Document:

Second Lien Credit Agreement

 EXHIBIT 4.2 
 EXECUTION COPY 
 $25,000,000 
 SECOND LIEN CREDIT AGREEMENT 
 Dated as of July 2, 2007 
 among 
 MEDICAL STAFFING NETWORK, INC., AS
BORROWER 
 MEDICAL STAFFING HOLDINGS, LLC AND 
 MEDICAL STAFFING NETWORK HOLDINGS, INC. 
 AS CERTAIN OF THE GUARANTORS 
 THE LENDERS PARTY HERETO 
 and 
 GENERAL ELECTRIC CAPITAL CORPORATION, 
 AS
ADMINISTRATIVE AGENT AND COLLATERAL AGENT 
 · · · 
 GE CAPITAL MARKETS, INC., 
 AS JOINT LEAD
ARRANGER AND JOINT BOOKRUNNER 
 MERRILL LYNCH CAPITAL, 
 AS JOINT LEAD ARRANGER, JOINT BOOKRUNNER AND SYNDICATION AGENT 
  

 CREDIT AGREEMENT 
 MEDICAL
STAFFING NETWORK, INC. 

 Table of Contents 
  

					
	 	  	 	  	Page
			
	 ARTICLE I
	  	DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS	  	1
			
	 Section 1.1
	  	Defined Terms	  	1
			
	 Section 1.2
	  	UCC Terms	  	25
			
	 Section 1.3
	  	Accounting Terms and Principles	  	26
			
	 Section 1.4
	  	Payments	  	26
			
	 Section 1.5
	  	Interpretation	  	26
			
	 ARTICLE II
	  	THE FACILITY	  	27
			
	 Section 2.1
	  	Term Loan Commitments	  	27
			
	 Section 2.2
	  	[Reserved]	  	27
			
	 Section 2.3
	  	[Reserved]	  	27
			
	 Section 2.4
	  	[Reserved]	  	27
			
	 Section 2.5
	  	Termination of the Commitments	  	27
			
	 Section 2.6
	  	Repayment of Loans	  	27
			
	 Section 2.7
	  	Optional Prepayments	  	27
			
	 Section 2.8
	  	Mandatory Prepayments	  	27
			
	 Section 2.9
	  	Interest	  	28
			
	 Section 2.10
	  	Conversion and Continuation Options	  	30
			
	 Section 2.11
	  	Fees	  	30
			
	 Section 2.12
	  	Application of Payments	  	30
			
	 Section 2.13
	  	Payments and Computations	  	31
			
	 Section 2.14
	  	Evidence of Debt	  	32
			
	 Section 2.15
	  	Suspension of Eurodollar Rate Option	  	34
			
	 Section 2.16
	  	Breakage Costs; Increased Costs; Capital Requirements	  	34
			
	 Section 2.17
	  	Taxes	  	35
			
	 Section 2.18
	  	Substitution of Lenders	  	37
			
	 Section 2.19
	  	Prepayment Premium	  	38
			
	 ARTICLE III
	  	CONDITIONS TO LOANS	  	38
			
	 Section 3.1
	  	Conditions Precedent to Loans	  	38
			
	 Section 3.2
	  	Determinations of Borrowing Conditions	  	40
			
	 ARTICLE IV
	  	REPRESENTATIONS AND WARRANTIES	  	41
			
	 Section 4.1
	  	Corporate Existence; Compliance with Law	  	41

  

 i 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 4.2
	  	Loan and Related Documents	  	41
			
	 Section 4.3
	  	Ownership of Group Members	  	42
			
	 Section 4.4
	  	Financial Statements	  	42
			
	 Section 4.5
	  	Material Adverse Effect	  	43
			
	 Section 4.6
	  	Solvency	  	43
			
	 Section 4.7
	  	Litigation	  	43
			
	 Section 4.8
	  	Taxes	  	43
			
	 Section 4.9
	  	Margin Regulations	  	44
			
	 Section 4.10
	  	No Burdensome Obligations; No Defaults	  	44
			
	 Section 4.11
	  	Investment Company Act	  	44
			
	 Section 4.12
	  	Labor Matters	  	44
			
	 Section 4.13
	  	ERISA	  	44
			
	 Section 4.14
	  	Environmental Matters	  	45
			
	 Section 4.15
	  	Intellectual Property	  	45
			
	 Section 4.16
	  	Title; Real Property	  	46
			
	 Section 4.17
	  	Full Disclosure	  	46
			
	 Section 4.18
	  	Patriot Act	  	46
			
	 ARTICLE V
	  	FINANCIAL COVENANTS	  	47
			
	 Section 5.1
	  	Maximum Consolidated Leverage Ratio	  	47
			
	 Section 5.2
	  	Minimum Consolidated Fixed Charge Coverage Ratio	  	47
			
	 Section 5.3
	  	Capital Expenditures	  	48
			
	 ARTICLE VI
	  	REPORTING COVENANTS	  	48
			
	 Section 6.1
	  	Financial Statements	  	48
			
	 Section 6.2
	  	Other Events	  	50
			
	 Section 6.3
	  	Copies of Notices and Reports	  	51
			
	 Section 6.4
	  	Taxes	  	51
			
	 Section 6.5
	  	Labor Matters	  	51
			
	 Section 6.6
	  	ERISA Matters	  	51
			
	 Section 6.7
	  	Environmental Matters	  	52
			
	 Section 6.8
	  	Other Information	  	52
			
	 Section 6.9
	  	Confidential Health Information	  	52

  

 ii 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	 ARTICLE VII
	  	AFFIRMATIVE COVENANTS	  	52
			
	 Section 7.1
	  	Maintenance of Corporate Existence	  	52
			
	 Section 7.2
	  	Compliance with Laws, Etc.	  	53
			
	 Section 7.3
	  	Payment of Obligations	  	53
			
	 Section 7.4
	  	Maintenance of Property	  	53
			
	 Section 7.5
	  	Maintenance of Insurance	  	53
			
	 Section 7.6
	  	Keeping of Books	  	53
			
	 Section 7.7
	  	Access to Books and Property	  	54
			
	 Section 7.8
	  	Environmental	  	54
			
	 Section 7.9
	  	Use of Proceeds	  	54
			
	 Section 7.10
	  	Additional Collateral and Guaranties	  	55
			
	 Section 7.11
	  	Deposit Accounts; Securities Accounts and Cash Collateral Accounts	  	56
			
	 Section 7.12
	  	Interest Rate Contracts	  	56
			
	 ARTICLE VIII
	  	NEGATIVE COVENANTS	  	56
			
	 Section 8.1
	  	Indebtedness	  	56
			
	 Section 8.2
	  	Liens	  	57
			
	 Section 8.3
	  	Investments	  	58
			
	 Section 8.4
	  	Asset Sales	  	59
			
	 Section 8.5
	  	Restricted Payments	  	60
			
	 Section 8.6
	  	Prepayment of Indebtedness	  	61
			
	 Section 8.7
	  	Fundamental Changes	  	61
			
	 Section 8.8
	  	Change in Nature of Business	  	62
			
	 Section 8.9
	  	Transactions with Affiliates	  	62
			
	 Section 8.10
	  	Third-Party Restrictions on Indebtedness, Liens, Investments or Restricted Payments	  	62
			
	 Section 8.11
	  	Modification of Certain Documents	  	63
			
	 Section 8.12
	  	Accounting Changes; Fiscal Year	  	63
			
	 Section 8.13
	  	Margin Regulations	  	63
			
	 Section 8.14
	  	Compliance with ERISA	  	63
			
	 Section 8.15
	  	Hazardous Materials	  	64
			
	 ARTICLE IX
	  	EVENTS OF DEFAULT	  	64

  

 iii 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 9.1
	  	Definition	  	64
			
	 Section 9.2
	  	Remedies	  	65
			
	 Section 9.3
	  	Fixed Charge Coverage Ratio Cure Right and Leverage Ratio Cure Right	  	66
			
	 ARTICLE X
	  	THE ADMINISTRATIVE AGENT	  	67
			
	 Section 10.1
	  	Appointment and Duties	  	67
			
	 Section 10.2
	  	Binding Effect	  	68
			
	 Section 10.3
	  	Use of Discretion	  	68
			
	 Section 10.4
	  	Delegation of Rights and Duties	  	68
			
	 Section 10.5
	  	Reliance and Liability	  	68
			
	 Section 10.6
	  	Administrative Agent Individually	  	70
			
	 Section 10.7
	  	Lender Credit Decision	  	70
			
	 Section 10.8
	  	Expenses; Indemnities	  	70
			
	 Section 10.9
	  	Resignation of Administrative Agent	  	71
			
	 Section 10.10
	  	Release of Collateral or Guarantors	  	71
			
	 Section 10.11
	  	Additional Secured Parties	  	72
			
	 ARTICLE XI
	  	MISCELLANEOUS	  	72
			
	 Section 11.1
	  	Amendments, Waivers, Etc.	  	72
			
	 Section 11.2
	  	Assignments and Participations; Binding Effect	  	74
			
	 Section 11.3
	  	Effectiveness of the Acquisition	  	76
			
	 Section 11.4
	  	Costs and Expenses	  	76
			
	 Section 11.5
	  	Indemnities	  	77
			
	 Section 11.6
	  	Survival	  	78
			
	 Section 11.7
	  	Limitation of Liability for Certain Damages	  	78
			
	 Section 11.8
	  	Lender-Creditor Relationship	  	78
			
	 Section 11.9
	  	Right of Setoff	  	78
			
	 Section 11.10
	  	Sharing of Payments, Etc.	  	79
			
	 Section 11.11
	  	Marshaling; Payments Set Aside	  	79
			
	 Section 11.12
	  	Notices	  	79
			
	 Section 11.13
	  	Electronic Transmissions	  	80
			
	 Section 11.14
	  	Governing Law	  	81
			
	 Section 11.15
	  	Jurisdiction	  	81

  

 iv 

 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page
			
	 Section 11.16
	  	Waiver of Jury Trial	  	82
			
	 Section 11.17
	  	Severability	  	82
			
	 Section 11.18
	  	Execution in Counterparts	  	82
			
	 Section 11.19
	  	Entire Agreement	  	82
			
	 Section 11.20
	  	Use of Name	  	82
			
	 Section 11.21
	  	Non-Public Information; Confidentiality	  	83
			
	 Section 11.22
	  	Patriot Act Notice	  	83

  

 v 

 Table of Contents 
  

					
	 	  	 	  	Page
			
	Exhibits:	  		  	
	Exhibit A	  	Form of Assignment	  	
	Exhibit B	  	Form of Note	  	
	Exhibit C	  	[Reserved]	  	
	Exhibit D	  	[Reserved]	  	
	Exhibit E	  	[Reserved]	  	
	Exhibit F	  	Form of Notice of Conversion or Continuation	  	
	Exhibit G	  	Form of Compliance Certificate	  	
	Exhibit H	  	Form of Guaranty and Security Agreement	  	
			
	Schedules:	  		  	
	Schedule I	  	Commitments	  	
	Schedule II	  	Addresses for Notices	  	
	Schedule 4.2	  	Permits	  	
	Schedule 4.3	  	Ownership of Borrower and Subsidiaries	  	
	Schedule 4.7	  	Litigation	  	
	Schedule 4.8	  	Taxes	  	
	Schedule 4.12	  	Labor Matters	  	
	Schedule 4.13	  	List of Plans	  	
	Schedule 4.14	  	Environmental Matters	  	
	Schedule 4.16	  	Real Property	  	
	Schedule 8.1	  	Existing Indebtedness	  	
	Schedule 8.2	  	Existing Liens	  	
	Schedule 8.3	  	Existing Investments	  	

  

 vi 

 THIS SECOND LIEN CREDIT AGREEMENT, DATED AS OF
JULY 2, 2007, IS ENTERED INTO AMONG MEDICAL STAFFING NETWORK, INC., A DELAWARE CORPORATION (THE “BORROWER”), MEDICAL STAFFING HOLDINGS, LLC, A DELAWARE LIMITED LIABILITY COMPANY (“MSH”), AND MEDICAL STAFFING NETWORK
HOLDINGS, INC., A DELAWARE CORPORATION (“MSNH”, EACH A “HOLDINGS ENTITY” AND COLLECTIVELY, “HOLDINGS”), THE LENDERS (AS DEFINED BELOW) AND GENERAL ELECTRIC CAPITAL CORPORATION (“GE
CAPITAL”), AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT FOR THE LENDERS (IN SUCH CAPACITY, AND TOGETHER WITH ITS SUCCESSORS AND PERMITTED ASSIGNS, THE “ADMINISTRATIVE AGENT”) AND MERRILL LYNCH CAPITAL, AS SYNDICATION AGENT
(IN SUCH CAPACITY, THE “SYNDICATION AGENT”). 
 The parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS, INTERPRETATION AND
ACCOUNTING TERMS 
 Section 1.1 Defined Terms. As used in this Agreement, the following terms have the following meanings:

 “Acquired Company” means InteliStaf Holdings, Inc., a Delaware corporation. 
 “Acquisition” means the merger of the Merger Sub with and into the Acquired Company (with the surviving entity, unless it is the entity
party to this Agreement on the date hereof, acknowledging and agreeing to this Agreement as of the Closing Date) pursuant to the terms of the Acquisition Agreement. 
 “Acquisition Agreement” means that certain Agreement and Plan of Merger dated as of May 11, 2007 by and among Borrower, MSNH, the Merger Sub, the Acquired Company and TC Group, L.L.C. 

“Affected Lender” has the meaning specified in Section 2.18. 
 “Affiliate” means, with respect to any Person, each officer, director, general partner or joint-venturer of such Person and any other
Person that directly or indirectly controls, is controlled by, or is under common control with, such Person; provided, however, that no Secured Party shall be an Affiliate of the Borrower. For purpose of this definition,
“control” means the possession of either (a) the power to vote, or the beneficial ownership of, 10% or more of the Voting Stock of such Person or (b) the power to direct or cause the direction of the management and
policies of such Person, whether by contract or otherwise. 
 “Agreement” means this Second Lien Credit Agreement.

 “Applicable Margin” means a percentage equal to 6.50% for Term
Loans constituting Eurodollar Rate Loans and 5.50% for Term Loans constituting Base Rate Loans. 
  

 CREDIT AGREEMENT 
 MEDICAL
STAFFING NETWORK, INC. 
 1 

 “Approved Fund” means, with respect to any Lender, any Person (other than a natural
Person) that (a) 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 and (b) is advised or managed by (i) such Lender,
(ii) any Affiliate of such Lender or (iii) any Person (other than an individual) or any Affiliate of any Person (other than an individual) that administers or manages such Lender. 
 “Assignment” means an assignment agreement entered into by a Lender, as assignor, and any Person, as assignee, pursuant to the terms and
provisions of Section 11.2 (with the consent of any party whose consent is required by Section 11.2), in substantially the form of Exhibit A, or any other form approved by the Administrative Agent. 
 “Assignment of Representations” means that certain Assignment of Representations, Warranties, Covenants and Indemnities, dated as of the
date hereof, executed by the Borrower, MSNH and Merger Sub in favor of the Administrative Agent, and consented to by the Acquired Company, in connection with the Acquisition Agreement. 
 “Available Amount” means, on any date of determination, an amount equal to (a) the Cumulative Retained Excess Cash Flow Amount on
such date, plus (b) the cumulative amount of cash proceeds from the sale of Equity Interests of Holdings after the Closing Date, minus (c) any amounts thereof used to make Investments pursuant to Section 8.3(g) hereof after the
Closing Date and prior to such date of determination, minus (d) any amounts thereof used to increase the amount of Permitted Acquisitions during any Fiscal Year pursuant to clause (a) of the definition of “Permitted Acquisition”
and minus (e) any amounts thereof used to make Restricted Payments pursuant to Section 8.5(a)(iv) hereof after the Closing Date and prior to such date of determination. 
 “Base Rate” means, at any time, a rate per annum equal to the higher of (a) the rate last quoted by The Wall Street Journal as the
latest “US Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15
(519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve
Board (as determined by the Administrative Agent) and (b) the sum of 0.5% per annum and the Federal Funds Rate. 
 “Base
Rate Loan” means any Loan that bears interest based on the Base Rate. 
 “Benefit Plan” means any employee benefit
plan as defined in Section 3(3) of ERISA (whether governed by the laws of the United States or otherwise) to which any Group Member incurs or otherwise has any obligation or liability, contingent or otherwise. 
 “Borrowing” means a borrowing consisting of Term Loans made on the Closing Date by the Lenders according to their respective
Commitments. 
 “Business Day” means any day of the year that is not a Saturday, Sunday or a day on which banks are required
or authorized to close in New York City and, when determined in connection with notices and determinations in respect of any Eurodollar Rate or Eurodollar Rate Loan or any funding, conversion, continuation, Interest Period or payment of any
Eurodollar Rate Loan, that is also a day on which dealings in Dollar deposits are carried on in the London interbank market. 
  

 CREDIT AGREEMENT 
 MEDICAL
STAFFING NETWORK, INC. 
 2 

 “Capital Expenditures” means, for any Person for any period, the aggregate of all
expenditures, including, without limitation, capitalized software costs, whether or not made through the incurrence of Indebtedness, by such Person and its Subsidiaries during such period for the acquisition, leasing (pursuant to a Capital Lease),
construction, replacement, repair, substitution or improvement of fixed or capital assets or additions to equipment, in each case required to be capitalized under GAAP on a Consolidated balance sheet of such Person, excluding (a) interest
capitalized during construction and (b) any expenditure to the extent, for purpose of the definition of Permitted Acquisition, such expenditure is part of the aggregate amounts payable in connection with, or other consideration for, any
Permitted Acquisition consummated during or prior to such period. 
 “Capital Lease” means, with respect to any Person, any
lease of, or other arrangement conveying the right to use, any property (whether real, personal or mixed) by such Person as lessee that has been or should be accounted for as a capital lease on a balance sheet of such Person prepared in accordance
with GAAP. 
 “Capitalized Lease Obligations” means, at any time, with respect to any Capital Lease, any lease entered into
as part of any Sale and Leaseback Transaction of any Person or any synthetic lease, the amount of all obligations of such Person that is (or that would be, if such synthetic lease or other lease were accounted for as a Capital Lease) capitalized on
a balance sheet of such Person prepared in accordance with GAAP. 
 “Cash Collateral Account” means a deposit account or
securities account in the name of the Borrower and under the sole control (as defined in the applicable UCC) of the Administrative Agent and (a) in the case of a deposit account, from which the Borrower may not make withdrawals except as
permitted by the Administrative Agent and (b) 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) any readily-marketable securities (i) issued by, or directly, unconditionally and
fully guaranteed or insured by the United States federal government or (ii) issued by any agency of the United States federal government the obligations of which are fully backed by the full faith and credit of the United States federal
government, (b) any readily-marketable direct obligations issued by any other agency of the United States federal government, any state of the United States or any political subdivision of any such state or any public instrumentality thereof,
in each case having a rating of at least “A-1” from S&P or at least “P-1” from Moody’s, (c) any commercial paper rated at least “A-1” by S&P or “P-1” by Moody’s and issued
by any Person organized under the laws of any state of the United States, (d) any Dollar-denominated time deposit, insured certificate of deposit, overnight bank deposit or bankers’ acceptance issued or accepted by (i) any Lender or
(ii) any commercial bank that is (A) organized under the laws of the United States, any state thereof or the District of Columbia, (B) “adequately capitalized” (as defined in the regulations of its primary federal banking
regulators) and (C) has Tier 1 capital (as defined in such regulations) in excess of $250,000,000 and (e) shares of any United States money market fund that (i) has substantially all of its assets invested continuously in the types of
investments referred to in clause (a), (b), (c) or (d) above with maturities as set forth in the proviso below, (ii) has net assets in excess of $500,000,000 and (iii) has obtained from either S&P or
Moody’s the highest rating obtainable for money market funds in the United States; provided, however, that the maturities of all obligations specified in any of clauses (a), (b), (c) and
(d) above shall not exceed 365 days. 
  

 CREDIT AGREEMENT 
 MEDICAL
STAFFING NETWORK, INC. 
 3 

 “CERCLA” means the United States Comprehensive Environmental Response, Compensation, and
Liability Act (42 U.S.C. §§ 9601 et seq.). 
 “Change of Control” means the occurrence of any of the following:
(a) any person or group of persons (within the meaning of the Securities Exchange Act of 1934) other than the Permitted Investor shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and
Exchange Commission under the Securities Exchange Act of 1934) of 50% or more of the issued and outstanding shares of capital Stock of Borrower having the right to vote for the election of directors of Borrower under ordinary circumstances, or
(b) during any period of twelve consecutive calendar months, individuals who at the beginning of such period constituted the board of directors of Borrower and/or Holdings (together with any new directors whose election by the board of
directors of Borrower and/or Holdings or whose nomination for election by the Stockholders of Borrower and/or Holdings 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 of whose election or nominations 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 (c) the Borrower or any other Loan Party shall
cease to own and control, legally and beneficially, all of the economic and voting rights associated with ownership of all outstanding Voting Stock of all classes of Voting Stock of each Wholly Owned Subsidiary of Borrower or such other Loan Party.

 “Closing Date” means July 2, 2007. 
 “Code” means the U.S. Internal Revenue Code of 1986. 
 “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 or purported to be granted pursuant to any Loan Document. 
 “Commitment” means, with respect to any Lender, such Lender’s Term Loan Commitment. 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit G. 
 “Consolidated” means, with respect to any Person, the accounts of such Person and its Subsidiaries consolidated in accordance with GAAP.

 “Consolidated Cash Interest Expense” means, with respect to any Person for any period, the Consolidated Interest Expense
of such Person for such period less the sum of, in each case to the extent included in the definition of Consolidated Interest Expense, (a) the amortized amount of debt discount and debt issuance costs, (b) charges relating to
write-ups or write-downs in the book or carrying value of existing Consolidated Total Debt, (c) interest payable in evidences of Indebtedness or by addition to the principal of the related Indebtedness and (d) other non-cash interest
provided that, with respect to Holdings and its consolidated Subsidiaries, for the following calculation dates, Consolidated Cash Interest Expense shall be calculated as follows: (A) for the four quarters ending on or about
September 30, 2007, Consolidated Cash Interest Expense for the Fiscal Quarter ending on or about September 30, 2007 multiplied by four (4); (B) for the four quarters ending on or about December 31, 2007,
Consolidated Cash Interest Expense for the two Fiscal Quarters ending on or about December 31, 2007 multiplied by two (2); and (C) for the four quarters ending on or about March 31, 2008, Consolidated Cash Interest
Expense for the three Fiscal Quarters ending on or about March 31, 2008 multiplied by four-thirds (1.3333). 
  

 CREDIT AGREEMENT 
 MEDICAL
STAFFING NETWORK, INC. 
 4 

 “Consolidated Current Assets” means, with respect to any Person at any date, the total
Consolidated current assets of such Person at such date other than cash, Cash Equivalents and any Indebtedness owing to such Person or any of its Subsidiaries by Affiliates of such Person. 
 “Consolidated Current Liabilities” means, with respect to any Person at any date, all liabilities of such Person and its Subsidiaries at
such date that should be classified as current liabilities on a Consolidated balance sheet of such Person; provided, however, that “Consolidated Current Liabilities” shall exclude the principal amount of the Loans then
outstanding. 
 “Consolidated EBITDA” means, with respect to
any Person for any period, (a) the Consolidated Net Income of such Person for such period (excluding the effect of any (i) intercompany items, (ii) all earnings attributable to equity interests in Persons that are not Subsidiaries
unless actually received by such Person, (iii) all income arising from the forgiveness, adjustment or negotiated settlement of any Indebtedness, (iv) without duplication, any extraordinary items of income and (v) any increase or
decrease in income arising from any change in such Person’s method of accounting, subject to Section 1.3) plus (b) the sum of, in each case to the extent deducted in the calculation of such Consolidated Net Income but without
duplication, (i) any provision for United States federal income taxes or other taxes measured by net income, (ii) Consolidated Interest Expense, amortization of debt discount and commissions and other fees and charges associated with
Indebtedness, (iii) any loss from extraordinary items, (iv) any depreciation, depletion and amortization expense, (v) any aggregate net loss on the Sale of property (other than accounts (as defined under the applicable UCC) and
inventory) outside the ordinary course of business, (vi) any other non-cash expenditure, charge or loss for such period (other than any non-cash expenditure, charge or loss relating to write-offs, write-downs or reserves with respect to
accounts and inventory), including the amount of any compensation deduction as the result of any grant of Stock or Stock Equivalents to employees, officers, directors or consultants, (vii) certain one-time restructuring expenses related to
severance and lease termination expenses in connection with the Acquisition, in an aggregate amount not to exceed $7,800,000 incurred before the 1st
anniversary of the Closing Date, (viii) certain other one-time cash restructuring expenses in an aggregate amount not to exceed $4,000,000 during the term hereof and (ix) other cost savings in an aggregate amount not to exceed
(A) $8,000,000 for the four (4) Fiscal Quarters ending September 30, 2007, (B) $6,000,000 for the four (4) Fiscal Quarters ending December 31, 2007, (C) $4,000,000 for the four (4) Fiscal Quarters ending
March 31, 2008, (D) $2,000,000 for the four (4) Fiscal Quarters ending June 30, 2008 and (E) zero at all times thereafter minus (c) the sum of, in each case to the extent included in the calculation of such
Consolidated Net Income and without duplication, (i) any credit for United States federal income taxes or other taxes measured by net income, (ii) any interest income, (iii) any gain from extraordinary items and any other
non-recurring gain, (iv) any aggregate net gain from the Sale of property (other than accounts (as defined in the applicable UCC) and inventory) out of the ordinary course of business by such Person, (v) any other non-cash gain, including
any reversal of a charge referred to in clause (b)(vi) above by reason of a decrease in the value of any Stock or Stock Equivalent, and (vi) any other cash payment in respect of expenditures, charges and losses that have been added to
Consolidated EBITDA of such Person pursuant to clause (b)(vi) above in any prior period; provided, however, that notwithstanding anything to the contrary hereunder, the “Consolidated EBITDA” of Holdings for the
twelve months ended April 1, 2007 shall be $25,600,000. 
  

 CREDIT AGREEMENT 
 MEDICAL
STAFFING NETWORK, INC. 
 5 

 “Consolidated Fixed Charge Coverage Ratio” means, with respect to any Person for any
period, the ratio of (a) Consolidated EBITDA of such Person for such period minus Capital Expenditures of such Person for such period minus the total liability for United States federal income taxes and other taxes measured by net
income actually payable by such Person in respect of such period to (b) the Consolidated Fixed Charges of such Person for such period. 
 “Consolidated Fixed Charges” means, with respect to any Person for any period, the sum, determined on a Consolidated basis, of (a) the Consolidated Cash Interest Expense of such Person and its Subsidiaries for such
period, (b) the principal amount of Consolidated Total Debt of such Person and its Subsidiaries having a scheduled due date during such period and (c) all obligations created or arising under any conditional sale or other title retention
agreement. 
 “Consolidated 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, (i) interest capitalized during such period and net costs under Interest Rate Contracts for such period and (ii) all fees, charges, commissions,
discounts and other similar obligations (other than reimbursement obligations) with respect to letters of credit, bank guarantees, banker’s acceptances, surety bonds and performance bonds (whether or not matured) payable by such Person and its
Subsidiaries during such period minus (b) Consolidated net gains of such Person and its Subsidiaries under Interest Rate Contracts for such period. 
 “Consolidated Leverage Ratio” means, with respect to any Person as of any date, the ratio of (a) Consolidated Total Debt of such Person outstanding as of such date to (b) Consolidated EBITDA
for such Person for the last period of four consecutive Fiscal Quarters ending on or before such date. 
 “Consolidated Net
Income” means, with respect to any Person, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries for such period; provided, however, that the following shall be excluded: (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), except 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, on the last day of such period, subject to any restriction or limitation on the payment of
dividends or the making of other distributions, to the extent of such restriction or limitation and (c) the net income of any other Person arising prior to such other Person becoming a Subsidiary of such Person or merging or consolidating into
such Person or its Subsidiaries. 
 “Consolidated Total Assets” means, with respect to any Person at any date, the total
Consolidated assets of such Person as of such date. 
 “Consolidated Total Debt” of any Person means (a) all
Indebtedness of a type described in clause (a), (b), (c)(i), (d) or (f) of the definition thereof and, without duplication, all Guaranty Obligations with respect to any such Indebtedness, minus
(b) the amount of cash and Cash Equivalents of such Person not to exceed $11,500,000, provided that such amount is contained in a Controlled Deposit Account or a Controlled Securities Account, in each case of such Person and its
Subsidiaries on a Consolidated basis. 
  

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 “Constituent Documents” means, with respect to any Person, collectively and, in each
case, together with any modification of any term thereof, (a) the articles of incorporation, certificate of incorporation or certificate of formation of such Person, (b) the bylaws, operating agreement or joint venture agreement of such
Person, (c) any other constitutive, organizational or governing document of such Person, whether or not equivalent, and (d) any other document setting forth the manner of election or duties of the directors, officers or managing members of
such Person or the designation, amount or relative rights, limitations and preferences of any Stock of such Person. 
 “Contractual
Obligation” means, with respect to any Person, any provision of any Security issued by such Person or of any agreement or undertaking (other than 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 Agreement” means, with respect to any deposit account, any
securities account, commodity account, securities entitlement or commodity contract, an agreement, in form and substance satisfactory to the Administrative Agent, among the Administrative Agent, the financial institution or other Person at which
such account is maintained or with which such entitlement or contract is carried and the Loan Party maintaining such account, effective to grant “control” (as defined under the applicable UCC) over such account to the Administrative Agent.

 “Controlled Deposit Account” means each deposit account (including all funds on deposit therein) that is the subject of
an effective Control Agreement and that is maintained by any Loan Party with a financial institution approved by the Administrative Agent. 
 “Controlled Securities Account” means each securities account or commodity account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets)
that is the subject of an effective Control Agreement and that is maintained by any Loan Party with a securities intermediary or commodity intermediary approved by the Administrative Agent. 
 “Copyrights” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law in or
relating to copyrights and all mask work, database and design rights, whether or not registered or published, all registrations and recordations thereof and all applications in connection therewith. 
 “Corporate Chart” means a document in form reasonably acceptable to the Administrative Agent and setting forth, as of a date set forth
therein, for each Person that is a Loan Party, that is subject to Section 7.10 or that is a Subsidiary or joint venture of any of them, (a) the full legal name of such Person, (b) the jurisdiction of organization and any
organizational number and tax identification number of such Person, (c) the location of such Person’s chief executive office (or, if applicable, sole place of business) and (d) the number of shares of each class of Stock of such
Person (other than Holdings) authorized, the number outstanding 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. 
 “Cumulative Retained Excess Cash Flow Amount” means, at any date, an amount (positive or negative), determined on a cumulative basis
equal to the amount of Excess Cash Flow as of such date of determination, for which the required date of repayment has occurred pursuant to Section 2.8(a) hereof and is not on such date of required prepayment required to be applied in
accordance with Section 2.8(a) hereof. 
  

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 “Cure Amount” has the meaning specified in Section 9.4(a). 
 “Cure Right” has the meaning specified in Section 9.4(a). 
 “Customary Permitted Liens” means, with respect to any Person, any of the following: 
 (a) Liens (i) with respect to the payment of taxes, assessments or other governmental charges or (ii) of suppliers, carriers, materialmen,
warehousemen, workmen or mechanics and other similar Liens, in each case imposed by law or arising in the ordinary course of business, and, for each of the Liens in clauses (i) and (ii) above for amounts that are not yet due
or that are being contested in good faith by appropriate proceedings diligently conducted and with respect to which adequate reserves or other appropriate provisions are maintained on the books of such Person in accordance with GAAP; 
 (b) Liens (i) of a collection bank on items in the course of collection arising under Section 4-208 of the UCC as in effect in the State of New
York or any similar section under any applicable UCC or any similar Requirement of Law of any foreign jurisdiction, or (ii) arising by virtue of any statutory or common law provision relating to banker’s liens, rights of setoff or similar
rights as to deposit accounts or other funds maintained with a creditor depository institution; 
 (c) pledges or cash deposits made in the
ordinary course of business (i) in connection with workers’ compensation, unemployment insurance or other types of social security benefits (other than any Lien imposed by ERISA), (ii) to secure the performance of bids, tenders,
leases (other than Capital Leases), sales or other trade contracts (other than for the repayment of borrowed money) or (iii) made in lieu of, or to secure the performance of, surety, customs, reclamation or performance bonds (in each case not
related to judgments or litigation); 
 (d) judgment liens (other than for the payment of taxes, assessments or other governmental charges)
securing judgments and other proceedings not constituting an Event of Default under Section 9.1(e) and pledges or cash deposits made in lieu of, or to secure the performance of, judgment or appeal bonds in respect of such judgments and
proceedings; 
 (e) Liens (i) arising by reason of zoning restrictions, easements, licenses, reservations, restrictions, covenants,
rights-of-way, encroachments, minor defects or irregularities in title (including leasehold title) and other similar encumbrances on the use of real property or (ii) consisting of leases, licenses or subleases granted by a lessor, licensor or
sublessor on its property (in each case other than Capital Leases) otherwise permitted under Section 8.4 that, for each of the Liens in clauses (i) and (ii) above, do not, in the aggregate, materially
(x) impair the value or marketability of such real property or (y) interfere with the ordinary conduct of the business conducted and proposed to be conducted at such real property; 
 (f) Liens of landlords or lessors and mortgagees of landlords or lessors (i) arising by statute or under any lease or related Contractual Obligation
entered into in the ordinary course of business, (ii) on fixtures and movable tangible property located on the real property leased or subleased from such landlord, (iii) for amounts not yet due or that are being contested in good faith by
appropriate proceedings diligently conducted and (iv) to the extent such amounts are contested, for which adequate reserves or other appropriate provisions are maintained on the books of such Person in accordance with GAAP; and 
  

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 (g) the title and interest of a lessor or sublessor in and to personal property leased or subleased
(other than through a Capital Lease), in each case extending only to such personal property. 
 “Default” means any Event of
Default and any event that, with the passing of time or the giving of notice or both, would become an Event of Default. 
 “Disclosure Documents” means, collectively, (a) all confidential information memoranda and related materials prepared in connection with the syndication of the Term Loan Facility and (b) all other documents filed
by any Group Member with the United States Securities and Exchange Commission. 
 “Dollars” and the sign
“$” each mean the lawful money of the United States of America. 
 “Domestic Person” means any
“United States person” under and as defined in Section 770l(a)(30) of the Code. 
 “E-Fax” means any
system used to receive or transmit faxes electronically. 
 “Electronic Transmission” means each document, instruction,
authorization, file, information and any other communication transmitted, posted or otherwise made or communicated by e-mail or E-Fax, or otherwise to or from an E-System or other equivalent service. 
 “Environmental Laws” means all Requirements of Law and Permits imposing liability or standards of conduct for or relating to the
regulation and protection of human health, safety, the environment and natural resources, including CERCLA, the SWDA, the Hazardous Materials Transportation Act (49 U.S.C. §§ 5101 et seq.), the Federal Insecticide, Fungicide, and
Rodenticide Act (7 U.S.C. §§ 136 et seq.), the Toxic Substances Control Act (15 U.S.C. §§ 2601 et seq.), the Clean Air Act (42 U.S.C. §§ 7401 et seq.), the Federal Water Pollution Control Act (33 U.S.C. §§
1251 et seq.), the Occupational Safety and Health Act (29 U.S.C. §§ 651 et seq.), the Safe Drinking Water Act (42 U.S.C. §§ 300(f) et seq.), all regulations promulgated under any of the foregoing, all analogous Requirements
of Law and Permits and any environmental transfer of ownership notification or approval statutes, including the Industrial Site Recovery Act (N.J. Stat. Ann. §§ 13:1K-6 et seq.). 
 “Environmental Liabilities” means all Liabilities (including costs of Remedial Actions, natural resource damages and costs and expenses
of investigation and feasibility studies) that may be imposed on, incurred by or asserted against any Group Member as a result of, or related to, any claim, suit, action, investigation, proceeding or demand by any Person, whether based in contract,
tort, implied or express warranty, strict liability, criminal or civil statute or common law or otherwise, arising under any Environmental Law or in connection with any environmental, health or safety condition or with any Release and resulting from
the ownership, lease, sublease or other operation or occupation of property by any Group Member, whether on, prior or after the date hereof. 
  

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

 “ERISA Affiliate” means, collectively, any Group Member, and any Person under common control, or treated as a single
employer, with any Group Member, within the meaning of Section 414(b), (c), (m) or (o) of the Code. 
 “ERISA
Event” means any of the following: (a) a reportable event described in Section 4043(b) of ERISA (or, unless the 30-day notice requirement has been duly waived under the applicable regulations, Section 4043(c) of ERISA) with
respect to a Title IV Plan, (b) the withdrawal of 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 any ERISA Affiliate from any Multiemployer Plan, (d) with respect to any Multiemployer Plan, the filing of a notice of reorganization, insolvency or termination (or treatment of a plan amendment as
termination) under Section 4041A of ERISA, (e) the filing of a notice of intent to terminate a Title IV Plan (or treatment of a plan amendment as 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 any Title IV Plan or Multiemployer Plan when due, (h) the imposition of a lien under Section 412 of the Code or
Section 302 or 4068 of ERISA on any property (or rights to property, whether real or personal) of any ERISA Affiliate, (i) the failure of a Benefit Plan or any trust thereunder intended to qualify for tax exempt status under
Section 401 or 501 of the Code or other Requirements of Law to qualify thereunder and (j) 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 for the imposition of any liability upon any ERISA Affiliate under Title IV of ERISA other than for PBGC premiums due but not delinquent. 
 “E-Signature” means the process of attaching to or logically associating with an Electronic Transmission an electronic symbol,
encryption, digital signature or process (including the name or an abbreviation of the name of the party transmitting the Electronic Transmission) with the intent to sign, authenticate or accept such Electronic Transmission. 
 “E-System” means any electronic system, including Intralinks® and ClearPar® and any other Internet or extranet-based site, whether such electronic system is owned, operated or hosted by the
Administrative Agent, any of its Related Persons or any other Person, providing for access to data protected by passcodes or other security system. 
 “Eurodollar Base Rate” means, with respect to any Interest Period for any Eurodollar Rate Loan, the rate determined by the Administrative Agent to be the offered rate for deposits in Dollars for the applicable Interest
Period appearing on the Reuters Screen LIBOR01 page as of 11:00 a.m. (London time) on the second full Business Day next preceding the first day of each Interest Period. In the event that such rate does not appear on the Reuters Screen LIBOR01
page at such time, the “Eurodollar Base Rate” shall be determined by reference to such other comparable publicly available service for displaying the offered rate for deposit in Dollars in the London interbank market as may be
selected by the Administrative Agent and, in the absence of availability, such other method to determine such offered rate as may be selected by the Administrative Agent in its sole discretion. 
  

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 “Eurodollar Rate” means, with respect to any Interest Period and for any Eurodollar Rate
Loan, an interest rate per annum determined as the ratio of (a) the Eurodollar Base Rate with respect to such Interest Period for such Eurodollar Rate Loan to (b) the difference between the number one and the Eurodollar Reserve
Requirements with respect to such Interest Period and for such Eurodollar Rate Loan. 
 “Eurodollar Rate Loan” means any
Loan that bears interest based on the Eurodollar Rate. 
 “Eurodollar Reserve Requirements” means, with respect to any
Interest Period and for any Eurodollar Rate Loan, a rate per annum equal to the aggregate, without duplication, of the maximum rates (expressed as a decimal number) of reserve requirements in effect 2 Business Days prior to the first day of such
Interest Period (including basic, supplemental, marginal and emergency reserves) under any regulations of the Federal Reserve Board or other Governmental Authority having jurisdiction with respect thereto dealing with reserve requirements prescribed
for eurocurrency funding (currently referred to as “eurocurrency liabilities” in Regulation D of the Federal Reserve Board) maintained by a member bank of the United States Federal Reserve System. 
 “Event of Default” has the meaning specified in Section 9.1. 
 “Excess Cash Flow” means, for any Excess Cash Flow Period, (a) Consolidated EBITDA of Holdings for such period, minus
(b) without duplication, (i) any cash principal payment on the Loans during such period other than any mandatory prepayment required pursuant to Section 2.8(a) because of the existence of Excess Cash Flow, (ii) any
scheduled or other mandatory cash principal payment made by the Borrower or any of its Subsidiaries during such period on any Capitalized Lease Obligation or other Indebtedness (but only, if such Indebtedness may be reborrowed, to the extent such
payment results in a permanent reduction in commitments thereof), (iii) any Capital Expenditure made by such Person or any of its Subsidiaries during such period to the extent permitted by this Agreement, excluding any such Capital Expenditure
to the extent financed through the incurrence of Capitalized Lease Obligations or any long-term Indebtedness other than the Obligations and any Capitalized Lease Obligations, (iv) the Consolidated Interest Expense of such Person for such
period, (v) any cash losses from extraordinary items, (vi) any cash payment made during such period to satisfy obligations for United States federal income taxes or other taxes measured by net income, (vii) cash expenditures made in
respect of Hedging Agreements during any Excess Cash Flow Period, to the extent not deducted in the computation of EBITDA or Consolidated Interest Expense during such Excess Cash Flow Period, (viii) dividends or distributions or purchases of
equity interests made during such Excess Cash Flow Period, to the extent permitted hereunder and (ix) any increase in the Working Capital of Holdings during such period (measured as the excess of such Working Capital at the end of such period
over such Working Capital at the beginning of such period) and plus (c) without duplication, any decrease in the Working Capital of Holdings during such period (measured as the excess of such Working Capital at the beginning of such
period over such Working Capital at the end thereof). 
 “Excess Cash Flow Period” means each Fiscal Year of the Borrower
commencing with 2008. 
  

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 “Excluded Foreign Subsidiary” means any Subsidiary that is not a Domestic Person and in
respect of which any of (a) the pledge of all of the Stock of such Subsidiary as Collateral for any Obligation of the Borrower, (b) the grant by such Subsidiary of a Lien on any of its property as Collateral for any Obligation of the
Borrower or (c) such Subsidiary incurring Guaranty Obligations with respect to any Obligation of Holdings, the Borrower or any Domestic Person would, in the good faith judgment of the Borrower, result in materially adverse tax consequences to
the Loan Parties and their Subsidiaries, taken as a whole; provided, however, that (x) the Administrative Agent and the Borrower may agree that, despite the foregoing, any such Subsidiary shall not be an “Excluded Foreign
Subsidiary” and (y) no such Subsidiary shall be an “Excluded Foreign Subsidiary” if, with substantially similar tax consequences, such Subsidiary has entered into any Guaranty Obligations with respect to, such
Subsidiary has granted a security interest in any of its property to secure, or more than 66% of the Voting Stock of such Subsidiary was pledged to secure, directly or indirectly, any Indebtedness (other than the Obligations) of any Loan Party.

 “Existing Agent” means General Electric Capital Corporation, in its capacity as administrative agent under the Existing
Credit Agreement. 
 “Existing Credit Agreement” means that certain Credit Agreement, dated as of September 29, 2006,
among the Borrower, the institutions party thereto as lenders and issuers and the Existing 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 determined by the Administrative Agent in its sole discretion. 
 “Federal Reserve Board” means the Board of
Governors of the United States Federal Reserve System and any successor thereto. 
 “Fee Letter” means the letter agreement,
dated as of May 10, 2007, addressed to the Borrower from the Administrative Agent and accepted by the Borrower, with respect to certain fees to be paid from time to time to the Administrative Agent and its Related Persons. 
 “Financial Statement” means each financial statement delivered pursuant to Section 4.4 or 6.1. 
 “First Lien Agent” means GE Capital in its capacity as administrative agent and collateral agent under the First Lien Credit Agreement,
together with its successors and permitted assigns. 
 “First Lien Credit Agreement” means that certain First Lien Credit
Agreement, dated as of the Closing Date, among the Borrower, the other credit parties party thereto, the other lenders party thereto and the First Lien Agent as amended, supplemented, amended and restated or otherwise modified from time to time.

 “First Lien Facility” means, collectively, the “Facilities” as defined in the First Lien Credit
Agreement. 
 “First Lien Loan Documents” means the “Loan Documents” as defined in the First Lien Credit
Agreement. 
  

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 “Fiscal Quarter” means each 3 fiscal month period ending on or about
March 31, June 30, September 30 or December 31. 
 “Fiscal Year” means the twelve-month period
ending on or about December 31. 
 “Fixed Charge Coverage Default” has the meaning specified in
Section 9.4(a). 
 “GAAP” means generally accepted accounting principles in the United States of America, 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, in the statements and pronouncements of the Financial Accounting Standards Board
and 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. Subject to Section 1.3, all
references to “GAAP” shall be to GAAP applied consistently with the principles used in the preparation of the Financial Statements described in Section 4.4(a). 
 “Governmental Authority” means any nation, sovereign or government, any state or other political subdivision thereof, any agency,
authority or instrumentality thereof and any entity or authority exercising executive, legislative, taxing, judicial, regulatory or administrative functions of or pertaining to government, including any stock exchange, regulatory body, arbitrator,
public sector entity, supra-national entity (including the European Union and the European Central Bank). 
 “Group Members”
means, collectively, the Borrower, its Subsidiaries and Holdings, all after giving effect to the Acquisition. 
 “Group Members’
Accountants” means Ernst & Young or other nationally-recognized independent registered certified public accountants acceptable to the Administrative Agent. 
 “Guarantor” means Holdings, each Wholly Owned Subsidiary of the Borrower listed on Schedule 4.3 that is not an Excluded
Foreign Subsidiary and each other Person that enters into any Guaranty Obligation with respect to any Obligation of any Loan Party. 
 “Guaranty and Security Agreement” means a guaranty and security agreement, in substantially the form of Exhibit H, among the Administrative Agent, the Borrower and other Guarantors from time to time party
thereto. 
 “Guaranty Obligation” means, as applied to any Person, any direct or indirect liability, contingent or
otherwise, of such Person for any Indebtedness, lease, dividend or other obligation (the “primary obligation”) of another Person (the “primary obligor”), if the purpose or intent of such Person in incurring such
liability, or the economic effect thereof, is to guarantee such primary obligation or provide support, assurance or comfort to the holder of such primary obligation or to protect or indemnify such holder against loss with respect to such primary
obligation, 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 any primary
obligation, (b) the incurrence of reimbursement obligations with respect to any letter of credit or bank guarantee in support of any primary obligation, (c) the existence of any Lien, or any right, contingent or otherwise, to receive a
Lien, on the property of such Person securing any part of any primary obligation and (d) any liability of such Person for a primary obligation through any 

  

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Contractual Obligation (contingent or otherwise) or other arrangement (i) to purchase, repurchase or otherwise acquire such primary obligation or any
security therefor or to provide funds for the payment or discharge of such primary obligation (whether in the form of a loan, advance, stock purchase, capital contribution or otherwise), (ii) to maintain the solvency, working capital, equity
capital or any balance sheet item, level of income or cash flow, liquidity or financial condition of any primary obligor, (iii) to make take-or-pay or similar payments, if required, regardless of non-performance by any other party to any
Contractual Obligation, (iv) to purchase, sell or lease (as lessor or lessee) any property, or to purchase or sell services, primarily for the purpose of enabling the primary obligor to satisfy such primary obligation or to protect the holder
of such primary obligation against loss or (v) to supply funds to or in any other manner invest in, such primary obligor (including to pay for property or services irrespective of whether such property is received or such services are
rendered); provided, however, that “Guaranty Obligations” shall not include (x) endorsements for collection or deposit in the ordinary course of business and (y) product warranties given in the ordinary
course of business. The outstanding amount of any Guaranty Obligation shall equal the outstanding amount of the primary obligation so guaranteed or otherwise supported or, if lower, the stated maximum amount for which such Person may be liable under
such Guaranty Obligation. 
 “Hazardous Material” means any substance, material 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 petroleum or any fraction thereof, asbestos, polychlorinated biphenyls and
radioactive substances. 
 “Hedging Agreement” means any Interest Rate Contract, foreign exchange, swap, option or forward
contract, spot, cap, floor or collar transaction, any other derivative instrument and any other similar speculative transaction and any other similar agreement or arrangement designed to alter the risks of any Person arising from fluctuations in any
underlying variable. 
 “HIPAA” means the Health Insurance Portability and Accountability Act of 1996, as amended from time
to time, and any rules or regulation promulgated from time to time thereunder. 
 “Holdings” has the meaning specified in
the preamble. 
 “Holdings Entity” has the meaning specified in the preamble. 
 “Indebtedness” of any Person means, without duplication, any of the following, whether or not matured: (a) all indebtedness for
borrowed money, (b) all obligations evidenced by notes, bonds, debentures or similar instruments, (c) all reimbursement and all obligations with respect to (i) letters of credit, bank guarantees or bankers’ acceptances or
(ii) surety, customs, reclamation or performance bonds (in each case not related to judgments or litigation) other than those entered into in the ordinary course of business, (d) all obligations to pay the deferred purchase price of
property or services, other than trade payables incurred in the ordinary course of business, (e) all obligations created or arising under any conditional sale or other title retention agreement, regardless of whether 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 Capitalized Lease Obligations, (g) all obligations, whether or not contingent, to purchase, redeem, retire,
defease or otherwise acquire for value any of its own Stock or Stock Equivalents (or any Stock or Stock Equivalent of 

  

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a direct or indirect parent entity thereof) prior to the Term Loan Maturity Date, valued at, in the case of redeemable preferred Stock, the greater of the
voluntary liquidation preference and the involuntary liquidation preference of such Stock plus accrued and unpaid dividends, (h) all payments that would be required to be made in respect of any Hedging Agreement, to the extent that a
termination (including an early termination) has occurred and (i) all Guaranty Obligations for obligations of any other Person constituting Indebtedness of such other Person; provided, however, that the items in each of clauses
(a) through (i) above shall constitute “Indebtedness” of such Person solely to the extent, directly or indirectly, (x) such Person is liable for any part of any such item, (y) any such item is secured
by a Lien on such Person’s property or (z) any other Person has a right, contingent or otherwise, to cause such Person to become liable for any part of any such item or to grant such a Lien. 
 “Indemnified Matter” has the meaning specified in Section 11.5. 
 “Indemnitee” has the meaning specified in Section 11.5. 
 “Initial Projections” means those financial projections, dated May 18, 2007 covering the Fiscal Years ending in 2007 through 2013
and delivered to the Administrative Agent by the Borrower prior to the date hereof. 
 “Intellectual Property” means all
rights, title and interests in or relating to intellectual property and industrial property arising under any Requirement of Law and all IP Ancillary Rights relating thereto, including all Copyrights, Patents, Trademarks, Internet Domain Names,
Trade Secrets and IP Licenses. 
 “Intercreditor Agreement” means that certain Intercreditor Agreement dated as of the date
hereof, by and among the Borrower, Holdings, the First Lien Agent and the Administrative Agent. 
 “Interest Period” means,
with respect to any Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is made or converted to a Eurodollar Rate Loan or, if such loan is continued, on the last day of the immediately preceding Interest Period therefor
and, in each case, ending 1, 2, 3 or 6 months thereafter or, to the extent available to all applicable Lenders, ending 9 or 12 months thereafter, as selected by the Borrower pursuant hereto; provided, however, that (a) if any
Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day, unless the result of such extension would be to extend such Interest Period into another such
Business Day falls in the next calendar month, in which case such Interest Period shall end on the immediately preceding Business Day, (b) 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, (c) the Borrower may not select any Interest Period ending after the Term Loan Maturity Date,
(d) the Borrower may not select any Interest Period having an aggregate principal amount of less than $2,500,000 and (e) there shall be outstanding at any one time no more than 10 Interest Periods. 
 “Interest Rate Contracts” means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and
interest rate insurance. 
  

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 “Internet Domain Names” means all rights, title and interests (and all related IP
Ancillary Rights) arising under any Requirement of Law in or relating to Internet domain names. 
 “Investment” means, with
respect to any Person, directly or indirectly, (a) to own, purchase or otherwise acquire, in each case whether beneficially or otherwise, any investment in, including any interest in, any Security of any other Person (other than any evidence of
any Obligation), (b) to purchase or otherwise acquire, whether in one transaction or in a series of transactions, all or a significant part of the property of any other Person or a business conducted by any other Person or all or substantially
all of the assets constituting the business of a division, branch, brand or other unit operation of any other Person, (c) to incur, or to remain liable under, any Guaranty Obligation for Indebtedness of any other Person, to assume the
Indebtedness of any other Person or to make, hold, purchase or otherwise acquire, in each case directly or indirectly, any deposit, loan, advance, commitment to lend or advance, or other extension of credit (including by deferring or extending the
date of, in each case outside the ordinary course of business, the payment of the purchase price for Sales of property or services to any other Person, to the extent such payment obligation constitutes Indebtedness of such other Person), excluding
deposits with financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable, deposits made in connection with the purchase of equipment or other assets and similar items created in the ordinary course of business
or (d) to make, directly or indirectly, any contribution to the capital of any other Person. 
 “IP Ancillary Rights”
means, with respect to any other Intellectual Property, as applicable, all foreign counterparts to, and all divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual
Property and all income, royalties, proceeds and Liabilities at any time due or payable or asserted under or with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law
or in equity for any past, present or future infringement, misappropriation, dilution, violation or other impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right. 
 “IP License” means all Contractual Obligations (and all related IP Ancillary Rights), whether written or oral, granting any right title
and interest in or relating to any Intellectual Property. 
 “IRS” means the Internal Revenue Service of the United States
and any successor thereto. 
 “Lender” means, collectively, any financial institution or other Person that (a) is
listed on the signature pages hereof as a “Lender” or (b) from time to time becomes a party hereto by execution of an Assignment, in each case together with its successors. 
 “Leverage Ratio Default” has the meaning specified in Section 9.4(a). 
 “Liabilities” means all claims, actions, suits, judgments, damages, losses, liability, obligations, responsibilities, fines, penalties,
sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses, in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of financial, legal and other advisors
and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise. 
  

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 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge,
deposit arrangement, encumbrance, easement, lien (statutory or other), security interest or other security arrangement and any other preference, priority or preferential arrangement of any kind or nature whatsoever, including any conditional sale
contract or other title retention agreement, the interest of a lessor under a Capital Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing. 
 “Loan” means any loan made or deemed made by any Lender hereunder. 
 “Loan Documents” means, collectively, this Agreement, any Notes, the Guaranty and Security Agreement, the Mortgages, the Control
Agreements, the Fee Letter, the Intercreditor Agreement, the Assignment of Representations, the Secured Hedging Agreements and, when executed, each document executed by a Loan Party and delivered to the Administrative Agent or any Lender in
connection with or pursuant to any of the foregoing or the Obligations, together with any modification of any term, or any waiver with respect to, any of the foregoing. 
 “Loan Party” means each Borrower and each Guarantor. 
 “Material Adverse
Effect” means an effect that results in or causes, or would reasonably be expected to result in or cause, a material adverse change in any of (a) the financial condition, business, performance, prospects, operations or property of the
Group Members, taken as a whole, (b) the ability of any Loan Party to perform its obligations under any Loan Document and (c) the validity or enforceability of any Loan Document or the rights and remedies of the Administrative Agent, the
Lenders and the other Secured Parties under any Loan Document. 
 “Material Environmental Liabilities” means Environmental
Liabilities exceeding $575,000 in the aggregate. 
 “Maximum Lawful Rate” has the meaning specified in
Section 2.9(d). 
 “Merger Sub” means Greenhouse Acquisition Sub, Inc., a Delaware corporation and Wholly Owned
Subsidiary of the Borrower. 
 “Moody’s” means Moody’s Investors Service, Inc. 
 “Mortgage” means any mortgage, deed of trust or other document executed or required herein to be executed by any Loan Party and granting
a security interest over real property in favor of the Administrative Agent as security for the Obligations. 
 “Mortgage Supporting
Documents” means, with respect to any Mortgage for a parcel of real property, each document (including title policies or marked-up unconditional insurance binders (in each case, together with copies of all documents referred to therein),
maps, ALTA (or TLTA, if applicable) as-built surveys (in form and as to date that is sufficiently acceptable to the title insurer issuing title insurance to the Administrative Agent for such title insurer to deliver endorsements to such title
insurance as reasonably requested by the Administrative Agent), environmental assessments and reports and evidence regarding recording and payment of fees, insurance premium and taxes) that the Administrative Agent may reasonably request, to create,
register, perfect, maintain, evidence the existence, substance, form or validity of or enforce a valid lien on such parcel of real property in favor of the Administrative Agent for the benefit of the Secured Parties, subject only to such Liens as
the Administrative Agent may approve. 
  

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 “Multiemployer Plan” means any multiemployer plan, as defined in Section 400l(a)(3)
of ERISA, to which any ERISA Affiliate incurs or otherwise has any obligation or liability, contingent or otherwise. 
 “Net Cash
Proceeds” means proceeds received in cash from (a) any Sale of, or Property Loss Event with respect to, property, net of (i) the customary out-of-pocket cash costs, fees and expenses paid or required to be paid in connection
therewith, (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 and Indebtedness owing to any Group Member) secured by the
property subject thereto or (b) any sale or issuance of Stock or incurrence of Indebtedness, in each case net of brokers’, advisors’ and investment banking fees and other customary out-of-pocket underwriting discounts, commissions and
other customary out-of-pocket cash costs, fees and expenses, in each case incurred in connection with such transaction; provided, however, that any such proceeds received by any Subsidiary of the Borrower that is not a Wholly Owned
Subsidiary of the Borrower shall constitute “Net Cash Proceeds” only to the extent of the aggregate direct and indirect beneficial ownership interest of the Borrower therein. 
 “Non-Funding Lender” has the meaning specified in Section 2.2(c). 
 “Non-U.S. Lender Party” means each of the Administrative Agent, each Lender, each SPV and each participant, in each case that is not a
Domestic Person. 
 “Note” means a promissory note of the Borrower, in substantially the form of Exhibit B,
payable to the order of a Lender in the Term Loan Facility in a principal amount equal to the amount of such Lender’s Commitment under the Term Loan Facility. 
 “Notice of Conversion or Continuation” has the meaning specified in Section 2.10. 
 “Obligations” means, with respect to any Loan Party, all amounts, obligations, liabilities, covenants and duties of every type and description owing by such Loan Party to the Administrative Agent, any Lender, any other
Indemnitee, any participant, any SPV or any Secured Hedging Counterparty arising out of, under, or in connection with, any Loan Document, whether direct or indirect (regardless of whether acquired by assignment), absolute or contingent, due or to
become due, whether liquidated or not, now existing or hereafter arising and however acquired, and whether or not evidenced by any instrument or for the payment of money, including, without duplication, (a) if such Loan Party is the Borrower,
all Loans, (b) all interest, whether or not accruing after the filing of any petition in bankruptcy or after the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition
interest is allowed in any such proceeding, and (c) all other fees, expenses (including fees, charges and disbursement of counsel), interest, commissions, charges, costs, disbursements, indemnities and reimbursement of amounts paid and other
sums chargeable to such Loan Party under any Loan Document. 
 “Other Taxes” has the meaning specified in
Section 2.17(c). 
  

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 “Patents” means all rights, title and interests (and all related IP Ancillary Rights)
arising under any Requirement of Law in or relating to letters patent and applications therefor. 
 “PBGC” means the United
States Pension Benefit Guaranty Corporation and any successor thereto. 
 “Permit” means, with respect to any Person, any
permit, approval, authorization, license, registration, certificate, concession, grant, franchise, variance or permission from, and any other Contractual Obligations with, any Governmental Authority, in each case applicable to or binding upon such
Person or any of its property or to which such Person or any of its property is subject. 
 “Permitted Acquisition” means
any Proposed Acquisition satisfying each of the following conditions: (a) the aggregate amounts payable in connection with, and other consideration for (in each case, including all transaction costs and all Indebtedness, liabilities and
Guaranty Obligations incurred or assumed in connection therewith or otherwise reflected in a Consolidated balance sheet of Holdings and the Proposed Acquisition Target), such Proposed Acquisition and all other Permitted Acquisitions consummated
during any Fiscal Year shall not exceed $23,000,000 plus any Available Amount, (b) the Administrative Agent shall have received reasonable advance notice of such Proposed Acquisition including a reasonably detailed description thereof at least
30 days prior to the consummation of such Proposed Acquisition (or such later date as may be agreed by the Administrative Agent) and on or prior to the date of such Proposed Acquisition, the Administrative Agent shall have received copies of the
acquisition agreement and related Contractual Obligations and other documents (including financial information) and information reasonably requested by the Administrative Agent, (c) as of the date of consummation of any transaction as part of
such Proposed Acquisition and after giving effect to all transactions to occur on such date as part of such Proposed Acquisition, all conditions set forth in clauses (i) and (ii) of Section 3.2(b) shall be
satisfied or duly waived and, after giving effect to such Permitted Acquisition, Holdings shall be in compliance with the financial covenants set forth in Article V on a Pro Forma Basis as of the last day of the last Fiscal Quarter for
which Financial Statements have been delivered hereunder and (d) as of the date of consummation of any transaction as part of such Proposed Acquisition and after giving effect to all transactions to occur on such date as part of such Proposed
Acquisition, the Consolidated Leverage Ratio shall be at least 0.2125 below the applicable Maximum Consolidated Leverage Ratio set forth in Section 5.1 as then in effect. 
 “Permitted Investor” means Warburg Pincus Private Equity VIII, L.P. 
 “Permitted Indebtedness” means any Indebtedness of any Group Member that is not prohibited by Section 8.1 or any other
provision of any Loan Document. 
 “Permitted Investment” means any Investment of any Group Member that is not prohibited by
Section 8.3 or any other provision of any Loan Document. 
 “Permitted Lien” means any Lien on or with respect
to the property of any Group Member that is not prohibited by Section 8.2 or any other provision of any Loan Document. 
 “Permitted Refinancing” means Indebtedness constituting a refinancing or extension of Permitted Indebtedness that (a) has an aggregate outstanding principal amount not greater than the aggregate principal amount of
such Permitted Indebtedness outstanding at the time of such refinancing or extension, (b) has a weighted average maturity (measured as of the date of such refinancing or 

  

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extension) and maturity no shorter than that of such Permitted Indebtedness, (c) is not entered into as part of a Sale and Leaseback Transaction,
(d) is not secured by any property or any Lien other than those securing such Permitted Indebtedness and (e) is otherwise on terms no less favorable to the Group Members, taken as a whole, than those of such Permitted Indebtedness;
provided, however, that, notwithstanding the foregoing, (x) the terms of such Permitted Indebtedness may be modified as part of such Permitted Refinancing if such modification would have been permitted pursuant to
Section 8.11 and (y) no Guaranty Obligation for such Indebtedness shall constitute part of such Permitted Refinancing unless similar Guaranty Obligations with respect to such Permitted Indebtedness existed and constituted Permitted
Indebtedness prior to such refinancing or extension. 
 “Permitted Reinvestment” means, with respect to the Net Cash
Proceeds of any Sale or Property Loss Event, to acquire (or make Capital Expenditures to finance the acquisition, repair, improvement or construction of), to the extent otherwise permitted hereunder, property useful in the business of the Borrower
or any of its Subsidiaries (including through a Permitted Acquisition) or, if such Property Loss Event involves loss or damage to property, to repair such loss or damage. 
 “Person” means any individual, partnership, corporation (including a business trust and a public benefit corporation), joint stock company, estate, association, firm, enterprise, trust, limited
liability company, unincorporated association, joint venture and any other entity or Governmental Authority. 
 “Prepayment
Premium” has the meaning specified in Section 2.19. 
 “Pro Forma Balance Sheet” has the meaning
specified in Section 4.4(d). 
 “Pro Forma Basis” means, with respect to any determination for any period and
any Pro Forma Transaction, that such determination shall be made by giving pro forma effect to each such Pro Forma Transaction, as if each such Pro Forma Transaction had been consummated on the first day of such period, based on
historical results accounted for in accordance with GAAP, with other customary adjustments thereto reasonably acceptable to the Administrative Agent, and, to the extent applicable, reasonable assumptions that are specified in reasonable detail in
the relevant Compliance Certificate, Financial Statement or other document provided to the Administrative Agent or any Lender in connection herewith in accordance with Regulation S-X promulgated pursuant to the Securities Act of 1933. 
 “Pro Forma Transaction” means any transaction consummated as part of the Acquisition, any Permitted Acquisition, together with each
other transaction relating thereto and consummated in connection therewith, including any incurrence or repayment of Indebtedness. 
 “Projections” means, collectively, the Initial Projections and any document delivered pursuant to Section 6.1(f). 
 “Property Loss Event” means, with respect to any property, any loss of or damage to such property or any taking of such property or condemnation thereof. 
  

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 “Proposed Acquisition” means (a) any proposed acquisition that is consensual and
approved by (or, if board approval is not required, not opposed by) the board of directors of such Proposed Acquisition Target, of all or substantially all of the assets or Stock of any Proposed Acquisition Target by the Borrower or any Subsidiary
of the Borrower (or by Holdings to the extent such assets and Stock are transferred to the Borrower or any Subsidiary of the Borrower contemporaneously with such acquisition) or (b) any proposed merger that is consensual and approved by (or, if
board approval is not required, not opposed by) the board of directors 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, with the Borrower being the
surviving corporation). 
 “Proposed Acquisition Target” means any Person or any brand, line of business, division, branch,
operating division or other unit operation of any Person. 
 “Pro Rata Outstandings”, of any Lender at any time, means the
outstanding principal amount of the Term Loans owing to such Lender. 
 “Pro Rata Share” means, with respect to any Lender,
at any time, the percentage obtained by dividing (a) the sum of the Commitments (or, if such Commitments are terminated, the Pro Rata Outstandings) of such Lender then in effect by (b) the sum of the Commitments (or, if such Commitments
are terminated, the Pro Rata Outstandings) of all Lenders then in effect; provided, however, that, if there are no Commitments and no Pro Rata Outstandings, such Lender’s Pro Rata Share shall be determined based on the Pro Rata
Share most recently in effect, after giving effect to any subsequent assignment and any subsequent non-pro rata payments of any Lender pursuant to Section 2.18. 
 “Register” has the meaning specified in Section 2.14(b). 
 “Reinvestment Prepayment Amount” means, with respect to any Net Cash Proceeds on the Reinvestment Prepayment Date therefor, the amount
of such Net Cash Proceeds less any amount paid or required to be paid by any Group Member to make Permitted Reinvestments with such Net Cash Proceeds pursuant to a Contractual Obligation entered into prior to such Reinvestment Prepayment Date
with any Person that is not an Affiliate of the Borrower. 
 “Reinvestment
Prepayment Date” means, with respect to any portion of any Net Cash Proceeds of any Sale or Property Loss Event, the earliest of (a) the 180th day after the completion of the portion of such Sale or Property Loss Event corresponding to such Net Cash Proceeds, (b) the date that is 5 Business Days after the date on which the Borrower shall have notified the Administrative
Agent of the Borrower’s determination not to make Permitted Reinvestments with such Net Cash Proceeds, (c) the occurrence of any Event of Default set forth in Section 9.1(e)(ii) and (d) 5 Business Days after the delivery
of a notice requiring repayment by the Administrative Agent or the Required Lenders to the Borrower during the continuance of any other Event of Default. 
 “Related Documents” means, collectively, the Acquisition Agreement, the First Lien Loan Documents, the payoff letter with respect to the Existing Credit Agreement executed and delivered to the
Administrative Agent in connection with Section 3.1(d) and each other document executed with respect to any of the foregoing. 
  

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 “Related Person” means, with respect to any Person, each Affiliate of such Person and
each director, officer, employee, agent, trustee, representative, attorney, accountant, together with, if such Person is the Administrative Agent, each other Person to which the Administrative Agent has delegated duties pursuant to and in accordance
with Section 10.4 or any comparable provision of any Loan Document. 
 “Related Transactions” means,
collectively, the consummation of the Acquisition, including the repayment of existing Indebtedness of the Acquired Company, as set forth in the Acquisition Agreement, the closing of the First Lien Facility, the refinancing of the Existing Credit
Agreement, the execution and delivery of all Related Documents and the payment of all related fees, costs and expenses. 
 “Release” means any release, threatened release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous
Material into or through the environment. 
 “Remedial Action” means all actions required to (a) clean up, remove,
treat or in any other way address any Hazardous Material in the indoor or outdoor environment, (b) prevent or minimize any Release so that a Hazardous Material 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 with respect to any Hazardous Material. 
 “Required Lenders” means, at any time, Lenders having at such time in excess of 50% of the sum of the Term Loan Commitments (or, if such Commitments are terminated, the Pro Rata Outstandings in the
Term Loan Facility). 
 “Requirements of Law” means, with respect to any Person, collectively, the common law and all
federal, state, local, foreign, multinational or international laws, statutes, codes, treaties, standards, rules and regulations, ordinances, orders, judgments, writs, injunctions, decrees (including administrative or judicial precedents or
authorities) and the interpretation or administration thereof by, and other determinations, directives, requirements or requests of, any Governmental Authority, in each case that are binding upon such Person or any of its property or to which such
Person or any of its property is subject. 
 “Responsible Officer” means, with respect to any Person, any of the president,
chief executive officer, treasurer, assistant treasurer, controller, managing member or general partner of such Person but, in any event, with respect to financial matters, any such officer that is responsible for preparing the Financial Statements
delivered hereunder and, with respect to the Corporate Chart and other documents delivered pursuant to Section 6.1(e), documents delivered on the Closing Date and documents delivered pursuant to Section 7.10, the secretary or
assistant secretary of such Person or any other officer responsible for maintaining the corporate and similar records of such Person. 
 “Restricted Payment” means (a) any dividend, return of capital, distribution or any other payment, whether direct or indirect (including through the use of Hedging Agreements, or the sale of property for less than fair
market value, or the making, repayment, cancellation or forgiveness of Indebtedness and similar Contractual Obligations) and whether in cash, Securities or other property, in each case on account of any Stock or Stock Equivalent of the Borrower or
any of its Subsidiaries, in each case now or hereafter 

  

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outstanding and (b) any redemption, retirement, termination, defeasance, cancellation, purchase or other acquisition for value, whether direct or
indirect (including through the use of Hedging Agreements, the making, repayment, cancellation or forgiveness of Indebtedness and similar Contractual Obligations), of any Stock or Stock Equivalent of any Group Member or of any direct or indirect
parent entity of the Borrower, now or hereafter outstanding, and any payment for any such redemption, retirement, termination, cancellation, purchase or other acquisition, whether directly or indirectly and whether to a sinking fund or a similar
fund. 
 “S&P” means Standard & Poor’s Rating Services. 
 “Sale and Leaseback Transaction” means, with respect to any Person (the “obligor”), any Contractual Obligation or other
arrangement with any other Person (the “counterparty”) consisting of a lease by such obligor of any property that, directly or indirectly, has been or is to be Sold by the obligor to such counterparty or to any other Person to whom
funds have been advanced by such counterparty based on a Lien on, or an assignment of, such property or any obligations of such obligor under such lease. 
 “Secured Hedging Agreement” means any Hedging Agreement that (a) has been entered into with a Secured Hedging Counterparty, (b) in the case of a Hedging Agreement not entered into with or
provided or arranged by the Administrative Agent or an Affiliate of the Administrative Agent, is expressly identified as being a “Secured Hedging Agreement” hereunder in a joint notice from such Loan Party and such Person delivered to the
Administrative Agent reasonably promptly after the execution of such Hedging Agreement and (c) meets the requirements of Section 8.1(f). 
 “Secured Hedging Counterparty” means (a) a Person who has entered into a Hedging Agreement with a Loan Party if such Hedging Agreement was provided or arranged by the Administrative Agent or an
Affiliate of the Administrative Agent, and any assignee of such Person or (b) a Lender or an Affiliate of a Lender who has entered into a Hedging Agreement with a Loan Party (or a Person who was a Lender or an Affiliate of a Lender at the time
of execution and delivery of the Hedging Agreement). 
 “Secured Parties” means the Lenders, the Administrative Agent, any
Secured Hedging Counterparty, each other Indemnitee and any other holder of any Obligation of any Loan Party. 
 “Security”
means all Stock, Stock Equivalents, voting trust certificates, bonds, debentures, instruments and other evidence of Indebtedness, whether or not secured, convertible or subordinated, all certificates of interest, share or participation in, all
certificates for the acquisition of, and all warrants, options and other rights to acquire, any Security. 
 “Sell” means,
with respect to any property, to sell, convey, transfer, assign, license, lease or otherwise dispose of, any interest therein or to permit any Person to acquire any such interest, including, in each case, through a Sale and Leaseback Transaction or
through a sale, factoring at maturity, collection of or other disposal, with or without recourse, of any notes or accounts receivable. Conjugated forms thereof and the noun “Sale” have correlative meanings. 
  

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

“Stated Rate” has the meaning specified in Section 2.9(d). 
 “Stock” means all shares of capital stock (whether denominated as common stock or preferred stock), equity interests, beneficial,
partnership or membership interests, joint venture interests, participations or other ownership or profit interests in or equivalents (regardless of how designated) of or in a Person (other than an individual), whether voting or non-voting.

 “Stock Equivalents” means all securities convertible into or exchangeable for Stock or any other Stock Equivalent and all
warrants, options or other rights to purchase, subscribe for or otherwise acquire any Stock or any other Stock Equivalent, whether or not presently convertible, exchangeable or exercisable. 
 “Subordinated Debt” means any Indebtedness that is subordinated to the payment in full of the Obligations on terms and conditions
satisfactory to the Administrative Agent. 
 “Subsidiary” means, with respect to any Person, any corporation, partnership,
joint venture, limited liability company, association or other entity of which an aggregate of more than 50% of the outstanding Voting Stock is, at the time, owned or controlled directly or indirectly by, such Person or one or more Subsidiaries of
such Person. 
 “Substitute Lender” has the meaning specified in Section 2.18(a). 
 “SWDA” means the Solid Waste Disposal Act (42 U.S.C. §§ 6901 et seq.). 
 “Tax Affiliate” means (a) the Borrower and its Subsidiaries and (b) any Affiliate of the Borrower with which the Borrower
files or is eligible to file consolidated, combined or unitary tax returns. 
 “Tax Return” has the meaning specified in
Section 4.8. 
 “Taxes” has the meaning specified in Section 2.17(a). 
 “Term Loan” has the meaning specified in Section 2.1. 
 “Term Loan Commitment” means, with respect to each Lender, the commitment of such Lender to make Term Loans to the Borrower, which
commitment is in the amount set forth opposite such Lender’s name on Schedule I under the caption “Term Loan Commitment”, as amended to reflect Assignments and as such amount may be reduced pursuant to this
Agreement. The aggregate amount of the Term Loan Commitments on the date hereof equals $25,000,000. 
  

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 “Term Loan Facility” means the Term Loan Commitments and the provisions herein related
to the Term Loans. 
 “Term Loan Maturity Date” means the 7th anniversary of the Closing Date. 
 “Title IV Plan” means a pension plan subject to Title IV of ERISA, other than a Multiemployer Plan, to which any ERISA Affiliate incurs or otherwise has any obligation or liability, contingent or otherwise. 
 “Trademarks” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law in or
relating to trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or business identifiers and, in each case, all goodwill associated therewith, all
registrations and recordations thereof and all applications in connection therewith. 
 “Trade Secrets” means all right,
title and interest (and all related IP Ancillary Rights) arising under any Requirement of Law in or relating to trade secrets. 
 “UCC” means the Uniform Commercial Code of any applicable jurisdiction and, if the applicable jurisdiction shall not have any Uniform Commercial Code, the Uniform Commercial Code as in effect in the State of New York.

 “United States” means the United States of America. 
 “U.S. Lender Party” means each of the Administrative Agent, each Lender, each SPV and each participant, in each case 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 occurrence of any
contingency). 
 “Wholly Owned Subsidiary” of any Person means any Subsidiary of such Person, all of the Stock of which
(other than nominal holdings and director’s qualifying shares) is owned by such Person, either directly or through one or more Wholly Owned Subsidiaries of such Person. 
 “Withdrawal Liability” means, at any time, any liability incurred (whether or not assessed) by any ERISA Affiliate and not yet satisfied
or paid in full at such time with respect to any Multiemployer Plan pursuant to Section 4201 of ERISA. 
 “Working
Capital” means, for any Person at any date, its Consolidated Current Assets at such date minus its Consolidated Current Liabilities at such date. 
 Section 1.2 UCC Terms. The following terms have the meanings given to them in the applicable UCC: “commodity account”, “commodity contract”, “commodity intermediary”,
“deposit account”, “entitlement holder”, “entitlement order”, “equipment”, “financial asset”, “general intangible”, “goods”, “instruments”, “inventory”,
“securities account”, “securities intermediary” and “security entitlement”. 
  

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 Section 1.3 Accounting Terms and Principles. (a) GAAP. All accounting
determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in accordance with GAAP. No change in the accounting principles used in the preparation of any Financial Statement hereafter adopted by
Holdings shall be given effect if such change would affect a calculation that measures compliance with any provision of Article V or VIII unless the Borrower, the Administrative Agent and the Required Lenders agree to modify such
provisions to reflect such changes in GAAP and, unless such provisions are modified, all Financial Statements, Compliance Certificates and similar documents provided hereunder shall be provided together with a reconciliation between the calculations
and amounts set forth therein before and after giving effect to such change in GAAP. 
 (b) Pro Forma. All components of financial
calculations made to determine compliance with Article V shall be adjusted on a Pro Forma Basis to include or exclude, as the case may be, without duplication, such components of such calculations attributable to any Pro Forma
Transaction consummated 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 based on assumptions expressed therein and that were reasonable based on the
information available to the Borrower at the time of preparation of the Compliance Certificate setting forth such calculations. 
 Section
1.4 Payments. The Administrative Agent may set up standards and procedures to determine or redetermine the equivalent in Dollars of any amount expressed in any currency other than Dollars and otherwise may, but shall not be obligated to,
rely on any determination made by any Loan Party. Any such determination or redetermination by the Administrative Agent shall be conclusive and binding for all purposes, absent manifest error. No determination or redetermination by any Secured Party
or Loan Party and no other currency conversion shall change or release any obligation of any Loan Party or of any Secured Party (other than the Administrative Agent and its Related Persons) under any Loan Document, each of which agrees to pay
separately for any shortfall remaining after any conversion and payment of the amount as converted. The Administrative Agent may round up or down, and may set up appropriate mechanisms to round up or down, any amount hereunder to nearest higher or
lower amounts and may determine reasonable de minimis payment thresholds. 
 Section 1.5 Interpretation. (a) Certain
Terms. Except as set forth in any Loan Document, all accounting terms not specifically defined herein shall be construed in accordance with GAAP (except for the term “property” which shall be interpreted as broadly as possible,
including, in any case, cash, Securities, other assets, rights under Contractual Obligations and Permits and any right or interest in any property). The terms “herein”, “hereof” and similar terms refer to this
Agreement as a whole. In the computation of periods of time from a specified date to a later specified date in any Loan Document, the terms “from” means “from and including” and the words “to” and
“until” each mean “to but excluding” and the word “through” means “to and including.” In any other case, the term “including” when used in any Loan Document means “including
without limitation.” The term “documents” means all writings, however evidenced and whether in physical or electronic form, including all documents, instruments, agreements, notices, demands, certificates, forms, financial
statements, opinions and reports. The term “incur” means incur, create, make, issue, assume or otherwise become directly or indirectly liable in respect of or responsible for, in each case whether directly or indirectly, and the
terms “incurrence” and “incurred” and similar derivatives shall have correlative meanings. 
  

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 (b) Certain References. Unless otherwise expressly indicated, references (i) in this
Agreement to an Exhibit, Schedule, Article, Section or clause refer to the appropriate Exhibit or Schedule to, or Article, Section or clause in, this Agreement and (ii) in any Loan Document, to (A) any agreement shall include, without
limitation, all exhibits, schedules, appendixes and annexes to such agreement and, unless the prior consent of any Secured Party required therefor is not obtained, any modification to any term of such agreement, (B) any statute shall be to such
statute as 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 and (C) any time of day shall be a reference to New York time. Titles of articles, sections,
clauses, exhibits, schedules and annexes contained in any Loan Document are without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties hereto. Unless otherwise expressly indicated, the
meaning of any term defined (including by reference) in any Loan Document shall be equally applicable to both the singular and plural forms of such term. 
 ARTICLE II 
 THE FACILITY 
 Section 2.1 Term Loan Commitments. On the terms and subject to the conditions contained in this Agreement, each Lender severally, but not jointly, agrees to make a loan (each a “Term
Loan”) in Dollars to the Borrower on the Closing Date, in an amount not to exceed such Lender’s Term Loan Commitment. Amounts of Term Loans repaid may not be reborrowed. 
 Section 2.2 [Reserved]. 
 Section 2.3 [Reserved]. 
 Section 2.4 [Reserved]. 
 Section 2.5 Termination of the Commitments. All outstanding Commitments shall terminate on the Closing Date (after giving effect to any
Borrowing occurring on such date). 
 Section 2.6 Repayment of Loans. The Borrower promises to repay the Term Loans on the Term
Loan Maturity Date. 
 Section 2.7 Optional Prepayments. Subject to the terms and conditions of the Intercreditor Agreement,
the Borrower may prepay the outstanding principal amount of any Loan in whole or in part at any time (together with accrued interest thereon and any breakage costs that may be owing pursuant to Section 2.16(a) after giving effect to such
prepayment and the Prepayment Premium as may be applicable to such prepayment in accordance with Section 2.19); provided, however, that each partial prepayment of any Term Loan that is not of the entire outstanding amount
of the Term Loans shall be in an aggregate amount that is an integral multiple of $1,000,000. 
 Section 2.8 Mandatory
Prepayments. (a) Excess Cash Flow. So long as no “Obligations” (as defined in the First Lien Credit Agreement) are outstanding and all “Commitments” (as defined in the First Lien Credit Agreement) have been
terminated, the Borrower shall pay or cause to be paid to the Administrative Agent, within 5 Business Days after the last date Financial Statements 

  

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can be delivered pursuant to Section 6.1(b) for any Excess Cash Flow Period ending after the Closing Date, an amount equal to 50% of the Excess
Cash Flow for such Excess Cash Flow Period; provided, however, that should the Consolidated Leverage Ratio of Holdings on the last day of such Excess Cash Flow Period be less than (i) 3.25 to one, such percentage shall be reduced
to 25%; or (ii) 2.25 to one, such percentage shall be reduced to 0%. 
 (b) Debt Issuances. So long as no
“Obligations” (as defined in the First Lien Credit Agreement) are outstanding, then upon receipt on or after the Closing Date by any Loan Party or any of its Subsidiaries of Net Cash Proceeds arising from the incurrence by any Loan Party
or any of its Subsidiaries of Indebtedness of the type specified in clause (a) or (b) of the definition thereof (other than any such Indebtedness permitted hereunder in reliance upon any of clauses (a) through
(h) of Section 8.1), the Borrower shall immediately pay or cause to be paid to the Administrative Agent an amount equal to 100% of such Net Cash Proceeds. 
 (c) Asset Sales and Property Loss Events. So long as no “Obligations” (as defined in the First Lien Credit Agreement) are
outstanding, then upon receipt on or after the Closing Date by any Loan Party or any of its Subsidiaries of Net Cash Proceeds arising from (i) any Sale by any Group Member of any of its property to the extent resulting, in the aggregate with
all other such Sales, in the receipt by any of them of Net Cash Proceeds in excess of $500,000, but excluding any Sales of its own Stock and Sales of property permitted hereunder in reliance upon any of clauses (a) through
(e) of Section 8.4 or (ii) any Property Loss Event with respect to any property of any Group Member to the extent resulting, in the aggregate with all other such Property Loss Events, in the receipt by any of them of Net
Cash Proceeds in excess of $500,000, the Borrower shall immediately pay or cause to be paid to the Administrative Agent an amount equal to 100% of such Net Cash Proceeds; provided, however, that, upon any such receipt, as long as no
Event of Default shall be continuing, any Group Member may make Permitted Reinvestments with such Net Cash Proceeds and the Borrower shall not be required to make or cause such payment to the extent such Net Cash Proceeds are intended to be used to
make Permitted Reinvestments, so long as, on each Reinvestment Prepayment Date for such Net Cash Proceeds, the Borrower shall pay or cause to be paid to the Administrative Agent an amount equal to the Reinvestment Prepayment Amount applicable to
such Reinvestment Prepayment Date and such Net Cash Proceeds. 
 (d) [Reserved]. 
 (e) Application of Payments. Any payments made to the Administrative Agent pursuant to this Section 2.8 shall be applied to the
Obligations in accordance with Section 2.12(b). 
 Section 2.9 Interest. (a) Rate. All Loans and the
outstanding amount of all other Obligations (other than pursuant to Secured Hedging Agreements) 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: (i) in the case of Base Rate Loans, at a rate per annum equal to
the sum of the Base Rate and the Applicable Margin, each as in effect from time to time and (ii) in the case of Eurodollar Rate Loans, at a rate per annum equal to the sum of the Eurodollar Rate and the Applicable Margin, each as in effect for
the applicable Interest Period. 
  

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 (b) Payments. Interest accrued shall be payable in arrears (i) if accrued on the principal
amount of any Loan, (A) at maturity (whether by acceleration or otherwise) and (B)(1) if such Loan is a Base Rate Loan, on the last day of each calendar quarter commencing on the first such day following the making of such Loan, (2) if
such Loan is a Eurodollar Rate Loan, on the last day of each Interest Period applicable to such Loan and, if applicable, on each date during such Interest Period occurring every 3 months from the first day of such Interest Period and (ii) if
accrued on any other Obligation, on demand from and after the time such Obligation is due and payable (whether by acceleration or otherwise). 
 (c) Default Interest. Notwithstanding the rates of interest specified in clause (a) above or elsewhere in any Loan Document, effective immediately upon (A) the occurrence of any Event of Default under
Section 9.1(a) or Section 9.1(e)(ii) or (B) the delivery of a notice by the Administrative Agent or the Required Lenders to the Borrower during the continuance of any other Event of Default and, in each case, for as long
as such Event of Default shall be continuing, the principal balance of all Obligations (including any Obligation that bears interest by reference to the rate applicable to any other Obligation) then due and payable shall bear interest at a rate that
is 2% per annum in excess of the interest rate applicable to such Obligations from time to time, payable on demand or, in the absence of demand, on the date that would otherwise be applicable. 
 (d) Maximum Interest. In no event shall the interest charged with respect to the Loans, the Notes or any other Obligations of the Borrower under
the Loan Documents exceed the maximum amount permitted under the laws of the jurisdiction whose law is specified as the governing law of this document pursuant to Section 11.14 or of any other applicable jurisdiction. For the purposes of
making any such determination hereunder, the Loans hereunder shall be deemed a single loan in the amount of the Commitments. Notwithstanding anything to the contrary herein or elsewhere, if at any time the rate of interest payable for the account of
any Lender hereunder or any other Loan Document (the “Stated Rate”) would exceed the highest rate of interest permitted under any applicable law to be charged by such Lender (the “Maximum Lawful Rate”), then for so
long as the Maximum Lawful Rate would be so exceeded, the rate of interest payable for the account of such Lender shall be equal to the Maximum Lawful Rate; provided that if at any time thereafter the Stated Rate is less than the Maximum
Lawful Rate, the Borrower shall, to the extent permitted by law, continue to pay interest for the account of such Lender at the Maximum Lawful Rate until such time as the total interest received by the Lender is equal to the total interest which
such Lender would have received had the Stated Rate been (but for the operation of this provision) the interest rate payable. Thereafter, the interest rate payable for the account of such Lender shall be the Stated Rate unless and until the Stated
Rate again would exceed the Maximum Lawful Rate, in which event this provision shall again apply. In no event shall the total interest received by any Lender exceed the amount which such Lender could lawfully have received had the interest been
calculated for the full term hereof at the Maximum Lawful Rate with respect to such Lender. In computing interest payable with reference to the Maximum Lawful Rate applicable to any Lender, such interest shall be calculated at a daily rate equal to
the Maximum Lawful Rate divided by the number of days in the year in which such calculation is made. If any Lender has received interest hereunder in excess of the Maximum Lawful Rate with respect to such Lender, such excess amount shall be applied
to the reduction of the outstanding principal balance of its Loans or to other amounts (other than interest) payable hereunder, and if no such principal or other amounts are then outstanding, such excess or part thereof remaining shall be paid to
the Borrower. 
  

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 Section 2.10 Conversion and Continuation Options. (a) Option. The Borrower may
elect (i) in the case of any Eurodollar Rate Loan, (A) to continue such Eurodollar Rate Loan or any portion thereof for an additional Interest Period on the last day of the Interest Period applicable thereto and (B) to convert such
Eurodollar Rate Loan or any portion thereof into a Base Rate Loan at any time on any Business Day, subject to the payment of any breakage costs required by Section 2.16(a), and (ii) in the case of Base Rate Loans, to convert such
Base Rate Loans or any portion thereof into Eurodollar Rate Loans at any time on any Business Day upon 3 Business Days’ prior notice; provided, however, that, (x) for each Interest Period, the aggregate amount of Eurodollar
Rate Loans having such Interest Period must be an integral multiple of $500,000 and (y) 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 shall be
permitted at any time (1) at which an Event of Default shall be continuing and the Administrative Agent or the Required Lenders shall have determined in their sole discretion not to permit such conversions or continuations, (2) at which
such continuation or conversion would be made during a suspension imposed by Section 2.15 or (3) during the thirty (30) days after the Closing Date. 
 (b) Procedure. Each such election shall be made by giving the Administrative Agent at least 3 Business Days’ prior notice in substantially the form of Exhibit F (a “Notice of Conversion
or Continuation”) duly completed. The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. If the Administrative Agent does not receive a timely
Notice of Conversion or Continuation from the Borrower containing a permitted election to continue or convert any Eurodollar Rate Loan, then, upon the expiration of the applicable Interest Period, such Loan shall be automatically converted to a Base
Rate Loan. Each partial conversion or continuation shall be allocated ratably among the Lenders in the applicable Facility in accordance with their Pro Rata Share. 
 Section 2.11 Fees. The Borrower shall pay to the Administrative Agent and its Related Persons its reasonable and customary fees and expenses in connection with any payments made pursuant to
Section 2.16(a) (Breakage Costs) and has agreed to pay the additional fees described in the Fee Letter. 
 Section
2.12 Application of Payments. (a) Application of Voluntary Prepayments. Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the
Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates. 
 (b)
Application of Mandatory Prepayments. Subject to the provisions of clause (c) below with respect to the application of payments during the continuance of an Event of Default, any payment made by the Borrower to the Administrative
Agent pursuant to Section 2.8 or any other prepayment of the Obligations required to be applied in accordance with this clause (b) shall be applied first, to pay any breakage costs that may be owing pursuant to
Section 2.16(a) after giving effect to such prepayment, second, to pay accrued interest in respect of the amounts being prepaid, third, to repay the outstanding principal balance of the Term Loans, and, then, any excess
shall be retained by the Borrower. 
  

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 (c) Application of Payments During an Event of Default. Each of Holdings and the Borrower hereby
irrevocably waives, and agrees to cause each Loan Party and each other Group Member to waive, the right to direct the application during the continuance of an Event of Default of any and all payments in respect of any Obligation and any proceeds of
Collateral and agrees that, notwithstanding the provisions of clause (a) above, the Administrative Agent may, and, upon either (A) the direction of the Required Lenders or (B) acceleration of any Obligation pursuant to
Section 9.2, shall, apply all payments in respect of any Obligation, all funds on deposit in any Cash Collateral Account and all other proceeds of Collateral (i) first, to pay Obligations in respect of any cost or expense
reimbursements, fees or indemnities then due to the Administrative Agent, (ii) second, to pay Obligations in respect of any cost or expense reimbursements, fees or indemnities then due to the Lenders, (iii) third, to pay
interest then due and payable in respect of the Loans, (iv) fourth, to repay the outstanding principal amounts of the Loans and to pay amounts owing with respect to Secured Hedging Agreements and (v) fifth, to the ratable
payment of all other Obligations. 
 (d) Application of Payments Generally. All repayments of Term Loans shall be applied
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 Interest Periods being repaid prior to those having
later expiring Interest Periods. All repayments of Term Loans shall be applied to reduce the remaining installments of such outstanding principal amounts of the Term Loans in the inverse order of their maturities. If sufficient amounts are not
available to repay all outstanding Obligations described in any priority level set forth in this Section 2.12, the available amounts shall be applied, unless otherwise expressly specified herein, to such Obligations ratably based on the
proportion of the Secured Parties’ interest in such Obligations. Any priority level set forth in this Section 2.12 that includes interest shall include all such interest, whether or not accruing after the filing of any petition in
bankruptcy or the commencement of any insolvency, reorganization or similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding. 
 Section 2.13 Payments and Computations. (a) Procedure. The Borrower shall make each payment under any Loan Document not later
than 2:00 p.m. on the day when due to the Administrative Agent by wire transfer to the following account (or at such other account or by such other means to such other address as the Administrative Agent shall have notified the Borrower in
writing within a reasonable time prior to such payment) in immediately available Dollars and without setoff or counterclaim: 
 ABA
No. XXX-XXX-XXX 
 Account Number XXX-XXX-XX 
 Deutsche Bank Trust Company Americas, New York, New York 
 Account Name: GECC HH Cash Flow 

 Reference: GE Capital Re Medical Staffing Network, Inc. 
 2nd Lien 
 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 Section 2.12. The Lenders shall make any payment under any Loan Document in immediately available Dollars and without setoff or
counterclaim. Payments received by the Administrative Agent after 2:00 p.m. shall be deemed to be received on the next Business Day. 
  

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 (b) Computations of Interests and Fees. All computations of interest and of fees shall be made by
the Administrative Agent on the basis of a year of 360 days (or, in the case of Base Rate Loans whose interest rate is calculated based on the rate set forth in clause (a) of the definition of “Base Rate”, 365/366 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 of an interest rate or the amount of a fee hereunder shall be made
by the Administrative Agent (including determinations of a Eurodollar Rate or Base Rate in accordance with the definitions of “Eurodollar Rate” and “Base Rate”, respectively) and shall be conclusive, binding and final for all
purposes, absent manifest error. 
 (c) Payment Dates. 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 without any increase in such payment as a result of additional interest or fees; provided, however, that such interest and fees shall
continue accruing as a result of such extension of time. 
 (d) Advancing Payments. 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 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 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 under the applicable Facility) 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.

 Section 2.14 Evidence of Debt. (a) Records of Lenders. Each Lender shall maintain in accordance with its usual
practice 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. In addition, each Lender having sold a participation in any of its Obligations or having identified an SPV as such to the Administrative Agent, the Administrative Agent acting as agent of the Borrower solely for this purpose and solely
for tax purposes, shall establish and maintain at its address referred to in Section 11.12 (or at such other address as such Lender shall notify the Borrower) a record of ownership, in which such Lender shall register by book entry
(A) the name and address of each such participant and SPV (and each change thereto, whether by assignment or otherwise) and (B) the rights, interest or obligation of each such participant and SPV in any Obligation, in any Commitment and in
any right to receive any payment hereunder. 
 (b) Records of Administrative Agent. The Administrative Agent, acting as agent of the
Borrower solely for tax purposes and solely with respect to the actions described in this Section 2.14, shall establish and maintain at its address referred to in Section 11.12 (or at such other address as the Administrative
Agent may notify the Borrower) (A) a record of ownership (the “Register”) in which the Administrative Agent agrees to register by book entry the interests (including any rights to receive payment hereunder) of the
Administrative Agent, each Lender in the Term Loans, each of their obligations under this Agreement to participate in each Loan and 

  

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any assignment of any such interest, obligation or right and (B) accounts in the Register in accordance with its usual practice in which it shall record
(1) the names and addresses of the Lenders (and each change thereto pursuant to Section 2.18 (Substitution of Lenders) and Section 11.2 (Assignments and Participations; Binding Effect)), (2) the
Commitments of each Lender, (3) the amount of each Loan and each funding of any participation described in clause (A) above, for Eurodollar Rate Loans, the Interest Period applicable thereto, (4) the amount of any principal or
interest due and payable or paid and (5) any other payment received by the Administrative Agent from the Borrower and its application to the Obligations. 
 (c) Registered Obligations. Notwithstanding anything to the contrary contained in this Agreement, the Loans (including any Notes evidencing such Loans are registered obligations, the right, title and interest
of the Lenders and their assignees in and to such Loans, as the case may be, shall be transferable only upon notation of such transfer in the Register and no assignment thereof shall be effective until recorded therein. This Section 2.14
and Section 11.2 shall be construed so that the Loans 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 (and any
successor provisions). 
 (d) Prima Facie Evidence. The entries made in the Register and in the accounts maintained pursuant to
clauses (a) and (b) above shall, to the extent permitted by applicable Requirements of Law, be prima facie evidence of the existence and amounts of the obligations recorded therein; provided, however, that no
error in such account and no failure of any Lender or the Administrative Agent to maintain any such account shall affect the obligations of any Loan Party to repay the Loans in accordance with their terms. In addition, the Loan Parties, the
Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register as a Lender for all purposes of this Agreement. Information contained in the Register with respect to any Lender shall be available for access by the
Borrower, the Administrative Agent or such Lender at any reasonable time and from time to time upon reasonable prior notice. No Lender shall, in such capacity, have access to or be otherwise permitted to review any information in the Register other
than information with respect to such Lender unless otherwise agreed by the Administrative Agent. 
 (e) Notes. Upon any Lender’s
request, the Borrower shall promptly execute and deliver Notes to such Lender evidencing the Loans of such Lender in the Term Loan Facility and substantially in the form of Exhibit B; provided, however, that only one Note
for the Term Loan Facility shall be issued to each Lender, except (i) to an existing Lender exchanging existing Notes to reflect changes in the Register relating to such Lender, in which case the new Notes delivered to such Lender shall be
dated the date of the original Notes and (ii) in the case of loss, destruction or mutilation of existing Notes and similar circumstances. Each Note, if issued, shall only be issued as means to evidence the right, title or interest of a Lender
or a registered assignee in and to the related Loan, as set forth in the Register, and in no event shall any Note be considered a bearer instrument or obligation. 
  

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 Section 2.15 Suspension of Eurodollar Rate Option. Notwithstanding any provision to the
contrary in this Article II, the following shall apply: 
 (a) Interest Rate Unascertainable, Inadequate or Unfair. In the
event that (A) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the Eurodollar Rate is determined or (B) the Required 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 promptly so notify the Borrower
and the Lenders, whereupon the obligation of each Lender to make or to continue Eurodollar Rate Loans shall be suspended as provided in clause (c) below until the Administrative Agent shall notify the Borrower that the Required Lenders
have determined that the circumstances causing such suspension no longer exist. 
 (b) Illegality. If any Lender determines that the
introduction of, or any change in or in the interpretation of, any Requirement of Law after the date of this Agreement shall make it unlawful, or any Governmental Authority shall assert that it is unlawful, for any Lender or its applicable 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, the obligation of such Lender to make or to
continue Eurodollar Rate Loans shall be suspended as provided in clause (c) below until such Lender shall, through the Administrative Agent, notify the Borrower that it has determined that it may lawfully make Eurodollar Rate Loans.

 (c) Effect of Suspension. If the obligation of any Lender to make or to continue Eurodollar Rate Loans is suspended, (A) the
obligation of such Lender to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended, (B) such Lender shall make a Base Rate Loan at any time such Lender would otherwise be obligated to make a Eurodollar Rate Loan, (C) the
Borrower may revoke any pending Notice of Conversion or Continuation to make or continue any Eurodollar Rate Loan or to convert any Base Rate Loan into a Eurodollar Rate Loan and (D) each Eurodollar Rate Loan of such Lender shall automatically
and immediately (or, in the case of any suspension pursuant to clause (a) above, on the last day of the current Interest Period thereof) be converted into a Base Rate Loan. 
 Section 2.16 Breakage Costs; Increased Costs; Capital Requirements. (a) Breakage Costs. The Borrower shall compensate each
Lender, upon demand from such Lender to such Borrower (with copy to the Administrative Agent), for all Liabilities (including, in each case, those incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such
Lender to prepare to fund, to fund or to maintain the Eurodollar Rate Loans of such Lender to the Borrower but excluding any loss of the Applicable Margin on the relevant Loans) that such Lender may incur (A) to the extent a proposed conversion
into or continuation of Eurodollar Rate Loans does not occur on a date specified therefor in a Notice of Conversion or Continuation or in a similar request made by telephone by the Borrower, (B) to the extent any Eurodollar Rate Loan is paid
(whether through a scheduled, optional or mandatory prepayment) or converted to a Base Rate Loan (including because of Section 2.15) on a date that is not the last day of the applicable Interest Period or (C) as a consequence of any
failure by the Borrower to repay Eurodollar Rate Loans when required by the terms hereof. For purposes of this clause (a), each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it using a matching deposit or other
borrowing in the London interbank market. 
 (b) Increased Costs. If at any time any Lender determines that, after the date hereof,
the adoption of, or any change in or in the interpretation, application or administration of, or compliance with, any Requirement of Law (other than any imposition or increase of Eurodollar Reserve Requirements) from any Governmental Authority shall
have the effect of (i) increasing the cost to such Lender of making, funding or maintaining any Eurodollar Rate Loan or to agree to do so or of participating, or agreeing to participate, in 

  

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extensions of credit or (ii) imposing any other cost to such Lender with respect to compliance with its obligations under any Loan Document, then, upon
demand by such Lender (with copy to the Administrative Agent), the Borrower shall pay to the Administrative Agent for the account of such Lender amounts sufficient to compensate such Lender for such increased cost. 
 (c) Increased Capital Requirements. If at any time any Lender determines that, after the date hereof, the adoption of, or any change in or in the
interpretation, application or administration of, or compliance with, any Requirement of Law (other than any imposition or increase of Eurodollar Reserve Requirements) from any Governmental Authority regarding capital adequacy, reserves, special
deposits, compulsory loans, insurance charges against property of, deposits with or for the account of, Obligations owing to, or other credit extended or participated in by, any Lender or any similar requirement (in each case other than any
imposition or increase of Eurodollar Reserve Requirements) shall have the effect of reducing the rate of return on the capital of such Lender’s (or any corporation controlling such Lender) as a consequence of its obligations under or with
respect to any Loan Document to a level below that which, taking into account the capital adequacy policies of such Lender or corporation, such Lender or corporation could have achieved but for such adoption or change, 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 amounts sufficient to compensate such Lender for such reduction. 
 (d) Compensation Certificate. Each demand for compensation under this Section 2.16 shall be accompanied by a certificate of the Lender
claiming such compensation, setting forth in reasonable detail the basis for computation of the amounts to be paid hereunder, which certificate shall be conclusive, binding and final for all purposes, absent manifest error. In determining such
amount, such Lender may use any reasonable averaging and attribution methods. 
 Section 2.17 Taxes. (a) Payments Free
and Clear of Taxes. Except as otherwise provided in this Section 2.17, each payment by any Loan Party under any Loan Document shall be made free and clear of all present or future taxes, levies, imposts, deductions, charges or
withholdings and all liabilities with respect thereto (and without deduction for any of them) (collectively, but excluding the taxes set forth in clauses (i) and (ii) below, the “Taxes”) other than for
(i) taxes measured by net income (including branch profits taxes) and franchise taxes imposed in lieu of net income taxes, in each case imposed on any Secured Party as a result of a present or former connection between such Secured Party and
the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than such connection arising solely from any Secured Party having executed, delivered or performed its
obligations or received a payment under, or enforced, any Loan Document) or (ii) taxes that are directly attributable to the failure (other than as a result of a change in any Requirement of Law) by any Secured Party to deliver the
documentation required to be delivered pursuant to clause (f) below. 
 (b) Gross-Up. If any Taxes shall be required by
law to be deducted from or in respect of any amount payable under any Loan Document (other than any Secured Hedging Agreement) to any Secured Party (i) such amount shall be increased as necessary to ensure that, after all required deductions
for Taxes are made (including deductions applicable to any increases to any amount under this Section 2.17), such Secured Party receives the amount it would have received had no such deductions been made, (ii) the relevant 

  

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Loan Party shall make such deductions, (iii) the relevant Loan Party shall timely pay the full amount deducted to the relevant taxing authority or other
authority in accordance with applicable Requirements of Law and (iv) within 30 days after such payment is made, the relevant Loan Party shall deliver to the Administrative Agent an original or certified copy of a receipt evidencing such
payment; provided, however, that no such increase shall be made with respect to, and no Loan Party shall be required to indemnify any such Secured Party pursuant to clause (d) below for, withholding taxes to the extent that
the obligation to withhold amounts existed on the date that such Secured Party became a “Secured Party” under this Agreement in the capacity under which such Secured Party makes a claim under this clause (b), except in each case to
the extent such Secured Party is a direct or indirect assignee (other than pursuant to Section 2.18 (Substitution of Lenders)) of any other Secured Party that was entitled, at the time the assignment of such other Secured Party
became effective, to receive additional amounts under this clause (b). 
 (c) Other Taxes. In addition, the Borrower agrees to
pay, and authorizes the Administrative Agent to pay in its name, any stamp, documentary, excise or property tax, charges or similar levies imposed by any applicable Requirement of Law or Governmental Authority and all Liabilities with respect
thereto (including by reason of any delay in payment thereof), in each case arising from the execution, delivery or registration of, or otherwise with respect to, any Loan Document or any transaction contemplated therein (collectively,
“Other Taxes”). 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 11.12, the original or
a certified copy of a receipt evidencing payment thereof. 
 (d) Indemnification. The Borrower shall reimburse and indemnify, within
30 days after receipt of demand therefor (with copy to the Administrative Agent), each Secured Party for all Taxes and Other Taxes (including any Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this
Section 2.17) paid by such Secured Party and any Liabilities arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. A certificate of the Secured Party (or of the
Administrative Agent on behalf of such Secured Party) claiming any compensation under this clause (d), setting forth in reasonable detail the basis for computation of the amounts to be paid thereunder and delivered to the Borrower with copy
to the Administrative Agent, shall be conclusive, binding and final for all purposes, absent manifest error. In determining such amount, the Administrative Agent and such Secured Party may use any reasonable averaging and attribution methods.

 (e) Mitigation. Any Lender claiming any additional amounts payable pursuant to this Section 2.17 shall use its
reasonable efforts (consistent with its internal policies and Requirements of Law) to change the jurisdiction of its lending office if such a change would materially reduce any such additional amounts (or any similar amount that may thereafter
accrue) and would not, in the sole determination of such Lender, be otherwise disadvantageous to such Lender. 
 (f) Tax Forms.
(i) Each Non-U.S. Lender Party that, at any of the following times, is entitled to an exemption from United States withholding tax or, after a change in any Requirement of Law, is subject to such withholding tax at a reduced rate under an
applicable tax treaty, shall (w) on or prior to the date such Non-U.S. Lender Party becomes a “Non-U.S. Lender Party” hereunder, (x) on or prior to the date on which any such form or certification expires or becomes obsolete,
(y) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it pursuant to this clause (f) and (z) from time to time if 

  

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requested by the Borrower or the Administrative Agent (or, in the case of a participant or SPV, the relevant Lender), provide the Administrative Agent and
the Borrower (or, in the case of a participant or SPV, the relevant Lender) with two completed originals of each of the following, as applicable: (A) Forms W-8ECI (claiming exemption from U.S. withholding tax because the income is effectively
connected with a U.S. trade or business), W-8BEN (claiming exemption from, or a reduction of, U.S. withholding tax under an income tax treaty) or any successor forms, (B) in the case of a Non-U.S. Lender Party claiming exemption under Sections
871(h) or 881(c) of the Code, Form W-8BEN (claiming exemption from U.S. withholding tax under the portfolio interest exemption) or any successor form and a certificate in form and substance acceptable to the Administrative Agent that such Non-U.S.
Lender Party is not (1) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code or (3) a
“controlled foreign corporation” described in Section 881(c)(3)(C) of the Code or (C) any other applicable document prescribed by the IRS certifying as to the entitlement of such Non-U.S. Lender Party 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 Party 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 Party 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) Each U.S. Lender Party shall (A) on or prior to the date such U.S. Lender Party becomes a “U.S. Lender Party” hereunder, (B) on or prior to the date on which any such form or certification
expires or becomes obsolete, (C) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it pursuant to this clause (f) and (D) from time to time if requested by the
Borrower or the Administrative Agent (or, in the case of a participant or SPV, the relevant Lender), provide the Administrative Agent and the Borrower (or, in the case of a participant or SPV, the relevant Lender) with two completed originals of
Form W-9 (certifying that such U.S. Lender Party is entitled to an exemption from U.S. backup withholding tax) or any successor form. 
 (iii) Each Lender having sold a participation in any of its Obligations or identified an SPV as such to the Administrative Agent shall collect from such participant or SPV the documents described in this clause (f) and provide
them to the Administrative Agent. 
 Section 2.18 Substitution of Lenders. (a) Substitution Right. In the event
that any Lender that is not an Affiliate of the Administrative Agent (an “Affected Lender”), (i) makes a claim under clause (b) (Increased Costs) or (c) (Increased Capital Requirements) of
Section 2.16, (ii) notifies the Borrower pursuant to Section 2.15(b) (Illegality) that it has become illegal for such Lender to continue to fund or make any Eurodollar Rate Loan in such Facility, (iii) makes
a claim for payment pursuant to Section 2.17(b) (Taxes) or (iv) does not consent to any amendment, waiver or consent to any Loan Document for which the consent of the Required Lenders is obtained but that requires the consent
of other Lenders, the Borrower may either pay in full such Affected Lender the Obligations owed to such Affected Lender with the consent of the Administrative Agent or substitute for such Affected Lender any Lender or any Affiliate or Approved Fund
of any Lender or any other Person acceptable (which acceptance shall not be unreasonably withheld or delayed) to the Administrative Agent (in each case, a “Substitute Lender”). 
  

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 (b) Procedure. To substitute such Affected Lender or pay in full the Obligations owed to such
Affected Lender, the Borrower shall deliver a notice to the Administrative Agent and such Affected Lender. The effectiveness of such payment or substitution shall be subject to the delivery to the Administrative Agent by the Borrower (or, as may be
applicable in the case of a substitution, by the Substitute Lender) of (i) payment for the account of such Affected Lender, of, to the extent accrued through, and outstanding on, the effective date for such payment or substitution, all
Obligations owing to such Affected Lender (including those that will be owed because of such payment and all Obligations that would be owed to such Lender if it was solely a Lender) and (ii) in the case of a substitution, (A) payment of
the assignment fee set forth in Section 11.2(c) and (B) an assumption agreement in form and substance satisfactory to the Administrative Agent whereby the Substitute Lender shall, among other things, agree to be bound by the terms
of the Loan Documents and assume the Commitment of the Affected Lender under such Facility. 
 (c) Effectiveness. Upon satisfaction of
the conditions set forth in clause (b) above, the Administrative Agent shall record such substitution or payment in the Register, whereupon in the case of any substitution, (i) the Affected Lender shall sell and be relieved of, and
the Substitute Lender shall purchase and assume, all rights and claims of such Affected Lender under the Loan Documents, except that the Affected Lender shall retain such rights expressly providing that they survive the repayment of the Obligations
and the termination of the Commitments, (ii) the Substitute Lender shall become a “Lender” hereunder having a Commitment in the amount of such Affected Lender’s Commitment and (iii) the Affected Lender shall execute
and deliver to the Administrative Agent an Assignment to evidence such substitution and deliver any Note in its possession; provided, however, that the failure of any Affected Lender to execute any such Assignment or deliver any such
Note shall not render such sale and purchase (or the corresponding assignment) invalid. 
 Section 2.19 Prepayment Premium. The
Borrower shall compensate each Lender for prepayment of the Loans, together with any applicable prepayment, (a) on or prior to the first anniversary of the Closing Date in an amount equal to two percent (2.0%) of such prepayment and
(b) after the first anniversary of the Closing Date but prior to the second anniversary of the Closing Date in an amount equal to one percent (1.0%) of such prepayment. 
 ARTICLE III 
 CONDITIONS TO LOANS 
 Section 3.1 Conditions Precedent to Loans. The obligation of each Lender to make any Loan on the Closing Date is subject to the
satisfaction or due waiver of each of the following conditions precedent: 
 (a) Certain Documents. The Administrative Agent shall
have received on or prior to the Closing Date each of the following, each dated the Closing Date unless otherwise agreed by the Administrative Agent, in form and substance satisfactory to the Administrative Agent and each Lender: 
 (i) this Agreement duly executed by Holdings and the Borrower and, for the account of each Lender having requested the same by notice to
the Administrative Agent and the Borrower received by each at least 3 Business Days prior to the Closing Date (or such later date as may be agreed by the Borrower), Notes conforming to the requirements set forth in Section 2.14(e);

  

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 (ii) the Guaranty and Security Agreement, duly executed by Borrower and each Guarantor,
together with (A) copies of UCC, Intellectual Property and other appropriate search reports and of all effective prior filings listed therein, together with evidence of the termination of such prior filings and other documents with respect to
the priority of the security interest of the Administrative Agent in the Collateral, in each case as may be reasonably requested by the Administrative Agent, (B) all documents representing all Securities being pledged pursuant to such Guaranty
and Security Agreement and related undated powers or endorsements duly executed in blank and (C) all Control Agreements that, in the reasonable judgment of the Administrative Agent, are required for the Loan Parties to comply with the Loan
Documents as of the Closing Date, each duly executed by, in addition to the applicable Loan Party, the applicable financial institution; 
 (iii) duly executed favorable opinions of counsel to the Loan Parties in New York, each addressed to the Administrative Agent and the Lenders and addressing such matters as the Administrative Agent may reasonably
request; 
 (iv) a copy of each Constituent Document of each Loan Party that is on file with any Governmental Authority in any
jurisdiction, certified as of a recent date by such Governmental Authority, together with, if applicable, certificates attesting to the good standing of such Loan Party in such jurisdiction and each other jurisdiction where such Loan Party is
qualified to do business as a foreign entity or where such qualification is necessary (and, if appropriate in any such jurisdiction, related tax certificates); 
 (v) a certificate of the secretary or other officer of each Loan Party in charge of maintaining books and records of such Loan Party
certifying as to (A) the names and signatures of each officer of such Loan Party authorized to execute and deliver any Loan Document, (B) the Constituent Documents of such Loan Party attached to such certificate are complete and correct
copies of such Constituent Documents as in effect on the date of such certification (or, for any such Constituent Document delivered pursuant to clause (v) above, that there have been no changes from such Constituent Document so
delivered) and (C) the resolutions of such Loan Party’s board of directors or other appropriate governing body approving and authorizing the execution, delivery and performance of each Loan Document to which such Loan Party is a party;

 (vi) a certificate of a Responsible Officer of the Borrower to the effect that (A) each condition set forth in
Section 3.2(b) has been satisfied, (B) both the Loan Parties, taken as a whole, and the Borrower, individually, are Solvent after giving effect to the Loans, the consummation of the Related Transactions, the application of the
proceeds thereof in accordance with Section 7.9 and the payment of all estimated legal, accounting and other fees and expenses related hereto and thereto, (C) attached thereto are complete and correct copies of each Related Document
(other than the payoff letter for the Existing Credit Agreement) and (D) attached thereto are calculations demonstrating a pro forma Consolidated Leverage Ratio of Holdings, after giving effect to the Related Transactions and the initial
fundings hereunder, of not greater than 6.04 to 1.0; 
  

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 (vii) the Intercreditor Agreement duly executed by the Borrower, Holdings, the First Lien
Agent and the Administrative Agent; 
 (viii) the Assignment of Representations duly executed by the Borrower, MSNH and the
Merger Sub and consented to by the Acquired Company; 
 (ix) insurance certificates in form and substance satisfactory to the
Administrative Agent demonstrating that the insurance policies required by Section 7.5 are in full force and effect and have all endorsements required by such Section 7.5; and 
 (x) such other documents and information as any Lender through the Administrative Agent may reasonably request. 
 (b) Fee and Expenses. There shall have been paid to the Administrative Agent, for the account of the Administrative Agent, its Related Persons or
any Lender, as the case may be, all fees and all reimbursements of costs or expenses, in each case due and payable under any Loan Document on or before the Closing Date. 
 (c) Consents. Each Group Member 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 in connection with the consummation of the transactions contemplated in any Loan Document or Related Document (including the Related
Transactions). 
 (d) Related Transactions. The Administrative Agent shall be satisfied that, subject only to the funding of the
initial Loans hereunder and the use of proceeds thereof, (i) as certified to the Administrative Agent, all conditions precedent to the consummation of the Acquisition will have been satisfied or duly waived with the consent of the
Administrative Agent and the Acquisition will have been consummated in accordance with the Acquisition Agreement and the surviving entity has executed each Loan Document as of the Closing Date by acknowledging and agreeing thereto, (ii) all
obligations under the Existing Credit Agreement will have been repaid in full, as evidenced by a payoff letter duly executed and delivered by the Borrower and the Existing Agent, and (iii) all conditions precedent to the consummation of the
First Lien Facility will have been satisfied or duly waived with the consent of the Administrative Agent and the initial loans thereunder shall have been funded. 
 Section 3.2 Determinations of Borrowing Conditions. For purposes of determining compliance with the conditions specified in Section 3.1, each Lender shall be deemed to be satisfied with each
document and each other matter required to be satisfactory to such Lender unless, prior to the Closing Date, the Administrative Agent receives notice from such Lender specifying such Lender’s objections and such Lender has not made available
its Pro Rata Share of the Term Loans. 
  

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 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 To induce the Lenders and the Administrative Agent to enter into the Loan
Documents, each of Holdings and the Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) represents and warrants to each of them each of the following: 
 Section 4.1 Corporate Existence; Compliance with Law. Each Group Member (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 property, to lease or sublease any property it
operates under lease or sublease and to conduct its business as now or currently proposed to be conducted, (d) is in compliance with its Constituent Documents, (e) is in compliance with all applicable Requirements of Law except where the
failure to be in compliance would not 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, lease, sublease, operation, occupation or conduct of business, except where the failure to obtain such Permits, make such filings or give such notices would not, in the aggregate, have a Material Adverse
Effect. 
 Section 4.2 Loan and Related Documents. (a) Power and Authority. The execution, delivery and performance
by each Loan Party of the Loan Documents and Related Documents to which it is a party and the consummation of the Related Transactions and other transactions contemplated therein (i) are within such Loan Party’s corporate or similar powers
and, at the time of execution thereof, have been duly authorized by all necessary corporate and similar action (including, if applicable, consent of holders of its Securities), (ii) do not (A) contravene such Loan Party’s Constituent
Documents, (B) violate any applicable Requirement of Law, (C) conflict with, contravene, constitute a default or breach under, or result in or permit the termination or acceleration of, any Contractual Obligation of any Loan Party or any
of its Subsidiaries (including other Related Documents or Loan Documents) other than, in the case of this clause (C), those that would not, in the aggregate, have a Material Adverse Effect and are not created or caused by, or a conflict,
breach, default or termination or acceleration event under, any Loan Document or (D) result in the imposition of any Lien (other than a Permitted Lien) upon any property of any Loan Party or any of its Subsidiaries and (iii) do not require
any Permit of, or filing with, any Governmental Authority or any consent of, or notice to, any Person, other than (A) with respect to the Loan Documents, the filings required to perfect the Liens created by the Loan Documents, (B) those
listed on Schedule 4.2 and that have been, or will be prior to the Closing Date, obtained or made, copies of which have been, or will be prior to the Closing Date, delivered to the Administrative Agent, and each of which on the Closing
Date will be in full force and effect and (C) with respect to the Acquisition, those that, if not obtained, would not, in the aggregate, have a Material Adverse Effect. 
 (b) Due Execution and Delivery. From and after its delivery to the Administrative Agent, each Loan Document and Related Document has been duly
executed and delivered to the other parties thereto by each Loan Party party thereto, is the legal, valid and binding obligation of such Loan Party and is enforceable against such Loan Party in accordance with its terms. 
  

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 (c) Related Documents. Each representation and warranty by a Loan Party in each Related Document
is true and correct in all material respects and no default, or event that, with the giving of notice or lapse of time or both, would constitute a default, has occurred thereunder. As of the Closing Date, all applicable waiting periods in connection
with the Acquisition have expired or have been terminated without any action being taken by any Governmental Authority (including any requisite waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvements Act of
1976). 
 Section 4.3 Ownership of Group Members. Set forth on Schedule 4.3 is a complete and accurate list
showing, as of the Closing Date after giving effect to the Acquisition, for each Group Member and each Subsidiary of any Group Member and each joint venture of any of them, its jurisdiction of organization, the number of shares of each class of
Stock authorized (if applicable), the number outstanding on the Closing Date and the number and percentage of the outstanding shares of each such class owned (directly or indirectly) by the Borrower or Holdings. All outstanding Stock of each of them
has been validly issued, is fully paid and non-assessable (to the extent applicable) and, except in the case of Holdings, is owned beneficially and of record by a Group Member (or, in the case of the Borrower, by MSH) free and clear of all Liens
other than the security interests created by the Loan Documents and, in the case of joint ventures, Permitted Liens. There are no Stock Equivalents with respect to the Stock of any Group Member (other than Holdings) or any Subsidiary of any Group
Member or any joint venture of any of them and, as of the Closing Date, except as set forth on Schedule 4.3, there are no Stock Equivalents with respect to the Stock of Holdings. There are no Contractual Obligations or other
understandings to which any Group Member, any Subsidiary of any Group Member or any joint venture of any of them is a party with respect to (including any restriction on) the issuance, voting, Sale or pledge of any Stock or Stock Equivalent of any
Group Member or any such Subsidiary or joint venture. 
 Section 4.4 Financial Statements. (a) Each of (i) the
audited Consolidated balance sheet of Holdings and Acquired Company as at December 31, 2006 and the related Consolidated statements of income, retained earnings and cash flows of Holdings and Acquired Company for the Fiscal Year then ended,
certified by Ernst & Young, and (ii) subject to the absence of footnote disclosure and normal recurring year-end audit adjustments, the unaudited Consolidated balance sheets of Holdings and Acquired Company as of, on or about
April 30, 2007 and the related Consolidated statements of income, retained earnings and cash flows of Holdings and Acquired Company for the four months then ended, copies of each of which have been furnished to the Administrative Agent, fairly
present in all material respects the Consolidated financial position, results of operations and cash flow of the Acquired Company as at the dates indicated and for the periods indicated in accordance with GAAP. 
 (b) (i) On the Closing Date neither Holdings nor any of its Subsidiaries has any material liability or other obligation (including Indebtedness, Guaranty
Obligations, contingent liabilities and liabilities for taxes, long-term leases and unusual forward or long-term commitments) 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 and (ii) since the date of the unaudited Financial Statements referenced in clause (a)(ii) above, there has been no Sale of any material property of the Acquired Company and its Subsidiaries and
no purchase or other acquisition of any material property, other than in connection with the Acquisition Agreement. 
  

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 (c) The Initial Projections have been prepared by the Borrower in light of the past operations of the
business of the Acquired Company and its Subsidiaries and reflect projections for the seven year period beginning on January 1, 2007 on a quarterly basis for the first year and on a year-by-year basis thereafter. As of the Closing Date, the
Initial Projections are based upon estimates and assumptions stated therein, all of which the Borrower believes to be reasonable and fair in light of conditions and facts known to the Borrower as of the Closing Date and reflect the good faith,
reasonable and fair estimates by the Borrower of the future Consolidated financial performance of Holdings and the other information projected therein for the periods set forth therein. 
 (d) The unaudited Consolidated balance sheet of Holdings (the “Pro Forma Balance Sheet”) delivered to the Administrative Agent prior to
the date hereof, has been prepared as of, on or about April 30, 2007 and reflects as of such date, on a Pro Forma Basis for the Related Transactions and the other transactions contemplated herein to occur on the Closing Date, the Consolidated
financial condition of Holdings, and the assumptions expressed therein are reasonable based on the information available to Holdings and the Borrower at such date and on the Closing Date. 
 Section 4.5 Material Adverse Effect. Since December 31, 2006 there have been no events, circumstances, developments or other changes
in facts that would, in the aggregate, have a Material Adverse Effect. 
 Section 4.6 Solvency. Both before and after giving
effect to (a) the Loans made on or prior to the date this representation and warranty is made, (b) the disbursement of the proceeds of such Loans, (c) the consummation of the Related Transactions and (d) the payment and accrual
of all transaction costs in connection with the foregoing, both the Loan Parties taken as a whole and the Borrower are Solvent. 
 Section
4.7 Litigation. Except as set forth on Schedule 4.7 hereof, there are no pending (or, to the knowledge of any Group Member, threatened) actions, investigations, suits, proceedings, audits, claims, demands, orders or disputes affecting the
Borrower or any of its Subsidiaries with, by or before any Governmental Authority other than those that cannot reasonably be expected to affect the Obligations, the Loan Documents, the Related Documents, the Related Transactions and the other
transactions contemplated therein and would not, in the aggregate, have a Material Adverse Effect. 
 Section 4.8 Taxes. Except
as set forth on Schedule 4.8 hereof, 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 any Tax Affiliate 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 Liability may be added thereto for non-payment thereof except for those contested in good faith by appropriate proceedings diligently conducted and for
which adequate reserves are maintained on the books of the appropriate Tax Affiliate in accordance with GAAP. No Tax Return is under audit or examination by any Governmental 

  

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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. Proper
and accurate amounts have been withheld by each Tax Affiliate from their respective employees for all periods in full and complete compliance 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. No Tax Affiliate has participated in a “reportable transaction” within the meaning of Treasury Regulation Section 1.6011-4(b) or has been a member of
an affiliated, combined or unitary group other than the group of which a Tax Affiliate is the common parent. 
 Section 4.9 Margin
Regulations. The Borrower is not engaged in the business of extending credit for the purpose of, and no proceeds of any Loan or other extensions of credit hereunder will be used for the purpose of, buying or carrying margin stock (within the
meaning of Regulation U of the Federal Reserve Board) or extending credit to others for the purpose of purchasing or carrying any such margin stock, in each case in contravention of Regulation T, U or X of the Federal Reserve Board. 
 Section 4.10 No Burdensome Obligations; No Defaults. No Group Member is a party to any Contractual Obligation, no Group Member has
Constituent Documents containing obligations, and, to the knowledge of any Group Member, there are no applicable Requirements of Law, in each case the compliance with which would have, in the aggregate, a Material Adverse Effect. No Group Member
(and, to the knowledge of each Group Member, no other party thereto) is in default under or with respect to any Contractual Obligation of any Group Member, other than those that would not, in the aggregate, have a Material Adverse Effect.

 Section 4.11 Investment Company Act. No Group Member is 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. 
 Section 4.12 Labor Matters. There are no strikes, work stoppages, slowdowns or lockouts existing, pending (or, to the knowledge of any
Group Member, threatened) against or involving any Group Member, except, for those that would not, in the aggregate, have a Material Adverse Effect. Except as set forth on Schedule 4.12, as of the Closing Date, (a) there is no
collective bargaining or similar agreement with any union, labor organization, works council or similar representative covering any employee of any Group Member, (b) no petition for certification or election of any such representative is
existing or pending with respect to any employee of any Group Member and (c) no such representative has sought certification or recognition with respect to any employee of any Group Member. 
 Section 4.13 ERISA. Schedule 4.13 sets forth, as of the Closing Date, a complete and correct list of, and that separately
identifies, (a) all Title IV Plans, (b) all Multiemployer Plans and (c) all material Benefit Plans. Each Benefit Plan, and each trust thereunder, intended to qualify for tax exempt status under Section 401 or 501 of the Code or
other Requirements of Law so qualifies. Except for those that would not, in the aggregate, have a Material Adverse Effect, (x) each Benefit Plan is in compliance with applicable provisions of ERISA, the Code and other Requirements of Law,
(y) there are no existing or pending (or to the knowledge of any Group Member, threatened) claims (other than routine claims for benefits in the normal course), sanctions, actions, lawsuits or other proceedings or investigations involving any
Benefit Plan to which any Group Member incurs or otherwise has or could have an obligation or any Liability and (z) no ERISA Event is reasonably expected to occur. On the Closing Date, no ERISA Event has 

  

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occurred in connection with which obligations and liabilities (contingent or otherwise) remain outstanding. No ERISA Affiliate would have any Withdrawal
Liability as a result of a complete withdrawal from any Multiemployer Plan on the date this representation is made. 
 Section 4.14
Environmental Matters. To the knowledge of Holdings and the Borrower, except as set forth on Schedule 4.14, (a) the operations of each Group Member are and have been in compliance with all applicable Environmental Laws,
including obtaining, maintaining and complying with all Permits required by any applicable Environmental Law, other than non-compliances that, in the aggregate, would not have a reasonable likelihood of resulting in Material Environmental
Liabilities, (b) no Group Member is party to, and no Group Member and no real property currently (or to the knowledge of any Group Member previously) owned, leased, subleased, operated or otherwise occupied by or for any Group Member is subject
to or the subject of, any Contractual Obligation or any pending (or, to the knowledge of any Group Member, threatened) order, action, investigation, suit, proceeding, audit, claim, demand, dispute or notice of violation or of potential liability or
similar notice under or pursuant to any Environmental Law other than those that, in the aggregate, are not reasonably likely to result in Material Environmental Liabilities, (c) no Lien in favor of any Governmental Authority securing, in whole
or in part, Environmental Liabilities has attached to any property of any Group Member and, to the knowledge of any Group Member, no facts, circumstances or conditions exist that could reasonably be expected to result in any such Lien attaching to
any such property, (d) no Group Member has caused or suffered to occur a Release of Hazardous Materials at, to or from any real property of any Group Member and each such real property is free of contamination by any Hazardous Materials except
for such Release or contamination that could not reasonably be expected to result, in the aggregate, in Material Environmental Liabilities, (e) no Group Member (i) is or has been engaged in, or has permitted any current or former tenant to
engage in, operations, or (ii) knows of any facts, circumstances or conditions, including receipt of any information request or notice of potential responsibility under CERCLA or similar Environmental Laws, that, in the aggregate, would have a
reasonable likelihood of resulting in Material Environmental Liabilities and (f) each Group Member has made available to the Administrative Agent copies of all existing environmental reports, reviews and audits and all documents pertaining to
actual or potential Environmental Liabilities, in each case to the extent such reports, reviews, audits and documents are in their possession, custody or control. 
 Section 4.15 Intellectual Property. Each Group Member owns or licenses all Intellectual Property that is necessary for the operations of its businesses. To the knowledge of each Group Member,
(a) the conduct and operations of the businesses of each Group Member does not infringe, misappropriate, dilute, violate or otherwise impair any Intellectual Property owned by any other Person and (b) no other Person has contested any
right, title or interest of any Group Member in, or relating to, any Intellectual Property, other than, in each case, as cannot reasonably be expected to affect the Loan Documents and the transactions contemplated therein and would not, in the
aggregate, have a Material Adverse Effect. In addition, (x) there are no pending (or, to the knowledge of any Group Member, threatened) actions, investigations, suits, proceedings, audits, claims, demands, orders or disputes affecting any Group
Member with respect to, (y) no judgment or order regarding any such claim has been rendered by any competent Governmental Authority, no settlement agreement or similar Contractual Obligation has been entered into by any Group Member, with
respect to and (z) no Group Member knows or has any reason to know of any valid basis for any claim based on, any such infringement, misappropriation, dilution, violation or impairment or contest, other than, in each case, as cannot reasonably
be expected to affect the Loan Documents and the transactions contemplated therein and would not, in the aggregate, have a Material Adverse Effect. 
  

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 Section 4.16 Title; Real Property. (a) Each Group Member has good and marketable fee
simple title to all owned real property and valid leasehold interests in all leased real property, and owns 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 property is subject to any Lien except Permitted Liens. 
 (b) Set forth on
Schedule 4.16 is, as of the Closing Date, after giving effect to the Related Transactions, (i) a complete and accurate list of all real property owned in fee simple by any Group Member or in which any Group Member owns a leasehold
interest setting forth, for each such real property, the current street address (including, where applicable, county, state and other relevant jurisdictions), the record owner thereof and, where applicable, each lessee and sublessee thereof,
(ii) any lease, sublease, license or sublicense of such real property by any Group Member and (iii) for each such real property that the Administrative Agent has requested be subject to a Mortgage or that is otherwise material to the
business of any Group Member, each Contractual Obligation by any Group Member, whether contingent or otherwise, to Sell such real property. 
 Section 4.17 Full Disclosure. The information prepared or furnished by or on behalf of any Group Member in connection with any Loan Document or Related Document (including the information contained in any Financial Statement
or Disclosure Document) or the consummation of any Related Transaction or any other transaction contemplated therein, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
contained therein, in light of the circumstances when made, not misleading; provided, however, that projections contained therein are not to be viewed as factual and that actual results during the periods covered thereby may differ
from the results set forth in such projections by a material amount. All projections that are part of such information (including those set forth in any Projections delivered subsequent to the Closing Date) are based upon good faith estimates and
stated assumptions believed to be reasonable and fair as of the date made in light of conditions and facts then known and, as of such date, reflect good faith, reasonable and fair estimates of the information projected for the periods set forth
therein. All facts known to any Group Member and material to an understanding of the financial condition, business, property or prospects of the Group Member taken as one enterprise have been disclosed to the Lenders. 
 Section 4.18 Patriot Act. No Group Member (and, to the knowledge of each Group Member, no joint venture or subsidiary thereof) is in
violation in any material respects of any United States Requirements of Law relating to terrorism, sanctions or money laundering (the “Anti-Terrorism Laws”), including the United States Executive Order No. 13224 on Terrorist Financing
(the “Anti-Terrorism Order”) and the Patriot Act. 
  

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 ARTICLE V 
 FINANCIAL COVENANTS 
 Each of Holdings and the Borrower (and, to the extent set forth in any other Loan
Document, each other Loan Party) agrees with the Lenders and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 5.1 Maximum Consolidated Leverage Ratio. Holdings shall not have, on the last day of each Fiscal Quarter set forth below, a
Consolidated Leverage Ratio greater than the maximum ratio set forth opposite such Fiscal Quarter: 
  

			
	 FISCAL QUARTER ENDING
 ON OR ABOUT
	  	 MAXIMUM CONSOLIDATED
 LEVERAGE RATIO

		
	 September 30, 2007
	  	6.90 to 1
		
	 December 31, 2007
	  	6.90 to 1
		
	 March 31, 2008
	  	6.90 to 1
		
	 June 30, 2008
	  	6.61 to 1
		
	 September 30, 2008
	  	6.04 to 1
		
	 December 31, 2008
	  	5.46 to 1
		
	 March 31, 2009
	  	5.12 to 1
		
	 June 30, 2009
	  	4.77 to 1
		
	 September 30, 2009
	  	4.43 to 1
		
	 December 31, 2009 and each
 Fiscal Quarter thereafter
	  	4.03 to 1

 Section 5.2 Minimum Consolidated Fixed Charge Coverage Ratio. Holdings shall not
have, on the last day of each Fiscal Quarter set forth below, a Consolidated Fixed Charge Coverage Ratio for the 4 Fiscal Quarter period ending on such day of less than the minimum ratio set forth opposite such Fiscal Quarter: 
  

			
	 FISCAL QUARTER ENDING
 ON OR ABOUT
	  	 MINIMUM CONSOLIDATED FIXED
 CHARGE COVERAGE RATIO

		
	 September 30, 2007
	  	1.19 to 1
		
	 December 31, 2007
	  	1.19 to 1
		
	 March 31, 2008
	  	1.28 to 1
		
	 June 30, 2008
	  	1.28 to 1
		
	 September 30, 2008
	  	1.40 to 1
		
	 December 31, 2008
	  	1.40 to 1
		
	 March 31, 2009
	  	1.49 to 1
		
	 June 30, 2009
	  	1.57 to 1
		
	 September 30, 2009
	  	1.66 to 1
		
	 December 31, 2009 and each
 Fiscal Quarter thereafter
	  	1.70 to 1

  

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 Section 5.3 Capital Expenditures. The Group Members shall not incur, or permit to be
incurred, Capital Expenditures in the aggregate during each Fiscal Year set forth below in excess of the maximum amount set forth below for such Fiscal Year: 
  

				
	 FISCAL YEAR ENDING
	  	MAXIMUM CAPITAL
EXPENDITURES
	 Fiscal Year 2007
	  	$	6,325,000
	 Fiscal Year 2008
	  	$	6,900,000
	 Fiscal Year 2009
	  	$	7,817,500
	 Fiscal Year 2010
	  	$	7,762,500
	 Fiscal Year 2011
	  	$	8,050,000
	 Fiscal Year 2012
	  	$	8,337,500

 provided, however, that, to the extent that actual Capital Expenditures incurred in any such Fiscal
Year shall be less than the maximum amount set forth above for such Fiscal Year (without giving effect to the carryover permitted by this proviso), 100% of the difference between such stated maximum amount and such actual Capital Expenditures shall,
in addition to any amount permitted above, be available for Capital Expenditures in the next succeeding Fiscal Year; and provided, further, that any Capital Expenditures incurred in any Fiscal Year shall be deemed to have been incurred
first, in respect of any amount permitted solely by reason of the preceding proviso and then, in respect of amounts permitted pursuant to this Section 5.3 without giving effect to the preceding proviso. 
 ARTICLE VI 
 REPORTING COVENANTS 
 Each of Holdings and the Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) agrees with the Lenders and the
Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 6.1
Financial Statements. The Borrower shall deliver to the Administrative Agent, for delivery to each Lender, each of the following: 
 (a) Quarterly Reports. As soon as available, and in any event within 65 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, the Consolidated unaudited balance sheet of Holdings as of the close of such
Fiscal Quarter and related Consolidated statements of income and cash flow for such Fiscal Quarter and that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, setting forth in comparative form the figures for the corresponding
period in the prior Fiscal Year and the figures 

  

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contained in the latest Projections, in each case certified by a Responsible Officer of the Borrower as fairly presenting in all material respects the
Consolidated financial position, results of operations and cash flow of Holdings as at the dates indicated and for the periods indicated in accordance with GAAP (subject to the absence of footnote disclosure and normal year-end audit adjustments).

 (b) Annual Reports. As soon as available, and in any event within 120 days after the end of each Fiscal Year, (i) the
Consolidated balance sheet of Holdings as of the end of such year and related Consolidated statements of income, stockholders’ equity and cash flow for such Fiscal Year, each prepared in accordance with GAAP, together with (ii) a
certification by the Group Members’ Accountants that (A) such Consolidated Financial Statements fairly present in all material respects the Consolidated financial position, results of operations and cash flow of Holdings as at the dates
indicated and for the periods indicated therein in accordance with GAAP without qualification as to the scope of the audit or as to going concern and without any other similar qualification and (B) in the course of the regular audit of the
businesses of the Group Members, which audit was conducted in accordance with GAAP, such Group Members’ Accountants have obtained no knowledge that a Default in respect of any financial covenant contained in Article V is continuing
or, if in the opinion of the Group Members’ Accountants such a Default is continuing, a statement as to the nature thereof. 
 (c)
Compliance Certificate. Together with each delivery of any Financial Statement pursuant to clause (a) or (b) above, a Compliance Certificate duly executed by a Responsible Officer of Holdings that, among other things,
(i) shows in reasonable detail the calculations used in determining the Consolidated Leverage Ratio and, if delivered together with any Financial Statement pursuant to clause (b) above, the calculations used in determining Excess
Cash Flow, (ii) demonstrates compliance with each financial covenant contained in Article V that is tested at least on a quarterly basis and (iii) states that no Default is continuing as of the date of delivery of such
Compliance Certificate or, if a Default is continuing, states the nature thereof and the action that the Borrower proposes to take with respect thereto. 
 (d) Corporate Chart and Other Collateral Updates. As part of the Compliance Certificate delivered with the financial statements required by clause (b) above, each in form and substance satisfactory
to the Administrative Agent, a certificate by a Responsible Officer of the Borrower that (i) the Corporate Chart attached thereto (or the last Corporate Chart delivered pursuant to this clause (d)) is correct and complete as of the date
of such Compliance Certificate, (ii) the Loan Parties have delivered all documents (including updated schedules as to locations of Collateral and acquisition of Intellectual Property or real property) they are required to deliver pursuant to
any Loan Document on or prior to the date of delivery of such Compliance Certificate and (iii) complete and correct copies of all documents modifying any term of any Constituent Document of any Group Member or any Subsidiary or joint venture
thereof on or prior to the date of delivery of such Compliance Certificate have been delivered to the Administrative Agent or are attached to such certificate. 
 (e) Budget. As soon as available and in any event not later than 45 days after the beginning of each Fiscal Year, a detailed Consolidated budget of the Borrower for such Fiscal Year, including, on a quarter by
quarter basis, a projected year-end Consolidated balance sheet, income statement and statement of cash flows and a summary of the underlying material assumptions with respect thereto (collectively, the “Budget”), and, as soon as
available, significant revisions, if any, of such Budget, which Budget or revisions thereto shall in each case be accompanied by the statement of a Responsible Officer of the Borrower to the effect that, to the best of his knowledge, the Budget is a
reasonable estimate for the period covered thereby. 
  

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 (f) Management Discussion and Analysis. Together with each delivery of any Compliance Certificate
with the financial statements required by clause (c) above, a discussion and analysis of the financial condition and results of operations of the Group Members for the portion of the Fiscal Year then elapsed and discussing the reasons
for any significant variations from the Projections for such period and the figures for the corresponding period in the previous Fiscal Year. 
 (g) Intercompany Loan Balances. Together with each delivery of any Compliance Certificate with the financial statements required by clause (b) above, a summary of the outstanding balances of all intercompany Indebtedness
as of the last day of the Fiscal Year then elapsed, certified as complete and correct by a Responsible Officer of the Borrower as part of the Compliance Certificate delivered in connection with such Financial Statements. 
 (h) Audit Reports, Management Letters, Etc. Together with each delivery of any Financial Statement for any Fiscal Year pursuant to clause
(b) above, copies of each management letter, audit report or similar letter or report received by any Group Member from any independent registered certified public accountant (including the Group Members’ Accountants) in connection
with such Financial Statements or any audit thereof, each certified to be complete and correct copies by a Responsible Officer of the Borrower as part of the Compliance Certificate delivered in connection with such Financial Statements. 

(i) Insurance. Together with each delivery of any Financial Statement for any Fiscal Year pursuant to clause (c) above, each in
form and substance satisfactory to the Administrative Agent and certified as complete and correct by a Responsible Officer of the Borrower as part of the Compliance Certificate delivered in connection with such Financial Statements, a summary of all
material insurance coverage maintained as of the date thereof by any Group Member, together with such other related documents and information as the Administrative Agent may reasonably require. 
 Section 6.2 Other Events. The Borrower shall give the Administrative Agent, for delivery to each Lender, notice of each of the following
(which may be made by telephone if promptly confirmed in writing) promptly after any Responsible Officer of any Group Member knows or has reason to know of it: (a)(i) any Default and (ii) any event that would have a Material Adverse Effect,
specifying, in each case, the nature and anticipated effect thereof and any action proposed to be taken in connection therewith, (b) any event (other than any event involving loss or damage to property) reasonably expected to result in a
mandatory payment of the Obligations pursuant to Section 2.8, stating the material terms and conditions of such transaction and estimating the Net Cash Proceeds thereof, (c) the commencement of, or any material developments in, any
action, investigation, suit, proceeding, audit, claim, demand, order or dispute with, by or before any Governmental Authority affecting any Group Member or any property of any Group Member that (i) seeks to enjoin any Group Member, (ii) in
the reasonable judgment of the Borrower, exposes any Group Member to liability in an aggregate amount in excess of $1,150,000 or (iii) would be reasonably likely to have a Material Adverse Effect and (d) the acquisition of any material
real property or the entering into any material lease. 
  

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 Section 6.3 Copies of Notices and Reports. The Borrower shall promptly deliver to the
Administrative Agent, for delivery to each Lender, copies of each of the following: (a) all reports that Holdings transmits to its security holders generally, (b) all documents that any Group Member files with the Securities and Exchange
Commission, the National Association of Securities Dealers, Inc., any securities exchange or any Governmental Authority exercising similar functions, (c) all press releases not made available directly to the general public, (d) any
material documents transmitted or received pursuant to, or in connection with, any Related Document and (e) any material document transmitted or received pursuant to, or in connection with, any Contractual Obligation governing Indebtedness
having a principal amount of $3,450,000 or more of any Group Member. Documents required to be delivered pursuant to this Section 6.3, if delivered electronically and notice is promptly provided to Administrative Agent, shall be deemed to
be delivered on the date on which such documents are filed for public availability on the Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval (EDGAR) system. 
 Section 6.4 Taxes. The Borrower shall give the Administrative Agent, for delivery to each Lender, notice of each of the following (which
may be made by telephone if promptly confirmed in writing) promptly after any Responsible Officer of any Group Member knows or has reason to know of it: (a) the creation, or filing with the IRS or any other Governmental Authority, of any
Contractual Obligation or other document extending, or having the effect of extending, the period for assessment or collection of any taxes with respect to any Tax Affiliate and (b) the creation of any Contractual Obligation of any Tax
Affiliate, or the receipt of any request directed to any Tax Affiliate, to make any adjustment under Section 481(a) of the Code, by reason of a change in accounting method or otherwise, which would have a Material Adverse Effect. 
 Section 6.5 Labor Matters. The Borrower shall give the Administrative Agent, for delivery to each Lender, notice of each of the following
(which may be made by telephone if promptly confirmed in writing), promptly after, and in any event within 30 days after any Responsible Officer of any Group Member knows or has reason to know of it: (a) the commencement of any material labor
dispute to which any Group Member is or may become a party, including any strikes, lockouts or other disputes relating to any of such Person’s plants and other facilities and (b) the incurrence by any Group Member of any Worker Adjustment
and Retraining Notification Act or related or similar liability incurred with respect to the closing of any plant or other facility of any such Person (other than, in the case of this clause (b), those that would not, in the aggregate, have a
Material Adverse Effect). 
 Section 6.6 ERISA Matters. The Borrower shall give the Administrative Agent, for delivery to each
Lender, (a) on or prior to any filing by any ERISA Affiliate of any notice of intent to terminate any Title IV Plan, a copy of such notice and (b) promptly, and in any event within 10 days, after any Responsible Officer of 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 notice (which may be made by telephone if promptly
confirmed in writing) describing such waiver request and any action that any ERISA Affiliate proposes to take with respect thereto, together with a copy of any notice filed with the PBGC or the IRS pertaining thereto. 
  

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 Section 6.7 Environmental Matters. (a) The Borrower shall provide the Administrative
Agent, for delivery to each Lender, notice of each of the following (which may be made by telephone if promptly confirmed by the Administrative Agent in writing) promptly after any Responsible Officer of any Group Member knows or has reason to know
of it (and, upon reasonable request of the Administrative Agent, or any Lender through the Administrative Agent, documents and information in connection therewith): (i)(A) unpermitted Releases, (B) the receipt by any Group Member of any
notice of violation of or potential liability or similar notice under, or the existence of any condition that could reasonably be expected to result in violations of or liabilities under, any Environmental Law or (C) the commencement of, or any
material change to, any action, investigation, suit, proceeding, audit, claim, demand, dispute alleging a violation of or liability under any Environmental Law, that, for each of clauses (A), (B) and (C) above (and, in
the case of clause (C), if adversely determined), in the aggregate for each such clause, could reasonably be expected to result in Environmental Liabilities in excess of $575,000, (ii) the receipt by any Group Member of notification
that any property of any Group Member is subject to any Lien in favor of any Governmental Authority securing, in whole or in part, Environmental Liabilities and (iii) any proposed acquisition or lease of real property (except as part of any
Permitted Acquisition) if such acquisition or lease would have a reasonable likelihood of resulting in aggregate Environmental Liabilities in excess of $575,000. 
 (b) Upon request of the Administrative Agent or any Lender through the Administrative Agent, the Borrower shall provide the Administrative Agent a report containing an update as to the status of any environmental,
health or safety compliance, hazard or liability issue identified in any document delivered to any Secured Party pursuant to any Loan Document or as to any condition reasonably believed by the Administrative Agent to result in material Environmental
Liabilities. 
 Section 6.8 Other Information. The Borrower shall provide the Administrative Agent, for delivery to each
Lender, with such other documents and information with respect to the business, property, condition (financial or otherwise), legal, financial or corporate or similar affairs or operations of any Group Member as the Administrative Agent or any
Lender through the Administrative Agent may from time to time reasonably request. 
 Section 6.9 Confidential Health
Information. Notwithstanding anything in this Agreement to the contrary, the Loan Parties agree that they will not distribute or share confidential health information with the Administrative Agent or any Lender if the sharing or distribution of
such information to the Administrative Agent or such Lender would be a violation of HIPAA and the Loan Parties further agree to identify any such health information and protect the Administrative Agent and the Lenders from the receipt thereof;
provided that the Administrative Agent or any Lender shall have the right to receive confidential health information if the Administrative Agent or such Lender executes a business associate agreement in form and substance satisfactory to the
Administrative Agent. 
 ARTICLE VII 
 AFFIRMATIVE COVENANTS 
 Each of Holdings and the Borrower (and, to the extent set forth in any other Loan Document, each other Loan
Party) agrees with the Lenders and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 7.1 Maintenance of Corporate Existence. Each Group Member shall (a) preserve and maintain its legal existence, except in connection with the consummation of transactions expressly permitted
by Sections 8.4 and 8.7, and (b) preserve and maintain its rights (charter and statutory), privileges, franchises and Permits necessary or desirable in the conduct of its business, except, in the case of this clause (b),
where the failure to do so would not, in the aggregate, have a Material Adverse Effect. 
  

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 Section 7.2 Compliance with Laws, Etc. Each Group Member shall comply with all applicable
Requirements of Law, Contractual Obligations and Permits, except for such failures to comply that would not, in the aggregate, have a Material Adverse Effect. 
 Section 7.3 Payment of Obligations. Each Group Member shall pay or discharge before they become delinquent (a) all material claims, taxes, assessments, charges and levies imposed by any Governmental
Authority and (b) all other material lawful claims that if unpaid would, by the operation of applicable Requirements of Law, become a Lien upon any property of any Group Member, except, in each case, for those whose amount or validity is being
contested in good faith by proper proceedings diligently conducted and for which adequate reserves are maintained on the books of the appropriate Group Member in accordance with GAAP. 
 Section 7.4 Maintenance of Property. Each Group Member shall maintain and preserve (a) in good working order and condition all of its
property necessary in the conduct of its business and (b) all rights, permits, licenses, approvals and privileges (including all Permits) necessary, used or useful, whether because of its ownership, lease, sublease or other operation or
occupation of property or other conduct of its business, and shall make all necessary or appropriate filings with, and give all required notices to, Government Authorities, except for such failures to maintain and preserve the items or to make such
filings and give such notices set forth in clauses (a) and (b) above that would not, in the aggregate, have a Material Adverse Effect. 
 Section 7.5 Maintenance of Insurance. Each Group Member shall (a) maintain or cause to be maintained in full force and effect policies of insurance of such kind with respect to the property and
businesses of the Group Members (including policies of life, fire, theft, product liability, public liability, property damage, other casualty, employee fidelity, workers’ compensation, business interruption and employee health and welfare
insurance) with financially sound and reputable insurance companies or associations (in each case that are not Affiliates of the Borrower) of a nature and providing such coverage as is customarily carried by businesses of the size and character of
the business of the Group Members and (b) cause all such insurance relating to any property or business of 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’ notice thereof to the Administrative Agent. 
 Section 7.6 Keeping of Books. The Group Members shall keep proper books of record and account, in which full, true and correct entries
shall be made in accordance with GAAP and all other applicable Requirements of Law of all financial transactions and the assets and business of each Group Member. 
  

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 Section 7.7 Access to Books and Property. Each Group Member shall permit (a) so long
as no Default or Event of Default then exists, the Administrative Agent and any Related Person of the Administrative Agent and (b) during the continuance of a Default or Event of Default, the Administrative Agent, the Lenders, or any Related
Person of any of them, at any reasonable time during normal business hours and with reasonable advance notice (except that, during the continuance of an Event of Default, no such notice shall be required) to (a) visit and inspect the property
of each Group Member and examine and make copies of and abstracts from, the corporate (and similar), financial, operating and other books and records of each Group Member, (b) discuss the affairs, finances and accounts of each Group Member with
any officer or director of any Group Member and (c) communicate directly with any registered certified public accountants (including the Group Members’ Accountants) of any Group Member; provided that, excluding any such visits and
inspections during the continuation of a Default or Event of Default (which shall be unlimited), the Administrative Agent and any Related Persons of the Administrative Agent shall not exercise such rights more often than one time in the aggregate in
any Fiscal Year, which shall be at the Lenders’ expense so long as no Default or Event of Default then exists. Each Group Member shall authorize their respective registered certified public accountants (including the Group Members’
Accountants) to communicate directly with the Administrative Agent, the Lenders and their Related Persons, as applicable, and to disclose to the Administrative Agent, the Lenders and their Related Persons, as applicable, all financial statements and
other documents and information as they might have and the Administrative Agent or any Lender reasonably requests with respect to any Group Member. 
 Section 7.8 Environmental. Each Group Member shall comply with, and maintain its real property, whether owned, leased, subleased or otherwise operated or occupied, in compliance with, all applicable Environmental Laws
(including by implementing any Remedial Action necessary to achieve such compliance or that is required by orders and directives of any Governmental Authority) except for failures to comply that would not, in the aggregate, have a Material Adverse
Effect. Without limiting the foregoing, if an Event of Default is continuing or if the Administrative Agent at any time has a reasonable basis to believe that there exist violations of Environmental Laws by any Group Member or that there exist any
Environmental Liabilities, in each case, that would have, in the aggregate, a Material Adverse Effect, then each Group Member shall, promptly upon receipt of request from the Administrative Agent, cause the performance of, and allow the
Administrative Agent and its Related Persons access to such real property for the purpose of conducting, such environmental audits and assessments, including subsurface sampling of soil and groundwater, and cause the preparation of such reports, in
each case as the Administrative Agent may from time to time reasonably request. Such audits, assessments and reports, to the extent not conducted by the Administrative Agent or any of its Related Persons, shall be conducted and prepared by reputable
environmental consulting firms reasonably acceptable to the Administrative Agent and shall be in form and substance reasonably acceptable to the Administrative Agent. 
 Section 7.9 Use of Proceeds. The proceeds of the Loans shall be used by the Borrower (and, to the extent distributed to them by the Borrower, each other Group Member) solely (a) to consummate the
Related Transactions and for the payment of related transaction costs, fees and expenses and (b) for the payment of transaction costs, fees and expenses incurred in connection with the Loan Documents and the transactions contemplated therein.

  

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 Section 7.10 Additional Collateral and Guaranties. To the extent not delivered to the
Administrative Agent on or before the Closing Date (including in respect of after-acquired property and Persons that become Subsidiaries of any Loan Party after the Closing Date), each Group Member shall, promptly, do each of the following, unless
otherwise agreed by the Administrative Agent: 
 (a) deliver to the Administrative Agent such modifications to the terms of the Loan
Documents (or, to the extent applicable as determined by the Administrative Agent, such other 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 the following: 
 (i) (A) each Subsidiary of any Loan Party that has entered into Guaranty
Obligations with respect to any Indebtedness of the Borrower and (B) each Wholly Owned Subsidiary of any Loan Party shall guaranty, as primary obligor and not as surety, the payment of the Obligations of the Borrower; and 
 (ii) each Loan Party (including any Person required to become a Guarantor pursuant to clause (i) above) shall effectively
grant to the Administrative Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in all of its property, including all of its Stock and Stock Equivalents and other Securities, as security for the Obligations of
such Loan Party; 
 provided, however, that, unless the Borrower and the Administrative Agent otherwise agree, in no event shall (x) any
Excluded Foreign Subsidiary be required to guaranty the payment of any Obligation, (y) the Loan Parties, individually or collectively, be required to pledge in excess of 66% of the outstanding Voting Stock of any Excluded Foreign Subsidiary or
(z) a security interest be required to be granted on any property of any Excluded Foreign Subsidiary as security for any Obligation; 
 (b) deliver to the Administrative Agent all documents representing all Stock, Stock Equivalents and other Securities pledged pursuant to the documents delivered pursuant to clause (a) above, together with undated powers or
endorsements duly executed in blank; 
 (c) upon request of the Administrative Agent, deliver to it a Mortgage on any real property owned by
any Loan Party with a fair market value in excess of $250,000 and on any of its material leases, together with all Mortgage Supporting Documents relating thereto (or, if such real property or the real property subject to such lease is located in a
jurisdiction outside the United States, similar documents deemed appropriate by the Administrative Agent to obtain the equivalent in such jurisdiction of a first-priority mortgage on such real property or lease); 
 (d) take all other actions necessary or advisable to ensure the validity or continuing validity of any guaranty for any Obligation or any Lien securing
any Obligation, to perfect, maintain, evidence or enforce any Lien securing any Obligation or ensure such Liens have the same priority as that of the Liens on similar Collateral set forth in the Loan Documents executed on the Closing Date (or, for
Collateral located outside the United States, a similar priority acceptable to the Administrative Agent), including the filing of UCC financing statements in such jurisdictions as may be required by the Loan Documents or applicable Requirements of
Law or as the Administrative Agent may otherwise reasonably request; and 
  

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 (e) deliver to the Administrative Agent legal opinions relating to the matters described in this
Section 7.10, which opinions shall be as reasonably required by, and in form and substance and from counsel reasonably satisfactory to, the Administrative Agent. 
 Section 7.11 Deposit Accounts; Securities Accounts and Cash Collateral Accounts. (a) Each Group Member (other than Excluded Foreign
Subsidiaries) shall (i) deposit all of its cash in deposit accounts that are Controlled Deposit Accounts, provided, however, that each Group Member may maintain zero-balance accounts for the purpose of managing local disbursements
and may maintain payroll, withholding tax and other fiduciary accounts, (ii) deposit all of its Cash Equivalents in securities accounts that are Controlled Securities Accounts, in each case except for cash and Cash Equivalents the aggregate
value of which does not exceed $50,000 at any time. 
 (b) The Administrative Agent shall not have any responsibility for, or bear any risk
of loss of, any investment or income of any funds in any Cash Collateral Account. From time to time after funds are deposited in any Cash Collateral Account, the Administrative Agent may apply funds then held in such Cash Collateral Account to the
payment of Obligations in accordance with Section 2.12. To the extent an Event of Default shall have occurred and is continuing, no Group Member and no Person claiming on behalf of or through any Group Member shall have any right to
demand payment of any funds held in any Cash Collateral Account at any time prior to the termination of (i) such Event of Default or (ii) of all Commitments and the payment in full of all Obligations. 
 Section 7.12 Interest Rate Contracts. The Borrower shall, within 120 days after the
Closing Date, enter into and thereafter maintain Interest Rate Contracts on terms and with counterparties reasonably satisfactory to the Administrative Agent, to provide protection against fluctuation of interest rates until the 2nd anniversary of the Closing Date for a notional amount that equals at least 50% of the aggregate principal amount of the Term Loan Facility as defined herein
and the Term Loan Facility as defined in the First Lien Credit Agreement. 
 ARTICLE VIII 
 NEGATIVE COVENANTS 
 Each of Holdings and the
Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) agrees with the Lenders and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 8.1 Indebtedness. No Group Member shall, directly or indirectly, incur or otherwise remain liable with respect to or responsible for, any
Indebtedness except for the following: 
 (a) the Obligations; 
 (b) Indebtedness existing on the date hereof and set forth on Schedule 8.1, together with any Permitted Refinancing of any Indebtedness permitted hereunder in reliance upon this clause (b);

 (c) Indebtedness consisting of Capitalized Lease Obligations (other than with respect to a lease entered into as part of a Sale and
Leaseback Transaction) and purchase money Indebtedness, in each case incurred by any Group Member (other than Holdings) to finance the acquisition, repair, improvement or construction of fixed or capital assets of such Group Member, together with
any Permitted Refinancing of any Indebtedness permitted hereunder in reliance upon this clause (c); provided, however, that (i) the aggregate outstanding principal amount of all such Indebtedness does not exceed the greater
of: (x) two and three-tenths percent 

  

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(2.30%) of Holdings’ Consolidated Total Assets; or (y) $6,900,000 at any time and (ii) the principal amount of such Indebtedness does not
exceed the cost of the property so acquired or built or of such repairs or improvements financed, whether directly or through a Permitted Refinancing, with such Indebtedness (each measured at the time such acquisition, repair, improvement or
construction is made); 
 (d) Capitalized Lease Obligations arising under Sale and Leaseback Transactions permitted hereunder in reliance
upon Section 8.4(b)(ii); 
 (e) intercompany loans owing to any Group Member and constituting Permitted Investments of such Group
Member; 
 (f) (i) obligations under Interest Rate Contracts entered into to comply with Section 7.12 and (ii) obligations
under other Hedging Agreements entered into for the sole purpose of hedging in the normal course of business and consistent with industry practices; 
 (g) Guaranty Obligations of any Group Member with respect to Permitted Indebtedness of any Group Member (other than Indebtedness permitted hereunder in reliance upon clause (b) above) or with respect to
any other obligation or liability of any Group Member otherwise permitted to be incurred herein; 
 (h) (i) Indebtedness of a Group Member
acquired after the Closing Date or a corporation or other entity merged into or consolidated with a Group Member after the Closing Date, and Indebtedness assumed in connection with the acquisition of assets, which Indebtedness in each case exists at
the time of such acquisition, merger or consolidation and is not created in contemplation of such event and where such acquisition, merger or consolidation is permitted by this Agreement and (ii) any Permitted Refinancing of any Indebtedness
permitted hereunder in reliance upon this clause (h); provided that the aggregate principal amount of such Indebtedness at the time of, and after giving effect to, such acquisition, merger or consolidation, and such assumption or incurrence,
as applicable, shall not exceed the greater of: (i) one and fifteen hundredths of one percent (1.15%) of Holdings’ Consolidated Total Assets; or (ii) $3,450,000; 
 (i) Indebtedness in respect of performance, surety or appeal bonds in the ordinary course of business; 
 (j) Indebtedness pursuant to the First Lien Credit Facility; and 
 (k) any unsecured Indebtedness of any Group Member, subordinated on terms and conditions satisfactory to Administrative Agent; provided, however, that the aggregate outstanding principal amount of all
such unsecured Indebtedness shall not exceed the greater of (i) two and three-tenths of one percent (2.30%) of Holdings’ Consolidated Total Assets, or (ii) $6,900,000 at any time. 
 Section 8.2 Liens. No Group Member shall incur, maintain or otherwise suffer to exist any Lien upon or with respect to any of its property,
whether now owned or hereafter acquired, or assign any right to receive income or profits, except for the following: 
 (a) Liens created
pursuant to any Loan Document; 
  

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 (b) Customary Permitted Liens of Group Members; 
 (c) Liens existing on the date hereof and set forth on Schedule 8.2; 
 (d) Liens on the property of the Borrower or any of its Subsidiaries securing Indebtedness permitted hereunder in reliance upon
Section 8.1(c); provided, however, that (i) such Liens exist prior to the acquisition of, or attach substantially simultaneously with, or within 90 days after, the acquisition, repair, improvement or construction of,
such property financed, whether directly or through a Permitted Refinancing, by such Indebtedness and (ii) such Liens do not extend to any property of any Group Member other than the property (and proceeds thereof) acquired or built, or the
improvements or repairs, financed, whether directly or through a Permitted Refinancing, by such Indebtedness; 
 (e) Liens on the property of
the Borrower or any of its Subsidiaries securing the Permitted Refinancing of any Indebtedness secured by any Lien on such property permitted hereunder in reliance upon clause (c) or (d) above or this clause
(e) without any change in the property subject to such Liens; 
 (f) any Lien on any property or asset of the Borrower or any
Subsidiary securing Indebtedness or a Permitted Refinancing of such Indebtedness permitted by Section 8.1(h); provided, that, such Lien (i) does not apply to any other property or asset of the Borrower or any Subsidiary not securing
such Indebtedness on the date of acquisition of such property or asset and (ii) such Lien is not created in contemplation of or in connection with such acquisition; and 
 (g) Liens created pursuant to the First Lien Credit Facility, so long as the Intercreditor Agreement is in full force and effect. 
 Section 8.3 Investments. No Group Member shall make or maintain, directly or indirectly, any Investment except for the following:

 (a) Investments existing on the date hereof and set forth on Schedule 8.3; 
 (b) Investments in cash and Cash Equivalents; 
 (c) (i) endorsements for collection or deposit in the ordinary course of business consistent with past practice, (ii) extensions of trade credit (other than to Affiliates of the Borrower) arising or acquired in the ordinary course of
business, (iii) Investments received in settlements in the ordinary course of business of such extensions of trade credit and (iv) inventory, raw materials and general intangibles (to the extent such general intangibles are not a Capital
Expenditure) acquired in the ordinary course of business; 
 (d) Investments made as part of a Permitted Acquisition; 
 (e) Investments by (i) Holdings in the Borrower or in any Holdings Entity, (ii) any Loan Party (other than Holdings) in any other Loan Party
(other than Holdings), (iii) any Group Member that is not a Loan Party in any Group Member (other than Holdings) or in any joint venture or (iv) any Loan Party (other than Holdings) in any Group Member that is not a Loan Party or in any
joint venture; provided, however, that the aggregate outstanding amount of all Investments permitted pursuant to this clause (iv) shall not 

  

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exceed $1,150,000 at any time; and provided, further, that any Investment consisting of loans or advances to any Loan Party pursuant to
clause (iii) above shall be subordinated in full to the payment of the Obligations of such Loan Party on terms and conditions satisfactory to the Administrative Agent; 
 (f) loans or advances to employees of the Borrower or any of its Subsidiaries to finance travel, entertainment and relocation expenses and other ordinary
business purposes in the ordinary course of business as presently conducted; provided, however, that the aggregate outstanding principal amount of all loans and advances permitted pursuant to this clause (f) shall not
exceed $1,150,000 at any time; 
 (g) So long as the Consolidated Leverage Ratio is at least 0.10 below the applicable maximum Consolidated
Leverage Ratio set forth in Section 5.1 as then in effect (both before and after giving effect to any proposed Investment), Investments in an amount not exceeding the portion, if any, of the Available Amount on the date of such election
that the Borrower elects to apply to this Section 8.3(g); 
 (h) Investments in the form of Securities of another Person received
in consideration of any permissible Sale of Assets; and 
 (i) An additional acquisition; provided that, with respect to such acquisition
(i) the aggregate amount of consideration shall not exceed $11,000,000, (ii) all of the requirements set forth in the definition of “Permitted Acquisition” (other than subsection (a) thereof) shall have been satisfied and
(iii) such acquisition shall be completed prior to September 30, 2007. 
 Section 8.4 Asset Sales. No Group Member
shall Sell any of its property (other than cash) or issue shares of its own Stock, except for the following: 
 (a) In each case to the
extent entered into in the ordinary course of business and made to a Person that is not an Affiliate of the Borrower, (i) Sales of Cash Equivalents, or inventory or property in the ordinary course of business or that has become obsolete or worn
out and (ii) non-exclusive licenses of Intellectual Property; 
 (b) (i) a true lease or sublease of real property not constituting
Indebtedness and not entered into as part of a Sale and Leaseback Transaction and (ii) a Sale of property pursuant to a Sale and Leaseback Transaction; provided, however, that the aggregate fair market value (measured at the time
of the applicable Sale) of all property covered by any outstanding Sale and Leaseback Transaction at any time shall not exceed $575,000; 
 (c) (i) any Sale of any property (other than their own Stock or Stock Equivalents) by any Group Member (other than Holdings) to any other Group Member (other than Holdings) to the extent any resulting Investment constitutes a Permitted
Investment, (ii) any Restricted Payment by any Group Member (other than Holdings) permitted pursuant to Section 8.5 and (iii) any distribution by Holdings of the proceeds of Restricted Payments from any other Group Member to
the extent permitted in Section 8.5; 
  

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 (d) (i) any Sale or issuance by Holdings of its own Stock, (ii) any Sale or issuance by the Borrower
of its own Stock to Holdings, (iii) any Sale or issuance by any Subsidiary of the Borrower of its own Stock to any Group Member (other than Holdings), provided, however, that the proportion of such Stock and of each class of such
Stock (both on an outstanding and fully-diluted basis) held by the Loan Parties (other than Holdings), taken as a whole, does not change as a result of such Sale or issuance and (iv) to the extent necessary to satisfy any Requirement of Law in
the jurisdiction of incorporation of any Subsidiary of the Borrower, any Sale or issuance by such Subsidiary of its own Stock constituting directors’ qualifying shares or nominal holdings; and 
 (e) as long as no Default is continuing or would result therefrom, any Sale of property (other than as part of a Sale and Leaseback Transaction) of, or
Sale or issuance of its own Stock by, any Group Member (other than Holdings) for fair market value payable in cash upon such sale; provided, however, that the aggregate consideration received during any Fiscal Year for all such Sales
shall not exceed $1,150,000. 
 Section 8.5 Restricted Payments. No Group Member (other than Holdings) shall directly or
indirectly, declare, order, pay, make or set apart any sum for any Restricted Payment except for the following (and Holdings shall not use the proceeds of any Restricted Payment made in reliance under clause (c) below other than as set
forth in such clause (c)): 
 (a) (i) Restricted Payments (A) by any Group Member (other than Holdings) that is a Loan Party
to any Loan Party other than Holdings and (B) by any Group Member that is not a Loan Party to any Group Member other than Holdings, (ii) dividends and distributions by any Subsidiary of the Borrower that is not a Loan Party to any holder
of its Stock, to the extent made to all such holders ratably according to their ownership interests in such Stock, (iii) non-cash repurchases of warrants or options deemed to occur upon exercise thereof if such warrants or options represent a
portion of the exercise thereof and (iv) before and after giving effect to such payment, so long as the Consolidated Leverage Ratio is at least 0.10 below the applicable maximum Consolidated Leverage Ratio set forth in Section 5.1
as then in effect, Restricted Payments by any Group Member in an aggregate amount not exceeding the Available Amount. 
 (b) dividends and
distributions declared and paid on the common Stock of any Group Member (other than Holdings) ratably to the holders of such common Stock and payable only in common Stock of such Group Member; and 
 (c) cash dividends on the Stock of the Borrower to Holdings paid and declared solely for the purpose of funding the following: 
 (i) payments by Holdings in respect of taxes owing by Holdings in respect of the other Group Members; 
 (ii) ordinary operating expenses of Holdings; provided, however, that the amount of such cash dividends paid in any Fiscal
Year shall not exceed $2,300,000 in the aggregate; and 
 (iii) the redemption, purchase or other acquisition or retirement
for value by Holdings of its common Stock (or Stock Equivalents with respect to its common Stock) (A) (1) from any present or former employee, director or officer (or the assigns, estate, heirs or current or former spouses thereof) of any
Group Member upon the death, disability or termination of employment of such employee, director or officer or (2) pursuant to the terms of employment agreements, as in effect as of the Closing

  

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Date; provided, however, that the amount of such cash dividends paid in any Fiscal Year in reliance upon clause (A)(1) shall not exceed
$1,150,000 in the aggregate or (B) from any other Person; provided, however, that the amount of such cash dividends paid in any Fiscal Year in reliance upon this clause (B) shall not exceed $1,150,000 in the aggregate;

 provided, however, that no action that would otherwise be permitted hereunder in reliance upon this clause (c) (other than
clause (i) or (ii) above) shall be permitted if (A) a Default is then continuing or would result therefrom or (B) such action is otherwise prohibited under any Loan Document or under the terms of any Indebtedness
(other than the Obligations) of any Group Member. 
 Section 8.6 Prepayment of Indebtedness. No Group Member shall
(x) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof any Indebtedness, (y) set apart any property for such purpose, whether directly or indirectly and whether to a sinking fund, a similar fund
or otherwise, or (z) make any payment in violation of any subordination terms of any Indebtedness; provided, however, that each Group Member may, to the extent otherwise permitted by the Loan Documents, and so long as no Default
is continuing, do each of the following: 
 (a) (i) consummate a Permitted Refinancing and (ii) prepay in full on the Closing Date
Indebtedness owing under the Existing Credit Agreement; 
 (b) prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled
maturity thereof (or set apart any property for such purpose) (A) in the case of any Group Member that is not a Loan Party, any Indebtedness owing by such Group Member to any other Group Member (other than Holdings) and (B) otherwise, any
Indebtedness owing to any Loan Party (other than Holdings); 
 (c) make regularly scheduled or otherwise required repayments or redemptions
of Indebtedness (other than Indebtedness owing to any Affiliate of the Borrower) but only, in the case of Subordinated Debt, to the extent permitted by the subordination provisions thereof; and 
 (d) prepay Subordinated Debt, to the extent permitted by the subordinated provisions thereof, provided that the Consolidated Leverage Ratio prior
to giving effect to such prepayment is at least the greater of (i) 0.50 below the applicable Maximum Consolidated Leverage Ratio set forth in Section 5.1 as then in effect in the First Lien Credit Agreement and (ii) 3.50 to
1.00. 
 Section 8.7 Fundamental Changes. No Group Member shall (a) merge, consolidate or amalgamate with any Person,
(b) acquire all or substantially all of the Stock or Stock Equivalents of any Person or (c) acquire any brand or all or substantially all of the assets of any Person or all or substantially all of the assets constituting any line of
business, division, branch, operating division or other unit operation of any Person, in each case except for the following: (w) to consummate any Permitted Acquisition, (x) the merger, consolidation or amalgamation of any Holdings Entity
into any other Holdings Entity, (y) the merger, consolidation or amalgamation of any Subsidiary of the Borrower into any Loan Party and (z) the merger, consolidation or amalgamation of any Group Member for the sole purpose, and with the
sole material effect, of changing its State of organization within the United States; provided, 

  

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however, that (A) in the case of any merger, consolidation or amalgamation involving the Borrower, the Borrower shall be the surviving Person and
(B) in the case of any merger, consolidation or amalgamation involving any other Loan Party, a Loan Party shall be the surviving corporation and all actions required to maintain the perfection of the Lien of the Administrative Agent on the
Stock or property of such Loan Party shall have been made. 
 Section 8.8 Change in Nature of Business. (a) No Group
Member (other than Holdings) shall carry on any business, operations or activities (whether directly, through a joint venture, in connection with a Permitted Acquisition or otherwise) substantially different from those carried on by the Borrower and
its Subsidiaries and the Acquired Company at the date hereof and business, operations and activities reasonably related thereto or incidental thereto or a reasonable extension thereof. 
 (b) Holdings shall not engage in any business, operations or activity, or hold any property, other than (i) holding Stock and Stock Equivalents of
the Borrower, (ii) issuing, selling and redeeming its own Stock, (ii) paying taxes, (iii) holding directors’ and shareholders’ meetings, preparing corporate and similar records and other activities required to maintain its
separate corporate or other legal structure, (iv) preparing reports to, and preparing and making notices to and filings with, Governmental Authorities and to its holders of Stock and Stock Equivalents, (v) receiving, and holding proceeds
of, Restricted Payments from the Borrower and its Subsidiaries and distributing the proceeds thereof to the extent permitted in Section 8.5 and (vi) as necessary to consummate any Permitted Acquisition. 
 Section 8.9 Transactions with Affiliates. No Group Member shall, except as otherwise expressly permitted herein, enter into any other
transaction directly or indirectly with, or for the benefit of, any Affiliate of the Borrower that is not a Loan Party (including Guaranty Obligations with respect to any obligation of any such Affiliate), except for (a) transactions in the
ordinary course of business on a basis no less favorable to such Group Member as would be obtained in a comparable arm’s length transaction with a Person not an Affiliate of the Borrower, (b) Restricted Payments, the proceeds of which, if
received by Holdings, are used as required by Section 8.5 and (c) reasonable salaries and other reasonable director or employee compensation and benefit arrangements (including any indemnity obligations) to officers and directors of
any Group Member and any employment agreement (including customary benefits thereunder) that is entered into in the ordinary course of business. 
 Section 8.10 Third-Party Restrictions on Indebtedness, Liens, Investments or Restricted Payments. No Group Member shall incur or otherwise suffer to exist or become effective or remain liable on or responsible for any
Contractual Obligation limiting the ability of (a) any Subsidiary of the Borrower to make Restricted Payments to, or Investments in, or repay Indebtedness or otherwise Sell property to, any Group Member (other than Holdings) or (b) any
Group Member to incur or suffer to exist any Lien upon any property of any Group Member, whether now owned or hereafter acquired, securing any of its Obligations (including any “equal and ratable” clause and any similar Contractual
Obligation requiring, when a Lien is granted on any property, another Lien to be granted on such property or any other property), except, for each of clauses (a) and (b) above, (i) pursuant to the Loan Documents,
(ii) pursuant to the First Lien Loan Documents, (iii) limitations on Liens (other than those securing any Obligation) on any property whose acquisition, repair, improvement or construction is financed by purchase money Indebtedness,
Capitalized Lease Obligations or Permitted Refinancings permitted hereunder in reliance upon Section 8.1(c), (d) or (h) set forth in the Contractual Obligations governing such Indebtedness, Capitalized Lease Obligations
or Permitted Refinancing or Guaranty Obligations with respect thereto, (iv) pursuant to the Second Lien Credit Agreement or ( v) Applicable Law. 
  

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 Section 8.11 Modification of Certain Documents. No Group Member shall do any of the
following: 
 (a) waive or otherwise modify any term of any Related Document (other than any First Lien Loan Document) or any Constituent
Document of, or otherwise change the capital structure of, any Group Member (including the terms of any of their outstanding Stock or Stock Equivalents), in each case except for those modifications and waivers that (x) do not elect, or permit
the election, to treat the Stock or Stock Equivalents of any limited liability company (or similar entity) as certificated unless the certificates issued thereunder to any Loan Party are delivered to the Administrative Agent and (y) do not
materially adversely affect the rights and privileges of any Group Member and do not materially adversely affect the interests of any Secured Party under the Loan Documents or in the Collateral; 
 (b) waive or otherwise modify any term of any First Lien Loan Document, except as may be permitted under the Intercreditor Agreement; 
 (c) waive or otherwise modify any term of any Subordinated Debt held by a Person other than a Loan Party if the effect thereof on such Subordinated Debt
is to (i) increase the interest rate, (ii) change the due dates for principal or interest, other than to extend such dates, (iii) modify any default or event of default, other than to delete it or make it less restrictive,
(iv) add any covenant with respect thereto, (v) modify any subordination provision, (vi) modify any redemption or prepayment provision, other than to extend the dates therefor or to reduce the premiums payable in connection therewith
or (vii) materially increase any obligation of any Group Member or confer additional material rights to the holder of such Subordinated Debt in a manner adverse to any Group Member or any Secured Party. 
 Section 8.12 Accounting Changes; Fiscal Year. No Group Member shall change its (a) accounting treatment or reporting practices, except
as required by GAAP or any Requirement of Law, or (b) its fiscal year or its method for determining fiscal quarters or fiscal months. 
 Section 8.13 Margin Regulations. No Group Member shall 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 8.14 Compliance with ERISA. No ERISA Affiliate shall
cause or suffer to exist (a) any event that could result in the imposition of a Lien with respect to any Title IV Plan or Multiemployer Plan or (b) any other ERISA Event, that would, in the aggregate, have a Material Adverse Effect. No
Group Member shall cause or suffer to exist any event that could result in the imposition of a Lien with respect to any Benefit Plan. 
  

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 Section 8.15 Hazardous Materials. No Group Member shall cause or suffer to exist any
Release of any Hazardous Material at, to or from any real property owned, leased, subleased or otherwise operated or occupied by any Group Member that would violate any Environmental Law, form the basis for any Environmental Liabilities or otherwise
adversely affect the value or marketability of any real property (whether or not owned by any Group Member), other than such violations, Environmental Liabilities and effects that would not, in the aggregate, have a Material Adverse Effect.

 ARTICLE IX 
 EVENTS OF DEFAULT

 Section 9.1 Definition. Each of the following shall be an Event of Default: 
 (a) the Borrower shall fail to pay (i) any principal of any Loan when the same becomes due and payable or (ii) any interest on any Loan, any
fee under any Loan Document or any other Obligation (other than those set forth in clause (i) above) and, in the case of this clause (ii), such non-payment continues for a period of 4 Business Days after the due date
therefor; or 
 (b) any representation, warranty or certification made or deemed made by or on behalf of any Loan Party in any Loan Document
or by or on behalf of any Loan Party (or any Responsible Officer thereof) in connection with any Loan Document (including in any document delivered in connection with any Loan Document) shall prove to have been incorrect in any material respect when
made or deemed made; or 
 (c) any Loan Party shall fail to comply with (i) any provision of Article V (Financial Covenants),
Section 6.1 (Financial Statements), 6.2(a)(i) (Other Events), 7.1(a) (Maintenance of Corporate Existence), or 7.9 (Application of Loan Proceeds) or Article VIII (Negative Covenants) or (ii) any other provision of any Loan Document if,
in the case of this clause (ii), such failure shall remain unremedied for 45 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 notice thereof shall
have been given to the Borrower by the Administrative Agent or the Required Lenders; or 
 (d) (i) any Group Member shall fail to make any
payment when due (whether due because of scheduled maturity, required prepayment provisions, acceleration, demand or otherwise) on any Indebtedness of any Group Member (other than the Obligations as defined in the First Lien Credit Agreement or any
Hedging Agreement) and, in each case, such failure relates to Indebtedness having a principal amount of $5,750,000 or more, (ii) any other event shall occur or condition shall exist under any Contractual Obligation relating to any such
Indebtedness, if the effect of such event or condition is to accelerate 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, redeemed, defeased or
repurchased (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; or 
 (e) (i) any Group Member
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
any Group Member seeking to adjudicate it a bankrupt or insolvent or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, composition of it or its debts or any similar order, in each case 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 

  

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of a custodian receiver, trustee, conservator, liquidating agent, liquidator, other similar official or other official with similar powers, in each case for
it or for any substantial part of its property and, in the case of any such proceedings instituted against (but not by or with the consent of) any Group Member, 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) any Group Member shall take any corporate or similar action or any other action to authorize any action described in clause (i) or
(ii) above; or 
 (f) one or more judgments, orders or decrees (or other similar process) shall be rendered against any Group
Member (i)(A) in the case of money judgments, orders and decrees, involving an aggregate amount (excluding amounts adequately covered by insurance payable to any Group Member (“Threshold Amount”), to the extent the relevant insurer
has not denied coverage therefor) in excess of $5,750,000 or (B) otherwise, that would have, in the aggregate, a Material Adverse Effect and (ii)(A) enforcement proceedings shall have been commenced by any creditor upon an aggregate of such
judgments, orders or decrees in excess of the Threshold Amount or (B) an aggregate of such judgments, orders and decrees in excess of the Threshold Amount shall not have been vacated or discharged for a period of 30 consecutive days and there
shall not be in effect (by reason of a pending appeal or otherwise) any stay of enforcement thereof; or 
 (g) except pursuant to a valid,
binding and enforceable termination or release permitted under the Loan Documents and executed by the Administrative Agent or as otherwise expressly permitted under any Loan Document, (i) any provision of any Loan Document shall, at any time
after the delivery of such Loan Document, fail to be valid and binding on, or enforceable against, any Loan Party party thereto or (ii) any Loan Document purporting to grant a Lien to secure any Obligation shall, at any time after the delivery
of such Loan Document, fail to create a valid and enforceable Lien on any Collateral purported to be covered thereby or such Lien shall fail or cease to be a perfected Lien with the priority required in the relevant Loan Document or (iii) any
Group Member shall state in writing that any of the events described in clause (i) or (ii) above shall have occurred; or 
 (h) there shall occur any Change of Control; or 
 (i) the acceleration of the maturity of the First Lien Facility. 
 Section 9.2 Remedies. During the continuance of any Event of Default, the Administrative Agent may, and, at the request of the Required
Lenders, shall, in each case by notice to the Borrower and in addition to any other right or remedy provided under any Loan Document or by any applicable Requirement of Law, do each of the following: (a) declare all or any portion of the
Commitments terminated, whereupon the Commitments shall immediately be reduced by such portion or, in the case of a termination in whole, shall terminate together with any obligation any Lender may have hereunder to make any Loan or (b) declare
immediately due and payable all or part of any Obligation (including any accrued but unpaid interest thereon), whereupon the same shall become immediately due and payable, without presentment, demand, protest or further notice or other requirements
of any kind, all of which are hereby expressly waived by Holdings and the Borrower (and, to the extent provided in any other Loan Document, other Loan Parties); provided, however, that, effective immediately upon the occurrence of the
Events of Default specified in Section 9.1(e)(ii), (x) the Commitments of each Lender to make Loans shall each automatically be terminated and (y) each Obligation (including in each case 

  

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any accrued but unpaid interest thereon) shall automatically become and be due and payable, without presentment, demand, protest or further notice or other
requirement of any kind, all of which are hereby expressly waived by Holdings and the Borrower (and, to the extent provided in any other Loan Document, any other Loan Party). Notwithstanding anything herein to the contrary, the exercise of any right
or remedy by the Administrative Agent hereunder is subject to the provisions of the Intercreditor Agreement. The Lenders hereto hereby acknowledge and agree to the terms and conditions of the Intercreditor Agreement and the execution
thereof by the Administrative Agent, and in the event of any conflict between the terms of the Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control. 
 Section 9.3 Fixed Charge Coverage Ratio Cure Right and Leverage Ratio Cure Right. 
 (a) In the event that Holdings would (i) otherwise fail to comply with the maximum Consolidated Leverage Ratio set forth in Section 5.1
as of the last day of any Fiscal Quarter (a “Leverage Ratio Default”) or (ii) otherwise fail to comply with the minimum Consolidated Fixed Charge Coverage Ratio covenant set forth in Section 5.2 as of the last day
of any Fiscal Quarter (a “Fixed Charge Coverage Default”), then not later than ten (10) days after the date on which the Compliance Certificate with respect to such Fiscal Quarter must be delivered to Administrative Agent
pursuant to Section 6.1, Holdings shall have the right to have Consolidated EBITDA increased by the amount of any proceeds of an investment made to Holdings by Permitted Investor (which amount shall be contributed in cash to the capital
of Borrower) (the “Cure Right”), and upon the receipt by Borrower of such cash, which amount shall not exceed the minimum amount necessary to cure the Leverage Ratio Default or the Fixed Charge Coverage Default, as applicable (the
“Cure Amount”), pursuant to the exercise by Holdings of such Cure Right, either the Consolidated Fixed Charge Coverage Ratio covenant set forth in Section 5.2 and/or the Consolidated Leverage Ratio set forth in
Section 5.1, as applicable, shall be recalculated giving effect to the following pro forma adjustments: 
 (i)
Consolidated EBITDA shall be increased solely for the purpose of measuring such financial covenants in Article V, and not for any other purpose; 
 (ii) Consolidated EBITDA shall only be deemed to be so increased in the amount required to cure the Event of Default, and the Cure Amount deemed included in Consolidated EBITDA shall continue to be included in
Consolidated EBITDA calculations for successive trailing twelve month calculations (solely with respect to the calculation of the financial covenants set forth in Article V) for the three Fiscal Quarters following the exercise of such Cure
Right; and 
 (b) If, after giving effect to the foregoing recalculations, Holdings shall then be in compliance with the requirements of the
Consolidated Fixed Charge Coverage Ratio covenant set forth in Section 5.2 and/or the Consolidated Leverage Ratio set forth in Section 5.1, as applicable, Holdings shall be deemed to have satisfied the requirements of such
financial covenants as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the Event of Default arising from the failure to comply with such financial covenants that
would have otherwise occurred on such date but for the application of the foregoing recalculations shall be deemed not to have occurred. 
  

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 (c) The total number of Cure Rights exercisable under this Section 9.4 in any period of
twelve (12) consecutive months shall not exceed two (2). 
 ARTICLE X 
 THE ADMINISTRATIVE AGENT 
 Section 10.1 Appointment and Duties.
(a) Appointment of Administrative Agent. Each Lender hereby appoints GE Capital (together with any successor Administrative Agent pursuant to Section 10.9) as the Administrative Agent hereunder and authorizes the
Administrative Agent to (i) execute and deliver the Loan Documents and accept delivery thereof on its behalf from any Group Member, (ii) take such action on its behalf and to exercise all rights, powers and remedies and perform the duties
as are expressly delegated to the Administrative Agent under such Loan Documents and (iii) exercise such powers as are reasonably incidental thereto. 
 (b) Duties as Collateral and Disbursing Agent. Without limiting the generality of clause (a) above, the Administrative Agent shall have the sole and exclusive right and authority (to the exclusion
of the Lenders), and is hereby authorized, to (i) act as the disbursing and collecting agent for the Lenders with respect to all payments and collections arising in connection with the Loan Documents (including in any proceeding described in
Section 9.1(e)(ii) or any other bankruptcy, insolvency or similar proceeding), and each Person making any payment in connection with any Loan Document to any Secured Party is hereby authorized to make such payment to the Administrative
Agent, (ii) file and prove claims and file other documents necessary or desirable to allow the claims of the Secured Parties with respect to any Obligation in any proceeding described in Section 9.1(e)(ii) or any other bankruptcy,
insolvency or similar proceeding (but not to vote, consent or otherwise act on behalf of such Secured Party), (iii) act as collateral agent for each Secured Party for purposes of the perfection of all Liens created by such agreements and all
other purposes stated therein, (iv) manage, supervise and otherwise deal with the Collateral, (v) take such other action as is necessary or desirable to maintain the perfection and priority of the Liens created or purported to be created
by the Loan Documents, (vi) except as may be otherwise specified in any Loan Document, exercise all remedies given to the Administrative Agent and the other Secured Parties with respect to the Collateral, whether under the Loan Documents,
applicable Requirements of Law or otherwise and (vii) execute any amendment, consent or waiver under the Loan Documents on behalf of any Lender that has consented in writing to such amendment, consent or waiver; provided, however,
that the Administrative Agent hereby appoints, authorizes and directs each Lender to act as collateral sub-agent for the Administrative Agent, the Lenders for purposes of the perfection of all Liens with respect to the Collateral, including any
deposit account maintained by a Loan Party with, and cash and Cash Equivalents held by, such Lender, and may further authorize and direct the Lenders to take further actions as collateral sub-agents for purposes of enforcing such Liens or otherwise
to transfer the Collateral subject thereto to the Administrative Agent, and each Lender hereby agrees to take such further actions to the extent, and only to the extent, so authorized and directed. 
  

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 (c) Limited Duties. Under the Loan Documents, the Administrative Agent (i) is acting solely
on behalf of the Lenders (except to the limited extent provided in Section 2.14(b) with respect to the Register and in Section 10.11), with duties that are entirely administrative in nature, notwithstanding the use of the
defined term “Administrative Agent”, the terms “agent”, “administrative agent” and “collateral agent” and similar terms in any Loan Document to refer to the Administrative Agent, which terms are used for title
purposes only, (ii) is not assuming any obligation under any Loan Document other than as expressly set forth therein or any role as agent, fiduciary or trustee of or for any Lender or any other Secured Party and (iii) shall have no implied
functions, responsibilities, duties, obligations or other liabilities under any Loan Document, and each Lender hereby waives and agrees not to assert any claim against the Administrative Agent based on the roles, duties and legal relationships
expressly disclaimed in clauses (i) through (iii) above. 
 Section 10.2 Binding Effect. Each Lender
agrees that (i) any action taken by the Administrative Agent or the Required Lenders (or, if expressly required hereby, a greater proportion of the Lenders) in accordance with the provisions of the Loan Documents, (ii) any action taken by
the Administrative Agent in reliance upon the instructions of Required Lenders (or, where so required, such greater proportion) and (iii) the exercise by the Administrative Agent or the Required 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 Secured Parties. 
 Section 10.3 Use of Discretion. (a) No Action without Instructions. The Administrative Agent shall not be required to exercise
any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any Loan Document or (ii) pursuant to instructions from the
Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders). 
 (b) Right Not to
Follow Certain Instructions. Notwithstanding clause (a) above, the Administrative Agent shall not be required to take, or to omit to take, any action (i) unless, upon demand, the Administrative Agent receives an indemnification
satisfactory to it from the Lenders (or, to the extent applicable and acceptable to the Administrative Agent, any other Secured Party) against all Liabilities that, by reason of such action or omission, may be imposed on, incurred by or asserted
against the Administrative Agent or any Related Person thereof or (ii) that is, in the opinion of the Administrative Agent or its counsel, contrary to any Loan Document or applicable Requirement of Law. 
 Section 10.4 Delegation of Rights and Duties. The Administrative Agent may, upon any term or condition it specifies, delegate or exercise
any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any
Secured Party). Any such Person shall benefit from this Article X to the extent provided by the Administrative Agent. 
 Section 10.5 Reliance and Liability. (a) The Administrative Agent may, without incurring any liability hereunder, (i) treat the payee of any Note as its holder until such Note has been assigned in accordance with
Section 11.2(e), (ii) rely on the Register to the extent set forth in Section 2.14, (iii) consult with any of its Related Persons and, whether or not selected by it, any other advisors, accountants and other experts
(including advisors to, and accountants and experts engaged by, any Loan Party) and (iv) rely and act upon any document and information (including those transmitted by Electronic Transmission) and any telephone message or conversation, in each
case believed by it to be genuine and transmitted, signed or otherwise authenticated by the appropriate parties. 
  

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 (b) None of the Administrative Agent and its Related Persons shall be liable for any action taken or
omitted to be taken by any of them under or in connection with any Loan Document, and each Lender, Holdings and the Borrower hereby waive and shall not assert (and each of Holdings and the Borrower shall cause each other Loan Party to waive and
agree not to assert) any right, claim or cause of action based thereon, except to the extent of liabilities resulting from the gross negligence or willful misconduct of the Administrative Agent or, as the case may be, such Related Person (each as
determined in a final, non-appealable judgment by a court of competent jurisdiction) in connection with the duties expressly set forth herein. Without limiting the foregoing, the Administrative Agent: 
 (i) shall not be responsible or otherwise incur liability for any action or omission taken in reliance upon the instructions of the
Required Lenders or for the actions or omissions of any of its Related Persons selected with reasonable care (other than employees, officers and directors of the Administrative Agent, when acting on behalf of the Administrative Agent); 

(ii) shall not be responsible to any Secured Party for the due execution, legality, validity, enforceability, effectiveness,
genuineness, sufficiency or value of, or the attachment or priority of any Lien created or purported to be created under or in connection with, any Loan Document; 
 (iii) makes no warranty or representation, and shall not be responsible, to any Secured Party for any statement, document, information,
representation or warranty made or furnished by or on behalf of any Related Person or any Loan Party in connection with any Loan Document or any transaction contemplated therein or any other document or information with respect to any Loan Party,
whether or not transmitted or (except for documents expressly required under any Loan Document to be transmitted to the Lenders) omitted to be transmitted by the Administrative Agent, including as to completeness, accuracy, scope or adequacy
thereof, or for the scope, nature or results of any due diligence performed by the Administrative Agent in connection with the Loan Documents; and 
 (iv) shall not have any duty to ascertain or to inquire as to the performance or observance of any provision of any Loan Document, whether any condition set forth in any Loan Document is satisfied or waived, as to the
financial condition of any Loan Party or as to the existence or continuation or possible occurrence or continuation of any Default or Event of Default and shall not be deemed to have notice or knowledge of such occurrence or continuation unless it
has received a notice from the Borrower or any Lender describing such Default or Event of Default clearly labeled “notice of default” (in which case the Administrative Agent shall promptly give notice of such receipt to all Lenders);

 and, for each of the items set forth in clauses (i) through (iv) above, each Lender, Holdings and the Borrower hereby waives and
agrees not to assert (and each of Holdings and the Borrower shall cause each other Loan Party to waive and agree not to assert) any right, claim or cause of action it might have against the Administrative Agent based thereon. 
  

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 Section 10.6 Administrative Agent Individually. The Administrative Agent and its Affiliates
may make loans and other extensions of credit to, acquire Stock and Stock Equivalents of, engage in any kind of business with, any Loan Party or Affiliate thereof as though it were not acting as Administrative Agent and may receive separate fees and
other payments therefor. To the extent the Administrative Agent or any of its Affiliates makes any Loan or otherwise becomes a Lender hereunder, it shall have and may exercise the same rights and powers hereunder and shall be subject to the same
obligations and liabilities as any other Lender and the terms “Lender” and “Required Lender” and any similar terms shall, except where otherwise expressly provided in any Loan Document, include, without limitation, the
Administrative Agent or such Affiliate, as the case may be, in its individual capacity as Lender, or as one of the Required Lenders, respectively. 
 Section 10.7 Lender Credit Decision. Each Lender acknowledges that it shall, independently and without reliance upon the Administrative Agent, any Lender or any of their Related Persons or upon any document (including the
Disclosure Documents) solely or in part because such document was transmitted by the Administrative Agent or any of its Related Persons, conduct its own independent investigation of the financial condition and affairs of each Loan Party and make and
continue to make its own credit decisions in connection with entering into, and taking or not taking any action under, any Loan Document or with respect to any transaction contemplated in any Loan Document, in each case based on such documents and
information as it shall deem appropriate. Except for documents expressly required by any Loan Document to be transmitted by the Administrative Agent to the Lenders, the Administrative Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Loan Party or any Affiliate of any Loan Party that may come in to the possession of the
Administrative Agent or any of its Related Persons. 
 Section 10.8 Expenses; Indemnities. (a) Each Lender agrees to
reimburse the Administrative Agent and each of its Related Persons (to the extent not reimbursed by any Loan Party) promptly upon demand for such Lender’s Pro Rata Share of any reasonable out-of-pocket costs and expenses (including fees,
charges and disbursements of financial, legal and other advisors and Other Taxes paid in the name of, or on behalf of, any Loan Party) that may be incurred by the Administrative Agent or any of its Related Persons in connection with the preparation,
syndication, execution, delivery, administration, modification, consent, waiver or enforcement (whether through negotiations, through any work-out, bankruptcy, restructuring or other legal or other proceeding or otherwise) of, or legal advice in
respect of its rights or responsibilities under, any Loan Document. 
 (b) Each Lender further agrees to indemnify the Administrative Agent
and each of its Related Persons (to the extent not reimbursed by any Loan Party), for such Lender’s aggregate Pro Rata Share from and against the Liabilities (including taxes, interests and penalties imposed for not properly withholding or
backup withholding on payments made to on or for the account of any Lender) that may be imposed on, incurred by or asserted against the Administrative Agent or any of its Related Persons to the extent related to or in its capacity as Administrative
Agent, and relating to or arising out of, in connection with or as a result of any Loan Document, any Related Document or any other act, event or transaction related, contemplated in or attendant to any such document, or, in each case, any action
taken or omitted to be taken by the Administrative Agent or any of its Related Persons under or with respect to any of the foregoing; provided, however, that no Lender shall be liable to the Administrative Agent or any of its Related
Persons to the extent such liability has resulted from the gross negligence or willful misconduct of the Administrative Agent or, as the case may be, such Related Person, as determined by a court of competent jurisdiction in a final non-appealable
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 Section 10.9 Resignation of Administrative Agent. (a) The Administrative Agent may
resign at any time by delivering notice of such resignation to the Lenders and the Borrower, effective on the date set forth in such notice or, if not such date is set forth therein, upon the date such notice shall be effective. If the
Administrative Agent delivers any such notice, the Required Lenders shall have the right to appoint a successor Administrative Agent. If, within 30 days after the retiring Administrative Agent having given notice of resignation, no successor
Administrative Agent has been appointed by the Required Lenders that has accepted such appointment, then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent from among the Lenders. Each
appointment under this clause (a) shall be subject to the prior consent of the Borrower, which may not be unreasonably withheld but shall not be required during the continuance of a Default. 
 (b) Effective immediately upon its resignation, (i) the retiring Administrative Agent shall be discharged from its duties and obligations under the
Loan Documents, (ii) the Lenders shall assume and perform all of the duties of the Administrative Agent until a successor Administrative Agent shall have accepted a valid appointment hereunder, (iii) the retiring Administrative Agent and
its Related Persons shall no longer have the benefit of any provision of any Loan Document other than with respect to any actions taken or omitted to be taken while such retiring Administrative Agent was, or because such Administrative Agent had
been, validly acting as Administrative Agent under the Loan Documents and (iv) subject to its rights under Section 10.3, 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. Effective immediately upon its acceptance of a valid appointment as Administrative Agent, a successor Administrative Agent shall succeed to, and become
vested with, all the rights, powers, privileges and duties of the retiring Administrative Agent under the Loan Documents. 
 Section
10.10 Release of Collateral or Guarantors. Each Lender hereby consents to the release and hereby directs the Administrative Agent to release (or, in the case of clause (b)(ii) below, release or subordinate) the following:

 (a) any Subsidiary of the Borrower from its guaranty of any Obligation of any Loan Party if all of the Securities of such Subsidiary owned
by any Group Member are Sold in a Sale permitted under the Loan Documents (including pursuant to a waiver or consent), to the extent that, after giving effect to such Sale, such Subsidiary would not be required to guaranty any Obligations pursuant
to Section 7.10; and 
 (b) any Lien held by the Administrative Agent for the benefit of the Secured Parties against (i) any
Collateral that is Sold by a Loan Party in a Sale permitted by the Loan Documents (including pursuant to a valid waiver or consent), to the extent all Liens required to be granted in such Collateral pursuant to Section 7.10 after giving
effect to such Sale have been granted, (ii) any property subject to a Lien permitted hereunder in reliance upon Section 8.2(d) or (e) and (iii) all of the Collateral and all Loan Parties, upon (A) termination
of the Commitments, (B) payment and satisfaction in full of all Loans and all other Obligations that the Administrative Agent has been notified in writing are then due and payable by the holder of such Obligation, (C) deposit of 

  

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cash collateral with respect to all contingent Obligations, in amounts and on terms and conditions and with parties satisfactory to the Administrative
Agent and each Indemnitee that is owed such Obligations and (D) to the extent requested by the Administrative Agent, receipt by the Secured Parties of liability releases from the Loan Parties each in form and substance acceptable to the
Administrative Agent. 
 Each Lender hereby directs the Administrative Agent, and the Administrative Agent hereby agrees, upon receipt of reasonable advance
notice from the Borrower, to execute and deliver or file such documents and to perform other actions reasonably necessary to release or subordinate the guaranties and Liens when and as directed in this Section 10.10. 
 Section 10.11 Additional Secured Parties. The benefit of the provisions of the Loan Documents directly relating to the Collateral or any
Lien granted thereunder shall extend to and be available to any Secured Party that is not a Lender as long as, by accepting such benefits, such Secured Party agrees, as among the Administrative Agent and all other Secured Parties, that such Secured
Party is bound by (and, if requested by the Administrative Agent, shall confirm such agreement in a writing in form and substance acceptable to the Administrative Agent) this Article X, Section 11.9 (Right of Setoff),
Section 11.10 (Sharing of Payments) and Section 11.21 (Confidentiality) and the decisions and actions of the Administrative Agent and the Required Lenders (or, where expressly required by the terms of this
Agreement, a greater proportion of the Lenders) to the same extent a Lender is bound; provided, however, that, notwithstanding the foregoing, (a) such Secured Party shall be bound by Section 10.8 only to the extent of
Liabilities, costs and expenses with respect to or otherwise relating to the Collateral held for the benefit of such Secured Party, in which case the obligations of such Secured Party thereunder shall not be limited by any concept of Pro Rata Share
or similar concept, (b) except as set forth specifically herein, each of the Administrative Agent, the Lenders shall be entitled to act at its sole discretion, without regard to the interest of such Secured Party, regardless of whether any
Obligation to such Secured Party thereafter remains outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise affected or put in jeopardy thereby, and without any duty or liability to such Secured Party or any such
Obligation and (c) except as set forth specifically herein, such Secured Party shall not have any right to be notified of, consent to, direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or
under any Loan Document. 
 ARTICLE XI 
 MISCELLANEOUS 
 Section 11.1 Amendments, Waivers, Etc. (a) No amendment or waiver of any provision of any Loan
Document (other than the Fee Letter, the Control Agreements and the Secured Hedging Agreements) and no consent to any departure by any Loan Party therefrom shall be effective unless the same shall be in writing and signed (1) in the case of an
amendment, consent or waiver to cure any ambiguity, omission, defect or inconsistency or granting a new Lien for the benefit of the Secured Parties or extending an existing Lien over additional property, by the Administrative Agent and the Borrower,
(2) in the case of any other waiver or consent, by the Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) and (3) in the case of any other amendment, by the Required Lenders (or by the Administrative
Agent with the consent of the Required Lenders) and the Borrower; provided, however, that no amendment, consent or waiver described in clause (2) or (3) above shall, unless in writing and signed by each Lender
directly affected thereby (or by the Administrative Agent with the consent of such Lender), in addition to any other Person the signature of which is otherwise required pursuant to any Loan Document, do any of the following: 
 (i) waive any condition specified in Section 3.1, except any condition referring to any other provision of any Loan Document;

  

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 (ii) increase the Commitment of such Lender or subject such Lender to any additional
obligation; 
 (iii) reduce (including through release, forgiveness, assignment or otherwise) (A) the principal amount
of, the interest rate on, or any obligation of the Borrower to repay (whether or not on a fixed date), any outstanding Loan owing to such Lender or (B) any fee or accrued interest payable to such Lender; provided, however, that
this clause (iii) does not apply to (x) any change to any provision increasing any interest rate or fee during the continuance of an Event of Default or to any payment of any such increase, (y) any modification to any financial
covenant set forth in Article V or in any definition set forth therein or principally used therein or (z) any change to mandatory prepayments, including those required under Section 2.8; 
 (iv) waive or postpone any Term Loan Maturity Date or other scheduled date fixed for the payment, in whole or in part, of principal of or
interest on any Loan or fee owing to such Lender or for the reduction of such Lender’s Commitment; provided, however, that this clause (iv) does not apply to any waiver or postponement to mandatory prepayments,
including those required under Section 2.8; 
 (v) except as provided in Section 10.10, release all or
substantially all of the Collateral or any Guarantor from its guaranty of any Obligation of the Borrower; 
 (vi) reduce or
increase the proportion of Lenders required for the Lenders (or any subset thereof) to take any action hereunder or change the definition of the terms “Required Lenders”, “Pro Rata Share” or “Pro Rata Outstandings”; or

 (vii) amend Section 10.10 (Release of Collateral or Guarantor), Section 11.10 (Sharing of Payments) or this
Section 11.1; 
 and provided, further, that (y) no amendment, waiver or consent shall affect the rights or duties under any Loan
Document of, or any payment to, the Administrative Agent (or otherwise modify any provision of Article X or the application thereof) or any SPV that has been granted an option pursuant to Section 11.2(f) unless in writing and
signed by the Administrative Agent or, as the case may be, such SPV in addition to any signature otherwise required and (z) the consent of the Borrower shall not be required to change any order of priority set forth in Section 2.12.
No amendment, modification or waiver of this Agreement or any Loan Document altering the ratable treatment of Obligations arising under Secured Hedging Agreement resulting in such Obligations being junior in right of payment to principal of the
Loans or resulting in Obligations owing to any Secured Hedging Counterparty being unsecured (other than releases of Liens in accordance with the terms hereof), in each case in a manner adverse to any Secured Hedging Counterparty, shall be effective
without the written consent of such Secured Hedging Counterparty or, in the case of a Secured Hedging Agreement provided or arranged by the Administrative Agent or an Affiliate thereof, the Administrative Agent. 
  

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 (b) Each waiver or consent under any Loan Document shall be effective only in the specific instance and
for the specific purpose for which it was given. No notice to or demand on any Loan Party shall entitle any Loan Party to any notice or demand in the same, similar or other circumstances. No failure on the part of any Secured Party 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. 
 Section 11.2 Assignments and Participations; Binding Effect. (a) Binding Effect. This Agreement shall become effective when it
shall have been executed by Holdings, the Borrower and the Administrative Agent and when the Administrative Agent shall have been notified by each Lender that such Lender has executed it. Thereafter, it shall be binding upon and inure to the benefit
of, but only to the benefit of, Holdings, the Borrower (in each case except for Article X), the Administrative Agent, each Lender and, to the extent provided in Section 10.11, each other Indemnitee and Secured Party and, in
each case, their respective successors and permitted assigns. Except as expressly provided in any Loan Document (including in Section 10.9), none of Holdings, the Borrower or the Administrative Agent shall have the right to assign any
rights or obligations hereunder or any interest herein. 
 (b) Right to Assign. Each Lender may sell, transfer, negotiate or assign
all or a portion of its rights and obligations hereunder (including all or a portion of its Commitments and its rights and obligations with respect to Loans) to (i) any existing Lender, (ii) any Affiliate or Approved Fund of any existing
Lender or (iii) any other Person acceptable (which acceptance shall not be unreasonably withheld or delayed) to the Administrative Agent and, as long as no Event of Default is continuing, the Borrower; provided, however, that
(x) the aggregate outstanding principal amount (determined as of the effective date of the applicable Assignment) of the Loans and Commitments subject to any such Sale shall be in a minimum amount of $1,000,000, unless such Sale is made to an
existing Lender or an Affiliate or Approved Fund of any existing Lender, is of the assignor’s (together with its Affiliates and Approved Funds) entire interest in the Term Loan Facility or is made with the prior consent of the Borrower and the
Administrative Agent and (y) no such assignment shall be made to any Group Member or any Affiliate of any Group Member. 
 (c)
Procedure. The parties to each Sale made in reliance on clause (b) above (other than those described in clause (e) or (f) below) shall execute and deliver to the Administrative Agent an Assignment via an
electronic settlement system designated by the Administrative Agent (or if previously agreed with the Administrative Agent, via a manual execution and delivery of the assignment) evidencing such Sale, together with any existing Note subject to such
Sale (or any affidavit of loss therefor acceptable to the Administrative Agent), any tax forms required to be delivered pursuant to Section 2.17(f) and payment of an assignment fee in the amount of $3,500, provided that (1) if a
Sale by a Lender is made to an Affiliate or an Approved Fund of such assigning Lender, then no assignment fee shall be due in connection with such Sale, and (2) if a Sale by a Lender is made to an assignee that is not an Affiliate or Approved
Fund of such assignor Lender, and concurrently to one or more Affiliates or Approved Funds of such assignee, then only one assignment fee of $3,500 shall be due in connection with such Sale. Upon receipt of all the foregoing, and conditioned upon
such receipt and, if such assignment is made in accordance with Section 11.2(b)(iii), upon the Administrative Agent (and the Borrower, if applicable) accepting such assignee as provided in clause (b), from and after the effective
date specified in such Assignment, the Administrative Agent shall record or cause to be recorded in the Register the information contained in such Assignment. 
  

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 (d) Effectiveness. Subject to the recording of an Assignment by the Administrative Agent in the
Register pursuant to Section 2.14(b), (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, shall
have the rights and obligations of a Lender, (ii) any applicable Note shall be transferred to such assignee through such entry 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, relinquish its rights (except for those surviving the termination of the Commitments and 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 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 except that each Lender agrees to remain bound by Article X, Section 11.9 (Right of Setoff) and Section 11.10 (Sharing of Payments) to the extent provided in
Section 10.11 (Additional Beneficiaries of Collateral)). 
 (e) Grant of Security Interests. In addition to the
other rights provided in this Section 11.2, each Lender may grant a security interest in, or otherwise assign as collateral, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of
principal or interest on the Loans), without notice to the Administrative Agent, to (A) any federal reserve bank (pursuant to Regulation A of the Federal Reserve Board) or (B) any holder of, or trustee for the benefit of the holders of,
such Lender’s Securities; provided, however, that no such holder or trustee, whether because of such grant or assignment or any foreclosure thereon (unless such foreclosure is made through an assignment in accordance with
clause (b) above), shall substitute such holder or trustee for such Lender as a party hereto and no such Lender shall be relieved of any of its obligations hereunder. 
 (f) Participants and SPVs. In addition to the other rights provided in this Section 11.2, each Lender may, (x) with notice to the
Administrative Agent, grant to an SPV 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 such SPV and the making of Loans pursuant thereto shall satisfy
the obligation of such Lender to make such Loans hereunder) and such SPV may assign to such Lender the right to receive payment with respect to any Obligation and (y) without notice to or consent from the Administrative Agent or the Borrower,
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 Term Loans); provided, however, that, whether as
a result of any term of any Loan Document or of such grant or participation, (i) no such SPV or participant shall have a commitment, or be deemed to have made an offer to commit, to make Loans hereunder, and, except as provided in the
applicable option agreement, none shall be liable for any obligation of such Lender hereunder, (ii) such Lender’s rights and obligations, and the rights and obligations of the Loan Parties and the Secured Parties towards such Lender, under
any Loan Document shall remain unchanged and each other party hereto shall continue to deal solely with such Lender, which shall remain the holder of the Obligations in the Register, except that (A) each such participant and SPV shall be
entitled to the benefit of Sections 2.16 (Breakage Costs; Increased Costs; Capital Requirements), 2.17 (Taxes and 2.19 (Prepayment 

  

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Premium)), but only, with respect to Section 2.17, to the extent such participant or SPV delivers the tax forms such Lender is required to
collect pursuant to Section 2.17(f) and then only to the extent of any amount to which such Lender would be entitled in the absence of any such grant or participation and (B) each such SPV may receive other payments that would
otherwise be made to such Lender with respect to Loans funded by such SPV to the extent provided in the applicable option agreement and set forth in a notice provided to the Administrative Agent by such SPV and such Lender, provided,
however, that in no case (including pursuant to clause (A) or (B) above) shall an SPV or participant have the right to enforce any of the terms of any Loan Document, and (iii) the consent of such SPV or
participant shall not be required (either directly, as a restraint on such Lender’s ability to consent hereunder or otherwise) for any amendments, waivers or consents with respect to any Loan Document or to exercise or refrain from exercising
any powers or rights such Lender may have under or in respect of the Loan Documents (including the right to enforce or direct enforcement of the Obligations), except for those described in clauses (iii) and (iv) of
Section 11.1(a) with respect to amounts, or dates fixed for payment of amounts, to which such participant or SPV would otherwise be entitled and, in the case of participants, except for those described in Section 11.1(a)(v)
(or amendments, consents and waivers with respect to Section 10.10 to release all or substantially all of the Collateral). No party hereto shall institute (and each of Borrower and Holdings shall cause each other Loan Party not to
institute) against any SPV grantee of an option pursuant to this clause (f) any bankruptcy, reorganization, insolvency, liquidation or similar proceeding, prior to the date that is one year and one day after the payment in full of all
outstanding commercial paper of such SPV; provided, however, that each Lender having designated an SPV as such agrees to indemnify each Indemnitee against any Liability that may be incurred by, or asserted against, such Indemnitee as a result of
failing to institute such proceeding (including a failure to get reimbursed by such SPV for any such Liability). The agreement in the preceding sentence shall survive the termination of the Commitments and the payment in full of the Obligations.

 Section 11.3 Effectiveness of the Acquisition. Acquired Company shall have no rights or obligations hereunder until the
consummation of the Acquisition and any representations and warranties of Acquired Company and its Subsidiaries hereunder shall not become effective until such time. Upon consummation of the Acquisition, all representations and warranties of
Acquired Company shall become effective as of the date hereof, without any further action by any Person. 
 Section 11.4 Costs and Expenses. Any action taken by any Loan Party under or with respect to any Loan Document, even if required under any Loan Document or at the request of any Secured Party, shall be
at the expense of such Loan Party, and no Secured Party shall be required under any Loan Document to reimburse any Loan Party or Group Member therefore, except as expressly provided therein. In addition, except as expressly provided herein, the
Borrower agrees to pay or reimburse upon demand (a) the Administrative Agent and the Syndication Agent for all reasonable out-of-pocket costs and expenses incurred by it or any of its Related Persons in connection with the investigation,
development, preparation, negotiation, syndication, execution, interpretation or administration of, any modification of any term of or termination of, any Loan Document, any commitment or proposal letter therefor, any other document prepared in
connection therewith or the consummation and administration of any transaction contemplated therein (including periodic audits in connection therewith and environmental audits and assessments), in each case including the reasonable fees, charges and
disbursements of legal counsel to the Administrative Agent or such Related Persons, fees, costs and expenses incurred in connection with Intralinks® or any other E-System and allocated to
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Administrative Agent in its sole discretion and fees, charges and disbursements of the auditors, appraisers, printers and other of their Related Persons
retained by or on behalf of any of them or any of their Related Persons, (b) the Administrative Agent for all reasonable costs and expenses incurred by it or any of its Related Persons in connection with internal audit reviews, field
examinations and Collateral examinations (which shall be reimbursed, in addition to the out-of-pocket costs and expenses of such examiners, at the per diem rate per individual charged by the Administrative Agent for its examiners) and (c) each
of the Administrative Agent, its Related Persons, and each Lender for all costs and expenses incurred in connection with (i) any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out”,
(ii) the enforcement or preservation of any right or remedy under any Loan Document, any Obligation, with respect to the Collateral or any other related right or remedy or (iii) the commencement, defense, conduct of, intervention in, or
the taking of any other action with respect to, any proceeding (including any bankruptcy or insolvency proceeding) related to any Group Member, Loan Document, Obligation or Related Transaction (or the response to and preparation for any subpoena or
request for document production relating thereto), including fees and disbursements of counsel (including allocated costs of internal counsel). 
 Section 11.5 Indemnities. (a) To the extent permitted by applicable law, the Borrower agrees to indemnify, hold harmless and defend the Administrative Agent, each Lender, each Secured Hedging Counterparty and each of
their respective Related Persons (each such Person being an “Indemnitee”) from and against all Liabilities (including brokerage commissions, fees and other compensation) that may be imposed on, incurred by or asserted against any
such Indemnitee in any matter relating to or arising out of, in connection with or as a result of (i) any Loan Document, any Related Document, any Disclosure Document, any Obligation (or the repayment thereof), the use or intended use of the
proceeds of any Loan or any Related Transaction, or any securities filing of, or with respect to, any Group Member, (ii) any commitment letter, proposal letter or term sheet with any Person or any Contractual Obligation, arrangement or
understanding with any broker, finder or consultant, in each case entered into by or on behalf of the Acquired Company, any Group Member or any Affiliate of any of them in connection with any of the foregoing and any Contractual Obligation entered
into in connection with any E-Systems or other Electronic Transmissions, (iii) any actual or prospective investigation, litigation or other proceeding, whether or not brought by any Group Member, any such Indemnitee or any of its Related
Persons, any holders of Securities or creditors (and including attorneys’ fees in any case), whether or not any such Group Member, Indemnitee, Related Person, holder or creditor is a party thereto, and whether or not based on any securities or
commercial law or regulation or any other Requirement of Law or theory thereof, including common law, equity, contract, tort or otherwise, or (iv) any other act, event or transaction related, contemplated in or attendant to any of the foregoing
(collectively, the “Indemnified Matters”); provided, however, that the Borrower shall not have any liability under this Section 11.5 to any Indemnitee with respect to any Indemnified Matter, and no
Indemnitee shall have any liability with respect to any Indemnified Matter other than (to the extent otherwise liable), to the extent such liability has resulted primarily from the gross negligence or willful misconduct of such Indemnitee, as
determined by a court of competent jurisdiction in a final non-appealable judgment or order. Furthermore, each of Holdings and the Borrower, to the extent permitted by applicable law, waives and agrees not to assert against any Indemnitee, and shall
cause each other Loan Party to waive and not assert against any Indemnitee, any right of contribution with respect to any Liabilities that may be imposed on, incurred by or asserted against any Related Person. 
  

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 (b) Without limiting the foregoing, “Indemnified Matters” includes all Environmental
Liabilities, including those arising from, or otherwise involving, any property of any Group Member or any actual, alleged or prospective damage to property or natural resources or harm or injury alleged to have resulted from any Release of
Hazardous Materials on, upon or into such property or natural resource or any property on or contiguous to any real property of any Group Member, whether or not, with respect to any such Environmental Liabilities, any Indemnitee is a mortgagee
pursuant to any leasehold mortgage, a mortgagee in possession, the successor-in-interest to any Group Member or the owner, lessee or operator of any property of any Group Member through any foreclosure action, in each case except to the extent such
Environmental Liabilities (i) are incurred solely following foreclosure by any Secured Party or following any Secured Party having become the successor-in-interest to any Loan Party and (ii) are attributable solely to acts of such
Indemnitee. 
 Section 11.6 Survival. Any indemnification or other protection provided to any Indemnitee pursuant to any Loan
Document (including pursuant to Section 2.17 (Taxes), Section 2.16 (Breakage Costs; Increased Costs; Capital Requirements), Article X (The Administrative Agent), Section 11.4
(Costs and Expenses), Section 11.5 (Indemnities) or this Section 11.6) and all representations and warranties made in any Loan Document shall (A) survive the termination of the Commitments and the payment
in full of other Obligations and (B) inure to the benefit of any Person that at any time held a right thereunder (as an Indemnitee or otherwise) and, thereafter, its successors and permitted assigns. 
 Section 11.7 Limitation of Liability for Certain Damages. In no event shall any Indemnitee be liable on any theory of liability for any
special, indirect, consequential or punitive damages (including any loss of profits, business or anticipated savings). Each of Holdings and the Borrower hereby waives, releases and agrees (and shall cause each other Loan Party to waive, release and
agree) 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. 
 Section 11.8 Lender-Creditor Relationship. The relationship between the Lenders and the Administrative Agent, on the one hand, and the Loan
Parties, on the other hand, is solely that of lender and creditor. No Secured Party has any fiduciary relationship or duty to any Loan Party arising out of or in connection with, and there is no agency, tenancy or joint venture relationship between
the Secured Parties and the Loan Parties by virtue of, any Loan Document or any transaction contemplated therein. 
 Section 11.9
Right of Setoff. Each of the Administrative Agent, each Lender and each Affiliate (including each branch office thereof) of any of them is hereby authorized, without notice or demand (each of which is hereby waived by Holdings and the
Borrower), at any time and from time to time during the continuance of any Event of Default and to the fullest extent permitted by applicable Requirements of Law, to set off and apply any and all deposits (whether general or special, time or demand,
provisional or final) at any time held and other Indebtedness, claims or other obligations at any time owing by the Administrative Agent, such Lender or any of their respective Affiliates to or for the credit or the account of Holdings or the
Borrower against any Obligation of any Loan Party now or hereafter existing, whether or not any demand was made under any Loan Document with respect to such Obligation and even though such Obligation may be unmatured. Each of the Administrative
Agent and each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application made by such Lender or its Affiliates; 

  

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provided, however, that the failure to give such notice shall not affect the validity of such setoff and application. The rights under this
Section 11.9 are in addition to any other rights and remedies (including other rights of setoff) that the Administrative Agent and the Lenders, and their Affiliates and other Secured Parties may have. 
 Section 11.10 Sharing of Payments, Etc. If any Lender, directly or through an Affiliate or branch office thereof, obtains any payment of
any Obligation of any Loan Party (whether voluntary, involuntary or through the exercise of any right of setoff or the receipt of any Collateral or “proceeds” (as defined under the applicable UCC) of Collateral) other than pursuant
to Sections 2.16 (Breakage Costs; Increased Costs; Capital Requirements), 2.17 (Taxes) and 2.18 (Substitution of Lenders) and such payment exceeds the amount such Lender would have been entitled to
receive if all payments had gone to, and been distributed by, the Administrative Agent in accordance with the provisions of the Loan Documents, such Lender shall purchase for cash from other Secured Parties such participations in their Obligations
as necessary for such Lender to share such excess payment with such Secured Parties to ensure such payment is applied as though it had been received by the Administrative Agent and applied in accordance with this Agreement (or, if such application
would then be at the discretion of the Borrower, applied to repay the Obligations in accordance herewith); provided, however, that (a) if such payment is rescinded or otherwise recovered from such Lender in whole or in part, such
purchase shall be rescinded and the purchase price therefor shall be returned to such Lender without interest and (b) such Lender shall, to the fullest extent permitted by applicable Requirements of Law, be able to exercise all its rights of
payment (including the right of setoff) 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 11.11 Marshaling; Payments Set Aside. No Secured Party shall be under any obligation to marshal any property in favor of any Loan
Party or any other party or against or in payment of any Obligation. To the extent that any Secured Party receives a payment from the Borrower, from the proceeds of the Collateral, from the exercise of its rights of setoff, any enforcement action or
otherwise, and such payment is subsequently, in whole or in part, 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, rights and remedies therefor, shall be revived and continued in full force and effect as if such payment had not occurred. 
 Section 11.12 Notices. (a) Addresses. All notices, demands, requests,
directions and other communications required or expressly authorized to be made by this Agreement shall, whether or not specified to be in writing but unless otherwise expressly specified to be given by any other means, be given in writing and
(i) addressed to (A) if to Holdings or the Borrower, to Medical Staffing Network, Inc., 901 Yamato Road, Suite 110, Boca Raton, Florida 33431, Attention: Kevin Little, Tel: (561) 322-XXXX, Fax: (561) 322-XXXX, with copy to
Akerman Senterfitt, 222 Lakeview Avenue, 4th Floor, West Palm Beach, Florida 33401-XXXX, Attention: Kim Hines, Esq., Tel: (561) 671-XXXX, Fax:
(561) 659-XXXX, (B) if to the Administrative Agent to General Electric Capital Corporation, 2 Bethesda Metro Center, Suite 600, Bethesda, Maryland 20814, Attention: Medical Staffing Network Account Manager, Tel: (301) 634-XXXX Fax:
(866) 673-XXXX, with copy to General Electric Capital Corporation, 2 Bethesda Metro Center, Suite 600, Bethesda, Maryland 20814, Attention: General Counsel, Tel: (301) 634-XXXX, Fax: (301) 664-XXXX and (C) otherwise to the party
to be notified at its address specified opposite its name on Schedule II or on the signature page of any applicable Assignment, (ii) posted 

  

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to Intralinks® (to the extent such system is available and set up by or at the direction of the
Administrative Agent prior to posting) in an appropriate location by uploading such notice, demand, request, direction or other communication to www.intralinks.com, faxing it to (866) 545-XXXX with an appropriate bar-coded fax coversheet or
using such other means of posting to Intralinks® as may be available and reasonably acceptable to the Administrative Agent prior to such posting, (iii) posted to any other E-System set
up by or at the direction of the Administrative Agent in an appropriate location or (iv) addressed to such other address as shall be notified in writing (A) in the case of the Borrower and the Administrative Agent, to the other parties
hereto and (B) in the case of all other parties, to the Borrower and the Administrative Agent. Transmission by electronic mail (including E-Fax, even if transmitted to the fax numbers set forth in clause (i) above) shall not be
sufficient or effective to transmit any such notice under this clause (a) unless such transmission is an available means to post to any E-System. 
 (b) Effectiveness. All communications described in clause (a) above and all other notices, demands, requests and other communications made in connection with this Agreement shall be effective and be
deemed to have been received (i) if delivered by hand, upon personal delivery, (ii) if delivered by overnight courier service, one Business Day after delivery to such courier service, (iii) if delivered by mail, when deposited in the
mails, (iv) if delivered by facsimile (other than to post to an E-System pursuant to clause (a)(ii) or (a)(iii) above), upon sender’s receipt of confirmation of proper transmission, and (v) if delivered by posting to any
E-System, on the later of the date of such posting in an appropriate location and the date access to such posting is given to the recipient thereof in accordance with the standard procedures applicable to such E-System; provided,
however, that no communications to the Administrative Agent pursuant to Article II or Article X shall be effective until received by the Administrative Agent. 
 Section 11.13 Electronic Transmissions. (a) Authorization. Subject to the provisions of Section 11.12(a), each of
the Administrative Agent, the Borrower, the Lenders and each of their Related Persons is authorized (but not required) to transmit, post or otherwise make or communicate, in its sole discretion, Electronic Transmissions in connection with any Loan
Document and the transactions contemplated therein. Each of Holdings, the Borrower and each Secured Party hereby acknowledges and agrees, and each of Holdings and the Borrower shall cause each other Group Member to acknowledge and agree, that the
use of Electronic Transmissions is not necessarily secure and that there are risks associated with such use, including risks of interception, disclosure and abuse and each indicates it assumes and accepts such risks by hereby authorizing the
transmission of Electronic Transmissions. 
 (b) Signatures. Subject to the provisions of Section 11.12(a), (i)(A) no
posting to any E-System shall be denied legal effect merely because it is made electronically, (B) each E-Signature on any such posting shall be deemed sufficient to satisfy any requirement for a “signature” and (C) each such
posting shall be deemed sufficient to satisfy any requirement for a “writing”, in each case including pursuant to any Loan Document, any applicable provision of any UCC, the federal Uniform Electronic Transactions Act, the Electronic
Signatures in Global and National Commerce Act and any substantive or procedural Requirement of Law governing such subject matter, (ii) each such posting that is not readily capable of bearing either a signature or a reproduction of a signature
may be signed, and shall be deemed signed, by attaching to, or logically associating with such posting, an E-Signature, upon which each Secured Party and Loan Party may rely and assume the authenticity thereof, (iii) each such posting
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a reproduction of a signature or an E-Signature shall, for all intents and purposes, have the same effect and weight as a signed paper original and
(iv) each party hereto or beneficiary hereto agrees not to contest the validity or enforceability of any posting on any E-System or E-Signature on any such posting under the provisions of any applicable Requirement of Law requiring certain
documents to be in writing or signed; provided, however, that nothing herein shall limit such party’s or beneficiary’s right to contest whether any posting to any E-System or E-Signature has been altered after transmission.

 (c) Separate Agreements. All uses of an E-System shall be governed by and subject to, in addition to Section 11.12 and
this Section 11.13, separate terms and conditions posted or referenced in such E-System and related Contractual Obligations executed by Secured Parties and Group Members in connection with the use of such E-System. 
 (d) Limitation of Liability. All E-Systems and Electronic Transmissions shall be provided “as is” and “as available”. None of
Administrative Agent or any of its Related Persons warrants the accuracy, adequacy or completeness of any E-Systems or Electronic Transmission, and each disclaims all liability for errors or omissions therein. No Warranty of any kind is made by the
Administrative Agent or any of its Related Persons in connection with any E-Systems or Electronic Communication, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from
viruses or other code defects. Each of Holdings, the Borrower and each Secured Party agrees (and each of Holdings and the Borrower shall cause each other Loan Party to agree) that the Administrative Agent has no responsibility for maintaining or
providing any equipment, software, services or any testing required in connection with any Electronic Transmission or otherwise required for any E-System. 
 Section 11.14 Governing Law. This Agreement, each other Loan Document that does not expressly set forth its applicable law, and the rights and obligations of the parties hereto and thereto shall be
governed by, and construed and interpreted in accordance with, the law of the State of New York. 
 Section 11.15 Jurisdiction.
(a) Submission to Jurisdiction. Any legal action or proceeding with respect to any Loan Document may be brought in the courts of the State of New York located in the City of New York, Borough of Manhattan, or of the United States of
America for the Southern District of New York and, by execution and delivery of this Agreement, each of Holdings and the Borrower hereby accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the
aforesaid courts. The parties hereto (and, to the extent set forth in any other Loan Document, each other Loan Party) 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 jurisdictions. 
 (b)
Service of Process. Each of Holdings and Borrower (and, to the extent set forth in any other Loan Document, each other Loan Party) hereby irrevocably waives personal service of any and all legal process, summons, notices and other documents
and other service of process of any kind and consents to such service in any suit, action or proceeding brought in the United States of America with respect to or otherwise arising out of or in connection with any Loan Document by any means
permitted by applicable Requirements of Law, including by the mailing thereof (by registered or certified mail, postage prepaid) to the address of Borrower 

  

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specified in Section 11.12 (and shall be effective when such mailing shall be effective, as provided therein). Each of Holdings and the Borrower
(and, to the extent set forth in any other Loan Document, each other Loan Party) 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. 
 (c) Non-Exclusive Jurisdiction. Nothing contained in this Section 11.15 shall affect the right
of the Administrative Agent or any Lender to serve process in any other manner permitted by applicable Requirements of Law or commence legal proceedings or otherwise proceed against any Loan Party in any other jurisdiction. 
 Section 11.16 Waiver of Jury Trial. Each party hereto hereby irrevocably waives trial by jury in any suit, action or proceeding with
respect to, or directly or indirectly arising out of, under or in connection with, any Loan Document or the transactions contemplated therein or related thereto (whether founded in contract, tort or any other theory). Each party hereto
(A) certifies that no other party and no Related Person of any other party has represented, expressly or otherwise, that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (B) acknowledges that
it and the other parties hereto have been induced to enter into the Loan Documents, as applicable, by the mutual waivers and certifications in this Section 11.16. 
 Section 11.17 Severability. Any provision of any Loan Document being held illegal, invalid or unenforceable in any jurisdiction shall not
affect any part of such provision not held illegal, invalid or unenforceable, any other provision of any Loan Document or any part of such provision in any other jurisdiction. 
 Section 11.18 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. Delivery of an executed signature page of this Agreement by facsimile transmission or Electronic Transmission shall be as effective as delivery of a manually executed counterpart hereof. 
 Section 11.19 Entire Agreement. The Loan Documents embody the entire agreement of the parties and supersede all prior agreements and
understandings relating to the subject matter thereof and any prior letter of interest, commitment letter, fee letter, confidentiality and similar agreements involving any Loan Party and any of the Administrative Agent, any Lender or any of their
respective Affiliates relating to a financing of substantially similar form, purpose or effect. In the event of any conflict between the terms of this Agreement and any other Loan Document, the terms of this Agreement shall govern (unless such terms
of such other Loan Documents are necessary to comply with applicable Requirements of Law, in which case such terms shall govern to the extent necessary to comply therewith). 
 Section 11.20 Use of Name. Each of Holdings and the Borrower agrees, and shall cause each other Loan Party to agree, that it shall not, and
none of its Affiliates shall, issue any press release or other public disclosure (other than any document filed with any Governmental Authority relating to a public offering of the Securities of any Loan Party) using the name, logo or otherwise
referring to GE Capital or of any of its Affiliates, the Loan Documents or any transaction contemplated therein to which the Secured Parties are party without at least 2 Business Days’ prior notice to GE Capital and without the prior
consent of GE Capital except to the extent required to do so under applicable Requirements of Law and then, only after consulting with GE Capital prior thereto. 
  

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 Section 11.21 Non-Public Information; Confidentiality. (a) Each Lender acknowledges
and agrees that it may receive material non-public information hereunder concerning the Loan Parties and their Affiliates and Securities and agrees to use such information in compliance with all relevant policies, procedures and Contractual
Obligations and applicable Requirements of Laws (including United States federal and state security laws and regulations). 
 (b) Each Lender
and the Administrative Agent agrees to use all reasonable efforts to maintain, in accordance with its customary practices, the confidentiality of information obtained by it pursuant to any Loan Document and designated in writing by any Loan Party as
confidential, except that such information may be disclosed (i) with the Borrower’s consent, (ii) to Related Persons of such Lender or the Administrative Agent, as the case may be, that are advised of the confidential nature of such
information and are instructed to keep such information confidential, (iii) 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 any Loan Party, (iv) to the extent disclosure is required by applicable Requirements of Law or other legal process or requested or demanded by any Governmental Authority, (v) to the extent necessary or customary
for inclusion in league table measurements or in any tombstone or other advertising materials (and the Loan Parties consent to the publication of such tombstone or other advertising materials by the Administrative Agent, any Lender or any of their
Related Persons), (vi) to the National Association of Insurance Commissioners or any similar organization, any examiner or any nationally recognized rating agency or otherwise to the extent consisting of general portfolio information that does
not identify borrowers, (vii) to current or prospective assignees, SPV grantees of any option described in Section 11.2(f) or participants, direct or contractual counterparties to any Hedging Agreement permitted hereunder and to
their respective Related Persons, in each case to the extent such assignees, participants, counterparties or Related Persons agree to be bound by provisions substantially similar to the provisions of this Section 11.21 and (viii) in
connection with the exercise of any remedy under any Loan Document. In the event of any conflict between the terms of this Section 11.21 and those of any other Contractual Obligation entered into with any Loan Party (whether or not a
Loan Document), the terms of this Section 11.21 shall govern. 
 Section 11.22 Patriot Act Notice. Each Lender
subject to the USA Patriot Act of 2001 (31 U.S.C. 5318 et seq.) hereby notifies the Borrower that, pursuant to Section 326 thereof, it is required to obtain, verify and record information that identifies the Borrower, including the name and
address of the Borrower and other information allowing such Lender to identify the Borrower in accordance with such act. 
 [SIGNATURE PAGES
FOLLOW] 
  

 CREDIT AGREEMENT 
 MEDICAL
STAFFING NETWORK, INC. 
 83 

 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. 
  

			
	 MEDICAL STAFFING NETWORK, INC.
 AS BORROWER

		
	By:	 	/s/ Kevin S. Little
		 	Name: Kevin S. Little
		 	Title: President and CFO
	
	 MEDICAL STAFFING HOLDINGS, LLC
 AS HOLDINGS

		
	By:	 	/s/ Kevin S. Little
		 	Name: Kevin S. Little
		 	Title: President and CFO
	
	MEDICAL STAFFING NETWORK
HOLDINGS, INC. AS HOLDINGS
		
	By:	 	/s/ Kevin S. Little
		 	Name: Kevin S. Little
		 	Title: President and CFO

 Medical Staffing Network 
 Second Lien Credit Agreement 
 Signature Page 

			
	GENERAL ELECTRIC CAPITAL CORPORATION AS ADMINISTRATIVE AGENT AND LENDER
		
	By:	 	/s/ Andrew D. Moore
		 	Name: Andrew D. Moore
		 	Title: Its Duly Authorized Signatory

 Medical Staffing Network 
 Second Lien Credit Agreement 
 Signature Page 

			
	MERRILL LYNCH CAPITAL, A DIVISION OF MERRILL LYNCH BUSINESS FINANCIAL SERVICES INC. AS SYNDICATION AGENT AND LENDER
		
	By:	 	Marc A. Preiser
		 	Name: Marc A. Preiser
		 	Title: Managing Director

 Medical Staffing Network 
 Second Lien Credit Agreement 
 Signature PageExhibit 10.2

 Exhibit 10.2 
 AGREEMENT AND PLAN OF MERGER 
 SAFARI VENTURES LLC 
 AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of August 9, 2007 by and among Safari Ventures LLC, a Delaware limited
liability company (the “Investment Entity”), DuPont Fabros Technology, Inc., a Maryland corporation (“DF REIT”), DuPont Fabros Technology L.P., a Maryland limited partnership and operating subsidiary
of DF REIT (the “OP”) and Safari Interests LLC, a Delaware limited liability company and wholly owned subsidiary of the OP (the “OP Sub”). 
 RECITALS 
 WHEREAS, DF REIT and the OP are considering engaging in a series of
related transactions pursuant to which, among other things, (i) the OP would acquire interests in various limited liability companies that own, among other assets, real property, and (ii) DF REIT would effect an initial public offering of
its shares of common stock, par value $0.001 per share (“REIT Shares”), and contribute the proceeds therefrom for a like number of units of limited partnership interest in the OP (“OP Units”) (the
“IPO,” and together with the other transactions in connection therewith, the “IPO Transactions”); 
 WHEREAS, the parties hereto have determined that, in order to facilitate the IPO, it is in their respective best interests, on the terms and subject to the conditions hereinafter set forth, that (i) the OP Sub be merged with and into
the Investment Entity, with the Investment Entity surviving, and (ii) the outstanding limited liability company interests in the Investment Entity (the “Membership Interests”) be converted into the right to receive the
Merger Consideration (as defined below); 
 WHEREAS, Eden Management LLC, a Delaware limited liability company and the managing member of the
Investment Entity (the “Managing Member”), has determined that the Merger, including this Agreement, is advisable, fair to, and in the best interest of holders of Membership Interests (“Members”), and
has approved the Merger and this Agreement, and resolved to recommend that the Members approve the Merger and this Agreement, pursuant to a written consent of the Managing Member dated as of August 7, 2007; 
 WHEREAS, the OP, as the sole member of the OP Sub, has determined that the Merger, including this Agreement, is advisable, fair to and in the best
interests of the OP Sub and its members, and has approved the Merger and this Agreement, and directed that the Merger and this Agreement be submitted for consideration by the members of the OP Sub, pursuant to a unanimous written consent of the sole
member of the OP Sub, dated as of August 7, 2007; 
 WHEREAS, as of the date hereof, Members who, in the aggregate, hold more than fifty
percent (50%) of the percentage interest in the profits of the Investment Entity have approved the Merger pursuant to a Consideration Election and Consent Form (the “Election Form”), a form of which was attached to the
Confidential Election Memorandum (the “CEM”) previously delivered by DF REIT and the OP to each Member on July 5, 2007; and 
 WHEREAS, the sole member of the OP Sub approved and adopted the Merger, including this Agreement, on the terms and subject to the conditions set forth herein, pursuant to a written consent dated as of August 7,
2007. 

 NOW, THEREFORE, for good and valuable consideration and in consideration of the foregoing and of the
representations, warranties, covenants and agreements contained herein, the parties, each intending to be legally bound hereby, agree as follows: 
 ARTICLE 1 
 THE MERGER; CLOSING; EFFECTIVE TIME 
 1.1. THE MERGER. Subject to the terms and conditions of this Agreement, and in accordance with the provisions of the Delaware Limited Liability
Company Act (the “DLLCA”), the OP Sub shall be merged with and into the Investment Entity and the separate existence of the OP Sub shall thereupon cease (the “Merger”). The Investment Entity shall be
the surviving entity in the Merger (sometimes hereinafter referred to as the “Surviving Entity”) and shall continue to be governed by the laws of the State of Delaware, and the separate existence of the Surviving Entity as a
Delaware limited liability company, with all its rights, privileges, immunities, powers and franchises, shall continue unaffected by the Merger. The Merger shall have the effects specified in the DLLCA. 
 1.2. THE CLOSING. Subject to the terms and conditions of this Agreement, the closing of the Merger (the “Closing”) shall
take place (a) at the offices of Cooley Godward Kronish LLP, One Freedom Square, Reston Town Center, 11951 Freedom Drive, Reston, VA 20190-5656, on the day upon which all of the conditions to the Merger shall have been satisfied or waived in
writing, or (b) at such other time, date or place as the Investment Entity and the OP Sub may agree. The date on which the Closing occurs is hereinafter referred to as the “Closing Date.” 
 1.3. EFFECTIVE TIME. If all the conditions to the Merger set forth in Article 7 shall have been satisfied or waived in accordance herewith and
this Agreement shall not have been terminated as provided in Article 8, upon the Closing, the parties hereto shall cause a certificate of merger substantially in the form attached hereto as Exhibit A (the “Certificate of
Merger”) to be executed and filed with the Office of the Secretary of the State of Delaware, as provided in the DLLCA. The Merger shall become effective at the time and on the date specified in the Certificate of Merger filed with the
Secretary of State of the State of Delaware, or, absent any such indication, upon acceptance of the filings (the “Effective Time”). 
 ARTICLE 2 
 NAME, CERTIFICATE OF FORMATION 
 AND OPERATING AGREEMENT 
 OF THE
SURVIVING ENTITY 
 2.1. NAME AND LOCATION OF SURVIVING ENTITY. The name of the Surviving Entity, “Safari Ventures LLC,”
shall continue unchanged at the Effective Time. 
 2.2. CERTIFICATE OF FORMATION. The certificate of formation of the Investment
Entity shall be the certificate of formation of the Surviving Entity until thereafter changed or amended in accordance with the provisions thereof and applicable law. 
 2.3. OPERATING AGREEMENT. The operating agreement of the Investment Entity as in effect immediately prior to the Effective Time shall be the operating agreement of the Surviving Entity 

  

 2 

 
until thereafter changed or amended in accordance with the provisions thereof and applicable law, except that DF REIT shall be deemed to be the Managing
Member (as defined therein) of the Surviving Entity beginning as of the Effective Time and continuing thereafter until replaced or removed pursuant to the terms of the operating agreement of the Surviving Entity. 
 ARTICLE 3 
 CAPITAL CONTRIBUTION AND
MEMBERS OF THE SURVIVING ENTITY 
 3.1. CAPITAL CONTRIBUTION BY DF REIT. Immediately prior to the Effective Time, DF REIT shall
have contributed cash into the Investment Entity in exchange for Investment Entity units representing a one percent interest in the Investment Entity. Notwithstanding anything to the contrary herein, DF REIT waives any rights to receive any cash and
OP Units as consideration for its one percent interest in the Investment Entity pursuant to Article 4 below so that by virtue of the Merger such one percent interest in the Investment Entity may be converted into a one percent interest in the
Surviving Entity at the Effective Time. 
 3.2 SOLE MEMBERS. The OP, the sole member of the OP Sub immediately prior to the Effective
Time, shall hold 99% of the Surviving Entity’s units upon the Effective Time and DF REIT shall own 1% of the Surviving Entity’s units upon the Effective Time. 
 ARTICLE 4 
 EFFECT ON MEMBERSHIP INTERESTS 
 4.1 EFFECT ON MEMBERSHIP INTERESTS. 
 (a) In connection with the Merger and related transactions, DF REIT and the OP have previously delivered to each Member the CEM, including the Election Form, pursuant to which, among other things, in connection with the Merger and subject
to certain conditions and eligibility requirements set forth in the CEM, DF REIT and the OP offered each Member the option to receive as consideration in the Merger either (i) cash, (ii) if eligible, OP Units, or (iii) if eligible, a
combination of the two, in exchange for each such Member’s Membership Interests. 
 (b) At the Effective Time, by virtue of the Merger
and the duly executed Election Form submitted by each Member as of the date hereof, and without any further action on the part of any such Member (with certain terms defined in Exhibit B hereto): 
 (i) Each Member who has validly elected to receive cash pursuant to an Election Form shall be entitled to receive an amount of cash equal to (x) the
product of (A) the Member’s Share of the Aggregate Exchange Amount multiplied by (B) such Member’s Cash Percentage multiplied by (C) 92.0%, less (y) any amount the OP determines it may be required to
withhold for tax purposes; and 
 (ii) Each eligible Member who has validly elected to receive OP Units pursuant to an Election Form shall be
entitled to receive a number of OP Units equal to (x) the product of (A) the Member’s Share of the Aggregate Exchange Amount multiplied by (B) such Member’s OP Unit Percentage divided by (y) the initial
public offering price of a share of DF REIT common stock. 
  

 3 

 The “Aggregate Exchange Amount” has the meaning set forth in Exhibit B hereto.

 A “Member’s Share of the Aggregate Exchange Amount” means the product of (i) the Aggregate Exchange Amount
multiplied by (ii) such Member’s percentage interest in the liquidation of the Investment Entity (as determined by the limited liability agreement of the Investment Entity and with such percentage calculated prior to the
contribution contemplated by Section 3.1 above). 
 A “Member’s Cash Percentage” means the percentage of the
consideration that such Member is entitled to receive in cash in connection with the Merger in accordance with such Member’s Election Form (after taking into account any adjustment made by DF REIT to the percentage of the Merger Consideration
to be received in cash by an Eligible Member, as described in the CEM), subject to Section 4.1(f) hereof. 
 A “Member’s OP
Unit Percentage” means the percentage of the consideration that such Member is entitled to receive in OP Units in connection with the Merger in accordance with such Member’s Election Form (after taking into account any adjustment made
by DF REIT to the percentage of the Merger Consideration to be received in cash by an Eligible Member, as described in the CEM), subject to Section 4.1(f) hereof. 
 (c) Except with respect to DF REIT in accordance with Section 3.1 above, any Member that (i) did not complete both the Election Form and an Investor Questionnaire, the form of which was attached as an
exhibit to the CEM (the “Investor Questionnaire”), and return them to DF REIT on or before the deadline for electing consideration in the Merger set forth in the CEM (the “Election Deadline”), subject
to the right of the OP, in its sole and absolute discretion, to accept such forms after the Election Deadline and prior to the initial filing by DF REIT of its registration statement, to the extent practicable, (ii) is not an Eligible Member
(as defined in the CEM), or (iii) did not specify a desired form of consideration to be received in the Merger, will be deemed to have elected to receive cash, and no OP Units will be issued to such Member. 
 (d) The rights of holders of the OP Units as of the Closing will be as set forth in the Amended and Restated Agreement of Limited Partnership of the OP
(the “OP Agreement”). 
 (e) The OP shall issue OP Units only to those Members who have (i) made each of the
representations and warranties set forth in Exhibit C hereof (which representations were included in the Investor Questionnaire) and (ii) executed and delivered a Limited Partner Acceptance substantially in the form attached hereto as
Exhibit D (the “Limited Partner Acceptance”). The name of each Member, and the number of OP Units issued to such Member, shall be recorded in the books and records of the OP. 
 (f) Each Membership Interest shall no longer be outstanding and shall be canceled and retired and shall cease to exist. 
 (g) The aggregate amount of consideration to be paid to the Members pursuant to Section 4.1(b) hereof, plus any amounts withheld by the OP for tax
purposes, shall be referred to as the “Merger Consideration.” 
  

 4 

 4.2 RIGHTS UPON EXCHANGE. 
 (a) The aggregate amount of the Merger Consideration paid upon the surrender for exchange of Membership Interests in accordance with the terms hereof
shall be deemed to have been issued in full satisfaction of all rights pertaining to such Membership Interests. 
 (b) At and after the
Effective Time, there shall be no transfers on the books and records of the Investment Entity or the OP Sub, as applicable, of Membership Interests or interests in the OP Sub, as applicable, which were outstanding immediately prior to the Effective
Time. 
 (c) No fractional OP Units shall be issued pursuant hereto. The number of OP Units issued to any holder of Membership Interests
immediately prior to the Effective Time shall be rounded to the nearest whole OP Unit. 
 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES 
 5.1
REPRESENTATIONS AND WARRANTIES OF THE INVESTMENT ENTITY. As a material inducement to the OP Sub to enter into this Agreement and to consummate the transactions contemplated hereby, the Investment Entity hereby makes to each of DF REIT, the OP
and the OP Sub each of the representations and warranties set forth in this Article 5.1, which representations and warranties are true and correct as of the date hereof. 
 (a) Organization and Standing. The Investment Entity has been duly formed and is validly existing as a limited liability company in good standing under the DLLCA with the requisite limited liability company
power and authority to own, lease and operate its assets, conduct the business in which it is engaged and perform its obligations under this Agreement. The Investment Entity is duly qualified to transact business and is in good standing under the
laws of each jurisdiction in which it owns or leases assets, or conducts any business, so as to require such qualification. 
 (b)
Authority. The Investment Entity has the requisite limited liability company power and authority to enter into this Agreement and to consummate the Merger and the other transactions contemplated by this Agreement. The execution and delivery
of this Agreement by the Investment Entity and the consummation by the Investment Entity of the Merger and the other transactions contemplated by this Agreement have been duly authorized by all necessary action on the part of the Investment Entity.
This Agreement has been duly executed and delivered by the Investment Entity and constitutes the legal, valid and binding agreement of the Investment Entity enforceable against the Investment Entity in accordance with its terms, except as may be
limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and (b) equitable principles of general applicability relating to
the availability of specific performance, injunctive relief or other equitable remedies. 
 (c) Noncontravention. Neither the entry
into nor the performance of, or compliance with, this Agreement by the Investment Entity has resulted, or will result, in any violation of, or default under, or result in the acceleration of, any obligation under its limited liability company
agreement, or any material mortgage, indenture, lien agreement, note, contract, permit, judgment, decree, order, restrictive covenant, statute, rule, or regulation applicable to the Investment Entity. 
 (d) Capital Structure. All outstanding Membership Interests are, and all such interests that may be issued prior to the Effective Time will be
when issued, duly authorized, validly issued, fully paid 

  

 5 

 
and nonassessable and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right
or any similar right under any provision of the DLLCA, the limited liability company agreement of the Investment Entity or any contract, lease, license, indenture, note, bond or other agreement (a “Contract”) to which the
Investment Entity is a party. There are not any options, warrants, calls, rights, convertible or exchangeable securities, units, commitments, Contracts, arrangements or undertakings to which the Investment Entity is a party (x) obligating the
Investment Entity to issue, deliver or sell, or cause to be issued, delivered or sold, additional Membership Interests or other equity interests in, or any security convertible or exercisable for or exchangeable into any Membership Interests or
other equity interest in, the Investment Entity or (y) obligating the Investment Entity to issue, grant, extend or enter into any such option, warrant, call, right, security, unit, commitment, Contract, arrangement or undertaking. As of the
date of this Agreement, there are no outstanding contractual obligations of the Investment Entity to repurchase, redeem or otherwise acquire any Membership Interests. There are no agreements among Members, voting trusts or other agreements or
understandings to which the Investment Entity is a party or to which it is bound relating to the holding, voting or disposition of the Membership Interests. 
 (e) Litigation. There is no litigation or proceeding, either judicial or administrative, pending or, to the Investment Entity’s knowledge, threatened, affecting its ability to consummate the transactions
contemplated hereby, including the Merger. There is no outstanding order, writ, injunction or decree of any court, government, governmental entity or authority or arbitration against or affecting the Investment Entity, which in any such case would
impair the Investment Entity’s ability to enter into and perform all of its obligations under this Agreement. 
 (f) Liabilities.
The Investment Entity has no material liabilities other than those liabilities that are reflected on the consolidated balance sheet of DuPont Fabros Northern Virginia Data Centers, as of March 31, 2007. 
 (g) No Insolvency Proceedings. No attachments, execution proceedings, assignments for the benefit of creditors, insolvency, bankruptcy,
reorganization or other proceedings are pending or, to the Investment Entity’s knowledge, threatened against the Investment Entity, nor are any such proceedings contemplated by the Investment Entity. 
 (h) No Brokers. The Investment Entity has not entered into, and covenants that it will not enter into, any agreement, arrangement or understanding
with any person or firm which will result in the obligation of the Investment Entity to pay any finder’s fee, brokerage commission or similar payment in connection with the transactions contemplated hereby (other than underwriting fees paid in
connection with the IPO). 
 (i) Securities Laws Matters. The Investment Entity, for itself and each of the Members, acknowledges that
(i) DF REIT and the OP intend the offer and issuance of any OP Units to any Eligible Member (as defined in the CEM) to be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and
applicable state securities laws by virtue of the status of such Member as an “accredited investor” within the meaning of Rule 501(a) of Regulation D under the Securities Act (“Regulation D”) acquiring the OP Units
in a transaction exempt from registration pursuant to Rule 506 of Regulation D, and (ii) in issuing any OP Units pursuant to the terms of this Agreement, DF REIT and the OP are relying on the representations made by each Member electing to
receive OP Units as consideration in the Merger, which representations, as set forth on Exhibit C attached hereto, were included in the Investor Questionnaire. 
  

 6 

 (j) Status as a United States Person. The Investment Entity represents and warrants that it is not
a foreign person within the meaning of Section 1445 of the Internal Revenue Code of 1986, as amended. The Investment Entity’s U.S. taxpayer identification number that has previously been provided to the OP is correct. The Investment
Entity’s office address is the most recent address previously provided to the OP. 
 (k) Terms and Conditions of the Merger. The
Investment Entity has determined that the terms and conditions of the Merger, on an overall basis, are fair and reasonable to the Investment Entity and at least as favorable to the Investment Entity as those that are generally available from persons
capable of similarly performing the Merger. 
 5.2 REPRESENTATIONS AND WARRANTIES OF DF REIT, THE OP AND THE OP SUB. As a material
inducement to the Investment Entity to enter into this Agreement and to consummate the transactions contemplated hereby, DF REIT and the OP hereby make to the Investment Entity each of the representations and warranties set forth in this Article
5.2, which representations and warranties are true and correct as of the date hereof. 
 (a) Organization and Standing of DF REIT. DF
REIT has been duly formed and is validly existing as a corporation in good standing under Maryland law with the requisite power and authority to own, lease and operate its assets, conduct the business in which it is engaged and perform its
obligations under this Agreement. DF REIT is duly qualified to transact business and is in good standing under the laws of each jurisdiction in which it owns or leases assets, or conducts any business, so as to require such qualification.

 (b) Organization and Standing of the OP. The OP has been duly formed and is validly existing as a limited partnership in good
standing under the MRULPA with the requisite partnership power and authority to own, lease and operate its assets, conduct the business in which it is engaged and perform its obligations under this Agreement. The OP is duly qualified to transact
business and is in good standing under the laws of each jurisdiction in which it owns or leases assets, or conducts any business, so as to require such qualification. 
 (c) Organization and Standing of the OP Sub. The OP Sub has been duly formed and is validly existing as a limited liability company in good standing under the DLLCA with the requisite limited liability company
power and authority to own, lease and operate its assets, conduct the business in which it is engaged and perform its obligations under this Agreement. The OP Sub is duly qualified to transact business and is in good standing under the laws of each
jurisdiction in which it owns or leases assets, or conducts any business, so as to require such qualification. 
 (d) Authority. Each
of DF REIT, the OP and the OP Sub has the requisite power and authority to enter into this Agreement and to consummate the Merger and the other transactions contemplated by this Agreement. The execution and delivery of this Agreement by DF REIT, the
OP and the OP Sub and the consummation by DF REIT, the OP and the OP Sub of the Merger and the other transactions contemplated by this Agreement have been duly authorized by all necessary action on the part of DF REIT, the OP and the OP Sub. This
Agreement has been duly executed and delivered by DF REIT, the OP and the OP Sub and constitutes the legal, valid and binding agreement of DF REIT, the OP and the OP Sub enforceable against each of them in accordance with its terms, except as may be
limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and (b) equitable principles of general applicability relating to
the availability of specific performance, injunctive relief or other equitable remedies. 
  

 7 

 (e) Noncontravention. Neither the entry into nor the performance of, or compliance with, this
Agreement by DF REIT, the OP or the OP Sub has resulted, or will result, in any violation of, or default under, or result in the acceleration of, any obligation under its limited liability company agreement, or any material mortgage, indenture, lien
agreement, note, contract, permit, judgment, decree, order, restrictive covenant, statute, rule, or regulation applicable to DF REIT, the OP or the OP Sub. 
 (f) Capital Structure. The OP Units, when issued, will have been duly and validly authorized and issued, free of any preemptive or similar rights, without any obligation to restore capital except as required by
the MRULPA or as agreed between the OP and any limited partner in the OP. 
 (g) Litigation. There is no litigation or proceeding,
either judicial or administrative, pending or, to DF REIT’s, the OP’s or the OP Sub’s knowledge, threatened, affecting its ability to consummate the transactions contemplated hereby, including the Merger. There is no outstanding
order, writ, injunction or decree of any court, government, governmental entity or authority or arbitration against or affecting DF REIT, the OP or OP Sub, which in any such case would impair DF REIT’s, the OP’s or the OP Sub’s
ability to enter into and perform all of its obligations under this Agreement. 
 (h) No Insolvency Proceedings. No attachments,
execution proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings are pending or, to DF REIT’s, the OP’s or the OP Sub’s knowledge, threatened against DF REIT, the OP or the
OP Sub, nor are any such proceedings contemplated by the OP Sub. 
 (i) No Brokers. Neither of DF REIT, the OP or the OP Sub has
entered into, and each of them covenants that it will not enter into, any agreement, arrangement or understanding with any person or firm which will result in the obligation of DF REIT, the OP or the OP Sub to pay any finder’s fee, brokerage
commission or similar payment in connection with the transactions contemplated hereby (other than underwriting fees paid in connection with the IPO). 
 ARTICLE 6 
 COVENANTS 
 6.1 CARRYING ON IN THE ORDINARY COURSE OF BUSINESS. From the date hereof to the Closing Date, each of the parties hereto shall conduct its
business in the ordinary course in all material respects, except that each party may take such actions and execute such documents as may be required to effectuate the Merger, the IPO Transactions and any related transactions. 
 6.2 FURTHER ASSURANCES. The Investment Entity shall execute and deliver to DF REIT, the OP and the OP Sub all such other and further instruments
and documents and take or cause to be taken all such other and further actions as either of them may reasonably request in order to effect the Merger and the other transactions contemplated by this Agreement. 
 6.3 CONDITIONAL NATURE OF TRANSACTION. The Investment Entity acknowledges and understands that it is a condition to the OP Sub’s obligations
to close the transactions contemplated hereby that the other IPO Transactions shall have occurred (or are occurring simultaneously with the Closing), that the occurrence of any of the other IPO Transactions is wholly within the sole and absolute
discretion of DF REIT and the OP, and that the Investment Entity has no right to force any of the IPO Transactions to occur, on any terms. 
  

 8 

 ARTICLE 7 
 CONDITIONS 
 7.1 CONDITIONS TO THE OP’S, DF REIT’S AND THE OP SUB’S OBLIGATIONS TO
EFFECT THE MERGER. The obligations of DF REIT, the OP and the OP Sub to effect the Merger and the other transactions contemplated by this Agreement are subject to the fulfillment, at or prior to the Closing, of the following conditions (unless
such conditions are waived in writing by the OP Sub and DF REIT): 
 (a) IPO. The IPO, in such form as DF REIT, in its sole and
absolute discretion, shall have determined to be acceptable, shall have occurred (or is occurring simultaneously with the Closing). 
 (b)
Representations and Warranties. The representations and warranties made by the Investment Entity pursuant to this Agreement shall be true and correct in all material respects as of the Closing as though such representations and warranties
were made at the Closing. 
 (c) Performance. The Investment Entity shall have performed and complied in all material respects with
all agreements and covenants that it is required to perform or comply with pursuant to this Agreement prior to the Closing. 
 (d) Legal
Proceedings. No order, statute, rule, regulation, executive order, injunction, stay, decree, or restraining order shall have been enacted, entered, promulgated or enforced by any court of competent jurisdiction or governmental entity that
prohibits the consummation of the Merger, and no litigation or governmental proceeding seeking such an order shall be pending or threatened. 
 (e) Consents and Approvals. All necessary consents of governmental and private parties to effect the Merger and the other transactions contemplated by this Agreement, including, without limitation, consents of any lenders, shall have
been obtained. 
 (f) Reliance on Regulation D. DF REIT shall, based on the advice of its counsel and the representations made by any
Member receiving OP Units as Merger Consideration in such Member’s Investor Questionnaire, be reasonably satisfied that the issuance and the contemplated distribution of OP Units to any such eligible Member may be made without registration
under the Securities Act in reliance on Regulation D under the Securities Act. 
 (g) Certification of Non-Foreign Status. The
Investment Entity shall complete and provide to the OP a certificate of non-foreign status substantially in the form provided in Section 1.1445-2(b)(2)(iv)(B) of the Treasury regulations. 
 (h) Conveyance of ACC5 and ACC6 Parcels. The conveyance of the parcels referred to in the CEM as the ACC5 and ACC6 parcels shall have been
conveyed from Catapult Ventures LLC, a Delaware limited liability company, to Fox Properties LLC, a Delaware limited liability company, free and clear of the lien created by that certain Deed of Trust for the benefit of First Credit Bank, a
California banking corporation, recorded among the land records of Loudoun County, Virginia in Deed Book 1715 at Page 2022, as subsequently modified. 
  

 9 

 7.2 CONDITIONS TO THE INVESTMENT ENTITY’S OBLIGATION TO EFFECT THE MERGER. The obligation of
the Investment Entity to effect the Merger and the other transactions contemplated by this Agreement are subject to the fulfillment, at or prior to the Closing, of the following conditions (unless such conditions are waived in writing by the
Investment Entity): 
 (a) Representations and Warranties. The representations and warranties made by DF REIT and the OP pursuant to
this Agreement shall be true and correct in all material respects as of the Closing as though such representations and warranties were made at the Closing. 
 (b) Performance. DF REIT and the OP shall have performed and complied in all material respects with all agreements and covenants that they each are required to perform or comply with pursuant to this Agreement
prior to the Closing. 
 (c) Legal Proceedings. No order, statute, rule, regulation, executive order, injunction, stay, decree, or
restraining order shall have been enacted, entered, promulgated or enforced by any court of competent jurisdiction or governmental entity that prohibits the consummation of the Merger, and no litigation or governmental proceeding seeking such an
order shall be pending or threatened. 
 (d) Consents and Approvals. All other necessary consents of governmental and private parties
to effect the Merger and other transactions contemplated by this Agreement, including, without limitation, consents of any lenders, shall have been obtained; provided, that the foregoing condition shall be deemed to have been satisfied if DF REIT or
the OP shall have agreed to fully indemnify the Members from any loss, liability, claim, damage or expense arising out of the OP proceeding to effect the Merger without having obtained a necessary consent. 
 (e) Tax Protection Agreement. DF REIT shall have executed the Tax Protection Agreement substantially in the form attached hereto as Exhibit
E (the “Tax Protection Agreement”) for the benefit of the Members. 
 7.3 CLOSING DELIVERIES. 

(a) Closing Deliveries by the Investment Entity. At the Closing, the Investment Entity shall deliver to the OP: 
 (i) a duly executed Limited Partner Acceptance executed by each Member who has elected to receive OP Units pursuant to this Agreement and the CEM;

 (ii) a certificate of non-foreign status substantially in the form of Exhibit F hereto, executed by the appropriate Members; and

 (iii) a duly executed Tax Protection Agreement. 
 (b) Closing Deliveries by the OP. At the Closing, the OP shall deliver to the Investment Entity or, if applicable, the Members, the following: 
 (ii) the OP Units and/or cash; 
  

 10 

 (ii) a duly executed Limited Partner Acceptance; and 
 (iii) a duly executed Tax Protection Agreement. 
 ARTICLE 8 
 TERMINATION 
 8.1 TERMINATION AND ABANDONMENT BY DF REIT, THE OP OR THE OP SUB. DF REIT, the OP or the OP Sub shall have the right to terminate this Agreement and abandon the Merger at any time prior to the filing of the
Certificate of Merger, following the occurrence of any of the following events: 
 (i) the determination by DF REIT, in its sole and absolute
discretion, not to proceed with the IPO Transactions; or 
 (ii) at any time on or after December 31, 2007, for any reason. 

8.2 TERMINATION AND ABANDONMENT BY THE INVESTMENT ENTITY. The Investment Entity shall have the right to terminate this Agreement and abandon
the Merger at any time and for any reason on or after December 31, 2007, but prior to the filing of the Certificate of Merger. 
 8.3
EFFECT OF TERMINATION AND ABANDONMENT. Upon the termination of this Agreement and abandonment of the Merger pursuant to Section 8.1 or 8.2 hereof, this Agreement shall become void and have no effect, and no party shall have any liability
to the other in connection with the transactions contemplated hereby, including the Merger, or as a result of the termination of this Agreement; provided, that the foregoing shall not relieve a party of any liability as a result of a breach of any
of the terms of this Agreement. 
 ARTICLE 9 
 GENERAL PROVISIONS 
 9.1 ENTIRE AGREEMENT. This Agreement, the Exhibits and any documents
delivered by the parties in connection herewith constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements and understandings among the parties with respect thereto. No addition to
or modification of any provision of this Agreement shall be binding upon any party hereto unless made in writing and signed by all parties hereto. 
 9.2 AMENDMENT. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto. 
  

 11 

 9.3 GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws
of the State of Maryland. 
 9.4 COUNTERPARTS. This Agreement may be executed by the parties hereto in separate counterparts, each of
which when so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed
by all of the parties hereto. 
 9.5 HEADINGS. Headings of the Articles and Sections of this Agreement are for the convenience of the
parties only, and shall be given no substantive or interpretive effect whatsoever. 
 9.6 INCORPORATION. All Exhibits attached hereto
and referred to herein are hereby incorporated herein and made a part hereof for all purposes as if fully set forth herein. 
 9.7
SEVERABILITY. Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or
unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any provision of this Agreement is so broad as to be
unenforceable, the provision shall be interpreted to be only so broad as is enforceable. 
 9.8 WAIVER OF CONDITIONS. The conditions
to each of the parties’ obligations to consummate the Merger are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable law. 
 9.9 NO THIRD-PARTY BENEFICIARIES. This Agreement is not intended to confer upon any person other than the parties hereto any rights or remedies
hereunder. 
 [Signature Page Follows] 
  

 12 

 IN WITNESS WHEREOF, the parties have executed this Agreement and caused the same to be duly delivered on
their behalf as of the day and year first written above. 
  

			
	 DUPONT FABROS TECHNOLOGY, INC.,
 a Maryland corporation

		
	By:	 	 /s/ Hossein Fateh

	Name:	 	Hossein Fateh
	Title:	 	Chief Executive Officer
	
	 DUPONT FABROS TECHNOLOGY, L.P.,
 a Maryland limited partnership

		
	By:	 	DuPont Fabros Technology, Inc.,
		 	a Maryland corporation,
		 	its General Partner

					
			
		 	By:	 	 /s/ Hossein Fateh

		 	Name:	 	Hossein Fateh
		 	Title:	 	Chief Executive Officer

			
	
	 SAFARI INTERESTS LLC,
 a Delaware
limited liability company

		
	By:	 	 DuPont Fabros Technology, L.P.,
 a Maryland limited
partnership,
 its Member

					
			
		 	By:	 	DuPont Fabros Technology, Inc.,
		 		 	a Maryland corporation,
		 		 	its General Partner

							
				
		 		 	By:	 	 /s/ Hossein Fateh

		 		 	Name:	 	Hossein Fateh
		 		 	Title:	 	Chief Executive Officer

			
	
	 SAFARI VENTURES LLC,
 a Delaware
limited liability company

		
	By:	 	Eden Management LLC,
		 	a Delaware limited liability company,
		 	its Managing Member

					
			
		 	By:	 	Panda Interests LLC,
		 		 	a Virginia limited liability company,
		 		 	its Managing Member

							
				
		 		 	By:	 	 /s/ Lammot J. du Pont

		 		 		 	Lammot J. du Pont, Manager

 [Signature Page to Safari Ventures LLC Merger Agreement] 

 Exhibit B 
 MERGER CONSIDERATION CALCULATION 
 Definitions (to the extent not defined in the Merger Agreement):

 Aggregate Exchange Amount = 2.1644% * DE 
 DE = Distributable Equity 
 “Distributable Equity” means, at the time of the IPO, the amount of the aggregate
proceeds distributed to all contributors of assets to be owned by DF REIT upon consummation of the IPO. 
  

 B-1 

 Exhibit E 
 FORM OF TAX PROTECTION AGREEMENT 
 THIS TAX PROTECTION AGREEMENT (this “Agreement”) is made
and entered into as of [                    ], 2007 by and among DUPONT FABROS TECHNOLOGY, INC., a Maryland corporation (the
“REIT”), DUPONT FABROS TECHNOLOGY, L.P., a Delaware limited partnership (the “Partnership”), SAFARI VENTURES LLC, a Delaware limited liability company and five entities that will merge into the Partnership, RHINO INTERESTS LLC, a
Delaware limited liability company, QUILL VENTURES LLC, a Delaware limited liability company, LEMUR VENTURES LLC, a Delaware limited liability company, MEERKAT INTERESTS LLC, a Delaware limited liability company, and GRIZZLY INTERESTS LLC, a
Delaware limited liability company (each, together with Safari Ventures LLC, a “Merging Entity” and collectively the “Merging Entities”) and each of the undersigned parties hereto identified as “Protected Partners.”

 WHEREAS, pursuant to those certain Merger Agreements, dated as of
[                    ], 2007, (the “Merger Agreements”), each of the Merging Entities (other than Safari Ventures LLC) will merge
into the Partnership, with the Partnership surviving, and a subsidiary of the Partnership will merge into Safari Ventures LLC, with Safari Ventures LLC surviving, with certain of the members of the Merging Entities (each a “Protected
Partner” and collectively the “Protected Partners”) exchanging all of such member’s interests in the Merging Entities, in exchange for Ordinary Units of limited partnership interest in the Partnership (“Units”) and with
other members of the Merging Entities receiving cash; 
 WHEREAS, it is intended for federal income tax purposes that the Mergers (other than
the Merger of a subsidiary of the Partnership into Safari Ventures LLC) will treated as an “assets over form” merger, as prescribed by Treasury Regulations Sections 1.708-1(c)(3)(i) and 1.708-1(c)(4), and the Merger of a subsidiary of the
Partnership into Safari Ventures LLC will be treated as a contribution by the members of Safari Ventures LLC of interests in Safari Ventures LLC to the Partnership in exchange for cash or Units; 
 WHEREAS, in accordance with Section [        ] of each Merger Agreement and in consideration for the
agreement of the Merging Entities to consummate the Mergers, the parties desire to enter into this Agreement regarding certain tax matters as set forth herein; and 
 WHEREAS, the REIT and the Partnership desire to evidence their agreement regarding amounts that may be payable as a result of certain actions being taken by the Partnership regarding the disposition of certain of the
contributed assets and certain debt obligations of the Partnership and its subsidiaries. 
 NOW, THEREFORE, in consideration of the premises
and the mutual representations, warranties, covenants and agreements contained herein and in the Contribution Agreement, the parties hereto hereby agree as follows: 
 ARTICLE 1 
 DEFINITIONS 
 To the extent not otherwise defined herein, capitalized terms used in this Agreement have the meanings ascribed to them in the Partnership Agreement (as
defined below). 
 “Annual Gain Amount” means for each Gain Limitation Year an amount equal to the product of 10% multiplied
by the initial aggregate amount of the Protected Gain for all Protected Partners 

  

 E-1 

 
as set forth in Schedule 2.1(b); provided, however, that the Annual Gain Amount for the Tax Protection Period ending December 31, 2007,
will be prorated based on the number of days from the Closing Date until the end of such Gain Limitation Year. 
 “Annual Gain
Limitation” has the meaning set forth in Section 2.2. 
 “Closing Date” means the date on which each Merger
will be effective. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Consent” means the prior written consent to do the act or thing for which the consent is required or solicited, which consent may be
executed by a duly authorized officer or agent of the party granting such consent. 
 “Cumulative Recognized Protected Gain”
means, for any Gain Limitation Year, the amount equal to the sum of the Protected Gain recognized by a Protected Partner in such Gain Limitation Year with respect to the Gain Limitation Properties, plus the Protected Gain recognized by such
Protected Partner in all preceding Gain Limitation Years with respect to the Gain Limitation Properties. 
 “Cumulative Unadjusted
Protected Gain” means, for any Gain Limitation Year, an amount equal to the Cumulative Recognized Protected Gain for a Protected Partner with respect to the Gain Limitation Properties, minus the Prior Adjusted Protected Gain for such
Protected Partner with respect to the Gain Limitation Properties. 
 “Deficit Restoration Obligation” or
“DRO” means a written obligation by a Protected Partner to restore part or all of its deficit capital account in the Partnership upon the occurrence of certain events. 
 “Excess Protected Gain” means for a Gain Limitation Year, the amount by which the Protected Gain recognized by the Protected Partners,
as a group, with respect to such Gain Limitation Year with respect to the Gain Limitation Properties exceeds the Annual Gain Limitation for such Gain Limitation Year. 
 “Gain Limitation Carry-forward” means, for any Gain Limitation Year, the amount by which: 
  

	 	(A)	the sum of Annual Gain Amounts for all preceding Gain Limitation Years; 

 exceeds 
  

	 	(B)	the aggregate Protected Gain recognized by the Protected Partners, as a group, with respect to the Gain Limitation Properties with respect to all preceding Gain Limitation Years.

 “Gain Limitation Property” means (i) each of the properties identified on Schedule 2.1(b)
hereto as a Gain Limitation Property; (ii) any other properties or assets hereafter acquired by the Partnership or any direct or indirect interest owned by the Partnership in any entity that owns an interest in a Gain Limitation Property, if
the disposition of that interest would result in the recognition of Protected Gain by a Protected Partner; and (iii) any other property that the Partnership directly or indirectly receives that is in whole or in part a “substituted basis
property” as defined in Section 7701(a)(42) of the Code with respect to a Gain Limitation Property. 
  

 E-2 

 “Gain Limitation Year” means a taxable year of the Partnership ending on or before the
expiration of the Tax Protection Period. 
 “Guaranteed Amount” means the aggregate amount of each Guaranteed Debt that is
guaranteed at any time by Partner Guarantors. 
 “Guaranteed Debt” means any loans incurred (or assumed) by the Partnership
or any of its subsidiaries that are guaranteed by Partner Guarantors at any time after the Closing Date pursuant to Article 3 hereof. 
 “Indirect Owner” means, in the case of a Protected Partner that is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity
interest in such Protected Partner, and in the case of any Indirect Owner that itself is an entity that is classified as a partnership, disregarded entity or subchapter S corporation for federal income tax purposes, any person owning an equity
interest in such entity. 
 “Minimum Liability Amount” means, for each Protected Partner, the amount set forth next to such
Protected Partner’s name on Schedule 3.1 hereto.1 
 “Nonrecourse Liability” has the meaning set forth in
Treasury Regulations § 1.752-1(a)(2). 
 “Partner Guarantors” means those Protected Partners who have guaranteed any
portion of the Guaranteed Debt. 
 “Partnership” means DuPont Fabros Technology, L.P., a Maryland limited partnership.

 “Partnership Agreement” means the [[Amended and Restated]Agreement of Limited Partnership] of the Partnership, dated as
of [                    ] as amended, and as the same may be further amended in accordance with the terms thereof. 
 “Prior Adjusted Protected Gain” for any Gain Limitation Year, the amount of Cumulative Recognized Protected Gain of a Protected Partner
with respect to which reimbursement payments would have been made to such Protected Partner under Article 4 hereof (computed in accordance with the principles set forth in the parenthetical in the first paragraph of Section 2.1), not taking
into account the limitation therein based upon the actual gain recognized by such Protected Partner. 
 “Protected Gain”
shall mean the gain that would be allocable to and recognized by a 
  

	1	The estimated “negative tax capital account” of a Partner in the Partnership on the closing date of the IPO as determined by the Partnership in its sole discretion
multiplied by the percentage elected by such partner in its “Guarantee Election” made pursuant to the Confidential Election Memorandum dated
                     (provided such Guarantee Election is properly and validly made). 

  

 E-3 

 
Protected Partner under Section 704(c) of the Code in the event of the sale of a Gain Limitation Property in a fully taxable transaction (excluding its
corresponding share of “book gain,” if any). The initial amount of Protected Gain with respect to each Protected Partner shall be determined as if the Partnership sold each Gain Limitation Property in a fully taxable transaction on the
Closing Date for consideration equal to the Section 704(c) Value of such Gain Limitation Property on the Closing Date, and is set forth on Schedule 2.1(b) hereto. Gain that would be allocated to a Protected Partner upon a sale of a Gain
Limitation Property that is “book gain” (for example, any gain attributable to appreciation in the actual value of the Gain Limitation Property following the Closing Date or any gain resulting from reductions in the “book value”
of the Gain Limitation Property following the Closing Date) shall not be considered Protected Gain. (As used in this definition, “book gain” is any gain that would not be required under Section 704(c) of the Code and the applicable
regulations to be specially allocated to the Protected Partners, but rather would be allocated to all partners in the Partnership, including the REIT, in accordance with their respective economic interests in the Partnership.) 
 “Protected Partner” means those persons set forth as Protected Partners on Schedule 2.1(a),2 and any person who acquires Units
from a Protected Partner in a transaction in which gain or loss is not recognized in whole or in part and in which such transferee’s adjusted basis, as determined for federal income tax purposes, is determined in whole or in part by reference
to the adjusted basis of a Protected Partner in such Units. 
 “Qualified Guarantee” has the meaning set forth in
Section 3.2. 
 “Qualified Guarantee Indebtedness” has the meaning set forth in Section 3.2. 
 “Section 704(c) Value” means the fair market value of any Gain Limitation Property as of the Closing Date, as determined by the
Partnership and as set forth next to each Gain Limitation Property on Schedule 2.1 hereto. The Partnership shall initially carry the Gain Limitation Property on its books at a value equal to the Section 704(c) Value as set forth above.

 “Subsidiary” means any entity in which the Partnership owns a direct or indirect interest that owns a Gain Limitation
Property on the Closing Date, after giving effect to the Mergers, or that thereafter is a successor to the Partnership’s direct or indirect interests in a Gain Limitation Property. 
 “Tax Protection Period” means the period commencing on the Closing Date and ending at 12:01 AM on January 1, 2018; provided,
however, that with respect to a Protected Partner, the Tax Protection Period shall terminate at such time as such Protected Partner has disposed of 50% or more of the Units received, directly or indirectly, in the Mergers by such Protected
Partner in a taxable transaction. 
 “Total Unadjusted Protected Gain” means, for any Gain Limitation Year, the sum of the
Cumulative Unadjusted Protected Gain amounts for all Protected Partners with respect to the Gain Limitation Properties. 
 “Unadjusted Protected Gain Percentage” means, for any Gain Limitation Year, the percentage obtained by dividing such Protected Partner’s Cumulative Unadjusted Protected Gain by the Total Unadjusted Protected Gain for
such Gain Limitation Year and multiplying such quotient by 100. 

	2	This schedule will include the members of the Merging Entities as of the time of the Mergers that receive Units in connection with the Mergers. 

  

 E-4 

 “Units” means units of limited partnership interest of the Partnership, as described in
the Partnership Agreement. 
 ARTICLE 2 
 RESTRICTIONS ON DISPOSITIONS OF 
 GAIN LIMITATION PROPERTIES 
 2.1 Restrictions on Disposition of Gain Limitation Properties. 
 (a) The Partnership agrees for the benefit of each Protected Partner, for the term of the Tax Protection Period, not to directly or indirectly sell, exchange, transfer, or otherwise dispose of a Gain Limitation
Property or any interest therein, without regard to whether such disposition is voluntary or involuntary, in a transaction that would cause the Protected Partners in the aggregate to recognize any Protected Gain in excess of the Annual Gain
Limitation. (For purposes of this Article 2, the Protected Gain recognized by each of the Protected Partners shall be deemed equal to the gain that would have been recognized without giving effect to any adjustment in basis that results with respect
to the indirect interest of such Protected Partner in such Gain Limitation Property, it being intended that the Annual Gain Limitation and the related definitions are to be applied to the Protected Partners as a group before giving effect to basis
adjustments. For example, and as an illustration only, if a Protected Partner who would have recognized $1,500,000 of gain with respect to the sale of a Gain Limitation Property has died, the Annual Gain Limitation and the related definitions shall
still be computed and applied as if such gain were recognized by such Protected Partner, notwithstanding the adjustment to tax basis that occurs with respect to such Protected Partner’s indirect interest in the Gain Limitation Property that
occurs upon the death of such Protected Partner.) 
 Without limiting the foregoing, the term “sale, exchange, transfer or
disposition” by the Partnership shall be deemed to include, and the prohibition shall extend to: 
  

	 	(a)	any direct or indirect disposition by any direct or indirect Subsidiary of any Gain Limitation Property or any interest therein; 

  

	 	(b)	any direct or indirect disposition by the Partnership of any Gain Limitation Property (or any direct or indirect interest therein) that is subject to Section 704(c)(1)(B) of
the Code and the Treasury Regulations thereunder; and 

  

	 	(c)	any distribution by the Partnership to a Protected Partner that is subject to Section 737 of the Code and the Treasury Regulations thereunder; 

 Without limiting the foregoing, a disposition shall include any transfer, voluntary or involuntary, by the Partnership or any Subsidiary in a foreclosure
proceeding, pursuant to a deed in lieu of foreclosure, or in a bankruptcy proceeding. 
 Notwithstanding the foregoing, this Section 2.1
shall not apply to a voluntary, actual disposition by a Protected Partner of Units in connection with a merger or consolidation of the Partnership pursuant to which (1) the Protected Partner is offered either cash or property treated as cash
pursuant to Section 731 of the Code (“Cash Consideration”) or partnership interests and the receipt of such partnership interests would not result in the recognition of gain for federal income tax purposes by the Protected Partner
(“Partnership Interest Consideration”); (2) the Protected Partner has the right to elect to receive solely Partnership Interest Consideration in exchange for his Units and the continuing 

  

 E-5 

 
partnership has agreed in writing to assume the obligations of the Partnership under this Agreement; (3) no Protected Gain is recognized by the
Partnership as a result of any partner of the Partnership receiving Cash Consideration; and (4) the Protected Partner elects or is deemed to elect to receive Cash Consideration. 
 (b) Notwithstanding the restriction set forth in this Section 2.1, the Partnership and any Subsidiary may dispose of any Gain Limitation Property
(or any interest therein) if such disposition qualifies as a like-kind exchange under Section 1031 of the Code, or an involuntary conversion under Section 1033 of the Code, or other transaction (including, but not limited to, a
contribution of property to any entity that qualifies for the non-recognition of gain under Section 721 or Section 351 of the Code, or a merger or consolidation of the Partnership with or into another entity that qualifies for taxation as
a “partnership” for federal income tax purposes (a “Successor Partnership”)) that, as to each of the foregoing, does not result in the recognition of any taxable income or gain to any Protected Partner with respect to any of the
Units; provided, however, that: 
 (i) in the case of a Section 1031 like-kind exchange, if such exchange
is with a “related party” within the meaning of Section 1031(f)(3) of the Code, any direct or indirect disposition by such related party of the Gain Limitation Property or any other transaction prior to the expiration of the two
(2) year period following such exchange that would cause Section 1031(f)(1) to apply with respect to such Gain Limitation Property (including by reason of the application of Section 1031(f)(4)) shall be considered a violation of this
Section 2.1 by the Partnership; and 
 (ii) in the event that at the time of the exchange or other disposition the
Protected Property is secured, directly or indirectly, by indebtedness that is guaranteed by a Protected Partner (or for which a Protected Partner otherwise has personal liability) and that is not then in default and the transferee is not a
Subsidiary of the Partnership that both is more than 50% owned, directly or indirectly by the Partnership and is and will continue to be under the legal control of the Partnership (which shall include a partnership or limited liability company in
which the Partnership or a wholly owned subsidiary of the Partnership is the sole managing general partner or sole managing member, as applicable), (a) either (I) such indebtedness shall be repaid in full or (II) the Partnership
shall obtain from the lenders with respect to such indebtedness a full and complete release of liability for each of the Protected Partners that has guaranteed, or otherwise has liability for, such indebtedness, and (b) if such indebtedness is
a Guaranteed Debt and the Tax Protection Period shall not have expired, the Partnership shall comply with its covenants set forth in Article 3 below with respect to such Guaranteed Debt and the Partner Guarantors that are considered to have
liability for such Guaranteed Debt (determined under Section 3.4 treating such events as a repayment of the Guaranteed Debt). 
 2.2
Annual Gain Limitation. For each Gain Limitation Year, the Annual Gain Limitation will be the sum of the Annual Gain Amount, plus the Gain Limitation Carry-forward. 
 2.3 Allocation of Excess Protected Gain among Protected Partners. For each Gain Limitation Year, the Excess Protected Gain (computed in accordance
with the principles set forth in the parenthetical in the first paragraph of Section 2.1) will be allocated among Protected Partners in proportion to their Unadjusted Protected Gain Percentages (computed in accordance with the principles set
forth in the parenthetical in the first paragraph of Section 2.1) for purposes of determining the amount of Protected Gain recognized by a Protected Partner that is subject to reimbursement pursuant to Article 4 hereof (for purpose of Article
4, the calculations of gain recognized by a Protected Partner and the reimbursement required shall be based upon the actual gain recognized by such Protected Partner without regard to the principles set forth in the parenthetical in the first
paragraph of Section 2.1). Specifically, 

  

 E-6 

 
for each Gain Limitation Year, the amount of Protected Gain for which a Protected Partner may be reimbursed under Article 4 hereof will equal the product of
(a) the Protected Partner’s Unadjusted Protected Gain Percentage (computed in accordance with the principles set forth in the parenthetical in the first paragraph of Section 2.1), multiplied by (b) the Excess Protected
Gain for such Gain Limitation Year (computed in accordance with the principles set forth in the parenthetical in the first paragraph of Section 2.1); provided, however, that no Protected Partner shall be considered for this purpose to
have recognized an amount of Protected Gain for a Gain Limitation Year that exceeds the Protected Gain actually recognized by such Protected Partner with respect to such Gain Limitation Year (computed in accordance with the principles set forth in
the parenthetical in the first paragraph of Section 2.1), and provided further, that the Protected Gain for which other Protected Partners are entitled to reimbursement shall be increased by the portion of the Excess Protected Gain for
such year not allocated to Protected Partners by reason of the immediately preceding limitation (with such allocation to be in accordance with the Protected Gain recognized by the Protected Partners not subject to such limitation). Schedule
2.3 hereto sets forth an example that illustrates the application of this Section 2.3. 
 ARTICLE 3 
 ALLOCATION OF LIABILITIES AND GUARANTEE OPPORTUNITY AND DEFICIT 
 RESTORATION OBLIGATIONS 
 3.1 Minimum Liability Allocation. During the Tax Protection Period,
the Partnership will offer to each Protected Partner the opportunity either (i) to enter into Qualified Guarantees of Qualified Guarantee Indebtedness or (ii) to enter into a Deficit Restoration Obligation, in such amount or amounts so as
to cause the amount of partnership liabilities allocated to such Protected Partner for purposes of Section 752 of the Code to be not less than such Protected Partner’s Minimum Liability Amount and to cause the amount of partnership
liabilities with respect to which such Protected Partner will be considered to be “at risk” for purposes of Section 465 of the Code to be not less than such Protected Partner’s Minimum Liability Amount, as provided in this
Article 3. In order to minimize the need for Protected Partners to enter into Qualified Guarantees or DROs, the Partnership will use the optional method under Treasury Regulations Section 1.752-3(a)(3) to allocate Nonrecourse Liabilities
considered secured by a Gain Limitation Property to the Protected Partners to the extent that the “built-in gain” with respect to those properties exceeds the amount of the Nonrecourse Liabilities considered secured by such Gain Limitation
Property allocated to the Protected Partners under Treasury Regulations Section 1.752-3(a)(2). 
 3.2 Qualified Guarantee
Indebtedness and Qualified Guarantee; Treatment of Qualified Guarantee Indebtedness as Guaranteed Debt. In order for an offer by the Partnership of an opportunity to guarantee indebtedness to satisfy the requirements of this Article 3,
(1) the indebtedness to be guaranteed must satisfy all of the conditions set forth in this Section 3.2 (indebtedness satisfying all such conditions is referred to as “Qualified Guarantee Indebtedness”); (2) the guarantee by
the Partner Guarantors must be pursuant to a Guarantee Agreement substantially in the form attached hereto as Schedule 3.7 that satisfies the conditions set forth in Sections 3.2(i) and (iii) (a “Qualified Guarantee”);
(3) the amount of debt required to be guaranteed by the Partner Guarantor must not exceed the portion of the Guaranteed Amount for which a replacement guarantee is being offered and (4) the debt to be guaranteed must be considered
indebtedness of the Partnership for purposes of determining the adjusted tax basis of the interests of partners in the Partnership in their partnership interests. If, and to the extent that, a Partner Guarantor elects to guarantee Qualified
Guarantee Indebtedness pursuant to an offer made in accordance with this Article 3, such indebtedness thereafter shall be considered a Guaranteed Debt and subject to all of this Article 3. The conditions that must be satisfied at all times with
respect to any additional or replacement Guaranteed Debt offered pursuant to this Article 3 hereof and the guarantees with respect thereto are as follows: 
  

	 	(i)	each such guarantee shall be a “bottom dollar guarantee” in that the lender for the Guaranteed Debt is required to pursue all other collateral and security for the
Guaranteed Debt (other than any “bottom dollar guarantees” permitted pursuant to this clause (i) and/or Section 3.3 below) prior to seeking to collect on such a guarantee, and the lender shall have recourse against the guarantee
only if, and solely to the extent that, the total amount recovered by the lender with respect to the Guaranteed Debt after the lender has exhausted its remedies as set forth above is less than the aggregate of the Guaranteed Amounts with respect to
such Guaranteed Debt (plus the aggregate amounts of any other guarantees (x) that are in effect with respect to such Guaranteed Debt at the time the guarantees pursuant to this Article 3 are entered into, or (y) that are entered into after
the date the guarantees pursuant to this Article 4 are entered into with respect to such Guaranteed Debt and that comply with Section 3.5 below, but only to the extent that, in either case, such guarantees are “bottom dollar
guarantees” with respect to the Guaranteed Debt), and the maximum aggregate liability of each Partner Guarantor for all Guaranteed Debt shall be limited to the amount actually guaranteed by such Partner Guarantor; 

  

 E-7 

	 	(ii)	the fair market value of the collateral against which the lender has recourse pursuant to the Guaranteed Debt, determined as of the time the guarantee is entered into (an
independent appraisal relied upon by the lender in making the loan shall be conclusive evidence of such fair market value when the guarantee is being entered into in connection with the closing of such loan), shall not be less than 150% of the sum
of (x) the aggregate of the Guaranteed Amounts with respect to such Guaranteed Debt, plus (y) the dollar amount of any other indebtedness that is senior to or pari passu with the Guaranteed Debt and as to which the lender thereunder has
recourse against property that is collateral of the Guaranteed Debt, plus (z) the aggregate amounts of any other guarantees (A) that are in effect with respect to such Guaranteed Debt at the time the guarantees pursuant to this Article 3
are entered into with respect to such Guaranteed Debt and that comply with Section 3(e) below, but only to the extent that such guarantees are “bottom dollar guarantees with respect to the Guaranteed Debt); 

  

									
		 		 	 (iii)
	 		  	(A) the executed guarantee must be delivered to the lender and (B) (i) the execution of the guarantee by the Partner Guarantors must be acknowledged by the lender as an inducement
to it to make a new loan, to continue an existing loan (which continuation is not otherwise required), or to grant a material consent under an existing loan (which consent is not otherwise required to be granted) or, alternatively, (ii) the
guarantee otherwise must be enforceable under the laws of the state governing the loan and in which the property securing the loan is located or in which the lender has a significant place of business (with any bona fide branch or office of the
lender through which the loan is made, negotiated, or administered being deemed a “significant place of business” for the purposes hereof);

  

 E-8 

	 	(iv)	as to each Partner Guarantor that is executing a guarantee pursuant to this Agreement, there must be no other Person that would be considered to “bear the economic risk of
loss,” within the meaning of Treasury Regulation § 1.752-2, or would be considered to be “at risk” for purposes of Section 465(b) with respect to that portion of such debt for which such Partner Guarantor is being made
liable for purposes of satisfying the Partnership’s obligations to such Partner Guarantor under this Article 3; 

  

	 	(v)	the obligor with respect to the Guaranteed Debt is the Partnership or an entity which is and will continue to be under the legal control of the Partnership (which shall include a
partnership or limited liability company in which the Partnership or a wholly-owned subsidiary of the Partnership is the sole managing general partner or sole managing member, as applicable). 

 3.3 Covenant With Respect to Guaranteed Debt Collateral. The Partnership covenants with the Partner Guarantors with respect to the Guaranteed Debt
that (A) it will comply with the requirements set forth in Section 2.2(b)(ii) upon any disposition of any collateral for a Guaranteed Debt, whether during or following the Tax Protection Period, and (B) it will not at any time,
whether during or following the Tax Protection Period, pledge the collateral with respect to a Guaranteed Debt to secure any other indebtedness (unless such other indebtedness is, by its terms, subordinate in all respects to the Guaranteed Debt for
which such collateral is security) or otherwise voluntarily dispose of or reduce the amount of such collateral unless either (i) after giving effect thereto the conditions in Section 3.2(ii) would continue to be satisfied with respect to
the Guaranteed Debt and the Guaranteed Debt otherwise would continue to be Qualified Guarantee Indebtedness, or (ii) the Partnership (A) obtains from the lender with respect to the original Guaranteed Debt a full and complete release of
any Partner Guarantor unless the Partner Guarantor expressly requests that it not be released, and (B) if the Tax Protection Period has not expired, offers to each Partner Guarantor with respect to such original Guaranteed Debt, not less than
30 days prior to such pledge or disposition, the opportunity either (1) to enter into a Qualified Guarantee of other the Partnership indebtedness that constitutes Qualified Guarantee Indebtedness (with such replacement indebtedness thereafter
being considered a Guaranteed Debt and subject to this Article 3) in an amount equal to the amount of such original Guaranteed Debt that was guaranteed by such Partner Guarantor or (2) to enter into a DRO in the amount of the original
Guaranteed Debt that was guaranteed by such Partner Guarantor. 
 3.4 Repayment or Refinancing of Guaranteed Debt. The Partnership
shall not, at any time during the Tax Protection Period applicable to a Partner Guarantor, repay or refinance all or any portion of any Guaranteed Debt unless (i) after taking into account such repayment, each Partner Guarantor would be
entitled to include in its basis for its Units an amount of Guaranteed Debt equal to its Minimum Liability Amount, or (ii) alternatively, the Partnership, not less than 30 days prior to such repayment or refinancing, offers to the applicable
Partner Guarantors the opportunity either (A) to enter into a Qualified Guarantee with respect to other Qualified Guarantee Indebtedness, or (B) to enter into a DRO, in either case in an amount sufficient so that, taking into account such
guarantees of such other Qualified Guarantee Indebtedness, as applicable, each Partner Guarantor who guarantees such other Qualified Guarantee Indebtedness or enters into a DRO in the amount specified by the Partnership would be entitled to include
in its adjusted tax basis for its Units debt equal to the Minimum Liability Amount for such Partner Guarantor. 
 3.5 Limitation on
Additional Guarantees With Respect to Debt Secured by Collateral for Guaranteed Debt. The Partnership shall not offer the opportunity or make available to any person or 

  

 E-9 

 
entity other than a Protected Partner a guarantee of any Guaranteed Debt or other debt that is secured, directly or indirectly, by any collateral for
Guaranteed Debt unless (i) such debt by its terms is subordinate in all respects to the Guaranteed Debt or, if such other guarantees are of the Guaranteed Debt itself, such guarantees by their terms must be paid in full before the lender can
have recourse to the Partner Guarantors (i.e., the first dollar amount of recovery by the applicable lenders must be applied to the Guaranteed Amount); provided that the foregoing shall not apply with respect to additional guarantees of
Guaranteed Debt so long as the conditions set forth in Sections 3.2(ii) would be satisfied immediately after the implementation of such additional guarantee (determined in the case of Section 3.2(ii), based upon the fair market value of the
collateral for such Guaranteed Debt at the time the additional guarantee is entered into and adding the amount of such additional guarantee(s) to the sum of the applicable Guaranteed Amounts plus any other preexisting “bottom dollar
guarantee” previously permitted pursuant to this Section 3.5 or Sections 3.2(i) and (ii) above, for purposes of making the computation provided for in Section 3.2(ii)), and (ii) and such other guarantees do not have the
effect of reducing the amount of the Guaranteed Debt that is includible by any Partner Guarantor in its adjusted tax basis for its Units pursuant to Treasury Regulation § 1.752-2. 
 3.6 Process. Whenever the Partnership is required under this Article 3 to offer to one or more of the Partner Guarantors an opportunity either to
guarantee Qualified Guarantee Indebtedness or enter into a DRO, the Partnership shall be considered to have satisfied its obligation if the other conditions in this Article 3 are satisfied and, not less than thirty (30) days prior to the date
that such guarantee would be required to be executed in order to satisfy this Article 3, the Partnership sends by first class mail, return receipt requested, to the last known address of each such Partner Guarantor (as reflected in the records of
the Partnership) the Guarantee Agreement or DRO, as applicable, to be executed (which in the case of Guarantee Agreement shall be substantially in the form of Schedule 3.7 hereto, with such changes thereto as are necessary to reflect the
relevant facts) and a brief letter explaining the relevant circumstances (including, as applicable, that the offer is being made pursuant to this Article 3, the circumstances giving rise to the offer, a brief summary of the terms of the Qualified
Guarantee Indebtedness to be guaranteed, a brief description of the collateral for the Qualified Guarantee Indebtedness, a statement of the amount to be guaranteed, the address to which the executed Guarantee Agreement or DRO, as applicable, must be
sent and the date by which it must be received, and a statement to the effect that, if the Protected Partner fails to execute and return such Agreement within the time period specified, the Partner Guarantor thereafter would lose its rights under
this Article 3 with respect to the amount of debt that the Partnership is required to offer to be guaranteed or made available for the DRO, and depending upon the Partner Guarantor’s circumstances and other circumstances related to the
Partnership, the Partner Guarantor could be required to recognize taxable gain as a result thereof, either currently or prior to the expiration of the Tax Protection Period, that otherwise would have been deferred). If a notice is properly sent in
accordance with this procedure, the Partnership shall have not responsibility as a result of the failure of a Partner Guarantor either to receive such notice or to respond thereto within the specified time period. 
 3.7 Presumption as to Schedule 3.7. The form of the Guarantee Agreement attached hereto as Schedule 3.7 shall be conclusively presumed to
satisfy the conditions set forth in Section 3.2(i) and to have caused the Guaranteed Debt to be considered allocable to the Guarantor Partner who enters into such Guarantee Agreement pursuant to Treasury Regulation § 1.752-2 and
Section 465 of the Code so long as all of the following conditions are met with respect such Guaranteed Debt: 
  

	 	(i)	there are no other guarantees in effect with respect to such Guaranteed Debt (other than the guarantees contemporaneously being entered into by the Partner Guarantors pursuant to
this Article 3); 

  

	 	(ii)	the collateral securing such Guaranteed Debt is not, and shall not thereafter become, collateral for any other indebtedness that is senior to or pari passu with such Guaranteed
Debt; 

  

 E-10 

	 	(iii)	no additional guarantees with respect to such Guaranteed Debt will be entered into during the applicable Tax Protection Period pursuant to the proviso set forth in
Section 3.3; 

  

	 	(iv)	the lender with respect to such Guaranteed Debt is not the Partnership, any Subsidiary or other entity in which the Partnership owns a direct or indirect interest, the REIT, any
other partner in the Partnership, or any person related to any partner in the Partnership as determined for purposes of Treasury Regulation § 1.752-2 or any person that would be considered a “related party” as determined for purposes
of Section 465 of the Code; and 

  

	 	(v)	none of the REIT, nor any other partner in the Partnership, nor any person related to any partner in the Partnership as determined for purposes of Treasury Regulation § 1.752-2
shall have provided, or shall thereafter provide, collateral for, or otherwise shall have entered into, or shall thereafter enter into, a relationship that would cause such person or entity to be considered to bear the risk of loss with respect to
such Guaranteed Debt, as determined for purposes of Treasury Regulation § 1.752-2 or that would cause such entity to be considered “at risk” with respect to such Guaranteed Debt, as determined for purposes of Section 465 of the
Code. 

 3.8 Deficit Restoration Obligation. The Partnership will maintain an amount of indebtedness of the Partnership
that would be considered “recourse” indebtedness (taking into account all of the facts and circumstances related to the indebtedness, the Partnership and the General Partner) equal to or greater than the sum of the amounts subject to a DRO
of all Protected Partners and other partners in the Partnership. The deficit restoration obligation shall be conclusively presumed to cause the Protected Partner to be allocated an amount of liabilities equal to the DRO Amount of such Protected
Partner for purposes of Sections 465 and 752 of the Code, provided that (1) the Partnership maintains an amount of debt that is considered “recourse” indebtedness (determined for purposes of Section 752 of the Code and
taking into account all of the facts and circumstances related to the indebtedness, the Partnership and the General Partner) equal to the aggregate DRO Amounts of all partners of the Partnership and (2) all other terms and conditions of the
Partnership Agreement with respect to such deficit restoration obligation are met. 
 3.9 Additional Guarantee and DRO Opportunities.
Without limiting any of the other obligations of the Partnership under this Agreement, from and after the expiration of the Tax Protection Period, the Partnership shall, upon a request from a Protected Partner, use commercially reasonable efforts to
permit such Protected Partner to enter into an agreement with the Partnership to bear the economic risk of loss as to a portion of the Partnership’s recourse indebtedness by undertaking an obligation to restore a portion of its negative capital
account balance upon liquidation of such Protected Partner’s interest in the Partnership and/or to bear financial liability under a Guarantee Agreement substantially in the form of Schedule 3.7 hereto for indebtedness that would be
considered Qualifying Guarantee Indebtedness under Section 3.2 hereof, if such Protected Partner shall provide information from its professional tax advisor satisfactory to the Partnership showing that, in the absence of such agreement, such
Protected Partner likely would not be allocated from the Partnership sufficient indebtedness under Section 752 of the Code and the at-risk provisions under Section 465 of the Code to 

  

 E-11 

 
avoid the recognition of gain (other than gain required to be recognized by reason of actual cash distributions from the Partnership). The Partnership and
its professional tax advisors shall cooperate in good faith with such Protected Partner and its professional tax advisors to provide such information regarding the allocation of the Partnership liabilities and the nature of such liabilities as is
reasonably necessary in order to determine the Protected Partner’s adjusted tax basis in its Units and at-risk amount. If the Partnership permits a Protected Partner to enter into an agreement under this Section 3.9, the Partnership shall
be under no further obligation with respect thereto, and the Partnership shall not be required to indemnify such Protected Partner for any damage incurred, in connection with or as a result of such agreement or the indebtedness, including without
limitation a refinancing or prepayment thereof or taking any of the other actions required by Article 3 hereof with respect to Qualified Indebtedness. 
 ARTICLE 4 
 REMEDIES FOR BREACH 
 4.1 Monetary Damages. In the event that the Partnership breaches its obligations set forth in Article 2, Article 3, or Article 6 with respect to a
Protected Partner the Protected Partner’s sole right shall be to receive from the Partnership, and the Partnership shall pay to such Protected Partner as damages, an amount equal to: 
  

	 	(a)	in the case of a violation of Articles 3 or 6, the aggregate federal, state and local income taxes incurred by the Protected Partner or an Indirect Owner as a result of the income
or gain allocated to, or otherwise recognized by, such Protected Partner with respect to its Units by reason of such breach; 

  

	 	(b)	in the case of a violation of Article 2, the aggregate federal state, and local income taxes incurred by the Protected Partner or an Indirect Owner with respect the Excess Protected
Gain incurred with respect to the Gain Limitation Property that is allocable to such Protected Partner under the Partnership Agreement and Section 2.3 hereof (computed without regard to the principles set forth in the parenthetical in the first
paragraph of Section 2.1); 

 plus in the case of either (a) or (b), an amount equal to the aggregate federal, state,
and local income taxes payable by the Protected Partner or an Indirect Owner as a result of the receipt of any payment required under this Section 4.1. 
 For purposes of computing the amount of federal, state, and local income taxes required to be paid by a Protected Partner (or Indirect Owner), (i) any deduction for state income taxes payable as a result thereof
actually allowed in computing federal income taxes shall be taken into account, and (ii) a Protected Partner’s (or Indirect Owner’s) tax liability shall be computed using the highest federal, state and local marginal income tax rates
that would be applicable to such Protected Partner’s (or Indirect Owner’s) taxable income (taking into account the character and type of such income or gain) for the year with respect to which the taxes must be paid, without regard to any
deductions, losses or credits that may be available to such Protected Partner (or Indirect Owner) that would reduce or offset its actual taxable income or actual tax liability if such deductions, losses or credits could be utilized by the Protected
Partner (or Indirect Owner) to offset other income, gain or taxes of the Protected Partner (or Indirect Owner), either in the current year, in earlier years, or in later years). 
 4.2 Process for Determining Damages. If the Partnership has breached or violated any of the covenants set forth in Article 2, Article 3, or
Article 6 (or a Protected Partner asserts that the Partnership has breached or violated any of the covenants set forth in Article 2, Article 3, or Article 6), the Partnership and the Protected Partner (or Indirect Owner) agree to negotiate in good
faith to resolve any 

  

 E-12 

 
disagreements regarding any such breach or violation and the amount of damages, if any, payable to such Protected Partner (or Indirect Owner) under
Section 4.1 (and to the extent applicable, Sections 4.4). If any such disagreement cannot be resolved by the Partnership and such Protected Partner (or Indirect Owner) within sixty (60) days after the receipt of notice from the Partnership
of such breach and the amount of income to be recognized by reason thereof (or, if applicable, receipt by the Partnership of an assertion by a Protected Partner that the Partnership has breached or violated any of the covenants set forth in Article
2, Article 3, or Article 6), the Partnership and the Protected Partner shall jointly retain a nationally recognized independent public accounting firm (“an Accounting Firm”) to act as an arbitrator to resolve as expeditiously as possible
all points of any such disagreement (including, without limitation, whether a breach of any of the covenants set forth Article 2, Article 3, or Article 6, has occurred and, if so, the amount of damages to which the Protected Partner is entitled as a
result thereof, determined as set forth in Section 4.1 (and to the extent applicable, Section 4.4). All determinations made by the Accounting Firm with respect to the resolution of any breach or violation of any of the covenants set forth
in Article 2, Article 3, or Article 6 and the amount of damages payable to the Protected Partner under Section 4.1 (and to the extent applicable, Section 4.4) shall be final, conclusive and binding on the Partnership and the Protected
Partner. The fees and expenses of any Accounting Firm incurred in connection with any such determination shall be shared equally by the Partnership and the Protected Partner, provided that if the amount determined by the Accounting Firm to be
owed by the Partnership to the Protected Partner is more than five percent (5%) higher than the amount proposed by the Partnership to be owed to such Protected Partner prior to the submission of the matter to the Accounting Firm, then all of
the fees and expenses of any Accounting Firm incurred in connection with any such determination shall be paid by the Partnership and if the amount determined by the Accounting Firm to be owed by the Partnership to the Protected Partner is more than
five percent (5%) less than the amount proposed by the Partnership to be owed to such Protected Partner prior to the submission of the matter to the Accounting Firm, then all of the fees and expenses of any Accounting Firm incurred in
connection with any such determination shall be paid by the Protected Partner. 
 4.3 Required Notices; Time for Payment. In the event
that there has been a breach of Article 2, Article 3, or Article 6 the Partnership shall provide to the Protected Partner notice of the transaction or event giving rise to such breach not later than at such time as the Partnership provides to the
Protected Partners the Schedule K-1’s to the Partnership’s federal income tax return as required in accordance with Section 7.3 below. All payments required under this Article 4 to any Protected Partner shall be made to such Protected
Partner on or before April 15 of the year following the year in which the gain recognition event giving rise to such payment took place; provided that, if the Protected Partner is required to make estimated tax payments that would
include such gain, the Partnership shall make a payment to the Protected Partner on or before the due date for such estimated tax payment and such payment from the partnership shall be in an amount that corresponds to the amount of the estimated tax
being paid by such Protected Partner at such time. In the event of a payment required after the date required pursuant to this Section 4.3, interest shall accrue on the aggregate amount required to be paid from such date to the date of actual
payment at a rate equal to the “prime rate” of interest, as published in the Wall Street Journal (or if no longer published there, as announced by Citibank) effective as of the date the payment is required to be made. 
 4.4 Additional Damages for Breaches of Section 2.1(b)(ii), Section 3.2 and/or Section 3.3. Notwithstanding any of the foregoing in
this Article 4, in the event that the Partnership should breach any of its covenants set forth in Section 2.1(b)(ii), Section 3.2, and/or Sections 3.3 (i) and/or (ii) and a Protected Partner (or Indirect Owner) is required to
make a payment in respect of such indebtedness that it would not have had to make if such breach had not occurred (an “Excess Payment”), then, in addition to the damages provided for in the other Sections of this Article 4, the Partnership
shall pay to such Protected Partner (or Indirect Owner) an amount equal to the sum of (i) the Excess Payment plus (ii) the aggregate federal, state and local income taxes, if any, computed or set forth in Section 4.1, required to

  

 E-13 

 
be paid by such Protected Partner (or Indirect Owner) by reason of Section 4.4 becoming operative (for example, because the breach by the Partnership
and this Section 4.4 caused all or any portion of the indebtedness in question no longer to be considered debt includible in basis by the affected Protected Partner pursuant to Treasury Regulations § 1.752-2(a)), plus (iii) an amount
equal to the aggregate federal, state and local income taxes required to be paid by the Protected Partner (or Indirect Owner) (computed as set forth in Section 4.1) as a result of any payment required under this Section 4.4. 
 ARTICLE 5 
 SECTION 704(C)
METHOD AND ALLOCATIONS 
 5.1 Application of “Traditional Method.” Notwithstanding any provision of the Partnership
Agreement, the Partnership shall use the “traditional method” under Regulations § 1.704-3(b) for purposes of making all allocations under Section 704(c) of the Code with respect to the properties contributed to the Partnership in
connection with the initial public offering of the REIT’s shares of common stock. 
 ARTICLE 6 
 ALLOCATIONS OF LIABILITIES PURSUANT TO REGULATIONS UNDER SECTION 752 
 6.1 Allocation Methods to be Followed. Except as provided in Section 6.2, all tax returns prepared by the Partnership with respect to the Protected Period (and to the extent arrangements have been entered
into pursuant to Section 3.9, for so long thereafter as such arrangements are in effect) that allocate liabilities of the Partnership for purposes of Section 752 and the Treasury Regulations thereunder shall treat each Partner Guarantor as
being allocated for federal income tax purposes an amount of recourse debt (in addition to any nonrecourse debt otherwise allocable to such Partner Guarantor in accordance with the Partnership Agreement and Treasury Regulations § 1.752-3 and
any other recourse liabilities allocable to such Partner Guarantor by reason of guarantees of indebtedness or DROs entered into pursuant other agreements with the Partnership) pursuant to Treasury Regulation § 1.752-2 equal to such Partner
Guarantor’s Guaranteed Amount, and the Partnership and the REIT shall not, during or with respect to the Tax Protection Period, take any contrary or inconsistent position in any federal or state income tax returns (including, without
limitation, information returns, such as Forms K-1, provided to partners in the Partnership and returns of Subsidiaries of the Partnership) or any dealings involving the Internal Revenue Service (including, without limitation, any audit,
administrative appeal or any judicial proceeding involving the income tax returns of the Partnership or the tax treatment of any holder of partnership interests the Partnership). 
 6.2 Exception to Required Allocation Method. Notwithstanding the provisions of this Agreement, the Partnership shall not be required to make
allocations of Guaranteed Debt or other recourse debt of the Partnership to the Protected Partners as set forth in this Agreement if and to the extent that the Partnership determines in good faith that it may not be more likely than not that such
allocations will be respected; provided that the Partnership shall provide to each Protected Partner (or in the event of their death or disability, their executor, guardian or custodian, as applicable), notice of such determination and if,
within forty-five (45) days after the receipt thereof, the Partnership is provided an opinion of a law firm recognized as expert in such matters or a nationally recognized public accounting firm to the effect that it is more likely than not
that such allocations will be respected, the Partnership shall continue to make allocations of Guaranteed Debt or other recourse debt of the Partnership to the Protected Partners as set forth in this Agreement; provided further that if there
shall have been a judicial determination in a proceeding to which the Partnership is a party and as to which the General Partners have been allowed to participate as and to the extent contemplated in Article 6 to the effect that such 

  

 E-14 

 
allocations are not correct, Section 6.1 shall not apply unless the matter is being appealed to an applicable court of appeals, the requirements of
Section 7.2 shall have been satisfied in connection therewith, and the opinion described above from counsel or accountants engaged by a Protected Partner shall have been provided. In no event shall this Section 6.2 be construed to relieve
the Partnership for liability arising from a failure by the Partnership to comply with one or more of the provisions of Article 3 of this Agreement. 
 6.3 Cooperation in the Event of a Change. If a change in the Partnership’s allocations of Guaranteed Debt or other recourse debt of the Partnership to the Protected Partners is required by reason of
circumstances described in Section 6.2, the Partnership and its professional tax advisors shall cooperate in good faith with each Protected Partner (or in the event of their death or disability, their executor, guardian or custodian, as
applicable) and their professional tax advisors to develop alternative allocation arrangements and/or other mechanisms that protect the federal income tax positions of the Protected Partners in the manner contemplated by the allocations of
Guaranteed Debt or other recourse debt of the Partnership to the Protected Partners as set forth in this Agreement. 
 ARTICLE 7

 TAX PROCEEDINGS 
 7.1 Notice of Tax Audits. If any claim, demand, assessment (including a notice of proposed assessment) or other assertion is made with respect to taxes against the Protected Partners or the Partnership the calculation of which
involves a matter covered in this Agreement that could result in tax liability to a Protected Partner (“Tax Claim”) or if the REIT or the Partnership receives any notice from any jurisdiction with respect to any current or future audit,
examination, investigation or other proceeding (“Tax Proceeding”) involving the Protected Partners or the Partnership or that otherwise could involve a matter covered in this Agreement and would reasonably be expected to directly or
indirectly affect the Protected Partners in an adverse manner, then the REIT or the Partnership, as applicable shall promptly notify the Protected Partners of such Tax Claim or Tax Proceeding. 
 7.2 Control of Tax Proceedings. The REIT, as the general partner of the Partnership shall have the right to control the defense, settlement or
compromise of any Proceeding or Tax Claim; provided, however, that the REIT shall not consent to the entry of any judgment or enter into any settlement with respect to such Tax Claim or Tax Proceeding that would result in tax liability
to one or more Protected Partners without the prior written consent of the affected Protected Partners (unless, and only to the extent, that any taxes required to be paid by the Protected Partners as a result thereof would be required to be
reimbursed by the Partnership and the REIT under Article 4 and the Partnership and the REIT agree in connection with such settlement or consent, to make such required payments); provided further that the Partnership shall keep the Protected
Partners informed of the progress thereof to the extent that such Proceeding or Tax Claim would reasonably be expected to directly or indirectly affect the Protected Partners in an adverse manner. 
 7.3 Timing of Tax Returns; Periodic Tax Information. The Partnership shall cause to be delivered to each Protected Partner, as soon as reasonably
practicable each year, the Forms K-1 that the Partnership is required to deliver to such Protected Partners with respect to the prior taxable year. In addition, the Partnership agrees to provide to the Protected Partners, upon request, an estimate
of the taxable income expected to be allocable for a specified taxable year from the Partnership to each Protected Partner and the entities that they control, provided that such estimates shall not be required to be provided more frequently
than once each calendar quarter. 
  

 E-15 

 ARTICLE 8 
 AMENDMENT OF THIS AGREEMENT; WAIVER OF CERTAIN PROVISIONS; APPROVAL 
 OF CERTAIN TRANSACTIONS 

 8.1 Amendment. This Agreement may not be amended, directly or indirectly (including by reason of a merger between either the
Partnership or the REIT and another entity) except by a written instrument signed by the REIT, the Partnership, and each of the Protected Partners to be subject to such amendment-. 
 8.2 Waiver. Notwithstanding the foregoing, upon written request by the Partnership, each Protected Partner, in its sole discretion, may waive the
payment of any damages that is otherwise payable to such Protected Partner pursuant to Article 4 hereof. Such a waiver shall be effective only if obtained in writing from the affected Protected Partner. 
 ARTICLE 9 
 MISCELLANEOUS

 9.1 Additional Actions and Documents. Each of the parties hereto hereby agrees to take or cause to be taken such further
actions, to execute, deliver, and file or cause to be executed, delivered and filed such further documents, and will obtain such consents, as may be necessary or as may be reasonably requested in order to fully effectuate the purposes, terms and
conditions of this Agreement. 
 9.2 Assignment. No party hereto shall assign its or his rights or obligations under this Agreement,
in whole or in part, except by operation of law, without the prior written consent of the other parties hereto, and any such assignment contrary to the terms hereof shall be null and void and of no force and effect. 
 9.3 Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Protected Partners and their respective
successors and permitted assigns, whether so expressed or not. This Agreement shall be binding upon the REIT, the Partnership, and any entity that is a direct or indirect successor, whether by merger, transfer, spin-off or otherwise, to all or
substantially all of the assets of either the REIT or the Partnership (or any prior successor thereto as set forth in the preceding portion of this sentence), provided that none of the foregoing shall result in the release of liability of the
REIT and the Partnership hereunder. The REIT and the Partnership covenant with and for the benefit of the Protected Partners not to undertake any transfer of all or substantially all of the assets of either entity (whether by merger, transfer,
spin-off or otherwise) unless the transferee has acknowledged in writing and agreed in writing to be bound by this Agreement, provided that the foregoing shall not be deemed to permit any transaction otherwise prohibited by this Agreement.

 9.4 Modification; Waiver. No failure or delay on the part of any party hereto in exercising any power or right hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any
other right or power. The rights and remedies of the parties hereunder are cumulative and not exclusive of any rights or remedies which they would otherwise have. No modification or waiver of any provision of this Agreement, nor consent to any
departure by any party therefrom, shall in any event be effective unless the same shall be in writing, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on
any party in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 
 9.5
Representations and Warranties Regarding Authority; Noncontravention. Each of the REIT and the Partnership has the requisite corporate or other (as the case may be) power and 

  

 E-16 

 
authority to enter into this Agreement and to perform its respective obligations hereunder. The execution and delivery of this Agreement by each of the REIT
and the Partnership and the performance of each of its respective obligations hereunder have been duly authorized by all necessary trust, partnership, or other (as the case may be) action on the part of each of the REIT and the Partnership. This
Agreement has been duly executed and delivered by each of the REIT and the Partnership and constitutes a valid and binding obligation of each of the REIT and the Partnership, enforceable against each of the REIT and the Partnership in accordance
with its terms, except as such enforcement may be limited by (i) applicable bankruptcy or insolvency laws (or other laws affecting creditors’ rights generally) or (ii) general principles of equity. The execution and delivery of this
Agreement by each of the REIT and the Partnership do not, and the performance by each of its respective obligations hereunder will not, conflict with, or result in any violation of (i) the Partnership Agreement or (ii) any other agreement
applicable to the REIT and/or the Partnership, other than, in the case of clause (ii), any such conflicts or violations that would not materially adversely affect the performance by the Partnership and the REIT of their obligations hereunder.

 9.6 Captions. The Article and Section headings contained in this Agreement are inserted for convenience of reference only, shall
not be deemed to be a part of this Agreement for any purpose, and shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. 
 9.7 Notices. All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed to have been duly given or
made as of the date delivered, mailed or transmitted, and shall be effective upon receipt, if delivered personally, mailed by registered or certified mail (postage prepaid, return receipt requested) to the parties at the following addresses (or at
such other address for a party as shall be specified by like changes of address) or sent by electronic transmission to the telecopier number specified below: 
  

	 	(i)	if to the Partnership or the REIT, to: 

 DuPont Fabros Technology, Inc. 
 1212 New York Avenue, NW, Suite 900 
 Washington, D.C., 20005 
 (202) 728-0044 
 Attention:
[                    ] 
 Facsimile: [                    ] 
  

	 	(i)	if to a Protected Partner, to the address on file with the Partnership. 

 Each party may designate by notice in writing a new address to which any notice, demand, request or communication may thereafter be so given, served or sent. Each notice, demand, request, or communication which shall be hand delivered,
sent, mailed, telecopied or telexed in the manner described above, or which shall be delivered to a telegraph company, shall be deemed sufficiently given, served, sent, received or delivered for all purposes at such time as it is delivered to the
addressee (with the return receipt, the delivery receipt, or (with respect to a telecopy or telex) the answerback being deemed conclusive, but not exclusive, evidence of such delivery) or at such time as delivery is refused by the addressee upon
presentation. 
 9.8 Counterparts. This Agreement may be executed in two or more counterparts, all of which shall be considered one
and the same agreement and each of which shall be deemed an original. 
  

 E-17 

 9.9 Governing Law. The interpretation and construction of this Agreement, and all matters relating
thereto, shall be governed by the laws of the [District of Columbia][Commonwealth of Virginia], without regard to the choice of law provisions thereof. 
 9.10 Consent to Jurisdiction; Enforceability. 
 9.10.1 This Agreement and the duties and obligations
of the parties hereunder shall be enforceable against any of the parties in the courts of the [District of Columbia][Commonwealth of Virginia]. For such purpose, each party hereto and the Protected Partners hereby irrevocably submits to the
nonexclusive jurisdiction of such courts and agrees that all claims in respect of this Agreement may be heard and determined in any of such courts. 
 9.10.2 Each party hereto hereby irrevocably agrees that a final judgment of any of the courts specified above in any action or proceeding relating to this Agreement shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. 
 9.11 Severability. If any part of any provision of
this Agreement shall be invalid or unenforceable in any respect, such part shall be ineffective to the extent of such invalidity or unenforceability only, without in any way affecting the remaining parts of such provision or the remaining provisions
of this Agreement. 
 9.12 Costs of Disputes. Except as otherwise expressly set forth in this Agreement, the nonprevailing party in
any dispute arising hereunder shall bear and pay the costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) incurred by the prevailing party or parties in connection with resolving such dispute. 

 

 E-18 

 IN WITNESS WHEREOF, the REIT, the Partnership, the Merging Entities and the Protected Partners have
caused this Agreement to be signed by their respective officers, general partners, or delegates thereunto duly authorized all as of the date first written above. 
  

											
		 		 	DUPONT FABROS TECHNOLOGY, INC.,
		 		 	a Maryland corporation
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	Hossein Fateh
		 		 		 	Title:	 	Chief Executive Officer
			
		 		 	 DUPONT FABROS TECHNOLOGY, L.P.,
 a Maryland limited partnership

					
		 		 		 	By:	 	 DuPont Fabros Technology, Inc.,
 a Maryland corporation,
 its General Partner

						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	Hossein Fateh
		 		 		 		 	Title:	 	Chief Executive Officer
			
		 		 	 SAFARI VENTURES LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	 Eden Management LLC,
 a Delaware
limited liability company,
 its Managing Member

					
		 		 		 	By:	 	 Panda Interests LLC,
 a Virginia limited liability company,
 its Managing Member

						
		 		 		 		 	By:	 	  

		 		 		 		 	Name:	 	Lammot J. du Pont
		 		 		 		 	Title:	 	Manager

									
		 	RHINO INTERESTS LLC,
		 	a Delaware limited liability company
			
		 	By:	 	Eden Management LLC,
		 		 	a Delaware limited liability company,
		 		 	its Managing Member
				
		 		 	By:	 	Panda Interests LLC,
		 		 		 	a Virginia limited liability company,
		 		 		 	its Managing Member
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	Lammot J. du Pont
		 		 		 	Title:	 	Manager
		
		 	 QUILL VENTURES LLC,
 a Delaware
limited liability company

			
		 	By:	 	Eden Management LLC,
		 		 	a Delaware limited liability company,
		 		 	its Managing Member
				
		 		 	By:	 	Panda Interests LLC,
		 		 		 	a Virginia limited liability company,
		 		 		 	its Managing Member
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	Lammot J. du Pont
		 		 		 	Title:	 	Manager

									
		 	LEMUR VENTURES LLC,
		 	a Delaware limited liability company
			
		 	By:	 	Lemur Management LLC,
		 		 	a Delaware limited liability company,
		 		 	its Managing Member
				
		 		 	By:	 	Panda Interests LLC,
		 		 		 	a Virginia limited liability company,
		 		 		 	its Managing Member
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	Lammot J. du Pont
		 		 		 	Title:	 	Manager
		
		 	 MEERKAT INTERESTS LLC,
 a Delaware
limited liability company

				
		 		 	By:	 	Panda Interests LLC,
		 		 		 	a Virginia limited liability company,
		 		 		 	its Managing Member
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	Lammot J. du Pont
		 		 		 	Title:	 	Manager
		
		 	 GRIZZLY INTERESTS LLC,
 a Delaware
limited liability company

			
		 	By:	 	Grizzly Members LLC,
		 		 	a Delaware limited liability company,
		 		 	its Managing Member
			
		 	By:	 	  

		 	Name:	 	Lammot J. du Pont
		 	Title:	 	Managing Member

 SCHEDULES AND EXHIBITS TO THE TAX PROTECTION AGREEMENT 
  

			
	 Schedule 2.1(a)
	  	List of Protected Partners
	 Schedule 2.1(b)
	  	Gain Limitation Properties and Estimated Initial Protected Gain for Protected Partners
	 Schedule 2.3
	  	Example Illustrating the Provisions of Section 2.3 of the Agreement Relating to Allocation of Annual Gain Limitation Among Protected Partners
	 Schedule 3.1
	  	Minimum Liability Amount
	 Schedule 3.7
	  	Form of Guarantee Agreement

 EXHIBIT A    Form of Certificate of Merger 
 EXHIBIT B    Merger Consideration Calculation 
 EXHIBIT
C    Form of Investor Representations 
 EXHIBIT D    Form of Limited Partner Acceptance 
 EXHIBIT E    Form of Tax Protection Agreement 
 EXHIBIT
F    Form of FIRPTA Certificate – Non-Foreign Person Affidavit

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