Document:

Purchase Agreement

 Execution Copy 
  
 EXHIBIT 10(b) 
  
 Stratus Technologies, Inc. 
  
 10.375% Senior Notes due 2008 
  

  
 Purchase Agreement 
  
 November 6, 2003 
  
 Goldman, Sachs & Co., 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
     As representatives of the several
Purchasers 
     named in Schedule I hereto, 
 c/o Goldman, Sachs & Co., 
 85 Broad Street, 
 New York, New York 10004 
  
 Ladies and Gentlemen: 
  
 Stratus Technologies, Inc., a Delaware corporation (the
“Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the Purchasers named in Schedule I hereto (the “Purchasers”) an aggregate of $170,000,000 principal amount of the Company’s Senior
Notes specified above (the “Securities”). The Securities will be unconditionally guaranteed as to the payment of principal, premium and interest (including special interest), if any, (a “Guarantee” and together, the
“Guarantees”) by Stratus Technologies International S.à r.l., Stratus Equity S.à r.l. (each a “Luxembourg Guarantor”), SRA Technologies Cyprus, Ltd. (the “Cyprus Guarantor”), Stratus Technologies Bermuda
Ltd. (the “Bermuda Guarantor”), Stratus Technologies Ireland Limited, Stratus Research & Development Ltd. (each an “Ireland Guarantor”), Cemprus Technologies Inc. and Cemprus LLC (each, a Delaware Guarantor”) (each a
“Guarantor” and collectively, the “Guarantors”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Offering Circular (as defined) under the heading “Description of Notes”.

  
 1. Each of the Company and the Guarantors, jointly and
severally, represents and warrants to, and agrees with, each of the Purchasers that: 
  
 (a) A preliminary offering circular, dated October 24, 2003 and the first supplement offering circular, dated November 6, 2003
(collectively, the “Preliminary Offering Circular”), and an offering circular, dated November 6, 2003 (the “Offering Circular”) in each case including the international supplements thereto, which are attached to and made a part
of the Preliminary Offering Circular and Offering Circular have been prepared in connection with the offering of the Securities. Any reference to the Preliminary Offering Circular or the Offering Circular shall be deemed to refer to and include any
Additional Issuer Information (as defined in Section 5(f)) furnished by the Company prior to the completion of the distribution of the Securities. The Preliminary Offering Circular and the Offering Circular and any amendments or supplements thereto
did not and will not, as of their respective dates, contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
misleading; provided, however, that this representation and warranty shall not apply to any 

 
statements or omissions made in reliance upon and in conformity with information furnished in writing to the Company by a Purchaser through Goldman, Sachs
& Co. expressly for use therein; 
  
 (b)
Neither the Company nor any of its subsidiaries has sustained since the date of the latest audited financial statements included in the Offering Circular any material loss or interference with its business from fire, explosion, flood or other
calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree, otherwise than as set forth or contemplated in the Offering Circular; and, since the respective dates as of which information
is given in the Offering Circular, there has not been any change in the capital stock, total debt or long-term debt of the Company or any of its subsidiaries or any material adverse change, or any development involving a prospective material adverse
change, in or affecting the general affairs, management, financial position, stockholders’ equity or results of operations of the Company and its subsidiaries, otherwise than as set forth or contemplated in the Offering Circular; 
  
 (c) As of the date of this Agreement and at the Time of
Delivery (as defined below), each of the Company’s immaterial subsidiaries, as defined in the Description of Notes section of the Offering Circular, that are not named as Guarantors under this Agreement and are not guarantors of the Securities
is not a “Domestic Subsidiary” as such term is defined in the Description of Notes section of the Offering Circular; 
  
 (d) The Company, the Guarantors and their respective subsidiaries have good and marketable title in fee simple to all real property and
good and marketable title to all personal property owned by them, in each case free and clear of all liens, encumbrances and defects except such as are described in the Offering Circular or such as do not materially affect the value of such property
and do not interfere with the use made and proposed to be made of such property by the Company, the Guarantors and their respective subsidiaries; and any real property and buildings held under lease by the Company, the Guarantors and their
respective subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not material and do not materially interfere with the use made and proposed to be made of such property and buildings by the Company,
the Guarantors and their respective subsidiaries; 
  
 (e) The Company, the Guarantors and their respective subsidiaries have each been duly incorporated and are validly existing as corporations, or other entities, in good standing (to the extent applicable) under the laws of their respective
jurisdictions of incorporation, with power and authority (corporate and other) to own its properties and conduct its business as described in the Offering Circular, and have been duly qualified as foreign corporations for the transaction of business
and are in good standing under the laws of each other jurisdiction in which they own or lease properties or conduct any business so as to require such qualification, or are subject to no material liability or disability by reason of the failure to
be so qualified in any such jurisdiction; 
  
 (f)
Stratus Technologies Group, S.A. has an authorized capitalization as set forth in the Offering Circular, and all of the issued shares of capital stock of the Company and each Guarantor have been duly and validly authorized and issued and are fully
paid and non-assessable; and all of the issued shares of capital stock of each subsidiary of the Company and each Guarantor have been duly and validly authorized and issued, are fully paid and non-assessable and (except for directors’
qualifying shares and except as otherwise set 

  

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forth in the Offering Circular) are owned directly or indirectly by the Company or applicable Guarantor, free and clear of all liens, encumbrances, equities
or claims (other than (i) issued shares of capital stock that may be held by a local trustee and (ii) all of the issued shares of capital stock of the Company and the Guarantors which have been pledged to JPMorgan Chase Bank as security for the
existing credit agreement); 
  
 (g) The
Securities have been duly authorized and, when issued and delivered pursuant to this Agreement, will have been duly executed, authenticated, issued and delivered and will constitute valid and legally binding obligations of the Company entitled to
the benefits provided by the indenture to be dated as of November 18, 2003 (the “Indenture”) between the Company, the Guarantors and U.S. Bank National Association, as Trustee (the “Trustee”), under which they are to be issued,
which will be substantially in the form previously delivered to you; the Indenture has been duly authorized and, when executed and delivered by the Company, the Guarantors and the Trustee, the Indenture will constitute a valid and legally binding
instrument, enforceable in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights and to general equity principles; and
the Securities and the Indenture will conform to the descriptions thereof in the Offering Circular and will be in substantially the form previously delivered to you; 
  
 (h) The Guarantees have been duly authorized by each of the Guarantors, and when the Indenture is executed,
issued and delivered, the Guarantee provisions included therein will constitute valid and legally binding obligations of such Guarantors, entitled to the benefits provided by the Indenture and enforceable against them in accordance with their terms,
subject, as to enforcement, to bankruptcy, insolvency, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights from time to time in effect and to general equity principles (including,
without limitation, concepts of materiality, reasonableness, good faith and fair dealing, regardless of whether considered in a proceeding at law or in equity); 
  
 (i) The exchange and registration rights agreement to be dated November 18, 2003, among the Company, the
Guarantors and the Purchasers (the “Registration Rights Agreement”) has been duly authorized by the Company and each of the Guarantors, and when duly executed and delivered (assuming due authorization, execution and delivery by each of the
other parties thereto), will constitute a valid and legally binding obligation of the Company and such Guarantors, enforceable against them in accordance with its terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization,
moratorium and other laws of general applicability relating to or affecting creditors’ rights or limiting the availability of, and public policy against, indemnification and contribution from time to time in effect and to general equity
principles (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, regardless of whether considered in a proceeding at law or in equity); 
  
 (j) The Exchange Securities (as defined in Section 5(k)) to be delivered in exchange for the Securities have
been duly authorized for issuance by the Company, and when executed, authenticated, issued and delivered pursuant to this Agreement, the Indenture and the Registration Rights Agreement, will constitute valid and legally binding obligations of the
Company, entitled to the benefits provided by the Indenture and enforceable in accordance with their terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting
creditors’ rights from time to time in 
  

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effect and to general equity principles (including, without limitation, concepts of materiality, reasonableness, good faith and fair dealing, regardless of
whether considered in a proceeding at law or in equity); 
  
 (k) The guarantees of the Company’s obligations included in the Indenture under the Exchange Securities (the “Exchange Guarantees”) to be offered in exchange for the Guarantees in the Exchange Offer
have been duly authorized by each of the Guarantors, and, when the Indenture and the Exchange Securities are duly executed, issued and delivered, the Guarantee provisions included in the Indenture will constitute valid and legally binding
obligations of each such the Guarantor, entitled to the benefits provided by the Indenture and enforceable in accordance with their terms, subject, as to enforcement, to bankruptcy, insolvency, reorganization, moratorium and other laws of general
applicability relating to or affecting creditors’ rights or limiting the availability of, and public policy against, indemnification and contribution from time to time in effect and to general equity principles (including, without limitation,
concepts of materiality, reasonableness, good faith and fair dealing, regardless of whether considered in a proceeding at law or in equity); 
  
 (l) None of the transactions contemplated by this Agreement and to be performed by the Company (including, without limitation, the use of
the proceeds from the sale of the Securities) will violate or result in a violation of Section 7 of the Exchange Act, or any regulation promulgated thereunder, including, without limitation, Regulations T, U, and X of the Board of Governors of the
Federal Reserve System; 
  
 (m) Prior to the date
hereof, neither the Company, the Guarantors nor any of their affiliates have taken any action which is designed to or which has constituted or which might have been expected to cause or result in stabilization or manipulation of the price of any
security of the Company or any Guarantor in connection with the offering of the Securities and the Guarantees; 
  
 (n) The issue and sale of the Securities, compliance by the Company and the Guarantors, with all of the provisions of the Securities, the
Indenture, the Registration Rights Agreement and this Agreement (collectively, the “Operative Documents”) and the consummation of the transactions herein and therein contemplated will not conflict with or result in a breach or violation of
any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Company, a Guarantor or any of their respective subsidiaries is a party or by
which the Company, a Guarantor or any of their respective subsidiaries is bound or to which any of the property or assets of the Company, a Guarantor or any of their respective subsidiaries is subject (except, in each case, for such conflict,
breach, violation, or default which could not reasonably be expected to have a Material Adverse Effect), nor will such action result in any violation of the provisions of the Certificate of Incorporation or By-laws of the Company or any similar
organizational or formation document of any Guarantor or any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Company, a Guarantor or any of their respective subsidiaries or any of
their properties; and no consent, approval, authorization, order, registration or qualification of or with any such court or governmental agency or body is required for the issue and sale of the Securities, or the consummation by the Company and the
Guarantors, of the transactions contemplated by this Agreement, the Securities, the Indenture or the Registration Rights Agreement, except (i) for the filing and approval of a registration statement by the Company with the Commission pursuant to the
United States Securities Act of 1933, as amended (the “Act”) pursuant to 

  

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Section 5(k) hereof, (ii) for such consents, approvals, authorizations, registrations or qualifications as may be required under state securities or Blue Sky
laws in connection with the purchase and distribution of the Securities by the Purchasers and (iii) to the extent that the failure to obtain such consents, approvals, authorizations, registrations or qualifications could not reasonably be expected
to have a Material Adverse Effect (as defined below); provided, that the representations and warranties contained in this Section 1(n) assume compliance with all applicable state securities or “Blue Sky” laws and assume the accuracy
of the representations and warranties of the Purchasers and compliance by the Purchasers with the covenants set forth in this agreement; 
  
 (o) Neither the Company, the Guarantors nor any of their respective subsidiaries is in default in the performance or observance of any
material obligation, covenant or condition contained in any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to which it is a party or by which it or any of its properties may be bound (except for any
violation or default which could not reasonably be expected to have a Material Adverse Effect) or in violation of its Certificate of Incorporation or By-laws or any similar organizational or formation document; 
  
 (p) The statements set forth in the Offering Circular under
the caption “Description of Notes”, insofar as they purport to constitute a summary of the terms of the Securities and the Indenture, and under the captions “Important U.S. Federal Income Tax Considerations,” Enforcement of Civil
Liabilities” and “Underwriting”, insofar as they purport to describe the provisions of the laws and documents referred to therein, are accurate, complete and fair in all material respects; 
  
 (q) Other than as set forth in the Offering Circular, there
are no legal or governmental proceedings pending to which the Company, a Guarantor or any of their respective subsidiaries is a party or of which any property of the Company, a Guarantor or any of their subsidiaries is the subject which, if
determined adversely to the Company, a Guarantor or any of their respective subsidiaries, individually or in the aggregate could reasonably be expected to have a Material Adverse Effect; and, to the best of the Company’s and each of the
Guarantors’ knowledge, no such proceedings are threatened or contemplated by governmental authorities or threatened by others; 
  
 (r) When the Securities and the Guarantees are issued and delivered pursuant to this Agreement, neither the Securities nor the Guarantees
will be of the same class (within the meaning of Rule 144A under the Securities Act of 1933, as amended (the “Act”)) as securities which are listed on a national securities exchange registered under Section 6 of the United States
Securities Exchange Act of 1934, as amended (the “Exchange Act”) or quoted in a U.S. automated inter-dealer quotation system; 
  
 (s) Neither the Company, any Guarantor nor any of their respective subsidiaries is or after giving effect to the offering and sale of the
Securities will be an “investment company”, as such term is defined in the United States Investment Company Act of 1940, as amended (the “Investment Company Act”); 
  
 (t) To the extent required by the Exchange Act, the Company and each Guarantor maintains and will maintain
disclosure controls and procedures (as defined as Rule 13a-14 of the Exchange Act) designed to ensure that information required to be disclosed by the Company or any Guarantor in the reports that it files or submits under the Exchange Act is 

  

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recorded, processed, summarized and reported in accordance with the Exchange Act and the rules and regulations thereunder; and to the extent required under
the Exchange Act the Company and each Guarantor has carried out and will carry out evaluations, under the supervision and with the participation of the Company’s or Guarantor’s management, as applicable, of the effectiveness of the design
and operation of the Company’s disclosure controls and procedures in accordance with Rule 13a-15 of the Exchange Act; 
  
 (u) Neither the Company, the Guarantors, nor any person acting on its or their behalf has offered or sold the Securities by means of any
general solicitation or general advertising within the meaning of Rule 502(c) under the Act or, with respect to Securities sold outside the United States to non-U.S. persons (as defined in Rule 902 under the Act), by means of any directed selling
efforts within the meaning of Rule 902 under the Securities Act and the Company, any affiliate of the Company and any person acting on its or their behalf has complied with and will implement the “offering restriction” within the meaning
of such Rule 902; 
  
 (v) Within the preceding
six months, neither the Company, the Guarantors, nor any other person acting on behalf of the Company or any Guarantor has offered or sold to any person any Securities or Guarantees, or any securities of the same or a similar class as the Securities
or Guarantees, other than Securities and Guarantees offered or sold to the Purchasers hereunder. The Company will take reasonable precautions designed to insure that any offer or sale, direct or indirect, in the United States or to any U.S. person
(as defined in Rule 902 under the Act) of any Securities and the Guarantees or any substantially similar security issued by the Company, within six months subsequent to the date on which the distribution of the Securities and the Guarantees has been
completed (as notified to the Company by Goldman, Sachs & Co.), is made under restrictions and other circumstances reasonably designed not to affect the status of the offer and sale of the Securities and the Guarantors in the United States and
to U.S. persons contemplated by this Agreement as transactions exempt from the registration provisions of the Securities Act; 
  
 (w) Except as described in the Offering Circular and except such matters as could not, individually or in the aggregate, reasonably be
expected to result in a material adverse effect on the general affairs, management, financial position, stockholders’ equity or results of operations of the Company, the Guarantors and their respective subsidiaries, taken as a whole (a
“Material Adverse Effect”), (i) neither the Company, the Guarantors nor any of their respective subsidiaries is in violation of any federal, state, local or foreign statute, law, rule, regulation, ordinance or code, or any judicial or
administrative order, consent, decree or judgment thereof, including any judicial or administrative order, consent, decree or judgment relating to pollution or protection of human health, the environment (including, without limitation, ambient air,
surface water, groundwater, land surface or subsurface strata) or wildlife, including, without limitation, laws and regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous
substances, petroleum or petroleum products (collectively, “Hazardous Materials”) or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials (collectively,
“Environmental Laws”), (ii) the Company, the Guarantors and each of their respective subsidiaries have all permits, authorizations and approvals required under any applicable Environmental Laws and are each in compliance with their
requirements, (iii) there are no pending or, to the knowledge of the Company or any Guarantor, threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of noncompliance or violation,
investigation or proceedings 

  

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relating to any Environmental Law against the Company, any Guarantor or any of their respective subsidiaries and (iv) there are no events or circumstances
that, to the knowledge of the Company or any Guarantor, would be expected to form the basis of an order for clean-up or remediation, or an action, suit or proceeding by any private party or governmental body or agency, against or affecting the
Company, any Guarantor or any of their respective subsidiaries relating to Hazardous Materials or Environmental Laws; 
  
 (x) The Company and each of its subsidiaries own, possess, are validly licensed under, or can acquire on reasonable terms, adequate
patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, trade names or other
intellectual property (collectively, “Intellectual Property”) necessary to carry on the business now operated by them (except to the extent that such failure to own, possess, be validly licensed or able to acquire on reasonable terms could
not reasonably be expected to have a Material Adverse Effect), and except as set forth in the Offering Circular, neither the Company nor any of its subsidiaries has received any notice or is otherwise aware of any infringement of or conflict with
asserted rights of others with respect to any material Intellectual Property or of any facts or circumstances which would render any material Intellectual Property invalid or inadequate to protect the interest of the Company or any of its
subsidiaries therein (except to the extent that such infringement, conflict, invalidity or inadequacy could not reasonably be expected to have a Material Adverse Effect); 
  
 (y) The financial statements, including the notes thereto, included in the Offering Circular comply as to
form in all material respects with the applicable accounting requirements of the Act, the Exchange Act, and the rules and regulations of the Commission thereunder, and present fairly in all material respects the financial position of Stratus
Technologies International S.à r.l. and its consolidated subsidiaries and the other entities for which financial statements are included in the Offering Circular as of the dates indicated and condition and results of operations for the
periods specified; said financial statements have been prepared in conformity with generally accepted accounting principles as applied in the United States applied on a consistent basis throughout the periods involved except as stated in the related
notes thereto; and the other statistical information and data included in the Offering Circular present fairly the information included therein and are based upon or derived from sources that the Company believes to be reliable and accurate;

  
 (z) No capital, stamp duty, stamp duty
reserve or other documentary, issuance or transfer taxes or duties are payable by or on behalf of the Purchasers in the United States, the European Union or any member state thereof, or, in each case, any political sub-division or taxing authority
thereof or therein on (i) the creation, issue or delivery by the Company of the Securities pursuant hereto or the sale thereof; (ii) the execution and delivery of the Operative Documents, or (iii) the consummation of the transactions contemplated by
the Operative Documents; 
  
 (aa) All material
tax returns that are required to be filed for which the Company, a Guarantor or their respective subsidiaries are or could become liable as a result of being part of a fiscal unity have been accurately prepared and timely filed (except where the
failure to so file could not reasonably be expected to have a Material Adverse Effect), and all material taxes, assessments, governmental or other similar charges for which the Company a Guarantor or their respective subsidiaries are or could become
liable as a result of being part of a fiscal unity have been paid or provided for, including without limitation, all sales and use 

  

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taxes and all employee, credit and third party withholding taxes, with respect to the periods covered by such tax returns (whether or not such amounts are
shown as due on any tax return). No deficiency assessment with respect to a proposed adjustment of such taxes (other than with respect to a deficiency that is being contested in good faith and for which adequate reserves have been provided) is
pending or, to the best of the Company’s and each Guarantor’s knowledge, threatened, except for deficiency assessments which could not reasonably be expected to have a Material Adverse Effect. There is no material tax lien, whether imposed
by any federal, state, or other taxing authority, outstanding against the assets, properties or business of the Company or any of its subsidiaries (other than for taxes not yet due and payable or being contested in good faith); 
  
 (bb) No labor disturbance by the employees of the Company,
any Guarantor or any of their respective subsidiaries exists or, to the best of the Company’s and each Guarantor’s knowledge, is imminent; except as disclosed in the Offering Circular, neither the Company, any Guarantor nor any of their
respective subsidiaries is party to a collective bargaining agreement; and there are no unfair labor practice complaints pending against the Company, any Guarantor or any of their respective subsidiaries or, to the best of the Company’s and
each Guarantor’s knowledge, threatened against any of them which, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect; 
  
 (cc) The Company is, and immediately after the Time of Delivery and the transactions contemplated hereby
will be, Solvent. As used herein, the term “Solvent” means, with respect to the Company on a particular date, that on such date (i) the fair market value of the assets of the Company is greater than the total amount of liabilities
(including contingent liabilities) of the Company, (ii) the present fair saleable value of the assets of the Company is greater than the amount that will be required to pay the probable liabilities of the Company on its debts as they become absolute
and matured, (iii) the Company is able to realize upon its assets and pay its debts and other liabilities, including contingent obligations, as they mature, and (iv) the Company does not have unreasonably small capital. No proceedings have been
commenced for purposes of, and no judgment has been rendered for, the liquidation, bankruptcy or winding-up of the Company or any of its subsidiaries; 
  
 (dd) Except in each case as set forth in the Offering Circular, the Company, the Guarantors and their respective subsidiaries possess such
permits, licenses, approvals, consents, exemptions, franchises, and other authorizations (collectively, “Governmental Licenses”) issued by the appropriate national, state, local or foreign regulatory agencies or bodies necessary to conduct
the business now operated by them (except where the failure to possess such permits, licenses, approvals, consents, exemptions, franchises and other authorizations could not be reasonably be expected to have a Material Adverse Effect); the Company,
the Guarantors, and their respective subsidiaries are in compliance with the terms and conditions of all such Governmental Licenses and with the rules and regulations of the regulatory authorities and governing entities having jurisdiction with
respect thereto (except where such non-compliance could not reasonably be expected to have a Material Adverse Effect); all of the Governmental Licenses are valid and in full force and effect, and neither the Company, the Guarantors, nor any of their
respective subsidiaries has received any notice of, or is aware of, any proceedings relating to the revocation or modification of any such Governmental Licenses (except where such invalidity or proceedings could not be reasonably be expected to have
a Material Adverse Effect); 
  

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 (ee) The Company, the Guarantors and their respective subsidiaries have insurance with
financially sound and reputable insurers covering their respective properties, operations, personnel and businesses, which insurance the Company believes to be appropriate and is in amounts and insures against such losses or risks as are customary
in the industry in which the Company, the Guarantors and their respective subsidiaries operate, and all such insurance is in full force and effect. Neither the Company, the Guarantors or any of their respective subsidiaries has received notice from
any insurer or agent of such insurer that capital improvements or other expenditures are required or necessary to be made in order to continue such insurance; 
  

(ff) Neither the Company, the Guarantors nor any of their respective subsidiaries nor any director, officer, or, to its knowledge,
employee or other person associated with or acting on behalf of the Company, the Guarantors or any of their respective subsidiaries has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense
relating to political activity, (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds, (iii) caused the Company, the Guarantors or any of their respective subsidiaries to be
in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977 when such regulation becomes applicable to the Company, the Guarantors or any of their respective subsidiaries, or (iv) made any bribe, rebate, payoff, influence
payment, kickback or other unlawful payment; 
  
 (gg) The Company and each Guarantor has the power to submit, and has or will have at the Time of Delivery, legally, validly, effectively and irrevocably submitted to the non-exclusive jurisdiction of any U.S. federal or state court in the
Borough of Manhattan in The City of New York, New York, and have the power to designate, appoint and empower and have or will have at the Closing Time legally, validly, effectively and irrevocably designated, appointed and empowered, an agent for
service of process in any suit or proceeding based on or arising under the Securities or the Operative Documents in any U.S. federal or state court in the Borough of Manhattan in The City of New York, as provided in the such Operative Documents;

  
 (hh) The Securities, the Indenture, the
Registration Rights Agreement, and the new senior secured revolving credit agreement, dated as of November 18, 2003 by and among the Company and JPMorgan Chase Bank, as a lender and as administrative agent for the other lenders and Goldman Sachs
Credit Partners L.P., as a lender and as the syndication agent, providing for up to $30 million of revolving credit borrowings (the “Credit Agreement”), will conform in all material respects to the descriptions thereof in the Offering
Circular. 
  
 (ii) Neither the Company nor any of
its affiliates does business with the government of Cuba or with any person or affiliate located in Cuba within the meaning of Section 517.075, Florida Statutes; and 
  
 (jj) PricewaterhouseCoopers LLP, who have audited certain financial statements (which term as used in this
Agreement includes the related notes thereto) of Stratus Technologies International, S.à r.l. and its subsidiaries, are independent public accountants (as such term is defined in the Act and the rules and regulations of the Commission
thereunder). 
  
 2. The Company agrees to issue and sell to each
of the Purchasers, and each of the Purchasers agrees, on the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions herein set forth, severally and not jointly, to purchase from the 

  

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Company, at a purchase price of 97.0% of the principal amount thereof, plus accrued interest, if any, from November 6, 2003 to the Time of Delivery
hereunder, the principal amount of Securities (and the Guarantees thereof) set forth opposite the name of such Purchaser in Schedule I hereto. 
  
 3. Upon the authorization by you of the release of the Securities and the Guarantees, the several Purchasers propose to offer the Securities and the
Guarantees for sale upon the terms and conditions set forth in this Agreement and the Offering Circular and each Purchaser hereby represents and warrants to, and agrees with the Company that: 
  
 (a) It will offer and sell (or solicit offers for) the
Securities only to persons who it reasonably believes are “qualified institutional buyers” (“QIBs”) within the meaning of Rule 144A under the Act in transactions meeting the requirements of Rule 144A or (ii) upon the terms and
conditions set forth in Annex I to this Agreement; 
  
 (b) It is an Institutional Accredited Investor within the meaning of Rule 501 under the Act; and 
  
 (c) It will not offer or sell the Securities by any form of general solicitation or general advertising, including but not limited to the
methods described in Rule 502(c) under the Act. 
  
 The Purchasers
understand that the Company and the Guarantors and, for purposes of the opinions to be delivered by them pursuant hereto, counsel to the Company and the Guarantors will rely upon the accuracy and truth of the foregoing representations, and each
Purchaser hereby consents to such reliance. 
  
 4. (a) The
Securities to be purchased by each Purchaser hereunder will be represented by one or more definitive global Securities in book-entry form which will be deposited by or on behalf of the Company with The Depository Trust Company (“DTC”) or
its designated custodian. The Company will deliver the Securities to Goldman, Sachs & Co., for the account of each Purchaser, against payment by or on behalf of such Purchaser of the purchase price therefor by wire transfer, payable to the order
of the Company in Federal (same day) funds, by causing DTC to credit the Securities to the account of Goldman, Sachs & Co. at DTC. The Company will cause the certificates representing the Securities to be made available to Goldman, Sachs &
Co. for checking at least twenty-four hours prior to the Time of Delivery (as defined below) at the office of DTC or its designated custodian (the “Designated Office”). The time and date of such delivery and payment shall be 9:30 a.m., New
York City time, on November 18, 2003 or such other time and date as Goldman, Sachs & Co. and the Company may agree upon in writing. Such time and date are herein called the “Time of Delivery.” 
  
 (b) The documents to be delivered at the Time of Delivery by or on behalf of
the parties hereto pursuant to Section 7 hereof, including the cross-receipt for the Securities and any additional documents requested by the Purchasers pursuant to Section 7(m) hereof, will be delivered at such time and date at the offices of
Gibson, Dunn & Crutcher LLP, 200 Park Avenue, New York, New York 10166 (the “Closing Location”), and the Securities will be delivered at the Designated Office, all at the Time of Delivery. A meeting will be held at the Closing Location
at 4:00 p.m., New York City time, on the New York Business Day next preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available for review by the parties
hereto. For the purposes of this Section 4, “New York Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York are generally authorized or obligated by law
or executive order to close. 
  

 10 

 5. Each of the Company and the Guarantors, jointly and severally, agrees with each of the Purchasers:

  
 (a) To prepare the Offering Circular in a
form approved by you; to make no amendment or any supplement to the Offering Circular which shall be disapproved by you promptly after reasonable notice thereof; and to furnish you with copies thereof; 
  
 (b) Promptly from time to time to take such action as you
may reasonably request to qualify the Securities and the Guarantees for offering and sale under the securities laws of such jurisdictions as you may reasonably request and to comply with such laws so as to permit the continuance of sales and
dealings therein in such jurisdictions for as long as may be necessary to complete the distribution of the Securities and the Guarantees; provided, that in connection therewith neither the Company nor any of the Guarantors shall be required
to qualify as a foreign corporation or to file a general consent to service of process in any jurisdiction or to subject itself to taxation in excess of a nominal dollar amount in any such jurisdiction where it is not now so subject; 
  
 (c) To furnish the Purchasers with copies of the Offering
Circular and each amendment or supplement thereto signed by an authorized officer of the Company with the independent accountants’ report(s) in the Offering Circular, and any amendment or supplement containing amendments to the financial
statements covered by such report(s), signed by the accountants, additional written and electronic copies thereof in such quantities as you may from time to time reasonably request, and if, at any time prior to the expiration of nine months after
the date of the Offering Circular, any event shall have occurred as a result of which the Offering Circular as then amended or supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to
make the statements therein, in the light of the circumstances under which they were made when such Offering Circular is delivered, not misleading, or, if for any other reason it shall be necessary or desirable during such same period to amend or
supplement the Offering Circular, to notify you and upon your request to prepare and furnish without charge to each Purchaser and to any dealer in securities as many written and electronic copies as you may from time to time reasonably request of an
amended Offering Circular or a supplement to the Offering Circular which will correct such statement or omission or effect such compliance; 
  
 (d) For a period of 90 days from the date of the Offering Circular, not to offer, sell contract to sell, grant any option to purchase,
issue any instrument convertible or exchangeable for, or otherwise transfer or dispose of (or enter into any transaction or device which is designed to, or could be expected to, result in the disposition in the future of), any securities of the
Company that are substantially similar to the Securities or the Guarantees, except (i) in exchange for the Exchange Securities in connection with the Exchange Offer, or (ii) with the prior written consent of Goldman, Sachs & Co.; 
  
 (e) Not to be or become, at any time prior to the expiration
of three years after the Time of Delivery, an open-end investment company, unit investment trust, closed-end investment company or face-amount certificate company that is or is required to be registered under Section 8 of the Investment Company Act;

  

 11 

 (f) At any time when the Company is not subject to Section 13 or 15(d) of the Exchange
Act, for the benefit of holders from time to time of Securities, to furnish at its expense, upon request, to holders of Securities and prospective purchasers of securities information (the “Additional Issuer Information”) satisfying the
requirements of subsection (d)(4)(i) of Rule 144A under the Act; 
  
 (g) If requested by you, to use all commercially reasonable efforts to cause the Securities to be eligible for the PORTAL trading system of the National Association of Securities Dealers, Inc.; 
  
 (h) To furnish to the holders of the Securities as soon as
practicable after the end of each fiscal year an annual report (including a balance sheet and statements of income, stockholders’ equity and cash flows of the Company and its consolidated subsidiaries certified by independent public
accountants) and, as soon as practicable after the end of each of the first three quarters of each fiscal year (beginning with the fiscal quarter ending after the date of the Offering Circular), to make available to its stockholders consolidated
summary financial information of the Company and its subsidiaries for such quarter in reasonable detail; 
  
 (i) During a period of five years from the date of the Offering Circular, to deliver to you as soon as they are available, copies of any
reports and financial statements furnished to or filed with the Commission or any securities exchange on which the Securities or any class of securities of the Company is listed (such financial statements to be on a consolidated basis to the extent
the accounts of the Company and its subsidiaries are consolidated in reports furnished to its stockholders generally or to the Commission); 
  
 (j) During the period of two years after the Time of Delivery, the Company will not, and will not permit any of its “affiliates”
(as defined in Rule 144 under the Securities Act) to, resell any of the Securities which constitute “restricted securities” under Rule 144 that have been reacquired by any of them; 
  
 (k) Pursuant to the Registration Rights Agreement, the
Company shall file and use all commercially reasonable efforts to cause to be declared or become effective under the Securities Act, on or prior to 180 days after the Time of Delivery, a registration statement on Form F-4 providing for the
registration of (i) another series of debt securities of the Company, with terms identical to the Securities (the “Exchange Securities”), and the exchange of the Securities for the Exchange Securities, all in a manner which will permit
persons who acquire the Exchange Securities to resell the Exchange Securities pursuant to Section 4(1) of the Securities Act; 
  
 (l) To use the net proceeds received by it from the sale of the Securities pursuant to this Agreement in the manner specified in the
Offering Circular under the caption “Use of Proceeds;” 
  
 (m) To do and perform all things required to be done and performed under this Agreement, the Securities, the Indenture and the Registration Rights Agreement prior to and after the Time of Delivery; 
  
 (n) To comply with all agreements set forth in the
representation letters of the Company to DTC relating to the approval of the Securities by DTC for “book entry” transfer; and 
  

 12 

 (o) By December 31, 2003, to complete and file the annual accounts and annual management
reports for Stratus Technologies Group, S.A. for all business years since its date of incorporation in accordance with the requirements of the Luxembourg Fundamental Law of August 10, 1915 on Commercial Companies, as amended. 
  
 6. Each of the Company and the Guarantors, jointly and severally, covenants
and agrees with the several Purchasers that the Company and the Guarantors will pay or cause to be paid the following: (i) the fees, disbursements and expenses of the Company’s counsel and accountants in connection with the issue of the
Securities and the Guarantees and all other expenses in connection with the preparation, printing and filing of the Preliminary Offering Circular and the Offering Circular and any amendments and supplements thereto and the mailing and delivering of
copies thereof to the Purchasers and dealers; (ii) the cost of printing or producing any Agreement among Purchasers, this Agreement, the Indenture, the Registration Rights Agreement, the Blue Sky and legal investment surveys, closing documents
(including any compilations thereof) and any other documents in connection with the offering, purchase, sale and delivery of the Securities; (iii) all expenses in connection with the qualification of the Securities, the Exchange Securities, the
Guarantees and the Exchange Guarantees for offering and sale under state securities laws as provided in Section 5(b) hereof, including the fees and disbursements of one counsel for the Purchasers in connection with such qualification and in
connection with the Blue Sky and legal investment surveys; (iv) any fees charged by securities rating services for rating the Securities; (v) the cost of preparing the Securities and the Guarantees; (vi) the fees and expenses of the Trustee and any
agent of the Trustee and the fees and disbursements of counsel for the Trustee in connection with the Indenture and the Securities; (vii) any cost incurred in connection with the designation of the Securities for trading in PORTAL; (viii) any
expenses incurred in connection with the rental of an airplane for the roadshow; and (ix) all other reasonable costs and expenses incurred by it incident to the performance of its obligations hereunder which are not otherwise specifically provided
for in this Section. It is understood, however, that, except as expressly provided in this Section, and Sections 8 and 11 hereof, the Purchasers will pay all of their own costs and expenses, including the fees of their counsel, transfer taxes on
resale of any of the Securities by them, and any advertising expenses connected with any offers they may make. 
  
 7. The obligations of the Purchasers hereunder shall be subject, in their discretion, to the condition that all representations and warranties and other
statements of the Company and the Guarantors herein are, at and as of the date hereof and the Time of Delivery, true and correct, the condition that the Company and the Guarantors shall have performed all of its obligations hereunder theretofore to
be performed, and the following additional conditions: 
  
 (a) Latham & Watkins LLP counsel for the Purchasers, shall have furnished to you such opinion or opinions, dated the Time of Delivery, with respect to such matters as you may reasonably request, and such counsel shall have received such
papers and information as they may reasonably request to enable them to pass upon such matters; 
  
 (b) Gibson, Dunn & Crutcher LLP, United States counsel for the Company, shall have furnished to you their written opinion, dated the
Time of Delivery, in form and substance satisfactory to you, to the effect set forth in Annex II hereto; 
  
 (c) Beghin & Feider in association with Allen & Overy, Luxembourg counsel for the Company, shall have furnished to you their
written opinion, dated the Time of Delivery, a copy of which is attached hereto as Annex III; 
  

 13 

 (d) Mouaimis & Mouaimis, Cyprus counsel for the Cyprus Guarantor, shall have
furnished to you their written opinion, dated the Time of Delivery, a copy of which is attached hereto as Annex IV; 
  
 (e) Hollis & Co., Bermuda counsel for the Bermuda Guarantor, shall have furnished to you their written opinion, dated the Time of
Delivery, a copy of which is attached hereto as Annex V; 
  
 (f) A & L Goodbody, Ireland counsel for the Company, shall have furnished to you their written opinion, dated the Time of Delivery, a copy of which is attached hereto as Annex VI; 
  
 (g) Frederick S. Prifty, General Counsel of the Company,
shall have furnished to you his written opinion, dated the Time of Delivery to the effect set forth in Annex VII hereto; 
  
 (h) On the date of the Offering Circular prior to the execution of this Agreement and also at the Time of Delivery, PricewaterhouseCoopers
LLP shall have furnished to you a letter or letters, dated the respective dates of delivery thereof, in form and substance satisfactory to you, to the effect set forth in Annex VIII hereto; 
  
 (i) Neither the Company nor any of its subsidiaries shall
have sustained since the date of the latest audited financial statements included in the Offering Circular any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any
labor dispute or court or governmental action, order or decree, otherwise than as set forth or contemplated in the Offering Circular, and (ii) since the respective dates as of which information is given in the Offering Circular there shall not have
been any change in the capital stock, total debt or long-term debt of the Company or any of its subsidiaries or any change, or any development involving a prospective change, in or affecting the general affairs, management, financial position,
stockholders’ equity or results of operations of the Company and its subsidiaries, otherwise than as set forth or contemplated in the Offering Circular, the effect of which, in any such case described in clause (i) or (ii), is in the judgment
of the Representatives so material and adverse as to make it impracticable or inadvisable to proceed with the public offering or the delivery of the Securities on the terms and in the manner contemplated in this Agreement and in the Offering
Circular; 
  
 (j) On or after the date hereof (i)
no downgrading shall have occurred in the rating accorded the Company’s debt securities by any “nationally recognized statistical rating organization”, as that term is defined by the Commission for purposes of Rule 436(g)(2) under the
Act, and (ii) no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any of the Company’s debt securities; 
  
 (k) On or after the date hereof there shall not have
occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the New York Stock Exchange; (ii) a general moratorium on commercial banking activities declared by either Federal or New York State
authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States; (iii) the outbreak or escalation of hostilities involving the United States or the declaration by the United States of a
national emergency or war or (iv) the occurrence of any other calamity or crisis or any change in financial, political or economic conditions in the United States or elsewhere, if the effect of any 

  

 14 

 
such event specified in clause (iii) or (iv) in the judgment of the Representatives makes it impracticable or inadvisable to proceed with the public offering
or the delivery of the Securities on the terms and in the manner contemplated in the Offering Circular; 
  
 (l) The Securities have been designated for trading on PORTAL; 
  
 (m) The Company shall have furnished or caused to be furnished to you at the Time of Delivery certificates
of officers of the Company satisfactory to you as to the accuracy of the representations and warranties of the Company herein at and as of such Time of Delivery, as to the performance by the Company of all of its obligations hereunder to be
performed at or prior to such Time of Delivery, as to the matters set forth in subsections (i), (j) and (p) of this Section and as to such other matters as you may reasonably request; 
  
 (n) The Company and each of the Guarantors shall have delivered executed copies of the Securities, the
Indenture and the Registration Rights Agreement to the Purchasers; 
  
 (o) The Company shall have furnished or caused to be furnished to you at the Time of Delivery a certificate of the Chief Financial Officer of the Company in the form of Annex IX hereto; and 
  
 (p) Stratus Technologies International, S.à r.l. and
Stratus Equity, S.à r.l. shall each have (i) drawn up their annual accounts and annual management reports for all business years since their respective dates of incorporation; (ii) had such annual accounts and annual management reports
adopted by their respective Board of Directors or Board of Managers; (iii) obtained unqualified audit reports from their external statutory auditor(s) with respect to such annual accounts; (iv) had such annual accounts, annual management reports and
external audit reports approved or acknowledged, as the case may be, by their general meeting of shareholders or by their sole shareholder, as the case may be; and (v) filed such annual accounts with the Luxembourg Register of Trade and Companies,
for publication in the Luxembourg Mémorial C, in each case (i) through (v) of this Section in accordance with the requirements of the Luxembourg Fundamental Law of August 10, 1915 on Commercial Companies, as amended, and (vi) delivered
receipts and other evidence satisfactory to you from the Luxembourg Register of Trade and Companies of the consummation of the actions described in paragraph (i) through (v) of this Section. 
  
 8. (a) The Company and each of the Guarantors will, jointly and severally,
indemnify and hold harmless each Purchaser against any losses, claims, damages or liabilities, joint or several, to which such Purchaser may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a material fact contained in any Preliminary Offering Circular or the Offering Circular, or any amendment or supplement thereto, or arise
out of or are based upon the omission or alleged omission to state therein a material fact necessary to make the statements therein not misleading, and will reimburse each Purchaser for any legal or other expenses reasonably incurred by such
Purchaser in connection with investigating or defending any such action or claim as such expenses are incurred; provided, however, that neither the Company nor any of the Guarantors shall be liable in any such case to the extent that
any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary Offering Circular or the Offering Circular or any such amendment or
supplement in reliance upon and in conformity with written information furnished to the Company by 

  

 15 

 
any Purchaser through Goldman, Sachs & Co. expressly for use therein. Any amount advanced by any of the Company and the Guarantors shall be returned to
such entity if it shall be finally judicially determined that such indemnified party was not entitled to indemnification by such entity. 
  
 (b) Each Purchaser will indemnify and hold harmless the Company and the Guarantors against any losses, claims, damages or liabilities to
which the Company and the Guarantors may become subject, under the Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue
statement of a material fact contained in any Preliminary Offering Circular or the Offering Circular, or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact or
necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in any Preliminary Offering Circular or the
Offering Circular or any such amendment or supplement in reliance upon and in conformity with written information furnished to the Company by such Purchaser through Goldman, Sachs & Co. expressly for use therein; and will reimburse the Company
and the Guarantors for any legal or other expenses reasonably incurred by the Company and such Guarantors in connection with investigating or defending any such action or claim as such expenses are incurred. 
  
 (c) Promptly after receipt by an indemnified party under
subsection (a) or (b) above of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under such subsection, notify the indemnifying party in writing of the
commencement thereof; but the omission so to notify the indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under such subsection. In case any such action shall be brought against any
indemnified party and it shall notify the indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, jointly with any other indemnifying party similarly
notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party, and, after notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party
shall not be liable to such indemnified party under such subsection for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in connection with the defense thereof other than
reasonable costs of investigation. In no event shall the indemnifying party be liable for the fees and expenses of more than one counsel (together with appropriate local counsel) at any time for all indemnified parties in connection with any one
action or separate but substantially similar or related actions arising in the same jurisdiction out of the same general allegations or circumstances. No indemnifying party shall, without the written consent of the indemnified party, effect the
settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified party is an
actual or potential party to such action or claim) unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such action or claim and (ii) does not include a
statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of any indemnified party. An indemnifying party shall not be liable for any settlement of any claim or action effected without its written consent, which
consent may not be unreasonably withheld. 
  

 16 

 (d) If the indemnification provided for in this Section 8 is unavailable to or
insufficient to hold harmless an indemnified party under subsection (a) or (b) above in respect of any losses, claims, damages or liabilities (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute to the
amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect the relative benefits received by the Company and the
Guarantors on the one hand and the Purchasers on the other from the offering of the Securities. If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law or if the indemnified party failed to give
the notice required under subsection (c) above, then each indemnifying party shall contribute to such amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative benefits but also the
relative fault of the Company on the one hand and the Purchasers on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as any other relevant
equitable considerations. The relative benefits received by the Company and the Guarantors on the one hand and the Purchasers on the other shall be deemed to be in the same proportion as the total net proceeds from the offering (before deducting
expenses) received by the Company bear to the total underwriting discounts and commissions received by the Purchasers, in each case as set forth in the Offering Circular. The relative fault shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors on the one hand or the Purchasers on the other and the
parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The Company, the Guarantors and the Purchasers agree that it would not be just and equitable if contribution pursuant
to this subsection (d) were determined by pro rata allocation (even if the Purchasers were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above in
this subsection (d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above in this subsection (d) shall be deemed to include any legal or other
expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this subsection (d), no Purchaser shall be required to contribute any amount in excess
of the amount by which the total price at which the Securities underwritten by it and distributed to investors were offered to investors exceeds the amount of any damages which such Purchaser has otherwise been required to pay by reason of such
untrue or alleged untrue statement or omission or alleged omission. The Purchasers’ obligations in this subsection (d) to contribute are several in proportion to their respective underwriting obligations and not joint. 
  
 (e) The obligations of the Company and the Guarantors under
this Section 8 shall be in addition to any liability which the Company and the Guarantors may otherwise have and shall extend, upon the same terms and conditions, to each person, if any, who controls any Purchaser within the meaning of the Act; and
the obligations of the Purchasers under this Section 8 shall be in addition to any liability which the respective Purchasers may otherwise have and shall extend, upon the same terms and conditions, to each officer and director of the Company or any
Guarantor and to each person, if any, who controls the Company or any Guarantor within the meaning of the Act. 
  
 9. (a) If any Purchaser shall default in its obligation to purchase the Securities which it has agreed to purchase hereunder, you may in your discretion
arrange for you or another party or 

  

 17 

 
other parties to purchase such Securities on the terms contained herein. If within thirty-six hours after such default by any Purchaser you do not arrange
for the purchase of such Securities, then the Company shall be entitled to a further period of thirty-six hours within which to procure another party or other parties satisfactory to you to purchase such Securities on such terms. In the event that,
within the respective prescribed periods, you notify the Company that you have so arranged for the purchase of such Securities, or the Company notifies you that it has so arranged for the purchase of such Securities, you or the Company shall have
the right to postpone the Time of Delivery for a period of not more than seven days, in order to effect whatever changes may thereby be made necessary in the Offering Circular, or in any other documents or arrangements, and the Company agrees to
prepare promptly any amendments to the Offering Circular which in your opinion may thereby be made necessary. The term “Purchaser” as used in this Agreement shall include any person substituted under this Section with like effect as if
such person had originally been a party to this Agreement with respect to such Securities. 
  
 (b) If, after giving effect to any arrangements for the purchase of the Securities of a defaulting Purchaser or Purchasers by you and the
Company as provided in subsection (a) above, the aggregate principal amount of such Securities which remains unpurchased does not exceed one-eleventh of the aggregate principal amount of all the Securities, then the Company shall have the right to
require each non-defaulting Purchaser to purchase the principal amount of Securities which such Purchaser agreed to purchase hereunder and, in addition, to require each non-defaulting Purchaser to purchase its pro rata share (based on the principal
amount of Securities which such Purchaser agreed to purchase hereunder) of the Securities of such defaulting Purchaser or Purchasers for which such arrangements have not been made; but nothing herein shall relieve a defaulting Purchaser from
liability for its default. 
  
 (c) If, after
giving effect to any arrangements for the purchase of the Securities of a defaulting Purchaser or Purchasers by you and the Company as provided in subsection (a) above, the aggregate principal amount of Securities which remains unpurchased exceeds
one-eleventh of the aggregate principal amount of all the Securities, or if the Company shall not exercise the right described in subsection (b) above to require non-defaulting Purchasers to purchase Securities of a defaulting Purchaser or
Purchasers, then this Agreement shall thereupon terminate, without liability on the part of any non-defaulting Purchaser or the Company, except for the expenses to be borne by the Company and the Purchasers as provided in Section 6 hereof and the
indemnity and contribution agreements in Section 8 hereof; but nothing herein shall relieve a defaulting Purchaser from liability for its default. 
  
 10. The respective indemnities, agreements, representations, warranties and other statements of the Company, the Guarantors and the several Purchasers, as
set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall remain in full force and effect, regardless of any investigation (or any statement as to the results thereof) made by or on behalf of any
Purchaser or any controlling person of any Purchaser, the Company or any Guarantor, or any officer or director or controlling person of the Company or a Guarantor, and shall survive delivery of and payment for the Securities. 
  
 11. If this Agreement shall be terminated pursuant to Section 9 hereof, the
Company shall not then be under any liability to any Purchaser except as provided in Sections 6 and 8 hereof; but, if for any other reason, the Securities and the Guarantees are not delivered by or on behalf of the Company as provided herein (other
than as a result of the occurrence of an event described in Sections 7(k)(iii) and 7(k)(iv) hereof), the Company will reimburse the Purchasers through you for all out-of-pocket expenses approved in writing by you, including fees and disbursements of
counsel, 

  

 18 

 
reasonably incurred by the Purchasers in making preparations for the purchase, sale and delivery of the Securities and the Guarantees, but the Company shall
then be under no further liability to any Purchaser except as provided in Sections 6 and 8 hereof. 
  
 12. In all dealings hereunder, you shall act on behalf of each of the Purchasers, and the parties hereto shall be entitled to act and rely upon any
statement, request, notice or agreement on behalf of any Purchaser made or given by you jointly or by Goldman, Sachs & Co. on behalf of you as the representatives. 
  
 All statements, requests, notices and agreements hereunder shall be in writing, and if to the Purchasers shall be delivered
or sent by mail, telex or facsimile transmission to you as the representatives in care of Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004, Attention: Registration Department; and if to the Company or any Guarantor shall be
delivered or sent by mail, telex or facsimile transmission to the address of the Company set forth in the Offering Circular, Attention: Secretary; provided, however, that any notice to a Purchaser pursuant to Section 8(c) hereof shall
be delivered or sent by mail, telex or facsimile transmission to such Purchaser at its address set forth in its Purchasers’ Questionnaire, or telex constituting such Questionnaire, which address will be supplied to the Company by you upon
request. Any such statements, requests, notices or agreements shall take effect upon receipt thereof. 
  
 13. This Agreement shall be binding upon, and inure solely to the benefit of, the Purchasers, the Company, the Guarantors and, to the extent provided in
Sections 8 and 10 hereof, the officers and directors of the Company and the Guarantors and each person who controls the Company, any Guarantor or any Purchaser, and their respective heirs, executors, administrators, successors and assigns, and no
other person shall acquire or have any right under or by virtue of this Agreement. No purchaser of any of the Securities from any Purchaser shall be deemed a successor or assign by reason merely of such purchase. 
  
 14. Time shall be of the essence of this Agreement. 
  
 15. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York. 
  
 16. This Agreement may
be executed by any one or more of the parties hereto in any number of counterparts, each of which shall be deemed to be an original, but all such respective counterparts shall together constitute one and the same instrument. 
  
 17. Notwithstanding anything to the contrary in this Agreement or in any
other document, agreement or understanding relating to the transactions contemplated by this Agreement, any party to this Agreement (and any employee, representative, or other agent of such party) may disclose to any and all persons, without
limitation of any kind, the tax treatment and tax structure of such transactions and all materials of any kind (including opinions and other analyses) that are provided to it relating to such tax treatment or tax structure; provided,
however, that this paragraph shall not permit any party (or any employee, representative, or other agent thereof) to disclose any information, the disclosure of which otherwise would be prohibited by this Agreement, that is not necessary to
understanding the tax treatment or tax structure of the transactions (including the identity of the parties or any information that could lead another to determine the identity of the parties). However, any such information relating to the tax
treatment or tax structure is required to be kept confidential to the extent necessary to comply with any applicable federal or state securities laws. 
  

 19 

 18. Consent to Jurisdiction; Service of Process 
  
 (a) The Company and each U.S. domiciled Guarantor will
irrevocably: 
  
 (1) submit to the non-exclusive
jurisdiction of any United States Federal or New York State court located in the Borough of Manhattan, The City of New York in connection with any suit, action or proceeding arising out of, or relating to the Securities, this Indenture or any
transaction contemplated thereby; and 
  
 (2)
designate and appoint CSC Corporation Service Company, whose offices are currently located at 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808, as its authorized agent for receipt of service of process in any such suit, action or
proceeding. 
  
 (b) All non U.S. domiciled
Guarantors will irrevocably: 
  
 (1) submit to
the non-exclusive jurisdiction of any United States Federal or New York State court located in the Borough of Manhattan, The City of New York in connection with any suit, action or proceeding arising out of, or relating to the Securities, this
Indenture or any transaction contemplated thereby; and 
  
 (2) designate and appoint National Registered Agents, Inc., whose offices are currently located at 440 Ninth Avenue, New York, New York 10001, as its authorized agent for receipt of service of process in any such suit, action or proceeding.

  
 19. Indemnification for Judgment Currency. Each reference in
this Agreement to any currency (the “Contractual Currency”) is of the essence. To the extent permitted by applicable law, the obligations of each of the parties in respect of any amount due under this Agreement shall, notwithstanding any
payment in any other currency (whether pursuant to a judgment or otherwise), be discharged only to the extent of the amount in the Contractual Currency that the party entitled to receive that amount may, in accordance with normal banking procedures,
purchase with the sum paid in such other currency (after any premium and costs of exchange) on the Business Day immediately following the day on which that party receives the payment. If the amount in the Contractual Currency that may be so
purchased for any reason falls short of the amount originally due, the party required to make the payment shall pay such additional amounts, in the Contractual Currency, as may be necessary to compensate for the shortfall. Any obligation of that
party not discharged by that payment shall, to the extent permitted by applicable law, be due as a separate and independent obligation and, until discharged as provided herein, shall continue in full force and effect. 
  
 If the foregoing is in accordance with your understanding, please sign and
return to us counterparts hereof, and upon the acceptance hereof by you, on behalf of each of the Purchasers, this letter and such acceptance hereof shall constitute a binding agreement between each of the Purchasers, the Company and the Guarantors.
It is understood that your acceptance of this letter on behalf of each of the Purchasers is pursuant to the authority set forth in a form of Agreement among Purchasers, the form of which shall be submitted to the Company for examination upon
request, but without warranty on your part as to the authority of the signers thereof. 
  
 [Remainder of page intentionally left blank] 
  

 20 

			
	 Stratus Technologies, Inc.

		
	 By:
	 	 /s/    Robert C. Laufer        

	 	 	 Name: Robert C. Laufer

	 	 	 Title:

  

			
	 Stratus Technologies International S.à r.l.

		
	 By:
	 	 /s/    Zahid Zakiuddin        

	 	 	 Name: Zahid Zakiuddin

	 	 	 Title:

  

			
	 Stratus Equity S.à r.l.

		
	 By:
	 	 /s/    Robert C. Laufer        

	 	 	 Name: Robert C. Laufer

	 	 	 Title:

  

			
	 SRA Technologies Cyprus, Ltd.

		
	 By:
	 	 /s/    Zahid Zakiuddin        

	 	 	 Name: Zahid Zakiuddin

	 	 	 Title:

  

			
	 Stratus Technologies Bermuda, Ltd.

		
	 By:
	 	 /s/    Zahid Zakiuddin        

	 	 	 Name: Zahid Zakiuddin

	 	 	 Title:

  

			
	 Stratus Technologies Ireland Limited

		
	 By:
	 	 /s/    Zahid Zakiuddin        

	 	 	 Name: Zahid Zakiuddin

	 	 	 Title:

  

			
	 Stratus Research & Development Ltd.

		
	 By:
	 	 /s/    Zahid Zakiuddin        

	 	 	 Name: Zahid Zakiuddin

	 	 	 Title:

  

			
	 Cemprus Technologies, Inc.

		
	 By:
	 	 /s/    Frederick S. Prifty        

	 	 	 Name: Frederick S. Prifty

	 	 	 Title:   President & Director

  

 21 

			
	 Cemprus, LLC

		
	 By:
	 	 /s/    Frederick S. Prifty        

	 	 	 Name: Frederick S. Prifty

	 	 	 Title:   President & Manager

  

 22 

			
	 Accepted as of the date hereof:
 Goldman, Sachs & Co.

		
	 By:
	 	 /s/    Goldman, Sachs &
Co.        

	 	 	 (Goldman, Sachs & Co.)

  

			
	 Accepted as of the date hereof:
 J.P. Morgan Securities Inc.

		
	 By:
	 	 /s/    Illegible        

	 	 	 (J.P. Morgan Securities Inc.)

  

			
	 Accepted as of the date hereof:
 Fleet Securities, Inc.

		
	 By:
	 	 /s/    Robert Hornstein        

	 	 	 (Fleet Securities Inc.)

  

 23 

 SCHEDULE I 
  

				
	 Purchaser

	  	 Principal
Amount of
Securities
 to be
 Purchased

	 Goldman, Sachs & Co.
	  	$	76,500,000
	 J.P. Morgan Securities Inc.
	  	$	76,500,000
	 Fleet Securities Inc.
	  	$	17,000,000
	 	  	
	

	 Total
	  	$	170,000,000
	 	  	
	

  
  

 24 

 ANNEX I 
  
 (1) The Securities have not been and will not be registered under the Act and may not be offered or sold within the United States or to, or for the
account or benefit of, U.S. persons except in accordance with Regulation S under the Act or pursuant to an exemption from the registration requirements of the Act. Each Purchaser represents that it has offered and sold the Securities, and will offer
and sell the Securities (i) as part of their distribution at any time and (ii) otherwise until 40 days after the later of the commencement of the offering and the Time of Delivery, only in accordance with Rule 903 of Regulation S or Rule 144A under
the Act. Accordingly, each Purchaser agrees that neither it, its affiliates nor any persons acting on its or their behalf has engaged or will engage in any directed selling efforts with respect to the Securities, and it and they have complied and
will comply with the offering restrictions requirement of Regulation S. Each Purchaser agrees that, at or prior to confirmation of sale of Securities (other than a sale pursuant to Rule 144A), it will have sent to each distributor, dealer or person
receiving a selling concession, fee or other remuneration that purchases Securities from it during the restricted period a confirmation or notice to substantially the following effect: 
  
 “The Securities covered hereby have not been registered under the U.S. Securities Act of 1933 (the
“Securities Act”) and may not be offered and sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of their distribution at any time or (ii) otherwise until 40 days after the later of the
commencement of the offering and the closing date, except in either case in accordance with Regulation S (or Rule 144A if available) under the Securities Act. Terms used above have the meaning given to them by Regulation S.” 
  
 Terms used in this paragraph have the meanings given to them by Regulation S. 
  
 Each Purchaser further agrees that it has not entered and will not enter into
any contractual arrangement with respect to the distribution or delivery of the Securities except with its affiliates or with the prior written consent of the Company. 
  
 (2) Notwithstanding the foregoing, Securities in registered form may be offered, sold and delivered by the Purchasers in the
United States and to U.S. persons pursuant to Section 3 of this Agreement without delivery of the written statement required by paragraph (1) above. 
  
 (3) Each Purchaser further represents and agrees that (i) it has not offered or sold and, prior to the expiry of a period of six months from the closing
date, will not offer or sell any notes to persons in the United Kingdom except to persons whose ordinary activities involve them in acquiring, holding, managing or disposing of investments (as principal or agent) for the purposes of their businesses
or otherwise in circumstances which have not resulted and will not result in an offer to the public in the United Kingdom within the meaning of the Public Offers of Securities Regulations 1995; (ii) it has only communicated or caused to be
communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000 (“FSMA”)) received by it in
connection with the issue or sale of any notes in circumstances in which section 21(1) of the FSMA does not apply to the issuer; and (iii) it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it
in relation to the notes in, from or otherwise involving the United Kingdom. 
  
 (4) Each Purchaser agrees that it will not offer, sell or deliver any of the Securities in any jurisdiction outside the United States except under circumstances that will result in compliance with the applicable laws
thereof, and that it will take at its own expense whatever action is required to permit its purchase and resale of the Securities in such jurisdictions. Each Purchaser understands 

  

 AI-1 

 
that no action has been taken to permit a public offering in any jurisdiction outside the United States where action would be required for such purpose. Each
Purchaser agrees not to cause any advertisement of the Securities to be published in any newspaper or periodical or posted in any public place and not to issue any circular relating to the Securities, except in any such case with Goldman, Sachs
& Co.’s express written consent and then only at its own risk and expense. 
  

 AI-2 

 ANNEX II 
  
 Opinion of Gibson, Dunn & Crutcher 
  
 Goldman, Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 c/o Goldman, Sachs & Co. 
 85 Broad Street 
 New York, New York 10004 
  
 Re: Stratus Technologies, Inc. 
  
 Ladies and Gentlemen: 
  
 We have acted as special counsel to Stratus Technologies, Inc., a Delaware
corporation (the “Issuer”), Stratus Technologies International, S.à r.l., Stratus Equity S.à r.l., SRA Technologies Cyprus, Ltd., Stratus Technologies Bermuda, Ltd, Stratus Technologies Ireland Limited, Stratus
Research & Development Ltd., Cemprus Technologies Inc., a Delaware corporation, and Cemprus LLC, a Delaware limited liability company (each a “Guarantor” and collectively, the “Guarantors”), in
connection with the offering and sale by the Issuer of (i) $170,000,000 aggregate principal amount of its     % Senior Notes due 2008 (the “Notes”) to you pursuant to a Purchase Agreement (the
“Purchase Agreement”) dated November     , 2003 among the Issuer, the Guarantors and you, as initial purchasers (the “Initial Purchasers”). Unless otherwise stated herein,
terms with initial capital letters are used as defined in the Purchase Agreement. 
  
 I. 
  
 In connection with the
opinions herein expressed, we have reviewed the final Offering Circular dated November     , 2003 relating to the offering of the Notes (the “Final Circular”). In addition, we have examined
originals, or copies certified or otherwise identified to our satisfaction, of the following: 
  
 (i) the Purchase Agreement; 
  
 (ii) the Indenture, dated the date hereof, among the Issuer, the Guarantors and U.S. Bank National Association, as trustee (the “Indenture”), including the guarantees of the Notes (as defined below) included therein
(the “Guarantees”); 
  
 (iii) the global
Notes issued by the Issuer on the date hereof pursuant to the Indenture and the Purchase Agreement (the “Notes”); and 
  
 (iv) the Registration Rights Agreement, dated the date hereof, among you, the Issuer and the Guarantors (the “Registration Rights
Agreement”). 
  
 The documents described under the
foregoing clauses (i) through (iv), together with the “Exchange Securities” referred to in the Purchase Agreement (the “Exchange Securities”) and the guarantees of the Exchange Securities by the Guarantors included
in the Indenture (the “Exchange Guarantees”), are referred to herein as the “Documents.” The Issuer and the Guarantors are collectively referred to herein as the “Obligors,” and
“Specified Obligors” means Stratus Technologies, Inc., Cemprus Technologies, Inc. and Cemprus, LLC. 
  

 AII-1 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 We have assumed without independent investigation that: 
  
 a) The signatures on all documents examined by us are genuine, all
individuals executing such documents had all requisite legal capacity and competency and (except in the case of documents signed on behalf of the Specified Obligors) were duly authorized, the documents submitted to us as originals are authentic and
the documents submitted to us as certified or reproduction copies conform to the originals; 
  
 b) each party to the Documents (other than the Specified Obligors) has all requisite power and authority to execute, deliver and perform its obligations under each of the Documents to which it is a party, the
execution and delivery of such Documents by such party and performance of its obligations thereunder have been duly authorized by all necessary corporate or other action and do not violate any law, regulation, order, judgment or decree applicable to
such party, and such Documents have been duly executed and delivered by each such party and are legal, valid and binding obligations of such party (other than the Obligors), enforceable against it in accordance with their respective terms;

  
 c) the execution, delivery and performance of the Documents by
any of the parties thereto do not and will not violate any law, regulation, order, judgment or decree applicable to such party, except as expressly covered by our opinions in paragraph 9 below; and 
  
 d) the proceeds from the sale of the Notes will be applied as set forth in
the Final Circular. 
  
 In rendering this opinion, we have made
such inquiries and examined, among other things, originals or copies, certified or otherwise identified to our satisfaction, of such records, agreements, certificates, instruments and other documents as we have considered necessary or appropriate
for purposes of this opinion. As to certain factual matters, we have relied to the extent we deemed appropriate and without independent investigation upon the representations and warranties of the Obligors in the Purchase Agreement, a certificate or
certificates of officers of the Issuer copies of which are attached hereto (collectively, the “Officers’ Certificate”) or certificates obtained from public officials and others. 
  
 Based on the foregoing and in reliance thereon, and subject to the
assumptions, exceptions, qualifications and limitations set forth herein, we are of the opinion that: 
  
 1. Each Specified Obligor is a validly existing corporation or limited liability company in good standing under the laws of its state of incorporation or
formation and has all requisite corporate or limited liability company power and authority to execute, deliver and perform its obligations under the Documents to which it is a party. 
  
 2. The execution and delivery by each Specified Obligor of the Documents to which it is a party and the performance of its
obligations thereunder have been duly authorized by all necessary corporate or limited liability company action. Each of the Documents (other than the Notes and the Exchange Securities) has been duly executed and delivered by each Specified Obligor
party thereto. 
  
 3. Each of the Indenture and the Registration
Right Agreement constitutes a legal, valid and binding obligation of each Obligor party thereto, enforceable against it in accordance with its terms. 
  
 4. The Notes, when executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Initial Purchasers
in accordance with the terms of the Purchase Agreement, will be legal, valid and binding obligations of the Issuer, enforceable against the Issuer in accordance with their terms, and will be entitled to the benefits of the Indenture and the
Registration Rights Agreement. 
  

 AII-2 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 5. The Exchange Securities, when executed and authenticated in accordance with the provisions of the
Indenture and delivered in exchange for the Notes pursuant to the Exchange Offer in accordance with the provisions of the Registration Rights Agreement, will be legal, valid and binding obligations of the Issuer, enforceable against the Issuer in
accordance with their terms, and will be entitled to the benefits of the Indenture. 
  
 6. When the Notes have been duly executed and authenticated in accordance with the provisions of the Indenture and delivered to and paid for by the Initial Purchasers in accordance with the terms of the Purchase
Agreement, the Guarantee of each Guarantor will be the legal, valid and binding obligation of such Guarantor, enforceable against it in accordance with its terms. 
  
 7. When the Exchange Securities have been duly executed and authenticated in accordance with the provisions of the Indenture
and delivered in exchange for the Notes and the Guarantees pursuant to the Exchange Offer in accordance with the provisions of the Registration Rights Agreement, the Exchange Guarantee of each Guarantor will be the legal, valid and binding
obligation of such Guarantor, enforceable against it in accordance with its terms. 
  
 8. The issuance of the Notes, Exchange Securities, Guarantees and Exchange Guarantees and the execution, delivery and performance by any Obligor of the Documents to which it is a party, do not and will not violate the
charter or bylaws or operating agreement of any such Obligor that is a Specified Obligor. 
  
 9. The issuance of the Notes, Exchange Securities, Guarantees and Exchange Guarantees and the execution, delivery and performance by any Obligor of the Documents to which it is a party, do not and will not violate, or
require any filing with or approval of any governmental authority or regulatory body of the State of New York or the United States of America under, any law or regulation of the State of New York or the United States of America applicable to such
Obligor that, in our experience, is generally applicable to transactions in the nature of those contemplated by the Documents, or the Delaware General Corporation Law or the Delaware Limited Liability Company Act, except for such filings or
approvals (i) as have already been obtained or (ii) that, if not made or obtained, would not have a material adverse effect on the Obligors and their subsidiaries taken as a whole or expose the Initial Purchasers to any liability. 
  
 10. No Obligor is, or after giving effect to the offering and sale of the
Notes and the application of the proceeds thereof as described in the Final Circular will be, required to be registered as an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 
  
 11. Assuming the accuracy of the representations and warranties of the
Obligors and the Initial Purchasers and compliance by them with their agreements contained in the Purchase Agreement, no registration of the Notes or the Guarantees under the Securities Act of 1933, as amended (the “Securities Act”), and
no qualification of the Indenture under the Trust Indenture Act of 1939, as amended, is required for the sale and delivery of the Notes or the Guarantees to the Initial Purchasers on the date hereof or for resales by the Initial Purchasers in the
manner contemplated by the Purchase Agreement and the Final Circular, it being understood that we express no opinion as to any subsequent resale of the Notes or the Guarantees. 
  

 AII-3 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 12. The issuance to and resale by the Initial Purchasers of the Notes and Guarantees in accordance
with the provisions of the Purchase Agreement do not and will not result in a violation of Regulation T, U or X of the Board of Governors of the Federal Reserve System. 
  
 The foregoing opinions are subject to the following exceptions, qualifications and limitations: 
  
 A. We render no opinion herein as to matters involving the laws of any
jurisdiction other than the State of New York and the United States of America and, for purposes of paragraphs 1, 2, 8 and 9 above, the Delaware General Corporation Law and the Delaware Limited Liability Company Act. We are not engaged in practice
in the State of Delaware; however, we are generally familiar with the Delaware General Corporation Law and the Delaware Limited Liability Company Act as currently in effect and have made such inquiries as we consider necessary to render the opinions
contained in paragraphs 1, 2, 8 and 9 above. This opinion is limited to the effect of the present state of the laws of the State of New York, the United States of America and, to the limited extent set forth above, the State of Delaware and the
facts as they presently exist. We assume no obligation to revise or supplement this opinion in the event of future changes in such laws or the interpretations thereof or such facts. Except as expressly set forth in paragraphs 10 and 11 above, we
express no opinion regarding the Securities Act or any other federal or state securities laws or regulations. 
  
 B. Our opinions set forth in paragraphs 3, 4, 5, 6 and 7 are subject to (i) the effect of any bankruptcy, insolvency, reorganization, moratorium,
arrangement or similar laws affecting the rights and remedies of creditors generally (including, without limitation, the effect of statutory or other laws regarding fraudulent transfers or preferential transfers or distributions by corporations to
stockholders) and (ii) general principles of equity, including without limitation concepts of materiality, reasonableness, good faith and fair dealing and the possible unavailability of specific performance, injunctive relief or other equitable
remedies regardless of whether enforceability is considered in a proceeding in equity or at law and (iii) the provisions of Article IX of the Certificate of Incorporation of Cemprus Technologies, Inc. 
  
 C. We express no opinion regarding the effectiveness of (i) any waiver of
stay, extension or usury laws or of unknown future rights; or (ii) provisions relating to indemnification, exculpation or contribution, to the extent such provisions may be held unenforceable as contrary to federal or state securities laws.

  
 D. We express no opinion as to the applicability to, or the
effect of noncompliance by, any party other than the Obligors with any state or federal laws applicable to the transactions contemplated by the Documents because of the nature of the business of such party. 
  
 E. For purposes of our opinion in paragraph 12, we have assumed without
independent investigation that less than 25% of the value of the assets of the Issuer and its Subsidiaries subject to the negative covenants of the Indenture consist and will consist of “margin stock” within the meanings of Regulations U
or X of the Board of Governors of the Federal Reserve System at all relevant times. Our opinion in paragraph 12 is subject to (and we express no opinion in respect of) any requirement applicable to purchasers of the Notes to obtain in good faith a
Form FR U-1 signed by the Obligors. 
  

 AII-4 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 II. 
  
 We have participated in conferences with officers and other representatives of the Obligors, representatives of the independent auditors of the Obligors
and your representatives at which the contents of the Final Circular and related matters were discussed. Because the purpose of our professional engagement was not to establish or confirm factual matters and because the scope of our examination of
the affairs of the Issuer did not permit us to verify the accuracy, completeness or fairness of the statements set forth in the Final Circular, we are not passing upon and do not assume any responsibility for the accuracy, completeness or fairness
of the statements contained in the Final Circular, except to the extent set forth in clauses (ii) and (iii) of the following paragraph. 
  
 On the basis of the foregoing, and (i) except for the financial statements and schedules, the notes thereto and other financial and accounting data
included therein as to which we express no such belief, no facts have come to our attention that lead us to believe that the Final Circular, as of the date thereof and as of the date hereof contained or contains an untrue statement of a material
fact or omitted or omits to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; (ii) insofar as the statements in the Final Circular purport to describe
specific provisions of the Notes, the Indenture, the Guarantees, the Registration Rights Agreement or the New Credit Facility, such statements present in all material respects an accurate summary of such provisions; and (iii) to the extent that the
statements in the Final Circular under the caption “Certain United States Federal Income and Estate Tax Consequences,” purport to describe specific provisions of the Internal Revenue Code, such statements present in all material respects
an accurate summary of such provisions. 
  
 The opinions expressed
in part I above, and the statements made in part II above, are solely for your benefit in connection with the transactions contemplated by the Documents and are not to be used for any other purpose, or, circulated, quoted or otherwise referred to
for any purpose, without, in each case, our written permission, except that U.S. Bank National Association, in its capacity as Trustee under the Indenture, may rely on paragraphs 1 through 10 of part I above as if they were addressed to it.

  

			
	 	 	 Very truly yours,

		
	 	 	 GIBSON, DUNN & CRUTCHER LLP

  
  

 AII-5 

 ANNEX III 
  

Opinion of Beghin & Feider 
  

	To:	Goldman, Sachs & Co. 

 J.P. Morgan Securities
Inc. 
 Fleet Securities, Inc. 
 as representative of the several Purchasers 
 c/o Goldman, Sachs & Co. 
 85 Broad Street 
 New York, New York 10004

  
 Luxembourg, [date] 
 33610-00020 LU:127122.5 
  
 Dear Sirs, 
  
 We have acted as special legal advisers in the Grand Duchy of Luxembourg (Luxembourg) to Stratus Technologies International, S.à r.l. (the Company)
and Stratus Equity S.a r.l. (Newco) in connection with the guarantee given by the Company and Newco in respect of the issue of $170,000,000 [    ]% Senior Notes due 2008 by Stratus Technologies, Inc., the Company’s
subsidiary and Newco’s sister company. 
  
 A. Documents 
  
 We have examined, to the exclusion of any other document, copies of the documents listed in
paragraphs 1. to 10. in the schedule of this legal opinion (the Schedule). The documents mentioned in paragraphs 1. to 6. of the Schedule are hereinafter referred to as the Opinion Documents. 
  
 Words and expressions defined in the Opinion Documents shall, except where the context
otherwise requires, have the same meanings in this legal opinion. 
  
 B.
Assumptions 
  
 In giving this legal opinion, we have assumed with your
consent, and we have not verified independently: 
  

	(a)	the genuineness of all signatures, stamps and seals, the conformity to the originals of all the documents submitted to us as certified, photostatic, faxed or e-mailed copies or
specimens and the authenticity of the originals of such documents; 

  

	(b)	the due authorisation, execution and delivery of the Opinion Documents (and any document in connection therewith) by all the parties thereto (other than the Company and Newco) as
well as the capacity, power, authority and legal right of all the parties thereto (other than the Company and Newco) to enter into, execute, deliver and perform their respective obligations thereunder, and compliance with all applicable laws and
regulations (other than Luxembourg law); 

  

 AIII-1 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	(c)	that all factual matters and statements relied upon or assumed herein are true and were true and complete on the date of execution of the Opinion Documents (and any document in
connection therewith); 

  

	(d)	that all authorisations, approvals and consents of any country (other than Luxembourg) which may be required in connection with the execution, delivery and performance of the
Opinion Documents (and any document in connection therewith) have been or will be obtained, and that all internal corporate or other authorisation procedures by each party (other than the Company and Newco) for the execution by it of the Opinion
Documents (or any document in connection therewith) to which it is expressed to be a party, have been or will be duly fulfilled; 

  

	(e)	that the Opinion Documents (and any document in connection therewith) have been signed on behalf of the Company and on behalf of Newco by any of the Attorneys duly appointed by the
Resolutions mentioned in paragraphs 8. and 10. the Schedule; 

  

	(f)	that the principal place of business (principal établissement) and the centre of main interests (centre des intérêts principaux) of the Company and
of Newco are located at their respective registered office (siège statutaire) in Luxembourg and that the Company and Newco comply with, and adhere to, the provisions of the Luxembourg act dated 31st May, 1999 concerning the domiciliation of companies; 

  

	(g)	that the Commission de surveillance du secteur financier of Luxembourg considers that neither the Company nor Newco actually are regulated entities which are subject to the
Luxembourg act dated 5th April, 1993 relating to the financial sector, as amended (the Banking Act 1993);

  

	(h)	that the Opinion Documents are legal, valid, binding and enforceable under the law of the State of New York, that the choice of the law of the State of New York is valid (as a
matter of the law of the State of New York only) as the choice of proper law and that the obligations assumed by all the parties thereunder constitute legal, valid, binding and enforceable obligations under the law of the State of New York by which
the Opinion Documents are expressed to be governed; 

  

	(i)	that there are no provisions of the laws of any jurisdiction outside Luxembourg which would adversely affect, or otherwise have any negative impact on, the opinions expressed in
this legal opinion; 

  

	(j)	that the undertakings to which the Company and Newco provide financial assistance form part of a group of companies; 

  

	(k)	that the transaction contemplated by the Opinion Documents is not disproportionate to the Company’s and Newco’s financial means and the benefits derived therefrom and that
there is no abuse of trust or corporate assets; 

  

	(l)	that the Company’s and Newco’s purpose for entering into the transaction contemplated by the Opinion Documents is not the acquisition of their shares by a third party;

  

	(m)	 that all the parties to the Opinion Documents (other than the Company and Newco) are companies duly organised, incorporated and validly existing in accordance with
the laws of the jurisdiction of their respective incorporation and/or the place of effective management, 

  

 AIII-2 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	 	 
having a corporate existence, that in respect of all the parties to the Opinion Documents, no steps have been taken pursuant to any insolvency proceedings to
appoint an administrator, receiver or liquidator over the respective parties or their assets and that no voluntary winding-up of such parties has been recorded at the date hereof; 

  

	(n)	that all conditions precedent to the effectiveness of each of the Opinion Documents have been satisfied and that each of the Opinion Documents is in full force and effect as against
the parties thereto; 

  

	(o)	that all payments and transfers (if any) made by, on behalf of, in favour of, or for the account of, the Company and Newco are made on arm’s length terms and are in accordance
with market practice; 

  

	(p)	that the entry into the Opinion Documents (and any documents in connection therewith) will materially benefit the Company and Newco and is in the best interest, and for the
corporate benefit, of the Company and Newco; 

  

	(q)	that neither the articles of association of the Company and the articles of association of Newco nor the resolutions of the Company and the resolutions of Newco have been amended or
revoked since the dates referred to in paragraphs 7. and 9. of the Schedule, respectively; 

  

	(r)	that the meetings of the Board of Managers of the Company and Newco mentioned in paragraphs 8. and 10. of the Schedule were duly convened and duly held; and

  

	(s)	following the adoption of the Luxembourg act dated 27th July, 2003 relating to the trust and fiduciary contracts (the Trust and Fiduciary Contracts Act 2003), Luxembourg law
recognises trusts created in accordance with the Convention on the law applicable to trusts and on their recognition done at The Hague on 1st July, 1985 provided the trust is legal, valid, binding and enforceable under the law applicable to the
trust. If the trust relates to, or applies in respect of, assets located in Luxembourg, the situation of the trustee will be determined by reference to the situation of the legal owner (propriétaire) of such assets without prejudice to
the principle of segregation of the trust’s assets and the trustee’s personal estate. The trustee’s rights are limited only by the law applicable to the trust and the terms of the trust. 

  
 We express no, nor do we imply any, opinion as to any laws other than the laws of Luxembourg.

  
 C. Opinion 
  
 Based upon, and subject to, the assumptions made above and the qualifications set out below
and subject to any matters not disclosed to us, we are of the opinion that, under the laws of Luxembourg in effect, and as construed and applied by the Luxembourg courts, on the date hereof: 
  

	1.	The Company and Newco are both private limited liability companies (société à responsabilité limitées) duly incorporated and validly
existing under the laws of Luxembourg for an unlimited duration. 

  

 AIII-3 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	2.	The Company and Newco have the corporate power and authority under the laws of Luxembourg to enter into, execute and deliver the Opinion Documents and to perform their
respective obligations thereunder. 

  

	3.	The Opinion Documents have been duly executed and delivered on behalf of the Company and Newco. 

  

	4.	The execution and delivery by the Company and Newco, and the compliance with the terms and conditions, of the Opinion Documents do not (as a matter of Luxembourg law) contravene any
applicable law or regulation of Luxembourg and do not contravene or constitute a default under the articles of association of the Company and the articles of association of Newco. 

  

	5.	It is not necessary in order to ensure the legality, validity, enforceability or admissibility in evidence of any of the Opinion Documents that any of them or any other document in
respect thereof be notarised or subject to any other formality or be filed, recorded, registered or enrolled with any court or official authority in Luxembourg or that any other action be taken in relation to the same or any of them. The
registration of the Opinion Documents in Luxembourg and any documents mentioned therein or connected therewith may become necessary, if and when they are referred to or used in a Luxembourg public deed and Luxembourg courts or an official Luxembourg
authority may require the prior registration of the Opinion Documents in Luxembourg, if they were to be produced in a Luxembourg court action or exhibited before an official Luxembourg authority. 

  

	6.	The obligations expressed to be assumed by the Company and Newco, respectively, under the Opinion Documents constitute their legal, valid and binding obligations and are, subject to
their validity, legality and enforceability under the law of the State of New York by which they are expressed to be governed, enforceable against the parties thereto in accordance with their terms. 

  

	7.	All amounts payable by the Company and Newco under the Opinion Documents may be made free and clear of, and without, any deduction of or withholding of tax in Luxembourg.

  

	8.	Subject to qualification l. below, if the Opinion Documents were sued upon before a court in Luxembourg (if having jurisdiction), such court would recognise and give effect to the
provisions in the Opinion Documents whereby they are expressed to be governed, and construed in accordance with the law of the State of New York. 

  

The provisions in the Opinion Documents for the submission to the jurisdiction of the State of New York courts are valid and binding on the Company and
Newco. 
  
 Under the laws of Luxembourg, a final and conclusive
judgement in respect of the Opinion Documents obtained against the Company and/or Newco in the State of New York courts would be recognised and enforced by a court in Luxembourg subject to the applicable enforcement (exequatur) procedure.

  

 AIII-4 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 Pursuant to Luxembourg case law, the granting of exequatur is subject to the following requirements:

  

	 	•	the foreign court order must be enforceable in the country of origin, 

  

	 	•	the court of origin must have had jurisdiction both according to its own laws and to the Luxembourg conflict of jurisdictions rules, 

  

	 	•	the foreign procedure must have been regular in light of the laws of the country of origin, 

  

	 	•	the foreign decision must not violate the rights of defense, 

  

	 	•	the foreign court must have applied the law which is designated by the Luxembourg conflict of laws rules, or, at least, the order must not contravene the principles underlying these
rules, 

  

	 	•	the considerations of the foreign order as well as the judgement as such must not contravene Luxembourg international public order, 

  

	 	•	the foreign order must not have been rendered subsequent to an evasion of Luxembourg law (« fraude à la loi »). 

  

	9.	Any judgement awarded in the courts of Luxembourg may be expressed in a currency other than the euro. However, any obligation to pay a sum of money in any currency other than the
euro will be enforceable in Luxembourg in terms of the euro only. 

  

	10.	Neither the Company nor Newco is entitled to claim immunity from suit, execution, attachment or other legal process in the courts of Luxembourg, whether generally or in relation to
any specific property. 

  

	11.	The obligations of the Company and Newco as guarantors under the Opinion Documents, rank and will rank at least pari passu with all their other present and future unsecured
indebtedness save those whose claims are preferred in accordance with any bankruptcy, insolvency, liquidation or other laws of general application. 

  

	12.	Subject to qualification i. below, no authorisations, approvals, consents, licenses, exemptions, filings, registrations, notarisations and other requirements of governmental,
judicial and public bodies and authorities of or in Luxembourg are required or advisable in connection with the entry into, performance, validity and enforceability of the Opinion Documents and the transactions contemplated thereby.

  

	13.	According to a certificate issued by the 2nd section of the district court of Luxembourg, entrusted with commercial matters (greffe de la 2ème chambre du Tribunal
d’Arrondissement de et à Luxembourg, chargé des affaires commerciales) on [date], there are no records regarding (i) bankruptcy adjudication against the Company, (ii) filing for moratorium or reprieve from
payment (sursis de paiement), (iii) controlled management (gestion contrôlée) or (iv) general settlement or composition with creditors (concordat préventif de faillite) any actions for a compulsory
liquidation of the Company and Newco and (iii) an appointment of a liquidator or a similar officer over or winding up of the Company and Newco. 

  

 AIII-5 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	14.	There are no Luxembourg law provisions or regulations on contractual subordination. There is, to our knowledge, no Luxembourg (published) case law or (well established) legal
doctrine on the validity and enforceability (under Luxembourg law) of contractual subordination. We also express the view that in order to assess in general contractual subordination, Luxembourg courts would mainly turn to Belgian case law and legal
doctrine which seem to admit the validity and enforceability of a provision whereby a party agrees to subordinate its claim to the claim of another (senior) creditor. As a result, we tend to take the view that contractual subordination would be
upheld by Luxembourg courts, even in the event of insolvency proceedings affecting the Luxembourg party concerned. 

  

	15.	Information in the Offering Circular under the heading “Enforcement of Civil Liabilities” in so far as it purports to describe provisions of Luxembourg law is materially
accurate and materially complete. 

  

	16.	There is no applicable usury or interest limitation law which may restrict the recovery of payments in accordance with the Opinion Documents. 

  

	17.	Except as has already been paid, no stamp duty, registration charge, documentary or similar tax will be payable in respect of the entry into, performance of obligations under or
enforcement of any of the Opinion Documents or to render any Opinion Documents enforceable in Luxembourg. 

  

	D.	Qualifications 

  
 The above opinions are subject to the following qualifications: 
  

	a.	The validity, legality, performance and enforceability of the Opinion Documents are subject to, and may be affected or limited by, the provisions of any applicable bankruptcy,
insolvency, liquidation, moratorium or reprieve from payment (sursis de paiement), controlled management (gestion contrôlée), general settlement or composition with creditors (concordat préventif de
faillite), fraudulent conveyance (actio pauliana), reorganisation or similar Luxembourg or foreign laws affecting the rights of creditors generally. 

  

	b.	The provisions of the jurisdiction clauses in some of the Opinion Documents whereby the taking of proceedings in one or more jurisdictions shall not preclude the taking of
proceedings in any other jurisdiction, whether concurrently or not, might not be entirely enforceable in a Luxembourg court. If proceedings were previously commenced between the same parties and on the same grounds as the proceedings in Luxembourg,
a plea of pendency might be opposed in the Luxembourg court and proceedings either stayed pending the termination of the proceedings abroad or dismissed, as the case may be. 

  

	c.	Any certificate which would by contract be deemed to be conclusive may not be upheld by the Luxembourg courts. 

  

 AIII-6 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	d.	Certain obligations may not be the subject of specific performance pursuant to court orders, but may result only in damages. Accordingly, Luxembourg courts may issue an award of
damages where specific performance is deemed impracticable or an award of damages is determined adequate. 

  

	e.	Where any obligations are to be performed or observed or are based upon a matter arising in a jurisdiction outside Luxembourg, they may not be enforceable under Luxembourg law if
and to the extent that such performance or observance would be unlawful, unenforceable, or contrary to public policy under the laws of such jurisdiction. 

  

	f.	Notwithstanding the foreign jurisdiction clause, Luxembourg courts would have in principle jurisdiction for any conservatory or provisional action in connection with assets or
persons located in Luxembourg and such action would most likely be governed by Luxembourg law. 

  

	g.	Penalty clauses (clauses pénales), and similar clauses on damages or liquidated damages, as governed by article 1152 and articles 1226 et seq. of the Luxembourg
Civil Code are allowed to the extent that they provide for a reasonable level of damages. The judge has however the right to reduce (or increase) the amount thereof if it is unreasonably high (or low). The provisions of article 1152 and articles
1226 et seq. of the Luxembourg Civil Code are generally considered to be a point of public policy under Luxembourg law. It is possible that a Luxembourg court would consider them to be a point of international public policy that would set
aside the relevant foreign governing law. 

  

	h.	Interest may not accrue on interest that is due on capital, unless such interest has been due for at least one year (article 1154 of the Luxembourg Civil Code). The right to
compound interest is limited to cases where (x) the interest has been due for at least one year and (y) the parties have specifically provided in an agreement (to be made after that interest has become due for at least one year) that such interest
may be compounded (or absent such agreement, the creditor may file an appropriate request with the relevant court). The provisions of article 1154 of the Luxembourg Civil Code are generally considered to be a point of public policy under Luxembourg
law. It is possible, although it is highly unlikely, that a Luxembourg court would consider them to be a point of international public policy that would set aside the relevant foreign governing law. 

  

	i.	With respect to the opinions expressed in paragraphs 5, 8, 13 and 17 above, if the registration of the Opinion Documents (or any document in connection therewith) with the
Administration de l’Enregistrement et des Domaines in Luxembourg is required either a nominal registration duty or an ad valorem duty will be payable, depending on the nature of the document subject to registration (e.g., an ad
valorem duty of 0.24 (zero point twenty-four) per cent. will be payable on the amount of the payment obligation mentioned in a loan document so registered). If registration is so required, the Luxembourg courts or the official authority
may require that the Opinion Documents (or any documents in connection therewith) and/or any judgement (or any documents in connection therewith) obtained in the courts other than the courts of Luxembourg must be translated into French or German.

  

 AIII-7 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	j.	Claims may become barred under statutory limitation period rules and may be subject to defences of set-off or counter-claims. No opinion on close-out netting is expressed or, in
general, as to whether rights of set-off are effective in a Luxembourg insolvency situation. 

  

	k.	No opinion is expressed as to the validity and enforceability of provisions whereby interest on overdue amounts or other payment obligations shall continue to accrue or subsist
after judgement. 

  

	l.	With respect to the opinions expressed in paragraph 8. above, the Luxembourg courts would not apply a chosen foreign law if that choice was not made bona fide and/or if:

  

	 	i.	it were not pleaded and proved; or 

  

	 	ii.	if pleaded and proved, such foreign law would be contrary to the mandatory rules of Luxembourg law or manifestly incompatible with Luxembourg public policy.

  

	m.	Clauses that grant to one of the parties the power to determine, in its absolute discretion, certain facts, to fix the terms and conditions of the obligations of the other party or
to state unilaterally the amount of expenses or losses to be recovered from the other party and that thus grant the power to determine unilaterally the commitments of the other party, may be declared void by a Luxembourg court (if competent) on the
basis of articles 1170 and 1174 of the Luxembourg Civil Code (condition purement potestative, one-sided clause). It is generally held that such clauses are voidable only if they are expressed in favour of the debtor and grant the latter the
discretionary power or right to determine its obligations. Articles 1170 and 1174 of the Luxembourg Civil Code are considered to be a point of public policy under Luxembourg law. It is possible that a Luxembourg court would consider them to be a
point of international public policy that would set aside the relevant foreign governing law. 

  

	n.	Any indemnity provision entitling one party to recover its legal and other enforcement costs and expenses from another party may be limited in terms of items or amounts as a
Luxembourg court (if competent) deems appropriate. 

  

	o.	We express no opinion in respect of the effectiveness of clauses which provide that amendments to an agreement can only be made, and waivers can only be granted, in writing.

  

	p.	Under the laws of Luxembourg, a contractual provision allowing the service of process, against the Company and Newco, to a service agent could be overridden by Luxembourg statutory
provisions allowing the valid service of process against the Company and Newco in accordance with applicable laws at its domicile. If the designation of a service agent constituted (or were deemed to constitute) a power of attorney or mandate
(mandat), whether or not irrevocable, it will terminate by force of law, and without notice, upon the occurrence of insolvency events affecting the Company and Newco. 

  

	q.	We express no opinion on the validity or enforceability of waivers granted for future rights. 

  

 AIII-8 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	r.	We express no opinion as regards the effectiveness or ineffectiveness, or the consequences of such ineffectiveness, of a purported revocation by the Company and Newco of a power of
attorney or agency expressed to be irrevocable. If the designation of a service agent constitutes (or will be deemed to constitute) or, if the Company and Newco issue a power of attorney or mandate (mandat), whether or not irrevocable, such
power of attorney or mandate will terminate by force of law, and without notice, upon the occurrence of insolvency events affecting the Company and Newco. 

  

	s.	If the Notation of Guarantee would, under Luxembourg law, be construed as a suretyship (cautionnement), as opposed to a first demand guarantee or an independent guarantee,
article 2012 of the Luxembourg Civil Code provides that the validity and enforceability of a suretyship (which constitutes an accessory obligation) is subject to the validity of the (underlying) obligation. It follows that, under Luxembourg law, the
provider of a suretyship is entitled to raise all the defences which can be raised in respect of the (underlying) obligation, except for the defences that are personal to the main obligor whose obligations are the object of the suretyship. The
provider of a suretyship may not waive the provisions of article 2012 of the Luxembourg Civil Code. It is possible that a Luxembourg court would consider article 2012 of the Luxembourg Civil Code to be a point of Luxembourg international public
policy that would set aside the relevant foreign governing law. This, however, would, without prejudice to the opinion given in paragraph 9. above, not affect in a court in Luxembourg the enforcement of a money debt judgement given in the courts of
the State of New York. 

  

	t.	A Luxembourg company may only encumber its assets or provide guarantees in accordance with its object and in its corporate interest. There is no Luxembourg legislation governing
group companies which specifically regulates the establishment, organisation and liability of groups of companies. Consequently, the concept of group interest as opposed to the interest of the individual corporate entity is not expressly recognised.
A company may, in principle, not encumber its assets or provide guarantees in favour of group companies in general (at least as far as parent companies and fellow subsidiaries of its parent companies are concerned). 

  
 However, based on current Belgian case law (to which Luxembourg courts are
likely to refer in this context), and provided that the corporate object allows the granting of guarantees to group companies, we would take the view that a Luxembourg company may, in principle, validly assist other group companies if: 

 

	 	i.	there exists a group; 

  

	 	ii.	it can be demonstrated that the company derives a benefit from granting such assistance (e.g., if more advantageous credit terms can be obtained both at the group level and at the
level of the Luxembourg company); and 

  

	 	iii.	the assistance is not in terms of the amounts involved disproportionate to the company’s financial means and the benefits derived from granting such assistance.

  
 If the assistance is deemed contrary to the
interest of the company by the courts, its managers may be held liable for action taken in that context. Further, under certain 

  

 AIII-9 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 
circumstances, the managers of the Luxembourg company might incur criminal penalties based on the concept of misappropriation of corporate assets (article
171-1 of the Luxembourg Companies Act). Article 171-1 of the Luxembourg Companies Act makes it a criminal offence for the directors and managers of a Luxembourg company, whether having been officially appointed or being merely shadow directors or
managers, if, acting in bad faith, they have made use of corporate assets or of corporate credit for uses other than those required by the interests of such company and for their own personal benefit or for the benefit of companies or
enterprises in which they have a direct or indirect interest. It can not ultimately be excluded that, if the relevant transaction were to be considered a misappropriation of corporate assets by a Luxembourg court or if it could be evidenced that the
other parties to the transaction were aware of the fact that the transaction was not in the corporate interest and for the corporate benefit of the Luxembourg company, the transaction might be declared void based on the concept of illegal cause
(cause illicite). 
  

	u.	Pursuant to Luxembourg case law, the granting of exequatur is subject to the following requirements: 

  

	 	•	the foreign court order must be enforceable in the country of origin, 

  

	 	•	the court of origin must have had jurisdiction both according to its own laws and to the Luxembourg conflict of jurisdictions rules, 

  

	 	•	the foreign procedure must have been regular in light of the laws of the country of origin, 

  

	 	•	the foreign decision must not violate the rights of defense, 

  

	 	•	the foreign court must have applied the law which is designated by the Luxembourg conflict of laws rules, or, at least, the order must not contravene the principles underlying these
rules, 

  

	 	•	the considerations of the foreign order as well as the judgement as such must not contravene Luxembourg international public order, and 

  

	 	•	the foreign order must not have been rendered subsequent to an evasion of Luxembourg law (« fraude à la loi »). 

  

	v.	A Luxembourg court might not give effect to a clause purporting to determine the date on which notice is deemed to have been made. 

  

	w.	The discretion of the Trustee under the Indenture would have to be exercised in good faith. 

  

	x.	We express no opinion as regards the recognition of trusts in Luxembourg. 

  

	y.	 We express no tax opinion whatsoever in respect of the Company or Newco or the tax consequences of the transactions contemplated by the Opinion Documents (or any
document in connection therewith) and we express no opinion on matters of fact or on matters other than those expressly set forth in this legal opinion, and no opinion is, or may be, implied or inferred herefrom. No opinion is given as to whether
the performance 

  

 AIII-10 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	 	 
of the Opinion Documents would cause any borrowing limits, debt/equity or other ratios possibly agreed with the tax authorities to be exceeded nor as to the
consequences thereof. 

  

	z.	With your consent, we have not made any enquiry regarding, and no opinion is expressed or implied in relation to, the accuracy of any representation or warranty given by, or
concerning, any of the parties to the Opinion Documents or whether such parties or any of them have complied with or will comply with any covenant or undertaking given by them or the terms and conditions of any obligations binding upon them, save as
expressly provided herein. 

  

	aa.	Payments made, as well as other transactions (listed in the pertinent section of the Luxembourg Commercial Code) concluded or performed, during the so-called suspect period
(période suspecte) which is fixed by the Luxembourg court and dates back not more than 6 months as from the date on which the Luxembourg court formally adjudicates a person bankrupt, and, as for specific payments and transactions,
during an additional period of ten days before the commencement of such period, are subject to cancellation by the Luxembourg court upon proceedings instituted by the Luxembourg insolvency receiver (curateur). 

  
 In particular, 
  

	 	i.	article 445 of the Luxembourg Commercial Code sets out that, during the suspect period and an additional period of ten days preceding the suspect period fixed by the court,
specified transactions (e.g., the granting of a security interest for antecedent debts; the payment of debts which have not fallen due, whether payment is made in cash or by way of assignment, sale, set-off or by any other means; the payment
of debts which have fallen due by any other means than in cash or by bill of exchange; the sale of assets without consideration or for materially inadequate consideration) must be set aside or declared null and void, as the case may be, if so
requested by the insolvency; 

  

	 	ii.	article 446 of the Luxembourg Commercial Code states that payments made for matured debts as well as other transactions concluded for consideration during the suspect period are
subject to cancellation by the court upon proceedings instituted by the insolvency receiver if they were concluded with the knowledge of the bankrupt’s cessation of payments; and 

  

	 	iii.	regardless of the suspect period, article 448 of the Luxembourg Commercial Code and article 1167 of the Luxembourg Civil Code (actio pauliana) give the creditor the right to
challenge any fraudulent payments and transactions made prior to the bankruptcy, without limitation of time. 

  

	bb.	Specific creditors benefit from privileged rights by virtue of Luxembourg law and may take precedence over the rights of other secured or unsecured creditors. For instance, the
Luxembourg tax authorities, the Luxembourg social security institutions and the salaried employees (if any) benefit from a general privilege over movables in relation to specific claims determined by law; this general privilege in principle takes
precedence over the privilege of any secured creditors. 

  

 AIII-11 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

	cc.	The opinion expressed in paragraph 13. above is qualified as follows: 

  

	 	i.	that a search at the Luxembourg trade and companies register and/or at the clerk’s office of the Luxembourg district court (sitting in commercial matters) is not necessarily
capable of conclusively revealing whether or not a winding-up petition or a petition for the making of an administration or bankruptcy order or similar action has been presented; and 

  

	 	ii.	that the corporate documents (including, but not limited to, the notice of a winding-up order or resolution, notice of the appointment of a receiver, manager, administrator or
administrative receiver) may not be held at the Luxembourg trade and companies register and/or at the clerk’s office of the Luxembourg district court (sitting in commercial matters) immediately and there may be a delay in the relevant notice
appearing on the files regarding the relevant party. 

  

	dd.	As used in this opinion, the term enforceable means that each obligation or document is of a type enforced by the Luxembourg courts. It is not certain, however, that each
obligation or document will be enforced in accordance with its terms in every circumstance, enforcement being subject to, inter alia, the nature of the remedies available in the Luxembourg courts, the acceptance by such court of jurisdiction,
the discretion of the courts (within the limits of Luxembourg law), the power of such courts to stay proceedings, the provisions of Luxembourg civil procedure rules regarding remedies and enforcement measures available under Luxembourg law.
Enforcement may further be limited by general principles of equity and good faith. 

  

	ee.	The question as to whether or not any provision of the Opinion Documents which may be invalid on account of illegality may be severed from the other provisions thereof in order to
save those other provisions would be determined by the Luxembourg courts in their discretion. 

  

	ff.	This legal opinion is as of this date and we undertake no obligation to update it or advise of changes hereafter occurring. We express no opinion as to any matters other than those
expressly set forth herein, and no opinion is, or may be, implied or inferred herefrom. We express no opinion on any economic, financial or statistical information contained in the Opinion Documents (or any document in connection therewith).

  
 This legal opinion is given on the express basis, accepted by
each person who is entitled to rely on it, that this legal opinion and all rights, obligations or liability in relation to it are governed by, and shall be construed in accordance with, Luxembourg law and that any action or claim in relation to it
can only be brought before the courts of Luxembourg. 
  
 Luxembourg legal concepts
are expressed in English terms and not in their original French or German terms. The concepts concerned may not be identical to the concepts described by the same English terms as they exist under the laws of other jurisdictions. It should be noted
that there are always irreconcilable differences between languages making it impossible to guarantee a 

  

 AIII-12 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 
totally accurate translation or interpretation. In particular, there are always some legal concepts which exist in one jurisdiction and not in another, and
in those cases it is bound to be difficult to provide a completely satisfactory translation or interpretation because the vocabulary is missing from the language. We accept no responsibility for omissions or inaccuracies to the extent that any are
attributable to such factors. 
  
 This legal opinion is given to
you exclusively in connection with the Opinion Documents. You may not give copies of this legal opinion to others, or enable or allow any person or persons to quote, rely upon or otherwise use part or all of this legal opinion without our prior
written permission. 
  

	Yours	faithfully, 

  
 ALLEN & OVERY 
 LUXEMBOURG 
  
 Marc Feider 
  

 AIII-13 

 Goldman Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 November     , 2003 
  

 Schedule 
  

	1.	the Purchase Agreement dated [date] 

	2.	the Exchange and Registration Rights Agreement dated [date] 

	3.	the Indenture dated [date] 

	4.	the Note dated [date] 

	5.	the Notation of Guarantee dated [date] 

	6.	the Offering Circular dated [date] 

	7.	the restated articles of association of the Company as of 23 Mai 2002 

	8.	the minutes of the meeting of the Board of Managers of the Company dated [date] 

	9.	the articles of association of Newco as of 11 January 2001 

	10.	the minutes of the meeting of the Board of Managers of Newco dated [date] 

  

 AIII-14 

 ANNEX IV 
  
 Opinion of Mouaimis & Mouaimis 
  
 Goldman, Sachs & Co 
 J.P. Morgan Securities Inc.] 
 Fleet Securities, Inc. 
 As representatives of the several Purchasers 
 named in the Schedule hereto 
 c/o Goldman, Sachs & Co 
 85 Broad Street 
 New York, New York 10004 
 U.S.A. 
  
 BY FAX &
COURIER 
  
 Dear Sirs, 
  
 SRA Technologies Cyprus, Limited (“the Cyprus
Guarantor”) 
  

	1.1	You have asked us to render an opinion in connection with the issue of up to $170,000,000 aggregate principal amount of senior unsecured notes (“the Notes”) to
certain investors through a sale to Goldman, Sachs & Co and certain other initial purchasers (“the Initial Purchasers”), unconditionally guaranteed as to the payment of principal, premium and interest by the Cyprus Guarantor and
the guarantors named below (collectively “the Guarantors”), governed (inter alia) by the under-mentioned documents. 

  

	1.2	Words and expressions used in this opinion shall bear the same meanings as defined in the Purchase Agreement dated as of the
[                    ], 2003 among the Cyprus Guarantor, Stratus Technologies, Inc. (“Stratus Delaware”), Stratus Technologies
International, S.à r.l. (“the Luxembourg Guarantor”), Stratus Equity S.à r.l., Stratus Technologies Bermuda, Ltd. (“the Bermuda Guarantor”), Stratus Technologies Ireland Limited and Stratus Research
& Development Limited (each an “Ireland Guarantor”) Cemprus Technologies, Inc. and Cemprus LLC (each an “Delaware Guarantor”) and the Initial Purchasers (“the Purchase Agreement”).

  

	1.3	For the purposes of this opinion, we have reviewed: 

  

	 	(a)	the Purchase Agreement; 

  

	 	(b)	the Indenture dated as of [                    ], 2003 between Stratus Delaware,
the Guarantors, and U.S. Bank National Association as Trustee, pursuant to which the Notes will be issued (“the Indenture”); 

  

	 	(c)	the Exchange and Registration Rights Agreement dated as of
[                    ], 2003 among Stratus Delaware, the Guarantors and the Initial Purchasers pursuant to which Stratus Delaware agreed to exchange
the Notes for registered notes or register the Notes for resale (“the Registration Rights Agreement”); 

  

 AIV-1 

	 	(d)	the Notation of Guarantee dated as of [                    ], 2003 made bythe
Cyprus Guarantor pursuant to which the Cyprus Guarantor guarantees the due and punctual payment of the principal of, premium, if any, and interest on the Notethe Notes (“the Note Guarantee”); 

  

	 	(e)	the Intangible Property License Agreement dated as of February 25, 2002, between Stratus Technologies Ireland Limited and the Cyprus Guarantor, amended as of February 11, 2003
(“the License Agreement”); 

  

	 	(f)	the Certificate of Incorporation and the Memorandum and Articles of Association (together “the By-laws”) of the Cyprus Guarantor; 

  

	 	(g)	the Unanimous Written Resolutions of the Board of Directors of the Cyprus Guarantor approving and authorizing the execution and delivery of each of the documents to which the Cyprus
Guarantor is a party and all agreements, documents and instruments contemplated thereby; and 

  

	 	(i)	all other documents, approvals and consents of whatever nature and wherever kept which it was, in our judgment and to our knowledge, necessary or appropriate to examine to enable us
to give the opinion expressed below. 

  

	1.4	We have further assumed for such purposes: 

  

	 	(a)	the genuineness of all signatures and seals and the authenticity and completeness of all the documents submitted to us as originals; 

  

	 	(b)	any documents previously seen by us in draft have been executed in substantially the form of the drafts seen by us; 

  

	 	(c)	the conformity to the originals of all documents submitted to us as copies and the authenticity and completeness of the originals of such documents; 

  

	 	(d)	that all documents purporting to bear the common seal of the Cyprus Guarantor whether submitted to us as originals or as copies had been impressed with a seal which truly was the
common seal of the Cyprus Guarantor; 

  

	 	(e)	that the resolutions of the Board of Directors of the Cyprus Guarantor were passed unanimously by all the Directors in good faith in the interests of the Cyprus Guarantor and not
for any ulterior purpose; 

  

	 	(f)	that to the best of our knowledge the Cyprus Guarantor was not at the time when it entered into the documents unable to pay its debts (within the meaning of section 212 of the
Cyprus Companies Law Cap.113) and did not by virtue of incurring liabilities thereunder become so unable; and 

  

	 	(g)	that there are no facts which have not been disclosed to us which would be relevant to our opinions expressed herein. 

  

	2.	The opinion set forth herein relates solely to and should be construed in accordance with Cypriot law as the same was in force as at the date hereof. We are not qualified to, and
nor do we, express any opinion as to the law of any other jurisdiction. 

  

 AIV-2 

	3.	On the basis of the foregoing and subject to the qualifications set forth below, we are of the opinion that: 

  

	 	(a)	The Cyprus Guarantor has been duly incorporated and is validly existing as a corporation in good standing under the laws of its jurisdiction of incorporation.

  

	 	(b)	The Purchase Agreement has been duly authorized, executed and delivered by the Cyprus Guarantor. 

  

	 	(c)	The Indenture has been duly authorized, executed and delivered by the Cyprus Guarantor. 

  

	 	(d)	The Registration Rights Agreement has been duly authorized, executed and delivered by the Cyprus Guarantor. 

  

	 	(e)	The Guarantee by the Cyprus Guarantor has been duly authorized, executed and delivered by the Cyprus Guarantor. 

  

	 	(f)	The Exchange Guarantee has been duly authorized by the Cyprus Guarantor. 

  

	 	(g)	The License Agreement has been duly authorized, executed and delivered by the Cyprus Guarantor. 

  

	 	(h)	The issue and sale of the Guarantees by the Cyprus Guarantor and the compliance by the Cyprus Guarantor with all of the provisions of its Notation of Guarantee, the Exchange
Guarantee, the Indenture, the Registration Rights Agreement, the Purchase Agreement and the License Agreement (collectively “the Agreements” and each one of them “the Agreement”) and the consummation of the
transactions therein contemplated and the use of proceeds of the Notes as contemplated by the Officering Circular relating to the Notes, dated
[                    ], 2003 (“the Offering Circular”) would not conflict with or result in a breach or violation of:

  

	 	(i)	any of the provisions of the Certificate of Incorporation or By-laws of the Cyprus Guarantor; or 

  

	 	(ii)	any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Cyprus Guarantor or any of its properties.

  

	 	(i)	No consent, approval, authorization, order, registration or qualification of or with any such court or governmental agency or body having jurisdiction over the Cyprus Guarantor is
required for the issue and sale of the Guarantees or the consummation by the Cyprus Guarantor of the transactions contemplated by the Purchase Agreement, the Registration Rights Agreement, the Guarantees or the Indenture except for such consents,
approvals, authorizations, registrations or qualifications as may be required under United States state securities or Blue Sky laws in connection with the purchase and distribution of the Notes by the Initial Purchasers. 

  

 AIV-3 

	 	(j)	To the best of our knowledge there are no pending or threatened actions, suits, proceedings or investigations before any court, board of arbitration, governmental agency, commission
or official in Cyprus against or affecting the Cyprus Guarantor the outcome of which in the aggregate could materially adversely affect the financial position, operations or prospects of the Cyprus Guarantor or the outcome of which in the aggregate
could materially impair the ability of the Cyprus Guarantor to conduct its business or to perform its obligations under any of the Agreements, nor to the best of our knowledge after due inquiry, is there any basis for any such actions or
proceedings. 

  

	 	(k)	The Agreements are in proper legal form for enforcement against the Cyprus Guarantor in accordance with their respective terms. None of the Agreements contains any provision which
is contrary to law in Cyprus or which for any reason would not be upheld by the Courts in Cyprus, and there is no principle of Cyprus law which would render any of the Agreements or any provision of any Agreement contrary to law or to be otherwise
unenforceable in any action brought in respect thereof in a Cyprus Court and no provision of Cyprus law prevents or would prevent any of the parties to any of the Agreements from entering into or performing their respective obligations thereunder.

  

	 	(l)	The Cyprus Guarantor is not entitled to immunity from suit, execution, attachment or other legal process under the laws of Cyprus and the submission to jurisdiction and appointment
of process agents and the consent and waiver of immunity by the Cyprus Guarantor in the Agreements are valid under Cyprus law. 

  

	 	(m)	It is not required that any Agreement be notarized, filed, registered or recorded in a public office or elsewhere in Cyprus, or that any other instrument, document or notice
relating thereto be executed, delivered, filed, registered, recorded or served in Cyprus in order to ensure the validity, effectiveness, performance or enforceability of such Agreement against or by the Cyprus Guarantor other than any such
notarizations, filings, registrations or recordings, as the case may be, that have been done and duly completed. 

  

	 	(n)	No deduction or withholding (whether on account of any tax, levy, impost, duty, charge or fee of any nature and whatever called) will be required from any payment by the Cyprus
Guarantor under the Notes or its Guarantee. 

  

	 	(o)	Except as has already been paid, no stamp duty, registration charge, documentary or similar tax will be payable in respect of the entry into, performance of obligations under or
enforcement of any of the Agreements or to render any other Agreements enforceable in Cyprus. 

  

	 	(p)	The submission by the Cyprus Guarantor to the jurisdiction of the courts of the State of New York in the county of New York or of the United States of America for the Southern
District of New York in connection with any action arising or relating to any of the Agreements does not violate any restriction imposed by any law in Cyprus. 

  

	 	(q)	Any judgment or order given or made by the courts of Cyprus for the enforcement of any of the Agreements may be expressed in United States Dollars, as specified in such Agreements.

  

 AIV-4 

	 	(r)	Any final and conclusive judgment for a define sum of money is obtained against the Cyprus Guarantor in a court of the State of New York or in a court of the United States of
America may, without re-examination of issues of fact, be enforced subject to Cyprus public policy in a suit in Cyprus and be conclusive as to any matter thereby directly adjudicated upon between the same parties or any parties litigating under such
parties. This opinion, however, is not to be taken to imply that a Cyprus Court if it were the forum would necessarily grant any remedy, the availability of which is subject to equitable consideration or which is otherwise in the discretion of the
court. 

  

	 	(s)	Under the laws of Cyprus in force at the date of this opinion letter, the claims of Holders of Notes against the Cyprus Guarantor would rank at least pari passu with the claims of
all its unsecured creditors save those whose claims are preferred solely by any bankruptcy, insolvency, liquidation or other similar laws of general application. 

  

	 	(t)	There is no applicable usury or interest limitation law which may restrict the recovery of payments in accordance with the Agreements. 

  

	 	(u)	To the best of our knowledge the Cyprus Guarantor is not in violation of its Articles of Association or Bylaws and no default by the Cyprus Guarantor exists in the due performance
or observance of any material obligation, agreement, covenant or condition binding on it. 

  

	 	(v)	The information in the Offering Circular under the heading “Enforcement of Civil Liabilities”in so far as it purports to describe provisions of Cyprus law are fair,
accurate and complete. 

  

	 	(w)	The duties and obligations of the Trustee under the Indenture would, as a mater of the provisions of Cyprus law relating to conflicts of laws, be determined solely by reference to
New York law. Accordingly, there are no provisions of Cyprus law which will impose duties on the Trustee or modify the trust relationship between the Trustee and the holders of the Notes established pursuant to the Indenture.

  
 4. Our opinion is subject to the following qualifications:

  

	 	I	No opinion is expressed on the effectiveness of any provision of the Agreements which has the effect of imposing or increasing any rate of interest or other amount which may be
payable on default or breach, such a provision being subject to the possibility of being characterised as an unenforceable contractual penalty. 

  

	 	II	The obligations of the Cyprus Guarantor under the Agreements may be limited or affected by bankruptcy, insolvency, liquidation, and other laws to or affecting the rights of
creditors generally. Any attempt to contract out of the mandatory provisions of such laws will be ineffective. 

  

 AIV-5 

	 	III	The courts in Cyprus may not treat as conclusive any calculation or matter which by the terms of a contract are to be determined by a party thereto or are otherwise to be
conclusive, but may inquire into such calculations or matter. Where a contract vests a discretion in any person the courts in Cyprus may require such discretion to be exercised reasonably and objectively. 

  

	 	IV	A court in Cyprus may stay proceedings if concurrent proceedings in respect of any of the Agreements is being brought elsewhere. 

  

	 	V	A court in Cyprus would be prepared to render judgment for a monetary amount in a foreign currency, but the amount may have to be converted into Cyprus pounds for the purposes of
enforcement of such judgment within Cyprus. Additionally, foreign currency amounts for which a creditor proves in a winding up of the Cyprus Guarantor must be converted into Cyprus pounds at the rate prevailing at the date of the winding up order or
resolution. 

  

	 	VI	The Cyprus Guarantor might be able to raise defenses and claims available to sureties notwithstanding the terms of any of the Agreements in that regard. 

  

	 	VII	Claims and obligations may become subject to set-off or counterclaim in legal actions being brought in Cyprus notwithstanding any provision of any of the Agreements to the contrary.

  

	 	VIII	A contract may under the laws of Cyprus be void or liable to be avoided if entered into on the basis of a mistake as to fact or if a party thereto was induced to enter into it by a
misrepresentation as to fact or by fraud. 

  

	5.	This opinion is given for the benefit of the addressees and their legal advisers and may not be relied upon, nor disclosed to, any other person. 

  

	6.	Our opinion herein is strictly limited to the matters stated herein and is not to be read as extending by implication to any other matter. 

  
 Yours faithfully, 
  
 Panayotis Mouaimis, 
 for Mouaimis & Mouaimis. 
  

 AIV-6 

 ANNEX V 
  
 Opinion of Hollis & Co. 
  
 [                    ], 2003 
  
 Goldman, Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 As representatives of the several Initial Purchasers 
 named on Exhibit A hereto 
 c/o Goldman Sachs & Co. 
 85 Broad Street 
 New York, NY 10004 
  
 Dear Sirs, 
  
 Re: Stratus Technologies Bermuda Ltd. (the “Company”) 
  
 We have acted as special legal counsel in Bermuda to the Company in connection with (i) the
notation of guarantee dated the date hereof entered into by the Company (the “Guarantee”); (ii) the purchase agreement dated
[                    ], 2003 entered into among you, as representatives of the several initial purchasers named on Exhibit A hereto (the
“Initial Purchasers”), the Company, Stratus Technologies, Inc., a Delaware corporation (the “Issuer”), Stratus Technologies International S.à r.l., Stratus Equity S.á r.l. (each a “Luxembourg Guarantor”),
SRA Technologies Cyprus, Ltd. (the “Cyprus Guarantor”), Stratus Technologies Ireland Limited, Stratus Research & Development Ltd. (each an “Ireland Guarantor”), Cemprus Technologies Inc. (the “Delaware Corporate
Guarantor”) and Cemprus LLC (the “Delaware LLC Guarantor,” and together with the Company, the Luxembourg Guarantors, the Cyprus Guarantor, the Ireland Guarantors and the Delaware Corporate Guarantor, the “Guarantors”) (the
“Purchase Agreement”); (iii) the indenture dated the date hereof and made between the Issuer, the Guarantors and U.S. Bank National Association, as trustee (the “Trustee”) (the “Indenture”); and (iv) the registration
rights agreement dated the date hereof entered into among you, as Representatives of the Initial Purchasers, the Company and the Guarantors (the “Registration Rights Agreement”); each in connection with the issuance by the Issuer of its
[    ]% Senior Notes due 2008 (the “Notes”) pursuant to a Offering Circular dated [                    ], 2003
(the “Offering Circular”). 
  
 We have also acted as special legal
counsel in Bermuda to the Company in connection with the intangible property license agreement effective as of February 25, 2002 by and between the Company and SRA Technologies Cyprus Ltd. (together the “Parties”) as subsequently amended
by an amendment agreement by and between the Parties effective as of February 11, 2003 (the “License Agreement”). 
  

 AV-1 

 For the purposes of this opinion, we have been supplied with and have examined, and relied upon executed copies of the
following agreements: 
  

	(i)	the Guarantee; 

  

	(ii)	the Purchase Agreement; 

  

	(iii)	the Indenture; 

  

	(iv)	the Registration Rights Agreement; 

  

	(v)	the License Agreement; and 

  

	(vi)	the Offering Circular. 

  
 (The agreements referred to in paragraphs (i) to (v) above are hereinafter sometimes collectively referred to as the “Transaction Documents”). 
  
 For the purposes of this opinion, we have been supplied with and have examined, and relied upon a draft copy of the notation of guarantee of
the Company (the “Exchange Guarantee”) to be endorsed on the Issuer’s new         % Senior Notes due 2008 to be issued in exchange for the Notes pursuant to the registered exchange offer
contemplated by the Registration Rights Agreement and included in the Indenture. 
  
 We have also examined and relied upon the documents listed, and in some cases defined, in the First Schedule to this opinion (such documents together with the Transaction Documents are hereinafter sometimes collectively referred to as the
“Documents”). 
  
 Assumptions 
  
 In stating our opinion we have assumed:- 
  

	(a)	the authenticity, accuracy and completeness of all Documents submitted to us as originals and the conformity to authentic original Documents of all Documents submitted to us as
certified, conformed, notarised, faxed or photostatic copies; 

  

	(b)	the genuineness of all signatures on the Documents; 

  

	(c)	the authority, capacity and power of each of the parties, other than the Company in respect of the Transaction Documents, signing the Documents; 

  

	(d)	that any representation, warranty or statement of fact or law, other than as to the laws of Bermuda, made in any of the Documents is true, accurate and complete;

  

	(e)	that the Transaction Documents constitute the legal, valid and binding obligations of each of the parties thereto, other than the Company, under the laws of its jurisdiction of
incorporation or its jurisdiction of formation; 

  

	(f)	 that the Transaction Documents have been validly authorised, executed and delivered by each of the parties thereto, other than the Company, and the performance
thereof is within the capacity and powers of each such party thereto (other than the Company), 

  

 AV-2 

	 	 
and that each such party to which the Company purportedly delivered the Transaction Documents has actually received and accepted delivery of such Transaction
Documents; 

  

	(g)	that the Transaction Documents will effect, and will constitute legal, valid and binding obligations of each of the parties thereto, enforceable in accordance with their terms,
under the laws of the State of New York by which they are expressed to be governed (the “Foreign Laws”); 

  

	(h)	that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda which would be contravened by the execution or delivery of the Transaction Documents
or which would have any implication in relation to the opinion expressed herein and that, in so far as any obligation under, or action to be taken under, the Transaction Documents is required to be performed or taken in any jurisdiction outside
Bermuda, the performance of such obligation or the taking of such action will constitute a valid and binding obligation of each of the parties thereto under the laws of that jurisdiction and will not be illegal by virtue of the laws of that
jurisdiction; 

  

	(i)	that the Company is not carrying on investment business in or from within Bermuda under the provisions of the Investment Business Act 1998 as amended from time to time;

  

	(j)	that the records which were the subject of the Company Search were complete and accurate at the time of such search and disclosed all information which is material for the purposes
of this opinion and such information has not since the date of the Company Search been materially altered; 

  

	(k)	that the records which were the subject of the Litigation Search were complete and accurate at the time of such search and disclosed all information which is material for the
purposes of this opinion and such information has not since the date of the Litigation Search been materially altered; 

  

	(l)	that the Resolutions are in full force and effect, have not been rescinded, either in whole or in part, and accurately record the resolutions passed by the Board of Directors of the
Company in a meeting which was duly convened and at which a duly constituted quorum was present and voting throughout and that there is no matter affecting the authority of the Directors to enter into the Transaction Documents, not disclosed by the
Constitutional Documents or the Resolutions, which would have any adverse implication in relation to the opinions expressed herein; 

  

	(m)	that the Company has entered into its obligations under the Transaction Documents in good faith for the purpose of carrying on its business and that, at the time it did so, there
were reasonable grounds for believing that the transactions contemplated by the Transaction Documents would benefit the Company; 

  

	(n)	that commercial benefit will be received by the Company in respect of the granting of the Guarantee and the Exchange Guarantee; and 

  

	(o)	that when executed and delivered, the Exchange Guarantee will be in a form which does not differ from the draft which we have examined for the purposes of this opinion.

  

 AV-3 

 Opinion 
  
 Based upon and subject to the foregoing and subject to the reservations set out below and to any matters not disclosed to us, we are of the opinion that:- 
  

	(1)	The Company is an exempted company incorporated with limited liability and existing under the laws of Bermuda. The Company possesses the capacity to sue and be sued in its own name
and is in good standing (meaning that it has paid all fees and made all filings due in Bermuda) under the laws of Bermuda. 

  

	(2)	The Company has all requisite corporate power and authority to enter into, execute and deliver each of the Transaction Documents and the Exchange Guarantee and to perform its
obligations under the Transaction Documents and the Exchange Guarantee to which it is a party and to take all action as may be necessary to complete the transactions contemplated thereby. 

  

	(3)	The execution, delivery and performance by the Company of the Transaction Documents to which it is a party and the transactions contemplated thereby have been duly authorised by all
necessary corporate action on the part of the Company. 

  

	(4)	The execution, delivery and performance by the Company of the Exchange Guarantee has been duly authorised by all necessary corporate action on the part of the Company.

  

	(5)	The Transaction Documents to which the Company is a party have been duly executed by the Company and each constitutes legal, valid and binding obligations of the Company,
enforceable against the Company in accordance with its terms. 

  

	(6)	Subject as otherwise provided in this opinion, no consent, licence or authorisation of, filing with, or other act by or in respect of, any governmental authority or court of Bermuda
is required to be obtained by the Company in connection with the execution, delivery or performance by the Company of the Transaction Documents and the Exchange Guarantee or to ensure the legality, validity, admissibility into evidence or
enforceability as to the Company, of the Transaction Documents and the Exchange Guarantee. 

  

	(7)	The execution, delivery and performance by the Company of the Transaction Documents and the Exchange Guarantee and the transactions contemplated thereby (including the purchase of
[4,936,933] Series Preference A Preference Shares and up to [547,356] Ordinary Shares of Stratus Technologies Group, S.A.), do not and will not violate, conflict with or constitute a default under (i) any requirement of any law or any regulation of
Bermuda or (ii) the Constitutional Documents. 

  

	(8)	Neither the Company nor any of its assets or property enjoys, under Bermuda law, immunity from any legal or other proceedings whatsoever or from enforcement, execution or attachment
in respect of its obligations under the Transaction Documents. 

  

	(9)	 There are, subject as otherwise provided in this opinion, no Bermuda taxes, stamp or documentary taxes, duties or similar charges now due, or which could in the
future become due, in connection with the execution, delivery, performance or enforcement of the Transaction Documents and the Exchange Guarantee or the transactions 

  

 AV-4 

	 	 
contemplated thereby, or in connection with the admissibility in evidence thereof, and the Company is not required by any Bermuda law or regulation to make
any deductions or withholdings in Bermuda from any payment it may make thereunder. 

  

	(10)	The financial obligations of the Company under the Guarantee and the Exchange Guarantee rank at least pari passu in priority of payment with all other unsecured and unsubordinated
indebtedness (whether actual or contingent) issued, created or assumed by the Company other than indebtedness which is preferred by virtue of any provision of Bermuda law of general application. 

  

	(11)	Based solely upon the Company Search and the Litigation Search: 

  

	 	(i)	no litigation, arbitration or administrative or other proceeding of or before any arbitrator or governmental authority of Bermuda is pending against or affecting the Company or
against or affecting any of its properties, rights, revenues or assets; and 

  

	 	(ii)	no notice to the Registrar of Companies of the passing of a resolution of members or creditors to wind up or the appointment of a liquidator or receiver has been given. No petition
to wind up the Company or application to reorganise its affairs pursuant to a Scheme of Arrangement or application for the appointment of a receiver has been filed with the Supreme Court. 

  

	(12)	The choice of the Foreign Laws as the proper law to govern the Transaction Documents is a valid choice of law under Bermuda law and such choice of law would be recognised, upheld
and applied by the courts of Bermuda as the proper law of the Transaction Documents in proceedings brought before them in relation to the Transaction Documents, provided that (i) the point is specifically pleaded; (ii) such choice of law is valid
and binding under the Foreign Laws; and (iii) recognition would not be contrary to public policy as that term is understood under Bermuda law. 

  

	(13)	The submission by the Company to the jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and
appellate courts from any thereof (the “Foreign Courts”) pursuant to the Transaction Documents is not contrary to Bermuda law and would be recognised by the courts of Bermuda as a legal, valid and binding submission to the jurisdiction of
the Foreign Courts, if such submission is accepted by such Foreign Courts and is legal, valid and binding under the Foreign Laws. 

  

	(14)	The appointment by the Company of National Registered Agents, Inc., 440 Ninth Avenue, New York, NY 10001 as agent for the receipt of any service of process in respect of the Foreign
Laws in connection with any matter arising out of or in connection with the Transaction Agreements is a valid and effective appointment, if such appointment is valid and binding under the Foreign Laws and if no other procedural requirements are
necessary in order to validate such appointment. 

  

	(15)	 A final and conclusive judgment of a foreign court against the Company based upon the Transaction Documents or Exchange Guarantee (other than a court of
jurisdiction to which The Judgments (Reciprocal Enforcement) Act, 1958 applies, and it does not apply to the Foreign Courts) under which a sum of money is payable (not being a sum payable in respect of taxes or other charges of a like nature, in
respect of a fine or other penalty, 

  

 AV-5 

	 	 
or in respect of multiple damages as defined in The Protection of Trading Interests Act 1981) may be the subject of enforcement proceedings in the Supreme
Court of Bermuda under the common law doctrine of obligation by action on the debt evidenced by the foreign court’s judgment. A final opinion as to the availability of this remedy should be sought when the facts surrounding the foreign
court’s judgment are known, but, on general principles, we would expect such proceedings to be successful provided that:- 

  

	 	(i)	the court which gave the judgment was competent to hear the action in accordance with private international law principles as applied in Bermuda; and 

  

	 	(ii)	the judgment is not contrary to public policy in Bermuda, has not been obtained by fraud or in proceedings contrary to natural justice and is not based on an error in Bermuda law.

  
 Enforcement of such a judgment against assets
in Bermuda may involve the conversion of the judgment debt into Bermuda dollars, but the Bermuda Monetary Authority has indicated that its present policy is to give the consents necessary to enable recovery in the currency of the obligation.

  

	(16)	Information contained in the Offering Circular under the heading “Enforcement of Civil Liabilities” in so far as it purports to describe provisions of Bermuda law is fair,
accurate and complete. 

  

	(17)	There is no applicable usury or interest limitation law, under Bermuda law, which may restrict the recovery of payments in accordance with the Transaction Documents or the Exchange
Guarantee. 

  
 Reservations 
  
 We have the following reservations:- 
  

	(a)	We express no opinion as to the availability of equitable remedies such as specific performance or injunctive relief, or as to any matters which are within the discretion of the
courts of Bermuda in respect of any obligations of the Company as set out in the Transaction Documents. In particular, we express no opinion as to the enforceability of any present or future waiver of any provision of law (whether substantive or
procedural) or of any right or remedy which might otherwise be available presently or in the future under the Transaction Documents. 

  

	(b)	Enforcement of the obligations of the Company under the Transaction Documents may be limited or affected by applicable laws from time to time in effect relating to bankruptcy,
insolvency or liquidation or any other laws or other legal procedures affecting generally the enforcement of creditors’ rights. 

  

	(c)	Enforcement of the obligations of the Company may be the subject of a statutory limitation of the time within which such proceedings may be brought. 

  

	(d)	We express no opinion as to any law other than Bermuda law and none of the opinions expressed herein relates to compliance with or matters governed by the laws of any jurisdiction
except Bermuda. This opinion is limited to Bermuda law as applied by the Courts of Bermuda at the date hereof. 

  

 AV-6 

	(e)	Where an obligation is to be performed in a jurisdiction other than Bermuda, the courts of Bermuda may refuse to enforce it to the extent that such performance would be illegal
under the laws of, or contrary to public policy of, such other jurisdiction. 

  

	(f)	Except as set forth in paragraph 13 herein, we express no opinion as to the validity, binding effect or enforceability of any provision incorporated into any of the Transaction
Documents by reference to a law other than that of Bermuda, or as to the availability in Bermuda of remedies which are available in other jurisdictions. 

  

	(g)	We express no opinion as to the validity or binding effect of any provision in the Transaction Documents for the payment of interest at a higher rate on overdue amounts than on
amounts which are current, or that liquidated damages are or may be payable. Such a provision may not be enforceable if it could be established that the amount expressed as being payable was in the nature of a penalty; that is to say a requirement
for a stipulated sum to be paid irrespective of, or necessarily greater than, the loss likely to be sustained. If it cannot be demonstrated to the Bermuda court that the higher payment was a reasonable pre-estimate of the loss suffered, the court
will determine and award what it considers to be reasonable damages. Section 9 of The Interest and Credit Charges (Regulations) Act 1975 provides that the Bermuda courts have discretion as to the amount of interest, if any, payable on the amount of
a judgment after date of judgment. If the Court does not exercise that discretion, then interest will accrue at the statutory rate which is currently 7% per annum. 

  

	(h)	We express no opinion as to the validity or binding effect of any provision of the Transaction Documents which provides for the severance of illegal, invalid or unenforceable
provisions. 

  

	(i)	A Bermuda court may refuse to give effect to any provisions of the Transaction Documents in respect of costs of unsuccessful litigation brought before the Bermuda court or where
that court has itself made an order for costs. 

  
 Disclosure 
  
 This opinion is addressed to you solely for
your benefit and is neither to be transmitted to any other person, nor relied upon by any other person or for any other purpose nor quoted or referred to in any public document nor filed with any governmental agency or person, without our prior
written consent, except as may be required by law or regulatory authority. Further, this opinion speaks as of its date and is strictly limited to the matters stated herein and we assume no obligation to review or update this opinion if applicable
law or the existing facts or circumstances should change. 
  
 This opinion is
governed by and is to be construed in accordance with Bermuda law. It is given on the basis that it will not give rise to any legal proceedings with respect thereto in any jurisdiction other than Bermuda. 
  
 Yours faithfully 
  
 Hollis & Co. 
  

 AV-7 

 FIRST SCHEDULE 
  

	1.	The entries and filings shown in respect of the Company on the file of the Company maintained in the Register of Companies at office of the Registrar of Companies in Hamilton,
Bermuda, as revealed by a search on [                    ], 2003 (the “Company Search”). 

  

	2.	The entries and filings shown in respect of the Company in the Supreme Court Causes Book maintained at the Registry of the Supreme Court in Hamilton, Bermuda, as revealed by a
search on [                    ], 2003 in respect of the Company (the “Litigation Search”). 

  

	3.	The Certificate of Incorporation, Memorandum of Association and Bye-laws adopted on 22nd February, 2002 for the Company (collectively referred to as the “Constitutional
Documents”). 

  

	4.	Minutes of the Meeting of the Board of Directors of the Company held on
[                    ], 2003 (the “Resolutions”). 

  

	5.	The Register of Shareholders in respect of the Company. 

  

	6.	The Register of Directors and Officers in respect of the Company. 

  

	7.	A Certificate of Compliance dated [                    ], 2003 issued by the
Ministry of Finance in respect of the Company. 

  

 AV-8 

 Exhibit A 
  
 To come 
  

 AV-9 

 ANNEX VI 
  
 Opinion of A & L Goodbody 
  
 Draft 4: 6/11/03 (01 323352) 
  
 To: Addressee set out in Schedule 1 
  
 Dear Sirs, 
  
 We are issuing this opinion letter in our capacity as Irish legal counsel to Stratus Technologies Ireland Limited (Stratus Ireland) and Stratus Research and
Development Limited (Stratus R&D) and Stratus Technologies, Inc., a Delaware corporation (the Seller), in accordance with the requirement set out in Section 7(f) of the Purchase Agreement dated as of
         day of November 2003 (the Purchase Agreement), among the Seller, the Guarantors (as defined therein) and you (the Initial Purchasers). 
  
 All capitalised terms used herein and not defined herein shall have the meanings given to
such terms in the Purchase Agreement. In particular, the term “Operative Documents” refers collectively, the Indenture, the Registration Rights Agreement and the Purchase Agreement. 
  
 This opinion is confined to Irish law as applied by the Irish courts and is given on the
basis that it will be governed by and construed in accordance with Irish law. 
  
 Stratus Ireland and Stratus R&D shall be referred to in this opinion as Ireland Guarantors. 
  

	1.	We have examined the following: 

  

	 	1.1.	[facsimile copies of] the Agreements as more particularly set out in Schedule 2 hereto (together the Agreements ), and 

  

	 	1.2.	a corporate certificate (the Certificates) of each Ireland Guarantor dated November 2003 attaching: 

  

	 	1.2.1.	copies of the certificate of incorporation, the certificates on change of name and memorandum and articles of association of such company; 

  

	 	1.2.2.	unanimous written resolution of the members of each Ireland Guarantor authorising and approving the provision of financial assistance in accordance with the provisions of Section 60
of the Companies Act, 1963-201; 

  

	 	1.2.3.	statutory declaration of a majority of the directors pursuant to the provisions of Section 60 of the Companies Act, 1963-2001; 

  

	 	1.2.4.	minutes of a meeting of the board of directors held on 4 day of November, 2003 considering the provision of financial assistance in connection with 

  

 AVI-1 

	 	    	the transaction and subsequent minutes of the board of directors meeting held on 4 day of November, 2003 following the completion of Section 60 approval procedure in accordance with
Section 60(2) and authorising and approving the entering into the Agreements in connection with the transaction. 

  

	 	1.2.5.	a copy of the power of attorney of such company dated 4 November, 2003. 

  

	    	and such other documents as we have considered necessary or desirable to examine in order that we may give this opinion. 

  

	2.	For the purpose of giving this opinion we have assumed: 

  

	 	2.1.	the authenticity of all documents submitted to us as originals and the completeness and conformity to the originals of all copies of documents of any kind furnished to us;

  

	 	2.2.	that the copies produced to us of minutes of meetings and/or of resolutions and/or the statutory declarations are true copies and correctly record the proceedings of such meetings
and/or the subject matter which they purport to record and that any meetings referred to in such copies were duly convened and held and that all resolutions set out in such meetings were duly passed and are in full force and effect and the statutory
declaration of each Ireland Guarantor was properly made, is in full force and effect and will be filed with the Registrar of Companies within 21 days of the giving of the relevant financial assistance. In this regard, we confirm that we will make
the relevant filing within the required period; 

  

	 	2.3.	the genuineness of the signatures and seals on all original and copy documents which we have examined; 

  

	 	2.4.	that the memorandum and articles of association of each Ireland Guarantor are correct and up to date; 

  

	 	2.5.	the accuracy and completeness as to factual matters of the representations and warranties of each Ireland Guarantor contained in the Operative Documents and the accuracy of the
Certificates (which are attached to this letter) provided to us in connection with the Operative Documents and the transactions contemplated by the Operative Documents. 

  

	 	2.6.	that there are no agreements or arrangements in existence which in any way amend or vary the terms of the transactions as disclosed by the Agreements; 

  

	 	2.7.	without having made any investigation, that the terms of the Agreements are lawful and fully enforceable under the laws of the State of New York and any other applicable laws other
than the laws of Ireland; 

  

	 	2.8.	that the Notes, and any Exchange Securities are issued in reliance on Rule 144A under the Securities Act 1933 (USA) to qualified institutional buyers in the USA and cleared through
a clearing system recognised by the Irish Revenue 

  

 AVI-2 

	 	    	Commissioners (Euroclear is so recognised) and that the Paying Agent through which interest on the Notes, or the Exchange Notes, is actually paid will not be resident in Ireland and
will not carry on a trade in Ireland through a branch or agency; 

  

	 	2.9.	the accuracy and completeness of all information appearing on public records; 

  

	 	2.10.	that each Ireland Guarantor has entered into the transactions as disclosed by the Agreements in good faith, for its legitimate business purposes, for good consideration, and that it
derives commercial benefit from the transactions commensurate with the risks undertaken by it in the transactions; 

  

	            2.11. 
	 (a)       the offer and sale of the Notes and related Guarantees by the Seller to the Initial
Purchasers and the initial resale of the Notes and related Guarantees by the Initial Purchasers will be conducted in the manner described in and subject to the restrictions set out in the Offering Circular and the Purchase Agreement; and

  

	 	(b)	there will be no public offering in Ireland or elsewhere by means of any document other than the Offering Circular; and 

  

	 	(c)	any application form issued in connection therewith has attached to it the Offering Circular or indicates where the Offering Circular may be obtained or inspected; and

  

	 	2.12.	that each Initial Purchaser appointed under the Purchase Agreement, to the extent that its activities in relation to the offer and sale of the Notes and the related Guarantees will
constitute operating in Ireland and acting as an investment business firm is exempt from the requirement to have an authorisation to do so, or is acting under and within the terms of an authorisation to do so, which authorisation has been given by
the supervisory authority under the Investment Intermediaries Act, 1995 or a competent authority for the purposes of Council Directive 95/22/EC of 10th May, 1993 as amended or extended from time to time, in another member state.

  

	3.	We express no opinion as to any matters falling to be determined other than under the laws of Ireland and, without reference to provisions of other laws imported by Irish private
international law, in Ireland as of the date of this letter. Subject to that qualification and to the other qualifications set out herein, we are of the opinion that : 

  

	 	3.1.	each Ireland Guarantor is a company duly incorporated under the laws of Ireland and is a separate legal entity, subject to suit in its own name. Based only on searches carried out
in the Irish Companies Registration Office and the Central Office of the High Court on      November, 2003, each Ireland Guarantor is validly existing under the laws of Ireland and no steps have been taken or are being taken to
appoint a receiver, examiner or liquidator over it or to wind it up; 

  

	 	3.2.	each Ireland Guarantor has the necessary power and capacity to enter into the Agreements and, save for the 2002 Royalty Agreements which with your agreement, we express no opinion
as to due execution, all necessary corporate and other action has been taken, to enable each Ireland Guarantor to execute, 

  

 AVI-3 

	 	    	deliver and perform the obligations undertaken by it under the Operative Documents to which it is a party, including the Loan Agreement and the Feb 2002 Royalty Agreements.

  
 The implementation by each Ireland Guarantor of
the foregoing will not cause: 
  

	 	3.2.1.	any breach of its memorandum and articles of association or any limit on it or its directors (whether imposed on the documents constituting the relevant Ireland Guarantor or by
statute or regulation) to be exceeded; or 

  

	 	3.2.2.	any law or order to be contravened; 

  

	 	3.3.	the notations of Guarantee of each Ireland Guarantor to be endorsed on Stratus Technologies, Inc. new notes (the Exchange Notes) to be issued in exchange for the notes
pursuant to the registered exchange offer contemplated by the Registration Rights Agreement and/or included in the Indenture have been duly authorised by all necessary corporate and other action of each Ireland Guarantor; 

 

	 	3.4.	each of the Agreements (other than the 2002 Royalty Agreement on which we express no opinion as to due execution) to which an Ireland Guarantor is party, has been duly executed on
its behalf and the obligations on the part of such Ireland Guarantor under the Agreements are valid and legally binding on and are in a form capable of enforcement against such Ireland Guarantor under the laws of Ireland in the courts of Ireland, in
accordance with their terms; 

  

	 	3.5.	no authorisations, approvals, licences, exemptions or consents of governmental or regulatory authorities with respect to the agreements are required to be obtained in Ireland, or
for the use of proceeds from the issuance of the Notes by the Seller as described in the Offering Circular, except for such consent, approvals, authorisations, registrations or qualifications as may be required pursuant to Regulation 13 of the
European Communities (Stock Exchange) Regulations 1989 and statements in lieu of prospectus prepared by each Ireland Guarantor pursuant to Section 54 of the Companies Act, 1963, in each case for the Irish Registrar of Companies for registration;

  

	 	3.6.	the offer and sale of the Notes by the Seller to the Initial Purchaser and the initial resale of the Notes by the Initial Purchasers in the manner contemplated by, and in accordance
with the restrictions set out in the Purchaser Agreement and the Offering Circular) (including without limitation, with the benefit of the Guarantee) will not be in violation of any of the laws of Ireland relating to the issue of debentures, it
being understood that no opinion is expressed as to any subsequent resale of the Notes and or Guarantees; 

  

	 	3.7.	under the laws of Ireland in force at the date hereof, the claims against the Ireland Guarantors will rank at least pari passu with the claims of all other unsecured creditors,
except claims which rank at law as preferential claims in a winding up, examinership or receivership; 

  

	 	3.8.	it is not necessary or advisable under the laws of Ireland in order to ensure the validity, enforceability or priority of the obligations or rights of any party to the

  

 AVI-4 

	 	    	Agreements, that any of the Agreements be filed, registered, recorded other than the requirement to file the Statutory Declaration referred to in 1.2.3 above with the Companies
Registration Office within 21 days after the date on which the financial assistance is given; 

  

	 	3.9.	no Ireland Guarantor is entitled to claim any immunity from suit, execution, attachment or other legal process in Ireland; 

  

	 	3.10.	in any proceedings taken in Ireland for the enforcement of the Agreements governed by the law of the State of New York, or Cyprus in the case of the 2002 Royalty Agreement the
choice of the laws of the State of New York or Cyprus (as appropriate) as the governing law of such Agreements and the enforceability of such Agreements would be upheld by the Irish Courts; provided that evidence of the provisions of the laws
of the State of New York are adjudged and proved to the satisfaction of the Irish courts; and provided further that such choice of law is not considered contrary to public policy, illegal, or made in bad faith. As at the date hereof, and
subject to the statements made in this opinion, we are not aware of any circumstances concerning the transactions contemplated by the Agreements that would give rise to an Irish court holding that such transactions violate Irish public policy but it
should be noted that matters of public policy are constantly evolving; 

  

	 	3.11.	the submission by the parties to the non-exclusive jurisdiction of the courts of the State of New York in the Agreements (other than the 2002 Royalty Agreement) will be upheld by
the Irish courts; 

  

	 	3.12.	in any proceedings taken in Ireland for the enforcement of a judgment obtained against the Company in the courts of the State of New York or Cyprus (each a Foreign Judgment)
a Foreign Judgment should be recognised and enforced by the courts of Ireland save that to enforce such a Foreign Judgment in Ireland it would be necessary to obtain an order of the Irish courts. Such order should be granted on proper proof of the
Foreign Judgment without any re-trial or examination of the merits of the case subject to the following qualifications: 

  

	 	3.12.1.	that the foreign court had jurisdiction, according to the laws of Ireland; 

  

	 	3.12.2.	that the Foreign Judgment was not obtained by fraud; 

  

	 	3.12.3.	that the Foreign Judgment is not contrary to public policy or natural justice as understood in Irish law; 

  

	 	3.12.4.	that the Foreign Judgment is final and conclusive; 

  

	 	3.12.5.	that the Foreign Judgment is for a definite sum of money; and 

  

	 	3.12.6.	that the procedural rules of the court giving the Foreign Judgment have been observed. 

  

	 	    	Any such order of the Irish courts may be expressed in a currency other than euro in respect of the amount due and payable by an Ireland Guarantor but such order may be issued out
of the Central Office of the Irish High Court expressed in 

  

 AVI-5 

	 	    	euro by reference to the official rate of exchange prevailing on the date of issue of such order. However, in the event of a winding up of an Ireland Guarantor, amounts claimed by
against an Ireland Guarantor in a currency other than the euro (the Foreign Currency) would, to the extent properly payable in the winding up, be paid if not in the Foreign Currency in the euro equivalent of the amount due in the Foreign
Currency converted at the rate of exchange pertaining on the date of the commencement of such winding up; 

  

	 	3.13.	it is not necessary under the laws of Ireland (a) in order to enable each Initial Purchaser to enforce its rights under the Agreements or (b) by reason of the execution of the
Agreements, that it should be licensed, qualified or otherwise entitled to carry on business in Ireland; 

  

	 	3.14.	no ad valorem tax or duty, registration tax, stamp duty or any other similar tax or duty will be imposed by a competent authority of or within Ireland on, (1) the creation, issue or
delivery of the Notes and the related Guarantees in accordance with the terms of the Purchase Agreement and in the manner contemplated by the Offering Circular; (2) the execution and delivery of the Operative Documents; or (3) the performance of the
transactions as contemplated thereby provided that (i) such transactions described in 3.14 do not relate to Irish land or Irish stocks and marketable securities and (ii) the Note executed pursuant to the Loan Agreement is stamped prior to execution
with 15 cent (€0.15); 

  

	 	3.15.	there is no applicable usury or interest limitation law which may restrict the recovery of payments in accordance with the agreements; and 

  

	 	3.16.	Under the laws of Ireland in force at the date hereof, the Ireland Guarantors will not be obliged to make any deduction or withholding from any payment they may make pursuant to
Article XI Security Guarantees of the Indenture except, perhaps, to the extent that such payment constitutes “interest” with an Irish source or payable to Irish resident or ordinarily resident persons. If a withholding obligation is
imposed on an Ireland Guarantor in such circumstances, the holders of Notes may be able to claim exemption from the withholding under the terms of one of Ireland’s double tax agreements or under an Irish domestic law provision to the extent
they satisfy certain conditions. 

  

	4.	The opinions set forth in this opinion letter are given subject to the following qualifications: 

  

	 	4.1.	an order of specific performance or any other equitable remedy is a discretionary remedy and is not available when damages are considered to be an adequate remedy;

  

	 	4.2.	this opinion is given subject to general provisions of Irish law relating to insolvency, bankruptcy, liquidation, reorganisation, receivership, moratoria, court scheme of
arrangement, administration and examination, and the fraudulent preference of creditors and other Irish law generally affecting the rights of creditors; 

  

	 	4.3.	this opinion is subject to the general laws relating to the limitation of actions in Ireland; 

  

 AVI-6 

	 	4.4.	a determination, description, calculation, opinion or certificate of any person as to any matter provided for in the Agreements might be held by the Irish courts not to be final,
conclusive or binding if it could be shown to have an unreasonable, incorrect, or arbitrary basis or not to have been made in good faith; 

  

	 	4.5.	additional interest imposed by any clause of any Agreement might be held to constitute a penalty and the provisions of that clause imposing additional interest would thus be held to
be void. The fact that such provisions are held to be void would not in itself prejudice the legality and enforceability of any other provisions of the relevant Agreement but could restrict the amount recoverable by way of interest under such
Agreement; 

  

	 	4.6.	claims may be or become subject to defences of set-off or counter-claim; 

  

	 	4.7.	an Irish court has power to stay an action where it is shown that there is some other forum having competent jurisdiction which is more appropriate for the trial of the action, in
which the case can be tried more suitably for the interests of all the parties and the ends of justice, and where staying the action is not inconsistent with the Regulation; 

  

	 	4.8.	the enforceability of severance clauses is at the discretion of the court and may not be enforceable in all circumstances; 

  

	 	4.9.	a waiver of all defences to any proceedings may not be enforceable; 

  

	 	4.10.	provisions in any of the Agreements providing for indemnification resulting from loss suffered on conversion of the amount of a claim made in a foreign currency into euro in a
liquidation may not be enforceable; 

  

	 	4.11.	the undertaking contained in the Agreements by the Ireland Guarantors in respect of stamp duty may not be held to be binding on it; 

  

	 	4.12.	an Irish court may refuse to give effect to undertakings contained in any of the Agreements that the Ireland Guarantors will pay legal expenses and costs in respect of any action
before the Irish courts; 

  

	 	4.13.	any transfer of, or payment in respect of a guarantee of a Note involving any country which is currently the subject of an Order made by the Minister for Finance of Ireland
restricting financial transfers pursuant to the Financial Transfers Act, 1992 and all applicable Statutory Instrument may be subject to such restrictions prescribed by such Orders. Iraq, Mongolia, The Federal Republic of Yugoslavia, The Republic of
Serbia, Montenegro, Burma/Myanmar, Zimbabwe, Slobodan Milosevic and associated persons, Osama Bin Laden, Al-Quaida and the Taliban of Afghanistan are currently the subject of such an Order and any transfer of, or payment in respect of, a Note or a
guarantee issued in respect of a Note or any other of the agreements involving the government of any country which is currently the subject of United Nations sanctions, any person or body resident in, incorporated in, or constituted under the laws
of any such country or exercising public functions in any such country or any person or body controlled by any of the foregoing may be subject to restrictions pursuant to such sanctions as implemented in Irish law. 

  

 AVI-7 

	 	4.14.	we express no opinion on any taxation matters other than as expressly set out in paragraph 3.14 the contractual terms of the relevant documents other than by reference to the legal
character thereof. 

  
 This opinion is addressed only to the
Addressee and may be relied upon only by the Addressee for its sole benefit in connection with the transactions and may not be relied on by any assignees of any such persons or any other person. 
  
 Yours faithfully, 
  

 AVI-8 

 Schedule 1 
  
 Addressee 
  
 Goldman, Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 c/o Goldman Sachs & Co. 
 85 Broad Street 
 New York, NY10004 
  

 AVI-9 

 SCHEDULE 2 
  

AGREEMENTS 
  

	1.	Purchase Agreement dated November      2003 among Goldman Sachs & Company, J.P. Morgan Securities Inc., Stratus Technologies, Inc. (Seller) and
Stratus Technologies Ireland Limited and Stratus Research and Development Limited (each an Ireland Guarantor) and the other Guarantors as defined therein. 

  

	2.	Indenture dated the date hereof, among the Seller, the Ireland Guarantors, the other Guarantors and US Bank National Association as trustee. 

  

	3.	Registration Rights Agreement dated the date hereof, among the Seller, the Ireland Guarantors and the other Guarantors, Goldman Sachs & Co., as representatives of the several
Purchasers named in Schedule 1 to the Purchase Agreement. 

  

	4.	Loan Agreement dated the date hereof, between Seller (as lender) and Stratus Technologies Ireland Limited (as borrower) (the Loan Agreement). 

  

	5.	Loan Note dated the date hereof from Stratus Technologies Ireland Limited to Seller (the Note). 

  

	6.	Intangible Property Licence Agreement dated 2 February 2002 as amended from time to time between Stratus Technologies Ireland Limited and SRA Technologies Cyprus Ltd. (the 2002
Royalty Agreement). 

  

 AVI-10 

 ANNEX VII 
  

Opinion of Frederick S. Prifty 
  
 Goldman, Sachs & Co. 
 J.P. Morgan Securities Inc. 
 Fleet Securities, Inc. 
 c/o Goldman, Sachs & Co. 
 85 Broad Street 
 New York, New York 10004 
  
 Re: Stratus Technologies, Inc. 
  
 Ladies and Gentlemen: 
  
 I am General Counsel to Stratus Technologies, Inc., a Delaware corporation
(the “Issuer”), and am rendering this opinion in connection with the offering and sale by the Issuer of (i) $170,000,000 aggregate principal amount of its     % Senior Notes due 2008 (the
“Notes”) to you pursuant to a Purchase Agreement (the “Purchase Agreement”) dated November     , 2003 among the Issuer, Stratus Technologies International, S.à r.l., an entity
organized under the laws of Luxembourg, Stratus Equity S.à r.l., an entity organized under the laws of Luxembourg, SRA Technologies Cyprus, Ltd., an entity organized under the laws of Cyprus, Stratus Technologies Bermuda, Ltd, an entity
organized under the laws of Bermuda, Stratus Technologies Ireland Limited, an entity organized under the laws of Ireland, Stratus Research & Development Ltd., an entity organized under the laws of Ireland, Cemprus Technologies Inc., a Delaware
corporation, and Cemprus LLC, a Delaware limited liability company (each a “Guarantor” and collectively, the “Guarantors”), and you, as initial purchasers. 
  
 In connection with the opinion herein expressed, I have reviewed the final
Offering Circular dated November     , 2003 relating to the offering of the Notes (the “Final Circular”). In addition, I have examined originals, or copies certified or otherwise identified to my
satisfaction, of the following: 
  
 (i) the
Purchase Agreement; 
  
 (ii) the global Notes
issued by the Issuer on the date hereof pursuant to the Indenture and the Purchase Agreement (the “Notes”); 
  
 (iii) the Indenture, dated the date hereof, among the Issuer, the Guarantors and U.S. Bank National Association, as trustee (the
“Indenture”), including the guarantees of the Notes included therein (the “Guarantees”); and 
  
 (iv) the Registration Rights Agreement, dated the date hereof, among you, the Issuer and the Guarantors (the “Registration
Rights Agreement”). 
  
 The documents described under
the foregoing clauses (i) through (iv), together with the “Exchange Securities” referred to in the Purchase Agreement (the “Exchange Securities”) and the guarantees of the Exchange Securities by the Guarantors
included in the Indenture (the “Exchange Guarantees”), are referred to herein as the “Documents”. The Issuer and the Guarantors are collectively referred to herein as the
“Obligors”. 
  

 AVII-1 

 In rendering this opinion, I have made such inquiries and examined, among other things, originals or
copies, certified or otherwise identified to my satisfaction, of such records, agreements, certificates, instruments and other documents as I have considered necessary or appropriate for purposes of this opinion. As to certain factual matters, I
have relied to the extent I deemed appropriate and without independent investigation upon the representations and warranties of the Obligors in the Purchase Agreement. 
  
 Based on the foregoing and in reliance thereon, and subject to the assumptions, exceptions, qualifications and limitations
set forth herein, I am of the opinion that: 
  
 1. The issuance
of the Notes, Exchange Securities, Guarantees and Exchange Guarantees and the execution, delivery and performance by any Obligor of the Documents to which it is a party, do not and will not (A) result in a material breach of or material default
under any of the material contracts of the Obligors, taken as a whole, which are listed on Schedule A hereto (each a “Material Contract”), or (B) result in or require the creation or imposition of any lien or
encumbrance upon any assets of such Obligor under any Material Contract, other than Permitted Liens (as defined in the Indenture). 
  
 2. Other than as set forth in the Final Circular, there are no legal or governmental proceedings pending to which the Obligors are a party or of which any
property of the Obligors is the subject which, if determined adversely to the Obligors, would, individually or in the aggregate, have a material adverse effect on the current or future consolidated financial position, stockholders’ equity or
results of operations of the Obligors; and, to the best of my knowledge, no such proceedings are threatened or contemplated by governmental authorities or threatened by others. 
  
 The foregoing opinions are subject to the following exceptions, qualifications and limitations: 
  
 A. I render no opinion herein as to matters involving the laws of any
jurisdiction other than the Commonwealth of Massachusetts and the United States of America. This opinion is limited to the effect of the present state of the laws of the Commonwealth of Massachusetts and the United States of America. I assume no
obligation to revise or supplement this opinion in the event of future changes in such laws or the interpretations thereof. 
  
 B. I express no opinion with respect to the compliance by any Obligor with, or any financial calculations or data in respect of, financial covenants
included in any Material Contract. 
  
 The opinion expressed above
is solely for your benefit in connection with the transactions contemplated by the Documents and is not to be used for any other purpose, or, circulated, quoted or otherwise referred to for any purpose, without, in each case, my written permission,
except that U.S. Bank National Association, in its capacity as Trustee under the Indenture, may rely on my opinion above as if my opinion were addressed to it. 
  

			
	 	  	 Very truly yours,

		
	 	  	 Frederick S. Prifty, Esq.

  

 AVII-2 

 SCHEDULE A –MATERIAL CONTRACTS 
  

	1.	Lease by and between DEK Portfolio LLC and Stratus Computer, Inc. dated January 29, 1999, and Assignment and Assumption Agreement dated February 24, 1999 between DEK Portfolio LLC,
Stratus Computer, Inc. and Stratus Technologies, Inc. (f..k.a. Computer (DE), Inc.) for the premises at 111 Powdermill Road, Maynard, Massachusetts. 

  

	2.	Manufacturing Services and Product Supply Agreement between Benchmark Electronics, Inc., a Texas corporation, BEI Electronics Ireland Limited, a private unlimited company organized
under the laws of the Republic of Ireland and Stratus Technologies Ireland Limited dated February 27, 2002. 

  

	3.	Microsoft License Agreement for Server Operating System Products between Microsoft Licensing, Inc. and Stratus Technologies, Inc. effective March 1, 2003, which grants Stratus
license rights to the W2K and W2K3 family of Server OS Products. 

  

	4.	Letter of Assignment dated April 9, 2003 from Hewlett-Packard Company consenting to the assignment of the following agreements to DNCP Solution, LLC (k/n/a Cemprus LLC) between
Lucent Technologies Inc. and Hewlett-Packard Company respecting HP software programs and other products. 

  

	 	•	Agreement for Strategic Cooperation. 

  

	 	•	Trademark Licensing Agreement. 

  

	 	•	Technology Framework Agreement. 

  

	 	•	Commercial Framework Agreement. 

  

	5.	Manufacturing Agreement, dated as of April 14, 2000, effective as of June 16, 1999, and First Amendment dated April 30, 2002, between Solectron South Carolina, a South Carolina
corporation, and Stratus Technologies Ireland Ltd. 

  

	6.	Promissory Note in the amount of $9,450,000 dated April 30, 2002, from Cemprus, LLC (f/n/a DNCP Solution LLC), in favor of Lucent Technologies, Inc. 

  

	7.	Contracts and purchase orders with Intel Corporation for the supply of microprocessors for the Company’s ftServer computer systems. 

  

 AVII-3 

 ANNEX VIII 
  

Comfort Letter of PricewaterhouseCoopers LLP 
  

 AVIII-1 

 ANNEX IX 
  
 Chief Financial Officer Certificate 
  
 I, Robert C. Laufer, Senior Vice President of Finance and Chief Financial Officer of Stratus Technologies, Inc., a Delaware corporation
(the “Company”), hereby certify, in my capacity as an officer of the Company, that: 
  
 1. I have reviewed the minutes of the Company’s Board of Directors and the Audit and Finance Committee of the Board of Directors and
any letters to Company management provided by PricewaterhouseCoopers LLP during the past three years. 
  
 2. The consolidated balance sheets of the Company and its subsidiaries as of
[                    ], and the consolidated statements of earnings, shareowners’ equity and cash flows for each of the [two years] in the
period ended [                    ], and the related financial statement schedules all included in the offering circular dated
[                    ] (the “Offering Circular”) created for use in connection with the offering and sale of the Company’s
[                    ]: 
  
 a. Comply as to form in all material respects with the applicable accounting requirements of the Securities Act of 1933 (the
“Act”) and the related published rules and regulations; and 
  
 b. Present fairly, in all material respects, the financial position of the Company and subsidiaries at
[                    ], and the results of their operations and cash flows for each of the [two years] in the period ended
[                    ], in conformity with accounting principles generally accepted in the United States. 
  
 IN WITNESS WHEREOF, I have hereunto signed my name on this
[        ] day of [                    ], 2003. 
  

			
	 	 	 Stratus Technologies, Inc.

		
	 By:
	 	  

	 	 	 Name: Robert C. Laufer

	 	 	Title: Senior Vice President of Finance and Chief Financial Officer

  

 AIX-1Revolving Credit Agreement dated as of November 18, 2003

 EXHIBIT 10(c) 
  

 STRATUS TECHNOLOGIES, INC. 
  
 STRATUS TECHNOLOGIES INTERNATIONAL, S.À R.L. 
  

  
 REVOLVING CREDIT AGREEMENT 
  
 dated as of November 18, 2003 
  

  
 $30,000,000 
  
 Credit Facility 
  

 
 J.P. MORGAN SECURITIES INC. 
 and 
 GOLDMAN SACHS CREDIT PARTNERS L.P.,

  
 as Joint Lead Arrangers and Joint Bookrunners 
  
 GOLDMAN SACHS CREDIT PARTNERS L.P., 
 as Syndication Agent 
  
 and 
  
 JPMORGAN CHASE BANK, 
 as Administrative Agent 
  

					
	 SECTION 1.
	  	DEFINITIONS	  	1
			
	             1.1
	  	Defined Terms	  	1
	             1.2
	  	Other Definitional Provisions	  	24
			
	 SECTION 2.
	  	AMOUNT AND TERMS OF REVOLVING CREDIT COMMITMENTS	  	24
			
	             2.1
	  	Revolving Credit Commitments	  	24
	             2.2
	  	Revolving Commitment Fee	  	25
	             2.3
	  	Proceeds of Revolving Credit Loans	  	25
	             2.4
	  	Swing Line Commitment	  	25
	             2.5
	  	Issuance of Letters of Credit	  	27
	             2.6
	  	Participating Interests	  	27
	             2.7
	  	Procedure for Opening Letters of Credit	  	27
	             2.8
	  	Payments in Respect of Letters of Credit	  	27
	             2.9
	  	Letter of Credit Fees	  	28
	             2.10
	  	Letter of Credit Reserves	  	29
	             2.11
	  	Existing Letters of Credit	  	30
	             2.12
	  	Further Assurances	  	30
	             2.13
	  	Obligations Absolute	  	30
	             2.14
	  	Assignments	  	30
	             2.15
	  	Participations	  	31
			
	 SECTION 3.
	  	GENERAL PROVISIONS APPLICABLE TO LOANS	  	31
			
	             3.1
	  	Procedure for Borrowing	  	31
	             3.2
	  	Conversion and Continuation Options	  	32
	             3.3
	  	Changes of Commitment Amounts	  	32
	             3.4
	  	Optional and Mandatory Prepayments	  	33
	             3.5
	  	Interest Rates and Payment Dates	  	35
	             3.6
	  	Computation of Interest and Fees	  	35
	             3.7
	  	Certain Fees	  	36
	             3.8
	  	Inability to Determine Interest Rate	  	36
	             3.9
	  	Pro Rata Treatment and Payments	  	36
	             3.10
	  	Illegality	  	39
	             3.11
	  	Requirements of Law	  	39
	             3.12
	  	Indemnity	  	42
	             3.13
	  	Repayment of Loans; Evidence of Debt	  	42
	             3.14
	  	Replacement of Lenders	  	43
			
	 SECTION 4.
	  	REPRESENTATIONS AND WARRANTIES	  	43
			
	             4.1
	  	Financial Condition	  	43
	             4.2
	  	No Change	  	44
	             4.3
	  	Existence; Compliance with Law	  	44
	             4.4
	  	Power; Authorization	  	45
	             4.5
	  	Enforceable Obligations	  	45

					
	             4.6
	  	No Legal Bar	  	45
	             4.7
	  	No Material Litigation	  	46
	             4.8
	  	Investment Company Act	  	46
	             4.9
	  	Federal Regulation	  	46
	             4.10
	  	No Default	  	46
	             4.11
	  	Taxes	  	46
	             4.12
	  	Subsidiaries	  	47
	             4.13
	  	Ownership of Property; Liens	  	47
	             4.14
	  	ERISA	  	47
	             4.15
	  	Collateral Documents	  	48
	             4.16
	  	Copyrights, Patents, Permits, Trademarks and Licenses	  	49
	             4.17
	  	Environmental Matters	  	49
	             4.18
	  	Accuracy and Completeness of Information	  	50
	             4.19
	  	Holdings	  	50
			
	 SECTION 5.
	  	CONDITIONS PRECEDENT	  	50
			
	             5.1
	  	Conditions to Effectiveness	  	50
	             5.2
	  	Conditions to All Loans and Letters of Credit	  	53
			
	 SECTION 6.
	  	AFFIRMATIVE COVENANTS	  	53
			
	             6.1
	  	Financial Statements	  	53
	             6.2
	  	Certificates; Other Information	  	54
	             6.3
	  	Payment of Obligations	  	56
	             6.4
	  	Conduct of Business and Maintenance of Existence	  	56
	             6.5
	  	Maintenance of Property; Insurance	  	56
	             6.6
	  	Inspection of Property; Books and Records; Discussions	  	57
	             6.7
	  	Notices	  	57
	             6.8
	  	Environmental Laws	  	58
	             6.9
	  	Additional Collateral	  	59
			
	 SECTION 7.
	  	NEGATIVE COVENANTS	  	61
			
	             7.1
	  	Indebtedness	  	61
	             7.2
	  	Limitation on Liens	  	64
	             7.3
	  	Limitation on Contingent Obligations	  	66
	             7.4
	  	Prohibition of Fundamental Changes	  	67
	             7.5
	  	Prohibition on Sale of Assets	  	68
	             7.6
	  	Limitation on Investments, Loans and Advances	  	69
	             7.7
	  	Capital Expenditures	  	72
	             7.8
	  	Currency Agreements and Interest Rate Agreements	  	73
	             7.9
	  	Limitation on Dividends	  	73
	             7.10
	  	Transactions with Affiliates	  	74
	             7.11
	  	Limitation on Changes in Fiscal Year	  	75
	             7.12
	  	Limitation on Lines of Business	  	75
	             7.13
	  	Amendments to Certain Documents	  	75

  

 ii 

					
	             7.14
	  	Limitation on Prepayments and Amendments of Certain Debt	  	75
	             7.15
	  	Maintenance of Minimum Consolidated EBITDA.	  	75
			
	 SECTION 8.
	  	EVENTS OF DEFAULT	  	75
			
	 SECTION 9.
	  	THE AGENTS; THE ISSUING LENDER	  	78
			
	             9.1
	  	Appointment	  	78
	             9.2
	  	Delegation of Duties	  	79
	             9.3
	  	Exculpatory Provisions	  	79
	             9.4
	  	Reliance by Administrative Agent	  	79
	             9.5
	  	Notice of Default	  	80
	             9.6
	  	Non-Reliance on Administrative Agent and Other Lenders	  	80
	             9.7
	  	Indemnification	  	80
	             9.8
	  	Agent in its Individual Capacity	  	81
	             9.9
	  	Successor Administrative Agent	  	81
	             9.10
	  	Issuing Lender as Issuer of Letters of Credit	  	81
	             9.11
	  	The Syndication Agent and Joint Lead Arrangers	  	81
			
	 SECTION 10.
	  	MISCELLANEOUS	  	81
			
	             10.1
	  	Amendments and Waivers	  	81
	             10.2
	  	Notices	  	83
	             10.3
	  	No Waiver; Cumulative Remedies	  	84
	             10.4
	  	Survival of Representations and Warranties	  	84
	             10.5
	  	Payment of Expenses and Taxes	  	84
	             10.6
	  	Successors and Assigns; Participations and Assignments	  	86
	             10.7
	  	Adjustments; Set-off	  	89
	             10.8
	  	Counterparts	  	90
	             10.9
	  	Governing Law; No Third Party Rights	  	90
	             10.10
	  	Submission to Jurisdiction; Waivers	  	90
	             10.11
	  	Releases	  	91
	             10.12
	  	Interest	  	91
	             10.13
	  	Special Indemnification	  	92
	             10.14
	  	Permitted Payments and Transactions	  	92

  

 iii 

 SCHEDULES 
  

			
	 Schedule I
	  	List of Addresses for Notices; Lending Offices; Commitment Amounts
	 Schedule II
	  	Pricing Grid
	 Schedule 4.11
	  	Taxes
	 Schedule 4.12
	  	Subsidiaries
	 Schedule 4.13
	  	Fee and Leased Properties
	 Schedule 4.15(b)
	  	UCC Filing Offices
	 Schedule 4.16
	  	Trademarks and Copyrights
	 Schedule 7.1(a)
	  	Existing Indebtedness
	 Schedule 7.2(h)
	  	Existing Liens
	 Schedule 7.3(d)
	  	Existing Contingent Obligations
		
	 EXHIBITS
	  	 
		
	 EXHIBIT A
	  	Form of Assignment and Acceptance
	 EXHIBIT B
	  	Form of Collateral Agreement
	 EXHIBIT C-1
	  	Form of Parent Guarantee
	 EXHIBIT C-2
	  	Form of Subsidiary Guarantee
	 EXHIBIT D-1
	  	Form of Cyprus Pledge Agreement
	 EXHIBIT D-2
	  	Form of Ireland Pledge Agreement
	 EXHIBIT D-3
	  	Form of Luxembourg Pledge Agreement
	 EXHIBIT E
	  	Form of L/C Participation Certificate
	 EXHIBIT F
	  	Form of Swing Line Loan Participation Certificate
	 EXHIBIT G
	  	Form of Section 3.11(d)(2) Certificate
	 EXHIBIT H
	  	Form of Opinion of Gibson, Dunn & Crutcher LLP
	 EXHIBIT I-1
	  	Form of Opinion of Cyprus Counsel
	 EXHIBIT I-2
	  	Form of Opinion of Ireland Counsel
	 EXHIBIT I-3
	  	Form of Opinion of Luxembourg Counsel
	 EXHIBIT I-4
	  	Form of Opinion of Bermuda Counsel
	 EXHIBIT J
	  	Form of Borrower Closing Certificate
	 EXHIBIT K
	  	Form of Credit Parties Closing Certificate
	 EXHIBIT L
	  	Form of Borrowing Base Certificate

 REVOLVING CREDIT AGREEMENT, dated as of November 18, 2003, among STRATUS TECHNOLOGIES, INC., a Delaware
corporation (the “Borrower”), STRATUS TECHNOLOGIES INTERNATIONAL, S.À R.L., a company organized under the laws of Luxembourg (“HubCo”), the several lenders from time to time parties hereto (the
“Lenders”), J.P. MORGAN SECURITIES INC. and GOLDMAN SACHS CREDIT PARTNERS L.P. (“GSCP”), as joint lead arrangers and joint bookrunners (in such capacity, the “Joint Lead Arrangers”), GSCP, as
syndication agent (in such capacity, the “Syndication Agent”), and JPMORGAN CHASE BANK, a New York banking corporation, as administrative agent for the Lenders (“JPMCB”; in such capacity, the “Administrative
Agent”). 
  
 The parties hereto hereby agree as follows:

  
 SECTION 1. DEFINITIONS 
  
 1.1 Defined Terms. As used in this Agreement, the terms defined in
the caption hereto shall have the meanings set forth therein, and the following terms have the following meanings: 
  
 “Accounts”: as defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  
 “Acquired Capital
Expenditures”: as defined in Section 7.7. 
  
 “Acquired Person”: as defined in Section 7.7. 
  
 “Administrative Agent”: as defined in the Preamble hereto. 
  
 “Adjustment Date”: as defined in the Pricing Grid. 
  
 “Advance Rate”: (a) with respect to Eligible Accounts of (i) Tier 1 Foreign Entities and
Domestic Entities, 85%, and (ii) Tier 2 Foreign Entities, 25%, and (b) with respect to Eligible Inventory, 15%. 
  
 “Affiliate”: of any Person (a) any Person (other than a Subsidiary) which, directly or indirectly, is in control of, is
controlled by, or is under common control with such Person, or (b) any Person who is a director or officer (i) of such Person, (ii) of any Subsidiary of such Person or (iii) of any Person described in clause (a) above. For purposes of this
definition, control of a Person shall mean the power, direct or indirect, (x) to vote 25% or more of the securities having ordinary voting power for the election of directors of such Person, whether by ownership of securities, contract, proxy or
otherwise, or (y) to direct or cause the direction of the management and policies of such Person, whether by ownership of securities, contract, proxy or otherwise. 
  
 “Agents”: the collective reference to the Joint Lead Arrangers, the Syndication Agent and
the Administrative Agent. 
  
 “Agreement”: this Revolving Credit Agreement, as amended, supplemented or modified from time to time. 

 “Alternate Base Rate”: for any day, a rate per annum (rounded upwards,
if necessary, to the next 1/16 of 1%) equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1%. For purposes hereof: “Prime Rate” shall mean the rate of interest per annum publicly announced from time to time by the Administrative Agent as its prime
rate in effect at its principal office in New York City (the Prime Rate not being intended to be the lowest rate of interest charged by the Administrative Agent in connection with extensions of credit to debtors); and “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 which is a Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds
brokers of recognized standing selected by it. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such change in the
Prime Rate or the Federal Funds Effective Rate, respectively. 
  
 “Alternate Base Rate Loans”: Loans at such time as they are made and/or being maintained at a rate of interest based upon the Alternate Base Rate. 
  
 “Applicable Margin”: for each Type of Loan,
the rate per annum set forth under the relevant column heading below: 
  

							
	 	  	Alternate Base
Rate Loans

	 	 	Eurodollar
Loans

	 
	 Revolving Credit Loans:
	  	2.00	%	 	3.25	%
	 Swing Line Loans:
	  	2.00	%	 	Not applicable	 

  
 ; provided,
that on and after the first Adjustment Date, the Applicable Margin with respect to the Loans will be determined pursuant to the Pricing Grid. 
  
 “Asset Sale”: any sale, sale-leaseback, or other disposition by HubCo, the Borrower or any of their respective
Subsidiaries restricted by Section 7.5 of any of its property or assets, including the stock of any Subsidiary, except sales and dispositions permitted by Sections 7.5(a), (b), (c), (f), (g), and (i). 
  
 “Assignee”: as defined in Section 10.6(c).

  
 “Assignment and Acceptance”:
an assignment and acceptance substantially in the form of Exhibit A. 
  
 “Available Revolving Credit Commitment”: as to any Lender, at a particular time, an amount equal to (a) the amount of such Lender’s Revolving Credit Commitment at such time less (b) the
sum of (i) the aggregate unpaid principal amount at such time of all Revolving Credit Loans made by such Lender pursuant to Section 2.1, (ii) such 
  

 2 

 Lender’s Revolving Credit Commitment Percentage of the aggregate unpaid principal amount at such
time of all Swing Line Loans, provided that for purposes of calculating the Revolving Credit Commitments pursuant to Section 2.2 the amount referred to in this clause (ii) shall be zero, (iii) such Lender’s L/C Participating Interest in
the aggregate amount available to be drawn at such time under all outstanding Letters of Credit issued by the Issuing Lender and (iv) such Lender’s Revolving Credit Commitment Percentage of the aggregate outstanding amount of L/C Obligations;
collectively, as to all the Lenders, the “Available Revolving Credit Commitments”. 
  
 “Bankruptcy Code”: Title I of the Bankruptcy Reform Act of 1978, as amended and codified at Title 11 of the United States
Code. 
  
 “Board”: the Board of
Governors of the Federal Reserve System, together with any successor. 
  
 “Borrower”: as defined in the Preamble hereto. 
  
 “Borrowing Base”: on any date of determination, an amount, calculated initially based upon the Borrowing Base Certificate
delivered pursuant to Section 5.1 and thereafter upon the most recent Borrowing Base Certificate delivered pursuant to Section 6.2(g), equal to the sum (without duplication) of (a) the product of (i) the aggregate outstanding Eligible Accounts on
such date and (ii) the applicable Advance Rate and (b) the product of (x) the aggregate Eligible Inventory on such date and (y) the applicable Advance Rate. The Borrowing Base shall be determined by reference to the most recent monthly Borrowing
Base Certificate delivered to the Administrative Agent pursuant to Section 6.2(g); provided that each Borrowing Base Certificate shall remain in effect from and including the date on which such Borrowing Base Certificate is delivered, to, but
excluding the date on which the next Borrowing Base Certificate is delivered. 
  
 “Borrowing Base Certificate” a borrowing base certificate substantially in the form of Exhibit L. 
  
 “Borrowing Date”: any Business Day
specified in a notice pursuant to (a) Section 2.4 or 3.1 as a date on which the Borrower requests the Swing Line Lender or the Lenders to make Loans hereunder or (b) Section 2.5 as a date on which the Borrower requests the Issuing Lender to issue a
Letter of Credit hereunder. 
  
 “Business
Day”: a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to close. 
  
 “Capital Expenditures”: for any period, all amounts which would, in accordance with GAAP, be set forth as capital
expenditures (exclusive of any amount attributable to capitalized interest) on the consolidated statement of cash flows or other similar statement of Holdings and its Subsidiaries for such period but shall exclude (w) the amount of expenditures made
in respect of Section 7.6(h)(ii) in an aggregate amount not to exceed $7,500,000 in any fiscal year, (x) any expenditures made with the proceeds of condemnation or eminent domain proceedings affecting real property or with insurance proceeds, (y)
any expenditures made in connection with Section 7.6(g) or 7.6(h) and (z) 
  

 3 

 any expenditures reimbursed or paid by the landlord for the Borrower’s corporate headquarters
located in Maynard, Massachusetts; provided that any Capital Expenditures financed with the proceeds of any Indebtedness permitted hereunder (other than Indebtedness incurred hereunder) shall be deemed to be a Capital Expenditure only in the
period in which, and by the amount which, any principal of such Indebtedness is repaid. 
  
 “Capital Stock”: any and all shares, interests, participations or other equivalents (however designated) of capital stock
of a corporation, any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants or options to purchase any of the foregoing. 
  
 “Cash Equivalents”: (a) securities issued or directly and fully guaranteed or insured by
the government of (i) any of the United Kingdom, Switzerland, Sweden, the United States of America, Japan, France, Germany, Bermuda or any other member state of the European Union (as currently constituted), or (ii) any other state or country in
which HubCo or any of its Subsidiaries has operations in order to meet the cash management needs of HubCo or such Subsidiaries in such state or country in the ordinary course of business, provided that the investment is made by HubCo or the
Subsidiary having such operations, or (iii) any agency or instrumentality of any of the foregoing, or by any European Union central bank, and in each case having maturities of not more than one year from the date of acquisition; (b) certificates of
deposit and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case with any Lender or with any commercial
bank or trust company having capital and surplus in excess of $300,000,000; (c) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses (a) and (b) entered into with any financial
institution meeting the qualifications specified in clause (b) above; (d) commercial paper having the highest rating obtainable from S&P or Moody’s and in each case maturing within one year after date of acquisition; (e) readily marketable
direct obligations issued by any state of the United States or any political subdivision thereof having one of the two highest rating categories obtainable from either S&P or Moody’s; (f) investment funds investing 95% of their assets in
securities of the type described in clauses (a) through (e) above; and (g) indebtedness with a rating of “A” or higher from S&P or “A2” or higher from Moody’s. 
  
 “Cemprus Acquisition”: the purchase from
Platinum Equity, LLC of all the outstanding membership interests of Cemprus, LLC by the Borrower, through Cemprus Technologies, Inc. 
  
 “Change in Law”: with respect to any Lender, the adoption of, or change in, any law, rule, regulation, policy, guideline
or directive (whether or not having the force of law) or any change in the interpretation or application thereof by any Governmental Authority having jurisdiction over such Lender, in each case after the Effective Date. 
  
 “Change of Control”: shall be considered to
have occurred if: 
  

 4 

 (i) at any time prior to the first initial public offering by Holdings or HubCo of its
common (or other voting) stock: Investcorp or any of its Affiliates (provided that, for purposes of this definition only, the reference to 25% in the definition of Affiliate contained in Section 1.1 shall be deemed to be 51%) or Subsidiaries,
any Person that is a member of the management of Holdings or HubCo or any of their Subsidiaries, or any entity the majority of the equity ownership interests of which is owned by such management of Holdings or HubCo or its Subsidiaries, the
investors who are the initial holders of the Capital Stock of Holdings on the Effective Date, any employee benefit plan of Holdings or HubCo or any of its Subsidiaries or any participant therein, a trustee or other fiduciary holding securities under
any such employee benefit plan or any permitted transferee of any of the foregoing Persons (collectively, the “Initial Control Group”) shall cease to own, directly or indirectly, in the aggregate, more than 50% of the issued and
outstanding voting stock of Holdings or HubCo, free and clear of all Liens; 
  
 (ii) at any time after the first public offering by Holdings or HubCo of its common (or other voting) stock: if any Person (other than members of the Initial Control Group (or, for purposes of clause (y) below, their
designated board members)), whether singly or in concert with one or more Persons, shall, directly or indirectly, have acquired, or acquire the power (x)(A) to vote or direct the voting of 40% or more, on a fully diluted basis, of the outstanding
common stock of HubCo or Holdings, as the case may be, and (B) the Initial Control Group has the power, directly or indirectly, to vote or direct the voting of a lesser percentage, on a fully diluted basis, of the outstanding common stock of
Holdings or HubCo, as the case may be, than such other Person and does not have the right or ability by voting power, contract or otherwise to elect or designate for election a majority of the Board of Directors of Holdings or HubCo, as the case may
be or (y) to elect or designate for election a majority of the Board of Directors of HubCo or Holdings, as the case may be, by voting power, contract or otherwise; 
  
 (iii) Holdings shall cease to own all of the outstanding Capital Stock of HubCo other than pursuant to a
public offering by HubCo of it s common (or other voting) stock; 
  
 (iv) HubCo shall cease to own all of the outstanding Capital Stock of the Borrower; or 
  
 (v) a Specified Change of Control shall have occurred. 
  
 In the event of an IPO by HubCo, all references to “Holdings” in this Agreement and the other Credit Documents
(other than references in this definition and in Sections 4.1, 4.19 and 5.1) shall be deemed to be and shall be references to “HubCo”. In the event of an IPO by HubCo, Holdings shall be released from all of its obligations under the Credit
Documents. 
  
 “Code”: the
Internal Revenue Code of 1986, as amended from time to time. 
  
 “Collateral”: all assets of the Credit Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document. 
  

 5 

 “Collateral Agreement”: the Collateral Agreement, substantially in the
form of Exhibit B, made by HubCo, the Borrower, Stratus Equity S.à r.l., Status Technologies Cyprus Limited, Stratus Bermuda, the R&D Company, Stratus Research & Development Limited, Cemprus Technologies, Inc. and Cemprus, LLC in
favor of the Administrative Agent, for the ratable benefit of the Lenders, as the same may be amended, modified or supplemented from time to time. 
  
 “Commercial L/C”: a commercial documentary Letter of Credit under which the Issuing Lender agrees to make payments in
Dollars for the account of the Borrower, on behalf of the Borrower or a Subsidiary of the Borrower, in respect of obligations of the Borrower or such Subsidiary in connection with the purchase of goods or services in the ordinary course of business.

  
 “Commitment”: as to any
Lender at any time, such Lender’s Swing Line Commitment, and/or Revolving Credit Commitment; collectively, as to all the Lenders, the “Commitments”. 
  
 “Commonly Controlled Entity”: an entity, whether or not incorporated, which is under common
control with HubCo within the meaning of Section 4001 of ERISA or is part of a group which includes HubCo and which is treated as a single employer under Section 414(b) or (c) of the Code. 
  
 “Consolidated EBITDA”: for any period, the
Consolidated Net Income of Holdings and its Subsidiaries for such period, plus, without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (a) total income tax
expense, (b) interest expense, amortization or write-off of debt discount and debt issuance costs and commissions, discounts, redemption premium and other fees and charges associated with the Loans, letters of credit permitted hereunder or Financing
Leases (including commitment fees and other periodic bank charges) or the repayment of any Indebtedness of Holdings or its Subsidiaries permitted hereunder, and net costs associated with Currency Agreements or Interest Rate Agreements to which the
Borrower is a party in respect of the Loans, (c) depreciation and amortization expense, (d) franchise taxes, (e) research and development expenses related to co-development projects funded in advance by third parties and scheduled in reasonable
detail acceptable to the Administrative Agent in the compliance certificates required by Section 6.1(d), (f) up to $1,000,000 of reasonable expenses and charges recorded in connection with the Cemprus Acquisition through the quarter ended May 31,
2003, (g) charges recorded through the quarter ended August 31, 2003 in an amount up to $3,000,000 relating to the headcount reductions and severance payments in connection with the Cemprus Acquisition, (h) management fees paid as contemplated by
Section 10.14, (i) expenses and charges related to the consummation of any equity offering, (j) costs of surety bonds, (k) amortization of inventory write-up under SFAS 141 and amortization of intangibles (including, but not limited to, goodwill and
organization costs), (l) non-cash amortization of management fees, (m) dividends paid in respect of any Capital Stock of Holdings (including, but 
  

 6 

 
not limited to, all cash dividend payments on any series of preferred stock), (n) expenses related to the consummation of any merger, acquisition, joint
venture or other investment permitted hereunder (including, but not limited to, reasonable expenses recorded through the quarter ended February 29, 2004 in connection with the Transactions), and (o) charges recorded in an amount up to $1,000,000
relating to headcount reductions and severance payments made in connection with the Marathon Acquisition; provided that (i) the cumulative effect of a change in accounting principles (effected either through cumulative effect adjustment or a
retroactive application) shall be excluded, (ii) the impact of foreign currency hedging transactions in the ordinary course of business and non-cash balance sheet foreign currency translation gains or losses in the ordinary course of business shall
be excluded, (iii) any non-cash compensation expense realized as a result of grants of performance shares, stock options or other similar rights to officers, directors and employees of Holdings or any of its Subsidiaries shall be excluded, and (iv)
all other extraordinary or non-recurring gains, losses, charges or reserves (including, but not limited to, extraordinary or non-recurring write-offs and write-downs) in accordance with GAAP (including, whether or not otherwise includable as a
separate item in the statement of such Consolidated Net Income for such period, gains and losses on the sales of assets outside of the ordinary course of business) shall be excluded, provided that (x) to the extent cash payments are made in
respect of any such loss, charge or reserve in the period in which such loss, charge or reserve is recorded or any such cash payments are made in any future period, Consolidated EBITDA for such period shall be reduced by the amount of any such
payment and (y) to the extent that any such reserve is reversed in any future period, Consolidated EBITDA for such period shall be reduced by the amount of such reversal to the extent previously added thereto. 
  
 “Consolidated Indebtedness”: at a
particular date, all Indebtedness (other than Indebtedness described in clauses (b) or (c) of the definition of “Indebtedness” included in this Section 1.1) of Holdings and its Subsidiaries determined on a consolidated basis in accordance
with GAAP at such date. 
  
 “Consolidated
Net Income”: for any period, net income of Holdings and its Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided that: (i) the net income (but not loss) of any Person that is not a Subsidiary or that is
accounted for by the equity method of accounting shall be included only to the extent of the amount of dividends or distributions paid in cash to Holdings or a wholly-owned Subsidiary and (ii) the net income of any Subsidiary shall be excluded to
the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that net income is prohibited or not permitted at the date of determination. 
  
 “Contingent Obligation”: as to any Person, any obligation of such Person guaranteeing or in
effect guaranteeing any Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person,
whether or not contingent (a) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment of any such primary obligation or (ii) to
maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such
primary obligation of the ability of the primary obligor to 

  

 7 

 
make payment of such primary obligation or (d) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof;
provided, that the term Contingent Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Contingent Obligation shall be deemed to be an amount equal to the
stated or determinable amount (based on the maximum reasonably anticipated net liability in respect thereof as determined by the Borrower in good faith) of the primary obligation or portion thereof in respect of which such Contingent Obligation is
made or, if not stated or determinable, the maximum reasonably anticipated net liability in respect thereof (assuming such Person is required to perform thereunder) as determined by the Borrower in good faith. 
  
 “Contractual Obligation”: as to any Person,
any provision of any security issued by such Person or of any agreement, instrument or undertaking to which such Person is a party or by which it or any of the property owned by it is bound. 
  
 “Credit Documents”: the collective
reference to this Agreement, the Notes, the Security Agreements, the Mortgages and the Guarantees. 
  
 “Credit Parties”: the collective reference to Holdings, HubCo, the Borrower and each of their respective direct and
indirect Subsidiaries other than any Foreign Subsidiaries of the Borrower (or any other United States Person). 
  
 “Currency Agreement”: any foreign exchange contract, currency swap agreement or other similar agreement or arrangement.

  
 “Cyprus Pledge Agreement”
the Deed of Share Pledge, substantially in the form of Exhibit D-1, made by HubCo in favor of the Administrative Agent, for the ratable benefit of the Lenders, as the same may be amended, modified or supplemented from time to time. 
  
 “Default”: any of the events specified in
Section 8, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied. 
  
 “Dollars” and “$”: refers to lawful money of the United States. 
  
 “Domestic Entity”: each Domestic Subsidiary
directly or indirectly wholly-owned by HubCo, including, without limitation the Borrower. 
  
 “Domestic Subsidiary”: as to any Person, any Subsidiary of such Person other than a Foreign Subsidiary of such Person.

  
 “Effective Date”: the date
(which shall be on or prior to November 26, 2003) on which the conditions set forth in Section 5.1 shall be satisfied or waived. 
  

 8 

 “Eligible Accounts”: at a particular date, all Accounts of any
Subsidiary arising in the ordinary course of business; provided that the following shall not constitute Eligible Accounts: 
  
 (a) Accounts which are outstanding more than (x) with respect to Specified Accounts, 120 days and (y) with respect to all other Accounts,
90 days past the earlier of (i) the date of shipment of the goods or the rendition of the services giving rise thereto or (ii) the date of the invoice therefor. For the purposes of this definition, “Specified Accounts” shall mean Accounts
originating in Italy, Spain or the Far East, including without limitation, Hong Kong, Singapore, Japan, Korea, Thailand, Indonesia, Taiwan and the Philippines; 
  

(b) Accounts owed by an obligor, if 50% or more of the Dollar amount of all Accounts owing by such obligor are ineligible under the
criteria set forth in clause (a) above; 
  
 (c)
Accounts which are owed by an obligor which is an Affiliate or employee of any Holdings or any of its Subsidiaries; 
  
 (d) Accounts which are pre-petition liabilities owed by an obligor which has taken any of the actions or suffered any of the events of the
kind described in Section 8(f); 
  
 (e) Accounts
(i) upon which the applicable Subsidiary’s right to receive payment is not absolute or is contingent upon the fulfillment of any condition whatsoever or (ii) as to which the applicable Subsidiary is not able at the time it intends to seek
judicial recourse with respect to such Account to bring suit or otherwise enforce its remedies against the account debtor through judicial process or (iii) if the Account represents a progress billing consisting of an invoice for goods sold or used
or services rendered pursuant to a contract under which the account debtor’s obligation to pay that invoice is subject to the applicable Subsidiary’s completion of further performance under such contract or is subject to the equitable lien
of a surety bond issuer; 
  
 (f) any Account to
the extent that any defense, counterclaim, setoff or dispute is asserted as to such Account or any portion thereof; 
  
 (g) any Account that is not a true and correct statement of bona fide obligation incurred in the amount of the Account for merchandise
sold to or services rendered and accepted by the applicable account debtor; 
  
 (h) any Account that arises with respect to goods which are delivered on a bill-and-hold, cash-on-delivery basis or placed on consignment, guaranteed sale or other terms by reason of which the payment by the account
debtor is or may be conditional; 
  
 (i) any
Account as to which any of the representations or warranties pertaining to Accounts set forth in this Agreement is untrue in any material respect; or 
  
 (j) Accounts (i) which are not bona fide, valid and legally enforceable obligations of the parties thereto or the account debtor in
respect thereof and which do not arise from the sale and delivery of Inventory or the rendition of services in the ordinary course of business to such parties or account debtors, (ii) as to which either the applicable Subsidiary or, to the best of
the applicable Subsidiary’s knowledge, any other 

  

 9 

 
party to such Account is in default in the performance or observance of any of the material terms thereof, (iii) which are not solely owned by the applicable
Subsidiary (subject to the Liens created under the Collateral Agreement), (iv) in which the applicable Subsidiary (1) has not granted a valid and continuing first priority Lien under U.S. law in favor of the Administrative Agent for the benefit of
the Lenders to the extent required by the Collateral Agreement or (2) does not have good and marketable title, free and clear of any and all Liens (except inchoate or similar Liens, Liens permitted by Section 7.2 and Liens created under the
Collateral Agreement) or rights of others enforceable as such against all other Persons, (v) as to which all action necessary under applicable U.S. law and required by this Agreement or the Collateral Agreement to protect and perfect such lien and
security interest has not been duly taken, (vi) as to which any amounts payable under or in connection therewith are evidenced by promissory notes or other instruments except (1) instruments which constitute a part of chattel paper and which have
been individually marked to show the Liens granted pursuant to the Collateral Agreement and (2) instruments which have been delivered to the Administrative Agent and (vii) as to which any security agreement, financing statement, equivalent security
or lien instrument or continuation statement is on file or of record in any public office, except such as may have been filed in favor of the Administrative Agent, provided that (x) the Accounts of any Foreign Subsidiary of any Domestic
Entity shall not be excluded from Eligible Accounts solely on the basis that a security interest in such Accounts has not been granted in favor of the Administrative Agent for the benefit of the Lenders (or that actions required to perfect such
security interest have not been taken) and (y) the Accounts of any Foreign Entity shall not be excluded from Eligible Accounts solely on the basis that actions required to perfect such security interest under the laws of any jurisdiction outside the
United States of America have not been taken. 
  
 “Eligible Inventory”: at a particular date, all Inventory of any Tier 1 Foreign Entity or any Domestic Entity (for the purposes of this definition, each an “Inventory Subsidiary”); provided that the
following shall not constitute Eligible Inventory: 
  
 (a) Inventory (i) which is not solely owned by an Inventory Subsidiary; or (ii) which is not located on property owned or leased by an Inventory Subsidiary or in a contract warehouse or located at an outside contractor or with an electronic
manufacturing services (“EMS”) provider, provided that the preceding subclause (ii) shall not apply to Inventory as to which the Borrower has provided evidence, reasonably satisfactory to the Administrative Agent, demonstrating the
Borrower’s compliance with applicable law relating to consignments and the continuing first and second priority status of the Liens on such Inventory granted to the Administrative Agent pursuant to the Guarantee and Collateral Agreement;

  
 (b) Inventory as to which the applicable
Inventory Subsidiary (i) has not granted a valid and continuing first priority Lien under U.S. law in favor of the Administrative Agent for the benefit of the Lenders pursuant to the Collateral Agreement or (ii) does not have good and marketable
title, free and clear of any and all Liens (other than inchoate or similar Liens, Liens permitted by Section 7.2 and Liens created pursuant to the Collateral Agreement); provided that Inventory of any Foreign Entity shall not be excluded from
Eligible Inventory solely on the basis that actions required to perfect such security interest under the laws of any jurisdiction outside the United States of America have not been taken; 
  

 10 

 (c) Inventory as to which any security agreement, financing statement, equivalent
security or lien instrument or continuation statement is on file or of record in any public office, except such as may have been filed in favor of the Administrative Agent; 
  
 (d) Inventory which constitutes any supplies consisting of display items (which, for the avoidance of doubt,
shall not include “loaners”), goods returned or rejected by the customers of the applicable Inventory Subsidiary (other than goods that are undamaged and resalable in the ordinary course of business), goods to be returned to the suppliers
of the applicable Inventory Subsidiary or goods in transit to third parties (other than the agents or warehouses of the applicable Inventory Subsidiary and excluding field change orders or selective change orders);  
  
 (e) Inventory which is placed on consignment (other than
Inventory located with EMS providers), unless the Borrower has provided evidence, reasonably satisfactory to the Administrative Agent, demonstrating the applicable Inventory Subsidiary’s compliance with applicable law relating to consignments
and the continuing first priority status of the Liens on such Inventory granted to the Administrative Agent for the benefit of the Lenders pursuant to the Collateral Agreement; 
  
 (f) Inventory which is not of a type held for sale in the ordinary course of the applicable Inventory
Subsidiary’s business; 
  
 (g) Inventory as
to which the Liens created by the Collateral Agreement are not first priority perfected Liens under U.S. law granted to the Administrative Agent for the benefit of the Lenders; provided that Inventory of any Foreign Entity shall not be
excluded from Eligible Inventory solely on the basis that actions required to perfect such security interests under the laws of any jurisdiction outside the United States of America have not been taken; 
  
 (h) Inventory as to which any of the representations or
warranties pertaining to Inventory set forth in this Agreement or any other Loan Document is untrue in any material respect; or 
  
 (i) Inventory which is not covered by casualty insurance required to be maintained pursuant to Section 6.5(b). 
  
 “Environmental Laws”: any and all foreign,
Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees or requirements of any Governmental Authority or requirements of law (including, without limitation, common law) regulating or imposing
liability or standards of conduct concerning environmental or public health protection matters, including, without limitation, Hazardous Materials, as now or may at any time hereafter be in effect. 
  

 11 

 “Environmental Permits”: any and all permits, licenses, registrations,
notifications, exemptions and any other authorizations required under any Environmental Law. 
  
 “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to time. 
  
 “Eurocurrency Reserve Requirements”: for
any day as applied to a Eurodollar Loan, the aggregate (without duplication) of the rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including, without limitation, basic, supplemental, marginal and emergency
reserves under any regulations of the Board or other Governmental Authority having jurisdiction with respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency
Liabilities” in Regulation D of such Board) maintained by a member bank of such System. 
  
 “Eurodollar Base Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, the rate
per annum determined on the basis of the rate for deposits in Dollars for a period equal to such Interest Period commencing on the first day of such Interest Period appearing on Page 3750 of the Telerate screen as of 11:00 A.M., London time, two
Business Days prior to the beginning of such Interest Period. In the event that such rate does not appear on Page 3750 of the Telerate screen (or otherwise on such screen), the “Eurodollar Base Rate” for purposes of this definition
shall be determined by reference to such other comparable publicly available service for displaying eurodollar rates as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate at which the
Administrative Agent is offered Dollar deposits at or about 11:00 A.M., New York City time, two Business Days prior to the beginning of such Interest Period in the interbank eurodollar market where its eurodollar and foreign currency and exchange
operations are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein. 
  
 “Eurodollar Lending Office”: as to any Lender the office of such Lender which shall be making or maintaining Eurodollar
Loans. 
  
 “Eurodollar Loans”:
Loans at such time as they are made and/or being maintained at a rate of interest based upon a Eurodollar Rate. 
  
 “Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum
determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): 
  

	
	 Eurodollar Base Rate

	1.00—Eurocurrency Reserve Requirements

  
 “Event of Default”: any of the events specified in Section 8, provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied. 
  

 12 

 “Existing Credit Agreement”: the Amended and Restated Credit Agreement,
dated as of December 21, 2000, among the Borrower, HubCo, the several lenders from time to time parties thereto, Fleet National Bank, as Documentation Agent and JPMCB, as Administrative Agent, as amended. 
  
 “Fee Property”: as defined in Section 4.13.

  
 “Financing Lease”: (a) any
lease of property, real or personal, the obligations under which are capitalized on a consolidated balance sheet of Holdings and its consolidated Subsidiaries and (b) any other such lease to the extent that the then present value of any rental
commitment thereunder should, in accordance with GAAP, be capitalized on a balance sheet of the lessee. 
  
 “Foreign Entity”: HubCo and each Foreign Subsidiary of HubCo. 
  
 “Foreign Subsidiary”: as to any Person, any
Subsidiary of such Person which is not organized under the laws of the United States or any state thereof or the District of Columbia. 
  
 “GAAP”: generally accepted accounting principles in the United States in effect from time to time. 
  
 “GSCP”: as defined in the preamble.

  
 “Governmental Authority”:
any nation or government, any state or other political subdivision thereof or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
  
 “Guarantees”: the collective reference to
the Parent Guarantee, the Subsidiary Guarantee and any guarantee which may from time to time be executed and delivered by a Subsidiary pursuant to Section 6.9. 
  

“Hazardous Materials”: any hazardous materials, hazardous wastes, hazardous pesticides or hazardous or toxic
substances, and any other material that may give rise to liability under any Environmental Law, including, without limitation, asbestos, petroleum, any other petroleum products (including gasoline, crude oil or any fraction thereof), polychlorinated
biphenyls and urea-formaldehyde insulation. 
  
 “Holdings”: Stratus Technologies Group, S.A. 
  
 “HubCo”: as defined in the Preamble hereto. 
  
 “Indebtedness”: of a Person, at a particular date, (a) all indebtedness of such Person for borrowed money or for the
deferred purchase price of property or services, (b) the undrawn face amount of all letters of credit issued for the account of such Person and, without duplication, all drafts drawn thereunder and unpaid reimbursement obligations with respect
thereto, (c) all liabilities (other than Lease Obligations and liabilities in connection with reserves established in accordance with GAAP) secured by 

  

 13 

 
any Lien on any property owned by such Person, even though such Person has not assumed or become liable for the payment thereof, (d) Financing Leases and (e)
all indebtedness of such Person arising under acceptance facilities, but excluding (i) trade and other accounts payable and accrued expenses payable in the ordinary course of business which are not overdue for a period of more than 90 days or, if
overdue for more than 90 days, as to which a dispute exists and adequate reserves in conformity with GAAP have been established on the books of such Person and (ii) letters of credit supporting the purchase of goods in the ordinary course of
business and expiring no more than six months from the date of issuance; provided that obligations in respect of Currency Agreements and Interest Rate Agreements shall not be included in this definition. 
  
 “Insolvency”: with respect to any
Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA. 
  
 “Insolvent”: pertaining to a condition of Insolvency. 
  
 “Interest Payment Date”: (a) as to Alternate Base Rate Loans, the last day of each March,
June, September and December, commencing on the first such day to occur after any Alternate Base Rate Loans are made or any Eurodollar Loans are converted to Alternate Base Rate Loans, (b) as to any Eurodollar Loan in respect of which the Borrower
has selected an Interest Period of one, two or three months, the last day of such Interest Period and (c) as to any Eurodollar Loan in respect of which the Borrower has selected a longer Interest Period than the periods described in clause (b), the
last day of each three calendar month interval during such Interest Period and, in addition, the last day of such Interest Period. 
  
 “Interest Period”: with respect to any Eurodollar Loan: 
  
 (a) initially, the period commencing on, as the case may be, the Borrowing Date or conversion date with
respect to such Eurodollar Loan and ending one, two, three or six months thereafter (or, if and when available to all the relevant Lenders, nine or twelve months thereafter) as selected by the Borrower in its notice of borrowing as provided in
Section 3.1 or its notice of conversion as provided in Section 3.2; and 
  
 (b) thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six months thereafter (or, if and when available to all the
relevant Lenders, nine or twelve months thereafter) as selected by the Borrower by irrevocable notice to the Administrative Agent not less than three Business Days prior to the last day of the then current Interest Period with respect to such
Eurodollar Loan; 
  
 provided that the foregoing
provisions relating to Interest Periods are subject to the following: 
  
 (A) if any Interest Period would otherwise end on a day which is not a Business Day, that Interest Period shall be extended to the next succeeding Business Day, unless the result of such extension would be to carry
such Interest Period into another calendar month, in which event such Interest Period shall end on the immediately preceding Business Day; 
  

 14 

 (B) any Interest Period that would otherwise extend beyond the Revolving Credit
Termination Date shall end on the Revolving Credit Termination Date, or if the Revolving Credit Termination Date shall not be a Business Day, on the next preceding Business Day; 
  
 (C) if the Borrower shall fail to give notice as provided above in clause (b), it shall be deemed to have
selected a conversion of a Eurodollar Loan into an Alternate Base Rate Loan (which conversion shall occur automatically and without need for compliance with the conditions for conversion set forth in Section 3.2); 
  
 (D) any Interest Period that begins on the last day of a
calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and 
  
 (E) the Borrower shall select Interest Periods so as not to
require a prepayment (to the extent practicable) or a scheduled payment of a Eurodollar Loan during an Interest Period for such Eurodollar Loan. 
  
 “Interest Rate Agreement”: any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement
or other similar agreement or arrangement. 
  
 “International Standby Practices”: the International Standby Practices, International Chamber of Commerce Publication No. ISP98, as the same may be effectively replaced in whole or in part or amended from time to time.

  
 “Inventory”: as defined in
the Uniform Commercial Code as in effect on the date hereof in the State of New York. 
  
 “Investcorp”: Investcorp S.A., a Luxembourg corporation. 
  
 “Investment Grade Securities”: (i) securities issued or directly and fully guaranteed or
insured by the United States government or any agency or instrumentality thereof (other than Cash Equivalents), (ii) debt securities or debt instruments with a rating of BBB- or higher by S&P or Baa3 by Moody’s or the equivalent of such
rating by such rating organization, or if no rating of S&P or Moody’s then exists, the equivalent of such rating by any other nationally recognized securities rating agency, but excluding any debt securities or instruments constituting
loans or advances among Holdings and its Subsidiaries and (iii) investments in any fund that invests exclusively in investments of the type described in clauses (i) and (ii) which fund may also hold immaterial amounts of cash pending investment
and/or distribution. 
  

 15 

 “Investors”: (i) Investcorp, certain of its affiliated entities and
other international investors arranged by Investcorp and (ii) the shareholders of Holdings on the Effective Date. 
  
 “IPO”: as to any Person, any sale by such Person through a public offering of its common (or other voting) stock pursuant
to an effective registration statement (other than a registration statement on Form S-4 (except for purposes of Section 7.14), S-8 or any successor or similar form) filed under the Securities Act of 1933, as amended. 
  
 “Ireland Pledge Agreement”: the Pledge
Agreements, substantially in the form of Exhibit D-2, made by (A) HubCo and (B) the R&D Company, each in favor of the Administrative Agent, for the ratable benefit of the Lenders, as the same may be amended, modified or supplemented from time to
time. 
  
 “Issuing Lender”:
collectively, JPMCB and any of its Affiliates, as issuer of the Letters of Credit; with respect to any Letter of Credit, the term “Issuing Lender” shall mean the Issuing Lender with respect to such Letter of Credit. 
  
 “Joint Lead Arrangers”: as defined in the
Preamble. 
  
 “JPMCB”: as
defined in the preamble. 
  
 “L/C
Application”: as defined in Section 2.5(a). 
  
 “L/C Obligations”: the obligations of the Borrower to reimburse the Issuing Lender for any payments made by the Issuing Lender under any Letter of Credit that have not been reimbursed by the Borrower pursuant to Section
2.8(a). 
  
 “L/C Participating
Interest”: an undivided participating interest in the face amount of each issued and outstanding Letter of Credit and the L/C Application relating thereto. 
  
 “L/C Participation Certificate”: a certificate in substantially the form of Exhibit E.

  
 “Lease Obligations”: as of
the date of any determination thereof, the rental commitments of HubCo and its Subsidiaries determined on a consolidated basis in accordance with GAAP, if any, under leases for real and/or personal property (net of rental commitments from sub-leases
thereof), excluding however, obligations under Financing Leases. 
  
 “Leased Properties”: as defined in Section 4.13. 
  
 “Lenders”: as defined in the Preamble hereto. 
  
 “Letters of Credit”: the collective reference to the Commercial L/Cs and the Standby L/Cs;
individually, a “Letter of Credit”. 
  

 16 

 “Leverage Ratio”: at the last day of any fiscal quarter of Holdings, the
ratio of Consolidated Indebtedness as of such day to Consolidated EBITDA for the period of twelve months ending on such day; provided that, with respect to any acquisition permitted by Section 7.6(g), the last four fiscal quarters of
Consolidated EBITDA (as may be adjusted for post acquisition cost savings reasonably agreed to by the Borrower and the Administrative Agent) of the acquired company shall be added for the purposes of calculating this ratio; provided that, for
purposes of calculating the Leverage Ratio, the unencumbered (other than Liens permitted pursuant to Section 7.2 (other than Sections 7.2(i) (only to the extent such Lien is in respect of cash and Cash Equivalents specifically securing Indebtedness
in respect of one or more Commercial L/Cs and not all Indebtedness under this Agreement generally), 7.2(l), 7.2(n) and 7.2(q) cash and Cash Equivalents balances of Holdings and its Subsidiaries on such date shall be deducted from the amount of
Consolidated Indebtedness on such date, provided further that the amount of cash and Cash Equivalents permitted to be deducted pursuant to the immediately preceding proviso, (i) in the case Tier 1 Foreign Entities and Domestic
Entities, shall be reduced by the amount the aggregate Revolving Credit Loans outstanding as of such day exceeds $5,000,000 and (ii) in the case of Tier 2 Foreign Entities, shall not exceed $10,000,000. 
  
 “Lien”: any mortgage, pledge,
hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, any conditional
sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any financing statement under the Uniform Commercial Code or comparable law of any jurisdiction in
respect of any of the foregoing, except for the filing of financing statements in connection with Lease Obligations incurred by HubCo or its Subsidiaries to the extent that such financing statements relate to the property subject to such Lease
Obligations). 
  
 “Loans”: the
collective reference to the Swing Line Loans, and the Revolving Credit Loans; individually, a “Loan”. 
  
 “Lucent Note”: the unsecured note in the principal amount of $9,450,000 made by Cemprus, LLC in favor of Lucent
Technologies, Inc., as amended from time to time in accordance with the terms of this Agreement. 
  
 “Luxembourg Pledge Agreement”: the Pledge Agreements, substantially in the form of Exhibit D-3, made by (A) Holdings and
(B) HubCo, each in favor of the Administrative Agent, for the ratable benefit of the Lenders, as the same may be amended, modified or supplemented from time to time. 
  
 “Marathon Acquisition”: the purchase of substantially all of the Capital Stock or assets of
Marathon Technologies Corporation by HubCo, the Borrower or any of their Subsidiaries. 
  

 17 

 “Marketing Services Agreement”: (a) the Marketing and Support Services
Agreement, dated as of February 25, 2002, entered into among the Borrower and the R&D Company and (b) the Management and Administrative Services Agreement, dated as of February 11, 2003, entered into among Cemprus LLC and the Borrower, as each
may be amended, modified or supplemented from time to time. 
  
 “Moody’s”: Moody’s Investors Service, Inc. 
  
 “Mortgaged Properties”: (a) the Real Property designated as “Mortgaged Property” on Schedule 4.13 and (b) any
fee Real Property covered by a Mortgage delivered pursuant to Section 6.9(d). 
  
 “Mortgages”: as defined in Section 6.9(d). 
  
 “Multiemployer Plan”: a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 
  
 “Net Proceeds”: the aggregate cash proceeds
received by Holdings or any Subsidiary in respect of: 
  
 (a) any issuance or borrowing of any debt securities or loans by HubCo, the Borrower or any of their respective Subsidiaries other than debt or loans permitted to be incurred or borrowed pursuant to Section 7.1; 
  
 (b) any Asset Sale, excluding (i) any net proceeds received
upon any condemnation or exercise of rights of eminent domain to the extent the same shall be deemed not to constitute Net Proceeds pursuant to the proviso to Section 7.5(d) and (ii) any proceeds of insurance received upon any casualty or loss;

  
 (c) any cash received in respect of
substantially like-kind exchanges of property to the extent provided in the proviso to Section 7.5(e); and 
  
 (d) any cash payments received in respect of promissory notes delivered to HubCo or such Subsidiary in respect of an Asset Sale delivered
to HubCo or such Subsidiary in respect of an Asset Sale; 
  
 in
each case net of (without duplication) (A) the amount required to repay any Indebtedness (other than the Loans) secured by a Lien on any assets of HubCo, the Borrower or their Subsidiaries that are collateral for any such debt securities or loans
that are sold or otherwise disposed of in connection with such Asset Sale, (B) the reasonable expenses (including legal fees and brokers’ and underwriters’ commissions, lenders fees or credit enhancement fees, in any case, paid to third
parties or, to the extent permitted hereby, Affiliates) incurred in effecting such issuance or sale and (C) any taxes reasonably attributable to such sale and reasonably estimated by HubCo, the Borrower or their Subsidiaries to be actually payable.

  
 “Non-Funding Lender”: as
defined in Section 3.9(c). 
  

 18 

 “Notes”: the collective reference to any promissory note evidencing
loans. 
  
 “Option Cancellation
Payment”: the collective reference to the payments made or to be made by the Option Cancellation Payors to the Option Holders, whether in the form of (i) a direct payment to the Option Holders or (ii) loans, capital contributions or other
transfers of funds to other Option Cancellation Payors, the proceeds of which are subsequently paid to the Option Holders, in consideration for the cancellation of such Option Holders’ options in connection with the Transactions, in an
aggregate amount that, when taken together with the aggregate amount used to finance the Share Purchase, shall not exceed $75,000,000. 
  
 “Option Cancellation Payor”: each of the Borrower, HubCo and/or any of their respective Subsidiaries in its capacity as
payor of the Option Cancellation Payment. 
  
 “Option Holders”: certain holders of options to purchase shares of Holdings whose options will be cancelled or repurchased in connection with the Transactions. 
  
 “Parent Guarantee”: the Parent Guarantee, substantially in the form of Exhibit C-1, to be
made by Holdings, HubCo, Stratus Equity S.à r.l., Status Technologies Cyprus Limited, Stratus Bermuda, the R&D Company and Stratus Research & Development Limited in favor of the Administrative Agent, for the ratable benefit of the
Lenders, as the same may be amended, modified or supplemented from time to time. 
  
 “Participants”: as defined in Section 10.6(b). 
  
 “Participating Lender”: any Revolving Credit Lender (other than the Issuing Lender) with
respect to its L/C Participating Interest in each Letter of Credit. 
  
 “Payment Sharing Notice”: a written notice from the Borrower or any Lender informing the Administrative Agent that an Event of Default has occurred and is continuing and directing the Administrative
Agent to allocate payments thereafter received from or on behalf of the Borrower in accordance with the provisions of Section 3.9. 
  
 “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA or any
successor. 
  
 “Permitted
Liens”: Liens permitted to exist under Section 7.2. 
  
 “Permanent Debt”: the Senior Unsecured Notes and any unsecured notes or debentures of HubCo or the Borrower permitted pursuant to Section 7.1(k) that may be issued by HubCo or the Borrower to
refinance the Senior Unsecured Notes or any Permanent Debt. 
  
 “Person”: an individual, partnership, corporation, business trust, joint stock company, limited liability company, trust, unincorporated association, joint venture, Governmental Authority or other
entity of whatever nature. 
  

 19 

 “Plan”: at a particular time, any employee benefit plan which is covered
by ERISA and in respect of which HubCo or a Commonly Controlled Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
  
 “Pricing Grid”: the pricing grid set forth
in Schedule II. 
  
 “Pro Forma Balance
Sheet”: as defined in Section 4.1(a). 
  
 “R&D Company”: Stratus Technologies Ireland Limited, a company organized under the laws of the Republic of Ireland. 
  
 “R&D Services Agreements”: (a) the Research and Development Services Agreements for, entered into (i) by and between
the Borrower and Stratus Bermuda, dated as of February 25, 2002, (ii) by and between the R&D Company and Stratus Bermuda, dated as of February 25, 2002 and (iii) by and between Stratus Technologies Systems Limited and Stratus Bermuda, dated as
of February 25, 2002 and (b) the Agreement for Sharing Research and Development Costs, dated as of February 11, 2003, by and between Cemprus, LLC and Stratus Bermuda, as each may be amended, modified or supplemented from time to time. 
  
 “Real Property”: each Fee Property and
Leased Property listed on Schedule 4.13. 
  
 “Refunded Swing Line Loans”: as defined in Section 2.4(b). 
  
 “Register”: as defined in Section 10.6(d). 
  
 “Reorganization”: with respect to any Multiemployer Plan, the condition that such Plan is
in reorganization as such term is used in Section 4241 of ERISA. 
  
 “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the thirty day notice is waived under subpart B of PBGC Reg. § 4042. 

 
 “Required Lenders”: at a particular
time, the holders of more than 50% of the sum of the Revolving Credit Commitments or, if the Revolving Credit Commitments are terminated, the aggregate unpaid principal amount of the Revolving Credit Loans, and participations in Swing Line Loans and
the aggregate amount available to be drawn at such time under all outstanding Letters of Credit and L/C Obligations. Revolving Credit Commitments of any Non-Funding Lender shall be disregarded in determining Required Lenders at any time. 

 
 “Requirement of Law”: as to any Person,
the Articles or Certificate of Incorporation and By-Laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation, order, or determination of an arbitrator or a court or other Governmental Authority, in
each case, applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
  

 20 

 “Responsible Officer”: with respect to any Person, the president, chief
executive officer, the chief operating officer, the chief financial officer, treasurer, controller or any vice president of such Person. 
  
 “Revolving Credit Commitment”: as to any Lender, its obligations to (i) make Revolving Credit Loans to the Borrower
pursuant to Section 2.1 and (ii) to purchase its L/C Participating Interest in any Letter of Credit, in an aggregate amount not to exceed the amount set forth under such Lender’s name in Schedule I opposite the caption “Revolving Credit
Commitment” or in Schedule 1 to the Assignment and Acceptance by which such Lender acquired its Revolving Credit Commitment, as the same may be reduced from time to time pursuant to Section 3.3 or 3.4(b) or adjusted pursuant to Section 10.6(c);
collectively, as to all the Lenders, the “Revolving Credit Commitments”. The original aggregate principal amount of the Revolving Credit Commitments is $30,000,000, as may be reduced from time to time as set forth in Section 3.3(b).

  
 “Revolving Credit Commitment
Percentage”: as to any Lender at any time, the percentage of the aggregate Revolving Credit Commitments then constituted by such Lender’s Revolving Credit Commitment. 
  
 “Revolving Credit Commitment Period”: the period from and including the Effective Date to
but not including the Revolving Credit Termination Date. 
  
 “Revolving Credit Lender”: any Lender with a Revolving Credit Commitment. 
  
 “Revolving Credit Loans”: as defined in Section 2.1(a). 
  
 “Revolving Credit Termination Date”: the earlier of (a) November 19, 2007 and (b) such
other earlier date as the Revolving Credit Commitments shall terminate hereunder. 
  
 “Security Agreements”: the collective reference to the Collateral Agreement, the Cyprus Pledge Agreement, the Ireland
Pledge Agreement, the Luxembourg Pledge Agreement and any security agreement which may from time to time be executed and delivered by a Subsidiary of Holdings pursuant to Section 6.9. 
  
 “Security Documents”: the collective reference to the Security Agreements and the
Mortgages. 
  
 “Senior Unsecured Note
Indenture”: the Indenture entered into by the Borrower in connection with the issuance of the Senior Unsecured Notes, together with all instruments and other agreements entered into by the Borrower and any other Subsidiaries of Holdings in
connection therewith, as the same may be amended, supplemented or otherwise modified from time to time. 
  
 “Senior Unsecured Notes”: the 10 7/8% Senior Notes due December 2008 of the Borrower issued pursuant to the Senior Unsecured Note Indenture. 
  
 “Series A Preference Shares”: the Series A Preference Shares of Holdings. 
  

 21 

 “Single Employer Plan”: any Plan which is covered by Title IV of ERISA,
but which is not a Multiemployer Plan. 
  
 “Specified Change of Control”: a “Change of Control” (or any other defined term having a similar purpose) as defined in the Senior Note Indenture or any other any indenture entered into by the Borrower and/or
HubCo in connection with the issuance of Permanent Debt. 
  
 “S&P”: Standard and Poor’s Ratings Services. 
  
 “Standby L/C”: an irrevocable letter of credit under which the Issuing Lender agrees to make payments in Dollars for the
account of the Borrower, on behalf of HubCo or any Subsidiary of HubCo in respect of obligations of HubCo or such Subsidiary incurred pursuant to contracts made or performances undertaken or to be undertaken or like matters relating to contracts to
which HubCo or such Subsidiary is or proposes to become a party in the ordinary course of HubCo’s or such Subsidiary’s business, including, without limiting the foregoing, for insurance purposes or in respect of advance payments or as bid
or performance bonds or for any other purpose for which a standby letter of credit might customarily be issued. 
  
 “Section 3.11(d)(2) Certificate”: as defined in Section 3.11(d). 
  
 “Stratus Bermuda”: Stratus Technologies
Bermuda Limited. 
  
 “Subsidiary”: as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock of each class or other interests having ordinary voting power (other than stock or other
interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is
otherwise controlled, by such Person or by one or more Subsidiaries of such Person or by such Person and one or more Subsidiaries of such Person. A Subsidiary shall be deemed wholly-owned by a Person who owns directly or indirectly all of the voting
shares of stock or other interests of such Subsidiary having voting power under ordinary circumstances to vote for directors or other managers of such corporation, partnership or other entity, except for (i) directors’ qualifying shares, (ii)
shares owned by multiple shareholders to the extent required to comply with local laws and (iii) shares of any Subsidiary organized under the laws of the Republic of Ireland which are owned by employees of such Subsidiary. Unless otherwise
qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of Holdings, provided that, at the Borrower’s option, any joint venture or Person in which
an investment is made pursuant to Section 7.6(h)(i) shall, so long as such investment is maintained in reliance on such Section, not be a “Subsidiary” of Holdings for any purpose of this Agreement. 
  
 “Subsidiary Guarantee”: the Subsidiary
Guarantee, substantially in the form of Exhibit C-2, to be made by Cemprus Technologies, Inc. and Cemprus, LLC in favor of the Administrative Agent, for the ratable benefit of the Lenders, as the same may be amended, modified or supplemented from
time to time. 
  

 22 

 “Supermajority Lenders”: at a particular time, the holders of at least
66-2/3% of the Revolving Credit Commitments or, if the Revolving Credit Commitments are terminated, the aggregate unpaid principal amount of the Revolving Credit Loans, and participations in Swing Line Loans and the aggregate amount available to be
drawn at such time under all outstanding Letters of Credit and L/C Obligations. The Revolving Credit Commitments of any Non-Funding Lender shall be disregarded in determining Supermajority Lenders at any time. 
  
 “Swing Line Commitment”: the Swing Line
Lender’s obligation to make Swing Line Loans pursuant to Section 2.4. 
  
 “Swing Line Lender”: JPMCB, in its capacity as lender of the Swing Line Loans. 
  
 “Swing Line Loan Participation Certificate”: a certificate in substantially the form of Exhibit F. 
  
 “Swing Line Loans”: as defined in Section
2.4(a). 
  
 “Syndication Agent”:
as defined in the Preamble hereto. 
  
 “Tier 1 Foreign Entity”: any Foreign Entity that is not a Subsidiary of a Domestic Entity and that is organized under the laws of Bermuda, Cyprus, Ireland or Luxembourg or such other jurisdiction as may be approved by the
Administrative Agent from time to time. 
  
 “Tier 2 Foreign Entity”: any Foreign Entity that is not a Tier 1 Foreign Entity. 
  
 “Transactions”: the collective reference to: (i) the issuance of the Senior Unsecured Notes (ii) the purchase of Series A
Preference Shares from Investcorp Stratus Limited Partnership, MidOcean Capital Partners Europe, L.P. and Intel Atlantic, Inc., (iii) the purchase of ordinary shares of Holdings from current holders of ordinary shares, (iv) the refinancing of the
senior credit facilities under the Existing Credit Agreement, (v) the Option Cancellation Payments, (vi) the lending of approximately $85,000,000 by the Borrower to the R&D Company, (vii) the payment of existing and advance royalties of
approximately $81,700,000 among SRA Technologies Cyprus Limited, Stratus Bermuda and the R&D Company, (viii) the lending of approximately $20,000,000 by Stratus Bermuda to HubCo, (ix) an equity contribution of approximately $20,000,000 from
HubCo to the Borrower and (x) the payment of transaction fees and expenses in connection therewith and; provided that subparagraphs (ii) through (iv) above shall be financed with the proceeds from the issuance of the Senior Unsecured Notes;
provided further that the transactions described in subparagraphs (ii) and (iii) above shall be referred to herein as the “Share Purchase”.  
  
 “Transferee”: as defined in Section 10.6(f). 
  

 23 

 “Type”: as to any Loan, its nature as an Alternate Base Rate Loan or
Eurodollar Loan. 
  
 “Uniform
Customs”: the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500, and any amendments thereof. 
  
 “United States”: the United States of America. 
  
 “United States Person”: any Person
organized under the laws of the United States or any state thereof or the District of Columbia. 
  
 1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when
used in any other Credit Document or any certificate or other document made or delivered pursuant hereto. 
  
 (b) As used herein and in any other Credit Document and any certificate or other document made or delivered pursuant hereto, accounting terms relating to
the Borrower and its Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section 1.1 to the extent not defined, shall have the respective meanings given to them under GAAP. To the extent there are any changes in GAAP from
the date of this Agreement, the financial covenants set forth herein at the option of the Borrower will either (i) continue to be determined in accordance with GAAP in effect on the Effective Date, as applicable, or (ii) be adjusted or reset to
reflect such changes in GAAP, such adjustments or resets to be mutually agreed to by the Borrower and the Administrative Agent. 
  
 (c) The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement, and section, Section, schedule and exhibit references are to this Agreement unless otherwise specified. 
  
 (d) The meanings given to terms defined herein shall be equally applicable to the singular and plural forms of such terms.

  
 SECTION 2. AMOUNT AND TERMS OF REVOLVING CREDIT
COMMITMENTS 
  
 2.1 Revolving Credit Commitments. (a)
Subject to the terms and conditions hereof, each Lender severally agrees to the extent of its Revolving Credit Commitment to extend credit to the Borrower from time to time on any Borrowing Date during the Revolving Credit Commitment Period (i) by
purchasing an L/C Participating Interest in each Letter of Credit issued by the Issuing Lender and (ii) by making loans in Dollars (individually, a “Revolving Credit Loan”, and collectively, the “Revolving Credit
Loans”) to the Borrower from time to time. Notwithstanding the above, in no event shall any Revolving Credit Loans be made, or Letter of Credit be issued, if the aggregate amount of the Revolving Credit Loans to be made or Letter of Credit
to be issued would, after giving effect to the use of proceeds, if any, thereof, exceed the aggregate Available Revolving Credit Commitments or the Borrowing Base then in effect, nor shall any Letter of Credit be issued if after giving effect
thereto the sum of the undrawn amount of all outstanding Letters of Credit and the amount of all L/C Obligations would exceed $15,000,000. 
  

 24 

 (b) During the Revolving Credit Commitment Period, the Borrower may use the Revolving Credit Commitments
by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof, and/or by having the Issuing Lender issue Letters of Credit, having such Letters of Credit expire
undrawn upon or if drawn upon, reimbursing the Issuing Lender for such drawing, and having the Issuing Lender issue new Letters of Credit. 
  
 (c) Each borrowing of Revolving Credit Loans pursuant to the Revolving Credit Commitments shall be in an aggregate principal amount of the lesser of (i)
$250,000 or a whole multiple of $100,000 in excess thereof in the case of Alternate Base Rate Loans, and $500,000 or a whole multiple of $100,000 in excess thereof, in the case of Eurodollar Loans, and (ii) the Available Revolving Credit
Commitments, except that any borrowing of Revolving Credit Loans to be used solely to pay a like amount of Swing Line Loans may be in the aggregate principal amount of such Swing Line Loans. 
  
 2.2 Revolving Commitment Fee. The Borrower agrees to pay to the
Administrative Agent for the account of each Revolving Credit Lender (other than any Non-Funding Lender) a commitment fee from and including the Effective Date computed at a rate of 0.50% per annum on the average daily amount of the Available
Revolving Credit Commitment of such Lender during the period for which payment is made; provided, that on and after the first Adjustment Date, the rate of such commitment fee will be determined pursuant to the Pricing Grid. Such commitment
fee shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Revolving Credit Termination Date.  
  
 2.3 Proceeds of Revolving Credit Loans. The Borrower shall use the proceeds of Revolving Credit Loans for working capital and for general corporate
purposes of the Borrower and its Subsidiaries, including for Permitted Acquisitions. 
  
 2.4 Swing Line Commitment. (a) Subject to the terms and conditions hereof, the Swing Line Lender agrees, so long as the Administrative Agent has not received notice that an Event of Default has occurred and is
continuing, to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate
principal amount at any one time outstanding not to exceed $10,000,000; provided that no Swing Line Loan may be made if the aggregate principal amount of the Swing Line Loans to be made would exceed the aggregate Available Revolving Credit
Commitments at such time or the Borrowing Base then in effect. Amounts borrowed by the Borrower under this Section 2.4 may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. All Swing Line Loans shall be made as
Alternate Base Rate Loans and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 3:00 p.m., New York City
time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in an aggregate minimum amount of $250,000 or a whole multiple of $100,000 in excess thereof. The proceeds of each Swing Line Loan will be
made available by the Swing Line Lender to the 
  

 25 

 
Borrower by crediting the account of the Borrower at the office of the Swing Line Lender with such proceeds. The proceeds of Swing Line Loans may be used
solely for the purposes referred to in Section 2.3. 
  
 (b) The
Swing Line Lender at any time in its sole and absolute discretion may, and on the fifteenth day (or if such day is not a Business Day, the next Business Day) and last Business Day of each month shall, on behalf of the Borrower (which hereby
irrevocably directs the Swing Line Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Line Lender, to make a Revolving Credit Loan in an amount equal to such Lender’s Revolving Credit Commitment Percentage of
the amount of the Swing Line Loans (the “Refunded Swing Line Loans”) outstanding on the date such notice is given. Unless any of the events described in paragraph (f) of Section 8 shall have occurred (in which event the procedures
of paragraph (c) of this Section 2.4 shall apply) each such Lender shall make the proceeds of its Revolving Credit Loan available to the Swing Line Lender for the account of the Swing Line Lender at the office of the Swing Line Lender specified in
Section 10.2 (or such other location as the Swing Line Lender may direct) prior to 12:00 noon (New York City time) in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving
Credit Loans shall be immediately applied to repay the Refunded Swing Line Loans. 
  
 (c) If prior to the making of a Revolving Credit Loan pursuant to paragraph (b) of this Section 2.4 one of the events described in paragraph (f) of Section 8 shall have occurred, each Revolving Credit Lender will, on
the date such Loan was to have been made, purchase an undivided participating interest in the Refunded Swing Line Loan in an amount equal to its Revolving Credit Commitment Percentage of such Refunded Swing Line Loan. Each such Lender will
immediately transfer to the Swing Line Lender in immediately available funds, the amount of its participation and upon receipt thereof the Swing Line Lender will deliver to such Lender a Swing Line Loan Participation Certificate dated the date of
receipt of such funds and in such amount. 
  
 (d) Whenever, at any
time after the Swing Line Lender has received from any Revolving Credit Lender such Lender’s participating interest in a Refunded Swing Line Loan, the Swing Line Lender receives any payment on account thereof, the Swing Line Lender will
distribute to such Lender its participating interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s participating interest was outstanding and funded) in like
funds as received; provided that in the event that such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender
to it in like funds as such payment is required to be returned by the Swing Line Lender. 
  
 (e) The obligation of each Revolving Credit Lender to purchase participating interests pursuant to Section 2.4(c) shall be absolute and unconditional and shall not be affected by any circumstance, including, without
limitation, (i) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Swing Line Lender, the Borrower or any other Person for any reason whatsoever; (ii) the occurrence or continuance of an Event of
Default; (iii) any adverse change in the condition (financial or otherwise) of the Borrower; (iv) any breach of this Agreement by the Borrower or any other Lender; or (v) any other circumstance, happening or event whatsoever, whether or not similar
to any of the foregoing. 
  

 26 

 2.5 Issuance of Letters of Credit. (a) The Borrower may from time to time request the Issuing
Lender to issue a Standby L/C or a Commercial L/C by delivering to the Administrative Agent at its address specified in Section 10.2 (or such other location as the Issuing Lender may direct) a letter of credit application in the Issuing
Lender’s then customary form (the “L/C Application”) completed to the satisfaction of the Issuing Lender, together with the proposed form of such Letter of Credit (which shall comply with the applicable requirements of
paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Borrower that it is for any reason unable to open such
Letter of Credit, the Borrower may request any Lender to open such Letter of Credit upon the same terms offered to the Issuing Lender and each reference to the Issuing Lender for purposes of Sections 2.5 through 2.15, 5.1 and 5.2 shall be deemed to
be a reference to such Issuing Lender. 
  
 (b) Each Standby L/C
and Commercial L/C issued hereunder shall be issued for the account of the Borrower and shall, among other things, (i) be in such form requested by the Borrower as shall be acceptable to the Issuing Lender in its sole discretion and (ii) have an
expiry date occurring not later than 365 days after the date of issuance of such Letter of Credit and may be automatically renewed on its expiry date for an additional period equal to the initial term, but in no case shall any Letter of Credit have
an expiry date occurring later than the Revolving Credit Termination Date. Each L/C Application and each Letter of Credit shall be subject to the International Standby Practices (in the case of Standby L/Cs) or the Uniform Customs (in the case of
Commercial L/Cs) and, to the extent not inconsistent therewith, the laws of the State of New York. 
  
 2.6 Participating Interests. Effective in the case of each Standby L/C and Commercial L/C (if applicable) as of the date of the opening thereof,
the Issuing Lender agrees to allot and does allot, to itself and each other Revolving Credit Lender, and each such Lender severally and irrevocably agrees to take and does take in such Letter of Credit and the related L/C Application (if
applicable), an L/C Participating Interest in a percentage equal to such Lender’s Revolving Credit Commitment Percentage. 
  
 2.7 Procedure for Opening Letters of Credit. The Issuing Lender will notify each Lender after the end of each calendar month of any L/C
Applications received by the Issuing Lender from the Borrower during such month. Upon receipt of any L/C Application from the Borrower, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers
delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the
beneficiary thereof and by furnishing a copy thereof to the Borrower and, after the end of the calendar month in which such Letter of Credit was opened, to the other Lenders, provided that no such Letter of Credit shall be issued if Section
2.1 would be violated thereby. 
  
 2.8 Payments in Respect of
Letters of Credit. (a) The Borrower agrees forthwith upon demand by the Issuing Lender and otherwise in accordance with the terms of the L/C 
  

 27 

 
Application relating thereto, (i) to reimburse the Issuing Lender for any payment made by the Issuing Lender under any Letter of Credit issued for the
account of the Borrower and (ii) to pay interest on any unreimbursed portion of any such payment from the date of such payment until reimbursement in full thereof at a rate per annum equal to (A) on or prior to the date which is one Business Day
after the day on which the Issuing Lender demands reimbursement from the Borrower for such payment, the Alternate Base Rate plus the Applicable Margin for the Revolving Credit Loans and (B) thereafter, the Alternate Base Rate plus the Applicable
Margin for the Revolving Credit Loans plus 2%. 
  
 (b) In the
event that the Issuing Lender makes a payment under any Letter of Credit and is not reimbursed in full therefor forthwith upon demand of the Issuing Lender, and otherwise in accordance with the terms of the L/C Application relating to such Letter of
Credit, the Issuing Lender will promptly notify each other Revolving Credit Lender. Forthwith upon its receipt of any such notice, each such other Lender will transfer to the Issuing Lender, in immediately available funds, an amount equal to such
other Lender’s pro rata share (based on its Revolving Credit Commitment) of the L/C Obligation arising from such unreimbursed payment. Promptly, upon its receipt from such other Lender of such amount, the Issuing Lender will
complete, execute and deliver to such other Lender an L/C Participation Certificate dated the date of such receipt and in such amount. 
  
 (c) Whenever, at any time after the Issuing Lender has made a payment under any Letter of Credit and has received from any other Revolving Credit Lender
such other Lender’s pro rata share of the L/C Obligation arising therefrom, the Issuing Lender receives any reimbursement on account of such L/C Obligation or any payment of interest on account thereof, the Issuing Lender will
promptly distribute to such other Lender its pro rata share thereof in like funds as received; provided that in the event that the receipt by the Issuing Lender of such reimbursement or such payment of interest (as the case may
be) is required to be returned, such other Lender will return to the Issuing Lender any portion thereof previously distributed by the Issuing Lender to it in like funds as such reimbursement or payment is required to be returned by the Issuing
Lender. 
  
 2.9 Letter of Credit Fees. (a) In lieu of any
letter of credit commissions and fees provided for in any L/C Application relating to Standby or Commercial L/Cs (other than standard issuance, amendment and negotiation fees), the Borrower agrees to pay the Administrative Agent, for the account of
the Issuing Lender and the Participating Lenders, with respect to each Standby or Commercial L/C issued for the account of the Borrower, a Standby or Commercial L/C fee, as the case may be, equal to the Applicable Margin for Eurodollar Loans per
annum (of which the Issuing Lender shall retain for its own account, as the issuing bank and not on account of its L/C Participating Interest therein, 0.25% per annum) on the daily average amount available to be drawn under each Standby L/C in the
case of a Standby L/C and on the maximum face amount of each Commercial L/C in the case of a Commercial L/C, in either case, payable, in arrears, on the last day of each fiscal quarter of the Borrower. The Administrative Agent will disburse any
Standby or Commercial L/C fees received pursuant to this Section 2.9(a) to the respective Lenders promptly following the receipt of any such fees in the case of a Standby L/C and, in the case of a Commercial L/C, following the end of the calendar
month in which such Commercial L/C fees were received. Notwithstanding the foregoing, the Borrower agrees to pay standard issuance, amendment and negotiation fees to the Issuing Lender. 
  

 28 

 (b) For purposes of any payment of fees required pursuant to this Section 2.9, the Administrative Agent
agrees to provide to the Borrower a statement of any such fees to be so paid; provided that the failure by the Administrative Agent to provide the Borrower with any such invoice shall not relieve the Borrower of its obligation to pay such
fees. 
  
 2.10 Letter of Credit Reserves. (a) If any Change
in Law shall either (i) impose, modify, deem or make applicable any reserve, special deposit, assessment or similar requirement against letters of credit issued by the Issuing Lender or (ii) impose on the Issuing Lender any other condition regarding
this Agreement (with respect to Letters of Credit) or any Letter of Credit, and the result of any event referred to in clause (i) or (ii) above shall be to increase the cost of the Issuing Lender of issuing or maintaining any Letter of Credit (which
increase in cost shall be the result of the Issuing Lender’s reasonable allocation of the aggregate of such cost increases resulting from such events), then, upon demand by the Issuing Lender, the Borrower shall immediately pay to the Issuing
Lender, from time to time as specified by the Issuing Lender, additional amounts which shall be sufficient to compensate the Issuing Lender for such increased cost, together with interest on each such amount from the date demanded until payment in
full thereof at a rate per annum equal to the rate applicable to Alternate Base Rate Loans pursuant to Section 3.5(b). The Borrower shall not be required to make any payments to the Issuing Lender for any additional amounts pursuant to this Section
2.10(a) unless the Issuing Lender has given written notice to the Borrower of its intent to request such payments prior to or within 60 days after the date on which the Issuing Lender became entitled to claim such amounts. A certificate, setting
forth in reasonable detail the calculation of the amounts involved, submitted by the Issuing Lender to the Borrower concurrently with any such demand by the Issuing Lender, shall be conclusive, absent manifest error, as to the amount thereof.

  
 (b) In the event that any Change in Law with respect to the
Issuing Lender shall, in the opinion of the Issuing Lender, require that any obligation under any Letter of Credit be treated as an asset or otherwise be included for purposes of calculating the appropriate amount of capital to be maintained by the
Issuing Lender or any corporation controlling the Issuing Lender, and such Change in Law shall have the effect of reducing the rate of return on the Issuing Lender’s or such corporation’s capital, as the case may be, as a consequence of
the Issuing Lender’s obligations under such Letter of Credit to a level below that which the Issuing Lender or such corporation, as the case may be, could have achieved but for such Change in Law (taking into account the Issuing Lender’s
or such corporation’s policies, as the case may be, with respect to capital adequacy) by an amount deemed by the Issuing Lender to be material, then from time to time following notice by the Issuing Lender to the Borrower of such Change in Law,
within 15 days after demand by the Issuing Lender, the Borrower shall pay to the Issuing Lender such additional amount or amounts as will compensate the Issuing Lender or such corporation, as the case may be, for such reduction. The Issuing Lender
agrees that, upon the occurrence of any event giving rise to the operation of paragraph (a) or (b) of this Section 2.10 with respect to the Issuing Lender, it will, if requested by the Borrower and to the extent permitted by law or by the relevant
Governmental Authority, endeavor in good faith to avoid or minimize the increase in costs or reduction in payments resulting from such event; provided that such avoidance or minimization can be made in such a manner that the Issuing Lender,
in its sole determination, suffers no economic, legal or regulatory disadvantage. The Borrower shall not be required to make any payments to the Issuing Lender for any additional amounts pursuant to this Section 2.10(b) unless the Issuing Lender has
given written notice to the Borrower of its intent to request 
  

 29 

 
such payments prior to or within 60 days after the date on which the Issuing Lender became entitled to claim such amounts. A certificate, in reasonable
detail setting forth the calculation of the amounts involved, submitted by the Issuing Lender to the Borrower concurrently with any such demand by the Issuing Lender, shall be conclusive, absent manifest error, as to the amount thereof. 

 
 (c) The Borrower and each Participating Lender agree that the provisions
of the foregoing paragraphs (a) and (b) shall apply equally to each Participating Lender in respect of its L/C Participating Interest in such Letter of Credit, as if the references in such paragraphs and provisions referred to, where applicable,
such Participating Lender or, in the case of paragraph (b), any corporation controlling such Participating Lender. 
  
 2.11 Existing Letters of Credit. Notwithstanding anything to the contrary contained herein, each Letter of Credit outstanding under the Existing
Credit Agreement on the Effective Date shall be deemed to be issued and outstanding under this Agreement as of the Effective Date. 
  
 2.12 Further Assurances. The Borrower hereby agrees, from time to time, to do and perform any and all acts and to execute any and all further
instruments reasonably requested by the Issuing Lender more fully to effect the purposes of this Agreement and the issuance of Letters of Credit hereunder. 
  
 2.13 Obligations Absolute. The payment obligations of the Borrower under this Agreement with respect to the Letters of Credit shall be
unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including, without limitation, the following circumstances: 
  
 (i) the existence of any claim, set-off, defense or other
right which the Borrower or any of its Subsidiaries may have at any time against any beneficiary, or any transferee, of any Letter of Credit (or any Persons for whom any such beneficiary or any such transferee may be acting), the Issuing Lender, the
Administrative Agent or any Lender, or any other Person, whether in connection with this Agreement, any Credit Document, the transactions contemplated herein, or any unrelated transaction; 
  
 (ii) any statement or any other document presented under any
Letter of Credit proving to be forged, fraudulent or invalid or any statement therein being untrue or inaccurate in any respect; 
  
 (iii) payment by the Issuing Lender under any Letter of Credit against presentation of a draft or certificate or other document which does
not comply with the terms of such Letter of Credit or is insufficient in any respect, except where such payment constitutes gross negligence or willful misconduct on the part of the Issuing Lender; or 
  
 (iv) any other circumstances or happening whatsoever,
whether or not similar to any of the foregoing, except for any such circumstances or happening constituting gross negligence or willful misconduct on the part of the Issuing Lender. 
  
 2.14 Assignments. No Participating Lender’s participation in any Letter of Credit or any of its rights or duties
hereunder shall be subdivided, assigned or transferred (other 
  

 30 

 
than in connection with a transfer of part or all of such Participating Lender’s Revolving Credit Commitment in accordance with Section 10.6(c)) without
the prior written consent of the Issuing Lender, which consent will not be unreasonably withheld. Such consent may be given or withheld without the consent or agreement of any other Participating Lender. Notwithstanding the foregoing, a
Participating Lender may subparticipate its L/C Participating Interest without obtaining the prior written consent of the Issuing Lender. 
  
 2.15 Participations. The obligation of each Revolving Credit Lender to purchase participating interests pursuant to Section 2.6 shall be absolute
and unconditional and shall not be affected by any circumstance, including, without limitation, (i) any set-off, counterclaim, recoupment, defense or other right which such Lender may have against the Issuing Lender, the Borrower or any other Person
for any reason whatsoever; (ii) the occurrence or continuance of an Event of Default; (iii) any adverse change in the condition (financial or otherwise) of the Borrower; (iv) any breach of this Agreement by the Borrower or any other Lender; or (v)
any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 
  
 SECTION 3. GENERAL PROVISIONS APPLICABLE TO LOANS 
  
 3.1 Procedure for Borrowing. (a) The Borrower may borrow under the Commitments on any Business Day, provided that, with respect to any
borrowing, the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon (or, with respect to Swing Line Loans, 3:00 p.m.), New York City time, (i) three Business
Days prior to the requested Borrowing Date if all or any part of the Loans are to be Eurodollar Loans and (ii) one Business Day prior to the requested Borrowing Date (or, in the case of Swing Line Loans, on the requested Borrowing Date) if the
borrowing is to be solely of Alternate Base Rate Loans) and specifying (A) the amount of the borrowing, (B) whether such Loans are initially to be Eurodollar Loans or Alternate Base Rate Loans or a combination thereof, (C) if the borrowing is to be
entirely or partly Eurodollar Loans, the length of the Interest Period for such Eurodollar Loans and (D) whether the Loan is a Swing Line Loan or Revolving Credit Loan. Upon receipt of such notice the Administrative Agent shall promptly notify each
affected Lender thereof. Not later than 12:00 noon, New York City time, on the Borrowing Date specified in such notice, each affected Lender shall make available to the Administrative Agent at the office of the Administrative Agent specified in
Section 10.2 (or at such other location as the Administrative Agent may direct) an amount in immediately available funds equal to the amount of the Loan to be made by such Lender (except that proceeds of Swing Line Loans will be made available to
the Borrower in accordance with Section 2.4(a)). Loan proceeds received by the Administrative Agent hereunder shall promptly be made available to the Borrower by the Administrative Agent’s crediting the account of the Borrower, at the office of
the Administrative Agent specified in Section 10.2, with the aggregate amount actually received by the Administrative Agent from the Lenders and in like funds as received by the Administrative Agent. 
  
 (b) Any borrowing of Eurodollar Loans hereunder shall be in such amounts and
be made pursuant to such elections so that, after giving effect thereto, (i) the aggregate principal amount of all Eurodollar Loans having the same Interest Period shall not be less than $500,000 or a whole multiple of $100,000 in excess thereof and
(ii) no more than ten Interest Periods shall be in effect at any one time. 
  

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 3.2 Conversion and Continuation Options. (a) Subject to Section 3.12, the Borrower may elect from
time to time to convert Eurodollar Loans into Alternate Base Rate Loans by giving the Administrative Agent irrevocable notice of such election, to be received by the Administrative Agent prior to 12:00 noon, New York City time, at least three
Business Days prior to the proposed conversion date. The Borrower may elect from time to time to convert all or a portion of the Alternate Base Rate Loans (other than Swing Line Loans) then outstanding to Eurodollar Loans by giving the
Administrative Agent irrevocable notice of such election, to be received by the Administrative Agent prior to 12:00 noon, New York City time, at least three Business Days prior to the proposed conversion date, specifying the Interest Period selected
therefor, and, if no Default or Event of Default has occurred and is continuing, such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day, on the next succeeding Business Day. Upon
receipt of any notice pursuant to this Section 3.2, the Administrative Agent shall promptly notify each affected Lender thereof. All or any part of the outstanding Loans (other than Swing Line Loans) may be converted as provided herein,
provided that partial conversions of Alternate Base Loans shall be in the aggregate principal amount of $250,000 or a whole multiple of $100,000 in excess thereof and the aggregate principal amount of the resulting Eurodollar Loans
outstanding in respect of any one Interest Period shall be at least $500,000 or a whole multiple of $100,000 in excess thereof. 
  
 (b) Any Eurodollar Loans may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower giving
notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans, provided that no
Eurodollar Loan may be continued as such (i) when any Event of Default has occurred and is continuing and the Administrative Agent or the Required Lenders have, by written notice to the Borrower, determined that such a continuation is not
appropriate, (ii) if, after giving effect thereto, Section 3.1(b) would be contravened or (iii) after the date that is one month prior to the Revolving Credit Termination Date (in the case of continuations of Revolving Credit Loans). 
  
 3.3 Changes of Commitment Amounts. (a) The Borrower shall have the
right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate or from time to time to permanently reduce the Revolving Credit Commitments, subject to the provisions of this Section 3.3. To the extent, if any,
that the sum of the amount of the Revolving Credit Loans, Swing Line Loans and L/C Obligations then outstanding and the amounts available to be drawn under outstanding Letters of Credit exceeds the amount of the Revolving Credit Commitments as then
reduced, the Borrower shall be required to make a prepayment equal to such excess amount, the proceeds of which shall be applied, first, to payment of the Swing Line Loans then outstanding, second, to payment of the Revolving Credit
Loans then outstanding, third, to payment of any L/C Obligations then outstanding, and fourth, to cash collateralize any outstanding Letters of Credit on terms reasonably satisfactory to the Administrative Agent. Any such termination
of the Revolving Credit Commitments shall be accompanied by prepayment in full of the Revolving Credit Loans, Swing Line Loans and L/C Obligations then outstanding and by cash collateralization of any outstanding Letters of Credit on terms
reasonably satisfactory to 
  

 32 

 
the Administrative Agent. Upon termination of the Revolving Credit Commitments, any Letter of Credit then outstanding that has been so cash collateralized
shall no longer be considered a “Letter of Credit” as defined in Section 1.1 and any L/C Participating Interests heretofore granted by the Issuing Lender to the Lenders in such Letter of Credit shall be deemed terminated (subject to
automatic reinstatement in the event that such cash collateral is returned and the Issuing Lender is not fully reimbursed for any such L/C Obligations) but the Letter of Credit fees payable under Section 2.9 shall continue to accrue to the Issuing
Lender and the Participating Lenders (or, in the event of any such automatic reinstatement, as provided in Section 2.9) with respect to such Letter of Credit until the expiry thereof (provided that in lieu of paying a Standby or Commercial
L/C fee, as the case may be, equal to the Applicable Margin for Eurodollar Loans per annum, the Borrower shall pay to the Administrative Agent an amount equal to 0.25% per annum). 
  
 (b) In the case of termination of the Revolving Credit Commitments, interest accrued on the amount of any prepayment
relating thereto and any unpaid commitment fee accrued hereunder shall be paid on the date of such termination. Any such partial reduction of the Revolving Credit Commitments shall be in an amount of $500,000 or a whole multiple of $100,000 in
excess thereof and shall, in each case, reduce permanently the amount of the Revolving Credit Commitments then in effect. 
  
 3.4 Optional and Mandatory Prepayments. (a) Subject to Section 3.12, the Borrower may at any time and from time to time prepay Loans, in whole or
in part, without premium or penalty, by irrevocable notice to the Administrative Agent by 10:00 a.m., New York City time, on the same Business Day (or, in the case of Swing Line Loans, by irrevocable notice to the Administrative Agent by 12:00 noon,
New York City time, on the same Business Day) in the case of Alternate Base Rate Loans, and three Business Days’ irrevocable notice to the Administrative Agent in the case of Eurodollar Loans, specifying the date and amount of prepayment. Upon
receipt of such notice the Administrative Agent shall promptly notify each Lender thereof. If such notice is given, the Borrower shall make such prepayment, and the payment amount specified in such notice shall be due and payable, on the date
specified therein. Partial prepayments of Revolving Credit Loans shall be in an aggregate principal amount equal to (A) $500,000, or a whole multiple of $100,000 in excess thereof with respect to Eurodollar Loans or (B) $250,000 or a whole multiple
of $100,000 in excess thereof with respect to Alternate Base Rate Loans. 
  
 (b) (i) If, subsequent to the Effective Date, HubCo, or any of its Subsidiaries shall incur or permit the incurrence of any Indebtedness (other than Indebtedness permitted pursuant to Section 7.1) 100% of the Net
Proceeds thereof shall be promptly applied toward the reduction of the Revolving Credit Commitments as set forth in clause (iii) of this Section 3.4(b). 
  
 (ii) If, subsequent to the Effective Date, HubCo, the Borrower or any of their respective Subsidiaries shall receive Net Proceeds from any Asset Sale,
such Net Proceeds shall be promptly applied toward the reduction of the Revolving Credit Commitments as set forth in clause (iii) of this Section 3.4(b); provided that such Net Proceeds need not be applied to the reduction of the Revolving
Credit Commitments until the earlier of the date that the aggregate amount of Net Proceeds received by the Borrower or any of its Subsidiaries from any Asset Sales exceeds $1,000,000 (and has not yet been applied to the reduction of the Revolving
Credit Commitments hereunder) and the date which is six months after the last application of Net Proceeds pursuant to this Section 3.4(b)(ii). 
  

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 (iii) Prepayments made pursuant to Sections 3.4(b)(i) or (ii) shall (A) reduce permanently the Revolving
Credit Commitments and (B) be accompanied by prepayment of, first, the Swing Line Loans, second, the Revolving Credit Loans and, third, the L/C Obligations to the extent, if any, that the sum of the aggregate outstanding
principal amount of Revolving Credit Loans, the aggregate outstanding principal amount of all Swing Line Loans, the aggregate amount available to be drawn under all outstanding Letters of Credit and the aggregate outstanding amount of all L/C
Obligations, in each case of all Lenders, exceeds the amount of the aggregate Revolving Credit Commitments as so reduced, provided that if the aggregate principal amount of Revolving Credit Loans, Swing Line Loans and L/C Obligations then
outstanding is less than the amount of such excess (because Letters of Credit constitute a portion thereof), the Borrower shall, to the extent of the balance of such excess, replace outstanding Letters of Credit and/or deposit an amount in cash in a
cash collateral account established for the benefit of the Lenders. 
  
 (c) If, subsequent to the Effective Date, the Revolving Credit Loans and Swing Line Loans then outstanding when added to the L/C Obligations then outstanding exceed the Borrowing Base then in effect, the Borrower shall immediately repay
first, the Swing Line Loans and second, the Revolving Credit Loans, in an aggregate principal amount equal to such excess; provided that any such prepayment of Eurodollar Loans shall be made in the order of the Interest Periods
with respect thereto ending nearest to the date such prepayment is required to be made. If, after giving effect to any such repayment, the Swing Line Loans and the Revolving Credit Loans and have been fully repaid and the L/C Obligations then
outstanding exceed the Borrowing Base then in effect, the Borrower shall pay an amount equal to the amount by which the L/C Obligations then outstanding exceed the Borrowing Base then in effect to the Administrative Agent for the benefit of the
Issuing Lender and the Participants. 
  
 (d) The Borrower shall
give the Administrative Agent (which shall promptly notify each Lender) at least one Business Day’s notice of each prepayment or mandatory reduction pursuant to Section 3.4(b) or (c) setting forth the date and amount thereof. Except as
otherwise may be agreed by the Borrower and the Required Lenders, and subject to Section 3.4(b)(iii) and 3.4(c), any prepayment of Loans pursuant to this Section 3.4 shall be applied, first, to any Alternate Base Rate Loans then outstanding
and the balance of such prepayment, if any, to the Eurodollar Loans then outstanding; provided that prepayments of Eurodollar Loans, if not on the last day of the Interest Period with respect thereto, shall, at the option of the Borrower be
prepaid subject to the provisions of Section 3.12 or the amount of such prepayment (after application to any Alternate Base Rate Loans) shall be deposited with the Administrative Agent as cash collateral for the Loans on terms reasonably
satisfactory to the Administrative Agent and thereafter shall be applied in the order of the Interest Periods next ending most closely to the date such prepayment is required to be made and on the last day of each such Interest Period. After such
application, unless an Event of Default shall have occurred and be continuing, any remaining interest earned on such cash collateral shall be paid to the Borrower, as agent for the Borrower. 
  

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 3.5 Interest Rates and Payment Dates. (a) Eurodollar Loans shall bear interest for each day during
each Interest Period applicable thereto, commencing on (and including) the first day of such Interest Period to, but excluding, the last day of such Interest Period, on the unpaid principal amount thereof at a rate per annum equal to the Eurodollar
Rate determined for such Interest Period plus the Applicable Margin. 
  
 (b) Alternate Base Rate Loans shall bear interest for the period from and including the date such Loans are made to, but excluding, the maturity date thereof, or to, but excluding, the conversion date if such Loans are earlier converted
into Eurodollar Loans on the unpaid principal amount thereof at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin. 
  
 (c) If all or a portion of (i) the principal amount of any of the Loans or (ii) any interest payable thereon shall not be paid when due (whether at the
stated maturity, by acceleration or otherwise) such Loan, if a Eurodollar Loan, shall be converted into an Alternate Base Rate Loan at the end of the then-current Interest Period for said Eurodollar Loan (which conversion shall occur automatically
and without need for compliance with the conditions for conversion set forth in Section 3.2), and any such overdue amount shall, without limiting the rights of the Lenders under Section 8, bear interest (which shall be payable on demand) at a rate
per annum which is 2% plus the Alternate Base Rate plus the Applicable Margin (or, in the case of a Eurodollar Loan, the Eurodollar Rate for the Interest Period plus the Applicable Margin plus 2%, if higher) from the date of such non-payment until
paid in full (as well after as before judgment). 
  
 (d) Except as
otherwise expressly provided for in this Section 3.5, interest shall be payable in arrears on each Interest Payment Date. 
  
 3.6 Computation of Interest and Fees. (a) Interest in respect of Alternate Base Rate Loans, at any time that the Alternate Base Rate is determined
by reference to the Prime Rate, and all fees (other than Letter of Credit Fees) hereunder shall be calculated on the basis of a year of 365 (or 366 days, as the case may be) for actual days elapsed. Interest in respect of Eurodollar Loans and in
respect of Alternate Base Rate Loans at any time that the Alternate Base Rate is determined by reference to the Federal Funds Effective Rate and Letter of Credit Fees hereunder shall be calculated on the basis of a 360-day year for the actual days
elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Alternate Base Rate or the
Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change in the Alternate Base Rate is announced or such change in the Eurocurrency Reserve Requirements becomes effective, as the case may
be. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change. 
  
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the
Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower or any Lender, deliver to the Borrower or such Lender a statement showing the quotations used by the Administrative Agent in
determining the Eurodollar Rate. 
  

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 3.7 Certain Fees. The Borrower agrees to pay to the Administrative Agent, for its own account, a
non-refundable agent’s fee in an amount previously agreed to with the Administrative Agent, payable in advance on the first day of each fiscal year of the Borrower thereafter. 
  
 3.8 Inability to Determine Interest Rate. In the event that the Administrative Agent shall have determined (which
determination shall be conclusive and binding upon the Borrower) that (a) by reason of circumstances affecting the interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for any Interest Period
with respect to (i) proposed Loans that the Borrower has requested be made as Eurodollar Loans, (ii) any Eurodollar Loans that will result from the requested conversion of all or part of the Alternate Base Rate Loans into Eurodollar Loans or (iii)
the continuation of any Eurodollar Loan as such for an additional Interest Period, or (b) dollar deposits in the relevant amount and for the relevant period with respect to any such Eurodollar Loan are not generally available to the Lenders in their
respective Eurodollar Lending Offices’ interbank eurodollar markets, the Administrative Agent shall forthwith give telecopy notice of such determination, confirmed in writing, to the Borrower and the Lenders at least one day prior to, as the
case may be, the requested Borrowing Date, the conversion date or the last day of such Interest Period. If such notice is given (i) any requested Eurodollar Loans shall be made as Alternate Base Rate Loans, (ii) any Alternate Base Rate Loans that
were to have been converted to Eurodollar Loans shall be continued as Alternate Base Rate Loans, and (iii) any outstanding Eurodollar Loans shall be converted on the last day of the then current Interest Period applicable thereto into Alternate Base
Rate Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans shall be made and no Alternate Base Rate Loans shall be converted to Eurodollar Loans. 
  
 3.9 Pro Rata Treatment and Payments. (a) Except to the extent
otherwise provided herein, each borrowing of Loans by the Borrower from the Lenders and any reduction of the Revolving Credit Commitments of the Lenders hereunder shall be made pro rata according to the relevant Revolving Credit
Commitment Percentages of the Lenders with respect to the Loans borrowed or the Revolving Credit Commitments to be reduced. 
  
 (b) Whenever any payment received by the Administrative Agent under this Agreement or any other Credit Document is insufficient to pay in full all amounts
then due and payable to the Administrative Agent and the Lenders under this Agreement: 
  
 (i) If the Administrative Agent has not received a Payment Sharing Notice (or, if the Administrative Agent has received a Payment Sharing
Notice but the Event of Default specified in such Payment Sharing Notice has been cured or waived in accordance with the provisions of this Agreement), such payment shall be distributed by the Administrative Agent and applied by the Administrative
Agent and the Lenders in the following order: first, to the payment of fees and expenses due and payable to the Administrative Agent under and in connection with this Agreement and the other Credit Documents; second, to the payment of
all expenses due and payable under Section 10.5, ratably among the Lenders in accordance with the aggregate amount of such payments owed to each such Lender; third, to the payment of fees due and payable under Sections 2.2 and 2.9, ratably
among the Lenders in accordance with the Revolving Credit 
  

 36 

 
Commitment Percentage of each Lender of the Revolving Credit Commitment for which such payment is owed and, in the case of the Issuing Lender, the amount
retained by the Issuing Lender for its own account pursuant to Section 2.9; fourth, to the payment of interest then due and payable on the Loans and the L/C Obligations ratably in accordance with the aggregate amount of interest owed to each
such Lender; and fifth, to the payment of the principal amount of the Loans and the L/C Obligations which is then due and payable ratably among the Lenders in accordance with the aggregate principal amount owed to each such Lender; or

  
 (ii) If the Administrative Agent has received
a Payment Sharing Notice which remains in effect, all payments received by the Administrative Agent under this Agreement or any Note shall be distributed by the Administrative Agent and applied by the Administrative Agent and the Lenders in the
following order: first, to the payment of all amounts described in clauses “first” through “third” of the foregoing clause (i) in the order set forth therein; second, to the payment of the interest
accrued on all Loans and L/C Obligations, regardless of whether any such amount is then due and payable, ratably among the Lenders in accordance with the aggregate accrued interest plus the aggregate principal amount of all Loans and L/C Obligations
then due and payable and owed to such Lender; and third, to the payment of the principal amount of all Loans and L/C Obligations, regardless of whether any such amount is then due and payable, ratably among the Lenders in accordance with the
aggregate principal amount owed to such Lender. 
  
 (c) If any
Lender (a “Non-Funding Lender”) has (x) failed to make a Revolving Credit Loan required to be made by it hereunder, and the Administrative Agent has determined that such Lender is not likely to make such Revolving Credit Loan or (y)
given notice to the Borrower or the Administrative Agent that it will not make, or that it has disaffirmed or repudiated any obligation to make, any Revolving Credit Loan, in each case by reason of the provisions of the Financial Institutions
Reform, Recovery and Enforcement Act of 1989, as amended, or otherwise, (i) any payment made on account of the principal of the Revolving Credit Loans outstanding shall be made as follows: 
  
 (A) in the case of any such payment made on any date when
and to the extent that in the determination of the Administrative Agent the Borrower would be able under the terms and conditions hereof to reborrow the amount of such payment under the Revolving Credit Commitments and to satisfy any applicable
conditions precedent set forth in Section 6 to such reborrowing, such payment shall be made on account of the outstanding Revolving Credit Loans held by the Lenders other than the Non-Funding Lender pro rata according to the respective
outstanding principal amounts of the Revolving Credit Loans of such Lenders; and 
  
 (B) otherwise, such payment shall be made on account of the outstanding Revolving Credit Loans held by the Lenders pro rata
according to the respective outstanding principal amounts of such Revolving Credit Loans; and 
  

 37 

 (ii) any payment made on account of interest on the Revolving Credit Loans shall be made pro rata according
to the respective amounts of accrued and unpaid interest due and payable on the Revolving Credit Loans with respect to which such payment is being made. The Borrower agrees to give the Administrative Agent such assistance in making any determination
pursuant to subparagraph (i)(A) of this paragraph as the Administrative Agent may reasonably request. Any such determination by the Administrative Agent shall be conclusive and binding on the Lenders. 
  
 (d) All payments (including prepayments) to be made by the Borrower on
account of principal, interest and fees shall be made without set-off or counterclaim and shall be made to the Administrative Agent, for the account of the Lenders at the Administrative Agent’s office located at 270 Park Avenue, New York, New
York 10017, in lawful money of the United States and in immediately available funds. The Administrative Agent shall promptly distribute such payments in accordance with the provisions of Section 3.9(b) upon receipt in like funds as received. If any
payment hereunder (other than payments on Eurodollar Loans) would become due and payable on a day other than a Business Day, such payment shall become due and payable on the next succeeding Business Day and, with respect to payments of principal,
interest thereon shall be payable at the then applicable rate during such extension. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding
Business Day (and with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension), unless the result of such extension would be to extend such payment into another calendar month in which
event such payment shall be made on the immediately preceding Business Day. 
  
 (e) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make the amount which would constitute its Revolving Commitment Percentage of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent in accordance with Section 3.1 and the Administrative Agent may, in reliance upon such
assumption, make available to the Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand,
such amount with interest thereon at a rate equal to the daily average Federal Funds Effective Rate for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent
submitted to any Lender with respect to any amounts owing under this Section 3.9(e) shall be conclusive absent manifest error. If such Lender’s Revolving Commitment Percentage of such borrowing is not in fact made available to the
Administrative Agent by such Lender within three Business Days of such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to Alternate Base Rate Loans
hereunder (in lieu of any otherwise applicable interest), on demand, from the Borrower, without prejudice to any rights which any such Borrower or the Administrative Agent may have against such Lender hereunder. Nothing contained in this Section 3.9
shall relieve any Lender which has failed to make available its ratable portion of any borrowing hereunder from its obligation to do so in accordance with the terms hereof. 
  
 (f) The failure of any Lender to make the Loan to be made by it on any Borrowing Date shall not relieve any other Lender of
its obligation, if any, hereunder to make its Loan on such Borrowing Date, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on such Borrowing Date. 
  

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 (g) All payments and optional prepayments (other than prepayments as set forth in Section 3.11 with
respect to increased costs) of Eurodollar Loans hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of all Eurodollar Loans with the same Interest Period
shall not be less than $500,000 or a whole multiple of $100,000 in excess thereof. 
  
 3.10 Illegality. Notwithstanding any other provision herein, if (i) any Change in Law occurring after the date that any lender becomes a Lender party to this Agreement, shall make it unlawful for such Lender to
make or maintain Eurodollar Loans as contemplated by this Agreement, the commitment of such Lender hereunder to make Eurodollar Loans or to convert all or a portion of Alternate Base Rate Loans into Eurodollar Loans shall forthwith be suspended
until such time, if any, as such illegality shall no longer exist and such Lender’s Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to Alternate Base Rate Loans for the duration of the respective Interest
Periods (or, if permitted by applicable law, at the end of such Interest Periods) and all payments of principal which would otherwise be applied to such Eurodollar Loans shall be applied instead to such Lender’s Alternate Base Rate Loans. The
Borrower hereby agrees to pay any Lender, promptly upon its demand, any amounts payable pursuant to Section 3.12 in connection with any conversion in accordance with this Section 3.10 (such Lender’s notice of such costs, as certified in
reasonable detail as to such amounts to the Borrower through the Administrative Agent, to be conclusive absent manifest error). 
  
 3.11 Requirements of Law. (a) In the event that any Change in Law or compliance by any Lender with any request or directive (whether or not having
the force of law) from any central bank or other Governmental Authority occurring after the date that any lender becomes a Lender party to this Agreement: 
  
 (i) does or shall subject any such Lender or its Eurodollar Lending Office to any tax of any kind whatsoever with respect to this
Agreement, any Note or any Eurodollar Loans made by it, or change the basis of taxation of payments to such Lender or its Eurodollar Lending Office of principal, the commitment fee, interest or any other amount payable hereunder (except for (x) net
income and franchise taxes imposed on the net income of such Lender or its Eurodollar Lending Office by the jurisdiction under the laws of which such Lender is organized or any political subdivision or taxing authority thereof or therein, or by any
jurisdiction in which such Lender’s Eurodollar Lending Office is located or any political subdivision or taxing authority thereof or therein, including changes in the rate of tax on the overall net income of such Lender or such Eurodollar
Lending Office, and (y) taxes resulting from the substitution of any such system by another system of taxation, provided that the taxes payable by Lenders subject to such other system of taxation are not generally charged to borrowers from
such Lenders having loans or advances bearing interest at a rate similar to the Eurodollar Rate); 
  
 (ii) does or shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets
held by, or deposits or other liabilities in or for the account of, advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender which are not otherwise included in the determination of the
Eurodollar Rate; or 
  

 39 

 (iii) does or shall impose on such Lender any other condition; 
  
 and the result of any of the foregoing is to increase the cost to such Lender or its
Eurodollar Lending Office of making, converting, renewing or maintaining advances or extensions of credit or to reduce any amount receivable hereunder, in each case, in respect of its Eurodollar Loans, then, in any such case, the Borrower shall
promptly pay such Lender, upon its demand, any additional amounts necessary to compensate such Lender for such additional cost or reduced amount receivable which such Lender deems to be material as determined by such Lender with respect to such
Eurodollar Loans, together with interest on each such amount from the date demanded until payment in full thereof at a rate per annum equal to the Alternate Base Rate plus 1%. 
  
 (b) In the event that any Change in Law occurring after the date that any lender becomes a Lender party to this Agreement
with respect to any such Lender shall, in the opinion of such Lender, require that any Commitment of such Lender be treated as an asset or otherwise be included for purposes of calculating the appropriate amount of capital to be maintained by such
Lender or any corporation controlling such Lender, and such Change in Law shall have the effect of reducing the rate of return on such Lender’s or such corporation’s capital, as the case may be, as a consequence of such Lender’s
obligations hereunder to a level below that which such Lender or such corporation, as the case may be, could have achieved but for such Change in Law (taking into account such Lender’s or such corporation’s policies, as the case may be,
with respect to capital adequacy) by an amount deemed by such Lender to be material, then from time to time following notice by such Lender to the Borrower of such Change in Law as provided in paragraph (c) of this Section 3.11, within 15 days after
demand by such Lender, the Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or such corporation on an after-tax basis, as the case may be, for such reduction. 
  
 (c) The Borrower shall not be required to make any payments to any Lender for
any additional amounts pursuant to this Section 3.11 unless such Lender has given written notice to the Borrower, through the Administrative Agent, of its intent to request such payments prior to or within 60 days after the date on which such Lender
became entitled to claim such amounts. If any Lender has notified the Borrower through the Administrative Agent of any increased costs pursuant to paragraph (a) of this Section 3.11, the Borrower at any time thereafter may, upon at least three
Business Days’ notice to the Administrative Agent (which shall promptly notify the Lenders thereof), and subject to Section 3.12, prepay (or convert into Alternate Base Rate Loans) all (but not a part) of the Eurodollar Loans then outstanding.
Each Lender agrees that, upon the occurrence of any event giving rise to the operation of paragraph (a) of this Section 3.11 with respect to such Lender, it will, if requested by the Borrower and to the extent permitted by law or by the relevant
Governmental Authority, endeavor in good faith to avoid or minimize the increase in costs or reduction in payments resulting from such event (including, without limitation, endeavoring to change its Eurodollar Lending Office); provided, that
such avoidance or minimization can be made in such a manner that such Lender, in its sole determination, suffers no economic, legal or regulatory disadvantage. If any Lender requests compensation from any Borrower under this Section 3.11, the
Borrower may, by notice to such Lender (with a copy to 
  

 40 

 
the Administrative Agent), suspend the obligation of such Lender thereafter to make or continue Loans of the Type with respect to which such compensation is
requested, or to convert Loans of any other Type into Loans of such Type, until the Requirement of Law giving rise to such request ceases to be in effect, provided that such suspension shall not affect the right of such Lender to receive the
compensation so requested. 
  
 (d) Each Lender (and in case of an
Assignee on the date it becomes a Lender) that is not a United States Person (as defined in Section 7701(a)(30) of the Code) for federal income tax purposes either (1) in the case of a Lender that is a “bank” within the meaning of Section
881(c)(3)(A) of the Code, (i) represents to each Borrower (for the benefit of the Borrower and the Administrative Agent) that under applicable law and treaties no taxes are required to be withheld by any Borrower or the Administrative Agent with
respect to any payments to be made to such Lender in respect of the Loans or the L/C Participating Interests, (ii) agrees to furnish to the Borrower, with a copy to the Administrative Agent, either U.S. Internal Revenue Service Form W-8BEN or U.S.
Internal Revenue Service Form W-8ECI (wherein such Lender claims entitlement to complete exemption from U.S. federal withholding tax on all interest payments hereunder) and (iii) agrees (for the benefit of the Borrower and the Administrative Agent),
to the extent it may lawfully do so at such times, to provide the Borrower, with a copy to the Administrative Agent, a new Form W-8BEN or Form W-8ECI upon the expiration or obsolescence of any previously delivered form and comparable statements in
accordance with applicable U.S. laws and regulations and amendments duly executed and completed by such Lender, and to comply from time to time with all applicable U.S. laws and regulations with regard to such withholding tax exemption or (2) in the
case of a Lender that is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (i) represents to each Borrower (for the benefit of the Borrower and the Administrative Agent) that it is not a bank within the meaning of
Section 881(c)(3)(A) of the Code, (ii) agrees to furnish to the Borrower, with a copy to the Administrative Agent, (A) a certificate substantially in the form of Exhibit G hereto (any such certificate, a “Section 3.11(d)(2)
Certificate”) and (B) two accurate and complete original signed copies of Internal Revenue Service Form W-8, certifying to such Lender’s legal entitlement at the Effective Date to an exemption from U.S. withholding tax under the
provisions of Section 881(c) of the Code with respect to all payments to be made under this Agreement, and (iii) agrees, to the extent legally entitled to do so, upon reasonable request by the Borrower, to provide to the Borrower (for the benefit of
the Borrower and the Administrative Agent) such other forms as may be required in order to establish the legal entitlement of such Lender to an exemption from withholding with respect to payments under this Agreement. Notwithstanding any provision
of this Section 3.11 or 3.9(d) to the contrary, the Borrower shall have no obligation to pay any amount to or for the account of any Lender (or the Eurodollar Lending Office of any Lender) on account of any taxes pursuant to this Section 3.11, to
the extent that such amount results from (i) the failure of any Lender to comply with its obligations pursuant to this Section 3.11, (ii) any representation or warranty made or deemed to be made by any Lender pursuant to this Section 3.11(d) proving
to have been incorrect, false or misleading in any material respect when so made or deemed to be made or (iii) any Change in Law or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank
or other Governmental Authority, the effect of which would be to subject to any taxes any payment made pursuant to this Agreement to any Lender making the representation and covenants set forth in Section 3.11(d)(2), which payment would not be
subject to such taxes were such Lender eligible to make and comply with, and actually made and complied with, the representation and covenants set forth in Section 3.11(d)(1) hereinabove. 
  

 41 

 (e) A certificate in reasonable detail as to any amounts submitted by such Lender, through the
Administrative Agent, to the Borrower, shall be conclusive in the absence of manifest error. The covenants contained in this Section 3.11 shall survive the termination of this Agreement and repayment of the Loans. 
  
 3.12 Indemnity. The Borrower agrees to indemnify each Lender and to
hold such Lender harmless from any loss or expense (but without duplication of any amounts payable as default interest) which such Lender may sustain or incur as a consequence of (a) default by the Borrower in payment of the principal amount of or
interest on any Eurodollar Loans of such Lender, including, but not limited to, any such loss or expense arising from interest or fees payable by such Lender to lenders of funds obtained by it in order to make or maintain its Eurodollar Loans
hereunder, (b) default by the Borrower in making a borrowing after the Borrower has given a notice in accordance with Section 3.1 or in making a conversion of Alternate Base Rate Loans to Eurodollar Loans or in continuing Eurodollar Loans as such,
in either case, after the Borrower has given notice in accordance with Section 3.2, (c) default by the Borrower in making any prepayment after the Borrower has given a notice in accordance with Section 3.4 or (d) a payment or prepayment of a
Eurodollar Loan or conversion (including without limitation, as a result of Section 3.4 and/or a conversion pursuant to Section 3.10) of any Eurodollar Loan into an Alternate Base Rate Loan, in either case on a day which is not the last day of an
Interest Period with respect thereto, including, but not limited to, any such loss or expense arising from interest or fees payable by such Lender to lenders of funds obtained by it in order to maintain its Eurodollar Loans hereunder (but excluding
loss of profit). This covenant shall survive termination of this Agreement and repayment of the Loans. 
  
 3.13 Repayment of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of
each Lender (i) the then unpaid principal amount of each Revolving Credit Loan of such Lender on the Revolving Credit Termination Date, and (ii) the then unpaid principal amount of the Swing Line Loans of the Swing Line Lender on the Revolving
Credit Termination Date. The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans from time to time outstanding from the Effective Date until payment in full thereof at the rates per annum and on the dates set
forth in Section 3.5. 
  
 (b) Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing indebtedness of the Borrower to such Lender resulting from each Loan of such Lender from time to time, including the amounts of principal and interest payable and paid to such
Lender from time to time under this Agreement. 
  
 (c) The
Administrative Agent shall maintain the Register pursuant to Section 10.6(d), and a subaccount therein for each Lender, in which shall be recorded the amount of each Revolving Credit Loan, the Type thereof and each 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) both the amount of any sum received by the Administrative Agent hereunder from the Borrower and
each Lender’s share thereof. 
  

 42 

 (d) The entries made in the Register and the accounts of each Lender maintained pursuant to Section
3.13(b) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided that the failure of any Lender or the Administrative
Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by such Lender or to repay any other
obligations in accordance with the terms of this Agreement. 
  
 3.14 Replacement of Lenders. In the event any Lender or the Issuing Lender is a Non-Funding Lender, exercises its rights pursuant to Section 3.10 or requests payments pursuant to Sections 2.10 or 3.11, the Borrower may require, at
the Borrower’s expense (including payment of any processing fees under Section 10.6(e)) and subject to Section 3.12, such Lender or the Issuing Lender to assign, at par plus accrued interest and fees, without recourse (in accordance with
Section 10.6) all of its interests, rights and obligations hereunder (including all of its Commitments and the Loans and other amounts at the time owing to it hereunder and its Notes and its interest in the Letters of Credit) to a bank, financial
institution or other entity specified by the Borrower, provided that (i) such assignment shall not conflict with or violate any law, rule or regulation or order of any court or other Governmental Authority, (ii) the Borrower shall have
received the written consent of the Administrative Agent, which consent shall not unreasonably be withheld, to such assignment, (iii) the Borrower shall have paid to the assigning Lender or the Issuing Lender all monies other than principal,
interest and fees accrued and owing hereunder to it (including pursuant to Sections 2.10, 3.10, 3.11 and 3.12) and (iv) in the case of a required assignment by the Issuing Lender, the Letters of Credit shall be canceled and returned to the Issuing
Lender. 
  
 SECTION 4. REPRESENTATIONS AND WARRANTIES

 In order to induce the Lenders to enter into this Agreement and to make the Loans and to induce the Issuing Lender to issue, and the
Participating Lenders to participate in, the Letters of Credit, HubCo and the Borrower hereby represent and warrant to each Lender and the Administrative Agent as of the Effective Date and as of the making of any extension of credit hereunder:

  
 4.1 Financial Condition. (a) The unaudited consolidated
pro forma balance sheet of Holdings and its consolidated Subsidiaries, as of August 24, 2003 (the “Pro Forma Balance Sheet”), copies of which have been furnished to each Lender, is the unaudited balance sheet of Holdings and its
consolidated Subsidiaries adjusted to give effect (as if such events had occurred on the date set forth therein) to (i) the Transactions and (ii) the incurrence of the Loans and the issuance of the Letters of Credit to be incurred or issued, as the
case may be, on the Effective Date and all Indebtedness of Holdings and its consolidated Subsidiaries expect to incur, and the payment of all amounts Holdings and its consolidated Subsidiaries expect to pay, in connection with the Transactions. The
Pro Forma Balance Sheet, together with the notes thereto, were prepared based on good faith assumptions in accordance with GAAP and is based on the best information available to Holdings and the Borrower as of the date of delivery thereof and
reflects on a pro forma basis the financial position of Holdings and its consolidated Subsidiaries as of August 24, 2003, as adjusted, as described above, assuming that the events specified in the preceding sentence had actually
occurred on such date. 
  

 43 

 (b) The audited consolidated balance sheets of Holdings and its consolidated Subsidiaries as at February
23, 2003 and February 24, 2002 and the related consolidated statements of income and of cash flows for the fiscal years ended on such dates, reported on by and accompanied by an unqualified report from independent certified public accountants of
nationally recognized standing, present fairly the consolidated financial condition of Holdings and its consolidated Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the respective
fiscal years then ended. The unaudited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at August 24, 2003 and the related unaudited consolidated statements of income and cash flows for the six-month period ended on such
date, present fairly the consolidated financial condition of Holdings and its consolidated Subsidiaries as at such date, and the consolidated results of its operations and its consolidated cash flows for the six-month period then ended (subject to
normal year-end audit adjustments). All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by the
aforementioned firm of accountants and disclosed therein). 
  
 4.2
No Change. Since February 23, 2003, (a) there has been no change, and no development or event which has had or could reasonably be expected to have a material adverse effect on (i) the business, assets, condition (financial or otherwise) or
results of operations of Holdings and its Subsidiaries taken as a whole, (ii) the ability of Holdings and its Subsidiaries to perform their obligations under the Credit Documents and with respect to the other financings contemplated hereby or (iii)
the rights and remedies of the Lenders under the Credit Documents and (b) no dividends or other distributions have been declared, paid or made upon the Capital Stock of HubCo nor has any of the Capital Stock of HubCo been redeemed, retired,
repurchased or otherwise acquired for value by HubCo or any of its Subsidiaries, except as permitted under this Agreement. 
  
 4.3 Existence; Compliance with Law. Each of HubCo, the Borrower and their respective Subsidiaries (a) is duly organized and validly existing under
the laws of the jurisdiction of its incorporation except to the extent the failure of any Tier 2 Foreign Entity or immaterial Tier 1 Foreign Entity or Domestic Entity to be duly authorized and validly existing, individually or in the aggregate,
could not reasonably be expected to have a material adverse effect on Holdings and its Subsidiaries taken as a whole, (b) has full power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals
necessary to enable it to use its corporate name and to own, lease or otherwise hold its properties and assets and to carry on its business as presently conducted other than such power, authority, franchises, licenses, permits, authorizations and
approvals the lack of which, individually or in the aggregate, could not reasonably be expected to have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries,
taken as a whole, (c) is duly qualified and in good standing (to the extent such concept is applicable in the applicable jurisdiction) to do business in each jurisdiction in which the nature of its business or the ownership, leasing or holding of
its properties makes such qualification necessary, except such jurisdictions where the failure so to qualify could not reasonably be expected to have a material adverse effect on the business, assets, condition (financial or otherwise) or results of
operations of Holdings and its Subsidiaries, taken as a whole, and (d) is in compliance with all applicable statutes, laws, ordinances, rules, orders, permits and regulations of any governmental authority or instrumentality, domestic or foreign
(including, 
  

 44 

 
without limitation, those related to Hazardous Materials and substances), except where noncompliance could not reasonably be expected to have a material
adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries, taken as a whole. Neither HubCo, the Borrower nor any of their respective Subsidiaries has received any written
communication from a Governmental Authority that alleges that HubCo, the Borrower or any of their respective Subsidiaries is not in compliance with federal, state, local or foreign laws, ordinances, rules and regulations except to the extent such
noncompliance, individually or in the aggregate, could not reasonably be expected to have a material adverse effect on Holdings and its Subsidiaries taken as a whole. 
  
 4.4 Power; Authorization. Each of HubCo, the Borrower and their respective Subsidiaries has the power and authority
to make, deliver and perform each of the Credit Documents to which it is a party, and the Borrower has the power and authority and legal right to borrow hereunder and to have Letters of Credit issued for its account hereunder. Each of HubCo, the
Borrower and their Subsidiaries has taken all necessary action to authorize the execution, delivery and performance of each of the Credit Documents to which it is or will be a party and the Borrower has taken all necessary action to authorize the
borrowings hereunder and the issuance of Letters of Credit for its account hereunder. No consent or authorization of, or filing with, any Person (including, without limitation, any Governmental Authority) is required in connection with the
execution, delivery or performance by HubCo, the Borrower or any of their respective Subsidiaries, or for the validity or enforceability (in accordance with its terms in the United States or, with respect to (A) the Ireland Pledge Agreement, in
Ireland and (B) the Luxembourg Pledge Agreement, in Luxembourg) against HubCo, the Borrower or any of their respective Subsidiaries, of any Credit Document except for consents, authorizations and filings which have been obtained or made and are in
full force and effect and except (i) such consents, authorizations and filings, the failure to obtain or perform (x) which could not have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations
of Holdings and its Subsidiaries taken as a whole and (y) which could not adversely affect the validity or enforceability of any of the Credit Documents or the rights or remedies of the Administrative Agent or the Lenders thereunder, and (ii) such
filings as are necessary to perfect the Liens of the Lenders created pursuant to this Agreement and the Security Documents. 
  
 4.5 Enforceable Obligations. This Agreement and each of the other Credit Documents have been duly executed and delivered on behalf of each Credit
Party that is party thereto. This Agreement and each of the other Credit Documents constitutes the legal, valid and binding obligation of each Credit Party that is party thereto, and is enforceable against each Credit Party that is party thereto in
accordance with its terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting creditors’ rights generally and by general principles of equity (regardless of whether enforcement
is sought in a proceeding in equity or at law). 
  
 4.6 No
Legal Bar. The execution, delivery and performance of each Credit Document, the incurrence or issuance of and use of the proceeds of the Loans and of drawings under the Letters of Credit (a) will not violate any Requirement of Law or any
Contractual Obligation applicable to or binding upon each of Holdings or any Subsidiary of Holdings or any of their respective properties or assets, in any manner which, individually or in the aggregate, (i) would have a material adverse effect on
the ability of Holdings or any such Subsidiary taken 
  

 45 

 
as a whole to perform its obligations under the Credit Documents to which it is a party, (ii) would give rise to any liability on the part of the
Administrative Agent or any Lender, or (iii) would have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries taken as a whole, and (b) will not result in the
creation or imposition of any Lien on any of its properties or assets pursuant to any Requirement of Law applicable to it, as the case may be, or any of its Contractual Obligations, except for the Liens arising under the Security Documents and
Permitted Liens. 
  
 4.7 No Material Litigation. No
litigation by, investigation known to HubCo or the Borrower by, or proceeding of, any Governmental Authority is pending against Holdings or any of its Subsidiaries with respect to the validity, binding effect or enforceability of any Credit
Document, the Loans made hereunder, the use of proceeds thereof, or of any drawings under a Letter of Credit and the other transactions contemplated hereby. No lawsuits, claims, proceedings or investigations are pending or, to the best knowledge of
HubCo or the Borrower, threatened as of the Effective Date against or affecting Holdings or any of its Subsidiaries or any of their respective properties, assets, operations or businesses in which there is a probability of an adverse determination,
and is reasonably likely, if adversely decided, to have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries, taken as a whole. 
  
 4.8 Investment Company Act. Neither HubCo, the Borrower nor any of
their respective Subsidiaries is an “investment company” or a company “controlled” by an “investment company” (as each of the quoted terms is defined or used in the Investment Company Act of 1940, as amended).

  
 4.9 Federal Regulation. No part of the proceeds of any
of the Loans or any drawing under a Letter of Credit will be used for any purpose which violates the provisions of Regulation T, U or X of the Board. Neither HubCo, the Borrower nor any of their respective Subsidiaries is engaged or will engage,
principally or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under
said Regulation U. 
  
 4.10 No Default. HubCo, the Borrower
and each of their respective Subsidiaries have performed all material obligations required to be performed by them under their respective Contractual Obligations and they are not (with or without the lapse of time or the giving of notice, or both)
in breach or default in any respect thereunder, except to the extent that such breach or default would not have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its
Subsidiaries taken as a whole. Neither HubCo, the Borrower nor any of its Subsidiaries is in default under any material judgment, order or decree of any Governmental Authority, domestic or foreign, applicable to it or any of its respective
properties, assets, operations or business, except to the extent that any such defaults could not, in the aggregate, have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and
its Subsidiaries, taken as a whole. 
  
 4.11 Taxes. Except
as set forth on Schedule 4.11, each of HubCo, the Borrower and their respective Subsidiaries has filed or caused to be filed all material tax returns 
  

 46 

 
which, to the knowledge of HubCo and the Borrower, are required to be filed and has paid all taxes shown to be due and payable on said returns or on any
assessments made against it or any of its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority (other than (i) any the amount of which is currently being contested in good faith by
appropriate proceedings and with respect to which reserves (or other sufficient provisions) in conformity with GAAP have been provided on the books of Holdings or its Subsidiaries, as the case may be and (ii) those which, individually or in the
aggregate, are not material to Holdings and its Subsidiaries taken as a whole); and no tax Lien has been filed, and, to the knowledge of HubCo and the Borrower, no written claim is being asserted, with respect to any such tax, fee or other charges.

  
 4.12 Subsidiaries. The Subsidiaries of HubCo and the
Borrower and their jurisdictions of incorporation on the Effective Date are as set forth on Schedule 4.12. 
  
 4.13 Ownership of Property; Liens. As of the Effective Date and as of the making of any extension of credit hereunder (subject to transfers and
dispositions of property permitted under Section 7.5), each of HubCo, the Borrower and their respective Subsidiaries has good and valid title to all of its material assets (other than real property or interests in real property) in each case free
and clear of all mortgages, liens, security interests or encumbrances of any nature whatsoever except Permitted Liens. With respect to real property or interests in real property, as of the Effective Date, each of HubCo, the Borrower and their
respective Subsidiaries has (i) fee title to all of the real property listed on Schedule 4.13 under the heading “Fee Properties” (each, a “Fee Property”), and (ii) good and valid title to the leasehold estates in all of
the real property leased by it and, in the case of any such leasehold estates located in the United States, listed on Schedule 4.13 under the heading “Leased Properties” (each, a “Leased Property”), in each case, free and
clear of all mortgages, liens, security interests, easements, covenants, rights-of-way and other similar restrictions of any nature whatsoever, except (A) Permitted Liens and (B) as to Leased Property, the terms and provisions of the respective
lease therefor, including, without limitation, the matters set forth on Schedule 4.13, and any matters affecting the fee title and any estate superior to the leasehold estate related thereto. The Fee Properties and the Leased Properties constitute,
as of the Effective Date, all of the real property owned in fee or leased by HubCo, the Borrower and their respective Subsidiaries in the United States. 
  
 4.14 ERISA. Neither a Reportable Event nor an “accumulated funding deficiency” (within the meaning of Section 412 of the Code or Section
302 of ERISA) has occurred during the five-year period prior to the date on which this representation is made or deemed made with respect to any Plan that would result in a material liability to Holdings or any of its Subsidiaries, and each Plan has
complied during such period in all material respects with the applicable provisions of ERISA and the Code. Neither Holdings nor any Commonly Controlled Entity has been involved in any transaction that would cause Holdings or any of its Subsidiaries
to be subject to material liability with respect to a Plan to which Holdings or any of its Subsidiaries or any Commonly Controlled Entity contributed or was obligated to contribute during the six-year period ending on the date this representation is
made or deemed made; or incurred any material liability under Title IV of ERISA which would become or remain a material liability of Holdings, or any of its Subsidiaries after the Effective Date. No termination of a Single Employer Plan has
occurred, and no Lien in favor of the PBGC or a Plan has arisen, 

  

 47 

 
during such five-year period that would result in a material liability to Holdings or any of its Subsidiaries. The present value of all accrued benefits
under each Single Employer Plan (based on those assumptions used to fund such Plans) did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made, exceed the value of the assets of such Plan
allocable to such accrued benefits that would result in a material liability to Holdings or any of its Subsidiaries. Neither Holdings, nor any of its Subsidiaries nor any Commonly Controlled Entity has had a complete or partial withdrawal from any
Multiemployer Plan, and neither Holdings, nor any of its Subsidiaries nor any Commonly Controlled Entity would become subject to any liability under ERISA if Holdings or any of its Subsidiaries or any such Commonly Controlled Entity were to withdraw
completely from all Multiemployer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made, in either case that would result in a material liability to Holdings, or any of its Subsidiaries.
To the knowledge of HubCo and the Borrower, no such Multiemployer Plan is in Reorganization or Insolvent. The present value (determined using actuarial and other assumptions which are reasonable in respect of the benefits provided and the employees
participating) of the liability of Holdings, its Subsidiaries and each Commonly Controlled Entity for post retirement benefits to be provided to their current and former employees under Plans which are welfare benefit plans (as defined in Section
3(1) of ERISA) does not, in the aggregate, exceed the assets under all such Plans allocable to such benefits by an amount that would result in a material liability to Holdings or any of its Subsidiaries except as disclosed in the audited financial
statements of the Business provided to the Lenders prior to the Effective Date. For purposes of this Section 4.14, a material liability shall exceed $5,000,000. 
  

4.15 Collateral Documents. (a) The Collateral Agreement is effective to create in favor of the Administrative Agent, for the ratable benefit of
the Lenders, a legal, valid and enforceable security interest in the pledged stock described therein (to the extent such matter is governed by the law of the United States or a jurisdiction therein) and such security interest constitutes a perfected
first lien on, and security interest in, all right, title and interest of the pledgor party thereto in the pledged stock described therein (to the extent such matter is governed by the law of the United States or a jurisdiction therein). 

 
 (b) The Collateral Agreement is effective to create in favor of the
Administrative Agent, for the ratable benefit of the Lenders, a legal, valid and enforceable security interest in the collateral described therein (to the extent such matter is governed by the law of the United States or a jurisdiction therein), and
Uniform Commercial Code financing statements have been filed in each of the jurisdictions listed on Schedule 4.15(b), such security interests constitute, subject to the existence of Permitted Liens, perfected first priority liens on, and security
interests in, all right, title and interest of the debtor party thereto in the collateral described therein, except to the extent that a security interest cannot be perfected therein by the filing of a financing statement or the taking of possession
under the Uniform Commercial Code of the relevant jurisdiction. 
  
 (c) Each Mortgage is effective to create in favor of the Administrative Agent, for the ratable benefit of the Lenders, a legal, valid and enforceable security interest in the collateral described therein and such security interests
constitute, subject to the existence of Permitted Liens, first liens on, and perfected security interests in, all rights, title and interest of the debtor party thereto in the collateral described therein. 
  

 48 

 4.16 Copyrights, Patents, Permits, Trademarks and Licenses. Schedule 4.16 sets forth a true and
complete list as of the Effective Date of all material registered trademarks, trade names, service marks, patents, pending patent applications and registered copyrights and applications therefor owned, used or filed by or licensed to HubCo, the
Borrower and their respective Subsidiaries and, with respect to registered trademarks (if any), contains a list of all jurisdictions in which such trademarks are registered or applied for and all registration and application numbers. Except as set
forth on Schedule 4.16, HubCo, the Borrower or one of their respective Subsidiaries owns or has the right to use, registered trademarks, trade names, service marks, patents, pending patent applications and copyrights and applications therefor
referred to in such Schedule. Except as set forth on Schedule 4.16, to the best knowledge of HubCo and the Borrower, no claims are pending by any Person with respect to the ownership, validity, enforceability or HubCo’s, the Borrower’s or
any Subsidiary’s use of any such registered trademarks, trade names, service marks, patents, pending patent applications and copyrights, or applications therefor, challenging or questioning the validity or effectiveness of any of the foregoing,
in any jurisdiction, domestic or foreign, except to the extent such claims could not reasonably be expected to have a material adverse effect on Holdings and its Subsidiaries, taken as a whole. 
  
 4.17 Environmental Matters. Except insofar as any exceptions to the
following, individually or in the aggregate, could not reasonably be expected to result in a material adverse effect on the business, assets, conditions (financial or otherwise) or operations of Holdings and its Subsidiaries taken as a whole:

  
 (a) to the best knowledge of HubCo and the
Borrower, the properties owned, leased, or otherwise operated by HubCo, the Borrower or any of their respective Subsidiaries do not contain, and have not previously contained, in, on or under, including, without limitation, the soil and groundwater
thereunder, any Hazardous Materials in amounts or concentrations that constitute or constituted a violation of, or could reasonably give rise to liability under, Environmental Laws; 
  
 (b) to the best knowledge of HubCo and the Borrower, the properties owned or leased, or otherwise operated
by HubCo, the Borrower or any of their respective Subsidiaries and all operations and facilities at such properties are in compliance with all Environmental Laws, and there is no contamination or violation of any Environmental Law which could
interfere with the continued operation of, or impair the fair saleable value of, such property; 
  
 (c) neither HubCo, the Borrower nor any of their respective Subsidiaries has received or is aware of any written complaint, notice of
violation, alleged violation, or notice of investigation or of potential liability under Environmental Laws with regard to HubCo, the Borrower or their respective Subsidiaries, nor does HubCo, the Borrower or any of their respective Subsidiaries
have knowledge that any such action is being contemplated, considered or threatened; 
  
 (d) to the best knowledge of HubCo and the Borrower, Hazardous Materials have not been generated, treated, stored or disposed of at, on or
under any properties presently or formerly owned, leased, or otherwise operated by HubCo, the Borrower or 

  

 49 

 
any of their respective Subsidiaries, nor have any Hazardous Materials been transported from any such property, or come to be located at any other property,
in violation of or in a manner that could reasonably give rise to liability under any Environmental Laws; and 
  
 (e) there are no governmental administrative actions or judicial proceedings pending or, to the best knowledge of HubCo and the Borrower,
threatened under any Environmental Law to which HubCo, the Borrower or any of their respective Subsidiaries is a party, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other
administrative or judicial requirements, other than permits authorizing operations by HubCo, the Borrower or any of their respective Subsidiaries, outstanding under any Environmental Law. 
  
 4.18 Accuracy and Completeness of Information. The factual statements contained in the financial statements referred
to in Section 4.1, the Credit Documents (including the schedules thereto), and any other certificates or documents furnished or to be furnished to the Administrative Agent or the Lenders from time to time in connection with this Agreement, taken as
a whole, do not and will not, to the best knowledge of HubCo and the Borrower, as of the date when made, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not
misleading in light of the circumstances in which the same were made, all except as otherwise qualified herein or therein, such knowledge qualification being given only with respect to factual statements made by Persons other than HubCo, the
Borrower or any of their respective Subsidiaries. 
  
 4.19
Holdings. Holdings is a company organized under the laws of Luxembourg on behalf of the Investors and has not carried on any activities, incurred any liabilities, assumed any obligations or acquired any assets prior to the Effective Date
other than those (i) permitted under the Existing Credit Agreement and (ii) incident to the transactions contemplated by the Credit Documents or the Transactions. 
  
 SECTION 5. CONDITIONS PRECEDENT 
  
 5.1 Conditions to Effectiveness. 
  
 (a) Credit Agreement; Security Agreements; Guarantees. The Administrative Agent shall have received a counterpart of
(i) this Agreement executed and delivered by the Administrative Agent, the Lenders and a duly authorized officer of HubCo and the Borrower, (ii) the Collateral Agreement, executed and delivered by a duly authorized officer of each party thereto,
(iii) an Acknowledgement and Consent in the form attached to the Collateral Agreement, executed and delivered by each Issuer (as defined therein), if any, that is not a Loan Party, (iv) the Cyprus Pledge Agreement, executed and delivered by a duly
authorized officer of HubCo, (v) an Ireland Pledge Agreement, executed and delivered by a duly authorized officer of (A) HubCo and (B) the R&D Company, (vi) a Luxembourg Pledge Agreement, executed and delivered by a duly authorized officer of
(A) Holdings and (B) HubCo, (vii) the Parent Guarantee, executed and delivered by a duly authorized officer of each party thereto and (viii) the Subsidiary Guarantee, executed and delivered by a duly authorized officer of each party thereto.

  

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 (b) Pro Forma Balance Sheet; Financial Statements. The Administrative Agent shall have received
(i) the Pro Forma Balance Sheet, (ii) audited consolidated financial statements of Holdings and its consolidated Subsidiaries for the fiscal years ending February 25, 2001, February 24, 2002 and February 23, 2003, (iii) unaudited interim
consolidated financial statements of Holdings and its consolidated Subsidiaries for each fiscal quarter ended after the date of the latest applicable financial statements delivered pursuant to clause (ii) of this paragraph as to which such financial
statements are available. 
  
 (c) Existing Credit
Agreement. The loans under the Existing Credit Agreement shall have been repaid, or arrangements satisfactory to the Administrative Agent for the repayment thereof shall have been made, the commitments under the Existing Credit Agreement shall
have been terminated, all accrued interest and fees thereunder shall have been paid and all liens on the assets of Holdings and its Subsidiaries held by the lenders under thereunder shall have been released. 
  
 (d) Senior Unsecured Notes. The Borrower shall have received at least
$125,000,000 in gross cash proceeds from the issuance of the Senior Unsecured Notes. 
  
 (e) Fees. The Administrative Agent, the Joint Lead Arrangers and the Lenders shall have received all fees, expenses and other consideration presented for payment required to be paid or delivered on or before
the Effective Date. 
  
 (f) Legal Opinion. The
Administrative Agent shall have received, dated the Effective Date and addressed to the Administrative Agent and the Lenders, an opinion of (i) Gibson, Dunn & Crutcher LLP, counsel to the Credit Parties, in substantially the form of Exhibit H,
(ii) Mouaimis & Mouaimis, special Cyprus counsel to HubCo and SRA Technologies Cyprus Limited, in substantially the form of Exhibit I-1, (iii) A&L Goodbody, special Ireland counsel to the R&D Company and Stratus Research &
Development Limited, in substantially the form of Exhibit I-2, (iv) Beghin & Feider, in association with Allen & Overy, special Luxembourg counsel to Holdings, HubCo and Stratus Equity S.à r.l., in substantially the form of Exhibit
I-3, and (v) Hollis & Co., special Bermuda Counsel to Stratus Bermuda, in substantially the form of Exhibit I-4, in each case, with such changes thereto as may be approved by the Administrative Agent and its counsel. 
  
 (g) Pledged Stock; Stock Powers; Pledged Notes. The Administrative
Agent shall have received or have possession of (i) the certificates representing the shares of Capital Stock pledged pursuant to the relevant Security Agreement, together with an undated stock power for each such certificate executed in blank by a
duly authorized officer of the pledgor thereof and (ii) each promissory note pledged to the Administrative Agent pursuant to the relevant Security Agreement endorsed (without recourse) in blank (or accompanied by an executed transfer form in blank)
by the pledgor thereof. 
  
 (h) Closing Certificate. The
Administrative Agent shall have received a Closing Certificate of each Credit Party dated the Effective Date, in substantially the form of Exhibits J and K, respectively, with appropriate insertions and attachments, in form and substance
satisfactory to the Administrative Agent and its counsel, executed by the President or any Vice President and the Secretary or any Assistant Secretary (or other appropriate officers or representatives) of Holdings and its Subsidiaries, respectively.

  

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 (i) Solvency Certificate. The Administrative Agent shall have received a certificate of the chief
financial officer of the Borrower in form and substance reasonably satisfactory to it which shall document the solvency of Holdings and its Subsidiaries after giving effect to the consummation of the Transactions and the other transactions and
related financings contemplated hereby. 
  
 (j) Litigation.
On the Effective Date there shall be no actions, suits, injunctions, restraining orders or proceedings pending or threatened against any Credit Party (a) with respect to this Agreement or any other Credit Document or the transactions contemplated
hereby or thereby which would be reasonably expected to have a material adverse effect on the rights or remedies of the Lenders under the Credit Documents or on the ability of any Credit Party to perform its respective obligations to the Lenders
hereunder or under any other Credit Document or (b) which the Administrative Agent or the Required Lenders shall determine could reasonably be expected to have a material adverse effect on the rights or remedies of the Lenders hereunder or under any
other Credit Document or on the ability of any Credit Party to perform its respective obligations to the Lenders hereunder or under any other Credit Document. 
  

(k) Consents, Approvals and Filings. On the Effective Date, all necessary governmental and other third party authorizations, consents, approvals
or waivers required in connection with the execution, delivery and performance by the Credit Parties, and the validity and enforceability against the Credit Parties, of the Credit Documents to which any of them is a party, or otherwise in connection
with the transactions contemplated by the Credit Documents, shall have been obtained or made and remain in full force and effect (except where the failure to do so would not reasonably be expected to have a material adverse effect on (x) the
business, operations, property, condition (financial or otherwise) of Holdings and its Subsidiaries, taken as a whole, or (y) (I) the validity or enforceability of this Agreement or the other Credit Documents or (II) the rights or remedies of the
Administrative Agent or the Lenders hereunder or thereunder). 
  
 (l) Contractual Restrictions. Neither HubCo, the Borrower nor any of their respective Subsidiaries shall be subject to any contractual or other restrictions that would be violated by the transactions hereby, including the granting of
security interests and guarantees required by this Agreement, except to the extent that any such violation would not reasonably be expected to have a material adverse effect on (i) the business, assets, condition (financial or otherwise) or results
of operations of Holdings and its Subsidiaries, taken as a whole, (ii) (A) the validity or enforceability of this Agreement or the other Credit Documents, or (B) the rights or remedies of the Administrative Agent or the Lenders hereunder or
thereunder, or (iii) the ability of HubCo or the Borrower or any of their respective Subsidiaries taken as a whole to satisfy their obligations hereunder or thereunder. 
  
 (m) Borrowing Base Certificate. The Administrative Agent shall have received a Borrowing Base Certificate dated the
Effective Date, in substantially the form of Exhibit L, certified as true and correct in all material respects by a Responsible Officer of the Borrower setting forth the Borrowing Base and the calculation thereof as of the last day of the preceding
fiscal month and accompanied by such supporting detail and documentation as shall be requested by the Administrative Agent in its reasonable discretion. 
  

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 5.2 Conditions to All Loans and Letters of Credit. The obligation of each Lender to make any Loan
(other than any Revolving Credit Loan the proceeds of which are to be used to repay Refunded Swing Line Loans) and the obligation of the Issuing Lender to issue any Letter of Credit is subject to the satisfaction of the following conditions
precedent on the relevant Borrowing Date: 
  
 (a)
Representations and Warranties. Each of the representations and warranties made in or pursuant to Section 4 or which are contained in any other Credit Document shall be true and correct in all material respects on and as of the date of such
Loan or of the issuance of such Letter of Credit as if made on and as of such date (unless stated to relate to a specific earlier date, in which case, such representations and warranties shall be true and correct in all material respects as of such
earlier date). 
  
 (b) No Default or Event of Default. No
Default or Event of Default shall have occurred and be continuing on such Borrowing Date or after giving effect to such Loan to be made or such Letter of Credit to be issued on such Borrowing Date. 
  
 Each borrowing by the Borrower hereunder and the issuance of each Letter of
Credit by the Issuing Lender hereunder shall constitute a representation and warranty by the Borrower as of the date of such borrowing or issuance that the conditions in clauses (a) and (b) and of this Section 5.2 have been satisfied. 
  
 SECTION 6. AFFIRMATIVE COVENANTS 
  
 Each of HubCo and the Borrower hereby agrees that, so long as the
Commitments remain in effect, any Loan or L/C Obligation remains outstanding and unpaid, any amount (unless cash in an amount equal to such amount has been deposited to a cash collateral account established by the Administrative Agent) remains
available to be drawn under any Letter of Credit or any other amount is owing to any Lender or the Administrative Agent hereunder or under any of the other Credit Documents, it shall, and, in the case of the agreements contained in Sections 6.3
through 6.6, and 6.8 through 6.9, HubCo and the Borrower shall cause each of their respective Subsidiaries to: 
  
 6.1 Financial Statements. Furnish to the Administrative Agent (with sufficient copies for each Lender which the Administrative Agent shall promptly
furnish to each Lender): 
  
 (a) as soon as
available, but in any event within 95 days after the end of each fiscal year of Holdings, a copy of the consolidated balance sheet of Holdings and its consolidated Subsidiaries as at the end of such fiscal year and the related consolidated
statements of stockholders’ equity and cash flows and the consolidated statements of income of Holdings and its Subsidiaries for such fiscal year, setting forth in each case in comparative form the figures for the previous year and, in the case
of the consolidated balance sheet referred to above, reported on, without a “going concern” or like qualification or exception, or qualification arising out of the scope of the audit, or qualification which would affect the computation of
financial covenants, by independent certified public accountants of nationally recognized standing; 
  

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 (b) as soon as available, but in any event not later than 50 days after the end of each
of the first three quarterly periods of each fiscal year of Holdings, the unaudited consolidated balance sheet of Holdings and its Subsidiaries as at the end of each such quarter and the related unaudited consolidated statements of income and cash
flows of Holdings and its Subsidiaries for such quarterly period and the portion of the fiscal year of Holdings through such date, setting forth in each case in comparative form the figures for the corresponding quarter in, and year to date portion
of, the previous year, and the figures for such periods in the budget prepared by the Borrower and furnished to the Administrative Agent, certified by the chief financial officer, controller or treasurer of the Borrower as being fairly stated in all
material respects; 
  
 (c) as soon as available,
but in any event not later than 45 days after the beginning of each fiscal year of Holdings, to which such budget relates, a preliminary consolidated operating budget for Holdings and its Subsidiaries taken as a whole; and as soon as available, any
material revision to or any final revision of any such preliminary annual operating budget or any such consolidated operating budget; and 
  
 (d) concurrently with the delivery of financial statements pursuant to Section 6.1(a) or (b), a certificate of the chief financial officer
or treasurer of the Borrower setting forth, in reasonable detail, the computations of (x) Capital Expenditures, (y) Consolidated EBITDA (for the prior four consecutive fiscal quarters) and (z) the Leverage Ratio as of the last day of the fiscal
period covered by such financial statements; 
  
 all such financial statements to
be complete and correct in all material respects (subject, in the case of interim statements, to normal year-end audit adjustments) and to be prepared in reasonable detail and (except in the case of the statements referred to in paragraphs (c) and
(d) of this Section 6.1) in accordance with GAAP. 
  
 6.2
Certificates; Other Information. Furnish to the Administrative Agent (with sufficient copies for each Lender which the Administrative Agent shall promptly deliver to each Lender): 
  
 (a) concurrently with the delivery of the consolidated financial statements referred to in Section 6.1(a), a
letter from the independent certified public accountants reporting on such financial statements stating that in making the examination necessary to express their opinion on such financial statements no knowledge was obtained of any Default or Event
of Default under Sections 3.4(b), 7.1, 7.3, and 7.5 through 7.9, except as specified in such letter; 
  
 (b) within 15 days of the delivery of the financial statements referred to in Sections 6.1(a) and (b) (except that the certificate
referred to in clause (iii) below shall be delivered concurrently with such financial statements), a certificate of the chief financial officer or treasurer of the Borrower stating that, to the best of such officer’s knowledge, during such
period (i) no Subsidiary has been formed or acquired (or, if any such 

  

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Subsidiary has been formed or acquired, HubCo and the Borrower have complied with the requirements of Section 6.9 with respect thereto), (ii) neither HubCo,
the Borrower nor any of their respective Subsidiaries has changed its name, its principal place of business, its chief executive office or the location of any material item of tangible Collateral without complying with the requirements of this
Agreement and the Security Documents with respect thereto, (iii) each of HubCo, the Borrower and their respective Subsidiaries has observed or performed all of its respective covenants and other agreements, and satisfied every material condition,
contained in this Agreement, and the other Credit Documents to be observed, performed or satisfied by it, and that such officer has obtained no knowledge of any Default or Event of Default except as specified in such certificate, (iv) showing in
detail as of the end of the related fiscal period the figures and calculations supporting such statement in respect of clause (e) of Section 7.1, clauses (b) and (e) of Section 7.3 and Sections 7.6 through 7.9 and any other calculations reasonably
requested by the Administrative Agent with respect to the quantitative aspects of the other covenants contained herein, (v) if not specified in the financial statements delivered pursuant to Section 6.1, specifying the aggregate amount of interest
paid or accrued by Holdings and its Subsidiaries, and the aggregate amount of depreciation, depletion and amortization charged on the books of Holdings and its Subsidiaries, during such accounting period, and (vi) identify any owned Real Property of
the Borrower or a Domestic Subsidiary of the Borrower acquired during such accounting period that, together with any improvements thereon, has a value of at least $2,500,000; 
  
 (c) promptly upon receipt thereof, copies of all final reports submitted to Holdings or to any of its
Subsidiaries by independent certified public accountants in connection with each annual, interim or special audit of the books of Holdings or any of its Subsidiaries made by such accountants, and, upon the request of any Lender (through the
Administrative Agent), any final comment letter submitted by such accountants to management in connection with their annual audit; 
  
 (d) promptly upon their becoming available, copies of all financial statements, reports, notices and proxy statements sent or made
available to the public generally by Holdings or any of its Subsidiaries, if any, and all regular and periodic reports and all final registration statements and final prospectuses, if any, filed by Holdings or any of its Subsidiaries with any
securities exchange or with the Securities and Exchange Commission or any Governmental Authority succeeding to any of its functions; 
  
 (e) concurrently with the delivery of the financial statements referred to in Sections 6.1(a) and (b), a management summary describing and
analyzing the performance of Holdings and its Subsidiaries during the periods covered by such financial statements; 
  
 (f) within 50 days after the end of each fiscal quarter, a summary of all Asset Sales during such fiscal quarter including the amount of
all Net Proceeds from such Asset Sales not previously applied to prepayments of the Loans and reductions of the Revolving Credit Commitments pursuant to the proviso to Section 3.4(b)(ii); 
  

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 (g) as soon as available but in any event on or before the 20th day of each fiscal month,
a Borrowing Base Certificate, certified as true and correct in all material respects by a Responsible Officer of the Borrower setting forth the Borrowing Base and the calculation thereof as of the last day of the preceding fiscal month and
accompanied by such supporting detail and documentation as shall be requested by the Administrative Agent in its reasonable discretion; and 
  
 (h) promptly, such additional financial and other information as any Lender may from time to time reasonably request (through the
Administrative Agent). 
  
 6.3 Payment of Obligations. Pay,
discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its obligations and liabilities of whatever nature, except (a) when the amount or validity thereof is currently being contested in good
faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of Holdings or any of its Subsidiaries, as the case may be, (b) for delinquent obligations which do not have a material
adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries taken as a whole and (c) for trade and other accounts payable in the ordinary course of business which are not
overdue for a period of more than 90 days or, if overdue for more than 90 days, as to which a dispute exists and adequate reserves in conformity with GAAP have been established on the books of Holdings or any of its Subsidiaries, as the case may be.

  
 6.4 Conduct of Business and Maintenance of Existence.
Continue to engage in businesses of the same general type as now conducted by it, and preserve, renew and keep in full force and effect its corporate existence except to the extent that the failure of any Tier 2 Foreign Entity or immaterial Tier 1
Foreign Entity or Domestic Entity to do so could not have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries taken as a whole and take all reasonable action
to maintain all material rights, material privileges, franchises, copyrights, patents, trademarks and trade names necessary or desirable in the normal conduct of its business except for rights, privileges, franchises, copyrights, patents, trademarks
and tradenames the loss of which would not in the aggregate have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries taken as a whole, and, in each case,
except as otherwise permitted by Sections 7.4 and 7.6; and comply with all applicable Requirements of Law except to the extent that the failure to comply therewith could not, in the aggregate, have a material adverse effect on the business, assets,
condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries taken as a whole. 
  
 6.5 Maintenance of Property; Insurance. (a) Keep all property useful and necessary in its business in good working order and condition (ordinary
wear and tear excepted); and 
  
 (b) Maintain with financially
sound and reputable insurance companies insurance on all its property in at least such amounts and with only such deductibles as are usually maintained by, and against at least such risks (but including, in any event, public liability insurance) as
are usually insured against in the same general area by, companies engaged in the same or a similar business, and furnish to each Lender, (i) annually, a schedule disclosing all 

  

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insurance against products liability risk maintained by HubCo, the Borrower and their respective Subsidiaries pursuant to this Section 6.5(b) or otherwise
and (ii) upon written request of any Lender, full information as to the insurance carried; provided that HubCo and the Borrower may implement programs of self insurance in the ordinary course of business and in accordance with industry
standards for a company of similar size so long as reserves are maintained in accordance with GAAP for the liabilities associated therewith. 
  
 6.6 Inspection of Property; Books and Records; Discussions. Keep proper books of record and account in which full, true and correct entries are
made of all dealings and transactions in relation to its business and activities which permit financial statements to be prepared in conformity with GAAP and all Requirements of Law; and permit representatives of any Lender upon reasonable notice
(made through the Administration Agent and no more frequently than quarterly unless a Default or Event of Default shall have occurred and be continuing) to visit and inspect any of its properties and examine and make abstracts from any of its books
and records at any reasonable time and as often as may reasonably be requested upon reasonable notice, and to discuss the business, operations, assets and financial and other condition of HubCo, the Borrower and their respective Subsidiaries with
officers and employees thereof and with their independent certified public accountants with prior reasonable notice to, and coordination with, the chief financial officer or the treasurer of the Borrower. 
  
 6.7 Notices. Promptly give notice to the Administrative Agent (to be
distributed by the Administrative Agent to the Lenders): 
  
 (a) of the occurrence of any Default or Event of Default; 
  
 (b) of any (i) default or event of default under any instrument or other agreement, guarantee or collateral document of Holdings or any of
its Subsidiaries which default or event of default has not been waived and would have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries taken as a whole,
or any other default or event of default under any such instrument, agreement, guarantee or other collateral document which, but for the proviso to clause (e) of Section 8, would have constituted a Default or Event of Default under this Agreement,
or (ii) litigation, investigation or proceeding which may exist at any time between Holdings or any of its Subsidiaries and any Governmental Authority, or receipt of any notice of any environmental claim or assessment against HubCo, the Borrower or
any of their respective Subsidiaries by any Governmental Authority, which in any such case would have a material adverse effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries
taken as a whole; 
  
 (c) of any litigation or
proceeding against Holdings or any of its Subsidiaries (i) in which more than $3,500,000 of the amount claimed is not covered by insurance, or (ii) in which injunctive or similar relief is sought which if obtained would have a material adverse
effect on the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries taken as a whole; 
  

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 (d) of the following events, as soon as practicable after, and in any event within 30
days after, HubCo or the Borrower knows or has reason to know thereof: (i) the occurrence of any Reportable Event with respect to any Plan which Reportable Event could reasonably result in material liability to Holdings and its Subsidiaries taken as
a whole, or (ii) the institution of proceedings or the taking of any other action by PBGC, Holdings or any Commonly Controlled Entity to terminate, withdraw or partially withdraw from any Plan and, with respect to a Multiemployer Plan, the
Reorganization or Insolvency of such Plan, in each of the foregoing cases which could reasonably result in material liability to Holdings and its Subsidiaries taken as a whole, and in addition to such notice, deliver to the Administrative Agent and
each Lender whichever of the following may be applicable: (A) a certificate of a Responsible Officer of the Borrower setting forth details as to such Reportable Event and the action that Holdings, HubCo, the Borrower or such Commonly Controlled
Entity proposes to take with respect thereto, together with a copy of any notice of such Reportable Event that may be required to be filed with PBGC, or (B) any notice delivered by PBGC evidencing its intent to institute such proceedings or any
notice to PBGC that such Plan is to be terminated, as the case may be; 
  
 (e) concurrently with the delivery of the information delivered pursuant to Section 6.2(f) and each prepayment required pursuant to Section 3.4(b)(ii), of any Asset Sale or substantially like-kind exchange of real
property by HubCo, the Borrower or any of their respective Subsidiaries; and 
  
 (f) of a material adverse change known to HubCo, the Borrower or their respective Subsidiaries in the business, assets, condition (financial or otherwise) or results of operations of Holdings and its Subsidiaries
taken as a whole. 
  
 Each notice pursuant to this Section 6.7 shall be
accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and (in the cases of clauses (a) through (d)) stating what action the Borrower proposes to take with respect thereto.

  
 6.8 Environmental Laws. (a) (i) Comply with all
Environmental Laws applicable to it, and obtain, comply with and maintain any and all Environmental Permits necessary for its operations as conducted and as planned; and (ii) take reasonable efforts to ensure that all of its tenants, subtenants,
contractors, subcontractors, and invitees comply with all Environmental Laws, and obtain, comply with and maintain any and all Environmental Permits, applicable to any of them insofar as any failure to so comply, obtain or maintain could result in a
material adverse effect on Holdings and its Subsidiaries taken as a whole. Noncompliance by Holdings or any of its Subsidiaries with any applicable Environmental Law or Environmental Permit shall be deemed not to constitute a breach of this Section
6.8(a); provided that, upon learning of any such noncompliance, HubCo, the Borrower and their respective Subsidiaries shall promptly undertake reasonable efforts to achieve compliance or to contest by appropriate proceedings any alleged
noncompliance and, provided, further, that, in any case, such noncompliance, and any other noncompliance with Environmental Law and any contesting of allegations of noncompliance with Environmental Laws, individually or in the
aggregate, after giving effect to any compliance efforts undertaken, would not reasonably be expected to give rise to a material adverse effect on Holdings and its Subsidiaries taken as a whole. 
  

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 (b) Comply in a timely manner with all orders and lawful directives regarding Environmental Laws issued
to HubCo, the Borrower or any of their respective Subsidiaries by any Governmental Authority, other than such orders and lawful directives as to which an appeal or other challenge has been timely and properly taken in good faith and the pendency of
any and all such appeals and other challenges could not reasonably be expected to give rise to a material adverse effect on the Borrower and its Subsidiaries taken as a whole. 
  
 (c) Maintain, update as appropriate, and implement in all material respects an environmental program reasonably designed to
(i) ensure that HubCo, the Borrower and their respective Subsidiaries, any of their respective operations (including, without limitation, disposal), and any properties owned, leased or operated by any of them, attain and remain in substantial
compliance with all applicable Environmental Laws; (ii) reasonably and prudently manage any liabilities or potential liabilities that the Borrower, any of the other Credit Parties, any of their respective operations (including, without limitation,
disposal), and any properties owned or leased by any of them, may have under all applicable Environmental Laws; and (iii) ensure that HubCo, the Borrower and their respective Subsidiaries undertake reasonable efforts to identify, and reasonably
evaluate, issues of compliance with and liability under Environmental Laws prior to acquiring, directly or indirectly, any ownership or leasehold interest in real property, or other interest in any real property that could give rise to HubCo,
Borrower or any of their respective Subsidiaries being subjected to liability under any Environmental Law as a result of such acquisition. 
  
 6.9 Additional Collateral. (a) Subject to Section 6.9(d), with respect to any assets acquired after the Effective Date by the Borrower or any of
its Domestic Subsidiaries or by HubCo or any of its other Subsidiaries (other than Subsidiaries of any United States Person) that are intended to be subject to the Lien created by any of the Security Documents but which are not so subject (but, in
any event, excluding (x) any assets described in paragraph (b) or (c) of this Section, (y) assets acquired or owned pursuant to Section 7.6(h)(i) that are not equity interests in or assets held by a wholly-owned Subsidiary and (z) immaterial
assets), promptly (and in any event within 30 days after the acquisition thereof): (i) execute and deliver to the Administrative Agent such amendments or supplements to the relevant Security Documents or such other documents as the Administrative
Agent shall deem necessary or advisable to grant to the Administrative Agent, for the benefit of the Lenders, a Lien on such assets, and (ii) take all actions necessary or advisable to cause such Lien to be duly perfected to the extent required by
such Security Document in accordance with all applicable Requirements of Law, including, without limitation, the filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent. 
  
 (b) With respect to any Person that is or becomes a Subsidiary (other than
any Foreign Subsidiary of the Borrower or any other United States Person) that has material assets and/or which is a guarantor under the Senior Unsecured Notes or any Permanent Debt, promptly upon the request of the Administrative Agent: (i) execute
and deliver to the Administrative Agent, for the benefit of the Lenders, a new pledge agreement or such amendments to the relevant pledge agreement or take such other actions as the Administrative Agent reasonably 

  

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shall deem necessary or advisable to grant to the Administrative Agent, for the benefit of the Lenders, a Lien on the Capital Stock of such Subsidiary which
is owned by Holdings or any of its Subsidiaries, (ii) deliver to the Administrative Agent the certificates representing such Capital Stock, together with undated stock powers executed and delivered in blank by a duly authorized officer of Holdings
or such Subsidiary, as the case may be, and (iii) cause such new Subsidiary (A) to become a party to the Parent Guarantee, the Subsidiary Guarantee and/or the Collateral Agreement or such comparable documentation which is in form and substance
reasonably satisfactory to the Administrative Agent, and (B) to take all actions necessary or advisable to cause the Lien created by the Collateral Agreement to be duly perfected to the extent required by such agreement in accordance with all
applicable Requirements of Law, including, without limitation, the filing of financing statements in such jurisdictions as may be reasonably requested by the Administrative Agent. 
  
 (c) With respect to any Person that is or becomes a direct Foreign Subsidiary of the Borrower and that has material assets,
promptly upon the request of the Administrative Agent: (i) execute and deliver to the Administrative Agent a new pledge agreement or such amendments to the relevant pledge agreement or take such other actions as the Administrative Agent reasonably
shall deem necessary or advisable to grant to the Administrative Agent, for the benefit of the Lenders, a Lien on the Capital Stock of such Subsidiary which is owned by the Borrower or any of its Domestic Subsidiaries (provided that in no event
shall more than 65% of the Capital Stock of any such Foreign Subsidiary be required to be so pledged), and (ii) if such Capital Stock is issued in certificated form, deliver to the Administrative Agent any certificates representing such Capital
Stock, together with undated stock powers executed and delivered in blank by a duly authorized officer of the Borrower or such Subsidiary, as the case may be, and take or cause to be taken all such other actions under the law of the jurisdiction of
organization of such Foreign Subsidiary as may be necessary or advisable to perfect such Lien on such Capital Stock, and if reasonably requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters
described in clauses (i) and (ii) immediately preceding, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 
  
 (d) Upon the request of the Administrative Agent, the Borrower will, and will cause its Domestic Subsidiaries to, promptly
grant to the Administrative Agent, within 60 days of such request, security interests and mortgages (a “Mortgage”) in such owned Real Property of the Borrower and its Domestic Subsidiaries as are acquired after the Effective Date by
the Borrower or such Subsidiary and that, together with any improvements thereon, individually have a value of at least $2,500,000, as additional security for the obligations of the Credit Parties under any Credit Document (unless the subject
property is already mortgaged to a third party to the extent permitted by Section 7.2). Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and shall constitute valid
and enforceable perfected Liens subject only to Permitted Liens and such other Liens reasonably acceptable to the Administrative Agent. The Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as
are required by law to establish, perfect, preserve and protect the Liens in favor of the Administrative Agent required to be granted pursuant to the Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in
full. If requested by the Administrative Agent or the Required Lenders, the Borrower shall provide a lender’s title policy with respect to each such 

  

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Mortgage paid for by the Borrower, issued by a nationally recognized title insurance company, together with such endorsements, coinsurance and reinsurance as
may be reasonably requested by the Administrative Agent, in form and substance reasonably acceptable to the Administrative Agent, insuring each Mortgage as a first lien on the relevant Mortgaged Property and subject only to Liens expressly agreed to
by the Administrative Agent. 
  
 SECTION 7. NEGATIVE
COVENANTS 
  
 Each of HubCo and the Borrower hereby agrees
that it shall not, and it shall not permit any of its Subsidiaries to, directly or indirectly so long as the Commitments remain in effect or any Loan, Note or L/C Obligation remains outstanding and unpaid, any amount (unless cash in an amount equal
to such amount has been deposited to a cash collateral account established by the Administrative Agent) remains available to be drawn under any Letter of Credit or any other amount is owing to any Lender or the Administrative Agent hereunder or
under any other Credit Document (it being understood that each of the permitted exceptions to each of the covenants in this Section 7 is in addition to, and not overlapping with, any other of such permitted exceptions except to the extent expressly
provided): 
  
 7.1 Indebtedness. Create, incur, assume or
suffer to exist any Indebtedness, except: 
  
 (a) the
Indebtedness outstanding on the Effective Date and reflected on Schedule 7.1(a), including the refinancing of any such Indebtedness on terms and conditions taken as a whole no less favorable to Holdings and its Subsidiaries or the Lenders;

  
 (b) Indebtedness consisting of the Loans and in connection
with the Letters of Credit and this Agreement; 
  
 (c)
Indebtedness of any Domestic Entity or Foreign Entity to any Domestic Entity or Foreign Entity or to Holdings; provided, that (i) the aggregate amount of Indebtedness owed to Domestic Entities by Foreign Entities at any time outstanding
(except for Indebtedness otherwise permitted under this Section 7.1) shall not exceed $30,000,000 plus the sum of any amounts dividended or distributed by any Foreign Entity to any Domestic Entity less the sum of (A) the aggregate amount of any
obligations of Foreign Entities guaranteed by Domestic Entities pursuant to Section 7.3(c) and (B) the aggregate amount of any investments made in Foreign Entities by Domestic Entities pursuant to Section 7.6(b), and (ii) the aggregate amount of
Indebtedness owed to Domestic Entities and Tier 1 Foreign Entities by Tier 2 Foreign Entities at any time outstanding (except for Indebtedness otherwise permitted under this Section 7.1) shall not exceed $15,000,000 plus the sum of any amounts
dividended or distributed by any Tier 2 Foreign Entity to any Domestic Entity or any Tier 1 Foreign Entity (and not retransferred to a Tier 2 Foreign Entity), less the sum of (A) the aggregate amount of any obligations of Tier 2 Foreign Entities
guaranteed by Domestic Entities or Tier 1 Foreign Entities pursuant to Section 7.3(c) and (B) the aggregate amount of any investments made in Tier 2 Foreign Entities by Domestic Entities or Tier 1 Foreign Entities pursuant to Section 7.6(b), and
provided further that Indebtedness of any Domestic Entity or Foreign Entity to any Domestic Entity or Foreign Entity financed with contributions of equity after the Effective Date to the payee of such indebtedness directly or
indirectly from Holdings or the Investors or any Affiliate of the Investors shall be 

  

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permitted hereunder, to the extent such equity proceeds are not used to finance acquisitions pursuant to Section 7.6. For purpose of this Section 7.1(c), the
payment, or intercompany loans or advances for such purpose, by HubCo, the Borrower or any Subsidiary of HubCo of expenses and operating costs of HubCo, the Borrower or any Subsidiary of HubCo (x) incurred in the ordinary course of business,
provided that any such payment by HubCo, the Borrower or any Subsidiary of HubCo of expenses and operating costs of Foreign Subsidiaries of HubCo or the Borrower pursuant to this clause (x) shall be promptly repaid by such Foreign
Subsidiaries as soon as such Foreign Subsidiaries have funds available to make such repayment and any such repayment shall not increase the amount of loans which may be made to such Foreign Subsidiaries pursuant to clause (i) or (ii) of the first
proviso to this paragraph, or (y) incurred in association with the initial establishment, start up and capitalization of HubCo and its Subsidiaries shall not be considered to be a loan, advance, dividend or other investment, and shall be permitted
under this Agreement and such payments shall not reduce any permitted amounts to be so made as specified herein; provided, however, that any transfer of assets acquired in or as a result of the Cemprus Acquisition to any Tier 1 Foreign
Entity shall not constitute a loan, advance or other investment by a Domestic Entity in a Foreign Entity for purposes of determining compliance with the monetary limitations set forth in this Section 7.1(c) and any transfer of the Capital Stock of
any Tier 2 Foreign Entity acquired in the Cemprus Acquisition to any other Tier 2 Foreign Entity shall not constitute a loan, advance or other investment by a Domestic Entity in a Foreign Entity for purposes of determining compliance with the
monetary limitations set forth in this Section 7.1(c); 
  
 (d)
Indebtedness of HubCo and its Subsidiaries for industrial revenue bonds or other similar governmental and municipal bonds, for the deferred purchase price of newly acquired property and to finance equipment of HubCo and its Subsidiaries (pursuant to
purchase money mortgages or otherwise and whether owed to the seller or a third party) used in the ordinary course of business (provided such financing is entered into within 180 days of the acquisition of such property) of HubCo and its
Subsidiaries in an amount (based on the remaining balance of the obligations therefor on the books of HubCo and its Subsidiaries) which shall not exceed $5,000,000 in the aggregate at any one time outstanding and Indebtedness of HubCo and its
Subsidiaries in respect of Financing Leases to the extent Section 7.7 would not be contravened; 
  
 (e) other unsecured Indebtedness of HubCo and its Subsidiaries (other than non-Credit Parties) in an aggregate principal amount at any one time
outstanding not in excess of $15,000,000; 
  
 (f) Indebtedness in
respect of letters of credit (other than Letters of Credit issued hereunder) in an aggregate principal amount equal to $5,000,000 at any one time outstanding; 
  

(g) (i) Indebtedness of HubCo or any of its Subsidiaries assumed in connection with acquisitions permitted by Section 7.6(g) (so long as such
Indebtedness was not incurred in anticipation of such acquisitions), (ii) Indebtedness of newly acquired Subsidiaries of the HubCo acquired in such acquisitions (so long as such Indebtedness was not incurred in anticipation of such acquisition) and
(iii) Indebtedness of HubCo or any of its Subsidiaries owed to the seller or any third party in any acquisition permitted by Section 7.6(g) constituting part of the purchase price thereof or incurred to finance any such acquisition; provided
that, after giving pro forma 

  

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effect to any such Indebtedness and related acquisition, either (A) the Leverage Ratio for the most recently ended four fiscal quarters for which the
appropriate financial information is available immediately preceding the date on which such Indebtedness is incurred would have been less than 2.5 to 1.0, (B) the Leverage Ratio for the most recently ended four fiscal quarters for which the
appropriate financial information is available immediately preceding the date on which such Indebtedness is incurred would have been less than 3.0 to 1.0 and the amount of such Indebtedness, together with all other Indebtedness outstanding pursuant
to this Section 7.1(g) would not exceed $30,000,000 in the aggregate on the date such Indebtedness is incurred or (C) the Leverage Ratio for the most recently ended four fiscal quarters for which the appropriate financial information is available
immediately preceding the date on which such Indebtedness is incurred would have been greater than or equal to 3.0 to 1.0 and the amount of such Indebtedness, together with all other Indebtedness outstanding pursuant to this Section 7.1(g) would not
exceed $15,000,000 in the aggregate on the date such Indebtedness is incurred; 
  
 (h) Indebtedness in connection with workmen’s compensation obligations and general liability exposure of HubCo and its Subsidiaries; 
  
 (i) additional unsecured subordinated indebtedness of HubCo and its Subsidiaries, provided that (i) such Indebtedness
shall not exceed $10,000,000 in aggregate principal amount at any time outstanding plus any additional principal amount of such Indebtedness issued in lieu of cash interest on such outstanding Indebtedness or any refinancing thereof, (ii) no part of
the principal amount of such Indebtedness shall have a maturity date earlier than the one year anniversary of the Revolving Credit Termination Date, (iii) the non-default interest rate thereon shall not exceed 12% per annum and (iv) such
Indebtedness shall be subordinated to the obligations of the Credit Parties under the Credit Documents on customary terms and conditions; 
  
 (j) (i) Indebtedness of any Subsidiary organized under the laws of the Republic of Ireland in an aggregate amount not in excess of the equivalent at the
date of incurrence thereof of $7,500,000 to finance a research and development facility in Ireland and (ii) other Indebtedness of Foreign Subsidiaries of HubCo in an aggregate principal amount at any time outstanding not in excess of the equivalent
at the date of each incurrence thereof of $15,000,000; 
  
 (k)
Indebtedness of the Borrower under (i) the Senior Unsecured Notes and (ii) Permanent Debt issued after the Effective Date in an aggregate principal amount at any time outstanding not to exceed (A) the sum of $170,000,000 in aggregate principal
amount of Permanent Debt plus any accreted amount plus accrued interest thereon and the amount of related fees, expenses and premiums less (B) the aggregate principal amount of Indebtedness then outstanding pursuant to preceding
clause (i) (after giving effect to any repayment thereof with the proceeds of the Permanent Debt), the proceeds (net of any fees and expenses in connection therewith) of which shall be applied to prepay, redeem, retire or repurchase either the
Senior Unsecured Notes or Permanent Debt; provided that, (a)(I) no Default or Event of Default has occurred and is continuing or, after giving pro forma effect to the issuance of such refinanced Senior Unsecured Notes or
Permanent Debt, as the case may be (in each such case, “Replacement Debt”), would result from therefrom, (II) the weighted average life to maturity of such Replacement Debt shall not be shorter than the weighted average life to
maturity of the Indebtedness such Replacement Debt is refinancing, and (III) the terms and conditions of such 

  

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Replacement Debt (including, without limitation, the covenant and event of default provisions thereof but excluding interest rate and any call protection
provisions) taken as a whole shall be at least as favorable to the Borrower and the Lenders as the Indebtedness being refinanced, and (b)(I) a “red herring” prospectus or its equivalent, if any, describing the terms of such Replacement
Debt shall have been furnished to the Administrative Agent prior to the marketing such Replacement Debt and (II) substantially final drafts of the documentation governing any such Replacement Debt, showing the terms thereof, shall have been
furnished to the Administrative Agent at least 5 days prior to the date of issuance of such Replacement Debt; 
  
 (l) Indebtedness of the Borrower, HubCo and any of their Subsidiaries owing to the Borrower, HubCo or any of their Subsidiaries in connection with the
Transactions; and 
  
 (m) Indebtedness under the Lucent Note.

  
 7.2 Limitation on Liens. Create, incur, assume or
suffer to exist any Lien upon any of its property, assets, income or profits, whether now owned or hereafter acquired, except: 
  
 (a) Liens for taxes, assessments or other governmental charges not yet delinquent or which are being contested in good faith and by appropriate
proceedings if adequate reserves with respect thereto are maintained on the books of HubCo, the Borrower or the relevant Subsidiary, as the case may be, in accordance with GAAP; 
  
 (b) carriers’, warehousemen’s, mechanics’, landlords’, materialmen’s, repairmen’s or other
like Liens arising in the ordinary course of business in respect of obligations which are not yet due or which are bonded or which are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are
maintained on the books of HubCo, the Borrower or the relevant Subsidiary, as the case may be, in accordance with GAAP; 
  
 (c) pledges or deposits in connection with workmen’s compensation, unemployment insurance and other social security legislation; 
  
 (d) deposits to secure the performance of bids, tenders, trade or government
contracts (other than for borrowed money), leases, licenses, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
  
 (e) easements (including, without limitation, reciprocal easement
agreements), rights-of-way, building, zoning and similar restrictions, utility agreements, covenants, reservations, restrictions, encroachments, changes, and other similar encumbrances or title defects incurred, or leases or subleases granted to
others, in the ordinary course of business, which do not in the aggregate materially detract from the aggregate value of the properties of Holdings and its Subsidiaries, taken as a whole, or in the aggregate materially interfere with or adversely
affect in any material respect the ordinary conduct of the business of Holdings and its Subsidiaries on the properties subject thereto, taken as a whole; 
  
 (f) Liens in favor of the Administrative Agent and the Lenders pursuant to the Credit Documents, including Liens pursuant to the Credit Documents in
respect of Currency Agreements and Interest Rate Agreements, and bankers’ liens arising by operation of law; 
  

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 (g) Liens on property of HubCo or any of its Subsidiaries created solely for the purpose of securing (i)
Indebtedness permitted by Section 7.1(d) representing or incurred to finance, refinance or refund the purchase price of property, (ii) Indebtedness not exceeding $15,000,000 in aggregate amount at any time outstanding permitted by Section 7.1(g) (so
long as in the case of clauses (i) and (ii) of Section 7.1(g) such Lien was not incurred in anticipation of the related acquisition), or (iii) Indebtedness not exceeding $22,500,000 in aggregate amount at any time outstanding permitted by Section
7.1(j), provided that any Lien securing Indebtedness incurred in connection with Section 7.1(j)(ii) shall only be permitted to extend to or cover the property of the respective Foreign Subsidiary of HubCo; and provided further
that no such Lien incurred in connection with Indebtedness pursuant to Section 7.1(d) or 7.1(g) or 7.1(j)(i) shall extend to or cover other property of HubCo or such Subsidiary other than the respective property so acquired, and the principal amount
of Indebtedness secured by any such Lien shall at no time exceed the original purchase price of such property; provided, however, that Liens on property of HubCo or any of its Subsidiaries securing Indebtedness permitted by Section
7.1(g) in excess of $15,000,000 shall be permitted under this Section 7.2(g) so long as (x) with respect to Indebtedness permitted by clause (iii) of Section 7.1(g), (1) a valid and enforceable second priority Lien on such property shall have been
established in favor of the Administrative Agent, for the ratable benefit of the Lenders, on terms otherwise consistent with the Security Documents and (2) an intercreditor agreement in connection therewith shall have been entered into on terms
reasonably satisfactory to the Administrative Agent and (y) with respect to Indebtedness permitted by clauses (i) and (ii) of Section 7.1(g), HubCo and the Borrower shall only be required to use their commercially reasonable efforts to comply with
the requirements of clauses (x)(1) and (2) above; 
  
 (h) Liens
existing on the Effective Date and described in Section 3.13 or Schedule 7.2(h) (including the extension of any Liens listed on such Schedule relating to any Indebtedness permitted under Section 7.1(a) in connection with any refinancing of such
Indebtedness permitted by such Section), provided that no such Lien shall extend to or cover other property of HubCo, the Borrower or their respective Subsidiaries other than the respective property so encumbered and the principal amount of
Indebtedness secured by any such Lien shall at no time exceed the original principal amount of the Indebtedness so secured; 
  
 (i) Liens on documents of title and the property covered thereby securing Indebtedness in respect of the Commercial L/Cs; 
  
 (j) (i) mortgages, liens, security interests, restrictions, encumbrances or
any other matter of record that have been placed by any developer, landlord or other third party on property over which HubCo, the Borrower or any of their respective Subsidiaries has easement rights or on any Leased Property and subordination or
similar agreements relating thereto and (ii) any condemnation or eminent domain proceedings affecting any real property; 
  
 (k) Liens in connection with workmen’s compensation obligations and general liability exposure of HubCo, the Borrower and their respective
Subsidiaries; 
  
 (l) Liens on goods (and proceeds thereof)
financed with drawings under commercial letters of credit securing reimbursement obligations in respect of such commercial letters of credit issued in accordance with the terms of this Agreement; 
  

 65 

 (m) Liens on the research and development facility in Ireland referred to in Section 7.1(j)(i) that
secure foreign currency hedging transactions, provided that the aggregate amount of all Liens on such property shall not exceed $7,500,000 at any time; 
  

(n) Liens incurred in the ordinary course of business of HubCo or any of its Subsidiaries with respect to obligations (other than Indebtedness) not
exceeding $5,000,000 at any one time outstanding and that do not in the aggregate materially detract from the value of the property or materially impair the use thereof in the operation of business by HubCo or such Subsidiary; 
  
 (o) any provision for the retention of title to an asset by the vendor or
transferor of such asset which asset is acquired by HubCo or any of its Subsidiaries in a transaction entered into in the ordinary course of business of HubCo or such Subsidiary; 
  
 (p) judgment Liens arising as a result of any litigation or legal proceeding; provided that such Lien is released on
or prior to the earlier of (i) 90 days following the date on which such Lien arises and (ii) the date such judgment shall have been vacated, discharged, stayed or bonded pending appeal. 
  
 (q) Liens on cash collateral in an amount up to $2,500,000 securing the obligations of HubCo or its Subsidiaries in
connection with Currency Agreements or Interest Rate Agreements entered into with any Lender or their Affiliates. 
  
 7.3 Limitation on Contingent Obligations. Create, incur, assume or suffer to exist any Contingent Obligation except: 
  
 (a) the Guarantees; 
  
 (b) other guarantees by HubCo or the Borrower incurred in the ordinary course
of business for an aggregate amount not to exceed $2,000,000 at any one time; 
  
 (c) guarantees by any Domestic Entity or any Foreign Entity of obligations of any Domestic Entity or any Foreign Entity, provided, that (i) the aggregate amount of the obligations of Foreign Entities guaranteed
by Domestic Entities (except for guarantees otherwise permitted under this Section 7.3) shall not exceed $30,000,000 plus the sum of any amounts dividended or distributed by any Foreign Entity to any Domestic Entity, less the sum of (A) the
aggregate outstanding amount of any Indebtedness of Foreign Entities owed to Domestic Entities pursuant to Section 7.1(c) and (B) the aggregate amount of any investments made in Foreign Entities by Domestic Entities pursuant to Section 7.6(b), and
(ii) the aggregate amount of the obligations of Tier 2 Foreign Entities guaranteed by Domestic Entities and Tier 1 Foreign Entities (except for guarantees otherwise permitted under this Section 7.3) shall not exceed $15,000,000 plus the sum of any
amounts dividended or distributed by any Tier 2 Foreign Entity to any Domestic Entity or Tier 1 Foreign Entity (and not retransferred to a Tier 2 Foreign Entity), less the sum of (A) the aggregate outstanding amount of any Indebtedness of Tier 2
Foreign Entities owed to Domestic Entities or Tier 1 Foreign Entities pursuant to Section 7.1(c) and (B) the aggregate amount of any investments made in Tier 2 Foreign Entities by Domestic Entities or Tier 1 Foreign Entities pursuant to Section
7.6(b). For purpose of this Section 7.3(c), the payment, or intercompany loans or advances for such purpose, (i) by HubCo, the Borrower or 

  

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any Subsidiary of HubCo of expenses and operating costs of HubCo, the Borrower or any Subsidiary of HubCo (x) incurred in the ordinary course of business,
provided that any such payment by HubCo, the Borrower or any Subsidiary of HubCo of expenses and operating costs of Foreign Subsidiaries of HubCo or the Borrower pursuant to this clause shall be promptly repaid by such Foreign Subsidiaries as
soon as such Foreign Subsidiaries have funds available to make such repayment and any such repayment shall not increase the amount of guarantees permitted pursuant to clause (i) or (ii) of the first proviso to this paragraph, or (y) incurred in
association with the initial establishment, start up and capitalization of HubCo and its Subsidiaries shall not be considered to be a loan, advance, dividend or other investment, and shall be permitted under this Agreement and such payments shall
not reduce any permitted amounts to be so made as specified herein; provided, however, that any transfer of assets acquired in or as a result of the Cemprus Acquisition to any Tier 1 Foreign Entity shall not constitute a loan, advance
or other investment by a Domestic Entity in a Foreign Entity for purposes of determining compliance with the monetary limitations set forth in this Section 7.3(c) and any transfer of the Capital Stock of any Tier 2 Foreign Entity acquired in the
Cemprus Acquisition to any other Tier 2 Foreign Entity shall not constitute a loan, advance or other investment by a Domestic Entity in a Foreign Entity for purposes of determining compliance with the monetary limitations set forth in this Section
7.3(c); 
  
 (d) Contingent Obligations existing on the Effective
Date and described in Schedule 7.3(d) and Contingent Obligations relating to any Indebtedness permitted under Section 7.1(a); 
  
 (e) guarantees of obligations to third parties in connection with relocation of employees of HubCo, the Borrower or any of their respective Subsidiaries,
in an amount which, together with all loans and advances made pursuant to Section 7.6(f), shall not exceed $5,000,000 at any time outstanding; 
  
 (f) Contingent Obligations in connection with workmen’s compensation obligations and general liability exposure of HubCo, the Borrower and their
respective Subsidiaries; 
  
 (g) indemnity obligations in respect
of certain contingent obligations of Platinum Equity, LLC under the Indemnity Agreement, dated as of February 11, 2003; 
  
 (h) subordinated guarantees in respect of Indebtedness permitted under Section 7.1(i) issued by Subsidiaries of HubCo which have also issued Guarantees,
provided that such subordinated guarantees are subordinated to the Guarantees on substantially the same basis as such Indebtedness is subordinated to the Loans; 
  
 (i) guarantees by Subsidiaries of Holdings in respect of the Senior Unsecured Notes and Permanent Debt. 
  
 7.4 Prohibition of Fundamental Changes. Enter into any merger or
consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution), or engage in any type of business other than of the same general type now conducted by it, except (a) for the transactions otherwise
permitted pursuant to clause (b) of 

  

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Section 7.5, (b) any entity acquired in a Permitted Acquisition pursuant to Section 7.6(g) may be merged with or into HubCo or any of its Subsidiaries so
long as the resulting entity is a Subsidiary of Holdings (c) any Subsidiary of HubCo (other than the Borrower and its Subsidiaries) may be merged with and into HubCo or a wholly-owned Subsidiary of HubCo, (d) any Domestic Subsidiary of the Borrower
may be merged with and into the Borrower or a wholly-owned Domestic Subsidiary of HubCo or the Borrower, (e) any Foreign Subsidiary of the Borrower may be merged with and into the Borrower or a wholly-owned Subsidiary of HubCo or the Borrower, (f)
Subsidiaries with a net book value not greater than $100,000 may be dissolved and (g) any Subsidiary may otherwise be dissolved; provided that upon dissolution, the assets of such Subsidiary are transferred to HubCo (or, in the case of a
Subsidiary of the Borrower, the Borrower) or one of its (or, in the case of a Subsidiary of the Borrower, the Borrower’s) wholly-owned Domestic Subsidiaries (or, in the case of a dissolution of a Foreign Subsidiary, such assets are transferred
to HubCo (or, in the case of a Subsidiary of the Borrower, the Borrower) or one of its (or, in the case of a Subsidiary of the Borrower, the Borrower’s) wholly-owned Subsidiaries) on the terms and subject to the conditions set forth in Section
7.5(b); provided, however, that any transfer of assets acquired in or as a result of the Cemprus Acquisition to any Tier 1 Foreign Entity shall be permitted under this Section 7.4 and any transfer of the Capital Stock of any Tier 2
Foreign Entity acquired in the Cemprus Acquisition to any other Tier 2 Foreign Entity shall be permitted under this Section 7.4. 
  
 7.5 Prohibition on Sale of Assets. Convey, sell, lease (other than a sublease of real property), assign, transfer or otherwise dispose of
(including through a transaction of merger or consolidation of any Subsidiary) any of its property, business or assets (including, without limitation, other payments and receivables but excluding leasehold interests), whether now owned or hereafter
acquired, except: 
  
 (a) for sales or other dispositions of
inventory in the ordinary course of business; 
  
 (b) that HubCo
or any Subsidiary of HubCo (other than the Borrower) may sell, lease, transfer, or otherwise dispose of any or all of its assets (upon voluntary liquidation or otherwise) to, and any Subsidiary of HubCo (other than the Borrower) may merge with and
into HubCo or any of its Subsidiaries (or, (A) in the case of the Borrower or any Domestic Subsidiary of the Borrower, the Borrower or a wholly-owned Domestic Subsidiary of the Borrower or (B) in the case of any Foreign Subsidiary of the Borrower,
the Borrower or a wholly-owned Subsidiary of the Borrower), and (x) HubCo or any Subsidiary of HubCo may sell or otherwise dispose of, or part with control of any or all of, the Capital Stock of any Subsidiary (other than the Borrower) to the
Borrower or any other wholly-owned Domestic Subsidiary of HubCo and (y) HubCo or any Tier 1 Foreign Entity may sell or otherwise dispose of, or part with control of any or all of, the Capital Stock any Tier 1 Foreign Entity to any other Tier 1
Foreign Entity, provided that no such transaction may be effected if it would result in the transfer of any assets of, or any Capital Stock of, HubCo, the Borrower or any other Credit Party to, or the merger with and into, another Subsidiary
all of the Capital Stock of which owned by HubCo or any Subsidiary has not been pledged to the Administrative Agent and which has not guaranteed the obligations of the Borrower, for the benefit of the Lenders, under this Agreement, and granted liens
or security interests in favor of the Administrative Agent, for the benefit of the Lenders, on substantially all of its assets to secure such guarantee, pursuant to a guarantee, security agreement and other documentation reasonably satisfactory to
the Administrative Agent, provided further that any such sale, lease, transfer or disposition of any assets, including any license, other than transfers in the ordinary course of business, shall constitute an investment for purposes of
Section 7.6(b); 
  

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 (c) leases or subleases of Fee Properties and other real property owned in fee or leased; 
  
 (d) any condemnation or eminent domain proceedings affecting any real
property, provided that the parties hereto agree that the net proceeds received in connection with such proceeding shall be deemed not to constitute “Net Proceeds” if such net proceeds are reinvested in new or existing properties
within eighteen months; 
  
 (e) substantially like-kind exchanges
of real property; provided that only any cash received by HubCo or any Subsidiary of HubCo in connection with such an exchange (net of all costs and expenses incurred in connection with such transaction or with the commencement of operation
of real property received in such exchange) shall be deemed to be Net Proceeds and shall be applied as provided for in Section 3.4(b)(ii); 
  
 (f) for the sale or other disposition of any property that, in the reasonable judgment of the Borrower has become uneconomic, obsolete or worn out, and
which is sold or disposed of in the ordinary course of business; 
  
 (g) (i) for the sale leaseback or other disposition of a research and development facility in Ireland, (ii) for the sales or dispositions of any property the aggregate amount of the net proceeds received in respect of which shall not exceed
$1,000,000 during any fiscal year of Holdings and (iii) for the sales or dispositions of any property the aggregate amount of the net proceeds received in respect of which shall not exceed $10,000,000 during the term of this Agreement; 

 
 (h) any sale or disposition of any interest in property, provided
that (i) the net proceeds of any such sale shall constitute Net Proceeds only to the extent such net proceeds are not reinvested in new or existing properties or pursuant to Section 7.6(h) within twelve months from the date of such sale, (ii) if the
property so sold constituted Collateral under the Security Documents then any property purchased with the net proceeds thereof shall be mortgaged or pledged, as the case may be, for the benefit of the Lenders if required by Section 6.9 and in
accordance therewith and (iii) the aggregate outstanding amount of net proceeds held by HubCo, the Borrower and their respective Subsidiaries for reinvestment in respect of any property sold pursuant to this paragraph shall not exceed $12,000,000 at
any time; and 
  
 (i) for the disposition of Cash Equivalents,
Investment Grade Securities or cash in the ordinary course of business. 
  
 7.6 Limitation on Investments, Loans and Advances. Make any advance, loan, extension of credit or capital contribution to, or purchase any stock, bonds, notes, debentures or other securities of, or make any other investment in
(including, without limitation, any acquisition of all or any substantial portion of the assets, and any acquisition of a business or a product line, of other companies, other than the acquisition of inventory in the ordinary course of business),
any Person (except to the extent permitted by Section 7.7), except: 
  

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 (a) loans or advances, to the extent, in each case, the Indebtedness created thereby is permitted by
Section 7.1(c); 
  
 (b) any Domestic Entity or Foreign Entity may
make investments in, or create, any other Domestic Entity or Foreign Entity (by way of capital contribution or otherwise), provided that (i) the requirements of Section 6.9 are satisfied, (ii) the aggregate amount of investments made by
Domestic Entities in Foreign Entities (except for investments otherwise permitted under this Section 7.6) shall not exceed $30,000,000 plus the sum of any amounts dividended or distributed by any Foreign Entity to any Domestic Entity less the sum of
(A) the aggregate outstanding amount of any Indebtedness of Foreign Entities owed to Domestic Entities pursuant to Section 7.1(c) and (B) the aggregate amount of any obligations of Foreign Entities guaranteed by Domestic Entities pursuant to Section
7.3(c), and (iii) the aggregate amount of investments made by Domestic Entities and Tier 1 Foreign Entities in Tier 2 Foreign Entities (except for investments otherwise permitted under this Section 7.6) shall not exceed $15,000,000 plus the sum of
any amounts dividended or distributed by any Tier 2 Foreign Entity to any Domestic Entity or Tier 1 Foreign Entity (and not retransferred to a Tier 2 Foreign Entity), less the sum of (A) the aggregate outstanding amount of any Indebtedness of Tier 2
Foreign Entities owed to Domestic Entities or Tier 1 Foreign Entities pursuant to Section 7.1(c) and (B) the aggregate amount of any obligations of Tier 2 Foreign Entities guaranteed by Domestic Entities or Tier 1 Foreign Entities pursuant to
Section 7.3(c), and provided, further that any Domestic Entity or Foreign Entity may make investments in any other Domestic Entity or Foreign Entity financed with contributions of equity after the Effective Date directly or indirectly
to the entity making such investment from Holdings or the Investors or any Affiliate of the Investors, to the extent such equity proceeds are not used to finance acquisitions pursuant to Section 7.6; provided, however, that any
transfer of assets acquired in or as a result of the Cemprus Acquisition to any Tier 1 Foreign Entity shall not constitute an investment by a Domestic Entity in a Foreign Entity for purposes of determining compliance with the monetary limitations
set forth in this Section 7.6(b) and any transfer of the Capital Stock of any Tier 2 Foreign Entity acquired in the Cemprus Acquisition to any other Tier 2 Foreign Entity shall not constitute an investment by a Domestic Entity in a Foreign Entity
for purposes of determining compliance with the monetary limitations set forth in this Section 7.6(b); 
  
 (c) HubCo, the Borrower and their respective Subsidiaries may invest in, acquire and hold cash, Cash Equivalents and Investment Grade Securities and (ii)
make loans in an aggregate amount at any time outstanding not to exceed $1,000,000 in connection with a sale of assets permitted by Section 7.5; 
  
 (d) HubCo, the Borrower and their respective Subsidiaries may make payroll advances in the ordinary course of business; 
  
 (e) HubCo, the Borrower and their respective Subsidiaries may acquire and
hold receivables owing to it, if created or acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms (provided that nothing in this clause (e) shall prevent HubCo, the Borrower or any
of their respective Subsidiaries from offering such concessionary trade terms, or from receiving such investments, in connection with the bankruptcy or reorganization of their respective suppliers or customers or the settlement of disputes with such
customers or suppliers arising in the ordinary course of business, as management deems reasonable in the circumstances); 
  
  

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 (f) HubCo, the Borrower or any of their respective Subsidiaries may make travel and entertainment
advances and relocation and other loans and advances to officers and employees of HubCo, the Borrower or any such Subsidiary, provided that the aggregate principal amount of all such loans and advances outstanding at any one time, together
with the guarantees of such loans and advances made pursuant to Section 7.3(e), shall not exceed $5,000,000 at any one time outstanding; 
  
 (g) HubCo and its Subsidiaries may make expenditures to acquire all or a portion of the Capital Stock or assets of any Person engaged primarily in one or
more businesses in which the Borrower and its Subsidiaries are engaged or directly related thereto (“Permitted Acquisitions”); provided that, after giving pro forma effect to any such acquisition and the
financing thereof, (i) either (A) the amount of the consideration (including assumed Indebtedness permitted pursuant to Sections 7.1(g)(i) and (ii), but excluding amounts paid to acquire cash) in connection with such acquisition does not exceed
$35,000,000 without the prior written consent of the Required Lenders and/or (B) the Borrower elects (by prior written notice to the Administrative Agent) to treat all or a portion of such expenditures as “Capital Expenditures” for the
purposes of this Agreement, including, but not limited to Section 7.7, and such expenditures are permitted under Section 7.7, (ii) the provisions of Section 6.9 are satisfied, (iii) no Default or Event of Default has occurred and is continuing or
would result therefrom, and (iv) the total amount of consideration (including assumed Indebtedness permitted pursuant to Sections 7.1(g)(i) and (ii), but excluding amounts paid to acquire cash) in connection with all Permitted Acquisitions pursuant
to clause (i)(A) above shall not exceed in the aggregate $60,000,000 during the term of this Agreement without the consent of the Required Lenders, provided further that additional consideration in connection with Permitted
Acquisitions funded with the proceeds of any concurrent issuance of Capital Stock by Holdings shall be permitted in an amount up to $100,000,000 in the aggregate; 
  
 (h) (i) the Borrower, HubCo or any of its Subsidiaries may make investments in, or loans or investments to, joint ventures
or other Persons engaged primarily in one or more businesses in which the Borrower and its Subsidiaries are engaged or generally related thereto or (ii) make expenditures in connection with the development and integration of technology of HubCo and
its Subsidiaries in connection with an agreement or other arrangement with a third party (any such expenditures shall deemed not to be operating expenses for all purposes under this Agreement), in an aggregate amount in respect of clauses (i) and
(ii) not to exceed $25,000,000 without the prior written consent of the Required Lenders, provided that additional investments, loans or expenditures made pursuant to this paragraph (h) funded with the proceeds of any concurrent issuance of
Capital Stock by Holdings shall be permitted in an amount up to $50,000,000 in the aggregate (plus the sum of (i) any amounts dividended or distributed to HubCo or the Borrower or any Domestic Subsidiary of HubCo or the Borrower (whichever party is
making such investment, loan or expenditure) by such joint venture or other Person and (ii) the net cash proceeds of any issuance of Capital Stock by Holdings to, or any capital contribution to Holdings by, the Investors or their Affiliates (which
has not been used to increase the Base Amount of Capital Expenditures permitted under Section 7.7 for any period) and/or any incurrence of Indebtedness permitted under Section 7.1(i) in respect of loans made by the Investors or their Affiliates);
provided that at the time of and after giving effect thereto no Default or Event of Default shall have occurred and be continuing or would result therefrom; and 
  

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 (i) the Option Cancellation Payors may make the loans, capital contributions and other transfers
contemplated by the Option Cancellation Payments; 
  
 (j) the
Borrower, HubCo or any of their Subsidiaries may make intercompany loans, capital contributions or other transfers in connection with the Transactions; 
  
 (k) HubCo or any of its Subsidiaries may make investments in the form of stock, obligations or securities received by HubCo or such Subsidiaries in
satisfaction of judgments, foreclosure of liens or settlement of debts in favor of HubCo or such Subsidiaries (whether pursuant to a plan of reorganization or similar arrangement); and 
  
 (l) any securities or assets received or other investments made as a result of the receipt of non-cash consideration from
any disposition of assets. 
  
 For purposes of this Section 7.6,
the payment, or intercompany loans or advances for such purpose, by HubCo, the Borrower or any Subsidiary of HubCo of expenses and operating costs of HubCo, the Borrower or any Subsidiary of HubCo (x) incurred in the ordinary course of business,
provided that, any such payment by HubCo, the Borrower or any Subsidiary of HubCo of expenses and operating costs of Foreign Subsidiaries of HubCo or the Borrower pursuant to this clause (x) shall be promptly repaid by such Foreign
Subsidiaries as soon as such Foreign Subsidiaries have funds available to make such repayment and any such repayment shall not increase the amount of investments which may be made in such Foreign Subsidiaries pursuant to this paragraph (b)(v) of
this Section or (y) incurred in association with the initial establishment, start up and capitalization of HubCo and its Subsidiaries; in each case shall not be considered to be a loan, advance, dividend or other investment, and shall be permitted
under this Agreement and such payments shall not reduce any permitted amounts to be so made as specified herein. 
  
 7.7 Capital Expenditures. Make or commit to make any Capital Expenditures, except that HubCo, the Borrower and their respective Subsidiaries may
make or commit to make Capital Expenditures not exceeding the amount set forth below (the “Base Amount”) for each of the fiscal years (in each case, ending on the last Sunday in February of such fiscal year) of Holdings set forth
below: 
  

				
	 Fiscal Year

	  	Base Amount

	 FY 2004
	  	$	25,500,000
		
	 FY 2005
	  	$	24,000,000
		
	 FY 2006
	  	$	28,000,000
		
	 FY 2007
	  	$	30,000,000
		
	 FY 2008
	  	$	32,000,000

  
  

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 provided that (i) for any period set forth above, commencing in the 2004 fiscal year of Holdings, the Base Amount
set forth above may be increased by a maximum of 50% of the Base Amount for any such period by carrying over to any such period any portion of the Base Amount (as increased) not spent in the immediately preceding period, (ii) for each period of
Holdings, the Base Amount for such period set forth above shall be increased by the amount of any net cash proceeds from the issuance of Capital Stock of Holdings to, or any capital contribution to Holdings by, the Investors or their Affiliates
(which has not been used to make investments pursuant to Section 7.6(h)) and (iii) for each period of Holdings, the Base Amount for such period set forth above shall be increased in the event any Person or assets of such Person (an “Acquired
Person”) is acquired as permitted herein by an amount equal to 110% of the amount of capital expenditures (determined in accordance with GAAP) of such Acquired Person for the twelve months prior to the date it was acquired
(“Acquired Capital Expenditures”); provided that, with respect to the fiscal year in which such Person becomes an Acquired Person, the Base Amount shall be increased by the product of (A) the Acquired Capital Expenditures of
such Acquired Person times (B) a fraction, the numerator of which is the number of days remaining in the fiscal year of Holdings in which such Acquired Person was acquired and the denominator of which is 365; and provided, further,
that, notwithstanding anything to the contrary herein, additional Capital Expenditures may be made with net proceeds received in property sales or dispositions under Sections 7.5(g) and 7.5(h). 
  
 7.8 Currency Agreements and Interest Rate Agreements. Enter into,
create, incur, assume or suffer to exist any Currency Agreements or Interest Rate Agreements or obligations in respect thereof except in the ordinary course of business for non-speculative purposes. 
  
 7.9 Limitation on Dividends. Declare any dividends on any shares of
any class of Capital Stock, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, retirement or other acquisition of any shares of any class of Capital Stock, or any warrants or
options to purchase such Capital Stock, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of HubCo, the Borrower or any of their
respective Subsidiaries; except that: 
  
 (a) (i) Subsidiaries may
pay dividends to the Borrower or to Domestic Subsidiaries of the Borrower which are directly or indirectly wholly-owned by the Borrower (or, in case of Foreign Subsidiaries, to the Borrower or Subsidiaries of the Borrower which are directly or
indirectly wholly-owned by the Borrower) and (ii) Subsidiaries of HubCo other than the Borrower and Subsidiaries of the Borrower may pay dividends to HubCo or to Domestic Subsidiaries of HubCo which are directly or indirectly wholly-owned by HubCo
(or, in the case of Foreign Subsidiaries (other than of the Borrower) to HubCo or Subsidiaries of HubCo which are directly or indirectly wholly-owned by HubCo) and (iii) any Subsidiary organized under the laws of the Republic of Ireland may pay
dividends to its employee shareholders; 
  
 (b) HubCo, the
Borrower and their respective Subsidiaries may pay or make dividends or distributions to any holder of its Capital Stock in the form of additional shares of Capital Stock of the same class and type; 
  

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 (c) HubCo may repurchase or provide the funds to HubCo or Holdings to repurchase Capital Stock of
Holdings owned by former, present or future employees of Holdings or its Subsidiaries or their assigns, estates and heirs, provided that the aggregate amount expended by HubCo pursuant to this clause (c) shall not in the aggregate exceed
$2,500,000 in any calendar year (with unused amounts in any calendar year being carried over to succeeding calendar years, up to a maximum aggregate amount of expenditures by HubCo pursuant to this clause (c) of $5,000,000 in any calendar year),
plus any amounts contributed to HubCo as a result of resales of such repurchased shares of Capital Stock; 
  
 (d) the Borrower or HubCo may make distributions to Holdings to allow Holdings to pay its operating and administrative expenses in an amount not to exceed
$2,000,000 per fiscal year and (ii) the Borrower, HubCo or its Subsidiaries may make distributions directly or indirectly to Holdings in amounts equal to amounts required for Holdings to pay taxes to the extent Holdings is liable for such taxes and
such taxes are attributable to the operations of the HubCo and its Subsidiaries; provided, however, that HubCo and the Borrower shall not make any such tax distributions in excess of its and its Subsidiaries stand alone tax liability
in respect of such taxes; 
  
 (e) the Option Cancellation Payors
may make the Option Cancellation Payment; 
  
 (f) the Transactions
shall be permitted; and 
  
 (g) non-cash repurchases of equity
interests of Holdings deemed to occur as a result of the surrender of such equity interests for cancellation in connection with the exercise of stock options or warrants as a result of the payment of all or a portion of the exercise price of such
options or warrants shall not be prohibited by this Section 7.9. 
  
 7.10 Transactions with Affiliates. Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliate except for transactions which are
otherwise permitted under this Agreement and which are in the ordinary course of HubCo’s or a Subsidiary’s business and which are upon fair and reasonable terms no less favorable to HubCo or such Subsidiary than it would obtain in a
hypothetical comparable arm’s length transaction with a Person not an Affiliate, provided that nothing in this Section 7.10 shall prohibit HubCo or its Subsidiaries from engaging in the following transactions: (x) the performance of
HubCo’s or any Subsidiary’s obligations under any employment contract, collective bargaining agreement, employee benefit plan, related trust agreement or any other similar arrangement heretofore or hereafter entered into in the ordinary
course of business, (y) the payment of compensation to employees, officers, directors or consultants in the ordinary course of business, or (z) the maintenance of benefit programs or arrangements for employees, officers or directors, including,
without limitation, vacation plans, health and life insurance plans, deferred compensation plans, and retirement or savings plans and similar plans, in each case, in the ordinary course of business. In addition, nothing in this Section 7.10 shall
prohibit the Borrower, HubCo or their respective Subsidiaries from making the loans, payments, transfers, capital contributions, distributions or investments contemplated by the Transactions including, without limitation, the Option Cancellation
Payments. 
  

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 7.11 Limitation on Changes in Fiscal Year. Permit the fiscal year of Holdings to end on a day
other than on or about the last Sunday in February. 
  
 7.12
Limitation on Lines of Business. Enter into any business, either directly or through any Subsidiary, except for those businesses in which HubCo or any Subsidiary is engaged on the date of this Agreement (or which are directly related thereto
or generally related thereto). 
  
 7.13 Amendments to Certain
Documents. Amend, modify, waive or terminate any provisions of the Marketing Services Agreement or the R&D Services Agreements in a manner which is materially adverse to the Lenders, without the consent of the Administrative Agent, which
consent shall not be unreasonably withheld. 
  
 7.14
Limitation on Prepayments and Amendments of Certain Debt. (a) Optionally prepay, retire, redeem, purchase, defease or exchange, or make or arrange for any mandatory prepayment, retirement, redemption, purchase or defeasance of any
Indebtedness outstanding pursuant to Section 7.1(i), 7.1(k) (except that Indebtedness permitted pursuant to Section 7.1(k) (1) may be refinanced in accordance with the provisions of such Section, (2) may be redeemed by the Borrower with the net cash
proceeds of an IPO to the extent permitted under the Senior Unsecured Note Indenture or other “equity clawback” provisions applicable to Permanent Debt for the redemption of such Permanent Debt prior to the time such Permanent Debt may
otherwise be redeemed by the Borrower and (3) may be redeemed by the Borrower in an aggregate amount up to $50,000,000 of the greater of (x) consideration paid in respect thereof and (y) aggregate principal amount redeemed pursuant to this clause
(3), provided that, on the date such redemption is to be made pursuant to this subclause (3), (A) the aggregate amount of Revolving Credit Loans outstanding is less than $5,000,000 and (B) the Leverage Ratio for the most recently ended four
fiscal quarters immediately preceding such date for which the appropriate financial information is available would have been 2.5 to 1.0 or lower) or 7.1(m), (b) make or arrange for any optional payment on the Lucent Note (whether on account of
principal, interest or otherwise), (c) waive, amend, supplement, modify, terminate or release any of the provisions of any such Indebtedness outstanding pursuant to Section 7.1(i) if, after giving effect to such waiver, amendment, supplement,
modification, termination or release, such Indebtedness would not have been permitted to be incurred pursuant to such Section, or (d) waive, amend, supplement, modify, terminate or release any of the provisions of any such Indebtedness outstanding
pursuant to Section 7.1(k) or the Lucent Note without the prior consent of the Administrative Agent, to the extent that any such waiver, amendment, supplement, modification, termination or release would be materially adverse to the Lenders.

  
 7.15 Maintenance of Minimum Consolidated EBITDA. As of
the last day of any fiscal quarter, permit Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date to be less than $35,000,000. 
  
 SECTION 8. EVENTS OF DEFAULT 
  
 Upon the occurrence and during the continuance of any of the following events: 
  

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 (a) The Borrower shall fail to (i) pay any principal of any Loan or Note when due in accordance with the
terms hereof or thereof or to reimburse the Issuing Lender in accordance with Section 2.8 or (ii) pay any interest on any Loan or Note or any other amount payable hereunder within five days after any such interest or other amount becomes due in
accordance with the terms thereof or hereof; or 
  
 (b) Any
representation or warranty made or deemed made by any Credit Party in any Credit Document shall prove to have been incorrect in any material respect on or as of the date made or deemed made; or 
  
 (c) HubCo or the Borrower shall default in the observance or performance of
any agreement contained in Section 6.7(a) or 6.9 or Section 7 of this Agreement or Holdings shall default in the observance or performance of any agreement contained in Section 10(b) of the Parent Guarantee; or 
  
 (d) Any Credit Party shall default in the observance or performance of any
other agreement contained in any Credit Document and such default shall continue unremedied for a period of 30 days; or 
  
 (e) HubCo or any of its Subsidiaries shall (i) default in any payment of principal of or interest on or other amounts in respect of any Indebtedness
(other than the Loans, the L/C Obligations and any inter-company debt), Currency Agreement or Interest Rate Agreement or in the payment of any Contingent Obligation, beyond the period of grace, if any, provided in the instrument or agreement under
which such Indebtedness, Currency Agreement, Interest Rate Agreement or Contingent Obligation was created; or (ii) default in the observance or performance of any other agreement or condition relating to any such Indebtedness, Currency Agreement,
Interest Rate Agreement or Contingent Obligation or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to
cause, or to permit the holder or holders of such Indebtedness, the part or parties to such Currency Agreements or Interest Rate Agreements or beneficiary or beneficiaries of such Contingent Obligation (or a trustee or agent on behalf of such holder
or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity, any applicable grace period having expired, such Currency Agreement or Interest Rate Agreement
to be terminated any applicable grace period having expired or such Contingent Obligation to become payable, any applicable grace period having expired; in each case, provided that the aggregate principal amount of all such Indebtedness,
Currency Agreements, Interest Rate Agreements and Contingent Obligations under which a default exists or which would then become due or payable equals or exceeds $10,000,000; or 
  
 (f) (i) Holdings or any of its Subsidiaries shall commence any case, proceeding or other action (A) under any existing or
future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it as bankrupt or insolvent, or
seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian or other similar official for it or for
all or any substantial part of its 

  

 76 

 
assets, or Holdings or any of its Subsidiaries shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against
Holdings or any of its Subsidiaries any case, proceeding or other action of a nature referred to in clause (i) above which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed,
undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced against Holdings or any of its Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process
against all or any substantial part of its assets which results in the entry of an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) Holdings or
any of its Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) Holdings or any of its Subsidiaries shall generally
not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or 
  
 (g) (i) Any Person shall engage in any non-exempt “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code)
involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan shall arise on the assets of HubCo
or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which
Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the Required Lenders, likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan
shall terminate for purposes of Title IV of ERISA, (v) Holdings or any Commonly Controlled Entity shall, or in the reasonable opinion of the Required Lenders is likely to, incur any liability in connection with a withdrawal from, or the Insolvency
or Reorganization of, a Multiemployer Plan or (vi) any other events or conditions shall occur or exist with respect to a Plan, and such event or condition, together with all other such events or conditions, relating to a Plan, if any, would be
reasonably likely to subject Holdings or any of its Subsidiaries to any tax, penalty or other liabilities in the aggregate resulting in a material adverse effect to Holdings and its Subsidiaries taken as a whole; or 
  
 (h) One or more judgments or decrees shall be entered against Holdings or any
of its Subsidiaries involving in the aggregate a liability (to the extent not paid or to the extent not covered by insurance or indemnities to the extent the Borrower, in its reasonable good faith judgment, believes that such judgment or decree will
be paid when due by the parties providing such indemnities) of $10,000,000 or more and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within the time required by the terms of such judgment; or

  
 (i) Any Credit Document shall cease, for any reason, to be in
full force and effect or any Credit Party or any of its Subsidiaries shall so assert in writing, or any Security Document shall cease to be effective to grant a perfected Lien on the collateral described therein with the priority purported to be
created thereby (other than as a result of any action or inaction on the part of the Administrative Agent or the Lenders), subject to such exceptions as may be permitted therein or herein, and in the case of any Security Agreement, such condition
shall continue unremedied for 30 days after notice thereof to the Borrower by the Administrative Agent or any Lender; or 
  

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 (j) There shall have occurred a Change of Control; or 
  
 (k) The subordination provisions of any document governing any Indebtedness
permitted under Section 7.1(i) shall cease, for any reason, to be valid or any Credit Party or any of its Subsidiaries shall so assert in writing; 
  
 then, and in any such event, (a) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with respect to the Borrower, automatically
(i) the Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts owing under this Agreement shall immediately become due and payable, and (ii) all obligations of the Borrower in respect of
the Letters of Credit, although contingent and unmatured, shall become immediately due and payable and the Issuing Lender’s obligations to issue the Letters of Credit shall immediately terminate and (b) if such event is any other Event of
Default, so long as any such Event of Default shall be continuing, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the
Administrative Agent shall, by notice to the Borrower, declare the Commitments and the Issuing Lender’s obligations to issue the Letters of Credit to be terminated forthwith, whereupon the Commitments and such obligations shall immediately
terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice of default to the Borrower, (A) declare all or a portion of the Loans
hereunder (with accrued interest thereon) and all other amounts owing under this Agreement to be due and payable forthwith, whereupon the same shall immediately become due and payable, and (B) declare all or a portion of the obligations of the
Borrower in respect of the Letters of Credit, although contingent and unmatured, to be due and payable forthwith, whereupon the same shall immediately become due and payable and/or demand that the Borrower discharge any or all of the obligations
supported by the Letters of Credit by paying or prepaying any amount due or to become due in respect of such obligations. All payments under this Section 8 on account of undrawn Letters of Credit shall be made by the Borrower directly to a cash
collateral account established by the Administrative Agent for such purpose for application to the Borrower’s reimbursement obligations under Section 2.8 as drafts are presented under the Letters of Credit, with the balance, if any, to be
applied to the Borrower’s obligations under this Agreement as the Administrative Agent shall determine with the approval of the Required Lenders. Except as expressly provided above in this Section 8, presentment, demand, protest and all other
notices of any kind are hereby expressly waived. 
  
 SECTION 9.
THE AGENTS; THE ISSUING LENDER  
  
 9.1
Appointment. Each Lender hereby irrevocably designates and appoints JPMCB as the Administrative Agent and GSCP as the Syndication Agent under this Agreement and irrevocably authorizes JPMCB as Administrative Agent and for such Lender to take
such action on its behalf under the provisions of the Credit Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of the Credit Documents, together with such other powers
as are reasonably incidental thereto. 
  

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 Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any
duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into the Credit Documents or
otherwise exist against the Administrative Agent. 
  
 9.2
Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and each of the other Credit Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all
matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care, except as otherwise provided in Section 9.3. 
  
 9.3 Exculpatory Provisions. Neither any Agent nor any of its officers,
directors, employees, agents, attorneys-in-fact or Affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with the Credit Documents (except for its or such Person’s own
gross negligence or willful misconduct), or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Credit Party or any `officer thereof contained in the Credit Documents or in any
certificate, report, statement or other document referred to or provided for in, or received by the Agents under or in connection with, the Credit Documents or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of the
Credit Documents or for any failure of any Credit Party to perform its obligations thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, any Credit Document, or to inspect the properties, books or records of any Credit Party. 
  
 9.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any Note,
entries maintained in the Register, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Borrower), independent accountants and other experts selected by the
Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent.
The Administrative Agent shall be fully justified in failing or refusing to take any action under any Credit Document unless it shall first receive such advice or concurrence of the Required Lenders (or, where a higher percentage of the Lenders is
expressly required hereunder, such Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take
any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under any Credit Document in accordance with a request of the Required Lenders (unless a higher percentage of Lenders is
expressly required), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Notes. 
  

 79 

 9.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of
the occurrence of any Default or Event of Default hereunder unless the Administrative Agent has received written notice from a Lender or the Borrower or any other Credit Party referring to this Agreement, describing such Default or Event of Default
and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall promptly give notice thereof to the Lenders. The Administrative Agent shall take such
action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders; provided that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but
shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 
  
 9.6 Non-Reliance on Administrative Agent and Other Lenders. Each
Lender expressly acknowledges that none of the Agents nor any of their officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereafter
taken, including any review of the affairs of the Credit Parties, shall be deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender represents to the Agents that it has, independently and without reliance upon any
Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of Holdings
and its Subsidiaries and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon any Agent or any other Lender, and based on such documents
and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under the Credit Documents, and to make such investigation as it deems necessary to inform
itself as to the business, operations, property, financial and other condition and creditworthiness of Holdings and its Subsidiaries. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the
Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, financial and other condition or
creditworthiness of the Credit Parties which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
  
 9.7 Indemnification. The Lenders agree to indemnify each Agent in its
capacity as such (to the extent not reimbursed by the Credit Parties and without limiting the obligation of the Credit Parties to do so), ratably according to the respective amounts of their respective Revolving Credit Commitments (or, to the extent
such Revolving Credit Commitments have been terminated, according to the respective outstanding principal amounts of the Loans and the L/C Obligations and the respective obligations, whether as Issuing Lender or a Participating Lender, under the
Letter of Credit), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including without limitation at any time
following the payment of the Loans) be imposed on, incurred by or asserted against such Agent in any way relating to or arising out of the Credit Documents or any documents contemplated by or referred to herein or the transactions contemplated
hereby or any action taken or omitted by such Agent 

  

 80 

 
under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from such Agent’s gross negligence or willful misconduct. The agreements in this Section 9.7 shall survive the repayment of
the Loans and all other amounts payable hereunder. 
  
 9.8
Agent in its Individual Capacity. Each Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with Holdings and its Subsidiaries as though the Administrative Agent were not an Agent
hereunder. With respect to its Loans made or renewed by it, each Agent shall have the same rights and powers, duties and liabilities under the Credit Documents as any Lender and may exercise the same as though it were not an Agent and the terms
“Lender” and “Lenders” shall include each Agent in its individual capacity. 
  
 9.9 Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 30 days’ notice to the Lenders. If the
Administrative Agent shall resign as Administrative Agent under the Credit Documents, then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders which successor agent shall, so long as no Event of Default has
occurred and is continuing, be approved by the Borrower, which shall not unreasonably withhold its approval, whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative
Agent” shall mean such successor agent effective upon such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on
the part of such former Administrative Agent or any of the parties to this Agreement or any holders of the Notes. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Section 10 shall
inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under the Credit Documents. 
  
 9.10 Issuing Lender as Issuer of Letters of Credit. Each Revolving Credit Lender hereby acknowledges that the provisions of this Section 9 shall
apply to the Issuing Lender, in its capacity as issuer of the Letters of Credit, in the same manner as such provisions are expressly stated to apply to the Administrative Agent, except that obligations to indemnify the Issuing Lender shall be
ratable among the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitments (or, if the Revolving Credit Commitments have been terminated, the outstanding principal amount of their respective Revolving Credit Loans
and L/C Obligations and their respective participating interests in the outstanding Letters of Credit). 
  
 9.11 The Syndication Agent and Joint Lead Arrangers. Neither the Syndication Agent nor the Joint Lead Arrangers shall have any responsibilities
hereunder in such capacity. 
  
 SECTION 10. MISCELLANEOUS

  
 10.1 Amendments and Waivers. Except as otherwise
expressly set forth in this Agreement, no Credit Document nor any terms thereof may be amended, supplemented, waived or modified except in accordance with the provisions of this Section 10.1. With the written consent of the Required Lenders, the
Administrative Agent and the respective Credit Parties or 

  

 81 

 
their Subsidiaries may, from time to time, enter into written amendments, supplements or modifications hereto for the purpose of adding any provisions to any
Credit Document to which they are parties or changing in any manner the rights of the Lenders or of any such Credit Party or its Subsidiaries thereunder or waiving, on such terms and conditions as the Administrative Agent may specify in such
instrument, any of the requirements of any such Credit Document or any Default or Event of Default and its consequences; provided that: 
  
 (a) no such waiver and no such amendment, supplement or modification shall release collateral not required or permitted by any Credit Document to be
released and which, in the aggregate with all other collateral released pursuant to this clause (a) (other than collateral released pursuant to the proviso to this clause (a)) during the calendar year in which such proposed release would be effected
and the immediately preceding calendar year, has fair market value on the proposed date of release in excess of 20% of the fair market value of all collateral (including any Guarantee) on such date without the written consent of the Supermajority
Lenders; provided that, notwithstanding the foregoing, this clause (a) shall not be applicable to and no consent shall be required for (i) releases of collateral in connection with any Asset Sales permitted by Section 7.5, (ii) releases of
collateral in accordance with Section 10.11 or (iii) upon the reincorporation of the Borrower or any Subsidiary in a new jurisdiction or the creation of a new Subsidiary of the Borrower, any release of collateral in connection with the transfer of
such released collateral to such reincorporated entity or new Subsidiary in compliance with Section 7.5, provided that the Administrative Agent, in its sole discretion, determines that such release and transfer, together with any grant and
perfection of a new Lien therein in favor of the Administrative Agent, will cause no material impairment of the value of the collateral taken as a whole, after giving effect to such release and transfer; 
  
 (b) no such waiver and no such amendment, supplement or modification shall
extend the final maturity date of any Note or the scheduled payment date of any installment of any Loan, or reduce the rate or extend the time of payment of interest thereon, or change the method of calculating interest thereon, or reduce or extend
the time of payment of any fee payable to the Lenders hereunder, or reduce the principal amount thereof, or change the amount of any Lender’s Revolving Credit Commitment or Revolving Credit Commitment Percentage, or amend, modify or waive any
provision of Section 3.9(b) or this Section 10.1 or reduce the percentage specified in the definition of Required Lenders or reduce the percentage specified in the definition of Supermajority Lenders or consent to the assignment or transfer by any
Credit Party of any of its rights and obligations under any Credit Document, in each case, without the prior written consent of each Lender directly affected thereby; 
  
 (c) no such waiver and no such amendment, supplement or modification affecting the then Administrative Agent or Issuing
Lender shall amend, modify or waive any provision of Section 10 without the written consent of such Administrative Agent and Issuing Lender; 
  
 (d) any such waiver and any such amendment, supplement or modification described in this Section 10.1 shall apply equally to each of the Lenders and shall
be binding upon each Credit Party and its Subsidiaries, the Lenders, the Administrative Agent and the Issuing Lender and all future holders of the Notes and the Loans. Any extension of a Letter of Credit by the Issuing Lender shall be treated
hereunder as a new Letter of Credit. In the case of 

  

 82 

 
any waiver, the Credit Parties, the Lenders, the Administrative Agent and Issuing Lender shall be restored to their former position and rights hereunder and
under the outstanding Notes, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

  
 10.2 Notices. All notices, requests and demands to or
upon the respective parties hereto to be effective shall be in writing (including by telecopy or telex, if one is listed), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand, or
three Business Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when sent, confirmation of receipt received, or, in the case of telex notice, when sent, answerback received, addressed as follows in the
case of the Borrower, the Administrative Agent, and as set forth in Schedule I in the case of any Lender, or to such other address as may be hereafter notified by the respective parties hereto and any future holders of the Notes: 
  

			
	         The Borrower:
	  	 Stratus Technologies, Inc.
 111 Powdermill
Road
 Maynard, Massachusetts 01754-3409
 Attention: Robert
Laufer
 Telecopy: (978) 461-3750

		
	 With a copy to:
	  	 Gibson, Dunn & Crutcher LLP
 200 Park
Avenue
 New York, New York 10166
 Attention: Janet Vance,
Esq.
 Telecopy: (212) 351-4035

		
	 HubCo:
	  	 Stratus Technologies International, S.à r.l.
 c/o Allen & Overy
 58 Rue Charles Martel
 L-2134
Luxembourg
 Attention: Mark Feider
 Telecopy:
011-352-44-44-55-333

		
	                     With a copy to:
	  	 Gibson, Dunn & Crutcher LLP
 200 Park
Avenue
 New York, New York 10166
 Attention: Janet Vance,
Esq.
 Telecopy: (212) 351-4035

		
	 The Administrative Agent:
	  	 JPMorgan Chase Bank
 Loan and Agency
Services
 1111 Fannin Street, 10th Floor
 Houston, Texas 77002
 Attention: Shadia
O. Aminu
 Telecopy: (713) 750-2878

  

 83 

			
		
	 With a copy to:
	  	 JPMorgan Chase Bank
 270 Park Avenue, 4th Floor
 New York, NY
10017
 Attention: David Mallett
 Telecopy: (212)
270-4584

  
 provided that any notice,
request or demand to or upon the Administrative Agent or the Lenders pursuant to Sections 2.4, 2.5, 3.1, 3.2, 3.3 and 3.4 shall not be effective until received and, provided, further, that the failure to provide the copies of notices
to the Borrower provided for in this Section 10.2 shall not result in any liability to the Administrative Agent. 
  
 10.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any
right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power` or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 
  
 10.4 Survival of Representations and Warranties. All representations
and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the Letters of Credit. 
  
 10.5 Payment of Expenses and Taxes. HubCo and the Borrower jointly and
severally agree (a) to pay or reimburse the Administrative Agent, the Syndication Agent and the Joint Lead Arrangers for all their reasonable out-of-pocket costs and expenses incurred in connection with the development, negotiation, preparation and
execution of the Credit Documents and any other documents prepared in connection herewith, and the consummation of the transactions contemplated hereby and thereby, including, without limitation, the reasonable fees and disbursements of one counsel
to the Administrative Agent, the Syndication Agent and the Joint Lead Arrangers, (b) to pay or reimburse all of the reasonable expenses, including without limitation, reasonable fees and expenses of counsel, incurred by the Administrative Agent in
connection with the administration of the facilities provided for herein or in connection with any amendments, waivers, work-outs or restructurings in respect thereof, (c) to pay or reimburse the Administrative Agent, the Syndication Agent, the
Joint Lead Arrangers, the Issuing Lender and each Lender for all their costs and expenses incurred in connection with, and to pay, indemnify, and hold the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, the Issuing Lender and
each Lender harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever arising out of or in connection with, the
enforcement or preservation of any rights under any Credit Document and any such other documents, including, without limitation, reasonable fees and disbursements of counsel to the Administrative Agent, the Joint Lead Arrangers and each Lender
incurred in connection with the foregoing and in connection with advising the Administrative Agent with respect to its rights and responsibilities under this Agreement and the documentation relating thereto, (d) to pay, 

  

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indemnify, and to hold the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers and each Lender harmless from any and all recording and
filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other similar taxes (other than withholding taxes), if any, which may be payable or determined to be payable in connection with the
execution and delivery of, or consummation of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, any Credit Document and any such other documents, and (e) to
pay, indemnify, and hold the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, the Issuing Lender and each Lender and their respective Affiliates, officers, directors and trustees harmless from and against any and all other
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including, without limitation, reasonable fees and disbursements of counsel) which may be incurred by
or asserted against the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, the Issuing Lender or the Lenders or such Affiliates, officers, directors or trustees (x) arising out of or in connection with any investigation,
litigation or proceeding related to this Agreement, the other Credit Documents, the proceeds of the Loans and the transactions contemplated by or in respect of such use of proceeds, or any of the other transactions contemplated hereby, whether or
not the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, the Issuing Lender or any of the Lenders or such Affiliates, officers, directors or trustees is a party thereto, including, without limitation, any of the foregoing
relating to the violation of, noncompliance with or liability under, any Environmental Law applicable to Holdings, any of its Subsidiaries or any of the facilities and properties owned, leased or operated by Holdings or any of its Subsidiaries, or
(y) without limiting the generality of the foregoing, by reason of or in connection with the execution and delivery or transfer of, or payment or failure to make payments under, Letters of Credit (it being agreed that nothing in this Section
10.5(d)(y) is intended to limit the Borrower’s obligations pursuant to Section 2.8) (all the foregoing, collectively, the “indemnified liabilities”), provided that HubCo and the Borrower shall have no obligation
hereunder with respect to indemnified liabilities of the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, the Issuing Lender or any Lender or any of their respective Affiliates, officers, directors and trustees arising from (i)
the gross negligence or willful misconduct of the person seeking indemnification or (ii) legal proceedings commenced against the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, the Issuing Lender or Lender by any security
holder or creditor thereof arising out of and based upon rights afforded any such security holder or creditor solely in its capacity as such or (iii) legal proceedings commenced against the Administrative Agent, the Syndication Agent, the Joint Lead
Arrangers, the Issuing Lender or any such Lender by any Transferee (as defined in Section 10.6). Without limiting the foregoing, and to the extent permitted by applicable law, HubCo and the Borrower agree not to assert, and hereby waive (and shall
cause the Subsidiaries not to assert and to waive) all rights for contribution or any other rights of recovery with respect to all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of
any kind or nature whatsoever, under or related to Environmental Laws, that any of them might have by statute or otherwise against the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, the Issuing Lender or any Lender. The
agreements in this Section 10.5 shall survive repayment of the Loans and all other amounts payable hereunder. 
  

 85 

 10.6 Successors and Assigns; Participations and Assignments 
  
 (a) This Agreement shall be binding upon and inure to the benefit of the
Borrower, the Lenders, the Administrative Agent, the Syndication Agent, the Joint Lead Arrangers, all future holders of the Notes and the Loans, and their respective successors and assigns, except that the Borrower may not assign or transfer any of
its rights or obligations under this Agreement without the prior written consent of each Lender. 
  
 (b) Any Lender may, in the ordinary course of its commercial banking or lending business and in accordance with applicable law, at any time sell to one or
more banks or other entities (“Participants”) participating interests in any Loan owing to such Lender, any participating interest in the Letters of Credit of such Lender, any Note held by such Lender, any Revolving Credit
Commitment of such Lender or any other interest of such Lender hereunder. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under this Agreement to the other parties to this
Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Note for all purposes under this Agreement and the Borrower and the Administrative Agent shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Credit Documents. The Borrower agrees that if amounts outstanding under this Agreement are due and
unpaid, or shall have been declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of setoff in respect of its participating interest in amounts owing under this
Agreement and any Note to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement or any Note; provided that such right of setoff shall be subject to the obligation of such
Participant to share with the Lenders, and the Lenders agree to share with such Participant, as provided in Section 10.7. The Borrower also agrees that each Participant shall be entitled to the benefits of Sections 2.10, 3.11 and 3.12 with respect
to its participation in the Letters of Credit and in the Revolving Credit Commitments and the Loans outstanding from time to time as if it were a Lender; provided that no Participant shall be entitled to receive any greater amount pursuant to
any such Section than the transferor Lender would have been entitled to receive in respect of the amount of the participation transferred by such transferor Lender to such Participant had no such transfer occurred. Each Lender agrees that the
participation agreement pursuant to which any Participant acquires its participating interest (or any other document) may afford voting rights to such Participant, or any right to instruct such Lender with respect to voting hereunder, only with
respect to matters requiring the consent of either all of the Lenders hereunder. 
  
 (c) Subject to paragraph (g) of this Section 10.6, any Lender may, in the ordinary course of its commercial banking, lending or investment business and in accordance with applicable law, (i) at any time and from time
to time assign all or any part of its rights and obligations under this Agreement and the Notes to any Lender or Affiliate thereof, provided that, in the event of a sale of less than all of such rights and obligations, such assigning Lender
after any such sale to any other Lender or any Affiliate of such Lender shall retain Revolving Credit Commitments and/or Loans and/or L/C Participating Interests aggregating at least $5,000,000 (or such lesser amount as the Administrative Agent may
determine) and (ii) with the consent of the Borrower (unless an Event of Default under Section 8(a) or (f) has occurred and is continuing) and the Administrative Agent (which in each case shall not be unreasonably withheld or delayed) at any time
and from time to time assign to one or more additional banks, mutual funds or 

  

 86 

 
financial institutions or entities (each, an “Assignee”), all or any part of its rights and obligations under this Agreement, pursuant to an
Assignment and Acceptance, executed by such Assignee, such transferor Lender (and, in the case of an Assignee that is not then a Lender or an Affiliate thereof, by the Borrower and the Administrative Agent), and delivered to the Administrative Agent
for its acceptance and recording in the Register (as defined below); provided that (A) each such sale pursuant to clause (ii) of this Section 10.6(c) shall be in a principal amount of $2,500,000 or more unless the Assigning Lender is
transferring all of its rights and obligations and (B) in the event of a sale of less than all of such rights and obligations, such Lender after any such sale shall retain Revolving Credit Commitments and/or Loans and/or L/C Participating Interests
aggregating at least $5,000,000 (or such lesser amount as the Administrative Agent and the Borrower may determine). Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such Assignment and
Acceptance, (x) the Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and Acceptance, have the rights and obligations of a Lender hereunder with a Revolving Credit Commitment as set forth therein, and (y) the
assigning Lender thereunder shall, to the extent of the interest transferred, as reflected in 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 a transferor Lender’s rights and obligations under this Agreement, such transferor Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of the indemnification provisions set forth in
Section 10.5). 
  
 (d) The Administrative Agent, which for
purposes of this Section 10.6(d) only shall be deemed to be the agent of the Borrower, shall maintain at the address of the Administrative Agent referred to in Section 10.2 a copy of each Assignment and Acceptance delivered to it and a register (the
“Register”) for the recordation of the names and addresses of the Lenders and the Revolving Credit Commitments of, and principal amounts of the Loans owing to, each Lender from time to time. The entries in the Register shall be
conclusive, in the absence of manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register as the owner of a Loan or other obligation hereunder as the owner thereof for all
purposes of this Agreement and the other Credit Documents, notwithstanding any notice to the contrary. Any assignment of any Loan or other obligation hereunder shall be effective only upon appropriate entries with respect thereto being made in the
Register. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice. 
  
 (e) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an Assignee (and, in the case of an
Assignee that is not then a Lender or an Affiliate thereof, by the Borrower and the Administrative Agent), together with payment to the Administrative Agent of a registration and processing fee of $4,000 if the Assignee is not a Lender prior to the
execution of such supplement and $1,000 otherwise, the Administrative Agent shall (i) promptly accept such Assignment and Acceptance and (ii) on the effective date determined pursuant thereto record the information contained therein in the Register
and give notice of such acceptance and recordation to the Lenders and the Borrower (no such assignment shall become effective unless and until so recorded); provided that, in the case of contemporaneous assignments by a Lender to more than
one fund managed by the same investment advisor (which funds are not then Lenders hereunder), a single $4,000 fee shall be payable for all such contemporaneous assignments. 
  

 87 

 (f) The Administrative Agent and the Lenders agree that they will use reasonable efforts to protect the
confidentiality of any confidential information concerning Holdings and its Subsidiaries and Affiliates. Notwithstanding the foregoing, HubCo and the Borrower authorize each Lender to disclose to any Participant or Assignee (each, a
“Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning Holdings and its Subsidiaries which has been delivered to such Lender by or on behalf of HubCo and the Borrower
pursuant to this Agreement or which has been delivered to such Lender by or on behalf of the Borrower in connection with such Lender’s credit evaluation of the Borrower and its Subsidiaries prior to becoming a party to this Agreement;
provided that each Lender shall cause its respective prospective Transferees to agree in writing to protect the confidentiality of any confidential information concerning Holdings and its Subsidiaries and Affiliates. 
  
 (g) If, pursuant to this Section 10.6, any interest in this Agreement or any
Note is transferred to any Transferee which is organized under the laws of any jurisdiction other than the United States or any State thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer
either (1) in the case of a Transferee that is a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (i) to represent to the transferor Lender (for the benefit of the transferor Lender, the Administrative Agent and the Borrower)
that under applicable law and treaties no taxes will be required to be withheld by the Administrative Agent, the Borrower or the transferor Lender with respect to any payments to be made to such Transferee in respect of the Loans or L/C
Participating Interests, (ii) to furnish to the transferor Lender (and, in the case of any Transferee registered in the Register, the Administrative Agent and the Borrower) either U.S. Internal Revenue Service Form W-8BEN or U.S. Internal Revenue
Service Form W-8ECI (wherein such Transferee claims entitlement to complete exemption from U.S. federal withholding tax on all interest payments hereunder) and (iii) to agree (for the benefit of the transferor Lender, the Administrative Agent and
the Borrower) to the extent permitted by then-current law to provide the transferor Lender (and, in the case of any Transferee registered in the Register, the Administrative Agent and the Borrower) a new Form W-8BEN or Form W-8ECI upon the
expiration or obsolescence of any previously delivered form and comparable statements in accordance with applicable U.S. laws and regulations and amendments duly executed and completed by such Transferee, and to comply from time to time with all
applicable U.S. laws and regulations with regard to such withholding tax exemption or (2) in the case of any Transferee that is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (i) to represent to the transferor Lender
(for the benefit of the transferor Lender, the Administrative Agent and the Borrower) that it is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (ii) to furnish to the transferor Lender (and, in the case of any
Transferee registered in the Register, to the Borrower), with a copy to the Administrative Agent, (A) a Section 3.11(d)(2) Certificate and (B) two (2) accurate and complete original signed copies of Internal Revenue Service Form W-8, certifying to
such Transferee’s legal entitlement on the date of the effectiveness of such transfer to an exemption from U.S. withholding tax under the provisions of Section 881(c) of the Code with respect to all payments to be made under this Agreement, and
(iii) to agree (for the benefit of the transferor Lender, the Administrative Agent and the Borrower), to the extent legally entitled to do so, upon reasonable request by the transferor Lender (or, in the case of any Transferee registered in the
Register, the Administrative Agent or the Borrower), to provide to the transferor Lender, the Administrative Agent and the Borrower such other forms as may be required to establish the legal entitlement of such Transferee to an exemption from
withholding tax with respect to payments under this Agreement. 
  

 88 

 (h) For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this Section
concerning assignments of Loans relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including, without limitation, any pledge or assignment by a Lender of any Loan to any Federal
Reserve Bank in accordance with applicable law. 
  
 (i) The
Borrower, upon receipt of written notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in paragraph (c) above, which Notes shall be dated as of the Effective Date.

  
 10.7 Adjustments; Set-off. (a) If any relevant Lender
(a “benefitted Lender”) shall at any time receive any payment of all or part of any of its Loans or L/C Participating Interests, as the case may be, or interest thereon, or receive any collateral in respect thereof (whether
voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in clause (f) of Section 8, or otherwise) in a greater proportion than any such payment to and collateral received by any other relevant Lender, if
any, in respect of such other relevant Lender’s Loans or L/C Participating Interests, as the case may be, or interest thereon, such benefitted Lender shall purchase for cash from the other relevant Lenders such portion of each such other
relevant Lender’s Loans or L/C Participating Interests, as the case may be, or shall provide such other relevant Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such benefitted Lender to
share the excess payment or benefits of such collateral or proceeds ratably with each of the relevant Lenders; provided that if all or any portion of such excess payment or benefits is thereafter recovered from such benefitted Lender, such
purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another Lender’s Loans and/or L/C Participating
Interests may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. The Administrative Agent shall promptly give the Borrower
notice of any set-off, provided that the failure to give such notice shall not affect the validity of such set-off. 
  
 (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to HubCo or the
Borrower, any such notice being expressly waived by HubCo and the Borrower to the extent permitted by applicable law, upon the filing of a petition under any of the provisions of the Bankruptcy Code or amendments thereto, by or against; the making
of an assignment for the benefit of creditors by; the application for the appointment, or the appointment, of any receiver of, or of any substantial portion of the property of; the issuance of any execution against any substantial portion of the
property of; the issuance of a subpoena or order, in supplementary proceedings, against or with respect to any substantial portion of the property of; or the issuance of a warrant of attachment against any substantial portion of the property of;
HubCo or the Borrower to set off and apply against any indebtedness, whether matured or unmatured, of HubCo or the Borrower to such Lender, any amount owing from such Lender to HubCo or the Borrower, at or at any time after, the happening of any of
the above mentioned events, and as security for such indebtedness, HubCo and the Borrower hereby grants to each Lender a continuing security interest in any and all deposits, accounts or moneys of the Borrower then or thereafter maintained with such
Lender, subject in each case to Section 10.7(a) of this Agreement. The aforesaid right of set-off may be 

  

 89 

 
exercised by such Lender against HubCo and the Borrower or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors,
receiver or execution, judgment or attachment creditor of HubCo or the Borrower, or against anyone else claiming through or against the HubCo or Borrower or such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors,
receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off shall not have been exercised by such Lender prior to the making, filing or issuance, or service upon such Lender of, or of notice of, any
such petition; assignment for the benefit of creditors; appointment or application for the appointment of a receiver; or issuance of execution, subpoena, order or warrant. Each Lender agrees promptly to notify the Borrower and the Administrative
Agent after any such set-off and application made by such Lender, provided that the failure to give such notice shall not affect the validity of such set-off and application. 
  
 10.8 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any number of
separate counterparts and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be lodged with HubCo, the Borrower and the
Administrative Agent. This Agreement shall become effective with respect to HubCo, the Borrower, the Administrative Agent, the Syndication Agent and the Lenders when the Administrative Agent shall have received copies of this Agreement executed by
HubCo, the Borrower, the Administrative Agent, the Syndication Agent and the Lenders, or, in the case of any Lender, shall have received telephonic confirmation from such Lender stating that such Lender has executed counterparts of this Agreement or
the signature pages hereto and sent the same to the Administrative Agent. 
  
 10.9 Governing Law; No Third Party Rights. This Agreement and the rights and obligations of the parties under this Agreement shall be governed by, and construed and interpreted in accordance with, the law of
the State of New York. This Agreement is solely for the benefit of the parties hereto and their respective successors and assigns, and, except as set forth in Section 10.6, no other Persons shall have any right, benefit, priority or interest under,
or because of the existence of, this Agreement. 
  
 10.10
Submission to Jurisdiction; Waivers. (a) Each party to this Agreement hereby irrevocably and unconditionally: 
  
 (i) submits for itself and its property in any legal action or proceeding relating to this Agreement or any of the other Credit Documents,
or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States for the Southern District of New York, and appellate courts from
any thereof; 
  
 (ii) consents that any such
action or proceeding may be brought in such courts, and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and
agrees not to plead or claim the same; 
  

 90 

 (iii) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party at its address set forth in Section 10.2 or at such other address of which the Administrative Agent shall have been
notified pursuant thereto; and 
  
 (iv) agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 
  
 (v) Each party hereto unconditionally waives trial by jury in any legal action or proceeding referred to in
paragraph (a) above and any counterclaim therein. 
  
 10.11
Releases. The Administrative Agent and the Lenders agree to cooperate with HubCo, the Borrower and their respective Subsidiaries with respect to any sale or other disposition permitted by Section 7.5 and promptly take such action and execute
and deliver such instruments and documents necessary to release the liens and security interests created by the Security Documents relating to any of the assets or property affected by any such sale permitted by Section 7.5 including, without
limitation, any Uniform Commercial Code amendment, release or termination or partial release or termination statements. 
  
 10.12 Interest. Each provision in this Agreement and each other Credit Document is expressly limited so that in no event whatsoever shall the
amount paid, or otherwise agreed to be paid, by the Borrower for the use, forbearance or detention of the money to be loaned under this Agreement or any other Credit Document or otherwise (including any sums paid as required by any covenant or
obligation contained herein or in any other Credit Document which is for the use, forbearance or detention of such money), exceed that amount of money which would cause the effective rate of interest to exceed the highest lawful rate permitted by
applicable law (the “Highest Lawful Rate”), and all amounts owed under this Agreement and each other Credit Document shall be held to be subject to reduction to the effect that such amounts so paid or agreed to be paid which are for
the use, forbearance or detention of money under this Agreement or such other Credit Document shall in no event exceed that amount of money which would cause the effective rate of interest to exceed the Highest Lawful Rate. Notwithstanding any
provision in this Agreement or any other Credit Document to the contrary, if the maturity of the Loans or the obligations in respect of the other Credit Documents are accelerated for any reason, or in the event of any prepayment of all or any
portion of the Loans or the obligations in respect of the other Credit Documents by the Borrower or in any other event, earned interest on the Loans and such other obligations of the Borrower may never exceed the Highest Lawful Rate, and any
unearned interest otherwise payable on the Loans or the obligations in respect of the other Credit Documents that is in excess of the Highest Lawful Rate shall be canceled automatically as of the date of such acceleration or prepayment or other such
event and (if theretofore paid) shall, at the option of the holder of the Loans or such other obligations, be either refunded to the Borrower or credited on the principal of the Loans. In determining whether or not the interest paid or payable,
under any specific contingency, exceeds the Highest Lawful Rate, the Borrower and the Lenders shall, to the maximum extent permitted by applicable law, amortize, prorate, allocate and spread, in equal parts during the period of the actual term of
this Agreement, all interest at any time contracted for, charged, received or reserved in connection with this Agreement. 
  

 91 

 10.13 Special Indemnification. Notwithstanding any provision in this Agreement to the contrary,
(A) each Lender, or Transferee of any Lender pursuant to Section 10.6(g) of this Agreement, shall indemnify the Borrower and the Administrative Agent, and hold each of them harmless against any and all payments, expenses or taxes which the Borrower
or the Administrative Agent may become subject to or obligated to pay if and to the extent that, (i) on the Effective Date or the effective date of transfer, as the case may be, such Lender, or such Transferee of a Lender pursuant to Section 10.6(g)
of this Agreement, (a) makes the representation and covenants set forth in Section 3.11(d)(2) of this Agreement, or, in the case of a Transferee, pursuant to Section 10.6(g)(2) of this Agreement and the Assignment and Acceptance, and (b) is not in
fact also qualified to make the representation and covenants set forth in Section 3.11(d)(1) of this Agreement or, in the case of a Transferee, pursuant to Section 10.6(g)(2) of this Agreement and the Assignment and Acceptance, and (ii) as a result
of any Change in Law or compliance by such Lender, or Transferee, with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority the Borrower or the Administrative Agent is required to
make any additional payments on account of U.S. withholding taxes and amounts related thereto with respect to any payments under this Agreement, any Note, or a Eurodollar Loan, made prior to such Change in Law or request or directive, none of which
payments would have been required if such Lender, or Transferee, was qualified on the Effective Date or the date of the transfer, as the case may be, to make the representation and covenants set forth in Section 3.11(d)(1) of this Agreement or
pursuant to Section 10.6(g)(1) of this Agreement and the Assignment and Acceptance, as the case may be, and (B) each Lender, or Transferee, agrees that to the extent any amount payable by such Lender or Transferee pursuant to this Section 10.13
remains unpaid on any Interest Payment Date or the date on which any prepayment is made, the Borrower shall have the right to set-off against any payment due to such Lender or Transferee on such date any amounts owing to the Borrower pursuant to
this Section 10.13. 
  
 10.14 Permitted Payments and
Transactions. Notwithstanding any provision to the contrary contained in this Agreement, the Borrower and its Subsidiaries shall be permitted to make payments (including fees and expenses) pursuant to or in respect of, the following agreements,
and, in the case of clauses (a) and (d) below, to engage in the following transactions: (a) (i) the Agreement for Management and Advisory Services, between Investcorp International, Inc. (“III”) and the Borrower dated as of January
8, 1999, (ii) the Loan Financing Advisory Agreement between III and the Borrower dated as of January 8, 1999, (iii) the Agreement for Management and Advisory Services between Investcorp Management Services Limited (“IMSL”) and HubCo
dated as of January 8, 1999, (iv) the Mergers and Acquisitions Advisory Agreement between IMSL and HubCo dated as of January 8, 1999 and (v) the Marketing Services Agreement, and the R&D Services Agreements; (b) agreements with any Person or
Persons providing for the payment of customary fees in connection with serving as a director of Holdings or any Subsidiary of Holdings; (c) agreements providing for the payment of commercially reasonable fees in connection with any permitted
financing, refinancing, sale, transfer, sale and leaseback or other permitted disposition of any assets of Holdings or its Subsidiaries; (d) the borrowing of any Indebtedness to the extent, and upon the terms and conditions, the same is expressly
permitted under Section 7.1; (e) agreements providing for commercially reasonable fees in connection with any permitted purchase or acquisition of stock or assets by Holdings or any of its Subsidiaries; and (f) the Transactions. 
  

 92 

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

			
	 STRATUS TECHNOLOGIES, INC.

		
	 By:
	 	 /s/    Robert C. Laufer

	 	 	 Title: Chief Financial Officer

	
	STRATUS TECHNOLOGIES INTERNATIONAL, S.À R.L.
		
	 By:
	 	 /s/    Zahid Zakiuddin

	 	 	 Title:

	
	JPMORGAN CHASE BANK, as Administrative Agent, Issuing Lender and a Lender
		
	 By:
	 	 /s/    David M. Mallett

	 	 	 Title: Vice President

	
	J.P. MORGAN SECURITIES INC., as a Joint Lead Arranger
		
	 By:
	 	 /s/    David M. Mallett

	 	 	 Title: Vice President

	
	 GOLDMAN SACHS CREDIT PARTNERS L.P., as a Joint Lead Arranger, Syndication Agent and a Lender

		
	 By:
	 	 /s/    W.W. Archer

	 	 	 Title: Managing Director

			
	 FLEET NATIONAL BANK

		
	 By:
	 	 /s/    John B. Desmond

	 	 	 Title: Director

 SCHEDULE I 
  
 Addresses, Lending Offices and Commitments 
  

			
	 Lender
	  	Revolving Credit Commitment
		
	 JPMorgan Chase Bank
	  	$15,000,000
	 270 Park Avenue, 4th Floor
	  	 
	 New York, NY 10017
	  	 
	 Attention: David Mallett
	  	 
	 Telecopy: (212) 270-4584
	  	 
		
	 Fleet National Bank
	  	$10,000,000
	 100 Federal Street
	  	 
	 Boston, MA 02110
	  	 
	 Attention: John Desmond
	  	 
	 Telecopy: (617) 434-0819
	  	 
		
	 Goldman Sachs Credit Partners L.P.
	  	$5,000,000
	 85 Broad Street, 18th Floor
	  	 
	 New York, NY 10004
	  	 
	 Attention: Laurie Perper
	  	 
	 Telecopy: (212) 357-9110
	  	 
		
	 TOTAL
	  	$30,000,000

 SCHEDULE II 
  
 PRICING GRID 
  

							
	 Leverage
 Ratio

	  	 Applicable Margin
 Revolving Credit Loans

	  	 Commitment Fee

	  	 Eurodollar Loans

	  	 Alternate Base Rate Loans

	  
	 3 2.75 to 1.0
	  	3.25%	  	2.00%	  	0.500%
	 3 2.25 to 1.0
	  	2.75%	  	1.50%	  	0.500%
	 3 1.75 to 1.0
	  	2.50%	  	1.25%	  	0.500%
	 < 1.75 to 1.0
	  	2.00%	  	0.75%	  	0.375%

  
 Changes in the Applicable Margin resulting from changes in the Leverage Ratio shall become effective on the date (the “Adjustment Date”) on which such financial statements are delivered to the Lenders (but in any event not
later than the 50th day after the end of each of the first three quarterly periods of each fiscal year or the 95th day after the end of each fiscal year as the case may be) and shall remain in effect until the next change to be effected pursuant to
this paragraph. If for any reason the financial statements referred to above are not timely delivered to the Lenders, (i) during the period from the date upon which such financial statements were required to be delivered until the date upon which
they actually are delivered, the Applicable Margin shall be the Applicable Margin in effect immediately prior to the date such financial statements were due, and (ii) if such financial statements, when actually delivered, would have required an
increase in the Applicable Margin over the Applicable Margin in effect immediately prior to the date such financial statements were due, the Borrower shall promptly following the delivery of such financial statements pay to the Lenders and the
Administrative Agent any additional amounts of interest or fees which would have been payable on any previous interest payment date had such higher Applicable Margin been in effect from the date such financial statements were required to be
delivered. Any change in the Applicable Margin as a result of a change in the Leverage Ratio shall apply to all Loans for each day during the period commencing on the effective date of such change and ending on the date immediately preceding the
effective date of the next such change in the Applicable Margin. If an Event of Default exists on any Adjustment Date or other date upon which the Applicable Margin would otherwise be adjusted hereunder, the Applicable Margin shall in no event be
reduced on such Adjustment Date or other date from the Applicable Margin in effect immediately prior to such Adjustment Date or other date until such Event of Default is cured or waived.

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