Document:

Epicor Software Corporation Deferred Compensation Plan

 EXHIBIT 4.2 
  

EPICOR SOFTWARE CORPORATION 
  
 DEFERRED COMPENSATION PLAN 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

		
	 ARTICLE I TITLE AND DEFINITIONS
	  	1
			
	 1.1
	  	 Definitions.
	  	1
		
	 ARTICLE II PARTICIPATION
	  	4
		
	 ARTICLE III DEFERRAL ELECTIONS
	  	4
			
	 3.1
	  	 Elections to Defer Compensation.
	  	4
			
	 3.2
	  	 Investment Elections.
	  	5
		
	 ARTICLE IV DEFERRAL ACCOUNTS
	  	6
			
	 4.1
	  	 Deferral Accounts.
	  	6
			
	 4.2
	  	 Company Contribution Account.
	  	7
		
	 ARTICLE V VESTING
	  	7
		
	 ARTICLE VI DISTRIBUTIONS
	  	7
			
	 6.1
	  	 Distribution of Deferred Compensation and Discretionary Company Contributions.
	  	7
			
	 6.2
	  	 Hardship Distribution.
	  	9
			
	 6.3
	  	 Inability to Locate Participant.
	  	10
		
	 ARTICLE VII ADMINISTRATION
	  	10
			
	 7.1
	  	 Plan Administrator.
	  	10
			
	 7.2
	  	 Committee.
	  	10
			
	 7.3
	  	 Committee Action.
	  	10
			
	 7.4
	  	 Powers and Duties of the Committee.
	  	10
			
	 7.5
	  	 Construction and Interpretation.
	  	11
			
	 7.6
	  	 Information.
	  	11
			
	 7.7
	  	 Compensation, Expenses and Indemnity.
	  	11
			
	 7.8
	  	 Quarterly Statements.
	  	12

  

 (i) 

					
	 	  	 	  	Page

			
	 7.9
	  	 Disputes.
	  	12
		
	 ARTICLE VIII MISCELLANEOUS
	  	13
			
	 8.1
	  	 Unsecured General Creditor.
	  	13
			
	 8.2
	  	 Restriction Against Assignment.
	  	13
			
	 8.3
	  	 Withholding.
	  	13
			
	 8.4
	  	 Amendment, Modification, Suspension or Termination.
	  	14
			
	 8.5
	  	 Governing Law.
	  	14
			
	 8.6
	  	 Receipt or Release.
	  	14
			
	 8.7
	  	 Payments on Behalf of Persons Under Incapacity.
	  	14
			
	 8.8
	  	 Limitation of Rights and Employment Relationship.
	  	14
			
	 8.9
	  	 Headings.
	  	14

  

 (ii) 

 EPICOR SOFTWARE CORPORATION 
  
 DEFERRED COMPENSATION PLAN 
  
 WHEREAS, the Company has set forth its desire to establish this Deferred Compensation Plan for a select group of management or highly
compensated employees; 
  
 NOW, THEREFORE, as of
the effective date set forth herein, this Plan is hereby adopted to read as follows: 
  
 ARTICLE I 
  
 TITLE
AND DEFINITIONS 
  

	 	1.1	Definitions. 

  
 Whenever the following words and phrases are used in this Plan, with the first letter capitalized, they shall have the meanings specified
below. 
  
 (a) “Account” or
“Accounts” shall mean all of such accounts as are established under this Plan from time to time. 
  
 (b) “Base Salary” shall mean a Participant’s annual base salary, excluding bonuses, commissions, incentive and all other
remuneration for services rendered to Company and prior to reduction for any salary deferrals, including but not limited to, deferrals under plans established pursuant to Section 125 of the Code or qualified pursuant to Section 401(k) of the Code.

  
 (c) “Beneficiary” or
“Beneficiaries” shall mean the person or persons, including a trustee, personal representative or other fiduciary, last designated in writing by a Participant in accordance with procedures established by the Committee to receive the
benefits specified hereunder in the event of the Participant’s death. No beneficiary designation shall become effective until it is filed with the Committee. If the Participant designates a person other than or in addition to his or her spouse
as a primary Beneficiary, the designation shall be ineffective unless the Participant’s spouse consents to the designation in writing in a manner specified by the Committee in its discretion. Any designation shall be revocable at any time
through a written instrument filed by the Participant with the Committee. If there is no such designation or if there is no surviving designated Beneficiary, then the Participant’s surviving spouse shall be the Beneficiary. If there is no
surviving spouse to receive any benefits payable in accordance with the preceding sentence, the Account shall be paid to the Participant’s estate. In the event any amount is payable under the Plan to a minor, payment shall not be made to the
minor, but instead be paid (a) to that person’s living parent(s) to act as custodian, (b) if that person’s parents are then divorced, and one parent is the sole custodial parent, to such custodial parent, to act as custodian, or (c) if no
parent of that person is then living, to a custodian selected by the Committee to hold the funds for the minor under the Uniform Transfers or Gifts to Minors Act in effect in the jurisdiction in which the minor resides. If no parent is living and
the Committee decides not to select another custodian to hold the funds for the minor, then payment 

 
shall be made to the duly appointed and currently acting guardian of the estate for the minor or, if no guardian of the estate for the minor is duly
appointed and currently acting within 60 days after the date the amount becomes payable, payment shall be deposited with the court having jurisdiction over the estate of the minor. Payment by the Company pursuant to any unrevoked Beneficiary
designation, or to the Participant’s estate if no such designation exists, of all benefits owed hereunder shall terminate any and all liability of the Company under the Plan. 
  
 (d) “Board of Directors” or “Board” shall mean the Board of Directors of Company.

  
 (e) “Bonuses” shall mean the
incentive compensation earned during the Company’s fiscal year. 
  
 (f) “Change in Control” shall mean (i) the sale of fifty percent (50%) of the Company’s assets, (ii) a merger or consolidation in which the Company is not the surviving entity, (iii) a reverse merger in
which the Company is a surviving entity but in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from the
persons holding those securities immediately prior to such reverse merger, or (iv) a dissolution or liquidation of more than fifty percent (50%) of the value of the Company. 
  
 (g) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
  
 (h) “Commissions” shall mean commissioned
compensation paid during the Company’s fiscal year. 
  
 (i) “Committee” shall mean the Committee appointed by the Board to administer the Plan in accordance with Article VII. 
  
 (j) “Company” shall mean the Epicor Software Corporation and any of its subsidiaries, divisions,
or affiliates and any successor corporations as designated by the Committee as being eligible to participate in the Plan. 
  
 (k) “Company Contribution Account” shall mean the bookkeeping account maintained by or for the Company for each Participant that
is credited with an amount equal to the Company Discretionary Contribution Amount, if any, and Company Matching Contribution Amount, if any, and earnings and losses credited on such amounts pursuant to Section 4.2. 
  
 (l) “Company Discretionary Contribution Amount”
shall mean such discretionary amounts as are deemed contributed by the Company for a particular Participant for a Plan Year. Such amounts may vary from Participant to Participant and from year to year, and no such contributions are required in any
event. 
  
 (m) “Company Matching
Contribution Amount” shall mean such amount as may be contributed by the Company for a given Participant for a Plan Year. 
  
 (n) “Compensation” shall mean Base Salary, Bonuses and Commissions that the Participant is entitled to receive for services
rendered to the Company. 
  

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 (o) “Deferral Account” shall mean the bookkeeping account maintained by or for
the Committee for each Participant, which account is credited with amounts equal to (1) the portion of the Participant’s Compensation that he or she elects to defer, and (2) earnings and losses pursuant to Section 4.1. 
  
 (p) “Disability” shall mean any injury, illness or
condition that constitutes a disability within the meaning of Section 409A(a)(2)(C) of the Code. 
  
 (q) “Distributable Amount” shall mean the vested balance in the Participant’s Deferral Account and Company Contribution
Account. 
  
 (r) “Effective Date” shall
be December 14, 2004. 
  
 (s) “Eligible
Employee” shall mean individuals selected by the Committee from those employees of the Company who are formula bonus eligible, or senior managers. The Committee may in its sole discretion select other individuals to participate in the Plan who
do not meet the foregoing criteria. 
  
 (t)
“Fund” or “Funds” shall mean one or more of the investment funds selected by the Committee pursuant to Section 3.2(b). 
  
 (u) “Hardship Distribution” shall mean an unforseeable emergency (as defined and determined under Section 409A(a)(2)(A)(vi) of
the Code) to the Participant resulting from an illness or accident of the Participant or of his or her spouse or dependent (as defined in Section 152(a) of the Code), loss of a Participant’s property due to casualty, or other similar or
extraordinary and unforseeable circumstances arising as a result of events beyond the control of the Participant. The circumstances that would constitute an unforeseeable emergency will depend upon the facts of each case, and the Committee has the
sole and exclusive ability to determine whether such an unforeseeable emergency exists, but, in any case, a Hardship Distribution may not be made to the extent that such hardship is or may be relieved (i) through reimbursement or compensation by
insurance or otherwise, (ii) by liquidation of the Participant’s assets, to the extent that the liquidation of assets would not itself cause severe financial hardship, or (iii) by cessation of deferrals under this Plan. 
  
 (v) “Initial Election Period” shall mean the
17-day period after the Effective Date of the Plan, or, beginning January 1, 2005, the 30-day period following the time an employee shall be designated by the Company as an Eligible Employee. 
  
 (w) “Interest Rate” shall mean, for each Fund, an
amount equal to the net gain or loss on the assets of such Fund during each month, as determined by the Committee. 
  
 (x) “Participant” shall mean any Eligible Employee who becomes a Participant in this Plan in accordance with Article II.

  
 (y) “Payment Date” shall be (1) as
soon as administratively practical in the month following the end of the calendar quarter in which the participant’s employment terminates for any reason other than Retirement; (2) in the case of a Change in Control, as soon as administratively
practical in the year following the calendar year in which a Change in 

  

 -3- 

 
Control occurs; (3) the Scheduled Withdrawal Date; or (4) in the case of Retirement, payment(s) will commence in January of the year following retirement.

  
 (z) “Plan” shall mean the Epicor
Software Corporation Deferred Compensation Plan, as it may be amended from time to time. 
  
 (aa) “Plan Year” shall be the calendar year. 
  
 (bb) “Retirement” shall mean for Plan purposes the termination of employment from the Company at
age 55 or older. 
  
 (cc) “Scheduled
Withdrawal Date” shall mean the distribution date elected by the Participant for an in-service withdrawal of amounts from such Accounts deferred in a given Plan Year, and earnings and losses attributable thereto, as set forth on the election
form for such Plan Year. 
  
 (dd)
“Termination” shall mean the termination of employment from the Company (and any other person or entity under common control with the Company within the meaning of Section 414(b) or (c) of the Code) for any reason other than
Retirement/Disability. 
  
 ARTICLE II 
  
 PARTICIPATION 
  
 An Eligible Employee shall become a Participant in the Plan
by (1) electing to defer a portion of his or her Compensation in accordance with Section 3.1, and (2) filing such other forms as the Committee may reasonably require for participation hereunder. An Eligible Employee who completes the requirements of
the preceding sentence shall commence participation as pf the first day of the month in which Compensation is deferred. 
  
 ARTICLE III 
  
 DEFERRAL ELECTIONS 
  

	 	3.1	Elections to Defer Compensation. 

  
 (a) Initial Election Period. Subject to the provisions of Article II, each Eligible Employee may elect to defer Compensation by
filing with the Committee an election that conforms to the requirements of this Section 3.1, on a form provided by the Committee, no later than the last day of his or her Initial Election Period. 
  
 (b) General Rule. The amount of Compensation which an
Eligible Employee may elect to defer is such Compensation to be earned after the time at which the Eligible Employee elects to defer in accordance with Sections 1.1(v) and 3.1(a) and shall be a flat dollar amount or percentage, up to 70% percent of
the Eligible Employee’s Base Salary, up to 100% of the Eligible Employee’s Bonuses and up to 100% of the Eligible Employee’s Commissions, provided that the total amount deferred by a Participant shall be limited in any calendar year,
if necessary, to satisfy any employment tax, income tax and employee benefit plan withholding 

  

 -4- 

 
requirements as determined in the sole and absolute discretion of the Committee. The minimum deferral which may be made in any Plan Year by an Eligible
Employee shall not be less than $10,000, provided that such minimum contribution can be satisfied from any element or elements of Compensation. 
  
 (c) Duration of Compensation Deferral Election. An Eligible Employee’s initial election to defer Compensation must be prior to
the Effective Date and is to be effective with respect to Compensation earned after such deferral election is processed. A Participant may increase, decrease or terminate a deferral election with respect to Compensation for any subsequent Plan Year
by filing a new election prior to December 31 in the year prior to the beginning of the next Plan Year, which election shall be effective on the first day of the next following Plan Year. In the absence of a Participant making a new election, the
last election on file will apply to deferrals for the new Plan year. In the case of an employee who becomes an Eligible Employee after the Effective Date, such Eligible Employee shall have 30 days from the date he or she has become an Eligible
Employee to make an Initial Election with respect to Compensation. Such election shall be for the remainder of the Plan Year (and future Plan Years, unless subsequently changed prior to the commencement of a given Plan year) in the event the Plan
Year has commenced. 
  
 (d) Elections other
than Elections during the Initial Election Period. Subject to the limitations of Section 3.1(b) above, any Eligible Employee who has terminated a prior Compensation deferral election may elect to again defer Compensation, by filing an election,
on a form provided by the Committee, prior to December 31 of the year prior to the beginning of the Plan Year to which such deferral election relates. An election to defer Compensation must be filed in a timely manner in accordance with Section
3.1(c). 
  
 (e) Suspension of Deferrals.
In the event a Participant receives a financial hardship withdrawal from a Company tax-qualified plan which contains a qualified cash or deferred arrangement under Section 401(k) of the Code (“401(k) Plan”), the Committee may suspend the
Participant’s deferrals under the Plan for such period as the Committee determines is necessary to preserve the tax-qualified status of the 401(k) Plan. 
  

	 	3.2	Investment Elections. 

  
 (a) At the time of making the deferral elections described in Section 3.1, the Participant shall designate, on a form provided by the
Committee, the types of investment funds in which the Participant’s Account will be deemed to be invested for purposes of determining the amount of earnings and losses to be credited to that Account. In making the designation pursuant to this
Section 3.2, the Participant may specify that all or any percentage of his or her Account is to be deemed invested, in whole percentage increments, in one or more of the types of investment funds deemed to be provided under the Plan, as communicated
from time to time by the Committee. Effective as of the end of any calendar month, a Participant may change the designation made under this Section 3.2 by filing an election, on a form provided by the Committee, on a daily basis. If a Participant
fails to elect a type of fund under this Section 3.2, he or she shall be deemed to have elected the Money Market type of investment fund. 
  

 -5- 

 (b) Although the Participant may designate the type of investments, the Committee shall
not be bound by such designation. The Committee shall select from time to time, in its sole and absolute discretion, commercially available investments of each of the types communicated by the Committee to the Participant pursuant to Section 3.2(a)
above to be the Funds. The Interest Rate of each such commercially available investment fund shall be used to determine the amount of earnings or losses to be credited to Participant’s Account under Article IV. 
  
 ARTICLE IV 
  
 DEFERRAL ACCOUNTS 
  

	 	4.1	Deferral Accounts. 

  
 The Committee shall establish and maintain a Deferral Account for each Participant under the Plan. Each Participant’s Deferral
Account shall be further divided into separate subaccounts (“investment fund subaccounts”), each of which corresponds to an investment fund elected by the Participant pursuant to Section 3.2(a). A Participant’s Deferral Account shall
be credited as follows: 
  
 (a) On the third
business day after amounts are withheld and deferred from a Participant’s Compensation, the Committee shall credit the investment fund subaccounts of the Participant’s Deferral Account with an amount equal to Compensation deferred by the
Participant in accordance with the Participant’s election under Section 3.2(a); that is, the portion of the Participant’s deferred Compensation that the Participant has elected to be deemed to be invested in a certain type of investment
fund shall be credited to the investment fund subaccount corresponding to that investment fund; 
  
 (b) Each business day, each investment fund subaccount of a Participant’s Deferral Account shall be credited with earnings or losses
in an amount equal to that determined by multiplying the balance credited to such investment fund subaccount as of the prior day plus contributions credited that day to the investment fund subaccount by the Interest Rate for the corresponding fund
selected by the Company pursuant to Section 3.2(b). 
  
 (c) In the event that a Participant elects for a given Plan Year’s deferral of Compensation to have a Scheduled Withdrawal Date, all amounts attributed to the deferral of Compensation for such Plan Year shall be accounted for in a
manner which allows separate accounting for the deferral of Compensation and investment gains and losses associated with such Plan Year’s deferral of Compensation. 
  

 -6- 

	 	4.2	Company Contribution Account. 

  
 The Committee shall establish and maintain a Company Contribution Account for each Participant under the Plan. Each Participant’s
Company Contribution Account shall be further divided into separate investment fund subaccounts corresponding to the investment fund elected by the Participant pursuant to Section 3.2(a). A Participant’s Company Contribution Account shall be
credited as follows: 
  
 (a) On the third
business day after a Company Discretionary Contribution Amount or Company Matching Contribution Amount, the Committee shall credit the investment fund subaccounts of the Participant’s Company Contribution Account with an amount equal to the
Company Discretionary Contribution Amount, if any, applicable to that Participant, that is, the proportion of the Company Discretionary Contribution Amount, if any, or Company Matching Contribution Amount, if any, which the Participant elected to be
deemed to be invested in a certain type of investment fund shall be credited to the corresponding investment fund subaccount; and 
  
 (b) Each business day, each investment fund subaccount of a Participant’s Company Contribution Account shall be credited with
earnings or losses in an amount equal to that determined by multiplying the balance credited to such investment fund subaccount as of the prior day plus contributions credited that day to the investment fund subaccount by the Interest Rate for the
corresponding Fund selected by the Company pursuant to Section 3.2(b). 
  
 ARTICLE V 
  
 VESTING 
  
 A Participant shall be 100% vested in his or her Deferral
Account at all times. A Participant’s Company Discretionary Contribution Account, if any, shall be subject to such vesting schedule as the Committee may establish at the time the Company Discretionary Contributions are made to the Plan.

  
 ARTICLE VI 
  
 DISTRIBUTIONS 
  

	 	6.1	Distribution of Deferred Compensation and Discretionary Company Contributions. 

  
 (a) Distribution at Retirement. In the case of a Participant who terminates employment with Company
and has an Account balance of more than $10,000 an optional form of benefit may be elected by the Participant, on the form provided by Company, during his or her election period as provided in Section 3.1, from among the following: 
  
 (1) A lump sum distribution beginning on the
Participant’s Payment Date. 
  
 (2)
Substantially equal annual installments up to ten (10) years beginning on the Participant’s Payment Date. 
  
 In the absence of the Participant making a Distribution election, the default form of payment shall be lump sum. 
  
 In the case of a Participant who terminates employment due
to Retirement with Company and has an Account balance of $10,000 or less, the Distributable Amount shall be 

  

 -7- 

 
paid to the Participant (and after his or her death, to his or her Beneficiary) in the form of a lump sum distribution on the Participant’s Payment
Date. 
  
 The Participant’s Account shall
continue to be credited with earnings pursuant to Section 4.1 of the Plan until all amounts credited to his or her Account under the Plan have been distributed. 
  
 (b) Distribution for Termination Other Than Retirement. In the case of a Participant, other than a
Key Employee, who terminates employment with the Company for any reason other than Retirement, the Distributable Amount shall be paid to the Participant in the form of a lump sum, as soon as practical in the first month of the calendar quarter
following the date of Termination, except as provided otherwise in this Article VI. 
  
 (c) Distribution With Scheduled Withdrawal Date. In the case of a Participant who has elected a Scheduled Withdrawal Date for a
distribution while still in the employ of the Company, such Participant shall receive his or her Distributable Amount, but only with respect to those deferrals of Compensation, vested Matching Contribution Amounts and vested Company Discretionary
Contribution Amounts and earnings on such deferrals of Compensation, Matching Contribution Amounts and Company Discretionary Contribution Amounts as shall have been elected by the Participant to be subject to the Scheduled Withdrawal Date in
accordance with this Section 6.1(c) of the Plan. A Participant’s Scheduled Withdrawal Date with respect to deferrals of Compensation, Matching Contribution Amounts and Company Discretionary Contribution Amounts deferred in a given Plan Year can
be no earlier than two years from the last day of the Plan Year for which the deferrals of Compensation, Matching Contribution Amounts and Company Discretionary Contribution Amounts are made. If a Participant’s distribution is at least $10,001
then Participant may choose installment payments up to 5 years for Scheduled Withdrawals while employed. 
  
 (1) A Participant may extend the Scheduled Withdrawal Date for any Plan Year, provided such extension occurs at least one year before the
Scheduled Withdrawal Date and is for a period of not less than five years from the Scheduled Withdrawal Date. In the event a Participant terminates employment with Company prior to a Scheduled Withdrawal Date, other than by reason of death, and has
an Account balance of $10,000 or less, then the portion of the Participant’s Account associated with a Scheduled Withdrawal Date that has not occurred prior to such termination, shall be distributed in a lump sum. In the event a Participant
terminates employment with the Company after a Scheduled Withdrawal Date but prior to completion of scheduled payments, payments shall continue on the elected schedule without regard to Account balance. 
  
 (d) Distribution in the Case of Disability. If a
Participant suffers a Disability, the Participant shall be deemed not to incur a Termination of employment if, and only as long as, he or she continues on the payroll of the Company for base Salary or Bonuses. In such event, the Participant may
continue participation in the Plan on the same basis as other Participants, provided that payments to the Participant made under programs of the Company for Short-Term Disability, Long-Term Disability, or sick pay may not be treated as Base Salary
or Bonuses for purposes of a Deferral Election. 
  

 -8- 

 (e) Distribution for Termination of Employment due to Death. In the case of a
Participant who dies while employed by the Company, the entire Account balance shall be distributed as soon as administratively practical to the Participant’s Beneficiary(ies). 
  
 (f) Distribution in the Event of a Change in Control. For a Change in Control, a Participant may
elect an optional form of benefit, on a form provided by the Company, during his or her election period as provided in Section 3.1, from among the following: 
  

(1) If the Participant’s Account balance is $10,001 or more, substantially equal annual installments up to ten (10) years
beginning on the Participant’s Payment Date. 
  
 (2) A lump sum distribution beginning on the Participant’s Payment Date. 
  
 In the absence of the Participant making a Distribution election, the default form of payment shall be lump sum, beginning on the
Participant’s Payment Date. 
  
 In the case
of a Change in Control on which a Participant has an Account balance of $10,000 or less, the Distributable Amount shall be paid to the Participant (and after his or her death, to his or her Beneficiary) in the form of a lump sum distribution on the
Participant’s Payment Date. 
  
 (g)
Post-Termination Death Benefit. In the event a Participant dies after his or her termination of employment and still has a vested balance in his or her Account, the vested balance of such Account shall be paid to his or her Beneficiary(ies)
in a lump sum. 
  
 (h) Key Employees. Key
Employees of the Company, as defined in Section 416(i) of the Code, may not commence distributions of their Distributable Account until at least six months after Retirement or Termination from the Company (or the date of death, if earlier).

  

	 	6.2	Hardship Distribution. 

  
 A Participant shall be permitted to elect a Hardship Distribution from his or her vested Accounts prior to the Payment Date, subject to
the following restrictions: 
  
 (a) The election
to take a Hardship Distribution shall be made by filing a form provided by and filed with Committee prior to the end of any calendar month. 
  
 (b) The Committee shall have made a determination that the requested distribution constitutes a Hardship Distribution in accordance with
Section 1.1(u) of the Plan, and that the amount of the Hardship Distribution is not in excess of the amount needed to satisfy the extreme financial emergency, plus any tax liability associated with the payment. 
  
 (c) The amount determined by the Committee as a Hardship
Distribution shall be paid in a single cash lump sum as soon as practicable after the end of the calendar month in which the Hardship Distribution election is made and approved by the Committee. 
  

 -9- 

 (d) Deferrals shall be suspended for the remainder of the calendar year in which a
Participant receives a Hardship Distribution. 
  

	 	6.3	Inability to Locate Participant. 

  
 In the event that the Committee is unable to locate a Participant or Beneficiary within two years following the required Payment Date, the
amount allocated to the Participant’s Deferral Account shall be forfeited. If, after such forfeiture, the Participant or Beneficiary later claims such benefit, such benefit shall be reinstated without interest or earnings. 
  
 ARTICLE VII 
  
 ADMINISTRATION 
  

	 	7.1	Plan Administrator. 

  
 The Company is hereby designated as the administrator of the Plan, within the meaning of Section 3(16)(A) of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”). 
  

	 	7.2	Committee. 

  
 The Committee shall consist of at least the Chief Financial Officer and the Vice President Human Resources and any other officer the Board
may select to be part of the Committee. 
  

	 	7.3	Committee Action. 

  
 The Committee shall act at meetings by affirmative vote of a majority of the members of the Committee voting. Any action permitted to be
taken at a meeting may be taken without a meeting if, prior to such action, a written consent to the action is signed by all members of the Committee and such written consent is filed with the minutes of the proceedings of the Committee. A member of
the Committee shall not vote or act upon any matter which relates solely to himself or herself as a Participant. The Chairman or any other member or members of the Committee designated by the Chairman may execute any certificate or other written
direction on behalf of the Committee. 
  

	 	7.4	Powers and Duties of the Committee. 

  
 (a) The Committee, on behalf of the Participants and their Beneficiaries, shall enforce the Plan in accordance with its terms, shall be
charged with the general administration of the Plan, and shall have all powers necessary to accomplish its purposes, including, but not by way of limitation, the following: 
  
 (1) To select the Funds in accordance with Section 3.2(b) hereof; 
  
 (2) To construe and interpret the terms and provisions of
this Plan; 
  

 -10- 

 (3) To compute and certify to the amount and kind of benefits payable to Participants and
their Beneficiaries; 
  
 (4) To maintain all
records that may be necessary for the administration of the Plan; 
  
 (5) To provide for the disclosure of all information and the filing or provision of all reports and statements to Participants, Beneficiaries or governmental agencies as shall be required by law; 
  
 (6) To make and publish such rules for the regulation of the
Plan and procedures for the administration of the Plan as are not inconsistent with the terms hereof; 
  
 (7) To appoint a Plan administrator or any other agent, and to delegate to them such powers and duties in connection with the
administration of the Plan as the Committee may from time to time prescribe; and 
  
 (8) To take all actions necessary for the administration of the Plan. 
  

	 	7.5	Construction and Interpretation. 

  
 The Committee shall have full discretion to construe and interpret the terms and provisions of this Plan, which interpretations or
construction shall be final and binding on all parties, including but not limited to the Company and any Participant or Beneficiary. The Committee shall administer such terms and provisions in a uniform and nondiscriminatory manner and in full
accordance with any and all laws applicable to the Plan. 
  

	 	7.6	Information. 

  
 To enable the Committee to perform its functions, the Company shall supply full and timely information to the Committee on all matters
relating to the Compensation of all Participants, their death or other events which cause termination of their participation in this Plan, and such other pertinent facts as the Committee may require. 
  

	 	7.7	Compensation, Expenses and Indemnity. 

  
 (a) The members of the Committee shall serve without compensation for their services hereunder. 
  
 (b) The Committee is authorized at the expense of the
Company to employ such legal counsel as it may deem advisable to assist in the performance of its duties hereunder. Expenses and fees in connection with the administration of the Plan shall be paid by the Company. 
  
 (c) To the extent permitted by applicable state law, the
Company shall indemnify and hold harmless the Committee and each member thereof, the Board of Directors and any delegate of the Committee who is an employee of the Company against any and all expenses, liabilities and claims, including legal fees to
defend against such liabilities and claims 

  

 -11- 

 
arising out of their discharge in good faith of responsibilities under or incident to the Plan, other than expenses and liabilities arising out of willful
misconduct. This indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or provided by the Company under any bylaw, agreement or otherwise, as such indemnities are permitted under state
law. 
  

	 	7.8	Quarterly Statements. 

  
 Under procedures established by the Committee, a Participant shall receive a statement with respect to such Participant’s Accounts on
a quarterly basis. 
  

	 	7.9	Disputes. 

  
 (a) Claim. 
  
 A person who believes that he or she is being denied a benefit to which he or she is entitled under this Plan (hereinafter referred to as
“Claimant”) must file a written request for such benefit with the Company, setting forth his or her claim. The request must be addressed to the President of the Company at its then principal place of business. 
  
 (b) Claim Decision. 
  
 Upon receipt of a claim, the Company shall advise the
Claimant that a reply will be forthcoming within ninety (90) days and shall, in fact, deliver such reply within such period. The Company may, however, extend the reply period for an additional ninety (90) days for special circumstances, after
providing notice to the Claimant. 
  
 If the
claim is denied in whole or in part, the Company shall inform the Claimant in writing, using language calculated to be understood by the Claimant, setting forth: (A) the specified reason or reasons for such denial; (B) the specific reference to
pertinent provisions of this Plan on which such denial is based; (C) a description of any additional material or information necessary for the Claimant to perfect his or her claim and an explanation of why such material or such information is
necessary; (D) appropriate information as to the steps to be taken if the Claimant wishes to submit the claim for review; and (E) the time limits for requesting a review under subsection (c). 
  
 (c) Request For Review. 
  
 Within sixty (60) days after the receipt by the Claimant of
the written opinion described above, the Claimant may request in writing that the Committee review the determination of the Company. Such request must be addressed to the Secretary of the Company, at its then principal place of business. The
Claimant or his or her duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Committee. If the Claimant does not request a review within such sixty (60)
day period, he or she shall be barred and estopped from challenging the Company’s determination. 
  

 -12- 

 (d) Review of Decision. 
  
 Within sixty (60) days after the Committee’s receipt of
a request for review, after considering all materials presented by the Claimant, the Committee will inform the Participant in writing, in a manner calculated to be understood by the Claimant, the decision setting forth the specific reasons for the
decision containing specific references to the pertinent provisions of this Plan on which the decision is based. If special circumstances require that the sixty (60) day time period be extended, the Committee will so notify the Claimant and will
render the decision as soon as possible, but no later than one hundred twenty (120) days after receipt of the request for review. 
  
 ARTICLE VIII 
  
 MISCELLANEOUS 
  

	 	8.1	Unsecured General Creditor. 

  
 Participants and their Beneficiaries, heirs, successors, and assigns shall have no legal or equitable rights, claims, or interest in any
specific property or assets of the Company. No assets of the Company shall be held in any way as collateral security for the fulfilling of the obligations of the Company under this Plan. Any and all of the Company’s assets shall be, and remain,
the general unpledged, unrestricted assets of the Company. The Company’s obligation under the Plan shall be merely that of an unfunded and unsecured promise of the Company to pay money in the future, and the rights of the Participants and
Beneficiaries shall be no greater than those of unsecured general creditors. It is the intention of the Company that this Plan be unfunded for purposes of the Code and for purposes of Title 1 of ERISA. 
  

	 	8.2	Restriction Against Assignment. 

  
 The Company shall pay all amounts payable hereunder only to the person or persons designated by the Plan and not to any other person or
corporation. No part of a Participant’s Accounts shall be liable for the debts, contracts, or engagements of any Participant, his or her Beneficiary, or successors in interest, nor shall a Participant’s Accounts be subject to execution by
levy, attachment, or garnishment or by any other legal or equitable proceeding, nor shall any such person have any right to alienate, anticipate, sell, transfer, commute, pledge, encumber, or assign any benefits or payments hereunder in any manner
whatsoever. If any Participant, Beneficiary or successor in interest is adjudicated bankrupt or purports to anticipate, alienate, sell, transfer, commute, assign, pledge, encumber or charge any distribution or payment from the Plan, voluntarily or
involuntarily, the Committee, in its discretion, may cancel such distribution or payment (or any part thereof) to or for the benefit of such Participant, Beneficiary or successor in interest in such manner as the Committee shall direct. 

 

	 	8.3	Withholding. 

  
 There shall be deducted from each payment made under the Plan or any other Compensation payable to the Participant (or Beneficiary) all
taxes which are required to be withheld by the Company in respect to such payment or this Plan. The Company shall have the right to reduce any payment (or compensation) by the amount of cash sufficient to provide the amount of said taxes. 

  

 -13- 

	 	8.4	Amendment, Modification, Suspension or Termination. 

  
 The Committee may amend, modify, suspend or terminate the Plan in whole or in part, except that no amendment, modification, suspension or
termination shall have any retroactive effect to reduce any amounts allocated to a Participant’s Accounts. 
  

	 	8.5	Governing Law. 

  
 This Plan shall be construed, governed and administered in accordance with the laws of the State in which the Company is incorporated,
except where pre-empted by federal law. 
  

	 	8.6	Receipt or Release. 

  
 Any payment made in good faith to a Participant or the Participant’s Beneficiary shall, to the extent thereof, be in full
satisfaction of all claims against the Committee, its members and the Company. The Committee may require such Participant or Beneficiary, as a condition precedent to such payment, to execute a receipt and release to such effect. 
  

	 	8.7	Payments on Behalf of Persons Under Incapacity. 

  
 In the event that any amount becomes payable under the Plan to a person who, in the sole judgment of the Committee, is considered by
reason of physical or mental condition to be unable to give a valid receipt therefore, the Committee may direct that such payment be made to any person found by the Committee, in its sole judgment, to have assumed the care of such person. Any
payment made pursuant to such determination shall constitute a full release and discharge of the Committee and the Company. 
  

	 	8.8	Limitation of Rights and Employment Relationship. 

  
 Neither the establishment of the Plan nor any modification thereof, nor the creating of any fund or account, nor the payment of any
benefits shall be construed as giving to any Participant, or Beneficiary or other person any legal or equitable right against the Company except as provided in the Plan; and in no event shall the terms of employment of any Employee or Participant be
modified or in any way be affected by the provisions of the Plan. 
  

	 	8.9	Headings. 

  
 Headings and subheadings in this Plan are inserted for convenience of reference only and are not to be considered in the construction of
the provisions hereof. 
  

 -14-Credit Agreement

 Exhibit 10.1 
  
 Execution Copy 
  

  
 U.S. $2,900,000,000 
  
 CREDIT AGREEMENT

  
 Dated as of July 28, 2005 
  
 Among 
  
 OMNICARE, INC. 
 as the Borrower, 
  
 THE LENDERS FROM TIME TO TIME
PARTIES HERETO 
  
 JPMORGAN CHASE BANK, N.A. 

as a Joint Syndication Agent, 
  
 LEHMAN BROTHERS INC., 
 as a Joint
Syndication Agent, 
  
 CIBC WORLD MARKETS CORP., 

as a Co-Documentation Agent, 
  
 MERRILL LYNCH, PIERCE 
 FENNER &
SMITH INCORPORATED, 
 as a Co-Documentation Agent 
  

WACHOVIA CAPITAL MARKETS, LLC 
 as
Co-Documentation Agent 
  
 and 
  
 SUNTRUST BANK, 
 as Administrative Agent 
  

					
	 J. P. MORGAN
 SECURITIES INC.
	 	 SUNTRUST CAPITAL
 MARKETS, INC.
	 	 LEHMAN BROTHERS
 INC.

	 a Joint Lead Arranger
 and a Joint Book Runner
	 	 a Joint Lead Arranger
 and a Joint Book Runner
	 	 a Joint Lead Arranger
 and a Joint Book Runner

  

 TABLE OF CONTENTS 
  

					
	 	  	 	 	Page

	 ARTICLE I. DEFINITIONS
	 	6
			
	 1.1.
	  	Certain Defined Terms	 	6
		
	 ARTICLE II. THE CREDITS
	 	24
			
	 2.1.
	  	The Revolving Loans	 	25
	 2.2.
	  	Term Loans and 364-Day Loans.	 	24
	 2.3.
	  	Repayment of the Loans	 	26
	 2.4.
	  	Ratable Loans; Types of Revolving Advances	 	27
	 2.5.
	  	Minimum Amount of Each Revolving Advance	 	27
	 2.6.
	  	Prepayments of Loans.	 	27
	 2.7.
	  	Method of Selecting Types and Interest Periods for New Revolving Advances	 	28
	 2.8.
	  	Conversion and Continuation of Outstanding Advances	 	28
	 2.9.
	  	Payment of Interest on Advances; Changes in Interest Rate	 	29
	 2.10.
	  	Swing Line Loans	 	30
	 2.11.
	  	Commitment Fees; Reductions in Commitment	 	31
	 2.12.
	  	Rates Applicable After Default	 	32
	 2.13.
	  	Method of Payment	 	32
	 2.14.
	  	Noteless Agreement; Evidence of Indebtedness; Telephonic Notices	 	33
	 2.15.
	  	Notification of Advances, Interest Rates, Prepayments and Commitment Reductions	 	34
	 2.16.
	  	Lending Installations	 	34
	 2.17.
	  	Non-Receipt of Funds by the Agent	 	34
	 2.18.
	  	Withholding Tax Exemption	 	34
	 2.19.
	  	Termination	 	35
	 2.20.
	  	Letter of Credit Facility	 	35
	 2.21.
	  	Additional Term Loans	 	39
		
	 ARTICLE III. CHANGE IN CIRCUMSTANCES
	 	39
			
	 3.1.
	  	Yield Protection	 	39
	 3.2.
	  	Changes in Capital Adequacy Regulations	 	40
	 3.3.
	  	Availability of Types of Advances	 	40
	 3.4.
	  	Funding Indemnification	 	41
	 3.5.
	  	Mitigation; Lender Statements; Survival of Indemnity	 	41
		
	ARTICLE IV. CONDITIONS PRECEDENT	 	42
			
	 4.1.
	  	Effectiveness	 	42
	 4.2.
	  	Initial Revolving Advance, Etc	 	44
	 4.3.
	  	364-Day Loans	 	44
	 4.4.
	  	Each Advance and Letter of Credit	 	46

  

 1 

					
	 ARTICLE V. REPRESENTATIONS AND WARRANTIES
	  	46
			
	 5.1.
	  	Corporate Existence and Standing	  	46
	 5.2.
	  	Authorization and Validity	  	47
	 5.3.
	  	No Conflict; Government Consent	  	47
	 5.4.
	  	Financial Statements	  	47
	 5.5.
	  	Material Adverse Change	  	47
	 5.6.
	  	Taxes	  	47
	 5.7.
	  	Litigation and Contingent Liabilities	  	48
	 5.8.
	  	Subsidiaries	  	48
	 5.9.
	  	ERISA	  	48
	 5.10.
	  	Accuracy of Information	  	49
	 5.11.
	  	Regulation U	  	49
	 5.12.
	  	Material Agreements	  	49
	 5.13.
	  	Compliance With Laws	  	49
	 5.14.
	  	Ownership of Properties	  	49
	 5.15.
	  	Investment Company Act	  	49
	 5.16.
	  	Public Utility Holding Company Act	  	49
	 5.17.
	  	Seniority of Obligations	  	49
	 5.18.
	  	Solvency	  	50
	 5.19.
	  	Patriot Act Information	  	50
		
	 ARTICLE VI. COVENANTS
	  	50
			
	 6.1.
	  	Financial Reporting	  	50
	 6.2.
	  	Use of Proceeds	  	52
	 6.3.
	  	Notice of Default	  	52
	 6.4.
	  	Conduct of Business	  	52
	 6.5.
	  	Taxes	  	53
	 6.6.
	  	Insurance	  	53
	 6.7.
	  	Compliance with Laws and Material Agreements	  	53
	 6.8.
	  	Maintenance of Properties	  	53
	 6.9.
	  	Inspection	  	53
	 6.10.
	  	Merger	  	53
	 6.11.
	  	Sale of Assets	  	54
	 6.12.
	  	Prepayments	  	54
	 6.13.
	  	Affiliates	  	55
	 6.14.
	  	Investments	  	55
	 6.15.
	  	Contingent Obligations	  	56
	 6.16.
	  	Liens	  	57
	 6.17.
	  	Minimum Consolidated Net Worth	  	58
	 6.18.
	  	Fixed Charges Coverage	  	59
	 6.19.
	  	Acquisitions	  	59
	 6.20.
	  	Supplemental Guarantors	  	59
	 6.21.
	  	Subordinated Indebtedness	  	60
	 6.22.
	  	Agent Agreements	  	60
	 6.23.
	  	NeighborCare Notes	  	60

  

 2 

					
	 ARTICLE VII. DEFAULTS
	  	60
		
	 ARTICLE VIII. ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
	  	63
			
	 8.1.
	  	Acceleration	  	63
	 8.2.
	  	Amendments	  	63
	 8.3.
	  	Preservation of Rights	  	64
		
	ARTICLE IX. GENERAL PROVISIONS	  	64
			
	 9.1.
	  	Survival of Representations	  	64
	 9.2.
	  	Governmental Regulation	  	65
	 9.3.
	  	Stamp Duties	  	65
	 9.4.
	  	Headings	  	65
	 9.5.
	  	Integration	  	65
	 9.6.
	  	Several Obligations; Benefits of this Agreement	  	65
	 9.7.
	  	Expenses; Indemnification	  	65
	 9.8.
	  	Numbers of Documents	  	66
	 9.9.
	  	Accounting	  	66
	 9.10.
	  	Severability of Provisions	  	66
	 9.11.
	  	Nonliability of Lenders	  	66
	 9.12.
	  	Choice of Law	  	67
	 9.13.
	  	Consent to Jurisdiction	  	67
	 9.14.
	  	Waiver of Jury Trial	  	67
	 9.15.
	  	Confidentiality	  	67
		
	 ARTICLE X. THE AGENT
	  	68
			
	 10.1.
	  	Appointment	  	68
	 10.2.
	  	Powers	  	68
	 10.3.
	  	General Immunity	  	68
	 10.4.
	  	No Responsibility for Loans, Recitals, Etc	  	68
	 10.5.
	  	Action on Instructions of Lenders	  	68
	 10.6.
	  	Employment of Agents and Counsel	  	68
	 10.7.
	  	Reliance on Documents; Counsel	  	69
	 10.8.
	  	Agent’s Reimbursement and Indemnification	  	68
	 10.9.
	  	Rights as a Lender	  	69
	 10.10.
	  	Lender Credit Decision	  	69
	 10.11.
	  	Successor Agent	  	70
	 10.12.
	  	Agent’s Fee	  	70
	 10.13.
	  	Syndication Agents, Documentation Agents, etc	  	70
	 10.14.
	  	Notice of Default	  	71
	 10.15.
	  	Guarantor Releases	  	71
		
	 ARTICLE XI. SETOFF; RATABLE PAYMENTS
	  	71
			
	 11.1.
	  	Setoff	  	70
	 11.2.
	  	Ratable Payments	  	71

  

 3 

					
	 ARTICLE XII. BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	  	71
			
	 12.1.
	  	Successors and Assigns	  	71
	 12.2.
	  	Participations	  	72
	 12.3.
	  	Assignments	  	73
	 12.4.
	  	Dissemination of Information	  	74
	 12.5.
	  	Tax Treatment	  	74
		
	ARTICLE XIII. NOTICES	  	75
			
	 13.1.
	  	Notices	  	75
	 13.2.
	  	Change of Address	  	75
		
	ARTICLE XIV. COUNTERPARTS	  	75

  
  

 4 

					
	 	  	SCHEDULES
			
	 Schedule I
	  	—  	  	Pricing Schedule
			
	 Schedule II
	  	—  	  	Commitments
			
	 Schedule III
	  	—  	  	Disclosure Schedule
			
	 Schedule IV
	  	—  	  	Initial Guarantors
			
	 Schedule V
	  	—  	  	Existing Letters of Credit
		
	 	  	EXHIBITS
			
	 Exhibit A
	  	—  	  	Form of Revolving Note
			
	 Exhibit B-1
	  	—  	  	Form of Term Note
			
	 Exhibit B- 2
	  	—  	  	Form of 364-Day Note
			
	 Exhibit C-1
	  	—  	  	Opinion of Dewey Ballantine LLP
			
	 Exhibit C-2
	  	—  	  	Opinion of Dechert LLP
			
	 Exhibit D
	  	—  	  	Form of Compliance Certificate
			
	 Exhibit E
	  	—  	  	Form of Assignment Agreement
			
	 Exhibit F
	  	—  	  	Form of Loan/Credit Related Money Transfer
			
	 Exhibit G
	  	—  	  	Form of Revolving Advance Borrowing Notice
			
	 Exhibit H
	  	—  	  	Form of Prepayment Notice
			
	 Exhibit I
	  	—  	  	Form of Conversion/Continpuation Notice

  
  

 5 

 THIS CREDIT AGREEMENT, dated as of July 28, 2005, is among OMNICARE, INC., as the Borrower, the lenders
named herein, as the Lenders, JPMorgan Chase Bank, N.A. (“JPMorgan”) as a Joint Syndication Agent, Lehman Brothers Inc. (“Lehman”), as a Joint Syndication Agent, CIBC World Markets Corp. (“CIBC”),
as a Co-Documentation Agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”), as a Co-Documentation Agent, Wachovia Capital Markets, LLC (“Wachovia”), as a Co-Documentation Agent, and
SunTrust Bank, with its office in Atlanta, Georgia, as the Administrative Agent (in such capacity, the “Agent”). The parties hereto agree as follows: 
  
 ARTICLE I. 
  
 DEFINITIONS 
  
 1.1. Certain Defined Terms. As used in this Agreement the following terms shall have the following meanings, such meanings being equally applicable
to both the singular and plural forms of the terms defined: 
  
 “2011 Subordinated Indenture” means the Indenture dated as of March 20, 2001 by and between the Borrower and SunTrust Bank, as Trustee, as the same may be supplemented, amended or otherwise modified from time to time,
pursuant to which the 2011 Subordinated Notes were issued. 
  
 “2011 Subordinated Notes” means the 8 1/8% Senior Subordinated Notes in the aggregate
amount of $375,000,000 due in 2011, issued by the Borrower pursuant to the 2011 Subordinated Indenture. 
  
 “2013 Subordinated Notes” means the 6 1/8% Senior Subordinated Notes in the aggregate amount of $250,000,000 due in 2013, issued by the Borrower pursuant to the 2013 Subordinated Notes Supplemental Indenture. 
  
 “2013 Subordinated Notes Supplemental Indenture” means the
First Supplemental Indenture dated as of June 13, 2003 by and between the Borrower and SunTrust Bank, as Trustee, as the same may be supplemented, amended or otherwise modified from time to time, pursuant to which the 2013 Subordinated Notes were
issued. 
  
 “364-Day Advance” means the aggregate
principal amount outstanding under the 364-Day Loans from time to time. 
  
 “364-Day Advance Borrowing Notice” has the meaning specified in Section 2.2.2. 
  
 “364-Day Commitment” means, for each Lender, the obligation of such Lender to make a 364-Day Loan hereunder on any 364-Day Funding Date,
in an amount not exceeding the amount set forth opposite its name on Schedule II attached hereto as reflected in the 364-Day Commitment column, as such amount may be reduced pursuant to Section 2.2.2 or increased pursuant to Section 2.2.3. The
original aggregate amount of the 364-Day Commitments is $1,400,000,000. 
  
 “364-Day Commitment Expiration Date” means December 30, 2005. 
  

 6 

 “364-Day Funding Date” means, with respect to any 364-Day Loan, the date specified by
the Borrower in the 364-Day Advance Borrowing Notice with respect to such 364-Day Loan as the date on which such 364-Day Loan is to be made. 
  
 “364-Day Lender” means each Lender that has a 364-Day Commitment or that is the holder of 364-Day Loans. 
  
 “364-Day Loan” has the meaning specified in Section 2.2.2.

  
 “364-Day Note” has the meaning specified in
Section 2.14(d). 
  
 “364-Day Percentage” means,
as to any Lender, at any time, the percentage which its 364-Day Commitment then constitutes of the Aggregate 364-Day Commitment. 
  
 “Acquisition” means any transaction, or any series of related transactions, by which the Borrower or any of its Subsidiaries (a) acquires
any going business or all or substantially all of the assets of any firm, corporation or division thereof which constitutes a going business, whether through purchase of assets, merger or otherwise or (b) directly or indirectly acquires (in one
transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for the election of directors (other than securities having such
power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding partnership interests of a partnership or a majority (by percentage or voting power) of the outstanding ownership interests of a
limited liability company. 
  
 “Advance” means a
Revolving Advance, the Term Advance and a 364-Day Advance. 
  
 “Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common control with such Person. A Person shall be deemed to control another Person if the controlling Person owns
10% or more of any class of voting securities (or other ownership interests) of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether
through ownership of stock, by contract or otherwise. 
  
 “Agent” means SunTrust in its capacity as agent for the Lenders pursuant to Article X, and not in its capacity as a Lender, and any successor Agent appointed pursuant to Article X. 
  
 “Agent Agreements” means any and all of the letter
agreements, dated July 6, 2005, entered into among (i) the Borrower and (ii) Lehman, J.P. Morgan Securities Inc., CIBC, Merrill Lynch, SunTrust Capital Markets, Inc., and Wachovia (and certain of their respective affiliates). 
  
 “Aggregate Commitment” means the aggregate of the Aggregate
Revolving Commitment, the Aggregate Term Commitment and the Aggregate 364-Day Commitment of all the Lenders. 
  
 “Aggregate 364-Day Commitment” means, at any time, the then aggregate of the 364-Day Commitments of all Lenders, as may be reduced from
time to time pursuant to the terms hereof. 
  

 7 

 “Aggregate Revolving Commitment” means, at any time, the then aggregate of the Revolving
Commitments of all Lenders, as may be reduced from time to time pursuant to the terms hereof. 
  
 “Aggregate Term Commitment” means the aggregate of the Term Commitments of all Lenders, as may be reduced pursuant to the terms hereof. 
  
 “Agreement” means this Credit Agreement, as it may from time to time be amended, restated, supplemented or
otherwise modified. 
  
 “Agreement Accounting
Principles” means GAAP, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4. 
  
 “Alternate Base Rate” means, for any day, a rate of interest per annum equal to the higher of (a) the Prime Rate for such day and (b) the
sum of Federal Funds Effective Rate for such day plus 0.50% per annum. 
  
 “Applicable Commitment Fee Rate” means, for any date, the applicable per annum Commitment Fee Rate set forth on the Pricing Schedule. 
  

“Applicable Letter of Credit Fee Rate” means, for any date, with respect to Letters of Credit issued pursuant to or governed by the
terms of this Agreement, the applicable per annum Letter of Credit Fee Rate set forth on the Pricing Schedule. 
  
 “Applicable Margin” means, for any date, with respect to 364-Day Loans comprising any Eurodollar Advance, 0.75% per annum, and with
respect to all other Loans comprising any Eurodollar Advance, the applicable rate per annum set forth on the Pricing Schedule. 
  
 “Applicable Permitted Acquisition” means, on any 364-Day Funding Date, RxCrossroads, if the proceeds of the 364-Day Loans on such 364-Day
Funding Date are to be used to consummate the acquisition thereof, or ExcelleRx, if the proceeds of the 364-Day Loans on such 364-Day Funding Date are to be used to consummate the acquisition thereof. 
  
 “Arrangers” means J. P. Morgan Securities Inc., a Delaware
corporation, and its successors, in its capacity as a Joint Lead Arranger and a Joint Book Runner, SunTrust Capital Markets, Inc., a Tennessee corporation, and its successors, in its capacity as a Joint Lead Arranger and a Joint Book Runner and
Lehman Brothers Inc., a Delaware corporation, and its successors, in its capacity as a Joint Lead Arranger and a Joint Book Runner. 
  
 “Article” means an article of this Agreement unless another document is specifically referenced. 
  
 “Authorized Officer” means any of the President, Executive
Vice President, Senior Vice President, Vice President, Finance or Treasurer of the Borrower, or any Person designated by any two of the foregoing, acting singly. 
  
 “Borrower” means Omnicare, Inc., a Delaware corporation, and its successors and assigns. 
  

 8 

 “Borrowing Date” means a date on which a 364-Day Loan, a Revolving Advance or a Swing
Line Loan is made hereunder. 
  
 “Borrowing
Notice” means the Term Advance Borrowing Notice, a 364-Day Advance Borrowing Notice, a Revolving Advance Borrowing Notice or a Swing Line Borrowing Notice. 
  
 “Business Day” means (a) with respect to any borrowing, payment or rate selection of Eurodollar Advances, a
day (other than a Saturday or Sunday) on which banks generally are open in Atlanta, Georgia, New York, New York and London for the conduct of substantially all of their commercial lending activities and (b) for all other purposes, a day (other than
a Saturday or Sunday) on which banks generally are open in Atlanta, Georgia and New York, New York for the conduct of substantially all of their commercial lending activities. 
  
 “Capitalized Lease” of a Person means any lease of Property by such Person as lessee which would be
capitalized on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 
  
 “Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capitalized Leases which would be
shown as a liability on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 
  
 “Capital Stock” means 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, rights or options to purchase any of the foregoing. 
  
 “Change in Control” means (i) the acquisition by any Person, or two or more Persons acting in concert, of
beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended) of 45% or more of the outstanding shares of voting stock of the Borrower, (ii) a “Change of
Control” as defined in the 2011 Subordinated Indenture, (iii) a “Change of Control” as defined in the 2013 Subordinated Notes Supplemental Indenture or (iv) a “Change of Control” as defined in the Trust PIERS
Supplemental Indenture or in the New Trust Piers Supplemental Indenture. 
  
 “Chief Financial Officer” means, at any time, the Person who reports to the board of directors of the Borrower on the financial affairs of the Borrower and the Subsidiaries. 
  
 ‘CIBC” has the meaning specified in the preamble hereto.

  
 “Code” means the Internal Revenue Code of
1986, as amended from time to time. 
  
 “Commitment” means, for each Lender, its Revolving Commitment, its Term Commitment and its 364-Day Commitment. 
  
 “Condemnation” has the meaning specified in Section 7.8. 
  
 “Consolidated Fixed Charges” for any period means on a consolidated basis for the Borrower and all of its
Subsidiaries for such period, the sum of (a) all interest paid in cash by the 
  

 9 

 Borrower and all of its Subsidiaries (net of interest income), including the cash interest component of Capitalized Lease
Obligations and Receivables Facility Financing Costs, (b) all scheduled payments of the principal amount of any Indebtedness of the Borrower or any of its Subsidiaries (including any scheduled redemption of any such Indebtedness but excluding (i)
any payment of Indebtedness of a Subsidiary acquired subsequent to the date of this Agreement if such Indebtedness is repaid within sixty (60) days of the Acquisition of such Subsidiary, (ii) Indebtedness incurred under this Agreement with respect
to the Revolving Loans and Swing Line Loans and (iii) repayments of the 364-Day Loans prior to the maturity date thereof with the proceeds of a securities offering), (c) all income or similar taxes paid in cash by the Borrower or any of its
Subsidiaries, and (d) all payments of Rentals by the Borrower or any of its Subsidiaries, all as determined in accordance with Agreement Accounting Principles. 
  

“Consolidated Net Income” means, for any period, the consolidated net income (or loss) of the Borrower and its Subsidiaries for such
period determined in accordance with Agreement Accounting Principles; provided, that there shall be excluded (i) the income (or loss) of any Affiliate of the Borrower or other Person (other than a Subsidiary of the Borrower) in which any Person
(other than the Borrower or any of its Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other distributions actually paid to the Borrower or any of its Subsidiaries by such Affiliate or other Person during such
period and (ii) the income (or loss) of any Person accrued prior to the date it becomes a Subsidiary of the Borrower or is merged into or consolidated with the Borrower or any of its Subsidiaries or that Person’s assets are acquired by the
Borrower or any of its Subsidiaries. 
  
 “Consolidated Net
Worth” means, as of the date of any determination thereof, the amount of the shareholders’ equity of the Borrower and its Subsidiaries as would be shown on the consolidated balance sheet of the Borrower and its Subsidiaries determined
on a consolidated basis in accordance with Agreement Accounting Principles. 
  
 “Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment
of, or otherwise becomes or is contingently liable upon, the obligation or liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of
such other Person against loss, including, without limitation, any operating agreement, take-or-pay contract or application for or reimbursement agreement with respect to a letter of credit (including any Letter of Credit but excluding any
endorsement of instruments for deposit or collection in the ordinary course of business). 
  
 “Controlled Group” means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower or any of
its Subsidiaries, are treated as a single employer under Section 414 of the Code. 
  
 “Conversion/Continuation Notice” has the meaning specified in Section 2.8. 
  
 “Default” means an event described in Article VII. 
  

 10 

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

  
 “EBIT” for any period means Consolidated Net
Income during such period, plus (to the extent deducted in determining Consolidated Net Income) (a) all provisions for any income or similar taxes paid or accrued by the Borrower or any of its Subsidiaries during such period, (b) interest (including
Receivables Facility Financing Costs) paid or payable by the Borrower or any of its Subsidiaries during such period as determined in accordance with Agreement Accounting Principles, (c) extraordinary losses and (d) any non-cash expenses including
relating to stock option exercises (if applicable accounting rules so require) and minus (to the extent included in Consolidated Net Income) (x) interest earned by the Borrower or any of its Subsidiaries during such period and (y) extraordinary
gains. 
  
 “Effective Date” means July 28, 2005.

  
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time, and any rule or regulation issued thereunder. 
  
 “Eurodollar Advance” means a Revolving Advance, Term Advance or 364-Day Advance denominated in Dollars that bears interest at a
Eurodollar Rate. 
  
 “Eurodollar Base Rate”
means, with respect to a Eurodollar Advance for the relevant Interest Period, the applicable British Bankers’ Association Interest Settlement Rate for deposits in U.S. dollars appearing on Reuters Screen FRBD as of 11:00 a.m. (London time) two
Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period, provided that, (i) if Reuters Screen FRBD is not available to the Agent for any reason, the applicable Eurodollar Base Rate for the
relevant Interest Period shall instead be the applicable British Bankers’ Association Interest Settlement Rate for deposits in U.S. dollars as reported by any other generally recognized financial information service as of 11:00 a.m. (London
time) two Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period, and (ii) if no such British Bankers’ Association Interest Settlement Rate is available to the Agent, the applicable
Eurodollar Base Rate for the relevant Interest Period shall instead be the rate determined by the Agent to be the rate at which SunTrust or one of its Affiliate banks offers to place deposits in U.S. dollars with first-class banks in the London
interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period, in the approximate amount of SunTrust’s relevant Eurodollar Loan and having a maturity equal to such Interest Period.

  
 “Eurodollar Interest Period” means, with
respect to a Eurodollar Advance, a period of one, two, three or six months or, if available from all of the Lenders in their respective sole discretion, nine or twelve months, commencing on a Business Day selected by the Borrower pursuant to this
Agreement; provided that, notwithstanding anything in this Agreement to the contrary, (a) Borrower shall not be permitted to select Eurodollar Interest Periods to be in effect at any one time which have expiration dates occurring on more than ten
(10) different dates and (b) during the One Month Interest Period Syndication Period, “Eurodollar Interest Period” means, with respect to a Eurodollar Advance, a period of seven days, fourteen days, twenty-one days or one month. Other than
during the One Month Interest Period Syndication Period, such Eurodollar Interest Period shall end on (but exclude) the day which corresponds numerically to 
  

 11 

 such date one, two, three, six, nine or twelve months thereafter, unless there is no such numerically corresponding day
in such next, second, third, sixth, ninth or twelfth succeeding month, in which case such Eurodollar Interest Period shall end on the last Business Day of such next, second, third, sixth, ninth or twelfth succeeding month. If a Eurodollar Interest
Period would otherwise end on a day which is not a Business Day, such Eurodollar Interest Period shall end on the next succeeding Business Day, unless said next succeeding Business Day falls in a new calendar month, in which case such Eurodollar
Interest Period shall end on the immediately preceding Business Day. 
  
 “Eurodollar Loan” means a Revolving Loan, Term Loan or 364-Day Loan denominated in Dollars which bears interest at a Eurodollar Rate. 
  

“Eurodollar Rate” means, with respect to a Eurodollar Advance for the relevant Eurodollar Interest Period, the sum of (a) the quotient
of (i) the Eurodollar Base Rate applicable to such Eurodollar Interest Period, divided by (ii) one minus the Reserves (expressed as a decimal) applicable to such Eurodollar Interest Period, plus (b) the Applicable Margin in effect from time to time
during such Eurodollar Interest Period. 
  
 “ExcelleRx” means excelleRx, Inc., a Delaware corporation. 
  
 “Exchange Transaction” means the exchange by the Borrower of the New Trust Piers for the Trust PIERS as described in and subject to the terms and conditions contained in the Prospectus. 
  
 “Excluded Capital Stock” means any Capital Stock issued (i)
in connection with (a) a conversion of debt securities to equity, (b) an exercise by a present or former employee, officer or director under a stock incentive plan, stock option plan or other equity-based compensation plan or arrangement, (c) any
employee benefit plan or (d) any dividend reinvestment plan or direct stock purchase plan, (ii) as consideration for a Permitted Acquisition or (iii) the proceeds of which are used to redeem, repurchase or repay the 2011 Subordinated Notes.

  
 “Excluded Taxes” means, in the case of each
Lender and the Agent, taxes imposed on its net income, franchise taxes and other similar taxes computed by reference to net income imposed on it, by (i) the jurisdiction under the laws of which it is incorporated or organized or (ii) the
jurisdiction in which its principal executive office or applicable Lending Installation is located. 
  
 “Existing Agreement” has the meaning specified in Section 4.1(i). 
  
 “Existing Letters of Credit” means those letters of credit outstanding on the Effective Date and identified
on Schedule V. 
  
 “Existing L/C Issuer” means
the issuer of any Existing Letter of Credit. 
  
 “Facility
Termination Date” means July 28, 2010. 
  

 12 

 “Fair Value” means the value of the relevant asset determined in an arm’s-length
transaction conducted in good faith between an informed and willing buyer and an informed and willing seller under no compulsion to buy or sell. 
  
 “Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day is not a Business Day, for the immediately preceding 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 at approximately 11:00 a.m. (Atlanta time) on such day on such transactions received by the Agent from three Federal funds
brokers of recognized standing selected by the Agent in its sole discretion. 
  
 “Financial Undertaking” of a Person means (a) any repurchase obligation or similar liability of such Person or any of its Subsidiaries with respect to accounts or notes receivable sold by such Person
or any of its Subsidiaries, (b) any liability under any sale and leaseback transactions which do not create a liability on the consolidated balance sheet of such Person and its Subsidiaries or (c) obligations arising with respect to any other
transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the consolidated balance sheet of such Person and its Subsidiaries. 
  
 “Fixed Charge Coverage Ratio” means, for any period, the
ratio of (a) the sum of (i) EBIT of the Borrower and all of its Subsidiaries plus (ii) all discounts in any securitization transactions plus (iii) Rentals of the Borrower and all of its Subsidiaries on a consolidated basis to (b) Consolidated Fixed
Charges. 
  
 “Floating Rate” means, for any day,
a rate per annum equal to the Alternate Base Rate for such day, changing when and as the Alternate Base Rate changes. 
  
 “Floating Rate Advance” means any Advance denominated in Dollars which bears interest at the Floating Rate. 
  
 “Floating Rate Loan” means a Loan denominated in Dollars
which bears interest at the Floating Rate. 
  
 “GAAP” means generally accepted accounting principles as in effect from time to time. 
  
 “Governmental Acts” has the meaning specified in Section 2.20.6(a). 
  
 “Governmental Authority” means any country or nation, any political subdivision of such country or nation,
and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government of any country or nation or political subdivision thereof. 
  
 “Gross Negligence” means either recklessness or actions
taken or omitted with conscious indifference to or the complete disregard of consequences. Gross Negligence does not mean the absence of ordinary care or diligence, or an inadvertent act or inadvertent failure to act. If the term “gross
negligence” is used with respect to the Agent or any Lender or any indemnitee in any of the other Loan Documents, it shall have the meaning set forth herein. 
  

 13 

 “Guarantor” means (a) as of the date of this Agreement, the Initial Guarantors and (b)
each other Subsidiary added as a Guarantor pursuant to the terms of Section 6.20 (a “Supplemental Guarantor”), and in each such case their respective successors and assigns. 
  
 “Guaranty” means (a) each guaranty executed as of the date of this Agreement by each of the Initial
Guarantors and (b) each other guaranty executed by a Supplemental Guarantor pursuant to the terms of Section 6.20, and in each such case as the same may from time to time be amended, modified, supplemented and/or restated. 
  
 “Health Care Company” means a Person that is engaged,
directly or indirectly, in (a) owning, operating or managing one or more facilities which dispenses, markets or provides healthcare products or services, including, without limitation, pharmaceutical products or services, (b) purchasing,
repackaging, selling or dispensing pharmaceutical products, (c) providing healthcare consulting and billing services, (d) distributing medical supplies and equipment, (e) providing infusion therapy products or services, (f) providing respiratory
services, equipment or supplies, (g) providing parenteral and enteral nutrition products, wound care products, osotomy and urological supplies, (h) providing home health care services, (i) providing dialysis services, (j) providing contract
pharmaceutical research services, (k) providing disease and outcome management services, including formulary services, (1) providing orthopedic supplies and services, (m) providing information technology, including software products and services, to
Persons engaged in any of the foregoing businesses, including long term care institutions, (n) providing any service or product described in the Standard Industrial Classification Manual (1987 Revision) published by the Office of Management and
Budget under the heading Industry No. 5047, 5122, 5912 or 8731 or Major Group 80 as a whole or their equivalents described in the North American Industry Classification system (United States, 1997) published by the Office of Management and Budget,
(o) providing any product or service ancillary or incidental to the healthcare industry to any customer or client of any of the foregoing Persons, or (p) providing any other healthcare related products or services. 
  
 “Hedging Agreement” means any agreement with respect to any
Interest Rate Contract, forward rate agreement, commodity swap, forward foreign exchange agreement, currency swap agreement, cross-currency rate swap agreement, currency option agreement or other agreement or arrangement designed to alter the risks
of any Person arising from fluctuations in interest rates, currency values or commodity prices, all as amended, restated, supplemented or otherwise modified from time to time. 
  
 “Incremental 364-Day Loan” means a 364-Day Loan made in respect of any additional 364-Day Commitments
provided pursuant to Section 2.2.3. 
  
 “Indebtedness” of a Person means, without duplication, such Person’s (a) obligations for borrowed money, (b) obligations representing the deferred purchase price of Property or services (other than accounts payable
arising in the ordinary course of such Person’s business payable on terms customary in the trade), (c) obligations, whether or not assumed, secured by Liens or payable out of the proceeds or production from Property now or hereafter owned or
acquired by 
  

 14 

 such Person, (d) obligations which are evidenced by notes, acceptances, or other instruments, (e) Capitalized Lease
Obligations, (f) Financial Undertakings, (g) Contingent Obligations, (h) obligations under or in connection with a letter of credit (including any Letter of Credit), (i) Receivables Facility Attributed Indebtedness, (j) all net payment obligations
incurred by any such Person pursuant to Hedging Agreements, and (k) with reference to the Borrower and its Subsidiaries, all obligations of Borrower or its Subsidiaries to redeem, repurchase, exchange, defease or otherwise make payments with respect
to (i) Permitted Subordinated Debt, (ii) the 2011 Subordinated Notes, (iii) the 2013 Subordinated Notes, (iv) the Trust PIERS and (v) the New Trust PIERS; but excluding, in any event, (x) amounts payable by such Person in respect of covenants not to
compete, and (y) with reference to the Borrower and its Subsidiaries, all obligations of the Borrower and its Subsidiaries of the character referred to in this definition to the extent owing to the Borrower or any Subsidiary of the Borrower.

  
 “Indemnitee” has the meaning specified in
Section 9.7. 
  
 “Indenture” means the Indenture
dated as of June 13, 2003 by and between Borrower and SunTrust Bank, as Trustee, as the same may be amended or modified from time to time. 
  
 “Initial Guarantors” means the Subsidiaries of the Borrower listed on Schedule IV hereto. 
  
 “Interest Period” means a Eurodollar Interest Period.

  
 “Interest Rate Contract” means any interest
rate swap agreement, interest rate cap agreement, interest rate floor agreement, interest rate collar agreement, interest rate option or any other agreement regarding the hedging of interest rate risk exposure executed in connection with hedging the
interest rate exposure of any Person and any confirming letter executed pursuant to such agreement, all as amended, restated, supplemented or otherwise modified from time to time. 
  
 “Investment” of a Person means any loan, advance (other than commission, travel and similar advances to
officers and employees made in the ordinary course of business), extension of credit (other than accounts receivable arising in the ordinary course of business on terms customary in the trade), deposit account or contribution of capital by such
Person to any other Person or any investment in, or purchase or other acquisition of, the stock, partnership interests, ownership interests in any limited liability company, notes, debentures or other securities of any other Person made by such
Person. 
  
 “Issuer” means the Agent or, with
respect to an Existing Letter of Credit, the applicable Existing L/C Issuer. 
  
 “Joint Venture” means any corporation, partnership, limited liability company, association, joint stock company, business trust or other combined enterprise other than a Subsidiary in which or to
which the Borrower or any of its Subsidiaries has made an Investment to fund a business enterprise which engages or will engage in a business in which the Borrower or any of its Subsidiaries is engaged from time to time during the term of this
Agreement. 
  
 “JPMorgan” has the meaning
specified in the preamble hereto. 
  

 15 

 “L/C Draft” means a draft drawn on the applicable Issuer pursuant to any of the Letters
of Credit. 
  
 “L/C Interest” has the meaning
specified in Section 2.20.2. 
  
 “L/C
Obligations” means an amount equal to the sum (without duplication) of (i) the aggregate of the amount then available for drawing under each of the Letters of Credit, (ii) the face amounts of all outstanding L/C Drafts corresponding to the
Letters of Credit, which L/C Drafts have been accepted by the Agent or another Existing L/C Issuer, as applicable, and (iii) the aggregate outstanding amount of Reimbursement Obligations at such time. 
  
 “Lehman” has the meaning specified in the preamble hereto.

  
 “Lenders” means the lending institutions
listed on the signature pages of this Agreement and their respective successors and assigns. 
  
 “Lending Installation” means, with respect to a Lender, any office, branch, subsidiary or affiliate of such Lender. 
  
 “Letter of Credit” means the Existing Letters of Credit and any letter of credit issued pursuant to Section
2.20. 
  
 “Lien” means any lien (statutory or
other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a
vendor or lessor under any conditional sale, Capitalized Lease or other title retention agreement). 
  
 “Loan” means a Revolving Loan, a Swing Line Loan, a Term Loan or a 364-Day Loan. 
  
 “Loan Documents” means this Agreement, the Notes, the
Guaranties and the applications, reimbursement agreements and other instruments and agreements related to the Letters of Credit and L/C Interests and specifically excluding any Hedging Agreement. 
  
 “Material Adverse Effect” means a material adverse effect on
(a) the business, Property, condition (financial or otherwise), results of operations, or prospects of the Borrower and its Subsidiaries taken as a whole, (b) the ability of the Borrower or the Guarantors to perform their respective obligations
under the Loan Documents, or (c) the validity or enforceability of any of the Loan Documents or the rights or remedies of the Agent or the Lenders thereunder; provided that, solely for purposes of determining satisfaction of the conditions
precedent set forth in Section 4.4 on the Effective Date, “Material Adverse Effect” shall mean a material adverse effect on (a) the business, Property, financial condition or results of operations of the Borrower and its Subsidiaries taken
as a whole, (b) the ability of the Borrower or the Guarantors to perform their respective obligations under the Loan Documents, or (c) the validity or enforceability of any of the Loan Documents or the rights or remedies of the Agent or the Lenders
thereunder. 
  
 “Material Agreement” has the
meaning specified in Section 5.12. 
  

 16 

 “Merrill Lynch” has the meaning specified in the preamble hereto. 
  
 “Moody’s” means Moody’s Investors Service, Inc.

  
 “Multiemployer Plan” means a Plan, if any,
maintained pursuant to a collective bargaining agreement or any other arrangement to which the Borrower or any member of the Controlled Group is a party to which more than one employer is obligated to make contributions and which is a multiemployer
plan within the meaning of Section 3(37) of ERISA. 
  
 “NeighborCare” means NeighborCare, Inc., a Pennsylvania corporation. 
  
 “NeighborCare Acquisition” means the Acquisition of all of the issued and outstanding capital stock of NeighborCare. 
  
 “NeighborCare Indenture” has the meaning specified in Section 7.5. 
  
 “NeighborCare Notes” means any and all of the issued and
outstanding 6.875% senior subordinated notes of NeighborCare. 
  
 “Net Cash Proceeds” means in connection with any issuance or sale of equity securities or debt securities or instruments or the incurrence of loans, the cash proceeds actually received from such issuance or incurrence, net
of any taxes payable in connection therewith, reasonable and customary attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other reasonable and customary fees and expenses, in each case,
to the extent actually incurred in connection therewith and, in the case of the cash proceeds actually received by a non-wholly owned Subsidiary, net of the pro rata portion of such proceeds that are payable (and actually paid) to all third party
holders of Capital Stock therein. 
  
 “New Trust
Piers” means the Series B 4% Trust Preferred Income Equity Redeemable Securities (PIERS) of Omnicare Capital Trust II issued as part of the Exchange Transaction. 
  
 “New Trust PIERS Supplemental Indenture” means the Third Supplemental Indenture, dated as of March 8, 2005,
by and between the Borrower and SunTrust Bank, as Trustee, as the same may be supplemented, amended or otherwise modified from time to time, pursuant to which the New Trust PIERS were issued. 
  
 “New Trust PIERS Trust Agreement” means that certain Amended
and Restated Trust Agreement dated March 8, 2005 of Omnicare Capital Trust II, a statutory trust created under Delaware law, executed by Borrower, as depositor, and the Delaware trustee thereunder, the sole asset of which is the New Trust PIERS.

  
 “Note” means a Revolving Note, a Term Note or
a 364-Day Note. 
  
 “Notice of Assignment” has
the meaning specified in Section 12.3.2. 
  
 “Obligations” means all unpaid principal of and accrued and unpaid interest on the Loans, all L/C Obligations, all existing or future payment and other obligations owing by the Borrower under any Hedging Agreement with any
Person that is a Lender (or affiliate thereof) 
  

 17 

 hereunder at the time such Hedging Agreement is executed (all such obligations with respect to any such Hedging
Agreement, “Hedging Obligations”), all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Borrower to the Lenders or to any Lender, the Agent or any indemnified party hereunder arising
under the Loan Documents. 
  
 “One Month Interest Period
Syndication Period” means the period from the Effective Date to the earlier of (i) December 31, 2005 and (ii) the date on which the Arrangers confirm to the Borrower that the loan syndication process has been completed. 
  
 “Originators” means the Borrower and/or any of its
Subsidiaries in their respective capacities as parties to any Receivables Purchase Documents, as sellers or transferors of any Receivables and Related Security in connection with a Permitted Receivables Transfer. 
  
 “Other Taxes” has the meaning specified in Section 9.3.

  
 “Participants” has the meaning specified in
Section 12.2.1. 
  
 “Payment Office” means the
principal office of the Agent in Atlanta, Georgia, located on the date hereof at 303 Peachtree Street, 25th Floor, Atlanta, Georgia 30308 or such other office of the Agent as the Agent may from time to time designate by written notice to the
Borrower and the Lenders. 
  
 “PBGC” means the
Pension Benefit Guaranty Corporation, or any successor thereto. 
  
 “Permitted Acquisition” means any Acquisition made by the Borrower or any of its Subsidiaries provided that: (a) as of the date of such Acquisition, no Default or Unmatured Default shall have occurred and be continuing or
would result from such Acquisition or from the incurrence of any Indebtedness in connection with such Acquisition; (b) prior to the date of such Acquisition, such Acquisition shall have been approved by the board of directors and, if applicable, the
shareholders of the Person whose stock or assets are being acquired in connection with such Acquisition and no claim or challenge has been asserted or threatened by any shareholder or director of such Person which could reasonably be expected to
have a material adverse effect on such Acquisition or a Material Adverse Effect; (c) as of the date of any such Acquisition, all approvals required in connection with such Acquisition shall have been obtained; and (d) any such Acquisition is an
Acquisition of the assets or Capital Stock or other equity interests of a Person engaged in any line of business being conducted by the Borrower or any of its Subsidiaries at the time of such Acquisition or of a Health Care Company. 
  
 “Permitted Receivables Transfer” means (i) a sale or other
transfer by an Originator to a SPV or any other Person of Receivables and Related Security for fair market value and without recourse (except for limited recourse typical of such structured finance transactions), and/or (ii) a sale or other transfer
by an Originator or a SPV to (a) purchasers of or other investors in such Receivables and Related Security or (b) any other Person (including a SPV) in a transaction in which purchasers or other investors purchase or are otherwise transferred such
Receivables and Related Security, in each case pursuant to and in accordance with the terms of the Receivables Purchase Documents, provided that Receivables Facility Attributed Indebtedness incurred in connection with the Receivables Purchase
Documents does not exceed $200,000,000 in the aggregate at any time. 
  

 18 

 “Permitted Subordinated Debt” means any Indebtedness of the Borrower (i) that is
expressly subordinated to the Obligations on terms reasonably satisfactory to the Agent and the Required Lenders, (ii) that matures by its terms no earlier than six months after the Facility Termination Date with no principal payments due prior to
such date, and (iii) that is evidenced by an indenture or other similar agreement that is in a form reasonably satisfactory to the Agent and the Required Lenders. 
  
 “Person” means any natural person, corporation, firm, joint venture, partnership, limited liability
company, association, enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof. 
  
 “Plan” means an employee pension benefit plan which is covered by Title IV of ERISA or subject to the
minimum funding standards under Section 412 of the Code as to which the Borrower or any member of the Controlled Group may have any liability. 
  
 “Prepayment Notice” has the meaning specified in Section 2.6. 
  
 “Pricing Schedule” means the Schedule attached hereto as Schedule I. 
  
 “Prime Rate” means a rate per annum equal to the prime rate
of interest announced from time to time by SunTrust (which is not necessarily the lowest rate charged to any customer), changing when and as said prime rate changes. 
  
 “Property” of a Person means any and all property, whether real, personal, tangible, intangible, or mixed,
of such Person, or other assets owned, leased or operated by such Person. 
  
 “Prospectus” means that certain Prospectus dated March 7, 2005 circulated by Lehman in connection with the Exchange Transaction. 
  
 “Purchasers” has the meaning specified in Section 12.3.1. 
  
 “Receivable(s)” means and includes all of applicable
Originator’s or SPV’s presently existing and hereafter arising or acquired accounts, accounts receivable, and all present and future rights of such Originator or SPV, as applicable, to payment for goods sold or leased or for services
rendered (except those evidenced by instruments or chattel paper), whether or not they have been earned by performance, and all rights in any merchandise or goods which any of the same may represent, and all rights, title, security and guaranties
with respect to each of the foregoing, including, without limitation, any right of stoppage in transit. 
  
 “Receivables and Related Security” means the Receivables and the related security and collections with respect thereto which are sold or
transferred by any Originator or SPV in connection with any Permitted Receivables Transfer. 
  
 “Receivables Facility Attributed Indebtedness” means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal
if such facility were structured as a secured lending transaction rather than as a purchase. 
  

 19 

 “Receivables Facility Financing Costs” means such portion of the cash fees, service
charges, and other costs, as well as all collections or other amounts retained by purchasers of receivables pursuant to a receivables purchase facility, which are in excess of amounts paid to the Borrower and its consolidated Subsidiaries under any
receivables purchase facility for the purchase of receivables pursuant to such facility and are the equivalent of the interest component of the financing if the transaction were characterized as an on-balance sheet transaction. 
  
 “Receivables Purchase Documents” means any series of
receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which an Originator or Originators sell or transfer to SPVs all of their respective right, title and interest
in and to certain Receivables and Related Security for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be
amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor. 
  
 “Receivables Purchase Facility” means the securitization facility made available to the Borrower, pursuant to which the Receivables and
Related Security of the Originators are transferred to one or more SPVs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents. 
  
 “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System as from time to
time in effect and any successor thereto or other regulation or official interpretation of said Board of Governors relating to reserve requirements applicable to member banks of the Federal Reserve System. 
  
 “Regulation U” means Regulation U of the Board of Governors
of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks for the purpose of purchasing or carrying margin
stocks applicable to member banks of the Federal Reserve System. 
  
 “Reimbursement Obligation” is defined in Section 2.20.3. 
  
 “Rentals” of a Person means the aggregate fixed amounts payable by such Person under any lease of Property having an original term (including any required renewals or any renewals at the option of the
lessor or lessee) of one year or more. 
  
 “Reportable
Event” means a reportable event as defined in Section 4043 of ERISA and the regulations issued under such section, with respect to a Plan, excluding, however, such events as to which the PBGC by regulation waived the requirement of Section
4043(a) of ERISA that it be notified within 30 days of the occurrence of such event; provided, however, that a failure to meet the minimum funding standard of Section 412 of the Code and of Section 302 of ERISA shall be a Reportable Event regardless
of the issuance of any such waiver of the notice requirement in accordance with either Section 4043(a) of ERISA or Section 412(d) of the Code. 
  
 “Required Lenders” means Lenders in the aggregate having at least 51% of the sum of (i) the Aggregate Revolving Commitment (or, if the
Aggregate Revolving Commitment has been 
  

 20 

 terminated, the aggregate unpaid principal amount of the outstanding Revolving Advances and L/C Obligations), (ii) the
aggregate principal amount of the outstanding Term Loans and (iii) the sum of the aggregate principal amount of the outstanding 364-Day Loans and, if not then terminated, the then undrawn Aggregate 364-Day Commitment. 
  
 “Required Notices” has the meaning specified in Section
4.1(r). 
  
 “Reserves” means, with respect to a
Eurodollar Interest Period, the maximum aggregate reserves (including all basic, supplemental, marginal and other reserves) imposed under Regulation D on Eurocurrency liabilities. 
  
 “Revolving Advance” means a borrowing consisting of simultaneous Revolving Loans of the same Type made to
the Borrower by each of the Lenders pursuant to Section 2.1, and for, in the case of Eurodollar Advances, the same Interest Period. 
  
 “Revolving Advance Borrowing Notice” has the meaning specified in Section 2.7. 
  
 “Revolving Commitment” means, for each Lender, the
obligation of such Lender to make Revolving Loans and to purchase participations in Letters of Credit and in Swing Line Loans not exceeding the amount set forth opposite its name on Schedule II attached hereto as reflected in the Revolving
Commitment column or as set forth in any Notice of Assignment relating to any assignment that has become effective pursuant to Section 12.3.2, as such amount may be modified from time to time pursuant to the terms hereof. The original aggregate
amount of the Revolving Commitments is $800,000,000. 
  
 “Revolving Loan” means a loan made by a Lender to the Borrower as part of a Revolving Advance. 
  
 “Revolving Note” has the meaning specified in Section 2.14(d). 
  
 “RxCrossroads” means substantially all of the assets of RxCrossroads, L.L.C., a Kentucky limited liability
company, RxInnovations, LLC, a Kentucky limited liability company and Making Distribution Intelligent, L.L.C., a Kentucky limited liability company. 
  
 “SEC” has the meaning specified in Section 6.1(a). 
  
 “Section” means a numbered section of this Agreement, unless another document is specifically referenced.

  
 “Single Employer Plan” means a Plan, if any,
maintained by the Borrower or any member of the Controlled Group for employees of the Borrower or any member of the Controlled Group. 
  
 “Solvent” means with respect to any Person, as of any date of determination, (a) the amount of the “present fair saleable
value” of the assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise”, as of such date, as such quoted terms are determined in accordance with applicable federal and
state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of 
  

 21 

 such Person will, as of such date, be greater than the amount that will be required to pay the liability of such Person
on its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts as they mature. For
purposes of this definition, (i) “debt” means liability on a “claim”, and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent,
matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is
reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured. 
  
 “Specified Remittance Time” means (a) if the relevant Payment Office is located in Atlanta, 12:00 noon (Atlanta time) and (b) if the
relevant Payment Office is located elsewhere, such time as the Agent shall specify after consultation with the Borrower and the Lenders. 
  
 “SPV” means any special purpose entity established for the purpose of purchasing receivables in connection with a receivables
securitization transaction permitted under the terms of this Agreement. 
  
 “Standard & Poor’s” means Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc. 
  
 “Subsidiary” of a Person means (a) any corporation more than 50% of the outstanding securities having ordinary voting power of which
shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (b) any partnership, limited liability company, association, joint
venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly provided, all references herein to a
“Subsidiary” shall mean a Subsidiary of the Borrower. 
  
 “Substantial Portion” means, with respect to the Property of the Borrower and the Subsidiaries, Property that has a Fair Value representing more than 5% of Consolidated Net Worth determined as of the end of the fiscal
quarter of the Borrower most recently ended prior to the date on which such determination is made. 
  
 “SunTrust” means SunTrust Bank, with its office in Atlanta, Georgia, in its individual capacity, and its successors and assigns.

  
 “Supplemental Guarantor” has the meaning
given that term in the definition of “Guarantor” above. 
  
 “Swing Line Borrowing Notice” has the meaning specified in Section 2.10(b). 
  
 “Swing Line Commitment” means the obligation of the Swing Line Lender to make Swing Line Loans up to a maximum principal amount of
$50,000,000 at any one time outstanding. 
  

 22 

 “Swing Line Lender” means SunTrust or any other Lender as a successor Swing Line Lender.

  
 “Swing Line Loan” means a loan made available
to the Borrower by the Swing Line Lender pursuant to Section 2.10. 
  
 “Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, and any and all liabilities with respect to the foregoing, but excluding Excluded Taxes and Other Taxes.

  
 “Tender Offer” means that certain Tender
Offer launched on June 7, 2004, as amended from time to time prior to the date hereof, by the Borrower for all of the issued and outstanding Capital Stock of NeighborCare. 
  
 “Term Advance” means the aggregate principal amount outstanding under the Term Loans from time to time.

  
 “Term Advance Borrowing Notice” has the
meaning specified in Section 2.2.1. 
  
 “Term
Commitment” means for each Lender, the obligation of such Lender to make a Term Loan hereunder on the Effective Date, in an amount not exceeding the amount set forth opposite its name on Schedule II attached hereto as reflected in the Term
Commitment column, as such amount may be reduced pursuant to Section 2.2.1. The original aggregate amount of the Term Commitments is $700,000,000. 
  
 “Term Loan” has the meaning specified in Section 2.2.1. 
  
 “Term Loans” means the aggregate of the Terms Loans of all of the Lenders. 
  
 “Term Note” has the meaning specified in Section 2.14(d).

  
 “Transferee” has the meaning specified in
Section 12.4. 
  
 “Trust PIERS” means the 4.00%
Junior Subordinated Debentures due 2033 of the Borrower issued pursuant to the Trust PIERS Supplemental Indenture. 
  
 “Trust PIERS Supplemental Indenture” means the Second Supplemental Indenture dated as of June 13, 2003, by and between the Borrower and
SunTrust Bank, as Trustee, as the same may be supplemented, amended or otherwise modified from time to time, pursuant to which the Trust PIERS were issued. 
  
 “Trust PIERS Trust Agreement” means that certain Amended and Restated Trust Agreement dated June 13, 2003 of Omnicare Capital Trust I, a
statutory trust created under Delaware law, executed by Borrower, as depositor, and the Delaware trustee thereunder, the sole asset of which is the Trust PIERS. 
  

“Type” means, (a) with respect to any Revolving Loan, Term Loan or 364-Day Loan, its nature as a Floating Rate Loan or a Eurodollar
Loan, and (b) with respect to any Revolving Advance, Term Advance or 364-Day Advance, its nature as a Floating Rate Advance or a Eurodollar Advance. 
  

 23 

 “Unfunded Liabilities” means the amount (if any) by which the present value of all
vested nonforfeitable benefits under all Single Employer Plans exceeds the Fair Value of all such Plan assets allocable to such benefits, all determined by the then most recent actuarial reports for such Plans. 
  
 “United States” and “U.S.” mean the United
States of America. 
  
 “Unmatured Default” means
an event which but for the lapse of time or the giving of notice, or both, would constitute a Default. 
  
 “Wachovia” has the meaning specified in the preamble hereto. 
  
 “Wholly-Owned Subsidiary” of a Person means (a) any Subsidiary all of the outstanding voting securities of
which shall at the time be owned or controlled, directly or indirectly, by such Person or one or more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person, or (b) any partnership,
association, joint venture or similar business organization 100% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. 
  
 ARTICLE II. 
  
 THE CREDITS 
  
 2.1. The Revolving Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.2 and 4.4 and prior to the Facility Termination
Date, each Lender severally agrees, on the terms and conditions set forth in this Agreement (including, without limitation, the terms and conditions of Section 2.11 and Section 8.1 relating to the reduction, suspension or termination of the
Aggregate Revolving Commitment), to make Revolving Loans to the Borrower from time to time in an aggregate amount not to exceed at any one time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that the Aggregate
Revolving Commitment shall be deemed used from time to time to the extent of the aggregate L/C Obligations and the balance of any Swing Line Loans then outstanding, and such deemed use of the Aggregate Revolving Commitment shall be applied to the
Lenders ratably according to their respective Revolving Commitments. Subject to the terms of this Agreement (including, without limitation, the terms and conditions of Section 2.11 and Section 8.1 relating to the reduction, suspension or termination
of the Aggregate Revolving Commitment), the Borrower may borrow, repay and reborrow Revolving Loans at any time prior to the Facility Termination Date. Unless earlier terminated in accordance with the terms and conditions of this Agreement, the
Revolving Commitments of the Lenders to lend hereunder shall expire on the Facility Termination Date. Notwithstanding anything herein to the contrary, each of the Lenders shall be required to fund its ratable share of any Revolving Advance made in
connection with any L/C Drafts notwithstanding that such Revolving Advance may be made on or after the date of any reduction, suspension or termination of the Aggregate Revolving Commitment pursuant to Section 2.11(b) or Section 8.1. 
  

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 2.2. Term Loans and 364-Day Loans. 
  
 2.2.1 The Term Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a
single loan (each, a “Term Loan”) to the Borrower on the Effective Date in a principal amount not to exceed the Term Commitment of such Lender; provided, that if for any reason the full amount of such Lender’s Term Commitment
is not fully drawn on the Effective Date, the undrawn portion thereof shall automatically be canceled. The Borrower shall give Agent irrevocable notice, in the form required by Agent (the “Term Advance Borrowing Notice”), not later
than 11:00 a.m. (Atlanta time) at least three (3) Business Days before the Effective Date, specifying the aggregate amount of the Term Advance, the Type of each Term Advance and, in the case of each Eurodollar Advance, the Interest Period applicable
thereto; provided that, notwithstanding anything herein to the contrary, the Borrower may not select an Interest Period for Eurodollar Advances during the One Month Interest Period Syndication Period which exceeds one month, and the Interest Periods
with respect to all such Eurodollar Advances outstanding at any time during the One Month Interest Period Syndication Period for the Revolving Advances shall expire on the same date as the Term Advances and the 364-Day Loans. The execution and
delivery of this Agreement by the Borrower and the satisfaction of all conditions precedent pursuant to Section 4.1 shall be deemed to constitute the Borrower’s request to borrow the Term Loans on the Effective Date. The Term Commitments shall
terminate on the Effective Date upon the making of the Term Loans pursuant to this Section 2.2.1. 
  
 2.2.2 The 364-Day Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.3 and prior to the 364-Day Commitment Expiration
Date, each Lender severally agrees on the terms and conditions set forth in this Agreement to make 364-Day Loans (each a “364-Day Loan”) to the Borrower on any 364-Day Funding Date in an aggregate amount not to exceed the lesser of
(a) such Lender’s 364-Day Percentage of the 364-Day Loans requested by the Borrower on such 364-Day Funding Date and (b) the remaining unfunded 364-Day Commitment of such Lender. If for any reason the full amount of such Lender’s 364-Day
Commitment has not been fully drawn by the 364-Day Commitment Expiration Date, the undrawn portion thereof shall automatically be canceled. The Borrower shall give Agent irrevocable notice, in the form required by Agent (a “364-Day Advance
Borrowing Notice”), not later than 11:00 a.m. (Atlanta time) (i) on the Effective Date for a Floating Rate advance and (ii) at least three (3) Business Days before the Effective Date for a Eurodollar advance, specifying the aggregate amount of
the 364-Day Advance, the Type of each 364-Day Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto; provided that, notwithstanding anything herein to the contrary, the Borrower may not select an Interest Period
for Eurodollar Advances during the One Month Interest Period Syndication Period which exceeds one month, and the Interest Periods with respect to all such Eurodollar Advances outstanding at any time during the One Month Interest Period Syndication
Period for the Revolving Advances shall expire on the same date as the Term Advances and the 364-Day Loans. 
  
 2.2.3 At any time prior to the 364-Day Commitment Expiration Date, the Borrower shall have the right, to request an increase in the Aggregate 364-Day
Commitment of up to $500,000,000, provided that (i) no Unmatured Default or Default shall exist either at the time of the request or the making of the Incremental 364-Day Loans (or will result from the 
  

 25 

 making of such Incremental 364-Day Loans) and (ii) such Incremental 364-Day Loans shall mature 364 days after the initial
funding thereof. The Incremental 364-Day Loans shall constitute 364-Day Loans and Obligations hereunder. Such increased 364-Day Commitment may be provided from one or more existing Lenders (provided that no Lender shall be required to make all or
any portion of the Incremental 364-Day Loans without its prior written consent, which consent is to be given in each Lender’s sole discretion) and/or one or more institutions that are not existing Lenders but are approved by the Agent and the
Borrower and Lenders agree that this Agreement may be amended by an agreement between the Borrower and the Agent, without the need for any further approval or consent from the Lenders, to the extent the Agent determines to be necessary to effectuate
such increase and to cause all 364-Day Lenders to have extended their pro rata share of the 364-Day Loans after giving effect to any increase in the Aggregate 364-Day Commitment. 
  
 2.3. Repayment of the Loans. 
  
 (a) Revolving Loans and Swing Line Loans. Any outstanding Revolving Loans and Swing Line Loans shall
be paid in full by the Borrower on the Facility Termination Date; provided, however, that nothing in this Section 2.3 shall be construed as limiting or modifying the obligation of the Borrower to repay any or all of the outstanding Revolving Loans
at any earlier time in accordance with the terms of this Agreement. 
  
 (b) Term Loans. The Borrower unconditionally promises to pay to the Agent for the account of each Lender the then unpaid principal amount of the Term Loan of such Lender on the Facility Termination Date (and on
such other date(s) and in such other amounts as may be required from time to time pursuant to this Agreement). 
  
 (c) 364-Day Loans. The Borrower unconditionally promises to pay to the Agent for the account of each Lender, the aggregate unpaid
principal amount of the 364-Day Loans on the date that is 364 days after the funding thereof. 
  
 (d) Crediting of Payments and Proceeds. In the event that the Borrower shall fail to pay all or any part of the Obligations when
due, all payments received by the Agent or the Lenders upon the Obligations and all net proceeds from any enforcement of the Obligations shall be applied: (a) first to all expenses then due and payable by the Borrower under the Loan Documents, (b)
then to all indemnity obligations then due and payable by the Borrower and under the Loan Documents, (c) then to all Agent’s fees then due and payable, (d) then to all commitment and other fees and commissions then due and payable, (e) then to
accrued and unpaid interest on the Swing Line Loans to the Swing Line Lender, (f) then to the principal amount outstanding under the Swing Line Loans to the Swing Line Lender, (g) then to accrued and unpaid interest on the Notes and accrued and
unpaid interest on the Reimbursement Obligation (pro rata in accordance with all such amounts due), (h) then to the principal amount of the Notes, Reimbursement Obligation and any Hedging Obligations (including any termination payments and any
accrued and unpaid interest thereon) (pro rata in accordance with all such amounts due) and (i) then to the cash collateral account described in Section 2.20.4 hereof to the extent of any L/C Obligations then outstanding, in that order. 

 

 26 

 2.4. Ratable Loans; Types of Revolving Advances. Each Revolving Advance hereunder shall consist of
Revolving Loans made from the several Lenders ratably in proportion to the ratio that their respective Revolving Commitments bear to the Aggregate Revolving Commitment. Any Revolving Advance may be a Floating Rate Advance or a Eurodollar Advance, as
the Borrower shall select in accordance with Sections 2.7 and 2.8; provided that, notwithstanding anything herein to the contrary, the Borrower may not select Interest Periods for Eurodollar Advances made during the One Month Interest Period
Syndication Period which exceed one month, and the Interest Periods with respect to all such Eurodollar Advances outstanding at any time during the One Month Interest Period Syndication Period shall expire on the same date. 
  
 2.5. Minimum Amount of Each Revolving Advance. Each Revolving Advance
shall be in a minimum amount not less than $15,000,000 or an integral multiple of $1,000,000 in excess thereof; provided, however, that any Revolving Advance may be in the amount of the unused Aggregate Revolving Commitment. 
  
 2.6. Prepayments of Loans. 
  
 2.6.1 Optional Prepayments of Loans. Subject to Section 3.4 and the
requirements of Section 2.5, the Borrower may (a) following notice given to the Agent by the Borrower, in the form attached hereto as Exhibit H (a “Prepayment Notice”) by not later than 11:00 a.m. (Atlanta time) one Business Day
prior to the date of the proposed prepayment, such notice specifying, with respect to an Advance being prepaid, whether an Advance being prepaid is a Revolving Advance, a Term Advance or a 364-Day Advance and the Type of such Advance and, with
respect to an Advance or Swing Line Loan being prepaid, the aggregate principal amount of and the proposed date of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amounts of the Floating Rate Loans
comprising part of the same Advance in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid and (b) following a Prepayment Notice given to the Agent by the Borrower by not later than
11:00 a.m. (Atlanta time) on, if the Advance to be prepaid is a Eurodollar Advance, the third Business Day preceding the date of the proposed prepayment, such notice specifying the Advance to be prepaid and the proposed date of the prepayment, and,
if such notice is given, Borrower shall, prepay the outstanding principal amounts of the Eurodollar Loans comprising a Eurodollar Advance in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal
amount prepaid, provided that the portion of any Revolving Advance that is not prepaid hereunder shall continue to satisfy the minimum amount for such Revolving Advance specified in Section 2.5; provided that the Borrower may not optionally repay
any Term Advance pursuant to this Section 2.6.1 or otherwise until all of the 364-Day Advances have been paid in full in cash. In the case of a Floating Rate Advance or Swing Line Loan, each partial prepayment shall be in an aggregate principal
amount not less than $1,000,000, and in the case of a Eurodollar Advance, each partial prepayment shall be in a minimum aggregate principal amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof. Each prepayment of a Swing
Line Loan shall be applied to the Swing Line Loans outstanding and each prepayment of an Advance shall be applied ratably to the Loans comprising such Advance, and in the case of a prepayment of a Term Advance, ratably to reduce all subsequently
scheduled installments payable pursuant to Section 2.3(b). Notwithstanding anything in this Agreement to the contrary, Borrower may not reborrow under any Term Loan or 364-Day Loan after a prepayment is made pursuant to this Section 2.6.1.

  

 27 

 2.6.2 Mandatory Prepayments of 364-Day Loans. Subject to Section 3.4, if any Indebtedness
specified in clause (a) (other than Indebtedness hereunder and Indebtedness incurred in connection with the redemption, repurchase or repayment of the 2011 Subordinated Notes) or clause (i) of the definition of “Indebtedness” in excess of
$200,000,000 in the aggregate for all such incurrences is incurred by the Borrower or any of its Subsidiaries or any Capital Stock (other than Excluded Capital Stock) is issued by the Borrower, an amount equal to 100% of the Net Cash Proceeds
thereof shall be applied within two Business Days after the Borrower receives Net Cash Proceeds from such issuances or incurrences aggregating in excess of $10,000,000 (including, for the avoidance of doubt, such $10,000,000) toward the prepayment
of the 364-Day Loans. Prepayments of 364-Day Loans pursuant to this Section 2.6.2 shall be applied, first, to Floating Rate Loans and, second, to Eurodollar Loans and shall be applied to the 364-Day Loans of the Lenders pro rata according to the
respective amounts then due and owing to the Lenders. Notwithstanding anything in this Agreement to the contrary, Borrower may not reborrow under any 364-Day Loan after a prepayment is made pursuant to this Section 2.6.2. 
  
 2.7. Method of Selecting Types and Interest Periods for New Revolving
Advances. The Borrower shall select the Type of each Revolving Advance and, in the case of a Eurodollar Advance, the Interest Period applicable to such Revolving Advance from time to time. The Borrower shall give the Agent irrevocable notice, in
the form attached hereto as Exhibit G (a “Revolving Advance Borrowing Notice”), not later than 10:00 a.m. (Atlanta time) (i) on the Borrowing Date for each Floating Rate Advance and (ii) at least three Business Days before the
Borrowing Date for each Eurodollar Advance, specifying: 
  

	 	(a)	the Borrowing Date, which shall be a Business Day, of such Advance, 

  

	 	(b)	the aggregate amount of such Advance, 

  

	 	(c)	the Type of such Advance, and 

  

	 	(d)	in the case of each Eurodollar Advance, the Interest Period applicable thereto. 

  
 Not later than the Specified Remittance Time on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans
to the Agent in immediately available funds at the relevant Payment Office. To the extent that the Agent has received funds from the Lenders as specified in the preceding sentence and the applicable conditions set forth in Article IV have been
fulfilled, the Agent will make such funds available to the Borrower at the relevant Payment Office within two hours following the Specified Remittance Time, it being understood that if the relevant Payment Office is located in Atlanta, the Agent
will make the applicable funds available to the Borrower by depositing such funds to such account with SunTrust as the Borrower shall designate. 
  
 2.8. Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such
Floating Rate Advances are converted into Eurodollar Advances or prepaid pursuant to Section 2.6. Each Eurodollar 
  

 28 

 Advance of any Type shall continue as a Eurodollar Advance of such Type until the end of the then applicable Interest
Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period,
such Eurodollar Advance either continue as a Eurodollar Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type. Subject to the terms of Section 2.7, the Borrower may elect from time to time to
convert all or any part of a Revolving Advance, or a Term Advance, of any Type into any other Type or Types of Advances; provided that any conversion of any Eurodollar Advance shall be made on, and only on, the last day of the Interest Period
applicable thereto. The Borrower shall give the Agent irrevocable notice in the form of Exhibit I hereto (a “Conversion/Continuation Notice”) of each conversion of an Advance or continuation of a Eurodollar Advance not later than
11:00 a.m. (Atlanta time) (i) in the case of a conversion into a Floating Rate Advance on the date of such conversion and (ii) in the case of a conversion into or continuation of a Eurodollar Advance, at least three Business Days before the date of
such conversion or continuation, specifying: 
  
 (a) the requested date, which shall be a Business Day, of such conversion or continuation; 
  
 (b) the aggregate amount and Type of the Revolving Advance, the Term Advance or the 364-Day Advance which is to be converted or continued;
and (c) the amount and Type(s) of Revolving Advance(s), the Term Advance(s) or the 364-Day Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a Eurodollar Advance, the duration
of the Interest Period applicable thereto. 
  
 2.9. Payment of
Interest on Advances; Changes in Interest Rate. 
  
 (a) Interest accrued on each Floating Rate Advance shall be payable on the last Business Day of each calendar quarter and on the earliest of the Facility Termination Date, the date of the reduction to zero of the Aggregate Revolving
Commitment pursuant to Section 2.11 and the date of the acceleration of the Obligations pursuant to Section 8.1. Interest accrued on each Eurodollar Advance shall be payable on the last day of its applicable Interest Period, on any date on which
such Eurodollar Advance is prepaid, whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurodollar Advance having an Interest Period longer than three months shall also be payable on the last day of each three-month
interval during such Interest Period. Interest on Floating Rate Advances shall be calculated for actual days elapsed on the basis of a 365/366-day year. Interest on Eurodollar Advances shall be calculated for actual days elapsed on the basis of a
360-day year. Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to noon (local time) at the place of payment. If any payment of principal of or interest on an
Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in computing interest in connection with
such payment. 
  

 29 

 (b) Each Floating Rate Advance shall bear interest on the outstanding principal amount
thereof, for each day from and including the date such Advance is made or is converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.8(b) to but excluding the date it becomes due or is converted into a Eurodollar
Advance pursuant to Section 2.8(b), at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on each Revolving Advance and Term Advance maintained as a Floating Rate Advance will take effect simultaneously with
each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurodollar Rate
determined as applicable to such Eurodollar Advance. No Interest Period may end after the Facility Termination Date. 
  
 2.10. Swing Line Loans. 
  
 (a) Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Sections 4.2 and 4.4 and prior to
the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an amount not to exceed the lesser of (i) $50,000,000 or (ii) the
amount by which the Aggregate Revolving Commitment exceeds the sum of the outstanding principal amount of Revolving Advances and L/C Obligations. Each Swing Line Loan shall be in a minimum amount of not less than $1,000,000 or an integral multiple
of $500,000 in excess thereof, and all interest payable on the Swing Line Loans shall be payable to the Swing Line Lender for the account of such Swing Line Lender. In no event shall the number of Swing Line Loans outstanding at any time be greater
than four (4). 
  
 (b) Borrowing Notice.
The Borrower shall deliver to the Agent and the Swing Line Lender a notice (a “Swing Line Borrowing Notice”) signed by it not later than 11:00 a.m. (Atlanta time) on the Borrowing Date of each Swing Line Loan specifying (i) the
applicable Borrowing Date (which shall be a Business Day) and (ii) the aggregate amount of the requested Swing Line Loan. The Swing Line Loans shall at all times be Floating Rate Loans. 
  
 (c) Making of Swing Line Loans. Promptly after receipt of the Swing Line Borrowing Notice under
Section 2.10(b), the Agent shall notify each Lender of the requested Swing Line Loan. Not later than 2:00 p.m. (Atlanta time) on the applicable Borrowing Date, the Swing Line Lender shall make available its Swing Line Loan in funds immediately
available in Atlanta to the Agent at the address specified by the Agent. The Agent will promptly make such funds available to the Borrower. 
  
 (d) Payment of Interest and Repayment of Swing Line Loans. Interest accrued on each Swing Line Loan shall be payable on the first
Business Day of each calendar month and on the applicable date the Swing Line Loan is due. Each Swing Line Loan shall be paid in full by the Borrower upon the earlier of (i) demand therefor by Agent, and (ii) Facility Termination Date. Outstanding
Swing Line Loans may be repaid from the proceeds of Revolving Advances or Swing Line Loans. Any repayment of a Swing Line Loan shall be in the minimum amount of $500,000 and in increments of 
  

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 $100,000 in excess thereof or the full amount of such Swing Line Loan. If the Borrower at any time fails
to repay a Swing Line Loan on the applicable date when due, the Borrower shall be deemed to have elected to borrow a Floating Rate Advance under Section 2.1 as of such date equal in amount to the unpaid amount of such Swing Line Loan
(notwithstanding the minimum amount of Revolving Advances as provided in Section 2.5). The proceeds of any such Revolving Advance shall be used to repay such Swing Line Loan. Unless the Required Lenders shall have notified the Swing Line Lender
prior to the Swing Line Lender making any Swing Line Loan, that the applicable conditions precedent set forth in Section 4.4 have not then been satisfied, each Lender’s obligation to make Revolving Loans pursuant to Section 2.1 and this Section
2.10(d) to repay Swing Line Loans shall be unconditional, continuing, irrevocable and absolute and shall not be affected by any circumstances, including the occurrence or continuance of a Default; provided that the Swing Line Lender shall not make a
Swing Line Loan if, at the time it would otherwise make such Loan, the Swing Line Lender has actual knowledge that a Default has occurred and is continuing. In the event that any Lender fails to make payment to the Agent of any amount due under this
Section 2.10(d), the Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Lender hereunder until the Agent receives such payment from such Lender or such obligation is
otherwise fully satisfied. In addition to the foregoing, if for any reason any Lender fails to make payment to the Agent of any amount due under this Section 2.10(d) or if, for any reason Revolving Advances cannot be made by the Lenders hereunder,
such Lender shall, or shall be deemed, at the option of the Agent, to have unconditionally and irrevocably purchased from the Swing Line Lender, without recourse or warranty, an undivided interest in and participation in the applicable Swing Line
Loan in the amount of the Loan such Lender was required to make pursuant to this Section 2.10(d) and such interest and participation may be recovered from such Lender together with interest thereon at the Federal Funds Effective Rate for each day
during the period commencing on the date of demand by the Agent and ending on the date such obligation is fully satisfied. 
  
 2.11. Commitment Fees; Reductions in Commitment. 
  
 (a) Commitment Fees. The Borrower agrees to pay to the Agent for the account of each Lender a commitment fee at a rate per annum
equal to the Applicable Commitment Fee Rate in effect from time to time on the daily unused portion of such Lender’s Revolving Commitment (treating the L/C Obligations and, with respect solely to the Swing Line Lender, the outstanding balance
of any Swing Line Loans, as usage) from the date hereof to but excluding the earliest of the Facility Termination Date, the date of the reduction to zero of the Aggregate Revolving Commitment pursuant to this Section 2.11 and the date of the
termination of the Aggregate Revolving Commitment pursuant to Section 8.1. Such commitment fees shall be payable in arrears on the last Business Day of each March, June, September and December, and on the earliest of the Facility Termination Date,
the date of the reduction to zero of the Aggregate Revolving Commitment pursuant to this Section 2.11 and the date of the termination of the Aggregate Revolving Commitment pursuant to Section 8.1. Commitment fees shall be calculated for actual days
elapsed on the basis of a 360-day year. 
  

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 (b) Reductions in Aggregate Revolving Commitment. The Borrower may permanently
reduce the Aggregate Revolving Commitment in whole, or in part ratably among the Lenders in integral multiples of $5,000,000, upon at least three Business Days’ written notice to the Agent, which notice shall specify the amount of any such
reduction; provided, however, that the amount of the Aggregate Revolving Commitment may not be reduced below the sum of the aggregate principal amount of the outstanding Revolving Advances and the aggregate outstanding L/C Obligations and Swing Line
Loans. 
  
 (c) 364-Day Commitment Fees.
The Borrower agrees to pay to the Agent for the account of each 364-Day Lender a commitment fee at a rate per annum equal to the Applicable Commitment Fee Rate in effect from time to time on the daily unused portion of such Lender’s 364-Day
Commitment from the date hereof to but excluding the earliest of the 364-Day Commitment Expiration Date, the date of the reduction to zero of the Aggregate 364-Day Commitment pursuant to this Section 2.11 and the date of termination of the Aggregate
364-Day Commitment pursuant to Section 8.1. Such commitment fees shall be payable in arrears on the last Business Day of each March, June, September and December, and on the earliest of the 364-Day Commitment Expiration Date, the date of the
reduction to zero of the Aggregate 364-Day Commitment pursuant to this Section 2.11 and the date of the termination of the Aggregate 364-Day Commitment pursuant to Section 8.1. Commitment fees shall be calculated for actual days elapsed on the basis
of a 360-day year. 
  
 (d) Reduction in
Unfunded Aggregate 364-Day Commitment. The Borrower may permanently reduce the unfunded Aggregate 364-Day Commitment in whole, or in part ratably among the 364-Day Lenders in integral multiples of $5,000,000, upon at least three Business
Days’ written notice to the Agent, which notice shall specify the amount of any such reduction. 
  
 2.12. Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.9, during the continuance of a Default or
Unmatured Default no Revolving Advance or 364-Day Loan may be made as, converted into or continued, as a Eurodollar Advance and no Term Advance may be converted into or continued as a Eurodollar Advance. Upon the occurrence and during the
continuance of a Default pursuant to Section 7.2 and, if the Required Lenders so elect, upon the occurrence and during the continuance of any other Default, (a) each Eurodollar Advance, until paid in full or converted to a Floating Rate advance,
shall bear interest at the Eurodollar Rate then applicable to such Advance plus 2% per annum and (b) each Floating Rate Advance shall bear interest until paid in full at a rate per annum equal to the Floating Rate plus 2% per annum. 
  
 2.13. Method of Payment. All payments of the Obligations hereunder
shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Agent at the Agent’s address specified pursuant to Article XIII, or at any other Lending Installation of the Agent specified in writing by the
Agent to the Borrower, by 1:00 p.m. (Atlanta time) on the date when due and shall be remitted by the Agent to the Lenders according to their respective interests therein. Each payment delivered to the Agent for the account of any Lender shall be
delivered promptly by the Agent to such Lender in the same type of funds that the Agent 
  

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 received at its address specified pursuant to Article XIII or at any Lending Installation specified in a notice received
by the Agent from such Lender. The Agent is hereby authorized, but is not obligated, to charge the accounts of the Borrower maintained with SunTrust into which proceeds of Advances are remitted pursuant to Section 2.7 for each payment of interest
and fees as it becomes due hereunder, for each payment of principal, in accordance with the applicable Prepayment Notice or when otherwise due and payable in accordance with the terms hereof, and for each payment of Reimbursement Obligations when
due and payable in accordance with the terms hereof. 
  
 2.14.
Noteless Agreement; Evidence of Indebtedness; Telephonic Notices. 
  
 (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Revolving Loan, Term Loan or 364-Day Loan
(and, in the case of the Swing Line Lender, each Swing Line Loan) made by such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 
  
 (b) The Agent shall also maintain accounts in which it will
record (i) the amount of each Loan made hereunder, the Type thereof and the Interest Period with respect thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder,
and (iii) the amount of any sum received by the Agent hereunder from the Borrower and each Lender’s share thereof. 
  
 (c) The entries maintained in the accounts maintained pursuant to paragraphs (a) and (b) above shall be prima facie evidence of the
existence and amounts of the Obligations therein recorded; provided, however, that the failure of the Agent or any Lender to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the
Obligations in accordance with their terms. 
  
 (d) Any Lender may request that (i) its Revolving Loans be evidenced by a promissory note in substantially the form of Exhibit A (a “Revolving Note”), (ii) its Term Loan be evidenced by a promissory note in substantially
the form of Exhibit B-1 (a “Term Note”) and (iii) its 364-Day Loan be evidenced by a promissory note in substantially the form of Exhibit B-2 (a “364-Day Note”). In such event, the Borrower shall prepare, execute
and deliver to such Lender such Revolving Note, Term Note and/or 364-Day Note payable to the order of such Lender. Thereafter, the Revolving Loans, Term Loans or 364-Day Loans evidenced by such Revolving Note, Term Note and/or 364-Day Note and
interest thereon shall at all times (including after any assignment pursuant to Section 12.3) be represented by one or more Revolving Notes, Term Notes and/or 364-Day Note respectively, payable to the order of the payee named therein or any assignee
pursuant to Section 12.3, except to the extent that any such Lender or assignee subsequently returns any such Revolving Note, Term Note and/or 364-Day Note for cancellation and requests that such Loans once again be evidenced as described in
paragraphs (a) and (b) above. 
  

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 (e) The Borrower hereby authorizes the Lenders and the Agent to extend, convert or
continue Revolving Advances, Term Advances and 364-Day Advances and effect selections of Types of Advances based on telephonic notices made by any person or persons the Agent in good faith believes to be acting on behalf of the Borrower. The
Borrower agrees to deliver promptly to the Agent a written confirmation, if such confirmation is requested by the Agent or any Lender, of each telephonic notice, signed by an Authorized Officer. If the written confirmation differs in any material
respect from the action taken by the Agent and the Lenders, the records of the Agent of the relevant telephonic notice shall govern absent manifest error. 
  
 2.15. Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Agent will notify each
Lender of the contents of each Aggregate Revolving Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and Prepayment Notice received by it hereunder. The Agent will notify each Lender and the Borrower of the interest rate
applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender and the Borrower prompt notice of each change in the Alternate Base Rate. 
  
 2.16. Lending Installations. Each Lender may book its Loans at any one or more Lending Installations selected by such
Lender and may change any such Lending Installation from time to time. All terms of this Agreement shall apply to any such Lending Installation and the Notes shall be deemed held by each Lender for the benefit of such Lending Installation. Each
Lender may, by written or telex notice to the Agent and the Borrower, designate a Lending Installation through which Loans will be made by it and for whose account Loan payments are to be made. 
  
 2.17. Non-Receipt of Funds by the Agent. Unless the Borrower or a
Lender, as the case may be, notifies the Agent prior to the date on which it is scheduled to make payment to the Agent of (a) in the case of a Lender, the proceeds of a Loan or (b) in the case of the Borrower, a payment of principal, interest or
fees to the Agent for the account of the Lenders, that it does not intend to make such payment, the Agent may assume that such payment has been made. The Agent may, but shall not be obligated to, make the amount of such payment available to the
intended recipient in reliance upon such assumption. If such Lender or the Borrower, as the case may be, has not in fact made such payment to the Agent, the recipient of such payment shall, on demand by the Agent, repay to the Agent the amount so
made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Agent until the date the Agent recovers such amount at a rate per annum equal to (a) in the case
of repayment by a Lender, the Federal Funds Effective Rate for such day or (b) in the case of repayment by the Borrower, the interest rate applicable to the relevant Loan. 
  
 2.18. Withholding Tax Exemption. At least five Business Days prior to the first date on which interest or fees are
payable hereunder for the account of any Lender or the Agent, such Lender or Agent that is not organized under the laws of the United States of America, or a state thereof, agrees that it will deliver to each of the Borrower and the Agent (a) two
duly completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI (or any successor form prescribed by the Internal Revenue Service) or, (b) in the case of a Lender claiming exemption from the withholding of United States federal
income tax under Section 871(h) or 
  

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 881(c) of the Code with respect to payments of “portfolio interest,” a certificate representing that such
Lender is not (i) a “bank” within the meaning of Section 881(c) of the Code or an Affiliate of such a “bank,” (ii) a ten-percent shareholder of the Borrower (within the meaning of Section 871(h)(3)(B) of the Code) or (iii) a
controlled foreign corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code), and a Form W-8BEN (or successor form), certifying in either case (a) or (b) that such Agent or Lender is entitled to receive payments under
this Agreement and its Notes, if applicable, without deduction or withholding of any United States federal income taxes. Each such Lender and the Agent further undertakes to deliver to each of the Borrower and the Agent two additional copies of the
applicable Internal Revenue Service form (or any successor form) on or before the date that such form expires (generally three successive calendar years for Form W-8BEN and Form W-8ECI) or becomes obsolete or after the occurrence of any event
requiring a change in the most recent forms so delivered by it, and such amendments thereto or extensions or renewals thereof as may be reasonably requested by the Borrower or the Agent, in each case certifying that such Agent or Lender is entitled
to receive payments under this Agreement and its Notes, if applicable, without deduction or withholding of any United States federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred
prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or which would prevent such Agent or Lender from duly completing and delivering any such form with respect to it and such Agent or
Lender advises the Borrower and the Agent that it is not capable of receiving payments without any deduction or withholding of United States federal income tax. Additionally, the Agent and each Lender that is organized under the laws of the United
States of America, or a state thereof, agrees that at the request of the Borrower or the Agent it will deliver to the Agent and the Borrower two duly completed and executed copies of Internal Revenue Service Form W-9 (or any successor form
prescribed by the Internal Revenue Service) certifying that such Lender is entitled to a complete exemption from United States backup withholding tax on payments pursuant to this Agreement. 
  
 2.19. Termination. All unpaid Obligations (except Hedging Agreements)
shall be paid in full by the Borrower on the Facility Termination Date; provided, however, that (a) all Revolving Loans made in connection with any of the Letters of Credit shall be paid in full by the Borrower on the later of the Facility
Termination Date and the Business Day immediately following the date the relevant Revolving Loan is made, and (b) nothing in this Section 2.19 shall be construed as limiting or modifying the obligation of the Borrower to repay any or all of the
outstanding Obligations at any earlier time in accordance with the terms of this Agreement. 
  
 2.20. Letter of Credit Facility. 
  
 2.20.1 Letters of Credit. Upon receipt of duly executed applications therefor, and such other documents, instruments and agreements as the Agent may reasonably require, and subject to the provisions of Article
IV, the Agent shall issue standby Letters of Credit for the account of the Borrower, on such terms as are satisfactory to the Agent; provided, however, that no Letter of Credit will be issued for the account of the Borrower by the Agent if on the
date of issuance, before or after taking such Letter of Credit into account (i) the amount of the Revolving Advances and the L/C Obligations and the Swing Line Loans outstanding at such time would exceed the Aggregate Revolving Commitment or (ii)
the aggregate outstanding amount of the L/C Obligations would exceed $50,000,000; and provided, further, that no Letter of Credit shall 
  

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 be issued unless it has an expiration date that is no later than the date which is five Business Days immediately
preceding the Facility Termination Date. The Borrower, the Agent, the Lenders and Wachovia Bank, National Association, in connection with the Existing Letters of Credit issued by it, hereby acknowledge that on and as of the Effective Date the
Existing Letters of Credit shall irrevocably be deemed to be Letters of Credit issued under this Agreement and all the provisions of this Agreement shall apply to the Existing Letters of Credit as being Letters of Credit issued under this Agreement
by the applicable Existing L/C Issuers, the whole without novation of all of the obligations of the Borrower to each Existing L/C Issuer in respect of said Existing Letters of Credit. 
  
 2.20.2 Letter of Credit Participation. Immediately upon issuance of each Letter of Credit by the Agent hereunder (and
on the Effective Date, with respect to the Existing Letters of Credit), each Lender shall be deemed to have automatically, irrevocably and unconditionally purchased and received from the applicable Issuer an undivided interest and participation in
and to such Letter of Credit, the obligations of the Borrower in respect thereof, and the liability of the applicable Issuer thereunder (collectively, an “L/C Interest”) in an amount equal to the amount available for drawing under
such Letter of Credit multiplied by a fraction having as its numerator such Lender’s Revolving Commitment and as its denominator the Aggregate Revolving Commitment. If the Borrower at any time fails to repay a “Reimbursement
Obligation” (as defined in Section 2.20.3), the applicable Issuer (or the Agent, on its behalf) will notify each Lender promptly upon presentation to it of an L/C Draft or upon any other draw under any Letter of Credit, such notice to be
given at least three (3) Business Days before the Business Day on which the applicable Issuer makes payment of each such L/C Draft, or, in the case of any other draw on the Letter of Credit, at the time of demand by the applicable Issuer. On or
before the Business Day on which the applicable Issuer makes payment of each such L/C Draft or, in the case of any other draw on the Letter of Credit, on demand of the applicable Issuer, each Lender shall make payment to the applicable Issuer (or to
the Agent for the account of the applicable Issuer), in immediately available funds in an amount equal to such Lender’s ratable share (determined in accordance with the fraction described above) of the amount of such payment or draw. Unless,
with respect to such specific Letter of Credit, the Required Lenders shall have notified the Agent prior to the Agent issuing any Letter of Credit, that the applicable conditions precedent set forth in Article IV have not then been satisfied, the
obligation of each Lender to reimburse the applicable Issuer under this Section 2.20.2 shall be unconditional, continuing, irrevocable and absolute and shall not be affected or impaired by, among other things, the reduction, suspension or
termination of the Aggregate Revolving Commitment pursuant to Section 2.11(b) or Section 8.1. In the event that any Lender fails to make payment to the applicable Issuer of any amount due under this Section 2.20.2, the applicable Issuer shall be
entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Lender hereunder until the applicable Issuer receives such payment from such Lender or such obligation is otherwise fully satisfied;
provided, however, that nothing contained in this sentence shall relieve such Lender of its obligation to reimburse the applicable Issuer for such amount in accordance with this Section 2.20.2. 
  
 2.20.3 Reimbursement Obligation. The Borrower agrees unconditionally,
irrevocably and absolutely to pay immediately to the Agent, for the account of the Lenders, the amount of each advance drawn under or pursuant to a Letter of Credit or an L/C Draft related thereto (such obligation of the Borrower to reimburse the
Agent for an advance made under a 
  

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 Letter of Credit or L/C Draft being hereinafter referred to as a “Reimbursement Obligation”). If the
Borrower at any time fails to repay a Reimbursement Obligation pursuant to this Section 2.20.3, the Borrower shall be deemed to have elected to borrow a Floating Rate Advance from the Lenders, as of the date of the advance giving rise to the
Reimbursement Obligation, equal in amount to the amount of the unpaid Reimbursement Obligation, the proceeds of which Advance shall be used to repay such Reimbursement Obligation and such an Advance shall be available from the Lenders
notwithstanding the fact that the Aggregate Revolving Commitment may have been reduced, suspended or terminated pursuant to Section 2.11(b) or Section 8.1. If, for any reason, the Borrower fails to repay a Reimbursement Obligation on the day such
Reimbursement Obligation arises, then such Reimbursement Obligation shall bear interest from and after such day, until paid in full, at the interest rate applicable to Floating Rate Advances. 
  
 2.20.4 Cash Collateral. Notwithstanding anything to the contrary
herein or in any application for any Letter of Credit, after the occurrence and during the continuance of a Default, the Borrower shall, upon the Agent’s demand, deliver to the Agent for the benefit of the Lenders, cash collateral in an amount
equal to the aggregate outstanding L/C Obligations. Any such collateral shall be held by the Agent in a separate, interest-bearing account appropriately designated as a cash collateral account in relation to this Agreement and the Letters of Credit
and retained by the Agent for the benefit of the Issuers and the Lenders as collateral security for the Borrower’s obligations in respect of this Agreement and the Letters of Credit and L/C Drafts. Such amounts shall be applied to reimburse the
applicable Issuer for drawings or payments under or pursuant to the Letters of Credit or L/C Drafts, or if no such reimbursement is required, to payment of any other due and unpaid costs, fees, expenses and other Obligations related to the Letters
of Credit, any L/C Drafts and such cash collateral account, as the Agent shall determine in consultation with the Issuers. If no Default shall be continuing, amounts remaining in any cash collateral account established pursuant to this Section
2.20.4 which are not to be applied to reimburse the applicable Issuer for amounts drawn under the Letters of Credit or L/C Drafts or to the payment of related costs, fees, expenses and other Obligations as described above, shall be returned to the
Borrower. Investment earnings (net of investment losses and any unpaid costs, fees, expenses and other Obligations related to the Letters of Credit, any L/C Drafts and such cash collateral account) on amounts on deposit in the cash collateral
account shall be for the account of the Borrower, and the Agent shall remit any such accrued earnings to the Borrower no less frequently than quarterly. 
  
 2.20.5 Letter of Credit Fees. The Borrower agrees to pay (a) to the Agent for the ratable benefit of the Lenders, a letter of credit fee equal to
the Applicable Letter of Credit Fee Rate in effect from time to time on the aggregate daily amount available for drawing under the outstanding Letters of Credit, such fee to be paid in arrears on the last Business Day of each calendar quarter, and
on the Facility Termination Date and (b) to the applicable Issuer for its own account as issuing bank, a one time facing fee of 0.125% of the amount available for drawing under each Letter of Credit issued by the Agent, payable upon the issuance of
each such Letter of Credit issued on or after the Effective Date and all customary fees and other issuance, amendment, negotiation and presentment expenses and related charges in connection with the issuance, amendment, presentation of L/C Drafts,
and the like customarily charged by the Agent to other customers of the Agent of comparable creditworthiness with respect to standby letters of credit and commercial letters of credit, payable at the time of invoice of such amounts. 
  

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 2.20.6 Indemnification; Exoneration. 
  
 (a) In addition to amounts payable as elsewhere provided in
this Agreement, Borrower hereby agrees to pay, and to protect, indemnify and save harmless the Agent, the Issuers and each Lender from and against, any and all liabilities and costs which the Agent, any Issuer or any Lender may incur or be subject
to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit other than, in the case of the issuer thereof, as a result solely of its Gross Negligence or willful misconduct, as determined by the final judgment of a court of
competent jurisdiction, or (ii) the failure of the issuer thereof to honor a drawing under any Letter of Credit as a result of any act or omission, whether rightful or wrongful, of any present or future de jure or de facto governmental authority
(all such acts or omissions herein called “Governmental Acts”). 
  
 (b) As among the Borrower, the Lenders, the Agent and the Issuers, the Borrower assumes all risks of the acts and omissions of, or misuse
of a Letter of Credit by, the beneficiary of any Letter of Credit. In furtherance and not in limitation of the foregoing, subject to the provisions of the letter of credit application and the letter of credit reimbursement agreement executed by the
Borrower in connection with any Letter of Credit, the Issuers, the Agent and the Lenders shall not be responsible (in the absence of Gross Negligence or willful misconduct in connection therewith): (i) for the form, validity, sufficiency, accuracy,
genuineness or legal effect of any document submitted by any party in connection with the application for and issuance of any Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate,
fraudulent or forged; (ii) for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may
prove to be invalid or ineffective for any reason; (iii) for failure of the beneficiary of any Letter of Credit to comply duly with conditions required in order to draw upon any Letter of Credit; (iv) for errors, omissions, interruptions or delays
in transmission or delivery of any messages, by mail, cable, telegraph, telecopy, telex, or other similar form of teletransmission or otherwise; (v) for errors in interpretation of technical trade terms; (vi) for any loss or delay in the
transmission or otherwise of any document required in order to make a drawing under any Letter of Credit or of the proceeds thereof; (vii) for the misapplication by the beneficiary of any Letter of Credit of the proceeds of any drawing under any
Letter of Credit; and (viii) for any consequences arising from causes beyond the control of the Agent, any Issuer, or any of the Lenders including, without limitation, any Governmental Acts. None of the above shall affect, impair, or prevent the
vesting of any rights or powers of any Issuer under this Section 2.20.6. 
  
 (c) In furtherance and extension and not in limitation of the specific provisions hereinabove set forth, any action taken or omitted by the applicable Issuer under or in connection with a Letter of Credit issued on
behalf of the Borrower or any related certificates shall not, in the absence of Gross Negligence or willful misconduct, as determined by the final judgment of a court of competent jurisdiction, put such Issuer, the Agent or any Lender under any
resulting liability to the Borrower or any Guarantor or relieve the Borrower or any Guarantor of any of its obligations hereunder or under the relevant Guaranty to any such Person. 
  

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 (d) Without prejudice to the survival of any other agreement of Borrower hereunder, the
agreements and obligations of Borrower contained in this Section 2.20.6 shall survive the payment in full of principal and interest hereunder, the termination of the Letters of Credit and the termination of this Agreement. 
  
 (e) Notwithstanding anything therein to the contrary, in the
event any of the provisions of any application submitted by the Borrower in connection with any Letter of Credit conflict with the provisions of this Agreement, the terms of this Agreement shall govern. 
  
 2.21. Additional Term Loans. If the 364-Day Loans have been paid in
full and all the 364-Day Commitments have been terminated, then, prior to the Facility Termination Date, the Borrower shall have the right, subject to the terms and conditions set forth below, to borrow additional term loans (the “Additional
Loans”) from one or more existing Lenders (provided that no Lender shall be required to make all or any portion of the Additional Loans without its prior written consent, which consent is to be given in each Lender’s sole discretion)
and/or one or more institutions that are not existing Lenders but are approved by the Agent and the Borrower; provided that (a) no Unmatured Default or Default shall exist either at the time of the request or the making of the Additional Loans (or
will result from the making of the Additional Loans), (b) the Additional Loans shall be in a minimum amount of $10,000,000 (and in integral multiples of $1,000,000 in excess thereof), (c) the Additional Loans may only be made subsequent to the date
that is ninety (90) days after the Effective Date and shall neither mature earlier than six months after the Facility Termination Date nor have, with respect to any amortization schedule for such Additional Loans, an “average life” shorter
than the Term Loans, (d) the Additional Loans shall be in a maximum aggregate principal amount of $500,000,000 and (e) this Agreement and any other Loan Document will be amended to incorporate the Additional Loans and reflect that, among other
things, the Additional Loans shall constitute Obligations and shall be pari passu with the Terms Loans and such amendment shall reflect the pricing, maturity and amortization of the Additional Loans and such other terms concerning the Additional
Loans as required by the Agent and the Lenders who agree to make the Additional Loan; provided that if the terms of the Additional Loans are not similar to the terms of the Revolving Loans and Term Loans, the Borrower agrees, at the request of the
Agent and the Required Lenders, to further amend this Agreement and other Loan Documents to cause such terms applicable to the Additional Loans as selected by the Agent and the Required Lenders to become applicable to the Revolving Loans and Term
Loans. 
  
 ARTICLE III. 
  
 CHANGE IN CIRCUMSTANCES 
  
 3.1. Yield Protection. If, on or after the date of this Agreement, the
adoption of any law or any governmental or quasi-governmental rule, regulation, policy, guideline or directive (whether or not having the force of law), or any change in the interpretation or administration thereof by any governmental or
quasi-governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender or applicable Lending Installation with any request or directive (whether or not having the force
of law) of any such authority, central bank or comparable agency: 
  
 (a) subjects any Lender to any Taxes or changes the basis of taxation of payments (other than with respect to Excluded Taxes) to any Lender in respect of its Loans, L/C Interests or other amounts due it hereunder, or

  

 39 

 (b) imposes or increases or deems applicable any reserve, assessment, insurance charge,
special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or any applicable Lending Installation (other than reserves and assessments taken into account in determining the
interest rate applicable to Eurodollar Advances), or 
  
 (c) imposes any other condition the result of which is to increase the cost to any Lender or any applicable Lending Installation of making, funding or maintaining Loans or issuing or participating in Letters of Credit or reduces any amount
receivable by any Lender or any applicable Lending Installation in connection with Loans or Letters of Credit, or requires any Lender or any applicable Lending Installation to make any payment calculated by reference to the amount of Loans or
Letters of Credit held, or interest received, by it by an amount deemed material by such Lender, 
  
 then, within 15 days of demand by such Lender, the Borrower shall pay such Lender such additional amount or amounts as will compensate such Lender for such increased cost or reduction in amount received. 

 
 3.2. Changes in Capital Adequacy Regulations. If a Lender
determines that the amount of capital required or expected to be maintained by such Lender, any Lending Installation of such Lender or any corporation controlling such Lender is increased as a result of a Change (as defined below in this Section
3.2), then, within 15 days of demand by such Lender, the Borrower shall pay such Lender the amount necessary to compensate for any shortfall in the rate of return on the portion of such increased capital which such Lender determines is attributable
to this Agreement, its Loans, its L/C Interests, the Letters of Credit or its obligation to make Loans or participate in Letters of Credit hereunder (after taking into account such Lender’s or such controlling corporation’s policies as to
capital adequacy). “Change” means (a) any change after the date of this Agreement in the Risk-Based Capital Guidelines (as defined below in this Section 3.2) or (b) any adoption of or change in any other law, governmental or
quasi-governmental rule, regulation, policy, guideline, interpretation, or directive (whether or not having the force of law) after the date of this Agreement which affects the amount of capital required or expected to be maintained by any Lender or
any Lending Installation or any corporation controlling any Lender. “Risk-Based Capital Guidelines” means (a) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition
rules, and (b) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled
“International Convergence of Capital Measurements and Capital Standards,” including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement. 
  
 3.3. Availability of Types of Advances. If any Lender determines that
maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if the Required Lenders 
  

 40 

 determine that (a) deposits of a type and maturity appropriate to match fund Eurodollar Advances are not available or (b)
the interest rate applicable to a Type of Advance does not accurately reflect the cost of making or maintaining such Advance, then the Agent shall suspend the availability of the affected Type of Advance and require any Eurodollar Advances of the
affected Type to be prepaid or converted to Floating Rate Advances at the Borrower’s election, subject to the payment of any funding indemnification amounts required by Section 3.4. 
  
 3.4. Funding Indemnification. If any payment of a Eurodollar Advance occurs on a date which is not the last day of
the applicable Interest Period, whether because of acceleration, prepayment or otherwise, or a Eurodollar Advance is not made (whether by borrowing, continuation or conversion) on the date specified by the Borrower for any reason other than default
by the Lenders, or an optional prepayment, notice of which has been given in accordance with Section 2.6, is not made on the date specified therefor in such notice, the Borrower will indemnify each Lender for any loss or cost incurred by it
resulting therefrom, including, without limitation, any loss or cost in liquidating or employing deposits acquired to fund or maintain such Eurodollar Advance. In connection with any assignment by any Lender of any portion of the Loans made pursuant
to Section 12.3 during the One Month Interest Period Syndication Period, if Eurodollar Advances are outstanding, the Borrower shall be deemed to have repaid all outstanding Eurodollar Advances as of the effective date of such assignment and
reborrowed such amount as a Floating Rate Advance and/or Eurodollar Advance (chosen in accordance with the provisions of Section 2.4), and the indemnification provisions under this Section 3.4 shall apply to such assignment; provided that the
Lenders shall use reasonable efforts to cause the effective date of any such assignment to be the last day of a Eurodollar Interest Period. 
  
 3.5. Mitigation; Lender Statements; Survival of Indemnity. 
  
 (a) To the extent reasonably possible, each Lender shall designate an alternate Lending Installation with
respect to its Loans to reduce any liability of the Borrower to such Lender under Sections 3.1 and 3.2 or to avoid the unavailability of a Type of Advance under Section 3.3, so long as such designation is not, in the reasonable judgment of such
Lender, disadvantageous to such Lender. If the obligation of the Lenders to make Eurodollar Advances has been suspended pursuant to Section 3.3 as a consequence of a determination by any Lender that maintenance of its Eurodollar Loans at a suitable
Lending Installation would violate any applicable law or any Lender has demanded compensation under Section 3.1 or 3.2, the Borrower may elect (i) subject to Section 3.4, to prepay any outstanding Revolving Advances and the Term Advance to the
extent necessary to mitigate its liability under Section 3.1 or 3.2, (ii) in the event the Term Loans have been paid in full, to terminate the applicable Lender’s Revolving Commitment hereunder, or (iii) to require the applicable Lender to
assign its outstanding Revolving Loans and Term Loan, L/C Interests and Revolving Commitment hereunder to another financial institution designated by the Borrower and reasonably acceptable to the Agent. The obligation of a Lender to assign its
rights and obligations hereunder or terminate its Commitment hereunder as contemplated by this Section 3.5(a) is subject to the requirements that (x) all amounts owing to that Lender under the Loan Documents are paid in full upon the completion of
such assignment or prior to such termination and (y) any assignment is effected in accordance with the terms of Section 12.3 and on terms otherwise satisfactory to that Lender (it being understood that the Borrower shall pay the processing fee
payable to the Agent pursuant to Section 12.3.2 in connection with any such assignment). 
  

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 (b) Each Lender shall deliver a written statement of such Lender (with a copy to the
Agent) as to the amount due, if any, under Section 3.1, 3.2 or 3.4. Such written statement shall set forth in reasonable detail the calculations upon which such Lender determined such amount and shall be final, conclusive and binding on the Borrower
in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurodollar Loan shall be calculated as though each Lender funded such Loan through the purchase of a deposit of the type and maturity
corresponding to the deposit used as a reference in determining the interest rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein, the amount specified in the written statement of any Lender shall
be payable on demand after receipt by the Borrower of the written statement. The obligations of the Borrower under Sections 3.1, 3.2 and 3.4 shall survive payment of the Obligations and termination of this Agreement. 
  
 ARTICLE IV. 
  
 CONDITIONS PRECEDENT 
  
 4.1. Effectiveness. This Agreement shall become effective and the
Lenders shall be obligated to make the Term Loans and 364-Day Loans only after the Agent shall have received from the Borrower, and if requested by a Lender, with sufficient copies (other than in the case of the Notes) for such Lender(s), each of
the following items in form and substance satisfactory to the Agent (and where indicated in this Section 4.1, such deliverables shall be in form and substance satisfactory to each Lender). 
  
 (a) copies of the certificate of incorporation of the
Borrower, together with all amendments, and, to the extent applicable, a certificate of good standing, certified by the Delaware Secretary of State; 
  
 (b) copies, certified by the Secretary, Assistant Secretary or other appropriate officer or director of the Borrower of its by-laws (or
any comparable constitutive laws, rules or regulations) and of its board of directors’ resolutions (and resolutions of other bodies, if any are deemed necessary by counsel for any Lender) authorizing the execution of the relevant Loan
Documents; 
  
 (c) incumbency certificates,
executed by the Secretary or Assistant Secretary or other appropriate officer or director of the Borrower, which shall identify by name and title and bear the signature of the officers of the Borrower authorized to sign the relevant Loan Documents
and to make borrowings hereunder, as applicable, upon which certificate the Agent and the Lenders shall be entitled to rely until informed of any change in writing by the Borrower; 
  
 (d) a certificate of the Secretary, Assistant Secretary or other appropriate officer or member of each
Initial Guarantor certifying: (i) a copy of its certificate of 
  

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 incorporation, organization or formation, (ii) a copy of its by-laws, operating agreement or other
similar governing document, (iii) a copy of the resolutions of its board of directors, members or other body authorizing the execution, delivery and performance of the Guaranty, and (iv) the name, title and specimen signature of each officer or
other person authorized to sign the Guaranty; 
  
 (e) a copy of a good standing certificate (if such a certificate is available with respect to a particular entity that is not a corporation) for each Initial Guarantor, issued by the appropriate governmental officer in its jurisdiction of
organization; 
  
 (f) a certificate, signed by
the Chief Financial Officer, stating that, to the best of his knowledge after due inquiry, on the date hereof no Default or Unmatured Default has occurred and is continuing; 
  
 (g) an opinion of Dewey Ballantine LLP, counsel to the Borrower, substantially in the form of Exhibit C-1
hereto; 
  
 (h) an opinion of Dechert LLP,
special Pennsylvania counsel to the Borrower, substantially in the form of Exhibit C-2 hereto; 
  
 (i) a Revolving Note, Term Note and/or 364-Day Note, payable to the order of each Lender that has requested a Note; 
  
 (j) written money transfer instructions, in substantially
the form of Exhibit F hereto, addressed to the Agent and signed by an Authorized Officer, together with such other related money transfer authorizations as the Agent may have reasonably requested, which instructions shall, among other things, direct
the Agent to (i) repay in full the loans and advances outstanding under that certain Credit Agreement dated as of June 13, 2003, as amended, among the Borrower, SunTrust Bank, as Agent, and the lenders parties thereto and related documents thereto
(the “Existing Agreement”), as of the effective date of this Agreement, together with all accrued and unpaid interest thereon and all breakage fees and other amounts payable with respect thereto, other than in connection with the
Existing Letters of Credit, (ii) pay a designated amount of the proceeds of the initial Loans hereunder as directed as consideration then owing with respect to the NeighborCare Acquisition and (iii) pay all commitment fees and utilization fees
accrued and unpaid under the Existing Agreement as of the Effective Date of this Agreement; 
  
 (k) this Agreement, duly executed and delivered by a duly authorized officer of the Borrower and a Guaranty duly executed and delivered by
a duly authorized officer of each of the Guarantors; 
  
 (l) evidence that the NeighborCare Acquisition has been consummated for an aggregate purchase price not exceeding $34.75 per share (based upon the aggregate number of shares outstanding on July 7, 2005), and pursuant to documentation
reasonably satisfactory to the Lenders (and no material provision thereof shall have been waived, amended, supplemented or modified in a manner materially adverse to the Lenders or the Agent without the consent of the Lenders), and that the capital
structure of the Borrower and each Guarantor after the NeighborCare Acquisition is reasonably satisfactory to the Lenders; 
  

 43 

 (m) evidence that all governmental and material third party approvals and consents,
including regulatory approvals, necessary in connection with the NeighborCare Acquisition, the financing contemplated hereby and the continuing operations of the Borrower and its subsidiaries have been obtained and are in full force and effect, and
that all applicable waiting periods have expired without any action being taken or threatened by any competent authority that would restrain, prevent or otherwise impose materially adverse conditions on the NeighborCare Acquisition or the financing
contemplated hereby; 
  
 (n) audited financial
statements dated December 31, 2004, and unaudited (which have been reviewed by the independent accountants for the Borrower as provided in Statement on Auditing Standards No. 100) financial statements for each fiscal quarter ending subsequent to
such date (for which financial statements are available), of the Borrower, the Initial Guarantors and NeighborCare and all other completed or probable acquisitions (including pro forma financial statements) meeting the requirements of Regulations
S-X for a Form S-1 registration statement under the Securities Act of 1933, as amended and all such financial statements shall be satisfactory in form to the Lenders in their reasonable judgment. 
  
 4.2. Initial Revolving Advance, Etc. No Lender shall be required to
make the initial Revolving Advance or Swing Line Loan or issue Letters of Credit or purchase participations in the Swing Line Loans or such Letters of Credit hereunder, unless each of the following items have been delivered or met to Agent’s
satisfaction on the applicable Borrowing Date: 
  
 (a) there exists no Default or Unmatured Default; 
  
 (b) the conditions set forth in Section 4.1 hereof have been satisfied; 
  
 (c) the representations and warranties contained in Article V are true and correct as of such Borrowing Date except to the extent any such
representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date; and 
  
 (d) in the case of a Revolving Loan or Letter of Credit, after giving effect to such Loan or the existence
of such Letter of Credit, the aggregate outstanding principal amount of all Revolving Advances and outstanding L/C Obligations and Swing Line Loans does not exceed the Aggregate Revolving Commitment. 
  
 4.3. 364-Day Loans. No 364-Day Lender shall be required to make any
364-Day Loans (other than the 364-Day Loans made on the Effective Date), unless each of the following items has been delivered or met to the Agent’s satisfaction on the applicable 364-Day Funding Date: 
  
 (a) written money transfer instructions, in form and
substance reasonably acceptable to the Agent, which instructions shall direct the Agent to apply such proceeds 
  

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 in accordance with provisions of Section 6.2, addressed to the Agent and signed by an Authorized Officer,
together with such other related money transfer authorizations as the Agent may have reasonably requested; 
  
 (b) with respect to any 364-Day Loan the proceeds of which are to be used to repurchase or redeem the NeighborCare Notes (i) no Default or
Unmatured Default exists pursuant to Section 7.6 or 7.7 and (ii) the making of such Loan will not violate any law, rule, regulation, order, writ, judgment, injunction or decree binding on any 364-Day Lender; 
  
 (c) with respect to any 364-Day Loan the proceeds of which
are to be used to consummate either Applicable Permitted Acquisition, evidence that the Applicable Permitted Acquisition has been or will substantially simultaneously be consummated pursuant to documentation reasonably satisfactory to the 364-Day
Lenders and no material provision thereof shall have been waived, amended, supplemented or modified in a manner materially adverse to the 364-Day Lenders, the Agent, and that the capital structure of the Borrower and each Guarantor after giving
effect to such Permitted Acquisition is reasonably satisfactory to the 364-Day Lenders; 
  
 (d) with respect to any 364-Day Loan, the proceeds of which are to be used to consummate either Applicable Permitted Acquisition, evidence
that all governmental and material third party approvals and consents, including regulatory approvals, necessary in connection with the Applicable Permitted Acquisition, the financing contemplated hereby and the continuing operations of the Borrower
and its subsidiaries have been obtained and are in full force and effect, and that all applicable waiting periods have expired without any action being taken or threatened by any competent authority that would restrain, prevent or otherwise impose
materially adverse conditions on the Applicable Permitted Acquisition or the financing contemplated hereby; 
  
 (e) with respect to any 364-Day Loan the proceeds of which are to be used to consummate either Applicable Permitted Acquisition, (i) there
exists no Default or Unmatured Default, (ii) the conditions set forth in Section 4.1 hereof have been satisfied, (iii) the representations and warranties contained in Article V are true and correct as of such 364-Day Funding Date except to the
extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date; 
  
 (f) with respect to any 364-Day Loan the proceeds of which
are to be used to consummate either Applicable Permitted Acquisition, audited financial statements dated December 31, 2004, and unaudited (which have been reviewed by the independent accountants for the Borrower as provided in Statement on Auditing
Standards No. 100) financial statements for each fiscal quarter subsequent to such date (for which financial statements are available), of the Company, the Guarantors and the Borrower and all other completed or probable acquisitions (including pro
forma financial statements) meeting the requirements of Regulations S-X for a Form S-1 registration statement under the Securities Act of 1933, as amended and all such financial statements shall be satisfactory in form to the Lenders in their
reasonable judgment; and 
  

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 (g) with respect to any Person that would be required to become a Supplemental Guarantor
after giving effect to the Applicable Permitted Acquisition (i) a Guaranty duly executed and delivered by a duly authorized officer of each of such Person; (ii) an opinion of counsel to the Borrower, in form and substance reasonably satisfactory to
the Agent and (ii) a certificate of the Secretary, Assistant Secretary or other appropriate officer or member of each such Supplemental Guarantor, certifying (w) a copy of its certificate of incorporation, organization or formation, (x) a copy of
its by-laws, operating agreement or other similar governing document, (y) a copy of the resolutions of its board of directors, members or other body authorizing the execution, delivery and performance of the Guaranty, and (z) the name, title and
specimen signature of each officer or other person authorized to sign the Guaranty. 
  
 4.4. Each Advance and Letter of Credit. No Lender shall be required to make any Loan, nor shall the Agent be required to issue any Letter of Credit hereunder, and on the applicable Borrowing Date or date for
issuance of such Letter of Credit: 
  
 (a) there
exists no Default or Unmatured Default; 
  
 (b)
the representations and warranties contained in Article V are true and correct as of the Effective Date or such Borrowing Date or date for issuance of such Letter of Credit except to the extent any such representation or warranty is stated to relate
solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date; and 
  
 (c) in the case of a Revolving Loan or Letter of Credit, after giving effect to such Loan or the issuance of such Letter of Credit, the
aggregate outstanding principal amount of all Revolving Advances and outstanding L/C Obligations and Swing Line Loans does not exceed the Aggregate Revolving Commitment. 
  
 Each Borrowing Notice (including telephonic notice) and each application with respect to a Letter of Credit shall constitute a
representation and warranty by the Borrower that the conditions contained in Sections 4.4(a), (b) and (c) have been satisfied. Each Conversion/Continuation Notice (including telephonic notice) with respect to a Loan shall constitute a representation
and warranty by the Borrower that the conditions contained in Sections 4.4(a) and (b) have been satisfied. 
  
 ARTICLE V. 
  
 REPRESENTATIONS AND WARRANTIES 
  
 The Borrower
represents and warrants to the Lenders that: 
  
 5.1.
Corporate Existence and Standing. The Borrower and each of its Subsidiaries is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and has all requisite authority to conduct its business in
each jurisdiction in which its business is conducted, except to the extent that, in the case of any Subsidiary of the Borrower, the failure to be in good standing or, in the case of the Borrower or any Subsidiary of the Borrower, the failure to be
authorized to conduct business in any jurisdiction could not, when taken together with all similar failures by such Subsidiary and each other Subsidiary, reasonably be expected to have a Material Adverse Effect. 
  

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 5.2. Authorization and Validity. The Borrower and each Guarantor has the corporate power and
authority and legal right to execute and deliver the Loan Documents to which it is party and to perform its obligations thereunder. The execution and delivery by each of the Borrower and each Guarantor of the Loan Documents to which it is party and
the performance of its obligations thereunder have been duly authorized by proper corporate proceedings, and each Loan Document to which the Borrower or any Guarantor is party constitutes the legal, valid and binding obligation of the Borrower or
such Guarantor, as applicable, enforceable against the Borrower or such Guarantor, as applicable, in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of
creditors’ rights generally and general principles of equity, regardless of whether the application of such principles is considered in a proceeding in equity or at law. 
  
 5.3. No Conflict; Government Consent. Neither the execution and delivery by each of the Borrower and each Guarantor
of the Loan Documents to which it is party, nor the consummation of the NeighborCare Acquisition, nor the consummation of the transactions contemplated in the Loan Documents, nor compliance with the provisions thereof will violate any law, rule,
regulation, order, writ, judgment, injunction, decree or award binding on the Borrower or any Subsidiary or the Borrower’s or any Subsidiary’s articles of incorporation or by-laws or comparable constitutive documents or the provisions of
any indenture, instrument or agreement to which the Borrower or any Subsidiary is a party or is subject, or by which it, or its Property, is bound, or conflict with or constitute a default thereunder, or result in the creation or imposition of any
Lien in, of or on the Property of the Borrower or any Subsidiary pursuant to the terms of any such indenture, instrument or agreement which violation, conflict or imposition could reasonably be expected to have a Material Adverse Effect. No order,
consent, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, any governmental or public body or authority, or any subdivision thereof, is required to authorize, or is required in connection
with the execution, delivery and performance of, or the legality, validity, binding effect or enforceability of, any of the Loan Documents. 
  
 5.4. Financial Statements. The March 31, 2005, consolidated financial statements of the Borrower and its Subsidiaries, heretofore delivered to the
Lenders, were prepared in accordance with GAAP in effect on the date such statements were prepared and fairly present the consolidated financial condition of the Borrower and its Subsidiaries at the date thereof and the consolidated results of their
operations for the period then ended, subject to normal year-end adjustments and the absence of notes. 
  
 5.5. Material Adverse Change. Since December 31, 2004, there has been no change in the business, Property, prospects, condition (financial or
otherwise) or results of operations of the Borrower and its Subsidiaries which could reasonably be expected to have a Material Adverse Effect. 
  
 5.6. Taxes. All material tax returns required to be filed by the Borrower or any of its Subsidiaries in any jurisdiction have, in fact, been filed,
all such material tax returns have been prepared in accordance with applicable laws, and all material taxes, assessments, fees and other 
  

 47 

 governmental charges upon the Borrower or any Subsidiary or upon any of their respective properties, income or
franchises, which are shown on such material tax returns have been paid except to the extent such tax payments are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions
are being maintained in accordance with Agreement Accounting Principles. For all taxable years ending on or before December 31, 1996, the United States Federal income tax liability of the Borrower and its Subsidiaries has been satisfied and either
the period of limitations on assessment of additional United States Federal income tax has expired or the Borrower or the applicable Subsidiary has entered into an agreement with the United States Internal Revenue Service closing conclusively the
total tax liability for the taxable year. Neither the Borrower nor any of its Subsidiaries knows of any proposed additional tax assessment against it or any of them for which adequate provision has not been made on its or their accounts, and no
controversy in respect of additional income or other taxes due or claimed to be due to any Governmental Authority is pending or to the knowledge of the Borrower or its Subsidiaries threatened the outcome of which could reasonably be expected to have
a Material Adverse Effect. The charges, accruals and reserves on the books of the Borrower and its Subsidiaries in respect of any taxes or other governmental charges are adequate. 
  
 5.7. Litigation and Contingent Liabilities. There is no litigation, arbitration, governmental investigation,
proceeding or inquiry pending or, to the knowledge of any of their officers, threatened against or affecting the Borrower or any Subsidiary of the Borrower which, individually or in the aggregate, could reasonably be expected to have a Material
Adverse Effect. Other than any liability incident to such litigation, arbitration or proceedings, to the knowledge of the Borrower’s officers neither the Borrower nor any of its Subsidiaries has any material contingent liabilities not provided
for or disclosed in the financial statements referred to in Section 5.4. 
  
 5.8. Subsidiaries. Schedule III hereto, together with the most recent update, if any, delivered pursuant to Section 6.1(j), contains an accurate list of all of the Subsidiaries (except for inactive Subsidiaries
with immaterial assets and liabilities) of the Borrower, setting forth their respective jurisdictions of incorporation and the percentage of their respective Capital Stock owned by the Borrower or its Subsidiaries. All of the issued and outstanding
shares of Capital Stock of the Subsidiaries of the Borrower listed on Schedule III hereto, together with the most recent update, if any, delivered pursuant to Section 6.1(j), have been duly authorized and issued and are fully paid and
non-assessable. 
  
 5.9. ERISA. The Unfunded Liabilities of
all Single Employer Plans do not in the aggregate exceed $10,000,000. Neither the Borrower nor any other member of the Controlled Group has incurred, or is reasonably expected to incur, any withdrawal liability to Multiemployer Plans in excess of
$10,000,000 in the aggregate. Each Single Employer Plan complies in all material respects with all applicable requirements of law and regulations, no Reportable Event has occurred with respect to any Single Employer Plan, none of the Borrower or any
other member of the Controlled Group has withdrawn from any Plan or initiated steps to do so, and, to Borrower’s knowledge, no steps have been taken to reorganize or terminate any Plan. 
  

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 5.10. Accuracy of Information. No written information, exhibit or report prepared and furnished by
the Borrower or any Subsidiary to the Agent or to any Lender in connection with the negotiation of, or compliance with, the Loan Documents, taken as a whole, contained any material misstatement of fact or omitted to state a material fact or any fact
necessary to make the statements contained therein not misleading. 
  
 5.11. Regulation U. The Borrower and its Subsidiaries are in compliance with Regulation U. 
  
 5.12. Material Agreements. Neither the Borrower nor any of its Subsidiaries is in default in the performance, observance or fulfillment of any of
the obligations, covenants or conditions contained in any agreement to which it is a party, which default could have a Material Adverse Effect (any such agreement, a “Material Agreement”). 
  
 5.13. Compliance With Laws. The Borrower and its Subsidiaries have
complied in all material respects with all applicable statutes, rules, regulations, orders and restrictions of any Governmental Authority having jurisdiction over the conduct of their respective businesses or the ownership of their respective
Property except for such non-compliance as could not reasonably be expected to have a Material Adverse Effect. Neither the Borrower nor any of its Subsidiaries has received any notice to the effect that, or is otherwise aware that, its operations
are not in material compliance with any of the requirements of applicable environmental, health and safety statutes and regulations of any Governmental Authority or the subject of any investigation by any Governmental Authority evaluating whether
any remedial action is needed to respond to a release of any toxic or hazardous waste or substance into the environment, which non-compliance or remedial action could reasonably be expected to have a Material Adverse Effect. 
  
 5.14. Ownership of Properties. Except as set forth on Schedule III
hereto, on the date of this Agreement, there are no Liens, other than those permitted by Section 6.16, on the Property and assets reflected as owned by the Borrower or any of its Subsidiaries in the financial statements delivered from time to time
pursuant hereto. 
  
 5.15. Investment Company Act. Neither
the Borrower nor any of its Subsidiaries is an “investment company” or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
  
 5.16. Public Utility Holding Company Act. Neither the Borrower nor any
of its Subsidiaries is a “holding company” or a “subsidiary company” of a “holding company”, or an “affiliate” of a “holding company” or of a “subsidiary company” of a “holding
company”, within the meaning of the Public Utility Holding Company Act of 1935, as amended. 
  
 5.17. Seniority of Obligations. The Obligations under this Agreement will at all times constitute “Senior Indebtedness” as defined in and
for purposes of the Trust PIERS Supplemental Indenture and the New Trust PIERS Supplemental Indenture. The Obligations under this Agreement and the obligations of the Guarantors under the Guaranty will at all times constitute (x) “Senior
Debt” as defined in and for purposes of the 2011 Subordinated Indenture, (y) “Designated Senior Debt” as defined in and for purposes of the Indenture and (z) “Designated Senior Debt” as defined in and for purposes of the
2013 Subordinated Notes Supplemental Indenture. 
  

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 5.18. Solvency. The Borrower and each Guarantor is, and after giving effect to the NeighborCare
Acquisition and the incurrence of all Indebtedness and obligations being incurred in connection herewith and therewith will be and will continue to be, Solvent. 
  

5.19. Patriot Act Information. The Borrower and each of its Subsidiaries is in compliance, in all material respects, with (i) the Trading with
the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (ii) the
Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001) (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (as amended from time to time, the “Patriot
Act”). No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting
in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended. 
  
 ARTICLE VI. 
  
 COVENANTS 
  
 During the term of this Agreement, unless the Required Lenders shall otherwise consent in writing: 
  
 6.1. Financial Reporting. The Borrower will maintain, and cause each
of its Subsidiaries to maintain, a system of accounting established and administered in accordance with generally accepted accounting principles, and will furnish or cause to be furnished to the Lenders: 
  
 (a) (i) within 90 days after the close of each fiscal year
of the Borrower or, if earlier, within five Business Days after the date on which any reports described in this Section 6.1(a) are filed with the United States Securities and Exchange Commission (the “SEC”), an unqualified (except
for qualifications relating to changes in accounting principles or practices reflecting changes in GAAP and required or approved by the Borrower’s independent chartered accountants or independent public accountants) audit report certified by
independent public accountants acceptable to the Lenders, prepared in accordance with Agreement Accounting Principles on a consolidated basis for itself and its Subsidiaries, including balance sheets as of the end of such period, related profit and
loss and reconciliation of surplus statements, and a statement of cash flows, accompanied by a letter which conforms to professional pronouncements promulgated by the American Institute of Certified Public Accountants from the firm of said
accountants to the effect that in the course of, and based solely upon their audit of such financial statements, 
  

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 nothing has come to their attention to cause them to believe that there existed on the date of such
statements any Default or Unmatured Default under Sections 6.17 or 6.18, or, if in the opinion of such accountants, any Default or Unmatured Default exists, the statement shall state its nature and length of time it has existed; and (ii) within 180
days after the close of each of the Borrower’s fiscal years, the management letter, if any, prepared by the applicable accountants in connection with the financial statements for such fiscal year delivered pursuant to the foregoing clause (i);

  
 (b) within 50 days after the close of the
first three quarterly periods of each fiscal year of the Borrower or, if earlier, within five Business Days after the date on which any financial statements described in this Section 6.1(b) are filed with the SEC, and for the Borrower and its
Subsidiaries, consolidated unaudited balance sheets as at the close of each such period and consolidated profit and loss and reconciliation of surplus statements and a statement of cash flows for the period from the beginning of such fiscal year to
the end of such quarter, all certified by the Chief Financial Officer; 
  
 (c) together with the financial statements required pursuant to the foregoing clauses (a) and (b), a compliance certificate in substantially the form of Exhibit D hereto signed by the Chief Financial Officer showing
the calculations necessary to determine compliance with this Agreement (including, without limitation the financial covenants, compliance with Section 6.21, and compliance with the various other covenants which contain financial tests or baskets)
and stating that no Default or Unmatured Default exists, or if any Default or Unmatured Default exists, stating the nature and status thereof and any and all actions taken with respect thereto; 
  
 (d) within 270 days after the close of each fiscal year, a
statement of the Unfunded Liabilities of each Single Employer Plan, certified as correct by an actuary enrolled under ERISA; 
  
 (e) as soon as possible and in any event within ten days after the Borrower knows that any Reportable Event has occurred with respect to
any Plan, the occurrence of which may reasonably be expected to give rise to a Material Adverse Effect, a statement, signed by the Chief Financial Officer, describing said Reportable Event and the action which the Borrower proposes to take with
respect thereto; 
  
 (f) as soon as possible and
in any event within 30 days after receipt by the Borrower or any of its Subsidiaries, a copy of (i) any notice or claim to the effect that the Borrower or any of its Subsidiaries is or may reasonably be expected to be liable for $10,000,000 or more
of potential liability (when aggregated with other similar potential liability) to any Person as a result of the release by the Borrower, any of its Subsidiaries, or any other Person of any toxic or hazardous waste or substance into the environment,
and (ii) any notice alleging any violation of any federal, state or local environmental, health or safety law or regulation by the Borrower or any of its Subsidiaries, which violation could reasonably be expected to give rise to a Material Adverse
Effect; 
  
 (g) promptly upon the furnishing
thereof to the shareholders of the Borrower, copies of all financial statements, reports and proxy statements so furnished; 
  

 51 

 (h) promptly upon their becoming available, one copy of each financial statement, report,
notice or proxy statement sent by the Borrower to stockholders generally and of each regular report and any registration statement or prospectus, filed by the Borrower with the Securities and Exchange Commission or any other United States federal or
state securities exchange, securities trading system or with any United States national stock exchange and one copy of each periodic report filed by the Borrower with any other similar regulatory authority, in all cases without duplication;
provided, however, that the Borrower shall not be obligated to provide to the Agent and the Lenders routine reports which are required to be provided to any of the above-listed entities concerning the management of employee benefit plants,
including, without limitation, stock purchases or the exercise of stock options made under any such employee benefit plan; 
  
 (i) together with the financial statements delivered pursuant to Section 6.1(a), a current list of all of the Subsidiaries of the
Borrower, setting forth their respective jurisdictions of incorporation and the percentage of their respective Capital Stock owned by the Borrower or its Subsidiaries; and (j) promptly, such other information (including non-financial information) as
the Agent or any Lender may from time to time reasonably request. 
  
 6.2. Use of Proceeds. The Borrower will cause the proceeds of up to $1,185,000,000 of 364-Day Loans, the Term Loans and up to $100,000,000 of Revolving Credit Loans to be used on the Effective Date (or on the date when payments
therefor are due) to finance the NeighborCare Acquisition, to repay in full the outstanding loans and advances made under the Existing Agreement, to repay certain Indebtedness of NeighborCare and to pay related fees, expenses and premiums with
respect thereto. In addition to the above, proceeds of 364-Day Loans may be used after the Effective Date solely to repurchase the NeighborCare Notes, or to consummate the acquisition of RxCrossroads and ExcelleRx and pay fees and expenses with
respect thereto. Further, the Borrower will, and will cause each of its Subsidiaries to, use the proceeds of the Revolving Advances and the Swing Line Loans to repay Advances and the Swing Line Loans, to make Permitted Acquisitions or for general
corporate purposes. The Borrower will not, nor will it permit any of its Subsidiaries to, use any of the proceeds of the Advances or the Swing Line Loans to purchase or carry any “margin stock” (as defined in Regulation U) in a manner
which violates Regulation U. 
  
 6.3. Notice of Default.
The Borrower will, and will cause each of its Subsidiaries to, give notice in writing to the Lenders of the occurrence (a) of any Default or Unmatured Default and (b) of any other development, financial or otherwise, which could reasonably be
expected to have a Material Adverse Effect, which notice, in either case, shall be given promptly and in any event within five Business Days after the Borrower or relevant Subsidiary becomes aware of the Default, Unmatured Default or other
development and shall state the nature and status thereof and any and all actions taken with respect thereto. 
  
 6.4. Conduct of Business. The Borrower will, and will cause each of its Subsidiaries to, carry on and conduct its business in substantially the
same manner and in substantially the same fields of enterprise as it is presently conducted and to do all things necessary to remain duly incorporated, validly existing and in good standing as a domestic corporation in its 
  

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 jurisdiction of incorporation and maintain all requisite authority to conduct its business in each jurisdiction in which
its business is conducted except where the failure to maintain such authority could not reasonably be expected to have a Material Adverse Effect. 
  
 6.5. Taxes. The Borrower will, and will cause each of its Subsidiaries to, pay when due all taxes, assessments and governmental charges and levies
upon it or its income, profits or Property, except those which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained in accordance with Agreement
Accounting Principles. 
  
 6.6. Insurance. The Borrower
will, and will cause each of its Subsidiaries to, maintain with financially sound and reputable insurance companies insurance on all their Property in such amounts and covering such risks as is consistent with sound business practice and customary
for companies similar in size and nature, and the Borrower will furnish to any Lender upon request full information as to the insurance carried. 
  
 6.7. Compliance with Laws and Material Agreements. The Borrower will, and will cause each of its Subsidiaries to, comply in all material respects
with all laws (including, without limitation, all environmental laws), rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject and all Material Agreements. 
  
 6.8. Maintenance of Properties. The Borrower will, and will cause each
of its Subsidiaries to, do all things necessary to maintain, preserve, protect and keep its Property in good repair, working order and condition, ordinary wear and tear excepted, and make all necessary and proper repairs, renewals and replacements
so that its business carried on in connection therewith may be properly conducted at all times. 
  
 6.9. Inspection. The Borrower will, and will cause each of its Subsidiaries to, permit the Agent and any or each Lender, by its respective
representatives and agents, to inspect any of the Property, corporate books and financial records of the Borrower and each of its Subsidiaries, to examine and make copies of the books of accounts and other financial records of the Borrower and each
of its Subsidiaries, and to discuss the affairs, finances and accounts of the Borrower and each of its Subsidiaries with, and to be advised as to the same by, their respective officers at such reasonable times and intervals during normal business
hours, upon oral or written request of the Agent or any Lender at least three Business Days in advance so long as no Default or Unmatured Default shall have occurred and is continuing, or, if a Default or Unmatured Default has occurred and is
continuing, upon the Agent’s request. Such inspection rights are subject to reasonable limitations imposed by the Borrower and its Subsidiaries with respect to safety and shall not extend to trade secrets of the Borrower or its Subsidiaries or
to information covered by attorney-client or other privilege. 
  
 6.10. Merger. The Borrower will not, nor will it permit any of its Subsidiaries to, merge or consolidate with any other Person, or permit any other Person to consolidate with it, except that: 
  
 (a) any Subsidiary may consolidate with or merge with or
into (i) the Borrower or any Wholly-Owned Subsidiary (if the Borrower or such Wholly-Owned 
  

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 Subsidiary shall be the continuing or surviving corporation) or (ii) any other corporation (if such
continuing or surviving corporation becomes a Wholly-Owned Subsidiary of Borrower and, if applicable, a Supplemental Guarantor hereunder pursuant to Section 6.20); and 
  
 (b) the Borrower may merge with or into any other corporation if the Borrower shall be the continuing or
surviving corporation; 
  
 provided, that as of the date of such
merger or consolidation, no Default or Unmatured Default shall have occurred and be continuing or would result from such merger or consolidation or from the incurrence of any Indebtedness in connection with such merger or consolidation. 

 
 6.11. Sale of Assets. The Borrower will not, nor will it permit any
of its Subsidiaries to, lease, sell or otherwise dispose of its Property to any other Person except for (a) sales of Property in the ordinary course of business, (b) leases, sales or other dispositions of its Property to the Borrower or a Subsidiary
of the Borrower, (c) any transfer of an interest in Receivables, Receivables and Related Security, accounts or notes receivable on a limited recourse basis under the Receivables Purchase Documents, provided that such transfer qualifies as a legal
sale and as a sale under Agreement Accounting Principles, (d) the disposition of any Hedging Agreement, and (e) other leases, sales or other dispositions of its Property subject to the requirement that at least 90% of the aggregate net proceeds of
each such lease, sale or other disposition of Property in each fiscal year are reinvested in the business of the Borrower and the Subsidiaries as conducted in accordance with the requirements of Section 6.5. 
  
 6.12. Prepayments. The Borrower will not, nor will it permit any of
its Subsidiaries to, either directly or indirectly, voluntarily redeem, retire or otherwise pay prior to its scheduled maturity, or accelerate the maturity of, Indebtedness of the Borrower or any of its Subsidiaries; provided that (A) the
Borrower and its Subsidiaries may at any time redeem, retire or otherwise pay prior to its scheduled maturity, or accelerate the maturity of, Indebtedness under (i) outstanding Revolving Advances, Swing Line Loans and the L/C Obligations, (ii) the
NeighborCare Notes, (iii) the 2011 Subordinated Notes which is satisfied from proceeds of Permitted Subordinated Debt, convertible indebtedness or Capital Stock and (iv) any Hedging Agreement; (B) the Borrower and its Subsidiaries may, at any time
after the repayment in full of the 364-Day Facility, (i) redeem, retire or otherwise pay prior to its scheduled maturity outstanding Term Loans, (ii) redeem, retire or otherwise pay prior to its scheduled maturity, or accelerate the maturity of,
Indebtedness arising under the 2013 Subordinated Notes which is satisfied from proceeds of Permitted Subordinated Debt, convertible indebtedness or Capital Stock, (iii) within sixty (60) days of an entity becoming a Subsidiary, redeem, retire or
otherwise pay prior to its scheduled maturity, or accelerate the maturity of, Indebtedness of such entity outstanding on the date such entity becomes a Subsidiary; (iv) absent the existence of a Default or Unmatured Default, redeem, retire or
otherwise pay prior to its scheduled maturity, or accelerate the maturity of, any Indebtedness which is not subordinated in right of payment to Indebtedness outstanding hereunder; (v) absent the existence of a Default or Unmatured Default, redeem,
retire or otherwise pay prior to its scheduled maturity, or accelerate the maturity of, Indebtedness of the Borrower and its Subsidiaries in an amount not in excess of $20,000,000 in the aggregate during the term of this Agreement which amount shall
not include the 2011 
  

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 Subordinated Notes and the 2013 Subordinated Notes redeemed, retired or repaid pursuant to clause (A)(iii) or (B)(ii)
above; and (vi) after March 31, 2006, redeem, purchase or otherwise pay prior to its scheduled maturity any Indebtedness arising under the 2011 Subordinated Notes provided that at the time of any such redemption, purchase or payment (a) the Term
Loans are paid in full, (b) after such redemption, purchase or payment, no less than $250,000,000 remains unfunded under the Aggregate Revolving Commitment, (c) Borrower has achieved and maintains a Moody’s Rating (as defined on Schedule I) of
Baa3 or better or a S&P Rating (as defined on Schedule I) of BBB – or better and (d) no Default or Unmatured Default has occurred and continues to exist; and (C) (i) Receivables Facility Attributed Indebtedness shall be deemed not to be
Indebtedness for purposes of this Section 6.12, (ii) the Borrower shall be permitted to redeem, retire and exchange prior to its scheduled maturity the Trust PIERS pursuant to and in compliance with the Exchange Transaction and (iii) the conversion
of Indebtedness of the Borrower or any of its Subsidiaries to equity of the Borrower shall not be deemed a payment thereof for purposes of this Section 6.12. 
  
 6.13. Affiliates. The Borrower will not, nor will it permit any of its Subsidiaries to, enter into any transaction (including, without limitation,
the purchase or sale of any Property or service) with, or make any payment or transfer to, any Affiliate except in the ordinary course of business and pursuant to the reasonable requirements of the Borrower’s or such Subsidiary’s business
and upon fair and reasonable terms no less favorable to the Borrower or such Subsidiary than the Borrower or such Subsidiary would obtain in a comparable arm’s-length transaction; provided, however, that nothing contained in this Section 6.13
shall prohibit transactions between the Borrower and any Guarantor, or between or among Guarantors, in each case in the ordinary course of business, or Permitted Receivables Transfers. 
  
 6.14. Investments. The Borrower will not, nor will it permit any of its Subsidiaries to, make or suffer to exist any
Investments, or commitments therefor, except: 
  
 (a) Investments described on Schedule III hereto; 
  
 (b) Investments by the Borrower or any of its Subsidiaries in and to any Subsidiary, including any Investment in a corporation which, after giving effect to such Investment, will become a Subsidiary, provided that if
such Investment is an Acquisition, it shall be a Permitted Acquisition; 
  
 (c) Investments in property or assets to be used in the ordinary course of business of the Borrower and any of its Subsidiaries conducted as described in Section 6.4; 
  
 (d) Investments in commercial paper maturing in 270 days or
less from the date of issuance which, at the time of acquisition by the Borrower or any Subsidiary, is accorded a rating of A2 or better by Standard & Poor’s or P2 or better by Moody’s or any other United States nationally recognized
credit rating agency of similar standing; 
  
 (e)
Investments in direct obligations of the United States, any agency or instrumentality of the United States, the payment or guarantee of which constitutes a full faith and credit obligation of the United States, maturing in three years or less from
the date of acquisition thereof (or repurchase agreements fully collateralized by such obligations); 
  

 55 

 (f) Investments in direct obligations of any State or municipality within the United
States maturing in three years or less from the date of acquisition thereof which, in any such case, at the time of acquisition by the Borrower or any Subsidiary, is accorded one of the two highest long-term or short-term, as applicable, debt
ratings by Standard & Poor’s or Moody’s or any other United States nationally recognized credit rating agency of similar standing (or repurchase agreements fully collateralized by such obligations); 
  
 (g) Investments in certificates of deposit or bankers’
acceptances issued by a bank or trust company having capital, surplus and undivided profits aggregating at least $100,000,000 and having a short-term unsecured debt rating of at least “P-1” by Moody’s or “A-1” by Standard
& Poor’s; 
  
 (h) Investments made in
connection with Permitted Acquisitions; 
  
 (i)
Investments made as of the Effective Date in connection with Joint Ventures described on Schedule III hereto; 
  
 (j) any loan or other advance by the Borrower or any of its Subsidiaries, as the case may be, to any of its or their officers or
employees, as the case may be, in the normal course of business, so long as the aggregate of all such loans or advances by the Borrower and its Subsidiaries does not exceed $5,000,000 at any time outstanding, plus reasonable, reimbursable business
and travel expenses; 
  
 (k) any fund or other
pooling arrangement which exclusively purchases and holds Investments described in this Section 6.14; 
  
 (l) cash management accounts maintained by the Borrower and deposit accounts of the Borrower or any of its Subsidiaries in the ordinary
course of business, (m) Investments (i) required in connection with the Receivables Purchase Documents and (ii) resulting from the transfers permitted by Section 6.11(c); and (n) other Investments, together with Contingent Obligations permitted
pursuant to Section 6.15(i) not to exceed in the aggregate more than 5% of Consolidated Net Worth; and 
  
 (m) Investments in money market funds that either (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act
of 1940 or (ii) both (a) provide for daily liquidity and (b) have the highest rating by at least one nationally recognized rating agency. 
  
 6.15. Contingent Obligations. The Borrower will not, nor will it permit any of its Subsidiaries to, make or suffer to exist any Contingent
Obligation, except (a) pursuant to the Guaranties; (b) Contingent Obligations of the Borrower and any of its Subsidiaries described on Schedule III hereto; (c) Contingent Obligations incurred by the Borrower in respect of the obligations
(other than obligations constituting Indebtedness of the types described in clauses (a), (d) and (e) of the definition of “Indebtedness” and, to the extent issued in support of 
  

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 Indebtedness of the types described in such clauses (a), (d) and (e), clause (h) of the
definition of “Indebtedness”) of any Guarantor; (d) Contingent Obligations incurred by any Guarantor in respect of obligations (other than obligations constituting Indebtedness of the types described in clauses (a),
(d) and (e) of the definition of “Indebtedness” and, to the extent issued in support of Indebtedness of the types described in such clauses (a), (d) and (e), clause (h) of the
definition of “Indebtedness”) of any of its Subsidiaries that is a Guarantor; (e) Contingent Obligations incurred by any Subsidiary in respect of the obligations of any of its Subsidiaries and existing at the time such Subsidiary is
acquired, directly or indirectly, by the Borrower and not incurred in anticipation of such Acquisition, and Contingent Obligations incurred by the Borrower in respect of any such obligations; (f) Contingent Obligations of the Borrower or any of its
Subsidiaries arising under the Receivables Purchase Documents; (g) Contingent Obligations incurred by any Guarantor pursuant to a guaranty of repayment of the Indebtedness of the Borrower under the 2011 Subordinated Notes or the 2013 Subordinated
Notes; (h) Contingent Obligations incurred by the Borrower pursuant to a guaranty of repayment of the obligations of Omnicare Capital Trust I, a wholly-owned statutory trust of Borrower and/or of Omnicare Capital Trust II, a wholly-owned statutory
trust of Borrower incurred in connection with the Exchange Transaction; and (i) other Contingent Obligations, together with Investments permitted pursuant to Section 6.15(n), not to exceed in the aggregate more than 5% of Consolidated Net
Worth. 
  
 6.16. Liens. The Borrower will not, nor will it
permit any of its Subsidiaries to, create, incur, or suffer to exist any Lien in, of or on the Property of the Borrower or such Subsidiary, as applicable, except: 
  
 (a) Liens for taxes, assessments or governmental charges or levies on its Property if the same shall not at
the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings and for which adequate reserves in accordance with GAAP shall have been set aside on its books; 
  
 (b) Liens imposed by law, such as carriers’,
warehousemen’s and mechanics’ liens and other similar liens arising in the ordinary course of business which secure payment of obligations not more than 60 days past due or which are being contested in good faith by appropriate proceedings
and for which adequate reserves shall have been set aside on its books; 
  
 (c) Liens arising out of pledges or deposits under worker’s compensation laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation; 
  
 (d) utility easements, building restrictions and such other
encumbrances or charges against real property as are of a nature generally existing with respect to properties of a similar character and which do not in any material way affect the same or interfere with the use thereof in the business of the
Borrower or any Subsidiary of the Borrower; 
  
 (e) Liens existing as of the Effective Date and described on Schedule III hereto; 
  

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 (f) Liens created or incurred after the Effective Date, given to secure the Indebtedness
incurred or assumed in connection with the acquisition of property or assets useful and intended to be used in carrying on the business of the Borrower or any Subsidiary of the Borrower, including Liens existing on such property or assets at the
time of acquisition thereof or at the time of acquisition by the Borrower or such Subsidiary, as applicable, of an interest in any business entity then owning such property or assets, whether or not such existing Liens were given to secure the
consideration for the property or assets to which they attach, subject to the requirement that the Lien shall attach solely to the assets acquired or purchased; 
  
 (g) any extension, renewal or replacement of any Lien permitted by the preceding clauses (e) and (f) in
respect of the same property or assets theretofore subject to such Lien in connection with the extension, renewal or refunding of the Indebtedness secured thereby; provided that (i) such Lien shall attach solely to the same property or assets, and
(ii) such extension, renewal or refunding of such Indebtedness shall be without increase in the principal remaining unpaid as of the date of such extension, renewal or refunding; 
  
 (h) (i) Liens incurred in the ordinary course of business to secure the performance of statutory obligations
arising in connection with progress payments or advance payments due under contracts with the United States, any state or any foreign government or agency thereof entered into in the ordinary course of business and (ii) Liens incurred in the
ordinary course of business to secure the performance of statutory obligations, bids, leases, fee and expense arrangements with trustees and fiscal agents and other similar obligations, provided that full provision for the payment of all such
obligations set forth in clauses (i) and (ii) has been made on the books of the Borrower or such Subsidiary as may be required by Agreement Accounting Principles; and 
  
 (i) Liens arising under the Receivables Purchase Documents. 
  
 6.17. Minimum Consolidated Net Worth. The Borrower will maintain at
all times a Consolidated Net Worth of at least the sum of: 
  
 (a) $1,690,475,000, plus 
  
 (b) the sum of 50% of Consolidated Net Income for each fiscal quarter ending after March 31, 2005 (but only to the extent that, in the case of any such fiscal quarter, Consolidated Net Income for such fiscal quarter
is at least $1.00), plus 
  
 (c) 100% of the
aggregate amount of the Net Cash Proceeds received by the Borrower or any of its Subsidiaries from the issuance or sale after the Effective Date of Capital Stock of the Borrower or any of its Subsidiaries, plus 
  
 (d) 100% of the aggregate principal amount of Trust PIERS
converted by the holder or beneficial owner thereof at any time into Capital Stock of the Borrower, and subsequent to the Exchange Transaction, 100% of the aggregate principal amount of New Trust PIERS converted by the holder or beneficial owner
thereof at any time into Capital Stock of the Borrower. 
  

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 6.18. Fixed Charges Coverage. The Borrower will at all times maintain a Fixed Charge Coverage
Ratio for the most recently ended period of four consecutive fiscal quarters of at least 1.35 to 1.00. 
  
 6.19. Acquisitions. The Borrower will not, nor will it permit any of its Subsidiaries to, make any Acquisition other than a Permitted Acquisition
and the NeighborCare Acquisition. 
  
 6.20. Supplemental
Guarantors. 
  
 (a) The Borrower will at all
times maintain Guaranties from the Initial Guarantors and Supplemental Guarantors such that as of the end of each fiscal quarter (x) the aggregate assets of the Borrower and the Guarantors are not less than 90% of the consolidated assets of the
Borrower and its Subsidiaries and (y) the aggregate gross revenues of the Borrower and the Guarantors (calculated as of the last day of the Borrower’s and the Guarantors’ most recently ended fiscal quarter for the four consecutive fiscal
quarters ending with such fiscal quarter) do not constitute less than 90% of the aggregate gross revenues of the Borrower and its Subsidiaries (calculated as of the last day of the Borrower’s and its Subsidiaries’ most recently ended
fiscal quarter for the four consecutive fiscal quarters ending with such fiscal quarter); provided that (i) in the event that any Subsidiary (including, without limitation, any continuing or surviving corporation which becomes a Subsidiary as
contemplated by Section 6.11(a)(ii)) of the Borrower (other than a Guarantor) (A) at any time has assets, determined in accordance with GAAP, with a book value equal to or greater than an amount equal to two and one half percent (2 1/2%) of the consolidated assets of the Borrower and its Subsidiaries determined as of the last day of the immediately
preceding fiscal quarter or (B) guarantees Borrower’s obligations under the 2011 Subordinated Notes, the 2013 Subordinated Notes, the Trust PIERS, or the New Trust PIERS, such Subsidiary shall promptly execute and deliver a Guaranty as a
Supplemental Guarantor pursuant to this Section 6.21, and (ii) in no event shall any SPV be required to become a Guarantor hereunder if its guaranty of any Indebtedness of the Borrower would violate any of the Receivables Purchase Documents.
In maintaining such Guaranties, the guaranties executed by any Supplemental Guarantors shall be executed and delivered to the Agent for the benefit of each of the Lenders and shall be substantially identical to the guaranties previously executed by
each of the Initial Guarantors, together with such supporting documentation, including corporate resolutions and opinions of counsel with respect to such additional guaranty, as may be reasonably required by the Agent and the Required Lenders.
Notwithstanding the foregoing, neither NeighborCare nor any of its Subsidiaries shall be required to become Guarantors prior to 30 days after the later of (1) the consummation of the NeighborCare Acquisition and (2) the earlier of (i) the date of
redemption, purchase or other repayment (or defeasance) of all Indebtedness arising under the NeighborCare Notes and (ii) the tenth (10th) Business Day after the end of the Borrower’s fiscal quarter ending closest to September 30, 2005. 
  
 (b) In the event of a sale or other disposition of all or substantially all of the assets of any Guarantor, by way of merger,
consolidation or otherwise, or a sale or other disposition of all of the Capital Stock of any Guarantor, in each case to a Person that is not (either before or after giving effect to such transactions) an Affiliate of the Borrower, 
  

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 then such Guarantor (in the event of a sale or disposition, by way of merger, consolidation or otherwise,
of all of the Capital Stock of such Guarantor) or the Person acquiring the property (in the event of a sale or other disposition of all or substantially all of the assets of such Guarantor) will be released and relieved of any obligations under its
respective Guaranty, provided, that (i) such Guarantor or other Person, as the case may be, is concurrently released and relieved of any obligations it may have with respect to the 2011 Subordinated Notes or the 2013 Subordinated Notes, and (ii)
after such release the Borrower remains in compliance with Section 6.20(a). 
  
 6.21. Subordinated Indebtedness. The Borrower will not make or permit to be made any amendment or modification to the 2011 Subordinated Indenture, the Indenture, the 2013 Subordinated Notes Supplemental
Indenture, the Trust PIERS Supplemental Indenture, the Trust PIERS Trust Agreement, the New Trust PIERS Trust Agreement, or any note or other agreement governing the 2011 Subordinated Notes, the 2013 Subordinated Notes, the Trust PIERS, the New
Trust PIERS or the Permitted Subordinated Debt that would adversely affect the Lenders. The Obligations under this Agreement shall constitute (a) “Senior Debt” for purposes of the 2011 Subordinated Indenture, (b) “Designated Senior
Debt” for purposes of the Indenture, (c) “Designated Senior Debt” for purposes of the 2013 Subordinated Notes Supplemental Indenture and (d) “Senior Indebtedness” for purposes of the Trust PIERS Supplemental Indenture and
the New Trust PIERS Supplemental Indenture. 
  
 6.22. Agent
Agreements. The Borrower shall comply with all of its obligations under the Agent Agreements. 
  
 6.23. NeighborCare Notes. No later than 10 Business Days after the Borrower’s fiscal quarter ending closest to September 30, 2005, the
Borrower will cause the NeighborCare Notes to be repaid or defeased in full and the indenture under which such notes were issued to be terminated. 
  
 ARTICLE VII. 
  
 DEFAULTS 
  
 The occurrence of any one or more of the following events shall constitute a Default: 
  
 7.1 Any representation or warranty made or deemed made by or on behalf of the Borrower or any of its Subsidiaries to the Lenders or the Agent under or in
connection with this Agreement, any Loan, any Letter of Credit, any Guaranty or any certificate or information delivered in connection with this Agreement or any other Loan Document shall be materially false on the date as of which made or deemed
made. 
  
 7.2 Nonpayment of principal of any Loan or Note or L/C
Obligation when due, or nonpayment of interest upon any Loan or Note or of any commitment fee or other obligations under any of the Loan Documents within five Business Days after the same becomes due. 
  
 7.3 The breach by the Borrower or any of its Subsidiaries of any of the terms
or provisions of Section 6.1, 6.2, 6.3(a), 6.10, 6.11, 6.12, 6.14, 6.15, 6.16, 6.17, 6.18, 6.19, 6.20, 6.21, 6.22 or 6.23. 
  

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 7.4 The breach by the Borrower or any of its Subsidiaries (other than a breach which constitutes a
Default under Section 7.1, 7.2 or 7.3) of any of the terms or provisions of this Agreement which is not remedied within 30 days after receipt of written notice from the Agent or any Lender. 
  
 7.5 Failure of the Borrower or any of its Subsidiaries to pay any
Indebtedness equal to or exceeding $25,000,000 in the aggregate when due; or the default by the Borrower or any of its Subsidiaries in the performance of any term, provision or condition contained in any agreement under which any Indebtedness equal
to or exceeding $25,000,000 in the aggregate was created or is governed, or any other event (including the occurrence of any “Amortization Event” or event of like import in connection with the Receivables Purchase Facility, but
excluding a redemption of Receivables and Related Security pursuant to a “clean-up call” event) shall occur or condition exist, (i) the effect of which is to cause, or to permit the holder or holders of such Indebtedness to cause,
such Indebtedness to become due prior to its stated maturity, or (ii) if such default or event shall occur or such condition exist under any Receivables Purchase Documents, the effect of which is to (A) terminate, or permit the investors thereunder
to terminate, the reinvestment of collections or proceeds of Receivables and Related Security under any Receivables Purchase Document (other than a termination resulting solely from the request of the Borrower or any of its Subsidiaries) or (B)
cause the replacement of, or permit the investors thereunder to replace, the Person then acting as servicer for the related Receivables Purchase Facility; or any Indebtedness evidenced by or relating to the 2011 Subordinated Notes, the 2013
Subordinated Notes, the Trust PIERS, the New Trust PIERS, or any Permitted Subordinated Debt, or any other Indebtedness of the Borrower or any of its Subsidiaries equal to or exceeding $25,000,000 in the aggregate, shall be declared to be due and
payable or required to be prepaid (other than by a regularly scheduled payment), or becomes manditorily redeemable, prior to the stated maturity thereof; or the Borrower or any of its Subsidiaries shall not pay, or shall admit in writing its
inability to pay, its debts generally as they become due. Notwithstanding anything to the contrary in this Section 7.5, no default in the performance of any term, provision or condition contained in the Indenture dated as of November 4, 2003 among
Genesis Health Venture, Inc. (n/k/a NeighborCare), the guarantors parties hereto and the Bank of New York, as Trustee, as the same may be supplemented, amended or otherwise modified from time to time (the “NeighborCare Indenture”),
pursuant to which the NeighborCare Notes were issued shall constitute a Default for the purpose of this Section 7.5 unless (i) the obligations under the NeighborCare Indenture are accelerated or (ii) such default could otherwise reasonably be
expected to have a Material Adverse Effect. 
  
 7.6 The Borrower
or any of its Subsidiaries shall (a) have an order for relief entered with respect to it under the United States bankruptcy laws as now or hereafter in effect or cause or allow any similar event to occur under any bankruptcy or similar law or laws
for the relief of debtors as now or hereafter in effect in any other jurisdiction, (b) make an assignment for the benefit of creditors, (c) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian, trustee, examiner,
liquidator, monitor or similar official for it or any Substantial Portion of its Property, (d) institute any proceeding seeking an order for relief under the United States bankruptcy laws as now or hereafter in effect or seeking to adjudicate it a
bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or any of its property or its debts under any law relating to bankruptcy, insolvency or reorganization or compromise
of debt or relief of debtors as now or 
  

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 hereafter in effect in any jurisdiction, or any organization, arrangement or compromise of debt under the laws of its
jurisdiction of incorporation or fail to promptly file an answer or other pleading denying the material allegations of any such proceeding filed against it, (e) take any corporate action to authorize or effect any of the foregoing actions set forth
in this Section 7.6 or (f) fail to contest in good faith, or consent to or acquiesce in, any appointment or proceeding described in Section 7.7. 
  
 7.7 Without the application, approval or consent of the Borrower or any of its Subsidiaries, a receiver, custodian, trustee, examiner, liquidator or
similar official shall be appointed (either privately or by a court) for the Borrower or any of its Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.6 (d) shall be instituted against the Borrower or any
of its Subsidiaries and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of 60 consecutive days. 
  
 7.8 Any court, government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control of (each a
“Condemnation”), all or any portion of the Property of the Borrower and its Subsidiaries which, when taken together with all other Property of the Borrower and its Subsidiaries so condemned, seized, appropriated, or taken custody or
control of, during the twelve-month period ending with the month in which any such Condemnation occurs, constitutes a Substantial Portion. 
  
 7.9 The Borrower or any of its Subsidiaries shall fail within 60 days to pay, bond or otherwise discharge any judgment or order for the payment of money
in excess of $25,000,000, which is not stayed on appeal or otherwise being appropriately contested in good faith. 
  
 7.10 The Unfunded Liabilities of all Single Employer Plans shall exceed in the aggregate $15,000,000 or any Reportable Event, the occurrence of which may
reasonably be expected to give rise to Material Adverse Effect, shall occur in connection with any Plan. 
  
 7.11 The Borrower or any other member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that it has incurred
withdrawal liability to such Multiemployer Plan in an amount which, when aggregated with all other amounts required to be paid to Multiemployer Plans by the Borrower or any other member of the Controlled Group as withdrawal liability (determined as
of the date of such notification), exceeds $15,000,000 or requires payments exceeding $5,000,000 per annum. 
  
 7.12 The Borrower or any other member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan
is in reorganization or is being terminated, within the meaning of Title IV of ERISA, if as a result of such reorganization or termination the aggregate annual contributions of the Borrower and the other members of the Controlled Group (taken as a
whole) to all Multiemployer Plans which are then in reorganization or being terminated have been or will be increased over the amounts contributed to such Multiemployer Plans for the respective plan years of each such Multiemployer Plan immediately
preceding the plan year in which the reorganization or termination occurs by an amount exceeding $15,000,000. 
  

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 7.13 The Borrower or any of its Subsidiaries shall be the subject of any proceeding or investigation
pertaining to the release by the Borrower or any such Subsidiary, or any other Person of any toxic or hazardous waste or substance into the environment, or any violation of any environmental, health or safety law or regulation of any Governmental
Authority, which, in either case, could reasonably be expected to have a Material Adverse Effect. 
  
 7.14 Any Guaranty or other Loan Document shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the
invalidity or unenforceability of any Guaranty or other Loan Document, or any Guarantor shall fail to perform its obligations under or otherwise comply with any of the terms or provisions of any Guaranty to which it is a party, or any Guarantor
shall deny that it has any further liability under any Guaranty to which it is a party, or shall give notice to such effect. 
  
 7.15 Any Change in Control shall occur. 
  
 ARTICLE VIII. 
  
 ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 
  
 8.1. Acceleration. If any Default described in Section 7.6 or 7.7 occurs, the obligations of the Lenders to make Revolving Loans or purchase
participations in Letters of Credit or Swing Line Loans hereunder and the obligation of the Agent to issue Letters of Credit hereunder shall automatically terminate and the Obligations (other than Hedging Obligations) shall immediately become due
and payable without any election or action on the part of the Agent or any Lender, and without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives. If any other Default occurs, the Required Lenders
may (a) terminate or suspend the obligations of the Lenders to make Loans and purchase participations in Letters of Credit or Swing Line Loans hereunder, whereupon the obligation of the Agent to issue Letters of Credit hereunder shall also terminate
or be suspended, or (b) declare the Obligations (other than Hedging Obligations) to be due and payable, whereupon the Obligations (other than Hedging Obligations) shall become immediately due and payable, without presentment, demand, protest or
notice of any kind, all of which the Borrower hereby expressly waives, or (c) take the action described in both the preceding clause (a) and the preceding clause (b). 
  
 If, within 30 days after acceleration of the maturity of the Obligations or termination of the obligations of the Lenders to
make Loans hereunder as a result of any Default (other than any Default as described in Section 7.6 or 7.7) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their
sole discretion) shall so direct, the Agent shall, by notice to the Borrower, rescind and annul such acceleration and/or termination. 
  
 8.2. Amendments. Subject to the provisions of this Article VIII, the Required Lenders (or the Agent with the consent in writing of the Required
Lenders) and the Borrower may enter into agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan Documents or changing in any manner the rights of the Lenders and the Borrower hereunder or waiving any Default
hereunder; provided, however, that no such supplemental agreement shall, without the consent of each Lender affected thereby: 
  
 (a) extend the maturity of any Loan, Note or Reimbursement Obligation or forgive all or any portion of the principal amount thereof, any
interest thereon or any fees or other amounts payable hereunder, or reduce the rate or extend the time of payment of interest, fees or other amounts payable hereunder; 
  

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 (b) reduce the percentage specified in the definition of Required Lenders; 
  
 (c) reduce the amount or extend the payment date for the
mandatory payments required under Section 2.3 or Section 2.19, or increase the amount of the Commitment of any Lender hereunder, or permit the Borrower to assign its rights or obligations under this Agreement; 
  
 (d) amend this Section 8.2; or 
  
 (e) release any Guarantor, other than in accordance with
Section 6.20(b). 
  
 No amendment of any provision of this Agreement relating in
any way to the Agent or any or all of the Letters of Credit shall be effective without the written consent of the Agent. No amendment of any provision of this Agreement relating to Swing Line Loans shall be effective without the written consent of
the Swing Line Lender. No amendment of Section 2.6.2 shall be effective without the written consent of the Lenders in the aggregate having at least 51% of the aggregate principal amount of the 364-Day Loans. The Agent may waive payment of the fee
required under Section 12.3.2 without obtaining the consent of any other party to this Agreement. Notwithstanding the foregoing, this Agreement may be amended in accordance with Section 2.21 with the consent of the Agent and the lenders providing
such Additional Loans (and without the consent of any other Lender). 
  
 8.3. Preservation of Rights. No delay or omission of the Lenders or any of them or the Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence
therein, and the making of a Loan notwithstanding the existence of a Default or the inability of the Borrower to satisfy the conditions precedent to such Loan shall not constitute any waiver or acquiescence. Any single or partial exercise of any
such right shall not preclude any other or further exercise thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in
writing signed by (or with the consent of) the Lenders required pursuant to Section 8.2, and then only to the extent specifically set forth in such writing. All remedies contained in the Loan Documents or afforded by law shall be cumulative and all
shall be available to the Agent and the Lenders until the Obligations have been paid in full. 
  
 ARTICLE IX. 
  
 GENERAL
PROVISIONS 
  
 9.1. Survival of Representations. All
representations and warranties of the Borrower contained in this Agreement shall survive delivery of the Notes and the making of the Loans herein contemplated. 
  

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 9.2. Governmental Regulation. Anything contained in this Agreement to the contrary
notwithstanding, no Lender shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 
  
 9.3. Stamp Duties. The Borrower shall pay and forthwith on demand indemnify each of the Agent and each Lender against
any liability it incurs in respect of any stamp, registration and similar tax which is or becomes payable in connection with the entry into, performance or enforcement of any Loan Document (“Other Taxes”). 
  
 9.4. Headings. Section headings in the Loan Documents are for
convenience of reference only and shall not govern the interpretation of any of the provisions of the Loan Documents. 
  
 9.5. Integration. This Agreement, the other Loan Documents and the Agent Agreements represent the entire agreement of the Borrower, the Agent, the
Arrangers and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Agent, any Arranger or any Lender relative to the subject matter hereof not expressly set
forth or referred to herein, in the other Loan Documents or in the Agent Agreements. 
  
 9.6. Several Obligations; Benefits of this Agreement. The respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent
to which the Agent is authorized to act as such). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer
any right or benefit upon any Person other than the parties to this Agreement (and their Affiliates and respective directors, officers and employees with respect to Section 9.7) and their respective successors and assigns, provided, however, that
the parties hereto expressly agree that each Arranger shall enjoy the benefits of the provisions of Sections 9.7, 9.11 and 10.10 to the extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and
in its own name to the same extent as if it were a party to this Agreement. 
  
 9.7. Expenses; Indemnification. The Borrower shall reimburse the Agent and each of the Arrangers for any reasonable costs, internal charges and out-of-pocket expenses (including reasonable attorneys’ fees
and time charges of attorneys for the Agent or the Arrangers, which attorneys may be employees of the Agent or the Arrangers) paid or incurred by the Agent or either Arranger in connection with the preparation, negotiation, execution, delivery,
review, amendment, modification, and administration of the Loan Documents; provided that the Borrower’s obligation to reimburse the Agent and each of the Arrangers for the fees, disbursements and other charges of counsel incurred prior to and
including the Effective Date (but not the fees, disbursements and other charges of counsel incurred for which reimbursement is sought pursuant to the Borrower’s indemnification obligations otherwise set forth herein) is limited as set forth in
the Agent Agreements. The Borrower also agrees to reimburse the Agent, 
  

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 the Arrangers and the Lenders for any reasonable costs, internal charges and out-of-pocket expenses (including reasonable
attorneys’ fees and time charges of attorneys for the Agent, the Arrangers and the Lenders, which attorneys may be employees of the Agent, the Arrangers or the Lenders) paid or incurred by the Agent, either Arranger or any Lender in connection
with the collection and enforcement of the Loan Documents. The Borrower further agrees to indemnify the Agent, each Arranger, each Lender and their respective Affiliates, and such entities’ respective directors, officers, employees and agents
(each an “Indemnitee”) against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all reasonable expenses of litigation or preparation therefor whether or not the Agent,
either Arranger or any Lender is a party thereto) which any of them may pay or incur arising out of or relating to this Agreement, the other Loan Documents, the transactions contemplated hereby or the direct or indirect application or proposed
application of the proceeds of any Loan or Letter of Credit hereunder except to the extent that such losses, claims, damages, penalties, judgments, liabilities and expenses are found in a final judgment by a court of competent jurisdiction to have
arisen solely from the Gross Negligence or willful misconduct of such Indemnitee. The obligations of the Borrower under this Section shall survive the termination of this Agreement. 
  
 9.8. Numbers of Documents. All statements, notices, closing documents, and requests hereunder shall be furnished to
the Agent with sufficient counterparts so that the Agent may furnish one to each of the Lenders. 
  
 9.9. Accounting. Except as provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations
hereunder shall be made in accordance with Agreement Accounting Principles; provided, however, that to the extent that any change in GAAP shall alter the result of any financial covenant or test or any other accounting determination to be computed
or made hereunder, the Borrower agrees that such covenant, test or other determination shall continue to be computed or made on the basis of Agreement Accounting Principles as in effect prior to such change in GAAP, unless the Required Lenders shall
otherwise consent. 
  
 9.10. Severability of Provisions.
Any provision in any Loan Document that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that
jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable. 
  
 9.11. Nonliability of Lenders. The relationship between the Borrower, on the one hand, and the Lenders and the Agent,
on the other hand, shall be solely that of borrower and lender. None of the Agent, either Arranger or any Lender shall have any fiduciary responsibilities to the Borrower or any of its Subsidiaries. None of the Agent, the Arrangers or the Lenders
undertakes any responsibility to the Borrower or any of its Subsidiaries to review or inform the Borrower or any of its Subsidiaries of any matter in connection with any phase of the business or operations of the Borrower or any of its Subsidiaries.
None of the Agents, the Arrangers or the Lenders shall have any liability with respect to, and the Borrower hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages suffered by the Borrower in
connection with, arising out of, or in any way related to the Loan Documents or the transactions contemplated thereby. No Indemnitee shall be liable for any damages arising from the use by 
  

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 unauthorized Persons of information or other materials sent through electronic, telecommunications or other information
transmission systems that are intercepted by such Persons. 
  
 9.12. Choice of Law. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD
TO THE PRINCIPLES OF CONFLICT OF LAWS THEREOF OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. 
  
 9.13. Consent to Jurisdiction. THE BORROWER HEREBY IRREVOCABLY SUBMITS
TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR GEORGIA STATE COURT SITTING IN ATLANTA IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND THE BORROWER HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN
RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS
AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT OR ANY LENDER TO BRING PROCEEDINGS AGAINST THE BORROWER IN THE COURTS OF ANY OTHER JURISDICTION. 
  
 9.14. Waiver of Jury Trial. THE BORROWER, THE AGENT, EACH ARRANGER AND EACH LENDER HEREBY WAIVE TRIAL BY JURY IN ANY
JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER. 
  
 9.15. Confidentiality. Each of the Agent, each Arranger and each
Lender agrees to hold any confidential information which it may receive from the Borrower or any of its Subsidiaries pursuant to this Agreement in confidence, except for disclosure (a) to other Lenders or their respective affiliates, (b) to legal
counsel, accountants, and other professional advisors to that Lender or to a Transferee, (c) to regulatory officials and examiners, (d) to any Person as requested pursuant to or as required by law, regulation, or legal process, (e) to any Person in
connection with any legal proceeding to which that Lender is a party, and (f) permitted by Section 12.4; provided, however, with respect to any disclosure pursuant to subsections (d) and (e), the Agent, such Arranger or such Lender, as applicable,
uses its best efforts to notify the Borrower in writing immediately upon its or their receipt of any demand for such disclosures except to the extent such notice to the Borrower is prohibited by any law or regulatory authority. 
  

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 ARTICLE X. 
  

THE AGENT 
  
 10.1. Appointment. SunTrust is hereby appointed Agent hereunder and under each other Loan Document, and each of the Lenders irrevocably authorizes
the Agent to act as the agent of such Lender. The Agent agrees to act as such upon the express conditions contained in this Article X. The Agent shall not have a fiduciary relationship in respect of the Borrower, any Subsidiary of the Borrower or
any Lender by reason of this Agreement. 
  
 10.2. Powers.
The Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Agent by the terms of each thereof, together with such powers as are reasonably incidental thereto. The Agent shall have no implied
duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Agent. 
  
 10.3. General Immunity. Neither the Agent nor any of its directors, officers, agents or employees shall be liable to
any or all of the Borrower, any Subsidiary of the Borrower or the Lenders for any action taken or omitted to be taken by it or them hereunder or under any other Loan Document or in connection herewith or therewith, except to the extent that such
action or inaction is found in a final judgment by a court of competent jurisdiction to have arisen solely from the Gross Negligence or willful misconduct of such Person. 
  
 10.4. No Responsibility for Loans, Recitals, Etc. Neither the Agent nor any of its directors, officers, agents or
employees shall be responsible for or have any duty to ascertain, inquire into, or verify (a) any statement, warranty or representation made in connection with any Loan Document or any borrowing hereunder; (b) the performance or observance of any of
the covenants or agreements of any obligor under any Loan Document, including, without limitation, any agreement by an obligor to furnish information directly to each Lender; (c) the satisfaction of any condition specified in Article IV, except
receipt of items required to be delivered to the Agent; or (d) the validity, effectiveness or genuineness of any Loan Document or any other instrument or writing furnished in connection therewith. The Agent shall have no duty to disclose to the
Lenders information that is not required to be furnished by the Borrower to the Agent at such time, but is voluntarily furnished by the Borrower to the Agent (either in its capacity as Agent or in its individual capacity). 
  
 10.5. Action on Instructions of Lenders. The Agent shall in all cases
be fully protected in acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders or, in the case of any act or failure to act calculated to give rise to
any of the events or circumstances described in clauses (a) through (e) of Section 8.2, each affected Lender, and such instructions and any action taken or failure to act pursuant thereto shall be binding on all of the Lenders and on all holders of
Notes. The Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document unless it shall first be indemnified to its satisfaction by the Lenders pro rata against any and all liability, cost and
expense that it may incur by reason of taking or continuing to take any such action. 
  
 10.6. Employment of Agents and Counsel. The Agent may execute any of its duties as Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact and shall not be
answerable to the Lenders, except as to money or securities received by it or its authorized agents, for the default or misconduct of any such agents or 
  

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 attorneys-in-fact selected by it with reasonable care. The Agent shall be entitled to advice of counsel concerning all
matters pertaining to the agency hereby created and its duties hereunder and under any other Loan Document. 
  
 10.7. Reliance on Documents; Counsel. The Agent shall be entitled to rely upon any Note, notice, consent, certificate, affidavit, letter, telegram,
statement, paper or document believed by it to be genuine and correct and to have been signed or sent by the proper person or persons, and, in respect of legal matters, upon the opinion of counsel selected by the Agent, which counsel may be
employees of the Agent. 
  
 10.8. Agent’s Reimbursement
and Indemnification. The Lenders agree to reimburse and indemnify the Agent ratably in proportion to their respective Commitments (a) for any amounts not reimbursed by the Borrower for which the Agent is entitled to reimbursement by the Borrower
under the Loan Documents, (b) for any amounts not reimbursed by the Borrower for any other expenses incurred by the Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Loan
Documents and (c) for any amounts not reimbursed by the Borrower for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be imposed on,
incurred by or asserted against the Agent in any way relating to or arising out of the Loan Documents or any other document delivered in connection therewith or the transactions contemplated thereby, or the enforcement of any of the terms thereof or
of any such other documents, provided that no Lender shall be liable for any of the foregoing to the extent they are determined in a final judgment of a court of competent jurisdiction to have arisen solely from the Gross Negligence or willful
misconduct of the Agent. The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. 
  
 10.9. Rights as a Lender. In the event the Agent is a Lender, the Agent shall have the same rights and powers hereunder and under any other Loan
Document as any Lender and may exercise the same as though it were not the Agent, and the term “Lender” or “Lenders” shall, at any time when the Agent is a Lender, unless the context otherwise indicates, include the Agent
in its individual capacity. The Agent may accept deposits from, lend money to, and generally engage in any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with the
Borrower or any of its Subsidiaries in which the Borrower or any of its Subsidiaries is not restricted hereby from engaging with any other Person. The Agent, in its individual capacity, is not obligated to remain a Lender; provided, however, that in
the event that the Agent ceases to be a Lender hereunder, the Required Lenders may remove the Agent and appoint a successor Agent, if no Default has occurred and is continuing, with the consent of the Borrower. 
  
 10.10. Lender Credit Decision. Each Lender acknowledges that it has,
independently and without reliance upon the Agent, either Arranger or any other Lender and based on the financial statements prepared by the Borrower and such other documents and information as it has deemed appropriate, made its own credit analysis
and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Agent, either Arranger or any other Lender and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement and the other Loan Documents. 
  

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 10.11. Successor Agent . The Agent may resign at any time by giving written notice thereof to the
Lenders and the Borrower, such resignation to be effective upon the appointment of a successor Agent or, if no successor Agent has been appointed, 45 days after the resigning Agent gives notice of its intention to resign. Upon any such resignation
the Required Lenders shall have the right to appoint, on behalf of the Borrower and the Lenders, a successor Agent. If no successor Agent shall have been so appointed by the Required Lenders within 30 days after the resigning Agent’s giving
notice of its intention to resign, then the resigning Agent may appoint, on behalf of the Borrower and the Lenders, a successor Agent. If the Agent has resigned and no successor Agent has been appointed, the Lenders may perform all the duties of the
Agent hereunder and the Borrower shall make all payments in respect of the Obligations to the applicable Lender and for all other purposes shall deal directly with the Lenders. No successor Agent shall be deemed to be appointed hereunder until such
successor Agent has accepted the appointment and, if no Default or Unmatured Default has occurred and is continuing, the Borrower has consented to such appointment. Any such successor Agent shall be a commercial bank having capital and retained
earnings of at least $500,000,000. Upon the acceptance of any appointment as Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the resigning
Agent, shall be obligated to issue substitute letters of credit for the outstanding Letters of Credit issued by the resigning Agent or otherwise to provide credit assurance satisfactory to the resigning Agent with respect to such outstanding Letters
of Credit. Upon the effectiveness of the resignation of the Agent, the resigning Agent shall be discharged from its duties and obligations hereunder and under the Loan Documents. After the effectiveness of the resignation of an Agent, the provisions
of this Article X shall continue in effect for the benefit of such Agent in respect of any actions taken or omitted to be taken by it while it was acting as the Agent hereunder and under the other Loan Documents. 
  
 10.12. Agent’s Fee. The Borrower agrees to pay to the Agent, for
its own account, the fees agreed to by the Borrower and the Agent by separate letter agreement, or as otherwise agreed from time to time. 
  
 10.13. Syndication Agents, Documentation Agents, etc. None of the Lenders identified in this Agreement as a “Joint Syndication
Agent” or as a “Co-Documentation Agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing,
none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to such Lenders as it makes with respect to the Agent in Section 10.10. None of the
Arrangers, CIBC World Markets Corp., in its capacity as a Co-Documentation Agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as a Co-Documentation Agent or Wachovia Capital Markets, LLC, in its capacity as
Co-Documentation Agent, shall have any obligation, liability, responsibility or duty under this Agreement. 
  
 10.14. Notice of Default. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Unmatured Default hereunder
unless the Agent has received 
  

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 written notice from a Lender or the Borrower referring to this Agreement describing such Default or Unmatured Default and
stating that such notice is a “notice of default.” In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the Lenders. 
  
 10.15. Guarantor Releases. The Lenders hereby empower and authorize the Agent to execute and deliver to the Borrower
or any Guarantor on their behalf any agreements, documents or instruments as shall be necessary or appropriate to effect any release of a Guarantor which shall be permitted by the terms hereof or which shall otherwise have been approved by the
Required Lenders (or, if required by the terms of Section 8.2, all of the Lenders) in writing. 
  
 ARTICLE XI. 
  
 SETOFF;
RATABLE PAYMENTS 
  
 11.1. Setoff. In addition to, and
without limitation of, any rights of the Lenders under applicable law, if the Borrower becomes insolvent, however evidenced, or any Default occurs, any and all deposits (including all account balances, whether provisional or final and whether or not
collected or available) and any other Indebtedness at any time held or owing by any Lender to or for the credit or account of the Borrower may be offset and applied toward the payment of the Obligations owing to such Lender, whether or not the
Obligations, or any part hereof, shall then be due. Each Lender shall give the Borrower prompt notice of any setoff made by such Lender pursuant hereto. 
  
 11.2. Ratable Payments. If any Lender, whether by setoff or otherwise (other than pursuant to Section 3.5 and Article XII), has payment made to it
upon its Revolving Loans, Term Loan or 364-Day Loan (other than payments received pursuant to Section 3.1, 3.2 or 3.4) in a greater proportion than that received by any other Lender holding Revolving Loans, a Term Loan or a 364-Day Loan, as
applicable, such Lender agrees, promptly upon demand, to purchase a portion of the Revolving Loans, Term Loans or 364-Day Loan, as applicable held by the other Lenders so that after such purchase each Lender will hold its ratable proportion of
Revolving Loans, Term Loan and 364-Day Loan. If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Obligations or such amounts which may be subject
to setoff, such Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to their Revolving Loans, Term Loans and 364-Day Loans. In case any such payment
is disturbed by legal process, or otherwise, appropriate further adjustments shall be made. 
  
 ARTICLE XII. 
  
 BENEFIT
OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
  
 12.1.
Successors and Assigns. The terms and provisions of the Loan Documents shall be binding upon and inure to the benefit of the Borrower, the Agent and the Lenders and their respective successors and assigns, except that (a) the Borrower shall
not have the right to assign its rights or obligations under the Loan Documents without the consent of all of the Lenders and (b) any assignment by any Lender must be made in compliance with Section 12.3. 
  

 71 

 Notwithstanding clause (b) of the preceding sentence, any Lender may at any time, without the consent of the Borrower or
the Agent, assign all or any portion of its rights under this Agreement and its Notes to a Federal Reserve Bank; provided, however, that no such assignment shall release the transferor Lender from its obligations hereunder. The Agent may treat the
payee of any Note as the owner thereof for all purposes hereof unless and until such payee complies with Section 12.3 in the case of an assignment thereof or, in the case of any other transfer, a written notice of the transfer is filed with the
Agent. Any assignee or transferee of a Note agrees by acceptance thereof to be bound by all the terms and provisions of the Loan Documents. Any request, authority or consent of any Person, who at the time of making such request or giving such
authority or consent is the holder of any Note, shall be conclusive and binding on any subsequent holder, transferee or assignee of such Note or of any Note or Notes issued in exchange therefor. 
  
 12.2. Participations. 
  
 12.2.1 Permitted Participants; Effect. Any Lender may, in the
ordinary course of its business and in accordance with applicable law, with contemporaneous notice to the Borrower, at any time sell to one or more banks or one or more other entities (each such bank or other entity being referred to herein as a
“Participant”) participating interests in all or any part of any Loan owing to such Lender, any Note held by such Lender, any L/C Interest held by such Lender, the Commitment of such Lender or any other interest of such Lender under
the Loan Documents. In the event of any such sale by a Lender of participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations, such Lender shall remain the holder of any such Note for all purposes under the Loan Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such Lender
had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under the Loan Documents. The Borrower agrees that
each Participant shall be entitled to the benefits of Sections 3.1, 3.2 and 3.4 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.3. A Participant shall not be entitled to receive any
greater payment under Sections 3.1, 3.2 and 3.4 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent. In addition, a Participant shall not be entitled to receive the benefits of Section 3.1(a) in the event that such Participant has not complied with the requirements of Section 2.18. The participation agreement
effecting the sale of any participating interest shall contain a representation by the Participant to the effect that none of the consideration used to make the purchase of the participating interest in the Commitment, Loans and L/C Interests under
such participation agreement are “plan assets” as defined under ERISA and that the rights and interests of the Participant in and under the Loan Documents will not be “plan assets” under ERISA. 
  
 12.2.2 Voting Rights. Any participation agreement effecting the sale
of any participation interest between a Lender and a Participant shall provide that such Lender shall retain the sole right and responsibility to enforce the Loan Documents and the right to approve any amendment, modification or waiver of the Loan
Documents; provided, that such 
  

 72 

 participation agreement may provide that such Lender will not, without the consent of the Participant, agree to any
amendment, modification or waiver of any provision of the Loan Documents with respect to any Loan, L/C Interest or Commitment in which such Participant has an interest which forgives principal, interest or fees or reduces the interest rate or fees
payable with respect to any such Loan, L/C Interest or Commitment, postpones any date fixed for any regularly-scheduled payment of principal of, or interest or fees on, any such Loan, L/C Interest or Commitment, releases any guarantor of any such
Loan or L/C Interest (other than in accordance with Section 6.20(b)), extends the maturity of any such Loan, L/C Interest or Commitment or increases the amount of such Commitment. 
  
 12.2.3 Benefit of Setoff. The Borrower agrees that to the extent permitted by applicable law each Participant shall
be deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender
under the Loan Documents, provided that each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests sold to each Participant. The Lenders agree to share with each Participant, and each
Participant shall be deemed to agree, by exercising the right of setoff provided in Section 11.1, to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with Section
11.2 as if each Participant were a Lender. 
  
 12.3.
Assignments. 
  
 12.3.1 Permitted Assignments. Any
Lender may, in the ordinary course of its business and in accordance with applicable law, at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its Revolving Commitment and outstanding Loans and
L/C Interests, together with its rights and obligations under the Loan Documents with respect thereto; provided, however, that (a) each such assignment shall be of a constant, and not a varying, percentage of all of the assigning Lender’s
rights and obligations so assigned as it relates to either Lender’s outstanding Term Loan, 364-Day Loan or Lender’s Revolving Commitment, outstanding Revolving Loans and L/C Interests; (b) the amount of the Revolving Commitment,
outstanding Revolving Loans and L/C Interests, Term Loan and 364-Day Loan outstanding of the assigning Lender being assigned pursuant to each such assignment (determined as of the date of such assignment) may be in the amount of such Lender’s
entire Revolving Commitment, outstanding Revolving Loans and L/C Interests, Term Loan or 364-Day Loan, but otherwise shall not be less than $5,000,000 or an integral multiple of $1,000,000 in excess of that amount unless otherwise consented to by
the Borrower and the Agent; and (c) notwithstanding the foregoing clause (b), if the assignment is made to a Lender, the amount of the Revolving Commitment, outstanding Revolving Loans and L/C Interests, Term Loan or 364-Day Loan assigned shall not
be less than $1,000,000 or an integral multiple thereof. Non pro-rata assignments shall be permitted. Such assignment shall be substantially in the form of Exhibit E hereto or in such other form as may be agreed to by the parties thereto. The
consent of the Borrower and the Agent shall be required prior to an assignment of Term Loan or 364-Day Loans becoming effective with respect to a Purchaser which is not a Lender or an Affiliate of a Lender; provided, however, that if a Default has
occurred and is continuing, the consent of the Borrower shall not be required, and the consent of the Agent shall be required prior to any assignment of the Revolving Credit Commitment, outstanding Revolving Loans and L/C Interests. Any consents
required by this Section 12.3.1 shall not be unreasonably withheld or delayed. 
  

 73 

 12.3.2 Effect; Effective Date. Upon the later of (i) two Business Days (or such shorter period
agreed to by the Agent) after (a) delivery to the Agent of a notice of assignment, substantially in the form attached to Exhibit E hereto (a “Notice of Assignment”), together with any consents required by Section 12.3.1, and (b)
payment of a $1,000 fee to the Agent for processing such assignment, and (ii) the date certain specified in such Notice of Assignment, such assignment shall become effective; provided that the Agent hereby waives payment of such fee in connection
with any such assignment that shall become effective during the One Month Interest Period Syndication Period. The Agent shall, solely for this purpose as agent of the Borrower, maintain a copy of each Notice of Assignment delivered to it and a
register for the recordation of the names and addresses of the Lenders and the principal amount of the obligations under the Loan Documents owing to each Lender from time to time. The Agent will confirm to any Lender, upon reasonable request, the
amount of such Lender’s Revolving Commitment and the principal amount of the obligations under the Loan Documents owing to such Lender from time to time. The Notice of Assignment shall contain a representation by the Purchaser to the effect
that none of the consideration used to make the purchase of the Revolving Commitment and Loans under the applicable assignment agreement are “plan assets” as defined under ERISA and that the rights and interests of the Purchaser in and
under the Loan Documents will not be “plan assets” under ERISA. On and after the effective date of such assignment, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by the
Lenders and shall have all the rights and obligations of a Lender under the Loan Documents, to the same extent as if it were an original party hereto and thereto, and no further consent or action by the Borrower, the Lenders or the Agent shall be
required to release the transferor Lender with respect to the percentage of the Aggregate Commitment and Loans assigned to such Purchaser. Upon the consummation of any assignment to a Purchaser pursuant to this Section 12.3.2, the transferor Lender,
the Agent, and the Borrower shall make appropriate arrangements so that replacement Notes, if applicable, are issued to such transferor Lender and new Notes or, as appropriate, replacement Notes, if requested, are issued to such Purchaser, in each
case in principal amounts reflecting its Revolving Commitment and amounts owed to it under its outstanding Revolving Loan, Term Loan and 364-Day Loan, as adjusted pursuant to such assignment. 
  
 12.4. Dissemination of Information. The Borrower authorizes each
Lender to disclose to any Participant or Purchaser or any other Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and any prospective Transferee any and all information in such
Lender’s possession concerning the creditworthiness of the Borrower and its Subsidiaries; provided that each Transferee and prospective Transferee agrees to be bound by Section 9.15 or a confidentiality agreement containing provisions
substantially similar to Section 9.15. 
  
 12.5. Tax
Treatment. If any interest in any Loan Document 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, to comply with the provisions of Section 2.18. 
  

 74 

 ARTICLE XIII. 
  
 NOTICES 
  
 13.1. Notices. Except as otherwise permitted by Section 2.14 with respect to borrowing notices, all notices, requests and other communications to
any party hereunder shall be in writing (including electronic transmission, facsimile transmission or similar writing) and shall be given to such party: (x) in the case of the Borrower or the Agent, at its address or facsimile number set forth on
the signature pages hereof, (y) in the case of any Lender, at its address or facsimile number set forth in its administrative questionnaire or (z) in the case of any party, at such other address or facsimile number as such party may hereafter
specify for the purpose by notice to the Agent and the Borrower in accordance with the provisions of this Section 13.1. Each such notice, request or other communication shall be effective (i) if given by facsimile transmission, when transmitted to
the facsimile number specified in this Section and confirmation of receipt is received, (ii) if given by mail, 72 hours after such communication is deposited in the mails with first class postage prepaid, addressed as aforesaid, or (iii) if given by
any other means, when delivered (or, in the case of electronic transmission, received) at the address specified in this Section; provided that notices to the Agent under Article II shall not be effective until received. 
  
 13.2. Change of Address. The Borrower and the Agent may each change
the address for service of notice upon it by a notice in writing to the other parties hereto. Any Lender may change the address for service of notice upon it by a notice in writing to the Borrower and the Agent. 
  
 ARTICLE XIV. 
  
 COUNTERPARTS 
  
 This Agreement may be executed in any number of counterparts, all of which
taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. Subject to Section 4.1, this Agreement shall be effective when it has been executed by the Borrower, the Agent
and the Lenders and each party has notified the Agent by facsimile transmission or otherwise in writing that it has taken such action. 
  
 {Signature Pages Follow} 
  
  

 75 

 IN WITNESS WHEREOF, the Borrower, the Lenders and the Agent have executed this Agreement as of the date
first above written. 
  

			
	OMNICARE, INC.
		
	By:	 	 /S/ DAVID W. FROESEL, JR.

	 	 	 Name:  David W. Froesel, Jr.

	 	 	 Title:    Senior Vice President and
              Chief Financial Officer

  

	
	1600 RiverCenter II
	100 East RiverCenter Boulevard
	Covington, Kentucky 41011
	Attn: Chief Financial Officer and General Counsel
	Facsimile No. (859) 392-3360
	
	with a copy of notices to:
	
	Dewey Ballantine LLP
	1301 Avenue of the Americas
	New York, New York 10019
	Attn: Gregory Owens
	Facsimile No. (212) 259-6333

  

	
	Omnicare, Inc.
	Credit Agreement
	Dated as of July 28, 2005

  
  

			
	 SUNTRUST BANK,
as a Lender and as Administrative Agent

		
	By:	 	 /S/ MARK D. MATTSON

	 	 	 Name:  Mark D. Mattson

	 	 	 Title:    Managing Director

  

			
	Address:
	
	201 Fourth Avenue North
	Nashville, Tennessee 37219
	Attention:	 	 Mark D. Mattson

	Facsimile No.: (615) 748-5269
	
	with a copy of notices to:
	
	Latham & Watkins LLP
	Suite 1000
	885 Third Avenue
	New York, NY 10022
	Attention: Christopher Plaut
	Facsimile No.: (212) 751-4864
	
	 Omnicare, Inc.
 Credit Agreement
 Dated as of July 28, 2005

			
	 JPMORGAN CHASE BANK, N.A.
as a Lender and a Joint Syndication Agent

		
	By:	 	 /S/ GARY L. SPEVACK

	
	 Name:  Gary L. Spevack

	 Title:    Vice President

	
	Omnicare, Inc.
	Credit Agreement
	Dated as of July 28, 2005

  
  

			
	 CIBC, Inc., as a Lender

		
	By:	 	 /s/ DOUG CORNETT

	 	 	 Name:  Doug Cornett

	 	 	 Title:    Authorized Signatory

  

			
	 CIBC WORLD MARKETS CORP.,
as a Co-Documentation Agent

		
	By:	 	 /s/ DOUG CORNETT

	 	 	 Name:  Doug Cornett

	 	 	 Title:    Managing Director

	
	 Omnicare, Inc.
 Credit Agreement
 Dated as of July 28, 2005

			
	 LEHMAN COMMERCIAL PAPER INC.,
as a Lender

		
	By:	 	 /s/ CRAIG MALLOY

	 	 	 Name:  Craig Malloy

	 	 	 Title:    Authorized Signatory

  

			
	 LEHMAN BROTHERS, INC.
as a Joint Syndication Agent

		
	By:	 	  
 /s/ CRAIG MALLOY

	 	 	 Name:  Craig Malloy

	 	 	 Title:    Vice President

  

	
	Omnicare, Inc.
	Credit Agreement
	Dated as of July 28, 2005

  
  

			
	 MERRILL LYNCH BANK USA,
as a Lender

		
	By:	 	 /S/ LOUIS ALDER

	 	 	 Name:  Louis Alder

	 	 	 Title:    Director

  

			
	 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
as a Co-Documentation Agent

		
	By:	 	 /S/ MICHAEL E. O’BRIEN

	 	 	 Name:  Michael E. O’Brien

	 	 	 Title:    Vice President

  

	
	Omnicare, Inc.
	Credit Agreement
	Dated as of July 28, 2005

  

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,

     as a Lender

		
	By:	 	 /S/ KEVIN P. SHEA

	 	 	 Name:  Kevin P. Shea

	 	 	 Title:    Vice President

  

			
	 WACHOVIA CAPITAL MARKETS, LLC
as a Co-Documentation Agent

		
	By:	 	 /S/ KEVIN P. SHEA

	 	 	 Name:  Kevin P. Shea

	 	 	 Title:    Vice President

  

	
	Omnicare, Inc.
	Credit Agreement
	Dated as of July 28, 2005

  

 SCHEDULE I 
  

PRICING SCHEDULE 
  

																			
	 STATUS

	  	LEVEL I
STATUS

	 	 	LEVEL II
STATUS

	 	 	LEVEL III
STATUS

	 	 	LEVEL IV
STATUS

	 	 	LEVEL V
STATUS

	 	 	LEVEL VI
STATUS

	 
	 Applicable Margin
	  	0.50	%	 	0.625	%	 	0.75	%	 	1.00	%	 	1.25	%	 	1.75	%
	 Applicable Commitment Fee Rate
	  	0.125	%	 	0.15	%	 	0.175	%	 	0.225	%	 	0.25	%	 	0.375	%
	 Applicable Letter of Credit Fee Rate
	  	0.50	%	 	0.625	%	 	0.75	%	 	1.00	%	 	1.25	%	 	1.75	%

  
 For the purposes of
this Schedule, the following terms have the following meanings, subject to the final paragraph of this Schedule: 
  
 “Level I Status” exists at any date if, on such date, the Borrower’s Moody’s Rating is Baa1 or better or the Borrower’s
S&P Rating is BBB+ or better. 
  
 “Level II
Status” exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status and (ii) the Borrower’s Moody’s Rating is Baa2 or better or the Borrower’s S&P Rating is BBB or better. 
  
 “Level III Status” exists at any date if, on such date, (i)
the Borrower has not qualified for Level I Status or Level II Status and (ii) the Borrower’s Moody’s Rating is Baa3 or better or the Borrower’s S&P Rating is BBB- or better. 
  
 “Level IV Status” exists at any date if, on such date, (i)
the Borrower has not qualified for Level I Status, Level II Status or Level III Status and (ii) the Borrower’s Moody’s Rating is Ba1 or better or the Borrower’s S&P Rating is BB+ or better. 
  
 “Level V Status” exists at any date if, on such date, (i)
the Borrower has not qualified for Level I Status, Level II Status, Level III Status, or Level IV Status and (ii) the Borrower’s Moody’s Rating is Ba2 or better or the Borrower’s S&P Rating is BB or better. 
  
 “Level VI Status” exists at any date if, on such date, the
Borrower has not qualified for Level I Status, Level II Status, Level III Status, Level IV Status or Level V Status. 
  

 1 

 “Moody’s Rating” means, at any time, the rating issued by Moody’s Investors
Service, Inc. and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third-party credit enhancement. 
  
 “S&P Rating” means, at any time, the rating issued by Standard & Poor’s Rating Services, a division of The McGraw-Hill
Companies, Inc. and then in effect with respect to the Borrower’s senior unsecured long-term debt securities without third party credit enhancement. 
  
 “Status” means either Level I Status, Level II Status, Level III Status, Level IV Status, Level V Status or Level VI Status. 

 
 The Applicable Margin, Applicable Commitment Fee Rate and Applicable
Letter of Credit Fee Rate shall be determined in accordance with the foregoing table based on the Borrower’s Status as determined from its then-current Moody’s and S&P Ratings. The credit rating in effect on any date for the purposes
of this Schedule is that in effect at the close of business on such date. If at any time the Borrower has no Moody’s Rating or no S&P Rating, Level VI Status shall exist, provided that if either S&P or Moody’s shall no longer
provide debt ratings for companies in the Borrower’s industry generally, the Borrower may substitute for either such rating organization another nationally recognized statistical rating organization, the corresponding ratings of which shall be
used to determined the Borrower’s Status. If the Borrower is split-rated and the ratings differential is one level, the higher rating will apply. If the Borrower is split-rated and the ratings differential is two levels, the intermediate rating
at the midpoint will apply. If the Borrower is split-rated and the ratings differential is more than two levels, the rating that is one level above the lowest rating will apply. 
  
  

 2

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