in full force and effect, together with, unless otherwise agreed by the Administrative
Agent, endorsements naming the Administrative Agent, on behalf of the Secured Parties, as
an additional insured or loss payee under all insurance policies to be maintained with
respect to the properties of the Borrower and each other Loan Party; and

          (ix) such other certificates, documents, agreements and information respecting any
Loan Party as any Lender through the Administrative Agent may reasonably request.

          (b) Fees and Expenses Paid. There shall have been paid to the Administrative Agent, for the
account of the Administrative Agent and the Lenders, as applicable, or the Arrangers, as the case
may be, (i) all reasonable expenses (including reasonable fees and expenses of counsel), (ii) an
amendment fee in an amount equal to 0.25% of the Revolving Credit Commitments of each Lender
executing this Agreement and (iii) all fees described in the Fee Letter, in each case, due and
payable on or before the Effective Date.

          (c) Payment of Accrued Interest and Fees. There shall have been paid to the Administrative
Agent, for the account of the Lenders and the Issuers, as applicable, all interest and fees which
have accrued and are unpaid under the Existing Credit Agreement to, but excluding, the Effective
Date.

          (d) Consents, Etc. Each of the Borrower and its Subsidiaries shall have received all consents
and authorizations required pursuant to any material Contractual Obligation with any other Person
and shall have obtained all Permits of, and effected all notices to and filings with, any
Governmental Authority, in each case, as may be necessary (other than with respect to Designated
Collateral) to allow each of the Borrower and its Subsidiaries lawfully (i) to execute, deliver and
perform, in all material respects, their respective obligations hereunder and under the Loan
Documents and the Related Documents to which each of them, respectively, is, or shall be, a party
and each other agreement or instrument to be executed and delivered by each of them, respectively,
pursuant thereto or in connection therewith and (ii) to create and perfect the Liens on the
Collateral to be owned by each of them in the manner and for the purpose contemplated by the Loan
Documents.

          (e) Projections. The Administrative Agent and the Lenders shall have received and be
reasonably satisfied with the Projections.

          Section 3.2 Conditions Precedent to Each Loan and Letter of Credit

          The obligation of each Lender on any date (including the Effective Date) to make any Loan and
of each Issuer on any date (including the Effective Date) to Issue any Letter of Credit is subject
to the satisfaction of each of the following conditions precedent:

          (a) Request for Revolving Credit Borrowing or Issuance of Letter of Credit. With respect to
any Loan, the Administrative Agent shall have received a duly executed Notice of

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Revolving Credit Borrowing (or, in the case of Swing Loans, a duly executed Swing Loan
Request), and, with respect to any Letter of Credit, the Administrative Agent and the Issuer shall
have received a duly executed Letter of Credit Request.

          (b) Representations and Warranties; No Defaults. The following statements shall be true on
the date of such Loan or Issuance, both before and after giving effect thereto and, in the case of
any Loan, to the application of the proceeds thereof:

          (i) the representations and warranties set forth in Article IV (Representations and
Warranties) and in the other Loan Documents shall be true and correct on and as of the
Effective Date and shall be true and correct in all material respects on and as of any such
date after the Effective Date 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 such representations and warranties shall have been true and correct in
all material respects as of such earlier date; and

          (ii) no Default or Event of Default shall have occurred and be continuing.

          (c) Borrowing Base. The Borrower shall have delivered the Borrowing Base Certificate required
to be delivered by Section 6.12(a) (Borrowing Base). After giving effect to the Loans or Letters
of Credit requested to be made or Issued on any such date and the use of proceeds thereof, the
Revolving Credit Outstandings shall not exceed the Maximum Credit at such time.

          (d) No Legal Impediments. The making of the Loans or the Issuance of such Letter of Credit on
such date does not violate any Requirement of Law on the date of or immediately following such Loan
or Issuance of such Letter of Credit and is not enjoined, temporarily, preliminarily or
permanently.

Each submission by the Borrower to the Administrative Agent of a Notice of Revolving Credit
Borrowing or a Swing Loan Request and the acceptance by the Borrower of the proceeds of each Loan
requested therein, and each submission by the Borrower to an Issuer of a Letter of Credit Request,
and the Issuance of each Letter of Credit requested therein, shall be deemed to constitute a
representation and warranty by the Borrower as to the matters specified in clause (b)above on the
date of the making of such Loan or the Issuance of such Letter of Credit.

          Section 3.3 Determinations of Revolving Credit Borrowing Conditions

          For purposes of determining compliance with the conditions specified in Section 3.1
(Conditions Precedent to Effective Date) and Section 3.2 (Conditions Precedent to Each Loan and
Letter of Credit), each Lender shall be deemed to have consented to, approved, accepted or be
satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent
responsible for the transactions contemplated by the Loan Documents shall have received notice from
such Lender prior to such Revolving Credit Borrowing, borrowing of Swing Loans or Issuance or
deemed Issuance hereunder specifying its objection thereto and such
Lender shall not have made available to the Administrative Agent such Lender’s Ratable Portion
of such Revolving Credit Borrowing or Swing Loans.

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          Section 3.4 Conditions Precedent to Each Facilities Increase

          No Facilities Increase shall become effective prior to the satisfaction of all of the
following conditions precedent:

          (a) Certain Documents. The Administrative Agent shall have received on or prior to the
Facilities Increase Date for such Facilities Increase each of the following, each dated such
Facilities Increase Date unless otherwise indicated or agreed to by the Administrative Agent and
each in form and substance satisfactory to the Administrative Agent:

          (i) written commitments duly executed by existing Lenders (or their Affiliates or
Approved Funds) or Eligible Assignees in an aggregate amount equal to the amount of the
proposed Facilities Increase (as agreed between the Borrower and the Administrative Agent
but in any case not to exceed, in the aggregate for all such Facilities Increases, the
maximum amount set forth in Section 2.1(b) (Facilities Increase) and, in the case of each
such Eligible Assignee or Affiliate or Approved Fund that is not an existing Lender, an
assumption agreement in form and substance satisfactory to the Administrative Agent and
duly executed by the Borrower, the Administrative Agent and such Affiliate, Approved Fund
or Eligible Assignee;

          (ii) an amendment to this Agreement (including to Schedule I (Commitments)), effective
as of the Facilities Increase Date and executed by the Borrower and the Administrative
Agent, to the extent necessary to implement terms and conditions of the Facilities Increase
(including interest rates, fees and maturity), as agreed by the Borrower and the
Administrative Agent but, which, in any case, except for of interest, fees, and maturity,
shall not be applied materially differently to the Facilities Increase and the existing
Revolving Credit Facility;

          (iii) certified copies of resolutions of the Board of Directors of each Loan Party
approving the consummation of such Facilities Increase and the execution, delivery and
performance of the corresponding amendments to this Agreement and the other documents to be
executed in connection therewith;

          (iv) a favorable opinion of counsel for the Loan Parties, addressed to the Agents and
the Lenders and in form and substance and from counsel reasonably satisfactory to the
Administrative Agent; and

          (v) such other document as the Administrative Agent may reasonably request or as any
Lender participating in such Facilities Increase may reasonably require as a condition to
its commitment in such Facilities Increase.

          (b) Fees and Expenses Paid. There shall have been paid to the Administrative Agent, for the
account of the Agents and the Lenders (including any Person becoming a Lender as part of such
Facilities Increase on such Facilities Increase Date), as applicable, all fees and reasonable
out-of-pocket expenses (including reasonable fees and expenses of counsel) due and payable on or
before the Facilities Increase Date (including all such fees described in any Fee Letter executed
in connection therewith).

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          (c) Conditions to Each Loan and Letter of Credit. (i) The conditions precedent set forth in
Section 3.2 (Conditions Precedent to Each Loan and Letter of
Credit) shall have been satisfied both
before and after giving effect to such Facilities Increase, (ii) such Facilities Increase shall be
made on the terms and conditions set forth in Section 2.1(b)(i) (Facilities Increase) and (iii) the
Borrower shall be in compliance with Article V (Financial Covenants) on such Facilities Increase
Date for the most recently ended Fiscal Quarter on a pro forma basis both before and after giving
effect to such Facilities Increase (as though the Covenant Commencement Date has occurred).

ARTICLE IV

Representations and Warranties

          To induce the Lenders, the Issuers and the Administrative Agent to enter into this Agreement,
the Borrower represents and warrants each of the following to the Lenders, the Issuers and the
Administrative Agent, on and as of the Effective Date and after giving effect to the making of the
Loans and the other financial accommodations on the Effective Date, if any, and on and as of each
date as required by Section 3.2(b)(i) (Conditions Precedent to Each Loan and Letter of Credit):

          Section 4.1 Corporate Existence; Compliance with Law

          Each of the Borrower and the Borrower’s Subsidiaries (a) is duly organized, validly existing
and in good standing under the laws of the jurisdiction of its organization, (b) is duly qualified
to do business as a foreign entity and in good standing under the laws of each jurisdiction where
such qualification is necessary, except where the failure to be so qualified or in good standing
would not, in the aggregate, have a Material Adverse Effect, (c) has all requisite power and
authority and the legal right to own, pledge, mortgage and operate its properties, to lease the
property it operates under lease and to conduct its business as now or currently proposed to be
conducted, (d) is in compliance with its Constituent Documents except where the failure to be in
compliance would not, individually or in the aggregate, have a Material Adverse Effect, (e) is in
compliance with all applicable Requirements of Law except where the failure to be in compliance
would not, in the aggregate, have a Material Adverse Effect and (f) has all necessary Permits from
or by, has made all necessary filings with, and has given all necessary notices to, each
Governmental Authority having jurisdiction, to the extent required for such ownership, operation
and conduct, except for Permits or filings that can be obtained or made by the taking of
ministerial action to secure the grant or transfer thereof or where the failure to obtain or make
would not, in the aggregate, have a Material Adverse Effect.

          Section 4.2 Corporate Power; Authorization; Enforceable Obligations

          (a) The execution, delivery and performance by each Loan Party of the Loan Documents to which
it is a party and the consummation of the transactions contemplated thereby:

          (i) are within such Loan Party’s corporate, limited liability company, partnership or
other organizational powers;

          (ii) have been or, at the time of delivery thereof pursuant to Article III (Conditions
to Initial Loans and Letters of Credit) will have been duly authorized by all necessary
action, including the consent of shareholders, partners and members where required;

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          (iii) do not and will not (A) contravene such Loan Party’s or any of its Subsidiaries’
respective Constituent Documents, (B) violate any other Requirement of Law applicable to
such Loan Party (including Regulations T, U and X of the Federal Reserve Board), or any
order or decree of any Governmental Authority or arbitrator applicable to such Loan Party,
(C) conflict with or result in the breach of, or constitute a default under, or result in
or permit the termination or acceleration of, any Related Document or any other material
Contractual Obligation of such Loan Party or any of its Subsidiaries or (D) result in the
creation or imposition of any Lien upon any property of such Loan Party or any of its
Subsidiaries, other than Liens permitted under Section 8.02; and

          (iv) do not require (other than with respect to the Designated Collateral) the consent
of, authorization by, approval of, notice to, or filing or registration with, any
Governmental Authority or any other Person, other than those listed on Schedule 4.2
(Consents) or those that have been or will be, prior to the Effective Date, obtained or
made, copies of which have been or will be delivered to the Administrative Agent pursuant
to Section 3.1 (Conditions Precedent to the Effective Date), and each of which on the
Effective Date will be in full force and effect and, with respect to the Collateral,
filings required to perfect the Liens created by the Collateral Documents.

          (b) This Agreement has been, and each of the other Loan Documents will have been upon delivery
thereof pursuant to the terms of this Agreement, duly executed and delivered by each Loan Party
party thereto. This Agreement is, and the other Loan Documents will be, when delivered hereunder,
the legal, valid and binding obligation of each Loan Party party thereto, enforceable against such
Loan Party in accordance with its terms.

          Section 4.3 Ownership of Borrower; Subsidiaries

          (a) Set forth on Schedule 4.3 (Capitalization) is a complete and accurate list showing, as of
the Effective Date, all Subsidiaries of the Borrower and, as to each such Subsidiary, the
jurisdiction of its organization, the number of shares of each class of Stock authorized (if
applicable), the number outstanding on the Effective Date and the number and percentage of the
outstanding shares of each such class owned (directly or indirectly) by the Borrower or any
Subsidiary of the Borrower. Except as set forth on Schedule 4.3 (Capitalization), no Stock of any
Subsidiary of the Borrower is subject to any outstanding option, warrant, right of conversion or
purchase of any similar right. All of the outstanding Stock of each Subsidiary of the Borrower
owned (directly or indirectly) by the Borrower or any other Subsidiary of the Borrower has been
validly issued, is fully paid and non-assessable (to the extent applicable) and is owned by the
Borrower or a Subsidiary of the Borrower, free and clear of all Liens (other than the Lien in favor
of the Secured Parties created pursuant to the Pledge and Security Agreement). Except as set forth
on Schedule 4.3 (Capitalization), neither the Borrower nor any such Subsidiary is a party to, or
has knowledge of, any agreement restricting the transfer or hypothecation of any Stock of any such
Subsidiary, other than the Loan Documents.

          Section 4.4 Financial Statements

          (a) The Consolidated balance sheet of the Borrower and its Subsidiaries as at December 31,
2005 and the related Consolidated statements of income, stockholders’ equity and cash flows of the
Borrower and its Subsidiaries for the fiscal years then ended, certified by PricewaterhouseCoopers
LLP, and the unaudited Consolidated balance sheet of the Borrower and

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its Subsidiaries as at March 31, 2005, and the related unaudited Consolidated statements of income, stockholders’ equity and
cash flows of the Borrower and its Subsidiaries for the twelve months then ended, copies of which
have been furnished to each Lender, fairly present in all material respects, subject, in the case
of said balance sheet as at March 31, 2005, and said statements of income, stockholders’ equity and
cash flows for the twelve months then ended, to the absence of footnote disclosure and normal
recurring year-end audit adjustments, the Consolidated financial condition of the Borrower and its
Subsidiaries as at such dates and the Consolidated results of the operations of the Borrower and
its Subsidiaries for the periods ended on such dates, all in conformity with GAAP.

          (b) None of the Borrower or any of its Subsidiaries has any material obligation, contingent
liability or liability for taxes, long-term leases or unusual forward or long-term commitment that
is not reflected in the Financial Statements referred to in clause (a) above or in the notes
thereto and not otherwise permitted by this Agreement.

          (c) The Projections have been prepared by the Borrower in light of the past operations of its
business. The Projections are based upon estimates and assumptions stated therein, all of which
the Borrower believes to be reasonable and fair in light of current conditions and current facts
known to the Borrower and, as of the Effective Date, reflect the Borrower’s good faith and
reasonable estimates of the future financial performance of the Borrower and its Subsidiaries and
of the other information projected therein for the periods set forth therein. While the
assumptions and estimates upon which the Projections are based were made in good faith and on the
basis of information and assumptions that the Borrower believed to be reasonable at the time, the
Lenders, the Issuers and the Administrative Agent understand, acknowledge and agree that such
assumptions and estimates as they relate to future events are not to be viewed as fact and that
actual results during the period or periods covered by such assumptions and estimates may differ
from the Projections by a material amount.

          Section 4.5 Material Adverse Change

          Since December 31, 2005, there has been no Material Adverse Change and there have been no
events or developments that, in the aggregate, have had a Material Adverse Effect.

          Section 4.6 Solvency

          Both before and after giving effect to (a) the Loans and Letter of Credit Obligations to be
made or extended on the Effective Date or such other date as Loans and Letter of Credit Obligations
requested hereunder are made or extended, (b) the disbursement of the proceeds of such Loans
pursuant to the instructions of the Borrower, and (c) the payment and accrual of all transaction
costs in connection with the foregoing for which the Loan Parties are obligated, each of (i) the
Borrower is Solvent and (ii) the Loan Parties, taken as a whole, are Solvent.

          Section 4.7 Litigation

          There are no pending or, to the knowledge of the Borrower, threatened actions, investigations
or proceedings affecting the Borrower or any of its Subsidiaries before any court, Governmental
Authority or arbitrator other than those that, in the aggregate, would not have a Material Adverse
Effect. The performance of any action by any Loan Party required or contemplated by any Loan
Document or any Related Document is not restrained or enjoined (either temporarily, preliminarily
or permanently).

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          Section 4.8 Taxes

          (a) All federal, state, local and foreign income and franchise and other material tax returns,
reports and statements (collectively, the “Tax Returns”) required to be filed by the Borrower or
any of its Tax Affiliates have been filed with the appropriate Governmental Authorities in all
jurisdictions in which such Tax Returns are required to be filed, all such Tax Returns are true and
correct in all material respects, and all taxes, charges and other impositions reflected therein or
otherwise due and payable have been paid prior to the date on which any fine, penalty, interest,
late charge or loss may be added thereto for non-payment thereof except (i) where contested in good
faith and by appropriate proceedings if adequate reserves therefor have been established on the
books of the Borrower or such Tax Affiliate in conformity with GAAP or (ii) to the extent the
aggregate liability of the Borrower or such Tax Affiliate does not exceed $1,000,000 at any time.
No Tax Return is under audit or examination by any Governmental Authority and no notice of such an
audit or examination or any assertion of any claim for Taxes has been given or made by any
Governmental Authority which would have a Material Adverse Effect. Proper and accurate amounts
have been withheld by the Borrower and each of its Tax Affiliates from their respective employees
for all periods in compliance in all material respects with the tax, social security and
unemployment withholding provisions of applicable Requirements of Law and such withholdings have
been timely paid to the respective Governmental Authorities.

          (b) As of the Effective Date, none of the Borrower or any of its Tax Affiliates has (i)
executed or filed with the IRS or any other Governmental Authority any agreement or other document
extending, or having the effect of extending, the period for the filing of any Tax Return or the
assessment or collection of any charges, (ii) incurred any obligation under any tax sharing
agreement or arrangement other than those of which the Administrative Agent has received a copy
prior to the Effective Date or (iii) been a member of an affiliated, combined or unitary group
other than the group of which the Borrower (or its Tax Affiliate) is the common parent.

          Section 4.9 Full Disclosure

          The written information prepared or furnished by or on behalf of the Borrower and its
Subsidiaries in connection with this Agreement or the consummation of the transactions contemplated
hereunder taken as a whole, including the information contained in the Confidential Information
Memorandum, when delivered and taken as a whole, does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements contained therein
or herein not misleading. All facts known to the Borrower and material to an understanding of the
financial condition, business, properties or prospects of the Borrower and its Subsidiaries taken
as one enterprise have been disclosed to the Lenders; provided that, with respect to the
Projections, the Borrower represents only that such information was prepared in
good faith based on assumptions and estimates believed to be reasonable at the time, and the
Lenders, the Issuers and the Administrative Agent understand, acknowledge and agree that such
assumptions and estimates as they relate to future events are not to be viewed as fact and that
actual results during the period or periods covered by such assumptions and estimates may differ
from the Projections by a material amount.

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          Section 4.10 Margin Regulations

          The Borrower is not engaged in the business of extending credit for the purpose of purchasing
or carrying margin stock (within the meaning of Regulation U of the Federal Reserve Board), and no
proceeds of any Loan will be used to purchase or carry any such margin stock or to extend credit to
others for the purpose of purchasing or carrying any such margin stock in contravention of
Regulation T, U or X of the Federal Reserve Board.

          Section 4.11 No Burdensome Restrictions; No Defaults

          (a) Neither the Borrower nor any Subsidiary of the Borrower (i) is a party to any Contractual
Obligation the compliance with one or more of which would have, in the aggregate, a Material
Adverse Effect or the performance of which by any thereof, either unconditionally or upon the
happening of an event, would result in the creation of a Lien (other than a Lien permitted under
Section 8.2 (Liens, Etc.)) on the assets of any thereof or (ii) is subject to one or more charter
or corporate restrictions that would, in the aggregate, have a Material Adverse Effect.

          (b) Neither the Borrower nor any Subsidiary of the Borrower is in default under or with
respect to any Contractual Obligation owed by it and, to the knowledge of the Borrower, no other
party is in default under or with respect to any Contractual Obligation owed to any Loan Party or
to any Subsidiary of any Loan Party, other than, in either case, those defaults that, in the
aggregate, would not have a Material Adverse Effect.

          (c) No Default or Event of Default has occurred and is continuing.

          (d) To the best knowledge of the Borrower, there are no Requirements of Law applicable to any
Loan Party or any Subsidiary of any Loan Party the compliance with which by such Loan Party or such
Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect.

          Section 4.12 Investment Company Act; Public Utility Holding Company Act

          Neither the Borrower nor any Subsidiary of the Borrower is (a) an “investment company” or an
“affiliated person” of, or “promoter” or “principal underwriter” for, an “investment company,” as
such terms are defined in the Investment Company Act of 1940, as amended or (b) a “holding company”
or an “affiliate” of a “holding company” or a “subsidiary company” of a “holding company”, as each
such term is defined and used in the Public Utility Holding Company Act of 1935, as amended, or, as
the case may be, the Public Utility Holding Company Act of 2005, enacted as part of the Energy
Policy Act of 2005, Publ. L. No. 109-58 at §§ 1261 et. seq., and the regulations adopted
thereunder, as amended.

          Section 4.13 Use of Proceeds

          From and after the Effective Date, the proceeds of the Loans and the Letters of Credit are
being used by the Borrower (and, to the extent distributed to them by the Borrower, each other Loan
Party) solely (a) for the payment of transaction costs, fees and expenses incurred in connection
with this Agreement and the transactions contemplated hereby and (b) for working capital and
general corporate purposes (including Permitted Acquisitions).

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          Section 4.14 Insurance

          All policies of insurance of any kind or nature of the Borrower or any of its Subsidiaries,
including policies of life, fire, theft, product liability, public liability, property damage,
other casualty, employee fidelity, workers’ compensation and employee health and welfare insurance,
are in full force and effect and are of a nature and provide such coverage as is sufficient and as
is customarily carried by businesses of the size and character of such Person. None of the
Borrower or any of its Subsidiaries has been refused insurance for any material coverage for which
it had applied or had any policy of insurance terminated (other than at its request).

          Section 4.15 Labor Matters

          (a) There are no strikes, work stoppages, slowdowns or lockouts pending or, to the Borrower’s
knowledge, threatened against or involving the Borrower or any of its Subsidiaries, other than
those that, in the aggregate, would not have a Material Adverse Effect.

          (b) There are no unfair labor practices, grievances, complaints or arbitrations pending, or,
to the Borrower’s knowledge, threatened, against or involving the Borrower or any of its
Subsidiaries, nor are there any arbitrations or grievances threatened involving the Borrower or any
of its Subsidiaries, other than those that, in the aggregate, would not have a Material Adverse
Effect.

          (c) Except as set forth on Schedule 4.15 (Labor Matters), as of the Effective Date, there is
no collective bargaining agreement covering any employee of the Borrower or its Subsidiaries.

          (d) The public filings made by the Borrower with the Securities and Exchange Commission set
forth, as of the Effective Date, a listing of all executive employment agreements and stock option
plans of the Borrower and any of its Subsidiaries.

          Section 4.16 ERISA

          (a) Each employee benefit plan of the Borrower or any of the Borrower’s Subsidiaries intended
to qualify under Section 401 of the Code does so qualify, and any trust created thereunder is
exempt from tax under the provisions of Section 501 of the Code, except where such failures, in the
aggregate, would not have a Material Adverse Effect.

          (b) Each Title IV Plan is in compliance in all material respects with applicable provisions of
ERISA, the Code and other Requirements of Law except for non-compliances that, in the aggregate,
would not have a Material Adverse Effect.

          (c) There has been no, nor is there reasonably expected to occur, any ERISA Event other than
those that, in the aggregate, would not have a Material Adverse Effect.

          Section 4.17 Environmental Matters

          (a) The operations of the Borrower and each of its Subsidiaries are, and to the knowledge of
the Borrower have been, in compliance with all Environmental Laws, including obtaining and
complying with all required environmental, health and safety Permits, other than

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non-compliances that, in the aggregate, would not have a reasonable likelihood of the Borrower and its Subsidiaries
incurring Environmental Liabilities and Costs after the Effective Date in excess of $10,000,000 to
the extent not fully covered by insurance (so long as the applicable insurer has not denied or
disputed coverage thereof).

          (b) None of the Borrower or any of its Subsidiaries or any Real Property currently or, to the
knowledge of the Borrower, previously owned, operated or leased by or for the Borrower or any of
its Subsidiaries is subject to any pending or, to the knowledge of the Borrower, threatened, claim,
order, agreement, notice of violation, notice of potential liability or is the subject of any
pending or threatened proceeding or governmental investigation under or pursuant to Environmental
Laws other than those that, in the aggregate, are not reasonably likely to result in the Borrower
and its Subsidiaries incurring Environmental Liabilities and Costs in excess of $10,000,000 to the
extent not fully covered by insurance (so long as the applicable insurer has not denied or disputed
coverage thereof).

          (c) Except as disclosed on Schedule 4.17 (Environmental Matters), as of the Effective Date
none of the Borrower or any of its Subsidiaries is a treatment, storage or disposal facility
requiring a Permit under the Resource Conservation and Recovery Act, 42 U.S.C. § 6901 et seq., the
regulations thereunder or any state analog.

          (d) There are no facts, circumstances or conditions arising out of or relating to the
operations or ownership of the Borrower or of Real Property owned, operated or leased by the
Borrower or any of its Subsidiaries that are not specifically included in the financial information
furnished to the Lenders other than those that, in the aggregate, would not have a reasonable
likelihood of the Borrower and its Subsidiaries incurring Environmental Liabilities and Costs in
excess of $10,000,000 to the extent not fully covered by insurance (so long as the applicable
insurer has not denied or disputed coverage thereof).

          (e) As of the Effective Date, no Environmental Lien has attached to any property of the
Borrower or any of its Subsidiaries and, to the knowledge of the Borrower, no facts, circumstances
or conditions exist that could reasonably be expected to result in any such Lien attaching to any
such property.

          (f) As of the Effective Date, the Borrower and each of its Subsidiaries has provided the
Administrative Agent with an opportunity to review all environmental, health or safety audits,
studies, assessments, inspections, investigations or other environmental health and safety reports
relating to the operations of the Borrower or any of its Subsidiaries or any Real Property of any
of them that are in the possession, custody or control of the Borrower or any of its Subsidiaries.

          Section 4.18 Intellectual Property

          The Borrower and its Subsidiaries own or license or otherwise have the right to use all
licenses, permits, patents, patent applications, trademarks, trademark applications, service marks,
trade names, copyrights, copyright applications, Internet domain names, franchises, authorizations
and other intellectual property rights (including all Intellectual Property as defined in the
Pledge and Security Agreement) that are necessary for the operations of their respective
businesses, without infringement upon or conflict with the rights of any other Person with respect
thereto, including all trade names associated with any private label brands of the Borrower or any
of its Subsidiaries, except to the extent the failure to so own, license or use such rights would
to

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have a Material Adverse Effect. To the Borrower’s knowledge, no license, permit, patent, patent
application, trademark, trademark application, service mark, trade name, copyright, copyright
application, Internet domain name, franchise, authorization, other intellectual property right
(including all “Intellectual Property” as defined in the Pledge and Security Agreement), slogan or
other advertising device, product, process, method, substance, part or component, or other material
now employed, or now contemplated to be employed, by the Borrower or any of its Subsidiaries
infringes upon or conflicts with any rights owned by any other Person, and no claim or litigation
regarding any of the foregoing is pending or threatened, in either case, which would have a
Material Adverse Effect.

          Section 4.19 Title; Real Property

          (a) Each of the Borrower and its Subsidiaries has good and marketable title to, or valid
leasehold interests in, all Real Property and good title to all personal property, in each case
that is purported to be owned or leased by it, including those reflected on the most recent
Financial Statements delivered by the Borrower, and none of such properties and assets is subject
to any Lien, except Liens permitted under Section 8.2 (Liens, Etc.). The Borrower and its
Subsidiaries have received all deeds, assignments, waivers, consents, non-disturbance and
recognition or similar agreements, bills of sale and other documents in respect of, and have duly
effected all recordings, filings and other actions necessary to establish, protect and perfect, the
Borrower’s and its Subsidiaries’ right, title and interest in and to all such property, except to
the extent the failure to have received or effected the same could reasonably be expected to have a
Material Adverse Effect.

          (b) Set forth on Schedule 4.19 (Real Property) is a complete and accurate list of all Real
Property of each Loan Party and its Subsidiaries and showing, as of the Effective Date, the current
street address (including city and state) and the Subsidiary which is the owner or lessee thereof.

          (c) All Permits required to have been issued or appropriate to enable all Real Property of the
Borrower or any of its Subsidiaries to be lawfully occupied and used for all of the purposes for
which they are currently occupied and used have been lawfully issued and are in full force and
effect, other than those that, in the aggregate, would not have a Material Adverse Effect.

          Section 4.20 Related Documents

          (a) None of the Related Documents has been amended or modified in any respect and no provision
therein has been waived, except in each case to the extent permitted by
Section 8.12 (Modification of Debt Agreements) and no default or event that, with the giving
of notice or lapse of time or both, would be a default has occurred thereunder.

          (b) The Obligations constitute “Senior Indebtedness” (or equivalent term) as defined in the
Indenture.

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ARTICLE V

Financial Covenants

          The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the
following as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in
each case, unless the Requisite Lenders otherwise consent in writing:

          Section 5.1 Minimum Fixed Charge Coverage Ratio

          With respect to any fiscal month in which the Available Credit is at any time less than
$25,000,000 (any such month, the “Covenant Commencement Date”), the Borrower shall maintain a Fixed
Charge Coverage Ratio, determined as of the last day of the fiscal month preceding the Covenant
Commencement Date for which the Lenders have received financial statements pursuant to Section 6.1
(Financial Statements) and as of the last day of each fiscal month occurring thereafter until the
Covenant Termination Date, for the twelve fiscal months ending on each such date, of at least 1:1.

          Section 5.2 Capital Expenditures

          The Borrower shall not make or incur, or permit to be made or incurred, Capital Expenditures
during the Fiscal Year ended 2006 in excess of $45,000,000 and for each Fiscal Year thereafter, an
amount not to exceed the greater of 5% of the Borrower’s and its Subsidiaries’ Consolidated
revenues (determined on a last twelve months basis at the time of any such expenditure) or
$45,000,000.

ARTICLE VI

Reporting Covenants

          The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the
following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in
each case, unless the Requisite Lenders otherwise consent in writing:

          Section 6.1 Financial Statements

          The Borrower shall furnish to the Administrative Agent (with sufficient copies for each of the
Lenders) each of the following:

          (a) Monthly Reports. With respect to each fiscal month in each Fiscal Year (each, a “referent
month”), on or prior to the last day of the fiscal month following the end of each such referent
month, financial information regarding the Borrower and its Subsidiaries consisting of (i)
Consolidated unaudited statements of income for such referent month and that
portion of the current Fiscal Year ending as of the close of such month, setting forth in
comparative form the figures for the corresponding period in the prior year and the figures
contained in the Projections or, if applicable, the latest business plan provided pursuant to
clause (f) below for the current Fiscal Year, in each case certified by a Responsible Officer of
the Borrower as fairly presenting in all material respects the Consolidated financial position of
the Borrower and its Subsidiaries as at the dates indicated and the results of their operations for
the

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periods indicated in accordance with GAAP (subject to the absence of footnote disclosure and
normal year-end and quarter-end audit adjustments), (ii) the outstanding amount of all Financial
Covenant Debt as of the end of such referent month (itemized pursuant to the type of Indebtedness
comprising such Financial Covenant Debt), (iii) the total amount of Capital Expenditures made
during such referent month (and on a cumulative basis for the portion of the Fiscal Year then
ended) and (iv) the gross amount of Accounts, Trucks and Inventory as of the end of such referent
month.

          (b) Quarterly Reports. Within 45 days after the end of each of the first three Fiscal
Quarters of each Fiscal Year, financial information regarding the Borrower and its Subsidiaries
consisting of Consolidated unaudited balance sheets as of the close of such quarter and the related
statements of income and cash flow for such quarter and that portion of the Fiscal Year ending as
of the close of such quarter, setting forth in comparative form the figures for the corresponding
period in the prior year and the figures contained in the Projections or, if applicable, the latest
business plan provided pursuant to clause (f) below for the current Fiscal Year, in each case
certified by a Responsible Officer of the Borrower as fairly presenting in all material respects
the Consolidated financial position of the Borrower and its Subsidiaries as at the dates indicated
and the results of their operations and cash flow for the periods indicated in accordance with GAAP
(subject to the absence of footnote disclosure and normal year-end audit adjustments).

          (c) Annual Reports. Within 90 days after the end of each Fiscal Year, audited financial
information regarding the Borrower and its Subsidiaries consisting of Consolidated balance sheets
of the Borrower and its Subsidiaries as of the end of such year and related statements of income
and cash flows of the Borrower and its Subsidiaries for such Fiscal Year, all prepared in
conformity with GAAP and certified, in the case of such Consolidated Financial Statements, without
qualification as to the scope of the audit or as to the Borrower being a going concern by the
Borrower’s Accountants, together with the report of such accounting firm stating that (i) such
Financial Statements fairly present in all material respects the Consolidated financial position of
the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and
cash flow for the periods indicated in conformity with GAAP applied on a basis consistent with
prior years (except for changes with which the Borrower’s Accountants shall concur and that shall
have been disclosed in the notes to the Financial Statements) and (ii) the examination by the
Borrower’s Accountants in connection with such Consolidated Financial Statements has been made in
accordance with generally accepted auditing standards, and accompanied by a certificate stating
that in the course of the regular audit of the business of the Borrower and its Subsidiaries such
accounting firm has obtained no knowledge that a Default or Event of Default has occurred and is
continuing, or, if in the opinion of such accounting firm, a Default or Event of Default has
occurred and is continuing, a statement as to the nature thereof.

          (d) Compliance Certificate. Together with each delivery of any Financial Statement pursuant to
clauses (a), (b) or (c) above, a certificate of a Responsible Officer of the
Borrower (each, a “Compliance Certificate”) (i) showing in reasonable detail the calculations
used in demonstrating compliance with each of the financial covenants contained in Article V
(Financial Covenants) (whether or not then applicable) and (ii) stating that no Default or Event of
Default has occurred and is continuing or, if a Default or an Event of Default has occurred and is
continuing, stating the nature thereof and the action that the Borrower proposes to take with
respect thereto.

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          (e) Corporate Chart and Other Collateral Updates. Together with each delivery of any
Financial Statement pursuant to clause (b) or (c) above, (i) a certificate of a Responsible Officer
of the Borrower certifying that the Corporate Chart attached thereto (or the last Corporate Chart
delivered pursuant to this clause (e)) is true, correct, complete and current as of the date of
such Financial Statement and (ii) a certificate of a Responsible Officer of the Borrower in form
and substance satisfactory to the Administrative Agent that all certificates, statements, updates
and other documents (including updated schedules) required to be delivered pursuant to the Pledge
and Security Agreement by any Loan Party in the preceding Fiscal Quarter have been delivered
thereunder (or such delivery requirement was otherwise duly waived or extended). The reporting
requirements set forth in this clause (e) are in addition to, and are not intended to and shall not
replace or otherwise modify, any obligation of any Loan Party under any Loan Document (including
other notice or reporting requirements). Compliance with the reporting obligations in this clause
(e) shall only provide notice to the Administrative Agent and shall not, by itself, modify any
obligation of any Loan Party under any Loan Document, update any Schedule to this Agreement or any
schedule to any other Loan Document or cure, or otherwise modify in any way, any failure to comply
with any covenant, or any breach of any representation or warranty, contained in any Loan Document
or any other Default or Event of Default.

          (f) Business Plan. Not later than 45 days after the end of each Fiscal Year, and containing
substantially the types of financial information contained in the Projections, (i) the annual
business plan of the Borrower and its Subsidiaries for the next succeeding Fiscal Year approved by
the Board of Directors of the Borrower, (ii) forecasts prepared by management of the Borrower for
each fiscal month in the next succeeding Fiscal Year and (iii) forecasts prepared by management of
the Borrower for each of the succeeding Fiscal Years through the Fiscal Year in which the Revolving
Credit Termination Date is scheduled to occur, including, in each instance described in clauses
(ii) and (iii) above, (x) a projected year-end Consolidated balance sheet and income statement and
statement of cash flows and (y) a statement of all of the material assumptions on which such
forecasts are based.

          (g) Management Letters, Etc. Within 10 Business Days after receipt thereof by any Loan Party,
copies of each final management letter, exception report or similar letter or report received by
such Loan Party from its independent certified public accountants (including the Borrower’s
Accountants).

          (h) Intercompany Loan Balances. Together with each delivery of any Financial Statement
pursuant to clause (a) above, a summary of the outstanding balance of all intercompany Indebtedness
as of the last day of the fiscal month covered by such Financial Statement, certified by a
Responsible Officer of the Borrower.

          Section 6.2 Default Notices

          As soon as practicable, and in any event within 5 Business Days after a Responsible Officer of
any Loan Party has actual knowledge of the existence of any Default, Event of Default or other
event having had a Material Adverse Effect or having any reasonable likelihood of causing or
resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice
specifying the nature of such Default or Event of Default or such other event, including the
anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in
writing on the next Business Day.

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          Section 6.3 Litigation

          Promptly after the commencement thereof, the Borrower shall give the Administrative Agent
written notice of the commencement of all actions, suits and proceedings before any domestic or
foreign Governmental Authority or arbitrator affecting the Borrower or any of Subsidiary of the
Borrower that (i) seeks injunctive or similar relief or (ii) in the reasonable judgment of the
Borrower or such Subsidiary, expose the Borrower or such Subsidiary to liability that would have a
Material Adverse Effect.

          Section 6.4 Asset Sales

          Prior to the consummation of any Asset Sale which would require a mandatory prepayment to be
made pursuant to Section 2.9 (Mandatory Prepayments), the Borrower shall send the Administrative
Agent a notice (a) describing such Asset Sale or the nature and material terms and conditions of
such transaction and (b) stating the estimated Net Cash Proceeds anticipated to be received by the
Borrower or any of its Subsidiaries.

          Section 6.5 Notices under Related Documents

          Promptly after the sending or filing thereof, the Borrower shall send the Administrative Agent
copies of all material notices, certificates or reports delivered pursuant to, or in connection
with, any Related Document; provided that the Borrower shall not be required to send to the
Administrative Agent copies of any such notices, certificates or reports if the Borrower is already
required to deliver substantially similar information to the Administrative Agent under the Loan
Documents.

          Section 6.6 SEC Filings; Press Releases

          Promptly after the sending or filing thereof, the Borrower shall send the Administrative Agent
copies of (a) all reports that the Borrower sends to its security holders generally, (b) all
reports and registration statements that the Borrower or any of its Subsidiaries files with the
Securities and Exchange Commission or any national or foreign securities exchange or the National
Association of Securities Dealers, Inc. (it being understood that reports on Form 8-K shall be
deemed delivered at such time as the same are publicly available on EDGAR) and (c) all other
statements concerning material changes or developments in the business of such Loan Party made
available by any Loan Party to the public or any other creditor.

          Section 6.7 Labor Relations

          Promptly after becoming aware of the same, the Borrower shall give the Administrative Agent
written notice of (a) any labor dispute to which the Borrower or any of its Subsidiaries is or may
become a party, including any strikes, lockouts or other disputes relating to any of such Person’s
plants and other facilities which could reasonably be expected to have a Material Adverse Effect,
and (b) any Worker Adjustment and Retraining Notification Act or related liability incurred with
respect to the closing of any plant or other facility of any such Person.

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          Section 6.8 Tax Returns

          Upon the reasonable request of any Lender, through the Administrative Agent, the Borrower
shall provide copies of (a) all federal and all material state and local tax returns and reports
filed by the Borrower or any Subsidiary of the Borrower in respect of taxes measured by income
(excluding sales, use and like taxes) and (b) notices or other information reasonably requested by
any Lender, through the Administrative Agent, with respect to any actual audits of the tax returns
described in clause (a) above.

          Section 6.9 Insurance

          As soon as is practicable and in any event within 90 days after the end of each Fiscal Year,
the Borrower shall furnish the Administrative Agent (in sufficient copies for each of the Lenders)
with (a) a report in form and substance reasonably satisfactory to the Administrative Agent and the
Lenders outlining all material insurance coverage maintained as of the date of such report by the
Borrower or any Subsidiary of the Borrower and the duration of such coverage and (b) an insurance
broker’s statement that all premiums then due and payable with respect to such coverage have been
paid and confirming that the Administrative Agent has been named as loss payee or additional
insured, as applicable.

          Section 6.10 ERISA Matters

          The Borrower shall furnish the Administrative Agent (with sufficient copies for each of the
Lenders) each of the following:

          (a) promptly and in any event within 30 days after the Borrower, any Subsidiary of the
Borrower or any ERISA Affiliate knows or has reason to know that any ERISA Event has occurred,
written notice describing such event;

          (b) promptly and in any event within 10 days after the Borrower, any Subsidiary of the
Borrower or any ERISA Affiliate knows or has reason to know that a request for a minimum funding
waiver under Section 412 of the Code has been filed with respect to any Title IV Plan or
Multiemployer Plan, a written statement of a Responsible Officer of the Borrower describing such
ERISA Event or waiver request and the action, if any, the Borrower, its Subsidiaries and ERISA
Affiliates propose to take with respect thereto and a copy of any notice filed with the PBGC or the
IRS pertaining thereto; and

          (c) simultaneously with the date that the Borrower, any Subsidiary of the Borrower or any
ERISA Affiliate files a notice of intent to terminate any Title IV Plan, if such
termination would require material additional contributions in order to be considered a
standard termination within the meaning of Section 4041(b) of ERISA, a copy of each notice.

          Section 6.11 Environmental Matters

          The Borrower shall provide the Administrative Agent promptly and in any event within 10 days
after the Borrower or any Subsidiary of the Borrower learning of any of the following, written
notice of each of the following:

          (a) that any Loan Party is or may be liable to any Person as a result of a Release or
threatened Release that could reasonably be expected to subject such Loan Party to

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Environmental Liabilities and Costs exceeding $10,000,000 to the extent not fully covered by insurance (so long
as the applicable insurer has not denied or disputed coverage thereof);

          (b) the receipt by any Loan Party of notification that any real or personal property of such
Loan Party is or is reasonably likely to be subject to any Environmental Lien;

          (c) the receipt by any Loan Party of any notice of violation of or potential liability under,
or knowledge by such Loan Party that there exists a condition that could reasonably be expected to
result in a violation of or liability under, any Environmental Law, except for violations and
liabilities the consequence of which, in the aggregate, would not be reasonably likely to subject
the Loan Parties collectively to Environmental Liabilities and Costs exceeding $10,000,000 to the
extent not fully covered by insurance (so long as the applicable insurer has not denied or disputed
coverage thereof);

          (d) the commencement of any judicial or administrative proceeding or investigation alleging a
violation of or liability under any Environmental Law, that, in the aggregate, if adversely
determined, would have a reasonable likelihood of subjecting the Loan Parties collectively to
Environmental Liabilities and Costs exceeding $10,000,000 to the extent not fully covered by
insurance (so long as the applicable insurer has not denied or disputed coverage thereof);

          (e) any proposed acquisition of stock, assets or real estate, any proposed leasing of property
or any other action by any Loan Party or any of its Subsidiaries other than those the consequences
of which, in the aggregate, have reasonable likelihood of subjecting the Loan Parties collectively
to Environmental Liabilities and Costs exceeding $10,000,000 to the extent not fully covered by
insurance (so long as the applicable insurer has not denied or disputed coverage thereof);

          (f) any proposed action by any Loan Party or any of its Subsidiaries or any proposed change in
Environmental Laws that, in the aggregate, have a reasonable likelihood of requiring the Loan
Parties to obtain additional environmental, health or safety Permits or make additional capital
improvements to obtain compliance with Environmental Laws that, in the aggregate, would have cost
$10,000,000 to the extent not fully covered by insurance (so long as the applicable insurer has not
denied or disputed coverage thereof) or more or that shall subject the Loan Parties to additional
Environmental Liabilities and Costs exceeding $10,000,000 to the extent not fully covered by
insurance (so long as the applicable insurer has not denied or disputed coverage thereof); and

          (g) upon written request by any Lender through the Administrative Agent, a report providing an
update of the status of any environmental, health or safety compliance, hazard or liability issue
identified in any notice or report delivered pursuant to this Agreement.

          Section 6.12 Borrowing Base Deliverables and Determination

          (a) The Borrower shall deliver, as soon as available and in any event not later than 10
Business Days after the end of each fiscal month, a Borrowing Base Certificate as of the end of
such fiscal month executed by a Responsible Officer of the Borrower. If at any time Available
Credit is less than $15,000,000, the Borrower shall deliver, as soon as available and in any event
not later than 3 Business Days after the end the last day of each
week, an additional Borrowing Base Certificate as of the end of such period (containing available updated figures for Eligible
Receivables) executed by a Responsible Officer of the Borrower.

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          (b) The Borrower shall conduct, or shall cause to be conducted, at its expense and upon
request of the Administrative Agent (which request, with respect to third-party appraisers, except
during the existence of a Default or an Event of Default when requests may be more frequent, shall
not be made more frequently than once per year with regard to the Borrowing Base Collateral), and
promptly present to the Administrative Agent for approval, such appraisals by third party
appraisers reasonably satisfactory to the Administrative Agent, investigations and reviews as the
Administrative Agent shall request for the purpose of determining the Borrowing Base. The Borrower
shall promptly furnish to the Administrative Agent any information that the Administrative Agent
may reasonably request regarding the determination and calculation of the Borrowing Base including
correct and complete copies of any invoices, underlying agreements, instruments or other documents
and the identity of all Account Debtors in respect of Accounts referred to in the Borrowing Base.
Notwithstanding the foregoing, it is understood that the Administrative Agent shall be required to
request an annual third party appraisal with regard to the Borrowing Base Collateral unless (i)
Revolving Credit Outstandings are less than the product of 85% and the face amount of all Eligible
Receivables of the Borrowing Base Contributors (calculated net, without duplication, of all finance
charges, late fees and other fees that are unearned, unpaid sales, excise or similar taxes, and
credits or allowances granted at such time) (the “Eligible Receivables Amount”); provided, however
that if at any time after the one year anniversary of the most recent annual appraisal, Revolving
Credit Outstandings exceed the Eligible Receivables Amount, the Administrative Agent shall request
such an appraisal or (ii) the Requisite Lenders otherwise consent.

          (c) The Borrower shall promptly notify the Administrative Agent in writing in the event that
at any time the Borrower receives or otherwise gains knowledge (i) that the Borrowing Base is less
than 90% of the Borrowing Base reflected in the most recent Borrowing Base Certificate delivered
pursuant to clause (a) above, (ii) that the outstanding Revolving Credit Outstandings exceed the
Borrowing Base as a result of a decrease therein, in which case such notice shall also include the
amount of such excess or (iii) that Available Credit is at any time less than $15,000,000.

          (d) The Administrative Agent may, at the Borrower’s sole cost and expense, make test
verifications of the Accounts and physical verifications of the Inventory in any manner and through
any medium that the Administrative Agent considers advisable, which such verifications shall,
except during the existence of any Default or Event of Default when the same made be conducted more
frequently, occur no more frequently than quarterly and during normal business hours and, as long
as no Default or Event of Default has occurred and is continuing,
follow reasonable prior notice to the Borrower, and the Borrower shall furnish all such
assistance and information as the Administrative Agent may reasonably require in connection
therewith. At any time and from time to time, upon the Administrative Agent’s request and at the
expense of the Borrower, the Borrower shall cause independent public accountants or others
satisfactory to the Administrative Agent to furnish to the Administrative Agent reports showing
reconciliations, aging and test verifications of, and trial balances for, the Accounts; provided,
however, that unless a Default or Event of Default shall be continuing in which case requests may
be made more frequently, the Administrative Agent shall request no more than four such reports
during any calendar year.

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          (e) The Borrower shall permit the Administrative Agent or any of its Affiliates to conduct
field examinations of the Borrowing Base Collateral, which such examinations shall, except during
the existence of any Default or Event of Default when the same made be conducted more frequently,
occur no more frequently than quarterly and during normal business hours and, as long as no Default
or Event of Default has occurred and is continuing, follow reasonable prior notice to the Borrower.
The expenses of such field examinations are included in the fees payable pursuant to the
Administrative Agency Fee Letter.

          Section 6.13 Other Information

          The Borrower shall provide the Administrative Agent or any Lender with such other information
respecting the business, properties, condition, financial or otherwise, or operations of the
Borrower or any Subsidiary of the Borrower as the Administrative Agent or such Lender through the
Administrative Agent may from time to time reasonably request.

ARTICLE VII

Affirmative Covenants

          The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the
following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in
each case, unless the Requisite Lenders otherwise consent in writing:

          Section 7.1 Preservation of Corporate Existence, Etc.

          The Borrower shall, and shall cause each of its Subsidiaries to, preserve and maintain (a) its
legal existence and (b) except to the extent any failure to preserve and maintain the same could
not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect,
its rights (charter and statutory) and franchises, except, in each case, as permitted by Sections
8.3 (Investments), 8.4 (Sale of Assets) and 8.7 (Restriction on Fundamental Changes; Permitted
Acquisitions).

          Section 7.2 Compliance with Laws, Etc.

          The Borrower shall, and shall cause each of its Subsidiaries to, comply with all applicable
Requirements of Law, Contractual Obligations and Permits, except where the failure so to comply
would not, in the aggregate, have a Material Adverse Effect.

          Section 7.3 Conduct of Business

          The Borrower shall, and shall cause each of its Subsidiaries to, (a) conduct its business in
the ordinary course and consistent with past practice and (b) use its reasonable efforts, in the
ordinary course and consistent with past practice, to preserve its business and the goodwill and
business of the customers, advertisers, suppliers and others having business relations with the
Borrower or any of its Subsidiaries, except in each case where the failure to comply with the
covenants in each of clauses (a) and (b) above would not, in the aggregate, have a Material Adverse
Effect.

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          Section 7.4 Payment of Taxes, Etc.

          The Borrower shall, and shall cause each of its Subsidiaries to, pay and discharge before the
same shall become delinquent, all lawful governmental claims, taxes, assessments, charges and
levies, except (a) where contested in good faith, by proper proceedings and adequate reserves
therefor have been established on the books of the Borrower or the appropriate Subsidiary in
conformity with GAAP or (b) to the extent the aggregate liability of the Borrower or such
Subsidiary does not exceed $1,000,000 at any time.

          Section 7.5 Maintenance of Insurance

          The Borrower shall (a) maintain for itself, and each of its Subsidiaries, insurance with
responsible and reputable insurance companies or associations in such amounts and covering such
risks as is usually carried by companies engaged in similar businesses and owning similar
properties in the same general areas in which the Borrower or such Subsidiary operates, and such
other insurance as may be reasonably requested by the Requisite Lenders, and, in any event, all
insurance required by any Collateral Documents and (b) cause all such insurance relating to any
Loan Party to name the Administrative Agent on behalf of the Secured Parties as additional insured
or loss payee, as appropriate, and to provide that no cancellation, material addition in amount or
material change in coverage shall be effective until after 30 days’ written notice thereof to the
Administrative Agent.

          Section 7.6 Access

          The Borrower shall, and shall cause each of its Subsidiaries to, from time to time permit the
Administrative Agent and the Lenders, or any agents or representatives thereof, within 2 Business
Days after written notification of the same (except that during the continuance of an Event of
Default, no such notice shall be required) to (a) examine and make copies of and abstracts from the
records and books of account of the Borrower and each Subsidiary of the Borrower, (b) visit the
properties of the Borrower and each Subsidiary of the Borrower, (c) discuss the affairs, finances
and accounts of the Borrower and each Subsidiary of the Borrower with any of their respective
officers or directors and (d) communicate directly with any of its certified public accountants
(including the Borrower’s Accountants); provided that in the case of clause (d), so long as no
Default or Event of Default has occurred and is continuing, a Responsible Officer of the Borrower
or such Subsidiary shall be invited to participate in such communication (but the participation or
attendance of such Responsible Officer shall not be required). The Borrower shall authorize its
certified public accountants (including the Borrower’s Accountants), and shall cause the certified
public accountants of any Subsidiary of the Borrower, if any, to disclose to the Administrative
Agent or any Lender any and all financial statements and other information of any kind, as the
Administrative Agent or any Lender
reasonably requests and that such accountants may have with respect to the business, financial
condition, results of operations or other affairs of the Borrower or any Subsidiary of the
Borrower.

          Section 7.7 Keeping of Books

          The Borrower shall, and shall cause each of its Subsidiaries to, keep, proper books of record
and account, in which full and correct entries shall be made in conformity with GAAP of all
financial transactions and the assets and business of the Borrower and each such Subsidiary.

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          Section 7.8 Maintenance of Properties, Etc.

          The Borrower shall, and shall cause each of its Subsidiaries to, maintain and preserve (a) in
good working order and condition all of its properties necessary in the conduct of its business,
(b) all rights, permits, licenses, approvals and privileges (including all Permits) used or useful
or necessary in the conduct of its business and (c) all registered patents, trademarks, trade
names, copyrights and service marks with respect to its business, except where failure to so
maintain and preserve the items set forth in clauses (a), (b) and (c) above would not, individually
or in the aggregate, have a Material Adverse Effect.

          Section 7.9 Application of Proceeds

          The Borrower (and, to the extent distributed to them by the Borrower, each Loan Party) shall
use the entire amount of the proceeds of the Loans as provided in Section 4.13 (Use of Proceeds).

          Section 7.10 Environmental

          The Borrower shall, and shall cause each of its Subsidiaries to, comply in all material
respects with Environmental Laws and, without limiting the foregoing, the Borrower shall, at its
sole cost and expense, upon receipt of any notification or otherwise obtaining knowledge of any
Release or other event that has any reasonable likelihood of any of the Borrower or any Subsidiary
of the Borrower incurring Environmental Liabilities and Costs in excess of $5,000,000 in the
aggregate, (a) conduct, or pay for consultants to conduct, tests or assessments of environmental
conditions at such operations or properties, including the investigation and testing of subsurface
conditions and (b) take such Remedial Action and undertake such investigation or other action as
required by Environmental Laws or as any Governmental Authority requires or as is appropriate and
consistent with good business practice to address the Release or event and otherwise ensure
compliance with Environmental Laws.

          Section 7.11 Additional Collateral and Guaranties

          To the extent not delivered to the Administrative Agent on or before the Effective Date
(including in respect of after-acquired property and Persons that become Subsidiaries of any Loan
Party after the Effective Date (other than any Excluded Subsidiary or any Excluded Joint Venture,
except to the extent any Excluded Subsidiary or Excluded Joint Venture has entered into Guaranty
Obligations in respect of any Indenture)), the Borrower agrees promptly to do, or cause each
Subsidiary of the Borrower to do, each of the following, unless otherwise agreed by the
Administrative Agent:

          (a) deliver to the Administrative Agent such duly-executed supplements and amendments to the
Guaranty (or, in the case of any Subsidiary of any Loan Party that is not a Domestic Subsidiary or
that holds shares in any Person that is not a Domestic Subsidiary, foreign guarantees and related
documents), in each case in form and substance reasonably satisfactory to the Administrative Agent
and as the Administrative Agent deems necessary or advisable in order to ensure that each
Subsidiary of each Loan Party guaranties, as primary obligor and not as surety, the full and
punctual payment when due of the Obligations or any part thereof; provided, however, in no event
shall any Excluded Foreign Subsidiary be required to guaranty the payment of the Obligations,
unless (x) the Borrower and the Administrative Agent otherwise
agree or (y) such Excluded Foreign Subsidiary has entered into Guaranty Obligations in respect of any Indenture;

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          (b) deliver to the Administrative Agent such duly-executed joinder and amendments to the
Pledge and Security Agreement and, if applicable, other Collateral Documents (or, in the case of
any such Subsidiary of any Loan Party that is not a Domestic Subsidiary or that holds shares in any
Person that is not a Domestic Subsidiary, foreign charges, pledges, security agreements and other
Collateral Documents), in each case in form and substance reasonably satisfactory to the
Administrative Agent and as the Administrative Agent deems necessary or advisable in order to (i)
effectively grant to the Administrative Agent, for the benefit of the Secured Parties, a valid,
perfected and enforceable first-priority security interest in the Stock and Stock Equivalents and
other debt Securities owned by any Loan Party and (ii) effectively grant to the Administrative
Agent, for the benefit of the Secured Parties, a valid, perfected (other than in respect of
Designated Collateral) and enforceable first-priority security interest in all property interests
and other assets of any Loan Party (other than real property interests or assets); provided,
however, in no event shall (x) any Loan Party or any of its Subsidiaries, individually or
collectively, be required to pledge in excess of 65% of the outstanding Voting Stock of any
Excluded Foreign Subsidiary or (y) any assets of any Excluded Foreign Subsidiary be required to be
pledged, unless the Borrower and the Administrative Agent otherwise agree;

          (c) deliver to the Administrative Agent all certificates, instruments and other documents
representing all Pledged Stock, Pledged Debt Instruments and all other Stock, Stock Equivalents and
other debt Securities being pledged pursuant to the joinders, amendments and foreign agreements
executed pursuant to clause (b) above, together with (i) in the case of certificated Pledged Stock
and other certificated Stock and Stock Equivalents, undated stock powers endorsed in blank and (ii)
in the case of Pledged Debt Instruments and other certificated debt Securities, endorsed in blank,
in each case executed and delivered by a Responsible Officer of such Loan Party or such Subsidiary
thereof, as the case may be;

          (d) to take such other actions necessary or advisable to ensure the validity or continuing
validity of the guaranties required to be given pursuant to clause (a) above or to create, maintain
or perfect the security interest required to be granted pursuant to clause (b) above, including the
filing of UCC financing statements in such jurisdictions as may be required by the Collateral
Documents or by law or as may be reasonably requested by the Administrative Agent; and

          (e) if requested by the Administrative Agent, deliver to the Administrative Agent legal
opinions relating to the matters described above, which opinions shall be in form and substance,
and from counsel, reasonably satisfactory to the Administrative Agent.

          Section 7.12 Control Accounts; Approved Deposit Accounts

          (a) The Borrower shall, and shall cause each of its Subsidiaries to, (i) subject to clause (f)
below, deposit in an Approved Deposit Account all cash they receive, (ii) subject to clause (f)
below, not establish or maintain any Securities Account that is not a Control Account and (iii) not
establish or maintain any Deposit Account other than with a Deposit Account Bank; provided,
however, that the Borrower and each of its Subsidiaries may establish or maintain (x) payroll,
withholding tax and other fiduciary accounts, including accounts for which the funds on deposit
therein pertain to Liens permitted under clause (c) of the definition of “Customary Permitted
Liens” or Liens permitted by Section 8.2(k) (Liens) (provided that neither the Borrower

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nor any such Subsidiary may maintain funds in any such account in excess of amounts which are actually due
(or, in the case of fiduciary accounts, otherwise required to be maintained therein) to its
employees or the relevant Governmental Authority or other beneficiary of such fiduciary account),
(y) unless a Default or Event of Default has occurred and is continuing, an amount not to exceed
$2,000,000 at any time in account number 001390027679 at BofA to cover net disbursements made on
behalf of the Borrower and its Subsidiaries in the ordinary course of business and (z) Excluded
Deposit Accounts, provided further that to the extent the aggregate balances in all Excluded
Deposit Accounts at any time exceed $300,000 for a period of longer than 5 days the Borrower shall,
or shall cause the relevant Subsidiary to, either (A) cause such amounts in excess of $300,000 to,
within 1 Business Day, be transferred to an Approved Deposit Account or (B) cause one or more
Excluded Deposit Accounts to become an Approved Deposit Account so that, after giving effect to the
actions in clauses (A) and/or (B) the aggregate balance on deposit in all Excluded Deposit Accounts
shall not at any time exceed $300,000 for a period longer than 5 days.

          (b) The Borrower shall, and shall cause each of its Subsidiaries, to (i) subject to clause (a)
above, instruct each Account Debtor or other Person obligated to make a payment to any of them
under any Account or General Intangible to make payment, or to continue to make payment, to an
Approved Deposit Account and (ii) subject to clause (a) above, deposit in an Approved Deposit
Account immediately upon receipt all Proceeds of such Accounts and General Intangibles received by
the Borrower or any of its Subsidiaries from any other Person.

          (c) In the event (i) the Borrower, any Subsidiary of the Borrower or any Deposit Account Bank
shall, after the Effective Date, terminate an agreement with respect to the maintenance of an
Approved Deposit Account for any reason, (ii) the Administrative Agent shall demand such
termination as a result of the failure of a Deposit Account Bank to comply with the terms of the
applicable Deposit Account Control Agreement or (iii) the Administrative Agent determines in its
sole discretion, exercised reasonably and in good faith, that the financial condition of a Deposit
Account Bank has materially deteriorated, the Borrower shall, and shall cause each Subsidiary of
the Borrower to, notify all of their respective obligors that were making payments to such
terminated Approved Deposit Account to make all future payments to another Approved Deposit Account
(such notification to occur with the next billing cycle after the Administrative Agent has made
such determination).

          (d) In the event (i) the Borrower, any Subsidiary of the Borrower or any Approved Securities
Intermediary shall, after the Effective Date, terminate an agreement with respect to the
maintenance of a Control Account for any reason, (ii) the Administrative Agent shall demand such
termination as a result of the failure of an Approved Securities Intermediary to comply with the
terms of the applicable Securities Account Control Agreement or (iii) the Administrative Agent
determines in its sole discretion that the financial condition of an Approved
Securities Intermediary has materially deteriorated, the Borrower shall, and shall cause each
Subsidiary of the Borrower to, notify all of its obligors that were making payments to such
terminated Control Account to make all future payments to another Control Account (such
notification to occur with the next billing cycle after the Administrative Agent has made such
determination).

          (e) The Administrative Agent may establish one or more Cash Collateral Accounts with such
depositaries and Securities Intermediaries as it in its sole discretion shall determine; provided,
however, that no Cash Collateral Account shall be established with respect to the assets of any
Excluded Foreign Subsidiary. The Borrower agrees that each such Cash

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Collateral Account shall be under the sole dominion and control of the Administrative Agent and that the Administrative Agent
shall be the Entitlement Holder with respect to each such Cash Collateral Account that is a
Securities Account and the only Person authorized to give Entitlement Orders with respect to each
such Securities Account. Without limiting the foregoing, funds on deposit in any Cash Collateral
Account may be invested (but the Administrative Agent shall be under no obligation to make any such
investment) in Cash Equivalents at the direction of the Administrative Agent and, except during the
continuance of an Event of Default, the Administrative Agent agrees with the Borrower to issue
Entitlement Orders for such investments in Cash Equivalents as requested by the Borrower; provided,
however, that the Administrative Agent shall not have any responsibility for, or bear any risk of
loss of, any such investment or income thereon. None of the Borrower, any Subsidiary of the
Borrower or any other Loan Party or Person claiming on behalf of or through the Borrower, any
Subsidiary of the Borrower or any other Loan Party shall have any right to demand payment of any
funds held in any Cash Collateral Account at any time prior to the termination of all outstanding
Letters of Credit and the payment in full of all then outstanding and payable monetary Obligations.
The Administrative Agent shall apply all funds on deposit in a Cash Collateral Account as provided
in Section 2.9(f) (Mandatory Prepayments).

          (f) The provisions of this Section 7.12 shall not apply to any Excluded Foreign Subsidiary,
Excluded Subsidiary or Excluded Joint Venture to the extent the same is not otherwise required to
become a Guarantor hereunder. The Borrower may maintain a Securities Account with Merrill Lynch
(or any of its Affiliates) which is not a Control Account for the sole purpose of depositing
therein deferred compensation payments on behalf of its employees and officers in accordance with
the Borrower’s [describe deferred comp. plan], so long as the aggregate amount from time to time on
deposit therein does not exceed $10,000,000 (the “Merrill Lynch Account”).

          (g) The Administrative Agent agrees that, notwithstanding anything to the contrary herein or
in any other Loan Document, it will only exercise any rights it has under any Deposit Account
Control Agreement or Securities Account Control Agreement during a Liquidity Event Period and only
in accordance with and subject to the terms thereof.

          Section 7.13 Real Property

     (a) The Borrower shall, and shall cause each of its Subsidiaries to, (i) comply with all of
their respective obligations under all Leases now or hereafter held respectively by them except to
the extent the failure to so comply could not reasonably be expect to have a Material Adverse
Effect, (ii) not terminate, modify, amend, cancel, extend or otherwise change in any manner which
could reasonably be expected to have a Material Adverse Effect any term, covenant or condition of
any Lease, (iii) not assign or sublet any Lease if such assignment or
sublet would have a Material Adverse Effect, (iv) provide the Administrative Agent with a copy
of each notice of default under any Lease received by the Borrower or any Subsidiary of the
Borrower within 3 Business Days upon receipt thereof in respect of any Lease which is material to
the condition (financial or otherwise), business, performance, prospects, operations or properties
of the Borrower or any of its Subsidiaries, deliver to the Administrative Agent a copy of each
notice of default sent by the Borrower or any Subsidiary of the Borrower under any such Lease
simultaneously with its delivery of such notice under such Lease and (v) notify the Administrative
Agent at least 5 days prior to the date the Borrower or any Subsidiary takes possession of, or
becomes liable under, any new leased premises or Lease (whichever is earlier),

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which is material to the condition (financial or
otherwise), business, performance, prospects, operations or properties of the Borrower or any of
its Subsidiaries.

          (b) Neither the Borrower nor any Subsidiary Guarantor shall be required to grant a mortgage on
any owned or leased Real Property.

          Section 7.14 Post Closing Matters. The Borrower shall, and shall cause each of its
Subsidiaries to, satisfy the requirements set forth on Schedule 7.14 on or before the date set
forth opposite such requirement or such later date as consented to by the Administrative Agent.

ARTICLE VIII

Negative Covenants

          The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the
following, as long as any Obligation or any Revolving Credit Commitment remains outstanding and, in
each case, unless the Requisite Lenders otherwise consent in writing:

          Section 8.1 Indebtedness

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly
create, incur, assume or otherwise become or remain directly or indirectly liable with respect to
any Indebtedness except for the following:

          (a) the Secured Obligations (other than in respect of Hedging Contracts not permitted to be
incurred pursuant to clause (f) below) and Guaranty Obligations in respect thereof;

          (b) Indebtedness existing on the Effective Date and disclosed on Schedule 8.1 (Existing
Indebtedness);

          (c) Guaranty Obligations incurred by the Borrower or any Subsidiary Guarantor in respect of
Indebtedness of the Borrower, any Subsidiary Guarantor or any Proposed Acquisition Target that is
otherwise permitted by this Section 8.1 (other than clause (a) above);

          (d) Capital Lease Obligations and purchase money Indebtedness incurred by the Borrower or a
Subsidiary of the Borrower to finance the acquisition of fixed assets; provided, however, that the
Capital Expenditure related thereto is otherwise permitted by Section 5.2 (Capital Expenditures)
and that the aggregate outstanding principal amount of all such Capital Lease Obligations and
purchase money Indebtedness shall not exceed $15,000,000 at any time;

          (e) Renewals, extensions, refinancings and refundings of Indebtedness permitted by clause (d)
above, clause (k) below or this clause (e); provided, however, that any such renewal, extension,
refinancing or refunding is in an aggregate principal amount not greater than the principal amount
(and the reasonable costs incurred by such Person in connection with such refinancing or refunding,
including applicable premiums, transaction expenses, etc.) of, than the Indebtedness being renewed,
extended, refinanced or refunded;

					
	 	 	 	 	 
	 
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          (f) a Sale and Leaseback Transaction permitted pursuant to Section 8.15(b) (Operating Leases;
Sale/Leasebacks), to the extent such transaction would constitute Indebtedness;

          (g) Indebtedness arising from intercompany loans (i) from the Borrower to any Subsidiary
Guarantor or (ii) from any Subsidiary Guarantor to the Borrower or any other Subsidiary Guarantor
and (iii) from any Subsidiary to the Borrower or any other Subsidiary; provided in the case of this
clause (iii), Indebtedness owing by a Loan Party to a non-Loan Party shall be subordinated to the
repayment in full of the Obligations and the termination of the Revolving Credit Commitments;

          (h) Indebtedness arising under any performance, bid or surety bond entered into in the
ordinary course of business;

          (i) Obligations under Hedging Contracts permitted under Section 8.16 (No Speculative
Transactions);

          (j) Indebtedness secured solely by the Excluded Collateral (and the Proceeds thereof) or any
Indebtedness of any SPE or any Excluded Joint Venture, in each case, in an aggregate amount not to
exceed $10,000,000; provided that (i) neither the Borrower nor any of its Subsidiaries (other than
EMI, such SPE or such Excluded Joint Venture, as applicable) is (or may become) directly or
indirectly liable (whether as a primary obligor, surety or guarantor) for such Indebtedness and
(ii) none of the assets of the Borrower or any of its Subsidiaries (other than such Excluded
Collateral) is (or may become) subject to any Lien securing such Indebtedness;

          (k) Indebtedness of a Proposed Acquisition Target existing at the time a Permitted Acquisition
is consummated (and not created or incurred in connection with such Person becoming a Subsidiary of
the Borrower or such assets being acquired by the Borrower or its Subsidiaries, as the case may be)
in an amount not to exceed (i) $15,000,000 in aggregate principal amount outstanding at any time in
connection with the Redi-Mix Acquisition and (ii) $10,000,000 in aggregate principal amount
outstanding at any time for all other Permitted Acquisitions; provided that none of the assets of
the Borrower or any of its Subsidiaries (other than those of such Proposed Acquisition Target
and/or the Subsidiary which acquires the assets or
equity of such Proposed Acquisition Target (the “Excepted Subsidiary”) is (or may become)
subject to any Lien securing such Indebtedness;

          (l) additional Indebtedness in an aggregate principal amount not to exceed $5,000,000;

          (m) Indebtedness evidenced by the New Notes and the Additional Notes; and

          (n) Permitted Subordinated Debt.

          Section 8.2 Liens, Etc.

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, create or suffer to
exist, any Lien upon or with respect to any of their respective properties or assets, whether now
owned or hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any right to
receive income, except for the following:

					
	 	 	 	 	 
	 
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          (a) Liens created pursuant to the Loan Documents;

          (b) Liens existing on the Effective Date and disclosed on Schedule 8.2 (Existing Liens);

          (c) Customary Permitted Liens on the assets of the Borrower and the Borrower’s Subsidiaries;

          (d) purchase money Liens granted by the Borrower or any of its Subsidiaries (including the
interest of a lessor under a Capital Lease and purchase money Liens to which any property is
subject at the time, on or after the Effective Date, of the Borrower’s or such Subsidiary’s
acquisition thereof) securing Indebtedness permitted under Section 8.1(d) (Indebtedness) and
limited in each case to the property purchased with the proceeds of such purchase money
Indebtedness or subject to such Capital Lease and any improvements, accessions or proceeds thereto
or thereof;

          (e) any Lien securing the renewal, extension, refinancing or refunding of any Indebtedness
secured by any Lien permitted by clause (b) or (d) above, clause (h) below or this clause (e)
without any change in the assets subject to such Lien and to the extent such renewal, extension,
refinancing or refunding is permitted by Section 8.1(e) (Indebtedness);

          (f) Liens in favor of lessors securing operating leases or, to the extent such transactions
create a Lien hereunder, Sale and Leaseback Transactions, in each case to the extent such operating
leases or Sale and Leaseback Transactions are permitted hereunder;

          (g) Liens on Excluded Collateral (and the Proceeds thereof) securing Indebtedness permitted by
Section 8.1(j) (Indebtedness);

          (h) Liens on Equipment or Real Property (and any improvements, accessions or proceeds thereto
or thereof) securing Indebtedness permitted by Section 8.1(k) (Indebtedness);

          (i) Liens in an aggregate amount not to exceed $2,000,000 securing Indebtedness permitted by
Section 8.1(l) (Indebtedness);

          (j) encumbrances arising by reason of zoning restrictions, easements, licenses, reservations,
covenants, rights-of-way, utility easements, building restrictions and other similar encumbrances
on the use of Real Property not materially detracting from the value of such Real Property or not
materially interfering with the ordinary conduct of the business conducted and proposed to be
conducted at such real property and the other operations of the Borrower and its Subsidiaries taken
as a whole;

          (k) Liens resulting from the deposit of funds or evidences of Indebtedness in trust for the
purpose of defeasing or discharging Indebtedness of the Borrower or any Subsidiary so long as such
defeasance or discharge is otherwise permitted under this Agreement;

          (l) Liens securing judgments which do not constitute an Event of Default under Section 9.1(g)
(Events of Default);

          (m) Liens securing Inventory under construction arising from progress or partial payments by a
customer of the Borrower or any Subsidiary relating to such Inventory;

					
	 	 	 	 	 
	 
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          (n) Liens in favor of a banking institution arising as a matter of law encumbering deposits
(including the right of set-off) and which are within the general parameters customary in the
banking industry; and

          (o) Liens in favor of Merrill Lynch (or any affiliate thereof which maintains the Merrill
Lynch Account) solely in respect of the Merrill Lynch Account in an aggregate amount not to exceed
the amount of funds on deposit in the Merrill Lynch Account.

          Section 8.3 Investments

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, directly or
indirectly, make or maintain any Investment except for the following:

          (a) Investments existing on the Effective Date and disclosed on Schedule 8.3 (Existing
Investments) and any extensions or renewals thereof; provided that any such extension or renewal
shall not increase the amount of such original Investment;

          (b) Investments (i) in cash and Cash Equivalents held in compliance with Section 7.12(a)
(Control Accounts; Approved Deposit Accounts) and (ii) of amounts on deposit in the Merrill Lynch
Account; provided that neither the Merrill Lynch Account or any Investment maintained therein may
be a margin account or held or made on margin;

          (c) Investments in payment intangibles, chattel paper (each as defined in the UCC) and
Accounts, notes receivable and similar items arising or acquired in the ordinary course of business
of the Borrower and its Subsidiaries;

          (d) Investments received in settlement of amounts due to the Borrower or any Subsidiary of the
Borrower effected in the ordinary course of business;

          (e) Investments by (i) the Borrower in any Subsidiary Guarantor or any Subsidiary Guarantor in
the Borrower or any other Subsidiary Guarantor or (ii) any Subsidiary of the Borrower that is not
a Subsidiary Guarantor in the Borrower or any other Subsidiary of the Borrower;

          (f) loans or advances to employees, officers and directors of the Borrower or any Subsidiaries
of the Borrower in the ordinary course of business other than any loans or advances that would be
in violation of Section 402 of the Sarbanes-Oxley Act; provided, however, that the aggregate
principal amount of all loans and advances permitted pursuant to this clause (f) shall not exceed
$1,500,000 at any time;

          (g) Guaranty Obligations permitted by Section 8.1 (Indebtedness);

          (h) as long as no Default or Event of Default is then continuing or would result therefrom,
Investments not otherwise permitted hereby; provided, however, that the aggregate outstanding
amount of all such Investments shall not exceed $5,000,000 at any time when made;

          (i) Investments constituting Permitted Acquisitions;

					
	 	 	 	 	 
	 
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          (j) the Borrower may make the Atlas Loan (and may subsequently acquire the Atlas Stock as a
result of any foreclosure of the Atlas Stock under the Atlas Loan Documents, it being acknowledged
and agreed that the acquisition of any Atlas Stock and the subsequent ownership by the Borrower or
any of its Subsidiaries thereof shall not result in a Default or Event of Default so long as the
issuers of the Atlas Stock become Subsidiary Guarantors hereunder in accordance with the terms of
this Agreement); and

          (k) Investments in Excluded Joint Ventures; provided that the aggregate outstanding amount of
all such Investments shall not exceed $35,000,000 at the time of the making of such Investments.

          Section 8.4 Sale of Assets

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, sell, convey,
transfer, lease or otherwise dispose of, any of their respective assets or any interest therein
(including the sale or factoring at maturity or collection of any accounts) to any Person, or
permit or suffer any other Person to acquire any interest in any of their respective assets or,
except in the case of the Borrower, issue or sell any shares of their Stock or any Stock
Equivalents (any such disposition being an “Asset Sale”), except for the following:

          (a) the sale or disposition of Cash Equivalents or Inventory, in each case in the ordinary
course of business;

          (b) the sale or disposition of Equipment or Real Estate that has become obsolete or is
replaced in the ordinary course of business or is no longer necessary in or useful to the business
of the Borrower and its Subsidiaries in the ordinary course of business;

          (c) (i) a true lease or sublease of Real Property not constituting Indebtedness and not
constituting a Sale and Leaseback Transaction and (ii) a sale of assets pursuant to a Sale and
Leaseback Transaction, in each case as permitted under Section 8.15 (Operating Leases;
Sale/Leasebacks);

          (d) assignments and licenses of intellectual property of the Borrower and its Subsidiaries in
the ordinary course of business;

          (e) any Asset Sale to the Borrower or any Subsidiary Guarantor;

          (f) any Asset Sale of Excluded Collateral; and

          (g) as long as no Default or Event of Default is continuing or would result therefrom, any
other Asset Sale for Fair Market Value, payable in cash upon such sale; provided, however, that
with respect to any such Asset Sale pursuant to this clause (f), (i) the aggregate consideration
received during any Fiscal Year for all such Asset Sales shall not exceed $5,000,000 and (ii) an
amount equal to all Net Cash Proceeds of such Asset Sale are applied to the payment of the
Obligations as set forth in, and to the extent required by, Section 2.9 (Mandatory Prepayments).

					
	 	 	 	 	 
	 
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          Section 8.5 Restricted Payments

          The Borrower shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly, declare, order, pay, make or set apart any sum for any Restricted Payment except for
the following:

          (a) Restricted Payments by any Subsidiary of the Borrower to the Borrower or any Subsidiary
Guarantor;

          (b) dividends and distributions declared and paid (i) on the common Stock of the Borrower and
payable only in common Stock of the Borrower or (ii) on the common Stock of any Subsidiary and
payable only in common Stock of such Subsidiary;

          (c) Restricted Payments made by the Borrower as a result of the redemption of Stock or options
held by employees and members of management of the Borrower and its Subsidiaries in an amount not
to exceed $3,000,000 in any Fiscal Year, as long as no Default of Event of Default has occurred and
is continuing (both before and after giving effect to such Restricted Payment); and

          (d) as long as no Default or Event of Default has occurred and is then continuing both before
and after giving effect to any such Restricted Payment, Restricted Payments made by the Borrower in
an aggregate amount not to exceed the sum of (i) $3,000,000 plus (ii) additional amounts (not to
exceed $5,000,000 in the aggregate); provided that any additional amount under this clause (e)(ii)
shall only be permitted upon delivery by Borrower to the Administrative Agent at least 10 Business
Days prior to the date of any proposed Restricted Payment to be made pursuant to this clause
(e)(ii) of a certificate of a Responsible Officer (together with appropriate supporting details)
demonstrating that, on a pro forma basis after giving effect to any such Restricted Payment, the
Borrower has a Leverage Ratio as of the date of such Restricted Payment that will not exceed 2.50
to 1.

          Section 8.6 Prepayment and Cancellation of Indebtedness

          (a) The Borrower shall not, nor shall it permit any of its Subsidiaries to, cancel any claim
or Indebtedness owed to any of them except (i) in the ordinary course of business consistent with
past practice or in its reasonable credit judgment and (ii) in respect of intercompany Indebtedness
among the Borrower and the Subsidiary Guarantors.

          (b) The Borrower shall not, nor shall it permit any of its Subsidiaries to, prepay, redeem,
purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or
make any payment in violation of any subordination terms of, any Subordinated Indebtedness;
provided, however, that the Borrower and each Subsidiary of the Borrower may redeem the New Notes
and/or the Additional Notes with the proceeds of Permitted Subordinated Debt.

          Section 8.7 Restriction on Fundamental Changes; Permitted Acquisitions

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, (a) except in
connection with a Permitted Acquisition, (i) merge with any Person, (ii) consolidate with any
Person, (iii) acquire all or substantially all of the Stock or Stock Equivalents of any Person or
(iv) acquire all or substantially all of the assets of any Person or all or substantially all of the

					
	 	 	 	 	 
	 
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assets constituting the business of a division, branch or other unit operation of any Person,
(b) enter into any joint venture or partnership with any Person other than any joint venture or
partnership among the Borrower and any Subsidiary Guarantor or as otherwise permitted pursuant to
Section 8.3 (Investments) or (c) acquire or create any Subsidiary (other than any joint venture
permitted under clause (b) above) unless, after giving effect to such creation or acquisition, such
Subsidiary is a Wholly-Owned Subsidiary of the Borrower, the Borrower is in compliance with
Sections 7.11 (Additional Collateral and Guaranties) and 7.13 (Real Property) and the Investment in
such Subsidiary is permitted under Section 8.3(e) (Investments). In addition, (w) any Subsidiary
Guarantor may merge or consolidate with, or be liquidated into, the Borrower (so long as the
Borrower is the surviving Person) or any other Subsidiary Guarantor, (x) the Borrower or any
Subsidiary Guarantor may acquire all or substantially all of the assets of any other Subsidiary
Guarantor, (y) any Subsidiary of the Borrower may merge or consolidate with, or be liquidated into,
the Borrower (so long as the Borrower is the surviving Person) or any Subsidiary Guarantor (so long
as such Subsidiary Guarantor is the surviving Person and continues to be a Wholly Owned Subsidiary
of the Borrower) and (z) any Subsidiary of the Borrower which is not a Guarantor may merger or
consolidate with, or be liquidated into, any other Subsidiary of the Borrower which is also not a
Guarantor.

          Section 8.8 Change in Nature of Business

          The Borrower shall not, and shall not permit any of its Subsidiaries to, make any material
change in the nature or conduct of the business as carried on by the Borrower and its Subsidiaries
at the Effective Date, whether in connection with a Permitted Acquisition or otherwise.

          Section 8.9 Transactions with Affiliates

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, except as otherwise
expressly permitted herein, do any of the following: (a) make any Investment in an Affiliate of the
Borrower that is not the Borrower or a Subsidiary of the Borrower, (b) transfer, sell, lease,
assign or otherwise dispose of any asset to any Affiliate of the Borrower that is not a Subsidiary
of the Borrower (other than Restricted Payments permitted under Section 8.5 (Restricted Payments)),
(c) merge into or consolidate with or purchase or acquire assets from any Affiliate of the Borrower
that is not the Borrower or a Subsidiary of the Borrower or (d) enter into any other transaction
directly or indirectly with or for the benefit of any Affiliate of the Borrower that is not a
Guarantor (including guaranties and assumptions of obligations of any such
Affiliate), except for, in the case of this clause (d), (i) transactions in the ordinary
course of business on a basis no less favorable to the Borrower or, as the case may be, such
Subsidiary thereof as would be obtained in a comparable arm’s length transaction with a Person not
an Affiliate thereof, (ii) salaries and other director or employee compensation to officers or
directors of the Borrower or any of its Subsidiaries commensurate with current compensation levels
(or reimbursement of reasonable expenses and advances made in the ordinary course of business) and
(iii) transactions among the Borrower and its Wholly Owned Subsidiaries and amongst Wholly Owned
Subsidiaries.

          Section 8.10 Limitations on Restrictions on Subsidiary Distributions; No New Negative Pledge

          The Borrower shall not, and shall not permit any of its Subsidiaries to, (a) agree to enter
into or suffer to exist or become effective any consensual encumbrance or restriction of

					
	 	 	 	 	 
	 
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any kind
on the ability of such Subsidiary to (i) pay dividends or make any other distribution, (ii)
transfer funds or assets to the Borrower or any Subsidiary of the Borrower or (iii) make loans or
advances to or other Investments in, or pay any Indebtedness owed to, the Borrower or any other
Subsidiary of the Borrower or (b) enter into or suffer to exist or become effective any agreement
prohibiting or limiting the ability of the Borrower or any Subsidiary of the Borrower to create,
incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now
owned or hereafter acquired, to secure the Obligations, including any agreement requiring any other
Indebtedness or Contractual Obligation to be equally and ratably secured with the Obligations
except:

(1) pursuant to the Loan Documents;

(2) in the case of clause (a) above, pursuant to the Related Documents, to the
extent Indebtedness is outstanding under any such Related Document;

(3) pursuant to customary restrictions contained in any joint venture agreement
entered into in connection with an Investment permitted under Section 8.3
(Investments); provided that restrictions pertaining to the transactions covered by
clause (a) above apply solely to transactions between such joint venture and the
Borrower or such Subsidiary;

(4) in the case of clause (a)(ii) above, (a) customary restrictions in sale
agreements limiting the transfer of such Property pending the closing of such sale,
(b) customary restrictions pertaining to subletting or assignment of leasehold
interests, (c) restrictions contained in agreements evidencing Indebtedness
permitted by Section 8.1(b), (d), (e), (j), (k) and (l) (Indebtedness) (in which
case, any prohibition or limitation shall only be effective against the assets of
such borrower and its subsidiaries secured or financed against or thereby); and

(5) in the case of clause (b) above, restrictions contained in agreements
evidencing Indebtedness permitted by Section 8.1(b), (d), (e), (j), (k), (l) and
(m) (Indebtedness) (in which case, any prohibition or limitation shall only be
effective against the assets of such borrower and its subsidiaries secured or
financed against or thereby).

          Section 8.11 Modification of Constituent Documents

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, change its capital
structure (including in the terms of its outstanding Stock) or otherwise amend its Constituent
Documents, except for changes and amendments that do not materially and adversely affect the rights
and privileges of the Borrower or any Subsidiary of the Borrower and do not materially and
adversely affect the interests of the Administrative Agent, the Lenders and the Issuers under the
Loan Documents or in the Collateral.

          Section 8.12 Modification of Debt Agreements

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, change or amend the
terms of any Subordinated Debt (or any indenture or agreement or other material document entered
into in connection therewith) if the effect of such amendment is to (a) increase

					
	 	 	 	 	 
	 
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the interest rate
on such Subordinated Debt, (b) change the dates upon which payments of principal or interest are
due on such Subordinated Debt other than to extend such dates, (c) change any default or event of
default other than to delete or make less restrictive any default provision therein, or add any
covenant with respect to such Subordinated Debt, (d) change the subordination provisions of such
Subordinated Debt, (e) change the redemption or prepayment provisions of such Subordinated Debt
other than to extend the dates therefor or to reduce the premiums payable in connection therewith
or (f) change or amend any other term if such change or amendment would materially increase the
obligations of the obligor or confer additional material rights to the holder of such Subordinated
Debt in a manner adverse to the Borrower, any Subsidiary of the Borrower, the Administrative Agent
or any Lender.

          Section 8.13 Accounting Changes; Fiscal Year

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, change its (a)
accounting treatment and reporting practices or tax reporting treatment, except as required by GAAP
or any Requirement of Law and disclosed to the Lenders and the Administrative Agent or (b) fiscal
year.

          Section 8.14 Margin Regulations

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, use all or any portion
of the proceeds of any credit extended hereunder to purchase or carry margin stock (within the
meaning of Regulation U of the Federal Reserve Board) in contravention of Regulation U of the
Federal Reserve Board.

          Section 8.15 Operating Leases; Sale/Leasebacks

          (a) The Borrower shall not, nor shall it permit any of its Subsidiaries to, become liable
after the Effective Date as lessee or guarantor or other surety with respect to any operating lease
entered into outside the ordinary course of business of such Person, unless the aggregate amount of
all rents paid or accrued under all such operating leases shall not exceed $1,000,000 in any Fiscal
Year.

          (b) The Borrower shall not, nor shall it permit any of its Subsidiaries to, enter into any
Sale and Leaseback Transaction if, after giving effect to such Sale and Leaseback Transaction, the
aggregate Fair Market Value of all properties covered by Sale and Leaseback
Transactions would exceed $1,000,000; provided that this Section 8.15(b) shall not prohibit
any Sale and Leaseback Transaction resulting from the incurrence of any lease in respect of any
capital asset entered into within 180 days of the acquisition of such capital asset for the purpose
of providing permanent financing of such capital asset.

          Section 8.16 No Speculative Transactions

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, engage in any
speculative transaction or in any transaction involving Hedging Contracts except for the sole
purpose of hedging in the normal course of business and consistent with industry practices.

					
	 	 	 	 	 
	 
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          Section 8.17 Compliance with ERISA

          The Borrower shall not, nor shall it permit any of its Subsidiaries or any ERISA Affiliate to,
cause or permit to occur, (a) an event that could result in the imposition of a Lien under Section
412 of the Code or Section 302 or 4068 of ERISA or (b) ERISA Events that would have a Material
Adverse Effect in the aggregate.

          Section 8.18 Atlas Loan Documents; Redi-Mix Acquisition

          The Borrower shall not, nor shall it permit any of its Subsidiaries to, change, amend, waive
or otherwise modify the terms of the Atlas Loan or the Atlas Loan Documents without the prior
written consent of the Administrative Agent. The Borrower may not assign or otherwise delegate any
of its rights under the Atlas Loan Documents to any Person (other than the Administrative Agent and
the Lenders) without the prior written consent of the Administrative Agent. Furthermore, if any
default or event of default shall occur and continue under the Atlas Loan Documents, the Borrower
may exercise any of its rights or remedies under the Atlas Loan Documents and shall (a) immediately
notify the Administrative Agent thereof (including a description in reasonable detail of the nature
of such default or event of default) and (b) take all such actions as the Administrative Agent
shall reasonably request in order to enforce and preserve the Borrower’s rights and remedies under
the Atlas Loan Documents. Prior to the consummation of the Redi-Mix Acquisition, the Borrower
shall not, or shall it permit any of its Subsidiaries to, change, amend, waive or otherwise modify
the terms of the Stock Purchase Agreement described in the definition of “Redi-Mix Acquisition” in
a manner materially adverse to the interests of the Lenders without the prior written consent of
the Administrative Agent.

ARTICLE IX

Events of Default

          Section 9.1 Events of Default

          Each of the following events shall be an Event of Default:

          (a) the Borrower shall fail to pay any principal of any Loan or any Reimbursement Obligation
when the same becomes due and payable; or

          (b) the Borrower shall fail to pay any interest on any Loan, any fee under any of the Loan
Documents or any other Obligation (other than one referred to in clause (a)
above) and such non-payment continues for a period of 3 Business Days after the due date
therefor; or

          (c) any representation or warranty made or deemed made by any Loan Party in any Loan Document
or by any Loan Party (or any of its officers) in connection with any Loan Document shall prove to
have been incorrect in any material respect when made or deemed made; or

          (d) any Loan Party shall fail to perform or observe (i) any term, covenant or agreement
contained in Article V (Financial Covenants), Section 6.1 (Financial Statements), 6.2 (Default
Notices), 7.1 (Preservation of Corporate Existence, Etc.), 7.6 (Access), 7.9 (Application

					
	 	 	 	 	 
	 
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of
Proceeds), 7.11 (Additional Collateral and Guaranties), 7.12 (Control Accounts; Approved Deposit
Accounts), 7.13 (Real Property) or Article VIII (Negative Covenants), (ii) any term, covenant or
agreement contained in Section 6.12 (Borrowing Base) within 2 days after the earlier of (A) the
date on which a Responsible Officer of the Borrower becomes aware of such failure and (B) the date
on which written notice thereof shall have been given to the Borrower by the Administrative Agent
or any Lender or (iii) any other term, covenant or agreement contained in this Agreement or in any
other Loan Document if such failure under this clause (iii) shall remain unremedied for 30 days
after the earlier of (A) the date on which a Responsible Officer of the Borrower becomes aware of
such failure and (B) the date on which written notice thereof shall have been given to the Borrower
by the Administrative Agent or any Lender; or

          (e) (i) The Borrower or any of its Subsidiaries shall fail to make any payment on any
Indebtedness of the Borrower or any such Subsidiary (other than the Obligations) or any Guaranty
Obligation in respect of Indebtedness of any other Person, and, in each case, such failure relates
to (x) Subordinated Indebtedness or (y) other Indebtedness having a principal amount of $10,000,000
or more, when the same becomes due and payable (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise), (ii) any other event shall occur or condition shall exist under
any agreement or instrument relating to any such Indebtedness, if the effect of such event or
condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness or
(iii) any such Indebtedness shall become or be declared to be due and payable, or be required to be
prepaid or repurchased (other than by a regularly scheduled required prepayment), prior to the
stated maturity thereof; or

          (f) (i) The Borrower or any of its Subsidiaries shall generally not pay its debts as such
debts become due, shall admit in writing its inability to pay its debts generally or shall make a
general assignment for the benefit of creditors, (ii) any proceeding shall be instituted by or
against the Borrower or any of its Subsidiaries seeking to adjudicate it a bankrupt or insolvent,
or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or
composition of it or its debts, under any Requirement of Law relating to bankruptcy, insolvency or
reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment
of a custodian, receiver, trustee or other similar official for it or for any substantial part of
its property; provided, however, that, in the case of any such proceedings instituted against the
Borrower or any of its Subsidiaries (but not instituted by the Borrower or any such Subsidiary),
either such proceedings shall remain undismissed or unstayed for a period of 60 days or more or any
action sought in such proceedings shall occur or (iii) the Borrower or any such Subsidiary of the
Borrower shall take any corporate action to authorize any action set forth in clauses (i) and (ii)
above; or

          (g) one or more judgments or orders (or other similar process) involving, in the case of money
judgments, an individual or aggregate amount exceeding $10,000,000, to the extent not covered by
insurance, shall be rendered against one or more of any Loan Party and its Subsidiaries and either
(i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order
or (ii) there shall be any period of 30 consecutive days during which a stay of enforcement of such
judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or

          (h) an ERISA Event shall occur and the amount of all liabilities and deficiencies resulting
therefrom, whether or not assessed, exceeds $10,000,000 individually or in the aggregate; or

					
	 	 	 	 	 
	 
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          (i) any provision of any Loan Document after delivery thereof shall for any reason fail or
cease to be valid and binding on, or enforceable against (other than in accordance with its terms),
any Loan Party party thereto, or any Loan Party shall so state in writing; or

          (j) any Collateral Document shall for any reason fail or cease to create a valid and
enforceable Lien on any Collateral purported to be covered thereby or, except as permitted by the
Loan Documents, such Lien shall fail or cease to be a perfected and first priority Lien, subject to
Permitted Liens, or any Loan Party shall so state in writing; or

          (k) there shall occur any Change of Control; or

          (l) one or more of the Borrower and the Subsidiaries of the Borrower shall have entered into
one or more consent or settlement decrees or agreements or similar arrangements with a Governmental
Authority or one or more judgments, orders, decrees or similar actions shall have been entered
against one or more of the Borrower and the Subsidiaries of the Borrower based on or arising from
the violation of or pursuant to any Environmental Law, or the generation, storage, transportation,
treatment, disposal or Release of any Contaminant and, in connection with all the foregoing, the
Borrower or any Subsidiary of the Borrower is likely to incur Environmental Liabilities and Costs
exceeding $10,000,000 individually or in the aggregate to the extent not fully covered by insurance
(so long as the applicable insurer has not denied or disputed coverage thereof) that were not
reflected in the Projections or the Financial Statements delivered pursuant to Section 4.4
(Financial Statements) prior to the Effective Date.

          Section 9.2 Remedies

          During the continuance of any Event of Default, the Administrative Agent (a) may and, at the
request of the Requisite Lenders, shall, by notice to the Borrower declare that all or any portion
of the Revolving Credit Commitments be terminated, whereupon the obligation of each Lender to make
any Loan and each Issuer to Issue any Letter of Credit shall immediately terminate and (b) may,
and, at the request of the Requisite Lenders, shall, by notice to the Borrower, declare the Loans,
all accrued but unpaid interest thereon and all other amounts and Obligations payable under this
Agreement to be forthwith due and payable, whereupon the Loans, all such interest and all such
amounts and Obligations shall become and be forthwith due and payable, without presentment, demand,
protest or further notice of any kind, all of which are hereby expressly waived by the Borrower;
provided, however, that upon the occurrence of the Events of Default specified in Section 9.1(f)
(Events of Default), (x) the Revolving Credit Commitments of each Lender to make Loans and the
commitments of each Revolving Credit Lender and Issuer to Issue or participate in Letters of Credit
shall each automatically be
terminated and (y) the Loans, all such interest and all such amounts and Obligations shall
automatically become and be due and payable, without presentment, demand, protest or any notice of
any kind, all of which are hereby expressly waived by the Borrower. In addition to the remedies
set forth above, the Administrative Agent may exercise any remedies provided for by the Collateral
Documents in accordance with the terms thereof or any other remedies provided by applicable law.

          Section 9.3 Actions in Respect of Letters of Credit

          At any time (i) upon the Revolving Credit Termination Date, (ii) after the Revolving Credit
Termination Date when the aggregate funds on deposit in Cash Collateral Accounts shall be less than
105% of the Letter of Credit Obligations, or (iii) as may be required

					
	 	 	 	 	 
	 
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by Section 2.9(d) (Mandatory
Prepayments), the Borrower shall pay to the Administrative Agent in immediately available funds at
the Administrative Agent’s office referred to in Section 11.8 (Notices, Etc.), for deposit in a
Cash Collateral Account, (x) in the case of clauses (i) and (ii) above, the amount required to
that, after such payment, the aggregate funds on deposit in the Cash Collateral Accounts equals or
exceeds 105% of the sum of all outstanding Letter of Credit Obligations and (y) in the case of
clause (iii) above, the amount required by Section 2.9(d) (Mandatory Prepayments). The
Administrative Agent may, from time to time after funds are deposited in any Cash Collateral
Account, apply funds then held in such Cash Collateral Account to the payment of any amounts, in
accordance with Section 2.9(f) (Mandatory Prepayments) and Section 2.13(g) (Payments and
Computations), as shall have become or shall become due and payable by the Borrower. The
Administrative Agent shall promptly give written notice of any such application; provided, however,
that the failure to give such written notice shall not invalidate any such application.

          Section 9.4 Rescission

          If at any time after termination of the Revolving Credit Commitments or acceleration of the
maturity of the Loans, the Borrower shall pay all arrears of accrued and unpaid interest and all
payments on account of principal of the Loans and Reimbursement Obligations that shall have become
due otherwise than by acceleration (with interest on principal and, to the extent permitted by law,
on overdue interest, at the rates specified herein) and all Events of Default and Defaults (other
than non-payment of principal of and accrued interest on the Loans due and payable solely by virtue
of acceleration) shall be remedied or waived pursuant to Section 11.1 (Amendments; Waivers, Etc.),
then upon the written consent of the Requisite Lenders and written notice to the Borrower, the
termination of the Revolving Credit Commitments or the acceleration and their consequences may be
rescinded and annulled; provided, however, that such action shall not affect any subsequent Event
of Default or Default or impair any right or remedy consequent thereon. The provisions of the
preceding sentence are intended merely to bind the Lenders and the Issuers to a decision that may
be made at the election of the Requisite Lenders, and such provisions are not intended to benefit
the Borrower and do not give the Borrower the right to require the Lenders to rescind or annul any
acceleration hereunder, even if the conditions set forth herein are met.

ARTICLE X

The Administrative Agent; The Agents

          Section 10.1 Authorization and Action

          (a) Each Lender and each Issuer hereby appoints Citicorp as the Administrative Agent hereunder
and each Lender and each Issuer authorizes the Administrative Agent to take such action as agent on
its behalf and to exercise such powers under this Agreement and the other Loan Documents as are
delegated to the Administrative Agent under such agreements and to exercise such powers as are
reasonably incidental thereto. Without limiting the foregoing, each Lender and each Issuer hereby
authorizes the Administrative Agent to execute and deliver, and to perform its obligations under,
each of the Loan Documents to which the Administrative Agent is a party, to exercise all rights,
powers and remedies that the Administrative Agent may have under such Loan Documents and, in the
case of the Collateral Documents, to act as agent for the Lenders, Issuers and the other Secured
Parties under such

					
	 	 	 	 	 
	 
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Collateral Documents. Each Lender and each Issuer hereby appoints BofA as
Syndication Agent and hereby authorizes it to act in such capacity on behalf of such Lender and
such Issuer in accordance with the terms of this Agreement and the other Loan Documents . Each
Lender and each Issuer hereby appoints JPMorgan as Documentation Agent and hereby authorizes it to
act in such capacity on behalf of such Lender and such Issuer in accordance with the terms of this
Agreement and the other Loan Documents.

          (b) As to any matters not expressly provided for by this Agreement and the other Loan
Documents (including enforcement or collection), the Administrative Agent shall not be required to
exercise any discretion or take any action, but shall be required to act or to refrain from acting
(and shall be fully protected in so acting or refraining from acting) upon the instructions of the
Requisite Lenders, and such instructions shall be binding upon all Lenders and each Issuer;
provided, however, that the Administrative Agent shall not be required to take any action that (i)
the Administrative Agent in good faith believes exposes it to personal liability unless the
Administrative Agent receives an indemnification satisfactory to it from the Lenders and the
Issuers with respect to such action or (ii) is contrary to this Agreement or applicable law. The
Administrative Agent agrees to give to each Lender and each Issuer prompt notice of each notice
given to it by any Loan Party pursuant to the terms of this Agreement or the other Loan Documents.

          (c) In performing its functions and duties hereunder and under the other Loan Documents, the
Administrative Agent is acting solely on behalf of the Lenders and the Issuers except to the
limited extent provided in Section 2.7(c) (Evidence of Debt), and its duties are entirely
administrative in nature. The Administrative Agent does not assume and shall not be deemed to have
assumed any obligation other than as expressly set forth herein and in the other Loan Documents or
any other relationship as the agent, fiduciary or trustee of or for any Lender, Issuer or holder of
any other Obligation. The Administrative Agent may perform any of its duties under any Loan
Document by or through its agents or employees.

          (d) The Arrangers shall have no obligations or duties whatsoever in such capacity under this
Agreement or any other Loan Document and shall incur no liability hereunder or thereunder in such
capacity. Additionally, notwithstanding anything to the contrary contained in this Agreement, each
of the Syndication Agent and the Documentation Agent is a Lender designated as the “Syndication
Agent” or “Documentation Agent”, respectively, for title purposes
only and in such capacity shall have no obligations or duties whatsoever under this Agreement
or any other Loan Document to any Loan Party, any Lender or any Issuer and shall have no rights
separate from its rights as a Lender except as expressly provided in this Agreement.

          (e) In the event that Citicorp or any of its Affiliates shall be or become an indenture
trustee under the Trust Indenture Act of 1939 (as amended, the “Trust Indenture Act”) in respect of
any securities issued or guaranteed by any Loan Party, the parties hereto acknowledge and agree
that any payment or property received in satisfaction of or in respect of any Obligation of such
Loan Party hereunder or under any other Loan Document by or on behalf of Citicorp in its capacity
as the Administrative Agent for the benefit of any Loan Party under any Loan document (other than
Citicorp or an Affiliate of Citicorp) and which is applied in accordance with the Loan Documents
shall be deemed to be exempt from the requirements of Section 311 of the Trust Indenture Act
pursuant to Section 311(b)(3) of the Trust Indenture Act.

					
	 	 	 	 	 
	 
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          Section 10.2 Administrative Agent’s Reliance, Etc.

          None of the Administrative Agent, any of its Affiliates or any of their respective directors,
officers, agents or employees shall be liable for any action taken or omitted to be taken by it,
him, her or them under or in connection with this Agreement or the other Loan Documents, except for
its, his, her or their own gross negligence or willful misconduct. Without limiting the foregoing,
the Administrative Agent (a) may treat the payee of any Revolving Credit Note as its holder until
such Revolving Credit Note has been assigned in accordance with Section 11.2 (Assignments and
Participations), (b) may rely on the Register to the extent set forth in Section 2.7 (Evidence of
Debt), (c) may consult with legal counsel (including counsel to the Borrower or any other Loan
Party), independent public accountants and other experts selected by it and shall not be liable for
any action taken or omitted to be taken in good faith by it in accordance with the advice of such
counsel, accountants or experts, (d) makes no warranty or representation to any Lender or Issuer
and shall not be responsible to any Lender or Issuer for any statements, warranties or
representations made by or on behalf of the Borrower or any of its Subsidiaries in or in connection
with this Agreement or any other Loan Document, (e) shall not have any duty to ascertain or to
inquire either as to the performance or observance of any term, covenant or condition of this
Agreement or any other Loan Document, as to the financial condition of any Loan Party or as to the
existence or possible existence of any Default or Event of Default, (f) shall not be responsible to
any Lender or Issuer for the due execution, legality, validity, enforceability, genuineness,
sufficiency or value of, or the attachment, perfection or priority of any Lien created or purported
to be created under or in connection with, this Agreement, any other Loan Document or any other
instrument or document furnished pursuant hereto or thereto and (g) shall incur no liability under
or in respect of this Agreement or any other Loan Document by acting upon any notice, consent,
certificate or other instrument or writing (which writing may be a telecopy or electronic mail) or
any telephone message believed by it to be genuine and signed or sent by the proper party or
parties.

          Section 10.3 Posting of Approved Electronic Communications

          (a) Each of the Lenders, the Issuers and the Borrower agree, and the Borrower shall cause each
Subsidiary Guarantor to agree, that the Administrative Agent may, but shall not be obligated to,
make the Approved Electronic Communications available to the Lenders and Issuers by posting such
Approved Electronic Communications on IntraLinksTM or a substantially similar electronic platform
chosen by the Administrative Agent to be its electronic transmission system (the “Approved
Electronic Platform”).

          (b) Although the Approved Electronic Platform and its primary web portal are secured with
generally-applicable security procedures and policies implemented or modified by the Administrative
Agent from time to time (including, as of the Effective Date, a dual firewall and a User
ID/Password Authorization System) and the Approved Electronic Platform is secured through a
single-user-per-deal authorization method whereby each user may access the Approved Electronic
Platform only on a deal-by-deal basis, each of the Lenders, the Issuers and the Borrower
acknowledges and agrees, and the Borrower shall cause each Subsidiary Guarantor to acknowledge and
agree, that the distribution of material through an electronic medium is not necessarily secure and
that there are confidentiality and other risks associated with such distribution. In consideration
for the convenience and other benefits afforded by such distribution and for the other
consideration provided hereunder, the receipt and sufficiency of which is hereby acknowledged, each
of the Lenders, the Issuers and the Borrower hereby approves, and the Borrower shall cause each
Subsidiary Guarantor to approve, distribution of the Approved

					
	 	 	 	 	 
	 
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Electronic Communications through the
Approved Electronic Platform and understands and assumes, and the Borrower shall cause each
Subsidiary Guarantor to understand and assume, the risks of such distribution.

          (c) The Approved Electronic Communications and the Approved Electronic Platform are provided
“as is” and “as available”. None of the Administrative Agent or any of its Affiliates or any of
their respective officers, directors, employees, agents, advisors or representatives (the “Agent
Affiliates”) warrant the accuracy, adequacy or completeness of the Approved Electronic
Communications and the Approved Electronic Platform and each expressly disclaims liability for
errors or omissions in the Approved Electronic Communications and the Approved Electronic Platform.
No Warranty of any kind, express, implied or statutory (including, without limitation, any
warranty of merchantability, fitness for a particular purpose, non-infringement of third party
rights or freedom from viruses or other code defects) is made by the Agent Affiliates in connection
with the Approved Electronic Communications or the Approved Electronic Platform.

          (d) Each of the Lenders, the Issuers and the Borrower agree, and the Borrower shall
cause each Subsidiary Guarantor to agree, that the Administrative Agent may, but (except as may be
required by applicable law) shall not be obligated to, store the Approved Electronic Communications
on the Approved Electronic Platform in accordance with the Administrative Agent’s
generally-applicable document retention procedures and policies.

          Section 10.4 The Administrative Agent Individually

          With respect to its Ratable Portion, each Agent shall have and may exercise the same rights
and powers hereunder and is subject to the same obligations and liabilities as and to the extent
set forth herein for any other Lender. The terms “Lenders”, “Revolving Credit Lenders”, “Requisite
Lenders”, “Supermajority Lenders”, “Ultramajority Lenders” and any similar terms shall, unless the
context clearly otherwise indicates, include, without limitation, each Agent in its individual
capacity as a Lender, a Revolving Credit Lender, or as one of the Requisite Lenders, Supermajority
Lenders or Ultramajority Lenders. Each Agent and each of its Affiliates may accept deposits from,
lend money to, and generally engage in any kind of banking, trust or other business with, any Loan
Party as if such Agent were not acting as an Agent.

          Section 10.5 Lender Credit Decision

          Each Lender and each Issuer acknowledges that it shall, independently and without reliance
upon any Agent or any other Lender conduct its own independent investigation of the financial
condition and affairs of the Borrower and each other Loan Party in connection with the making and
continuance of the Loans and with the issuance of the Letters of Credit. Each Lender and each
Issuer also acknowledges that it shall, independently and without reliance upon any Agent or any
other Lender and based on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under this Agreement and
other Loan Documents.

          Section 10.6 Indemnification

          Each Lender agrees to indemnify the Administrative Agent and each of its Affiliates, and each
of their respective directors, officers, employees, agents and advisors (to the extent not
reimbursed by the Borrower), from and against such Lender’s aggregate Ratable

					
	 	 	 	 	 
	 
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Portion of any and
all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses and disbursements (including fees, expenses and disbursements of financial and legal
advisors) of any kind or nature whatsoever that may be imposed on, incurred by, or asserted
against, the Administrative Agent or any of its Affiliates, directors, officers, employees, agents
and advisors in any way relating to or arising out of this Agreement or the other Loan Documents or
any action taken or omitted by the Administrative Agent under this Agreement or the other Loan
Documents; provided, however, that no Lender shall be liable for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from the Administrative Agent’s or such Affiliate’s gross negligence or
willful misconduct. Without limiting the foregoing, each Lender agrees to reimburse the
Administrative Agent promptly upon demand for its ratable share of any out-of-pocket expenses
(including fees, expenses and disbursements of financial and legal advisors) incurred by the
Administrative Agent in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of its rights or responsibilities under, this Agreement
or the other Loan Documents, to the extent that the Administrative Agent is not reimbursed for such
expenses by the Borrower or another Loan Party.

          Section 10.7 Successor Administrative Agent

          The Administrative Agent may resign at any time by giving written notice thereof to the
Lenders and the Borrower. Upon any such resignation, the Requisite Lenders shall have the right to
appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so
appointed by the Requisite Lenders, and shall have accepted such appointment, within 30 days after
the retiring Administrative Agent’s giving of notice of resignation, then the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent,
selected from among the Lenders. In either case, such appointment shall be subject to the prior
written approval of the Borrower (which approval may not be unreasonably withheld and shall not be
required upon the occurrence and during the continuance of an Event of Default). Upon the
acceptance of any appointment as Administrative Agent by a successor Administrative Agent, such
successor Administrative Agent 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 under this Agreement and the other Loan
Documents. Prior to any retiring Administrative Agent’s resignation
hereunder as Administrative Agent, the retiring Administrative Agent shall take such action as
may be reasonably necessary to assign to the successor Administrative Agent its rights as
Administrative Agent under the Loan Documents. After such resignation, the retiring Administrative
Agent shall continue to have the benefit of this Article X as to any actions taken or omitted to be
taken by it while it was Administrative Agent under this Agreement and the other Loan Documents.

          Section 10.8 Concerning the Collateral and the Collateral Documents

          (a) Each Lender and each Issuer agrees that any action taken by the Administrative Agent or
the Requisite Lenders (or, where required by the express terms of this Agreement, a greater
proportion of the Lenders) in accordance with the provisions of this Agreement or of the other Loan
Documents, and the exercise by the Administrative Agent or the Requisite Lenders (or, where so
required, such greater proportion) of the powers set forth herein or therein, together with such
other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the
Lenders, Issuers and other Secured Parties. Without

					
	 	 	 	 	 
	 
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limiting the generality of the foregoing, the
Administrative Agent shall have the sole and exclusive right and authority to (i) act as the
disbursing and collecting agent for the Lenders and the Issuers with respect to all payments and
collections arising in connection herewith and with the Collateral Documents, (ii) execute and
deliver each Collateral Document and accept delivery of each such agreement delivered by the
Borrower or any of its Subsidiaries, (iii) act as collateral agent for the Lenders, the Issuers and
the other Secured Parties for purposes of the perfection of all security interests and Liens
created by such agreements and all other purposes stated therein, provided, however, that the
Administrative Agent hereby appoints, authorizes and directs each Lender and Issuer to act as
collateral sub-agent for the Administrative Agent, the Lenders and the Issuers for purposes of the
perfection of all security interests and Liens with respect to the Collateral, including any
Deposit Accounts maintained by a Loan Party with, and cash and Cash Equivalents held by, such
Lender or such Issuer, (iv) manage, supervise and otherwise deal with the Collateral, including the
making of Protective Advances in an aggregate amount not to exceed the lesser of $10,000,000 and
the aggregate amount of the unused Revolving Credit Commitments, (v) take such action as is
necessary or desirable to maintain the perfection and priority of the security interests and Liens
created or purported to be created by the Collateral Documents and (vi) except as may be otherwise
specifically restricted by the terms hereof or of any other Loan Document, exercise all remedies
given to the Administrative Agent, the Lenders, the Issuers and the other Secured Parties with
respect to the Collateral under the Loan Documents relating thereto, applicable law or otherwise.

          (b) Each of the Lenders and the Issuers hereby consents to the release and hereby directs, in
accordance with the terms hereof, the Administrative Agent to release (or, in the case of clause
(ii) below, release or subordinate) any Lien held by the Administrative Agent for the benefit of
the Lenders and the Issuers against any of the following:

          (i) all of the Collateral and all Loan Parties, upon termination of the Revolving
Credit Commitments and payment and satisfaction in full of all Loans, all Reimbursement
Obligations and all other Obligations that the Administrative Agent has been notified in
writing are then due and payable (and, in respect of contingent Letter of Credit
Obligations, with respect to which cash collateral has been deposited or a back-up letter
of credit has been issued, in either case in the appropriate currency and on terms
satisfactory to the Administrative Agent and the applicable Issuers);

          (ii) any assets that are subject to a Lien permitted by Section 8.2(d) or (e) (Liens,
Etc.); and

          (iii) any part of the Collateral sold or disposed of by a Loan Party if such sale or
disposition is permitted by this Agreement (or permitted pursuant to a waiver, amendment,
modification of or consent to a transaction otherwise prohibited by this Agreement).

Additionally, each of the Lenders and the Issuers hereby consents to the release and hereby
directs, in accordance with the terms hereof, the Administrative Agent to release a Subsidiary
Guarantor from its obligations under the Guaranty and any Collateral Document to which it is a
party in connection with the sale or other disposition of a Subsidiary Guarantor (or all or
substantially all of the assets thereof) to a third party or a dissolution of such Subsidiary
Guarantor permitted by this Agreement (or, in each case, permitted pursuant to a waiver or consent
of a transaction otherwise prohibited by this Agreement, but subject to the dollar limitations set
forth in Section 11.1(a)(ix)). Each of the Lenders and the Issuers hereby directs

					
	 	 	 	 	 
	 
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the
Administrative Agent to execute and deliver or file such termination and partial release statements
and do such other things as are necessary to release the Liens and/or Guaranties and Collateral
Documents to be released pursuant to this Section 10.8 promptly upon the effectiveness of any such
release.

          Section 10.9 Collateral Matters Relating to Related Obligations

          The benefit of the Loan Documents and of the provisions of this Agreement relating to the
Collateral shall extend to and be available in respect of any Secured Obligation arising under any
Hedging Contract or Cash Management Obligation or that is otherwise owed to Persons other than the
Administrative Agent, the Lenders and the Issuers (collectively, “Related Obligations”) solely on
the condition and understanding, as among the Administrative Agent and all Secured Parties, that
(a) the Related Obligations shall be entitled to the benefit of the Loan Documents and the
Collateral to the extent expressly set forth in this Agreement and the other Loan Documents and to
such extent the Administrative Agent shall hold, and have the right and power to act with respect
to, the Guaranty and the Collateral on behalf of and as agent for the holders of the Related
Obligations, but the Administrative Agent is otherwise acting solely as agent for the Lenders and
the Issuers and shall have no fiduciary duty, duty of loyalty, duty of care, duty of disclosure or
other obligation whatsoever to any holder of Related Obligations, (b) all matters, acts and
omissions relating in any manner to the Guaranty, the Collateral, or the omission, creation,
perfection, priority, abandonment or release of any Lien, shall be governed solely by the
provisions of this Agreement and the other Loan Documents and no separate Lien, right, power or
remedy shall arise or exist in favor of any Secured Party under any separate instrument or
agreement or in respect of any Related Obligation, (c) each Secured Party shall be bound by all
actions taken or omitted, in accordance with the provisions of this Agreement and the other Loan
Documents, by the Administrative Agent and the Requisite Lenders, each of whom shall be entitled to
act at its sole discretion and exclusively in its own interest given its own Revolving Credit
Commitments and its own interest in the Loans, Letter of Credit Obligations and other Obligations
to it arising under this Agreement or the other Loan Documents, without any duty or liability to
any other Secured Party or as to any Related Obligation and without regard to whether any Related
Obligation remains outstanding or is deprived of the benefit of the Collateral or becomes unsecured
or is otherwise affected or put in jeopardy thereby, (d) no holder of Related Obligations and no
other Secured Party (except the Agents, the Lenders and the Issuers, to the extent set forth in
this Agreement) shall have any right to be notified of, or to
direct, require or be heard with respect to, any action taken or omitted in respect of the
Collateral or under this Agreement or the Loan Documents and (e) no holder of any Related
Obligation shall exercise any right of setoff, banker’s lien or similar right except to the extent
provided in Section 11.6 (Right of Set-off) and then only to the extent such right is exercised in
compliance with Section 11.7 (Sharing of Payments, Etc.).

ARTICLE XI

Miscellaneous

          Section 11.1 Amendments, Waivers, Etc.

          (a) No (x) amendment or waiver of any provision of this Agreement or any other Loan Document
nor consent to any departure by any Loan Party therefrom shall in any event be effective unless the
same shall be in writing and signed by the Requisite Lenders (or by

					
	 	 	 	 	 
	 
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the Administrative Agent with
the consent of the Requisite Lenders), (y) in the case of any amendment necessary to implement the
terms of a Facilities Increase in accordance with the terms hereof, by the Borrower and the
Administrative Agent and (z) in the case of any other amendment, by the Borrower, and then any such
waiver or consent shall be effective only in the specific instance and for the specific purpose for
which given; provided, however, that no amendment, waiver or consent shall, unless in writing and
signed by each Lender directly affected thereby (other than any Non-Funding Lender), in addition to
the Requisite Lenders (or the Administrative Agent with the consent thereof), do any of the
following:

          (i) waive any condition specified in Section 3.1 (Conditions Precedent to Effective
Date) or 3.2(b) (Conditions Precedent to Each Loan and Letter of Credit), except with
respect to a condition based upon another provision hereof, the waiver of which requires
only the concurrence of the Requisite Lenders and, in the case of the conditions specified
in Section 3.1 (Conditions Precedent to Effective Date), subject to the provisions of
Section 3.3 (Determinations of Revolving Credit Borrowing Conditions);

          (ii) increase the Revolving Credit Commitment of such Lender or subject such Lender to
any additional obligation (other than as set forth in Section 2.1(b) (Facilities Increase);

          (iii) extend the scheduled final maturity of any Loan owing to such Lender, extend the
expiration date of any Revolving Credit Commitment hereunder, or waive, reduce or postpone
any scheduled date fixed for the payment or reduction of principal or interest of any such
Loan or fees owing to such Lender (it being understood that Section 2.9 (Mandatory
Prepayments) does not provide for scheduled dates fixed for payment);

          (iv) reduce, or release the Borrower from its obligations to repay, the principal
amount of any Loan or Reimbursement Obligation owing to such Lender (other than by the
payment or prepayment thereof);

          (v) reduce the rate of interest on any Loan or Reimbursement Obligation outstanding
and owing to such Lender or any fee payable hereunder to such
Lender (it being understood that the rescission of any election to impose (or waiver
of any imposition of) default rate interest shall be deemed to be a reduction to the rate
of interest on any Loan or Reimbursement Obligation);

          (vi) except as otherwise permitted by Section 10.8 (Concerning the Collateral and the
Collateral Documents), expressly subordinate any of the Secured Obligations or any Liens
securing the Secured Obligations;

          (vii) postpone any scheduled date fixed for payment of interest or fees owing to such
Lender or waive any such payment;

          (viii) change the aggregate Ratable Portions of Lenders required for any or all
Lenders to take any action hereunder;

          (ix) (w) during any Fiscal Year, release all or any portion of the Collateral with a
value in excess of $20,000,000 (except as otherwise provided in Section

					
	 	 	 	 	 
	 
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10.8(b) (Concerning
the Collateral and the Collateral Documents)), (x) during the term of this Agreement,
release all or any portion of the Collateral with a value in excess of $50,000,000 (except
as otherwise provided in Section 10.8(b) (Concerning the Collateral and the Collateral
Documents)), (y) release the Borrower from its payment obligation to such Lender under this
Agreement or the Revolving Credit Notes owing to such Lender (if any) or (z) release any
Subsidiary Guarantor from its obligations under the Guaranty and any Collateral Document to
which it is a party except in connection with the sale or other disposition of such
Subsidiary Guarantor (or all or substantially all of the assets thereof) to a third party
or a dissolution of such Subsidiary Guarantor permitted by this Agreement (or, in each
case, permitted pursuant to a waiver or consent of a transaction otherwise prohibited by
this Agreement, but subject to the dollar limitations set forth above);

          (x) increase any of the percentages set forth in the definition of “Borrowing Base”
above the maximum percentages stated in such definitions on the Effective Date; or

          (xi) amend Section 10.8(b) (Concerning the Collateral and the Collateral Documents),
Section 11.7 (Sharing of Payments, Etc.), this Section 11.1 or either definition of the
terms “Requisite Lenders”, “Supermajority Lenders”, “Ultramajority Lenders” or “Ratable
Portion”;

and provided, further, that (u) except as provided herein, no amendment or consent which shall
increase the total Revolving Credit Commitments of all Lenders hereunder above the Revolving Credit
Commitments in effect on the Effective Date shall be effective unless in writing and signed by the
Supermajority Lenders, (v) no amendment, waiver or consent which waives (or has the effect of
waiving) the requirement for any prepayment required by Section 2.9 (Mandatory Prepayments) shall
be effective unless in writing and signed by the Ultramajority Lenders, (w) no amendment, waiver or
consent which changes the definition of “Borrowing Base” or any defined terms used in such
definition, if the effect is to increase the net Revolving Credit Borrowing availability of the
Borrower, shall be effective unless in writing and signed by the Ultramajority Lenders, (x) no
amendment, waiver or consent shall, unless in writing and signed by any Special Purpose Vehicle
that has been granted an option pursuant to Section 11.2(e) (Assignments and Participations),
affect the grant or nature of such option or the right or duties of such Special
Purpose Vehicle hereunder, (y) no amendment, waiver or consent shall, unless in writing and signed
by the Administrative Agent in addition to the Lenders required above to take such action, affect
the rights or duties of the Administrative Agent under this Agreement or the other Loan Documents
and (z) no amendment, waiver or consent shall, unless in writing and signed by the Swing Loan
Lender in addition to the Lenders required above to take such action, affect the rights or duties
of the Swing Loan Lender under this Agreement or the other Loan Documents; and provided, further,
that the Administrative Agent may, with the consent of the Borrower, amend, modify or supplement
this Agreement or any other Loan Document to cure any typographical

          The Administrative Agent may, but shall have no obligation to, with the written concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to 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.

					
	 	 	 	 	 
	 
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          (c) If, in connection with any proposed amendment, modification, waiver or termination
requiring the consent of all affected Lenders, the consent of Requisite Lenders is obtained but the
consent of other Lenders whose consent is required is not obtained (any such Lender whose consent
is not obtained as described in this Section 11.1 being referred to as a “Non-Consenting Lender”),
then, as long as the Lender acting as the Administrative Agent is not a Non-Consenting Lender, at
the Borrower’s request, any Eligible Assignee acceptable to the Administrative Agent shall have the
right with the Administrative Agent’s consent and in the Administrative Agent’s sole discretion
(but shall have no obligation) to purchase from such Non-Consenting Lender, and such Non-Consenting
Lender agrees that it shall, upon the Administrative Agent’s request made within 90 days of such
non-consent, sell and assign to the Lender acting as the Administrative Agent or such Eligible
Assignee, all of the Revolving Credit Commitments and Revolving Credit Outstandings of such
Non-Consenting Lender if such Non-Consenting Lender is a Revolving Credit Lender for an amount
equal to the principal balance of all Loans held by the Non-Consenting Lender and all accrued and
unpaid interest and fees with respect thereto through the date of sale; provided, however, that
such purchase and sale shall be recorded in the Register maintained by the Administrative Agent and
shall not be effective until (x) the Administrative Agent shall have received from such Eligible
Assignee an agreement in form and substance satisfactory to the Administrative Agent and the
Borrower whereby such Eligible Assignee shall agree to be bound by the terms hereof and (y) such
Non-Consenting Lender shall have received payments of all Loans held by it and all accrued and
unpaid interest and fees with respect thereto through the date of the sale. Each Lender agrees
that, if it becomes a Non-Consenting Lender, it shall execute and deliver to the Administrative
Agent an Assignment an Acceptance to evidence such sale and purchase and shall deliver to the
Administrative Agent any Revolving Credit Note (if the assigning Lender’s Loans are evidenced by a
Revolving Credit Note) subject to such Assignment and Acceptance; provided, however, that the
failure of any Non-Consenting Lender to execute an Assignment and Acceptance shall not render such
sale and purchase (and the corresponding assignment) invalid and such assignment shall be recorded
in the Register.

          Section 11.2 Assignments and Participations

          (a) Each Lender may sell, transfer, negotiate or assign to one or more Eligible Assignees all
or a portion of its rights and obligations hereunder (including all of its rights and obligations
with respect to the Revolving Loans, the Swing Loans and the Letters of Credit); provided, however,
that (i) if any such assignment shall be of the assigning Lender’s Revolving Credit Outstandings
and Revolving Credit Commitments, such assignment shall cover the same percentage of such Lender’s
Revolving Credit Outstandings and Revolving Credit Commitments, (ii) the aggregate amount being
assigned pursuant to each such assignment (determined as of the date of the Assignment and
Acceptance with respect to such assignment) shall in no event (if less than the assignor’s entire
interest) be less than $5,000,000 or an integral
multiple of $1,000,000 in excess thereof in the case of Revolving Credit Commitments, except
(x) with the consent of the Borrower and the Administrative Agent or (y) if such assignment is
being made to a Lender or an Affiliate or Approved Fund of such Lender and (iii) if such Eligible
Assignee is not, prior to the date of such assignment, a Lender or an Affiliate or Approved Fund of
a Lender, such assignment shall be subject to the prior consent of the Administrative Agent and the
Borrower (which consents shall not be unreasonably withheld or delayed); and provided,

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further,
that, notwithstanding any other provision of this Section 11.2, the consent of the Borrower shall
not be required for any assignment occurring when any Event of Default shall have occurred and be
continuing.

          (b) The parties to each such assignment shall execute and deliver to the Administrative Agent,
for its acceptance and recording in the Register, an Assignment and Acceptance, together with any
Revolving Credit Note (if the assigning Lender’s Loans are evidenced by a Revolving Credit Note)
subject to such assignment. Upon the execution, delivery, acceptance and recording in the Register
of any Assignment and Acceptance and the receipt by the Administrative Agent from the assignee of
an assignment fee in the amount of $3,500 (it being understood that the Administrative Agent may,
in its sole and absolute discretion, waive the payment of the $3,500 assignment fee from time to
time) from and after the effective date specified in such Assignment and Acceptance, (i) the
assignee thereunder shall become a party hereto and, to the extent that rights and obligations
under the Loan Documents have been assigned to such assignee pursuant to such Assignment and
Acceptance, have the rights and obligations of a Lender and, if such Lender were an Issuer, of such
Issuer hereunder and thereunder, (ii) the Revolving Credit Notes (if any) corresponding to the
Loans assigned thereby shall be transferred to such assignee by notation in the Register and (iii)
the assignor thereunder shall, to the extent that rights and obligations under this Agreement have
been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except for
those surviving the payment in full of the Obligations) and be released from its obligations under
the Loan Documents, other than those relating to events or circumstances occurring prior to such
assignment (and, in the case of an Assignment and Acceptance covering all or the remaining portion
of an assigning Lender’s rights and obligations under the Loan Documents, such Lender shall cease
to be a party hereto).

          (c) The Administrative Agent shall maintain at its address referred to in Section 11.8
(Notices, Etc.) a copy of each Assignment and Acceptance delivered to and accepted by it and shall
record in the Register the names and addresses of the Lenders and Issuers and the principal amount
of the Loans and Reimbursement Obligations owing to each Lender from time to time and the Revolving
Credit Commitments of each Lender. Any assignment pursuant to this Section 11.2 shall not be
effective until such assignment is recorded in the Register.

          (d) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an
assignee, the Administrative Agent shall, if such Assignment and Acceptance has been completed, (i)
accept such Assignment and Acceptance, (ii) record or cause to be recorded the information
contained therein in the Register and (iii) give prompt notice thereof to the Borrower. Within 5
Business Days after its receipt of such notice, the Borrower, at its own expense, shall, if
requested by such assignee, execute and deliver to the Administrative Agent, new Revolving Credit
Notes to the order of such assignee in an amount equal to the Revolving Credit Commitments and
Loans assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has
surrendered any Revolving Credit Note for exchange in connection with the assignment and has
retained Revolving Credit Commitments or Loans
hereunder, new Revolving Credit Notes to the order of the assigning Lender in an amount equal
to the Revolving Credit Commitments and/or Loans retained by it hereunder. Such new Revolving
Credit Notes shall be dated the same date as the surrendered Revolving Credit Notes and be in
substantially the form of Exhibit B-1 (Form of Revolving Credit Note).

          (e) In addition to the other assignment rights provided in this Section 11.2, each Lender may
do each of the following:

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          (i) grant to a Special Purpose Vehicle the option to make all or any part of any Loan
that such Lender would otherwise be required to make hereunder and the exercise of such
option by any such Special Purpose Vehicle and the making of Loans pursuant thereto shall
satisfy (once and to the extent that such Loans are made) the obligation of such Lender to
make such Loans thereunder, provided, however, that (x) nothing herein shall constitute a
commitment or an offer to commit by such a Special Purpose Vehicle to make Loans hereunder
and no such Special Purpose Vehicle shall be liable for any indemnity or other Obligation
(other than the making of Loans for which such Special Purpose Vehicle shall have exercised
an option, and then only in accordance with the relevant option agreement) and (y) such
Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall
remain responsible to the other parties for the performance of its obligations under the
terms of this Agreement and shall remain the holder of the Obligations for all purposes
hereunder; and

          (ii) assign, as collateral or otherwise, any of its rights under this Agreement,
whether now owned or hereafter acquired (including rights to payments of principal or
interest on the Loans), to (A) without notice to or consent of the Administrative Agent or
the Borrower, any Federal Reserve Bank (pursuant to Regulation A of the Federal Reserve
Board) and (B) without consent of the Administrative Agent or the Borrower, (1) any holder
of, or trustee for the benefit of, the holders of such Lender’s Securities and (2) any
Special Purpose Vehicle to which such Lender has granted an option pursuant to clause (i)
above;

provided, however, that no such assignment or grant shall release such Lender from any of its
obligations hereunder except as expressly provided in clause (i) above and except, in the case of a
subsequent foreclosure pursuant to an assignment as collateral, if such foreclosure is made in
compliance with the other provisions of this Section 11.2 other than this clause (e) or clause (f)
below. Each party hereto acknowledges and agrees that, prior to the date that is one year and one
day after the payment in full of all outstanding commercial paper or other senior debt of any such
Special Purpose Vehicle, such party shall not institute against, or join any other Person in
instituting against, any Special Purpose Vehicle that has been granted an option pursuant to this
clause (e) any bankruptcy, reorganization, insolvency or liquidation proceeding (such agreement
shall survive the payment in full of the Obligations). The terms of the designation of, or
assignment to, such Special Purpose Vehicle shall not restrict such Lender’s ability to, or grant
such Special Purpose Vehicle the right to, consent to any amendment or waiver to this Agreement or
any other Loan Document or to the departure by the Borrower from any provision of this Agreement or
any other Loan Document without the consent of such Special Purpose Vehicle except, as long as the
Administrative Agent and the Lenders, Issuers and other Secured Parties shall continue to, and
shall be entitled to continue to, deal solely and directly with such Lender in connection with such
Lender’s obligations under this Agreement, to the extent any such consent would reduce the
principal amount of, or the rate of interest on, any Obligations, amend this clause (e) or postpone
any scheduled date of payment of such principal or interest. Each Special
Purpose Vehicle shall be entitled to the benefits of Sections 2.15 (Capital Adequacy) and 2.16
(Taxes) and of Section 2.14(d) (Illegality) as if it were such Lender; provided, however, that
anything herein to the contrary notwithstanding, the Borrower shall not, at any time, be obligated
to make under Section 2.15 (Capital Adequacy), 2.16 (Taxes) or 2.14(d) (Illegality) to any such
Special Purpose Vehicle and any such Lender any payment in excess of the amount the Borrower would
have been obligated to pay to such Lender in respect of such interest if such Special Purpose
Vehicle had not been assigned the rights of such Lender hereunder and provided, further,
that such
Special Purpose Vehicle shall have no right to enforce any of the terms of this Agreement against
the Borrower, the Administrative Agent or the other Lenders.

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          (f) Each Lender may sell participations to one or more Persons in or to all or a portion of
its rights and obligations under the Loan Documents (including all its rights and obligations with
respect to the Revolving Loans and Letters of Credit). The terms of such participation shall not,
in any event, require the participant’s consent to any amendments, waivers or other modifications
of any provision of any Loan Documents, the consent to any departure by any Loan Party therefrom,
or to the exercising or refraining from exercising any powers or rights such Lender may have under
or in respect of the Loan Documents (including the right to enforce the obligations of the Loan
Parties), except if any such amendment, waiver or other modification or consent would (i) reduce
the amount, or postpone any date fixed for, any amount (whether of principal, interest or fees)
payable to such participant under the Loan Documents, to which such participant would otherwise be
entitled under such participation or (ii) result in the release of all or substantially all of the
Collateral other than in accordance with Section 10.8(b) (Concerning the Collateral and the
Collateral Documents). In the event of the sale of any participation by any Lender, (w) such
Lender’s obligations under the Loan Documents shall remain unchanged, (x) such Lender shall remain
solely responsible to the other parties for the performance of such obligations, (y) such Lender
shall remain the holder of such Obligations for all purposes of this Agreement and (z) the
Borrower, the Administrative Agent 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.
Each participant shall be entitled to the benefits of Sections 2.15 (Capital Adequacy) and 2.16
(Taxes) and of Section 2.14(d) (Illegality) as if it were a Lender; provided, however, that
anything herein to the contrary notwithstanding, the Borrower shall not, at any time, be obligated
to make under Section 2.15 (Capital Adequacy), 2.16 (Taxes) or 2.14(d) (Illegality) to the
participants in the rights and obligations of any Lender (together with such Lender) any payment in
excess of the amount the Borrower would have been obligated to pay to such Lender in respect of
such interest had such participation not been sold and provided, further, that such participant in
the rights and obligations of such Lender shall have no right to enforce any of the terms of this
Agreement against the Borrower, the Administrative Agent or the other Lenders.

          (g) Any Issuer may at any time assign its rights and obligations hereunder to any other Lender
by an instrument in form and substance satisfactory to the Borrower, the Administrative Agent, such
Issuer and such Lender, subject to the provisions of Section 2.7(c) (Evidence of Debt) relating to
notations of transfer in the Register. If any Issuer ceases to be a Lender hereunder by virtue of
any assignment made pursuant to this Section 11.2, then, as of the effective date of such
cessation, such Issuer’s obligations to Issue Letters of Credit pursuant to Section 2.4 (Letters of
Credit) shall terminate and such Issuer shall be an Issuer hereunder only with respect to
outstanding Letters of Credit issued prior to such date.

          Section 11.3 Costs and Expenses

          (a) The Borrower agrees upon demand to pay, or reimburse the Administrative Agent for, all of
the Administrative Agent’s reasonable internal and external audit, legal, appraisal, valuation,
filing, document duplication and reproduction and investigation expenses and for all other
reasonable out-of-pocket costs and expenses of every type and nature (including the reasonable
fees, expenses and disbursements of the Administrative Agent’s counsel, Weil, Gotshal & Manges LLP,
local legal counsel, auditors, accountants, appraisers, printers, insurance and environmental
advisors, and other consultants and agents) incurred by the

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Administrative Agent in connection with
any of the following: (i) the Administrative Agent’s audit and investigation of the Borrower and
its Subsidiaries in connection with the preparation, negotiation or execution of any Loan Document
or the Administrative Agent’s periodic audits of the Borrower or any of its Subsidiaries, as the
case may be, (ii) the preparation, negotiation, execution or interpretation of this Agreement
(including, without limitation, the satisfaction or attempted satisfaction of any condition set
forth in Article III (Conditions to Loans and Letters of Credit)), any Loan Document or any
proposal letter or commitment letter issued in connection therewith, or the making of the Loans
hereunder, (iii) the creation, perfection or protection of the Liens under any Loan Document
(including any reasonable fees, disbursements and expenses for local counsel in various
jurisdictions), (iv) the ongoing administration of this Agreement and the Loans, including
consultation with attorneys in connection therewith and with respect to the Administrative Agent’s
rights and responsibilities hereunder and under the other Loan Documents, (v) the protection,
collection or enforcement of any Obligation or the enforcement, after and during the continuance of
any Event of Default, of any Loan Document, (vi) the commencement, defense or intervention in any
court proceeding relating in any way to the Obligations, any Loan Party, any of the Borrower’s
Subsidiaries, any Permitted Acquisition, the Related Documents, this Agreement or any other Loan
Document, (vii) the response to, and preparation for, any subpoena or request for document
production with which the Administrative Agent is served or deposition or other proceeding in which
the Administrative Agent is called to testify, in each case, relating in any way to the
Obligations, any Loan Party, any of the Borrower’s Subsidiaries, any Permitted Acquisition, the
Related Documents, this Agreement or any other Loan Document or (viii) any amendment, consent,
waiver, assignment, restatement, or supplement to any Loan Document or the preparation, negotiation
and execution of the same.

          (b) The Borrower further agrees to pay or reimburse each Agent, Lender and Issuer upon demand
for all out-of-pocket costs and expenses, including reasonable attorneys’ fees (including allocated
costs of internal counsel and costs of settlement), incurred by such Agent, Lender or Issuer in
connection with any of the following: (i) in enforcing any Loan Document or Obligation or any
security therefor or exercising or enforcing any other right or remedy available, in each case, by
reason of an Event of Default, (ii) in connection with any refinancing or restructuring of the
credit arrangements provided hereunder in the nature of a “work-out” or in any insolvency or
bankruptcy proceeding, (iii) in commencing, defending or intervening in any litigation or in filing
a petition, complaint, answer, motion or other pleadings in any legal proceeding relating to the
Obligations, any Loan Party, any of the Borrower’s Subsidiaries and related to or arising out of
the transactions contemplated hereby or by any other Loan Document or Related Document or (iv) in
taking any other action in or with respect to any suit or proceeding (bankruptcy or otherwise)
described in clause (i), (ii) or (iii) above.

          Section 11.4 Indemnities

          (a) The Borrower agrees to indemnify and hold harmless each Agent, the Arranger, Lender and
Issuer and each of their respective Affiliates, and each of the directors, officers, employees,
agents, trustees, representatives, attorneys, consultants and advisors of or to any of the
foregoing (including those retained in connection with the satisfaction or attempted satisfaction
of any condition set forth in Article III (Conditions to Initial Loans and Letters of Credit))
(each such Person being an “Indemnitee”) from and against any and all claims, damages, liabilities,
obligations, losses, penalties, actions, judgments, suits, costs, disbursements and expenses, joint
or several, of any kind or nature (including fees, disbursements and expenses of financial and
legal advisors to any such Indemnitee) that may be imposed on, incurred by or

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asserted against any
such Indemnitee in connection with or arising out of any investigation, litigation or proceeding,
whether or not such investigation, litigation or proceeding is brought by any such Indemnitee or
any of its directors, security holders or creditors or any such Indemnitee, director, security
holder or creditor is a party thereto, whether direct, indirect, or consequential and whether based
on any federal, state or local law or other statutory regulation, securities or commercial law or
regulation, or under common law or in equity, or on contract, tort or otherwise, in any manner
relating to or arising out of this Agreement, any other Loan Document, any Obligation, any Letter
of Credit, any Disclosure Document, any Related Document, or any act, event or transaction related
or attendant to any thereof, or the use or intended use of the proceeds of the Loans or Letters of
Credit or in connection with any investigation of any potential matter covered hereby
(collectively, the “Indemnified Matters”); provided, however, that the Borrower shall not have any
liability under this Section 11.4 to an Indemnitee with respect to any exemplary or consequential
damages or any Indemnified Matter that has resulted primarily from the gross negligence or willful
misconduct of that Indemnitee, as determined by a court of competent jurisdiction in a final
non-appealable judgment or order. Without limiting the foregoing, “Indemnified Matters” include
(i) all Environmental Liabilities and Costs arising from or connected with the past, present or
future operations of the Borrower or any of its Subsidiaries involving any property subject to a
Collateral Document, or damage to real or personal property or natural resources or harm or injury
alleged to have resulted from any Release of Contaminants on, upon or into such property or any
contiguous real estate, (ii) any costs or liabilities incurred in connection with any Remedial
Action concerning the Borrower or any of its Subsidiaries, (iii) any costs or liabilities incurred
in connection with any Environmental Lien and (iv) any costs or liabilities incurred in connection
with any other matter under any Environmental Law, including the Comprehensive Environmental
Response, Compensation and Liability Act of 1980 (49 U.S.C. § 9601 et seq.) and applicable state
property transfer laws, whether, with respect to any such matter, such Indemnitee is a mortgagee
pursuant to any leasehold mortgage, a mortgagee in possession, the successor in interest to the
Borrower or any of its Subsidiaries, or the owner, lessee or operator of any property of the
Borrower or any of its Subsidiaries by virtue of foreclosure, except, with respect to those matters
referred to in clauses (i), (ii), (iii) and (iv) above, to the extent (x) incurred following
foreclosure by the Administrative Agent, any Lender or any Issuer, or the Administrative Agent, any
Lender or any Issuer having become the successor in interest to the Borrower or any of its
Subsidiaries and (y) attributable solely to acts of the Administrative Agent, such Lender or such
Issuer or any agent on behalf of the Administrative Agent, such Lender or such Issuer.

          (b) The Borrower shall indemnify the Administrative Agent, the Lenders and each Issuer for,
and hold the Administrative Agent, the Lenders and each Issuer harmless from and against, any and
all claims for brokerage commissions, fees and other compensation made against the Administrative Agent, the Lenders and the Issuers for any broker, finder or
consultant with respect to any agreement, arrangement or understanding made by or on behalf of any
Loan Party or any of its Subsidiaries in connection with the transactions contemplated by this
Agreement.

          (c) The Borrower, at the request of any Indemnitee, shall have the obligation to defend
against any investigation, litigation or proceeding or requested Remedial Action, in each case
contemplated in clause (a) above, and the Borrower, in any event, may participate in the defense
thereof with legal counsel of the Borrower’s choice. In the event that such Indemnitee requests
the Borrower to defend against such investigation, litigation or proceeding or requested Remedial
Action, the Borrower shall promptly do so and such Indemnitee shall have

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the right to have legal
counsel of its choice participate in such defense. No action taken by legal counsel chosen by such
Indemnitee in defending against any such investigation, litigation or proceeding or requested
Remedial Action, shall vitiate or in any way impair the Borrower’s obligation and duty hereunder to
indemnify and hold harmless such Indemnitee.

          (d) The Borrower agrees that any indemnification or other protection provided to any
Indemnitee pursuant to this Agreement (including pursuant to this Section 11.4) or any other Loan
Document shall (i) survive payment in full of the Obligations and (ii) inure to the benefit of any
Person that was at any time an Indemnitee under this Agreement or any other Loan Document.

          Section 11.5 Limitation of Liability

          (a) The Borrower agrees that no Indemnitee shall have any liability (whether in contract, tort
or otherwise) to any Loan Party or any of their respective Subsidiaries or any of their respective
equity holders or creditors for or in connection with the transactions contemplated hereby and in
the other Loan Documents and Related Documents, except to the extent such liability is determined
in a final non-appealable judgment by a court of competent jurisdiction to have resulted primarily
from such Indemnitee’s gross negligence or willful misconduct. In no event, however, shall any
Indemnitee or Loan Party be liable on any theory of liability for any special, indirect,
consequential or punitive damages (including, without limitation, any loss of profits, business or
anticipated savings). Each of the parties hereto hereby waives, releases and agrees (each for
itself and on behalf of its Subsidiaries) not to sue upon any such claim for any special, indirect,
consequential or punitive damages, whether or not accrued and whether or not known or suspected to
exist in its favor.

          (b) IN NO EVENT SHALL ANY AGENT AFFILIATE HAVE ANY LIABILITY TO ANY LOAN PARTY, LENDER, ISSUER
OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR
CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT OR CONTRACT OR OTHERWISE) ARISING OUT OF
ANY LOAN PARTY OR ANY AGENT AFFILIATE’S TRANSMISSION OF APPROVED ELECTRONIC COMMUNICATIONS THROUGH
THE INTERNET OR ANY USE OF THE APPROVED ELECTRONIC PLATFORM, EXCEPT TO THE EXTENT SUCH LIABILITY OF
ANY AGENT AFFILIATE IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT
JURISDICTION TO HAVE RESULTED PRIMARILY FORM SUCH AGENT AFFILIATE’S GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT.

          Section 11.6 Right of Set-off

          Upon the occurrence and during the continuance of any Event of Default each Lender and each
Affiliate of a Lender is hereby authorized at any time and from time to time, to the fullest extent
permitted by law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other Indebtedness at any time owing by such Lender or
its Affiliates to or for the credit or the account of the Borrower against any and all of the
Obligations now or hereafter existing whether or not such Lender shall have made any demand under
this Agreement or any other Loan Document and even though such Obligations may be unmatured. Each
Lender agrees promptly to notify the Borrower after any such set-off and application made by such
Lender or its Affiliates; provided, however, that the failure to give such notice shall not affect
the validity of such set-off and application. Each Lender agrees that it

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shall not, without the
express consent of the Requisite Lenders (and that, it shall, to the extent lawfully entitled to do
so, upon the request of the Requisite Lenders) exercise its set-off rights under this Section 11.6
against any deposit accounts of the Loan Parties and their Subsidiaries maintained with such Lender
or any Affiliate thereof. The rights of each Lender under this Section 11.6 are in addition to the
other rights and remedies (including other rights of set-off) that such Lender may have.

          Section 11.7 Sharing of Payments, Etc.

          (a) If any Lender (directly or through an Affiliate thereof) obtains any payment (whether
voluntary, involuntary, through the exercise of any right of set-off (including pursuant to Section
11.6 (Right of Set-off) or otherwise) of the Loans owing to it, any interest thereon, fees in
respect thereof or amounts due pursuant to Section 11.3 (Costs and Expenses) or 11.4 (Indemnities)
(other than payments pursuant to Sections 2.14 (Special Provisions Governing Eurodollar Rate
Loans), 2.15 (Capital Adequacy) or 2.16 (Taxes)) or otherwise receives any Collateral or any
“Proceeds” (as defined in the Pledge and Security Agreement) of Collateral (other than payments
pursuant to Sections 2.14 (Special Provisions Governing Eurodollar Rate Loans), 2.15 (Capital
Adequacy) or 2.16 (Taxes)) (in each case, whether voluntary, involuntary, through the exercise of
any right of set-off or otherwise (including pursuant to Section 11.6 (Right of Set-off)) in excess
of its Ratable Portion of all payments of such Obligations obtained by all the Lenders, such Lender
(a “Purchasing Lender”) shall forthwith purchase from the other Lenders (each, a “Selling Lender”)
such participations in their Loans or other Obligations as shall be necessary to cause such
Purchasing Lender to share the excess payment ratably with each of them.

          (b) If all or any portion of any payment received by a Purchasing Lender is thereafter
recovered from such Purchasing Lender, such purchase from each Selling Lender shall be rescinded
and such Selling Lender shall repay to the Purchasing Lender the purchase price to the extent of
such recovery together with an amount equal to such Selling Lender’s ratable share (according to
the proportion of (i) the amount of such Selling Lender’s required repayment in relation to (ii)
the total amount so recovered from the Purchasing Lender) of any interest or other amount paid or
payable by the Purchasing Lender in respect of the total amount so recovered.

          (c) The Borrower agrees that any Purchasing Lender so purchasing a participation from a
Selling Lender pursuant to this Section 11.7 may, to the fullest extent permitted by law, exercise
all its rights of payment (including the right of set-off) with respect to such participation as
fully as if such Lender were the direct creditor of the Borrower in the amount of such
participation.

          Section 11.8 Notices, Etc.

          (a) Addresses for Notices. All notices, demands, requests, consents and other communications
provided for in this Agreement shall be given in writing, or by any telecommunication device
capable of creating a written record (including electronic mail), and addressed to the party to be
notified as follows:

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          (i) if to the Borrower:

U.S. Concrete 

2925 Briarpark, Suite 1050

Houston, Texas 77042

Attention: General Counsel

Telecopy no: (713) 499-6201

E-Mail Address: dwayne@us-concrete.com

with a copy to:

Baker Botts L.L.P.

One Shell Plaza

910 Louisiana Street

Houston, Texas 77002

Attention: Stephen Krebs

Telecopy no:     (719) 229-7767

E-Mail Address: stephen.krebs@bakerbotts.com

          (ii) if to any Lender, at its Domestic Lending Office specified opposite its name on
Schedule II (Applicable Lending Offices and Addresses for Notices) or on the signature page
of any applicable Assignment and Acceptance;

          (iii) if to any Issuer, at the address set forth under its name on Schedule II
(Applicable Lending Offices and Addresses for Notices; and

          (iv) if to the Administrative Agent or the Swing Loan Lender:

Citicorp North America, Inc.

388 Greenwich Street, 20th Floor

New York, New York 10013

Attention: Keith Gerding

Telecopy no: (212) 816-2613

E-Mail Address: keith.r.gerding@citigroup.com

with a copy to:

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, New York 10153-0119

Attention: Daniel S. Dokos

Telecopy no:     (212) 310-8007

E-Mail Address: daniel.dokos@weil.com

or at such other address as shall be notified in writing (x) in the case of the Borrower, the
Administrative Agent and the Swing Loan Lender, to the other parties and (y) in the case of all
other parties, to the Borrower and the Administrative Agent.

          (b) Effectiveness of Notices. All notices, demands, requests, consents and other
communications described in clause (a) above shall be effective (i) if delivered by hand, including
any overnight courier service, upon personal delivery, (ii) if delivered by mail, when deposited in
the mails, (iii) if delivered by posting to an Approved Electronic Platform, an Internet website or
a similar telecommunication device requiring that a user have prior access to

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such Approved
Electronic Platform, website or other device, when such notice, demand, request, consent and other
communication shall have been made generally available on such Approved Electronic Platform,
Internet website or similar device to the class of Person being notified (regardless of whether any
such Person must accomplish, and whether or not any such Person shall have accomplished, any action
prior to obtaining access to such items, including registration, disclosure of contact information,
compliance with a standard user agreement or undertaking a duty of confidentiality) and (iv) if
delivered by electronic mail or any other telecommunications device, when transmitted to an
electronic mail address (or by another means of electronic delivery) as provided in clause (a)
above; provided, however, that notices and communications to the Administrative Agent pursuant to
Article II (The Facilities) or Article X (The Administrative Agent) shall not be effective until
received by the Administrative Agent.

          (c) Use of Electronic Platform. Notwithstanding clauses (a) and (b) above (unless the
Administrative Agent requests that the provisions of clause (a) and (b) above be followed) and any
other provision in this Agreement or any other Loan Document providing for the delivery of, any
Approved Electronic Communication by any other means, the Loan Parties shall deliver all Approved
Electronic Communications to the Administrative Agent by properly transmitting such Approved
Electronic Communications electronically (in a format reasonably acceptable to the Administrative
Agent) to oploanswebadmin@citigroup.com or such other electronic mail address (or similar means of
electronic delivery) as the Administrative Agent may notify the Borrower. Nothing in this clause
(c) shall prejudice the right of the Administrative Agent or any Lender or Issuer to deliver any
Approved Electronic Communication to any Loan Party in any manner authorized in this Agreement.

          Section 11.9 No Waiver; Remedies

          No failure on the part of any Lender, Issuer or the Administrative Agent to exercise, and no
delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise of any such right preclude any other or further exercise thereof or the exercise
of any other right. The remedies herein provided are cumulative and not exclusive of any remedies
provided by law.

          Section 11.10 Binding Effect; Amendment and Restatement

          (a) This Agreement shall become effective when it shall have been executed by the Borrower and
each Agent and when the Administrative Agent shall have been notified by each Lender and Issuer
that such Lender or Issuer has executed it and thereafter shall be binding upon and inure to the
benefit of the Borrower, each Agent and each Lender and Issuer and, in each case, their respective
successors and assigns; provided, however, that the Borrower shall not have the right to assign its
rights hereunder or any interest herein without the prior written consent of the Lenders.

          (b) On the Effective Date, the Existing Credit Agreement shall be amended and restated in its
entirety by this Agreement, and the Existing Credit Agreement shall thereafter be of no further
force and effect, except to evidence (i) the incurrence by the Borrower of the “Obligations” under
and as defined in the Existing Credit Agreement (whether or not such “Obligations” are contingent
as of the Effective Date), (ii) the representations and warranties made by the Borrower prior to
the Effective Date and (iii) any action or omission performed or required to be performed pursuant
to such Existing Credit Agreement prior to the Effective Date (including any failure, prior to the
Effective Date, to comply with the covenants contained in such

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Existing Credit Agreement). The
amendments and restatements set forth herein shall not cure any breach thereof or any “Default” or
“Event of Default” under and as defined in the Existing Credit Agreement existing prior to the
Effective Date. This Agreement is not in any way intended to constitute a novation of the
obligations and liabilities existing under the Existing Credit Agreement or evidence payment of all
or any portion of such obligations and liabilities.

          (c) The terms and conditions of this Agreement and the Administrative Agent’, the Lenders’ and
the Issuers’ rights and remedies under this Agreement and the other Loan Documents shall apply to
all of the Obligations incurred under the Existing Credit Agreement and the Notes issued
thereunder.

          (d) On and after the Effective Date, (i) all references to the Existing Credit Agreement (or
to any amendment or any amendment and restatement thereof) in the Loan Documents (other than this
Agreement) shall be deemed to refer to the Existing Credit Agreement, as amended and restated
hereby, (ii) all references to any Article, Section or sub-clause of the Existing Credit Agreement
or in any Loan Document (but not herein) shall be amended to become, mutatis mutandis, references
to the corresponding provisions of this Agreement and (iii) except as the context otherwise
provides, on or after the Effective Date, all references to this Agreement herein (including for
purposes of indemnification and reimbursement of fees) shall be deemed to be reference to the
Existing Credit Agreement, as amended and restated hereby.

          (e) This amendment and restatement is limited as written and is not a consent to any other
amendment, restatement or waiver, whether or not similar and, except as expressly provided herein
or in any other Loan Document, all terms and conditions of the Loan Documents remain in full force
and effect unless otherwise specifically amended hereby or any other Loan Document.

          Section 11.11 Governing Law

          This Agreement and the rights and obligations of the parties hereto shall be governed by,
and construed and interpreted in accordance with, the law of the State of New York.

          Section 11.12 Submission to Jurisdiction; Service of Process

          (a) Any legal action or proceeding with respect to this Agreement or any other Loan Document
may be brought in the courts of the State of New York located in the City of New York or of the
United States of America for the Southern District of New York, and, by execution and delivery of
this Agreement, the Borrower hereby accepts for itself and in respect of its property, generally
and unconditionally, the jurisdiction of the aforesaid courts. The parties hereto hereby
irrevocably waive any objection, including any objection to the laying of venue or based on the
grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any
such action or proceeding in such respective jurisdictions.

          (b) The Borrower irrevocably consents to the service of any and all process in any suit,
action or proceeding brought in the United States of America by the mailing (by registered or
certified mail, postage prepaid) of copies of such process to the Borrower at its address specified
in Section 11.8 (Notices, Etc.). The Borrower 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.

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          (c) Nothing contained in this Section 11.12 shall affect the right of the Administrative Agent
or any Lender to serve process in any other manner permitted by law or commence legal proceedings
or otherwise proceed against the Borrower or any other Loan Party in any other jurisdiction.

          (d) If for the purposes of obtaining judgment in any court it is necessary to convert a sum
due hereunder in Dollars into another currency, the parties hereto agree, to the fullest extent
that they may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures the Administrative Agent could purchase Dollars with such
other currency at the spot rate of exchange quoted by the Administrative Agent at 11:00 a.m. (New
York time) on the Business Day preceding that on which final judgment is given, for the purchase of
Dollars, for delivery 2 Business Days thereafter.

          Section 11.13 Waiver of Jury Trial

          Each of the Agents, the Lenders, the Issuers and the Borrower irrevocably waives trial by
jury in any action or proceeding with respect to this Agreement or any other Loan Document.

          Section 11.14 Marshaling; Payments Set Aside

          None of the Administrative Agent, any Lender or any Issuer shall be under any obligation to
marshal any assets in favor of the Borrower or any other party or against or in payment of any or
all of the Obligations. To the extent that the Borrower makes a payment or payments to the
Administrative Agent, the Lenders or the Issuers or any such Person receives payment from the
proceeds of the Collateral or exercise their rights of setoff, and such payment
or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a
trustee, receiver or any other party, then to the extent of such recovery, the obligation or part
thereof originally intended to be satisfied, and all Liens, right and remedies therefor, shall be
revived and continued in full force and effect as if such payment had not been made or such
enforcement or setoff had not occurred.

          Section 11.15 Section Titles

          The section titles contained in this Agreement are and shall be without substantive meaning or
content of any kind whatsoever and are not a part of the agreement between the parties hereto,
except when used to reference a section. Any reference to the number of a clause, sub-clause or
subsection hereof immediately followed by a reference in parenthesis to the title of the Section
containing such clause, sub-clause or subsection is a reference to such clause, sub-clause or
subsection and not to the entire Section; provided, however, that, in case of direct conflict
between the reference to the title and the reference to the number of such Section, the reference
to the title shall govern absent manifest error. If any reference to the number of a Section (but
not to any clause, sub-clause or subsection thereof) is followed immediately by a reference in
parenthesis to the title of a Section, the title reference shall govern in case of direct conflict
absent manifest error.

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          Section 11.16 Execution in Counterparts

          This Agreement may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an original and all of
which taken together shall constitute one and the same agreement. Signature pages may be detached
from multiple separate counterparts and attached to a single counterpart so that all signature
pages are attached to the same document. Delivery of an executed signature page of this Agreement
by facsimile transmission or by posting on the Approved Electronic Platform shall be as effective
as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement
signed by all parties shall be lodged with the Borrower and the Administrative Agent.

          Section 11.17 Entire Agreement

          This Agreement, together with all of the other Loan Documents and all certificates and
documents delivered hereunder or thereunder, embodies the entire agreement of the parties and
supersedes all prior agreements and understandings relating to the subject matter hereof, except to
the extent otherwise expressly provided in the Commitment Letter dated as of February 25, 2004. In
the event of any conflict between the terms of this Agreement and any other Loan Document, the
terms of this Agreement shall govern.

          Section 11.18 Confidentiality

          Each Lender and the Administrative Agent agree to use all reasonable efforts to keep
information obtained by it pursuant hereto and the other Loan Documents confidential in accordance
with such Lender’s or the Administrative Agent’s, as the case may be, customary practices and
agrees that it shall only use such information in connection with the transactions contemplated by
this Agreement and not disclose any such information other than (a) to such Lender’s or the
Administrative Agent’s, as the case may be, employees, representatives and
agents that are or are expected to be involved in the evaluation of such information in
connection with the transactions contemplated by this Agreement and are advised of the confidential
nature of such information, (b) to the extent such information presently is or hereafter becomes
available to such Lender or the Administrative Agent, as the case may be, on a non-confidential
basis from a source other than the Borrower or any other Loan Party, (c) to the extent disclosure
is required by law, regulation or judicial order or requested or required by bank regulators or
auditors or (d) to current or prospective assignees, participants and Special Purpose Vehicles
grantees of any option described in Section 11.2(e) (Assignments and Participations), contractual
counterparties in any Hedging Contract permitted hereunder and to their respective legal or
financial advisors, in each case and to the extent such assignees, participants, grantees or
counterparties agree to be bound by, and to cause their advisors to comply with, the provisions of
this Section 11.18. Notwithstanding any other provision in this Agreement, the Administrative
Agent, the Arrangers and the Lenders hereby agree that the Borrower and each of its officers,
directors, employees, accountants, attorneys and other advisors may disclose to any and all
persons, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of the
Revolving Credit Facility and the transactions contemplated hereby and all materials of any kind
(including opinions and other tax analyses) that are provided to each of them relating to such U.S.
tax treatment and U.S. tax structure.

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          Section 11.19 Patriot Act Notice

          Each Lender subject to the Patriot Act hereby notifies the Borrower that, pursuant to Section
326 of the Patriot Act, it is required to obtain, verify and record information that identifies the
Borrower, including, the name and address of the Borrower and other information that will allow
such Lender to identify the Borrower in accordance with the Patriot Act.

          Section 11.20 Release of Real Estate Collateral

          On the Effective Date, each of the Mortgages granted under (and as defined in) the Existing
Credit Agreement is hereby released without further action, and the Administrative Agent shall, at
the sole cost and expense of the Borrower, take any and all actions reasonably requested by the
Borrower to further evidence such releases, including, the execution and delivery of instruments of
satisfaction and discharge as it pertains to such Mortgages.

[Signature Pages Follow]

122

 

          In Witness Whereof, the parties hereto have caused this Agreement to be executed
by their respective officers thereunto duly authorized, as of the date first above written.

	 	 	 	 	 
	 	 	U.S. Concrete, Inc. as Borrower
	 
	 	 	 	 
	 

	 	By:	 	/s/ Robert D. Hardy
	 

	 	 	 	 
	 

	 	 	 	Name: Robert D. Hardy
	 

	 	 	 	Title: Senior Vice President
and
          Chief
Financial Officer
	 
	 	 	 	 
	 	 	Citicorp North America, Inc., as Administrative Agent, Swing Loan Lender
and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Keith R. Gerding
	 

	 	 	 	 
	 

	 	 	 	Name: Keith R. Gerding
	 

	 	 	 	Title: Vice President & Director
	 
	 	 	 	 
	 	 	Citibank, N.A., as Issuer
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Keith R. Gerding
	 

	 	 	 	 
	 

	 	 	 	Name: Keith R. Gerding
	 

	 	 	 	Title: Vice President & Director
	 
	 	 	 	 
	 	 	Bank of America, N.A., as Syndication
Agent and Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Joy L. Bartholomew
	 

	 	 	 	 
	 

	 	 	 	Name: Joy L. Bartholomew
	 

	 	 	 	Title: Senior Vice President

 

 

	 	 	 	 	 
	 	 	JPMorgan Chase Bank, as Documentation
Agent and Lender
	 
	 	 	 	 
	 

	 	By:	 	 /s/ Courtney Jeans
	 

	 	 	 	 
	 

	 	 	 	Name: Courtney Jeans
	 

	 	 	 	Title: Vice President

 

 

	 	 	 	 	 
	 	 	Branch Banking and Trust Co., as Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Troy R. Weaver
	 

	 	 	 	 
	 

	 	 	 	Name: Troy R Weaver
	 

	 	 	 	Title: Senior Vice President

 

 

	 	 	 	 	 
	 	 	CAPITAL ONE, N.A., as Lender
	 
	 	 	 	 
	 

	 	By:	 	 /s/ Deborah H. Halling
	 

	 	 	 	 
	 

	 	 	 	Name: Deborah H. Halling
	 

	 	 	 	Title: Senior Vice President

 

 

	 	 	 	 	 
	 	 	COMERICA BANK, as Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Charles T. Johnson
	 

	 	 	 	 
	 

	 	 	 	Name: Charles T. Johnson
	 

	 	 	 	Title: Vice President

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