Document:

EX-10.16 FORM OF CHANGE IN CONTROL AGREEMENT

 

Exhibit 10.16

EXECUTION VERSION

1X FORM

The Post Group, as defined below, intends to enter into this form of change in control agreement
with four employees, none of whom are executive officers within the meaning of the Securities
Exchange Act of 1934.

AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT

     THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (the “Agreement”) is made and entered
into on this ___day of ___, 2008, by and among ___(the “Executive”), and POST
PROPERTIES, INC., POST APARTMENT HOMES, L.P., and POST SERVICES, INC., and amends, restates and
supersedes the Change in Control Agreement among Executive and Post Properties, Inc., dated March
19, 2004 (the “2004 Agreement”).

WITNESSETH

     WHEREAS, the Post Group and Executive desire collectively to amend and restate the 2004
Agreement in the form of this Agreement to (among other things) take into account § 409A of the
Code;

     WHEREAS, Executive currently is individually and/or collectively employed by the Post Group as
a senior executive; and

     WHEREAS, the Post Group desires to continue to retain Executive’s services, trust, confidence
and complete and undivided attention if there is any speculation regarding a Change in Control of
Post;

     NOW, THEREFORE, in consideration of the mutual promises and agreements set forth in this
Agreement and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Post Group and Executive, intending to be legally bound, hereby agree as
follows:

§ 1. Definitions.

     1.1 Affiliate. The term “Affiliate” for purposes of this Agreement shall mean (a)
Post Apartment Homes, (b) Post Services, (c) Post GP Holdings (d) any other organization if Post,
Post Apartment Homes, Post Services or Post GP Holdings (i) beneficially own more than twenty
percent (20%) of the outstanding voting capital stock of such organization (if such organization is
a corporation) or more than twenty percent (20%) of the beneficial interests of such organization
(if such organization is not a corporation) as of the date of this Agreement and (ii) possess the
power to direct or cause the direction of the day to day operations and affairs of such
organization,

 

 

whether through ownership of voting securities, by contract, in the capacity of general partner,
manager or managing member or otherwise as of the date of this Agreement.

     1.2. Board. The term “Board” for purposes of this Agreement shall mean the Board of
Directors of Post.

     1.3 Cash Compensation. The term “Cash Compensation” for purposes of this Agreement
shall mean the sum of

     (a) Executive’s annual base salary (as determined without regard to any salary deferral
election) from the Post Group in effect on the day before Executive’s employment terminates
under § 3(a)(1) or, if greater, Executive’s average annualized annual base salary (as
determined without regard to any salary deferral election) from the Post Group over the two
(2) consecutive year period (or, if less, Executive’s period of employment by the Post
Group) which ends on the date that Executive’s employment so terminates, and

     (b) the average annual bonuses which have been paid by the Post Group (whether paid at
the discretion of the Post Group or pursuant to the terms of any plan or program) or which
would have been paid but for a bonus deferral election with respect to Executive’s
performance over the two (2) consecutive year period (or, if less, Executive’s period of
employment by the Post Group) which ends on the date that Executive’s employment so
terminates whether (i) such bonuses are paid (or would have been paid but for a bonus
deferral election) in cash, in property, or in any combination of cash and property or (ii)
such bonuses are paid during the calendar year for which performance is measured or are paid
subsequent to the end of the calendar year for which performance is measured; provided,
however,

     (c) neither the value of any stock option or restricted stock grants made to Executive
in any calendar year nor any income which Executive realizes in any calendar year from the
exercise of any such stock options or the lapse of any restrictions on such restricted stock
grants shall be treated as part of Executive’s salary under § 1.3(a) or as part of
Executive’s bonuses under § 1.3(b).

     1.4 Cause. The term “Cause” for purposes of this Agreement shall (subject to §
1.4(d)) mean:

     (a) Executive is convicted of, pleads guilty to, or confesses or otherwise admits to a
member of the Post Group, a prosecutor, or otherwise publicly admits, any felony or any act
of fraud, misappropriation, or embezzlement, or Executive otherwise engages in a fraudulent
act or course of conduct;

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     (b) There is any material act or omission by Executive involving malfeasance or gross
negligence in the performance of Executive’s duties to a member of the Post Group to the
material detriment of the Post Group; or

     (c) Executive breaches in any material respect any of the covenants set forth in § 4, §
5, or § 6 of this Agreement; provided, however,

     (d) No such act or omission or event shall be treated as “Cause” under this Agreement
unless (i) Executive has been provided a detailed, written statement of the basis for the
Post Group’s belief such act or omission or event constitutes “Cause” and an opportunity to
meet with the Compensation Committee (together with Executive’s counsel if Executive chooses
to have Executive’s counsel present at such meeting) after Executive has had a reasonable
period in which to review such statement and, if the allegation is under § 1.4(b) or §
1.4(c), has had at least a thirty (30) day period to take corrective action, and (ii) the
Compensation Committee after such meeting (if Executive meets with the Compensation
Committee) and after the end of such thirty (30) day correction period (if applicable)
determines reasonably and in good faith and by the affirmative vote of at least two-thirds
(2/3) of the members of the Compensation Committee then in office at a meeting called and
held for such purpose that “Cause” does exist under this Agreement.

     1.5 Change in Control. The term “Change in Control” for purposes of this Agreement
shall mean:

     (a) a “change in control” of Post of a nature that would be required to be reported in
response to Item 6(e) of Schedule 14A for a proxy statement filed under Section 14(a) of the
Exchange Act as in effect on the date of this Agreement;

     (b) a “person” (as that term is used in 14(d)(2) of the Exchange Act) becomes the
beneficial owner (as defined in Rule 13d-3 under the Exchange Act) directly or indirectly of
securities representing forty-five percent (45%) or more of the combined voting power for
election of directors of the then outstanding securities of Post;

     (c) the individuals who at the beginning of any period of two (2) consecutive years or
less (starting on or after the date of this Agreement) constitute the Board cease for any
reason during such period to constitute at least a majority of the Board, unless the
election or nomination for election of each new member of the Board was approved by vote of
at least two-thirds (2/3) of the members of such Board then still in office who were members
of such Board at the beginning of such period;

     (d) the shareholders of Post approve any reorganization, merger,

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consolidation, or share exchange as a result of which the common stock of Post shall be
changed, converted, or exchanged into or for securities of another organization (other than
a merger with an Affiliate identified in §1.1(a), (b) or (c) of this Agreement or a
wholly-owned subsidiary of Post), or any dissolution or liquidation of Post, or any sale or
the disposition of fifty percent (50%) or more of the assets or business of Post; or

     (e) the shareholders of Post approve any reorganization, merger, consolidation, or
share exchange with another corporation unless (i) the persons who were the beneficial
owners of the outstanding shares of the common stock of Post immediately before the
consummation of such transaction beneficially own more than sixty percent (60%) of the
outstanding shares of the common stock of the successor or survivor corporation in such
transaction immediately following the consummation of such transaction and (ii) the number
of shares of the common stock of such successor or survivor corporation beneficially owned
by the persons described in § 1.5(e)(i) immediately following the consummation of such
transaction is beneficially owned by each such person in substantially the same proportion
that each such person had beneficially owned shares of Post common stock immediately before
the consummation of such transaction, provided, however (iii) the percentage described in §
1.5(e)(i) of the beneficially owned shares of the successor or survivor corporation and the
number described in § 1.5(e)(ii) of the beneficially owned shares of the successor or
survivor corporation shall be determined exclusively by reference to the shares of the
successor or survivor corporation which result from the beneficial ownership of shares of
common stock of Post by the persons described in § 1.5(e)(i) immediately before the
consummation of such transaction.

     1.6 Code. The term “Code” for purposes of this Agreement shall mean the Internal
Revenue Code of 1986, as amended.

     1.7 Compensation Committee. The term “Compensation Committee” for purposes of this
Agreement shall mean the Executive Compensation and Management Development Committee of the Board
or any successor of such committee or, if there is no such successor, the Board.

     1.8 Confidential or Proprietary Information. The term “Confidential or Proprietary
Information” for purposes of this Agreement shall mean any secret, confidential, or proprietary
information of Post or any Affiliate (not otherwise included in the definition of Trade Secret in §
1.27 of this Agreement) that has not become generally available to the public by the act of one who
has the right to disclose such information without violating any right of Post or any Affiliate.

     1.9 Delayed Payment Date. The term “Delayed Payment Date” for purposes of this
Agreement shall mean the date which is six (6) months and one (1) day after the date that Executive
has a Separation from Service.

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     1.10 Disability. The term “Disability” for purposes of this Agreement shall mean that
Executive, as a result of a mental or physical condition or illness affecting a major life
activity, is unable to perform the essential functions of Executive’s job at the Post Group for any
consecutive 180-day period, even with reasonable accommodation, all as reasonably determined by the
Compensation Committee.

     1.11 Effective Date. The term “Effective Date” for purposes of this Agreement shall
mean either the date which includes the “closing” of the transaction which makes a Change in
Control effective, if the Change in Control is made effective through a transaction which has a
“closing”, or the date a Change in Control is reported in accordance with applicable law as
effective to the Securities and Exchange Commission (or otherwise publicly announced as effective),
if the Change in Control is made effective other than through a transaction which has a “closing”.

     1.12 Exchange Act. The term “Exchange Act” for purposes of this Agreement shall mean
the Securities Exchange Act of 1934, as amended.

     1.13 Good Reason.

     (1) The term “Good Reason” for purposes of this Agreement shall (subject to § 1.13(1)(e))
mean:

     (a) there is a reduction after a Change in Control, but before the end of Executive’s
Protection Period, in Executive’s base salary from the Post Group or there is a reduction
after a Change in Control but before the end of Executive’s Protection Period in Executive’s
eligibility to receive any incentive compensation or bonuses from the Post Group, all
without Executive’s express written consent;

     (b) there is a reduction after a Change in Control, but before the end of Executive’s
Protection Period, in the scope, importance, or prestige of Executive’s duties,
responsibilities, or authority (other than a mere change in Executive’s title, if such
change in title is consistent with the organizational structure of the Post Group following
such Change in Control) without Executive’s express written consent;

     (c) at any time after a Change in Control, but before the end of Executive’s Protection
Period (without Executive’s express written consent), there is a transfer of Executive’s
primary work site from Executive’s primary work site on the date of such Change in Control
or, if Executive subsequently consents in writing to such a transfer under this Agreement,
from the primary work site that was the subject of such consent, to a new primary work site
that is more than thirty-five (35) miles from Executive’s then current primary work site,
unless such new primary work site is closer to Executive’s primary residence than
Executive’s then current primary work site; or

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     (d) there is a failure (without Executive’s express written consent) after a Change in
Control, but before the end of Executive’s Protection Period, to continue to provide to
Executive health and welfare benefits, deferred compensation benefits, executive perquisites
(other than the use of a company airplane for personal purposes), and stock option and
restricted stock grants that are in the aggregate comparable in value to those provided to
Executive immediately prior to the Change in Control Date; provided, however,

     (e) No such act or omission shall be treated as “Good Reason” under § 1.13(1) unless

     (i) (A) Executive delivers to the Compensation Committee a detailed, written
statement of the basis for Executive’s belief that such act or omission constitutes
Good Reason, (B) Executive delivers such statement before the later of (1) the end
of the ninety (90) day period that starts on the date there is an act or omission
which forms the basis for Executive’s belief that Good Reason exists, or (2) the end
of the period mutually agreed upon for purposes of this § 1.13(1)(e)(i)(B) in
writing by Executive and the Chairman of the Compensation Committee, (C) Executive
gives the Compensation Committee a thirty (30) day period after the delivery of such
statement to cure the basis for such belief, and (D) Executive actually submits
Executive’s written resignation to the Compensation Committee during the sixty (60)
day period that begins immediately after the end of such thirty (30) day period if
Executive reasonably and in good faith determines that Good Reason continues to
exist after the end of such thirty (30) day period, or

     (ii) the Post Group states in writing to Executive that Executive has the right
to treat any such act or omission as Good Reason under this Agreement and Executive
resigns during the sixty (60) day period that starts on the date such statement is
actually delivered to Executive;

     (f) If (A) Executive gives the Compensation Committee the statement described in §
1.13(1)(e)(i) before the end of the thirty (30) day period that immediately follows the end
of the Protection Period and Executive thereafter resigns within the period described in §
1.13(1)(e)(i), or (B) the Post Group provides the statement to Executive described in §
1.13(1)(e)(ii) before the end of the thirty (30) day period that immediately follows the end
of the Protection Period and Executive thereafter resigns within the period described in §
1.13(1)(e)(ii), then (C) such resignation shall be treated under this Agreement as if made
in Executive’s Protection Period; and

     (g) If Executive consents in writing to any reduction described in § 1.13(1)(a) or §
1.13(1)(b), to any transfer described in § 1.13(1)(c) or to any

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failure described in § 1.13(1)(d) in lieu of exercising Executive’s right to resign for
Good Reason and delivers such consent to the Post Group, the date such consent is delivered
to the Post Group thereafter shall be treated under this definition as the date of a Change
in Control for purposes of determining whether Executive subsequently has Good Reason under
this Agreement to resign under § 2.1 or § 2.3 as a result of any subsequent reduction
described in § 1.13(1)(a) or § 1.13(1)(b), any subsequent transfer described in §
1.13(1)(c), or any subsequent failure described in § 1.13(1)(d).

     1.14 Gross Up Payment. The term “Gross Up Payment” for purposes of this Agreement
shall mean a payment by the Post Group to or on behalf of Executive which shall be sufficient to
pay in full (a) any excise tax described in § 9 in full, (b) all federal, state and local income
taxes (other than a tax under § 409A of the Code) and social security and other employment taxes on
the payment made to pay such excise tax plus any additional excise taxes, income taxes (other than
a tax under § 409A of the Code) and social security and other employment taxes resulting from such
payment and from all of the additional payments called for in this § 1.14(b) and in § 1.14(c) and
(c) any interest or penalties assessed by the Internal Revenue Service on Executive which are
related to the payment of such taxes unless such interest or penalties are attributable to
Executive’s willful misconduct or gross negligence.

     1.15 Group Health Plan. The term “Group Health Plan” for purposes of this Agreement
shall mean the group health plan maintained by any member of the Post Group for the purpose of
providing medical, dental and vision benefits for the employees of the Post Group and any
Affiliates. 

     1.16 Interest. The term “Interest” for purposes of this Agreement shall mean interest
for the period between Executive’s Separation from Service and Executive’s Delayed Payment Date at
the three (3) month LIBOR rate (using the three (3) month LIBOR rate published in The Wall Street
Journal on the date of Executive’s Separation from Service) plus 100 basis points, compounded
monthly.

     1.17 Multifamily Property. The term “Multifamily Property” for purposes of this
Agreement and any renewal of this Agreement shall mean any real property on which an upscale
multifamily residential-use development has been constructed or is under construction as of the
date of this or any renewal of this Agreement.

     1.18 Post. The term “Post” for purposes of this Agreement shall mean Post Properties,
Inc., a Georgia corporation, and any successor to Post.

     1.19 Post Apartment Homes. The term “Post Apartment Homes” for purposes of this
Agreement shall mean Post Apartment Homes, L.P., a Georgia limited partnership, and any successor
to Post Apartment Homes.

     1.20 Post GP Holdings. The term “Post GP Holdings” for purposes of this

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Agreement shall mean Post GP Holdings, Inc., a Georgia, corporation, and any successor to Post GP
Holdings.

     1.21. Post Group. The term “Post Group” for purposes of this Agreement shall mean,
individually and collectively, Post, Post Apartment Homes and Post Services.

     1.22 Post Services. The term “Post Services” for purposes of this Agreement shall
mean Post Services, Inc., a Georgia corporation, and any successor to Post Services.

     1.23 Protection Period. The term “Protection Period” for purposes of this Agreement
shall (subject to § 1.13(1)(g)) mean the two (2) year period which begins on the Effective Date.

     1.24 Restricted Period. The term “Restricted Period” for purposes of this Agreement
shall mean the period which starts on the date Executive’s employment by the Post Group terminates
under circumstances which create an obligation for the Post Group under § 3 of this Agreement and
which ends (a) on the first anniversary of such termination date or (b) on the first date following
such a termination on which the Post Group breaches any obligation to Executive under § 3 of this
Agreement, whichever period is shorter.

     1.25 Separation from Service. The term “Separation from Service” for purposes of this
Agreement shall mean a “separation from service” within the meaning of § 409A of the Code and the
related income tax regulations.

     1.26 Specified Employee. The term “Specified Employee” for purposes of this Agreement
shall mean a “specified employee” within the meaning of § 409A of the Code and the related income
tax regulations.

     1.27 Trade Secret. The term “Trade Secret” for purposes of this Agreement shall mean
information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a
compilation, a program, a device, a method, a technique, a drawing, a process, financial data,
financial plans, product plans, or a list of actual or potential customers or suppliers that:

     (a) derives economic value, actual or potential, from not being generally known to, and
not being readily ascertainable by proper means by, other persons who can obtain economic
value from its disclosure or use, and

     (b) is the subject of reasonable efforts by Post or an Affiliate to maintain its
secrecy.

§ 2. Term.

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     2.1 Initial Term. Subject to § 2.2, the term of this Agreement which began under the
2004 Agreement on March 19, 2004 (the “Start Date”) with a three (3) year term shall (subject to §
2.3 and § 3) continue under this Agreement up to, but not including, March 19, 2010.

     2.2 Automatic Renewals. Unless a member of the Post Group decides otherwise, and
notifies the Executive of that decision in writing at least 180 days before an anniversary of the
Start Date, the three (3) year term of this Agreement shall (subject to § 2.3 and § 3) renew on
each successive anniversary of the Start Date so that the term of Executive’s employment under this
Agreement shall never be less than two (2) years nor more than three (3) years.

     2.3 Special Rules. If Executive’s Protection Period begins before the term of this
Agreement expires, this Agreement shall continue (notwithstanding § 2.2) in effect through the end
of Executive’s Protection Period and, if Executive has a right to any compensation or benefits
under § 3 before the term of this Agreement expires, the term of this Agreement shall continue
until Executive agrees that all of the Post Group’s obligations to Executive under this Agreement
have been satisfied in full or a court of competent jurisdiction makes a final determination that
the Post Group has no further obligations to Executive under this Agreement, whichever comes first.

§ 3. Compensation and Benefits.

     3.1 General Rule. If there is a Change in Control and any member of the Post Group
during Executive’s Protection Period terminates Executive’s employment without Cause or Executive
during Executive’s Protection Period resigns for Good Reason, then:

     (a) The Post Group shall pay Executive one (1) times Executive’s then Cash Compensation
in cash in a lump sum at his Separation from Service; provided, however, if Executive is a
Specified Employee at Executive’s Separation from Service, such payment shall be delayed and
paid with Interest on his Delayed Payment Date; and

     (b) (i) Each outstanding stock option granted to Executive by Post shall
(notwithstanding the terms under which such option was granted) become fully vested and
exercisable on the date of Executive’s Separation from Service and shall (notwithstanding
the terms under which such option was granted) remain exercisable for the remaining term of
each such option (as determined as if there had been no such Separation from Service)
subject to the same terms and conditions as if Executive had remained employed by the Post
Group for such term (other than any term or condition which gives Post the right to cancel
any such option) and (ii) any restrictions on any outstanding restricted stock grants to
Executive by Post immediately shall (notwithstanding the terms under which such grant was
made) expire and Executive’s right to such stock shall be

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non-forfeitable; and

     (c) The Post Group shall provide or make available health care coverage and shall
provide reimbursement for life insurance and long-term disability premiums as follows:

     (i) During the period starting on the date of Executive’s Separation from
Service and ending on the earlier of (A) the last day of the one (1) year period
following Executive’s Separation from Service (the “1 Year Period”) or (B) the date
when Executive is no longer entitled to continued coverage under § 4980B of the Code
(the “COBRA Period”), the Post Group shall provide continued coverage under the
Group Health plan pursuant to § 4980B of the Code (“COBRA Coverage”) and reimburse
Executive for a portion of the monthly premiums paid by Executive for such COBRA
Coverage,

     (ii) If the period described in § 3.1(c)(i) ends at the end of the COBRA
Period, the Post Group for the remainder (if any) of the 1 Year Period shall provide
Executive (1) continued coverage under the Group Health Plan or (2) if coverage for
Executive is not available under the Group Health Plan, health insurance coverage
from an insurance company selected by Executive and reimburse Executive for a
portion of the monthly premiums paid by Executive for either form of coverage,

     (iii) If so requested by Executive in writing before the end of the coverage
period described in either § 3.1(c)(i) or § 3.1(c)(ii), whichever is applicable, the
Post Group will make available to Executive continued coverage under the Group
Health Plan for up to an additional eighteen (18) months following the end of such
coverage period to the extent Executive had such coverage under the Group Health
Plan at the end of such coverage period and timely pays the monthly premium then
paid by former employees for comparable COBRA Coverage,

     (iv) The reimbursable portion of the premiums paid by Executive each month
under § 3.1(c)(i) and § 3.1(c)(ii) shall equal the dollar amount the Post Group
would have paid on Executive’s behalf each month for the coverage which had been in
effect immediately before Executive’s Separation from Service under the Group Health
Plan had Executive remained employed by the Post Group for the remainder of the 1
Year Period. For the avoidance of doubt, the Post Group will not be responsible for
any reimbursement during the period described in § 3.1(c)(iii),

     (v) The Post Group shall reimburse Executive during the 1 Year Period for a
portion of Executive’s monthly premiums to purchase life

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insurance coverage and long-term disability coverage which is no less than the face
amount of Executive’s life insurance coverage and long-term disability coverage in
effect immediately before Executive’s Separation from Service, and the reimbursable
portion each month shall equal the dollar amount the Post Group would have paid in
premiums on Executive’s behalf each month for the life insurance coverage and
long-term disability coverage under the policies which had been in effect
immediately before Executive’s Separation from Service had Executive remained
employed by the Post Group for the remainder of the 1 Year Period,

     (vi) The reimbursements called for under this § 3.1(c) shall be requested by
Executive and processed and made by the Post Group in accordance with the policies
and procedures in effect from time to time under the Post Group’s standard expense
reimbursement policy for the Post Group’s senior executives as provided to
Executive, but no cost or expense shall be reimbursable under this § 3.1(c) after
the end of the calendar year immediately following the calendar year in which
Executive incurs such cost or expense even if reimbursement was permissible at a
later date under such policy, and

     (vii) The Post Group shall add to each reimbursement made pursuant to this §
3.1(c) an amount which the Post Group acting in good faith reasonably determines
would be sufficient for Executive to pay his income and employment tax due on such
reimbursement if Executive was subject to the maximum marginal tax rates; provided,
however, if Executive is a Specified Employee at his Separation from Service, no
such additional payments shall be made until the Delayed Payment Date, and the Post
Group on the Delayed Payment Date shall make a lump sum payment in cash with
Interest to Executive which the Post Group acting in good faith reasonably
determines would be sufficient for Executive to pay his income and employment tax
due on all of the reimbursements made before such date pursuant to this § 3.1(c) if
Executive was subject to the maximum marginal tax rates.

     3.2 No Increase In Other Benefits.

     If Executive’s employment terminates under the circumstances described in § 3.1(a) or § 3.3,
Executive expressly waives Executive’s right, if any, to have any payment made under § 3.1 taken
into account to increase the benefits otherwise payable to, or on behalf of, Executive under any
employee benefit plan, whether qualified or unqualified, maintained by the Post Group.

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     3.3 Termination In Anticipation Of A Change In Control.

     Executive shall be treated under § 3.1 as if Executive’s employment had been terminated
without Cause or Executive had resigned for Good Reason during Executive’s Protection Period if:

     (a) Executive’s employment is terminated by a member of the Post Group without Cause or
Executive resigns for Good Reason,

     (b) such termination is effected or such resignation is effective at any time in the
sixty (60) day period which ends on the Effective Date of a Change In Control, and

     (c) there is an Effective Date for such Change In Control.

     3.4 Termination as a result of Death or Disability.

     Executive agrees that no member of the Post Group will have any obligation to Executive under
this § 3 if Executive’s employment terminates exclusively as a result of Executive’s death or a
Disability.

§ 4. No Solicitation Of Customers.

     Executive will not, during the Restricted Period, for purposes of competing with Post or any
Affiliate, solicit on Executive’s own behalf or on behalf of any other person, firm, or corporation
which engages, directly or indirectly, in the development, operation, management, leasing or
landscaping of a Multifamily Property, any customer of Post or any Affiliate with whom Executive
had a personal business interaction at any time during the two (2) years immediately prior to the
termination of Executive’s employment by any member of the Post Group. This § 4 shall not prohibit
a general solicitation not targeted at Post’s or an Affiliate’s customers and in which Executive
has no participation or involvement.

§ 5. Antipirating Of Employees.

     Executive will not during the Restricted Period employ or seek to employ on Executive’s own
behalf or on behalf of any other person, firm or corporation that engages, directly or indirectly,
in the development, operation, management, leasing, or landscaping of a Multifamily Property, any
person who was employed by a member of the Post Group in an executive, managerial, or supervisory
capacity during the term of Executive’s employment by a member of the Post Group and with whom
Executive had business dealings during the two (2) year period which ends on the date Executive’s
employment by any member of the Post Group terminates (whether or not such employee would commit a
breach of contract), and who has not ceased to be employed by a member of the Post Group for a
period of at least one (1) year. This § 5 shall not

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prohibit a general solicitation not targeted at employees of Post or an Affiliate and in which
Executive has no participation or involvement.

§ 6. Trade Secrets And Confidential Or Proprietary Information.

     Executive hereby agrees to hold in a fiduciary capacity for the benefit of Post and each
Affiliate, and will not directly or indirectly use or disclose, any Trade Secret that Executive may
have acquired during the term of Executive’s employment by any member of the Post Group for so long
as such information remains a Trade Secret even if such information remains a Trade Secret after
the expiration of the Restricted Period.

     In addition, Executive agrees during the Restricted Period to hold in a fiduciary capacity for
the benefit of Post and each Affiliate, and not to directly or indirectly use or disclose, any
Confidential or Proprietary Information that Executive may have acquired (whether or not developed
or compiled by Executive and whether or not Executive was authorized to have access to such
information) during the term of, in the course of, or as a result of Executive’s employment by any
member of the Post Group.

§ 7. Reasonable and Necessary Restrictions.

     The Post Group has identified Executive as an individual with significant skills and
experience critical to the business of the Post Group. In view of the significant and growing
demand for executive talent, the potential impact on the Post Group’s executives of the
transformational changes occurring within the industry and the Post Group, and the need to ensure
continuity of the management team for the Post Group, the Post Group desires to provide Executive
through this Agreement with certain incentives to remain in the Post Group’s employment. This
Agreement is also designed to provide additional motivation for meeting the Post Group’s goals and
objectives, to address potential long term employment concerns of Executive, and to impose certain
reasonable restrictions on Executive’s activities designed to protect the Post Group’s interests
should Executive’s employment terminate.

     Executive acknowledges that Post and its Affiliates shall disclose or make available
Confidential Information and Trade Secrets to Executive that could be used by Executive to the
detriment of Post and its Affiliates. In addition, in connection with his employment, Executive
shall develop important relationships and contacts with employees valuable to Post and its
Affiliates.

     Executive further acknowledges that § 4, § 5, and § 6 of this Agreement are fair and
reasonable, enforcement of the provisions of this Agreement will not cause Executive undue
hardship, and the provisions of this Agreement are reasonably necessary and commensurate with the
need to protect the Post Group and their business interests and property from irreparable harm.

     Executive acknowledges that the restrictions, prohibitions, and other provisions

-13-

 

set forth in this Agreement, including without limitation the Restricted Period and those set forth
in § 4, § 5, and § 6, are reasonable, fair and equitable in scope, terms, and duration; are
necessary to protect the legitimate business interests of the Post Group; and are a material
inducement to the Post Group to enter into this Agreement. Executive covenants that Executive will
not challenge the enforceability of this Agreement nor will Executive raise any equitable defense
to its enforcement.

§ 8. Specific Performance.

     Executive acknowledges that the obligations undertaken by him pursuant to this Agreement are
unique and that the Post Group likely will have no adequate remedy at law if Executive shall fail
to perform any of Executive’s obligations under this Agreement, and Executive therefore confirms
that the Post Group’s right to specific performance of the terms of this Agreement is essential to
protect the rights and interests of the Post Group. Accordingly, in addition to any other remedies
that the Post Group may have at law or in equity, the Post Group will have the right to have all
obligations, covenants, agreements, and other provisions of this Agreement specifically performed
by Executive, and the Post Group will have the right to obtain preliminary and permanent injunctive
relief to secure specific performance and to prevent a breach or contemplated breach of this
Agreement by Executive, and Executive submits to the jurisdiction of the courts of the State of
Georgia for this purpose.

§ 9. Tax Protection.

     9.1 General Rule. If Post or Post’s independent accountants (which shall consider
such issue upon the reasonable request of the Executive) determine that any payments and benefits
called for under this Agreement, together with any other payments and benefits made available to
Executive by the Post Group, will result in Executive’s being subject to an excise tax under § 4999
of the Code or if such an excise tax is assessed against Executive as a result of any such payments
and other benefits, the Post Group shall make a Gross Up Payment to or on behalf of Executive as
and when any such determination or assessment is made, provided Executive takes such action (other
than waiving Executive’s right to any payments or benefits in excess of the payments or benefits
which Executive has expressly agreed to waive under this § 9) as the Post Group reasonably requests
under the circumstances to mitigate or challenge such tax; provided, however, if the Post Group or
the Post Group’s independent accountants make such a determination and, further, determine that
Executive will not be subject to any such excise tax if Executive waives Executive’s right to
receive a part of such payments or benefits and such part does not exceed $10,000, Executive shall
irrevocably waive Executive’s right to receive such part if an independent accountant or lawyer
retained by Executive and paid by the Post Group agrees with the determination made by the Post
Group or the Post Group’s independent accountants with respect to the effect of such reduction in
payments or benefits. Any determinations under this § 9 shall be made in accordance with § 280G of
the Code and any applicable related regulations (whether proposed, temporary, or final) and any
related Internal Revenue

-14-

 

Service rulings and any related case law and, if the Post Group reasonably requests that Executive
take action to mitigate or challenge, or to mitigate and challenge, any such tax or assessment
(other than waiving Executive’s right to any payments or benefits in excess of the payments or
benefits which Executive has expressly agreed to waive under this § 9) and Executive complies with
such request, the Post Group shall provide Executive with such information and such expert advice
and assistance from Post’s independent accountants, lawyers, and other advisors as Executive may
reasonably request and shall pay for all expenses incurred in effecting such compliance and any
related fines, penalties, interest, and other assessments.

     9.2 409A Rule. Any Gross Up Payment called for under § 9.1 to reimburse Executive for
paying the related tax shall be paid to Executive as and when any such determination or assessment
is made under § 9.1. The Post Group and Executive acknowledge and agree that solely to satisfy an
express requirement in the regulations under § 409A of the Code, such payment shall be made no
later than the end of the calendar year immediately following the calendar year in which Executive
pays the related tax, and that this provision of § 9.2 shall not give the Post Group the right to
delay making a Gross Up Payment to or on behalf of Executive under § 9.1.

§ 10. Executive’s Legal Fees and Expenses.

     If any action at law or in equity is necessary for Executive to enforce or interpret the terms
of this Agreement, the Post Group shall pay Executive’s reasonable attorneys’ fees and other
reasonable expenses incurred with respect to such action. If any other action is taken with
respect to this Agreement, the Post Group shall bear its own attorneys’ fees and expenses and
Executive shall bear Executive’s own attorneys’ fees and expenses. If a reimbursement is called
for under this § 10, such reimbursement shall be made no later than the end of the calendar year
immediately following the calendar year in which Executive pays the related legal fees or expenses.
The Post Group and Executive acknowledge and agree that the deadline set forth in the immediately
preceding sentence is only intended to satisfy an express requirement in the regulations under §
409A of the Code and that such sentence shall not give the Post Group the right to delay making a
reimbursement in accordance with the first sentence in this § 10.

§ 11. Miscellaneous.

     11.1 Binding Effect. This Agreement shall inure to the benefit of and shall be
binding upon Executive and his executor, administrator, heirs, personal representatives, and
assigns; provided, however, that Executive shall not be entitled to assign or delegate any of his
rights or obligations hereunder without the prior written consent of the Post Group. This
Agreement shall inure to the benefit of and shall be binding upon the Post Group and their
successors and assigns; provided, however, that this Agreement is assignable in whole or in part to
any parent, subsidiaries, or affiliates of the Post Group only if such person or entity is
financially capable of fulfilling the

-15-

 

obligations of the Post Group under this Agreement, and the Post Group as part of any Change in
Control which is made effective through a transaction for which there is a “closing” shall assign
the Post Group’s obligations under this Agreement to such successor and such successor shall
expressly agree to such assignment or the Post Group on or before the Effective Date for such
Change in Control shall (without any further action on the part of Executive) take the action
called for in § 3 of this Agreement as if Executive had been terminated without Cause on the
Effective Date for such Change in Control without regard to whether Executive’s employment actually
has terminated.

     11.2 Construction of Agreement. No provision of this Agreement or any related
document shall be construed against or interpreted to the disadvantage of any party hereto by any
court or other governmental or judicial authority, including an arbitrator, by reason of such party
having or being deemed to have structured or drafted such provision.

     11.3 Governing Law. This Agreement shall be governed by and construed under the laws
of the State of Georgia (without reference to the choice of law principles under the laws of the
State of Georgia). Executive consents to jurisdiction and venue in the state and federal courts in
the State of Georgia for any action arising from a dispute under this Agreement, and for any such
action brought in such a court, expressly waives any defense Executive might otherwise have based
on lack of personal jurisdiction or improper venue, or that the action has been brought in an
inconvenient forum.

     11.4 Survival of Agreements. All covenants and agreements made in this Agreement
shall survive the execution and delivery of this Agreement and the termination of Executive’s
employment under this Agreement for any reason.

     11.5 Headings and References. The section and sub-section headings contained in this
Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. All references to sections (§) in this Agreement shall be to
sections (§) of this Agreement unless otherwise expressly noted.

     11.6 Notices. All notices, requests, consents, and other communications called for
under this Agreement shall be in writing and shall be deemed to be given when delivered personally
or mailed first class, registered or certified mail, postage prepaid, in either case, addressed as
follows:

	 	(a)	 	If to Executive, to Executive at his or her most recent home address as shown
in the Post Group’s personnel files.

-16-

 

	 	(b)	 	If to the Post Group:

Post Properties, Inc.

One Riverside

4401 Northside Parkway

Suite 800

Atlanta, GA 30327-3057

Attention: Corporate Secretary

with a copy to:

Keith M. Townsend

King & Spalding LLP

1180 Peachtree Street

Atlanta, GA 30309-3521

     11.7 Counterparts. This Agreement may be executed in two or more counterparts, each
of which shall be deemed to be an original, but all of which together shall constitute one and the
same instrument.

     11.8 Entire Agreement. This Agreement constitutes the entire agreement of the Post
Group and Executive with respect to the subject matter hereof and supersedes and replaces all prior
agreements, written or oral, with respect to the subject matter hereof. This Agreement may be
modified only by a written instrument signed by the member of the Post Group and Executive.

     11.9 Severability. In the event that any provision or portion of this Agreement shall
be determined to be invalid or unenforceable for any reason, in whole or in part, the remaining
provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect
to the fullest extent permitted by law.

     11.10 No Waiver. No waiver by any party of any breach by the other party of any
condition or provision contained in this Agreement to be performed by such other party shall be
deemed a waiver of a similar or dissimilar condition or provision at the same or any prior or
subsequent time. Any waiver must be in writing and signed by Executive or an authorized officer of
a member of the Post Group, as the case may be.

     11.11 Not an Employment Contract. This Agreement is not an employment contract and
shall not give Executive the right to continue in employment by the Post Group (or any member
thereof) for any period of time or from time to time. Moreover, this Agreement shall not adversely
affect the right of the Post Group (or any member thereof) to terminate Executive’s employment with
or without cause at any time.

-17-

 

     IN WITNESS WHEREOF, the members of the Post Group and Executive have executed this Agreement
as of the date first written above.

	 	 	 	 	 	 	 
	 	 	POST PROPERTIES, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	POST APARTMENT HOMES, L.P.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	POST SERVICES, INC.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	 
	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	Title:	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	EXECUTIVE
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

-18-EX-10.1 AMENDED/RESTATED FIVE YEAR CREDIT AGRMT.

 

EXHIBIT 10.1

EXECUTION VERSION

Published Deal CUSIP Number:                     

Published Revolving Commitment CUSIP Number:                     

U.S. $900,000,000

AMENDED AND RESTATED

FIVE YEAR CREDIT AGREEMENT

Dated as of December 3, 2007

Among

INVESCO PLC

as Borrower

INVESCO LTD.

as Parent

and

THE INITIAL LENDERS NAMED HEREIN

as Initial Lenders

and

BANK OF AMERICA, N.A.

as Administrative Agent

 

BANC OF AMERICA SECURITIES LLC

and

CITIGROUP GLOBAL MARKETS INC.

as Joint Lead Arrangers and Book Managers

CITIBANK N.A.

as Syndication Agent

HSBC BANK USA, NATIONAL ASSOCIATION,

JPMORGAN CHASE BANK, N.A.

and

WACHOVIA BANK, NATIONAL ASSOCIATION

as Co-Documentation Agents

 

 

Table of Contents

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	 
	 	 	 	 
	Section 1.01 Amendment and Restatement
	 	 	1	 
	Section 1.02 Certain Defined Terms
	 	 	2	 
	Section 1.03 Computation of Time Periods
	 	 	18	 
	Section 1.04 Accounting Terms
	 	 	18	 
	 
	 	 	 	 
	ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES
	 	 	18	 
	 
	 	 	 	 
	Section 2.01 The Advances
	 	 	18	 
	Section 2.02 Making the Advances
	 	 	19	 
	Section 2.03 Swing Line Loans
	 	 	20	 
	Section 2.04 Fees
	 	 	23	 
	Section 2.05 Termination, Reduction or Increase of the Commitments
	 	 	23	 
	Section 2.06 Repayment of Advances
	 	 	25	 
	Section 2.07 Interest on Advances
	 	 	26	 
	Section 2.08 Interest Rate Determination
	 	 	26	 
	Section 2.09 Optional Conversion of Advances
	 	 	27	 
	Section 2.10 Prepayments of Advances
	 	 	27	 
	Section 2.11 Increased Costs
	 	 	29	 
	Section 2.12 Illegality; Circumstances Affecting Availability
	 	 	30	 
	Section 2.13 Payments Generally and Computations
	 	 	30	 
	Section 2.14 Taxes
	 	 	31	 
	Section 2.15 Sharing of Payments, Etc.
	 	 	35	 
	Section 2.16 Use of Proceeds
	 	 	35	 
	 
	 	 	 	 
	ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING
	 	 	35	 
	 
	 	 	 	 
	Section 3.01 Conditions Precedent to Effectiveness
	 	 	35	 
	Section 3.02 Conditions Precedent to Each Borrowing and Each Increase Date
	 	 	36	 
	Section 3.03 Determinations Under Section 3.01
	 	 	37	 
	 
	 	 	 	 
	ARTICLE IV REPRESENTATIONS AND WARRANTIES
	 	 	37	 
	 
	 	 	 	 
	Section 4.01 Representations and Warranties of the Parent and the Borrower
	 	 	37	 
	 
	 	 	 	 
	ARTICLE V COVENANTS OF THE BORROWER
	 	 	41	 
	 
	 	 	 	 
	Section 5.01 Affirmative Covenants
	 	 	41	 
	Section 5.02 Negative Covenants
	 	 	46	 
	Section 5.03 Financial Covenants
	 	 	51	 

-i-

 

Table of Contents

(continued)

	 	 	 	 	 
	 	 	Page	 
	ARTICLE VI EVENTS OF DEFAULT
	 	 	51	 
	 
	 	 	 	 
	Section 6.01 Events of Default
	 	 	51	 
	Section 6.02 Application of Funds
	 	 	54	 
	 
	 	 	 	 
	ARTICLE VII Administrative Agent
	 	 	55	 
	 
	 	 	 	 
	Section 7.01 Appointment and Authority
	 	 	55	 
	Section 7.02 Rights as a Lender
	 	 	55	 
	Section 7.03 Exculpatory Provisions
	 	 	55	 
	Section 7.04 Reliance by Administrative Agent
	 	 	56	 
	Section 7.05 Delegation of Duties
	 	 	56	 
	Section 7.06 Resignation of Administrative Agent
	 	 	56	 
	Section 7.07 Non-Reliance on Administrative Agent and Other Lenders
	 	 	57	 
	Section 7.08 No Other Duties, Etc.
	 	 	58	 
	Section 7.09 Administrative Agent May File Proofs of Claim
	 	 	58	 
	Section 7.10 Guaranty Matters
	 	 	58	 
	 
	 	 	 	 
	ARTICLE VIII MISCELLANEOUS
	 	 	59	 
	 
	 	 	 	 
	Section 8.01 Amendments, Etc.
	 	 	59	 
	Section 8.02 Notices; Effectiveness; Electronic Communication
	 	 	60	 
	Section 8.03 No Waiver; Remedies
	 	 	62	 
	Section 8.04 Expenses; Indemnity; Damage Waiver
	 	 	62	 
	Section 8.05 Right of Set-off
	 	 	64	 
	Section 8.06 Successors and Assigns
	 	 	64	 
	Section 8.07 Treatment of Certain Information; Confidentiality
	 	 	67	 
	Section 8.08 Governing Law
	 	 	68	 
	Section 8.09 Execution in Counterparts
	 	 	68	 
	Section 8.10 Survival of Representations and Warranties
	 	 	68	 
	Section 8.11 Replacement of Lenders
	 	 	68	 
	Section 8.12 Jurisdiction, Etc.
	 	 	69	 
	Section 8.13 Judgment
	 	 	70	 
	Section 8.14 Waiver of Jury Trial
	 	 	71	 
	Section 8.15 USA PATRIOT Act Notice
	 	 	71	 
	Section 8.16 Consent to Reorganization
	 	 	71	 

-ii-

 

	 	 	 	 	 
	Schedules
	 	 	 	 
	 
	 	 	 	 
	Schedule I

	 	-
	 	List of Applicable Lending Offices
	Schedule 1.01

	 	-
	 	Mandatory Costs
	Schedule 4.01(b)

	 	-
	 	Subsidiaries
	Schedule 4.01(d)

	 	-
	 	Required Authorizations
	Schedule 4.01(i)

	 	-
	 	Disclosed Litigation
	Schedule 4.01(v)

	 	-
	 	Existing Debt
	Schedule 5.02(a)

	 	-
	 	Existing Liens
	Schedule 8.02

	 	-
	 	Administrative Agent’s Office; Certain Addresses for Notices
	Schedule 8.06

	 	-
	 	Processing and Recordation Fees
	 
	 	 	 	 
	Exhibits
	 	 	 	 
	 
	 	 	 	 
	Exhibit A

	 	-
	 	Form of Note
	Exhibit B-1

	 	-
	 	Form of Notice of Borrowing
	Exhibit B-2

	 	-
	 	Form of Swing Line Loan Notice
	Exhibit C

	 	-
	 	Form of Assignment and Assumption
	Exhibit D

	 	-
	 	Form of Assumption Agreement
	Exhibit E-1

	 	-
	 	Form of Subsidiary Guaranty
	Exhibit E-2

	 	-
	 	Form of Parent Guaranty
	Exhibit F

	 	-
	 	Form of Opinion of U.S. Counsel for the Borrower and Parent
	Exhibit G

	 	-
	 	Form of Opinion of U.K. Counsel for the Borrower
	Exhibit H

	 	-
	 	Form of Opinion of Bermuda Counsel for the Parent
	Exhibit I

	 	-
	 	UK Tax Compliance Certificate

iii

 

AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT

     This Amended and Restated Five Year Credit Agreement (the “Agreement”) is entered into
as of December 3, 2007 among INVESCO PLC, a company organized under the laws of England and Wales,
and its successors (the “Borrower”), INVESCO LTD., a company organized under the laws of
Bermuda (the “Parent”), the banks, financial institutions and other institutional lenders
(the “Initial Lenders”) listed on the signature pages hereof, and BANK OF AMERICA, N.A.
(“Bank of America”), as administrative agent (the “Administrative Agent” or
“Agent”) for the Lenders (as hereinafter defined), hereby agree as follows:

PRELIMINARY STATEMENTS:

     The Borrower, Bank of America (as Administrative Agent) and certain lenders party thereto (the
“Existing Lenders”) entered into that certain Five Year Credit Agreement dated March 31,
2005 pursuant to which the Existing Lenders provided the Borrower with a revolving credit facility
in an initial principal amount of up to $900,000,000 (the “Existing Credit Agreement”). To
facilitate a corporate reorganization of the Borrower and its Subsidiaries resulting in (i) the
formation of the Parent as the holding company of the Borrower (and the Borrower as a wholly owned
Subsidiary of the Parent) and (ii) the distribution by the Borrower to the Parent of the Borrower’s
ownership interest in certain of its foreign subsidiaries (the “Reorganization”), the
Borrower has requested that the Administrative Agent and the Existing Lenders amend and restate the
Existing Credit Agreement (the “Amendment and Restatement”) upon the terms and conditions
of this Agreement.

     NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements
contained herein, the parties hereto agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

     Section 1.01 Amendment and Restatement. In order to facilitate the Amendment and
Restatement and otherwise to effectuate the desires of the Borrower, the Administrative Agent and
the Lenders:

     (a) The Borrower, the Administrative Agent and the Lenders hereby agree that upon the
effectiveness of this Agreement, the terms and provisions of the Existing Credit Agreement which in
any manner govern or evidence the obligations of the Borrower and the Guarantors, the rights and
interests of the Administrative Agent and the Lenders and any terms, conditions or matters related
to any thereof, shall be and hereby are amended and restated in their entirety by the terms,
conditions and provisions of this Agreement, and the terms and provisions of the Existing Credit
Agreement, except as otherwise expressly provided herein, shall be superseded by this Agreement.

     (b) Notwithstanding this amendment and restatement of the Existing Credit Agreement, including
anything in this Section 1.01, and of any related “Loan Documents” (as such term is defined
in the Existing Credit Agreement and referred to herein, individually or

1

 

collectively, as the “Existing Credit Documents”), (i) all of the indebtedness,
liabilities and obligations owing by any Person under the Existing Credit Agreement and other
Existing Credit Documents shall continue as obligations hereunder, and (ii) each of this Agreement
and the Notes and any other Loan Document (as defined herein) is given as a substitution of and
modification of, and not as a payment of or novation of, the indebtedness, liabilities and
obligations of the Borrower under the Existing Credit Agreement or any Existing Credit Document and
neither the execution and delivery of such documents nor the consummation of any other transaction
contemplated hereunder is intended to constitute a novation of the Existing Credit Agreement or of
any of the other Existing Credit Documents or any obligations thereunder. Upon the effectiveness
of this Agreement, all Advances (including all Swing Line Loans) owing by the Borrower, and
outstanding under the Existing Credit Agreement shall continue as Advances hereunder and shall
constitute advances hereunder. Base Rate Advances under the Existing Credit Agreement shall accrue
interest at the Base Rate hereunder and the parties hereto agree that the Interest Periods for all
Eurocurrency Rate Advances outstanding under the Existing Credit Agreement on the Effective Date
shall remain in effect without renewal, interruption or extension as Eurocurrency Rate Advances
under this Agreement and accrue interest at the Eurocurrency Rate hereunder.

     Section 1.02 Certain Defined Terms. As used in this Agreement, the following terms
shall have the following meanings (such meanings to be equally applicable to both the singular and
plural forms of the terms defined):

     “Adjusted Debt” outstanding on any date means the sum, without duplication, of
(a) the aggregate principal amount of all Debt of the Parent and its Subsidiaries, on a
Consolidated basis, outstanding on such date of the kinds referred to in clauses (a), (c),
(d), (e), (f) and (h) (exclusive in clause (h) of the Debt of the kind referred to in
clauses (b) and (g)) of the definition of “Debt” and (b) the aggregate principal amount of
all Debt of the Parent and its Subsidiaries, on a Consolidated basis, outstanding on such
date of the kinds referred to in clause (i) of the definition of Debt that relates to Debt
of other Persons of the kinds referred to in clauses (a), (c), (d), (e), (f) and (h)
(exclusive in clause (h) of the Debt of the kind referred to in clauses (b) and (g)), of the
definition of “Debt”.

     “Administrative Agent’s Account” means (a) in the case of Advances denominated
in Dollars the account of the Administrative Agent maintained by the Administrative Agent at
Bank of America with its office at Charlotte, North Carolina, ABA No. 026009593, Account No.
1366212250600 Bank of America N.A. New York, NY Account Name: Corporate Credit Support Re:
INVESCO, and (b) in the case of Advances denominated in Sterling, the account of the
Administrative Agent maintained by the Administrative Agent at Midland Bank PLC with its
office at 110 Cannon Street, EC4N 6AA London, England, for the account of Bank of America,
N.A., Account # 00478549 Ref: INVESCO.

     “Advance” means an advance by a Lender to the Borrower as part of a Borrowing
and, unless such Borrowing is a Swing Line Loan, refers to a Base Rate Advance or a
Eurocurrency Rate Advance (each of which shall be a “Type” of Advance), and, as the
context may require, includes an advance of a Swing Line Loan by the Swing Line Lender to
the Borrower.

2

 

     “Affiliate” means, as to any Person, any other Person that, directly or
indirectly, controls, is controlled by or is under common control with such Person or is a
director or officer of such Person. For purposes of this definition, the term “control”
(including the terms “controlling”, “controlled by” and “under common control with”) of a
Person means the possession, direct or indirect, of the power to vote 10% or more of the
Voting Stock of such Person or to direct or cause the direction of the management and
policies of such Person, whether through the ownership of Voting Stock, by contract or
otherwise.

     “Applicable Accounting Standards” means either (i) International Financial
Reporting Standards, or (ii) if the Parent has elected to change its accounting policies or
reporting practices in accordance with Section 5.02(h)(ii), US GAAP;
provided, that, following any such change, commencing with the next occurring
quarter end, with respect to financial reporting, covenant compliance or other financial
measurements over time, Applicable Accounting Standards shall be US GAAP during the entire
applicable measurement or reporting period in question following any such change in
accordance with Section 5.02(h)(ii).

     “Applicable Lending Office” means, with respect to each Lender, such Lender’s
Domestic Lending Office in the case of a Base Rate Advance and such Lender’s Eurocurrency
Lending Office in the case of a Eurocurrency Rate Advance.

     “Applicable Margin” means, as of any date, a percentage per annum determined by
reference to the Performance Level applicable on such date as set forth below:

	 	 	 	 	 
	 	 	Applicable Margin for	 	Applicable Margin for
	Performance Level	 	Base Rate Advances	 	Eurocurrency Rate Advances
	I
	 	0%
	 	0.360%
	II
	 	0%
	 	0.400%
	III
	 	0%
	 	0.475%
	IV
	 	0%
	 	0.575%
	V
	 	0%
	 	0.750%

For purposes of this definition, the Performance Level shall be determined as at the end of
each fiscal quarter of the Parent based upon the calculation of the Debt/EBITDA Ratio for
such fiscal quarter set forth in the compliance certificate delivered pursuant to
Section 5.01(j)(i) or (ii). The Applicable Margin shall be adjusted (if
necessary) upward or downward as of the first day of each fiscal quarter to reflect the
Performance Level as of the last day of the immediately preceding fiscal quarter; provided
that if such compliance certificate is delivered after the first day of a fiscal quarter,
such adjustment shall be made on the first day following the delivery of such compliance
certificate and shall be deemed to have become effective as of the first day of such fiscal
quarter. Initially, from the Effective Date until the next date for which a compliance
certificate is delivered pursuant to Section 5.01(j)(i) or (ii), the
Applicable Margin shall be determined by reference to Performance Level I.

3

 

     “Applicable Percentage” means, as of any date, a percentage per annum
determined by reference to the Performance Level applicable on such date as set forth below:

	 	 	 
	Performance	 	Applicable
	Level	 	Percentage
	I
	 	0.090%
	II
	 	0.100%
	III
	 	0.125%
	IV
	 	0.175%
	V
	 	0.250%

For purposes of this definition, the Performance Level shall be determined as at the end of
each fiscal quarter of the Parent based upon the calculation of the Debt/EBITDA Ratio for
such fiscal quarter set forth in the compliance certificate delivered pursuant to
Section 5.01(j)(i) or (ii). The Applicable Percentage shall be adjusted (if
necessary) upward or downward as of the first day of each fiscal quarter to reflect the
Performance Level as of the last day of the immediately preceding fiscal quarter; provided
that if such compliance certificate is delivered after the first day of a fiscal quarter,
such adjustment shall be made on the first day following the delivery of such compliance
certificate and shall be deemed to have become effective as of the first day of such fiscal
quarter. Initially, from the Effective Date until the next date for which a compliance
certificate is delivered pursuant to Section 5.01(j)(i) or (ii), the
Applicable Percentage shall be determined by reference to Performance Level I.

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

     “Arrangers” means the entities listed as Joint Lead Arrangers on the cover page
hereto.

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

     “Assignment and Assumption” means an assignment and assumption agreement
entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent,
in substantially the form of Exhibit C attached hereto.

     “Assuming Lender” means an Eligible Assignee not previously a Lender that
becomes a Lender hereunder pursuant to Section 2.05(b).

     “Assumption Agreement” means an agreement in substantially the form of
Exhibit D attached hereto by which an Eligible Assignee agrees to become a Lender
hereunder pursuant to Section 2.05(b), in each case agreeing to be bound by all
obligations of a Lender hereunder.

4

 

     “Bank of America” has the meaning specified in the recital of parties to this
Agreement.

     “Base Rate” means for any day a fluctuating rate per annum equal to the higher
of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such
day as publicly announced from time to time by Bank of America as its “prime rate.” The
“prime rate” is a rate set by Bank of America based upon various factors including Bank of
America’s costs and desired return, general economic conditions and other factors, and is
used as a reference point for pricing some loans, which may be priced at, above, or below
such announced rate. Any change in such rate announced by Bank of America shall take effect
at the opening of business on the day specified in the public announcement of such change.

     “Base Rate Advance” means an Advance denominated in Dollars that bears interest
as provided in Section 2.07(a)(i).

     “Borrower” has the meaning specified in the recital of parties to this
Agreement.

     “Borrowing” means a borrowing consisting of simultaneous Advances of the same
Type, and in the case of Eurocurrency Rate Advances, having the same Interest Period, made
by each of the Lenders pursuant to Section 2.01 or a Swing Line Borrowing, or both,
as the context may require.

     “Business Day” means a day of the year other than a day on which banks are
required or authorized by law to close in New York City and Charlotte, North Carolina and,
if the applicable Business Day relates to any Eurocurrency Rate Advances, a day on which
dealings are carried on in the London interbank market and banks are open for business in
London.

     “Capital Leases” means all leases that have been or should be, in accordance
with Applicable Accounting Standards, recorded as capital leases.

     “Commitment” means, as to any Lender, the Dollar amount set forth opposite its
name on the signature pages hereof or, if such Lender has entered into any Assumption
Agreement or Assignment and Assumption, the Dollar amount set forth for such Lender in the
Register maintained by the Administrative Agent pursuant to Section 8.06(c), in each
case as such amount may be reduced pursuant to Section 2.05(a) or increased pursuant
to Section 2.05(b).

     “Consolidated” refers to the consolidation of accounts in accordance with
Applicable Accounting Standards.

     “Convert”, “Conversion” and “Converted” each refers to a
conversion of Advances of one Type into Advances of the other Type pursuant to Section
2.08 or 2.09.

     “Debt” of any Person means, without duplication, (a) all indebtedness of such
Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of property or services (other than trade payables incurred in the ordinary course of

5

 

such Person’s business and payable on customary terms), (c) all obligations of such
Person evidenced by notes, bonds, debentures or other similar instruments, (d) all
obligations of such Person created or arising under any conditional sale or other title
retention agreement with respect to property acquired by such Person (even though the rights
and remedies of the seller or lender under such agreement in the event of default are
limited to repossession or sale of such property) (other than trade payables incurred in the
ordinary course of such Person’s business and payable on customary terms), (e) all
obligations of such Person as lessee under Capital Leases, (f) all obligations, contingent
or otherwise, of such Person in respect of acceptances, letters of credit or similar
extensions of credit, (g) all net payment obligations of such Person in respect of Hedge
Agreements on the date of determination, (h) all Debt of others referred to in clauses (a)
through (g) above or clause (i) below guaranteed directly or indirectly in any manner by
such Person, or in effect guaranteed directly or indirectly by such Person through a written
agreement (1) to pay or purchase such Debt or to advance or supply funds for the payment or
purchase of such Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or to
purchase or sell services, primarily for the purpose of enabling the debtor to make payment
of such Debt or to assure the holder of such Debt against loss, (3) to supply funds to or in
any other manner invest in the debtor (including any agreement to pay for property or
services irrespective of whether such property is received or such services are rendered) or
(4) otherwise to assure a creditor against loss, and (i) all Debt referred to in clauses (a)
through (h) above secured by (or for which the holder of such Debt has an existing right,
contingent or otherwise, to be secured by) any Lien on property (including, without
limitation, accounts and contract rights) owned by such Person, even though such Person has
not assumed or become liable for the payment of such Debt, provided that, in no
event shall “Debt” include any obligations of the Parent or any of its Subsidiaries incurred
in connection with any securitization program described in Section 5.02(d)(ii).

     “Debt/EBITDA Ratio” means, as of any date of determination, the ratio of
Adjusted Debt (excluding (i) Subsidiary Non-Recourse Debt and (ii) so long as the Parent and
its Subsidiaries own 100% of the Office Equipment Sale and Leaseback Bonds, liabilities with
respect to the Office Equipment Sale and Leaseback Lease, in each case to the extent
otherwise included in Adjusted Debt) to EBITDA (excluding for purpose of this calculation of
EBITDA only that portion of EBITDA attributable to the net income, expenses, losses, charges
and gains of each Special Purpose Subsidiary) for each period of four consecutive fiscal
quarters of the Parent ended on or immediately prior to such time.

     “Default” means any Event of Default or any event that would constitute an
Event of Default but for the requirement that notice be given or time elapse or both.

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of
the Advances or participations in Swing Line Loans required to be funded by it hereunder
within one Business Day of the date required to be funded by it hereunder, unless such
failure has been cured, (b) has otherwise failed to pay over to the Administrative Agent or
any other Lender any other amount required to be paid by it hereunder within one Business
Day of the date when due, unless such failure is the subject of a good faith

6

 

dispute or unless such failure has been cured or (c) has been deemed insolvent or
become the subject of a bankruptcy or insolvency proceeding.

     “Disclosed Litigation” has the meaning specified in Section 4.01(i).

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

     “Domestic Lending Office” means, with respect to any Lender, the office of such
Lender specified as its “Domestic Lending Office” opposite its name on Schedule I
hereto or in the Assumption Agreement or the Assignment and Assumption pursuant to which it
became a Lender, or such other office of such Lender as such Lender may from time to time
specify to the Borrower and the Administrative Agent.

     “EBITDA” means, for any period, net income (or net loss) of the Parent and its
Subsidiaries, on a Consolidated basis plus the sum of (a) interest expense, (b) income tax
expense, (c) depreciation expense, (d) amortization expense, (e) extraordinary losses, (f)
exceptional losses, and (g) all non-cash charges exclusive of any non-cash charge to the
extent it represents a reserve for cash expenditures in any future period, minus (x)
extraordinary gains and (y) exceptional gains, in each case determined in accordance with
Applicable Accounting Standards for such period, and (z) all non-cash gains exclusive of
gains for which the Parent expects cash proceeds in a future period; provided, that, for
purposes of calculating EBITDA for the Parent and its Subsidiaries for any period, the
EBITDA of any Person (or assets or division of such Person) acquired by the Parent or any of
its Subsidiaries during such period shall be included on a pro forma basis for such period
(assuming the consummation of such acquisition occurred on the first day of such period).

     “Effective Date” has the meaning specified in Section 3.01.

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an
Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the
Administrative Agent and the Swing Line Lender, and (ii) unless an Event of Default has
occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld
or delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not
include the Parent, the Borrower or any of the Parent’s Affiliates or Subsidiaries; and
provided further, however, that an Eligible Assignee shall include only a Lender, an
Affiliate of a Lender or another Person, which, through its lending offices, is capable of
lending Sterling to the Borrower without the imposition of any additional Indemnified Taxes

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

7

 

     “Equivalent” in Dollars of Sterling on any date means the equivalent in Dollars
of Sterling determined by using the quoted spot rate at which Bank of America’s principal
office in London offers to exchange Dollars for Sterling in London at 11:00 A.M. (London
time) two Business Days prior to such date, and the “Equivalent” in Sterling of
Dollars means the equivalent in Sterling of Dollars determined by using the quoted spot rate
at which Bank of America’s principal office in London offers to exchange Sterling for
Dollars in London at 11:00 A.M. (London time) two Business Days prior to such date.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the regulations promulgated and rulings issued thereunder.

     “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a
member of any Loan Party’s controlled group, or under common control with any Loan Party,
within the meaning of Section 414 (b) or (c) of the Internal Revenue Code or, for purposes
of Sections 412(c)(ii) and 412(u) of the Internal Revenue Code, under Section 414(m) or (o)
of the Internal Revenue Code.

     “ERISA Event” means (a) (i) the occurrence of a reportable event, within the
meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day notice
requirement with respect to such event has been waived by the PBGC, or (ii) at the time when
the requirements of subsection (1) of Section 4043(b) of ERISA (without regard to subsection
(2) of such Section) are applicable to any Loan Party or any ERISA Affiliate an event
described in paragraph (9), (10), (11), (12) or (13) of Section 4043(c) of ERISA is
reasonably expected to occur with respect to a Plan within the following 30 days; (b) the
filing by any Loan Party or any ERISA Affiliate of an application for a minimum funding
waiver with respect to a Plan; (c) the provision by the administrator of any Plan of a
notice of intent to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including
any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA);
(d) the cessation of operations at a facility of any Loan Party or any ERISA Affiliate in
the circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by any Loan
Party or any ERISA Affiliate from a Multiple Employer Plan during a plan year for which it
was a substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions
for the imposition of a lien under Section 302(f) of ERISA on the assets of any Loan Party
or any ERISA Affiliate shall have been met with respect to any Plan; (g) the adoption of an
amendment to a Plan requiring any Loan Party or any ERISA Affiliate to provide security to
such Plan pursuant to Section 307 of ERISA; or (h) the institution by the PBGC of
proceedings to terminate a Plan pursuant to Section 4042 of ERISA, or the occurrence of any
event or condition described in Section 4042 of ERISA that constitutes grounds for the
termination of, or the appointment of a trustee to administer, a Plan, provided, however,
that the event or condition set forth in Section 4042(a)(4) of ERISA shall be an ERISA Event
only if the PBGC has notified any Loan Party or any ERISA Affiliate that it has made a
determination under such section or that it is considering termination of a Plan on such
grounds.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended.

8

 

     “Eurocurrency Base Rate” has the meaning specified in the definition of
Eurocurrency Rate.

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

     “Eurocurrency Rate” means for any Interest Period with respect to a
Eurocurrency Rate Advance, a rate per annum determined by the Administrative Agent pursuant
to the following formula:

	 	 	 	 	 	 	 
	 

	 	 	 	Eurocurrency Base Rate
	 	 
	 

	 	 	 	 	 	 
	Eurocurrency Rate

	 	=
	 	1.00 – Eurocurrency Reserve	 	 
	 

	 	 	 	Percentage	 	 

Where,

     “Eurocurrency Base Rate” means, for such Interest Period:

     (a) the rate per annum equal to the British Banker’s Association LIBOR Rate
(“BBA LIBOR”), as published by Reuters (or other commercially available
source providing quotations of BBA LIBOR as designated by the Administrative Agent
from time to time) as approximately 11:00 A.M. (London time), two Business Days
prior to the commencement of such Interest Period, for deposits in the relevant
currency (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period.

     (b) If such rate referenced in the preceding clause (a) is not available at
such time for any reason, then the “Eurocurrency Base Rate” for such Interest Period
shall be the rate per annum determined by the Administrative Agent to be the rate at
which deposits in the relevant currency for delivery on the first day of such
Interest Period in Same Day Funds in the approximate amount of the Eurocurrency Rate
Advance being made, continued or converted by Bank of America and with a term
equivalent to such Interest Period would be offered by Bank of America’s London
Branch (or other Bank of America branch or Affiliate) to major banks in the London
or other offshore interbank market for such currency at their request at
approximately 11:00 A.M. (London time) two Business Days prior to the commencement
of such Interest Period.

     “Eurocurrency Reserve Percentage” means, for any day during any
Interest Period, the reserve percentage (expressed as a decimal, carried out to five
decimal places) in effect on such day under regulations issued from time to time by
the Board of Governors of the Federal Reserve System (or any successor) for
determining the maximum reserve requirement (including any emergency,

9

 

supplemental or other marginal reserve requirement) with respect to
Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The
Eurocurrency Rate for each outstanding Eurocurrency Rate Advance shall be adjusted
automatically as of the effective date of any change in the Eurocurrency Reserve
Percentage.

     “Eurocurrency Rate Advance” means an Advance that bears interest as provided in
Section 2.07(a)(ii).

     “Events of Default” has the meaning specified in Section 6.01.

     “Existing Debt” means the Debt of the Parent and its Subsidiaries outstanding
as of March 31, 2005, as listed on Schedule 4.01(v).

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

     “Fee Letter” means the letter agreement, dated February 2, 2005, among the
Borrower, the Administrative Agent and Banc of America Securities LLC (“BAS”).

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

     “Guarantors” means Parent, INVESCO Institutional (N.A.) Inc., a Delaware
corporation, INVESCO North American Holdings, Inc., a Delaware corporation, AIM Management
Group Inc., a Delaware corporation, AIM Advisors, Inc., a Delaware corporation and upon the
execution and delivery of an Assumption of Guaranty (as defined in the Subsidiary Guaranty)
pursuant to Section 5.01(h) or otherwise by any other Subsidiary of the Parent, such
other Subsidiary.

     “Guaranty” means each of the Parent Guaranty and the Subsidiary Guaranty.

     “Hedge Agreements” means interest rate swap, cap or collar agreements, interest
rate future or option contracts, currency swap agreements, currency future or option
contracts and other similar agreements.

     “Initial Lenders” has the meaning specified in the recital of parties to this
Agreement.

10

 

     “Insufficiency” means, with respect to any Plan, the amount, if any, of its
unfunded benefit liabilities, as defined in Section 4001(a)(18) of ERISA.

     “Interest Period” means, for each Eurocurrency Rate Advance comprising part of
the same Borrowing, the period commencing on the date of such Eurocurrency Rate Advance or
the date of the Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and
ending on the last day of the period selected by the Borrower pursuant to the provisions
below and, thereafter, with respect to Eurocurrency Rate Advances, each subsequent period
commencing on the last day of the immediately preceding Interest Period and ending on the
last day of the period selected by the Borrower pursuant to the provisions below. The
duration of each such Interest Period for each Eurocurrency Rate Advance shall be one, two,
three or six months, as the Borrower may, upon notice received by the Administrative Agent
not later than 11:00 A.M. (New York City time) on the third Business Day prior to the first
day of such Interest Period, select; provided, however, that:

     (i) the Borrower may not select any Interest Period that ends after the
Termination Date;

     (ii) Interest Periods commencing on the same date for Eurocurrency Rate
Advances comprising part of the same Borrowing shall be of the same duration;

     (iii) whenever the last day of any Interest Period would otherwise occur on a
day other than a Business Day, the last day of such Interest Period shall be
extended to occur on the next succeeding Business Day, provided, however, that, if
such extension would cause the last day of such Interest Period to occur in the next
following calendar month, the last day of such Interest Period shall occur on the
next preceding Business Day; and

     (iv) whenever the first day of any Interest Period occurs on a day of an
initial calendar month for which there is no numerically corresponding day in the
calendar month that succeeds such initial calendar month by the number of months
equal to the number of months in such Interest Period, such Interest Period shall
end on the last Business Day of such succeeding calendar month.

     “Internal Control Event” means, (i) a material weakness in internal control
over financial reporting, as that term is defined in Rule 13a-15(f) of the Exchange Act, of
the Parent and its Subsidiaries, or (ii) material fraud that involves members of the senior
management of the Parent or any Subsidiary.

     “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended
from time to time, and the regulations promulgated and rulings issued thereunder.

     “International Financial Reporting Standards” means the accounting standards
and principles issued or published by the International Accounting Standards Board and
interpreted by the International Financial Reporting Interpretations Committee and

11

 

applicable in the circumstances as of the date of a report, as such principles are
supplemented, amended or modified from time to time.

     “Investment” in any Person means any purchase or other acquisition of any
capital stock, warrants, rights, options, obligations or other securities or all or
substantially all of the assets of such Person, any capital contribution to such Person or
any other investment in such Person (other than a loan or advance), including, without
limitation, any arrangement pursuant to which the investor incurs Debt of the types referred
to in clauses (h) and (i) of the definition of “Debt” in respect of such Person.

     “Lenders” means the Initial Lenders, each Assuming Lender and each Person that
shall become a party hereto pursuant to Section 8.06.

     “Lien” means any lien, security interest or other charge or encumbrance of any
kind, including, without limitation, the lien or retained security title of a conditional
vendor and any easement, right of way or other encumbrance on title to real property.

     “Loan Documents” means this Agreement, the Notes and each Guaranty.

     “Loan Parties” means the Borrower and each Guarantor (each a “Loan
Party”).

     “Mandatory Costs” means with respect to any period, the percentage rate per
annum determined in accordance with Schedule 1.01.

     “Material Adverse Change” means any material adverse change in the business,
condition (financial or otherwise), operations, performance or properties of the Parent and
its Subsidiaries taken as a whole (or where the context requires for time periods prior to
the Effective Date, the Borrower and its Subsidiaries taken as a whole).

     “Material Adverse Effect” means a material adverse effect on (a) the business,
condition (financial or otherwise), operations, performance or properties of the Parent and
its Subsidiaries taken as a whole, (b) the rights and remedies of the Administrative Agent
or any Lender under this Agreement or any Note or (c) the ability of the Borrower to perform
its obligations under this Agreement or any Note.

     “Material Subsidiary” means each Subsidiary of the Parent to which as of the
end of any fiscal year of the Parent is attributed twenty percent or more of the
Consolidated operating income of the Parent and its Subsidiaries taken as a whole,
determined by reference to the most recent annual audited financial statements delivered by
the Parent, or with respect to the fiscal year ended December 31, 2006, the Borrower, to the
Lenders pursuant to Section 5.01(j) or, in the case of any Subsidiary of the Parent
that is acquired or is merged with or into any other Subsidiary of the Parent, determined by
reference to the pro forma financial statements of the Parent and its Subsidiaries prepared
in accordance with Applicable Accounting Standards as of the most recent fiscal year end of
the Parent, or with respect to the fiscal year ended December 31, 2006, the Borrower, giving
effect to such acquisition or merger as if such transaction had been consummated as of the
last day of such fiscal year.

12

 

     “Multiemployer Plan” means a multiemployer plan, as defined in Section
4001(a)(3) of ERISA, to which any Loan Party or any ERISA Affiliate is making or accruing an
obligation to make contributions, or has within any of the preceding five plan years made or
accrued an obligation to make contributions.

     “Multiple Employer Plan” means a single employer plan, as defined in Section
4001(a)(15) of ERISA, that is maintained for current or former employees of any Loan Party
or any ERISA Affiliate and at least one Person other than such Loan Party and the ERISA
Affiliates.

     “Note” means a promissory note, or as requested by any Lender, an amended and
restated promissory note, of the Borrower payable to the order of any Lender, in
substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness of
the Borrower to such Lender resulting from the Advances made by such Lender, as it may be
amended, restated or modified from time to time, or any substitute therefor or replacement
thereof.

     “Notice of Borrowing” has the meaning specified in Section 2.02(a).

     “Office Equipment Sale and Leaseback” means a sale and leaseback transaction
pursuant to which Invesco Group Services, Inc. will sell the office equipment for its
Atlanta, Georgia headquarters facility to the Development Authority of Fulton County for an
aggregate price not to exceed $20,000,000 and then lease back such office equipment from the
Development Authority of Fulton County.

     “Office Equipment Sale and Leaseback Bonds” means those certain industrial
revenue bonds issued by the Development Authority of Fulton County for the purpose of
financing the purchase by the Development Authority of Fulton County of that certain office
equipment the subject matter of the Office Equipment Sale and Leaseback.

     “Office Equipment Sale and Leaseback Lease” the lease by Invesco Group
Services, Inc. of that certain office equipment subject to the Office Equipment Sale and
Leaseback from the Development Authority of Fulton County.

     “Overnight Rate” means, for any day, (a) with respect to any amount denominated
in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined
by the Administrative Agent or the Swing Line Lender, as the case may be, in accordance with
banking industry rules on interbank compensation, and (b) with respect to any amount
denominated in Sterling, the rate of interest per annum at which overnight deposits in
Sterling, in an amount approximately equal to the amount with respect to which such rate is
being determined, would be offered for such day by a branch or Affiliate of Bank of America
in the applicable offshore interbank market for such currency to major banks in such
interbank market.

     “Parent” has the meaning specified in the recital of parties to this Agreement.

     “Parent Guaranty” means that certain Guaranty dated as of the date hereof
executed and delivered by the Parent in favor of the Administrative Agent in substantially

13

 

the form of Exhibit E-2, as amended, supplemented or otherwise modified from
time to time.

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

     “Performance Level” means, as of any date of determination, the level set forth
below as then applicable:

	 	I	 	Debt/EBITDA Ratio is less than or equal to 1.25:1.00.
	 
	 	II	 	Debt/EBITDA Ratio is greater than 1.25:1.00 but less than or
equal to 1.75:1.00.
	 
	 	III	 	Debt/EBITDA Ratio is greater than 1.75:1.00 but less than or
equal to 2.25:1.00.
	 
	 	IV	 	Debt/EBITDA Ratio is greater than 2.25:1.00 but less than or
equal to 2.75:1.00.
	 
	 	V	 	Debt/EBITDA Ratio is greater than 2.75:1.00.

     “Permitted Liens” means such of the following as to which no enforcement,
collection, execution, levy or foreclosure proceeding shall have been commenced except as
otherwise provided: (a) Liens for taxes, assessments or other governmental charges being
contested in good faith by appropriate proceedings promptly initiated and diligently
conducted and for which such reserves or other appropriate provision, if any, as shall be
required by Applicable Accounting Standards or, if otherwise applicable, generally accepted
accounting principles, shall have been made and maintained in accordance with Applicable
Accounting Standards or, if otherwise applicable, generally accepted accounting principles,
and past practices of the Parent and its Subsidiaries therefor and as to which any
enforcement, collection, execution, levy or foreclosure proceeding which shall commence or
have commenced could not reasonably be expected to result in a Material Adverse Effect; (b)
statutory Liens of landlords and Liens of carriers, warehousemen, mechanics and materialmen
incurred in the ordinary course of business for sums not yet due or being contested in good
faith by appropriate proceedings promptly initiated and diligently conducted and for which
such reserves or other appropriate provision, if any, as shall be required by Applicable
Accounting Standards or, if otherwise applicable, generally accepted accounting principles,
shall have been made therefor and as to which any enforcement, collection, execution, levy
or foreclosure proceeding which shall commence or have commenced could not reasonably be
expected to result in a Material Adverse Effect; (c) Liens (other than any Lien imposed by
ERISA) incurred or deposits made in the ordinary course of business (i) in connection with
workers’ compensation, unemployment insurance and other types of social security or (ii) to
secure (or to obtain letters of credit that secure) the performance of tenders, statutory
obligations, surety and appeal bonds, bids, leases, performance bonds, purchase,
construction or sales contracts and other similar obligations, in each case not incurred or
made in connection with the borrowing of money, the obtaining of advances or credit or the
payment of the deferred purchase price of property; (d) any Liens securing

14

 

attachments or judgments unless the judgment it secures results or has resulted in an
Event of Default under Section 6.01(f); and (e) leases or subleases granted to
others, easements, rights of way and other encumbrances on title to real property that, in
the case of any property material to the operation of the business of the Parent and its
Subsidiaries taken as a whole, do not render title to the property encumbered thereby
unmarketable or materially adversely affect the use of such property for its present
purposes.

     “Person” means an individual, partnership, corporation (including a business
trust), joint stock company, trust, unincorporated association, joint venture, limited
liability company or other entity, or a government or any political subdivision or agency
thereof.

     “Plan” means a Single Employer Plan or a Multiple Employer Plan.

     “Pro Rata Share” of any amount means, with respect to any Lender at any time,
the product of such amount times a fraction the numerator of which is the amount of such
Lender’s Commitment at such time and the denominator of which is the Total Commitment at
such time.

     “Register” has the meaning specified in Section 8.07(d).

     “Relevant Taxing Authority” means the taxing authority with which the
applicable Treaty Form is required to be filed, in the country of residence of a Lender.

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

     “Required Lenders” means at any time Lenders owed greater than 50% of the then
aggregate unpaid principal amount of the Advances owing to Lenders, including participations
in all Swing Line Loans then outstanding, or, if no such principal amount is then
outstanding, Lenders holding greater than 50% of the Commitments provided that the portion
of the aggregate unpaid principal amount of the Advances owing to or deemed held by, and the
Commitment of, any Defaulting Lender shall be excluded for purposes of making a
determination of Required Lenders.

     “Restricted Subsidiary” means the Borrower and each Subsidiary of the Parent
that (a) is a Guarantor or a Subsidiary of a Subsidiary Guarantor or (b) is subject to any
agreement described in Section 5.02(i)(i), (ii) or (iii), provided
that such Subsidiary shall be a Restricted Subsidiary under this clause (b) only so long as
such agreement is in effect.

     “Same Day Funds” means (a) with respect to disbursements and payments in
Dollars, immediately available funds, and (b) with respect to disbursements and payments in
Sterling, same day or other funds as may be determined by the Administrative Agent, as the
case may be, to be customary in the place of disbursement or payment for the settlement of
international banking transactions in Sterling.

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

     “Securities Laws” means the Securities Act, the Exchange Act, Sarbanes-Oxley
and the applicable accounting and auditing principles, rules, standards and practices
promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight
Board, as each of the foregoing may be amended and in effect on any applicable date
hereunder.

     “Securities Act” means the Securities Act of 1933, as amended.

     “Significant Subsidiary” means each Subsidiary of the Parent, including the
Borrower, that (a) is organized under the laws of the United States or any political
subdivision thereof or (b) is an operating Subsidiary of the Parent or a Subsidiary of the
Parent that directly or indirectly owns an operating Subsidiary of the Parent.

     “Single Employer Plan” means a single employer plan, as defined in Section
4001(a)(15) of ERISA, that is maintained for employees of any Loan Party or any ERISA
Affiliate and no Person other than any Loan Party and the ERISA Affiliates.

     “Solvent” and “Solvency” mean, with respect to any Person on a
particular date, that on such date (a) the fair value of the property of such Person is
greater than the total amount of liabilities, including, without limitation, contingent
liabilities, of such Person, (b) the present fair salable value of the assets of such Person
is not less than the amount that will be required to pay the probable liability of such
Person on its debts as they become absolute and matured, (c) such Person does not intend to,
and does not believe that it will, incur debts or liabilities beyond such Person’s ability
to pay such debts and liabilities as they mature and (d) such Person is not engaged in
business or a transaction, and is not about to engage in business or a transaction, for
which such Person’s property would constitute an unreasonably small capital. The amount of
contingent liabilities at any time shall be computed as the amount that, in the 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.

     “Special Purpose Subsidiary” means a Subsidiary created or acquired, and wholly
owned, directly or indirectly, by the Parent whose primary business is investing in real
estate properties or other investment assets, the acquisition of which properties or assets
are financed in whole, or in part, with Subsidiary Non-Recourse Debt, and whose primary
assets consist of such real estate properties and other investment assets.

     “Sterling” means lawful money of the United Kingdom of Great Britain and
Northern Ireland.

     “Subsidiary” of any Person means any corporation, limited liability company,
partnership, joint venture, trust or estate of which (or in which) more than 50% of (a) in
the case of a corporation, the issued and outstanding capital stock having ordinary voting
power to elect a majority of the Board of Directors of such corporation (irrespective of
whether at the time capital stock of any other class or classes of such corporation shall or
might have voting power upon the occurrence of any contingency), (b) in the case of a

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limited liability company, partnership or joint venture, the interest in the capital or
profits of such limited liability company, partnership or joint venture or (c) in the case
of a trust or estate, the beneficial interest in such trust or estate, in each instance
above is at the time directly or indirectly owned or controlled by such Person, by such
Person and one or more of its other Subsidiaries or by one or more of such Person’s other
Subsidiaries.

     “Subsidiary Guarantor” means each Guarantor other than the Parent.

     “Subsidiary Guaranty” means that certain Guaranty dated as of March 31, 2005
executed and delivered by each Subsidiary Guarantor in favor of the Administrative Agent in
substantially the form of Exhibit E-1, as amended, supplemented or otherwise
modified from time to time.

     “Subsidiary Non-Recourse Debt” means with respect to all Special Purpose
Subsidiaries of the Parent, Debt incurred by such Special Purpose Subsidiaries up to an
aggregate principal amount for all such Special Purpose Subsidiaries at any time outstanding
not to exceed $500,000,000, (i) the proceeds of which are used to finance the acquisition of
real estate properties and other investment assets by such Special Purpose Subsidiary, (ii)
that is not Guaranteed by either the Borrower nor any Guarantor, and (iii) where recourse
for repayment of such Debt is contractually limited to such Special Purpose Subsidiary and
the specific real estate properties or other investment assets of such Special Purpose
Subsidiary financed with the proceeds thereof.

     “Swing Line” means the revolving credit facility made available by the Swing
Line Lender pursuant to Section 2.03.

     “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to
Section 2.03.

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

     “Swing Line Loan” has the meaning specified in Section 2.03(a).

     “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.03(b), which, if in writing, shall be substantially in the form of
Exhibit B-2.

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $50,000,000
and (b) the Total Commitments. The Swing Line Sublimit is part of, and not in addition to,
the Total Commitment.

     “Termination Date” means the earlier of March 31, 2010, and the date of
termination in whole of the Commitments pursuant to Section 2.05 or 6.01.

     “Total Commitment” means, at any time, the aggregate amount of the Lenders’
Commitments at such time.

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     “Treaty Form” means a form of claim for the benefits of an income tax treaty
between the United Kingdom and the country of residence of a Lender or the Administrative
Agent, as is specified from time to time by the Financial Intermediaries and Claims Office
(International) of the Board of Inland Revenue for the United Kingdom.

     “Type” has the meaning therefor in the definition of Advance.

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

     “Voting Stock” means capital stock issued by a corporation, or equivalent
interests in any other Person, the holders of which are ordinarily, in the absence of
contingencies, entitled to vote for the election of directors (or persons performing similar
functions) of such Person, even if the right so to vote has been suspended by the happening
of such a contingency.

     “Withdrawal Liability” has the meaning specified in Part I of Subtitle E of
Title IV of ERISA.

     Section 1.03 Computation of Time Periods. In this Agreement in the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and
including” and the words “to” and “until” each mean “to but excluding”.

     Section 1.04 Accounting Terms. All accounting terms not specifically defined herein
shall be construed in accordance with Applicable Accounting Standards as in effect for the relevant
period of time or measurement.

ARTICLE II

AMOUNTS AND TERMS OF THE ADVANCES

     Section 2.01 The Advances. Each Lender severally agrees, on the terms and conditions
hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day
during the period from the Effective Date until the Termination Date in an aggregate principal
amount (based in respect of any Advance denominated in Sterling on the Equivalent in Dollars), not
to exceed at any time outstanding the amount of such Lender’s Commitment less such Lender’s Pro
Rata Share of the aggregate outstanding principal amount of all Swing Line Loans. Each Borrowing
shall be in an aggregate amount of $5,000,000 (or the Equivalent thereof in Sterling) or an
integral multiple of $1,000,000 (or the Equivalent thereof in Sterling) in excess thereof and shall
consist of Advances of the same Type made on the same day by the Lenders ratably according to their
respective Commitments. Within the limits of each Lender’s Commitment, the Borrower may borrow
under this Section 2.01, prepay pursuant to Section 2.10 and reborrow under this
Section 2.01.

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     Section 2.02 Making the Advances. (a) Each Borrowing shall be made on notice, given
not later than (x) 11:00 A.M. (New York City time) on the third Business Day prior to the date of
the proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances
denominated in Dollars, (y) 11:00 A.M. (New York City time) on the fifth Business Day prior to the
date of the proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances
denominated in Sterling, or (z) 9:00 A.M. (New York City time) on the date of the proposed
Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the
Administrative Agent, which shall give to each Lender prompt notice thereof. Each such notice of a
Borrowing (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in
writing, and signed by a duly authorized officer of the Borrower in substantially the form of
Exhibit B-1 hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type
of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the
case of a Borrowing consisting of Eurocurrency Rate Advances, the initial Interest Period and
whether such Advance shall be in Dollars or in Sterling. Each Lender shall, before 11:00 A.M. (New
York City time) on the date of such Borrowing, make available for the account of its Applicable
Lending Office to the Administrative Agent at the applicable Administrative Agent’s Account, in
Same Day Funds, such Lender’s Pro Rata Share of such Borrowing. After the Administrative Agent’s
receipt of such funds and upon fulfillment of the applicable conditions set forth in Article
III, the Administrative Agent will make such funds available to the Borrower at the
Administrative Agent’s address referred to in Section 8.02.

     (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrower may not
select Eurocurrency Rate Advances for any Borrowing if the aggregate amount of such Borrowing is
less than $5,000,000 (or the Equivalent thereof in Sterling) or if the obligation of the Lenders to
make Eurocurrency Rate Advances shall then be suspended pursuant to Section 2.08 or
2.12 and (ii) the Eurocurrency Rate Advances may not be outstanding as part of more than
ten separate Borrowings.

     (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower. In the case of
any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurocurrency
Rate Advances, the Borrower shall indemnify each Lender against any loss, cost or expense incurred
by such Lender as a result of any failure to fulfill on or before the date specified in such Notice
of Borrowing for such Borrowing the applicable conditions set forth in Article III,
including, without limitation, any loss (excluding loss of anticipated profits), cost or expense
incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such
Lender to fund the Advance to be made by such Lender as part of such Borrowing when such Advance,
as a result of such failure, is not made on such date.

     (d) Unless the Administrative Agent shall have received notice from a Lender prior to the time
of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
Pro Rata Share of such Borrowing, the Administrative Agent may assume that such Lender has made
such amount available to the Administrative Agent on the date of such Borrowing in accordance with
subsection (a) of this Section 2.02 and the Administrative Agent may, in reliance upon such
assumption, make available to the Borrower on such date a corresponding amount. If and to the
extent that such Lender shall not have so made such amount available to the Administrative Agent,
such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on
demand such corresponding amount together with interest

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thereon, for each day from the date such amount is made available to the Borrower until the
date such amount is repaid to the Administrative Agent, at (i) in the case of the Borrower, the
interest rate applicable at the time to Advances comprising such Borrowing and (ii) in the case of
such Lender, the Overnight Rate. If such Lender shall repay to the Administrative Agent such
corresponding amount, such amount so repaid shall constitute such Lender’s Advance as part of such
Borrowing for purposes of this Agreement.

     (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing
shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the
date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to
make the Advance to be made by such other Lender on the date of any Borrowing.

     Section 2.03 Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing
Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section 2.03, to make Advances (each such Advance, a “Swing Line Loan”) to the
Borrower from time to time on any Business Day during the period from the Effective Date to the
Termination Date in an aggregate amount not to exceed at any time outstanding the amount of the
Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the
Pro Rata Share of the aggregate outstanding principal amount of Advances of the Swing Line Lender,
may exceed the amount of such Lender’s Commitment; provided, however, that after giving effect to
any Swing Line Loan, (i) the aggregate outstanding principal amount of all Advances and all Swing
Line Loans shall not exceed the Total Commitment, and (ii) the aggregate outstanding principal
amount of the Advances of any Lender plus such Lender’s Pro Rata Share of the aggregate
outstanding principal amount of all Swing Line Loans shall not exceed such Lender’s Commitment, and
provided, further, that the Borrower shall not use the proceeds of any Swing Line Loan to refinance
any outstanding Swing Line Loan. Within the foregoing limits, and subject to the other terms and
conditions hereof, the Borrower may borrow under this Section 2.03, prepay under
Section 2.10, and reborrow under this Section 2.03. Each Swing Line Loan shall be
in Dollars. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and
hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk
participation in such Swing Line Loan in an amount equal to the product of such Lender’s Pro Rata
Share times the amount of such Swing Line Loan.

     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Borrower’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 1:00 P.M. (New York City time) on the requested borrowing date, and shall specify
(i) the amount to be borrowed, which shall be a minimum of $1,000,000, and (ii) the requested
borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed
promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing Line
Loan Notice, appropriately completed and signed by a duly authorized officer of the Borrower.
Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing
Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has also received such Swing

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Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by
telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice
(by telephone or in writing) from the Administrative Agent (including at the request of any Lender)
prior to 2:00 P.M. (New York City time) on the date of the proposed Swing Line Borrowing (A)
directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set
forth in the first proviso to the first sentence of Section 2.03(a), or (B) that one or
more of the applicable conditions specified in Section 3.02 is not then satisfied, then,
subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 P.M.
(New York City time) on the borrowing date specified in such Swing Line Loan Notice, make the
amount of its Swing Line Loan available to the Borrower in Same Day Funds.

(c) Refinancing of Swing Line Loans.

     (i) The Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so
request on its behalf), that each Lender make a Base Rate Advance in an amount equal to such
Lender’s Pro Rata Share of the amount of Swing Line Loans then outstanding. Such request
shall be made in writing (which written request shall be deemed to be a Notice of Borrowing
for purposes hereof) and in accordance with the requirements of Section 2.02,
without regard to the minimum and multiples specified in Section 2.01 for the
principal amount of Base Rate Advances, but subject to the unutilized portion of the Total
Commitments and the conditions set forth in Section 3.02. The Swing Line Lender
shall furnish the Borrower with a copy of the applicable Notice of Borrowing promptly after
delivering such notice to the Administrative Agent. Each Lender shall make an amount equal
to its Pro Rata Share of the amount specified in such Notice of Borrowing available to the
Administrative Agent in immediately available funds for the account of the Swing Line Lender
at the Administrative Agent’s office not later than 1:00 P.M. (New York City time) on the
day specified in such Notice of Borrowing, whereupon, subject to Section
2.03(c)(ii), each Lender that so makes funds available shall be deemed to have made a
Base Rate Advance to the Borrower in such amount. The Administrative Agent shall remit the
funds so received to the Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by such an Advance in
accordance with Section 2.03(c)(i), the request for Base Rate Advances submitted by
the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line
Lender that each of the Lenders fund its risk participation in the relevant Swing Line Loan
and each Lender’s payment to the Administrative Agent for the account of the Swing Line
Lender pursuant to Section 2.03(c)(i) shall be deemed payment in respect of such
participation.

     (iii) If any Lender fails to make available to the Administrative Agent for the account
of the Swing Line Lender any amount required to be paid by such Lender pursuant to the
foregoing provisions of this Section 2.03(c) by the time specified in Section
2.03(c)(i), the Swing Line Lender shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment is required to the date on which such payment

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

     (iv) Each Lender’s obligation to make Advances or to purchase and fund risk
participations in Swing Line Loans pursuant to this Section 2.03(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against
the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each Lender’s
obligation to make Advances pursuant to this Section 2.03(c) is subject to the
conditions set forth in Section 3.02. No such funding of risk participations shall
relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans,
together with interest as provided herein.

(d) Repayment of Participations.

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

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

     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the Borrower for interest on the Swing Line Loans. Until a Lender funds
its Base Rate Advance or risk participation pursuant to this Section 2.03 to refinance such
Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be
solely for the account of the Swing Line Lender, and after such Lender funds its Base Rate Advance
or risk participation pursuant to this Section 2.03 to refinance such Lender’s Pro Rata
Share of any Swing Line Loan, such interest shall be for the account of such Lender.

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

     Section 2.04 Fees.

     (a) Facility Fee. The Borrower agrees to pay to the Administrative Agent for the
account of each Lender a facility fee on the aggregate amount of such Lender’s Commitment from the
Effective Date in the case of each Initial Lender and from the effective date specified in the
Assumption Agreement or the Assignment and Assumption pursuant to which it became a Lender in the
case of each other Lender until the Termination Date at a rate per annum equal to the Applicable
Percentage in effect from time to time, payable in arrears quarterly on the last day of each March,
June, September and December (each, a “Facility Fee Payment Date”), commencing with the
Facility Fee Payment Date first occurring after the Effective Date, and on the Termination Date.

     (b) Agent’s Fees. The Borrower shall pay to the Administrative Agent for its own
account such fees as may from time to time be agreed between the Borrower and the Administrative
Agent, including without limitation in the Fee Letter.

     Section 2.05 Termination, Reduction or Increase of the Commitments.

     (a) Termination or Reduction. The Borrower shall have the right, upon at least three
Business Days’ notice to the Administrative Agent, to terminate in whole or permanently reduce
ratably in part the unused portions of the respective Commitments of the Lenders, provided that
each partial reduction of the Total Commitment shall be in the aggregate amount of $50,000,000 or
an integral multiple of $1,000,000 in excess thereof.

     (b) Increase in Aggregate of the Commitments. The Borrower may at any time, by notice
to the Administrative Agent, propose that the Total Commitment be increased (such aggregate amount
being, a “Commitment Increase”), effective as at a date prior to the Termination Date (an
“Increase Date”) as to which agreement is to be reached by an earlier date specified in
such notice (a “Commitment Date”); provided, however, that (A) the Borrower may not propose
more than two Commitment Increases in any twelve month period, (B) the minimum proposed Commitment
Increase per notice shall be $50,000,000, (C) in no event shall the Total Commitment at any time
exceed $1,200,000,000, (D) at the time of and after giving effect to such Commitment Increase, the
Debt/EBITDA Ratio is less than or equal to 2.75:1.00, (E) no Default shall have occurred and be
continuing on such Increase Date and (F) an officer’s certificate as to corporate authorization for
such Commitment Increase and other appropriate documentation reasonably requested by the
Administrative Agent, any Increasing Lender (as defined below) or any Assuming Lender are received
by the Administrative Agent. The Administrative Agent shall notify the Lenders thereof promptly
upon its receipt of any such notice. The Administrative Agent agrees that it will cooperate with
the Borrower in discussions with the Lenders and other Eligible Assignees with a view to arranging
the proposed Commitment Increase through the increase of the Commitments of one or more of the
Lenders (each such Lender that is willing to increase its Commitment hereunder being an
“Increasing Lender”) and the addition of one or more other Eligible Assignees as Assuming
Lenders and as parties to this Agreement; provided, however, that it shall be in each Lender’s sole
discretion

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whether to increase its Commitment hereunder in connection with the proposed Commitment
Increase; and provided further that the minimum Commitment of each such Assuming Lender that
becomes a party to this Agreement pursuant to this Section 2.05(b), shall be at least equal
to $25,000,000. If any of the Lenders agree to increase their respective Commitments by an
aggregate amount in excess of the proposed Commitment Increase, the proposed Commitment Increase
shall be allocated among such Lenders as determined at such time by the Borrower. If agreement is
reached on or prior to the applicable Commitment Date with any Increasing Lenders and Assuming
Lenders as to a Commitment Increase (which may be less than but not greater than specified in the
applicable notice from the Borrower), such agreement to be evidenced by a notice in reasonable
detail from the Borrower to the Administrative Agent on or prior to the applicable Commitment Date,
such Assuming Lenders, if any, shall become Lenders hereunder as of the applicable Increase Date,
the Commitments of such Assuming Lenders shall be, as of the Increase Date, the amounts specified
in such notice and the Commitments of each Increasing Lender shall be, as of the Increase Date,
increased by the amounts specified in such notice; provided that:

     (x) the Administrative Agent shall have received (with copies for each Lender,
including each such Assuming Lender) by no later than 10:00 A.M. (New York City
time) on the applicable Increase Date a copy certified by the Secretary, an
Assistant Secretary or a comparable officer of the Borrower, of the resolutions
adopted by the Board of Directors of the Borrower authorizing such Commitment
Increase;

     (y) each such Assuming Lender shall have delivered to the Administrative Agent
by no later than 10:00 A.M. (New York City time) on such Increase Date, an
appropriate Assumption Agreement in substantially the form of Exhibit D
hereto, duly executed by such Assuming Lender and the Borrower; and

     (z) each such Increasing Lender shall have delivered to the Administrative
Agent by no later than 10:00 A.M. (New York City time) on such Increase Date
confirmation in writing satisfactory to the Administrative Agent as to its increased
Commitment.

     (c) In the event that the Administrative Agent shall have received notice from the Borrower as
to its agreement to a Commitment Increase on or prior to the applicable Commitment Date and each of
the actions provided for in clauses (x) through (z) above shall have occurred prior to 10:00 A.M.
(New York City time) on the applicable Increase Date to the satisfaction of the Administrative
Agent, the Administrative Agent shall notify the Lenders (including any Assuming Lenders) and the
Borrower of the occurrence of such Commitment Increase by telephone, confirmed immediately in
writing, and in any event no later than 1:00 P.M. (New York City time) on such Increase Date and
shall record in the Register the relevant information with respect to each Increasing Lender and
Assuming Lender. Each Increasing Lender and each Assuming Lender shall, before 2:00 P.M. (New York
City time) on the applicable Increase Date, make available for the account of its Applicable
Lending Office to the Administrative Agent at the applicable Administrative Agent’s Account, in
Same Day Funds, in the case of such Assuming Lender, an amount equal to such Assuming Lender’s Pro
Rata Share of the Borrowings then outstanding (calculated based on its Commitment as a percentage
of the

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aggregate Commitments outstanding after giving effect to the relevant Commitment Increase)
and, in the case of such Increasing Lender, an amount equal to the excess of (i) such Increasing
Lender’s Pro Rata Share of the Borrowings then outstanding (calculated based on its Commitment as a
percentage of the aggregate Commitments outstanding after giving effect to the relevant Commitment
Increase) over (ii) such Increasing Lender’s Pro Rata Share of the Borrowings then outstanding
(calculated based on its Commitment (without giving effect to the relevant Commitment Increase) as
a percentage of the aggregate Commitments (without giving effect to the relevant Commitment
Increase). After the Administrative Agent’s receipt of such funds from each such Increasing Lender
and each such Assuming Lender, the Administrative Agent will promptly thereafter cause to be
distributed like funds to the other Lenders for the account of their respective Applicable Lending
Offices in an amount to each other Lender such that the aggregate amount of the outstanding
Advances owing to each Lender after giving effect to such distribution equals such Lender’s ratable
portion of the Borrowings then outstanding (calculated based on its Commitment as a percentage of
the aggregate Commitments outstanding after giving effect to the relevant Commitment Increase),
provided that the Borrower will be subject to the payment of other costs, if any, pursuant to
Section 8.04(c) in connection with any such distribution. Within five Business Days after
the Borrower receives notice from the Administrative Agent, the Borrower, at its own expense, shall
execute and deliver to the Administrative Agent Notes payable to the order of each Assuming Lender,
if any, and, each Increasing Lender, dated as of the applicable Increase Date, in a principal
amount equal to such Lender’s Commitment after giving effect to the relevant Commitment Increase,
and substantially in the form of Exhibit A attached hereto. The Administrative Agent, upon
receipt of such Notes, shall promptly deliver such Notes to the respective Assuming Lenders and
Increasing Lenders.

     (d) In the event that the Administrative Agent shall not have received notice from the
Borrower as to such agreement on or prior to the applicable Commitment Date or the Borrower shall,
by notice to the Administrative Agent prior to the applicable Increase Date, withdraw its proposal
for a Commitment Increase or any of the actions provided for above in clauses (b)(i)(x) through
(b)(i)(z) shall not have occurred by 10:00 A.M. (New York City time) on such Increase Date, such
proposal by the Borrower shall be deemed not to have been made. In such event, any actions
theretofore taken under clauses (b)(i)(x) through (b)(i)(z) above shall be deemed to be of no
effect and all the rights and obligations of the parties shall continue as if no such proposal had
been made.

     Section 2.06 Repayment of Advances.

     (a) The Borrower shall repay to the Administrative Agent for the ratable account of the
Lenders on the Termination Date the aggregate principal amount of all Advances then outstanding
together with all accrued and unpaid interest, fees and costs associated therewith. Repayments
made pursuant to this clause (a) shall be in the same currency in which such outstanding Advances
were made.

     (b) The Borrower shall repay each Swing Line Loan together with accrued and unpaid interest
thereon on the earlier to occur of (i) the date twenty-one (21) days after such Swing Line Loan is
made and (ii) the Termination Date.

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     Section 2.07 Interest on Advances.

     (a) Scheduled Interest. The Borrower shall pay interest on the unpaid principal
amount of each Advance owing to each Lender from the date of such Advance until such principal
amount shall be paid in full, at the following rates per annum:

     (i) Base Rate Advances. During such periods as such Advance is a Base Rate
Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from
time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears
quarterly on the last day of each March, June, September and December during such periods
and on the date such Base Rate Advance shall be Converted or paid in full.

     (ii) Eurocurrency Rate Advances. During such periods as such Advance is a
Eurocurrency Rate Advance, a rate per annum equal at all times during each Interest Period
for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such
Advance plus (y) the Applicable Margin in effect from time to time plus (z) in the case of
each Advance in Sterling, the Mandatory Cost, payable in arrears on the last day of such
Interest Period and, if such Interest Period has a duration of more than three months, on
each day that occurs during such Interest Period every three months from the first day of
such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or
paid in full.

     (iii) Swing Line Loans. With respect to each Swing Line Loan, a rate per annum
equal at all times to (i) the sum of (x) the Base Rate in effect from time to time plus (y)
the Applicable Margin for Base Rate Advances in effect from time to time, or (ii) such other
rate from time to time offered by the Swing Line Lender and accepted by the Borrower, in
either event payable in arrears on the date of repayment or refinancing, in whole or in
part, of such Swing Line Loan.

     (b) Default Interest. Upon the occurrence and during the continuance of an Event of
Default, the Borrower shall pay interest on (i) the unpaid principal amount of each Advance owing
to each Lender, payable in arrears on the dates referred to in clause (a)(i) or (a)(ii) above, at a
rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on
such Advance pursuant to clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by
law, the amount of any interest, fee or other amount payable hereunder that is not paid when due,
from the date such amount shall be due until such amount shall be paid in full, payable in arrears
on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times
to 2% per annum above the rate per annum required to be paid on Base Rate Advances pursuant to
clause (a)(i) above.

     Section 2.08 Interest Rate Determination.

     (a) The Administrative Agent shall give prompt notice to the Borrower and the Lenders of the
applicable interest rate determined by the Administrative Agent for purposes of Section
2.07(a)(i) or (ii).

     (b) If, with respect to any Eurocurrency Rate Advances, the Required Lenders notify the
Administrative Agent that the Eurocurrency Rate for any Interest Period for such Advances

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will not adequately reflect the cost to such Required Lenders of making, funding or
maintaining their respective Eurocurrency Rate Advances for such Interest Period, the
Administrative Agent shall forthwith so notify the Borrower and the Lenders, whereupon (i) each
Eurocurrency Rate Advance will automatically, on the last day of the then existing Interest Period
therefor, Convert into a Base Rate Advance, and (ii) the obligation of the Lenders to make, or to
Convert Base Rate Advances into, Eurocurrency Rate Advances shall be suspended until the
Administrative Agent shall notify the Borrower and the Lenders that the circumstances causing such
suspension no longer exist.

     (c) If the Borrower shall fail to select the duration of any Interest Period for any
Eurocurrency Rate Advances in accordance with the provisions contained in the definition of
“Interest Period” in Section 1.02, the Administrative Agent will forthwith so notify the
Borrower and the Lenders and such Advances will automatically, on the last day of the then existing
Interest Period for such Eurocurrency Rate Advance, Convert into Base Rate Advances.

     (d) On the date on which the aggregate unpaid principal amount of Eurocurrency Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than
$5,000,000, such Advances shall automatically Convert into Base Rate Advances.

     (e) Upon the occurrence and during the continuance of any Event of Default, (i) each
Eurocurrency Rate Advance will automatically, on the last day of the then existing Interest Period
therefor, Convert into a Base Rate Advance and (ii) the obligation of the Lenders to make, or to
Convert Advances into, Eurocurrency Rate Advances shall be suspended.

     Section 2.09 Optional Conversion of Advances. The Borrower may on any Business Day,
upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the
third Business Day, with respect to Advances in Dollars, or the fifth Business Day, with respect to
Advances in Sterling, prior to the date of the proposed Conversion and subject to the provisions of
Sections 2.08 and 2.12, Convert all Advances of one Type comprising the same
Borrowing into Advances of the other Type; provided, however, that any Conversion of Eurocurrency
Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for
such Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Rate
Advances shall be in an amount not less than the minimum amount specified in Section
2.02(b) and no Conversion of any Advances shall result in more separate Eurocurrency Rate
Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall,
within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances
to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the duration of
the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable
and binding on the Borrower.

     Section 2.10 Prepayments of Advances.

     (a) Optional Prepayments. The Borrower may, upon notice to the Administrative Agent
stating the proposed date and aggregate principal amount of the prepayment, given not later than
11:00 A.M. (New York City time) on the third Business Day, with respect to Advances in Dollars, or
the fifth Business Day, with respect to Advances in Sterling, prior to the date of

27

 

such proposed prepayment, in the case of Eurocurrency Rate Advances, and not later than 11:00
A.M. (New York City time) on the day of such proposed prepayment, in the case of Base Rate
Advances, and if such notice is given the Borrower shall, prepay the outstanding principal amount
of the Advances comprising part of the same Borrowing in whole or ratably in part, together with
accrued interest to the date of such prepayment on the principal amount prepaid, with such
prepayment to be made in the currency in which such Advances were made; provided, however, that (x)
except in the case of prepayments of Swing Line Loans, as described in clause (z) below, each
partial prepayment shall be in an aggregate principal amount of $5,000,000 or the Equivalent
thereof in Sterling or an integral multiple of $1,000,000 or the Equivalent thereof in Sterling in
excess thereof, (y) in the event of any such prepayment of a Eurocurrency Rate Advance, the
Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section
8.04(c) and (z) in the case of a Swing Line Loan, the Borrower may prepay the outstanding
principal amount of such Swing Line Loan, together with accrued interest to the date of such
prepayment on the principal amount prepaid, at any time in minimum increments of $100,000.

     (b) Mandatory Prepayments.

     (i) If at any time the sum of (A) the aggregate principal amount of all Advances
denominated in Dollars then outstanding plus (B) the Equivalent in Dollars of the aggregate
principal amount of all Advances denominated in Sterling then outstanding exceeds the Total
Commitment on such date, the Borrower shall, within two Business Days after receipt of such
notice given pursuant to (ii) below, prepay the outstanding principal amount of any Advances
in an aggregate amount sufficient to reduce such sum to an amount not to exceed the Total
Commitment on such date.

     (ii) Each prepayment made pursuant to this Section 2.10(b) (A) shall be made
together with any interest accrued to the date of such prepayment on the principal amounts
prepaid and, in the case of any prepayment of a Eurocurrency Rate Advance on a date other
than the last day of an Interest Period or at its maturity, any additional amounts which
such Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to
Section 8.04(c), and (B) shall be made in the currency in which the Advances subject
to such prepayment were made. The Administrative Agent shall give prompt notice of any
prepayment required under this Section 2.10(b) to the Borrower and the Lenders.

     (c) Hedging Agreements. All Hedging Agreements, if any, between Borrower and any
Lender or its affiliates are independent agreements governed by the written provisions of such
Hedging Agreements, which will remain in full force and effect, unaffected by any repayment,
prepayment, acceleration, reduction, increase or change in terms of this Agreement or the Notes,
except as otherwise expressly provided in said written swap agreements, and any payoff statements
from the Administrative Agent relating to this Agreement shall not apply to said Hedging
Agreements, except as otherwise expressly provided in such payoff statement.

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     Section 2.11 Increased Costs.

     (a) If, due to either (i) the introduction of or any change in or in the interpretation of any
law or regulation occurring after the date hereof, (ii) the compliance with any guideline or
request from any central bank or other governmental authority (whether or not having the force of
law) issued or made after the date hereof, or (iii) the Mandatory Cost, as calculated hereunder,
not representing the cost to any Lender of complying with the requirements of the Bank of England
and/or the Financial Services Authority or the European Central Bank in relation to its making,
funding or maintaining Eurocurrency Rate Advances, there shall be any increase in the cost to any
Lender of agreeing to make or making, funding or maintaining Eurocurrency Rate Advances (excluding
for purposes of this Section 2.11 any such increased costs resulting from (i) Indemnified
Taxes or Other Taxes (as to which Section 2.14 shall govern) and (ii) changes in taxes
measured by or imposed upon the net income or gross income or franchise taxes, or taxes measured by
or imposed upon capital or net worth, or branch taxes, of such Lender or its Applicable Lending
Office), then the Borrower shall from time to time, within ten days of demand by such Lender (with
a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account
of such Lender additional amounts sufficient to compensate such Lender for such increased cost;
provided that, before making any such demand, each Lender agrees to use reasonable efforts
(consistent with its internal policy and legal and regulatory restrictions) to designate a
different Applicable Lending Office if the making of such a designation would avoid the need for,
or reduce the amount of, such additional cost and would not, in the reasonable judgment of such
Lender, be otherwise disadvantageous to such Lender.

     (b) If any Lender reasonably determines that compliance with any law or regulation or any
guideline or request from any central bank or other governmental authority regarding capital
adequacy (whether or not having the force of law) issued or made after the date hereof affects or
would affect the amount of capital required or expected to be maintained by such Lender or any
corporation controlling such Lender and that the amount of such capital is increased by or based
upon the existence of such Lender’s commitment to lend hereunder and other commitments of this
type, and such Lender reasonably determines that the rate of return on its or such controlling
corporation’s capital as a consequence is reduced to a level below that which such Lender or such
controlling corporation would have achieved but for the occurrence of such conditions, then, within
ten days of demand by such Lender (with a copy of such demand to the Administrative Agent), the
Borrower shall pay to the Administrative Agent for the account of such Lender, from time to time as
specified by such Lender, additional amounts sufficient to compensate such Lender or such
corporation in the light of such circumstances, to the extent that such Lender reasonably
determines such increase in capital to be allocable to the existence of such Lender’s commitment to
lend hereunder.

     (c) If a Lender changes its Applicable Lending Office (other than pursuant to this Section
2.11 or Section 2.12 or 2.14(h)) and the effect of such change, as of the date
of such change, would be to cause the Borrower to become obligated to pay any additional amounts
under this Section 2.11, the Borrower shall not be obligated to pay such additional amount.

     (d) A certificate of a Lender setting forth the amount of any claim made under this
Section 2.11 and identifying with reasonable specificity the basis for calculating such
amount,

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shall be delivered to the Borrower and the Administrative Agent and shall be conclusive absent
manifest error.

     Section 2.12 Illegality; Circumstances Affecting Availability. Notwithstanding any
other provision of this Agreement, if any Lender shall notify the Administrative Agent (who will
promptly notify the Borrower and the other Lenders) that the introduction of or any change in or in
the interpretation of any law or regulation after the date hereof makes it unlawful, or any central
bank or other governmental authority asserts that it is unlawful, for any Lender or its
Eurocurrency Lending Office to perform its obligations hereunder to make Eurocurrency Rate Advances
or to fund or maintain Eurocurrency Rate Advances hereunder, or if the Administrative Agent
determines that by reason of circumstances affecting foreign exchange and interbank markets
generally, the Eurocurrency Rate cannot be determined, then (A) each Eurocurrency Rate Advance will
automatically, upon such demand, Convert into a Base Rate Advance, and (B) the obligation of the
Lenders to make Eurocurrency Rate Advances or to Convert Base Rate Advances into Eurocurrency Rate
Advances shall be suspended until the Administrative Agent shall notify the Borrower and the
Lenders that the circumstances causing such suspension or inability to determine the Eurocurrency
Rate no longer exist or that such Lender has entered into one or more Assignment and Assumptions
pursuant to Section 8.06 assigning its Commitment to one or more Eligible Assignees;
provided that, before making any such demand, each Lender agrees to use reasonable efforts
(consistent with its internal policy and legal and regulatory restrictions) to designate a
different Applicable Lending Office if the making of such a designation would not, in the
reasonable judgment of such Lender, be otherwise disadvantageous to such Lender.

     Section 2.13 Payments Generally and Computations.

     (a) General. All payments hereunder and under the Notes to be made by the Borrower
shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.
The Borrower shall make each payment hereunder and under the Notes not later than 11:00 A.M. (New
York City time) on the day when due in Dollars, in the case of Advances denominated in Dollars, or
in Sterling, in the case of Advances denominated in Sterling, to the Administrative Agent at the
applicable Administrative Agent’s Account in Same Day Funds. The Administrative Agent will
promptly thereafter cause to be distributed like funds relating to the payment of principal or
interest or facility fees ratably (other than amounts payable pursuant to Section 2.11,
2.14 or 8.04(c)) to the Lenders for the account of their respective Applicable
Lending Offices, and like funds relating to the payment of any other amount payable to any Lender
to such Lender for the account of its Applicable Lending Office, in each case to be applied in
accordance with the terms of this Agreement. Upon its acceptance of an Assignment and Assumption
and recording of the information contained therein in the Register pursuant to Section
8.06(c), from and after the effective date specified in such Assignment and Assumption, the
Administrative Agent shall make all payments hereunder and under the Notes in respect of the
interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and
Assumption shall make all appropriate adjustments in such payments for periods prior to such
effective date directly between themselves. Upon any Assuming Lender becoming a Lender hereunder
as a result of a Commitment Increase pursuant to Section 2.05(b) and upon the
Administrative Agent’s receipt of such Lender’s Assumption Agreement and recording the information
contained therein in the Register, from and after the

30

 

applicable Increase Date, the Administrative Agent shall make all payments hereunder and under
the Notes in respect of the interest assumed thereby to such Assuming Lender.

     (b) All computations of interest based on the Base Rate or the Federal Funds Rate shall be
made by the Administrative Agent on the basis of a year of 365 or 366 days, as the case may be, and
all computations of interest based on the Eurocurrency Rate, of interest for Swing Line Loans if
not based on the Base Rate, and of facility fees, shall be made by the Administrative Agent on the
basis of a year of 360 days, in each case for the actual number of days (including the first day
but excluding the last day) occurring in the period for which such interest or facility fees are
payable. Each determination by the Administrative Agent of an interest rate hereunder shall be
conclusive and binding for all purposes, absent manifest error.

     (c) Whenever any payment hereunder or under the Notes shall be stated to be due on a day other
than a Business Day, such payment shall be made on the next succeeding Business Day, and such
extension of time shall in such case be included in the computation of payment of interest or
facility fee, as the case may be; provided, however, that, if such extension would cause payment of
interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar
month, such payment shall be made on the next preceding Business Day.

     (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Lenders 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 the Borrower shall not have so made such payment
in full to the Administrative Agent, each Lender shall repay to the Administrative Agent forthwith
on demand such amount distributed to such Lender together with interest thereon, 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, at the Overnight Rate.

     Section 2.14 Taxes.

     (a) Except as otherwise required by law, any and all payments by the Borrower hereunder or
under the Notes issued hereunder shall be made, in accordance with Section 2.13, free and
clear of and without deduction for any and all present or future taxes, levies, imposts,
deductions, charges or withholdings and all liabilities with respect thereto (all such taxes,
levies, imposts, deductions, charges, withholdings, and liabilities in respect of payments
hereunder or under the Notes being hereafter referred to as “Taxes”), excluding, in the
case of payments made to any Lender or the Administrative Agent (A) Taxes imposed on or measured by
its net income, and franchise Taxes, branch Taxes, Taxes on doing business and Taxes measured by or
imposed upon its capital or net worth, in each case imposed as a result of such Lender (and or such
Lender’s Applicable Lending Office) or the Administrative Agent being organized under the laws of,
or being a legal resident of, or having a fixed place of business or a permanent establishment or
doing business in the jurisdiction imposing such Tax (other than any such connection arising solely
from such Lender (and or such Lender’s Applicable Lending Office) or the Administrative Agent
having executed, delivered or performed its obligations, or having

31

 

received a payment, or having enforced its rights and remedies, under this Agreement or any of
the other Loan Documents), (B) United Kingdom withholding Taxes except to the extent such United
Kingdom withholding Taxes would not have been imposed but for a change, after the date such Lender
or the Administrative Agent (as the case may be) becomes a party hereto, in United Kingdom tax law
or United Kingdom officially published Inland Revenue practice or an amendment or revocation, after
the date such Lender or the Administrative Agent (as the case may be) becomes a party hereto, of an
applicable United Kingdom income tax treaty with Austria, Denmark, Finland, France, Germany,
Ireland, Iceland, Luxembourg, Netherlands, Norway, Sweden, Switzerland or the United States, (C)
United Kingdom Taxes imposed as a result of the failure of the Inland Revenue to approve, on or
before a payment of interest to a Lender hereunder, a claim by such Lender for exemption from such
United Kingdom Taxes, where such failure is due to such Lender’s failure to timely submit a validly
completed and executed Treaty Form within a time sufficient for the Inland Revenue to approve such
Lender’s claim prior to such payment of interest, it being understood that after any such approval
by the Inland Revenue of such Lender’s claim for exemption, such United Kingdom Taxes with respect
to such Lender shall not be excluded from the application of this Section 2.14(a), and (D)
United States withholding Taxes except to the extent such United States withholding Taxes are
imposed solely as a result of (1) a change, after the date such Lender or the Administrative Agent
(as the case may be) becomes a party hereto, in the Internal Revenue Code or any regulations
promulgated thereunder (or in the official interpretation of the Internal Revenue Code or any
regulations promulgated thereunder) or an amendment or revocation or change in official
interpretation, after the date such Lender or the Administrative Agent (as the case may be) becomes
a party hereto, of an applicable United States income tax treaty with Austria, Denmark, Finland,
France, Germany, Ireland, Iceland, Luxembourg, Netherlands, Norway, Sweden or the United Kingdom or
(2) the failure by the Borrower to timely request an updated or successor Form W-8BEN or W-8ECI, as
appropriate, under Section 2.14(e) (all such non-excluded Taxes hereinafter referred to as
“Indemnifiable Taxes”). If the Borrower shall be required by law to deduct any
Indemnifiable Taxes from or in respect of any sum payable hereunder or under any Note issued
hereunder to any Lender or the Administrative Agent or, if the Administrative Agent shall be
required by law to deduct any Indemnifiable Taxes from or in respect of any sum paid or payable
hereunder or under any Note to any Lender, (i) the sum payable shall be increased as may be
necessary so that after making all required deductions for Indemnifiable Taxes (including
deductions for Indemnifiable Taxes, whether by the Borrower or the Administrative Agent, applicable
to additional sums payable under this Section 2.14) such Lender or the Administrative Agent
(as the case may be) receives an amount equal to the sum it would have received had no such
deductions been made, (ii) the Borrower (or, as the case may be and as required by applicable law,
the Administrative Agent) shall make such deductions and (iii) the Borrower (or, as the case may be
and as required by applicable law, the Administrative Agent) shall pay the full amount deducted to
the relevant taxation authority or other authority in accordance with applicable law.

     (b) In addition, the Borrower shall pay any present or future stamp or documentary taxes or
any other excise (other than income) or property taxes, charges or similar levies that arise from
any payment made hereunder or under the Notes or from the execution, delivery or registration of,
or performing under this Agreement or the Notes or any document to be furnished under or in
connection with any thereof or any modification or amendment in respect of this Agreement or the
Notes (hereinafter referred to as “Other Taxes”).

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     (c) The Borrower shall indemnify each Lender and the Administrative Agent for the full amount
of Indemnifiable Taxes or Other Taxes imposed on or paid by such Lender or the Administrative Agent
(as the case may be) and any liability (including penalties, interest and expenses) arising
therefrom or with respect thereto. This indemnification shall be made within 30 days from the date
such Lender or the Administrative Agent (as the case may be) makes written demand therefor.

     (d) Within 30 days after the date of any payment of Indemnifiable Taxes under Section
2.14(a) by the Borrower, the Borrower shall furnish to the Administrative Agent, at its address
referred to in Section 8.02, the original or a certified copy of a receipt evidencing such
payment to the extent such receipt is received by the Borrower, or other written proof of payment
reasonably satisfactory to the Administrative Agent showing payment thereof. In the case of any
payment hereunder or under the Notes issued hereunder by or on behalf of the Borrower through an
account or branch outside the United Kingdom or by or on behalf of the Borrower by a payor that is
not a United Kingdom person, if the Borrower determines that no Indemnifiable Taxes are payable in
respect thereof, the Borrower shall furnish, or shall cause such payor to furnish, to the
Administrative Agent, at such address, an opinion of counsel acceptable to the Administrative Agent
stating that such payment is exempt from Indemnifiable Taxes.

     (e) Each Lender organized under the laws of a jurisdiction outside the United States, on or
prior to the date of its execution and delivery of this Agreement in the case of each Initial
Lender and on the date of the Assumption Agreement or the Assignment and Assumption pursuant to
which it becomes a Lender in the case of each other Lender, and from time to time thereafter as
requested in writing by the Borrower shall provide each of the Administrative Agent and the
Borrower with (i) two original Internal Revenue Service Form W-8BEN or W-8ECI, as appropriate, or
any successor or other from prescribed by the Internal Revenue Service, certifying that such Lender
is exempt from United States withholding tax and (ii) to the extent that any such form or other
certification becomes obsolete with respect to any Lender, such Lender shall, upon the written
request of the Borrower to such Lender and the Administrative Agent, promptly provide either an
updated or successor form or certification to the Borrower and the Administrative Agent unless, in
each case, any change in treaty, law or regulation has occurred after the date such Lender becomes
a party hereunder which renders all such forms inapplicable or which would prevent such Lender from
duly completing and delivering any such form with respect to it and such Lender so advises the
Borrower and the Administrative Agent.

     (f) Each Lender shall (i) as soon as reasonably practicable following the date it becomes a
party hereto, submit to its Relevant Taxing Authority a validly completed Treaty Form (or successor
Treaty Form thereto) claiming exemption from United Kingdom withholding Tax on interest, or (ii)
(A) on or before the date it becomes a party hereto, furnish to the Borrower, with a copy to the
Administrative Agent, a certificate substantially in the form of Exhibit I (a “U.K. Tax
Compliance Certificate”) certifying that such Lender (1) is a Bank within the meaning of
Section 840A of the Income and Corporation Taxes Act of 1988 of the United Kingdom and (2) is
within the charge to corporation tax in the United Kingdom with respect to payment hereunder and
(B) agree, upon reasonable request by the Borrower, to provide to the Borrower and the
Administrative Agent, to the extent it is legally entitled to do so, such other forms as may be
required by law in order to establish the legal entitlement of such Lender to an exemption from
United Kingdom withholding Tax with respect to payments under this

33

 

Agreement and the Notes issued hereunder, unless, in each case, any change in treaty, law or
regulation has occurred after the date such Lender becomes a party hereunder which renders any such
forms inapplicable or which would prevent such Lender from duly completing and delivering any such
form with respect to it and such Lender so advises the Borrower and the Administrative Agent.

     (g) For any period with respect to which a Lender has failed to provide the Borrower with the
appropriate form described in Section 2.14(e) or (f) (other than if the Borrower
has failed to timely request with reasonable notice any appropriate renewal, successor or other
form or if any such form otherwise is not required under subsection (e) or (f)), such Lender shall
not be entitled to indemnification under Section 2.14(a) or (c) with respect to
Indemnifiable Taxes imposed by the United Kingdom or the United States by reason of such failure;
provided, however, that should a Lender become subject to Indemnifiable Taxes or United Kingdom
withholding Taxes because of its failure to deliver a form required hereunder, the Borrower shall
take such steps as such Lender shall reasonably request to assist such Lender to recover such
Indemnifiable Taxes or United Kingdom withholding Taxes.

     (h) If a condition or an event occurs which would, or would upon the passage of time or giving
notice, result in the payment of any additional amounts pursuant to this Section 2.14, each
Lender agrees to use reasonable efforts (consistent with its internal policy and legal and
regulatory restrictions) to change the jurisdiction of its Applicable Lending Office if the making
of such a change would avoid the need for, or reduce the amount of, any such additional amounts
that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise
disadvantageous to such Lender.

     (i) If the Administrative Agent or any Lender, in its sole opinion, determines that it has
finally and irrevocably received or been granted a refund in respect of any Indemnifiable Taxes or
Other Taxes as to which indemnification has been paid by the Borrower pursuant to Section
2.14(a) or (c), it shall promptly remit such refund to the Borrower, net of all
out-of-pocket expenses of the Administrative Agent or such Lender; provided, however, that the
Borrower upon the request of the Administrative Agent or such Lender, agrees promptly to return
such refund to such party in the event such party is required to repay such refund to the relevant
taxing authority. The Administrative Agent or such Lender shall provide the Borrower with a copy
of any notice or assessment from the relevant taxing authority (deleting any confidential
information contained therein) requiring the repayment of such refund. Nothing contained herein
shall impose an obligation on the Administrative Agent or any Lender to apply for any refund or to
disclose to any party any information regarding their proprietary information regarding tax affairs
and computations. If the Borrower determines in good faith that a reasonable basis exists for
contesting any Taxes for which indemnification has been demanded hereunder, the relevant Lender or
the Administrative Agent, as applicable, to the extent permitted by law, rule or regulation, shall
reasonably cooperate with the Borrower in challenging such Taxes at the Borrower’s expense if so
requested by the Borrower in writing.

     (j) If a Lender changes its Applicable Lending Office (other than pursuant to subsection (h)
above or Section 2.11 or 2.12) and the effect of such change, as of the date of
such change, would be to cause the Borrower to become obligated to pay any additional amounts under
this Section 2.14, the Borrower shall not be obligated to pay such additional amount.

34

 

     (k) A certificate of a Lender setting forth such amount or amounts as shall be necessary to
compensate such Lender specified in Section 2.14(a), (b), or (c) above, as
the case may be, and identifying with reasonable specificity the basis for calculation of such
amount or amounts, shall be delivered to the Borrower and the Administrative Agent and shall be
conclusive absent manifest error.

     (l) The obligations of a Lender under this Section 2.14 shall survive the termination
of this Agreement and the payment of the Advances and all amounts payable hereunder.

     Section 2.15 Sharing of Payments, Etc. If any Lender shall obtain any payment
(whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on
account of the Advances owing to it (other than pursuant to Section 2.11, 2.14 or
8.04(c)) in excess of its ratable share of payments on account of the Advances obtained by
all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations in
the Advances owing to them as shall be necessary to cause such purchasing Lender to share the
excess payment ratably with each of them; provided, however, that if all or any portion of such
excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender
shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the
extent of such recovery together with an amount equal to such Lender’s ratable share (according to
the proportion of (i) the amount of such Lender’s required repayment to (ii) the total amount so
recovered from the purchasing Lender) of any interest or other amount paid or payable by the
purchasing Lender in respect of the total amount so recovered. The Borrower agrees that any Lender
so purchasing a participation from another Lender pursuant to this Section 2.15 may, to the
fullest extent permitted by law, exercise all of 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 2.16 Use of Proceeds. The proceeds of the Advances shall be available (and
the Borrower agrees that it shall use such proceeds) solely (i) to refinance Existing Debt, (ii) to
provide liquidity support for commercial paper issued by the Borrower and (iii) for working capital
and other general corporate purposes (including acquisitions) of the Borrower and its Subsidiaries
and (following use of such proceeds by the Borrower to pay a dividend to the Parent or to make an
intercompany loan to the Parent) the Parent and its Subsidiaries.

ARTICLE III

CONDITIONS TO EFFECTIVENESS AND LENDING

     Section 3.01 Conditions Precedent to Effectiveness. This Agreement shall become
effective on the date (the “Effective Date”) the Borrower sends written notice to the
Administrative Agent requesting that this Agreement become effective; provided, that
following conditions precedent have been satisfied:

     (a) The Borrower shall have paid all fees and expenses of the Administrative Agent and the
Lenders payable hereunder and accrued as of the Effective Date (including the accrued fees and
expenses of counsel to the Administrative Agent).

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     (b) On the Effective Date, the following statements shall be true and the Administrative Agent
shall have received for the account of each Lender a certificate signed by a duly authorized
officer of the Borrower, dated the Effective Date, stating that:

     (i) The representations and warranties contained in Section 4.01 are correct in
all material respects on and as of the Effective Date, and

     (ii) No event has occurred and is continuing that constitutes a Default.

     (c) The Administrative Agent shall have received on or before the Effective Date the
following, each dated such day, in form and substance satisfactory to the Administrative Agent and
(except for the Notes) in sufficient copies for each Lender:

     (i) If requested by a Lender, a replacement Note payable to the order of each such
Lender, in a principal amount equal to each such Lender’s Commitment.

     (ii) Certified copies of the resolutions of the Board of Directors (or committee
thereof) of the Borrower and each other Loan Party approving this Agreement, the Notes and
each Guaranty to which it is or is to be a party, and of all documents evidencing other
necessary corporate action and governmental and other third party approvals and consents, if
any, with respect to this Agreement, the Notes and each Guaranty.

     (iii) A certificate of the Secretary or an Assistant Secretary of each Loan Party
certifying the names and true signatures of the officers of such Loan Party authorized to
sign the Loan Documents to which it is a party and the other documents to be delivered
hereunder.

     (iv) A reaffirmation of the Subsidiary Guaranty executed by each Subsidiary Guarantor,
and the Parent Guaranty duly executed by the Parent.

     (v) An opinion of Alston & Bird, LLP, counsel for the Loan Parties, in substantially
the form of Exhibit F attached hereto.

     (vi) An opinion of Linklaters, English counsel for the Borrower, in substantially the
form of Exhibit G attached hereto and to such other matters as any Lender through
the Administrative Agent may reasonably request.

     (vii) An opinion of APPLEBY, Bermuda counsel for the Parent, in substantially the form
of Exhibit H attached hereto and to such other matters as any Lender through the
Administrative Agent may reasonably request.

     (d) An acceptance of the appointment of the Process Agent (as such term is defined in
Section 8.12) for each of the Parent and the Borrower.

     Section 3.02 Conditions Precedent to Each Borrowing and Each Increase Date. The
obligation of each Lender to make an Advance on the occasion of each Borrowing and each increase of
Commitments pursuant to Section 2.05(b) shall be subject to the conditions precedent that
the Effective Date shall have occurred and on the date of such Borrowing or such Increase

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Date the following statements shall be true (and each of the giving of the applicable Notice
of Borrowing and request for Commitment increase and the acceptance by the Borrower of the proceeds
of such Borrowing shall constitute a representation and warranty by the Borrower that on the date
of such Borrowing or such Increase Date such statements are true):

     (a) the representations and warranties contained in Section 4.01 (excluding, in
the case of Borrowings, clauses (g) and (i)(i) of Section 4.01) are correct in all
material respects on and as of the date of such date, before and after giving effect to such
Borrowing or such Increase Date and to the application of the proceeds therefrom, as though
made on and as of such date except to the extent such representations and warranties
specifically relate to an earlier date, in which case such representations and warranties
shall have been correct in all material respects on and as of such earlier date (other than
in the case of the representations and warranties made in Section 4.01(d), which
shall be correct in all material respects on and as of such date of Borrowing or such
Increase Date as though made on and as of such date, without regard to any earlier date
referenced therein), and

     (b) no event has occurred and is continuing, or would result from such Borrowing or
from the application of the proceeds therefrom, or such Increase Date that constitutes a
Default.

     Section 3.03 Determinations Under Section 3.01. For purposes of determining
compliance with the conditions specified in Section 3.01, each Lender shall be deemed to have
consented to, approved or accepted or to be satisfied with each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to the Lenders unless an
officer of the Administrative Agent responsible for the transactions contemplated by this Agreement
shall have received notice from such Lender prior to the date that the Borrower, by notice to the
Lenders, designates as the proposed Effective Date, specifying its objection thereto. The
Administrative Agent shall promptly notify the Lenders and the Borrower of the occurrence of the
Effective Date.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

     Section 4.01 Representations and Warranties of the Parent and the Borrower. Each of
the Parent and the Borrower represents and warrants as follows:

     (a) Each Loan Party (i) is duly organized or formed, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or organization, (ii) is duly qualified and
in good standing in each other jurisdiction in which it owns or leases property or in which the
conduct of its business requires it to so qualify or be licensed except where the failure to so
qualify or be licensed is not reasonably likely to have a Material Adverse Effect and (iii) has all
requisite power and authority (including, without limitation, all governmental licenses, permits
and other approvals) to own or lease and operate its properties and to carry on its business as now
conducted and as proposed to be conducted except where failure to possess such power or authority
is not reasonably likely to have a Material Adverse Effect.

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     (b) Set forth on Schedule 4.01(b) hereto is a complete and accurate list of all
Subsidiaries of each Loan Party as of March 31, 2005, showing as of such date (as to each such
Subsidiary) the jurisdiction of its incorporation or organization. All of the outstanding capital
stock of all of such Subsidiaries has been validly issued, is fully paid and non-assessable and is
owned by such Loan Party or one or more of its Subsidiaries free and clear of all Liens. Each such
Subsidiary (i) is duly organized or formed, validly existing and in good standing under the laws of
the jurisdiction of its incorporation or organization, (ii) is duly qualified and in good standing
in each other jurisdiction in which it owns or leases property or in which the conduct of its
business requires it to so qualify or be licensed except where the failure to so qualify or be
licensed is not reasonably likely to have a Material Adverse Effect and (iii) has all requisite
power and authority (including, without limitation, all governmental licenses, permits and other
approvals) to own or lease and operate its properties and to carry on its business as now conducted
and as proposed to be conducted except where failure to possess such power or authority is not
reasonably likely to have a Material Adverse Effect.

     (c) The execution, delivery and performance by each Loan Party of this Agreement, the Notes
and each other Loan Document to which it is or is to be a party, and the incurrence of the
obligations provided for herein and therein, are within such Loan Party’s corporate powers, have
been duly authorized by all necessary corporate action, and do not (i) contravene such Loan Party’s
charter or bylaws, (ii) violate any law (including, without limitation, the Securities Exchange Act
of 1934), rule, regulation (including, without limitation, Regulations T, U and X of the Board of
Governors of the Federal Reserve System), order, writ, judgment, injunction, decree, determination
or award, (iii) conflict with or result in the breach of, or constitute a default under, any
contract, loan agreement, indenture, mortgage, deed of trust, lease or other instrument binding on
or affecting any Loan Party, any of its Subsidiaries or any of their properties or (iv) result in
or require the creation or imposition of any Lien upon or with respect to any of the properties of
any Loan Party or any of its Subsidiaries. No Loan Party or any of its Subsidiaries is in
violation of any such law, rule, regulation, order, writ, judgment, injunction, decree,
determination or award or in breach of any such contract, loan agreement, indenture, mortgage, deed
of trust, lease or other instrument, the violation or breach of which is reasonably likely to have
a Material Adverse Effect.

     (d) No authorization or approval or other action by, and no notice to or filing with, any
governmental authority or regulatory body or any other third party is required for (i) the due
execution, delivery, recordation, filing or performance by any Loan Party of this Agreement, the
Notes or any other Loan Document to which it is or is to be a party, or for the performance of any
Loan Document or (ii) the exercise by the Administrative Agent or any Lender of its rights under
the Loan Documents as of March 31, 2005, except for the authorizations, approvals, actions, notices
and filings listed on Schedule 4.01(d), all of which have been duly obtained, taken, given
or made and are in full force and effect.

     (e) This Agreement has been, and each of the Notes and each other Loan Document when delivered
hereunder will have been, duly executed and delivered by each Loan Party party thereto. This
Agreement is, and each of the Notes and each other Loan Document when delivered hereunder will be,
the legal, valid and binding obligation of each Loan Party party thereto, enforceable against such
Loan Party in accordance with its terms.

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     (f) The Consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as
at December 31, 2006, and the related Consolidated and consolidating statements of income and
Consolidated statement of cash flows of the Borrower and its Subsidiaries for the fiscal year then
ended, and the Consolidated and consolidating balance sheets of the Borrower and its Subsidiaries
as at June 30, 2007, and the related Consolidated and consolidating statements of income and
Consolidated statement of cash flows of the Borrower and its Subsidiaries for the six months then
ended, duly certified by the chief financial officer of the Borrower, copies of which have been
furnished to each Lender in accordance with Section 5.01(j) of the Existing Credit
Agreement, fairly present, subject, in the case of said balance sheets as at June 30, 2007, and
said statements of income and cash flows for the six months then ended, to year-end audit
adjustments, the Consolidated and consolidating financial condition of the Borrower and its
Subsidiaries as at such dates and the Consolidated and consolidating results of the operations of
the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with
International Financial Reporting Standards applied on a consistent basis.

     (g) Since December 31, 2006, there has been no Material Adverse Change.

     (h) No written information, exhibit or report furnished by any Loan Party to any Agent or any
Lender in connection with the negotiation of the Loan Documents or pursuant to the terms of the
Loan Documents contains any untrue statement of a material fact or omits to state a material fact
necessary to make the statements made therein not misleading in light of the circumstances under
which they were made.

     (i) There is no action, suit, investigation, litigation or proceeding affecting any Loan Party
or, to the best knowledge of the Loan Parties, any of its Subsidiaries pending or, to the best
knowledge of the Loan Parties, threatened before any court, governmental agency or arbitrator that
(i) would be reasonably likely to have a Material Adverse Effect as of March 31, 2005 (other than
the matters described on Schedule 4.01(i) hereto (the “Disclosed Litigation”)) and
there has been no change or other development in the Disclosed Litigation which is reasonably
likely to result in a material adverse change in the business, financial condition or results of
operations of the Parent and its Subsidiaries, taken as a whole, or (ii) purports to affect the
legality, validity or enforceability of this Agreement, any Note or any other Loan Document or the
consummation of the transactions contemplated hereby.

     (j) Following application of the proceeds of each Advance, not more than 25 percent of the
value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a
Consolidated basis) subject to the provisions of Section 5.02(a) or 5.02(d) or
subject to any restriction contained in any agreement or instrument between the Borrower and any
Lender or any Affiliate of any Lender relating to Debt and within the scope of Section
6.01(e) will be margin stock (within the meaning of Regulation U issued by the Board of
Governors of the Federal Reserve System). Neither the making of any Advance nor the use of
proceeds thereof will violate or be inconsistent with the provisions of Regulations T, U or X of
the Board of Governors of the Federal Reserve System.

     (k) No ERISA Event has occurred or is reasonably expected to occur with respect to any Plan
that has resulted in or is reasonably expected to result in a Material Adverse Effect.

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     (l) Schedule B (Actuarial Information) to the most recent annual report (Form 5500 Series)
required to be filed for each Plan, copies of which have been filed with the Internal Revenue
Service and, with respect to each Plan whose funded current liability percentage (as defined in
Section 302(d)(8) of ERISA) is less than 100%, furnished to the Lenders, is complete and accurate
and fairly presents the funding status of such Plan, and since the date of such Schedule B there
has been no material adverse change in such funding status.

     (m) Neither any Loan Party nor any ERISA Affiliate has incurred or is reasonably expected to
incur (i) any liability under Section 4064 or 4069 of ERISA or (ii) any Withdrawal Liability to any
Multiemployer Plan that has resulted or would be reasonably likely to result in a Material Adverse
Effect.

     (n) Neither any Loan Party nor any ERISA Affiliate has been notified by the sponsor of a
Multiemployer Plan that such Multiemployer Plan is in reorganization or has been terminated, within
the meaning of Title IV of ERISA, and, to the best knowledge of any Loan Party or any ERISA
Affiliate, no such Multiemployer Plan is reasonably expected to be in reorganization or to be
terminated, within the meaning of Title IV of ERISA.

     (o) Each Loan Party and each of its Subsidiaries and Affiliates has filed, has caused to be
filed or has been included in all tax returns (Federal, state, local and foreign) required to be
filed and has paid all taxes shown thereon to be due, together with applicable interest and
penalties.

     (p) Neither any Loan Party nor any of its Subsidiaries is an “investment company”, or a
company “controlled by” an “investment company”, as such terms are defined in the Investment
Company Act of 1940, as amended. Neither the making of any Advances nor the application of the
proceeds or repayment thereof by the Borrower, nor the consummation of the other transactions
contemplated hereby, will violate any provision of such Act or any rule, regulation or order of the
Securities and Exchange Commission thereunder.

     (q) [Intentionally Deleted]

     (r) Each Subsidiary of the Parent engaged in advisory or management activities, if any, is
duly registered as an investment adviser as and to the extent required under the Investment
Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder. Each
Subsidiary of the Parent engaged in the broker-dealer business, if any, is duly registered as a
broker-dealer as and to the extent required under the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated thereunder and, as and to the extent required is a member
in good standing of the National Association of Securities Dealers, Inc.

     (s) As of the Effective Date, neither the Parent nor any of its Subsidiaries is in default and
no waiver of default is in effect with respect to the payment of any principal or interest of any
Existing Debt for borrowed money.

     (t) The obligations of each Loan Party under the Loan Documents to which it is a party
constitute direct, unconditional and general obligations of such Loan Party that rank and will rank
at least pari passu in priority of payment and in all other respects with all other Debt of such
Loan Party.

40

 

     (u) Each Loan Party is, individually and together with its Subsidiaries, Solvent.

     (v) Set forth on Schedule 4.01(v) hereto is a complete and accurate list of all
Existing Debt showing as of the date hereof the principal amount outstanding thereunder.

     (w) The Parent and each of its Significant Subsidiaries owns or has fully sufficient right to
use, free from all material restrictions (other than Permitted Liens and Liens permitted under
Section 5.02(a)), all real and personal (including, without limitation, intellectual)
properties that are necessary for the operation of their respective businesses as currently
conducted.

     (x) As of the Effective Date, except under documents governing any Existing Debt, and except
as may be provided by applicable laws, rules or regulations (including those restrictions imposed
by governmental authorities), no Subsidiary of the Parent (other than any Special Purpose
Subsidiary) is party to any agreement prohibiting, conditioning or limiting the payment of
dividends or other distributions to the Parent or any of its Subsidiaries or the repayment of Debt
owed to the Parent by any Subsidiary of the Parent.

     (y) Environmental Compliance. The Parent and each Subsidiary is in compliance with
all Environmental Laws, except where the failure to be in compliance could not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect.

ARTICLE V

COVENANTS OF THE BORROWER

     Section 5.01 Affirmative Covenants. So long as any Advance shall remain unpaid or any
Lender shall have any Commitment hereunder, each of the Parent and the Borrower will:

     (a) Compliance with Laws, Etc. Comply, and cause each of its Subsidiaries to comply,
in all material respects, with all applicable laws, rules, regulations and orders, such compliance
to include (to the extent applicable), without limitation, compliance with the Investment Advisers
Act of 1940, as amended, ERISA and environmental laws, except where the failure to do so would not,
and would not be reasonably expected to, have a Material Adverse Effect.

     (b) Payment of Taxes, Etc. Pay and discharge, and cause each of its Subsidiaries to
pay and discharge, before the same shall become delinquent, all taxes, assessments, claims and
governmental charges or levies imposed upon it or upon its property, except to the extent that any
failure to do so would not, and would not be reasonably expected to, have a Material Adverse
Effect; provided, however, that neither the Parent nor any of its Subsidiaries shall be required to
pay or discharge any such tax, assessment, claim or charge that is being contested in good faith
and by proper proceedings and as to which appropriate reserves are being maintained.

     (c) Maintenance of Insurance. Maintain, and cause each of its Significant
Subsidiaries to maintain, insurance with responsible and reputable insurance companies or
associations in such amounts and covering such risks as is usually carried by companies engaged

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in similar businesses and owning similar properties in the same general areas in which the
Parent or such Significant Subsidiary operates.

     (d) Preservation of Corporate Existence, Etc. Preserve and maintain, and cause each
of its Subsidiaries to preserve and maintain, its existence, legal structure, legal name, rights
(charter and statutory), permits, licenses, approvals, registrations, privileges and franchises;
provided, however, that the Borrower may change its name to INVESCO Holding Company Limited by
December 31, 2007, and the Parent and its Subsidiaries may consummate any merger or consolidation
permitted under Section 5.02(c); and provided further that neither the Parent nor any of
its Subsidiaries shall be required to preserve any right, permit, license, approval, registration,
privilege or franchise if the Board of Directors of the Parent or such Subsidiary shall determine
that the failure to so maintain such existence (in the case of any Subsidiary that is not a Loan
Party) or such rights and franchises (in the case of the Parent or any of its Subsidiaries) would
not, and would not be reasonably expected to, have a Material Adverse Effect.

     (e) Visitation Rights. At any reasonable time and from time to time, permit the
Administrative Agent or any of the Lenders or any agents or representatives thereof, to examine and
make copies of and abstracts from the records and books of account of, and visit the properties of,
the Parent and any of its Subsidiaries, and to discuss the affairs, finances and accounts of the
Parent and any of its Subsidiaries with any of their officers or directors and with their
independent certified public accountants.

     (f) Keeping of Books. Keep, and cause each of its Significant Subsidiaries to keep,
proper books of record and account, in which full and correct entries shall be made of all
financial transactions and the assets and business of the Parent and each such Significant
Subsidiary in accordance with generally accepted accounting principles applicable to such Person in
effect from time to time.

     (g) Maintenance of Properties, Etc. Take all reasonable action to maintain and
preserve, and cause each of its Subsidiaries to take all reasonable action to maintain and
preserve, all of its properties that are necessary in the conduct of its business in good working
order and condition, ordinary wear and tear excepted, except where the failure to so maintain and
preserve such properties would not, and would not be reasonably expected to, have a Material
Adverse Effect.

     (h) New Material Subsidiaries. Promptly and in any event within 30 days following the
request of the Required Lenders made after either (i) the organization or acquisition of any new
Material Subsidiary or (ii) the delivery of audited annual financial statements pursuant to
Section 5.01(j) that indicate that a Subsidiary of the Parent that is not at such time a
Guarantor is a Material Subsidiary, cause such Material Subsidiary to execute and deliver an
Assumption of Guaranty (as defined in the Guaranty), together with such documents as the Required
Lenders may request evidencing corporate action taken to authorize such execution and delivery and
the incumbency and signatures of officers of such Material Subsidiary, provided that a Material
Subsidiary shall not be required to become a Guarantor if (A) a guaranty by such Material
Subsidiary would result in materially adverse tax consequences to the Parent and its Subsidiaries
or shareholders of the Parent or (B) a guaranty by such Material Subsidiary is prohibited or
limited by regulatory requirements or applicable law.

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     (i) Use of Proceeds. Use the proceeds of the Advances solely as provided in
Section 2.16 and otherwise in accordance with the terms hereof.

     (j) Reporting Requirements. Furnish to the Administrative Agent and the Lenders:

     (i) as soon as available and in any event within 45 days after the end of each of the
first three quarters of each fiscal year of the Parent, Consolidated and, consistent with
past practice subject to any change in Applicable Accounting Standards, consolidating
balance sheets of the Parent and its Subsidiaries as of the end of such quarter and
Consolidated and, consistent with past practice subject to any change in Applicable
Accounting Standards, consolidating statements of income and Consolidated cash flows of the
Parent and its Subsidiaries for the period commencing at the end of the previous fiscal year
and ending with the end of such quarter, duly certified (subject to year-end audit
adjustments) by the chief financial officer of the Parent as having been prepared in
accordance with Applicable Accounting Standards and certificates of the chief financial
officer of the Parent as to compliance with the terms of this Agreement and setting forth in
reasonable detail the calculations necessary to demonstrate compliance with Section
5.03, provided that in the event of any material change in Applicable Accounting
Standards used in the preparation of such financial statements, the Parent shall also
provide, at the request of the Administrative Agent, (a) a statement of reconciliation
conforming such financial statements to the Applicable Accounting Standards as in effect on
the Effective Date and (b) another certificate of the chief financial officer of the Parent
setting forth in reasonable detail the calculations, utilizing such former Applicable
Accounting Standards as of the Effective Date, necessary to demonstrate compliance with
Section 5.03; provided further that the statement of reconciliation required under
clause (a) above shall only be required once at the end of the fiscal period immediately
following such a change in the Applicable Accounting Standard and shall not be required if a
statement of reconciliation was given pursuant to Section 5.01(j)(ii)(A)(ii)(a)
below.

     (ii) (A) as soon as available and in any event within 120 days after the end of each
fiscal year of the Parent, a copy of the annual report for such year for the Parent and its
Subsidiaries, containing a Consolidated balance sheet of the Parent and its Subsidiaries as
of the end of such fiscal year and a Consolidated statement of income and Consolidated cash
flows of the Parent and its Subsidiaries for such fiscal year, in each case accompanied by
(i) a report and opinion as to such Consolidated financial statements by Ernst & Young LLP
or other independent public accountants approved by the audit committee of the Parent’s
board of directors and, if other than Deloitte & Touche LLP, KPMG LLP, or
PricewaterhouseCoopers LLP, reasonably acceptable to the Required Lenders (the
“Auditor”), which report and opinion shall be prepared in accordance with applicable
audit standards, and which report and opinion shall not be subject to any “going concern” or
like qualification or exception or any qualification or exception as to the scope of such
audit, and (ii) certificates of the chief financial officer of the Parent as to compliance
with the terms of this Agreement and setting forth in reasonable detail the calculations
necessary to demonstrate compliance with Section 5.03, provided that in the event of
any material change in Applicable Accounting Standards used in the preparation of such
financial statements, the Borrower shall also provide, at the request of the

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Administrative Agent, (a) a statement of reconciliation conforming such financial
statements to the Applicable Accounting Standards in effect as of the Effective Date and (b)
another certificate of the chief financial officer of the Parent setting forth in reasonable
detail the calculations, utilizing such former Applicable Accounting Standards as of the
Effective Date, necessary to demonstrate compliance with Section 5.03; provided
further that the statement of reconciliation required under clause (a) above shall only be
required once at the end of the fiscal year immediately following such a change in the
Applicable Accounting Standard and shall not be required if a statement of reconciliation
was given pursuant to Section 5.01(j)(i)(a) above.

          (B) as soon as available and in any event within 120 days after the end of each fiscal
year of the Parent (i) consistent with past practice subject to any change in Applicable
Accounting Standards, a copy of consolidating balance sheets as of the end of such fiscal
year and consolidating statements of income, and (ii) following such time as Section 404 of
Sarbanes-Oxley is applicable to the Parent, a report of management on the Parent’s internal
control over financial reporting pursuant to Item 308(a) of Regulation S-K promulgated under
the Exchange Act, a report of the Auditor on management’s assessment of the Parent’s
internal control over financial reporting pursuant to Item 308(b) of Regulation S-K
promulgated under the Exchange Act, and an independent assessment by the Auditor as to the
effectiveness of the Parent’s internal control over financial reporting;

     (iii) as soon as possible and in any event within five days after the occurrence of
each Default continuing on the date of such statement, a statement of the chief financial
officer of the Parent setting forth details of such Default and the action that the Parent
has taken and proposes to take with respect thereto;

     (iv) promptly after the commencement thereof, notice of all actions and proceedings
before any court, governmental agency or arbitrator affecting the Parent or any of its
Subsidiaries of the type described in Section 4.01(i);

     (v) (A) promptly and in any event within 20 days after any Loan Party or any ERISA
Affiliate knows or has reason to know that (1) any ERISA Event has occurred which could
result in a material liability of any Loan Party or any ERISA Affiliate, or (2) any Loan
Party or any ERISA Affiliate has incurred or is reasonably expected to incur a material
liability under Section 4064 or 4069 of ERISA, a statement of the chief financial officer of
the Borrower describing such ERISA Event and the circumstances giving rise to, and the
amount of such liability and the action, if any, that such Loan Party or such ERISA
Affiliate has taken and proposes to take with respect thereto and (B) on the date any
records, documents or other information must be furnished to the PBGC with respect to any
Plan pursuant to Section 4010 of ERISA, a copy of such records, documents and information;

     (vi) promptly and in any event within two Business Days after receipt thereof by any
Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention
to terminate any Plan or to have a trustee appointed to administer any Plan;

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     (vii) promptly upon request from the Administrative Agent or any Lender, copies of each
Schedule B (Actuarial Information) to the annual report (Form 5500 Series) required to be
filed with respect to each Plan whose funded current liability percentage (as defined in
Section 302(d)(8) of ERISA) is less than 100%;

     (viii) promptly and in any event within 20 days after receipt thereof by any Loan Party
or any ERISA Affiliate from the sponsor of a Multiemployer Plan, copies of each notice
concerning (A) the imposition on any Loan Party or any ERISA Affiliate of Withdrawal
Liability in a material amount by any such Multiemployer Plan, (B) the reorganization or
termination, within the meaning of Title IV of ERISA, of any such Multiemployer Plan or (C)
the amount of liability incurred, or that may be incurred, by any Loan Party or any ERISA
Affiliate in connection with any event described in clause (A) or (B),

     (ix) promptly and in any event within five Business Days after the organization or
acquisition of any Material Subsidiary, notice of such event;

     (x) following such time as Section 404 of Sarbanes-Oxley is applicable to the Borrower,
promptly, notice of the Auditor’s determination (in connection with its preparation of its
report under Section 5.01(j)(ii)(A)) or the Parent’s determination of the occurrence
or existence of any Internal Control Event at any time; and

     (xi) such other information respecting the Parent or any of its Subsidiaries as the
Administrative Agent or any Lender acting through the Administrative Agent may from time to
time reasonably request.

     Documents required to be delivered pursuant to Section 5.01(j)(i) or (ii) may
be delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Parent posts such documents, or provides a link thereto on the Parent’s website on
the Internet at the website address listed on Schedule 8.02; or (ii) on which such
documents are posted on the Parent’s behalf on an Internet or intranet website, if any, to which
each Lender and the Administrative Agent have access (whether a commercial, third-party website or
whether sponsored by the Administrative Agent); provided that: (i) the Parent shall deliver paper
copies of such documents to the Administrative Agent until a written request to cease delivering
paper copies is given by the Administrative Agent and (ii) the Parent shall notify the
Administrative Agent (by telecopier or electronic mail) of the posting of any such documents and
provide to the Administrative Agent by electronic mail electronic versions (i.e., soft
copies) of such documents. Notwithstanding anything contained herein, in every instance the
Borrower shall be required to provide paper copies of the compliance certificate required by
Section 5.01(j)(i) and (ii) to the Administrative Agent. Except for such
compliance certificate, the Administrative Agent shall have no obligation to request the delivery
or to maintain copies of the documents referred to above, and in any event shall have no
responsibility to monitor compliance by the Parent with any such request for delivery, and each
Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such
documents.

     The Parent and the Borrower hereby acknowledge that (a) the Administrative Agent and/or the
Arrangers will make available to the Lenders information provided by or on behalf of

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the Parent and/or the Borrower hereunder (collectively, “Borrower Materials”) by
posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that
do not wish to receive material non-public information with respect to the Borrower or its
securities) (each, a “Public Lender”). Each of the Parent and the Borrower hereby agrees
that (w) all Borrower Materials that are to be made available to Public Lenders shall be clearly
and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall
appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC”, the
Parent and the Borrower shall be deemed to have authorized the Administrative Agent, each Arranger
and the Lenders to treat such Borrower Materials as not containing any material non-public
information with respect to the Parent and the Borrower or its securities for purposes of United
States Federal and state securities laws (provided, however, that to the extent such Borrower
Materials constitute Information, they shall be treated as set forth in Section 8.07); (y)
all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the
Platform designated “Public Investor”; and (z) the Administrative Agent and each Arranger shall be
entitled to treat the Borrower Materials that are not marked “PUBLIC” as being suitable only for
posting on a portion of the Platform not designated “Public Investor”.

     (k) Internal Control Events. Following such time as Section 404 of Sarbanes-Oxley is
applicable to the Parent, upon notification from the Administrative Agent to the Parent that the
Required Lenders require remediation of any Internal Control Event of which they have received
notice pursuant to Section 5.01(j)(x) or as reported in any report delivered pursuant to
Section 5.01(j)(ii), remediate or cause to be remediated such Internal Control Event, and
to test and confirm such remediation, not later than the end of the time period reasonably agreed
by the Required Lenders with the Parent as necessary for such remediation (the “Remediation
Period”). It is understood that the Remediation Period will require a sufficient period of
time to permit testing required by the relevant Securities Laws.

     Section 5.02 Negative Covenants. So long as any Advance shall remain unpaid or any
Lender shall have any Commitment hereunder, neither the Parent nor the Borrower will at any time:

     (a) Liens, Etc. Create, incur, assume or suffer to exist, or permit any of its
Subsidiaries to create, incur, assume or suffer to exist, any Lien on or with respect to any of its
properties of any character (including, without limitation, accounts) whether now owned or
hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any accounts or other
right to receive income, excluding, however, from the operation of the foregoing restrictions the
following:

     (i) Permitted Liens;

     (ii) Liens on deposit accounts of the Parent and its Subsidiaries in respect of their
cash pooling operations;

     (iii) purchase money Liens upon or in real property or equipment acquired or held by
the Parent or any of its Subsidiaries in the ordinary course of business to secure the
purchase price of such property or equipment or to secure Debt incurred solely for the

46

 

purpose of financing the acquisition of any such property or equipment, or Liens
existing on any such property or equipment at the time of acquisition (other than any such
Liens created in contemplation of such acquisition that were not incurred to finance the
acquisition of such property); provided, however, that no such Lien shall extend to or cover
any properties of any character other than the property or equipment being acquired, and no
such extension, renewal or replacement shall extend to or cover any property not theretofore
subject to the Lien being extended, renewed or replaced; and provided further that the
aggregate principal amount of the Debt secured by Liens permitted by this clause (iii) and
clause (iv) below shall not exceed $100,000,000 at any time outstanding;

     (iv) Liens on property of a Person existing at the time such Person is merged into or
consolidated with the Parent or any Subsidiary of the Parent or becomes a Subsidiary of the
Parent; provided that such Liens were not created in contemplation of such merger,
consolidation or investment and do not extend to any assets other than those of the Person
merged into or consolidated with the Parent or such Subsidiary or acquired by the Parent or
such Subsidiary; provided, further, that the aggregate principal amount of the Debt secured
by Liens permitted by this clause (iv) and clause (iii) above shall not exceed $100,000,000
at any time outstanding;

     (v) Liens arising pursuant to one or more securitization programs permitted pursuant to
Section 5.02(d)(ii);

     (vi) the replacement, extension or renewal of any Lien permitted by clauses (iii)
through (iv) above upon or in the same property theretofore subject thereto or the
replacement, extension or renewal (without increase in the amount or addition of any direct
or contingent obligor) of the Debt secured thereby;

     (vii) Liens existing as of March 31, 2005 as described on Schedule 5.02(a);

     (viii) Liens which are floating charges under English law in the form of an “industry
standard” granted by INVESCO Pensions Limited (“IPL”) on its revolving business
assets (without attaching to any particular asset until the floating charge crystallises on
insolvency events which will result in steps being taken to make payment of a dividend to
creditors or where the reinsurance creditor reasonably considers this may happen) to
reinsurance creditors to support the obligations of IPL thereto under reinsurance contracts
and limited in the amount secured to the amount which would have been recoverable had the
secured amount been an unsecured debt owed to a direct policy holder of IPL;

     (ix) Liens to secure Subsidiary Non-Recourse Debt, provided that no such Lien shall
extend to or cover any properties or assets other than the property or assets being acquired
with such Subsidiary Non-Recourse Debt and proceeds thereof; and

     (x) Liens on the office equipment sold and leased back pursuant to the Office Equipment
Sale and Leaseback and proceeds thereof.

47

 

     (b) Loans. Make or hold, or permit any of its Subsidiaries to make or hold, loans or
advances to any Person other than (i) loans or advances between or among the Parent and any of its
Subsidiaries, (ii) loans or advances to Affiliates of the Parent in an aggregate principal amount
at any one time outstanding not to exceed $100,000,000 provided that all such loans or advances
made to Affiliates that are employees of the Parent or any Subsidiary shall not exceed $25,000,000
in an aggregate principal amount at any one time outstanding, and (iii) loans or advances not
otherwise permitted by clauses (i) and (ii) above in an aggregate amount at any one time
outstanding not to exceed $40,000,000.

     (c) Mergers, Etc. Merge into or consolidate with any Person or permit any Person to
merge into it, or permit any of its Subsidiaries to do so, except that

     (i) any of the Parent’s Subsidiaries, other than the Borrower and Subsidiaries of the
Borrower, may merge into the Parent,

     (ii) any of the Borrower’s Subsidiaries may merge into the Borrower,

     (iii) any Subsidiary of the Parent that is not a Restricted Subsidiary may merge with
any other Subsidiary of the Parent that is not a Restricted Subsidiary,

     (iv) any Subsidiary of a Subsidiary Guarantor may merge with any Subsidiary Guarantor
or a Subsidiary of a Subsidiary Guarantor,

     (v) any Subsidiary Guarantor may merge with any other Subsidiary of the Borrower, and

     (vi) mergers in connection with acquisitions of Investments to the extent not
prohibited pursuant to Section 5.02(e);

provided, however, that in each case, immediately after giving effect thereto, no event shall occur
and be continuing that constitutes a Default and, in the case of any such merger to which the
Borrower is a party, the Borrower is the surviving corporation or, in the case of any merger to
which a Guarantor, but not the Borrower, is a party, the surviving corporation is a Guarantor and
is not (as a result of such merger) subject to any agreement described in Section
5.02(i)(iv).

     (d) Sales, Etc. of Assets. Sell, lease, transfer or otherwise dispose of, or permit
any of its Subsidiaries to sell, lease, transfer or otherwise dispose of, any assets, or grant any
option or other right to purchase, lease or otherwise acquire any assets, except:

     (i) in a transaction authorized by subsection (c) of this Section,

     (ii) the sale or other disposition to a third-party investor by the Parent or any of
its Subsidiaries of its rights to receive distribution fees and contingent deferred sales
charges pursuant to a securitization program,

     (iii) the Parent and its Subsidiaries may, during any fiscal year of the Parent, sell,
lease, transfer or otherwise dispose of assets (including equity securities owned by such
Persons) which generated up to, but not to exceed, twenty percent (20%) of the

48

 

Consolidated operating income of the Parent during the immediately preceding fiscal
year of the Parent,

     (iv) any Subsidiary of the Parent that is not a Restricted Subsidiary may sell, lease,
transfer or otherwise dispose of all or substantially all of its assets to (a) the Parent,
(b) the Borrower, (c) a wholly-owned Subsidiary of the Parent or the Borrower that is not a
Restricted Subsidiary, or (d) a Guarantor,

     (v) any Subsidiary Guarantor or any Subsidiary of a Subsidiary Guarantor may sell,
lease, transfer or otherwise dispose of all or substantially all of its assets to any other
Subsidiary Guarantor or a Subsidiary of a Subsidiary Guarantor,

     (vi) sales or other dispositions of obsolete equipment and furniture, and

     (vii) the sale of office equipment of Invesco Group Services, Inc. pursuant to the
Office Equipment Sale and Leaseback.

     (e) Investments. Make, or permit any of its Subsidiaries to make, any Investment in
any Person unless each of the following conditions are satisfied: (i) at the time of making, and
after giving effect to, such Investment, no Event of Default shall have occurred and be continuing,
and (ii) if and to the extent such Investment relates to the purchase or acquisition of all of the
capital stock of, or all or substantially all of the assets of, such Person (A) such Person shall
be in substantially similar lines of business as the Parent and its Subsidiaries or businesses
reasonably related or complimentary thereto, (B) after giving effect to such Investment, the Parent
will, on a pro forma basis, be in compliance with the financial covenants set forth in Section
5.03, and (C) members of the board of directors of the Parent or investing Subsidiary prior to
such purchase or acquisition shall continue to constitute a majority of such members of such board
immediately following the effectiveness of such purchase or acquisition.

     (f) Change in Nature of Business. Make, or permit any of its Significant Subsidiaries
to make, any material change in the nature of its business as carried on at the date hereof.

     (g) Charter Amendments. Amend, or permit any of its Significant Subsidiaries to
amend, its certificate of incorporation or bylaws in a manner that has a Material Adverse Effect.

     (h) Accounting Changes. Make or permit, or permit any of its Significant Subsidiaries
to make or permit, any material change in accounting policies or reporting practices, except (i) as
required by Securities Laws, the Security Exchange Commission or generally accepted accounting
principles applicable to the Parent or such Significant Subsidiary, (ii) to adopt US GAAP (A) on or
before December 31, 2008 with respect to the Parent and its Subsidiaries on a consolidated basis
and (B) at any time with respect separately to any Significant Subsidiary of the Parent, or (iii)
any change by a Significant Subsidiary to International Financial Reporting Standards as may be
required by applicable regulatory authorities.

     (i) Limitations on Certain Restrictions on Subsidiaries. Enter into or suffer to
exist, or permit any of its Subsidiaries (other than any Special Purpose Subsidiary) to enter into
or suffer to exist, any agreement prohibiting, conditioning or limiting (i) the payment of
dividends

49

 

by any Subsidiary of the Parent, (ii) the payment of Debt of a Subsidiary of the Parent to the
Parent, the Borrower or other Subsidiaries of the Parent, (iii) the ability of any Subsidiary of
the Parent to guaranty Debt of the Borrower or the Parent, or (iv) the creation or assumption of
any Lien upon any of its material property or material assets, other than in each such case, (A)
under this Agreement and the other Loan Documents in favor of the Administrative Agent and the
Lenders and (in the case of clause (iv) immediately above) any other agreement that permits the
granting of Liens in favor of the Lenders, (B) in connection with any Existing Debt (including any
extensions or refinancing of any such Existing Debt), (C) restrictions contained in documents
governing Debt of a Person that is acquired by, and not merged with or into, the Parent or any
Subsidiary of the Parent, (D) as required by any law or regulation applicable to such Person or (E)
with respect to clause (iv) above only, with respect to purchase money liens, capital leases and
operating leases, but only as to the assets so purchased or leased.

     (j) Partnerships, Etc. Become a general partner in any general or limited partnership
or joint venture, or permit any of its Subsidiaries to do so, other than any Subsidiary the sole
assets of which consist of its interest in such partnership or joint venture.

     (k) Transactions with Affiliates. Conduct, or permit any of its Subsidiaries to
conduct, transactions with any of their Affiliates except in the ordinary course of business of and
pursuant to the reasonable requirements of the Parent’s, the Borrower’s or such Subsidiary’s
business and upon fair and reasonable terms that are no less favorable to the Parent, the Borrower
or such Subsidiary, as the case may be, than those which would be obtained in a comparable
arm’s-length transaction with a Person not an Affiliate; provided that the foregoing restrictions
shall not apply to

     (i) any transaction (A) between any Loan Parties, (B) between any Subsidiary of the
Parent that is not a Restricted Subsidiary and any other Subsidiary of the Parent that is
not a Restricted Subsidiary (C) between the Borrower and any of its Subsidiaries, (D)
between any Subsidiary Guarantor and any of its Subsidiaries, (E) with any Special Purpose
Subsidiary, and (F) between the Parent or any of its Subsidiaries and their respective
employees to make loans to such employees for purposes of exercising stock options of such
employees and paying tax liabilities of such employees associated therewith, provided that
the total of all such loans shall not exceed $25,000,000 in an aggregate principal amount at
any one time outstanding, and

     (ii) transactions between the Parent or any Subsidiary or other Investment Company
sponsored by the Parent or any Subsidiary or for which the Parent or any Subsidiary provides
advisory, administrative, supervisory, management, consulting, underwriting or similar
services, that are otherwise permissible under the Investment Company Act of 1940, the
Investment Advisers Act of 1940 and the applicable management contract.

     (l) Non-Guarantor Subsidiary Debt. Permit its Subsidiaries, other than the Borrower
and Subsidiaries that are Guarantors, collectively to incur Adjusted Debt in excess of $100,000,000
in aggregate principal amount at any one time outstanding; provided, however, that the foregoing
restriction shall not apply to any (i) Adjusted Debt of a Subsidiary (including any Person that
will be or become a Subsidiary) of the Parent that is incurred or assumed in

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connection with a transaction that is permitted pursuant to Section 5.02(e)(ii) or
(ii) Subsidiary Non-Recourse Debt.

     Section 5.03 Financial Covenants. So long as any Advance shall remain unpaid or any
Lender shall have any Commitment hereunder, the Parent will:

     (a) Debt/EBITDA Ratio. Maintain at the end of each fiscal quarter of the Parent a
Debt/EBITDA Ratio of not greater than 3.25:1.00.

     (b) Coverage Ratio. Maintain at the end of each fiscal quarter of the Parent a ratio
of EBITDA (excluding for purpose of this calculation of EBITDA only that portion of EBITDA
attributable to the net income, expenses, losses, charges and gains of each Special Purpose
Subsidiary) for the four consecutive fiscal quarters of the Parent ended on or immediately prior to
the date of determination to interest payable on, and amortization of debt discount in respect of,
Adjusted Debt (excluding from Adjusted Debt for purposes of this Section 5.03(b) (i)
Subsidiary Non-Recourse Debt and (ii) so long as the Parent and its Subsidiaries own 100% of the
Office Equipment Sale and Leaseback Bonds, liabilities with respect to the Office Equipment Sale
and Leaseback Lease, in each case to the extent otherwise included in Adjusted Debt) for such
period, of not less than 4.00:1.00.

ARTICLE VI

EVENTS OF DEFAULT

     Section 6.01 Events of Default. If any of the following events (“Events of
Default”) shall occur and be continuing:

     (a) The Borrower shall fail to pay any principal of any Advance when the same becomes due and
payable; or the Borrower shall fail to pay any interest on any Advance or make any other payment of
fees or other amounts payable under this Agreement or any Note within three Business Days after the
same becomes due and payable; or

     (b) Any representation or warranty made by the Parent, the Borrower or any Loan Party under
any Loan Document or by either of the Parent or the Borrower (or any of its respective officers) in
connection with any Loan Document shall prove to have been incorrect in any material respect when
made; or

     (c) (i) The Parent or the Borrower shall fail to perform or observe any term, covenant or
agreement contained in Section 5.01(d), (e) or (j), 5.02 or
5.03, or (ii) the Parent or the Borrower shall fail to perform or observe any other term,
covenant or agreement contained in this Agreement on its part to be performed or observed if such
failure shall remain unremedied for 30 days after written notice thereof shall have been given to
the Borrower by the Administrative Agent or any Lender; or

     (d) The Parent or any of its Subsidiaries shall fail to pay any principal of or premium or
interest on any Debt that is outstanding in a principal or notional amount of at least $50,000,000
(or the equivalent thereof in any other currencies) in the aggregate (but excluding Debt
outstanding hereunder) of the Parent or such Subsidiary (as the case may be), when the

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same becomes due and payable (whether by scheduled maturity, required prepayment,
acceleration, demand or otherwise), and such failure shall continue after the applicable grace
period, if any, specified in the agreement or instrument relating to such Debt; or any other event
shall occur or condition shall exist under any agreement or instrument relating to any such Debt
and shall continue after the applicable grace period, if any, specified in such agreement or
instrument, if the effect of such event or condition is to accelerate, or to permit the
acceleration of, the maturity of such Debt; or any such Debt shall be declared to be due and
payable, or required to be prepaid or redeemed, purchased or defeased, or an offer to prepay,
redeem, purchase or defease such Debt shall be required to be made, in each case prior to the
stated maturity thereof; or

     (e) The Parent or any of its Significant Subsidiaries or any Guarantor shall generally not pay
its debts as such debts become due, or shall admit in writing its inability to pay its debts
generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall
be instituted by or against the Parent or any of its Significant Subsidiaries or any Guarantor
seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up,
reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts
under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking
the entry of an order for relief or the appointment of a receiver, trustee, custodian or other
similar official for it or for any substantial part of its property and, in the case of any such
proceeding instituted against it (but not instituted by it), either such proceeding shall remain
undismissed or unstayed for a period of 45 days, or any of the actions sought in such proceeding
(including, without limitation, the entry of an order for relief against, or the appointment of a
receiver, trustee, custodian or other similar official for, it or for any substantial part of its
property) shall occur; or the Parent or any of its Significant Subsidiaries or any Guarantor shall
take any corporate action to authorize any of the actions set forth above in this subsection (e);
or

     (f) Any judgment or order for the payment of money in excess of $50,000,000 (or the equivalent
thereof in any other currencies) shall be rendered against the Parent or any of its Subsidiaries
and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment
or order or (ii) there shall be any period of 30 consecutive days during which a stay of
enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in
effect; provided, however, that any such judgment or order shall not be an Event of Default under
this Section 6.01(f) if and for so long as (i) the amount of such judgment or order in
excess of $50,000,000 (or the equivalent thereof in any other currencies) is covered by a valid and
binding policy of insurance between the defendant and the insurer covering payment thereof and (ii)
such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of, and has
not disputed the claim made for payment of, the amount of such excess amount; or

     (g) Any non-monetary judgment or order shall be rendered against the Parent or any of its
Subsidiaries that could be reasonably expected to have a Material Adverse Effect, and there shall
be any period of 30 consecutive days during which a stay of enforcement of such judgment or order,
by reason of a pending appeal or otherwise, shall not be in effect; or

     (h) (i) Any Person or two or more Persons acting in concert shall have acquired beneficial
ownership (within the meaning of Rule 13d-3 of the Securities and Exchange

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Commission under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock
of the Parent (or other securities convertible into such Voting Stock) representing 33% or more of
the combined voting power of all Voting Stock of the Parent; or (ii) during any period of up to 24
consecutive months, commencing after the date of this Agreement, individuals who at the beginning
of such 24-month period were directors of the Parent shall cease for any reason to constitute a
majority of the board of directors of the Parent; or

     (i) Any ERISA Event shall have occurred with respect to a Plan, or any Loan Party or any ERISA
Affiliate shall have incurred or be reasonably expected to incur liability under Section 4064 or
4069 of ERISA, and the sum (determined as of the date of occurrence of such ERISA Event) of the
Insufficiency of such Plan and the Insufficiency of any and all other Plans with respect to which
an ERISA Event shall have occurred and then exist (or the liability of the Loan Parties and the
ERISA Affiliates incurred or expected to be incurred with respect to Section 4064 or 4069 of ERISA
or related to such ERISA Event) exceeds $25,000,000; or

     (j) Any Loan Party or any ERISA Affiliate shall have been notified by the sponsor of a
Multiemployer Plan that it has incurred Withdrawal Liability to such Multiemployer Plan in an
amount that, when aggregated with all other amounts required to be paid to Multiemployer Plans by
the Loan Parties and the ERISA Affiliates as Withdrawal Liability (determined as of the date of
such notification), exceeds $25,000,000 or requires payments exceeding $5,000,000 per annum; or

     (k) Any Loan Party or any ERISA Affiliate shall have been notified by the sponsor of a
Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within
the meaning of Title IV of ERISA, and as a result of such reorganization or termination the
aggregate annual contributions of the Loan Parties and the ERISA Affiliates to all Multiemployer
Plans that are then in reorganization or being terminated have been or will be increased over the
amounts contributed to such Multiemployer Plans for the plan years of such Multiemployer Plans
immediately preceding the plan year in which such reorganization or termination occurs by an amount
exceeding $25,000,000;

     (l) Any governmental authority or regulatory body shall have enacted, issued, promulgated,
enforced or entered any law, rule, regulation, judgment, decree, injunction or other order (whether
temporary, preliminary or permanent) which is in effect and which prohibits, enjoins or otherwise
restricts the Parent or any of its Subsidiaries in a manner that has a Material Adverse Effect; or

     (m) Any material provision of either Guaranty shall for any reason cease to be valid and
binding on any applicable Guarantor or any Guarantor shall so state in writing, but in either case,
only if such event could reasonably be expected to have a Material Adverse Effect;

then, and in any such event, the Administrative Agent (i) shall at the request, or may with the
consent, of the Required Lenders, by notice to the Borrower, declare the obligation of each Lender
to make Advances to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at
the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare
the Advances and the Notes, all interest thereon and all other amounts payable under this Agreement
and the Notes to be forthwith due and payable and pursue all rights under

53

 

any Guaranty, whereupon the Advances and the Notes, all such interest and all such amounts shall
become and be forthwith due and payable, without presentment, demand, protest or further notice of
any kind, all of which are hereby expressly waived by the Borrower; provided, however, that in the
event of an actual or deemed entry of an order for relief with respect to the Parent or any
Significant Subsidiary or any Guarantor under the Bankruptcy Code of the United States, or any
other liquidation, conservatorship, bankruptcy, reorganization or other similar debtor relief laws
of the United States, the United Kingdom or Bermuda, (A) the obligation of each Lender to make
Advances shall automatically be terminated and (B) the Notes, all such interest and all such
amounts shall automatically become and be due and payable, without presentment, demand, protest or
any notice of any kind, all of which are hereby expressly waived by the Borrower.

     Section 6.02 Application of Funds. After the exercise of remedies provided for in
Section 6.01 (or after the Notes have automatically become immediately due and payable as
set forth in Section 6.01), any amounts received on account of the Notes, all interest
thereon and all other amounts payable under this Agreement (and with Advances, collectively
referred to in this Section 6.02 as the “Obligations”) shall be applied by the
Administrative Agent in the following order:

     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the
Administrative Agent and amounts payable under Article II) payable to the Administrative
Agent in its capacity as such;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Lenders (including fees,
charges and disbursements of counsel to the respective Lenders and amounts payable under
Article II), ratably among them in proportion to the respective amounts described in this
clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on any Swing Line Loans, payable only to the Swing Line Lender;

     Fourth, to payment of that portion of the Obligations constituting unpaid principal on
any Swing Line Loans, payable only to the Swing Line Lender;

     Fifth, to payment of that portion of the Obligations constituting accrued and unpaid
interest on any of the Advances (other than Swing Line Loans), payable to the Lenders, ratably
among them in proportion to the respective amounts described in this clause Fifth held by
them;

     Sixth, to payment of that portion of the Obligations constituting unpaid principal on
any of the Advances (other than Swing Line Loans), ratably among the Lenders in proportion to the
respective amounts described in this clause Sixth held by them;

     Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Borrower or as otherwise required by Law.

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ARTICLE VII

ADMINISTRATIVE AGENT

     Section 7.01 Appointment and Authority. Each of the Lenders hereby irrevocably
appoints Bank of America to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as are delegated to the Administrative Agent by the terms hereof or
thereof, together with such actions and powers as are reasonably incidental thereto. The
provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders,
and neither the Borrower, the Parent nor any other Loan Party shall have rights as a third party
beneficiary of any of such provisions.

     Section 7.02 Rights as a Lender. The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and
may exercise the same as though it were not the Administrative Agent and the term “Lender” or
“Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires,
include the Person serving as the Administrative Agent hereunder in its individual capacity. Such
Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or
in any other advisory capacity for and generally engage in any kind of business with the Parent,
the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the
Administrative Agent hereunder and without any duty to account therefor to the Lenders.

     Section 7.03 Exculpatory Provisions. The Administrative Agent shall not have any
duties or obligations except those expressly set forth herein and in the other Loan Documents.
Without limiting the generality of the foregoing, the Administrative Agent:

     (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a
Default has occurred and is continuing;

     (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan
Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Loan Documents), provided that the Administrative Agent shall not be
required to take any action that, in its opinion or the opinion of its counsel, may expose the
Administrative Agent to liability or that is contrary to any Loan Document or applicable law; and

     (c) shall not, except as expressly set forth herein and in the other Loan Documents, have any
duty to disclose, and shall not be liable for the failure to disclose, any information relating to
the Parent, the Borrower or any of its respective Affiliates that is communicated to or obtained by
the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

     The Administrative Agent shall not be liable for any action taken or not taken by it (i) with
the consent or at the request of the Required Lenders (or such other number or percentage

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of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Sections 8.01 and
8.02) or (ii) in the absence of its own gross negligence or willful misconduct, provided,
such limitation of liability of the Administrative Agent shall not prohibit or limit any cause of
action the Borrower may otherwise have against any Lender. The Administrative Agent shall be
deemed not to have knowledge of any Default unless and until notice describing such Default is
given to the Administrative Agent by the Borrower or a Lender.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document or (v) the
satisfaction of any condition set forth in Article III or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.

     Section 7.04 Reliance by Administrative Agent. The Administrative Agent shall be
entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing (including any electronic
message, Internet or intranet website posting or other distribution) reasonably believed by it to
be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and
reasonably believed by it to have been made by the proper Person, and shall not incur any liability
for relying thereon. In determining compliance with any condition hereunder to the making of a
Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent
may presume that such condition is satisfactory to such Lender unless the Administrative Agent
shall have received notice to the contrary from such Lender prior to the making of such Loan. The
Administrative Agent may consult with legal counsel (who may be counsel for the Parent or the
Borrower), independent accountants and other experts selected by it, and shall not be liable for
any action taken or not taken by it in good faith in accordance with the advice of any such
counsel, accountants or experts.

     Section 7.05 Delegation of Duties. The Administrative Agent may perform any and all
of its duties and exercise its rights and powers hereunder or under any other Loan Document by or
through any one or more sub agents appointed by the Administrative Agent. The Administrative Agent
and any such sub agent may perform any and all of its duties and exercise its rights and powers by
or through their respective Related Parties. The exculpatory provisions of this Article shall
apply to any such sub agent and to the Related Parties of the Administrative Agent and any such sub
agent, and shall apply to their respective activities in connection with the syndication of the
credit facilities provided for herein as well as activities as Administrative Agent.

     Section 7.06 Resignation of Administrative Agent. The Administrative Agent may at any
time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any

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such notice of resignation, the Required Lenders shall have the right, in consultation with
the Borrower so long as no Event of Default has occurred and is continuing, to appoint a successor,
which shall be a bank with an office in the United States, or an Affiliate of any such bank with an
office in the United States. If no such successor shall have been so appointed by the Required
Lenders and shall have accepted such appointment within 30 days after the retiring Administrative
Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the
Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above;
provided that if the Administrative Agent shall notify the Borrower and the Lenders that no
qualifying Person has accepted such appointment, then such resignation shall nonetheless become
effective in accordance with such notice and (1) the retiring Administrative Agent shall be
discharged from its duties and obligations hereunder and under the other Loan Documents and (2) all
payments, communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender directly, until such time as the
Required Lenders appoint a successor Administrative Agent as provided for above in this
Section; provided, such Lenders so acting directly shall be and be deemed to be protected
by all indemnities and other provisions herein for the benefit and protection of the Administrative
Agent as if each such Lender were itself the Administrative Agent. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its
duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Borrower to a
successor Administrative Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Borrower and such successor. After the retiring Administrative
Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article
and Section 8.04 shall continue in effect for the benefit of such retiring Administrative
Agent, its sub agents and their respective Related Parties in respect of any actions taken or
omitted to be taken by any of them while the retiring Administrative Agent was acting as
Administrative Agent.

     Any resignation by Bank of America as Administrative Agent pursuant to this Section
shall also constitute its resignation as Swing Line Lender. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become
vested with all of the rights, powers, privileges and duties of the retiring Swing Line Lender and
(b) the Swing Line Lender shall be discharged from all of its respective duties and obligations
hereunder or under the other Loan Documents.

     Section 7.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender
acknowledges that it has, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance upon the Administrative
Agent or any other Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement, any other Loan Document or any
related agreement or any document furnished hereunder or thereunder.

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     Section 7.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding,
none of the Arrangers listed on the cover page hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity,
as applicable, as the Administrative Agent or a Lender.

     Section 7.09 Administrative Agent May File Proofs of Claim. In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the principal of any Loan shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall
have made any demand on the Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise

     (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Advances and all other Obligations that are owing and unpaid and to file
such other documents as may be necessary or advisable in order to have the claims of the Lenders
and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents
and counsel, and all other amounts, due the Lenders and the Administrative Agent under Section
8.04) allowed in such judicial proceeding; and

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its
agents and counsel, and any other amounts due the Administrative Agent under Sections 2.04
and 8.04.

     Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement,
adjustment or composition affecting any amount owing by a Loan Party to a Lender or the
Administrative Agent or the rights of any Lender or to authorize the Administrative Agent to vote
in respect of the claim of any Lender in any such proceeding.

     Section 7.10 Guaranty Matters. The Lenders irrevocably authorize the Administrative
Agent, at its option and in its discretion, to release any Subsidiary Guarantor from its
obligations under the Subsidiary Guaranty if such Person ceases to be a Subsidiary of the Borrower
or a Subsidiary of the Parent as a result of a transaction permitted hereunder.

     Upon request by the Administrative Agent at any time, the Lenders shall promptly confirm in
writing the Administrative Agent’s authority to release any Guarantor from its obligations under
the Subsidiary Guaranty pursuant to this Section 7.10.

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ARTICLE VIII

MISCELLANEOUS

     Section 8.01 Amendments, Etc. No amendment or waiver of any provision of this
Agreement or any other Loan Document, and no consent to any departure by the Borrower or any other
Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the
Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative
Agent, and each such waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no such amendment, waiver or consent
shall:

     (a) waive any condition set forth in Section 3.01 without the written consent of each
Lender;

     (b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated)
or require any Lender to make Advances in any currency other than Dollars or Sterling without the
written consent of such Lender;

     (c) postpone any date fixed by this Agreement or any other Loan Document for any payment or
mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of
them) hereunder or under any other Loan Document without the written consent of each Lender
directly affected thereby;

     (d) reduce the principal of, or the rate of interest specified herein on any Advance, or
(subject to clause (iii) of the last proviso to this Section 8.01) any fees or other
amounts payable hereunder or under any other Loan Document without the written consent of each
Lender directly affected thereby; provided, however, that only the consent of the Required Lenders
shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the
Borrower to pay interest at the Default Rate;

     (e) change Section 2.15 or Section 6.02 in a manner that would alter the pro
rata sharing of payments required thereby without the written consent of each Lender;

     (f) change any provision of this Section or the definition of “Required Lenders” or
any other provision hereof specifying the number or percentage of Lenders required to amend, waive
or otherwise modify any rights hereunder or make any determination or grant any consent hereunder
without the written consent of each Lender; or

     (g) and except in connection with permitted asset sales under Section 5.02(d) and
other transactions permitted hereunder and in accordance with Section 7.10 hereof, release
any Guarantor from its Guaranty without the written consent of each Lender;

and, provided further, that (i) no amendment, waiver or consent shall, unless in writing and signed
by the Swing Line Lender in addition to the Lenders required above, affect the rights or duties of
the Swing Line Lender under this Agreement; (ii) no amendment, waiver or consent shall, unless in
writing and signed by the Administrative Agent in addition to the Lenders required above, affect
the rights or duties of the Administrative Agent under this Agreement or

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any other Loan Document; and (iii) the Fee Letter may be amended, or rights or privileges
thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to
the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be
increased or extended and no payment due such Lender may be reduced or extended without the consent
of such Lender.

     Section 8.02 Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b) below), all
notices and other communications provided for herein shall be in writing and shall be delivered by
hand or overnight courier service, mailed by certified or registered mail or sent by telecopier as
follows, and all notices and other communications expressly permitted hereunder to be given by
telephone shall be made to the applicable telephone number, as follows:

     (i) if to the Borrower, the Parent, the Administrative Agent or the Swing Line Lender,
to the address, telecopier number, electronic mail address(es) or telephone number specified
for such Person on Schedule 8.02; and

     (ii) if to any other Lender, to the address, telecopier number, electronic mail
address(es) or telephone number specified for such Lender’s Domestic Lending Office on
Schedule I.

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next Business Day for the recipient).
Notices delivered through electronic communications to the extent provided in subsection (b) below,
shall be effective as provided in such subsection (b).

     (b) Electronic Communications. Notices and other communications to the Lenders
hereunder, except for any notice of service of process under Section 8.12 or otherwise
which shall be given in writing only as provided by applicable law, may be delivered or furnished
by electronic communication (including e-mail and Internet or intranet websites) pursuant to
procedures approved by the Administrative Agent, provided that the foregoing shall not apply to
notices to any Lender pursuant to Article II. The Administrative Agent or the Borrower
may, in its discretion, agree to accept notices and other communications to it hereunder by
electronic communications pursuant to procedures approved by it, provided that approval of such
procedures may be limited to particular notices or communications.

     Unless the Administrative Agent otherwise prescribes, (i) notices and other communications
sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement
from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or other
communication is not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on the

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next business day for the recipient, and (ii) notices or communications posted to an Internet
or intranet website shall be deemed received upon the deemed receipt by the intended recipient at
its e-mail address as described in the foregoing clause (i) of notification that such notice or
communication is available and identifying the website address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR
THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE
BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its
Related Parties (collectively, the “Agent Parties”) have any liability to the Parent, the
Borrower, any Lender, or any other Person for losses, claims, damages, liabilities or expenses of
any kind (whether in tort, contract or otherwise) arising out of the Parent’s, the Borrower’s or
the Administrative Agent’s transmission of Borrower Materials through the Internet, except to the
extent that such losses, claims, damages, liabilities or expenses are determined by a court of
competent jurisdiction by a final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any
Agent Party have any liability to the Borrower, any Lender, or any other Person for indirect,
special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

     (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent, and the
Swing Line Lender may change its address, telecopier or telephone number for notices and other
communications hereunder by notice to the other parties hereto. Each other Lender may change its
address, telecopier or telephone number for notices and other communications hereunder by notice to
the Borrower, the Administrative Agent and the Swing Line Lender. In addition, each Lender agrees
to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on
record (i) an effective address, contact name, telephone number, telecopier number and electronic
mail address to which notices and other communications may be sent and (ii) accurate wire
instructions for such Lender.

     (e) Reliance by Administrative Agent and Lenders. The Administrative Agent and the
Lenders shall be entitled to rely and act upon any notices (including telephonic Notices of
Borrowing and Swing Line Loan Notices) that the Administrative Agent or such Lender reasonably
believes has been given by or on behalf of the Borrower even if (i) such notices were not made in a
manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. The Borrower shall indemnify the Administrative Agent, each Lender and the
Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the
reliance by such Person on each notice that the Administrative Agent, such Lender or such Related
Party reasonably believes has been given by or on behalf of the Borrower. All telephonic notices
to and other telephonic communications with the

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Administrative Agent may be recorded by the Administrative Agent, and each of the parties
hereto hereby consents to such recording.

     Section 8.03 No Waiver; Remedies. No failure on the part of any Lender or the
Administrative Agent to exercise, and no delay in exercising, any right, remedy, power or privilege
hereunder or under any Note shall operate as a waiver thereof; nor shall any single or partial
exercise of any such right, remedy, power or privilege preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies,
powers and privileges herein provided are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law.

     Section 8.04 Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The Borrower shall pay (i) all reasonable out of pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees,
charges and disbursements of counsel for the Administrative Agent), in connection with the
syndication of the credit facilities provided for herein, the preparation, negotiation, execution,
delivery and administration of this Agreement and the other Loan Documents or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated) and (ii) all out of pocket expenses incurred
by the Administrative Agent, any Lender (including the reasonable fees, charges and disbursements
of any counsel for the Administrative Agent and any Lender), in connection with the enforcement or
protection of its rights (A) in connection with this Agreement and the other Loan Documents,
including its rights under this Section, or (B) in connection with the Advances made or the
Notes issued hereunder, including all such out of pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Advances or Notes.

     (b) Indemnification by The Borrower. The Borrower agrees to indemnify and hold
harmless the Administrative Agent and each Lender and each of their Affiliates and each Related
Party of the foregoing Persons (each, an “Indemnified Party”) from and against (i) any and
all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable
fees, charges, disbursements and expenses of counsel for any Indemnified Party) that may be
incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in
connection with or by reason of (including, without limitation, in connection with any
investigation, litigation or proceeding or preparation of a defense in connection therewith) the
Notes, this Agreement, any other Loan Document, any of the transactions contemplated herein or
therein, the actual or proposed use of the proceeds of the Advances, or, in the case of the
Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration
of this Agreement and the other Loan Documents except to the extent such claim, damage, loss,
liability or expense resulted from such Indemnified Party’s gross negligence or willful misconduct.
In the case of an investigation, litigation or other proceeding to which the indemnity in this
Section 8.04(b) applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by the Borrower or any other Loan Party, its
respective directors, shareholders or creditors or an Indemnified Party or any other Person or any
Indemnified Party is otherwise a party thereto and whether or not the transactions contemplated
hereby are consummated.

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     (c) Other Costs. If any payment of principal of, or Conversion of, any Eurocurrency
Rate Advance is made (i) by the Borrower to or for the account of a Lender other than on the last
day of the Interest Period for such Advance, as a result of a payment or Conversion pursuant to
Section 2.08(c) or (d), 2.10 or 2.12, acceleration of the maturity
of the Notes pursuant to Section 6.01 or for any other reason, (ii) by an Eligible Assignee
to a Lender other than on the last day of the Interest Period for such Advance upon an assignment
of rights and obligations under this Agreement pursuant to Section 8.06 as a result of a
demand by the Borrower pursuant to Section 8.11, or (iii) as part of a distribution by the
Administrative Agent to a Lender as a result of a Commitment Increase pursuant to Section
2.05(c), the Borrower shall, upon demand by such Lender (with a copy of such demand to the
Administrative Agent), pay to the Administrative Agent for the account of such Lender any amounts
required to compensate such Lender for any additional losses, costs or expenses that it may
reasonably incur as a result of such payment or Conversion, including, without limitation, any loss
(excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or
reemployment of deposits or other funds acquired by any Lender to fund or maintain such Advance,
less the return such Lender reasonably expects to receive on its redeployment of funds.

     (d) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid
by it to the Administrative Agent (or any sub-agent thereof) or any Related Party thereof, each
Lender severally agrees to pay to the Administrative Agent (or any such sub-agent) or such Related
Party, as the case may be, such Lender’s Pro Rata Share (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided
that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as
the case may be, was incurred by or asserted against the Administrative Agent (or any such
sub-agent) or against any Related Party thereof acting for the Administrative Agent (or any such
sub-agent) in connection with such capacity. The obligations of the Lenders under this subsection
(d) are subject to the provisions of Section 2.02(e).

     (e) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no Loan Party shall assert, and each hereby waives, any claim against any
Indemnified Party, on any theory of liability, for special, indirect, consequential or punitive
damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result
of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the
transactions contemplated hereby or thereby, any Advance or the use of the proceeds thereof. No
Indemnified Party referred to in subsection (b) above shall be liable for any damages arising from
the use by unintended recipients of any information or other materials distributed by it through
telecommunications, electronic or other information transmission systems in connection with this
Agreement or the other Loan Documents or the transactions contemplated hereby or thereby except as
a result of such Indemnified Party’s gross negligence of willful misconduct.

     (f) Survival. Without prejudice to the survival of any other agreement of the
Borrower hereunder, the agreements and obligations of the Borrower contained in this
Section and Sections 2.11 and 2.14 herein shall survive the resignation of
the Administrative Agent, the replacement of any Lender, the termination of the Total Commitment
and the repayment,

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satisfaction or discharge of all the other obligations of the Borrower and any other Loan
Party in connection with any Loan Document.

     Section 8.05 Right of Set-off. Upon the occurrence and during the continuance of any
Event of Default, each Lender and each of its Affiliates is hereby authorized at any time and from
time to time, to the fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and other indebtedness
at any time owing by such Lender or such Affiliate to or for the credit or the account of the
Borrower against any and all of the obligations of the Borrower now or hereafter existing under
this Agreement and the Note held by such Lender, whether or not such Lender shall have made any
demand under this Agreement or such Note and although such obligations may be unmatured. Each
Lender agrees promptly to notify the Borrower after any such set-off and application, provided that
the failure to give such notice shall not affect the validity of such set-off and application. The
rights of each Lender and its Affiliates under this Section are in addition to other rights
and remedies (including, without limitation, other rights of set-off) that such Lender and its
Affiliates may have.

     Section 8.06 Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of the Administrative Agent and
each Lender (except by operation of law or to the extent permitted hereunder) and no Lender may
assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible
Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way
of participation in accordance with the provisions of subsection (d) of this Section, and
(iii) by way of pledge or assignment of a security interest subject to the restrictions of
subsection (f) of this Section (and any other attempted assignment or transfer by any party
hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby, Participants to the extent provided in subsection (d) of this
Section and, to the extent expressly contemplated hereby, the Related Parties of each of
the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by
reason of this Agreement.

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Advances (including for purposes of this subsection (b),
participations in Swing Line Loans) at the time owing to it); provided that

     (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Advances at the time owing to it or in the case of an assignment
to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the
aggregate amount of the Commitment (which for this purpose includes Advances outstanding
thereunder) or, if the Commitment is not then in effect, the principal outstanding balance
of the Advances of the assigning Lender subject to each such assignment, determined as of
the date the Assignment and Assumption with respect

64

 

to such assignment is delivered to the Administrative Agent or, if “Trade Date” is
specified in the Assignment and Assumption, as of the Trade Date, shall not be less than
$10,000,000 and increments of $1,000,000 in excess thereof unless each of the Administrative
Agent and, so long as no Event of Default has occurred and is continuing, the Borrower
otherwise consents (each such consent not to be unreasonably withheld or delayed); provided,
however, that concurrent assignments to members of an Assignee Group and concurrent
assignments from members of an Assignee Group to a single Eligible Assignee (or to an
Eligible Assignee and members of its Assignee Group) will be treated as a single assignment
for purposes of determining whether such minimum amount has been met;

     (ii) each partial assignment shall be made as an assignment of a proportionate part of
all the assigning Lender’s rights and obligations under this Agreement with respect to the
Advances or the Commitment assigned, except that this clause (ii) shall not apply to rights
of the Swing Line Lender in respect of Swing Line Loans;

     (iii) any assignment of a Commitment must be approved by the Administrative Agent and
the Swing Line Lender unless the Person that is the proposed assignee is itself a Lender,
provided that the approval of the Administrative Agent shall not be required in the case of
an assignment of a Commitment to an Affiliate of a Lender (in either case, whether or not
the proposed assignee would otherwise qualify as an Eligible Assignee), and provided further
that such approval shall not be unreasonably withheld or delayed; and

     (iv) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee in the
amount, if any, required as set forth in Schedule 8.06, and the Eligible Assignee,
if it shall not be a Lender, shall deliver to the Administrative Agent an administrative
questionnaire, and the Administrative Agent shall further deliver such administrative
questionnaire to the Borrower.

Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c)
of this Section, from and after the effective date specified in each Assignment and
Assumption, the Eligible Assignee thereunder shall be a party to this Agreement with respect to the
interest assigned and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement in addition to any rights and
obligations it may theretofore have as a Lender, and the assigning Lender thereunder shall, to the
extent of the interest assigned by such Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a
party hereto) but shall continue to be entitled to the benefits of Sections 2.11,
2.14, and 8.04 with respect to facts and circumstances occurring prior to the
effective date of such assignment. Upon request, the Borrower (at its expense) shall execute and
deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with subsection (d) of this Section.

65

 

     (c) Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrower, shall maintain at the Administrative Agent’s office a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Advances owing to each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent and
the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by the Borrower and the Lenders at any
reasonable time and from time to time upon reasonable prior notice.

     (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrower or the Administrative Agent, sell participations to any Person (other than a natural
person or the Parent, the Borrower or any of the Parent’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this
Agreement (including all or a portion of its Commitment and/or the Advances (including such
Lender’s participations in Swing Line Loans) owing to it); provided that (i) such Lender’s
obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement.

     Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such agreement
or instrument may provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification described in the first proviso to Section
8.01 that affects such Participant. Subject to subsection (e) of this Section, the
Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.11,
2.14 and 8.04 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to subsection (b) of this Section. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 8.05 as though
it were a Lender, provided such Participant agrees to be subject to Section 2.15 as though
it were a Lender.

     (e) Limitation upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 2.11 or 2.14 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the participation to such Participant is made with the Borrower’s prior written
consent. A Participant that would be a foreign Lender if it were a Lender shall not be entitled to
the benefits of Section 2.14 unless the Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower, to comply with
Section 2.14 as though it were a Lender.

     (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under its Note(s), if any) to
secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender

66

 

from any of its obligations hereunder or substitute any such pledgee or assignee for such
Lender as a party hereto.

     (g) Electronic Execution of Assignments. The words “execution,” “signed,”
“signature,” and words of like import in any Assignment and Assumption shall be deemed to include
electronic signatures or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a
paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act,
the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act.

     (h) Resignation as Swing Line Lender after Assignment. Notwithstanding anything to
the contrary contained herein, if at any time Bank of America assigns all of its Commitment and
Advances pursuant to subsection (b) above, Bank of America may, upon 30 days’ notice to the
Borrower and the Lenders, resign as Swing Line Lender. In the event of any such resignation, the
Borrower shall be entitled to appoint from among the Lenders a successor Swing Line Lender
hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall
affect the resignation of Bank of America as Swing Line Lender. If Bank of America resigns as
Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder
with respect to Swing Line Loans made by it and outstanding as of the effective date of such
resignation, including the right to require the Lenders to make Base Rate Advances or fund risk
participations in outstanding Swing Line Loans pursuant to Section 2.03(c). Upon the
appointment of a successor and acceptance of such appointment by the Swing Line Lender, such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring Swing Line Lender, as the case may be.

     Section 8.07 Treatment of Certain Information; Confidentiality. Each of the
Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its Affiliates and to its and its
Affiliates’ respective partners, directors, officers, employees, agents, advisors and
representatives (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority purporting to have
jurisdiction over it (including any self-regulatory authority, such as the National Association of
Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the
exercise of any remedies hereunder or under any other Loan Document or any action or proceeding
relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or
thereunder, (f) subject to an agreement containing provisions substantially the same as those of
this Section, to (i) any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to the
Borrower and its obligations, (g) with the consent of the Parent or the Borrower or (h) to the
extent such Information (x) becomes publicly available other than as a result of a breach of this
Section actually known to or caused by the disclosing party or (y) becomes available to the

67

 

Administrative Agent, any Lender, or any of their respective Affiliates on a nonconfidential
basis from a source other than the Parent or the Borrower.

     For purposes of this Section, “Information” means all information received
from the Parent, the Borrower or any Subsidiary of the Parent relating to the Parent, the Borrower
or any such Subsidiary or any of their respective businesses, other than any such information that
is available to the Administrative Agent or any Lender on a nonconfidential basis prior to
disclosure by the Parent, the Borrower or any such Subsidiary, provided that, in the case of
information received from the Parent, the Borrower or any such Subsidiary after the date hereof,
such information is clearly identified at the time of delivery as confidential. Any Person
required to maintain the confidentiality of Information as provided in this Section shall
be considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to
its own confidential information.

     Each of the Administrative Agent and the Lenders acknowledges that (a) the Information may
include material non-public information concerning the Parent, the Borrower or a Subsidiary of
either thereof, as the case may be, (b) it has developed compliance procedures regarding the use of
material non-public information and (c) it will handle such material non-public information in
accordance with applicable law, including Federal and state securities laws with respect to Lenders
subject to such laws and only to the extent such laws are applicable to such Lender.

     Section 8.08 Governing Law. This Agreement and the Notes shall be governed by, and
construed in accordance with, the laws of the State of New York.

     Section 8.09 Execution in Counterparts. This Agreement may be executed in any number
of counterparts and by different parties hereto 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. Delivery of an executed counterpart of a signature page to this Agreement by
telecopier shall be effective as delivery of a manually executed counterpart of this Agreement.

     Section 8.10 Survival of Representations and Warranties. All representations and
warranties made hereunder and in any other Loan Document or other document delivered pursuant
hereto or thereto or in connection herewith or therewith shall survive the execution and delivery
hereof and thereof. Such representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by the Administrative
Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any
Lender may have had notice or knowledge of any Default at the time of any Borrowing or any Advance,
and shall continue in full force and effect as long as any Advance or any other Obligation
hereunder shall remain unpaid or unsatisfied.

     Section 8.11 Replacement of Lenders. (i) If any Lender requests compensation under
Section 2.11, (ii) if the Borrower is required to pay any additional amount to any Lender
or any governmental authority for the account of any Lender pursuant to Section 2.14, (iii)
if any Lender is, or within 15 Business Days of such assignment or delegation was, a Defaulting

68

 

Lender, (iv) if any Lender is unable to make Eurocurrency Rate Advances pursuant to
Section 2.12, or (v) if any Lender shall fail to provide any consent, or consent to any
waiver or amendment, agreed to by the Required Lenders then the Borrower may, at its sole expense
and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign
and delegate, without recourse (in accordance with and subject to the restrictions contained in,
and consents required by, Section 8.06), all of its interests, rights and obligations under
this Agreement and the related Loan Documents to an assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment), provided that:

     (a) the Borrower shall have paid (or cause to be paid) to the Administrative Agent the
assignment fee specified in Section 8.06(b);

     (b) such Lender shall have received payment of an amount equal to the outstanding principal of
its Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder
and under the other Loan Documents (including any amounts under Section 8.04(c) from the
assignee (to the extent of such outstanding principal and accrued interest and fees) or the
Borrower (in the case of all other amounts);

     (c) in the case of any such assignment resulting from a claim for compensation under
Section 2.11 or payments required to be made pursuant to Section 2.14, such
assignment will result in a reduction in such compensation or payments thereafter;

     (d) such assignment does not conflict with applicable Laws;

     (e) no Default or Event of Default shall have occurred and be continuing; and

     (f) such parties to the assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption and the assignee shall deliver to the Administrative Agent an
administrative questionnaire.

     A Lender shall not be required to make any such assignment or delegation if, prior thereto, as
a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
require such assignment and delegation cease to apply.

     Section 8.12 Jurisdiction, Etc.

     (a) Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and
its property, to the nonexclusive jurisdiction of any New York State court or federal court of the
United States of America sitting in New York City, and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Agreement or the Notes, or for recognition
or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and
determined in any such New York State court or, to the extent permitted by law, in such federal
court. The Parent and the Borrower each hereby agree that service of process in any such action or
proceeding brought in any such New York State court or in such federal court may be made upon the
Parent or the Borrower c/o IVZ Inc. at its offices at 1315 Peachtree Street N.E., Suite 500,
Atlanta, Georgia 30309, Attention: General Counsel (the “Process Agent”), and hereby
further agrees that the failure of the Process Agent to give any

69

 

notice of any such service to the Parent or the Borrower, as applicable, shall not impair or
affect the validity of such service or of any judgment rendered in any action or proceeding based
thereon. Each of the parties hereto agrees that a final judgment in any such action or proceeding
shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. Nothing in this Agreement shall affect any right that any party may
otherwise have to bring any action or proceeding relating to this Agreement or the Notes in the
courts of any jurisdiction.

     (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, any objection that it may now or hereafter have to the laying
of venue of any suit, action or proceeding arising out of or relating to this Agreement or the
Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

     (c) To the extent that either the Parent or the Borrower has or hereafter may acquire any
immunity from the jurisdiction of any court or from any legal process (whether through service or
notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with
respect to itself or its property, each of the Parent and the Borrower hereby irrevocably waives
such immunity in respect of its obligations under this Agreement and the other Loan Documents.

     Section 8.13 Judgment.

     (a) Rate of Exchange. If, for the purpose of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or under the Notes in another currency into Dollars, the
parties hereto agree, to the fullest extent that they may effectively do so, that the rate of
exchange used shall be that at which, in accordance with normal banking procedures, the
Administrative Agent could purchase such other currency with Dollars in New York City, New York, at
the close of business on the Business Day immediately preceding the day on which final judgment is
given, together with any premiums and costs of exchange payable in connection with such purchase.

     (b) Indemnity. The obligation of the Borrower in respect of any sum due from it to
the Administrative Agent or any Lender hereunder or under any Note shall, notwithstanding any
judgment in a currency other than Dollars, be discharged only to the extent that on the Business
Day next succeeding receipt by the Administrative Agent or such Lender of any sum adjudged to be so
due in such other currency, the Administrative Agent or such Lender, as the case may be, may, in
accordance with normal banking procedures, purchase Dollars with such other currency. If the
Dollars so purchased are less than the sum originally due to the Administrative Agent or such
Lender in Dollars, the Borrower agrees, as a separate obligation and notwithstanding any such
judgment, to indemnify the Administrative Agent or such Lender against such loss, and if the
Dollars so purchased exceed the sum originally due to any the Administrative Agent or any Lender in
Dollars, the Administrative Agent or such Lender agrees to remit to the Borrower such excess.

70

 

     Section 8.14 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY
LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     Section 8.15 USA PATRIOT Act Notice. Each Lender that is subject to the Act (as
hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender)
hereby notifies the Borrower and the Parent that pursuant to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is
required to obtain, verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will allow such Lender or
the Administrative Agent, as applicable, to identify the Borrower in accordance with the Act.

     Section 8.16 Consent to Reorganization. The Lenders and the Administrative Agent
hereby consent to the Reorganization.

71

 

     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.

	 	 	 	 	 	 	 	 	 
	 	 	INVESCO PLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

	 	 	 	 	 	 	 	 	 
	 	 	INVESCO LTD.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-1

 

	 	 	 	 	 	 	 	 	 
	 	 	ADMINISTRATIVE AGENT:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Administrative Agent	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-2

 

	 	 	 	 	 	 	 	 	 
	 	 	LENDERS:	 	 
	 
	 	 	 	 	 	 	 	 
	$95,000,000.00	 	BANK OF AMERICA, N.A., as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-3

 

	 	 	 	 	 	 	 	 	 
	$95,000,000.00	 	CITIBANK N.A., as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-4

 

	 	 	 	 	 	 	 	 	 
	$85,000,000.00	 	HSBC BANK USA,

NATIONAL ASSOCIATION, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-5

 

	 	 	 	 	 	 	 	 	 
	$85,000,000.00	 	JPMORGAN CHASE BANK, N.A., as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-6

 

	 	 	 	 	 	 	 	 	 
	$85,000,000.00	 	WACHOVIA BANK, NATIONAL

ASSOCIATION, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-7

 

	 	 	 	 	 	 	 	 	 
	$65,000,000.00	 	DEUTSCHE BANK AG, NEW YORK
 BRANCH, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-8

 

	 	 	 	 	 	 	 	 	 
	$65,000,000.00	 	SUNTRUST BANK ATLANTA, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-9

 

	 	 	 	 	 	 	 	 	 
	$55,000,000.00	 	CIBC INC., as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-10

 

	 	 	 	 	 	 	 	 	 
	$55,000,000.00	 	ROYAL BANK OF CANADA EUROPE

LIMITED, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-11

 

	 	 	 	 	 	 	 	 	 
	$43,000,000.00	 	THE BANK OF NEW YORK, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-12

 

	 	 	 	 	 	 	 	 	 
	$43,000,000.00	 	BARCLAYS BANK PLC, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-13

 

	 	 	 	 	 	 	 	 	 
	$43,000,000.00	 	BNP PARIBAS, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-14

 

	 	 	 	 	 	 	 	 	 
	$43,000,000.00	 	STATE STREET BANK AND TRUST 
COMPANY, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-15

 

	 	 	 	 	 	 	 	 	 
	$43,000,000.00	 	THE TORONTO-DOMINION BANK, as a Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

S-16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00137-of-00352.parquet"}]]