Document:

Published CUSIP Numbers
                                                                                              
Senior
Credit Facilities: [_____________]
                                                                                                    
Revolving
Facility: [_____________]
                                                                                                  
Term
A Loan Facility: [_____________]
                                                                                                  
Term
B Loan Facility: [_____________] 

CREDIT AGREEMENT  

Dated as of December
6, 2006  

among  

OSHKOSH TRUCK
CORPORATION,  

VARIOUS FINANCIAL
INSTITUTIONS,  

JPMORGAN CHASE BANK,
N.A., as Syndication Agent,  

BMO CAPITAL MARKETS
FINANCING INC.,
LASALLE BANK, NATIONAL ASSOCIATION 
and 
SUNTRUST BANK, 
as Co-Documentation Agents, 

and  

BANK OF AMERICA, N.A., 
as Administrative
Agent, as an Issuer
and as Swing Line Lender 

BANC OF AMERICA
SECURITIES LLC                J.P. MORGAN SECURITIES INC.  

Co-Lead Arrangers and
Co-Book Managers  

TABLE OF CONTENTS 

			Page
	ARTICLE I

DEFINITIONS
	1.01	Certain Defined Terms	1 
	1.02	Other Interpretive Provisions	28 
	1.03	Accounting Principles	28 
	1.04	Currency Equivalents Generally	29 

	ARTICLE II

THE CREDITS
	2.01	The Credits	29 
	2.02	Loan Accounts	29 
	2.03	Procedure for Borrowing	30 
	2.04	Conversion and Continuation Elections	31 
	2.05	The Swing Line Loans	33 
	2.06	Procedure for Swing Line Loans	33 
	2.07	The Fronted Offshore Currency Loans	35 
	2.08	Utilization of Commitments in Offshore Currencies; Valuation	37 
	2.09	Voluntary Termination, Reduction or Increase of Revolving Commitments	39 
	2.10	Optional Prepayments	40 
	2.11	Mandatory Prepayments of Loans	41 
	2.12	Repayment	42 
	2.13	Interest	42 
	2.14	Fees	43 
	2.15	Computation of Fees and Interest	44 
	2.16	Payments by the Borrowers	44 
	2.17	Payments by the Lenders to the Agent	45 
	2.18	Sharing of Payments, Etc	45 
	2.19	Subsidiary Borrowers	46 

	ARTICLE III

THE LETTERS OF CREDIT
	3.01	The Letter of Credit Subfacility	47 
	3.02	Issuance, Amendment and Renewal of Letters of Credit	48 
	3.03	Risk Participations, Drawings and Reimbursements	50 
	3.04	Repayment of Participations	52 

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TABLE OF CONTENTS  
(continued)

Page 

			
	3.05	Role of the Issuers	52 
	3.06	Obligations Absolute	53 
	3.07	Backup Support	54 
	3.08	Letter of Credit Fees	54 
	3.09	Applicability of ISP98 and UCP	54 
	3.10	Utilization of Offshore Currencies	55 

	ARTICLE IV

TAXES, YIELD PROTECTION AND ILLEGALITY
	4.01	Taxes	55 
	4.02	Illegality	56 
	4.03	Increased Costs and Reduction of Return	57 
	4.04	Funding Losses	58 
	4.05	Inability to Determine Rates	58 
	4.06	Certificates of Lenders	59 
	4.07	Substitution of Lenders	59 
	4.08	Notice of Defaulting Lender	59 
	4.09	Survival	59 

	ARTICLE V

CONDITIONS PRECEDENT
	5.01	Conditions to Effectiveness and Initial Credit Extension	59 
	5.02	Conditions to All Credit Extensions	63 
	5.03	Initial Loans to a Subsidiary Borrower	63 

	ARTICLE VI

REPRESENTATIONS AND WARRANTIES
	6.01	Corporate Existence and Power	64 
	6.02	Corporate Authorization; No Contravention	65 
	6.03	Governmental and Third-Party Authorization	65 
	6.04	Binding Effect	65 
	6.05	Litigation	65 
	6.06	No Default	66 
	6.07	ERISA Compliance	66 

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TABLE OF CONTENTS  
(continued)

Page 

			
	6.08	Use of Proceeds; Margin Regulations	66 
	6.09	Title to Properties	67 
	6.10	Taxes	67 
	6.11	Financial Condition	67 
	6.12	Environmental Matters	67 
	6.13	Regulated Entities	67 
	6.14	Capitalization; Subsidiaries	68 
	6.15	Insurance	68 
	6.16	Subsidiary Borrower Supplements	68 
	6.17	Full Disclosure	68 
	6.18	JLG Merger	68 

	ARTICLE VII

AFFIRMATIVE COVENANTS
	7.01	Financial Statements	69 
	7.02	Certificates; Other Information	70 
	7.03	Notices	71 
	7.04	Preservation of Corporate Existence, Etc	71 
	7.05	Maintenance of Property	72 
	7.06	Insurance	72 
	7.07	Payment of Taxes	72 
	7.08	Compliance with Laws	72 
	7.09	Inspection of Property and Books and Records	72 
	7.10	Environmental Laws	73 
	7.11	Use of Proceeds	73 
	7.12	Additional Guaranties	73 
	7.13	Guarantors	73 
	7.14	Further Assurances	73 

	ARTICLE VIII

NEGATIVE COVENANTS
	8.01	Limitation on Liens	75 
	8.02	Disposition of Assets	77 

-iii- 

TABLE OF CONTENTS  
(continued)

Page 

			
	8.03	Consolidations and Mergers	78 
	8.04	Hostile Acquisitions	79 
	8.05	Securitizations; Subsidiary Indebtedness	79 
	8.06	Transactions with Affiliates	79 
	8.07	Burdensome Agreements	80 
	8.08	Amendments to Certain Documents	81 
	8.09	Restricted Payments; Prepayment of Subordinated Indebtedness	81 
	8.10	Leverage Ratio	81 
	8.11	Interest Coverage Ratio	81 

	ARTICLE IX

EVENTS OF DEFAULT
	9.01	Event of Default	81 
	9.02	Remedies	84 
	9.03	Rights Not Exclusive	84 

	ARTICLE X

THE AGENT
	10.01	Appointment and Authority	84 
	10.02	Rights as a Lender	85 
	10.03	Exculpatory Provisions	85 
	10.04	Reliance by Agent	86 
	10.05	Delegation of Duties	86 
	10.06	Resignation of Agent	86 
	10.07	Non-Reliance on Agent and Other Lenders	87 
	10.08	No Other Duties, Etc	87 
	10.09	Agent May File Proofs of Claim	87 
	10.10	Collateral and Guaranty Matters	88 
	10.11	Withholding Tax	88 

	ARTICLE XI

MISCELLANEOUS
	11.01	Amendments and Waivers	90 
	11.02	Notices	91 

-iv- 

TABLE OF CONTENTS  
(continued)

Page 

			
	11.03	No Waiver; Cumulative Remedies	92 
	11.04	Costs and Expenses; Indemnification	92 
	11.05	Marshalling; Payments Set Aside	94 
	11.06	Successors and Assigns	94 
	11.07	Assignments, Participations, Etc	95 
	11.08	Confidentiality	98 
	11.09	Set-off	99 
	11.10	Automatic Debits of Fees	100 
	11.11	Notification of Addresses, Lending Offices, Etc	100 
	11.12	Counterparts	100 
	11.13	Severability	100 
	11.14	No Third Parties Benefited	100 
	11.15	Governing Law and Jurisdiction	100 
	11.16	WAIVER OF JURY TRIAL	101 
	11.17	Judgment	101 
	11.18	Entire Agreement	102 
	11.19	USA PATRIOT Act Notice	102 

	ARTICLE XII

COMPANY GUARANTY
	12.01	The Guaranty	102 
	12.02	Insolvency	102 
	12.03	Nature of Liability	103 
	12.04	Independent Obligation	103 
	12.05	Authorization	103 
	12.06	Reliance	104 
	12.07	Subordination	104 
	12.08	Waiver	104 
	12.09	Nature of Liability	105 
	12.10	No Fiduciary or Implied Duties	105 
	12.11	Termination of Existing Credit Agreement	106 

-v- 

	SCHEDULES	 
	
Schedule 1.01(a)	Pricing Schedule
	Schedule 1.01(b)	Existing SunTrust Letters of Credit
	Schedule 1.01(c)	Existing Bank of America Letters of Credit
	Schedule 1.01(d)	Debt to be Repaid
	Schedule 2.01	Commitments and Percentages
	Schedule 2.12(b)	Amortization of Term A Loans
	Schedule 2.12(c)	Amortization of Term B Loans
	Schedule 6.07	ERISA
	Schedule 6.10	Taxes
	Schedule 6.12	Environmental Matters
	Schedule 6.14	Capitalization; Subsidiaries and Minority Interests
	Schedule 6.15	Insurance Matters
	Schedule 8.01(a)	Permitted Liens
	Schedule 8.01(b)	Restricted Properties
	Schedule 8.02	Dispositions
	Schedule 8.05	Subsidiary Indebtedness
	Schedule 8.07	Burdensome Agreements
	Schedule 11.02	Administrative Agent's Office; Certain Addresses for Notices
	
EXHIBITS
	
Exhibit A	Form of Notice of Borrowing
	Exhibit B	Form of Notice of Conversion/Continuation
	Exhibit C	Form of Compliance Certificate
	Exhibit D	Form of Assignment and Assumption
	Exhibit E	Form of Note
	Exhibit F	Form of Subsidiary Borrower Supplement
	Exhibit G	Form of Subsidiary Guaranty
	Exhibit H	Form of Offshore Currency Addendum
	Exhibit I	Form of Increase Request
	Exhibit J	Form of Pledge Agreement
	Exhibit K	Form of Security Agreement

-i- 

CREDIT AGREEMENT 

        This
CREDIT AGREEMENT is entered into as of December 6, 2006 among Oshkosh Truck Corporation, a
Wisconsin corporation (the “Company”), the financial institutions from
time to time party to this Agreement (collectively the “Lenders” and
individually each a “Lender”) and Bank of America, N.A., as
administrative agent for the Lenders. 

        WHEREAS,
the Company has requested that the Lenders make, and the Lenders have agreed to make,
certain financial accommodations to the Company and certain of its subsidiaries on the
terms and conditions set forth herein. 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I  

DEFINITIONS 

        1.01    Certain
Defined Terms.  The following terms have the following meanings: 

        “Acquisition”
means any transaction or series of related transactions for the purpose of or resulting,
directly or indirectly, in (a) the acquisition of all or substantially all of the assets
of a Person, or of any business or division of a Person, (b) the acquisition of in
excess of 50% of the capital stock, partnership interests, membership interests or other
equity interests of any Person, or otherwise causing any Person to become a Subsidiary, or
(c) a merger or consolidation or any other combination with another Person (other
than a Person that is a Subsidiary), provided that the Company or a Subsidiary is
the surviving entity. 

        “Acquisition
Subsidiary” means Steel Acquisition Corp., a Pennsylvania corporation. 

        “Additional
Lender” — see subsection 2.09(c)(ii). 

        “Administrative
Questionnaire” means an administrative questionnaire substantially in a form
supplied by the Agent. 

        “Affiliate”
means, as to any Person, any other Person which, directly or indirectly, is in control of,
is controlled by, or is under common control with, such Person. A Person shall be deemed
to control another Person if the controlling Person possesses, directly or indirectly, the
power to direct or cause the direction of the management and policies of the other Person,
whether through the ownership of voting securities, membership interests, by contract, or
otherwise. 

        “Agent”
means Bank of America in its capacity as administrative agent for the Lenders hereunder,
and any successor administrative agent arising under Section 10.06. 

        “Agent-Related
Persons” means Bank of America (and any successor administrative agent arising
under Section 10.06) and the Syndication Agent, together with their respective
Affiliates (including the Arrangers), and the officers, directors, employees, agents and
attorneys-in-fact of the foregoing. 

1 

        “Agent’s
Payment Office” means the address for payments set forth on Schedule
11.02, or such other address as the Agent may from time to time specify. 

        “Aggregate
Revolving Commitment” means the aggregate amount of the Revolving Commitments of
the Lenders. 

        “Agreement”
means this Credit Agreement. 

        “Agreement
Currency” has the meaning specified in Section 11.17. 

        “Alternate Currency”
means any Offshore Currency (and any other currency which is at the relevant time freely
traded in the offshore interbank foreign exchange markets and is freely transferable and
freely convertible into Dollars) which, as applicable, (a) the applicable Borrower
requests the applicable Fronting Lender to include as an Alternate Currency hereunder and
which is acceptable to the applicable Fronting Lender and with respect to which an
Offshore Currency Addendum has been executed by a Subsidiary Borrower or the Company and
the applicable Fronting Lender in connection therewith or (b) a Borrower requests as the
currency in which a Letter of Credit is to be denominated and which is acceptable to the
Issuer thereof. 

        “Applicable
Base Rate Margin” — see Schedule 1.01(a). 

        “Applicable
Commitment Fee Percentage” — see Schedule 1.01(a). 

        “Applicable
Currency” means, as to any particular Letter of Credit or Loan, Dollars or the
Offshore Currency or Alternate Currency in which it is denominated or payable. 

        “Applicable
LC Fee Rate” — see Schedule 1.01(a). 

        “Applicable
Offshore Rate Margin” — see Schedule 1.01(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. 

        “Arranger”
means each of BAS and J.P. Morgan Securities Inc. in its capacity as a joint lead arranger
hereunder, and “Arrangers” means both of them. 

        “Assignee”
has the meaning specified in subsection 11.07(a). 

        “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 or by affiliated
investment advisors. 

        “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
subsection 11.07(a)), and accepted by the Agent, in substantially the form of
Exhibit D or any other form approved by the Agent. 

2 

        “Attorney
Costs” means and includes all reasonable fees and disbursements of any law firm
or other external counsel. 

        “Backup
Support” means, with respect to any Letter of Credit, to Cash Collateralize such
Letter of Credit or to deliver to the Agent a letter of credit, from a financial
institution and in a form satisfactory to the Agent and the applicable Issuer, to support
the Company’s obligations with respect to such Letter of Credit. 

        “Bank
of America” means Bank of America, N.A., a national banking association. 

        “Bankruptcy
Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et
seq.). 

        “BAS”
means Banc of America Securities LLC. 

        “Base
Rate” means for any day a fluctuating rate per annum equal to (a) in the case of
Loans in Dollars, the higher of (i) the Federal Funds Rate plus 1/2 of 1%; or
(ii) 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 (b) in the case of Loans in any
Alternate Currency, the comparable rate for such Alternate Currency, as reasonably
determined by the Agent or the applicable Fronting Lender. Such “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 Loan” means a Loan or an L/C Advance that bears interest based on the Base
Rate and is denominated in Dollars. 

        “Borrower”
means either the Company or any Subsidiary Borrower. 

        “Borrowing”
means a borrowing hereunder consisting of Loans of the same Class and Type made to the
Company on the same day by the applicable Lenders or a borrowing consisting of Revolving
Loans of the same type made to a Subsidiary Borrower under Article II and, in the
case of Offshore Rate Loans, having the same Interest Period and denominated in the same
Offshore Currency. The making of either a Swing Line Loan or a Fronted Offshore Currency
Loan shall not constitute a Borrowing. 

        “Borrowing
Date” means any date on which a Borrowing occurs under Section 2.03. 

        “Business
Day” means any day other than a Saturday, Sunday or other day on which commercial
banks are authorized or required by law to close or are in fact closed, in the state where
the Agent’s Payment Office is located and, if the applicable Business Day relates to
any Offshore Rate Loan denominated in Dollars, means such a day on which dealings are
carried on in the applicable offshore dollar interbank market and, if the applicable
Business Day relates to any Offshore Rate Loan denominated in any Offshore Currency, a day
on which commercial banks are open for foreign exchange business in London, England, and
on which dealings in the relevant Offshore Currency are carried on in the applicable
offshore foreign exchange interbank market in which disbursements of or payments in such
Offshore Currency will be made or received hereunder. 

3 

        “Capital
Adequacy Regulation” means any guideline, request or directive of any central
bank or other Governmental Authority, or any other law, rule or regulation, whether or not
having the force of law, in each case, regarding capital adequacy of any bank or of any
corporation controlling a bank. 

        “Capital
Stock” means (a) in the case of a corporation, corporate stock, (b) in the case
of an association or similar business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of corporate stock, (c)
in the case of a partnership or limited liability company, partnership or membership
interests (whether general or limited) and (d) any other interest or participation that
confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person. 

        “Cash
Collateralize” means to pledge and deposit with or deliver to the Agent, for the
benefit of the Agent, the Issuers and the Revolving Lenders, as additional collateral for
the L/C Obligations, cash or deposit account balances pursuant to documentation in form
and substance reasonably satisfactory to the Agent and the Issuers (which documents are
hereby consented to by the Revolving Lenders). Derivatives of such term shall have
corresponding meanings. The Company hereby grants the Agent, for the benefit of the Agent,
the Issuers and the Revolving Lenders, a security interest in all such cash and deposit
account balances. Cash collateral shall be maintained in blocked deposit accounts at Bank
of America (which accounts shall be interest-bearing so long as no Event of Default
exists). 

        “Cash
Interest Expense” means, for any period, the sum of (a) consolidated interest
expense of the Company and its Subsidiaries for such period to the extent paid in cash and
(b) amortization during such period of costs incurred in connection with the initial
closing of any Swap Contract minus, to the extent included in calculating such sum,
(i) fees and expenses incurred in connection with the consummation of the JLG Merger, (ii)
annual administrative agency fees paid to the Agent and (iii) capitalized costs incurred
in connection with the initial closing of any Swap Contract. 

        “Change
of Control” means the occurrence of any of the following: (a) the sale, lease,
transfer, conveyance or other disposition (other than by way of merger or consolidation),
in one or a series of related transactions, of all or substantially all of the assets of
the Company and its Subsidiaries taken as a whole to any “person” (as such term
is used in Section 13(d)(3) of the Exchange Act); (b) the adoption of a plan relating to
the liquidation or dissolution of the Company; (c) the consummation of any transaction
(including any merger or consolidation) the result of which is that any “person”
(as defined above) becomes the “beneficial owner” (as such term is defined in
Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that a person shall be deemed to
have “beneficial ownership” of all securities that such person has the right to
acquire, whether such right is currently exercisable or is exercisable only upon the
occurrence of a subsequent condition), directly or indirectly of more than 30% of the
Voting Stock of the Company (measured by voting power rather than number of shares); (d)
the Company consolidates with, or merges with or into, any Person, or any Person
consolidates with, or merges with or into, the Company in any such event pursuant to a
transaction in which any of the outstanding Voting Stock of the Company is converted into
or exchanged for cash, securities or other property, other than any such transaction where
the Voting Stock of the Company outstanding immediately prior to such transaction is
converted into or exchanged for Voting Stock of the surviving or transferee Person
constituting a majority of the outstanding shares of such Voting Stock of such surviving
or transferee Person (immediately after giving effect to such issuance); or (e) during any
period of 12 consecutive calendar months (or less), commencing on the Effective Date, the
ceasing of those individuals (the “Continuing Directors”) who (i) were
directors of the Company on the first day of each such period or (ii) subsequently became
directors of the Company and whose actual election or initial nomination for election
subsequent to that date was approved by a majority of the Continuing Directors then on the
board of directors of the Company, to constitute a majority of the board of directors of
the Company. 

4 

        “Class”
means, with respect to any Loan, its characterization as a Revolving Loan, a Term A Loan
or a Term B Loan. 

        “Code”
means the Internal Revenue Code of 1986, and regulations promulgated thereunder. 

        “Collateral”
means all property and interests in property and proceeds thereof now owned or hereafter
acquired by any Loan Party in or upon which a Lien now or hereafter exists in favor of the
Guaranteed Creditors, or the Agent on behalf of the Guaranteed Creditors. 

        “Collateral
Access Agreement” means an agreement, in form and substance reasonably acceptable
to the Agent, between the Agent and a third party relating to inventory of the Company or
any other Loan Party located on the property of such third party. 

        “Collateral
Documents” means the Pledge Agreement, the Security Agreement and any other
agreement pursuant to which any Loan Party grants collateral to the Agent for the benefit
of the Guaranteed Creditors. 

        “Commitment”
means a Fronted Offshore Currency Commitment, a Revolving Commitment, a Term A Commitment,
a Term B Commitment or a Swing Line Commitment, as the context may require. 

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

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

        “Computation
Date” means (a) any day on which the Aggregate Revolving Commitment is reduced
pursuant to Section 2.09; (b) with respect to matters relating to Offshore Rate
Loans, each day on which a Borrower borrows, converts or continues any Offshore Rate Loan
and each Interest Payment Date with respect to any Offshore Rate Loan; and (c) with
respect to matters relating to any Letter of Credit, (i) the day on which such Letter of
Credit is issued and (ii) each day on which the Stated Amount of such Letter of Credit is
changed. 

5 

        “Consolidated
EBITDA” means, for any period, the consolidated net income (or net loss) of the
Company and its Subsidiaries for such period, plus (or minus, if a credit or
a negative number) the following (without duplication), in each case to the extent
included in the determination of such consolidated net income (or net loss): (a) all
amounts treated as expenses for depreciation and interest and the amortization of
intangibles of any kind; (b) all taxes on or measured by income; (c) all charges arising
from “last in first out” valuation; (d) the amount of post-retirement health
benefits accrued in such period less the amount of post-retirement health benefits
paid in such period, in an amount of up to $5,000,000; (e) all non-cash charges and not
more than $15,000,000 of cash charges, in each case arising from the write-down of fixed
assets, severance payments and relocation expenses incurred or taken with respect to
Acquisitions; (f) all non-cash charges arising from the impact of purchase accounting
inventory write-ups taken with respect to Acquisitions; (g) all charges or credits arising
from the write-off of intangible assets (without duplication of any amounts set forth in
clause (a)); (h) expenses relating to stock-based compensation plans resulting from
the application of Financial Accounting Standards Board Statement No. 123R; and (i) all
non-capitalized fees and expenses incurred in connection with the JLG Merger and recorded
prior to January 1, 2008; provided that consolidated net income (or net loss) and
each adjustment described in the foregoing clauses (a) through (i) shall be
computed (i) without giving effect to extraordinary losses or extraordinary gains; (ii)
without regard to the net income (or net loss) of Leasing Subsidiaries or to the carrying
value of the equity interest of the Company and its Subsidiaries in Leasing Subsidiaries;
and (iii) without giving effect to any dividends or other distributions received by the
Company and its Subsidiaries from Leasing Subsidiaries or any equity contributions made by
the Company and its Subsidiaries to Leasing Subsidiaries; provided, further,
that for purposes of computing Consolidated EBITDA, Acquisitions made by the Company or
any of its Subsidiaries during any relevant four-quarter period shall be deemed to have
occurred (and any Indebtedness incurred or assumed in connection therewith shall be deemed
to have been incurred or assumed) on the first day of the such period and Consolidated
EBITDA for any such period shall be calculated to include pro forma adjustments with
respect to income and expense associated with the acquired assets or entity (all
consistent with clauses (a) through (i) above). 

        “Contingent
Obligation” means, as to any Person and without duplication, any direct or
indirect liability of that Person, whether or not contingent, with or without recourse,
(a) with respect to any Indebtedness, lease, dividend, letter of credit or other
obligation (the “primary obligations”) of another Person (the
“primary obligor”), including any obligation of that Person (i) to
purchase, repurchase or otherwise acquire such primary obligations or any security
therefor, (ii) to advance or provide funds for the payment or discharge of any such
primary obligation, or to maintain working capital or equity capital of the primary
obligor or otherwise to maintain the net worth or solvency or any balance sheet item,
level of income or financial condition of the primary obligor, (iii) to purchase property,
securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary
obligation, or (iv) otherwise to assure or hold harmless the holder of any such primary
obligation against loss in respect thereof (each, a “Guaranty
Obligation”); (b) with respect to any Surety Instrument issued for the account of
that Person or as to which that Person is otherwise liable for reimbursement of drawings
or payments; (c) to purchase any materials, supplies or other property from, or to obtain
the services of, another Person if the relevant contract or other related document or
obligation requires that payment for such materials, supplies or other property, or for
such services, shall be made regardless of whether delivery of such materials, supplies or
other property is ever made or tendered, or such services are ever performed or tendered;
or (d) in respect of any Swap Contract (other than in respect of ordinary course foreign
currency hedging arrangements). The amount of any Contingent Obligation shall (v) in the
case of Guaranty Obligations of the Company and its Subsidiaries of the type described in
the third paragraph of Note 14 to JLG’s audited consolidated financial statements for
the fiscal year ended July 31, 2006, be deemed to equal 25% of such Guaranty Obligations,
(w) in the case of other Guaranty Obligations, be deemed equal to the lesser of (i) the
stated or determinable amount of the primary obligation in respect of which such Guaranty
Obligation is made or, if not stated or if indeterminable, the maximum reasonably
anticipated liability in respect thereof, and (ii) the stated amount of the guaranty, (x)
in the case of Contingent Obligations in respect of Swap Contracts, be deemed equal to the
aggregate Swap Termination Value of such Swap Contracts, (y) in the case of Contingent
Obligations in respect of Surety Instruments other than Non-Surety L/C’s, be deemed
equal to the probable amount of the expected liability thereunder, and (z) in the case of
Contingent Obligations in respect of Non-Surety L/C’s, be deemed equal to (i) the
face amount of outstanding Non-Surety L/C’s which are not Letters of Credit and (ii)
the outstanding amount of L/C Obligations in respect of Non-Surety L/C’s which are
Letters of Credit pursuant to Article III. 

6 

        “Contractual
Obligation” means, as to any Person, any provision of any security issued by such
Person or of any agreement, undertaking, contract, indenture, mortgage, deed of trust or
other instrument, document or agreement to which such Person is a party or by which it or
any of its property is bound. 

        “Conversion/Continuation
Date” means any date on which, under Section 2.04, the Company (a)
converts Revolving Loans or Term Loans of one Type to the other Type or (b) continues
Offshore Rate Loans for a new Interest Period. 

        “Credit
Extension” means and includes (a) the making of any Loan hereunder and (b) the
Issuance of any Letter of Credit hereunder. 

        “Debt
to be Repaid” means the Indebtedness listed on Schedule 1.01(d). 

        “Default”
means any event or circumstance which, with the giving of notice, the lapse of time, or
both, would (if not cured or otherwise remedied during such time) constitute an Event of
Default. 

        “Defaulting
Lender” means any Lender that (a) has failed to fund any portion of the 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, (b) has otherwise failed to pay over to the Agent 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 (c) has been deemed insolvent or become the
subject of a bankruptcy or insolvency proceeding. 

        “Disposition”
has the meaning specified in Section 8.02. 

7 

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

        “Dollar
Equivalent” means, at any time, (a) as to any amount denominated in Dollars, the
amount thereof at such time, and (b) as to any amount denominated in an Offshore Currency,
the equivalent amount in Dollars as determined by the Agent or the applicable Issuer at
such time on the basis of the Spot Rate for the purchase of Dollars with such Offshore
Currency on the most recent Computation Date. 

        “Domestic
Subsidiary” means a Subsidiary organized under the laws of (i) the United States
or any political subdivision thereof, or any agency, department or instrumentality
thereof, or (ii) any state of the United States. 

        “Effective
Date” means the date on which all conditions precedent set forth in Section
5.01 are satisfied or waived by the Required Lenders (or, in the case of subsection
5.01(i), waived by the Person entitled to receive such payment). 

        “Eligible
Assignee” means (a) a commercial bank organized under the laws of the United
States, or any state thereof, and having a combined capital and surplus of at least
$100,000,000; (b) a commercial bank organized under the laws of any other country which is
a member of the Organization for Economic Cooperation and Development, or a political
subdivision of any such country, and having a combined capital and surplus of at least
$100,000,000, provided that such bank is acting through a branch or agency located
in the United States; (c) a Person that is primarily engaged in making, purchasing,
holding or otherwise investing in commercial loans and similar extensions of credit and
that is an Affiliate of a Lender; (d) an Approved Fund; (e) a Lender; and (f) any other
entity approved by the Company (which approval shall not be required during the existence
of an Event of Default) and the Agent, such approvals in each case not to be unreasonably
withheld or delayed. 

        “Environmental
Claims” means all claims, however asserted, by any Governmental Authority or
other Person alleging potential liability or responsibility for violation of any
Environmental Law, or for release or injury to the environment or threat to public health,
personal injury (including sickness, disease or death), property damage, natural resources
damage, or otherwise alleging liability or responsibility for damages (punitive or
otherwise), investigation, cleanup, removal, remedial or response costs, restitution,
civil or criminal penalties, injunctive relief, or other type of relief, resulting from or
based upon the presence, placements, discharge, emission or release (including intentional
and unintentional, negligent and non-negligent, sudden or non-sudden, accidental or
non-accidental, placements, spills, leaks, discharges, emissions or releases) of any
Hazardous Material at, in, or from any property, whether or not owned by the Company or
any Subsidiary or taken as collateral, or in connection with any operations of the
Company. 

        “Environmental
Laws” means all federal, state, local or foreign (but only in those foreign
jurisdictions where the Company and/or any Subsidiary has material operations) laws,
statutes, common law duties, rules, regulations, ordinances and codes, together with all
administrative orders, directed duties, requests, licenses, authorizations and permits of,
and agreements with, any Governmental Authorities, in each case relating to environmental,
health, safety and land use matters, including the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, the Clean Air Act, the Federal Water Pollution
Control Act of 1972, the Solid Waste Disposal Act, the Federal Resource Conservation and
Recovery Act, the Toxic Substances Control Act and the Emergency Planning and Community
Right-to-Know Act. 

8 

        “ERISA”
means the Employee Retirement Income Security Act of 1974, and regulations promulgated
thereunder. 

        “ERISA
Affiliate” means any trade or business (whether or not incorporated) under common
control with the Company within the meaning of Section 414(b) or (c) of the Code (and
Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of
the Code). 

        “ERISA
Event” means (a) a Reportable Event with respect to a Pension Plan,
(b) a withdrawal by the Company 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 which is treated as
such a withdrawal under Section 4062(e) of ERISA, (c) a complete or partial
withdrawal by the Company or any ERISA Affiliate from a Multiemployer Plan or notification
that a Multiemployer Plan is in reorganization, in each case the liability with respect to
which has not been satisfied, (d) the filing of a notice of intent to terminate a Plan
that has any Unfunded Pension Liability, (e) the treatment of a Plan amendment that has
any Unfunded Pension Liability as a termination under Section 4041 or 4041A of ERISA, (f)
the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer
Plan, (g) an event or condition which might reasonably be expected to constitute
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 (h) the imposition of
any liability under Title IV of ERISA, other than PBGC premiums due but not delinquent
under Section 4007 of ERISA, upon the Company or any ERISA Affiliate. 

        “Eurocurrency
Reserve Percentage” has the meaning specified in the definition of “Offshore
Rate”. 

        “Event
of Default” means any of the events or circumstances specified in Section
9.01. 

        “Excess
Cash Flow” means, for any period, the excess (if any) of (a) the sum of (i)
Consolidated EBITDA (calculated without giving effect to the last proviso of the
definition thereof) for such period plus (ii) to the extent not included in the
calculation of such Consolidated EBITDA, the absolute value of any net decrease in Working
Capital during such period over (b) the sum for such period of (i) Cash Interest Expense,
(ii) voluntary prepayments of Term Loans and, to the extent accompanied by a permanent
decrease in the Revolving Commitments, Revolving Loans, (iii) mandatory prepayments of
Term Loans pursuant to Section 2.11(d)(i) or (ii), (iv) regularly scheduled
principal payments of any other long-term Indebtedness of the Company and its Subsidiaries
(including any Indebtedness that was long-term but is within one year of final maturity),
(v) the aggregate amount of all cash payments by the Company and its Subsidiaries on
account of taxes on or measured by income, (vi) cash capital expenditures actually made by
the Company and its Subsidiaries, (vii) expenditures of the type characterized as
“purchases of equipment held for rental” in JLG’s audited consolidated
financial statements for the fiscal year ended July 31, 2006 and (viii) to the extent not
included in calculating any other amount in this clause (b), any net increase in
Working Capital during such period. 

9 

        “Exchange
Act” means the Securities Exchange Act of 1934 and the regulations promulgated
thereunder. 

        “Existing
Credit Agreement” means the Credit Agreement dated as of September 29, 2004 among
the Company, various financial institutions and Bank of America, as administrative agent. 

        “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 Agent. 

        “Fee
Letter” means either fee letter referred to in subsection 2.14(a), and
“Fee Letters” means both of them. 

        “Floor
Plan Financing Facility” means any facility entered or to be entered into by the
Company or any Subsidiary pursuant to which such person may (a) incur Indebtedness to
purchase vehicles and/or related equipment from certain vendors for the prompt resale to
customers in the ordinary course of business and (b) grant a security interest in such
vehicles and/or related equipment to secure such borrowings. 

        “Foreign
Lender” has the meaning specified in subsection 10.11(a). 

        “Foreign Subsidiary”
means a Subsidiary which is not a Domestic Subsidiary. 

        “FRB”
means the Board of Governors of the Federal Reserve System, and any Governmental Authority
succeeding to any of its principal functions. 

        “Fronted
Offshore Currency Commitment” means, for any Fronting Lender for any Alternate
Currency, the obligation of such Fronting Lender to make Fronted Offshore Currency Loans
in such Alternate Currency not exceeding the Dollar Equivalent set forth in the applicable
Offshore Currency Addendum, as such amount may be modified from time to time pursuant to
the terms of this Agreement and such Offshore Currency Addendum. Any Fronted Offshore
Currency Commitment shall be a part of the Aggregate Revolving Commitment, rather than a
separate, independent commitment. 

        “Fronted
Offshore Currency Loan” means a loan made by a Fronting Lender to a Borrower
pursuant to Section 2.07 and an Offshore Currency Addendum. 

10 

        “Fronted
Offshore Currency Note” means a promissory note in such form as may be required
by the applicable Offshore Currency Addendum. 

        “Fronted
Offshore Currency Rate” means, for any day for any Fronted Offshore Currency
Loan, the per annum rate of interest determined under or as set forth in the applicable
Offshore Currency Addendum. 

        “Fronting
Lender” means any Lender (or any Affiliate, branch or agency thereof) with a
Fronted Offshore Currency Commitment to the extent it is party to an Offshore Currency
Addendum as the “Fronting Lender” thereunder. If any agency, branch or Affiliate
of such Lender shall be a party to an Offshore Currency Addendum, such agency, branch or
Affiliate shall, to the extent of any commitment extended and any Loans made by it, have
all the rights of such Lender hereunder; provided that such Lender shall, to the
exclusion of such agency, branch or Affiliate, continue to have all the voting rights
vested in it by the terms hereof. 

        “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. 

        “Further
Taxes” means any and all present or future taxes, levies, assessments, imposts,
duties, deductions, fees, withholdings or similar charges (including, net income taxes and
franchise taxes), and all liabilities with respect thereto, imposed by any jurisdiction on
account of amounts payable or paid pursuant to Section 4.01. 

        “GAAP”
means generally accepted accounting principles set forth from time to time in the opinions
and pronouncements of the Accounting Principles Board and the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards Board (or agencies with similar functions of comparable stature and authority
within the U.S. accounting profession), which are applicable to the circumstances as of
the date of determination. 

        “Governmental
Authority” means (a) any nation or government, any state or other political
subdivision thereof, any central bank (or similar monetary or regulatory authority)
thereof, any entity exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to government, and any corporation or other
entity owned or controlled, through stock or capital ownership or otherwise, by any of the
foregoing, and (b) the National Association of Insurance Commissioners. 

        “Guaranteed
Creditors” means and includes the Agent, the Lenders and each Person (other than
the Company or any of its Subsidiaries) which is a party to a Rate Swap Document if such
Person is or at the time of entry into such Rate Swap Document was a Lender or an
Affiliate of a Lender. 

11 

        “Guaranteed
Obligations” means (a) the full and prompt payment when due (whether at the
stated maturity, by acceleration or otherwise) of the principal and interest (whether such
interest is allowed as a claim in a bankruptcy proceeding with respect to any Subsidiary
Borrower or otherwise) of each Loan made under this Agreement to any Subsidiary Borrower,
together with all other Obligations (including obligations which, but for the automatic
stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities
(including indemnities, fees and interest thereon) of any Subsidiary Borrower to the Agent
or any Lender now existing or hereafter incurred under, arising out of or in connection
with this Agreement or any other Loan Documents and the due performance and compliance
with all terms, conditions and agreements contained in the Loan Documents by any
Subsidiary Borrower and (b) the full and prompt payment when due (whether by acceleration
or otherwise) of all Obligations (including obligations which, but for the automatic stay
under Section 362(a) of the Bankruptcy Code or similar proceeding under applicable law,
would become due) of the Company or any Subsidiary owing under any Rate Swap Document
entered into by the Company or any Subsidiary with any Lender or any Affiliate thereof
(even if such Lender subsequently ceases to be a Lender under this Agreement for any
reason) so long as such Lender or Affiliate participates in such Rate Swap Document and
their subsequent assigns, if any, whether now in existence or hereafter arising, and the
due performance and compliance with all terms, conditions and agreements contained
therein. 

        “Guarantor”
means, at any time, any Subsidiary that is a party to the Subsidiary Guaranty at such
time. 

        “Guaranty
Obligation” has the meaning specified in the definition of “Contingent
Obligation.” 

        “Hazardous
Materials” means all those substances that are regulated by, or which may form
the basis of liability or a standard of conduct under, any Environmental Law, including
any substance identified under any Environmental Law as a pollutant, contaminant,
hazardous waste, hazardous constituent, special waste, hazardous substance, hazardous
material, or toxic substance, or petroleum or petroleum-derived substance or waste. 

        “Honor
Date” has the meaning specified in subsection 3.03(b). 

        “Indebtedness”
of any Person means, without duplication, (a) all indebtedness for borrowed money and all
Securitization Obligations; (b) all obligations issued, undertaken or assumed as the
deferred purchase price of property or services (other than (i) trade and similar accounts
payable and accrued expenses, in each case arising in the ordinary course of business, and
(ii) accrued pension costs and other employee benefit and compensation obligations arising
in the ordinary course of business); (c) all Contingent Obligations with respect to Surety
Instruments (other than trade letters of credit); (d) all obligations evidenced by
notes, bonds, debentures or similar instruments, including obligations so evidenced
incurred in connection with the acquisition of property, assets or businesses; (e) all
indebtedness created or arising under any conditional sale or other title retention
agreement, or incurred as financing, in either case with respect to property acquired by
the Person (even though the rights and remedies of the seller or bank under such agreement
in the event of default are limited to repossession or sale of such property); (f) all
obligations with respect to capital leases; (g) all indebtedness referred to in
subsections (a) through (f) above secured by (or for which the holder of
such Indebtedness has an existing right, contingent or otherwise, to be secured by) any
Lien upon or in property (including accounts and contract rights) owned by such Person,
even though such Person has not assumed or become liable for the payment of such
Indebtedness; and (h) all Guaranty Obligations in respect of indebtedness or obligations
of others of the kinds referred to in subsections (a) through (g) above;
provided that “Indebtedness” shall not include (1) Guaranty Obligations
of the Company with respect to up to $5,000,000 of Indebtedness of Leasing Subsidiaries,
(2) Indebtedness owing to the Company by any Subsidiary or Indebtedness owing to any
Subsidiary by the Company or another Subsidiary, (3) any customary earnout or holdback in
connection with Acquisitions permitted by Section 8.04, (4) any indebtedness
incurred by the Company or any Subsidiary pursuant to any Floor Plan Financing Facility to
the extent that it shall be non-interest bearing, (5) any obligation incurred by the
Company or any Subsidiary in the ordinary course of business to make payments to a floor
plan financer of a distributor of the Company or such Subsidiary as an incentive for such
financer to provide more favorable payment terms to such distributor, (6) any obligations
of the Company or its Subsidiaries in respect of customer advances received and held in
the ordinary course of business or (7) performance bonds or performance guaranties (or
bank guaranties or letters of credit in lieu thereof) entered into in the ordinary course
of business. If any of the foregoing Indebtedness is limited to recourse against a
particular asset or assets of such Person, the amount of the corresponding Indebtedness
shall be equal to the lesser of the amount of such Indebtedness and the fair market value
of such asset or assets at the date for determination of the amount of such Indebtedness.
For all purposes of this Agreement, (A) the Indebtedness of any Person shall include all
recourse Indebtedness of any partnership or joint venture or limited liability company in
which such Person is a general partner or a joint venturer or a member and as to which
such Person is or may become directly liable and (B) the amount of Indebtedness of the
Company and its Subsidiaries hereunder shall be calculated without duplication of Guaranty
Obligations of the Company or any Subsidiary in respect thereof. 

12 

        “Indemnitee”
has the meaning specified in subsection 11.04(b). 

        “Independent
Auditor” has the meaning specified in subsection 7.01(a). 

        “Insolvency
Proceeding” means, with respect to any Person, (a) any case, action or proceeding
with respect to such Person before any court or other Governmental Authority relating to
bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up
or relief of debtors, or (b) any general assignment for the benefit of creditors,
composition, marshalling of assets for creditors, or other, similar arrangement in respect
of its creditors generally or any substantial portion of its creditors, in each case,
undertaken under U.S. Federal, state or foreign law, including the Bankruptcy Code. 

        “Interest
Coverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated EBITDA for the period of four fiscal quarters ending on such date to (b) Cash
Interest Expense for such period. 

        “Interest
Payment Date” means, as to any Offshore Rate Loan, the last day of each Interest
Period applicable to such Loan and, as to any Base Rate Loan, the last Business Day of
each calendar quarter; provided that if any Interest Period for an Offshore Rate
Loan exceeds three months, the date that falls three months after the beginning of such
Interest Period and after each Interest Payment Date thereafter is also an Interest
Payment Date. 

13 

        “Interest
Period” means, as to any Fronted Offshore Currency Loan, the Interest Period as
set forth in, or determined in accordance with, the applicable Offshore Currency Addendum
and, as to any other Offshore Rate Loan, the period commencing on the Borrowing Date of
such Loan or on the Conversion/Continuation Date on which the Loan is converted into or
continued as an Offshore Rate Loan, and ending on the date one, two, three or six (or, if
all applicable Lenders agree, nine or twelve) months thereafter as selected by a Borrower
in its Notice of Borrowing or Notice of Conversion/Continuation, or such other period as
required by the Company and agreed to by all applicable Lenders; provided that: 

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

        (c)              no
Interest Period for any Revolving Loan shall extend beyond the scheduled
          Revolving Maturity Date;  

        (d)              no
Interest Period for a Term A Loan shall extend beyond the scheduled Term A
          Maturity Date; and  

        (e)              no
Interest Period for a Term B Loan shall extend beyond the scheduled Term B
          Maturity Date.  

        “Internal
Control Event” means a material weakness in the Company’s internal controls
over financial reporting as described in the Securities Laws. 

        “IRS”
means the Internal Revenue Service, and any Governmental Authority succeeding to any of
its principal functions under the Code. 

        “ISP98”
has the meaning specified in Section 3.09. 

        “Issuance
Date” has the meaning specified in subsection 3.01(a). 

        “Issue”
means, with respect to any Letter of Credit, to issue or to extend the expiry of, or to
renew or increase the amount of, such Letter of Credit; and the terms
“Issued,” “Issuing” and “Issuance” have
corresponding meanings. 

        “Issuer”
means (a) with respect to any Letter of Credit listed on Schedule 1.01(b), SunTrust
Bank, (b) with respect to any Letter of Credit listed on Schedule 1.01(c), Bank of
America, and (c) with respect to any other Letter of Credit, Bank of America or any other
Revolving Lender selected by the Company and approved by the Agent (such approval not to
be unreasonably withheld or delayed) that has agreed to act as issuer of such Letter of
Credit hereunder. 

14 

        “JLG”
means JLG Industries, Inc., a Pennsylvania corporation. 

        “JLG
Merger” means the merger of the Acquisition Subsidiary with and into JLG pursuant
to the JLG Merger Documents. 

        “JLG
Merger Agreement” means the Agreement and Plan of Merger dated October 15, 2006
among JLG, the Acquisition Subsidiary and the Company, including all schedules, annexes
and exhibits thereto. 

        “JLG
Merger Documents” means, collectively, (a) the JLG Merger Agreement and (b) the
Confidentiality Agreement (as defined in the JLG Merger Agreement). 

        “Judgment
Currency” has the meaning specified in Section 11.17. 

        “L/C
Advance” means each Revolving Lender’s participation in any L/C Borrowing in
accordance with its Revolving Percentage. 

        “L/C
Amendment Application” means an application form for amendment of outstanding
standby or commercial documentary letters of credit as shall at any time be in use by the
applicable Issuer, with such modifications as the Company and such Issuer may reasonably
approve. 

        “L/C
Application” means an application form for issuances of standby or commercial
documentary letters of credit as shall at any time be in use by the applicable Issuer,
with such modifications as the Company and such Issuer may reasonably approve. 

        “L/C
Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which shall not have been reimbursed on the date when made or converted into a
Borrowing of Revolving Loans under subsection 3.03(a). 

        “L/C
Commitment” means the commitment of the Issuers to Issue, and the commitment of
the Revolving Lenders severally to participate in, Letters of Credit from time to time
Issued or outstanding under Article III, in an aggregate amount not to exceed on
any date the Aggregate Revolving Commitment. The L/C Commitment is a part of the Aggregate
Revolving Commitment, rather than a separate, independent commitment. 

        “L/C
Obligations” means at any time the sum of (a) the Stated Amount of all
outstanding Letters of Credit plus (b) the Dollar Equivalent amount of all
unreimbursed drawings under all Letters of Credit, including all outstanding L/C
Borrowings. 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 ISP98, such Letter of Credit shall be deemed to be
“outstanding” in the amount so remaining available to be drawn. 

15 

        “L/C-Related
Documents” means the Letters of Credit, the L/C Applications, the L/C Amendment
Applications and any other document relating to any Letter of Credit, including any
standard form document used by any Issuer for letter of credit issuances. 

        “Lead
Agents” means, collectively, the Agent, the Syndication Agent and the Arrangers,
and “Lead Agent” means any of them. 

        “Lease
Assets” means, with respect to any lease, all of the following property and
interests in property whether now existing or existing in the future or hereafter acquired
or arising: (a) all vehicles or equipment manufactured, refurbished or sold by the Company
or any of its Subsidiaries (and truck chassis, cement block boom trucks and similar
vehicles manufactured or refurbished by third parties) and acquired by a Leasing
Subsidiary in connection with such assets being leased to a third party; (b) all leases
and other contracts or agreements relating to the lease financing by a customer of
vehicles or equipment manufactured, refurbished or sold by the Company or any of its
Subsidiaries; (c) all accounts receivable and other obligations incurred by lessees in
connection with the foregoing, no matter how evidenced; (d) all rights to any vehicles or
equipment subject to any of the foregoing after or in connection with creation of the
foregoing, including returned or repossessed goods; (e) all reserves and credit balances
with respect to any such lease contracts or agreements or lessees; (f) all letters of
credit, security or guarantees for any of the foregoing; (g) all insurance policies or
reports relating to any of the foregoing; and (h) all books and records relating to any of
the foregoing. 

        “Leasing
Subsidiary” means Oshkosh/McNeilus Financial Services, Inc., Oshkosh McNeilus
Financial Services Partnership, Oshkosh Equipment Finance, L.L.C. and any other Subsidiary
that is designated by the Board of Directors of the Company as a Leasing Subsidiary and
that is exclusively engaged in Leasing Transactions and activities related thereto. If at
any time any Leasing Subsidiary should engage in a material transaction or activity other
than those described above, it shall thereafter cease to be a Leasing Subsidiary
hereunder. 

        “Leasing
Transaction” means (a) the formation of Leasing Subsidiaries (whether in one or a
series of related transactions), (b) the sale, lease or other disposition to a third party
of Lease Assets or an interest therein, (c) the borrowing of money secured by Lease Assets
or (d) the sale or other disposition of Lease Assets or an interest therein to a Leasing
Subsidiary followed by a financing transaction in connection with such sale or disposition
of such Lease Assets (whether such financing transaction is effected by such Leasing
Subsidiary or by a third party to whom such Leasing Subsidiary sells such Lease Assets or
interest therein). 

        “Lender”
has the meaning specified in the introductory clause hereto. 

        “Lending
Office” means, as to any Lender, the office or offices of such Lender specified
as its “Lending Office” or “Domestic Lending Office” or “Offshore
Lending Office”, as the case may be, on Schedule 11.02, or such other office
or offices as such Lender may from time to time notify the Company and the Agent. 

        “Letter
of Credit” means (i) the existing letters of credit set forth on Schedules
1.01(b) and (c) and (ii) any letter of credit Issued by an Issuer pursuant to
Article III. 

16 

        “Leverage
Ratio” means, as of any date of determination, the ratio of (a) all Indebtedness
of the Company and its Subsidiaries (other than Leasing Subsidiaries) determined on a
consolidated basis as of such date (excluding (i) Contingent Obligations in respect of
Swap Contracts and (ii) to the extent included in calculating Contingent Obligations by
operation of clause (v) of the last sentence of the definition thereof, outstanding
Indebtedness of the type characterized as “limited recourse debt” in JLG’s
report on Form 10-K for its fiscal year ended July 31, 2006) to (b) Consolidated EBITDA
for the period of four fiscal quarters ending on such date. 

        “Lien”
means any security interest, mortgage, deed of trust, pledge, hypothecation, assignment
for security, charge or deposit arrangement, encumbrance, lien (statutory or other) or
similar interest of any kind or nature whatsoever in respect of any property (including
those created by, arising under or evidenced by any conditional sale or other title
retention agreement, the interest of a lessor under a capital lease, any financing lease
having substantially the same economic effect as any of the foregoing and any contingent
or other agreement to provide any of the foregoing, but not including the interest of a
lessor under an operating lease. 

        “Loan”
means an extension of credit by a Lender to a Borrower under Article II or
Article III in the form of a Revolving Loan, a Swing Line Loan, a Fronted Offshore
Currency Loan, a Term A Loan, a Term B Loan or an L/C Advance, as the context requires. 

        “Loan
Documents” means this Agreement, the Notes, the Fee Letters, the L/C-Related
Documents, the Subsidiary Guaranty, the Collateral Documents, the Rate Swap Documents and
all other documents delivered to the Agent or any Lender in connection herewith. 

        “Loan
Party” means the Company, any Subsidiary Borrower or any Guarantor. 

        “local
time” means (a) with respect to any Loan, the time of the office of the Agent or
the applicable Fronting Lender to which payment of such Loan is to be made, and (b) with
respect to any Letter of Credit, the time of the issuing office of the Issuer of such
Letter of Credit. 

        “Margin
Stock” means “margin stock” as such term is defined in Regulation T, U
or X of the FRB. 

        “Material
Adverse Effect” means (a) a material adverse change in, or a material adverse
effect upon, the business, assets, liabilities (actual or contingent), consolidated
results of operations or consolidated financial condition of (i) the Loan Parties, taken
as a whole, or (ii) the Company and its Subsidiaries taken as a whole, (b) a material
impairment of the ability of any Loan Party to perform its obligations under any Loan
Document or (c) a material adverse effect upon the legality, validity, binding effect or
enforceability against any Loan Party of any Loan Document. 

        “Material
Domestic Subsidiary” means, at any time, each Domestic Subsidiary other than (a)
any Domestic Subsidiary with total (gross) revenues for the preceding four fiscal quarter
period less than 10% of the total (gross) revenues of the Company and its Domestic
Subsidiaries (excluding Leasing Subsidiaries) for such period based upon the
Company’s most recent annual or quarterly financial statements delivered to the Agent
pursuant to Section 7.01, (b) any Leasing Subsidiary, (c) any Securitization
Subsidiary and (d) any captive insurance company Subsidiary. 

17 

        “Material
Foreign Subsidiary” means, at any time, each Foreign Subsidiary other than any
Foreign Subsidiary with total (gross) revenues for the preceding four fiscal quarter
period less than 10% of the total (gross) revenues of the Company and its Subsidiaries for
such period based upon the Company’s most recent annual or quarterly financial
statements delivered to the Agent pursuant to Section 7.01. 

        “Material
Subsidiary” means a Material Domestic Subsidiary or a Material Foreign
Subsidiary. 

        “Multiemployer
Plan” means a “multiemployer plan”, within the meaning of Section
4001(a)(3) of ERISA, to which the Company or any ERISA Affiliate makes, is making, or is
obligated to make contributions or, during the preceding three calendar years, has made,
or been obligated to make, contributions. 

        “Net
Cash Proceeds” means: 

        (a)             with
respect to any Disposition, the aggregate cash proceeds (including cash
          proceeds received by way of deferred payment of principal pursuant to a note,
          installment receivable or otherwise, but only as and when received) received by
          the Company or any Subsidiary pursuant to such Disposition, net of (i) the
          direct costs relating to such Disposition (including sales commissions and
          legal, accounting and investment banking fees), (ii) taxes paid or reasonably
          estimated by the Company to be payable as a result thereof (after taking into
          account any available tax credits or deductions (including deductions in
respect           of withholding taxes that are or would be payable upon repatriation of
such           proceeds to the United States) and any tax sharing arrangements), (iii)
amounts           required to be applied to the repayment of any Indebtedness secured by
a Lien on           the asset subject to such Disposition (other than Indebtedness
hereunder), (iv)           the amount of any reserve established in accordance with GAAP
in respect of (x)           the sale price of the asset subject to such Disposition or
(y) liabilities           associated with such asset that are retained by the Company or
such Subsidiary,           including pension and post-employment benefit liabilities,
liabilities related           to environmental matters and indemnification obligations,
in each case to the           extent described in reasonable detail in a certificate
provided by a Responsible           Officer promptly following consummation of such
Disposition, and (v) proceeds           that the Company specifies in writing at the time
of such Disposition will be           (and in fact are) either (x) reinvested by the
Company or the applicable           Subsidiary (A) in revenue-producing (whether directly
or indirectly) assets or           (B) in the case of any Disposition of real estate, in
fixed assets useful in the           business of the Company or the applicable
Subsidiary, in each case within 180           days following such Disposition (or, if the
Company or such Subsidiary has           within such 180-day period entered into a valid
contract to reinvest such           proceeds, (1) within 12 months following such
Disposition if such proceeds are           to be reinvested in real property or (2)
within 210 days following such           Disposition if such proceeds are to be
reinvested in assets other than real           property) or (y) applied towards the
purchase price of an Acquisition otherwise           permitted pursuant to the terms of
this Agreement within 180 days of such           Disposition; and  

18 

        (b)             with
respect to any issuance of Indebtedness, the aggregate cash proceeds           received
by the Company or any Subsidiary pursuant to such issuance, net of (i)           the
direct costs relating to such issuance (including sales and           underwriter’s
discounts and commissions and legal, accounting and           investment banking fees)
and (ii) deductions in respect of withholding taxes           that are or would be
payable upon repatriation of such proceeds to the United           States.  

        “Net
Worth” means the shareholders’ equity of the Company as determined in
accordance with GAAP, but excluding any portion thereof in excess of $25,000,000
attributable to the equity interest of the Company and its Subsidiaries in Leasing
Subsidiaries. 

        “Non-Material
Foreign Subsidiary” means a Foreign Subsidiary which is not a Material Foreign
Subsidiary. 

        “Non-Surety
L/C’s” means letters of credit which are not Surety L/C’s. 

        “Note”
has the meaning specified in subsection 2.02(b). 

        “Notice
of Borrowing” means a notice in substantially the form of Exhibit A. 

        “Notice of
Conversion/Continuation” means a notice in substantially the form of
Exhibit B. 

        “Obligations”
means all advances, debts, liabilities, obligations, covenants and duties arising under
any Loan Document owing by the Company and each Subsidiary Borrower to any Lender, any
Affiliate of a Lender that is a party to a Rate Swap Document, the Agent or any other
Indemnitee, whether direct or indirect (including those acquired by assignment), absolute
or contingent, due or to become due, or now existing or hereafter arising. 

        “Offshore
Currency” means at any time, Euro, Japanese Yen, Pounds Sterling, Australian
Dollars, Mexican Pesos, Canadian Dollars or Swedish Kronor and, from and after the time of
such approval, any other currency requested by the Company and approved by each Revolving
Lender in accordance with subsection 2.08(e). 

        “Offshore
Currency Addendum” means an addendum substantially in the form of Exhibit
H with such modifications thereto as shall be approved by the applicable Fronting
Lender, the Company and the Agent. 

        “Offshore
Currency Loan” means any Offshore Rate Loan denominated in an Offshore Currency. 

        “Offshore Rate”
means, for any Interest Period, with respect to Offshore Rate Loans comprising part of the
same Borrowing or any Fronted Offshore Currency Loan, as applicable, the rate of interest
per annum (rounded upward to the next 1/100th of 1%) determined by the Agent as follows: 

	Offshore Rate =	Offshore Base Rate

		1.00 - Eurocurrency Reserve Percentage

	 	
Where: 

19 

	 	        “Eurocurrency
Reserve Percentage” means, for any day during any Interest Period, the reserve
percentage (expressed as a decimal, carried out to five decimal places) in effect on such
day, whether or not applicable to any Lender, under regulations issued from time to time
by the FRB for determining the maximum reserve requirement (including any emergency,
supplemental or other marginal reserve requirement) with respect to Eurocurrency funding
(currently referred to as “Eurocurrency liabilities”); and 

	 	        “Offshore
Base Rate” means, for any Interest Period with respect to an Offshore Rate Loan,
the rate per annum equal to the British Bankers Association LIBOR Rate (“BBA
LIBOR”), as published by Reuters (or other commercially available source
providing quotations of BBA LIBOR as designated by the Agent from time to time) at
approximately 11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period, 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 “Offshore Base Rate” for such
Interest Period shall be the rate per annum determined by the Agent 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 Offshore 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. 

        The
Offshore Rate shall be adjusted automatically as to all Offshore Rate Loans then
outstanding as of the effective date of any change in the Eurocurrency Reserve Percentage. 

        “Offshore
Rate Loan” means a Loan that bears interest based on the Offshore Rate, which may
be denominated in Dollars or, in the case of a Revolving Loan, any Offshore Currency. 

        “Organization
Documents” means, for any corporation or other organization, as applicable, the
certificate or articles of incorporation or formation, the bylaws, limited partnership
agreement, limited liability company agreement, any certificate of determination or
instrument relating to the rights of preferred shareholders of such corporation and any
shareholder rights agreement or other similar agreement. 

        “Other
Taxes” means any present or future stamp, court or documentary taxes or any other
excise or property taxes, charges or similar levies which arise from any payment made
hereunder or from the execution, delivery, performance, enforcement or registration of, or
otherwise with respect to, this Agreement or any other Loan Documents. 

        “Participant”
has the meaning specified in subsection 11.07(c). 

        “PBGC”
means the Pension Benefit Guaranty Corporation, or any Governmental Authority succeeding
to any of its principal functions under ERISA. 

20 

        “PCAOB”
means the Public Company Accounting Oversight Board. 

        “Pension
Plan” means a pension plan (as defined in Section 3(2) of ERISA) subject to Title
IV of ERISA which the Company or any ERISA Affiliate sponsors, maintains, or to which it
makes, is making, or is obligated to make contributions, or otherwise has any liability,
or in the case of a multiple employer plan (as described in Section 4064(a) of ERISA) has
made contributions at any time during the immediately preceding five plan years. 

        “Percentage”
means a Revolving Percentage, a Term A Percentage or a Term B Percentage, as the context
requires. 

        “Permitted
Acquired Debt” means Indebtedness of the Company or any Subsidiary assumed in
connection with, or owing by an acquired entity at the time of, an Acquisition so long as
(a) such Acquisition is permitted hereunder and (b) such Indebtedness (excluding
Indebtedness of JLG and its Subsidiaries) (i) remains outstanding no more than 180 days
after the consummation of such Acquisition or (ii)(x)(A) is not subject to prepayment or
(B) is subject to prepayment with penalty and (y) does not at any time exceed an amount
equal to 5% of the consolidated tangible assets of the Company and its Subsidiaries. 

        “Permitted
Liens” has the meaning specified in Section 8.01. 

        “Permitted Securitization”
means any program providing for (a) the sale, contribution and/or transfer to a
Securitization Subsidiary, in one or more related and substantially concurrent
transactions, of accounts receivable, general intangibles, chattel paper or other
financial assets (including rights in respect of capitalized leases) and related rights of
the Company or any Subsidiary in transactions intended to constitute (and opined by
nationally-recognized outside legal counsel in connection therewith to constitute) true
sales or true contributions to such Securitization Subsidiary and (b) the provision of
financing secured by the assets so sold, whether in the form of secured loans or the
acquisition of undivided interests in such assets. 

        “Person”
means an individual, partnership, corporation, limited liability company, business trust,
joint stock company, trust, unincorporated association, joint venture or Governmental
Authority. 

        “Plan”
means an employee benefit plan (as defined in Section 3(3) of ERISA) which the Company or
any ERISA Affiliate sponsors or maintains or to which the Company or any ERISA Affiliate
makes, is making, or is obligated to make contributions or otherwise has any liability,
and includes any Pension Plan. 

        “Pledge
Agreement” means a pledge agreement among the Company, various other Loan Parties
and the Agent substantially in the form of Exhibit J. 

        “Rate
Swap Documents” means, collectively, all Swap Contracts entered into between (a)
the Company or any Subsidiary and (b) any Lender (or any Affiliate thereof). 

21 

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

        “Remarketing
Agreements” means agreements guaranteeing the residual or future resale value of
products sold or leased by the Company or any Subsidiary. 

        “Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA or the
regulations thereunder, other than any such event for which the 30-day notice requirement
under ERISA has been waived in regulations issued by the PBGC. 

        “Required
Lenders” means at any time Lenders having aggregate Total Percentages in excess
of 50%. 

        “Required
Revolving Lenders” means at any time Revolving Lenders having aggregate Revolving
Percentages in excess of 50%. 

        “Required
Term A Lenders” means at any time Term A Lenders having aggregate Term A
Percentages in excess of 50%. 

        “Required
Term B Lenders” means at any time Term B Lenders having aggregate Term B
Percentages in excess of 50%. 

        “Requirement
of Law” means, as to any Person, any law (statutory or common), treaty, rule or
regulation or determination of an arbitrator or of a Governmental Authority, in each case
applicable to or binding upon the Person or any of its property or to which the Person or
any of its property is subject. 

        “Responsible
Officer” means the chief executive officer, the president, the chief financial
officer, the treasurer or the controller of the Company, or any other officer having
substantially the same authority and responsibility, and, for purposes of subsections
7.03, 9.01(b), 9.01(c) and 9.01(i), shall also include the
general counsel of the Company. 

        “Restricted
Payment” means any dividend or other distribution (whether in cash, securities or
other property) with respect to any capital stock or other equity interest of any Person
or any of its Subsidiaries, or any payment (whether in cash, securities or other
property), including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, defeasance, acquisition, cancellation or termination of any such
capital stock or other equity interest, or on account of any return of capital to any
Person’s stockholders, partners or members (or the equivalent of any thereof), or any
option, warrant or other right to acquire any such dividend or other distribution or
payment. 

        “Revolving
Commitment” means, for any Revolving Lender, the amount set forth on Schedule
2.01 under the heading “Revolving Commitment”, as such amount may be reduced
or increased pursuant to Section 2.09 or as a result of one or more assignments
pursuant to Section 11.07. 

        “Revolving
Lender” means any Lender having a Revolving Commitment. 

22 

        “Revolving Loan”
has the meaning specified in Section 2.01(a). 

        “Revolving
Maturity Date” means the earlier to occur of (a) December 6, 2011 and (b) the
date on which the Revolving Loans become due and payable pursuant to Section 9.02. 

        “Revolving
Percentage” means, as to any Lender, the percentage which (a) the Revolving
Commitment of such Lender (or, after termination of the Revolving Commitments, the
principal amount of such Lender’s Revolving Loans plus such Lender’s
participation interests in the principal amount of all Swing Line Loans and the Stated
Amount of all Letters of Credit) is of (b) the Aggregate Revolving Commitment (or, after
termination of the Revolving Commitments, the Total Revolving Usage); provided
that, if and so long as any Lender is a Defaulting Lender, such Lender’s Revolving
Percentage shall be deemed for purposes of this definition to be reduced to the extent of
the defaulted amount and the Revolving Percentage of the applicable Issuer or the Swing
Line Lender, as applicable, shall be deemed for purposes of this definition to be
increased to such extent. 

        “Revolving
Termination Date” means the earlier to occur of: 

        (a)    December
6, 2011; and 

        (b)              the
date on which the Revolving Commitments terminate (or are reduced to zero)           in
accordance with the provisions of this Agreement.  

        “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
Offshore Currency, same day or other funds as may be determined by the Agent to be
customary in the place of disbursement or payment for the settlement of international
banking transactions in the relevant Offshore Currency. 

        “Sarbanes-Oxley”
means the Sarbanes-Oxley Act of 2002. 

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

        “Securities
Laws” means the Securities Act of 1933, the Securities Exchange Act of 1934,
Sarbanes-Oxley, and the applicable accounting and auditing principles, rules, standards
and practices promulgated, approved or incorporated by the SEC or the PCAOB. 

        “Securitization
Obligations” means the aggregate investment or claim held at any time by all
purchasers, assignees or transferees of (or of interests in), or holders of obligations
that are supported or secured by, accounts receivable, lease receivables and other rights
to payment in connection with Permitted Securitizations. 

        “Security
Agreement” means a security agreement among the Company, various other Loan
Parties and the Agent substantially in the form of Exhibit K. 

        “Securitization
Subsidiary” means (a) a special purpose, bankruptcy remote, directly Wholly-Owned
Subsidiary of the Company or (b) a special purpose, bankruptcy remote, Wholly-Owned
Subsidiary of any Subsidiary described in subsection (a) which in each case is
formed for the sole and exclusive purpose of engaging in activities in connection with the
purchase, contribution, transfer, sale and financing of assets and related rights in
connection with and pursuant to a Permitted Securitization. 

23 

        “Spot
Rate” for a currency means the rate determined by the Agent or the applicable
Issuer to be the rate quoted by Bank of America 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., local time, on the date two Business Days
prior to the date as of which the foreign exchange computation is made; provided
that the Agent or the applicable Issuer may obtain such spot rate from another financial
institution designated by the Agent or such Issuer if Bank of America does not have as of
the date of determination a spot buying rate for any such currency. 

        “Stated
Amount” means, with respect to any Letter of Credit, the maximum Dollar
Equivalent amount available to be drawn under such Letter of Credit during the remaining
term thereof under any and all circumstances. 

        “Subsidiary”
of a Person means any corporation, association, partnership, limited liability company,
joint venture or other business entity of which more than 50% of the voting stock,
membership interests or other equity interests is owned or controlled directly or
indirectly by such Person, or one or more of the Subsidiaries of such Person, or a
combination thereof; provided that for the purposes of Articles VII and
VIII hereof (and any definitions incorporated therein) and of calculating the
Leverage Ratio and the Interest Coverage Ratio, “Subsidiary” shall exclude all
Leasing Subsidiaries. Unless the context otherwise clearly requires, references herein to
a “Subsidiary” refer to a Subsidiary of the Company. 

        “Subsidiary
Borrower” means any Foreign Subsidiary or Material Domestic Subsidiary that is
designated as a Subsidiary Borrower by the Company pursuant to Section 2.19 with
the consent of the Agent, which Subsidiary shall have delivered a Subsidiary Borrower
Supplement in accordance with Section 2.19. 

        “Subsidiary
Borrower Supplement” means a Subsidiary Borrower Supplement substantially in the
form of Exhibit F. 

        “Subsidiary
Guaranty” means, individually and collectively, the Subsidiary Guaranty
substantially in the form of Exhibit G and any other guaranty executed and
delivered by a Guarantor. 

        “Supported
Letter of Credit” means a Letter of Credit for which the Company has provided
Backup Support in an amount equal to the sum of (a) the Stated Amount of such Letter of
Credit and (b) all fees that will be payable with respect to such Letter of Credit
assuming such Letter of Credit is drawn in full on the scheduled expiration date therefor.
If a Letter of Credit is denominated in a currency other than Dollars, then the amount
specified in clause (a) shall be in the currency in which such Letter of Credit is
denominated or other arrangements shall be made so that the Agent and the Issuers are
satisfied, in their sole discretion, that the amount of Backup Support for such Letter of
Credit is sufficient to account for currency fluctuations during the remaining term of
such Letter of Credit. 

24 

        “Surety
Bonds” means all bonds issued for the account of the Company or any Subsidiary to
assure the performance thereby (or to the extent issued in the ordinary course of
business, any other Person) under any contract entered into in the ordinary course of
business. 

        “Surety
Instruments” means all letters of credit (including standby and commercial),
banker’s acceptances, bank guaranties, shipside bonds, performance bonds, Surety
Bonds, Remarketing Agreements and similar instruments. 

        “Surety
L/C’s” means letters of credit which are issued for the account of the
Company or any Subsidiary to provide credit support, in the ordinary course of business,
for (a) a contract bid by such Person, (b) the performance by such Person under any
contract, (c) any warranty extended by such Person, (d) the repayment of advance payments
made to such Person and (e) self-insurance or fully-fronted insurance with respect to the
Company or any Subsidiary. 

        “Swap
Contract” means any agreement, whether or not in writing, relating to any
transaction that is a rate swap, basis swap, forward rate transaction, commodity swap,
commodity option, equity or equity index swap or option, bond, note or bill option,
interest rate option, forward foreign exchange transaction, cap, collar or floor
transaction, currency swap, cross-currency rate swap, swaption, currency option or any
other, similar transaction (including any option to enter into any of the foregoing) or
any combination of the foregoing, and, unless the context otherwise clearly requires, any
master agreement relating to or governing any or all of the foregoing. 

        “Swap
Termination Value” means, in respect of any one or more Swap Contracts, after
taking into account the effect of any legally enforceable netting agreement relating to
such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been
closed out and termination value(s) determined in accordance therewith, such termination
value(s), and (b) for any date prior to the date referenced in subsection (a) the
amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined
by the Company based upon one or more mid-market or other readily available quotations
provided by any recognized dealer in such Swap Contracts (which may include any Lender). 

        “Swing
Line Commitment” means at any time, the obligation of the Swing Line Lender to
make Swing Line Loans pursuant to Section 2.05. The Swing Line Commitment is a part
of the Aggregate Revolving Commitment, rather than a separate, independent commitment. 

        “Swing
Line Lender” means Bank of America, in its capacity as provider of the Swing Line
Loans. 

        “Swing
Line Loan” means a Loan denominated in Dollars made by the Swing Line Lender. 

        “Swing Line
Rate” means, at any time, for any Swing Line Loan (a) prior to a request by the
Swing Line Lender for participation in such Swing Line Loan by the Revolving Lenders
pursuant to Section 2.06(b), the rate agreed to by the Company and the Swing Line
Lender with respect to such Swing Line Loan and (b) thereafter, the Base Rate plus
the Applicable Base Rate Margin. 

25 

        “Syndication
Agent” means JPMorgan Chase Bank, N.A. in its capacity as syndication agent for
the Lenders hereunder. 

        “Taxes”
means any and all present or future taxes, levies, assessments, imposts, duties,
deductions, fees, withholdings or similar charges, and all liabilities with respect
thereto, excluding, in the case of each Lender and the Agent, respectively, taxes
(including income taxes and franchise taxes) imposed on or measured by its net income by
the jurisdiction (or any political subdivision thereof) under the laws of which such
Lender or the Agent, as the case may be, is organized or maintains a lending office. 

        “Term
A Commitment” means, as to any Lender, such Lender’s obligation to fund a
Term A Loan pursuant to Section 2.01(b). The amount of the Term A Commitment of
each Lender as of the Effective Date is set forth across from such Lender’s name on
Schedule 2.01 under the heading “Term A Commitment”. 

        “Term
A Lender” means any Lender which has a Term A Commitment or, after the Effective
Date, is the holder of a Term A Loan. 

        “Term
A Loan” — see Section 2.01(b). 

        “Term A
Maturity Date” means the earlier of (a) December 6, 2011 and (b) the date on
which the Term A Loans become due and payable pursuant to Section 9.02. 

        “Term
A Percentage” means, as to any Term A Lender, the percentage which (a) the Term A
Commitment of such Lender (or, after the Effective Date, the principal amount of such
Lender’s Term A Loan) is of (b) the aggregate amount of Term A Commitments (or, after
the Effective Date, the aggregate principal amount of all Term A Loans). 

        “Term
B Commitment” means, as to any Lender, such Lender’s obligation to fund a
Term B Loan pursuant to Section 2.01(c). The amount of the Term B Commitment of
each Lender as of the Effective Date is set forth across from such Lender’s name on
Schedule 2.01 under the heading “Term B Commitment”. 

        “Term
B Lender” means any Lender which has a Term B Commitment or, after the Effective
Date, is the holder of a Term B Loan. 

        “Term
B Loan” — see Section 2.01(c). 

        “Term B
Maturity Date” means the earlier of (a) December 6, 2013 and (b) the date on
which the Term B Loans become due and payable pursuant to Section 9.02. 

        “Term
B Percentage” means, as to any Term B Lender, the percentage which (a) the Term B
Commitment of such Lender (or, after the Effective Date, the principal amount of such
Lender’s Term B Loan) is of (b) the aggregate amount of the Term B Commitments (or,
after the Effective Date, the aggregate principal amount of all Term B Loans). 

26 

        “Term
Commitment” means a Term A Commitment or a Term B Commitment, as the context
requires. 

        “Term
Loans” means, collectively, the Term A Loans and the Term B Loans, and
“Term Loan” means any of them, as the context requires. 

        “Threshold
Amount” means , at any time, 5% of Net Worth at such time. 

        “Total
Percentage” means, as to any Lender, the percentage which (a) the Revolving
Commitment of such Lender (or, after the termination of the Revolving Commitments, the sum
of the unpaid principal amount of the Revolving Loans of such Lender plus the
participations of such Lender in all Letters of Credit and Swing Line Loans) plus the
unpaid principal amount of the Term Loans of such Lender is of (b) the sum of the
Revolving Commitment (or, after the termination of the Revolving Commitments, the Total
Revolving Usage) plus the unpaid principal amount of all Term Loans; provided that
if and so long as any Lender is a Defaulting Lender, such Lender’s Total Percentage
shall be deemed for purposes of this definition to be reduced to the extent of the
defaulted amount and the Total Percentage of the applicable Issuer or the Swing Line
Lender, as applicable, shall be deemed for purposes of this definition to be increased to
such extent. 

        “Total
Revolving Usage” means, at any time, the sum at such time of (a) the Dollar
Equivalent principal amount of all outstanding Revolving Loans and Swing Line Loans
plus (b) the amount of all L/C Obligations plus (c) the aggregate amount of
all Fronted Offshore Currency Commitments. 

        “Type”
of Loan means the status of such Loan as a Base Rate Loan or an Offshore Rate Loan. 

        “UCC”
means the Uniform Commercial Code as in effect in the State of Illinois. 

        “Unfunded
Pension Liability” means, with respect to any Plan, the excess of such
Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value
of such Plan’s assets, determined in accordance with the assumptions used for funding
the Pension Plan pursuant to Section 412 of the Code for the applicable plan year. 

        “United
States” and “U.S.” each means the United States of America. 

        “Voting Stock”
of any Person as of any date means the Capital Stock of such Person that is entitled to
vote in the election of the board of directors (or other governing body) of such Person. 

        “Wholly-Owned
Subsidiary” means any corporation in which (other than directors’ qualifying
shares required by law) 100% of the capital stock of each class having ordinary voting
power, and 100% of the capital stock of every other class, in each case (or, in the case
of Persons other than corporations, membership interests or other equity interests), at
the time as of which any determination is being made, is owned, beneficially and of
record, by the Company, or by one or more of the other Wholly-Owned Subsidiaries, or both. 

27 

        “Working
Capital” means, at any time, the remainder of (a) the consolidated current assets
of the Company and its Subsidiaries (excluding cash and cash equivalents) minus (b)
the consolidated current liabilities of the Company and its Subsidiaries (excluding
Indebtedness). 

        1.02    Other
Interpretive Provisions.  

        (a)              The
meanings of defined terms are equally applicable to the singular and plural
          forms of the defined terms.  

        (b)    Section,
subsection, Schedule and Exhibit references           are to this
Agreement unless otherwise specified.  

        (c)              (i)
The term “documents” includes any and all instruments, documents,
          agreements, certificates, indentures, notices and other writings, however
          evidenced.  

	 	        (ii)              The
term “including” is not limiting and means “including without
          limitation.” 

	 	        (iii)              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.” 

        (d)              Unless
otherwise expressly provided herein, (i) references to agreements           (including
this Agreement) and other contractual instruments shall be deemed to           include
all subsequent amendments and other modifications thereto, but only to           the
extent such amendments and other modifications are not prohibited by the           terms
of any Loan Document, and (ii) references to any statute or regulation are           to
be construed as including all statutory and regulatory provisions
          consolidating, amending, replacing, supplementing or interpreting the statute
or           regulation.  

        (e)              The
captions and headings of this Agreement are for convenience of reference           only
and shall not affect the interpretation of this Agreement.  

        (f)              This
Agreement and other Loan Documents may use several different limitations,           tests
or measurements to regulate the same or similar matters. All such           limitations,
tests and measurements are cumulative and shall each be performed           in accordance
with their terms.  

        (g)              This
Agreement and the other Loan Documents are the result of negotiations among           and
have been reviewed by counsel to the Agent, the Company and the other           parties,
and are the products of all parties. Accordingly, they shall not be           construed
against the Lenders or the Agent merely because of the Agent’s or           Lenders’ involvement
in their preparation.  

        1.03    Accounting
Principles. (a) Unless the context otherwise clearly requires, all accounting terms
not expressly defined herein shall be construed, and all financial computations required
under this Agreement shall be made, in accordance with GAAP.  

28 

        (b)              References
herein to “fiscal year” and “fiscal quarter”          refer to such
fiscal periods of the Company.  

        (c)              If
any change in GAAP occurs after the date of this Agreement and such change
          results in a material variation in the method of calculation of financial
          covenants or other terms of this Agreement or in what Subsidiaries are
          consolidated for financial reporting purposes, then the Company, the Agent and
          the Lenders agree to amend such provisions of this Agreement so as to equitably
          reflect such change so that the criteria for evaluating the Company’s
          financial condition will be the same after such change as if such change had
not           occurred.  

        1.04    Currency
Equivalents Generally. For all purposes of this Agreement (but not for purposes of
the preparation of any financial statements, any schedules pertaining to Foreign
Subsidiaries or any compliance certificates delivered pursuant hereto), the equivalent in
any Offshore Currency or other currency of an amount in Dollars, and the equivalent in
Dollars of an amount in any Offshore Currency or other currency, shall be determined at
the Spot Rate.  

ARTICLE II  

THE CREDITS 

        2.01    The
Credits.  

        (a)              Each
Revolving Lender severally agrees, on the terms and conditions set forth
          herein, to make loans to the Borrowers (each such loan, a “Revolving
          Loan”) from time to time on any Business Day during the period from
the           Effective Date to the Revolving Termination Date, in Dollars and/or one or
more           Offshore Currencies to the Company or to any Subsidiary Borrower, in an
          aggregate Dollar Equivalent amount not at any time exceeding such Lender’s
          Revolving Commitment; provided that (a) the Total Revolving Usage shall
          not at any time exceed the Aggregate Revolving Commitment; and (b) the sum of
          (i) the Dollar Equivalent principal amount of all outstanding Revolving Loans
of           any Revolving Lender plus (ii) such Revolving Lender’s Revolving
          Percentage of (x) all outstanding Swing Line Loans, (y) the amount of all L/C
          Obligations and (z) the Dollar Equivalent principal amount of all Fronted
          Offshore Currency Commitments shall not at any time exceed such Revolving
          Lender’s Revolving Commitment. Subject to the foregoing and the other
terms           and conditions hereof, the Borrowers may borrow under this subsection
          2.01(a), prepay under Section 2.10 and reborrow under this subsection
2.01(a).  

        (b)              Each
Term A Lender will make a term loan (each a “Term A Loan”)           to
the Company on the Effective Date in Dollars in such Lender’s Term A
          Percentage of $500,000,000. Amounts repaid with respect to Term A Loans may not
          be reborrowed.  

        (c)              Each
Term B Lender will make a term loan (each a “Term B Loan”)           to
the Company on the Effective Date in Dollars in such Lender’s Term B
          Percentage of $2,600,000,000. Amounts repaid with respect to Term B Loans may
          not be reborrowed.  

        2.02    Loan
Accounts. (a) The Loans made by each Lender and the Letters of Credit Issued by each
Issuer shall be evidenced by one or more accounts or records maintained by such Lender or
Issuer, as the case may be, in the ordinary course of business. The accounts or records
maintained by the Agent, each Issuer and each Lender shall be conclusive absent manifest
error of the amount of the Loans made by the applicable Lenders to the Borrowers and the
Letters of Credit, and the interest and payments thereon. Any failure so to 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 Loans or any Letter of
Credit.  

29 

        (b)              Each
Borrower shall, at the request of any Lender, issue to such Lender a single
          note (each a “Note”), substantially in the form of Exhibit
          E, to evidence such Lender’s Loans to such Borrower. Each Lender may,
          instead of or in addition to maintaining a loan account, endorse on the
schedule           annexed to its Note the date, amount and maturity of each Loan made by
it and           the amount of each payment of principal made by a Borrower with respect
thereto.           Each such Lender is irrevocably authorized by the Borrowers to endorse
its Note           and each Lender’s record shall be conclusive absent manifest
error; provided that the failure of a Lender to make, or an error in making, a
          notation thereon with respect to any Loan shall not limit or otherwise affect
          the obligations of any Borrower hereunder or under any such Note to such
Lender.  

        2.03    Procedure
for Borrowing. (a) Each Borrowing shall be made upon the applicable Borrower’s
irrevocable notice delivered to the Agent in the form of a Notice of Borrowing (which
notice must be received by the Agent prior to 11:00 a.m. (local time) (i) two Business
Days prior to the requested Borrowing Date, in the case of Offshore Rate Loans
denominated in Dollars, (ii) four Business Days prior to the requested Borrowing Date, in
the case of Offshore Rate Loans denominated in a currency specified in the definition of
“Offshore Currency” on the Effective Date, (iii) the number of Business Days
determined by the Agent to be customary for its syndicated credit facilities, if such
Offshore Rate Loans are to be denominated in a currency not covered by the preceding clause
(ii), and (iv) on the requested Borrowing Date, in the case of Base Rate Loans),
specifying:  

	 	        (A)                        the
amount of such Borrowing, which shall (unless such Borrowing is being
                    requested (or deemed to be requested) pursuant to Section 2.06(b) or
3.03(b)) be (x) a Dollar Equivalent amount not less than $5,000,000 (or
                    such lesser amount agreed to by the Agent) and (y) a higher integral
multiple of                     500,000 units of the Applicable Currency;  

	 	        (B)                        the
requested Borrowing Date, which shall be a Business Day;  

	 	        (C)                        the
Class and Type of Loans comprising such Borrowing;  

	 	        (D)                        with
respect to Offshore Rate Loans, the duration of the Interest Period
                    applicable to such Loans included in such notice (and, if a Notice of
Borrowing                     fails to specify the duration of the Interest Period for
any Borrowing of                     Offshore Rate Loans, such Interest Period shall be
one month);  

	 	        (E)                        with
respect to Offshore Rate Loans, the Applicable Currency for such Borrowing;
                    and  

	 	        (F)                        the
identity of the Borrower requesting such Borrowing.  

30 

        (b)                        The
Agent will promptly notify each applicable Lender of its receipt of any
                    Notice of Borrowing and (i) in respect of Borrowings of Term A Loans,
the amount                     of such Lender’s Term A Percentage of such Borrowing,
(ii) in respect of                     Borrowings of Term B Loans, the amount of such
Lender’s Term B Percentage                     of such Borrowing, and (iii) in
respect of Borrowings of Revolving Loans (other                     than Offshore Rate
Loans to the extent covered by Section 2.08), (x) the                     amount
of such Lender’s Revolving Percentage of such Borrowing and (y) if
                    such Borrowing is in an Offshore Currency, the aggregate Dollar
Equivalent                     amount of such Borrowing and the applicable Spot Rate used
by the Agent to                     determine such aggregate Dollar Equivalent amount.
The Agent shall also give the                     Company prompt notice of the matters
referred to in clause (iii)(y) of                     the preceding sentence.  

        (c)                        Each
Lender will make the amount of its applicable Percentage of each Borrowing
                    available to the Agent for the account of the applicable Borrower at
the                     Agent’s Payment Office by 1:00 p.m. (local time) on the
Borrowing Date and                     in the Applicable Currency requested by such
Borrower in funds immediately                     available to the Agent. The proceeds of
all such Loans will then be made                     available to the applicable Borrower
by the Agent at such office by crediting                     the account of such Borrower
on the books of Bank of America with the aggregate                     of the amounts
made available to the Agent by the Lenders and in like funds as
                    received by the Agent.  

        (d)                        After
giving effect to any Borrowing, unless the Agent shall otherwise consent,
                    there may not be more than 15 different Interest Periods in effect.  

        (e)                        Each
Borrower hereby authorizes the Lenders and the Agent to accept Notices of
                    Borrowing based on telephonic notices made by any person or persons
the Agent or                     any Lender in good faith believes to be acting on behalf
of such Borrower. Each                     Borrower agrees to deliver promptly to the
Agent a written confirmation of each                     telephonic notice, signed by a
Responsible Officer or an authorized designee. If                     the written
confirmation differs in any material respect from the action taken                     by
the Agent and the Lenders, the records of the Agent and the Lenders shall
                    govern absent manifest error.  

        2.04    Conversion
and Continuation Elections. (a) Each Borrower may, with respect to Loans other than
Fronted Offshore Currency Loans, upon irrevocable notice to the Agent in accordance with
subsection 2.04(b):  

	 	        (i)              elect
to convert Loans denominated in Dollars from one Type to the other Type; provided that
(x) any partial conversion of Loans shall be in (A) an           aggregate amount not
less than $5,000,000 (or such lesser amount agreed to by           the Agent) and (B) an
integral multiple of $500,000 and (y) any conversion of           Offshore Rate Loans
into Base Rate Loans may occur only on the last day of the           applicable Interest
Period therefor; or  

	 	        (ii)              elect
as of the last day of the applicable Interest Period, to continue any           Offshore
Rate Loans having Interest Periods expiring on such day (or any part           thereof in
an aggregate Dollar Equivalent amount that is (A) not less than           $5,000,000 (or
such lesser amount agreed to by the Agent) and (B) an integral           multiple of
500,000 units of the Applicable Currency);  

31 

provided that if at any time
the aggregate amount of Offshore Rate Loans in respect of any Borrowing is reduced, by
payment, prepayment or conversion of part thereof to be less than the Dollar Equivalent of
$5,000,000, such Offshore Rate Loans shall (x) if denominated in Dollars, be converted
into Base Rate Loans, or (y) if denominated in an Offshore Currency, be prepaid, in each
case on the last day of the Interest Period therefor. 

        (b)              Each
Borrower shall deliver a Notice of Conversion/Continuation to be received           by
the Agent not later than 10:30 a.m. (local time) at least (i) two Business           Days
in advance of the Conversion/Continuation Date, if the applicable Loans are           to
be converted into or continued as Offshore Rate Loans denominated in Dollars,
          (ii) four Business Days in advance of the Conversion/Continuation Date, if the
          applicable Revolving Loans are to be continued as Offshore Rate Loans
          denominated in a currency specified in the definition of “Offshore
          Currency” on the Effective Date, (iii) the number of Business Days
          determined by the Agent to be customary for its syndicated credit facilities,
if           the applicable Revolving Loans are to be continued as Offshore Rate Loans in
a           currency not covered by the preceding clause (ii), and (iv) on the
          Conversion/Continuation Date, if the applicable Loans are to be converted into
          Base Rate Loans, specifying:  

	 	        (A)              the
proposed Conversion/Continuation Date;  

	 	        (B)              the
aggregate amount of Loans to be converted or continued;  

	 	        (C)              the
Type of Loans resulting from the proposed conversion or continuation; and  

	 	        (D)              other
than in the case of conversions into Base Rate Loans, the duration of the
          requested Interest Period.  

        (c)              If
upon the expiration of any Interest Period applicable to Offshore Rate Loans,           a
Borrower has failed to select timely a new Interest Period to be applicable to
          such Offshore Rate Loans, as the case may be, then such Borrower shall be
deemed           to have elected to continue such Loans as Offshore Rate Loans to itself
          denominated in the same currency and having a one-month Interest Period
          effective as of the expiration date of such expiring Interest Period.  

        (d)              The
Agent will promptly notify each applicable Lender of its receipt of a Notice           of
Conversion/Continuation, or, if no timely notice is provided by a Borrower,           of
the details of any automatic conversion or continuation. All conversions and
          continuations shall be made ratably according to the respective outstanding
          principal amounts of the Loans with respect to which the notice was given held
          by each Lender.  

        (e)              Unless
the Required Revolving Lenders, Required Term A Lenders or Required Term           B
Lenders, as applicable, otherwise consent, during the existence of a Default           or
Event of Default, no Borrower may elect to have a Revolving Loan, a Term A           Loan
or a Term B Loan converted into or continued as an Offshore Rate Loan.  

        (f)              During
the existence of an Event of Default, the Required Revolving Lenders may
          require, by notice to the Borrowers and the Agent, that all outstanding
          Revolving Loans that are Offshore Rate Loans denominated in an Alternate
          Currency be prepaid, or be redenominated into Dollars in the amount of the
          Dollar Equivalent thereof, on the last day of the then current Interest Period
          with respect thereto.  

32 

        (g)              After
giving effect to any conversion or continuation of Loans, unless the Agent
          shall otherwise consent, there may not be more than 15 different Interest
          Periods in effect.  

        (h)              Each
Borrower hereby authorizes the Lenders and the Agent to accept Notices of
          Conversion/Continuation based on telephonic notices made by any Person, the
          Agent or any Lender in good faith believes to be acting on behalf of such
          Borrower. Each Borrower agrees to deliver promptly to the Agent a written
          confirmation of each telephonic notice, signed by a Responsible Officer or an
          authorized designee. If the written confirmation differs in any material
respect           from the action taken by the Agent and the Lenders, the records of the
Agent and           the Lenders shall govern absent manifest error.  

        2.05    The
Swing Line Loans. Subject to the terms and conditions hereof, the Swing Line Lender
agrees to make Swing Line Loans denominated in Dollars to the Company from time to time
prior to the Revolving Termination Date in an aggregate principal amount at any one time
outstanding not to exceed $100,000,000; provided that after giving effect to any
such Swing Line Loan, the Total Revolving Usage shall not exceed the Aggregate Revolving
Commitment. Prior to the Revolving Termination Date, the Company may use the Swing Line
Commitment by borrowing, prepaying the Swing Line Loans in whole or in part, and
reborrowing, all in accordance with the terms and conditions hereof. All Swing Line Loans
shall bear interest at the Swing Line Rate and shall not be entitled to be converted into
Loans that bear interest at any other rate.  

        2.06    Procedure
for Swing Line Loans. (a) The Company may borrow under the Swing Line Commitment on
any Business Day until the Revolving Termination Date; provided that the Company
shall give the Swing Line Lender irrevocable written notice signed by a Responsible
Officer or an authorized designee (which notice must be received by the Swing Line Lender
prior to 2:00 p.m. (local time)) with a copy to the Agent specifying the amount of the
requested Swing Line Loan, which shall be in an integral multiple of $100,000. Unless the
Swing Line Lender has received prior notice (by telephone or in writing) from the Agent
on the date of the proposed Swing Line Loan that one or more of the applicable conditions
specified in Article V is not then satisfied, the proceeds of a requested Swing
Line Loan will be made available by the Swing Line Lender to the Company in immediately
available funds at the office of the Swing Line Lender by 4:00 p.m. (local time) on the
date of such notice of borrowing. The Company may at any time and from time to time,
prepay the Swing Line Loans, in whole or in part, without premium or penalty, by
notifying the Swing Line Lender prior to 2:00 p.m. (local time) on any Business Day of
the date and amount of prepayment with a copy to the Agent. If any such notice is given,
the amount specified in such notice shall be due and payable on the date specified
therein. Partial prepayments shall be in an integral multiple of $100,000.  

33 

        (b)              If
any Swing Line Loan shall remain outstanding at 11:00 a.m. (local time) on           the
fifth Business Day following the date of such Swing Line Loan and if by such
          time on such fifth Business Day the Agent shall not have received either (i) a
          Notice of Borrowing delivered by the Company pursuant to Section 2.03          requesting
that Revolving Loans be made pursuant to Section 2.01 on the           immediately
succeeding Business Day in an amount at least equal to the principal           amount of
such Swing Line Loan for the purpose of refunding such Swing Line Loan           or (ii)
any other notice satisfactory to the Agent indicating the Company’s           intent
to repay such Swing Line Loan on or before the immediately succeeding           Business
Day with funds obtained from other sources or to extend such Swing Line           Loan,
then on such Business Day the Swing Line Lender shall (and on any Business           Day
the Swing Line Lender in its sole discretion may), on behalf of the Company
          (which hereby irrevocably directs the Swing Line Lender to act on its behalf)
          request the Agent to notify each Revolving Lender to make a Revolving Loan
          consisting of a Base Rate Loan in an amount equal to such Revolving
          Lender’s Revolving Percentage of (A) in the case of such a request which
is           required to be made, the amount of the relevant Swing Line Loan and (B) in
the           case of such a discretionary request, the aggregate principal amount of the
          Swing Line Loans outstanding on the date such notice is given; provided          that
absent notice by the Company to the contrary by such time on such fifth
          Business Day, the Company shall be deemed to have requested, at the end of such
          five Business Day period, that each outstanding Swing Line Loan be extended for
          an additional period of five Business Days, so long as the conditions specified
          in Section 5.02 would be satisfied at the beginning of each such
          additional period, treating each such extension as if it were the making of a
          new Loan. Unless any of the events described in subsection 9.01(f) or (g) shall
have occurred with respect to the Company (in which event the           procedures of subsection
(d) of this Section 2.06 shall apply)           each Revolving Lender shall
make the proceeds of its Revolving Loan available to           the Agent for the account
of the Swing Line Lender at the Agent’s Payment           Office in funds
immediately available prior to 1:00 p.m. (local time) on the           Business Day next
succeeding the date such notice is given. The proceeds of such           Revolving Loans
shall be immediately applied to repay the outstanding Swing Line           Loans.
Effective on the day such Revolving Loans are made, the portion of the           Swing
Line Loans so paid shall no longer be outstanding as Swing Line Loans and           shall
no longer be due under the Swing Line Note. The Company shall pay to the           Swing
Line Lender, promptly following the Swing Line Lender’s demand, the           amount
of its outstanding Swing Line Loans to the extent amounts received from           the
Revolving Lenders are not sufficient to repay in full such outstanding Swing
          Line Loans.  

        (c)              Notwithstanding
anything herein to the contrary, the Swing Line Lender (i) shall           not be
obligated to make any Swing Line Loan if the conditions set forth in Article V have
not been satisfied and (ii) shall not make any requested           Swing Line Loan if,
prior to 11:00 a.m. (local time) on the date of such           requested Swing Line Loan,
it has received a written notice from the Agent or           any Revolving Lender
directing it not to make further Swing Line Loans because           any condition
specified in Article V is not then satisfied.  

        (d)              If
prior to the making of a Revolving Loan required to be made by subsection
          2.06(b) an Event of Default described in subsection 9.01(f) or (g) shall
have occurred and be continuing with respect to the Company,           each Revolving
Lender will, on the date such Revolving Loan was to have been           made pursuant to
the notice described in subsection 2.06(b), purchase an           undivided
participating interest in all outstanding Swing Line Loans in an           amount equal
to its Revolving Percentage of the aggregate principal amount of           all such Swing
Line Loans. Each Revolving Lender will immediately transfer to           the Agent for
the benefit of the Swing Line Lender, in immediately available           funds, the
amount of its participation.  

34 

        (e)              Whenever,
at any time after a Revolving Lender has purchased a participating           interest in
a Swing Line Loan, the Swing Line Lender receives any payment on           account
thereof, the Swing Line Lender will distribute to the Agent for delivery           to
each Revolving Lender its participating interest in such amount           (appropriately
adjusted, in the case of interest payments, to reflect the period           of time
during which such Revolving Lender’s participating interest was
          outstanding and funded); provided that in the event that such payment
          received by the Swing Line Lender is required to be returned, such Revolving
          Lender will return to the Agent for delivery to the Swing Line Lender any
          portion thereof previously distributed by the Swing Line Lender to it.  

        (f)              Each
Revolving Lender’s obligation to make the Revolving Loans referred to           in
subsection 2.06(b) and to purchase participating interests pursuant to subsection
2.06(d) shall be absolute and unconditional and shall not be           affected by
any circumstance, including, (i) any set-off, counterclaim,           recoupment, defense
or other right which such Revolving Lender or the Company           may have against the
Swing Line Lender, the Company or any other Person for any           reason whatsoever,
(ii) the occurrence or continuance of a Default or an Event           of Default, (iii)
any adverse change in the condition (financial or otherwise)           of the Company,
(iv) any breach of this Agreement or any other Loan Document by           the Company,
any Subsidiary or any other Lender or (v) any other circumstance,           happening or
event whatsoever, whether or not similar to any of the foregoing.  

        2.07    The
Fronted Offshore Currency Loans.  

        (a)              Upon
the satisfaction of the conditions precedent set forth in Article V          and
in the applicable Offshore Currency Addendum, from the later of the date of
          this Agreement and the date of execution of the applicable Offshore Currency
          Addendum to the date of termination of the Revolving Commitments (or such
          earlier termination date as shall be specified in or pursuant to the applicable
          Offshore Currency Addendum), each Fronting Lender agrees, on the terms and
          conditions set forth in this Agreement and in the applicable Offshore Currency
          Addendum, to make Fronted Offshore Currency Loans under such Offshore Currency
          Addendum to the applicable Borrower party to such Offshore Currency Addendum
          from time to time in the applicable Alternate Currency, in an aggregate Dollar
          Equivalent principal amount not to exceed such Fronting Lender’s
applicable           Fronted Offshore Currency Commitment (the amount of which shall in
no event be,           if not zero, less than the Dollar Equivalent of $10,000,000 or a
higher integral           multiple of $1,000,000); provided that, at no time shall
the Dollar           Equivalent of the Fronted Offshore Currency Loans for any specific
Alternate           Currency exceed the maximum amount specified as the maximum amount
for such           Alternate Currency in the applicable Offshore Currency Addendum other
than as a           result of currency fluctuations. Subject to the terms of this
Agreement and the           applicable Offshore Currency Addendum, the applicable
Borrowers may borrow,           repay and reborrow Fronted Offshore Currency Loans in the
applicable Alternate           Currency at any time prior to the termination of the
Revolving Commitments (or           such earlier termination date as shall be specified
in or pursuant to the           applicable Offshore Currency Addendum). Upon the
termination of the Revolving           Commitments (or such earlier termination date as
shall be specified in or           pursuant to the applicable Offshore Currency
Addendum), the outstanding           principal balance of the Fronted Offshore Currency
Loans shall be paid in full           by the applicable Borrower; and prior to the
termination of the Revolving           Commitments, prepayments of the Fronted Offshore
Currency Loans shall be made by           the applicable Borrower if and to the extent
required by subsection           2.11(c). For the avoidance of doubt, it is
understood that no Lender shall           have any obligation to become a Fronting
Lender.  

35 

        (b)              The
applicable Borrower shall pay the applicable Fronting Lender a fronting fee           in
respect of each Fronted Offshore Currency Loan in accordance with the           Offshore
Currency Addendum (or other agreement with such Fronting Lender).  

        (c)              Except
as otherwise required by applicable law, in no event shall any Fronting           Lender
have the right to accelerate the Fronted Offshore Currency Loans           outstanding
under any Offshore Currency Addendum prior to the stated termination           date in
respect thereof, except that each Fronting Lender shall have such right           upon an
acceleration of the Revolving Loans pursuant to Article IX.  

        (d)              Each
Fronting Lender shall furnish to the Agent not less frequently than           monthly, at
the end of each calendar quarter, and at any other time upon the           request of the
Agent, a statement setting forth the outstanding Fronted Offshore           Currency
Loans made and repaid during the period since the last such report.  

        (e)              Immediately
and automatically upon the occurrence of an Event of Default under subsection 9.01(a),
(f) or (g), each Revolving Lender shall           be deemed to have
unconditionally and irrevocably purchased from the applicable           Fronting Lender,
without recourse or warranty, an undivided interest and           participation in each
Fronted Offshore Currency Loan ratably in an amount equal           to such Lender’s
Revolving Percentage of the amount of principal and           accrued interest of such
Loan, and such Fronted Offshore Currency Loans shall,           as the Required Lenders
shall direct, either 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. Each of the Lenders shall pay           to the applicable
Fronting Lender not later than two Business Days following a           request for
payment from such Fronting Lender, in Dollars, an amount equal to           the undivided
interest in and participation in the Fronted Offshore Currency           Loan purchased
by such Lender pursuant to this subsection 2.07(e). If any           Lender fails
to make payment to the applicable Fronting Lender of any amount due           under this
subsection 2.07(e), the Agent shall be entitled to receive,           retain and
apply against such obligation the principal and interest otherwise           payable to
such Lender hereunder until the Agent receives from such Lender an           amount
sufficient to discharge such Lender’s payment obligation as           prescribed in
this subsection 2.07(e) together with interest thereon at           the Federal
Funds Rate for each day during the period commencing on the date of           demand by
the applicable Fronting Lender and ending on the date such obligation           is fully
satisfied. The Agent will promptly remit all payments received as           provided
above to the applicable Fronting Lender. In consideration of the risk
          participations prescribed in this subsection 2.07(e), each Lender shall
          receive, from the accrued interest paid for periods prior to the conversion of
          any Fronted Offshore Currency Loan as described above by the applicable
Borrower           on each Fronted Offshore Currency Loan, a fee equal to such Lender’s
          Revolving Percentage of the Applicable Offshore Rate Margin component of the
          interest accrued on such Loan, as in effect from time to time during the period
          such interest accrued. Such portion of the interest paid by the applicable
          Borrower on Fronted Offshore Currency Loans to the applicable Fronting Lender
          shall be paid as promptly as possible by such Fronting Lender to the Agent, and
          the Agent shall as promptly as possible convert such amount into Dollars at the
          Spot Rate and apply such resulting amount ratably among the Revolving Lenders
          (including the Fronting Lenders) in proportion to their respective Revolving
          Percentages.  

36 

        (f)              Whenever,
at any time after a Revolving Lender has purchased a participating           interest in
a Fronted Offshore Currency Loan, the applicable Fronting Lender           receives any
payment on account thereof, such Fronting Lender will distribute to           the Agent
for delivery to each Revolving Lender its participating interest in           such amount
(appropriately adjusted, in the case of interest payments, to           reflect the
period of time during which such Revolving Lender’s           participating interest
was outstanding and funded); provided that if such           payment received by
such Fronting Lender is required to be returned, such           Revolving Lender will
return to the Agent for delivery to such Fronting Lender           any portion thereof
previously distributed to it by the Agent or such Fronting           Lender.  

        (g)              Each
Revolving Lender’s obligation to purchase the participating interests
          referred to in subsection 2.07(e) shall be absolute and unconditional
and           shall not be affected by any circumstance, including (i) any set-off,
          counterclaim, recoupment, defense or other right which such Revolving Lender or
          any Borrower may have against any Fronting Lender, the Company or any other
          Person for any reason whatsoever, (ii) the occurrence or continuance of a
          Default or an Event of Default, (iii) any adverse change in the condition
          (financial or otherwise) of any Borrower, (iv) any breach of this Agreement or
          any other Loan Document by any Borrower, any other Loan Party or any other
          Lender or (v) any other circumstance, happening or event whatsoever, whether or
          not similar to any of the foregoing.  

        (h)              The
specification of payment of Fronted Offshore Currency Loans in the related
          Alternate Currency at a specific place pursuant to this Agreement is of the
          essence. Such Alternate Currency shall, subject to this Section 2.07, be
          the currency of account and payment of such Loans under this Agreement and the
          applicable Offshore Currency Addendum. Notwithstanding anything in this
          Agreement, the obligation of the applicable Borrower in respect of such Loans
          shall not be discharged by an amount paid in any other currency or at another
          place, whether pursuant to a judgment or otherwise, to the extent the amount so
          paid, on prompt conversion into the applicable Alternate Currency and transfer
          to such Lender under normal banking procedure, does not yield the amount of
such           Alternate Currency due under this Agreement or the applicable Offshore
Currency           Addendum. If any payment, whether pursuant to a judgment or otherwise,
upon           conversion and transfer, does not result in payment of the amount of such
          Alternate Currency due under this Agreement or the applicable Offshore Currency
          Addendum, the applicable Borrower shall pay such deficiency to the applicable
          Lender (and such Lender shall have an independent cause of action against such
          Borrower for such deficiency.) If any payment, upon conversion and transfer,
          results in payment in excess of the amount of such Alternate Currency due under
          this Agreement or the applicable Offshore Currency Addendum, the applicable
          Lender shall refund such excess to the applicable Borrower.  

        2.08    Utilization
of Commitments in Offshore Currencies; Valuation. 

        (a)              The
Administrative Agent will determine the Dollar Equivalent amount of each
          Offshore Rate Loan and each Letter of Credit denominated in a currency other
          than Dollars on each Computation Date, and such determination shall be
          conclusive absent demonstrable error. The Agent will provide the Company with
          the amount so determined upon request and, in any event, promptly following the
          end of each month.  

37 

        (b)              Upon
receipt of any Notice of Borrowing of Offshore Currency Loans, the Agent           will
promptly notify each Revolving Lender of the approximate amount of such           Lender’s
Revolving Percentage of such Borrowing, and the Agent will, upon           the
determination of the Dollar Equivalent amount of the Borrowing as specified           in
the Notice of Borrowing, promptly notify each Revolving Lender of the exact
          amount of such Revolving Lender’s Revolving Percentage of such Borrowing.
          In the case of a proposed Borrowing comprised of Offshore Currency Loans, the
          Revolving Lenders shall be under no obligation to make Offshore Currency Loans
          in the requested Offshore Currency as part of such Borrowing if the Agent has
          received notice from any Revolving Lender by 3:00 p.m. (local time) three
          Business Days prior to the day of such Borrowing that such Lender cannot
provide           Loans in such Offshore Currency without adverse tax or legal
consequences, in           which event the Agent will give notice to the Company no later
than 4:00 p.m.           (local time) three Business Days prior to the requested date of
such Borrowing           that a Borrowing in such Offshore Currency is not then
available, no such           Borrowing shall be made and any request for a Revolving Loan
in such Offshore           Currency shall be deemed withdrawn and shall otherwise be
without effect.  

        (c)              In
the case of a proposed continuation of Offshore Currency Loans for an
          additional Interest Period pursuant to Section 2.04, the Revolving
          Lenders shall be under no obligation to continue such Offshore Currency Loans
if           the Agent has received notice from any of the Revolving Lenders by 4:00 p.m.
          (local time) three Business Days prior to the day of such continuation that
such           Revolving Lender cannot continue to provide Loans in the applicable
Offshore           Currency, in which event the Agent will give notice to the Company not
later           than 9:00 a.m. (local time) on the second Business Day prior to the
requested           date of such continuation that the continuation of such Offshore
Currency Loans           in such Offshore Currency is not then available, and notice
thereof also will be           given promptly by the Agent to the Revolving Lenders. If
the Agent shall have so           notified the Company that any such continuation of
Offshore Currency Loans is           not then available, any Notice of
Continuation/Conversion with respect thereto           shall be deemed withdrawn and such
Offshore Currency Loans shall be           redenominated into Revolving Loans consisting
of Base Rate Loans assumed by the           Company in Dollars with effect from the last
day of the Interest Period with           respect to any such Offshore Currency Loans.
The Agent will promptly notify the           Company and the Revolving Lenders of any
such redenomination and in such notice           by the Agent to each Revolving Lender
the Agent will state the aggregate Dollar           Equivalent amount of the
redenominated Offshore Currency Loans assumed by the           Company as of the
Computation Date with respect thereto and such Revolving           Lender’s
Revolving Percentage thereof.  

        (d)              Notwithstanding
anything herein to the contrary, during the existence of an           Event of Default,
the Required Lenders may demand that any or all of the then           outstanding
Offshore Currency Loans 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. The Agent will promptly notify the           applicable
Borrower of any such prepayment or redenomination request.  

38 

        (e)              The
Company shall be entitled to request that Revolving Loans hereunder shall           also
be permitted to be made in any other lawful currency, in addition to           Dollars
and the currencies specified in the definition of “Offshore           Currency”,
that in the opinion of each Revolving Lender is at such time           freely traded in
the offshore interbank foreign exchange markets and is freely           transferable and
freely convertible into Dollars (an “Agreed Alternative           Currency”).
The Company shall deliver to the Agent any request for           designation of an Agreed
Alternative Currency in accordance with Section           11.02, to be received by
the Agent not later than noon (local time) at least           ten Business Days in
advance of the date of any Borrowing hereunder proposed to           be made in such
Agreed Alternative Currency. Upon receipt of any such request           the Agent will
promptly notify the Revolving Lenders thereof, and each Revolving           Lender will
use its best efforts to respond to such request within two Business           Days of
receipt thereof. Each Revolving Lender may grant or deny such request in           its
sole discretion. The Agent will promptly notify the Company of the           acceptance
or rejection of any such request.  

        2.09    Voluntary
Termination, Reduction or Increase of Revolving Commitments. (a) The Company may,
upon not less than five Business Days’ prior notice to the Agent, terminate the
Revolving Commitments, or permanently reduce the Aggregate Revolving Commitment by
$10,000,000 or any higher integral multiple of $1,000,000; provided that the
Aggregate Revolving Commitment shall not be reduced to an amount less than the Total
Revolving Usage. Once reduced in accordance with this subsection (a), the
Aggregate Revolving Commitment may not be increased, except as provided in subsection
(c). Any reduction of the Aggregate Revolving Commitment shall be applied to reduce
the Revolving Commitment of each Revolving Lender according to its Revolving Percentage.  

        (b)              At
no time shall the sum of the Swing Line Commitment and the Fronted Offshore
          Currency Commitments exceed the Aggregate Revolving Commitment, and any
          reduction of the Aggregate Revolving Commitment which reduces the Aggregate
          Revolving Commitment below the then-current sum of the Swing Line Commitment
and           the Fronted Offshore Currency Commitments shall result in an automatic
          corresponding reduction of the Swing Line Commitment and/or the Fronted
Offshore           Currency Commitments (as specified by the Company or, in the absence
of such           specification, pro rata according to the amounts thereof) so that the
sum           thereof is equal to the Aggregate Revolving Commitment, as so reduced. At
no           time shall the sum of the Swing Line Commitment plus any Fronted
Offshore           Currency Commitment of any Lender exceed the Revolving Commitment of
such           Lender, and any reduction of the Aggregate Revolving Commitment which
reduces           the Revolving Commitment of such Lender below the then-current sum of
the Swing           Line Commitment plus the Fronted Offshore Currency Commitment
of such           Lender shall result in an automatic corresponding reduction of the
Swing Line           Commitment and the Fronted Offshore Currency Commitment of such
Lender, on a           ratable basis, to the amount of the Revolving Commitment of such
Lender, as so           reduced, without any action on the part of such Lender.  

        (c)              (i)
The Company may from time to time prior to the Revolving Termination Date,           by
means of a letter delivered to the Agent substantially in the form of Exhibit I and
subject to the applicable conditions to effectiveness of           such increase
specified in clauses (ii) and (iii) below, request           an increase in
the Aggregate Revolving Commitment; provided that (x) any           such increase
in the Aggregate Revolving Commitment shall be in a minimum amount           of
$5,000,000 and an integral multiple of $1,000,000, (y) the aggregate amount           of
all increases in the Aggregate Revolving Commitment pursuant to this subsection 2.09(c) shall
not exceed $250,000,000 and (z) at the time of           such increase, (1) no Default or
Event of Default shall exist and (2) all           representations and warranties in Article
VI shall be true and correct in           all material respects with the same effect
as if made on and as of such date           (except to the extent such representations
and warranties expressly refer to an           earlier date, in which case they shall be
true and correct as of such earlier           date).  

39 

	 	        (ii)              Any
increase in the Aggregate Revolving Commitment may be effected by (x)
          increasing the Revolving Commitment of one or more Revolving Lenders which have
          agreed to such increase and/or (y) adding one or more commercial banks or other
          Persons as a party hereto (each an “Additional Lender”) with a
          Revolving Commitment in an amount agreed to by any such Additional Lender; provided that
no Additional Lender shall be added as a party hereto           without the written
consent of the Agent, each Issuer, the Swing Line Lender and           each applicable
Fronting Lender (which shall not be unreasonably withheld or           delayed).  

	 	        (iii)              Any
increase in the Aggregate Revolving Commitment pursuant to this subsection (c) shall
be effective three Business Days (or such other           period agreed to by the Agent,
the Company and, as applicable, each Revolving           Lender that has agreed to
increase its Revolving Commitment and each Additional           Lender) after the date on
which the Agent has received and acknowledged receipt           of the applicable
increase letter in the form of Annex 1 (in the case of           an increase in
the Revolving Commitment of an existing Lender) or Annex 2          (in the case
of the addition of an Additional Lender) to Exhibit I, which
          acknowledgment shall be delivered promptly to the Company by the Agent (subject
          to the right of the Agent set forth in clause (ii) above to consent to
          any Additional Lender).  

	 	        (iv)              The
Agent shall promptly notify the Company and the Revolving Lenders of any
          increase in the amount of the Aggregate Revolving Commitment pursuant to this
subsection (c) and of the Revolving Commitment and Revolving Percentage
          of each Revolving Lender after giving effect thereto.  

	 	        (v)              The
Borrowers (x) acknowledge that, in order to maintain Revolving Loans in
          accordance with each Revolving Lender’s Revolving Percentage of all
          outstanding Revolving Loans prior to any increase in the Aggregate Revolving
          Commitment pursuant to this subsection (c), a reallocation of the
          Revolving Commitments as a result of a non-pro-rata increase in the Aggregate
          Revolving Commitment may require prepayment of all or portions of certain
          Revolving Loans on the date of such increase (and any such prepayment shall be
          subject to the provisions of Section 4.04) and (y) agree to make any
such           prepayment.  

        2.10    Optional
Prepayments. Subject to Section 4.04, any Borrower may, at any time or from
time to time, upon not less than two Business Days’ irrevocable notice to the Agent,
in respect of Offshore Rate Loans (other than Fronted Offshore Currency Loans, except as
otherwise provided in the applicable Offshore Currency Addendum), and in respect of Base
Rate Loans, by not later than 10:30 a.m. (local time) on the prepayment date, prepay
Loans in whole or in part, in an aggregate minimum amount that is (a) not less than the
Dollar Equivalent of $5,000,000 (or such lesser amount agreed to by the Agent) and (b) a
higher integral multiple of 500,000 units of the Applicable Currency. Such notice of
prepayment shall specify the date and amount of such prepayment, which Loans are to be
prepaid and the Class(es) and Type(s) of such Loans to be prepaid and, in the case of a
prepayment of Term Loans, the installments to which such prepayment shall be applied. The
Agent will promptly notify each Lender of its receipt of any such notice, and of such
Lender’s Percentage of such prepayment. If such notice is given by any Borrower,
such Borrower shall make such prepayment and the payment amount specified in such notice
shall be due and payable on the date specified therein, together, in the case of Offshore
Rate Loans, with accrued interest to each such date on the amount prepaid and any amounts
required pursuant to Section 4.04.  

40 

        2.11    Mandatory
Prepayments of Loans. (a) If on any date the Total Revolving Usage exceeds the
Aggregate Revolving Commitment, the Borrowers shall immediately, and without notice or
demand, prepay the outstanding principal amount of the Revolving Loans and/or L/C
Advances by an amount equal to such excess.  

	 	        (b)              If
on any date the amount of all L/C Obligations exceeds the L/C Commitment, the
          Company shall immediately Cash Collateralize (or promptly provide other Backup
          Support for) the outstanding Letters of Credit in an amount equal to such
          excess.  

        (c)              If
at any time of calculation by the Agent (pursuant to subsection           2.08(a) or
otherwise) the Dollar Equivalent principal amount of all           outstanding Fronted
Offshore Currency Loans in the same Alternate Currency           exceeds the aggregate
Fronted Offshore Currency Commitments with respect thereto           as a result of
fluctuations in currency exchange rates, the applicable Borrowers           shall, within
two Business Days after receipt of notice thereof, prepay Fronted           Offshore
Currency Loans in an amount sufficient to eliminate such excess.  

        (d)              If
the Company or any Subsidiary receives any Net Cash Proceeds from any of the
          following events, the Company shall apply such Net Cash Proceeds at the
          following times, in the following amounts (in each case rounded down to an
          integral multiple of $100,000) and in the order of application set forth in subsection
(e) below (any such application, a “Proceeds           Application”):  

	 	        (i)              Within
five Business Days following the receipt of any Net Cash Proceeds from           any
Disposition (other than (A) a Disposition permitted by Section           8.02(a),
(b), (c), (d), (f), (g), (h), (i), (j) or
(l) and (B) the first $25,000,000 of Net           Cash Proceeds from any
Disposition made after the Effective Date that is           permitted solely by Section
8.02(m)), whether by merger, consolidation or           otherwise, the Company shall
make a Proceeds Application in an amount (rounded           down as provided above) equal
to the result (if positive) of (x) all Net Cash           Proceeds from all such
Dispositions received during the then-current fiscal year           minus (y) $10,000,000
minus (z) all amounts previously applied pursuant to this clause (i) during such
fiscal year.  

	 	        (ii)              Within
five Business Days following the receipt of any Net Cash Proceeds from           the
issuance of any Indebtedness (other than (A) Indebtedness in respect of Swap
          Contracts incurred in the ordinary course of business and not for speculative
          purposes, (B) Indebtedness secured by Liens permitted by Section 8.01(j),
(k), (m), (n), (r) or (u), (C) Indebtedness
          in respect of any bankers’ acceptance, letter of credit, warehouse receipt
          or similar facility entered into in the ordinary course of business, (D)
          Indebtedness incurred in the ordinary course of business in connection with any
          like-kind exchange under Section 1031 of the Code that is secured solely by the
          property subject to the applicable transaction, (E) Indebtedness arising under
          the Loan Documents, (F) Permitted Acquired Debt, (G) Indebtedness permitted
          under clause (y) of Section  8.05(b), (H) if the Leverage Ratio
at           the time of receipt of such Net Cash Proceeds is less than 3.50 to 1.0, (1)
up           to $200,000,000 in the aggregate of Securitization Obligations and (2) up to
          $200,000,000 in the aggregate of unsecured Indebtedness of the Company and its
          Subsidiaries), the Company shall make a Proceeds Application in an amount
          (rounded down as provided above) equal to the result of (x) all Net Cash
          Proceeds from issuances of all such Indebtedness received after the Effective
          Date minus (y) all amounts previously applied pursuant to this clause
          (ii).  

41 

	 	        (iii)              Within
five Business Days following the delivery of the Compliance Certificate           with
respect to the end of any fiscal year pursuant to subsection           7.02(b),
beginning with the fiscal year ending September 30, 2007, the           Company shall
make a Proceeds Application in an amount (rounded down as provided           above) equal
to the Specified Percentage of the amount of Excess Cash Flow for           such fiscal
year. As used herein, “Specified Percentage” means           (x) 50%, if
the Leverage Ratio for any fiscal year (the “Measurement           Period”)
is greater than or equal to 3.75 to 1.0, (y) 25%, if the           Leverage Ratio for the
Measurement Period is less than 3.75 to 1.0 but greater           than or equal to 3.50
to 1.0 or (z) 0% if the Leverage Ratio for the Measurement           Period is less than
3.50 to 1.0.  

        (e)              Each
Proceeds Application shall be applied ratably to the Term A Loans and the           Term
B Loans in proportion to the original principal amount thereof, and within           each
such Class pro rata to the remaining installments thereof, until the Term           Loans
have been paid in full.  

        2.12    Repayment.  

        (a)              The
Borrowers shall repay all Revolving Loans and Swing Line Loans on the           Revolving
Maturity Date.  

        (b)              The
Term A Loans shall be repaid in installments on the dates, and in the           amounts,
set forth on Schedule 2.12(b), with the outstanding principal           balance of
the Term A Loans payable on the Term A Maturity Date.  

        (c)              The
Term B Loans shall be repaid in installments on the dates, and in the           amounts,
set forth on Schedule 2.12(c), with the outstanding principal           balance of
the Term B Loans payable on the Term B Maturity Date.  

        2.13    Interest.
(a) Each Revolving Loan denominated in Dollars and each Term Loan shall bear interest on
the outstanding principal amount thereof from the applicable Borrowing Date at a rate per
annum equal to (i) the Offshore Rate plus the Applicable Offshore Rate Margin or
(ii) the Base Rate plus the Applicable Base Rate Margin, as the case may be (and
subject to the Borrowers’ right to convert Loans from one Type to the other). Each
Revolving Loan denominated in a currency other than Dollars shall bear interest on the
outstanding principal amount thereof from the applicable Borrowing Date at a rate per
annum equal to the Offshore Rate plus the Applicable Offshore Rate Margin. Each
Fronted Offshore Currency Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the applicable
Fronted Offshore Currency Rate.  

42 

        (b)              Interest
on each Revolving Loan and Term Loan shall be paid in arrears on each           Interest
Payment Date and on (i) the Revolving Maturity Date, in the case of           Revolving
Loans, (ii) the Term A Maturity Date, in the case of Term A Loans, or           (iii) or
the Term B Maturity Date, in the case of Term B Loans. Interest on           Offshore
Rate Loans shall also be paid on the date of any prepayment thereof for           the
portion of the Loans so prepaid. During the existence of any Event of           Default,
interest on all Loans shall be paid on demand of the Agent at the           request or
with the consent of the Required Lenders.  

        (c)              Notwithstanding
subsection 2.13(a), while any Event of Default exists or           after
acceleration, the applicable Borrower shall pay interest (after as well as
          before entry of judgment thereon to the extent permitted by law) on the
          principal amount of all outstanding Loans, at a rate per annum determined by
          adding 2% per annum to the applicable interest rate otherwise then in effect
for           such Loans.  

        (d)              Anything
herein to the contrary notwithstanding, the obligations of any Borrower           to any
Lender hereunder shall be subject to the limitation that payments of           interest
shall not be required for any period for which interest is computed           hereunder
to the extent (but only to the extent) that contracting for or           receiving such
payment by such Lender would be contrary to the provisions of any           law
applicable to such Lender limiting the highest rate of interest that may be
          lawfully contracted for, charged or received by such Lender, and in such event
          such Borrower shall pay such Lender interest at the highest rate permitted by
          applicable law.  

        2.14    Fees.
 In addition to certain fees described in Section 3.08: 

        (a)    Arrangement
Fees, Agency Fees, Upfront Fees and other Fees. The Company           shall pay (i)
such fees to the Agent and the Arrangers as are required by the           fee letter
among the Company, the Arrangers, the Agent and the Syndication Agent           dated
October 15, 2006 and (ii) such fees to the Agent as are required by the           fee
letter between the Company and the Agent dated October 15, 2006, or in each
          case as otherwise agreed to by such parties from time to time.  

        (b)    Commitment
Fees. The Company shall pay to the Agent for the account of           each Revolving
Lender a commitment fee on the average daily unused portion of           such Revolving
Lender’s Revolving Commitment, computed on a quarterly basis           in arrears on
the last Business Day of each calendar quarter based upon the           daily utilization
for that quarter as calculated by the Agent, equal to the           Applicable Commitment
Fee Percentage. For purposes of calculating utilization           under this subsection,
the Revolving Commitments shall be deemed used to the           extent of the Dollar
Equivalent principal amount of Revolving Loans then           outstanding (excluding any
outstanding Swing Line Loans), plus the Dollar           Equivalent principal
amount of the Fronted Offshore Currency Loans then           outstanding plus the
amount of all L/C Obligations then outstanding. Such           commitment fee shall
accrue from the Effective Date to the Revolving Termination           Date and shall be
due and payable quarterly in arrears on the last Business Day           of each calendar
quarter commencing on December 31, 2006 through the Revolving           Termination Date,
with the final payment to be made on the Revolving Termination           Date; provided that,
in connection with any reduction or termination of           Revolving Commitments under
Section 2.09, the accrued commitment fee           calculated for the period
ending on such date shall also be paid on the date of           such reduction or
termination, with the following quarterly payment being           calculated on the basis
of the period from such reduction or termination date to           such quarterly payment
date. The commitment fees provided in this subsection           shall accrue at all times
after the above-mentioned commencement date, including           at any time during which
one or more conditions in Article V are not met.  

43 

        2.15    Computation
of Fees and Interest. (a) Interest on any Loan bearing interest based upon Bank of
America’s prime rate or denominated in Pounds Sterling shall be computed for the
actual number of days elapsed on the basis of a year of 365 or 366 days, as applicable.
All other computations of fees and interest shall be made on the basis of a 360-day year
and actual days elapsed (which results in more interest being paid than if computed on
the basis of a 365-day year) or on such other basis as the Agent shall determine is
customary for the relevant currency. Interest and fees shall accrue during each period
during which interest or such fees are computed from the first day thereof to the last
day thereof.  

        (b)              Each
determination of an interest rate by the Agent shall be conclusive and           binding
on the applicable Borrower and the applicable Lenders in the absence of
          manifest error.  

        2.16    Payments
by the Borrowers. (a) All payments to be made by the Borrowers shall be made without
set-off, recoupment or counterclaim. Except as otherwise specified herein, all payments
by the Borrowers shall be made to the Agent for the account of the applicable Lenders at
the Agent’s Payment Office no later than 11:00 a.m. (local time) on the date
specified herein. All such payments shall be made in funds immediately available to the
Agent and (i) in the case of principal and interest payments with respect to Offshore
Rate Loans, in the Applicable Currency, and (ii) in the case of any other amount, in
Dollars or such other currency as shall be specified herein. The Agent will promptly
distribute to each applicable Lender its applicable share of such payment in like funds
as received which, except as otherwise expressly provided herein, shall be based upon
such Lender’s Percentage of the Loans in respect of which such payment has been
made. Any payment received by the Agent later than 1:00 p.m. (local time) shall be deemed
to have been received on the following Business Day and any applicable interest or fee
shall continue to accrue.  

        (b)              Subject
to the provisions set forth in the definition of “Interest           Period” herein,
whenever any payment is due on a day other than a Business           Day, such payment
shall be made on the following Business Day, and such           extension of time shall
in such case be included in the computation of interest           or fees, as the case
may be.  

        (c)              Unless
the Agent receives notice from a Borrower prior to the date on which any
          payment is due to the applicable Lenders that such Borrower will not make such
          payment in full as and when required, the Agent may assume that such Borrower
          has made such payment in full to the Agent on such date in immediately
available           funds and the Agent may (but shall not be so required), in reliance
upon such           assumption, distribute to each applicable Lender on such due date an
amount           equal to the amount then due such Lender. If and to the extent a
Borrower has           not made such payment in full to the Agent, each Lender shall
repay to the Agent           on demand such amount distributed to such Lender, together
with interest thereon           at the Federal Funds Rate for each day from the date such
amount is distributed           to such Lender until the date repaid.  

44 

        2.17    Payments
by the Lenders to the Agent. (a) Except as otherwise expressly provided in Section
2.08 with respect to Fronted Offshore Currency Loans, unless the Agent receives
notice from a Lender on or prior to the Effective Date or, with respect to any Borrowing
of Revolving Loans after the Effective Date, at least one Business Day prior to the date
of such Borrowing, that such Lender will not make available as and when required
hereunder to the Agent for the account of a Borrower the amount of that Lender’s
Percentage of such Borrowing, the Agent may assume that each Lender has made such amount
available to the Agent in immediately available funds on the Borrowing Date and the Agent
may (but shall not be so required), in reliance upon such assumption, make available to
the applicable Borrower on such date a corresponding amount. If and to the extent any
Lender shall not have made its full amount available to the Agent in immediately
available funds and the Agent in such circumstances has made available to such Borrower
such amount, that Lender shall on the Business Day following such Borrowing Date make
such amount available to the Agent, together with interest at the Federal Funds Rate for
each day during such period. A notice of the Agent submitted to any Lender with respect
to amounts owing under this subsection (a) shall be conclusive, absent manifest
error. If such amount is so made available, such payment to the Agent shall constitute
such Lender’s Loan on the date of Borrowing for all purposes of this Agreement. If
such amount is not made available to the Agent on the Business Day following the
Borrowing Date, the Agent will notify the applicable Borrower of such failure to fund
and, upon demand by the Agent, such Borrower shall pay such amount to the Agent for the
Agent’s account, together with interest thereon for each day elapsed since the date
of such Borrowing, at a rate per annum equal to the interest rate applicable at the time
to the Loans comprising such Borrowing.  

        (b)              The
failure of any applicable Lender to make any Loan on any Borrowing Date           shall
not relieve any other applicable Lender of any obligation hereunder to           make a
Loan on such Borrowing Date, but no Lender shall be responsible for the           failure
of any other Lender to make the Loan to be made by such other Lender on           any
Borrowing Date.  

        2.18    Sharing
of Payments, Etc.If, other than as expressly provided elsewhere herein, any Lender
shall obtain on account of the Loans made by it any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) in excess of its
ratable share (or other share contemplated hereunder), such Lender shall immediately (a)
notify the Agent of such fact and (b) purchase in Dollars from the other applicable
Lenders such participations in the Loans made by them as shall be necessary to cause such
purchasing Lender to share the excess payment pro rata with each of them; provided that
if all or any portion of such excess payment is thereafter recovered from the purchasing
Lender, such purchase shall to that extent be rescinded and each other applicable Lender
shall repay to the purchasing Lender the purchase price paid therefor, together with an
amount equal to such paying Lender’s ratable share (according to the proportion of
(i) the amount of such paying Lender’s required repayment to (ii) the total amount
so recovered from the purchasing Lender) of any interest or other amount paid or payable
by the purchasing Lender in respect of the total amount so recovered. Each Borrower
agrees that any Lender so purchasing a participation from another Lender may, to the
fullest extent permitted by law, exercise all its rights of payment (including the right
of set-off, but subject to Section 11.09) with respect to such participation as
fully as if such Lender were the direct creditor of such Borrower in the amount of such
participation. The Agent will keep records (which shall be conclusive and binding in the
absence of manifest error) of participations purchased under this Section and will in
each case notify the applicable Lenders following any such purchases or repayments.  

45 

        2.19    Subsidiary
Borrowers. (a) On or after the Effective Date, with the consent of the Agent, the
Company may designate any Wholly-Owned Subsidiary (other than any Securitization
Subsidiary and any captive insurance company Subsidiary) as a Subsidiary Borrower by
delivery to the Agent of a Subsidiary Borrower Supplement executed by such Subsidiary and
the Company, together with Notes in favor of each requesting Lender, and subject to the
provisions of clause (b) such Subsidiary shall for all purposes of this Agreement
be a Subsidiary Borrower and party to this Agreement. As soon as practicable upon receipt
of a Subsidiary Borrower Supplement, the Agent will deliver a copy thereof to each
Revolving Lender.  

        (b)              Notwithstanding
the foregoing clause (a), no Subsidiary Borrower that is           organized under
the laws of a jurisdiction other than the United States, any           state thereof or
the District of Columbia (i) may borrow Revolving Loans prior           to the tenth
Business Day after the Agent has distributed copies of the           applicable
Subsidiary Borrower Supplement pursuant to the last sentence of clause (a) or (ii)
may borrow or maintain Revolving Loans if any           Revolving Lender has notified the
Agent (which notice has not been withdrawn)           that such Revolving Lender has
determined in good faith that, as the result of           the introduction of, any change
in, or any change in the interpretation or           administration of any applicable law
or regulation or any guideline or request           from any central bank or other
Governmental Authority (whether or not having the           force of law), in each case
after the date on which such Subsidiary Borrower was           first eligible to borrow
pursuant to the foregoing clause (i), such           Revolving Lender cannot make
or maintain Loans to such Subsidiary Borrower           without (x) adverse tax or legal
consequences (unless such consequences only           involve the payment of money, in
which case such Subsidiary Borrower may borrow           and maintain Revolving Loans if
it agrees to pay such Lender such amounts as           such Lender determines in good
faith are necessary to compensate such Revolving           Lender for such consequences)
or (y) violating (or raising a substantial           question as to whether such Lender
would violate) any applicable law or           regulation or any guideline or request
from any central bank or other           Governmental Authority (whether or not having
the force of law). Nothing in this clause (b) shall prevent a Subsidiary Borrower
from borrowing Fronted           Offshore Currency Loans.  

        (c)              So
long as the principal of and interest on all Loans made to any Subsidiary
          Borrower under this Agreement shall have been paid in full and all other
          obligations of such Subsidiary Borrower in such capacity (other than any
          contingent indemnification or similar obligation not yet due and payable) shall
          have been fully performed, such Subsidiary Borrower may, upon not less than
five           Business Days’ prior written notice to the Agent (which shall
promptly           notify the Revolving Lenders thereof), terminate its status as a
          “Subsidiary Borrower”.  

46 

ARTICLE III  

THE LETTERS OF CREDIT 

        3.01    The
Letter of Credit Subfacility. (a) On the terms and conditions set forth herein (i)
each Issuer agrees (A) from time to time on any Business Day, during the period from the
Effective Date to the day which is five days prior to the Revolving Termination Date, to
issue Letters of Credit for the account of the Company (or jointly for the account of the
Company and any Subsidiary) in an aggregate Stated Amount in Dollars or any Alternate
Currency at any one time that, the Dollar Equivalent of which, together with the
aggregate Dollar Equivalent of the Stated Amount of all other outstanding Letters of
Credit issued pursuant hereto (including the existing Letters of Credit listed on Schedules
1.01(b) and 1.01(c)), does not exceed the L/C Commitment, and to amend or
renew Letters of Credit previously issued by it, in accordance with subsections 3.02(c) and
3.02(d), and (B) to honor drafts under the Letters of Credit; and (ii) the
Revolving Lenders severally agree to participate in Letters of Credit (including the
existing Letters of Credit listed on Schedules 1.01(b) and 1.01(c)); provided that
no Issuer shall be obligated to Issue, and no Revolving Lender shall be obligated to
participate in, any Letter of Credit if as of the date of Issuance of such Letter of
Credit (the “Issuance Date”) (1) the amount of all L/C Obligations, plus the
Dollar Equivalent principal amount of all Revolving Loans and Swing Line Loans plus the
aggregate amount of all Fronted Offshore Currency Commitments exceeds the Aggregate
Revolving Commitment or (2) the participation of any Revolving Lender in the amount of
all L/C Obligations plus the Dollar Equivalent principal amount of the Revolving
Loans of such Revolving Lender and such Revolving Lender’s Revolving Percentage of
any outstanding Swing Line Loans and Fronted Offshore Currency Commitments exceeds such
Lender’s Revolving Commitment. Within the foregoing limits, and subject to the other
terms and conditions hereof, the Company’s ability to obtain Letters of Credit shall
be fully revolving, and, accordingly, the Company may, during the foregoing period,
obtain Letters of Credit to replace Letters of Credit which have expired or which have
been drawn upon and reimbursed.  

        (b)              No
Issuer is under any obligation to, and no Issuer shall, Issue any Letter of
          Credit if:  

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

	 	        (ii)          such
Issuer has received written notice from any Revolving Lender, the Agent or           the
Company, on or prior to the Business Day prior to the requested date of
          Issuance of such Letter of Credit, that one or more of the applicable
conditions           contained in Article V is not then satisfied;  

47 

	 	        (iii)              the
expiry date of any requested Letter of Credit is (A) more than 730 days           after
the date of Issuance or (B) more than 730 days after the scheduled           Revolving
Termination Date, unless (1) the Required Lenders have approved           such
expiry date in writing or (2) such Letter of Credit is a Surety L/C;  

	 	        (iv)              the
expiry date of any requested Letter of Credit is prior to the maturity date           of
any financial obligation to be supported by the requested Letter of Credit;  

	 	        (v)              any
requested Letter of Credit does not provide for drafts, or is not otherwise           in
form and substance acceptable to such Issuer, or the Issuance of a Letter of
          Credit shall violate any applicable policies of such Issuer;  

	 	        (vi)              such
Letter of Credit is to be denominated in a currency other than Dollars or           any
Offshore Currency; or  

	 	        (vii)              a
default of any Lender’s obligations to fund under Section 3.03          exists
or any Revolving Lender is at such time a Defaulting Lender hereunder,           unless
such Issuer has entered into satisfactory arrangements with the Company           or such
Lender to eliminate such Issuer’s risk with respect to such Lender.  

        (c)              Notwithstanding
the foregoing, not more than $25,000,000 in aggregate Stated           Amount of Letters
of Credit may have expiry dates beyond the scheduled Revolving           Termination
Date.  

        3.02    Issuance,
Amendment and Renewal of Letters of Credit. (a) Each Letter of Credit shall be issued
upon the irrevocable written request of the Company received by the applicable Issuer
(with a copy sent by such Issuer to the Agent) at least three days (or such shorter time
as such Issuer may agree in a particular instance in its sole discretion) prior to the
proposed date of issuance; provided that five days’ prior notice (or such
shorter time as such Issuer may agree in a particular instance in its sole discretion)
shall be required in respect of each Letter of Credit to be denominated in an Offshore
Currency. Each such request for issuance of a Letter of Credit shall be by facsimile,
confirmed immediately in an original writing (if required by the applicable Issuer), in
the form of an L/C Application (or such other form as shall be acceptable to such
Issuer), or shall be by online letter of credit software acceptable to such Issuer, and
shall specify in form and detail satisfactory to such Issuer: (i) the proposed date of
issuance of such Letter of Credit (which shall be a Business Day); (ii) the face amount
of such Letter of Credit; (iii) the expiry date of such Letter of Credit; (iv) the name
and address of the beneficiary thereof; (v) the documents to be presented by the
beneficiary of such Letter of Credit in case of any drawing thereunder; (vi) the full
text of any certificate to be presented by the beneficiary in case of any drawing
thereunder; (vii) the currency in which such Letter of Credit is to be denominated, which
shall be Dollars or an Offshore Currency; and (viii) such other matters as such Issuer
may require.  

48 

        (b)              At
least two Business Days prior to the Issuance of any Letter of Credit (or           such
shorter time as the Agent may agree in a particular instance in its sole
          discretion), the applicable Issuer will confirm with the Agent (by telephone or
          in writing) that the Agent has received a copy of the L/C Application or L/C
          Amendment Application and, if not, such Issuer will provide the Agent with a
          copy thereof. Unless the applicable Issuer has received notice on or before the
          Business Day immediately preceding the date such Issuer is to issue a requested
          Letter of Credit from the Agent (A) directing such Issuer not to issue such
          Letter of Credit because such issuance is not then permitted under subsection
          3.01(a) as a result of the limitations set forth in clauses (1) and
(2) thereof or subsection 3.01(b)(ii); or (B) that one or more
          conditions specified in Article V are not then satisfied; then, subject
          to the terms and conditions hereof, such Issuer shall, on the requested date,
          issue a Letter of Credit for the account of the Company in accordance with such
          Issuer’s usual and customary business practices.  

        (c)              From
time to time while a Letter of Credit is outstanding and prior to the           Revolving
Termination Date, the applicable Issuer will, upon the written request           of the
Company received by such Issuer (with a copy sent by such Issuer to the           Agent)
at least three days (or such shorter time as such Issuer may agree in a
          particular instance in its sole discretion) prior to the proposed date of
          amendment, amend any Letter of Credit issued by it. Each such request for
          amendment of a Letter of Credit shall be made by facsimile, confirmed
          immediately in an original writing (if required by the applicable Issuer), made
          in the form of an L/C Amendment Application or through on-line letter of credit
          software acceptable to such Issuer, and shall specify in form and detail
          satisfactory to such Issuer: (i) the Letter of Credit to be amended; (ii) the
          proposed date of amendment of such Letter of Credit (which shall be a Business
          Day); (iii) the nature of the proposed amendment; and (iv) such other matters
as           such Issuer may require. No Issuer shall be under any obligation to amend
any           Letter of Credit if: (A) such amendment would extend the expiry date for,
or           increase the amount of, such Letter of Credit and such Issuer would have no
          obligation at such time to issue such Letter of Credit in its amended form
under           the terms of this Agreement; or (B) the beneficiary of such Letter of
Credit           does not accept such amendment (and no Issuer shall so amend any Letter
of           Credit if such Issuer has received a notice of the type described in the
second           sentence of subsection 3.02(b)). The Agent will promptly notify
the           Revolving Lenders of the receipt by it of any L/C Application or L/C
Amendment           Application.  

        (d)              Each
Issuer and the Revolving Lenders agree that, while a Letter of Credit           issued by
such Issuer is outstanding and prior to the Revolving Termination           Date, at the
option of the Company and upon the written request of the Company           received by
such Issuer (with a copy sent by such Issuer to the Agent) at least           three days
(or such shorter time as such Issuer may agree in a particular           instance in its
sole discretion) prior to the proposed date of notification of           renewal, such
Issuer shall be entitled to authorize the automatic renewal of any           Letter of
Credit issued by it. Each such request for renewal of a Letter of           Credit shall
be made by facsimile, confirmed immediately in an original writing           (if required
by the applicable Issuer), in the form of an L/C Amendment           Application or
through on-line letter of credit software acceptable to such           Issuer, and shall
specify in form and detail satisfactory to such Issuer: (i)           the Letter of
Credit to be renewed; (ii) the proposed date of notification of           renewal of such
Letter of Credit (which shall be a Business Day); (iii) the           revised expiry date
of such Letter of Credit; and (iv) such other matters as           such Issuer may
require. No Issuer shall be under any obligation so to renew any           Letter of
Credit if: (A) such Issuer would have no obligation at such time to           issue or
amend such Letter of Credit in its renewed form under the terms of this
          Agreement; or (B) the beneficiary of such Letter of Credit does not accept the
          proposed renewal of such Letter of Credit (and no Issuer shall so renew any
          Letter of Credit if such Issuer has received a notice of the type described in
          the second sentence of subsection 3.02(b)). If any outstanding Letter of
          Credit shall provide that it shall be automatically renewed unless the
          beneficiary thereof receives notice from the applicable Issuer that such Letter
          of Credit shall not be renewed, and if at the time of renewal such Issuer would
          be entitled to authorize the automatic renewal of such Letter of Credit in
          accordance with this subsection 3.02(d) upon the request of the Company
          but such Issuer shall not have received any L/C Amendment Application from the
          Company with respect to such renewal or other written direction by the Company
          with respect thereto, such Issuer shall nonetheless be permitted to allow such
          Letter of Credit to renew, and the Company and the Revolving Lenders hereby
          authorize such renewal, and, accordingly, such Issuer shall be deemed to have
          received an L/C Amendment Application from the Company requesting such renewal.  

49 

        (e)              Each
Issuer may, at its election (or as required by the Agent at the direction           of
the Required Revolving Lenders), deliver any notice of termination or other
          communication to any Letter of Credit beneficiary or transferee, and take any
          other action as necessary or appropriate, at any time and from time to time, in
          order to cause the expiry date of such Letter of Credit to be a date not later
          than the 730 days after the Revolving Termination Date.  

        (f)              This
Agreement shall control in the event of any conflict with any L/C-Related
          Document (other than any Letter of Credit).  

        (g)              Each
Issuer will also deliver to the Agent, concurrently or promptly following           its
delivery of a Letter of Credit, or amendment to or renewal of a Letter of
          Credit, to an advising bank or a beneficiary, a true and complete copy of each
          such Letter of Credit or amendment to or renewal of a Letter of Credit.  

        3.03    Risk
Participations, Drawings and Reimbursements. (a) Immediately upon the Issuance of a
Letter of Credit by an Issuer, each Revolving Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from such Issuer a participation in
such Letter of Credit and each drawing thereunder in an amount equal to the product of
(i) the Revolving Percentage of such Revolving Lender, times (ii) the Dollar Equivalent
of the maximum amount available to be drawn under such Letter of Credit and the amount of
such drawing, respectively. For purposes of Section 2.01, each Issuance of a
Letter of Credit shall be deemed to utilize the Revolving Commitment of each Revolving
Lender by an amount equal to the amount of such participation.  

        (b)              In
the event of any request for a drawing under a Letter of Credit by the
          beneficiary or transferee thereof, the applicable Issuer will promptly notify
          the Company. The Company shall (or, if the applicable Letter of Credit was
          issued jointly for the account of the Company and a Subsidiary, shall cause
such           Subsidiary to) reimburse the applicable Issuer prior to 11:00 a.m. (local
time)           on each date that any amount is paid by such Issuer under any Letter of
Credit           (each such date, an “Honor Date”) in the same currency
as was           paid by such Issuer or, at the Company’s option, in an amount in
Dollars           equal to the Dollar Equivalent of the amount so paid by such Issuer; provided that
if the Company does not receive notice of the amount paid           by such Issuer prior
to 10:00 a.m. (Chicago time) on such Honor Date, the           Company shall (or shall
cause the applicable Subsidiary to) reimburse such           Issuer not later than 10:00
a.m. (local time) on the Business Day immediately           following the date on which
the Company receives notice of the amount so paid by           such Issuer (and such
reimbursement shall include interest for the period from           the Honor Date to the
date of reimbursement at the Base Rate (or such other rate           as the Company and
such Issuer shall agree) on the Dollar Equivalent amount of           the amount so
reimbursed). If the Company or the applicable Subsidiary fails to           reimburse an
Issuer for the full amount of any drawing under any Letter of           Credit by the
time specified in the previous sentence, such Issuer will promptly           notify the
Agent and the Agent will promptly notify each Revolving Lender           thereof, and the
Company shall be deemed to have requested that Revolving Loans           consisting of
Base Rate Loans in a Dollar Equivalent amount equal to such           unreimbursed amount
be made by the Revolving Lenders on the date of receipt by           the Agent of such
notice (or, if such notice is received by the Agent after           11:00 a.m. (Chicago
time) on any Business Day, on the immediately following           Business Day, subject
to the amount of the unutilized portion of the Aggregate           Revolving Commitment
and subject to the conditions set forth in Section           5.02. Any notice
given by an Issuer or the Agent pursuant to this subsection 3.03(b) may be oral if
immediately confirmed in writing           (including by facsimile); provided that
the lack of such an immediate           confirmation shall not affect the conclusiveness
or binding effect of such           notice.  

50 

        (c)              Each
Revolving Lender shall upon any notice pursuant to subsection           3.03(b) make
available to the Agent for the account of the relevant Issuer           an amount in
Dollars and in immediately available funds equal to its Revolving           Percentage of
the Dollar Equivalent of the amount of the drawing, whereupon the           participating
Revolving Lenders shall (subject to subsection 3.03(d))          each be deemed to
have made a Revolving Loan consisting of a Base Rate Loan to           the Company in
that amount. If any Revolving Lender so notified fails to make           available to the
Agent for the account of the relevant Issuer the amount of such           Revolving Lender’s
Revolving Percentage of the Dollar Equivalent of the           amount of the drawing by
no later than 12:00 noon (local time) on the Honor           Date, then interest shall
accrue on such Revolving Lender’s obligation to           make such payment, from
the Honor Date to the date such Revolving Lender makes           such payment, at a rate
per annum equal to the Federal Funds Rate in effect from           time to time during
such period. The Agent will promptly give notice of the           occurrence of the Honor
Date, but failure of the Agent to give any such notice           on the Honor Date or in
sufficient time to enable any Revolving Lender to effect           such payment on such
date shall not relieve such Revolving Lender from its           obligations under this Section
3.03.  

        (d)              With
respect to any unreimbursed drawing that is not converted into Revolving           Loans
consisting of Base Rate Loans to the Company in whole or in part, because           of
the Company’s failure to satisfy the conditions set forth in Section
          5.02 or for any other reason, the Company shall be deemed to have incurred
          from the applicable Issuer an L/C Borrowing in the Dollar Equivalent of the
          amount of such drawing, which L/C Borrowing shall be due and payable on demand
          (together with interest) and shall bear interest at a rate per annum equal to
          the Base Rate plus 2.0% per annum, and each Revolving Lender’s
          payment to such Issuer pursuant to subsection 3.03(c) shall be deemed
          payment in respect of its participation in such L/C Borrowing and shall
          constitute an L/C Advance from such Revolving Lender in satisfaction of its
          participation obligation under this Section 3.03.  

51 

        (e)              Each
Revolving Lender’s obligation in accordance with this Agreement to           make
the Revolving Loans or L/C Advances, as contemplated by this Section           3.03,
as a result of a drawing under a Letter of Credit, shall be absolute           and
unconditional and without recourse to the applicable Issuer and shall not be
          affected by any circumstance, including (i) any set-off, counterclaim,
          recoupment, defense or other right which such Revolving Lender may have against
          such Issuer, the Company or any other Person for any reason whatsoever; (ii)
the           occurrence or continuance of a Default, an Event of Default or a Material
          Adverse Effect; or (iii) any other circumstance, happening or event whatsoever,
          whether or not similar to any of the foregoing; provided that each
          Revolving Lender’s obligation to make Revolving Loans under this Section
          3.03 is subject to the conditions set forth in Section 5.02.  

        3.04    Repayment
of Participations. (a) Upon (and only upon) receipt by the Agent for the account of
the applicable Issuer of immediately available funds in Dollars from the Company (i) in
reimbursement of any payment made by such Issuer under the Letter of Credit with respect
to which any Revolving Lender has paid the Agent for the account of such Issuer for such
Revolving Lender’s participation in the Letter of Credit pursuant to Section 3.03 or
(ii) in payment of interest thereon, the Agent will promptly pay to each Revolving
Lender, in the same funds as those received by the Agent for the account of such Issuer,
the amount of such Revolving Lender’s Revolving Percentage of such funds, and such
Issuer shall receive the amount of the Revolving Percentage of such funds of any
Revolving Lender that did not so pay the Agent for the account of such Issuer.  

        (b)              If
the Agent or an Issuer is required at any time to return to the Company, or           to
a trustee, receiver, liquidator, custodian, or any official in any Insolvency
          Proceeding, any portion of the payments made by the Company to the Agent for
the           account of such Issuer pursuant to subsection 3.04(a) in
reimbursement of           a payment made under the applicable Letter of Credit or
interest or fee thereon,           each Revolving Lender shall, on demand of the Agent,
forthwith return to the           Agent or such Issuer the amount of its Revolving
Percentage of any amounts so           returned by the Agent or such Issuer plus interest
thereon from the date           such demand is made to the date such amounts are returned
by such Revolving           Lender to the Agent or such Issuer, at a rate per annum equal
to the Federal           Funds Rate in effect from time to time.  

        3.05    Role
of the Issuers. (a) Each Lender and the Company agree that, in paying any drawing
under a Letter of Credit, the applicable Issuer shall not have any responsibility to
obtain any document (other than any sight draft and certificates 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.  

        (b)              No
Agent-Related Person nor any of the respective correspondents, participants           or
assignees of the Issuers 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 Revolving Lenders (including the Required Revolving Lenders or all
Revolving           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 L/C-Related Document.  

52 

        (c)              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          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. No Agent-Related           Person, nor
any of the respective correspondents, participants or assignees of           any Issuer,
shall be liable or responsible for any of the matters described in clauses (i) through
(vi) of Section 3.06; provided          that anything in such
clauses to the contrary notwithstanding, the Company may           have a claim against
an Issuer, and an 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 such Issuer’s
willful misconduct or gross negligence, such           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 or such           other actions or omissions as may be
agreed between the Company and such Issuer           (it being understood that any such
claim shall be solely against the applicable           Issuer and shall not affect the
Company’s obligations hereunder to the           other parties hereto). In
furtherance and not in limitation of the foregoing:           (i) any 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 (ii) no Issuer shall 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.  

        3.06    Obligations
Absolute. The obligations of the Company under this Agreement and any L/C-Related
Document to reimburse the applicable Issuer for a drawing under a Letter of Credit, and
to repay any L/C Borrowing and any drawing under a Letter of Credit converted into
Revolving Loans, shall be unconditional and irrevocable, and shall be paid strictly in
accordance with the terms of this Agreement and each such other L/C-Related Document
under all circumstances, including the following:  

	 	        (i)              any
lack of validity or enforceability of this Agreement or any L/C-Related
          Document;  

	 	        (ii)              any
change in the time, manner or place of payment of, or in any other term of,           all
or any of the obligations of the Company in respect of any Letter of Credit           or
any other amendment or waiver of or any consent to departure from all or any           of
the L/C-Related Documents;  

	 	        (iii)              the
existence of any claim, set-off, defense or other right that the Company may
          have at any time against any beneficiary or any transferee of any Letter of
          Credit (or any Person for whom any such beneficiary or any such transferee may
          be acting), such Issuer or any other Person, whether in connection with this
          Agreement, the transactions contemplated hereby or by the L/C-Related Documents
          or any unrelated transaction;  

	 	        (iv)              any
draft, demand, certificate or other document presented under any 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 transmission or otherwise of any document required in order to
          make a drawing under any Letter of Credit;  

53 

	 	        (v)              any
payment by such Issuer under any Letter of Credit against presentation of a
          draft or certificate that does not strictly comply with the terms of any Letter
          of Credit; or any payment made by such Issuer under any 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 any Letter of Credit,
          including any arising in connection with any Insolvency Proceeding;  

	 	        (vi)              any
exchange, release or non-perfection of any collateral, or any release or
          amendment or waiver of or consent to departure from any other guarantee, for
all           or any of the obligations of the Company in respect of any Letter of
Credit; or  

	 	        (vii)              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 a guarantor.  

        3.07    Backup
Support. The Company will, not later than five Business Days prior to the scheduled
Revolving Termination Date (or, if earlier, the date of termination or reduction to zero
of the Aggregate Revolving Commitment), cause each Letter of Credit to be a Supported
Letter of Credit.  

        3.08    Letter
of Credit Fees. (a) The Company shall pay to the Agent for the account of each of the
Revolving Lenders a letter of credit fee with respect to the Letters of Credit equal to
the Applicable LC Fee Rate times the Dollar Equivalent of the average daily maximum
amount available to be drawn of the outstanding Letters of Credit at any time during the
remaining term thereof, computed on a quarterly basis in arrears on the last Business Day
of each calendar quarter based upon Letters of Credit outstanding for that quarter as
calculated by the Agent. Such letter of credit fees shall be due and payable quarterly in
arrears on the last Business Day of each calendar quarter during which Letters of Credit
are outstanding, commencing on the first such quarterly date to occur after the Effective
Date, through the Revolving Maturity Date (or such later date upon which the outstanding
Letters of Credit shall expire), with the final payment to be made on the Revolving
Maturity Date (or such later expiration date).  

        (b)              The
Company shall pay to each Issuer a letter of credit fronting fee with           respect
to the Letters of Credit issued by such Issuer in the amounts and at the           times
agreed to by the Company and such Issuer.  

        (c)              The
Company shall pay to each Issuer from time to time on demand the normal
          issuance, presentation, amendment and other processing fees, and other standard
          costs and charges, of such Issuer relating to letters of credit as from time to
          time in effect.  

        3.09    Applicability
of ISP98 and UCP. Unless otherwise expressly agreed by the applicable Issuer and the
Company when a Letter of Credit is issued (including any such agreement applicable to a
Letter of Credit outstanding on the date hereof), (a) the rules of the “International
Standby Practices 1998” published by the Institute of International Banking Law &Practice
(or such later version thereof as may be in effect at the time of issuance) (“ISP98”)
shall apply to each standby Letter of Credit, and (b) the rules of the Uniform Customs
and Practice for Documentary Credits, as most recently published by the International
Chamber of Commerce at the time of issuance (the “UCP”) shall apply to
each commercial Letter of Credit (it being understood that the Company may request that
any particular Letter of Credit be governed by either ISP98 or the UCP, as selected by
the Company).  

54 

        3.10    Utilization
of Offshore Currencies. In the case of a proposed Issuance of a Letter of Credit
denominated in an Offshore Currency, the applicable Issuer shall be under no obligation
to issue such Letter of Credit if such Issuer cannot issue Letters of Credit denominated
in the requested Offshore Currency, in which event such Issuer will give notice to the
Company no later than 10:30 a.m. (local time) on the third Business Day prior to the date
of such issuance that the Issuance in the requested Offshore Currency is not then
available. If the applicable Issuer shall have so notified the Company that any such
Issuance in a requested Offshore Currency is not then available, then such requested
Letter of Credit shall not be issued unless the Company, by notice to such Issuer not
later than 5:00 p.m. (local time) three Business Days prior to the requested date of such
Issuance, requests that the Letter of Credit be denominated in Dollars and issued in an
equivalent aggregate amount, in which case the Letter of Credit shall be so denominated
and issued.  

ARTICLE IV  

TAXES, YIELD
PROTECTION AND ILLEGALITY 

        4.01    Taxes.
(a) Any and all payments by each Borrower to each Lender or the Agent under this
Agreement and any other Loan Document shall be made free and clear of, and without
deduction or withholding for, any Taxes. In addition, each Borrower shall pay all Other
Taxes.  

        (b)              If
any Borrower shall be required by law to deduct or withhold any Taxes, Other
          Taxes or Further Taxes from or in respect of any sum payable hereunder to any
          Lender or the Agent, then:  

	 	        (i)              the
sum payable shall be increased as necessary so that, after making all           required
deductions and withholdings (including deductions and withholdings           applicable
to additional sums payable under this Section), such Lender or the           Agent, as
the case may be, receives and retains an amount equal to the sum it           would have
received and retained had no such deductions or withholdings been           made;  

	 	        (ii)              such
Borrower shall make such deductions and withholdings;  

	 	        (iii)              such
Borrower shall pay the full amount deducted or withheld to the relevant           taxing
authority or other authority in accordance with applicable law; and  

	 	        (iv)              such
Borrower shall also pay to each Lender or the Agent for the account of such
          Lender, at the time interest is paid, Further Taxes in the amount that such
          Lender specifies as necessary to preserve the after-tax yield such Lender would
          have received if such Taxes, Other Taxes or Further Taxes had not been imposed.  

55 

        (c)              Each
Borrower agrees to indemnify and hold harmless each Lender and the Agent           for
the full amount of (i) Taxes, (ii) Other Taxes, and (iii) Further Taxes in           the
amount that such Lender or the Agent, respectively, specifies as necessary           to
preserve the after-tax yield the Lender would have received if such Taxes,
          Other Taxes or Further Taxes had not been imposed, and any liability (including
          penalties (except to the extent arising from the gross negligence or willful
          misconduct of such Lender or the Agent, respectively), interest, additions to
          tax and expenses) arising therefrom or with respect thereto, whether or not
such           Taxes, Other Taxes or Further Taxes were correctly or legally asserted.
Payment           under this indemnification shall be made within 30 days after the date
such           Lender or the Agent makes written demand therefor.  

        (d)              Within
30 days after the date of any payment by any Borrower of Taxes, Other           Taxes or
Further Taxes, such Borrower shall furnish to each applicable Lender or           the
Agent the original or a certified copy of a receipt evidencing payment           thereof,
or other evidence of payment satisfactory to such Lender or the Agent.  

        (e)              If
such Borrower is required to pay any amount to any Lender or the Agent for           the
account of such Lender pursuant to subsection (b) or (c) of           this
Section, then such Lender shall use reasonable efforts (consistent with           legal
and regulatory restrictions) to change the jurisdiction of its Lending           Office
so as to eliminate any such additional payment by such Borrower which may
          thereafter accrue, if such change in the sole judgment of such Lender is not
          otherwise disadvantageous to such Lender.  

        (f)              Each
Lender shall, promptly upon request by the Company, deliver to the Company
          copies of all completed and executed forms reasonably deemed necessary by any
          Borrower in connection with the payment of amounts demanded by such Lender
          pursuant to the foregoing subsection (c).  

        4.02    Illegality.
(a) If any Lender determines that the introduction after the date hereof of any
Requirement of Law, or any change after the date hereof in any Requirement of Law or in
the interpretation or administration of any Requirement of Law, has made it unlawful, or
that any central bank or other Governmental Authority has asserted that it is unlawful,
for any Lender or its applicable Lending Office to make, maintain or fund Offshore Rate
Loans, or to determine or charge interest rates based upon the Offshore 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 in the interbank market, then, on
notice thereof by the Lender to the Company through the Agent, any obligation of that
Lender to make or continue Offshore Rate Loans or to convert Base Rate Loans to Offshore
Rate Loans shall be suspended until such Lender notifies the Agent and the Company that
the circumstances giving rise to such determination no longer exist, at which time such
Lender shall promptly notify the Agent and the Company and such Lender’s obligation
to make Offshore Rate Loans shall be reinstated.  

        (b)              If
a Lender determines that it is unlawful to maintain any Offshore Rate Loan,           the
applicable Borrower shall, upon the receipt by the Company of notice of such
          fact and demand from such Lender (with a copy to the Agent), prepay in full
such           Offshore Rate Loans of that Lender then outstanding, together with
interest           accrued thereon and amounts required under Section 4.04, either
on the           last day of the Interest Period thereof, if the Lender may lawfully
continue to           maintain such Offshore Rate Loans to such day, or immediately, if
the Lender may           not lawfully continue to maintain such Offshore Rate Loan. If a
Borrower is           required to so prepay any Offshore Rate Loan, then concurrently
with such           prepayment, the Company (regardless of whether the Company is the
initial           Borrower) shall borrow from the affected Lender, in the amount of such
          repayment, a Base Rate Loan.  

56 

        (c)              If
the obligation of any Lender to make or maintain Offshore Rate Loans has been
          so terminated or suspended, the Company may elect, by giving notice to the
          Lender through the Agent that all Loans which would otherwise be made or
          maintained by the Lender as Offshore Rate Loans shall be instead made or
          maintained as Base Rate Loans.  

        (d)              Before
giving any notice to the Agent under this Section, the affected Lender           shall
designate a different Lending Office with respect to its Offshore Rate           Loans if
such designation will avoid the need for giving such notice or making           such
demand and will not, in the good faith judgment of such Lender, be illegal           or
otherwise disadvantageous to such Lender.  

        4.03    Increased
Costs and Reduction of Return. (a) If any Lender determines in good faith that, due
to either (i) the introduction of or any change (other than any change by way of
imposition of or increase in reserve requirements included in the calculation of the
Offshore Rate) in or in the interpretation of any law or regulation made after the
Effective Date or (ii) the compliance by that Lender with any guideline or request
from any central bank or other Governmental Authority (whether or not having the force of
law), there shall be any increase in the cost to such Lender of agreeing to make or
making, funding or maintaining any Offshore Rate Loans or participating in Letters of
Credit or Fronted Offshore Currency Loans, as applicable, or any reduction in the amount
of any sum received or receivable by such Lender hereunder, or, in the case of any
Issuer, any increase in the cost to such Issuer of agreeing to issue, issuing or
maintaining any Letter of Credit or of agreeing to make or making, funding or maintaining
any unpaid drawing under any Letter of Credit or any reduction in the amount of any sum
received or receivable by such Issuer hereunder, then such Borrower shall be liable for,
and shall from time to time, within 10 days after demand (with a copy of such demand to
be sent to the Agent), pay to the Agent for the account of such Lender, additional
amounts as are sufficient to compensate such Lender for such increased costs or
reduction.  

        (b)              If
any Lender shall have determined that (i) the introduction of any Capital
          Adequacy Regulation made after the Effective Date, (ii) any change in any
          Capital Adequacy Regulation made after the Effective Date, (iii) any change in
          the interpretation or administration of any Capital Adequacy Regulation by any
          central bank or other Governmental Authority charged with the interpretation or
          administration thereof made after the Effective Date, or (iv) compliance by
such           Lender (or its Lending Office) or any corporation controlling such Lender
with           any Capital Adequacy Regulation, affects or would affect the amount of
capital           required or expected to be maintained by such Lender or any corporation
          controlling such Lender and (taking into consideration such Lender’s or
          such corporation’s policies with respect to capital adequacy and such
          Lender’s desired return on capital) determines that the amount of such
          capital is increased as a consequence of its Commitments, loans, letters of
          credit, credits or obligations under this Agreement, then, within 10 days after
          demand of such Lender to the Company through the Agent, the applicable Borrower
          shall pay to such Lender, from time to time as specified by such Lender,
          additional amounts sufficient to compensate such Lender for such increase.  

57 

        4.04    Funding
Losses. Each Borrower shall reimburse each Lender upon demand and hold each Lender
harmless from any loss or expense which such Lender may sustain or incur as a consequence
of:  

        (a)              the
failure of such Borrower to make on a timely basis any payment of principal           of
any Offshore Rate Loan;  

        (b)              the
failure of such Borrower to borrow, continue or convert a Loan after such
          Borrower has given (or is deemed to have given) a Notice of Borrowing or a
          Notice of Conversion/Continuation;  

        (c)              the
failure of such Borrower to make any prepayment in accordance with any           notice
delivered under Section 2.10;  

        (d)              any
continuation, conversion, prepayment (including pursuant to Section           2.11)
or other payment (including after acceleration thereof or pursuant to subsection
2.08(c)) of an Offshore Rate Loan on a day that is not the           last day of the
relevant Interest Period;  

        (e)              any
assignment of an Offshore Rate Loan on a day other than the last day of the
          relevant Interest Period as a result of a request by the Company pursuant to Section
4.07; or  

        (f)              the
automatic conversion under Section 2.04 of any Offshore Rate Loan to           a
Base Rate Loan on a day that is not the last day of the relevant Interest
          Period;  

including any such loss or expense
arising from the liquidation or reemployment of funds obtained by it to maintain its
Offshore Rate Loans or from fees payable to terminate the deposits from which such funds
were obtained. For purposes of calculating amounts payable by the Borrowers to the Lenders
under this Section and under subsection 4.03(a), each Offshore Rate Loan made by a
Lender (and each related reserve, special deposit or similar requirement) shall be
conclusively deemed to have been funded at the Offshore Base Rate used in determining the
Offshore Rate for such Offshore Rate Loan by a matching deposit or other borrowing in the
interbank eurodollar market for a comparable amount and for a comparable period, whether
or not such Offshore Rate Loan was in fact so funded. 

        4.05    Inability
to Determine Rates. If the Agent determines that for any reason that (a) deposits
(whether in Dollars or an Alternate Currency) are not being offered to banks in the
offshore interbank eurodollar market for the applicable amount and Interest Period of
such Offshore Rate Loan, (b) adequate and reasonable means do not exist for determining
the Offshore Rate for an Applicable Currency for any requested Interest Period with
respect to a proposed Offshore Rate Loan or (c) the Offshore Rate applicable pursuant to
subsection 2.13(a) for an Applicable Currency for any requested Interest Period
with respect to a proposed Offshore Rate Loan does not adequately and fairly reflect the
cost to the applicable Lenders of funding such Loan, the Agent will promptly so notify
the Company and each applicable Lender. Thereafter, the obligation of the Lenders to make
or maintain Offshore Rate Loans hereunder in such Applicable Currency shall be suspended
until the Agent revokes such notice in writing. Upon receipt of such notice, the Company
may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by
it or any other Borrower. If the Company does not revoke such Notice, then the applicable
Lenders shall make, convert or continue the Loans, as proposed by the Company, in the
amount specified in the applicable notice submitted by the Company, but such Loans shall
be made, converted or continued as Base Rate Loans instead of Offshore Rate Loans, as the
case may be, and such Loans shall be assumed by the Company notwithstanding the fact that
the Loans may initially have been made to a Subsidiary Borrower.  

58 

        4.06    Certificates
of Lenders. Any Lender claiming reimbursement or compensation under this Article IV shall
deliver to the Company (with a copy to the Agent) contemporaneously with the demand for
payment a certificate setting forth in reasonable detail the basis for, and a calculation
of, the amount payable to such Lender hereunder and such certificate shall be conclusive
and binding on the applicable Borrower in the absence of manifest error.  

        4.07    Substitution
of Lenders.Upon any Lender becoming a Defaulting Lender or upon the receipt by the
Company from any Lender (together with any Defaulting Lender, an “Affected Lender”)
of a claim for compensation under Section 4.03, of notice that it cannot make or
maintain Offshore Rate Loans under Section 4.02, or of a claim for Taxes, Other
Taxes or Further Taxes under Section 4.01, then the Agent, at the Company’s
direction and at the sole cost and expense of the Company, shall: (i) request such
Affected Lender to use good faith efforts to obtain a replacement bank or financial
institution satisfactory to the Company to acquire and assume all or a ratable portion of
all of such Affected Lender’s Loans and Commitments at the face amount thereof,
together with accrued and unpaid interest, fees and other amounts due to such Affected
Lender with respect to such ratable portion (a “Replacement Lender”);
(ii) request one more of the other applicable Lenders to acquire and assume all or part
of such Affected Lender’s Loans and Commitments; or (iii) designate a Replacement
Lender. Any such designation of a Replacement Lender under clause (i) or (iii) shall
be subject to the prior written consent of the Agent (which consent shall not be
unreasonably withheld).  

        4.08    Notice
of Defaulting Lender. The Agent agrees to promptly notify the Company upon any Lender
becoming a Defaulting Lender (but the Agent shall have no liability for any failure to
give, or any delay in giving, any such notice).  

        4.09    Survival.
The agreements and obligations of the Borrowers in this Article IV shall survive
the payment of all other Obligations, and no Borrower will have an obligation to pay any
amount hereunder unless a demand is made within 180 days after the date upon which the
Agent’s or applicable Lender’s right to reimbursement arises.  

ARTICLE V  

CONDITIONS PRECEDENT 

        5.01    Conditions
to Effectiveness and Initial Credit Extension. This Agreement shall not become
effective, and no Lender or Issuer shall be required to make the initial Credit Extension
hereunder, unless and until the Agent shall have received all of the following, in form
and substance satisfactory to the Agent and each Lender, and in the case of documents, in
the number of originals requested by the Agent (except that only one original of each
Note shall be signed):  

59 

        (a)    Credit
Agreement and Notes. This Agreement and each requested Note           executed by
each party thereto.  

        (b)    Resolutions;
Incumbency.  

	 	        (i)              Copies
of the resolutions of the board of directors (or similar governing body)           of
each Loan Party authorizing the transactions contemplated by the Loan           Documents
to which it is a party, certified as of the Effective Date by the           Secretary, an
Assistant Secretary or a similar officer of such Loan Party; and  

	 	        (ii)              A
certificate of the Secretary, an Assistant Secretary or a similar officer of
          each Loan Party certifying the names and true signatures of the officers of
such           Loan Party authorized to execute, deliver and perform all Loan Documents
to be           delivered by it hereunder.  

        (c)    Organization
Documents; Good Standing. Each of the following documents:  

	 	        (i)              the
articles or certificate of formation (or similar charter document) and the
          bylaws (or similar governing documents) of each Loan Party as in effect on the
          Effective Date, certified by the Secretary or an Assistant Secretary or a
          similar officer of such Loan Party as of the Effective Date; and  

	 	        (ii)              a
good standing certificate or certificate of status for each Loan Party from           the
Secretary of State (or similar, applicable Governmental Authority) of its
          jurisdiction of formation.  

        (d)    Legal
Opinions. An opinion of (i) Foley & Lardner LLP, counsel to the           Loan
Parties, addressed to the Agent and the Lenders, (ii) Skadden, Arps, Slate,
          Meagher & Flom LLP, special Texas counsel to various Loan Parties, and
(iii)           Schnader Harrison Segal & Lewis LLP, special Pennsylvania counsel to
various           Loan Parties.  

        (e)    Security
Agreement. The Security Agreement executed by each Loan Party.  

        (f)    Subsidiary
Guaranty. The Subsidiary Guaranty executed by each Guarantor.  

        (g)    Pledge
Agreement. The Pledge Agreement executed by the Company and each           other Loan
Party that owns any stock of or other equity interest that is           required to be
pledged pursuant to the provisions hereof, together with (to the           extent
applicable) original stock certificates representing all shares to be           pledged
thereunder and corresponding stock powers executed in blank.  

        (h)    Insurance.
Evidence satisfactory to the Agent of the existence of           insurance required to be
maintained pursuant to Section 7.06 or the           provisions of any other
Loan Document, together with endorsements naming the           Agent as (a) an additional
insured (with respect to liability policies) and (b)           loss payee (in the case of
casualty policies).  

60 

        (i)    Payment
of Fees. Evidence of payment by the Company of all accrued and           unpaid fees,
costs and expenses to the extent then due and payable on the           Effective Date,
together with Attorney Costs of the Agent to the extent invoiced           prior to or on
the Effective Date, plus such additional amounts of           Attorney Costs as
shall constitute the Agent’s reasonable estimate of           Attorney Costs
incurred or to be incurred by it through the closing proceedings           (provided that
such estimate shall not thereafter preclude final settling of           accounts between
the Company and the Agent), including any such costs, fees and           expenses arising
under or referenced in Section 2.14 or 11.04.  

        (j)    Certificate.
A certificate signed by a Responsible Officer, dated as of           the Effective Date,
stating that:  

	 	        (i)              the
representations and warranties contained in Article VI (excluding (x) Section
6.05 and subsection 6.11(b) and (y) solely with respect to           JLG and
its Subsidiaries, Sections 6.02(b), 6.07, 6.09 and 6.12) are
true and correct on and as of such date, as though made on and           as of such date;  

	 	        (ii)              the
conditions set forth in Sections 7.2(b) and 7.3(a) of the JLG Merger           Agreement
have been satisfied (or, subject to subsection 6.18, waived in
          accordance with the terms of the JLG Merger Agreement) as of the date of this
          Agreement.  

	 	        (iii)              no
Default or Event of Default exists or would result from the Credit Extension           on
such date; and  

	 	        (iv)              the
representation and warranty set forth in Section 3.9 of the JLG Merger
          Agreement shall be true and correct (subject to the qualifications and
          limitations set forth in Section 7.2(b) of the JLG Merger Agreement).  

        (k)    Search
Results; Lien Terminations. Certified copies of Uniform Commercial           Code
Requests for Information or Copies, or similar search reports certified by           a
party reasonably acceptable to the Agent, dated a date reasonably near the
          Effective Date, listing all effective financing statements that name the
Company           or any Subsidiary (under its present name and any previous name used by
it in           the last five years) as debtors and are filed in the jurisdictions in
which           filings are to be made pursuant to the Collateral Documents, together
with (i)           copies of such financing statements and (ii) authorized copies of
proper Uniform           Commercial Code Form UCC-3 termination statements, if any,
necessary to release           all Liens and other rights of any Person in any collateral
described in the           Collateral Documents previously granted by any Person (other
than Liens           permitted hereunder).  

        (l)    Filings,
Registrations and Recordings. Each document (including Uniform           Commercial
Code financing statements) required by the Collateral Documents or           under law or
reasonably requested by the Agent to be filed, registered or           recorded in order
to create in favor of the Agent, for the benefit of the           Lenders, a perfected
Lien on the collateral described therein, prior and           superior to the Lien of any
other Person (other than Liens permitted hereunder),           in proper form for filing,
registration or recording.  

61 

        (m)    JLG
Merger. Certified copies of the JLG Merger Documents, together with a
          certification by a Responsible Officer that (i) no amendment, waiver or
          modification has been made thereto unless consented to by the Lead Agents (such
          consents not to be unreasonably withheld or delayed and not to be required for
          (x) any amendment or modification to correct an ambiguity or (y) any amendment,
          waiver or modification that could not reasonably be expected to adversely
affect           in any material respect the interests of any Lead Agent or any Lender
under or           in respect of the credit facilities hereunder), (ii) the JLG Merger
has been, or           concurrently with the making of the initial Borrowing hereunder
will be,           consummated in all material respects in accordance with the terms of
the JLG           Merger Documents and in compliance in all material respects with
applicable law           and regulatory approvals and (iii) all governmental, regulatory,
shareholder or           other consents and approvals required for the consummation of
the JLG Merger (i)           have been duly waived or (ii) have been duly obtained and
are in full force and           effect.  

        (n)    Repayment
of Debt. Evidence that, prior to or concurrently with the           effectiveness of
this Agreement, (i) all outstanding obligations of the Company           under the
Existing Credit Agreement (other than letters of credit thereunder,           all of
which will become Letters of Credit upon the effectiveness of this           Agreement)
shall have been paid in full, and (ii) all Debt to be Repaid shall           have been
paid in full and all commitments related thereto shall have been           terminated (it
being understood that the letters of credit listed on Schedule           1.01(d) may
remain outstanding so long as the Company is making reasonable           efforts to cause
such letters of credit to be replaced by Letters of Credit or           otherwise
terminated).  

        (o)    Redemption,
Repurchase or Defeasance of Notes. Evidence that (i)           JLG’s outstanding
senior notes and senior subordinated notes will be           redeemed or repurchased in
full or (ii) the covenants thereunder will be           defeased to the reasonable
satisfaction of the Lead Agents (or that provisions           shall have been made to so
redeem, repurchase or defease) on or promptly           following the Effective Date.  

        (p)    Ratings.
Evidence that (i) the Company has received a corporate family           rating from Moody’s
Investor Service Inc. and a corporate credit rating           from Standard & Poor’s,
a division of The McGraw-Hill Companies, Inc.,           and (ii) the credit facilities
under this Agreement have received a debt rating           from each of such rating
agencies.  

        (q)    Absence
of Proceedings. A certificate from a Responsible Officer           certifying that
there is no (i) statute, rule, regulation, judgment, order or           injunction
enacted, entered, enforced, promulgated or deemed applicable to the           JLG Merger
or the JLG Merger Agreement that (A) restrains or prohibits the           Company’s
or the Acquisition Subsidiary’s ownership or operation (or           that of any of
their respective Subsidiaries or affiliates) of all or a material           portion of
their or JLG’s and JLG’s Subsidiaries’ businesses or           assets, or
compels the Company or the Acquisition Subsidiary or their respective
          Subsidiaries and affiliates to dispose of or hold separate any material portion
          of the business or assets of JLG or the Company and their respective
          Subsidiaries, (B) restrains or prohibits the consummation of the JLG Merger or
          the performance of any of the other transactions contemplated by the JLG Merger
          Agreement or (C) imposes limitations on the ability of the Acquisition
          Subsidiary or the Company to acquire or hold, or exercise full rights of
          ownership of the Shares (as defined in the JLG Merger Agreement) and (ii)
          action, suit, investigation or proceeding threatened in writing or pending in
          any court or before any arbitrator or governmental authority that (x) relates
to           the credit facilities hereunder and (y) has a reasonable possibility of
being           determined in a manner that would (A) prohibit the closing of such credit
          facilities or (B) adversely affect in any material respect the interests of any
          Lead Agent or any Lender under or in respect of such facilities.  

62 

        (r)    Control
Agreements. A control agreement with respect to each deposit           account and
securities account maintained by any Loan Party (subject to the           exceptions set
forth in Section 7.14).  

        (s)    Other
Documents. Such other approvals, opinions, documents or materials           as the
Agent or any Lender may reasonably request.  

Without limiting the generality of
the provisions of Section 10.04, for purposes of determining compliance with the
conditions specified in this Section 5.01, 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 such Lender unless the Agent shall have received notice
from such Lender prior to the proposed Effective Date specifying its objection thereto.
The Agent shall promptly notify the Company and the Lenders of the occurrence of the
Effective Date, which notice shall be conclusive and binding. 

        5.02    Conditions
to All Credit Extensions. The obligation of each Lender to make any Loan to be made
by it and the obligation of any Issuer to Issue any Letter of Credit is subject to the
satisfaction of the following conditions precedent on the relevant Borrowing Date or
Issuance Date:  

        (a)    Notice,
Application. The Agent shall have received a Notice of Borrowing           or in the
case of any Issuance of any Letter of Credit, the applicable Issuer           and the
Agent shall have received an L/C Application or L/C Amendment           Application, as
required under Section 3.02;  

        (b)    Continuation
of Representations and Warranties. Other than in the case of           the initial
Credit Extension hereunder (for which the requirements of subsection 5.01(j)(i) will
apply), the representations and warranties in Article VI shall be true and correct
in all material respects on and as           of such Borrowing Date or Issuance Date with
the same effect as if made on and           as of such Borrowing Date or Issuance Date
(except to the extent such           representations and warranties expressly refer to an
earlier date, in which case           they shall be true and correct as of such earlier
date); and  

        (c)    No
Existing Default. No Default or Event of Default shall exist or shall
          result from such Borrowing or Issuance.  

Each Notice of Borrowing submitted by
a Borrower hereunder and each L/C Application or L/C Amendment Application submitted by
the Company hereunder shall constitute a representation and warranty by the Company
hereunder, as of the date of each such notice and as of each Borrowing Date or Issuance
Date, as applicable, that the conditions in this Section 5.02 are satisfied. 

        5.03    Initial
Loans to a Subsidiary Borrower. The Revolving Lenders shall not be required to make
Revolving Loans to any Subsidiary Borrower unless (a) the conditions precedent set forth
in Sections 5.01and 5.02 have been satisfied and (b) such Subsidiary
Borrower has furnished to the Agent with sufficient copies for the Revolving Lenders:  

63 

        (a)    Resolutions;
Incumbency.  

	 	        (i)              Copies
of the resolutions of the board of directors (or similar governing body)           of
such Subsidiary Borrower authorizing the transactions contemplated hereby,
          certified as of the Effective Date by the Secretary or an Assistant Secretary
or           similar officer of such Subsidiary Borrower; and  

	 	        (ii)              A
certificate of the Secretary or Assistant Secretary or similar officer of such
          Subsidiary Borrower certifying the names and true signatures of the officers of
          such Subsidiary Borrower authorized to execute, deliver and perform, as
          applicable, this Agreement, and all other Loan Documents to be delivered by it
          hereunder.  

        (b)    Organization
Documents; Good Standing. Each of the following documents:  

	 	        (i)              the
articles or certificate of incorporation (or similar charter document) and           the
bylaws (or similar governing documents) of such Subsidiary Borrower as in
          effect on the Effective Date, certified by the Secretary or Assistant Secretary
          (or the general partner, if applicable) of such Subsidiary Borrower as of the
          Effective Date; and  

	 	        (ii)              a
good standing certificate or certificate of status for such Subsidiary           Borrower
from the Secretary of State (or similar, applicable Governmental           Authority) of
its jurisdiction of formation (to the extent applicable).  

        (c)    Legal
Opinion. A written opinion of counsel to such Subsidiary Borrower,
          addressed to the Agent and the Revolving Lenders and in substance reasonably
          acceptable to the Agent.  

        (d)    Notes.
A Note of such Subsidiary Borrower for each Revolving Lender that           has requested
a Note pursuant to subsection 2.02(b).  

        (e)    Other
Documents. Such other approvals, opinions, documents or materials           as the
Agent or any Revolving Lender may reasonably request.  

ARTICLE VI  

REPRESENTATIONS AND
WARRANTIES 

        The
Company represents and warrants to the Agent and each Lender that both before and after
giving effect to the consummation of the transactions contemplated by the Loan Documents: 

        6.01    Corporate
Existence and Power.  The Company, each Subsidiary Borrower and each of its Material
Subsidiaries: 

        (a)              is
a corporation or other entity duly organized, validly existing and, to the
          extent applicable to such entity, in good standing under the laws of the
          jurisdiction of its incorporation;  

64 

        (b)              has
the power and authority and all governmental licenses, authorizations,           consents
and approvals to (i) own its assets and to carry on its business in all
          material respects and (ii) to execute, deliver, and perform its obligations
          under the Loan Documents to which it is a party;  

        (c)              is
duly qualified as a foreign entity in each state in the United States and is
          licensed and in good standing under the laws of each jurisdiction where its
          ownership, lease or operation of property or the conduct of its business
          requires such qualification or license, if applicable to such entity; and  

        (d)              is
in compliance with all Requirements of Law;  

except, in each case referred to in
subsection (b)(i), (c) or (d), to the extent that the failure to do
so could not reasonably be expected to have a Material Adverse Effect. 

        6.02    Corporate
Authorization; No Contravention. The execution, delivery and performance by each Loan
Party of each Loan Document to which such Person is party have been duly authorized by
all necessary corporate or other action, and do not and will not:  

        (a)              contravene
the terms of any of such Person’s Organization Documents;  

        (b)              conflict
with or result in any breach or contravention of, or the creation of           any Lien
under, any document evidencing any material Contractual Obligation to           which
such Person is a party or any order, injunction, writ or decree of any
          Governmental Authority to which such Person or its property is subject; or  

        (c)              violate
any Requirement of Law.  

        6.03    Governmental
and Third-Party Authorization. No approval, consent, exemption, authorization, or
other action by, or notice to, or filing with, any Governmental Authority or any other
Person (except those that have been obtained and remain in effect and disclosure filings
that are required to be made with the SEC in connection with the transactions
contemplated by the Loan Documents) is necessary or required to be made or obtained by
any Loan Party in connection with the execution, delivery or performance by such Loan
Party of any Loan Document to which it is a party or for the enforcement against such
Loan Party of any Loan Document (including, in the case of the Company, Article XII)
to which it is a party.  

        6.04    Binding
Effect. Each Loan Document to which any Loan Party is a party constitutes the legal,
valid and binding obligation of such Loan Party, enforceable against such Loan Party in
accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, or similar laws affecting the enforcement of creditors’ rights
generally or by equitable principles relating to enforceability.  

        6.05    Litigation.
There are no actions, suits or proceedings pending or, to the best knowledge of the
Company, threatened in writing, at law, in equity, in arbitration or before any
Governmental Authority, against the Company, or its Subsidiaries or any of their
respective properties:  

65 

        (a)              which
pertain to this Agreement, any other Loan Document or any of the           transactions
contemplated hereby or thereby; or  

        (b)              as
to which there exists a substantial likelihood of an adverse determination,
          which determination could reasonably be expected to have a Material Adverse
          Effect.  

        6.06    No
Default. Neither the Company nor any Material Subsidiary is in default under or with
respect to any Contractual Obligation which, individually or together with all such
defaults, could reasonably be expected to have a Material Adverse Effect.  

        6.07    ERISA
Compliance.  Except as specifically disclosed in Schedule 6.07: 

        (a)              Each
Plan is in compliance with the applicable provisions of ERISA, the Code and
          other federal or state law, except where the failure to be in compliance could
          not reasonably be expected to have a Material Adverse Effect. Each Plan which
is           intended to qualify under Section 401(a) of the Code has received a
favorable           determination letter from the IRS, except to the extent that the
failure to           receive such letter could not reasonably be expected to have a
Material Adverse           Effect, and, to the best knowledge of the Company, nothing has
occurred which           would cause the loss of such qualification, except to the extent
that such loss           would not reasonably be expected to have a Material Adverse
Effect. Except to           the extent that the failure to do so could not reasonably be
expected to have a           Material Adverse Effect, the Company and each ERISA
Affiliate have made all           required contributions to all Plans subject to Section
412 of the Code, and no           application for a funding waiver or an extension of any
amortization period           pursuant to Section 412 of the Code has been made with
respect to any Plan.  

        (b)              There
are no pending or, to the best knowledge of Company, threatened claims,           actions
or lawsuits, or action by any Governmental Authority, with respect to           any Plan
which has resulted or could reasonably be expected to result in a           Material
Adverse Effect. There has been no prohibited transaction or violation           of the
fiduciary responsibility rules with respect to any Plan which has           resulted or
could reasonably be expected to result in a Material Adverse Effect.  

        (c)              Except
to the extent that the following could not reasonably be expected to have           a
Material Adverse Effect, (i) no ERISA Event has occurred or is reasonably
          expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability;
          (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 Pension
          Plans (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 Multiemployer Plan; and (v)
          neither the Company nor any ERISA Affiliate has engaged in a transaction that
          could reasonably be expected to be subject to Section 4069 or 4212(c) of ERISA.  

        6.08    Use
of Proceeds; Margin Regulations. The proceeds of the Loans are to be used solely for
the purposes set forth in and permitted by Section 7.11. Neither the Company nor
any Material Subsidiary is generally engaged in the business of purchasing or selling
Margin Stock or extending credit for the purpose of purchasing or carrying Margin Stock.  

66 

        6.09    Title
to Properties. The Company and each Material Subsidiary have good record and
marketable title in fee simple to, or valid leasehold interests in, all real property
necessary or used in the ordinary conduct of their respective businesses, except for such
defects in title as could not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect. Except as disclosed on Schedule 8.01(a), as of
the Effective Date, the property of the Company and its Material Subsidiaries is subject
to no Liens, other than Permitted Liens.  

        6.10    Taxes.
Except as disclosed on Schedule 6.10, the Company and its Subsidiaries have filed
all Federal and other material tax returns and reports required to be filed, and have
paid all Federal and other material taxes shown on such returns and reports and all
material assessments imposed by any governmental authority, except for taxes and
assessments that are being contested in good faith by appropriate proceedings and for
which adequate reserves have been provided in accordance with GAAP. There is no proposed
tax assessment against the Company or any Subsidiary that would, if made, have a Material
Adverse Effect.  

        6.11    Financial
Condition. (a) The audited consolidated financial statements of the Company and its
Subsidiaries dated September 30, 2006, and the related consolidated statements of income
or operations, shareholders’ equity and cash flows for the fiscal year ended on that
date, and, to the Company’s knowledge, the audited consolidated financial statements
of JLG and its Subsidiaries dated July 31, 2006, and the related consolidated statements
of operations, shareholders’ equity and cash flows for the fiscal year ended on that
date, in each case:  

	 	                (x)                   were
prepared in accordance with GAAP consistently applied throughout the period
               covered thereby, except for the absence of footnotes and as otherwise
expressly                noted therein, subject, in the case of such unaudited financial
statements, to                ordinary, good faith year-end and audit adjustments; and  

	 	                (y)                   fairly
present the financial condition of the Company and its Subsidiaries as of
               the date thereof and results of operations for the period covered thereby.  

        (b)              Since
September 30, 2006, there has been no Material Adverse Effect, and since           July
31, 2006, there has been no Company Material Adverse Effect (as defined in           the
JLG Merger Agreement) or Company Material Adverse Change (as defined in the           JLG
Merger Agreement).  

        6.12    Environmental
Matters. The Company and its Subsidiaries conduct in the ordinary course of business
(in a manner sufficient to enable the Company to make the representation and warranty set
forth in this Section 6.12) a review of the effect of existing Environmental Laws
and Environmental Claims on their respective businesses, operations and properties, and
as a result thereof the Company has reasonably concluded that, except for matters for
which adequate reserves are maintained or as specifically disclosed in Schedule 6.12,
the aggregate effects of such Environmental Laws and Environmental Claims could not
reasonably be expected to have a Material Adverse Effect.  

        6.13    Regulated
Entities. None of the Company, any Person controlling the Company, or any Subsidiary,
is an “Investment Company” within the meaning of the Investment Company Act of
1940. Neither the Company nor any other Borrower is subject to regulation under the
Federal Power Act, the Interstate Commerce Act, any state public utilities code, or any
other U.S. Federal or state statute or regulation limiting its ability to incur
Indebtedness.  

67 

        6.14    Capitalization;
Subsidiaries. As of the Effective Date, the Company has no Subsidiaries other than
those specifically disclosed in part (a) of Schedule 6.14 hereto and has no equity
investments in any other corporation or entity other than those specifically disclosed in
part (b) of Schedule 6.14. The capitalization of the Company and its Subsidiaries
as of December 6, 2006 (after giving effect to the JLG Merger) is as set forth on part
(a) of Schedule 6.14.  

        6.15    Insurance.
Except as specifically disclosed in Schedule 6.15, the properties of the Company
and its Subsidiaries are insured with financially sound and reputable insurance companies
not Affiliates of the Company in such amounts, with such deductibles and covering such
risks as are customarily carried by companies engaged in similar businesses and are
similarly situated.  

        6.16    Subsidiary
Borrower Supplements. For so long as any Subsidiary shall be a Subsidiary Borrower,
the representations and warranties of such Subsidiary in such Subsidiary’s
Subsidiary Borrower Supplement are true and correct in all material respects.  

        6.17    Full
Disclosure. None of the representations or warranties made by any Loan Party in the
Loan Documents as of the date such representations and warranties are made or deemed
made, and none of the statements contained in any exhibit, report, statement or
certificate furnished by or on behalf of any Loan Party in connection with the Loan
Documents (including the offering and disclosure materials delivered by or on behalf of
the Company and JLG and their respective Subsidiaries to the Lenders prior to the
Effective Date), contains any untrue statement of a material fact or omits any material
fact required to be stated therein or necessary to make the statements made therein, in
light of the circumstances under which they are made, not misleading as of the time when
made or delivered (it being understood that any projections and forecasts provided by the
Company or any Subsidiary (including JLG and its Subsidiaries) are based on good faith
estimates and assumptions believed by the Company or such Subsidiary to be reasonable as
of the date of the applicable projections or forecasts and that actual results during the
periods covered by any such projections and forecasts may differ from projected or
forecasted results).  

        6.18    JLG
Merger. There have been no amendments to or waivers under either JLG Merger
Document (other than (i) any amendment to correct an ambiguity, (ii) any amendment or
waiver that could not reasonably be expected to adversely affect in any material respect
the interests of any Lead Agent or any Lender under or in respect of the Loan Documents
or (iii) any amendment or waiver approved by the Required Lenders).  

68 

ARTICLE VII  

AFFIRMATIVE COVENANTS 

        So
long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation
(other than any contingent indemnification or similar obligation not yet due and payable)
shall remain unpaid or unsatisfied, or any Letter of Credit (other than any Supported
Letter of Credit) shall remain outstanding, unless the Required Lenders waive compliance
in writing: 

        7.01    Financial
Statements.  The Company shall deliver to the Agent (which shall promptly make
available to each Lender): 

        (a)              as
soon as available, but not later than the earlier of (i) five Business Days
          after the filing thereof with the SEC and (ii) 105 days after the end of each
          fiscal year (commencing with the fiscal year ending September 30, 2007), a copy
          of the audited consolidated balance sheet of the Company and its Subsidiaries
as           at the end of such year and the related consolidated statements of income,
          shareholders’ equity and cash flows for such year, setting forth in each
          case in comparative form the figures for the previous fiscal year, and
          accompanied by the report of Deloitte & Touche LLP or another
          nationally-recognized independent public accounting firm (the           “Independent
Auditor”) which report shall (i) state that such           consolidated
financial statements present fairly the financial position for the           periods
indicated in conformity with GAAP, (ii) to the extent required to be           provided
pursuant to the rules and regulations of the SEC, include the           attestation
report of the Independent Auditor on management’s assessment of           the
effectiveness of the Company’s internal controls over financial           reporting
as of the end of such fiscal year as set forth in the Company’s           report on
Form 10-K for such fiscal year and (iii) not be qualified or limited           because of
a restricted or limited examination by the Independent Auditor of any           material
portion of the Company’s or any Subsidiary’s records; provided that if
the Independent Auditor’s report with respect to           such consolidated
financial statements is a combined report (that is, one report           containing both
an opinion on such consolidated financial statements and an           opinion on internal
controls over financial reporting), then such report may           include a
qualification or limitation relating to the Company’s system of           internal
controls over financial reporting due to the exclusion of any acquired           business
from the Independent Auditor’s management report on internal           controls over
financial reporting to the extent such exclusion is permitted           under provisions
published by the SEC or other applicable Governmental           Authority; and  

        (b)              as
soon as available, but not later than the earlier of (i) five Business Days
          after the filing thereof with the SEC and (ii) 45 days after the end of each of
          the first three fiscal quarters of each fiscal year (commencing with the fiscal
          quarter ending December 31, 2006), a copy of the unaudited consolidated balance
          sheet of the Company and its Subsidiaries as of the end of such fiscal quarter
          and the related consolidated statements of income, shareholders’ equity
and           cash flows for the period commencing on the first day and ending on the
last day           of such fiscal quarter, together with a consolidating income statement
for such           period, and certified by a Responsible Officer as fairly presenting,
in           accordance with GAAP (subject to good faith year-end and audit adjustments
and           the absence of footnotes), the financial position and the results of
operations           of the Company and the Subsidiaries.  

69 

        7.02    Certificates;
 Other  Information.  The Company  shall  furnish to the Agent  (which  shall
 promptly  make  available to each Lender): 

        (a)              concurrently
with the delivery of the financial statements referred to in subsection 7.01(a), a
certificate of the Independent Auditor stating that           in making the examination
necessary therefor no knowledge was obtained of any           Default or Event of
Default, except as specified in such certificate;  

        (b)              concurrently
with the delivery of the financial statements referred to in subsections 7.01(a) and
(b), a Compliance Certificate executed by           a Responsible Officer;  

        (c)              concurrently
with the delivery of the financial statements referred to in subsection 7.01(a), a
consolidating income statement for such year (which           need not be audited)
setting forth in comparative form the figures for the           previous fiscal year;  

        (d)              promptly,
copies of all financial statements and reports that the Company sends           to its
shareholders, and copies of all registration statements (other than           Exhibits
thereto and any registration statements on Form S-8 or its equivalent)           and
final reports on Forms 10-K and 10-Q that the Company shall have filed with           the
SEC; and  

        (e)              promptly,
such additional information regarding the business, financial position           or
organizational affairs of the Company or any Subsidiary as the Agent, at the
          request of any Lender, may from time to time reasonably request.  

Documents required to be delivered
pursuant to Section 7.01, subsection 7.02(b) or subsection 7.02(d)
(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 11.02; 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 the Agent have
access (whether a commercial, third-party website or whether sponsored by the Agent);
provided that the Company shall notify (which may be by facsimile or electronic
mail) the Agent (which shall notify each Lender) of the posting of any such document and,
promptly upon request by the Agent, provide to the Agent by electronic mail an electronic
version (i.e., a soft copy) of any such document specifically requested by the Agent.
Notwithstanding anything contained herein, in every instance the Company shall be required
to provide paper copies of the Compliance Certificates required by subsection
7.02(b) to the Agent. Except for such Compliance Certificates, the Agent shall have no
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. 

70 

The Company hereby acknowledges that
(a) BAS and/or Bank of America will make available to the Lenders and the Issuers
materials and/or information provided by or on behalf of the Company hereunder
(collectively, “Borrower Materials”) to Lenders and potential Lenders by
posting the Borrower Materials on IntraLinks or another similar electronic system (the
“Platform”) and (b) certain of the Lenders or potential Lenders may be
“public-side” Lenders (i.e., Lenders that do not wish to receive material
non-public information with respect to the Company or its securities) (each, a
“Public Lender”). The Company 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 Borrower Materials that are made
available to Public Lenders shall be clearly and conspicuously marked “PUBLIC”
which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently
on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the
Company shall be deemed to have authorized BAS, Bank of America, the Lenders and the
proposed Lenders to treat such Borrower Materials as not containing any material
non-public information with respect to the Company or its securities for purposes of
United States Federal and state securities laws, it being understood that certain of such
Borrower Materials may be subject to the confidentiality requirements of Section
11.08; (y) all Borrower Materials marked “PUBLIC” are permitted to be made
available through a portion of the Platform designated “Public Investor;” and
(z) BAS and Bank of America shall treat any Borrower Materials that are not marked
“PUBLIC” as being suitable only for posting on, and shall only post such
Borrower Materials on, the portion of the Platform not designated “Public
Investor.” Notwithstanding the foregoing, the Company shall be under no obligation to
mark any Borrower Materials “PUBLIC”. 

        7.03    Notices.
 The Company shall notify the Agent (and the Agent shall promptly thereafter notify each
Lender): 

        (a)              promptly
after a Responsible Officer obtains knowledge thereof, of the           occurrence of any
Default or Event of Default;  

        (b)              promptly
after a Responsible Officer obtains knowledge thereof, of any matter           that has
resulted or could reasonably be expected to result in a Material           Adverse
Effect; and  

        (c)              promptly
after a Responsible Officer obtains knowledge thereof, of the           determination by
the Independent Auditor or the Company of the occurrence or           existence of an
Internal Control Event that could reasonably be expected to have           a Material
Adverse Effect; and  

        (d)              promptly,
but in no event more than 10 days after such event becomes known to a
          Responsible Officer, the occurrence of any ERISA Event that could reasonably be
          expected to result in liability to the Company and its Subsidiaries in excess
of           $10,000,000 in the aggregate, and deliver to the Agent and each Lender a
copy of           any notice with respect to such event that is filed with a Governmental
          Authority and any notice delivered by a Governmental Authority to the Company
or           any ERISA Affiliate with respect to such ERISA Event.  

        Each
notice under this Section shall be accompanied by a written statement by a Responsible
Officer setting forth details of the occurrence referred to therein, and stating what
action the Company or any affected Subsidiary proposes to take with respect thereto and at
what time. Each notice under subsection 7.03(a) shall describe with particularity
any and all clauses or provisions of this Agreement or other Loan Document that have been
breached or violated. 

        7.04    Preservation
of Corporate Existence, Etc. Except as otherwise expressly permitted hereby, the
Company shall, and shall cause each Material Subsidiary to: (a) preserve and maintain in
full force and effect its corporate or other organizational existence and good standing
(if applicable) under the laws of its state or jurisdiction of formation, except to the
extent otherwise expressly permitted herein;  

71 

        (b)              preserve
and maintain in full force and effect all governmental rights,           privileges,
qualifications, permits, licenses and franchises necessary or           desirable in the
normal conduct of its business except in connection with           transactions permitted
by Section 8.03 and sales of assets permitted by Section 8.02 and except
for any of the foregoing the expiration or           termination of which could not
reasonably be expected to have a Material Adverse           Effect;  

        (c)              use
reasonable efforts, in the ordinary course of business, to preserve its
          business organization and goodwill except to the extent otherwise expressly
          permitted herein; and  

        (d)              preserve
or renew all of its registered patents, trademarks, trade names and           service
marks, the non-preservation of which could reasonably be expected to           have a
Material Adverse Effect.  

        7.05    Maintenance
of Property. The Company shall maintain, and shall cause each Subsidiary to maintain,
and preserve all its property which is used or useful in its business in good working
order and condition, ordinary wear and tear excepted, and make all necessary repairs
thereto and renewals and replacements thereof except where the failure to do so could not
reasonably be expected to have a Material Adverse Effect.  

        7.06    Insurance.
The Company shall maintain, and shall cause each Material Subsidiary to maintain, with
financially sound and reputable independent insurers, insurance with respect to its
properties and business against loss or damage of the kinds customarily insured against
by Persons engaged in the same or similar business, of such types and in such amounts as
are customarily carried under similar circumstances by such other Persons; providedthat
self insurance of risks and in amounts customary in the Company’s and its Material
Subsidiaries’ industry shall be permitted.  

        7.07    Payment
of Taxes. The Company shall, and shall cause each Subsidiary to, pay and discharge as
the same shall become due and payable, all Federal and other material tax liabilities,
assessments and governmental charges or levies upon it or its properties or assets,
unless the same are being contested in good faith by appropriate proceedings and adequate
reserves in accordance with GAAP are being maintained by the Company or such Subsidiary.  

        7.08    Compliance
with Laws. The Company shall comply, and shall cause each Subsidiary to comply, with
all Requirements of Law of any Governmental Authority having jurisdiction over it or its
business (including ERISA and the Federal Fair Labor Standards Act), except (a) such as
may be contested in good faith or as to which a bona fide dispute may exist or (b) to the
extent non-compliance could not reasonably be expected to have a Material Adverse Effect.  

        7.09    Inspection
of Property and Books and Records. The Company shall maintain, and shall cause each
Subsidiary to maintain, books of record and account sufficient to permit the preparation
of consolidated financial statements in conformity with GAAP. The Company shall permit,
and shall cause each Material Subsidiary to permit, representatives and independent
contractors of the Agent or any Lender to visit and inspect any of their respective
properties, to examine their respective corporate, financial and operating records, and
make copies thereof or abstracts therefrom, and to discuss their respective affairs,
finances and accounts with their respective directors, officers, and independent public
accountants, all at such reasonable times during normal business hours and as often as
may be reasonably desired, upon reasonable advance notice to the Company, all at the
expense of such Lender or, if applicable, the Agent; provided that when an Event
of Default exists the Agent or any Lender may do any of the foregoing at the expense of
the Company at any time during normal business hours and without advance notice.  

72 

        7.10    Environmental
Laws. The Company shall, and shall cause each Subsidiary to, conduct its operations
and keep and maintain its property in compliance with all Environmental Laws, the
violation of which could reasonably be expected to have a Material Adverse Effect.  

        7.11    Use
of Proceeds. The Company shall use the proceeds of the Loans (a) to finance the JLG
Merger and to pay related costs and expenses, (b) to finance other Acquisitions made in
accordance with Section 8.04, (c) to repay obligations of the Company and its
Subsidiaries under or in connection with the Existing Credit Agreement, (d) to repay Debt
to be Repaid and (e) for working capital, capital expenditures and other general
corporate purposes not in contravention of any Requirement of Law or of any Loan
Document. Neither the Company nor any Subsidiary shall use the proceeds of the Loans,
directly or indirectly, to purchase or carry Margin Stock.  

        7.12    Additional
Guaranties. Effective upon any Person becoming or being required to become a
guarantor of any subordinated Indebtedness of the Company or any Subsidiary, the Company
shall cause such Person to join as a Guarantor under the Subsidiary Guaranty.  

        7.13    Guarantors.
The Company shall, not later than (a) the Business Day following the consummation of any
Acquisition and (b) not later than 30 days after the end of each calendar month, take all
steps necessary to ensure that (i) Domestic Subsidiaries that, together with the Company,
account for (x) not less 80% of the total assets (excluding assets of Foreign
Subsidiaries) of the Company and its Domestic Subsidiaries as of such date of
determination and (y) not less 80% of the total revenues (excluding revenues of Foreign
Subsidiaries) of the Company and its Domestic Subsidiaries for the 12-month period ending
on the last day of the month ended immediately prior to such date of determination are
parties to the Subsidiary Guaranty, and (ii) each Material Foreign Subsidiary as of such
date of determination is a party to the Subsidiary Guaranty, except to the extent that
(x) such guaranty by such Material Foreign Subsidiary would result in material adverse
tax consequences to the Company or (y) such Material Foreign Subsidiary would not be able
to issue such guaranty under applicable law without undue expense or other material
adverse consequences.  

        7.14    Further
Assurances. (a) The Company shall take, execute and deliver, and cause each
Subsidiary to take, execute and deliver, any and all such further acts, security
agreements, assignments, financing statements and continuations thereof, termination
statements, notices of assignment, transfers, certificates, assurances, control
agreements and other instruments, that the Agent or the Required Lenders may reasonably
request from time to time in order (i) to ensure that (x) the obligations of each
Subsidiary Borrower hereunder and under the other Loan Documents are guaranteed, pursuant
to Article XII, by the Company and, if such Subsidiary Borrower is a Foreign
Subsidiary (but subject to the limitations set forth in Section 7.13), by each
Material Foreign Subsidiary, and (y) the obligations of the Borrowers under the Loan
Documents and of each Subsidiary under the Subsidiary Guaranty are secured as required by
the Collateral Documents; (ii) to perfect and maintain the validity, effectiveness and
priority of the Collateral Documents and the Liens intended to be created thereby and
(iii) to better assure, convey, grant, assign, transfer, preserve, protect and confirm to
the Agent and the Lenders the rights granted now or hereafter intended to be granted to
the Agent and the Lenders under any Loan Document; provided that (A) no Subsidiary
that is not a Loan Party will be required to deliver or cause to be delivered a control
agreement with respect to any deposit account or securities account maintained solely by
such Subsidiary and (B) the Loan Parties may maintain amounts in deposit accounts and
securities accounts that are not subject to control agreements in favor of the Agent so
long as (I) the daily average closing balance in all such accounts does not exceed
$1,500,000 for two consecutive calendar months and (II) if such daily average closing
balance exceeds $1,500,000 for any calendar month, the Company promptly takes, and causes
the other Loan Parties to take, such actions as the Agent may reasonably request (which
may include obtaining new control agreements, closing accounts and/or taking steps to
cause amounts in accounts not subject to a control agreement to be automatically
transferred to accounts subject to control agreements) to assure that such daily average
will not exceed such amount for subsequent calendar months. Contemporaneously with the
execution and delivery of any document referred to above, the Company shall, and the
Company shall cause each Subsidiary to, deliver all resolutions, opinions and corporate
documents as the Agent or the Required Lenders may reasonably request to confirm the
enforceability of such document and the perfection of the security interest created
thereby, if applicable. Promptly upon request by any Lead Agent, the Company shall, and
shall cause each Subsidiary to, use commercially reasonable efforts to obtain Collateral
Access Agreements and landlord waivers with respect to all material properties specified
by such Lead Agent.  

73 

        (b)              Notwithstanding
anything to the contrary in the Loan Documents, (i) no amount           due from or other
obligation of the Company shall be (directly or indirectly)           secured by an asset
of any Material Foreign Subsidiary if such security interest           would result in
material adverse tax consequences to the Company, (ii) to the           extent not
inconsistent with the foregoing clause (i), neither the           Company nor any
Domestic Subsidiary shall be required to pledge (x) more than           65% of the voting
ownership interests in any direct Foreign Subsidiary of the           Company or such
Domestic Subsidiary or (y) any equity interest of the Company or           such Domestic
Subsidiary in any other Foreign Subsidiary and (iii) no Loan Party           shall be
required to pledge Margin Stock.  

ARTICLE VIII  

NEGATIVE COVENANTS 

        So
long as any Lender shall have any Commitment hereunder, or any Loan or other Obligation
(other than any contingent indemnification or similar obligation not yet due and payable)
shall remain unpaid or unsatisfied, or any Letter of Credit (other than any Supported
Letter of Credit) shall remain outstanding, unless the Required Lenders waive compliance
in writing: 

74 

        8.01    Limitation
on Liens. The Company shall not, and shall not permit any Material Subsidiary to,
directly or indirectly, make, create, incur, assume or suffer to exist any Lien upon or
with respect to any part of its property, whether now owned or hereafter acquired, other
than the following (“Permitted Liens”):  

        (a)              any
Lien existing on property of the Company or any Material Subsidiary on the
          Effective Date and set forth in Schedule 8.01(a) securing Indebtedness
          (or commitments therefor) outstanding on such date;  

        (b)              any
Lien created under any Loan Document;  

        (c)              Liens
for taxes, fees, assessments or other governmental charges which are not
          delinquent for more than 90 days or remain payable without penalty, or if and
to           the extent that non-payment thereof is permitted by Section 7.07, provided that
no notice of lien has been filed or recorded under the           Code;  

        (d)              carriers’,
warehousemen’s, mechanics’, landlords’,           materialmen’s,
repairmen’s or other similar Liens arising in the           ordinary course of
business which are not delinquent or remain payable without           penalty or which
are being contested in good faith and by appropriate           proceedings, which
proceedings have the effect of preventing the forfeiture or           sale of the
property subject thereto;  

        (e)              Liens
(other than any Lien imposed by ERISA) consisting of pledges or deposits
          required in the ordinary course of business in connection with workers’          compensation,
unemployment insurance and other social security legislation;  

        (f)              Liens
on the property of the Company or its Material Subsidiaries securing (i)           the
non-delinquent performance of bids, trade contracts (other than for borrowed
          money), leases and statutory obligations, (ii) Contingent Obligations in
          connection with performance bonds, Surety Bonds and appeal bonds, and (iii)
          other non-delinquent obligations of a like nature, in each case, incurred in
the           ordinary course of business (and treating as non-delinquent any delinquency
          which is being contested in good faith and by appropriate proceedings, which
          proceedings have the effect of preventing the forfeiture or sale of the
property           subject thereto);  

        (g)              Liens
consisting of judgment or judicial attachment liens, provided that           the
enforcement of such Liens is effectively stayed and the obligations secured           by
all such Liens in the aggregate at any time outstanding for the Company and           its
Material Subsidiaries do not exceed the greater of (i) $50,000,000 and (ii)           5%
of the consolidated tangible assets of the Company and its Subsidiaries;  

        (h)              easements,
rights-of-way, restrictions and other similar encumbrances incurred           in the
ordinary course of business which, in the aggregate, are not substantial           in
amount, and which do not in any case materially detract from the value of the
          property subject thereto or interfere with the ordinary conduct of the
          businesses of the Company and its Material Subsidiaries;  

        (i)              any
Lien on property and proceeds thereof existing at the time of acquisition           (by
merger or otherwise) of such property by the Company or a Material           Subsidiary,
and not created in contemplation of such acquisition, provided that no such Lien
shall extend to or cover additional types of           property;  

75 

        (j)              Liens
to secure the payment of all or part of the purchase price of property           upon the
acquisition of property by the Company or a Material Subsidiary or to           secure
any Indebtedness incurred or guaranteed prior to, at the time of, or           within
ninety days after the later of the date of acquisition of such property           and the
date such property is placed in service, for the purpose of financing           all or
any part of the purchase price thereof, or Liens to secure any           Indebtedness
incurred or guaranteed for the purpose of financing the cost to the           Company or
a Material Subsidiary of improvements to such acquired property; provided, in each
case, that (i) no such Lien shall at any time encumber           any property other than
the property financed by such Indebtedness and the           proceeds thereof (provided
that individual financings permitted by this subsection (j) provided by one Person
(or an Affiliate thereof) may be           cross-collateralized to other financings
provided by such Person and its           Affiliates that are permitted by this subsection
(j)) and (ii) the           Indebtedness secured thereby shall not exceed the cost or
fair market value,           whichever is lower, of the property being acquired on the
date of acquisition;  

        (k)              Liens
securing Indebtedness or other obligations in respect of capital leases on
          assets subject to such leases, provided that such capital leases are otherwise
          permitted hereunder;  

        (l)              Liens
arising solely by virtue of any statutory or common law provision relating           to
banker’s liens, rights of set-off or similar rights and remedies as to
          deposit accounts or other funds maintained with a creditor depository
          institution; provided that (i) such deposit account is not a dedicated
          cash collateral account and is not subject to restrictions against access by
the           Company or any Material Subsidiary in excess of those set forth by
regulations           promulgated by the FRB and (ii) such deposit account is not
intended by the           Company or any Material Subsidiary to provide collateral to the
depository           institution;  

        (m)              Liens
on vehicles or related property securing obligations under any Floor Plan
          Financing Facility incurred in the ordinary course of business; provided          that
the aggregate principal amount of all obligations at any time outstanding           under
all Floor Plan Financing Facilities after giving effect to such incurrence           does
not exceed the total cost of the vehicles and equipment securing such
          obligations;  

        (n)              Liens
on assets acquired with the proceeds of industrial revenue bonds securing
          Indebtedness incurred or assumed to acquire such property; provided that
          the obligations secured by such Liens do not exceed in the aggregate at any
time           outstanding the greater of (i) $50,000,000 and (ii) 5% of the consolidated
          tangible assets of the Company and its Subsidiaries;  

        (o)              Liens
securing Securitization Obligations;  

        (p)              Liens
securing reimbursement obligations incurred in the ordinary course of           business
for letters of credit, which Liens encumber only goods, or documents of           title
covering goods, which are purchased in transactions for which such letters           of
credit are issued;  

        (q)              Any
extension, renewal or substitution of or for any Lien permitted by subsection (a),
(i), (j), (m), (n) or (o) above; provided that
(i) the amount of the Indebtedness or           other obligation or liability secured by
the applicable Lien shall not exceed           the Indebtedness or other obligation or
liability existing immediately prior to           such extension, renewal or substitution
and (ii) the scope of the property           subject to such Lien is not increased;  

76 

        (r)              Liens
on Lease Assets for which the applicable lessor is not permitted by           applicable
law to hold title to such Lease Assets;  

        (s)              Liens
securing (i) Permitted Acquired Debt and (ii) obligations arising with           respect
to asset-backed commercial paper issued by the Company and its Material
          Subsidiaries not to exceed in the aggregate at any one time outstanding for clauses
(i) and (ii) the greater of (x) $25,000,000 and (y) 5% of           the
consolidated tangible assets of the Company and its Subsidiaries;  

        (t)              Escrow
rights of the Ministry of Defense of the United Kingdom relative to           drawings
and other related intellectual property related to the Company’s           contracts
with such Ministry; and  

        (u)              Liens
securing Indebtedness or other obligations of the Company and its Material
          Subsidiaries not to exceed $35,000,000 in the aggregate at any one time
          outstanding.  

        Any
Lien permitted above on any property may extend to the identifiable proceeds of such
property. Notwithstanding any provision of this Section 8.01, the Company will not,
and will not permit any Material Subsidiary to, directly or indirectly, make, create,
incur, assume or suffer to exist any Lien (other than any Lien permitted by clause
(b), (c), (d) or (h)) upon any property listed on Schedule
8.01(b) after the Effective Date. 

        8.02    Disposition
of Assets. The Company shall not, and shall not permit any other Loan Party to,
directly or indirectly, sell, assign, lease, convey, transfer or otherwise dispose of
(whether in one or a series of transactions) any of its property (any such transaction, a
“Disposition”), including accounts and notes receivable, with or without
recourse, and the stock or other equity interests in any Subsidiary (but, for the
avoidance of doubt, excluding cash that is transferred in the ordinary course of business
and treasury stock of such Loan Party), or enter into any agreement to do any of the
foregoing, except:  

        (a)              Dispositions
of inventory in the ordinary course of business and Dispositions of           used,
worn-out, obsolete or surplus equipment;  

        (b)              Dispositions
of equipment to the extent that such equipment is exchanged for           credit against
the purchase price of similar replacement equipment or the           proceeds of such
Disposition are reasonably promptly applied to the purchase           price of such
replacement equipment;  

        (c)              Dispositions
between and among Loan Parties, Dispositions from any Subsidiary           that is not a
Loan Party to the Company or a Wholly-Owned Subsidiary and           Dispositions
permitted by Section 8.03;  

77 

        (d)              Dispositions
of accounts receivable, lease receivables, other financial assets           and other
rights and related assets pursuant to a Permitted Securitization;  

        (e)              sale/leaseback
transactions involving an aggregate consideration not to exceed           $50,000,000
after the date hereof;  

        (f)              the
transfer of Lease Assets solely in connection with Leasing Transactions;  

        (g)              Dispositions
of cash equivalents or short-term marketable securities;  

        (h)              the
granting of non-exclusive licenses of patents, trademarks and copyrights by           the
Company or any Subsidiary;  

        (i)              Dispositions
identified on Schedule 8.02;  

        (j)              Dispositions
of accounts receivable arising out of sales by the Company or its           Domestic
Subsidiaries to Persons domiciled outside of the United States,           Dispositions of
accounts receivable with extended terms and Dispositions of           defaulted accounts
receivable without credit recourse in transactions that do           not constitute
securitizations, in each case in the ordinary course of business           consistent
with past practice;  

        (k)              Dispositions
in the ordinary course of business of tangible property as part of           a like-kind
exchange under Section 1031 of the Code;  

        (l)              Dispositions
in the ordinary course of business consisting of the abandonment of
          intellectual property rights that, in the reasonable good faith determination
of           the applicable Loan Party, are not material to the conduct of its business;  

        (m)              Dispositions
of property located outside of the United States (and not moved           outside the
United States in anticipation of such Distribution);  

        (n)              Dispositions
that are not permitted by the foregoing provisions of this Section 8.02; provided that
(i) any such Disposition is made for           fair market value; (ii) no Event of
Default shall exist at the time of or shall           result from any such Disposition;
and (iii) the aggregate value of all assets so           disposed of by the Company and
its Subsidiaries (x) during any fiscal year shall           not exceed the greater of (A)
$200,000,000 and (B) 10% of the consolidated           tangible assets of the Company and
its Subsidiaries as of the beginning of such           fiscal year and (y) after the
Effective Date shall not exceed the greater of (A)           $500,000,000 and (B) 25% of
the consolidated tangible assets of the Company and           its Subsidiaries as
reflected in the most recent financial statements delivered           pursuant to Section
7.01(a).  

        8.03    Consolidations
and Mergers. The Company shall not, and shall not permit any other Loan Party to,
merge with or consolidate with or into any Person, except the Company or any other Loan
Party may merge or consolidate with any other Person so long as (a) at the time of such
merger or consolidation, no Default or Event of Default shall have occurred and be
continuing either before or after giving effect to such transaction (determined in
respect of Sections 8.10 and 8.11 on a pro forma basis as of the last day
of the most recent fiscal quarter for which the financial results or other amounts
included in the covenant calculations in such Sections are available), (b) if such
transaction involves the Company, the Company shall be the continuing or surviving
corporation and (c) subject to the last paragraph of this Section 8.03, (i) if
such transaction involves a Wholly-Owned Subsidiary (and does not involve the Company), a
Wholly-Owned Subsidiary shall be the continuing or surviving Person and (ii) if such
transaction involves a non-Wholly-Owned Material Subsidiary (and does not involve the
Company or a Wholly-Owned Subsidiary), a Material Subsidiary shall be the continuing or
surviving Person.  

78 

        In
addition, any Disposition which would be permitted by Section 8.02 may also be
accomplished via a merger or consolidation of a Loan Party and such merger or
consolidation shall be permitted pursuant to this Section 8.03. 

        8.04    Hostile
Acquisitions. The Company shall not, and shall not permit any Subsidiary to, (a) make
any Acquisition of any Person that has not been approved by the board of directors or
similar governing body of such Person; or (b) commit, or otherwise take steps, to make
any Acquisition of any Person if the board of directors or similar governing body of such
Person has announced that it will, or commenced litigation to, oppose such Acquisition.  

        8.05    Securitizations;
Subsidiary Indebtedness.  

        (a)              The
Company shall not, and shall not permit any Material Subsidiary to, create,
          incur, assume, suffer to exist or otherwise become or remain directly or
          indirectly liable with respect to, any Indebtedness in connection with any
          off-balance sheet securitization or similar off-balance sheet transaction,
other           than Permitted Securitizations.  

        (b)              The
Company shall not permit any Material Subsidiary to create, incur, assume,
          suffer to exist or otherwise become or remain directly or indirectly liable
with           respect to, any Indebtedness with an aggregate outstanding principal
amount           (excluding from such calculation: (i) Permitted Securitizations; (ii)
          Indebtedness arising under the Loan Documents; (iii) unsecured Permitted
          Acquired Debt; (iv) Indebtedness existing on the date hereof and listed on Schedule
8.05; (v) unsecured Indebtedness to the extent included in           calculating
Contingent Obligations by operation of clause (v) of the last           sentence
of the definition thereof; and (vi) refinancings, extensions or           renewals of
Indebtedness described in the foregoing clauses (i) through (v), provided that,
in the case of the foregoing clauses           (i) through (iv), the
principal amount thereof is not increased) at           any time in excess of (x) for all
Material Domestic Subsidiaries, $50,000,000,           and (y) for all other Material
Subsidiaries, $50,000,000.  

        8.06    Transactions
with Affiliates. The Company shall not, and shall not permit any other Loan Party to,
enter into any transaction with any Affiliate of the Company (other than another Loan
Party), except upon fair and reasonable terms no less favorable to the Company or such
other Loan Party would obtain in a comparable arm’s-length transaction with a Person
not an Affiliate of the Company or such other Loan Party and except for the following:  

        (a)              any
employment or severance agreement and any amendment thereto entered into by           the
Company or any other Loan Party in the ordinary course of business;  

79 

        (b)              transactions
between the Company or any other Loan Party and any Leasing           Subsidiary
(including the contribution of overhead costs consistent with past           practice) in
the ordinary course of business;  

        (c)              the
payment of reasonable directors’ fees and benefits, provided          that
the amount of such fees and benefits paid to any Affiliate does not exceed           the
amount of such fees and benefits paid to any Person that is not otherwise an
          Affiliate of the Company;  

        (d)              the
provision of officers’ and directors’ indemnification and           insurance
in the ordinary course of business to the extent permitted by           applicable law;  

        (e)              subject
to Sections 7.13 and 8.03, reorganizations of Subsidiaries
          consummated for the purpose of reducing tax obligations of the Company and its
          Subsidiaries, so long as the aggregate value of assets owned by the Company and
          its Domestic Subsidiaries is not materially decreased as a result thereof;  

        (f)              non-interest
bearing intercompany loans or other advances in the ordinary course           of business
and consistent with past practice; and  

        (g)              the
payment of employee salaries, bonuses and employee benefits in the ordinary
          course of business (including the payment of commissions on behalf of any
          Leasing Subsidiary by the Company or any other Loan Party consistent with past
          practices and in the ordinary course of business).  

        8.07    Burdensome
Agreements. The Company shall not, and shall not permit any Domestic Subsidiary
(excluding any Leasing Subsidiary or any Securitization Subsidiary) to, be a party to any
Contractual Obligation (other than (x) this Agreement or any other Loan Document and (y)
any financial covenant in any other agreement evidencing Indebtedness permitted
hereunder) that (a) limits the ability (i) of any Domestic Subsidiary to make Restricted
Payments to the Company or any Guarantor or to make an equity investment in the Company
or any Guarantor, except for any agreement in effect (A) on the date hereof and set forth
on Schedule 8.07(including any amendment thereto that is not prohibited by any
Loan Document so long as such agreement, as so amended, is no more materially restrictive
with respect to such limitation than such agreement prior to giving effect to such
amendment) or (B) at the time any Domestic Subsidiary becomes a Subsidiary of the
Company, so long as such agreement was not entered into solely in contemplation of such
Person becoming a Subsidiary of the Company, (ii) of any Domestic Subsidiary to guarantee
Indebtedness of the Company or (iii) of the Company or any Domestic Subsidiary to create,
incur, assume or suffer to exist Liens on property of such Person or to transfer property
of such Person to the Company or any Guarantor (such limitation, a “Negative
Pledge”); provided that this clause (iii) shall not prohibit any
Negative Pledge incurred or provided in favor of any holder of obligations secured by a
Lien permitted under subsection 8.01(e), (f), (g), (i), (j),
(k), (m), (n) or (o) solely to the extent any such Negative
Pledge relates to (A) the property subject to such Lien, (B) the agreement giving rise to
such Negative Pledge but only to the extent, and for so long as, such Negative Pledge is
not terminated or rendered ineffective by the Uniform Commercial Code or any other
applicable law, and/or (C) the proceeds of the foregoing; or (b) requires the grant of a
Lien to secure an obligation of such Person if a Lien is granted to secure another
obligation of such Person.  

80 

        8.08    Amendments
to Certain Documents. The Company shall not, and not permit any Subsidiary to, make
or agree to any amendment to or modification of, or waive any of its rights under, any of
the terms of either JLG Merger Document, if such amendment, modification or waiver would
adversely affect in any material respect the interests of any Lead Agent or any Lender
under the Loan Documents.  

        8.09    Restricted
Payments; Prepayment of Subordinated Indebtedness. (a) The Company shall not, and
shall not permit any Subsidiary to, declare or make any Restricted Payment during the
existence of an Event of Default; provided that, so long as no Event of Default
exists or would result therefrom, (a) any Subsidiary may make Restricted Payments to the
Company or to another Subsidiary and (b) the Company and its Subsidiaries may make other
Restricted Payments during any fiscal year in an amount not exceeding $40,000,000 (pro
rated for the portion of the fiscal year during which the Effective Date occurs) plus the
positive result of (i) 25% of the cumulative net income of the Company and its
consolidated Subsidiaries for all fiscal quarters ending after the Effective Date minus
(ii) the cumulative amount of all Restricted Payments made in any fiscal year ending
after the Effective Date that exceeded $40,000,000 (pro rated for the portion of the
fiscal year during which the Effective Date occurs).  

        (b)              The
Company shall not, and permit any Subsidiary to, make any payment with           respect
to Indebtedness that is expressly subordinate to the Obligations or to           any
other senior Indebtedness of the Company or such Subsidiary if a Default or           an
Event of Default exists or would result therefrom.  

        8.10    Leverage
Ratio. The Company shall not permit the Leverage Ratio as of the last day of any
fiscal quarter to be greater than the applicable ratio set forth below:  

	Fiscal Quarters Ending	Maximum Leverage Ratio
	December 31, 2006 through June 30, 2007	5.50 to 1.0
	September 30, 2007	5.25 to 1.0
	December 31, 2007 through September 30, 2008	4.75 to 1.0
	December 31, 2008 through September 30, 2009	4.25 to 1.0
	Thereafter	3.75 to 1.0.

        8.11    Interest
 Coverage  Ratio.  The Company shall not permit the Interest  Coverage Ratio as of
the last day of any fiscal quarter to be less than 2.50 to 1.0. 

ARTICLE IX  

EVENTS OF DEFAULT 

        9.01    Event
of Default.  Any of the following shall constitute an “Event of Default”: 

81 

        (a)    Non-Payment.
Any Borrower fails to pay (i) when and as required to be           paid herein, any
amount of principal of any Loan or of any L/C Obligation, or           (ii) within five
days after the same becomes due, any interest, fee or any other           amount payable
hereunder or under any other Loan Document; or  

        (b)    Representation
or Warranty. Any representation or warranty by any Loan           Party made or
deemed made herein or in any other Loan Document, or contained in           any
certificate, document or financial or other statement by any Loan Party or           any
Responsible Officer, furnished at any time under this Agreement, or in or           under
any other Loan Document, is incorrect in any material respect on or as of           the
date made or deemed made; or  

        (c)    Specific
Defaults. The Company fails to perform or observe any term,           covenant or
agreement (i) contained in Section 8.01 and such failure           continues
unremedied for five Business Days after a Responsible Officer has           knowledge
thereof or (ii) contained in Section 7.03(a), in clause           (B)(II) of
the proviso to the first sentence of Section 7.14 or in           any provision of
Article VIII (other than Section 8.01); or  

        (d)    Other
Defaults. The Company or any other Loan Party fails to perform or           observe
any other term or covenant contained in this Agreement or any other Loan
          Document to which such Person is a party, and such default shall continue
          unremedied for a period of 30 days after the date upon which written notice
          thereof is given to the Company by the Agent or any Lender; or  

        (e)    Cross-Default.
Any Loan Party (i) fails to make any payment in           respect of any
Indebtedness or Contingent Obligation (other than Indebtedness in           respect of
Swap Contracts), having an aggregate principal amount (including           undrawn
committed or available amounts and including amounts owing to all           creditors
under any combined or syndicated credit arrangement) in excess of the           Threshold
Amount when due (whether by scheduled maturity, required prepayment,
          acceleration, demand, or otherwise) and such failure continues after the
          applicable grace or notice period, if any, specified in the relevant document
on           the date of such failure; or (ii) fails to perform or observe any other
          condition or covenant, or any other event shall occur or condition exist, under
          any agreement or instrument relating to any such Indebtedness or Contingent
          Obligation, and such failure continues after the applicable grace or notice
          period, if any, specified in the relevant document on the date of such failure
          if the effect of such failure, event or condition is to cause, or to permit the
          holder or holders of such Indebtedness or beneficiary or beneficiaries of such
          Indebtedness (or a trustee or agent on behalf of such holder or holders or
          beneficiary or beneficiaries) to cause such Indebtedness to be declared to be
          due and payable, or to be required to be repurchased, prior to its stated
          maturity, or such Contingent Obligation to become payable or cash collateral in
          respect thereof to be demanded; or  

        (f)    Insolvency;
Voluntary Proceedings. Any Loan Party (i) ceases or fails to           be solvent, or
generally fails to pay, or admits in writing its inability to           pay, its debts as
they become due, subject to applicable grace periods, if any,           whether at stated
maturity or otherwise; (ii) voluntarily ceases to conduct its           business in the
ordinary course; (iii) commences any Insolvency Proceeding with           respect to
itself; or (iv) takes any action to effectuate or authorize any of           the
foregoing; or  

82 

        (g)    Involuntary
Proceedings. (i) Any involuntary Insolvency Proceeding is           commenced or
filed against any Loan Party, or any writ, judgment, warrant of           attachment,
execution or similar process, is issued or levied against a           substantial part of
any Loan Party’s properties, and any such proceeding or           petition shall not
be dismissed, or such writ, judgment, warrant of attachment,           execution or
similar process shall not be released, vacated or fully bonded           within 60 days
after commencement, filing or levy; (ii) any Loan Party admits           the material
allegations of a petition against it in any Insolvency Proceeding,           or an order
for relief (or similar order under non-U.S. law) is ordered in any           Insolvency
Proceeding; or (iii) the Company or any Loan Party acquiesces in the
          appointment of a receiver, trustee, custodian, conservator, liquidator,
          mortgagee in possession (or agent therefor), or other similar Person for itself
          or a substantial portion of its property or business; or  

        (h)    ERISA.
(i) An ERISA Event shall occur with respect to a Pension Plan or           Multiemployer
Plan which has resulted or could reasonably be expected to result           in liability
of the Company or any ERISA Affiliate under Title IV of ERISA to           such Pension
Plan or Multiemployer Plan or to the PBGC in an aggregate amount           for all such
Pension Plans and Multiemployer Plans in excess of the Threshold           Amount; (ii)
the aggregate amount of Unfunded Pension Liability among all           Pension Plans and
Multiemployer Plans at any time exceeds the Threshold Amount           (determined, in
respect of Multiemployer Plans, by reference to the Unfunded           Person Liability
for which the Company or any ERISA Affiliate may be liable); or           (iii) the
Company or any ERISA Affiliate shall fail 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 in excess of the Threshold Amount; or  

        (i)    Judgments.
(i) One or more non-interlocutory judgments, non-interlocutory           orders, decrees
or arbitration awards is entered against the Company or any           Subsidiary and
known to a Responsible Officer involving in the aggregate a           liability (to the
extent not covered by independent third-party insurance as to           which the insurer
does not dispute coverage) as to any single or related series           of transactions,
incidents or conditions, in excess of the Threshold Amount, or           (ii) one or more
non-monetary final judgments is entered against the Company or           any Subsidiary
that has, or could reasonably be expected to have, individually           or in the
aggregate, a Material Adverse Effect and, in either case the same           shall remain
unsatisfied, unvacated and unstayed pending appeal for a period of           30 days
after the entry thereof; or  

        (j)    Change
of Control. There occurs any Change of Control; or  

        (k)    Invalidity
of Loan Documents. Any Loan Document is for any reason           partially (including
with respect to future advances) or wholly revoked or           invalidated, or otherwise
ceases to be in full force and effect; any Loan Party           (or any Person acting on
behalf of any Loan Party) contests in any manner the           validity or enforceability
of any Loan Document to which it is a party or denies           that it has any further
liability or obligation thereunder; any Loan Party (or           any Person acting on
behalf of any Loan Party) contests in any manner the           validity, perfection or
priority of any Lien on a material portion of the           Collateral purported to be
covered thereby; or any Collateral Document after           delivery thereof 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 8.01)
on a material portion of the Collateral           purported to be covered thereby.  

83 

        9.02    Remedies.
 If any Event of Default has  occurred  and is  continuing,  the Agent  shall,  at the
request of, or may,  with the consent of, the Required Lenders, 

        (a)              declare
the Commitments of the applicable Lenders to make Loans and any           obligation of
the Issuers to Issue Letters of Credit to be terminated, whereupon           such
Commitments and obligation shall be terminated;  

        (b)              declare
an amount equal to the Dollar Equivalent of the maximum aggregate amount           that
is or at any time thereafter may become available for drawing under any
          outstanding Letters of Credit (whether or not any beneficiary shall have
          presented, or shall be entitled at such time to present, the drafts or other
          documents required to draw under such Letters of Credit) to be immediately due
          and payable, and 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 (other than any Rate Swap 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;           and  

        (c)              exercise
on behalf of itself and the Lenders all rights and remedies available           to it and
the Lenders under the Loan Documents (excluding any Rate Swap           Document) or
applicable law;  

provided that upon the
occurrence of any event specified in subsection (f) or (g) of Section
9.01 with respect to the Company (or, in the case of clause (i) of
subsection (g) upon the expiration of the 60-day period mentioned therein), any
obligation of each Lender to make Loans and any obligation of each Issuer to Issue Letters
of Credit shall automatically terminate and the unpaid principal amount of all outstanding
Loans and all interest and other amounts as aforesaid shall automatically become due and
payable without further act of the Agent, any Issuer or any Lender. 

        9.03    Rights
Not Exclusive. The rights provided for in this Agreement and the other Loan Documents
are cumulative and are not exclusive of any other rights, powers, privileges or remedies
provided by law or in equity, or under any other instrument, document or agreement now
existing or hereafter arising.  

ARTICLE X  

THE AGENT 

        10.01    Appointment
and Authority. Each of the Lenders and the Issuers hereby irrevocably appoints Bank
of America to act on its behalf as the Agent hereunder and under the other Loan Documents
and authorizes the Agent to take such actions on its behalf and to exercise such powers
as are delegated to the Agent 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 the Agent, the Lenders and the Issuers, and neither the Company
nor any other Loan Party shall have rights as a third party beneficiary of any of such
provisions.  

84 

        10.02    Rights
as a Lender. The Person serving as the Agent hereunder shall have the same rights and
powers in its capacity as a Lender as any other Lender and may exercise the same as
though it were not the Agent and the term “Lender” or “Lenders” shall,
unless otherwise expressly indicated or unless the context otherwise requires, include
the Person serving as the Agent hereunder in its individual capacity. Such Person and its
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
Company or any Subsidiary or other Affiliate thereof as if such Person were not the Agent
hereunder and without any duty to account therefor to the Lenders.  

        10.03    Exculpatory
Provisions. The Agent shall not have any duties or obligations except those expressly
set forth herein and in the other Loan Documents. Without limiting the generality of the
foregoing, the Agent:  

        (a)              shall
not be subject to any fiduciary or other implied duties, regardless of           whether
a Default or an Event of Default has occurred and is continuing;  

        (b)              shall
not 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 the Agent 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 the Agent shall not be
required to           take any action that, in its opinion or the opinion of its counsel,
may expose           the Agent to liability or that is contrary to any Loan Document or
applicable           law; and  

        (c)              shall
not, except as expressly set forth herein and in the other Loan Documents,           have
any duty to disclose, and shall not be liable for the failure to disclose,           any
information relating to the Company or any of its Affiliates that is
          communicated to or obtained by the Person serving as the Agent or any of its
          Affiliates in any capacity.  

        The
Agent shall not 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 the Agent shall believe in good faith shall be necessary,
under the circumstances as provided in Sections 9.02 and 11.01) or (ii) in
the absence of its own gross negligence or willful misconduct. The Agent shall be deemed
not to have knowledge of any Default or Event of Default unless and until notice
describing such Default or Event of Default is given to the Agent by the Company, a Lender
or an Issuer. 

        The
Agent shall not 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 or Event of Default, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan
Document or any other agreement, instrument or document or (v) the satisfaction of any
condition set forth in Article V or elsewhere herein, other than to confirm receipt
of items expressly required to be delivered to the Agent. 

85 

        10.04    Reliance
by Agent. The Agent shall be entitled to rely upon, and shall not incur any liability
for relying upon, any notice, request, certificate, consent, statement, instrument,
document or other writing (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. The Agent also may rely upon any
statement made to it orally or by telephone and believed by it to have been made by the
proper Person, and shall not incur any liability for relying thereon. 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
an Issuer, the Agent may presume that such condition is satisfactory to such Lender or
such Issuer unless the Agent shall have received notice to the contrary from such Lender
or such Issuer prior to the making of such Loan or the issuance of such Letter of Credit.
The Agent 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.  

        10.05    Delegation
of Duties. The Agent 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 the Agent. The Agent 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 Agent 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 Agent.  

        10.06    Resignation
of Agent. The Agent may at any time give notice of its resignation to the Lenders,
the Issuers and the Company. Upon receipt of any such notice of resignation, the Required
Lenders shall have the right, with the consent of the Company (which consent shall not be
unreasonably withheld or delayed and which consent shall not be required during the
existence of an Event of Default), 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 consented to by the Company (such consent not to be unreasonably withheld or delayed)
and shall have accepted such appointment within 30 days after the retiring Agent gives
notice of its resignation, then the retiring Agent may on behalf of the Lenders and the
Issuers, appoint a successor Agent meeting the qualifications set forth above; provided that
if the Agent 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 Agent 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 Agent shall
instead be made by or to each Lender and each Issuer directly, until such time as the
Required Lenders appoint a successor Agent as provided for above in this Section. Upon
the acceptance of a successor’s appointment as Agent hereunder, such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring (or retired) Agent, and the retiring Agent 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). The fees payable by the Company
to a successor Agent shall be the same as those payable to its predecessor unless
otherwise agreed between the Company and such successor. After the retiring Agent’s
resignation hereunder and under the other Loan Documents, the provisions of this Article
and Section 11.04 shall continue in effect for the benefit of such retiring Agent,
its sub agents and their respective Related Parties in respect of any actions taken or
omitted to be taken by any of them while the retiring Agent was acting as Agent.  

86 

        Any
resignation by Bank of America as Agent pursuant to this Section shall also constitute its
resignation as an Issuer and Swing Line Lender. Upon the acceptance of a successor’s
appointment as Agent hereunder, (a) such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring Issuer and Swing Line
Lender, (b) the retiring 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 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 arrangement
satisfactory to the retiring Issuer to effectively assume the obligations of the retiring
Issuer with respect to such Letters of Credit. 

        10.07    Non-Reliance
on Agent and Other Lenders. Each Lender and each Issuer acknowledges that it has,
independently and without reliance upon the Agent 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
each Issuer also acknowledges that it will, independently and without reliance upon the
Agent 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.  

        10.08    No
Other Duties, Etc.Anything herein to the contrary notwithstanding, no Person listed
on the cover page hereof or elsewhere herein as an Arranger, the Syndication Agent or a
Co-Documentation Agent shall have any powers, duties or responsibilities under this
Agreement or any of the other Loan Documents, except in its capacity, as applicable, as a
Lender or an Issuer hereunder.  

        10.09    Agent
May File Proofs of Claim. In case of the pendency of any receivership, insolvency,
liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to any Loan Party, the Agent (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 the Agent shall have made any
demand on the Company) 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 Issuers           and the
Agent (including any claim for the reasonable compensation, expenses,
          disbursements and advances of the Lenders, the Issuers and the Agent and their
          respective agents and counsel and all other amounts due the Lenders, the
Issuers           and the Agent under Sections 2.14, 3.08 and 11.04)
allowed           in such judicial proceeding; and  

87 

        (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 each Issuer to make such payments to
the Agent and, if the Agent shall consent to the making of such payments directly to the
Lenders and the Issuers, to pay to the Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Agent and its agents and
counsel, and any other amounts due the Agent under Sections 2.14 and 11.04. 

        Nothing
contained herein shall be deemed to authorize the Agent to authorize or consent to or
accept or adopt on behalf of any Lender or any Issuer any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any
Lender or to authorize the Agent to vote in respect of the claim of any Lender in any such
proceeding. 

        10.10    Collateral
 and Guaranty  Matters.  The Agent shall,  and the Lenders and the Issuers
 irrevocably  authorize the Agent to, at the sole cost and expense of the Company,: 

        (a)              release
any Lien on any property granted to or held by the Agent under any Loan
          Document (i) upon termination of the Revolving Commitments and payment in full
          in cash of all Obligations (other than contingent indemnification obligations)
          and the expiration or termination of all Letters of Credit (other than
Supported           Letters of Credit), (ii) that is Disposed of or to be Disposed of as
part of or           in connection with any Disposition permitted hereunder or under any
other Loan           Document, or (iii) subject to Section 11.01, if approved,
authorized or           ratified in writing by the Required Lenders;  

        (b)              subordinate
any Lien on any property granted to or held by the Agent under any           Loan
Document to the holder of any Lien on such property that is permitted by subsection
8.01(j) or (k); and  

        (c)              release
any Guarantor from its obligations under the Subsidiary Guaranty if,           after
giving effect to such release, the Company is in compliance with Section 7.13.  

        Upon
request by the Agent at any time, the Required Lenders will confirm in writing the
Agent’s authority to release or subordinate its interest in particular types or items
of property, or to release any Guarantor from its obligations under the Subsidiary
Guaranty pursuant to this Section 10.10. 

        10.11    Withholding
Tax. (a) (i) If any Lender is a “foreign corporation, partnership or trust” within
the meaning of the Code (a “Foreign Lender”) and such Lender claims
exemption from, or a reduction of, U.S. withholding tax under Sections 1441 or 1442 of
the Code, such Lender agrees with and in favor of the Agent and the Company, to deliver
to the Agent and the Company:  

88 

	 	        (A)                        if
such Lender claims an exemption from, or a reduction of, withholding tax
                    under a United States tax treaty, two properly completed and executed
copies of                     IRS Form W-8BEN before the payment of any interest in the
first calendar year                     and before the payment of any interest in each
third succeeding calendar year                     during which interest may be paid
under this Agreement;  

	 	        (B)                        if
such Lender claims that interest paid under this Agreement is exempt from
                    United States withholding tax because it is effectively connected
with a United                     States trade or business of such Lender, two properly
completed and executed                     copies of IRS Form W-8ECI before the payment
of any interest is due in the first                     taxable year of such Lender and
in each succeeding taxable year of such Lender                     during which interest
may be paid under this Agreement; and  

	 	        (C)                        such
other form or forms as may be required under the Code or other laws of the
                    United States as a condition to exemption from, or reduction of,
United States                     withholding tax.  

Each such Lender agrees to promptly
notify the Agent and the Company of any change in circumstances which would modify or
render invalid any claimed exemption or reduction. 

                (ii)              If
any Foreign Lender claims exemption from U.S. federal withholding tax under
          Section 871(h) or 881(c) of the Code with respect to payments of “portfolio
          interest”, such Lender agrees with and in favor of the Agent and the
          Company to deliver to the Agent and the Company a Form W-8, or any subsequent
          versions thereof or successors thereto (and, if such Lender delivers a Form
W-8,           a certificate representing that such Lender is not a “bank” for
          purposes of Section 881(c) of the Code, is not a 10-percent shareholder (within
          the meaning of Section 871(h)(3)(B) of the Code) of the Company and is not a
          controlled foreign corporation related to the Company (within the meaning of
          Section 864(d)(4) of the Code)).  

        (b)              If
any Lender claims exemption from, or reduction of, withholding tax under a
          United States tax treaty by providing IRS Form W-8BEN and such Lender sells,
          assigns, grants a participation in, or otherwise transfers all or part of the
          Obligations of the Borrowers owing to such Lender, such Lender agrees to notify
          the Agent of the percentage amount in which it is no longer the beneficial
owner           of such Obligations. To the extent of such percentage amount, the Agent
will           treat such Lender’s IRS Form W-8BEN as no longer valid.  

        (c)              If
any Lender claiming exemption from United States withholding tax by filing           IRS
Form W-8ECI with the Agent sells, assigns, grants a participation in, or
          otherwise transfers all or part of the Obligations of the Borrowers owing to
          such Lender, such Lender agrees to undertake sole responsibility for complying
          with the withholding tax requirements imposed by Sections 1441 and 1442 of the
          Code.  

        (d)              If
any Lender is entitled to a reduction in the applicable withholding tax, the
          Agent may withhold from any interest payment to such Lender an amount
equivalent           to the applicable withholding tax after taking into account such
reduction.           However, if the forms or other documentation required by subsection
(a)          of this Section are not delivered to the Agent, then the Agent may
withhold from           any interest payment to such Lender not providing such forms or
other           documentation an amount equivalent to the applicable withholding tax
imposed by           Sections 1441 and 1442 of the Code, without reduction.  

89 

        (e)              If
the IRS or any other Governmental Authority of the United States or other
          jurisdiction asserts a claim that the Agent did not properly withhold tax from
          amounts paid to or for the account of any Lender (because the appropriate form
          was not delivered or was not properly executed, or because such Lender failed
to           notify the Agent of a change in circumstances which rendered the exemption
from,           or reduction of, withholding tax ineffective, or for any other reason)
such           Lender shall indemnify the Agent fully for all amounts paid, directly or
          indirectly, by the Agent as tax or otherwise, including penalties and interest,
          and including any taxes imposed by any jurisdiction on the amounts payable to
          the Agent under this Section, together with all costs and expenses (including
          Attorney Costs). The obligation of the Lenders under this subsection shall
          survive the payment of all Obligations and the resignation or replacement of
the           Agent.  

ARTICLE XI  

MISCELLANEOUS 

        11.01    Amendments
and Waivers. No amendment or waiver of any provision of this Agreement or any other
Loan Document, and no consent with respect to any departure by the Company or any other
Loan Party therefrom, shall be effective unless the same shall be in writing and signed
by the Required Lenders (or by the Agent at the written request of the Required Lenders)
and the Company and acknowledged by the Agent, and then any such waiver or consent shall
be effective only in the specific instance and for the specific purpose for which given;
provided that:  

        (a)              no
such waiver, amendment, or consent shall, unless in writing and signed by           each
Lender directly affected thereby and the Company and acknowledged by the           Agent,
do any of the following:  

	 	        (i)              increase
or extend the Commitment of such Lender (or reinstate any Commitment of           such
Lender terminated pursuant to Section 9.02) except for           increases
pursuant to subsection 2.09(c);  

	 	        (ii)              postpone
or delay any date fixed by this Agreement or any other Loan Document           for any
payment of principal, interest, fees, reimbursement obligations with           respect to
Letters of Credit or other amounts due to such Lender hereunder or           under any
other Loan Document, including any mandatory prepayment required           pursuant to subsection
2.11(b), or reduce any scheduled or mandatory           payment of principal of any
Loan; or  

	 	        (iii)              reduce
or forgive the principal of, or the rate of interest specified herein on           any
Loan, any reimbursement obligations with respect to Letters of Credit or
          (subject to clause (x) of the last paragraph of this Section
          11.01) any fees or other amounts payable hereunder or under any other Loan
          Document; and  

90 

        (b)              no
such waiver, amendment or consent shall, unless in writing and signed by each
          Lender and the Company and acknowledged by the Agent, do any of the following:  

	 	        (i)              reduce
the percentage specified in the definition of “Required           Lenders” or
the definition of “Total Percentage”;  

	 	        (ii)              amend
this Section, Section 2.18 or any provision herein providing for           consent
or other action by all Lenders; or  

	 	        (iii)              release
the Company from its obligations under Article XII;  

	 	        (iv)              release
all or substantially all of the Guarantors from their obligations under           the
Subsidiary Guaranty (other than pursuant to a transaction expressly           permitted
hereunder) or amend or consent to any waiver of Section 7.13 in           a manner
that would adversely affect any Lender; or  

	 	        (v)              release
all or substantially all of the collateral subject to the Collateral           Documents;  

and, provided further,
that (i) no amendment, waiver or consent shall affect the rights or duties of any Issuer
under this Agreement or any L/C-Related Document relating to any Letter of Credit Issued
or to be Issued by it without the written consent of such Issuer, (ii) no amendment,
waiver or consent shall affect the rights or duties of the Agent under this Agreement or
any other Loan Document without the written consent of the Agent, (iii) no amendment,
waiver or consent shall affect the rights or duties of the Swing Line Lender under this
Agreement or any other Loan Document without the written consent of the Swing Line Lender,
(iv) no amendment, waiver or consent shall affect the rights or duties of any Fronting
Lender under this Agreement or any other Loan Document without the written consent of such
Fronting Lender, (v) no amendment, waiver or consent shall (A) change the definition of
“Supported Letter of Credit” or (B) change the provisions of subsection
3.01(c) or Section 3.07 without, in each case, the written consent of the
Required Revolving Lenders, (vi) no amendment, waiver or consent shall obligate any
Revolving Lender to make a Revolving Loan during the existence of an Event of Default
without the written consent of the Required Revolving Lenders, (viii) no change, directly
or indirectly, in the definition of “Required Revolving Lenders”, “Required
Term A Lenders” or “Required Term B Lenders” shall be effective unless in
writing and signed by each Revolving Lender, Term A Lender or Term B Lender, respectively,
(ix) no amendment, waiver or consent shall modify the allocation of any payment between
the Term Loans without the consent of the Required Term A Lenders and the Required Term B
Lenders and (x) any Rate Swap Document and either Fee Letter may be amended, or rights or
privileges thereunder waived, in a writing executed by the parties thereto.
Notwithstanding the foregoing, upon the execution and delivery of all documentation
required by subsection 2.09(c) to be delivered in connection with an increase to
the Aggregate Revolving Commitment, this Agreement shall be deemed amended without further
action by any party to reflect, as applicable, the new Lenders and their new Revolving
Commitments and any increase in the Revolving Commitment of any existing Lender. 

        11.02    Notices.
(a) Except as otherwise provided herein, all notices, requests, consents, approvals,
waivers and other communications shall be in writing (including, unless the context
expressly otherwise provides, by facsimile transmission, provided that any matter
transmitted by the Company by facsimile (i) shall be immediately confirmed by a telephone
call to the recipient at the number specified on Schedule 11.02 (or, in the case
of a Lender other than Bank of America, in such Lender’s Administrative
Questionnaire), and (ii) shall be followed promptly by delivery of a hard copy original
thereof) and mailed, faxed or delivered, to the address or facsimile number specified for
notices on Schedule 11.02 (or, in the case of a Lender other than Bank of America,
in such Lender’s Administrative Questionnaire); or, as directed to the Company or
the Agent, to such other address as shall be designated by such party in a written notice
to the other parties, and as directed to any other party, at such other address as shall
be designated by such party in a written notice to the Company and the Agent.  

91 

        (b)              All
such notices, requests and communications shall, when transmitted by           overnight
delivery, or faxed, be effective when delivered for overnight           (next-day)
delivery, or transmitted in legible form by facsimile machine,           respectively, or
if mailed or delivered, upon delivery; except that notices           pursuant to Article
II, III or X to the Agent shall not be           effective until
actually received by the Agent, and notices pursuant to Article III to any Issuer
shall not be effective until actually received           by such Issuer at the address
specified on Schedule 11.02 (or, in the           case of an Issuer other than
Bank of America, in such Issuer’s           Administrative Questionnaire).  

        (c)              Any
agreement of the Agent and the Lenders herein to receive certain notices by
          telephone or facsimile is solely for the convenience and at the request of the
          Company. The Agent and the Lenders shall be entitled to rely on the authority
of           any Person identifying himself or herself as, and reasonably appearing to
be, a           Person authorized by the Company to give such notice and the Agent and
the           Lenders shall not have any liability to the Company or other Person on
account           of any action taken or not taken by the Agent or the Lenders in good
faith in           reliance upon such telephonic or facsimile notice. The obligation of
the           Borrowers to repay the Loans and L/C Obligations shall not be affected in
any           way or to any extent by any failure by the Agent and the Lenders to receive
          written confirmation of any telephonic or facsimile notice or the receipt by
the           Agent and the Lenders of a confirmation which is at variance with the terms
          understood by the Agent and the Lenders to be contained in the telephonic or
          facsimile notice.  

        11.03    No
Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on
the part of the Agent or any Lender, any right, remedy, power or privilege hereunder,
shall operate as a waiver thereof; nor shall any single or partial exercise of any right,
remedy, power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege.  

        11.04    Costs
and Expenses; Indemnification.  

        (a)              The
Company shall pay (i) all reasonable and documented out of pocket expenses
          incurred by the Lead Agents and their Affiliates (including the reasonable
fees,           charges and disbursements of counsel for the Lead Agents), in connection
with           the syndication of the credit facilities provided for herein, the
preparation,           negotiation, execution and delivery of this Agreement and the
other Loan           Documents or any amendments, modifications or waivers of the
provisions hereof           or thereof (whether or not the transactions contemplated
hereby or thereby shall           be consummated), (ii) all reasonable out of pocket
expenses incurred by the           Issuers in connection with the issuance, amendment,
renewal or extension of any           Letter of Credit or any demand for payment
thereunder and (iii) all out of           pocket expenses incurred by the Agent, any
Lender or any Issuer (including the           fees, charges and disbursements of any
counsel for the Agent, any Lender or any           Issuer), in connection with the
enforcement or protection of its rights during           the existence of any Default or
Event of Default (A) in connection with this           Agreement and the other Loan
Documents, including its rights under this Section,           or (B) in connection with
the Loans made or Letters of Credit issued hereunder,           including all such out of
pocket expenses incurred during any workout,           restructuring or negotiations in
respect of such Loans or Letters of Credit.  

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        (b)              The
Company shall indemnify each Agent-Related Person, each Lender, each Issuing
          Bank and each of the Related Parties of such Person (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 one counsel for the
          Lead Agents and one counsel for all other Indemnitees (except in each case to
          the extent that separate counsel would be required as the result of any
conflict           of interest)), incurred by any Indemnitee or asserted against any
Indemnitee by           any third party or by the Company 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 or the consummation of the
transactions           contemplated hereby or thereby or, in the case of the Agent (and
any sub-agent           thereof) and its Related Parties only, the administration of this
Agreement and           the other Loan Documents), (ii) any Loan or Letter of Credit or
the use or           proposed use of the proceeds therefrom (including any refusal by an
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 but excluding, solely as between the Company and such
Issuer           and without affecting the liability of the Company to any other
Indemnitee, any           action or omission for which such Issuer has agreed in writing
it is not           entitled to indemnification hereunder), (iii) any actual or alleged
presence or           release of Hazardous Materials on or from any property owned or
operated by the           Company or any of its Subsidiaries, or any Environmental Claim
related in any           way to the Company or any of its Subsidiaries, or (iv) any
actual or prospective           claim, litigation, investigation or proceeding relating
to any of the foregoing,           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 (A) result from a
breach by a Lender of Section 11.08, (B) arise from disputes between Indemnitees,
(C) 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 the use by such Indemnitee of confidential
information in a           manner that violates any Federal or state securities law, (D)
constitute           customary expenses for a Lender in connection with review of credit
          documentation and the closing of this Agreement or (E) 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 Loan Party has obtained a final and
          nonappealable judgment in its favor on such claim as determined by a court of
          competent jurisdiction.  

93 

        (c)              To
the extent that the Company for any reason fails to indefeasibly pay any           amount
required under subsection (a) or (b) to be paid by it to           any
Agent-Related Person or any Related Party of such Agent-Related Person, each
          Lender severally agrees to pay to such Agent-Related Person such Lender’s
          Total 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
          Agent-Related Person in its capacity as such, or against any Related Party
          acting for such Agent-Related Person in connection with such capacity. The
          obligations of the Lenders under this subsection (c) (i) are subject to
          the provisions of Section 2.18 and (ii) shall not in any way limit the
          obligations of the Company under this Section 11.04.  

        (d)              To
the fullest extent permitted by applicable law, the Company shall not assert,
          and hereby waives, any claim against any Indemnitee, on any theory of
liability,           for special, indirect, consequential or punitive damages (as opposed
to direct           or actual damages) arising out of, in connection with, or as a result
of, this           Agreement, 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 shall be
liable for any           damages arising from the use by third parties of any information
or other           materials obtained through IntraLinks or other similar information
transmission           systems in connection with this Agreement or the other Loan
Documents or the           transactions contemplated hereby or thereby.  

        (e)              The
obligations in this Section shall survive payment of all other Obligations.           At
the election of any Indemnitee, the Company shall defend such Indemnitee           using
legal counsel satisfactory to such Indemnitee in such Person’s sole
          discretion, at the sole cost and expense of the Company. All amounts owing
under           this Section shall be paid within 30 days after demand (which demand
shall be           accompanied by a statement from the applicable Indemnitee setting
forth such           amounts in reasonable detail).  

        11.05    Marshalling;
Payments Set Aside. Neither the Agent nor the Lenders shall be under any obligation
to marshall any assets in favor of any Borrower or any other Person or against or in
payment of any or all of the Obligations. To the extent that any Borrower makes a payment
to the Agent or the Lenders, or the Agent or the Lenders exercise their right of set-off,
and such payment or the proceeds of such set-off or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by the Agent or such Lender in its discretion) to
be repaid to a trustee, receiver or any other party, in connection with any Insolvency
Proceeding 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 set-off had not occurred, and (b)
each Lender severally agrees to pay to the Agent upon demand its applicable Percentage of
any amount so recovered from or repaid by the Agent.  

        11.06    Successors
and Assigns. The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns, except that
the Company may not assign or transfer any of its rights or obligations under this
Agreement without the prior written consent of the Agent and each Lender.  

94 

        11.07    Assignments,
Participations, Etc.  

        (a)    Assignments
by Lenders. Any Lender may at any time assign to one or more           Eligible
Assignees (each an “Assignee”) all or a portion of its           rights
and obligations under this Agreement (including all or a portion of its
          Commitment(s) and the Loans (including for purposes of this subsection
          11.07(a), 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:  

	 	        (i)    Minimum
Amounts.  

	 	        (A)              in
the case of (1) an assignment of the entire remaining amount of the assigning
          Lender’s Loans of a particular Class at the time owing to it and the
          related Commitment (if any) or (2) an assignment to an Affiliate of a Lender,
no           minimum amount need be assigned; and  

	 	        (B)              in
any case not described in clause (A) above, 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 Agent or, if “Trade Date” is specified in the
          Assignment and Assumption, as of the Trade Date, shall not be less than (1)
          $5,000,000, in the case of any assignment of Revolving Loans and/or Revolving
          Commitments, (2) $2,500,000, in the case of any assignment in respect of Term A
          Loans and/or Term A Commitments, or (3) $1,000,000, in the case of any
          assignment in respect of Term B Loans and/or Term B Commitments, unless each of
          the Agent 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 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 (A) apply to the Swing           Line Lender’s
rights and obligations in respect of Swing Line Loans, (B)           apply to any
Fronting Lender’s rights and obligations in respect of Fronted           Offshore
Currency Loans and/or Fronted Offshore Currency Commitments or (C)           prohibit any
Lender from assigning all or a portion of its rights and           obligations among the
separate credit facilities hereunder on a non-pro rata           basis;  

	 	        (iii)    Required
Consents. No consent shall be required for any assignment except           to the
extent required by clause (i)(B) above and, in addition:  

95 

	 	        (A)              the
consent of the Company (such consent not to be unreasonably withheld or
          delayed) shall be required unless (1) an Event of Default has occurred and is
          continuing at the time of such assignment or (2) such assignment is to an
          Affiliate of the assigning Lender, an Approved Fund or, in the case of
          assignments of Term B Loans and/or Term B Commitments, a Lender;  

	 	        (B)              the
consent of the Agent (such consent not to be unreasonably withheld or           delayed)
shall be required for assignments in respect of (i) any Term Commitment           or
Revolving Commitment if such assignment is to a Person that is not a Lender
          with a Commitment in respect of the applicable facility, an Affiliate of such
          Lender or an Approved Fund with respect to such Lender or (ii) any Term Loan to
          a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund;
and  

	 	        (C)              the
consent of each Issuer, the Swing Line Lender and each Fronting Lender (such
          consents not to be unreasonably withheld or delayed) shall be required for any
          assignment in respect of Revolving Loans and/or Revolving Commitments to an
          Assignee other than a Revolving Lender.  

	 	        (iv)    Assignment
and Assumption. The parties to each assignment shall execute           and deliver to
the Agent an Assignment and Assumption, together with a           processing and
recordation fee of $3,500, provided that the Agent may, in           its sole
discretion, elect to waive such processing and recordation fee in the           case of
any assignment. The Assignee, if it shall not be a Lender, shall deliver           to the
Agent an Administrative Questionnaire.  

	 	        (v)    No
Assignment to Borrower. No such assignment shall be made to any           Borrower or
any Affiliate or Subsidiary of any Borrower.  

	 	        (vi)    No
Assignment to Natural Persons. No such assignment shall be made to a
          natural person.  

Subject to acceptance and recording
thereof by the Agent pursuant to subsection (b) below, from and after the
effective date specified in each Assignment and Assumption, the 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 4.01,
4.03, 4.04 and 11.04 with respect to facts and circumstances
occurring prior to the effective date of such assignment). Upon request, the applicable
Borrower (at its expense) shall execute and deliver a Note to the Assignee. 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
(c) below. 

96 

        (b)    Register.
The Agent, acting solely for this purpose as an agent of the           Borrower, shall
maintain at the Agent’s Payment 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, the Agent and the Lenders           may
treat each Person whose name is recorded in the Register pursuant to the           terms
hereof as a Lender hereunder for all purposes of this Agreement,
          notwithstanding notice to the contrary. The Register shall be available for
          inspection by the Company and any Lender, at any reasonable time and from time
          to time upon reasonable prior notice.  

        (c)    Participations.
Any Lender may at any time, without the consent of, or           notice to, any Borrower
or the Agent, sell participations to any Person (other           than a natural person,
any Borrower or any Affiliate or Subsidiary of any           Borrower) (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           applicable Borrower, the Agent, 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 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 11.01          that affects such Participant. Subject to subsection
(d) below, the           Borrower agrees that each Participant shall be entitled to
the benefits of Sections 4.01 and 4.03to the same extent
as if           it were a Lender and had acquired its interest by assignment pursuant to
subsection 11.07(a). To the extent permitted by law, each Participant
          also shall be entitled to the benefits of Section 11.09as
though it were a Lender, provided such Participant agrees to be           subject
to Section 2.18 as though it were a Lender.  

        (d)    Limitations
upon Participant Rights. A Participant shall not be entitled           to receive any
greater payment under Section 4.01 or 4.03 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 applicable Borrower’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 4.01 unless the           applicable
Borrower is notified of the participation sold to such Participant           and such
Participant agrees, for the benefit of such Borrower, to comply with Section 10.11 as
though it were a Lender.  

        (e)    Certain
Pledges. Any Lender may, without the consent of the Agent or the           Company,
at any time pledge or assign a security interest in all or any portion           of its
rights under this Agreement (including under its Note, 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.  

97 

        (f)    Electronic
Execution of Assignments. The words “execution,”          “signed,” “signature,” and
words of like import in any           Assignment and Assumption 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.  

        (g)    Resignation
as an Issuer or Swing Line Lender after Assignment.           Notwithstanding
anything to the contrary contained herein, if at any time any           Revolving Lender
acting as an Issuer or the Swing Line Lender assigns all of its           Revolving
Commitment and Revolving Loans pursuant to subsection (a)          above, such
Person may, as applicable, (i) upon 30 days’ notice to the           Borrowers, the
Lenders and the Agent, resign as an Issuer and/or (ii) upon 30           days’ notice
to the Borrowers and the Agent, resign as the Swing Line           Lender. In the event
of any such resignation of an Issuer or the Swing Line           Lender, the Company
shall be entitled to appoint from among the Revolving           Lenders (with the consent
of such appointee) a successor Issuer or Swing Line           Lender hereunder, as
applicable; provided that no failure by the Company           to appoint any such
successor shall affect the resignation of such Person as an           Issuer or as the
Swing Line Lender, as the case may be. If a Person resigns as           an Issuer, it
shall retain all the rights, powers, privileges and duties of an           Issuer
hereunder with respect to all Letters of Credit outstanding as of the           effective
date of its resignation as an Issuer and all L/C Obligations with           respect
thereto (including the right to require the Lenders to make Base Rate           Loans or
fund risk participations in unreimbursed amounts under Letters of           Credit
pursuant to Section 3.03). If a Person resigns as the 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 Loans or fund risk participations in outstanding Swing Line           Loans
pursuant to subsection 2.06(b). Upon the appointment of a successor
          Issuer, (a) such successor Issuer shall succeed to and become vested with all
of           the rights, powers, privileges and duties of the retiring Issuer and (b)
such           successor 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 Issuer to effectively assume
the           obligations of such retiring Issuer with respect to such Letters of Credit.
Upon           the appointment of a successor Swing Line Lender, such successor shall
succeed           to and become vested with all of the rights, powers, privileges and
duties of           the retiring Swing Line Lender.  

98 

        11.08    Confidentiality.
Each Lender agrees to maintain the confidentiality of all information provided to it by
or on behalf of the Company or any Subsidiary, or by the Agent on the Company’s or
such Subsidiary’s behalf, under this Agreement or any other Loan Document, and
neither it nor any of its Affiliates shall use any such information other than in
connection with or in enforcement of this Agreement and the other Loan Documents or in
connection with other business now or hereafter existing or contemplated with the Company
or any Subsidiary; except to the extent such information (i) was or becomes generally
available to the public other than as a result of disclosure by the Lender or its
Affiliates, or (ii) was or becomes available on a non-confidential basis from a source
other than the Company or a Subsidiary, provided that such source is not bound by a
confidentiality agreement with the Company known to the Lender; provided that any
Lender may disclose such information (A) at the request or pursuant to any requirement of
any Governmental Authority to which the Lender is subject or in connection with an
examination of such Lender by any such authority; (B) pursuant to subpoena or other court
process; (C) when required to do so in accordance with the provisions of any applicable
Requirement of Law; (D) to the extent reasonably required in connection with any
litigation or proceeding involving the Company to which the Agent, any Lender or their
respective Affiliates may be party; (E) to the extent reasonably required in connection
with the exercise of any remedy hereunder or under any other Loan Document; (F) to such
Lender’s independent auditors, trustees and other professional advisors; (G) to any
Participant or Assignee, actual or potential, or to any direct, indirect, actual or
prospective counterparty to any swap, derivative or securitization transaction related to
the Obligations, provided that, in each case, such Person agrees in writing to keep such
information confidential to the same extent required of the Lenders hereunder; (H) as to
any Lender or its Affiliate, as expressly permitted under the terms of any other document
or agreement regarding confidentiality to which the Company or any Subsidiary is party
with such Lender or such Affiliate; (I) to its Affiliates, provided that such Affiliate
is advised of the confidentiality requirements set forth herein and agrees in writing
(for the benefit of the Company) to keep such information confidential to the same extent
required hereunder (it being understood that each Lender shall be liable for the breach
by any of its Affiliates of any such confidentiality requirement); and (J) to the
National Association of Insurance Commissioners or any similar organization or any
nationally recognized rating agency that requires access to information about such Lender’s
investment portfolio in connection with ratings issued with respect to such Lender. Each
Lender will, so long as not prohibited from doing so by any Requirement of Law, notify
the Company of any request for information of the type referred to in clause (B) or
(C) above prior to disclosing such information so that the Company may seek
appropriate relief from any applicable court or other Governmental Authority.  

        11.09    Set-off.
In addition to any rights and remedies of the Lenders provided by law, if an Event of
Default exists or the Loans have been accelerated, each Lender and each of its Affiliates
is authorized at any time and from time to time, without prior notice to any Borrower,
any such notice being waived by each Borrower to the fullest extent permitted by law, to
set off and apply any and all deposits (general or special, time or demand, provisional
or final) at any time held by, and other indebtedness at any time owing by, such Lender
or such Affiliate to or for the credit or the account of such Borrower against any and
all Obligations owing to such Lender or such Affiliate, now or hereafter existing,
irrespective of whether or not the Agent or such Lender shall have made demand under this
Agreement or any Loan Document and although such Obligations may be denominated in a
different currency, contingent or unmatured. Each Lender agrees promptly to notify the
Company and the Agent after any such set-off and application made by such Lender or such
Affiliate; provided that the failure to give such notice shall not affect the
validity of such set-off and application.  

99 

        11.10    Automatic
Debits of Fees. With respect to any commitment fee, arrangement fee, letter of credit
fee or other fee, or any other cost or expense (including Attorney Costs) due and payable
to the Agent, any Issuer, Bank of America or either Arranger under the Loan Documents,
the Company hereby irrevocably authorizes Bank of America to debit any deposit account of
the Company with Bank of America in an amount such that the aggregate amount debited from
all such deposit accounts does not exceed such fee or other cost or expense; providedthat
so long as no Event of Default has occurred and is continuing, Bank of America has given
notice to the Company thereof not later than the date prior to the date of such debit. If
there are insufficient funds in such deposit accounts to cover the amount of the fee or
other cost or expense then due, such debits will be reversed so as not to create an
overdraft (in whole or in part, in Bank of America’s sole discretion) and such
amount not debited shall be deemed to be unpaid. No such debit under this Section shall
be deemed a set-off.  

        11.11    Notification
of Addresses, Lending Offices, Etc. Each Lender shall notify the Agent in writing of
any changes in the address to which notices to the Lender should be directed, of
addresses of any Lending Office, of payment instructions in respect of all payments to be
made to it hereunder and of such other administrative information as the Agent shall
reasonably request.  

        11.12    Counterparts.
This Agreement may be executed in any number of separate counterparts, each of which,
when so executed, shall be deemed an original, and all of said counterparts taken
together shall be deemed to constitute but one and the same instrument.  

        11.13    Severability.
The illegality or unenforceability of any provision of this Agreement or any instrument
or agreement required hereunder shall not in any way affect or impair the legality or
enforceability of the remaining provisions of this Agreement or any instrument or
agreement required hereunder.  

        11.14    No
Third Parties Benefited. This Agreement is made and entered into for the sole
protection and legal benefit of the Borrowers, the Lenders, the Lead Agents and the
Agent-Related Persons, and their permitted successors and assigns, and no other Person
shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause
of action or claim in connection with, this Agreement or any of the other Loan Documents.  

        11.15    Governing
Law and Jurisdiction. (a) THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAW OF THE STATE OF ILLINOIS (WITHOUT REGARD
TO CONFLICTS OF LAW PROVISIONS THEREOF); PROVIDED THAT THE BORROWERS, THE AGENT
AND THE LENDERS SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.  

        (b)              ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN
          DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF ILLINOIS OR OF THE UNITED
          STATES FOR THE NORTHERN DISTRICT OF ILLINOIS, AND BY EXECUTION AND DELIVERY OF
          THIS AGREEMENT, EACH OF THE BORROWERS, THE AGENT AND THE LENDERS CONSENTS, FOR
          ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF
          THOSE COURTS. EACH OF THE BORROWERS, THE AGENT AND THE LENDERS IRREVOCABLY
          WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED
ON           THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER
HAVE           TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN
RESPECT OF           THIS AGREEMENT OR ANY DOCUMENT RELATED HERETO. THE BORROWERS, THE
AGENT AND THE           LENDERS EACH WAIVE PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR
OTHER PROCESS,           WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY ILLINOIS LAW.  

100 

        11.16    WAIVER
OF JURY TRIAL. THE BORROWERS, THE LENDERS AND THE AGENT EACH WAIVE THEIR RESPECTIVE
RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR
RELATED TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY
ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR ANY AGENT-RELATED PERSON, PARTICIPANT OR
ASSIGNEE, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. THE
BORROWERS, THE LENDERS AND THE AGENT EACH AGREE THAT ANY SUCH CLAIM OR CAUSE OF ACTION
SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE
PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY
OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS,
IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR THE
OTHER LOAN DOCUMENTS OR ANY PROVISION HEREOF OR THEREOF. THIS WAIVER SHALL APPLY TO ANY
SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT AND THE
OTHER LOAN DOCUMENTS.  

        11.17    Judgment.
If, for the purposes of filing a claim or obtaining judgment in any court, it is
necessary to convert a sum due hereunder or under 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 Agent 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 Agent 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 Agent or such Lender of any sum adjudged to be so due in the Judgment
Currency, the Agent or such Lender 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 Agent or such
Lender in the Agreement Currency, each Borrower agrees, as a separate obligation and
notwithstanding any such judgment, to indemnify the Agent or such Lender or the Person to
whom such obligation was owing against such loss. If the amount of the Agreement Currency
so purchased is greater than the sum originally due to the Agent or such Lender in such
currency, the Agent or such Lender agrees to return the amount of any excess to such
Borrower (or to any other Person who may be entitled thereto under applicable law).  

101 

        11.18    Entire
Agreement. This Agreement, together with the other Loan Documents, embodies the
entire agreement and understanding among the Borrowers, the Lenders and the Agent, and
supersedes all prior or contemporaneous agreements and understandings of such Persons,
verbal or written, relating to the subject matter hereof and thereof.  

        11.19    USA
PATRIOT Act Notice. Each Lender that is subject to the Act (as hereinafter defined)
and the Agent (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
or the Agent, as applicable, to identify such Borrower in accordance with the Act.  

ARTICLE XII  

COMPANY GUARANTY 

        12.01    The
Guaranty. In order to induce the Lenders to enter into this Agreement and to extend
credit hereunder and in recognition of the direct benefits to be received by the Company
from the proceeds of the Loans and the issuance of the Letters of Credit, the Company
hereby agrees with the Lenders as follows: the Company hereby unconditionally and
irrevocably guarantees as primary obligor and not merely as surety the full and prompt
payment when due, whether upon maturity, acceleration or otherwise, of any and all of the
Guaranteed Obligations of the Subsidiary Borrowers to the Guaranteed Creditors. If any or
all of the Guaranteed Obligations of such Borrowers to the Guaranteed Creditors becomes
due and payable hereunder, the Company unconditionally promises to pay such indebtedness
to the Agent and/or the Lenders, on demand, together with any and all expenses which may
be incurred by the Agent or the Lenders in collecting any of the Guaranteed Obligations.
If claim is ever made upon any Guaranteed Creditor for repayment or recovery of any
amount or amounts received in payment or on account of any of the Guaranteed Obligations
and any of the aforesaid payees repays all or part of said amount by reason of (i) any
judgment, decree or order of any court or administrative body having jurisdiction over
such payee or any of its property or (ii) any settlement or compromise of any such claim
effected by such payee with any such claimant (including the Borrowers), then and in such
event the Company agrees that any such judgment, decree, order, settlement or compromise
shall be binding upon the Company, notwithstanding any revocation of this Guaranty or
other instrument evidencing any liability of any Borrower, and the Company shall be and
remain liable to the aforesaid payees hereunder for the amount so repaid or recovered to
the same extent as if such amount had never originally been received by any such payee.  

        12.02    Insolvency.
Additionally, the Company unconditionally and irrevocably guarantees the payment of the
Dollar Equivalent of any and all of the Guaranteed Obligations of the Subsidiary
Borrowers to the Guaranteed Creditors whether or not due or payable by any Borrower upon
the occurrence of any of the events specified in subsection 9.01(f) or (g),
and unconditionally promises to pay the Dollar Equivalent of such Guaranteed Obligations
to the Guaranteed Creditors, or order, on demand, in lawful money of the United States.  

102 

        12.03    Nature
of Liability. The liability of the Company hereunder is exclusive and independent of
any security for or other guaranty of the Guaranteed Obligations of any Borrower whether
executed by the Company, any other guarantor or by any other party, and the liability of
the Company hereunder is not affected or impaired by (a) any direction as to application
of payment by any Borrower or by any other party; or (b) any other continuing or other
guaranty, undertaking or maximum liability of a guarantor or of any other party as to the
Guaranteed Obligations of any Borrower; or (c) any payment on or in reduction of any such
other guaranty or undertaking; or (d) any dissolution, termination or increase, decrease
or change in personnel by any Borrower; or (e) any payment made to any Guaranteed
Creditor on the Guaranteed Obligations which any such Guaranteed Creditor repays to any
Borrower pursuant to court order in any bankruptcy, reorganization, arrangement,
moratorium or other debtor relief proceeding, and the Company waives any right to the
deferral or modification of its obligations hereunder by reason of any such proceeding.  

        12.04    Independent
Obligation. The obligations of the Company hereunder are independent of the
obligations of any other guarantor, any other party or any Borrower, and a separate
action or actions may be brought and prosecuted against the Company whether or not action
is brought against any other guarantor, any other party or any Borrower and whether or
not any other guarantor, any other party or any Borrower is joined in any such action or
actions. The Company waives, to the full extent permitted by law, the benefit of any
statute of limitations affecting its liability hereunder or the enforcement thereof. Any
payment by a Borrower or other circumstance which operates to toll any statute of
limitations as to such Borrower shall operate to toll the statute of limitations as to
the Company’s obligations under this Article XII.  

        12.05    Authorization.
The Company authorizes the Guaranteed Creditors without notice or demand (except as shall
be required by applicable statute and cannot be waived), and without affecting or
impairing its liability hereunder, from time to time to:  

        (a)              change
the manner, place or terms of payment of, and/or change or extend the           time of
payment of, renew, increase, accelerate or alter, any of the Guaranteed
          Obligations (including any increase or decrease in the rate of interest
          thereon), any security therefor, or any liability incurred directly or
          indirectly in respect thereof, and the Guaranty herein made shall apply to the
          Guaranteed Obligations as so changed, extended, renewed or altered;  

        (b)              take
and hold security for the payment of the Guaranteed Obligations and sell,
          exchange, release, surrender, realize upon or otherwise deal with in any manner
          and in any order any property by whomsoever at any time pledged or mortgaged to
          secure, or howsoever securing, the Guaranteed Obligations or any liabilities
          (including any of those hereunder) incurred directly or indirectly in respect
          thereof or hereof, and/or any offset thereagainst;  

        (c)              exercise
or refrain from exercising any rights against any Borrower or others or
          otherwise act or refrain from acting;  

103 

        (d)              release
or substitute any one or more endorsers, guarantors, Borrowers or other
          obligors;  

        (e)              settle
or compromise any of the Guaranteed Obligations, any security therefor or           any
liability (including any of those hereunder) incurred directly or indirectly           in
respect thereof or hereof, and may subordinate the payment of all or any part
          thereof to the payment of any liability (whether due or not) of any Borrower to
          its creditors other than the Guaranteed Creditors;  

        (f)              apply
any sums by whomsoever paid or howsoever realized to any liability or
          liabilities of any Borrower to the Guaranteed Creditors regardless of what
          liability or liabilities of the Company or any Borrower remain unpaid;  

        (g)              consent
to or waive any breach of, or any act, omission or default under, this
          Agreement or any of the instruments or agreements referred to herein, or
          otherwise amend, modify or supplement this Agreement or any of such other
          instruments or agreements; and/or (h) take any other action which would, under
          otherwise applicable principles of common law, give rise to a legal or
equitable           discharge of the Company from its liabilities under this Guaranty;  

it being understood that the
foregoing shall not permit any action by the Agent or any Lender that is not otherwise
permitted by this Agreement or any other Loan Document. 

        12.06    Reliance.
It is not necessary for any Guaranteed Creditor to inquire into the capacity or powers of
any Borrower or the officers, directors, partners or agents acting or purporting to act
on their behalf, and any Guaranteed Obligations made or created in reliance upon the
professed exercise of such powers shall be guaranteed hereunder.  

        12.07    Subordination.
Any of the indebtedness of each Borrower relating to the Guaranteed Obligations now or
hereafter owing to the Company is hereby subordinated to the Guaranteed Obligations of
such Borrower owing to the Guaranteed Creditors, and if the Agent so requests at a time
when an Event of Default exists, all such indebtedness relating to the Guaranteed
Obligations of such Borrower to the Company shall be collected, enforced and received by
the Company for the benefit of the Guaranteed Creditors and be paid over to the Agent on
behalf of the Guaranteed Creditors on account of the Guaranteed Obligations of such
Borrower to the Guaranteed Creditors, but without affecting or impairing in any manner
the liability of the Company under the other provisions of this Guaranty. Prior to the
transfer by the Company of any note or negotiable instrument evidencing any of the
indebtedness relating to the Guaranteed Obligations of such Borrower to the Company, the
Company shall mark such note or negotiable instrument with a legend that the same is
subject to this subordination. Without limiting the generality of the foregoing, the
Company hereby agrees with the Guaranteed Creditors that it will not exercise any right
of subrogation which it may at any time otherwise have as a result of this Guaranty
(whether contractual, under Section 509 of the Bankruptcy Code or otherwise) until all
Guaranteed Obligations have been irrevocably paid in full in cash.  

        12.08    Waiver.  

104 

        (a)              The
Company waives any right (except as shall be required by applicable statute           and
cannot be waived) to require any Guaranteed Creditor to (i) proceed against           any
Borrower, any other guarantor or any other party, (ii) proceed against or
          exhaust any security held from any Borrower, any other guarantor or any other
          party or (iii) pursue any other remedy in any Guaranteed Creditor’s power
          whatsoever. The Company waives any defense based on or arising out of any
          defense of any Borrower, any other guarantor or any other party, other than
          payment in full of the Guaranteed Obligations, based on or arising out of the
          disability of any Borrower, any other guarantor or any other party, or the
          validity, legality or unenforceability of the Guaranteed Obligations or any
part           thereof from any cause, or the cessation from any cause of the liability
of any           Borrower other than payment in full of the Guaranteed Obligations. The
          Guaranteed Creditors may, at their election, foreclose on any security held by
          the Agent or any other Guaranteed Creditor by one or more judicial or
          nonjudicial sales, whether or not every aspect of any such sale is commercially
          reasonable (to the extent such sale is permitted by applicable law), or
exercise           any other right or remedy the Guaranteed Creditors may have against
any Borrower           or any other party, or any security, without affecting or
impairing in any way           the liability of the Company hereunder except to the
extent the Guaranteed           Obligations have been paid. The Company waives any
defense arising out of any           such election by the Guaranteed Creditors, even
though such election operates to           impair or extinguish any right of
reimbursement or subrogation or other right or           remedy of the Company against
any Borrower or any other party or any security.  

        (b)              Except
as otherwise expressly provided in this Agreement, the Company waives all
          presentments, demands for performance, protests and notices, including notices
          of nonperformance, notices of protest, notices of dishonor, notices of
          acceptance of this Guaranty, and notices of the existence, creation or
incurring           of new or additional Guaranteed Obligations. The Company assumes all
          responsibility for being and keeping itself informed of each Borrower’s
          financial condition and assets, and of all other circumstances bearing upon the
          risk of nonpayment of the Guaranteed Obligations and the nature, scope and
          extent of the risks which the Company assumes and incurs hereunder, and agrees
          that the Agent and the Lenders shall have no duty to advise the Company of
          information known to them regarding such circumstances or risks.  

        12.09    Nature
of Liability. It is the desire and intent of the Company and the Guaranteed Creditors
that this Guaranty shall be enforced against the Company to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in which
enforcement is sought. If, however, and to the extent that, the obligations of the
Company under this Guaranty shall be adjudicated to be invalid or unenforceable for any
reason (including because of any applicable state or federal law relating to fraudulent
conveyances or transfers), then the amount of the Guaranteed Obligations shall be deemed
to be reduced and the Company shall pay the maximum amount of the Guaranteed Obligations
which would be permissible under applicable law.  

        12.10    No
Fiduciary or Implied Duties. The Company acknowledges and agrees, and acknowledges
its Affiliates’understanding, that in acting as a Lead Agent, no Lead Agent will
have responsibility except as set forth in this Agreement and shall in no event be
subject to any fiduciary or other implied duties. The Company waives and releases, to the
fullest extent permitted by law, any claims that it may have against any Lead Agent with
respect to any breach or alleged breach of agency or fiduciary duty.  

105 

        12.11    Termination
of Existing Credit Agreement. The Company and the Lenders that are parties to the
Existing Credit Agreement agree that concurrently with the effectiveness hereof, all
“Commitments” under and as defined in the Existing Credit Agreement shall
terminate and the Existing Credit Agreement shall be of no further force or effect
(except for provisions thereof that by their terms survive termination thereof).  

[signature pages
follow]  

106 

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

		OSHKOSH TRUCK CORPORATION
	

 	By: /s/ Charles L. Szews
		Name: Charles L. Szews
		Title: Executive Vice President and 
            Chief Financial Officer 
	

 	BANK OF AMERICA, N.A., as Agent
	

 	By: /s/ David A. Johanson
		Name: David A. Johanson
		Title: Vice President
	

 	BANK OF AMERICA, N.A., as a Lender, as an 
Issuer and as Swing Line Lender
	

 	By: /s/ Mark R. Motuelle
		Name: Mark R. Motuelle
		Title: Senior Vice President

Signature page to
Oshkosh Credit Agreement 

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

 	By: /s/ James M. Sumoski
		Name: James M. Sumoski
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		BMO CAPITAL MARKETS FINANCING INC., as Co-Documentation Agent and as a Lender
	

 	By: /s/ Patrick McDonnell
		Name: Patrick McDonnell
		Title: Managing Director

Signature page to
Oshkosh Credit Agreement 

		LASALLE BANK, NATIONAL ASSOCIATION, 
as Co-Documentation Agent and as a Lender
	

 	By: /s/ Jeff Janza
		Name: Jeff Janza
		Title: First Vice President

Signature page to
Oshkosh Credit Agreement 

		SUNTRUST BANK, as Co-Documentation Agent, 
as an Issuer and as a Lender
	

 	By: /s/ William Humphries
		Name: William Humphries
		Title: Managing Director

Signature page to
Oshkosh Credit Agreement 

		THE ROYAL BANK OF SCOTLAND PLC
	

 	By: /s/ Angela Reilly
		Name: Angela Reilly
		Title: Managing Director

Signature page to
Oshkosh Credit Agreement 

		MIZUHO CORPORATE BANK, LTD.
	

 	By: /s/ Robert Gallagher
		Name: Robert Gallagher
		Title: Team Leader and Senior Vice President

Signature page to
Oshkosh Credit Agreement 

		THE BANK OF TOKYO-MITSUBISHI UFJ, 
LTD., CHICAGO BRANCH
	

 	By: /s/ Hirotsugu Hayashi
		Name: Hirotsugu Hayashi
		Title: General Manager

Signature page to
Oshkosh Credit Agreement 

		GOLDMAN SACHS CREDIT PARTNERS L.P.
	

 	By: /s/ Bruce M. Mendelsohn
		Name: Bruce M. Mendelsohn
		Title: Authorized Signatory

Signature page to
Oshkosh Credit Agreement 

		SUMITOMO MITSUI BANKING CORPORATION
	

 	By: /s/ Yoshihiro Hyakutome
		Name: Yoshihiro Hyakutome
		Title: Joint General Manager

Signature page to
Oshkosh Credit Agreement 

		CITIBANK, N.A.
	

 	By: /s/ James M. Buchanan
		Name: James M. Buchanan
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		WELLS FARGO BANK, NATIONAL ASSOCIATION
	

 	By: /s/ Mark H. Halldorson
		Name: Mark H. Halldorson
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		BAYERISCHE HYPO-UND VEREINSBANK, 
AG, NEW YORK BRANCH
	

 	By: /s/ Ken Hamilton
		Name: Ken Hamilton
		Title: Director
	

 	By: /s/ Richard Cordover
		Name: Richard Cordove
		Title: Director

Signature page to
Oshkosh Credit Agreement 

		CALYON NEW YORK BRANCH
	

 	By: /s/ Joseph A. Philbin
		Name: Joseph A. Philbin
		Title: Director
	

 	By: /s/ Lee E. Greve
		Name: Lee E. Greve
		Title: Managing Director, Deputy Manager

Signature page to
Oshkosh Credit Agreement 

		COMMERZBANK AG, NEW YORK AND 
GRAND CAYMAN BRANCHES
	

 	By: /s/ John Marlatt
		Name: John Marlat
		Title: Senior Vice President
	

 	By: /s/ Hajo Neugaertner
		Name: Hajo Neugaertner
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		NATIONAL CITY BANK
	

 	By: /s/ James Kershner
		Name: James Kershner
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		ASSOCIATED BANK, N.A.
	

 	By: /s/ Joseph Gehrke
		Name: Joseph Gehrke
		Title: Senior Vice President

Signature page to
Oshkosh Credit Agreement 

		BNP PARIBAS
	

 	By: /s/ Andrew Strait
		Name: Andrew Strait
		Title: Managing Director
	

 	By: /s/ Christopher Grumboski
		Name: Christopher Grumboski
		Title: Director

Signature page to
Oshkosh Credit Agreement 

		COMMERCE BANK, N.A.
	

 	By: /s/ Jamison Tranfalia
		Name: Jamison Tranfalia
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		KBC BANK NV
	

 	By: /s/ Jean-Pierre Diels
		Name: Jean-Pierre Diels
		Title: First Vice President
	

 	By: /s/ William Cavanaugh
		Name: William Cavanaugh
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		MIDAMERICA BANK, FSB
	

 	By: /s/ Paul Jelacic
		Name: Paul Jelacic
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		UNITED OVERSEAS BANK LIMITED, NEW 
YORK AGENCY
	

 	By: /s/ George Lim
		Name: George Lim
		Title: FVP & General Manager
	

 	By: /s/ Mario Sheng
		Name: Mario Sheng
		Title: AVP

Signature page to
Oshkosh Credit Agreement 

		COMERICA BANK
	

 	By: /s/ Heather Whiting
		Name: Heather Whiting
		Title: Assistant Vice President

Signature page to
Oshkosh Credit Agreement 

		CATERPILLAR FINANCIAL SERVICES 
CORPORATION
	

 	By: /s/ Christopher C. Patterson
		Name: Christopher C. Patterson
		Title: Global Operations Manager-Capital Markets

Signature page to
Oshkosh Credit Agreement 

		CRÉDIT INDUSTRIEL ET COMMERCIAL
	

 	By: /s/ Brian O’Leary
		Name: Brian O’Leary
		Title: Vice President
	

 	By: /s/ Marcus Edward
		Name: Marcus Edward
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		MB FINANCIAL BANK, N.A.
	

 	By: /s/ Henry Wessel
		Name: Henry Wessel
		Title: Vice President

Signature page to
Oshkosh Credit Agreement 

		SAN PAOLO IMI S.P.A.
	

 	By: /s/ Renato Carducci
		Name: Renato Carducci
		Title: General Manager
	

 	By: /s/ Robert Wurster
		Name: Robert Wurster
		Title: Senior Vice President

Signature page to
Oshkosh Credit Agreement 

		FIRSTRUST BANK
	

 	By: /s/ Kent D. Nelson
		Name: Kent D. Nelson
		Title: Senior Vice President

Signature page to
Oshkosh Credit AgreementLEVALL FINANCE CORP. LLC 

September 28, 2006 

Mr.           Philip S. Pesin 
Auriga
Laboratories, Inc.  
Chairman & CEO
5555 Triangle Parkway, Suite 300  
Norcross, GA
30092  

Dear Mr. Pesin: 

        The
letter agreement shall amend that certain Senior Secured Promissory Note entered into by
and between Auriga Laboratories, Inc. (“Company”) and Levall Finance Corp. LLC
(“LFC”) dated as August 29, 2006 (the “Note”). This amendment shall be
deemed effective as of August 29, 2006. 

        Section
2 of the Note shall be amended and restated in its entirety as follows: 

	 	
“Section
2. Warrants. Concurrent herewith, the Company shall deliver to Holder a warrant
exercisable for 1,500,000 fully paid and non-assessable shares of the Company’s
common stock at the exercise price of $1.92 in the form of warrant attached hereto as
Exhibit A.” 

        The
first sentence of Section 3 of the Note shall be amended and restated in its entirety as
follows: 

	 	
“Section
3. Maturity. Upon the earlier of (i) the closing of a Qualified Financing (as defined
below), or (ii) December 15, 2006 (the “Maturity Date”), the entire outstanding
principal balance of, and all accrued and unpaid interest on, this Note shall mature and
be due and payable to the Holder by the Company.” 

        The
following sentence shall be added to Section 5: “The royalty obligation under this
Section 5 shall exist in perpetuity.” 

        Section
6(d) shall be amended and restated in its entirety as follows: 

          		    (d)       
               Security Interest. This Note is a direct debt obligation of the Company
               and is secured by a first priority perfected security interest in all of the
               assets of the Company for the benefit of the Holder. Notwithstanding the
               foregoing, the first priority security provided by the Company hereby shall be
               on a pro-rata basis and pari passu to that certain senior secured note
               entered into by the Company and Aquoral Finance Corp. LLC dated as of September
               28, 2006. 

               

1 

        Section
6(j) shall be amended and restated in its entirety as follows: 

          		    (j)       
               Seniority. This Note is pari passu in right of payment to that
               certain senior secured note entered into by the Company and Aquoral Finance
               Corp. LLC dated as of September 28, 2006 but is senior in right of payment to
               any and all other indebtedness of the Company. 

               

        If
the Company is in agreement with these modifications, please sign below. 

	 	
Very
truly yours,                                                      
LEVALL FINANCE CORP.,
LLC                                                      
By: Sorrento Financial Partners,
LLC, its manager

	 	
/s/
Philip S. Pesin                                                                     
Name:
   Philip S. Pesin                                                      
Managing Member

AGREED AND ACCEPTED 
AURIGA
LABORATORIES, INC. 

/s/ Philip S. Pesin   
Philip S.
Pesin
Chairman & CEO  

2

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