Document:

EX-10.1

 

Exhibit
10.1

EXECUTION COPY

 

$460,000,000

FIRST LIEN CREDIT AGREEMENT

among

VELO HOLDINGS INC.,

as a Guarantor,

VELO ACQUISITION INC.,

as Initial Borrower,

VERTRUE INCORPORATED,

as Company or Surviving Borrower, as applicable,

The Several Lenders from Time to Time Parties Hereto,

LEHMAN COMMERCIAL PAPER INC.,

as Administrative Agent and Collateral Agent,

JPMORGAN CHASE BANK, N.A.,

as Syndication Agent,

and

LEHMAN BROTHERS INC.

and

J.P. MORGAN SECURITIES INC.,

as Joint Lead Arrangers and Joint Bookrunners

Dated as of August 16, 2007

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	SECTION 1. DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	1.1 Defined Terms
	 	 	1	 
	1.2 Other Definitional Provisions
	 	 	30	 
	 
	 	 	 	 
	SECTION 2. AMOUNT AND TERMS OF COMMITMENTS
	 	 	31	 
	 
	 	 	 	 
	2.1 Term Commitments
	 	 	31	 
	2.2 Procedure for Term Loan Borrowing
	 	 	31	 
	2.3 Repayment of Term Loans
	 	 	31	 
	2.4 Revolving Commitments
	 	 	31	 
	2.5 Procedure for Revolving Loan Borrowing
	 	 	32	 
	2.6 Swingline Commitment
	 	 	32	 
	2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans
	 	 	33	 
	2.8 Repayment of Loans
	 	 	34	 
	2.9 Commitment Fees, etc.
	 	 	35	 
	2.10 Termination or Reduction of Revolving Commitments
	 	 	35	 
	2.11 Optional Prepayments
	 	 	36	 
	2.12 Mandatory Prepayments
	 	 	36	 
	2.13 Conversion and Continuation Options
	 	 	38	 
	2.14 Minimum Amounts and Maximum Number of Eurodollar Tranches
	 	 	39	 
	2.15 Interest Rates and Payment Dates
	 	 	39	 
	2.16 Computation of Interest and Fees
	 	 	39	 
	2.17 Inability to Determine Interest Rate
	 	 	40	 
	2.18 Pro Rata Treatment and Payments
	 	 	40	 
	2.19 Requirements of Law
	 	 	42	 
	2.20 Taxes
	 	 	43	 
	2.21 Indemnity
	 	 	45	 
	2.22 Illegality
	 	 	46	 
	2.23 Mitigation of Costs; Change of Lending Office
	 	 	46	 
	2.24 Replacement of Lenders
	 	 	46	 
	2.25 Incremental Loans
	 	 	47	 
	 
	 	 	 	 
	SECTION 3. LETTERS OF CREDIT
	 	 	48	 
	 
	 	 	 	 
	3.1 L/C Commitment
	 	 	48	 
	3.2 Procedure for Issuance of Letter of Credit
	 	 	49	 
	3.3 Fees and Other Charges
	 	 	49	 
	3.4 L/C Participations
	 	 	49	 
	3.5 Reimbursement Obligation of the Borrower
	 	 	51	 
	3.6 Obligations Absolute
	 	 	51	 
	3.7 Letter of Credit Payments
	 	 	51	 
	3.8 Applications
	 	 	52	 
	 
	 	 	 	 
	SECTION 4. REPRESENTATIONS AND WARRANTIES
	 	 	52	 
	 
	 	 	 	 
	4.1 Financial Condition
	 	 	52	 
	 
	 	 	 	 
	i

 

 

	 	 	 	 	 
	 	 	Page
	4.2 No Change
	 	 	53	 
	4.3 Existence; Compliance with Law
	 	 	53	 
	4.4 Corporate Power; Authorization; Enforceable Obligations
	 	 	53	 
	4.5 No Legal Bar
	 	 	54	 
	4.6 No Material Litigation
	 	 	54	 
	4.7 No Default
	 	 	54	 
	4.8 Ownership of Property; Liens
	 	 	54	 
	4.9 Intellectual Property
	 	 	55	 
	4.10 Taxes
	 	 	55	 
	4.11 Federal Regulations
	 	 	55	 
	4.12 ERISA
	 	 	55	 
	4.13 Investment Company Act
	 	 	56	 
	4.14 Subsidiaries
	 	 	56	 
	4.15 Environmental Matters
	 	 	56	 
	4.16 Accuracy of Information, etc.
	 	 	56	 
	4.17 Security Documents
	 	 	57	 
	4.18 Solvency
	 	 	57	 
	 
	 	 	 	 
	SECTION 5. CONDITIONS PRECEDENT
	 	 	58	 
	 
	 	 	 	 
	5.1 Conditions to Initial Extension of Credit
	 	 	58	 
	5.2 Conditions to Each Extension of Credit
	 	 	61	 
	 
	 	 	 	 
	SECTION 6. AFFIRMATIVE COVENANTS
	 	 	61	 
	 
	 	 	 	 
	6.1 Financial Statements
	 	 	62	 
	6.2 Certificates; Other Information
	 	 	63	 
	6.3 Payment of Obligations
	 	 	64	 
	6.4 Conduct of Business and Maintenance of Existence, etc.; Compliance
	 	 	64	 
	6.5 Maintenance of Property; Insurance
	 	 	64	 
	6.6 Inspection of Property; Books and Records; Discussions
	 	 	65	 
	6.7 Notices
	 	 	65	 
	6.8 Additional Collateral, etc.
	 	 	66	 
	6.9 Further Assurances
	 	 	68	 
	6.10 Use of Proceeds
	 	 	69	 
	6.11 Post-Closing Undertakings
	 	 	69	 
	 
	 	 	 	 
	SECTION 7. NEGATIVE COVENANTS
	 	 	69	 
	 
	 	 	 	 
	7.1 Consolidated Total Leverage Ratio
	 	 	69	 
	7.2 Indebtedness
	 	 	70	 
	7.3 Liens
	 	 	72	 
	7.4 Fundamental Changes
	 	 	74	 
	7.5 Dispositions of Property
	 	 	75	 
	7.6 Restricted Payments
	 	 	77	 
	7.7 Investments
	 	 	78	 
	7.8 Optional Payments and Modifications of Certain Debt Instruments
	 	 	81	 
	7.9 Transactions with Affiliates
	 	 	81	 
	7.10 Sales and Leasebacks
	 	 	81	 
	7.11 Changes in Fiscal Periods
	 	 	82	 
	 
	 	 	 	 
	ii

 

 

	 	 	 	 	 
	 	 	Page
	7.12 Negative Pledge Clauses
	 	 	82	 
	7.13 Clauses Restricting Subsidiary Distributions
	 	 	82	 
	7.14 Lines of Business
	 	 	83	 
	7.15 Limitation on Hedge Agreements
	 	 	83	 
	7.16 Limitation on Activities of Holdings
	 	 	83	 
	 
	 	 	 	 
	SECTION 8. EVENTS OF DEFAULT
	 	 	84	 
	 
	 	 	 	 
	SECTION 9. THE AGENTS
	 	 	88	 
	 
	 	 	 	 
	9.1 Appointment
	 	 	88	 
	9.2 Delegation of Duties
	 	 	88	 
	9.3 Exculpatory Provisions
	 	 	88	 
	9.4 Reliance by the Agents
	 	 	88	 
	9.5 Notice of Default
	 	 	89	 
	9.6 Non-Reliance on Agents and Other Lenders
	 	 	89	 
	9.7 Indemnification
	 	 	90	 
	9.8 Agent in Its Individual Capacity
	 	 	90	 
	9.9 Successor Agents
	 	 	90	 
	9.10 Authorization to Release Liens and Guarantees
	 	 	91	 
	9.11 Arranger and Other Agents
	 	 	91	 
	 
	 	 	 	 
	SECTION 10. MISCELLANEOUS
	 	 	91	 
	 
	 	 	 	 
	10.1 Amendments and Waivers
	 	 	91	 
	10.2 Notices
	 	 	92	 
	10.3 No Waiver; Cumulative Remedies
	 	 	94	 
	10.4 Survival of Representations and Warranties
	 	 	94	 
	10.5 Payment of Expenses; Indemnification
	 	 	94	 
	10.6 Successors and Assigns; Participations and Assignments
	 	 	96	 
	10.7 Adjustments; Set-off
	 	 	99	 
	10.8 Counterparts
	 	 	99	 
	10.9 Severability
	 	 	99	 
	10.10 Integration
	 	 	100	 
	10.11 GOVERNING LAW
	 	 	100	 
	10.12 Submission to Jurisdiction; Waivers
	 	 	100	 
	10.13 Acknowledgments
	 	 	100	 
	10.14 Confidentiality
	 	 	101	 
	10.15 Release of Collateral and Guarantee Obligations; Subordination of Liens
	 	 	101	 
	10.16 Accounting Changes
	 	 	102	 
	10.17 WAIVERS OF JURY TRIAL
	 	 	102	 
	10.18 USA PATRIOT ACT
	 	 	103	 
	10.19 Delivery of Lender Addenda
	 	 	103	 
	 
	 	 	 	 
	iii

 

 

SCHEDULES: 

	 	 	 
	4.1

	 	Obligations
	4.4

	 	Consents, Authorizations, Filings and Notices
	4.8A

	 	Excepted Property
	4.8B

	 	Owned Real Property
	4.14

	 	Subsidiaries
	4.17(a)

	 	UCC Filing Jurisdictions
	7.2(d)

	 	Existing Indebtedness
	7.3(f)

	 	Existing Liens
	7.7

	 	Existing Investments
	7.12

	 	Existing Negative Pledge Clauses
	7.13

	 	Existing Clauses Restricting Subsidiary Distributions

EXHIBITS:

	 	 	 
	A

	 	Form of Guarantee and Collateral Agreement
	B

	 	Form of Compliance Certificate
	C

	 	Form of Closing Certificate
	D

	 	Form of Assignment and Assumption
	E

	 	Form of Exemption Certificate
	F

	 	Form of Solvency Certificate
	G

	 	Form of Joinder Agreement
	H

	 	Form of Lender Addendum
	I

	 	Form of Prepayment Option Notice
	J

	 	Form of Intercreditor Agreement
	K

	 	Form of Promissory Note
	 
	 	 
	iv

 

 

          FIRST LIEN CREDIT AGREEMENT, dated as of August 16, 2007, among VELO HOLDINGS INC., a Delaware
corporation (“Holdings”), VELO ACQUISITION INC., a Delaware corporation (the “Initial
Borrower”), VERTRUE INCORPORATED, a Delaware corporation (the “Company” or the
“Surviving Borrower”), the several banks and other financial institutions or entities from
time to time parties to this Agreement (the “Lenders”), LEHMAN COMMERCIAL PAPER INC., as
Administrative Agent and Collateral Agent, JPMORGAN CHASE BANK, N.A., as syndication agent (in such
capacity, the “Syndication Agent”), and LEHMAN BROTHERS INC. and J.P. MORGAN SECURITIES
INC., as Joint Lead Arrangers and Joint Bookrunners.

          The parties hereto hereby agree as follows:

SECTION 1. DEFINITIONS

          1.1 Defined Terms . As used in this Agreement, the terms listed in this Section
1.1 shall have the respective meanings set forth in this Section 1.1.

          “91/4% Senior Notes”: 91/4% Senior Notes due 2014 issued pursuant to the 91/4%
Senior Notes Indenture.

          “91/4% Senior Notes Indenture”: that certain Indenture dated as of April 13, 2004 among
Memberworks Incorporated, the guarantors party thereto and LaSalle Bank National Association, as
Trustee, pursuant to which the 91/4% Senior Notes were issued.

          “ABR”: for any day, a rate per annum equal to the greater of (a) the Prime Rate in
effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.
For purposes hereof: “Prime Rate” shall mean the prime lending rate as set forth on the
British Banking Association Reuters Page 5 (or such other comparable page as may, in the reasonable
opinion of the Administrative Agent, replace such page for the purpose of displaying such rate), as
in effect from time to time. Any change in the ABR due to a change in the Prime Rate or the
Federal Funds Effective Rate shall be effective as of the opening of business on the effective day
of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

          “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR.

          “Account Control Agreement”: the Securities Account Control Agreement dated as of the
date hereof among the Surviving Borrower, LaSalle Bank National Association, as depositary, and
Lehman Commercial Paper Inc. as Collateral Agent and as collateral agent under the Second Lien Loan
Documents.

          “Accounting Changes”: as defined in Section 10.16.

          “Acquisition”: as defined in the definition of “Permitted Acquisition”.

 

 

          “Acquisition Agreement”: the Agreement and Plan of Merger, dated as of March 22,
2007, by and among Holdings, the Initial Borrower and the Surviving Borrower.

          “Acquisition Transactions”: the Merger and the other transactions contemplated by the
Acquisition Agreement.

          “Administrative Agent”: Lehman Commercial Paper Inc., as the administrative agent for
the Lenders under this Agreement and the other First Lien Loan Documents, together with any of its
successors and permitted assigns.

          “Affiliate”: as to any Person, any other Person that, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this
definition, “control” of a Person means the power, directly or indirectly to direct or cause the
direction of the management and policies of such Person, in either case whether by contract or
otherwise.

          “Agents”: the collective reference to the Collateral Agent and the Administrative
Agent.

          “Aggregate Exposure”: with respect to any Lender at any time, an amount equal to (a)
until the Closing Date, the aggregate amount of such Lender’s Commitments at such time and (b)
thereafter, the sum of (i) the aggregate then unpaid principal amount of such Lender’s Term Loans,
(ii) the aggregate amount of such Lender’s Revolving Commitments then in effect or, if the
Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of
Credit then outstanding and (iii) the aggregate amount of such Lender’s New Loan Commitments then
in effect, or if such New Loan Commitments have been terminated, the amount of such Lender’s New
Loans.

          “Aggregate Exposure Percentage”: with respect to any Lender at any time, the ratio
(expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the total Aggregate
Exposures of all Lenders at such time.

          “Agreed Purposes”: as defined in Section 10.14.

          “Agreement”: this First Lien Credit Agreement, as amended, supplemented or otherwise
modified from time to time.

          “Annual Operating Budget”: as defined in Section 6.2(b).

          “Applicable Margin” or “Applicable Commitment Fee Rate”: for any day, (a)
with respect to the Loans that are (i) ABR Loans, 2.00% and (ii) Eurodollar Loans, 3.00% and (b)
with respect to the commitment fee payable hereunder, 0.50%.

          “Application”: a customary application, in such form as the relevant Issuing Lender
may specify from time to time, requesting such Issuing Lender to open a Letter of Credit.

          “Approved Fund”: as defined in Section 10.6(b).

2

 

          “Asset Sale”: any Disposition of Property or series of related Dispositions of
Property by the Borrower or any Subsidiary (excluding (i) any operating lease entered into in the
ordinary course of business, (ii) any such Disposition permitted by clause (a), (b), (c) (except as
it relates to Section 7.4(d)), (d), (g), (h), (i), (j), (k), (l), (m) and (n) of Section 7.5) and
(iii) any such Disposition which is a Recovery Event) which yields Net Cash Proceeds to any Loan
Party (valued at the then current principal amount thereof in the case of non-cash proceeds
consisting of notes or other debt securities and valued at fair market value in the case of other
non-cash proceeds) in excess of $5,000,000, provided, however, to the extent that
any Disposition of Property would have constituted an Asset Sale, but for the fact that the fair
market value of such Disposition was less than $5,000,000 (a “Below Threshold Asset Sale”),
then at such time as the aggregate fair market value of all Below Threshold Asset Sales occurring
subsequent to the Closing Date equals $15,000,000, each additional Below Threshold Asset Sale will
be deemed to constitute an Asset Sale for all purposes hereunder.

          “Assignee”: as defined in Section 10.6(b).

          “Assignment and Assumption”: an Assignment and Assumption, substantially in the form
of Exhibit D.

          “Available Excess Amount”: the sum of (a) the aggregate cumulative amount, not less
than zero, of Excess Cash Flow for all fiscal years ending after the Closing Date that is not
required pursuant to the provisions of Section 2.12(c) to be applied to the prepayment of Term
Loans and (b) the Net Cash Proceeds received after the Closing Date from any Equity Issuance (other
than Disqualified Capital Stock or Specified Equity Contributions) which (in the case of any such
Equity Issuance by Holdings) have been contributed to the Borrower in cash in exchange for common
or preferred equity (which is not Disqualified Capital Stock) and, in each case, that has not been
previously expended pursuant to Section 7.7(n) (or if expended pursuant to Section 7.7(n) an amount
equal to the return on such Investment, not to exceed the original amount of such Investment).

          “Available Revolving Commitment”: as to any Revolving Lender at any time, an amount
equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over
(b) such Lender’s Revolving Extensions of Credit then outstanding; provided that in
calculating any Revolving Lender’s Revolving Extensions of Credit for the purpose of determining
such Revolving Lender’s Available Revolving Commitments pursuant to Section 2.9(a), the aggregate
principal amount of Swingline Loans then outstanding shall be deemed to be zero.

          “Bank Product Agreements” means any agreements entered into from time to time by the
Company or any Subsidiary with any Lender or any Affiliate of a Lender in connection with Bank
Products.

          “Bank Product Obligations” means all obligations, liabilities, contingent
reimbursement obligations, fees and expenses owing by the Company or any Subsidiary to any
Lender or any Affiliate of a Lender pursuant to or evidenced by the Bank Product Agreements
and irrespective of whether for the payment of money, whether direct or indirect, absolute or

3

 

contingent, due or to become due, now existing or hereafter arising; provided that the
aggregate amount of such obligations shall not exceed $10,000,000 at any time.

          “Bank Products” means any of the following services or facilities extended to the
Company or any Subsidiary by any Lender or any Affiliate of a Lender: (a) credit cards, (b) debit
cards, (c) purchase cards, (d) ACH transactions or (e) cash management, including controlled
disbursements, accounts or services.

          “Benefitted Lender”: as defined in Section 10.7(a).

          “Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).

          “Borrower”: (a) at any time prior to the consummation of the Merger, the Initial
Borrower and (b) upon and at any time after the consummation of the Merger, the Surviving Borrower.

          “Borrower Intellectual Property”: as defined in Section 4.9

          “Borrowing Date”: any Business Day specified by the Borrower as a date on which the
Borrower requests the relevant Lenders to make Loans hereunder.

          “Business”: the business and any services, activities or businesses incidental or
directly related or similar to any business or line of business engaged in by the Company or its
Subsidiaries as of the Closing Date or any business or business activity that is a reasonable
extension, development or expansion thereof or ancillary thereto.

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

          “Capital Expenditures”: for any period, with respect to any Person, the aggregate of
all cash expenditures by such Person for the acquisition or leasing (pursuant to a capital lease
but excluding any amount representing capitalized interest) of fixed or capital assets or additions
to equipment (including replacements, capitalized repairs and improvements during such period)
which are required to be capitalized under GAAP on a balance sheet of such Person; provided
that in any event the term “Capital Expenditures” shall exclude: (i) expenditures for leasehold
improvements for which such Person is reimbursed or receives a credit and (ii) expenditures to the
extent they are made with the proceeds of any equity contributions (other than Specified Equity
Contributions and in respect of Disqualified Capital Stock) made to the Borrower after the Closing
Date.

          “Capital Lease Obligations”: as to any Person, the obligations of such Person to pay
rent or other amounts under any lease of (or other arrangement conveying the right to use) real or
personal property, or a combination thereof, which obligations are required to be

4

 

classified and
accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes
of this Agreement, the amount of such obligations at any time shall be the capitalized amount
thereof at such time determined in accordance with GAAP.

          “Capital Stock”: any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation).

          “Cash Equivalents”: (a) direct obligations issued by, or unconditionally guaranteed
by, the United States government or issued by any agency thereof and backed by the full faith and
credit of the United States, in each case maturing within one year from the date of acquisition;
(b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits
having maturities of one year or less from the date of acquisition issued by any Lender or by any
commercial bank organized under the laws of the United States or any state thereof having combined
capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer rated at least
A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized rating
agency if both of the two named rating agencies cease publishing ratings of commercial paper
issuers generally, and maturing within one year from the date of acquisition; (d) repurchase
obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of
this definition, having a term of not more than 30 days with respect to securities issued or fully
guaranteed or insured by the United States government; (e) securities with maturities of one year
or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or
territory of the United States (including any auction rate security resetting not more than one
year from the prior reset date), by any political subdivision or taxing authority of any such
state, commonwealth or territory or by any foreign government, the securities of which state,
commonwealth, territory, political subdivision, taxing authority or foreign government (as the case
may be) are rated at least A by S&P or A by Moody’s; (f) securities with maturities of one year or
less from the date of acquisition backed by standby letters of credit issued by any Lender or any
commercial bank satisfying the requirements of clause (b) of this definition; and (g) shares of
money market mutual or similar funds which invest exclusively in assets satisfying the requirements
of any of clauses (a) through (f) of this definition; or (h) money market funds that (i) purport to
comply generally with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of
1940, as amended, (ii) are rated AAA by S&P or Aaa by Moody’s or carrying an equivalent rating by a
nationally recognized rating agency, and (iii) have portfolio assets of at least $5,000,000,000.

          “Certificated Security”: as defined in the Guarantee and Collateral Agreement.

          “Chattel Paper”: as defined in the Guarantee and Collateral Agreement.

          “Closing Date”: the date on which the conditions precedent set forth in Section 5.1
shall have been satisfied and the initial Loans hereunder shall have been funded, which date is
August 16, 2007.

          “Closing Date Material Adverse Effect”: a material adverse effect on (x) the
financial condition, properties, assets, liabilities, business or results of operations of the

5

 

Company and its Subsidiaries taken as a whole or (y) the ability of the Company to timely perform
its obligations under, and consummate the transactions contemplated by, the Acquisition Agreement;
provided, however, that a determination of whether there has been a Closing Date
Material Adverse Effect under clause (x) above shall not take into account any effect to the extent
resulting from:

          (A) changes after the date hereof in the economy or financial markets generally in the
United States or other countries in which the Company or any of its Subsidiaries conduct
operations or that are the result of acts of war or terrorism;

          (B) changes after the date hereof that are the result of factors generally affecting
any industry in which the Company or any of its Subsidiaries operate;

          (C) any loss or threatened loss of, or adverse change or threatened adverse change in,
the relationship of the Company or any of its Subsidiaries with its customers, employees,
financing sources or suppliers caused by the announcement or pendency thereafter of the
transactions contemplated by the Acquisition Agreement, including any litigation or other
proceeding arising therefrom, any change in the Company’s credit ratings (provided
that this credit rating exception shall not prevent or otherwise affect a determination that
any change, effect, circumstance or development underlying such change in credit ratings has
resulted in, or contributed to, a Closing Date Material Adverse Effect);

          (D) any actions taken by the Company and its Subsidiaries in accordance with the terms
of the Acquisition Agreement to obtain approval under applicable antitrust or competition
laws for consummation of the Merger;

          (E) changes in any Laws or GAAP or official interpretation thereof after the date
hereof;

          (F) any failure by the Company to meet any estimates of revenues or earnings for any
period ending on or after the date of the Acquisition Agreement, provided that the
exception in this clause shall not prevent or otherwise affect a determination that any
change, effect, circumstance or development underlying such failure has resulted in, or
contributed to, a Closing Date Material Adverse Effect; and

          (G) after the date hereof a decline in the price or trading volume of the Company’s
common stock, provided that the exception in this clause shall not prevent or
otherwise affect a determination that any change, effect, circumstance or development
underlying such decline has resulted in, or contributed to, a Closing Date Material Adverse
Effect.

Unless, in the case of the foregoing clauses (A), (B) and (E), such changes have a materially
disproportionate effect on the Company and its Subsidiaries, taken as a whole, when compared to
other companies in the same industries in which the Company or its Subsidiaries operate.

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

6

 

          “Collateral”: as defined in the Guarantee and Collateral Agreement.

          “Collateral Agent”: LCPI, in its capacity as collateral agent for the Secured Parties
under the First Lien Security Documents and any of its successors and permitted assigns.

          “Commitment”: as to any Lender, the Term Commitment, the Revolving Commitments and
the New Loan Commitments (if any) of such Lender.

          “Committed Reinvestment Amount”: as defined in the definition of “Reinvestment
Prepayment Amount”.

          “Commonly Controlled Entity”: an entity, whether or not incorporated, that is under
common control with Holdings within the meaning of Section 4001 of ERISA.

          “Commonly Controlled Plan”: as defined in Section 4.12(b).

          “Compliance Certificate”: a certificate duly executed by a Responsible Officer
substantially in the form of Exhibit B.

          “Confidential Information”: as defined in Section 10.14.

          “Confidential Information Memorandum”: the Confidential Information Memorandum dated
June 2007 and furnished to the Lenders.

          “Consolidated Current Assets”: at any date, all amounts (other than cash, Cash
Equivalents and Foreign Cash Equivalents) that would, in conformity with GAAP, be set forth
opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet
of Holdings, the Borrower and its Subsidiaries at such date.

          “Consolidated Current Liabilities”: at any date, all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like
caption) on a consolidated balance sheet of Holdings, the Borrower and its Subsidiaries at such
date, but excluding (a) the current portion of any Indebtedness of Holdings, the Borrower and its
Subsidiaries and (b) without duplication, all Indebtedness consisting of Revolving Loans or
Swingline Loans, to the extent otherwise included therein.

          “Consolidated EBITDA”: of any Person for any period, Consolidated Net Income of such
Person and its Subsidiaries for such period plus, without duplication and to the extent
reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of
(a) income tax (or any alternative tax in lieu thereof) expense (including state franchise and
similar taxes), (b) Consolidated Net Interest Expense of such Person and its Subsidiaries,
amortization or writeoff of debt discount and debt issuance costs and commissions, discounts
and other fees and charges associated with Indebtedness (including commitment and administrative
fees and charges with respect to the Facilities and the Second Lien Loans), (c) depreciation and
amortization expense, (d) amortization, impairment of intangibles and other non-cash charges
(including, but not limited to, goodwill) and organization costs, (e) any extraordinary, unusual or
non-recurring expenses or losses, (f) stock-option or employee benefits based and other

7

 

equity-based compensation expenses, (g) transaction costs, fees and expenses incurred within 12
months of the Closing Date relating to the Acquisition Transactions, the transactions contemplated
hereby and by the Second Lien Loan Documents (including any amendments or waivers of the First Lien
Loan Documents or the Second Lien Loan Documents), and those payable in connection with the sale of
Capital Stock, (h) all fees and expenses paid pursuant to the Management Agreement, (i) proceeds
from any business interruption insurance (in the case of this clause (i) to the extent not
reflected as revenue or income in such statement of such Consolidated Net Income); (j) to the
extent actually reimbursed in cash, expenses incurred to the extent covered by indemnification
provisions in any agreement in connection with the Acquisition Transactions or a Permitted
Acquisition, (k) any call premium (or original issue discount) expenses or losses associated with
the repurchase or repayment of Indebtedness, (l) the amount of any restructuring charges or
reserves deducted in such period in computing Consolidated Net Income and incurred within 12 months
of the date on which the transaction relating to such restructuring charges or reserves is
consummated (which, for the avoidance of doubt, shall include retention, severance, systems
establishment cost, excess pension charges, contract termination costs, future lease commitments,
and costs to consolidate facilities and relocate employees), (m) any non-cash charges, expenses or
losses (including any impairment charges and the impact of purchase accounting, including, but not
limited to, the amortization of inventory step-up) reducing Consolidated Net Income for such period
(excluding any such charge that represents an accrual or reserve for a cash expenditure for a
future period), (n) all losses realized upon the Disposition of properties or assets which are not
sold or otherwise disposed of in the ordinary course of business and (o) any loss from discontinued
operations and any loss on disposal of discontinued operations in accordance with GAAP or if
otherwise reasonably acceptable to the Administrative Agent, minus, to the extent included
in the statement of such Consolidated Net Income for such period, the sum of (a) any extraordinary,
unusual or non-recurring income or gains (including, whether or not otherwise includable as a
separate item in the statement of such Consolidated Net Income for such period, gains on the sales
of assets outside of the ordinary course of business) and (b) any non-cash items increasing
Consolidated Net Income for such Person for such period (excluding any items which represent the
reversal of any accrual of, or cash reserve for, anticipated cash charges made in any prior period
or which will result in the receipt of cash in a future period), all as determined on a
consolidated basis; provided that for purposes of calculating Consolidated EBITDA of
Holdings, the Borrower and its Subsidiaries for any period, (A) the Consolidated EBITDA of any
Person acquired by Holdings, the Borrower or its Subsidiaries during such period shall be included
on a pro forma basis for such period (but assuming the consummation of such
acquisition and the incurrence or assumption of any Indebtedness in connection therewith occurred
on the first day of such period and assuming any synergies and cost savings to the extent certified
by a Responsible Officer of Holdings as having been determined in good faith to be reasonably
anticipated to be realizable within 12 months following such acquisition, provided that the
aggregate amount of such
synergies and cost savings shall not for any period exceed 10% of the Borrower’s Consolidated
EBITDA for the applicable period, prior to giving pro forma effect to such synergies and cost
savings) and (B) the Consolidated EBITDA of any Person Disposed of by Holdings, the Borrower or its
Subsidiaries during such period shall be excluded for such period (assuming the consummation of
such Disposition and the repayment of any Indebtedness in connection therewith occurred on the
first day of such period). For purposes of determining compliance

8

 

with the financial covenant set
forth in Section 7.1 only (and not any other provision of this Agreement, including any such other
provision that utilizes a calculation of Consolidated EBITDA), (i) any cash common equity
contribution or (ii) any other equity contribution on terms reasonably acceptable to the
Administrative Agent (that does not constitute Disqualified Capital Stock), in each case made by
Holdings or any of the other direct or indirect equityholders of the Borrower to the Borrower, on
or after the first day of any fiscal quarter and prior to the day that is 10 Business Days after
the day on which financial statements are required to be delivered for such fiscal quarter (it
being understood that each such contribution shall be credited with respect to only one fiscal
quarter; provided that such credit shall be effective as to such fiscal quarter for all
periods in which such fiscal quarter is included) will, at the request of the Borrower, be deemed
to increase, dollar for dollar, Consolidated EBITDA for such fiscal quarter for the purposes of
determining compliance with such financial covenant at the end of such fiscal quarter and
applicable subsequent periods (any such equity contribution so included in the calculation of
Consolidated EBITDA, a “Specified Equity Contribution”); provided that (a) in each
four fiscal quarter period there shall be a period of at least two fiscal quarters in which no
Specified Equity Contribution is made, (b) the amount of any Specified Equity Contribution shall be
no greater than the amount required to cause the Loan Parties to be in compliance with the
financial covenant set forth in Section 7.1 and (c) all Specified Equity Contributions shall be
disregarded for purposes of determining any baskets or other amounts with respect to any other
covenants contained in this Agreement. For the purpose of determining the Consolidated Total
Leverage Ratio for the period of four consecutive quarters ended September 30, 2007, December 31,
2007, March 31, 2008 and June 30, 2008, Consolidated EBITDA of Holdings for (A) the fiscal quarters
ended on September 30, 2006, December 31, 2006 and March 31, 2007 shall be deemed to be equal to
$22,200,000, $27,000,000 and $27,000,000, respectively, (B) the fiscal quarter ended on June 30,
2007 shall be deemed to be equal to $37,700,000 until the financial statements required to be
delivered pursuant to Section 6.1(a)(i) are delivered, whereupon the Consolidated EBITDA of
Holdings with respect to the fiscal quarter ended June 30, 2007 shall be equal to the actual
Consolidated EBITDA of the Company for such period and (C) the fiscal quarter ended on September
30, 2007 shall be the sum of the Consolidated EBITDA of the Company from the beginning of such
period until the Closing Date plus the Consolidated EBITDA of Holdings from the Closing Date until
the end of such period.

          “Consolidated First Lien Leverage Ratio”: is at the last day of any period of four
consecutive fiscal quarters of Holdings, the ratio of (a) Consolidated First Lien Debt on such day
to (b) Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries for such period.

          “Consolidated First Lien Debt”: at any date, shall mean Consolidated Total Debt
secured by a lien on any assets of Holdings, the Borrower or its Subsidiaries that is pari passu
with the Obligations.

          “Consolidated Net Income”: of any Person for any period, the consolidated net income
(or loss) of such Person and its Subsidiaries for such period, determined on a consolidated basis
in accordance with GAAP; provided that in calculating Consolidated Net Income of Holdings,
the Borrower and its consolidated Subsidiaries for any period, there shall be excluded (a) the
income (or deficit) of any Person accrued prior to the date it becomes a Subsidiary or is merged
into or consolidated with the Borrower or any of its Subsidiaries and

9

 

(b) the income (or deficit)
of any Person (other than a Subsidiary) in which Holdings, the Borrower or any of its Subsidiaries
has an ownership interest, except to the extent that any such income is actually received by
Holdings, the Borrower or such Subsidiary in the form of dividends or similar distributions (which
dividends and distributions shall be included in the calculation of Consolidated Net Income).
Notwithstanding the foregoing, the initial and ongoing effect of any after-tax non-cash gains or
losses resulting from any amortization, write-up, write-down or write-off of assets or liabilities
(including intangible assets, goodwill, deferred revenue, deferred marketing and deferred financing
costs as a result of purchase accounting adjustments) in connection with the Acquisition
Transactions or any future Permitted Acquisition, Disposition, merger, consolidation or similar
transaction or any other non-cash impairment charges incurred subsequent to the Closing Date
resulting from the application at SFAS Nos. 141, 142 or 144 (excluding any non-cash item to the
extent that it represents an accrual of or reserve for cash expenditures in any future period
except to the extent such item is subsequently reversed) shall be excluded from Consolidated Net
Income.

          “Consolidated Net Interest Expense”: of any Person for any period, (a) total cash
interest expense (including that attributable to Capital Lease Obligations) of such Person and its
Subsidiaries for such period with respect to all outstanding Indebtedness of such Person and its
Subsidiaries, minus (b) the sum of (i) total cash interest income of such Person and its
Subsidiaries for such period (other than any interest income of such Person and its Subsidiaries
accruing as a result of loans made in the ordinary course of business to customers in connection
with the business of MCM), in each case determined in accordance with GAAP plus (ii) any
one-time financing fees (to the extent included in such Person’s consolidated interest expense for
such period), including, with respect to Holdings, those paid in connection with the transactions
occurring on the Closing Date or in connection with any amendment hereof or of the Second Lien
Credit Agreement. For purposes of the foregoing, interest expense of any Person shall be
determined after giving effect to any net payments made or received by such Person with respect to
interest rate Hedge Agreements (other than early termination payments) permitted hereunder.

          “Consolidated Total Debt”: at any date, (a) the aggregate principal amount of
all Funded Debt of Holdings, the Borrower and its Subsidiaries at such date, in each case
determined on a consolidated basis in accordance with GAAP minus (b) the amount in the Convertible
Notes Escrow Account (up to an amount equal to the amount of Convertible Notes which have not been
repurchased or converted into equity) on such date.

          “Consolidated Total Leverage Ratio”: as at the last day of any period of four
consecutive fiscal quarters of Holdings, the ratio of (a) Consolidated Total Debt on such day to
(b) Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries for such period.

          “Consolidated Working Capital”: at any date, the difference of (a) Consolidated
Current Assets on such date less (b) Consolidated Current Liabilities on such date.

          “Continuing Directors”: the directors of Holdings on the Closing Date and each other
director of Holdings, if, such other director’s nomination for election to the board of directors
of Holdings is recommended by at least 51% of the then Continuing Directors or such

10

 

other director
receives the vote of the Sponsor and its Affiliates (excluding any portfolio companies of the
Sponsor) in his or her election by the shareholders of Holdings.

          “Contractual Obligation”: as to any Person, any provision of any security issued by
such Person or of any agreement, instrument or other undertaking to which such Person is a party or
by which it or any of its Property is bound.

          “Convertible Notes”: the Convertible 5.5% Senior Subordinated Notes due 2010 issued
pursuant to the Convertible Notes Indenture.

          “Convertible Notes Escrow Account”: as defined in Section 6.10.

          “Convertible Notes Indenture”: that certain Indenture dated as of September 30, 2003
between Memberworks Incorporated and Deutsche Bank Trust Company Americas, as Trustee, pursuant to
which the Convertible Notes were issued.

          “Default”: any of the events specified in Section 8, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

          “Disposition”: with respect to any Property, any sale, sale and leaseback,
assignment, conveyance, transfer or other effectively complete disposition thereof. The terms
“Dispose” and “Disposed of” shall have correlative meanings.

          “Disqualified Capital Stock”: Capital Stock that (a) requires the payment of any
dividends (other than dividends payable solely in shares of Qualified Capital Stock) prior to the
date that is 91 days after the latest final scheduled maturity date of the Term Loans or the New
Term Loans, as applicable, (b) matures or is mandatorily redeemable or subject to mandatory
repurchase or redemption or repurchase at the option of the holders thereof, in each case in whole
or in part and whether upon the occurrence of any event, pursuant to a sinking fund obligation on a
fixed date or otherwise (including as the result of a failure to maintain or achieve any financial
performance standards), prior to the date that is 91 days after the latest final scheduled maturity
date of the Term Loans or the New Term Loans, as applicable (other than (i) upon payment in full of
the Obligations (other than indemnification and other contingent obligations not yet due and owing)
or (ii) upon a “change in control”; provided that any payment required pursuant to this
clause (ii) is contractually subordinated in right of payment to the Obligations on terms
reasonably satisfactory to the Administrative Agent) or (c) are convertible or exchangeable,
automatically or at the option of any holder thereof, into any Indebtedness, Capital Stock or other
assets other than Qualified Capital Stock.

          “Dollars” and “$”: dollars in lawful currency of the United States.

          “Domestic Subsidiary”: any direct or indirect Subsidiary organized under the laws of
any jurisdiction within the United States other than any such Subsidiary directly owned by a
Foreign Subsidiary but only to the extent that such Subsidiary becoming a Subsidiary Guarantor
could result in adverse tax consequences.

11

 

          “Environmental Laws”: any and all applicable laws, rules, orders, regulations,
statutes, ordinances, codes or decrees (including, without limitation, common law) of any
Governmental Authority, regulating, relating to or imposing liability or standards of conduct
concerning protection of the environment, as have been, are now, or at any time hereafter are, in
effect.

          “Environmental Liability”: any claim, action, suit, judgment or order under or
relating to any Environmental Law for any damages, injunctive relief, losses, fines, penalties,
fees, expenses (including reasonable fees and expenses of attorneys and consultants) or costs,
whether contingent or otherwise, including those arising from or relating to: (a) compliance or
non-compliance with any Environmental Law, (b) the generation, use, handling, transportation,
storage, treatment or disposal of any Materials of Environmental Concern, (c) exposure to any
Materials of Environmental Concern, (d) the Release of any Materials of Environmental Concern or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed
or imposed with respect to any of the foregoing.

          “Equity Financing”: as defined in Section 5.1(c)(ii).

          “Equity Issuance”: any issuance by Holdings or the Borrower or any Subsidiary
Guarantor of its Capital Stock in a public or private offering.

          “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time.

          “Escrow Agreement”: the Security and Escrow Agreement dated as of the date hereof
among the Surviving Borrower, LaSalle Bank National Association, as escrow agent, and Lehman
Commercial Paper Inc. as Collateral Agent and as collateral agent under the Second Lien Loan
Documents.

          “Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the
aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve
requirements in effect on such day (including basic, supplemental, marginal and emergency reserves)
under any regulations of the Board or other Governmental Authority having jurisdiction with respect
thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred
to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the
Federal Reserve System.

          “Eurodollar Base Rate”: with respect to each day during each Interest Period, the
rate per annum determined on the basis of the rate for deposits in Dollars for a period equal to
such Interest Period commencing on the first day of such Interest Period appearing on Reuters Page
LIBOR01 as of 11:00 A.M., London time, two Business Days prior to the beginning of
such Interest Period. In the event that such rate does not appear on Reuters Page LIBOR01 (or
otherwise on the Reuters screen), the “Eurodollar Base Rate” for purposes of this
definition shall be determined by reference to such other comparable publicly available service for
displaying eurodollar rates as may be reasonably selected by the Administrative Agent.

12

 

          “Eurodollar Loan”: Loans the rate of interest applicable to which is based upon the
Eurodollar Rate.

          “Eurodollar Rate”: with respect to each day during each Interest Period pertaining to
a Eurodollar Loan, a rate per annum determined for such day in accordance with the following
formula (rounded upward to the nearest 1/100th of 1%):

Eurodollar Base Rate

1.00
- Eurocurrency Reserve Requirements

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

          “Excess Cash Flow”: for any fiscal year of Holdings,

          (a) the sum, without duplication, of

     (i) Consolidated Net Income for such fiscal year,

     (ii) the amount of all non-cash charges (including depreciation, amortization and
deferred tax expense) deducted in arriving at such Consolidated Net Income,

     (iii) the amount of the decrease, if any, in Consolidated Working Capital for such
fiscal year and

     (iv) the aggregate net amount of non-cash loss on the Disposition of Property by
Holdings, the Borrower and its Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent deducted in arriving at such
Consolidated Net Income,

     minus (b) the sum, without duplication (including, in the case of clauses (ii)
and (viii) below, duplication across periods; provided that all or any portion of
the amounts referred to in clauses (ii) and (viii) below with respect to a period may be
applied in the determination of Excess Cash Flow for any subsequent period to the extent
such amounts did not previously result in a reduction of Excess Cash Flow in any prior
period), of

     (i) the amount of all non-cash gains or credits included in arriving at such
Consolidated Net Income (including, without limitation, credits included in the calculation
of deferred tax assets and liabilities),

     (ii) the aggregate amount actually paid by Holdings, the Borrower and its Subsidiaries
in cash during such fiscal year on account of Capital Expenditures and Permitted
Acquisitions (other than to the extent any such Capital Expenditure or Permitted Acquisition
is made with the proceeds of an Equity Issuance, new long-term indebtedness for borrowed
money or with the proceeds of any Reinvestment Deferred Amount),

13

 

     (iii) the aggregate amount of all non-optional payments of Indebtedness (including,
without limitation, the Term Loans) of Holdings, the Borrower and its Subsidiaries made
during such fiscal year (other than in respect of any revolving credit facility to the
extent there is not an equivalent permanent reduction in commitments thereunder),

     (iv) the amount of the increase, if any, in Consolidated Working Capital for such
fiscal year,

     (v) the aggregate net amount of non-cash gain on the Disposition of Property by
Holdings, the Borrower and its Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent included in arriving at such
Consolidated Net Income,

     (vi) transaction costs, fees and expenses incurred in connection with the Acquisition
Transactions, the First Lien Loan Documents or the Second Lien Loan Documents (including
amendments or waivers of the foregoing) and the other transactions contemplated hereby to
occur as of the Closing Date, the sale of Capital Stock, the incurrence of Indebtedness
permitted under Section 7.2, any Disposition of Property permitted under Section 7.5 or any
recapitalization or any Permitted Acquisition or other Investment permitted under Section
7.7,

     (vii) the amount of payments made as permitted under Section 7.9(i) during such fiscal
year,

     (viii) payments made under the Management Agreement, and

     (ix) an amount equal to reasonable cash expenditures made in connection with any
termination or make-whole payment in connection with any termination of, and upfront fees
and expenses in connection with obtaining, any Hedge Agreements.

          “Excess Cash Flow Application Date”: as defined in Section 2.12(c).

          “Excess Cash Flow Percentage”: 50%; provided that the Excess Cash Flow
Percentage for any fiscal year with respect to which Excess Cash Flow is measured shall be reduced
to 0% if the Consolidated Total Leverage Ratio as of the last day of such fiscal year is less than
2.50:1.00.

          “Excess Specified Asset Sale Proceeds”: with respect to any Specified Asset Sale, the
Net Cash Proceeds thereof that would be available to the Borrower or any Subsidiary immediately
following such Specified Asset Sale in excess of the amount required to be applied to prepay the
Term Loans pursuant to Section 2.12(b)(ii)(x).

14

 

          “Existing Credit Facility”: the Second Amended and Restated Credit Agreement, dated
as of March 17, 2006, among the Company, the lenders party thereto and LaSalle Bank National
Association, as agent for the lenders, as amended.

          “Facility”: each of (a) the Term Commitments and the Term Loans made thereunder (the
“Term Facility”) and (b) the Revolving Commitments and the extensions of credit made
thereunder (the “Revolving Facility”).

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

          “Fee Payment Date”: (a) the Business Day following the last day of each March, June,
September and December and (b) the last day of the Revolving Commitment Period, commencing on the
first such day to occur after the Closing Date.

          “First Lien Loan Documents”: the collective reference to this Agreement, the
Intercreditor Agreement, the First Lien Security Documents, the Applications and the Notes (if
any), each Joinder Agreement, and any amendment, waiver, supplement or other modification to any of
the foregoing.

          “First Lien Security Documents”: the collective reference to the First Lien Guarantee
and Collateral Agreement, the Escrow Agreement, the Account Control Agreement and all other
security documents (including any Mortgages) hereafter delivered to the Administrative Agent or the
Collateral Agent purporting to grant a Lien on any Property of any Loan Party to secure the
Obligations.

          “Foreign Cash Equivalents”: (a) certificates of deposit or bankers acceptances of, and
bank deposits with, any bank organized under the laws of any country that is a member of the
European Economic Community or Canada or any subdivision thereof, whose short-term commercial paper
rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the
equivalent thereof, in each case with maturities of not more than six months from the date of
acquisition, (b) commercial paper maturing not more than one year from the date of creation thereof
and, at the time of acquisition, having the highest rating obtainable from either S&P’s or Moody’s
and (c) shares of any money market mutual fund that has its assets invested continuously in the
types of investments referred to in clauses (a) and (b) above.

          “Foreign Subsidiary”: any Subsidiary that is not a Domestic Subsidiary.

          “Funded Debt”: with respect to any Person, all Indebtedness of such Person of the
types described in clauses (a) through (e) and (g) of the definition of “Indebtedness”.

          “Funding Office”: the office specified from time to time by the Administrative Agent
as its funding office by notice to the Borrower and the Lenders.

15

 

          “GAAP”: generally accepted accounting principles in the United States as in effect
from time to time.

          “Governmental Authority”: any nation or government, any state, province or other
political subdivision thereof and any governmental entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government and, as to any
Lender, any securities exchange and any self regulatory organization (including the National
Association of Insurance Commissioners).

          “Guarantee and Collateral Agreement”: the First Lien Guarantee and Collateral
Agreement to be executed and delivered by Holdings, the Initial Borrower, the Surviving Borrower
and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended,
supplemented or otherwise modified from time to time.

          “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation of the guaranteeing person guaranteeing or by which such Person becomes contingently
liable for any Indebtedness, net worth, working capital earnings, leases, dividends or other
distributions upon the stock or equity interests (the “primary obligations”) of any other
third Person (the “primary obligor”) in any manner, whether directly or indirectly,
including, without limitation, any obligation of the guaranteeing person, whether or not
contingent, (i) to purchase any such primary obligation or any Property constituting direct or
indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any
such primary obligation or (2) to maintain working capital or equity capital of the primary obligor
or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase
Property, securities or services primarily for the purpose of assuring the owner of any such
primary obligation of the ability of the primary obligor to make payment of such primary obligation
or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss
in respect thereof; provided, however, that the term Guarantee Obligation shall not
include endorsements of instruments for deposit or collection in the ordinary course of business
and reasonable indemnity obligations in effect on the Closing Date or entered into in connection
with any acquisition or disposition of assets or any Investment permitted under this Agreement.
The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be such
guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by
the Borrower in good faith.

          “Guarantors”: the collective reference to Holdings and the Subsidiary Guarantors.

          “Hedge Agreements”: all interest rate swaps, caps, collar agreements, foreign
exchange agreements, commodity contracts, currency swaps or similar arrangements entered into
by Holdings, the Borrower or its Subsidiaries providing for protection against fluctuations in
interest rates or currency exchange rates or the exchange of nominal interest obligations or the
price of commodities, raw materials, utilities and energy, either generally or under specific
contingencies, as each may be amended, supplemented, replaced or otherwise modified from time to
time in accordance with this Agreement.

16

 

          “Holdings”: Velo Holdings Inc., a Delaware corporation.

          “Immaterial Subsidiary”: on any date, any Subsidiary of the Borrower that (i) had
less than 3.5% of consolidated assets and 3.5% of annual consolidated revenues of Holdings, the
Borrower and its Subsidiaries, collectively, as reflected on the most recent financial statements
delivered pursuant to Section 6.1 prior to such date and (ii) has been designated as such by the
Borrower in a written notice delivered to the Administrative Agent (other than any such Subsidiary
as to which the Borrower has revoked such designation by written notice to the Administrative
Agent); provided that at no time shall all Immaterial Subsidiaries so designated by the
Borrower have in the aggregate consolidated assets or annual consolidated revenues (as reflected on
the most recent financial statements delivered pursuant to Section 6.1 prior to such time) in
excess of 10% of consolidated assets or annual consolidated revenues, respectively, of Holdings,
the Borrower and its Subsidiaries, collectively.

          “Increased Amount Date”: as defined in Section 2.25.

          “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of Property or services (other than (i) trade payables, accrued expenses, current accounts
and similar obligations incurred in the ordinary course of such Person’s business and (ii)
earn-outs and other contingent payments in respect of acquisitions except to the extent that the
liability on account of any such earn-out or contingent payment becomes a fixed obligation), (c)
all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments,
(d) all indebtedness created or arising under any conditional sale or other title retention
agreement with respect to Property acquired by such Person (even though the rights and remedies of
the seller or lender under such agreement in the event of default are limited to repossession or
sale of such Property, in which case only the lesser of the amount of such obligation and the fair
market value of such Property shall constitute Indebtedness), (e) all Capital Lease Obligations of
such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or
applicant under acceptance, letter of credit or similar facilities, (g) all obligations of such
Person in respect of Disqualified Capital Stock, except for agreements with directors, officers and
employees to acquire such Capital Stock upon the death or termination of employment of such
director, officer or employee and (h) all Guarantee Obligations of such Person in respect of
obligations of the kind referred to in clauses (a) through (g) above. Notwithstanding the
foregoing, the term “Indebtedness” shall not include Non-Recourse Debt.

          “Initial Borrower”: as defined in the preamble of this Agreement.

          “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

          “Insolvent”: pertaining to a condition of Insolvency.

          “Instrument”: as defined in the Guarantee and Collateral Agreement.

17

 

          “Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United States, multinational or
foreign laws or otherwise, including, without limitation, copyrights, domain names, patents,
trademarks, trade names, technology, know-how and processes, including the right to receive all
proceeds and damages therefrom.

          “Intercreditor Agreement”: an Intercreditor Agreement substantially in the form of
Exhibit J among Holdings, the Initial Borrower, the Surviving Borrower, the Collateral Agent and
LCPI as collateral agent under the Second Lien Loan Documents.

          “Interest Payment Date”: (a) as to any ABR Loan (other than any Swingline Loan), the
Business Day following the last day of each March, June, September and December to occur while such
Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having
an Interest Period of three months or less, the last day of such Interest Period, (c) as to any
Eurodollar Loan having an Interest Period longer than three months, each day that is three months,
or a whole multiple thereof, after the first day of such Interest Period and the last day of such
Interest Period, (d) as to any Loan (other than any Revolving Loan that is an ABR Loan and any
Swingline Loan), the date of any repayment or prepayment made in respect thereof and (e) as to any
Swingline Loan, the day that such Loan is required to be repaid.

          “Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on
the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and
ending one, two, three or six or (if available to all Lenders under the relevant Facility) nine or
twelve months thereafter, as selected by the Borrower in its notice of borrowing or notice of
conversion, as the case may be, given with respect thereto; and (b) thereafter, each period
commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan
and ending one, two, three or six or (with the consent of each affected Lender under the relevant
Facility) nine or twelve months thereafter, as selected by the Borrower by irrevocable notice to
the Administrative Agent not later than 1:00 P.M., New York City time, on the date that is three
Business Days prior to the last day of the then current Interest Period with respect thereto;
provided that all of the foregoing provisions relating to Interest Periods are subject to
the following:

     (i) if any Interest Period would otherwise end on a day that is not a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless the result
of such extension would be to carry such Interest Period into another calendar month in
which event such Interest Period shall end on the immediately preceding Business Day;

     (ii) any Interest Period that would otherwise extend beyond the scheduled Revolving
Termination Date or beyond the date final payment is due on the Term Loans shall end on the
Revolving Termination Date or such due date, as applicable; and

     (iii) any Interest Period that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar

18

 

month at the
end of such Interest Period) shall end on the last Business Day of a calendar month.

          “Investments”: as defined in Section 7.7.

          “IPO”: the initial offering by Holdings (or a replacement entity for Holdings) of its
Capital Stock to the public by means of an offering registered with the SEC or any comparable
foreign Governmental Authority.

          “Issuing Lenders”: (a) JPMorgan Chase Bank, N.A. or (b) any other Revolving Lender
from time to time designated by the Borrower as an Issuing Lender and acceptable to the
Administrative Agent with the consent of such other Revolving Lender in its sole discretion.

          “Joinder Agreement”: an agreement substantially in the form of Exhibit G.

          “Joint Lead Arrangers”: the collective reference to Lehman Brothers Inc. and J.P.
Morgan Securities Inc.

          “Laws”: collectively, federal, state, local or foreign law, statute or ordinance,
common law, or any rule, regulation, judgment, order, writ, injunction, decree, arbitration award,
agency requirement, license or permit of any Governmental Authority.

          “L/C Commitment”: $15,000,000.

          “L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate then
undrawn and unexpired amount of the then outstanding Letters of Credit and (b) the aggregate amount
of drawings under Letters of Credit that have not then been reimbursed.

          “L/C Participants”: the collective reference to all the Revolving Lenders other than
the applicable Issuing Lender.

          “LCPI”: Lehman Commercial Paper Inc.

          “Lender Addendum”: with respect to any initial Lender, a Lender Addendum,
substantially in the form of Exhibit H, to be executed and delivered by such Lender on the Closing
Date as provided in Section 10.19.

          “Lenders”: as defined in the preamble hereto.

          “Letters of Credit”: as defined in Section 3.1(a).

          “Lien”: any mortgage, pledge, hypothecation, collateral assignment, encumbrance, lien
(statutory or other), charge or other security interest or any other security agreement of any kind
or nature whatsoever (including any conditional sale or other title retention agreement and any
capital lease having substantially the same economic effect as any of the foregoing).

19

 

          “Loan”: any loan made by any Lender pursuant to this Agreement.

          “Loan Parties”: Holdings, the Borrower and each Subsidiary Guarantor.

          “Majority Facility Lenders”: with respect to any Facility, the holders of more than
50% of the aggregate unpaid principal amount of the Term Loans or the Revolving Extensions of
Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving
Facility, prior to any termination of the Revolving Commitments under such Facility, the holders of
more than 50% of the Revolving Commitments under such Facility).

          “Majority Revolving Facility Lenders”: the Majority Facility Lenders in respect of
the Revolving Facility.

          “Majority Term Facility Lenders”: the Majority Facility Lenders in respect of the
Term Facility.

          “Management Agreement”: the Management Agreement, by and among one or more of the
Permitted Investors or an Affiliate thereof and Holdings as in effect on the Closing Date and as
modified from time to time in a manner not materially adverse to the Lenders or otherwise with the
consent of the Administrative Agent.

          “Material Adverse Effect”: a material adverse effect on (a) the business, operations
property or financial condition of Holdings, the Borrower and its Subsidiaries, taken as a whole,
or (b) the validity or enforceability of the First Lien Loan Documents or the material rights and
remedies of the Administrative Agent and the Lenders thereunder, in each case, taken as a whole.

          “Material Subsidiary”: any Subsidiary that is not an Immaterial Subsidiary.

          “Materials of Environmental Concern: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products, polychlorinated biphenyls, urea-formaldehyde
insulation, asbestos, pollutants, contaminants, radioactivity and any other substances that are
defined as hazardous or toxic under any Environmental Law, that are regulated pursuant to any
Environmental Law.

          “Merger”: as defined in the Acquisition Agreement.

          “Moody’s”: Moody’s Investors Service, Inc. or any successor to the rating agency
business thereof.

          “Mortgage”: any mortgage, deed of trust, hypothec or other similar document made by
any Loan Party in favor of, or for the benefit of, the Collateral Agent for the benefit of the
Secured Parties, in form and substance reasonably satisfactory to the Administrative Agent and the
Borrower (taking into account the law of the jurisdiction in which such mortgage, deed of trust,
hypothec or similar document is to be recorded), as the same may be amended, supplemented or
otherwise modified from time to time.

20

 

          “Multiemployer Plan”: a Plan that is a multiemployer plan as defined in Section
4001(a)(3) of ERISA.

          “MCM”: My Choice Medical Holdings, Inc.

          “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the
proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by
way of deferred payment of principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise, but only as and when received) of such Asset Sale or Recovery
Event received by any Loan Party, net of attorneys’ fees, accountants’ fees, investment banking
fees, consulting fees, amounts (including premiums or penalties, if any) required to be applied to
the repayment of Indebtedness secured by a Lien expressly permitted hereunder on any asset which is
the subject of such Asset Sale or Recovery Event (other than any Lien pursuant to a First Lien
Security Document or the Second Lien Loan Documents) and other reasonable fees and expenses
(including legal fees and expenses) actually incurred by any Loan Party in connection therewith and
net of taxes paid or reasonably estimated to be payable by any Loan Party as a result thereof
(after taking into account any available tax credits or deductions and any tax sharing
arrangements) and any escrow or reserve for any indemnification payments (fixed or contingent)
attributable to seller’s indemnities and representations and warranties to purchaser in respect of
the applicable Asset Sale undertaken by the Borrower or any of its Subsidiaries in connection with
such Asset Sale (provided that upon release of any such escrow or reserve, the amount released
shall be considered Net Cash Proceeds) and (b) in connection with any Equity Issuance or other
issuance or sale of debt securities or instruments or the incurrence of Funded Debt, the cash
proceeds received from such issuance or incurrence, net of attorneys’ fees, investment banking
fees, accountants’ fees, consulting fees, underwriting discounts and commissions and other
reasonable fees and expenses (including legal fees and expenses) actually incurred in connection
therewith.

          “New Lender”: as defined in Section 2.25.

          “New Loan Commitments”: as defined in Section 2.25.

          “New Loans”: any loan made by any New Lender pursuant to Section 2.25.

          “New Revolving Loans”: as defined in Section 2.25.

          “New Term Lender”: a Lender that has a New Term Loan.

          “New Term Loans”: as defined in Section 2.25.

          “Non-Excluded Taxes”: as defined in Section 2.20(a).

          “Non-Guarantor Subsidiary”: any Subsidiary of the Borrower which is not a Subsidiary
Guarantor.

          “Non-Recourse Debt”: Indebtedness (a) no default with respect to which would permit
(upon notice, lapse of time or both) any holder of any other Indebtedness of Holdings, the

21

 

Borrower
or any of the Subsidiaries to declare a default on such other Indebtedness or cause the payment
thereof to be accelerated or payable prior to its stated maturity, and (b) as to which the lenders
or holders thereof have not been notified in writing that they will have any recourse to the
capital stock or assets of Holdings, the Borrower or any of the Subsidiaries.

          “Non-U.S. Lender”: as defined in Section 2.20(a).

          “Note”: any promissory note evidencing any Loan.

          “Obligations”: the unpaid principal of and interest on (including, without
limitation, interest accruing after the maturity of the Loans and Reimbursement Obligations and
interest accruing after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding) the Loans, the Reimbursement
Obligations and all other obligations and liabilities of the Borrower to the Administrative Agent,
to the Collateral Agent, to any Issuing Lender or to any Lender (or, in the case of Specified Hedge
Agreements or Bank Product Obligations of the Borrower or any of its Subsidiaries to the
Administrative Agent, the Collateral Agent, any Lender or any affiliate of any Lender), whether
direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter
incurred, which may arise under, out of, or in connection with, this Agreement, any other First
Lien Loan Document, the Letters of Credit, any Specified Hedge Agreement, any Bank Product
Obligations, whether on account of principal, interest, reimbursement obligations, fees,
indemnities, costs, expenses (including, without limitation, all reasonable and documented fees,
charges and disbursements of counsel to the Administrative Agent, the Collateral Agent, any Issuing
Lender or any Lender that are required to be paid by the Borrower pursuant hereto) or otherwise;
provided that (a) obligations of the Borrower or any of its Subsidiaries under any
Specified Hedge Agreement or Bank Product Obligations shall be secured and guaranteed pursuant to
the First Lien Security Documents only to the extent that, and for so long as, the other
Obligations are so secured and guaranteed and (b) any release of Collateral or Guarantors effected
in the manner permitted by this Agreement (including any release which is automatically permitted)
shall not require the consent of holders of obligations under Specified Hedge Agreements or Bank
Product Obligations.

          “Other Taxes”: any and all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies assessed by any federal, state, local or
foreign governmental authority having the power to impose such tax arising from any payment made
hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this
Agreement or any other First Lien Loan Document.

          “Participant”: as defined in Section 10.6(c).

          “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA (or any successor).

          “Permitted Acquisition”: any acquisition of a majority controlling interest in the
Capital Stock, or all or substantially all of the assets, of any Person, or of all

22

 

or substantially
all of the assets constituting a division, product line or business line of any Person (each, an
“Acquisition”), if such Acquisition complies with the following criteria:

     (a) no Default or Event of Default shall be in effect immediately prior or after giving
effect to such Acquisition;

     (b) after giving effect to the consummation of such Acquisition and to the incurrence
of any Indebtedness associated therewith, (i) Holdings shall be in compliance with Section
7.1 and (ii) if such Acquisition is not a Small Acquisition the Consolidated Total Leverage
Ratio for the most recently ended period of four consecutive fiscal quarters of Holdings
shall not exceed 5.00:1.00 (in each case, calculated as of the last day of the fiscal
quarter immediately preceding the fiscal quarter in which such acquisition is consummated,
giving pro forma effect to such Acquisition and the issuance or payment of
any related Indebtedness);

     (c) prior to the consummation of such Acquisition (i) the Administrative Agent shall
have received, if available, the then current financial projections in respect of the
Person, division, product line or line of business acquired in such Acquisition for the
one-year period following the consummation of such acquisition, (ii) the Administrative
Agent shall have received the then current drafts (which shall be consistent with the final
drafts in all material respects) of the documentation to be executed in connection with such
Acquisition (with final copies of such documentation to be delivered to the Administrative
Agent promptly upon becoming available), including all schedules and exhibits thereto and
(iii) the Administrative Agent shall have received notice of the closing date for such
Acquisition; and

     (d) such Person shall have become a Subsidiary and, if such Person shall be a
wholly-owned Domestic Subsidiary (and not an Immaterial Subsidiary after giving pro
forma effect to such Acquisition), a Guarantor and the provisions of Section 6.8
shall have been complied with to the reasonable satisfaction of the Administrative Agent.

For purposes of the foregoing, the term “Small Acquisition” means, collectively, one or
more Acquisitions by the Borrower and/or any of its Subsidiaries in connection with which the
acquired assets shall have an aggregate fair value of not more than $25,000,000.

          “Permitted Investors”: the collective reference to the Sponsor and its Affiliates
(but excluding, any portfolio companies of the foregoing).

          “Permitted Indebtedness”: unsecured subordinated Indebtedness issued or incurred by
the Borrower or any Subsidiary Guarantor, (i) the terms of which, (1) do not provide
for any scheduled repayment, mandatory redemption or sinking fund obligation prior to the date
that is 91 days after the Term Maturity Date (or such later date that is the latest final maturity
date of any incremental extension of credit), (2) provide for covenants and events of default
customary for Indebtedness of a similar nature as such Permitted Indebtedness and (3) provide for
subordination of payments of principal and interest in respect of such Indebtedness to the
Obligations and guarantees thereof under the First Lien Loan Documents customary for high

23

 

yield
securities and (ii) in respect of which no Subsidiary that is not an obligor under the First Lien
Loan Documents is an obligor; provided that immediately prior to and immediately after
giving effect on a pro forma basis to any incurrence of Permitted Indebtedness, no
Event of Default shall have occurred and be continuing or would result therefrom.

          “Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature.

          “Plan”: at a relevant time, any employee benefit plan as defined in Section 3(3) of
ERISA and in respect of which Holdings, the Borrower or any of its Subsidiaries is (or, if such
plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer”
as defined in Section 3(5) of ERISA.

          “Pledged Securities”: as defined in the Guarantee and Collateral Agreement.

          “Pledged Stock”: as defined in the Guarantee and Collateral Agreement.

          “Prime Rate”: as defined in the definition of “ABR”.

          “Property”: any right or interest in or to property of any kind whatsoever, whether
real, personal or mixed and whether tangible or intangible, including, without limitation, Capital
Stock.

          “Qualified Capital Stock”: any Capital Stock that is not Disqualified Capital Stock.

          “Recovery Event”: any settlement of or payment in respect of any property insurance
claim or casualty insurance claim or any condemnation proceeding relating to any asset of the
Borrower or any Subsidiary Guarantor, in an amount for each such event exceeding $5,000,000.

          “Refinancing”: the repayment of principal and interest of, the payment of any
required premium in respect of and the payment of all other amounts in connection with (i) the
termination of the commitments in respect of the Existing Credit Agreement, (ii) the redemption of
the 91/4% Senior Notes pursuant to the terms of the 91/4% Senior Notes Indenture and (iii) the
repurchase (whether upon conversion or otherwise) of the Convertible Notes.

          “Refunded Swingline Loans”: as defined in Section 2.7(b).

          “Register”: as defined in Section 10.6(b)(iv).

          “Regulation U”: Regulation U of the Board as in effect from time to time.

          “Reimbursement Obligation”: the obligation of the Borrower to reimburse an Issuing
Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit issued by such Issuing
Lender.

24

 

          “Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the aggregate
Net Cash Proceeds received by the Borrower or any Subsidiary Guarantor for its own account in
connection therewith that are not applied to prepay the Term Loans pursuant to Section 2.12 as a
result of the delivery of a Reinvestment Notice.

          “Reinvestment Event”: any Asset Sale or Recovery Event in respect of which a Loan
Party has delivered a Reinvestment Notice.

          “Reinvestment Notice”: a written notice signed on behalf of the Borrower or any
Subsidiary Guarantor by a Responsible Officer stating that the Borrower or such Subsidiary
Guarantor (directly or indirectly through a Subsidiary) intends and expects to use all or a
specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire assets
useful in its (or such Subsidiary’s) business.

          “Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less any amount committed to be expended
prior to the relevant Reinvestment Prepayment Date (a “Committed Reinvestment Amount”), or
actually expended prior to such date, in each case to acquire assets useful in the business.

          “Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier
of (i) the date occurring 12 months after such Reinvestment Event and (ii) with respect to any
portion of a Reinvestment Deferred Amount, the date on which the Borrower or Subsidiary Guarantor
shall have determined not to acquire assets useful in its or such Subsidiary’s business with such
portion of such Reinvestment Deferred Amount.

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

          “Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in reorganization within the meaning of Section 4241 of ERISA.

          “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other
than those events as to which the thirty day notice period is waived by the PBGC in accordance with
the regulations thereunder.

          “Representatives”: as defined in Section 10.14.

          “Required Lenders”: at any time, the holders of more than 50% of (a) until the
Closing Date, the Commitments then in effect and (b) thereafter, the sum of (i) the aggregate
unpaid principal amount of the Term Loans then outstanding and (ii) the Revolving
Commitments then in effect or, if the Revolving Commitments have been terminated, the
Revolving Extensions of Credit then outstanding.

          “Required Prepayment Lenders”: the Majority Facility Lenders in respect of the Term
Facility.

25

 

          “Requirement of Law”: as to any Person, the certificate of incorporation and by-laws
or other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of a court or other Governmental Authority, in each case applicable to
or binding upon such Person or any of its property or to which such Person or any of its property
is subject.

          “Responsible Officer”: the chief executive officer, president, chief financial
officer (or similar title), chief operating officer, controller or treasurer (or similar title) of
Holdings or the Borrower, as applicable, or (with respect to Section 6.7) any Subsidiary and, with
respect to financial matters, the chief financial officer (or similar title) or treasurer (or
similar title) of Holdings or the Borrower, as applicable.

          “Restricted Payments”: as defined in Section 7.6.

          “Revolving Commitment Period”: the period from any date after the Closing Date to but
excluding the Business Day preceding the Revolving Termination Date.

          “Revolving Commitments”: as to any Lender, the obligation of such Lender, if any, to
make Revolving Loans and participate in Swingline Loans and Letters of Credit in an aggregate
principal and/or face amount not to exceed the amount set forth under the heading “Revolving
Commitment” opposite such Lender’s name on the Lender Addendum delivered by such Lender, or, as the
case may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto,
as the same may be changed from time to time pursuant to the terms hereof. The original aggregate
amount of the Revolving Commitments is $30,000,000.

          “Revolving Extensions of Credit”: as to any Revolving Lender at any time, an amount
equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender
then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding
and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans
then outstanding.

          “Revolving Facility”: as defined in the definition of “Facility”.

          “Revolving Lender”: each Lender that has a Revolving Commitment or that holds
Revolving Loans.

          “Revolving Loans”: as defined in Section 2.4.

          “Revolving Percentage”: as to any Revolving Lender at any time, the percentage which
such Lender’s Revolving Commitment then constitutes of the aggregate Revolving Commitments of all
Lenders or, at any time after the Revolving Commitments shall have expired
or terminated, the percentage which the aggregate principal amount of such Lender’s Revolving
Loans then outstanding constitutes of the aggregate principal amount of the Revolving Loans then
outstanding, provided that in the event that the Revolving Loans are paid in full prior to
the reduction to zero of the Revolving Extensions of Credit, the Revolving Percentage of any
Revolving Lender shall be determined by dividing (x) such Lender’s Revolving Percentage of the L/C
Obligations then outstanding plus such Lender’s Revolving Percentages of the aggregate

26

 

principal
amount of Swingline Loans then outstanding by (y) all of the L/C Obligations then outstanding plus
the aggregate principal amount of Swingline Loans then outstanding.

          “Revolving Termination Date”: August 16, 2013.

          “S&P”: Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies,
Inc., or any successor to the rating agency business thereof.

          “SEC”: the Securities and Exchange Commission (or successors thereto or an analogous
Governmental Authority).

          “Second Lien Credit Agreement”: the Second Lien Credit Agreement dated as of the date
hereof and as amended, supplemented or otherwise modified from time to time in accordance with
Section 7.8(b) hereof among Holdings, the Initial Borrower, the Surviving Borrower, the Second Lien
Lenders, JPMorgan Chase Bank, N.A., as syndication agent, Lehman Commercial Paper Inc., as
administrative agent and collateral agent, and Lehman Brothers Inc. and J.P. Morgan Securities
Inc., as joint lead arrangers and joint bookrunners, including any replacement thereof entered into
in connection with one or more refinancings thereof permitted hereunder.

          “Second Lien Lenders”: the Persons referred to as “Lenders” in the Second Lien Credit
Agreement.

          “Second Lien Loan Documents”: the “Second Lien Loan Documents” referred to in the
Second Lien Credit Agreement.

          “Second Lien Loans”: the loans made by the Second Lien Lenders pursuant to the Second
Lien Credit Agreement.

          “Second Lien Security Documents”: the “Second Lien Security Documents” referred to in
the Second Lien Credit Agreement.

          “Secured Parties”: collectively, the Lenders, the Administrative Agent, the
Collateral Agent, the Swingline Lender, any Issuing Lender, any other holder from time to time of
any of the Obligations (in their capacities as holders thereof) and, in each case, their respective
successors and permitted assigns.

          “Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but which is
not a Multiemployer Plan.

          “Solvent”: 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
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

27

 

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”, (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 and (iii) except as otherwise provided by
applicable law, the amount of “contingent liabilities” at any time shall be the amount thereof
which, in light of all the facts and circumstances existing at such time, can reasonably be
expected to become actual or matured liabilities.

          “Specified Asset”: either Specified Business, as applicable.

          “Specified Asset Sale”: the Disposition by the Borrower or any of its Subsidiaries
within 12 months of the Closing Date of either Specified Business.

          “Specified Asset Sale Multiple”: with respect to a Specified Asset Sale, the ratio of
(a) the Net Cash Proceeds received by the Borrower or any Subsidiary in connection with such
Specified Asset Sale to (b) Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries for
the most recently ended period of four consecutive fiscal quarters of Holdings directly
attributable to the Specified Assets.

          “Specified Business”: two businesses that shall have been identified to the
Administrative Agent in writing prior to the Closing Date.

          “Specified Equity Contribution”: as defined in the definition of Consolidated EBITDA.

          “Specified Hedge Agreement”: any Hedge Agreement (a) entered into by (i) the Borrower
or any of its Subsidiaries and (ii) any Lender or any Affiliate thereof at the time such Hedge
Agreement was entered into, as counterparty and (b) that has been designated by such Lender and the
Borrower, by notice to the Administrative Agent, as a Specified Hedge Agreement. The designation
of any Hedge Agreement as a Specified Hedge Agreement shall not create in favor of the Lender or
affiliate thereof that is a party thereto any rights in connection with the management or release
of any Collateral or of the obligations of any Guarantor under the Guarantee and Collateral
Agreement.

          “Specified Representations”: (a) the representations made by the Company in the
Acquisition Agreement, but only to the extent that Holdings has the right to terminate its
obligations under the Acquisition Agreement in the event that any such representations are not true
and (b) the representations and warranties set forth in Sections 4.2(a), 4.3, 4.4, 4.11, 4.13 and
4.17.

28

 

          “Sponsor”: One Equity Partners II, L.P., Rho Capital Partners, Inc., Brencourt Credit
Opportunities Master, Ltd and Brencourt BD, LLC and any Affiliates thereof (but excluding any
portfolio companies of the foregoing).

          “Subsidiary”: as to any Person, a corporation, partnership, limited liability company
or other entity of which shares of stock or other ownership interests having ordinary voting power
(other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or other managers of such
corporation, partnership or other entity are at the time owned, or the management of which is
otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such
Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this
Agreement shall refer to a direct or indirect Subsidiary or Subsidiaries of the Borrower;
provided, that in determining the percentage of ownership interests of any Person
controlled by another Person, no ownership interest in the nature of a director’s “qualifying
share” of the former Person shall be deemed to be outstanding.

          “Subsidiary Guarantors”: each wholly-owned Domestic Subsidiary (other than any
Immaterial Subsidiary).

          “Surviving Borrower”: as defined in the preamble of this Agreement.

          “Swingline Commitment”: the obligation of the Swingline Lender to make Swingline
Loans pursuant to Section 2.6(a) in an aggregate principal amount at any one time outstanding not
to exceed $10,000,000.

          “Swingline Lender”: (a) LCPI, in its capacity as the lender of Swingline Loans or (b)
upon the resignation of LCPI, any Revolving Lender from time to time designated by the Borrower as
the Swingline Lender (with the consent of such other Revolving Lender (in its sole discretion)).

          “Swingline Loans”: as defined in Section 2.6(a).

          “Swingline Participation Amount”: as defined in Section 2.7(c).

          “Syndication Agent”: as defined in the preamble hereto.

          “Term Commitment”: as to any Lender, the obligation of such Lender, if any, to make a
Term Loan to the Borrower in a principal amount not to exceed the amount set forth under the
heading “Term Commitment” opposite such Lender’s name on the Lender Addendum delivered by such
Lender, or, as the case may be, in the Assignment and Assumption pursuant to
which such Lender became a party hereto. The original aggregate amount of the Term
Commitments is $430,000,000.

          “Term Facility”: as defined in the definition of “Facility”.

          “Term Lender”: each Lender that has a Term Commitment or that holds a Term Loan.

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          “Term Loan”: as defined in Section 2.1.

          “Term Maturity Date”: the seventh anniversary of the Closing Date.

          “Term Percentage”: as to any Term Lender at any time, the percentage which the sum of
such Lender’s Term Commitments then constitutes of the aggregate Term Commitments (or, at any time
after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term
Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then
outstanding).

          “Tranche”: as defined in Section 2.25.

          “Transactions”: collectively, (a) the consummation of the Acquisition Transactions
and the Refinancing; (b) the execution and delivery of the First Lien Loan Documents and the Second
Lien Loans Documents and the incurrence of the obligations thereunder; (c) the Equity Financing;
and (d) the payment of all fees and expenses to be paid on or prior to the Closing Date and owing
in connection with the foregoing.

          “Transferee”: any Assignee or Participant.

          “Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

          “United States”: the United States of America.

          “Vehicles”: all cars, trucks, trailers, construction and earth moving equipment and
other vehicles covered by a certificate of title law of any state or province.

          1.2 Other Definitional Provisions. (a) Unless otherwise specified
therein, all terms defined in this Agreement shall have the defined meanings when used in the other
First Lien Loan Documents or any certificate or other document made or delivered pursuant hereto or
thereto.

          (b) As used herein and in the other First Lien Loan Documents, and any certificate or other
document made or delivered pursuant hereto or thereto, (i) accounting terms relating to Holdings,
the Borrower and its Subsidiaries not defined in Section 1.1 and accounting terms partly defined in
Section 1.1, to the extent not defined, shall have the respective meanings given to them under
GAAP, (ii) the words “include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”, and (iii) references to agreements or other
Contractual Obligations shall, unless otherwise specified, be deemed to refer to such
agreements or Contractual Obligations as amended, supplemented, restated or otherwise modified from
time to time.

          (c) The words “hereof”, “herein” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of
this Agreement, and Annex, Section, Schedule and Exhibit references are to this Agreement unless
otherwise specified.

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          (d) The term “license” shall include sub-license.

          (e) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

SECTION 2. AMOUNT AND TERMS OF COMMITMENTS

          2.1 Term Commitments. Subject to the terms and conditions hereof, each Term
Lender severally agrees to make a term loan (a “Term Loan”) in Dollars to the Initial
Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such
Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by
the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.

          2.2 Procedure for Term Loan Borrowing. The Initial Borrower shall give the
Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent
prior to 5:00 P.M., New York City time, one Business Day prior to the anticipated Closing Date)
requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount
to be borrowed. Subject to satisfaction (or waiver) of the conditions precedent specified in
Section 5.1, not later than 9 A.M., New York City time, on the Closing Date, the Administrative
Agent shall credit the account(s) designated in writing by the Initial Borrower to the
Administrative Agent with the aggregate amount of the Term Loans requested by the Borrower in
immediately available funds. The Term Loans made on the Closing Date shall initially be ABR Loans
unless the initial Term Lenders and the Administrative Agent otherwise agree. Upon receipt of such
borrowing notice the Administrative Agent shall promptly notify each Term Lender thereof. Not
later than 3:00 P.M., New York City time, on the Closing Date each Term Lender shall make available
to the Administrative Agent at the Funding Office an amount in immediately available funds equal to
the Term Loan or Term Loans to be made by such Lender.

          2.3 Repayment of Term Loans. The Term Loan of each Term Lender shall be
payable in equal consecutive quarterly installments, commencing on December 31, 2007, on the last
Business Day of each of December, March, June and September following the Closing Date in an amount
equal to one
quarter of one percent (0.25%) of the Term Loans funded on the Closing Date (as adjusted to
reflect any prepayments thereof), with the remaining balance thereof payable on the Term Maturity
Date.

          2.4 Revolving Commitments. (a) Subject to the terms and conditions hereof,
each Revolving Lender severally agrees to make revolving credit loans (“Revolving Loans”)
in Dollars to the Borrower from time to time during the Revolving Commitment Period in an aggregate
principal amount at any one time outstanding which when added to such Lender’s Revolving Percentage
of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of
the Swingline Loans then outstanding, after giving effect to the making of such Revolving Loans,
does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment
Period the Borrower may use the Revolving

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Commitments by borrowing, prepaying the Revolving Loans
in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The
Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, in each case, as determined
by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and 2.13.

          (b) The Borrower shall repay all outstanding Revolving Loans made to it on the Revolving
Termination Date.

          2.5 Procedure for Revolving Loan Borrowing. The Borrower may borrow under
the Revolving Commitments during the Revolving Commitment Period on any Business Day;
provided that the Borrower shall give the Administrative Agent irrevocable notice (which
notice must be received by the Administrative Agent (i) in the case of Eurodollar Loans, prior to
1:00 P.M., New York City time, three Business Days prior to the requested Borrowing Date or (ii) in
the case of ABR Loans, prior to 1:00 P.M., New York City time, one Business Day prior to the
requested Borrowing Date), specifying (A) the amount and Type of Revolving Loans to be borrowed,
(B) the requested Borrowing Date, (C) whether such Revolving Loan is to be an ABR Loan or a
Eurodollar Loan and (D) in the case of Eurodollar Loans, the respective amounts of each such Type
of Loan and the respective lengths of the initial Interest Period therefor. Any Revolving Loans
made on the Closing Date shall initially be ABR Loans. Each borrowing by the Borrower under the
Revolving Commitments shall be in an amount equal to (x) in the case of ABR Loans, $500,000 or a
whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving
Commitments are less than $500,000, such lesser amount) and (y) in the case of Eurodollar Loans,
$1,000,000 or a whole multiple of $100,000 in excess thereof; provided that the Swingline
Lender may request, on behalf of the Borrower, borrowings under the Revolving Commitments that are
ABR Loans in other amounts pursuant to Section 2.7(a). Upon receipt of any such notice from the
Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each
Revolving Lender will make the amount of its pro rata share of each borrowing
available to the Administrative Agent for the account of the Borrower at the Funding Office prior
to 2:00 P.M., New York City time, on the Borrowing Date requested by the Borrower in funds
immediately available to the Administrative Agent. Such borrowing will
thereupon promptly be made available to the Borrower by the Administrative Agent crediting the
account of the Borrower on the books of such office with the aggregate of the amounts made
available to the Administrative Agent by the Revolving Lenders and in like funds as received by the
Administrative Agent.

          If no election as to the Type of a Revolving Loan is specified, then the requested Loan shall
be an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar Loan,
the Interest Period with respect to such requested Loan shall be for one month from the borrowing
date.

          2.6 Swingline Commitment. (a) Subject to the terms and conditions hereof,
the Swingline Lender agrees to make a portion of the credit otherwise available to the Borrower
under the Revolving Commitments from time to time during the Revolving Commitment Period by making
swing line loans (“Swingline Loans”) in Dollars to the Borrower; provided that (i)
the aggregate principal amount of Swingline Loans outstanding at any time shall not exceed the
Swingline Commitment then in effect (notwithstanding that the Swingline Loans outstanding at

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any
time, when aggregated with the Swingline Lender’s other outstanding Revolving Loans, may exceed the
Swingline Commitment then in effect) and (ii) the Borrower shall not request, and the Swingline
Lender shall not make, any Swingline Loan if, after giving effect to the making of such Swingline
Loan, the aggregate amount of the aggregate Available Revolving Commitments of all Lenders would be
less than zero. During the Revolving Commitment Period, the Borrower may use the Swingline
Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions
hereof. Swingline Loans shall be ABR Loans only.

          (b) The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each
Swingline Loan on the Revolving Termination Date.

          2.7 Procedure for Swingline Borrowing; Refunding of Swingline Loans. (a)
Whenever the Borrower desires that the Swingline Lender make Swingline Loans it shall give the
Swingline Lender and the Administrative Agent irrevocable written notice (which notice must be
received by the Swingline Lender and the Administrative Agent not later than 12:00 Noon, New York
City time, on the proposed Borrowing Date), specifying (i) the amount to be borrowed and (ii) the
requested Borrowing Date (which shall be a Business Day during the Revolving Commitment Period).
Each borrowing under the Swingline Commitment shall be in an amount equal to $100,000 or a whole
multiple of $100,000 in excess thereof. Not later than 2:00 P.M., New York City time, on the
Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender shall make
available to the Administrative Agent at the Funding Office an amount in immediately available
funds equal to the amount of the Swingline Loan to be made by the Swingline Lender. The
Administrative Agent shall thereupon make the proceeds of such Swingline Loan available to the
Borrower on such Borrowing Date by promptly depositing such proceeds in the account designated by
the Borrower in immediately available funds.

          (b) The Swingline Lender, at any time and from time to time in its sole and absolute
discretion may, on behalf of the Borrower (which hereby irrevocably directs the Swingline Lender to
act on its behalf), on one Business Day’s notice given by the Swingline Lender no later than 12:00
Noon, New York City time, request each Revolving Lender to make, and each Revolving Lender hereby
agrees to make, a Revolving Loan, in an amount equal to such Revolving Lender’s Revolving
Percentage of the aggregate amount of the Swingline Loans (the “Refunded Swingline Loans”)
outstanding on the date of such notice, to repay the Swingline Lender. Each Revolving Lender shall
make the amount of such Revolving Loan available to the Administrative Agent at the Funding Office
in immediately available funds, not later than 10:00 A.M., New York City time, one Business Day
after the date of such notice. The proceeds of such Revolving Loans shall be immediately made
available by the Administrative Agent to the Swingline Lender for application by the Swingline
Lender to the repayment of the Refunded Swingline Loans.

          (c) If prior to the time a Revolving Loan would have otherwise been made pursuant to Section
2.7(b), one of the events described in Section 8(f) shall have occurred and be continuing with
respect to the Borrower or if for any other reason, as determined by the Swingline Lender in its
sole discretion, Revolving Loans may not be made as contemplated by Section 2.7(b), each Revolving
Lender shall, on the date such Revolving Loan was to have been

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made pursuant to the notice referred
to in Section 2.7(b), purchase for cash an undivided participating interest in the then outstanding
Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation
Amount”) equal to in the case of Swingline Loans, (A) such Revolving Lender’s Revolving
Percentage times (B) the sum of the aggregate principal amount of Swingline Loans then outstanding
that were to have been repaid with such Revolving Loans.

          (d) Whenever, at any time after the Swingline Lender has received from any Revolving Lender
such Lender’s Swingline Participation Amount with respect to any Swingline Loans, the Swingline
Lender receives any payment on account of such Swingline Loans, the Swingline Lender will
distribute to such Lender its Swingline Participation Amount with respect thereto (appropriately
adjusted, in the case of interest payments, to reflect the period of time during which such
Lender’s participating interest was outstanding and funded and, in the case of principal and
interest payments, to reflect such Lender’s pro rata portion of such payment if such payment is not
sufficient to pay the principal of and interest on all such Swingline Loans then due);
provided, however, that in the event that such payment received by the Swingline
Lender is required to be returned, such Lender will return to the Swingline Lender any portion
thereof previously distributed to it by the Swingline Lender.

          (e) Each Revolving Lender’s obligation to make the Loans referred to in Section 2.7(b) and to
purchase participating interests pursuant to Section 2.7(c) shall be absolute and unconditional and
shall not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment,
defense or other right that such Revolving Lender or the Borrower may have against the Swingline
Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence or
continuance of a Default or an Event of Default or the failure to satisfy any of the other
conditions specified in Section 5, (iii) any adverse change in the condition (financial or
otherwise) of the Borrower, (iv) any breach of this Agreement or any
other First Lien Loan Document by the Borrower, any other Loan Party or any other Lender or
(v) any other circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing.

          2.8 Repayment of Loans. (a) The Borrower hereby unconditionally promises
to pay to the Administrative Agent for the account of the appropriate Revolving Lender or Term
Lender, as the case may be, (i) the then unpaid principal amount of each Revolving Loan of such
Revolving Lender made to the Borrower outstanding on the Revolving Termination Date (or on such
earlier date on which the Loans become due and payable pursuant to Section 8) and (ii) the
principal amount of each outstanding Term Loan of such Term Lender made to the Borrower in
installments according to the amortization schedule set forth in Section 2.3 (or on such earlier
date on which the Loans become due and payable pursuant to Section 8). The Borrower hereby further
agrees to pay interest on the unpaid principal amount of the Loans made to the Borrower from time
to time outstanding from the date hereof until payment in full thereof at the rates per annum, and
on the dates, set forth in Section 2.15.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Borrower to such Lender resulting from each Loan of

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such Lender from
time to time, including the amounts of principal and interest payable and paid to such Lender from
time to time under this Agreement.

          (c) The Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant
to Section 10.6(b)(iv), and a subaccount therein for each Lender, in which shall be recorded (i)
the amount of each Loan made hereunder and any Note evidencing such Loan, the Type of such Loan and
each Interest Period applicable thereto, (ii) the amount of any principal, interest and fees, as
applicable, due and payable or to become due and payable from the Borrower to each Lender hereunder
and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower
and each Lender’s share thereof.

          (d) The entries made in the Register and the accounts of each Lender maintained pursuant to
Section 2.8(c) shall, to the extent permitted by applicable law, be prima facie evidence of the
existence and amounts of the obligations of the Borrower therein recorded (absent manifest error);
provided, however, that the failure of the Administrative Agent or any Lender to
maintain the Register or any such account, or any error therein, shall not in any manner affect the
obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by
such Lender in accordance with the terms of this Agreement.

          (e) Any Lender may request that the Loans made by it be evidenced by a promissory note. In
such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note
payable to the order of such Lender (or, if requested by such Lender, to such Lender and its
registered assigns) and in the form attached hereto as Exhibit K. Thereafter, the Loans evidenced
by such promissory note and interest thereon shall at all times (including after assignment
pursuant to Section 10.6) be represented by one or more promissory notes in such
form payable to the order of the payee named therein (or, if such promissory note is a
registered not, to such payee and its registered assigns).

          2.9 Commitment Fees, etc. (a) The Borrower agrees to pay to the
Administrative Agent for the account of each Revolving Lender a commitment fee for the period from
and including the Closing Date to the last day of the Revolving Commitment Period, computed at the
Applicable Commitment Fee Rate on the average daily amount of the Available Revolving Commitment of
such Lender during the period for which payment is made, payable quarterly in arrears on each Fee
Payment Date.

          (b) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the
dates as set forth in any fee agreements with the Administrative Agent.

          2.10 Termination or Reduction of Revolving Commitments. The Borrower shall
have the right, upon not less than two Business Days’ notice to the Administrative Agent, to
terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving
Commitments; provided that no such termination or reduction of such Revolving Commitments
shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans
made on the effective date thereof, the total Revolving Extensions of Credit would exceed the total
Revolving Commitments. Any such partial reduction shall be in an

35

 

amount equal to $500,000, or a
whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect.

          2.11 Optional Prepayments. (a) The Borrower may at any time and from time
to time prepay the Revolving Loans or the Term Loans, in whole or in part, without premium or
penalty, upon irrevocable notice delivered to the Administrative Agent no later than 1:00 P.M., New
York City time, three Business Days prior thereto, in the case of Eurodollar Loans, and no later
than 1:00 P.M., New York City time, one Business Day prior thereto, in the case of ABR Loans, which
notice shall specify (i) the date and amount of prepayment, (ii) whether the prepayment is of
Revolving Loans or Term Loans and (iii) whether the prepayment is of Eurodollar Loans or ABR Loans;
provided that if a Eurodollar Loan is prepaid on any day other than the last day of the
Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to
Section 2.21. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be
due and payable on the date specified therein (provided that such notice may be conditioned
on receiving the proceeds of any refinancing or Disposition of Property), together with (except in
the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date
on the amount prepaid. Partial prepayments of Term Loans and Revolving Loans shall be in an
aggregate principal amount of (i) $500,000 or a whole multiple of $100,000 in excess thereof (in
the case of prepayments of ABR Loans) or (ii) $1,000,000 or a whole multiple of $100,000 in excess
thereof (in the case of prepayments of Eurodollar Loans), and in
each case shall be subject to the provisions of Section 2.18. Partial prepayments of
Swingline Loans shall be in an aggregate principal amount of $500,000 or a whole multiple of
$100,000 in excess thereof.

          (b) Amounts to be applied with connection with prepayments pursuant to Section 2.11 shall be
applied to the prepayment of the Term Loans in accordance with Section 2.18(a) until paid in full.

          2.12 Mandatory Prepayments. (a) Unless the Required Prepayment Lenders
shall otherwise agree, if any indebtedness for borrowed money (excluding any Indebtedness permitted
to be incurred in accordance with Section 7.2 or incurred with the consent of the Required
Prepayment Lenders) shall be incurred by the Borrower or any of its Subsidiaries an amount equal to
100% of the Net Cash Proceeds thereof shall be applied within two Business Days of the date of
receipt of such Net Cash Proceeds toward the prepayment of the Term Loans as set forth in Section
2.12(d).

          (b) Unless the Required Prepayment Lenders shall otherwise agree, if on any date any of the
Borrower or any Subsidiary Guarantor shall for its own account receive Net Cash Proceeds from any
Asset Sale or Recovery Event then, unless a Reinvestment Notice shall be delivered in respect
thereof, such Net Cash Proceeds shall be applied within two Business Days of such date toward the
prepayment of the Term Loans as set forth in Section 2.12(d); provided that notwithstanding
the foregoing, (i) on the date (the “Trigger Date”) that is six months after the applicable
Reinvestment Prepayment Date, the Term Loans shall be prepaid as set forth in Section 2.12(d) by an
amount equal to the portion of any Committed Reinvestment Amount with respect to the relevant
Reinvestment Event not actually expended by such Trigger Date and (ii) if

36

 

the Borrower or any
Subsidiary Guarantor shall receive Net Cash Proceeds from any Specified Asset Sale, then (x) if the
Specified Asset Sale Multiple is greater than the lower of (A) 5.00:1.00 and (B) the Consolidated
Total Leverage Ratio on the date such Specified Asset Sale is consummated after giving pro forma
effect to such Specified Asset Sale (the lower of (A) and (B) the “Applicable Leverage
Ratio”), then the portion of such Net Cash Proceeds equal to the product of the Applicable
Leverage Ratio multiplied by Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries
directly attributable to such Specified Asset being disposed of shall be applied within two
Business Days of such date toward the prepayment of the Term Loans as set forth in Section 2.12(d)
with the remainder permitted to be applied in accordance with and subject to compliance with
Section 7.6(h) and (y) otherwise, 100% of such Net Cash Proceeds shall be applied within two
Business Days of the date on which such Net Cash Proceeds are received toward the prepayment of the
Term Loans as set forth in Section 2.12(d).

          (c) Unless the Required Prepayment Lenders shall otherwise agree, if, for any fiscal year of
Holdings commencing with the fiscal year ending June 30, 2008 (if the fiscal year of Holdings ends
on June 30) or December 31, 2008 (if the fiscal year of Holdings ends on December 31), there shall
be Excess Cash Flow, the Borrower shall, on the relevant Excess Cash Flow Application Date
thereafter, apply an amount equal to (i) the Excess Cash Flow Percentage of such Excess Cash Flow
minus (ii) the aggregate amount of all optional prepayments of Revolving Loans and
Swingline Loans during such fiscal year to the extent accompanied by
permanent optional reductions of the Revolving Commitments and all optional prepayments of the
Term Loans during such fiscal year, in each case other than to the extent any such prepayment is
funded with the proceeds of new long-term indebtedness for borrowed money, toward the prepayment of
the Term Loans as set forth in Section 2.12(d). Each such prepayment shall be made on a date (an
“Excess Cash Flow Application Date”) no later than three Business Days after the date on
which the financial statements of Holdings referred to in Section 6.1(a), for the fiscal year with
respect to which such prepayment is made, are required to be delivered to the Lenders.

          (d) Amounts to be applied in connection with prepayments pursuant to Section 2.12 shall be
applied to the prepayment of the Term Loans in accordance with Section 2.18(b) until paid in full.
The application of any prepayment pursuant to Section 2.12 shall be made, first, to ABR
Loans and, second, to Eurodollar Loans. Each prepayment of the Term Loans under Section
2.12 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

          (e) Notwithstanding anything to the contrary in Section 2.12(d) or 2.18, with respect to the
amount of any mandatory prepayment described in Section 2.12 that is allocated to Term Loans
(which, for avoidance of doubt, includes any New Term Loans) (such amounts, the “Prepayment
Amount”), at any time when Term Loans remain outstanding, the Borrower will, in lieu of
applying such amount to the prepayment of Term Loans as provided in paragraph (d) above, on the
date specified in Section 2.12 for such prepayment, give the Administrative Agent telephonic notice
(promptly confirmed in writing) requesting that the Administrative Agent prepare and provide to
each Term Lender (which, for avoidance of doubt, includes each New Term Lender) a notice (each, a
“Prepayment Option Notice”) as described below. As promptly as practicable after receiving
such notice from the Borrower, the Administrative Agent will send

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to each Term Lender a Prepayment
Option Notice, which shall be in the form of Exhibit I (or such other form approved by the
Administrative Agent), and shall include an offer by the Borrower to prepay on the date (each a
“Mandatory Prepayment Date”) that is ten Business Days after the date of the Prepayment
Option Notice, the relevant Term Loans of such Lender by an amount equal to the portion of the
Prepayment Amount indicated in such Lender’s Prepayment Option Notice as being applicable to such
Lender’s Term Loans. On the Mandatory Prepayment Date, (i) the Borrower shall pay to the relevant
Term Lenders the aggregate amount necessary to prepay that portion of the outstanding relevant Term
Loans in respect of which such Lenders have accepted (it being understood that any Lender’s failure
to object prior to the relevant Mandatory Prepayment Date shall be deemed as an acceptance by such
Lender of such Prepayment Option Notice and the amount to be prepaid in respect of Term Loans held
by such Lender) prepayment as described above and (ii) the Borrower shall offer to pay to such
accepting Term Lenders an amount equal to the portion of the aggregate Prepayment Amount not
accepted by the relevant Term Lenders, and (to the extent accepted by any or all of such accepting
Term Lenders) such amount shall be applied to the prepayment of the Term Loans held by such Term
Lenders ratably based upon the aggregate principal amount of such Loans; provided that,
following such offer and application, any amount remaining unapplied shall be returned to the
Borrower.

          2.13 Conversion and Continuation Options. (a) The Borrower may elect from time to time to convert Eurodollar Loans made to the Borrower
to ABR Loans by giving the Administrative Agent prior irrevocable notice of such election no later
than 1:00 P.M., New York City time, on the second Business Day preceding the proposed conversion
date; provided that if any Eurodollar Loan is so converted on any day other than the last
day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing
pursuant to Section 2.21. The Borrower may elect from time to time to convert ABR Loans made to
the Borrower to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice of
such election no later than 1:00 P.M., New York City time, on the third Business Day preceding the
proposed conversion date (which notice shall specify the length of the initial Interest Period
therefor); provided that no ABR Loan under a particular Facility may be converted into a
Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative
Agent or the Majority Facility Lenders in respect of such Facility have determined in its or their
sole discretion not to permit such conversions. Upon receipt of any such notice the Administrative
Agent shall promptly notify each relevant Lender thereof.

          (b) Any Eurodollar Loan may be continued as such by the Borrower giving irrevocable notice to
the Administrative Agent, in accordance with the applicable provisions of the term “Interest
Period” set forth in Section 1.1 and no later than 1:00 P.M., New York City time, on the third
Business Day preceding the proposed continuation date, of the length of the next Interest Period to
be applicable to such Loans; provided that if any Eurodollar Loan is so continued on any
day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay
any amounts owing pursuant to Section 2.21 and; provided, further, that no
Eurodollar Loan under a particular Facility may be continued as such when any Event of Default has
occurred and is continuing and the Administrative Agent has or the Majority Facility Lenders in
respect of such Facility have determined in its or their sole discretion not to permit such
continuations and; provided, further, that if the Borrower shall fail to give any
required

38

 

notice as described above in this paragraph or if such continuation is not permitted
pursuant to the preceding proviso such Loans shall be automatically converted to ABR Loans on the
last day of such then expiring Interest Period. Upon receipt of any such notice the Administrative
Agent shall promptly notify each relevant Lender thereof.

          2.14 Minimum Amounts and Maximum Number of Eurodollar Tranches.
Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions,
continuations and optional prepayments of Eurodollar Loans and all selections of Interest Periods
shall be in such amounts and be made pursuant to such elections so that (a) after giving effect
thereto, the aggregate principal amount of the Eurodollar Loans comprising each tranche of
Eurodollar Loans shall be equal to a minimum of $1,000,000 or a whole multiple of $100,000 in
excess thereof and (b) no more than 15 tranches of Eurodollar Loans shall be outstanding at any one
time.

          2.15 Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall
bear interest for each day during each Interest Period with respect thereto at a rate per annum
equal to the Eurodollar Rate determined for such day plus the Applicable Margin.

          (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable
Margin.

          (c) (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation
shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such
overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the
rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this
Section plus 2% or (y) in the case of Reimbursement Obligations, the rate applicable to ABR
Loans under the Revolving Facility plus 2%, and (ii) if all or a portion of any interest
payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable
hereunder shall not be paid when due (whether at the stated maturity, by acceleration or
otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then
applicable to ABR Loans under the relevant Facility plus 2% (or, in the case of any such
other amounts that do not relate to a particular Facility, the rate then applicable to ABR Loans
under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii)
above, from the date of such non-payment until such amount is paid in full (as well after as before
judgment).

          (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date;
provided that interest accruing pursuant to paragraph (c) of this Section shall be payable
from time to time on demand.

          2.16 Computation of Interest and Fees. (a) Interest and fees payable
pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed,
except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of
the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the
case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as
practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar
Rate. Any

39

 

change in the interest rate on a Loan resulting from a change in the ABR or the
Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day
on which such change becomes effective. The Administrative Agent shall as soon as practicable
notify the Borrower and the relevant Lenders of the effective date and the amount of each such
change in interest rate.

          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be presumptively correct in the absence of manifest error. The
Administrative Agent shall, at the request of the Borrower, promptly deliver to the Borrower a
statement showing the quotations used by the Administrative Agent in determining any interest rate
pursuant to Section 2.15(a) and Section 2.15(b).

          2.17 Inability to Determine Interest Rate. If prior to the first day of any
Interest Period for any Eurodollar Loan:

     (a) the Administrative Agent shall have determined (which determination shall be
presumptively correct absent manifest error) that, by reason of circumstances affecting the
relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar
Rate for such Interest Period, or

     (b) the Administrative Agent shall have received notice from the Majority Facility
Lenders in respect of the relevant Facility that by reason of any changes arising after the
date of this Agreement the Eurodollar Rate determined or to be determined for such Interest
Period will not adequately and fairly reflect the cost to such Lenders (as certified by such
Lenders) of making or maintaining their affected Loans during such Interest Period,

the Administrative Agent shall give telecopy notice thereof to the Borrower and the relevant
Lenders as soon as practicable thereafter. If such notice is given (x) any Eurodollar Loans under
the relevant Facility requested to be made on the first day of such Interest Period shall be made
as ABR Loans, (y) any Loans under the relevant Facility that were to have been converted on the
first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any
outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the
then-current Interest Period with respect thereto, to ABR Loans. Until such notice has been
withdrawn by the Administrative Agent (which action the Administrative Agent will take promptly
after the conditions giving rise to such notice no longer exist), no further Eurodollar Loans under
the relevant Facility shall be made or continued as such, nor shall the Borrower have the right to
convert Loans under the relevant Facility to Eurodollar Loans.

          2.18 Pro Rata Treatment and Payments. (a) Each borrowing by the Borrower
from the Lenders hereunder, each payment by the Borrower on account of any commitment fee and any
reduction of the Revolving Commitments of the Lenders shall be made pro rata
according to the respective Term Percentages or Revolving Percentages, as the case may be, of the
relevant Lenders. Each payment (other than prepayments) in respect of principal or interest in
respect of the Term Loans and each payment in respect of fees payable hereunder shall be

40

 

applied to
the amounts of such obligations owing to the Term Lenders, pro rata according to
the respective amounts then due and owing to such Lenders.

          (b) Subject to Section 2.12(d), each optional and mandatory prepayment on account of principal
of and interest on the Term Loans pursuant to Section 2.11 or 2.12 shall be applied to any
installments thereof in direct order of maturity. Amounts repaid or prepaid on account of the Term
Loans may not be reborrowed.

          (c) Each payment (including prepayments) by the Borrower on account of principal of and
interest on the Revolving Loans shall be made pro rata according to the
respective outstanding principal amounts of the Revolving Loans then held by the Revolving
Lenders. Each payment in respect of Reimbursement Obligations in respect of any Letter of Credit
shall be made to the Issuing Lender that issued such Letter of Credit.

          (d) All payments (including prepayments) by the Borrower hereunder, whether on account of
principal, interest, fees or otherwise, shall be made in Dollars without setoff or counterclaim and
shall be made prior to 2:00 P.M., New York City time, on the due date thereof to the Administrative
Agent, for the account of the relevant Lenders, at the Funding Office, in immediately available
funds. The Administrative Agent shall distribute such payments to the relevant Lenders promptly
upon receipt in like funds as received. If any payment hereunder (other than payments on the
Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be
extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and
payable on a day other than a Business Day, the maturity thereof shall be extended to the next
succeeding Business Day unless the result of such extension would be to extend such payment into
another calendar month, in which event such payment shall be made on the immediately preceding
Business Day. In the case of any extension of any payment of principal pursuant to the preceding
two sentences, interest thereon shall be payable at the then applicable rate during such extension.

          (e) Unless the Administrative Agent shall have been notified in writing by any Lender prior to
a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the Borrowing
Date therefor, such Lender shall pay to the Administrative Agent on demand, such amount with
interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, for the period until such Lender makes such amount immediately available to the
Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under this paragraph shall be presumptively correct in the absence of
manifest error. If such Lender’s share of such borrowing is not made available to the
Administrative Agent by such Lender within three Business Days after such Borrowing Date, the
Administrative Agent shall give notice of such fact to the Borrower and the Administrative Agent
shall also be entitled to recover such amount with interest thereon at the rate per annum
applicable to ABR Loans under the relevant Facility, on

41

 

demand, from the Borrower. Nothing herein
shall be deemed to limit the rights of the Administrative Agent or the Borrower against any
defaulting Lender.

          (f) Unless the Administrative Agent shall have been notified in writing by the Borrower prior
to the date of any payment due to be made by the Borrower hereunder that the Borrower will not make
such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is
making such payment, and the Administrative Agent may, but shall not be required to, in reliance
upon such assumption, make available to the relevant Lenders their respective pro
rata shares of a corresponding amount. If such payment is not made to the Administrative
Agent by the Borrower within three Business Days after such due date, the
Administrative Agent shall be entitled to recover, on demand, from each relevant Lender to
which any amount which was made available pursuant to the preceding sentence, such amount with
interest thereon at the rate per annum equal to the daily average Federal Funds Effective Rate.
Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender
against the Borrower.

          2.19 Requirements of Law. (a) If the adoption of or any change in any
Requirement of Law or in the interpretation or application thereof or compliance by any Lender with
any request or directive (whether or not having the force of law) from any central bank or other
Governmental Authority first made, in each case, subsequent to the date hereof:

     (i) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or
similar requirement against assets held by, deposits or other liabilities in or for the account of,
advances, loans or other extensions of credit by, or any other acquisition of funds by, any office
of such Lender that is not otherwise included in the determination of the Eurodollar Rate
hereunder; or

     (ii) shall impose on such Lender any other condition not otherwise contemplated hereunder
(other than any changes to any Excluded Tax or increase in the rate of any Excluded Tax);

and the result of any of the foregoing is to increase the cost to such Lender (other than an
Excluded Tax) by an amount which such Lender reasonably deems in good faith to be material, of
making, converting into, continuing or maintaining Eurodollar Loans or issuing or participating in
Letters of Credit (in each case hereunder), or to reduce any amount receivable hereunder in respect
thereof, then, in any such case, the Borrower shall promptly pay such Lender within 20 Business
Days after the Borrower’s receipt of a reasonably detailed invoice therefor (showing with
reasonable detail the calculations thereof), any additional amounts necessary to compensate such
Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to
claim any additional amounts pursuant to this Section, it shall promptly notify the Borrower (with
a copy to the Administrative Agent) of the event by reason of which it has become so entitled.
Notwithstanding the foregoing provisions of this Section 2.19(a), any right of the Administrative
Agent or a Lender to receive additional amounts on account of Non-Excluded Taxes or Other Taxes
shall be governed by Section 2.20.

          (b) If any Lender shall have reasonably determined that the adoption of or any change in any
Requirement of Law regarding capital adequacy or in the interpretation or application thereof or
compliance by such Lender or any corporation controlling such Lender

42

 

with any request or directive
regarding capital adequacy (whether or not having the force of law) from any Governmental Authority
first made, in each case, subsequent to the date hereof shall have the effect of reducing the rate
of return on such Lender’s or such corporation’s capital as a consequence of its obligations
hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or
such corporation could have achieved but for such adoption, change or compliance (taking into
consideration such Lender’s or such corporation’s written policies with respect to capital
adequacy) by an amount deemed in good faith by such Lender to be material, then from time to time,
after submission by such Lender to the Borrower (with a
copy to the Administrative Agent) of a reasonably detailed written request therefor
(consistent with the detail provided by such Lender to similarly situated borrowers), the Borrower
shall pay to such Lender such additional amount or amounts as will compensate such Lender or such
corporation for such reduction.

          (c) A certificate as to any additional amounts payable pursuant to this Section submitted by
any Lender to the Borrower (with a copy to the Administrative Agent) shall be presumptively correct
in the absence of manifest error. Notwithstanding anything to the contrary in this Section, the
Borrower shall not be required to compensate a Lender pursuant to this Section for any amounts
incurred more than six months prior to the date that such Lender notifies the Borrower of such
Lender’s intention to claim compensation therefor; provided that if the circumstances
giving rise to such claim have a retroactive effect, then such six-month period shall be extended
to include the period of such retroactive effect. The obligations of the Borrower pursuant to this
Section shall survive the termination of this Agreement and the payment of the Obligations.

          2.20 Taxes. (a) Except as otherwise provided in this Agreement, all
payments made by the Borrower under this Agreement shall be made free and clear of, and without
deduction or withholding for or on account of, any present or future taxes, levies, imposts,
duties, charges, fees, deductions, withholdings or Other Taxes, now or hereafter imposed, levied,
collected, withheld or assessed by any Governmental Authority responsible for administering taxes,
excluding (i) net or gross income taxes, net or gross profits or capital taxes and franchise taxes
(imposed in lieu of net or gross income taxes) imposed on the Administrative Agent or any Lender as
a result of a present, former or future connection between the Administrative Agent or such Lender
and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision
or taxing authority thereof or therein (other than any such connection arising solely from the
Administrative Agent or such Lender having executed, delivered or performed its obligations or
received a payment under, or enforced, this Agreement or any other First Lien Loan Document), (ii)
any branch profits taxes imposed by the United States or any similar tax imposed by any other
jurisdiction in which the Borrower is located and (iii) in the case of a Lender that is not a
“United States person” within the meaning of Code Section 7701(a)(30) (a “Non-U.S.
Lender”), any United States withholding tax that is imposed on amounts payable to such Non-U.S.
Lender at the time such Non-U.S. Lender becomes a party to this Agreement (or designates a new
lending office) or is attributable to such Non-U.S. Lender’s failure to comply with Section
2.20(d), except to the extent that such Non-U.S. Lender (or its assignor, if any) was entitled at
the time of designation of a new lending office (or assignment), to receive additional amounts from
the Borrower with respect to such withholding tax pursuant to this Section 2.20(a) (together the
amounts described in clauses (i)-(iii) are the “Excluded 

43

 

Taxes”). If any such taxes,
levies, imposts, duties, charges, fees, deductions or withholdings (that are not Excluded Taxes
(the “Non-Excluded Taxes”) or Other Taxes are required to be withheld from any amounts
payable by the Borrower to the Administrative Agent or any Lender hereunder, the amounts so payable
to the Administrative Agent or such Lender shall be increased to the extent necessary to yield to
the Administrative Agent or such Lender (after deduction or withholding of all Non-Excluded Taxes
and Other Taxes) interest or any such other amounts
payable hereunder at the rates or in the amounts specified in this Agreement;
provided, however, that the Borrower shall not be required to increase any such
amounts payable to any Lender with respect to any Non-Excluded Taxes (i) that are attributable to
such Lender’s failure to comply with the requirements of paragraph (d) or (e), as applicable, of
this Section or (ii) that are United States withholding taxes imposed on amounts payable under the
Term Facility or Revolving Facility to such Lender at the time such Lender becomes a Term Lender or
Revolving Lender, except to the extent that such Lender’s assignor (if any) was entitled, at the
time of assignment, to receive additional amounts from the Borrower with respect to such
Non-Excluded Taxes pursuant to this paragraph.

          (b) Except as otherwise provided in this Agreement, the Borrower shall pay any Other Taxes to
the relevant Governmental Authority in accordance with applicable law.

          (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower, as promptly as
possible thereafter the Borrower shall send to the Administrative Agent for the account of the
Administrative Agent or Lender, as the case may be, a certified copy of an original official
receipt received by the Borrower showing payment thereof if such receipt is obtainable, or, if not,
other reasonable evidence of payment. If the Borrower fails to pay any Non-Excluded Taxes or Other
Taxes that the Borrower is required to pay pursuant to this Section 2.20 (or in respect of which
the Borrower would be required to pay increased amounts pursuant to Section 2.20(a) if such
Non-Excluded Taxes or Other Taxes were withheld) when due to the appropriate taxing authority or
fails to remit to the Administrative Agent the required receipts or other required documentary
evidence, the Borrower shall indemnify the Administrative Agent and the Lenders for any payments by
them of such Non-Excluded Taxes or Other Taxes and for any incremental taxes, interest or penalties
that become payable by the Administrative Agent or any Lender as a result of any such failure.

          (d) Each Lender that is not a United States person (as such term is defined in Section
7701(a)(30) of the Code) (a “Non-U.S. Lender”) shall deliver to the Borrower and the
Administrative Agent (or, in the case of a Participant, to the Borrower and to the Lender from
which the related participation shall have been purchased) (i) two accurate and complete original,
signed copies of IRS Form W-8ECI or W-8BEN (or any successor or other applicable forms), or, (ii)
in the case of a Non-U.S. Lender claiming exemption from United States federal withholding tax
under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio interest”, a
statement substantially in the form of Exhibit E and two accurate and complete original, signed
copies of IRS Form W-8BEN, or any subsequent versions or successors to such forms, in each case
properly completed and duly executed by such Non-U.S. Lender claiming complete exemption from, or a
reduced rate of, United States federal withholding tax on all payments by the Borrower or any Loan
Party under this Agreement and the other First Lien Loan Documents. Such forms shall be delivered
by each Non-U.S. Lender on or before the date it becomes a party

44

 

to this Agreement (or, in the case
of any Participant, on or before the date such Participant purchases the related participation).
In addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or
invalidity of any form previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall
(i) promptly notify the Borrower at any time it determines that it is no longer in a position to
provide any previously delivered certificate to the Borrower (or any other form of certification
adopted by the United States taxing authorities for such
purpose) and (ii) take such steps as shall not be disadvantageous to it, in its reasonable
judgment, and as may be reasonably necessary (including the re-designation of its lending office
pursuant to Section 2.23) to avoid any requirement of applicable laws of any such jurisdiction that
the Borrower make any deduction or withholding for taxes from amounts payable to such Lender.
Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to
deliver any form pursuant to this paragraph that such Non-U.S. Lender is not legally able to
deliver.

          (e) Each Lender that is a United States person (as such term is defined in Section
7701(a)(30) of the Code) (a “U.S. Lender”) shall deliver to the Borrower and the
Administrative Agent two accurate and complete original, signed copies of IRS Form W-9, or any
subsequent versions or successors to such form. Such forms shall be delivered by each U.S. Lender
on or before the date it becomes a party to this Agreement. In addition, each U.S. Lender shall
deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by
such U.S. Lender. Each U.S. Lender shall promptly notify the Borrower at any time it determines
that it is no longer in a position to provide any previously delivered certifications to the
Borrower (or any other form of certification adopted by the United States taxing authorities for
such purpose).

          (f) If the Administrative Agent or any Lender determines, in good faith, that it has received
a refund of any Non-Excluded Taxes or Other Taxes as to which it has been indemnified by the
Borrower or with respect to which the Borrower has paid additional amounts pursuant to Section 2.19
and this Section 2.20, it shall promptly pay over such refund to the Borrower (but only to the
extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section
2.20 with respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than
any interest paid by the relevant Governmental Authority with respect to such refund);
provided that the Borrower, upon the request of the Administrative Agent or such Lender,
agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the
event the Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority; provided, further, that the Borrower shall not be required to repay to
the Administrative Agent or the Lender an amount in excess of the amount paid over by such party to
the Borrower pursuant to this Section. This paragraph shall not be construed to require the
Administrative Agent or any Lender to make available its tax returns (or any other information
relating to its taxes which it deems confidential) to the Borrower or any other Person. The
agreements in this Section shall survive the termination of this Agreement and the payment of the
Obligations.

45

 

          2.21 Indemnity. The Borrower agrees to indemnify each Lender for, and to
hold each Lender harmless from, any reasonable and documented out-of-pocket loss or expense (other
than lost profits, including the Applicable Margin) that such Lender may actually sustain or incur
as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or
continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in
accordance with the provisions of this Agreement, (b) default by the Borrower in making any
prepayment of or conversion from Eurodollar Loans after the Borrower has given a notice thereof in
accordance with the provisions of this Agreement or (c) the making of a prepayment, conversion or
continuation of Eurodollar Loans on a day that is not the last day of an Interest Period with
respect thereto. A reasonably detailed certificate as to (showing in reasonable detail the
calculation of) any amounts payable pursuant to this Section submitted to the Borrower by any
Lender shall be presumptively correct in the absence of manifest error. This covenant shall
survive the termination of this Agreement and the payment of the Obligations.

          2.22 Illegality. Notwithstanding any other provision herein, if the
adoption of or any change in any Requirement of Law or in the interpretation or application
thereof, in each case, first made after the date hereof, shall make it unlawful for any Lender to
make or maintain Eurodollar Loans as contemplated by this Agreement, such Lender shall promptly
give notice thereof to the Administrative Agent and the Borrower, and (a) the commitment of such
Lender hereunder to make Eurodollar Loans, continue Eurodollar Loans as such and convert ABR Loans
to Eurodollar Loans shall be suspended during the period of such illegality and (b) such Lender’s
Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to ABR Loans
on the respective last days of the then current Interest Periods with respect to such Loans or
within such earlier period as required by law.

          If any such conversion of a Eurodollar Loan occurs on a day which is not the last day of the
then current Interest Period with respect thereto, the Borrower shall pay to such Lender such
amounts, if any, as may be required pursuant to Section 2.21.

          2.23 Mitigation of Costs; Change of Lending Office. Each Lender agrees
that, upon the occurrence of any event giving rise to the operation of Section 2.19, 2.20(a), 2.21
or 2.22 with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts
(subject to overall policy considerations of such Lender) to designate another lending office for
any Loans affected by such event with the object of avoiding the consequences of such event;
provided that such designation is made on terms that, in the sole good faith judgment of
such Lender, cause such Lender and its lending office(s) to suffer no material economic, legal or
regulatory disadvantage and; provided, further, that nothing in this Section shall
affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to
Section 2.19, 2.20(a) or 2.22.

          2.24 Replacement of Lenders. The Borrower shall be permitted to replace
with a financial institution any Lender that (a) requests reimbursement for amounts owing pursuant
to Section 2.19, 2.20 or 2.21 (to the extent a request made by a Lender pursuant to the operation
of Section 2.21 is materially greater than requests made by other Lenders) or gives a notice of
illegality pursuant to Section 2.22, (b) defaults in its obligation to make Loans hereunder, or (c)
that has refused to consent to any waiver or amendment with respect to any First Lien Loan

46

 

Document
that requires
such Lender’s consent and has been consented to by the Required Lenders; provided that
(i) such replacement does not conflict with any Requirement of Law, (ii) the replacement financial
institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or
prior to the date of replacement, (iii) the Borrower shall be liable to such replaced Lender under
Section 2.21 (as though Section 2.21 were applicable) if any Eurodollar Loan owing to such replaced
Lender shall be purchased other than on the last day of the Interest Period relating thereto, (iv)
the replacement financial institution, if not already a Lender, shall be reasonably satisfactory to
the Administrative Agent to the extent that an assignment to such replacement financial institution
of the rights and obligations being acquired by it would otherwise require the consent of the
Administrative Agent pursuant to Section 10.6(c), (v) the replaced Lender shall be obligated to
make such replacement in accordance with the provisions of Section 10.6, (vi) the Borrower shall
pay all additional amounts (if any) required pursuant to Section 2.19 or 2.20, as the case may be,
in respect of any period prior to the date on which such replacement shall be consummated, (vii) if
applicable, the replacement financial institution shall consent to such amendment or waiver and
(viii) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the
Administrative Agent or any other Lender shall have against the replaced Lender.

          2.25 Incremental Loans. The Borrower may by written notice to the
Administrative Agent elect to request the establishment of one or more new term loan and/or
revolving commitments (the “New Loan Commitments”) hereunder, in an aggregate amount for
all such New Loan Commitments not in excess of $100,000,000; provided that any Person or
Persons providing such commitments shall be subject to the consent of the Administrative Agent
(such consent not to be unreasonably withheld, conditioned or delayed). Each such notice shall
specify the date (each, an “Increased Amount Date”) on which the Borrower proposes that the
New Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after
the date on which such notice is delivered to Administrative Agent and the amount of the New Loan
Commitments being requested (which shall be in minimum increments of $5,000,000 and a minimum
amount of $10,000,000 or equal to the remaining Incremental Loan Commitments); provided
that any Lender offered or approached to provide all or a portion of any New Loan Commitments may
elect or decline, in its sole discretion, to provide such New Loan Commitment. Such New Loan
Commitments shall become effective as of such Increased Amount Date; provided that (1) no
Default or Event of Default shall exist and Holdings shall be in pro forma
compliance with Section 7.1 and the pro forma Consolidated First Lien Leverage Ratio shall not be
in excess of 3.25:1.00 on such Increased Amount Date before and after giving effect to such New
Loan Commitments and to the making of any Tranche of New Loans pursuant thereto and after giving
effect to any Permitted Acquisition consummated in accordance therewith; (2) the proceeds of any
New Loans shall be used for working capital and other general corporate purposes of the Borrower
and its Subsidiaries (including Permitted Acquisitions and Investments permitted under Section
7.7); (3) the New Loans shall share ratably in the Collateral; (4) the New Loans that are term
loans (“New Term Loans”) shall share ratably in any mandatory prepayments of the existing
Term Loans; (5) in the case of any New Term Loans, the maturity date thereof shall not be earlier
than the Term Maturity Date and the weighted average life to maturity shall be equal to or greater
than the weighted average life to maturity of the Term
Loans that are not New Loans; (6) in the case of any New Loans that are revolving loans
(“New Revolving Loans”) the maturity date thereof shall not be earlier than the Revolving
Termination

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Date and such New Revolving Loans shall not require any scheduled amortization or
mandatory commitment reductions prior to the Revolving Termination Date; (7) the New Loans shall
have such pricing as may be agreed by Borrower and the Lenders providing such New Loans and shall
be subject to a “most favored nation” pricing provision that ensures that the initial yield on the
New Loans (including upfront fees and original issue discount) does not exceed the Applicable
Margin on the existing Loans; (8) all terms and documentation with respect to any New Loans which
differ from those with respect to the Loans under the applicable Facility shall be reasonably
satisfactory to the Administrative Agent; (9) such New Loan Commitments shall be effected pursuant
to one or more Joinder Agreements executed and delivered by the Borrower, the Administrative Agent
and one or more New Lenders; and (10) the Borrower shall deliver or cause to be delivered any
customary legal opinions or other documents reasonably requested by Administrative Agent in
connection with any such transaction. Any New Loans made on an Increased Amount Date that have
terms and provisions that differ from those of the Term Loans or Revolving Loans, as applicable,
outstanding on the date on which such New Loans are made shall be designated as a separate tranche
(a “Tranche”) of Term Loans or Revolving Loans, as applicable, for all purposes of this
Agreement.

          On any Increased Amount Date on which any New Loan Commitments become effective, subject to
the foregoing terms and conditions, each lender with a New Loan Commitment (each, a “New
Lender”) shall become a Lender hereunder with respect to such New Loan Commitment.

          The terms and provisions of the New Loan Commitments of any Tranche shall be, except as
otherwise set forth in the relevant Joinder Agreement, identical to those of the applicable Loans
and for purposes of this Agreement, any New Loans or New Loan Commitments shall be deemed to be
Term Loans, Revolving Loans or Revolving Commitments, as applicable. Each Joinder Agreement may,
without the consent of any other Lenders, effect such amendments to this Agreement and the other
First Lien Loan Documents as may be necessary or appropriate, in the opinion of the Administrative
Agent, to effect the provisions of this Section 2.25.

SECTION 3. LETTERS OF CREDIT

          3.1 L/C Commitment. (a) Subject to the terms and conditions hereof, each
Issuing Lender, in reliance on the agreements of the other Revolving Lenders set forth in Section
3.4(a), agrees to issue letters of credit (“Letters of Credit”) for the account of the
Borrower or any Guarantor on any Business Day during the Revolving Commitment Period in such form
as may be approved from time to time by such Issuing Lender; provided that no Issuing
Lender shall have any obligation to issue any Letter of Credit if, after giving effect to such
issuance, (i) the L/C Obligations would exceed the L/C Commitment or (ii) the aggregate amount of
the Available Revolving Commitments would be less than zero. Each Letter of Credit shall expire no
later than the earlier
of (x) the first anniversary of its date of issuance and (y) the date that is five Business
Days prior to the Revolving Termination Date; provided that any Letter of Credit with a
one-year term may provide for the renewal thereof for additional one-year periods (which shall in
no event extend beyond the date referred to in clause (y) above). Each

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Letter of Credit shall be
used for general corporate purposes of the Borrower and its Subsidiaries and other uses not
prohibited by this Agreement.

          (b) No Issuing Lender shall at any time be obligated to issue any Letter of Credit if such
issuance would conflict with any applicable Requirement of Law.

          3.2 Procedure for Issuance of Letter of Credit. The Borrower may from time
to time request that the relevant Issuing Lender issue a Letter of Credit by delivering to such
Issuing Lender at its address for notices specified to the Borrower by such Issuing Lender an
Application therefor, with a copy to the Administrative Agent, completed to the reasonable
satisfaction of such Issuing Lender, and such other certificates, documents and other papers and
information as such Issuing Lender may reasonably request. Upon receipt of any Application, the
relevant Issuing Lender will process such Application and the certificates, documents and other
papers and information delivered to it in connection therewith in accordance with its customary
procedures and shall promptly issue the Letter of Credit requested thereby (but in no event without
the consent of the applicable Issuing Lender shall any Issuing Lender be required to issue any
Letter of Credit earlier than three Business Days after its receipt of the Application therefor and
all such other certificates, documents and other papers and information relating thereto) by
issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be
agreed to by such Issuing Lender and the Borrower. Such Issuing Lender shall furnish a copy of
such Letter of Credit to the Borrower promptly following the issuance thereof. Each Issuing Lender
shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the
relevant Lenders, notice of the issuance of each Letter of Credit issued by it (including the
amount thereof).

          3.3 Fees and Other Charges. (a) The Borrower will pay a fee on each
outstanding Letter of Credit requested by it, at a per annum rate equal to the Applicable Margin
then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount of
such Letter of Credit, which fee shall be shared ratably among the Revolving Lenders and payable
quarterly in arrears on each Fee Payment Date after the issuance date. In addition, the Borrower
shall pay to each Issuing Lender for its own account a fronting fee on the aggregate face amount of
all outstanding Letters of Credit issued by it to the Borrower of 0.25% per annum, payable
quarterly in arrears on each Fee Payment Date after the issuance date.

          (b) In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender
for such normal and customary reasonable and documented out-of-pocket costs and expenses as are
incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under,
amending or otherwise administering any Letter of Credit requested by the Borrower.

          3.4 L/C Participations. (a) Each Issuing Lender irrevocably agrees to
grant and hereby grants to each L/C Participant, and, to induce such Issuing Lender to issue
Letters of Credit, each L/C Participant irrevocably agrees to accept and purchase and hereby
accepts and purchases from such Issuing Lender, on the terms and conditions set forth below, for
such L/C Participant’s own account and risk an undivided interest equal to such L/C Participant’s
Revolving Percentage in such Issuing Lender’s obligations and rights under and in respect of

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each
Letter of Credit issued by it and the amount of each draft paid by such Issuing Lender thereunder.
Each L/C Participant agrees with each Issuing Lender that, if a draft is paid under any Letter of
Credit issued by it for which such Issuing Lender is not reimbursed in full by the Borrower in
accordance with the terms of this Agreement, such L/C Participant shall pay to the Administrative
Agent for the account of such Issuing Lender upon demand an amount equal to such L/C Participant’s
Revolving Percentage of the amount of such draft, or any part thereof, that is not so reimbursed.
Each L/C Participant’s obligation to pay such amount shall be absolute and unconditional and shall
not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or
other right that such L/C Participant may have against any Issuing Lender, the Borrower or any
other Person for any reason whatsoever, (ii) the occurrence or continuance of a Default or an Event
of Default or the failure to satisfy any of the other conditions specified in Section 5, (iii) any
adverse change in the financial condition of the Borrower, (iv) any breach of this Agreement or any
other First Lien Loan Document by the Borrower, any other Loan Party or any other L/C Participant
or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing.

          (b) If any amount required to be paid by any L/C Participant to the Administrative Agent for
the account of any Issuing Lender pursuant to Section 3.4(a) in respect of any unreimbursed portion
of any payment made by such Issuing Lender under any Letter of Credit is paid to the Administrative
Agent for the account of such Issuing Lender within three Business Days after the date such payment
is due, such L/C Participant shall pay to the Administrative Agent for the account of such Issuing
Lender on demand an amount equal to the product of (i) such amount, times (ii) the daily average
Federal Funds Effective Rate during the period from and including the date such payment is required
to the date on which such payment is immediately available to such Issuing Lender, times (iii) a
fraction the numerator of which is the number of days that elapse during such period and the
denominator of which is 360. If any such amount required to be paid by any L/C Participant
pursuant to Section 3.4(a) is not made available to the Administrative Agent for the account of the
relevant Issuing Lender by such L/C Participant within three Business Days after the date such
payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant, on
demand, such amount with interest thereon calculated from such due date at the rate per annum
applicable to ABR Loans under the Revolving Facility. A certificate of the relevant Issuing Lender
submitted to any relevant L/C Participant with respect to any amounts owing under this Section
shall be presumptively correct in the absence of manifest error.

          (c) Whenever, at any time after any Issuing Lender has made payment under any Letter of Credit
and has received from any L/C Participant its pro rata share of such payment in
accordance with Section 3.4(a) such Issuing Lender receives any payment related to such Letter
of Credit (whether directly from the Borrower or otherwise, including proceeds of collateral
applied thereto by such Issuing Lender), or any payment of interest on account thereof, such
Issuing Lender will distribute to the Administrative Agent for the account of such L/C Participant
its pro rata share thereof; provided, however, that in the event
that any such payment received by such Issuing Lender shall be required to be returned by such
Issuing Lender, such L/C Participant shall return to the Administrative Agent for the account of
such Issuing Lender the portion thereof previously distributed by such Issuing Lender to it.

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          3.5 Reimbursement Obligation of the Borrower. The Borrower agrees to
reimburse each Issuing Lender in respect of any drawing under a Letter of Credit (a) if such
Issuing Lender notifies the Borrower at or prior to 10:00 A.M., New York City time, on any Business
Day, of any drawing under a Letter of Credit and the date and amount of the relevant draft
presented under such Letter of Credit, on such Business Day or (b) if such Issuing Lender notifies
the Borrower after 10:00 A.M., New York City time, on any Business Day, on the immediately
succeeding Business Day. Each such payment shall be made to such Issuing Lender at its address for
notices specified to the Borrower and in immediately available funds. Interest shall be payable on
any such amounts from the date on which the relevant draft is paid until payment in full at a rate
equal to (i) until the second Business Day next succeeding the date of the relevant notice, the
rate applicable to ABR Loans under the Revolving Facility and (ii) thereafter, the rate set forth
in Section 2.15(c).

          3.6 Obligations Absolute. The Borrower’s obligations under this Section 3
shall be absolute and unconditional under any and all circumstances and irrespective of any setoff,
counterclaim or defense to payment that the Borrower may have or have had against any Issuing
Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with
each Issuing Lender that such Issuing Lender shall not be responsible for, and the Borrower’s
Reimbursement Obligations under Section 3.5 shall not be affected by, among other things, the
validity or genuineness of documents or of any endorsements thereon, even though such documents
shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the
Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of
Credit may be transferred or any claims whatsoever of such Borrower against any beneficiary of such
Letter of Credit or any such transferee, or any other events or circumstances that, pursuant to
applicable law or the applicable customs and practices promulgated by the International Chamber of
Commerce, are not within the responsibility of such Issuing Lender, except for errors or omissions
resulting from the gross negligence, willful misconduct or bad faith of such Issuing Lender or its
employees or agents. No Issuing Lender shall be liable for any error, omission, interruption or
delay in transmission, dispatch or delivery of any message or advice, however transmitted, in
connection with any Letter of Credit, except for errors or omissions resulting from the gross
negligence, willful misconduct or bad faith of such Issuing Lender or its employees or agents. The
Borrower agrees that any action taken or omitted by any Issuing Lender under or in connection with
any Letter of Credit or the related drafts or documents, if done in the absence of gross
negligence, willful misconduct or bad faith and in accordance with the standards or care specified
in the Uniform Commercial Code of the State of
New York, shall be binding on the Borrower and shall not result in any liability of such
Issuing Lender to the Borrower.

          3.7 Letter of Credit Payments. If any draft shall be presented for payment
under any Letter of Credit, the relevant Issuing Lender shall promptly notify the Borrower of the
date and amount thereof. The responsibility of such Issuing Lender to the Borrower in connection
with any draft presented for payment under any Letter of Credit issued by such Issuing Lender
shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be
limited to determining that the documents (including each draft) delivered under such Letter of
Credit in connection with such presentment are substantially in conformity with such Letter of
Credit. To the extent not inconsistent with Section 3.6, the Issuing Lender shall be

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entitled to
rely, and shall be fully protected in relying upon, any Letter of Credit, draft, writing,
resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex
or teletype message, statement, order or other document believed by it in good faith to be genuine
and correct and to have been signed, sent or made by the proper Person or Persons and upon advice
and statements of legal counsel, independent accountants and other experts selected by the Issuing
Lender.

          3.8 Applications. To the extent that any provision of any Application
related to any Letter of Credit is inconsistent with the provisions of this Section 3, the
provisions of this Section 3 shall apply.

SECTION 4. REPRESENTATIONS AND WARRANTIES

          To induce the Agents and the Lenders to enter into this Agreement and to make the Loans and
issue or participate in the Letters of Credit, Holdings and the Borrower hereby jointly represent
and warrant (as to itself and each of its Subsidiaries) to the Agents and each Lender, which
representations and warranties shall be deemed made on the Closing Date (immediately before and
immediately after giving effect to the Transactions) (provided that until after the consummation of
the Merger, none of the following representations and warranties are made with respect to the
Company or any of its Subsidiaries) and on the date of each borrowing of Loans or issuance of a
Letter of Credit hereunder, that:

          4.1 Financial Condition. The audited consolidated balance sheet of the
Company and its consolidated Subsidiaries as at June 30, 2005 and June 30, 2006, and the related
consolidated statements of income and of cash flows for the fiscal years ended on such dates,
reported on by and accompanied by an unqualified report from PriceWaterhouseCoopers LLP, present
fairly in all material respects the financial condition of the Company and its consolidated
Subsidiaries as at such date, and the results of its operations and its cash flows for the
respective fiscal years then ended. The unaudited consolidated balance sheet of the Company and
its consolidated
Subsidiaries as at September 30, 2006, December 31, 2006 and March 31, 2007, and the related
unaudited consolidated statements of income and cash flows for the three, six and nine-month
periods ended, respectively, on such date, present fairly in all material respects the consolidated
financial condition of the Company and its consolidated Subsidiaries as at such date, and the
combined results of its operations and its combined cash flows for the three, six and nine-month
periods then ended (subject to absence of footnotes and normal year-end adjustments). All such
financial statements, including the related schedules and notes thereto and normal year end
adjustments, have been prepared in accordance with GAAP applied consistently throughout the periods
involved (except as approved by the aforementioned firm of accountants and disclosed therein and,
in the case of such unaudited financial statements, subject to the absence of footnotes). Except
as set forth on Schedule 4.1, in the Company’s consolidated balance sheet as of June 30, 2006 or
that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse
Effect, as of the Closing Date, the Borrower and its Subsidiaries (i) do not have any material
Guarantee Obligations, contingent liabilities or liabilities for taxes, or any long-term leases or
unusual forward or long-term commitments, including, without limitation, any interest rate or
foreign currency swap or

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exchange transaction or other obligation in respect of derivatives, which
are not reflected in the most recent financial statements referred to in this paragraph but which
would in accordance with GAAP be so reflected in a consolidated balance sheet of the Borrower as of
the Closing Date or (ii) are not party to any arrangement to pay principal or interest with respect
to any Indebtedness of any Person which is not reflected in the most recent financial statements
referred to in this paragraph, (x) which was incurred by the Borrower or any of its Subsidiaries or
guaranteed by the Borrower or any of its Subsidiaries at any time or the proceeds of which are or
were transferred to or used by the Borrower or any of its Subsidiaries and (y) the payments in
respect of which are intended to be made with the proceeds of payments to such Person by the
Borrower or any of its consolidated Subsidiaries or with any Indebtedness or Capital Stock issued
by the Borrower or any such Subsidiary.

          4.2 No Change. (a) As of the Closing Date, there has been no event,
circumstance, development, change or effect since December 31, 2006 that has had a Closing Date
Material Adverse Effect.

          (b) At any time after the Closing Date as of which this representation and warranty is made or
deemed made, there has been no event, development or circumstance since June 30, 2006 that has had
or could reasonably be expected to have a Material Adverse Effect.

          4.3 Existence; Compliance with Law. Each of Holdings, the Borrower and its
Subsidiaries (a) (i) is duly organized (or incorporated), validly existing and in good standing
(or, only where if applicable, the equivalent status in any foreign jurisdiction) under the laws of
the jurisdiction of its organization or incorporation, (ii) has the corporate or organizational
power and authority, to own and operate its Property, to lease the Property it operates as lessee
and to conduct the business in which it is currently engaged except, in each case, to the extent
that any such failure to have such power, authority or right would not reasonably be expected to
have a Material Adverse Effect and (iii) is duly qualified as a foreign corporation or limited
liability company and in good standing (where
such concept is relevant) under the laws of each jurisdiction where its ownership, lease or
operation of Property or the conduct of its business requires such qualification except, in each
case, to the extent that the failure to be so qualified or in good standing (where such concept is
relevant) would not reasonably be expected to have a Material Adverse Effect and (b) is in
compliance with all Requirements of Law except to the extent that any such failure to comply
therewith would not reasonably be expected to have a Material Adverse Effect.

          4.4 Corporate Power; Authorization; Enforceable Obligations. Each Loan
Party has the corporate power and authority to make, deliver and perform the First Lien Loan
Documents to which it is a party and, in the case of the Borrower, to borrow or have Letters of
Credit issued hereunder. Each Loan Party has taken all necessary corporate or other action to
authorize the execution, delivery and performance of the First Lien Loan Documents to which it is a
party and, in the case of the Borrower, to authorize the extensions of credit on the terms and
conditions of this Agreement. Except as would not reasonably be expected to have a Material
Adverse Effect, no consent or authorization of, filing with, notice to or other act by or in
respect of, any Governmental Authority is required in connection with the Transactions, the
extensions of credit hereunder or the execution, delivery, performance, validity or enforceability
of this

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Agreement or any of the other First Lien Loan Documents, except (i) consents,
authorizations, filings and notices described in Schedule 4.4, which consents, authorizations,
filings and notices have been obtained or made (except to the extent not yet required to have been
obtained or made), each of which is in full force and effect or the failure to obtain which would
not reasonably be expected to have a Material Adverse Effect and (ii) the filings referred to in
Section 4.17. Each First Lien Loan Document has been duly executed and delivered on behalf of each
Loan Party that is a party thereto. This Agreement constitutes, and each other First Lien Loan
Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party
that is a party thereto, enforceable against each such Loan Party in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general
equitable principles (whether enforcement is sought by proceedings in equity or at law) and the
implied covenants of good faith and fair dealing.

          4.5 No Legal Bar. The execution, delivery and performance of this Agreement
and the other First Lien Loan Documents, the issuance of Letters of Credit, the borrowings
hereunder and the use of the proceeds thereof will not (a) violate the organizational or governing
documents of any of the Loan Parties, (b) violate in any material respect any Requirement of Law or
any material Contractual Obligation of Holdings, the Borrower or any of its Subsidiaries (other
than any violation which would not reasonably be expected to result in a Material Adverse Effect)
or (c) result in, or require, the creation or imposition of any Lien on any of their respective
properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other
than the Liens permitted by Section 7.3 or as otherwise contemplated by the First Lien Loan
Documents).

          4.6 No Material Litigation. No litigation, proceeding or, to the knowledge
of Holdings and the Borrower, investigation of or before any arbitrator or Governmental Authority
is pending or, to the knowledge of Holdings and the Borrower, likely to be commenced within a
reasonable time period against Holdings, the Borrower or any of its Subsidiaries or against any of
their Properties or revenues which, taken as a whole, (a) are material and adverse with respect to
any of the First Lien Loan Documents or (b) would reasonably be expected to have a Material Adverse
Effect.

          4.7 No Default. No Default or Event of Default has occurred and is
continuing.

          4.8 Ownership of Property; Liens. Except as set forth in Schedule 4.8A,
each of Holdings, the Borrower and its Subsidiaries has valid and defensible title in fee simple
to, or a valid leasehold interest in, all its real property, and good title to, or a valid
leasehold interest in or right to use, all its other Property (other than Intellectual Property),
in each case, except where the failure to do so would not reasonably be expected to have a Material
Adverse Effect, and none of such Property is subject to any Lien except as permitted by the First
Lien Loan Documents. Schedule 4.8B lists all real property which is owned or leased by any Loan
Party as of the Closing Date.

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          4.9 Intellectual Property. Each of Holdings, the Borrower and its
Subsidiaries owns, or has a valid license to use, all Intellectual Property used and necessary for
the conduct of its business as currently conducted free and clear of all Liens (other than Liens
permitted hereunder), except where the failure to do so would not reasonably be expected to have a
Material Adverse Effect. To Holdings’ or the Borrower’s knowledge, no holding, injunction,
decision or judgment has been rendered by any Governmental Authority and neither Holdings, the
Borrower nor any of its Subsidiaries has entered into any settlement stipulation or other agreement
(except license agreements in the ordinary course of business) which would cancel the validity of
Holdings’, the Borrower’s or any Subsidiary’s rights in any Intellectual Property owned by
Holdings, the Borrower or any Subsidiary (the “Borrower Intellectual Property”) in any
respect that would reasonably be expected to have a Material Adverse Effect. To Holdings’ or the
Borrower’s knowledge, no pending claim has been asserted or threatened in writing by any Person
challenging the use by Holdings, the Borrower or its Subsidiaries of any Borrower Intellectual
Property or the validity of any Borrower Intellectual Property, except in each case as would not
reasonably be expected to have a Material Adverse Effect. To Holdings’ or the Borrower’s
knowledge, the use of any Borrower Intellectual Property by Holdings, the Borrower or its
Subsidiaries does not infringe on the rights of any other Person in a manner that would reasonably
be expected to have a Material Adverse Effect. Holdings, the Borrower and its Subsidiaries have
taken all commercially reasonable actions that in the exercise of their reasonable business
judgment should be taken to protect the Borrower Intellectual Property,
including Borrower Intellectual Property that is confidential in nature, except where the
failure to do so would not reasonably be expected to have a Material Adverse Effect.

          4.10 Taxes. Each of Holdings, the Borrower and each of its Subsidiaries (i)
has filed or caused to be filed all federal, state, provincial and other tax returns that are
required to be filed and (ii) has paid all taxes shown to be due and payable on said returns and
all other taxes, fees or other charges imposed on it or any of its Property by any Governmental
Authority responsible for administering taxes (other than any the amount or validity of which are
currently being contested in good faith by appropriate proceedings and with respect to which any
reserves required in conformity with GAAP have been provided on the books of Holdings, the Borrower
or such Subsidiary, as the case may be), except in each case where the failure to do so would not
reasonably be expected to have a Material Adverse Effect.

          4.11 Federal Regulations. No part of the proceeds of any Loans, and no
other extensions of credit hereunder, will be used for “buying” or “carrying” any “margin stock”
within the respective meanings of each of the quoted terms under Regulation U as now and from time
to time hereafter in effect or for any purpose that violates the provisions of the regulations of
the Board. If requested by any Lender (through the Administrative Agent) or the Administrative
Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the
foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1 referred to in
Regulation U.

          4.12 ERISA. (a) Except as would not reasonably be expected, individually
or in the aggregate, to have a Material Adverse Effect: neither a Reportable Event nor an
“accumulated funding deficiency” (within the meaning of Section 412(a) of the Code or Section
302(a)(2) of ERISA) has occurred during the five-year period prior to the date on which this

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representation is made with respect to any Single Employer Plan, and each Plan has complied with
the applicable provisions of ERISA and the Code; no termination of a Single Employer Plan has
occurred, and no Lien in favor of the PBGC or a Single Employer Plan has arisen, during such
five-year period; the present value of all accrued benefits under each Single Employer Plan (based
on those assumptions used to fund such Single Employer Plans) did not, as of the last annual
valuation date prior to the date on which this representation is made or deemed made, exceed the
value of the assets of such Single Employer Plan allocable to such accrued benefits; none of
Holdings, the Borrower nor any of its Subsidiaries has had (or reasonably expects to have) a
complete or partial withdrawal from any Multiemployer Plan that has resulted or would reasonably be
expected to result in a liability under ERISA and, to the knowledge of Holdings and the Borrower,
no Multiemployer Plan is in Reorganization or Insolvent.

          (b) Holdings, the Borrower and its Subsidiaries have not incurred, and do not reasonably
expect to incur, any liability under ERISA or the Code with respect to any plan
within the meaning of Section 3(3) of ERISA which is subject to Title IV of ERISA that is
maintained by a Commonly Controlled Entity (other than Holdings, the Borrower and its Subsidiaries)
(a “Commonly Controlled Plan”) merely by virtue of being treated as a single employer under
Title IV of ERISA with the sponsor of such plan that would reasonably be likely to have a Material
Adverse Effect and result in a direct obligation of Holdings, the Borrower and its Subsidiaries to
pay money.

          4.13 Investment Company Act. No Loan Party is an “investment company”, or a
company “controlled” by an “investment company”, within the meaning of the Investment Company Act
of 1940, as amended.

          4.14 Subsidiaries. (a) The Subsidiaries listed on Schedule 4.14 constitute
all the Subsidiaries of Holdings at the Closing Date (and after giving effect to the Acquisition
Transactions). Schedule 4.14 sets forth as of the Closing Date the name and jurisdiction of
incorporation of each Subsidiary and, as to each Subsidiary, the percentage of each class of
Capital Stock owned by any Loan Party.

          (b) As of the Closing Date (and after giving effect to the Acquisition Transactions), except
as set forth on Schedule 4.14, there are no outstanding subscriptions, options, warrants, calls,
rights or other agreements or commitments of any nature to which Holdings or any of its
Subsidiaries is a party relating to any Capital Stock of the Borrower or any of its Subsidiaries.

          4.15 Environmental Matters. Other than exceptions to any of the following
that would not reasonably be expected to have a Material Adverse Effect: none of Holdings, the
Borrower or any of its Subsidiaries (i) has failed to comply with any Environmental Law or to
obtain, maintain or comply with any permit, license or other approval required under any
Environmental Law for the operation of the Business; or (ii) has become subject to any
Environmental Liability.

          4.16 Accuracy of Information, etc. No statement or information (excluding
the projections and pro forma financial information referred to below) contained in
this Agreement,

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any other First Lien Loan Document, the Confidential Information Memorandum or any
certificate furnished to the Administrative Agent or the Lenders or any of them, by or on behalf of
any Loan Party for use in connection with the transactions contemplated by this Agreement or the
other First Lien Loan Documents when taken as a whole, contained as of the date such statement,
information, or certificate was so furnished, any untrue statement of a material fact or omitted to
state a material fact necessary in order to make the statements contained herein or therein not
materially misleading in light of the circumstances in which they were made. The projections and
pro forma financial information contained in the materials referenced above are
based upon good
faith estimates and assumptions believed by management of the Borrower to be reasonable at the
time made, it being recognized by the Lenders that such financial information as it relates to
future events is not to be viewed as fact and that actual results during the period or periods
covered by such financial information may differ from the projected results set forth therein by a
material amount.

          4.17 Security Documents. (a) The Guarantee and Collateral Agreement is
effective to create in favor of the Collateral Agent for the benefit of the Secured Parties, a
legal, valid and enforceable security interest in the Collateral described therein (including any
proceeds of any item of Collateral) to the extent required by the Guarantee and Collateral
Agreement. In the case of (i) the Pledged Securities described in the Guarantee and Collateral
Agreement, when any stock certificates or notes, as applicable, representing such Pledged
Securities are delivered to the Collateral Agent and (ii) the other Collateral described in the
Guarantee and Collateral Agreement, when financing statements in appropriate form are filed, within
the time periods (if any) required by applicable law, in the offices specified on Schedule 4.17
(which financing statements have been duly completed and executed (as applicable) and delivered to
the Collateral Agent) and such other filings as are specified on Schedule 4.17 are made, the
Collateral Agent shall have a fully perfected Lien on, and security interest in, all right, title
and interest of the Loan Parties in such Collateral (including any proceeds of any item of
Collateral) (to the extent a security interest in such Collateral can be perfected through the
filing of financing statements in the offices specified on Schedule 4.17 and the filings specified
on Schedule 4.17, and through the delivery of the Pledged Securities required to be delivered on
the Closing Date), as security for the Obligations, in each case prior and superior in right to any
other Person (except (i) Liens permitted by Section 7.3 and (ii) Liens having priority by operation
of law) to the extent required by the Guarantee and Collateral Agreement.

          (b) Upon the execution and delivery of any Mortgage to be executed and delivered pursuant to
Section 6.8(b), such Mortgage shall be effective to create in favor of the Collateral Agent for the
benefit of the Secured Parties a legal, valid and enforceable Lien on the mortgaged property
described therein and proceeds thereof; and when such Mortgage is filed in the recording office
designated by the Borrower, such Mortgage shall constitute a fully perfected Lien on, and security
interest in, all right, title and interest of the Loan Parties in such mortgaged property and the
proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each
case prior and superior in right to any other Person (other than Liens permitted by Section 7.3 or
other encumbrances or rights permitted by the relevant Mortgage).

          4.18 Solvency. The Loan Parties, taken as a whole, are, and after giving
effect to the Transactions and the incurrence of all Indebtedness and obligations being incurred in

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connection herewith and therewith and in connection with the Second Lien Loan Documents will be,
Solvent.

SECTION 5. CONDITIONS PRECEDENT

          5.1 Conditions to Initial Extension of Credit. The agreement of each Lender
to make the initial extension of credit requested to be made by it is subject to the satisfaction
(or waiver), prior to or concurrently with the making of such extension of credit on the Closing
Date, of the following conditions precedent:

     (a) First Lien Credit Agreement; Security Documents. The Administrative Agent
shall have received (i) this Agreement, executed and delivered by the Administrative Agent,
the Collateral Agent, Holdings, the Borrower, the Joint Lead Arrangers, the Syndication
Agent and each Lender whose name appears on the signature pages hereof (or, with respect to
each Person which shall be a Lender as of the Closing Date, a duly completed, executed and
delivered Lender Addendum), (ii) the Guarantee and Collateral Agreement, executed and
delivered by the Loan Parties and the Administrative Agent, (iii) the Intercreditor
Agreement executed and delivered by Holdings, the Borrower and each Subsidiary Guarantor and
(iv) an Acknowledgement and Consent in the form attached to the Guarantee and Collateral
Agreement executed and delivered by each Issuer (as defined therein), if any, that is not a
Loan Party.

     (b) Existing Indebtedness. (i) Holdings, the Borrower and its Subsidiaries
shall have no Indebtedness for borrowed money outstanding as of the Closing Date other than
under the Facilities and the other Indebtedness permitted by Section 7.2 (provided that,
with respect to the 91/4% Senior Notes, the Indebtedness thereunder shall not be deemed to be
outstanding as long as an amount in cash equal to the amount required to redeem such 91/4%
Senior Notes shall have been delivered to the trustee under the 91/4% Senior Notes Indenture)
and (ii) the Existing Credit Facility and all liens securing obligations under the Existing
Credit Facility shall have been terminated (or arrangements reasonably satisfactory to the
Administrative Agent for such termination of such liens shall have been made), and the
Administrative Agent shall have received satisfactory evidence from Holdings and the
Borrower as to the foregoing.

     (c) Transactions, etc. The following transactions shall be consummated:

     (i) Acquisition. The Merger shall have been or shall
contemporaneously be consummated substantially pursuant to the terms of the
Acquisition Agreement, and the Exchange Fund (as defined in the Acquisition
Agreement) shall have been or shall contemporaneously be deposited with the Paying
Agent (as defined in the Acquisition Agreement) in accordance with the Acquisition
Agreement.

     (ii) Equity Financing. The Sponsor or one or more of its Affiliates
shall have made cash common or preferred equity contributions to, or purchased for

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cash common or preferred equity of, Holdings in an aggregate amount that, together
with the amount of the equity of Holdings that shall be purchased or acquired by
management as of the Closing Date, constitutes not less than
$185,000,000, and Holdings shall have used such cash equity contribution to
consummate the Transactions (the “Equity Financing”).

     (iii) Second Lien Loan Documents. The Administrative Agent shall have
received evidence that the Second Lien Loan Documents shall have been executed and
delivered by all of the Persons stated to be party thereto in their respective forms
then most recently delivered to the Administrative Agent, and evidence that the
“Closing Date” (as defined in the Second Lien Credit Agreement) will occur on the
Closing Date.

     (iv) [Reserved]

     (v) Redemption of the 91/4% Senior Notes. The Company shall have
deposited with the trustee under the 91/4% Senior Notes Indenture an amount in cash
necessary to redeem all of the 91/4% Senior Notes at a price equal to at least the
principal amount thereof on the Closing Date pursuant to the terms of the 91/4% Senior
Notes Indenture and at such time such 91/4% Senior Notes shall cease to be
outstanding.

     (d) Fees. The Agents shall have received all fees required to be paid, and all
reasonable out-of-pocket expenses for which reasonably detailed invoices have been presented
(including reasonable fees, disbursements and other charges of counsel to the Administrative
Agent), on or before the Closing Date.

     (e) Solvency Certificate. The Administrative Agent shall have received a
solvency certificate signed by the chief financial officer or treasurer on behalf of
Holdings, substantially in the form of Exhibit F hereto.

     (f) Lien Searches. The Collateral Agent shall have received the results of a
recent lien search in each of the jurisdictions in which Uniform Commercial Code financing
statements or other filings or recordations should be made to evidence or perfect security
interests in all assets of the Loan Parties, and such search shall reveal no liens on any of
the assets of the Loan Party, except for Liens permitted by Section 7.3 or liens to be
discharged on or prior to the Closing Date.

     (g) Closing Certificate. The Administrative Agent shall have received a
certificate of each of Holdings, the Initial Borrower and the Surviving Borrower dated the
Closing Date, substantially in the form of Exhibit C, with appropriate insertions and
attachments.

     (h) Legal Opinions. The Administrative Agent shall have received an executed
legal opinion of Dechert LLP, counsel to the Loan Parties, and of local counsel to the Loan
Parties, in each case reasonably satisfactory to the Administrative Agent covering

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such
customary matters incident to the transactions contemplated by this Agreement as the
Administrative Agent may reasonably require and in form and substance reasonably
satisfactory to the Administrative Agent.

     (i) Pledged Stock; Stock Powers; Pledged Notes. The Collateral Agent shall
have received (i) the certificates representing the shares, if any, of Capital Stock of the
Borrower and (to the extent required by the terms of the Guarantee and Collateral Agreement)
each of the Borrower’s Subsidiaries pledged to the Administrative Agent pursuant to (and, in
the case of the Capital Stock of any Foreign Subsidiary, subject to the limitations of) the
Guarantee and Collateral Agreement, together with an undated stock power for each such
certificate executed in blank by a duly authorized officer of the pledgor thereof and (ii)
each promissory note (if any) required to be pledged to the Administrative Agent pursuant to
the Guarantee and Collateral Agreement endorsed (without recourse) in blank (or accompanied
by an executed transfer form in blank) by the pledgor thereof.

     (j) Filings, Registrations and Recordings. Each document (including, without
limitation, any Uniform Commercial Code financing statement) required by the First Lien
Security Documents to be filed, registered or recorded in order to create in favor of the
Collateral Agent for the benefit of the Secured Parties, a perfected Lien on the Collateral
described therein with the priority provided for in the First Lien Security Documents, shall
have been delivered to the Collateral Agent in proper form for filing, registration or
recordation.

     (k) Insurance. The Administrative Agent shall have received insurance
certificates satisfying the requirements of Section 6.5(c).

     (l) Pro Forma Balance Sheet; Financial Statements; Financial Plan. The Lenders
shall have received (i) the unaudited pro forma consolidated balance sheet
of the Borrower and its consolidated Subsidiaries (the “Pro Forma Balance Sheet”),
certified by a Responsible Officer of the Borrower as having been prepared giving effect (as
if such events had occurred on such date) to (A) the Transactions, including the Loans and
the Second Lien Loans to be made on the Closing Date and the use of the proceeds thereof and
(B) the payment of fees and expenses in connection with the foregoing; and (ii) the
financial statements of the Company and its Subsidiaries referred to in Section 4.1. The
Pro Forma Balance Sheet shall have been prepared based upon the best information available
to the Borrower as of the date of delivery thereof, and present fairly in all material
respects on a pro forma basis the estimated financial position of the
Borrower and its consolidated Subsidiaries as at the end of the fiscal quarter ending March
31, 2007 assuming that the events specified in the preceding sentence had actually occurred
at such date, and shall be so certified by the Borrower.

          Notwithstanding anything herein to the contrary, to the extent any security interest in the
Collateral or any deliverable related to the perfection of security interests in or Liens upon the
Collateral (other than any such property the security interest in or lien upon which may be
perfected by the filing of a Uniform Commercial Code financing statement or the delivery of

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stock
certificates under any First Lien Security Document) is not provided on the Closing Date after the
Borrower’s use of commercially reasonable efforts to do so, the provision of any such security
interest(s) or Liens(s) or deliverable shall not constitute a condition precedent to the initial
extensions of credit under this Section 5.1 on the Closing Date but shall be required to be
delivered after the Closing Date pursuant to arrangements to be mutually agreed by the
Administrative Agent and the Borrower.

          5.2 Conditions to Each Extension of Credit. The agreement of each Lender to
make any Loan or to issue, renew or participate in any Letter of Credit hereunder on any date
(including, without limitation, its initial extension of credit) is subject to the satisfaction of
the following conditions precedent:

     (a) Representations and Warranties. (i) With respect to any extension of
credit made on the Closing Date, the Specified Representations shall be true and correct in
all material respects and (ii) with respect to any extension of credit made after the
Closing Date, each of the representations and warranties made by any Loan Party in or
pursuant to the First Lien Loan Documents shall be true and correct in all material
respects, in each case on and as of such date as if made on and as of such date except to
the extent that such representations and warranties relate to an earlier date, in which case
such representations and warranties shall be true and correct as of such earlier date
(provided that any representation and warranty that is qualified as to “materiality”,
“Material Adverse Effect” or similar language shall be true and correct in all respects).

     (b) No Default. No Default or Event of Default shall have occurred and be
continuing on such date or after giving effect to the extensions of credit requested to be
made on such date; provided that as of the Closing Date, with respect to the Loans
made and/or Letters of Credit issued on such date, notwithstanding anything herein to the
contrary, the existence or non-existence of any Default or Event of Default with respect to
a breach of representations and warranties as of the Closing Date shall relate only to the
Specified Representations.

     (c) Compliance with Financial Covenant. With respect to the making of each New
Loan, the Borrower shall have delivered to the Administrative Agent a compliance certificate
containing all information and calculations necessary for determining compliance by the
Borrower with Section 7.1 after giving effect to such New Loan.

Each borrowing by and issuance of a Letter of Credit on behalf of the Borrower hereunder shall
constitute a representation and warranty by the Borrower as of the date of such extension of credit
that the conditions contained in this Section 5.2 have been satisfied (or waived).

SECTION 6. AFFIRMATIVE COVENANTS

          Each of Holdings and the Borrower (on behalf of itself and each of the Subsidiaries) hereby
agrees that, so long as the Commitments remain in effect, any Letter of Credit remains outstanding
(that has not been cash collateralized or backstopped) or any Loan or

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other amount is owing to any
Lender or any Agent hereunder (other than contingent or indemnification obligations not then due),
Holdings and the Borrower shall and (to the extent relevant) shall cause each of the Subsidiaries
to:

          6.1 Financial Statements. Furnish to the Administrative Agent for delivery
to each Lender (which may be delivered via posting on Intralinks):

     (a) (i) within 90 days after the fiscal year ending June 30, 2007, a copy of the
audited consolidated balance sheet of the Company and its consolidated Subsidiaries as at
the end of such year and the related audited consolidated statements of income and of cash
flows for such year and (ii) within 90 days after the end of each fiscal year of Holdings
(which fiscal year may be changed as permitted under Section 7.11), commencing with the
fiscal year ending June 30, 2008 or December 31, 2008, as the case may be, a copy of the
audited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at the
end of such year and the related audited consolidated statements of income and of cash flows
for such year, in each case setting forth in each case in comparative form the figures as of
the end of and for the previous year, reported on without qualification arising out of the
scope of the audit, by PriceWaterhouseCoopers LLP or other independent certified public
accountants of nationally recognized standing; and

     (b) as soon as available, but in any event not later than 45 days after the end of each
of the first three quarterly periods of each fiscal year of Holdings, commencing with the
fiscal quarter ending September 30, 2007 the unaudited consolidated balance sheet of
Holdings and its consolidated Subsidiaries as at the end of such quarter and the related
unaudited consolidated statements of income and of cash flows for such quarter and the
portion of the fiscal year through the end of such quarter, setting forth in each case in
comparative form the figures as of the end of and for the corresponding period in the
previous year, certified by a Responsible Officer as being fairly stated in all material
respects (subject to normal year-end audit adjustments and the lack of notes);

all such financial statements to be complete and correct in all material respects and to be
prepared in reasonable detail and in accordance with GAAP applied consistently throughout the
periods reflected therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein and except, in the case of the financial
statements referred to in clause (b), for customary year-end adjustments and the absence of
footnotes).

Documents required to be delivered pursuant to this Section 6.1 may be delivered by posting such
documents electronically with notice of such posting to the Administrative Agent and each Lender
and if so posted, shall be deemed to have been delivered on the date (i) on which the Borrower
posts such documents, or provides a link thereto on the Borrower’s website on the Internet at
www.vertrue.com, or (ii) on which such documents are posted on the Borrower’s behalf on
IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the
Administrative Agent have been granted access (whether a commercial, third-party website or whether
sponsored by the Administrative Agent).

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          6.2 Certificates; Other Information. Furnish to the Administrative Agent
for delivery to each Lender, or, in the case of clause (f), to the relevant Lender:

     (a) concurrently with the delivery of any financial statements pursuant to Section 6.1,
(i) a certificate of a Responsible Officer on behalf of Holdings stating that such
Responsible Officer has obtained no knowledge of any Default or Event of Default except as
specified in such certificate and (ii) (x) if applicable for such period, a Compliance
Certificate containing all information and calculations necessary for determining compliance
by Holdings, the Borrower and its Subsidiaries with the provisions of Section 7.1 as of the
last day of the fiscal quarter or fiscal year of Holdings, as the case may be, and (y) to
the extent not previously disclosed to the Administrative Agent, a description of any new
Subsidiary and of any change in the jurisdiction of organization of any other Loan Party and
a listing of any new registrations, and applications for registration, of material
Intellectual Property acquired or made by any Loan Party since the date of the most recent
list delivered pursuant to this clause (y) (or, in the case of the first such list so
delivered, since the Closing Date);

     (b) as soon as available, but in any event not later than 60 days after the end of each
fiscal year of Holdings (commencing with the fiscal year ending on June 30, 2008), a
detailed consolidated budget for the following fiscal year (including a projected
consolidated balance sheet of Holdings, the Borrower and its Subsidiaries as of the end of
the following fiscal year and the related consolidated statements of projected cash flow and
projected income) (collectively, the “Annual Operating Budget”);

     (c) promptly after the same are sent, copies of all financial statements and reports
that Holdings or the Borrower sends to the holders of any class of its debt securities or
public equity securities (except for Permitted Investors) and, promptly after the same are
filed, copies of all financial statements and reports that Holdings or the Borrower may make
to, or file with, the SEC, in each case to the extent not already provided pursuant to
Section 6.1 or any other clause of this Section 6.2;

     (d) promptly upon delivery thereof to Holdings or the Borrower and to the extent
permitted, copies of any accountants’ letters addressed to its Board of Directors (or any
committee thereof);

     (e) promptly, such additional financial and other information as the Administrative
Agent (for its own account or upon the reasonable request from any Lender) may from time to
time reasonably request;

     (f) prior to the effectiveness thereof, copies of substantially final drafts of any
proposed material amendment, supplement, waiver or other modification with respect to the
Second Lien Credit Agreement; and

     (g) concurrently with the dispatch or receipt of the same to or from any agent under
the Second Lien Credit Agreement, copies of any notice of the occurrence of an

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event of
default under the Second Lien Credit Agreement dispatched to or received from such agent
under or in connection with the Second Lien Credit Agreement.

Documents required to be delivered pursuant to this Section 6.2 may be delivered by posting such
documents electronically with notice of such posting to the Administrative Agent and each Lender
and if so posted, shall be deemed to have been delivered on the date (i) on which the Borrower
posts such documents, or provides a link thereto on the Borrower’s website on the Internet at
www.vertrue.com, or (ii) on which such documents are posted on the Borrower’s behalf on
IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the
Administrative Agent have access (whether a commercial, third-party website or whether sponsored by
the Administrative Agent).

          6.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or
before maturity or before they become delinquent, as the case may be, all its material taxes,
governmental assessments and governmental charges (other than Indebtedness), except (a) where the
amount or validity thereof is currently being contested in good faith by appropriate proceedings
and reserves required in conformity with GAAP with respect thereto have been provided on the books
of Holdings, the Borrower or its Subsidiaries, as the case may be, or (b) to the extent that
failure to pay or satisfy such obligations could not, in the aggregate, reasonably be expected to
have a Material Adverse Effect.

          6.4 Conduct of Business and Maintenance of Existence, etc.; Compliance. (a) (i)
Preserve, renew and keep in full force and effect its corporate or other existence and (ii) take
all reasonable action to maintain all rights (other than Intellectual Property rights, the
maintenance of which is addressed in Section 6.5(b)), privileges and franchises necessary or
desirable in the normal conduct of its business, except, in each case, as otherwise permitted by
Section 7.4 or except, in the case of clause (ii) above, to the extent that failure to do so could
not reasonably be expected to have a Material Adverse Effect; and (b) comply with all Requirements
of Law except to the extent that failure to comply therewith could not, in the aggregate,
reasonably be expected to have a Material Adverse Effect; provided that, for the avoidance
of doubt, notwithstanding the foregoing clause (a)(i), the Company shall be permitted to change its
corporate identity from a Delaware corporation to a Delaware limited liability company so long as
promptly following such reorganization, the Company shall deliver to the Administrative Agent
certified copies of its certificate of formation, operating agreement, Certificate of Good Standing
from its jurisdiction of organization and such other documents as may be reasonably requested by
the Administrative Agent.

          6.5 Maintenance of Property; Insurance. (a) Keep all Property necessary in its business in adequate working order and
condition, ordinary wear and tear excepted except where a failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect.

          (b) Take all commercially reasonable and necessary steps, including, in any proceeding before
the United States Patent and Trademark Office or the United States Copyright Office, to maintain
and pursue each application (and to obtain the relevant registration) and to maintain each
registration of the Borrower Intellectual Property, including, filing of applications

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for renewal,
affidavits of use and affidavits of incontestability, except in each case to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect.

          (c) Maintain insurance with financially sound and reputable insurance companies insurance on
all its material Property in at least such amounts and against at least such risks (but including
in any event public liability, product liability and business interruption) as are usually insured
against in the same general area by companies engaged in the same or a similar business. All such
insurance shall, to the extent customary (but in any event, not including business interruption
insurance and personal injury insurance) (i) provide that no cancellation thereof shall be
effective until at least 30 days after receipt by the Administrative Agent of written notice
thereof and (ii) name the Administrative Agent as insured party or loss payee.

          6.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper
books of records and account in which full, true and correct entries in conformity with GAAP and
all Requirements of Law shall be made of all material dealings and transactions in relation to its
business and activities, (b) permit representatives of any Lender to visit and inspect any of its
properties (in the case of any real property lease, to the extent permitted in the relevant lease
agreement) and examine and make abstracts from any of its books and records upon reasonable prior
notice and during normal business hours (provided that such visits shall be coordinated by
the Administrative Agent), (c) permit representatives of any Lender to have reasonable discussions
regarding the business, operations, properties and financial and other condition of Holdings, the
Borrower and its Subsidiaries with officers and employees of Holdings, the Borrower and its
Subsidiaries, (provided that any Lender shall coordinate any request for such discussions
through the Administrative Agent) and (d) permit representatives of the Administrative Agent to
have reasonable discussions regarding the business, operations, properties and financial and other
condition of Holdings, the Borrower and its Subsidiaries with its independent certified public
accountants; provided that a Responsible Officer of Holdings or the Borrower shall be
present during such discussion and any such discussions with Holdings’ independent certified public
accountants at Holdings’ expense shall, except while an Event of Default has occurred and is
continuing, be limited to one meeting per calendar year.

          6.7 Notices. Promptly upon a Responsible Officer of Holdings or any Loan
Party obtaining knowledge thereof, give notice to the Administrative Agent (who shall promptly
notify each Lender) of:

     (a) the occurrence of any Default or Event of Default;

     (b) any litigation, investigation or proceeding which may exist at any time between
Holdings, the Borrower or any of its Subsidiaries and any other Person, that in either case,
could reasonably be expected to have a Material Adverse Effect;

     (c) the following events, that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect, as soon as possible and in any event within 30
days after Holdings, the Borrower or any Subsidiary knows thereof: (i) the occurrence of any
Reportable Event with respect to any Single Employer Plan, a failure to make any required
contribution to a Single Employer Plan, the creation of any Lien in

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favor of the PBGC or a
Single Employer Plan or any withdrawal from, or the termination, Reorganization or
Insolvency of, any Multiemployer Plan, (ii) the institution of proceedings or the taking of
any other action by the PBGC or Holdings or any Commonly Controlled Entity or any
Multiemployer Plan with respect to the withdrawal from, or the termination, Reorganization
or Insolvency of, any Plan or (iii) the occurrence of any similar events with respect to a
Commonly Controlled Plan, that would reasonably be likely to result in a direct obligation
of Holdings, the Borrower or any of its Subsidiaries to pay money;

     (d) any development or event that has had or could reasonably be expected to have a
Material Adverse Effect; and

     (e) the acquisition of any Property after the Closing Date in which the Collateral
Agent does not already have a perfected security interest and in which a security interest
is required to be created or perfected pursuant to Section 6.8.

Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer
setting forth details of the occurrence referred to therein and stating what action Holdings, the
Borrower or the relevant Subsidiary proposes to take with respect thereto.

          6.8 Additional Collateral, etc. (a) With respect to any Property (other
than Vehicles, cash, Cash Equivalents, Foreign Cash Equivalents and other assets expressly excluded
from the Collateral or excluded from the requirement that a Lien is perfected on such Property
pursuant to the First Lien Security Documents) located in the United States acquired after the
Closing Date by any Loan Party (other than (x) any interests in real property and any Property
described in paragraph (b) of this Section 6.8, (y) any Property subject to a Lien expressly
permitted by Section 7.3(g) and (z) Instruments, Certificated Securities, Securities and Chattel
Paper, which are referred to in the last sentence of this paragraph (a)) as to which the Collateral
Agent for the benefit of the Secured
Parties does not have a perfected Lien, promptly, but in any case within 30 days, (i) give
notice of such Property to the Collateral Agent and execute and deliver to the Collateral Agent
such amendments to the Guarantee and Collateral Agreement or such other documents as the Collateral
Agent reasonably requests to grant to the Collateral Agent for the benefit of the Secured Parties a
security interest in such Property and (ii) take all actions reasonably requested by the Collateral
Agent to grant to the Collateral Agent for the benefit of the Secured Parties a perfected security
interest (to the extent required by the First Lien Security Documents and with the priority
required by Section 4.17) in such Property (with respect to Property of a type owned by a Loan
Party as of the Closing Date to the extent the Collateral Agent for the benefit of the Secured
Parties, has a perfected security interest in such Property as of the Closing Date), including,
without limitation, the filing of Uniform Commercial Code financing statements in such
jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be
reasonably requested by the Collateral Agent. Any Instrument, Certificated Security (other than in
respect of the Capital Stock of any Subsidiary), Security or Chattel Paper in excess of $100,000
shall be promptly delivered to the Collateral Agent indorsed in a manner reasonably satisfactory to
the Collateral Agent to be held as Collateral pursuant to the relevant First Lien Security
Document.

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          (b) With respect to any fee interest in any real property located in the United States
having a value (together with improvements thereof) of at least $1,000,000 acquired after the
Closing Date by any Loan Party (other than any such real property subject to a Lien expressly
permitted by Section 7.3(g)) within 30 days of such acquisition, (i) give notice of such
acquisition to the Collateral Agent and, if requested by the Collateral Agent execute and deliver a
first priority Mortgage (subject to Liens permitted by Section 7.3) in favor of the Collateral
Agent for the benefit of the Secured Parties, covering such real property (provided that no
Mortgage nor survey shall be obtained if the Collateral Agent reasonably determines in consultation
with the Borrower that the costs of obtaining such Mortgage or survey are excessive in relation to
the value of the security to be afforded thereby), (ii) if reasonably requested by the Collateral
Agent (A) provide the Lenders with a lenders’ title insurance policy with extended coverage
covering such real property in an amount at least equal to the purchase price of such real property
(or such other amount as shall be reasonably specified by the Collateral Agent) as well as a
current ALTA survey thereof, together with a surveyor’s certificate unless the title insurance
policy referred to above shall not contain an exception for any matter shown by a survey (except to
the extent an existing survey has been provided and specifically incorporated into such title
insurance policy), each in form and substance reasonably satisfactory to the Collateral Agent, and
(B) use commercially reasonable efforts to obtain any consents or estoppels reasonably deemed
necessary by the Collateral Agent, in connection with such Mortgage, each of the foregoing in form
and substance reasonably satisfactory to the Collateral Agent and (iii) if requested by the
Collateral Agent deliver to the Collateral Agent legal opinions relating to the matters described
above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to
the Collateral Agent.

          (c) With respect to any new Domestic Subsidiary that is a Material Subsidiary created or
acquired after the Closing Date (which, for the purposes of this paragraph, shall include (x) any
previously non-wholly owned Domestic Subsidiary that becomes wholly owned and is a Material
Subsidiary and (y) any Domestic Subsidiary that was previously an Immaterial Subsidiary and becomes
a Material Subsidiary or a Subsidiary which is a Material Subsidiary, as applicable) by any Loan
Party, promptly, but in any case within 30 days of such acquisition, (i) give notice of such
acquisition or creation to the Collateral Agent and, if requested by the Collateral Agent, execute
and deliver to the Collateral Agent such amendments to the Guarantee and Collateral Agreement or
such other documents as the Collateral Agent reasonably deems necessary to grant to the Collateral
Agent for the benefit of the Secured Parties a perfected security interest (to the extent required
by the First Lien Security Documents and with the priority required by Section 4.17) in the Capital
Stock of such new Subsidiary that is owned by such Loan Party, (ii) deliver to the Collateral Agent
the certificates, if any, representing such Capital Stock, together with undated stock powers, in
blank, executed and delivered by a duly authorized officer of such Loan Party, and (iii) if such
new Subsidiary is a wholly owned Domestic Subsidiary (and is not an Immaterial Subsidiary), cause
such new Subsidiary (A) to become a party to the Guarantee and Collateral Agreement and (B) to take
such actions necessary or advisable to grant to the Collateral Agent for the benefit of the Secured
Parties a perfected security interest (to the extent required by the First Lien Security Documents
and with the priority required by Section 4.17) in the Collateral described in the Guarantee and
Collateral Agreement with respect to such new Subsidiary (to the extent the Collateral Agent, for
the benefit of the Secured Parties, has a perfected security interest in the same type of
Collateral as

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of the Closing Date), including, without limitation, the filing of Uniform Commercial
Code
financing statements in such jurisdictions as may be required by the Guarantee and Collateral
Agreement or by law or as may be reasonably requested by the Collateral Agent.

          (d) With respect to any new Foreign Subsidiary directly owned by Holdings, the Borrower or a
Domestic Subsidiary that is a Material Subsidiary created or acquired after the Closing Date
(which, for the purposes of this paragraph, shall include any Foreign Subsidiary directly owned by
Holdings, the Borrower or a Domestic Subsidiary that previously was an Immaterial Subsidiary and
becomes a Material Subsidiary or a Subsidiary which is a Material Subsidiary, as applicable) by any
Loan Party, promptly, but in any case within 30 days of such acquisition, (i) give notice of such
acquisition or creation to the Collateral Agent and, if requested by the Collateral Agent, execute
and deliver to the Collateral Agent such amendments to the Guarantee and Collateral Agreement or
such other documents as the Collateral Agent deems necessary or reasonably advisable in order to
grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected security
interest (to the extent required by the First Lien Security Documents and with the priority
required by Section 4.17) in the Capital Stock of such new Subsidiary that is owned by such Loan
Party (provided that in no event shall more than 65% of the total outstanding voting
Capital Stock of any Foreign Subsidiary be required to be so pledged), and (ii) to the extent
permitted by applicable law, deliver to the Collateral Agent the certificates, if any, representing
such Capital Stock, together with undated stock powers, in blank, executed and delivered by a duly
authorized officer of such Loan Party, and take such other action as may be necessary or, in the
reasonable opinion of the Collateral Agent, necessary to perfect or ensure appropriate priority the
Lien of the Collateral Agent thereon.

          (e) Notwithstanding anything to the contrary in any First Lien Loan Document, this Section 6.8
shall not apply with respect to any collateral to the extent the Administrative Agent has
reasonably determined that the value of such collateral to which this Section 6.8 would otherwise
apply is insufficient to justify the difficulty, time and/or expense of obtaining a perfected Lien
therefrom.

          6.9 Further Assurances. Maintain the security interest created by the First Lien Security Documents as a perfected
security interest having at least the priority described in Section 4.17 (to the extent such
security interest can be perfected through the filing of UCC-1 financing statements, the
Intellectual Property filings to be made pursuant to Schedule 4 of the Guarantee and Collateral
Agreement or the delivery of Pledged Securities required to be delivered under the Guarantee and
Collateral Agreement), subject to the rights of the Loan Parties under the First Lien Loan
Documents to dispose of the Collateral. From time to time the Loan Parties shall execute and
deliver, or cause to be executed and delivered, such additional instruments, certificates or
documents, and take all such actions, as the Collateral Agent may reasonably request for the
purposes of implementing or effectuating the provisions of this Agreement and the other First Lien
Loan Documents, or of renewing the rights of the Secured Parties with respect to the Collateral as
to which the Collateral Agent, for the ratable benefit of the Secured Parties, has a perfected Lien
pursuant hereto or thereto, including, without limitation, filing any financing or continuation
statements or financing change statements under the Uniform Commercial Code (or other similar laws)
in effect in any United States jurisdiction with respect to the security interests created hereby.

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          6.10 Use of Proceeds. (a) The proceeds of the Term Loans (i) shall be used to effect, in part, the Transactions
and to pay related fees and expenses and (ii) in an amount equal to the aggregate amount necessary
to pay the consideration upon full conversion of the Convertible Notes outstanding on the Closing
Date shall be deposited by the Borrower in a segregated interest bearing escrow account on the
Closing Date on terms reasonably acceptable to the Administrate Agent (the “Convertible Notes
Escrow Account”); provided that the Borrower shall be permitted to withdraw funds from
such account in accordance with Section 6.11.

          (b) The proceeds of the Revolving Loans, the Swingline Loans and the Letters of Credit shall
be used to finance Permitted Acquisitions and Investments permitted hereunder and for working
capital and other general corporate purposes of the Borrower and its Subsidiaries not prohibited by
this Agreement; provided that the Revolving Loans, the Swingline Loans and the Letters of
Credit shall not be utilized to repurchase the Convertible Notes.

          6.11 Post-Closing Undertakings. Immediately upon any obligations under any Convertible Notes becoming owing and payable by the
Borrower or upon the presentment or tender for repurchase or conversion of such Convertible Notes
by the holder(s) thereof, the Borrower shall be permitted to withdraw funds from the Convertible
Notes Escrow Account in an amount necessary to repurchase, or pay the amounts upon conversion of,
such Convertible Notes and shall use such withdrawn funds to make such payments with respect to the
Convertible Notes. After no Convertible Notes are outstanding, the Borrower shall be permitted to
close the Convertible Notes Escrow Account and all amounts remaining in the Convertible Notes
Escrow Account (including all accrued interest), if any, shall be paid to the Borrower.

          SECTION 7. NEGATIVE COVENANTS

          The Borrower (on behalf of itself and each of the Subsidiaries) hereby agrees that, so long as
the Commitments remain in effect, any Letter of Credit remains outstanding (that has not been cash
collateralized or backstopped) or any Loan or other amount is owing to any Lender or the Agents
hereunder (other than contingent or indemnification obligations not then due), the Borrower shall
not, and shall not permit any of the Subsidiaries to:

          7.1 Consolidated Total Leverage Ratio. At all times that there are Loans outstanding, permit the Consolidated Total Leverage Ratio of
Holdings as at the last day of any period of four consecutive fiscal quarters of Holdings ending on
or nearest to the date set forth below to exceed the ratio set forth below opposite such date:

	 	 	 
	 	 	Consolidated Total
	Period	 	Leverage Ratio
	December 31, 2007
	 	6.75 : 1.00
	March 31, 2008
	 	6.75 : 1.00
	June 30, 2008
	 	6.75 : 1.00
	September 30, 2008
	 	6.75 : 1.00
	December 31, 2008
	 	6.75 : 1.00
	March 31, 2009
	 	6.50 : 1.00

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	 	 	Consolidated Total
	Period	 	Leverage Ratio
	June 30, 2009
	 	6.00 : 1.00
	September 30, 2009
	 	6.00 : 1.00
	December 31, 2009
	 	6.00 : 1.00
	March 31, 2010
	 	6.00 : 1.00
	June 30, 2010
	 	5.50 : 1.00
	September 30, 2010
	 	5.50 : 1.00
	December 31, 2010
	 	5.50 : 1.00
	March 31, 2011
	 	5.50 : 1.00
	June 30, 2011
	 	4.75 : 1.00
	September 30, 2011
	 	4.75 : 1.00
	December 31, 2011
	 	4.75 : 1.00
	March 31, 2012
	 	4.75 : 1.00
	June 30, 2012 and thereafter
	 	4.25 : 1.00

          7.2 Indebtedness. Create, issue, incur, assume, or suffer to exist any Indebtedness, except:

     (a) Indebtedness of Holdings, the Borrower or any Subsidiary Guarantor pursuant to any
First Lien Loan Document, Second Lien Loan Document, Hedge Agreements (including the New
Loans) or in connection with Bank Product Obligations;

     (b) Indebtedness (i) of the Borrower to any of its Subsidiaries, (ii) of any Subsidiary
Guarantor to the Borrower or any Subsidiary, (iii) of any Non-Guarantor Subsidiary that is a
Domestic Subsidiary to any other Non-Guarantor Subsidiary that is a Domestic Subsidiary,
(iv) of any Non-Guarantor Subsidiary that is a Foreign Subsidiary to any other Non-Guarantor
Subsidiary that is a Foreign Subsidiary and (v) of any Non-Guarantor Subsidiary that is a
Foreign Subsidiary to the Borrower or any Domestic Subsidiary in an aggregate principal
amount at any one time not to exceed $25,000,000;

     (c) Indebtedness (including, without limitation, Capital Lease Obligations and purchase
money Indebtedness) secured by Liens permitted by Section 7.3(g) in an aggregate principal
amount not to exceed $15,000,000 at any one time outstanding;

     (d) Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and any
refinancings, replacements, refundings, renewals or extensions thereof (without any increase
(excluding accrued interest and the amount of reasonable fees and expenses incurred, make
whole payments and premiums paid in connection therewith) in the principal amount thereof or
any shortening of the maturity of any principal amount thereof);

     (e) Guarantee Obligations (i) by the Borrower or any of its Subsidiaries of obligations
of the Borrower or any Subsidiary Guarantor, (ii) by any Non-Guarantor Subsidiary of
obligations of any Non-Guarantor Subsidiary that is a Domestic Subsidiary and (iii) by any
Non-Guarantor Subsidiary that is a Foreign Subsidiary of obligations of any other
Non-Guarantor Subsidiary that is a Foreign Subsidiary;

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     (f) Indebtedness of the Borrower or any of its Subsidiaries arising from the honoring
by a bank or other financial institution of a check, draft or similar instrument
inadvertently drawn by the Borrower or such Subsidiary in the ordinary course of business
against insufficient funds so long as such Indebtedness is promptly repaid, or in respect of
netting services, overdraft protections, the endorsement of instruments or otherwise in
connection with customary deposit accounts;

     (g) additional unsecured Indebtedness of the Borrower or any of its Subsidiaries in an
aggregate principal amount (for the Borrower and all Subsidiaries) not to exceed $5,000,000
at any one time outstanding; provided that to the extent such Indebtedness is
incurred by Subsidiaries that are not Subsidiary Guarantors, such Indebtedness shall be
non-recourse to the Borrower and the Subsidiary Guarantors;

     (h) Indebtedness of the Borrower or any of its Subsidiaries in respect of workers’
compensation claims, health, disability or other employee benefits; property casualty or
liability insurance; take-or-pay obligations in supply arrangements; self-insurance
obligations; performance, bid, surety, custom, utility and advance payment bonds; and
performance and completion guaranties (in each case in the ordinary course of business);

     (i) Indebtedness consisting of Permitted Indebtedness; provided that the
aggregate amount of Permitted Indebtedness incurred after the Closing Date outstanding at
any time shall not exceed the sum of (i) $50,000,000 plus (ii) the aggregate amount of
Indebtedness under the First Lien Loan Documents and the Second Lien Loan Documents repaid
or prepaid prior to such time;

     (j) Indebtedness of the Borrower or any Subsidiary Guarantor as an account party in
respect of trade letters of credit issued in the ordinary course of business;

     (k) Indebtedness of any Person that (x) becomes a Subsidiary as part of a Permitted
Acquisition or Investment permitted hereunder after the Closing Date, and extensions,
renewals, refinancings and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof or shorten maturity (other than by an amount not
greater than accrued interest, fees and expenses, including premium and defeasance costs,
associated therewith), or (y) add any Subsidiary as a new obligor or new property of the
Borrower or any Subsidiary as security therefor or (z) result in a decreased average
weighted life thereof during the term of this Agreement; provided that (A) such
acquired Indebtedness exists at the time such Person becomes a Subsidiary and is not created
in contemplation of or in connection with such Person becoming a Subsidiary (except to the
extent such acquired Indebtedness refinanced (and did not increase principal (except for
accrued interest premium or fees, or expenses) or shorten maturity during the term of this
Agreement) other Indebtedness to facilitate such entity
becoming a Subsidiary), (B) the aggregate principal amount of Indebtedness permitted by
this clause (l) shall not at any one time outstanding exceed $25,000,000 and (C) neither the
Borrower nor any Subsidiary shall be a new obligor therefor and no property of the Borrower
or any Subsidiary shall provide security therefor;

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     (l) Indebtedness incurred by the Borrower or any of its Subsidiaries in the form of
customary obligations under indemnification, incentive, non-compete, consulting, deferred
compensation, or other similar arrangements;

     (m) Indebtedness incurred by the Borrower or any of its Subsidiaries in connection with
the financing of insurance premiums; and

     (n) Indebtedness incurred under any Hedge Agreement permitted hereunder or any
guarantee of such Indebtedness.

          7.3 Liens. Create, incur, assume or suffer to exist any Lien upon any of its Property, whether now
owned or hereafter acquired, except for:

     (a) Liens for taxes, assessments or governmental charges or claims not yet due or which
are being contested in good faith by appropriate proceedings; provided that adequate
reserves with respect thereto are maintained on the books of the Borrower or its
Subsidiaries, as the case may be, to the extent required by GAAP;

     (b) landlords’, carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or
other like Liens arising in the ordinary course of business which are not overdue for a
period of more than 30 days, that are being contested in good faith by appropriate
proceedings;

     (c) pledges, deposits or statutory trusts in connection with workers’ compensation,
unemployment insurance and other social security legislation;

     (d) deposits and other Liens to secure the performance of bids, tenders, trade
contracts (other than for borrowed money), leases, subleases, statutory obligations, surety
and appeal bonds, performance bonds, government contracts, trade contracts and other
obligations of a like nature incurred in the ordinary course of business;

     (e) easements, zoning restrictions, rights-of-way, licenses, covenants, restrictions
and other similar encumbrances incurred in the ordinary course of business that, in the
aggregate, do not materially detract from the value of the Property subject thereto or
materially interfere with the ordinary conduct of the business of the Borrower or any of its
Subsidiaries;

     (f) Liens (i) in existence on the date hereof listed on Schedule 7.3(f) (or to the
extent not listed on Schedule 7.3(f), where the fair market value of the Property to which
such Lien is attached is less than $1,000,000), (ii) securing Indebtedness permitted by
Section 7.2(d) and (iii) created after the date hereof in connection with any refinancing,
refundings, or renewals or extensions thereof permitted by Section 7.2(d);
provided that no such Lien is spread to cover any additional Property of the
Borrower or any Subsidiary after the Closing Date and that the amount of Indebtedness
secured thereby is not increased;

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     (g) Liens securing Indebtedness of the Borrower or any Subsidiary incurred pursuant to
Section 7.2(c), 7.2(j), 7.2(k), or 7.2 (m); provided that in the case of any such
Liens securing Indebtedness incurred pursuant to Section 7.2(c) or 7.2(k) to the extent
incurred to finance Permitted Acquisitions or Investments permitted under Section 7.7, (x)
such Liens shall be created substantially concurrently with the acquisition of the assets
financed by such Indebtedness, (y) such Liens do not at any time encumber any Property of
the Borrower or any Subsidiary other than the Property financed by such Indebtedness and the
proceeds thereof and (z) the principal amount of Indebtedness secured thereby is not
increased;

     (h) Liens created pursuant to the First Lien Loan Documents or Second Lien Loan
Documents;

     (i) any interest or title of a lessor under any lease entered into by the Borrower or
any Subsidiary in the ordinary course of its business and covering only the assets so
leased, and any financing statement filed in connection with any such lease;

     (j) Liens arising from judgments in circumstances not constituting an Event of Default
under Section 8(h);

     (k) Liens on property or assets acquired pursuant to an acquisition permitted under
Section 7.7(e) (and the proceeds thereof) or assets of a Subsidiary Guarantor in existence
at the time such Subsidiary Guarantor is acquired pursuant to an acquisition permitted under
Section 7.7(e) and not created in contemplation thereof;

     (l) Liens on Property of Non-Guarantor Subsidiaries securing Indebtedness or other
obligations not prohibited by this Agreement to be incurred by such Non-Guarantor
Subsidiaries;

     (m) receipt of progress payments and advances from customers in the ordinary course of
business to the extent same creates a Lien on the related inventory and proceeds thereof;

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

     (o) Liens arising out of consignment or similar arrangements for the sale by the
Borrower and its Subsidiaries of goods through third parties in the ordinary course of
business;

     (p) Liens solely on any cash earnest money deposits made by the Borrower or any of its
Subsidiaries in connection with an Investment permitted by Section 7.7;

     (q) Liens deemed to exist in connection with Investments permitted by Section 7.7(b)
that constitute repurchase obligations;

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     (r) Liens upon specific items of inventory or other goods and proceeds of the Borrower
or any of its Subsidiaries arising in the ordinary course of business securing such Person’s
obligations in respect of bankers’ acceptances issued or created for the account of such
Person to facilitate the purchase, shipment or storage of such inventory or other goods;

     (s) Liens on cash or cash deposits securing any Hedge Agreement permitted hereunder;

     (t) any interest or title of a lessor under any leases or subleases entered into by the
Borrower or any Subsidiary in the ordinary course of business;

     (u) bankers’ liens, rights to setoff and credit balances with respect to deposit
accounts and other Cash Equivalents or Foreign Cash Equivalents to the extent permitted by
any control agreement, and Liens encumbering customary initial deposits and margin deposits
and similar Liens attaching to commodity trading accounts or other brokerage accounts
incurred in the ordinary course of business;

     (v) Liens on insurance policies and the proceeds thereof securing the financing of the
insurance premiums in respect thereto;

     (x) license of Intellectual Property granted by the Borrower or any of its Subsidiaries
in the ordinary course of business;

     (y) any Lien constituted by any retention of title, hire purchase or conditional sale
arrangement or arrangements having similar effect in respect of goods supplied to a Loan
Party in the ordinary course of trading and on the supplier’s standard or usual terms and
securing amounts that are not more than sixty (60 ) days overdue;

     (z) repurchase rights, transfer restrictions, rights of first refusal and other similar
restrictions set forth in the organizational documents of any Person;

     (aa) Liens which are incidental to the conduct of the business of Holdings and its
Subsidiaries or the ownership of their property and assets and which were not incurred in
connection with the borrowing of money or the obtaining of advances or credit, and which do
not in the aggregate materially impair the ordinary conduct of the business of the
applicable Person; and

     (bb) other Liens with respect to obligations that do not exceed $5,000,000 at any one
time outstanding.

          7.4 Fundamental Changes. Consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its
Property or business, except that:

     (a) (i) any Subsidiary may be merged, amalgamated, liquidated or consolidated with or
into the Borrower (provided that the Borrower shall be the continuing or

74

 

surviving
corporation) or (ii) any Subsidiary may be merged, amalgamated, liquidated or consolidated
with or into any Subsidiary (provided that (x) if one of the parties to such merger,
amalgamation or consolidation is a Subsidiary Guarantor, such Subsidiary Guarantor shall be
the continuing or surviving corporation or (y) simultaneously with such transaction, the
continuing or surviving corporation shall become a Subsidiary Guarantor and the Borrower
shall comply with Section 6.8 in connection therewith; provided further that for
purposes of this clause, any Subsidiary which would be a Subsidiary Guarantor except solely
for the fact that such Subsidiary is an Immaterial Subsidiary shall be deemed to be a
Subsidiary Guarantor);

     (b) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may be merged or
consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary that is
a Subsidiary, and any Non-Guarantor Subsidiary that is a Domestic Subsidiary may be merged
or consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary that
is a Domestic Subsidiary;

     (c) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may Dispose of all or
substantially all of its assets (upon voluntary liquidation, dissolution, winding-up or
otherwise) to any other Non-Guarantor Subsidiary that is a Subsidiary, and any Non-Guarantor
Subsidiary that is a Domestic Subsidiary may Dispose of all or substantially all of its
assets (upon voluntary liquidation dissolution, winding-up or otherwise) to any other
Non-Guarantor Subsidiary that is a Domestic Subsidiary;

     (d) Dispositions permitted by Section 7.5 may be consummated; and

     (e) the Initial Borrower may be merged with and into the Company pursuant to the terms
of the Acquisition Agreement.

          7.5 Dispositions of Property. Dispose of any of its owned Property (including, without limitation, receivables) whether
now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of
such Subsidiary’s Capital Stock to any Person, except:

     (a) the Disposition of surplus, obsolete or worn out property in the ordinary course of
business and the abandonment of Intellectual Property in the ordinary course of business;

     (b) (i) the sale of inventory, goods and/or services in the ordinary course of
business, (ii) the cross-licensing or licensing of Intellectual Property, in the ordinary
course of business and (iii) the contemporaneous exchange, in the ordinary course of
business, of Property for Property of a like kind (other than as set forth in clause (ii)),
to the extent that the Property received in such exchange is of a value substantially
equivalent to the value of the Property exchanged (provided that after giving effect
to such exchange, the value of the Property of the Borrower or any Subsidiary Guarantor
subject to perfected first priority Liens in favor of the Collateral Agent under the First
Lien Security Documents is not reduced);

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     (c) Dispositions permitted by Section 7.4;

     (d) the sale or issuance of any Subsidiary’s Capital Stock to the Borrower or any
Subsidiary Guarantor; provided that the sale or issuance of Capital Stock of a
Subsidiary to the Borrower or any Subsidiary Guarantor is otherwise permitted by Section
7.7;

     (e) the Disposition of other assets having a fair market value not to exceed 2.5% of
consolidated total assets of Holdings, the Borrower and its Subsidiaries in the aggregate;
provided that the requirements of Section 2.12(b), to the extent applicable, are
complied with in connection therewith;

     (f) any Recovery Event or Specified Asset Sale; provided that the requirements
of Section 2.12(b) are complied with in connection therewith;

     (g) the leasing, occupancy agreements or sub-leasing of Property that would not
materially interfere with the required use of such Property by the Borrower or its
Subsidiaries;

     (h) the sale or discount, in each case without recourse and in the ordinary course of
business, of overdue accounts receivable arising in the ordinary course of business, but
only in connection with the compromise or collection thereof consistent with the Borrower’s
commercially reasonable business judgment or in the ordinary course of business, and any
other Disposition or financing of receivables or other loans held by the Borrower or any of
its Subsidiaries resulting from loans made in the ordinary course of business to customers
in connection with the business of MCM;

     (i) transfers of condemned property as a result of the exercise of “eminent domain” or
other similar policies to the respective Governmental Authority or agency that has condemned
same (whether by deed in lieu of condemnation or otherwise), and transfers of properties
that have been subject to a casualty to the respective insurer of such property as part of
an insurance settlement;

     (j) the Disposition of any Immaterial Subsidiary;

     (k) the transfer of Property (i) by the Borrower or any Subsidiary Guarantor to the
Borrower or any other Subsidiary Guarantor or (ii) from a Non-Guarantor Subsidiary to (A)
the Borrower or any Subsidiary Guarantor for no more than fair market value or (B) any other
Non-Guarantor Subsidiary that is a Subsidiary; provided that any sale or issuance of
Capital Stock of a Subsidiary to the Borrower or any Subsidiary Guarantor is otherwise
permitted by Section 7.7;

     (l) sale and leaseback transactions permitted by Section 7.10;

     (m) Liens permitted by Section 7.3;

     (n) Restricted Payments permitted by Section 7.6;

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     (o) Investments permitted by Section 7.7;

     (p) the sale or issuance of the Capital Stock of any Foreign Subsidiary to any other
Foreign Subsidiary, including, without limitation, in connection with any tax restructuring
activities not otherwise prohibited hereunder; and

     (q) the Specified Asset Sales.

          7.6 Restricted Payments. Declare or pay any dividend on, or make any payment on account of, or set apart assets for
a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other
acquisition of, any Capital Stock of Holdings, the Borrower or any Subsidiary, whether now or
hereafter outstanding, or make any other distribution in respect thereof, either directly or
indirectly, whether in cash or property or in obligations of Holdings, the Borrower or any
Subsidiary (collectively, “Restricted Payments”), except that:

     (a) any Subsidiary may make Restricted Payments to the Borrower or any Subsidiary
Guarantor;

     (b) (i) Non-Guarantor Subsidiaries of the Borrower that are Domestic Subsidiaries may
make Restricted Payments to other Non-Guarantor Subsidiaries that are Domestic Subsidiaries
and (ii) Non-Guarantor Subsidiaries of the Borrower that are Foreign Subsidiaries may make
Restricted Payments to other Non-Guarantor Subsidiaries that are Subsidiaries;

     (c) provided that the Borrower may make Restricted Payments in an aggregate amount not
to exceed $10,000,000, if (i) no Default or Event of Default is continuing or would result
therefrom, (ii) Holdings is in compliance with Section 7.1 immediately before and
immediately after giving effect to such Restricted Payment and (iii) the Consolidated Total
Leverage Ratio for the most recently ended period of four consecutive fiscal quarters of
Holdings immediately prior to and immediately after giving effect to such Restricted
Payment, shall not exceed 3.50:1.00; provided that no Restricted Payments may be
made under this clause (c) during any fiscal quarter if a Specified Equity Contribution has
been exercised in respect of any of the four immediately preceding fiscal quarters;

     (d) the Borrower may make Restricted Payments to Holdings to permit Holdings to pay (i)
any taxes (at the then applicable rate) which are due and payable by Holdings and the
Borrower and their Subsidiaries as part of a consolidated group, or any of the direct or
indirect equityholders of Holdings as a result of the ownership of such equity interests,
(ii) customary fees to members of its board of directors, payments in respect of
insurance coverage or for indemnification obligations under any law, indenture,
contract or agreement to any director or officer of Holdings or any of its Subsidiaries,
(iii) ordinary course corporate operating expenses and (iv) fees and expenses to the extent
permitted under clause (i) of the second sentence of Section 7.9;

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     (e) Investments permitted by Section 7.7;

     (f) Holdings may make Restricted Payments in the form of common equity of Holdings or
preferred equity of Holdings;

     (g) so long as no Default or Event of Default shall have occurred and be continuing,
the Borrower may make Restricted Payments to Holdings to permit Holdings to purchase its
common stock or common stock options from present or former officers, consultants and
directors or employees (and their heirs, estates and assigns) of Holdings, the Borrower or
any Subsidiary upon the death, disability or termination of employment of such officer or
employee or pursuant to any equity subscription, shareholder, employment or other agreement;
provided that the aggregate amount of payments under this clause (g) in any fiscal
year of Holdings shall not exceed $7,500,000 plus any proceeds actually received from key
man life insurance policies; and provided further that, without regard to
the preceding provisions of this clause (g) and in addition to purchases permitted under
such preceding provisions, the Borrower may make Restricted Payments to Holdings to permit
Holdings to purchase its common stock or common stock options from employees (and their
heirs, estates and assigns) upon the death, disability or termination of such employee or
pursuant to any equity subscription, shareholder, employment or other agreement, or pursuant
to “put rights” exercised by such employees as a result of the death, disability or
termination of their employment by the Borrower, Holdings or any Subsidiary during the
period of 24 months after the Closing Date; and

     (h) provided that no Default or Event of Default is continuing or would result
therefrom, the Borrower may make Restricted Payments with Excess Specified Asset Sale
Proceeds to the extent that after giving pro forma effect to such Restricted Payments, the
Consolidated Total Leverage Ratio for the most recently ended period of four fiscal quarters
of Holdings shall not exceed 3.50:1.00.

          7.7 Investments. Make any advance, loan, extension of credit (by way of guaranty or otherwise) or capital
contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities
of, or all or substantially all of the assets constituting an ongoing business from, or make any
other investment in, any other Person (all of the foregoing, “Investments”), except:

     (a) extensions of trade credit in the ordinary course of business;

     (b) Investments in Cash Equivalents and Foreign Cash Equivalents;

     (c) Investments arising in connection with the incurrence of Indebtedness permitted by
Sections 7.2(b) and (e);

     (d) Investments (other than those relating to the incurrence of Indebtedness permitted
by Section 7.7(c)) by the Borrower or any of its Subsidiaries in the Borrower or any Person
that, prior to such Investment, is a Subsidiary Guarantor or is a Domestic

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Subsidiary that
becomes a wholly-owned Subsidiary Guarantor at the time of such Investment;

     (e) Permitted Acquisitions to the extent that any Person acquired in such acquisition
becomes a Subsidiary Guarantor or a part of the Borrower or any Subsidiary Guarantor or
becomes (whether or not such Person is a wholly owned Subsidiary) a Subsidiary Guarantor in
the manner contemplated by Section 6.8(c); provided that for purposes of this
clause, any Subsidiary which would be a Subsidiary Guarantor except solely for the fact that
such Subsidiary is an Immaterial Subsidiary shall be deemed to be a Subsidiary Guarantor;

     (f) loans by the Borrower or any of its Subsidiaries to the officers or directors of
Holdings or the Borrower or any of its Subsidiaries in connection with management incentive
plans; provided that such loans represent cashless transactions pursuant to which
such officers or directors directly invest the proceeds of such loans in the Capital Stock
of Holdings;

     (g) Investments by the Borrower and its Subsidiaries in joint ventures or similar
arrangements in an aggregate amount (for the Borrower and all Subsidiaries) not to exceed
$10,000,000 at any one time outstanding;

     (h) Investments (including debt obligations) received in the ordinary course of
business by the Borrower or any Subsidiary in connection with the bankruptcy or
reorganization of suppliers and customers and in settlement of delinquent obligations of,
and other disputes with, customers and suppliers arising out of the ordinary course of
business;

     (i) Investments (i) by any Non-Guarantor Subsidiary that is a Domestic Subsidiary in
any other Non-Guarantor Subsidiary that is a Domestic Subsidiary and (ii) by any
Non-Guarantor Subsidiary that is a Foreign Subsidiary in any other Non-Guarantor Subsidiary
that is a Subsidiary;

     (j) Investments in existence on the Closing Date and listed on Schedule 7.7;

     (k) Investments of the Borrower or any Subsidiary under Hedge Agreements permitted
hereunder;

     (l) Investments of any Person in existence at the time such Person becomes a
Subsidiary; provided that such Investment was not made in connection with or
anticipation of such Person becoming a Subsidiary;

     (m) consummation of the Acquisition Transactions pursuant to the Acquisition Agreement;

     (n) provided that (i) no Default or Event of Default is continuing or would result
therefrom, (ii) Holdings is in compliance with Section 7.1 immediately before and
immediately after giving effect to such Investment and (iii) the Consolidated Total

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Leverage
Ratio for the most recently ended period of four consecutive fiscal quarters of Holdings
shall not exceed 4.75:1.00 for such period prior to and after giving effect to such
Investment, the Borrower may make Investments in an aggregate amount (determined as the
amount originally advanced, loaned or otherwise invested, less any returns on the respective
Investment not to exceed the original amount invested) not to exceed at any time outstanding
the Available Excess Amount;

     (o) Subsidiaries of the Borrower may be established or created, if (i) to the extent
such new Subsidiary is a Domestic Subsidiary, the Borrower and such Subsidiary comply with
the provisions of Section 6.8(c) and (ii) to the extent such new Subsidiary is a Foreign
Subsidiary, the Borrower complies with the provisions of Section 6.8(d); provided
that, in each case, to the extent such new Subsidiary is created solely for the purpose of
consummating a merger transaction pursuant to an acquisition permitted by Section 7.7(e),
and such new Subsidiary at no time holds any assets or liabilities other than any merger
consideration contributed to it contemporaneously with the closing of such merger
transactions, such new Subsidiary shall not be required to take the actions set forth in
Section 6.8(c) or 6.8(d), as applicable, until the respective acquisition is consummated (at
which time the surviving entity of the respective merger transaction shall be required to so
comply within ten Business Days);

     (p) Investments resulting from pledges and deposits referred to in Sections 7.3(c) and
(d);

     (q) the forgiveness or conversion to equity of any Indebtedness permitted by Section
7.2(b)(i) through (iv);

     (r) Investments (other than Permitted Acquisitions) made with cash proceeds of equity
contributions (other than with Disqualified Capital Stock and Specified Equity
Contributions) from shareholders of Holdings to the Borrower, after the Closing Date, to the
extent not used in connection with Section 7.6(c);

     (s) Guarantee Obligations permitted by Section 7.2 and any payments made in respect of
such Guarantees Obligations; and

     (t) provided that no Default or Event of Default is continuing or would result
therefrom, additional Investments so long as the aggregate amount thereof outstanding
(determined as the amount originally advanced, loaned or otherwise invested, less any
returns on the respective Investment not to exceed the original amount invested) at no time
exceeds $10,000,000.

It is further understood and agreed that for purposes of determining the value of any Investment
outstanding for purposes of this Section 7.7, such amount shall deemed to be the amount of such
Investment when made, purchased or acquired less any returns on such Investment (not to exceed the
original amount invested).

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          7.8 Optional Payments and Modifications of Certain Debt Instruments. (a) Make any optional or voluntary payment, prepayment, repurchase or redemption of, or
otherwise voluntarily or optionally defease the principal of or interest on, or any other amount
owing in respect of (i) any Permitted Indebtedness and (ii) any Indebtedness outstanding under the
Second Lien Credit Agreement except in accordance with Section 2.12(d) or if at any time the
Required Prepayment Lenders have waived any prepayments required under Section 2.12;
provided, that nothing in this Section 7.8 shall restrict or prohibit the repayment of any
Indebtedness outstanding under the Convertible Notes or the Convertible Notes Indenture with
proceeds from the Convertible Notes Escrow Account; or

          (b) Amend, modify or otherwise change, or consent or agree to any amendment, modification,
waiver or other change to any agreement or instrument governing or evidencing (i) Permitted
Indebtedness in any manner that is materially adverse to the Lenders without the prior consent of
the Administrative Agent (with the approval of the Required Lenders) or (ii) the Second Lien Loan
Document in any manner that is materially adverse to the Lenders (other than as permitted by the
Intercreditor Agreement), without the prior consent of the Administrative Agent (with approval of
the Required Lenders).

          7.9 Transactions with Affiliates. Enter into any transaction, including, without limitation, any purchase, sale, lease or
exchange of Property, the rendering of any service or the payment of any management, advisory or
similar fees, with any Affiliate (other than Holdings, the Borrower or any Subsidiary) unless such
transaction is (a) otherwise not prohibited under this Agreement and (b) upon fair and reasonable
terms no less favorable to Holdings, the Borrower or such Subsidiary, as the case may be, than it
would obtain in a comparable arm’s-length transaction with a Person that is not an Affiliate.
Notwithstanding the foregoing, the Borrower and its Subsidiaries may (i) pay any fees under the
Management Agreement; provided that such fees shall not, in the aggregate, exceed
$2,000,000 (which may be paid no more frequently than monthly) per annum plus the payment or
reimbursement of expenses which are limited to reasonable out-of-pocket expenses incurred by the
Permitted Investors and their respective Affiliates in connection with the provision of their
services; and (ii) without being subject to the terms of this Section 7.9, enter into any
transaction with any Person which is an Affiliate of Holdings only by reason of such Person and
Holdings having common directors. For the avoidance of doubt, this Section 7.9 shall not apply to
employment arrangements with, and payments of compensation, expense reimbursement, indemnification
or benefits to or for the benefit of, current or former employees, officers or directors of
Holdings, the Borrower or any of its Subsidiaries.

          7.10 Sales and Leasebacks. Enter into any arrangement with any Person providing for the leasing by the Borrower or any
Subsidiary of real or personal property which is to be sold or transferred by the Borrower or such
Subsidiary (a) to such Person or (b) to any other Person to whom funds have been or are to be
advanced by such Person on the security of such property or rental obligations of the Borrower or
such Subsidiary, except for (i) sales or transfers that do not exceed
$5,000,000 in the aggregate at any one time outstanding, (ii) sales or transfers by the
Borrower or any Subsidiary Guarantor to the Borrower or any other Subsidiary Guarantor and (iii)
sales or transfers by any Non-Guarantor Subsidiary to any other Non-Guarantor Subsidiary that is a
Subsidiary. Notwithstanding anything to the contrary herein,

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no transaction or arrangement
shall be restricted under this Section 7.10 if, in connection with such transaction or arrangement,
any Indebtedness or Lien incurred is permitted to be incurred under Section 7.2 and Section 7.3 or
any Disposition of property is permitted under Section 7.5.

          7.11 Changes in Fiscal Periods. Permit the fiscal year of Holdings to end on a day other than June 30th or
December 31st of each year.

          7.12 Negative Pledge Clauses. Enter into any agreement that prohibits or limits the ability of Holdings, the Borrower or
any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its
Property or revenues, whether now owned or hereafter acquired, to secure the Obligations or, in the
case of any Guarantor, its obligations under the Guarantee and Collateral Agreement, other than (a)
this Agreement and the other First Lien Loan Documents and any agreement related to any Permitted
Indebtedness and the Second Lien Loan Documents, (b) any agreements governing any purchase money
Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or
limitation shall only be effective against the assets financed thereby and the proceeds thereof),
(c) software and other Intellectual Property licenses pursuant to which Holdings, the Borrower or
such Subsidiary is the licensee or licensor of the relevant software or Intellectual Property, as
the case may be, (in which case, any prohibition or limitation shall relate only to the assets
subject of the applicable license), (d) Contractual Obligations incurred in the ordinary course of
business and on customary terms which limit Liens on the assets subject of the applicable
Contractual Obligation, (e) any agreements regarding Indebtedness of any Non-Guarantor Subsidiary
not prohibited under Section 7.2 (in which case, any prohibition or limited shall only be effective
against the assets of such Non-Guarantor Subsidiary and its Subsidiaries), (f) prohibitions and
limitations in effect on the date hereof and listed on Schedule 7.12, (g) customary provisions
contained in joint venture agreements and other similar agreements applicable to joint ventures
entered into in the ordinary course of business, (h) customary provisions restricting the
subletting or assignment of any lease governing a leasehold interest, (i) customary restrictions
and conditions contained in any agreement relating to an asset sale permitted by Section 7.4 or 7.5
and (j) any agreement in effect at the time any Person becomes a Subsidiary, so long as such
agreement was not entered into in contemplation of such Person becoming a Subsidiary.

          7.13 Clauses Restricting Subsidiary Distributions. Enter into any consensual encumbrance or restriction on the ability of any Subsidiary to
(a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or pay any
Indebtedness owed to, the Borrower or any Subsidiary or (b) make Investments in the Borrower or any
Subsidiary, except for such encumbrances or restrictions existing under or by reason of (i) any
restrictions existing under the First Lien Loan Documents,
(ii) any restrictions with respect to such Subsidiary imposed pursuant to an agreement that
has been entered into in connection with the Disposition of all or substantially all of the Capital
Stock or assets of such Subsidiary, (iii) any restrictions set forth in the documentation for any
Permitted Indebtedness and the Second Lien Loan Documents, (iv) any restrictions contained in
agreements related to Indebtedness of any Non-Guarantor Subsidiary not prohibited under Section 7.2
(in which case such restriction shall relate only to such Non-Guarantor Subsidiary and its
Subsidiaries), (v) any restrictions regarding licenses or sublicenses by the Borrower and its
Subsidiaries of Intellectual

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Property in the ordinary course of business (in which case such
restriction shall relate only to such Intellectual Property), (vi) Contractual Obligations incurred
in the ordinary course of business which include customary provisions restricting the assignment of
any agreement relating thereto, (vii) customary provisions contained in joint venture agreements
and other similar agreements applicable to joint ventures entered into in the ordinary course of
business, (viii) customary provisions restricting the subletting or assignment of any lease
governing a leasehold interest, (ix) customary restrictions and conditions contained in any
agreement relating to an asset sale permitted by Section 7.4 or 7.5, (x) any agreement in effect at
the time any Person becomes a Subsidiary, so long as such agreement was not entered into in
contemplation of such Person becoming a Subsidiary, (xi) such restrictions in effect on the Closing
Date and listed on Schedule 7.13, (xii) applicable law, and (xiii) restrictions on cash or other
deposits or net worth imposed by customers under contracts entered into in the ordinary course of
business.

          7.14 Lines of Business. Enter into any business, either directly or through any of its Subsidiaries, except for the
Business.

          7.15 Limitation on Hedge Agreements. Enter into any Hedge Agreement other than Hedge Agreements entered into for a bona fide
business purpose or as required hereby, and not for speculative purposes.

          7.16 Limitation on Activities of Holdings. In the case of Holdings only, notwithstanding anything to the contrary in this Agreement or
any other First Lien Loan Document:

          (a) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise
engage in, any business or operations other than (i) those incidental to its ownership of the
Capital Stock of the Borrower and (indirectly) the Subsidiaries of the Borrower and those
incidental to Investments by or in Holdings permitted hereunder, (ii) activities incidental to the
maintenance of its existence and compliance with applicable laws and legal, tax and accounting
matters related thereto and activities relating to its employees, (iii) activities relating to the
performance of obligations under the First Lien Loan Documents and Second Lien Loan Documents to
which it is a party or expressly permitted thereunder, (iv) the making of Restricted Payments to
the extent of Restricted Payments permitted to be made to Holdings pursuant to Section 7.6, (v) the
receipt and payment of Restricted Payments permitted under Section 7.6 and (vi) the other
transactions expressly permitted under this Section 7.16;

          (b) incur, create, assume or suffer to exist any Indebtedness or other liabilities or
financial obligations, except (I) unsecured Indebtedness; provided that (v) no scheduled
principal payments, prepayments, redemptions or sinking fund or like payments shall be required
prior to the maturity date of the Second Lien Loans, (w) no payment of interest in cash shall be
required prior to the fifth anniversary of the issuance of such Indebtedness, (x) such Indebtedness
shall have terms which shall be no more restrictive in any respect on the Loan Parties than the
provisions of the Second Lien Loans, (y) no Default or Event of Default shall have occurred and be
continuing at the time of incurrence of such Indebtedness or would result therefrom and (z)
immediately after giving effect to the issuance of such Indebtedness, (i) Holdings shall be in
compliance with Section 7.1 and (ii) the Consolidated Total Leverage Ratio for the most recently
ended period of four consecutive fiscal quarters of Holdings shall not exceed 4.75:1.00 for such

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period (in each case, calculated as if such Indebtedness had been incurred on the first day of such
period ending on or prior to such date), (II) nonconsensual obligations imposed by operation of
law, (III) pursuant to the First Lien Loan Documents and Second Lien Loan Documents to which it is
a party, (IV) obligations to its employees, officers and directors not prohibited hereunder and (V)
obligations under the Acquisition Agreement (as in effect on the Closing Date);

          (c) own, lease, manage or otherwise operate any properties or assets (including cash (other
than cash received in connection with dividends paid by the Borrower in accordance with Section 7.6
pending application in the manner contemplated by said Section and Cash Equivalents or cash
borrowed under Section 7.16(b)) other than the ownership of shares of Capital Stock of the
Borrower; or

          (d) consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its
Property or business.

SECTION 8. EVENTS OF DEFAULT

          If any of the following events shall occur and be continuing:

     (a) The Borrower shall fail to pay (i) any principal of any Loan or Reimbursement
Obligation when due in accordance with the terms hereof or (ii) any interest owed by it on
any Loan or Reimbursement Obligation, or any other amount payable by it hereunder or under
any other First Lien Loan Document, within two Business Days after any such interest or
other amount becomes due in accordance with the terms hereof; or

     (b) (i) On the Closing Date, any Specified Representation, and (ii) at any time after
the Closing Date, any representation or warranty made or deemed made by any Loan Party
herein or in any other First Lien Loan Document or that is contained in any certificate,
document or financial or other statement furnished by it at any time under or in connection
with this Agreement or any such other First Lien Loan Document, shall, in either case, prove
to have been inaccurate in any material respect on or as of the date made or deemed made or
furnished; or

     (c) Any Loan Party shall default in the observance or performance of any agreement
contained in Section 6.4(a) (with respect to Holdings or the Borrower), Section 6.7(a) or
Section 7 of this Agreement; or

     (d) Any Loan Party shall default in the observance or performance of any other
agreement contained in this Agreement or any other First Lien Loan Document (other than as
provided in paragraphs (a) through (c) of this Section), and such default shall continue
unremedied for a period of 5 Business Days after such Loan Party receives from the
Administrative Agent or any Lender notice of the existence of such default; or

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     (e) Holdings, the Borrower or any of its Subsidiaries shall (i) default in making any
payment of any principal of any Indebtedness (excluding the Loans and Reimbursement
Obligations) on the scheduled or original due date with respect thereto; or (ii) default in
making any payment of any interest on any such Indebtedness beyond the period of grace, if
any, provided in the instrument or agreement under which such Indebtedness was created;
(iii) default in the observance or performance of any other agreement or condition relating
to any such Indebtedness or contained in any instrument or agreement evidencing, securing
or relating thereto, or any other event of default shall occur and such default or event of
default shall continue unremedied beyond the expiration of any applicable grace period
(provided that this clause (iii) shall not apply with respect to any default
relating to or arising out of any Loan Party’s failure to comply with Section 4.2 of the
Convertible Notes Indenture), the effect of which payment or other default or other event
of default described in clauses (i), (ii) or (iii) of this paragraph (e) is to cause, or to
permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of
such holder or beneficiary) to cause, with the giving of notice if required, such
Indebtedness to become due prior to its stated maturity or to become subject to a mandatory
offer to purchase by the obligor thereunder or to become payable; or (iv) default in the
observance of the covenant set forth in Section 4.2 of the Convertible Notes Indenture and
as a result thereof the principal of the Indebtedness thereunder is accelerated in
accordance with the terms thereof and is not paid or satisfied within 3 Business Days
following such acceleration; provided that (A) a default, event or condition
described in this paragraph shall not at any time constitute an Event of Default unless, at
such time, one or more defaults or events of default of the type described in this
paragraph shall have occurred and be continuing with respect to Indebtedness the
outstanding principal amount of which exceeds in the aggregate $10,000,000 and (B) this
paragraph (e) shall not apply to (I) secured Indebtedness that becomes due as a result of
the sale, transfer, destruction or other disposition of the Property or assets securing
such Indebtedness if such sale, transfer, destruction or other disposition is not
prohibited hereunder or (II) any Guarantee Obligations except to the extent such Guarantee
Obligations shall become due and payable by any Loan Party and remain unpaid after any
applicable grace period or period permitted following demand for the payment thereof; or

     (f) (i) Holdings, the Borrower or any of its Material Subsidiaries shall commence any
case, proceeding or other action (A) under any existing or future law of any jurisdiction,
domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of
debtors, seeking to have an order for relief entered with respect to it, or
seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization,
arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief
with respect to it or its debts, or (B) seeking appointment of a receiver, trustee,
custodian, conservator or other similar official for it or for all or any substantial part
of its assets, or Holdings, the Borrower or any of its Subsidiaries (other than any
Immaterial Subsidiary) shall make a general assignment for the benefit of its creditors; or
(ii) there shall be commenced against Holdings, the Borrower or any of its Subsidiaries
(other than any Immaterial Subsidiary) any case, proceeding or other action of a nature
referred to in clause (i) above

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that (A) results in the entry of an order for relief or any
such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a
period of 60 days; or (iii) there shall be commenced against Holdings, the Borrower or any
of its Subsidiaries (other than any Immaterial Subsidiary) any case, proceeding or other
action seeking issuance of a warrant of attachment, execution, distraint or similar process
against substantially all of its assets that results in the entry of an order for any such
relief that shall not have been vacated, discharged, or stayed or bonded pending appeal
within 60 days from the entry thereof; or (iv) Holdings, the Borrower or any of its
Subsidiaries (other than any Immaterial Subsidiary) shall consent to or approve of, or
acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v)
Holdings, the Borrower or any of its Subsidiaries (other than any Immaterial Subsidiary)
shall generally not, or shall be unable to, or shall admit in writing its inability to, pay
its debts as they become due; or

     (g) (i) Holdings, the Borrower or any of its Subsidiaries shall incur any liability in
connection with any non-exempt “prohibited transaction” (as defined in Section 406 of ERISA
or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency”
(as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any
Single Employer Plan or any Lien in favor of the PBGC or a Single Employer Plan shall arise
on the assets of Holdings, the Borrower or any of its Subsidiaries, (iii) a Reportable Event
shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a
trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which
Reportable Event or commencement of proceedings or appointment of a trustee is reasonably
likely to result in the termination of such Single Employer Plan for purposes of Title IV of
ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v)
Holdings, the Borrower or any of its Subsidiaries shall, or is reasonably likely to, incur
any liability as a result of a withdrawal from, or the Insolvency or Reorganization of, a
Multiemployer Plan or (vi) any other event or condition (other than one which could not
reasonably be expected to result in a violation of any applicable law or of the
qualification requirements of the Code) shall occur or exist with respect to a Plan or a
Commonly Controlled Plan; and in each case in clauses (i) through (vi) above, such event or
condition, together with all other such events or conditions, if any, could reasonably be
expected to result in a direct obligation of Holdings, the Borrower or any of its
Subsidiaries to pay money that would have a Material Adverse Effect; or

     (h) One or more judgments or decrees shall be entered against Holdings, the Borrower or
any of its Material Subsidiaries involving for Holdings, the Borrower and any Material
Subsidiaries taken as a whole a liability (to the extent not paid or covered by insurance or
effective indemnity) of $10,000,000 or more, and all such judgments or
decrees shall not have been vacated, discharged, stayed or bonded pending appeal within
30 days from the entry thereof; or

     (i) Any of the First Lien Security Documents shall cease, for any reason (other than by
reason of the express release thereof pursuant to Section 10.15), to be in full force and
effect in any material respect, or any Loan Party shall so assert in writing, or any Lien on
any material amount of Collateral created by any of the First Lien Security

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Documents shall
cease in any material respect to be enforceable and of the same effect and priority
purported to be created thereby; or

     (j) (i) Holdings shall cease directly or indirectly to own 100% of the Capital Stock of
the Borrower; or (ii) if prior to an IPO, the Permitted Investors and their Affiliates shall
collectively cease to own directly or indirectly at least 50.1% of the Capital Stock of
Holdings; or (iii) after an IPO, the Permitted Investors and their Affiliates shall
collectively cease to own directly or indirectly at least 50.1% of the Capital Stock of
Holdings and any single shareholder which is not a Permitted Investor (or an Affiliate
thereof) shall own a greater amount than the Permitted Investors and their Affiliates,
collectively;

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above with respect to the Borrower, automatically the Commitments shall
immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts
owing under this Agreement and the other First Lien Loan Documents shall immediately become due and
payable, and (B) if such event is any other Event of Default, either or both of the following
actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may,
or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the
Borrower declare the Revolving Commitments to be terminated forthwith, whereupon the Revolving
Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the
Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent
shall, by notice to the Borrower, declare the Loans hereunder (with accrued interest thereon) and
all other amounts owing under this Agreement and the other First Lien Loan Documents to be due and
payable forthwith, whereupon the same shall immediately become due and payable. In the case of all
Letters of Credit with respect to which presentment for honor shall not have occurred at the time
of an acceleration pursuant to this paragraph, the Borrower shall at such time deposit in a cash
collateral account opened by the Administrative Agent an amount equal to the aggregate then undrawn
and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall
be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit,
and the unused portion thereof after all such Letters of Credit shall have expired or been
backstopped or been fully drawn upon, if any, shall be applied to repay other obligations of the
Borrower hereunder and under the other First Lien Loan Documents. After all such Letters of Credit
shall have expired or been fully drawn upon, all Reimbursement Obligations shall have been
satisfied and all other obligations of the Borrower then due and owing hereunder and under the
other First Lien Loan Documents shall have been paid in full, the balance, if any, in such cash
collateral account shall be returned to the Borrower (or such other Person as may be lawfully
entitled thereto). Except as expressly provided above in this Section or otherwise in any First
Lien Loan
Document, presentment, demand and protest of any kind are hereby expressly waived by Holdings and
the Borrower.

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SECTION 9. THE AGENTS

          9.1 Appointment. Each Lender hereby irrevocably designates and appoints each Agent as the agent of such
Lender under the First Lien Loan Documents and each such Lender irrevocably authorizes each Agent,
in such capacity, to take such action on its behalf under the provisions of the applicable First
Lien Loan Documents and to exercise such powers and perform such duties as are expressly delegated
to such Agent by the terms of the applicable First Lien Loan Documents, together with such other
powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary
elsewhere in this Agreement, the Agents shall not have any duties or responsibilities, except those
expressly set forth herein, or any fiduciary relationship with any Lender, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other First Lien Loan Document or otherwise exist against the Agents.

          9.2 Delegation of Duties. Each Agent may execute any of its duties under the applicable First Lien Loan Documents by
or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all
matters pertaining to such duties. Neither Agent shall be responsible for the negligence or
misconduct of any agents or attorneys in-fact selected by it with reasonable care.

          9.3 Exculpatory Provisions. Neither Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or
affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such
Person under or in connection with this Agreement or any other First Lien Loan Document (except to
the extent that any of the foregoing are found by a final and nonappealable decision of a court of
competent jurisdiction to have resulted from its or such Person’s own bad faith, gross negligence,
bad faith or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any
recitals, statements, representations or warranties made by any Loan Party or any officer thereof
contained in this Agreement or any other First Lien Loan Document or in any certificate, report,
statement or other document referred to or provided for in, or received by the Agents under or in
connection with, this Agreement or any other First Lien Loan Document or for the value, validity,
effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other First Lien
Loan Document or for any failure of any Loan Party a party thereto to perform its obligations
hereunder or thereunder. The Agents shall not be under any obligation to any Lender to ascertain
or to inquire as to the observance or performance of any of the agreements contained in, or
conditions of, this Agreement or any other First Lien Loan Document, or to inspect the properties,
books or records of any Loan Party.

          9.4 Reliance by the Agents. The Agents shall be entitled to rely, and shall be fully protected in relying, upon any
instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex
or teletype message, statement, order or other document or conversation believed by it to be
genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon
advice and statements of legal counsel (including counsel to Holdings and the Borrower),
independent accountants and other experts selected by the Agents. The Agents may deem and treat
the payee of any Note as the owner thereof for all purposes unless a written notice of assignment,
negotiation or transfer thereof shall have been

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filed with the Administrative Agent. The Agents
shall be fully justified in failing or refusing to take any action under the applicable First Lien
Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or,
if so specified by this Agreement, all Lenders or the Majority Facility Lenders in respect of any
Facility) as it deems appropriate or it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense that may be incurred by it by reason of taking or
continuing to take any such action. The Agents shall in all cases be fully protected in acting, or
in refraining from acting, under the applicable First Lien Loan Documents in accordance with a
request of the Required Lenders (or, if so specified by this Agreement, all Lenders or the Majority
Facility Lenders in respect of any Facility), and such request and any action taken or failure to
act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans.

          9.5 Notice of Default. Neither Agent shall be deemed to have knowledge or notice of the occurrence of any Default
or Event of Default unless such Agent has received notice from a Lender, Holdings or the Borrower
referring to this Agreement, describing such Default or Event of Default and stating that such
notice is a “notice of default”. In the event that an Agent receives such a notice, such Agent
shall give notice thereof to the Lenders. The Agents shall take such action with respect to such
Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so
specified by this Agreement, all Lenders or the Majority Facility Lenders in respect of any
Facility); provided that unless and until an Agent shall have received such directions,
such Agent may (but shall not be obligated to) take such action, or refrain from taking such
action, with respect to such Default or Event of Default as it shall deem advisable in the best
interests of the Lenders.

          9.6 Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges that neither the Agents nor any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates have made any representations or
warranties to it and that no act by the Agents hereafter taken, including any review of the affairs
of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation
or warranty by any Agent to any Lender. Each Lender represents to the Agents that it has,
independently and without reliance upon any Agent or any other Lender, and based on such documents
and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of the Loan
Parties and their affiliates and made its own decision to make its Loans hereunder and enter into
this Agreement. Each Lender also represents that it will, independently and without reliance upon
any Agent or any other Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own
credit analysis, appraisals and decisions in taking or not taking action under the applicable First
Lien Loan Documents, and to make such investigation as it deems necessary to inform itself as to
the business, operations, property, financial and other condition and creditworthiness of the Loan
Parties and their affiliates. Except for notices, reports and other documents expressly required
to be furnished to the Lenders by the Agents hereunder, the Agents shall not have any duty or
responsibility to provide any Lender with any credit or other information concerning the business,
operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan
Party or any affiliate of a Loan Party that may come into the possession of either Agent or any of
its officers, directors, employees, agents, attorneys-in-fact or affiliates.

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          9.7 Indemnification. The Lenders agree to indemnify each Agent and any Issuing Lender in its capacity as such
(to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower
to do so), ratably according to their respective Aggregate Exposure Percentages in effect on the
date on which indemnification is sought under this Section (or, if indemnification is sought after
the date upon which the Commitments shall have terminated and the Loans shall have been paid in
full, ratably in accordance with such Aggregate Exposure Percentages immediately prior to such
date), from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time
(whether before or after the payment of the Loans) be imposed on, incurred by or asserted against
such Agent or any Issuing Lender in any way relating to or arising out of, the Commitments, this
Agreement, any of the other First Lien Loan Documents or any documents contemplated by or referred
to herein or therein or the transactions contemplated hereby or thereby or any action taken or
omitted by such Agent or any Issuing Lender under or in connection with any of the foregoing;
provided that no Lender shall be liable for the payment of any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements that are found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from such Agent’s or any Issuing Lender’s gross negligence or willful
misconduct. The agreements in this Section shall survive the payment of the Loans and all other
amounts payable hereunder.

          9.8 Agent in Its Individual Capacity. Each Agent and its affiliates may make loans to, accept deposits from and generally engage
in any kind of business with any Loan Party as though such Agent were not an Agent. With respect
to its Loans made or renewed by it and with respect to any Letter of Credit issued or participated
in by it, each Agent shall have the same rights and powers under the applicable First Lien Loan
Documents as any Lender and may exercise the same as though it were not an Agent, and the terms
“Lender” and “Lenders” shall include each Agent in its individual capacity.

          9.9 Successor Agents. Any Agent may resign upon 30 days’ notice to the Lenders, the Borrower and the other Agent
effective upon appointment of a successor Agent. Upon receipt of any such
notice of resignation, the Required Lenders shall appoint from among the Lenders a successor
agent for the Lenders, which successor agent shall (unless an Event of Default under Section 8(a)
or Section 8(f) with respect to the Borrower shall have occurred and be continuing) be subject to
approval by the Borrower (which approval shall not be unreasonably withheld or delayed), whereupon
such successor agent shall succeed to the rights, powers and duties of such retiring Agent, and the
retiring Agent’s rights, powers and duties as Agent shall be terminated, without any other or
further act or deed on the part of such retiring Agent or any of the parties to this Agreement or
any holders of the Loans. If no successor Agent shall have been so appointed by the Required
Lenders with such consent of the Borrower and shall have accepted such appointment within 30 days
after the retiring Agent’s giving of notice of resignation, then the retiring Agent may, on behalf
of the Lenders and with the consent of the Borrower (such consent not to be unreasonably withheld
or delayed), appoint a successor Agent, that shall be a bank that has an office in New York, New
York with a combined capital and surplus of at least $500,000,000. After any retiring Agent’s
resignation as Agent, the provisions of this Section 9 shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Agent under this Agreement and the other First Lien
Loan Documents.

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          9.10 Authorization to Release Liens and Guarantees. The Agents are hereby irrevocably authorized by each of the Lenders to effect any release
or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 without further
action or consent by the Lenders.

          9.11 Arranger and Other Agents. Neither the Joint Lead Arrangers nor the Syndication Agent shall have any duties or
responsibilities hereunder in their respective capacities as such.

SECTION 10. MISCELLANEOUS

          10.1 Amendments and Waivers. Neither this Agreement, any other First Lien Loan Document, nor any terms hereof or thereof
may be amended, supplemented or modified except in accordance with the provisions of this Section
10.1. The Required Lenders and each Loan Party party to the relevant First Lien Loan Document may,
or, with the written consent of the Required Lenders, the Agents and each Loan Party to the
relevant First Lien Loan Document may, from time to time, (a) enter into written amendments,
supplements or modifications hereto and to the other First Lien Loan Documents for the purpose of
adding any provisions to this Agreement or the other First Lien Loan Documents or changing in any
manner the rights or obligations of the Agents, the Swingline Lender, the Issuing Lenders, the
Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions
as the Required Lenders or the Agents may specify in such instrument, any of the requirements of
this Agreement or the other First Lien Loan Documents or any Default or Event of Default and its
consequences; provided, however, that no such waiver and no such amendment,
supplement or modification shall (i) forgive or reduce the principal amount or extend the final
scheduled date of maturity of any Loan, extend
the scheduled date of any amortization payment in respect of any Term Loan, reduce the stated
rate of any interest or fee payable hereunder (except that any amendment or modification of defined
terms used in the financial covenant in this Agreement or waiver of post-default rates of interest
shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i))
or extend the scheduled date of any payment thereof, or increase the amount or extend the
expiration date of any Lender’s Revolving Commitment, in each case without the written consent of
each Lender directly and adversely affected thereby; (ii) eliminate or reduce the voting rights of
any Lender under this Section 10.1 without the written consent of such Lender; (iii) reduce any
percentage specified in the definition of Required Lenders, consent to the assignment or transfer
by the Borrower of any of its rights and obligations under this Agreement and the other First Lien
Loan Documents, release all or substantially all of the Collateral or release all or substantially
all of the Guarantors from their obligations under the Guarantee and Collateral Agreement, in each
case without the written consent of all Lenders; (iv) amend, modify or waive any provision of
paragraph (a) or (c) of Section 2.18 or paragraph (a) of Section 10.7 without the written consent
of each Lender directly and adversely affected thereby; (v) amend, modify or waive any provision of
paragraph (b) of Section 2.18 without the written consent of the Majority Facility Lenders in
respect of each Facility adversely affected thereby; (vi) reduce the percentage specified in the
definition of Majority Facility Lenders with respect to any Facility without the written consent of
all Lenders under such Facility; (vii) amend, modify or waive any provision of Section 9 without
the written

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consent of the Agents; (viii) amend, modify or waive any provision of Section 2.6 or
2.7 without the written consent of the Swingline Lender; (ix) amend, modify or waive any provision
of Section 3 without the written consent of the Issuing Lenders; (x) amend the assignment
provisions of Section 10.6(b) to make them more restrictive without the written consent of each
Lender directly and adversely affected thereby; or (xi) amend, modify or waive any provisions of
Section 7.1 without the written consent of the Required Lenders determined, solely for this
purpose, without regard to any Loans. Any such waiver and any such amendment, supplement or
modification shall apply equally to each of the Lenders and shall be binding upon the Loan Parties,
the Lenders, the Agents and all future holders of the Loans. In the case of any waiver, the Loan
Parties, the Lenders and the Agents shall be restored to their former position and rights hereunder
and under the other First Lien Loan Documents, and any Default or Event of Default waived shall be
deemed to be cured and not continuing unless limited by the terms of such waiver, but no such
waiver shall extend to any subsequent or other Default or Event of Default, or impair any right
consequent on any such subsequent or other Default or Event of Default.

          Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with
the written consent of the Required Lenders, the Administrative Agent, Holdings and the Borrower
(a) to add one or more additional credit facilities to this Agreement (it being understood that no
Lender shall have any obligation to provide or to commit to provide all or any portion of any such
additional credit facility) and to permit the extensions of credit from time to time outstanding
thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of
this Agreement and the other Loan Documents with the Term Loans and Revolving Extensions of Credit
and the accrued interest and fees in respect thereof and (b) to include appropriately the Lenders
holding such credit facilities in any determination of the Required Lenders and Majority Facility
Lenders.

          In addition, notwithstanding the foregoing, this Agreement may be amended with the written
consent of the Administrative Agent, Holdings, the Borrower and the Lenders providing the relevant
Replacement Term Loans (as defined below) to permit the refinancing of all outstanding Term Loans
(“Refinanced Term Loans”) with a replacement term loan tranche hereunder (“Replacement
Term Loans”); provided that (a) the aggregate principal amount of such Replacement Term
Loans shall not exceed the aggregate principal amount of such Refinanced Term Loans plus interest
and fees and the amount of any reasonable fees and expenses incurred in connection with such
refinancing, (b) the Applicable Margin for such Replacement Term Loans during the period prior to
the maturity of such Refinanced Term Loans shall not be higher than the Applicable Margin for such
Refinanced Term Loans, (c) the weighted average life to maturity of such Replacement Term Loans
shall not be shorter than the weighted average life to maturity of such Refinanced Term Loans at
the time of such refinancing and (d) all other terms applicable to such Replacement Term Loans
shall be substantially identical to, or less favorable to the Lenders providing such Replacement
Term Loans than, those applicable to such Refinanced Term Loans, except to the extent necessary to
provide for covenants and other terms applicable to any period after the latest final maturity of
the Term Loans in effect immediately prior to such refinancing.

          10.2 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective
shall be in writing (including by telecopy), and, unless otherwise

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expressly provided herein, shall
be deemed to have been duly given or made when delivered, or three Business Days after being
deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received,
addressed as follows in the case of Holdings, the Borrower, the Agents, and as set forth in an
administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or
to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 
	Holdings:

	 	Velo Holdings Inc.
	 

	 	c/o Vertrue Incorporated
	 

	 	20 Glover Avenue
	 

	 	Norwalk, CT 06850
	 

	 	Attention: Chief Financial Officer
	 

	 	Telecopy: (203) 674-7014
	 
	 	 
	 

	 	and
	 
	 	 
	 

	 	One Equity Partners
	 

	 	320 Park Avenue, 18th Floor
	 

	 	New York, NY 10022
	 

	 	Attention: Jamie Koven
	 

	 	Telecopy: (212) 277-1533
	 
	 	 
	 

	 	with a copy to (which shall not constitute notice to
Holdings):
	 
	 	 
	 

	 	Dechert LLP
	 

	 	Cira Centre
	 

	 	2929 Arch Street
	 

	 	Philadelphia, PA 19104-2808
	 

	 	Attention: Carmen J. Romano, Esq.
	 

	 	Jeffrey
M. Katz, Esq.

	 

	 	Telecopy: (215) 994-2222
	 
	 	 
	The Borrower:

	 	Vertrue Incorporated
	 

	 	20 Glover Avenue
	 

	 	Norwalk, CT 06850
	 

	 	Attention: Chief Financial Officer
	 

	 	Telecopy: (203) 674-7014
	 
	 	 
	 

	 	and
	 
	 	 
	 

	 	One Equity Partners
	 

	 	320 Park Avenue, 18th Floor
	 

	 	New York, NY 10022
	 

	 	Attention: Jamie Koven
	 

	 	Telecopy: (212) 277-1533

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	 	with a copy to (which shall not constitute notice to
the Borrower):
	 
	 	 
	 

	 	Dechert LLP
	 

	 	Cira Centre
	 

	 	2929 Arch Street
	 

	 	Philadelphia, PA 19104-2808
	 

	 	Attention: Carmen J. Romano, Esq.
	 

	 	Jeffrey
M. Katz, Esq.

	 

	 	Telecopy: (215) 994-2222
	 
	 	 
	Agents:

	 	Lehman Commercial Paper Inc.
	 

	 	745 Seventh Avenue, 16th Floor
	 

	 	New York, NY 10019
	 

	 	Attention: Vertrue Portfolio Manager
	 

	 	Telecopy: (646) 834-4997
	 

	 	Telephone: (212) 526-1819

provided that any notice, request or demand to or upon the Agents, the Lenders, Holdings or
the Borrower shall not be effective until received.

          Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Agents; provided that the
foregoing shall not apply to notices pursuant to Section 2 unless otherwise agreed by the Agents
and the applicable Lender. The Agents, Holdings or the Borrower may, in their discretion, agree to
accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be limited to
particular notices or communications.

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

          10.4 Survival of Representations and Warranties. All representations and warranties made hereunder, in the other First Lien Loan Documents
and in any document, certificate or statement delivered pursuant hereto or in connection herewith
shall survive the execution and delivery of this Agreement and the making of the Loans and other
extensions of credit hereunder.

          10.5 Payment of Expenses; Indemnification. The Borrower agrees (a) to pay or reimburse each Agent and the Joint Lead Arrangers for all
their respective reasonable and

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documented out-of-pocket costs and expenses incurred in connection
with the syndication of the Facilities (other than fees payable to syndicate members) and the
development, preparation, execution and delivery of this Agreement and the other First Lien Loan
Documents and any other documents prepared in connection herewith or therewith and any amendment,
supplement or modification thereto, and, as to the Agents only, the administration of the
transactions contemplated hereby and thereby, including, without limitation, the reasonable and
documented fees and disbursements and other charges of counsel to the Agents (including one primary
counsel and such local counsel as the Agents may
reasonably require in connection with collateral matters, but no more than one counsel in any
jurisdiction) in connection with all of the foregoing, (b) to pay or reimburse each Lender, each
Issuing Lender, the Agents and the Joint Lead Arrangers for all their out-of-pocket costs and
expenses incurred in connection with the enforcement of any rights under this Agreement, the other
First Lien Loan Documents and any such other documents, including, without limitation, the fees and
disbursements of counsel (including the allocated fees and expenses of in-house counsel) to each
Lender, each Issuing Lender and the Agents, (c) to pay, indemnify, or reimburse each Lender, each
Issuing Lender and the Agents for, and hold each Lender, each Issuing Lender and the Agents
harmless from, any and all recording and filing fees and any and all liabilities with respect to,
or resulting from any delay in paying, stamp, excise and similar other taxes, if any, which may be
payable or determined to be payable in connection with the execution and delivery of, or
consummation or administration of any of the transactions contemplated by, or any amendment,
supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the
other First Lien Loan Documents and any such other documents and (d) to pay, indemnify or reimburse
each Lender, each Issuing Lender, each Agent, each Joint Lead Arranger and their respective
affiliates, and their respective officers, directors, trustees, employees, advisors, agents and
controlling Persons (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and
against any and all other liabilities, obligations, losses, damages, penalties, costs, expenses or
disbursements arising out of any actions, judgments or suits of any kind or nature whatsoever,
arising out of or in connection with any claim, action or proceeding relating to or otherwise with
respect to the execution, delivery, enforcement, performance and administration of this Agreement,
the other First Lien Loan Documents and any such other documents, including, without limitation,
any of the foregoing relating to the use of proceeds of the Loans or the violation of,
noncompliance with or liability under, any Environmental Law applicable to the operations of
Holdings, the Borrower, any of its Subsidiaries or any of the Properties and the fees and
disbursements and other charges of legal counsel in connection with claims, actions or proceedings
by any Indemnitee against Holdings or the Borrower hereunder (all the foregoing in this clause (d),
collectively, the “Indemnified Liabilities”); provided that neither Holdings nor
the Borrower shall have any obligation hereunder to any Indemnitee with respect to Indemnified
Liabilities to the extent such Indemnified Liabilities are found by a final and nonappealable
decision of a court of competent jurisdiction to have resulted from the bad faith, gross negligence
or willful misconduct of, such Indemnitee or its affiliates, officers, directors, trustees,
employees, advisors, agents or controlling Persons. All amounts due under this Section 10.5 shall
be payable promptly after receipt of a reasonably detailed invoice therefor. Statements payable by
the Borrower pur
suant to this Section 10.5 shall be submitted to the Borrower at the address
thereof set forth in Section 10.2, or to such other Person or address as may be hereafter
designated by the

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Borrower in a written notice to the Administrative Agent. The agreements in this
Section 10.5 shall survive repayment of the Obligations.

          10.6 Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby (including any
affiliate of any Issuing Lender that issues any Letter of Credit), except that (i) the Borrower may
not assign or otherwise transfer any of its rights or obligations hereunder (other than pursuant to
the Merger) without the prior written consent of each Lender (and any attempted assignment or
transfer by the Borrower (other than pursuant to the Merger) without such consent shall be null
and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder
except in accordance with this Section 10.6, and in no event to certain Persons identified to the
Administrative Agent by the Borrower in writing prior to the Closing Date.

          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may
assign to one or more assignees, except to certain Persons designated in writing by the Borrower to
the Administrative Agent prior to the Closing Date (each, an “Assignee”), all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Commitments
and the Loans at the time owing to it) with the prior written consent (such consent not to be
unreasonably withheld or delayed) of:

     (A) the Borrower; provided that no consent of the Borrower shall be required
for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund (as defined below)
or, if an Event of Default has occurred and is continuing, any other Person;

     (B) the Administrative Agent; and

     (C) in the case of an assignment under the Revolving Facility, each Issuing Lender and
the Swingline Lender.

Any such assignment by any Lender need not be ratable as among the Facilities.

     (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitments or Loans under any Facility, the amount of the Commitments or Loans of the
assigning Lender subject to each such assignment (determined as of (I) the date the
Assignment and Assumption with respect to such assignment is delivered to the Administrative
Agent or (II) if earlier, the “trade date” (if any) specified in such Assignment and
Assumption) shall not be less than $2,500,000 in the case of any assignment in respect of a
revolving facility, or $1,000,000 in the case of any assignment in respect of a term
facility, unless the Borrower and the Administrative Agent otherwise consent;
provided that (1) no such consent of the Borrower shall be required if an Event of
Default under Section 8(a) or (f) has occurred and is continuing and (2) such amounts

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shall
be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any;

(B) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500
(which shall not be payable by Holdings or any of its Affiliates); provided that
only one such fee shall be payable in the case of contemporaneous assignments to or by two
or more related Approved Funds; and

(C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an administrative questionnaire.

          For the purposes of this Section 10.6, “Approved Fund” means any Person (other than a
natural person) that is engaged in making, purchasing, holding or investing in bank loans and
similar extensions of credit in the ordinary course and that is administered or managed by (a) a
Lender, (b) an Affiliate of a Lender or (c) (i) an entity or an Affiliate of an entity that
administers or manages a Lender or (ii) an entity or an Affiliate of an entity that is the
investment advisor to a Lender.

          (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from
and after the effective date specified in each Assignment and Assumption the Assignee thereunder
shall be a party hereto and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption,
be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 2.19, 2.20, 2.21 and 10.5). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 10.6 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section 10.6.

          (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the Commitments of, and
principal amount of the Loans and L/C Obligations owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). Holdings, the Borrower, the Administrative
Agent, the Issuing Lenders, the Swingline Lender and the Lenders may treat each Person whose name
is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of
this Agreement (and the entries in the Register shall be conclusive for such purposes),
notwithstanding notice to the contrary. The Register shall be available for inspection by
Holdings, the Borrower, the Issuing Lenders, the Swingline Lender and any Lender, at any reasonable
time and from time to time upon reasonable prior notice.

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          (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an Assignee, the Assignee’s completed administrative questionnaire (unless the Assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section 10.6 and any written consent to such assignment required by paragraph (b) of
this Section 10.6, the Administrative Agent shall accept such Assignment and Assumption and record
the information contained therein in the Register. No assignment shall be effective for purposes
of this Agreement unless it has been recorded in the Register as provided in this paragraph.

          (c) (i) Any Lender may, without the consent of the Borrower or the Administrative Agent,
sell participations to one or more banks or other entities (a “Participant”), but in any
event not to certain Persons identified to the Administrative Agent by the Borrower prior to the
Closing Date, in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitments and the Loans owing to it);
provided that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (C) the Borrower, the Administrative Agent, the Issuing Lenders, the Swingline
Lender and the other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement. Any agreement pursuant
to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Agreement and to approve any amendment, modification or waiver of any
provision of this Agreement; provided that such agreement may provide that such Lender will
not, without the consent of the Participant, agree to any amendment, modification or waiver that
(1) requires the consent of each Lender directly and adversely affected thereby pursuant to the
proviso to the second sentence of Section 10.1 and (2) directly affects such Participant. Subject
to paragraph (c)(ii) of this Section 10.6, the Borrower agrees that each Participant shall be
entitled to the benefits of Sections 2.19, 2.20 and 2.21 to the same extent as if it were a Lender
and had acquired its interest by assignment pursuant to paragraph (b) of this Section 10.6.

          (ii) A Participant shall not be entitled to receive any greater payment under Section 2.19 or
2.20 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 to such greater amounts. No Participant shall be
entitled to the benefits of Section 2.20 unless such Participant complies with Section 2.20(d) or
(e), as (and to the extent) applicable, as if such Participant were a Lender.

          (d) Any Lender may, without the consent of or notice to the Administrative Agent or the
Borrower, at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement to secure obligations of such Lender, including any pledge or assignment to
secure obligations to a Federal Reserve Bank, and this Section 10.6 shall not apply to any such
pledge or assignment of a security interest; provided that no such pledge or assignment of
a security interest shall release a Lender from any of its obligations hereunder or substitute any
such pledgee or Assignee for such Lender as a party hereto. The Borrower, upon receipt of written
notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate
transactions of the type described in this paragraph (d).

98

 

          10.7 Adjustments; Set-off. (a) Except to the extent that this Agreement provides for payments to be allocated to a
particular Lender or to the Lenders under a particular Facility, if any Lender (a “Benefitted
Lender”) shall at any time receive any payment of all or part of the Obligations owing to it,
or receive any collateral in respect thereof (whether voluntarily or involuntarily, by setoff,
pursuant to events or proceedings of the nature referred to in Section 8(f), or otherwise) in a
greater proportion than any such payment to or collateral received by any other Lender, if any, in
respect of such other Lender’s Obligations, such Benefitted Lender shall purchase for cash from the
other Lenders a participating interest in such portion of each such other Lender’s Obligations, or
shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to
cause such Benefitted Lender to share the excess payment or benefits of such collateral ratably
with each of the Lenders; provided, however, that if all or any portion of such
excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase
shall be rescinded, and the purchase price and benefits returned, to the extent of such
recovery, but without interest.

          (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower, any such notice being expressly waived by the
Borrower to the extent permitted by applicable law, upon any amount becoming due and payable by the
Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) after the
expiration of any cure or grace periods, to set off and appropriate and apply against such amount
any and all deposits (general or special, time or demand, provisional or final but excluding trust
accounts, employee benefit accounts, payroll and withholding accounts and the like), in any
currency, and any other credits, indebtedness or claims, in any currency, in each case whether
direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such
Lender or any branch or agency thereof to or for the credit or the account of the Borrower. Each
Lender agrees promptly to notify the Borrower and the Administrative Agent after any such setoff
and application made by such Lender; provided that the failure to give such notice shall
not affect the validity of such setoff and application.

          10.8 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of an executed signature page of this Agreement
or Lender Addendum by facsimile transmission or by electronic mail in “portable document format”
shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of
this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative
Agent.

          10.9 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.

99

 

          10.10 Integration. This Agreement and the other First Lien Loan Documents represent the entire agreement of
Holdings, the Borrower, the Agents and the Lenders with respect to the subject matter hereof and
thereof.

          10.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          10.12 Submission to Jurisdiction; Waivers. Each of Holdings and the Borrower hereby irrevocably and unconditionally:

     (a) submits for itself and its Property in any legal action or proceeding relating to
this Agreement and the other First Lien Loan Documents to which it is a party, or for
recognition and enforcement of any judgment in respect thereof, to the non-exclusive general
jurisdiction of the courts of the State of New York, the courts of the United States for the
Southern District of New York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to it at its address set forth in Section 10.2 or at such other
address of which the Administrative Agent shall have been notified pursuant thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages.

          10.13 Acknowledgments. Each of Holdings and the Borrower hereby acknowledges that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other First Lien Loan Documents;

     (b) neither the Agents nor any Lender has any fiduciary relationship with or duty to
either of Holdings or the Borrower arising out of or in connection with this Agreement or
any of the other First Lien Loan Documents, and the relationship between the Agents

100

 

and
Lenders, on one hand, and Holdings and the Borrower, on the other hand, in connection
herewith or therewith is solely that of debtor and creditor; and

     (c) no joint venture is created hereby or by the other First Lien Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the Lenders or
among Holdings, the Borrower and the Lenders.

          10.14 Confidentiality. The Agents and the Lenders agree to treat any and all information, regardless of the medium or
form of communication, that is disclosed, provided or furnished, directly or indirectly, by or on
behalf of Holdings or any of its affiliates, whether in writing, orally, by observation or
otherwise and whether furnished before or after the Closing Date (“Confidential
Information”), strictly confidential and not to use Confidential Information for any purpose
other than evaluating the Transactions and negotiating, making available, syndicating and
administering this Agreement (the “Agreed Purposes”). Without limiting the foregoing, each
Agent and each Lender agrees to maintain the confidentiality of all Confidential Information, and
each Agent and each Lender agrees not to disclose Confidential Information, at any time, in any
manner whatsoever, directly or indirectly, to any other Person whomsoever, except (1) to its
directors, officers, employees, counsel, trustees and other representatives (collectively, the
“Representatives”), to the extent necessary to permit such Representatives to assist in
connection with the Agreed Purposes, (2) to prospective Lenders and participants in connection with
the syndication (including secondary trading) of the Facilities and Commitments and Loans
hereunder, in each case who are informed of the confidential nature of the information and agree to
observe and be bound by standard confidentiality terms, (3) upon the request or demand of any
Governmental Authority having jurisdiction over it, (4) in response to any order of any
Governmental Authority or as may otherwise be required pursuant to any Requirement of Law, (5) to
the extent reasonably required or necessary, in connection with any litigation or similar
proceeding relating to the Facilities, (6) that has been publicly disclosed other than in breach of
this Section 10.14, (7) to the National Association of Insurance Commissioners or any similar
organization or any nationally recognized rating agency that requires access to information about a
Lender’s investment portfolio in connection with ratings issued with respect to such Lender or (8)
to the extent reasonably required or necessary, in connection with the exercise of any remedy under
the First Lien Loan Documents.

          10.15 Release of Collateral and Guarantee Obligations; Subordination of
Liens. (a) Notwithstanding anything to the contrary contained herein or in any other First Lien
Loan Document, upon request of the Borrower in connection with any Disposition of Property
permitted by the First Lien Loan Documents or permitted by the Required Lenders, the Collateral
Agent shall (without notice to, or vote or consent of, any Lender, or any affiliate of any Lender
that is a party to any Specified Hedge Agreement, Bank Product Obligations or contingent or
indemnification obligations not then due) take such actions as shall be required to release its
security interest in any Collateral being Disposed of in such Disposition, and to release any
Guarantee Obligations under any First Lien Loan Document of any Person being Disposed of in such
Disposition, to the extent necessary to permit consummation of such Disposition in accordance with
the First Lien Loan Documents. Any representation, warranty or covenant contained in any First
Lien Loan Document relating to any such Property so Disposed of (other

101

 

than Property Disposed of to
the Borrower or any of its Subsidiaries) shall no longer be deemed to be repeated once such
Property is so Disposed of.

          (b) Notwithstanding anything to the contrary contained herein or any other First Lien Loan
Document, when all Obligations (other than (x) obligations in respect of any Specified Hedge
Agreement or any Bank Product Obligations and (y) any contingent or indemnification obligations not
then due) have been paid in full, all Commitments have terminated or expired and no Letter of
Credit shall be outstanding that is not cash collateralized
or backstopped, upon request of the Borrower, the Collateral Agent shall (without notice to,
or vote or consent of, any Lender, or any affiliate of any Lender that is a party to any Specified
Hedge Agreement or documentation with respect to any Bank Product Obligations) take such actions as
shall be required to release its security interest in all Collateral, and to release all Guarantee
Obligations under any First Lien Loan Document, whether or not on the date of such release there
may be outstanding Obligations in respect of Specified Hedge Agreements, Bank Product Obligations
or contingent or indemnification obligations not then due. Any such release of Guarantee
Obligations shall be deemed subject to the provision that such Guarantee Obligations shall be
reinstated if after such release any portion of any payment in respect of the Obligations
guaranteed thereby shall be rescinded or must otherwise be restored or returned upon the
insolvency, bankruptcy, dissolution, liquidation or reorganization of the Borrower or any
Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of,
or trustee or similar officer for, the Borrower or any Guarantor or any substantial part of its
property, or otherwise, all as though such payment had not been made.

          (c) Notwithstanding anything to the contrary contained herein or in any other First Lien Loan
Document, upon request of the Borrower in connection with any Liens permitted by the First Lien
Loan Documents or permitted to be incurred by the Required Lenders, the Collateral Agent shall
(without notice to, or vote or consent of, any Lender) take such actions as shall be required to
subordinate the Lien on any Collateral to any Lien permitted under Section 7.3.

          10.16 Accounting Changes. In the event that any Accounting Change (as defined below) shall occur and such change
results in a change in the method of calculation of the financial covenant, standards or terms in
this Agreement, then Holdings and the Agents agree to enter into negotiations in order to amend
such provisions of this Agreement so as to equitably reflect such Accounting Changes with the
desired result that the criteria for evaluating Holdings’ financial condition shall be the same
after such Accounting Changes as if such Accounting Changes had not been made. Until such time as
such an amendment shall have been executed and delivered by Holdings, the Agents and the Required
Lenders, the financial covenant and all standards and terms in this Agreement shall continue to be
calculated or construed as if such Accounting Changes had not occurred. “Accounting
Changes” refers to changes in accounting principles required by the promulgation of any rule,
regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American
Institute of Certified Public Accountants or, if applicable, the SEC.

          10.17 WAIVERS OF JURY TRIAL. EACH OF HOLDINGS, THE BORROWER, THE AGENTS AND THE LENDERS HEREBY IRREVOCABLY AND

102

 

UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

          10.18 USA PATRIOT ACT. Each Lender hereby notifies the Loan Parties that pursuant to the requirements of the USA
Patriot Act (Title III of Publ. 107-56 (signed into law October 26, 2001)) (the “Act”), it
is required to obtain, verify and record information that identifies the Loan Parties, which
information includes the name and address of the Borrower and other information that will allow
such Lender to identify the Loan Parties in accordance with the Act.

          10.19 Delivery of Lender Addenda. Each Lender (other than any Lender whose name appears on the signature pages to this Agreement)
shall become a party to this Agreement by delivering to the Agents a Lender Addendum duly executed
by such Lender.

103

 

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

	 	 	 	 	 
	 	 	VELO HOLDINGS INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ James Koven
	 

	 	 	 	 
	 

	 	 	 	Name: James Koven
	 

	 	 	 	Title: Secretary
	 
	 	 	 	 
	 	 	VELO ACQUISITION INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ James Koven
	 

	 	 	 	 
	 

	 	 	 	Name: James Koven
	 

	 	 	 	Title: Secretary
	 
	 	 	 	 
	 	 	VERTRUE INCORPORATED
	 
	 	 	 	 
	 

	 	By:	 	 /s/ James Duffy
	 

	 	 	 	 
	 

	 	 	 	Name: James Duffy
	 

	 	 	 	Title: Secretary

104

 

	 	 	 	 	 
	 
	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC.,
	 	 	as Administrative Agent
	 
	 	 	 	 
	 

	 	By:	 	/s/ Laurie Perper
	 

	 	 	 	 
	 

	 	 	 	Name: Laurie Perper
	 

	 	 	 	Title: Senior Vice President
	 
	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC.,
	 	 	as Collateral Agent
	 
	 	 	 	 
	 

	 	By:	 	/s/ Laurie Perper
	 

	 	 	 	 
	 

	 	 	 	Name: Laurie Perper
	 

	 	 	 	Title: Senior Vice President
	 
	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.,
	 	 	as Syndication Agent
	 
	 	 	 	 
	 

	 	By:	 	/s/ Ann B. Kerns
	 

	 	 	 	 
	 

	 	 	 	Name: Ann B. Kerns
	 

	 	 	 	Title: Vice President
	 
	 	 	 	 
	 	 	LEHMAN BROTHERS INC.,
	 	 	as Joint Lead Arranger and Joint Bookrunner
	 
	 	 	 	 
	 

	 	By:	 	/s/ Laurie Perper 
	 

	 	 	 	 
	 

	 	 	 	Name: Laurie Perper
	 

	 	 	 	Title: Senior Vice President
	 
	 	 	 	 
	 	 	J.P. MORGAN SECURITIES INC.,
	 	 	as Joint Lead Arranger and Joint Bookrunner
	 
	 	 	 	 
	 

	 	By:	 	/s/ Earl E. Dowling
	 

	 	 	 	 
	 

	 	 	 	Name: Earl E. Dowling
	 

	 	 	 	Title: Vice President

105

 

	 	 	 	 	 
	 
	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as Issuing Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Ann B. Kerns
	 

	 	 	 	 
	 

	 	 	 	Name: Ann B. Kerns
	 

	 	 	 	Title: Vice President

106EX-10.2

 

Exhibit
10.2

EXECUTION COPY

 

$200,000,000

SECOND LIEN CREDIT AGREEMENT

among

VELO HOLDINGS INC.,

as a Guarantor,

VELO ACQUISITION INC.,

as Initial Borrower,

VERTRUE INCORPORATED,

as Company or Surviving Borrower, as applicable,

The Several Lenders from Time to Time Parties Hereto,

LEHMAN COMMERCIAL PAPER INC.,

as Administrative Agent and Collateral Agent,

JPMORGAN CHASE BANK, N.A.,

as Syndication Agent,

and

LEHMAN BROTHERS INC.

and

J.P. MORGAN SECURITIES INC.,

as Joint Lead Arrangers and Joint Bookrunners

Dated as of August 16, 2007

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1. DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	1.1 Defined Terms
	 	 	1	 
	1.2 Other Definitional Provisions
	 	 	26	 
	 
	 	 	 	 
	SECTION 2. AMOUNT AND TERMS OF COMMITMENTS
	 	 	27	 
	 
	 	 	 	 
	2.1 Commitments
	 	 	27	 
	2.2 Procedure for Borrowing
	 	 	27	 
	2.3 [Reserved]
	 	 	27	 
	2.4 Repayment of Loans
	 	 	27	 
	2.5 Optional Prepayments
	 	 	28	 
	2.6 Mandatory Prepayments
	 	 	29	 
	2.7 Conversion and Continuation Options
	 	 	30	 
	2.8 Minimum Amounts and Maximum Number of Eurodollar Tranches
	 	 	31	 
	2.9 Interest Rates and Payment Dates
	 	 	31	 
	2.10 Computation of Interest and Fees
	 	 	32	 
	2.11 Inability to Determine Interest Rate
	 	 	32	 
	2.12 Pro Rata Treatment and Payments
	 	 	32	 
	2.13 Requirements of Law
	 	 	34	 
	2.14 Taxes
	 	 	35	 
	2.15 Indemnity
	 	 	37	 
	2.16 Illegality
	 	 	38	 
	2.17 Mitigation of Costs; Change of Lending Office
	 	 	38	 
	2.18 Replacement of Lenders
	 	 	38	 
	2.19 Fees
	 	 	39	 
	 
	 	 	 	 
	SECTION 3. REPRESENTATIONS AND WARRANTIES
	 	 	39	 
	 
	 	 	 	 
	3.1 Financial Condition
	 	 	39	 
	3.2 No Change
	 	 	40	 
	3.3 Existence; Compliance with Law
	 	 	40	 
	3.4 Corporate Power; Authorization; Enforceable Obligations
	 	 	40	 
	3.5 No Legal Bar
	 	 	41	 
	3.6 No Material Litigation
	 	 	41	 
	3.7 No Default
	 	 	41	 
	3.8 Ownership of Property; Liens
	 	 	41	 
	3.9 Intellectual Property
	 	 	42	 
	3.10 Taxes
	 	 	42	 
	3.11 Federal Regulations
	 	 	42	 
	3.12 ERISA
	 	 	42	 
	3.13 Investment Company Act
	 	 	43	 
	3.14 Subsidiaries
	 	 	43	 
	3.15 Environmental Matters
	 	 	43	 
	3.16 Accuracy of Information, etc.
	 	 	43	 
	3.17 Security Documents
	 	 	44	 
	3.18 Solvency
	 	 	45	 

i

 

	 	 	 	 	 
	 	 	Page	 
	SECTION 4. CONDITIONS PRECEDENT
	 	 	45	 
	 
	 	 	 	 
	SECTION 5. AFFIRMATIVE COVENANTS
	 	 	48	 
	 
	 	 	 	 
	5.1 Financial Statements
	 	 	48	 
	5.2 Certificates; Other Information
	 	 	49	 
	5.3 Payment of Obligations
	 	 	50	 
	5.4 Conduct of Business and Maintenance of Existence, etc.; Compliance
	 	 	51	 
	5.5 Maintenance of Property; Insurance
	 	 	51	 
	5.6 Inspection of Property; Books and Records; Discussions
	 	 	51	 
	5.7 Notices
	 	 	52	 
	5.8 Additional Collateral, etc.
	 	 	53	 
	5.9 Further Assurances
	 	 	55	 
	5.10 Use of Proceeds
	 	 	55	 
	5.11 Post-Closing Undertakings
	 	 	55	 
	 
	 	 	 	 
	SECTION 6. NEGATIVE COVENANTS
	 	 	56	 
	 
	 	 	 	 
	6.1 Indebtedness
	 	 	56	 
	6.2 Liens
	 	 	58	 
	6.3 Fundamental Changes
	 	 	60	 
	6.4 Dispositions of Property
	 	 	61	 
	6.5 Restricted Payments
	 	 	63	 
	6.6 Investments
	 	 	64	 
	6.7 Optional Payments and Modifications of Certain Debt Instruments
	 	 	67	 
	6.8 Transactions with Affiliates
	 	 	67	 
	6.9 Sales and Leasebacks
	 	 	67	 
	6.10 Changes in Fiscal Periods
	 	 	68	 
	6.11 Negative Pledge Clauses
	 	 	68	 
	6.12 Clauses Restricting Subsidiary Distributions
	 	 	68	 
	6.13 Lines of Business
	 	 	69	 
	6.14 Limitation on Hedge Agreements
	 	 	69	 
	6.15 Limitation on Activities of Holdings
	 	 	69	 
	6.16 Consolidated Total Leverage Ratio
	 	 	70	 
	 
	 	 	 	 
	SECTION 7. EVENTS OF DEFAULT
	 	 	71	 
	 
	 	 	 	 
	SECTION 8. THE AGENTS
	 	 	74	 
	 
	 	 	 	 
	8.1 Appointment
	 	 	74	 
	8.2 Delegation of Duties
	 	 	74	 
	8.3 Exculpatory Provisions
	 	 	74	 
	8.4 Reliance by the Agents
	 	 	75	 
	8.5 Notice of Default
	 	 	75	 
	8.6 Non-Reliance on Agents and Other Lenders
	 	 	75	 
	8.7 Indemnification
	 	 	76	 
	8.8 Agent in Its Individual Capacity
	 	 	76	 
	8.9 Successor Agents
	 	 	76	 

ii

 

	 	 	 	 	 
	 	 	Page	 
	8.10 Authorization to Release Liens and Guarantees
	 	 	77	 
	8.11 Arranger and Other Agents
	 	 	77	 
	 
	 	 	 	 
	SECTION 9. MISCELLANEOUS
	 	 	77	 
	 
	 	 	 	 
	9.1 Amendments and Waivers
	 	 	77	 
	9.2 Notices
	 	 	79	 
	9.3 No Waiver; Cumulative Remedies
	 	 	80	 
	9.4 Survival of Representations and Warranties
	 	 	81	 
	9.5 Payment of Expenses; Indemnification
	 	 	81	 
	9.6 Successors and Assigns; Participations and Assignments
	 	 	82	 
	9.7 Adjustments; Set-off
	 	 	84	 
	9.8 Counterparts
	 	 	85	 
	9.9 Severability
	 	 	85	 
	9.10 Integration
	 	 	85	 
	9.11 GOVERNING LAW
	 	 	85	 
	9.12 Submission to Jurisdiction; Waivers
	 	 	86	 
	9.13 Acknowledgments
	 	 	86	 
	9.14 Confidentiality
	 	 	87	 
	9.15 Release of Collateral and Guarantee Obligations; Subordination of Liens
	 	 	87	 
	9.16 Accounting Changes
	 	 	88	 
	9.17 WAIVERS OF JURY TRIAL
	 	 	88	 
	9.18 USA PATRIOT ACT
	 	 	89	 
	9.19 Intercreditor Agreement
	 	 	89	 
	9.20 Delivery of Lender Addenda
	 	 	89	 

iii

 

	 	 	 
	SCHEDULES:	 	 
	 
	3.1
	 	Obligations
	3.4
	 	Consents, Authorizations, Filings and Notices
	3.8A
	 	Excepted Property
	3.8B
	 	Owned Real Property
	3.14
	 	Subsidiaries
	3.17(a)
	 	UCC Filing Jurisdictions
	6.1(d)
	 	Existing Indebtedness
	6.2(f)
	 	Existing Liens
	6.6
	 	Existing Investments
	6.11
	 	Existing Negative Pledge Clauses
	6.12
	 	Existing Clauses Restricting Subsidiary Distributions

	 	 	 
	EXHIBITS:	 	 
	 
	A
	 	Form of Guarantee and Collateral Agreement
	B
	 	Form of Compliance Certificate
	C
	 	Form of Closing Certificate
	D
	 	Form of Assignment and Assumption
	E
	 	Form of Exemption Certificate
	F
	 	Form of Solvency Certificate
	G
	 	Form of Lender Addendum
	H
	 	Form of Prepayment Option Notice
	I
	 	Form of Intercreditor Agreement
	J
	 	Form of Promissory Note

iv

 

     SECOND LIEN CREDIT AGREEMENT, dated as of August 16, 2007, among VELO HOLDINGS INC., a
Delaware corporation (“Holdings”), VELO ACQUISITION INC., a Delaware corporation (the
“Initial Borrower”), VERTRUE INCORPORATED, a Delaware corporation (the “Company” or
the “Surviving Borrower”), the several banks and other financial institutions or entities
from time to time parties to this Agreement (the “Lenders”), LEHMAN COMMERCIAL PAPER INC.,
as Administrative Agent and Collateral Agent, JPMORGAN CHASE BANK, N.A., as syndication agent (in
such capacity, the “Syndication Agent”), and LEHMAN BROTHERS INC. and J.P. MORGAN
SECURITIES INC., as Joint Lead Arrangers and Joint Bookrunners.

     The parties hereto hereby agree as follows:

SECTION 1. DEFINITIONS

     1.1 Defined Terms. As used in this Agreement, the terms listed in this
Section 1.1 shall have the respective meanings set forth in this Section 1.1.

     “91/4% Senior Notes”: 91/4% Senior Notes due 2014 issued pursuant to the 91/4%
Senior Notes Indenture.

     “91/4% Senior Notes Indenture”: that certain Indenture dated as of April 13, 2004 among
Memberworks Incorporated, the guarantors party thereto and LaSalle Bank National Association, as
Trustee, pursuant to which the 91/4% Senior Notes were issued.

     “ABR”: for any day, a rate per annum equal to the greater of (a) the Prime Rate in
effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.
For purposes hereof: “Prime Rate” shall mean the prime lending rate as set forth on the
British Banking Association Reuters Page 5 (or such other comparable page as may, in the reasonable
opinion of the Administrative Agent, replace such page for the purpose of displaying such rate), as
in effect from time to time. Any change in the ABR due to a change in the Prime Rate or the
Federal Funds Effective Rate shall be effective as of the opening of business on the effective day
of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

     “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR.

     “Account Control Agreement”: the Securities Account Control Agreement dated as of the
date hereof among the Surviving Borrower, LaSalle Bank National Association, as depositary, and Lehman Commercial Paper Inc. as Collateral Agent and as
collateral agent under the First Lien Loan Documents.

     “Accounting Changes”: as defined in Section 9.16.

     “Acquisition”: as defined in the definition of “Permitted Acquisition”.

 

 

     “Acquisition Agreement”: the Agreement and Plan of Merger, dated as of March 22,
2007, by and among Holdings, the Initial Borrower and the Surviving Borrower.

     “Acquisition Transactions”: the Merger and the other transactions contemplated by the
Acquisition Agreement.

     “Administrative Agent”: Lehman Commercial Paper Inc., as the administrative agent for
the Lenders under this Agreement and the other Second Lien Loan Documents, together with any of its
successors and permitted assigns.

     “Affiliate”: as to any Person, any other Person that, directly or indirectly, is in
control of, is controlled by, or is under common control with, such Person. For purposes of this
definition, “control” of a Person means the power, directly or indirectly to direct or cause the
direction of the management and policies of such Person, in either case whether by contract or
otherwise.

     “Agents”: the collective reference to the Collateral Agent and the Administrative
Agent.

     “Agreed Purposes”: as defined in Section 9.14.

     “Agreement”: this Second Lien Credit Agreement, as amended, supplemented or otherwise
modified from time to time.

     “Annual Operating Budget”: as defined in Section 5.2(b).

     “Applicable Margin”: for any day, with respect to (i) ABR Loans, 6.00% and (ii)
Eurodollar Loans, 7.00%.

     “Applicable Percentage”: as to any Lender at any time, the percentage which the sum
of such Lender’s Commitments then constitutes of the aggregate Commitments (or, at any time after
the Closing Date, the percentage which the aggregate principal amount of such Lender’s Loans then
outstanding constitutes of the aggregate principal amount of the Loans then outstanding).

     “Approved Fund”: as defined in Section 9.6(b).

     “Asset Sale”: any Disposition of Property or series of related Dispositions of
Property by the Borrower or any Subsidiary (excluding (i) any operating lease entered
into in the ordinary course of business, (ii) any such Disposition permitted by clause (a),
(b), (c) (except as it relates to Section 6.3(d)), (d), (g), (h), (i), (j), (k), (l), (m) and (n)
of Section 6.4) and (iii) any such Disposition which is a Recovery Event) which yields Net Cash
Proceeds to any Loan Party (valued at the then current principal amount thereof in the case of
non-cash proceeds consisting of notes or other debt securities and valued at fair market value in
the case of other non-cash proceeds) in excess of $5,000,000; provided, however, to
the extent that any Disposition of Property would have constituted an Asset Sale, but for the fact
that the fair market value of such Disposition was less than $5,000,000 (a “Below Threshold
Asset Sale”), then at such time as the

2

 

aggregate fair market value of all Below Threshold Asset
Sales occurring subsequent to the Closing Date equals $15,000,000, each additional Below Threshold
Asset Sale will be deemed to constitute an Asset Sale for all purposes hereunder.

     “Assignee”: as defined in Section 9.6(b).

     “Assignment and Assumption”: an Assignment and Assumption, substantially in the form
of Exhibit D.

     “Available Excess Amount”: the sum of (a) the aggregate cumulative amount, not less
than zero, of Excess Cash Flow for all fiscal years ending after the Closing Date that is not
required pursuant to the provisions of Section 2.12(c) of the First Lien Credit Agreement to be
applied to the prepayment of the term loans under the First Lien Credit Agreement and (b) the Net
Cash Proceeds received after the Closing Date from any Equity Issuance (other than Disqualified
Capital Stock or Specified Equity Contributions) which (in the case of any such Equity Issuance by
Holdings) have been contributed to the Borrower in cash in exchange for common or preferred equity
(which is not Disqualified Capital Stock) and, in each case, that has not been previously expended
pursuant to Section 6.6(n) (or if expended pursuant to Section 6.6(n), an amount equal to the
return on such Investment, not to exceed the original amount of such Investment).

     “Bank Product Agreements” means any agreements entered into from time to time by the
Company or any Subsidiary with any Lender or any Affiliate of a Lender in connection with Bank
Products.

     “Bank Product Obligations” means all obligations, liabilities, contingent
reimbursement obligations, fees and expenses owing by the Company or any Subsidiary to any Lender
or any Affiliate of a Lender pursuant to or evidenced by the Bank Product Agreements and
irrespective of whether for the payment of money, whether direct or indirect, absolute or
contingent, due or to become due, now existing or hereafter arising; provided that the
aggregate amount of such obligations shall not exceed $10,000,000 at any time.

     “Bank Products” means any of the following services or facilities extended to the
Company or any Subsidiary by any Lender or any Affiliate of a Lender:
(a) credit cards, (b) debit cards, (c) purchase cards, (d) ACH transactions or (e) cash
management, including controlled disbursements, accounts or services.

     “Benefitted Lender”: as defined in Section 9.7(a).

     “Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).

     “Borrower”: (a) at any time prior to the consummation of the Merger, the Initial
Borrower and (b) upon and at any time after the consummation of the Merger, the Surviving Borrower.

     “Borrower Intellectual Property”: as defined in Section 3.9

3

 

     “Borrowing Date”: any Business Day specified by the Borrower as a date on which the
Borrower requests the relevant Lenders to make Loans hereunder.

     “Business”: the business and any services, activities or businesses incidental or
directly related or similar to any business or line of business engaged in by the Company or its
Subsidiaries as of the Closing Date or any business or business activity that is a reasonable
extension, development or expansion thereof or ancillary thereto.

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

     “Capital Expenditures”: for any period, with respect to any Person, the aggregate of
all cash expenditures by such Person for the acquisition or leasing (pursuant to a capital lease
but excluding any amount representing capitalized interest) of fixed or capital assets or additions
to equipment (including replacements, capitalized repairs and improvements during such period)
which are required to be capitalized under GAAP on a balance sheet of such Person; provided
that in any event the term “Capital Expenditures” shall exclude: (i) expenditures for leasehold
improvements for which such Person is reimbursed or receives a credit and (ii) expenditures to the
extent they are made with the proceeds of any equity contributions (other than Specified Equity
Contributions and in respect of Disqualified Capital Stock) made to the Borrower after the Closing
Date.

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

     “Capital Stock”: any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation).

     “Cash Equivalents”: (a) direct obligations issued by, or unconditionally guaranteed
by, the United States government or issued by any agency thereof and backed by the full faith and
credit of the United States, in each case maturing within one year from the date of acquisition;
(b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits
having maturities of one year or less from the date of acquisition issued by any Lender or by any
commercial bank organized under the laws of the United States or any state thereof having combined
capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer rated at least
A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized rating
agency if both of the two named rating agencies cease publishing ratings of commercial paper
issuers generally, and maturing within one year from the date of acquisition; (d) repurchase
obligations of any Lender or of any commercial bank satisfying the

4

 

requirements of clause (b) of
this definition, having a term of not more than 30 days with respect to securities issued or fully
guaranteed or insured by the United States government; (e) securities with maturities of one year
or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or
territory of the United States (including any auction rate security resetting not more than one
year from the prior reset date), by any political subdivision or taxing authority of any such
state, commonwealth or territory or by any foreign government, the securities of which state,
commonwealth, territory, political subdivision, taxing authority or foreign government (as the case
may be) are rated at least A by S&P or A by Moody’s; (f) securities with maturities of one year or
less from the date of acquisition backed by standby letters of credit issued by any Lender or any
commercial bank satisfying the requirements of clause (b) of this definition; and (g) shares of
money market mutual or similar funds which invest exclusively in assets satisfying the requirements
of any of clauses (a) through (f) of this definition; or (h) money market funds that (i) purport to
comply generally with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of
1940, as amended, (ii) are rated AAA by S&P or Aaa by Moody’s or carrying an equivalent rating by a
nationally recognized rating agency, and (iii) have portfolio assets of at least $5,000,000,000.

     “Certificated Security”: as defined in the Guarantee and Collateral Agreement.

     “Chattel Paper”: as defined in the Guarantee and Collateral Agreement.

     “Closing Date”: the date on which the conditions precedent set forth in Section 4
shall have been satisfied and the Loans hereunder shall have been funded, which date is August 16,
2007.

     “Closing Date Material Adverse Effect”: a material adverse effect on (x) the
financial condition, properties, assets, liabilities, business or results of operations of the
Company and its Subsidiaries taken as a whole or (y) the ability of the Company to timely perform
its obligations under, and consummate the transactions contemplated by, the Acquisition Agreement;
provided, however, that a determination of whether there has been a Closing Date
Material Adverse Effect under clause (x) above shall not take into account any effect to the extent
resulting from:

     (A) changes after the date hereof in the economy or financial markets generally in the
United States or other countries in which the Company or any of its Subsidiaries conduct
operations or that are the result of acts of war or terrorism;

     (B) changes after the date hereof that are the result of factors generally affecting
any industry in which the Company or any of its Subsidiaries operate;

     (C) any loss or threatened loss of, or adverse change or threatened adverse change in,
the relationship of the Company or any of its Subsidiaries with its customers, employees,
financing sources or suppliers caused by the announcement or pendency thereafter of the
transactions contemplated by the Acquisition Agreement, including any litigation or other
proceeding arising therefrom, any change in the Company’s credit ratings (provided
that this credit rating exception shall not prevent or

5

 

otherwise affect a determination
that any change, effect, circumstance or development underlying such change in credit
ratings has resulted in, or contributed to, a Closing Date Material Adverse Effect);

     (D) any actions taken by the Company and its Subsidiaries in accordance with the terms
of the Acquisition Agreement to obtain approval under applicable antitrust or competition
laws for consummation of the Merger;

     (E) changes in any Laws or GAAP or official interpretation thereof after the date
hereof;

     (F) any failure by the Company to meet any estimates of revenues or earnings for any
period ending on or after the date of the Acquisition Agreement, provided that the
exception in this clause shall not prevent or otherwise affect a determination that any
change, effect, circumstance or development underlying such failure has resulted in, or
contributed to, a Closing Date Material Adverse Effect; and

     (G) after the date hereof a decline in the price or trading volume of the Company’s
common stock, provided that the exception in this clause shall not prevent or
otherwise affect a determination that any change, effect, circumstance or development
underlying such decline has resulted in, or contributed to, a Closing Date Material Adverse
Effect.

Unless, in the case of the foregoing clauses (A), (B) and (E), such changes have a materially
disproportionate effect on the Company and its Subsidiaries, taken as a whole, when compared to
other companies in the same industries in which the Company or its Subsidiaries operate.

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

     “Collateral”: as defined in the Guarantee and Collateral Agreement.

     “Collateral Agent”: LCPI, in its capacity as collateral agent for the Secured Parties
under the Second Lien Security Documents and any of its successors and permitted assigns.

     “Commitment”: as to any Lender, the obligation of such Lender to make a Loan to the
Borrower in a principal amount not to exceed the amount set forth under the heading “Commitment”
opposite such Lender’s name on the Lender Addendum delivered by such Lender, or, as the case may
be, in the Assignment and Assumption pursuant to which such Lender became a party hereto. The
original aggregate amount of the Commitments is $200,000,000.

     “Committed Reinvestment Amount”: as defined in the definition of “Reinvestment
Prepayment Amount”.

     “Commonly Controlled Entity”: an entity, whether or not incorporated, that is under
common control with Holdings within the meaning of Section 4001 of ERISA.

6

 

     “Commonly Controlled Plan”: as defined in Section 3.12(b).

     “Compliance Certificate”: a certificate duly executed by a Responsible Officer
substantially in the form of Exhibit B.

     “Confidential Information”: as defined in Section 9.14.

     “Confidential Information Memorandum”: the Confidential Information Memorandum dated
June 2007 and furnished to the Lenders.

     “Consolidated Current Assets”: at any date, all amounts (other than cash, Cash
Equivalents and Foreign Cash Equivalents) that would, in conformity with GAAP, be set forth
opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet
of Holdings, the Borrower and its Subsidiaries at such date.

     “Consolidated Current Liabilities”: at any date, all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like
caption) on a consolidated balance sheet of Holdings, the Borrower and its Subsidiaries at such
date, but excluding (a) the current portion of any Indebtedness of Holdings, the Borrower and its Subsidiaries and (b) without duplication, all Indebtedness
consisting of revolving loans or swingline loans made under the First Lien Credit Agreement, to the
extent otherwise included therein.

     “Consolidated EBITDA”: of any Person for any period, Consolidated Net Income of such
Person and its Subsidiaries for such period plus, without duplication and to the extent
reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of
(a) income tax (or any alternative tax in lieu thereof) expense (including state franchise and
similar taxes), (b) Consolidated Net Interest Expense of such Person and its Subsidiaries,
amortization or writeoff of debt discount and debt issuance costs and commissions, discounts and
other fees and charges associated with Indebtedness (including commitment and administrative fees
and charges with respect to the Loans made hereunder and the loans and other credit extensions
under the First Lien Credit Agreement), (c) depreciation and amortization expense, (d)
amortization, impairment of intangibles and other non-cash charges (including, but not limited to,
goodwill) and organization costs, (e) any extraordinary, unusual or non-recurring expenses or
losses, (f) stock-option or employee benefits based and other equity-based compensation expenses,
(g) transaction costs, fees and expenses incurred within 12 months of the Closing Date relating to
the Acquisition Transactions, the transactions contemplated hereby and by the First Lien Loan
Documents (including any amendments or waivers of the First Lien Loan Documents or the Second Lien
Loan Documents), and those payable in connection with the sale of Capital Stock, (h) all fees and
expenses paid pursuant to the Management Agreement, (i) proceeds from any business interruption
insurance (in the case of this clause (i) to the extent not reflected as revenue or income in such
statement of such Consolidated Net Income), (j) to the extent actually reimbursed in cash, expenses
incurred to the extent covered by indemnification provisions in any agreement in connection with
the Acquisition Transactions or a Permitted Acquisition, (k) any call premium (or original issue
discount) expenses or losses associated with the repurchase or repayment of Indebtedness, (l) the
amount of any restructuring charges or

7

 

reserves deducted in such period in computing Consolidated
Net Income and incurred within 12 months of the date on which the transaction relating to such
restructuring charges or reserves is consummated (which, for the avoidance of doubt, shall include
retention, severance, systems establishment cost, excess pension charges, contract termination
costs, future lease commitments, and costs to consolidate facilities and relocate employees), (m)
any non-cash charges, expenses or losses (including any impairment charges and the impact of
purchase accounting, including, but not limited to, the amortization of inventory step-up) reducing
Consolidated Net Income for such period (excluding any such charge that represents an accrual or
reserve for a cash expenditure for a future period), (n) all losses realized upon the Disposition
of properties or assets which are not sold or otherwise disposed of in the ordinary course of
business and (o) any loss from discontinued operations and any loss on disposal of discontinued
operations in accordance with GAAP or if otherwise reasonably acceptable to the Administrative
Agent, minus, to the extent included in the statement of such Consolidated Net Income for
such period, the sum of (a) any extraordinary, unusual or non-recurring income or gains (including,
whether or not otherwise includable as a separate item in the statement of such Consolidated Net Income for such period, gains on the sales of assets outside of the
ordinary course of business) and (b) any non-cash items increasing Consolidated Net Income for such
Person for such period (excluding any items which represent the reversal of any accrual of, or cash
reserve for, anticipated cash charges made in any prior period or which will result in the receipt
of cash in a future period), all as determined on a consolidated basis; provided that for
purposes of calculating Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries for any
period, (A) the Consolidated EBITDA of any Person acquired by Holdings, the Borrower or its
Subsidiaries during such period shall be included on a pro forma basis for such
period (but assuming the consummation of such acquisition and the incurrence or assumption of any
Indebtedness in connection therewith occurred on the first day of such period, and assuming any
synergies and cost savings to the extent certified by a Responsible Officer of Holdings as having
been determined in good faith to be reasonably anticipated to be realizable within 12 months
following such acquisition, provided that the aggregate amount of such synergies and cost
savings shall not for any period exceed 10% of the Borrower’s Consolidated EBITDA for the
applicable period, prior to giving pro forma effect to such synergies and cost savings) and (B) the
Consolidated EBITDA of any Person Disposed of by Holdings, the Borrower or its Subsidiaries during
such period shall be excluded for such period (assuming the consummation of such Disposition and
the repayment of any Indebtedness in connection therewith occurred on the first day of such
period). For purposes of determining compliance with the financial covenant set forth in Section
6.16 only (and not any other provision of this Agreement, including any such other provision that
utilizes a calculation of Consolidated EBITDA), (i) any cash common equity contribution or (ii) any
other equity contribution on terms reasonably acceptable to the Administrative Agent (that does not
constitute Disqualified Capital Stock), in each case made by Holdings or any of the other direct or
indirect equityholders of the Borrower to the Borrower, on or after the first day of any fiscal
quarter and prior to the day that is 10 Business Days after the day on which financial statements
are required to be delivered for such fiscal quarter (it being understood that each such
contribution shall be credited with respect to only one fiscal quarter; provided that such
credit shall be effective as to such fiscal quarter for all periods in which such fiscal quarter is
included) will, at the request of the Borrower, be deemed to increase, dollar for dollar,
Consolidated EBITDA for such fiscal quarter for the purposes of determining compliance

8

 

with such
financial covenant at the end of such fiscal quarter and applicable subsequent periods (any such
equity contribution so included in the calculation of Consolidated EBITDA, a “Specified Equity
Contribution”); provided that (a) in each four fiscal quarter period there shall be a
period of at least two fiscal quarters in which no Specified Equity Contribution is made, (b) the
amount of any Specified Equity Contribution shall be no greater than the amount required to cause
the Loan Parties to be in compliance with the financial covenant set forth in Section 6.16 and (c)
all Specified Equity Contributions shall be disregarded for purposes of determining any baskets or
other amounts with respect to any other covenants contained in this Agreement. For the purpose of
determining the Consolidated Total Leverage Ratio for the period of four consecutive quarters ended
September 30, 2007, December 31, 2007, March 31, 2008 and June 30, 2008, Consolidated EBITDA of
Holdings for (A) the fiscal quarters ended on September 30, 2006, December 31, 2006 and March 31, 2007 shall be deemed to be equal to $22,200,000, $27,000,000 and $27,000,000,
respectively, (B) the fiscal quarter ended on June 30, 2007 shall be deemed to be equal to
$37,700,000 until the financial statements required to be delivered pursuant to Section 5.1(a)(i)
are delivered, whereupon the Consolidated EBITDA of Holdings with respect to the fiscal quarter
ended June 30, 2007 shall be equal to the actual Consolidated EBITDA of the Company for such period
and (C) the fiscal quarter ended on September 30, 2007 shall be the sum of the Consolidated EBITDA
of the Company from the beginning of such period until the Closing Date plus the Consolidated
EBITDA of Holdings from the Closing Date until the end of such period.

     “Consolidated Net Income”: of any Person for any period, the consolidated net income
(or loss) of such Person and its Subsidiaries for such period, determined on a consolidated basis
in accordance with GAAP; provided that in calculating Consolidated Net Income of Holdings,
the Borrower and its consolidated Subsidiaries for any period, there shall be excluded (a) the
income (or deficit) of any Person accrued prior to the date it becomes a Subsidiary or is merged
into or consolidated with the Borrower or any of its Subsidiaries and (b) the income (or deficit)
of any Person (other than a Subsidiary) in which Holdings, the Borrower or any of its Subsidiaries
has an ownership interest, except to the extent that any such income is actually received by
Holdings, the Borrower or such Subsidiary in the form of dividends or similar distributions (which
dividends and distributions shall be included in the calculation of Consolidated Net Income).
Notwithstanding the foregoing, the initial and ongoing effect of any after-tax non-cash gains or
losses resulting from any amortization, write-up, write-down or write-off of assets or liabilities
(including intangible assets, goodwill, deferred revenue, deferred marketing and deferred financing
costs as a result of purchase accounting adjustments) in connection with the Acquisition
Transactions or any future Permitted Acquisition, Disposition, merger, consolidation or similar
transaction or any other non-cash impairment charges incurred subsequent to the Closing Date
resulting from the application at SFAS Nos. 141, 142 or 144 (excluding any non-cash item to the
extent that it represents an accrual of or reserve for cash expenditures in any future period
except to the extent such item is subsequently reversed) shall be excluded from Consolidated Net
Income.

     “Consolidated Net Interest Expense”: of any Person for any period, (a) total cash
interest expense (including that attributable to Capital Lease Obligations) of such Person and its
Subsidiaries for such period with respect to all outstanding Indebtedness of such Person and its
Subsidiaries, minus (b) the sum of (i) total cash interest income of such Person and its
Subsidiaries for such period (other than any interest income of such Person and its

9

 

Subsidiaries
accruing as a result of loans made in the ordinary course of business to customers in connection
with the business of MCM), in each case determined in accordance with GAAP plus (ii) any
one-time financing fees (to the extent included in such Person’s consolidated interest expense for
such period), including, with respect to Holdings, those paid in connection with the transactions
occurring on the Closing Date or in connection with any amendment hereof or of the First Lien
Credit Agreement. For purposes of the foregoing, interest expense of any Person shall be
determined after giving effect to any net payments made or received by such Person with respect to interest rate Hedge Agreements (other than early termination payments)
permitted hereunder.

     “Consolidated Total Debt”: at any date, (a) the aggregate principal amount of all
Funded Debt of Holdings, the Borrower and its Subsidiaries at such date, in each case determined on
a consolidated basis in accordance with GAAP minus (b) the amount in the Convertible Notes Escrow
Account (up to an amount equal to the amount of Convertible Notes which have not been repurchased
or converted into equity) on such date.

     “Consolidated Total Leverage Ratio”: as at the last day of any period of four
consecutive fiscal quarters of Holdings, the ratio of (a) Consolidated Total Debt on such day to
(b) Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries for such period.

     “Consolidated Working Capital”: at any date, the difference of (a) Consolidated
Current Assets on such date less (b) Consolidated Current Liabilities on such date.

     “Continuing Directors”: the directors of Holdings on the Closing Date and each other
director of Holdings, if, such other director’s nomination for election to the board of directors
of Holdings is recommended by at least 51% of the then Continuing Directors or such other director
receives the vote of the Sponsor and its Affiliates (excluding any portfolio companies of the
Sponsor) in his or her election by the shareholders of Holdings.

     “Contractual Obligation”: as to any Person, any provision of any security issued by
such Person or of any agreement, instrument or other undertaking to which such Person is a party or
by which it or any of its Property is bound.

     “Convertible Notes”: the Convertible 5.5% Senior Subordinated Notes due 2010 issued
pursuant to the Convertible Notes Indenture.

     “Convertible Notes Escrow Account”: as defined in Section 5.10.

     “Convertible Notes Indenture”: that certain Indenture dated as of September 30, 2003
between Memberworks Incorporated and Deutsche Bank Trust Company Americas, as Trustee, pursuant to
which the Convertible Notes were issued.

     “Default”: any of the events specified in Section 7, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

10

 

     “Disposition”: with respect to any Property, any sale, sale and leaseback,
assignment, conveyance, transfer or other effectively complete disposition thereof. The terms
“Dispose” and “Disposed of” shall have correlative meanings.

     “Disqualified Capital Stock”: Capital Stock that (a) requires the payment of any
dividends (other than dividends payable solely in shares of Qualified Capital Stock) prior to the
date that is 91 days after the latest final scheduled maturity date of the Loans, (b) matures or is
mandatorily redeemable or subject to mandatory repurchase or redemption or repurchase at the option
of the holders thereof, in each case in whole or in part and whether upon the occurrence of any
event, pursuant to a sinking fund obligation on a fixed date or otherwise (including as the result
of a failure to maintain or achieve any financial performance standards), prior to the date that is
91 days after the latest final scheduled maturity date of the Loans (other than (i) upon payment in
full of the Obligations (other than indemnification and other contingent obligations not yet due
and owing) or (ii) upon a “change in control”; provided that any payment required pursuant
to this clause (ii) is contractually subordinated in right of payment to the Obligations on terms
reasonably satisfactory to the Administrative Agent) or (c) are convertible or exchangeable,
automatically or at the option of any holder thereof, into any Indebtedness, Capital Stock or other
assets other than Qualified Capital Stock.

     “Dollars” and “$”: dollars in lawful currency of the United States.

     “Domestic Subsidiary”: any direct or indirect Subsidiary organized under the laws of
any jurisdiction within the United States other than any such Subsidiary directly owned by a
Foreign Subsidiary but only to the extent that such Subsidiary becoming a Subsidiary Guarantor
could result in adverse tax consequences.

     “Environmental Laws”: any and all applicable laws, rules, orders, regulations,
statutes, ordinances, codes or decrees (including, without limitation, common law) of any
Governmental Authority, regulating, relating to or imposing liability or standards of conduct
concerning protection of the environment, as have been, are now, or at any time hereafter are, in
effect.

     “Environmental Liability”: any claim, action, suit, judgment or order under or
relating to any Environmental Law for any damages, injunctive relief, losses, fines, penalties,
fees, expenses (including reasonable fees and expenses of attorneys and consultants) or costs,
whether contingent or otherwise, including those arising from or relating to: (a) compliance or
non-compliance with any Environmental Law, (b) the generation, use, handling, transportation,
storage, treatment or disposal of any Materials of Environmental Concern, (c) exposure to any
Materials of Environmental Concern, (d) the Release of any Materials of Environmental Concern or
(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed
or imposed with respect to any of the foregoing.

     “Equity Financing”: as defined in Section 4(c)(ii).

     “Equity Issuance”: any issuance by Holdings or the Borrower or any Subsidiary
Guarantor of its Capital Stock in a public or private offering.

11

 

     “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time.

     “Escrow Agreement”: the Security and Escrow Agreement dated as of the date hereof
among the Surviving Borrower, LaSalle Bank National Association, as escrow agent, and Lehman
Commercial Paper Inc. as Collateral Agent and as collateral agent under the First Lien Loan
Documents.

     “Eurocurrency Reserve Requirements”: for any day as applied to a Eurodollar Loan, the
aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve
requirements in effect on such day (including basic, supplemental, marginal and emergency reserves)
under any regulations of the Board or other Governmental Authority having jurisdiction with respect
thereto dealing with reserve requirements prescribed for eurocurrency funding (currently referred
to as “Eurocurrency Liabilities” in Regulation D of the Board) maintained by a member bank of the
Federal Reserve System.

     “Eurodollar Base Rate”: with respect to each day during each Interest Period, the
rate per annum determined on the basis of the rate for deposits in Dollars for a period equal to
such Interest Period commencing on the first day of such Interest Period appearing on Reuters Page
LIBOR01 as of 11:00 A.M., London time, two Business Days prior to the beginning of such Interest
Period. In the event that such rate does not appear on Reuters Page LIBOR01 (or otherwise on the
Reuters screen), the “Eurodollar Base Rate” for purposes of this definition shall be
determined by reference to such other comparable publicly available service for displaying
eurodollar rates as may be reasonably selected by the Administrative Agent.

     “Eurodollar Loan”: Loans the rate of interest applicable to which is based upon the
Eurodollar Rate.

     “Eurodollar Rate”: with respect to each day during each Interest Period pertaining to
a Eurodollar Loan, a rate per annum determined for such day in accordance with the following
formula (rounded upward to the nearest 1/100th of 1%):

Eurodollar Base Rate

1.00
- Eurocurrency Reserve Requirements

     “Event of Default”: any of the events specified in Section 7; provided that
any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

     “Excess Cash Flow”: for any fiscal year of Holdings,

     (a) the sum, without duplication, of

     (i) Consolidated Net Income for such fiscal year,

     (ii) the amount of all non-cash charges (including depreciation, amortization and
deferred tax expense) deducted in arriving at such Consolidated Net Income,

12

 

     (iii) the amount of the decrease, if any, in Consolidated Working Capital for such
fiscal year and

     (iv) the aggregate net amount of non-cash loss on the Disposition of Property by
Holdings, the Borrower and its Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent deducted in arriving at such
Consolidated Net Income,

     minus (b) the sum, without duplication (including, in the case of clauses (ii)
and (viii) below, duplication across periods; provided that all or any portion of
the amounts referred to in clauses (ii) and (viii) below with respect to a period may be
applied in the determination of Excess Cash Flow for any subsequent period to the extent
such amounts did not previously result in a reduction of Excess Cash Flow in any prior
period), of

     (i) the amount of all non-cash gains or credits included in arriving at such
Consolidated Net Income (including, without limitation, credits included in the calculation
of deferred tax assets and liabilities),

     (ii) the aggregate amount actually paid by Holdings, the Borrower and its Subsidiaries
in cash during such fiscal year on account of Capital Expenditures and Permitted
Acquisitions (other than to the extent any such Capital Expenditure or Permitted
Acquisition is made with the proceeds of an Equity Issuance, new long-term indebtedness for
borrowed money or with the proceeds of any Reinvestment Deferred Amount),

     (iii) the aggregate amount of all non-optional payments of Indebtedness (including,
without limitation, the Loans and the Term Loans (as defined in the First Lien Credit
Agreement)) of Holdings, the Borrower and its Subsidiaries made during such fiscal year
(other than in respect of any revolving credit facility to the extent there is not an
equivalent permanent reduction in commitments thereunder),

     (iv) the amount of the increase, if any, in Consolidated Working Capital for such
fiscal year,

     (v) the aggregate net amount of non-cash gain on the Disposition of Property by
Holdings, the Borrower and its Subsidiaries during such fiscal year (other than sales of
inventory in the ordinary course of business), to the extent included in arriving at such
Consolidated Net Income,

     (vi) transaction costs, fees and expenses incurred in connection with the Acquisition
Transactions, the First Lien Loan Documents or the Second Lien Loan Documents (including
amendments or waivers of the foregoing) and the other transactions contemplated hereby to
occur as of the Closing Date, the sale of Capital Stock, the incurrence of Indebtedness
permitted under Section 6.1, any Disposition of

13

 

Property permitted under Section 6.4 or any
recapitalization or any Permitted Acquisition or other Investment permitted under Section
6.6,

     (vii) the amount of payments made as permitted under Section 6.8(i) during such fiscal
year,

     (viii) payments made under the Management Agreement, and

     (ix) an amount equal to reasonable cash expenditures made in connection with any
termination or make-whole payment in connection with any termination of, and upfront fees
and expenses in connection with obtaining, any Hedge Agreements.

     “Excess Specified Asset Sale Proceeds”: with respect to any Specified Asset Sale, the
Net Cash Proceeds thereof that would be available to the Borrower or any Subsidiary immediately
following such Specified Asset Sale in excess of the amount required to be applied to prepay the
Loans pursuant to Section 2.6(b)(ii)(x).

     “Existing Credit Facility”: the Second Amended and Restated Credit Agreement, dated
as of March 17, 2006, among the Company, the lenders party thereto and LaSalle Bank National
Association, as agent for the lenders, as amended.

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

     “First Lien Credit Agreement”: the First Lien Credit Agreement dated as of the date
hereof and as amended, supplemented or otherwise modified from time to time in accordance with
Section 10.1 thereof, among Holdings, the Initial Borrower, the Surviving Borrower, the First Lien
Lenders, JPMorgan Chase Bank, N.A., as syndication agent, Lehman Commercial Paper Inc., as
administrative agent and collateral agent, and Lehman Brothers Inc. and J.P. Morgan Securities
Inc., as joint lead arrangers and joint bookrunners, including any replacement thereof entered into
in connection with one or more refinancings thereof permitted hereunder.

     “First Lien Lenders”: the Persons referred as “Lenders” in the First Lien Credit
Agreement.

     “First Lien Loan Documents”: the “First Lien Loan Documents” referred to in the First
Lien Credit Agreement.

     “First Lien Loans”: the loans made by the First Lien Lenders pursuant to the First
Lien Credit Agreement.

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     “First Lien Obligations”: the “Obligations” referred to in the First Lien Credit
Agreement.

     “First Lien Security Documents”: the “First Lien Security Documents” referred to in
the First Lien Credit Agreement.

     “Foreign Cash Equivalents”: (a) certificates of deposit or bankers acceptances of, and
bank deposits with, any bank organized under the laws of any country that is a member of the
European Economic Community or Canada or any subdivision thereof, whose short-term commercial paper
rating from S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the
equivalent thereof, in each case with maturities of not more than six months from the date of
acquisition, (b) commercial paper maturing not more than one year from the date of creation thereof
and, at the time of acquisition, having the highest rating obtainable from either S&P’s or Moody’s
and (c) shares of any money market mutual fund that has its assets invested continuously in the
types of investments referred to in clauses (a) and (b) above.

     “Foreign Subsidiary”: any Subsidiary that is not a Domestic Subsidiary.

     “Funded Debt”: with respect to any Person, all Indebtedness of such Person of the
types described in clauses (a) through (e) and (g) of the definition of “Indebtedness”.

     “Funding Office”: the office specified from time to time by the Administrative Agent
as its funding office by notice to the Borrower and the Lenders.

     “GAAP”: generally accepted accounting principles in the United States as in effect
from time to time.

     “Governmental Authority”: any nation or government, any state, province or other
political subdivision thereof and any governmental entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government and, as to any
Lender, any securities exchange and any self regulatory organization (including the National
Association of Insurance Commissioners).

     “Guarantee and Collateral Agreement”: the Second Lien Guarantee and Collateral
Agreement to be executed and delivered by Holdings, the Initial Borrower, the Surviving Borrower
and each Subsidiary Guarantor, substantially in the form of Exhibit A, as the same may be amended,
supplemented or otherwise modified from time to time.

     “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation of the guaranteeing person guaranteeing or by which such Person becomes contingently
liable for any Indebtedness, net worth, working capital earnings, leases, dividends or other
distributions upon the stock or equity interests (the “primary obligations”) of any other
third Person (the “primary obligor”) in any manner, whether directly or indirectly,
including, without limitation, any obligation of the guaranteeing person, whether or not
contingent, (i) to purchase any such primary obligation or any Property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise

15

 

to maintain the net worth or solvency of the primary obligor, (iii) to purchase Property,
securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary obligation or (iv)
otherwise to assure or hold harmless the owner of any such primary obligation against loss in
respect thereof; provided, however, that the term Guarantee Obligation shall not
include endorsements of instruments for deposit or collection in the ordinary course of business
and reasonable indemnity obligations in effect on the Closing Date or entered into in connection
with any acquisition or disposition of assets or any Investment permitted under this Agreement.
The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be such
guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by
the Borrower in good faith.

          “Guarantors”: the collective reference to Holdings and the Subsidiary Guarantors.

          “Hedge Agreements”: all interest rate swaps, caps, collar agreements, foreign
exchange agreements, commodity contracts, currency swaps or similar arrangements entered into by
Holdings, the Borrower or its Subsidiaries providing for protection against fluctuations in
interest rates or currency exchange rates or the exchange of nominal interest obligations or the
price of commodities, raw materials, utilities and energy, either generally or under specific
contingencies, as each may be amended, supplemented, replaced or otherwise modified from time to
time in accordance with this Agreement.

          “Holdings”: Velo Holdings Inc., a Delaware corporation.

          “Immaterial Subsidiary”: on any date, any Subsidiary of the Borrower that (i) had
less than 3.5% of consolidated assets and 3.5% of annual consolidated revenues of Holdings, the
Borrower and its Subsidiaries, collectively, as reflected on the most recent financial statements
delivered pursuant to Section 5.1 prior to such date and (ii) has been designated as such by the
Borrower in a written notice delivered to the Administrative Agent (other than any such Subsidiary
as to which the Borrower has revoked such designation by written notice to the Administrative
Agent); provided that at no time shall all Immaterial Subsidiaries so designated by the
Borrower have in the aggregate consolidated assets or annual consolidated revenues (as reflected on
the most recent financial statements delivered pursuant to Section 5.1 prior to such time) in
excess of 10% of consolidated assets or annual consolidated revenues, respectively, of Holdings,
the Borrower and its Subsidiaries, collectively.

          “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of Property or services (other than (i) trade payables, accrued expenses, current accounts
and similar obligations incurred in the ordinary course of such
Person’s business and (ii) earn-outs and other contingent payments in respect of acquisitions
except to the extent that the liability on account of any such earn-out or contingent payment
becomes a fixed obligation), (c) all obligations of such Person evidenced by notes, bonds,
debentures or other similar instruments, (d) all indebtedness created or arising under any
conditional sale or other title retention agreement with respect to Property acquired by such
Person (even though the

16

 

rights and remedies of the seller or lender under such agreement in the
event of default are limited to repossession or sale of such Property, in which case only the
lesser of the amount of such obligation and the fair market value of such Property shall constitute
Indebtedness), (e) all Capital Lease Obligations of such Person, (f) all obligations of such
Person, contingent or otherwise, as an account party or applicant under acceptance, letter of
credit or similar facilities, (g) all obligations of such Person in respect of Disqualified Capital
Stock, except for agreements with directors, officers and employees to acquire such Capital Stock
upon the death or termination of employment of such director, officer or employee and (h) all
Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses
(a) through (g) above. Notwithstanding the foregoing, the term “Indebtedness” shall not include
Non-Recourse Debt.

          “Initial Borrower”: as defined in the preamble of this Agreement.

          “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

          “Insolvent”: pertaining to a condition of Insolvency.

          “Instrument”: as defined in the Guarantee and Collateral Agreement.

          “Intellectual Property”: the collective reference to all rights, priorities and
privileges relating to intellectual property, whether arising under United States, multinational or
foreign laws or otherwise, including, without limitation, copyrights, domain names, patents,
trademarks, trade names, technology, know-how and processes, including the right to receive all
proceeds and damages therefrom.

          “Intercreditor Agreement”: an Intercreditor Agreement substantially in the form of
Exhibit I among Holdings, the Initial Borrower, the Surviving Borrower, the Collateral Agent and
LCPI as collateral agent under the First Lien Loan Documents.

          “Interest Payment Date”: (a) as to any ABR Loan, the Business Day following the last
day of each March, June, September and December to occur while such Loan is outstanding and the
final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three
months or less, the last day of such Interest Period, (c) as to any Eurodollar Loan having an
Interest Period longer than three months, each day that is three months, or a whole multiple
thereof, after the first day of such Interest Period and the last day of such Interest Period and
(d) as to any Loan, the date of any repayment or prepayment made in respect thereof.

          “Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on
the borrowing or conversion date, as the case may be, with respect to
such Eurodollar Loan and ending one, two, three or six or (if available to all Lenders) nine
or twelve months thereafter, as selected by the Borrower in its notice of borrowing or notice of
conversion, as the case may be, given with respect thereto; and (b) thereafter, each period
commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan
and ending one, two, three or

17

 

six or (with the consent of each affected Lender) nine or twelve
months thereafter, as selected by the Borrower by irrevocable notice to the Administrative Agent
not later than 1:00 P.M., New York City time, on the date that is three Business Days prior to the
last day of the then current Interest Period with respect thereto; provided that all of the
foregoing provisions relating to Interest Periods are subject to the following:

     (i) if any Interest Period would otherwise end on a day that is not a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless the
result of such extension would be to carry such Interest Period into another calendar month
in which event such Interest Period shall end on the immediately preceding Business Day;

     (ii) any Interest Period that would otherwise extend beyond the Maturity Date shall
end on the Maturity Date; and

     (iii) any Interest Period that begins on the last Business Day of a calendar month (or
on a day for which there is no numerically corresponding day in the calendar month at the
end of such Interest Period) shall end on the last Business Day of a calendar month.

          “Investments”: as defined in Section 6.6.

          “IPO”: the initial offering by Holdings (or a replacement entity for Holdings) of its
Capital Stock to the public by means of an offering registered with the SEC or any comparable
foreign Governmental Authority.

          “Joint Lead Arrangers”: the collective reference to Lehman Brothers Inc. and J.P.
Morgan Securities Inc.

          “Laws”: collectively, federal, state, local or foreign law, statute or ordinance,
common law, or any rule, regulation, judgment, order, writ, injunction, decree, arbitration award,
agency requirement, license or permit of any Governmental Authority.

          “LCPI”: Lehman Commercial Paper Inc.

          “Lender Addendum”: with respect to any initial Lender, a Lender Addendum,
substantially in the form of Exhibit G, to be executed and delivered by such Lender on the Closing
Date as provided in Section 9.20.

          “Lenders”: as defined in the preamble hereto.

          “Lien”: any mortgage, pledge, hypothecation, collateral assignment, encumbrance, lien
(statutory or other), charge or other security interest or any other
security agreement of any kind or nature whatsoever (including any conditional sale or other
title retention agreement and any capital lease having substantially the same economic effect as
any of the foregoing).

18

 

          “Loan”: any loan made by any Lender pursuant to this Agreement.

          “Loan Parties”: Holdings, the Borrower and each Subsidiary Guarantor.

          “Management Agreement”: the Management Agreement, by and among one or more of the
Permitted Investors or an Affiliate thereof and Holdings as in effect on the Closing Date and as
modified from time to time in a manner not materially adverse to the Lenders or otherwise with the
consent of the Administrative Agent.

          “Material Adverse Effect”: a material adverse effect on (a) the business, operations
property or financial condition of Holdings, the Borrower and its Subsidiaries, taken as a whole,
or (b) the validity or enforceability of the Second Lien Loan Documents or the material rights and
remedies of the Administrative Agent and the Lenders thereunder, in each case, taken as a whole.

          “Material Subsidiary”: any Subsidiary that is not an Immaterial Subsidiary.

          “Materials of Environmental Concern: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products, polychlorinated biphenyls, urea-formaldehyde
insulation, asbestos, pollutants, contaminants, radioactivity and any other substances that are
defined as hazardous or toxic under any Environmental Law, that are regulated pursuant to any
Environmental Law.

          “Maturity Date”: August 14, 2015.

          “Merger”: as defined in the Acquisition Agreement.

          “Moody’s”: Moody’s Investors Service, Inc. or any successor to the rating agency
business thereof.

          “Mortgage”: any mortgage, deed of trust, hypothec or other similar document made by
any Loan Party in favor of, or for the benefit of, the Collateral Agent for the benefit of the
Secured Parties, in form and substance reasonably satisfactory to the Administrative Agent and the
Borrower (taking into account the law of the jurisdiction in which such mortgage, deed of trust,
hypothec or similar document is to be recorded), as the same may be amended, supplemented or
otherwise modified from time to time.

          “Multiemployer Plan”: a Plan that is a multiemployer plan as defined in Section
4001(a)(3) of ERISA.

          “MCM”: My Choice Medical Holdings, Inc.

          “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the
proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by
way of deferred payment of principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise, but only as and when received) of such Asset Sale or Recovery
Event received by any Loan Party, net of attorneys’ fees,

19

 

accountants’ fees, investment banking
fees, consulting fees, amounts (including premiums or
penalties, if any) required to be applied to the repayment of Indebtedness secured by a Lien
expressly permitted hereunder on any asset which is the subject of such Asset Sale or Recovery
Event (other than any Lien pursuant to a Second Lien Security Document or the First Lien Loan
Documents) and other reasonable fees and expenses (including legal fees and expenses) actually
incurred by any Loan Party in connection therewith and net of taxes paid or reasonably estimated to
be payable by any Loan Party as a result thereof (after taking into account any available tax
credits or deductions and any tax sharing arrangements) and any escrow or reserve for any
indemnification payments (fixed or contingent) attributable to seller’s indemnities and
representations and warranties to purchaser in respect of the applicable Asset Sale undertaken by
the Borrower or any of its Subsidiaries in connection with such Asset Sale (provided that upon
release of any such escrow or reserve, the amount released shall be considered Net Cash Proceeds)
and (b) in connection with any Equity Issuance or other issuance or sale of debt securities or
instruments or the incurrence of Funded Debt, the cash proceeds received from such issuance or
incurrence, net of attorneys’ fees, investment banking fees, accountants’ fees, consulting fees,
underwriting discounts and commissions and other reasonable fees and expenses (including legal fees
and expenses) actually incurred in connection therewith.

          “Non-Excluded Taxes”: as defined in Section 2.14(a).

          “Non-Guarantor Subsidiary”: any Subsidiary of the Borrower which is not a Subsidiary
Guarantor.

          “Non-Recourse Debt”: Indebtedness (a) no default with respect to which would permit
(upon notice, lapse of time or both) any holder of any other Indebtedness of Holdings, the Borrower
or any of the Subsidiaries to declare a default on such other Indebtedness or cause the payment
thereof to be accelerated or payable prior to its stated maturity, and (b) as to which the lenders
or holders thereof have not been notified in writing that they will have any recourse to the
capital stock or assets of Holdings, the Borrower or any of the Subsidiaries.

          “Non-U.S. Lender”: as defined in Section 2.14(a).

          “Note”: any promissory note evidencing any Loan.

          “Obligations”: the unpaid principal of and interest on (including, without
limitation, interest accruing after the maturity of the Loans and interest accruing after the
filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition
interest is allowed in such proceeding) the Loans and all other obligations and liabilities of the
Borrower to the Administrative Agent, to the Collateral Agent or to any Lender, whether direct or
indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred,
which may arise under, out of, or in connection with, this Agreement, any other Second Lien Loan
Document, whether on account of principal, interest, reimbursement obligations, fees, indemnities,
costs, expenses (including, without limitation, all reasonable and documented fees, charges and
disbursements of counsel to the Administrative Agent, the Collateral Agent or any Lender that are
required to be paid by the Borrower pursuant hereto) or otherwise.

20

 

          “Other Taxes”: any and all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies assessed by any federal, state, local or
foreign governmental authority having the power to impose such tax arising from any payment made
hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this
Agreement or any other Second Lien Loan Document.

          “Participant”: as defined in Section 9.6(c).

          “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA (or any successor).

          “Permitted Acquisition”: any acquisition of a majority controlling interest in the
Capital Stock, or all or substantially all of the assets, of any Person, or of all or substantially
all of the assets constituting a division, product line or business line of any Person (each, an
“Acquisition”), if such Acquisition complies with the following criteria:

     (a) no Default or Event of Default shall be in effect immediately prior or after giving
effect to such Acquisition;

     (b) after giving effect to the consummation of such Acquisition and to the incurrence
of any Indebtedness associated therewith, (i) Holdings shall be in compliance with Section
6.16 and (ii) if such Acquisition is not a Small Acquisition, the Consolidated Total
Leverage Ratio for the most recently ended period of four consecutive fiscal quarters of
Holdings shall not exceed 5.25:1.00 (in each case, calculated as of the last day of the
fiscal quarter immediately preceding the fiscal quarter in which such acquisition is
consummated, giving pro forma effect to such Acquisition and the issuance or
payment of any related Indebtedness);

     (c) prior to the consummation of such Acquisition (i) the Administrative Agent shall
have received, if available, the then current financial projections in respect of the
Person, division, product line or line of business acquired in such Acquisition for the
one-year period following the consummation of such acquisition, (ii) the Administrative
Agent shall have received the then current drafts (which shall be consistent with the final
drafts in all material respects) of the documentation to be executed in connection with such
Acquisition (with final copies of such documentation to be delivered to the Administrative
Agent promptly upon becoming available), including all schedules and exhibits thereto and
(iii) the Administrative Agent shall have received notice of the closing date for such
Acquisition; and

     (d) such Person shall have become a Subsidiary and, if such Person shall be a
wholly-owned Domestic Subsidiary (and not an Immaterial Subsidiary after giving pro
forma effect to such Acquisition), a Guarantor and the provisions of Section 5.8
shall have been complied with to the reasonable satisfaction of the Administrative Agent.

21

 

For purposes of the foregoing, the term “Small Acquisition” means, collectively, one or
more Acquisitions by the Borrower and/or any of its Subsidiaries in connection with which the
acquired assets shall have an aggregate fair value of not more than $25,000,000.

          “Permitted Investors”: the collective reference to the Sponsor and its Affiliates
(but excluding, any portfolio companies of the foregoing).

          “Permitted Indebtedness”: unsecured subordinated Indebtedness issued or incurred by
the Borrower or any Subsidiary Guarantor, (i) the terms of which, (1) do not provide for any
scheduled repayment, mandatory redemption or sinking fund obligation prior to the date that is 91
days after the Maturity Date (or such later date that is the latest final maturity date of any
incremental extension of credit), (2) provide for covenants and events of default customary for
Indebtedness of a similar nature as such Permitted Indebtedness and (3) provide for subordination
of payments of principal and interest in respect of such Indebtedness to the Obligations and
guarantees thereof under the Second Lien Loan Documents customary for high yield securities and
(ii) in respect of which no Subsidiary that is not an obligor under the Second Lien Loan Documents
is an obligor; provided that immediately prior to and immediately after giving effect on a
pro forma basis to any incurrence of Permitted Indebtedness, no Event of Default
shall have occurred and be continuing or would result therefrom.

          “Person”: an individual, partnership, corporation, limited liability company,
business trust, joint stock company, trust, unincorporated association, joint venture, Governmental
Authority or other entity of whatever nature.

          “Plan”: at a relevant time, any employee benefit plan as defined in Section 3(3) of
ERISA and in respect of which Holdings, the Borrower or any of its Subsidiaries is (or, if such
plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer”
as defined in Section 3(5) of ERISA.

          “Pledged Securities”: as defined in the Guarantee and Collateral Agreement.

          “Pledged Stock”: as defined in the Guarantee and Collateral Agreement.

          “Prime Rate”: as defined in the definition of “ABR”.

          “Property”: any right or interest in or to property of any kind whatsoever, whether
real, personal or mixed and whether tangible or intangible, including, without limitation, Capital
Stock.

          “Qualified Capital Stock”: any Capital Stock that is not Disqualified Capital Stock.

          “Recovery Event”: any settlement of or payment in respect of any property insurance
claim or casualty insurance claim or any condemnation proceeding relating to any asset of the
Borrower or any Subsidiary Guarantor, in an amount for each such event exceeding $5,000,000.

22

 

          “Refinancing”: the repayment of principal and interest of, the payment of any
required premium in respect of and the payment of all other amounts in connection with (i) the
termination of the commitments in respect of the Existing Credit Agreement, (ii) the redemption of
the 91/4% Senior Notes pursuant to the terms of the 91/4% Senior Notes Indenture and (iii) the
repurchase (whether upon conversion or otherwise) of the Convertible Notes.

          “Register”: as defined in Section 9.6(b)(iv).

          “Regulation U”: Regulation U of the Board as in effect from time to time.

          “Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the aggregate
Net Cash Proceeds received by the Borrower or any Subsidiary Guarantor for its own account in
connection therewith that are not applied to prepay the Loans pursuant to Section 2.6 as a result
of the delivery of a Reinvestment Notice.

          “Reinvestment Event”: any Asset Sale or Recovery Event in respect of which a Loan
Party has delivered a Reinvestment Notice.

          “Reinvestment Notice”: a written notice signed on behalf of the Borrower or any
Subsidiary Guarantor by a Responsible Officer stating that the Borrower or such Subsidiary
Guarantor (directly or indirectly through a Subsidiary) intends and expects to use all or a
specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire assets
useful in its (or such Subsidiary’s) business.

          “Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less any amount committed to be expended
prior to the relevant Reinvestment Prepayment Date (a “Committed Reinvestment Amount”), or
actually expended prior to such date, in each case to acquire assets useful in the business.

          “Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier
of (i) the date occurring 12 months after such Reinvestment Event and (ii) with respect to any
portion of a Reinvestment Deferred Amount, the date on which the Borrower or Subsidiary Guarantor
shall have determined not to acquire assets useful in its or such Subsidiary’s business with such
portion of such Reinvestment Deferred Amount.

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

          “Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in reorganization within the meaning of Section 4241 of ERISA.

          “Reportable Event”: any of the events set forth in Section 4043(c) of ERISA, other
than those events as to which the thirty day notice period is waived by the PBGC in accordance with
the regulations thereunder.

          “Representatives”: as defined in Section 9.14.

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          “Required Lenders”: at any time, the holders of more than 50% of (a) until the
Closing Date, the Commitments then in effect and (b) thereafter, the aggregate unpaid principal
amount of the Loans then outstanding.

          “Requirement of Law”: as to any Person, the certificate of incorporation and by-laws
or other organizational or governing documents of such Person, and any law, treaty, rule or
regulation or determination of a court or other Governmental Authority, in each case
applicable to or binding upon such Person or any of its property or to which such Person or any of
its property is subject.

          “Responsible Officer”: the chief executive officer, president, chief financial
officer (or similar title), chief operating officer, controller or treasurer (or similar title) of
Holdings or the Borrower, as applicable, or (with respect to Section 5.7) any Subsidiary and, with
respect to financial matters, the chief financial officer (or similar title) or treasurer (or
similar title) of Holdings or the Borrower, as applicable.

          “Restricted Payments”: as defined in Section 6.5.

          “S&P”: Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies,
Inc., or any successor to the rating agency business thereof.

          “SEC”: the Securities and Exchange Commission (or successors thereto or an analogous
Governmental Authority).

          “Second Lien Loan Documents”: the collective reference to this Agreement, the
Intercreditor Agreement, the Second Lien Security Documents and any amendment, waiver, supplement
or other modification to any of the foregoing.

          “Second Lien Security Documents”: the collective reference to the Second Lien
Guarantee and Collateral Agreement, the Escrow Agreement, the Account Control Agreement and all
other security documents (including any Mortgages) hereafter delivered to the Administrative Agent
or the Collateral Agent purporting to grant a Lien on any Property of any Loan Party to secure the
Obligations.

          “Secured Parties”: collectively, the Lenders, the Administrative Agent, the
Collateral Agent, and, in each case, their respective successors and permitted assigns.

          “Single Employer Plan”: any Plan that is covered by Title IV of ERISA, but which is
not a Multiemployer Plan.

          “Solvent”: 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
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

24

 

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”, (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 and (iii) except as otherwise
provided by applicable law, the amount of “contingent liabilities” at any time shall be the amount
thereof which, in light of all the facts and circumstances existing at such time, can reasonably be
expected to become actual or matured liabilities.

          “Specified Asset”: either Specified Business, as applicable.

          “Specified Asset Sale”: the Disposition by the Borrower or any of its Subsidiaries
within 12 months of the Closing Date of either Specified Business.

          “Specified Asset Sale Multiple”: with respect to a Specified Asset Sale, the ratio of
(a) the Net Cash Proceeds received by the Borrower or any Subsidiary in connection with such
Specified Asset Sale to (b) Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries for
the most recently ended period of four consecutive fiscal quarters of Holdings directly
attributable to the Specified Assets.

          “Specified Business”: two businesses that shall have been identified to the
Administrative Agent in writing prior to the Closing Date.

          “Specified Equity Contribution”: as defined in the definition of Consolidated EBITDA.

          “Specified Representations”: (a) the representations made by the Company in the
Acquisition Agreement, but only to the extent that Holdings has the right to terminate its
obligations under the Acquisition Agreement in the event that any such representations are not true
and (b) the representations and warranties set forth in Sections 3.2(a), 3.3, 3.4, 3.11, 3.13 and
3.17.

          “Sponsor”: One Equity Partners II, L.P., Rho Capital Partners, Inc., Brencourt Credit
Opportunities Master, Ltd and Brencourt BD, LLC and any Affiliates thereof (but excluding any
portfolio companies of the foregoing).

          “Subsidiary”: as to any Person, a corporation, partnership, limited liability company
or other entity of which shares of stock or other ownership interests having ordinary voting power
(other than stock or such other ownership interests having such power only by reason of the
happening of a contingency) to elect a majority of the board of directors or other managers of such
corporation, partnership or other entity are at the time owned, or the management of which is
otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such
Person. Unless otherwise qualified, all references to a

25

 

“Subsidiary” or to “Subsidiaries” in this
Agreement shall refer to a direct or indirect Subsidiary or Subsidiaries of the Borrower;
provided, that in determining the percentage of ownership interests of any Person
controlled by another Person, no ownership interest in the nature of a director’s “qualifying
share” of the former Person shall be deemed to be outstanding.

          “Subsidiary Guarantors”: each wholly owned Domestic Subsidiary (other than any
Immaterial Subsidiary).

          “Surviving Borrower”: as defined in the preamble of this Agreement.

          “Syndication Agent”: as defined in the preamble hereto.

          “Transactions”: collectively, (a) the consummation of the Acquisition Transactions
and the Refinancing; (b) the execution and delivery of the First Lien Loan Documents and the Second
Lien Loans Documents and the incurrence of the obligations thereunder; (c) the Equity Financing;
and (d) the payment of all fees and expenses to be paid on or prior to the Closing Date and owing
in connection with the foregoing.

          “Transferee”: any Assignee or Participant.

          “Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

          “United States”: the United States of America.

          “Vehicles”: all cars, trucks, trailers, construction and earth moving equipment and
other vehicles covered by a certificate of title law of any state or province.

          1.2 Other Definitional Provisions. (a) Unless otherwise specified therein, all
terms defined in this Agreement shall have the defined meanings when used in the other Second Lien
Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto.

               (b) As used herein and in the other Second Lien Loan Documents, and any certificate or other
document made or delivered pursuant hereto or thereto, (i) accounting terms relating to Holdings,
the Borrower and its Subsidiaries not defined in Section 1.1 and accounting terms partly defined in
Section 1.1, to the extent not defined, shall have the respective meanings given to them under
GAAP, (ii) the words “include”, “includes” and “including” shall be deemed to be followed by the
phrase “without limitation”, and (iii) references to agreements or other Contractual Obligations
shall, unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations
as amended, supplemented, restated or otherwise modified from time to time.

               (c) The words “hereof”, “herein” and “hereunder” and words of similar import, when used in
this Agreement, shall refer to this Agreement as a whole and not to any particular provision of
this Agreement, and Annex, Section, Schedule and Exhibit references are to this Agreement unless
otherwise specified.

26

 

               (d) The term “license” shall include sub-license.

               (e) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

SECTION 2. AMOUNT AND TERMS OF COMMITMENTS

          2.1 Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make a term
loan (a “Loan”) in Dollars to the Initial Borrower on the Closing Date in an amount not to
exceed the amount of the Commitment of such Lender. The Loans may from time to time be Eurodollar
Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in
accordance with Sections 2.2 and 2.7.

          2.2 Procedure for Borrowing. The Initial Borrower shall give the Administrative Agent irrevocable notice (which notice
must be received by the Administrative Agent prior to 5:00 P.M., New York City time, one Business
Day prior to the anticipated Closing Date) requesting that the Lenders make the Loans on the
Closing Date and specifying the amount to be borrowed. Subject to satisfaction (or waiver) of the
conditions precedent specified in Section 4, not later than 9 A.M., New York City time, on the
Closing Date, the Administrative Agent shall credit the account(s) designated in writing by the
Initial Borrower to the Administrative Agent with the aggregate amount of the Loans requested by
the Borrower in immediately available funds. The Loans made on the Closing Date shall initially be
ABR Loans unless the initial Lenders and the Administrative Agent otherwise agree. Upon receipt of
such borrowing notice the Administrative Agent shall promptly notify each Lender thereof. Not
later than 3:00 P.M., New York City time, on the Closing Date each Lender shall make available to
the Administrative Agent at the Funding Office an amount in immediately available funds equal to
the Loan or Loans to be made by such Lender.

          2.3 [Reserved].

          2.4 Repayment of Loans. (a) The Loan of each Lender shall be payable in full on the Maturity Date. The Borrower
hereby unconditionally promises to pay to the Administrative Agent for the account of the each
Lender, (i) the then unpaid principal amount of each Loan of such Lender made to the Borrower
outstanding on the Maturity Date (or on such earlier date on which the Loans become due and payable
pursuant to Section 7). The Borrower hereby further agrees to pay interest on the unpaid principal
amount of the Loans made to the Borrower from time to time outstanding from the date hereof until
payment in full thereof at the rates per annum, and on the dates, set forth in Section 2.9.

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

27

 

          (c) The Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant
to Section 9.6(b)(iv), and a subaccount therein for each Lender, in which shall be recorded (i) the
amount of each Loan made hereunder and any Note evidencing such Loan, the Type of such Loan and
each Interest Period applicable thereto, (ii) the amount of any principal, interest and fees, as
applicable, due and payable or to become due and payable from the Borrower to each Lender hereunder
and (iii) the amount of any sum received by the Administrative Agent hereunder from the Borrower
and each Lender’s share thereof.

          (d) The entries made in the Register and the accounts of each Lender maintained pursuant to
Section 2.4(c) shall, to the extent permitted by applicable law, be prima facie evidence of the
existence and amounts of the obligations of the Borrower therein recorded (absent manifest error);
provided, however, that the failure of the Administrative Agent or any Lender to
maintain the Register or any such account, or any error therein, shall not in any manner affect the
obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower by
such Lender in accordance with the terms of this Agreement.

          (e) Any Lender may request that the Loans made by it be evidenced by a promissory note. In
such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note
payable to the order of such Lender (or, if requested by such Lender, to such Lender and its
registered assigns) and in the form attached hereto as Exhibit J. Thereafter, the Loans evidenced
by such promissory note and interest thereon shall at all times (including after assignment
pursuant to Section 9.6) be represented by one or more promissory notes in such form payable to the
order of the payee named therein (or, if such promissory note is a registered not, to such payee
and its registered assigns).

          2.5 Optional Prepayments. (a) The Borrower may at any time and from time to time after the first anniversary of the
Closing Date prepay the Loans, upon irrevocable notice delivered to the Administrative Agent no
later than 1:00 P.M., New York City time, three Business Days prior thereto, in the case of
Eurodollar Loans, and no later than 1:00 P.M., New York City time, one Business Day prior thereto,
in the case of ABR Loans, which notice shall specify (i) the date and amount of prepayment and (ii)
whether the prepayment is of Eurodollar Loans or ABR Loans; provided that (x) any optional
prepayment of a Loan shall be accompanied by a premium of (A) 2% of the principal amount prepaid,
in the case of any optional prepayment made following the first anniversary of the Closing Date but
on or prior to the second anniversary of the Closing Date and (B) 1% of the principal amount
prepaid, in the case of any optional prepayment made following the second anniversary of the
Closing Date but on or prior to the third anniversary of the Closing
Date and (y) if a
Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable
thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.15. Upon receipt of
any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If
any such notice is given, the amount specified in such notice
shall be due and payable on the date specified therein (provided that such notice may
be conditioned on receiving the proceeds of any refinancing or Disposition of Property), together
with accrued interest to such date on the amount prepaid. Partial prepayments of Loans shall be in
an aggregate principal amount of (i) $500,000 or a whole multiple of $100,000 in excess thereof (in
the case of prepayments of ABR Loans) or (ii) $1,000,000 or a whole multiple of $100,000 in excess
thereof (in the case of prepayments of 

28

 

Eurodollar Loans), and in each case shall be subject to the
provisions of Section 2.12. Subject to Section 2.5(b), no such prepayment of Loans shall be made
at any time when any First Lien Loans and/or Revolving Commitments (as defined in the First Lien
Credit Agreement) shall be outstanding (except to the extent (i) permitted under the First Lien
Credit Agreement (including, without limitation, pursuant to Section 7.8 of the First Lien Credit
Agreement) or (ii) that the prepayment results in the prepayment in full of the First Lien Loans
then outstanding and the termination of the Revolving Commitments (as defined in the First Lien
Credit Agreement), in which case any remaining amount may be applied as described above).

          (b) Amounts to be applied with connection with prepayments pursuant to Section 2.5 shall be
applied to the prepayment of the Loans in accordance with Section 2.12(a) until paid in full.

          2.6 Mandatory Prepayments. (a) Subject to clause (c) below, if any indebtedness for borrowed money (excluding any
Indebtedness permitted to be incurred in accordance with Section 6.1 or incurred with the consent
of the Required Lenders) shall be incurred by the Borrower or any of its Subsidiaries an amount
equal to 100% of the Net Cash Proceeds thereof shall be applied within two Business Days of the
date of receipt of such Net Cash Proceeds toward the prepayment of the Loans as set forth in
Section 2.6(c).

           (b) Subject to clause (c) below, if on any date any of the Borrower or any Subsidiary
Guarantor shall for its own account receive Net Cash Proceeds from any Asset Sale or Recovery
Event then, unless a Reinvestment Notice shall be delivered in respect thereof, such Net Cash
Proceeds shall be applied within two Business Days of such date toward the prepayment of the
Loans as set forth in Section 2.6(c); provided that notwithstanding the foregoing, (i) on
the date (the “Trigger Date”) that is six months after the applicable Reinvestment
Prepayment Date, the Loans shall be prepaid as set forth in Section 2.6(c) by an amount equal to
the portion of any Committed Reinvestment Amount with respect to the relevant Reinvestment Event
not actually expended by such Trigger Date and (ii) if the Borrower or any Subsidiary Guarantor
shall receive Net Cash Proceeds from any Specified Asset Sale, then (x) if the Specified Asset
Sale Multiple is greater than the lower of (A) 5.00:1.00 and (B) the Consolidated Total Leverage
Ratio on the date such Specified Asset Sale is consummated after giving pro forma effect to such
Specified Asset Sale (the lower of (A) and (B) the “Applicable Leverage Ratio”), then the
portion of such Net Cash Proceeds equal to the product of the Applicable Leverage Ratio
multiplied by Consolidated EBITDA of Holdings, the Borrower and its Subsidiaries directly
attributable to such Specified Asset being disposed of shall be applied within two Business Days
of such date toward the prepayment of the Loans as set forth in Section 2.6(c) with the remainder
permitted to be applied in accordance with and subject to compliance with Section 6.5(h) and (y)
otherwise, 100% of
such Net Cash Proceeds shall be applied within two Business Days of the date on which such
Net Cash Proceeds are received toward the prepayment of the Loans as set forth in Section 2.6(c).

           (c) Amounts to be applied in connection with prepayments pursuant to Section 2.6 shall be
applied to the prepayment of the Loans on a pro rata basis until paid in

29

 

full.
The application of any prepayment pursuant to Section 2.6 shall be made, first, to ABR
Loans and, second, to Eurodollar Loans.

           (d) Notwithstanding anything to the contrary in Section 2.6(c) or 2.12, with respect to the
amount of any mandatory prepayment described in Section 2.6 that is allocated to Loans (such
amounts, the “Prepayment Amount”), at any time when Loans remain outstanding, the
Borrower will, in lieu of applying such amount to the prepayment of Loans as provided in
paragraph (c) above, on the date specified in Section 2.6 for such prepayment, give the
Administrative Agent telephonic notice (promptly confirmed in writing) requesting that the
Administrative Agent prepare and provide to each Lender a notice (each, a “Prepayment Option
Notice”) as described below. As promptly as practicable after receiving such notice from the
Borrower, the Administrative Agent will send to each Lender a Prepayment Option Notice, which
shall be in the form of Exhibit H (or such other form approved by the Administrative Agent), and
shall include an offer by the Borrower to prepay on the date (each a “Mandatory Prepayment
Date”) that is ten Business Days after the date of the Prepayment Option Notice, the relevant
Loans of such Lender by an amount equal to the portion of the Prepayment Amount indicated in such
Lender’s Prepayment Option Notice as being applicable to such Lender’s Loans. On the Mandatory
Prepayment Date, (i) the Borrower shall pay to the relevant Lenders the aggregate amount
necessary to prepay that portion of the outstanding relevant Loans in respect of which such
Lenders have accepted (it being understood that any Lender’s failure to object prior to the
relevant Mandatory Prepayment Date shall be deemed as an acceptance by such Lender of such
Prepayment Option Notice and the amount to be prepaid in respect of Loans held by such Lender)
prepayment as described above and (ii) the Borrower shall offer to pay to such accepting Lenders
an amount equal to the portion of the aggregate Prepayment Amount not accepted by the relevant
Lenders, and (to the extent accepted by any or all of such accepting Lenders) such amount shall
be applied to the prepayment of the Loans held by such Lenders ratably based upon the aggregate
principal amount of such Loans; provided that, following such offer and application, any
amount remaining unapplied shall be returned to the Borrower.

          2.7 Conversion and Continuation Options. (a) The Borrower may elect from time to time to convert Eurodollar Loans made to the Borrower
to ABR Loans by giving the Administrative Agent prior irrevocable notice of such election no later
than 1:00 P.M., New York City time, on the second Business Day preceding the proposed conversion
date; provided that if any Eurodollar Loan is so converted on any day other than the last
day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing
pursuant to Section 2.15. The Borrower may elect from time to time to convert ABR Loans made to
the Borrower to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice of
such election no later than 1:00 P.M., New York City time, on the third Business Day preceding the
proposed conversion date (which notice shall specify the length of
the initial Interest Period therefor); provided that no ABR Loan may be converted into a
Eurodollar Loan when any Event of Default has occurred and is continuing and the Administrative
Agent or the Required Lenders have determined in its or their sole discretion not to permit such
conversions. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof.

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          (b) Any Eurodollar Loan may be continued as such by the Borrower giving irrevocable notice to
the Administrative Agent, in accordance with the applicable provisions of the term “Interest
Period” set forth in Section 1.1 and no later than 1:00 P.M., New York City time, on the third
Business Day preceding the proposed continuation date, of the length of the next Interest Period to
be applicable to such Loans; provided that if any Eurodollar Loan is so continued on any
day other than the last day of the Interest Period applicable thereto, the Borrower shall also pay
any amounts owing pursuant to Section 2.15 and; provided, further, that no
Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing
and the Administrative Agent has or the Required Lenders have determined in its or their sole
discretion not to permit such continuations and; provided, further, that if the
Borrower shall fail to give any required notice as described above in this paragraph or if such
continuation is not permitted pursuant to the preceding proviso such Loans shall be automatically
converted to ABR Loans on the last day of such then expiring Interest Period. Upon receipt of any
such notice the Administrative Agent shall promptly notify each relevant Lender thereof.

          2.8 Minimum Amounts and Maximum Number of Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions,
continuations and optional prepayments of Eurodollar Loans and all selections of Interest Periods
shall be in such amounts and be made pursuant to such elections so that (a) after giving effect
thereto, the aggregate principal amount of the Eurodollar Loans comprising each tranche of
Eurodollar Loans shall be equal to a minimum of $1,000,000 or a whole multiple of $100,000 in
excess thereof and (b) no more than 15 tranches of Eurodollar Loans shall be outstanding at any one
time.

          2.9 Interest Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with
respect thereto at a rate per annum equal to the Eurodollar Rate determined for such day plus the
Applicable Margin.

          (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the
Applicable Margin.

          (c) (i) If all or a portion of the principal amount of any Loan shall not be paid when due
(whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear
interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant
to the foregoing provisions of this Section plus 2% and (ii) if all or a portion of any
interest payable on any Loan or other amount payable hereunder shall not be paid when due (whether
at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at
a rate per annum equal to the rate then applicable to ABR Loans plus 2%, in each
case, with respect to clauses (i) and (ii) above, from the date of such non-payment until
such amount is paid in full (as well after as before judgment).

          (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date;
provided that interest accruing pursuant to paragraph (c) of this Section shall be payable
from time to time on demand.

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          2.10 Computation of Interest and Fees. (a) Interest and fees payable pursuant hereto shall be calculated on the basis of a
360-day year for the actual days elapsed, except that, with respect to ABR Loans the rate of
interest on which is calculated on the basis of the Prime Rate, the interest thereon shall be
calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days
elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the
relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a
Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become
effective as of the opening of business on the day on which such change becomes effective. The
Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of
the effective date and the amount of each such change in interest rate.

           (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be presumptively correct in the absence of manifest error. The
Administrative Agent shall, at the request of the Borrower, promptly deliver to the Borrower a
statement showing the quotations used by the Administrative Agent in determining any interest
rate pursuant to Section 2.9(a) and Section 2.9(b).

          2.11 Inability to Determine Interest Rate. If prior to the first day of any Interest Period for any Eurodollar Loan:

     (a) the Administrative Agent shall have determined (which determination shall be
presumptively correct absent manifest error) that, by reason of circumstances affecting the
relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar
Rate for such Interest Period, or

     (b) the Administrative Agent shall have received notice from the Required Lenders that
by reason of any changes arising after the date of this Agreement the Eurodollar Rate
determined or to be determined for such Interest Period will not adequately and fairly
reflect the cost to such Lenders (as certified by such Lenders) of making or maintaining
their affected Loans during such Interest Period,

the Administrative Agent shall give telecopy notice thereof to the Borrower and the Lenders as soon
as practicable thereafter. If such notice is given (x) any Eurodollar Loans requested to be made
on the first day of such Interest Period shall be made as ABR Loans, (y) any Loans that were to
have been converted on the first day of such Interest Period to Eurodollar Loans shall be continued
as ABR Loans and (z) any outstanding Eurodollar Loans shall be converted, on the last day of the
then-current Interest Period with respect thereto, to ABR Loans. Until such notice has been
withdrawn by the Administrative Agent (which action the Administrative Agent will
take promptly after the conditions giving rise to such notice no longer exist), no further
Eurodollar Loans shall be made or continued as such, nor shall the Borrower have the right to
convert Loans to Eurodollar Loans.

          2.12 Pro Rata Treatment and Payments. (a) Each borrowing by the Borrower from the Lenders hereunder shall be made pro
rata according to the respective Applicable Percentages of the Lenders. Each payment
(other than prepayments) by the Borrower in respect of 

32

 

principal of or interest on the Loans shall
be made pro rata according to the respective outstanding principal amounts of the
Loans then held by the Lenders. Amounts repaid or prepaid on account of the Loans may not be
reborrowed.

           (b) All payments (including prepayments) by the Borrower hereunder, whether on account of
principal, interest, fees or otherwise, shall be made in Dollars without setoff or counterclaim
and shall be made prior to 2:00 P.M., New York City time, on the due date thereof to the
Administrative Agent, for the account of the relevant Lenders, at the Funding Office, in
immediately available funds. The Administrative Agent shall distribute such payments to the
relevant Lenders promptly upon receipt in like funds as received. If any payment hereunder
(other than payments on the Eurodollar Loans) becomes due and payable on a day other than a
Business Day, such payment shall be extended to the next succeeding Business Day. If any payment
on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity
thereof shall be extended to the next succeeding Business Day unless the result of such extension
would be to extend such payment into another calendar month, in which event such payment shall be
made on the immediately preceding Business Day. In the case of any extension of any payment of
principal pursuant to the preceding two sentences, interest thereon shall be payable at the then
applicable rate during such extension.

           (c) Unless the Administrative Agent shall have been notified in writing by any Lender prior
to a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the
Borrowing Date therefor, such Lender shall pay to the Administrative Agent on demand, such amount
with interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and
(ii) a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation, for the period until such Lender makes such amount immediately available
to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender
with respect to any amounts owing under this paragraph shall be presumptively correct in the
absence of manifest error. If such Lender’s share of such borrowing is not made available to the
Administrative Agent by such Lender within three Business Days after such Borrowing Date, the
Administrative Agent shall give notice of such fact to the Borrower and the Administrative Agent
shall also be entitled to recover such amount with interest thereon at the rate per annum
applicable to ABR Loans, on demand, from the Borrower. Nothing herein shall be deemed to limit
the rights of the Administrative Agent or the Borrower against any defaulting Lender.

           (d) Unless the Administrative Agent shall have been notified in writing by the Borrower
prior to the date of any payment due to be made by the Borrower hereunder that the Borrower will
not make such payment to the Administrative Agent, the Administrative Agent may assume that the
Borrower is making such payment, and the Administrative Agent may, but shall not be required to,
in reliance upon such assumption, make available to the relevant Lenders their respective
pro rata shares of a corresponding amount. If such payment is not made to the
Administrative Agent by the Borrower within three Business Days after such due

33

 

date, the
Administrative Agent shall be entitled to recover, on demand, from each relevant Lender to which
any amount which was made available pursuant to the preceding sentence, such amount with interest
thereon at the rate per annum equal to the daily average Federal Funds Effective Rate. Nothing
herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the
Borrower.

          2.13 Requirements of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or
application thereof or compliance by any Lender with any request or directive (whether or not
having the force of law) from any central bank or other Governmental Authority first made, in each
case, subsequent to the date hereof:

     (i) shall impose, modify or hold applicable any reserve, special deposit, compulsory
loan or similar requirement against assets held by, deposits or other liabilities in or for
the account of, advances, loans or other extensions of credit by, or any other acquisition
of funds by, any office of such Lender that is not otherwise included in the determination
of the Eurodollar Rate hereunder; or

     (ii) shall impose on such Lender any other condition not otherwise contemplated
hereunder (other than any changes to any Excluded Tax or increase in the rate of any
Excluded Tax);

and the result of any of the foregoing is to increase the cost to such Lender (other than an
Excluded Tax) by an amount which such Lender reasonably deems in good faith to be material, of
making, converting into, continuing or maintaining Eurodollar Loans, or to reduce any amount
receivable hereunder in respect thereof, then, in any such case, the Borrower shall promptly pay
such Lender within 20 Business Days after the Borrower’s receipt of a reasonably detailed invoice
therefor (showing with reasonable detail the calculations thereof), any additional amounts
necessary to compensate such Lender for such increased cost or reduced amount receivable. If any
Lender becomes entitled to claim any additional amounts pursuant to this Section, it shall promptly
notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it
has become so entitled. Notwithstanding the foregoing provisions of this Section 2.13(a), any
right of the Administrative Agent or a Lender to receive additional amounts on account of
Non-Excluded Taxes or Other Taxes shall be governed by Section 2.14.

           (b) If any Lender shall have reasonably determined that the adoption of or any change in any
Requirement of Law regarding capital adequacy or in the interpretation or application thereof or
compliance by such Lender or any corporation controlling such Lender with any request or
directive regarding capital adequacy (whether or not having the force of
law) from any Governmental Authority first made, in each case, subsequent to the date hereof
shall have the effect of reducing the rate of return on such Lender’s or such corporation’s
capital as a consequence of its obligations hereunder to a level below that which such Lender or
such corporation could have achieved but for such adoption, change or compliance (taking into
consideration such Lender’s or such corporation’s written policies with respect to capital
adequacy) by an amount deemed in good faith by such Lender to be material, then from time to
time, after submission by such Lender to the Borrower (with a copy to the Administrative Agent)
of a reasonably detailed written request therefor (consistent with the detail provided by

34

 

such
Lender to similarly situated borrowers), the Borrower shall pay to such Lender such additional
amount or amounts as will compensate such Lender or such corporation for such reduction.

           (c) A certificate as to any additional amounts payable pursuant to this Section submitted by
any Lender to the Borrower (with a copy to the Administrative Agent) shall be presumptively
correct in the absence of manifest error. Notwithstanding anything to the contrary in this
Section, the Borrower shall not be required to compensate a Lender pursuant to this Section for
any amounts incurred more than six months prior to the date that such Lender notifies the
Borrower of such Lender’s intention to claim compensation therefor; provided that if the
circumstances giving rise to such claim have a retroactive effect, then such six-month period
shall be extended to include the period of such retroactive effect. The obligations of the
Borrower pursuant to this Section shall survive the termination of this Agreement and the payment
of the Obligations.

          2.14 Taxes. (a) Except as otherwise provided in this Agreement, all payments made by the Borrower under
this Agreement shall be made free and clear of, and without deduction or withholding for or on
account of, any present or future taxes, levies, imposts, duties, charges, fees, deductions,
withholdings or Other Taxes, now or hereafter imposed, levied, collected, withheld or assessed by
any Governmental Authority responsible for administering taxes, excluding (i) net or gross income
taxes, net or gross profits or capital taxes and franchise taxes (imposed in lieu of net or gross
income taxes) imposed on the Administrative Agent or any Lender as a result of a present, former or
future connection between the Administrative Agent or such Lender and the jurisdiction of the
Governmental Authority imposing such tax or any political subdivision or taxing authority thereof
or therein (other than any such connection arising solely from the Administrative Agent or such
Lender having executed, delivered or performed its obligations or received a payment under, or
enforced, this Agreement or any other Second Lien Loan Document), (ii) any branch profits taxes
imposed by the United States or any similar tax imposed by any other jurisdiction in which the
Borrower is located and (iii) in the case of a Lender that is not a “United States person” within
the meaning of Code Section 7701(a)(30) (a “Non-U.S. Lender”), any United States
withholding tax that is imposed on amounts payable to such Non-U.S. Lender at the time such
Non-U.S. Lender becomes a party to this Agreement (or designates a new lending office) or is
attributable to such Non-U.S. Lender’s failure to comply with Section 2.14(d), except to the extent
that such Non-U.S. Lender (or its assignor, if any) was entitled at the time of designation of a
new lending office (or assignment), to receive additional amounts from the Borrower with respect to
such withholding tax pursuant to this Section 2.14(a) (together the amounts described in clauses
(i)-(iii) are the “Excluded 
Taxes”). If any such taxes, levies, imposts, duties, charges, fees, deductions or
withholdings (that are not Excluded Taxes (the “Non-Excluded Taxes”) or Other Taxes are
required to be withheld from any amounts payable by the Borrower to the Administrative Agent or any
Lender hereunder, the amounts so payable to the Administrative Agent or such Lender shall be
increased to the extent necessary to yield to the Administrative Agent or such Lender (after
deduction or withholding of all Non-Excluded Taxes and Other Taxes) interest or any such other
amounts payable hereunder at the rates or in the amounts specified in this Agreement;
provided, however, that the Borrower shall not be required to increase any such
amounts payable to any Lender with respect to any Non-Excluded Taxes (i) that are attributable to
such Lender’s failure to comply

35

 

with the requirements of paragraph (d) or (e), as applicable, of
this Section or (ii) that are United States withholding taxes imposed on amounts payable hereunder
to such Lender at the time such Lender becomes a Lender, except to the extent that such Lender’s
assignor (if any) was entitled, at the time of assignment, to receive additional amounts from the
Borrower with respect to such Non-Excluded Taxes pursuant to this paragraph.

           (b) Except as otherwise provided in this Agreement, the Borrower shall pay any Other Taxes
to the relevant Governmental Authority in accordance with applicable law.

           (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by the Borrower, as promptly
as possible thereafter the Borrower shall send to the Administrative Agent for the account of the
Administrative Agent or Lender, as the case may be, a certified copy of an original official
receipt received by the Borrower showing payment thereof if such receipt is obtainable, or, if
not, other reasonable evidence of payment. If the Borrower fails to pay any Non-Excluded Taxes
or Other Taxes that the Borrower is required to pay pursuant to this Section 2.14 (or in respect
of which the Borrower would be required to pay increased amounts pursuant to Section 2.14(a) if
such Non-Excluded Taxes or Other Taxes were withheld) when due to the appropriate taxing
authority or fails to remit to the Administrative Agent the required receipts or other required
documentary evidence, the Borrower shall indemnify the Administrative Agent and the Lenders for
any payments by them of such Non-Excluded Taxes or Other Taxes and for any incremental taxes,
interest or penalties that become payable by the Administrative Agent or any Lender as a result
of any such failure.

           (d) Each Lender that is not a United States person (as such term is defined in Section
7701(a)(30) of the Code) (a “Non-U.S. Lender”) shall deliver to the Borrower and the
Administrative Agent (or, in the case of a Participant, to the Borrower and to the Lender from
which the related participation shall have been purchased) (i) two accurate and complete
original, signed copies of IRS Form W-8ECI or W-8BEN (or any successor or other applicable
forms), or, (ii) in the case of a Non-U.S. Lender claiming exemption from United States federal
withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio
interest”, a statement substantially in the form of Exhibit E and two accurate and complete
original, signed copies of IRS Form W-8BEN, or any subsequent versions or successors to such
forms, in each case properly completed and duly executed by such Non-U.S. Lender claiming
complete exemption from, or a reduced rate of, United States federal withholding tax on all
payments by the Borrower or any Loan Party under this Agreement and the other Second Lien Loan
Documents. Such forms shall be delivered by each Non-U.S. Lender on or before the date it
becomes a party to this Agreement (or, in the case of any Participant, on or before the date such
Participant purchases the related participation). In
addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or
invalidity of any form previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall
(i) promptly notify the Borrower at any time it determines that it is no longer in a position to
provide any previously delivered certificate to the Borrower (or any other form of certification
adopted by the United States taxing authorities for such purpose) and (ii) take such steps as
shall not be disadvantageous to it, in its reasonable judgment, and as may be reasonably
necessary (including the re-designation of its lending office pursuant to Section 2.17) to avoid
any requirement of applicable laws of any such jurisdiction that the

36

 

Borrower make any deduction
or withholding for taxes from amounts payable to such Lender. Notwithstanding any other
provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant
to this paragraph that such Non-U.S. Lender is not legally able to deliver.

          (e) Each Lender that is a United States person (as such term is defined in Section
7701(a)(30) of the Code) (a “U.S. Lender”) shall deliver to the Borrower and the
Administrative Agent two accurate and complete original, signed copies of IRS Form W-9, or any
subsequent versions or successors to such form. Such forms shall be delivered by each U.S. Lender
on or before the date it becomes a party to this Agreement. In addition, each U.S. Lender shall
deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by
such U.S. Lender. Each U.S. Lender shall promptly notify the Borrower at any time it determines
that it is no longer in a position to provide any previously delivered certifications to the
Borrower (or any other form of certification adopted by the United States taxing authorities for
such purpose).

           (f) If the Administrative Agent or any Lender determines, in good faith, that it has
received a refund of any Non-Excluded Taxes or Other Taxes as to which it has been indemnified by
the Borrower or with respect to which the Borrower has paid additional amounts pursuant to
Section 2.13 and this Section 2.14, it shall promptly pay over such refund to the Borrower (but
only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under
this Section 2.14 with respect to the Non-Excluded Taxes or Other Taxes giving rise to such
refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without
interest (other than any interest paid by the relevant Governmental Authority with respect to
such refund); provided that the Borrower, upon the request of the Administrative Agent or
such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest
or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or
such Lender in the event the Administrative Agent or such Lender is required to repay such refund
to such Governmental Authority; provided, further, that the Borrower shall not be
required to repay to the Administrative Agent or the Lender an amount in excess of the amount
paid over by such party to the Borrower pursuant to this Section. This paragraph shall not be
construed to require the Administrative Agent or any Lender to make available its tax returns (or
any other information relating to its taxes which it deems confidential) to the Borrower or any
other Person. The agreements in this Section shall survive the termination of this Agreement and
the payment of the Obligations.

          2.15 Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from,
any reasonable and documented out-of-pocket loss or expense (other than lost profits, including the
Applicable Margin) that such Lender may actually sustain or incur as a consequence of (a) default
by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after
the Borrower has given a notice requesting the same in accordance with the provisions of this
Agreement, (b) default by the Borrower in making any prepayment of or conversion from Eurodollar
Loans after the Borrower has given a notice thereof in accordance with the provisions of this
Agreement or (c) the making of a prepayment, conversion or continuation of Eurodollar Loans on a
day that is not the last day of an Interest 

37

 

Period with respect thereto. A reasonably detailed
certificate as to (showing in reasonable detail the calculation of) any amounts payable pursuant to
this Section submitted to the Borrower by any Lender shall be presumptively correct in the absence
of manifest error. This covenant shall survive the termination of this Agreement and the payment
of the Obligations.

          2.16 Illegality. Notwithstanding any other provision herein, if the adoption of or any change in any
Requirement of Law or in the interpretation or application thereof, in each case, first made after
the date hereof, shall make it unlawful for any Lender to make or maintain Eurodollar Loans as
contemplated by this Agreement, such Lender shall promptly give notice thereof to the
Administrative Agent and the Borrower, and (a) the commitment of such Lender hereunder to make
Eurodollar Loans, continue Eurodollar Loans as such and convert ABR Loans to Eurodollar Loans shall
be suspended during the period of such illegality and (b) such Lender’s Loans then outstanding as
Eurodollar Loans, if any, shall be converted automatically to ABR Loans on the respective last days
of the then current Interest Periods with respect to such Loans or within such earlier period as
required by law.

          If any such conversion of a Eurodollar Loan occurs on a day which is not the last day of the
then current Interest Period with respect thereto, the Borrower shall pay to such Lender such
amounts, if any, as may be required pursuant to Section 2.15.

          2.17 Mitigation of Costs; Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Section 2.13, 2.14(a), 2.15 or 2.16 with respect to such Lender, it will, if requested by the
Borrower, use reasonable efforts (subject to overall policy considerations of such Lender) to
designate another lending office for any Loans affected by such event with the object of avoiding
the consequences of such event; provided that such designation is made on terms that, in
the sole good faith judgment of such Lender, cause such Lender and its lending office(s) to suffer
no material economic, legal or regulatory disadvantage and; provided, further, that
nothing in this Section shall affect or postpone any of the obligations of the Borrower or the
rights of any Lender pursuant to Section 2.13, 2.14(a) or 2.16.

          2.18 Replacement of Lenders. The Borrower shall be permitted to replace with a financial institution any Lender that (a)
requests reimbursement for amounts owing pursuant to Section 2.13, 2.14 or 2.15
(to the extent a request made by a Lender pursuant to the operation of Section 2.15 is
materially greater than requests made by other Lenders) or gives a notice of illegality pursuant to
Section 2.16, (b) defaults in its obligation to make Loans hereunder, or (c) that has refused to
consent to any waiver or amendment with respect to any Second Lien Loan Document that requires such
Lender’s consent and has been consented to by the Required Lenders; provided that (i) such
replacement does not conflict with any Requirement of Law, (ii) the replacement financial
institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or
prior to the date of replacement, (iii) the Borrower shall be liable to such replaced Lender under
Section 2.15 (as though Section 2.15 were applicable) if any Eurodollar Loan owing to such replaced
Lender shall be purchased other than on the last day of the Interest Period relating thereto, (iv)
the replacement financial institution, if not already a Lender, shall be reasonably satisfactory to
the Administrative Agent to the extent that an assignment to such replacement financial institution
of the rights and obligations being acquired

38

 

by it would otherwise require the consent of the
Administrative Agent pursuant to Section 9.6(c), (v) the replaced Lender shall be obligated to make
such replacement in accordance with the provisions of Section 9.6, (vi) the Borrower shall pay all
additional amounts (if any) required pursuant to Section 2.13 or 2.14, as the case may be, in
respect of any period prior to the date on which such replacement shall be consummated, (vii) if
applicable, the replacement financial institution shall consent to such amendment or waiver and
(viii) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the
Administrative Agent or any other Lender shall have against the replaced Lender.

          2.19 Fees. The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the
dates as set forth in any fee agreements with the Administrative Agent.

SECTION 3. REPRESENTATIONS AND WARRANTIES

          To induce the Agents and the Lenders to enter into this Agreement and to make the Loans,
Holdings and the Borrower hereby jointly represent and warrant (as to itself and each of its
Subsidiaries) to the Agents and each Lender, which representations and warranties shall be deemed
made on the Closing Date (immediately before and immediately after giving effect to the
Transactions) (provided that until after the consummation of the Merger, none of the following
representations and warranties are made with respect to the Company or any of its Subsidiaries)
that:

          3.1 Financial Condition. The audited consolidated balance sheet of the Company and its consolidated Subsidiaries as
at June 30, 2005 and June 30, 2006, and the related consolidated statements of income and of cash
flows for the fiscal years ended on such dates, reported on by and accompanied by an unqualified
report from PriceWaterhouseCoopers LLP, present fairly in all material respects the financial
condition of the Company and its consolidated Subsidiaries as at such date, and the results of its
operations and its cash flows for the respective fiscal years then ended. The unaudited
consolidated balance sheet of the Company and its consolidated
Subsidiaries as at September 30, 2006, December 31, 2006 and March 31, 2007, and the related
unaudited consolidated statements of income and cash flows for the three, six and nine-month
periods ended, respectively, on such date, present fairly in all material respects the consolidated
financial condition of the Company and its consolidated Subsidiaries as at such date, and the
combined results of its operations and its combined cash flows for the three, six and nine-month
periods then ended (subject to absence of footnotes and normal year-end adjustments). All such
financial statements, including the related schedules and notes thereto and normal year end
adjustments, have been prepared in accordance with GAAP applied consistently throughout the periods
involved (except as approved by the aforementioned firm of accountants and disclosed therein and,
in the case of such unaudited financial statements, subject to the absence of footnotes). Except
as set forth on Schedule 3.1, in the Company’s consolidated balance sheet as of June 30, 2006 or
that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse
Effect, as of the Closing Date, the Borrower and its Subsidiaries (i) do not have any material
Guarantee Obligations, contingent liabilities or liabilities for taxes, or any long-term leases or
unusual forward or long-term commitments, including, without limitation, any interest rate or
foreign currency swap or exchange transaction

39

 

or other obligation in respect of derivatives, which
are not reflected in the most recent financial statements referred to in this paragraph but which
would in accordance with GAAP be so reflected in a consolidated balance sheet of the Borrower as of
the Closing Date or (ii) are not party to any arrangement to pay principal or interest with respect
to any Indebtedness of any Person which is not reflected in the most recent financial statements
referred to in this paragraph, (x) which was incurred by the Borrower or any of its Subsidiaries or
guaranteed by the Borrower or any of its Subsidiaries at any time or the proceeds of which are or
were transferred to or used by the Borrower or any of its Subsidiaries and (y) the payments in
respect of which are intended to be made with the proceeds of payments to such Person by the
Borrower or any of its consolidated Subsidiaries or with any Indebtedness or Capital Stock issued
by the Borrower or any such Subsidiary.

          3.2 No Change. (a) As of the Closing Date, there has been no event, circumstance, development, change or
effect since December 31, 2006 that has had a Closing Date Material Adverse Effect.

           (b) At any time after the Closing Date as of which this representation and warranty is made
or deemed made, there has been no event, development or circumstance since June 30, 2006 that has
had or could reasonably be expected to have a Material Adverse Effect.

          3.3 Existence; Compliance with Law. Each of Holdings, the Borrower and its Subsidiaries (a) (i) is duly organized (or
incorporated), validly existing and in good standing (or, only where if applicable, the equivalent
status in any foreign jurisdiction) under the laws of the jurisdiction of its organization or
incorporation, (ii) has the corporate or organizational power and authority, to own and operate its
Property, to lease the Property it operates as lessee and to conduct the business in which it is
currently engaged except, in each case, to the extent that any such failure to have such power,
authority or right would not reasonably be expected to have a Material Adverse Effect and (iii) is
duly qualified as a foreign corporation or limited liability company and in good standing (where
such concept is relevant) under the laws of each jurisdiction where its ownership, lease or
operation of Property or the conduct of its business requires such qualification except, in each
case, to the extent that the failure to be so qualified or in good standing (where such concept is
relevant) would not reasonably be expected to have a Material Adverse Effect and (b) is in
compliance with all Requirements of Law except to the extent that any such failure to comply
therewith would not reasonably be expected to have a Material Adverse Effect.

          3.4 Corporate Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate power and authority to make, deliver and perform the
Second Lien Loan Documents to which it is a party and, in the case of the Borrower, to borrow
hereunder. Each Loan Party has taken all necessary corporate or other action to authorize the
execution, delivery and performance of the Second Lien Loan Documents to which it is a party and,
in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of
this Agreement. Except as would not reasonably be expected to have a Material Adverse Effect, no
consent or authorization of, filing with, notice to or other act by or in respect of, any
Governmental Authority is required in connection with the
Transactions, the extensions of credit

40

 

hereunder or the execution, delivery, performance, validity or enforceability of this Agreement or
any of the other Second Lien Loan Documents, except (i) consents, authorizations, filings and
notices described in Schedule 3.4, which consents, authorizations, filings and notices have been
obtained or made (except to the extent not yet required to have been obtained or made), each of
which is in full force and effect or the failure to obtain which would not reasonably be expected
to have a Material Adverse Effect and (ii) the filings referred to in Section 3.17. Each Second
Lien Loan Document has been duly executed and delivered on behalf of each Loan Party that is a
party thereto. This Agreement constitutes, and each other Second Lien Loan Document upon execution
will constitute, a legal, valid and binding obligation of each Loan Party that is a party thereto,
enforceable against each such Loan Party in accordance with its terms, except as enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law) and the implied covenants of
good faith and fair dealing.

          3.5 No Legal Bar. The execution, delivery and performance of this Agreement and the other Second Lien Loan
Documents, the borrowings hereunder and the use of the proceeds thereof will not (a) violate the
organizational or governing documents of any of the Loan Parties, (b) violate in any material
respect any Requirement of Law or any material Contractual Obligation of Holdings, the Borrower or
any of its Subsidiaries (other than any violation which would not reasonably be expected to result
in a Material Adverse Effect) or (c) result in, or require, the creation or imposition of any Lien
on any of their respective properties or revenues pursuant to any Requirement of Law or any such
Contractual Obligation (other than the Liens permitted by Section 6.2 or as otherwise contemplated
by the First Lien Loan Documents).

          3.6 No Material Litigation. No litigation, proceeding or, to the knowledge of Holdings and the Borrower, investigation
of or before any arbitrator or Governmental Authority is pending or, to the knowledge of Holdings
and the Borrower, likely to be commenced within a reasonable time period against Holdings, the
Borrower or any of its Subsidiaries or against any of their Properties or revenues which, taken as
a whole, (a) are material and adverse with respect to any of the Second Lien Loan Documents or (b)
would reasonably be expected to have a Material Adverse Effect.

          3.7 No Default. No Default or Event of Default has occurred and is continuing.

          3.8 Ownership of Property; Liens. Except as set forth in Schedule 3.8A, each of Holdings, the Borrower and its Subsidiaries
has valid and defensible title in fee simple to, or a valid leasehold interest in, all its real
property, and good title to, or a valid leasehold interest in or right to use, all its other
Property (other than Intellectual Property), in each case, except where the failure to do so would
not reasonably be expected to have a Material Adverse Effect, and none of such Property is subject
to any Lien except as permitted by the Second Lien Loan Documents. Schedule 3.8B lists all real
property which is owned or leased by any Loan Party as of the Closing Date.

41

 

          3.9 Intellectual Property. Each of Holdings, the Borrower and its Subsidiaries owns, or has a valid license to use,
all Intellectual Property used and necessary for the conduct of its business as currently conducted
free and clear of all Liens (other than Liens permitted hereunder), except where the failure to do
so would not reasonably be expected to have a Material Adverse Effect. To Holdings’ or the
Borrower’s knowledge, no holding, injunction, decision or judgment has been rendered by any
Governmental Authority and neither Holdings, the Borrower nor any of its Subsidiaries has entered
into any settlement stipulation or other agreement (except license agreements in the ordinary
course of business) which would cancel the validity of Holdings’, the Borrower’s or any
Subsidiary’s rights in any Intellectual Property owned by Holdings, the Borrower or any Subsidiary
(the “Borrower Intellectual Property”) in any respect that would reasonably be expected to
have a Material Adverse Effect. To Holdings’ or the Borrower’s knowledge, no pending claim has
been asserted or threatened in writing by any Person challenging the use by Holdings, the Borrower
or its Subsidiaries of any Borrower Intellectual Property or the validity of any Borrower
Intellectual Property, except in each case as would not reasonably be expected to have a Material
Adverse Effect. To Holdings’ or the Borrower’s knowledge, the use of any Borrower Intellectual
Property by Holdings, the Borrower or its Subsidiaries does not infringe on the rights of any other
Person in a manner that would reasonably be expected to have a Material Adverse Effect. Holdings,
the Borrower and its Subsidiaries have taken all commercially reasonable actions that in the
exercise of their reasonable business judgment should be taken to protect the Borrower Intellectual
Property, including Borrower Intellectual Property that is confidential in nature, except where the
failure to do so would not reasonably be expected to have a Material Adverse Effect.

          3.10 Taxes. Each of Holdings, the Borrower and each of its Subsidiaries (i) has filed or caused to be
filed all federal, state, provincial and other tax returns that are required to be filed and (ii)
has paid all taxes shown to be due and payable on said returns and all other taxes, fees or other
charges imposed on it or any of its Property by any Governmental Authority responsible for
administering taxes (other than any the amount or validity of which are currently being contested
in good faith by appropriate proceedings and with respect to which any reserves required in
conformity with GAAP have been provided on the books of Holdings, the Borrower or such Subsidiary,
as the case may be), except in each case where the failure to do so would not reasonably be
expected to have a Material Adverse Effect.

          3.11 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be
used for “buying” or “carrying” any “margin stock” within the respective meanings of each of the
quoted terms under Regulation U as now and from time to time hereafter in effect or for any purpose
that violates the provisions of the regulations of the Board. If requested by any Lender (through
the Administrative Agent) or the Administrative Agent, the Borrower will furnish to the
Administrative Agent and each Lender a statement to the foregoing effect in conformity with the
requirements of FR Form G-3 or FR Form U-1 referred to in Regulation U.

          3.12 ERISA. (a) Except as would not reasonably be expected, individually or in the aggregate, to have
a Material Adverse Effect: neither a Reportable Event nor an “accumulated funding deficiency”
(within the meaning of Section 412(a) of the Code or Section 302(a)(2) of ERISA) has occurred
during the five-year period prior to the date on which this

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representation is made with respect to
any Single Employer Plan, and each Plan has complied with the applicable provisions of ERISA and
the Code; no termination of a Single Employer Plan has occurred, and no Lien in favor of the PBGC
or a Single Employer Plan has arisen, during such five-year period; the present value of all
accrued benefits under each Single Employer Plan (based on those assumptions used to fund such
Single Employer Plans) did not, as of the last annual valuation date prior to the date on which
this representation is made or deemed made, exceed the value of the assets of such Single Employer
Plan allocable to such accrued benefits; none of Holdings, the Borrower nor any of its Subsidiaries
has had (or reasonably expects to have) a complete or partial withdrawal from any Multiemployer
Plan that has resulted or would reasonably be expected to result in a liability under ERISA and, to
the knowledge of Holdings and the Borrower, no Multiemployer Plan is in Reorganization or
Insolvent.

          (b) Holdings, the Borrower and its Subsidiaries have not incurred, and do not reasonably
expect to incur, any liability under ERISA or the Code with respect to any plan within the meaning
of Section 3(3) of ERISA which is subject to Title IV of ERISA that is maintained by a Commonly
Controlled Entity (other than Holdings, the Borrower and its Subsidiaries) (a “Commonly
Controlled Plan”) merely by virtue of being treated as a single employer under Title IV of
ERISA with the sponsor of such plan that would reasonably be likely
to have a Material Adverse Effect and result in a direct obligation of Holdings, the Borrower
and its Subsidiaries to pay money.

          3.13 Investment Company Act. No Loan Party is an “investment company”, or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as amended.

          3.14 Subsidiaries. (a) The Subsidiaries listed on Schedule 3.14 constitute all the Subsidiaries of Holdings
at the Closing Date (and after giving effect to the Acquisition Transactions). Schedule 3.14 sets
forth as of the Closing Date the name and jurisdiction of incorporation of each Subsidiary and, as
to each Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party.

          (b) As of the Closing Date (and after giving effect to the Acquisition Transactions), except
as set forth on Schedule 3.14, there are no outstanding subscriptions, options, warrants, calls,
rights or other agreements or commitments of any nature to which Holdings or any of its
Subsidiaries is a party relating to any Capital Stock of the Borrower or any of its Subsidiaries.

          3.15 Environmental Matters. Other than exceptions to any of the following that would not reasonably be expected to have
a Material Adverse Effect: none of Holdings, the Borrower or any of its Subsidiaries (i) has
failed to comply with any Environmental Law or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Law for the operation of the Business;
or (ii) has become subject to any Environmental Liability.

          3.16 Accuracy of Information, etc. No statement or information (excluding the projections and pro forma financial
information referred to below) contained in this Agreement,

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any other Second Lien Loan Document,
the Confidential Information Memorandum or any certificate furnished to the Administrative Agent or
the Lenders or any of them, by or on behalf of any Loan Party for use in connection with the
transactions contemplated by this Agreement or the other Second Lien Loan Documents when taken as a
whole, contained as of the date such statement, information, or certificate was so furnished, any
untrue statement of a material fact or omitted to state a material fact necessary in order to make
the statements contained herein or therein not materially misleading in light of the circumstances
in which they were made. The projections and pro forma financial information
contained in the materials referenced above are based upon good faith estimates and assumptions
believed by management of the Borrower to be reasonable at the time made, it being recognized by
the Lenders that such financial information as it relates to future events is not to be viewed as
fact and that actual results during the period or periods covered by such financial information may
differ from the projected results set forth therein by a material amount.

3.17 Security Documents. (a) The Guarantee and Collateral Agreement is effective to create in favor of the
Collateral Agent for the benefit of the Secured Parties, a legal, valid and enforceable security
interest in the Collateral described therein (including any proceeds of any item of Collateral) to
the extent required by the Guarantee and Collateral Agreement. In the case of (i) the Pledged
Securities described in the Guarantee and Collateral Agreement, when any stock certificates or
notes, as applicable, representing such Pledged Securities are delivered to the collateral agent
under the First Lien Loan Documents or the Collateral Agent, as applicable, pursuant to the
Intercreditor Agreement and (ii) the other Collateral described in the Guarantee and Collateral
Agreement, when financing statements in appropriate form are filed, within the time periods (if
any) required by applicable law, in the offices specified on Schedule 3.17 (which financing
statements have been duly completed and executed (as applicable) and delivered to the Collateral
Agent) and such other filings as are specified on Schedule 3.17 are made, the Collateral Agent
shall have a fully perfected Lien on, and security interest in, all right, title and interest of
the Loan Parties in such Collateral (including any proceeds of any item of Collateral) (to the
extent a security interest in such Collateral can be perfected through the filing of financing
statements in the offices specified on Schedule 3.17 and the filings specified on Schedule 3.17,
and through the delivery of the Pledged Securities required to be delivered on the Closing Date),
as security for the Obligations, in each case prior and superior in right to any other Person
(except (i) Liens permitted by Section 6.2 and (ii) Liens having priority by operation of law) to
the extent required by the Guarantee and Collateral Agreement.

          (b) Upon the execution and delivery of any Mortgage to be executed and delivered pursuant to
Section 5.8(b), such Mortgage shall be effective to create in favor of the Collateral Agent for the
benefit of the Secured Parties a legal, valid and enforceable Lien on the mortgaged property
described therein and proceeds thereof; and when such Mortgage is filed in the recording office
designated by the Borrower, such Mortgage shall constitute a fully perfected Lien on, and security
interest in, all right, title and interest of the Loan Parties in such mortgaged property and the
proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in each
case prior and superior in right to any other Person (other than Liens permitted by Section 6.2 or
other encumbrances or rights permitted by the relevant Mortgage).

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          3.18 Solvency. The Loan Parties, taken as a whole, are, and after giving effect to the Transactions and
the incurrence of all Indebtedness and obligations being incurred in connection herewith and
therewith and in connection with the Second Lien Loan Documents will be, Solvent.

SECTION 4. CONDITIONS PRECEDENT

          The agreement of each Lender to make the extension of credit requested to be made by it is
subject to the satisfaction (or waiver), prior to or concurrently with the making of such extension
of credit on the Closing Date, of the following conditions precedent:

     (a) Second Lien Credit Agreement; Security Documents. The Administrative Agent
shall have received (i) this Agreement, executed and delivered by the Administrative Agent,
the Collateral Agent, Holdings, the Borrower, the Joint Lead Arrangers, the Syndication
Agent and each Lender whose name appears on the signature pages hereof (or, with respect to
each Person which shall be a Lender as of the Closing Date, a duly completed, executed and
delivered Lender Addendum), (ii) the Guarantee and Collateral Agreement, executed and
delivered by the Loan Parties and the Administrative Agent, (iii) the Intercreditor
Agreement executed and delivered by Holdings, the Borrower and each Subsidiary Guarantor and
(iv) an Acknowledgement and Consent in the form attached to the Guarantee and Collateral
Agreement executed and delivered by each Issuer (as defined therein), if any, that is not a
Loan Party.

     (b) Existing Indebtedness. (i) Holdings, the Borrower and its Subsidiaries
shall have no Indebtedness for borrowed money outstanding as of the Closing Date other than
under this Agreement and the other Indebtedness permitted by Section 6.1 (provided that,
with respect to the 91/4% Senior Notes, the Indebtedness thereunder shall not be deemed to be
outstanding as long as an amount in cash equal to the amount required to redeem such 91/4%
Senior Notes shall have been delivered to the trustee under the 91/4% Senior Notes Indenture)
and (ii) the Existing Credit Facility and all liens securing obligations under the Existing
Credit Facility shall have been terminated (or arrangements reasonably satisfactory to the
Administrative Agent for such termination of such liens shall have been made), and the
Administrative Agent shall have received satisfactory evidence from Holdings and the
Borrower as to the foregoing.

     (c) Transactions, etc. The following transactions shall be consummated:

     (i) Acquisition. The Merger shall have been or shall
contemporaneously be consummated substantially pursuant to the terms of the
Acquisition Agreement, and the Exchange Fund (as defined in the Acquisition
Agreement) shall have been or shall contemporaneously be deposited with the Paying
Agent (as defined in the Acquisition Agreement) in accordance with the Acquisition
Agreement.

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     (ii) Equity Financing. The Sponsor or one or more of its Affiliates
shall have made cash common or preferred equity contributions to, or purchased for
cash common or preferred equity of, Holdings in an aggregate amount that, together
with the amount of the equity of Holdings that shall be purchased or acquired by
management as of the Closing Date, constitutes not less than $185,000,000, and
Holdings shall have used such cash equity contribution to consummate the
Transactions (the “Equity Financing”).

     (iii) First Lien Loan Documents. The Administrative Agent shall have
received evidence that the First Lien Loan Documents shall have been executed and
delivered by all of the Persons stated to be party thereto in their respective forms
then most recently delivered to the Administrative Agent, and evidence that the
“Closing Date” (as defined in the First Lien Credit Agreement) will occur on the
Closing Date.

     (iv) [Reserved]

     (v) Redemption of the 91/4% Senior Notes. The Company shall have
deposited with the trustee under the 91/4% Senior Notes Indenture an amount in cash
necessary to redeem all of the 91/4% Senior Notes at a price equal to at least the
principal amount thereof on the Closing Date pursuant to the terms of the 91/4% Senior
Notes Indenture and at such time such 91/4% Senior Notes shall cease to be
outstanding.

     (d) Fees. The Agents shall have received all fees required to be paid, and all
reasonable out-of-pocket expenses for which reasonably detailed invoices have been presented
(including reasonable fees, disbursements and other charges of counsel to the Administrative
Agent), on or before the Closing Date.

     (e) Solvency Certificate. The Administrative Agent shall have received a
solvency certificate signed by the chief financial officer or treasurer on behalf of
Holdings, substantially in the form of Exhibit F hereto.

     (f) Lien Searches. The Collateral Agent shall have received the results of a
recent lien search in each of the jurisdictions in which Uniform Commercial Code financing
statements or other filings or recordations should be made to evidence or perfect security
interests in all assets of the Loan Parties, and such search shall reveal no liens on any of
the assets of the Loan Party, except for Liens permitted by Section 6.2 or liens to be
discharged on or prior to the Closing Date.

     (g) Closing Certificate. The Administrative Agent shall have received a
certificate of each of Holdings, the Initial Borrower and the Surviving Borrower dated the
Closing Date, substantially in the form of Exhibit C, with appropriate insertions and
attachments.

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     (h) Legal Opinions. The Administrative Agent shall have received an executed
legal opinion of Dechert LLP, counsel to the Loan Parties, and of local counsel to the Loan
Parties, in each case reasonably satisfactory to the Administrative Agent covering such
customary matters incident to the transactions contemplated by this Agreement as the
Administrative Agent may reasonably require and in form and substance reasonably
satisfactory to the Administrative Agent.

     (i) Pledged Stock; Stock Powers; Pledged Notes. The collateral agent under the
First Lien Loan Documents shall have received (i) the certificates representing the shares,
if any, of Capital Stock of the Borrower and (to the extent required by the terms of the
Guarantee and Collateral Agreement) each of the Borrower’s Subsidiaries pledged to the
Administrative Agent pursuant to (and, in the case of the Capital Stock of any Foreign
Subsidiary, subject to the limitations of) the Guarantee and Collateral Agreement, together
with an undated stock power for each such certificate executed in blank by a duly authorized
officer of the pledgor thereof and (ii) each promissory note (if any) required to be pledged
to the Administrative Agent pursuant to the Guarantee and
Collateral Agreement endorsed (without recourse) in blank (or accompanied by an
executed transfer form in blank) by the pledgor thereof.

     (j) Filings, Registrations and Recordings. Each document (including, without
limitation, any Uniform Commercial Code financing statement) required by the Second Lien
Security Documents to be filed, registered or recorded in order to create in favor of the
Collateral Agent for the benefit of the Secured Parties, a perfected Lien on the Collateral
described therein with the priority provided for in the Second Lien Security Documents,
shall have been delivered to the Collateral Agent in proper form for filing, registration or
recordation.

     (k) Insurance. The Administrative Agent shall have received insurance
certificates satisfying the requirements of Section 5.5(c).

     (l) Pro Forma Balance Sheet; Financial Statements; Financial Plan. The Lenders
shall have received (i) the unaudited pro forma consolidated balance sheet
of the Borrower and its consolidated Subsidiaries (the “Pro Forma Balance Sheet”),
certified by a Responsible Officer of the Borrower as having been prepared giving effect (as
if such events had occurred on such date) to (A) the Transactions, including the Loans and
the First Lien Loans to be made on the Closing Date and the use of the proceeds thereof and
(B) the payment of fees and expenses in connection with the foregoing; and (ii) the
financial statements of the Company and its Subsidiaries referred to in Section 3.1. The
Pro Forma Balance Sheet shall have been prepared based upon the best information available
to the Borrower as of the date of delivery thereof, and present fairly in all material
respects on a pro forma basis the estimated financial position of the
Borrower and its consolidated Subsidiaries as at the end of the fiscal quarter ending March
31, 2007 assuming that the events specified in the preceding sentence had actually occurred
at such date, and shall be so certified by the Borrower.

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     (m) Representations and Warranties. The Specified Representations shall be
true and correct in all material respects, in each case on and as of the Closing Date as if
made on and as of such date except to the extent that such representations and warranties
relate to an earlier date, in which case such representations and warranties shall be true
and correct as of such earlier date (provided that any representation and warranty that is
qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true
and correct in all respects).

     (n) No Default. No Default or Event of Default shall have occurred and be
continuing on the Closing Date or after giving effect to the extensions of credit requested
to be made on the Closing Date; provided that, notwithstanding anything herein to
the contrary, the existence or non-existence of any Default or Event of Default with respect
to a breach of representations and warranties as of the Closing Date shall relate only to
the Specified Representations.

          Notwithstanding anything herein to the contrary, to the extent any security interest in the
Collateral or any deliverable related to the perfection of security interests in or Liens upon
the Collateral (other than any such property the security interest in or lien upon which may
be perfected by the filing of a Uniform Commercial Code financing statement or the delivery of
stock certificates under any Second Lien Security Document) is not provided on the Closing Date
after the Borrower’s use of commercially reasonable efforts to do so, the provision of any such
security interest(s) or Liens(s) or deliverable shall not constitute a condition precedent to the
initial extensions of credit under this Section 4 on the Closing Date but shall be required to be
delivered after the Closing Date pursuant to arrangements to be mutually agreed by the
Administrative Agent and the Borrower.

SECTION 5. AFFIRMATIVE COVENANTS

          Each of Holdings and the Borrower (on behalf of itself and each of the Subsidiaries) hereby
agrees that, so long as any Loan or other amount is owing to any Lender or any Agent hereunder
(other than contingent or indemnification obligations not then due), Holdings and the Borrower
shall and (to the extent relevant) shall cause each of the Subsidiaries to:

          5.1 Financial Statements. Furnish to the Administrative Agent for delivery to each Lender (which may be delivered via
posting on Intralinks):

     (a) (i) within 90 days after the fiscal year ending June 30, 2007, a copy of the
audited consolidated balance sheet of the Company and its consolidated Subsidiaries as at
the end of such year and the related audited consolidated statements of income and of cash
flows for such year and (ii) within 90 days after the end of each fiscal year of Holdings
(which fiscal year may be changed as permitted under Section 6.10), commencing with the
fiscal year ending June 30, 2008 or December 31, 2008, as the case may be, a copy of the
audited consolidated balance sheet of Holdings and its consolidated Subsidiaries as at

48

 

the
end of such year and the related audited consolidated statements of income and of cash flows
for such year, in each case setting forth in each case in comparative form the figures as of
the end of and for the previous year, reported on without qualification arising out of the
scope of the audit, by PriceWaterhouseCoopers LLP or other independent certified public
accountants of nationally recognized standing; and

     (b) as soon as available, but in any event not later than 45 days after the end of each
of the first three quarterly periods of each fiscal year of Holdings, commencing with the
fiscal quarter ending September 30, 2007 the unaudited consolidated balance sheet of
Holdings and its consolidated Subsidiaries as at the end of such quarter and the related
unaudited consolidated statements of income and of cash flows for such quarter and the
portion of the fiscal year through the end of such quarter, setting forth in each case in
comparative form the figures as of the end of and for the corresponding period in the
previous year, certified by a Responsible Officer as being fairly stated in all material
respects (subject to normal year-end audit adjustments and the lack of notes);

all such financial statements to be complete and correct in all material respects and to be
prepared in reasonable detail and in accordance with GAAP applied consistently throughout the
periods reflected therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein and except, in the case of the financial
statements referred to in clause (b), for customary year-end adjustments and the absence of
footnotes).

Documents required to be delivered pursuant to this Section 5.1 may be delivered by posting such
documents electronically with notice of such posting to the Administrative Agent and each Lender
and if so posted, shall be deemed to have been delivered on the date (i) on which the Borrower
posts such documents, or provides a link thereto on the Borrower’s website on the Internet at
www.vertrue.com, or (ii) on which such documents are posted on the Borrower’s behalf on
IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the
Administrative Agent have been granted access (whether a commercial, third-party website or whether
sponsored by the Administrative Agent).

          5.2 Certificates; Other Information. Furnish to the Administrative Agent for delivery to each Lender, or, in the case of clause
(f), to the relevant Lender:

     (a) concurrently with the delivery of any financial statements pursuant to Section 5.1,
(i) a certificate of a Responsible Officer on behalf of Holdings stating that such
Responsible Officer has obtained no knowledge of any Default or Event of Default except as
specified in such certificate and (ii) (x) if applicable for such period, a Compliance
Certificate containing all information and calculations necessary for determining compliance
by Holdings, the Borrower and its Subsidiaries with the provisions of Section 6.16 as of the
last day of the fiscal quarter or fiscal year of Holdings, as the case may be, and (y) to
the extent not previously disclosed to the Administrative Agent, a description of any new
Subsidiary and of any change in the jurisdiction of organization of any other Loan Party and
a listing of any new registrations, and applications for registration, of material
Intellectual Property acquired or made by

49

 

any Loan Party since the date of the most recent
list delivered pursuant to this clause (y) (or, in the case of the first such list so
delivered, since the Closing Date);

     (b) as soon as available, but in any event not later than 60 days after the end of each
fiscal year of Holdings (commencing with the fiscal year ending on June 30, 2008), a
detailed consolidated budget for the following fiscal year (including a projected
consolidated balance sheet of Holdings, the Borrower and its Subsidiaries as of the end of
the following fiscal year and the related consolidated statements of projected cash flow and
projected income) (collectively, the “Annual Operating Budget”);

     (c) promptly after the same are sent, copies of all financial statements and reports
that Holdings or the Borrower sends to the holders of any class of its debt securities or
public equity securities (except for Permitted Investors) and, promptly after the same are
filed, copies of all financial statements and reports that Holdings or the Borrower may
make to, or file with, the SEC, in each case to the extent not already provided
pursuant to Section 5.1 or any other clause of this Section 5.2;

     (d) promptly upon delivery thereof to Holdings or the Borrower and to the extent
permitted, copies of any accountants’ letters addressed to its Board of Directors (or any
committee thereof);

     (e) promptly, such additional financial and other information as the Administrative
Agent (for its own account or upon the reasonable request from any Lender) may from time to
time reasonably request;

     (f) prior to the effectiveness thereof, copies of substantially final drafts of any
proposed material amendment, supplement, waiver or other modification with respect to the
First Lien Credit Agreement; and

     (g) concurrently with the dispatch or receipt of the same to or from any agent under
the First Lien Credit Agreement, copies of any notice of the occurrence of an event of
default under the First Lien Credit Agreement dispatched to or received from such agent
under or in connection with the First Lien Credit Agreement.

Documents required to be delivered pursuant to this Section 5.2 may be delivered by posting such
documents electronically with notice of such posting to the Administrative Agent and each Lender
and if so posted, shall be deemed to have been delivered on the date (i) on which the Borrower
posts such documents, or provides a link thereto on the Borrower’s website on the Internet at
www.vertrue.com, or (ii) on which such documents are posted on the Borrower’s behalf on
IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the
Administrative Agent have access (whether a commercial, third-party website or whether sponsored by
the Administrative Agent).

          5.3 Payment of Obligations. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent,
as the case may be, all its material taxes, governmental assessments and governmental charges
(other than Indebtedness), except (a) where

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the amount or validity thereof is currently being
contested in good faith by appropriate proceedings and reserves required in conformity with GAAP
with respect thereto have been provided on the books of Holdings, the Borrower or its Subsidiaries,
as the case may be, or (b) to the extent that failure to pay or satisfy such obligations could not,
in the aggregate, reasonably be expected to have a Material Adverse Effect.

          5.4 Conduct of Business and Maintenance of Existence, etc.; Compliance. (a) (i) Preserve, renew and keep in full force and effect its corporate or other existence
and (ii) take all reasonable action to maintain all rights (other than Intellectual Property
rights, the maintenance of which is addressed in Section 5.5(b)), privileges and franchises
necessary or desirable in the normal conduct of its business, except, in each case, as otherwise
permitted by Section 6.3 or except, in the case of clause (ii) above, to the extent that failure to
do so could not reasonably be expected to have a Material Adverse Effect; and (b) comply with all
Requirements of Law except to the extent that failure to comply therewith could not, in the
aggregate, reasonably be expected to have a Material Adverse Effect; provided that, for the
avoidance of doubt, notwithstanding the foregoing clause (a)(i), the Company shall be permitted to
change its corporate identity from a Delaware corporation to a Delaware limited liability company
so long as promptly following such reorganization, the Company shall deliver to the Administrative
Agent certified copies of its certificate of formation, operating agreement, Certificate of Good
Standing from its jurisdiction of organization and such other documents as may be reasonably
requested by the Administrative Agent.

          5.5 Maintenance of Property; Insurance. (a) Keep all Property necessary in its business in adequate working order and
condition, ordinary wear and tear excepted except where a failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse Effect.

          (b) Take all commercially reasonable and necessary steps, including, in any proceeding before
the United States Patent and Trademark Office or the United States Copyright Office, to maintain
and pursue each application (and to obtain the relevant registration) and to maintain each
registration of the Borrower Intellectual Property, including, filing of applications for renewal,
affidavits of use and affidavits of incontestability, except in each case to the extent that
failure to do so would not reasonably be expected to have a Material Adverse Effect.

          (c) Maintain insurance with financially sound and reputable insurance companies insurance on
all its material Property in at least such amounts and against at least such risks (but including
in any event public liability, product liability and business interruption) as are usually insured
against in the same general area by companies engaged in the same or a similar business. All such
insurance shall, to the extent customary (but in any event, not including business interruption
insurance and personal injury insurance) (i) provide that no cancellation thereof shall be
effective until at least 30 days after receipt by the Administrative Agent of written notice
thereof and (ii) name the Administrative Agent as insured party or loss payee.

          5.6 Inspection of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which full, true and correct entries in
conformity with GAAP and all Requirements of Law shall be made of all material dealings and
transactions in relation to 

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its business and activities, (b) permit representatives of any Lender
to visit and inspect any of its properties (in the case of any real property lease, to the extent
permitted in the relevant lease agreement) and examine and make abstracts from any of its books and
records upon reasonable prior notice and during normal business hours (provided that such
visits shall be coordinated by the Administrative Agent), (c) permit representatives of any Lender
to have reasonable discussions regarding the business, operations, properties and financial and
other condition of Holdings, the Borrower and its Subsidiaries with officers and employees of
Holdings, the Borrower and its Subsidiaries, (provided that any Lender shall coordinate any
request for such discussions through the Administrative Agent) and (d) permit representatives of
the Administrative Agent to have reasonable discussions regarding the business, operations,
properties and financial and other condition of Holdings, the Borrower and its Subsidiaries with
its independent certified public accountants; provided that a Responsible
Officer of Holdings or the Borrower shall be present during such discussion and any such
discussions with Holdings’ independent certified public accountants at Holdings’ expense shall,
except while an Event of Default has occurred and is continuing, be limited to one meeting per
calendar year.

          5.7 Notices. Promptly upon a Responsible Officer of Holdings or any Loan Party obtaining knowledge
thereof, give notice to the Administrative Agent (who shall promptly notify each Lender) of:

     (a) the occurrence of any Default or Event of Default;

     (b) any litigation, investigation or proceeding which may exist at any time between
Holdings, the Borrower or any of its Subsidiaries and any other Person, that in either case,
could reasonably be expected to have a Material Adverse Effect;

     (c) the following events, that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect, as soon as possible and in any event within 30
days after Holdings, the Borrower or any Subsidiary knows thereof: (i) the occurrence of any
Reportable Event with respect to any Single Employer Plan, a failure to make any required
contribution to a Single Employer Plan, the creation of any Lien in favor of the PBGC or a
Single Employer Plan or any withdrawal from, or the termination, Reorganization or
Insolvency of, any Multiemployer Plan, (ii) the institution of proceedings or the taking of
any other action by the PBGC or Holdings or any Commonly Controlled Entity or any
Multiemployer Plan with respect to the withdrawal from, or the termination, Reorganization
or Insolvency of, any Plan or (iii) the occurrence of any similar events with respect to a
Commonly Controlled Plan, that would reasonably be likely to result in a direct obligation
of Holdings, the Borrower or any of its Subsidiaries to pay money;

     (d) any development or event that has had or could reasonably be expected to have a
Material Adverse Effect; and

     (e) the acquisition of any Property after the Closing Date in which the Collateral
Agent does not already have a perfected security interest and in which a security interest
is required to be created or perfected pursuant to Section 5.8.

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Each notice pursuant to this Section shall be accompanied by a statement of a Responsible Officer
setting forth details of the occurrence referred to therein and stating what action Holdings, the
Borrower or the relevant Subsidiary proposes to take with respect thereto.

          5.8 Additional Collateral, etc. (a) With respect to any Property (other than Vehicles, cash, Cash Equivalents, Foreign Cash
Equivalents and other assets expressly excluded from the Collateral or excluded from the
requirement that a Lien is perfected on such Property pursuant to the Second Lien Security
Documents) located in the United States acquired after the Closing Date by any Loan
Party (other than (x) any interests in real property and any Property described in paragraph
(b) of this Section 5.8, (y) any Property subject to a Lien expressly permitted by Section 6.2(g)
and (z) Instruments, Certificated Securities, Securities and Chattel Paper, which are referred to
in the last sentence of this paragraph (a)) as to which the Collateral Agent for the benefit of the
Secured Parties does not have a perfected Lien, promptly, but in any case within 30 days, (i) give
notice of such Property to the Collateral Agent and execute and deliver to the Collateral Agent
such amendments to the Guarantee and Collateral Agreement or such other documents as the Collateral
Agent reasonably requests to grant to the Collateral Agent for the benefit of the Secured Parties a
security interest in such Property and (ii) take all actions reasonably requested by the Collateral
Agent to grant to the Collateral Agent for the benefit of the Secured Parties a perfected security
interest (to the extent required by the Second Lien Security Documents) in such Property (with
respect to Property of a type owned by a Loan Party as of the Closing Date to the extent the
Collateral Agent for the benefit of the Secured Parties, has a perfected security interest in such
Property as of the Closing Date), including, without limitation, the filing of Uniform Commercial
Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral
Agreement or by law or as may be reasonably requested by the Collateral Agent. Any Instrument,
Certificated Security (other than in respect of the Capital Stock of any Subsidiary), Security or
Chattel Paper in excess of $100,000 shall be promptly delivered to the collateral agent under the
First Lien Loan Documents or the Collateral Agent, as applicable, pursuant to the Intercreditor
Agreement indorsed in a manner reasonably satisfactory to the Collateral Agent to be held as
Collateral pursuant to the relevant Second Lien Security Document.

          (b) With respect to any fee interest in any real property located in the United States having
a value (together with improvements thereof) of at least $1,000,000 acquired after the Closing Date
by any Loan Party (other than any such real property subject to a Lien expressly permitted by
Section 6.2(g)) within 30 days of such acquisition, (i) give notice of such acquisition to the
Collateral Agent and, if requested by the Collateral Agent execute and deliver a Mortgage (subject
to Liens permitted by Section 6.2) in favor of the Collateral Agent for the benefit of the Secured
Parties, covering such real property (provided that no Mortgage nor survey shall be
obtained if the Collateral Agent reasonably determines in consultation with the Borrower that the
costs of obtaining such Mortgage or survey are excessive in relation to the value of the security
to be afforded thereby), (ii) if reasonably requested by the Collateral Agent (A) provide the
Lenders with a lenders’ title insurance policy with extended coverage covering such real property
in an amount at least equal to the purchase price of such real property (or such other amount as
shall be reasonably specified by the Collateral Agent) as well as a current ALTA survey thereof,
together with a surveyor’s certificate unless the title insurance policy referred to above shall
not contain an exception for any matter shown by a survey (except to
the extent an

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existing survey
has been provided and specifically incorporated into such title insurance policy), each in form and
substance reasonably satisfactory to the Collateral Agent, and (B) use commercially reasonable
efforts to obtain any consents or estoppels reasonably deemed necessary by the Collateral Agent, in
connection with such Mortgage, each of the foregoing in form and substance reasonably satisfactory
to the Collateral Agent and (iii) if requested by the Collateral Agent deliver to the Collateral
Agent legal opinions relating to the matters described above, which opinions shall be in form and
substance, and from counsel, reasonably satisfactory to the Collateral Agent.

          (c) With respect to any new Domestic Subsidiary that is a Material Subsidiary created or
acquired after the Closing Date (which, for the purposes of this paragraph, shall include (x) any
previously non-wholly owned Domestic Subsidiary that becomes wholly owned and is a Material
Subsidiary and (y) any Domestic Subsidiary that was previously an Immaterial Subsidiary and becomes
a Material Subsidiary or a Subsidiary which is a Material Subsidiary, as applicable) by any Loan
Party, promptly, but in any case within 30 days of such acquisition, (i) give notice of such
acquisition or creation to the Collateral Agent and, if requested by the Collateral Agent, execute
and deliver to the Collateral Agent such amendments to the Guarantee and Collateral Agreement or
such other documents as the Collateral Agent reasonably deems necessary to grant to the Collateral
Agent for the benefit of the Secured Parties a perfected security interest (to the extent required
by the Second Lien Security Documents) in the Capital Stock of such new Subsidiary that is owned by
such Loan Party, (ii) deliver to the collateral agent under the First Lien Loan Documents or the
Collateral Agent, as applicable, pursuant to the Intercreditor Agreement the certificates, if any,
representing such Capital Stock, together with undated stock powers, in blank, executed and
delivered by a duly authorized officer of such Loan Party, and (iii) if such new Subsidiary is a
wholly owned Domestic Subsidiary (and is not an Immaterial Subsidiary), cause such new Subsidiary
(A) to become a party to the Guarantee and Collateral Agreement and (B) to take such actions
necessary or advisable to grant to the Collateral Agent for the benefit of the Secured Parties a
perfected security interest (to the extent required by the Second Lien Security Documents) in the
Collateral described in the Guarantee and Collateral Agreement with respect to such new Subsidiary
(to the extent the Collateral Agent, for the benefit of the Secured Parties, has a perfected
security interest in the same type of Collateral as of the Closing Date), including, without
limitation, the filing of Uniform Commercial Code financing statements in such jurisdictions as may
be required by the Guarantee and Collateral Agreement or by law or as may be reasonably requested
by the Collateral Agent.

          (d) With respect to any new Foreign Subsidiary directly owned by Holdings, the Borrower or a
Domestic Subsidiary that is a Material Subsidiary created or acquired after the Closing Date
(which, for the purposes of this paragraph, shall include any Foreign Subsidiary directly owned by
Holdings, the Borrower or a Domestic Subsidiary that previously was an Immaterial Subsidiary and
becomes a Material Subsidiary or a Subsidiary which is a Material Subsidiary, as applicable) by any
Loan Party, promptly, but in any case within 30 days of such acquisition, (i) give notice of such
acquisition or creation to the Collateral Agent and, if requested by the Collateral Agent, execute
and deliver to the Collateral Agent such amendments to the Guarantee and Collateral Agreement or
such other documents as the Collateral Agent deems necessary or reasonably advisable in order to
grant to the Collateral Agent, for the benefit

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of the Secured Parties, a perfected security
interest (to the extent required by the Second Lien Security Documents) in the Capital Stock of
such new Subsidiary that is owned by such Loan Party (provided that in no event shall more
than 65% of the total outstanding voting Capital Stock of any Foreign Subsidiary be required to be
so pledged), and (ii) to the extent permitted by applicable law, deliver to the collateral agent
under the First Lien Loan Documents or the Collateral Agent, as applicable, pursuant to the
Intercreditor Agreement the certificates, if any, representing such Capital Stock, together with
undated stock powers, in blank, executed and delivered by a duly authorized officer of such Loan
Party, and take such other action as may be necessary or, in the reasonable opinion of the
Collateral Agent, necessary to perfect or ensure appropriate priority the Lien of the Collateral
Agent thereon.

          (e) Notwithstanding anything to the contrary in any Second Lien Loan Document, (a) this
Section 5.8 shall not apply with respect to any collateral to the extent the Administrative Agent
has reasonably determined that the value of such collateral to which this Section 5.8 would
otherwise apply is insufficient to justify the difficulty, time and/or expense of obtaining a
perfected Lien therefrom and (b) any such security interest or Lien shall be subject to the
relevant requirements of the Intercreditor Agreement.

          5.9 Further Assurances. Maintain the security interest created by the Second Lien Security Documents as a perfected
security interest having at least the priority described in the Intercreditor Agreement (to the
extent such security interest can be perfected through the filing of UCC-1 financing statements,
the Intellectual Property filings to be made pursuant to Schedule 4 of the Guarantee and Collateral
Agreement or the delivery of Pledged Securities required to be delivered under the Guarantee and
Collateral Agreement (and pursuant to the Intercreditor Agreement)), subject to the rights of the
Loan Parties under the Second Lien Loan Documents to dispose of the Collateral. From time to time
the Loan Parties shall execute and deliver, or cause to be executed and delivered, such additional
instruments, certificates or documents, and take all such actions, as the Collateral Agent may
reasonably request for the purposes of implementing or effectuating the provisions of this
Agreement and the other Second Lien Loan Documents, or of renewing the rights of the Secured
Parties with respect to the Collateral as to which the Collateral Agent, for the ratable benefit of
the Secured Parties, has a perfected Lien pursuant hereto or thereto, including, without
limitation, filing any financing or continuation statements or financing change statements under
the Uniform Commercial Code (or other similar laws) in effect in any United States jurisdiction
with respect to the security interests created hereby.

          5.10 Use of Proceeds. The proceeds of the Loan (i) shall be used to effect, in part, the Transactions and to pay
related fees and expenses and (ii) in an amount equal to the aggregate amount necessary to pay the
consideration upon full conversion of the Convertible Notes outstanding on the Closing Date shall
be deposited by the Borrower in a segregated interest bearing escrow account on the Closing Date on
terms reasonably acceptable to the Administrate Agent (the “Convertible Notes Escrow
Account”); provided that the Borrower shall be permitted to withdraw funds from such
account in accordance with Section 5.11.

          5.11 Post-Closing Undertakings. Immediately upon any obligations under any Convertible Notes becoming owing and payable by the
Borrower or upon the presentment or 

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tender for repurchase or conversion of such Convertible Notes
by the holder(s) thereof, the Borrower shall be permitted to withdraw funds from the Convertible
Notes Escrow Account in an amount necessary to repurchase, or pay the amounts upon conversion of,
such Convertible Notes and shall use such withdrawn funds to make such payments with respect to the
Convertible Notes. After no Convertible Notes are outstanding, the Borrower shall be permitted to
close the Convertible Notes Escrow Account and all amounts remaining in the Convertible Notes
Escrow Account (including all accrued interest), if any, shall be paid to the Borrower.

SECTION 6. NEGATIVE COVENANTS

          The Borrower (on behalf of itself and each of the Subsidiaries) hereby agrees that, so
long as the Commitments remain in effect or any Loan or other amount is owing to any Lender or the
Agents hereunder (other than contingent or indemnification obligations not then due), the Borrower
shall not, and shall not permit any of the Subsidiaries to:

          6.1 Indebtedness. Create, issue, incur, assume, or suffer to exist any Indebtedness, except:

     (a) Indebtedness of Holdings, the Borrower or any Subsidiary Guarantor pursuant to any
First Lien Loan Document, Second Lien Loan Document, Hedge Agreements or in connection with
any Bank Product Obligations;

     (b) Indebtedness (i) of the Borrower to any of its Subsidiaries, (ii) of any Subsidiary
Guarantor to the Borrower or any Subsidiary, (iii) of any Non-Guarantor Subsidiary that is a
Domestic Subsidiary to any other Non-Guarantor Subsidiary that is a Domestic Subsidiary,
(iv) of any Non-Guarantor Subsidiary that is a Foreign Subsidiary to any other Non-Guarantor
Subsidiary that is a Foreign Subsidiary and (v) of any Non-Guarantor Subsidiary that is a
Foreign Subsidiary to the Borrower or any Domestic Subsidiary in an aggregate principal
amount at any one time not to exceed $37,500,000;

     (c) Indebtedness (including, without limitation, Capital Lease Obligations and purchase
money Indebtedness) secured by Liens permitted by Section 6.2(g) in an aggregate principal
amount not to exceed $22,500,000 at any one time outstanding;

     (d) Indebtedness outstanding on the date hereof and listed on Schedule 6.1(d) and any
refinancings, replacements, refundings, renewals or extensions thereof (without any increase
(excluding accrued interest and the amount of reasonable fees and expenses incurred, make
whole payments and premiums paid in connection therewith) in the principal amount thereof or
any shortening of the maturity of any principal amount thereof);

     (e) Guarantee Obligations (i) by the Borrower or any of its Subsidiaries of obligations
of the Borrower or any Subsidiary Guarantor, (ii) by any Non-Guarantor Subsidiary of
obligations of any Non-Guarantor Subsidiary that is a Domestic Subsidiary and (iii) by any
Non-Guarantor Subsidiary that is a Foreign Subsidiary of obligations of any other
Non-Guarantor Subsidiary that is a Foreign Subsidiary;

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     (f) Indebtedness of the Borrower or any of its Subsidiaries arising from the honoring
by a bank or other financial institution of a check, draft or similar instrument
inadvertently drawn by the Borrower or such Subsidiary in the ordinary course of business
against insufficient funds so long as such Indebtedness is promptly repaid, or in respect of
netting services, overdraft protections, the endorsement of instruments or otherwise in
connection with customary deposit accounts;

     (g) additional unsecured Indebtedness of the Borrower or any of its Subsidiaries in an
aggregate principal amount (for the Borrower and all Subsidiaries) not to exceed $7,500,000
at any one time outstanding; provided that to the extent such Indebtedness is
incurred by Subsidiaries that are not Subsidiary Guarantors, such Indebtedness shall be
non-recourse to the Borrower and the Subsidiary Guarantors;

     (h) Indebtedness of the Borrower or any of its Subsidiaries in respect of workers’
compensation claims, health, disability or other employee benefits; property casualty or
liability insurance; take-or-pay obligations in supply arrangements; self-insurance
obligations; performance, bid, surety, custom, utility and advance payment bonds; and
performance and completion guaranties (in each case in the ordinary course of business);

     (i) Indebtedness consisting of Permitted Indebtedness; provided that the
aggregate amount of Permitted Indebtedness incurred after the Closing Date outstanding at
any time shall not exceed the sum of (i) $75,000,000 plus (ii) the aggregate amount of
Indebtedness under the First Lien Loan Documents and the Second Lien Loan Documents repaid
or prepaid prior to such time;

     (j) Indebtedness of the Borrower or any Subsidiary Guarantor as an account party in
respect of trade letters of credit issued in the ordinary course of business;

     (k) Indebtedness of any Person that (x) becomes a Subsidiary as part of a Permitted
Acquisition or Investment permitted hereunder after the Closing Date, and extensions,
renewals, refinancings and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof or shorten maturity (other than by an amount not
greater than accrued interest, fees and expenses, including premium and defeasance costs,
associated therewith), or (y) add any Subsidiary as a new obligor or new property of the
Borrower or any Subsidiary as security therefor or (z) result in a decreased average
weighted life thereof during the term of this Agreement; provided that (A) such
acquired Indebtedness exists at the time such Person becomes a Subsidiary and is not created
in contemplation of or in connection with such Person becoming a Subsidiary (except to the
extent such acquired Indebtedness refinanced (and did not increase principal (except for
accrued interest premium or fees, or expenses) or shorten maturity during the term of this
Agreement) other Indebtedness to facilitate such entity becoming a Subsidiary), (B) the
aggregate principal amount of Indebtedness permitted by this clause (l) shall not at any one
time outstanding exceed $37,500,000 and (C) neither the Borrower nor any Subsidiary shall be
a new obligor therefor and no property of the Borrower or any Subsidiary shall provide
security therefor;

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     (l) Indebtedness incurred by the Borrower or any of its Subsidiaries in the form of
customary obligations under indemnification, incentive, non-compete, consulting, deferred
compensation, or other similar arrangements;

     (m) Indebtedness incurred by the Borrower or any of its Subsidiaries in connection with
the financing of insurance premiums; and

     (n) Indebtedness incurred under any Hedge Agreement permitted hereunder or any
guarantee of such Indebtedness.

          6.2 Liens. Create, incur, assume or suffer to exist any Lien upon any of its Property, whether now
owned or hereafter acquired, except for:

     (a) Liens for taxes, assessments or governmental charges or claims not yet due or which
are being contested in good faith by appropriate proceedings; provided that adequate
reserves with respect thereto are maintained on the books of the Borrower or its
Subsidiaries, as the case may be, to the extent required by GAAP;

     (b) landlords’, carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or
other like Liens arising in the ordinary course of business which are not overdue for a
period of more than 30 days, that are being contested in good faith by appropriate
proceedings;

     (c) pledges, deposits or statutory trusts in connection with workers’ compensation,
unemployment insurance and other social security legislation;

     (d) deposits and other Liens to secure the performance of bids, tenders, trade
contracts (other than for borrowed money), leases, subleases, statutory obligations, surety
and appeal bonds, performance bonds, government contracts, trade contracts and other
obligations of a like nature incurred in the ordinary course of business;

     (e) easements, zoning restrictions, rights-of-way, licenses, covenants, restrictions
and other similar encumbrances incurred in the ordinary course of business that, in the
aggregate, do not materially detract from the value of the Property subject thereto or
materially interfere with the ordinary conduct of the business of the Borrower or any of its
Subsidiaries;

     (f) Liens (i) in existence on the date hereof listed on Schedule 6.2(f) (or to the
extent not listed on Schedule 6.2(f), where the fair market value of the Property to which
such Lien is attached is less than $1,000,000), (ii) securing Indebtedness permitted by
Section 6.1(d) and (iii) created after the date hereof in connection with any refinancing,
refundings, or renewals or extensions thereof permitted by Section 6.1(d); provided
that no such Lien is spread to cover any additional Property of the Borrower or any
Subsidiary after the Closing Date and that the amount of Indebtedness secured thereby is not
increased;

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     (g) Liens securing Indebtedness of the Borrower or any Subsidiary incurred pursuant to
Section 6.1(c), 6.1(j), 6.1(k), or 6.1(m); provided that in the case of any such
Liens securing Indebtedness incurred pursuant to Section 6.1(c) or 6.1(k) to the extent
incurred to finance Permitted Acquisitions or Investments permitted under Section 6.6, (x)
such Liens shall be created substantially concurrently with the acquisition of the assets
financed by such Indebtedness, (y) such Liens do not at any time encumber any Property of
the Borrower or any Subsidiary other than the Property financed by such
Indebtedness and the proceeds thereof and (z) the principal amount of Indebtedness
secured thereby is not increased;

     (h) Liens created pursuant to the First Lien Loan Documents or Second Lien Loan
Documents;

     (i) any interest or title of a lessor under any lease entered into by the Borrower or
any Subsidiary in the ordinary course of its business and covering only the assets so
leased, and any financing statement filed in connection with any such lease;

     (j) Liens arising from judgments in circumstances not constituting an Event of Default
under Section 7(h);

     (k) Liens on property or assets acquired pursuant to an acquisition permitted under
Section 6.6(e) (and the proceeds thereof) or assets of a Subsidiary Guarantor in existence
at the time such Subsidiary Guarantor is acquired pursuant to an acquisition permitted under
Section 6.6(e) and not created in contemplation thereof;

     (l) Liens on Property of Non-Guarantor Subsidiaries securing Indebtedness or other
obligations not prohibited by this Agreement to be incurred by such Non-Guarantor
Subsidiaries;

     (m) receipt of progress payments and advances from customers in the ordinary course of
business to the extent same creates a Lien on the related inventory and proceeds thereof;

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

     (o) Liens arising out of consignment or similar arrangements for the sale by the
Borrower and its Subsidiaries of goods through third parties in the ordinary course of
business;

     (p) Liens solely on any cash earnest money deposits made by the Borrower or any of its
Subsidiaries in connection with an Investment permitted by Section 6.6;

     (q) Liens deemed to exist in connection with Investments permitted by Section 6.6(b)
that constitute repurchase obligations;

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     (r) Liens upon specific items of inventory or other goods and proceeds of the Borrower
or any of its Subsidiaries arising in the ordinary course of business securing such Person’s
obligations in respect of bankers’ acceptances issued or created for the account of such
Person to facilitate the purchase, shipment or storage of such inventory or other goods;

     (s) Liens on cash or cash deposits securing any Hedge Agreement permitted hereunder;

     (t) any interest or title of a lessor under any leases or subleases entered into by the
Borrower or any Subsidiary in the ordinary course of business;

     (u) bankers’ liens, rights to setoff and credit balances with respect to deposit
accounts and other Cash Equivalents or Foreign Cash Equivalents to the extent permitted by
any control agreement, and Liens encumbering customary initial deposits and margin deposits
and similar Liens attaching to commodity trading accounts or other brokerage accounts
incurred in the ordinary course of business;

     (v) Liens on insurance policies and the proceeds thereof securing the financing of the
insurance premiums in respect thereto;

     (x) license of Intellectual Property granted by the Borrower or any of its Subsidiaries
in the ordinary course of business;

     (y) any Lien constituted by any retention of title, hire purchase or conditional sale
arrangement or arrangements having similar effect in respect of goods supplied to a Loan
Party in the ordinary course of trading and on the supplier’s standard or usual terms and
securing amounts that are not more than sixty (60) days overdue;

     (z) repurchase rights, transfer restrictions, rights of first refusal and other similar
restrictions set forth in the organizational documents of any Person;

     (aa) Liens which are incidental to the conduct of the business of Holdings and its
Subsidiaries or the ownership of their property and assets and which were not incurred in
connection with the borrowing of money or the obtaining of advances or credit, and which do
not in the aggregate materially impair the ordinary conduct of the business of the
applicable Person; and

     (bb) other Liens with respect to obligations that do not exceed $7,500,000 at any one
time outstanding.

          6.3 Fundamental Changes. Consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its
Property or business, except that:

     (a) (i) any Subsidiary may be merged, amalgamated, liquidated or consolidated with or
into the Borrower (provided that the Borrower shall be the continuing or

60

 

surviving
corporation) or (ii) any Subsidiary may be merged, amalgamated, liquidated or consolidated
with or into any Subsidiary (provided that (x) if one of the parties to such merger,
amalgamation or consolidation is a Subsidiary Guarantor, such Subsidiary Guarantor shall be
the continuing or surviving corporation or (y) simultaneously with such transaction, the
continuing or surviving corporation shall become a Subsidiary Guarantor and the Borrower
shall comply with Section 5.8 in connection therewith; provided further that for
purposes of this clause, any Subsidiary which would be a
Subsidiary Guarantor except solely for the fact that such Subsidiary is an Immaterial
Subsidiary shall be deemed to be a Subsidiary Guarantor);

     (b) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may be merged or
consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary that is
a Subsidiary, and any Non-Guarantor Subsidiary that is a Domestic Subsidiary may be merged
or consolidated with or into, or be liquidated into, any other Non-Guarantor Subsidiary that
is a Domestic Subsidiary;

     (c) any Non-Guarantor Subsidiary that is a Foreign Subsidiary may Dispose of all or
substantially all of its assets (upon voluntary liquidation, dissolution, winding-up or
otherwise) to any other Non-Guarantor Subsidiary that is a Subsidiary, and any Non-Guarantor
Subsidiary that is a Domestic Subsidiary may Dispose of all or substantially all of its
assets (upon voluntary liquidation dissolution, winding-up or otherwise) to any other
Non-Guarantor Subsidiary that is a Domestic Subsidiary;

     (d) Dispositions permitted by Section 6.4 may be consummated; and

     (e) the Initial Borrower may be merged with and into the Company pursuant to the terms
of the Acquisition Agreement.

          6.4 Dispositions of Property. Dispose of any of its owned Property (including, without limitation, receivables) whether
now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of
such Subsidiary’s Capital Stock to any Person, except:

     (a) the Disposition of surplus, obsolete or worn out property in the ordinary course of
business and the abandonment of Intellectual Property in the ordinary course of business;

     (b) (i) the sale of inventory, goods and/or services in the ordinary course of
business, (ii) the cross-licensing or licensing of Intellectual Property, in the ordinary
course of business and (iii) the contemporaneous exchange, in the ordinary course of
business, of Property for Property of a like kind (other than as set forth in clause (ii)),
to the extent that the Property received in such exchange is of a value substantially
equivalent to the value of the Property exchanged (provided that after giving effect
to such exchange, the value of the Property of the Borrower or any Subsidiary Guarantor
subject to perfected Liens in favor of the Collateral Agent under the Second Lien Security
Documents is not reduced);

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     (c) Dispositions permitted by Section 6.3;

     (d) the sale or issuance of any Subsidiary’s Capital Stock to the Borrower or any
Subsidiary Guarantor; provided that the sale or issuance of Capital Stock of a
Subsidiary to the Borrower or any Subsidiary Guarantor is otherwise permitted by Section
6.6;

     (e) the Disposition of other assets having a fair market value not to exceed 3.75% of
consolidated total assets of Holdings, the Borrower and its Subsidiaries in the aggregate;
provided that the requirements of Section 2.6(b), to the extent applicable, are
complied with in connection therewith;

     (f) any Recovery Event or Specified Asset Sale; provided that the requirements
of Section 2.6(b) are complied with in connection therewith;

     (g) the leasing, occupancy agreements or sub-leasing of Property that would not
materially interfere with the required use of such Property by the Borrower or its
Subsidiaries;

     (h) the sale or discount, in each case without recourse and in the ordinary course of
business, of overdue accounts receivable arising in the ordinary course of business, but
only in connection with the compromise or collection thereof consistent with the Borrower’s
commercially reasonable business judgment or in the ordinary course of business, and any
other Disposition or financing of receivables or other loans held by the Borrower or any of
its Subsidiaries resulting from loans made in the ordinary course of business to customers
in connection with the business of MCM;

     (i) transfers of condemned property as a result of the exercise of “eminent domain” or
other similar policies to the respective Governmental Authority or agency that has condemned
same (whether by deed in lieu of condemnation or otherwise), and transfers of properties
that have been subject to a casualty to the respective insurer of such property as part of
an insurance settlement;

     (j) the Disposition of any Immaterial Subsidiary;

     (k) the transfer of Property (i) by the Borrower or any Subsidiary Guarantor to the
Borrower or any other Subsidiary Guarantor or (ii) from a Non-Guarantor Subsidiary to (A)
the Borrower or any Subsidiary Guarantor for no more than fair market value or (B) any other
Non-Guarantor Subsidiary that is a Subsidiary; provided that any sale or issuance of
Capital Stock of a Subsidiary to the Borrower or any Subsidiary Guarantor is otherwise
permitted by Section 6.6;

     (l) sale and leaseback transactions permitted by Section 6.9;

     (m) Liens permitted by Section 6.2;

     (n) Restricted Payments permitted by Section 6.5;

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     (o) Investments permitted by Section 6.6;

     (p) the sale or issuance of the Capital Stock of any Foreign Subsidiary to any other
Foreign Subsidiary, including, without limitation, in connection with any tax restructuring
activities not otherwise prohibited hereunder; and

     (q) the Specified Asset Sales.

          6.5 Restricted Payments. Declare or pay any dividend on, or make any payment on account of, or set apart assets for
a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other
acquisition of, any Capital Stock of Holdings, the Borrower or any Subsidiary, whether now or
hereafter outstanding, or make any other distribution in respect thereof, either directly or
indirectly, whether in cash or property or in obligations of Holdings, the Borrower or any
Subsidiary (collectively, “Restricted Payments”), except that:

     (a) any Subsidiary may make Restricted Payments to the Borrower or any Subsidiary
Guarantor;

     (b) (i) Non-Guarantor Subsidiaries of the Borrower that are Domestic Subsidiaries may
make Restricted Payments to other Non-Guarantor Subsidiaries that are Domestic Subsidiaries
and (ii) Non-Guarantor Subsidiaries of the Borrower that are Foreign Subsidiaries may make
Restricted Payments to other Non-Guarantor Subsidiaries that are Subsidiaries;

     (c) provided that the Borrower may make Restricted Payments in an aggregate
amount not to exceed $15,000,000, if (i) no Default or Event of Default is continuing or
would result therefrom, (ii) Holdings is in compliance with Section 6.16 immediately before
and immediately after giving effect to such Restricted Payment and (iii) the Consolidated
Total Leverage Ratio for the most recently ended period of four consecutive fiscal quarters
of Holdings immediately prior to and immediately after giving effect to such Restricted
Payment, shall not exceed 3.75:1.00; provided that no Restricted Payments may be
made under this clause (c) during any fiscal quarter if a Specified Equity Contribution
under the First Lien Credit Agreement has been exercised in respect of any of the four
immediately preceding fiscal quarters;

     (d) the Borrower may make Restricted Payments to Holdings to permit Holdings to pay (i)
any taxes (at the then applicable rate) which are due and payable by Holdings and the
Borrower and their Subsidiaries as part of a consolidated group, or any of the direct or
indirect equityholders of Holdings as a result of the ownership of such equity interests,
(ii) customary fees to members of its board of directors, payments in respect of insurance
coverage or for indemnification obligations under any law, indenture, contract or agreement
to any director or officer of Holdings or any of its Subsidiaries, (iii) ordinary course
corporate operating expenses and (iv) fees and expenses to the extent permitted under clause
(i) of the second sentence of Section 6.8;

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     (e) Investments permitted by Section 6.6;

     (f) Holdings may make Restricted Payments in the form of common equity of Holdings or
preferred equity of Holdings;

     (g) so long as no Default or Event of Default shall have occurred and be continuing,
the Borrower may make Restricted Payments to Holdings to permit Holdings to purchase its
common stock or common stock options from present or former officers, consultants and
directors or employees (and their heirs, estates and assigns) of Holdings,
the Borrower or any Subsidiary upon the death, disability or termination of employment
of such officer or employee or pursuant to any equity subscription, shareholder, employment
or other agreement; provided that the aggregate amount of payments under this clause
(g) in any fiscal year of Holdings shall not exceed $11,250,000 plus any proceeds
actually received from key man life insurance policies; and provided further
that, without regard to the preceding provisions of this clause (g) and in addition to
purchases permitted under such preceding provisions, the Borrower may make Restricted
Payments to Holdings to permit Holdings to purchase its common stock or common stock options
from employees (and their heirs, estates and assigns) upon the death, disability or
termination of such employee or pursuant to any equity subscription, shareholder, employment
or other agreement, or pursuant to “put rights” exercised by such employees as a result of
the death, disability or termination of their employment by the Borrower, Holdings or any
Subsidiary during the period of 24 months after the Closing Date; and

     (h) provided that no Default or Event of Default is continuing or would result
therefrom, the Borrower may make Restricted Payments with Excess Specified Asset Sale
Proceeds to the extent that after giving pro forma effect to such Restricted Payments, the
Consolidated Total Leverage Ratio for the most recently ended period of four fiscal quarters
of Holdings shall not exceed 3.75:1.00.

          6.6 Investments. Make any advance, loan, extension of credit (by way of guaranty or otherwise) or capital
contribution to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities
of, or all or substantially all of the assets constituting an ongoing business from, or make any
other investment in, any other Person (all of the foregoing, “Investments”), except:

     (a) extensions of trade credit in the ordinary course of business;

     (b) Investments in Cash Equivalents and Foreign Cash Equivalents;

     (c) Investments arising in connection with the incurrence of Indebtedness permitted by
Sections 6.1(b) and (e);

     (d) Investments (other than those relating to the incurrence of Indebtedness permitted
by Section 6.6(c)) by the Borrower or any of its Subsidiaries in the Borrower or any Person
that, prior to such Investment, is a Subsidiary Guarantor or is a Domestic Subsidiary that
becomes a wholly-owned Subsidiary Guarantor at the time of such Investment;

64

 

Subsidiary that becomes a wholly-owned Subsidiary Guarantor at the time of such
Investment;

     (e) Permitted Acquisitions to the extent that any Person acquired in such acquisition
becomes a Subsidiary Guarantor or a part of the Borrower or any Subsidiary Guarantor or
becomes (whether or not such Person is a wholly owned Subsidiary) a Subsidiary Guarantor in
the manner contemplated by Section 5.8(c); provided that for purposes of this
clause, any Subsidiary which would be a Subsidiary Guarantor except solely for the fact that
such Subsidiary is an Immaterial Subsidiary shall be deemed to be a Subsidiary Guarantor;

     (f) loans by the Borrower or any of its Subsidiaries to the officers or directors of
Holdings or the Borrower or any of its Subsidiaries in connection with management incentive
plans; provided that such loans represent cashless transactions pursuant to which
such officers or directors directly invest the proceeds of such loans in the Capital Stock
of Holdings;

     (g) Investments by the Borrower and its Subsidiaries in joint ventures or similar
arrangements in an aggregate amount (for the Borrower and all Subsidiaries) not to exceed
$15,000,000 at any one time outstanding;

     (h) Investments (including debt obligations) received in the ordinary course of
business by the Borrower or any Subsidiary in connection with the bankruptcy or
reorganization of suppliers and customers and in settlement of delinquent obligations of,
and other disputes with, customers and suppliers arising out of the ordinary course of
business;

     (i) Investments (i) by any Non-Guarantor Subsidiary that is a Domestic Subsidiary in
any other Non-Guarantor Subsidiary that is a Domestic Subsidiary and (ii) by any
Non-Guarantor Subsidiary that is a Foreign Subsidiary in any other Non-Guarantor Subsidiary
that is a Subsidiary;

     (j) Investments in existence on the Closing Date and listed on Schedule 6.6;

     (k) Investments of the Borrower or any Subsidiary under Hedge Agreements permitted
hereunder;

     (l) Investments of any Person in existence at the time such Person becomes a
Subsidiary; provided that such Investment was not made in connection with or
anticipation of such Person becoming a Subsidiary;

     (m) consummation of the Acquisition Transactions pursuant to the Acquisition Agreement;

     (n) provided that (i) no Default or Event of Default is continuing or would result
therefrom, (ii) Holdings is in compliance with Section 6.16 immediately before and
immediately after giving effect to such Investment and (iii) the Consolidated Total

 

 

Leverage Ratio for the most recently ended period of four consecutive fiscal quarters
of Holdings shall not exceed 5.00:1.00 for such period prior to and after giving effect to
such Investment, the Borrower may make Investments in an aggregate amount (determined as the
amount originally advanced, loaned or otherwise invested, less any returns on the respective
Investment not to exceed the original amount invested) not to exceed at any time outstanding
the Available Excess Amount;

     (o) Subsidiaries of the Borrower may be established or created, if (i) to the extent
such new Subsidiary is a Domestic Subsidiary, the Borrower and such Subsidiary comply with
the provisions of Section 5.8(c) and (ii) to the extent such new Subsidiary is a Foreign
Subsidiary, the Borrower complies with the provisions of Section 5.8(d); provided
that, in each case, to the extent such new Subsidiary is created solely for the purpose of
consummating a merger transaction pursuant to an acquisition permitted by Section 6.6(e),
and such new Subsidiary at no time holds any assets or liabilities other than any merger
consideration contributed to it contemporaneously with the closing of such merger
transactions, such new Subsidiary shall not be required to take the actions set forth in
Section 5.8(c) or 5.8(d), as applicable, until the respective acquisition is consummated (at
which time the surviving entity of the respective merger transaction shall be required to so
comply within ten Business Days);

     (p) Investments resulting from pledges and deposits referred to in Sections 6.2(c) and
(d);

     (q) the forgiveness or conversion to equity of any Indebtedness permitted by Section
6.1(b)(i) through (iv);

     (r) Investments (other than Permitted Acquisitions) made with cash proceeds of equity
contributions (other than with Disqualified Capital Stock and Specified Equity
Contributions) from shareholders of Holdings to the Borrower, after the Closing Date, to the
extent not used in connection with Section 6.5(c);

     (s) Guarantee Obligations permitted by Section 6.1 and any payments made in respect of
such Guarantees Obligations; and

     (t) provided that no Default or Event of Default is continuing or would result
therefrom, additional Investments so long as the aggregate amount thereof outstanding
(determined as the amount originally advanced, loaned or otherwise invested, less any
returns on the respective Investment not to exceed the original amount invested) at no time
exceeds $15,000,000.

It is further understood and agreed that for purposes of determining the value of any Investment
outstanding for purposes of this Section 6.6, such amount shall deemed to be the amount of such
Investment when made, purchased or acquired less any returns on such Investment (not to exceed the
original amount invested).

 

 

     6.7 Optional Payments and Modifications of Certain Debt Instruments.
(a) Make any optional or voluntary payment, prepayment, repurchase or redemption of, or
otherwise voluntarily or optionally defease the principal of or interest on, or any other amount
owing in respect of any Permitted Indebtedness; provided, that nothing in this Section 6.7
shall restrict or prohibit the repayment of any Indebtedness outstanding under the Convertible
Notes or the Convertible Notes Indenture with proceeds from the Convertible Notes Escrow Account;
or

     (b) At any time following the payment in full of the First Lien Loans and the termination of
the Revolving Commitments (as defined in the First Lien Credit Agreement) (in each case, other than
contingent or indemnification obligations not then due) amend, modify or otherwise change, or
consent or agree to any amendment, modification, waiver or other change to any agreement or
instrument governing or evidencing Permitted Indebtedness in any manner that is materially adverse
to the Lenders without the prior consent of the Administrative Agent (with the approval of the
Required Lenders).

     6.8 Transactions with Affiliates. Enter into any transaction, including,
without limitation, any purchase, sale, lease or exchange of Property, the rendering of any service
or the payment of any management, advisory or similar fees, with any Affiliate (other than
Holdings, the Borrower or any Subsidiary) unless such transaction is (a) otherwise not prohibited
under this Agreement and (b) upon fair and reasonable terms no less favorable to Holdings, the
Borrower or such Subsidiary, as the case may be, than it would obtain in a comparable arm’s-length
transaction with a Person that is not an Affiliate. Notwithstanding the foregoing, the Borrower
and its Subsidiaries may (i) pay any fees under the Management Agreement; provided that
such fees shall not, in the aggregate, exceed $2,000,000 (which may be paid no more frequently than
monthly) per annum plus the payment or reimbursement of expenses which are limited to reasonable
out-of-pocket expenses incurred by the Permitted Investors and their respective Affiliates in
connection with the provision of their services; and (ii) without being subject to the terms of
this Section 6.8, enter into any transaction with any Person which is an Affiliate of Holdings only
by reason of such Person and Holdings having common directors. For the avoidance of doubt, this
Section 6.8 shall not apply to employment arrangements with, and payments of compensation, expense
reimbursement, indemnification or benefits to or for the benefit of, current or former employees,
officers or directors of Holdings, the Borrower or any of its Subsidiaries.

     6.9 Sales and Leasebacks. Enter into any arrangement with any Person
providing for the leasing by the Borrower or any Subsidiary of real or personal property which is
to be sold or transferred by the Borrower or such Subsidiary (a) to such Person or (b) to any other
Person to whom funds have been or are to be advanced by such Person on the security of such
property or rental obligations of the Borrower or such Subsidiary, except for (i) sales or
transfers that do not exceed $7,500,000 in the aggregate at any one time outstanding, (ii) sales or
transfers by the Borrower or any Subsidiary Guarantor to the Borrower or any other Subsidiary
Guarantor and (iii) sales or transfers by any Non-Guarantor Subsidiary to any other Non-Guarantor
Subsidiary that is a Subsidiary. Notwithstanding anything to the contrary herein, no transaction
or arrangement shall
be restricted under this Section 6.9 if, in connection with such transaction or arrangement,
any Indebtedness or Lien incurred is permitted to be incurred under Section 6.1 and Section 6.2 or
any Disposition of property is permitted under Section 6.4.

 

 

     6.10 Changes in Fiscal Periods. Permit the fiscal year of Holdings to end
on a day other than June 30th or December 31st of each year.

     6.11 Negative Pledge Clauses. Enter into any agreement that prohibits or
limits the ability of Holdings, the Borrower or any of its Subsidiaries to create, incur, assume or
suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter
acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under the
Guarantee and Collateral Agreement, other than (a) this Agreement and the other Second Lien Loan
Documents and any agreement related to any Permitted Indebtedness and the First Lien Loan
Documents, (b) any agreements governing any purchase money Liens or Capital Lease Obligations
otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective
against the assets financed thereby and the proceeds thereof), (c) software and other Intellectual
Property licenses pursuant to which Holdings, the Borrower or such Subsidiary is the licensee or
licensor of the relevant software or Intellectual Property, as the case may be, (in which case, any
prohibition or limitation shall relate only to the assets subject of the applicable license), (d)
Contractual Obligations incurred in the ordinary course of business and on customary terms which
limit Liens on the assets subject of the applicable Contractual Obligation, (e) any agreements
regarding Indebtedness of any Non-Guarantor Subsidiary not prohibited under Section 6.1 (in which
case, any prohibition or limited shall only be effective against the assets of such Non-Guarantor
Subsidiary and its Subsidiaries), (f) prohibitions and limitations in effect on the date hereof and
listed on Schedule 6.11, (g) customary provisions contained in joint venture agreements and other
similar agreements applicable to joint ventures entered into in the ordinary course of business,
(h) customary provisions restricting the subletting or assignment of any lease governing a
leasehold interest, (i) customary restrictions and conditions contained in any agreement relating
to an asset sale permitted by Section 6.3 or 6.4 and (j) any agreement in effect at the time any
Person becomes a Subsidiary, so long as such agreement was not entered into in contemplation of
such Person becoming a Subsidiary.

     6.12 Clauses Restricting Subsidiary Distributions. Enter into any
consensual encumbrance or restriction on the ability of any Subsidiary to (a) make Restricted
Payments in respect of any Capital Stock of such Subsidiary held by, or pay any Indebtedness owed
to, the Borrower or any Subsidiary or (b) make Investments in the Borrower or any Subsidiary,
except for such encumbrances or restrictions existing under or by reason of (i) any restrictions
existing under the First Lien Loan Documents, (ii) any restrictions with respect to such Subsidiary
imposed pursuant to an agreement that has been entered into in connection with the Disposition of
all or substantially all of the Capital Stock or assets of such Subsidiary, (iii) any restrictions
set forth in the documentation for any
Permitted Indebtedness and the Second Lien Loan Documents, (iv) any restrictions contained in
agreements related to Indebtedness of any Non-Guarantor Subsidiary not prohibited under Section 6.1
(in which case such restriction shall relate only to such Non-Guarantor Subsidiary and its
Subsidiaries), (v) any restrictions regarding licenses or sublicenses by the Borrower and its
Subsidiaries of Intellectual Property in the ordinary course of business (in which case such
restriction shall relate only to such Intellectual Property), (vi) Contractual Obligations incurred
in the ordinary course of business which include customary provisions restricting the assignment of
any agreement relating thereto, (vii) customary provisions contained in joint venture agreements
and other similar agreements applicable to joint ventures entered into in the ordinary course of
business, (viii) customary

 

 

provisions restricting the subletting or assignment of any lease
governing a leasehold interest, (ix) customary restrictions and conditions contained in any
agreement relating to an asset sale permitted by Section 6.3 or 6.4, (x) any agreement in effect at
the time any Person becomes a Subsidiary, so long as such agreement was not entered into in
contemplation of such Person becoming a Subsidiary, (xi) such restrictions in effect on the Closing
Date and listed on Schedule 6.12, (xii) applicable law, and (xiii) restrictions on cash or other
deposits or net worth imposed by customers under contracts entered into in the ordinary course of
business.

     6.13 Lines of Business. Enter into any business, either directly or through
any of its Subsidiaries, except for the Business.

     6.14 Limitation on Hedge Agreements. Enter into any Hedge Agreement other
than Hedge Agreements entered into for a bona fide business purpose or as required hereby, and not
for speculative purposes.

     6.15 Limitation on Activities of Holdings. In the case of Holdings only,
notwithstanding anything to the contrary in this Agreement or any other Second Lien Loan Document:

     (a) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise
engage in, any business or operations other than (i) those incidental to its ownership of the
Capital Stock of the Borrower and (indirectly) the Subsidiaries of the Borrower and those
incidental to Investments by or in Holdings permitted hereunder, (ii) activities incidental to
the maintenance of its existence and compliance with applicable laws and legal, tax and
accounting matters related thereto and activities relating to its employees, (iii) activities
relating to the performance of obligations under the First Lien Loan Documents and Second Lien
Loan Documents to which it is a party or expressly permitted thereunder, (iv) the making of
Restricted Payments to the extent of Restricted Payments permitted to be made to Holdings
pursuant to Section 6.5, (v) the receipt and payment of Restricted Payments permitted under
Section 6.5 and (vi) the other transactions expressly permitted under this Section 6.15;

     (b) incur, create, assume or suffer to exist any Indebtedness or other liabilities or
financial obligations, except (I) unsecured Indebtedness; provided that (v) no scheduled
principal payments, prepayments, redemptions or sinking fund or like payments shall be required
prior to the maturity date of the Second Lien Loans, (w) no payment of interest in cash shall be
required prior to the fifth anniversary of the issuance of such Indebtedness, (x) such
Indebtedness shall have terms which shall be no more restrictive in any respect on the Loan
Parties than the provisions of the Second Lien Loans, (y) no Default or Event of Default shall
have occurred and be continuing at the time of incurrence of such Indebtedness or would result
therefrom and (z) immediately after giving effect to the issuance of such Indebtedness, (i)
Holdings shall be in compliance with Section 6.16 and (ii) the Consolidated Total Leverage Ratio
for the most recently ended period of four consecutive fiscal quarters of Holdings shall not
exceed 5.00:1.00 for such period (in each case, calculated as if such Indebtedness had been
incurred on the first day of such period ending on or prior to such date), (II) nonconsensual
obligations imposed by operation of law, (III) pursuant to the First Lien Loan Documents and
Second Lien Loan Documents to which it is a party, (IV) obligations to its employees, officers

 

 

and directors not prohibited hereunder and (V) obligations under the Acquisition Agreement (as in
effect on the Closing Date);

     (c) own, lease, manage or otherwise operate any properties or assets (including cash (other
than cash received in connection with dividends paid by the Borrower in accordance with Section
6.5 pending application in the manner contemplated by said Section and Cash Equivalents or cash
borrowed under Section 6.15(b)) other than the ownership of shares of Capital Stock of the
Borrower; or

     (d) consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its
Property or business.

     6.16 Consolidated Total Leverage Ratio. At all times that there are Loans
outstanding, permit the Consolidated Total Leverage Ratio of Holdings as at the last day of any
period of four consecutive fiscal quarters of Holdings ending on or nearest to the date set forth
below to exceed the ratio set forth below opposite such date:

	 	 	 
	 	 	Consolidated Total
	Period	 	Leverage Ratio
	December 31, 2007
	 	7.00 : 1.00
	March 31, 2008
	 	7.00 : 1.00
	June 30, 2008
	 	7.00 : 1.00
	September 30, 2008
	 	7.00 : 1.00
	December 31, 2008
	 	7.00 : 1.00
	March 31, 2009
	 	6.75 : 1.00
	June 30, 2009
	 	6.25 : 1.00
	September 30, 2009
	 	6.25 : 1.00
	December 31, 2009
	 	6.25 : 1.00
	March 31, 2010
	 	6.25 : 1.00
	June 30, 2010
	 	5.75 : 1.00
	September 30, 2010
	 	5.75 : 1.00
	December 31, 2010
	 	5.75 : 1.00
	March 31, 2011
	 	5.75 : 1.00
	June 30, 2011
	 	5.00 : 1.00
	September 30, 2011
	 	5.00 : 1.00
	December 31, 2011
	 	5.00 : 1.00
	March 31, 2012
	 	5.00 : 1.00
	June 30, 2012 and thereafter
	 	4.50 : 1.00

 

 

SECTION 7. EVENTS OF DEFAULT

            If any of the following events shall occur and be continuing:

     (a) The Borrower shall fail to pay (i) any principal of any Loan when due in accordance
with the terms hereof or (ii) any interest owed by it on any Loan or any other amount
payable by it hereunder or under any other Second Lien Loan Document, within two Business
Days after any such interest or other amount becomes due in accordance with the terms
hereof; or

     (b) (i) On the Closing Date, any Specified Representation, and (ii) at any time after
the Closing Date, any representation or warranty made or deemed made by any Loan Party
herein or in any other Second Lien Loan Document or that is contained in any certificate,
document or financial or other statement furnished by it at any time under or in connection
with this Agreement or any such other Second Lien Loan Document, shall, in either case,
prove to have been inaccurate in any material respect on or as of the date made or deemed
made or furnished; or

     (c) Any Loan Party shall default in the observance or performance of any agreement
contained in Section 5.4(a) (with respect to Holdings or the Borrower), Section 5.7(a) or
Section 6 of this Agreement; or

     (d) Any Loan Party shall default in the observance or performance of any other
agreement contained in this Agreement or any other Second Lien Loan Document (other than as
provided in paragraphs (a) through (c) of this Section), and such default shall continue
unremedied for a period of 5 Business Days after such Loan Party receives from the
Administrative Agent or any Lender notice of the existence of such default; or

     (e) Holdings, the Borrower or any of its Subsidiaries shall (i) default in making any
payment of any principal of any Indebtedness (excluding the Loans) on the scheduled or
original due date with respect thereto; or (ii) default in making any payment of any
interest on any such Indebtedness beyond the period of grace, if any, provided in the
instrument or agreement under which such Indebtedness was created; (iii) default in the
observance or performance of any other agreement or condition relating to any such
Indebtedness or contained in any instrument or agreement evidencing, securing or
relating thereto, or any other event of default shall occur and such default or event of
default shall continue unremedied beyond the expiration of any applicable grace period
(provided that this clause (iii) shall not apply with respect to any default
relating to or arising out of any Loan Party’s failure to comply with Section 4.2 of the
Convertible Notes Indenture), the effect of which payment or other default or other event
of default described in clauses (i), (ii) or (iii) of this paragraph (e) is to cause, or to
permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of
such holder or beneficiary) to cause, with the giving of notice if required, such
Indebtedness to become due prior to its stated maturity or to become subject to a mandatory
offer to purchase by the obligor thereunder or to become payable; or (iv) default in the
observance of the covenant set forth in Section 4.2 of the Convertible Notes Indenture

 

 

and
as a result thereof the principal of the Indebtedness thereunder is accelerated in
accordance with the terms thereof and is not paid or satisfied within 3 Business Days
following such acceleration; provided that (A) a default, event or condition
described in this paragraph shall not at any time constitute an Event of Default unless, at
such time, one or more defaults or events of default of the type described in this
paragraph shall have occurred and be continuing with respect to Indebtedness the
outstanding principal amount of which exceeds in the aggregate $10,000,000, (B) an “Event
of Default” (as defined in the First Lien Credit Agreement) under the First Lien Credit
Agreement shall not constitute an Event of Default hereunder unless such “Event of Default”
under the First Lien Credit Agreement shall continue unremedied for a period of 45 days and
(C) this paragraph (e) shall not apply to (I) secured Indebtedness that becomes due as a
result of the sale, transfer, destruction or other disposition of the Property or assets
securing such Indebtedness if such sale, transfer, destruction or other disposition is not
prohibited hereunder or (II) any Guarantee Obligations except to the extent such Guarantee
Obligations shall become due and payable by any Loan Party and remain unpaid after any
applicable grace period or period permitted following demand for the payment thereof; or

     (f) (i) Holdings, the Borrower or any of its Material shall commence any case,
proceeding or other action (A) under any existing or future law of any jurisdiction,
domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of
debtors, seeking to have an order for relief entered with respect to it, or seeking to
adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
winding-up, liquidation, dissolution, composition or other relief with respect to it or its
debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other
similar official for it or for all or any substantial part of its assets, or Holdings, the
Borrower or any of its Subsidiaries (other than any Immaterial Subsidiary) shall make a
general assignment for the benefit of its creditors; or (ii) there shall be commenced
against Holdings, the Borrower or any of its Subsidiaries (other than any Immaterial
Subsidiary) any case, proceeding or other action of a nature referred to in clause (i) above
that (A) results in the entry of an order for relief or any such adjudication or appointment
or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there
shall be commenced against Holdings, the Borrower or any of its Subsidiaries
(other than any Immaterial Subsidiary) any case, proceeding or other action seeking
issuance of a warrant of attachment, execution, distraint or similar process against
substantially all of its assets that results in the entry of an order for any such relief
that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60
days from the entry thereof; or (iv) Holdings, the Borrower or any of its Subsidiaries
(other than any Immaterial Subsidiary) shall consent to or approve of, or acquiescence in,
any of the acts set forth in clause (i), (ii), or (iii) above; or (v) Holdings, the Borrower
or any of its Subsidiaries (other than any Immaterial Subsidiary) shall generally not, or
shall be unable to, or shall admit in writing its inability to, pay its debts as they become
due; or

     (g) (i) Holdings, the Borrower or any of its Subsidiaries shall incur any liability in
connection with any non-exempt “prohibited transaction” (as defined in Section 406 of ERISA
or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding

 

 

deficiency”
(as defined in Section 302 of ERISA), whether or not waived, shall exist with respect to any
Single Employer Plan or any Lien in favor of the PBGC or a Single Employer Plan shall arise
on the assets of Holdings, the Borrower or any of its Subsidiaries, (iii) a Reportable Event
shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a
trustee shall be appointed, to administer or to terminate, any Single Employer Plan, which
Reportable Event or commencement of proceedings or appointment of a trustee is reasonably
likely to result in the termination of such Single Employer Plan for purposes of Title IV of
ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v)
Holdings, the Borrower or any of its Subsidiaries shall, or is reasonably likely to, incur
any liability as a result of a withdrawal from, or the Insolvency or Reorganization of, a
Multiemployer Plan or (vi) any other event or condition (other than one which could not
reasonably be expected to result in a violation of any applicable law or of the
qualification requirements of the Code) shall occur or exist with respect to a Plan or a
Commonly Controlled Plan; and in each case in clauses (i) through (vi) above, such event or
condition, together with all other such events or conditions, if any, could reasonably be
expected to result in a direct obligation of Holdings, the Borrower or any of its
Subsidiaries to pay money that would have a Material Adverse Effect; or

     (h) One or more judgments or decrees shall be entered against Holdings, the Borrower or
any of its Material Subsidiaries involving for Holdings, the Borrower and any Material
Subsidiaries taken as a whole a liability (to the extent not paid or covered by insurance or
effective indemnity) of $10,000,000 or more, and all such judgments or decrees shall not
have been vacated, discharged, stayed or bonded pending appeal within 30 days from the entry
thereof; or

     (i) Any of the Second Lien Security Documents shall cease, for any reason (other than
by reason of the express release thereof pursuant to the Intercreditor Agreement or Section
9.15), to be in full force and effect in any material respect, or any Loan Party shall so
assert in writing, or any Lien on any material amount of Collateral created by any of the
Second Lien Security Documents shall cease in any material respect to be enforceable and of
the same effect and priority purported to be created thereby; or

     (j) (i) Holdings shall cease directly or indirectly to own 100% of the Capital Stock of
the Borrower; or (ii) if prior to an IPO, the Permitted Investors and their Affiliates shall
collectively cease to own directly or indirectly at least 50.1% of the Capital Stock of
Holdings; or (iii) after an IPO, the Permitted Investors and their Affiliates shall
collectively cease to own directly or indirectly at least 50.1% of the Capital Stock of
Holdings and any single shareholder which is not a Permitted Investor (or an Affiliate
thereof) shall own a greater amount than the Permitted Investors and their Affiliates,
collectively;

then, and in any such event, subject to the terms of the Intercreditor Agreement (A) if such event
is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with respect to the
Borrower, automatically the Commitments shall immediately terminate and the Loans hereunder (with
accrued interest thereon) and all other amounts owing under this Agreement and the other

 

 

 Second
Lien Loan Documents shall immediately become due and payable, and (B) if such event is any other
Event of Default, the following action may be taken: with the consent of the Required Lenders, the
Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent
shall, by notice to the Borrower, declare the Loans hereunder (with accrued interest thereon) and
all other amounts owing under this Agreement and the other Second Lien Loan Documents to be due and
payable forthwith, whereupon the same shall immediately become due and payable. Except as
expressly provided above in this Section or otherwise in any Second Lien Loan Document,
presentment, demand and protest of any kind are hereby expressly waived by Holdings and the
Borrower.

SECTION 8. THE AGENTS

     8.1 Appointment. Each Lender hereby irrevocably designates and appoints
each Agent as the agent of such Lender under the Second Lien Loan Documents and each such Lender
irrevocably authorizes each Agent, in such capacity, to take such action on its behalf under the
provisions of the applicable Second Lien Loan Documents and to exercise such powers and perform
such duties as are expressly delegated to such Agent by the terms of the applicable Second Lien
Loan Documents, together with such other powers as are reasonably incidental thereto.
Notwithstanding any provision to the contrary elsewhere in this Agreement, the Agents shall not
have any duties or responsibilities, except those expressly set forth herein, or any fiduciary
relationship with any Lender, and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Agreement or any other Second Lien Loan Document
or otherwise exist against the Agents.

     8.2 Delegation of Duties. Each Agent may execute any of its duties under
the applicable Second Lien Loan Documents by or through agents or attorneys-in-fact and shall be
entitled to advice of counsel concerning all matters pertaining to such duties. Neither Agent
shall be responsible for
the negligence or misconduct of any agents or attorneys in-fact selected by it with reasonable
care.

     8.3 Exculpatory Provisions. Neither Agent nor any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action
lawfully taken or omitted to be taken by it or such Person under or in connection with this
Agreement or any other Second Lien Loan Document (except to the extent that any of the foregoing
are found by a final and nonappealable decision of a court of competent jurisdiction to have
resulted from its or such Person’s own bad faith, gross negligence, bad faith or willful
misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements,
representations or warranties made by any Loan Party or any officer thereof contained in this
Agreement or any other Second Lien Loan Document or in any certificate, report, statement or other
document referred to or provided for in, or received by the Agents under or in connection with,
this Agreement or any other Second Lien Loan Document or for the value, validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Second Lien Loan Document
or for any failure of any Loan Party a party thereto to perform its obligations hereunder or
thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire
as to the observance or performance of any of the agreements contained

 

 

in, or conditions of, this
Agreement or any other Second Lien Loan Document, or to inspect the properties, books or records of
any Loan Party.

     8.4 Reliance by the Agents. The Agents shall be entitled to rely, and shall
be fully protected in relying, upon any instrument, writing, resolution, notice, consent,
certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other
document or conversation believed by it to be genuine and correct and to have been signed, sent or
made by the proper Person or Persons and upon advice and statements of legal counsel (including
counsel to Holdings and the Borrower), independent accountants and other experts selected by the
Agents. The Agents may deem and treat the payee of any Note as the owner thereof for all purposes
unless a written notice of assignment, negotiation or transfer thereof shall have been filed with
the Administrative Agent. The Agents shall be fully justified in failing or refusing to take any
action under the applicable Second Lien Loan Document unless it shall first receive such advice or
concurrence of the Required Lenders as it deems appropriate or it shall first be indemnified to its
satisfaction by the Lenders against any and all liability and expense that may be incurred by it by
reason of taking or continuing to take any such action. The Agents shall in all cases be fully
protected in acting, or in refraining from acting, under the applicable Second Lien Loan Documents
in accordance with a request of the Required Lenders, and such request and any action taken or
failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the
Loans.

     8.5 Notice of Default. Neither Agent shall be deemed to have knowledge or
notice of the occurrence of any Default or Event of Default unless such Agent has received notice
from a Lender, Holdings or the Borrower referring to this Agreement, describing such Default or
Event of Default and
stating that such notice is a “notice of default”. In the event that an Agent receives such a
notice, such Agent shall give notice thereof to the Lenders. The Agents shall take such action
with respect to such Default or Event of Default as shall be reasonably directed by the Required
Lenders; provided that unless and until an Agent shall have received such directions, such
Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default or Event of Default as it shall deem advisable in the best interests
of the Lenders.

     8.6 Non-Reliance on Agents and Other Lenders. Each Lender expressly
acknowledges that neither the Agents nor any of its officers, directors, employees, agents,
attorneys-in-fact or affiliates have made any representations or warranties to it and that no act
by the Agents hereafter taken, including any review of the affairs of a Loan Party or any affiliate
of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any
Lender. Each Lender represents to the Agents that it has, independently and without reliance upon
any Agent or any other Lender, and based on such documents and information as it has deemed
appropriate, made its own appraisal of and investigation into the business, operations, property,
financial and other condition and creditworthiness of the Loan Parties and their affiliates and
made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also
represents that it will, independently and without reliance upon any Agent or any other Lender, and
based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit analysis, appraisals and decisions in taking or not taking action under the
applicable Second Lien Loan Documents, and to make such investigation

 

 

as it deems necessary to
inform itself as to the business, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their affiliates. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the Agents hereunder, the Agents
shall not have any duty or responsibility to provide any Lender with any credit or other
information concerning the business, operations, property, condition (financial or otherwise),
prospects or creditworthiness of any Loan Party or any affiliate of a Loan Party that may come into
the possession of either Agent or any of its officers, directors, employees, agents,
attorneys-in-fact or affiliates.

     8.7 Indemnification. The Lenders agree to indemnify each Agent in its
capacity as such (to the extent not reimbursed by the Borrower and without limiting the obligation
of the Borrower to do so), ratably according to their respective Applicable Percentages in effect
on the date on which indemnification is sought under this Section (or, if indemnification is sought
after the date upon which the Loans shall have been paid in full, ratably in accordance with such
Applicable Percentages immediately prior to such date), from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind whatsoever that may at any time (whether before or after the payment of
the Loans) be imposed on, incurred by or asserted against such Agent in any way relating to or
arising out of, this Agreement, any of the other Second Lien Loan Documents or any documents
contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby
or any
action taken or omitted by such Agent under or in connection with any of the foregoing;
provided that no Lender shall be liable for the payment of any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements that are found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from such Agent’s gross negligence or willful misconduct. The
agreements in this Section shall survive the payment of the Loans and all other amounts payable
hereunder.

     8.8 Agent in Its Individual Capacity. Each Agent and its affiliates may
make loans to, accept deposits from and generally engage in any kind of business with any Loan
Party as though such Agent were not an Agent. With respect to its Loans made or renewed by it,
each Agent shall have the same rights and powers under the applicable Second Lien Loan Documents as
any Lender and may exercise the same as though it were not an Agent, and the terms “Lender” and
“Lenders” shall include each Agent in its individual capacity.

     8.9 Successor Agents. Any Agent may resign upon 30 days’ notice to the
Lenders, the Borrower and the other Agent effective upon appointment of a successor Agent. Upon
receipt of any such notice of resignation, the Required Lenders shall appoint from among the
Lenders a successor agent for the Lenders, which successor agent shall (unless an Event of Default
under Section 7(a) or Section 7(f) with respect to the Borrower shall have occurred and be
continuing) be subject to approval by the Borrower (which approval shall not be unreasonably
withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties
of such retiring Agent, and the retiring Agent’s rights, powers and duties as Agent shall be
terminated, without any other or further act or deed on the part of such retiring Agent or any of
the parties to this Agreement or any holders of the Loans. If no successor Agent shall have been
so appointed by the Required Lenders with such consent of the Borrower and shall have accepted

 

 

such
appointment within 30 days after the retiring Agent’s giving of notice of resignation, then the
retiring Agent may, on behalf of the Lenders and with the consent of the Borrower (such consent not
to be unreasonably withheld or delayed), appoint a successor Agent, that shall be a bank that has
an office in New York, New York with a combined capital and surplus of at least $500,000,000.
After any retiring Agent’s resignation as Agent, the provisions of this Section 8 shall inure to
its benefit as to any actions taken or omitted to be taken by it while it was Agent under this
Agreement and the other Second Lien Loan Documents.

     8.10 Authorization to Release Liens and Guarantees. The Agents are hereby
irrevocably authorized by each of the Lenders to effect any release or subordination of Liens or
Guarantee Obligations contemplated by Section 9.15 without further action or consent by the
Lenders.

     8.11 Arranger and Other Agents. Neither the Joint Lead Arrangers nor the Syndication Agent shall have any duties or
responsibilities hereunder in their respective capacities as such.

SECTION 9. MISCELLANEOUS

     9.1 Amendments and Waivers. Neither this Agreement, any other Second Lien
Loan Document, nor any terms hereof or thereof may be amended, supplemented or modified except in
accordance with the provisions of this Section 9.1. The Required Lenders and each Loan Party party
to the relevant Second Lien Loan Document may, or, with the written consent of the Required
Lenders, the Agents and each Loan Party to the relevant Second Lien Loan Document may, from time to
time, (a) enter into written amendments, supplements or modifications hereto and to the other
Second Lien Loan Documents for the purpose of adding any provisions to this Agreement or the other
Second Lien Loan Documents or changing in any manner the rights or obligations of the Agents, the
Lenders or of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions
as the Required Lenders or the Agents may specify in such instrument, any of the requirements of
this Agreement or the other Second Lien Loan Documents or any Default or Event of Default and its
consequences; provided, however, that no such waiver and no such amendment,
supplement or modification shall (i) forgive or reduce the principal amount or extend the final
scheduled date of maturity of any Loan, reduce the stated rate of any interest or fee payable
hereunder (except that any amendment or modification of defined terms used in the financial
covenant in this Agreement or waiver of post-default rates of interest shall not constitute a
reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled
date of any payment thereof, without the written consent of each Lender directly and adversely
affected thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section 9.1
without the written consent of such Lender; (iii) reduce any percentage specified in the definition
of Required Lenders, consent to the assignment or transfer by the Borrower of any of its rights and
obligations under this Agreement and the other Second Lien Loan Documents, release all or
substantially all of the Collateral or release all or substantially all of the Guarantors from
their obligations under the Guarantee and Collateral Agreement other than in accordance with the
Intercreditor Agreement, in each case without the written consent of all Lenders; (iv) amend,
modify or waive any

 

 

provision of paragraph (a) of Section 2.12 or paragraph (a) of Section 9.7
without the written consent of each Lender directly and adversely affected thereby; (v) reduce the
percentage specified in the definition of Required Lenders without the written consent of all
Lenders; (vi) amend, modify or waive any provision of Section 8 without the written consent of the
Agents; or (vii) amend the assignment provisions of Section 9.6(b) to make them more restrictive
without the written consent of each Lender directly and adversely affected thereby. Any such
waiver and any such amendment, supplement or modification shall apply equally to each of the
Lenders and shall be binding upon the Loan Parties, the Lenders, the Agents and all future holders
of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Agents shall be
restored to their former position and rights hereunder and under the other Second Lien Loan
Documents, and any Default or Event of Default waived shall be deemed to be cured and not
continuing unless limited by the terms of such waiver, but no such
waiver shall extend to any subsequent or other Default or Event of Default, or impair any
right consequent on any such subsequent or other Default or Event of Default.

     Notwithstanding the forgoing, in the event that the collateral agent or the other secured
parties under the First Lien Loan Documents and the relevant Loan Party enter into any amendment,
modification, waiver or consent in respect of any of the First Lien Security Documents, then such
amendment, modification, waiver or consent shall apply automatically to any comparable provisions
of the applicable Second Lien Security Documents, in each case, without the consent of any Secured
Parties and without any action by the Collateral Agent or any Loan Party; provided, that
(i) no such amendment, modification, waiver or consent shall (A) remove assets subject to the Liens
or release any such Liens under the Second Lien Security Documents, except to the extent that such
release is permitted or required by the Intercreditor Agreement and provided that there is
a concurrent release of the corresponding Liens under the First Lien Loan Documents, (B) amend,
modify or otherwise affect the rights or duties of the Collateral Agent without its prior written
consent or (C) permit Liens on the Collateral (other than Liens securing debtor-in-possession
financing) which are not permitted under the terms of the Second Lien Loan Documents or the
Intercreditor Agreement and (ii) notice of such amendment, modification waiver or consent shall be
given to the Collateral Agent promptly following the effective date of such amendment,
modification, waiver or consent (although the failure to give such notice shall in no way affect
the effectiveness of any such amendment, waiver or consent).

     In addition, notwithstanding the foregoing, this Agreement may be amended with the written
consent of the Administrative Agent, Holdings, the Borrower and the Lenders providing the relevant
Replacement Loans (as defined below) to permit the refinancing of all outstanding Loans
(“Refinanced Loans”) with a replacement term loan tranche hereunder (“Replacement
Loans”); provided that (a) the aggregate principal amount of such Replacement Loans
shall not exceed the aggregate principal amount of such Refinanced Loans plus interest and fees and
the amount of any reasonable fees and expenses incurred in connection with such refinancing, (b)
the Applicable Margin for such Replacement Loans during the period prior to the maturity of such
Refinanced Loans shall not be higher than the Applicable Margin for such Refinanced Loans, (c) the
weighted average life to maturity of such Replacement Loans shall not be shorter than the weighted
average life to maturity of such Refinanced Loans at the time of such refinancing and (d) all other
terms applicable to such Replacement Loans shall be

 

 

substantially identical to, or less favorable
to the Lenders providing such Replacement Loans than, those applicable to such Refinanced Loans,
except to the extent necessary to provide for covenants and other terms applicable to any period
after the latest final maturity of the Loans in effect immediately prior to such refinancing.

     9.2 Notices. All notices, requests and demands to or upon the respective
parties hereto to be effective shall be in writing (including by telecopy), and, unless otherwise
expressly provided herein, shall be deemed to have been duly given or made when delivered, or three
Business Days after being deposited in the mail, postage prepaid, or, in the case of telecopy
notice, when received, addressed as follows in the case of Holdings, the Borrower, the Agents, and
as set forth
in an administrative questionnaire delivered to the Administrative Agent in the case of the
Lenders, or to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 	 	 
	 

	 	Holdings:
	 	Velo Holdings Inc.
	 

	 	 	 	c/oVertrue Incorporated
	 

	 	 	 	 20 Glover Avenue
	 

	 	 	 	Norwalk, CT 06850
	 

	 	 	 	Attention: Chief Financial Officer
	 

	 	 	 	Telecopy: (203) 674-7014
	 
	 	 	 	 
	 

	 	 	 	and
	 
	 	 	 	 
	 

	 	 	 	One Equity Partners
	 

	 	 	 	 320 Park Avenue, 18th Floor
	 

	 	 	 	New York, NY 10022
	 

	 	 	 	Attention: Jamie Koven
	 

	 	 	 	Telecopy: (212) 277-1533
	 
	 	 	 	 
	 

	 	 	 	with a copy to (which shall not constitute notice to
	 

	 	 	 	Holdings):
	 
	 	 	 	 
	 

	 	 	 	Dechert LLP
	 

	 	 	 	Cira Centre
	 

	 	 	 	 2929 Arch Street
	 

	 	 	 	Philadelphia, PA 19104-2808
	 

	 	 	 	Attention: Carmen J. Romano, Esq.
	 

	 	 	 	                    Jeffrey M. Katz, Esq.
	 

	 	 	 	Telecopy: (215) 994-2222
	 
	 	 	 	 
	 

	 	The Borrower:
	 	Vertrue Incorporated
	 

	 	 	 	 20 Glover Avenue
	 

	 	 	 	Norwalk, CT 06850
	 

	 	 	 	Attention: Chief Financial Officer
	 

	 	 	 	Telecopy: (203) 674-7014

 

 

	 	 	 	 	 
	 

	 	 	 	and
	 
	 	 	 	 
	 

	 	 	 	One Equity Partners
	 

	 	 	 	 320 Park Avenue, 18th Floor
	 

	 	 	 	New York, NY 10022
	 

	 	 	 	Attention: Jamie Koven
	 

	 	 	 	Telecopy: (212) 277-1533
	 
	 	 	 	 
	 

	 	 	 	with a copy to (which shall not constitute notice to
	 

	 	 	 	the Borrower):
	 
	 	 	 	 
	 

	 	 	 	Dechert LLP
	 

	 	 	 	Cira Centre
	 

	 	 	 	2929 Arch Street
	 

	 	 	 	Philadelphia, PA 19104-2808
	 

	 	 	 	Attention: Carmen J. Romano, Esq.
	 

	 	 	 	                    Jeffrey M. Katz, Esq.
	 

	 	 	 	Telecopy: (215) 994-2222
	 
	 	 	 	 
	 

	 	Agents:
	 	Lehman Commercial Paper Inc.
	 

	 	 	 	 745 Seventh Avenue, 16th Floor
	 

	 	 	 	New York, NY 10019
	 

	 	 	 	Attention: Vertrue Portfolio Manager
	 

	 	 	 	Telecopy: (646) 834-4997
	 

	 	 	 	Telephone: (212) 526-1819

provided that any notice, request or demand to or upon the Agents, the Lenders, Holdings or
the Borrower shall not be effective until received.

     Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Agents; provided that the
foregoing shall not apply to notices pursuant to Section 2 unless otherwise agreed by the Agents
and the applicable Lender. The Agents, Holdings or the Borrower may, in their discretion, agree to
accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be limited to
particular notices or communications.

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

 

 

     9.4 Survival of Representations and Warranties. All representations and
warranties made hereunder, in the other Second Lien Loan Documents and in any document, certificate
or statement delivered pursuant hereto or in connection herewith shall survive the execution and
delivery of this Agreement and the making of the Loans and other extensions of credit hereunder.

     9.5 Payment of Expenses; Indemnification. The Borrower agrees (a) to pay or reimburse each Agent and the Joint Lead Arrangers for all
their respective reasonable and documented out-of-pocket costs and expenses incurred in connection
with the syndication of the Commitments and Loans (other than fees payable to syndicate members)
and the development, preparation, execution and delivery of this Agreement and the other Second
Lien Loan Documents and any other documents prepared in connection herewith or therewith and any
amendment, supplement or modification thereto, and, as to the Agents only, the administration of
the transactions contemplated hereby and thereby, including, without limitation, the reasonable and
documented fees and disbursements and other charges of counsel to the Agents (including one primary
counsel and such local counsel as the Agents may reasonably require in connection with collateral
matters, but no more than one counsel in any jurisdiction) in connection with all of the foregoing,
(b) to pay or reimburse each Lender, the Agents and the Joint Lead Arrangers for all their
out-of-pocket costs and expenses incurred in connection with the enforcement of any rights under
this Agreement, the other Second Lien Loan Documents and any such other documents, including,
without limitation, the fees and disbursements of counsel (including the allocated fees and
expenses of in-house counsel) to each Lender and the Agents, (c) to pay, indemnify, or reimburse
each Lender and the Agents for, and hold each Lender and the Agents harmless from, any and all
recording and filing fees and any and all liabilities with respect to, or resulting from any delay
in paying, stamp, excise and similar other taxes, if any, which may be payable or determined to be
payable in connection with the execution and delivery of, or consummation or administration of any
of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver
or consent under or in respect of, this Agreement, the other Second Lien Loan Documents and any
such other documents and (d) to pay, indemnify or reimburse each Lender, each Agent, each Joint
Lead Arranger and their respective affiliates, and their respective officers, directors, trustees,
employees, advisors, agents and controlling Persons (each, an “Indemnitee”) for, and hold
each Indemnitee harmless from and against any and all other liabilities, obligations, losses,
damages, penalties, costs, expenses or disbursements arising out of any actions, judgments or suits
of any kind or nature whatsoever, arising out of or in connection with any claim, action or
proceeding relating to or otherwise with respect to the execution, delivery, enforcement,
performance and administration of this Agreement, the other Second Lien Loan Documents and any such
other documents, including, without limitation, any of the foregoing relating to the use of
proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental
Law applicable to the operations of Holdings, the Borrower, any of its Subsidiaries or any of the
Properties and the fees and disbursements and other charges of legal counsel in connection with
claims, actions or proceedings by any Indemnitee against Holdings or the Borrower hereunder (all
the foregoing in this clause (d), collectively, the “Indemnified Liabilities”);
provided that neither Holdings nor the Borrower shall have any obligation hereunder to any
Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities are
found by a final and nonappealable decision of a court of competent jurisdiction to have resulted
from the bad faith, gross negligence or willful

 

 

misconduct of, such Indemnitee or its affiliates,
officers, directors, trustees, employees, advisors, agents or controlling Persons. All amounts due
under this Section 9.5 shall be payable promptly after receipt of a reasonably detailed invoice
therefor. Statements payable by the Borrower pursuant to this Section 9.5 shall be submitted to
the Borrower at the address thereof set forth in Section 9.2, or to such other Person or address as
may be hereafter designated by the Borrower in
a written notice to the Administrative Agent. The agreements in this Section 9.5 shall
survive repayment of the Obligations.

     9.6 Successors and Assigns; Participations and Assignments. (a) The provisions
of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that (i) the Borrower may not assign or
otherwise transfer any of its rights or obligations hereunder (other than pursuant to the Merger)
without the prior written consent of each Lender (and any attempted assignment or transfer by the
Borrower (other than pursuant to the Merger) without such consent shall be null and void) and (ii)
no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance
with this Section 9.6, and in no event to certain Persons identified to the Administrative Agent by
the Borrower in writing prior to the Closing Date.

     (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may
assign to one or more assignees, except to certain Persons designated in writing by the Borrower to
the Administrative Agent prior to the Closing Date (each, an “Assignee”), all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Commitments
and the Loans at the time owing to it) with the prior written consent (such consent not to be
unreasonably withheld or delayed) of:

     (A) the Borrower; provided that no consent of the Borrower shall be required
for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund (as defined below)
or, if an Event of Default under Section 7(a) or (f) has occurred and is continuing, any
other Person; and

     (B) the Administrative Agent.

     (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitments or Loans, the amount of the Commitments or Loans of the assigning Lender subject
to each such assignment (determined as of (I) the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent or (II) if earlier, the
“trade date” (if any) specified in such Assignment and Assumption) shall not be less than
$1,000,000 unless the Borrower and the Administrative Agent otherwise consent;
provided that (1) no such consent of the Borrower shall be required if an Event of
Default under Section 7(a) or (f) has occurred and is continuing and (2) such amounts shall
be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any;

 

 

     (B) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500
(which shall not be payable by Holdings or any of its Affiliates); provided that
only one such fee shall be payable in the case of contemporaneous assignments to or by two
or more related Approved Funds; and

     (C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an administrative questionnaire.

     For the purposes of this Section 9.6, “Approved Fund” means any Person (other than a
natural person) that is engaged in making, purchasing, holding or investing in bank loans and
similar extensions of credit in the ordinary course and that is administered or managed by (a) a
Lender, (b) an Affiliate of a Lender or (c) (i) an entity or an Affiliate of an entity that
administers or manages a Lender or (ii) an entity or an Affiliate of an entity that is the
investment advisor to a Lender.

     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from
and after the effective date specified in each Assignment and Assumption the Assignee thereunder
shall be a party hereto and, to the extent of the interest assigned by such Assignment and
Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption,
be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such
Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 2.13, 2.14, 2.15 and 9.5). Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 9.6 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with paragraph (c) of this Section 9.6.

     (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall
maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the Commitments of, and
principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time
(the “Register”). Holdings, the Borrower, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement (and the entries in the Register shall be conclusive
for such purposes), notwithstanding notice to the contrary. The Register shall be available for
inspection by Holdings, the Borrower and any Lender, at any reasonable time and from time to time
upon reasonable prior notice.

     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning
Lender and an Assignee, the Assignee’s completed administrative questionnaire (unless the Assignee
shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph
(b) of this Section 9.6 and any written consent to such assignment required by paragraph (b) of
this Section 9.6, the Administrative Agent shall accept such

 

 

Assignment and Assumption and record
the information contained therein in the Register. No assignment shall be effective for purposes
of this Agreement unless it has been recorded in the Register as provided in this paragraph.

     (c) (i) Any Lender may, without the consent of the Borrower or the Administrative Agent,
sell participations to one or more banks or other entities (a “Participant”), but in any
event not to certain Persons identified to the Administrative Agent by the Borrower prior to the
Closing Date, in all or a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its Commitments and the Loans owing to it); provided that
(A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations and
(C) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement pursuant to which a Lender sells such a participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such agreement may
provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver that (1) requires the consent of each Lender directly and adversely affected
thereby pursuant to the proviso to the second sentence of Section 9.1 and (2) directly affects such
Participant. Subject to paragraph (c)(ii) of this Section 9.6, the Borrower agrees that each
Participant shall be entitled to the benefits of Sections 2.13, 2.14 and 2.15 to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this
Section 9.6.

     (ii) A Participant shall not be entitled to receive any greater payment under Section 2.13 or
2.14 than the applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to such Participant is
made with the Borrower’s prior written consent to such greater amounts. No Participant shall be
entitled to the benefits of Section 2.14 unless such Participant complies with Section 2.14(d) or
(e), as (and to the extent) applicable, as if such Participant were a Lender.

     (d) Any Lender may, without the consent of or notice to the Administrative Agent or the
Borrower, at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement to secure obligations of such Lender, including any pledge or assignment to
secure obligations to a Federal Reserve Bank, and this Section 9.6 shall not apply to any such
pledge or assignment of a security interest; provided that no such pledge or assignment of
a security interest shall release a Lender from any of its obligations hereunder or substitute any
such pledgee or Assignee for such Lender as a party hereto. The Borrower, upon receipt of written
notice from the relevant Lender, agrees to issue Notes to any Lender requiring Notes to facilitate
transactions of the type described in this paragraph (d).

     9.7 Adjustments; Set-off. (a) Except to the extent that this Agreement
provides for payments to be allocated to a particular Lender or to the Lenders, if any Lender (a
“Benefitted Lender”) shall at any time receive any payment of all or part of the
Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or
involuntarily, by

 

 

setoff, pursuant to events or proceedings of the nature referred to in Section
7(f), or otherwise) in a greater proportion than any such payment to or collateral received by any
other Lender, if any, in respect of such other
Lender’s Obligations, such Benefitted Lender shall purchase for cash from the other Lenders a
participating interest in such portion of each such other Lender’s Obligations, or shall provide
such other Lenders with the benefits of any such collateral, as shall be necessary to cause such
Benefitted Lender to share the excess payment or benefits of such collateral ratably with each of
the Lenders; provided, however, that if all or any portion of such excess payment
or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded,
and the purchase price and benefits returned, to the extent of such recovery, but without interest.

     (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower, any such notice being expressly waived by
the Borrower to the extent permitted by applicable law, upon any amount becoming due and payable
by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) after
the expiration of any cure or grace periods, to set off and appropriate and apply against such
amount any and all deposits (general or special, time or demand, provisional or final but
excluding trust accounts, employee benefit accounts, payroll and withholding accounts and the
like), in any currency, and any other credits, indebtedness or claims, in any currency, in each
case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held
or owing by such Lender or any branch or agency thereof to or for the credit or the account of
the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative Agent
after any such setoff and application made by such Lender; provided that the failure to
give such notice shall not affect the validity of such setoff and application.

     9.8 Counterparts. This Agreement may be executed by one or more of the
parties to this Agreement on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument. Delivery of an executed
signature page of this Agreement or Lender Addendum by facsimile transmission or by electronic mail
in “portable document format” shall be effective as delivery of a manually executed counterpart
hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the
Borrower and the Administrative Agent.

     9.9 Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

     9.10 Integration. This Agreement and the other Second Lien Loan Documents
represent the entire agreement of Holdings, the Borrower, the Agents and the Lenders with respect
to the subject matter hereof and thereof.

     9.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AGREEMENT SHALL BE

 

 

GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK.

     9.12 Submission to Jurisdiction; Waivers. Each of Holdings and the Borrower
hereby irrevocably and unconditionally:

     (a) submits for itself and its Property in any legal action or proceeding relating to
this Agreement and the other Second Lien Loan Documents to which it is a party, or for
recognition and enforcement of any judgment in respect thereof, to the non-exclusive general
jurisdiction of the courts of the State of New York, the courts of the United States for the
Southern District of New York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to it at its address set forth in Section 9.2 or at such other
address of which the Administrative Agent shall have been notified pursuant thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this Section any special,
exemplary, punitive or consequential damages.

     9.13 Acknowledgments. Each of Holdings and the Borrower hereby acknowledges
that:

     (a) it has been advised by counsel in the negotiation, execution and delivery of this
Agreement and the other Second Lien Loan Documents;

     (b) neither the Agents nor any Lender has any fiduciary relationship with or duty to
either of Holdings or the Borrower arising out of or in connection with this Agreement or
any of the other Second Lien Loan Documents, and the relationship between the
Agents and Lenders, on one hand, and Holdings and the Borrower, on the other hand, in
connection herewith or therewith is solely that of debtor and creditor; and

     (c) no joint venture is created hereby or by the other Second Lien Loan Documents or
otherwise exists by virtue of the transactions contemplated hereby among the Lenders or
among Holdings, the Borrower and the Lenders.

 

 

     9.14 Confidentiality. The Agents and the Lenders agree to treat any and all
information, regardless of the medium or form of communication, that is disclosed, provided or
furnished, directly or indirectly, by or on behalf of Holdings or any of its affiliates, whether in
writing, orally, by observation or otherwise and whether furnished before or after the Closing Date
(“Confidential Information”), strictly confidential and not to use Confidential Information
for any purpose other than evaluating the Transactions and negotiating, making available,
syndicating and administering this Agreement (the “Agreed Purposes”). Without limiting the
foregoing, each Agent and each Lender agrees to maintain the confidentiality of all Confidential
Information, and each Agent and each Lender agrees not to disclose Confidential Information, at any
time, in any manner whatsoever, directly or indirectly, to any other Person whomsoever, except (1)
to its directors, officers, employees, counsel, trustees and other representatives (collectively,
the “Representatives”), to the extent necessary to permit such Representatives to assist in
connection with the Agreed Purposes, (2) to prospective Lenders and participants in connection with
the syndication (including secondary trading) of the Commitments and Loans hereunder, in each case
who are informed of the confidential nature of the information and agree to observe and be bound by
standard confidentiality terms, (3) upon the request or demand of any Governmental Authority having
jurisdiction over it, (4) in response to any order of any Governmental Authority or as may
otherwise be required pursuant to any Requirement of Law, (5) to the extent reasonably required or
necessary, in connection with any litigation or similar proceeding relating to the Commitments and
Loans, (6) that has been publicly disclosed other than in breach of this Section 9.14, (7) to the
National Association of Insurance Commissioners or any similar organization or any nationally
recognized rating agency that requires access to information about a Lender’s investment portfolio
in connection with ratings issued with respect to such Lender or (8) to the extent reasonably
required or necessary, in connection with the exercise of any remedy under the Second Lien Loan
Documents.

     9.15 Release of Collateral and Guarantee Obligations; Subordination of
Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Second
Lien Loan Document, upon request of the Borrower in connection with any Disposition of Property
permitted by the Second Lien Loan Documents or permitted by the Required Lenders, the Collateral
Agent shall (without notice to, or vote or consent of, any Lender, or contingent or indemnification
obligations not then due) take such actions as shall be required to release its security interest
in any Collateral being Disposed of in such Disposition, and to release any Guarantee Obligations
under any Second Lien Loan Document of any Person being Disposed of in such Disposition, to the
extent necessary to permit consummation of such Disposition in accordance with the Second Lien Loan
Documents. Any representation, warranty
or covenant contained in any Second Lien Loan Document relating to any such Property so
Disposed of (other than Property Disposed of to the Borrower or any of its Subsidiaries) shall no
longer be deemed to be repeated once such Property is so Disposed of.

     (b) Notwithstanding anything to the contrary contained herein or any other Second Lien Loan
Document, when all Obligations (other than any contingent or indemnification obligations not then
due) have been paid in full, upon request of the Borrower, the Collateral Agent shall (without
notice to, or vote or consent of, any Lender) take such actions as shall be required to release its
security interest in all Collateral, and to release all Guarantee Obligations under any Second Lien
Loan Document, whether or not on the date of such release

 

 

there may be outstanding contingent or
indemnification obligations not then due. Any such release of Guarantee Obligations shall be
deemed subject to the provision that such Guarantee Obligations shall be reinstated if after such
release any portion of any payment in respect of the Obligations guaranteed thereby shall be
rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution,
liquidation or reorganization of the Borrower or any Guarantor, or upon or as a result of the
appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the
Borrower or any Guarantor or any substantial part of its property, or otherwise, all as though such
payment had not been made. If the collateral agent under the First Lien Loan Documents, for itself
or on behalf of any of the secured parties under the First Lien Loan Documents, releases any of its
Liens on any part of the Collateral, or of any Loan Party from its guaranty of the First Lien
Obligations, other than in connection with the discharge in full of such First Lien Obligations,
then the Liens, if any, of the Collateral Agent, for itself or for the benefit of the Secured
Parties, on such Collateral or of any Loan Party from its guaranty of the Obligations shall be
automatically, unconditionally and simultaneously released and the Collateral Agent, for itself or
on behalf of any such Secured Parties, promptly shall execute and deliver to the collateral agent
under the First Lien Loan Documents or such Loan Party, at the sole cost and expense of such Loan
Party, such termination statements, releases and other documents as the collateral agent under the
First Lien Loan Documents or such Loan Party may request to effectively confirm such release.

     (c) Notwithstanding anything to the contrary contained herein or in any other Second Lien
Loan Document, upon request of the Borrower in connection with any Liens permitted by the Second
Lien Loan Documents or permitted to be incurred by the Required Lenders, the Collateral Agent shall
(without notice to, or vote or consent of, any Lender) take such actions as shall be required to
subordinate the Lien on any Collateral to any Lien permitted under Section 6.2.

     9.16 Accounting Changes. In the event that any Accounting Change (as
defined below) shall occur and such change results in a change in the method of calculation of the
financial covenant, standards or terms in this Agreement, then Holdings and the Agents agree to
enter into negotiations in order to amend such provisions of this Agreement so as to equitably
reflect such Accounting Changes with the desired result that the criteria for evaluating Holdings’
financial condition shall be the same after such Accounting Changes as if such Accounting Changes
had not been made. Until such time as such an amendment shall have been executed and delivered by
Holdings, the
Agents and the Required Lenders, the financial covenant and all standards and terms in this
Agreement shall continue to be calculated or construed as if such Accounting Changes had not
occurred. “Accounting Changes” refers to changes in accounting principles required by the
promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting
Standards Board of the American Institute of Certified Public Accountants or, if applicable, the
SEC.

     9.17 WAIVERS OF JURY TRIAL. EACH OF HOLDINGS, THE BORROWER, THE AGENTS AND
THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR
PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

 

     9.18 USA PATRIOT ACT. Each Lender hereby notifies the Loan Parties that
pursuant to the requirements of the USA Patriot Act (Title III of Publ. 107-56 (signed into law
October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that
identifies the Loan Parties, which information includes the name and address of the Borrower and
other information that will allow such Lender to identify the Loan Parties in accordance with the
Act.

     9.19 Intercreditor Agreement. Notwithstanding anything herein to the contrary,
the lien and security interest granted to the Collateral Agent pursuant to any Second Lien Loan
Document and the exercise of any right or remedy by the Collateral Agent hereunder or under any
other Second Lien Loan Document are subject to the provisions of the Intercreditor Agreement. In
the event of any conflict between the terms of the Intercreditor Agreement, this Agreement and any
other Second Lien Loan Document, the terms of the Intercreditor Agreement shall govern and control
with respect to any right or remedy. Without limiting the generality of the foregoing, and
notwithstanding anything herein to the contrary, all rights and remedies of the Collateral Agent
(and the Secured Parties) shall be subject to the terms of the Intercreditor Agreement, and until
the Discharge of the First Lien Obligations (as defined in the Intercreditor Agreement), (i) no
Loan Party shall be required hereunder or under any other Second Lien Loan Document to take any
action that is inconsistent with such Loan Parties’ obligations under the First Lien Loan Documents
and (ii) any obligation of any Loan Party hereunder or under any other Second Lien Loan Document
with respect to the delivery or control of any Collateral, the novation of any lien on any
certificate of title, bill of lading or other document, the giving of any notice to any bailee or
other Person, the provision of voting rights or the obtaining of any consent of any Person shall be
deemed to be satisfied if the Loan Party complies with the requirements of the similar provision of
the applicable First Lien Loan Document. Until the Discharge of the First Lien Obligations (as
defined in the Intercreditor Agreement), the Collateral Agent may not require any Loan Party to
take any action
(or omit to take any action) with respect to the creation, perfection or priority of its security
interest, whether pursuant to the express terms hereof or of any other Second Lien Loan Document or
pursuant to the further assurances provisions hereof or any other Second Lien Loan Document, unless
the collateral agent under the First Lien Loan Documents shall have required such Loan Party to
take similar action (or omitted to take such similar action), and delivery of any Collateral to the
collateral agent under the First Lien Loan Documents pursuant to the First Lien Loan Documents
shall satisfy any delivery requirement hereunder or under any other Second Lien Loan Document.

     9.20 Delivery of Lender Addenda. Each Lender (other than any Lender whose name
appears on the signature pages to this Agreement) shall become a party to this Agreement by
delivering to the Agents a Lender Addendum duly executed by such Lender.

 

 

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

	 	 	 	 	 	 	 
	 	 	VELO HOLDINGS INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James Koven	 	 
	 

	 	 	 	 

Name: James Koven

Title: Secretary
	 	 
	 
	 	 	 	 	 	 
	 	 	VELO ACQUISITION INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James Koven	 	 
	 

	 	 	 	 

Name: James Koven

Title: Secretary
	 	 
	 
	 	 	 	 	 	 
	 	 	VERTRUE INCORPORATED	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James Duffy	 	 
	 

	 	 	 	 

Name: James Duffy

Title: Secretary
	 	 

 

 

	 	 	 	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC.,

as Administrative Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Laurie Perper	 	 
	 

	 	 	 	 

Name: Laurie Perper

Title: Senior Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	LEHMAN COMMERCIAL PAPER INC.,

as Collateral Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Laurie Perper	 	 
	 

	 	 	 	 

Name: Laurie Perper

Title: Senior Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.,

as Syndication Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Ann B. Kerns	 	 
	 

	 	 	 	 

Name: Ann B. Kerns

Title: Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	LEHMAN BROTHERS INC.,

as Joint Lead Arranger and Joint Bookrunner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Laurie Perper	 	 
	 

	 	 	 	 

Name: Laurie Perper

Title: Senior Vice President
	 	 
	 
	 	 	 	 	 	 
	 	 	J.P. MORGAN SECURITIES INC.,

as Joint Lead Arranger and Joint Bookrunner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Earl E. Dowling	 	 
	 

	 	 	 	 

Name: Earl E. Dowling

Title: Vice President

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