Document:

Exhibit 10.34

EXHIBIT 10.34

EXHIBIT A

AMENDED AND RESTATED CREDIT AGREEMENT

dated as of March 11, 2011

among

ALION SCIENCE AND TECHNOLOGY CORPORATION,

THE LENDERS PARTY HERETO

and

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Administrative Agent

CREDIT SUISSE SECURITIES (USA) LLC,

as Sole Bookrunner and Sole Lead Arranger

[CS&M Ref No. 5865-696]

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I

	 
	 	 	 	 
	Definitions

	 
	 	 	 	 
	SECTION 1.01. Defined Terms
	 	 	2	 
	SECTION 1.02. Terms Generally
	 	 	24	 
	SECTION 1.03. Pro Forma Calculations
	 	 	24	 
	SECTION 1.04. Classification of Loans and Borrowings
	 	 	25	 
	 
	 	 	 	 
	ARTICLE II

 
	The Credits

	 
	 	 	 	 
	SECTION 2.01. Commitments
	 	 	25	 
	SECTION 2.02. Loans
	 	 	25	 
	SECTION 2.03. Borrowing Procedure
	 	 	26	 
	SECTION 2.04. Evidence of Debt; Repayment of Loans
	 	 	27	 
	SECTION 2.05. Fees
	 	 	28	 
	SECTION 2.06. Interest on Loans
	 	 	29	 
	SECTION 2.07. Default Interest
	 	 	29	 
	SECTION 2.08. Alternate Rate of Interest
	 	 	29	 
	SECTION 2.09. Termination and Reduction of Commitments
	 	 	30	 
	SECTION 2.10. Conversion and Continuation of Borrowings
	 	 	30	 
	SECTION 2.11. Optional Prepayment
	 	 	32	 
	SECTION 2.12. Mandatory Prepayments
	 	 	32	 
	SECTION 2.13. Reserve Requirements; Change in Circumstances
	 	 	33	 
	SECTION 2.14. Change in Legality
	 	 	34	 
	SECTION 2.15. Indemnity
	 	 	35	 
	SECTION 2.16. Pro Rata Treatment
	 	 	35	 
	SECTION 2.17. Sharing of Setoffs
	 	 	36	 
	SECTION 2.18. Payments
	 	 	36	 
	SECTION 2.19. Taxes
	 	 	37	 
	SECTION 2.20. Assignment of Commitments Under Certain Circumstances; Duty to Mitigate
	 	 	39	 
	SECTION 2.21. Swingline Loans
	 	 	41	 
	SECTION 2.22. Letters of Credit
	 	 	42	 
	SECTION 2.23. Incremental Commitments
	 	 	47	 
	 
	 	 	 	 
	ARTICLE III

	 
	 	 	 	 
	Representations and Warranties

	 
	 	 	 	 
	SECTION 3.01. Organization; Powers
	 	 	49	 
	SECTION 3.02. Authorization
	 	 	49	 
	SECTION 3.03. Enforceability
	 	 	49	 
	SECTION 3.04. Governmental Approvals
	 	 	50	 
	SECTION 3.05. Financial Statements
	 	 	50	 
	SECTION 3.06. No Material Adverse Change
	 	 	50	 
	SECTION 3.07. Title to Properties; Possession Under Leases
	 	 	51	 

 

i

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	SECTION 3.08. Subsidiaries
	 	 	51	 
	SECTION 3.09. Litigation; Compliance with Laws
	 	 	51	 
	SECTION 3.10. Agreements
	 	 	52	 
	SECTION 3.11. Federal Reserve Regulations
	 	 	52	 
	SECTION 3.12. Investment Company Act
	 	 	52	 
	SECTION 3.13. Use of Proceeds
	 	 	52	 
	SECTION 3.14. Tax Returns
	 	 	52	 
	SECTION 3.15. No Material Misstatements
	 	 	53	 
	SECTION 3.16. Employee Benefit Plans
	 	 	53	 
	SECTION 3.17. Environmental Matters
	 	 	53	 
	SECTION 3.18. Insurance
	 	 	53	 
	SECTION 3.19. Security Documents
	 	 	54	 
	SECTION 3.20. Location of Real Property and Leased Premises
	 	 	54	 
	SECTION 3.21. Labor Matters
	 	 	54	 
	SECTION 3.22. Solvency
	 	 	55	 
	SECTION 3.23. ESOP
	 	 	55	 
	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	Conditions of Lending

	 
	 	 	 	 
	SECTION 4.01. All Credit Events
	 	 	57	 
	SECTION 4.02. Restatement Effective Date
	 	 	57	 
	 
	 	 	 	 
	ARTICLE V

	 
	 	 	 	 
	Affirmative Covenants
	 
	 	 	 	 
	SECTION 5.01. Existence; Businesses and Properties
	 	 	59	 
	SECTION 5.02. Insurance
	 	 	60	 
	SECTION 5.03. Obligations and Taxes
	 	 	60	 
	SECTION 5.04. Financial Statements, Reports, etc.
	 	 	61	 
	SECTION 5.05. Litigation and Other Notices
	 	 	63	 
	SECTION 5.06. Information Regarding Collateral
	 	 	64	 
	SECTION 5.07. Maintaining Records; Access to Properties and Inspections
	 	 	64	 
	SECTION 5.08. Use of Proceeds
	 	 	64	 
	SECTION 5.09. Further Assurances
	 	 	65	 
	 
	 	 	 	 
	ARTICLE VI

	 
	 	 	 	 
	Negative Covenants

	 
	 	 	 	 
	SECTION 6.01. Indebtedness
	 	 	66	 
	SECTION 6.02. Liens
	 	 	68	 
	SECTION 6.03. Sale and Lease-Back Transactions
	 	 	70	 
	SECTION 6.04. Investments, Loans and Advances
	 	 	70	 
	SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions
	 	 	72	 
	SECTION 6.06. Restricted Payments; Restrictive Agreements
	 	 	72	 
	SECTION 6.07. Transactions with Affiliates
	 	 	73	 
	SECTION 6.08. Business of the Borrower and Subsidiaries
	 	 	73	 
	SECTION 6.09. Other Indebtedness and Agreements
	 	 	73	 

 

ii

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	SECTION 6.10. Assets as Plan Assets
	 	 	74	 
	SECTION 6.11. Prohibited Transaction
	 	 	74	 
	SECTION 6.12. Maximum Capital Expenditures
	 	 	74	 
	SECTION 6.13. Minimum Consolidated EBITDA
	 	 	74	 
	SECTION 6.14. Fiscal Year
	 	 	74	 
	SECTION 6.15. Earn-Out Obligations
	 	 	74	 
	 
	 	 	 	 
	ARTICLE VII

	 
	 	 	 	 
	Events of Default

	 
	 	 	 	 
	ARTICLE VIII

	 
	 	 	 	 
	The Administrative Agent and the Collateral Agent

	 
	 	 	 	 
	ARTICLE IX

	 
	 	 	 	 
	Miscellaneous

	 
	 	 	 	 
	SECTION 9.01. Notices; Electronic Communications
	 	 	82	 
	SECTION 9.02. Survival of Agreement
	 	 	84	 
	SECTION 9.03. Binding Effect
	 	 	85	 
	SECTION 9.04. Successors and Assigns
	 	 	85	 
	SECTION 9.05. Expenses; Indemnity
	 	 	90	 
	SECTION 9.06. Right of Setoff
	 	 	91	 
	SECTION 9.07. Applicable Law
	 	 	91	 
	SECTION 9.08. Waivers; Amendment
	 	 	92	 
	SECTION 9.09. Interest Rate Limitation
	 	 	93	 
	SECTION 9.10. Entire Agreement
	 	 	93	 
	SECTION 9.11. WAIVER OF JURY TRIAL
	 	 	93	 
	SECTION 9.12. Severability
	 	 	94	 
	SECTION 9.13. [INTENTIONALLY OMITTED]
	 	 	94	 
	SECTION 9.14. Headings
	 	 	94	 
	SECTION 9.15. Jurisdiction; Consent to Service of Process
	 	 	94	 
	SECTION 9.16. Confidentiality
	 	 	95	 
	SECTION 9.17. Lender Action
	 	 	96	 
	SECTION 9.18. USA PATRIOT Act Notice
	 	 	96	 
	SECTION 9.19. Application of Proceeds
	 	 	96	 

 

iii

 

	 	 	 	 	 
	SCHEDULES	 	 	 	 
	 	 
	Schedule 1.01(a)

	 	—
	 	ESOP Plan Documents
	Schedule 1.01(b)

	 	—
	 	Subsidiary Guarantors
	Schedule 1.01(c)

	 	—
	 	Existing Letters of Credit
	Schedule 2.01

	 	—
	 	Lenders and Commitments
	Schedule 3.04(b)

	 	—
	 	Material Contracts
	Schedule 3.08(a)

	 	—
	 	Subsidiaries
	Schedule 3.08(b)

	 	 	 	Insignificant Subsidiaries
	Schedule 3.09

	 	—
	 	Material Litigation
	Schedule 3.17

	 	—
	 	Material Environmental Matters
	Schedule 3.18

	 	—
	 	Insurance
	Schedule 3.19(a)

	 	—
	 	UCC Filing Offices
	Schedule 3.20(a)

	 	—
	 	Owned Real Property
	Schedule 3.20(b)

	 	—
	 	Leased Real Property
	Schedule 3.23

	 	—
	 	Certain ESOP Plan Documents Exceptions
	Schedule 6.01

	 	—
	 	Indebtedness Existing on the Closing Date
	Schedule 6.02

	 	—
	 	Liens Existing on the Closing Date
	Schedule 6.04

	 	—
	 	Investments Existing on the Closing Date

	 	 	 	 	 
	EXHIBITS	 	 	 	 
	 	 
	Exhibit A

	 	—
	 	Form of Administrative Questionnaire
	Exhibit B

	 	—
	 	Form of Assignment and Acceptance
	Exhibit C

	 	—
	 	Form of Borrowing Request
	Exhibit D

	 	—
	 	Form of Guarantee Agreement
	Exhibit E

	 	—
	 	Form of Security Agreement
	Exhibit F

	 	—
	 	Form of Notice of Conversion/Continuation
	Exhibit G

	 	—
	 	Form of Notice of Prepayment
	Exhibit H

	 	—
	 	Form of Opinion of Holland & Knight LLP
	Exhibit I-1

	 	—
	 	Form of Revolving Promissory Note
	Exhibit I-2

	 	—
	 	Form of Incremental Term Note
	Exhibit J

	 	—
	 	Form of Intercreditor Agreement

 

iv

 

AMENDED AND RESTATED CREDIT AGREEMENT dated as of March 11, 2011,
among ALION SCIENCE AND TECHNOLOGY CORPORATION, a Delaware corporation
(the “Borrower”), the LENDERS (as defined in Article I) and CREDIT SUISSE
AG, CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity,
including any successor thereto, the “Administrative Agent”) for the
Lenders.

The Borrower, the Administrative Agent and certain lenders party thereto (the “Original
Lenders”) have previously entered into the Existing Credit Agreement (such term, and each other
capitalized term used but not defined in this introductory statement having the meaning assigned
thereto in Article I), under which (a) the Original Lenders agreed to extend credit in the form of
Revolving Loans at any time and from time to time prior to the Maturity Date, in an aggregate
principal amount at any time outstanding not in excess of $25,000,000, (b) the Swingline Lender
agreed to extend credit, at any time and from time to time prior to the Maturity Date, in the form
of Swingline Loans, in an aggregate principal amount at any time outstanding not in excess of
$5,000,000, and (c) the Issuing Bank agreed to issue Letters of Credit, in an aggregate face amount
at any time outstanding not in excess of $10,000,000.

The Borrower has requested (a) Incremental Commitments pursuant to Section 2.23 in the form of
Revolving Credit Commitments in the aggregate principal amount of $10,000,000, and (b) that the
Issuing Bank agree to increase the L/C Commitment to $35,000,000.

The proceeds of the Loans are to be used solely for ongoing working capital needs and other
general corporate purposes, including to finance Permitted Acquisitions. The Letters of Credit
will be used solely to support payment obligations incurred in the ordinary course of business by
the Borrower and the Subsidiaries.

The Incremental Lender (as defined in the Incremental Assumption and Amendment Agreement) is
willing to provide the Incremental Commitments to the Borrower for the purposes set forth above,
and the Issuing Bank is willing to increase the aggregate face amount of Letters of Credit that may
be outstanding at anytime hereunder, in each case subject to the terms and conditions set forth
herein.

The Borrower, the Lenders and the Incremental Lender desire to amend and restate the Existing
Credit Agreement in the form hereof to, among other things, provide for the Incremental Commitments
and increase the L/C Commitment of the Issuing Bank.

The amendment and restatement of the Existing Credit Agreement evidenced by this Agreement
shall become effective as provided in the Incremental Assumption and Amendment Agreement; provided,
however, that if the Restatement Effective Date does not occur on or before March 11, 2011, then
this Agreement shall be of no force and effect and the Existing Credit Agreement shall continue in
full force and effect.

 

 

 

Accordingly, the parties hereto agree as follows:

ARTICLE I

Definitions

SECTION 1.01. Defined Terms. As used in this Agreement, the following terms shall have the
meanings specified below:

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the
Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the
Alternate Base Rate.

“Acquired Entity” shall have the meaning assigned to such term in Section 6.04(g).

“Adjusted LIBO Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest
Period, an interest rate per annum equal to the greater of (a) 2.50% per annum and (b) the product
of (i) the LIBO Rate in effect for such Interest Period and (ii) Statutory Reserves.

“Administrative Agent” shall have the meaning assigned to such term in introductory statement
to this Agreement.

“Administrative Agent Fees” shall have the meaning assigned to such term in Section 2.05(b).

“Administrative Questionnaire” shall mean an Administrative Questionnaire in the form of
Exhibit A, or such other form as may be supplied from time to time by the Administrative Agent.

“Affiliate” shall mean, when used with respect to a specified person, another person that
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is
under common Control with the person specified; provided, however, that, for purposes of Section
6.07, the term “Affiliate” shall also include any person that directly or indirectly owns 5% or
more of any class of Equity Interests of the person specified or that is an officer or director of
the person specified.

“Agents” shall have the meaning assigned to such term in Article VIII.

“Agreement” shall mean this Credit Agreement, as it may be amended, restated, supplemented or
otherwise modified from time to time, including the Schedules and Exhibits hereto.

 

2

 

“Alternate Base Rate” shall mean, for any day, a rate per annum equal to the greatest of (a)
the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day
plus 1/2 of 1% and (c) the Adjusted LIBO Rate on such day for a one-month Interest Period
commencing on such day plus 1%. If the Administrative Agent shall have determined (which
determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal
Funds Effective Rate or the Adjusted LIBO
Rate for any reason, including the inability or failure of the Administrative Agent to obtain
sufficient quotations in accordance with the terms of the definition of Federal Funds Effective
Rate, the Alternate Base Rate shall be determined without regard to clause (b) or clause (c), as
applicable, of the preceding sentence until the circumstances giving rise to such inability no
longer exist. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal
Funds Effective Rate or the Adjusted LIBO Rate shall be effective on the effective date of such
change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, as the case
may be.

“Applicable Percentage” shall mean, for any day, (a) with respect to any Eurodollar Loan,
6.00%, and (b) with respect to any ABR Loan (including any Swingline Loan), 5.00%.

“Arranger” shall mean Credit Suisse Securities (USA) LLC.

“Asset Sale” shall mean the sale, transfer or other disposition (including by way of merger,
amalgamation, casualty, condemnation or otherwise) by the Borrower or any of the Subsidiaries to
any person other than the Borrower or any Subsidiary Guarantor of (a) any Equity Interests of any
of the Subsidiaries (other than directors’ qualifying shares) or (b) any other assets of the
Borrower or any of the Subsidiaries (other than (i) inventory, damaged, obsolete or worn out
assets, scrap and Permitted Investments, in each case disposed of in the ordinary course of
business, (ii) non-exclusive licenses of intellectual property and sale or discount of overdue
accounts receivable in connection with collections, in each case made in the ordinary course of
business, and (iii) dispositions between or among Foreign Subsidiaries); provided that any
transaction or series of related transactions described in clause (b) above having a value not in
excess of $350,000 shall be deemed not to be an “Asset Sale” for purposes of this Agreement.

“Assignment and Acceptance” shall mean an assignment and acceptance entered into by a Lender
and an assignee, and accepted by the Administrative Agent, in the form of Exhibit B or such other
form as shall be approved by the Administrative Agent.

“Assignment of Claims Act” shall mean the Assignment of Claims Act of 1940, as amended from
time to time.

“Bank Obligations” shall mean (a) the Loan Document Obligations and (b) the due and punctual
payment and performance of all obligations of each Loan Party under each Hedging Agreement that (i)
is in effect on the Closing Date with a counterparty that is a Lender or an Affiliate of a Lender
as of the Closing Date or (ii) is entered into after the Closing Date with any counterparty that is
a Lender or an Affiliate of a Lender at the time such Hedging Agreement is entered into.

“Bank Secured Parties” shall mean (a) the Lenders, (b) the Administrative Agent, (c) each
Issuing Bank, (d) each counterparty to any Hedging Agreement with a Loan Party that (i) is in
effect on the Closing Date if such counterparty is a Lender or an Affiliate of a Lender as of the
Closing Date or (ii) is entered into after the Closing Date if such counterparty is a Lender or an
Affiliate of a Lender at the time such Hedging
Agreement is entered into, (e) the beneficiaries of each indemnification obligation undertaken
by any Loan Party under any Loan Document and (f) the successors and permitted assigns of each of
the foregoing.

 

3

 

“Board” shall mean the Board of Governors of the Federal Reserve System of the United States
of America.

“Borrower” shall have the meaning assigned to such term in the introductory statement to this
Agreement.

“Borrowing” shall mean (a) Loans of the same Class and Type made, converted or continued on
the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in
effect, or (b) a Swingline Loan.

“Borrowing Request” shall mean a request by the Borrower in accordance with the terms of
Section 2.03 and substantially in the form of Exhibit C, or such other form as shall be approved by
the Administrative Agent.

“Business Day” shall mean any day other than a Saturday, Sunday or day on which banks in New
York City are authorized or required by law to close; provided, however, that when used in
connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which
banks are not open for dealings in dollar deposits in the London interbank market.

“Capital Expenditures” shall mean, for any period, without duplication, (a) the additions to
property, plant and equipment and other capital expenditures of the Borrower and its consolidated
Subsidiaries that are (or should be) set forth in a consolidated statement of cash flows of the
Borrower for such period prepared in accordance with GAAP and (b) Capital Lease Obligations or
Synthetic Lease Obligations incurred by the Borrower and its consolidated Subsidiaries during such
period, but excluding in each case any such expenditure made to restore, replace or rebuild
property to the condition of such property immediately prior to any damage, loss, destruction or
condemnation of such property, to the extent such expenditure is made with insurance proceeds,
condemnation awards or damage recovery proceeds relating to any such damage, loss, destruction or
condemnation.

“Capital Lease Obligations” of any person shall mean the obligations of such person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such person under GAAP, and the amount of
such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

 

4

 

A “Change in Control” shall be deemed to have occurred if (a) prior to a Qualified Public
Offering, the ESOT shall fail to own, directly or indirectly, beneficially and of record, shares
representing at least 51% of each of the aggregate ordinary voting power and aggregate equity value
represented by the issued and outstanding Equity Interests of the Borrower, (b) after a Qualified
Public Offering, any “person” or “group”
(within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and
Exchange Commission thereunder as in effect on the date hereof) other than the ESOT becomes,
directly or indirectly, the beneficial owner of Equity Interests in the Borrower representing more
than 37.5% of the aggregate ordinary voting power represented by the issued and outstanding Equity
Interests of the Borrower, (c) a majority of the seats (other than vacant seats) on the board of
directors of the Borrower shall at any time be occupied by persons who were neither (i) nominated
by the board of directors of the Borrower nor (ii) appointed by directors so nominated, or (d) any
change in control (or similar event, however denominated) with respect to the Borrower shall occur
under and as defined in the Senior Secured Notes Indenture or any other indenture or agreement in
respect of Material Indebtedness to which the Borrower or any Subsidiary is a party.

“Change in Law” shall mean (a) the adoption of any law, rule or regulation after the Closing
Date, (b) any change in any law, rule or regulation or in the interpretation or application thereof
by any Governmental Authority after the Closing Date or (c) compliance by any Lender or the Issuing
Bank (or, for purposes of Section 2.13, by any lending office of such Lender or by such Lender’s or
Issuing Bank’s holding company, if any) with any request, guideline or directive (whether or not
having the force of law) of any Governmental Authority made or issued after the Closing Date.

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the
Loans comprising such Borrowing, are Revolving Loans, Incremental Term Loans or Swingline Loans
and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving
Credit Commitment, a Swingline Commitment or an Incremental Term Commitment.

“Closing Date” shall mean March 22, 2010.

“Code” shall mean the Internal Revenue Code of 1986, as amended from time to time.

“Collateral” shall mean all the “Collateral” as defined in any Security Document.

“Collateral Agent” shall mean Wilmington Trust Company, in its capacity as collateral agent
under the Security Documents, and any successor thereto.

“Commitment” shall mean, with respect to any Lender, such Lender’s Revolving Credit
Commitment, Swingline Commitment and/or Incremental Commitment.

“Commitment Fee” shall have the meaning assigned to such term in Section 2.05(a).

 

5

 

“Consolidated EBITDA” shall mean, for any period, Consolidated Net Income for such period
plus (a) without duplication and to the extent deducted in determining such Consolidated
Net Income, the sum of (i) consolidated interest expense for such period, (ii) consolidated income
tax expense for such period, (iii) all amounts attributable to depreciation and amortization,
including amortization of goodwill and other intangible
assets, for such period, (iv) cash contributions to the ESOP during such period in respect of
the repurchase liability of the Borrower under the ESOP Plan Documents, (v) any non-cash charges or
expenses (other than the write-down of current assets) for such period, including (A) non-cash
expenses associated with the recognition of the difference between the fair market value of the
Warrants and the exercise price of such Warrants, (B) non-cash expenses with respect to stock
appreciation rights, phantom stock plans, the Warrants and accretion of the Warrants and (C)
non-cash contributions to the ESOP, (vi) any extraordinary losses for such period and (vii) any
non-recurring charges and adjustments for such period treated as such by the independent
third-party valuation firm that prepares valuation reports in connection with the ESOP and
minus (b) without duplication (i) all cash payments made during such period on account of
reserves, restructuring charges and other non-cash charges added to Consolidated Net Income
pursuant to clause (a)(v) above in a previous period and (ii) to the extent included in determining
such Consolidated Net Income, any extraordinary gains and all non-cash items of income for such
period, all determined on a consolidated basis in accordance with GAAP.

“Consolidated Net Income” shall mean, for any period, the net income or loss of the Borrower
and the Subsidiaries for such period determined on a consolidated basis in accordance with GAAP;
provided that there shall be excluded (a) the income of any Subsidiary to the extent that the
declaration or payment of dividends or similar distributions by the Subsidiary of that income is
not at the time permitted by operation of the terms of its charter or any agreement, instrument,
judgment, decree, statute, rule or governmental regulation applicable to such Subsidiary, (b) the
income or loss of any person accrued prior to the date it becomes a Subsidiary or is merged into or
consolidated with the Borrower or any Subsidiary or the date that such person’s assets are acquired
by the Borrower or any Subsidiary, (c) any gains or losses attributable to sales of assets out of
the ordinary course of business and the transaction costs in connection with such sales and (d) any
income or loss attributable to the early extinguishment of Indebtedness.

“Control” shall mean the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a person, whether through the ownership of voting
securities, by contract or otherwise, and the terms “Controlling” and “Controlled” shall have
meanings correlative thereto.

“Controlled Group” shall mean the group consisting of (a) any corporation which is a member of
the same controlled group of corporations (within the meaning of Section 414(b) of the Code) as the
Borrower, (b) a partnership or other trade or business (whether or not incorporated) which is under
common control (within the meaning of Section 414(c) of the Code) with the Borrower, and (c) a
member of the same affiliated service group (within the meaning of Section 414(m) of the Code) as
the Borrower, any corporation described in clause (a) above or any partnership or trade or business
described in clause (b) above.

“Credit Event” shall have the meaning assigned to such term in Section 4.01.

 

6

 

“Credit Facility” shall mean the revolving credit facility provided for by this Agreement.

“Default” shall mean any event or condition which upon notice, lapse of time or both would
constitute an Event of Default.

“Defaulting Lender” shall mean any Revolving Credit Lender as determined by the Administrative
Agent, that has (a) failed to fund any portion of its Revolving Loans or participations in Letters
of Credit within three Business Days of the date required to be funded by it hereunder, (b)
notified any Borrower, the Administrative Agent, the Issuing Bank or any Lender in writing that it
does not intend to comply with any of its funding obligations under this Agreement or has made a
public statement to the effect that it does not intend to comply with its funding obligations under
this Agreement or under other agreements in which it commits to extend credit, (c) failed, within
three Business Days after request by the Administrative Agent, to confirm that it will comply with
the terms of this Agreement relating to its obligations to fund prospective Loans and
participations in then outstanding Letters of Credit, (d) otherwise failed to pay over to the
Administrative Agent or any other Lender any other amount required to be paid by it hereunder
within three Business Days of the date when due, unless the subject of a good faith dispute, or (e)
(i) become or is insolvent or has a parent company that has become or is insolvent or (ii) become
the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee,
custodian or similar entity appointed for it, or has taken any action in furtherance of, or
indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has
a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a
receiver, conservator, trustee, custodian or similar entity appointed for it, or has taken any
action in furtherance of, or indicating its consent to, approval of or acquiescence in any such
proceeding or appointment.

“Disqualified Stock” shall mean any Equity Interest that, by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable), or upon the happening of
any event, (a) matures (excluding any maturity as the result of an optional redemption by the
issuer thereof) or is mandatorily redeemable (other than for Qualified Capital Stock), pursuant to
a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other
than for Qualified Capital Stock), in whole or in part, or requires the payment of any cash
dividend or any other scheduled cash payment constituting a return of capital, in each case at any
time on or prior to the date that is 180 days after the Maturity Date, or (b) is convertible into
or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii)
any Equity Interest referred to in clause (a) above, in each case at any time prior to the date
that is 180 days after the Maturity Date; provided, however, that if such Equity Interest is issued
to any employee or to any plan for the benefit of employees of the Borrower or any of its
Subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute
Disqualified Stock solely because it may be required to be repurchased by the Borrower or any of
its Subsidiaries in order to satisfy applicable statutory or regulatory obligations, obligations
set forth in the ESOP Plan Documents or as a result of such employee’s termination, death or
disability.

 

7

 

“dollars” or “$” shall mean lawful money of the United States of America.

“Domestic Subsidiaries” shall mean all Subsidiaries incorporated or organized under the laws
of the United States of America, any State thereof or the District of Columbia.

“Earn-Out Obligation” shall mean an obligation to pay the seller in an acquisition transaction
a future payment that is contingent upon the financial performance of the acquired business or
entity.

“Eligible Assignee” means (i) a Lender, (ii) an Affiliate of a Lender, (iii) a Related Fund of
a Lender, and (iv) any other person (other than a natural person) approved by the Administrative
Agent, the Issuing Bank, the Swingline Lender and, 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 Borrower or any of
the Borrower’s Affiliates.

“Environmental Laws” shall mean all applicable Federal, state, local and foreign laws
(including common law), treaties, regulations, rules, ordinances, codes, decrees, judgments,
directives, orders (including consent orders), and agreements in each case, relating to protection
of the environment, natural resources, human health and safety or the presence, Release of, or
exposure to, Hazardous Materials, or the generation, manufacture, processing, distribution, use,
treatment, storage, transport, recycling or handling of, or the arrangement for such activities
with respect to, Hazardous Materials.

“Environmental Liability” shall mean all liabilities, obligations, damages, losses, claims,
actions, suits, judgments, orders, fines, penalties, fees, expenses and costs (including
administrative oversight costs, natural resource damages and remediation costs), whether contingent
or otherwise, arising out of or relating to (a) compliance or non-compliance with any Environmental
Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any
Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release of any Hazardous
Materials or (e) any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing.

“Environmental Permit” shall mean any permit, license or other approval required under any
Environmental Law.

“Equity Interests” shall mean shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust, including the ESOT, or
other equity interests in any person.

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as the same may be
amended from time to time.

 

8

 

“ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that,
together with the Borrower, is treated as a single employer under Section 414 of the Code.

“ERISA Event” shall mean (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder, with respect to a Plan (other than an event for which the 30-day
notice period is waived); (b) a failure by any Plan to satisfy the minimum funding standards (as
defined in Section 412 of the Code or Section 302 of ERISA) applicable to such plan, in such
instance, whether or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section
302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any
Plan; (d) a determination that any Plan is, or expected to be in “at risk” status (as defined in
Section 430(i)(4) of the Code or Section 303(i)(4) of ERISA; (e) the incurrence by the Borrower or
any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan or the withdrawal or partial withdrawal of the Borrower or any of its ERISA
Affiliates from any Plan or Multiemployer Plan; (f) the receipt by the Borrower or any of its ERISA
Affiliates from the PBGC or a plan administrator of any notice relating to the intention to
terminate any Plan or Plans or to appoint a trustee to administer any Plan; (g) the receipt by the
Borrower or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan
from the Borrower or any of its ERISA Affiliates of any notice, concerning the imposition of
Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
insolvent or in reorganization, within the meaning of Title IV of ERISA, or in “endangered” or
“critical” status (within the meaning of Section 432 of the Code or Section 305 of ERISA); (i) the
occurrence of a non-exempt “prohibited transaction” with respect to which the Borrower or any of
the Subsidiaries is a “disqualified person” (within the meaning of Section 4975 of the Code) or
with respect to which the Borrower or any such Subsidiary could otherwise be liable; or (j) any
other event or condition with respect to a Plan or Multiemployer Plan that could result in
liability of the Borrower or any Subsidiary.

“ESOP” shall mean the employee benefit plan entitled “The Alion Science and Technology
Corporation Employee Ownership, Savings and Investment Plan” adopted and maintained by the
Borrower.

“ESOP Fiduciary” shall mean the named fiduciary of the ESOP under ERISA. As of the
Restatement Effective Date, the ESOP Fiduciary is the ESOP Committee of the Borrower.

“ESOP Plan Documents” shall mean collectively, the documents listed on Schedule 1.01(a), each
as may be amended, supplemented or modified from time to time as permitted by Section 6.09.

“ESOT” shall mean the trust entitled “The Alion Science and Technology Corporation Employee
Ownership, Savings and Investment Trust” and adopted and maintained by the Borrower pursuant to the
applicable ESOP Plan Documents.

 

9

 

“ESOT Trustee” shall mean the trustee of the ESOT. As of the Restatement Effective Date, the
ESOT Trustee is State Street Bank and Trust Company.

“Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or
the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the
Adjusted LIBO Rate.

“Event of Default” shall have the meaning assigned to such term in Article VII.

“Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, the Issuing
Bank or any other recipient of any payment to be made by or on account of any obligation of the
Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the
United States of America, or by the jurisdiction under the laws of which such recipient is
organized or in which its principal office is located or, in the case of any Lender, in which its
applicable lending office is located, (b) any branch profits taxes imposed by the United States of
America or any similar tax imposed by any other jurisdiction described in clause (a) above and (c)
in the case of a Lender (other than an assignee pursuant to a request by the Borrower under Section
2.20(a)), any withholding tax (including pursuant to FATCA) that is imposed on amounts payable to
such Lender pursuant to any Law enacted at the time such Lender becomes a party to this Agreement
(or designates a new lending office) or is attributable to such Lender’s failure to comply with
Sections 2.19(f) and 2.19(g), except to the extent that such Lender (or its assignor, if any) was
entitled, at the time of designation of a new lending office (or assignment), to receive additional
amounts from the Borrower with respect to such withholding tax pursuant to Section 2.19(a).

“Existing Credit Agreement” shall mean the Credit Agreement dated as of March 22, 2010, as
amended by Amendment No. 1 dated as of June 11, 2010, by and among the Borrower, the institutions
from time to time party thereto as lenders and Credit Suisse AG, Cayman Islands Branch, as
administrative agent.

“Existing Letter of Credit” shall mean each Letter of Credit previously issued for the account
of the Borrower that (a) is outstanding on the Restatement Effective Date and (b) is listed on
Schedule 1.01(c).

“FATCA” shall mean Sections 1471 through 1474 of the Code and any regulations thereunder or
official governmental interpretations thereof.

“Federal Funds Effective Rate” shall mean, for any day, the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal
funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New
York, or, if such rate is not so published for any day that is a Business Day, the average of the
quotations for the day for such transactions received by the Administrative Agent from three
Federal funds brokers of recognized standing selected by it.

“Fees” shall mean the Commitment Fees, the Administrative Agent Fees, the L/C Participation
Fees and the Issuing Bank Fees.

 

10

 

“Fee Letter” shall mean the Fee Letter dated March 19, 2010, between the Borrower and the
Administrative Agent.

“Financial Officer” of any person shall mean the chief financial officer, principal accounting
officer, treasurer or controller of such person.

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

“Foreign Ownership Control or Influence” shall have the meaning given to such phrase in the
Federal National Industrial Security Program Operating Manual and any successor documentation or
program thereto.

“Foreign Subsidiary” shall mean any Subsidiary that is not a Domestic Subsidiary.

“GAAP” shall mean United States generally accepted accounting principles applied on a basis
consistent with the practices the Borrower has employed historically in preparing its financial
statements.

“Government” shall mean the United States government or any department or agency thereof.

“Governmental Authority” shall mean any Federal, state, local or foreign court or governmental
agency, authority, instrumentality or regulatory body.

“Government Contracts” shall mean written contracts between the Borrower or any Subsidiary
Guarantor and the Government.

“Granting Lender” shall have the meaning assigned to such term in Section 9.04(i).

“Guarantee” of or by any person shall mean any obligation, contingent or otherwise, of such
person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation of any other person (the “primary obligor”) in any manner, whether directly or
indirectly, and including any obligation of such person, direct or indirect, (a) to purchase or pay
(or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation
or to purchase (or to advance or supply funds for the purchase of) any security for the payment of
such Indebtedness or other obligation, (b) to purchase or lease property, securities or services
for the purpose of assuring the owner of such Indebtedness or other obligation of the payment of
such Indebtedness or other obligation or (c) to maintain working capital, equity capital or any
other financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation; provided, however, that the term “Guarantee”
shall not include endorsements for collection or deposit in the ordinary course of business.

 

11

 

“Guarantee Agreement” shall mean the Guarantee Agreement, substantially in the form of Exhibit
D, among the Borrower, the Subsidiaries party thereto and the Administrative Agent.

“Hazardous Materials” shall mean (a) any petroleum products or byproducts and all other
hydrocarbons, coal ash, radon gas, asbestos, urea formaldehyde foam insulation, polychlorinated
biphenyls, chlorofluorocarbons and all other ozone-depleting substances and (b) any chemical,
material, substance or waste that is prohibited, limited or regulated by or pursuant to any
Environmental Law.

“Hedging Agreement” shall mean any interest rate protection agreement, foreign currency
exchange agreement, commodity price protection agreement or other interest or currency exchange
rate or commodity price hedging arrangement.

“IIT” shall mean Illinois Institute of Technology, an Illinois not-for-profit corporation.

“Incremental Assumption Agreement” shall mean (a) the Incremental Assumption and Amendment
Agreement and (b) any other Incremental Assumption Agreement in form and substance reasonably
satisfactory to the Borrower and the Administrative Agent, among the Borrower, the Administrative
Agent and one or more Incremental Lenders.

“Incremental Assumption and Amendment Agreement” shall mean the Incremental Assumption and
Amendment Agreement dated as of the Restatement Effective Date, among other things, effecting the
amendment and restatement of the Existing Credit Agreement.

“Incremental Commitment” shall mean any increased Revolving Credit Commitment or Incremental
Term Commitment provided pursuant to Section 2.23.

“Incremental Lender” shall mean a Lender with an Incremental Commitment or an Incremental Term
Loan.

“Incremental Loan Amount” shall mean, at any time, the excess, if any, of (a) $10,000,000 over
(b) the aggregate amount of all Incremental Commitments established prior to such time. As of the
Restatement Effective Date, and after giving effect to the transactions contemplated by the
Incremental Assumption and Amendment Agreement, the Incremental Loan Amount is $0.

“Incremental Term Commitment” shall mean the commitment of any Lender, established pursuant to
Section 2.23, to make Incremental Term Loans to the Borrower.

“Incremental Term Loan Maturity Date” shall mean the final maturity date of any Incremental
Term Loan, as set forth in the applicable Incremental Assumption Agreement.

 

12

 

“Incremental Term Loans” shall mean term loans made by one or more Lenders to the Borrower
pursuant to an Incremental Assumption Agreement.

“Indebtedness” of any person shall mean, without duplication, (a) all obligations of such
person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations
of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of
such person upon which interest charges are customarily paid, (d) all obligations of such person
under conditional sale or other title retention agreements relating to property or assets purchased
by such person (excluding trade accounts payable and accrued obligations incurred in the ordinary
course of business), (e) all obligations of such person issued or assumed as the deferred purchase
price of property or services (excluding trade accounts payable, accrued obligations incurred in
the ordinary course of business and Earn-Out Obligations), (f) all Indebtedness of others secured
by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to
be secured by) any Lien on property owned or acquired by such person, whether or not the
obligations secured thereby have been assumed, (g) all Guarantees by such person of Indebtedness of
others, (h) all Capital Lease Obligations and Synthetic Lease Obligations of such person, (i) all
obligations of such person as an account party in respect of letters of credit, (j) all obligations
of such person in respect of bankers’ acceptances and (k) all obligations of such person to
purchase, redeem, retire, defease or otherwise make any payment in respect of any Disqualified
Stock. The Indebtedness of any person shall include the Indebtedness of any partnership in which
such person is a general partner.

“Indemnified Taxes” shall mean Taxes other than Excluded Taxes.

“Insignificant Subsidiary” shall mean any Subsidiary that either (a)(i) does not conduct any
business operations, (ii) has assets with a total book value not in excess of $100,000 and (iii)
does not have any Indebtedness outstanding, or (b) is a direct or indirect Subsidiary of the
Borrower formed for purposes of effecting an acquisition which Subsidiary is formed with the
intention of meeting, and within one year after the consummation of such acquisition meets, the
criteria set forth in clause (a) above; provided that at no time shall any Subsidiary otherwise
satisfying the criteria of this clause (b) be considered an “Insignificant Subsidiary” if such
Subsidiary and all other such Subsidiaries hold 5% or more of the consolidated assets of the
Borrower.

“Intercreditor Agreement” shall mean the Intercreditor Agreement among the Administrative
Agent, the Collateral Agent and the authorized representative named therein for the Senior Secured
Notes, substantially in the form of Exhibit J.

“Interest Payment Date” shall mean (a) with respect to any ABR Loan (including any Swingline
Loan), the last Business Day of each March, June, September and December, and (b) with respect to
any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such
Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than
three months’ duration, each day that would have been an Interest Payment Date had successive
Interest Periods of three months’ duration been applicable to such Borrowing.

 

13

 

“Interest Period” shall mean, with respect to any Eurodollar Borrowing, the period commencing
on the date of such Borrowing and ending on the numerically corresponding day (or, if there is no
numerically corresponding day, on the last day) in the calendar month that is 1, 2, 3 or 6 months
thereafter (or 9 or 12 months thereafter if, at the time of the relevant Borrowing, all Lenders
participating therein agree to make an Interest Period of such duration available), as the Borrower
may elect; provided, however, that if any Interest Period would end on a day other than a Business
Day, such Interest Period shall be extended to the next succeeding Business Day unless such next
succeeding Business Day would fall in the next calendar month, in which case such Interest Period
shall end on the next preceding Business Day. Interest shall accrue from and including the first
day of an Interest Period to but excluding the last day of such Interest Period. For purposes
hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and
thereafter shall be the effective date of the most recent conversion or continuation of such
Borrowing.

“Issuing Bank” shall mean, as the context may require, Credit Suisse AG, in its capacity as
the issuer of Letters of Credit hereunder and/or any other Lender that may become an Issuing Bank
pursuant to Section 2.22(i) or (k), with respect to Letters of Credit issued by such Lender. The
Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by
Affiliates or branches of the Issuing Bank, in which case the term “Issuing Bank” shall include any
such Affiliate or branch with respect to Letters of Credit issued by such Affiliate or branch.

“Issuing Bank Fees” shall have the meaning assigned to such term in Section 2.05(c).

“Junior Warrants” shall mean an aggregate of 1,630,437 detachable redeemable common stock
warrants issued to the holders of the Seller Subordinated Notes.

“L/C Commitment” shall mean the commitment of the Issuing Bank to issue Letters of Credit
pursuant to Section 2.22.

“L/C Disbursement” shall mean a payment or disbursement made by the Issuing Bank pursuant to a
Letter of Credit.

“L/C Exposure” shall mean at any time the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time and (b) the aggregate principal amount of all L/C
Disbursements that have not yet been reimbursed at such time. The L/C Exposure of any Revolving
Credit Lender at any time shall equal its Pro Rata Percentage of the aggregate L/C Exposure at such
time.

“L/C Participation Fee” shall have the meaning assigned to such term in Section 2.05(c).

“Lenders” shall mean (a) the persons listed on Schedule 2.01 (other than any such person that
has ceased to be a party hereto pursuant to an Assignment and Acceptance) and (b) any person that
has become a party hereto pursuant to an Assignment and
Acceptance or an Incremental Assumption Agreement. Unless the context clearly indicates
otherwise, the term “Lenders” shall include the Swingline Lender.

 

14

 

“Letter of Credit” shall mean any letter of credit issued or deemed issued pursuant to Section
2.22 (including any Existing Letter of Credit).

“Leverage Ratio” shall mean, on any date, the ratio of Total Debt on such date to Consolidated
EBITDA for the period of four consecutive fiscal quarters most recently ended on or prior to such
date.

“LIBO Rate” shall mean, with respect to any Eurodollar Borrowing for any Interest Period, the
rate per annum determined by the Administrative Agent at approximately 11:00 a.m., London time, on
the date that is two Business Days prior to the commencement of such Interest Period by reference
to the British Bankers’ Association Interest Settlement Rates for deposits in dollars (as set forth
by any service selected by the Administrative Agent that has been nominated by the British Bankers’
Association as an authorized information vendor for the purpose of displaying such rates) for a
period equal to such Interest Period; provided that, to the extent that an interest rate is not
ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the
interest rate per annum determined by the Administrative Agent to be the average of the rates per
annum at which deposits in dollars are offered for such relevant Interest Period to major banks in
the London interbank market in London, England by the Administrative Agent at approximately 11:00
a.m., London time, on the date that is two Business Days prior to the beginning of such Interest
Period.

“Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge,
encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a
lessor under any conditional sale agreement, capital lease or title retention agreement (or any
financing lease having substantially the same economic effect as any of the foregoing) relating to
such asset and (c) in the case of securities, any purchase option, call or similar right of a third
party with respect to such securities.

“Loan Document Obligations” shall mean (a) the due and punctual payment of (i) the principal
of and interest (including interest accruing during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such
proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more
dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under
this Agreement in respect of any Letter of Credit, when and as due, including payments in respect
of reimbursement of disbursements, interest thereon and obligations to provide cash collateral and
(iii) all other monetary obligations of the Borrower to any of the Secured Parties under this
Agreement and each of the other Loan Documents, including fees, costs, expenses and indemnities,
whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations
incurred during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and
punctual performance of all other obligations of the Borrower under or pursuant to this Agreement
and each of the other Loan Documents and
(c) the due and punctual payment and performance of all the obligations of each other Loan
Party under or pursuant to each of the other Loan Documents.

 

15

 

“Loan Documents” shall mean this Agreement, the Letters of Credit, the Guarantee Agreement,
the Security Documents, any Incremental Assumption Agreement and the promissory notes, if any,
executed and delivered pursuant to Section 2.04(e).

“Loan Parties” shall mean the Borrower and the Subsidiary Guarantors.

“Loans” shall mean the Revolving Loans, the Swingline Loans and the Incremental Term Loans (if
any).

“Margin Stock” shall have the meaning assigned to such term in Regulation U.

“Material Adverse Effect” shall mean (a) a materially adverse effect on the business, assets,
liabilities, operations or financial condition of the Borrower and the Subsidiaries, taken as a
whole, (b) a material impairment of the ability of the Borrower or any other Loan Party to perform
any of its obligations under any Loan Document to which it is or will be a party or (c) a material
impairment of the rights of or benefits available to the Lenders under any Loan Document.

“Material Contract” shall mean each Government Contract that has a remaining value of at least
$5,000,000.

“Material Indebtedness” shall mean Indebtedness (other than the Loans and Letters of Credit),
or obligations in respect of one or more Hedging Agreements, of any one or more of the Borrower and
the Subsidiaries in an aggregate principal amount exceeding $10,000,000. For purposes of
determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or any
Subsidiary in respect of any Hedging Agreement at any time shall be the maximum aggregate amount
(giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to
pay if such Hedging Agreement were terminated at such time.

“Maturity Date” shall mean August 22, 2014.

“Moody’s” shall mean Moody’s Investors Service, Inc., or any successor thereto.

“Multiemployer Plan” shall mean a multiemployer plan as defined in Section 4001(a)(3) of
ERISA.

“Obligations” shall mean all obligations defined as “Obligations” in the Intercreditor
Agreement.

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

 

16

 

“PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA.

“Perfection Certificate” shall mean the Perfection Certificate substantially in the form of
Exhibit B to the Security Agreement.

“Permitted Acquisition” shall have the meaning assigned to such term in Section 6.04(g).

“Permitted Investments” shall mean:

(a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent
such obligations are backed by the full faith and credit of the United States of America), in each
case maturing within one year from the date of acquisition thereof;

(b) investments in commercial paper maturing within 270 days from the date of acquisition
thereof and having, at such date of acquisition, the highest credit rating obtainable from S&P or
from Moody’s;

(c) investments in certificates of deposit, banker’s acceptances and time deposits maturing
within one year from the date of acquisition thereof issued or guaranteed by or placed with, and
money market deposit accounts issued or offered by, the Administrative Agent or any domestic office
of any commercial bank organized under the laws of the United States of America or any State
thereof that has a combined capital and surplus and undivided profits of not less than
$500,000,000;

(d) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (a) above and entered into with a financial institution satisfying
the criteria of clause (c) above;

(e) investments in “money market funds” within the meaning of Rule 2a-7 of the Investment
Company Act of 1940, as amended, substantially all of whose assets are invested in investments of
the type described in clauses (a) through (d) above; and

(f) other short-term investments utilized by Foreign Subsidiaries in accordance with normal
investment practices for cash management in investments of a type analogous to the foregoing.

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

“Plan” shall mean any employee pension benefit plan (other than a Multiemployer Plan) subject
to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in
respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would
under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

 

17

 

“Prime Rate” shall mean the rate of interest per annum determined from time to time by Credit
Suisse AG as its prime rate in effect at its principal office in New York City and notified to the
Borrower.

“Pro Forma Basis” shall mean, with respect to compliance with any test or covenant hereunder,
compliance with such covenant or test after giving effect to (a) any proposed Permitted Acquisition
or (b) any Asset Sale of a Subsidiary or operating entity for which historical financial statements
for the relevant period are available (including (i) pro forma adjustments arising out of events
which are directly attributable to the proposed Permitted Acquisition or Asset Sale, are factually
supportable and are expected to have a continuing impact, in each case as determined on a basis
consistent with Article 11 of Regulation S-X of the Securities Act of 1933, as amended, as
interpreted by the Staff of the Securities and Exchange Commission, and (ii) such other adjustments
as are satisfactory to the Administrative Agent, in each case as certified by a Financial Officer
of the Borrower) using, for purposes of determining such compliance, the historical financial
statements of all entities or assets so acquired or sold and the consolidated financial statements
of the Borrower and the Subsidiaries which shall be reformulated as if such Permitted Acquisition
or Asset Sale, and all other Permitted Acquisitions and Asset Sales that have been consummated
during the period, and any Indebtedness or other liabilities incurred in connection with any such
Permitted Acquisitions had been consummated and incurred at the beginning of such period.

“Pro Rata Percentage” shall mean, with respect to any Revolving Credit Lender at any time, the
percentage of the aggregate amount of Revolving Credit Commitments as in effect at such time
represented by such Revolving Credit Lender’s Revolving Credit Commitment.

“Qualified Capital Stock” of any person shall mean any Equity Interest of such person that is
not Disqualified Stock.

“Qualified Public Offering” shall mean an underwritten public offering of common stock of the
Borrower pursuant to an effective registration statement filed with the Securities and Exchange
Commission in accordance with the Securities Act of 1933, as amended, that results in at least
$5,000,000 of net cash proceeds to the Borrower and results in the listing of the common stock of
the Borrower on a national securities exchange or the NASDAQ National Market quotation system.

“Redemption Agreement” shall mean the Note and Warrant Redemption Agreement, Fourth Amendment
to the Seller Note Securities Purchase Agreement, First Amendment to the Second Amended and
Restated Seller Note and Rights Agreement Termination Agreement between the Borrower and IIT, dated
as of December 18, 2009, pursuant to which the Borrower has agreed to redeem and repurchase, and
IIT has agreed to sell to the Borrower, the Seller Subordinated Notes and the Junior Warrants.

“Register” shall have the meaning assigned to such term in Section 9.04(d).

 

18

 

“Regulation T” shall mean Regulation T of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof.

“Regulation U” shall mean Regulation U of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof.

“Regulation X” shall mean Regulation X of the Board as from time to time in effect and all
official rulings and interpretations thereunder or thereof.

“Related Fund” shall mean, with respect to any Lender that is a fund that invests in bank
loans, any other fund that invests in bank loans and is administered, advised or managed by the
same investment advisor as such Lender or by an Affiliate of such investment advisor.

“Related Parties” shall mean, with respect to any specified person, such person’s Affiliates
and the respective directors, officers, employees and agents of such person and such person’s
Affiliates.

“Release” shall mean any release, spill, emission, leaking, dumping, injection, pouring,
deposit, disposal, discharge, dispersal, leaching or migration into or through the environment or
within or upon any building, structure, facility or fixture.

“Required Lenders” shall mean, at any time, Lenders having Loans (excluding Swingline Loans),
L/C Exposure, Swingline Exposure and unused Revolving Credit Commitments and Incremental Term
Commitments representing more than 50% of the sum of all Loans outstanding (excluding Swingline
Loans), L/C Exposure, Swingline Exposure and unused Revolving Credit Commitments and Incremental
Term Commitments at such time; provided, however, that the Revolving Loans, L/C Exposure, Swingline
Exposure and unused Revolving Credit Commitments of any Defaulting Lender shall be disregarded in
the determination of Required Lenders at any time.

“Responsible Officer” of any person shall mean any executive officer or Financial Officer of
such person and any other officer or similar official thereof responsible for the administration of
the obligations of such person in respect of this Agreement.

“Restatement Effective Date” shall mean March 11, 2011.

“Restricted Payment” shall mean any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Borrower or any
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of or otherwise with respect to (a) any Equity Interests in the
Borrower or any Subsidiary or any option, warrant or other right to acquire any such Equity
Interests in the Borrower or any Subsidiary or (b) any Senior Unsecured Notes or any subordinated
Indebtedness (“Restricted Indebtedness”) (other than, in the case of this clause (b), regularly
scheduled interest payments and the repayment of the Seller Subordinated Notes in accordance with
the Redemption
Agreement). For the avoidance of doubt, any payment made in respect of an Earn-Out Obligation
is not a Restricted Payment.

 

19

 

“Revolving Credit Borrowing” shall mean a Borrowing comprised of Revolving Loans.

“Revolving Credit Commitment” shall mean, with respect to any Lender at any time, the
commitment of such Lender to make Revolving Loans and to participate in Letters of Credit and
Swingline Loans hereunder as set forth on Schedule 2.01, or in the Assignment and Acceptance or
Incremental Assumption Agreement pursuant to which such Lender assumed its Revolving Credit
Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section
2.09, (b) increased from time to time pursuant to Section 2.23 and (c) reduced or increased from
time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.

“Revolving Credit Exposure” shall mean, with respect to any Lender at any time, the aggregate
principal amount at such time of all outstanding Revolving Loans of such Lender, plus the aggregate
amount at such time of such Lender’s L/C Exposure, plus the aggregate amount at such time of such
Lender’s Swingline Exposure.

“Revolving Credit Lender” shall mean a Lender with a Revolving Credit Commitment or
outstanding Revolving Credit Exposure.

“Revolving Loans” shall mean the revolving loans made by the Lenders to the Borrower pursuant
to Section 2.01.

“Secured Parties” shall mean (a) the Bank Secured Parties, (b) the holders of the Senior
Secured Notes, (c) the Senior Secured Notes Trustee and (d) the successors and permitted assigns of
each of the foregoing.

“Security Agreement” shall mean the Security Agreement, substantially in the form of Exhibit
E, among the Borrower, the Subsidiaries party thereto and the Collateral Agent for the benefit of
the Secured Parties.

“Security Documents” shall mean the Guarantee Agreement, the Security Agreement, the
Intercreditor Agreement and each of the security agreements, mortgages and other instruments and
documents executed and delivered pursuant to any of the foregoing or pursuant to Section 5.09.

“Seller Subordinated Notes” shall mean the Borrower’s 6% Seller Subordinated Notes due
December 20, 2010.

“Senior Secured Notes” shall mean the Borrower’s 12.0% senior secured notes due 2014 issued
pursuant to the Senior Secured Notes Indenture on the Closing Date in an aggregate principal amount
of $310,000,000, and the Indebtedness represented thereby.

 

20

 

“Senior Secured Notes Documents” shall mean the Senior Secured Notes, the Senior Secured Notes
Indenture, the Security Documents and all other documents executed and delivered with respect to
the Senior Secured Notes or the Senior Secured Notes Indenture.

“Senior Secured Notes Indenture” shall mean the Indenture for the Senior Secured Notes dated
as of March 22, 2010, as the same may be amended, restated, supplemented, substituted, replaced,
refinanced or otherwise modified from time to time.

“Senior Secured Notes Trustee” shall mean Wilmington Trust Company and its successors and
assigns acting as trustee under the Senior Secured Notes Indenture.

“Senior Unsecured Notes” shall mean the Borrower’s 10.25% Senior Unsecured Notes due February
1, 2015 in an outstanding aggregate principal amount on the Closing Date of approximately
$250,000,000, and the Indebtedness represented thereby.

“Senior Warrants” shall mean an aggregate of 350,000 detachable redeemable common stock
warrants issued to the holders of the Senior Secured Notes.

“Special Diversification Payments” shall mean payments (other than payments required by
applicable law) pursuant to the ESOP Plan Documents in respect of employee elections to transfer up
to 10% of the value of their ESOP accounts to investments other than the Borrower’s common stock.

“SPC” shall have the meaning assigned to such term in Section 9.04(i).

“S&P” shall mean Standard & Poor’s Ratings Service, or any successor thereto.

“Statutory Reserves” shall mean a fraction (expressed as a decimal), the numerator of which is
the number one and the denominator of which is the number one minus the aggregate of the maximum
reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by the Board and any other banking authority, domestic or foreign, to
which the Administrative Agent or any Lender (including any branch, Affiliate or other fronting
office making or holding a Loan) is subject for Eurodollar Liabilities (as defined in Regulation D
of the Board). Eurodollar Loans shall be deemed to constitute Eurodollar Liabilities as defined in
Regulation D of the Board) and to be subject to such reserve requirements without benefit of or
credit for proration, exemptions or offsets that may be available from time to time to any Lender
under such Regulation D. Statutory Reserves shall be adjusted automatically on and as of the
effective date of any change in any reserve percentage.

“subsidiary” shall mean, with respect to any person (herein referred to as the “parent”), any
corporation, partnership, association or other business entity (a) of which securities or other
ownership interests representing more than 50% of the equity or more than 50% of the ordinary
voting power or more than 50% of the general partnership interests are, at the time any
determination is being made, owned, Controlled or held, or (b) that is, at the time any
determination is made, otherwise Controlled, by the parent or
one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the
parent.

 

21

 

“Subsidiary” shall mean any subsidiary of the Borrower.

“Subsidiary Guarantor” shall mean each Subsidiary listed on Schedule 1.01(b), and each other
Subsidiary that is or becomes a party to the Guarantee Agreement.

“Swingline Commitment” shall mean the commitment of the Swingline Lender to make loans
pursuant to Section 2.21, as the same may be reduced from time to time pursuant to Section 2.09.

“Swingline Exposure” shall mean at any time the aggregate principal amount at such time of all
outstanding Swingline Loans. The Swingline Exposure of any Revolving Credit Lender at any time
shall equal its Pro Rata Percentage of the aggregate Swingline Exposure at such time.

“Swingline Lender” shall mean Credit Suisse AG, in its capacity as lender of Swingline Loans
hereunder.

“Swingline Loan” shall mean any loan made by the Swingline Lender pursuant to Section 2.21.

“Synthetic Lease” shall mean, as to any person, any lease (including leases that may be
terminated by the lessee at any time) of any property (whether real, personal or mixed) having a
value in excess of $100,000 (a) that is accounted for as an operating lease under GAAP and (b) in
respect of which the lessee retains or obtains ownership of the property so leased for U.S. Federal
income tax purposes, other than any such lease under which such person is the lessor.

“Synthetic Lease Obligations” shall mean, as to any person, an amount equal to the capitalized
amount of the remaining lease payments under any Synthetic Lease that would appear on a balance
sheet of such person in accordance with GAAP if such obligations were accounted for as Capital
Lease Obligations.

“Synthetic Purchase Agreement” shall mean any swap, derivative or other agreement or
combination of agreements pursuant to which the Borrower or any Subsidiary is or may become
obligated to make (a) any payment in connection with a purchase by any third party from a person
other than the Borrower or any Subsidiary of any Equity Interest or Restricted Indebtedness or (b)
any payment (other than on account of a permitted purchase by it of any Equity Interest or
Restricted Indebtedness) the amount of which is determined by reference to the price or value at
any time of any Equity Interest or Restricted Indebtedness; provided that no phantom stock plan,
stock appreciation right plan or similar plan providing for payments only to current or former
directors, officers or employees of the Borrower or the Subsidiaries (or to their heirs or estates)
shall be deemed to be a Synthetic Purchase Agreement.

 

22

 

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions,
charges, liabilities or withholdings imposed by any Governmental Authority.

“Total Debt” shall mean, at any time, the total Indebtedness of the Borrower and the
Subsidiaries at such time (excluding Indebtedness of the type described in clause (i) of the
definition of such term, except to the extent of any unreimbursed drawings thereunder).

“Transactions” shall mean, collectively, (a) the execution, delivery and performance by the
Loan Parties of the Loan Documents to which they are a party and, in the case of the Borrower, the
making of the initial Borrowings hereunder, (b) the execution, delivery and performance by the
Borrower and the Subsidiaries party thereto of the Senior Secured Notes Documents and the issuance
of the Senior Secured Notes and Senior Warrants, (c) the redemption of the Seller Subordinated
Notes and the Junior Warrants pursuant to the terms of the Redemption Agreement, (d) the repayment
of all amounts due or outstanding under, and the termination of, the Existing Credit Agreement, and
(e) the payment of related fees and expenses.

“Type”, when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to
which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes
hereof, the term “Rate” shall include the Adjusted LIBO Rate and the Alternate Base Rate.

“Unfunded Advances/Participations” shall mean (a) with respect to the Administrative Agent,
without duplication of amounts paid to the Administrative Agent under the Intercreditor Agreement,
the aggregate amount, if any, (i) made available to the Borrower on the assumption that each Lender
has made its portion of the applicable Borrowing available to the Administrative Agent as
contemplated by Section 2.02(d) and (ii) with respect to which a corresponding amount shall not in
fact have been returned to the Administrative Agent by the Borrower or made available to the
Administrative Agent by any such Lender, (b) with respect to the Swingline Lender, the aggregate
amount, if any, of participations in respect of any outstanding Swingline Loans that shall not have
been funded by the Revolving Credit Lenders in accordance with Section 2.21(e), and (c) with
respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any
outstanding L/C Disbursement with respect to any Letters of Credit issued by such Issuing Bank that
shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(d).

“USA PATRIOT Act” shall mean The Uniting and Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of Pub. L. No. 107-56
(signed into law October 26, 2001)).

“Warrant Agreement” shall mean the Warrant Agreement dated as of March 22, 2010, as the same
may be amended, restated, supplemented, substituted, replaced, refinanced or otherwise modified
from time to time, between the Borrower and the Wilmington Trust Company.

 

23

 

“Warrants” shall mean the Junior Warrants and the Senior Warrants.

“WCGS ONR Business” shall mean Washington Consulting Government Services, Inc.’s Office of
Naval Research Advisory & Assistance Services Portfolio, which consists of certain contracts,
namely, (i) 331 DO 0502-0001, (ii) 34 DO 0502-0002, (iii) Global Forces DO 0502-0004, (iv) 30 DO
0554-0019 and (v) 35 ADS-SC-003, proposals and other related assets.

“wholly owned subsidiary” of any person shall mean a subsidiary of such person of which
securities (except for directors’ qualifying shares) or other ownership interests representing 100%
of the Equity Interests are, at the time any determination is being made, owned, Controlled or held
by such person or one or more wholly owned subsidiaries of such person or by such person and one or
more wholly owned subsidiaries of such person.

“Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete
or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle
E of Title IV of ERISA.

SECTION 1.02. Terms Generally. The definitions in Section 1.01 shall apply equally to both
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun
shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The
word “will” shall be construed to have the same meaning and effect as the word “shall”; and the
words “asset” and “property” shall be construed as having the same meaning and effect and to refer
to any and all tangible and intangible assets and properties, including cash, securities, accounts
and contract rights. All references herein to Articles, Sections, Exhibits and Schedules shall be
deemed references to Articles and Sections of, and Exhibits and Schedules to, this Agreement unless
the context shall otherwise require. Except as otherwise expressly provided herein, (a) any
reference in this Agreement to any Loan Document shall mean such document as amended, restated,
supplemented or otherwise modified from time to time and (b) all terms of an accounting or
financial nature shall be construed in accordance with GAAP, as in effect from time to time;
provided, however, that if the Borrower notifies the Administrative Agent that the Borrower wishes
to amend any covenant in Article VI or any related definition to eliminate the effect of any change
in GAAP occurring after the date of this Agreement on the operation of such covenant (or if the
Administrative Agent notifies the Borrower that the Required Lenders wish to amend Article VI or
any related definition for such purpose), then the Borrower’s compliance with such covenant shall
be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became
effective, until either such notice is withdrawn or such covenant is amended in a manner
satisfactory to the Borrower and the Required Lenders.

SECTION 1.03. Pro Forma Calculations. With respect to any period during which any
acquisition of the type described in clause (a) of the definition of the term “Pro Forma Basis” or
Asset Sale of the type described in clause (b) of the definition of the
term “Pro Forma Basis” occurs as permitted pursuant to the terms hereof, the Leverage Ratio
shall be calculated with respect to such period and such acquisition or Asset Sale on a Pro Forma
Basis.

SECTION 1.04. Classification of Loans and Borrowings. For purposes of this Agreement, Loans
may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a
“Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar Revolving Loan”). Borrowings also may
be classified and referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a
“Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving Borrowing”).

 

24

 

ARTICLE II

The Credits

SECTION 2.01. Commitments. Subject to the terms and conditions and relying upon the
representations and warranties herein set forth, each Revolving Credit Lender agrees, severally and
not jointly, to make Revolving Loans to the Borrower, at any time and from time to time after the
date hereof, and until the earlier of the Maturity Date and the termination of the Revolving Credit
Commitment of such Lender in accordance with the terms hereof, in an aggregate principal amount at
any time outstanding that will not result in such Lender’s Revolving Credit Exposure exceeding such
Lender’s Revolving Credit Commitment. Within the limits set forth in the preceding sentence and
subject to the terms, conditions and limitations set forth herein, the Borrower may borrow, pay or
prepay, without premium or penalty (subject to Section 2.15), and reborrow Revolving Loans.

SECTION 2.02. Loans. (a) Each Loan (other than Swingline Loans) shall be made as part of a
Borrowing consisting of Loans made by the Lenders ratably in accordance with their applicable
Commitments; provided, however, that the failure of any Lender to make any Loan shall not in itself
relieve any other Lender of its obligation to lend hereunder (it being understood, however, that no
Lender shall be responsible for the failure of any other Lender to make any Loan required to be
made by such other Lender). Except for Loans made pursuant to Section 2.22(e), the Loans
comprising any Borrowing shall be in an aggregate principal amount that is (i) (except with respect
to any Incremental Term Loan, to the extent otherwise provided in the related Incremental
Assumption Agreement) an integral multiple of $500,000 or (ii) equal to the remaining available
balance of the Revolving Credit Commitments.

(b) Subject to Sections 2.08 and 2.14, each Borrowing shall be comprised entirely of ABR
Loans or Eurodollar Loans as the Borrower may request pursuant to Section 2.03. Each Lender may at
its option make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such
Lender to make such Loan; provided that any exercise of such option shall not affect the obligation
of the Borrower to repay such Loan in accordance with the terms of this Agreement. Borrowings of
more than one Type may be outstanding at the same time; provided, however, that the Borrower shall
not be entitled to request any Borrowing that, if made, would result in more than eight
Eurodollar Borrowings outstanding hereunder at any time. For purposes of the foregoing,
Borrowings having different Interest Periods, regardless of whether they commence on the same date,
shall be considered separate Borrowings.

 

25

 

(c) Except with respect to Loans made pursuant to Section 2.22(e), each Lender shall make
each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately
available funds to such account in New York City as the Administrative Agent may designate not
later than 1:00 p.m. (New York City time), and the Administrative Agent shall promptly credit the
amounts so received to an account designated by the Borrower in the applicable Borrowing Request
or, if a Borrowing shall not occur on such date because any condition precedent herein specified
shall not have been met, return the amounts so received to the respective Lenders.

(d) Unless the Administrative Agent shall have received notice from a Lender prior to the
date of any Revolving Credit Borrowing that such Lender will not make available to the
Administrative Agent such Lender’s portion of such Revolving Credit Borrowing, the Administrative
Agent may assume that such Lender has made such portion available to the Administrative Agent on
the date of such Revolving Credit Borrowing in accordance with paragraph (c) of this Section and
the Administrative Agent may, in its sole discretion and in reliance upon such assumption, make
available to the Borrower on such date a corresponding amount. If the Administrative Agent shall
have so made funds available, then, to the extent that such Lender shall not have made such portion
available to the Administrative Agent, such Lender and the Borrower severally agree to repay to the
Administrative Agent forthwith on demand such corresponding amount together with interest thereon,
for each day from the date such amount is made available to the Borrower to but excluding the date
such amount is repaid to the Administrative Agent at (i) in the case of the Borrower, a rate per
annum equal to the interest rate applicable at the time to the Loans comprising such Revolving
Credit Borrowing and (ii) in the case of such Lender, a rate determined by the Administrative Agent
to represent its cost of overnight or short-term funds (which determination shall be conclusive
absent manifest error). If such Lender shall repay to the Administrative Agent such corresponding
amount, such amount shall constitute such Lender’s Loan as part of such Revolving Credit Borrowing
for purposes of this Agreement.

(e) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled
to request any Revolving Credit Borrowing if the Interest Period requested with respect thereto
would end after the Maturity Date.

SECTION 2.03. Borrowing Procedure. In order to request a Borrowing (other than a Swingline
Loan as to which this Section shall not apply), the Borrower shall hand deliver or fax to the
Administrative Agent (or give telephonic notice promptly confirmed by written notice) a duly
completed Borrowing Request (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon
(New York City time) three Business Days before a proposed Borrowing, and (b) in the case of an ABR
Borrowing, not later than 12:00 noon (New York City time) one Business Day before the proposed
Borrowing. Each Borrowing Request shall be irrevocable, shall be

 

26

 

signed by or on behalf of the
Borrower and shall specify the following information: (i) whether such Borrowing is to be a Eurodollar Borrowing or an ABR Borrowing, (ii) the date of such Borrowing (which shall be a
Business Day), (iii) the number and location of the account to which funds are to be disbursed,
(iv) the amount of such Borrowing, and (v) if such Borrowing is to be a Eurodollar Borrowing, the
Interest Period with respect thereto; provided, however, that, notwithstanding any contrary
specification in any Borrowing Request, each requested Borrowing shall comply with the requirements
set forth in Section 2.02. If no election as to the Type of Borrowing is specified in any such
notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect
to any Eurodollar Borrowing is specified in any such notice, then the Borrower shall be deemed to
have selected an Interest Period of one month’s duration. The Administrative Agent shall promptly
advise the applicable Lenders of any notice given pursuant to this Section (and the contents
thereof), and of each Lender’s portion of the requested Borrowing.

SECTION 2.04. Evidence of Debt; Repayment of Loans. (a) The Borrower hereby unconditionally
promises to pay to the Administrative Agent for the account of each Lender (i) the principal amount
of each Incremental Term Loan (if any) of such Lender as provided in the applicable Incremental
Assumption Agreement and (ii) the then unpaid principal amount of each Revolving Loan of such
Lender on the Maturity Date. The Borrower hereby promises to pay to the Swingline Lender the then
unpaid principal amount of each Swingline Loan on the earlier of the fifth Business Day after such
Swingline Loan is made and the Maturity Date.

(b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such
Lender from time to time, including the amounts of principal and interest payable and paid to such
Lender from time to time under this Agreement.

(c) The Administrative Agent shall maintain accounts in which it will record (i) the amount
of each Loan made hereunder, the Type thereof and, if applicable, the Interest Period applicable
thereto, (ii) the amount of any principal or interest due and payable or to become due and payable
from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the
Administrative Agent hereunder from the Borrower or any Subsidiary Guarantor and each Lender’s
share thereof.

(d) The entries made in the accounts maintained pursuant to paragraphs (b) and (c) of this
Section shall be prima facie evidence of the existence and amounts of the obligations therein
recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain
such accounts or any error therein shall not in any manner affect the obligations of the Borrower
to repay the Loans in accordance with their terms. Upon request, the Borrower may review the
information contained in such accounts for purposes of verifying the accuracy of same.

(e) Any Lender may request that Loans made by it hereunder be evidenced by a promissory note.
In such event, the Borrower shall execute and deliver to such Lender a promissory note payable to
such Lender and its registered assigns substantially in the form of Exhibit I-1 or I-2 (as
appropriately modified). Notwithstanding any other provision of this Agreement, in the event any
Lender shall request and receive such a
promissory note, the interests represented by such note shall at all times (including after
any assignment of all or part of such interests pursuant to Section 9.04) be represented by one or
more promissory notes payable to the payee named therein or its registered assigns.

 

27

 

SECTION 2.05. Fees. (a) The Borrower agrees to pay to each Lender (other than a Defaulting
Lender for so long as, and with respect to the period during which such Lender is a Defaulting
Lender), through the Administrative Agent, on the last Business Day of March, June, September and
December in each year during the term hereof and on the date on which the Commitments of such
Lender shall expire or be terminated as provided herein, a commitment fee (a “Commitment Fee”)
equal to 1.75% per annum on the daily unused amount of the Revolving Credit Commitments of such
Lender during the preceding quarter (or shorter period commencing with the date hereof or ending
with the Maturity Date or the date on which such Commitments shall otherwise expire or be
terminated, as applicable). All Commitment Fees shall be computed on the basis of the actual
number of days elapsed in a year of 360 days. For purposes of calculating Commitment Fees only, no
portion of the Revolving Credit Commitments shall be deemed utilized under Section 2.16 as a result
of outstanding Swingline Loans. Notwithstanding any other provision in this Agreement to the
contrary, no Commitment Fee shall be payable under this Agreement in respect of Swingline
Commitments.

(b) The Borrower agrees to pay to the Administrative Agent, for its own account, the
administrative fees set forth in the Fee Letter at the times and in the amounts specified therein
(the “Administrative Agent Fees”).

(c) The Borrower agrees to pay (i) to each Revolving Credit Lender (other than a Defaulting
Lender for so long as, and with respect to the period during which such Lender is a Defaulting
Lender), through the Administrative Agent, on the last Business Day of March, June, September and
December of each year and on the date on which the Revolving Credit Commitment of such Lender shall
be terminated as provided herein, a fee (an “L/C Participation Fee”), calculated on such Lender’s
Pro Rata Percentage of the daily aggregate L/C Exposure (excluding the portion thereof attributable
to unreimbursed L/C Disbursements) during the preceding quarter (or shorter period commencing with
the date hereof or ending with the Maturity Date or the date on which all Letters of Credit have
been canceled or have expired and the Revolving Credit Commitments of all Lenders shall have been
terminated), at a rate per annum equal to the Applicable Percentage from time to time used to
determine the interest rate on Revolving Credit Borrowings comprised of Eurodollar Loans pursuant
to Section 2.06, and (ii) to the Issuing Bank, with respect to each Letter of Credit, a fronting
fee not in excess of 0.25% per annum on the outstanding face amount of the Letter of Credit issued,
together with the standard issuance and administrative fees specified from time to time by the
Issuing Bank (all fees in this clause (ii), collectively, the “Issuing Bank Fees”). All L/C
Participation Fees and Issuing Bank Fees shall be computed on the basis of the actual number of
days elapsed in a year of 360 days.

(d) All Fees shall be paid on the dates due, in immediately available funds, to the
Administrative Agent for distribution, if and as appropriate, among the Lenders, except
that the Issuing Bank Fees shall be paid directly to the Issuing Bank. Once paid, none of the
Fees shall be refundable under any circumstances.

 

28

 

SECTION 2.06. Interest on Loans. (a) Subject to the provisions of Section 2.07, the Loans
comprising each ABR Borrowing, including each Swingline Loan, shall bear interest (computed on the
basis of the actual number of days elapsed over a year of 365 or 366 days, as the case may be, when
the Alternate Base Rate is determined by reference to the Prime Rate and over a year of 360 days at
all other times and calculated from and including the date of such Borrowing to but excluding the
date of repayment thereof) at a rate per annum equal to the Alternate Base Rate plus the Applicable
Percentage in effect from time to time.

(b) Subject to the provisions of Section 2.07, the Loans comprising each Eurodollar Borrowing
shall bear interest (computed on the basis of the actual number of days elapsed over a year of 360
days) at a rate per annum equal to the Adjusted LIBO Rate for the Interest Period in effect for
such Borrowing plus the Applicable Percentage in effect from time to time.

(c) Interest on each Loan shall be payable on the Interest Payment Dates applicable to such
Loan except as otherwise provided in this Agreement. The applicable Alternate Base Rate or
Adjusted LIBO Rate for each Interest Period or day within an Interest Period, as the case may be,
shall be determined by the Administrative Agent, and such determination shall be conclusive absent
manifest error.

SECTION 2.07. Default Interest. If the Borrower shall default in the payment of any
principal of or interest on any Loan or any other amount due hereunder, by acceleration or
otherwise, or under any other Loan Document, then, or, if any other Event of Default shall have
occurred and be continuing and the Administrative Agent (acting at the direction of the Required
Lenders) so directs, until such defaulted amount shall have been paid in full or such other Event
of Default cured or waived, to the extent permitted by law, all amounts outstanding under this
Agreement and the other Loan Documents shall bear interest (after as well as before judgment),
payable on demand (a) in the case of principal, at the rate otherwise applicable to such Loan
pursuant to Section 2.06 plus 2% per annum and (b) in all other cases, at a rate per annum
(computed on the basis of the actual number of days elapsed over a year of 365 or 366 days, as the
case may be, when determined by reference to the Prime Rate and over a year of 360 days at all
other times) equal to the rate that would be applicable to an ABR Revolving Loan plus 2.00% per
annum.

SECTION 2.08. Alternate Rate of Interest. In the event, and on each occasion, that on the
day two Business Days prior to the commencement of any Interest Period for a Eurodollar Borrowing
the Administrative Agent shall have determined that dollar deposits in the principal amounts of the
Loans comprising such Borrowing are not generally available in the London interbank market, or that
the rates at which such dollar deposits are being offered will not adequately and fairly reflect
the cost to any Lender of making or maintaining its Eurodollar Loan during such Interest Period,
the Administrative Agent shall, as soon as practicable thereafter, give

 

29

 

notice of such determination to the Borrower and the Lenders. In the event of any such determination, until
the Administrative Agent shall have advised the Borrower and the Lenders that the circumstances
giving rise to such notice no longer exist, any request by the Borrower for a Eurodollar Borrowing
pursuant to Section 2.03 or 2.10 shall be deemed to be a request for an ABR Borrowing. Each
determination by the Administrative Agent under this Section shall be conclusive absent manifest
error.

SECTION 2.09. Termination and Reduction of Commitments. (a) The Revolving Credit
Commitments and the Swingline Commitment shall automatically terminate at 5:00 p.m. (New York City
time) on the Maturity Date. The L/C Commitment shall automatically terminate on the earlier to
occur of (i) the termination of the Revolving Credit Commitments and (ii) the date 30 days prior to
the Maturity Date.

(b) Upon at least three Business Days’ prior irrevocable notice to the Administrative Agent,
the Borrower may at any time in whole permanently terminate, or from time to time in part
permanently reduce, the Revolving Credit Commitments; provided, however, that (i) each partial
reduction of the Revolving Credit Commitments shall be in an integral multiple of $500,000 and in a
minimum amount of $1,000,000 and (ii) the total Revolving Credit Commitments shall not be reduced
to an amount that is less than the aggregate Revolving Credit Exposure at the time.

(c) Each reduction in the Revolving Credit Commitments hereunder shall be made ratably among
the Lenders in accordance with their respective Pro Rata Percentages. The Borrower shall pay to
the Administrative Agent for the account of the Lenders, on the date of each termination or
reduction, the Commitment Fees on the amount of the Revolving Credit Commitments so terminated or
reduced accrued to but excluding the date of such termination or reduction, and no Commitment Fee
on the amount of Revolving Credit Commitments so terminated or reduced shall accrue thereafter.

SECTION 2.10. Conversion and Continuation of Borrowings. The Borrower shall have the right
at any time upon prior irrevocable written notice (or telephonic notice promptly confirmed by
written notice) to the Administrative Agent (a) not later than 12:00 noon (New York City time) one
Business Day prior to conversion, to convert any Eurodollar Borrowing into an ABR Borrowing, (b)
not later than 12:00 noon (New York City time) three Business Days prior to conversion or
continuation, to convert any ABR Borrowing into a Eurodollar Borrowing or to continue any
Eurodollar Borrowing as a Eurodollar Borrowing for an additional Interest Period, and (c) not later
than 12:00 noon (New York City time) three Business Days prior to conversion, to convert the
Interest Period with respect to any Eurodollar Borrowing to another permissible Interest Period,
subject in each case to the following:

(i) each conversion or continuation shall be made pro rata among the Lenders in
accordance with the respective principal amounts of the Loans comprising the converted or
continued Borrowing;

 

30

 

(ii) if less than all the outstanding principal amount of any Borrowing shall be
converted or continued, then each resulting Borrowing shall satisfy the limitations
specified in Sections 2.02(a) and (b) regarding the principal amount and maximum number of
Borrowings of the relevant Type;

(iii) each conversion shall be effected by each Lender and the Administrative Agent
by recording for the account of such Lender the new Loan of such Lender resulting from such
conversion and reducing the Loan (or portion thereof) of such Lender being converted by an
equivalent principal amount; accrued interest on any Eurodollar Loan (or portion thereof)
being converted shall be paid by the Borrower at the time of conversion;

(iv) if any Eurodollar Borrowing is converted at a time other than the end of the
Interest Period applicable thereto, the Borrower shall pay, upon demand, any amounts due to
the Lenders pursuant to Section 2.15;

(v) any portion of a Borrowing maturing or required to be repaid in less than one
month may not be converted into or continued as a Eurodollar Borrowing;

(vi) any portion of a Eurodollar Borrowing that cannot be converted into or continued
as a Eurodollar Borrowing by reason of the immediately preceding clause shall be
automatically converted at the end of the Interest Period in effect for such Borrowing into
an ABR Borrowing; and

(vii) upon notice to the Borrower from the Administrative Agent given at the request
of the Required Lenders, after the occurrence and during the continuance of a Default or
Event of Default, no outstanding Loan may be converted into, or continued as, a Eurodollar
Loan.

Each notice pursuant to this Section shall be irrevocable, shall be substantially in the form
of Exhibit F or such other form as shall be acceptable to the Administrative Agent and shall refer
to this Agreement and specify (i) the identity and amount of the Borrowing that the Borrower
requests be converted or continued, (ii) whether such Borrowing is to be converted to or continued
as a Eurodollar Borrowing or an ABR Borrowing, (iii) if such notice requests a conversion, the date
of such conversion (which shall be a Business Day) and (iv) if such Borrowing is to be converted to
or continued as a Eurodollar Borrowing, the Interest Period with respect thereto. If no Interest
Period is specified in any such notice with respect to any conversion to or continuation as a
Eurodollar Borrowing, the Borrower shall be deemed to have selected an Interest Period of one
month’s duration. The Administrative Agent shall advise the Lenders of any notice given pursuant
to this Section and of each Lender’s portion of any converted or continued Borrowing. If the
Borrower shall not have given notice in accordance with this Section to continue any Borrowing into
a subsequent Interest Period (and shall not otherwise have given notice in accordance with this
Section to convert such Borrowing), such Borrowing shall, at the end of the Interest Period
applicable thereto (unless repaid pursuant to the terms hereof), automatically be continued into an
ABR Borrowing.

 

31

 

SECTION 2.11. Optional Prepayment. (a) The Borrower shall have the right at any time and
from time to time to prepay any Borrowing, in whole or in part, (i) upon at least three Business
Days’ prior notice in the case of Eurodollar Loans, or (ii) notice at least one Business Day prior
to the date of prepayment in the case of ABR Loans, in each case to the Administrative Agent before
12:00 noon (New York City time) on the relevant date; provided, however, that each partial
prepayment shall be in an amount that is an integral multiple of $1,000,000.

(b) Each notice of prepayment shall be substantially in the form of Exhibit G or such other
form as shall be acceptable to the Administrative Agent, shall specify the prepayment date and the
principal amount of each Borrowing (or portion thereof) to be prepaid, shall be irrevocable and
shall commit the Borrower to prepay such Borrowing by the amount stated therein on the date stated
therein. All prepayments under this Section shall be subject to Section 2.15, but otherwise shall
be without premium or penalty, and shall be accompanied by accrued and unpaid interest on the
principal amount to be prepaid to but excluding the date of payment; provided, however, that in the
case of a prepayment of an ABR Revolving Loan or a Swingline Loan that is not made in connection
with a termination of the Revolving Credit Commitments, the accrued and unpaid interest on the
principal amount prepaid to but excluding the date of prepayment shall be payable on the next
scheduled Interest Payment Date with respect to such ABR Revolving Loan or Swingline Loan.

SECTION 2.12. Mandatory Prepayments. (a) In the event of the termination of all the
Revolving Credit Commitments by the Borrower pursuant to Section 2.09, the Borrower shall, on the
date of such termination, repay or prepay all outstanding Revolving Credit Borrowings and all
outstanding Swingline Loans and replace or cause to be canceled (or make other arrangements
satisfactory to the Administrative Agent and the Issuing Bank with respect to) all outstanding
Letters of Credit. If, after giving effect to any partial reduction of the Revolving Credit
Commitments by the Borrower pursuant to Section 2.09, the aggregate Revolving Credit Exposure would
exceed the total Revolving Credit Commitments, then the Borrower shall, on the date of such
reduction, repay or prepay Revolving Credit Borrowings or Swingline Loans (or a combination
thereof), and, after the Revolving Credit Borrowings and Swingline Loans shall have been repaid or
prepaid in full, replace or cause to be canceled (or make other arrangements satisfactory to the
Administrative Agent and the Issuing Bank with respect to) Letters of Credit, in an amount
sufficient to eliminate any such excess.

(b) The Borrower shall deliver to the Administrative Agent, at the time of each prepayment
required under this Section, (i) a certificate signed by a Financial Officer of the Borrower
setting forth in reasonable detail the calculation of the amount of such prepayment and (ii) to the
extent practicable, at least three days prior written notice of such prepayment. Each notice of
prepayment shall specify the prepayment date, the Type of each Loan being prepaid and the principal
amount of each Loan (or portion thereof) to be prepaid and shall be substantially in the form of
Exhibit G or such other form as shall be acceptable to the Administrative Agent. All prepayments
of Borrowings under this Section shall be subject to Section 2.15, but otherwise shall be without
premium or
penalty, and shall be accompanied by accrued and unpaid interest on the principal amount to be
prepaid to but excluding the date of payment.

 

32

 

SECTION 2.13. Reserve Requirements; Change in Circumstances. (a) Notwithstanding any other
provision of this Agreement, if any Change in Law shall impose, modify or deem applicable any
reserve, special deposit or similar requirement against assets of, deposits with or for the account
of or credit extended by any Lender or the Issuing Bank (except any such reserve requirement which
is reflected in the Adjusted LIBO Rate) or shall impose on such Lender or the Issuing Bank or the
London interbank market any other condition affecting this Agreement or Eurodollar Loans made by
such Lender or any Letter of Credit or participation therein, and the result of any of the
foregoing shall be to increase the cost to such Lender or the Issuing Bank of making or maintaining
any Eurodollar Loan or increase the cost to any Lender of issuing or maintaining any Letter of
Credit or purchasing or maintaining a participation therein or to reduce the amount of any sum
received or receivable by such Lender or the Issuing Bank hereunder (whether of principal, interest
or otherwise) by an amount deemed by such Lender or the Issuing Bank to be material, then the
Borrower will pay to such Lender or the Issuing Bank, as the case may be, upon demand such
additional amount or amounts as will compensate such Lender or the Issuing Bank, as the case may
be, for such additional costs incurred or reduction suffered.

(b) If any Lender or the Issuing Bank shall have determined that any Change in Law regarding
capital adequacy has or would have the effect of reducing the rate of return on such Lender’s or
the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding
company, if any, as a consequence of this Agreement or the Loans made or participations in Letters
of Credit purchased by such Lender pursuant hereto or the Letters of Credit issued by the Issuing
Bank pursuant hereto to a level below that which such Lender or the Issuing Bank or such Lender’s
or the Issuing Bank’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the
Issuing Bank’s holding company with respect to capital adequacy) by an amount deemed by such Lender
or the Issuing Bank to be material, then from time to time the Borrower shall pay to such Lender or
the Issuing Bank, as the case may be, such additional amount or amounts as will compensate such
Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such
reduction suffered.

(c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or its holding company, as applicable, as
specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be
conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank the
amount shown as due on any such certificate delivered by it within 10 Business Days after its
receipt of the same.

 

33

 

(d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation for
any increased costs or reduction in amounts received or receivable or reduction in return on
capital shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such
compensation; provided that the Borrower shall not be
under any obligation to compensate any Lender or the Issuing Bank under paragraph (a) or (b)
of this Section with respect to increased costs or reductions with respect to any period prior to
the date that is 120 days prior to such request if such Lender or the Issuing Bank knew or could
reasonably have been expected to know of the circumstances giving rise to such increased costs or
reductions and of the fact that such circumstances would result in a claim for increased
compensation by reason of such increased costs or reductions; provided further that the foregoing
limitation shall not apply to any increased costs or reductions arising out of the retroactive
application of any Change in Law within such 120-day period. The protection of this Section shall
be available to each Lender and the Issuing Bank regardless of any possible contention of the
invalidity or inapplicability of the Change in Law that shall have occurred or been imposed.

SECTION 2.14. Change in Legality. (a) Notwithstanding any other provision of this
Agreement, if any Change in Law shall make it unlawful for any Lender to make or maintain any
Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any
Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent:

(i) such Lender may declare that Eurodollar Loans will not thereafter (for the
duration of such unlawfulness) be made by such Lender hereunder (or be continued for
additional Interest Periods and ABR Loans will not thereafter (for such duration) be
converted into Eurodollar Loans), whereupon any request for a Eurodollar Borrowing (or to
convert an ABR Borrowing to a Eurodollar Borrowing or to continue a Eurodollar Borrowing
for an additional Interest Period) shall, as to such Lender only, be deemed a request for
an ABR Loan (or a request to continue an ABR Loan as such for an additional Interest Period
or to convert a Eurodollar Loan into an ABR Loan, as the case may be), unless such
declaration shall be subsequently withdrawn; and

(ii) such Lender may require that all outstanding Eurodollar Loans made by it be
converted to ABR Loans, in which event all such Eurodollar Loans shall be automatically
converted to ABR Loans as of the effective date of such notice as provided in paragraph (b)
of this Section.

In the event any Lender shall exercise its rights under clause (i) or (ii) above, all payments and
prepayments of principal that would otherwise have been applied to repay the Eurodollar Loans that
would have been made by such Lender or the converted Eurodollar Loans of such Lender shall instead
be applied to repay the ABR Loans made by such Lender in lieu of, or resulting from the conversion
of, such Eurodollar Loans.

(b) For purposes of this Section, a notice to the Borrower by any Lender shall be effective
as to each Eurodollar Loan made by such Lender, if lawful, on the last day of the Interest Period
then applicable to such Eurodollar Loan; in all other cases such notice shall be effective on the
date of receipt by the Borrower.

 

34

 

SECTION 2.15. Indemnity. The Borrower shall indemnify each Lender against any loss or
expense that such Lender may sustain or incur as a consequence (other than as
a result of the gross negligence or willful misconduct of such Lender) of (a) any event, other
than a default by such Lender in the performance of its obligations hereunder, which results in (i)
such Lender receiving or being deemed to receive any amount on account of the principal of any
Eurodollar Loan prior to the end of the Interest Period in effect therefor, (ii) the conversion of
any Eurodollar Loan to an ABR Loan, or the conversion of the Interest Period with respect to any
Eurodollar Loan, in each case other than on the last day of the Interest Period in effect therefor,
or (iii) any Eurodollar Loan to be made by such Lender (including any Eurodollar Loan to be made
pursuant to a conversion or continuation under Section 2.10) not being made after notice of such
Loan shall have been given by the Borrower hereunder (any of the events referred to in this clause
(a) being called a “Breakage Event”) or (b) any default in the making of any payment or prepayment
required to be made hereunder. In the case of any Breakage Event, such loss shall include an
amount equal to the excess, as reasonably determined by such Lender, of (i) its cost of obtaining
funds for the Eurodollar Loan that is the subject of such Breakage Event for the period from the
date of such Breakage Event to the last day of the Interest Period in effect (or that would have
been in effect) for such Loan over (ii) the amount of interest likely to be realized by such Lender
in redeploying the funds released or not utilized by reason of such Breakage Event for such period.
A certificate of any Lender setting forth any amount or amounts which such Lender is entitled to
receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent
manifest error.

SECTION 2.16. Pro Rata Treatment. Except as provided below in this Section with respect to
Swingline Loans, as required under Section 2.14 or as required pursuant to the last sentence of
Section 2.02(a), each Borrowing, each payment or prepayment of principal of any Borrowing, each
payment of interest on the Loans, each payment of the Commitment Fees, each reduction of the
Commitments of any Class and each conversion of any Borrowing to or continuation of any Borrowing
as a Borrowing of any Type shall be allocated pro rata among the Lenders in accordance with their
respective applicable Commitments (or, if such Commitments shall have expired or been terminated,
in accordance with the respective principal amounts of their outstanding Loans). For purposes of
determining the available Revolving Credit Commitments of the Lenders at any time, each outstanding
Swingline Loan shall be deemed to have utilized the Revolving Credit Commitments of the Lenders
(including those Lenders which shall not have made Swingline Loans) pro rata in accordance with
such respective Revolving Credit Commitments. Each Lender agrees that in computing such Lender’s
portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion,
round each Lender’s percentage of such Borrowing to the next higher or lower whole dollar amount.

 

35

 

SECTION 2.17. Sharing of Setoffs. Each Lender agrees that if it shall, through the exercise
of a right of banker’s lien, setoff or counterclaim against the Borrower or any other Loan Party,
or pursuant to a secured claim under Section 506 of Title 11 of the United States Code or other
security or interest arising from, or in lieu of, such secured claim, received by such Lender under
any applicable bankruptcy, insolvency or other similar law or otherwise, or by any other means,
obtain payment (voluntary or involuntary) in respect of any Loan or Loans or L/C Disbursement as a
result of which
the unpaid principal portion of its Loans and participations in L/C Disbursements shall be
proportionately less than the unpaid principal portion of the Loans and participations in L/C
Disbursements of any other Lender, it shall be deemed simultaneously to have purchased from such
other Lender at face value, and shall promptly pay to such other Lender the purchase price for, a
participation in the Loans and L/C Exposure of such other Lender, so that the aggregate unpaid
principal amount of the Loans and L/C Exposure and participations in Loans and L/C Exposure held by
each Lender shall be in the same proportion to the aggregate unpaid principal amount of all Loans
and L/C Exposure then outstanding as the principal amount of its Loans and L/C Exposure prior to
such exercise of banker’s lien, setoff or counterclaim or other event was to the principal amount
of all Loans and L/C Exposure outstanding prior to such exercise of banker’s lien, setoff or
counterclaim or other event; provided, however, that if any such purchase or purchases or
adjustments shall be made pursuant to this Section and the payment giving rise thereto shall
thereafter be recovered, such purchase or purchases or adjustments shall be rescinded to the extent
of such recovery and the purchase price or prices or adjustment restored without interest. The
Borrower expressly consents to the foregoing arrangements and agrees that any Lender holding a
participation in a Loan or L/C Disbursement deemed to have been so purchased may exercise any and
all rights of banker’s lien, setoff or counterclaim in accordance with the terms and conditions of
this Agreement and applicable law with respect to any and all moneys owing by the Borrower to such
Lender by reason thereof as fully as if such Lender had made a Loan directly to the Borrower in the
amount of such participation.

SECTION 2.18. Payments. (a) The Borrower shall make each payment (including principal of or
interest on any Borrowing or any L/C Disbursement or any Fees or other amounts) hereunder and under
any other Loan Document not later than 12:00 noon (New York City time) on the date when due in
immediately available dollars, without setoff, defense or counterclaim. Each such payment (other
than (i) Issuing Bank Fees, which shall be paid directly to the Issuing Bank, and (ii) principal of
and interest on Swingline Loans, which shall be paid directly to the Swingline Lender except as
otherwise provided in Section 2.20(e)) shall be made to the Administrative Agent at its offices at
Eleven Madison Avenue, New York, New York 10010. The Administrative Agent shall distribute any
such payments received by it for the account of any other person to the appropriate recipient
following receipt thereof.

(b) Except as otherwise expressly provided herein, whenever any payment (including principal
of or interest on any Borrowing or any Fees or other amounts) hereunder or under any other Loan
Document shall become due, or otherwise would occur, on a day that is not a Business Day, such
payment may be made on the next succeeding Business Day, and such extension of time shall in such
case be included in the computation of interest or Fees, if applicable, up to but excluding the day
of payment.

 

36

 

SECTION 2.19. Taxes. (a) Any and all payments by or on account of any obligation of the
Borrower or any other Loan Party hereunder or under any other Loan Document shall be made free and
clear of and without deduction for any Taxes unless such withholding is required by law. If the
Administrative Agent or any Loan Party determines, in its sole discretion exercised in good faith,
that it is so required to withhold
Taxes, then such Administrative Agent or Loan Party may so withhold and shall timely pay the
full amount of withheld Taxes to the relevant Governmental Authority in accordance with applicable
law. If such Taxes are Indemnified Taxes or Other Taxes then (i) the sum payable shall be
increased as necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section) the Administrative Agent, Lender or
Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no
such deductions been made, (ii) the Borrower or such Loan Party shall make such deductions and
(iii) the Borrower or such Loan Party shall pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law.

(b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable law.

(c) The Borrower shall indemnify the Administrative Agent, each Lender and the Issuing Bank,
within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes paid by the Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or
with respect to any payment by or on account of any obligation of the Borrower or any other Loan
Party hereunder or under any other Loan Document (including Indemnified Taxes or Other Taxes
imposed or asserted on or attributable to amounts payable under this Section) and any penalties,
interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to
the Borrower by a Lender or the Issuing Bank, or by the Administrative Agent on behalf of itself or
a Lender, shall be conclusive absent manifest error.

(d) Each Lender shall severally indemnify the Administrative Agent, within 10 days after
written demand therefor, for the full amount of any Excluded Taxes attributable to such Lender that
are paid by the Administrative Agent on or with respect to any payment by or on account of any
obligation of the Borrower or any other Loan Party hereunder or under any other Loan Document and
any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether
or not such Excluded Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to
the Lender by the Administrative Agent shall be conclusive absent manifest error.

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

 

37

 

(f) Each Foreign Lender hereby agrees that it shall, no later than the Closing Date, in the
case of a Lender that becomes a party hereto after the Closing Date, within 10 days after such
Foreign Lender becomes a party hereto, or, in the case where a Foreign Lender changes its
applicable lending office by designating a different lending office (a “New Lending Office”),
within 10 days after such Lender designates the New Lending Office, and from time to time
thereafter upon the reasonable request of the Borrower or the Administrative Agent, but only if
such Foreign Lender is legally able to do so, deliver to the Borrower and the Administrative Agent
either (i) two accurate, complete and signed copies of either (x) U.S. Internal Revenue Service
Form W-8ECI or successor form, or (y) U.S. Internal Revenue Service Form W-8BEN or successor form,
in each case, indicating that such Foreign Lender is on the date of delivery thereof entitled to
receive payments of interest hereunder free from, or subject to a reduced rate of, withholding of
United States Federal income tax or (ii) in the case of such a Lender that is entitled to claim
exemption from withholding of United States Federal income tax under Section 871(h) or Section
881(c) of the Code, (x) a certificate to the effect that such Lender is (A) not a “bank” within the
meaning of Section 881(c)(3)(A) of the Code, (B) not a “10 percent shareholder” within the meaning
of Section 881(c)(3)(B) of the Code and (C) not a controlled foreign corporation described in
Section 881(c)(3)(C) of the Code and (y) two accurate, complete and signed copies of U.S. Internal
Revenue Service Form W-8BEN or successor form. In addition, each Foreign Lender shall deliver such
forms promptly upon the obsolescence or invalidity of any form previously delivered by such Foreign
Lender and shall deliver such forms within 20 days after receipt of a written request therefor from
the Borrower or the Administrative Agent.

(g) Each Lender and Administrative Agent that is a U.S. person as that term is defined in
Section 7701(a)(30) of the Code, other than a Lender or Administrative Agent that may be treated as
an exempt recipient based on the indicators described in Treasury Regulation Section
1.6049-4(c)(1)(ii), hereby agrees that it shall, no later than the Closing Date or, in the case of
a Lender that becomes a party hereto after the Closing Date, within 10 days after such Lender
becomes a party hereto, deliver to the Administrative Agent two accurate, complete and signed
copies of U.S. Internal Revenue Service Form W-9 or successor form, certifying that such Lender or
Administrative Agent, as the case may be, is on the date of delivery thereof entitled to an
exemption from United States backup withholding tax. Unless the Administrative Agent has received
such forms or other documents required by this Section 2.19(g), the Borrower or the Administrative
Agent, as applicable, shall withhold amounts as required by applicable requirements of law from
such payments at the applicable statutory rate.

(h) If the Administrative Agent or a Lender determines that it has received a refund of any
Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which
the Borrower has paid additional amounts pursuant to this Section 2.19, it shall pay over such
refund to the Borrower (but only to the extent of indemnity payments made, or additional amounts
paid, by the Borrower under this Section 2.19 with respect to the Taxes or Other Taxes giving rise
to such refund), net of all reasonable out-of-pocket expenses of the Administrative Agent or such
Lender and without interest (other than any interest paid by the

 

38

 

relevant Governmental Authority
with respect to such refund); provided that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Borrower
(plus any penalties, interest or other charges imposed by the relevant Governmental Authority
unless the Governmental Authority assessed such penalties, interest or other charges due to the
gross negligence or willful misconduct of the Administrative Agent or such Lender) to the
Administrative Agent or such Lender in the event the Administrative Agent or such Lender is
required to repay such refund to Governmental Authority. This Section shall not be construed to
require the Administrative Agent or any Lender to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to the Borrower or any other person.

(i) If a payment made to a Lender under any Loan Document would be subject to U.S. Federal
withholding Tax imposed by FATCA if such Lender fails to comply with the applicable reporting
requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as
applicable), such Lender shall deliver to the Borrower and Administrative Agent (A) a certification
signed by the chief financial officer, principal accounting officer, treasurer or controller and
(B) other documentation reasonably requested by the Borrower or Administrative Agent sufficient for
the Borrower and Administrative Agent to comply with their obligations under FATCA and to determine
that such Lender has complied with such applicable reporting requirements.

SECTION 2.20. Assignment of Commitments Under Certain Circumstances; Duty to Mitigate. (a)
In the event (i) any Lender or the Issuing Bank delivers a certificate requesting compensation
pursuant to Section 2.13, (ii) any Lender or the Issuing Bank delivers a notice described in
Section 2.14, (iii) the Borrower is required to pay any additional amount to any Lender or the
Issuing Bank or any Governmental Authority on account of any Lender or the Issuing Bank pursuant to
Section 2.19 or (iv) any Lender refuses to consent to any amendment, waiver or other modification
of any Loan Document requested by the Borrower that requires the consent of a greater percentage of
the Lenders than the Required Lenders and such amendment, waiver or other modification is consented
to by the Required Lenders, the Borrower may, at its sole expense and effort (including with
respect to the processing and recordation fee referred to in Section 9.04(b)), upon notice to such
Lender or the Issuing Bank and the Administrative Agent, require such Lender or the Issuing Bank to
transfer and assign, without recourse (in accordance with and subject to the restrictions contained
in Section 9.04), all of its interests, rights and obligations under this Agreement (or, in the
case of clause (iv) above, all of its interests, rights and obligations with respect to the Class
of Loans or Commitments that is the subject of the related consent, amendment, waiver or other
modification) to an assignee that shall assume such assigned obligations (which assignee may be
another Lender, if a Lender accepts such assignment); provided that (x) such assignment shall not
conflict with any law, rule or regulation or order of any court or other Governmental Authority
having jurisdiction, (y) the Borrower shall have received the prior written consent of the
Administrative Agent (and, if a Revolving Credit Commitment is being assigned, the Issuing Bank and
the Swingline Lender), which consents shall not unreasonably be withheld, and (z) the Borrower or
such assignee shall have paid to the affected Lender or the Issuing Bank in

 

39

 

immediately available
funds an amount equal to the sum of the principal of and interest accrued to the date of such payment on the outstanding Loans or L/C Disbursements of such Lender or the Issuing Bank,
respectively, plus all Fees and other amounts accrued for the account of such Lender or the Issuing
Bank hereunder (including any amounts under Sections 2.13 and 2.15); provided further that, if
prior to any such transfer and assignment the circumstances or event that resulted in such Lender’s
or the Issuing Bank’s claim for compensation under Section 2.13, notice under Section 2.14 or the
amounts paid pursuant to Section 2.19, as the case may be, cease to cause such Lender or the
Issuing Bank to suffer increased costs or reductions in amounts received or receivable or reduction
in return on capital, cease to have the consequences specified in Section 2.14 or cease to result
in amounts being payable under Section 2.19, as the case may be (including as a result of any
action taken by such Lender or the Issuing Bank pursuant to paragraph (b) of this Section), or if
such Lender or the Issuing Bank shall waive its right to claim further compensation under Section
2.13 in respect of such circumstances or event, shall withdraw its notice under Section 2.14 or
shall waive its right to further payments under Section 2.19 in respect of such circumstances or
event or shall consent to the proposed amendment, waiver, consent or other modification, as the
case may be, then such Lender or the Issuing Bank shall not thereafter be required to make any such
transfer and assignment hereunder. Each Lender hereby grants to the Administrative Agent an
irrevocable power of attorney (which power is coupled with an interest) to execute and deliver, on
behalf of such Lender as assignor, any Assignment and Acceptance necessary to effectuate any
assignment of such Lender’s interests hereunder in the circumstances contemplated by this
paragraph.

(b) If (i) any Lender or the Issuing Bank shall request compensation under Section 2.13, (ii)
any Lender or the Issuing Bank delivers a notice described in Section 2.14 or (iii) the Borrower is
required to pay any additional amount to any Lender or the Issuing Bank or any Governmental
Authority on account of any Lender or the Issuing Bank, pursuant to Section 2.19, then such Lender
or the Issuing Bank shall use reasonable efforts (which shall not require such Lender or the
Issuing Bank to incur an unreimbursed loss or unreimbursed cost or expense or otherwise take any
action inconsistent with its internal policies or legal or regulatory restrictions or suffer any
disadvantage or burden deemed by it to be significant) (x) to file any certificate or document
reasonably requested in writing by the Borrower or (y) to assign its rights and delegate and
transfer its obligations hereunder to another of its offices, branches or affiliates, if such
filing or assignment would reduce its claims for compensation under Section 2.13, enable it to
withdraw its notice pursuant to Section 2.14 or would reduce amounts payable pursuant to Section
2.19, as the case may be, in the future. The Borrower hereby agrees to pay all reasonable costs
and expenses incurred by any Lender or the Issuing Bank in connection with any such filing or
assignment, delegation and transfer.

 

40

 

SECTION 2.21. Swingline Loans. (a) Swingline Commitment. Subject to the terms and
conditions and relying upon the representations and warranties herein set forth, the Swingline
Lender agrees to make loans to the Borrower at any time and from time to time on and after the
Closing Date and until the earlier of the Maturity Date and the termination of the Revolving Credit
Commitments, in an aggregate principal amount at any time outstanding that will not result in (i)
the aggregate principal amount of all
Swingline Loans exceeding $5,000,000 in the aggregate or (ii) the aggregate Revolving Credit
Exposure, after giving effect to any Swingline Loan, exceeding the aggregate Revolving Credit
Commitments. Each Swingline Loan shall be in a principal amount that is an integral multiple of
$50,000. The Swingline Commitment may be terminated or reduced from time to time as provided
herein. Within the foregoing limits, the Borrower may borrow, pay or prepay and reborrow Swingline
Loans hereunder, subject to the terms, conditions and limitations set forth herein.
Notwithstanding anything to the contrary contained in this Section 2.21 or elsewhere in this
Agreement, the Swingline Lender shall not be obligated to make any Swingline Loan at a time when a
Lender is a Defaulting Lender unless the Swingline Lender has entered into arrangements
satisfactory to it and the Borrower to eliminate the Swingline Lender’s risk with respect to the
Defaulting Lenders’ participation in such Swingline Loans, including by cash collateralizing such
Defaulting Lender’s Pro Rata Percentage of the outstanding Swingline Loans.

(b) Swingline Loans. The Borrower shall notify the Swingline Lender by fax, or by telephone
(promptly confirmed by fax), not later than 12:00 noon (New York City time) on the day of a
proposed Swingline Loan. Such notice shall be delivered on a Business Day, shall be irrevocable
and shall refer to this Agreement and shall specify the requested date (which shall be a Business
Day) and amount of such Swingline Loan and the wire transfer instructions for the account of the
Borrower to which the proceeds of the Swingline Loan should be transferred. The Swingline Lender
shall make each Swingline Loan by wire transfer to the account specified in such request.

(c) Prepayment. The Borrower shall have the right at any time and from time to time to
prepay any Swingline Loan, in whole or in part, upon giving written or fax notice (or telephone
notice promptly confirmed by written, or fax notice) to the Swingline Lender before 12:00 noon (New
York City time) on the date of prepayment at the Swingline Lender’s address for notices specified
herein.

(d) Interest. Each Swingline Loan shall be an ABR Loan and, subject to the provisions of
Section 2.07, shall bear interest as provided in Section 2.06(a).

(e) Participations. The Swingline Lender may by written notice given to the Administrative
Agent not later than 12:00 noon (New York City time) on any Business Day require the Revolving
Credit Lenders to acquire participations on such Business Day in all or a portion of the Swingline
Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which
Revolving Credit Lenders will participate. The Administrative Agent will, promptly upon receipt of
such notice, give notice to each Revolving Credit Lender, specifying in such notice such Revolving
Credit Lender’s Pro Rata Percentage of such Swingline Loan or Loans. In furtherance of the
foregoing, each Revolving Credit Lender hereby absolutely and unconditionally agrees, upon receipt
of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline
Lender, such Revolving Credit Lender’s Pro Rata Percentage of such Swingline Loan or Loans. Each
Revolving Credit Lender acknowledges and agrees that its obligation to acquire participations in
Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be

 

41

 

affected
by any circumstance whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that each
such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
Each Revolving Credit Lender shall comply with its obligation under this paragraph by wire transfer
of immediately available funds, in the same manner as provided in Section 2.02(c) with respect to
Loans made by such Lender (and Section 2.02(c) shall apply, mutatis mutandis, to the payment
obligations of the Revolving Credit Lenders) and the Administrative Agent shall promptly pay to the
Swingline Lender the amounts so received by it from the Revolving Credit Lenders. The
Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired
pursuant to this paragraph and thereafter payments in respect of such Swingline Loan shall be made
to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline
Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan
after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be
promptly remitted to the Administrative Agent; any such amounts received by the Administrative
Agent shall be promptly remitted by the Administrative Agent to the Revolving Credit Lenders that
shall have made their payments pursuant to this paragraph and to the Swingline Lender, as their
interests may appear. The purchase of participations in a Swingline Loan pursuant to this paragraph
shall not relieve the Borrower (or other party liable for obligations of the Borrower) of any
default in the payment thereof.

SECTION 2.22. Letters of Credit. (a) General. The Borrower may request the issuance of a
Letter of Credit for its own account or for the account of any of its Subsidiaries (in which case
the Borrower and such Subsidiary shall be co-applicants with respect to such Letter of Credit), in
a form reasonably acceptable to the Administrative Agent and the Issuing Bank, at any time and from
time to time while the L/C Commitment remains in effect; provided that the Issuing Bank shall not
be required to issue, extend or renew any Letter of Credit after the date that is 30 days prior to
the Maturity Date. This Section shall not be construed to impose an obligation upon the Issuing
Bank to issue any Letter of Credit that is inconsistent with the terms and conditions of this
Agreement. Notwithstanding anything to the contrary contained in this Section 2.22 or elsewhere in
this Agreement, in the event that a Revolving Credit Lender is a Defaulting Lender, the Issuing
Bank shall not be required to issue any Letter of Credit unless the Issuing Bank has entered into
arrangements satisfactory to it and the Borrower to eliminate the Issuing Bank’s risk with respect
to the participation in Letters of Credit by all such Defaulting Lenders, including by cash
collateralizing each such Defaulting Lender’s Pro Rata Percentage of each Letter of Credit.

(b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to
request the issuance of a Letter of Credit, the Borrower shall hand deliver or fax to the Issuing
Bank and the Administrative Agent (reasonably in advance of the requested date of issuance,
amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or
identifying the Letter of Credit to be amended, renewed or extended, the date of issuance,
amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall
comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and
address of the beneficiary thereof and such other information as shall be necessary to prepare such
Letter of Credit. A Letter of
  Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment,
renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant
that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure
shall not exceed the lesser of $35,000,000 and the amount then authorized by the board of directors
of the Borrower and (ii) the aggregate Revolving Credit Exposure shall not exceed the aggregate
Revolving Credit Commitments.

 

42

 

(c) Expiration Date. Each Letter of Credit shall expire at the close of business on the
earlier of the date one year after the date of the issuance of such Letter of Credit and the date
that is five Business Days prior to the Maturity Date, unless such Letter of Credit expires by its
terms on an earlier date; provided, however, that a Letter of Credit may, upon the request of the
Borrower, include a provision whereby such Letter of Credit shall be renewed automatically for
additional consecutive periods of 12 months or less (but not beyond the date that is five Business
Days prior to the Maturity Date) unless the Issuing Bank notifies the beneficiary thereof at least
30 days prior to the then-applicable expiration date that such Letter of Credit will not be
renewed.

(d) Participations. By the issuance of a Letter of Credit and without any further action on
the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Revolving
Credit Lender, and each such Revolving Credit Lender hereby acquires from the Issuing Bank, a
participation in such Letter of Credit equal to such Revolving Credit Lender’s Pro Rata Percentage
of the aggregate amount available to be drawn under such Letter of Credit, effective upon the
issuance of such Letter of Credit (or, with respect to any Existing Letter of Credit, effective
upon the Restatement Effective Date). In consideration and in furtherance of the foregoing, each
Revolving Credit Lender hereby absolutely and unconditionally agrees to pay to the Administrative
Agent, for the account of the Issuing Bank, such Revolving Credit Lender’s Pro Rata Percentage of
each L/C Disbursement made by the Issuing Bank and not reimbursed by the Borrower (or, if
applicable, another party pursuant to its obligations under any other Loan Document) forthwith on
the date due as provided in paragraph (e) below. Each Revolving Credit Lender acknowledges and
agrees that its obligation to acquire participations pursuant to this paragraph in respect of
Letters of Credit is absolute and unconditional and shall not be affected by any circumstance
whatsoever, including the occurrence and continuance of a Default or an Event of Default, and that
each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

(e) Reimbursement. If the Issuing Bank shall make any L/C Disbursement in respect of a
Letter of Credit, the Borrower shall reimburse such L/C Disbursement by paying to the
Administrative Agent an amount equal to such L/C Disbursement not later than 12:00 noon, New York
City time, on the Business Day following the date that such L/C Disbursement is made; provided that
(i) if notice of such L/C Disbursement is received by the Borrower later than 10:00 a.m., New York
City time, on the Business Day on which such L/C Disbursement is made, then such reimbursement
shall not be required until the second Business Day following the date such L/C Disbursement is
made and (ii) the Borrower may, subject to the conditions to borrowing set forth herein, request in

 

43

 

accordance with Section 2.03 that such payment be financed with an ABR Revolving Borrowing or a Swingline Loan in an equivalent amount and, to the extent so
financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the
resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment
when due, the Administrative Agent shall notify each Revolving Credit Lender of the applicable L/C
Disbursement, the payment then due from the Borrower in respect thereof and such Revolving Credit
Lender’s Pro Rata Percentage thereof. Promptly following receipt of such notice, each Revolving
Credit Lender shall pay to the Administrative Agent its Pro Rata Percentage of the payment then due
from the Borrower, in the same manner as provided in Section 2.02 with respect to Loans made by
such Revolving Credit Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment
obligations of the Revolving Credit Lenders), and the Administrative Agent shall promptly pay to
the Issuing Bank the amounts so received by it from the Revolving Credit Lenders. Promptly
following receipt by the Administrative Agent of any payment from the Borrower pursuant to this
paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the
extent that Revolving Credit Lenders have made payments pursuant to this paragraph to reimburse the
Issuing Bank, then to such Revolving Credit Lenders and the Issuing Bank as their interests may
appear. Any payment made by a Revolving Credit Lender pursuant to this paragraph to reimburse the
Issuing Bank for any L/C Disbursement (other than the funding of ABR Revolving Loans or a Swingline
Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its
obligation to reimburse such L/C Disbursement.

(f) Obligations Absolute. The Borrower’s obligations to reimburse L/C Disbursements as
provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement, under any and all
circumstances whatsoever, and irrespective of:

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

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

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

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

 

44

 

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

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

Without limiting the generality of the foregoing, it is expressly understood and agreed that the
absolute and unconditional obligation of the Borrower hereunder to reimburse L/C Disbursements will
not be excused by the gross negligence or willful misconduct of the Issuing Bank. The foregoing
shall not, however, be construed to excuse the Issuing Bank from liability to the Borrower to the
extent of any direct damages (as opposed to consequential damages, claims in respect of which are
hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower
that are caused by the Issuing Bank’s gross negligence or willful misconduct in determining whether
drafts and other documents presented under a Letter of Credit comply with the terms thereof. It is
understood that the Issuing Bank may accept documents that appear on their face to be in order,
without responsibility for further investigation, regardless of any notice or information to the
contrary and, in making any payment under any Letter of Credit (i) the Issuing Bank’s exclusive
reliance on the documents presented to it under such Letter of Credit as to any and all matters set
forth therein, including reliance on the amount of any draft presented under such Letter of Credit,
whether or not the amount due to the beneficiary thereunder equals the amount of such draft and
whether or not any document presented pursuant to such Letter of Credit proves to be insufficient
in any respect, if such document on its face appears to be in order, and whether or not any other
statement or any other document presented pursuant to such Letter of Credit proves to be forged or
invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever and
(ii) any noncompliance in any immaterial respect of the documents presented under such Letter of
Credit with the terms thereof shall, in each case, be deemed not to constitute gross negligence or
willful misconduct of the Issuing Bank.

(g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof,
examine all documents purporting to represent a demand for payment under a Letter of Credit. The
Issuing Bank shall as promptly as possible give telephonic notification, confirmed by fax, to the
Administrative Agent and the Borrower of such demand for payment and whether the Issuing Bank has
made or will make an L/C Disbursement thereunder; provided that (i) the Issuing Bank shall use
reasonable efforts to notify the Borrower prior to making payment on a standby letter of credit and
(ii) any failure to give or delay in giving any notice referred to in this paragraph shall not
relieve the Borrower of its obligation to reimburse the Issuing Bank and the Revolving Credit
Lenders with respect to any such L/C Disbursement.

 

45

 

(h) Interim Interest. If the Issuing Bank shall make any L/C Disbursement in respect of a
Letter of Credit, then, unless the Borrower shall reimburse such L/C
Disbursement in full on such date, the unpaid amount thereof shall bear interest for the
account of the Issuing Bank, for each day from and including the date of such L/C Disbursement, to
but excluding the earlier of the date of payment by the Borrower or the date on which such L/C
Disbursement is refinanced with a Revolving Loan or a Swingline Loan pursuant to paragraph (e)
above, at the rate per annum that would apply to such amount if such amount were an ABR Revolving
Loan.

(i) Resignation or Removal of the Issuing Bank. The Issuing Bank may resign at any time by
giving 45 days’ prior written notice to the Administrative Agent, the Lenders and the Borrower, and
may be removed at any time by the Borrower by notice to the Issuing Bank, the Administrative Agent
and the Lenders. Upon the acceptance of any appointment as the Issuing Bank hereunder by a Lender
that shall agree to serve as successor Issuing Bank, such successor shall succeed to and become
vested with all the interests, rights and obligations of the retiring Issuing Bank and the retiring
Issuing Bank shall be discharged from its obligations to issue additional Letters of Credit
hereunder. At the time such removal or resignation shall become effective, the Borrower shall pay
all unpaid fees accrued pursuant to clause (ii) of Section 2.05(c). The acceptance of any
appointment as the Issuing Bank hereunder by a successor Lender shall be evidenced by an agreement
entered into by such successor, in a form satisfactory to the Borrower and the Administrative
Agent, and, from and after the effective date of such agreement, (i) such successor Lender shall
have all the rights and obligations of the previous Issuing Bank under this Agreement and the other
Loan Documents and (ii) references herein and in the other Loan Documents to the term “Issuing
Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such
successor and all previous Issuing Banks, as the context shall require. After the resignation or
removal of the Issuing Bank hereunder, the retiring Issuing Bank shall remain a party hereto and
shall continue to have all the rights and obligations of an Issuing Bank under this Agreement and
the other Loan Documents with respect to Letters of Credit issued by it prior to such resignation
or removal, but shall not be required to issue additional Letters of Credit.

(j) Cash Collateralization. If any Event of Default shall occur and be continuing, the
Borrower shall, on the Business Day it receives notice from the Administrative Agent or the
Required Lenders (or, if the maturity of the Loans has been accelerated, Revolving Credit Lenders
holding participations in outstanding Letters of Credit representing greater than 50% of the
aggregate undrawn amount of all outstanding Letters of Credit) thereof and of the amount to be
deposited, deposit in an account with the Administrative Agent, for the benefit of the Lenders, an
amount in cash equal to the L/C Exposure as of such date. Such deposit shall be held by the
Administrative Agent as collateral for the payment and performance of the Bank Obligations. The
Administrative Agent shall have exclusive dominion and control, including the exclusive right of
withdrawal, over such account. Other than any interest earned on the investment of such deposits
in Permitted Investments, which investments shall be made at the option and sole discretion of the
Administrative Agent, such deposits shall not bear interest. Interest or profits, if any, on such
investments shall accumulate in such account. Moneys in such account shall (i) automatically be
applied by the Administrative Agent to reimburse the Issuing Bank for L/C Disbursements for which
it has not been reimbursed, (ii) be held for the satisfaction of the reimbursement obligations of
the Borrower for the L/C Exposure at such time and
(iii) if the maturity of the Loans has been accelerated (but subject to the consent of
Revolving Credit Lenders holding participations in outstanding Letters of Credit representing
greater than 50% of the aggregate undrawn amount of all outstanding Letters of Credit), be applied
to satisfy the Bank Obligations. If the Borrower is required to provide cash collateral hereunder
as a result of the occurrence of an Event of Default, the amount remaining on deposit in the
account as described above (to the extent not applied as aforesaid) shall be returned to the
Borrower within three Business Days after all Events of Default have been cured or waived.

 

46

 

(k) Additional Issuing Banks. The Borrower may, at any time and from time to time with the
consent of the Administrative Agent (which consent shall not be unreasonably withheld) and such
Lender, designate one or more additional Lenders to act as an issuing bank under the terms of this
Agreement. Any Lender designated as an issuing bank pursuant to this paragraph shall be deemed to
be an “Issuing Bank” (in addition to being a Lender) in respect of Letters of Credit issued or to
be issued by such Lender, and, with respect to such Letters of Credit, such term shall thereafter
apply to the other Issuing Bank and such Lender.

SECTION 2.23. Incremental Commitments. (a) The Borrower may, by written notice to the
Administrative Agent from time to time, request Incremental Commitments in an amount not to exceed
the Incremental Loan Amount from one or more Incremental Lenders, which may include any existing
Lender; provided that each Incremental Lender, if not already a Lender hereunder, shall be subject
to the approval of the Administrative Agent and, in the case of any increase in Revolving Credit
Commitments, the Issuing Bank and the Swingline Lender (which approvals shall not be unreasonably
withheld or delayed). Such notice shall set forth (i) the amount of the Incremental Commitments
being requested (which, unless otherwise agreed to by the Administrative Agent, shall be in
integral multiples of $1,000,000 and a minimum amount of $5,000,000 or in an amount equal to the
remaining Incremental Amount), (ii) the date on which such Incremental Commitments are requested to
become effective (which shall not be less than five Business Days after the date of such notice)
and (iii) whether such Incremental Commitments are to be Revolving Credit Commitments or
Incremental Term Commitments. For the avoidance of doubt, no Lender shall have any obligation to
assume an Incremental Commitment.

(b) The Borrower and each Incremental Lender shall execute and deliver to the Administrative
Agent an Incremental Assumption Agreement and such other documentation as the Administrative Agent
shall reasonably specify to evidence the Incremental Commitment of such Incremental Lender. Each
such agreement shall specify the terms of the Incremental Commitments to be made thereunder;
provided, however, that, without the prior written consent of the Required Lenders, (i) the final
maturity date of any Incremental Term Loans shall be no earlier than the Maturity Date and (ii) if
the initial yield on any Incremental Term Loans (as determined by the Administrative Agent to be
equal to the sum of (A) the margin over the Adjusted LIBO Rate (including as margin the effect of
any “LIBOR floor”) applicable to the Incremental Term Loans and (B) if the Incremental Term Loans
are initially

 

47

 

made at a discount or the lenders making the same receive an “upfront” fee (as
opposed to an “arrangement” or similar fee paid solely to the arranger or arrangers of such Incremental Term Loans) from the
Borrower or any Subsidiary for doing so (the amount of such discount or fee, expressed as a
percentage of the Incremental Term Loans, being referred to herein as “OID”), the amount of such
OID divided by the lesser of (A) the average life to maturity of such Incremental Term Loans and
(B) four) exceeds (the amount of such excess being referred to herein as the “Yield Differential”)
the Applicable Percentage (plus the effect of the “LIBOR floor” contained in clause (a) of the
definition of the term “Adjusted LIBO Rate”) for Eurodollar Loans hereunder, then the Applicable
Percentages for the Loans hereunder shall automatically be increased by the Yield Differential,
effective upon the making of the Incremental Term Loans. The other economic terms of any
Incremental Term Loans (including the scheduled amortization and the mandatory and optional
prepayment provisions thereof) shall be as agreed to by the Borrower and the Incremental Lenders,
subject to the prior written approval of the Administrative Agent, and shall be set forth in the
Incremental Assumption Agreement. Without the prior written consent of the Required Lenders, any
Incremental Commitments consisting of Revolving Credit Commitments shall be identical in all
respects to the then-existing Revolving Credit Commitments; provided, however, that (x) the
Applicable Percentages, “LIBOR floor” and Commitment Fees with respect to all Revolving Credit
Commitments may be increased concurrently with the effectiveness of any Incremental Commitment and
(y) if the Incremental Lenders assuming such Revolving Credit Commitment receive an “upfront” fee
(as opposed to an “arrangement” or similar fee paid solely to the arranger or arrangers of such
Incremental Commitment) from the Borrower or any Subsidiary for doing so, then the Borrower or such
Subsidiary shall pay the same “upfront” or similar fee (in each case, as a percentage of the
applicable Revolving Credit Commitments) to the then-existing Revolving Credit Lenders in respect
of their then-existing Revolving Credit Commitments concurrently with the effectiveness of such
Incremental Commitment. The Administrative Agent shall promptly notify each Lender as to the
effectiveness of each Incremental Assumption Agreement. Each of the parties hereto hereby agrees
that, upon the effectiveness of any Incremental Assumption Agreement, this Agreement shall be
deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms
of the Incremental Commitment evidenced thereby and any increase to the Applicable Percentages,
“LIBOR floor” or Commitment Fee required by the foregoing provisions of this Section 2.23(b). Any
such deemed amendment may be memorialized in writing by the Administrative Agent with the
Borrower’s consent (not to be unreasonably withheld or delayed) and furnished to the other parties
hereto.

(c) Notwithstanding the foregoing, no Incremental Commitment shall become effective under
this Section 2.23 unless (i) on or before the date of such effectiveness, the conditions set forth
in paragraphs (b) and (d) of Section 4.01 shall be satisfied and the Administrative Agent shall
have received a certificate to that effect dated as of such date and executed by a Financial
Officer of the Borrower, and (ii) the Administrative Agent shall have received (with sufficient
copies for each of the Incremental Lenders) legal opinions, board resolutions and other closing
certificates and documentation consistent with those delivered on the Closing Date under Section
4.02.

 

48

 

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

ARTICLE III

Representations and Warranties

The Borrower represents and warrants to the Administrative Agent, the Collateral Agent, the
Issuing Bank and each Lender that:

SECTION 3.01. Organization; Powers. The Borrower and each of the Subsidiaries (a) is duly
organized, validly existing and in good standing under the laws of the jurisdiction of its
organization, (b) has all requisite power and authority to own its property and assets and to carry
on its business as now conducted and as proposed to be conducted, (c) is qualified to do business
in, and is in good standing in, every jurisdiction where such qualification is required, except
where the failure so to qualify could not reasonably be expected to result in a Material Adverse
Effect, and (d) has the power and authority to execute, deliver and perform its obligations under
each of the Loan Documents and each other agreement or instrument contemplated thereby to which it
is or will be a party and, in the case of the Borrower, to borrow hereunder.

SECTION 3.02. Authorization. The Transactions (a) have been duly authorized by all requisite
corporate and, if required, stockholder action and (b) will not (i) violate (A) any provision of
law, statute, rule or regulation, or of the certificate or articles of incorporation or other
constitutive documents or by-laws of the Borrower or any Subsidiary Guarantor, (B) any order of any
Governmental Authority or (C) any provision of any indenture, agreement or other instrument to
which the Borrower or any Subsidiary is a party or by which any of them or any of their property is
or may be bound, (ii) be in conflict with, result in a breach of or constitute (alone or with
notice or lapse of time or both) a default under, or give rise to any right to accelerate or to
require the prepayment, repurchase or redemption of any obligation under any such indenture,
agreement or other instrument or (iii) result in the creation or imposition of any Lien upon or
with respect to any property or assets now owned or hereafter acquired by the Borrower or any
Subsidiary (other than Liens created under the Security Documents).

SECTION 3.03. Enforceability. This Agreement has been duly executed and delivered by the
Borrower and constitutes, and each other Loan Document when executed and delivered by each Loan
Party party thereto will constitute, a legal, valid and binding obligation of such Loan Party
enforceable against such Loan Party in accordance with its terms, except as enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws relating to
or affecting generally the enforcement of creditors’ rights and except to the extent that
availability of the remedy of
specific performance or injunctive relief is subject to the discretion of the court before
which any proceeding thereof may be brought.

 

49

 

SECTION 3.04. Governmental Approvals. (a) No action, consent or approval of, registration
or filing with or any other action by any Governmental Authority is or will be required in
connection with the Transactions, except for (i) the filing of Uniform Commercial Code financing
statements and filings with the United States Patent and Trademark Office and the United States
Copyright Office, (ii) filings under the Assignment of Claims Act and (iii) such as have been made
or obtained and are in full force and effect.

(b) No notice of suspension, debarment or termination for default has been received by the
Borrower or any Subsidiary and no cure notice has been received by the Borrower or any Subsidiary
in connection with any Government Contract or other contract pursuant to which the Borrower or any
Subsidiary is directly or indirectly acting as a subcontractor under or in connection with a
Government Contract. Each Material Contract existing on the Closing Date is listed on Schedule
3.04(b), and documentation necessary for compliance with the Assignment of Claims Act has been
executed and delivered to the Collateral Agent by the Borrower or any Subsidiary, as applicable,
with respect to each such Material Contract.

SECTION 3.05. Financial Statements. The Borrower has heretofore furnished to the Lenders (i)
the consolidated balance sheets and related statements of operations, shareholders’ equity and cash
flows of the Borrower and its consolidated subsidiaries as of and for the fiscal years ended
September 30, 2008 and 2009 each audited by and accompanied by the unqualified opinion of Deloitte
& Touche LLP, independent public accountants, (ii) the unaudited consolidated balance sheet and
related statements of operations and cash flows of the Borrower and its consolidated subsidiaries
as of and for (A) each fiscal quarter subsequent to September 30, 2009 ended at least 45 days
before the Closing Date and (B) each fiscal month subsequent to the date of the most recent
unaudited quarterly financial statements furnished under clause (A) ended at least 30 days before
the Closing Date. Such financial statements were prepared in accordance with GAAP and present
fairly in all material respects the financial condition and results of operations and cash flows of
the Borrower and its consolidated subsidiaries as of such dates and for such periods, subject to
normal year-end adjustments in the case of the documents provided pursuant to clause (ii). Such
balance sheets and the notes thereto disclose all material liabilities, direct or contingent, of
the Borrower and its consolidated Subsidiaries as of the dates thereof.

SECTION 3.06. No Material Adverse Change. No event, change or condition has occurred that,
individually or in the aggregate, has caused, or could reasonably be expected to cause, a material
adverse effect on the business, assets, liabilities, operations or financial condition of the
Borrower and the Subsidiaries, taken as a whole, since September 30, 2009.

 

50

 

SECTION 3.07. Title to Properties; Possession Under Leases. (a) Each of the Borrower and
the Subsidiaries has good and marketable title to, or valid leasehold
interests in, all its material properties and assets, except for minor defects in title that
do not interfere with its ability to conduct its business as currently conducted or to utilize such
properties and assets for their intended purposes. All such material properties and assets are
free and clear of Liens, other than Liens expressly permitted by Section 6.02.

(b) Each of the Borrower and the Subsidiaries has complied with all obligations under all
material leases to which it is a party and all such leases are in full force and effect. Each of
the Borrower and the Subsidiaries enjoys peaceful and undisturbed possession under all such
material leases, subject to rights reserved by lessors under such leases.

SECTION 3.08. Subsidiaries. (a) Schedule 3.08(a) sets forth as of the Closing Date a
complete and accurate list of all Subsidiaries, the percentage ownership interest of the Borrower
or any Subsidiary therein and the jurisdiction of incorporation of each Subsidiary. The shares of
capital stock or other ownership interests so indicated on Schedule 3.08(a) are fully paid and
non-assessable and are owned by the Borrower or any Subsidiary, directly or indirectly, free and
clear of all Liens (other than Liens created under the Security Documents).

(b) Schedule 3.08(b) sets forth as of the Closing Date a complete and accurate list of all
Insignificant Subsidiaries, the percentage ownership interest of the Borrower or any Subsidiary
therein and the jurisdiction of incorporation of each Insignificant Subsidiary. The shares of
capital stock or other ownership interests so indicated on Schedule 3.08(b) are fully paid and
non-assessable and are owned by the Borrower or any Subsidiary, directly or indirectly, free and
clear of all Liens.

SECTION 3.09. Litigation; Compliance with Laws. (a) Except as set forth on Schedule 3.09,
there are no actions, suits or proceedings at law or in equity or by or before any Governmental
Authority now pending or, to the knowledge of the Borrower, threatened against or affecting the
Borrower or any Subsidiary or any business, property or rights of any such person (i) that involve
any Loan Document or the Transactions or (ii) as to which there is a reasonable possibility of an
adverse determination and that, if adversely determined, could reasonably be expected, individually
or in the aggregate, to result in a Material Adverse Effect.

(b) Since the Closing Date, there has been no change in the status of the matters disclosed
on Schedule 3.09 that, individually or in the aggregate, has resulted in, or materially increased
the likelihood of, a Material Adverse Effect.

(c) None of the Borrower or any of the Subsidiaries or any of their respective material
properties or assets is in violation of, nor will the continued operation of their material
properties and assets as currently conducted violate, any law, rule or regulation (including any
zoning, building, Environmental Law, ordinance, code or approval or any building permits), or is in
default with respect to any judgment, writ, injunction, decree or order of any Governmental
Authority, where such violation or default could reasonably be expected to result in a Material
Adverse Effect.

 

51

 

(d) To the Borrower’s knowledge, neither the ESOP Fiduciary nor the ESOT Trustee has made any
assertion with respect to the ESOP or the ESOT contrary to or inconsistent with the accuracy of any
representation or warranty set forth herein that could reasonably be expected to result in a
Material Adverse Effect.

(e) For all taxable periods up to and including the earlier of (i) the date on which the
Borrower terminates its election to be treated as an S corporation for U.S. Federal income tax
purposes and (ii) the issue date of the Senior Warrants, the Borrower has been and will be a valid
S corporation under Section 1361 of the Code and under the laws of those U.S. states in which the
Borrower files state income tax returns and which also recognize S corporation status for state
income tax purposes.

SECTION 3.10. Agreements. Neither the Borrower nor any Subsidiary is in default in any
manner under any provision of any indenture or other agreement or instrument evidencing Material
Indebtedness, or any other material agreement or instrument to which it is a party or by which it
or any of its properties or assets are or may be bound, where such default could reasonably be
expected to result in a Material Adverse Effect.

SECTION 3.11. Federal Reserve Regulations. (a) Neither the Borrower nor any Subsidiary is
engaged principally, or as one of its important activities, in the business of extending credit for
the purpose of buying or carrying Margin Stock.

(b) No part of the proceeds of any Loan or any Letter of Credit will be used, whether
directly or indirectly, and whether immediately, incidentally or ultimately, for any purpose that
entails a violation of, or that is inconsistent with, the provisions of the Regulations of the
Board, including Regulation T, U or X.

SECTION 3.12. Investment Company Act. Neither the Borrower nor any Subsidiary is an
“investment company” as defined in, or subject to regulation under, the Investment Company Act of
1940.

SECTION 3.13. Use of Proceeds. The Borrower will use the proceeds of the Loans and will
request the issuance of Letters of Credit only for the purposes specified in the preliminary
statement to this Agreement.

SECTION 3.14. Tax Returns. Each of the Borrower and the Subsidiaries has filed or caused to
be filed all U.S. Federal, state, local and non-U.S. tax returns or materials required to have been
filed by it and has paid or caused to be paid all taxes due and payable by it and all assessments
received by it, except for immaterial filings and amounts and taxes that are being contested in
good faith by appropriate proceedings and for which the Borrower or such Subsidiary, as applicable,
shall have set aside on its books adequate reserves.

 

52

 

SECTION 3.15. No Material Misstatements. None of the reports, financial statements, exhibits
and schedules, taken as a whole, furnished by or on behalf of the Borrower to the Administrative
Agent or any Lender in connection with the negotiation of any Loan Document or included therein or
delivered pursuant thereto contained,
contain or will contain any material misstatement of fact or omitted, omit or will omit to
state any material fact necessary to make the statements therein, in the light of the circumstances
under which they were, are or will be made, not misleading; provided that to the extent any such
information, report, financial statement, exhibit or schedule was based upon or constitutes a
forecast or projection, the Borrower represents only that it acted in good faith and utilized
reasonable assumptions and due care in the preparation of such information, report, financial
statement, exhibit or schedule.

SECTION 3.16. Employee Benefit Plans. Each of the Borrower and its ERISA Affiliates is in
compliance in all material respects with the applicable provisions of ERISA and the Code and the
regulations and published interpretations thereunder. No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other such ERISA Events, could reasonably be
expected to result in material liability of the Borrower or any of its ERISA Affiliates. The
present value of all benefit liabilities under each Plan (based on the assumptions used for
purposes of Statement of Financial Accounting Standards No. 87 or any successor thereto, including
pursuant to the Accounting Standards Codification) did not, as of the last annual valuation date
applicable thereto, exceed by more than $1,000,000 the fair market value of the assets of such
Plan, and the present value of all benefit liabilities of all underfunded Plans (based on the
assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of
the last annual valuation dates applicable thereto, exceed by more than $1,000,000 the fair market
value of the assets of all such underfunded Plans.

SECTION 3.17. Environmental Matters. (a) Except as set forth in Schedule 3.17 and except
with respect to any other matters that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect, neither the Borrower nor any Subsidiary (i) has
failed to comply with any Environmental Law or to obtain, maintain or comply with any Environmental
Permit, (ii) has become subject to any Environmental Liability, (iii) has received notice of any
claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental
Liability.

(b) Since the Closing Date, there has been no change, including with respect to the matters
disclosed on Schedule 3.17 that, individually or in the aggregate, has resulted in, or materially
increased the likelihood of, a Material Adverse Effect.

SECTION 3.18. Insurance. Schedule 3.18 sets forth a true, complete and correct description
of all insurance maintained by the Borrower or by the Borrower for its Subsidiaries as of the
Closing Date. As of each such date, such insurance is in full force and effect and all premiums
have been duly paid. The Borrower and the Subsidiaries have insurance in such amounts and covering
such risks and liabilities as are in accordance with normal industry practice.

 

53

 

SECTION 3.19. Security Documents. (a) The Security Agreement, upon execution and delivery
thereof by the parties thereto, will create in favor of the Collateral Agent, for the ratable
benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral
(as defined in the Security Agreement) and the proceeds thereof and (i) when the Pledged Collateral
(as defined in the Security Agreement) is
delivered to the Collateral Agent, the Lien created under the Security Agreement shall
constitute a fully perfected first-priority Lien on, and security interest in, all right, title and
interest of the Loan Parties in such Pledged Collateral, in each case prior and superior in right
to any other person, and (ii) when financing statements in appropriate form are filed in the
offices specified on Schedule 3.19(a), the Lien created under the Security Agreement will
constitute a fully perfected Lien on, and security interest in, all right, title and interest of
the Loan Parties in such Collateral (other than Intellectual Property, as defined in the Security
Agreement), in which a security interest may be perfected by filing in the United States of America
and its territories and possessions, in each case prior and superior in right to any other person,
other than with respect to Liens expressly permitted by Section 6.02.

(b) Upon the recordation of the Security Agreement (or a short form security agreement in
form and substance satisfactory to the Borrower and the Collateral Agent) with the United States
Patent and Trademark Office and the United States Copyright Office, together with the financing
statements in appropriate form filed in the offices specified on Schedule 3.19(a), the Lien created
under the Security Agreement shall constitute a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in the Intellectual Property (as defined in the
Security Agreement) in which a security interest may be perfected by filing in the United States of
America and its territories and possessions, in each case prior and superior in right to any other
person (it being understood that subsequent recordings in the United States Patent and Trademark
Office and the United States Copyright Office may be necessary to perfect a Lien on registered
trademarks and patents, trademark and patent applications and registered copyrights acquired by the
Loan Parties after the date hereof).

SECTION 3.20. Location of Real Property and Leased Premises. (a) Schedule 3.20(a) lists
completely and correctly as of the Closing Date all real property owned by the Borrower and the
Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real
property set forth on Schedule 3.20(a).

(b) Schedule 3.20(b) lists completely and correctly as of the Closing Date all real property
leased by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the
Subsidiaries have valid leases in all the real property set forth on Schedule 3.20(b).

SECTION 3.21. Labor Matters. As of the Closing Date, there are no strikes, lockouts or
slowdowns against the Borrower or any Subsidiary pending or, to the knowledge of the Borrower,
threatened. The hours worked by and payments made to employees of the Borrower and the
Subsidiaries have not been in material violation of the Fair Labor Standards Act or any other
applicable Federal, state, local or foreign law dealing with such matters. All material payments
due from the Borrower or any Subsidiary, or for which any claim may be made against the Borrower or
any Subsidiary, on account of wages and employee health and welfare insurance and other benefits,
have been paid or accrued as a liability on the books of the Borrower or such Subsidiary. The
consummation of the Transactions will not give rise to any right of termination or right of
renegotiation on the part of any union under any collective bargaining agreement to which the
Borrower or any Subsidiary is bound.

 

54

 

SECTION 3.22. Solvency. Immediately after the consummation of the Transactions to occur on
the Closing Date and immediately following the making of each Loan and after giving effect to the
application of the proceeds of each Loan, (a) the fair value of the assets of each Loan Party, at a
fair valuation, will exceed its debts and liabilities, subordinated, contingent or otherwise; (b)
the present fair saleable value of the property of each Loan Party will be greater than the amount
that will be required to pay the probable liability of its debts and other liabilities,
subordinated, contingent or otherwise, as such debts and other liabilities become absolute and
matured; (c) each Loan Party will be able to pay its debts and liabilities, subordinated,
contingent or otherwise, as such debts and liabilities become absolute and matured; and (d) each
Loan Party will not have unreasonably small capital with which to conduct the business in which it
is engaged as such business is now conducted and is proposed to be conducted following the Closing
Date.

SECTION 3.23. ESOP. (a) As of the Closing Date and, to the best of Borrower’s knowledge at
all times thereafter, the ESOT has been duly organized and is a validly existing trust. Except as
set forth on Schedule 3.23, each of the ESOP Plan Documents is in full force and effect and no term
or condition thereof has been amended, modified or waived from the terms and conditions contained
in the ESOP Plan Documents delivered to the Administrative Agent without the consent of the
Administrative Agent (which consent shall not be unreasonably withheld), except to the extent such
amendment, modification or waiver could not reasonably be anticipated to have a material adverse
effect upon the Administrative Agent or any of the Lenders or otherwise have a Material Adverse
Effect. As of the Closing Date and, to the best of Borrower’s knowledge at all times thereafter,
the ESOT has performed and complied with all the material terms, provisions, agreements and
conditions set forth therein and required to be performed or complied with by the ESOT, and no
unmatured default, default or breach of any covenant by any such party exists thereunder.

(b) As of the Closing Date and, to the best of the Borrower’s knowledge at all times
thereafter, the execution, delivery and performance of each of the ESOP Plan Documents to which the
ESOT is a party do not (i) conflict with the ESOP Plan Documents, (ii) conflict with any
requirement of law, or (iii) other than with respect to ordinary course ESOP operations, require a
registration with, consent or approval of, or notices to, or other action to, with or by any
Governmental Authority.

(c) As of the Closing Date and, to the best of the Borrower’s knowledge, at all times
thereafter, none of the assets of the Borrower constitute, for any purpose of ERISA or Section 4975
of the Code, assets of the ESOP or any other “plan” as defined in Section 3(3) of ERISA or Section
4975 of the Code.

(d) As of the Closing Date and, to the best of the Borrower’s knowledge, at all times
thereafter, no non-exempt prohibited transaction described in Section 406 of ERISA or Section 4975
of the Code has occurred with respect to the ESOP, and no Loan
hereunder constitutes or shall constitute or give rise to any such non-exempt prohibited
transaction.

 

55

 

(e) The ESOP is qualified under Section 401(a) of the Code, and the ESOP includes two
components, one of which is a stock bonus plan that constitutes an employee stock ownership plan as
defined in Section 4975(e)(7) of the Code, and the other is a profit sharing plan that includes a
cash or deferred arrangement under Section 401(k) of the Code.

(f) The Borrower has provided the Administrative Agent with a complete and true copy of each
of the ESOP Plan Documents pursuant to which the ESOP and the ESOT are maintained by the Borrower,
or which concern the Borrower’s obligations with respect to the ESOP and ESOT, as of the Closing
Date and has not subsequently amended or in any other way modified or replaced such ESOP Plan
Documents in any material manner without the prior written consent of the Administrative Agent,
except for any amendment, modification or replacement required by the IRS or by applicable law (and
the Borrower shall use its best efforts to deliver a copy of any such amendment, modification or
replacement to the Administrative Agent prior to the execution thereof).

(g) To the Borrower’s knowledge, no Loan hereunder is (for any purpose of Section 406 of
ERISA or Section 4975 of the Code) a direct or indirect loan or other transaction between the
Administrative Agent or any of the Lenders and the ESOT which, if it is assumed that the
Administrative Agent and the Lenders are “parties in interest” and “disqualified persons” (as
defined in Section 3(14) of ERISA and Section 4975 of the Code, respectively), is a non-exempt
prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code.

(h) Neither the Borrower nor any of its Subsidiaries is or shall be subject to the tax
imposed by Section 4978 of the Code with respect to any “disposition” by the ESOT of any shares of
Equity Interests of the Borrower.

(i) To the Borrower’s knowledge, there is no investigation or review by any Governmental
Agency, or action, suit, proceeding or arbitration, pending or concluded, concerning any matter
with respect to the ESOP or the ESOT relevant as to whether any representation set forth herein
was, or has or will at any time become, inaccurate or breached or, if it were to be made at any
time prior to the satisfaction of all Obligations, would be inaccurate when made (other than in
respect of (i) periodic requests to the IRS to issue a favorable determination letter to the effect
that the ESOP is and continues to be a qualified plan and an employee stock ownership plan, (ii)
Annual Reports (IRS Form 5500 Series) for the ESOP and (iii) routine claims for ESOP benefits), and
neither the ESOP Fiduciary nor, to the best of the Borrower’s knowledge, the ESOT Trustee has made
any assertion with respect to the ESOP or the ESOT contrary to or inconsistent with the accuracy of
any such representation which assertion could reasonably be expected to have a Material Adverse
Effect.

 

56

 

ARTICLE IV

Conditions of Lending

The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of
Credit hereunder are subject to the satisfaction of the following conditions:

SECTION 4.01. All Credit Events. On the date of each Borrowing, including each Borrowing of
a Swingline Loan and on the date of each issuance, amendment, extension or renewal of a Letter of
Credit (each such event being called a “Credit Event”):

(a) The Administrative Agent shall have received a notice of such Borrowing as required by
Section 2.03 (or such notice shall have been deemed given in accordance with Section 2.03) or, in
the case of the issuance, amendment, extension or renewal of a Letter of Credit, the Issuing Bank
and the Administrative Agent shall have received a notice requesting the issuance, amendment,
extension or renewal of such Letter of Credit as required by Section 2.22(b) or, in the case of the
Borrowing of a Swingline Loan, the Swingline Lender and the Administrative Agent shall have
received a notice requesting such Swingline Loan as required by Section 2.21(b).

(b) The representations and warranties set forth in Article III and in each other Loan
Document shall be true and correct in all material respects on and as of the date of such Credit
Event with the same effect as though made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date.

(c) In the case of a Revolving Credit Borrowing or Swingline Loan, immediately after giving
effect thereto and the intended use of proceeds thereof, the aggregate amount of cash and Permitted
Investments on hand at the Borrower and the Subsidiaries shall not exceed $3,500,000; provided that
a Company certificate of deposit with Bank of America, N.A., or an affiliate thereof in an amount
not to exceed $6,000,000 with a maturity of no more than 12 months from its date of issue shall not
count toward such $3,500,000 limitation.

(d) The Borrower and each other Loan Party shall be in compliance with all the terms and
provisions set forth herein and in each other Loan Document on its part to be observed or
performed, and at the time of and immediately after such Credit Event, no Default or Event or
Default shall have occurred and be continuing.

Each Credit Event shall be deemed to constitute a representation and warranty by the Borrower
on the date of such Credit Event as to the matters specified in paragraphs (b), (c) and (d) of this
Section.

SECTION 4.02. Restatement Effective Date. On the Restatement Effective Date:

(a) The Administrative Agent shall have received, on behalf of itself, the Lenders, the
Swingline Lender and the Issuing Bank, a favorable written opinion of
Holland & Knight LLP, counsel for the Borrower, substantially to the effect set forth in
Exhibit H, which opinion shall be (i) dated the Restatement Effective Date and (ii) addressed to
the Issuing Bank, the Administrative Agent and the Lenders. The Borrower hereby requests such
counsel to deliver such opinions.

 

57

 

(b) All legal matters incident to this Agreement, the Borrowings and extensions of credit
hereunder and the other Loan Documents shall be satisfactory to the Lenders, to the Issuing Bank
and to the Administrative Agent.

(c) The Administrative Agent shall have received (i) a copy of the certificate or articles of
incorporation, including all amendments thereto, of each Loan Party, certified as of a recent date
by the Secretary of State of the State of its organization, and a certificate as to the good
standing of each Loan Party as of a recent date, from such Secretary of State; (ii) a certificate
of the Secretary or Assistant Secretary of each Loan Party dated the Restatement Effective Date and
certifying (A) that attached thereto is a true and complete copy of the by-laws of such Loan Party
as in effect on the Restatement Effective Date and at all times since a date prior to the date of
the resolutions described in clause (B) below, (B) that attached thereto is a true and complete
copy of resolutions duly adopted by the board of directors of such Loan Party authorizing the
execution, delivery and performance of the Loan Documents to which such person is a party and, in
the case of the Borrower, the borrowings hereunder, and that such resolutions have not been
modified, rescinded or amended and are in full force and effect, (C) that the certificate or
articles of incorporation of such Loan Party have not been amended since the date of the last
amendment thereto shown on the certificate of good standing furnished pursuant to clause (i) above,
and (D) as to the incumbency and specimen signature of each officer executing any Loan Document or
any other document delivered in connection herewith on behalf of such Loan Party; and (iii) a
certificate of another officer as to the incumbency and specimen signature of the Secretary or
Assistant Secretary executing the certificate pursuant to clause (ii) above.

(d) The Administrative Agent shall have received a certificate, dated the Restatement
Effective Date and signed by a Financial Officer of the Borrower, confirming compliance with the
conditions precedent set forth in paragraphs (b), (c) and (d) of Section 4.01.

(e) The Administrative Agent shall have received all Fees and other amounts due and payable
on or prior to the Restatement Effective Date, including, to the extent invoiced, reimbursement or
payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder
or under any other Loan Document.

(f) The Incremental Assumption and Amendment Agreement shall have become effective in
accordance with its terms.

(g) The Lenders shall have received a certificate, in form and substance satisfactory to the
Lenders, from the chief financial officer of the Borrower certifying that the Borrower and the
Subsidiaries, on a consolidated basis after giving effect to the Transactions to occur on the
Restatement Effective Date, are solvent.

(h) The Lenders shall have received, to the extent requested, all documentation and other
information required by regulatory authorities under applicable “know your customer” and anti-money
laundering rules and regulations, including the USA PATRIOT Act.

 

58

 

ARTICLE V

Affirmative Covenants

The Borrower covenants and agrees with each Lender that so long as this Agreement shall remain
in effect and until the Commitments have been terminated and the principal of and interest on each
Loan, all Fees and all other expenses or amounts payable under any Loan Document shall have been
paid in full and all Letters of Credit have been canceled or have expired and all amounts drawn
thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in
writing, the Borrower will, and will cause each Subsidiary to:

SECTION 5.01. Existence; Businesses and Properties. (a) Do or cause to be done all things
necessary to preserve, renew and keep in full force and effect its legal existence, except as
otherwise expressly permitted under clause (b) below or Section 6.05; provided that, subject to
Sections 5.06 and 5.09, the Borrower and any Subsidiary may convert the form of legal entity and
change the jurisdiction of incorporation or formation to any other jurisdiction within the United
States.

(b) Do or cause to be done all things necessary to obtain, preserve, renew, extend and keep
in full force and effect the rights, licenses, permits, franchises, authorizations, patents,
copyrights, trademarks and trade names material to the conduct of its business; maintain and
operate such business in substantially the manner in which it is presently conducted and operated
(provided that nothing herein shall prevent the board of directors of the Borrower or any
Subsidiary from expanding or reducing a line of business that it deems in its business judgment to
be in the best interest of the Borrower or such Subsidiary); comply in all material respects with
all applicable laws, rules, regulations and decrees and orders of any Governmental Authority,
whether now in effect or hereafter enacted; and at all times maintain and preserve all property
material to the conduct of such business and keep such property in good repair, working order and
condition and from time to time make, or cause to be made, all needful and proper repairs,
renewals, additions, improvements and replacements thereto necessary in order that the business
carried on in connection therewith may be properly conducted at all times; provided, however, that
the foregoing shall not prevent the Borrower from dissolving a Subsidiary or discontinuing the
operation or maintenance of any of its or any Subsidiary’s property if such discontinuance is, in
the judgment of the Borrower, desirable in the conduct of its business and could not reasonably be
expected to result in a Material Adverse Effect.

 

59

 

SECTION 5.02. Insurance. (a) Keep its insurable properties adequately insured at all times
by financially sound and reputable insurers; maintain such other insurance, to such extent and
against such risks, including fire and other risks insured against by
extended coverage, as is customary with companies in the same or similar businesses operating
in the same or similar locations, including public liability insurance against claims for personal
injury or death or property damage occurring upon, in, about or in connection with the use of any
properties owned, occupied or controlled by it; and maintain such other insurance as may be
required by law.

(b) Cause all such policies covering any Collateral to be endorsed or otherwise amended to
include a customary lender’s loss payable endorsement, in form and substance satisfactory to the
Administrative Agent and the Collateral Agent, which endorsement shall provide that, from and after
the Closing Date, if the insurance carrier shall have received written notice from the
Administrative Agent or the Collateral Agent of the occurrence of an Event of Default, the
insurance carrier shall pay all proceeds otherwise payable to the Borrower or any other Loan Party
under such policies directly to the Collateral Agent; cause all such policies to provide that
neither the Borrower, the Administrative Agent, the Collateral Agent nor any other party shall be a
coinsurer thereunder and to contain a “Replacement Cost Endorsement”, without any deduction for
depreciation, and such other provisions as the Administrative Agent or the Collateral Agent may
reasonably require from time to time to protect their interests; deliver original or certified
copies of all such policies to the Collateral Agent; cause each such policy to provide that it
shall not be canceled, materially modified or not renewed (i) by reason of nonpayment of premium
upon not less than 10 days’ prior written notice thereof by the insurer to the Administrative Agent
and the Collateral Agent (giving the Administrative Agent and the Collateral Agent the right to
cure defaults in the payment of premiums) or (ii) for any other reason upon not less than 30 days’
prior written notice thereof by the insurer to the Administrative Agent and the Collateral Agent;
deliver to the Administrative Agent and the Collateral Agent, prior to the cancellation, material
modification or nonrenewal of any such policy of insurance, a copy of a renewal or replacement
policy (or other evidence of renewal of a policy previously delivered to the Administrative Agent
and the Collateral Agent) together with evidence satisfactory to the Administrative Agent and the
Collateral Agent of payment of the premium therefor.

(c) Notify the Administrative Agent and the Collateral Agent immediately whenever any
separate insurance concurrent in form or contributing in the event of loss with that required to be
maintained under this Section is taken out by the Borrower; and promptly deliver to the
Administrative Agent and the Collateral Agent a duplicate original copy of such policy or policies.

SECTION 5.03. Obligations and Taxes. Pay its Material Indebtedness and other material
obligations promptly and in accordance with their terms and pay and discharge promptly when due all
Taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits
or in respect of its property, before the same shall become delinquent or in default, as well as
all lawful claims for labor, materials and supplies or otherwise that, if unpaid, might give rise
to a Lien upon such properties or any part thereof; provided, however, that such payment and
discharge shall not be required with respect to any such Tax, assessment, charge, levy or claim so
long as the validity or amount thereof shall be contested in good faith by appropriate proceedings
and the Borrower shall have set aside on its books adequate reserves with respect thereto in
accordance with GAAP and such contest operates to suspend collection of the contested
obligation, Tax, assessment or charge and enforcement of a Lien.

 

60

 

SECTION 5.04. Financial Statements, Reports, etc. In the case of the Borrower, furnish to
the Administrative Agent for each Lender:

(a) within 90 days after the end of each fiscal year, its consolidated balance sheet
and related statements of operations, shareholders’ equity and cash flows showing the
financial condition of the Borrower and its consolidated Subsidiaries as of the close of
such fiscal year and the results of its operations and the operations of such Subsidiaries
during such year, together with comparative figures for the immediately preceding fiscal
year, all audited by Deloitte & Touche LLP or other independent public accountants of
recognized national standing and accompanied by an opinion of such accountants (which
opinion shall be without a “going concern” explanatory note or any similar qualification or
exception and without any qualification or exception as to the scope of such audit) to the
effect that such consolidated financial statements fairly present in all material respects
the financial condition and results of operations of the Borrower and its consolidated
Subsidiaries on a consolidated basis in accordance with GAAP;

(b) within 45 days after the end of each of the first three fiscal quarters of each
fiscal year, its unaudited consolidated balance sheet and related statements of operations
and cash flows showing the financial condition of the Borrower and its consolidated
Subsidiaries as of the close of such fiscal quarter and the results of its operations and
the operations of such Subsidiaries during such fiscal quarter and the then elapsed portion
of the fiscal year, and comparative figures for the same periods in the immediately
preceding fiscal year, all certified by a Financial Officer of the Borrower as fairly
presenting the financial condition and results of operations of the Borrower and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP, subject to
normal year-end audit adjustments;

(c) concurrently with any delivery of financial statements under paragraph (a) or (b)
of this Section, a certificate of a Financial Officer of the Borrower (i) certifying that
no Default or Event of Default has occurred or, if such a Default or an Event of Default
has occurred, specifying the nature and extent thereof and any corrective action taken or
proposed to be taken with respect thereto and (ii) setting forth computations in reasonable
detail satisfactory to the Administrative Agent demonstrating compliance with the covenants
contained in Sections 6.12 (in the case of a certificate delivered with the financial
statements required by paragraph (a) of this Section) and 6.13;

(d) within 90 days after the beginning of each fiscal year of the Borrower, a detailed
consolidated budget for such fiscal year (including a projected consolidated balance sheet
and related statements of projected operations and cash flows as of the end of and for such
fiscal year and setting forth the assumptions
used for purposes of preparing such budget) and, promptly when available, any
significant revisions of such budget;

 

61

 

(e) promptly after the same become publicly available, copies of all periodic and
other reports, proxy statements and other materials filed by the Borrower or any Subsidiary
with the Securities and Exchange Commission, or any Governmental Authority succeeding to
any or all of the functions of said Commission, or with any national securities exchange,
or distributed to its shareholders, as the case may be;

(f) promptly after the receipt thereof by the Borrower or any Subsidiary, a copy of
any “management letter” received by any such person from its certified public accountants
and the management’s response thereto;

(g) as soon as practicable and in any event (i) within 10 Business Days after the
receipt by the Borrower of the annual valuation report prepared for the ESOP for each
fiscal year, commencing with the fiscal year ending September 30, 2009, deliver to the
Administrative Agent a copy of such report, and (ii) on the date that is the earlier of (x)
180 days after the date of any acquisition with a purchase price in excess of $20,000,000
or for which the acquired entity shall have 300 or more employees and (y) the second
anniversary of the delivery of the most recent repurchase liability study of the Borrower
prepared for the ESOP, deliver to the Administrative Agent (with sufficient copies for each
of the Lenders) copies of a repurchase liability study of the Borrower prepared for the
ESOP as of a recent date, in each case in form and substance reasonably acceptable to the
Administrative Agent. 

(h) within 45 days after the end of the first and third fiscal quarters of the
Borrower, a certificate of a Financial Officer of the Borrower listing each new Material
Contract entered into since the Closing Date;

(i) promptly after the request by any Lender, all documentation and other information
that such Lender reasonably requests in order to comply with its ongoing obligations under
applicable “know your customer” and anti-money laundering rules and regulations, including
the USA PATRIOT Act;

(j) within 30 days after the end of each of the first two months of each fiscal
quarter, its internally prepared summary financial statements, in a form reasonably
satisfactory to the Administrative Agent, showing the consolidated financial position of
the Borrower and the Subsidiaries as of the close of such month and the results of
operations and the operations of the Subsidiaries for such month and the elapsed portion of
the fiscal year, and comparative figures for the same periods in the immediately preceding
fiscal year; and

(k) promptly, from time to time, such other information regarding the operations,
business affairs and financial condition of the Borrower or any Subsidiary, or compliance
with the terms of any Loan Document, as the
Administrative Agent or any Lender (acting through the Administrative Agent) may
reasonably request.

 

62

 

SECTION 5.05. Litigation and Other Notices. Furnish to the Administrative Agent, the Issuing
Bank and each Lender prompt written notice of the following:

(a) any Default or Event of Default, specifying the nature and extent thereof and the
corrective action, if any, taken or proposed to be taken with respect thereto;

(b) the filing or commencement of, or any threat or notice of intention of any person
to file or commence, any action, suit or proceeding, whether at law or in equity or by or
before any Governmental Authority, against the Borrower or any Affiliate thereof that could
reasonably be expected to result in a Material Adverse Effect;

(c) the occurrence of any ERISA Event that, alone or together with any other ERISA
Events that have occurred, could reasonably be expected to result in liability of the
Borrower and the Subsidiaries in an aggregate amount exceeding $1,000,000, together with a
statement of a Financial Officer of the Borrower setting forth the details of such ERISA
Event and the corrective action, if any, taken or proposed to be taken with respect
thereto;

(d) the occurrence of a material non-exempt prohibited transaction (defined in Section
406 of ERISA and Section 4975 of the Code) with respect to the ESOP or to any other Plan,
or knowledge that the IRS or any other Governmental Authority is investigating whether any
such material non-exempt prohibited transaction might have occurred, and a statement of a
Financial Officer of the Borrower describing such transaction and the corrective action, if
any, taken or proposed to be taken with respect thereto;

(e) the receipt of written notice (whether preliminary, final or otherwise but
excluding any notice of any proposed amendments) of any unfavorable determination letter
from the IRS regarding the qualification of a Plan under Section 401(a) of the Code or the
status of the ESOP as an employee stock ownership plan (as defined in Section 4975(e)(7) of
the Code), together with copies of each such letter;

(f) the receipt by the Borrower or any of its Subsidiaries of notice of any audit,
investigation, litigation or inquiry by the IRS or any other Governmental Authority
relating to the ESOP or the ESOT, which could reasonably be expected to subject the
Borrower or any of its Subsidiaries to liability, individually or in the aggregate, in
excess of $1,000,000, together with copies of each such notice and copies of all subsequent
correspondence relating thereto;

(g) the occurrence of any amendment to any of the ESOP Plan Documents; and

(h) any development that has resulted in, or could reasonably be expected to result
in, a Material Adverse Effect.

 

63

 

For purposes of this Section 5.05, the Borrower and the Subsidiaries shall be deemed to know all
facts known by the administrator of any Plan of which the Borrower or any Subsidiary is the plan
sponsor.

SECTION 5.06. Information Regarding Collateral. (a) Furnish to the Administrative Agent
prompt written notice of any change in (i) any Loan Party’s corporate name, (ii) the jurisdiction
of organization or formation of any Loan Party, (iii) any Loan Party’s identity or corporate
structure or (iv) any Loan Party’s Federal Taxpayer Identification Number. The Borrower agrees not
to effect or permit any change referred to in the preceding sentence unless all filings have been
made under the Uniform Commercial Code or otherwise that are required in order for the Collateral
Agent to continue at all times following such change to have a valid, legal and perfected security
interest in all the Collateral.

(b) In the case of the Borrower, each year, at the time of delivery of the annual financial
statements with respect to the preceding fiscal year pursuant to Section 5.04(a), deliver to the
Administrative Agent a certificate of a Financial Officer of the Borrower supplementing the
information required pursuant to the Perfection Certificate or confirming that there has been no
change in such information since the date of the Perfection Certificate delivered on the Closing
Date or the date of the most recent certificate delivered pursuant to this Section.

SECTION 5.07. Maintaining Records; Access to Properties and Inspections. Keep proper books
of record and account in which full, true and correct entries in conformity with GAAP and all
requirements of law are made of all dealings and transactions in relation to its business and
activities. Each Loan Party will, and will cause each of its subsidiaries to, permit any
representatives designated by the Administrative Agent or any Lender to visit and inspect the
financial records and the properties of such person at reasonable times and as often as reasonably
requested (but no more than twice per fiscal year of the Borrower, unless an Event of Default has
occurred and is continuing) and to make extracts from and copies of such financial records, and
permit any representatives designated by the Administrative Agent or any Lender to discuss the
affairs, finances and condition of such person with the officers thereof and independent
accountants therefor.

SECTION 5.08. Use of Proceeds. Use the proceeds of the Loans and request the issuance of
Letters of Credit only for the purposes set forth in the preliminary statement to this Agreement.

 

64

 

SECTION 5.09. Further Assurances. Execute any and all further documents, financing
statements, agreements and instruments, and take all further action (including filing Uniform
Commercial Code and other financing statements, fixture filings, mortgages and deeds of trust and
preparing all documentation relating to filings under the Assignment of Claims Act) that may be
required under applicable law, or that the
Required Lenders, the Administrative Agent or the Collateral Agent may reasonably request, in
order to effectuate the transactions contemplated by the Loan Documents and in order to grant,
preserve, protect and perfect the validity and first priority of the security interests created or
intended to be created by the Security Documents; provided, however, that notwithstanding anything
else to the contrary in the Loan Documents, none of the Loan Parties shall be required to make
filings under the Assignment of Claims Act for the assignment of Government Contracts to the
Collateral Agent unless (a) such Government Contract constitutes a Material Contract and (b) the
Administrative Agent or the Collateral Agent shall have requested, in its reasonable discretion,
that a filing under the Assignment of Claims Act be made with respect to such Government Contract.
The Borrower will cause each subsequently acquired or organized Domestic Subsidiary (excluding any
Insignificant Subsidiary) to become a Loan Party by executing the Security Agreement and each other
applicable Security Document in favor of the Collateral Agent. In addition, from time to time, the
Borrower will, at its cost and expense, promptly secure the Obligations by pledging or creating, or
causing to be pledged or created, perfected security interests with respect to such of its assets
and properties as the Administrative Agent, the Collateral Agent or the Required Lenders shall
designate (it being understood that it is the intent of the parties that the Obligations shall be
secured by substantially all the assets of the Borrower and the Subsidiary Guarantors (other than
any Insignificant Subsidiary) (including real and other properties acquired subsequent to the
Closing Date)). Such security interests and Liens will be created under the Security Documents and
other security agreements, mortgages, deeds of trust and other instruments and documents in form
and substance satisfactory to the Administrative Agent or the Collateral Agent, and the Borrower
shall deliver or cause to be delivered to the Lenders all such instruments and documents (including
legal opinions, title insurance policies and lien searches) as the Administrative Agent or the
Collateral Agent shall reasonably request to evidence compliance with this Section. The Borrower
agrees to provide such evidence as the Collateral Agent shall reasonably request as to the
perfection and priority status of each such security interest and Lien. In furtherance of the
foregoing, the Borrower will give prompt notice to the Administrative Agent of the acquisition by
it or any Subsidiary of any real property (or any interest in real property) having a value in
excess of $500,000.

 

65

 

ARTICLE VI

Negative Covenants

The Borrower covenants and agrees with each Lender that, so long as this Agreement shall
remain in effect and until the Commitments have been terminated and the principal of and interest
on each Loan, all Fees and all other expenses or amounts payable under any Loan Document have been
paid in full and all Letters of Credit have been cancelled or have expired and all amounts drawn
thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in
writing, the Borrower will not, nor will it cause or permit any Subsidiary to:

SECTION 6.01. Indebtedness. Incur, create, assume or permit to exist any Indebtedness,
except:

(a) Indebtedness existing on the date hereof and set forth in Schedule 6.01;

(b) Indebtedness created hereunder and under the other Loan Documents;

(c) intercompany Indebtedness of the Borrower and the Subsidiaries to the extent
permitted by Section 6.04(a);

(d) Indebtedness incurred to extend, renew or refinance any Indebtedness described in
Section 6.01(a), (d), (e), (f), (h), (j), (m), (o) or (p) (“Refinancing Indebtedness”);
provided, however, that (i) such Refinancing Indebtedness is in an aggregate principal
amount not greater than the aggregate principal amount of the Indebtedness being extended,
renewed or refinanced, plus the amount of any interest, premiums or penalties required to
be paid thereon plus fees and expenses associated therewith, (ii) such Refinancing
Indebtedness has a later or equal final maturity and a longer or equal weighted average
life to maturity than the Indebtedness being extended, renewed or refinanced, (iii) if the
Indebtedness being extended, renewed or refinanced is subordinated to the Obligations, the
Refinancing Indebtedness is subordinated to the Obligations on terms no less favorable to
the Lenders than the Indebtedness being extended, renewed or refinanced, (iv) neither the
Borrower nor any Subsidiary Guarantor may become obligated in respect of such Refinancing
Indebtedness unless it was obligated in respect of the Indebtedness being extended, renewed
or refinanced and (v) the non-economic covenants, events of default, remedies and other
provisions of the Refinancing Indebtedness, when taken as a whole, shall be materially no
less favorable to the Lenders than those contained in the Indebtedness being extended,
renewed or refinanced;

(e) Indebtedness of the Borrower or any Subsidiary incurred to finance the
acquisition, construction or improvement of any fixed or capital assets, and extensions,
renewals and replacements of any such Indebtedness that do not increase the outstanding
principal amount thereof; provided that (i) such Indebtedness is incurred prior to or
within 90 days after such acquisition or the completion of such construction or improvement
and (ii) the aggregate principal amount of Indebtedness permitted by this paragraph, when
combined with the aggregate principal amount of all Capital Lease Obligations and Synthetic
Lease Obligations incurred pursuant to paragraph (f) of this Section shall not exceed
$20,000,000 at any time outstanding;

(f) Capital Lease Obligations and Synthetic Lease Obligations in an aggregate
principal amount, when combined with the aggregate principal amount of all Indebtedness
incurred pursuant to paragraph (e) of this Section, not in excess of $20,000,000 at any
time outstanding;

(g) Indebtedness of the Borrower or any Subsidiary incurred under any Hedging
Agreement of the Borrower or any Subsidiary to the extent relating to Indebtedness of the
Borrower or such Subsidiary, as the case may be (which
Indebtedness (i) bears interest at fluctuating interest rates and (ii) is otherwise
permitted to be incurred pursuant to this Agreement);

 

66

 

(h) Indebtedness of any person that becomes a Subsidiary after the date hereof;
provided that (i) such Indebtedness exists at the time such person becomes a Subsidiary and
is not created in contemplation of or in connection with such person becoming a Subsidiary
and (ii) the aggregate principal amount of Indebtedness permitted by this paragraph shall
not exceed $7,500,000 at any time outstanding;

(i) endorsements for collection, deposit or negotiation and warranties of products or
services, in each case incurred in the ordinary course of business;

(j) Indebtedness of one or more Loan Parties permitted by, and incurred under, Section
4.03(a) of the Senior Secured Notes Indenture as in effect on the Closing Date;

(k) Indebtedness under performance bonds or with respect to workers’ compensation
claims, in each case incurred in the ordinary course of business;

(l) Indebtedness arising from the honoring by a bank or other financial institution of
a check, draft or similar instrument inadvertently drawn against insufficient funds in the
ordinary course of business, so long as such Indebtedness is extinguished within three
Business Days of the Borrower’s knowledge of such incurrence;

(m) Indebtedness arising as a result of (i) the redemption or repurchase of any Equity
Interests of the Borrower as a result of distributions by the ESOT to participants in the
ESOP pursuant to the ESOP Plan Documents subsequent to their termination of employment with
the Borrower or any Controlled Group member or (ii) the requirements of Section 401(a)(28)
of the Code or any substantially similar requirement of law;

(n) other Indebtedness of the Borrower or the Subsidiaries in an aggregate principal
amount not exceeding $10,000,000 at any time outstanding;

(o) the Senior Secured Notes, including payment-in-kind interest thereon;

(p) the Senior Unsecured Notes;

(q) Indebtedness of Foreign Subsidiaries in an aggregate principal amount not to
exceed $2,500,000 at any time outstanding; and

(r) the Borrower’s deferred compensation agreements.

 

67

 

SECTION 6.02. Liens. Create, incur, assume or permit to exist any Lien on any property or
assets (including Equity Interests or other securities of any person, including
any Subsidiary) now owned or hereafter acquired by it or on any income or revenues or rights
in respect of any thereof, except:

(a) Liens on property or assets of the Borrower and its Subsidiaries existing on the
date hereof and set forth in Schedule 6.02; provided that such Liens shall secure only
those obligations which they secure on the date hereof;

(b) any Lien (i) created under the Loan Documents (including to secure Indebtedness
referred to in Section 6.01(o)) or (ii) on all or any part of the Collateral to secure
Indebtedness permitted under Section 6.01 if such Liens are either (x) pari passu with the
Liens securing the Senior Secured Notes (in the case of Indebtedness incurred under Section
6.01(d) (in respect of Indebtedness incurred to extend, renew or refinance the Senior
Unsecured Notes and successive refinancings thereof), 6.01(j) or 6.01(n)) or (y)
subordinated to the Liens created under the Loan Documents pursuant to an intercreditor
agreement reasonably satisfactory to the Administrative Agent;

(c) any Lien existing on any property or asset prior to the acquisition thereof by the
Borrower or any Subsidiary or existing on any property or asset of any person that becomes
a Subsidiary after the date hereof prior to the time such person becomes a Subsidiary, as
the case may be; provided that (i) such Lien is not created in contemplation of or in
connection with such acquisition or such person becoming a Subsidiary, as the case may be,
(ii) such Lien does not apply to any other property or assets of the Borrower or any
Subsidiary and (iii) such Lien secures only those obligations which it secures on the date
of such acquisition or the date such person becomes a Subsidiary, as the case may be;

(d) Liens for Taxes not yet due or which are being contested in compliance with
Section 5.03;

(e) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like
Liens arising in the ordinary course of business and securing obligations that are not due
and payable or which are being contested in compliance with Section 5.03;

(f) pledges and deposits made in the ordinary course of business in compliance with
workmen’s compensation, unemployment insurance and other social security laws or
regulations;

(g) deposits to secure the performance of bids, trade contracts (other than for
Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety
and appeal bonds, performance bonds and other obligations of a like nature incurred in the
ordinary course of business;

(h) zoning restrictions, easements, rights-of-way, restrictions on use of real
property and other similar encumbrances incurred in the ordinary course of business which,
in the aggregate, do not materially detract from the value of the
property subject thereto or interfere with the ordinary conduct of the business of the
Borrower or any Subsidiary;

 

68

 

(i) purchase money security interests in real property, improvements thereto or
equipment and other personal property hereafter acquired (or, in the case of improvements,
constructed) by the Borrower or any Subsidiary; provided that (i) such security interests
secure Indebtedness permitted by Section 6.01, (ii) such security interests are incurred,
and the Indebtedness secured thereby is created, within 90 days after such acquisition (or
construction), (iii) the Indebtedness secured thereby does not exceed 90% of the lesser of
the cost or the fair market value of such real property, improvements or equipment at the
time of such acquisition (or construction) and (iv) such security interests do not apply to
any other property or assets of the Borrower or any Subsidiary;

(j) Liens arising out of judgments or awards in respect of which the Borrower or any
Subsidiary shall in good faith be prosecuting an appeal or proceedings for review in
respect of which there shall be secured a subsisting stay of execution pending such appeal
or proceedings; provided that the aggregate amount of all such judgments or awards (and any
cash and the fair market value of any property subject to such Liens) does not exceed
$5,000,000 at any time outstanding;

(k) any interest or title of a licensor, lessor or sublessor under any license or
lease agreement pursuant to which rights are granted to the Borrower or any Subsidiary;

(l) licenses, leases or subleases granted by the Borrower or any Subsidiary to third
persons in the ordinary course of business not interfering in any material respect with the
business of the Borrower or any Subsidiary;

(m) Liens in favor of customs or revenue authorities arising as a matter of law to
secure payment of customs duties in connection with the importation of goods;

(n) Liens in favor of any Governmental Authority in respect of (i) any Environmental
Liability or (ii) damages arising from, or costs incurred by such Governmental Authority in
response to, a Release or a threatened Release of a Hazardous Material into the
environment; provided that the aggregate amount of such liabilities secured by such Liens
does not exceed $1,000,000 at any one time; and

(o) Liens that do not, individually or in the aggregate, secure obligations (or
encumber property with a fair market value) in excess of $2,500,000 at any one time.

 

69

 

SECTION 6.03. Sale and Lease-Back Transactions. Enter into any arrangement, directly or
indirectly, with any person whereby it shall sell or transfer any property, real or personal, used
or useful in its business, whether now owned or hereafter
acquired, and thereafter rent or lease such property or other property which it intends to use
for substantially the same purpose or purposes as the property being sold or transferred unless (a)
the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations,
Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01
and 6.02, as the case may be.

SECTION 6.04. Investments, Loans and Advances. Purchase, hold or acquire any Equity
Interests, evidences of indebtedness or other securities of, make or permit to exist any loans or
advances to, or make or permit to exist any investment or any other interest in, any other person,
except:

(a) (i) investments by the Borrower and the Subsidiaries existing on the date hereof
in the Equity Interests of the Subsidiaries and (ii) additional investments by the Borrower
and the Subsidiaries in the Equity Interests of the Subsidiaries; provided that (A) any
such Equity Interests held by a Loan Party shall be pledged to the Collateral Agent for the
ratable benefit of the Secured Parties pursuant to the Security Agreement or each other
applicable Security Document (subject to the limitations applicable to voting stock of a
Foreign Subsidiary referred to therein) and (B) the aggregate amount of investments by Loan
Parties in, and loans and advances by Loan Parties to, Subsidiaries that are not Loan
Parties (determined without regard to any write-downs or write-offs of such investments,
loans and advances) shall not exceed $2,500,000 at any time outstanding;

(b) Permitted Investments;

(c) loans or advances made by the Borrower to any Subsidiary and made by any
Subsidiary to the Borrower or any other Subsidiary; provided that (i) any such loans and
advances made by a Loan Party shall be evidenced by a promissory note pledged to the
Collateral Agent for the ratable benefit of the Secured Parties pursuant to the Security
Agreement and (ii) the amount of such loans and advances made by Loan Parties to
Subsidiaries that are not Loan Parties shall be subject to the limitation set forth in
paragraph (a) of this Section;

(d) investments received in connection with the bankruptcy or reorganization of, or
settlement of delinquent accounts and disputes with, customers and suppliers, in each case
in the ordinary course of business;

(e) to the extent permitted by applicable law, the Borrower and the Subsidiaries may
make loans and advances in the ordinary course of business to their respective directors,
officers and employees so long as the aggregate principal amount thereof at any time
outstanding (determined without regard to any write-downs or write-offs of such loans and
advances) shall not exceed $1,000,000;

(f) the Borrower may enter into Hedging Agreements that are not speculative in nature;

 

70

 

(g) the Borrower or any Subsidiary may acquire all or substantially all the assets of
a person or line of business or division of such person, or not less than 100% of the
Equity Interests of a person (referred to herein as the “Acquired Entity”); provided that
(i) such acquisition was not preceded by an unsolicited tender offer for such Equity
Interests by, or proxy contest initiated by, the Borrower or any Subsidiary; (ii) the
Acquired Entity shall be a going concern, shall be in a similar line of business as that of
the Borrower and the Subsidiaries as conducted during the current and most recent calendar
year; (iii) the Acquired Entity is located, and substantially all of its operations are
conducted, in the United States of America; (iv) at the time of such transaction (A) both
before and after giving effect thereto, no Default or Event of Default shall have occurred
and be continuing, (B) the Leverage Ratio on a Pro Forma Basis would not be greater than
the Leverage Ratio in effect on the Closing Date, after giving effect to the Transactions,
and (C) after giving effect to such acquisition, there must be at least $5,000,000 of
unused and available Revolving Credit Commitments, and (v) the Borrower shall have
delivered to the Administrative Agent a certificate of a Financial Officer of the Borrower
confirming compliance with clauses (i) through (iv) above, together with all relevant
financial information for the Acquired Entity and reasonably detailed calculations
demonstrating satisfaction of the requirements set forth in clause (v) above (any
acquisition of an Acquired Entity meeting all the criteria of this paragraph being referred
to herein as a “Permitted Acquisition”);

(h) the Borrower and its Subsidiaries may acquire and hold non-cash consideration
issued by the purchaser of assets in connection with a sale of such assets to the extent
permitted by Section 6.05;

(i) investments, loans and advances existing on the date hereof and set forth in
Schedule 6.04; and

(j) in addition to investments permitted by paragraphs (a) through (i) of this
Section, additional investments, loans and advances by the Borrower and the Subsidiaries so
long as the aggregate amount invested, loaned or advanced pursuant to this clause
(determined without regard to any write-downs or write-offs of such investments, loans and
advances) does not exceed $15,000,000 in the aggregate at any time outstanding, and none of
(i) any investment specifically consented to by the Required Lenders, (ii) any investment
in a person that subsequently becomes a wholly-owned Subsidiary in a transaction
constituting a Permitted Acquisition or (iii) any investment that is subsequently sold (to
the extent of the net cash proceeds of such sale) shall count toward such $15,000,000
amount.

 

71

 

SECTION 6.05. Mergers, Consolidations, Sales of Assets and Acquisitions. (a) Merge into or
consolidate with any other person, or permit any other person to merge into or consolidate with it,
or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of
transactions) all or substantially all the assets (whether now owned or hereafter acquired) of the
Borrower or less than all the Equity Interests of any
Subsidiary, or purchase, lease or otherwise acquire (in one transaction or a series of
transactions) all or any substantial part of the assets of any other person, except that (i) the
Borrower and any Subsidiary may purchase and sell inventory in the ordinary course of business and
(ii) if at the time thereof and immediately after giving effect thereto no Default or Event of
Default shall have occurred and be continuing (x) any wholly owned Subsidiary may merge into the
Borrower in a transaction in which the Borrower is the surviving corporation, (y) any wholly owned
Subsidiary may merge into or consolidate with any other wholly owned Subsidiary in a transaction in
which the surviving entity is a wholly owned Subsidiary and no person other than the Borrower or a
wholly owned Subsidiary receives any consideration (provided that if any party to any such
transaction is a Loan Party, the surviving entity of such transaction shall be a Loan Party) and
(z) the Borrower and the Subsidiaries may make Permitted Acquisitions, investments and acquisitions
permitted under Section 6.04.

(b) Engage in any Asset Sale otherwise permitted under paragraph (a) of this Section unless
(i) such Asset Sale is for consideration at least 75% of which is cash, (ii) such consideration is
at least equal to the fair market value of the assets being sold, transferred, leased or disposed
of and (iii) the fair market value of all assets sold, transferred, leased or disposed of pursuant
to this paragraph shall not exceed (A) $10,000,000 in any fiscal year or (B) $20,000,000 in the
aggregate; provided that clause (iii) of this Section 6.05(b) shall not apply to any sale of the
WCGS ONR Business for a total consideration of $15,000,000 or less.

SECTION 6.06. Restricted Payments; Restrictive Agreements. (a) Declare or make, or agree to
declare or make, directly or indirectly, any Restricted Payment (including pursuant to any
Synthetic Purchase Agreement), or incur any obligation (contingent or otherwise) to do so;
provided, however, that (i) any Subsidiary may declare and pay dividends or make other
distributions ratably to its equity holders, (ii) the Borrower may perform its obligations under
the Redemption Agreement, (iii) Restricted Payments may be made as required by the ESOP Plan
Documents or by Section 401(a)(28) of the Code or any substantially similar requirement of law and
(iv) so long as no Default or Event of Default shall have occurred and be continuing or would
result therefrom, other Restricted Payments may be made so long as at the time of such Restricted
Payment the Borrower delivers to the Administrative Agent a certificate of a Financial Officer
certifying that such Restricted Payment is then permitted by the Senior Secured Notes Indenture as
in effect on the Closing Date (accompanied by reasonably detailed calculations showing the same)
and, after giving effect thereto, there would be at least $10,000,000 of unused and available
Revolving Credit Commitments. Notwithstanding the foregoing, except for up to $3,600,000 of
Special Diversification Payments for which the Borrower has received notice prior to the Closing
Date (which may be paid after the Closing Date if then permitted by clause (iv) of the preceding
sentence), the Borrower shall not make any Special Diversification Payments.

 

72

 

(b) Enter into, incur or permit to exist any agreement or other arrangement that prohibits,
restricts or imposes any condition upon (i) the ability of the Borrower or any Subsidiary to
create, incur or permit to exist any Lien upon any of its property or assets to secure the
Obligations, or (ii) the ability of any Subsidiary to pay dividends or other
distributions with respect to any of its Equity Interests or to make or repay loans or
advances to any Loan Party or to Guarantee Obligations of any Loan Party; provided that (A) the
foregoing shall not apply to restrictions and conditions imposed by law or by any Loan Document,
(B) the foregoing shall not apply to customary restrictions and conditions contained in agreements
relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions
apply only to the Subsidiary that is to be sold and such sale is permitted hereunder, (C) the
foregoing shall not apply to restrictions and conditions contained in the Senior Secured Notes
Documents, (D) clause (i) of the foregoing shall not apply to restrictions or conditions imposed by
any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or
conditions apply only to the property or assets securing such Indebtedness, and (E) clause (i) of
the foregoing shall not apply to customary provisions in leases and other contracts restricting the
assignment thereof.

SECTION 6.07. Transactions with Affiliates. Except for transactions by or among Loan
Parties, sell or transfer any property or assets to, or purchase or acquire any property or assets
from, or otherwise engage in any other transactions with, any of its Affiliates, except that (a)
the Borrower or any Subsidiary may engage in any of the foregoing transactions in the ordinary
course of business at prices and on terms and conditions not less favorable to the Borrower or such
Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b)
Restricted Payments may be made to the extent provided in Section 6.06, and the Seller Subordinated
Notes and Junior Warrants may be prepaid, redeemed, retired or otherwise acquired in accordance
with the Redemption Agreement, (c) loans, investments and advances may be made to the extent
permitted by Sections 6.01(c) and 6.04(a), (c) and (e), (d) officers may be compensated as and in
the manner they historically have been compensated and officers hired after the Closing Date may be
compensated in a manner commensurate with the office held and (e) so long as no Default or Event of
Default shall have occurred and be continuing or would result therefrom, reasonable and customary
fees may be paid to non-officer directors of the Borrower in an aggregate amount not to exceed
$500,000 in any fiscal year, it being understood that payments to non-officer directors in
connection with stock options, stock appreciation rights, “phantom” stock plans or similar equity
incentives or equity based incentives shall not count toward such $500,000 limitation. For the
avoidance of doubt, the Borrower may make payments in respect of Earn-Out Obligations to the extent
permitted by Section 6.15.

SECTION 6.08. Business of the Borrower and Subsidiaries. Engage at any time in any business
or business activity other than the business currently conducted by the Borrower and the
Subsidiaries and business activities reasonably related thereto.

SECTION 6.09. Other Indebtedness and Agreements. (a) Permit any waiver, supplement,
modification, amendment, termination or release of any indenture, instrument or agreement pursuant
to which any Material Indebtedness of the Borrower or any Subsidiary is outstanding if the effect
of such waiver, supplement, modification, amendment, termination or release would materially
increase the obligations of the obligor or confer additional material rights on the holder of such
Indebtedness in a manner materially adverse to the Borrower, any of the Subsidiaries or the
Lenders.

(b) Permit any waiver, supplement, modification or amendment of any ESOP Plan Document in a
manner materially adverse to the Lenders.

 

73

 

SECTION 6.10. Assets as Plan Assets. Permit any of the assets of the Borrower or any
Subsidiary to constitute, for any purpose of ERISA or Section 4975 of the Code, assets of the ESOP
or any other “plan” as defined in Section 3(3) of ERISA or Section 4975 of the Code.

SECTION 6.11. Prohibited Transaction. Permit any material non-exempt prohibited transaction
described in Section 406 of ERISA or Section 4975 of the Code to occur with respect to the ESOP.

SECTION 6.12. Maximum Capital Expenditures. Permit the aggregate amount of Capital
Expenditures made by the Borrower and the Subsidiaries in any fiscal year (commencing with the
fiscal year ending on September 30, 2010) to exceed $8,000,000; provided that such amount in
respect of any fiscal year commencing with the fiscal year ending on September 30, 2011, shall be
increased (but not decreased) by (a) the amount of unused permitted Capital Expenditures for the
immediately preceding fiscal year less (b) an amount equal to unused Capital Expenditures carried
forward to such preceding fiscal year.

SECTION 6.13. Minimum Consolidated EBITDA. Permit Consolidated EBITDA for any period of four
consecutive fiscal quarters, in each case taken as one accounting period, ending during any period
set forth below, to be less than the amount set forth opposite such period below:

	 	 	 	 	 
	 	 	Consolidated	 
	Period	 	EBITDA	 
	June 30, 2010 through March 31, 2011
	 	$	52,500,000	 
	April 1, 2011 through September 30, 2011
	 	$	55,000,000	 
	October 1, 2011 through September 30, 2012
	 	$	60,000,000	 
	October 1, 2012 through September 30, 2013
	 	$	62,500,000	 
	Thereafter
	 	$	65,000,000	 

SECTION 6.14. Fiscal Year. With respect to the Borrower, change its fiscal year-end to a
date other than September 30.

SECTION 6.15. Earn-Out Obligations. Make or agree to make, directly or indirectly, any
payment in respect of an Earn-Out Obligation; provided, however, that the Borrower may make a
payment in respect of any Earn-Out Obligation so long as (a) at the time thereof and after giving
effect thereto, (i) no Default or Event of Default shall have occurred and be continuing or result
therefrom and (ii) there would be at least $10,000,000 of unused and available Revolving Credit
Commitments and (b) the aggregate amount of payments made in respect of Earn-Out Obligations does
not exceed $10,000,000 in any fiscal year; provided, further, however, that the Borrower may, prior
to September 30, 2010, make a payment in respect of an Earn-Out Obligation with
respect to the acquisition of the LogCon Group in an aggregate amount not to exceed $600,000
so long as at the time thereof and after giving effect thereto, no Default or Event of Default
shall have occurred and be continuing or result therefrom.

 

74

 

ARTICLE VII

Events of Default

In case of the happening of any of the following events (“Events of Default”):

(a) any representation or warranty made or deemed made in or in connection with any
Loan Document or the borrowings or issuances of Letters of Credit hereunder, or any
representation, warranty, statement or information contained in any report, certificate,
financial statement or other instrument furnished in connection with or pursuant to any
Loan Document, shall prove to have been false or misleading in any material respect when so
made, deemed made or furnished;

(b) default shall be made in the payment of any principal of any Loan or the
reimbursement with respect to any L/C Disbursement when and as the same shall become due
and payable, whether at the due date thereof or at a date fixed for prepayment thereof or
by acceleration thereof or otherwise;

(c) default shall be made in the payment of any interest on any Loan or any Fee or any
other amount (other than an amount referred to in paragraph (b) of this Article) due under
any Loan Document, when and as the same shall become due and payable, and such default
shall continue unremedied for a period of three Business Days with regard to interest and
ten Business Days with regard to Fees and other amounts;

(d) default shall be made in the due observance or performance by the Borrower or any
Subsidiary of any covenant, condition or agreement contained in Section 5.01(a), 5.05 or
5.08 or in Article VI;

(e) default shall be made in the due observance or performance by the Borrower or any
Subsidiary of any covenant, condition or agreement contained in any Loan Document (other
than those specified in paragraph (b), (c) or (d) of this Article) and such default shall
continue unremedied for a period of 30 days after notice thereof from the Administrative
Agent or any Lender to the Borrower;

(f) (i) the Borrower or any Subsidiary shall fail to pay any principal or interest,
regardless of amount, due in respect of any Material Indebtedness, when and as the same
shall become due and payable, or (ii) any other event or condition occurs (and all relevant
grace periods have expired) that results in any Material Indebtedness becoming due prior to
its scheduled maturity or that enables or permits the holder or holders of any Material
Indebtedness or any trustee or agent on its or their behalf to cause any Material
Indebtedness to become due, or to require the prepayment, repurchase, redemption or
defeasance thereof, prior to its
scheduled maturity; provided that this clause (ii) shall not apply to secured
Indebtedness that becomes due as a result of the voluntary sale or transfer of the property
or assets securing such Indebtedness;

 

75

 

(g) an involuntary proceeding shall be commenced or an involuntary petition shall be
filed in a court of competent jurisdiction seeking (i) relief in respect of the Borrower or
any Subsidiary (other than an Insignificant Subsidiary), or of a substantial part of the
property or assets of the Borrower or any Subsidiary (other than an Insignificant
Subsidiary), under Title 11 of the United States Code, as now constituted or hereafter
amended, or any other Federal, state or foreign bankruptcy, insolvency, receivership or
similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Borrower or any Subsidiary (other than an
Insignificant Subsidiary) or for a substantial part of the property or assets of the
Borrower or a Subsidiary (other than an Insignificant Subsidiary) or (iii) the winding-up
or liquidation of the Borrower or any Subsidiary (other than an Insignificant Subsidiary);
and such proceeding or petition shall continue undismissed for 60 days or an order or
decree approving or ordering any of the foregoing shall be entered;

(h) the Borrower or any Subsidiary (other than an Insignificant Subsidiary) shall (i)
voluntarily commence any proceeding or file any petition seeking relief under Title 11 of
the United States Code, as now constituted or hereafter amended, or any other Federal,
state or foreign bankruptcy, insolvency, receivership or similar law, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or
the filing of any petition described in paragraph (g) of this Article, (iii) apply for or
consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or
similar official for the Borrower or any Subsidiary (other than an Insignificant
Subsidiary) or for a substantial part of the property or assets of the Borrower or any
Subsidiary (other than an Insignificant Subsidiary), (iv) file an answer admitting the
material allegations of a petition filed against it in any such proceeding, (v) make a
general assignment for the benefit of creditors, (vi) become unable, admit in writing its
inability or fail generally to pay its debts as they become due or (vii) take any action
for the purpose of effecting any of the foregoing;

(i) one or more judgments shall be rendered against the Borrower, any Subsidiary
(other than an Insignificant Subsidiary) or any combination thereof and the same shall
remain undischarged for a period of 30 consecutive days during which execution shall not be
effectively stayed, or any action shall be legally taken by a judgment creditor to levy
upon assets or properties of the Borrower or any Subsidiary (other than an Insignificant
Subsidiary) to enforce any such judgment and such judgment either (i) is for the payment of
money in an aggregate amount in excess of $5,000,000 or (ii) is for injunctive relief and
could reasonably be expected to result in a Material Adverse Effect;

 

76

 

(j) an ERISA Event shall have occurred that, in the opinion of the Required Lenders,
when taken together with all other such ERISA Events, could reasonably be expected to
result in liability of the Borrower and its ERISA Affiliates in an aggregate amount
exceeding $5,000,000;

(k) any Guarantee under the Guarantee Agreement for any reason shall cease to be in
full force and effect (other than in accordance with its terms), or any Subsidiary
Guarantor shall deny in writing that it has any further liability under the Guarantee
Agreement (other than as a result of the discharge of such Subsidiary Guarantor in
accordance with the terms of the Loan Documents);

(l) any security interest purported to be created by any Security Document shall cease
to be, or shall be asserted by the Borrower or any other Loan Party not to be, a valid,
perfected, first priority (except as otherwise expressly provided in this Agreement or such
Security Document) security interest in the securities, assets or properties covered
thereby, except to the extent that any such loss of perfection or priority results from the
failure of the Collateral Agent to maintain possession of certificates representing
securities pledged under the Security Agreement or other applicable Security Document and
except to the extent that such loss is covered by a lender’s title insurance policy and the
related insurer promptly after such loss shall have acknowledged in writing that such loss
is covered by such title insurance policy;

(m) there shall have occurred a Change in Control;

(n) (i) a notice of debarment, notice of suspension or notice of termination for
default shall have been issued under any Material Contract; (ii) the Borrower is barred or
suspended from contracting with any part of the Government; (iii) a Government
investigation shall have resulted in a criminal or civil liability of the Borrower or any
Subsidiary in excess of $5,000,000; (iv) the actual termination of any Material Contract
due to alleged fraud, willful misconduct, neglect, default or any other wrongdoing; or (v)
a cure notice issued under any Material Contract shall remain uncured (subject to
expiration of extensions that may have been received) beyond (A) the expiration of the time
period available to the Borrower pursuant to such Material Contract and/or such cure notice
to cure the noticed default or (B) the date on which the other contracting party exercises
its rights and remedies under the Material Contract as a consequence of such default;

(o) Any Loan hereunder shall, for any purpose of Section 406 of ERISA or Section 4975
of the Code, be found to be a direct or indirect loan or other transaction between the
Administrative Agent or any of the Lenders and the ESOT which, if it is assumed that the
Administrative Agent and the Lenders are “parties in interest” and “disqualified persons”
(as defined in Section 3(14) of ERISA and Section 4975 of the Code), is a non-exempt
prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code;

 

77

 

(p) There shall be a finding, holding, ruling or other determination not subject to
cure made by any court or Governmental Authority, or an assertion by the ESOP Fiduciary or
the ESOT Trustee, concerning any matter with respect to the ESOP or the ESOT contrary to or
inconsistent with any representation, warranty or covenant set forth herein, which holding,
ruling, determination or assertion could reasonably be expected to have a Material Adverse
Effect;

(q) the IRS shall notify the Borrower in writing that it has made a final
determination not subject to cure that the ESOP is not a qualified plan and an employee
stock ownership plan within the meanings of Section 401(a) and 4975(e)(7), respectively, of
the Code; or

(r) so long as any Senior Secured Notes are outstanding, the Intercreditor Agreement
shall, in whole or in part, cease to be effective or cease to be legally valid, binding and
enforceable against any party thereto (or against any person on whose behalf any such party
makes any covenants or agreements therein), or otherwise not be effective to create the
rights and obligations purported to be created thereunder, unless the same results directly
from the action or inaction of the Administrative Agent;

then, and in every such event (other than an event with respect to the Borrower described in
paragraph (g) or (h) of this Article), and at any time thereafter during the continuance of such
event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to
the Borrower, take either or both of the following actions, at the same or different times: (i)
terminate forthwith the Commitments and (ii) declare the Loans then outstanding to be forthwith due
and payable in whole or in part, whereupon the principal of the Loans so declared to be due and
payable, together with accrued interest thereon and any unpaid accrued Fees and all other
liabilities of the Borrower accrued hereunder and under any other Loan Document, shall become
forthwith due and payable, without presentment, demand, protest or any other notice of any kind,
all of which are hereby expressly waived by the Borrower, anything contained herein or in any other
Loan Document to the contrary notwithstanding; and in any event with respect to the Borrower
described in paragraph (g) or (h) of this Article, the Commitments shall automatically terminate
and the principal of the Loans then outstanding, together with accrued interest thereon and any
unpaid accrued Fees and all other liabilities of the Borrower accrued hereunder and under any other
Loan Document, shall automatically become due and payable, without presentment, demand, protest or
any other notice of any kind, all of which are hereby expressly waived by the Borrower, anything
contained herein or in any other Loan Document to the contrary notwithstanding.

 

78

 

ARTICLE VIII

The Administrative Agent and the Collateral Agent

Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent
and the Collateral Agent (for purposes of this Article VIII, the Administrative Agent and the
Collateral Agent are referred to collectively as the
“Agents”) its agent and authorizes the Agents to take such actions on its behalf and to
exercise such powers as are delegated to such Agent by the terms of the Loan Documents, together
with such actions and powers as are reasonably incidental thereto. Without limiting the generality
of the foregoing, the Agents are hereby expressly authorized to (i) execute any and all documents
(including releases) with respect to the Collateral and the rights of the Secured Parties with
respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the
Security Documents and (ii) negotiate, enforce or the settle any claim, action or proceeding
affecting the Lenders in their capacity as such, at the direction of the Required Lenders, which
negotiation, enforcement or settlement will be binding upon each Lender.

The institution serving as the Administrative Agent and/or the Collateral Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other Lender and may
exercise the same as though it were not an Agent, and such bank and its Affiliates may accept
deposits from, lend money to and generally engage in any kind of business with the Borrower or any
Subsidiary or other Affiliate thereof as if it were not an Agent hereunder.

Neither Agent shall have any duties or obligations except those expressly set forth in the
Loan Documents. Without limiting the generality of the foregoing, (a) neither Agent shall be
subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and
is continuing, (b) neither Agent shall have any duty to take any discretionary action or exercise
any discretionary powers, except discretionary rights and powers expressly contemplated hereby that
such Agent is instructed in writing to exercise by the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary under the circumstances as provided in Section
9.08), and (c) except as expressly set forth in the Loan Documents, neither Agent shall have any
duty to disclose, nor shall it be liable for the failure to disclose, any information relating to
the Borrower or any of the Subsidiaries that is communicated to or obtained by the bank serving as
Administrative Agent and/or Collateral Agent or any of its Affiliates in any capacity. Neither
Agent shall be liable for any action taken or not taken by it with the consent or at the request of
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under
the circumstances as provided in Section 9.08) or in the absence of its own gross negligence or
willful misconduct. Neither Agent shall be deemed to have knowledge of any Default unless and
until written notice thereof is given to such Agent by the Borrower or a Lender, and neither Agent
shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty
or representation made in or in connection with any Loan Document, (ii) the contents of any
certificate, report or other document delivered thereunder or in connection therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set
forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any
Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt
of items expressly required to be delivered to such Agent.

 

79

 

Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing
believed by it to be genuine and to have been signed or sent by the proper person. Each Agent may
also rely upon any statement made to it orally or by telephone and believed by it to have been made
by the proper person, and shall not incur any liability for relying thereon. Each Agent may
consult with legal counsel (who may be counsel for 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
accordance with the advice of any such counsel, accountants or experts.

Each Agent may perform any and all its duties and exercise its rights and powers by or through
any one or more sub-agents appointed by it. Each Agent and any such sub-agent may perform any and
all its duties and exercise its rights and powers by or through their respective Related Parties.
The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the
Related Parties of each Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the Credit Facility as well as activities as
Agent.

Subject to the appointment and acceptance of a successor Administrative Agent as provided
below, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank
and the Borrower. Upon any such resignation, the Required Lenders shall have the right, in
consultation with the Borrower, to appoint a successor. If no successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within 30 days after the
retiring Administrative Agent gives notice of its resignation, then the retiring Administrative
Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative Agent
which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. If
no successor Administrative Agent has been appointed pursuant to the immediately preceding sentence
by the 30th day after the date such notice of resignation was given by such Administrative Agent,
such Administrative Agent’s resignation shall become effective and the Required Lenders shall
thereafter perform all the duties of such Administrative Agent hereunder and/or under any other
Loan Document until such time, if any, as the Required Lenders appoint a successor Administrative
Agent. Any such resignation by such Administrative Agent hereunder shall also constitute, to the
extent applicable, its resignation as an Issuing Bank and the Swingline Lender, in which case such
resigning Administrative Agent (a) shall not be required to issue any further Letters of Credit or
make any additional Swingline Loans hereunder and (b) shall maintain all of its rights as Issuing
Bank or Swingline Lender, as the case may be, with respect to any Letters of Credit issued by it,
or Swingline Loans made by it, prior to the date of such resignation. Upon the acceptance of its
appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and
become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations
hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Borrower and such
successor. After an Administrative Agent’s resignation hereunder, the provisions of this Article
and Section 9.05 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 acting as Administrative Agent.

 

80

 

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

Each Lender hereby consents to and approves each and all of the provisions of the
Intercreditor Agreement and irrevocably authorizes and directs the Administrative Agent and
Collateral Agent to execute and deliver the Intercreditor Agreement and to exercise and enforce its
rights and remedies and perform its obligations thereunder.

No Bank Secured Party shall have any right individually to realize upon any of the Collateral
or to enforce any Guarantee of the Bank Obligations, it being understood and agreed that all
powers, rights and remedies under the Loan Documents may be exercised solely by the Agents on
behalf of the Bank Secured Parties in accordance with the terms thereof (subject, in the case of
the Collateral, to the provisions of the Intercreditor Agreement). In the event of a foreclosure by
the Collateral Agent on any of the Collateral pursuant to a public or private sale or other
disposition, any Secured Party may be the purchaser or licensor of any or all of such Collateral at
any such sale or other disposition, and the Administrative Agent or Collateral Agent, as agent for
and representative of the Secured Parties (but not any Secured Party or Secured Parties in its or
their respective individual capacities unless the Required Lenders shall otherwise agree in
writing) shall be entitled, for the purpose of bidding and making settlement or payment of the
purchase price for all or any portion of the Collateral sold at any such sale, to use and apply any
of the Obligations as a credit on account of the purchase price for any Collateral payable by such
Agent on behalf of the Secured Parties at such sale or other disposition. Each Bank Secured Party,
whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral
and of the Guarantees of the Bank Obligations provided under the Loan Documents, to have agreed to
the foregoing provisions.

Notwithstanding any other provision of this Agreement or any provision of any other Loan
Document, the Arranger, is named as such for recognition purposes only, and in its capacity as such
shall have no duties, responsibilities or liabilities with respect to this Agreement or any other
Loan Document; it being understood and agreed that the Arranger shall be entitled to all
indemnification and reimbursement rights in favor of the Agents provided herein and in the other
Loan Documents. Without limitation of the foregoing, the Arranger in its capacity as such shall
not by reason of this Agreement or any other Loan Document, have any fiduciary relationship in
respect of any Lender, Loan Party or any other person.

 

81

 

ARTICLE IX

Miscellaneous

SECTION 9.01. Notices; Electronic Communications. 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 fax, as follows:

(a) if to the Borrower, to it at 1750 Tysons Boulevard, Suite 1300, McLean, Virginia
22102, Attention of Michael J. Alber, Fax No. (703) 336-6795 or (703) 714-6511;

(b) if to the Administrative Agent, the Swingline Lender or the Issuing Bank, to
Credit Suisse AG, Cayman Islands Branch, One Madison Avenue, New York, New York 10010,
Attention of the Agency Manager, Fax No. (212) 322-2291, Email:
agency.loanops@credit-suisse.com;

(c) if to the Collateral Agent, to Wilmington Trust Company, 1100 N. Market Street,
Wilmington, Delaware 19890, Attention of Corporate Capital Markets, Fax No. (302) 636-4145;
and

(d) if to a Lender or an Issuing Bank, to it at its address (or fax number) set forth
in its Administrative Questionnaire or in the Assignment and Acceptance pursuant to which
such Lender shall have become a party hereto.

All notices and other communications given to any party hereto in accordance with the
provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered
by hand or overnight courier service or sent by fax or on the date five Business Days after
dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed
(properly addressed) to such party as provided in this Section 9.01 or in accordance with the
latest unrevoked direction from such party given in accordance with this Section 9.01. As agreed
to among the Borrower, the Administrative Agent and the applicable Lenders from time to time,
notices and other communications may also be delivered by e-mail to the e-mail address of a
representative of the applicable person provided from time to time by such person.

The Borrower hereby agrees, unless directed otherwise by the Administrative Agent or unless
the electronic mail address referred to below has not been provided by the Administrative Agent to
the Borrower, that it will, or will cause the Subsidiaries to, provide to the Administrative Agent
all information, documents and other materials that it is obligated to furnish to the
Administrative Agent pursuant to the Loan Documents or to the Lenders under Article V, including
all notices, requests, financial statements, financial and other reports, certificates and other
information materials, but excluding any such communication that (a) is or relates to a Borrowing
Request, a notice pursuant to Section 2.10 or a notice requesting the issuance, amendment,
extension or renewal of a Letter of Credit pursuant to Section 2.22, (b) relates to the payment of
any principal or other amount due under this Agreement prior to

 

82

 

the scheduled date therefor, (c)
provides notice of any Default or Event of Default under this Agreement or any other Loan Document or
(d) is required to be delivered to satisfy any condition precedent to the effectiveness of this
Agreement and/or any Borrowing or other extension of credit hereunder (all such non-excluded
communications being referred to herein collectively as “Communications”), by transmitting the
Communications in an electronic/soft medium that is properly identified in a format acceptable to
the Administrative Agent to an electronic mail address as directed by the Administrative Agent. In
addition, the Borrower agrees, and agrees to cause the Subsidiaries, to continue to provide the
Communications to the Administrative Agent or the Lenders, as the case may be, in the manner
specified in the Loan Documents but only to the extent requested by the Administrative Agent.

The Borrower hereby acknowledges that (a) the Administrative Agent will make available to the
Lenders and the L/C Issuer materials and/or information provided by or on behalf of the Borrower
hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on Intralinks
or another similar electronic system (the “Platform”) and (b) certain of the Lenders may be
“public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information
with respect to the Borrower or its securities) (each, a “Public Lender”). The Borrower hereby
agrees that (i) 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; (ii) by marking Borrower Materials “PUBLIC,”
the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat
such Borrower Materials as not containing any material non-public information with respect to the
Borrower or its securities for purposes of United States Federal and state securities laws
(provided, however, that to the extent such Borrower Materials constitute Information, they shall
be treated as set forth in Section 9.16); (iii) all Borrower Materials marked “PUBLIC” are
permitted to be made available through a portion of the Platform designated as “Public Investor;”
and (iv) the Administrative Agent shall be entitled to treat any Borrower Materials that are not
marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as
“Public Investor” and shall post the same only on such portion. Notwithstanding the foregoing, the
following Borrower Materials shall be marked “PUBLIC”, unless the Borrower notifies the
Administrative Agent promptly that any such document contains material non-public information: (A)
the Loan Documents and (B) notification of changes in the terms of the Credit Facility.

Each Public Lender agrees to cause at least one individual at or on behalf of such Public
Lender to at all times have selected the “Private Side Information” or similar designation on the
content declaration screen of the Platform in order to enable such Public Lender or its delegate,
in accordance with such Public Lender’s compliance procedures and applicable law, including United
States Federal and state securities laws, to make reference to Communications that are not made
available through the “Public Side Information” portion of the Platform and that may contain
material non-public information with respect to the Borrower or its securities for purposes of
United States Federal or state securities laws.

 

83

 

THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. NEITHER THE ADMINISTRATIVE AGENT NOR ANY
OF ITS RELATED PARTIES WARRANTS THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS OR THE ADEQUACY
OF THE PLATFORM AND EACH EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS IN THE
COMMUNICATIONS. 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 THE ADMINISTRATIVE AGENT OR ANY OF ITS
RELATED PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE
ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER
OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON STRICT LIABILITY AND INCLUDING
DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN
TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S
TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY SUCH
PERSON IS FOUND IN A FINAL RULING BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY
FROM SUCH PERSON’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

The Administrative Agent agrees that the receipt of the Communications by the Administrative
Agent at its e-mail address set forth above shall constitute effective delivery of the
Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees
that receipt of notice to it (as provided in the next sentence) specifying that the Communications
have been posted to the Platform shall constitute effective delivery of the Communications to such
Lender for purposes of the Loan Documents. Each Lender agrees to notify the Administrative Agent
in writing (including by electronic communication) from time to time of such Lender’s e-mail
address to which the foregoing notice may be sent by electronic transmission and that the foregoing
notice may be sent to such e-mail address.

Nothing herein shall prejudice the right of the Administrative Agent or any Lender to give any
notice or other communication pursuant to any Loan Document in any other manner specified in such
Loan Document.

SECTION 9.02. Survival of Agreement. All covenants, agreements, representations and
warranties made by the Borrower herein and in the certificates or other instruments prepared or
delivered in connection with or pursuant to this Agreement or any other Loan Document shall be
considered to have been relied upon by the Lenders and the Issuing Bank and shall survive the
making by the Lenders of the Loans and the issuance of Letters of Credit by the Issuing Bank,
regardless of any investigation made by the Lenders or the Issuing Bank or on their behalf, and
shall continue in full force and effect as long as the principal of or any accrued interest on any
Loan or any Fee or any other amount payable under this Agreement or any other Loan Document is
outstanding
 and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not been
terminated. The provisions of Sections 2.13, 2.15, 2.19 and 9.05 shall remain operative and in
full force and effect regardless of the expiration of the term of this Agreement, the consummation
of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the
Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term
or provision of this Agreement or any other Loan Document, or any investigation made by or on
behalf of the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank.

 

84

 

SECTION 9.03. Binding Effect. This Agreement shall become effective as provided in the
Incremental Assumption and Amendment Agreement.

SECTION 9.04. Successors and Assigns. (a) Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the permitted successors and
assigns of such party; and all covenants, promises and agreements by or on behalf of the Borrower,
the Administrative Agent, the Collateral Agent, the Issuing Bank or the Lenders that are contained
in this Agreement shall bind and inure to the benefit of their respective successors and assigns.

(b) Each Lender may assign to one or more Eligible Assignees all or a portion of its
interests, rights and obligations under this Agreement (including all or a portion of its
Commitment and the Loans at the time owing to it), with the prior written consent of the
Administrative Agent, and, in the case of any assignment of a Revolving Credit Commitment, the
Issuing Bank and the Swingline Lender (in each case, not to be unreasonably withheld or delayed);
provided, however, that (i) except in the case of an assignment to a Lender or an Affiliate or
Related Fund of a Lender, (A) unless an Event of Default shall have occurred and be continuing, the
Borrower must also give its prior written consent to such assignment (which consent shall not be
unreasonably withheld or delayed and which consent will be deemed given if the Borrower does not
object in writing to the proposed assignment within 5 Business Days of receipt by it of written
notice thereof) (provided that the consent of the Borrower shall not be required to any such
assignment made (A) to another Lender or (B) after the occurrence and during the continuance of any
Default or Event of Default), (ii) the amount of the Commitment and/or Loans of the assigning
Lender subject to each such assignment (determined as of the date the Assignment and Acceptance
with respect to such assignment is delivered to the Administrative Agent) shall not be less than
$1,000,000 (or, if less, the entire remaining amount of such Lender’s Commitment and/or Loans of
the relevant Class; provided that such minimum assignment amount shall be aggregated for two or
more simultaneous assignments by or to two or more Related Funds), (iii) the parties to each
assignment shall (A) execute and deliver to the Administrative Agent an Assignment and Acceptance
via an electronic settlement system acceptable to the Administrative Agent or (B) if previously
agreed with the Administrative Agent, manually execute and deliver to the Administrative Agent an
Assignment and Acceptance, and, in each case, shall pay to the Administrative Agent a processing
and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the
Administrative Agent) and (iv) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent an Administrative Questionnaire (in which the

 

85

 

assignee shall designate one or
more credit contacts to whom all syndicate-level information (which may contain material non-public
information about the Loan Parties and their Related Parties or their respective securities) will
be made available and who may receive such information in accordance with the assignee’s compliance
procedures and applicable laws, including Federal and state securities laws) and all applicable tax
forms. Upon acceptance and recording pursuant to paragraph (e) of this Section 9.04, from and
after the effective date specified in each Assignment and Acceptance, (A) the assignee thereunder
shall be a party hereto and, to the extent of the interest assigned by such Assignment and
Acceptance, have the rights and obligations of a Lender under this Agreement and (B) the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance,
be released from its obligations under this Agreement (and, in the case of an Assignment and
Acceptance covering all or the remaining portion of an 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 2.13, 2.15, 2.19 and 9.05 as well as to any Fees accrued for
its account and not yet paid).

(c) By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder
and the assignee thereunder shall be deemed to confirm to and agree with each other and the other
parties hereto as follows: (i) such assigning Lender warrants that it is the legal and beneficial
owner of the interest being assigned thereby free and clear of any adverse claim and that its Term
Loan Commitment and Revolving Credit Commitment, and the outstanding balances of its Term Loans and
Revolving Loans, in each case without giving effect to assignments thereof which have not become
effective, are as set forth in such Assignment and Acceptance, (ii) except as set forth in clause
(i) above, such assigning Lender makes no representation or warranty and assumes no responsibility
with respect to any statements, warranties or representations made in or in connection with this
Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value
of this Agreement, any other Loan Document or any other instrument or document furnished pursuant
hereto, or the financial condition of the Borrower or any Subsidiary or the performance or
observance by the Borrower or any Subsidiary of any of its obligations under this Agreement, any
other Loan Document or any other instrument or document furnished pursuant hereto; (iii) such
assignee represents and warrants that it is an Eligible Assignee legally authorized to enter into
such Assignment and Acceptance; (iv) such assignee confirms that it has received a copy of this
Agreement, together with copies of the most recent financial statements referred to in Section 3.05
or delivered pursuant to Section 5.04 and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into such Assignment and
Acceptance; (v) such assignee will independently and without reliance upon the Administrative
Agent, the Collateral Agent, such assigning Lender or any other Lender and based on such documents
and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under this Agreement; (vi) such assignee appoints and authorizes the
Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to
exercise such powers under this Agreement as are delegated to the Administrative Agent and the
Collateral Agent, respectively, by the terms hereof, together with such powers as are reasonably
incidental thereto; and (vii) such assignee agrees that it will
perform in accordance with their terms all the obligations which by the terms of this
Agreement are required to be performed by it as a Lender.

 

86

 

(d) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices in The City of New York a copy of each Assignment and Acceptance
delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Commitment of, and principal amount of the Loans 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, the Issuing Bank, the Collateral 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, the Issuing Bank, the
Collateral Agent and any Lender, at any reasonable time and from time to time upon reasonable prior
notice.

(e) Upon its receipt of, and consent to, a duly completed Assignment and Acceptance executed
by an assigning Lender and an assignee, an Administrative Questionnaire completed in respect of the
assignee (unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section, if applicable, the written consent of the
Administrative Agent and, if required, the Borrower, the Swingline Lender and/or the Issuing Bank
to such assignment and any applicable tax forms, the Administrative Agent shall (i) accept such
Assignment and Acceptance and (ii) record the information contained therein in the Register. No
assignment shall be effective unless it has been recorded in the Register as provided in this
paragraph.

(f) Each Lender may without the consent of the Borrower, the Swingline Lender, the Issuing
Bank or the Administrative Agent sell participations to one or more banks or other entities in all
or a portion of its rights and obligations under this Agreement (including all or a portion of its
Commitment and the Loans owing to it); provided, however, 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, (iii) the participating banks or
other entities shall be entitled to the benefit of the cost protection provisions contained in
Sections 2.13, 2.15 and 2.19 to the same extent as if they were Lenders (but, with respect to any
particular participant, to no greater extent than the Lender that sold the participation to such
participant) and (iv) the Borrower, the Administrative Agent, the Collateral Agent, the Issuing
Bank 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, and such Lender shall retain the sole
right to enforce the obligations of the Borrower relating to the Loans or L/C Disbursements and to
approve any amendment, modification or waiver of any provision of this Agreement (other than
amendments, modifications or waivers decreasing any fees payable to such participating bank or
person hereunder or the amount of principal of or the rate at which interest is payable on the
Loans in which such participating bank or person has an interest, extending any scheduled principal
payment date or date fixed for the payment of interest on the Loans in which such

 

87

 

participating bank or person has an interest, increasing or extending the Commitments in which such
participating bank or person has an interest or releasing any Subsidiary Guarantor (other than in
connection with the sale of such Guarantor in a transaction permitted by Section 6.05) or all or
substantially all of the Collateral). To the extent permitted by law, each participating bank or
other person also shall be entitled to the benefits of Section 9.06 as though it were a Lender,
provided that such participating bank or other person agrees to be subject to Section 2.17 as
though it were a Lender. Each Lender that sells a participation shall, acting solely for this
purpose as an agent of the Borrower, maintain a register on which it enters the name and address of
each participant and the principal amounts (and stated interest) of each participant’s interest in
the Loans or other obligations under this Agreement (the “Participant Register”). The entries in
the Participant Register shall be conclusive absent manifest error, and such Lender shall treat
each person whose name is recorded in the Participant Register as the owner of such participation
for all purposes of this Agreement notwithstanding any notice to the contrary.

(g) Any Lender or participant may, in connection with any assignment or participation or
proposed assignment or participation pursuant to this Section, subject to Section 9.16(b), disclose
to the assignee or participant or proposed assignee or participant any information relating to the
Borrower furnished to such Lender by or on behalf of the Borrower; provided that, prior to any such
disclosure of information designated by the Borrower as confidential, each such assignee or
participant or proposed assignee or participant shall execute an agreement whereby such assignee or
participant shall agree (subject to customary exceptions) to preserve the confidentiality of such
confidential information on terms no less restrictive than those applicable to the Lenders pursuant
to Section 9.16.

(h) Any Lender may at any time assign all or any portion of its rights under this Agreement
to secure extensions of credit to such Lender or in support of obligations owed by such Lender;
provided that no such assignment shall release a Lender from any of its obligations hereunder or
substitute any such assignee for such Lender as a party hereto.

(i) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle (an “SPC”), identified as such in writing
from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option
to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be
obligated to make to the Borrower pursuant to this Agreement; provided that (i) nothing herein
shall constitute a commitment by any SPC to make any Loan and (ii) if an SPC elects not to exercise
such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall
be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC
hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such
Loan were made by such Granting Lender. Each party hereto hereby agrees that no SPC shall be
liable for any indemnity or similar payment obligation under this Agreement (all liability for
which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto
hereby agrees (which

 

88

 

agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one
day after the payment in full of all outstanding commercial paper or other senior indebtedness of
any SPC, it will not institute against, or join any other person in instituting against, such SPC
any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the laws
of the United States of America or any State thereof. In addition, notwithstanding anything to the
contrary contained in this Section 9.04, any SPC may (i) with notice to, but without the prior
written consent of, the Borrower and the Administrative Agent and without paying any processing fee
therefor, assign all or a portion of its interests in any Loans to the Granting Lender or to any
financial institutions (consented to by the Borrower and Administrative Agent) providing liquidity
and/or credit support to or for the account of such SPC to support the funding or maintenance of
Loans and (ii) subject to Section 9.16(b), disclose on a confidential basis any non-public
information relating to its Loans to any rating agency, commercial paper dealer or provider of any
surety, guarantee or credit or liquidity enhancement to such SPC.

(j) The Borrower shall not assign or delegate any of its rights or duties hereunder without
the prior written consent of the Administrative Agent, the Issuing Bank and each Lender, and any
attempted assignment without such consent shall be null and void.

(k) In the event that (a) any Lender shall become a Defaulting Lender, (b) S&P, Moody’s and
Thompson’s BankWatch (or InsuranceWatch Ratings Service, in the case of Lenders that are insurance
companies (or Best’s Insurance Reports, if such insurance company is not rated by Insurance Watch
Ratings Service)) shall, after the date that any Lender becomes a Lender, downgrade the long-term
certificate deposit ratings of such Lender, and the resulting ratings shall be below BBB-, Baa3 and
C (or BB, in the case of a Lender that is an insurance company (or B, in the case of an insurance
company not rated by InsuranceWatch Ratings Service)), or (c) with respect to any Revolving Credit
Lender that is not rated by any such ratings service or provider, the Issuing Banks or the
Swingline Lender shall have reasonably determined that there has occurred a material adverse change
in the financial condition of any such Lender, or a material impairment of the ability of any such
Lender to perform its obligations hereunder, as compared to such condition or ability as of the
date that any such Lender became a Lender, then the Issuing Banks shall have the right, but not the
obligation, at its own expense, upon notice to such Lender and the Administrative Agent, to replace
(or to request the Borrower to use its reasonable efforts to replace) such Lender with an assignee
(in accordance with and subject to the restrictions contained in paragraph (b) of this Section),
and such Lender hereby agrees to transfer and assign without recourse (in accordance with and
subject to the restrictions contained in paragraph (b) of this Section) all its interests, rights
and obligations in respect of its Revolving Credit Commitment to such assignee; provided, however,
that (i) no such assignment shall conflict with any law, rule and regulation or order of any
Governmental Authority and (ii) the Issuing Banks or such assignee, as the case may be, shall pay
to such Lender in immediately available funds on the date of such assignment the principal of and
interest accrued to the date of payment on the Loans made by such Lender hereunder and all other
amounts accrued for such Lender’s account or owed to it hereunder.

 

89

 

SECTION 9.05. Expenses; Indemnity. (a) The Borrower agrees to pay all out-of-pocket
expenses incurred by the Administrative Agent, the Collateral Agent, the Issuing Bank and the
Swingline Lender in connection with the syndication of the Credit Facility and the preparation and
administration of this Agreement and the other Loan Documents or in connection with any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions
hereby or thereby contemplated shall be consummated) or incurred by the Administrative Agent, the
Collateral Agent, the Issuing Bank or any Lender in connection with the enforcement or protection
of its rights in connection with this Agreement and the other Loan Documents or in connection with
the Loans made or Letters of Credit issued hereunder, including the reasonable fees, charges and
disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent, and, in
connection with any such enforcement or protection, the reasonable fees, charges and disbursements
of any other counsel for the Administrative Agent, the Collateral Agent or any Lender.

(b) The Borrower agrees to indemnify the Administrative Agent, the Collateral Agent, each
Lender, the Issuing Bank and each Related Party of any of the foregoing persons (each such person
being called an “Indemnitee”) against, and to hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses, including reasonable counsel fees,
charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in any
way connected with, or as a result of (i) the execution or delivery of this Agreement or any other
Loan Document or any agreement or instrument contemplated thereby, the performance by the parties
thereto of their respective obligations thereunder or the consummation of the Transactions and the
other transactions contemplated thereby, (ii) the use of the proceeds of the Loans or issuance of
Letters of Credit, (iii) any claim, litigation, investigation or proceeding relating to any of the
foregoing, whether or not any Indemnitee is a party thereto, or (iv) any actual or alleged presence
or Release of Hazardous Materials on any property currently or formerly owned or operated by the
Borrower or any Subsidiary, or any Environmental Liability related in any way to the Borrower or
the Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses are determined by a court
of competent jurisdiction by final and nonappealable judgment to have resulted primarily from the
gross negligence or willful misconduct of such Indemnitee.

(c) To the extent that the Borrower fails to pay any amount required to be paid by them to
the Administrative Agent, the Collateral Agent, the Issuing Bank or the Swingline Lender under
paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative
Agent, the Collateral Agent, the Issuing Bank or the Swingline Lender, as the case may be, such
Lender’s Pro Rata Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by
or asserted against the Administrative Agent, the Collateral Agent, the Issuing Bank or the
Swingline Lender in its capacity as such.

 

90

 

(d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.

(e) The provisions of this Section shall remain operative and in full force and effect
regardless of the expiration of the term of this Agreement, the consummation of the transactions
contemplated hereby, the repayment of any of the Loans, the expiration of the Commitments, the
expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of
this Agreement or any other Loan Document, or any investigation made by or on behalf of the
Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank. All amounts due under
this Section shall be payable on written demand therefor.

SECTION 9.06. Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender is hereby authorized at any time and from time to time, except to the extent prohibited
by law, to set off and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held and other indebtedness at any time owing by such Lender to or for the
credit or the account of the Borrower against any of and all the obligations of the Borrower now or
hereafter existing under this Agreement and other Loan Documents held by such Lender, irrespective
of whether or not such Lender shall have made any demand under this Agreement or such other Loan
Document and although such obligations may be unmatured. The rights of each Lender under this
Section are in addition to other rights and remedies (including other rights of setoff) which such
Lender may have.

SECTION 9.07. Applicable Law. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN
LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. EACH LETTER OF CREDIT SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED IN ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER
OF CREDIT, OR IF NO SUCH LAWS OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS MOST RECENTLY PUBLISHED AND IN EFFECT, ON THE DATE SUCH LETTER OF CREDIT WAS
ISSUED, BY THE INTERNATIONAL CHAMBER OF COMMERCE (THE “UNIFORM CUSTOMS”) AND, AS TO MATTERS NOT
GOVERNED BY THE UNIFORM CUSTOMS, THE LAWS OF THE STATE OF NEW YORK.

 

91

 

SECTION 9.08. Waivers; Amendment. (a) No failure or delay of the Administrative Agent, the
Collateral Agent, any Lender or the Issuing Bank in exercising any power or right hereunder or
under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such
a right or power, preclude any
other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the Administrative Agent, the Collateral Agent, the Issuing Bank and the Lenders
hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of any provision of this Agreement or any other
Loan Document or consent to any departure by the Borrower or any other Loan Party therefrom shall
in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and
then such waiver or consent shall be effective only in the specific instance and for the purpose
for which given. No notice or demand on the Borrower in any case shall entitle the Borrower to any
other or further notice or demand in similar or other circumstances.

(b) Neither this Agreement nor any provision hereof nor any other Loan Document or any
provision thereof may be waived, amended or modified except pursuant to an agreement or agreements
in writing entered into by the Borrower and the Required Lenders; provided, however, that (i) the
Borrower and the Administrative Agent may enter into an amendment to effect the provisions of
Section 2.23 upon the effectiveness of any Incremental Assumption Agreement (and any such amendment
shall in any event be deemed to have occurred upon such effectiveness), (ii) no such agreement
shall (A) decrease the principal amount of, or extend the maturity of or any scheduled principal
payment date or date for the payment of any interest on any Loan or any date for reimbursement of
an L/C Disbursement, or waive or excuse any such payment or any part thereof, or decrease the rate
of interest on any Loan or L/C Disbursement, without the prior written consent of each Lender
directly adversely affected thereby, (B) increase or extend the Commitment or decrease or extend
the date for payment of any Fees of any Lender without the prior written consent of such Lender,
(C) amend or modify the pro rata requirements of Section 2.16, the provisions of Section 9.04(j) or
the provisions of this Section or release any Subsidiary Guarantor (other than in connection with
the sale of such Guarantor in a transaction permitted by Section 6.05) or all or substantially all
of the Collateral, without the prior written consent of each Lender, (D) change the provisions of
any Loan Document in a manner that by its terms adversely affects the rights in respect of payments
due to Lenders holding Loans of one Class differently from the rights of Lenders holding Loans of
any other Class without the prior written consent of Lenders holding a majority in interest of the
outstanding Loans and unused Commitments of each adversely affected Class, (E) modify the
protections afforded to an SPC pursuant to the provisions of Section 9.04(i) without the written
consent of such SPC, or (F) reduce the percentage contained in the definition of the term “Required
Lenders” without the prior written consent of each Lender (it being understood that with the
consent of the Required Lenders, additional extensions of credit pursuant to this Agreement may be
included in the determination of the Required Lenders on substantially the same basis as the
Revolving Credit Commitments on the date hereof) and (iii) any waiver, amendment or other
modification referred to in subclauses (i)(A) or (B) above with respect to the Loans or Commitments
of any Lender may be made with the prior written consent of such Lender; provided further that no
such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative
Agent, the Collateral Agent, the Issuing Bank or the Swingline Lender hereunder or under any other
Loan Document without the prior written consent of the Administrative Agent, the Collateral Agent,
the Issuing Bank or the Swingline Lender.

 

92

 

(c) The Administrative Agent and the Borrower may amend any Loan Document to correct
administrative errors or omissions, or to effect administrative changes that are not adverse to any
Lender; provided, however, that no such amendment shall become effective until the fifth Business
Day after it has been delivered to the Lenders or otherwise posted for their attention on the
Platform, and then only if the Required Lenders have not objected in writing thereto within such
five Business Day period.

SECTION 9.09. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if
at any time the interest rate applicable to any Loan or participation in any L/C Disbursement,
together with all fees, charges and other amounts which are treated as interest on such Loan or
participation in such L/C Disbursement under applicable law (collectively the “Charges”), shall
exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken,
received or reserved by the Lender holding such Loan or participation in accordance with applicable
law, the rate of interest payable in respect of such Loan or participation hereunder, together with
all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent
lawful, the interest and Charges that would have been payable in respect of such Loan or
participation but were not payable as a result of the operation of this Section shall be cumulated
and the interest and Charges payable to such Lender in respect of other Loans or participations or
periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount,
together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall
have been received by such Lender.

SECTION 9.10. Entire Agreement. This Agreement, the Fee Letter and the other Loan Documents
constitute the entire contract between the parties relative to the subject matter hereof. Any
other previous agreement among the parties with respect to the subject matter hereof is superseded
by this Agreement and the other Loan Documents. Nothing in this Agreement or in the other Loan
Documents, expressed or implied, is intended to confer upon any person (other than the parties
hereto and thereto, their respective successors and assigns permitted hereunder (including any
Affiliate of the Issuing Bank that issues any Letter of Credit) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the Collateral Agent,
the Issuing Bank and the Lenders) any rights, remedies, obligations or liabilities under or by
reason of this Agreement or the other Loan Documents.

SECTION 9.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE
OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT
AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

 

93

 

SECTION 9.12. Severability. In the event any one or more of the provisions contained in this
Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions contained herein and
therein shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect
the validity of such provision in any other jurisdiction). The parties shall endeavor in
good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid
provisions the economic effect of which comes as close as possible to that of the invalid, illegal
or unenforceable provisions.

SECTION 9.13. [INTENTIONALLY OMITTED]

SECTION 9.14. Headings. Article and Section headings and the Table of Contents used herein
are for convenience of reference only, are not part of this Agreement and are not to affect the
construction of, or to be taken into consideration in interpreting, this Agreement.

SECTION 9.15. Jurisdiction; Consent to Service of Process. The Borrower hereby irrevocably
and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New
York State court or Federal court of the United States of America sitting in New York County, and
any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement or the other Loan Documents, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect
of any such action or proceeding may be heard and determined in such New York State or, to the
extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final
judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement shall affect any right that the Administrative Agent, the Collateral Agent, the Issuing
Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement
or the other Loan Documents against the Borrower or its properties in the courts of any
jurisdiction.

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

(b) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement will affect the
right of any party to this Agreement to serve process in any other manner permitted by law.

 

94

 

SECTION 9.16. Confidentiality. (a) Each of the Administrative Agent, the Collateral Agent,
the Issuing Bank and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its and its Affiliates’ officers,
directors, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the persons to whom such disclosure is made will be informed of the confidential
nature of such Information and instructed to keep such Information confidential), (b) to the extent
requested by any regulatory authority or quasi-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) in connection with the exercise of any
remedies hereunder or under the other Loan Documents or any suit, action or proceeding relating to
the enforcement of its rights hereunder or thereunder, (e) subject to an agreement containing
provisions substantially the same as those of this Section, to (i) any actual or prospective
assignee of or participant in any of its rights or obligations under this Agreement and the other
Loan Documents or (ii) any actual or prospective counterparty (or its advisors) to any swap or
derivative transaction relating to the Borrower or any Subsidiary or any of their respective
obligations, (f) with the consent of the Borrower or (g) to the extent such Information becomes
publicly available other than as a result of a breach of this Section. For the purposes of this
Section, “Information” shall mean all information received from the Borrower and related to the
Borrower or its business, other than any such information that was available to the Administrative
Agent, the Collateral Agent, the Issuing Bank or any Lender on a nonconfidential basis prior to its
disclosure by the Borrower; provided that, in the case of Information received from the Borrower
after the date hereof, such information is clearly identified at the time of delivery as
confidential.

(b) The Administrative Agent, the Lenders and all other persons who are or who may become
party to this Agreement or who may participate in the Loans pursuant to Section 9.04(f) or are SPCs
acknowledge that the Borrower and its Subsidiaries perform classified contracts funded by or for
the benefit of the United States Federal government, and, accordingly, notwithstanding any other
provision of this Agreement, neither the Borrower nor any Subsidiary will be obligated to release,
disclose or otherwise make available: (i) any classified information to any person including the
Administrative Agent, the Lenders or any other person not in possession of a valid security
clearance and authorized by the appropriate agency of the United States Federal government to
receive such material, or (ii) any material whatsoever to any person including the Administrative
Agent, the Lenders or any other person if such release, disclosure or availability would not comply
with the National Industrial Security Program Operating Manual and associated laws and regulations.
The Administrative Agent and the Lenders agree that, in connection with any exercise of a right or
remedy, the United States Federal government may remove classified information or government-issued
property prior to any remedial action implicating such classified information or government-issued
property. Upon notice from the Borrower, the Administrative Agent and the Lenders shall take such
steps in accordance with this Agreement as may reasonably be requested by the Borrower to
enable the Borrower or any Subsidiary to comply with the Foreign Ownership Control or
Influence requirements of the United States government imposed from time to time.

 

95

 

SECTION 9.17. Lender Action. Each Lender agrees that it shall not take or institute any
actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party or
any other obligor under any of the Loan Documents (including the exercise of any right of setoff,
rights on account of any banker’s lien or similar claim or other rights of self-help), or institute
any actions or proceedings, or otherwise commence any remedial procedures, with respect to any
Collateral or any other property of any such Loan Party, unless expressly provided for herein or in
any other Loan Document, without the prior written consent of the Administrative Agent. The
provisions of this Section 9.17 are for the sole benefit of the Lenders and shall not afford any
right to, or constitute a defense available to, any Loan Party.

SECTION 9.18. USA PATRIOT Act Notice. Each Lender and the Administrative Agent (for itself
and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of
the USA PATRIOT Act, 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 USA PATRIOT Act.

SECTION 9.19. Application of Proceeds. Upon receipt from the Collateral Agent of the
proceeds of any collection, sale, foreclosure or other realization upon any Collateral, including
any Collateral consisting of cash, following the exercise of remedies provided for in Article VII
(or after the Loans have automatically become due and payable as set forth in Article VII), the
Administrative Agent shall apply such proceeds as follows:

FIRST, to the payment of all costs and expenses incurred by the Administrative Agent
(in its capacity as such hereunder or under any other Loan Document) in connection with
such collection, sale, foreclosure or realization or otherwise in connection with this
Agreement or any other Loan Document, including all court costs and the fees and expenses
of its agents and legal counsel, the repayment of all advances made by the Administrative
Agent hereunder or under any other Loan Document on behalf of any Loan Party and any other
costs or expenses incurred in connection with the exercise of any right or remedy hereunder
or under any other Loan Document;

 

96

 

SECOND, to the payment in full of Unfunded Advances/Participations (the amounts so
applied to be distributed between or among the Administrative Agent and the Issuing Banks
pro rata in accordance with the amounts of Unfunded Advances/Participations owed to them on
the date of any such distribution); and

THIRD, to the payment in full of all other Bank Obligations (the amounts so applied to
be distributed among the Bank Secured Parties pro rata in
accordance with the amounts of the Bank Obligations owed to them on the date of any
such distribution).

The Administrative Agent shall have absolute discretion as to the time of application of any
such proceeds, moneys or balances in accordance with this Agreement.

[Remainder of page intentionally blank]

 

97Exhibit 10.1

Exhibit 10.1

SECOND AMENDMENT TO

EMPLOYMENT AGREEMENT

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Second Amendment”), is entered
into as of March 10, 2011, by and between Opnext, Inc., a Delaware corporation (the
“Company”) and Robert J. Nobile (“Executive”). Capitalized terms used and not
otherwise defined herein shall have the meanings ascribed to such terms in the Employment Agreement
(as defined below).

WHEREAS, the Company and Executive have entered into that certain Amended and Restated
Employment Agreement, dated as of December 31, 2008, as amended by the First Amendment thereto,
dated as of May 15, 2009 (the “Employment Agreement”), which sets forth the terms and
conditions of Executive’s employment by the Company; and

WHEREAS, the Company and Executive mutually desire to amend the Employment Agreement as set
forth in this Second Amendment.

NOW, THEREFORE, in consideration of the premises set forth herein and for other good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, the Company and
Executive hereby amend the Employment Agreement as follows, effective as of March 10, 2011:

1. The first sentence of Section 7 of the Employment Agreement is hereby amended and
restated in its entirety as follows:

“The initial term (the “Initial Term”) of Executive’s employment under this
Agreement with Opnext shall be for a period of four (4) years, commencing on
the date hereof and ending on December 31, 2012.”

2. This Second Amendment shall be and is hereby incorporated in and forms a part of the
Employment Agreement.

3. Except as amended and set forth herein, the Employment Agreement shall continue in full
force and effect.

[Signature Page Follows]

 

 

IN WITNESS WHEREOF, this Second Amendment has been executed and delivered by the parties
hereto.

	 	 	 	 	 	 	 
	OPNEXT, INC.

	 	 	EXECUTIVE
	 	 
	 	 
	 	 	 	 	 
	By: 	 /s/ Harry L. Bosco

	 	 	/s/ Robert J. Nobile	 	 
	 	 	 

	 	 	 
	 	 

	 	 	 	 	 
	 	Name: Harry L. Bosco

	 	 	(Signature)	 	 
	 	Its: Chairman and Chief Executive Officer

	 	 	 	 	 
	 	 

	 	 	Robert J. Nobile	 	 
	 	 

	 	 	 	 	 
	 	 

	 	 	(Print Name)	 	 

 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]