Document:

exv10w1

Exhibit 10.1

ASSET PURCHASE AGREEMENT

dated as of September 15, 2009

by and among

BioClinica, Inc.

BioClinica Acquisition, Inc.

and

Tourtellotte Solutions, Inc.

 

 

TABLE OF CONTENTS

	 	 	 
	 	 	Page
	ARTICLE I    DEFINITIONS
	 	1
	 
	 	 
	1.1    Definitions
	 	1
	 
	 	 
	ARTICLE II    PURCHASE AND SALE
	 	5
	 
	 	 
	2.1    Purchase and Sale of the Purchased Assets
	 	5
	 
	 	 
	2.2    Excluded Assets
	 	6
	 
	 	 
	2.3    Assumed Liabilities
	 	7
	 
	 	 
	2.4    Excluded Liabilities
	 	7
	 
	 	 
	2.5    Purchase Price
	 	8
	 
	 	 
	2.6    Purchase Price Adjustment
	 	11
	 
	 	 
	2.7    Allocation
	 	13
	 
	 	 
	2.8    Consents
	 	14
	 
	 	 
	ARTICLE III    CLOSING
	 	15
	 
	 	 
	3.1    Closing Date
	 	15
	 
	 	 
	3.2    Deliveries by Seller at the Closing
	 	15
	 
	 	 
	3.3    Deliveries by Buyer at the Closing
	 	16
	 
	 	 
	ARTICLE IV    REPRESENTATIONS AND WARRANTIES OF SELLER
	 	17
	 
	 	 
	4.1    Organization and Good Standing
	 	17
	 
	 	 
	4.2    Authority and Enforceability
	 	17
	 
	 	 
	4.3    No Conflicts; Consents
	 	17
	 
	 	 
	4.4    Financial Statements
	 	18
	 
	 	 
	4.5    No Undisclosed Liabilities
	 	19
	 
	 	 
	4.6    Inventory
	 	19
	 
	 	 
	4.7    Accounts Receivable
	 	19
	 
	 	 
	4.8    Taxes
	 	20
	 
	 	 
	4.9    Compliance with Law
	 	22
	 
	 	 
	4.10   Business Authorizations
	 	23
	 
	 	 
	4.11   Title to Personal Properties
	 	23
	 
	 	 
	4.12   Condition of Tangible Assets
	 	24
	 
	 	 
	4.13   Real Property
	 	24
	 
	 	 
	4.14   Intellectual Property
	 	25

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TABLE OF CONTENTS

(continued)

	 	 	 
	 	 	Page
	4.15   Absence of Certain Changes or Events
	 	30
	 
	 	 
	4.16   Contracts.
	 	31
	 
	 	 
	4.17   Sufficiency of Purchased Assets
	 	34
	 
	 	 
	4.18   Litigation
	 	34
	 
	 	 
	4.19   Employee Benefits
	 	34
	 
	 	 
	4.20   Labor and Employment Matters
	 	37
	 
	 	 
	4.21   Environmental
	 	38
	 
	 	 
	4.22   Insurance
	 	41
	 
	 	 
	4.23   Product Warranty
	 	41
	 
	 	 
	4.24   Suppliers and Customers
	 	42
	 
	 	 
	4.25   Solvency
	 	43
	 
	 	 
	4.26   Brokers or Finders
	 	43
	 
	 	 
	4.27   Completeness of Disclosure
	 	43
	 
	 	 
	ARTICLE V    REPRESENTATIONS AND WARRANTIES OF BUYER AND
PARENT
	 	43
	 
	 	 
	5.1    Organization and Good Standing
	 	44
	 
	 	 
	5.2    Authority and Enforceability
	 	44
	 
	 	 
	5.3    No Conflicts; Consents
	 	44
	 
	 	 
	5.4    Litigation
	 	45
	 
	 	 
	5.5    Availability of Funds
	 	45
	 
	 	 
	5.6    Brokers or Finders
	 	45
	 
	 	 
	ARTICLE VI    COVENANTS OF BUYER, PARENT AND SELLER
	 	45
	 
	 	 
	6.1    Regulatory Approvals
	 	45
	 
	 	 
	6.2    Public Announcements
	 	46
	 
	 	 
	6.3    Names
	 	46
	 
	 	 
	6.4    Employees
	 	46
	 
	 	 
	6.5    Taxes
	 	48
	 
	 	 
	6.6    [intentionally omitted]
	 	48
	 
	 	 
	6.7    Bulk Sales Laws
	 	49
	 
	 	 
	6.8    Discharge of Business Obligations After Closing
	 	49
	 
	 	 
	6.9    Access to Books and Records
	 	49

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TABLE OF CONTENTS

(continued)

	 	 	 
	 	 	Page
	6.10   Confidentiality
	 	50
	 
	 	 
	6.11   Release of Liens
	 	50
	 
	 	 
	6.12   Consents
	 	50
	 
	 	 
	6.13   Restrictive Covenants
	 	50
	 
	 	 
	6.14   Further Assurances
	 	51
	 
	 	 
	6.15   Parent Guaranty
	 	52
	 
	 	 
	ARTICLE VII    CONDITIONS TO CLOSING
	 	52
	 
	 	 
	7.1    Conditions to Obligations of Buyer and Seller
	 	52
	 
	 	 
	7.2    Conditions to Obligation of Buyer
	 	52
	 
	 	 
	7.3    Conditions to Obligation of Seller
	 	54
	 
	 	 
	ARTICLE
VIII   INDEMNIFICATION
	 	55
	 
	 	 
	8.1    Survival
	 	55
	 
	 	 
	8.2    Indemnification by Seller
	 	56
	 
	 	 
	8.3    Indemnification by Buyer and Parent
	 	57
	 
	 	 
	8.4    Indemnification Procedures for Third Party Claims
	 	58
	 
	 	 
	8.5    Indemnification Procedures for Non-Third Party Claims
	 	61
	 
	 	 
	8.6    Escrow Fund
	 	61
	 
	 	 
	8.7    Effect of Investigation; Waiver
	 	61
	 
	 	 
	8.8    Sole and Exclusive Remedy
	 	62
	 
	 	 
	8.9    No Double Recovery
	 	62
	 
	 	 
	ARTICLE IX    MISCELLANEOUS
	 	62
	 
	 	 
	9.1   Notices
	 	62
	 
	 	 
	9.2   Amendments and Waivers
	 	63
	 
	 	 
	9.3   Expenses
	 	64
	 
	 	 
	9.4   Successors and Assigns
	 	64
	 
	 	 
	9.5   Governing Law
	 	64
	 
	 	 
	9.6   Consent to Jurisdiction
	 	64
	 
	 	 
	9.7   Counterparts
	 	65
	 
	 	 
	9.8   Third Party Beneficiaries
	 	65
	 
	 	 
	9.9    Entire Agreement
	 	65

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TABLE OF CONTENTS

(continued)

	 	 	 
	 	 	Page
	9.10    Captions
	 	65
	 
	 	 
	9.11    Severability
	 	66
	 
	 	 
	9.12    Specific Performance
	 	66
	 
	 	 
	9.13    Interpretation
	 	66

	 
	EXHIBITS

	 

	Exhibit A    Bill of Sale

	 

	Exhibit B    Assignment and Assumption Agreement

	 

	Exhibit C    [Intentionally Omitted]

	 

	Exhibit D    [Intentionally Omitted]

	 

	Exhibit E    [Intentionally Omitted]

	 

	Exhibit F    Confidentiality, Assignment of Invention, Non-Competition and Non-Solicitation Agreement (Edward Tourtellotte)

	 

	Exhibit G    Confidentiality, Assignment of Invention, Non-Competition
and Non-Solicitation Agreement (Transferred Employees)

	 

	Exhibit H    Opinion of Foley Hoag LLP

	 

	Exhibit I      Form of Escrow Agreement

	 

	SCHEDULES

	 

	Schedule  1.1       Definition of Trident Product

	 

	Schedule 2.1(e)    Assigned Contracts

	 

	Schedule 2.1(f)    Accounts Receivable

	 

	Schedule 2.2(d)    Excluded Assets

	 

	Schedule 2.3 (a)   Assumed Liabilities

	 

	Schedule 2.5(a)    Purchase Price Wires

iv

 

ASSET PURCHASE AGREEMENT

     ASSET PURCHASE AGREEMENT, dated as of September 15, 2009 (the “Agreement”), by and among
BioClinica, Inc., a Delaware corporation (“Parent”), BioClinica Acquisition, Inc., a Delaware
corporation (the “Buyer”), and Tourtellotte Solutions, Inc., a Massachusetts corporation
(“Seller”).

     WHEREAS, Seller is engaged in the business of developing, marketing, selling and distributing
software to and providing services for the pharmaceutical, biotechnology and medical device
industries (as currently conducted or currently in development by Seller, the “Business”); and

     WHEREAS, Buyer is a wholly-owned subsidiary of Parent; and

     WHEREAS, the parties desire that Seller sell, assign, transfer, convey and deliver to Buyer,
and that Buyer purchase and acquire from Seller, all of the right, title and interest of Seller in
and to the Purchased Assets (as hereinafter defined), and that Buyer assume the Assumed Liabilities
(as hereinafter defined), upon the terms and subject to the conditions of this Agreement.

     NOW, THEREFORE, in consideration of the foregoing premises and the respective representations
and warranties, covenants and agreements contained herein, the parties hereto agree as follows:

ARTICLE I

DEFINITIONS

     1.1 Definitions. When used in this Agreement, the following terms shall have the
meanings assigned to them in this Article I or in the applicable Section of this Agreement to which
reference is made in this Article I.

“Accounts Receivable” means (a) any trade accounts receivable and other rights to payment from
customers of the Business (whether billed or unbilled, or accrued and not yet invoiced) and (b) any
other account or note receivable Related to the Business, together with, in each case, the full
benefit of any security interest of Seller therein.

“Affiliate” means, with respect to any specified Person, any other Person directly or indirectly
controlling, controlled by or under common control with such specified Person.

“Ancillary Agreements” means the Bill of Sale, the Assignment and Assumption Agreement, the Escrow
Agreement and the other agreements, instruments and documents delivered at the Closing.

“Authorization” means any authorization, approval, consent, certificate, license, permit or
franchise of or from any Governmental Entity or pursuant to any Law.

 

 

“Benefit Plan” means (a) any “employee benefit plan” as defined in ERISA Section 3(3), including
any (i) nonqualified deferred compensation or retirement plan or arrangement which is an Employee
Pension Benefit Plan (as defined in ERISA Section 3(2)), (ii) qualified defined contribution
retirement plan or arrangement which is an Employee Pension Benefit Plan, (iii) qualified defined
benefit retirement plan or arrangement which is an Employee Pension Benefit Plan (including any
Multiemployer Plan (as defined in ERISA Section 3(37)) and (iv) Employee Welfare Benefit Plan (as
defined in ERISA Section 3(1)) or material fringe benefit plan or program, or (b) stock purchase,
stock option, severance pay, employment, change-in-control, vacation pay, company awards, salary
continuation, sick leave, excess benefit, bonus or other incentive compensation, employer-provided
life insurance, or other employee benefit plan, contract, program, policy or other arrangement,
whether or not subject to ERISA.

“Books and Records” means books of account, general, financial, warranty and shipping records,
invoices, supplier lists, product specifications, product formulations, drawings, correspondence,
engineering, maintenance, operating and production records, advertising and promotional materials,
credit records of customers and other documents, records and files, in each case Related to the
Business, including books and records relating to Seller Intellectual Property and the employee and
personnel records of the Transferred Employees.

“Business Day” means a day other than a Saturday, Sunday or other day on which banks located in New
York City are authorized or required by Law to close.

“Business Employee” means any individual employed by Seller in or in connection with the Business.

“Capital Stock” means (a) in the case of a corporation, its shares of capital stock, (b) in the
case of a partnership or limited liability company, its partnership or membership interests or
units (whether general or limited), and (c) any other interest that confers on a Person the right
to receive a share of the profits and losses of, or distribution of assets, of the issuing entity.

“Change of Control” means, with respect to any entity (i) acquisition of beneficial ownership of
either (a) 50% or more of the outstanding shares of common stock of the company, or (b) 50% or
more of the total voting power of the then-outstanding voting securities entitled to vote generally
on the election of directors, (ii) a reorganization, merger, consolidation, sale of all or
substantially all of the assets of the company, or the acquisition of the assets or stock of
another entity, unless following such business combination the beneficial owners of the outstanding
shares of common stock of the company and the outstanding company voting securities own, directly
or indirectly, 50% of the outstanding common stock and combined voting power of the surviving
entity (including a surviving entity that owns the company or all or substantially all of the
company’s assets directly or through a subsidiary) in substantially the same proportions as their
ownership prior to the business combination, or (iii) approval by the stockholders of a complete
liquidation or dissolution of the company.

2

 

“Charter Documents” means, with respect to any entity, the certificate of incorporation, the
articles of incorporation, by-laws, articles of organization, limited liability company agreement,
partnership agreement, formation agreement, joint venture agreement or other similar organizational
documents of such entity (in each case, as amended).

“Code” means the Internal Revenue Code of 1986.

“Contract” means any agreement, contract, license, lease, commitment, arrangement or understanding,
written or oral, including any sales order or purchase order.

“Debt Securities” means (a) securities evidencing Indebtedness, and (b) options, warrants, purchase
rights, subscription rights, conversion rights, exchange rights or other Contracts that, directly
or indirectly, could require the issuer thereof to issue, sell or otherwise cause to become
outstanding the securities described in clause (a).

“Equipment” means machinery, fixtures, furniture, supplies, accessories, materials, equipment,
parts, automobiles, trucks, vehicles, tooling, tools, molds, office equipment, computers,
telephones and all other items of tangible personal property, in each case Related to the Business.

“Equity Securities” means (a) shares of Capital Stock and (b) options, warrants, purchase rights,
subscription rights, conversion rights, exchange rights or other Contracts that, directly or
indirectly, could require the issuer thereof to issue, sell or otherwise cause to become
outstanding shares of such issuer’s Capital Stock.

“ERISA” means the Employee Retirement Income Security Act of 1974.

“ERISA Affiliate” means any entity which is a member of a “controlled group of corporations” with,
under “common control” with or a member of an “affiliated services group” with, Seller, as defined
in Section 414(b), (c), (m) or (o) of the Code.

“GAAP” means generally accepted accounting principles in the United States.

“Governmental Entity” means any entity or body exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to United States federal, state, local, or
municipal government, foreign, international, multinational or other government, including any
department, commission, board, agency, bureau, subdivision, instrumentality, official or other
regulatory, administrative or judicial authority thereof, and any non-governmental regulatory body
to the extent that the rules and regulations or orders of such body have the force of Law.

“Indebtedness” means any of the following: (a) any indebtedness for borrowed money, (b) any
obligations evidenced by bonds, debentures, notes or other similar instruments, (c) any obligations
to pay the deferred purchase price of property or services, except trade accounts payable and other
current Liabilities arising in the ordinary course of the Business, (d) any obligations as lessee
under capitalized leases, (e) any indebtedness created or arising under any conditional sale or
other title retention agreement with respect to acquired property, (f) any obligations, contingent
or otherwise, under

3

 

acceptance credit, letters of credit or similar facilities, and (g) any guaranty of any of the
foregoing.

“Indemnitee” means any Person that is seeking indemnification from an Indemnitor pursuant to the
provisions of this Agreement.

“Indemnitor” means any party hereto from which any Indemnitee is seeking indemnification pursuant
to the provisions of this Agreement.

“Inventory” means all raw materials, work-in-process, finished goods, supplies, spare parts and
other inventories Related to the Business, including all such items (a) located on the Real
Property, (b) in transit from suppliers of the Business, (c) held for delivery by suppliers of the
Business, or (d) held on consignment by third parties.

“Knowledge” of any party or any similar phrase means, with respect to any fact or matter, the
actual knowledge of the director and executive officers of such party, together with such knowledge
that any such individual could reasonably be expected to discover after due investigation
concerning the existence of the fact or matter in question.

“Law” means any statute, law (including common law), constitution, treaty, ordinance, code, order,
decree, judgment, rule, regulation and any other binding requirement or determination of any
Governmental Entity.

“Lien” means, with respect to any property or asset, any mortgage, lien, pledge, charge, security
interest, adverse claim or other encumbrance in respect of such property or asset.

“Order” means any award, injunction, judgment, decree, order, ruling, subpoena or verdict or other
decision issued, promulgated or entered by or with any Governmental Entity of competent
jurisdiction.

“Parent Common Stock” means the unregistered common stock of Parent, $0.00025 par value per share,
or such other consideration or securities as may be exchanged for Parent Common Stock upon a Change
of Control of the Parent.

“Permitted Liens” means (a) Liens for current real or personal property Taxes not yet due and
payable, or which are being disputed in good faith, in each case with respect to which Seller
maintains adequate reserves, (b) workers’, carriers’ and mechanics’ or other like Liens incurred in
the ordinary course of the Business with respect to which payment is not due and that do not impair
the conduct of the Business or the present or proposed use of the affected property and (c) Liens
that are immaterial in character, amount, and extent and which do not detract from the value or
interfere with the present or proposed use of the properties they affect.

“Person” means an individual, a corporation, a partnership, a limited liability company, a trust,
an unincorporated association, a Governmental Entity or any other entity or body.

“Pre-Closing Environmental Liabilities” means Liabilities arising out of (a) the ownership or
operation of the Business at any time on or prior to the Closing or (b) the

4

 

ownership, operation or condition of the Real Property or any other real property currently or
formerly owned, operated or leased by Seller Related to the Business at any time on or prior to the
Closing, in each case to the extent based upon or arising out of (i) Environmental Law, (ii) a
failure to obtain, maintain or comply with any Environmental Permit, (iii) a Release of any
Hazardous Substance, or (iv) the use, generation, storage, transportation, treatment, sale or other
off-site disposal of Hazardous Substances.

“Related to the Business” means used, held for use or acquired or developed for use in the Business
or otherwise arising out of the operation or conduct of the Business.

“Subsidiary” or “Subsidiaries” means, with respect to any party, any Person, of which (i) such
party or any other Subsidiary of such party is a general partner (excluding partnerships, the
general partnership interests of which held by such party or any Subsidiary of such party do not
have a majority of the voting interest in such partnership) or (ii) at least a majority of the
securities or other interests having by their terms ordinary voting power to elect a majority of
the Board of Directors or others performing similar functions with respect to such Person is
directly or indirectly owned or controlled by such party and/or by any one or more of its
Subsidiaries.

“Transaction Expenses” means all expenses incurred by the Seller in connection with this Agreement,
for itself or on behalf of Seller stockholders, and the consummation of the transactions
contemplated hereby, including, but not limited to, any and all legal, accounting, financial,
advisory and consulting fees and expenses incurred as of Closing Date, whether or not paid as of
Closing Date, and whether or not reflected in the Financial Statements, but excluding expenses that
would have to be incurred by the Seller even in the absence of the transactions contemplated by
this Agreement that are otherwise already included in the Assumed Liabilities.

“Trident Product” has the meaning set forth in Schedule 1.1 attached hereto.

“WARN Act” means the Worker Adjustment and Retraining Notification Act of 1988.

“$” means United States dollars.

ARTICLE II

PURCHASE AND SALE

          2.1 Purchase and Sale of the Purchased Assets. Upon the terms and subject to the
conditions of this Agreement, at the Closing, Seller shall sell, assign, transfer, convey and
deliver to Buyer, and Buyer shall purchase, acquire and accept from Seller, free and clear of Liens
except for Permitted Liens, the entire right, title and interest of Seller in, to and under all of
the assets, properties and rights of every kind and description, real, personal and mixed, tangible
and intangible, wherever situated, that are Related to the Business other than the Excluded Assets
(the “Purchased Assets”). The Purchased Assets shall include, but are not limited to, the
following assets, properties and rights:

5

 

          (a) all Real Property, together with all buildings, fixtures, structures, signage and
improvements erected or located on the Real Property;

          (b) all Inventory;

          (c) all Equipment;

          (d) all Seller Intellectual Property;

          (e) all Contracts Related to the Business other than Excluded Contracts, including In-Bound
Licenses, Out-Bound Licenses and Work Product Agreements (as such terms are defined in Section
4.14), including, but not limited to, those that are set forth on Schedule 2.1(e) (the “Assigned
Contracts”);

          (f) all Accounts Receivable, including, but not limited to, those that are set forth on
Schedule 2.1(f);

          (g) all Business Authorizations (to the extent transferable);

          (h) all Books and Records;

          (i) all claims, causes of action, choses in action, rights of recovery and rights under all
warranties, representations and guarantees made by suppliers of products, materials or equipment,
or components thereof, arising from or relating to the other Purchased Assets or the Assumed
Liabilities;

          (j) subject to Section 8.9, all insurance benefits, including rights and proceeds, arising
from or relating to the other Purchased Assets or the Assumed Liabilities (to the extent
recoverable after the Closing, but with no obligation on the part of Seller to maintain or renew
any Policies);

          (k) all prepaid expenses Related to the Business;

          (l) all security deposits, earnest deposits and all other forms of deposit or security placed
with or by Seller for the performance of an Assigned Contract; and

          (m) all goodwill of the Business as going concern.

     2.2 Excluded Assets. The Purchased Assets do not include, and Seller is not selling,
assigning, transferring, conveying or delivering, and neither Buyer nor any Subsidiary of Buyer is
purchasing, acquiring or accepting from Seller, any of the assets, properties or rights set forth
in this Section 2.2 (collectively, the “Excluded Assets”):

          (a) all Contracts that are not Assigned Contracts (the “Excluded Contracts”);

6

 

          (b) the corporate seals, Charter Documents, minute books, stock books, Tax Returns, books of
account or other records having to do with the corporate organization of Seller;

          (c) all Policies and, subject to Section 2.1(j) hereof, all rights and benefits thereunder;

          (d) the assets, properties and rights specifically set forth on Schedule 2.2(d);

          (e) all cash, cash equivalents and bank accounts of Seller;

          (f) the shares of Capital Stock of Seller; and

          (g) the rights which accrue or will accrue to Seller under this Agreement and the Ancillary
Agreements.

     2.3 Assumed Liabilities. Upon the terms and subject to the conditions of this
Agreement, Buyer shall assume effective as of the Closing, and from and after the Closing Buyer
shall pay, discharge or perform when due, as appropriate, only the following Liabilities of Seller
(the “Assumed Liabilities”), and no other Liabilities:

          (a) all accounts payable to trade creditors of the Business that are unpaid and not delinquent
at the Closing Date and that either (i) are reflected on the Balance Sheet or (ii) arose in the
ordinary course of the Business between the Balance Sheet Date and the Closing Date and are set
forth on Schedule 2.3(a);

          (b) all Liabilities in respect of the Assigned Contracts but only to the extent that such
Liabilities thereunder arise after the Closing Date and do not arise from any failure to perform,
improper performance, warranty or other breach, default or violation by Seller on or prior to the
Closing;

          (c) all Liabilities and obligations arising as a result of the operation of the Business, or
as a result of the as a result of the ownership, operation or use of the Purchased Assets, after
the Closing;

     2.4 Excluded Liabilities. Neither Buyer nor any of its Affiliates shall assume any
Liabilities of Seller (such unassumed Liabilities, the “Excluded Liabilities”) other than those
specifically set forth in Section 2.3. Without limiting the generality of the foregoing, in no
event shall Buyer or any of its Affiliates assume or incur any Liability in respect of, and Seller
shall remain bound by and liable for, and shall pay, discharge or perform when due, the following
Liabilities of Seller:

          (a) all Liabilities for (i) Taxes relating to the Business or the ownership, operation or use
of the Purchased Assets for any Pre-Closing Tax Period and (ii) Taxes of Seller or any Affiliate of
Seller;

7

 

          (b) all Liabilities in respect of the Excluded Contracts and other Excluded Assets;

          (c) all product Liability, warranty and similar claims for damages or injury to person or
property, claims of infringement of Intellectual Property Rights and all other Liabilities,
regardless of when made or asserted, which arise out of any events occurring or actions taken or
omitted to be taken by Seller, or otherwise arising out of or incurred in connection with the
conduct of the Business, on or before the Closing Date;

          (d) all Pre-Closing Environmental Liabilities;

          (e) all Indebtedness of the Business incurred prior to the Closing;

          (f) all Liabilities under Seller Benefit Plans;

          (g) all Transaction Expenses of Seller; and

          (h) all Liabilities arising out of or incurred in connection with the negotiation, preparation
and execution of this Agreement and the Ancillary Agreements and the consummation of the
transactions contemplated hereby and thereby, including Taxes and fees and expenses of Seller’s
counsel, accountants and other experts.

     2.5 Purchase Price. The consideration to be paid by Buyer to Seller for the Purchased
Assets and Assumed Liabilities shall be as follows:

          (a) Initial Payment. At the Closing, Buyer shall (i) pay Seller the sum of Two
Million One Hundred Forty-Four Thousand One Hundred Seventy Dollars ($2,144,170) (the “Initial Cash
Consideration”), in cash via wire transfer to an account or accounts designated in writing by
Seller and as set forth in Schedule 2.5(a) attached hereto, subject to further adjustment after the
Closing as set forth in Section 2.6, and subject to the Escrow Agreement set forth in Section
3.3(a)(ii), and (ii) assume the Assumed Liabilities.

          (b) Earnout.

               (i) If, on or after the Closing Date and prior to December 31, 2012, (A) the completed Trident
Product shall have been developed (either by Buyer or by Seller (alone or jointly with Buyer) and
delivered to Buyer), which shall be fully integrated with Seller’s clinical supply chain simulator
(“tcVisualize”), and, to the extent commercially practicable in light of specifications and
functionality of Parent’s programs and architectural framework, integrated with Parent’s BioClinica
Express EDC and such other BioClinica technologies as the parties may mutually agree, (B) the
completed Trident Product is purchased (or services on the Trident platform are contracted for) and
accepted by a pharmaceutical/biotech customer, such purchase (contract) and acceptance to be
evidenced by an executed agreement between such pharmaceutical/biotech customer and Buyer (the
“Trident Product Purchase”), and (C) so long as, as of the time of the achievement of events
described in the foregoing clauses (A) and (B), no claim has been made or, to the Seller’s
knowledge threatened, by any third party that the

8

 

Trident Product and/or tcVisualize infringes on the intellectual property of such third party,
then Buyer shall, within five (5) days of the date of the completion of both clause (A) and (B)
above and continued compliance with (C) above, pay Seller (1) a sum of One Million Two Hundred
Fifty-Seven Thousand Eight Hundred Eighty-Six Dollars ($1,257,886), in cash via wire transfer to an
account or accounts designated in writing by Seller, and (2) 350,000 shares of Parent Common Stock
(together (1) and (2), the “First Earnout”).

               (ii) If gross revenues recognized from the sale of the Trident Product, tcVisualize, Seller’s
site supply optimizer (“tcOptimizer”), Seller’s completed Enterprise Demand Aggregator product (the
“Aggregator,” and collectively with Trident, tcVisualize and tcOptimizer, the “Seller Products”)
equal or exceed $3,500,000 in the aggregate over any period of four (4) consecutive financial
quarters ending no later than December 31, 2012, which gross revenues recognized during such period
include at least $2,000,000 related to the Trident Product (and so long as the First Earnout has
been earned), then Buyer shall pay Seller a sum of $2,000,000 in cash via wire transfer to an
account or accounts designated in writing by Seller (the “Second Earnout” and together with the
First Earnout, the “Earnout”). For the purposes of this Agreement, “gross revenues recognized”
means revenues recognized from the sale of Seller Products, net of any discounts, returns,
allowances and the like, calculated in accordance with GAAP (in each case consistent with Seller’s
past practice).

          (c) Earnout Statement; Payment. Buyer shall, no less often than 45 days following the
end of each financial quarter or at such other times reasonably requested by Seller, prepare and
deliver to Seller a statement (the “Earnout Statement”) setting forth in reasonable detail Buyer’s
determination of the applicable Earnout(s) (to the extent not already achieved and paid). Subject
to any delay incurred to the extent necessary for the resolution of disputes pursuant to section
2.5(e), any Earnout payable with respect to 2009 gross revenues recognized shall be paid not later
than thirty (30) days after final resolution in accordance with Section 2.5(e) below.

          (d) Seller’s Audit. During the 30-calendar day period following receipt of an Earnout
Statement, Seller or its designated agents (which may include a third party auditor retained by
Seller), shall have the right at any time during normal business hours and with prior notice to
Buyer to inspect that portion of Buyer’s books and records applicable to the calculation of the
Earnout for purposes of verifying the accuracy of the Earnout determination (the “Seller’s Audit”).
Any and all expenses relating to Seller’s Audit shall be borne solely and exclusively by Seller.

          (e) Accounting Disputes. If Seller delivers to Buyer, within thirty (30) calendar
days following receipt of the Earnout Statement, written notice disagreeing with the calculation of
gross revenues realized for purposes of the Earnout Statement (with any failure of Seller to
deliver such written notice within the foregoing 30-calendar day period being deemed to be
conclusive acceptance of such calculations), Buyer and Seller shall attempt to resolve such dispute
and if they have not done so within thirty (30) calendar days after Seller provides notice of such
dispute then the parties agree that they shall jointly refer such dispute to a nationally
recognized accounting firm or such other

9

 

accounting firm mutually agreed by Buyer and Seller (the “Accountant”). Such written notice
of disagreement shall set forth in reasonable detail the basis of Seller’s disagreement with the
calculations in the Earnout Statement and Seller’s own calculation of revenues for purposes of the
Earnout Statement. The Accountant shall, acting as a certified public accountant and not as an
arbitrator, issue a report setting forth its determination of the disputed item(s) of the Earnout
Statement, within sixty (60) calendar days after such dispute is referred to it, and such
determination shall be final and binding upon the parties. Buyer and Seller shall provide the
Accountant with all financial information concerning the Seller Products and the relevant contracts
that is reasonably requested by the Accountant for purposes of making the determination required by
this Section 2.5(e). This provision for dispute resolution shall, notwithstanding any other
provision set forth in this Agreement, be specifically enforceable by the parties. Any and all
expenses relating to the engagement of, and the calculation of the Earnout Statement by, the
Accountants shall be borne equally by Buyer and Seller (i.e., fifty percent (50%) by Buyer and
fifty percent (50%) by Seller). The portion of such expenses payable by Seller may be deducted
from any Earnout due to Seller. In the event of a dispute pursuant to this section 2.5(e), the
Earnout shall be paid within five (5) business days after the earlier of (i) the joint written
agreement of Buyer and Seller as to the proper calculation of revenues for purposes of any Earnout,
or (ii) the issuance of the Accountant’s report pursuant to this Section 2.5(e).

          (f) Purchase Price. The Initial Cash Consideration together with the Earnout (if any)
shall be called the “Purchase Price.”

          (g) Other Agreements.

               (i) From and after the Closing and ending on the close of business on December 31, 2012,
unless otherwise agreed in writing by the Seller, Buyer and Parent agree to devote such resources
and efforts to the Business as Seller, Buyer and Parent may mutually agree in good faith are
sufficient for the operation and growth of the Business and achievement of the Earnout.

               (ii) Notwithstanding anything to the contrary in this Section 2.5(g), in the event Buyer sells
the Trident Product to a third party on or prior to December 31, 2012, then the maximum Earnout
consideration shall become payable to the Seller within five (5) business days upon consummation of
such sale. In the event Buyer sells either of the tcVisualize, tcOptimizer and Aggregator products
to a third party on or prior to December 31, 2012 then (A) with respect to Section 2.5 (b)(i)(A)
above and only upon the sale of the tcVisualize product to a third party, no integration with
tcVisualize shall be required to achieve the First Earnout, and (B) with respect to Section
2.5(b)(ii), only gross revenues recognized of $2,000,000 related to the Trident Product shall be
required to achieve the Second Earnout (as long as the First Earnout has been earned).

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     2.6 Purchase Price Adjustment.

          (a) For purposes of this Section 2.6, the following terms shall have the meanings assigned to
them in this Section 2.6(a):

               (i) “Accounting Principles” means GAAP applied on a basis consistent with its application in
the preparation of the Balance Sheet.

               (ii) “Base Amount” means Eight Hundred Ninety-Four Thousand One Hundred Seventy Dollars
($894,170).

               (iii) “Closing Assets” means all assets, excluding cash, net of applicable reserves, of the
Business, excluding intangible assets (such intangible assets to include, without limitation,
goodwill, licenses, patents, trademarks, trade names, copyrights, capitalized software and
organizational costs, licenses and franchises) as of the Closing Date that are Purchased Assets,
calculated in accordance with the Accounting Principles.

               (iv) “Closing Liabilities” means all Liabilities of the Business as of the Closing Date that
are Assumed Liabilities, calculated by Seller in accordance with the Accounting Principles,
including any deferred revenue (calculated in a manner consistent with Seller’s past practice).

               (v) “Closing Net Working Capital” means Closing Assets minus Closing Liabilities.

               (vi) “Estimated Closing Net Working Capital” means Seller’s good faith estimate of Closing Net
Working Capital as set forth in the Estimated Closing Net Working Capital Statement.

               (vii) “Estimated Closing Net Working Capital Statement” means a statement of Seller’s good
faith estimate of Closing Net Working Capital that is prepared by Seller in accordance with the
Accounting Principles.

               (viii) “Final Closing Net Working Capital” means the Closing Net Working Capital (A) as shown
in the Final Closing Net Working Capital Statement delivered by Buyer to Seller pursuant to Section
2.6(c), if no Notice of Objection with respect thereto is timely delivered by Buyer to Seller
pursuant to Section 2.6(c); or (B) if a Notice of Objection is so delivered, (1) as agreed by Buyer
and Seller pursuant to Section 2.5(g)(d) or (2) in the absence of such agreement, as shown in the
Independent Expert’s calculation delivered pursuant to Section 2.5(g)(d).

               (ix) “Final Closing Net Working Capital Statement” means an unaudited statement of Closing Net
Working Capital that is prepared by Buyer in accordance with the Accounting Principles, which will
include a certification of Buyer’s calculation of the Closing Net Working Capital setting forth in
reasonable detail Buyer’s basis therefor, as well as a certification of Buyer’s calculation of
those amounts set forth in Section 2.6(e) below, if any.

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          (b) Seller will prepare, or cause to be prepared, and deliver to Buyer no later than three (3)
days prior to the Closing Date the Estimated Closing Net Working Capital Statement.

          (c) Within sixty (60) days following the Closing, Buyer shall prepare and deliver to the
Seller the Final Closing Net Working Capital Statement. Seller shall have until the expiration of
30 days following its receipt from Buyer of the Final Closing Net Working Capital Statement to
review such statement (the “Review Period”). If Seller disagrees with Buyer’s computation of Final
Closing Net Working Capital, Seller may, on or prior to the last day of the Review Period, deliver
a notice to Buyer (the “Notice of Objection”), which sets forth its objections to Seller’s
calculation of Closing Net Working Capital. Any Notice of Objection shall specify those items or
amounts with which Seller disagrees, together with a detailed written explanation of the reasons
for disagreement with each such item or amount, and shall set forth Seller’s calculation of Closing
Net Working Capital based on such objections. To the extent not set forth in the Notice of
Objection, Seller shall be deemed to have agreed with Buyer’s calculation of all other items and
amounts contained in the Closing Net Working Capital Statement.

          (d) Unless Seller delivers the Notice of Objection to Buyer within the Review Period, Seller
shall be deemed to have accepted Buyer’s calculation of Closing Net Working Capital and the Closing
Net Working Capital Statement shall be final, conclusive and binding. If Seller delivers the
Notice of Objection to Buyer within the Review Period, Buyer and Seller shall, during the 30 days
following such delivery or any mutually agreed extension thereof, use their commercially reasonable
efforts to reach agreement on the disputed items and amounts in order to determine the amount of
Closing Net Working Capital. If, at the end of such period or any mutually agreed extension
thereof, Buyer and Seller are unable to resolve their disagreements, they shall jointly retain and
refer their disagreements to a nationally recognized independent accounting firm mutually
acceptable to Buyer and Seller (the “Independent Expert”). The parties shall instruct the
Independent Expert promptly to review this Section 2.6 and to determine solely with respect to the
disputed items and amounts so submitted whether and to what extent, if any, the Closing Net Working
Capital set forth in the Closing Net Working Capital Statement requires adjustment. The Independent
Expert shall base its determination solely on written submissions by Buyer and Seller and not on an
independent review. Buyer and Seller shall make available to the Independent Expert all relevant
books and records and other items reasonably requested by the Independent Expert. The parties shall
request that the Independent Expert deliver to Buyer and Seller, as promptly as practicable but in
no event later than 45 days after its retention, a report which sets forth its resolution of the
disputed items and amounts and its calculation of Closing Net Working Capital; provided
that in no event shall Closing Net Working Capital as determined by the Independent Expert
be less than Buyer’s calculation of Closing Net Working Capital set forth in the Closing Net
Working Capital Statement nor more than Seller’s calculation of Closing Net Working Capital set
forth in the Notice of Objection. The decision of the Independent Expert shall be final,
conclusive and binding on the parties. The costs and expenses of the Independent Expert shall be
allocated between the parties based upon the percentage which the portion of the contested amount
not awarded to each party bears to the amount actually contested by such party. Each

12

 

party agrees to execute, if requested by the Independent Expert, a reasonable engagement
letter, including customary indemnities in favor of the Independent Expert.

          (e) Within three Business Days after Final Closing Net Working Capital has been finally
determined pursuant to this Section 2.6,

               (i) if Final Closing Net Working Capital is less than the Base Amount, Seller shall pay to
Buyer, as an adjustment to the Purchase Price, in the manner provided in Section 2.6(f), an amount
of cash equal to the difference between the Base Amount and Final Closing Net Working Capital (the
“Deficit Amount”); or

               (ii) if Final Closing Net Working Capital exceeds the Base Amount, Buyer shall pay to Seller,
as an adjustment to the Purchase Price, in the manner provided in Section 2.6(f), an amount of cash
equal to the difference between Final Closing Net Working Capital and the Base Amount (the “Excess
Amount”).

          (f) Any payment required to be made pursuant to Section 2.6(e) shall be made by Buyer or
Seller, as the case may be, by wire transfer of immediately available funds to an account
designated in writing by Buyer, if there is a Deficit Amount, or Seller, if there is an Excess
Amount, at least one Business Day prior to such transfer.

          (g) Any rights accruing to a party under this Section 2.6 shall be in addition to and
independent of the rights to indemnification under Article VIII and any payments made to any party
under this Section 2.6 shall not be subject to the terms of Article VIII.

          (h) To the extent that Buyer shall not have received payment with respect to the past due
Accounts Receivable balance disclosed on Schedule 4.7, the parties agree that Buyer shall reflect
such amount in the Final Net Working Capital Statement as a write down of the Account Receivable as
of the Closing, provided, however, that in the event of receipt by Buyer of payment with respect to
such written down Accounts Receivable, Buyer shall promptly remit the amount of such payment to
Seller.

     2.7 Allocation. As soon as reasonably practicable following the Closing, Buyer shall
deliver to Seller an allocation statement setting forth Buyer’s allocation of the Purchase Price
for Tax purposes pursuant to Section 1060 of the Code and any other applicable Tax Laws (as the
same may be revised pursuant to the following sentence, the “Allocation Statement”). In the event
that the Purchase Price is adjusted pursuant to Section 2.6, Buyer shall deliver to Seller a
revised Allocation Statement as soon as reasonably practicable following the determination of Final
Closing Net Working Capital. Except as otherwise required by Law, Buyer and Seller shall file all
Tax Returns (such as IRS Form 8594 or any other forms or reports required to be filed pursuant to
Section 1060 of the Code or any comparable provisions of Law (“Section 1060 Forms”)) in a manner
that is consistent with the Allocation Statement and refrain from taking any action inconsistent
therewith. Buyer and Seller shall cooperate in the preparation of Section 1060 Forms and file such Section 1060 Forms timely and in the manner required

13

 

by applicable Law. Buyer and Seller agree to treat any payments made pursuant to the indemnification
provisions of this Agreement as an adjustment to the Purchase Price for Tax purposes. Buyer agrees
that the allocation of the Purchase Price, in excess of the book value of the Closing Assets, shall
be allocated to Class VI assets and Class VII assets as defined in IRC Reg 1.338-6(b).

     2.8 Consents.

          (a) Notwithstanding anything in this Agreement to the contrary, this Agreement shall not
constitute an agreement to sell, assign, transfer, convey or deliver any Purchased Asset or any
benefit arising under or resulting from such Purchased Asset if the sale, assignment, transfer,
conveyance or delivery thereof, without the Consent of a third party, (i) would constitute a breach
or other contravention of the rights of such third party, (ii) would be ineffective with respect to
any party to a Contract concerning such Purchased Asset, or (iii) would, upon transfer, in any way
adversely affect the rights of Buyer under such Purchased Asset. If the sale, assignment,
transfer, conveyance or delivery by Seller to, or any assumption by Buyer of, any interest in, or
Liability under, any Purchased Asset requires the Consent of a third party, then such sale,
assignment, transfer, conveyance, delivery or assumption shall be subject to such Consent being
obtained. Subject to Section 2.8(b), to the extent any Assigned Contract may not be assigned to
Buyer by reason of the absence of any such Consent (a “Restricted Contract”), except as set forth
in this Section 2.8, Buyer shall not be required to assume any Assumed Liabilities arising under
such Restricted Contract.

          (b) To the extent that any Consent in respect of a Restricted Contract or any other Purchased
Asset shall not have been obtained on or before the Closing Date, Buyer may elect to proceed with
the Closing, in which case, Seller shall continue to use reasonable best efforts to obtain any such
Consent after the Closing Date until such time as it shall have been obtained (or refusal to give
such Consent shall have been made by the other party to such Restricted Contract). Seller shall
cooperate with Buyer in any economically feasible arrangement proposed by Buyer to provide that
Buyer shall receive the interest of Seller in the benefits under such Restricted Contract or other
Purchased Asset. Seller shall pay and discharge, and shall indemnify and hold harmless, Buyer and
its Affiliates from and against any and all out-of-pocket costs of seeking to obtain or obtaining
any such Consent whether before or after the Closing Date. As soon as a Consent for the sale,
assignment, transfer, conveyance, delivery or assumption of a Restricted Contract or other
Purchased Asset is obtained, Seller shall promptly assign, transfer, convey and deliver such
Restricted Contract or Purchased Asset to Buyer, and Buyer shall assume the Assumed Liabilities
under any such Restricted Contract from and after the date of assignment to Buyer pursuant to a
special-purpose assignment and assumption agreement substantially similar in terms to those of the
Assignment and Assumption Agreement. Notwithstanding the foregoing and subject to those claim
procedures set forth in Article VIII herein, in the event Buyer elects to proceed with the Closing
without such Consent, then (i) any liability associated with the provision of services in
connection with such Restricted Contract shall be deemed an Assumed Liability of Buyer, except for
such liabilities resulting of Edward Tourtellotte’s gross negligence, bad faith or willful misconduct in the provision of services under the

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Restricted Contracts after the Closing and prior to assignment of any such Contract to Buyer, any (ii) any
liability for a default under such Restricted Contact resulting from proceeding with the Closing in
the absence of such Consent shall be an Assumed Liability of Buyer.

          (c) Nothing contained in this Section 2.8 or elsewhere in this Agreement shall be deemed to
constitute an agreement to exclude from the Purchased Assets any Assigned Contracts or other
Purchased Asset as to which a Consent may be necessary. Notwithstanding the foregoing, in the
event a Consent is not given by the party to a Restricted Contract, Buyer and Parent hereby waive
any default of Seller that may occur under this Agreement as it relates to such Consent or
assignment of such Restricted Contract, and agree that no claim for adjustment of the Purchase
Price shall result from such lack of Consent.

ARTICLE III

CLOSING

     3.1 Closing Date. The closing of the Transactions contemplated by this Agreement (the
“Closing”) shall take place at the offices of Morgan, Lewis & Bockius LLP, 502 Carnegie Center,
Princeton, New Jersey 08540, at 10:00 a.m. on a date to be specified by the parties which shall be
no later than two Business Days after satisfaction (or waiver as provided herein) of the conditions
set forth in Article VIII (other than those conditions that by their nature will be satisfied at
the Closing), unless another time, date and/or place is agreed to in writing by the parties. The
date on which the Closing occurs is referred to in this Agreement as the “Closing Date.”

     3.2 Deliveries by Seller at the Closing. At the Closing, Seller shall deliver to
Buyer the following:

          (a) a Bill of Sale in the form of Exhibit A hereto duly executed by Seller;

          (b) an Assignment and Assumption Agreement in the form of Exhibit B hereto (the
“Assignment and Assumption Agreement”) duly executed by Seller;

          (c) [intentionally omitted];

          (d) [intentionally omitted];

          (e) [intentionally omitted];

          (f) [intentionally omitted];

          (g) such other good and sufficient instruments of transfer as Buyer reasonably deems necessary
and appropriate to vest in Buyer all right, title and interest in, to and under the Purchased
Assets;

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          (h) the Power of Attorney contemplated by Section 4.22(e) duly executed by Seller and the
Power of Attorney contemplated by Sections 6.8(c) duly executed by Seller;

          (i) the Seller Closing Certificate;

          (j) a completed certification of non-foreign status pursuant to Section 1.1445-2(b)(2) of the
Treasury regulations duly executed by Seller;

          (k) a Confidentiality, Assignment of Invention, Non-Competition and Non-Solicitation Agreement
by and between Edward Tourtellotte and Buyer, for the benefit of Parent, in the form of Exhibit
F hereto;

          (l) [intentionally omitted]

          (m) Confidentiality, Assignment of Invention, Non-Competition and Non-Solicitation Agreements
by and between certain Transferred Employees and Buyer, in the form of Exhibit G hereto;
and

          (n) the written opinion of Foley Hoag LLP, dated as of the Closing Date, in the form of
Exhibit H hereto.

     3.3 Deliveries by Buyer at the Closing. At the Closing Date, Buyer shall deliver to
Seller the following:

          (a) Buyer shall pay the Initial Cash Consideration at the Closing as follows:

               (i) an amount equal to the Initial Cash Consideration, less $300,000, by wire transfer to an
account of Seller designated in writing by Seller to Buyer no later than three Business Days prior
to the Closing Date or to such other accounts of Seller as may be directed by Seller in accordance
with Section 2.5(b), and

               (ii) an amount equal to $300,000 shall be deposited with the Escrow Agent to be held by such
Escrow Agent for a period equal to 12 months from the Closing Date (the “Escrow Fund”) pursuant to
the terms of an escrow agreement, a form of which is attached hereto as Exhibit I (the
“Escrow Agreement”), to secure any purchase price adjustments and any indemnification obligations
of Seller set forth in this Agreement;

          (b) the Assignment and Assumption Agreement duly executed by Buyer pursuant to Section 2.1;

          (c) with respect to each Lease, an Assignment and Assumption of Lease duly executed by Buyer
pursuant to Section 2.1;

          (d) the Buyer Closing Certificate;

16

 

          (e) such other good and sufficient instruments of transfer as Seller reasonably deems
necessary and appropriate to vest in Buyer all Liabilities arising after the Closing with respect
to the Purchased Assets and the Assumed Contracts;

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF SELLER

Seller represents and warrants to Buyer and Parent as of the date hereof and as of the Closing Date
that the statements contained in this Article IV are true and correct, except as set forth in the
disclosure schedule dated and delivered as of the date hereof by Seller to Buyer (the “Seller
Disclosure Schedule”), which is attached to this Agreement and is designated therein as being the
Seller Disclosure Schedule. The Seller Disclosure Schedule shall be arranged in paragraphs
corresponding to each representation and warranty set forth in this Article IV. Each exception to
a representation and warranty set forth in the Seller Disclosure Schedule shall qualify the
representation and warranty which is referenced in the applicable paragraph of the Seller
Disclosure Schedule, and each other representation or warranty to the extent reasonably apparent
from the context of the disclosure. All representations and warranties shall be deemed made as of
the date of this Agreement.

     4.1 Organization and Good Standing. Seller is a corporation, duly organized, validly
existing and in good standing under the Laws of the Commonwealth of Massachusetts, has all
requisite power to own, lease and operate its properties and to carry on its business as now being
conducted and as proposed to be conducted, and is duly qualified to do business and is in good
standing in each jurisdiction in which it owns or leases property or conducts any business so as to
require such qualification, except for such failures to be so qualified and in good standing that,
individually or in the aggregate, would not reasonably be likely to have a material adverse effect
on the Purchased Assets or the condition (financial or otherwise), operations, prospects or results
of operations of the Business or Seller. Seller is not in default under its Charter Documents.

     4.2 Authority and Enforceability. Seller has the requisite corporate power and
authority to enter into this Agreement and to consummate the transactions contemplated hereby. The
execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby have been duly authorized by all necessary corporate action on the part of Seller. Seller
has duly executed and delivered this Agreement. This Agreement constitutes the valid and binding
obligation of Seller, enforceable against it in accordance with its terms, except as such
enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or other
similar Laws affecting or relating to creditors’ rights generally, or (ii) general equitable
principles or the availability of injunctive relief and other equitable remedies.

     4.3 No Conflicts; Consents.

          (a) The execution and delivery of this Agreement by Seller does not, and the execution and
delivery of each Ancillary Agreement to which Seller is, or is

17

 

specified to be, a party, the performance by Seller of its obligations hereunder and
thereunder and the consummation by Seller of the transactions contemplated hereby and thereby (in
each case, with or without the giving of notice or lapse of time, or both), will not, directly or
indirectly, (i) violate the provisions of any of the Charter Documents of Seller, (ii) violate or
constitute a default, an event of default or an event creating rights of acceleration, termination,
cancellation, imposition of additional obligations or loss of rights under any Contract (A) to
which Seller is a party, (B) of which Seller is a beneficiary or (C) by which Seller or any of its
respective assets is bound, (iii) violate or conflict with any Law, Authorization or Order
applicable to Seller, or give any Governmental Entity or other Person the right to challenge any of
the transactions contemplated by this Agreement or the Ancillary Agreements or to exercise any
remedy, obtain any relief under or revoke or otherwise modify any rights held under, any such Law,
Authorization or Order, or (iv) result in the creation of any Liens upon any of the assets owned or
used by Seller. Section 4.3(a) of the Seller Disclosure Schedule sets forth all consents, waivers,
assignments and other approvals and actions that are required in connection with the transactions
contemplated by this Agreement under any Contract to which Seller is a party (collectively,
“Consents”), in the case of Contracts that are Assigned Contracts in order to sell, assign,
transfer, convey and deliver to, Buyer all rights and benefits of Seller thereunder without any
impairment or alteration whatsoever.

          (b) No Authorization or Order of, registration, declaration or filing with, or notice to, any
Governmental Entity or other Person, is required by or with respect to Seller in connection with
the execution and delivery of this Agreement and the Ancillary Agreements and the consummation of
the transactions contemplated hereby and thereby.

     4.4 Financial Statements.

          (a) The Seller Disclosure Schedule contains true and complete copies of the following
financial statements of the Business (collectively, the “Financial Statements”):

               (i) The Seller’s compiled balance sheet as of year end for each of the three (3) years through
December 31, 2008 and the related statements of income and retained earnings, stockholders’ equity
and cash flow, for the years then ended. (the “Compiled Financial Statements”); and

               (ii) The Seller’s unaudited balance sheet as of August 31, 2009 and the related statements of
income and retained earnings, stockholder’s equity and cash flow for the eight month period then
ended (the “Interim Financial Statements”).

          (b) The Financial Statements are true, complete and correct and have been prepared in
accordance with GAAP applied on a consistent basis throughout the periods involved, subject, in the
case of the Interim Financial Statements, to normal year-end adjustments (the effect of which will
not be materially adverse) and the absence of notes (that, if presented, would not differ
materially from those presented in the Compiled Financial Statements). The Financial Statements
are based on the books and

18

 

records of Seller, and fairly present the financial condition of the Business as of the
respective dates they were prepared and the results of the operations of the Business for the
periods indicated. The balance sheet of the Business as of August 31, 2009 is referred to herein as
the “Balance Sheet” and the date thereof as the “Balance Sheet Date.” Seller maintains with
respect to the Business a standard system of accounting established and administered in accordance
with GAAP.

     4.5 No Undisclosed Liabilities. The Business has no material liabilities, obligations
or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute or
contingent, accrued or unaccrued, matured or unmatured or otherwise (“Liabilities”), except (a)
those which are adequately reflected or reserved against in the Balance Sheet as of the Balance
Sheet Date, including, but not limited to, any deferred revenue (recognized consistent with
Seller’s past practice) and/or services to be performed by Seller related to existing agreements,
(b) those which have been incurred in the ordinary course of the Business and consistent with past
practice since the Balance Sheet Date and which are not, individually or in the aggregate, material
in amount.

     4.6 Inventory. Each item of Inventory is (a) free of any material defect or other
deficiency, (b) of a quality, quantity and condition useable and, as to finished goods, saleable in
the ordinary course of the Business and (c) properly stated on the Balance Sheet (to the extent
existing on the date thereof) and on the books and records of the Business at the lesser of cost or
fair market value. None of such Inventory is obsolete and no write-down of such Inventory has been
made or should have been made in the period since the Balance Sheet Date. The quantities of each
item of Inventory are not excessive and are reasonable in the present circumstances of the
Business. All of such Inventory is located at the facilities of Seller and no Inventory is held on
a consignment basis.

     4.7 Accounts Receivable. The Accounts Receivable of the Business as set forth on the
Balance Sheet or arising since the date thereof are, to the extent not paid in full by the account
debtor prior to the date hereof, (a) valid and genuine, have arisen solely out of bona fide sales
and deliveries of goods, performance of services and other business transactions in the ordinary
course of the Business consistent with past practice, (b) not subject to valid defenses, set-offs
or counterclaims, and (c) collectible within 90 days after billing at the full recorded amount
thereof less the recorded allowance for collection losses on the Balance Sheet or, in the case of
Accounts Receivable arising since the Balance Sheet Date, the recorded allowance for collection
losses shown on the accounting records of the Business. The allowance for collection losses on the
Balance Sheet and, with respect to Accounts Receivable arising since the Balance Sheet Date, the
allowance for collection losses shown on the accounting records of the Business, have been
determined in accordance with GAAP consistent with past practice. To the Seller’s Knowledge, the
Accounts Receivable existing as of the Closing Date will be collectible within 90 days after
billing at the full recorded amount thereof net of the reserves shown on the accounting records of
the Business as of the Closing Date (which reserves shall be adequate and shall not represent a
greater percentage of the Accounts Receivable as of the Closing Date than the reserves reflected in
the Balance Sheet represented of the Accounts Receivable reflected therein).

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     4.8 Taxes.

          (a) As used in this Agreement, the following words and terms have the following definitions:

               (i) “Tax” or “Taxes” means any and all federal, state, local, or foreign net or gross income,
gross receipts, net proceeds, sales, use, ad valorem, value added, franchise, bank shares,
withholding, payroll, employment, excise, property, deed, stamp, alternative or add-on minimum,
environmental, profits, windfall profits, transaction, license, lease, service, service use,
occupation, severance, energy, unemployment, social security, workers’ compensation, capital,
premium, and other taxes, assessments, customs, duties, fees, levies, or other governmental charges
of any nature whatever, whether disputed or not, together with any interest, penalties, additions
to tax, or additional amounts with respect thereto.

               (ii) “Tax Returns” means any return, declaration, report, claim for refund, or information
return or statement relating to Taxes, including any schedule or attachment thereto, and including
any amendment thereof.

               (iii) “Taxing Authority” means any Governmental Entity having jurisdiction with respect to any
Tax.

          (b) The Seller has duly and timely filed all Tax Returns required to have been filed by or
with respect to the Seller on or before the Closing Date, taking any timely-filed extensions into
account. Each such Tax Return correctly and completely reflects in all material respects all
liability for Taxes and all other information required to be reported thereon. All Taxes owed by
the Seller (whether or not shown on any Tax Return) have been timely paid, and there are no unpaid
Taxes, except as reflected on the Balance Sheet or Taxes incurred in the ordinary course of
business since the Balance Sheet Date.

          (c) As of the Closing Date, the Seller has withheld and timely paid all Taxes required to have
been withheld and paid by it and has complied with all Tax-related information reporting and backup
withholding requirements, including maintenance of required records with respect thereto.

          (d) The statute of limitations for the assessment of federal income Taxes has expired for all
periods through December 31, 2004. The Seller is not the beneficiary of any extension of time
within which to file any Tax Return not yet filed, nor has the Seller made (or had made on its
behalf) any requests for such extensions with respect to any such unfiled return. The Seller has
not waived (or is subject to a waiver of) any statute of limitations in respect of Taxes or has
agreed to (or is subject to) any extension of time with respect to a Tax assessment or deficiency.

          (e) The Seller Disclosure Schedule indicates those Tax Returns that have been audited and
those Tax Returns that currently are the subject of audit. Except as set forth in the Seller
Disclosure Schedule there is no Action now pending or to the Seller’s Knowledge threatened against
the Seller in respect of any Tax or any assessment

20

 

or deficiency. There are no liens for Taxes (other than current Taxes not yet due and
payable) upon the assets of the Seller. The Seller has delivered to Parent correct and complete
copies of all federal income Tax Returns, examination reports, and statements of deficiencies
assessed against or agreed to by the Seller for tax years ending December 31, 2006, 2007, and 2008.
For purposes of clarity, nothing disclosed on Seller Disclosure Schedule 4.8(e) shall limit or
modify this Section 4.8(e).

          (f) The Seller Disclosure Schedule lists, as of the date of this Agreement, all jurisdictions
in which the Seller currently files Tax Returns. No claim has been made in writing to the Seller by
an authority in a jurisdiction where the Seller does not file Tax Returns that the Seller is or may
be subject to taxation by that jurisdiction or that the Seller must file Tax Returns.

          (g) The Seller has not filed a consent pursuant to the collapsible corporation provisions of
Section 341(f) of the Code (or any corresponding provisions of state, local or foreign income Tax
Law). None of the assets or properties of the Seller constitutes tax-exempt bond financed property
or tax-exempt use property within the meaning of Section 168 of the Code. The Seller is not a
party to any “safe harbor lease” within the meaning of Section 168(f)(8) of the Code, as in effect
prior to amendment by the Tax Equity and Fiscal Responsibility Act of 1982, or to any “long-term
contract” within the meaning of Section 460 of the Code. The Seller has not ever been a United
States real property holding corporation within the meaning of Section 897(c) (2) of the Code. The
Seller is not a “foreign person” within the meaning of Section 1445 of the Code. The Seller has
not made any payments, is obligated to make any payments, or is a party to any agreement that would
obligate it to make payments that would result in a nondeductible expense under Section 280G of the
Code or an excise tax to the recipient of such payments pursuant to Section 4999 of the Code.

          (h) Except as set forth in Section 4.8(h) of the Seller Disclosure Schedule, the Seller has
not agreed to nor is required to make by reason of a change in accounting method or otherwise, any
adjustment under Section 481(a) of the Code. The Seller has not been the “distributing corporation”
(within the meaning of Section 355(c)(2) of the Code) with respect to a transaction described in
Section 355 of the Code within the 5-year period ending as of the date of this Agreement. The
Seller has not received (or is subject to) any ruling from any Taxing Authority or has entered into
(or is subject to) any agreement with a Taxing Authority. The Seller has disclosed on its federal
income Tax Returns all positions taken therein that would give rise to a substantial understatement
of federal income Tax within the meaning of Section 6662 of the Code.

          (i) Except to the extent that the Agreement may qualify as such, or as set forth on section
4.8(i) of the Seller Disclosure Schedule, the Seller (i) has not ever been a party to any Tax
allocation or sharing agreement or Tax indemnification agreement, (ii) has not ever been a member
of an affiliated, consolidated, condensed or unitary group, or (iii) does not have any liability
for or obligation to pay Taxes of any other Person under Treas. Reg. 1.1502-6 (or any similar
provision of Tax Law), or as transferee or successor, by contract or otherwise. The Seller is not
a party to any joint

21

 

venture, partnership, or other arrangement that is treated as a partnership for federal income
tax purposes.

          (j) The Seller will not be required to include any item of income in, or exclude any item of
deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing
Date as a result of any: (i) intercompany transactions or excess loss accounts described in
Treasury regulations under Section 1502 of the Code (or any similar provision of state, local, or
foreign Tax Law), (ii) installment sale or open transaction disposition made on or prior to the
Closing Date or (iii) prepaid amount received on or prior to the Closing Date.

          (k) The Seller has not entered into any transaction that constitutes a “reportable
transaction” within the meaning of Treasury Regulation Section 1.6011-4(b).

          (l) The Seller Disclosure Schedule lists each person who Seller reasonably believes is, with
respect to Seller or any Affiliate of the Seller, a “disqualified individual” (within the meaning
of Section 280G of the Code and the Regulations thereunder).

          (m) [intentionally omitted]

          (n) The unpaid Taxes of Seller (i) did not, as of the Closing Date, exceed any reserve for Tax
liability (rather than any reserve for deferred Taxes established to reflect timing differences
between book and Tax income) set forth on the face of the Balance Sheet, respectively (rather than
in any notes thereto), and (ii) will not exceed that reserve as adjusted for the passage of time
through the Closing Date in accordance with the past custom and practice of Seller in filing its
Tax Returns. Since the Balance Sheet Date the Seller has not incurred any liability for Taxes
arising from extraordinary gains or losses, as that term is used in GAAP, outside the ordinary
course of business consistent with past custom and practice.

          (o) At all times since incorporation, for federal income tax purposes, the Seller has validly
been treated as an “S corporation” within the meaning of Section 1361(a) of the Code and has
validly been treated in a similar manner for purposes of the income tax laws of all states in which
it has been subject to taxation.

     4.9 Compliance with Law.

          (a) Seller has conducted, and is conducting, the Business in material compliance with all
applicable Laws.

          (b) No event has occurred and no circumstances exist that (with or without the passage of time
or the giving of notice) may result in a violation of, conflict with or failure on the part of
Seller to conduct the Business in compliance with, any applicable Law, which violation of, conflict
with or failure on the part of Seller to conduct the Business in compliance with, any applicable
Law would have a material adverse effect on the Business or the Purchased Assets. Seller has not
received notice

22

 

regarding any violation of, conflict with, or failure to conduct the Business in compliance
with, any applicable Law.

     4.10 Business Authorizations.

          (a) Seller owns, holds or lawfully uses in the operation of the Business all Authorizations
which are necessary for it to conduct the Business as currently conducted or for the ownership and
use of the assets owned or used by Seller in the conduct of the Business (the “Business
Authorizations”) free and clear of all Liens (other than Permitted Liens). Such Business
Authorizations are valid and in full force and effect. All Business Authorizations are listed in
the Seller Disclosure Schedule.

          (b) No event has occurred and no circumstances exist that (with or without the passage of time
or the giving of notice) may result in a violation of, conflict with, failure on the part of Seller
to comply with the terms of, or the revocation, withdrawal, termination, cancellation, suspension
or modification of any Business Authorization, which revocation, withdrawal, termination,
cancellation, suspension or modification would have a material adverse effect on the Business or
the Purchased Assets. Seller has not received any notice regarding any violation of, conflict
with, failure to comply with the terms of, or any revocation, withdrawal, termination,
cancellation, suspension or modification of, any Business Authorization. Seller is not in default,
nor has Seller received notice of any claim of default, with respect to any Business Authorization,
which default would have material adverse effect on the Business or the Purchased Assets.

          (c) Except as set forth on Section 4.10(c) of the Seller Disclosure Schedule, no Person other
than Seller owns or has any proprietary, financial or other interest (direct or indirect) in any of
Seller’s Business Authorizations.

     4.11 Title to Personal Properties.

          (a) The Seller Disclosure Schedule sets forth a complete and accurate list of all personal
properties and assets of Seller as of the date of this Agreement (“Personal Property”), in each
case with a current fair market value in excess of $20,000, specifying whether such Personal
Property is owned or leased and, in the case of leased assets, indicating the parties to, execution
dates of and annual payments under, the lease.

          (b) With respect to Personal Property that Seller purports to own including all Personal
Property reflected as owned on the Balance Sheet (other than inventory sold in the ordinary course
of the Business since the date thereof), Seller has good and transferable title to all such
Personal Property, free and clear of all Liens except for Permitted Liens.

23

 

          (c) All leases under which Personal Property is leased are in full force and effect and
constitute valid and binding obligations of the other party(ies) thereto, and neither Seller nor,
to Seller’s Knowledge, any other party thereto, is in breach of any of the terms of any such lease.

     4.12 Condition of Tangible Assets. All Purchased Assets that are tangible property
are structurally sound, are in good operating condition and repair (subject to normal wear and tear
given the use and age of such assets), are usable in the ordinary course of the Business and
conform to all Laws and Authorizations relating to their construction, use and operation. There
are no facts or conditions affecting such Purchased Assets that could interfere in any material
respect with the use or operation thereof as used or operated for the 12 months preceding the date
of this Agreement.

     4.13 Real Property.

          (a) The Seller Disclosure Schedule contains a list of all real property and interests in real
property leased by Seller Related to the Business (the “Real Property”). Seller does not and has
not owned any real property.

          (b) With respect to Real Property, Seller has delivered to Buyer a true and complete copy of
every lease and sublease pursuant to which Seller is a party or by which it is bound (each, a
“Lease”). Seller has peaceful, undisturbed and exclusive possession of the Real Property.

          (c) The uses for which the buildings, facilities and other improvements located on the Real
Property are zoned do not restrict, or impair, the use of the Real Property for purposes of the
Business.

          (d) To the Seller’s Knowledge, no Governmental Entity having the power of eminent domain over
the Real Property has commenced or intends to exercise the power of eminent domain or a similar
power with respect to all or any part of the Real Property. To Seller’s Knowledge there are no
pending or threatened condemnation, fire, health, safety, building, zoning or other land use
regulatory proceedings, lawsuits or administrative actions relating to any portion of the Real
Property or any other matters which do or may adversely effect the current use, occupancy or value
thereof. Seller has not received any notice of any pending or threatened special assessment
proceedings affecting any portion of the Real Property.

          (e) All present uses and operations of the Real Property by the Seller comply with all Laws,
covenants, conditions, restrictions, easements, disposition agreements and similar matters
affecting the Real Property. The Real Property and its continued use, occupancy and operation as
currently used, occupied and operated in the conduct of the Business do not constitute a
nonconforming use and is not the subject of a special use permit under any Law.

          (f) The Real Property is in suitable condition for the conduct of the Business as currently
conducted and as proposed to be conducted. Seller has good and

24

 

valid rights of ingress and egress to and from all Real Property from and to the public street
systems for all usual street, road and utility purposes.

          (g) Except for common areas with respect to Real Property, no Person other than Seller is in
possession of any of the Real Property or any portion thereof, and to the Seller’s Knowledge,
except as set forth on the Seller’s Disclosure Schedule, there are no leases, subleases, licenses,
concessions or other agreements, written or oral, granting to any Person other than Seller the
right of use or occupancy of the Real Property or any portion thereof. To the Seller’s Knowledge
no easement, utility transmission line or water main located on the Real Property adversely affects
the use of the Real Property or any improvement on the Real Property.

          (h) To the Seller’s Knowledge all water, sewer, gas, electric, telephone and drainage
facilities, and all other utilities required by any Law or by the use and operation of the Real
Property in the conduct of the Business are installed to the property lines of the Real Property,
are connected pursuant to valid permits to municipal or public utility services or proper drainage
facilities, are fully operable and are adequate to service the Real Property in the operation of
the Business as currently conducted and to permit compliance with the requirements of all Laws in
the operation thereof. To the Seller’s Knowledge no fact or condition exists which could result in
the termination or material reduction of the current access from the Real Property to existing
roads or to sewer or other utility services presently serving the Real Property.

     4.14 Intellectual Property.

          (a) As used in this Agreement, “Intellectual Property” means: (i) inventions (whether or not
patentable), trade secrets, technical data, databases, customer lists, designs, tools, methods,
processes, technology, ideas, know-how, source code, product road maps and other proprietary
information and materials (“Proprietary Information”); (ii) trademarks and service marks (whether
or not registered), trade names, logos, trade dress and other proprietary indicia and all goodwill
associated therewith; (iii) documentation, advertising copy, marketing materials, web-sites,
specifications, mask works, drawings, graphics, databases, recordings and other works of
authorship, whether or not protected by Copyright; (iv) computer programs, including any and all
software implementations of algorithms, models and methodologies, whether in source code or object
code, design documents, flow-charts, user manuals and training materials relating thereto and any
translations thereof (collectively, “Software”); and (v) all forms of legal rights and protections
that may be obtained for, or may pertain to, the Intellectual Property set forth in clauses (i)
through (iv) in any country of the world (“Intellectual Property Rights”), including all letters
patent, patent applications, provisional patents, design patents, PCT filings, invention
disclosures and other rights to inventions or designs (“Patents”), all registered and unregistered
copyrights in both published and unpublished works (“Copyrights”), all trademarks, service marks
and other proprietary indicia (whether or not registered) (“Marks”), trade secret rights, mask
works, moral rights or other literary property or authors rights, and all applications,
registrations, issuances, divisions, continuations, renewals, reissuances and extensions of the
foregoing.

25

 

          (b) The Seller Disclosure Schedule lists (by name, owner and, where applicable, registration
number and jurisdiction of registration, application, certification or filing) all Intellectual
Property that is owned by Seller and Related to the Business (whether exclusively, jointly with
another Person or otherwise) (“Seller Owned Intellectual Property”); provided that
the Seller Disclosure Schedule is not required to list items of Seller Owned Intellectual Property
which are both (i) immaterial to the Business and (ii) not registered or the subject of an
application for registration. Except as described in the Seller Disclosure Schedule, or to the
extent subject to any In-Bound Licenses or Out-Bound Licenses (as defined below), Seller owns the
entire right, title and interest to all Seller Owned Intellectual Property free and clear of all
Liens.

          (c) The Seller holds certain licenses, sublicenses and other agreements, pursuant to which a
third party authorizes Seller to use, practice any rights under, or grant sublicenses with respect
to, any Intellectual Property Related to the Business owned by a third party, including the
incorporation of any such Intellectual Property into products of Seller (“In-Bound Licenses”). The
Seller Disclosure Schedule lists all material In-Bound Licenses (provided that Seller shall not be
required to list any “shrink wrap” or similar widely available commercial end-user licenses) and,
with respect to each In-Bound License, whether the In-Bound License is exclusive or non-exclusive.

          (d) The Seller Disclosure Schedule lists all licenses, sublicenses and other agreements
(“Out-Bound Licenses”) pursuant to which Seller authorizes a third party to use, practice any
rights under, or grant sublicenses with respect to, any Seller Owned Intellectual Property or
pursuant to which Seller grants rights to use or practice any rights under any Intellectual
Property owned by a third party and, with respect to each Out-Bound License, whether the Out-Bound
License is exclusive or non-exclusive.

          (e) Except as described on the Seller Disclosure Schedule or the terms of any In-Bound
License, Seller (i) exclusively owns the entire right, interest and title to each item of Seller
Owned Intellectual Property free and clear of Liens (other than Permitted Liens), and there are no
limitations upon the Intellectual Property, contractual or otherwise, with respect to future
developments and updates and modifications thereto and creation of derivative works therefrom, or
(ii) may otherwise rightfully use or otherwise enjoy all Intellectual Property currently used in
the conduct of the Business pursuant to the terms of a valid and enforceable In-Bound License. The
Seller Owned Intellectual Property, together with Seller’s rights under the In-Bound Licenses
(collectively, the “Seller Intellectual Property”), constitute all the Intellectual Property used
in or necessary for the operation of the Business as it is currently conducted.

          (f) All registration, maintenance and renewal fees related to Patents, Marks, Copyrights and
any other certifications, filings or registrations that are owned by Seller and Related to the
Business (“Seller Registered Items”) that are currently due have been paid and all documents and
certificates related to such Seller Registered Items have been filed with the relevant Governmental
Entity or other authorities in the United States or foreign jurisdictions, as the case may be, for
the purposes of maintaining such Seller Registered Items. There are no actions that must be taken
by Buyer for the

26

 

purposes of maintaining, perfecting, preserving or renewing any Seller Registered Items within
120 days after the date hereof, including the payment of any registration, maintenance or renewal
fees or the filing of any documents, applications or certificates. All Seller Registered Items are
in good standing, held in compliance with all applicable legal requirements and enforceable by
Seller. All Patents Related to the Business that have been issued to Seller are valid.

          (g) Seller is not aware of any challenges (or any basis therefor) with respect to the validity
or enforceability of any Seller Owned Intellectual Property. The Seller Disclosure Schedule lists
the status of any proceedings or actions before the United States Patent and Trademark Office or
any other Governmental Entity anywhere in the world related to any of the Seller Owned Intellectual
Property, including the due date for any outstanding response by Seller in such proceedings.
Seller has not taken any action or failed to take any action that could reasonably be expected to
result in the abandonment, cancellation, forfeiture, relinquishment, invalidation, waiver or
unenforceability of any Seller Owned Intellectual Property. The Seller Disclosure Schedule lists
all previously held Seller Registered Items that Seller has abandoned, cancelled, forfeited or
relinquished during the 12 months prior to the date of this Agreement.

          (h) None of the products or services currently or formerly manufactured, sold, distributed,
provided, shipped or licensed by Seller, or which are currently under development and will
constitute Purchased Assets, in each case Related to the Business, has infringed or infringes upon,
or otherwise unlawfully used or uses, the Intellectual Property Rights of any third party. Seller,
by conducting the Business as currently conducted, has not infringed nor infringes upon, or
otherwise unlawfully used or uses, any Intellectual Property Rights of a third party. Seller has
not received any communication alleging that Seller has violated or, by conducting the Business as
currently conducted or proposed to be conducted, would violate, any Intellectual Property Rights of
a third party nor, to Seller’s Knowledge, is there any basis therefor. No Action has been
instituted, nor, to Seller’s Knowledge, threatened, relating to any Intellectual Property formerly
or currently used by Seller Related to the Business and none of the Seller Intellectual Property is
subject to any outstanding Order. To Seller’s Knowledge, no Person has infringed or is infringing
any Intellectual Property Rights of Seller Related to the Business or has otherwise misappropriated
or is otherwise misappropriating any Seller Intellectual Property.

          (i) Except as set forth in the Seller Disclosure Schedule, with respect to the Proprietary
Information of Seller Related to the Business, the documentation relating thereto is current,
accurate and sufficient in detail and content to identify and explain it and to allow its full and
proper use without reliance on the special knowledge or memory of others. Seller has taken
commercially reasonable steps to protect and preserve the confidentiality of all Proprietary
Information owned by Seller Related to the Business that is not covered by an issued Patent. Any
receipt or use by, or disclosure to, a third party of Proprietary Information Related to the
Business owned by Seller has been pursuant to the terms of binding written confidentiality and
non-use agreement between Seller and such third party (“Nondisclosure Agreements”). True and
complete copies of

27

 

the Nondisclosure Agreements, and any amendments thereto, have been provided to Buyer. Seller
is, and to Seller’s Knowledge, all other parties thereto are, in compliance with the provisions of
the Nondisclosure Agreements. Seller is in compliance with the terms of all Contracts pursuant to
which a third party has disclosed to, or authorized Seller to use, Proprietary Information Related
to the Business owned by such third party.

          (j) All current and former employees, consultants and contractors of the Business that are or
have been involved in the development of the Seller Intellectual Property have executed and
delivered, and are in compliance with, agreements regarding the protection of Proprietary
Information and providing written assignments of all Intellectual Property Related to the Business
conceived or developed by such employees, consultants or contractors in connection with their
services for the Seller (“Work Product Agreements”). True and complete copies of the Work Product
Agreements have been provided to Buyer. No current or former employee, consultant or contractor
that is or was involved in the development of the Seller Intellectual Property has any right, claim
or interest to any of the Seller Owned Intellectual Property.

          (k) To the Seller’s knowledge, no employee, consultant or contractor of Seller has been by
performing services for the Business, in violation of any term of any employment, invention
disclosure or assignment, confidentiality or noncompetition agreement or other restrictive covenant
or any Order as a result of such employee’s, consultant’s or contractor’s as a result of such
individual’s employment by or services for the Seller prior to the Closing.

          (l) All Intellectual Property Related to the Business that has been distributed, sold or
licensed to a third party by Seller that is covered by warranty conformed and conforms to, and
performed and performs in accordance with, such warranty for the time period during which such
warranty applies.

          (m) Except as set forth on the Seller Disclosure Schedule, the execution and delivery of this
Agreement by Seller does not, and the consummation of the transactions contemplated hereby (in each
case, with or without the giving of notice or lapse of time, or both), will not, directly or
indirectly, result in the loss or impairment of, or give rise to any right of any third party to
terminate or reprice or otherwise renegotiate Seller’s rights to own any of its Intellectual
Property or their respective rights under any Out-Bound License or In-Bound License, nor require
the consent of any Governmental Entity or other third party in respect of any such Intellectual
Property.

          (n) Software. In each case, except as set forth in the Seller Disclosure Schedule:

               (i) The Software owned, or purported to be owned by Seller and Related to the Business
(collectively, the “Seller Owned Software”) was either (i) developed by employees of Seller within
the scope of their employment, (ii) developed by independent contractors who have assigned all of
their right, title and interest therein to Seller pursuant to written agreements or (iii) otherwise
acquired by Seller from a third party pursuant to a written agreement in which such third party

28

 

assigned all of its right, title and interest therein. None of the Seller Owned Software contains any programming code,
documentation or other materials or development environments that embody Intellectual Property
Rights of any person other than Seller, except for such materials obtained by Seller from other
Persons who make such materials generally available to all interested purchasers or end-users on
standard commercial terms.

               (ii) Each existing and currently supported and marketed Seller Owned Software product
performs, in all material respects, the functions described in any agreed specifications or end
user documentation or other information provided to customers of the Business on which such
customers relied when licensing or otherwise acquiring such products, subject only to routine bugs
and errors that can be corrected promptly by Seller in the course of providing customer support
without further Liability to Seller, and all of the code of such products has been developed in a
manner that meets common industry practice, including the use of regression test and release
procedures. To Seller’s Knowledge, each existing and currently supported and marketed Seller Owned
Software product of the Business in Seller’s possession and control is free of all viruses, worms,
trojan horses and similar material known contaminants and does not contain any bugs, errors, or
problems that would substantially disrupt its operation or have a substantial adverse impact on the
operation of the Seller Owned Software product.

               (iii) Seller has taken all actions customary in the software industry to document the Seller
Owned Software and its operation, such that the materials comprising the Seller Owned Software,
including the source code and documentation, have been written in a clear and professional manner
so that they may be understood, modified and maintained in an efficient manner by reasonably
competent programmers.

               (iv) Seller has not exported or transmitted Seller Owned Software to any country to which such
export or transmission is restricted by any applicable Law, without first having obtained all
necessary and appropriate Authorizations.

               (v) Seller Owned Software is free of any disabling codes or instructions (a “Disabling Code”),
and any virus or other intentionally created, undocumented contaminant (a “Contaminant”), that may,
or may be used to, access, modify, delete, damage or disable any Systems or that may result in
damage thereto. Seller has taken reasonable steps and implemented reasonable procedures to ensure
that its internal computer systems used in connection with the Business are free from Disabling
Codes and Contaminants. To the Seller’s knowledge Software licensed by Seller Related to the
Business is free of any Disabling Codes or Contaminants that may, or may be used to, access,
modify, delete, damage or disable any of the hardware, software, databases or embedded control
systems of the Business (“Systems”) or that might result in damage thereto. Seller has taken all
reasonable steps to safeguard its Systems and restrict unauthorized access thereto.

               (vi) [intentionally omitted]

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     4.15 Absence of Certain Changes or Events. Except as described in the Seller
Disclosure Schedule, since the Balance Sheet Date:

          (a) there has not been any material adverse change in the condition (financial or otherwise),
operations, prospects or results of operations of the Business or of Seller;

          (b) Seller has neither amended nor changed, nor (except as contemplated by the Agreement and
the name change to be affect in association therewith) proposed to amend or change, its Charter
Documents in a manner that could be expected to delay the consummation of the transactions
contemplated by this Agreement;

          (c) [intentionally omitted]

          (d) Seller has not (i) increased or modified the compensation or benefits payable or to become
payable by Seller to any current or former directors, employees, consultants or contractors of the
Business, (ii) increased or modified any Benefit Plan made to, for or with any current or former
directors, employees, consultants or contractors of the Business, or (iii) entered into any
employment, severance or termination agreement Related to the Business;

          (e) Seller has not sold, leased, transferred or assigned any property or assets Related to the
Business, except for (i) the sale of Inventory, (ii) the grant of non-exclusive Out-Bound
Licenses, and (iii) the sale of obsolete Equipment, in each case in the ordinary course of the
Business consistent with past practice;

          (f) Seller has not incurred, assumed or guaranteed any Indebtedness Related to the Business;

          (g) Seller has not mortgaged, pledged or subjected to Liens any assets, properties or rights
Related to the Business, except for Liens arising under lease financing arrangements existing as of
the Balance Sheet Date and Permitted Liens;

          (h) Seller has not entered into, amended, modified, canceled or waived any rights under, any
Material Contract and no Material Contract has been terminated or cancelled;

          (i) Seller has not taken any action outside the ordinary course of the Business (except and to
the extent contemplated by this Agreement and the Ancillary Agreements);

          (j) There has not been, in connection with the Business, any labor dispute, other than
individual grievances, or any activity or proceeding by a labor union or representative thereof to
organize any employees of the Business;

          (k) Seller has not committed any violation of, or conflict with, any applicable Law or any
Business Authorization;

30

 

          (l) Seller has not agreed, or entered into any arrangement, to take any action which, if taken
prior to the date hereof, would have made any representation or warranty set forth in this Article
IV untrue or incorrect as of the date when made;

          (m) There has not been any material damage, destruction or loss with respect to the Purchased
Assets, whether or not covered by insurance;

          (n) Seller has not made any change in the accounting practices Related to the Business;

          (o) Seller has not made any Tax election, changed its method of Tax accounting or settled any
claim for Taxes, in each case Related to the Business; and

          (p) Seller has not agreed, whether in writing or otherwise, to do any of the foregoing (except
and to the extent contemplated by this Agreement and the Ancillary Agreements).

     4.16 Contracts.

          (a) Except as set forth in Section 4.16 of the Seller Disclosure Schedule, Seller is not
party to, nor bound by, in each case Related to the Business:

               (i) any Contract or series of related Contracts for the purchase of materials, supplies,
goods, services, equipment or other assets that involves (A) annual payments by the Seller of
$20,000 or more, or (B) aggregate payments remaining to be made by Seller of $20,000 or more;

               (ii) any Contract or series of related Contracts for the sale by Seller of (A) materials,
supplies, goods, services, equipment or other assets, that involves a specified annual minimum
dollar sales amount of $20,000 or more, or (B) pursuant to which Seller received payments of more
than $20,000 in any year;

               (iii) any Contract that requires Seller to purchase its total requirements of any product or
service from a third party or that contains “take or pay” provisions;

               (iv) any Contract or series of related Contracts that (A) continues over a period of more than
six months from the date hereof and (B) involves payments to or by Seller exceeding $20,000, other
than arrangements disclosed pursuant to the preceding paragraphs (i) and (ii);

               (v) any partnership, joint venture or similar Contract;

               (vi) any distribution, dealer, representative or sales agency Contract;

               (vii) any Lease;

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               (viii) any Contract for the lease of personal property which provides for payments to or by
Seller in any one case of $20,000 or more annually or $20,000 or more over the remaining term of
the Contract;

               (ix) any Contract which provides for the indemnification by Seller of any Person, the
undertaking by Seller to be responsible for consequential damages, or the assumption by Seller of
any Tax, environmental or other Liability;

               (x) any Contract with any Governmental Entity;

               (xi) any note, debenture, bond, equipment trust, letter of credit, loan or other Contract for
Indebtedness of Seller or for lending of money by Seller (other than to employees for travel
expenses in the ordinary course of the Business) or Contract for a line of credit or guarantee,
pledge or undertaking by Seller of the Indebtedness of any other Person;

               (xii) any Contract for a charitable or political contribution in any one case in excess of
$5,000 or in the aggregate greater than $10,000;

               (xiii) any Contract for any capital expenditure or leasehold improvement not yet made in any
one case in excess of $20,000 or in the aggregate greater than $20,000;

               (xiv) any Contract which restrains the ability of Seller to engage or compete in any manner or
in the Business (other than this Agreement);

               (xv) any Out-Bound License or In-Bound License;

               (xvi) any Contract relating to the acquisition or disposition of any material business
(whether by merger, sale of stock, sale of assets or otherwise) which has not been consummated
(other than this Agreement and the Ancillary Agreements);

               (xvii) any collective bargaining Contract or other Contract with any labor organization, union
or association;

               (xviii) other than the Work Product Agreements, any Contract with an employee, consultant or
contractor that is an employment, consulting, termination or severance Contract other than those
that are terminable by Seller on less than 30 days’ notice; and

               (xix) any Contract that is otherwise material to Seller and not previously disclosed pursuant
to this Section 4.16 or elsewhere in this Agreement or the Seller Disclosure Schedules.

          (b) Each Contract required to be listed in Section 4.16 of the Seller Disclosure Schedule,
including, but not limited to, Contracts in connection with services to be rendered and/or deferred
revenue (collectively, the “Material Contracts”) is in all

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material respects valid and enforceable in accordance with its terms. Seller is not and, to
Seller’s Knowledge, no other party thereto is, in default in the performance, observance or
fulfillment of any obligation, covenant or condition contained therein, and Seller has neither
given nor received notice to or from any Person relating to any such alleged or potential default
that has not been cured, except in either case where such default would not and would not
reasonably be expected to have, individually or in the aggregate, a material adverse effect on the
Purchased Assets or the condition (financial or otherwise), operations, prospects or results of
operations of the Business. No event has occurred which with or without the giving of notice or
lapse of time, or both, may conflict with or result in a violation or breach of, or give any Person
the right to exercise any remedy under or accelerate the maturity or performance of, or cancel,
terminate or modify, any Material Contract, except where such violation, breach, remedy,
acceleration, cancellation, termination or modification could not and could not reasonably be
expected to have, individually or in the aggregate, a material adverse effect on the Purchased
Assets or the condition (financial or otherwise), operations, prospects or results of operations of
the Business. Seller has neither given nor received notice to or from any Person relating to any
alleged or potential default under any Material Contract that has not been cured. Seller has
delivered accurate and complete copies of each Material Contract to Buyer.

          (c) Seller has delivered or made available accurate and complete copies of each Material
Contract to Buyer.

          (d) All other Assumed Contracts other than Material Contracts (collectively, the “Minor
Contracts”) are in all material respects valid and enforceable in accordance with their terms.
Seller is not and, to Seller’s Knowledge, no other party thereto is, in default in the performance,
observance or fulfillment of any obligation, covenant or condition contained therein, and Seller
has neither given nor received notice to or from any Person relating to any such alleged or
potential default that has not been cured, except in either case where such default would not and
would not reasonably be expected to have, individually or in the aggregate, a material adverse
effect on the Purchased Assets or the condition (financial or otherwise), operations, prospects or
results of operations of the Business. No event has occurred which with or without the giving of
notice or lapse of time, or both, may conflict with or result in a violation or breach of, or give
any Person the right to exercise any remedy under or accelerate the maturity or performance of, or
cancel, terminate or modify, any Minor Contract, except where such violation, breach, remedy,
acceleration, cancellation, termination or modification could not and could not reasonably be
expected to have, individually or in the aggregate, a material adverse effect on the Purchased
Assets or the condition (financial or otherwise), operations, prospects or results of operations of
the Business.

          (e) Set forth on Section 4.16(e) of the Seller Disclosure Schedule is a list of all Seller
client contracts and backlog as of the Balance Sheet Date, including (i) the start and (if
applicable) end date of the client contract, (ii) the maximum revenues associated with such
contracts (to the extent provided by the terms of such contracts), (iii) the aggregate amount of
revenues recognized for services performed and products delivered to client pursuant to such
contract, and (iv) the remaining potential revenue in

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connection with services to be performed and products delivered to client pursuant to such
contracts (to the extent provided by the terms of such contracts).

     4.17 Sufficiency of Purchased Assets.

          (a) The Purchased Assets include as of the date of this Agreement (with respect to the
representation and warranty made as of the date of this Agreement) and will include as of the
Closing Date (with respect to the representation and warranty made as of the Closing Date) all
assets, properties and rights reflected on the Interim Financial Statements other than (i)
Inventory sold, (ii) Accounts Receivable collected, (iii) prepaid expenses realized, (iv) items of
obsolete Equipment disposed of and (v) the Excluded Assets, in the case of each of (i)-(iv) in the
ordinary course of the Business consistent with past practice.

          (b) Except as set forth in the Seller Disclosure Schedule, the Purchased Assets will be
sufficient for the conduct and operation of the Business by Buyer following the Closing in the same
manner as conducted and operated by Seller on the Balance Sheet Date and as currently conducted.

     4.18 Litigation.

          (a) There is no action, suit or proceeding, claim, arbitration, litigation or investigation
(each, an “Action”), in each case Related to the Business, (i) pending or, to Seller’s Knowledge,
threatened against or, to Seller’s Knowledge affecting Seller, or (ii) that challenges or seeks to
prevent, enjoin or otherwise delay the transactions contemplated by this Agreement or the Ancillary
Agreements. To the Seller’s Knowledge no event has occurred or circumstances exist that may give
rise or serve as a basis for any such Action. To Seller’s Knowledge there is no Action against any
current or former director or employee of the Business with respect to which Seller has or is
reasonably likely to have an indemnification obligation.

          (b) There is no unsatisfied judgment, penalty or award, in each case Related to the Business,
against or affecting Seller or any of its assets, properties or rights.

     4.19 Employee Benefits.

          (a) The Seller Disclosure Schedule sets forth a complete and accurate list of all Benefit
Plans maintained or contributed to by Seller for the benefit of any present or former directors,
employees, contractors or consultants of the Business or with respect to which Seller otherwise has
any present or future Liability (collectively, “Seller Benefit Plans”). A current, accurate and
complete copy of each Seller Benefit Plan has been provided to Buyer. Seller has no intent or
commitment to create any additional Seller Benefit Plan or amend any Seller Benefit Plan.

          (b) Each Seller Benefit Plan has been and is currently administered in compliance in all
material respects with all reporting, disclosure and other requirements of ERISA and the Code
applicable to such Seller Benefit Plan. Each Seller Benefit Plan

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that is an employee pension benefit plan (as defined in Section 3(2) of ERISA) and which is
intended to be qualified under Section 401(a) of the Code (a “Pension Plan”), has been determined
by the Internal Revenue Service to be so qualified and to the Seller’s Knowledge no condition
exists that would adversely affect any such determination. No Seller Benefit Plan is a “defined
benefit plan” as defined in Section 3(35) of ERISA.

          (c) Neither Seller nor any ERISA Affiliate or, to Seller’s Knowledge, any trustee or agent of
any Seller Benefit Plan has been or is currently engaged in any prohibited transactions as defined
by Section 406 of ERISA or Section 4975 of the Code for which an exemption is not applicable which
could subject the Seller, any ERISA Affiliate or any trustee or agent of any Seller Benefit Plan to
the Tax or penalty imposed by Section 4975 of the Code or Section 502 of ERISA.

          (d) Neither Seller nor any ERISA Affiliate has been or is currently party to any
“multi-employer plan,” as that term is defined in Section 3(37) of ERISA.

          (e) True and correct copies of the most recent annual report on Form 5500 and any attached
schedules for each Seller Benefit Plan (if any such report was required by applicable Law) and a
true and correct copy of the most recent determination letter issued by the Internal Revenue
Service for each Pension Plan have been provided to Buyer.

          (f) With respect to each Seller Benefit Plan, there are no actions, suits or claims (other
than routine claims for benefits in the ordinary course) pending or, to Seller’s Knowledge,
threatened against or otherwise involving any Seller Benefit Plan.

          (g) With respect to each Seller Benefit Plan to which Seller or any ERISA Affiliate is a party
which constitutes a group health plan subject to Section 4980B of the Code, each such Seller
Benefit Plan complies, and in each case has complied, in all materials respects with all applicable
requirements of Section 4980B of the Code.

          (h) Full payment has been made of all amounts which Seller or any ERISA Affiliate was required
to have paid as a contribution to any Seller Benefit Plan as of the last day of the most recent
fiscal year of each of the Benefit Plans ended prior to the date of this Agreement.

          (i) Each Seller Benefit Plan is, and its administration is and has been during the six-year
period preceding the date of this Agreement, in all materials respects, in compliance with, and
neither Seller nor any ERISA Affiliate has received any claim or notice that any such Seller
Benefit Plan is not in compliance with, all applicable Laws and Orders and prohibited transaction
exemptions, including to the extent applicable, the requirements of ERISA.

          (j) Neither Seller nor any ERISA Affiliate is in default in performing any of its contractual
obligations under any of the Seller Benefit Plans or any related trust agreement or insurance
contract.

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          (k) There are no outstanding Liabilities of any Seller Benefit Plan other than Liabilities for
benefits to be paid to participants in any Seller Benefit Plan and their beneficiaries in
accordance with the terms of such Seller Benefit Plan.

          (l) Subject to ERISA and the Code, each Seller Benefit Plan may be amended, modified,
terminated or otherwise discontinued by Seller or a ERISA Affiliate at any time without liability.

          (m) No Seller Benefit Plan other than a Pension Plan, retiree medical plan or severance plan
provides benefits to any individual after termination of employment.

          (n) The consummation of the transactions contemplated by this Agreement will not (i) entitle
any current or former director, employee, contractor or consultant of the Business to severance
pay, unemployment compensation or any other payment, (ii) accelerate the time of payment or
vesting, or increase the amount of, compensation due to any such director, employee, contractor or
consultant, or result in the payment of any other benefits to any Person or the forgiveness of any
Indebtedness of any Person, (iii) result in any prohibited transaction described in Section 406 of
ERISA or Section 4975 of the Code for which an exemption is not available or (iv) result (either
alone or in conjunction with any other event) in the payment or series of payments by Seller or any
of its Affiliates to any Person of an “excess parachute payment” within the meaning of Section 280G
of the Code.

          (o) With respect to each Seller Benefit Plan that is funded wholly or partially through an
insurance policy, all premiums required to have been paid to date under the insurance policy have
been paid, all premiums required to be paid under the insurance policy through the Closing will
have been paid on or before the Closing (or reserves therefor established by the Seller) and, as of
the Closing, there will be no liability of either Seller or any ERISA Affiliate under any insurance
policy or ancillary agreement with respect to such insurance policy in the nature of a retroactive
rate adjustment, loss sharing arrangement or other Liability arising wholly or partially out of
events occurring prior to the Closing.

          (p) Each Seller Benefit Plan that constitutes a “welfare benefit plan,” within the meaning of
Section 3(1) of ERISA, and for which contributions are claimed by Seller or any ERISA Affiliate as
deductions under any provision of the Code, is in compliance with all applicable requirements
pertaining to such deduction. With respect to any welfare benefit fund (within the meaning of
Section 419 of the Code) related to a welfare benefit plan, there is no disqualified benefit
(within the meaning of Section 4976(b) of the Code) that would result in the imposition of a Tax
under Section 4976(a) of the Code. All welfare benefit funds intended to be exempt from Tax under
Section 501(a) of the Code have been determined by the Internal Revenue Service to be so exempt and
no event or condition exists which would adversely affect any such determination.

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          (q) The Seller Disclosure Schedule sets forth all Benefit Plans covering employees of the
Business outside of the United States (the “Foreign Plans”). The Foreign Plans have been operated
in accordance, and are in compliance, with all applicable Laws and have been operated in
accordance, and are in compliance, with their respective terms. There are no unfunded liabilities
under or in respect of the Foreign Plans, and all contributions or other payments required to be
made to or in respect of the Foreign Plans prior to the Closing have been made or will be made
prior to the Closing.

     4.20 Labor and Employment Matters.

          (a) The Seller Disclosure Schedule sets forth (i) a list of all United States and foreign
employees of Seller engaged in the Business (“Business Employees”) (including title and position),
and contractors and consultants of the Business as of the date hereof, and (ii) the base
compensation and benefits of each such Business Employee, contractor and consultant. Except as set
forth on the Seller Disclosure Schedule, the employment of all Business Employees, contractors and
consultants may be terminated at any time with or without cause and without any severance or other
Liability to Seller.

          (b) Seller is not a party or subject to any labor union or collective bargaining agreement in
connection with the Business. There have not been since August 31, 2009, and there are not pending
or, to Seller’s Knowledge, threatened, any labor disputes, work stoppages, requests for
representation, pickets, work slow-downs due to labor disagreements or any actions or arbitrations
that involve Business Employees. There is no unfair labor practice, charge or complaint pending,
unresolved or, to Seller’s Knowledge, threatened before the National Labor Relations Board. No
event has occurred or circumstance exist that may provide the basis of any work stoppage or other
labor dispute in connection with the Business.

          (c) Seller has in all material respects complied with each, and is not in violation of any,
Law relating to anti-discrimination and equal employment opportunities in connection with the
Business, or any other Law respecting the hiring, hours, wages, occupational safety and health,
employment, promotion, termination or benefits of any Business Employee or other Person in
connection with the Business. Seller has filed all reports, information and notices required under
any Law respecting the hiring, hours, wages, occupational safety and health, employment, promotion,
termination or benefits of any Business Employee or other Person in connection with the Business,
and will timely file prior to Closing all such reports, information and notices required by any Law
to be given prior to Closing.

          (d) Seller has paid or properly accrued in the ordinary course of the Business all wages and
compensation due to Business Employees, including all vacations or vacation pay, holidays or
holiday pay, sick days or sick pay, and bonuses.

          (e) Seller is not a party to any Contract which restricts Seller from relocating, closing or
terminating any of its operations or facilities or any portion thereof. Seller has not since
August 31, 2009 effectuated a “plant closing” (as defined in the WARN Act) or (ii) a “mass lay-off”
(as defined in the WARN Act), in either case

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affecting any site of employment or facility of Seller, except in accordance with the WARN
Act. The consummation of the transactions contemplated by this Agreement will not create liability
for any act by Seller on or prior to the Closing under the WARN Act or any other Law respecting
reductions in force or the impact on employees of plant closings or sales of businesses.

          (f) Seller has complied and is in compliance with the requirements of the Immigration Reform
and Control Act of 1986. The Seller Disclosure Schedule sets forth a true and complete list of all
Business Employees working in the United States who are not U.S. citizens and a description of the
legal status under which each such Business Employee is permitted to work in the United States.
All Business Employees who are performing services for Seller in the United States are legally able
to work in the United States and will be able to continue to work in the Business in the United
States following the consummation of the transactions contemplated by this Agreement.

     4.21 Environmental.

          (a) As used in this Agreement, the following words and terms have the following definitions:

               (i) The term “Environment” means all indoor or outdoor air, surface water, groundwater,
surface or subsurface land, including all fish, wildlife, biota and all other natural resources.

               (ii) The term “Environmental Action” means any claim, proceeding or other Action brought or
threatened under any Environmental Law or the assertion of any claim with respect to Pre-Closing
Environmental Liabilities.

               (iii) The term “Environmental Clean-up Site” means any location which is listed on the
National Priorities List, the Comprehensive Environmental Response, Compensation and Liability
Information System, or on any similar state or foreign list of sites requiring investigation or
cleanup, or which is the subject of any pending or threatened Action related to or arising from any
alleged violation of any Environmental Law, or at which there has been a threatened or actual
Release of a Hazardous Substance.

               (iv) The term “Environmental Laws” means any and all applicable Laws and Authorizations
issued, promulgated or entered into by any Governmental Entity relating to the Environment, worker
health and safety, preservation or reclamation of natural resources, or to the management,
handling, use, generation, treatment, storage, transportation, disposal, manufacture, distribution,
formulation, packaging, labeling, Release or threatened Release of or exposure to Hazardous
Substances, whether now existing or subsequently amended or enacted, including but not limited to:
the Comprehensive Environmental Response, Compensation, and Liability Act, 42 U.S.C. Section 9601
et seq. (“CERCLA”); the Federal Water Pollution Control Act, 33 U.S.C. Section 1251 et seq.; the
Clean Air Act, 42 U.S.C. Section 7401 et seq.; the Toxic Substances Control Act, 15 U.S.C. Section
2601 et seq.; the Occupational

38

 

Safety and Health Act, 29 U.S.C. Section 651 et seq.; the Emergency Planning and Community
Right-to-Know Act of 1986, 42 U.S.C. Section 11001 et seq.; the Safe Drinking Water Act, 42 U.S.C.
Section 300(f) et seq.; the Hazardous Materials Transportation Act, 49 U.S.C. Section 1801 et seq.;
the Federal Insecticide, Fungicide and Rodenticide Act 7 U.S.C. Section 136 et seq.; the Resource
Conservation and Recovery Act of 1976 (“RCRA”), 42 U.S.C. Section 6901 et seq.; the Toxic
Substances Control Act, 15 U.S.C. Section 2601 et seq.; the Oil Pollution Act of 1990, 33 U.S.C.
Section 2701 et seq.; and any similar or implementing state or local Law, and any non-U.S. Laws and
regulations of similar import, and all amendments or regulations promulgated thereunder; and any
common law doctrine, including but not limited to, negligence, nuisance, trespass, personal injury,
or property damage related to or arising out of the presence, Release, or exposure to Hazardous
Substances.

               (v) The term “Environmental Permit” means any Authorization under Environmental Law and
includes any and all Orders issued or entered into by a Governmental Entity under Environmental
Law.

               (vi) The term “Hazardous Substances” means all explosive or regulated radioactive materials or
substances, hazardous or toxic materials, wastes or chemicals, petroleum and petroleum products
(including crude oil or any fraction thereof), asbestos or asbestos containing materials, and all
other materials, chemicals or substances which are regulated by, form the basis of liability or are
defined as hazardous, extremely hazardous, toxic or words of similar import, under any
Environmental Law, including materials listed in 49 C.F.R. Section 172.101 and materials defined as
hazardous pursuant to Section 101(14) of CERCLA.

               (vii) The term “Release” means any spilling, leaking, pumping, pouring, emitting, emptying,
discharging, injecting, escaping, leaching, dumping, or disposing of Hazardous Substances into the
Environment.

          (b) Seller has obtained, and is in compliance with, all Environmental Permits required in
connection with the Business and the Real Property. Each Environmental Permit, together with the
name of the Governmental Entity issuing such Environmental Permit, is set forth in the Seller
Disclosure Schedule. All such Environmental Permits are valid and in full force and effect and all
renewal applications for such Environmental Permits have been timely filed with the appropriate
Governmental Entity. None of such Environmental Permits will be terminated or impaired or become
terminable as a result of the consummation of the transactions contemplated by this Agreement.
Seller has been, and is currently, in compliance with all Environmental Laws and Seller has not
received any notice alleging that Seller is not in such compliance with Environmental Laws, in each
case in connection with the Business.

          (c) There are no past, pending or, to Seller’s Knowledge, threatened Environmental Actions
against or, to Seller’s Knowledge, materially or directly affecting Seller in connection with the
Business, and Seller is not aware of any facts or circumstances which could be expected to form the
basis for any such Environmental Action.

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          (d) Seller has not entered into or agreed to any Order, and Seller is not subject to any
Order, relating to compliance with any Environmental Law or to investigation or cleanup of a
Hazardous Substance under any Environmental Law, in each case in connection with the Business.

          (e) No Lien has been attached to, or asserted against, any assets, Real Property or rights in
connection with the Business pursuant to any Environmental Law, and, to Seller’s Knowledge, no such
Lien has been threatened. To Seller’s Knowledge, there are no facts, circumstances or other
conditions that could be expected to give rise to any Liens on or affecting the Real Property under
Environmental Law.

          (f) There has been no treatment, storage, disposal or Release of any Hazardous Substance at,
from, into, on or under any Real Property or any other property currently or formerly owned,
operated or leased by Seller in connection with the Business during the term of Seller’s ownership,
operation of lease of such premises. No Hazardous Substances are present in, on, about or
migrating to or from any Real Property that could reasonably be expected to give rise to an
Environmental Action against any member of Seller.

          (g) Seller has not received a CERCLA 104(e) information request nor has Seller been named a
potentially responsible party for any National Priorities List site under CERCLA or any other site
under analogous state Law, in each case in connection with the Business. Seller has not received
an analogous notice or request from any non-U.S. Governmental Entity.

          (h) There are no aboveground tanks or underground storage tanks on, under or about the Real
Property. Any aboveground or underground tanks previously situated on the Real Property or any
other real property currently or formerly owned, operated or leased by Seller in connection with
the Business have been removed in accordance with all Environmental Laws and no residual
contamination, if any, remains at such sites in excess of applicable standards.

          (i) There are no polychlorinated biphenyls (“PCBs”) leaking from any article, container or
equipment on, under or about the Real Property and there are no such articles, containers or
equipment containing PCBs in, at, on, under or within the Real Property.

          (j) Seller has not in connection with the Business transported or arranged for the treatment,
storage, handling, disposal, or transportation of any Hazardous Material to any off-site location
which is an Environmental Clean-up Site.

          (k) None of the Real Property is an Environmental Clean-up Site.

          (l) Seller has provided to Buyer true and complete copies of, or access to, all written
environmental assessments, materials, reports, data, analyses and compliance audits that have been
prepared by or on behalf of Seller with respect to the Real Property or any other real property
formerly owned, operated or leased by Seller in connection with the Business.

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     4.22 Insurance.

          (a) The Seller Disclosure Schedule sets forth (i) an accurate and complete list of each
insurance policy and fidelity bond which covers the Business and Seller with respect to the
Business (the “Policies”) and (ii) with respect to the Business, a list of all pending claims and
the claims history for Seller during the current year and the preceding three years (including with
respect to insurance obtained but not currently maintained). There are no pending claims under any
of such Policies with respect to the Business as to which coverage has been questioned, denied or
disputed by the insurer or in respect of which the insurer has reserved its rights.

          (b) The Seller Disclosure Schedule describes any self-insurance arrangement by or affecting
Seller with respect to the Business, including any reserves thereunder, and describes the loss
experience for all claims that were self-insured in the current year and the preceding three years.

          (c) All Policies are issued by an insurer that is financially sound and reputable, are in full
force and effect and are enforceable in accordance with their terms. Such Policies provide adequate
insurance coverage for the Business, and are sufficient for compliance with all Laws and Contracts
to which Seller is a party or by which it is bound in connection with the Business.

          (d) All premiums due under the Policies have been paid in full or, with respect to premiums
not yet due, accrued. Seller has not received a notice of cancellation of any Policy nor of any
material changes that are required in the conduct of the Business as a condition to the
continuation of coverage under, or renewal of, any such Policy. To the Seller’s Knowledge there is
no existing default or event which, with the giving of notice or lapse of time or both, would
constitute a default under any Policy or entitle any insurer to terminate or cancel any Policy with
respect to the Business. Seller has no Knowledge of any threatened termination of any Policy.

          (e) Seller has appointed Buyer as its true and lawful attorney-in-fact, in the name of Seller,
but on behalf of Buyer, to pursue and enforce any and all rights of Seller under the Policies with
respect to any occurrence, claim or loss with respect to the Business or any Purchased Asset or
Assumed Liability to the extent attributable to events that occurred prior to the Closing. Seller
agrees that the foregoing appointment shall be coupled with an interest and shall be irrevocable.
Notwithstanding the foregoing or anything else in this Agreement to the contrary, no such insurance
shall affect any right of Buyer to seek indemnification as provided in this Agreement, provided,
however, in no event shall Buyer (or Parent) be entitled to recover more than the total amount of
damages actually incurred and any amounts paid pursuant to such indemnification, to the extent
later recovered from a Policy, will be payable to and property of Seller.

     4.23 Product Warranty.

          (a) There are no warranties (express or implied) outstanding with respect to any products
currently or formerly manufactured, sold, distributed, shipped or

41

 

licensed (“Products”), or any services rendered, by Seller in connection with the Business,
beyond that set forth in the standard conditions of sale or service, copies of which are included
in the Seller Disclosure Schedule.

          (b) Each Product manufactured, sold, distributed, shipped or licensed, or service rendered, by
Seller in connection with the Business has been in conformity with all applicable contractual
commitments and warranties. There are no material design, manufacturing or other defects, latent or
otherwise, with respect to any Products and such Products are not toxic when used in accordance
with their intended use. Each Product that has been manufactured, sold, distributed, shipped or
licensed prior to Closing contains all warnings required by applicable Law and such warnings are in
accordance with reasonable industry practice.

          (c) The Balance Sheet reflects adequate reserves (in accordance with GAAP) for product design
and warranty claims and other damages in connection with any Product manufactured, sold,
distributed, shipped or licensed, or service rendered, by the members of Seller in connection with
the Business on or prior to the Balance Sheet Date. The accounting records of the Business will
reflect adequate reserves (in accordance with GAAP) for all such claims in connection with Products
manufactured, sold, distributed, shipped or licensed, or services rendered by, Seller in connection
with the Business on or prior to the Closing.

     4.24 Suppliers and Customers.

          (a) Section 4.24 of the Seller Disclosure Schedule sets forth with respect to the Business:

               (i) each supplier, as of January 1, 2004, from whom purchases exceeded $5,000 in any year or
that is otherwise material to the Business;

               (ii) each supplier who constitutes a sole source of supply to the Business; and

               (iii) with respect to any year ended and the eight month period ended August 31, 2009, each
customer that has contributed in excess of 10% percent of the revenues of the Business for such
year or period.

          (b) Except as set forth in Section 4.24 of the Seller Disclosure Schedule, the relationships
of the Business with each supplier and customer required to be listed in Section 4.24 of the Seller
Disclosure are good commercial working relationships. No such supplier or customer has canceled or
otherwise terminated, or threatened to cancel or otherwise terminate, its relationship with the
Business. Seller has not received notice that any such supplier or customer may cancel, terminate
or otherwise materially and adversely modify its relationship with the Business or limit its
services, supplies or materials to the Business, either as a result of the consummation of the
transactions contemplated by this Agreement or otherwise.

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     4.25 Solvency.

          (a) Seller is not insolvent nor will Seller be rendered insolvent by any of the transactions
contemplated by this Agreement and the Ancillary Agreements. “Insolvent” means, with respect to any
Person, that the sum of the debts and other probable Liabilities of such Person exceeds the present
fair saleable value of such Person’s assets.

          (b) Immediately after giving effect to the consummation of the transactions contemplated by
this Agreement and the Ancillary Agreements: (i) Seller will be able to pay its Liabilities as they
become due in the usual course of its business, (ii) Seller will not have unreasonably small
capital with which to conduct its present or proposed business, (iii) Seller will have assets
(calculated at fair market value) that exceed its Liabilities, and (iv) taking into account all
pending and threatened litigation, final judgments against Seller in actions for money damages are
not reasonably anticipated to be rendered at a time when, or in amounts such that, Seller will be
unable to satisfy any such judgments promptly in accordance with their terms (taking into account
the maximum probable amount of such judgments in any such actions and the earliest reasonable time
at which such judgments might be rendered) as well as all other obligations of Seller. The cash
available to Seller, after taking into account all other anticipated uses of the cash, will be
sufficient to pay all such Liabilities and judgments promptly in accordance with their terms.

     4.26 Brokers or Finders. Seller represents, as to itself and its Affiliates, that no
agent, broker, investment banker or other firm or Person is or will be entitled to any broker’s or
finder’s fee or any other commission or similar fee in connection with any of the transactions
contemplated by this Agreement and the Ancillary Agreements, except Covington Associates, whose
fees and expenses will be paid by Seller.

     4.27 Completeness of Disclosure. No representation or warranty by Seller in this
Agreement, and no statement made by Seller in the Seller Disclosure Schedule, the Ancillary
Agreements or any certificate or other document furnished or to be furnished to Buyer pursuant
hereto contains or will at the Closing contain any untrue statement of a material fact or omits or
will omit to state a material fact required to be stated herein or therein or necessary to make any
statement herein or therein not misleading. Except as specifically set forth in this Agreement or
the Seller Disclosure Schedule, there are no facts or circumstances of which Seller is aware that
have had or could reasonably be expected to have, individually or in the aggregate, a material
adverse effect on the Purchased Assets or the condition (financial or otherwise), operations,
prospects or results of operations of the Business or Seller.

ARTICLE V

REPRESENTATIONS AND WARRANTIES OF BUYER AND PARENT

     Buyer and Parent represent and warrant to Seller that each statement contained in this Article
V is true and correct as of the date hereof, except as set forth in the disclosure

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schedule dated and delivered as of the date hereof by Buyer to Seller (the “Buyer Disclosure
Schedule”), which is attached to this Agreement and is designated therein as being the Buyer
Disclosure Schedule. The Buyer Disclosure Schedule shall be arranged in paragraphs corresponding
to each representation and warranty set forth in this Article V. Each exception to a
representation and warranty set forth in the Buyer Disclosure Schedule shall qualify the specific
representation and warranty which is referenced in the applicable paragraph of the Buyer Disclosure
Schedule, and no other representation or warranty.

     5.1 Organization and Good Standing. Each of Buyer and Parent is a corporation duly
organized, validly existing and in good standing under the Laws of the jurisdiction of its
incorporation and has the requisite corporate power to own, lease and operate its properties and to
carry on its business as now being conducted.

     5.2 Authority and Enforceability. Each of Buyer and Parent has the requisite
corporate power and authority to enter into this Agreement and the Ancillary Agreements to which it
is a party and to consummate the transactions contemplated hereby and thereby. The execution and
delivery of this Agreement and the Ancillary Agreements to which Buyer and Parent are a party and
the consummation of the transactions contemplated hereby and thereby have been duly authorized by
all necessary corporate action on the part of Buyer and Parent. This Agreement has been, and the
Ancillary Agreements to which Buyer and Parent are a party will be, duly executed and delivered by
Buyer and Parent and, assuming due authorization, execution and delivery by Seller, constitutes the
valid and binding obligations of Buyer and Parent, enforceable against each in accordance with
their respective terms, except as such enforceability may be limited by (a) bankruptcy, insolvency,
reorganization, moratorium or other similar Laws affecting or relating to creditors’ rights
generally, and (b) the availability of injunctive relief and other equitable remedies.

     5.3 No Conflicts; Consents.

          (a) The execution and delivery of this Agreement by Buyer and Parent does not, and the
execution and delivery of the Ancillary Agreements to which Buyer and Parent are a party and the
consummation of the transactions contemplated hereby and thereby will not, (i) violate the
provisions of any of the Charter Documents of Buyer and Parent, (ii) violate any Contract to which
Buyer and Parent is a party, (iii) to the knowledge of Buyer and Parent, violate any Law of any
Governmental Entity applicable to Buyer and Parent on the date hereof, or (iv) to the knowledge of
Buyer and Parent, result in the creation of any Liens upon any of the assets owned or used by Buyer
and Parent, except in each such case where such violation or Lien would not reasonably be expected
materially to impair or delay the ability of Buyer and Parent to perform its obligations under this
Agreement or the Ancillary Agreements.

          (b) No Authorization or Order of, registration, declaration or filing with, or notice to any
Governmental Entity is required by Buyer and Parent in connection with the execution and delivery
of this Agreement and the Ancillary Agreements to which it is a party and the consummation of the
transactions contemplated hereby and

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thereby, except for such Authorizations, Orders, registrations, declarations, filings and
notices the failure to obtain which would not reasonably be expected to materially impair the
ability of Buyer and Parent to perform their obligations under this Agreement and the Ancillary
Agreements to which Buyer and Parent are a party.

     5.4 Litigation. There is no Action pending or, to the knowledge of Buyer or Parent,
threatened against or, to the Knowledge of Buyer and/or Parent, materially and directly affecting
Buyer and/or Parent which (a) challenges or seeks to enjoin, alter or materially delay the
consummation of the transactions contemplated by this Agreement, or (b) would reasonably be
expected to have a material adverse effect on Buyer or Parent.

     5.5 Availability of Funds. Buyer and Parent have cash available or have existing
borrowing facilities which together are sufficient to enable it to consummate the transactions
contemplated by this Agreement, including, without limitation, to pay the Purchase Price (including
the Earn Outs) and all other amounts as may be payable hereunder. In addition, Buyer shall have
available sufficient shares of Parent Common Stock (or securities or other consideration issued in
exchange therefore pursuant to a Change of Control) to pay the stock portion of the First Earn Out.
Such shares of Parent Common Stock, have been duly authorized and, when issued pursuant to the
First Earn Out, will be fully paid and nonassessable and issued in compliance with all applicable
federal and state securities laws.

     5.6 Brokers or Finders. Each of Buyer and Parent represent, as to itself and its
Affiliates, that no agent, broker, investment banker or other firm or Person is or will be entitled
to any broker’s or finder’s fee or any other commission or similar fee in connection with any of
the transactions contemplated by this Agreement and the Ancillary Agreements, except Excel
Partners, whose fees and expenses will be paid by Buyer and Parent.

ARTICLE VI

COVENANTS OF BUYER, PARENT AND SELLER

     6.1 Regulatory Approvals.

          (a) Buyer, Parent and Seller shall each promptly apply for, and take all reasonably necessary
actions to obtain or make, as applicable, all Orders and Authorizations of, and all filings with,
any Governmental Entity or other Person required to be obtained or made by it for the consummation
of the transactions contemplated by this Agreement. Each party shall cooperate with and promptly
furnish information to the other party necessary in connection with any requirements imposed upon
such other party in connection with the consummation of the transactions contemplated by this
Agreement.

          (b) Seller shall assist Buyer and Parent in identifying the Authorizations required by Buyer
and Parent to operate and conduct the Business from and after the Closing Date and will either
transfer current Business Authorizations of

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Seller (to the extent transferable) to Buyer or assist Buyer in obtaining new Authorizations.

     6.2 Public Announcements. Neither Buyer, Parent nor Seller shall issue any press
releases or otherwise make any public statements with respect to the transactions contemplated by
this Agreement; provided, however, that Buyer, Parent or Seller may, without such
approval, make such press releases or other public announcement as it believes are required
pursuant to any listing agreement with any national securities exchange or stock market or
applicable securities Laws, in which case the party required to make the release or announcement
shall allow the other party reasonable time to comment on such release or announcement in advance
of such issuance; provided, further, that each of the parties may make internal
announcements to their respective employees that are consistent with the parties’ prior public
disclosures regarding the transactions contemplated by this Agreement.

     6.3 Names.

          (a) On the Closing Date, Seller shall deliver to Buyer all such executed documents as may be
required to change the name of Seller on that date to another name or names bearing no similarity
to any of the Names, including, where applicable, name change amendments and appropriate name
change notices for each state where Seller is qualified to do business. Seller hereby appoints
Buyer as its attorney-in-fact to file all such documents on or after the Closing Date. Seller will
terminate the use of any and all d/b/a’s currently or formerly used by it Related to the Business.
“Names” means “Tourtellotte Solutions, Inc.” or any name, logo or trademark that includes
“Tourtellotte Solutions,” and any other logos or trademarks of the Business transferred to Buyer
pursuant to this Agreement and the Ancillary Agreements.

          (b) [intentionally omitted]

     6.4 Employees.

          (a) Promptly following the execution of this Agreement, Seller shall provide access to Buyer
to the facilities and the personnel records of Seller for the purpose of preparing for and
conducting employment interviews with Business Employees. Buyer shall not be obligated to offer
employment to any Business Employee.

          (b) Buyer may offer employment to any Business Employee on such terms and conditions as it
deems appropriate in its sole discretion, such employment to be contingent upon and effective
immediately following the Closing. For sake of clarity, it is the expectation of the parties that
Buyer will offer employment to all Business Employees located in the United States on terms
substantially similar to those of their current employment with the Seller. Seller shall use its
reasonable best efforts to assist Buyer in employing as new employees of Buyer, all Business
Employees to whom Buyer has offered employment pursuant to this Section 6.4(b). The Business
Employees who accept Buyer’s offer of employment and commence employment with Buyer shall be

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referred to, collectively, as “Transferred Employees.” Seller shall terminate the employment
of all Transferred Employees with Seller effective immediately prior to the Closing.

          (c) Any and all Liabilities relating to or arising out of the employment, or cessation of
employment, of any Business Employee (whether or not a Transferred Employee) on or prior to the
close of business on the Closing Date shall be the sole responsibility of Seller, including wages
and other remuneration due through the close of business on the Closing Date. Any and all
Liabilities relating to or arising out of the employment, or cessation of employment of any
Transferred Employee after the Closing Date shall be the sole responsibility of Buyer.

          (d) From and after the Closing Date, Buyer shall offer to Transferred Employees Benefit Plans
and arrangements consistent with Parent’s practices as to its employees. Buyer shall not assume
any Liability under any of the Seller Benefit Plans or Foreign Plans.

          (e) All Transferred Employees who are participants in a Seller Benefit Plan that is an
employee pension benefit plan shall retain their accrued benefits under such plans as of the
Closing Date, and Seller shall retain Liability for the payment of benefits as and when such
Transferred Employees become eligible therefor under such plans. All Transferred Employees shall
become fully vested in their accrued benefits under Seller’s pension benefit plans as of the
Closing Date.

          (f) Seller shall be liable for any severance, separation, deferred compensation or similar
benefits that are payable (i) to any Person who is or was an employee of Seller and who is not a
Transferred Employee, including any Person whose employment with the Business was terminated prior
to the Closing (“Seller Employees”), and (ii) to any Transferred Employee, to the extent that such
Transferred Employee’s right to deferred compensation or similar benefits arises as a result of the
transactions contemplated by this Agreement and the Ancillary Agreements.

          (g) Seller shall be liable for the administration and payment of all workers’ compensation
Liabilities and benefits with respect to (i) Transferred Employees to the extent resulting from
claims, events, circumstances, exposures, conditions or occurrences occurring on or prior to the
Closing, and (ii) Seller Employees. Buyer shall be liable for the administration and payment of
all workers’ compensation Liabilities and benefits with respect to Transferred Employees to the
extent resulting from claims, events, circumstances, exposures, conditions or occurrences occurring
after the Closing Date.

          (h) Seller shall be liable for the administration and payment of all health and welfare
Liabilities and benefits under the Seller Benefit Plans with respect to (i) Transferred Employees
to the extent resulting from claims, events, circumstances, exposures, conditions or occurrences
occurring on or prior to the Closing, and (ii) Seller Employees. Buyer shall be liable for the
administration and payment of all health and welfare Liabilities and benefits under Buyer’s Benefit
Plans with respect to Transferred

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Employees participating therein to the extent resulting from claims, events, circumstances,
exposures, conditions or occurrences occurring after the Closing Date.

          (i) Seller shall retain and perform all Liabilities and maintain all insurance under the
Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) with respect to Seller Employees
and their covered dependents; provided that Buyer shall perform all of its
obligations under COBRA with respect to Transferred Employees that become covered by any group
health insurance plan of Buyer.

          (j) Buyer shall have no obligation with respect to any Business Employee or any other employee
of Seller other than Transferred Employees, and in such event as qualified by this Section 6.4.

          (k) Nothing in this Agreement confers upon any Business Employee or Transferred Employee any
rights or remedies of any nature or kind whatsoever under or by reason of this Section 6.4.
Nothing in this Agreement shall limit the right of Buyer to terminate or reassign any Transferred
Employee after the Closing or to change the terms and conditions of his or her employment in any
manner.

     6.5 Taxes.

          (a) Seller shall pay all federal, state and local sales, documentary and real estate and other
transfer Taxes, if any, due as a result of the purchase, sale or transfer of the Purchased Assets
in accordance herewith whether imposed by Law on Seller or Buyer.

          (b) All real property Taxes, personal property Taxes and similar ad valorem obligations levied
with respect to the Purchased Assets for a taxable period that includes (but does not end on) the
Closing Date shall be apportioned between Seller and Buyer as of the Closing Date based on the
number of days of such taxable period included in the period ending with and including the Closing
Date (with respect to any such taxable period, the “Pre-Closing Tax Period”), and the number of
days of such taxable period beginning after the Closing Date (with respect to any such taxable
period, the “Post-Closing Tax Period”). Seller shall be liable for the proportionate amount of
such Taxes that is attributable to the Pre-Closing Tax Period, and Buyer shall be liable for the
proportionate amount of such Taxes that is attributable to the Post-Closing Period. If bills for
such Taxes have not been issued as of the Closing Date, each party shall pay the amounts due
promptly upon receipt of such bills.

          (c) Buyer and Seller agree to furnish or cause to be furnished to each other, upon request, as
promptly as practicable, such information and assistance relating to the Business, the Purchased
Assets and Assumed Liabilities (including access to books and records) as is reasonably necessary
for the filing of all Tax Returns, the making of any election relating to Taxes, the preparation
for any audit by any Taxing Authority, and the prosecution or defense of any Action relating to any
Tax. Any expenses incurred in furnishing such information or assistance shall be borne by the
party requesting it.

     6.6 [intentionally omitted].

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     6.7 Bulk Sales Laws. Buyer and Seller hereby waive compliance by Buyer and Seller
with the bulk sales Law and any other similar Laws in any applicable jurisdiction in respect of the
transactions contemplated by this Agreement and the Ancillary Agreements, it being understood that
such waiver shall not impose on Buyer any responsibility for any Taxes arising from the Pre-Closing
Period for which Seller is liable in accordance with this Section 6.

     6.8 Discharge of Business Obligations After Closing.

          (a) From and after the Closing, Seller shall pay and discharge on a timely basis all of the
Excluded Liabilities and Buyer shall pay and discharge all of the Assumed Liabilities.

          (b) From and after the Closing, if Seller or any of its respective Affiliates receives or
collects any funds relating to any Accounts Receivable or any other Purchased Asset, Seller or its
Affiliate shall remit such funds to Buyer within five (5) Business Days after its receipt thereof.
From and after the Closing, if Buyer receives or collects any funds relating to any Excluded Asset,
Buyer shall remit any such funds to Seller within five (5) Business Days after its receipt thereof.

          (c) Effective upon the Closing, Seller shall appoint Buyer as its true and lawful
attorney-in-fact, in the name of Seller, but on behalf of Buyer to (i) receive and open all mail,
packages and other communications addressed to Seller Related to the Business, and (ii) demand and
receive all Accounts Receivable and endorse without recourse the name of Seller on any check or any
other evidences of Indebtedness received by Buyer on account of the Business and the Purchased
Assets transferred to Buyer hereunder. Seller agrees that the foregoing appointment shall be
coupled with an interest and shall be irrevocable.

     6.9 Access to Books and Records. Each of Seller and Buyer shall preserve until the
fifth anniversary of the Closing Date all records possessed or to be possessed by such party
relating to any of the assets, Liabilities or business of the Business prior to the Closing. After
the Closing Date, where there is a legitimate business purpose, such party shall provide the other
party with access, upon prior reasonable written request specifying the need therefor, during
regular business hours, to (i) the officers and employees of such party and (ii) the books of
account and records of such party, but, in each case, only to the extent relating to the assets,
Liabilities or business of the Business prior to the Closing, and the other party and its
representatives shall have the right to make copies of such books and records at their sole cost;
provided, however, that the foregoing right of access shall not be exercisable in
such a manner as to interfere unreasonably with the normal operations and business of such party.
Such records may nevertheless be destroyed by a party if such party sends to the other party
written notice of its intent to destroy records, specifying with particularity the contents of the
records to be destroyed. Such records may then be destroyed after the 30th day after such notice
is given unless the other party objects to the destruction in which case the party seeking to
destroy the records shall deliver such records to the objecting party at the objecting party’s
cost.

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     6.10 Confidentiality. On or after the Closing Date, Seller will, and will cause its
Affiliates to, hold, and will use its reasonable best efforts to cause its and their respective
Representatives to hold, in confidence any and all information, whether written or oral, concerning
the Business and the Purchased Assets, except to the extent that Seller can show that such
information (a) is in the public domain through no fault of Seller or any of its Affiliates or
their respective Representatives or (b) is lawfully acquired by Seller or any of its Affiliates
after the Closing Date from sources that are not prohibited from disclosing such information by a
legal, contractual or fiduciary obligation. If Seller or any of its Affiliates or Representatives
is compelled to disclose any such information by judicial or administrative process or by other
requirements of Law, Seller shall promptly notify Buyer in writing and shall disclose only that
portion of such information that Seller is advised by its counsel in writing is legally required to
be disclosed; provided that Seller shall exercise its reasonable best efforts to
obtain an appropriate protective order or other reasonable assurance that confidential treatment
will be accorded such information.

     6.11 Release of Liens. If and to the extent Buyer and Parent have agreed to proceed
with the Closing with any Lien existing on any Personal Property that is a Purchased Asset, then
Seller shall cause to be released all Liens in and upon any of the Purchased Assets within sixty
(60) days of the Closing Date (all of such Liens are set forth in the Seller Disclosure Schedule).

     6.12 Consents. If and to the extent Buyer and Parent have agreed to the Closing
without any such Consents as shall be needed for the assignment of any Assumed Contracts then
Seller shall use its reasonable best efforts to obtain, within sixty (60) days of the Closing Date,
all such Consents that are required under the Assumed Contracts in connection with the consummation
of the transactions contemplated by this Agreement so as to preserve all rights of, and benefits
to, Buyer thereunder; provided that no Assumed Contract shall be amended and no
right thereunder shall be waived, without the consent of Buyer, not to be unreasonably withheld, to
obtain any such Consent. All of such Consents as shall be required to be obtained are set forth in
the Section 4.3(a) of the Seller Disclosure Schedule.

     6.13 Restrictive Covenants.

          (a) Seller covenants that, commencing on the Closing Date and ending on the fifth anniversary
of the Closing Date (the “Noncompetition Period”), Seller shall not, and it shall cause its
Subsidiaries not to, directly or indirectly, in any capacity, engage in or have any direct or
indirect ownership interest in, or permit Seller’s or any such Affiliate’s name to be used in
connection with, any business anywhere in the world which is engaged, either directly or
indirectly, in the business of developing, manufacturing, marketing or selling any products or
equipment or providing any services which are competitive with products or equipment manufactured,
marketed, sold or under development by, or services provided by, the Business (the “Restricted
Business”). It is recognized that the Restricted Business is expected to be conducted throughout
the world and that more narrow geographical limitations of any nature on this non-competition

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covenant (and the non-solicitation covenant set forth in Section 6.13(b)) are therefore not
appropriate.

          (b) Seller covenants that during the Noncompetition Period, Seller shall not, and it shall
cause its Subsidiaries not to, directly or indirectly solicit the employment or engagement of
services of any person who is offered employment by Buyer and Parent pursuant to Section 6.4 or is
or was employed as an employee, consultant or contractor in the Business during the Noncompetition
Period on a full- or part-time basis.

          (c) Seller covenants that during the Noncompetition Period, Seller shall not, and it shall
cause its Subsidiaries not to, directly or indirectly, solicit or entice, or attempt to solicit or
entice, any clients or customers of Buyer and Parent, or potential clients or customers of Buyer
and Parent, in either case for purposes of diverting their business or services from Buyer and
Parent.

          (d) Seller acknowledges that the restrictions contained in this Section 6.13 are reasonable
and necessary to protect the legitimate interests of Buyer and Parent and constitute a material
inducement to Buyer and Parent to enter into this Agreement and consummate the transactions
contemplated by this Agreement. Seller acknowledges that any violation of this Section 6.13 will
result in irreparable injury to Buyer and agrees that Buyer shall be entitled to preliminary and
permanent injunctive relief, without the necessity of proving actual damages, as well as an
equitable accounting of all earnings, profits and other benefits arising from any violation of this
Section 6.13, which rights shall be cumulative and in addition to any other rights or remedies to
which Buyer may be entitled. Without limiting the generality of the foregoing, the Noncompetition
Period shall be extended for an additional period equal to any period during which Seller or any
Affiliate is in breach of its obligations under this Section 6.13.

          (e) In the event that any covenant contained in this Section 6.13 should ever be adjudicated
to exceed the time, geographic, product or service or other limitations permitted by applicable Law
in any jurisdiction, then any court is expressly empowered to reform such covenant, and such
covenant shall be deemed reformed, in such jurisdiction to the maximum time, geographic, product or
service or other limitations permitted by applicable Law. The covenants contained in this Section
6.13 and each provision thereof are severable and distinct covenants and provisions. The
invalidity or unenforceability of any such covenant or provision as written shall not invalidate or
render unenforceable the remaining covenants or provisions hereof, and any such invalidity or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such covenant or
provision in any other jurisdiction.

     6.14 Further Assurances. Buyer and Seller shall execute such documents and other
instruments and take such further actions as may be reasonably required or desirable to carry out
the provisions of this Agreement and the Ancillary Agreements and to consummate the transactions
contemplated hereby and thereby. Upon the terms and subject to the conditions hereof, Buyer and
Seller shall each use its respective reasonable best efforts to (a) take or cause to be taken all
actions and to do or cause to be done all

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other things necessary, proper or advisable to consummate and make effective as promptly as
practicable the transactions contemplated by this Agreement and the Ancillary Agreements and (b)
obtain in a timely manner all Consents and Authorizations and effect all necessary registrations
and filings. From time to time after the Closing, at Buyer’s request, Seller shall execute,
acknowledge and deliver to Buyer such other instruments of conveyance and transfer and will take
such other actions and execute and deliver such other documents, certifications and further
assurances as Buyer may reasonably require in order to vest more effectively in Buyer, or to put
Buyer more fully in possession of, any of the Purchased Assets.

     6.15 Parent Guaranty. For so long as Buyer shall continue to have any obligations to
Seller pursuant to this Agreement or any of the Ancillary Agreements, Parent shall cause Buyer to
fully perform all such obligations and shall be a guarantor of Buyer’s performance thereof,
including, without limitation, Buyers obligations to pay the Purchase Price in full, and Buyer’s
indemnification obligations hereunder.

ARTICLE VII

CONDITIONS TO CLOSING

     7.1 Conditions to Obligations of Buyer and Seller. The obligations of Buyer and
Seller to consummate the transactions contemplated by this Agreement are subject to the
satisfaction on or prior to the Closing Date of the following conditions:

          (a) All Authorizations and Orders of, declarations and filings with, and notices to any
Governmental Entity, required to permit the consummation of the transactions contemplated by this
Agreement shall have been obtained or made and shall be in full force and effect.

          (b) No temporary restraining order, preliminary or permanent injunction or other Order
preventing the consummation of the transactions contemplated by this Agreement shall be in effect.
No Law shall have been enacted or shall be deemed applicable to the transactions contemplated by
this Agreement which makes the consummation of such transactions illegal.

     7.2 Conditions to Obligation of Buyer. The obligation of Buyer to consummate the
transactions contemplated by this Agreement is subject to the satisfaction (or waiver by Buyer in
its sole discretion) of the following further conditions:

          (a) The representations and warranties of Seller set forth in this Agreement shall have been
true and correct at and as of the date hereof and shall be true and correct at and as of the
Closing Date as if made at and as of the Closing Date, except to the extent that such
representations and warranties refer specifically to an earlier date, in which case such
representations and warranties shall have been true and correct as of such earlier date.

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          (b) Seller shall have performed or complied with all obligations and covenants required by
this Agreement to be performed or complied with by Seller at or prior to the Closing.

          (c) Buyer shall have received a certificate dated the Closing Date signed on behalf of Seller
by the President of Seller to the effect that the conditions set forth in Sections 7.2(a) and
7.2(b) have been satisfied (the “Seller Closing Certificate”).

          (d) There shall have been no material adverse change in the Purchased Assets or the condition
(financial or otherwise), operations, prospects or results of operations of the Business.

          (e) No Action shall be pending or threatened before any court or other Governmental Entity or
before any other Person wherein an unfavorable Order would (i) prevent consummation of any of the
transactions contemplated by this Agreement or the Ancillary Agreements, (ii) affect adversely the
right of Buyer to own the Purchased Assets or (iii) restrain or prohibit Buyer’s ownership or
operation (or that of its Subsidiaries or Affiliates) of all or any material portion of the
Business or Purchased Assets, or compel Buyer or any of its Subsidiaries or Affiliates to dispose
of or hold separate all or any material portion of the Business or Purchased Assets or all or any
material portion of the business and assets of Buyer and its Subsidiaries. No such Order shall be
in effect.

          (f) No Law shall have been enacted or shall be deemed applicable to the transactions
contemplated by this Agreement or the Ancillary Agreements which has any of the effects set forth
in clauses (i) through (iii) in Section 7.2(e).

          (g) [intentionally omitted]

          (h) Seller shall have obtained the Consent of each Person whose Consent is required under the
Material Contracts set forth in Schedule 7.2(h) and shall have provided evidence of each such
Consent in form and substance satisfactory to Buyer.

          (i) Buyer shall have received all Authorizations (including any Environmental Permits) that
are necessary for it to conduct the Business substantially as conducted by Seller on the Balance
Sheet Date and the date of this Agreement.

          (j) Seller shall have delivered to Buyer all agreements and other documents required to be
delivered by Seller to Buyer pursuant to Section 3.2 of this Agreement.

          (k) Buyer shall have received a certificate of the Secretary of Seller dated the Closing Date
and certifying: (A) that attached thereto are true and complete copies of all resolutions adopted
by the Board of Directors and the stockholders of Seller in connection with the transactions
contemplated by this Agreement and the Ancillary Agreements, and that all such resolutions are in
full force and effect and are all the resolutions adopted in connection with the transactions
contemplated by this Agreement

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and the Ancillary Agreements; and (B) to the incumbency and specimen signature of each officer
of Seller executing this Agreement and/or the Ancillary Agreements, and a certification by another
officer of Seller as to the incumbency and signature of the Secretary of Seller.

          (l) Buyer shall have received evidence in form and substance satisfactory to Buyer that all
Liens other than Permitted Liens with respect to the Purchased Assets have been released.

          (m) Buyer shall have received the written opinion of Foley Hoag LLP, dated the Closing Date,
in the form of Exhibit H hereto.

          (n) Buyer shall have completed and shall be fully satisfied in its sole discretion with the
results of its review of, and its other due diligence investigations with respect to, the Business.
Such review may include an analysis by Buyer or its representatives of (i) the results of any
environmental assessment of the Real Property that Buyer shall deem appropriate and (ii)
environmental and OSHA practices and procedures of Seller.

          (o) Buyer shall have received from Seller a Confidentiality, Assignment of Invention,
Non-competition, Non-Solicitation Agreement duly executed by Edward Tourtellotte, whereby Edward
Tourtellotte agrees to be bound by certain confidentiality, assignment of invention,
non-competition and non-solicitation obligations for a period of five (5) years from the Closing
Date.

          (p) [intentionally omitted]

          (q) Buyer shall have received from all Transferred Employees a Confidentiality, Assignment of
Invention, Non-Competition and Non-Solicitation Agreement, whereby such Transferred Employees agree
to be bound by certain confidentiality, assignment of invention, non-competition and
non-solicitation obligations.

     7.3 Conditions to Obligation of Seller. The obligation of Seller to consummate the
transactions contemplated by this Agreement is subject to the satisfaction (or waiver by Seller in
its sole discretion) of the following further conditions:

          (a) The representations and warranties of Buyer and Parent set forth in this Agreement shall
have been true and correct at and as of the date hereof and shall be true and correct at and as of
the Closing Date as if made at and as of the Closing Date, except to the extent that such
representations and warranties refer specifically to an earlier date, in which case such
representations and warranties shall have been true and correct as of such earlier date.

          (b) Buyer and Parent shall have performed or complied with all obligations and covenants
required by this Agreement to be performed or complied with by Buyer at or prior to the Closing.

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          (c) Seller shall have received a certificate dated the Closing Date signed on behalf of Buyer
by the President of Buyer to the effect that the conditions set forth in Section 7.3(a) and 7.3(b)
have been satisfied (the “Buyer Closing Certificate”).

          (d) No Action shall be pending or threatened before any court or other Governmental Entity or
other Person wherein an unfavorable Order would (i) prevent consummation of any of the transactions
contemplated by this Agreement and the Ancillary Agreements or (ii) cause any of the transactions
contemplated by this Agreement and the Ancillary Agreements to be rescinded following consummation.
No such Order shall be in effect.

          (e) Buyer shall have delivered to Seller all agreements and other documents required to be
delivered by Buyer to Seller pursuant to Section 3.3 of this Agreement.

          (f) Seller shall have received a certificate of the Secretary of Buyer dated the Closing Date
and certifying: (A) that attached thereto are true and complete copies of all resolutions adopted
by the Board of Directors of Buyer in connection with the transactions contemplated by this
Agreement and the Ancillary Agreements, and that all such resolutions are in full force and effect
and are all the resolutions adopted in connection with the transactions contemplated by this
Agreement and the Ancillary Agreements; and (B) to the incumbency and specimen signature of each
officer of Buyer executing this Agreement and the Ancillary Agreements to which it is a party, and
a certification by another officer of Buyer as to the incumbency and signature of the Secretary of
Buyer.

ARTICLE VIII

INDEMNIFICATION

     8.1 Survival.

          (a) Except as set forth in Section 8.1(b), all representations and warranties contained in
this Agreement, the Ancillary Agreements, any Schedule, certificate or other document delivered
pursuant to this Agreement or the Ancillary Agreements, shall survive the Closing for a period of
one (1) year.

          (b) The representations and warranties of Seller contained in Sections 4.1 (Organization and
Good Standing), 4.2 (Authority and Enforceability), Section 4.21 (Environmental), 4.26 (Brokers or
Finders), and the representations and warranties of Buyer and Parent contained in Sections 5.1
(Organization and Good Standing), 5.2 (Authority and Enforceability) and 5.6 (Brokers or Finders)
shall survive the Closing for a period of five (5) years following the Closing Date. The
representations and warranties of Seller contained in Sections 4.8 (Taxes) and 4.19 (Employee
Benefits) shall survive the Closing until 60 days after the expiration of the applicable statute of
limitations period (after giving effect to any waivers and extensions thereof).

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          (c) The covenants and agreements which by their terms do not contemplate performance after the
Closing shall survive the Closing for a period of one (1) year. The covenants and agreements which
by their terms contemplate performance after the Closing Date shall survive the Closing until the
earlier of such time as such covenants and agreements shall have been performed in full or the
fifth (5th) anniversary of the Closing Date.

          (d) The period for which a representation or warranty, covenant or agreement survives the
Closing is referred to herein as the “Applicable Survival Period.” In the event notice of claim
for indemnification under Section 8.2 or 8.3 is given within the Applicable Survival Period, the
representation or warranty, covenant or agreement that is the subject of such indemnification claim
(whether or not formal legal action shall have been commenced based upon such claim) shall survive
with respect to such claim until such claim is finally resolved. The Indemnitor shall indemnify the
Indemnitee for all Losses (subject to the limitations set forth herein, if applicable) that the
Indemnitee may incur in respect of such claim, regardless of when incurred.

     8.2 Indemnification by Seller.

          (a) Seller shall indemnify and defend Buyer, Parent and their Affiliates and respective
stockholders, members, managers, officers, directors, employees, agents, successors and assigns
(the “Buyer Indemnitees”) against, and shall hold them harmless from, any and all losses, damages,
claims (including third party claims), charges, interest, penalties, Taxes, diminution in value,
costs and expenses (including legal, consultant, accounting and other professional fees, costs of
sampling, testing, investigation, removal, treatment and remediation of contamination and fees and
costs incurred in enforcing rights under this Section 8.2), and such amounts due to third parties
and Governmental Entities from Buyer even if such third party or Governmental Entity has made no
formal claim (collectively, “Losses”), in each case resulting from, arising out of, or incurred by
any Buyer Indemnitee in connection with, or otherwise with respect to:

               (i) the failure of any representation and warranty or other statement by Seller contained in
this Agreement, the Ancillary Agreements, the Seller Disclosure Schedule or any certificate or
other document furnished or to be furnished to Buyer in connection with the transactions
contemplated by this Agreement and the Ancillary Agreements to be true and correct in all respects
as of the date of this Agreement and as of the Closing Date;

               (ii) any breach of any covenant or agreement of Seller contained in this Agreement, the
Ancillary Agreements, the Seller Disclosure Schedule or any certificate or other document furnished
or to be furnished to Buyer in connection with the transactions contemplated by this Agreement and
the Ancillary Agreements;

               (iii) any Excluded Liability including any Pre-Closing Environmental Liability, regardless of
whether or not the Seller Disclosure Schedule discloses any such Excluded Liability;

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               (iv) any fees, expenses or other payments incurred or owed by Seller to any agent, broker,
investment banker or other firm or person retained or employed by it in connection with the
transactions contemplated by this Agreement and the Ancillary Agreements;

               (v) fraudulent transfer Laws or the failure to comply with any bulk sales Laws and similar
Laws;

provided that for purposes of this Section 8.2, the representations and warranties
herein, the Ancillary Agreements and in the Seller Closing Certificate shall be deemed to have been
made without any qualifications as to materiality and, accordingly, all references herein and
therein to “material,” “in all material respects” and similar qualifications as to materiality
shall be deemed to be deleted therefrom (except where any such provision requires disclosure of
lists of items of a material nature or above a specified threshold).

          (b) Seller shall not be liable for any Loss or Losses pursuant to Section 8.2(a)(i) (“Buyer
Warranty Losses”) (i) unless and until the aggregate amount of all Buyer Warranty Losses incurred
by the Buyer Indemnitees exceeds $50,000, in which event Seller shall be liable for all Buyer
Warranty Losses from the first dollar, and (ii) to the extent that Buyer Warranty Losses exceed in
the aggregate the Initial Cash Consideration; provided, however, nothing
contained in this Section 8.2(b) shall be deemed to limit or restrict in any manner any rights or
remedies which Buyer has, or might have, at Law, in equity or otherwise, based on fraud or a
willful misrepresentation or willful breach of warranty hereunder.

          (c) Buyer Indemnitees shall, prior to seeking any payment directly from Seller, seek to
recover any Losses actually incurred by Buyer Indemnitees, and for which any Buyer Indemnitee is
entitled to be indemnified under this Section 8.2 (which entitlement has been finally determined or
is not disputed by Seller), by means of setoff of any such Losses against the Escrow Fund pursuant
to Section 3.3(a)(ii) and any payments of the Earnout pursuant to Section 2.5 above.

     8.3 Indemnification by Buyer and Parent.

          (a) Buyer and Parent shall indemnify and defend Seller and its Affiliates and their respective
stockholders, members, managers, officers, directors, employees, agents, successors and assigns
(the “Seller Indemnitees”) against, and shall hold them harmless from, any and all Losses resulting
from, arising out of, or incurred by any Seller Indemnitee in connection with, or otherwise with
respect to:

               (i) the failure of any representation and warranty or other statement by Buyer contained in
this Agreement, the Ancillary Agreements, the Buyer Disclosure Schedule or any certificate or other
document furnished or to be furnished to Seller pursuant to this Agreement to be true and correct
in all respects as of the date of this Agreement and as of the Closing Date;

               (ii) any breach of any covenant or agreement of Buyer contained in this Agreement, the
Ancillary Agreements, the Buyer Disclosure Schedule

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or any certificate or other document furnished or to be furnished to Seller in connection with
the transactions contemplated hereby and thereby; and

               (iii) any failure to perform when due the Assumed Liabilities.

provided that for purposes of this Section 8.3, the representations and warranties
herein and in the Buyer Closing Certificate shall be deemed to have been made without any
qualifications as to Knowledge or materiality and, accordingly, all references herein and therein
to “material,” “in all material respects” and similar qualifications as to materiality shall be
deemed to be deleted therefrom (except where any such provision requires disclosure of lists of
items of a material nature or above a specified threshold).

          (b) Neither Buyer nor Parent shall be liable for any Loss or Losses pursuant to Section
8.3(a)(i) (“Seller Warranty Losses”) (i) unless and until the aggregate amount of all Buyer
Warranty Losses incurred by the Buyer Indemnitees exceeds $75,000, in which event Seller shall be
liable for all Buyer Warranty Losses from the first dollar, and (ii) to the extent that Seller
Warranty Losses exceed the amount of the Initial Cash Consideration in the aggregate,
provided, however, nothing contained in this Section 8.3(b) shall be deemed to
limit or restrict in any manner any rights or remedies which Seller has, or might have, at Law, in
equity or otherwise, based (i) on fraud or a willful misrepresentation or willful breach of
warranty hereunder, or (ii) Buyer’s breach of its obligations to make payment of the Purchase
Price, including the Earn Out.

     8.4 Indemnification Procedures for Third Party Claims.

          (a) In the event that an Indemnitee receives notice of the assertion of any claim or the
commencement of any Action by a third party in respect of which indemnity may be sought under the
provisions of this Article VIII (“Third Party Claim”), the Indemnitee shall promptly notify the
Indemnitor in writing of such Third Party Claim (“Notice of Claim”). Failure or delay in notifying
the Indemnitor will not relieve the Indemnitor of any Liability it may have to the Indemnitee,
except and only to the extent that such failure or delay causes actual harm to the Indemnitor with
respect to such Third Party Claim. The Notice of Claim shall set forth the amount, if known, or,
if not known, an estimate of the foreseeable maximum amount of claimed Losses (which estimate shall
not be conclusive of the final amount of such Losses) and a description of the basis for such Third
Party Claim.

          (b) Subject to the further provisions of this Section 8.4, the Indemnitor will have ten (10)
days (or less if the nature of the Third Party Claim requires) from the date on which the
Indemnitor received the Notice of Claim to notify the Indemnitee that the Indemnitor will assume
the defense or prosecution of such Third Party Claim and any litigation resulting therefrom with
counsel of its choice and at its sole cost and expense (a “Third Party Defense”). If the
Indemnitor assumes the Third Party Defense in accordance with the preceding sentence, the
Indemnitor shall be conclusively deemed to have acknowledged that the Third Party Claim is within
the scope of its indemnity obligation hereunder and shall hold the Indemnitee harmless from and
against the full amount of any Losses resulting therefrom (subject to the terms and conditions of
this

58

 

Agreement). Any Indemnitee shall have the right to employ separate counsel in any such Third
Party Defense and to participate therein, but the fees and expenses of such counsel shall not be at
the expense of the Indemnitor unless (A) the Indemnitor shall have failed, within the time after
having been notified by the Indemnitee of the existence of the Third Party Claim as provided in the
first sentence of this paragraph (b), to assume the defense of such Third Party Claim, or (B) the
employment of such counsel has been specifically authorized in writing by the Indemnitor, which
authorization shall not be unreasonably withheld.

          (c) The Indemnitor will not be entitled to assume the Third Party Defense if:

               (i) the Third Party Claim seeks, in addition to or in lieu of monetary damages, any injunctive
or other equitable relief (except where non-monetary relief is merely incidental to a primary claim
or claims for monetary damages);

               (ii) the Third Party Claim relates to or arises in connection with any criminal proceeding,
action, indictment, allegation or investigation;

               (iii) the Third Party Claim relates to or arises in connection with any Environmental Action;

               (iv) the Third Party Claim relates to or arises in connection with any action related to the
Intellectual Property.

               (v) under applicable standards of professional conduct, a conflict on any significant issue
exists between the Indemnitee and the Indemnitor in respect of the Third Party Claim;

               (vi) the Third Party Claim involves a material customer or supplier of the Business;

               (vii) the Indemnitee reasonably believes an adverse determination with respect to the Third
Party Claim would be detrimental to or injure the Indemnitee’s reputation or future business
prospects;

               (viii) upon petition by the Indemnitee, the appropriate court rules that the Indemnitor failed
or is failing to vigorously prosecute or defend such Third Party Claim; or

               (ix) the Indemnitor fails to provide reasonable assurance to the Indemnitee of its financial
capacity to prosecute the Third Party Defense and provide indemnification in accordance with the
provisions of this Agreement or the Third Party Claim would give rise to Losses which are more than
the amount indemnifiable by the Indemnitor pursuant to this Article VIII.

          (d) If, by reason of the Third Party Claim, a Lien, attachment, garnishment or execution is
placed upon any of the property or assets of the Indemnitee,

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the Indemnitor, if it desires to exercise its right to assume such Third Party Defense, must
furnish a satisfactory indemnity bond to obtain the prompt release of such Lien, attachment,
garnishment or execution.

          (e) If the Indemnitor assumes a Third Party Defense, it will take all steps necessary in the
defense, prosecution, or settlement of such claim or litigation and will hold all Indemnitees
harmless from and against all Losses caused by or arising out of such Third Party Claim (subject to
the last sentence of Section 8.4(b)). The Indemnitor will not consent to the entry of any judgment
or enter into any settlement except with the written consent of the Indemnitee to which the
Indemnitor is obligated to furnish indemnification pursuant to this Agreement; provided
that the consent of the Indemnitee shall not be required if all of the following conditions
are met: (i) the terms of the judgment or proposed settlement include as an unconditional term
thereof the giving to the Indemnitees by the third party of a release of the Indemnitees from all
Liability in respect of such Third Party Claim, (ii) there is no finding or admission of (A) any
violation of Law by the Indemnitees (or any Affiliate thereof), (B) any violation of the rights of
any Person and (C) no effect on any other Action or claims of a similar nature that may be made
against the Indemnitees (or any Affiliate thereof), and (iii) the sole form of relief is monetary
damages which are paid in full by the Indemnitor. The Indemnitor shall conduct the defense of the
Third Party Claim actively and diligently, and the Indemnitee will provide reasonable cooperation
in the defense of the Third Party Claim. So long as the Indemnitor is reasonably conducting the
Third Party Defense in good faith, the Indemnitee will not consent to the entry of any judgment or
enter into any settlement with respect to the Third Party Claim without the prior written consent
of the Indemnitor (not to be unreasonably withheld or delayed). Notwithstanding the foregoing,
the Indemnitee shall have the right to pay or settle any such Third Party Claim; provided
that, in such event, subject to the following sentence, it shall waive any right to
indemnity therefor by the Indemnitor for such claim unless the Indemnitor shall have consented to
such payment or settlement (such consent not to be unreasonably withheld or delayed). If the
Indemnitor is not reasonably conducting the Third Party Defense in good faith, the Indemnitee shall
have the right to consent to the entry of any judgment or enter into any settlement with respect to
the Third Party Claim without the prior written consent of the Indemnitor and the Indemnitor shall
reimburse the Indemnitee promptly for all Losses incurred in connection with such judgment or
settlement.

          (f) In the event that (i) an Indemnitee gives Notice of Claim to the Indemnitor and the
Indemnitor fails or elects not to assume a Third Party Defense which the Indemnitor had the right
to assume under this Section 8.4 or (ii) the Indemnitor is not entitled to assume the Third Party
Defense pursuant to this Section 8.4, the Indemnitee shall have the right, with counsel of its
choice, to defend, conduct and control the Third Party Defense, at the sole cost and expense of the
Indemnitor. In each case, the Indemnitee shall conduct the Third Party Defense actively and
diligently, and the Indemnitor will provide reasonable cooperation in the Third Party Defense. The
Indemnitee shall have the right to consent to the entry of any judgment or enter into any
settlement with respect to the Third Party Claim on such terms as it may deem appropriate;
provided, however, that the amount of any settlement made or entry of any
judgment consented to by the Indemnitee without the consent of the Indemnitor shall not

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be determinative of the validity of the claim, except with the consent of the Indemnitor (not
to be unreasonably withheld or delayed). Notwithstanding Section 9.6 hereof, in connection with any
Third Party Claim, the Indemnitor hereby consents to the nonexclusive jurisdiction of any court in
which an Action in respect of a Third Party Claim is brought against any Indemnitee for purposes of
any claim that the Indemnitee may have under this Article VII with respect to such Action or the
matters alleged therein and agrees that process may be served on the Indemnitor with respect to
such a claim anywhere in the world. If the Indemnitor does not elect to assume a Third Party
Defense which it has the right to assume hereunder, the Indemnitee shall have no obligation to do
so.

          (g) Each party to this Agreement shall use its commercially reasonable efforts to cooperate
and to cause its employees to cooperate with and assist the Indemnitee or the Indemnitor, as the
case may be, in connection with any Third Party Defense, including attending conferences, discovery
proceedings, hearings, trials and appeals and furnishing records, information and testimony, as may
reasonably be requested; provided that each party shall use its best efforts, in
respect of any Third Party Claim of which it has assumed the defense, to preserve the
confidentiality of all confidential information and the attorney-client and work-product
privileges.

     8.5 Indemnification Procedures for Non-Third Party Claims. In the event of a claim
that does not involve a Third Party Claim being asserted against it, the Indemnitee shall send a
Notice of Claim to the Indemnitor. The Notice of Claim shall set forth the amount, if known, or,
if not known, an estimate of the foreseeable maximum amount of claimed Losses (which estimate shall
not be conclusive of the final amount of such Losses) and a description of the basis for such
claim. The Indemnitor will have 30 days from receipt of such Notice of Claim to dispute the claim
and will reasonably cooperate and assist the Indemnitee in determining the validity of the claim
for indemnity. If the Indemnitor does not give notice to the Indemnitee that it disputes such
claim within 30 days after its receipt of the Notice of Claim, the claim specified in such Notice
of Claim will be conclusively deemed a Loss subject to indemnification hereunder.

     8.6 Escrow Fund. At the Closing, the Escrow Fund shall be delivered to the Escrow
Agent to be held and administered by the Escrow Agent in accordance with the terms of the Escrow
Agreement. In addition to any other remedies Buyer and Parent may have for Losses described in
Section 8.2 hereof, Buyer and Parent may make a claim against the Escrow Fund for the amount of
such Losses by sending a Notice of Claim described in Section 8.4 or Section 8.5 to the Escrow
Agent. Buyer’s and Parent’s recourse to the Escrow Fund shall be without prejudice to any and all
other remedies Buyer and Parent may have pursuant to this Article VIII. Buyer’s and Parent’s
remedies for Losses shall not be limited to the assets comprising the Escrow Fund, but may also be
setoff against any payments of the Earnout pursuant to Section 2.5 and Section 8.2(c) above at the
option of Buyer and Parent.

     8.7 Effect of Investigation; Waiver. An Indemnitee’s right to indemnification or
other remedies based upon the representations and warranties and

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covenants and agreements of the Indemnitor will not be affected by any investigation or
knowledge of the Indemnitee or any waiver by the Indemnitee of any condition based on the accuracy
of any representation or warranty, or compliance with any covenant or agreement. Such
representations and warranties and covenants and agreements shall not be affected or deemed waived
by reason of the fact that the Indemnitee knew or should have known that any representation or
warranty might be inaccurate or that the Indemnitor failed to comply with any agreement or
covenant. Any investigation by such party shall be for its own protection only and shall not
affect or impair any right or remedy hereunder.

     8.8 Sole and Exclusive Remedy. Except in case of fraud or intentional
misrepresentation by any party, the rights and remedies of the parties to assert indemnification
claims and receive indemnification payments pursuant to this Article VIII shall be the parties’
sole and exclusive right and remedy for monetary damages under this Agreement or any conveyance
document delivered by any party pursuant to this Agreement. Notwithstanding the foregoing, each
party shall be entitled to seek non-monetary equitable relief, including specific performance, with
respect to any breach by any party of any covenants set forth in this Agreement. In no event shall
any Indemnitor be liable to any Indemnitee for any consequential, special or punitive damages;
provided, however, that this limitation shall not apply (i) in the event of fraud
or intentional misrepresentation, (ii) to the extent that an indemnification claim arises out of a
Third Party Claim by a third party that is not an Affiliate of Indemnitee.

     8.9 No Double Recovery. Notwithstanding anything to the contrary herein or in any
Ancillary Agreement, no party shall be entitled to indemnification or reimbursement under any
provision of this Agreement for any amount to the extent such party or its Affiliates has been
indemnified or reimbursed for such amount under any other provision of this Agreement (including
pursuant to any Policy), any Ancillary Agreement, or any document executed in connection with this
Agreement or otherwise. In the event that any Losses for which Seller shall have provided
indemnification to Buyer hereunder are recoverable from one or more Policies, less any expenses
related to such recovery (including, without limitation, reasonable attorneys’ fees), Seller shall
be entitled to such recovery.

ARTICLE IX

MISCELLANEOUS

     9.1 Notices. Any notice, request, demand, waiver, consent, approval or other
communication which is required or permitted hereunder shall be in writing and shall be deemed
given (a) on the date established by the sender as having been delivered personally, (b) on the
date delivered by a private courier as established by the sender by evidence obtained from the
courier, (c) on the date sent by facsimile or other electronic transmission, including electronic
mail, pdf or similar means, with confirmation of transmission, if sent during normal business hours
of the recipient, if not, then on the next business day, or (d) on the fifth day after the date
mailed, by certified or registered mail,

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return receipt requested, postage prepaid. Such communications, to be valid, must be
addressed as follows:

     If to Buyer and Parent, to:

	 	 	 
	 

	 	BioClinica, Inc.
	 

	 	826 Newtown-Yardley Road
	 

	 	Newtown, PA 18940
	 

	 	Attn: Ted Kaminer
	 

	 	Facsimile: 267-757-3385

     With a required copy to:

	 	 	 
	 

	 	Morgan, Lewis & Bockius LLP
	 

	 	502 Carnegie Center
	 

	 	Princeton, New Jersey 08540
	 

	 	Attn: Emilio Ragosa, Esq.
	 

	 	Facsimile: 609-919-6701

     If to Seller, to:

	 	 	 
	 

	 	Tourtellotte Solutions
	 

	 	6 Bryant Lane
	 

	 	Dover, MA 02030
	 

	 	Attn: Ed Tourtellotte

     With a required copy to:

	 	 	 
	 

	 	Foley Hoag LLP
	 

	 	Seaport West
	 

	 	155 Seaport Blvd.
	 

	 	Boston, MA 02210
	 

	 	Attn: William R. Kolb, Esq.
	 

	 	Facsimile: 617-832-7000

or to such other address or to the attention of such Person or Persons as the recipient party has
specified by prior written notice to the sending party (or in the case of counsel, to such other
readily ascertainable business address as such counsel may hereafter maintain). If more than one
method for sending notice as set forth above is used, the earliest notice date established as set
forth above shall control.

     9.2 Amendments and Waivers.

          (a) Any provision of this Agreement may be amended or waived if, and only if, such amendment
or waiver is in writing and is signed, in the case of an

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amendment, by each party to this Agreement, or in the case of a waiver, by the party against
whom the waiver is to be effective.

          (b) No failure or delay by any party in exercising any right or privilege hereunder shall
operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege.

          (c) To the maximum extent permitted by Law, (i) no waiver that may be given by a party shall
be applicable except in the specific instance for which it was given and (ii) no notice to or
demand on one party shall be deemed to be a waiver of any obligation of such party or the right of
the party giving such notice or demand to take further action without notice or demand.

     9.3 Expenses. Each party shall bear its own costs and expenses in connection with
this Agreement, the Ancillary Agreements and the transactions contemplated hereby and thereby,
including all legal, accounting, financial advisory, consulting and all other fees and expenses of
third parties, whether or not the transactions contemplated by this Agreement are consummated.

     9.4 Successors and Assigns. This Agreement may not be assigned by either party hereto
without the prior written consent of the other party; provided that, without such
consent, Buyer or Parent may transfer or assign this Agreement, in whole or in part or from time to
time, to one or more of its Affiliates or upon a Change of Control, but no such transfer or
assignment will relieve Buyer or Parent of its obligations hereunder. Subject to the foregoing,
all of the terms and provisions of this Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective executors, heirs, personal representatives, successors and
assigns. Any successor-in-interest to the Buyer or the Parent, shall specifically agree to be
bound by the obligations of Buyer and Parent pursuant to this Agreement, including the Earnout
obligations, if any, of Buyer set forth in (i) and (ii) of Section 2.5(b) above.

     9.5 Governing Law. This Agreement and Schedules hereto shall be governed by and
interpreted and enforced in accordance with the Laws of the Commonwealth of Pennsylvania, without
giving effect to any choice of Law or conflict of Laws rules or provisions (whether of the
Commonwealth of Pennsylvania or any other jurisdiction) that would cause the application of the
Laws of any jurisdiction other than the Commonwealth of Pennsylvania.

     9.6 Consent to Jurisdiction. Each party irrevocably submits to the exclusive
jurisdiction of (a) the courts of Common Pleas of the Commonwealth of Pennsylvania and (b) the
United States District Court for the Eastern District of Pennsylvania, for the purposes of any
Action arising out of this Agreement or any transaction contemplated hereby. Each party agrees to
commence any such Action either in the Court of Common Pleas of Commonwealth of Pennsylvania, or if
such Action may not be brought in such court for jurisdictional reasons, in the United States
District Court for the Eastern District of Pennsylvania. Each party further agrees that service of
any process, summons, notice

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or document by United States registered mail to such party’s respective address set forth
above shall be effective service of process for any Action in the Commonwealth or U.S. District
Courts for the Commonwealth of Pennsylvania with respect to any matters to which it has submitted
to jurisdiction in this Section 9.6. Each party irrevocably and unconditionally waives any
objection to the laying of venue of any Action arising out of this Agreement or the transactions
contemplated hereby in (i) the Court of Common Pleas of Commonwealth of Pennsylvania, or (ii) the
United States District Court for the Eastern District of Pennsylvania, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any
such Action brought in any such court has been brought in an inconvenient forum. EACH PARTY HEREBY
IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION (WHETHER BASED ON CONTRACT, TORT OR
OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE ANCILLARY AGREEMENTS OR THE ACTIONS
OF SUCH PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF AND THEREOF.

     9.7 Counterparts. This Agreement may be executed in any number of counterparts, and
any party hereto may execute any such counterpart, each of which when executed and delivered shall
be deemed to be an original and all of which counterparts taken together shall constitute but one
and the same instrument. This Agreement shall become effective when each party hereto shall have
received a counterpart hereof signed by the other party hereto. The parties agree that the delivery
of this Agreement, and the delivery of the Ancillary Agreements and any other agreements and
documents at the Closing, may be effected by means of an exchange of facsimile signatures with
original copies to follow by mail or courier service.

     9.8 Third Party Beneficiaries. No provision of this Agreement is intended to confer
upon any Person other than the parties hereto any rights or remedies hereunder; except that in the
case of Article VIII hereof, the other Indemnitees and their respective heirs, executors,
administrators, legal representatives, successors and assigns, are intended third party
beneficiaries of such sections and shall have the right to enforce such sections in their own
names.

     9.9 Entire Agreement. This Agreement, the Ancillary Agreements, the Schedules and the
other documents, instruments and agreements specifically referred to herein or therein or delivered
pursuant hereto or thereto set forth the entire understanding of the parties hereto with respect to
the transactions contemplated by this Agreement. All Schedules referred to herein are intended to
be and hereby are specifically made a part of this Agreement. Any and all previous agreements and
understandings between or among the parties regarding the subject matter hereof, whether written or
oral, are superseded by this Agreement, except for the Confidentiality Agreement which shall
continue in full force and effect in accordance with its terms.

     9.10 Captions. All captions contained in this Agreement are for convenience of
reference only, do not form a part of this Agreement and shall not affect in any way the meaning or
interpretation of this Agreement.

65

 

     9.11 Severability. Subject to Section 6.13(d), any provision of this Agreement which
is invalid or unenforceable in any jurisdiction shall be ineffective to the extent of such
invalidity or unenforceability without invalidating or rendering unenforceable the remaining
provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction.

     9.12 Specific Performance. Buyer and Seller each agree that irreparable damage would
occur in the event that any of the provisions of this Agreement were not performed by them in
accordance with the terms hereof and that each party shall be entitled to specific performance of
the terms hereof, in addition to any other remedy at Law or equity.

     9.13 Interpretation.

          (a) The meaning assigned to each term defined herein shall be equally applicable to both the
singular and the plural forms of such term and vice versa, and words denoting either gender shall
include both genders as the context requires. Where a word or phrase is defined herein, each of its
other grammatical forms shall have a corresponding meaning.

          (b) The terms “hereof”, “herein” and “herewith” and words of similar import shall, unless
otherwise stated, be construed to refer to this Agreement as a whole and not to any particular
provision of this Agreement.

          (c) When a reference is made in this Agreement to an Article, Section, paragraph, Exhibit or
Schedule, such reference is to an Article, Section, paragraph, Exhibit or Schedule to this
Agreement unless otherwise specified.

          (d) The word “include”, “includes”, and “including” when used in this Agreement shall be
deemed to be followed by the words “without limitation”, unless otherwise specified.

          (e) A reference to any party to this Agreement or any other agreement or document shall
include such party’s predecessors, successors and permitted assigns.

          (f) Reference to any Law means such Law as amended, modified, codified, replaced or reenacted,
and all rules and regulations promulgated thereunder.

          (g) The parties have participated jointly in the negotiation and drafting of this Agreement
and the Ancillary Agreements. Any rule of construction or interpretation otherwise requiring this
Agreement or the Ancillary Agreements to be construed or interpreted against any party by virtue of
the authorship of this Agreement or the Ancillary Agreements shall not apply to the construction
and interpretation hereof and thereof.

66

 

          (h) All accounting terms used and not defined herein shall have the respective meanings given
to them under GAAP.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

67

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their
respective authorized officers as of the date first above written.

	 	 	 	 	 
	 	BioClinica, Inc.

 	 
	 	By:  	/s/ Ted I. Kaminer
 	 
	 	 	Name:  	Ted I. Kaminer 	 
	 	 	Title:  	Executive V.P. and CFO 	 
	 
	 	BioClinica Acquisition, Inc.

 	 
	 	By:  	/s/ Mark L. Weinstein
 	 
	 	 	Name:  	Mark L. Weinstein 	 
	 	 	Title:  	President and CEO 	 
	 
	 	Tourtellotte Solutions, Inc.

 	 
	 	By:  	/s/ Edward Tourtellotte
 	 
	 	 	Name:  	Edward Tourtellotte 	 
	 	 	Title:  	Presidentexv10w1

Exhibit 10.1

Execution Version

      

Published
CUSIP Number: 48354VAAO

REVOLVING CREDIT AGREEMENT

Dated as of September 17, 2009

among

KAMAN CORPORATION

and

CERTAIN SUBSIDIARIES,

as Borrowers,

BANK OF AMERICA, N.A.

and

THE BANK OF NOVA SCOTIA,

as the Co-Administrative Agents for the Lenders,

BANK OF AMERICA, N.A.,

as the Administrator and Collateral Agent,

The Other Lenders Party Hereto,

RBS CITIZENS, NATIONAL ASSOCIATION,

as Syndication Agent,

and

BANC OF AMERICA SECURITIES LLC,

THE BANK OF NOVA SCOTIA,

and

RBS SECURITIES INC.,

as the Co-Lead Arrangers and Book Managers

      

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	 
	 	 	 	 
	1.01. Defined Terms
	 	 	1	 
	 
	 	 	 	 
	1.02. Other Interpretive Provisions
	 	 	27	 
	 
	 	 	 	 
	1.03. Accounting Terms
	 	 	28	 
	 
	 	 	 	 
	1.04. Rounding
	 	 	28	 
	 
	 	 	 	 
	1.05. Exchange Rates; Currency Equivalents
	 	 	28	 
	 
	 	 	 	 
	1.06. Additional Alternative Currencies
	 	 	29	 
	 
	 	 	 	 
	1.07. Change of Currency
	 	 	30	 
	 
	 	 	 	 
	1.08. Times of Day
	 	 	30	 
	 
	 	 	 	 
	1.09. Letter of Credit Amounts
	 	 	30	 
	 
	 	 	 	 
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
	 	 	30	 
	 
	 	 	 	 
	2.01. Committed Loans
	 	 	30	 
	 
	 	 	 	 
	2.02. Borrowings, Conversions and Continuations of Committed Loans
	 	 	31	 
	 
	 	 	 	 
	2.03. Letters of Credit
	 	 	33	 
	 
	 	 	 	 
	2.04. Swing Line Loans
	 	 	41	 
	 
	 	 	 	 
	2.05. Prepayments
	 	 	44	 
	 
	 	 	 	 
	2.06. Termination or Reduction of Commitments
	 	 	45	 
	 
	 	 	 	 
	2.07. Repayment of Loans
	 	 	45	 
	 
	 	 	 	 
	2.08. Interest
	 	 	46	 
	 
	 	 	 	 
	2.09. Fees
	 	 	46	 
	 
	 	 	 	 
	2.10. Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate

	 	 	48	 
	 
	2.11. Evidence of Debt
	 	 	49	 
	 
	2.12. Payments Generally; Administrator’s Clawback
	 	 	49	 
	 
	 	 	 	 
	2.13. Sharing of Payments by Lenders
	 	 	51	 
	 
	 	 	 	 
	2.14. Designated Borrowers
	 	 	52	 
	 
	 	 	 	 
	2.15. Increase in Commitments
	 	 	53	 
	 
	 	 	 	 
	2.16. Collateral and Guaranties
	 	 	54	 
	 
	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	55	 
	 
	 	 	 	 
	3.01. Taxes
	 	 	55	 
	 
	 	 	 	 
	3.02. Illegality
	 	 	59	 

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	(continued)

	 	 	Page
	 
	 
	 	 	 	 
	 
	 	 	 	 
	3.03. Inability to Determine Rates
	 	 	59	 
	 
	 	 	 	 
	3.04. Increased Costs; Reserves on Eurocurrency Rate Loans
	 	 	60	 
	 
	 	 	 	 
	3.05. Compensation for Losses
	 	 	62	 
	 
	 	 	 	 
	3.06. Mitigation Obligations; Replacement of Lenders
	 	 	62	 
	 
	 	 	 	 
	3.07. Survival
	 	 	63	 
	 
	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 	 	63	 
	 
	 	 	 	 
	4.01. Conditions of Initial Credit Extension
	 	 	63	 
	 
	 	 	 	 
	4.02. Conditions to all Credit Extensions
	 	 	66	 
	 
	 	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES
	 	 	67	 
	 
	 	 	 	 
	5.01. Due Organization; Good Standing; Qualification
	 	 	67	 
	 
	 	 	 	 
	5.02. Due Authorization; No Conflicts
	 	 	67	 
	 
	 	 	 	 
	5.03. Binding Agreements
	 	 	67	 
	 
	 	 	 	 
	5.04. Subsidiaries; Maintenance of Domestic Subsidiary Guarantee
	 	 	68	 
	 
	 	 	 	 
	5.05. No Default
	 	 	68	 
	 
	 	 	 	 
	5.06. Financial Statements
	 	 	68	 
	 
	 	 	 	 
	5.07. No Material Adverse Changes
	 	 	68	 
	 
	 	 	 	 
	5.08. No Material Litigation
	 	 	68	 
	 
	 	 	 	 
	5.09. Environmental Compliance
	 	 	68	 
	 
	 	 	 	 
	5.10. Liens
	 	 	69	 
	 
	 	 	 	 
	5.11. ERISA Compliance
	 	 	69	 
	 
	 	 	 	 
	5.12. Ownership of Properties
	 	 	70	 
	 
	 	 	 	 
	5.13. Taxes
	 	 	70	 
	 
	 	 	 	 
	5.14. Regulations U and X
	 	 	70	 
	 
	 	 	 	 
	5.15. Investment Company Act
	 	 	71	 
	 
	 	 	 	 
	5.16. Accuracy of Information
	 	 	71	 
	 
	 	 	 	 
	5.17. Use of Proceeds
	 	 	71	 
	 
	 	 	 	 
	5.18. Compliance with Laws
	 	 	71	 
	 
	 	 	 	 
	5.19. Representations as to Foreign Subsidiaries
	 	 	71	 
	 
	 	 	 	 
	5.20. Governmental Authorization; Other Consents
	 	 	72	 
	 
	 	 	 	 
	5.21. Insurance
	 	 	72	 
	 
	 	 	 	 
	5.22.
Intellectual Property; Licenses, Etc.
	 	 	72	 

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	(continued)

	 	 	Page
	 
	5.23. Solvency
	 	 	73	 
	 
	 	 	 	 
	5.24. Collateral Documents
	 	 	73	 
	 
	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS
	 	 	73	 
	 
	 	 	 	 
	6.01. Financial Statements
	 	 	73	 
	 
	 	 	 	 
	6.02. Securities Regulation Compliance Reports
	 	 	74	 
	 
	 	 	 	 
	6.03. Insurance
	 	 	75	 
	 
	 	 	 	 
	6.04. Conduct of Business
	 	 	75	 
	 
	 	 	 	 
	6.05. Records and Accounts
	 	 	76	 
	 
	 	 	 	 
	6.06. Inspection
	 	 	76	 
	 
	 	 	 	 
	6.07. Domestic Subsidiary Guarantees
	 	 	76	 
	 
	 	 	 	 
	6.08. Further Assurances
	 	 	76	 
	 
	 	 	 	 
	6.09. Payment of Obligations
	 	 	76	 
	 
	 	 	 	 
	6.10. Compliance with Laws
	 	 	77	 
	 
	 	 	 	 
	6.11. Notices
	 	 	77	 
	 
	 	 	 	 
	6.12. Use of Proceeds
	 	 	77	 
	 
	 	 	 	 
	6.13. Covenant to Guarantee Obligations and Give Security
	 	 	78	 
	 
	 	 	 	 
	6.14. Compliance with Environmental Laws
	 	 	79	 
	 
	 	 	 	 
	6.15. Approvals and Authorizations
	 	 	79	 
	 
	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS
	 	 	79	 
	 
	 	 	 	 
	7.01. Liens
	 	 	79	 
	 
	 	 	 	 
	7.02. Limitation on Indebtedness
	 	 	80	 
	 
	 	 	 	 
	7.03. Contingent Liabilities
	 	 	81	 
	 
	 	 	 	 
	7.04. Consolidation or Merger
	 	 	81	 
	 
	 	 	 	 
	7.05. Limitation on Certain Other Fundamental Changes; Amendment to
Organization Documents
	 	 	82	 
	 
	 	 	 	 
	7.06. Sale of Assets
	 	 	82	 
	 
	 	 	 	 
	7.07. Affiliate Transactions
	 	 	83	 
	 
	 	 	 	 
	7.08. Certain Restrictive Agreements
	 	 	83	 
	 
	 	 	 	 
	7.09. Compliance With Environmental Laws
	 	 	83	 
	 
	 	 	 	 
	7.10. Limitation on Investments
	 	 	83	 
	 
	 	 	 	 
	7.11. Limitations on Acquisitions
	 	 	84	 

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	(continued)

	 	 	Page
	 
	7.12. Fiscal Year; Accounting Changes
	 	 	84	 
	 
	 	 	 	 
	7.13. Limitations on Transfers to Foreign Subsidiaries
	 	 	84	 
	 
	 	 	 	 
	7.14. Most Favored Lender
	 	 	84	 
	 
	 	 	 	 
	7.15. Change in Nature of Business
	 	 	85	 
	 
	 	 	 	 
	7.16. Use of Proceeds
	 	 	85	 
	 
	 	 	 	 
	7.17. Prepayments, Etc. of Unsecured Indebtedness
	 	 	85	 
	 
	 	 	 	 
	7.18. Financial Covenants
	 	 	85	 
	 
	 	 	 	 
	7.19. Limitations on Swap Contracts
	 	 	86	 
	 
	 	 	 	 
	7.20. Limitation on Obligations under Secured Hedge Agreements, Secured Cash
Management Agreements and Secured Lines
	 	 	86	 
	 
	 	 	 	 
	ARTICLE
VIII. EVENTS OF DEFAULT; CERTAIN REMEDIES
	 	 	86	 
	 
	 	 	 	 
	8.01. Events of Default
	 	 	86	 
	 
	 	 	 	 
	8.02. Remedies Upon Event of Default
	 	 	88	 
	 
	 	 	 	 
	8.03. Application of Funds
	 	 	88	 
	 
	 	 	 	 
	ARTICLE IX. THE CO-ADMINISTRATIVE AGENTS,
COLLATERAL AGENT AND THE ADMINISTRATOR
	 	 	89	 
	 
	 	 	 	 
	9.01. Appointment and Authority
	 	 	89	 
	 
	 	 	 	 
	9.02. Rights as a Lender
	 	 	90	 
	 
	 	 	 	 
	9.03. Exculpatory Provisions
	 	 	90	 
	 
	 	 	 	 
	9.04. Reliance by each Co-Administrative Agent, the Collateral Agent and the
Administrator
	 	 	91	 
	 
	 	 	 	 
	9.05. Delegation of Duties
	 	 	92	 
	 
	 	 	 	 
	9.06. Resignation of Any Co-Administrative Agent, the Collateral Agent or
the Administrator
	 	 	92	 
	 
	 	 	 	 
	9.07. Non-Reliance on Any Co-Administrative Agent, the Collateral Agent the
Administrator and Other Lenders
	 	 	93	 
	 
	 	 	 	 
	9.08. No
Other Duties, Etc.
	 	 	93	 
	 
	 	 	 	 
	9.09. Co-Administrative Agents, Collateral Agent and Administrator May File
Proofs of Claim
	 	 	94	 
	 
	 	 	 	 
	9.10. Collateral Matters
	 	 	95	 
	 
	 	 	 	 
	9.11. Guaranty Matters
	 	 	95	 
	 
	 	 	 	 
	9.12. Secured Cash Management Agreements, Secured Hedge Agreements and
Secured Lines
	 	 	95	 

-iv-

 

	 	 	 	 	 
	TABLE OF CONTENTS

	(continued)

	 	 	Page
	 
	ARTICLE X. MISCELLANEOUS
	 	 	96	 
	 
	 	 	 	 
	10.01.
Amendments, Etc.
	 	 	96	 
	 
	 	 	 	 
	10.02. Notices; Effectiveness; Electronic Communication
	 	 	98	 
	 
	 	 	 	 
	10.03. No Waiver; Cumulative Remedies; Enforcement
	 	 	100	 
	 
	 	 	 	 
	10.04. Expenses; Indemnity; Damage Waiver
	 	 	100	 
	 
	 	 	 	 
	10.05. Payments Set Aside
	 	 	103	 
	 
	 	 	 	 
	10.06. Successors and Assigns
	 	 	103	 
	 
	 	 	 	 
	10.07. Treatment of Certain Information; Confidentiality
	 	 	107	 
	 
	 	 	 	 
	10.08. Right of Setoff
	 	 	107	 
	 
	 	 	 	 
	10.09. Interest Rate Limitation
	 	 	108	 
	 
	 	 	 	 
	10.10. Counterparts; Integration; Effectiveness
	 	 	108	 
	 
	 	 	 	 
	10.11. Survival of Representations and Warranties
	 	 	108	 
	 
	 	 	 	 
	10.12. Severability
	 	 	109	 
	 
	 	 	 	 
	10.13. Replacement of Lenders
	 	 	109	 
	 
	 	 	 	 
	10.14.
Governing Law; Jurisdiction; Etc.
	 	 	110	 
	 
	 	 	 	 
	10.15. Waiver of Jury Trial
	 	 	111	 
	 
	 	 	 	 
	10.16. No Advisory or Fiduciary Responsibility
	 	 	111	 
	 
	 	 	 	 
	10.17. Electronic Execution of Assignments and Certain Other Documents
	 	 	112	 
	 
	 	 	 	 
	10.18. USA Patriot Act
	 	 	112	 
	 
	 	 	 	 
	10.19. Judgment Currency
	 	 	112	 

-v-

 

SCHEDULES

	 	 	 
	1.01A

	 	Existing Letters of Credit
	1.01B

	 	Mandatory Cost Formulae
	2.01

	 	Commitments and Applicable Percentages
	5.04

	 	Subsidiaries; Other Equity Investments
	5.12(b)

	 	Liens
	5.12(c)

	 	Investments
	5.22

	 	Intellectual Property Matters
	7.17

	 	Existing Indebtedness
	10.02

	 	Co-Administrative Agent’s Office; Certain Addresses for Notices

EXHIBITS

	 	 	 
	A

	 	Form of Committed Loan Notice
	B

	 	Form of Swing Line Loan Notice
	C

	 	Form of Note
	D

	 	Form of Compliance Certificate
	E

	 	Form of Assignment and Assumption
	F

	 	Form of Intercreditor Agreement
	G

	 	Designated Borrower Request and Assumption Agreement
	H

	 	Designated Borrower Notice

-vi-

 

REVOLVING CREDIT AGREEMENT

     This REVOLVING CREDIT AGREEMENT (“Agreement”) is entered into as of September 17,
2009, among KAMAN CORPORATION, a Connecticut corporation (the “Company”), certain
Subsidiaries of the Company party hereto pursuant to Section 2.14 (each a “Designated
Borrower” and, together with the Company, the “Borrowers” and, each a
“Borrower”), each lender from time to time party hereto (collectively, the
“Lenders” and individually, a “Lender”), BANK OF AMERICA, N.A. (“Bank of
America”), and THE BANK OF NOVA SCOTIA (“Scotia Capital”), as Co-Administrative Agents
(individually, a “Co-Administrative Agent” and collectively, the “Co-Administrative
Agents”) for the Lenders, RBS CITIZENS, NATIONAL ASSOCIATION, as Syndication Agent (in such
capacity, the “Syndication Agent”), and BANK OF AMERICA, as the Administrator for the
Lenders (in such capacity, the “Administrator”) and as Collateral Agent for the Secured
Parties (in such capacity, the “Collateral Agent”).

     WHEREAS, the Borrowers have requested that the Lenders provide a revolving credit facility and
the Lenders are willing to do so on the terms and conditions set forth herein;

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

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

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

     “Acquisition” means any transaction or series of related transactions consummated on
or after the Closing Date, by which the Company or any of its Subsidiaries (a) acquires any ongoing
business or all or substantially all of the assets of any Person or division thereof, whether
through purchase of assets, merger or otherwise, or (b) directly or indirectly acquires (in one
transaction or as the most recent transaction in a series of transactions) a majority of the
securities of a corporation, which securities have ordinary voting power for the election of
directors (other than securities having such power only by reason of the happening of a
contingency) or a majority (by percentage and voting power) of the outstanding partnership
interests of a partnership or membership interests of a limited liability company.

     “Administrative Questionnaire” means an Administrative Questionnaire in form and
substance satisfactory to the Administrator.

     “Administrator” means Bank of America as the “Administrator” hereunder and any
successor, transferee and assign thereof in such capacity.

     “Administrator Fee Letter” means that letter, dated as of August 5, 2009, among the
Administrator, Banc of America Securities LLC and the Company in connection with this Agreement.

 

 

     “Administrator’s Funding Office” means, with respect to any currency, the
Administrator’s address and, as appropriate, account set forth on Schedule 10.02 with
respect to such currency, or such other address or account with respect to such currency as the
Administrator may from time to time notify the Company.

     “Affiliate” means, with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

     “Aggregate Commitments” means the Commitments of all the Lenders.

     “Agreement” means this Revolving Credit Agreement, as amended, restated, supplemented
or otherwise modified from time to time.

     “Alternative Currency” means each of Euro, Sterling, Yen, Australian Dollar, New
Zealand Dollar, Canadian Dollar, Swiss Franc, Swedish Kroner and each other currency (other than
Dollars) that is approved in accordance with Section 1.06.

     “Alternative Currency Equivalent” means, at any time, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Administrator or the L/C Issuer, as the case may be, at such time on the basis of
the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such
Alternative Currency with Dollars.

     “Alternative Currency Sublimit” means an amount equal to the lesser of the Aggregate
Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to,
the Aggregate Commitments.

     “Annual Basket Amount” has the meaning specified in Section 7.06(e).

     “Annual Period” has the meaning specified in Section 7.06(e).

     “Applicable Percentage” means with respect to any Lender at any time, the percentage
(carried out to the ninth decimal place) of the Aggregate Commitments represented by such Lender’s
Commitment at such time. If the commitment of each Lender to make Loans and the obligation of the
L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02 or
if the Aggregate Commitments have expired, then the Applicable Percentage of each Lender shall be
determined based on the Applicable Percentage of such Lender most recently in effect, giving effect
to any subsequent assignments. The initial Applicable Percentage of each Lender is set forth
opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable.

     “Applicable Rate” means (a) from the Closing Date to the date on which the
Administrator receives a Compliance Certificate for the second full fiscal quarter ending after the
Closing Date pursuant to Section 6.01(b), the Applicable Rate set forth as Pricing Level 3
in the grid below and (b) thereafter, the applicable percentage per annum set forth below
determined by

-2-

 

reference to the Consolidated Senior Secured Leverage Ratio as set forth in the most recent
Compliance Certificate received by the Administrator pursuant to Section 6.01(b):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Applicable Rate
	 	 	Consolidated	 	 	 	 	 	 	 	 	 	 
	 	 	Senior	 	 	 	 	 	 	 	 	 	 
	 	 	Secured	 	 	 	 	 	Applicable Rate	 	Applicable Rate	 	 
	Pricing	 	Leverage	 	Commitment	 	for Eurocurrency	 	for Base Rate	 	Letter of Credit
	Level	 	Ratio	 	Fee	 	Rate Loans	 	Loans	 	Fee
	1
	 	 	< 1.00x	 	 	50.0 bps	 	275.0 bps	 	175.0 bps	 	275.0 bps
	 
	2
	 	> 1.00x but	 	50.0 bps	 	300.0 bps	 	200.0 bps	 	300.0 bps
	 
	 	 	< 1.50x	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	3
	 	> 1.50x but	 	55.0 bps	 	350.0 bps	 	250.0 bps	 	350.0 bps
	 
	 	 	< 2.00x	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	4
	 	> 2.00x but	 	65.0 bps	 	400.0 bps	 	300.0 bps	 	400.0 bps
	 
	 	 	< 2.50x	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	5
	 	 	> 2.50x	 	 	75.0 bps	 	450.0 bps	 	350.0 bps	 	450.0 bps

Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Senior
Secured Leverage Ratio shall become effective as of the date a Compliance Certificate is received
by the Administrator pursuant to Section 6.01(b); provided, however, that
if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon
the request of the Required Lenders, Pricing Level 5 shall apply as of the first Business Day after
the date on which such Compliance Certificate was required to have been delivered and in each case
shall remain in effect until the date on which such Compliance Certificate is delivered.

     Notwithstanding anything to the contrary contained in this definition, the determination of
the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b).

     “Applicable Time” means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Administrator or the L/C Issuer, as the case may be, to be necessary for
timely settlement on the relevant date in accordance with normal banking procedures in the place of
payment.

     “Applicant Borrower” has the meaning specified in Section 2.14(a).

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

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

-3-

 

     “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by
Section 10.06(b)), and accepted by the Company and each Co-Administrative Agent, in
substantially the form of Exhibit E or any other form approved by each Co-Administrative
Agent.

     “AUD” or “Australian Dollar” means the lawful currency of Australia.

     “Audited Financial Statements” means the audited consolidated balance sheet of the
Company and its Subsidiaries for the fiscal year ended December 31, 2008, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such
fiscal year of the Company and its Subsidiaries, including the notes thereto.

     “Australian Letter of Credit” means, collectively, the irrevocable standby letters of
credit issued by (i) JPMorgan Chase Bank, N.A. in favor of JPMorgan Chase Bank, N.A. (Australia)
for the account of KAIC (or Kaman Aerospace Corporation, as successor by merger to KAIC), in an
aggregate outstanding amount not to exceed AUD39,516,000 at any time, pursuant to that certain
Continuing Agreement for Commercial & Standby Letters of Credit among Kaman Corporation, KAIC and
JPMorgan Chase Bank, N.A., dated September 4, 2008 and (ii) JPMorgan Chase Bank, N.A. (Australia)
in favor of The Commonwealth of Australia for the account of KAIC (or Kaman Aerospace Corporation,
as successor by merger to KAIC), in an aggregate outstanding amount not to exceed AUD39,516,000 at
any time, pursuant to that certain Settlement Deed dated March 19, 2008 (as amended prior to the
date hereof), by and among The Commonwealth of Australia as represented by the Department of
Defense, KAIC, Kaman Aerospace Corporation, and Kaman Corporation; provided,
however, that for purposes of calculating the L/C Obligations, the foregoing Letters of
Credit shall be calculated as one Letter of Credit in an aggregate amount not to exceed
AUD39,516,000 at any time.

     “Availability Period” means the period from and including the Closing Date to the
earliest of (a) the Maturity Date, (b) the date of termination of the Aggregate Commitments
pursuant to Section 2.06, and (c) the date of termination of the commitment of each Lender
to make Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to
Section 8.02.

     “Bank of America” means Bank of America, N.A. and its successors.

     “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a)
the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly
announced from time to time by Bank of America as its “prime rate”, and (c) BBA LIBOR for a Loan in
Dollars for a one-month Interest Period, plus 1.00%. The “prime rate” is a rate set by Bank of
America based upon various factors including Bank of America’s costs and desired return, general
economic conditions and other factors, and is used as a reference point for pricing some loans,
which may be priced at, above, or below such announced rate. Any change in such rate announced by
Bank of America shall take effect at the opening of business on the day specified in the public
announcement of such change.

     “Base Rate Committed Loan” means a Committed Loan that is a Base Rate Loan.

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     “Base Rate Loan” means all or any portion of any Loan made hereunder that bears
interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.

     “BBA LIBOR” means the British Bankers Association LIBOR Rate, as published by Reuters
(or, where the rate is undeterminable from Reuters, another commercially available source providing
quotations of BBA LIBOR as designated by the Administrator from time to time) at approximately
11:00 a.m., London time, two Business Days prior to the commencement of the applicable Interest
Period.

     “Borrower” and “Borrowers” each has the meaning specified in the introductory
paragraph hereto.

     “Borrower Materials” has the meaning specified in Section 6.02.

     “Borrowing” means a Committed Borrowing or a Swing Line Borrowing, as the context may
require.

     “Brookhouse Investments” means Investments in an amount not to exceed $125,000,000 in
the aggregate made by the Company or any of its Subsidiaries, in Kaman UK Holdings Limited or any
of its Subsidiaries pursuant to the UK Acquisition (it being understood that $93,800,000 of such
Investments have been invested prior to the Closing Date and the remaining $31,200,000 of such
Investments may be made after the Closing Date); provided, however, that to the
extent any such Investments are in the form of intercompany loans, such intercompany loans may be
repaid and additional intercompany loans may be made in an aggregate amount not to exceed the
amount of such repayments.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, (i) the state
where the Administrator’s Funding Office with respect to Obligations denominated in Dollars is
located, (ii) Hartford, Connecticut, (iii) New York, New York or (iv) Boston, Massachusetts, and:

     (a) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in
respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried
out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such
day on which dealings in deposits in Dollars are conducted by and between banks in the
London interbank eurodollar market;

     (b) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Euro, any fundings, disbursements, settlements and payments in Euro in
respect of any such Eurocurrency Rate Loan, or any other dealings in Euro to be carried out
pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means a TARGET
Day;

     (c) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in a currency other than Dollars or Euro, means any such day on

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which dealings in deposits in the relevant currency are conducted by and between banks
in the London or other applicable offshore interbank market for such currency; and

     (d) if such day relates to any fundings, disbursements, settlements and payments in a
currency other than Dollars or Euro in respect of a Eurocurrency Rate Loan denominated in a
currency other than Dollars or Euro, or any other dealings in any currency other than
Dollars or Euro to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan (other than any interest rate settings), means any such day on which
banks are open for foreign exchange business in the principal financial center of the
country of such currency.

     “Canadian Dollar” or “CAD” means the lawful currency of Canada.

     “Capital Expenditures” means, with respect to any Person for any period, any
expenditure in respect of the purchase or other acquisition of any fixed or capital asset
(excluding normal replacements and maintenance which are properly charged to current operations).

     “Cash Collateralize” has the meaning specified in Section 2.03(h).

     “Cash Equivalents” means any of the following types of Investments, to the extent
owned by any Borrower or any of its Subsidiaries free and clear of all Liens (other than Liens
created under the Collateral Documents and other Liens permitted hereunder):

     (a) readily marketable obligations issued or directly and fully guaranteed or insured by the
United States of America or any agency or instrumentality thereof having maturities of not more
than 360 days from the date of acquisition thereof; provided that the full faith and credit
of the United States is pledged in support thereof;

     (b) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any
commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United States,
any state thereof or the District of Columbia or is the principal banking subsidiary of a bank
holding company organized under the laws of the United States, any state thereof or the District of
Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which
issues) commercial paper rated as described in clause (c) of this definition and (iii) has combined
capital and surplus of at least $1,000,000,000, in each case with maturities of not more than 270
days from the date of acquisition thereof;

     (c) commercial paper issued by any Person organized under the laws of any state of the United
States and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or
the then equivalent grade) by S&P, in each case with maturities of not more than 270 days from the
date of acquisition thereof; and

     (d) Investments, classified in accordance with GAAP as current assets of any Borrower or any
of its Subsidiaries, in money market investment programs registered under the Investment Company
Act of 1940, which are administered by financial institutions that have the highest rating
obtainable from either Moody’s or S&P, and the portfolios of which are limited solely to
Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this
definition.

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     “Cash Management Agreement” means any agreement to provide cash management services,
including treasury, depository, overdraft, credit or debit card, electronic funds transfer and
other cash management arrangements.

     “Cash Management Bank” means any Person that is a Lender or an Affiliate of a Lender
and is party to a Cash Management Agreement (or was a Lender or an Affiliate of a Lender at the
time such Person entered into such Cash Management Agreement) in its capacity as a party to such
Cash Management Agreement.

     “CFC” means a Person that is a controlled foreign corporation under Section 957 of the
Code.

     “Change in Law” means the occurrence, after the date of this Agreement, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change
in any law, rule, regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or
directive (whether or not having the force of law) by any Governmental Authority.

     “Change of Control” means an event or series of events by which:

     (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act, but excluding any employee benefit plan of such person or its
subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary
or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Securities Exchange Act, except that a person or group shall be deemed to have
“beneficial ownership” of all securities that such person or group has the right to acquire,
whether such right is exercisable immediately or only after the passage of time (such right, an
“option right”)), directly or indirectly, of 35% or more of the equity securities of the
Company entitled to vote for members of the board of directors or equivalent governing body of the
Company on a fully-diluted basis (and taking into account all such securities that such person or
group has the right to acquire pursuant to any option right); or

     (b) during any period of 24 consecutive months, a majority of the members of the board of
directors or other equivalent governing body of the Company cease to be composed of individuals (i)
who were members of that board or equivalent governing body on the first day of such period, (ii)
whose election or nomination to that board or equivalent governing body was approved by individuals
referred to in clause (i) above constituting at the time of such election or nomination at least a
majority of that board or equivalent governing body or (iii) whose election or nomination to that
board or other equivalent governing body was approved by individuals referred to in clauses (i) and
(ii) above constituting at the time of such election or nomination at least a majority of that
board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii),
any individual whose initial nomination for, or assumption of office as, a member of that board or
equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any person or group other than a
solicitation for the election of one or more directors by or on behalf of the board of directors).

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     “Closing Date” means the first date all the conditions precedent in Section
4.01 are satisfied or waived in accordance with Section 10.01.

     “Co-Administrative Agent” and “Co-Administrative Agents” shall have the
respective meanings ascribed to such terms in the introductory paragraph hereto.

     “Code” means the Internal Revenue Code of 1986 and all rules and regulations
promulgated pursuant thereto, as the same may from time to time be supplemented or amended.

     “Co-Lead Arrangers” means Banc of America Securities LLC, Scotia Capital and RBS
Securities Inc, in their respective capacities as co-lead arrangers and co-book managers.

     “Collateral” means all of the “Collateral” referred to in the Collateral
Documents and all of the other property that is or is intended under the terms of the Collateral
Documents to be subject to Liens in favor of the Collateral Agent for the benefit of the Secured
Parties.

     “Collateral Agent” has the meaning specified in the introductory paragraph hereto.

     “Collateral Documents” means, collectively, the Security Agreement, the Securities
Pledge Agreement, the Share Charge, the Intellectual Property Security Agreements, each of the
security agreements, pledge agreements or other similar agreements or supplements delivered to the
Collateral Agent pursuant to Section 4.01 or Section 6.13, and each of the other
agreements, instruments, supplements or documents that creates or purports to create a Lien in
favor of the Collateral Agent for the benefit of the Secured Parties.

     “Commitment” means, as to each Lender, its obligation to (a) make Committed Loans to
the Borrowers pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and
(c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time
outstanding not to exceed the Dollar amount set forth opposite such Lender’s name on Schedule
2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

     “Committed Borrowing” means a borrowing consisting of simultaneous Committed Loans of
the same Type, in the same currency and, in the case of Eurocurrency Rate Loans, having the same
Interest Period made by each of the Lenders pursuant to Section 2.01.

     “Committed Loan” has the meaning specified in Section 2.01.

     “Committed Loan Notice” means a notice of (a) a Committed Borrowing, (b) a conversion
of Committed Loans from one Type to the other, or (c) a continuation of Eurocurrency Rate Loans,
pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of
Exhibit A.

     “Company” has the meaning specified in the introductory paragraph hereto.

     “Company Guarantee” means the Company Guarantee made by the Company in favor of the
Secured Parties, in form and substance reasonably satisfactory to the Co-Administrative

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Agents, as amended, supplemented, amended and restated or otherwise modified from time to
time.

     “Compliance Certificate” means a certificate substantially in the form of Exhibit
D.

     “Consolidated Adjusted Fixed Charge Coverage Ratio” means, at any date of
determination, the ratio of (a) Consolidated EBITA for the most recently completed Measurement
Period, to (b) the sum of (i) Consolidated Interest Charges (net of cash income from
Investments) payable in cash, (ii) the aggregate principal amount of all regularly scheduled
principal payments of outstanding Indebtedness for borrowed money, (iii) all dividends or other
distributions with respect to any Equity Interests of the Company or any Subsidiary payable in
cash, and (iv) the aggregate amount of Federal, state, local, and foreign income taxes paid in
cash, in each case, for or by the Company and its Subsidiaries for or during such Measurement
Period.

     “Consolidated EBITA” means, for any period, Consolidated EBITDA minus
depreciation expense to the extent such expense is included in calculating Consolidated EBITDA.

     “Consolidated EBITDA” means, for any period, for the Company and its Subsidiaries on a
consolidated basis, an amount equal to Consolidated Net Income for such period plus (a) the
following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated
Interest Charges for such period, (ii) the provision for Federal, state, local and foreign income
tax expense by the Company and its Subsidiaries for such period, (iii) depreciation and
amortization expense and (iv) other non-recurring or extraordinary expenses of the Company and its
Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in such
period or any future period and minus (b) the following to the extent included in
calculating such Consolidated Net Income: (i) Federal, state, local and foreign income tax benefits
of the Company and its Subsidiaries for such period and (ii) all non-recurring or extraordinary
gains of the Company and its Subsidiaries increasing such Consolidated Net Income which do not
represent a cash item in such period or any future period.

     “Consolidated Interest Charges” means, for any period, for the Company and its
Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, debt discount,
fees, charges and related expenses of the Company and its Subsidiaries in connection with borrowed
money (including capitalized interest) or in connection with the deferred purchase price of assets,
in each case to the extent treated as interest in accordance with GAAP, and (b) the portion of rent
expense of the Company and its Subsidiaries with respect to such period under capital leases that
is treated as interest in accordance with GAAP.

     “Consolidated Net Income” means, for any period, for the Company and its Subsidiaries
on a consolidated basis, the net income of the Company and its Subsidiaries for that period.

     “Consolidated Net Worth” means the Company’s consolidated shareholders’ equity on any
date of determination (including any and all Qualifying Preferred Stock) as determined under GAAP.

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     “Consolidated Senior Secured Indebtedness” means Consolidated Total Indebtedness of
the Company and its Subsidiaries to the extent such Indebtedness is secured by a Lien (including,
without limitation, the Obligations and the obligations under the Term Loan Documents).

     “Consolidated Senior Secured Leverage Ratio” means, as of any date of determination,
the ratio of (a) Consolidated Senior Secured Indebtedness as of the last day of the most recently
ended Measurement Period to (b) Consolidated EBITDA for such Measurement Period.

     “Consolidated Total Indebtedness” means, as of any date of determination, consolidated
Indebtedness (which amount, for the avoidance of doubt, shall include all types of Indebtedness
listed in the definition of such term contained herein) of the Company and its Subsidiaries in
accordance with GAAP.

     “Consolidated Total Leverage Ratio” means, as of any date of determination, the ratio
of (a) Consolidated Total Indebtedness as of the last day of the most recently ended Measurement
Period to (b) Consolidated EBITDA for such Measurement Period.

     “Contingent Liability” means any liability, indebtedness or obligation of the type
described in Section 7.03.

     “Contractual Obligation” means, 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.

     “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

     “Copyright Security Agreement” means that certain Memorandum of Grant of Security
Interest in Copyrights, executed and delivered on the Closing Date, among the Loan Parties and the
Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent and any
other Copyright Security Agreement or joinder or supplement thereto that may be entered into after
the Closing Date, each as amended, supplemented or otherwise modified from time to time.

     “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension.

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

     “Default” means any event or condition that constitutes an Event of Default or that,
with the giving of any notice, the passage of time, or both, would be an Event of Default.

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     “Default Rate” means (a) when used with respect to Obligations other than Letter of
Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if
any, applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an
interest rate equal to the interest rate (including any Applicable Rate and any Mandatory Cost)
otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of
Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Committed Loans, participations in L/C Obligations or participations in Swing Line Loans required
to be funded by it hereunder within one Business Day of the date required to be funded by it
hereunder unless such failure has been cured, (b) has otherwise failed to pay over to the
Administrator or any other Lender any other amount required to be paid by it hereunder within one
Business Day of the date when due, unless the subject of a good faith dispute or unless such
failure has been cured, or (c) has been deemed insolvent or become the subject of a bankruptcy or
insolvency proceeding.

     “Designated Borrower” has the meaning specified in the introductory paragraph hereto.

     “Designated Borrower Notice” has the meaning specified in Section 2.14(a).

     “Designated Borrower Request and Assumption Agreement” has the meaning specified in
Section 2.14(a).

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

     “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrator or the L/C Issuer, as
the case may be, at such time on the basis of the Spot Rate (determined in respect of the most
recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

     “Domestic Subsidiary” means any Subsidiary that is organized under the laws of the
United States, a state thereof or the District of Columbia.

     “Domestic Subsidiary Guarantee” means each Domestic Subsidiary Guarantee executed and
delivered by each Domestic Subsidiary of the Company in favor of the Secured Parties, in form and
substance reasonably satisfactory to the Co-Administrative Agents, as amended, supplemented,
amended and restated or otherwise modified from time to time.

     “Domestic Subsidiary Guarantor” means any Domestic Subsidiary of the Company which (i)
has executed a Domestic Subsidiary Guarantee pursuant to Section 4.01(a) of this Agreement
on the Closing Date or (ii) is required to execute a Domestic Subsidiary Guarantee in accordance
with Section 6.13 of this Agreement.

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved
Fund; and (d) any other Person (other than a natural person) approved by (i) each Co-Administrative
Agent, the L/C Issuer and the Swing Line Lender, and (ii) unless an Event of

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Default has occurred and is continuing, the Company (each such approval not to be unreasonably
withheld or delayed); provided, that notwithstanding the foregoing, “Eligible Assignee”
shall not include the Company or any of the Company’s Affiliates or Subsidiaries.

     “EMU Legislation” means the legislative measures of the European Council for the
introduction of, changeover to, or operation of, a single or unified European currency.

     “Environmental Laws” means any and all Requirements of Law regulating, relating to or
imposing liability or standards or conduct concerning, any Hazardous Materials or environmental
protection.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Company, any other Loan Party or any of their respective Subsidiaries directly or indirectly
resulting from, or based upon, (a) violation of any Environmental Law, (b) the generation, use,
handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure
to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into
the environment 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 Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person
or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person (including
partnership, member or trust interests therein), whether voting or nonvoting, and whether or not
such shares, warrants, options, rights or other interests are outstanding on any date of
determination.

     “ERISA” means the Employee Retirement Income Security Act of 1974 and all rules and
regulations promulgated pursuant thereto, as the same may from time to time be supplemented or
amended.

     “ERISA Affiliate” means, with respect to any Borrower, any trade or business (whether
or not incorporated) under common control with such Borrower within the meaning of Section 414(b),
(c), (m) or (o) of the Code.

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by the Company, any Borrower or any ERISA Affiliate from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Company, any Borrower
or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in
reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan
amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings
by the PBGC to terminate a Pension Plan or Multiemployer Plan;

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(e) an event or condition which constitutes grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer
Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums
due but not delinquent under Section 4007 of ERISA, upon the Company, any Borrower or any ERISA
Affiliate.

     “Euro” and “EUR” mean the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation.

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

     “Eurocurrency Rate Loan” means a Committed Loan that bears interest at a rate based on
the Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative
Currency. All Committed Loans denominated in an Alternative Currency must be Eurocurrency Rate
Loans.

     “Event of Default” has the meaning specified in Section 8.01.

     “Excluded Taxes” means, with respect to each Co-Administrative Agent, the
Administrator, the Collateral Agent, any Lender, the L/C Issuer or any other recipient of any
payment to be made by or on account of any obligation of any Borrower hereunder, (a) taxes imposed
on or measured by its overall net income (however denominated), and franchise taxes imposed on it
(in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the
Laws of which such recipient is organized or in which its principal office is located or, in the
case of any Lender, in which its applicable Lending Office is located, (b) any branch profits taxes
imposed by the United States or any similar tax imposed by any other jurisdiction in which such
Borrower is located, (c) any backup withholding tax that is required by the Code to be withheld
from amounts payable to a Lender that has failed to comply with clause (A) of Section
3.01(e)(ii), and (d) in the case of a Foreign Lender (other than an assignee pursuant to a
request by the Company under Section 10.13), any United States withholding tax that (i) is
required to be imposed on amounts payable to such Foreign Lender pursuant to the Laws in force at
the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or (ii) is
attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in
Law) to comply with clause (B) of Section 3.01(e)(ii), except to the extent that such
Foreign 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 such Borrower with respect

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to such withholding tax pursuant to Section 3.01(a)(ii) or (iii). Notwithstanding
anything to the contrary contained in this definition, “Excluded Taxes” shall not include any
withholding tax imposed at any time on payments made by or on behalf of a Foreign Loan Party to any
Lender hereunder or under any other Loan Document, provided that such Lender shall have
complied with Section 3.01(e)(i).

     “Existing Credit Agreement” means that certain Revolving Credit Agreement dated as of
August 5, 2005 among the Company, the Borrowers, Scotia Capital and Bank of America as
Co-Administrative Agents, Bank of America as Administrator, and a syndicate of lenders, as amended
and in effect from time to time.

     “Existing Letters of Credit” means the Australian Letter of Credit and the other
Letters of Credit existing as of the date hereof and listed on Schedule 1.01A attached
hereto.

     “FASB Standards” means the standards established by the Financial Accounting Standards
Board, in effect from time to time.

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

     “Fee Letters” means the Administrator Fee Letter, the Joint Arranger Fee Letter and
the RBS Fee Letter.

     “Foreign Lender” means, with respect to any Borrower, any Lender that is organized
under the Laws of a jurisdiction other than that in which such Borrower is resident for tax
purposes (including such a Lender when acting in the capacity of the L/C Issuer). For purposes of
this definition, the United States, each state thereof and the District of Columbia shall be deemed
to constitute a single jurisdiction.

     “Foreign Loan Party” means a Loan Party that is a Foreign Subsidiary.

     “Foreign Subsidiary” means any Subsidiary that is organized under the laws of a
jurisdiction other than the United States, a state thereof or the District of Columbia.

     “FRB” means the Board of Governors of the Federal Reserve System of the United States.

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

-14-

 

     “GAAP” means generally accepted accounting principles, as in effect from time to time,
applied on a consistent basis.

     “Governmental Authority” means the government of the United States or any other
nation, or of any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra-national bodies such as the European Union or the European Central
Bank).

     “Guarantee” means, in relation to any Person, any obligation, contingent or otherwise,
of such Person guaranteeing or having the economic effect of guaranteeing any liabilities of any
other Person in any manner, whether directly or indirectly. The amount of any Guarantee shall be
deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or
determinable, the maximum reasonably anticipated liability in respect thereof as determined by the
guaranteeing Person in good faith.

     “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law.

     “Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender and is
party to a Swap Contract required or permitted under Article VI or VII (or was a
Lender or an Affiliate of a Lender at the time such Person entered into such Swap Contract) in its
capacity as a party to such Swap Contract.

     “Honor Date” has the meaning specified in Section 2.03(d)(i).

     “Increase Effective Date” has the meaning specified in Section 2.15(d).

     “Impacted Lender” means a Defaulting Lender or a Lender as to which (a) any
Co-Administrative Agent, the Administrator or L/C Issuer has a good faith belief that such Lender
has defaulted in fulfilling its obligations under one or more other syndicated credit facilities or
(b) an entity that controls such Lender has been deemed insolvent or become the subject of any
proceeding under any Debtor Relief Law.

     “Indebtedness” means, in relation to any Person, without duplication: (a) all
obligations of such Person for borrowed money; (b) all obligations of such Person evidenced by
bonds, debentures or notes or similar instruments which (in the case of such similar instruments
only) are held by financial institutions; (c) all obligations, contingent or otherwise, relative to
the Stated Amount of (i) all Letters of Credit, and (ii) any other letters of credit, whether or
not drawn, issued for the account of such Person; (d) all obligations of such Person upon which
interest charges are customarily paid, excluding trade indebtedness incurred in the ordinary course
of business; (e) all obligations of such Person issued or assumed as the deferred purchase price of
property (other than trade indebtedness incurred in the ordinary course of business); (f)

-15-

 

all capitalized lease obligations of such Person; (g) all obligations of such Person as an
account party in respect of bankers’ acceptances; and (h) all Guarantees of such Person in respect
of any of the foregoing.

     For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, unless such
Indebtedness is expressly made non-recourse to such Person. The amount of any capitalized lease as
of any date shall be deemed to be the capitalized amount thereof that would appear on a balance
sheet of such Person prepared as of such date in accordance with GAAP.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Information” has the meaning specified in Section 10.07.

     “Intellectual Property Security Agreements” means the Trademark Security Agreement,
the Patent Security Agreement and the Copyright Security Agreement.

     “Intercreditor Agreement” means that certain Intercreditor Agreement dated as of even
date herewith by and among the Administrator, on behalf of the Lenders, Bank of America, as
“Administrator” on behalf of the Term Loan Lenders, Bank of America, as Collateral Agent, and
acknowledged by the Loan Parties, as amended, restated, supplemented or otherwise modified from
time to time, in substantially the form of Exhibit F hereto.

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates; and (b) as to any Base Rate Loan (including a Swing Line Loan), the
last Business Day of each March, June, September and December and the Maturity Date.

     “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on
the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency
Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the
Company in its Committed Loan Notice; provided that:

     (a) any Interest Period that would otherwise end on a day that is not a Business Day shall be
extended to the next succeeding Business Day unless such Business Day falls in another calendar
month, in which case such Interest Period shall end on the next preceding Business Day;

     (b) 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 the calendar month at the end of such
Interest Period; and

     (c) no Interest Period shall extend beyond the Maturity Date.

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     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of debt of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other
Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other
Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions)
of assets of another Person that constitute a business unit. For purposes of covenant compliance,
the amount of any Investment shall be the amount actually invested, without adjustment for
subsequent increases or decreases in the value of such Investment.

     “IP Rights” has the meaning specified in Section 5.22.

     “IRS” means the United States Internal Revenue Service.

     “ISP” means, with respect to any Letter of Credit, the “International Standby
Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such
later version thereof as may be in effect at the time of issuance).

     “Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit
Application, and any other document, agreement and instrument entered into by the L/C Issuer and
the Company (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of
Credit.

     “Joint Arranger Fee Letter” means that letter, dated as of August 5, 2009, among Banc
of America Securities LLC, Scotia Capital and the Company in connection with this Agreement.

     “KAIC” means Kaman Aerospace International Corporation, a Connecticut corporation.

     “L/C Advance” means, with respect to each Lender, such Lender’s funding of its
participation in any L/C Borrowing in accordance with its Applicable Percentage. All L/C Advances
shall be denominated in Dollars or in an Alternative Currency, as applicable.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed on the date when made or refinanced as a Committed
Borrowing or a Swing Line Borrowing. All L/C Borrowings shall be denominated in Dollars or in an
Alternative Currency, as applicable.

     “L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount thereof.

     “L/C Issuer” means (a) Bank of America, in its capacity as the issuer of the Letters
of Credit, other than the Australian Letter of Credit and (b) JPMorgan Chase Bank, N.A., in its
capacity as the issuer of the Australian Letter of Credit. At the request of either
Co-Administrative Agent, another Lender or an Affiliate of either Co-Administrative Agent may issue
one or more Letters of Credit hereunder; provided, that the prior written consent of the
Company (which consent shall not be unreasonably withheld or delayed) shall be required as to any
such other Lender and, if the debt rating of such Affiliate is less than that of the applicable

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Co-Administrative Agent, as to any such Affiliate. The Company’s consent shall be deemed to
be reasonably withheld if the beneficiary of the Letter of Credit declines to accept the Letter of
Credit of such other Lender or such Affiliate.

     “L/C Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate of all
Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available
to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.09. For all purposes of this Agreement, if on any date of
determination a Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be
deemed to be “outstanding” in the amount so remaining available to be drawn.

     “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.

     “Lender” has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes the Swing Line Lender.

     “Lending Office” means, as to any Lender, the offices, branches and Affiliates of such
Lender described as such in such Lender’s Administrative Questionnaire, or such other offices,
branches and Affiliates as a Lender may from time to time notify the Company and the Administrator.

     “Letter of Credit” means any standby letter of credit issued hereunder and shall
include the Existing Letters of Credit. Letters of Credit may be issued in Dollars or in an
Alternative Currency.

     “Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

     “Letter of Credit Expiration Date” means the day that is seven days prior to the
Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business
Day).

     “Letter of Credit Fee” has the meaning specified in Section 2.09(c).

     “Letter of Credit Sublimit” means an amount equal to $75,000,000. The Letter of
Credit Sublimit is part of, and not in addition to, the Aggregate Commitments.

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement in the nature of a security interest of any kind or nature whatsoever
(including any conditional sale or other title retention agreement, any easement, right of way or

-18-

 

other encumbrance on title to real property, and any financing lease having substantially the
same economic effect as any of the foregoing).

     “Line Banks” means (a) Scotia Capital, together with any Affiliate thereof, and (b)
RBS Citizens, National Association, together with any Affiliate thereof, in each case, so long as
such Person (or its Affiliate) remains a Lender hereunder.

     “Loan” means an extension of credit by a Lender to a Borrower under Article II
in the form of a Committed Loan or a Swing Line Loan.

     “Loan Documents” means (i) this Agreement, the Notes, each Issuer Document, each
Domestic Subsidiary Guarantee, the Company Guarantee, each Swing Line Loan Notice, each Committed
Loan Notice, each Designated Borrower Request and Assumption Agreement, each Collateral Document,
each Fee Letter, the Intercreditor Agreement and each other letter (including, without limitation,
fee letters), notice, agreement, certificate, document or instrument delivered in connection with
this Agreement and (ii) any agreements or instruments pursuant to which the Obligations of the
Company or any other Loan Party under this Agreement, any of the Notes or any of the other Loan
Documents are refunded, refinanced or replaced (in whole or in part) from time to time, as such
agreements, certificates, documents and instruments referred to in clauses (i) and
(ii) of this definition may from time to time be amended, supplemented, restated, renewed
or otherwise modified.

     “Loan Parties” means the Company, each Designated Borrower, each Domestic Subsidiary
Guarantor, and any other Subsidiary of the Company obligated under any Loan Document.

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

     “Material Adverse Effect” means any of the following: (a) any materially adverse
effect on the business, assets, properties, operations, prospects or condition, financial or
otherwise, of the Company and its Subsidiaries taken as a whole; (b) any material impairment of the
ability of the Borrowers, when taken together as a whole, to perform any of their respective
obligations under this Agreement, the Notes or any other Loan Document; (c) any impairment of the
ability of any Domestic Subsidiary Guarantor to perform any of its obligations under any Domestic
Subsidiary Guarantee or other Loan Documents which impairment would either (i) have a material
adverse effect on the obligations of all the Domestic Subsidiary Guarantors under the Domestic
Subsidiary Guarantees or such other Loan Document, when taken together as a whole, or (ii) result
in non-compliance with Section 6.07; or (d) any impairment of the validity or
enforceability of this Agreement, the Notes or any other Loan Documents or any of the rights,
remedies or benefits to any Co-Administrative Agent, the Collateral Agent, the Administrator or the
Lenders under this Agreement, the Notes, any Domestic Subsidiary Guarantee, any Collateral Document
or any other Loan Document.

     “Material Subsidiary” means any Subsidiary that is not a Non-Material Subsidiary.

     “Maturity Date” means three years from the Closing Date; provided,
however, that if such date is not a Business Day, the Maturity Date shall be the next
preceding Business Day.

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     “Measurement Period” means, at any date of determination, the most recently completed
four fiscal quarters of the Company.

     “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

     “Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which the Company, any Borrower or any ERISA Affiliate makes or is
obligated to make contributions, or during the preceding six plan years, has made or been obligated
to make contributions.

     “New Zealand Dollar” means the lawful currency of New Zealand.

     “Non-Material Subsidiary” means any Subsidiary from time to time identified as a
Non-Material Subsidiary by the Company in writing to the Co-Administrative Agents and the
Administrator; provided that the revenues of all such Subsidiaries (on a consolidated
basis) for the fiscal year most recently ended shall not exceed 10% of the consolidated revenues
generated by the Company and its Subsidiaries for such fiscal year.

     “Note” means a promissory note made by a Borrower in favor of a Lender evidencing
Loans made by such Lender to such Borrower, substantially in the form of Exhibit C.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any
Loan, Letter of Credit, Secured Cash Management Agreement, Secured Hedge Agreement or Secured Line,
in each case whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest and fees
that accrue after the commencement by or against any Loan Party thereof of any proceeding under any
Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such
interest and fees are allowed claims in such proceeding; provided, that Obligations under
Secured Cash Management Agreements, Secured Hedge Agreements, and Secured Lines shall not exceed
$35,000,000 in the aggregate at any time.

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with
the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity.

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

-20-

 

     “Outstanding Amount” means (i) with respect to Committed Loans on any date, the Dollar
Equivalent amount of the aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of such Committed Loans occurring on such date; (ii) with
respect to Swing Line Loans on any date, the aggregate outstanding principal amount thereof after
giving effect to any borrowings and prepayments or repayments of such Swing Line Loans occurring on
such date; and (iii) with respect to any L/C Obligations on any date, the Dollar Equivalent amount
of the aggregate outstanding amount of such L/C Obligations on such date after giving effect to any
L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the
L/C Obligations as of such date, including as a result of any reimbursements by the Company of
Unreimbursed Amounts.

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

     “Participant” has the meaning specified in Section 10.06(d).

     “Participating Member State” means each state so described in any EMU Legislation.

     “Patent Security Agreement” means that certain Patent Collateral Assignment and
Security Agreement, executed and delivered on the Closing Date, among the Loan Parties and the
Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent and any
other Patent Security Agreement or joinder or supplement thereto that may be entered into after the
Closing Date, each as amended, supplemented or otherwise modified from time to time.

     “PBGC” means the Pension Benefit Guaranty Corporation.

     “Pension Funding Rules” means the rules of the Code and ERISA regarding minimum
required contributions (including any installment payment thereof) to Pension Plans and set forth
in, with respect to plan years ending prior to the effective date as to such Pension Plan of the
Pension Protection Act of 2006, Section 412 of the Code and Section 302 of ERISA each as in effect
prior to the Pension Protection Act of 2006 and, thereafter, Sections 412 and 430 of the Code and
Sections 302 and 303 of ERISA.

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and
is sponsored or maintained by the Company, any Borrower or any ERISA Affiliate or to which the
Company, any Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in
the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made
contributions at any time during the immediately preceding six plan years.

-21-

 

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

     “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established, maintained or contributed to by the Company or any Borrower or, with respect to
any such plan that is subject to the Pension Funding Rules, any ERISA Affiliate.

     “Platform” has the meaning specified in Section 6.02.

     “Pledged Stock Collateral” means “Pledged Collateral” as defined in Section 1 of the
Securities Pledge Agreement.

     “Pledged Debt” has the meaning specified in Section 4.1 of the Security Agreement.

     “Public Lender” has the meaning specified in Section 6.02.

     “Qualifying Preferred Stock” means any issued and outstanding preferred stock of the
Company with respect to which no mandatory redemption or repurchase is or could be required of the
Company or any of its Subsidiaries prior to the Maturity Date.

     “RBS Fee Letter” means that letter, dated as of August 5, 2009, among RBS Securities,
Inc. and the Company in connection with this Agreement.

     “Real Estate” means any real estate owned or operated by the Company or any of its
Subsidiaries.

     “Register” has the meaning specified in Section 10.06(c).

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

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA,
other than events for which the 30 day notice period has been waived.

     “Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit
Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line
Loan Notice.

     “Required Lenders” means, as of any date of determination, Lenders having more than
50% of the Aggregate Commitments or, if the commitment of each Lender to make Loans and the
obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to
Section 8.02, Lenders holding in the aggregate more than 50% of the Total Outstandings
(with the aggregate amount of each Lender’s risk participation and funded participation in L/C
Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this
definition); provided that the Commitment of, and the portion of the Total Outstandings
held or

-22-

 

deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination
of Required Lenders.

     “Responsible Officer” means the chief executive officer, president, vice
president-finance, chief financial officer, treasurer, assistant treasurer or controller of a Loan
Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party
shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Loan Party and such Responsible Officer shall be
conclusively presumed to have acted on behalf of such Loan Party.

     “Revaluation Date” means (a) with respect to any Loan, each of the following: (i)
each date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii)
each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency
pursuant to Section 2.02, and (iii) such additional dates as the Administrator shall
determine or the Required Lenders shall require as a result of exchange rate fluctuations or
similar circumstances; and (b) with respect to any Letter of Credit, each of the following: (i)
each date of issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each date
of an amendment of any such Letter of Credit having the effect of increasing the amount thereof
(solely with respect to the increased amount), (iii) each date of any payment by the L/C Issuer
under any Letter of Credit denominated in an Alternative Currency, (iv) in the case of the Existing
Letters of Credit, the Closing Date, and (v) such additional dates as the Administrator or the L/C
Issuer shall determine or the Required Lenders shall require as a result of exchange rate
fluctuations or similar circumstances.

     “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative
Currency, same day or other funds as may be determined by the Administrator or the L/C Issuer, as
the case may be, to be customary in the place of disbursement or payment for the settlement of
international banking transactions in the relevant Alternative Currency.

     “Scotia Capital” means The Bank of Nova Scotia.

     “SEC” means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions.

     “Secured Cash Management Agreement” means any Cash Management Agreement that is
entered into by and between any Loan Party and any Cash Management Bank.

     “Secured Hedge Agreement” means any interest rate Swap Contract permitted under
Article VI or VII that is entered into by and between any Loan Party and any Hedge
Bank.

     “Secured Lines” means (a) so long as Scotia Capital remains a Lender hereunder, the
Operating Credit Facility dated May 21, 1991, as amended on October 9, 1998, in the amount of CAD
3,250,000 between Scotia Capital and Kaman Industrial Technologies Ltd. and (b) so long as RBS
Citizens, National Association remains a Lender hereunder, the Multi-Option Facility dated July 28,
2009 in the amount of Sterling 2,000,000 between Royal Bank of Scotland Plc (an Affiliate of RBS
Citizens, National Association), acting as agent for National Westminster Bank Plc, and Brookhouse
Holdings Limited and its Affiliates.

-23-

 

     “Secured Parties” means, collectively, the Co-Administrative Agents, the
Administrator, the Collateral Agent, the Lenders, the L/C Issuer, the Hedge Banks, the Cash
Management Banks, the Line Banks, each co-agent or sub-agent appointed by the Co-Administrative
Agents or the Administrator from time to time pursuant to Section 9.05, and the other
Persons the Obligations owing to which are or are purported to be secured by the Collateral under
the terms of the Collateral Documents.

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

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

     “Securities Pledge Agreement” means (a) that certain Securities Pledge Agreement dated
as of even date herewith by and among the Loan Parties and the Collateral Agent, as amended and in
effect from time to time and (b) any other agreement pursuant to which the Equity Interests (or any
portion thereof) of a Subsidiary of any Loan Party are pledged to the Collateral Agent for the
benefit of the Secured Parties to secure the Obligations.

     “Security Agreement” means that certain Security Agreement dated as of even date
herewith by and among the Loan Parties and the Collateral Agent, as amended and in effect from time
to time.

     “Share Charge” means that certain Share Charge dated as of September 17, 2009, by and
among Kaman Aerospace Group, Inc., Kaman UK Holdings Limited and the Collateral Agent.

     “Solvent” and “Solvency” mean, with respect to any Person on any date of
determination, that on such date (a) the fair value of the property of such Person is greater than
the total amount of liabilities, including contingent liabilities, of such Person, (b) the present
fair salable value of the assets of such Person is not less than the amount that will be required
to pay the probable liability of such Person on its debts as they become absolute and matured,
(c) such Person does not intend to, and does not believe that it will, incur debts or liabilities
beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is
not engaged in business or a transaction, and is not about to engage in business or a transaction,
for which such Person’s property would constitute an unreasonably small capital, and (e) such
Person is able to pay its debts and liabilities, contingent obligations and other commitments as
they mature in the ordinary course of business. The amount of contingent liabilities at any time
shall be computed as the amount that, in the light of all the facts and circumstances existing at
such time, represents the amount that can reasonably be expected to become an actual or matured
liability.

     “Special Notice Currency” means at any time an Alternative Currency, other than the
currency of a country that is a member of the Organization for Economic Cooperation and Development
at such time located in North America or Europe.

     “Spot Rate” for a currency means the rate determined by the Administrator or the L/C
Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate
for the purchase by such Person of such currency with another currency through its principal
foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to
the date as of which the foreign exchange computation is made; provided that the
Administrator or the L/C Issuer may obtain such spot rate from another financial institution

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designated by the Administrator or the L/C Issuer if the Person acting in such capacity does
not have as of the date of determination a spot buying rate for any such currency; and
provided further that the L/C Issuer may use such spot rate quoted on the date as
of which the foreign exchange computation is made in the case of any Letter of Credit denominated
in an Alternative Currency. 

     “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor thereto.

     “Stated Amount” of each Letter of Credit or, if applicable, other letter of credit,
means the total Dollar amount then available to be drawn under such Letter of Credit or, if
applicable, other letter of credit.

     “Sterling” and “£” mean the lawful currency of the United Kingdom.

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which more than 50% of the shares of securities or
other interests having ordinary voting power for the election of directors or other governing body
(other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise
controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.
Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall
refer to a Subsidiary or Subsidiaries of the Company.

     “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement.

     “Swedish Kroner” means the lawful currency of Sweden.

     “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section
2.04.

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

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     “Swing Line Loan” has the meaning specified in Section 2.04(a).

     “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit
B.

     “Swing Line Sublimit” means an amount equal to the lesser of (a) $15,000,000 and (b)
the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the
Aggregate Commitments.

     “Swiss Franc” means the lawful currency of Switzerland.

     “Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or
possession of property (including sale and leaseback transactions) creating obligations that do not
appear on the balance sheet of such Person but which, upon the application of any Debtor Relief
Laws to such Person, would be characterized as the indebtedness of such Person (without regard to
accounting treatment).

     “TARGET Day” means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be
operative, such other payment system (if any) determined by the Administrator to be a suitable
replacement) is open for the settlement of payments in Euro.

     “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings (including backup withholding), assessments, fees or other charges imposed by any
Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

     “Term Loans” means the “Loans” as defined in the Term Loan Credit Agreement.

     “Term Loan Credit Agreement” means that certain Term Loan Credit Agreement, dated as
of October 29, 2008, among the Company, Bank of America and Scotia Capital, as co-administrative
agents for the Term Loan Lenders, Bank of America, as administrator for the Term Loan Lenders and
as Collateral Agent, and the Term Loan Lenders, as the same shall be amended, supplemented or
otherwise modified from time to time.

     “Term Loan Documents” means the “Loan Documents” as defined in the Term Loan Credit
Agreement.

     “Term Loan Lenders” means those “Lenders” as defined in and party to the Term Loan
Credit Agreement.

     “Threshold Amount” means $10,000,000.

     “Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C
Obligations.

     “Trademark Security Agreement” means that certain Trademark Collateral Security and
Pledge Agreement, executed and delivered on the Closing Date, among the Loan Parties and the

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Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent and
any other Trademark Security Agreement or joinder or supplement thereto that may be entered into
after the Closing Date, each as amended, supplemented or otherwise modified from time to time.

     “Type” means, with respect to a Committed Loan, its character as a Base Rate Loan or a
Eurocurrency Rate Loan.

     “UCC” means the Uniform Commercial Code as in effect in the State of New York;
provided that, if perfection or the effect of perfection or non-perfection or the priority
of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code
as in effect from time to time in such other jurisdiction for purposes of the provisions hereof
relating to such perfection, effect of perfection or non-perfection or priority.

     “UK Acquisition” has the meaning specified in the Term Loan Agreement.

     “Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities
under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets,
determined in accordance with the assumptions used for funding the Pension Plan pursuant to the
Pension Funding Rules for the applicable plan year.

     “United States” and “U.S.” mean the United States of America.

     “Unreimbursed Amount” has the meaning specified in Section 2.03(d)(i).

     “Yen” and “¥” mean the lawful currency of Japan.

     1.02. Other Interpretive Provisions. With reference to this Agreement and each other Loan
Document, unless otherwise specified herein or in such other Loan Document:

     (a) The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word
“will” shall be construed to have the same meaning and effect as the word “shall.”
Unless the context requires otherwise, (i) any definition of, or reference to, any agreement,
instrument or other document (including any Organization Document) shall be construed as referring
to such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or modifications
set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be
construed to include such Person’s successors and assigns, (iii) the words “herein,”
“hereof” and “hereunder,” and words of similar import when used in any Loan
Document, shall be construed to refer to such Loan Document in its entirety and not to any
particular provision thereof, (iv) all references in a Loan Document to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall
include all statutory and regulatory provisions consolidating, amending, replacing or interpreting
such law and any reference to any law or regulation shall, unless otherwise specified,

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refer to such law or regulation as amended, modified or supplemented from time to time, and
(vi) the words “asset” and “property” shall be construed to have the same meaning
and effect and to refer to any and all tangible and intangible assets and properties, including
cash, securities, accounts and contract rights.

     (b) In the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including;” the words “to” and “until”
each mean “to but excluding;” and the word “through” means “to and
including.”

     (c) Section headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any other Loan
Document.

     1.03. Accounting Terms. (a) Generally. All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect
from time to time, applied in a manner consistent with that used in preparing the Audited Financial
Statements, except as otherwise specifically prescribed herein.

     (b) Changes in GAAP. If at any time any change in GAAP would affect the computation
of any financial ratio or requirement set forth in any Loan Document, and either the Company or the
Required Lenders shall so request, the Co-Administrative Agents, the Administrator, the Lenders and
the Company shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP (subject to the approval of the Required
Lenders, which approval shall not be unreasonably withheld); provided that, until so
amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior
to such change therein and (ii) the Company shall provide to the Administrator and the Lenders
financial statements and other documents required under this Agreement or as reasonably requested
hereunder setting forth a reconciliation between calculations of such ratio or requirement made
before and after giving effect to such change in GAAP.

     1.04. Rounding. Any financial ratios required to be maintained by any Borrower pursuant to
this Agreement shall be calculated by dividing the appropriate component by the other component,
carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number).

     1.05. Exchange Rates; Currency Equivalents. (a) The Administrator or the L/C Issuer, as
applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating
Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative
Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the
Spot Rates employed in converting any amounts between the applicable currencies until the next
Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties
hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the
applicable amount of any currency (other than Dollars)

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for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by
the Administrator or the L/C Issuer, as applicable.

     (b) Wherever in this Agreement in connection with a Committed Borrowing, conversion,
continuation or prepayment of a Eurocurrency Rate Loan or the issuance, amendment or extension of a
Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in
Dollars, but such Committed Borrowing, Eurocurrency Rate Loan or Letter of Credit is denominated in
an Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of such
Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being
rounded upward), as determined by the Administrator or the L/C Issuer, as the case may be.

     1.06. Additional Alternative Currencies. (a) The Company may from time to time request that
Eurocurrency Rate Loans be made and/or Letters of Credit be issued in a currency other than those
specifically listed in the definition of “Alternative Currency;” provided that such
requested currency is a lawful currency (other than Dollars) that is readily available and freely
transferable and convertible into Dollars. In the case of any such request with respect to the
making of Eurocurrency Rate Loans, such request shall be subject to the approval of the
Administrator and the Lenders; and in the case of any such request with respect to the issuance of
Letters of Credit, such request shall be subject to the approval of the Administrator and the L/C
Issuer.

     (b) Any such request shall be made to the Administrator not later than 11:00 a.m., ten (10)
Business Days prior to the date of the desired Credit Extension (or such other time or date as may
be agreed by the Administrator and, in the case of any such request pertaining to Letters of
Credit, the L/C Issuer, in its or their sole discretion). In the case of any such request
pertaining to Eurocurrency Rate Loans, the Administrator shall promptly notify each Lender thereof;
and in the case of any such request pertaining to Letters of Credit, the Administrator shall
promptly notify the L/C Issuer thereof. Each Lender (in the case of any such request pertaining to
Eurocurrency Rate Loans) or the L/C Issuer (in the case of a request pertaining to Letters of
Credit) shall notify the Administrator, not later than 11:00 a.m., five (5) Business Days after
receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency
Rate Loans or the issuance of Letters of Credit, as the case may be, in such requested currency.

     (c) Any failure by a Lender or the L/C Issuer, as the case may be, to respond to such request
within the time period specified in the preceding sentence shall be deemed to be a refusal by such
Lender or the L/C Issuer, as the case may be, to permit Eurocurrency Rate Loans to be made or
Letters of Credit to be issued in such requested currency. If the Administrator and all the
Lenders consent to making Eurocurrency Rate Loans in such requested currency, the Administrator
shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an
Alternative Currency hereunder for purposes of any Committed Borrowings of Eurocurrency Rate Loans;
and if the Administrator and the L/C Issuer consent to the issuance of Letters of Credit in such
requested currency, the Administrator shall so notify the Company and such currency shall thereupon
be deemed for all purposes to be an Alternative Currency hereunder for purposes of any Letter of
Credit issuances. If the Administrator shall fail to obtain consent to any request for an
additional currency under this Section 1.06, the Administrator shall promptly so notify the
Company.

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     1.07. Change of Currency. Each obligation of the Borrowers to make a payment denominated in
the national currency unit of any member state of the European Union that adopts the Euro as its
lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption
(in accordance with the EMU Legislation). If, in relation to the currency of any such member
state, the basis of accrual of interest expressed in this Agreement in respect of that currency
shall be inconsistent with any convention or practice in the London interbank market for the basis
of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such
convention or practice with effect from the date on which such member state adopts the Euro as its
lawful currency; provided that if any Committed Borrowing in the currency of such member
state is outstanding immediately prior to such date, such replacement shall take effect, with
respect to such Committed Borrowing, at the end of the then current Interest Period.

     (a) Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrator may from time to time specify to be appropriate to reflect the
adoption of the Euro by any member state of the European Union and any relevant market conventions
or practices relating to the Euro.

     (b) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrator may from time to time specify to be appropriate to reflect a
change in currency of any other country and any relevant market conventions or practices relating
to the change in currency.

     1.08. Times of Day. Unless otherwise specified, all references herein to times of day shall
be references to Eastern time (daylight or standard, as applicable).

     1.09. Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of
Credit at any time shall be deemed to be the Dollar Equivalent of the Stated Amount of such Letter
of Credit in effect at such time; provided, however, that with respect to any
Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides
for one or more automatic increases in the Stated Amount thereof, the amount of such Letter of
Credit shall be deemed to be the Dollar Equivalent of the maximum Stated Amount of such Letter of
Credit after giving effect to all such increases, whether or not such maximum Stated Amount is in
effect at such time.

ARTICLE II.

THE COMMITMENTS AND CREDIT EXTENSIONS

     2.01. Committed Loans. Subject to the terms and conditions set forth herein, each Lender
severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrowers in
Dollars or in one or more Alternative Currencies from time to time, on any Business Day during the
Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of
such Lender’s Commitment; provided, however, that after giving effect to any
Committed Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments,
(ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed
such

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Lender’s Commitment, (iii) the Loan Parties shall be in compliance with the requirements set
forth in Section 7.13; and (iv) the aggregate Outstanding Amount of all Committed Loans
denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. Within
the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the
Borrowers may borrow under this Section 2.01, prepay under Section 2.05, and
reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurocurrency
Rate Loans, as further provided herein.

     2.02. Borrowings, Conversions and Continuations of Committed Loans.

     (a) Each Committed Borrowing, each conversion of Committed Loans from one Type to the other,
and each continuation of Eurocurrency Rate Loans shall be made upon the Company’s irrevocable
notice to the Administrator, which may be given by telephone. Each such notice must be received by
the Administrator not later than 11:00 a.m. (i) three Business Days prior to the requested date of
any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in Dollars
or of any conversion of Eurocurrency Rate Loans denominated in Dollars to Base Rate Committed
Loans, (ii) four Business Days (or five Business Days in the case of a Special Notice Currency)
prior to the requested date of any Borrowing or continuation of Eurocurrency Rate Loans denominated
in Alternative Currencies, and (iii) on the requested date of any Borrowing of Base Rate Committed
Loans. Each telephonic notice by the Company pursuant to this Section 2.02(a) must be
confirmed promptly by delivery to the Administrator of a written Committed Loan Notice,
appropriately completed and signed by a Responsible Officer of the Company. Each Borrowing of,
conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of
$1,000,000 or a whole multiple of $500,000 in excess thereof, provided, that Eurocurrency
Rate Loans denominated in Alternative Currencies shall be in a principal amount of $100,000 or a
whole multiple of $100,000 in excess thereof. Except as provided in Sections 2.03(c) and
2.04(c), each Committed Borrowing of, or conversion to, Base Rate Committed Loans shall be
in a principal amount of $200,000 or a whole multiple of $100,000 in excess thereof. Each
Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Company is
requesting a Committed Borrowing, a conversion of Committed Loans from one Type to the other, or a
continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or
continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of
Committed Loans to be borrowed, converted or continued, (iv) the Type of Committed Loans to be
borrowed or to which existing Committed Loans are to be converted, (v) if applicable, the duration
of the Interest Period with respect thereto, (vi) the currency of the Committed Loans to be
borrowed, and (vii) if applicable, the Designated Borrower. If the Company fails to specify a
currency in a Committed Loan Notice requesting a Borrowing, then the Committed Loans so requested
shall be made in Dollars. If the Company fails to specify a Type of Committed Loan in a Committed
Loan Notice or if the Company fails to give a timely notice requesting a conversion or
continuation, then the applicable Committed Loans shall be made as, or converted to, Base Rate
Loans; provided, however, that in the case of a failure to timely request a
continuation of Committed Loans denominated in an Alternative Currency, such Loans shall be
continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one
month. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the
Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If the
Company requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in

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any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to
have specified an Interest Period of one month. No Committed Loan may be converted into or
continued as a Committed Loan denominated in a different currency, but instead must be prepaid in
the original currency of such Committed Loan and reborrowed in the other currency.

     (b) Following receipt of a Committed Loan Notice, the Administrator shall promptly notify each
Lender of the amount (and currency) of its Applicable Percentage of the applicable Committed Loans,
and if no timely notice of a conversion or continuation is provided by the Company, the
Administrator shall notify each Lender of the details of any automatic conversion to Base Rate
Loans or continuation of Committed Loans denominated in a currency other than Dollars, in each case
as described in the preceding subsection. In the case of a Committed Borrowing, each Lender shall
make the amount of its Committed Loan available to the Administrator in Same Day Funds at the
Administrator’s Funding Office for the applicable currency not later than 1:00 p.m., in the case of
any Committed Loan denominated in Dollars, and not later than the Applicable Time specified by the
Administrator in the case of any Committed Loan in an Alternative Currency, in each case on the
Business Day specified in the applicable Committed Loan Notice. Upon satisfaction of the
applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial
Credit Extension, Section 4.01), the Administrator shall make all funds so received
available to the Company or the other applicable Borrower in like funds as received by the
Administrator either by (i) crediting the account of such Borrower on the books of Bank of America
with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with
instructions provided to (and reasonably acceptable to) the Administrator by the Company;
provided, however, that if, on the date the Committed Loan Notice with respect to
such Borrowing denominated in Dollars is given by the Company, there are L/C Borrowings
outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in
full of any such L/C Borrowings, and, second, shall be made available to the applicable
Borrower as provided above.

     (c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the
existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency
Rate Loans (whether in Dollars or any Alternative Currency) without the consent of the Required
Lenders, and the Required Lenders may demand that any or all of the then outstanding Eurocurrency
Rate Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the
amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with
respect thereto.

     (d) The Administrator shall promptly notify the Company and the Lenders of the interest rate
applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest
rate. At any time that Base Rate Loans are outstanding, the Administrator shall notify the Company
and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate
promptly following the public announcement of such change.

     (e) After giving effect to all Committed Borrowings, all conversions of Committed Loans from
one Type to the other, and all continuations of Committed Loans as the same Type, there shall not
be more than (i) ten (10) Interest Periods in effect with respect to Committed

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Loans denominated in Dollars and (ii) ten (10) Interest Periods in effect with respect to
Committed Loans denominated in Alternative Currencies.

     2.03. Letters of Credit.

     (a) The Letter of Credit Commitment.

     (i) Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in
reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from
time to time on any Business Day during the period from the Closing Date until the Letter of
Credit Expiration Date, to issue Letters of Credit denominated in Dollars or in one or more
Alternative Currencies for the account of any Borrower or any Domestic Subsidiary Guarantor,
and to amend or extend Letters of Credit previously issued by it, in accordance with
subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the
Lenders severally agree to participate in Letters of Credit issued for the account of the
Borrowers or the Domestic Subsidiary Guarantors and any drawings thereunder;
provided that after giving effect to any L/C Credit Extension with respect to any
Letter of Credit, (x) the Total Outstandings shall not exceed the Aggregate Commitments,
(y) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations,
plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line
Loans shall not exceed such Lender’s Commitment, and (z) the Outstanding Amount of the L/C
Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Company for
the issuance or amendment of a Letter of Credit shall be deemed to be a representation by
the Borrowers that the L/C Credit Extension so requested complies with the conditions set
forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to
the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be
fully revolving, and accordingly the Borrowers may, during the foregoing period, obtain
Letters of Credit to replace Letters of Credit that have expired or that have been drawn
upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued
pursuant hereto, and from and after the Closing Date shall be subject to and governed by the
terms and conditions hereof.

     (ii) The L/C Issuer shall not issue or extend any Letter of Credit, if:

     (A) the expiry date of such requested Letter of Credit (other than the
Australian Letter of Credit) would occur more than twelve months after the date of
issuance or last extension, unless the Required Lenders have approved such expiry
date, which approval shall not be unreasonably withheld;

     (B) the expiry date of such requested Letter of Credit would occur after the
Letter of Credit Expiration Date, unless all the Lenders have approved such expiry
date; or

     (C) such Letter of Credit is to be denominated in a currency other than Dollars
or an Alternative Currency.

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     (iii) The L/C Issuer shall not be under any obligation to issue any Letter of Credit
if:

     (A) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain the L/C Issuer from issuing such
Letter of Credit, or any Law applicable to the L/C Issuer or any request or
directive (whether or not having the force of law) from any Governmental Authority
with jurisdiction over the L/C Issuer shall prohibit, or request that the L/C Issuer
refrain from, the issuance of letters of credit generally or such Letter of Credit
in particular or shall impose upon the L/C Issuer with respect to such Letter of
Credit any restriction, reserve or capital requirement (for which the L/C Issuer is
not otherwise compensated hereunder) not in effect on the Closing Date, or shall
impose upon the L/C Issuer any unreimbursed loss, cost or expense which was not
applicable on the Closing Date and which the L/C Issuer in good faith deems material
to it;

     (B) the issuance of such Letter of Credit would violate one or more policies of
the L/C Issuer applicable to letters of credit generally;

     (C) except as otherwise agreed by the Administrator and the L/C Issuer, such
Letter of Credit is in an initial Stated Amount of less than $50,000;

     (D) such Letter of Credit contains any provision for automatic reinstatement of
the Stated Amount after any drawing thereunder;

     (E) the L/C Issuer does not as of the issuance date of such requested Letter of
Credit issue Letters of Credit in the requested currency; or

     (F) any Lender is at such time an Impacted Lender, unless the L/C Issuer has
entered into arrangements satisfactory to the L/C Issuer with the Borrowers and/or
such Impacted Lender to eliminate the L/C Issuer’s risk with respect to such
Impacted Lender.

     (iv) The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be
permitted at such time to issue such Letter of Credit in its amended form under the terms
hereof.

     (v) The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A)
the L/C Issuer would have no obligation at such time to issue such Letter of Credit in its
amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does
not accept the proposed amendment to such Letter of Credit.

     (vi) The L/C Issuer shall act on behalf of the Lenders with respect to any Letters of
Credit issued by it and the documents associated therewith, and the L/C Issuer shall have
all of the benefits and immunities (A) provided to each Co-Administrative Agent and the
Administrator in Article IX with respect to any acts taken or omissions suffered by
the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by
it and Issuer Documents pertaining to such Letters of Credit as fully as if the

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terms “Administrator” and “Co-Administrative Agent” as used in Article IX
included the L/C Issuer with respect to such acts or omissions, and (B) as additionally
provided herein with respect to the L/C Issuer.

     (b) Existing Letters of Credit. Each Borrower, the Lenders and the L/C Issuer each
agree that (i) any Existing Letter of Credit shall be deemed a Letter of Credit issued under and
governed by this Agreement, (ii) this Credit Agreement supersedes the Existing Credit Agreement
with respect to the Existing Letters of Credit issued thereunder, and (iii) all Existing Letters of
Credit, from and after the Closing Date, shall be subject to, and governed by, the terms of this
Agreement.

     (c) Procedures for Issuance and Amendment of Letters of Credit.

     (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Company delivered to the L/C Issuer (with a copy to the Administrator) in the
form of a Letter of Credit Application, appropriately completed and signed by a Responsible
Officer of the Company. Such Letter of Credit Application must be received by the L/C
Issuer and the Administrator not later than 11:00 a.m. at least two Business Days (or such
later date and time as the Administrator and the L/C Issuer may agree in a particular
instance in their sole discretion) prior to the proposed issuance date or date of amendment,
as the case may be. In the case of a request for an initial issuance of a Letter of Credit,
such Letter of Credit Application shall specify in form and detail satisfactory to the L/C
Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a
Business Day); (B) the amount and currency thereof; (C) the expiry date thereof; (D) the
name and address of the beneficiary thereof; (E) the documents to be presented by such
beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be
presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature
of the requested Letter of Credit; and (H) such other matters as the L/C Issuer may require.
In the case of a request for an amendment of any outstanding Letter of Credit, such Letter
of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A)
the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which shall
be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as
the L/C Issuer may reasonably require. Additionally, the Company shall furnish to the L/C
Issuer and the Administrator such other documents and information pertaining to such
requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C
Issuer or the Administrator may reasonably require.

     (ii) Promptly after receipt of any Letter of Credit Application, the L/C Issuer will
confirm with the Administrator (by telephone or in writing) that the Administrator has
received a copy of such Letter of Credit Application from the Company and, if not, the L/C
Issuer will provide the Administrator with a copy thereof. Unless the L/C Issuer has
received written notice from any Lender, the Administrator, any Co-Administrative Agent or
any Loan Party, at least one Business Day prior to the requested date of issuance or
amendment of the applicable Letter of Credit, that one or more applicable conditions
contained in Article IV shall not then be satisfied, then, subject to the terms and
conditions hereof, the L/C Issuer shall, on the requested date, issue a Letter of Credit

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for the account of the applicable Borrower or Domestic Subsidiary Guarantor or enter
into the applicable amendment, as the case may be, in each case in accordance with the L/C
Issuer’s usual and customary business practices. Immediately upon the issuance of each
Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an
amount equal to the product of such Lender’s Applicable Percentage times the amount
of such Letter of Credit.

     (iii) Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C
Issuer will also deliver to the Company and the Administrator a true and complete copy of
such Letter of Credit or amendment.

     (d) Drawings and Reimbursements; Funding of Participations.

     (i) Upon receipt from the beneficiary of any Letter of Credit of any notice of a
drawing under such Letter of Credit, the L/C Issuer shall notify the Company and the
Administrator thereof. In the case of a Letter of Credit denominated in an Alternative
Currency, the Company shall reimburse the L/C Issuer in such Alternative Currency, unless
(A) the L/C Issuer (at its option) shall have specified in such notice that it will require
reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in
Dollars, the Company shall have notified the L/C Issuer promptly following receipt of the
notice of drawing that the Company will reimburse the L/C Issuer in Dollars. In the case of
any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an
Alternative Currency, the L/C Issuer shall notify the Company of the Dollar Equivalent of
the amount of the drawing promptly following the determination thereof. Not later than
11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit to be
reimbursed in Dollars, or the Applicable Time on the date of any payment by the L/C Issuer
under a Letter of Credit to be reimbursed in an Alternative Currency (each such date, an
“Honor Date”), the Company shall reimburse the L/C Issuer through the Administrator
in an amount equal to the amount of such drawing and in the applicable currency. If the
Company fails to so reimburse the L/C Issuer by such time, the Administrator shall promptly
notify each Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in
Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit
denominated in an Alternative Currency) (the “Unreimbursed Amount”), and the amount
of such Lender’s Applicable Percentage thereof. In such event, the Company shall be deemed
to have requested a Committed Borrowing of Base Rate Loans to be disbursed on the Honor Date
in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples
specified in Section 2.02 for the principal amount of Base Rate Loans, but subject
to the amount of the unutilized portion of the Aggregate Commitments and the conditions set
forth in Section 4.02 (other than the delivery of a Committed Loan Notice). Any
notice given by the L/C Issuer or the Administrator pursuant to this Section
2.03(d)(i) may be given by telephone if immediately confirmed in writing;
provided that the lack of such an immediate confirmation shall not affect the
conclusiveness or binding effect of such notice.

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     (ii) Each Lender shall upon any notice pursuant to Section 2.03(d)(i) make
funds available to the Administrator for the account of the L/C Issuer, in Dollars, at the
Administrator’s Funding Office for Dollar-denominated payments in an amount equal to its
Applicable Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business
Day specified in such notice by the Administrator, whereupon, subject to the provisions of
Section 2.03(d)(iii), each Lender that so makes funds available shall be deemed to
have made a Base Rate Committed Loan to the Company in such amount. The Administrator shall
remit the funds so received to the L/C Issuer in Dollars.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Committed Borrowing of Base Rate Loans because the conditions set forth in Section
4.02 cannot be satisfied or for any other reason, the Company shall be deemed to have
incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that
is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with
interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment
to the Administrator for the account of the L/C Issuer pursuant to Section
2.03(d)(ii) shall be deemed payment in respect of its participation in such L/C
Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its
participation obligation under this Section 2.03.

     (iv) Until each Lender funds its Committed Loan or L/C Advance pursuant to this
Section 2.03(d) to reimburse the L/C Issuer for any amount drawn under any Letter of
Credit, interest in respect of such Lender’s Applicable Percentage of such amount shall be
solely for the account of the L/C Issuer.

     (v) Each Lender’s obligation to make Committed Loans or L/C Advances to reimburse the
L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section
2.03(d), shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right
which such Lender may have against the L/C Issuer, any Borrower, any Subsidiary or any other
Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or (C) any
other occurrence, event or condition, whether or not similar to any of the foregoing;
provided, however, that each Lender’s obligation to make Committed Loans
pursuant to this Section 2.03(d) is subject to the conditions set forth in
Section 4.02 (other than delivery by the Company of a Committed Loan Notice). No
such making of an L/C Advance shall relieve or otherwise impair the obligation of the
Company to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer
under any Letter of Credit, together with interest as provided herein.

     (vi) If any Lender fails to make available to the Administrator for the account of the
L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing
provisions of this Section 2.03(d) by the time specified in Section
2.03(d)(ii), the L/C Issuer shall be entitled to recover from such Lender (acting
through the Administrator), on demand, such amount with interest thereon for the period from
the date such payment is required to the date on which such payment is immediately available
to the L/C Issuer at a rate per annum equal to the applicable Overnight Rate from time to
time in effect, plus any administrative, processing or similar fees

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customarily charged by the L/C Issuer in connection with the foregoing. If such Lender
pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute
such Lender’s Committed Loan included in the relevant Committed Borrowing or L/C Advance in
respect of the relevant L/C Borrowing, as the case may be. A certificate of the L/C Issuer
submitted to any Lender (through the Administrator) with respect to any amounts owing under
this clause (vi) shall be conclusive absent manifest error.

     (e) Repayment of Participations.

     (i) At any time after the L/C Issuer has made a payment under any Letter of Credit and
has received from any Lender such Lender’s L/C Advance in respect of such payment in
accordance with Section 2.03(d), if the Administrator receives for the account of
the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon
(whether directly from the Company or otherwise, including proceeds of Cash Collateral
applied thereto by the Administrator), the Administrator will distribute to such Lender its
Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to
reflect the period of time during which such Lender’s L/C Advance was outstanding) in
Dollars and in the same funds as those received by the Administrator.

     (ii) If any payment received by the Administrator for the account of the L/C Issuer
pursuant to Section 2.03(d)(i) is required to be returned under any of the
circumstances described in Section 10.05 (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Lender shall pay to the
Administrator for the account of the L/C Issuer its Applicable Percentage thereof on demand
of the Administrator, plus interest thereon from the date of such demand to the date such
amount is returned by such Lender, at a rate per annum equal to the applicable Overnight
Rate from time to time in effect. The obligations of the Lenders under this clause shall
survive the payment in full of the Obligations and the termination of this Agreement.

     (f) Obligations Absolute. The obligation of the Company to reimburse the L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute,
unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this
Agreement under all circumstances, including the following:

     (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other Loan Document;

     (ii) the existence of any claim, counterclaim, setoff, defense or other right that the
Company or any Subsidiary may have at any time against any beneficiary or any transferee of
such Letter of Credit (or any Person for whom any such beneficiary or any such transferee
may be acting), the L/C Issuer or any other Person, whether in connection with this
Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement
or instrument relating thereto, or any unrelated transaction;

     (iii) any draft, demand, certificate or other document presented under such Letter of
Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any
statement therein being untrue or inaccurate in any respect; or any loss or delay in the

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transmission or otherwise of any document required in order to make a drawing under
such Letter of Credit;

     (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of
a draft or certificate that does not strictly comply with the terms of such Letter of
Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
creditors, liquidator, receiver or other representative of or successor to any beneficiary
or any transferee of such Letter of Credit, including any arising in connection with any
proceeding under any Debtor Relief Law;

     (v) any adverse change in the relevant exchange rates or in the availability of the
relevant Alternative Currency to the Company or any Subsidiary or in the relevant currency
markets generally; or

     (vi) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, the Company or any Subsidiary.

The Company shall promptly examine a copy of each Letter of Credit and each amendment thereto that
is delivered to it and, in the event of any claim of noncompliance with the Company’s instructions
or other irregularity, the Company will immediately notify the L/C Issuer. The Company shall be
conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents
unless such notice is given as aforesaid.

     (g) Role of L/C Issuer. Each Lender and the Company agree that, in paying any drawing
under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document
(other than any sight draft, certificates and documents expressly required by the Letter of Credit)
or to ascertain or inquire as to the validity or accuracy of any such document or the authority of
the Person executing or delivering any such document. None of the L/C Issuer, the Administrator,
each Co-Administrative Agent, any of their respective Related Parties nor any correspondent,
participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or
omitted in connection herewith at the request or with the approval of the Lenders or the Required
Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or
willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any
document or instrument related to any Letter of Credit or Issuer Document. The Company hereby
assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use
of any Letter of Credit; provided, however, that this assumption is not intended
to, and shall not, preclude the Company’s pursuing such rights and remedies as it may have against
the beneficiary or transferee at law or under any other agreement and this assumption shall not
release the L/C Issuer from liability to the Company for the L/C Issuer’s gross negligence or
willful misconduct in honoring or failing to pay under any Letter of Credit in accordance with the
terms of the following sentence. None of the L/C Issuer, the Administrator, each Co-Administrative
Agent, any of their respective Related Parties nor any correspondent, participant or assignee of
the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i)
through (vi) of Section 2.03(f); provided, however, that anything in such
clauses to the contrary notwithstanding, the Company may have a claim against the L/C Issuer,

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and the L/C Issuer may be liable to the Company, to the extent, but only to the extent, of any
direct, as opposed to consequential or exemplary, damages suffered by the Company which the Company
proves were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s
willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary
of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of
Credit. In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents
that appear on their face to be in order, without responsibility for further investigation,
regardless of any notice or information to the contrary, and the L/C Issuer shall not be
responsible for the validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.

     (h) Cash Collateral.

     (i) Upon the request of the Administrator, (A) if the L/C Issuer has honored any full
or partial drawing request under any Letter of Credit and such drawing has resulted in an
L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for
any reason remains outstanding, the Company shall, in each case, immediately Cash
Collateralize the then Outstanding Amount of all L/C Obligations for so long as such L/C
Obligations remain outstanding.

     (ii) In addition, if the Administrator notifies the Company at any time that the
Outstanding Amount of all L/C Obligations at such time exceeds 105% of the Letter of Credit
Sublimit then in effect, then, within two Business Days after receipt of such notice, the
Company shall Cash Collateralize the L/C Obligations in an amount equal to, and for so long
as, the amount by which the Outstanding Amount of all L/C Obligations exceeds the Letter of
Credit Sublimit. Promptly after any cash collateral provided hereunder shall no longer be
required by this clause (ii), such cash collateral shall be returned to the Company.

     (iii) The Administrator may, at any time and from time to time after the initial
deposit of Cash Collateral, request that additional Cash Collateral be provided in order to
protect against the results of exchange rate fluctuations.

     (iv) Sections 2.05 and 8.02(c) set forth certain additional
requirements to deliver Cash Collateral hereunder. For purposes of this Section
2.03, Section 2.05 and Section 8.02(c), “Cash Collateralize”
means to pledge and deposit with or deliver to the Administrator, for the benefit of the L/C
Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account
balances pursuant to documentation in form and substance reasonably satisfactory to the
Administrator and the L/C Issuer (which documents are hereby consented to by the Lenders).
Derivatives of such term have corresponding meanings. Each Borrower hereby grants to the
Administrator, for the benefit of the L/C Issuer and the Lenders, a security interest in all
such cash, deposit accounts and all balances therein and all proceeds of the foregoing.
Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts at
Bank of America.

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     (i) Applicability of ISP. Unless otherwise expressly agreed by the L/C Issuer and the
Company when a Letter of Credit is issued (including any such agreement applicable to an Existing
Letter of Credit), the rules of the ISP shall apply to each Letter of Credit.

     (j) Conflict with Issuer Documents. In the event of any conflict between the terms
hereof and the terms of any Issuer Document, the terms hereof shall control.

     (k) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of
Credit issued or outstanding hereunder is in support of any obligations of, or is for the account
of, a Subsidiary, the Company shall be obligated to reimburse the L/C Issuer hereunder for any and
all drawings under such Letter of Credit. The Company hereby acknowledges that the issuance of
Letters of Credit for the account of its Subsidiaries inures to the benefit of the Company, and
that the Company’s business derives substantial benefits from the businesses of such Subsidiaries.

     2.04. Swing Line Loans.

     (a) The Swing Line. Subject to the terms and conditions set forth herein, the Swing
Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this
Section 2.04, to make loans in its sole discretion in Dollars (each such loan, a “Swing
Line Loan”) to the Company or the Designated Borrower, as applicable, from time to time on any
Business Day during the Availability Period in an aggregate amount not to exceed at any time
outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line
Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Committed Loans
and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such
Lender’s Commitment; provided, however, that after giving effect to any Swing Line
Loan, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate
Outstanding Amount of the Committed Loans of any Lender (other than the Swing Line Lender),
plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations,
plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans
shall not exceed such Lender’s Commitment. Within the foregoing limits, and subject to the other
terms and conditions hereof, the Company may borrow under this Section 2.04, prepay under
Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall
bear interest at the rate which would otherwise apply to a Eurocurrency Rate Loan for a one-month
Interest Period based on the BBA LIBOR rate in effect on the day on which such Swing Line Loan is
made. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation
in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage
times the amount of such Swing Line Loan.

     (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Company’s
irrevocable notice to the Swing Line Lender and the Administrator, which may be given by telephone.
Each such notice must be received by the Swing Line Lender and the Administrator not later than
3:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which
shall be a minimum of $250,000, and (ii) the requested borrowing date, which shall be a Business
Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender
and the Administrator of a written Swing Line Loan Notice, appropriately completed and signed by a
Responsible Officer of the Company. Promptly

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after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing
Line Lender will confirm with the Administrator (by telephone or in writing) that the Administrator
has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the
Administrator (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender
has received notice (by telephone or in writing) from the Administrator (including at the request
of any Lender) prior to 4:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing
the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in
the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the
applicable conditions specified in Article IV is not then satisfied, then, subject to the
terms and conditions hereof, the Swing Line Lender will, not later than 5:00 p.m. on the borrowing
date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to
the Company at its office by crediting the account of the Company on the books of the Swing Line
Lender in Same Day Funds.

     (c) Refinancing of Swing Line Loans.

     (i) The Swing Line Lender at any time in its sole and absolute discretion may request,
on behalf of the Company (which hereby irrevocably authorizes the Swing Line Lender to so
request on its behalf), that each Lender make a Base Rate Committed Loan in an amount equal
to such Lender’s Applicable Percentage of the amount of Swing Line Loans then outstanding.
Such request shall be made in writing (which written request shall be deemed to be a
Committed Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein for the
principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate
Commitments and the conditions set forth in Section 4.02. The Swing Line Lender
shall furnish the Company with a copy of the applicable Committed Loan Notice promptly after
delivering such notice to the Administrator. Each Lender shall make an amount equal to its
Applicable Percentage of the amount specified in such Committed Loan Notice available to the
Administrator in Same Day Funds for the account of the Swing Line Lender at the
Administrator’s Funding Office for Dollar-denominated payments not later than 1:00 p.m. on
the day specified in such Committed Loan Notice, whereupon, subject to Section
2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a
Base Rate Committed Loan to the Company in such amount, without duplication for that portion
of the Swing Line Loan being so refinanced. The Administrator shall remit the funds so
received to the Swing Line Lender.

     (ii) If for any reason any Swing Line Loan cannot be refinanced by such a Committed
Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Committed
Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request
by the Swing Line Lender that each of the Lenders fund its risk participation in the
relevant Swing Line Loan and each Lender’s payment to the Administrator for the account of
the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in
respect of such participation.

     (iii) If any Lender fails to make available to the Administrator for the account of the
Swing Line Lender any amount required to be paid by such Lender pursuant to the

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foregoing provisions of this Section 2.04(c) by the time specified in
Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such
Lender (acting through the Administrator), on demand, such amount with interest thereon for
the period from the date such payment is required to the date on which such payment is
immediately available to the Swing Line Lender at a rate per annum equal to the applicable
Overnight Rate from time to time in effect, plus any administrative, processing or similar
fees customarily charged by the Swing Line Lender in connection with the foregoing. If such
Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall
constitute such Lender’s Committed Loan included in the relevant Committed Borrowing or
funded participation in the relevant Swing Line Loan, as the case may be. A certificate of
the Swing Line Lender submitted to any Lender (through the Administrator) with respect to
any amounts owing under this clause (iii) shall be conclusive absent manifest error.

     (iv) Each Lender’s obligation to make Committed Loans or to purchase and fund risk
participations in Swing Line Loans pursuant to this Section 2.04(c) shall be
absolute and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right which such Lender may have against
the Swing Line Lender, the Company or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default, or (C) any other occurrence, event or condition,
whether or not similar to any of the foregoing; provided, however, that each
Lender’s obligation to make Committed Loans pursuant to this Section 2.04(c) is
subject to the conditions set forth in Section 4.02. No such funding of risk
participations shall relieve or otherwise impair the obligation of the Company to repay
Swing Line Loans, together with interest as provided herein.

     (d) Repayment of Participations.

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

     (ii) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line Lender under
any of the circumstances described in Section 10.05 (including pursuant to any
settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay
to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrator,
plus interest thereon from the date of such demand to the date such amount is returned, at a
rate per annum equal to the applicable Overnight Rate. The Administrator will make such
demand upon the request of the Swing Line Lender. The obligations of the Lenders under this
clause shall survive the payment in full of the Obligations and the termination of this
Agreement.

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     (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be
responsible for invoicing the Company for interest on the Swing Line Loans. Until each Lender
funds its Base Rate Committed Loan or risk participation pursuant to this Section 2.04 to
refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such
Applicable Percentage shall be solely for the account of the Swing Line Lender.

     (f) Payments Directly to Swing Line Lender. The Company shall make all payments of
principal and interest in respect of the Swing Line Loans directly to the Swing Line Lender
(without duplication of any amounts of the Swing Line Loans which have been refinanced pursuant to
Section 2.04(c)(i)).

     2.05. Prepayments.

     (a) Optional.

     (i) Each Borrower may, upon notice from the Company to the Administrator, at any time
or from time to time voluntarily prepay Committed Loans in whole or in part without premium
or penalty; provided that (i) such notice must be received by the Administrator not
later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of
Eurocurrency Rate Loans and (B) on the date of prepayment of Base Rate Committed Loans; (ii)
any prepayment of Eurocurrency Rate Loans denominated in Dollars shall be in a principal
amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof; (iii) any
prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies shall be in a
minimum principal amount of $100,000 or a whole multiple of $100,000 in excess thereof; and
(iv) any prepayment of Base Rate Committed Loans shall be in a principal amount of $200,000
or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire
principal amount thereof then outstanding. Each such notice shall specify the date and
amount of such prepayment and the Type(s) of Committed Loans to be prepaid and, if
Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The
Administrator will promptly notify each Lender of its receipt of each such notice, and of
the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is
given by the Company, the applicable Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein. Any
prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest on the
amount prepaid, together with any additional amounts required pursuant to Section
3.05. Each such prepayment shall be applied to the Committed Loans of the Lenders in
accordance with their respective Applicable Percentages.

     (ii) The Company may, upon notice to the Swing Line Lender (with a copy to the
Administrator), at any time or from time to time, voluntarily prepay Swing Line Loans in
whole or in part without premium or penalty; provided that (i) such notice must be
received by the Swing Line Lender and the Administrator not later than 1:00 p.m. on the date
of the prepayment, and (ii) any such prepayment shall be in a minimum principal amount of
$100,000. Each such notice shall specify the date and amount of such prepayment. If such
notice is given by the Company, the Company shall make such

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prepayment and the payment amount specified in such notice shall be due and payable on
the date specified therein.

     (b) Mandatory.

     (i) If the Administrator notifies the Company at any time that the Outstanding Amount
of all Loans and L/C Obligations denominated in Alternative Currencies at such time exceeds
an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within
two Business Days after receipt of such notice, the Company shall, or shall cause a
Designated Borrower to, prepay Loans and/or Cash Collateralize such L/C Obligations in an
aggregate amount sufficient to reduce such Outstanding Amount as of such date of
payment/cash collateralization to an amount not to exceed 100% of the Alternative Currency
Sublimit then in effect. Each such prepayment shall be applied to the Committed Loans of
the Lenders in accordance with their respective Applicable Percentages. Promptly after any
cash collateral provided hereunder shall no longer be required by this clause (i), such cash
collateral shall be returned to the Company or applicable Designated Borrower.

     (ii) If the Administrator notifies the Company at any time that the Total Outstandings
at such time exceeds the Aggregate Commitments, then, within two Business Days after receipt
of such notice, the Borrowers shall prepay Loans in an aggregate amount sufficient to reduce
such Total Outstandings as of such date of payment to an amount not to exceed the Aggregate
Commitments.

     2.06. Termination or Reduction of Commitments. The Company may, upon notice to the
Administrator, terminate the Aggregate Commitments, or from time to time permanently reduce the
Aggregate Commitments; provided that (i) any such notice shall be received by the
Administrator not later than 11:00 a.m. five Business Days prior to the date of termination or
reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any
whole multiple of $1,000,000 in excess thereof, (iii) the Company shall not terminate or reduce the
Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder,
the Total Outstandings would exceed the Aggregate Commitments, and (iv) if, after giving effect to
any reduction of the Aggregate Commitments, the Alternative Currency Sublimit, the Letter of Credit
Sublimit or the Swing Line Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit
shall be automatically reduced by the amount of such excess. The Administrator will promptly
notify the Lenders of any such notice of termination or reduction of the Aggregate Commitments.
The amount of any such Aggregate Commitment reduction shall not be applied to the Alternative
Currency Sublimit or the Letter of Credit Sublimit unless otherwise specified by the Company. Any
reduction of the Aggregate Commitments shall be applied to the Commitment of each Lender according
to its Applicable Percentage. All fees accrued until the effective date of any termination of the
Aggregate Commitments shall be paid on the effective date of such termination.

     2.07. Repayment of Loans. (a) Each Borrower shall repay to the Lenders on the Maturity Date
the aggregate principal amount of Committed Loans made to such Borrower outstanding on such date.

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     (b) The Company shall repay each Swing Line Loan on the earlier to occur of (i) the date ten
Business Days after such Loan is made and (ii) the Maturity Date.

     2.08. Interest. (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency
Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period
at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the
Applicable Rate plus (in the case of a Eurocurrency Rate Loan of any Lender which is lent
from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost;
(ii) each Base Rate Committed Loan shall bear interest on the outstanding principal amount thereof
from the applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding principal
amount thereof from the applicable borrowing date at a rate per annum equal to BBA LIBOR on such
borrowing date for a loan in Dollars for a one-month Interest Period plus the Applicable
Rate.

     (b) (i) If any amount of principal of any Loan is not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount
shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the
Default Rate to the fullest extent permitted by applicable Laws.

     (ii) If any amount (other than principal of any Loan) payable by any Borrower under any
Loan Document is not paid when due (without regard to any applicable grace periods), whether
at stated maturity, by acceleration or otherwise, then upon the request of the Required
Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum
at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

     (iii) Upon the request of the Required Lenders, while any Event of Default exists, the
Borrowers shall pay interest on the principal amount of all outstanding Obligations
hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to
the fullest extent permitted by applicable Laws; provided that any Designated
Borrower that is a Foreign Subsidiary shall only be required to pay such interest at such
Default Rate on the principal amount of all outstanding Obligations with respect to such
Designated Borrower.

     (iv) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

     2.09. Fees.

     (a) Commitment Fee. The Company shall pay to the Administrator for the account of
each Lender in accordance with its Applicable Percentage, a commitment fee in Dollars equal to

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the Applicable Rate times the actual daily amount by which the Aggregate Commitments
exceed the sum of (i) the Outstanding Amount of Committed Loans and (ii) the Outstanding Amount of
L/C Obligations. The commitment fee shall accrue at all times during the Availability Period,
including at any time during which one or more of the conditions in Article IV is not met,
and shall be due and payable quarterly in arrears on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the Closing Date, and on
the last day of the Availability Period. The commitment fee shall be calculated quarterly in
arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily
amount shall be computed and multiplied by the Applicable Rate separately for each period during
such quarter that such Applicable Rate was in effect.

     (b) Other Fees. (i) The Company shall pay to the Co-Lead Arrangers, the
Co-Administrative Agents and the Administrator for their own respective accounts, in Dollars, fees
in the amounts and at the times specified in the applicable Fee Letters. Such fees shall be fully
earned when paid and shall not be refundable for any reason whatsoever.

     (ii) The Company shall pay to the Lenders, in Dollars, such fees as shall have been
separately agreed upon in writing in the amounts and at the times so specified. Such fees
shall be fully earned when paid and shall not be refundable for any reason whatsoever.

     (c) Letter of Credit Fees. The Company shall pay to the Administrator for the account
of each Lender in accordance with its Applicable Percentage, in Dollars, a Letter of Credit fee
(the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate
times the Dollar Equivalent of the daily amount available to be drawn under such Letter of
Credit. For purposes of computing the daily amount available to be drawn under any Letter of
Credit, the amount of such Letter of Credit shall be determined in accordance with Section
1.09. Letter of Credit Fees shall be (i) due and payable on the first Business Day after the
end of each March, June, September and December, commencing with the first such date to occur after
the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on
demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable
Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall
be computed and multiplied by the Applicable Rate separately for each period during such quarter
that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained
herein, upon the request of the Required Lenders, while any Event of Default exists, all Letter of
Credit Fees shall accrue at the Default Rate.

     (d) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer. The
Company shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee with
respect to each Letter of Credit, at the rate per annum specified in the Administrator Fee Letter,
computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of
Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable on the tenth
Business Day after the end of each March, June, September and December in respect of the most
recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing
with the first such date to occur after the issuance of such Letter of Credit, on the Letter of
Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount
available to be drawn under any Letter of Credit, the amount of such Letter of Credit

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shall be determined in accordance with Section 1.09. In addition, the Company shall
pay directly to the L/C Issuer for its own account, in Dollars, the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges, of the L/C
Issuer relating to letters of credit as from time to time in effect. Such customary fees and
standard costs and charges are due and payable on demand and are nonrefundable.

     2.10. Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate. (a) All
computations of interest shall be made on the basis of a 360-day year and actual days elapsed
(which results in more fees or interest, as applicable, being paid than if computed on the basis of
a 365-day year), or, in the case of interest in respect of Committed Loans denominated in
Alternative Currencies as to which market practice differs from the foregoing, in accordance with
such market practice. Interest shall accrue on each Loan for the day on which the Loan is made,
and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such
portion is paid, provided that any Loan that is repaid on the same day on which it is made
shall, subject to Section 2.12(a), bear interest for one day. Each determination by the
Administrator of an interest rate or fee hereunder shall be conclusive and binding for all
purposes, absent manifest error.

     (b) If, as a result of any restatement of, or other adjustment to, the financial statements of
the Company or, for any other reason, the Company or the Lenders determine that (i) the
Consolidated Senior Secured Leverage Ratio as calculated by the Company as of any applicable date
was inaccurate and (ii) a proper calculation of the Consolidated Senior Secured Leverage Ratio
would have resulted in higher pricing for such period, each Borrower shall immediately and
retroactively be obligated to pay to the Administrator for the account of the applicable Lenders or
the L/C Issuer, as the case may be, promptly on demand by the Administrator (or, after the
occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under
the Bankruptcy Code of the United States, automatically and without further action by the
Administrator, any Co-Administrative Agent, any Lender or the L/C Issuer), an amount equal to the
excess of the amount of interest and fees that should have been paid for such period over the
amount of interest and fees actually paid for such period. This paragraph shall not limit the
rights of the Administrator, any Co-Administrative Agent, any Lender or the L/C Issuer, as the case
may be, under Section 2.03(d)(iii), 2.09(b) or 2.08(b) or under Article
VIII. The Borrowers’ obligations under this paragraph shall survive the termination of the
Aggregate Commitments and the repayment of all other Obligations hereunder.

     (c) If, as a result of any restatement of, or other adjustment to, the financial statements of
the Company or, for any other reason, the Company or the Lenders determine that (i) the
Consolidated Senior Secured Leverage Ratio as calculated by the Company as of any applicable date
was inaccurate and (ii) a proper calculation of the Consolidated Senior Secured Leverage Ratio
would have resulted in lower pricing for such period, the Administrator shall use commercially
reasonable efforts to request that the Lenders (or such Persons that were Lenders at the time such
overpayment was made) pay to the Administrator for the account of the applicable Borrower an amount
equal to the excess of the amount of interest and fees that was actually paid for such period over
the amount of interest and fees that should have been paid for such period. The Administrator’s
obligations under this paragraph shall survive the termination of the Aggregate Commitments and the
repayment of all other Obligations hereunder.

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     2.11. Evidence of Debt. (a) The Credit Extensions made by each Lender shall be evidenced by
one or more accounts or records maintained by such Lender and by the Administrator in the ordinary
course of business. The accounts or records maintained by the Administrator and each Lender shall
be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to
the Borrowers and the interest and payments thereon. Any failure to so record or any error in
doing so shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to
pay any amount owing with respect to the Obligations. In the event of any conflict between the
accounts and records maintained by any Lender and the accounts and records of the Administrator in
respect of such matters, the accounts and records of the Administrator shall control in the absence
of manifest error. Upon the request of any Lender to a Borrower made through the Administrator,
such Borrower shall execute and deliver to such Lender (through the Administrator) a Note, which
shall evidence such Lender’s Loans to such Borrower in addition to such accounts or records. Each
Lender may attach schedules to a Note and endorse thereon the date, Type (if applicable), amount,
currency and maturity of its Loans and payments with respect thereto.

     (b) In addition to the accounts and records referred to in subsection (a), each Lender and the
Administrator shall maintain in accordance with its usual practice accounts or records evidencing
the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans.
In the event of any conflict between the accounts and records maintained by the Administrator and
the accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrator shall control in the absence of manifest error.

     2.12. Payments Generally; Administrator’s Clawback. (a) General. All payments to be
made by the Borrowers shall be made without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise expressly provided herein and except with respect to
principal of and interest on Loans denominated in an Alternative Currency, all payments by the
Borrowers hereunder shall be made to the Administrator (unless such payment is in respect of any
fees payable by any Borrower to either of the Co-Administrative Agents (including in such
Co-Administrative Agent’s capacity as the L/C Issuer hereunder), in which case such payment shall
be made directly to such Co-Administrative Agent) for the account of the respective Lenders to
which such payment is owed, at the Administrator’s Funding Office (or with respect to such
Co-Administrative Agent, at such office as notified to the Borrowers by it) in Dollars and in Same
Day Funds not later than 2:00 p.m. on the date specified herein. Except as otherwise expressly
provided herein, all payments by the Borrowers hereunder with respect to principal and interest on
Loans denominated in an Alternative Currency shall be made to the Administrator, for the account of
the respective Lenders to which such payment is owed, at the applicable Administrator’s Funding
Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time
specified by the Administrator on the dates specified herein. Without limiting the generality of
the foregoing, the Administrator may require that any payments due under this Agreement be made in
the United States. If, for any reason, any Borrower is prohibited by any Law from making any
required payment hereunder in an Alternative Currency, such Borrower shall make such payment in
Dollars in the Dollar Equivalent of the Alternative Currency payment amount. The Administrator
will promptly distribute to each Lender its Applicable Percentage (or other applicable share as
provided herein) of such payment in like funds as received by wire transfer to such Lender’s
Lending Office. All payments received by the Administrator (i) after 2:00 p.m., in the case of
payments in Dollars, or

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(ii) after the Applicable Time specified by the Administrator in the case of payments in an
Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and
any applicable interest or fee shall continue to accrue. If any payment to be made by any Borrower
shall come due on a day other than a Business Day, payment shall be made on the next following
Business Day, and such extension of time shall be reflected in computing interest or fees, as the
case may be.

     (b) (i) Funding by Lenders; Presumption by Administrator. Unless the Administrator
shall have received notice from a Lender prior to the proposed date of any Committed Borrowing of
Eurocurrency Rate Loans (or, in the case of any Committed Borrowing of Base Rate Loans, prior to
12:00 noon on the date of such Committed Borrowing) that such Lender will not make available to the
Administrator such Lender’s share of such Committed Borrowing, the Administrator may assume that
such Lender has made such share available on such date in accordance with Section 2.02 (or,
in the case of a Committed Borrowing of Base Rate Loans, that such Lender has made such share
available in accordance with and at the time required by Section 2.02) and may, in reliance
upon such assumption, make available to the applicable Borrower a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Committed Borrowing available
to the Administrator, then the applicable Lender and the applicable Borrower severally agree to pay
to the Administrator forthwith on demand such corresponding amount in Same Day Funds with interest
thereon, for each day from and including the date such amount is made available to such Borrower to
but excluding the date of payment to the Administrator, at (A) in the case of a payment to be made
by such Lender, the Overnight Rate, plus any administrative, processing or similar fees customarily
charged by the Administrator in connection with the foregoing, and (B) in the case of a payment to
be made by such Borrower, the interest rate applicable to Base Rate Loans. If such Borrower and
such Lender shall pay such interest to the Administrator for the same or an overlapping period, the
Administrator shall promptly remit to such Borrower the amount of such interest paid by such
Borrower for such period. If such Lender pays its share of the applicable Committed Borrowing to
the Administrator, then the amount so paid shall constitute such Lender’s Committed Loan included
in such Committed Borrowing. Any payment by such Borrower shall be without prejudice to any claim
such Borrower may have against a Lender that shall have failed to make such payment to the
Administrator.

     (ii) Payments by Borrowers; Presumptions by Administrator. Unless the
Administrator shall have received notice from a Borrower prior to the date on which any
payment is due to the Administrator for the account of the Lenders or the L/C Issuer
hereunder that such Borrower will not make such payment, the Administrator may assume that
such Borrower has made such payment on such date in accordance herewith and may, in reliance
upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the
amount due. In such event, if such Borrower has not in fact made such payment, then each of
the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the
Administrator forthwith on demand the amount so distributed to such Lender or the L/C
Issuer, in Same Day Funds with interest thereon, for each day from and including the date
such amount is distributed to it to but excluding the date of payment to the Administrator,
at the Overnight Rate.

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A notice of the Administrator to any Lender or Borrower with respect to any amount owing under this
subsection (b) shall be conclusive, absent manifest error.

     (c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the
Administrator funds for any Loan to be made by such Lender to any Borrower as provided in the
foregoing provisions of this Article II, and such funds are not made available to such
Borrower by the Administrator because the conditions to the applicable Credit Extension set forth
in Article IV are not satisfied or waived in accordance with the terms hereof, the
Administrator shall return such funds (in like funds as received from such Lender) to such Lender,
without interest.

     (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Committed Loans, to fund participations in Letters of Credit and Swing Line Loans and to make
payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender
to make any Committed Loan, to fund any such participation or to make any payment under Section
10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding
obligation to do so on such date, and no Lender shall be responsible for the failure of any other
Lender to so make its Committed Loan, to purchase its participation or to make its payment under
Section 10.04(c).

     (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any
Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

     2.13. Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff
or counterclaim or otherwise, obtain payment in respect of any principal of, or interest on, any of
the Committed Loans made by it, or the participations in L/C Obligations or in Swing Line Loans
held by it resulting in such Lender’s receiving payment of a proportion of the aggregate amount of
such Committed Loans or participations and accrued interest thereon greater than its pro rata share
thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the
Administrator of such fact, and (b) purchase (for cash at face value) participations in the
Committed Loans and subparticipations in L/C Obligations and Swing Line Loans of the other Lenders,
or make such other adjustments as shall be equitable, so that the benefit of all such payments
shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and
accrued interest on their respective Committed Loans and other amounts owing them, provided
that:

     (i) if any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or
subparticipations shall be rescinded and the purchase price restored to the extent of such
recovery, without interest; and

     (ii) the provisions of this Section shall not be construed to apply to (x) any
payment made by a Borrower pursuant to, and in accordance with, the express terms of this
Agreement or (y) any payment obtained by a Lender as consideration for the assignment of, or
sale of, a participation in any of its Committed Loans or

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subparticipations in L/C Obligations or Swing Line Loans to any assignee or
participant, other than to the Company or any Subsidiary thereof (as to which the provisions
of this Section shall apply).

Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against such Borrower rights of setoff and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of such Borrower in the amount of
such participation.

     2.14. Designated Borrowers.

     (a) The Company may at any time, upon not less than 10 Business Days’ notice from the Company
to the Administrator (or such shorter period as may be agreed by the Administrator in its sole
discretion), designate any wholly-owned Subsidiary of the Company (an “Applicant Borrower”)
as a Designated Borrower to receive Loans hereunder by delivering to the Administrator (which shall
promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in
substantially the form of Exhibit G (a “Designated Borrower Request and Assumption
Agreement”). The parties hereto acknowledge and agree that prior to any Applicant Borrower
becoming entitled to utilize the credit facilities provided for herein the Administrator and the
Lenders shall have received such supporting resolutions, incumbency certificates, opinions of
counsel and other documents or information, in form, content and scope reasonably satisfactory to
the Administrator, as may be required by the Administrator or the Required Lenders in their sole
discretion, and Notes signed by such new Borrowers to the extent any Lenders so require. If the
Administrator and the Required Lenders agree that an Applicant Borrower shall be entitled to
receive Loans hereunder, then promptly following receipt of all such requested resolutions,
incumbency certificates, opinions of counsel and other documents or information, the Administrator
shall send a notice in substantially the form of Exhibit H (a “Designated Borrower
Notice”) to the Company and the Lenders specifying the effective date upon which the Applicant
Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of the Lenders
agrees to permit such Designated Borrower to receive Committed Loans hereunder, on the terms and
conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise
shall be a Borrower for all purposes of this Agreement; provided that no Loan Notice or
Letter of Credit Application may be submitted by or on behalf of such Designated Borrower until the
date five Business Days after such effective date; and provided further, that
effective as of the date hereof, the Required Lenders agree that RWG Frankenjura-Industrie
Flugwerlager GmbH, a company organized under the Laws of Germany, may become a “Designated
Borrower” pursuant hereto (subject to satisfaction of the other conditions set forth in this
Section 2.14) without any requirement of further written consent from the Required Lenders.

     (b) The Obligations of the Company and each Designated Borrower that is a Domestic Subsidiary
shall be joint and several in nature. The Obligations of all Designated Borrowers that are Foreign
Subsidiaries shall be several in nature.

     (c) Each Subsidiary of the Company that is or becomes a “Designated Borrower” pursuant to this
Section 2.14 hereby irrevocably appoints the Company as its agent for all

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purposes relevant to this Agreement and each of the other Loan Documents, including (i) the
giving and receipt of notices, (ii) the execution and delivery of all documents, instruments and
certificates contemplated herein and all modifications hereto, and (iii) the receipt of the
proceeds of any Loans made by the Lenders to any such Designated Borrower hereunder. Any
acknowledgment, consent, direction, certification or other action which might otherwise be valid or
effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be
valid and effective if given or taken only by the Company, whether or not any such other Borrower
joins therein. Any notice, demand, consent, acknowledgement, direction, certification or other
communication delivered to the Company in accordance with the terms of this Agreement shall be
deemed to have been delivered to each Designated Borrower.

     (d) The Company may from time to time, upon not less than 5 Business Days’ notice from the
Company to the Administrator (or such shorter period as may be agreed by the Administrator in its
sole discretion), terminate a Designated Borrower’s status as such, provided that there are
no outstanding Loans payable by such Designated Borrower, or other amounts payable by such
Designated Borrower on account of any Loans made to it, as of the effective date of such
termination. The Administrator will promptly notify the Lenders of any such termination of a
Designated Borrower’s status.

     (e) In no event shall the Loans to Designated Borrowers exceed the amount permitted by
Section 7.13(a).

     2.15. Increase in Commitments.

     (a) Request for Increase. Provided there exists no Default, upon notice to the
Administrator (which shall promptly notify the Lenders), the Company may from time to time, request
an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding
$75,000,000; provided that (i) any such request for an increase shall be in a minimum
amount of $10,000,000, and (ii) the Company may make a maximum of four such requests. At the time
of sending such notice, the Company (in consultation with the Administrator) shall specify the time
period within which each Lender is requested to respond (which shall in no event be less than ten
(10) Business Days from the date of delivery of such notice to the Lenders).

     (b) Lender Elections to Increase. Each Lender shall notify the Administrator within
such time period whether or not it agrees to increase its Commitment and, if so, whether by an
amount equal to, greater than, or less than its Applicable Percentage of such requested increase.
Any Lender not responding within such time period shall be deemed to have declined to increase its
Commitment.

     (c) Notification by Administrator; Additional Lenders. The Administrator shall notify
the Company and each Lender of the Lenders’ responses to each request made hereunder. To achieve
the full amount of a requested increase and subject to the approval of each Co-Administrative
Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably
withheld), the Company may also invite additional Eligible Assignees to become Lenders pursuant to
a joinder agreement in form and substance satisfactory to each Co-Administrative Agent, the L/C
Issuer, the Swing Line Lender and their respective counsel.

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     (d) Increase Effective Date and Allocations. If the Aggregate Commitments are
increased in accordance with this Section, the Administrator and the Company shall determine the
effective date (the “Increase Effective Date”) and the final allocation of such increase.
The Administrator shall promptly notify the Company and the Lenders of the final allocation of such
increase and the Increase Effective Date.

     (e) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the Company shall deliver to the Administrator a certificate of each Loan Party dated as
of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible
Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party
approving or consenting to such increase, and (ii) in the case of the Company, certifying that,
before and after giving effect to such increase, (A) the representations and warranties contained
in Article V and the other Loan Documents are true and correct on and as of the Increase
Effective Date, except to the extent that such representations and warranties specifically refer to
an earlier date, in which case they are true and correct as of such earlier date, and except that
for purposes of this Section 2.15, the representations and warranties contained in
subsections (a) and (b) of Section 5.07 shall be deemed to refer to the most recent
statements furnished pursuant to Section 6.01, and (B) no Default exists. The Borrowers
shall prepay any Committed Loans outstanding on the Increase Effective Date (and pay any additional
amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding
Committed Loans ratable with any revised Applicable Percentages arising from any nonratable
increase in the Commitments under this Section.

     (f) Conflicting Provisions. This Section shall supersede any provisions in
Section 2.13 or 10.01 to the contrary.

     2.16. Collateral and Guaranties.

     (a) Collateral. The Loans and the other Obligations shall be secured by valid, first
priority perfected and enforceable Liens in favor of the Collateral Agent, for the benefit of the
Secured Parties, in all right, title and interest of each Loan Party (other than a Designated
Borrower that is a Foreign Subsidiary) in all of their personal property and all products and
proceeds of the foregoing, as more fully described in the Collateral Documents; provided,
however, that, with respect to Foreign Subsidiaries, Liens shall only be granted on 66% of
the issued and outstanding Equity Interests of any Foreign Subsidiary the immediate corporate
parent of which is the Company or a Domestic Subsidiary. The Liens in the Collateral shall be
granted to the Collateral Agent for the benefit of the Secured Parties and shall be valid and
perfected first priority Liens subject to the terms of the Intercreditor Agreement.

     (b) Guarantees. Payment of the Loans and the other Obligations shall be
unconditionally guaranteed by each Domestic Subsidiary Guarantor and the Company pursuant to a
written Domestic Subsidiary Guarantee or the Company Guarantee, as the case may be, executed by
such Loan Party.

     (c) Further Assurances. Each Borrower covenants and agrees that it shall, and the
Company agrees that it shall cause each other Loan Party to, comply with all terms and conditions
of each of the Collateral Documents, the Domestic Subsidiary Guarantee and the

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Company Guarantee to which it is a party and that such Borrower shall, and the Company agrees
that it shall cause each other Loan Party to, at any time and from time to time at the request of
the Co-Administrative Agents, the Collateral Agent or the Required Lenders execute and deliver such
instruments and documents and do such acts and things as the Co-Administrative Agents, the
Collateral Agent or the Required Lenders may reasonably request in order to provide for or protect
or perfect the Lien of the Collateral Agent in the Collateral, subject to the terms of Section
2.16(a) above.

ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

     3.01. Taxes.

     (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i)
Any and all payments by or on account of any obligation of the respective Borrowers hereunder or
under any other Loan Document shall to the extent permitted by applicable Laws be made free and
clear of, and without reduction or withholding for, any Taxes. If, however, applicable Laws
require any Borrower or the Administrator to withhold or deduct any Tax, such Tax shall be withheld
or deducted in accordance with such Laws as determined by such Borrower or the Administrator, as
the case may be, upon the basis of the information and documentation to be delivered pursuant to
subsection (e) below.

     (ii) If any Borrower or the Administrator shall be required by the Code to withhold or
deduct any Taxes, including both United States Federal backup withholding and withholding
taxes, from any payment, then (A) the Administrator shall withhold or make such deductions
as are determined by the Administrator to be required based upon the information and
documentation it has received pursuant to subsection (e) below, (B) the Administrator shall
timely pay the full amount withheld or deducted to the relevant Governmental Authority in
accordance with the Code, and (C) to the extent that the withholding or deduction is made on
account of Indemnified Taxes or Other Taxes, the sum payable by such Borrower shall be
increased as necessary so that after any required withholding or the making of all required
deductions (including deductions applicable to additional sums payable under this Section)
the Administrator, Lender or L/C Issuer, as the case may be, receives an amount equal to the
sum it would have received had no such withholding or deduction been made.

     (iii) If any Borrower or the Administrator shall be required by any applicable Laws
other than the Code to withhold or deduct any Taxes from any payment, then (A) such Borrower
or the Administrator, as required by such Laws, shall withhold or make such deductions as
are determined by it to be required based upon the information and documentation it has
received pursuant to subsection (e) below, (B) such Borrower or the Administrator, to the
extent required by such Laws, shall timely pay the full amount so withheld or deducted by it
to the relevant Governmental Authority in accordance with such Laws, and (C) to the extent
that the withholding or deduction is made on account of Indemnified Taxes or Other Taxes,
the sum payable by such Borrower shall be increased as necessary so that after any required
withholding or the making of all required deductions (including deductions applicable to
additional sums payable under this

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Section) the Administrator, Lender or L/C Issuer, as the case may be, receives an
amount equal to the sum it would have received had no such withholding or deduction been
made.

     (b) Payment of Other Taxes by the Borrowers. Without limiting the provisions of
subsection (a) above, each Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable Laws.

     (c) Tax Indemnifications. (i) Without limiting the provisions of subsection (a) or
(b) above, each Borrower shall, and does hereby, jointly and severally (or, with respect to any
Designated Borrower that is a Foreign Subsidiary, severally and not jointly), indemnify the
Administrator, each Lender and the L/C Issuer, and shall make payment in respect thereof within 10
days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including
Indemnified Taxes or Other Taxes imposed or asserted on, or attributable to, amounts payable under
this Section) withheld or deducted by such Borrower or the Administrator or paid by the
Administrator, such Lender or the L/C Issuer, as the case may be, and any penalties, interest and
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority. Each Borrower shall also, and does hereby, jointly and severally, indemnify the
Administrator, and shall make payment in respect thereof within 10 days after demand therefor, for
any amount which a Lender or the L/C Issuer for any reason fails to pay indefeasibly to the
Administrator as required by clause (ii) of this subsection. A certificate as to the amount of any
such payment or liability delivered to a Borrower by a Lender or the L/C Issuer (with a copy to the
Administrator), or by the Administrator on its own behalf or on behalf of a Lender or the L/C
Issuer, shall be conclusive absent manifest error.

     (ii) Without limiting the provisions of subsection (a) or (b) above, each Lender and
the L/C Issuer shall, and does hereby, indemnify each Borrower and the Administrator, and
shall make payment in respect thereof within 10 days after demand therefor, against any and
all Taxes and any and all related losses, claims, liabilities, penalties, interest and
expenses (including the fees, charges and disbursements of any counsel for such Borrower or
the Administrator) incurred by or asserted against such Borrower or the Administrator by any
Governmental Authority as a result of the failure by such Lender or the L/C Issuer, as the
case may be, to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any
documentation required to be delivered by such Lender or the L/C Issuer, as the case may be,
to such Borrower or the Administrator pursuant to subsection (e). Each Lender and the L/C
Issuer hereby authorizes the Administrator to set off and apply any and all amounts at any
time owing to such Lender or the L/C Issuer, as the case may be, under this Agreement or any
other Loan Document against any amount due to the Administrator under this clause (ii). The
agreements in this clause (ii) shall survive the resignation and/or replacement of the
Administrator, any assignment of rights by, or the replacement of, a Lender or the L/C
Issuer, the termination of the Aggregate Commitments and the repayment, satisfaction or
discharge of all other Obligations.

     (d) Evidence of Payments. Upon request by a Borrower or the Administrator, as the
case may be, after any payment of Taxes by such Borrower or by the Administrator to a

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Governmental Authority as provided in this Section 3.01, such Borrower shall deliver
to the Administrator or the Administrator shall deliver to such Borrower, as the case may be, the
original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of any return required by Laws to report such payment or other evidence of such
payment reasonably satisfactory to such Borrower or the Administrator, as the case may be.

     (e) Status of Lenders; Tax Documentation. (i) Each Lender shall deliver to the
Company and to the Administrator, at the time or times prescribed by applicable Laws or when
reasonably requested by the Company or the Administrator, such properly completed and executed
documentation prescribed by applicable Laws or by the taxing authorities of any jurisdiction and
such other reasonably requested information as will permit the Company or the Administrator, as the
case may be, to determine (A) whether or not payments made by the respective Borrowers hereunder or
under any other Loan Document are subject to Taxes, (B) if applicable, the required rate of
withholding or deduction, and (C) such Lender’s entitlement to any available exemption from, or
reduction of, applicable Taxes in respect of all payments to be made to such Lender by the
respective Borrowers pursuant to this Agreement or otherwise to establish such Lender’s status for
withholding tax purposes in the applicable jurisdictions.

     (ii) Without limiting the generality of the foregoing, if a Borrower is resident for
tax purposes in the United States,

     (A) any Lender that is a “United States person” within the meaning of Section
7701(a)(30) of the Code shall deliver to the Company and the Administrator executed
originals of Internal Revenue Service Form W-9 or such other documentation or
information prescribed by applicable Laws or reasonably requested by the Company on
behalf of such Borrower or the Administrator as will enable such Borrower or the
Administrator, as the case may be, to determine whether or not such Lender is
subject to backup withholding or information reporting requirements; and

     (B) each Foreign Lender that is entitled under the Code or any applicable
treaty to an exemption from or reduction of withholding tax with respect to payments
hereunder or under any other Loan Document shall deliver to the Company and the
Administrator (in such number of copies as shall be requested by the recipient) on
or prior to the date on which such Foreign Lender becomes a Lender under this
Agreement (and from time to time thereafter upon the request of the Company on
behalf of such Borrower or the Administrator, but only if such Foreign Lender is
legally entitled to do so), whichever of the following is applicable:

     (I) executed originals of Internal Revenue Service Form W-8BEN claiming
eligibility for benefits of an income tax treaty to which the United States
is a party,

     (II) executed originals of Internal Revenue Service Form W-8ECI,

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     (III) executed originals of Internal Revenue Service Form W-8IMY and
all required supporting documentation,

     (IV) in the case of a Foreign Lender claiming the benefits of the
exemption for portfolio interest under section 881(c) of the Code, (x) a
certificate to the effect that such Foreign Lender is not (A) a “bank”
within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of such Borrower within the meaning of section 881(c)(3)(B) of
the Code, or (C) a “controlled foreign corporation” described in section
881(c)(3)(C) of the Code and (y) executed originals of Internal Revenue
Service Form W-8BEN, or

     (V) executed originals of any other form prescribed by applicable Laws
as a basis for claiming exemption from or a reduction in United States
Federal withholding tax together with such supplementary documentation as
may be prescribed by applicable Laws to permit such Borrower or the
Administrator to determine the withholding or deduction required to be made.

     (iii) Each Lender shall promptly (A) notify the Company and the Administrator of any
change in circumstances which would modify or render invalid any claimed exemption or
reduction, and (B) take such steps as shall not be materially disadvantageous to it, in the
reasonable judgment of such Lender, and as may be reasonably necessary (including the
re-designation of its Lending Office) to avoid any requirement of applicable Laws of any
jurisdiction that any Borrower or the Administrator make any withholding or deduction for
taxes from amounts payable to such Lender.

     (iv) Each of the Borrowers shall promptly deliver to the Administrator or any Lender,
as the Administrator or such Lender shall reasonably request, on or prior to the Closing
Date (or such later date on which it first becomes a Borrower), and in a timely fashion
thereafter, such documents and forms required by any relevant taxing authorities under the
Laws of any jurisdiction, duly executed and completed by such Borrower, as are required to
be furnished by such Lender or the Administrator under such Laws in connection with any
payment by the Administrator or any Lender of Taxes or Other Taxes, or otherwise in
connection with the Loan Documents, with respect to such jurisdiction.

     (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time
shall the Administrator have any obligation to file for or otherwise pursue on behalf of a Lender
or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of
Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as the
case may be. If the Administrator, any Lender or the L/C Issuer determines, in its sole
discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been
indemnified by any Borrower or with respect to which any Borrower has paid additional amounts
pursuant to this Section, it shall pay to such Borrower an amount equal to such refund (but only to
the extent of indemnity payments made, or additional amounts paid, by such Borrower under

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this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses and net of any loss or gain realized in the conversion of such funds from or
to another currency incurred by the Administrator, such Lender or the L/C Issuer, as the case may
be, and without interest (other than any interest paid by the relevant Governmental Authority with
respect to such refund), provided that each Borrower, upon the request of the
Administrator, such Lender or the L/C Issuer, agrees to repay the amount paid over to such Borrower
(plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to
the Administrator, such Lender or the L/C Issuer in the event the Administrator, such Lender or the
L/C Issuer is required to repay such refund to such Governmental Authority. This subsection shall
not be construed to require the Administrator, any Lender or the L/C Issuer to make available its
tax returns (or any other information relating to its taxes that it deems confidential) to any
Borrower or any other Person.

     3.02. Illegality. If any Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending
Office to make, maintain or fund Eurocurrency Rate Loans (whether denominated in Dollars or an
Alternative Currency), or to determine or charge interest rates based upon the Eurocurrency Rate,
or any Governmental Authority has imposed material restrictions on the authority of such Lender to
purchase or sell, or to take deposits of, Dollars or any Alternative Currency in the applicable
interbank market, then, on notice thereof by such Lender to the Company through the Administrator,
any obligation of such Lender to make or continue Eurocurrency Rate Loans in the affected currency
or currencies or, in the case of Eurocurrency Rate Loans in Dollars, to convert Base Rate Committed
Loans to Eurocurrency Rate Loans, shall be suspended until such Lender notifies the Administrator
and the Company that the circumstances giving rise to such determination no longer exist. Upon
receipt of such notice, the Borrowers shall, upon demand from such Lender (with a copy to the
Administrator), prepay or, if applicable and such Loans are denominated in Dollars, convert all
such Eurocurrency Rate Loans of such Lender to Base Rate Loans, either on the last day of the
Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate
Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such
Eurocurrency Rate Loans. Upon any such prepayment or conversion, the Borrowers shall also pay
accrued interest on the amount so prepaid or converted.

     3.03. Inability to Determine Rates. If the Required Lenders determine that for any reason in
connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof
that (a) deposits (whether in Dollars or an Alternative Currency) are not being offered to banks in
the applicable offshore interbank market for such currency for the applicable amount and Interest
Period of such Eurocurrency Rate Loan, (b) adequate and reasonable means do not exist for
determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed
Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative Currency), or (c) the
Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate
Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurocurrency
Rate Loan, the Administrator will promptly so notify the Company and each Lender. Thereafter, the
obligation of the Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or
currencies shall be suspended until the Administrator (upon the instruction of the Required
Lenders) revokes such notice. Upon receipt of such notice, the Company may revoke any pending
request for a Borrowing of, conversion to

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or continuation of Eurocurrency Rate Loans in the affected currency or currencies or, failing
that, will be deemed to have converted such request into a request for a Committed Borrowing of
Base Rate Loans in the amount specified therein.

     3.04. Increased Costs; Reserves on Eurocurrency Rate Loans.

     (a) Increased Costs Generally. If any Change in Law shall:

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended or participated in by, any Lender (except (A) any reserve requirement
contemplated by Section 3.04(e) and (B) the requirements of the Bank of England and
the Financial Services Authority or the European Central Bank reflected in the Mandatory
Cost, other than as set forth below) or the L/C Issuer;

     (ii) subject any Lender or the L/C Issuer to any tax of any kind whatsoever with
respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or
any Eurocurrency Rate Loan made by it, or change the basis of taxation of payments to such
Lender or the L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes
covered by Section 3.01 and the imposition of, or any change in the rate of, any
Excluded Tax payable by such Lender or the L/C Issuer);

     (iii) result in the failure of the Mandatory Cost, as calculated hereunder, to
represent the cost to any Lender of complying with the requirements of the Bank of England
and/or the Financial Services Authority or the European Central Bank in relation to its
making, funding or maintaining Eurocurrency Rate Loans; or

     (iv) impose on any Lender or the L/C Issuer or the London interbank market any other
condition, cost or expense affecting this Agreement or Eurocurrency Rate Loans made by such
Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurocurrency Rate Loan (or of maintaining its obligation to make any such Loan), or
to increase the cost to such Lender or the L/C Issuer of participating in, issuing or maintaining
any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of
Credit), or to reduce the amount of any sum received or receivable by such Lender or the L/C Issuer
hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or
the L/C Issuer, the Company will pay (or cause the applicable Designated Borrower to pay) to such
Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate
such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction
suffered.

     (b) Capital Requirements. If any Lender or the L/C Issuer determines that any Change
in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such
Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would
have the effect of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on
the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this
Agreement, the Commitments of such Lender or the Loans made by, or participations in

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Letters of Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to
a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding
company could have achieved but for such Change in Law (taking into consideration such Lender’s or
the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company
with respect to capital adequacy), then from time to time the Company will pay (or cause the
applicable Designated Borrower to pay) to such Lender or the L/C Issuer, as the case may be, such
additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or
the L/C Issuer’s holding company for any such reduction suffered.

     (c) Certificates for Reimbursement. A certificate of a Lender or the L/C Issuer
setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its
holding company, as the case may be, as specified in subsection (a) or (b) of this Section and
delivered to the Company shall be conclusive absent manifest error. The Company shall pay (or
cause the applicable Designated Borrower to pay) such Lender or the L/C Issuer, as the case may be,
the amount shown as due on any such certificate within 10 days after receipt thereof.

     (d) Delay in Requests. Failure or delay on the part of any Lender or the L/C Issuer
to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a
waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided
that no Borrower shall be required to compensate a Lender or the L/C Issuer pursuant to the
foregoing provisions of this Section for any increased costs incurred or reductions suffered more
than six months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies
the Company of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or the L/C Issuer’s intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the six-month period
referred to above shall be extended to include the period of retroactive effect thereof).

     (e) Additional Reserve Requirements. The Company shall pay (or cause the applicable
Designated Borrower to pay) to each Lender, (i) as long as such Lender shall be required to
maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency
funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the
unpaid principal amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves
allocated to such Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive), and (ii) as long as such Lender shall be required to comply
with any reserve ratio requirement or analogous requirement of any other central banking or
financial regulatory authority imposed in respect of the maintenance of the Commitments or the
funding of the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum
and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs
allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith,
which determination shall be conclusive), which in each case shall be due and payable on each date
on which interest is payable on such Loan, provided the Company shall have received at
least 10 days’ prior notice (with a copy to the Administrator) of such additional interest or costs
from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment
Date, such additional interest or costs shall be due and payable 10 days from receipt of such
notice.

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     3.05. Compensation for Losses. Upon demand of any Lender (with a copy to the Administrator)
from time to time, the Company shall promptly compensate (or cause the applicable Designated
Borrower to compensate) such Lender for and hold such Lender harmless from any loss, cost or
expense incurred by it as a result of:

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate
Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise);

     (b) any failure by any Borrower (for a reason other than the failure of such Lender to make a
Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in
the amount notified by the Company or the applicable Designated Borrower;

     (c) any failure by any Borrower to make payment of any Loan or drawing under any Letter of
Credit (or interest due thereon) denominated in an Alternative Currency on its scheduled due date
or any payment thereof in a different currency; or

     (d) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Company pursuant to Section 10.13;

including any loss of anticipated profits, any foreign exchange losses and any loss or expense
arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from
fees payable to terminate the deposits from which such funds were obtained or from the performance
of any foreign exchange contract. The Company shall also pay (or cause the applicable Designated
Borrower to pay) any customary administrative fees charged by such Lender in connection with the
foregoing.

For purposes of calculating amounts payable by the Company (or the applicable Designated Borrower)
to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each
Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or
other borrowing in the offshore interbank market for such currency for a comparable amount and for
a comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded.

     3.06. Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or any Borrower is required to pay any additional amount to any Lender,
the L/C Issuer, or any Governmental Authority for the account of any Lender or the L/C Issuer
pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02,
then such Lender or the L/C Issuer shall, as applicable, use reasonable efforts to designate a
different Lending Office for funding or booking its Loans hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of
such Lender or the L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or
eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each
case, would not subject such Lender or the L/C Issuer, as the case may be, to any unreimbursed cost
or expense and would not otherwise be disadvantageous to such Lender or the L/C Issuer, as the case
may be. The

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Company hereby agrees to pay (or to cause the applicable Designated Borrower to pay) all
reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any such
designation or assignment.

     (b) Replacement of Lenders. If (i) any Lender determines that it is unlawful for such
Lender (but not for the other Lenders generally) to make, maintain or fund Eurocurrency Rate Loans,
or to determine or charge interest rates based upon the Eurocurrency Rate, in each case as set
forth in Section 3.02, (ii) any Lender requests compensation under Section 3.04, or
(iii) any Borrower is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 3.01, the Company may replace
such Lender in accordance with Section 10.13.

     3.07. Survival. All of the Borrowers’ obligations under this Article III shall
survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder, and
resignation of the Administrator.

ARTICLE IV.

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

     4.01. Conditions of Initial Credit Extension. The obligation of the L/C Issuer and each
Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following
conditions precedent:

     (a) The Co-Administrative Agents’ receipt of the following, each of which shall be originals
or electronically transmitted copies (followed promptly by originals) unless otherwise specified,
each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing
Date (or, in the case of certificates of governmental officials, a recent date before the Closing
Date) and each in form and substance reasonably satisfactory to each Co-Administrative Agent and
each of the Lenders:

     (i) executed counterparts of this Agreement and the Domestic Subsidiary Guarantee,
sufficient in number for distribution to each Co-Administrative Agent, each Lender and the
Company;

     (ii) Notes executed by the Borrowers in favor of each Lender requesting Notes;

     (iii) each other Loan Document duly executed by each Loan Party, together with:

     (A) proper financing statements in form appropriate for filing under the
Uniform Commercial Code of all jurisdictions that the Collateral Agent may deem
necessary or desirable in order to perfect the Liens created under the Security
Agreement, covering the Collateral described therein,

     (B) evidence of the completion and/or preparation of all other actions,
recordings and filings of or with respect to the Collateral Documents that the
Collateral Agent may deem necessary or desirable in order to perfect the Liens

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created thereby (including receipt of duly executed payoff letters and UCC-3
termination statements), and

     (C) certificates representing the Pledged Stock Collateral accompanied by
undated stock powers executed in blank and instruments evidencing the Pledged Debt
indorsed in blank.

     (iv) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of Responsible Officers of each Loan Party as each Co-Administrative
Agent may require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this Agreement
and the other Loan Documents to which such Loan Party is a party;

     (v) such documents and certifications as each Co-Administrative Agent may reasonably
require to evidence that each Loan Party is duly organized or formed, and that each of the
Company and each other Loan Party is validly existing, in good standing (where such concept
is applicable) and qualified to engage in business in each jurisdiction where its ownership,
lease or operation of properties or the conduct of its business requires such qualification,
except to the extent that failure to do so could not reasonably be expected to have a
Material Adverse Effect;

     (vi) a favorable opinion of Murtha Cullina, LLP, counsel to the Loan Parties, addressed
to the Collateral Agent, the Administrator, each Co-Administrative Agent and each Lender, in
form and substance reasonably satisfactory to such addressees, and as to such matters
concerning the Loan Parties and the Loan Documents as the Required Lenders may reasonably
request;

     (vii) a favorable opinion of Eversheds LLP, local counsel to Kaman UK Holdings Limited
in the United Kingdom, addressed to the Collateral Agent, the Administrator, each
Co-Administrative Agent and each Lender, in form and substance reasonably satisfactory to
such addressees, and as to such matters concerning the Loan Parties and the Loan Documents
as the Required Lenders may reasonably request;

     (viii) a favorable opinion of Ms. Candace Clark, in-house counsel to the Loan Parties,
addressed to the Collateral Agent, the Administrator, each Co-Administrative Agent and each
Lender, in form and substance reasonably satisfactory to such addressees, and as to such
matters concerning the Loan Parties and the Loan Documents as the Required Lenders may
reasonably request;

     (ix) a certificate of a Responsible Officer of each Loan Party either (A) attaching
copies of all consents, licenses and approvals required in connection with the execution,
delivery and performance by such Loan Party and the validity against such Loan Party of the
Loan Documents to which it is a party, and such consents, licenses and approvals shall be in
full force and effect, or (B) stating that no such consents, licenses or approvals are so
required;

     (x) a certificate signed by a Responsible Officer of the Company certifying (A) that
the conditions specified in Sections 4.02(a) and (b) have been satisfied,
and (B)

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that there has been no event or circumstance since the date of the Audited Financial
Statements that has had or could be reasonably expected to have, either individually or in
the aggregate, a Material Adverse Effect;

     (xi) a certificate attesting to the Solvency of the Company, individually, and the Loan
Parties, taken as a whole, on a consolidated basis, in each case before and after giving
effect to the initial Credit Extension, from the Company’s chief financial officer;

     (xii) evidence that all insurance required to be maintained pursuant to the Loan
Documents has been obtained and is in effect, together with the certificates of insurance
and corresponding endorsements, naming the Collateral Agent, on behalf of the Secured
Parties, as an additional insured or loss payee, as the case may be, under all insurance
policies maintained with respect to the assets and properties of the Loan Parties that
constitute Collateral;

     (xiii) evidence that the Term Loan Credit Agreement has been or concurrently with the
Closing Date is being amended on terms satisfactory to the Co-Administrative Agents, the
Lenders and the Borrowers;

     (xiv) evidence that the Existing Credit Agreement has been or concurrently with the
Closing Date is being terminated; and

     (xv) such other assurances, certificates, documents, consents or opinions as any
Co-Administrative Agent, the Administrator, the Collateral Agent, the L/C Issuer, the Swing
Line Lender or the Required Lenders reasonably may require.

     (b) Any fees required to be paid on or before the Closing Date shall have been paid.

     (c) The Company shall have paid all fees, charges and disbursements of counsel to each
Co-Administrative Agent, the Co-Lead Arrangers and the Syndication Agent (directly to such counsel
if requested by the Co-Administrative Agents, the Co-Lead Arrangers and the Syndication Agent) to
the extent invoiced prior to, or on, the Closing Date, plus such additional amounts of such fees,
charges and disbursements as shall constitute its reasonable estimate of such fees, charges and
disbursements incurred, or to be incurred, by it through the closing proceedings (provided
that such estimate shall not thereafter preclude a final settling of accounts between the Company
and the Co-Administrative Agents, the Co-Lead Arrangers and the Syndication Agent).

     (d) The Closing Date shall have occurred on or before September 30, 2009.

Without limiting the generality of the provisions of the last paragraph of Section 9.03,
for purposes of determining compliance with the conditions specified in this Section 4.01,
each Lender that has signed this Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to a Lender unless each Co-Administrative Agent
shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto.

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     4.02. Conditions to all Credit Extensions. The obligation of each Lender to honor any Request
for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Committed
Loans to the other Type, or a continuation of Eurocurrency Rate Loans) is subject to the following
conditions precedent:

     (a) The representations and warranties of (i) the Borrowers contained herein and (ii) each
Loan Party contained in each other Loan Document or in any document furnished at any time under or
in connection herewith or therewith, shall be true and correct in all material respects on and as
of the date of such Credit Extension (except to the extent that any representation and warranty is
already qualified by materiality, in which case, such representation and warranty shall be true and
correct as written as of such date), except to the extent that such representations and warranties
specifically refer to an earlier date, in which case they shall be true and correct in all material
respects as of such earlier date (except to the extent that any representation and warranty is
already qualified by materiality, in which case, such representation and warranty shall be true and
correct as written as of such earlier date), and except that for purposes of this Section
4.02, the representations and warranties contained in subsection (a) of Section 5.06
shall be deemed to refer to the most recent statements furnished pursuant to Section 6.01.

     (b) No Default shall exist, or would result from such proposed Credit Extension or the
application of the proceeds thereof.

     (c) The Administrator and, if applicable, the L/C Issuer or the Swing Line Lender shall have
received a Request for Credit Extension in accordance with the requirements hereof.

     (d) If the applicable Borrower is a Designated Borrower, then the conditions of Section
2.14 to the designation of such Borrower as a Designated Borrower shall have been met to the
satisfaction of each Co-Administrative Agent.

     (e) In the case of a Credit Extension to be denominated in an Alternative Currency, there
shall not have occurred any change in national or international financial, political or economic
conditions or currency exchange rates or exchange controls which in the reasonable opinion of each
Co-Administrative Agent, the Required Lenders (in the case of any Loans to be denominated in an
Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in
an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in
the relevant Alternative Currency.

Each Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion
of Committed Loans to the other Type or a continuation of Eurocurrency Rate Loans) submitted by the
Company shall be deemed to be a representation and warranty that the conditions specified in
Sections 4.02(a) and (b) have been satisfied on and as of the date of the
applicable Credit Extension.

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ARTICLE V.

REPRESENTATIONS AND WARRANTIES

     Each Borrower represents and warrants to each of the Co-Administrative Agents and the Lenders
that:

     5.01. Due Organization; Good Standing; Qualification. The Company and each of its
Subsidiaries are duly organized, validly existing and, as applicable, in good standing under the
Laws of their respective jurisdictions of incorporation, except where a Subsidiary’s failure to be
in good standing would not have a Material Adverse Effect. Each of the Company and its
Subsidiaries has all requisite corporate power, authority, licenses, consents, approvals and the
like required (a) to own and operate its respective properties (except where the failure to do so
would not have a Material Adverse Effect), (b) to carry on its respective business as presently
conducted and (c) to execute, deliver and perform its obligations under the Loan Documents to which
it is a party, and each is duly qualified to do business and is in good standing as a foreign
corporation in each jurisdiction wherein the character of the properties owned or leased by it
therein or in which the transaction of its respective business therein makes such qualification
necessary except where failure to comply with any of the foregoing would not have a Material
Adverse Effect.

     5.02. Due Authorization; No Conflicts. The execution, delivery and performance by each
Borrower of this Agreement, the Notes and each other Loan Document executed or to be executed by
it, and the execution, delivery and performance by each other Loan Party of each Domestic
Subsidiary Guarantee, and each other Loan Document executed or to be executed by it, and each
Borrower’s authority to make the borrowings and obtain the other Credit Extensions contemplated
thereby, have been duly authorized by all necessary corporate or other action on the part of the
Company and each such other Loan Party. Such execution, delivery, and performance by the Company
and each such other Loan Party, and the making by each Borrower of the borrowings and the obtaining
of the other Credit Extensions contemplated hereby, do not and will not (a) contravene any
provision of such Loan Party’s Organization Documents, (b) conflict with or result in a breach of
the terms, conditions or provisions of, or constitute a default under or result in the creation of
any Lien upon any of the property of such Loan Party, under any agreement, trust, deed, indenture,
mortgage or other instrument to which such Loan Party is a party or by which such Loan Party or any
of their respective properties is bound or affected, (c) require any waiver, consent or approval by
any creditors, shareholders, or public authority, or (d) violate any Law.

     5.03. Binding Agreements. This Agreement has been, and each Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Loan Party that is a party thereto.
This Agreement constitutes, the Notes and each other Loan Document, when issued and delivered
pursuant hereto for value received shall constitute, the legal, valid and binding obligations of
each of the Loan Parties that is a party thereto, enforceable in accordance with their respective
terms, except as enforcement may be limited by principles of equity, bankruptcy, insolvency, or
other laws affecting the enforcement of creditors’ rights generally; and each Domestic Subsidiary
Guarantee, and each other Loan Document executed pursuant hereto by each other Loan Party shall, on
the due execution and delivery thereof by such Loan Party, constitute the legal, valid and binding
obligation of such Loan Party enforceable in

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accordance with its terms, except as enforcement may be limited by principles of equity,
bankruptcy, insolvency, or other laws affecting the enforcement of creditors’ rights generally.

     5.04. Subsidiaries; Maintenance of Domestic Subsidiary Guarantee.

     (a) All of the issued and outstanding shares of capital stock of each Subsidiary of the
Company which is owned by the Company or a Subsidiary of the Company is specifically disclosed in
Part (a) of Schedule 5.04, has been validly issued and is fully paid and non assessable and
is free and clear of any Lien except those created under the Collateral Documents. No rights to
subscribe for additional shares of stock of any Subsidiary have been granted. The Company has no
equity investments in any other corporation or entity other than those specifically disclosed in
Part (b) of Schedule 5.04.

     (b) As of the Closing Date, each Co-Administrative Agent and the Lenders have the full credit
support of the Domestic Subsidiary Guarantors pursuant to the Domestic Subsidiary Guarantees
(guaranteeing in full the payment of all Obligations pursuant to the Domestic Subsidiary
Guarantees).

     5.05. No Default. No Default or Event of Default is continuing.

     5.06. Financial Statements. The Company has furnished to each of the Lenders: (a) the
Audited Financial Statements certified by KPMG LLP, certified public accountants, and (b) the
unaudited consolidated balance sheets of the Company and its Subsidiaries as of July 3, 2009 and
the related consolidated statements of income, cash flows and shareholders’ equity for the six
months ended as of such date, in each case certified by the president or principal financial
officer of the Company. Such balance sheets and statements have been prepared in conformity with
GAAP applied on a consistent basis throughout the periods specified and present fairly the
financial condition and results of operations of the Company and its Subsidiaries as at the dates
and for the periods indicated. The balance sheets referred to in this Section 5.06(a) and
the notes thereto disclose all material liabilities, direct or contingent, known to the Company and
its Subsidiaries as of the dates thereof.

     5.07. No Material Adverse Changes. Since December 31, 2008, there has been no change in the
business, assets, operations, prospects, liabilities or condition, financial or otherwise, of the
Company and its Subsidiaries, taken as a whole, other than changes the effect of which have not had
a Material Adverse Effect.

     5.08. No Material Litigation. No action, suit, investigation or proceeding is pending or
known to be threatened by or against or affecting the Company or any of its Subsidiaries or any of
their respective properties or rights before any Governmental Authority (a) which involves this
Agreement, the Notes or any other Loan Document or (b) as to which there is a reasonable
possibility of an adverse determination and which, if adversely determined, could, individually or
in the aggregate, result in a Material Adverse Effect.

     5.09. Environmental Compliance. To the best of each Borrower’s knowledge and belief, the
Company and each of its Subsidiaries is in substantial compliance with all material provisions of
applicable Environmental Laws and all judgments, orders and decrees relating

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thereto and binding upon the Company or any of its Subsidiaries, except where failure to be in
compliance would not have a Material Adverse Effect.

     5.10. Liens. The aggregate principal amount of Indebtedness for borrowed money of the Company
and its Subsidiaries (other than Indebtedness in respect of the Obligations hereunder and the
obligations under the Term Loan Credit Agreement), on a consolidated basis, which is secured by
Liens on assets of the Company or any of its Subsidiaries, does not exceed the greater of
$20,000,000 and 10% of Consolidated Net Worth at such time; and the Indebtedness secured by such
Liens is permitted pursuant to Section 7.02.

     5.11. ERISA Compliance.

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under
Section 401(a) of the Code has received a favorable determination letter from the IRS or an
application for such a letter is currently being processed by the IRS with respect thereto and, to
the best knowledge of the Company or any Borrower, nothing has occurred which would prevent, or
cause the loss of, such qualification. The Company and each Borrower and ERISA Affiliate have made
all required contributions to each Plan subject to the Pension Funding Rules, and no application
for a funding waiver or an extension of any amortization period pursuant to the Pension Funding
Rules has been made with respect to any Plan.

     (b) There are no pending or, to the best knowledge of the Company or any Borrower, threatened
claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that
could reasonably be expected to have a Material Adverse Effect. There has been no prohibited
transaction under ERISA or the Code or violation of the fiduciary responsibility rules set forth in
Part 4 of Title I of ERISA with respect to any Plan that has resulted or could reasonably be
expected to result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability in an amount that would result in a Material Adverse Effect;
(iii) neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not
delinquent under Section 4007 of ERISA); (iv) neither the Company nor any ERISA Affiliate has
incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the
giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or
4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Company nor any ERISA
Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

     (d) With respect to each scheme or arrangement mandated by a government other than the United
States (a “Foreign Government Scheme or Arrangement”) and with respect to each employee
benefit plan maintained or contributed to by any Loan Party or any Subsidiary of any Loan Party
that is not subject to United States law (a “Foreign Plan”):

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     (i) any employer and employee contributions required by law or by the terms of any
Foreign Government Scheme or Arrangement or any Foreign Plan have been made, or, if
applicable, accrued, in accordance with normal accounting practices;

     (ii) the fair market value of the assets of each funded Foreign Plan, together with the
liability of each insurer for any Foreign Plan funded through insurance or the book reserve
established for any Foreign Plan, and any accrued contributions, is sufficient to procure or
provide for the accrued benefit obligations, as of the date hereof, with respect to all
current and former participants in such Foreign Plan according to the actuarial assumptions
and valuations most recently used to account for such obligations in accordance with
applicable generally accepted accounting principles; and

     (iii) each Foreign Plan required to be registered has been registered and has been
maintained in good standing with applicable regulatory authorities.

     5.12. Ownership of Properties.

     (a) The Company and each of its Subsidiaries owns good and marketable title to all of its
properties and assets, real and personal (except where the failure to so own such properties or
assets, or have such title, would not have a Material Adverse Effect),

     (b) Schedule 5.12(b) sets forth a complete and accurate list of all Liens (other than
the Liens otherwise permitted by Section 7.01) on the property or assets of each Loan Party
and each of its Subsidiaries, showing as of the date hereof the lienholder thereof, the principal
amount of the obligations secured thereby and the property or assets of such Loan Party or such
Subsidiary subject thereto. The property of each Loan Party and each of its Subsidiaries is
subject to no Liens, other than Liens set forth on Schedule 5.12(b), and as otherwise
permitted by Section 7.01.

     (c) Schedule 5.12(c) sets forth a complete and accurate list of all Investments held
by any Loan Party or any Subsidiary of a Loan Party on the date hereof, showing as of the date
hereof the amount, obligor or issuer and maturity, if any, thereof.

     5.13. Taxes. Except for Taxes the payment of which is being diligently contested in good
faith after the establishment of any reserves required by GAAP, consistently applied, the Company
and each of its Subsidiaries has filed all tax returns and reports required by Law to have been
filed by it and has paid or caused to be paid all Taxes, assessments and governmental charges of
every kind thereby shown to be owing which would, in the aggregate, if not paid, be material as to
the Company and its Subsidiaries when taken as a whole or be reportable under the Securities
Exchange Act or required under FASB Standards to be disclosed on the Company’s consolidated audited
financial statements.

     5.14. Regulations U and X. Neither the Company nor any of its Subsidiaries is engaged in the
business of extending credit for the purpose of purchasing or carrying margin stock, and no
proceeds of any Loans or Advances, nor any Letters of Credit, will be used for a purpose which
violates, or would be inconsistent with, F.R.S. Board Regulation U or X. Terms for which meanings
are provided in F.R.S. Board Regulation U or X or any regulations substituted therefor, as from
time to time in effect, are used in this Section with such meanings.

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     5.15. Investment Company Act. Neither the Company nor any of its Subsidiaries is an
“investment company” within the meaning of the Investment Company Act of 1940, as amended.

     5.16. Accuracy of Information. The Company has disclosed to the Co-Administrative Agents and
the Lenders all agreements, instruments and corporate or other restrictions to which it or any of
its Subsidiaries is subject, and all other matters known to it, that, individually or in the
aggregate could reasonably be expected to result in a Material Adverse Effect. All factual
information heretofore or contemporaneously furnished by or on behalf of the Company or any other
Loan Party in writing to the Administrator, the Collateral Agent, any Co-Administrative Agent, any
Lender or the L/C Issuer for purposes of or in connection with this Agreement or any other Loan
Document or any transaction contemplated hereby or thereby is, and all other such factual
information hereafter furnished by or on behalf of the Company or any other Loan Party to the
Administrator, the Collateral Agent, any Co-Administrative Agent, any Lender or the L/C Issuer will
be, true and correct in every material respect on the date as of which such information is dated or
certified and as of the date of execution and delivery of this Agreement by the Company, the
Administrator, the Collateral Agent, the Co-Administrative Agents, and the Lenders, and such
information is not, or shall not be, as the case may be, incomplete by omitting to state any
material fact necessary to make such information not misleading in light of the circumstances under
which such information is furnished and, in the case of projections, on the basis of reasonable
assumptions made in good faith as disclosed in the Loan Documents.

     5.17. Use of Proceeds. The Company shall use the proceeds of the Loans in accordance with
Section 6.12.

     5.18. Compliance with Laws. The Company and each of its Subsidiaries is in compliance in all
material respects with the requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its properties, except in such instances in which (a) such requirement of
Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted or (b) the failure to comply therewith, either individually or in
the aggregate, could not reasonably be expected to have a Material Adverse Effect.

     5.19. Representations as to Foreign Subsidiaries. The Company and each Designated Borrower
that is a Foreign Subsidiary represents and warrants to each Co-Administrative Agent and the
Lenders that:

     (a) Such Foreign Subsidiary is subject to civil and commercial Laws with respect to its
obligations under this Agreement and the other Loan Documents to which it is a party (collectively
as to such Foreign Subsidiary, the “Applicable Foreign Subsidiary Documents”), and the
execution, delivery and performance by such Foreign Subsidiary of the Applicable Foreign Subsidiary
Documents constitute and will constitute private and commercial acts and not public or governmental
acts. Neither such Foreign Subsidiary nor any of its property has any immunity from jurisdiction
of any court or from any legal process (whether through service or notice, attachment prior to
judgment, attachment in aid of execution, execution or otherwise) under the laws of the
jurisdiction in which such Foreign Subsidiary is organized and existing in respect of its
obligations under the Applicable Foreign Subsidiary Documents.

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     (b) The Applicable Foreign Subsidiary Documents are in proper legal form under the Laws of the
jurisdiction in which such Foreign Subsidiary is organized and existing for the enforcement thereof
against such Foreign Subsidiary under the Laws of such jurisdiction, and to ensure the legality,
validity, enforceability, priority or admissibility in evidence of the Applicable Foreign
Subsidiary Documents. It is not necessary to ensure the legality, validity, enforceability,
priority or admissibility in evidence of the Applicable Foreign Subsidiary Documents that the
Applicable Foreign Subsidiary Documents be filed, registered or recorded with, or executed or
notarized before, any court or other authority in the jurisdiction in which such Foreign Subsidiary
is organized and existing or that any registration charge or stamp or similar tax be paid on or in
respect of the Applicable Foreign Subsidiary Documents or any other document, except for (i) any
such filing, registration, recording, execution or notarization as has been made or is not required
to be made until the Applicable Foreign Subsidiary Document or any other document is sought to be
enforced and (ii) any charge or tax as has been timely paid.

     (c) There is no tax, levy, impost, duty, fee, assessment or other governmental charge, or any
deduction or withholding, imposed by any Governmental Authority in or of the jurisdiction in which
such Foreign Subsidiary is organized and existing either (i) on or by virtue of the execution or
delivery of the Applicable Foreign Subsidiary Documents or (ii) on any payment to be made by such
Foreign Subsidiary pursuant to the Applicable Foreign Subsidiary Documents, except as has been
disclosed to each Co-Administrative Agent.

     (d) The execution, delivery and performance of the Applicable Foreign Subsidiary Documents
executed by such Foreign Subsidiary are, under applicable foreign exchange control regulations of
the jurisdiction in which such Foreign Subsidiary is organized and existing, not subject to any
notification or authorization except (i) such as have been made or obtained or (ii) such as cannot
be made or obtained until a later date (provided that any notification or authorization
described in clause (ii) shall be made or obtained as soon as is reasonably practicable).

     5.20. Governmental Authorization; Other Consents. No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any
other Person is necessary or required in connection with (a) the execution, delivery or performance
by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, (b) the
grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the
perfection or maintenance of the Liens created under the Collateral Documents (including the first
priority nature thereof) or (d) the exercise by the Collateral Agent, any Co-Administrative Agent
or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral
pursuant to the Collateral Documents.

     5.21. Insurance. The properties of the Company and its Subsidiaries are insured with
financially sound and reputable insurance companies and otherwise in accordance with the
requirements of Section 6.03.

     5.22. Intellectual Property; Licenses, Etc. The Company and each of its Subsidiaries own, or
possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents,
patent rights, franchises, licenses and other intellectual property rights (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses,
without

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conflict with the rights of any other Person, and Schedule 5.22 sets forth a complete
and accurate list of all such federally registered IP Rights owned or used by the Company and each
of its Subsidiaries. To the best knowledge of the Company, no slogan or other advertising device,
product, process, method, substance, part or other material now employed, or now contemplated to be
employed, by the Company or any of its Subsidiaries infringes upon any rights held by any other
Person. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge
of the Company, threatened, which, either individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect.

     5.23. Solvency. The Company is, individually, and the Loan Parties are, taken as a whole, on
a consolidated basis, Solvent.

     5.24. Collateral Documents. The provisions of the Collateral Documents are effective to
create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and
enforceable first priority Lien (subject to Liens permitted by Section 7.01) on all right,
title and interest of the respective Loan Parties in the Collateral described therein. Except for
filings completed prior to the Closing Date and as contemplated hereby and by the Collateral
Documents, no filing or other action will be necessary to perfect or protect such Liens.

ARTICLE VI.

AFFIRMATIVE COVENANTS

     The Company covenants and agrees with each of the Co-Administrative Agents, the L/C Issuer and
each of the Lenders that, so long as any Commitments remain in effect and until such later date as
all the Obligations are paid in full in cash, unless the Required Lenders otherwise consent in
writing, the Company shall and shall cause each of its Subsidiaries to:

     6.01. Financial Statements. Deliver to each of the Co-Administrative Agents and each of the
Lenders and the L/C Issuer (a) within (i) sixty (60) days after the close of each of the first
three quarters of each fiscal year of the Company and (ii) within one hundred twenty (120) days
after the close of each fiscal year of the Company, the consolidated balance sheets of the Company
and its Subsidiaries as of the close of each such period and consolidated statements of income,
cash flows and shareholders’ equity for such period, prepared in conformity with GAAP, applied on a
basis consistent with that of the preceding period or containing disclosure of the effect on
financial position or results of operations of any change in the application of GAAP during the
period, and certified by the president or a principal financial officer of the Company as accurate,
true and correct in all material respects; (b) together with each such balance sheet referred to in
clause (a)(i) and (ii) above, a Compliance Certificate substantially in the form of Exhibit
D attached hereto (which Compliance Certificate shall contain written calculations by the
Company in reasonable detail concerning compliance or non-compliance, as the case may be, by the
Company with the financial covenants referred to herein); (c) together with the annual consolidated
financial statements required to be delivered pursuant to clause (a)(ii) above for each
fiscal year, a report containing an unqualified opinion of KPMG LLP or a comparable nationally
recognized certified public accounting firm, which opinion shall state that such financial
statements fairly present the financial condition and results of operations of the Company and its
Subsidiaries in accordance with GAAP; (d) promptly upon the written request of either of the
Co-Administrative Agents, such other information about the business, financial,

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legal or corporate affairs of the Company and its Subsidiaries, and any endorser or guarantor
(if any), as either of the Co-Administrative Agents may, from time to time, reasonably request or
in compliance with the terms of the Loan Documents; and (e) promptly after becoming available,
copies of all financial statements, reports, notices and proxy statements sent by the Company to
stockholders, and of all regular and periodic reports filed by the Company with any securities
exchange or with the SEC or any governmental agency successor to any or all of the functions of the
SEC, and of all press releases issued by the Company.

As to any information contained in materials furnished pursuant to Section 6.02, the
Company shall not be separately required to furnish such information under Section
6.01(a)(i) above, but the foregoing shall not be in derogation of the obligation of the Company
to furnish the information and materials described in Sections 6.01(a)(ii) above at the
times specified therein.

     6.02. Securities Regulation Compliance Reports. Promptly deliver to each of the
Co-Administrative Agents and each of the Lenders and the L/C Issuer a copy of: (a) all filings
including financial statements and reports filed therewith and amendments thereto made by the
Company with the SEC pursuant to the Securities Act, the Securities Exchange Act, and the rules and
regulations promulgated under either of them; (b) all filings, financial statements and reports
filed therewith and amendments thereto made by the Company with each securities exchange on which
the securities of the Company are listed, if any, pursuant to the rules and regulations of each
such exchange; and (c) all written communications, financial statements, reports, notices and proxy
statements sent to any class of holders of securities of the Company.

     Documents required to be delivered pursuant to Section 6.01 or Section 6.02(a)
and (c) (to the extent any such documents are included in materials otherwise filed with
the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which the Company posts such documents, or provides a link thereto on
the Company’s website on the Internet at the website address listed on Schedule 10.02; or
(ii) on which such documents are posted on the Company’s behalf on an Internet or intranet website,
if any, to which each Lender and each Co-Administrative Agent have access (whether a commercial,
third-party website or whether sponsored by any Co-Administrative Agent); provided that the
Company shall notify each Co-Administrative Agent and each Lender (by telecopier or electronic
mail) of the posting of any such documents and provide to each Co-Administrative Agent by
electronic mail electronic versions (i.e., soft copies) of such documents. No
Co-Administrative Agent shall have any obligation to request the delivery or to maintain copies of
the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Company with any such request for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such documents.

     Each Borrower hereby acknowledges that (a) each Co-Administrative Agent and/or each Co-Lead
Arranger will make available to the Lenders and the L/C Issuer materials and/or information
provided by or on behalf of such Borrower hereunder (collectively, “Borrower Materials”) by
posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have
personnel who do not wish to receive material non-public information with respect to any of the
Borrowers or their respective Affiliates, or the respective securities of any of the foregoing, and
who may be engaged in investment and other market-related activities with respect to such Persons’

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securities. Each Borrower hereby agrees that it will use commercially reasonable efforts to
identify that portion of the Borrower Materials that may be distributed to the Public Lenders and
that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a
minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x)
by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the
Co-Administrative Agents, the Administrator, the Co-Lead Arrangers, the L/C Issuer and the Lenders
to treat such Borrower Materials as not containing any material non-public information (although it
may be sensitive and proprietary) with respect to the Borrowers or their respective securities for
purposes of United States Federal and state securities laws (provided, however,
that to the extent such Borrower Materials constitute Information, they shall be treated as set
forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be
made available through a portion of the Platform designated “Public Side Information;” and (z) the
Co-Administrative Agents, the Administrator and the Co-Lead Arrangers shall be entitled to treat
any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion
of the Platform not designated “Public Side Information.” Notwithstanding the foregoing, no
Borrower shall be under any obligation to mark any Borrower Materials “PUBLIC.”

     6.03. Insurance. (a) Keep its properties insured against fire and other hazards (so-called
“All Risk” coverage) in amounts and with companies satisfactory to each Co-Administrative Agent to
the same extent and covering such risks as are customary and reasonably available in the same or a
similar business; (b) maintain general liability coverage against claims for bodily injuries or
death; and (c) maintain all workers’ compensation, employment or similar insurance as may be
required by applicable Law. Alternatively, the Company may self-insure in such amounts and in such
manner as may be appropriate in the Company’s industry and in the Company’s reasonable business
judgment. The Company, upon the request of the Collateral Agent, agrees to deliver certificates
evidencing all of the aforesaid insurance policies to the Collateral Agent, which shall provide for
not less than 30 days’ prior notice to the Collateral Agent of termination, lapse or cancellation
of such insurance.

     6.04. Conduct of Business. Do or cause to be done all things necessary to (a) preserve and
keep in full force and effect its legal existence under the laws of its jurisdiction of
incorporation; (b) obtain, preserve, renew, extend and keep in full force and effect all rights,
licenses, permits, franchises, authorizations, patents, copyrights, trademarks and trade names
material to the conduct of its business; (c) comply in all material respects with all Requirements
of Law; (d) comply with all of its Organization Documents; (e) maintain its qualification to do
business in each jurisdiction in which the conduct of business requires such qualification; and (f)
maintain and preserve all property material to the conduct of its business and keep such property
in good repair, working order and condition from time to time, and make, or cause to be made, all
needful and proper repairs, renewals, additions, improvements and replacements thereto necessary in
order that the business carried on in connection therewith may properly be conducted at all times,
except, in each case, (i) where the failure to do so would not have a Material Adverse Effect, (ii)
that the Company may liquidate or dissolve Subsidiaries from time to time as the Company in the
proper exercise of its judgment may determine, so long as any such liquidation or dissolution shall
not (x) either individually or in the aggregate, have a Material Adverse Effect or (y) be of a
Domestic Subsidiary Guarantor, unless such liquidation or dissolution is by merger into another
Subsidiary which has executed and delivered a Domestic

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Subsidiary Guarantee, or results in the replacement of one Domestic Subsidiary Guarantee with
a new Domestic Subsidiary Guarantee, and after giving effect thereto there shall be no Default or
Event of Default hereunder (including in respect of Section 5.04(b) and Section
6.07) and (iii) the Company may liquidate or sell such other assets as it may deem advisable,
in the proper exercise of its judgment, so long as such sale or liquidation is in compliance with
Section 7.06 and, after giving effect thereto, the Company is in compliance with
Section 6.07 and the representation and warranty set forth in Section 5.04(b) shall
be true and correct.

     6.05. Records and Accounts. Maintain true records and books of account, complete and correct
in all material respects and in accordance with GAAP, and maintain adequate accounts and reserves
for all Taxes (including income Taxes), all depreciation, depletion, obsolescence and amortization
of its properties, all other contingencies, and all other proper reserves.

     6.06. Inspection. Permit any officer or employee designated by any Co-Administrative Agent or
any Lender or L/C Issuer to visit and inspect any of its properties and to examine its books and
discuss the affairs, finances and accounts of the Company or any of its Subsidiaries with its
officers, all at such reasonable times, upon reasonable notice, in a reasonable manner and as often
as any Co-Administrative Agent or any Lender or the L/C Issuer may reasonably request;
provided, however, that when an Event of Default exists each Co-Administrative
Agent or any Lender (or any of their respective representatives or independent contractors) may do
any of the foregoing at the expense of the Company at any time during normal business hours and
without advance notice; provided, further, however, that any such visit,
inspection or examination, whether during the existence of an Event of Default or otherwise shall
be subject to compliance with all applicable security regulations and requirements of any
Governmental Authority and the Company’s reasonable policies and practices applicable to
safeguarding its trade secrets and proprietary products and practices. The Company agrees with
each of the Co-Administrative Agents and the Lenders and the L/C Issuer that such policies and
practices may restrict access by each Co-Administrative Agent and the Lenders and each L/C Issuer
to certain areas of certain facilities of the Company or its Subsidiaries, but that such policies
and practices shall not restrict in any material respect access by each Co-Administrative Agent and
the Lenders and the L/C Issuer to personnel of the Company and its Subsidiaries.

     6.07. Domestic Subsidiary Guarantees. The Company shall cause each Co-Administrative Agent
and the Lenders and the L/C Issuer to have at all times the full credit support of the Domestic
Subsidiaries pursuant to the Domestic Subsidiary Guarantees (guaranteeing in full the payment of
all Obligations).

     6.08. Further Assurances. Cooperate with each of the Co-Administrative Agents and each Lender
and the L/C Issuer and take such action and execute such further instruments and documents as
either of the Co-Administrative Agents shall reasonably request to effect the purposes of this
Agreement, the Notes and the other Loan Documents.

     6.09. Payment of Obligations. Pay and discharge as the same shall become due and payable, all
its obligations and liabilities, including (a) all tax liabilities, assessments and governmental
charges or levies upon it or its properties or assets; (b) all lawful claims which, if unpaid,
would by law become a Lien upon its property; and (c) all Indebtedness, as and when

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due and payable, but subject to any subordination provisions contained in any instrument or
agreement evidencing such Indebtedness, in each case, unless the same are being contested in good
faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP
are being maintained by the Company or such Subsidiary.

     6.10. Compliance with Laws. Comply in all material respects with the requirements of all Laws
and all orders, writs, injunctions and decrees applicable to it or to its business or property,
except in such instances in which (a) such requirement of Law or order, writ, injunction or decree
is being contested in good faith by appropriate proceedings diligently conducted; or (b) the
failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

     6.11. Notices. Promptly deliver notice in writing to each Co-Administrative Agent and each
Lender:

     (a) upon becoming aware of any Default or Event of Default;

     (b) upon becoming aware of any development that is likely to result in an Event of Default;

     (c) of any matter that has resulted or could reasonably be expected to result in a Material
Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual
Obligation of the Borrower or any Subsidiary; (ii) any dispute, litigation, investigation,
proceeding or suspension between the Borrower or any Subsidiary and any Governmental Authority; or
(iii) the commencement of, or any material development in, any litigation or proceeding affecting
the Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws;

     (d) of the occurrence of any ERISA Event;

     (e) of any material change in accounting policies or financial reporting practices by the
Borrower or any Subsidiary, including any determination by the Company referred to in Section
2.10(b); and

     (f) of the (i) occurrence of any disposition of property or assets for which the Borrower is
required to make a mandatory prepayment pursuant to Section 2.05(b) or (ii) occurrence of
any sale of capital stock or other Equity Interests.

Each notice pursuant to this Section 6.11 shall be accompanied by a statement of a
Responsible Officer of the Company setting forth details of the occurrence referred to therein and
stating what action the Company has taken and proposes to take with respect thereto. Each notice
pursuant to Section 6.11(a) shall describe with particularity any and all provisions of
this Agreement and any other Loan Document that have been breached.

     6.12. Use of Proceeds. Use the proceeds of the Credit Extensions for working capital, Capital
Expenditures, refinancing the Existing Credit Agreement and other general corporate purposes
(including, without limitation, acquisitions permitted hereunder) not in contravention of any Law
or of any Loan Document.

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     6.13. Covenant to Guarantee Obligations and Give Security.

     (a) Upon the formation or acquisition of any new direct or indirect Subsidiary (and with
respect to any CFC or a Subsidiary that is held directly or indirectly by a CFC, subject to
Section 2.16) by any Loan Party, then the Company shall, at the Company’s expense, within
45 days after such formation or acquisition, cause such Subsidiary, and cause each direct and
indirect parent of such Subsidiary (if it has not already done so), to (i) duly execute and deliver
to each Co-Administrative Agent (A) a Domestic Subsidiary Guarantee or guaranty supplement, in form
and substance satisfactory to each Co-Administrative Agent, guaranteeing the other Loan Parties’
obligations under the Loan Documents, and (B) supplements to the Collateral Documents, as
applicable, in form and substance satisfactory to each Co-Administrative Agent (including delivery
of all Pledged Stock Collateral and Pledged Debt in and of such Subsidiary, and other instruments
of the type specified in Section 4.01(a)(iii), securing payment of all the Obligations of
such Subsidiary or such parent, as the case may be, under the Loan Documents and constituting Liens
on all such properties, (ii) take whatever action (including the filing of Uniform Commercial Code
financing statements and the giving of notices) may be necessary or advisable in the opinion of the
Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent
designated by it) valid and subsisting Liens on the properties purported to be subject to the
Collateral Documents delivered pursuant to this Section 6.13, enforceable against all third
parties in accordance with their terms, and (iii) deliver to each Co-Administrative Agent, upon the
request of each Co-Administrative Agent in its sole discretion, a signed copy of a favorable
opinion, addressed to each Co-Administrative Agent and the other Secured Parties, of counsel for
the Loan Parties acceptable to each Co-Administrative Agent as to the matters contained in clauses
(i) and (ii) above, and as to such other matters as each Co-Administrative Agent may reasonably
request.

     (b) Subject to Section 2.16, at any time that the revenues generated and/or assets
owned by any Foreign Subsidiary, or group of Foreign Subsidiaries organized in any single foreign
jurisdiction, for the fiscal year most recently ended equal more than 10% of the consolidated
aggregate revenues of the Company and its Subsidiaries and/or 10% of the consolidated assets of the
Company and its Subsidiaries for such period, the Company shall, to the extent the following
requirements have not previously been satisfied, (x) cause 66% of the Equity Interests of such
Foreign Subsidiary or Foreign Subsidiaries to be pledged pursuant to a pledge agreement governed
under the local law applicable to such Foreign Subsidiary or Foreign Subsidiaries, which pledge
agreement shall be in form and substance satisfactory to each Co-Administrative Agent and the
Collateral Agent, (y) take whatever action (including the giving of notices) may be necessary or
advisable in the opinion of the Collateral Agent to vest in the Collateral Agent (or in any
representative of the Collateral Agent designated by it) valid and subsisting Liens on the
properties purported to be subject to the pledge agreement delivered pursuant to this Section
6.13, enforceable against all third parties in accordance with their terms, and (z) deliver to
each Co-Administrative Agent, upon the request of each Co-Administrative Agent in its sole
discretion, a signed copy of a favorable opinion, addressed to each Co-Administrative Agent and the
other Secured Parties, of counsel for the Loan Parties acceptable to each Co-Administrative Agent
as to the matters contained in clause (x) and (y) above, and as to such other matters as each
Co-Administrative Agent may reasonably request.

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     (c) At any time upon request of any Co-Administrative Agent or the Collateral Agent, promptly
execute and deliver any and all further instruments and documents and take all such other action as
such Co-Administrative Agent or the Collateral Agent may deem necessary or desirable in obtaining
the full benefits of, or (as applicable) in perfecting and preserving the Liens of, such guaranties
and supplements to the Collateral Documents.

     6.14. Compliance with Environmental Laws. Comply, and cause all lessees and other Persons
operating or occupying its properties to comply, in all material respects, with all applicable
Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary
for its operations and properties; and conduct any investigation, study, sampling and testing, and
undertake any cleanup, removal, remedial or other action necessary to remove and clean up all
Hazardous Materials from any of its properties, in accordance with the requirements of all
Environmental Laws; provided, however, that neither the Borrower nor any of its
Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to
the extent that its obligation to do so is being contested in good faith and by proper proceedings
and appropriate reserves are being maintained with respect to such circumstances in accordance with
GAAP.

     6.15. Approvals and Authorizations. Maintain all authorizations, consents, approvals and
licenses from, exemptions of, and filings and registrations with, each Governmental Authority of
the jurisdiction in which each Foreign Loan Party is organized and existing, and all approvals and
consents of each other Person in such jurisdiction, in each case that are required in connection
with the Loan Documents.

ARTICLE VII.

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the
Company shall not, nor shall it permit any Subsidiary to, directly or indirectly:

     7.01. Liens. Incur or permit to exist any Lien against any of its property or assets, whether
now owned or hereafter acquired, except:

     (a) any judgment Lien for the payment of money not constituting an Event of Default under
Section 8.01(l);

     (b) easements, rights-of-way, zoning and similar restrictions, encumbrances or title defects
(but specifically excluding mortgages and any other Liens securing Indebtedness) which, in the
aggregate, do not materially detract from the value of the properties of, and do not materially and
adversely interfere with the ordinary conduct of the business of the applicable Person;

     (c) Liens incurred in the ordinary course of business (such as liens on inventory granted in
connection with the Company’s securing of the Company’s repayment of reimbursement obligations
under banker’s acceptances or commercial letters of credit but which Liens cover solely the
inventory which is the subject of such banker’s acceptance or commercial letters of credit) which
are not material (individually or in the aggregate) to the Company and its

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Subsidiaries when taken as a whole and do not secure Indebtedness for borrowed money (other
than reimbursement obligations under banker’s acceptances or commercial letters of credit described
in the foregoing parenthetical);

     (d) Liens on assets which secure previously existing Indebtedness of corporations or business
entities acquired by the Company or a Subsidiary, whether by purchase of assets and assumption of
liabilities or by purchase of Equity Interests, merger or consolidation, so long as (i) such
acquisition is otherwise permitted by the terms of this Agreement, (ii) the Company is in
compliance with all of its covenants herein after the completion of such acquisition, (iii) such
Liens were not incurred in contemplation of such acquisition and as a result of such acquisition,
and do not extend to any of the Company’s or any Subsidiary’s assets owned before such acquisition
and (iv) the Indebtedness secured by such Liens is permitted pursuant to Section 7.02;
provided, that not later than 90 days after any such acquisition the Company shall
extinguish, or cause to be extinguished, such Liens unless those Liens are otherwise permitted
under the terms of any of the other clauses of this Section 7.01;

     (e) Liens existing on the date hereof and listed on Schedule 5.12(b) and any renewals
or extensions thereof, provided that (i) the property covered thereby is not changed, (ii)
the amount secured or benefited thereby is not increased, (iii) the direct or any contingent
obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations
secured or benefited thereby is permitted by Section 7.02;

     (f) carriers’, landlords’, 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 or which are being contested in good faith and by appropriate proceedings diligently
conducted, if adequate reserves with respect thereto are maintained on the books of the applicable
Person;

     (g) any other Liens at any time on assets other than the Collateral owned by the Company or
any of its Subsidiaries; provided that the aggregate amount of Indebtedness secured by such
Liens shall not exceed the greater of $20,000,000 and 10% of Consolidated Net Worth at such time;
and provided, further, that the Indebtedness secured by such Liens shall be
permitted pursuant to Section 7.02; and

     (h) Liens pursuant to any Loan Document or any Term Loan Document.

No Indebtedness or Liens which might be permitted in connection with the transactions described in
clauses (d) and (g) above shall be permitted if, after giving effect to the
incurrence of such Indebtedness or Liens, a violation of the financial covenants contained in this
Article VII would or shall exist.

     7.02. Limitation on Indebtedness. Create, incur or permit to exist or remain outstanding any
Indebtedness except:

     (a) Indebtedness under and in respect of the Loan Documents and the Term Loan Documents; or

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     (b) Indebtedness, the incurrence of which would not cause the Company to be in violation of
the financial covenants set forth below on a pro forma basis after giving effect thereto;

provided that, in the case of Indebtedness of Subsidiaries which are not Domestic
Subsidiary Guarantors, such Indebtedness (including intercompany loans) shall not exceed,
individually or in the aggregate, $20,000,000 at any time; provided further that,
notwithstanding the foregoing, intercompany Indebtedness with respect to the Brookhouse Investments
shall be permitted.

     7.03. Contingent Liabilities. Assume, guarantee, endorse or otherwise become liable upon the
obligations of any Person or enter into any other agreement having substantially the same effect as
a Guarantee, except for:

     (a) the endorsement of negotiable instruments for deposit or collection or other transactions
in the ordinary course of business which are not material to the Company and its Subsidiaries when
taken as a whole; or

     (b) obligations incurred by the Company or a Subsidiary to a third party which do not
constitute Indebtedness;

provided, that (i) each Subsidiary may guarantee the Obligations of the Company and each
other Loan Party hereunder and under each other Loan Document pursuant to a Domestic Subsidiary
Guarantee, (ii) each Subsidiary may guarantee the Obligations (as defined in the Term Loan Credit
Agreement) of the Borrowers under the Term Loan Credit Agreement and (iii) subject to Section
7.02, the Company may guarantee Indebtedness of its Subsidiaries and any Subsidiary may
guarantee Indebtedness of any Borrower or another Subsidiary, so long as the aggregate amount of
all Indebtedness so guaranteed, when totaled with all Consolidated Total Indebtedness, without
duplication (if not already included therein) shall not result in an Event of Default hereunder;
and provided, further, that the foregoing shall not prohibit contractual
indemnities, not having substantially the same effect as a Guarantee, given in the ordinary course
of business. Neither such contractual indemnities nor contingent liabilities under clause
(b) of this Section 7.03 shall be included for purposes of calculating any financial
covenant under this Agreement.

     7.04. Consolidation or Merger. Enter into or undertake any plan or agreement or transaction
to merge into or consolidate with or into any Person, unless immediately after the consummation of
such merger or consolidation, (a)(i) in the case of the Company, except as set forth in clause (ii)
below, the Company is the surviving entity, (ii) in the case of the Company, if the Company elects
to reincorporate by merger into a wholly-owned Domestic Subsidiary Guarantor, such Subsidiary is
the surviving entity, and, in the case of such a reincorporation by merger, (A) such wholly-owned
Subsidiary expressly assumes, in a written instrument executed and delivered to each
Co-Administrative Agent, and in form and substance reasonably satisfactory to each
Co-Administrative Agent, all the Obligations of the Company or such other Loan Party, as the case
may be, under each of the Loan Documents and (B) each Co-Administrative Agent, the Lenders and the
L/C Issuer have received a written opinion of outside legal counsel to the Company stating that,
pursuant to such merger and instrument of assumption, such wholly-owned Subsidiary has assumed all
the Obligations of the Company or

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such other Loan Party under each of the Loan Documents, (iii) in the case of a merger or
consolidation between a Subsidiary and an unaffiliated Person, the Subsidiary is the surviving
entity, (iv) in the case of a merger of a Domestic Subsidiary Guarantor and a Foreign Subsidiary,
such Domestic Subsidiary Guarantor is the surviving entity, and (v) in the case of a merger of a
Subsidiary and another Subsidiary, if any Subsidiary is a Domestic Subsidiary Guarantor, such
Domestic Subsidiary Guarantor shall be the surviving entity, (c) the Company’s management remains
in control of the merged entity, (d) no Default or Event of Default hereunder shall exist or would
be reasonably likely to occur as a result of such transaction and (e) the requirements of
Section 7.11 are satisfied. For the purposes of this Section 7.04, the acquisition
by the Company or any Subsidiary of the Company of all or substantially all of the Equity Interests
or all or substantially all of the assets of any Person shall be deemed to be a consolidation of
such Person with the Company or such Subsidiary, as the case may be.

     7.05. Limitation on Certain Other Fundamental Changes; Amendment to Organization Documents.

     (a) In the case of the Company, liquidate, wind-up or dissolve itself (or suffer any
liquidation, winding up or dissolution to occur), or make any liquidating distribution.

     (b) Amend its Organization Documents in a manner adverse to the Lenders and in a manner
inconsistent with the obligations of the Loan Parties under the Loan Documents.

     7.06. Sale of Assets. Sell, license, lease, transfer or otherwise dispose of any assets,
except for:

     (a) sales of inventory in the ordinary course of business;

     (b) licenses or leases in the ordinary course of business;

     (c) dispositions permitted pursuant to Section 7.04;

     (d) conversions of intercompany Indebtedness held by the Company or any of its Subsidiaries
into equity Investments in any Subsidiary permitted pursuant to Section 7.17; and

     (e) other sales of assets in an aggregate amount for any Annual Period not to exceed the
Annual Basket Amount; provided that (i) in connection with a sale in any Annual Period, if
the Company or such Subsidiary re-invests such proceeds in other useful assets of the Company or
such Subsidiary within nine months of the date of such sale and during such Annual Period, the
aggregate amount of such proceeds reinvested shall increase the Annual Basket Amount by an amount
equal to such proceeds reinvested, (ii) such increase to any Annual Basket Amount shall not exceed
$15,000,000 for any Annual Period, (iii) no increase in any Annual Basket Amount for any Annual
Period may be “carried over” to the next Annual Period, and (iv) in no event shall any such single
sale or series of related sales permitted under this clause (e) exceed $25,000,000 in the
aggregate.

For purposes of this Section 7.06(e), “Annual Basket Amount” shall mean $25,000,000
plus any increases to such amount provided for in clause (e)(i) above, and “Annual Period”
shall mean

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each successive period of twelve consecutive months commencing on the first date of any such sale
of assets after the Closing Date.

     7.07. Affiliate Transactions. Enter into any transaction with an Affiliate, except (a) upon
fair, reasonable and arm’s-length terms, or (b) transactions between (i) the Company and a Domestic
Subsidiary Guarantor, (ii) a Domestic Subsidiary Guarantor and another Domestic Subsidiary
Guarantor, (iii) a Foreign Subsidiary and another Foreign Subsidiary (other than any Foreign
Subsidiary that is a Borrower), or (iv) subject to Section 7.13, intercompany Investments
permitted pursuant to Section 7.10; provided, however, that notwithstanding
any other provision of this Section 7.07, the Brookhouse Investments shall be permitted.

     7.08. Certain Restrictive Agreements. Enter into or permit to exist any indenture, agreement,
instrument or other arrangement (other than any Loan Document or any Term Loan Document), in
connection with the incurrence of Indebtedness which, directly or indirectly, prohibits or limits,
or has the effect of prohibiting or limiting, (a) the incurrence of Indebtedness to the Lenders
pursuant to any Loan Document, or the payment of such Indebtedness or other Obligations to the
Secured Parties or the L/C Issuer, (b) the payment of dividends by any Subsidiary or the making by
any Subsidiary of any advances or other payments or distributions to the parent of such Subsidiary,
(c) any Domestic Subsidiary Guarantee contemplated hereunder, or (d) the ability of any Loan Party
or any Domestic Subsidiary to create, incur, assume or suffer to exist Liens on property of such
Person.

     7.09. Compliance With Environmental Laws. Except in compliance with all applicable
Environmental Laws (and except to the extent that noncompliance would not have a Material Adverse
Effect), (a) use any of the Real Estate or any portion thereof for the handling, processing,
storage or disposal of Hazardous Materials, (b) cause or permit to be located on any of the Real
Estate any underground tank or other underground storage receptacle for Hazardous Materials, or (c)
generate any Hazardous Materials on any of the Real Estate.

     7.10. Limitation on Investments. Make any Investments, except:

     (a) Investments held by the Company or such Subsidiary in the form of Cash Equivalents;

     (b) advances to officers, directors and employees of the Company and Subsidiaries in an
aggregate amount not to exceed $5,000,000 at any time outstanding, for travel, entertainment,
relocation and analogous ordinary business purposes;

     (c) Investments of the Company in any Domestic Subsidiary Guarantor and Investments of any
Subsidiary in the Company or in another Subsidiary; provided that any Investment by a
Subsidiary that is a Loan Party shall be either to the Company or to another Loan Party;

     (d) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;

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     (e) Guarantees permitted by Section 7.02;

     (f) acquisitions permitted by Section 7.11;

     (g) the Brookhouse Investments; and

     (h) other Investments not to exceed $25,000,000 in the aggregate during the term of this
Agreement.

     7.11. Limitations on Acquisitions. Enter into any stock or asset acquisition other than for:
(a) the acquisition of assets in the ordinary course of such Person’s business; and (b)
Acquisitions; provided that (i) no Default or Event of Default has occurred and is
continuing or would result therefrom, (ii) the assets or business subject to such Acquisition is in
substantially the same or similar type of business as the Company, (iii) the board of directors (in
the case of an asset acquisition) and the shareholders (in the case of a stock acquisition) or both
(if required by Law) of any Person to be acquired has approved the terms of such Acquisition, (iv)
the Company has delivered to the Administrator a notice of its intention to consummate such
Acquisition at least five Business Days prior to the date on which such Acquisition is to be
consummated, (v) any newly created or acquired Subsidiary shall promptly comply with the
requirements of Section 6.13, and (vi) on a pro forma basis no Default or Event of Default
will occur over the twelve (12) month period following the effective date of such Acquisition;
provided, further, that to the extent the Company or any of its Subsidiaries agrees
to, or consummates, any Acquisition having a purchase price in excess of $100,000,000, the Company
shall deliver to the Administrator on or before the date of such Acquisition, a Compliance
Certificate and pro forma financial statements evidencing such pro forma compliance.

     7.12. Fiscal Year; Accounting Changes. Permit the fiscal year of the Company to end on a day
other than December 31 or make any change in accounting policies or reporting practices, except as
required by GAAP.

     7.13. Limitations on Transfers to Foreign Subsidiaries. Notwithstanding any provision herein
to the contrary, in no event shall the sum of (a) the principal amount of all Loans, together with
accrued and unpaid interest, provided to Borrowers that are Foreign Subsidiaries, plus (b)
the principal amount of all Term Loans, together with accrued and unpaid interest, outstanding to
Borrowers that are Foreign Subsidiaries, plus (c) the face amount of all Letters of Credit
issued and outstanding for the account of Foreign Subsidiaries, plus (d) Contingent
Liabilities of Domestic Subsidiaries for the benefit of Foreign Subsidiaries incurred after the
Closing Date, plus (e) Investments of the Company and Domestic Subsidiaries in Foreign
Subsidiaries (including intercompany loans but excluding the Brookhouse Investments) made after the
Closing Date, exceed $20,000,000 in the aggregate at any one time outstanding.

     7.14. Most Favored Lender. Agree to, with or for the benefit of the holder(s) of any
Indebtedness of, or commitments to provide loans to, the Company or any of its Subsidiaries under
the Term Loan Credit Agreement (or any refinancing or replacement thereof), any financial or
restrictive covenants or events of default which are more restrictive than, or in addition to, the
financial or negative covenants or Events of Default contained in this Agreement, or the granting
of security, unless the Loan Parties have entered into an agreement with the

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Lenders, in form and substance reasonably satisfactory to the Lenders, whereby such financial
or negative covenants or events of default or provisions regarding security are added to this
Agreement. In addition, if any provisions of the Term Loan Credit Agreement are updated (including
to be consistent with current practices), the Company will allow this Agreement to be modified or
supplemented on similar terms.

     7.15. Change in Nature of Business. Engage in any material line of business substantially
different from those lines of business conducted by the Borrowers and their Subsidiaries on the
date hereof or any business substantially related or incidental thereto.

     7.16. Use of Proceeds. Use the proceeds of any Credit Extension in any manner which would
result in a violation of the representation contained in Section 5.14.

     7.17. Prepayments, Etc. of Unsecured Indebtedness. Prepay, redeem, purchase, defease or
otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in
violation of any subordination terms of, any unsecured Indebtedness, except (a) regularly scheduled
or required repayments or redemptions of Indebtedness set forth in Schedule 7.17 and
refinancings and refundings of such Indebtedness in compliance with Section 7.02, (b)
subject to Section 7.13, conversions of intercompany Indebtedness held by the Company or
any of its Subsidiaries into equity Investments in any Subsidiary, and (c) repayments or
redemptions of unsecured Indebtedness in an aggregate amount not to exceed $5,000,000 in any
calendar year; provided that no Default or Event of Default shall have occurred and be
continuing or would result therefrom after giving pro forma effect to such repayments or
redemptions.

     7.18. Financial Covenants.

     (a) Consolidated Senior Secured Leverage Ratio. The Company will not permit the
Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater
than 3.00 to 1.00.

     (b) Consolidated Total Leverage Ratio. The Company will not permit the Consolidated
Total Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

     (c) Consolidated Adjusted Fixed Charge Coverage Ratio. The Company will not permit
the Consolidated Adjusted Fixed Charge Coverage Ratio as of the end of any Measurement Period to be
less than the ratio set forth below opposite such Measurement Period:

	 	 	 
	Measurement Period	 	Ratio
	Closing Date — March 31, 2011

	 	1.05 to 1.00
	 
	 	 
	April 1, 2011 — September 30, 2011

	 	1.25 to 1.00
	 
	 	 
	October 1, 2011 and thereafter

	 	1.35 to 1.00

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     7.19. Limitations on Swap Contracts. Create any obligations (contingent or otherwise) of the
Company or any Subsidiary existing or arising under any Swap Contract, provided, that the
Company or any Subsidiary may enter into Swap Contracts if (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of directly
mitigating risks associated with liabilities, commitments, investments, assets, or property held or
reasonably anticipated by such Person, or changes in the value of securities issued by such Person,
and not for purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not
contain any provision exonerating the non-defaulting party from its obligation to make payments on
outstanding transactions to the defaulting party.

     7.20. Limitation on Obligations under Secured Hedge Agreements, Secured Cash Management
Agreements and Secured Lines. Allow for Obligations under Secured Hedge Agreements, Secured Cash
Management Agreements and Secured Lines to exceed $35,000,000 in the aggregate at any time;
provided, that this limitation shall not limit the Company or any Subsidiary from incurring
Indebtedness permitted under Section 7.02 to the extent such Indebtedness does not
constitute an “Obligation” as defined hereunder.

ARTICLE VIII.

EVENTS OF DEFAULT; CERTAIN REMEDIES

     8.01. Events of Default. The occurrence of any one or more of the following events or
conditions shall constitute an “Event of Default”:

     (a) Non-Payment of Principal. The principal amount due upon any Loan or L/C Obligation
is not paid when due, whether at maturity, by acceleration or otherwise, or any Borrower shall fail
to deposit any funds as Cash Collateral in respect of L/C Obligations; or

     (b) Non-Payment of Interest, Fees, Etc. Any interest on any Loan or on any L/C
Obligation, or any fee, or other amount payable or due hereunder or under any other Loan Document,
is not paid within five (5) Business Days of the due date thereof; or

     (c) Specific Covenants. Any Loan Party fails to perform or observe any covenant, term
or agreement contained in clause (a) of Section 6.04, Sections 6.07 and
6.13 and Article VII of this Agreement; or

     (d) Other Defaults. Any Loan Party fails to perform or observe any covenant, term or
agreement contained in this Agreement (other than those referred to in clauses (a) — (c) above) or
in any Loan Document on its part to be performed or observed and such failure continues unremedied
for a period of thirty (30) days after any executive, legal or financial officer of the Company
becomes aware or is notified by either Co-Administrative Agent of such default, whichever first
occurs; or

     (e) Representations and Warranties. Any representation made by the Company or any
other Loan Party in this Agreement or in any other Loan Document shall be false or incorrect in any
material respect on the date as of which made or deemed to have been made or repeated; or

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     (f) Cross-Default. (i) Any “Event of Default” shall occur under the Term Loan Credit
Agreement, as the same is in effect from time to time or (ii) any obligation of the Company or any
Subsidiary for the payment of Indebtedness in excess of the Threshold Amount, individually or in
the aggregate, (A) becomes or is declared to be due and payable prior to the stated maturity
thereof as a result of a default by the Company or any Subsidiary, (B) is not paid when due or
within any grace period for the payment thereof, or (C) is evidenced or secured by an agreement
pursuant to which there shall occur any default in the performance or observance of any other term,
condition or agreement if the effect of such default is to cause or permit the holder or holders of
such obligation to cause such obligation to become due prior to its stated maturity; or

     (g) Insolvency Proceedings, Etc. Any Borrower or any Material Subsidiary makes an
assignment for the benefit of creditors; admits in writing its inability to pay its debts as they
become due; files a voluntary petition in bankruptcy; is adjudicated bankrupt or insolvent; files
or consents to the filing of any petition or answer seeking for itself any reorganization,
arrangement, composition, readjustment, dissolution, liquidation or similar relief under any Debtor
Relief Law; petitions or applies to any tribunal for any receiver, liquidator, fiscal agent or any
other similar agent or any trustee; or there is commenced against any Borrower or any such
Subsidiary any such proceeding without the consent of such Borrower or such Subsidiary which is not
dismissed within sixty (60) days after the commencement thereof; or

     (h) Change of Control. Any Change of Control occurs; or

     (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or could reasonably be expected to result in liability of the Borrowers
under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount
that could reasonably be expected to have a Material Adverse Effect, or (ii) the Borrowers or any
ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount that could reasonably be expected to have a Material
Adverse Effect; or

     (j) Invalidity of Loan Documents. This Agreement or any other Loan Document shall
(except in accordance with its terms or except as expressly permitted herein or therein), in whole
or in part, terminate, cease to be effective or cease to be the legally valid, binding and
enforceable obligation of any Loan Party party thereto; or the Company or any other Loan Party
shall, directly or indirectly, contest in any manner such effectiveness, validity, binding nature
or enforceability; or

     (k) Judgments. There is entered against the Company or any Subsidiary (i) a final
judgment or order for the payment of money in an aggregate amount exceeding the Threshold Amount
(to the extent not covered by independent third-party insurance as to which the insurer does not
dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in
either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order,
or (B) there is a period of fifteen (15) consecutive days during which a stay of enforcement of
such judgment, by reason of a pending appeal or otherwise, is not in effect; or

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     (l) Collateral Documents. Any Collateral Document after delivery thereof pursuant to
Section 4.01 or Section 6.13(b) shall for any reason (other than pursuant to the
terms thereof) cease to create a valid and perfected first priority Lien (subject to Liens
permitted by Section 7.01) on the Collateral purported to be covered thereby.

     8.02. Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Co-Administrative Agents shall, at the request of, or may, with the consent of, the Required
Lenders, take any or all of the following actions:

     (a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer
to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be
terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by each Borrower;

     (c) require that the Company Cash Collateralize the L/C Obligations (in an amount equal to the
then Outstanding Amount thereof); and

     (d) exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies
available to it, the Lenders and the L/C Issuer under the Loan Documents;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrowers or any Material Subsidiary under the Bankruptcy Code
of the United States, the obligation of each Lender to make Loans and any obligation of the L/C
Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of
all outstanding Loans and all interest and other amounts as aforesaid shall automatically become
due and payable, and the obligation of the Company to Cash Collateralize the L/C Obligations as
aforesaid shall automatically become effective, in each case without further act of the
Co-Administrative Agents or any Lender.

     8.03. Application of Funds. Subject to the terms of the Intercreditor Agreement, after the
exercise of remedies provided for in Section 8.02 (or after the Loans have automatically
become immediately due and payable and the L/C Obligations have automatically been required to be
Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on
account of the Obligations shall be applied by the Administrator in the following order:

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

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders
and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders
and the L/C Issuer (including fees and time charges for attorneys who may be

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employees of any Lender or the L/C Issuer) arising under the Loan Documents and amounts
payable under Article III, ratably among them in proportion to the respective amounts
described in this clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations arising under
the Loan Documents, Secured Hedge Agreements, Secured Cash Management Agreements and Secured Lines,
ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in
this clause Third payable to them;

     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans, L/C Borrowings and Obligations then owing under Secured Hedge Agreements, Secured Cash
Management Agreements and Secured Lines, ratably among the Lenders, the L/C Issuer, the Hedge
Banks, the Cash Management Banks and the Line Banks in proportion to the respective amounts
described in this clause Fourth held by them;

     Fifth, to the Administrator for the account of the L/C Issuer, to Cash Collateralize
that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit; and

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

Subject to Section 2.03(d), amounts used to Cash Collateralize the aggregate undrawn amount
of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings
under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be
applied to the other Obligations, if any, in the order set forth above.

Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements,
Secured Hedge Agreements and Secured Lines shall be excluded from the application described above
if the Administrator has not received written notice thereof, together with such supporting
documentation as the Administrator may request, from the applicable Cash Management Bank, Hedge
Bank or Line Bank, as the case may be. Each Cash Management Bank, Hedge Bank or Line Bank not a
party to this Agreement that has given the notice contemplated by the preceding sentence shall, by
such notice, be deemed to have acknowledged and accepted the appointment of the Co-Administrative
Agents, the Collateral Agent and the Administrator pursuant to the terms of Article IX
hereof for itself and its Affiliates as if a “Lender” party hereto.

ARTICLE IX.

THE CO-ADMINISTRATIVE AGENTS, COLLATERAL AGENT AND THE

ADMINISTRATOR

     9.01. Appointment and Authority.

     (a) Each of the Lenders and the L/C Issuer hereby irrevocably appoints each of Bank of America
and Scotia Capital to act on its behalf as Co-Administrative Agents and Bank of America to act on
its behalf as the Administrator hereunder and under the other Loan Documents

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and authorizes each of the Co-Administrative Agents and the Administrator to take such actions
on its behalf and to exercise such powers as are delegated to each of the Co-Administrative Agents
and the Administrator by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Article are solely for the benefit of each
of the Co-Administrative Agent, the Administrator, the Lenders and the L/C Issuer, and no Borrower
shall have rights as a third party beneficiary of any of such provisions.

     (b) Bank of America shall also act as the Collateral Agent under the Loan Documents, and each
of the Lenders (including in its capacities as a potential Hedge Bank, a potential Cash Management
Bank or a Line Bank, as applicable) and the L/C Issuer hereby irrevocably appoints and authorizes
Bank of America to act as the agent of such Lender and the L/C Issuer for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure
any of the Obligations, together with such powers and discretion as are reasonably incidental
thereto. In this connection, Bank of America, as Collateral Agent and any co-agents, sub-agents
and attorneys-in-fact appointed by the Collateral Agent pursuant to Section 9.05 for
purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under
the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of
the Collateral Agent), shall be entitled to the benefits of all provisions of this Article
IX and Article X (including Section 10.04(c), as though such co-agents,
sub-agents and attorneys-in-fact were the Collateral Agent under the Loan Documents) as if set
forth in full herein with respect thereto.

     (c) Each of the Lenders (including in its capacities as a potential Hedge Bank, a potential
Cash Management Bank or a Line Bank, as applicable) hereby further authorizes the Administrator and
the Collateral Agent to enter into the Intercreditor Agreement and any amendments thereto on behalf
of such Lender.

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

     9.03. Exculpatory Provisions. None of the Co-Administrative Agents, the Collateral Agent nor
the Administrator shall have any duties or obligations except those expressly set forth herein and
in the other Loan Documents. Without limiting the generality of the foregoing, none of the
Co-Administrative Agents, the Collateral Agent nor the Administrator:

     (a) shall be subject to any fiduciary or other implied duties, regardless of whether a Default
has occurred and is continuing;

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     (b) shall have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents
that any Co-Administrative Agent, the Collateral Agent or the Administrator is required to exercise
as directed in writing by the Required Lenders (or such other number or percentage of the Lenders
as shall be expressly provided for herein or in the other Loan Documents), provided that
none of the Co-Administrative Agents, the Collateral Agent nor the Administrator shall be required
to take any action that, in its opinion or the opinion of its counsel, may expose any of the
Co-Administrative Agents, the Collateral Agent or the Administrator to liability or that is
contrary to any Loan Document or applicable law;

     (c) shall, except as expressly set forth herein and in the other Loan Documents, have any duty
to disclose, or shall be liable for the failure to disclose, any information relating to any of the
Borrowers or any of their respective Affiliates that is communicated to, or obtained by, the Person
serving as a Co-Administrative Agent, the Collateral Agent or the Administrator or any of their
respective Affiliates in any capacity;

     (d) shall be liable for any action taken or not taken by it (i) with the consent, or at the
request, of the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as any Co-Administrative Agent, the Collateral Agent or the Administrator shall
believe in good faith shall be necessary, under the circumstances as provided in Sections
10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful
misconduct. Each of the Co-Administrative Agents, the Collateral Agent and the Administrator shall
be deemed not to have knowledge of any Default unless and until notice describing such Default is
given to each of the Co-Administrative Agents, the Collateral Agent and the Administrator by the
Company, a Lender or the L/C Issuer; and

     (e) shall be responsible for, or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in, or in connection with, this Agreement or any other Loan
Document, (ii) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (iii) the performance or observance of any of
the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document, or the creation,
perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the
value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in
Article IV or elsewhere herein, other than to confirm receipt of items expressly required
to be delivered to such Co-Administrative Agent, the Collateral Agent or the Administrator, as the
case may be.

     9.04. Reliance by each Co-Administrative Agent, the Collateral Agent and the Administrator.
Each of the Co-Administrative Agents, the Collateral Agent and the Administrator shall be entitled
to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message,
Internet or intranet website posting or other distribution) believed by it to be genuine and to
have been signed, sent or otherwise authenticated by the proper Person. Each of the
Co-Administrative Agents, the Collateral Agent and the Administrator also may rely upon any
statement made to it orally or by telephone and believed by it to have been made by the

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proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the L/C Issuer, the
Administrator may presume that such condition is satisfactory to such Lender or the L/C Issuer
unless the Administrator shall have received notice to the contrary from such Lender or the L/C
Issuer prior to the making of such Loan or the issuance of such Letter of Credit. Each of the
Co-Administrative Agents, the Collateral Agent and the Administrator may consult with legal counsel
(who may be counsel for the Company), independent accountants and other experts selected by it, and
shall not be liable for any action taken or not taken by it in accordance with the advice of any
such counsel, accountants or experts.

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

     9.06. Resignation of Any Co-Administrative Agent, the Collateral Agent or the Administrator.
Any Co-Administrative Agent, the Collateral Agent or the Administrator may at any time give notice
of its resignation to the Lenders, the L/C Issuer and the Company. Upon receipt of any such notice
of resignation, the Required Lenders shall have the right, in consultation with the Company, to
appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of
any such bank with an office in the United States. If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within 30 days after the
retiring Co-Administrative Agent, Collateral Agent or Administrator, as the case may be, gives
notice of its resignation, then the retiring Co-Administrative Agent, Collateral Agent or
Administrator, as the case may be, may on behalf of the Lenders and the L/C Issuer, appoint a
successor Co-Administrative Agent, Collateral Agent or Administrator, as the case may be, meeting
the qualifications set forth above; provided that if the Co-Administrative Agent or
Administrator, as the case may be, shall notify the Company and the Lenders that no qualifying
Person has accepted such appointment, then such resignation shall nonetheless become effective in
accordance with such notice and (1) the retiring Co-Administrative Agent or Administrator shall be
discharged from its duties and obligations hereunder and under the other Loan Documents and (2) all
payments, communications and determinations provided to be made by, to or through the
Co-Administrative Agents or the Administrator shall instead be made by or to, in the case of a
Co-Administrative Agent, the remaining Co-Administrative Agent, or, in all other circumstances,
each Lender and the L/C Issuer directly, until such time as the Required Lenders appoint a
successor Co-Administrative Agent or Administrator as provided for above in this Section. Upon the
acceptance of a successor’s appointment as Co-Administrative Agent, Collateral Agent or
Administrator

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hereunder, such successor shall succeed to, and become vested with, all of the rights, powers,
privileges and duties of the retiring (or retired) Co-Administrative Agent, Collateral Agent or
Administrator, as the case may be, and the retiring Co-Administrative Agent, Collateral Agent or
Administrator shall be discharged from all of its duties and obligations hereunder or under the
other Loan Documents (if not already discharged therefrom as provided above in this Section);
provided, that the retiring (or retired) Collateral Agent shall not be released from all of
its duties and obligations hereunder or under the Loan Documents until such time as it shall
deliver to the successor Collateral Agent any documents in its possession that it is holding in its
capacity as Collateral Agent. The fees payable by the Company to a successor Co-Administrative
Agent, the Collateral Agent or Administrator shall be the same as those payable to its predecessor
unless otherwise agreed between the Company and such successor. After the retiring
Co-Administrative Agent’s, Collateral Agent’s or Administrator’s resignation hereunder and under
the other Loan Documents, the provisions of this Article and Section 10.04 shall continue
in effect for the benefit of such retiring Co-Administrative Agent, Collateral Agent or
Administrator, its sub-agents and their respective Related Parties in respect of any actions taken,
or omitted to be taken, by any of them while the retiring Co-Administrative Agent, Collateral Agent
or Administrator was acting as Co-Administrative Agent, Collateral Agent or Administrator, as the
case may be. The Collateral Agent may resign in accordance with the terms of the Intercreditor
Agreement.

Any resignation by Bank of America as Co-Administrative Agent and Administrator pursuant to this
Section shall also constitute its resignation as L/C Issuer and Swing Line Lender. Upon the
acceptance of a successor’s appointment as Co-Administrative Agent and Administrator hereunder, (a)
such successor shall succeed to, and become vested with, all of the rights, powers, privileges and
duties of the retiring L/C Issuer and Swing Line Lender, (b) the retiring L/C Issuer and Swing Line
Lender shall be discharged from all of their respective duties and obligations hereunder or under
the other Loan Documents, and (c) the successor L/C Issuer shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such succession or make
other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of
the retiring L/C Issuer with respect to such Letters of Credit.

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

     9.08. No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Book
Managers, Co-Lead Arrangers, Syndication Agents or Documentation Agents listed on the cover page
hereof shall have any powers, duties or responsibilities under this Agreement or

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any of the other Loan Documents, except in its capacity, as applicable, as a Co-Administrative
Agent, the Collateral Agent, the Administrator, a Lender or the L/C Issuer hereunder.

     9.09. Co-Administrative Agents, Collateral Agent and Administrator May File Proofs of Claim.
In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to any Loan Party, any Co-Administrative Agent, the Collateral Agent or the
Administrator (irrespective of whether the principal of any Loan or L/C Obligation shall then be
due and payable as herein expressed or by declaration or otherwise and irrespective of whether any
Co-Administrative Agent, the Collateral Agent or the Administrator shall have made any demand on
any Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

     (a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders, the L/C Issuer, the Co-Administrative Agents, the Collateral Agent and the
Administrator (including any claim for the reasonable compensation, expenses, disbursements and
advances of the Lenders, the L/C Issuer, the Co-Administrative Agents, the Collateral Agent, the
Administrator and their respective agents and counsel and all other amounts due the Lenders, the
L/C Issuer, the Co-Administrative Agents, the Collateral Agent and the Administrator under
Sections 2.09 and 10.04) allowed in such judicial proceeding; provided,
that none of the Co-Administrative Agents, the Collateral Agent or the Administrator shall take any
action under this Section 9.09(a) with respect to Obligations arising under a Secured Cash
Management Agreement, Secured Hedge Agreement or Secured Line, without the consent of the
applicable Cash Management Bank, Hedge Bank or Line Bank party to such Secured Cash Management
Agreement, Secured Hedge Agreement or Secured Line; and

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

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and the L/C Issuer to make such
payments to the Co-Administrative Agents, the Collateral Agent or the Administrator and, in the
event that any Co-Administrative Agent, the Collateral Agent or the Administrator shall consent to
the making of such payments directly to the Lenders and the L/C Issuer, to pay to any
Co-Administrative Agent, the Collateral Agent or the Administrator any amount due for the
reasonable compensation, expenses, disbursements and advances of such Co-Administrative Agent, the
Collateral Agent or the Administrator and its respective agents and counsel, and any other amounts
due the Co-Administrative Agents, the Collateral Agent or the Administrator under Sections
2.09 and 10.04.

Nothing contained herein shall be deemed to authorize the Co-Administrative Agents, the Collateral
Agent or the Administrator to authorize or consent to, or accept, or adopt, on behalf of any Lender
or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the
Obligations or the rights of any Lender or the L/C Issuer to authorize the Co-Administrative
Agents, the Collateral Agent or the Administrator to vote in respect of the claim of any Lender or
the L/C Issuer in any such proceeding.

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     9.10. Collateral Matters. Each of the Lenders (including in its capacities as a potential
Cash Management Bank, a potential Hedge Bank or a Line Bank, as applicable) and the L/C Issuer
irrevocably authorize the Collateral Agent, at its option and in its discretion,

     (a) to release any Lien on any property granted to, or held by, the Collateral Agent under any
Loan Document (i) upon termination of the Aggregate Commitments and payment in full of all
Obligations (other than (A) contingent indemnification obligations and (B) obligations and
liabilities under Secured Cash Management Agreements, Secured Hedge Agreements and/or Secured
Lines) and the expiration or termination of all Letters of Credit (other than Letters of Credit as
to which other arrangements satisfactory to the Co-Administrative Agents and the L/C Issuer shall
have been made), (ii) that is sold or to be sold as part of, or in connection with, any sale
permitted hereunder or under any other Loan Document, (iii) with respect to Pledged Debt that is
converted to equity in accordance with Section 7.17 or with respect to which the obligation
evidenced thereby has been repaid in full, or (iv) if approved, authorized or ratified in writing
in accordance with Section 10.01; and

     (b) to subordinate any Lien on any property granted to, or held by, the Collateral Agent under
any Loan Document to the holder of any Lien on such property that is permitted by Section
7.01(g).

     Upon request by the Collateral Agent at any time, the Required Lenders will confirm in writing
the Collateral Agent’s authority to release or subordinate its interest in particular types or
items of property. As specified in this Section 9.10, the Collateral Agent will, at the
Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan
Party may reasonably request to evidence the release of such item of Collateral from the assignment
and security interest granted under the Collateral Documents.

     9.11. Guaranty Matters. Each of the Lenders (including in its capacities as a potential Cash
Management Bank, a potential Hedge Bank or a Line Bank, as applicable) and the L/C Issuer
irrevocably authorize the Administrator, at its option and in its discretion, to release any
Domestic Subsidiary Guarantor from its obligations under the Domestic Subsidiary Guarantee if such
Person ceases to be a Subsidiary as a result of a transaction permitted hereunder.

     Upon request by each Co-Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrator’s authority to release any Domestic Subsidiary Guarantor from its
obligations under the Domestic Subsidiary Guarantee pursuant to this Section 9.11. As
specified in this Section 9.11, the Administrator will, at the Borrower’s expense, execute
and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request
to evidence the release of such Domestic Subsidiary Guarantor from its obligations under the
Domestic Subsidiary Guarantee, in each case in accordance with the terms of the Loan Documents and
this Section 9.11.

     9.12. Secured Cash Management Agreements, Secured Hedge Agreements and Secured Lines. No Cash
Management Bank, Hedge Bank or Line Bank that obtains the benefits of Section 8.03, any
Domestic Subsidiary Guarantee or any Collateral by virtue of the provisions hereof or of any
Domestic Subsidiary Guarantee or any Collateral Document shall have any right to notice of any
action or to consent to, direct or object to any action hereunder or under any

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other Loan Document or otherwise in respect of the Collateral (including the release or
impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the
extent expressly provided in the Loan Documents. Notwithstanding any other provision of this
Article IX to the contrary, the Collateral Agent shall not be required to verify the
payment of Obligations arising under Secured Cash Management Agreements, Secured Hedge Agreements
and Secured Lines unless the Collateral Agent has received written notice of such Obligations,
together with such supporting documentation as the Collateral Agent may request, from the
applicable Cash Management Bank, Hedge Bank or Line Bank, as the case may be.

ARTICLE X.

MISCELLANEOUS

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

     (a) waive any condition set forth in Section 4.01(a) without the written consent of
each Lender;

     (b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 8.02) without the written consent of such Lender;

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

     (d) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C
Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees
or other amounts payable hereunder or under any other Loan Document without the written consent of
each Lender directly affected thereby; provided, however, that only the consent of
the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any
obligation of any Borrower to pay interest or Letter of Credit Fees at the Default Rate;

     (e) change Section 2.13 or Section 8.03 in a manner that would alter the pro
rata sharing of payments required thereby without the written consent of each Lender;

     (f) amend Section 1.06 or the definition of “Alternative Currency” without the written
consent of each Lender;

     (g) change any provision of this Section or the definition of “Required Lenders” or any other
provision hereof specifying the number or percentage of Lenders required to amend,

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waive or otherwise modify any rights hereunder or make any determination or grant any consent
hereunder without the written consent of each Lender;

     (h) release the Company from the Company Guarantee or release any Designated Borrower with
outstanding Loans, or other amounts on account of any Loans made to it, payable by such Designated
Borrower;

     (i) release all, or substantially all, of the Collateral in any transaction or series of
related transactions, without the written consent of each Lender;

     (j) release all, or substantially all, of the value of the Domestic Subsidiary Guarantee
without the written consent of each Lender, except to the extent the release of any Domestic
Subsidiary Guarantor is permitted pursuant to Section 9.11 (in which case such release may
be made by the Co-Administrative Agents);

     (k) amend, modify or waive the provisions of Section 5.04(b), Section 6.06 or
Section 7.01 without the written consent of each Lender affected thereby; or

     (l) extend Letter of Credit Expiration Date of any Letter of Credit beyond Maturity Date;

and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by the L/C Issuer in addition to the Lenders required above, affect the rights
or duties of the L/C Issuer under this Agreement or any Issuer Document relating to any Letter of
Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing
and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or
duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall,
unless in writing and signed by each Co-Administrative Agent in addition to the Lenders required
above, affect the rights or duties of each Co-Administrative Agent under this Agreement or any
other Loan Document; (iv) the Fee Letters may be amended, or rights or privileges thereunder
waived, in a writing executed only by the applicable parties thereto; (v) no amendment, waiver or
consent shall, unless in writing and signed by the Collateral Agent in addition to the Lenders
required above, affect the rights or duties of the Collateral Agent under this Agreement; and (vi)
no amendment, waiver or consent shall, unless in writing and signed by the Administrator in
addition to the Lenders required above, affect the rights or duties of the Administrator under this
Agreement. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any
right to approve or disapprove any amendment, waiver or consent hereunder, except that the
Commitment of such Lender may not be increased or extended without the consent of such Lender.

     If any Lender does not consent to a proposed amendment, waiver, consent to release with
respect to any Loan Document that requires consent of each Lender and that had been approved by the
Required Lenders, the Borrower may replace such non-consenting Lender in accordance with
Section 10.13; provided that such amendment, waiver, consent or release can be
effected as a result of the assignment contemplated by such Section (together with all other such
assignments required by the Borrowers to be made pursuant to this paragraph).

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     10.02. Notices; Effectiveness; Electronic Communication.

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

     (i) if to a Borrower, any Co-Administrative Agent, the Collateral Agent, the
Administrator, the L/C Issuer or the Swing Line Lender, to the address, telecopier number,
electronic mail address or telephone number specified for such Person on Schedule
10.02; and

     (ii) if to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

Notices and other communications sent by hand or overnight courier service, or mailed by certified
or registered mail, shall be deemed to have been given when received. Notices and other
communications delivered by telecopier or through electronic communications to the extent provided
in subsection (b) below, shall be effective as provided in such subsection (b).

     (b) Electronic Communications. Notices and other communications to the Lenders and
the L/C Issuer hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by each Co-Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender or the L/C
Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified
each Co-Administrative Agent that it is incapable of receiving notices under such Article by
electronic communication. Each Co-Administrative Agent, the Administrator, the Collateral Agent or
the Company may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications (including e-mail and Internet or intranet websites)
pursuant to procedures approved by it, provided that approval of such procedures may be
limited to particular notices or communications.

Unless each Co-Administrative Agent, the Administrator or the Collateral Agent, as applicable,
otherwise prescribes, and, with respect to notices and other communications to the Company or any
other Borrower, unless the Company and such Borrower otherwise agree, (i) notices and other
communications sent to an e-mail address or by telecopier shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written acknowledgement),
provided that if such notice or other communication is not sent during the normal business
hours of the recipient, such notice or communication shall be deemed to have been sent at the
opening of business on the next business day for the recipient, and (ii) notices or communications
posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the
intended recipient at its e-mail address as described in the foregoing clause (i) of notification
that such notice or communication is available and identifying the website address therefor.

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

     (d) Change of Address, Etc. Each of the Borrowers, each Co-Administrative Agent, the
Collateral Agent, the Administrator the L/C Issuer and the Swing Line Lender may change its
address, electronic mail address, telecopier or telephone number for notices and other
communications hereunder by notice to the other parties hereto. Each other Lender may change its
address, electronic mail address, telecopier or telephone number for notices and other
communications hereunder by notice to the Company, each Co-Administrative Agent, the Collateral
Agent, the Administrator the L/C Issuer and the Swing Line Lender. In addition, each Lender agrees
to notify each Co-Administrative Agent and the Administrator from time to time to ensure that each
Co-Administrative Agent and the Administrator has on record (i) an effective address, contact name,
telephone number, telecopier number and electronic mail address to which notices and other
communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each
Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at
all times have selected the “Private Side Information” or similar designation on the content
declaration screen of the Platform in order to enable such Public Lender or its delegate, in
accordance with such Public Lender’s compliance procedures and applicable Law, including United
States Federal and state securities Laws, to make reference to Borrower Materials that are not made
available through the “Public Side Information” portion of the Platform and that may contain
material non-public information with respect to the Borrower or its securities for purposes of
United States Federal or state securities laws.

     (e) Reliance by Each Co-Administrative Agent, Collateral Agent, Administrator, L/C Issuer
and Lenders. Each Co-Administrative Agent, the Collateral Agent, the Administrator, the L/C
Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic
Committed Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of any
Borrower even if (i) such notices were not made in a manner specified herein, were

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incomplete or were not preceded or followed by any other form of notice specified herein, or
(ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The
Company shall indemnify each Co-Administrative Agent, the Collateral Agent, the Administrator, the
L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses
and liabilities resulting from the reliance by such Person on each notice purportedly given by or
on behalf of any Borrower. All telephonic notices to and other telephonic communications with any
Co-Administrative Agent, the Collateral Agent and the Administrator may be recorded by such
Co-Administrative Agent, the Collateral Agent and the Administrator, and each of the parties hereto
hereby consents to such recording.

     10.03. No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, any
Co-Administrative Agent, the Collateral Agent or the Administrator to exercise, and no delay by any
such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a
waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege
hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the
authority to enforce rights and remedies hereunder and under the other Loan Documents against the
Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law
in connection with such enforcement shall be instituted and maintained exclusively by, each
Co-Administrative Agent, the Collateral Agent or the Administrator, as the case may be, in
accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuer;
provided, however, that the foregoing shall not prohibit (a) each Co-Administrative
Agent, the Collateral Agent or the Administrator from exercising on its own behalf the rights and
remedies that inure to its benefit (solely in its capacity as Co-Administrative Agent, Collateral
Agent or Administrator) hereunder and under the other Loan Documents, (b) the L/C Issuer or the
Swing Line Lender from exercising the rights and remedies that inure to its benefit (solely in its
capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan
Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08
(subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or
appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to
any Loan Party under any Debtor Relief Law; and provided, further, that if at any
time there is no Person acting as a Co-Administrative Agent, the Collateral Agent or the
Administrator hereunder and under the other Loan Documents, then (i) the Required Lenders shall
have the rights otherwise ascribed to each Co-Administrative Agent, the Collateral Agent or the
Administrator, as the case may be, pursuant to Section 8.02 and (ii) in addition to the
matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section
2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies
available to it and as authorized by the Required Lenders.

     10.04. Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. Each of the Borrowers jointly and severally (or, with respect
to any Designated Borrower that is a Foreign Subsidiary, severally and not jointly) agrees to pay
all out-of-pocket expenses of each of the Co-Administrative Agents (including due diligence

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costs and expenses and reasonable fees and expenses of counsel to the Co-Administrative
Agents), the Administrator (including reasonable fees and expenses of counsel to the
Administrator), the Collateral Agent (including reasonable fees and expenses of counsel to the
Collateral Agent), the L/C Issuer (including reasonable fees and expenses of counsel to the L/C
Issuer) and the Lenders (including reasonable fees and expenses of counsel to the Lenders) incurred
in connection with: (i) the negotiation, preparation, execution and delivery of this Agreement and
each of the other Loan Documents (including schedules and exhibits thereto), and any amendments,
waivers, consents, supplements or other modifications to this Agreement or any of the other Loan
Documents as may from time to time be hereafter required, whether or not the transactions
contemplated hereby and thereby are consummated; provided, that the Borrowers shall not be
responsible for the out-of-pocket expenses of the Lenders in the case of this clause (i); (ii) the
collection of Obligations due hereunder or under any of the other Loan Documents; (iii) the
defense, protection, preservation, realization or enforcement of any of the rights or remedies of
any of the Co-Administrative Agents, the Administrator, the Collateral Agent, the L/C Issuer or any
of the Lenders under any provisions of this Agreement or under any of the other Loan Documents;
(iv) the syndication of the Loans; and/or (v) except to the extent such action, suit or proceeding
arose as a result of the gross negligence, bad faith or willful misconduct of such
Co-Administrative Agent, the Administrator, the Collateral Agent, the L/C Issuer or such Lender,
any action, suit or proceeding in accordance with this Section 10.04 (whether or not an
Indemnitee is a party or is subject thereto); provided, that no fees and expenses of
counsel for the Lenders (other than the Co-Administrative Agents, the Administrator and the
Collateral Agent) shall be payable by the Company unless incurred after an Event of Default has
occurred.

     (b) Indemnification by the Company. The Company shall indemnify each
Co-Administrative Agent (and any sub-agent thereof), the Collateral Agent, the Administrator, the
Syndication Agent, the Co-Lead Arrangers, each Lender and the L/C Issuer, and each Related Party of
any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and
hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related
expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), and
shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements
for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted
against any Indemnitee by any third party or by any Borrower or any other Loan Party arising out
of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance
by the parties hereto of their respective obligations hereunder or thereunder, the consummation of
the transactions contemplated hereby or thereby, or, in the case of any Co-Administrative Agent
(and any sub-agent thereof), the Collateral Agent and the Administrator and their Related Parties
only, the administration of this Agreement and the other Loan Documents (including in respect of
any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand
for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence
or release of Hazardous Materials on or from any property owned or operated by any Borrower or any
of its Subsidiaries, or any Environmental Liability related in any way to any Borrower or any of
its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing,

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whether based on contract, tort or any other theory, whether brought by a third party or by
the Company or any other Loan Party, and regardless of whether any Indemnitee is a party thereto;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the
Company or any other Loan Party against an Indemnitee for breach in bad faith of such indemnitee’s
obligations hereunder or under any other Loan Document, if the Company or such other Loan Party has
obtained a final and nonappealable judgment in its favor on such claim as determined by a court of
competent jurisdiction.

     (c) Reimbursement by Lenders. To the extent that the Company for any reason fails to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it
to any Co-Administrative Agent (or any sub-agent thereof), the Collateral Agent, the Administrator,
the L/C Issuer or any Related Party of any of the foregoing, each Lender severally agrees to pay to
such Co-Administrative Agent (or any such sub-agent), the Collateral Agent, the Administrator the
L/C Issuer or such Related Party, as the case may be, such Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought)
of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by, or asserted against,
such Co-Administrative Agent (or any such sub-agent), the Collateral Agent, the Administrator or
the L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting
for such Co-Administrative Agent (or any such sub-agent), the Collateral Agent, the Administrator,
or L/C Issuer in connection with such capacity. The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 2.12(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no Borrower shall assert, and hereby waives, any claim against any Indemnitee, on
any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.
No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the
use by unintended recipients of any information or other materials distributed to such unintended
recipients by such Indemnitee through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby other than for direct or actual damages resulting from
the gross negligence or willful misconduct of such Indemnitee as determined by a final and
nonappealable judgment of a court of competent jurisdiction.

     (e) Payments. All amounts due under this Section shall be payable not later than ten
(10) Business Days after demand therefor.

     (f) Survival. The agreements in this Section shall survive the resignation of the
Co-Administrative Agents, the Collateral Agent, the Administrator, the L/C Issuer and the Swing

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Line Lender, the replacement of any Lender, the termination of the Aggregate Commitments and
the repayment, satisfaction or discharge of all the other Obligations.

     10.05. Payments Set Aside. To the extent that any payment by or on behalf of any Borrower is
made to any Co-Administrative Agent, the Collateral Agent, the Administrator, the L/C Issuer or any
Lender, or any Co-Administrative Agent, the Collateral Agent, the Administrator, the L/C Issuer or
any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any
part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required (including pursuant to any settlement entered into by such Co-Administrative Agent, the
Collateral Agent, the Administrator the L/C Issuer or such Lender in its discretion) to be repaid
to a trustee, receiver or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been made or such setoff had not occurred, and (b) each Lender and the L/C
Issuer severally agrees to pay to the Administrator upon demand its applicable share (without
duplication) of any amount so recovered from or repaid by the Administrator, plus interest thereon
from the date of such demand to the date such payment is made at a rate per annum equal to the
applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery
or payment. The obligations of the Lenders and the L/C Issuer under clause (b) of the preceding
sentence shall survive the payment in full of the Obligations and the termination of this
Agreement.

     10.06. Successors and Assigns.

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

     (b) Assignments by Lenders. Any Lender may at any time assign to one or more Eligible
Assignees all or a portion of its rights and obligations under this Agreement (including all or a
portion of its Commitment and the Loans (including for purposes of this subsection (b),
participations in L/C Obligations and in Swing Line Loans) at the time owing to it);
provided that any such assignment shall be subject to the following conditions:

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     (i) Minimum Amounts. Except in the case of an assignment of the entire
remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it
or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund
with respect to a Lender, the aggregate amount of the Commitment (which for this purpose
includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the
principal outstanding balance of the Loans of the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrator or, if “Trade Date” is specified in the
Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless
each of the Administrator and, so long as no Event of Default has occurred and is
continuing, the Company otherwise consents (each such consent not to be unreasonably
withheld or delayed); provided, however, that concurrent assignments to
members of an Assignee Group and concurrent assignments from members of an Assignee Group to
a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group)
will be treated as a single assignment for purposes of determining whether such minimum
amount has been met.

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

     (iii) Required Consents. No consent shall be required for any assignment
except to the extent required by subsection (b)(i) of this Section and, in addition:

     (A) the consent of the L/C Issuer (such consent not to be unreasonably withheld
or delayed) shall be required for any assignment that increases the obligation of
the assignee to participate in exposure under one or more Letters of Credit (whether
or not then outstanding); and

     (B) the consent of the Swing Line Lender (such consent not to be unreasonably
withheld or delayed) shall be required for any assignment in respect of any
Committed Loan.

     (iv) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Administrator an Assignment and Assumption, together with a processing
and recordation fee in the amount of $3,500; provided, however, that the
Administrator may, in its sole discretion, elect to waive such processing and recordation
fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to
the Administrator an Administrative Questionnaire.

     (v) No Assignment to Company. No such assignment shall be made to the Company
or any of the Company’s Affiliates or Subsidiaries.

     (vi) No Assignment to Natural Persons. No such assignment shall be made to a
natural person.

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Subject to acceptance and recording thereof by the Administrator pursuant to subsection (c) of this
Section, from and after the effective date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement 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 3.01, 3.04, 3.05, and 10.04
with respect to facts and circumstances occurring prior to the effective date of such assignment.
Upon request, each Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender; provided, however, that to the extent any such Note replaces an existing
Note, such assigning Lender shall use commercially reasonable efforts to return such existing Note
to the applicable Borrower for cancellation. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with subsection (d) of this Section.

     (c) Register. The Administrator, acting solely for this purpose as an agent of the
Borrowers, shall maintain at the Administrator’s Funding Office a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to,
each Lender pursuant to the terms hereof from time to time (the “Register”). The entries
in the Register shall be conclusive, and the Borrowers, each of the Co-Administrative Agents, the
Collateral Agent, the Administrator and the Lenders may treat each Person whose name is recorded in
the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by the
Borrowers, each of the Co-Administrative Agents, the Collateral Agent and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

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

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such

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agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in the first proviso to
Section 10.01 that affects such Participant. Subject to subsection (e) of this Section,
each Borrower agrees that each Participant shall be entitled to the benefits of Sections
3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by
law, each Participant also shall be entitled to the benefits of Section 10.08 as though it
were a Lender, provided such Participant agrees to be subject to Section 2.13 as
though it were a Lender.

     (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01 or 3.04 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 Company’s prior written
consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to
the benefits of Section 3.01 unless the Company is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with
Section 3.01(e) as though it were a Lender.

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

     (g) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding
anything to the contrary contained herein, if at any time Bank of America assigns all of its
Commitment and Loans pursuant to subsection (b) above, Bank of America may (i) upon 30 days’ notice
to the Company and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days’ notice to the
Company, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing
Line Lender, the Company shall be entitled to appoint from among the Lenders a successor L/C Issuer
or Swing Line Lender hereunder; provided, however, that no failure by the Company
to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or
Swing Line Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain
all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all
Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C
Obligations with respect thereto (including the right to require the Lenders to make Base Rate
Committed Loans or fund risk participations in Unreimbursed Amounts pursuant to Section
2.03(d)). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of
the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and
outstanding as of the effective date of such resignation, including the right to require the
Lenders to make Base Rate Committed Loans or fund risk participations in outstanding Swing Line
Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C Issuer and/or
Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be,
and (b) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of
Credit, if any, outstanding at the time of such

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succession or make other arrangements satisfactory to Bank of America to effectively assume
the obligations of Bank of America with respect to such Letters of Credit.

     10.07. Treatment of Certain Information; Confidentiality. Each Co-Administrative Agent, the
Collateral Agent, the Administrator, the Lenders and the L/C Issuer agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a)
to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, trustees, advisors and representatives (it being understood that the Persons to
whom such disclosure is made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential), (b) to the extent requested by any regulatory
authority purporting to have jurisdiction over it (including any self-regulatory authority, such as
the National Association of Insurance Commissioners), (c) to the extent required by applicable laws
or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the
same as those of this Section, to (i) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or any
Eligible Assignee invited to be a Lender pursuant to Section 2.15(c) or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction relating to a
Borrower and its obligations, (g) with the consent of the Company or (h) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section or
(y) becomes available to any Co-Administrative Agent, the Collateral Agent, the Administrator, any
Lender, the L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a
source other than the Company.

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

     Each of the Co-Administrative Agents, the Collateral Agent, the Administrator, the Lenders and
the L/C Issuer acknowledges that (a) the Information may include material non-public information
concerning the Company or a Subsidiary, as the case may be, (b) it has developed compliance
procedures regarding the use of material non-public information and (c) it will handle such
material non-public information in accordance with applicable Law, including United States Federal
and state securities Laws.

     10.08. Right of Setoff. If an Event of Default shall have occurred and be continuing, each
Lender, the L/C Issuer and each of their respective Affiliates is hereby authorized at any

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time and from time to time, to the fullest extent permitted by applicable law, to set off and
apply any and all deposits (general or special, time or demand, provisional or final, in whatever
currency) at any time held and other obligations (in whatever currency) at any time owing by such
Lender, the L/C Issuer or any such Affiliate to or for the credit or the account of any Borrower
against any and all of the obligations of such Borrower now or hereafter existing under this
Agreement or any other Loan Document to such Lender or the L/C Issuer, irrespective of whether or
not such Lender or the L/C Issuer shall have made any demand under this Agreement or any other Loan
Document and although such obligations of such Borrower may be contingent or unmatured or are owed
to a branch or office of such Lender or the L/C Issuer different from the branch or office holding
such deposit or obligated on such indebtedness. The rights of each Lender, the L/C Issuer and
their respective Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates
may have. Each Lender and the L/C Issuer agrees to notify the Company and each Co-Administrative
Agent and the Administrator promptly after any such setoff and application, provided that
the failure to give such notice shall not affect the validity of such setoff and application.

     10.09. Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If
any Co-Administrative Agent, the Administrator or any Lender shall receive interest in an amount
that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans
or, if it exceeds such unpaid principal, refunded to the Company. In determining whether the
interest contracted for, charged, or received by any Co-Administrative Agent, the Administrator or
a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a)
characterize any payment that is not principal as an expense, fee, or premium rather than interest,
(b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and
spread in equal or unequal parts the total amount of interest throughout the contemplated term of
the Obligations hereunder.

     10.10. Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by
each Co-Administrative Agent and when each Co-Administrative Agent shall have received counterparts
hereof that, when taken together, bear the signatures of each of the other parties hereto.
Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other
electronic imaging means shall be effective as delivery of a manually executed counterpart of this
Agreement.

     10.11. Survival of Representations and Warranties. All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or
in connection herewith or therewith shall survive the execution and delivery hereof and thereof.
Such representations and warranties have been, or will be, relied

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upon by each Co-Administrative Agent, the Collateral Agent, the Administrator and each Lender,
regardless of any investigation made by any Co-Administrative Agent, the Collateral Agent, the
Administrator or any Lender or on their behalf and notwithstanding that any Co-Administrative
Agent, the Collateral Agent, the Administrator or any Lender may have had notice or knowledge of
any Default at the time of any Credit Extension, and shall continue in full force and effect as
long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter
of Credit shall remain outstanding.

     10.12. Severability. If any provision of this Agreement or the other Loan Documents is held
to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

     10.13. Replacement of Lenders. If (a) any Lender requests compensation under Section
3.04, (b) any Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, (c) any
Lender determines that it is unlawful for such Lender (but no other Lender) to make, maintain or
fund Eurocurrency Rate Loans, or to determine or charge interest rates based upon the Eurocurrency
Rate, in each case as set forth in Section 3.02, (d) any Lender is a Defaulting Lender or
(e) if any other circumstance exists hereunder that gives the Company the right to replace a Lender
as a party hereto, then the Company may, at its sole expense and effort, upon notice to such
Lender, the Administrator and each Co-Administrative Agent, require such Lender to assign and
delegate, without recourse (in accordance with, and subject to, the restrictions contained in, and
consents required by, Section 10.06), all of its interests, rights and obligations under
this Agreement and the related Loan Documents to an assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment), provided that:

     (a) the Company shall have paid (or caused a Designated Borrower to pay) to the Administrator
the assignment fee specified in Section 10.06(b);

     (b) such Lender shall have received payment of an amount equal to the outstanding principal of
its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to
it hereunder and under the other Loan Documents (including any amounts under Section 3.05)
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or
the Company or applicable Designated Borrower (in the case of all other amounts);

     (c) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter; and

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

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

     10.14. Governing Law; Jurisdiction; Etc.

     (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PROVISIONS
THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

     (b) SUBMISSION TO JURISDICTION. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE
OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN
DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT
OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL
CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK
STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF
THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE
CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY
RIGHT THAT ANY CO-ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE ADMINISTRATOR, ANY LENDER OR THE
L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     (c) WAIVER OF VENUE. EACH BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE
LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT IN ANY NEW YORK STATE COURT OR FEDERAL COURT SITTING IN NEW YORK. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY NEW YORK
STATE COURT OR FEDERAL COURT SITTING IN NEW YORK.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
AT THE PROPERTY ADDRESS PROVIDED FOR

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NOTICES IN SECTION 10.02 OR AT SUCH OTHER ADDRESS AS SUCH PARTY SHALL DIRECT FOR
SERVICE OF PROCESS BY WRITTEN NOTIFICATION TO THE OTHER PARTIES. NOTHING IN THIS AGREEMENT WILL
AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE
LAW.

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

     10.16. No Advisory or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document), each Borrower acknowledges and agrees, and
acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services
regarding this Agreement provided by each Co-Administrative Agent, the Collateral Agent, the
Administrator and each Co-Lead Arranger, are arm’s-length commercial transactions between such
Borrower and their respective Affiliates, on the one hand, and each Co-Administrative Agent, the
Collateral Agent, the Administrator and each Co-Lead Arranger, on the other hand, (B) such Borrower
has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed
appropriate, and (C) such Borrower is capable of evaluating, and understands and accepts, the
terms, risks and conditions of the transactions contemplated hereby and by the other Loan
Documents; (ii) (A) each Co-Administrative Agent, the Collateral Agent, the Administrator and each
Co-Lead Arranger each is and has been acting solely as a principal and, except as expressly agreed
in writing by the relevant parties, has not been, is not, and will not be acting as an advisor,
agent or fiduciary for such Borrower or any of its respective Affiliates, or any other Person and
(B) no Co-Administrative Agent, the Collateral Agent, the Administrator nor any Co-Lead Arranger
has any obligation to such Borrower or any of its respective Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the
other Loan Documents; and (iii) each Co-Administrative Agent, the Collateral Agent, the
Administrator and each Co-Lead Arranger and their respective Affiliates may be engaged in a broad
range of transactions that involve interests that differ from those of such Borrower and its
respective Affiliates, and no Co-Administrative Agent, the Collateral Agent, the Administrator nor
any Co-Lead Arranger has any obligation to disclose any of such interests to the Borrower or any of
its respective Affiliates. To the fullest extent permitted by law, each of the Borrowers hereby
waives and releases any claims that it may have against each Co-Administrative Agent, the
Collateral Agent, the Administrator and

-111-

 

each Co-Lead Arranger with respect to any breach or alleged breach of agency or fiduciary duty
in connection with any aspect of any transaction contemplated hereby.

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

     10.18. USA Patriot Act. Each Lender that is subject to the Act (as hereinafter defined) and
each Co-Administrative Agent, the Collateral Agent and the Administrator (for itself and not on
behalf of any Lender) hereby notifies the Borrowers that pursuant to the requirements of the USA
PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”),
it is required to obtain, verify and record information that identifies the Borrowers, which
information includes the name and address of each Borrower and other information that will allow
such Lender, such Co-Administrative Agent, the Collateral Agent or the Administrator, as
applicable, to identify such Borrower in accordance with the Act. Each Borrower shall, promptly
following a request by such Co-Administrative Agent, the Collateral Agent, the Administrator or any
Lender, provide all documentation and other information that such Co-Administrative Agent, the
Collateral Agent, the Administrator or such Lender requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the Act.

     10.19. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another
currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the Administrator could purchase the first currency with such other currency on the
Business Day preceding that on which final judgment is given. The obligation of each Borrower in
respect of any such sum due from it to the Administrator or any Lender hereunder or under the other
Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than that in which such sum is denominated in accordance with the applicable provisions of
this Agreement (the “Agreement Currency”), be discharged only to the extent that on the
Business Day following receipt by the Administrator or such Lender, as the case may be, of any sum
adjudged to be so due in the Judgment Currency, the Administrator or such Lender, as the case may
be, may in accordance with normal banking procedures purchase the Agreement Currency with the
Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrator or any Lender from any Borrower in the Agreement Currency, such
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the
Administrator or such Lender, as the case may be, against such loss. If the amount of the
Agreement Currency so purchased is greater than the sum originally due to the Administrator or any
Lender in such currency, the Administrator or such Lender, as the case may be, agrees to return the
amount of any excess to such Borrower (or to any other Person who may be entitled thereto under
applicable law).

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[Remainder of page intentionally left blank.]

-113-

 

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	KAMAN CORPORATION, as a Borrower

 	 
	 	By:  	/s/ Robert D. Starr
 	 
	 	 	      Name:  	Robert D. Starr 	 
	 	 	      Title:  	Vice President & Treasurer 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as

Co-Administrative Agent, Administrator, Collateral

Agent L/C Issuer, Swing Live Lender and a Lender

 	 
	 	By:  	/s/
Jeffrey
J. McLaughlin	 
	 	 	      Name: Jeffrey
J. McLaughlin	 	 
	 	 	      Title: SVP	 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as

Co-Administrative Agent and as a Lender

 	 
	 	By:  	/s/
Todd S. Meller	 
	 	 	      Name: Todd S. Meller	 	 
	 	 	      Title: Managing
Director	 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	RBS CITIZENS, N.A., 

as Syndication Agent and a Lender

 	 
	 	By:  	/s/
Jeffrey C. Lynch	 
	 	 	      Name: Jeffrey C. Lynch	 	 
	 	 	      Title: Jeffrey C. Lynch	 	 
	 

Signature Page to Revolving Credit Agreement

 

 

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

 	 
	 	By:  	/s/ Peter M. Killea
 	 
	 	 	     Name:  	Peter M. Killea 	 
	 	 	     Title:  	Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Suzannah Harris
 	 
	 	 	     Name:  	Suzannah Harris 	 
	 	 	     Title:  	Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	TORONTO DOMINION (NEW YORK) LLC, as a Lender

 	 
	 	By:  	/s/ Debbi L. Brito
 	 
	 	 	     Name:  	Debbi L. Brito 	 
	 	 	     Title:  	Authorized Signatory 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	BRANCH BANKING AND TRUST COMPANY, as a Lender

 	 
	 	By:  	/s/ Troy R. Weaver
 	 
	 	 	     Name:  	Troy R. Weaver 	 
	 	 	     Title:  	Senior Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By:  	/s/ Valerie Schanzer
 	 
	 	 	     Name:  	Valerie Schanzer 	 
	 	 	     Title:  	Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	WEBSTER BANK, NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Stephen J. Corcoran
 	 
	 	 	     Name:  	Stephen J. Corcoran 	 
	 	 	     Title:  	Senior Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	THE NORTHERN TRUST COMPANY, as a Lender

 	 
	 	By:  	/s/ Jeffrey B. Clark
 	 
	 	 	     Name:  	Jeffrey B. Clark 	 
	 	 	     Title:  	Senior Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	US BANK, NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Kenneth R. Fieler
 	 
	 	 	     Name:  	Kenneth R. Fieler 	 
	 	 	     Title:  	Assistant Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	SOVEREIGN BANK, as a Lender

 	 
	 	By:  	/s/ Rodney C. Scott
 	 
	 	 	     Name:  	Rodney C. Scott 	 
	 	 	     Title:  	Senior Vice President 	 
	 

Signature Page to Revolving Credit Agreement

 

 

	 	 	 	 	 
	 	UBS LOAN FINANCE LLC, as a Lender

 	 
	 	By:  	/s/ Irja R. Osta
 	 
	 	 	     Name:  	Irja R. Osta 	 
	 	 	     Title:  	Associate Director 	 
	 
	 	 	 
	 	By:  	                                              /s/ Marie Haddad
 	 
	 	 	     Name:  	Marie Haddad 	 
	 	 	     Title:  	Associate Director 	 
	 

Signature Page to Revolving Credit Agreement

 

 

SCHEDULE 1.01

MANDATORY COST FORMULAE

     1. The Mandatory Cost (to the extent applicable) is an addition to the interest rate to
compensate Lenders for the cost of compliance with:

     (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in
either case, any other authority which replaces all or any of its functions); or

     (b) the requirements of the European Central Bank.

     2. On the first day of each Interest Period (or as soon as possible thereafter) the
Administrator shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”)
for each Lender, in accordance with the paragraphs set out below. The Mandatory Cost will be
calculated by the Administrator as a weighted average of the Lenders’ Additional Cost Rates
(weighted in proportion to the percentage participation of each Lender in the relevant Loan) and
will be expressed as a percentage rate per annum. The Administrator will, at the request of the
Company or any Lender, deliver to the Company or such Lender as the case may be, a statement
setting forth the calculation of any Mandatory Cost.

     3. The Additional Cost Rate for any Lender lending from a Lending Office in a Participating
Member State will be the percentage notified by that Lender to the Administrator. This percentage
will be certified by such Lender in its notice to the Administrator to be its reasonable
determination of the cost (expressed as a percentage of such Lender’s participation in all Loans
made from such Lending Office) of complying with the minimum reserve requirements of the European
Central Bank in respect of Loans made from that Lending Office.

     4. The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom
will be calculated by the Administrator as follows:

     (a) in relation to any Loan in Sterling:

	 	 	 	 	 
	 

	 	AB+C(B-D)+E x 0.01
	 	per cent per annum
	 
	 

	 	100 – (A+C)	 	 

     (b) in relation to any Loan in any currency other than Sterling:

	 	 	 	 	 	 	 
	 

	 	E x 0.01
	 	per cent per annum
	 

	 	 	300	 	 	 

Where:

	 	“A”	 	 is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.

 

 

	 	“B” 	 	is the percentage rate of interest (excluding the Applicable Rate, the
Mandatory Cost and any interest charged on overdue amounts pursuant to the first
sentence of Section 2.08(b) and, in the case of interest (other than on overdue
amounts) charged at the Default Rate, without counting any increase in interest rate
effected by the charging of the Default Rate) payable for the relevant Interest Period
of such Loan.
	 
	 	“C” 	 	is the percentage (if any) of Eligible Liabilities which that Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.
	 
	 	“D”	 	 is the percentage rate per annum payable by the Bank of England to the
Administrator on interest bearing Special Deposits.
	 
	 	“E” 	 	is designed to compensate Lenders for amounts payable under the Fees Rules and
is calculated by the Administrator as being the average of the most recent rates of
charge supplied by the Lenders to the Administrator pursuant to paragraph 7
below and expressed in pounds per £1,000,000.

     5. For the purposes of this Schedule:

     (a) “Eligible Liabilities” and “Special Deposits” have the meanings given to
them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate)
by the Bank of England;

     (b) “Fees Rules” means the rules on periodic fees contained in the FSA Supervision
Manual or such other law or regulation as may be in force from time to time in respect of the
payment of fees for the acceptance of deposits;

     (c) “Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity
group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee required pursuant to the
Fees Rules but taking into account any applicable discount rate); and

     (d) “Tariff Base” has the meaning given to it in, and will be calculated in accordance
with, the Fees Rules.

     6. In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5% will be included in the formula as 5 and not as 0.05). A negative result
obtained by subtracting D from B shall be taken as zero. The resulting figures shall be rounded to
four decimal places.

     7. If requested by the Administrator or the Company, each Lender with a Lending Office in the
United Kingdom or a Participating Member State shall, as soon as practicable after publication by
the Financial Services Authority, supply to the Administrator and the Company, the rate of charge
payable by such Lender to the Financial Services Authority pursuant to the Fees Rules in respect of
the relevant financial year of the Financial Services Authority (calculated for this purpose by
such Lender as being the average of the Fee Tariffs applicable to

 

 

such Lender for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base
of such Lender.

     8. Each Lender shall supply any information required by the Administrator for the purpose of
calculating its Additional Cost Rate. In particular, but without limitation, each Lender shall
supply the following information in writing on or prior to the date on which it becomes a Lender:

     (a) the jurisdiction of the Lending Office out of which it is making available its
participation in the relevant Loan; and

     (b) any other information that the Administrator may reasonably require for such purpose.

     Each Lender shall promptly notify the Administrator in writing of any change to the
information provided by it pursuant to this paragraph.

     9. The percentages of each Lender for the purpose of A and C above and the rates of charge of
each Lender for the purpose of E above shall be determined by the Administrator based upon the
information supplied to it pursuant to paragraphs 7 and 8 above and on the assumption that, unless
a Lender notifies the Administrator to the contrary, each Lender’s obligations in relation to cash
ratio deposits and Special Deposits are the same as those of a typical bank from its jurisdiction
of incorporation with a lending office in the same jurisdiction as its Lending Office.

     10. The Administrator shall have no liability to any Person if such determination results in
an Additional Cost Rate which over- or under-compensates any Lender and shall be entitled to assume
that the information provided by any Lender pursuant to paragraphs 3, 7 and 8 above is true and
correct in all respects.

     11. The Administrator shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each Lender based on the
information provided by each Lender pursuant to paragraphs 3, 7 and 8 above.

     12. Any determination by the Administrator pursuant to this Schedule in relation to a formula,
the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender shall, in the absence
of manifest error, be conclusive and binding on all parties hereto.

     13. The Administrator may from time to time, after consultation with the Company and the
Lenders, determine and notify to all parties any amendments which are required to be made to this
Schedule in order to comply with any change in law, regulation or any requirements from time to
time imposed by the Bank of England, the Financial Services Authority or the European Central Bank
(or, in any case, any other authority which replaces all or any of its functions) and any such
determination shall, in the absence of manifest error, be conclusive and binding on all parties
hereto.

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