Document:

exv10w4

Exhibit 10.4

EXECUTION VERSION

CREDIT AGREEMENT

Dated as of March 31, 2011

Among

AVAGO TECHNOLOGIES FINANCE PTE. LTD.

as Borrower

AVAGO TECHNOLOGIES HOLDING PTE. LTD.

AVAGO TECHNOLOGIES INTERNATIONAL SALES PTE. LIMITED

AVAGO TECHNOLOGIES U.S. INC.

and

AVAGO TECHNOLOGIES GENERAL IP (SINGAPORE) PTE. LTD.

as Guarantors

and

THE INITIAL LENDERS NAMED HEREIN

as Initial Lenders

and

CITICORP INTERNATIONAL LIMITED

as Administrative Agent

and

BARCLAYS CAPITAL

as Syndication Agent

 

CITIGROUP GLOBAL MARKETS INC.

and

BARCLAYS CAPITAL

as Joint Lead Arrangers and Joint Bookrunners

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 
	ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	SECTION 1.01. Certain Defined Terms
	 	 	1	 
	SECTION 1.02. Computation of Time Periods
	 	 	20	 
	SECTION 1.03. Accounting Terms
	 	 	20	 
	 
	 	 	 	 
	ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT
	 	 	20	 
	SECTION 2.01. The Advances and Letters of Credit
	 	 	20	 
	SECTION 2.02. Making the Advances
	 	 	21	 
	SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of
Credit
	 	 	22	 
	SECTION 2.04. Fees
	 	 	24	 
	SECTION 2.05. Termination or Reduction of the Commitments
	 	 	24	 
	SECTION 2.06. Repayment of Advances and Letter of Credit Drawings
	 	 	25	 
	SECTION 2.07. Interest on Advances
	 	 	26	 
	SECTION 2.08. Interest Rate Determination
	 	 	26	 
	SECTION 2.09. Optional Conversion of Advances
	 	 	27	 
	SECTION 2.10. Prepayments of Advances
	 	 	28	 
	SECTION 2.11. Increased Costs
	 	 	28	 
	SECTION 2.12. Illegality
	 	 	29	 
	SECTION 2.13. Payments and Computations
	 	 	30	 
	SECTION 2.14. Taxes
	 	 	31	 
	SECTION 2.15. Sharing of Payments
	 	 	34	 
	SECTION 2.16. Evidence of Debt
	 	 	34	 
	SECTION 2.17. Use of Proceeds
	 	 	35	 
	SECTION 2.18. Increase in the Aggregate Revolving Credit Commitments
	 	 	35	 
	SECTION 2.19. Defaulting Lenders
	 	 	36	 

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(continued)

	 	 	 	 	 
	 	 	Page
	 
	ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING
	 	 	38	 
	SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01
	 	 	38	 
	SECTION 3.02. Conditions Precedent to Each Borrowing and Issuance
	 	 	40	 
	SECTION 3.03. Determinations Under Section 3.01
	 	 	40	 
	SECTION 3.04. Additional Conditions to Issuances
	 	 	40	 
	 
	 	 	 	 
	ARTICLE IV REPRESENTATIONS AND WARRANTIES
	 	 	41	 
	SECTION 4.01. Representations and Warranties of the Loan Parties
	 	 	41	 
	 
	 	 	 	 
	ARTICLE V COVENANTS OF THE LOAN PARTIES
	 	 	43	 
	SECTION 5.01. Affirmative Covenants
	 	 	43	 
	SECTION 5.02. Negative Covenants
	 	 	47	 
	SECTION 5.03. Financial Covenants
	 	 	50	 
	 
	 	 	 	 
	ARTICLE VI EVENTS OF DEFAULT
	 	 	51	 
	SECTION 6.01. Events of Default
	 	 	51	 
	SECTION 6.02. Actions in Respect of the Letters of Credit upon Default
	 	 	52	 
	 
	 	 	 	 
	ARTICLE VII GUARANTY
	 	 	53	 
	SECTION 7.01. Unconditional Guaranty
	 	 	53	 
	SECTION 7.02. Guaranty Absolute
	 	 	53	 
	SECTION 7.03. Waivers and Acknowledgments
	 	 	54	 
	SECTION 7.04. Subrogation
	 	 	55	 
	SECTION 7.05. Continuing Guaranty; Assignments
	 	 	56	 
	SECTION 7.06. Limitation of Guaranty
	 	 	56	 
	 
	 	 	 	 
	ARTICLE VIII THE AGENT
	 	 	56	 
	SECTION 8.01. Authorization and Authority
	 	 	56	 
	SECTION 8.02. Agent Individually
	 	 	56	 
	SECTION 8.03. Duties of Agent; Exculpatory Provisions
	 	 	57	 
	SECTION 8.04. Reliance by Agent
	 	 	58	 

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(continued)

	 	 	 	 	 
	 	 	Page
	 
	SECTION 8.05. Delegation of Duties
	 	 	59	 
	SECTION 8.06. Resignation of Agent
	 	 	59	 
	SECTION 8.07. Non-Reliance on Agent and Other Lenders
	 	 	60	 
	SECTION 8.08. Indemnification
	 	 	60	 
	SECTION 8.09. Other Agents
	 	 	62	 
	SECTION 8.10. Removal of Agent
	 	 	62	 
	SECTION 8.11. Force Majeure
	 	 	62	 
	 
	 	 	 	 
	ARTICLE IX MISCELLANEOUS
	 	 	62	 
	SECTION 9.01. Amendments
	 	 	62	 
	SECTION 9.02. Notices
	 	 	63	 
	SECTION 9.03. No Waiver; Remedies
	 	 	65	 
	SECTION 9.04. Costs and Expenses
	 	 	65	 
	SECTION 9.05. Right of Set-off
	 	 	66	 
	SECTION 9.06. Binding Effect
	 	 	67	 
	SECTION 9.07. Assignments and Participations
	 	 	67	 
	SECTION 9.08. Confidentiality
	 	 	70	 
	SECTION 9.09. Treatment of Information
	 	 	71	 
	SECTION 9.10. Governing Law
	 	 	72	 
	SECTION 9.11. Execution in Counterparts
	 	 	72	 
	SECTION 9.12. Judgment
	 	 	72	 
	SECTION 9.13. Jurisdiction
	 	 	73	 
	SECTION 9.14. No Liability of the Issuing Banks
	 	 	74	 
	SECTION 9.15. Patriot Act Notice; Know-Your Customer; Anti-Money Laundering
	 	 	74	 
	SECTION 9.16. Replacement of Lenders
	 	 	75	 

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(continued)

	 	 	 	 	 
	 	 	Page
	 
	SECTION 9.17. Waiver of Jury Trial
	 	 	75	 

iv

 

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	 	 	 	 	Page

Annexes

Annex A  — Agent’s Account

Schedules

Schedule I  — List of Applicable Lending Offices

Schedule 5.02(a) — Existing Liens

Schedule 5.02(d) — Existing Debt

Exhibits

Exhibit A  —  Form of Note

Exhibit B  —  Form of Notice of Borrowing

Exhibit C  —  Form of Assignment and Acceptance

Exhibit D  —  Form of Assumption Agreement

Exhibit E  —  Form of Increase Notice

Exhibit F  —  Form of Compliance Certificate

Exhibit G  —  Opinion of Counsel for the Loan Parties

i

 

FOUR-YEAR CREDIT AGREEMENT

Dated as of March 31, 2011

          AVAGO TECHNOLOGIES FINANCE PTE. LTD. (company registration number 200512223N), a company
incorporated under the Singapore Companies Act (the “Borrower”), AVAGO TECHNOLOGIES HOLDING
PTE. LTD. (company registration number 200512203H), a company incorporated under the Singapore
Companies Act (“Holdings”), AVAGO TECHNOLOGIES INTERNATIONAL SALES PTE. LIMITED (company
registration number 200512231E), a company incorporated under the Singapore Companies Act
(“International Sales”), AVAGO TECHNOLOGIES U.S. INC., a Delaware corporation (“U.S.
Inc.”), AVAGO TECHNOLOGIES GENERAL IP (SINGAPORE) PTE. LTD. (company registration number
200512430D), a company incorporated under the Singapore Companies Act (“General IP” and,
together with Holdings, International Sales and U.S. Inc., the “Guarantors”), the banks,
financial institutions and other institutional lenders (the “Initial Lenders”) and issuers
of letters of credit (“Initial Issuing Banks”) listed on Schedule I hereto, BARCLAYS
CAPITAL, the investment banking division of Barclays Bank PLC, as syndication agent, CITIGROUP
GLOBAL MARKETS INC. and BARCLAYS CAPITAL, as joint lead arrangers and joint bookrunners (each an
“Arranger” and collectively the “Arrangers”) and CITICORP INTERNATIONAL LIMITED
(“Citi International”), as administrative agent (the “Agent”) for the Lenders (as
hereinafter defined), agree as follows:

          PRELIMINARY STATEMENT.

          The Borrower is one of the borrowers under the Existing Credit Agreement (as hereinafter
defined) and the Lenders hereunder have agreed to extend certain revolving credit facilities to the
Borrower, in an aggregate principal amount not to exceed $200,000,000, the proceeds of which will
be used to repay in full all outstanding amounts under the Existing Credit Agreement, if any, and
following the Effective Date, for general corporate purposes (including permitted acquisitions,
investments and commercial paper backstop) of the Borrower and its Subsidiaries.

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

          SECTION 1.01. Certain Defined Terms. As used in this Agreement, the following terms
shall have the following meanings (such meanings to be equally applicable to both the singular and
plural forms of the terms defined):

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

     “Advance” means a Revolving Credit Advance.

     “Affiliate” means, as to any Person, any other Person that, directly or
indirectly, controls, is controlled by or is under common control with such Person or is a
director or officer of such Person. For purposes of this definition, the term “control”
(including the terms “controlling”, “controlled by” and “under common control with”) of a
Person means the possession, direct or indirect, of the power to direct or cause the
direction of the management and policies of such Person, whether through the ownership of
Voting Stock, by contract or otherwise.

 

 

Avago Credit Agreement

     “Agent’s Account” means (a) the account of the Agent set forth on Annex A
hereto and (b) such other account of the Agent as is designated in writing from time to time
by the Agent to the Borrower and the Lenders for such purpose.

     “Agreement” means this Credit Agreement.

     “Alternate Currency” means Yen, Euros or any other lawful currency as may be
agreed between the applicable Issuing Bank and the Borrower.

     “Applicable Lending Office” means, with respect to each Lender, such Lender’s
Base Rate Lending Office in the case of a Base Rate Advance and such Lender’s Eurocurrency
Lending Office in the case of a Eurocurrency Rate Advance.

     “Applicable Margin” means as of any date, a percentage per annum determined by
reference to the Public Debt Rating in effect on such date as set forth below:

	 	 	 	 	 	 	 	 	 
	Public Debt Rating	 	Applicable Margin for	 	Applicable Margin for
	S&P/Moody’s	 	Eurocurrency Rate Advances	 	Base Rate Advances
	Level 1

BBB or Baa2 or above
	 	 	1.75	%	 	 	0.75	%
	 
	 	 	 	 	 	 	 	 
	Level 2

BBB- or Baa3
	 	 	2.00	%	 	 	1.00	%
	 
	 	 	 	 	 	 	 	 
	Level 3

BB+ or Ba1
	 	 	2.25	%	 	 	1.25	%
	 
	 	 	 	 	 	 	 	 
	Level 4

BB or Ba2 or lower,
or no rating
available
	 	 	3.00	%	 	 	2.00	%

     “Applicable Percentage” means, as of any date a percentage per annum determined
by reference to the Public Debt Rating in effect on such date as set forth below:

	 	 	 	 	 
	Public Debt Rating	 	Applicable
	S&P/Moody’s	 	Percentage
	Level 1

BBB or Baa2 or above
	 	 	0.30	%
	 
	 	 	 	 
	Level 2

BBB- or Baa3
	 	 	0.35	%
	 
	 	 	 	 
	Level 3

BB+ or Ba1
	 	 	0.50	%
	 
	 	 	 	 
	Level 4

BB or Ba2 or lower, or
no rating available
	 	 	0.625	%

     “Approved Electronic Communications” means each Communication that any Person
is obligated to, or otherwise chooses to, provide to the Agent pursuant to any Loan Document
or the transactions contemplated therein, including any financial statement, financial and
other report, notice, request, certificate and other information material; provided,
however, that, solely with respect to delivery of any such Communication by any Person to
the Agent and without limiting or otherwise affecting either the Agent’s right to effect
delivery of such Communication by posting such Communication to the Approved Electronic
Platform or the protections afforded hereby to the Agent in connection with any such
posting, “Approved Electronic Communication”

2

 

Avago Credit Agreement

shall exclude (i) any notice of borrowing, letter of credit request, notice of
conversion or continuation, and any other notice, demand, communication, information,
document and other material relating to a request for a new, or a conversion of an existing,
Borrowing, (ii) any notice pursuant to Section 2.10(a) and Section 2.10(b) and any other
notice relating to the payment of any principal or other amount due under any Loan Document
prior to the scheduled date therefor, (iii) all notices of any Default or Event of Default
and (iv) any notice, demand, communication, information, document and other material
required to be delivered to satisfy any of the conditions set forth in Article III or any
other condition to any Borrowing or other extension of credit hereunder or any condition
precedent to the effectiveness of this Agreement.

     “Approved Electronic Platform” has the meaning specified in Section 9.02(d).

     “Arrangers” has the meaning specified in the preamble hereto.

     “Assignment and Acceptance” means an assignment and acceptance entered into by
a Lender and an Eligible Assignee, and accepted by the Agent, in substantially the form of
Exhibit C hereto.

     “Assuming Lender” has the meaning specified in Section 2.18(d).

     “Assumption Agreement” means an assumption agreement in substantially the form
of Exhibit D hereto.

     “Available Amount” of any Letter of Credit means, at any time, the maximum
amount available to be drawn under such Letter of Credit at such time (assuming compliance
at such time with all conditions to drawing).

     “Bankruptcy Law” means any law or proceeding of the type referred to in Section
6.01(e) or Title 11, U.S. Code, or any similar foreign, federal, state or provincial law for
the relief of debtors.

     “Base Rate” means a fluctuating interest rate per annum in effect from time to
time, which rate per annum shall at all times be equal to the highest of:

     (a) the rate of interest announced publicly by Citibank in New York, New York,
from time to time, as Citibank’s base rate;

     (b) 1/2 of one percent per annum above the Federal Funds Rate; and

     (c) the British Bankers Association Interest Settlement Rate applicable to
Dollars for a period of one month (“One Month LIBOR”) plus 1.00% (for the
avoidance of doubt, the One Month LIBOR for any day shall be based on the rate
appearing on Reuters LIBOR01 Page (or other commercially available source providing
such quotations as designated by the Agent from time to time) at approximately 11:00
a.m. London time on such day).

     “Base Rate Advance” means an Advance that bears interest as provided in Section
2.07(a)(i).

     “Base Rate Lending Office” means, with respect to any Lender, the office of
such Lender specified as its “Base Rate Lending Office” opposite its name on Schedule I
hereto or in the

3

 

Avago Credit Agreement

Assumption Agreement or the Assignment and Acceptance pursuant to which it became a
Lender, or such other office of such Lender as such Lender may from time to time specify to
the Borrower and the Agent.

     “Borrower” has the meaning specified in the preamble hereto.

     “Borrowing” means a borrowing consisting of simultaneous Revolving Credit
Advances of the same Type made by each of the Lenders pursuant to Section 2.01(a).

     “Borrowing Minimum” means $5,000,000.

     “Borrowing Multiple” means $1,000,000.

     “Business Day” means a day of the year on which banks are not required or
authorized by law to close in New York City, Singapore or Hong Kong and, if the applicable
Business Day relates to any Eurocurrency Rate Advances, on which dealings are carried on in
the London interbank market and banks are open for business in London and in the country of
issue of the currency of such Eurocurrency Rate Advance.

     “Cash Collateralize” means, in respect of an obligation, provide and pledge (as
a first priority perfected security interest) cash collateral in Dollars, at a location and
pursuant to documentation in form and substance satisfactory to the Agent and the Issuing
Bank (and “Cash Collateralization” has a corresponding meaning).

     “Change of Control” shall mean and be deemed to have occurred if (i) any Person
or two or more Persons acting in concert shall acquire beneficial ownership (within the
meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities
Exchange Act of 1934), directly or indirectly, of Voting Stock of Parent (or other
securities convertible into such Voting Stock) representing 50% or more of the combined
voting power of all Voting Stock of Parent; (ii) Parent shall cease to own and control all
of the Voting Stock of Holdings, (iii) Holdings shall cease to own and control all of the
Voting Stock of the Borrower or (iv) during any period of up to 12 consecutive months,
commencing on or after the date of this Agreement, individuals who at the beginning of such
period were directors of Parent shall cease for any reason (other than due to death or
disability) to constitute a majority of the board of directors of Parent (except to the
extent that such individuals were replaced by individuals (x) elected by a majority of the
remaining members of the board of directors of Parent or (y) nominated for election by a
majority of the remaining members of the board of directors of Parent and thereafter elected
as directors by the shareholders of Parent.

     “Citi International” has the meaning specified in the preamble hereto.

     “Citibank” means Citibank, N.A.

     “Commitment” means a Revolving Credit Commitment or a Letter of Credit
Commitment.

     “Commitment Date” has the meaning specified in Section 2.18(b).

     “Commitment Increase” has the meaning specified in Section 2.18(a).

4

 

Avago Credit Agreement

     “Communications” means each notice, demand, communication, information,
document and other material provided for hereunder or under any other Loan Document or
otherwise transmitted between the parties hereto relating this Agreement, the other Loan
Documents, any Loan Party or its Affiliates, or the transactions contemplated by this
Agreement or the other Loan Documents including, without limitation, all Approved Electronic
Communications.

     “Company Information” has the meaning specified in Section 9.08.

     “Compliance Certificate” means a certificate in the form of Exhibit F hereto.

     “Consolidated” refers to the consolidation of accounts in accordance with GAAP.

     “Consolidated Debt for Borrowed Money” of any Person means all items that, in
accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of
such Person, or as Guaranteed Debt of such Person of items of another person that, in
accordance with GAAP, would be classified as indebtedness on a Consolidated balance sheet of
such Person.

     “Consolidated Debt to EBITDA Ratio” means, on any date of determination, the
ratio of (i) Consolidated Debt for Borrowed Money of the Borrower and its Consolidated
Subsidiaries, as of such date, to (ii) Consolidated EBITDA of the Borrower and its
Consolidated Subsidiaries for the period of four fiscal quarters most recently ended.

     “Consolidated Interest Expense” means, for any period, for any Person, all
items that, in accordance with GAAP, would be classified as interest expense on a
Consolidated statement of income of such Person for such period.

     “Convert”, “Conversion” and “Converted” each refers to a
conversion of Revolving Credit Advances of one Type into Revolving Credit Advances of the
other Type pursuant to Section 2.08 or 2.09.

     “Debt” of any Person means, without duplication, (a) all indebtedness of such
Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of property or services (other than trade payables incurred in the ordinary course of
such Person’s business and monetary obligations arising under supply or consignment
agreements not overdue by more than 90 days or are being contested in good faith by
appropriate proceedings and for which reasonable reserves are being maintained), (c) all
obligations of such Person evidenced by notes, bonds, debentures or other similar
instruments (excluding undrawn amounts), (d) all obligations of such Person created or
arising under any conditional sale or other title retention agreement with respect to
property acquired by such Person (even though the rights and remedies of the seller or
lender under such agreement in the event of default are limited to repossession or sale of
such property), (e) all obligations of such Person as lessee under leases that have been or
should be, in accordance with GAAP as in effect on the date hereof, recorded as capital
leases, (f) all obligations, contingent or otherwise, of such Person in respect of
acceptances, letters of credit, bank guarantees, surety bonds or similar extensions of
credit, (g) all payments that such Person would have to make in the event of an early
termination on the date Indebtedness of such Person is being determined in respect of Hedge
Agreements of such Person, (h) all liability under any synthetic lease or tax ownership
operating lease, (i) all Debt of others referred to in clauses (a) through (h) above or
clause (j) below (collectively, “Guaranteed Debt”) guaranteed directly or indirectly
in any manner by such Person, or in effect guaranteed directly or indirectly by such Person
through an agreement (1) to pay or purchase such Guaranteed Debt or to advance or supply
funds for the payment or purchase of such Guaranteed Debt, (2) to purchase, sell or lease

5

 

Avago Credit Agreement

(as lessee or lessor) property, or to purchase or sell services, primarily for the
purpose of enabling the debtor to make payment of such Guaranteed Debt or to assure the
holder of such Guaranteed Debt against loss, (3) to supply funds to or in any other manner
invest in the debtor (including any agreement to pay for property or services irrespective
of whether such property is received or such services are rendered) or (4) otherwise to
assure a creditor against loss, and (j) all Debt referred to in clauses (a) through (i)
above (including Guaranteed Debt) secured by (or for which the holder of such Debt has an
existing right, contingent or otherwise, to be secured by) any Lien on property (including,
without limitation, accounts and contract rights) owned by such Person, even though such
Person has not assumed or become liable for the payment of such Debt.

     “Default” means any Event of Default or any event that would constitute an
Event of Default but for the requirement that notice be given or time elapse or both.

     “Default Interest” has the meaning specified in Section 2.07(b).

     “Defaulting Lender” means at any time, subject to Section 2.19(e), (i) any
Lender that has failed for two or more Business Days to comply with its obligations under
this Agreement to make an Advance, make a payment to any Issuing Bank in respect of a Letter
of Credit payment, or make any other payment due hereunder (each, a “funding obligation”),
unless such Lender has notified the Agent and the Borrower in writing that such failure is
the result of such Lender’s determination that one or more conditions precedent to funding
has not been satisfied (which conditions precedent, together with the applicable default, if
any, will be specifically identified in such writing), (ii) any Lender that has notified the
Agent, the Borrower or any Issuing Bank in writing, or has stated publicly, that it does not
intend to comply with its funding obligations hereunder, unless such writing or statement
states that such position is based on such Lender’s determination that one or more
conditions precedent to funding cannot be satisfied (which conditions precedent, together
with the applicable default, if any, will be specifically identified in such writing or
public statement), (iii) any Lender that has notified the Agent, the Borrower or any Issuing
Bank in writing, or has stated publicly, that it has defaulted on its funding obligations
under any other loan agreement or credit agreement or other financing agreement, unless such
writing or statement states that such position is based on such Lender’s determination that
one or more conditions precedent to funding cannot be satisfied (which conditions precedent,
together with the applicable default, if any, will be specifically identified in such
writing or public statement), (iv) any Lender that has, for three or more Business Days
after written request of the Agent or the Borrower, failed to confirm in writing to the
Agent and the Borrower that it will comply with its prospective funding obligations
hereunder (provided that such Lender will cease to be a Defaulting Lender pursuant to this
clause (iv) upon the Agent’s and the Borrower’s receipt of such written confirmation), or
(v) any Lender with respect to which a Lender Insolvency Event has occurred and is
continuing with respect to such Lender or its Parent Company (provided, in each case, that
neither the reallocation of funding obligations provided for in Section 2.19(b) as a result
of a Lender’s being a Defaulting Lender nor the performance by Non-Defaulting Lenders of
such reallocated funding obligations will by themselves cause the relevant Defaulting Lender
to become a Non-Defaulting Lender). Any determination by the Agent that a Lender is a
Defaulting Lender under any of clauses (i) through (v) above will be conclusive and binding
absent manifest error, and such Lender will be deemed to be a Defaulting Lender (subject to
Section 2.19(e)) upon notification of such determination by the Agent to the Borrower, the
Issuing Banks and the Lenders.

     “Dollar Equivalent” shall mean on any date of determination, (a) with respect
to any amount denominated in Dollars, such amount, and (b) with respect to any amount
denominated in

6

 

Avago Credit Agreement

any Alternate Currency, the equivalent in Dollars of such amount, determined by the
Agent using the applicable Exchange Rate.

     “Dollars” and the “$” sign each means lawful currency of the United
States of America.

     “EBITDA” means, for any period, net income (or net loss) plus the sum
(without duplication) of (a) interest expense, (b) income tax expense, (c) depreciation
expense, (d) amortization expense, (e) to the extent included in net income, non-cash
non-recurring charges (provided that if any non-cash charges referred to in this
clause (e) represent an accrual or reserve for potential cash items in any future period,
the cash payment in respect thereof in such future period shall be subtracted from EBITDA to
such extent, and excluding amortization of a prepaid cash item that was paid in a prior
period), (f) to the extent included in net income, non-cash, recurring charges related to
equity compensation, (g) any deductions attributable to minority interests, (h)
restructuring charges or reserves (including any one time costs incurred in connection with
acquisitions after the Effective Date and closures and/or consolidation of facilities) in an
amount not to exceed $8,000,000 for any fiscal year and (i) all other non-cash charges for
such period less to the extent included in net income, (j) non-cash gains and (k)
any net after-tax income from the early extinguishment of Debt or hedging obligations or
other derivative instruments; provided, that for purposes of calculating EBITDA for
the Borrower and its Subsidiaries for any period, the EBITDA of any Person (or assets or
division of such Person) acquired by the Borrower or any of its Subsidiaries during such
period shall be included on a pro forma basis for such period (assuming the consummation of
such acquisition occurred on the first day of such period).

     “Effective Date” has the meaning specified in Section 3.01.

     “Eligible Assignee” means (i) a Lender; (ii) an Affiliate of a Lender; (iii)
any other financial institution approved by the Agent, each Issuing Bank and, unless an
Event of Default under Section 6.01(a) or (e) has occurred and is continuing at the time any
assignment is effected in accordance with Section 9.07, the Borrower, such approvals not to
be unreasonably withheld or delayed; and (iv) any other Person approved by the Agent, each
Issuing Bank and the Borrower, such approvals not to be unreasonably withheld or delayed, it
being acknowledged and agreed by the Borrower that the Borrower shall be deemed to have
consented to any such assignment under clauses (iii) or (iv) unless it shall object thereto
by written notice to the Agent within 5 Business Days after having received notice thereof;
provided, however, that none of the Borrower, any Affiliate of the Borrower
or a natural person shall qualify as an Eligible Assignee.

     “Environmental Action” means (a) any notice of non-compliance or violation,
notice of liability or potential liability, proceeding, consent order or consent agreement
by any governmental or regulatory authority with jurisdiction or (b) any litigation, case,
suit, demand, demand letter or claim by any governmental or regulatory authority or any
third party relating in any way to any Environmental Law, Environmental Permit or Hazardous
Materials, including, without limitation, (x) by any governmental or regulatory authority
for enforcement, cleanup, removal, response, remedial or other actions or damages and (y) by
any governmental or regulatory authority or any such third party for damages, contribution,
indemnification, cost recovery, compensation or injunctive relief.

     “Environmental Law” means any federal, state, local or foreign statute, law,
ordinance, rule, regulation, code, order, judgment, decree or judicial or agency
interpretation, policy or guidance relating to pollution or protection of the environment,
natural resources or human health and safety, including, without limitation, those relating
to the use, handling, transportation,

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Avago Credit Agreement

treatment, storage, disposal, release or discharge of Hazardous Materials, to the
extent applicable to the Borrower or any of its Subsidiaries or any of their operations.

     “ERISA” means the Employee Retirement Income Security Act of 1974, as amended
from time to time, and the applicable regulations thereunder.

     “ERISA Affiliate” means any Person that for purposes of Title IV of ERISA is a
member of Holdings’ controlled group, or under common control with Holdings, within the
meaning of Section 414 of the Internal Revenue Code.

     “ERISA Event” means (a) (i) the occurrence of a reportable event, within the
meaning of Section 4043 of ERISA, with respect to any Plan unless the 30-day notice
requirement with respect to such event has been waived under the applicable regulation, or
(ii) the requirements of subsection (1) of Section 4043(b) of ERISA (without regard to
subsection (2) of such Section) are met with respect to a contributing sponsor, as defined
in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9), (10),
(11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect
to such Plan within the following 30 days; (b) the application for a minimum funding waiver
with respect to a Plan; (c) the provision by the administrator of any Plan of a notice of
intent to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any such
notice with respect to a plan amendment referred to in Section 4041(e) of ERISA); (d) the
cessation of operations at a facility of Holdings or any ERISA Affiliate in the
circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by Holdings or any
ERISA Affiliate from a Multiple Employer Plan during a plan year for which it was a
substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions for the
imposition of a lien under Section 303(k) of ERISA shall have been met with respect to any
Plan; (g) any Multiemployer Plan is insolvent or in reorganization; (h) any Plan has an
accumulated or waived funding deficiency; (i) any of Holdings, the Borrower, any Subsidiary
or any ERISA Affiliate has incurred any liability under Title IV of ERISA (other than
premiums due to the PBGC) to or on account of a Plan or Multiemployer Plan or (g) the
institution by the PBGC of proceedings to terminate a Plan pursuant to Section 4042 of
ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that
constitutes grounds for the termination of, or the appointment of a trustee to administer, a
Plan.

     “Euro” and the sign “€” each mean the lawful money of the member states
of the European Union.

     “Eurocurrency Lending Office” means, with respect to any Lender, the office of
such Lender specified as its “Eurocurrency Lending Office” opposite its name on Schedule I
hereto or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it
became a Lender (or, if no such office is specified, its Base Rate Lending Office), or such
other office of such Lender as such Lender may from time to time specify to the Borrower and
the Agent.

     “Eurocurrency Liabilities” has the meaning assigned to that term in Regulation
D of the Board of Governors of the Federal Reserve System, as in effect from time to time.

     “Eurocurrency Rate” means, for any Interest Period for each Eurocurrency Rate
Advance comprising part of the same Borrowing, an interest rate per annum equal to the rate
per annum obtained by dividing (a) the rate per annum (rounded upward to the nearest whole
multiple of 1/100 of 1% per annum) appearing on Reuters LIBOR01 Page (or any successor page)
as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M.
(London time) two Business Days prior to the first day of such Interest Period for a term
comparable to such

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Avago Credit Agreement

Interest Period or, if for any reason such rate is not available, the average (rounded
upward to the nearest whole multiple of 1/100 of 1% per annum, if such average is not such a
multiple) of the rate per annum at which deposits in Dollars is offered by the principal
office of each of the Reference Banks in London, England to prime banks in the London
interbank market at 11:00 A.M. (London time) two Business Days before the first day of such
Interest Period in an amount substantially equal to such Reference Bank’s Eurocurrency Rate
Advance comprising part of such Borrowing to be outstanding during such Interest Period and
for a period equal to such Interest Period by (b) a percentage equal to 100% minus the
Eurocurrency Rate Reserve Percentage for such Interest Period. If the Reuters LIBOR01 Page
(or any successor page) is unavailable, the Eurocurrency Rate for any Interest Period for
each Eurocurrency Rate Advance comprising part of the same Borrowing shall be determined by
the Agent on the basis of applicable rates furnished to and received by the Agent from the
Reference Banks two Business Days before the first day of such Interest Period,
subject, however, to the provisions of Section 2.08.

     “Eurocurrency Rate Advance” means a Revolving Credit Advance that bears
interest as provided in Section 2.07(a)(ii).

     “Eurocurrency Rate Reserve Percentage” for any Interest Period for all
Eurocurrency Rate Advances comprising part of the same Borrowing means the reserve
percentage applicable two Business Days before the first day of such Interest Period under
regulations issued from time to time by the Board of Governors of the Federal Reserve System
(or any successor) for determining the maximum reserve requirement (including, without
limitation, any emergency, supplemental or other marginal reserve requirement) for a member
bank of the Federal Reserve System in New York City with respect to liabilities or assets
consisting of or including Eurocurrency Liabilities (or with respect to any other category
of liabilities that includes deposits by reference to which the interest rate on
Eurocurrency Rate Advances is determined) having a term equal to such Interest Period.

     “Events of Default” has the meaning specified in Section 6.01.

     “Exchange Rate” shall mean on any day with respect to any Foreign Currency, the
rate at which such Foreign Currency may be exchanged into Dollars, as set forth at
approximately 11:00 a.m. (Hong Kong time) as of three Business Days prior to the date such
determination is made on the Reuters Page “AFX =”; provided that, in the event that
such rate does not appear on any Reuters World Currency Page, the Exchange Rate shall be
determined by reference to such other publicly available service for displaying exchange
rates as may be agreed upon by the Agent and the Borrower, or, in the absence of such
agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates of
exchange of the Agent in the market where its foreign currency exchange operations in
respect of such Foreign Currency are then being conducted, at or about 11:00 a.m. (Hong Kong
time) on such date for the purchase of Dollars for delivery two Business Days later.

     “Excluded Taxes” shall mean, with respect to any Lender or the Agent: (a) (i)
taxes imposed on its overall net income (including branch profits taxes), and franchise
taxes imposed on it in lieu of net income taxes, by the jurisdiction (or any political
subdivision thereof) under the laws of which such Lender or the Agent (as the case may be)
is organized or in which its principal office is located or, in the case of any Lender, in
which its Applicable Lending Office is located, and (ii) any taxes imposed on it as a result
of any current or former connection between such Lender or the Agent (as the case may be)
and the jurisdiction of the governmental authority imposing such tax or any political
subdivision or taxing authority thereof or therein (other than

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Avago Credit Agreement

any such connection arising
from such Lender or the Agent having executed, delivered or
performed its obligations or received a payment under, received or perfected a security
interest under, or engaged in any other transaction pursuant to, or having been a party to
or having enforced, sold or assigned an interest in, this Agreement or any other Loan
Document); (b) any backup withholding tax that is required by the Internal Revenue Code to
be withheld from amounts payable to a Lender that has failed to comply with Section
2.14(e)(ii); (c) in the case of a Non-U.S. Lender, (i) any U.S. federal withholding tax that
is imposed on amounts payable to such Non-U.S. Lender under the laws in effect at the time
such Non-U.S. Lender becomes a party to this Agreement (or, in the case of a participant
that would qualify as a Non-U.S. Lender if it were a Lender, on the date such participant
became a participant hereunder), provided that this clause (c)(i) shall not apply to the
extent that (x) the indemnity payments or additional amounts any Lender (or participant)
would be entitled to receive (without regard to this clause (c)(i)) do not exceed the
indemnity payment or additional amounts that the person making the assignment, participation
or transfer to such Lender (or participant) would have been entitled to receive in the
absence of such assignment, participation or transfer or (y) any Tax is imposed on a Lender
in connection with an interest or participation in any Note or other obligation that such
Lender acquired pursuant to Section 9.16 of this Agreement (it being understood and agreed,
for the avoidance of doubt, that any withholding tax imposed on a Non-U.S. Lender as a
result of a change in law occurring after the time such Non-U.S. Lender became a party to
this Agreement (or designates a new lending office) shall not be an Excluded Tax) or (ii)
any Tax to the extent attributable to such Non-U.S. Lender’s failure to comply with Section
2.14(e)(iii); and (d) any Taxes imposed on such recipient by reason of FATCA.

     “Existing Credit Agreement” means that certain Credit Agreement, dated as of
December 1, 2005 (as amended, supplemented or otherwise modified from time to time) among
the Borrower, Holdings, Avago Technologies Finance S.à.r.l., Avago Technologies (Malaysia)
Sdn. Bhd. (f/k/a Jumbo Portfolio Sdn. Bhd.), Avago Technologies Wireless (U.S.A.)
Manufacturing Inc., U.S. Inc., the lenders party thereto, Citi International, as Asian
administrative agent and Citicorp North America, Inc., as tranche B term loan administrative
agent and collateral agent.

     “Existing Debt” has the meaning specified in Section 5.02(d)(ii).

     “Facility” means the Revolving Credit Facility or the Letter of Credit
Facility.

     “FATCA” means Sections 1471 though 1474 of the Internal Revenue Code, as in
effect on the date hereof, including any amendments made thereto after the date of this
Agreement, and any current or future regulations or official interpretations thereof.

     “Federal Funds Rate” means, for any period, a fluctuating interest rate per
annum equal for each day during such period to the weighted average of the rates on
overnight Federal funds transactions with members of the Federal Reserve System arranged by
Federal funds brokers, as published for such day (or, if such day is not a Business Day, for
the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate
is not so published for any day that is a Business Day, the average of the quotations for
such day on such transactions received by the Agent from three Federal funds brokers of
recognized standing selected by it.

     “Foreign Currencies” shall mean any currency other than U.S. Dollars.

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Avago Credit Agreement

     “Foreign Plan” shall mean any employee benefit plan, program, policy,
arrangement or agreement maintained or contributed to by the Borrower or any of its
Subsidiaries with respect to employees employed outside the United States.

     “GAAP” has the meaning specified in Section 1.03.

     “General IP” has the meaning specified in the preamble hereto.

     “Guaranteed Debt” has the meaning specified in the definition of “Debt”.

     “Guarantors” has the meaning specified in the preamble hereto.

     “Guaranty” means the guaranty of each Guarantor set forth in Article VII.

     “Hazardous Materials” means (a) petroleum and petroleum products, byproducts or
breakdown products, radioactive materials, asbestos-containing materials, polychlorinated
biphenyls and radon gas and (b) any other chemicals, materials or substances designated,
classified or regulated as “hazardous” or “toxic” or as a “pollutant” or “contaminant” or
words of similar meaning or effect under any Environmental Law.

     “Hedge Agreements” means interest rate swap, cap or collar agreements, interest
rate future or option contracts, currency swap agreements, currency future or option
contracts, commodity price protection agreements or other commodity price hedging
agreements, and other similar agreements.

     “Historical Financial Statements” means the Consolidated balance sheet of the
Borrower and its Subsidiaries as at October 31, 2010, and the related Consolidated
statements of income and cash flows of the Borrower and its Subsidiaries for the fiscal year
then ended, accompanied by an opinion of Pricewaterhouse Coopers, LLP independent certified
public accountants.

     “Holdings” has the meaning specified in the preamble hereto.

     “Immaterial Subsidiary” means, at any time, any Subsidiary of the Borrower
(other than a Loan Party) having (a) Consolidated assets with a value of less than 5% of the
total value of the Consolidated assets of the Borrower and its Subsidiaries, taken as a
whole; provided that the Consolidated assets of all Immaterial Subsidiaries shall
not exceed 10% of the total value of the Consolidated assets of the Borrower and its
Subsidiaries, taken as a whole, and (b) Consolidated revenues of less than 5% of the
Consolidated revenues of the Borrower and its Subsidiaries, taken as a whole;
provided that the Consolidated revenues of all Immaterial Subsidiaries shall not
exceed 10% of the Consolidated revenues of the Borrower and its Subsidiaries, taken as a
whole, in each case, as of the most recent fiscal quarter end for which financial statements
of the Borrower are delivered pursuant to Section 5.01(j) hereof.

     “Increase Date” has the meaning specified in Section 2.18(a).

     “Increase Notice” means a notice in substantially the form of Exhibit E hereto.

     “Increasing Lender” has the meaning specified in Section 2.18(b).

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Avago Credit Agreement

     “Indemnified Taxes” means all Taxes (other than Excluded Taxes) and Other
Taxes. For the avoidance of doubt, Indemnified Taxes include Taxes imposed under Sections 45
and 45A of the Income Tax Act (Chapter 134) of Singapore.

     “Information Memorandum” means the information memorandum dated January 26,
2011 used in connection with the syndication of the Commitments.

     “Initial GAAP” has the meaning specified in Section 1.03.

     “Initial Issuing Bank” has the meaning specified in the preamble hereto.

     “Interest Period” means, for each Eurocurrency Rate Advance comprising part of
the same Borrowing, the period commencing on the date of such Eurocurrency Rate Advance or
the date of the Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and
ending on the last day of the period selected by the Borrower requesting such Borrowing
pursuant to the provisions below and, thereafter, each subsequent period commencing on the
last day of the immediately preceding Interest Period and ending on the last day of the
period selected by the Borrower pursuant to the provisions below. The duration of each such
Interest Period shall be one, two, three or six months, and subject to clause (c) of this
definition, nine or twelve months, as the Borrower may, upon notice received by the Agent
not later than 10:00 A.M. (Hong Kong time) on the third Business Day prior to the first day
of such Interest Period, select; provided, however, that:

     (a) the Borrower may not select any Interest Period with respect to any
Eurocurrency Rate Borrowing that ends after the Termination Date;

     (b) Interest Periods commencing on the same date for Eurocurrency Rate Advances
comprising part of the same Borrowing shall be of the same duration;

     (c) the Borrower shall not be entitled to select an Interest Period having a
duration of nine or twelve months unless, by 2:00 P.M. (Hong Kong time) on the third
Business Day prior to the first day of such Interest Period, each Lender notifies
the Agent that such Lender will be providing funding for such Borrowing with such
Interest Period (the failure of any Lender to so respond by such time being deemed
for all purposes of this Agreement as an objection by such Lender to the requested
duration of such Interest Period); provided that, if any or all of the Lenders
object to the requested duration of such Interest Period, the duration of the
Interest Period for such Borrowing shall be one, two, three or six months, as
specified by the Borrower requesting such Borrowing in the applicable Notice of
Borrowing as the desired alternative to an Interest Period of nine or twelve months;

     (d) whenever the last day of any Interest Period would otherwise occur on a day
other than a Business Day, the last day of such Interest Period shall be extended to
occur on the next succeeding Business Day, provided, however, that,
if such extension would cause the last day of such Interest Period of one, two,
three, six, nine or twelve months to occur in the next following calendar month, the
last day of such Interest Period shall occur on the next preceding Business Day;

     (e) whenever the first day of any Interest Period of one, two, three, six, nine
or twelve months occurs on a day of an initial calendar month for which there is no
numerically corresponding day in the calendar month that succeeds such initial
calendar

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Avago Credit Agreement

month by the number of months equal to the number of months in such
Interest Period, such Interest Period shall end on the last Business Day of such
succeeding calendar month; and

     (f) whenever the first day of any Interest Period of one, two, three, six, nine
or twelve months occurs on the last Business Day of a calendar month, such Interest
Period shall end on the last Business Day of the calendar month that succeeds such
initial
calendar month by the number of months equal to the number of months in such
Interest Period.

     “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended
from time to time, and the regulations promulgated and rulings issued thereunder.

     “International Sales” has the meaning specified in the preamble hereto.

     “Issuance” with respect to any Letter of Credit means the issuance, amendment,
renewal or extension of such Letter of Credit.

     “Issuing Bank” means an Initial Issuing Bank or any other Lender that expressly
agrees to perform in accordance with their terms all of the obligations that by the terms of
this Agreement are required to be performed by it as an Issuing Bank.

     “KKR” means each of Kolhberg Kravis Roberts & Co., L.P. and KKR Associates,
L.P. and their Affiliates, collectively.

     “L/C Cash Deposit Account” means an interest bearing cash deposit account to be
established and maintained by the Agent, over which the Agent shall have sole dominion and
control, upon terms as may be satisfactory to the Agent and the Issuing Banks.

     “L/C Exposure” means as to any Lender, at any time, such Lender’s participation
in, and obligation to reimburse the applicable Issuing Bank for drawings made under, each
Letter of Credit outstanding at such time pursuant to Section 2.03(b).

     “L/C Related Documents” has the meaning specified in Section 2.06(b)(i).

     “Lender Insolvency Event” means that (i) a Lender or its Parent Company is
insolvent, or is generally unable to pay its debts as they become due, or admits in writing
its inability to pay its debts as they become due, or makes a general assignment for the
benefit of its creditors, or (ii) such Lender or its Parent Company is the subject of a
bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver,
trustee, conservator, intervenor or sequestrator or the like has been appointed for such
Lender or its Parent Company, or such Lender or its Parent Company has taken any action in
furtherance of or indicating its consent to or acquiescence in any such proceeding or
appointment; provided, that a Lender Insolvency Event shall not result solely by
virtue of any ownership interest, or the acquisition of any ownership interest, in such
Lender or its Parent Company by a governmental authority or instrumentality thereof, so long
as such ownership interest does not (i) result in or provide such Lender or its Parent
Company with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender or its
Parent Company (or such governmental authority or instrumentality) to reject, repudiate,
disavow or disaffirm any contracts or agreements made by such Person and (ii) prohibit such
Lender from performing its obligations under this Agreement.

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Avago Credit Agreement

     “Lenders” means each Initial Lender, each Issuing Bank, each Assuming Lender
that shall become a party hereto pursuant to Section 2.18 and each Person that shall become
a party hereto pursuant to Section 9.07.

     “Letter of Credit” has the meaning specified in Section 2.01(b).

     “Letter of Credit Agreement” has the meaning specified in Section 2.03(a).

     “Letter of Credit Commitment” means as to any Lender (a) the Dollar amount set
forth opposite such Lender’s name on Schedule I hereto as such Lender’s “Letter of Credit
Commitment” or (b) if such Lender has entered into an Assignment and Acceptance, the Dollar
amount set forth for such Lender in the Register maintained by the Agent pursuant to Section
9.07(d) as such Lender’s “Letter of Credit Commitment”, as such amount may be reduced
pursuant to Section 2.05.

     “Letter of Credit Facility” means, at any time, an amount equal to the lesser
of (a) $40,000,000 and (b) the aggregate amount of the Revolving Credit Commitments.

     “Lien” means any lien, security interest or other charge or encumbrance of any
kind, or any other type of preferential arrangement, including, without limitation, the lien
or retained security title of a conditional vendor and any easement, right of way or other
encumbrance on title to real property.

     “Loan Documents” means this Agreement, the Notes and each Letter of Credit.

     “Loan Parties” means, collectively, the Borrower and each Guarantor.

     “Material Adverse Change” means any material adverse change in the business,
financial condition or operations of Holdings and its Subsidiaries taken as a whole.

     “Material Adverse Effect” means a material adverse effect on (a) the business,
financial condition or operations of Holdings, the Borrower and their Subsidiaries taken as
a whole, (b) the rights and remedies available to the Lenders under this Agreement or any
Note or (c) the ability of the Borrower to perform its obligations under this Agreement or
any other Loan Document.

     “Moody’s” means Moody’s Investors Service, Inc.

     “Multiemployer Plan” means a multiemployer plan, as defined in Section
4001(a)(3) of ERISA, to which Holdings or any ERISA Affiliate is making or accruing an
obligation to make contributions, or has within any of the preceding five plan years made or
accrued an obligation to make contributions.

     “Multiple Employer Plan” means a single employer plan, as defined in Section
4001(a)(15) of ERISA, that (a) is maintained for employees of Holdings or any ERISA
Affiliate and at least one Person other than Holdings and the ERISA Affiliates or (b) was so
maintained and in respect of which Holdings or any ERISA Affiliate could have liability
under Section 4064 or 4069 of ERISA in the event such plan has been or were to be
terminated.

     “Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting
Lender nor a Potential Defaulting Lender.

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Avago Credit Agreement

     “Non-U.S. Lender” means any Lender that is not a “United States person” within
the meaning of Section 7701(a)(30) of the Internal Revenue Code.

     “Non-U.S. Loan Party” means each Loan Party that is not organized under the
laws of the United States of America or any state thereof or the District of Columbia.

     “Note” means a promissory note of the Borrower payable to the order of a
Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of
Exhibit A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender
resulting from the Advances made by such Lender.

     “Notice of Issuance” has the meaning specified in Section 2.03(a).

     “Notice of Borrowing” has the meaning specified in Section 2.02(a).

     “Obligations” has the meaning specified in Section 7.01.

     “Other Taxes” has the meaning specified in Section 2.14(b).

     “Participant Register” has the meaning specified in Section 9.07(e).

     “Parent” means Avago Technologies Limited, a company incorporated under the
Singapore Companies Act.

     “Parent Company” means, with respect to a Lender, the bank holding company (as
defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person
owning, beneficially or of record, directly or indirectly, a majority of the shares of such
Lender.

     “Patriot Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56,
signed into law October 26, 2001.

     “PBGC” means the Pension Benefit Guaranty Corporation (or any successor).

     “Permitted Liens” means: (a) Liens for taxes, assessments and governmental
charges or levies to the extent not required to be paid under Section 5.01(b) hereof; (b)
Liens imposed by law (and ordinary course of business contractual Liens in respect of such
Liens), such as materialmen’s, mechanics’, carriers’, workmen’s, repairmen’s and landlord’s
Liens and other similar Liens arising in the ordinary course of business securing
obligations that are not overdue for a period of more than 90 days or are being contested in
good faith by appropriate proceedings and for which adequate reserves are being maintained
in accordance with GAAP; (c) pledges or deposits to directly or indirectly secure
obligations under workers’ compensation laws, unemployment insurance laws or similar
legislation or to directly or indirectly secure public or statutory obligations, including
obligations to governmental entities in respect of value added taxes, duties, customs,
excise taxes, franchises, licenses, rents and the like, or surety, customs or appeal bonds;
(d) good faith deposits (or security for obligations in lieu of good faith deposits) to
directly or indirectly secure bids, tenders, contracts or leases for a purpose other than
borrowing money or obtaining credit, including rent or equipment lease security deposits,
(e) easements, rights of way and other encumbrances on title to real property that do not
render title to the property encumbered thereby unmarketable or materially adversely affect
the use of such property for its present purposes, (f) contractual rights of setoff against
(which may include grants

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Avago Credit Agreement

of Liens) or contractual Liens on, accounts or other property in
transit to or in the possession of or maintained by the lienor, in the absence of any
agreement to maintain a balance or deliver property against which such right may be
exercised, and contractual rights of set-off against claims against the lienor, (g) Liens
pursuant to supply or consignment contracts or otherwise for the receipt of goods or
services, encumbering only the goods covered thereby, where the contracts are not overdue by
more than 90 days or are being contested in good faith by appropriate
proceedings and for which adequate reserves are being maintained in accordance with
GAAP, (h) Liens arising from judgments or decrees in circumstances not constituting an Event
of Default under Section 6.01(f), (i) ground leases in respect of real property on which
facilities owned or leased by the Borrower or any of its Subsidiaries are located that do
not render title to the property encumbered thereby unmarketable or materially adversely
affect the use of such property for its present purposes, (j) liens of a lessor or sublessor
with respect to property under an operating lease and any restriction or encumbrance to
which the interest or title of such lessor or sublessor may be subject that do not render
title to the property encumbered thereby unmarketable or materially adversely affect the use
of such property for its present purposes, and (k) so long as such liens do not secure Debt,
liens arising under standard custodial, bailee or depositary arrangements (including deposit
accounts with banks or other financial institutions).

     “Permitted Sale Leaseback” mean any Sale Leaseback consummated by the Borrower
or any Subsidiary after the Effective Date, provided that any such Sale Leaseback not
between a Borrower and any Guarantor or any Guarantor and another Guarantor is consummated
for fair value as determined at the time of consummation in good faith by the Borrower or
such Subsidiary and, in the case of any Sale Leaseback (or series of related Sale
Leasebacks) the aggregate proceeds of which exceed $20,000,000, the board of directors of
the Borrower or such Subsidiary (which such determination may take into account any retained
interest or other investment of the Borrower or such Subsidiary in connection with, and any
other material economic terms of, such Sale Leaseback).

     “Person” means an individual, partnership, corporation (including a business
trust), joint stock company, trust, unincorporated association, joint venture, limited
liability company or other entity, or a government or any political subdivision or agency
thereof.

     “Plan” means a Single Employer Plan or a Multiple Employer Plan.

     “Potential Defaulting Lender” means, at any time, (i) any Lender with respect
to which an event of the kind referred to in the definition of “Lender Insolvency Event” has
occurred and is continuing in respect of any financial institution affiliate of such Lender,
(ii) any Lender that has notified, or whose Parent Company or a financial institution
affiliate thereof has notified, the Agent, the Borrower or the Issuing Banks in writing, or
has stated publicly, that such Parent Company or financial institution affiliate of such
Lender does not intend to comply with its funding obligations under any other loan agreement
or credit agreement or other financing agreement, unless such writing or statement states
that such position is based on such Parent Company or financial institution affiliate of
such Lender’s determination that one or more conditions precedent to funding cannot be
satisfied (which conditions precedent, together with the applicable default, if any, will be
specifically identified in such writing or public statement), or (iii) any Lender that has,
or whose Parent Company has, a non-investment grade rating from Moody’s or S&P or another
nationally recognized rating agency. Any determination by the Agent that a Lender is a
Potential Defaulting Lender under any of clauses (i) through (iii) above will be conclusive
and binding absent manifest error, and such Lender will be deemed a Potential Defaulting
Lender (subject to Section 2.19(e)) upon notification of such determination by the Agent to
the Borrower, the Issuing Banks and the Lenders.

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Avago Credit Agreement

     “Proposed Increased Commitment” has the meaning specified in Section 2.18(b).

     “Public Debt Rating” means, as of any date, the rating that has been most
recently announced by either S&P or Moody’s, as the case may be, for any class of non-credit
enhanced long-term senior unsecured debt issued by the Borrower or, if no such Debt of the
Borrower is
then outstanding, the corporate credit rating most recently announced by either S&P or
Moody’s, as the case may be, provided, if any such rating agency shall have issued more than
one such rating, the lowest such rating issued by such rating agency. For purposes of the
foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the
Applicable Margin and the Applicable Percentage shall be determined by reference to the
available rating; (b) if neither S&P nor Moody’s shall have in effect a Public Debt Rating,
the Applicable Margin and the Applicable Percentage will be set in accordance with Level 4
under the definition of “Applicable Margin” or “Applicable Percentage”, as
the case may be; (c) if the ratings established by S&P and Moody’s shall fall within
different levels, the Applicable Margin and the Applicable Percentage shall be based upon
the higher rating unless such ratings differ by two or more levels, in which case the
applicable level will be deemed to be one level above the lower of such levels; (d) if any
rating established by S&P or Moody’s shall be changed, such change shall be effective as of
the date on which such change is first announced publicly by the rating agency making such
change; and (e) if S&P or Moody’s shall change the basis on which ratings are established,
each reference to the Public Debt Rating announced by S&P or Moody’s, as the case may be,
shall refer to the then equivalent rating by S&P or Moody’s, as the case may be.

     “Ratable Share” of any amount means, with respect to any Lender at any time,
the product of such amount times a fraction the numerator of which is the amount of
such Lender’s Revolving Credit Commitment at such time (or, if the Revolving Credit
Commitments shall have been terminated pursuant to Section 2.05 or 6.01, such Lender’s
Revolving Credit Commitment as in effect immediately prior to such termination) and the
denominator of which is the aggregate amount of all Revolving Credit Commitments at such
time (or, if the Revolving Credit Commitments shall have been terminated pursuant to Section
2.05 or 6.01, the aggregate amount of all Revolving Credit Commitments as in effect
immediately prior to such termination).

     “Real Estate” means land, buildings and improvements owned or leased by any
Loan Party, but excluding all operating fixtures and equipment, whether or not incorporated
into improvements.

     “Reference Banks” means Citibank, Barclays Bank PLC, Deutsche Bank AG New York
Branch and DBS Bank Ltd.

     “Register” has the meaning specified in Section 9.07(d).

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

     “Required Lenders” means at any time Lenders owed more than 50.0% of the then
aggregate unpaid principal amount of the Revolving Credit Advances, or, if no such principal
amount is then outstanding, Lenders having more than 50.0% of the Revolving Credit
Commitments, provided that if any Lender shall be a Defaulting Lender at such time,
there shall be excluded from the determination of Required Lenders at such time the
Revolving Credit Commitment of such Lender at such time.

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Avago Credit Agreement

     “Restricting Information” has the meaning specified in Section 9.09.

     “Revolving Credit Advance” means an advance by a Lender to the Borrower as part
of a Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance (each of
which shall be a “Type” of Revolving Credit Advance).

     “Revolving Credit Commitment” means as to any Lender (a) the Dollar amount set
forth opposite such Lender’s name on Schedule I hereto as such Lender’s “Revolving Credit
Commitment”, (b) if such Lender has become a Lender hereunder pursuant to an Assumption
Agreement, the Dollar amount set forth in such Assumption Agreement or (c) if such Lender
has entered into an Assignment and Acceptance, the Dollar amount set forth for such Lender
in the Register maintained by the Agent pursuant to Section 9.07(d) as such Lender’s
“Revolving Credit Commitment”, as such amount may be reduced pursuant to Section 2.05 or
increased pursuant to Section 2.18.

     “Revolving Credit Facility” means, at any time, the aggregate amount of the
Lenders’ Revolving Credit Commitments at such time.

     “S&P” means Standard & Poor’s Financial Services LLC.

     “Sale Leaseback” means any transaction or series of related transactions
pursuant to which the Borrower or any Subsidiary (a) sells, transfers or otherwise disposes
of any property, real or personal, whether now owned or hereafter acquired, and (b) as part
of such transaction, thereafter rents or leases such property or other property that it
intends to use for substantially the same purpose or purposes as the property being sold,
transferred or disposed.

     “SEC” means the Securities and Exchange Commission.

     “Silver Lake” means Silver Lake Partners and its Affiliates, collectively.

     “Single Employer Plan” means a single employer plan, as defined in Section
4001(a)(15) of ERISA, that (a) is maintained for employees of Holdings or any ERISA
Affiliate and no Person other than Holdings and the ERISA Affiliates or (b) was so
maintained and in respect of which Holdings or any ERISA Affiliate could have liability
under Section 4069 of ERISA in the event such plan has been or were to be terminated.

     “Solvent” shall mean, with respect to the Borrower, that as of the Effective
Date, both (i) (a) the sum of the Borrower’s debt (including contingent liabilities) does
not exceed the present fair saleable value of the Borrower’s present assets; (b) the
Borrower’s capital is not unreasonably small in relation to its business as contemplated on
the Effective Date; and (c) the Borrower has not incurred and does not intend to incur, or
believe that it will incur, debts including current obligations beyond its ability to pay
such debts as they become due (whether at maturity or otherwise); and (ii) the Borrower is
“solvent” within the meaning given that term and similar terms under applicable laws
relating to fraudulent transfers and conveyances. For purposes of this definition, the
amount of any contingent liability at any time shall be computed as the amount that, in
light of all of the facts and circumstances existing at such time, represents the amount
that can reasonably be expected to become an actual or matured liability (irrespective of
whether such contingent liabilities meet the criteria for accrual under Statement of
Financial Accounting Standard No. 5).

     “Sponsors” means KKR, Silver Lake, and their respective Affiliates,
collectively.

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Avago Credit Agreement

     “Stock” shall mean shares of capital stock or shares in the capital, as the
case my be (whether denominated as common stock or preferred stock or ordinary shares or
preferred shares, as the case may be), beneficial, partnership or membership interests,
participations or other equivalents (regardless of how designated) of or in a corporation,
partnership, limited liability company or equivalent entity, whether voting or non-voting.

     “Stock Equivalents” shall mean all securities convertible into or exchangeable
for Stock and all warrants, options or other rights to purchase or subscribe for any Stock,
whether or not presently convertible, exchangeable or exercisable.

     “Subsidiary” of any Person means any corporation, partnership, joint venture,
limited liability company, trust or estate of which (or in which) more than 50% of (a) the
issued and outstanding capital stock having ordinary voting power to elect a majority of the
board of directors of such corporation (irrespective of whether at the time capital stock of
any other class or classes of such corporation shall or might have voting power upon the
occurrence of any contingency), (b) the interest in the capital or profits of such limited
liability company, partnership or joint venture or (c) the beneficial interest in such trust
or estate is at the time directly or indirectly owned or controlled by such Person, by such
Person and one or more of its other Subsidiaries or by one or more of such Person’s other
Subsidiaries.

     “Subsidiary Guarantor” means each Guarantor that is a Subsidiary of the
Borrower.

     “Taxes” shall mean any and all present or future taxes, duties, levies,
imposts, assessments, deductions, withholdings or other similar charges imposed by any
governmental authority whether computed on a separate, consolidated, unitary, combined or
other basis and any and all liabilities (including interest, fines, penalties or additions
to tax) with respect to the foregoing.

     “Termination Date” means the earlier of (i) March 31, 2015; provided, however,
that if such date is not a Business Day, the Termination Date shall be the next preceding
Business Day and (ii) the date of termination in whole of the Revolving Credit Commitments
pursuant to Section 2.05 or 6.01.

     “Type” has the meaning specified in the definition of “Revolving Credit
Advance.”

     “Unissued Letter of Credit Commitment” means, with respect to any Issuing Bank,
the obligation of such Issuing Bank to issue Letters of Credit for the account of the
Borrower or its specified Subsidiaries in an amount equal to the excess of (a) the amount of
its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of
Credit issued by such Issuing Bank.

     “Unused Revolving Credit Commitment” means, with respect to each Lender at any
time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i)
the aggregate principal amount of all Revolving Credit Advances made by such Lender (in its
capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of
(A) the aggregate Available Amount of all the Letters of Credit outstanding at such time and
(B) the aggregate principal amount of all Advances outstanding at such time made by each
Issuing Bank pursuant to Section 2.03(c) that have not been funded by such Lender.

     “U.S. Inc.” has the meaning specified in the preamble hereto.

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Avago Credit Agreement

     “U.S. Loan Party” means each Loan Party other than a Non-U.S. Loan Party.

     “Voting Stock” means capital stock issued by a corporation, or equivalent
interests in any other Person, the holders of which are ordinarily, in the absence of
contingencies, entitled to vote for the election of directors (or persons performing similar
functions) of such Person, even if the right to so vote has been suspended by the happening
of such a contingency.

          “Yen” and the sign “¥” each mean the lawful money of Japan.

          SECTION 1.02. Computation of Time Periods. In this Agreement in the computation of
periods of time from a specified date to a later specified date, the word “from” means “from and
including” and the words “to” and “until” each mean “to but excluding”.

          SECTION 1.03. Accounting Terms. All accounting terms not specifically defined herein
shall be construed in accordance with United States generally accepted accounting principles as in
effect in the United States from time to time (“GAAP”), provided that (a) if there
is any change in GAAP from such principles applied in the preparation of the audited financial
statements referred to in Section 4.01(j) (“Initial GAAP”), that is material in respect of
the calculation of compliance with the covenants set forth in Section 5.02 or 5.03, the Borrower
shall give prompt notice of such change to the Agent and the Lenders and (b) if the Borrower
notifies the Agent that the Borrower requests an amendment of any provision hereof to eliminate the
effect of any change in GAAP (or the application thereof) from Initial GAAP (or if the Agent or the
Required Lenders request an amendment of any provision hereof for such purpose), regardless of
whether such notice is given before or after such change in GAAP (or the application thereof), then
such provision shall be applied on the basis of such generally accepted accounting principles as in
effect and applied immediately before such change shall have become effective until such notice
shall have been withdrawn or such provision is amended in accordance herewith.

          Unless otherwise provided, dollar ($) baskets set forth in the representations and warranties,
covenants and events of default provisions of this Agreement (and other similar baskets (it being
understood that this sentence does not apply to Article II of this Agreement)) are calculated as of
each date of measurement by the Dollar Equivalents thereof as of such date of measurement;
provided that if any such baskets are exceeded solely as a result of fluctuations in
applicable currency exchange rates after the last time such baskets were accessed, such baskets
will not be deemed to have been exceeded solely as a result of such fluctuations in currency
exchange rates.

ARTICLE II

AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT

          SECTION 2.01. The Advances and Letters of Credit. (a) The Revolving Credit
Advances. Each Lender severally agrees, on the terms and conditions hereinafter set forth, to
make Revolving Credit Advances to the Borrower from time to time on any Business Day during the
period from the Effective Date until the Termination Date in an amount not to exceed such Lender’s
Unused Revolving Credit Commitment. Each Borrowing shall be in an amount not less than the
Borrowing Minimum or a Borrowing Multiple in excess thereof and shall consist of Revolving Credit
Advances of the same Type made on the same day by the Lenders ratably according to their respective
Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, the
Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.10 and reborrow under
this Section 2.01(a).

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Avago Credit Agreement

          (b) Letters of Credit. The Borrower may request any Issuing Bank to issue, and such
Issuing Bank may, if in its reasonable discretion it elects to do so, on the terms and conditions
hereinafter set forth and in reliance upon the agreements of the other Lenders set forth in this
Agreement, to issue standby letters of credit (each, a “Letter of Credit”) denominated in
Dollars or any Alternate Currency for the account of the Borrower or its specified Subsidiaries
from time to time on any Business Day during the period from the Effective Date until 10 days
before the Termination Date with the Dollar Equivalent of the aggregate Available Amount (i) for
all Letters of Credit not to exceed at any time the Letter of
Credit Facility at such time, (ii) for all Letters of Credit issued by such Issuing Bank not
to exceed at any time the Letter of Credit Commitment of such Issuing Bank and (iii) for each such
Letter of Credit not to exceed an amount equal to the Unused Revolving Credit Commitments of the
Lenders at such time. No Letter of Credit shall have an expiration date (including all rights of
the Borrower or the beneficiary to require renewal) later than the earlier of (x) one year after
the Issuance thereof (or one year after its renewal or extension) or such longer period as may be
agreed by the applicable Issuing Bank and (y) five Business Days before the Termination Date.
Within the limits referred to above, the Borrower may from time to time request the Issuance of
Letters of Credit under this Section 2.01(b).

          SECTION 2.02. Making the Advances. (a) Each Borrowing shall be made on notice,
given not later than (x) 12:00 Noon (Hong Kong time) on the third Business Day prior to the date of
the proposed Borrowing in the case of a Borrowing consisting of Eurocurrency Rate Advances or (y)
12:00 Noon (Hong Kong time) on the Business Day prior to the date of the proposed Borrowing in the
case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Agent which shall give
to each Lender prompt notice thereof by facsimile. Each such notice of a Borrowing (a “Notice
of Borrowing”) shall be by telephone, confirmed immediately in writing, or facsimile in
substantially the form of Exhibit B hereto, specifying therein the requested (i) date of such
Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such
Borrowing and (iv) in the case of a Borrowing consisting of Eurocurrency Rate Advances, initial
Interest Period. Each Lender shall, before 12:00 Noon (Hong Kong time) on the date of such
Borrowing, make available for the account of its Applicable Lending Office to the Agent at the
Agent’s Account, in same day funds, such Lender’s ratable portion of such Borrowing. After the
Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in
Article III, the Agent will make such funds available to the Borrower at the account specified in
the wiring instructions in the applicable Notice of Borrowing or, if no account is so specified, at
the Agent’s address referred to in Section 9.02.

          (b) Anything in subsection (a) above to the contrary notwithstanding, the Borrower may not
select Eurocurrency Rate Advances for any Borrowing if the aggregate amount of such Borrowing is
less than the Borrowing Minimum or if the obligation of the Lenders to make Eurocurrency Rate
Advances shall then be suspended pursuant to Section 2.08 or 2.12.

          (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower. In the case of
any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurocurrency
Rate Advances, the Borrower shall indemnify each Lender against any loss, cost or expense incurred
by such Lender as a result of any failure to fulfill on or before the date specified in such Notice
of Borrowing for such Borrowing the applicable conditions set forth in Article III, including,
without limitation, any loss (excluding any loss of Applicable Margin on the relevant Eurocurrency
Rate Advance), cost or expense reasonably incurred by reason of the liquidation or reemployment of
deposits or other funds acquired by such Lender to fund the Advance to be made by such Lender as
part of such Borrowing when such Advance, as a result of such failure, is not made on such date.

          (d) Unless the Agent shall have received notice from a Lender prior to the time of any
Borrowing that such Lender will not make available to the Agent such Lender’s ratable portion of
such Borrowing, the Agent may assume that such Lender has made such portion available to the Agent
on

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Avago Credit Agreement

the date of such Borrowing in accordance with subsection (a) of this Section 2.02, and the Agent
may, in reliance upon such assumption, make available to the Borrower on such date a corresponding
amount. If and to the extent that such Lender shall not have so made such ratable portion
available to the Agent, such Lender and the Borrower severally agree to repay to the Agent
forthwith on demand such corresponding amount together with interest thereon, for each day from the
date such amount is made available to the Borrower until the date such amount is repaid to the
Agent, at (i) in the case of the Borrower, the higher of (A) the interest rate applicable at the
time to the Advances comprising such Borrowing and (B) the cost
of funds incurred by the Agent in respect of such amount and (ii) in the case of such Lender,
the Federal Funds Rate. If such Lender shall repay to the Agent such corresponding amount, such
amount so repaid shall constitute such Lender’s Advance as part of such Borrowing for purposes of
this Agreement.

          (e) The failure of any Lender to make the Advance to be made by it as part of any Borrowing
shall not relieve any other Lender of its obligation, if any, hereunder to make its Advance on the
date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to
make the Advance to be made by such other Lender on the date of any Borrowing. The rights of each
Lender under or in connection with the Loan Documents are separate and independent rights and any
Debt arising under the Loan Documents to a Lender from a Loan Party shall be a separate and
independent Debt.

          SECTION 2.03. Issuance of and Drawings and Reimbursement Under Letters of Credit.
(a) Request for Issuance. (i) Each Letter of Credit shall be issued upon notice, given
not later than 12:00 Noon (Hong Kong time) on the fifth Business Day prior to the date of the
proposed Issuance of such Letter of Credit (or on such shorter notice as the applicable Issuing
Bank may agree), by the Borrower to any Issuing Bank (with a copy to the Agent). Each such notice
by the Borrower requesting the Issuance of a Letter of Credit (a “Notice of Issuance”)
shall be by facsimile, specifying therein the requested (A) date of such Issuance (which shall be a
Business Day), (B) Available Amount and currency of such Letter of Credit, (C) expiration date of
such Letter of Credit (which shall not be later than the earlier of (1) one year after the Issuance
thereof (or one year after its renewal or extension) unless otherwise agreed upon by the Agent and
the applicable Issuing Bank and (2) five Business Days before the Termination Date), (D) name and
address of the beneficiary of such Letter of Credit and (E) form of such Letter of Credit. Such
Letter of Credit shall be issued pursuant to such application and agreement for letter of credit as
such Issuing Bank and the Borrower shall agree for use in connection with such requested Letter of
Credit (a “Letter of Credit Agreement”). If the requested form of such Letter of Credit is
acceptable to such Issuing Bank in its reasonable discretion (it being understood that any such
form shall have only explicit documentary conditions to draw and shall not include discretionary
conditions), such Issuing Bank will, upon fulfillment of the applicable conditions set forth in
Section 3.02, make such Letter of Credit available to the Borrower at its office referred to in
Section 9.02 or as otherwise agreed with the Borrower in connection with such Issuance. In the
event and to the extent that the provisions of any Letter of Credit Agreement shall conflict with
this Agreement, the provisions of this Agreement shall govern.

          (b) Participations. By the Issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing or decreasing the amount thereof) and without any further action on the
part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender,
and each Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit
equal to such Lender’s Ratable Share of the Available Amount of such Letter of Credit. The
Borrower hereby agrees to each such participation. In consideration and in furtherance of the
foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Agent in Dollars,
for the account of such Issuing Bank, in same day funds, the Dollar Equivalent of such Lender’s
Ratable Share of each drawing made under a Letter of Credit funded by such Issuing Bank and not
reimbursed by the Borrower on the date made, or of any reimbursement payment required to be
refunded to the Borrower for any reason, which amount will be advanced, and deemed to be a
Revolving Credit Advance to the Borrower hereunder, regardless of the

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Avago Credit Agreement

satisfaction of the
conditions set forth in Section 3.02. Each Lender acknowledges and agrees that its obligation to
acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including any amendment,
renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or
reduction or termination of the Revolving Credit Commitments, and that each such payment shall be
made without any offset, abatement, withholding or reduction whatsoever. Each Lender further
acknowledges and agrees that its participation in each Letter of Credit will be automatically
adjusted to reflect such Lender’s Ratable Share of the Available Amount of such Letter of Credit at
each time such Lender’s Revolving
Credit Commitment is amended pursuant to a Commitment Increase pursuant to Section 2.18, an
assignment in accordance with Section 9.07 or otherwise pursuant to this Agreement.

          (c) Drawing and Reimbursement. The payment by an Issuing Bank of a draft drawn under
any Letter of Credit which is not reimbursed by the Borrower prior to 10:00 A.M. (Hong Kong time)
on the date made shall constitute for all purposes of this Agreement the making by any such Issuing
Bank of a Revolving Credit Advance, which shall be a Base Rate Advance, in the amount of the Dollar
Equivalent of such draft, without regard to whether the making of such an Advance would exceed such
Issuing Bank’s Unused Revolving Credit Commitment. Each Issuing Bank shall give prompt notice of
each drawing under any Letter of Credit issued by it to the Borrower and the Agent. Upon written
demand by such Issuing Bank, with a copy of such demand to the Agent and the Borrower, each Lender
shall pay to the Agent in Dollars such Lender’s Ratable Share of such outstanding Revolving Credit
Advance pursuant to Section 2.03(b). Each Lender acknowledges and agrees that its obligation to
make Revolving Credit Advances pursuant to this paragraph in respect of Letters of Credit is
absolute and unconditional and shall not be affected by any circumstance whatsoever, including any
amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a
Default or reduction or termination of the Revolving Credit Commitments, and that each such payment
shall be made without any offset, abatement, withholding or reduction whatsoever. Promptly after
receipt thereof, the Agent shall transfer such funds to such Issuing Bank. Each Lender agrees to
fund its Ratable Share of an outstanding Revolving Credit Advance on (i) the Business Day on which
demand therefor is made by such Issuing Bank, provided that notice of such demand is given not
later than 11:00 A.M. (Hong Kong time) on such Business Day, or (ii) the first Business Day next
succeeding such demand if notice of such demand is given after such time. If and to the extent
that any Lender shall not have so made the amount of such Revolving Credit Advance available to the
Agent, such Lender agrees to pay to the Agent forthwith on demand such amount together with
interest thereon, for each day from the date of demand by any such Issuing Bank until the date such
amount is paid to the Agent, at the Federal Funds Rate for its account or the account of such
Issuing Bank, as applicable. If such Lender shall pay to the Agent such amount for the account of
any such Issuing Bank on any Business Day, such amount so paid in respect of principal shall
constitute a Revolving Credit Advance made by such Lender on such Business Day for purposes of this
Agreement, and the outstanding principal amount of the Revolving Credit Advance made by such
Issuing Bank shall be reduced by such amount on such Business Day.

          (d) Letter of Credit Reports. Each Issuing Bank shall furnish (A) to the Agent (with
a copy to the Borrower) on the first Business Day of each month a written report summarizing
Issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding
month and drawings during such month under all Letters of Credit and (B) to the Agent (with a copy
to the Borrower) on the first Business Day of each calendar quarter a written report setting forth
the Dollar Equivalent of the average daily aggregate Available Amount during the preceding calendar
quarter of all Letters of Credit issued by such Issuing Bank.

          (e) Failure to Make Advances. The failure of any Lender to make the Advance to be
made by it on the date specified in Section 2.03(c) shall not relieve any other Lender of its
obligation

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Avago Credit Agreement

hereunder to make its Advance on such date, but no Lender shall be responsible for the
failure of any other Lender to make the Advance to be made by such other Lender on such date.

          SECTION 2.04. Fees. (a) Commitment Fee. The Borrower agrees to pay to the
Agent for the account of each Lender a commitment fee on such Lender’s Unused Revolving Credit
Commitment from the date hereof in the case of each Initial Lender and from the effective date
specified in the Assumption Agreement or in the Assignment and Acceptance pursuant to which it
became a Lender in the case of each other Lender until the Termination Date at a rate per annum
equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the
last day of each March, June,
September and December, commencing March 31, 2011, and on the later of the Termination Date
and the date all Advances are paid in full; provided that no Defaulting Lender shall be
entitled to receive any commitment fee in respect of its Unused Revolving Credit Commitment for any
period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to
pay such fee that otherwise would have been required to have been paid to that Defaulting Lender).

          (b) Letter of Credit Fees. (i) The Borrower shall pay to the Agent for the account
of each Lender a commission on such Lender’s Ratable Share of the average daily aggregate Available
Amount of all Letters of Credit issued for the account of the Borrower and outstanding from time to
time at a rate per annum equal to the Applicable Margin for Eurocurrency Rate Advances in effect
from time to time during such calendar quarter, payable in arrears quarterly on the last day of
each March, June, September and December, commencing March 31, 2011 and on the Termination Date;
provided, that no Defaulting Lender shall be entitled to receive any commission in respect
of Letters of Credit for any period during which that Lender is a Defaulting Lender (and the
Borrower shall not be required to pay such commission to that Defaulting Lender but shall pay such
commission as set forth in Section 2.19); provided, further, that the Applicable
Margin shall be 2% above the Applicable Margin in effect upon the occurrence and during the
continuation of an Event of Default if the Borrower is required to pay Default Interest pursuant to
Section 2.07(b).

     (ii) The Borrower shall pay to the Agent for the account of each Issuing Bank, a
fronting fee equal to 0.15% per annum, times the average daily Available Amount of each
Letter of Credit issued by such Issuing Bank, payable in arrears quarterly on the last day
of each March, June, September and December, commencing March 31, 2011.

     (iii) The Borrower shall pay to each Issuing Bank, for its own account, such other
commissions, issuance fees, transfer fees and other fees and charges in connection with the
Issuance or administration of each Letter of Credit as the Borrower and such Issuing Bank
shall agree.

          (c) Agent’s Fees. The Borrower shall pay to the Agent for its own account such fees
as may from time to time be agreed between the Borrower and the Agent.

          SECTION 2.05. Termination or Reduction of the Commitments. (a) Optional Ratable
Termination or Reduction. The Borrower shall have the right, upon at least three Business
Days’ notice to the Agent (or such shorter period as may be agreed to by the Agent), to terminate
in whole or permanently reduce ratably in part the Unused Revolving Credit Commitments or the
Unissued Letter of Credit Commitments, provided that each partial reduction of a Facility
(i) shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess
thereof and (ii) shall be made ratably among the Lenders in accordance with their Commitments.

          (b) Termination of Defaulting Lender. The Borrower may terminate the Unused Revolving
Credit Commitment of any Lender that is a Defaulting Lender (determined after giving effect

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Avago Credit Agreement

to any
reallocation of participations in Letters of Credit as provided in Section 2.19) upon prior notice
of not less than one Business Day to the Agent (which shall promptly notify the Lenders thereof),
and in such event the provisions of Section 2.19(b)(iii) shall apply to all amounts thereafter paid
by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account
of principal, interest, facility fees, Letter of Credit commissions or other amounts),
provided that such termination shall not be deemed to be a waiver or release of any claim
the Borrower, the Agent, any Issuing Bank or any Lender may have against such Defaulting Lender.

          SECTION 2.06. Repayment of Advances and Letter of Credit Drawings. (a)
Revolving Credit Advances. The Borrower shall repay to the Agent for the ratable account
of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit
Advances made to it and then outstanding.

          (b) Letter of Credit Drawings. The obligations of the Borrower under any Letter of
Credit Agreement and any other agreement or instrument relating to any Letter of Credit issued for
the account of the Borrower shall be unconditional and irrevocable, and shall be paid strictly in
accordance with the terms of this Agreement, such Letter of Credit Agreement and such other
agreement or instrument under all circumstances, including, without limitation, the following
circumstances (it being understood that any such payment by the Borrower is without prejudice to,
and does not constitute a waiver of, any rights the Borrower might have or might acquire as a
result of the payment by any Issuing Bank of any draft or the reimbursement by the Borrower
thereof, including as provided in Section 9.14):

     (i) any lack of validity or enforceability of this Agreement, any Note, any Letter of
Credit Agreement, any Letter of Credit or any other agreement or instrument relating thereto
(all of the foregoing being, collectively, the “L/C Related Documents”);

     (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 Borrower in respect of any L/C Related Document 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 Borrower may
have at any time against any beneficiary or any transferee of a Letter of Credit (or any
Persons for which any such beneficiary or any such transferee may be acting), any Issuing
Bank, the Agent, any Lender or any other Person, whether in connection with the transactions
contemplated by the L/C Related Documents or any unrelated transaction;

     (iv) any statement or any other document presented under a 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;

     (v) payment by any Issuing Bank under a Letter of Credit against presentation of a
draft or certificate that does not strictly comply with the terms of such Letter of Credit;

     (vi) any exchange, release or non-perfection of any collateral, or any release or
amendment or waiver of or consent to departure from any guarantee, for all or any of the
obligations of the Borrower in respect of the L/C Related Documents; or

     (vii) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including, without limitation, any other circumstance that might otherwise
constitute a defense available to, or a discharge of, the Borrower or a guarantor.

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Avago Credit Agreement

The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct
on the part of an Issuing Bank, such Issuing Bank shall be deemed to have exercised reasonable care
in each such determination. In furtherance of the foregoing and without limiting the generality
thereof, the parties agree that, with respect to documents presented which appear on their face to
be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole
discretion, either accept and make payment upon such documents without responsibility for further
investigation, regardless of
any notice or information to the contrary, or refuse to accept and make payment upon such documents
if such documents are not in strict compliance with the terms of such Letter of Credit.

          SECTION 2.07. Interest on Advances. (a) Scheduled Interest. The Borrower
shall pay interest on the unpaid principal amount of each Advance made to it and owing to each
Lender from the date of such Advance until such principal amount shall be paid in full, at the
following rates per annum:

     (i) Base Rate Advances. During such periods as such Revolving Credit Advance
is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate
in effect from time to time plus (y) the Applicable Margin in effect from time to time,
payable in arrears quarterly on the last day of each March, June, September and December
during such periods and on the date such Base Rate Advance shall be Converted or paid in
full.

     (ii) Eurocurrency Rate Advances. During such periods as such Revolving Credit
Advance is a Eurocurrency Rate Advance, a rate per annum equal at all times during each
Interest Period for such Eurocurrency Rate Advance to the sum of (x) the Eurocurrency Rate
for such Interest Period for such Eurocurrency Rate Advance plus (y) the Applicable Margin
in effect from time to time, payable in arrears on the last day of such Interest Period and,
if such Interest Period has a duration of more than three months, on each day that occurs
during such Interest Period every three months from the first day of such Interest Period
and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

          (b) Default Interest. Upon the occurrence and during the continuance of an Event of
Default under Section 6.01(a) or (e), the Borrower shall pay interest (“Default Interest”)
on (i) the unpaid principal amount of each Advance owing to each Lender, payable in arrears on the
dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2%
per annum above the rate per annum required to be paid on such Advance pursuant to clause (a)(i) or
(a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or
other amount payable hereunder that is not paid when due, from the date such amount shall be due
until such amount shall be paid in full, payable in arrears on the date such amount shall be paid
in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per
annum required to be paid on Base Rate Advances pursuant to clause (a)(i) above; provided,
however, that following acceleration of the Advances pursuant to Section 6.01, Default
Interest shall accrue and be payable hereunder whether or not previously required by the Agent.

          SECTION 2.08. Interest Rate Determination. (a) Each Reference Bank agrees, if
requested by the Agent, to furnish to the Agent timely information for the purpose of determining
each Eurocurrency Rate. If any one or more of the Reference Banks shall not furnish such timely
information to the Agent for the purpose of determining any such interest rate, the Agent shall
determine such interest rate on the basis of timely information furnished by the remaining
Reference Banks. The Agent shall give prompt notice to the Borrower and the Lenders of the
applicable interest rate determined by the Agent for purposes of Section 2.07(a)(i) or (ii), and
the rate, if any, furnished by each Reference Bank for the purpose of determining the interest rate
under Section 2.07(a)(ii).

          (b) If, with respect to any Eurocurrency Rate Borrowing, the Lenders owed more than 50.0% of
the aggregate principal amount thereof notify the Agent that (i) they are unable to obtain

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Avago Credit Agreement

matching
deposits in the London inter-bank market at or about 11:00 A.M. (London time) on the second
Business Day before the making of a Borrowing in sufficient amounts to fund their respective
Eurocurrency Rate Advances as a part of such Borrowing during its Interest Period or (ii) the
Eurocurrency Rate for any Interest Period for such Advances will not adequately reflect the cost to
such Lenders of making, funding or maintaining their respective Eurocurrency Rate Advances for such
Interest Period, the Agent shall forthwith so notify the Borrower and the Lenders, whereupon (A)
the Borrower of
such Eurocurrency Rate Advances will, on the last day of the then existing Interest Period
therefor, either (1) prepay such Advances or (2) Convert such Advances into Base Rate Advances and
(B) the obligation of the Lenders to make, or to Convert Revolving Credit Advances into,
Eurocurrency Rate Advances shall be suspended until the Agent shall notify the Borrower and the
Lenders that the circumstances causing such suspension no longer exist.

          (c) If the Borrower shall fail to select the duration of any Interest Period for any
Eurocurrency Rate Advances in accordance with the provisions contained in the definition of
“Interest Period” in Section 1.01, the Agent will forthwith so notify the Borrower and the Lenders
and such Advances will automatically, on the last day of the then existing Interest Period therefor
Convert into Base Rate Advances.

          (d) On the date on which the aggregate unpaid principal amount of Eurocurrency Rate Advances
comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the
Borrowing Minimum, such Advances shall automatically Convert into Base Rate Advances.

          (e) Upon the occurrence and during the continuance of any Event of Default, (i) each
Eurocurrency Rate Advance will automatically, on the last day of the then existing Interest Period
therefor, be Converted into Base Rate Advances and (ii) the obligation of the Lenders to make, or
to Convert Advances into, Eurocurrency Rate Advances shall be suspended.

          (f) If Reuters LIBOR01 Page is unavailable and fewer than two Reference Banks furnish timely
information to the Agent for determining the Eurocurrency Rate for any Eurocurrency Rate Advances
after the Agent has requested such information,

     (i) the Agent shall forthwith notify the Borrower and the Lenders that the interest
rate cannot be determined for such Eurocurrency Rate Advances,

     (ii) each such Advance will automatically, on the last day of the then existing
Interest Period therefor Convert into a Base Rate Advance, and

     (iii) the obligation of the Lenders to make Eurocurrency Rate Advances or to Convert
Advances comprising a Borrowing into Eurocurrency Rate Advances shall be suspended until the
Agent shall notify the Borrower and the Lenders that the circumstances causing such
suspension no longer exist.

          SECTION 2.09. Optional Conversion of Advances. The Borrower may on any Business Day,
upon notice given to the Agent not later than 12:00 Noon (Hong Kong time) on the third Business Day
prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and
2.12, Convert all or any portion of the Advances made as a part of a Borrowing of one Type
comprising the same Borrowing into Advances of the other Type; provided, however, that any
Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day
of an Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate Advances
into Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in
Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made
ratably among the

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Avago Credit Agreement

Lenders in accordance with their Commitments. Each such notice of a Conversion
shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the
Advances to be Converted, and (iii) if such Conversion is into Eurocurrency Rate Advances, the
duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be
irrevocable and binding on the Borrower.

          SECTION 2.10. Prepayments of Advances. Optional. (a) The Borrower may,
upon irrevocable notice not later than 10:00 A.M. (Hong Kong time) three Business Days prior to the
date of such prepayment (or such shorter period as may be agreed to by the Agent), which notice
shall be by telephone, confirmed immediately in writing, or facsimile, to the Agent stating the
proposed date and aggregate principal amount of the prepayment, and if such notice is given the
Borrower shall, prepay the outstanding principal amount of the Advances comprising part of the same
Borrowing in whole or ratably in part, together with accrued interest to the date of such
prepayment on the principal amount prepaid; provided, however, that (i) each
partial prepayment of Revolving Credit Advances shall be in an aggregate principal amount of not
less than the Borrowing Minimum or an Borrowing Multiple in excess thereof and (ii) in the event of
any such prepayment of a Eurocurrency Rate Advance, the Borrower shall be obligated to reimburse
the Lenders in respect thereof pursuant to Section 9.04(c).

          (b) Mandatory. (i) If, on any date, the Agent notifies the Borrower that, on any
interest payment date, the sum of (A) the aggregate principal amount of all Revolving Credit
Advances plus (B) the Dollar Equivalent (determined on the third Business Day prior to such
interest payment date) of the aggregate Available Amount of all Letters of Credit then outstanding
exceeds 103% of the aggregate Revolving Credit Commitments on such date, the Borrower shall, as
soon as practicable and in any event within two Business Days after receipt of such notice, prepay
the outstanding principal amount of any Advances owing by the Borrower in an aggregate amount
sufficient to reduce such sum to an amount not to exceed 100% of the aggregate Revolving Credit
Commitments of the Lenders on such date. If any such excess remains after repayment in full of the
aggregate outstanding Advances, the Borrower shall provide cash collateral in the manner set forth
in Section 6.02 in an amount equal to 105% of such excess.

          (ii) If on any date, the Agent notifies the Borrower that, on any interest payment date, the
Dollar Equivalent (determined on the third Business Day prior to such interest payment date) of the
aggregate Available Amount of all Letters of Credit then outstanding exceeds 103% of the aggregate
Letter of Credit Commitments on such date, the Borrower shall, as soon as practicable and in any
event within two Business Days after receipt of such notice, provide cash collateral in the manner
set forth in Section 6.02 in an amount equal to 105% of such excess.

          (iii) Each prepayment made pursuant to this Section 2.10(b) shall be made together with any
interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case
of any prepayment of a Eurocurrency Rate Advance on a date other than the last day of an Interest
Period or at its maturity, any additional amounts which the Borrower shall be obligated to
reimburse to the Lenders in respect thereof pursuant to Section 9.04(c).

          (iv) The Agent shall calculate on the date of each Notice of Borrowing or Notice of Issuance
and on each interest payment date the sum of (A) the aggregate principal amount of all Revolving
Credit Advances plus (B) the Dollar Equivalent of the aggregate Available Amount of all Letters of
Credit then outstanding and shall give prompt notice (and in any event no later than thirty days)
of any prepayment required under this Section 2.10(b) to the Borrower and the Lenders.

          SECTION 2.11. Increased Costs. (a) If, due to either (i) the introduction or phase
in of or any change in or in the interpretation of any law, rule, guideline, decision, directive,
treaty or regulation or (ii) the compliance with any guideline or request from any central bank or
other

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Avago Credit Agreement

governmental authority including, without limitation, any agency of the European Union or
similar monetary or multinational authority (whether or not having the force of law), there shall
be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining
Eurocurrency Rate Advances or of agreeing to issue or of issuing or maintaining or participating in
Letters of Credit (excluding for purposes of this Section 2.11 any such increased costs resulting
from (i) Indemnified Taxes
or Other Taxes (as to which Section 2.14 shall govern) and (ii) the imposition of, or any
change in the basis or rate of, any Excluded Tax (A) described in paragraphs (a)(i), (b), (c) or
(d) of the definition of Excluded Taxes or (B) described in paragraph (a)(ii) of the definition of
Excluded Taxes to the extent such Tax is imposed on gross or net income, profits or revenue
(including value-added or similar taxes), that is payable by such Lender), then the Borrower shall
from time to time, promptly upon receipt of a written request by such Lender (with a copy of such
request to the Agent), pay to the Agent for the account of such Lender additional amounts
sufficient to compensate such Lender for such increased cost; provided, however,
that before making any such demand, each Lender agrees to use reasonable efforts (consistent with
its internal policy and legal and regulatory restrictions) to designate a different Applicable
Lending Office if the making of such designation would avoid the need for, or reduce the amount of,
such increased cost and would not, in the reasonable judgment of such Lender, be otherwise
disadvantageous to such Lender. A certificate as to the amount of such increased cost, submitted
to the Borrower and the Agent by such Lender, shall be conclusive and binding for all purposes,
absent manifest error.

          (b) If any Lender determines that compliance with any law or regulation or any guideline or
request from any central bank or other governmental authority (whether or not having the force of
law) affects or would affect the amount of capital required or expected to be maintained by such
Lender or any corporation controlling such Lender and that the amount of such capital is increased
by or based upon the existence of such Lender’s commitment to lend or to issue or participate in
Letters of Credit hereunder and other commitments of such type or the Issuance or maintenance of or
participation in the Letters of Credit (or similar contingent obligations), then, promptly upon
receipt of a written request by such Lender (with a copy of such request to the Agent), the
Borrower shall pay to the Agent for the account of such Lender, from time to time as specified by
such Lender, additional amounts sufficient to compensate such Lender or such corporation in the
light of such circumstances, to the extent that such Lender reasonably determines such increase in
capital to be allocable to the existence of such Lender’s commitment to lend or to issue or
participate in Letters of Credit hereunder or to the Issuance or maintenance of or participation in
any Letters of Credit. A certificate as to such amounts submitted to the Borrower and the Agent by
such Lender shall be conclusive and binding for all purposes, absent manifest error.

          (c) Notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, and all requests, rules, guidelines or directives concerning capital
adequacy promulgated thereunder or promulgated by the Bank for International Settlements, the Basel
Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority)
or the United States financial regulatory authorities, are deemed to have been introduced or
adopted after the date hereof, regardless of the date adopted, issued, promulgated or implemented.

          SECTION 2.12. Illegality. Notwithstanding any other provision of this Agreement, if
any Lender shall notify the Agent that the introduction of or any change in or in the
interpretation of any law or regulation makes it unlawful, or any central bank or other
governmental authority asserts that it is unlawful, for any Lender or its Eurocurrency Lending
Office to perform its obligations hereunder to make Eurocurrency Rate Advances in Dollars or to
fund or maintain Eurocurrency Rate Advances in Dollars hereunder, (a) each Eurocurrency Rate
Advance will automatically, upon such demand be Converted into a Base Rate Advance and (b) the
obligation of the Lenders to make Eurocurrency Rate Advances or to Convert Revolving Credit
Advances into Eurocurrency Rate Advances shall be suspended until the Agent

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Avago Credit Agreement

shall notify the
Borrower and the Lenders that the circumstances causing such suspension no longer exist; provided,
however, that before making any such demand, each Lender agrees to use reasonable efforts
(consistent with its internal policy and legal and regulatory restrictions) to designate a
different Eurocurrency Lending Office if the making of such designation would allow such Lender or
its Eurocurrency Lending Office to continue to perform its obligations to make Eurocurrency Rate
Advances
or to continue to fund or maintain Eurocurrency Rate Advances and would not, in the judgment
of such Lender, be otherwise disadvantageous to such Lender.

          SECTION 2.13. Payments and Computations. (a) The Borrower shall make each payment
hereunder, irrespective of any right of counterclaim or set-off, not later than 12:00 Noon. (Hong
Kong time) on the day when due in Dollars to the Agent at the Agent’s Account in same day funds.
The Agent will promptly thereafter cause to be distributed like funds relating to the payment of
principal or interest, fees or commissions ratably (other than amounts payable pursuant to Section
2.03, 2.04(b), 2.11, 2.14 or 9.04(c)) to the Lenders for the account of their respective Applicable
Lending Offices, and like funds relating to the payment of any other amount payable to any Lender
to such Lender for the account of its Applicable Lending Office (if to any Initial Lender, to the
account set forth opposite its name on Schedule I hereto; if to any other Lender, to the account
specified in its Administrative Questionnaire), in each case to be applied in accordance with the
terms of this Agreement. Upon any Assuming Lender becoming a Lender hereunder as a result of a
Commitment Increase pursuant to Section 2.18 and upon the Agent’s receipt of such Lender’s
Assumption Agreement and recording of the information contained therein in the Register, from and
after the applicable Increase Date, the Agent shall make all payments hereunder and under any Notes
issued in connection therewith in respect of the interest assumed thereby to the Assuming Lender.
Upon its acceptance of an Assignment and Acceptance and recording of the information contained
therein in the Register pursuant to Section 9.07(c), from and after the effective date specified in
such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in
respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such
Assignment and Acceptance shall make all appropriate adjustments in such payments for periods prior
to such effective date directly between themselves.

          (b) All computations of interest based on the Base Rate shall be made by the Agent on the
basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on
the Eurocurrency Rate or the Federal Funds Rate and of fees and Letter of Credit commissions shall
be made by the Agent on the basis of a year of 360 days, in each case for the actual number of days
(including the first day but excluding the last day) occurring in the period for which such
interest, fees or commissions are payable. Each determination by the Agent of an interest rate
hereunder shall be conclusive and binding for all purposes, absent manifest error.

          (c) Whenever any payment hereunder or under the Notes shall be stated to be due on a day other
than a Business Day, such payment shall be made on the next succeeding Business Day, and such
extension of time shall in such case be included in the computation of payment of interest, fee or
commission, as the case may be; provided, however, that, if such extension would cause payment of
interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar
month, such payment shall be made on the next preceding Business Day.

          (d) Unless the Agent shall have received notice from the Borrower prior to the date on which
any payment is due to the Lenders hereunder that the Borrower will not make such payment in full,
the Agent may assume that the Borrower has made such payment in full to the Agent on such date and
the Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due
date an amount equal to the amount then due such Lender. If and to the extent the Borrower shall
not have so made such payment in full to the Agent, each Lender shall repay to the Agent forthwith
on demand such amount distributed to such Lender together with interest thereon, for each day from
the date

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Avago Credit Agreement

such amount is distributed to such Lender until the date such Lender repays such amount to
the Agent, at the Federal Funds Rate.

          (e) To the extent that the Agent receives funds for application to the amounts owing by the
Borrower under or in respect of this Agreement or any Note in currencies other than the currency
or currencies required to enable the Agent to distribute funds to the Lenders in accordance
with the terms of this Section 2.13, the Agent shall be entitled to convert or exchange such funds
into Dollars to the extent necessary to enable the Agent to distribute such funds in accordance
with the terms of this Section 2.13; provided that the Borrower and each of the Lenders
hereby agree that the Agent shall not be liable or responsible for any loss, cost or expense
suffered by the Borrower or such Lender as a result of any conversion or exchange of currencies
affected pursuant to this Section 2.13(e) or as a result of the failure of the Agent to effect any
such conversion or exchange; and provided further that the Borrower agrees to indemnify the Agent
and each Lender, and hold the Agent and each Lender harmless, for any and all losses, costs and
expenses incurred by the Agent or any Lender for any conversion or exchange of currencies (or the
failure to convert or exchange any currencies) in accordance with this Section 2.13(e), absent
gross negligence or willful misconduct on the part of the Agent or such Lender, respectively.

          (f) If the Agent receives a payment that is insufficient to discharge all the amounts then due
and payable by the Loan Parties under the Loan Documents, the Agent shall apply that payment
towards the obligations of the Loan Parties under the Loan Documents in the following order:

     first, in or towards payment pro rata of any unpaid fees, costs and expenses of
the Agent and the Arrangers under the Loan Documents;

     second, in or towards payment pro rata of any accrued interest, fee or
commission due but unpaid under this Agreement;

     third, in or towards payment pro rata of any principal due but unpaid under
this Agreement; and

     fourth, in or towards payment pro rata of any other sum due but unpaid under
the Loan Documents.

     The Agent shall, if so directed by the Required Lenders, vary the order set out
above.

          SECTION 2.14. Taxes. (a) Any and all payments by the Borrower to or for the account
of any Lender or the Agent hereunder or under the Notes or any other documents to be delivered
hereunder shall be made, in accordance with Section 2.13 or the applicable provisions of such other
documents, free and clear of and without deduction for any and all Indemnified Taxes. If the
Borrower shall be required by law to deduct any Indemnified Taxes from or in respect of any sum
payable hereunder or under any Note or any other documents to be delivered hereunder to any Lender
or the Agent, (i) the sum payable shall be increased as may be necessary so that after making all
required deductions (including deductions applicable to additional sums payable under this Section
2.14) such Lender or the Agent (as the case may be) receives an amount equal to the sum it would
have received had no such deductions been made, (ii) the Borrower shall make such deductions and
(iii) the Borrower shall pay the full amount deducted to the relevant taxation authority or other
governmental authority in accordance with applicable law.

          (b) In addition, the Borrower shall pay any present or future stamp or documentary taxes or
any other excise or property taxes, charges or similar levies that arise from any payment made

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Avago Credit Agreement

hereunder or under the Notes or any other documents to be delivered hereunder or from the
execution, delivery or registration of, performing under, or otherwise with respect to, this
Agreement or the Notes or any other documents to be delivered hereunder (hereinafter referred to as
“Other Taxes”).

          (c) The Borrower shall indemnify each Lender and the Agent for and hold it harmless against
the full amount of Indemnified Taxes (including, without limitation, Indemnified Taxes imposed or
asserted by any jurisdiction on amounts payable under this Section 2.14) imposed on or paid by such
Lender or the Agent (as the case may be) and any liability (including penalties, interest and
reasonable expenses) arising therefrom or with respect thereto other than such liability (including
penalties, interest and expenses) attributable to the acts of or failure to act by such Lender.
This indemnification shall be made within 30 days from the date such Lender or the Agent (as the
case may be) makes written demand therefor. Upon request from the Borrower, the Lender or Agent
(as the case may be) shall provide the Borrower with such information and documentation as to the
calculation of the indemnification payment as the Borrower may reasonably request.

          (d) Within 30 days after the date of any payment of Indemnified Taxes, the Borrower shall
furnish to the Agent, at its address referred to in Section 9.02, the original or a certified copy
of a receipt evidencing such payment to the extent such a receipt is issued therefor, or other
written proof of payment thereof that is reasonably satisfactory to the Agent.

          (e) (i) Each Lender shall deliver documentation prescribed by applicable law or reasonably
requested by the Borrower or the Agent as will enable the Borrower or the Agent to determine
whether such Lender is subject to United States federal backup withholding or information reporting
requirements.

     (ii) Without limiting the generality of the foregoing, each Lender other than a Non-U.S.
Lender shall deliver, on or prior to the date of its execution and delivery of this
Agreement in the case of each Initial Lender and on the date of the Assumption Agreement or
the Assignment and Acceptance pursuant to which it becomes a Lender in the case of each
other Lender, (and promptly from time to time thereafter if any form previously delivered
becomes inaccurate or upon the request of the Borrower or the Agent), a properly completed
Internal Revenue Service Form W-9 to the Borrower and the Agent certifying that such Person
is exempt from United States backup withholding tax on payments made under the Agreement.

     (iii) In addition, each Non-U.S. Lender, on or prior to the date of its execution and
delivery of this Agreement in the case of each Initial Lender and on the date of the
Assumption Agreement or the Assignment and Acceptance pursuant to which it becomes a Lender
in the case of each other Lender, and from time to time thereafter as reasonably requested
in writing by the Borrower (but only so long as such Lender remains lawfully able to do so),
shall deliver to the Borrower and the Agent two properly completed and duly executed copies
of (x) Internal Revenue Service Form W-8BEN, W-8ECI and/or W-8IMY, as applicable, together
with any necessary attachments, or an applicable successor form or (y) in the case of a
Non-U.S. Lender claiming exemption from U.S. federal withholding tax under Section 871(h) or
881(c) of the Internal Revenue Code with respect to payments of “portfolio interest,”
Internal Revenue Service Form W-8BEN (together with a certificate representing that such
Non-U.S. Lender is not a bank for purposes of Section 881(c) of the Internal Revenue Code,
is not a 10-percent shareholder (within the meaning of Section 871(h)(3)(B) of the Internal
Revenue Code) of the Borrower and is not a controlled foreign corporation related to the
Borrower (within the meaning of Section 864(d)(4) of the Internal Revenue Code)).

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Avago Credit Agreement

     (iv) If a payment made to a Lender hereunder would be subject to United States federal
withholding tax imposed by FATCA if such Lender were to fail to comply with the applicable
reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of
the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower and the
Agent, at the time or times prescribed by law and at such time or times reasonably
requested by the Borrower or the Agent, such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such
additional documentation reasonably requested by the Borrower or the Agent as may be
necessary for the Borrower or the Agent to comply with its obligations under FATCA, to
determine that such Lender has complied with such Lender’s obligations under FATCA or to
determine the amount to deduct and withhold from such payment. A Lender shall not be
entitled to payment or indemnification under Section 2.14(a) or (c) with respect to Taxes
imposed by the United States by reason of FATCA.

          (f) Each Lender shall, upon request by the Borrower or the Agent, deliver to the Borrower or
the applicable governmental authority (with a copy to the Agent), as the case may be, any form or
certificate required in order that any payment made under this Agreement or the Notes to the Lender
or Agent may be made free and clear of, and without deduction or withholding for or on account of,
any Taxes (or to allow any such deduction or withholding to be made at a reduced rate), provided
that the Lender or Agent, as the case may be, is legally entitled to complete, execute and deliver
such form or certificate and, in the case of jurisdictions other than Singapore, the execution and
delivery of such form would not, in the good faith reasonable judgment of such Lender or Agent,
cause such Lender and its Applicable Lending Office to suffer economic, legal, or regulatory
disadvantage. Each Person that shall become a Lender or a participant pursuant to Section 9.07
shall, upon the effectiveness of the related transfer, be required to provide all of the forms,
certifications and statements pursuant to this Section 2.14, provided that in the case of a
participant the obligations of such participant pursuant to clauses (e) or (f) of this Section 2.14
shall be determined as if such participant were a Lender except that such participant shall furnish
all such required forms, certifications and statements to the Lender from which the related
participation shall have been purchased. If any form or document referred to in this subsection
(f) requires the disclosure of information that the Lender or participant reasonably considers to
be confidential, the Lender or participant shall give notice thereof to the Borrower and shall not
be obligated to include in such form or document such confidential information.

          (g) Any Lender claiming any additional amounts payable pursuant to this Section 2.14 agrees to
use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions)
to change the jurisdiction of its Eurocurrency Lending Office if the making of such a change would
avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue
and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such
Lender.

          (h) If the Borrower determines in good faith that a reasonable basis exists for contesting any
taxes for which indemnification has been demanded hereunder, the relevant Lender or the Agent, as
applicable, shall cooperate with the Borrower in challenging such taxes at the Borrower’s expense
if so requested by the Borrower. If an additional payment is made under subsection (a) or (c) above
for the account of any Lender and such Lender, in its sole discretion (exercising good faith),
determines that it has finally and irrevocably received or been granted a credit against or release
or remission for, or refund of, any tax paid or payable by it in respect of or calculated with
reference to the deduction or withholding giving rise to such payment, such Lender shall, to the
extent that it determines that it can do so without prejudice to the retention of the amount of
such credit, relief, remission or refund, pay to the Borrower such amount as the Lender shall, in
its sole discretion (exercising good faith), have determined to be attributable to such deduction
or withholding and which will leave such Lender

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(after such payment) in no worse position than it
would have been in if the Borrower had not been required to make such deduction or withholding.
Such Lender shall provide to the Borrower reasonable information regarding any creditable amounts
or refunds it expects to receive, and the expected time for receiving such credit or refund. A
Lender or the Agent shall claim any refund that it determines is available to it, unless it
concludes in its reasonable discretion that it would be adversely affected by
making such a claim. This Section 2.14(h) shall not be construed to require the Agent or any
Lender to disclose tax returns, any information relating to its tax affairs or any computations in
respect thereof.

          SECTION 2.15. Sharing of Payments. If any Lender shall obtain any payment (whether
voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on account of
the Advances owing to it (other than (x) as payment of an Advance made by an Issuing Bank pursuant
to the first sentence of Section 2.03(c) or (y) pursuant to Section 2.11, 2.14, 2.19 or 9.04(c)) in
excess of its pro rata share of payments on account of the Advances obtained by all the Lenders,
such Lender shall forthwith purchase from the other Lenders such participations in the Advances
owing to them as shall be necessary to cause such purchasing Lender to share the excess payment
ratably with each of them; provided, however, that if all or any portion of such
excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender
shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the
extent of such recovery together with an amount equal to such Lender’s ratable share (according to
the proportion of (i) the amount of such 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. The Borrower agrees that any Lender
so purchasing a participation from another Lender pursuant to this Section 2.15 may, to the fullest
extent permitted by law, exercise all its rights of payment (including the right of set-off) with
respect to such participation as fully as if such Lender were the direct creditor of the Borrower
in the amount of such participation.

          SECTION 2.16. Evidence of Debt. (a) Each Lender shall maintain in accordance with
its usual practice an account or accounts evidencing the indebtedness of the Borrower to such
Lender resulting from each Advance owing to such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time hereunder in respect of
Advances. The Borrower agrees that upon notice by any Lender to the Borrower (with a copy of such
notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender
to evidence (whether for purposes of pledge, enforcement or otherwise) the Advances owing to, or to
be made by, such Lender, the Borrower shall promptly execute and deliver to such Lender a Note in
substantially the form of Exhibit A hereto, payable to the order of such Lender in a principal
amount equal to the Revolving Credit Commitment of such Lender.

          (b) The Register maintained by the Agent pursuant to Section 9.07(d) shall include a control
account, and a subsidiary account for each Lender, in which accounts (taken together) shall be
recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising
such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each
Assumption Agreement and each Assignment and Acceptance delivered to and accepted by it, (iii) the
amount of any principal or interest due and payable or to become due and payable from the Borrower
to each Lender hereunder and (iv) the amount of any sum received by the Agent from the Borrower
hereunder and each Lender’s share thereof.

          (c) Entries made in good faith by the Agent in the Register pursuant to subsection (b) above,
and by each Lender in its account or accounts pursuant to subsection (a) above, shall be prima
facie evidence of the amount of principal and interest due and payable or to become due and payable
from the Borrower to, in the case of the Register, each Lender and, in the case of such account or
accounts, such Lender, under this Agreement, absent manifest error; provided,
however, that the failure of the

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Avago Credit Agreement

Agent or such Lender to make an entry, or any finding that
an entry is incorrect, in the Register or such account or accounts shall not limit or otherwise
affect the obligations of the Borrower under this Agreement.

          SECTION 2.17. Use of Proceeds. The proceeds of the Advances (i) made on the
Effective Date shall be available (and the Borrower agrees that it shall use such proceeds) to
prepay any amounts outstanding under the Existing Credit Agreement, if any, and (ii) following the
Effective Date shall be available (and the Borrower agrees that it shall use such proceeds) solely
for general corporate purposes (including permitted acquisitions, investments and commercial paper
backstop) of the Borrower and its Subsidiaries.

          SECTION 2.18. Increase in the Aggregate Revolving Credit Commitments. (a) The
Borrower may, at any time, by delivery of an Increase Notice to the Agent, request that the
aggregate amount of the Revolving Credit Commitments be increased by an amount of at least
$25,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective
as of a date that is at least 10 days prior to the scheduled Termination Date (the “Increase
Date”) as specified in the related Increase Notice; provided, however that (i)
in no event shall the aggregate amount of the Revolving Credit Commitments at any time exceed
$300,000,000 and (ii) on the date of any request by the Borrower for a Commitment Increase and on
the related Increase Date, before and after giving effect to such Commitment Increase, (x) all
representations and warranties of the Borrower and the Guarantors in the Loan Documents shall be
true and correct in all material respects (unless such representation and warranty is qualified by
materiality, in which case such representation and warranty shall be true and correct in all
respects) as of such date as though made on and as of such date (unless such representation and
warranty relates to an earlier date, in which case such representation and warranty was true and
correct in all material respects as of such earlier date) and (y) no Default or Event of Default
has occurred and is continuing.

          (b) The Agent shall promptly notify the Lenders of a request by the Borrower for a Commitment
Increase, which notice shall include (i) the proposed amount of such requested Commitment Increase,
(ii) the proposed Increase Date and (iii) the date by which Lenders wishing to participate in the
Commitment Increase must commit to an increase in the amount of their respective Revolving Credit
Commitments (the “Commitment Date”), which Commitment Date shall be 10 Business Days after
the date on which the Agent received the Increase Notice. No Lender shall have any obligation to
participate in any Commitment Increase. Each Lender that is willing to participate in such
requested Commitment Increase (each an “Increasing Lender”) shall, in its sole discretion,
give written notice to the Agent on or prior to the Commitment Date of the amount (the
“Proposed Increased Commitment”) by which it is willing to increase its Revolving Credit
Commitment. If the Lenders notify the Agent that they are willing to increase the amount of their
respective Revolving Credit Commitments by an aggregate amount that exceeds the amount of the
requested Commitment Increase, the requested Commitment Increase shall be allocated among the
Increasing Lenders in proportion to their respective Proposed Increased Commitments.

          (c) Promptly following each Commitment Date, the Agent shall notify the Borrower as to the
amount, if any, by which the Lenders are willing to participate in the requested Commitment
Increase. If the aggregate amount by which the Lenders are willing to participate in any requested
Commitment Increase on any such Commitment Date is less than the requested Commitment Increase,
then the Borrower may extend offers to one or more Eligible Assignees to participate in any portion
of the requested Commitment Increase that has not been committed to by the Lenders as of the
applicable Commitment Date; provided, however, that the Revolving Credit Commitment
of each such Eligible Assignee shall be in an amount of $5,000,000 or more.

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Avago Credit Agreement

          (d) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a
requested Commitment Increase in accordance with Section 2.18(c) (each such Eligible Assignee, an
“Assuming Lender”) shall become a Lender party to this Agreement as of such Increase Date
and the Revolving Credit Commitment of each Increasing Lender for such requested Commitment
Increase shall
be so increased by such amount (or by the amount allocated to such Lender pursuant to the last
sentence of Section 2.18(b)) as of such Increase Date; provided, however, that the
Agent shall have received on or before such Increase Date the following, each dated such date:

     (i) (A) certified copies of resolutions of the board of directors of the Borrower
approving the Commitment Increase and the corresponding modifications to this Agreement and
(B) an opinion of counsel for the Borrower, in substantially the form of Exhibit G hereto;

     (ii) an Assumption Agreement from each Assuming Lender, if any, duly executed by such
Eligible Assignee, the Agent and the Borrower; and

     (iii) confirmation from each Increasing Lender of the increase in the amount of its
Revolving Credit Commitment in a writing satisfactory to the Borrower and the Agent.

On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding
sentence of this Section 2.18(d), the Agent shall notify the Lenders (including, without
limitation, each Assuming Lender) and the Borrower, on or before 12:00 Noon (Hong Kong time), by
facsimile, of the occurrence of the Commitment Increase to be effected on such Increase Date and
shall record in the Register the relevant information with respect to each Increasing Lender and
each Assuming Lender on such date. Each Increasing Lender and each Assuming Lender shall, before
2:00 P.M. (Hong Kong time) on the Increase Date, make available for the account of its Applicable
Lending Office to the Agent at the Agent’s Account, in same day funds, in the case of such Assuming
Lender, an amount equal to such Assuming Lender’s ratable portion of the Borrowings then
outstanding (calculated based on its Revolving Credit Commitment as a percentage of the aggregate
Revolving Credit Commitments outstanding after giving effect to the relevant Commitment Increase)
and, in the case of such Increasing Lender, an amount equal to the excess of (i) such Increasing
Lender’s ratable portion of the Borrowings then outstanding (calculated based on its Revolving
Credit Commitment as a percentage of the aggregate Revolving Credit Commitments outstanding after
giving effect to the relevant Commitment Increase) over (ii) such Increasing Lender’s ratable
portion of the Borrowings then outstanding (calculated based on its Revolving Credit Commitment
(without giving effect to the relevant Commitment Increase) as a percentage of the aggregate
Revolving Credit Commitments (without giving effect to the relevant Commitment Increase). After
the Agent’s receipt of such funds from each such Increasing Lender and each such Assuming Lender,
the Agent will promptly thereafter cause to be distributed like funds to the other Lenders for the
account of their respective Applicable Lending Offices in an amount to each other Lender such that
the aggregate amount of the outstanding Revolving Credit Advances owing to each Lender after giving
effect to such distribution equals such Lender’s ratable portion of the Borrowings then outstanding
(calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving
Credit Commitments outstanding after giving effect to the relevant Commitment Increase). In the
event of any such distribution with respect to a Eurocurrency Rate Advance, the Borrower shall be
obligated to reimburse the applicable Lenders in respect thereof pursuant to Section 9.04(c).

          SECTION 2.19. Defaulting Lenders. (a) If any Lender becomes, and during the period
it remains, a Defaulting Lender or a Potential Defaulting Lender, if any Letter of Credit is at the
time outstanding, any Issuing Bank may (except, in the case of a Defaulting Lender, to the extent
the Commitments have been fully reallocated pursuant to Section 2.19(b)), by notice to the Borrower
and such Defaulting Lender or Potential Defaulting Lender through the Agent, require the Borrower
to Cash Collateralize the obligations of the Borrower to each Issuing Bank in respect of such
Letter of Credit in an

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Avago Credit Agreement

amount at least equal to 100% of the aggregate amount of the unreallocated
obligations (contingent or otherwise) of such Defaulting Lender or such Potential Defaulting Lender
to be applied pro rata in respect thereof, or to make other arrangements satisfactory to the Agent,
and to any Issuing Bank in their sole
discretion to protect them against the risk of non-payment by such Defaulting Lender or
Potential Defaulting Lender.

          (b) If a Lender becomes, and during the period it remains, a Defaulting Lender, the following
provisions shall apply with respect to any outstanding L/C Exposure of such Defaulting Lender:

     (i) the L/C Exposure of such Defaulting Lender will, subject to the limitation
in the first proviso below, automatically be reallocated (effective on the day such
Lender becomes a Defaulting Lender) among the Non-Defaulting Lenders pro rata in
accordance with their respective Commitments; provided that (A) the sum of
each Non-Defaulting Lender’s total Revolving Credit Advances and total L/C Exposure
may not in any event exceed the Commitment of such Non-Defaulting Lender as in
effect at the time of such reallocation and (B) neither such reallocation nor any
payment by a Non-Defaulting Lender pursuant thereto will constitute a waiver or
release of any claim the Borrower, the Agent, any Issuing Bank or any other Lender
may have against such Defaulting Lender or cause such Defaulting Lender to be a
Non-Defaulting Lender;

     (ii) to the extent that any portion (the “unreallocated portion”) of the
Defaulting Lender’s L/C Exposure cannot be so reallocated, whether by reason of the
first proviso in clause (i) above or otherwise, the Borrower will, not later than
two Business Days after demand by the Agent (at the direction of any Issuing Bank),
(A) Cash Collateralize the obligations of the Borrower to each Issuing Bank in
respect of such L/C Exposure, in an amount at least equal to the aggregate amount of
the unreallocated portion of such L/C Exposure, or (B) make other arrangements
satisfactory to the Agent, and to the Issuing Banks, in their sole discretion to
protect them against the risk of non-payment by such Defaulting Lender; and

     (iii) any amount paid by the Borrower or otherwise received by the Agent for
the account of a Defaulting Lender under this Agreement (whether on account of
principal, interest, fees, indemnity payments or other amounts) will not be paid or
distributed to such Defaulting Lender, but will instead be retained by the Agent in
a segregated non-interest bearing account until (subject to Section 2.19(e)) the
termination of the Commitments and payment in full of all obligations of the
Borrower hereunder and will be applied by the Agent, to the fullest extent permitted
by law, to the making of payments from time to time in the following order of
priority: first to the payment of any amounts owing by such Defaulting Lender to
the Agent under this Agreement, second to the payment of any amounts owing by such
Defaulting Lender to any Issuing Bank (pro rata as to the respective amounts owing
to each of them) under this Agreement, third to the payment of post-default interest
and then current interest due and payable to the Lenders hereunder other than
Defaulting Lenders, ratably among them in accordance with the amounts of such
interest then due and payable to them, fourth to the payment of fees then due and
payable to the Non-Defaulting Lenders hereunder, ratably among them in accordance
with the amounts of such fees then due and payable to them, fifth to pay principal
and unreimbursed Letter of Credit disbursements then due and payable to the
Non-Defaulting Lenders hereunder ratably in accordance with the amounts thereof then
due and payable to them, sixth to the ratable payment of other amounts then due and
payable to the Non-Defaulting Lenders, and seventh after the termination of the

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Avago Credit Agreement

Commitments and payment in full of all obligations of the Borrower hereunder, to pay
amounts owing under this Agreement to such Defaulting Lender or as a court of
competent jurisdiction may otherwise direct.

          (c) In furtherance of the foregoing, if any Lender becomes, and during the period it remains,
a Defaulting Lender or a Potential Defaulting Lender, subject to Section 2.19(b)(i) above, each
Issuing Bank is hereby authorized by the Borrower (which authorization is irrevocable and coupled
with an interest) to give, in its discretion, through the Agent, Notices of Borrowing pursuant to
Section 2.02 in such amounts and in such times as may be required to (i) reimburse an outstanding
Letter of Credit disbursement and/or (ii) Cash Collateralize the obligations of the Borrower in
respect of outstanding Letters of Credit in an amount at least equal to the aggregate amount of the
obligations (contingent or otherwise) of such Defaulting Lender or Potential Defaulting Lender in
respect of such Letter of Credit.

          (d) Anything herein to the contrary notwithstanding, during such period as a Lender is a
Defaulting Lender, such Defaulting Lender will not be entitled to any fees accruing during such
period pursuant to Section 2.04 (without prejudice to the rights of the Non-Defaulting Lenders in
respect of such fees), provided that (i) to the extent that all or a portion of the L/C
Exposure of such Defaulting Lender is reallocated to the Non-Defaulting Lenders pursuant to Section
2.19(b), such fees that would have accrued for the benefit of such Defaulting Lender will instead
accrue for the benefit of and be payable to such Non-Defaulting Lenders, pro rata in accordance
with their respective Commitments, and (ii) to the extent that all or any portion of such L/C
Exposure cannot be so reallocated, such fees will instead accrue for the benefit of and be payable
to each Issuing Bank (and the pro rata payment provisions of Section 2.15 will automatically be
deemed adjusted to reflect the provisions of this Section).

          (e) If the Borrower, the Agent, and the Issuing Banks agree in writing in their discretion
that a Lender is no longer a Defaulting Lender or a Potential Defaulting Lender, as the case may
be, the Agent will so notify the parties hereto, whereupon as of the effective date specified in
such notice and subject to any conditions set forth therein (which may include arrangements with
respect to any amounts then held in the segregated account referred to in Section 2.19(b)), such
Lender will, to the extent applicable, purchase at par such portion of outstanding Revolving Credit
Advances of the other Lenders and/or make such other adjustments as the Agent may determine to be
necessary to cause the Revolving Credit Advances and the L/C Exposure of the Lenders to be on a pro
rata basis in accordance with their respective Commitments, whereupon such Lender will cease to be
a Defaulting Lender or Potential Defaulting Lender and will be a Non-Defaulting Lender (and such
Exposure of each Lender will automatically be adjusted on a prospective basis to reflect the
foregoing); provided that no adjustments will be made retroactively with respect to fees
accrued or payments made by or on behalf of the Borrower while such Lender was a Defaulting Lender;
and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender or Potential Defaulting Lender to
Non-Defaulting Lender will constitute a waiver or release of any claim of any party hereunder
arising from such Lender’s having been a Defaulting Lender or Potential Defaulting Lender.

ARTICLE III

CONDITIONS TO EFFECTIVENESS AND LENDING

          SECTION 3.01. Conditions Precedent to Effectiveness of Section 2.01. Section 2.01 of
this Agreement shall become effective on and as of the first date (the “Effective Date”) on
which the following conditions precedent have been satisfied:

     (a) The Agent shall have received this Agreement, executed and delivered by a duly
authorized officer of the Borrower, each Guarantor and each Lender.

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Avago Credit Agreement

     (b) (i) The repayment in full of all existing indebtedness under the Existing Credit
Agreement, if any (ii) the termination of all commitments to lend or make other extensions
of credit under the Existing Credit Agreement and (iii) delivery to the Agent of all
documents and
instruments necessary to release all Liens securing the existing indebtedness under the
Existing Credit Agreement or other obligations of the Borrower and its Subsidiaries under
the Existing Credit Agreement being repaid on the Effective Date.

     (c) The Borrower shall have paid, to the extent invoiced prior to the Effective Date,
all accrued fees and expenses of the Agent and the Lenders associated with this Agreement
(including, to the extent invoiced prior to the Effective Date, the accrued fees and
expenses of counsel to the Agent).

     (d) The Agent shall have received, at least five business days prior to the Effective
Date, all documentation and other information required by regulatory authorities under
applicable “know your customer” and anti-money laundering rules and regulations, including,
without limitation, the Patriot Act, in each case, to the extent requested at least ten
Business Days prior to the Effective Date.

     (e) On the Effective Date, the following statements shall be true and the Agent shall
have received for the account of each Lender a certificate signed by a duly authorized
officer of the Borrower, dated the Effective Date, stating that:

     (i) The representations and warranties contained in Section 4.01 are correct on
and as of the Effective Date (unless such representation and warranty relates to an
earlier date, in which case such representation and warranty was true and correct as
of such earlier date), and

     (ii) No event has occurred and is continuing that constitutes a Default.

     (f) The Agent shall have received on or before the Effective Date the following, each
dated the Effective Date, in form and substance reasonably satisfactory to the Agent and
(except for the Notes) in sufficient copies for each Lender:

     (i) The Notes to the order of the Lenders to the extent requested by any Lender
pursuant to Section 2.16.

     (ii) Certified copies of (A) the resolutions of the Board of Directors of the
Borrower and each Guarantor approving this Agreement and the Notes, and, in the case
of each Guarantor, approving the Guaranty and of all documents evidencing other
necessary corporate action and governmental approvals, if any, with respect to this
Agreement, the Notes and any Guaranty and (B) Certified copies of the resolutions of
the members of the Borrower, International Sales and General IP approving this
Agreement and the Notes and, in the case of International Sales and General IP,
approving the Guaranty and of all documents evidencing other necessary corporate
action and governmental approvals, if any, with respect to this Agreement, the Notes
and any Guaranty.

     (iii) True and complete copies of the certificate of incorporation and by-laws
(or equivalent organizational documents) of each the Borrower and each Guarantor.

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Avago Credit Agreement

     (iv) A certificate of the Secretary or an Assistant Secretary of the Borrower
and each Guarantor certifying the names and true signatures of the officers of the
Borrower and each Guarantor authorized to sign this Agreement and the Notes and the
other documents to be delivered hereunder.

     (v) A favorable opinion of (A) Latham & Watkins LLP, special New York counsel
to the Loan Parties, substantially in the form of Exhibit G-1 hereto and (B)
Singaporean counsel to the Loan Parties, substantially in the form of Exhibit G-2
hereto.

     (g) The Lenders shall have received from the Borrower, not less than 5 days prior to
the Effective Date, the Historical Financial Statements.

          SECTION 3.02. Conditions Precedent to Each Borrowing and Issuance. The obligation of
each Lender to make an Advance (other than an Advance made by any Issuing Bank or any Lender
pursuant to Section 2.03(c)) on the occasion of each Borrowing and the obligation of each Issuing
Bank to issue a Letter of Credit shall be subject to the conditions precedent that the Effective
Date shall have occurred and on the date of such Borrowing or such Issuance (as the case may be)
the following statements shall be true (and each of the giving of the applicable Notice of
Borrowing or Notice of Issuance and the acceptance by the Borrower of the proceeds of such
Borrowing or such Issuance shall constitute a representation and warranty by the Borrower that on
the date of such Borrowing or such Issuance such statements are true):

     (a) the representations and warranties contained in Section 4.01 are true and correct
in all material respects (unless such representation and warranty is qualified by
materiality, in which case such representation and warranty shall be true and correct in all
respects) on and as of such date, before and after giving effect to such Borrowing or such
Issuance and to the application of the proceeds therefrom, as though made on and as of such
date (unless such representation and warranty relates to an earlier date, in which case such
representation and warranty was true and correct in all material respects as of such earlier
date); provided, that the representation set forth in subsection (h) thereof, shall
be made only on the Effective Date, and

     (b) no event has occurred and is continuing, or would result from such Borrowing or
such Issuance or from the application of the proceeds therefrom, that constitutes a Default.

          SECTION 3.03. Determinations Under Section 3.01. For purposes of determining
compliance with the conditions specified in Section 3.01, each Lender 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 the Lenders unless an
officer of the Agent responsible for the transactions contemplated by this Agreement shall have
received notice from such Lender prior to the date that the Borrower, by notice to the Lenders,
designates as the proposed Effective Date, specifying its objection thereto. The Agent shall
promptly notify the Lenders of the occurrence of the Effective Date.

          SECTION 3.04. Additional Conditions to Issuances. In addition to the other
conditions precedent herein set forth, if any Lender becomes, and during the period it remains, a
Defaulting Lender or a Potential Defaulting Lender, no Issuing Bank will be required to issue any
Letter of Credit or to amend any outstanding Letter of Credit to increase the face amount thereof,
alter the drawing terms thereunder or extend the expiry date thereof, unless such Issuing Bank is
satisfied that any exposure that would result therefrom is eliminated or fully covered by the
Commitments of the Non-Defaulting Lenders or by Cash Collateralization or a combination thereof
satisfactory to such Issuing Bank. If any Issuing Bank issues a Letter of Credit or amends any
outstanding Letter of Credit to extend the expiry date

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Avago Credit Agreement

thereof, in either case, resulting in such
Letter of Credit having an expiry date later than five Business Days before the Maturity Date, such
Issuing Bank may request the Borrower to, and the Borrower shall, within two Business Days of such
request, deposit in the L/C Cash Deposit Account, an amount equal to 105% of such Letter of Credit.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

          SECTION 4.01. Representations and Warranties of the Loan Parties. The Borrower and
each Guarantor represents and warrants as follows:

     (a) Corporate Status. Each Loan Party is duly organized, validly existing and
in good standing (or appropriate equivalent) under the laws of its jurisdiction of
organization.

     (b) Corporate Power and Authority. The execution, delivery and performance by
each Loan Party of this Agreement and the other Loan Documents to be delivered by it, and
the consummation of the transactions contemplated hereby, are within such Loan Party’s
corporate powers, have been duly authorized by all necessary corporate action, and do not
contravene (i) such Loan Party’s charter or by-laws or (ii) any law or any contractual
restriction binding on or affecting such Loan Party.

     (c) Approvals. No authorization or approval or other action by, and no notice
to or filing with, any governmental authority or regulatory body or any other third party is
required for the due execution, delivery and performance by each Loan Party of this
Agreement or the other Loan Documents to be delivered by such Loan Party.

     (d) Binding Obligation. This Agreement has been, and each of the other Loan
Documents to be delivered by each Loan Party when delivered hereunder will have been, duly
executed and delivered by such Loan Party, as applicable. This Agreement is, and each of
the Notes when delivered hereunder will be, the legal, valid and binding obligation of the
Loan Party party thereto enforceable against such Loan Party in accordance with their
respective terms, except as enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether enforcement is
sought by proceedings in equity or law).

     (e) Litigation. There is no pending or, to the Borrower’s knowledge, overtly
threatened action, suit, investigation, litigation or administrative or judicial
proceedings, affecting Holdings or any of its Subsidiaries before any court, governmental
agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect
or (ii) purports to affect the legality, validity or enforceability of the Loan Documents or
the consummation of the transactions contemplated hereby.

     (f) Environmental Matters. Each of Borrower and its Subsidiaries (other than
Immaterial Subsidiaries) is and has been in compliance with all Environmental Laws, which
compliance includes obtaining, maintaining and complying with all permits, licenses and
other authorizations required under all Environmental Laws to carry on its business, except
to the extent failure to comply would not (either individually or in the aggregate)
reasonably be expected to have a Material Adverse Effect.

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     (g) Compliance with ERISA. (A) Except as otherwise would not (either
individually or in the aggregate) reasonably be expected to have a Material Adverse Effect:
(i) each of the Borrower and its ERISA Affiliates is in compliance with the presently
applicable provisions of ERISA and the Code with respect to each Plan and Multiemployer
Plan, and the terms of each Plan, and (ii) no ERISA Event has occurred or is reasonably
expected to occur.

          (B) All Foreign Plans are in compliance with, and have been established, administered
and operated in accordance with, the terms of such Foreign Plans and applicable law, except
for any failure to so comply, establish, administer or operate the Foreign Plans as would
not (either individually or in the aggregate) reasonably be expected to have a Material
Adverse Effect. All contributions or other payments which are due with respect to each
Foreign Plan have been made in full and there are no funding deficiencies thereunder, except
to the extent any such events would not (either individually or in the aggregate) reasonably
be expected to have a Material Adverse Effect.

     (h) Material Adverse Change. As of the Effective Date, since October 31, 2010,
there has been no Material Adverse Change.

     (i) True and Complete Disclosure. (A) None of the factual written information
and data (taken as a whole) heretofore or contemporaneously furnished by or on behalf of
Parent or the Borrower, any of the Subsidiaries or any of their respective authorized
representatives in writing to the Agent and/or any Lender on or before the Effective Date
(including (i) the Information Memorandum and (ii) all information contained in the Loan
Documents) for purposes of or in connection with this Agreement or any transaction
contemplated herein contained any untrue statement or omitted to state any material fact
necessary to make such information and data (taken as a whole) not materially misleading at
such time in light of the circumstances under which such information or data was furnished,
it being understood and agreed that for purposes of this Section 4.01(i), such factual
information and data shall not include projections and pro forma financial information.

          (B) The projections and pro forma financial information contained in the information
and data referred to in clause (A) above were based on good faith estimates and assumptions
believed by such Persons to be reasonable at the time made, it being recognized by the
Lenders that such projections as to future events are not to be viewed as facts and that
actual results during the period or periods covered by any such projections may differ from
the projected results.

     (j) Financial Condition; Financial Statements. The Historical Financial
Statements fairly present, in all material respects, the Consolidated financial condition of
the Borrower and its Subsidiaries as at such date and the Consolidated results of the
operations of the Borrower and its Subsidiaries for the period ended on such date, all in
accordance with GAAP consistently applied.

     (k) Margin Regulations. No Loan Party is engaged in the business of extending
credit for the purpose of purchasing or carrying margin stock (within the meaning of, and in
violation of, Regulation U issued by the Board of Governors of the Federal Reserve System),
and no proceeds of any Advance will be used to purchase or carry any margin stock or to
extend credit to others for the purpose of purchasing or carrying any margin stock.

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

     (m) Solvency. On the Effective Date (after giving effect to the transactions
contemplated hereby, including any Advances made on the Effective Date), the Borrower on a
consolidated basis with its Subsidiaries, taken as a whole, will be Solvent.

ARTICLE V

COVENANTS OF THE LOAN PARTIES

          SECTION 5.01. Affirmative Covenants. So long as any Advance shall remain unpaid, and
any Letter of Credit is outstanding or any Lender shall have any Commitment hereunder, each Loan
Party will:

     (a) Compliance with Laws. Comply, and cause each of its Subsidiaries to comply
with all applicable laws, rules, regulations and orders, such compliance to include, without
limitation, compliance with ERISA, Environmental Laws, the Patriot Act and any anti-money
laundering, counter-terrorism financing, trade or economic sanctions laws and regulations,
except to the extent such failure to comply could reasonably be expected to have a Material
Adverse Effect.

     (b) Payment of Taxes. Pay and discharge, and cause each of its Subsidiaries to
pay and discharge, before the same shall become delinquent, (i) all taxes, assessments and
governmental charges or levies imposed upon it or upon its property, income or profits and
(ii) all lawful claims that, if unpaid, might by law become a Lien (other than Liens
permitted hereunder pursuant to Section 5.02(a) upon its property; provided,
however, that neither the Borrower nor any of its Subsidiaries shall be required to
pay or discharge any such tax, assessment, charge or claim (x) that is being contested in
good faith and by proper proceedings and as to which appropriate reserves are being
maintained, unless and until any Lien resulting therefrom attaches to its property and
becomes enforceable against its other creditors or (y) the failure to make any such payment
would not (either individually or in the aggregate) reasonably be expected to have a
Material Adverse Effect.

     (c) Maintenance of Insurance. Maintain, and cause each of its Subsidiaries
(other than Immaterial Subsidiaries) to maintain, insurance with responsible and reputable
insurance companies or associations in such amounts and covering such risks as is usually
carried by companies engaged in similar businesses and owning similar properties in the same
general areas in which the Borrower or such Subsidiary operates.

     (d) Preservation of Corporate Existence. Preserve and maintain, and cause each
of its Subsidiaries (other than Immaterial Subsidiaries) to preserve and maintain, its
corporate existence, rights (charter and statutory) and franchises; provided,
however, that the Borrower and its Subsidiaries may (i) consummate any merger or
consolidation or other transaction permitted under Section 5.02(b), (ii) sell, transfer, or
otherwise dispose of, any Subsidiary of the Borrower if permitted under Section 5.02(e),
(iii) dissolve or terminate the existence of any Subsidiary of the Borrower possessing
immaterial assets or liabilities or no continuing business purpose, or (iv) dissolve or
terminate the existence of any Subsidiary if in the Borrower’s determination (w) the
preservation thereof is no longer desirable in the conduct of the business of the Borrower
and its Subsidiaries, taken as a whole and (x) the loss thereof is not materially
disadvantageous to the

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Avago Credit Agreement

Borrower and its Subsidiaries, taken as a whole, and provided
further that neither the Borrower nor any of its Subsidiaries shall be required to
preserve any right or franchise if in the Borrower’s determination (y) the preservation
thereof is no longer desirable in the conduct of the business of the Borrower or such
Subsidiary, as the case may be and (z) the loss thereof is not materially disadvantageous to
the Borrower or such Subsidiary.

     (e) Visitation Rights. At any reasonable time during normal business hours and
from time to time upon reasonable notice, permit the Agent or any of the Lenders or any
agents or
representatives thereof, to examine and make copies of and abstracts from the records
and books of account of, and visit the properties of, the Borrower and any of its
Subsidiaries, and to discuss the affairs, finances and accounts of the Borrower and any of
its Subsidiaries with any of their officers or directors and with their independent
certified public accountants, subject to applicable regulations of the Federal government
relating to classified information and reasonable security and safety regulations of the
Borrower; provided that the Borrower shall bear the cost and expense of one such
visit per calendar year as well as any such visits after and during the continuance of an
Event of Default.

     (f) Keeping of Books. Keep, and cause each of its Subsidiaries to keep, proper
books of record and account, in which full and correct entries shall be made of all
financial transactions and the assets and business of the Borrower and each such Subsidiary
materially in accordance with, and to the extent required by, GAAP.

     (g) Maintenance of Properties. Maintain and preserve, and cause each of its
Subsidiaries to maintain and preserve, all of its properties that are material to the
conduct of its business in good working order and condition, ordinary wear and tear
excepted, in accordance with customary and prudent business practices for similar
businesses, except to the extent that failure to do so would not (either individually or in
the aggregate) reasonably be expected to have a Material Adverse Effect.

     (h) Transactions with Affiliates. Conduct, and cause each of the Subsidiaries
to conduct, all transactions with any of their Affiliates (other than the Borrower and its
Subsidiaries) on terms that are fair and reasonable and no less favorable to the Borrower or
such Subsidiary in any material respect than it would obtain in a comparable arm’s-length
transaction with a Person that is not an Affiliate; provided that the foregoing
restrictions shall not apply to (i) the payment of customary fees to the Sponsors for
management, consulting and financial services rendered to Holdings, the Borrower and the
Subsidiaries and customary investment banking fees paid to the Sponsors for services
rendered to Holdings, the Borrower and the Subsidiaries in connection with divestitures,
acquisitions, financings and other transactions, (ii) customary fees paid to members of the
board of directors of the Borrower and the Subsidiaries and (iii) transactions permitted by
Section 5.02(i).

     (i) Use of Proceeds. Use the proceeds of any Advance (i) on the Effective Date
to repay any amounts outstanding under the Existing Credit Agreement, if any and (ii)
following the Effective Date, for general corporate purposes of the Borrower and its
Subsidiaries, including permitted acquisitions, investments and commercial paper backstop.

     (j) Reporting Requirements. Furnish to the Agent, who shall furnish to the
Lenders:

     (i) as soon as available and in any event on or before the date on which such
financial statements are required to be filed with the SEC with respect to each of
the first three quarterly accounting periods in each fiscal year of the Borrower
(or, if such

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financial statements are not required to be filed with the SEC, on or
before the date that is 60 days after the end of each such quarterly accounting
period), the unaudited Consolidated balance sheet of the Borrower and its
Subsidiaries as of the end of such quarter and unaudited Consolidated statements of
income and cash flows of the Borrower and its Subsidiaries for the period commencing
at the end of the previous fiscal year and ending with the end of such quarter, duly
certified (subject to year-end audit adjustments and absence of footnote
disclosures) by the chief financial officer, treasurer or other authorized financial
officer of the Borrower as having been prepared in accordance with
GAAP and certificates of the chief financial officer or other authorized
financial officer of the Borrower as to compliance with the terms of this Agreement
and setting forth in reasonable detail the calculations necessary to demonstrate
compliance with Section 5.03 (such financial statements and certificates, the
“Section 5.01(j)(i) Financial Statements and Certificates”);
provided that in the event of any change in GAAP used in the preparation of
such financial statements, the Borrower shall also provide, if necessary for the
determination of compliance with Section 5.03, a statement of reconciliation
conforming such financial statements to Initial GAAP; and provided further,
that so long as (A) Parent only conducts, transacts or otherwise engages in, or
commits to conduct, transact or otherwise engage in, any business or operations
incidental to its ownership of the Stock and Stock Equivalents of Holdings, any
public offering of its Stock and, subject to Section 5.02(j), intercompany debt
between Parent and its Subsidiaries, (B) Parent does not incur, create, assume or
suffer to exist any Lien or Debt or other liabilities or financial obligations
(other than those described in clause (A) above), except (x) nonconsensual
obligations imposed by operation of law or (y) obligations with respect to its Stock
and Stock Equivalents, (C) Parent does not own, lease manage or otherwise operate
any properties or assets (including cash and cash equivalents) other than the
ownership of Stock or Stock Equivalents of Holdings and its Subsidiaries and (D)
Borrower has not previously complied with this Section 5.01(j)(i) by delivering
Section 5.01(j)(i) Financial Statements and Certificates, the Borrower shall be
permitted to furnish, in lieu of the Section 5.01(j)(i) Financial Statements and
Certificates, the Consolidated balance sheet of Parent and its Subsidiaries as of
the end of such quarter and Consolidated statements of income and cash flows of
Parent and its Subsidiaries for the period commencing at the end of the previous
fiscal year and ending with the end of such quarter duly certified (subject to
year-end audit adjustments and absence of footnote disclosures) by the chief
financial officer, treasurer or other authorized financial officer of Parent as
having been prepared in accordance with GAAP, together with (I) a Compliance
Certificate of the chief financial officer or other authorized financial officer of
the Borrower as to compliance with the terms of this Agreement and setting forth
calculations reasonably necessary to demonstrate compliance with Section 5.03 and
(II) a certificate of the chief financial officer or other authorized financial
officer of Parent as to compliance with clauses (A), (B) and (C) of this proviso (it
being understood that the filing of Parent’s Report on Form 10-Q with the SEC shall
satisfy the requirements of this proviso for the delivery of Consolidated balance
sheets and Consolidated statements of income and cash flows);

     (ii) as soon as available and in any event on or before the date on which such
financial statements are required to be filed with the SEC with respect to each
fiscal year (or, if such financial statements are not required to be filed with the
SEC, on or before the date that is 120 days after the end of each such fiscal year),
a copy of the annual audit report for such year for the Borrower and its
Subsidiaries,
containing the Consolidated balance sheet of the Borrower and its
Subsidiaries as of the end of such fiscal year and Consolidated statements of income
and cash flows of the Borrower and its Subsidiaries

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Avago Credit Agreement

for such fiscal year, in each
case accompanied by an opinion unqualified as to scope and going concern by
PricewaterhouseCoopers LLP or other independent certified public accountants
reasonably acceptable to the Required Lenders and a Compliance Certificate of the
chief financial officer or other authorized financial officer of the Borrower as to
compliance with the terms of this Agreement and setting forth in reasonable detail
the calculations necessary to demonstrate compliance with Section 5.03, provided
that in the event of any change in GAAP used in the preparation of such financial
statements, the Borrower shall also provide, if necessary for the determination of
compliance with
Section 5.03, a statement of reconciliation conforming such financial
statements to Initial GAAP (it being understood that the filing of the Borrower’s
Report on Form 10-K with the SEC shall satisfy the requirements of this Section
5.01(j)(ii) so long as the information required to be contained in such Report is
substantially the same as that required under this clause (ii));

     (iii) as soon as available and in any event on or before the date on which such
financial statements are required to be filed with the SEC with respect to each
fiscal year (or, if such financial statements are not required to be filed with the
SEC, on or before the date that is 120 days after the end of each such fiscal year),
a copy of the annual audit report for such year for Parent and its Subsidiaries,
containing the Consolidated balance sheet of Parent and its Subsidiaries as of the
end of such fiscal year and Consolidated statements of income and cash flows of
Parent and its Subsidiaries for such fiscal year, in each case accompanied by an
opinion unqualified as to scope and going concern by PricewaterhouseCoopers LLP or
other independent certified public accountants reasonably acceptable to the Required
Lenders (it being understood that the filing of Parent’s Report on Form 10-K with
the SEC shall satisfy the requirements of this Section 5.01(j)(iii) so long as the
information required to be contained in such Report is substantially the same as
that required under this clause (iii));

     (iv) as soon as possible and in any event within seven days after the
occurrence of any Default of which the Borrower has knowledge, a statement of the
chief financial officer or other authorized financial officer of the Borrower
setting forth details of such Default and the action that the Borrower has taken and
proposes to take with respect thereto;

     (v) promptly after the sending or filing thereof, copies of all reports that
the Borrower sends to any of its securityholders, and copies of all reports and
registration statements that the Borrower or any Subsidiary files with the SEC or
any national securities exchange;

     (vi) promptly after the commencement thereof, notice of all actions and
proceedings before any court, governmental agency or arbitrator affecting the
Borrower or any of its Subsidiaries of the type described in Section 4.01(e);

     (vii) promptly after the commencement thereof, notice of any Environmental
Action that would be reasonably likely to have a Material Adverse Effect; and

     (viii) such other information respecting the Borrower or any of its
Subsidiaries as any Lender through the Agent may from time to time reasonably
request.

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          SECTION 5.02. Negative Covenants. So long as any Advance shall remain unpaid, and
any Letter of Credit is outstanding or any Lender shall have any Commitment hereunder, no Loan
Party will:

     (a) Liens. Create or suffer to exist, or permit any of its Subsidiaries to
create or suffer to exist, any Lien on or with respect to any of its properties, whether now
owned or hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any
right to receive income, other than:

     (i) Permitted Liens,

     (ii) purchase money Liens upon or in any real property or equipment acquired or
held by the Borrower or any Subsidiary in the ordinary course of business to secure
the purchase price of such property or equipment or to secure Debt incurred solely
for the purpose of financing the acquisition (including Liens, if any, in respect of
leases that have been, or should be, in accordance with GAAP in effect on the date
hereof, recorded as capital leases and any Liens placed on such property or
equipment within 180 days after the acquisition of such property or equipment) of
such property or equipment, or Liens existing on such property or equipment at the
time of its acquisition (other than any such Liens created in contemplation of such
acquisition that were not incurred to finance the acquisition of such property) or
extensions, renewals or replacements of any of the foregoing for the same or a
lesser amount, provided, however, that no such Lien shall extend to
or cover any properties of any character other than the real property or equipment
being acquired (and any accessions or additions thereto, and proceeds thereof), and
no such extension, renewal or replacement shall extend to or cover any properties
not theretofore subject to the Lien being extended, renewed or replaced, provided
further that the aggregate principal amount of indebtedness secured by the Liens
referred to in this clause (ii) shall not exceed $50,000,000

     (iii) the Liens existing on the Effective Date and described on Schedule
5.02(a) hereto,

     (iv) Liens on property of a Person existing at the time such Person is merged
into or consolidated with the Borrower or any Subsidiary of the Borrower or becomes
a Subsidiary of the Borrower; provided that such Liens were not created in
contemplation of such merger, consolidation or acquisition and do not extend to any
assets other than those of the Person so merged into or consolidated with the
Borrower or such Subsidiary or acquired by the Borrower or such Subsidiary,

     (v) Liens securing contingent obligations in respect of acceptances, letters of
credit, bank guarantees, surety bonds or similar extensions of credit,

     (vi) Liens that are within the general parameters customary in the industry and
incurred in the ordinary course of business securing obligations under Hedge
Agreements designed solely to protect the Borrower or any of its Subsidiaries from
fluctuations in interest rates, currencies or the price of commodities,

     (vii) Liens on cash as contemplated by Section 2.19 or 6.02,

     (viii) the replacement, extension or renewal of any Lien permitted by clause
(iii) or (iv) above upon or in the property theretofore subject thereto or the
replacement,

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extension or renewal (without increase in the principal amount or
change in any direct or contingent obligor) of the Debt secured thereby; and

     (ix) other Liens so long as the aggregate principal amount of the obligations
so secured does not exceed $50,000,000 at any time outstanding.

     (b) Mergers. Merge or consolidate with or into any Person, or permit any of
its Subsidiaries (other than Immaterial Subsidiaries) to do so, except (i) that any
Subsidiary of the Borrower may merge, consolidate, amalgamate, or combine with or into any
other Subsidiary of the Borrower that is a Guarantor, (ii) any Subsidiary of the Borrower
may merge, consolidate, amalgamate, or combine with or into the Borrower and (iii) any
Subsidiary of the Borrower and
the Borrower may merge, consolidate, amalgamate, or combine with or into any other
Person if, as a result of one or a series of transactions, the surviving or resulting entity
is or becomes a Subsidiary or, if the Borrower is a party to such transaction, the surviving
entity is the Borrower, provided, in each case, that no Default shall have occurred
and be continuing at the time of such proposed transaction or would result therefrom.

     (c) Accounting Changes. Make or permit, or permit any of its Subsidiaries to
make or permit, any change in accounting policies or reporting practices, except as required
or permitted by GAAP.

     (d) Subsidiary Debt. Permit any of its non-Guarantor Subsidiaries to create or
suffer to exist, any Debt other than:

     (i) Debt owed under this Agreement or the Notes,

     (ii) Debt existing on the Effective Date and described on Schedule 5.02(d)
hereto (the “Existing Debt”), and any Debt extending the maturity of, or
refunding or refinancing, in whole or in part, the Existing Debt, provided
that the principal amount of such Existing Debt shall not be increased above the
principal amount thereof outstanding immediately prior to such extension, refunding
or refinancing, and the direct and contingent obligors therefor shall not be
changed, as a result of or in connection with such extension, refunding or
refinancing,

     (iii) Debt in amounts permitted by Sections 5.02(a)(ii) and (ix),

     (iv) Debt owed to the Borrower or a wholly owned direct or indirect Subsidiary
of the Borrower,

     (v) obligations of any Subsidiary of the Borrower under any Hedge Agreements
entered into in the ordinary course of business to protect the Borrower and its
Subsidiaries against fluctuations in interest or exchange rates,

     (vi) contingent obligations in respect of acceptances, letters of credit, bank
guarantees, surety bonds or similar extensions of credit,

     (vii) Debt of a Person at the time such Person is merged into or consolidated
with any Subsidiary of the Borrower or becomes a Subsidiary of the Borrower;
provided that such Debt was not created in contemplation of such merger,
consolidation or acquisition, and any Debt extending the maturity of, or refunding
or refinancing, in whole or in part, such Debt, provided further
that the principal amount of such Debt shall not be

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increased above the principal
amount thereof outstanding immediately prior to such extension, refunding or
refinancing, and the direct and contingent obligors therefor shall not be changed
(other than as a result of merger or consolidation), as a result of or in connection
with such extension, refunding or refinancing,

     (viii) endorsement of negotiable instruments for deposit or collection or
similar transactions in the ordinary course of business; and

     (ix) other unsecured Debt of such non-Guarantor Subsidiaries in an aggregate
amount not to exceed $75,000,000.

     (e) Sales of Assets. Sell, lease, transfer or otherwise dispose of, or permit
any of its Subsidiaries to sell, lease, transfer or otherwise dispose of, any assets, or
grant any option or other right to any other Person to purchase, lease or otherwise acquire
any assets of the Borrower or any of its Subsidiaries, except (i) sales of inventory in the
ordinary course of its business or sales or other dispositions of scrap, surplus, outdated,
superseded, replaced or obsolete material or equipment or sales of other assets in the
ordinary course of its business that are no longer used, (ii) in or in connection with a
transaction authorized by Section 5.02(b), (iii) sales or dispositions between or among the
Borrower and its wholly-owned Subsidiaries that are Guarantors, (iv) sales of property in
connection with a Permitted Sale Leaseback provided that the net present value of the
aggregate rental obligations under such leases or contracts (discounted at the implied
interest rate of such lease or contract) does not exceed 15% of the Consolidated total
assets of the Borrower and its Subsidiaries measured as of October 31, 2010 or, if greater,
15% of Consolidated total assets of the Borrower and its Subsidiaries as of the most recent
fiscal quarter end for which financial statements of the Borrower are delivered pursuant to
Section 5.01(j) hereof and (v) sales or other dispositions of assets in an amount not to
exceed, after the date hereof, an amount equal to 15% of the Consolidated total assets of
the Borrower and its Subsidiaries measured as of October 31, 2010 or, if greater, 15% of
Consolidated total assets of the Borrower and its Subsidiaries as of the most recent fiscal
quarter end for which financial statements of the Borrower are delivered pursuant to Section
5.01(j).

     (f) Change in Nature of Business. Make, or permit any of its Subsidiaries to
make, any material change in the nature of its business from the business as carried on by
the Borrower and its Subsidiaries at the date hereof.

     (g) Payment Restrictions Affecting Subsidiaries. Directly or indirectly, enter
into or suffer to exist, or permit any of its Subsidiaries to enter into or suffer to exist,
any agreement or arrangement limiting the ability of any of its Subsidiaries to declare or
pay dividends or other distributions in respect of its capital stock (whether through a
covenant restricting dividends, a financial covenant or otherwise), except (i) this
Agreement, (ii) any agreement or instrument evidencing Existing Debt or, to the extent such
agreement or arrangement could not reasonably be expected to impair the Borrower’s ability
to repay the Obligations as and when due, any agreement or instrument evidencing Debt
permitted under Section 5.02(d) and (iii) any agreement in effect at the time such
Subsidiary becomes a Subsidiary of the Borrower, so long as such agreement was not entered
into solely in contemplation of such Person becoming a Subsidiary of the Borrower.

     (h) Activities of Holdings. Notwithstanding anything to the contrary in this
Agreement or any other Loan Document, Holdings shall not (i) conduct, transact or otherwise
engage in, or commit to conduct, transact or otherwise engage in, any business or operations
other than those incidental to its ownership of the Stock and Stock Equivalents of the
Borrower, any

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public offering of its Stock and any transaction that Holdings is permitted to
enter into or consummate under this Section 5.02, (ii) incur, create, assume or suffer to
exist any Lien or Debt or other liabilities or financial obligations (other than those
described in clause (i) above), except (A) nonconsensual obligations imposed by operation of
law, (B) pursuant to the Loan Documents to which it is a party or (C) obligations with
respect to its Stock and Stock Equivalents, or (iii) own, lease manage or otherwise operate
any properties or assets (including cash (other than cash received in connection with
dividends made by the Borrower in accordance with Section 5.02(i)(iii), (iv) or (v) pending
application in the manner contemplated by said Section) and cash equivalents) other than the
ownership of Stock or Stock Equivalents of the Borrower.

     (i) Dividends. No Loan Party will declare or pay any dividends (other than
dividends payable solely in its Stock) or return any capital, or permit any of its
Subsidiaries to pay any dividends (other than dividends payable solely in its Stock) or
return any capital, to its stockholders or make any other distribution, payment or delivery
of property or cash to its stockholders as such, or redeem, retire, purchase or otherwise
acquire, directly or indirectly, for consideration, any shares of any class of its Stock or
Stock Equivalents or the Stock or Stock Equivalents of any direct or indirect parent now or
hereafter outstanding, or set aside any funds for any of the foregoing purposes, or permit
any of the Subsidiaries to purchase or otherwise acquire for consideration any Stock or
Stock Equivalents of the Borrower, now or hereafter outstanding (all of the foregoing
“dividends”), other than (i) dividends paid to the Borrower or a Guarantor, (ii) dividends
paid from a non-Guarantor Subsidiary to another non-Guarantor Subsidiary, (iii) dividends
paid by U.S. Inc. to its direct parent, which dividends are immediately paid by such parent
to a Loan Party, (iv) dividends paid to Holdings or its Subsidiaries in connection with tax
planning in the ordinary course of business and (v) other dividends so long as, at the time
of and immediately after giving effect to such dividend, (A) the Consolidated Debt to EBITDA
Ratio (on a pro forma basis after having given effect to such dividend), is less than 2.00
to 1.00, (B) no Default or Event of Default exists or would result from such dividend and
(C) Parent shall not be in default in the payment of any amount in respect of any Debt or
any other monetary liability in an amount of $35,000,000 or more.

     (j) Subordinated Indebtedness. All Debt owing from any Loan Party to Parent
shall be subordinated to the obligations of such Loan Party hereunder on terms reasonably
satisfactory to the Agent, which terms, in any event, shall prohibit any payments with
respect to such Debt after and during the continuance of an Event of Default hereunder.

          SECTION 5.03. Financial Covenants. So long as any Advance shall remain unpaid, and
Letter of Credit is outstanding or any Lender shall have any Commitment hereunder, the Borrower
will:

     (a) Debt to EBITDA Ratio. Maintain, as of the end of each fiscal quarter, a
Consolidated Debt to EBITDA Ratio of not greater than 2.50 to 1.00.

     (b) Interest Coverage Ratio. Maintain, as of the end of each fiscal quarter, a
ratio of (i) Consolidated EBITDA of the Borrower and its Consolidated Subsidiaries for the
period of four fiscal quarters then ended to (ii) Consolidated Interest Expense during such
period by the Borrower and its Consolidated Subsidiaries, of not less than 3.50 to 1.00;
provided, that for purposes of calculating Interest Expense for the Borrower and its
Subsidiaries for any period, the Interest Expense of any Person (or assets or division of
such Person) acquired by the Borrower or any of its Subsidiaries during such period shall be
included on a pro forma basis for such period (assuming the consummation of such acquisition
occurred on the first day of such period).

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ARTICLE VI

EVENTS OF DEFAULT

          SECTION 6.01. Events of Default. If any of the following events (“Events of
Default”) shall occur and be continuing:

     (a) The Borrower shall fail to pay any principal of any Advance when the same becomes
due and payable; or the Borrower shall fail to pay any interest on any Advance or make any
other payment of fees or other amounts payable under this Agreement or any Note within three
Business Days after the same becomes due and payable; or

     (b) Any representation or warranty made by any Loan Party herein or by any Loan Party
(or any of their respective officers) in connection with this Agreement shall prove to have
been incorrect in any material respect when made; or

     (c) (i) Any Loan Party shall fail to perform or observe any term, covenant or agreement
contained in Section 2.19(b)(ii)(A), 5.01(d), (h) or (i), 5.01(j)(iv) or (vi), 5.02 or 5.03,
(ii) any Loan Party shall fail to perform or observe any term, covenant or agreement
contained in Section 5.01(j)(i), (ii) or (iii) and such failure shall remain unremedied for
15 days after written notice thereof shall have been given to the Borrower by the Agent or
any Lender or (iii) any Loan Party shall fail to perform or observe any other term, covenant
or agreement contained in this Agreement on its part to be performed or observed if such
failure shall remain unremedied for 30 days after written notice thereof shall have been
given to the Borrower by the Agent or any Lender; or

     (d) Holdings or any of its Subsidiaries shall fail to pay any principal of or premium
or interest on any Debt that is outstanding in a principal or, in the case of Hedge
Agreements net amount, of at least $35,000,000 in the aggregate (but excluding Debt
outstanding hereunder) of Holdings or such Subsidiary (as the case may be), when the same
becomes due and payable (whether by scheduled maturity, required prepayment, acceleration,
demand or otherwise), and such failure shall continue after the applicable grace period, if
any, specified in the agreement or instrument relating to such Debt; or any other event
shall occur or condition shall exist under any agreement or instrument relating to any such
Debt and shall continue after the applicable grace period, if any, specified in such
agreement or instrument, if the effect of such event or condition is to accelerate, or to
permit the acceleration of, the maturity of such Debt; or any such Debt shall be declared to
be due and payable, or required to be prepaid or redeemed (other than by a regularly
scheduled required prepayment or redemption), required to be purchased or defeased (other
than cash collateralization of letter of credit obligations), or an offer to prepay, redeem,
purchase or defease such Debt shall be required to be made, in each case prior to the stated
maturity thereof; or

     (e) Holdings or any of its Subsidiaries shall generally not pay its debts as such debts
become due, or shall admit in writing its inability to pay its debts generally, or shall
make a general assignment for the benefit of creditors; or any proceeding shall be
instituted by or against Parent or any of its Subsidiaries (other than Immaterial
Subsidiaries) seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation,
winding up, reorganization, arrangement, adjustment, protection, relief, or composition of
it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief
of debtors, or seeking the entry of an order for relief or the appointment of a receiver,
trustee, custodian or other similar official for it or for any substantial part of its
property and, in the case of any such proceeding instituted against it (but not

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instituted
by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days,
or any of the actions sought in such proceeding (including, without limitation, the entry of
an order for relief against, or the appointment of a receiver, trustee, custodian or other
similar official for, it or for any substantial part of its property) shall occur; or Parent
or any of its Subsidiaries (other than Immaterial Subsidiaries) shall take any corporate
action to authorize any of the actions set forth above in this subsection (e); or

     (f) Judgments or orders for the payment of money in excess of $35,000,000 in the
aggregate, to the extent not covered by a valid and binding policy of insurance between the
defendant and the insurer covering payment thereof, shall be rendered against Holdings or
any of its Subsidiaries and either (i) enforcement proceedings shall have been commenced by
any creditor upon such judgment or order or (ii) there shall be any period of 30 consecutive
days
during which a stay of enforcement of such judgment or order, by reason of a pending
appeal or otherwise, shall not be in effect; or

     (g) a Change of Control shall have occurred;

     (h) Holdings or any of its ERISA Affiliates shall incur, or shall be reasonably likely
to incur liability which could reasonably be expected, individually or in the aggregate, to
have a Material Adverse Effect as a result of one or more of the following: (i) the
occurrence of any ERISA Event; or (ii) the partial or complete withdrawal of Holdings or any
of its ERISA Affiliates from, or the termination, insolvency, reorganization or windup of, a
Foreign Plan which is a defined benefit pension plan; or

     (i) Any Guaranty provided by any Guarantor or any material provision thereof shall
cease to be in full force or effect or any such Guarantor thereunder or any Loan Party shall
deny or disaffirm in writing any such Guarantor’s obligations under any such Guaranty or
(ii) this Agreement or any other Loan Document ceases to be in full force or effect or any
Loan Party shall deny or disaffirm in writing any such Loan Party’s obligations under any
such Loan Document;

then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the
Required Lenders, by notice to the Borrower, declare the obligation of each Lender to make Advances
(other than Advances by an Issuing Bank or a Lender pursuant to Section 2.03(c)) and of the Issuing
Banks to issue Letters of Credit to be terminated, whereupon the same shall forthwith terminate,
and (ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the
Borrower, declare the Advances, all interest thereon and all other amounts payable under this
Agreement to be forthwith due and payable, whereupon the Advances, all such interest and all such
amounts shall become and be forthwith due and payable, without presentment, demand, protest or
further notice of any kind, all of which are hereby expressly waived by the Borrower;
provided, however, that in the event of an actual or deemed entry of an order for
relief with respect to the Borrower under any Bankruptcy Law, (A) the obligation of each Lender to
make Advances (other than Advances by an Issuing Bank or a Lender pursuant to Section 2.03(c)) and
of the Issuing Banks to issue Letters of Credit shall automatically be terminated and (B) the
Advances, all such interest and all such amounts shall automatically become and be due and payable,
without presentment, demand, protest or any notice of any kind, all of which are hereby expressly
waived by the Borrower.

          SECTION 6.02. Actions in Respect of the Letters of Credit upon Default. If any Event
of Default shall have occurred and be continuing, the Agent may with the consent, or shall at the
request, of the Required Lenders, irrespective of whether it is taking any of the actions described
in Section 6.01 or otherwise, make demand upon the Borrower to, and forthwith upon such demand the
Borrower will, (a)

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pay to the Agent on behalf of the Lenders in same day funds at the Agent’s
office designated in such demand, for deposit in the L/C Cash Deposit Account, an amount equal to
105% of the aggregate Available Amount of all Letters of Credit then outstanding or (b) make such
other arrangements in respect of the outstanding Letters of Credit as shall be acceptable to the
Required Lenders and not more disadvantageous to the Borrower than clause (a); provided,
however, that in the event of an actual or deemed entry of an order for relief with respect
to the Borrower under any Bankruptcy Law, an amount equal to the aggregate Available Amount of all
outstanding Letters of Credit shall be immediately due and payable to the Agent for the account of
the Lenders without notice to or demand upon the Borrower, which are expressly waived by the
Borrower, to be held in the L/C Cash Deposit Account. If at any time an Event of Default is
continuing the Agent determines that any funds held in the L/C Cash Deposit Account are subject to
any right or claim of any Person other than the Agent and the Lenders or that the total amount of
such funds is less than the aggregate Available Amount of all Letters of Credit, the
Borrower will, forthwith upon demand by the Agent, pay to the Agent, as additional funds to be
deposited and held in the L/C Cash Deposit Account, an amount equal to the excess of (a) such
aggregate Available Amount over (b) the total amount of funds, if any, then held in the L/C Cash
Deposit Account that the Agent determines to be free and clear of any such right and claim. Upon
the drawing of any Letter of Credit, to the extent funds are on deposit in the L/C Cash Deposit
Account, such funds shall be applied to reimburse the Issuing Banks to the extent permitted by
applicable law. After all such Letters of Credit shall have expired or been fully drawn upon and
all other obligations of the Borrower hereunder and under the Notes shall have been paid in full,
the balance, if any, in such L/C Cash Deposit Account shall be returned to the Borrower.

ARTICLE VII

GUARANTY

          SECTION 7.01. Unconditional Guaranty. The Guarantors hereby absolutely,
unconditionally and irrevocably guarantee the punctual payment when due, whether at scheduled
maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all
obligations of the Borrower now or hereafter existing under or in respect of this Agreement and the
Notes (including, without limitation, any extensions, modifications, substitutions, amendments or
renewals of any or all of the foregoing obligations), whether direct or indirect, absolute or
contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of
action, costs, expenses or otherwise (such obligations being the “Obligations”), and agree
to pay any and all expenses (including, without limitation, reasonable fees and expenses of
counsel) incurred by the Agent or any Lender in enforcing any rights under this Agreement. Without
limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts
that constitute part of the Obligations and would be owed by the Borrower to the Agent or any
Lender under or in respect of this Agreement and the Notes but for the fact that they are
unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar
proceeding involving the Borrower. This Guaranty constitutes a guaranty of payment and not of
collection.

          SECTION 7.02. Guaranty Absolute. (a) The Guarantors guarantee that the Obligations
will be paid strictly in accordance with the terms of this Agreement and the Notes, regardless of
any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such
terms or the rights of the Agent or any Lender with respect thereto. The obligations of each
Guarantor under or in respect of this Guaranty are independent of the Obligations or any other
obligations of the Borrower under or in respect of this Agreement and the Notes, and a separate
action or actions may be brought and prosecuted against each Guarantor to enforce this Guaranty,
irrespective of whether any action is brought against the Borrower or whether the Borrower is
joined in any such action or actions. The liability of each Guarantor under this Guaranty shall be
irrevocable, absolute and unconditional irrespective of, and each Guarantor

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hereby irrevocably
waives any defenses it may now have or hereafter acquire in any way relating to, any or all of the
following:

     (a) any lack of validity or enforceability of this Agreement, any Note or any agreement
or instrument relating thereto;

     (b) any change in the time, manner or place of payment of, or in any other term of, all
or any of the Obligations or any other obligations of the Borrower under or in respect of
this Agreement and the Notes, or any other amendment or waiver of or any consent to
departure from this Agreement or any Note, including, without limitation, any increase in
the Obligations resulting from the extension of additional credit to the Borrower or any of
its Subsidiaries or otherwise;

     (c) any taking, exchange, release or non-perfection of any collateral, or any taking,
release or amendment or waiver of, or consent to departure from, any other guaranty, for all
or any of the Obligations;

     (d) any manner of application of any collateral, or proceeds thereof, to all or any of
the Obligations, or any manner of sale or other disposition of any collateral for all or any
of the Obligations or any other obligations of the Borrower under this Agreement and the
Notes or any other assets of the Borrower or any of its Subsidiaries;

     (e) any change, restructuring or termination of the corporate structure or existence of
the Borrower or any of its Subsidiaries;

     (f) any failure of the Agent or any Lender to disclose to the Guarantors any
information relating to the business, condition (financial or otherwise), operations,
performance, properties or prospects of the Borrower now or hereafter known to the Agent or
such Lender (the Borrower waiving any duty on the part of the Agent and the Lenders to
disclose such information);

     (g) the failure of any other Person to execute or deliver this Guaranty or any other
guaranty or agreement or the release or reduction of liability of the Guarantors or other
guarantor or surety with respect to the Obligations; or

     (h) any other circumstance (including, without limitation, any statute of limitations)
or any existence of or reliance on any representation by the Agent or any Lender that might
otherwise constitute a defense available to, or a discharge of, the Borrower or any other
guarantor or surety.

This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time
any payment of any of the Obligations is rescinded or must otherwise be returned by the Agent or
any Lender or any other Person upon the insolvency, bankruptcy or reorganization of the Borrower or
otherwise, all as though such payment had not been made.

          SECTION 7.03. Waivers and Acknowledgments. (a) Each Guarantor hereby
unconditionally and irrevocably waives promptness, diligence, notice of acceptance, presentment,
demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and
any other notice with respect to any of the Obligations and this Guaranty and any requirement that
the Agent or any Lender protect, secure, perfect or insure any Lien or any property subject thereto
or exhaust any right or take any action against the Borrower or any other Person or any collateral.

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     (b) Each Guarantor hereby unconditionally and irrevocably waives any right to revoke
this Guaranty and acknowledges that this Guaranty is continuing in nature and applies to all
Obligations, whether existing now or in the future.

     (c) Each Guarantor hereby unconditionally and irrevocably waives (i) any defense
arising by reason of any claim or defense based upon an election of remedies by the Agent or
any Lender that in any manner impairs, reduces, releases or otherwise adversely affects the
subrogation, reimbursement, exoneration, contribution or indemnification rights of any
Guarantor to proceed against the Borrower, any other guarantor or any other Person or any
collateral and (ii) any defense based on any right of set-off or counterclaim against or in
respect of the obligations of any Guarantor hereunder.

     (d) Each Guarantor hereby unconditionally and irrevocably waives any duty on the part
of the Agent or any Lender to disclose to such Guarantor any matter, fact or thing relating
to the business, condition (financial or otherwise), operations, performance, properties or
prospects of the Borrower or any of its Subsidiaries now or hereafter known by the Agent or
such Lender.

     (e) Each Guarantor acknowledges that it will receive substantial direct and indirect
benefits from the financing arrangements contemplated by this Agreement and the Notes and
that the waivers set forth in Section 7.02 and this Section 7.03 are knowingly made in
contemplation of such benefits.

          SECTION 7.04. Subrogation. Each Guarantor hereby unconditionally and irrevocably
agrees not to exercise any rights that it may now have or hereafter acquire against the Borrower or
any other Guarantor that arise from the existence, payment, performance or enforcement of such
Guarantors’ obligations under or in respect of this Guaranty, including, without limitation, any
right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to
participate in any claim or remedy of the Agent or any Lender against the Borrower or any other
Guarantor or any collateral, whether or not such claim, remedy or right arises in equity or under
contract, statute or common law, including, without limitation, the right to take or receive from
the Borrower or any other Guarantor, directly or indirectly, in cash or other property or by
set-off or in any other manner, payment or security on account of such claim, remedy or right,
unless and until all of the Obligations and all other amounts payable under this Guaranty shall
have been paid in full in cash, all Letters of Credit shall have expired or been terminated and the
Commitments shall have expired or been terminated. If any amount shall be paid to any Guarantor in
violation of the immediately preceding sentence at any time prior to the latest of (a) the payment
in full in cash of the Obligations and all other amounts payable under this Guaranty, (b) the
Termination Date and (c) the latest date of expiration or termination of all Letters of Credit,
such amount shall be received and held in trust for the benefit of the Agent and the Lenders, shall
be segregated from other property and funds of such Guarantor and shall forthwith be paid or
delivered to the Agent in the same form as so received (with any necessary endorsement or
assignment) to be credited and applied to the Obligations and all other amounts payable under this
Guaranty, whether matured or unmatured, in accordance with the terms of this Agreement and the
Notes, or to be held as collateral for any Obligations or other amounts payable under this Guaranty
thereafter arising. If (i) any Guarantor shall make payment to the Agent or any Lender of all or
any part of the Obligations, (ii) all of the Obligations and all other amounts payable under this
Guaranty shall have been paid in full in cash, (iii) the Termination Date shall have occurred and
(iv) all Letters of Credit shall have expired or been terminated, the Agent and the Lenders will,
at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate
documents, without recourse and without representation or warranty, necessary to evidence the
transfer by subrogation to such Guarantor of an interest in the Obligations resulting from such
payment made by such Guarantor pursuant to this Guaranty.

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          SECTION 7.05. Continuing Guaranty; Assignments. This Guaranty is a continuing
guaranty and shall (a) remain in full force and effect until the latest of (i) the payment in full
in cash of the Obligations and all other amounts payable under this Guaranty, (ii) the Termination
Date and (iii) the latest date of expiration or termination of all Letters of Credit, (b) be
binding upon each Guarantor, its successors and assigns and (c) inure to the benefit of and be
enforceable by the Agent and the Lenders and their successors, transferees and assigns. Without
limiting the generality of clause (c) of the immediately preceding sentence, the Agent or any
Lender may assign or otherwise transfer all or any portion of its rights and obligations under this
Agreement (including, without limitation, all or any portion of its Commitments, the Advances owing
to it and the Note or Notes held by it) to any other Person, and such other Person shall thereupon
become vested with all the benefits in respect thereof granted to the Agent or such Lender herein
or otherwise, in each case as and to the extent provided in Section 9.07.

          SECTION 7.06. Limitation of Guaranty. Any term or provision of this Guaranty or any
other Loan Document to the contrary notwithstanding, the maximum aggregate amount of the
Obligations for which any Subsidiary Guarantor shall be liable shall not exceed the maximum amount
for which such Subsidiary Guarantor can be liable without rendering this Guaranty, this Agreement
or any other Loan Document, as it relates to such Subsidiary Guarantor, subject to avoidance under
applicable law relating to fraudulent conveyance or fraudulent transfer (including Section 548 of
the Bankruptcy Code or any applicable provisions of comparable state law) (collectively,
“Fraudulent Transfer Laws”), in each case after giving effect (a) to all other liabilities
of such Subsidiary Guarantor, contingent or otherwise, that are relevant under such Fraudulent
Transfer Laws (specifically excluding, however, any liabilities of such Subsidiary Guarantor in
respect of intercompany Debt to the Borrower to the extent that such Debt would be discharged in an
amount equal to the amount paid by such Subsidiary Guarantor hereunder) and (b) to the value as
assets of such Subsidiary Guarantor (as determined under the applicable provisions of such
Fraudulent Transfer Laws) of any rights to subrogation, contribution, reimbursement, indemnity or
similar rights held by such Subsidiary Guarantor pursuant to (i) applicable federal, state, local
and foreign laws, rules and regulations, orders, judgments, decrees and other determinations of any
Governmental Authority or arbitrator and common law, or (ii) any other obligation, agreement,
undertaking or similar provisions of any security or any agreement, undertaking, contract, lease,
indenture, mortgage, deed of trust or other instrument (excluding a Loan Document) providing for an
equitable allocation among such Subsidiary Guarantor and other Subsidiaries or Affiliates of the
Borrower of obligations arising under this Guaranty or other guaranties of the Obligations by such
parties.

ARTICLE VIII

THE AGENT

          SECTION 8.01. Authorization and Authority. Each Lender hereby irrevocably appoints
Citi International 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 and the Lenders, and neither the Borrower nor other Loan Party shall have rights as a third
party beneficiary of any of such provisions.

          SECTION 8.02. Agent Individually. (a) 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

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business with the Borrower 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.

          (b) Each Lender understands that the Person serving as Agent, acting in its individual
capacity, and its Affiliates (collectively, the “Agent’s Group”) are engaged in a wide
range of financial services and businesses (including investment management, financing, securities
trading, corporate and investment banking and research) (such services and businesses are
collectively referred to in this Section 8.02 as “Activities”) and may engage in the
Activities with or on behalf of one or more of the Loan Parties or their respective Affiliates.
Furthermore, the Agent’s Group may, in undertaking the Activities, engage in trading in financial
products or undertake other investment businesses for its own account or on behalf of others
(including the Loan Parties and their Affiliates and including holding, for its own account or on
behalf of others, equity, debt and similar positions in the Borrower, another Loan Party or their
respective Affiliates), including trading in or holding long, short or derivative positions in
securities, loans or other financial products of one or more of the Loan Parties and their
Affiliates . Each Lender understands and agrees that in engaging in the Activities, the Agent’s
Group may receive or otherwise obtain information concerning the Loan Parties and their Affiliates
(including information concerning the ability of the Loan Parties to perform their respective
obligations hereunder and under the other Loan Documents) which information may not be available to
any of the Lenders that are not members of the Agent’s Group. None of the Agent nor any member of
the Agent’s Group shall have any duty to disclose to any Lender or use on behalf of the Lenders,
and shall not be liable for the failure to so disclose or use, any information whatsoever about or
derived from the Activities or otherwise (including any information concerning the business,
prospects, operations, property, financial and other condition or creditworthiness of any Loan
Party or any Affiliate thereof) or to account for any revenue or profits obtained in connection
with the Activities, except that the Agent shall deliver or otherwise make available to each Lender
such documents as are expressly required by any Loan Document to be transmitted by the Agent to the
Lenders. In acting as agent hereunder, the Agent shall be regarded as acting through its agency
division which shall be treated as a separate division from any other of its divisions or
departments and, notwithstanding the foregoing provisions of this Article XIII, any information
received by some other division or department of the Agent may be treated as confidential and shall
not be regarded as having been given to the Agent’s agency division.

          (c) Each Lender further understands that there may be situations where members of the Agent’s
Group or their respective customers (including the Loan Parties and their Affiliates) either now
have or may in the future have interests or take actions that may conflict with the interests of
any one or more of the Lenders (including the interests of the Lenders hereunder or under the other
Loan Documents). Each Lender agrees that no member of the Agent’s Group is or shall be required to
restrict its activities as a result of the Person serving as Agent being a member of the Agent’s
Group, and that each member of the Agent’s Group may undertake any Activities without further
consultation with or notification to any Lender. None of (i) this Agreement nor any other Loan
Document, (ii) the receipt by the Agent’s Group of information (including Company Information)
concerning the Loan Parties and their Affiliates (including information concerning the ability of
the Loan Parties to perform their respective obligations hereunder and under the other Loan
Documents) nor (iii) any other matter shall give rise to any fiduciary, equitable or contractual
duties (including without limitation any duty of trust or confidence) owing by the Agent or any
member of the Agent’s Group to any Lender including any such duty that would prevent or restrict
the Agent’s Group from acting on behalf of customers (including the Loan Parties and their
Affiliates) or for its own account.

          SECTION 8.03. Duties of Agent; Exculpatory Provisions. (a) The Agent’s duties
hereunder and under the other Loan Documents are solely ministerial and administrative in nature
and 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 shall not
have any duty to

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take any discretionary action or exercise any discretionary powers, but shall be
required to act or refrain from acting (and shall be fully protected in so acting or refraining
from acting) upon the written direction of 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 will 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, including for the avoidance of doubt, any action that may be in violation of the
automatic stay under any debtor relief law or that may effect a forfeiture, modification or
termination of property of a Defaulting Lender in violation of any debtor relief law.

          (b) 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 9.01 or 6.01) 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 the event or
events that give or may give rise to any Default unless and until the Borrower or any Lender shall
have given notice to the Agent describing such Default and such event or events.

          (c) Neither the Agent nor any member of the Agent’s Group shall be responsible for or have any
duty to ascertain or inquire into (i) any statement, warranty, representation or other information
made or supplied in or in connection with this Agreement or the Information Memorandum, (ii) the
contents of any certificate, report or other document delivered hereunder or thereunder or in
connection herewith or therewith or the adequacy, accuracy and/or completeness of the information
contained therein, (iii) the performance or observance of any of the covenants, agreements or other
terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the
validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement,
instrument or document or the perfection or priority of any Lien created or purported to be created
hereby or (v) the satisfaction of any condition set forth in Article III or elsewhere herein, other
than (but subject to the foregoing clause (ii)) to confirm receipt of items expressly required to
be delivered to the Agent.

          (d) Nothing in this Agreement shall require the Agent or any of its Related Parties to carry
out any “know your customer” or other checks in relation to any person on behalf of any Lender and
each Lender confirms to the Agent that it is solely responsible for any such checks it is required
to carry out and that it may not rely on any statement in relation to such checks made by the Agent
or any of its Related Parties.

          (e) Nothing in this Agreement constitutes the Agent or any Arranger as a trustee or fiduciary
of any other person. Neither the Agent nor any Arranger shall be bound to account to the Lender
for any sum or the profit element of any sum received by it for its own account.

          (f) The Arrangers shall have no obligations or duties whatsoever in such capacity under this
Agreement or any other Loan Document and shall incur no liability hereunder or thereunder in such
capacity.

          SECTION 8.04. 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 an Advance, or the issuance of a Letter of Credit, that by its terms
must be fulfilled to the satisfaction of a Lender, the Agent

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may presume that such condition is
satisfactory to such Lender unless an officer of the Agent responsible for the transactions
contemplated hereby shall have received notice to the contrary from such Lender prior to the making
of such Advance or the issuance of such Letter of Credit, and in the case of a Borrowing, such
Lender shall not have made available to the Agent such Lender’s ratable portion of such Borrowing.
The Agent may consult with legal counsel (who may be counsel for the Borrower or any other Loan
Party), 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.

          SECTION 8.05. 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. Each such sub-agent and the Related Parties of the Agent and each such sub-agent shall be
entitled to the benefits of all
provisions of this Article VIII and Section 9.04 (as though such sub-agents were the
“Agent” hereunder) as if set forth in full herein with respect thereto.

          SECTION 8.06. Resignation of Agent. (a) The Agent may at any time give notice of
its resignation to the Lenders and the Borrower. Upon receipt of any such notice of resignation,
the Required Lenders shall have the right, in consultation with the Borrower, to appoint a
successor, which shall be a bank having a combined capital and surplus of at least $500,000,000 and
with an office in New York, New York, or an Affiliate of any such bank with an office in New York,
New York (or such other jurisdiction as is acceptable to the Required Lenders). If no such
successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within 30 days after the retiring Agent gives notice of its resignation (such 30-day
period, the “Lender Appointment Period”), then the retiring Agent may on behalf of the
Lenders, appoint a successor Agent meeting the qualifications set forth above. In addition and
without any obligation on the part of the retiring Agent to appoint, on behalf of the Lenders, a
successor Agent, the retiring Agent may at any time upon or after the end of the Lender Appointment
Period notify the Borrower and the Lenders that no qualifying Person has accepted appointment as
successor Agent and the effective date of such retiring Agent’s resignation. Upon the resignation
effective date established in such notice (which resignation effective date shall in any event
occur after the date that is 30 days after the date of such notice) and regardless of whether a
successor Agent has been appointed and accepted such appointment, the retiring Agent’s resignation
shall nonetheless become effective and (i) the retiring Agent shall be discharged from its duties
and obligations as Agent hereunder and (ii) all payments, communications and determinations
provided to be made by, to or through the Agent shall instead be made by or to each Lender
directly, until such time as the Required Lenders appoint a successor Agent as provided for above
in this paragraph. 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
as Agent of the retiring (or retired) Agent, and the retiring Agent shall be discharged from all of
its duties and obligations as Agent hereunder or under the other Loan Documents (if not already
discharged therefrom as provided above in this paragraph). The fees payable by the Borrower to a
successor Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrower and such successor. After the retiring Agent’s resignation hereunder and
under the other Loan Documents, the provisions of this Article and Section 9.04 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.

          (b) Any resignation pursuant to this Section by a Person acting as Agent shall, unless such
Person shall notify the Borrower and the Lenders otherwise, also act to relieve such Person and its
Affiliates of any obligation to advance or issue new, or extend existing, Letters of Credit where
such advance, issuance or extension is to occur on or after the effective date of such resignation.
Upon the

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acceptance of a successor’s appointment as Agent hereunder, (i) such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
Issuing Bank, (ii) the retiring Issuing Bank shall be discharged from all of its duties and
obligations hereunder and (iii) the successor Issuing Bank 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 Issuing Bank to effectively assume the obligations
of the retiring Issuing Bank with respect to such Letters of Credit.

          SECTION 8.07. Non-Reliance on Agent and Other Lenders. (a) Each Lender confirms to
the Agent, each other Lender and each of their respective Related Parties that it (i) possesses
(individually or through its Related Parties) such knowledge and experience in financial and
business matters that it is capable, without reliance on the Agent, any other Lender or any of
their respective Related Parties, of evaluating the merits and risks (including tax, legal,
regulatory, credit, accounting and
other financial matters) of (x) entering into this Agreement, (y) making Advances and other
extensions of credit hereunder and under the other Loan Documents and (z) in taking or not taking
actions hereunder and thereunder, (ii) is financially able to bear such risks and (iii) has
determined that entering into this Agreement and making Advances and other extensions of credit
hereunder and under the other Loan Documents is suitable and appropriate for it.

          (b) Each Lender acknowledges that (i) it is solely responsible for making its own independent
appraisal and investigation of all risks arising under or in connection with this Agreement and the
other Loan Documents, (ii) that it has, independently and without reliance upon the Agent, any
other Lender or any of their respective Related Parties, made its own appraisal and investigation
of all risks associated with, and its own credit analysis and decision to enter into, this
Agreement based on such documents and information, as it has deemed appropriate and (iii) it will,
independently and without reliance upon the Agent, any other Lender or any of their respective
Related Parties, continue to be solely responsible for making its own appraisal and investigation
of all risks arising under or in connection with, and its own credit analysis and decision to take
or not take action under, this Agreement and the other Loan Documents based on such documents and
information as it shall from time to time deem appropriate, which may include, in each case:

     (i) the financial condition, status and capitalization of the Loan Parties and their
Affiliates;

     (ii) the legality, validity, effectiveness, adequacy or enforceability of this
Agreement and each other Loan Document and any other agreement, arrangement or document
entered into, made or executed in anticipation of, under or in connection with any Loan
Document;

     (iii) determining compliance or non-compliance with any condition hereunder to the
making of an Advance, or the issuance of a Letter of Credit and the form and substance of
all evidence delivered in connection with establishing the satisfaction of each such
condition;

     (iv) the adequacy, accuracy and/or completeness of the Information Memorandum and any
other information delivered by the Agent, any other Lender or by any of their respective
Related Parties under or in connection with this Agreement or any other Loan Document, the
transactions contemplated hereby or any other agreement, arrangement or document entered
into, made or executed in anticipation of, under or in connection with any Loan Document.

          SECTION 8.08. Indemnification. (a) Each Lender severally agrees to indemnify the
Agent (to the extent not reimbursed by the Borrower) from and against such Lender’s pro rata share
(determined as provided below) of any and all liabilities, obligations, losses, damages, actions,
judgments,

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suits, costs, expenses or disbursements of any kind or nature whatsoever that may be
imposed on, incurred by, or asserted against the Agent (in its capacity as such) in any way
relating to or arising out of this Agreement or any action taken or omitted by the Agent (in its
capacity as such) under this Agreement (collectively, the “Indemnified Costs”),
provided that no Lender shall be liable for any portion of the Indemnified Costs resulting
from the Agent’s gross negligence or willful misconduct. Without limitation of the foregoing, each
Lender agrees to reimburse the Agent promptly upon demand for its pro rata Share of any reasonable
and documented out-of-pocket expenses (including reasonable counsel fees) incurred by the Agent (in
its capacity as such) in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, to
the extent that the Agent is not reimbursed for such expenses by the Borrower. In the case of any
investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 7.05(a)
applies whether any such investigation, litigation or proceeding is brought by the Agent, any
Lender or a third
party. For purposes of this Section 8.08(a), the Lenders’ respective pro rata shares of any
amount shall be determined, at any time, according to the sum of (i) the aggregate principal amount
of the Advances outstanding at such time and owing to the respective Lenders, (ii) their respective
pro rata shares of the aggregate Available Amount of all Letters of Credit outstanding at such time
and (iii) their respective Unused Revolving Credit Commitments at such time. Each Lender also
agrees not to assert any claim for special, indirect, consequential or punitive damages against the
Agent or any of its Affiliates, or any of their respective directors, officers, employees,
attorneys and agents, on any theory of liability, arising out of or otherwise relating to the
Notes, this Agreement, any of the transactions contemplated herein.

          (b) Each Lender severally agrees to indemnify the Issuing Banks (to the extent not promptly
reimbursed by the Borrower) from and against such Lender’s Ratable Share of any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted
against any such Issuing Bank (in its capacity as such) in any way relating to or arising out of
the Loan Documents or any action taken or omitted by such Issuing Bank (in its capacity as such)
hereunder or in connection herewith including, without limitation, any of the foregoing relating to
the violation of, non-compliance with or liability under any Environmental Law or to any actual or
alleged presence, release or threatened release of Hazardous Materials involving or attributable to
the Borrower or any of its Subsidiaries; provided, however, that no Lender shall be
liable for any portion of such liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting from such Issuing Bank’s gross
negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to
reimburse any such Issuing Bank promptly upon demand for its Ratable Share of any reasonable and
documented costs and expenses (including, without limitation, reasonable fees and expenses of
counsel) payable by the Borrower under Section 9.04, to the extent that such Issuing Bank is not
promptly reimbursed for such costs and expenses by the Borrower.

          (c) The failure of any Lender to reimburse the Agent or any Issuing Bank promptly upon demand
for its Ratable Share of any amount required to be paid by the Lenders to the Agent as provided
herein shall not relieve any other Lender of its obligation hereunder to reimburse the Agent or any
Issuing Bank for its Ratable Share of such amount, but no Lender shall be responsible for the
failure of any other Lender to reimburse the Agent or any Issuing Bank for such other Lender’s
applicable share of such amount. Without prejudice to the survival of any other agreement of any
Lender hereunder, the agreement and obligations of each Lender contained in this Section 8.08 shall
survive the payment in full of principal, interest and all other amounts payable hereunder and
under the Notes. Each of the Agent and each Issuing Bank agrees to return to the Lenders their
respective applicable shares of any amounts paid under this Section 8.08 that are subsequently
reimbursed by the Borrower.

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          SECTION 8.09. Other Agents. Anything herein to the contrary notwithstanding, none of
the Persons acting as bookrunners, arrangers, the documentation agent nor any other Lender
designated as any “Agent” listed on the cover page hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity,
as applicable, as the Agent or as a Lender hereunder.

          SECTION 8.10. Removal of Agent. Anything herein to the contrary notwithstanding, if
at any time the Required Lenders determine that the Person serving as Agent is (without taking into
account any provision in the definition of “Defaulting Lender” requiring notice from the Agent or
any other party) a Defaulting Lender pursuant to clause (v) of the definition thereof, the Required
Lenders (determined after giving effect to Section 9.01) may by notice to the Borrower and such
Person remove such Person as Agent and appoint a replacement Agent hereunder. Such removal will,
to the fullest extent permitted by applicable law, be effective on the earlier of (i) the date a
replacement Agent is
appointed and (ii) the date 30 days after the giving of such notice by the Required Lenders
(regardless of whether a replacement Agent has been appointed).

          SECTION 8.11. Force Majeure. Notwithstanding anything to the contrary in this
Agreement or in any other transaction document, the Agent shall not in any event be liable for any
loss or damage, or any failure or delay in the performance of its obligations hereunder if it is
prevented from so performing its obligations by any reason which is beyond the control of the
Agent, including, but not limited to, any existing or future law or regulation, any existing or
future act of governmental authority, act of god, flood, war whether declared or undeclared,
terrorism, riot, rebellion, civil commotion, strike, lockout, other industrial action, general
failure of electricity or other supply, aircraft collision, technical failure, accidental or
mechanical or electrical breakdown, computer failure or failure of any money transmission system or
any event where, in the reasonable opinion of the Agent, performance of any duty or obligation
under or pursuant to this Agreement would or may be illegal or would result in the Agent being in
breach of any law, rule, regulation, or any decree, order or judgment of any court, or practice,
request, direction, notice, announcement or similar action (whether or not having the force of law)
of any relevant government, government agency, regulatory authority, stock exchange or
self-regulatory organization to which the Agent is subject.

ARTICLE IX

MISCELLANEOUS

          SECTION 9.01. Amendments. No amendment or waiver of any provision of this Agreement
or the Notes, nor consent to any departure by the Borrower therefrom, shall in any event be
effective unless the same shall be in writing and signed by the Required Lenders, and then such
waiver or consent shall be effective only in the specific instance and for the specific purpose for
which given; provided, however, that (a) no amendment, waiver or consent shall,
unless in writing and signed by all the Lenders, do any of the following: (i) waive any of the
conditions specified in Section 3.01, (ii) change the percentage of the Commitments or of the
aggregate unpaid principal amount of the Advances, or the number of Lenders, that shall be required
for the Lenders or any of them to take any action hereunder, (iii) amend this Section 9.01 or (iv)
release all or substantially all of the Guarantors from their obligations under Article VII, (b) no
amendment, waiver or consent shall, unless in writing and signed by each Lender affected hereby, do
any of the following: (i) increase the Commitments of the Lenders other than in accordance with
Section 2.18, (ii) reduce the principal of, or rate of interest on, the Advances or any fees or
other amounts payable hereunder, (iii) postpone any date fixed for any payment of principal of, or
interest on, the Advances or any fees or other amounts payable hereunder, or (iv) extend the
expiration date of any Letter of Credit to a date later than the final Termination Date and (c) no
amendment, waiver or consent shall, unless in writing and signed by each extending Lender, extend
the expiration of any

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Commitment of such Lenders; and provided further that (x) no
amendment, waiver or consent shall, unless in writing and signed by the Agent in addition to the
Lenders required above to take such action, affect the rights or duties of the Agent under this
Agreement or any Note; and (y) no amendment, waiver or consent shall, unless in writing and signed
by the Issuing Banks in addition to the Lenders required above to take such action, adversely
affect the rights or obligations of the Issuing Banks in their capacities as such under this
Agreement. Anything herein to the contrary notwithstanding, during such period as a Lender is a
Defaulting Lender, to the fullest extent permitted by applicable law, such Lender will not be
entitled to vote in respect of amendments and waivers hereunder and the Commitment and the
outstanding Advances or other extensions of credit of such Lender hereunder will not be taken into
account in determining whether the Required Lenders or all of the Lenders, as required, have
approved any such amendment or waiver (and the definition of “Required Lenders” will automatically
be deemed modified accordingly for the duration of such period); provided, that any such
amendment or waiver that would increase or extend the term of the Commitment of such Defaulting
Lender, extend the date fixed
for the payment of principal or interest owing to such Defaulting Lender hereunder, reduce the
principal amount of any obligation owing to such Defaulting Lender, reduce the amount of or the
rate or amount of interest on any amount owing to such Defaulting Lender or of any fee payable to
such Defaulting Lender hereunder, or alter the terms of this proviso, will require the consent of
such Defaulting Lender.

          SECTION 9.02. Notices. (a) All notices, demands, requests, consents and other
communications provided for in this Agreement shall be given in writing, or by any
telecommunication device capable of creating a written record (including electronic mail), and
addressed to the party to be notified as follows:

	 	(i)	 	if to the Borrower or any other Loan Party,
	 
	 	 	 	Avago Technologies Finance Pte. Ltd.

1 Yishun Avenue 7

Singapore 768923

Attention of: Desmond Lim

Telecopier No.: (65) 6215 4599

E-Mail Address: desmondlim@avagotech.com, pdl-treasury@avagotech.com
	 
	 	(ii)	 	if to the Agent,

Citicorp International Limited

9th Floor, Two Harbourfront

22 Tak Fung Street

Hung Hom, Kowloon, Hong Kong

Attn: Regional Loans Agency
	 
	 	(iii)	 	if to the Initial Issuing Bank,

Citibank, N.A.

Building #3, 1615 Brett Road

New Castle, DE 19720

Attn: Bank Loan Syndications

Tel: 302 894-6010

Fax: 212 994-0961

     (iv) if to any Initial Lender, at its Base Rate Lending Office specified opposite its
name on Schedule I hereto; if to any other Lender, at its Base Rate Lending Office specified
in

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Avago Credit Agreement

the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a
Lender;

or at such other address as shall be notified in writing (x) in the case of the Borrower, the
Agent, to the other parties and (y) in the case of all other parties, to the Borrower and the
Agent.

          (b) All notices, demands, requests, consents and other communications described in clause (a)
shall be effective (i) if delivered by hand, including any overnight courier service, upon personal
delivery, (ii) if delivered by mail, when deposited in the mails, (iii) if delivered by posting to
an Approved Electronic Platform, an Internet website or a similar telecommunication device
requiring that a user have prior access to such Approved Electronic Platform, website or other
device (to the extent permitted by Section 9.02(d) to be delivered thereunder), when such notice,
demand, request, consent and other communication shall have been made generally available on such
Approved Electronic Platform,
Internet website or similar device to the class of Person being notified (regardless of
whether any such Person must accomplish, and whether or not any such Person shall have
accomplished, any action prior to obtaining access to such items, including registration,
disclosure of contact information, compliance with a standard user agreement or undertaking a duty
of confidentiality) and such Person has been notified in respect of such posting that a
communication has been posted to the Approved Electronic Platform and (iv) if delivered by
electronic mail or any other telecommunications device, when transmitted to an electronic mail
address (or by another means of electronic delivery) as provided in clause (a); provided,
however, that notices and communications to the Agent pursuant to Article II or Article VIII shall
not be effective until received by the Agent.

          (c) Notwithstanding clauses (a) and (b) (unless the Agent requests that the provisions of
clause (a) and (b) be followed) and any other provision in this Agreement or any other Loan
Document providing for the delivery of any Approved Electronic Communication by any other means,
the Loan Parties shall deliver all Approved Electronic Communications to the Agent by properly
transmitting such Approved Electronic Communications in an electronic/soft medium in a format
acceptable to the Agent to oploanswebadmin@citigroup.com or such other electronic mail address (or
similar means of electronic delivery) as the Agent may notify to the Borrower. Nothing in this
clause (c) shall prejudice the right of the Agent or any Lender to deliver any Approved Electronic
Communication to any Loan Party in any manner authorized in this Agreement or to request that the
Borrower effect delivery in such manner

          (d) Posting of Approved Electronic Communications. (i) Each Lender and each Loan
Party agrees that the Agent may, but shall not be obligated to, make the Approved Electronic
Communications available to the Lenders by posting such Approved Electronic Communications on Debt
Domain or a substantially similar electronic platform chosen by the Agent to be its electronic
transmission system (the “Approved Electronic Platform”).

          (ii) Although the Approved Electronic Platform and its primary web portal are secured with
generally-applicable security procedures and policies implemented or modified by the Agent from
time to time (including, as of the Effective Date, a dual firewall and a User ID/Password
Authorization System) and the Approved Electronic Platform is secured through a
single-user-per-deal authorization method whereby each user may access the Approved Electronic
Platform only on a deal-by-deal basis, each Lender and each Loan Party acknowledges and agrees that
the distribution of material through an electronic medium is not necessarily secure and that there
are confidentiality and other risks associated with such distribution. In consideration for the
convenience and other benefits afforded by such distribution and for the other consideration
provided hereunder, the receipt and sufficiency of which is hereby acknowledged, each Lender and
each Loan Party hereby approves distribution of the Approved Electronic Communications through the
Approved Electronic Platform and understands and assumes the risks of such distribution.

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          (iii) THE APPROVED ELECTRONIC PLATFORM AND THE APPROVED ELECTRONIC COMMUNICATIONS ARE PROVIDED
“AS IS” AND “AS AVAILABLE”. NONE OF THE AGENT NOR ANY OTHER MEMBER OF THE AGENT’S
GROUP WARRANT THE ACCURACY, ADEQUACY OR COMPLETENESS OF THE APPROVED ELECTRONIC COMMUNICATIONS OR
THE APPROVED ELECTRONIC PLATFORM AND EACH EXPRESSLY DISCLAIMS ANY LIABILITY FOR ERRORS OR OMISSIONS
IN THE APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. NO WARRANTY OF ANY
KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR
FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH THE
APPROVED ELECTRONIC COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM.

          (iv) Each Lender and each Loan Party agrees that the Agent may, but (except as may be
required by applicable law) shall not be obligated to, store the Approved Electronic Communications
on the Approved Electronic Platform in accordance with the Agent’s generally-applicable document
retention procedures and policies.

          SECTION 9.03. No Waiver; Remedies. No failure on the part of any Lender or the Agent
to exercise, and no delay in exercising, any right hereunder or under any Note shall operate as a
waiver thereof; nor shall any single or partial exercise of any such right preclude any other or
further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law.

          SECTION 9.04. Costs and Expenses. (a) The Borrower agrees to pay on demand all
reasonable costs and expenses of the Agent in connection with the preparation, execution, delivery,
administration, modification and amendment of this Agreement, the Notes and the other documents to
be delivered hereunder, including, without limitation, (A) all computer, duplication, appraisal,
consultant, and audit expenses and (B) the reasonable fees and expenses of one counsel for the
Agent in each relevant jurisdiction with respect thereto and with respect to advising the Agent as
to its rights and responsibilities under this Agreement. The Borrower further agrees to pay on
demand all costs and expenses of the Agent and the Lenders, if any (including, without limitation,
reasonable counsel fees and expenses), in connection with the enforcement (whether through
negotiations, legal proceedings or otherwise) of this Agreement, the Notes and the other documents
to be delivered hereunder, including, without limitation, reasonable fees and expenses of counsel
for the Agent and each Lender in connection with the enforcement of rights under this Section
9.04(a).

          (b) The Borrower agrees to indemnify and hold harmless the Agent and each Lender and each of
their Affiliates and their officers, directors, employees, agents and advisors (each, an
“Indemnified Party”) from and against any and all claims, damages, losses, liabilities and
expenses (including, without limitation, reasonable fees and expenses of counsel) incurred by or
asserted or awarded against any Indemnified Party, in each case arising out of or in connection
with or by reason of (including, without limitation, in connection with any investigation,
litigation or proceeding or preparation of a defense in connection therewith) (i) the Notes, this
Agreement, any of the transactions contemplated herein or the actual or proposed use of the
proceeds of the Advances or Letters of Credit or (ii) the actual or alleged presence of Hazardous
Materials on any property of the Borrower or any of its Subsidiaries or any Environmental Action
relating in any way to the Borrower or any of its Subsidiaries, except, with respect to any
Indemnified Party, to the extent such claim, damage, loss, liability or expense is determined in a
final and non-appealable judgment by a court of competent jurisdiction to have resulted from such
Indemnified Party’s gross negligence or willful misconduct. In the case of an investigation,
litigation or other proceeding to which the indemnity in this Section 9.04(b) applies, such
indemnity shall

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be effective whether or not such investigation, litigation or proceeding is brought
by the Borrower, its directors, equityholders or creditors or an Indemnified Party or any other
Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the
transactions contemplated hereby are consummated. The Borrower also agrees not to assert any claim
for special, indirect, consequential or punitive damages against the Agent, any Lender, any of
their Affiliates, or any of their respective directors, officers, employees, attorneys and agents,
on any theory of liability, arising out of or otherwise relating to the Notes, this Agreement, any
of the transactions contemplated herein or the actual or proposed use of the proceeds of the
Advances.

          (c) If any payment of principal of, or Conversion of, any Eurocurrency Rate Advance is made by
the Borrower to or for the account of a Lender (i) other than on the last day of the Interest
Period for such Advance, as a result of a payment or Conversion pursuant to Section 2.08, 2.10 or
2.12, acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other reason,
or by an
Eligible Assignee to a Lender other than on the last day of the Interest Period for such
Advance upon an assignment of rights and obligations under this Agreement pursuant to Section 9.07
as a result of a demand by the Borrower pursuant to Section 9.07(a), or by an Assuming Lender to or
for the account of a Lender other than on the last day of the Interest Period for such Advance upon
a redistribution of Borrowings as a result of a Commitment Increase requested by the Borrower
pursuant to Section 2.18 or (ii) as a result of a payment or Conversion pursuant to Section 2.08,
2.10 or 2.12, Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent),
pay to the Agent for the account of such Lender any amounts required to compensate such Lender for
any additional losses, costs or expenses that it may reasonably incur as a result of such payment
or Conversion, including, without limitation, any loss (including loss of anticipated profits),
cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by any Lender to fund or maintain such Advance.

          (d) Without prejudice to the survival of any other agreement of the Borrower hereunder, the
agreements and obligations of the Borrower contained in Sections 2.11, 2.14 and 9.04 shall survive
the payment in full of principal, interest and all other amounts payable hereunder and under the
Notes.

          SECTION 9.05. Right of Set-off. Upon (i) the occurrence and during the continuance
of any Event of Default and (ii) the making of the request or the granting of the consent specified
by Section 6.01 to authorize the Agent to declare the Advances due and payable pursuant to the
provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time
and from time to time, 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 and other
indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account
of the Borrower against any and all of the obligations of the Borrower now or hereafter existing
under this Agreement and the Note held by such Lender, whether or not such Lender shall have made
any demand under this Agreement or such Note and although such obligations may be unmatured;
provided that in the event that any Defaulting Lender exercises any such right of setoff, (x) all
amounts so set off will be paid over immediately to the Agent for further application in accordance
with the provisions of Section 2.19(b) and, pending such payment, will be segregated by such
Defaulting Lender from its other funds and deemed held in trust for the benefit of the Agent, the
Issuing Banks and the Lenders and (y) the Defaulting Lender will provide promptly to the Agent a
statement describing in reasonable detail the obligations owing to such Defaulting Lender as to
which it exercised such right of setoff. Each Lender agrees promptly to notify the Borrower after
any such set-off and application, provided that the failure to give such notice shall not
affect the validity of such set-off and application. The rights of each Lender and its Affiliates
under this Section are in addition to other rights and remedies (including, without limitation,
other rights of set-off) that such Lender and its Affiliates may have.

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          SECTION 9.06. Binding Effect. This Agreement shall become effective (other than
Section 2.01, which shall only become effective upon satisfaction of the conditions precedent set
forth in Section 3.01) when it shall have been executed by the Borrower and the Agent and when the
Agent shall have been notified by each Initial Lender that such Initial Lender has executed it and
thereafter shall be binding upon and inure to the benefit of the Borrower, the Agent and each
Lender and their respective successors and assigns, except that the Borrower shall not have the
right to assign its rights hereunder or any interest herein without the prior written consent of
all of the Lenders.

          SECTION 9.07. Assignments and Participations. (a) Each Lender may assign to one or
more Eligible Assignees all or a portion of its rights and obligations under this Agreement
(including, without limitation, all or a portion of its Revolving Credit Commitment, its Unissued
Letter of Credit Commitment, the Advances owing to it, its participations in Letters of Credit and
the Note or Notes held by it); provided, however, that (i) each such assignment
shall be of a constant, and not a varying,
percentage of all rights and obligations under this Agreement, (ii) except in the case of an
assignment to a Person that, immediately prior to such assignment, was a Lender or an assignment of
all of a Lender’s rights and obligations under this Agreement, the amount of (x) the Revolving
Credit Commitment of the assigning Lender being assigned pursuant to each such assignment
(determined as of the date of the Assignment and Acceptance with respect to such assignment) shall
be $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) the Letter of Credit
Commitment of the assigning Issuing Bank being assigned pursuant to each such assignment
(determined as of the date of the Assignment and Acceptance with respect to such assignment) shall
be $5,000,000 or an integral multiple of $1,000,000 in excess thereof, in each case, unless the
Borrower and the Agent otherwise agree and (iii) the parties to each such assignment shall execute
and deliver to the Agent, for its acceptance and recording in the Register, an Assignment and
Acceptance, together with any Note subject to such assignment and a processing and recordation fee
of $3,500 payable by the parties to each such assignment, provided, however, that
in the case of each assignment made as a result of a demand by the Borrower, such recordation fee
shall be payable by the Borrower except that no such recordation fee shall be payable in the case
of an assignment made at the request of the Borrower to an Eligible Assignee that is an existing
Lender and provided further that no such assignment shall be made to any Defaulting
Lender or Potential Defaulting Lender or any of their respective subsidiaries, or any Person who,
upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this
clause. Upon such execution, delivery, acceptance and recording, from and after the effective date
specified in each Assignment and Acceptance, (x) the assignee thereunder shall be a party hereto
with respect to the interest assigned and, to the extent that rights and obligations hereunder have
been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of
a Lender hereunder, in addition to any rights and obligations theretofore held by it as a Lender,
and (y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder
have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other
than its rights under Sections 2.11, 2.14 and 9.04 to the extent any claim thereunder relates to an
event arising prior to such assignment) and be released from its obligations (other than its
obligations under Section 8.08 to the extent any claim thereunder relates to an event arising prior
to such assignment) under this Agreement (and, in the case of an Assignment and Acceptance covering
all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto). The assignee, if it is not a Lender, shall deliver
to the Agent an Administrative Questionnaire.

          In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment will be effective unless and until, in addition to the other
conditions thereto set forth herein, the parties to the assignment make such additional payments to
the Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be
outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of the Borrower and the Agent, the
applicable pro rata share of Advances

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previously requested but not funded by the Defaulting Lender,
to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and
satisfy in full all payment liabilities then owed by such Defaulting Lender to the Agent, the
Issuing Banks and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and
fund as appropriate) its full pro rata share of all Advances and participations in Letters of
Credit in accordance with its Revolving Credit Commitment. Notwithstanding the foregoing, in the
event that any assignment of rights and obligations of any Defaulting Lender hereunder becomes
effective under applicable law without compliance with the provisions of this paragraph, then the
assignee of such interest will be deemed to be a Defaulting Lender for all purposes of this
Agreement until such compliance occurs.

          (b) By executing and delivering an Assignment and Acceptance, the Lender assignor thereunder
and the assignee thereunder confirm to and agree with each other and the other parties hereto as
follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes
no representation or warranty and assumes no responsibility with respect to any statements,
warranties or representations made in or in connection with this Agreement or the execution,
legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or
priority of any lien or security interest created or purported to be created under or in connection
with, this Agreement or any other instrument or document furnished pursuant hereto; (ii) such
assigning Lender makes no representation or warranty and assumes no responsibility with respect to
the financial condition of the Borrower or the performance or observance by the Borrower of any of
its obligations under this Agreement or any other instrument or document furnished pursuant hereto;
(iii) such assignee confirms that, to the extent it has so requested, it has received a copy of
this Agreement, together with copies of the financial statements referred to in Section 4.01 and
such other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently
and without reliance upon the Agent, such assigning Lender or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under this Agreement; (v) such assignee confirms that it
is an Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take such action
as agent on its behalf and to exercise such powers and discretion under this Agreement as are
delegated to the Agent by the terms hereof, together with such powers and discretion as are
reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance
with their terms all of the obligations that by the terms of this Agreement are required to be
performed by it as a Lender.

          (c) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an
assignee representing that it is an Eligible Assignee, together with any Note or Notes subject to
such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in
substantially the form of Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record
the information contained therein in the Register and (iii) give prompt notice thereof to the
Borrower.

          (d) The Agent shall maintain at its address referred to in Section 9.02 a copy of each
Assumption Agreement and each Assignment and Acceptance delivered to and accepted by it and a
register for the recordation of the names and addresses of the Lenders and the Commitment of, and
principal amount of the Advances owing to, each Lender from time to time (the “Register”).
The entries in the Register shall be conclusive and binding for all purposes, absent manifest
error, and the Borrower, the Agent and the Lenders may treat each Person whose name is recorded in
the Register as a Lender hereunder for all purposes of this Agreement. In addition, the Agent
shall maintain on the Register information regarding the designation and revocation of designation
of any Lender as a Defaulting Lender. The Register shall be available for inspection by the
Borrower or any Lender at any reasonable time and from time to time upon reasonable prior notice.

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          (e) Each Lender may sell participations to one or more banks or other entities (other than the
Borrower or any of its Affiliates) in or to all or a portion of its rights and obligations under
this Agreement (including, without limitation, all or a portion of its Commitment, the Advances
owing to it and any Note or Notes held by it); provided, however, that (i) such
Lender’s obligations under this Agreement (including, without limitation, its Commitment to the
Borrower hereunder) shall remain unchanged, (ii) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations, (iii) such Lender shall remain the
holder of any such Note for all purposes of this Agreement, (iv) the Borrower, the Agent and the
other Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement and (v) no participant under any such
participation shall have any right to approve any amendment or waiver of any provision of this
Agreement or any Note, or any consent to any departure by the Borrower therefrom, except to the
extent that such amendment, waiver or consent would reduce the principal of, or interest on, the
Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such
participation, or postpone any date fixed for any payment of principal of, or interest on, the
Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such
participation.

          Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of
each participant and the principal amounts (and stated interest) of each participant’s interest in
the Notes or other obligations under the Loan Documents (the “Participant Register”);
provided that no Lender shall have any obligation to disclose all or any portion of the Participant
Register to any Person (including the identity of any participant or any information relating to a
participant’s interest in any commitments, loans, letters of credit or its other obligations under
any Loan Document) except to the extent that such disclosure is necessary to establish that such
commitment, loan, letter of credit or other obligation is in registered form under Section
5f.103-1(c) of the Treasury regulations promulgated under the Internal Revenue Code. The entries
in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat
each Person whose name is recorded in the Participant Register as the owner of such participation
for all purposes of this Agreement notwithstanding any notice to the contrary.

          (f) Any Lender may, in connection with any assignment or participation or proposed assignment
or participation pursuant to this Section 9.07, disclose to the assignee or participant or proposed
assignee or participant, any information relating to the Borrower furnished to such Lender by or on
behalf of the Borrower; provided that, prior to any such disclosure, the assignee or
participant or proposed assignee or participant shall agree to preserve the confidentiality of any
Company Information relating to the Borrower received by it from such Lender in accordance with
Section 9.08 hereof.

          (g) Notwithstanding any other provision set forth in this Agreement, any Lender may at any
time create a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender (including, without limitation, any pledge or assignment to secure
obligations to a Federal Reserve Bank in accordance with Regulation A of the Board of Governors of
the Federal Reserve System and this Section shall not apply to any such pledge or assignment of a
security interest; provided that, no such pledge or assignment of a security interest shall release
a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such
Lender party hereto interest.

          (h) Resignation as Issuing Bank after Assignment. Notwithstanding anything to the
contrary contained herein, (i) if at any time any Issuing Bank assigns all of its Revolving Credit
Commitments and Advances pursuant to Section 9.07(a), such Person may, upon 30 days’ notice to the
Borrower and the Lenders, resign as Issuing Bank and (ii) if a Lender becomes, and during the
period it remains, a Defaulting Lender or a Potential Defaulting Lender, any Issuing Bank may, upon
30 days’ notice to the Borrower and the Lenders, resign as Issuing Bank. In the event of any such
resignation as Issuing Bank, the Borrower shall be entitled to appoint from among the Lenders a
successor Issuing Bank

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hereunder; provided, however, that no failure by the
Borrower to appoint any such successor shall affect the resignation of such Person as Issuing Bank.
If such Person resigns as Issuing Bank, it shall retain all the rights, powers, privileges and
duties of an Issuing Bank hereunder with respect to all Letters of Credit outstanding as of the
effective date of its resignation as Issuing Bank and all unreimbursed Letter of Credit drawings
with respect thereto. Upon the appointment of a successor Issuing Bank, (a) such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the retiring
Issuing Bank and (b) the successor Issuing Bank 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 such Person to effectively assume the obligations of such Person with
respect to such Letters of Credit.

          SECTION 9.08. Confidentiality. Each of the Agent and the Lenders agrees to maintain
the confidentiality of the Company Information (as defined below), except that Company Information
may be disclosed (a) to its Related Parties, head office, branches and representative offices,
in any jurisdiction (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Company Information and instructed to keep such Company
Information confidential), (b) to the extent requested by any regulatory authority purporting to
have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners); provided that, unless specifically prohibited by
applicable law or court order, prior to any such disclosure, the Agent or such Lender, as
applicable, shall notify Borrower of any such request, (c) to the extent required by applicable
laws or regulations or by any subpoena or similar legal process, (d) to any other party to this
Agreement, (e) in connection with the exercise of any remedies hereunder or under any other Loan
Document, any action or proceeding relating to this Agreement or any other Loan Document, the
enforcement of rights hereunder or thereunder or any litigation or proceeding to which the Agent or
any lender or any of their respective Affiliates may be a party, (f) subject to an agreement
containing provisions no less restrictive than those of this Section 9.08, to (i) any assignee of
or participant in, or any prospective assignee of or participant in, any of its rights or
obligations under this Agreement, (ii) any actual or prospective party (or its managers,
administrators, trustees, partners, directors, officers, employees, agents, advisors and other
representatives) surety, reinsurer, guarantor or credit liquidity enhancer (or their advisors) to
or in connection with any swap, derivative or other similar transaction under which payments are to
be made by reference to the Borrower and its obligations, this Agreement or payments hereunder,
(iii) any rating agency when required by it, or (iv) the CUSIP Service Bureau or any similar
organization, (g) to the extent such Company Information (A) is or becomes generally available to
the publicly available other than as a result of a breach of this Section 9.08, or (B) becomes
available to the Agent, any Lender or any of their respective Affiliates on nonconfidential basis
from a source other than the Borrower, (h) to any service provider where required for outsourcing
operational, storage, maintenance and/or administrative functions of the Agent or such Lender
(provided that the Persons to whom such disclosure is made will be informed of the confidential
nature of such Company Information and shall have agreed in writing to keep such Company
Information confidential) and (i) with the consent of the Borrower.

          For purposes of this Section, “Company Information” means all information received
from a Loan Party or any of their respective Subsidiaries relating to a Loan Party or any of their
respective Subsidiaries or any of their respective businesses, other than any such information that
is available to the Agent or any Lender on a nonconfidential basis prior to disclosure by any Loan
Party or any of their respective Subsidiaries, provided that, in the case of information
received from a Loan Party or any of their Subsidiaries after the date hereof, such information is
clearly identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Company Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to
maintain the confidentiality of such Information as such Person would accord to its own
confidential information.

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          SECTION 9.09. Treatment of Information. (a) Certain of the Lenders may enter into
this Agreement and take or not take action hereunder or under the other Loan Documents on the basis
of information that does not contain material non-public information with respect to any of the
Loan Parties or their securities (“Restricting Information”). Other Lenders may enter into
this Agreement and take or not take action hereunder or under the other Loan Documents on the basis
of information that may contain Restricting Information. Each Lender acknowledges that United
States federal and state securities laws prohibit any person from purchasing or selling securities
on the basis of material, non-public information concerning the such issuer of such securities or,
subject to certain limited exceptions, from communicating such information to any other Person.
Neither the Agent nor any of its Related Parties shall, by making any Communications (including
Restricting Information) available to a Lender, by participating in any conversations or other
interactions with a Lender or otherwise, make or be deemed to make any statement with regard to or
otherwise warrant that any such information or Communication
does or does not contain Restricting Information nor shall the Agent or any of its Related
Parties be responsible or liable in any way for any decision a Lender may make to limit or to not
limit its access to Restricting Information. In particular, none of the Agent nor any of its
Related Parties (i) shall have, and the Agent, on behalf of itself and each of its Related Parties,
hereby disclaims, any duty to ascertain or inquire as to whether or not a Lender has or has not
limited its access to Restricting Information, such Lender’s policies or procedures regarding the
safeguarding of material, nonpublic information or such Lender’s compliance with applicable laws
related thereto or (ii) shall have, or incur, any liability to any Loan Party or Lender or any of
their respective Related Parties arising out of or relating to the Agent or any of its Related
Parties providing or not providing Restricting Information to any Lender.

          (b) Each Loan Party agrees that (i) all Communications it provides to the Agent intended for
delivery to the Lender Parties whether by posting to the Approved Electronic Platform or otherwise
shall be clearly and conspicuously marked “PUBLIC” if such Communications do not contain
Restricting Information which, at a minimum, shall mean that the word “PUBLIC” shall appear
prominently on the first page thereof, (ii) by marking Communications “PUBLIC,” each Loan Party
shall be deemed to have authorized the Agent and the Lenders to treat such Communications as either
publicly available information or not material information (although, in this latter case, such
Communications may contain sensitive business information and, therefore, remain subject to the
confidentiality undertakings of Section 3) with respect to such Loan Party or its securities for
purposes of United States Federal and state securities laws, (iii) all Communications marked
“PUBLIC” may be delivered to all Lenders and may be made available through a portion of the
Approved Electronic Platform designated “Public Side Information,” and (iv) the Agent shall be
entitled to treat any Communications that are not marked “PUBLIC” as Restricting Information and
may post such Communications to a portion of the Approved Electronic Platform not designated
“Public Side Information.” Neither the Agent nor any of its Affiliates shall be responsible for
any statement or other designation by a Loan Party regarding whether a Communication contains or
does not contain material non-public information with respect to any of the Loan Parties or their
securities nor shall the Agent or any of its Affiliates incur any liability to any Loan Party, any
Lender or any other Person for any action taken by the Agent or any of its Affiliates based upon
such statement or designation, including any action as a result of which Restricting Information is
provided to a Lender that may decide not to take access to Restricting Information. Nothing in
this Section 4 shall modify or limit a Lender’s obligations under Section 3 with regard to
Communications and the maintenance of the confidentiality of or other treatment of Information.

          (c) Each Lender acknowledges that circumstances may arise that require it to refer to
Communications that might contain Restricting Information. Accordingly, each Lender agrees that it
will nominate at least one designee to receive Communications (including Restricting Information)
on its behalf and identify such designee (including such designee’s contact information) as
required to the Agent. Each Lender agrees to notify the Agent from time to time of such Lender’s
designee’s e-mail

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address to which notice of the availability of Restricting Information may be
sent by electronic transmission.

          (d) Each Lender acknowledges that Communications delivered hereunder and under the other Loan
Documents may contain Restricting Information and that such Communications are available to all
Lenders generally. Each Lender that elects not to take access to Restricting Information does so
voluntarily and, by such election, acknowledges and agrees that the Agent and other Lenders may
have access to Restricting Information that is not available to such electing Lender. None of the
Agent nor any Lender with access to Restricting Information shall have any duty to disclose such
Restricting Information to such electing Lender or to use such Restricting Information on behalf of
such electing Lender, and shall not be liable for the failure to so disclose or use, such
Restricting Information.

          (e) The provisions of the foregoing clauses of this Section 9.09 are designed to assist the
Agent, the Lenders and the Loan Parties, in complying with their respective contractual obligations
and applicable law in circumstances where certain Lenders express a desire not to receive
Restricting Information notwithstanding that certain Communications hereunder or under the other
Loan Documents or other information provided to the Lenders hereunder or thereunder may contain
Restricting Information. Neither the Agent nor any of its Related Parties warrants or makes any
other statement with respect to the adequacy of such provisions to achieve such purpose nor does
the Agent nor any of its Related Parties warrant or make any other statement to the effect that a
Loan Party’s or Lender’s adherence to such provisions will be sufficient to ensure compliance by
such Loan Party or Lender with its contractual obligations or its duties under applicable law in
respect of Restricting Information and each of the Lenders and each Loan Party assumes the risks
associated therewith.

          SECTION 9.10. Governing Law. This Agreement and the Notes shall be governed by, and
construed in accordance with, the laws of the State of New York.

          SECTION 9.11. Execution in Counterparts. This Agreement may be executed in any
number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed shall be deemed to be an original and all of which taken together shall constitute one
and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement
by facsimile shall be effective as delivery of a manually executed counterpart of this Agreement.

          SECTION 9.12. Judgment. (a) If for the purposes of obtaining judgment in any court
it is necessary to convert a sum due hereunder in Dollars into another currency, the parties hereto
agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall
be that at which in accordance with normal banking procedures the Agent could purchase Dollars with
such other currency at Citibank’s principal office in London at 11:00 A.M. (London time) on the
Business Day preceding that on which final judgment is given.

          (b) The obligation of the Borrower in respect of any sum due from it in any currency (the
“Primary Currency”) to any Lender or the Agent hereunder shall, notwithstanding any
judgment in any other currency, be discharged only to the extent that on the Business Day following
receipt by such Lender or the Agent (as the case may be), of any sum adjudged to be so due in such
other currency, such Lender or the Agent (as the case may be) may in accordance with normal banking
procedures purchase the applicable Primary Currency with such other currency; if the amount of the
applicable Primary Currency so purchased is less than such sum due to such Lender or the Agent (as
the case may be) in the applicable Primary Currency, the Borrower agrees, as a separate obligation
and notwithstanding any such judgment, to indemnify such Lender or the Agent (as the case may be)
against such loss, and if the amount of the applicable Primary Currency so purchased exceeds such
sum due to any Lender or the

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Agent (as the case may be) in the applicable Primary Currency, such
Lender or the Agent (as the case may be) agrees to remit to the Borrower such excess.

          SECTION 9.13. Jurisdiction. (a) Each U.S. Loan Party party hereto hereby
irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction
of any New York State court or federal court of the United States of America sitting in New York
City, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement or the Notes, or for recognition or enforcement of any judgment, and
each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect
of any such action or proceeding may be heard and determined in any such New York State court or,
to the extent permitted by law, in such federal court. The Borrower and each other Non-U.S. Loan
Party party hereto hereby irrevocably and unconditionally submits, for itself and its property, to
the non-exclusive jurisdiction of any New York State court or federal court of the United States of
America sitting in New York City, and any appellate
court from any thereof, in any action or proceeding arising out of or relating to this
Agreement or the Notes, or for recognition or enforcement of any judgment, and each of the parties
hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action
or proceeding may be heard and determined in any such New York State court or, to the extent
permitted by law, in such federal court. Each Loan Party party hereto hereby agrees that service
of process in any such action or proceeding brought in any such court may be made upon the Borrower
and each Loan Party party hereto hereby irrevocably appoints the Borrower its authorized agent to
accept such service of process, and agrees that the failure of the Borrower to give any notice of
any such service shall not impair or affect the validity of such service or of any judgment
rendered in any action or proceeding based thereon. Each Loan Party party hereto hereby further
irrevocably consent to the service of process in any action or proceeding in such courts by the
mailing thereof by any parties hereto by registered or certified mail, postage prepaid, to the
Borrower at its address specified pursuant to Section 9.02. Each of the parties hereto agrees that
a final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement shall affect any right that any party may otherwise have to bring any action or
proceeding relating to the enforcement of any judgment relating to this Agreement or the Notes in
the courts of any jurisdiction.

          (b) Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, any objection that it may now or hereafter have to the laying
of venue of any suit, action or proceeding arising out of or relating to this Agreement or the
Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

          (c) Each Non-U.S. Loan Party party hereto hereby irrevocably designates, appoints and empowers
CT Corporation System (telephone number: 212-894-8600) (telecopy number: 212-894-8690) (address:
111 Eighth Avenue, New York, N.Y. 10011) (the “Process Agent”), in the case of any suit,
action or proceeding brought in the United States as its designee, appointee and agent to receive,
accept and acknowledge for and on its behalf, and in respect of its property, service of any and
all legal process, summons, notices and documents that may be served in any action or proceeding
arising out of or in connection with this Agreement or any other Credit Document. Such service may
be made by mailing (by registered or certified mail, postage prepaid) or delivering a copy of such
process to such Person in care of the Process Agent at the Process Agent’s above address, and such
Person hereby irrevocably authorizes and directs the Process Agent to accept such service on its
behalf. As an alternative method of service, each Loan Party party hereto irrevocably consents to
the service of any and all process in any such action or proceeding by the mailing (by registered
or certified mail, postage prepaid) of copies of such process to the Process Agent. Each Loan
Party party hereto agrees that a final

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judgment in any such action or proceeding shall be
conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law.

          SECTION 9.14. No Liability of the Issuing Banks. The Borrower assumes all risks of
the acts or omissions of any beneficiary or transferee of any Letter of Credit with respect to its
use of such Letter of Credit. Neither an Issuing Bank nor any of its officers or directors shall
be liable or responsible for: (a) the use that may be made of any Letter of Credit or any acts or
omissions of any beneficiary or transferee in connection therewith; (b) the validity, sufficiency
or genuineness of documents, or of any endorsement thereon, even if such documents should prove to
be in any or all respects invalid, insufficient, fraudulent or forged; or (c) any other
circumstances whatsoever in making or failing to make payment under any Letter of Credit, except
that the Borrower shall have a claim against such Issuing Bank, and such Issuing Bank shall be
liable to the Borrower, to the extent of any direct, but not consequential, damages suffered by the
Borrower that the Borrower proves were caused by such Issuing
Bank’s willful misconduct or gross negligence when determining whether drafts and other
documents presented under a Letter of Credit comply with the terms thereof. In furtherance and not
in limitation of the foregoing, such Issuing Bank 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; provided that nothing herein shall be deemed to excuse such
Issuing Bank if it acts with gross negligence or willful misconduct in accepting such documents.

          SECTION 9.15. Patriot Act Notice; Know-Your Customer; Anti-Money Laundering. (a)
Each Lender and the Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower
that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record
information that identifies the Borrower, which information includes the name and address of the
Borrower and other information that will allow such Lender or the Agent, as applicable, to identify
the Borrower in accordance with the Patriot Act. The Borrower shall provide such information and
take such actions as are reasonably requested by the Agent or any Lenders in order to assist the
Agent and the Lenders in maintaining compliance with the Patriot Act.

          (b) Each Loan Party shall promptly upon the request of the Agent or any Lender supply, or
procure the supply of, such documentation and other evidence as is reasonably requested by the
Agent (for itself or on behalf of any Lender) or any Lender (for itself or on behalf of any
prospective new Lender) in order for the Agent, such Lender or any prospective new Lender to carry
out and be satisfied with the results of all necessary “know your customer” or other checks in
relation to any person that it is required (under any applicable law or regulation) to carry out in
respect of the transactions contemplated in the Loan Documents.

          (c) Each Lender shall promptly upon the request of the Agent supply, or procure the supply of,
such documentation and other evidence as is reasonably requested by the Agent (for itself) in order
for the Agent to carry out and be satisfied with the results of all necessary “know your customer”
or other checks in relation to any person that it is required (under any applicable law or
regulation) to carry out in respect of the transactions contemplated in the Loan Documents.

          (d) The Agent shall not be responsible (to any other party) for providing any certification or
documents with respect to information (except that in respect of itself) required for any
anti-money laundering due diligence purpose. Such certificates and related documents shall be
provided directly by the Borrower and other obligors provided that the request for such information
may be made through the Agent.

          (e) No Lender shall be obliged to do or omit to do anything under this Agreement or any other
Loan Document if it would, in its reasonable opinion upon the advice of legal counsel,

74

 

Avago Credit Agreement

constitute a
breach of any applicable anti-money laundering, counter-terrorism financing, trade or economic
sanctions law or regulation.

          SECTION 9.16. Replacement of Lenders. If (a) any Lender requests compensation under
Section 2.11 or 2.14, (b) the Borrower is required to pay any additional amount to any Lender or
any governmental authority for the account of any Lender pursuant to Section 2.14, (c) any Lender
asserts illegality pursuant to Section 2.12, (d) any Lender is a Defaulting Lender or (e) any
Lender has not agreed to any amendment, waiver or consent for which (x) the consent of all of the
Lenders is required and (y) Lenders owed or holding at least 75% of the sum of all outstanding
Revolving Credit Advances plus the aggregate Unused Revolving Credit Commitments have agreed to
such amendment, waiver or consent, then the Borrower may, at its sole expense and effort, upon
notice to such Lender and the Agent, require such Lender to assign and delegate, without recourse
(in accordance with and subject to the restrictions contained in, and consents required by, Section
9.07), all of its interests, rights and obligations under this
Agreement to an assignee that shall assume such obligations (which assignee may be another
Lender, if a Lender accepts such assignment), provided that (i) each such assignment shall
be arranged by the Borrower after consultation with the Agent and shall be either an assignment of
all of the rights and obligations of the assigning Lender under this Agreement or an assignment of
a portion of such rights and obligations made concurrently with another such assignment or other
such assignments that together cover all of the rights and obligations of the assigning Lender
under this Agreement, (ii) no Lender shall be obligated to make any such assignment unless and
until such Lender shall have received one or more payments from either the Borrower or one or more
Eligible Assignees in an aggregate amount equal to the aggregate outstanding principal amount of
the Advances owing to such Lender, together with accrued interest thereon to the date of payment of
such principal amount and all other amounts payable to such Lender under this Agreement and (iii)
no Default shall have occurred and be continuing. A Lender shall not be required to make any such
assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise,
the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

          SECTION 9.17. Waiver of Jury Trial. Each of the Borrower, the Guarantors, the Agent
and the Lenders hereby irrevocably waives all right to trial by jury in any action, proceeding or
counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this
Agreement or the Notes or the actions of the Agent or any Lender in the negotiation,
administration, performance or enforcement thereof.

75

 

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

	 	 	 	 	 
	 	

AVAGO TECHNOLOGIES FINANCE PTE. LTD.

 	 
	 	     By:  	/s/ Desmond Lim
 	 
	 	 	Name:  	Desmond Lim 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	Guarantors

AVAGO TECHNOLOGIES HOLDING PTE. LTD.

 	 
	 	     By:  	/s/ Desmond Lim
 	 
	 	 	Name:  	Desmond Lim 	 
	 	 	Title:  	Vice President and Treasurer 	 
	 
	 	AVAGO TECHNOLOGIES INTERNATIONAL 
SALES PTE. LIMITED
 	 
	 
	 	     By:  	/s/ Desmond Lim
 	 
	 	 	Name:  	Desmond Lim 	 
	 	 	Title:  	Director, Vice President and
Treasurer 	 
	 
	 	AVAGO TECHNOLOGIES U.S. INC.

 	 
	 	     By:  	/s/  Douglas R. Bettinger
 	 
	 	 	Name:  	Douglas R. Bettinger 	 
	 	 	Title:  	Senior Vice President, Chief

Financial Officer and Secretary 	 
	 
	 	AVAGO TECHNOLOGIES GENERAL IP (SINGAPORE) PTE. LTD.

 	 
	 	     By:  	/s/ Desmond Lim
 	 
	 	 	Name:  	Desmond Lim 	 
	 	 	Title:  	Director, Vice President and
Treasurer 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	CITICORP INTERNATIONAL LIMITED

as Agent

 	 
	 	     By:  	/s/ Donny Lam
 	 
	 	 	Name:  	Donny Lam 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	CITIBANK, N.A.

as Lender

 	 
	 	     By:  	/s/ Kevin A. Ege
 	 
	 	 	Name:  	Kevin A. Ege 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	

BARCLAYS BANK PLC

as Lender

 	 
	 	     By:  	/s/ Ritam Bhalla
 	 
	 	 	Name:  	Ritam Bhalla 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	

OVERSEA-CHINESE BANKING CORPORATION LTD.

as Lender

 	 
	 	     By:  	/s/ Elaine Lam
 	 
	 	 	Name:  	Elaine Lam 	 
	 	 	Title:  	Head, Wholesale Corporate
Marketing 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	

DBS BANK LTD

as Lender

 	 
	 	By:  	/s/ Terence Yong
 	 
	 	 	Name:  	Terence Yong 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	DEUTSCHE BANK AG NEW YORK BRANCH

as Lender

 	 
	 	     By:  	/s/ Ross Levitsky
 	 
	 	 	Name:  	Ross Levitsky 	 
	 	 	Title:  	Managing Director 	 
	 
	 	 	 
	 	     By:  	                                                      /s/ Yvonne Tilden
 	 
	 	 	Name:  	Yvonne Tilden 	 
	 	 	Title:  	Director 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	MORGAN STANLEY BANK, N.A.

as Lender

 	 
	 	     By:  	/s/  Sherrese Clarke
 	 
	 	 	Name:  	Sherrese Clarke 	 
	 	 	Title:  	Authorized Signatory 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	AUSTRALIA AND NEW ZEALAND 
BANKING GROUP LIMITED,
SINGAPORE BRANCH

as Lender
	 
	 
	 	     By:  	/s/  Vishno Shahaney
 	 
	 	 	Name:  	Vishno Shahaney 	 
	 	 	Title:  	Chief Executive Officer &

Head of Institutional, Singapore 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 
Singapore
Branch as Lender
	 
	 
	 	     By:  	/s/  Koki Itakura
 	 
	 	 	Name:  	Koki Itakura 	 
	 	 	Title:  	Deputy General Manager 	 
	 

Signature Page to Avago Credit Agreement

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.

as Lender

 	 
	 	     By:  	/s/ Goh Siew Tan
 	 
	 	 	Name:  	Goh Siew Tan 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Avago Credit Agreement

 

 

Annex A

Agent’s Account

Correspondent Bank: Citibank, N.A., New York Branch

SWIFT: CITIUS33

Beneficiary Bank A/C NO.: 10990845

Beneficiary Bank: Citibank, N.A., Hong Kong Branch

SWIFT: CITIHKHX

Beneficiary A/C No.: 5-888991001

Beneficiary Name: Citicorp International Limited

Attention: Loans Agencyexv4w7

EXHIBIT 4.7

RAMCO-GERSHENSON PROPERTIES TRUST

Issuer

AND

[                    ]

Trustee

 

INDENTURE

Dated as of                 , 20

 

Senior Debt Securities

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	ARTICLE 1. DEFINITIONS
	 	 	6	 
	 
	 	 	 	 
	SECTION 1.1 DEFINITIONS OF TERMS
	 	 	6	 
	 
	 	 	 	 
	ARTICLE 2. ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF
SECURITIES
	 	 	10	 
	 
	 	 	 	 
	SECTION 2.1 DESIGNATION AND TERMS OF SECURITIES.
	 	 	10	 
	SECTION 2.2 FORM OF SECURITIES AND TRUSTEE’S CERTIFICATE
	 	 	12	 
	SECTION 2.3 DENOMINATIONS; PROVISIONS FOR PAYMENT
	 	 	13	 
	SECTION 2.4 EXECUTION AND AUTHENTICATIONS
	 	 	14	 
	SECTION 2.5 REGISTRATION OF TRANSFER AND EXCHANGE
	 	 	15	 
	SECTION 2.6 TEMPORARY SECURITIES
	 	 	16	 
	SECTION 2.7 MUTILATED, DESTROYED, LOST OR STOLEN SECURITIES
	 	 	17	 
	SECTION 2.8 CANCELLATION
	 	 	17	 
	SECTION 2.9 BENEFITS OF INDENTURE
	 	 	18	 
	SECTION 2.10 AUTHENTICATING AGENT
	 	 	18	 
	SECTION 2.11 GLOBAL SECURITIES
	 	 	18	 
	 
	 	 	 	 
	ARTICLE 3. REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS
	 	 	20	 
	 
	 	 	 	 
	SECTION 3.1 REDEMPTION
	 	 	20	 
	SECTION 3.2 NOTICE OF REDEMPTION
	 	 	20	 
	SECTION 3.3 PAYMENT UPON REDEMPTION
	 	 	21	 
	SECTION 3.4 SINKING FUND
	 	 	21	 
	SECTION 3.5 SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES
	 	 	22	 
	SECTION 3.6 REDEMPTION OF SECURITIES FOR SINKING FUND
	 	 	22	 
	 
	 	 	 	 
	ARTICLE 4. COVENANTS
	 	 	22	 
	 
	 	 	 	 
	SECTION 4.1 PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST
	 	 	22	 
	SECTION 4.2 MAINTENANCE OF OFFICE OR AGENCY
	 	 	23	 
	SECTION 4.3 PAYING AGENTS
	 	 	23	 
	SECTION 4.4 APPOINTMENT TO FILL VACANCY IN OFFICE OF TRUSTEE
	 	 	24	 
	SECTION 4.5 COMPLIANCE WITH CONSOLIDATION PROVISIONS
	 	 	24	 

2

 

	 	 	 	 	 
	ARTICLE 5. SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE
	 	 	25	 
	 
	 	 	 	 
	SECTION 5.1 COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF SECURITYHOLDERS
	 	 	25	 
	SECTION 5.2 PRESERVATION OF INFORMATION; COMMUNICATIONS WITH SECURITYHOLDERS
	 	 	25	 
	SECTION 5.3 REPORTS BY THE COMPANY
	 	 	25	 
	SECTION 5.4 REPORTS BY THE TRUSTEE
	 	 	26	 
	 
	 	 	 	 
	ARTICLE 6. REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON
EVENT OF DEFAULT
	 	 	26	 
	 
	 	 	 	 
	SECTION 6.1 EVENTS OF DEFAULT
	 	 	26	 
	SECTION 6.2 COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE
	 	 	28	 
	SECTION 6.3 APPLICATION OF MONEYS COLLECTED
	 	 	29	 
	SECTION 6.4 LIMITATION ON SUITS
	 	 	30	 
	SECTION 6.5 RIGHTS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER
	 	 	30	 
	SECTION 6.6 CONTROL BY SECURITYHOLDERS
	 	 	31	 
	SECTION 6.7 UNDERTAKING TO PAY COSTS
	 	 	31	 
	 
	 	 	 	 
	ARTICLE 7. CONCERNING THE TRUSTEE
	 	 	32	 
	 
	 	 	 	 
	SECTION 7.1 CERTAIN DUTIES AND RESPONSIBILITIES OF TRUSTEE
	 	 	32	 
	SECTION 7.2 CERTAIN RIGHTS OF TRUSTEE
	 	 	33	 
	SECTION 7.3 TRUSTEE NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OR SECURITIES
	 	 	34	 
	SECTION 7.4 MAY HOLD SECURITIES
	 	 	34	 
	SECTION 7.5 MONEYS HELD IN TRUST
	 	 	34	 
	SECTION 7.6 COMPENSATION AND REIMBURSEMENT
	 	 	35	 
	SECTION 7.7 RELIANCE ON OFFICERS’ CERTIFICATE
	 	 	35	 
	SECTION 7.8 DISQUALIFICATION; CONFLICTING INTERESTS
	 	 	35	 
	SECTION 7.9 CORPORATE TRUSTEE REQUIRED; ELIGIBILITY
	 	 	35	 
	SECTION 7.10 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR
	 	 	36	 
	SECTION 7.11 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR
	 	 	37	 
	SECTION 7.12 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS
	 	 	38	 
	SECTION 7.13 PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE COMPANY
	 	 	39	 
	SECTION 7.14 NOTICE OF DEFAULT
	 	 	39	 
	 
	 	 	 	 
	ARTICLE 8. CONCERNING THE SECURITYHOLDERS
	 	 	39	 

3

 

	 	 	 	 	 
	SECTION 8.1 EVIDENCE OF ACTION BY SECURITYHOLDERS
	 	 	39	 
	SECTION 8.2 PROOF OF EXECUTION BY SECURITYHOLDERS
	 	 	40	 
	SECTION 8.3 WHO MAY BE DEEMED OWNERS
	 	 	40	 
	SECTION 8.4 CERTAIN SECURITIES OWNED BY COMPANY DISREGARDED
	 	 	40	 
	SECTION 8.5 ACTIONS BINDING ON FUTURE SECURITYHOLDERS
	 	 	41	 
	 
	 	 	 	 
	ARTICLE 9. SUPPLEMENTAL INDENTURES 
	 	 	41	 
	 
	 	 	 	 
	SECTION 9.1 SUPPLEMENTAL INDENTURES WITHOUT THE CONSENT OF SECURITYHOLDERS
	 	 	41	 
	SECTION 9.2 SUPPLEMENTAL INDENTURES WITH CONSENT OF SECURITYHOLDERS
	 	 	42	 
	SECTION 9.3 EFFECT OF SUPPLEMENTAL INDENTURES
	 	 	43	 
	SECTION 9.4 SECURITIES AFFECTED BY SUPPLEMENTAL INDENTURES
	 	 	43	 
	SECTION 9.5 EXECUTION OF SUPPLEMENTAL INDENTURES
	 	 	43	 
	 
	 	 	 	 
	ARTICLE 10. SUCCESSOR ENTITY
	 	 	44	 
	 
	 	 	 	 
	SECTION 10.1
COMPANY MAY CONSOLIDATE, ETC.
	 	 	44	 
	SECTION 10.2 SUCCESSOR ENTITY SUBSTITUTED
	 	 	45	 
	SECTION 10.3 EVIDENCE OF CONSOLIDATION, ETC. TO TRUSTEE
	 	 	45	 
	 
	 	 	 	 
	ARTICLE 11. SATISFACTION AND DISCHARGE
	 	 	45	 
	 
	 	 	 	 
	SECTION 11.1 SATISFACTION AND DISCHARGE OF INDENTURE
	 	 	45	 
	SECTION 11.2 APPLICATION OF TRUST MONEY
	 	 	46	 
	SECTION 11.3 DISCHARGE AND DEFEASANCE OF SECURITIES OF ANY SERIES
	 	 	47	 
	SECTION 11.4 REINSTATEMENT
	 	 	48	 
	SECTION 11.5 DEPOSITED MONEYS TO BE HELD IN TRUST
	 	 	49	 
	SECTION 11.6 PAYMENT OF MONEYS HELD BY PAYING AGENTS
	 	 	49	 
	SECTION 11.7 REPAYMENT TO COMPANY
	 	 	49	 
	 
	 	 	 	 
	ARTICLE 12. IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
	 	 	49	 
	 
	 	 	 	 
	SECTION 12.1 NO RECOURSE
	 	 	49	 
	 
	 	 	 	 
	ARTICLE 13. MISCELLANEOUS PROVISIONS
	 	 	50	 
	 
	 	 	 	 
	SECTION 13.1 EFFECT ON SUCCESSORS AND ASSIGNS
	 	 	50	 
	SECTION 13.2 ACTIONS BY SUCCESSOR
	 	 	50	 
	SECTION 13.3 SURRENDER OF COMPANY POWERS
	 	 	50	 
	SECTION 13.4 NOTICES
	 	 	50	 

4

 

	 	 	 	 	 
	SECTION 13.5 GOVERNING LAW
	 	 	51	 
	SECTION 13.6 TREATMENT OF SECURITIES AS DEBT
	 	 	51	 
	SECTION 13.7 COMPLIANCE CERTIFICATES AND OPINIONS
	 	 	51	 
	SECTION 13.8 PAYMENTS ON BUSINESS DAYS
	 	 	51	 
	SECTION 13.9 CONFLICT WITH TRUST INDENTURE ACT
	 	 	51	 
	SECTION 13.10 COUNTERPARTS
	 	 	52	 
	SECTION 13.11 SEPARABILITY
	 	 	52	 
	SECTION 13.12 COMPLIANCE CERTIFICATES
	 	 	52	 

5

 

INDENTURE

INDENTURE, dated as of                                         , 20___, among RAMCO-GERSHENSON PROPERTIES TRUST, a
Maryland real estate investment trust (the “Company”), and                                                            , as trustee
(the “Trustee”):

WHEREAS, for its lawful corporate purposes, the Company has duly authorized the execution and
delivery of this Indenture to provide for the issuance of debt securities (hereinafter referred to
as the “Securities”), in an unlimited aggregate principal amount to be issued from time to time in
one or more series as in this Indenture provided, as registered Securities without coupons, to be
authenticated by the certificate of the Trustee;

WHEREAS, to provide the terms and conditions upon which the Securities are to be authenticated,
issued and delivered, the Company has duly authorized the execution of this Indenture; and

WHEREAS, all things necessary to make this Indenture a valid agreement of the Company, in
accordance with its terms, have been done.

NOW, THEREFORE, in consideration of the premises and the purchase of the Securities by the holders
thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the
holders of Securities:

ARTICLE 1.

DEFINITIONS

SECTION 1.1 DEFINITIONS OF TERMS.

The terms defined in this Section (except as in this Indenture or any indenture supplemental hereto
otherwise expressly provided or unless the context otherwise requires) for all purposes of this
Indenture and of any indenture supplemental hereto shall have the respective meanings specified in
this Section and shall include the plural as well as the singular. All other terms used in this
Indenture that are defined in the Trust Indenture Act of 1939, as amended, or that are by reference
in such Act defined in the Securities Act of 1933, as amended (except as herein or any indenture
supplemental hereto otherwise expressly provided or unless the context otherwise requires), shall
have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as
in force at the date of the execution of this instrument.

“Authenticating Agent” means an authenticating agent with respect to all or any of the series of
Securities appointed by the Trustee pursuant to Section 2.10.

“Authorized Officer”, when used with respect to the Company, means the [Chairman of the Board,
President, Executive Vice Presidents, Chief Financial Officer or General Counsel and Secretary] of
the Company.

6

 

“Bankruptcy Law” means Title 11, U.S. Code, or any similar federal or state law for the relief of
debtors.

“Board of Directors” means the Board of Directors of the Company or any duly authorized committee
of such Board.

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the Company to have been duly adopted by the Board of Directors and to be in full
force and effect on the date of such certification.

“Business Day” means, with respect to any series of Securities, any day other than a day on which
federal or state banking institutions in the Borough of Manhattan, the City of New York, are
authorized or obligated by law, executive order or regulation to close.

“Certificate” means a certificate signed by the chairman of the Board of Directors, any principal
executive officer, any chief executive officer, any president, any senior vice president, any vice
president, any principal financial officer or any principal accounting officer, any treasurer or
any assistant treasurer, any controller or any assistant controller, any secretary or any assistant
secretary of the Company. The Certificate need not comply with the provisions of Section 13.7.

“Company” means RAMCO-GERSHENSON PROPERTIES TRUST, a real estate investment trust duly organized
and existing under the laws of the State of Maryland, and, subject to the provisions of Article
Ten, shall also include its successors and assigns.

“Company Request” and “Company Order” mean, respectively, a written request or order signed in the
name of the Company by one or more Authorized Officers of the Company, and delivered to the
Trustee.

“Corporate Trust Office” means the office of the Trustee at which, at any particular time, its
corporate trust business shall be principally administered, which office at the date hereof is
located at                                                             ; Attention:                                         , except that
whenever a provision herein refers to an office or agency of the Trustee in the Borough of
Manhattan, the City of New York, such office is located, at the date hereof, at
                  
                 
      Attn:            
                  
           .

“Custodian” means any receiver, trustee, assignee, liquidator or similar official under any
Bankruptcy Law.

“Default” means any event, act or condition that with notice or lapse of time, or both, would
constitute an Event of Default.

“Depositary” means, with respect to Securities of any series for which the Company shall determine
that such Securities will be issued as a Global Security, The Depository Trust Company, New York,
New York, another clearing agency, or any successor registered as a clearing agency under the
Securities and Exchange Act of 1934, as amended (the “Exchange Act”), or other applicable statute
or regulation, which, in each case, shall be designated by the Company pursuant to either
Section 2.1 or 2.11.

7

 

“Event of Default” means, with respect to Securities of a particular series, any event specified in
Section 6.1, continued for the period of time, if any, therein designated.

“Global Security” means, with respect to any series of Securities, a Security executed by the
Company and delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction,
all in accordance with the Indenture, which shall be registered in the name of the Depositary or
its nominee.

“Governmental Obligations” means securities that are (a) direct obligations of the United States of
America for the payment of which its full faith and credit is pledged or (b) obligations of a
Person controlled or supervised by and acting as an agency or instrumentality of the United States
of America, the payment of which is unconditionally guaranteed as a full faith and credit
obligation by the United States of America that, in either case, are not callable or redeemable at
the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act of 1933, as amended) as custodian with respect to
any such Governmental Obligation or a specific payment of principal of or interest on any such
Governmental Obligation held by such custodian for the account of the holder of such depositary
receipt; provided, however, that (except as required by law) such custodian is not authorized to
make any deduction from the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the Governmental Obligation or the specific payment of
principal of or interest on the Governmental Obligation evidenced by such depositary receipt.

“herein,” “hereof” and “hereunder,” and other words of similar import, refer to this Indenture as a
whole and not to any particular Article, Section or other subdivision.

“Indenture” means this instrument as originally executed or as it may from time to time be
supplemented or amended by one or more indentures supplemental hereto entered into in accordance
with the terms hereof.

“Interest Payment Date,” when used with respect to any installment of interest on a Security of a
particular series, means the date specified in such Security or in a Board Resolution or in an
indenture supplemental hereto with respect to such series as the fixed date on which an installment
of interest with respect to Securities of that series is due and payable.

“Officers’ Certificate” means a certificate signed by a chief executive officer, a president, a
senior vice president or a vice president and by the chief financial officer or the treasurer or an
assistant treasurer or the controller or an assistant controller or the secretary or an assistant
secretary of the Company that is delivered to the Trustee in accordance with the terms hereof. Each
such certificate shall include the statements provided for in Section 13.7, if and to the extent
required by the provisions thereof.

“Opinion of Counsel” means an opinion in writing subject to customary exceptions of legal counsel,
who may be an employee of or counsel for the Company, that is delivered to the Trustee in
accordance with the terms hereof. Each such opinion shall include the statements provided for in
Section 13.7, if and to the extent required by the provisions thereof.

8

 

“Outstanding,” when used with reference to Securities of any series, means, subject to the
provisions of Section 8.4, as of any particular time, all Securities of that series theretofore
authenticated and delivered by the Trustee under this Indenture, except (a) Securities theretofore
canceled by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for
cancellation or that have previously been canceled; (b) Securities or portions thereof for the
payment or redemption of which moneys or Governmental Obligations in the necessary amount shall
have been deposited in trust with the Trustee or with any paying agent (other than the Company) or
shall have been set aside and segregated in trust by the Company (if the Company shall act as its
own paying agent); provided, however, that if such Securities or portions of such Securities are to
be redeemed prior to the maturity thereof, notice of such redemption shall have been given as in
Article Three provided, or provision satisfactory to the Trustee shall have been made for giving
such notice; and (c) Securities in lieu of or in substitution for which other Securities shall have
been authenticated and delivered pursuant to the terms of Section 2.7.

“Person” means any individual, corporation, partnership, joint venture, joint-stock company,
limited liability company, unincorporated organization or government or any agency or political
subdivision thereof.

“Predecessor Security” of any particular Security means every previous Security evidencing all or a
portion of the same debt as that evidenced by such particular Security; and, for the purposes of
this definition, any Security authenticated and delivered under Section 2.7 in lieu of a lost,
destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or
stolen Security.

“Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for
such redemption by or pursuant to this Indenture.

“Responsible Officer” when used with respect to the Trustee means any officer in the Corporate
Trust Office of the Trustee, or to whom any corporate trust matter is referred because of his or
her knowledge of and familiarity with the particular subject.

“Securities” means the debt Securities authenticated and delivered under this Indenture.

“Securityholder,” “holder of Securities,” “registered holder,” or other similar term, means the
Person or Persons in whose name or names a particular Security shall be registered on the books of
the Company kept for that purpose in accordance with the terms of this Indenture.

“Stated Maturity”, when used with respect to any security or any installment of principal thereof
or interest thereon, means the date specified in such Security or a coupon representing such
installment of interest as the fixed date on which the principal of such Security or such
installment of principal or interest is due and payable.

“Subsidiary” means, with respect to any Person, (i) any corporation at least a majority of whose
outstanding Voting Stock shall at the time be owned, directly or indirectly, by such Person or by
one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, (ii) any
general partnership, joint venture or similar entity, at least a majority of whose outstanding
partnership or similar interests shall at the time be owned by such Person, or by one or more of

9

 

its Subsidiaries, or by such Person and one or more of its Subsidiaries and (iii) any limited
partnership of which such Person or any of its Subsidiaries is a general partner.

“Trustee” mean                                                             , and, subject to the provisions
of Article Seven,
shall also include its successors and assigns, and, if at any time there is more than one Person
acting in such capacity hereunder, “Trustee” shall mean each such Person. The term “Trustee” as
used with respect to a particular series of the Securities shall mean the trustee with respect to
that series.

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended.

“Voting Stock,” as applied to stock of any Person, means shares, interests, participations or other
equivalents in the equity interest (however designated) in such Person having ordinary voting power
for the election of a majority of the directors (or the equivalent) of such Person, other than
shares, interests, participations or other equivalents having such power only by reason of the
occurrence of a contingency.

ARTICLE 2.

ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION 

AND EXCHANGE OF SECURITIES

SECTION 2.1 DESIGNATION AND TERMS OF SECURITIES.

     (a) The aggregate principal amount of Securities that may be authenticated and delivered under
this Indenture is unlimited. The Securities may be issued in one or more series up to the aggregate
principal amount of Securities of that series from time to time authorized by or pursuant to a
Board Resolution or pursuant to one or more indentures supplemental hereto. Prior to the initial
issuance of Securities of any series, there shall be established in or pursuant to a Board
Resolution, and set forth in an Officers’ Certificate, or established in one or more indentures
supplemental hereto:

     (i) the title of the Securities of the series (which shall distinguish the Securities
of that series from all other Securities);

     (ii) any limit upon the aggregate principal amount of the Securities of that series
that may be authenticated and delivered under this Indenture (except for Securities
authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu
of, other Securities of that series);

     (iii) the date or dates on which the principal of the Securities of the series is
payable, any original issue discount that may apply to the Securities of that series upon
their issuance, the principal amount due at maturity, and the place(s) of payment;

     (iv) the rate or rates at which the Securities of the series shall bear interest or the
manner of calculation of such rate or rates, if any;

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     (v) the date or dates from which such interest shall accrue, the Interest Payment Dates
on which such interest will be payable or the manner of determination of such Interest
Payment Dates, the place(s) of payment, and the record date for the determination of holders
to whom interest is payable on any such Interest Payment Dates or the manner of
determination of such record dates;

     (vi) the right, if any, to extend the interest payment periods and the duration of such
extension;

     (vii) the period or periods within which, the price or prices at which and the terms
and conditions upon which Securities of the series may be redeemed, in whole or in part, at
the option of the Company;

     (viii) the obligation, if any, of the Company to redeem or purchase Securities of the
series pursuant to any sinking fund, mandatory redemption, or analogous provisions
(including payments made in cash in satisfaction of future sinking fund obligations) or at
the option of a holder thereof and the period or periods within which, the price or prices
at which, and the terms and conditions upon which, Securities of the series shall be
redeemed or purchased, in whole or in part, pursuant to such obligation;

     (ix) the form of the Securities of the series including the form of the Certificate of
Authentication for such series;

     (x) if other than denominations of one thousand U.S. dollars ($1,000) or any integral
multiple thereof, the denominations in which the Securities of the series shall be issuable;

     (xi) any and all other terms (including terms, to the extent applicable, relating to
any auction or remarketing of the Securities of that series and any security for the
obligations of the Company with respect to such Securities) with respect to such series
(which terms shall not be inconsistent with the terms of this Indenture, as amended by any
supplemental indenture) including any terms which may be required by or advisable under
United States laws or regulations or advisable in connection with the marketing of
Securities of that series;

     (xii) whether the Securities are issuable as a Global Security and, in such case, the
terms and the identity of the Depositary for such series;

     (xiii) whether the Securities will be convertible into or exchangeable for shares of
common stock or other securities of the Company or any other Person and, if so, the terms
and conditions upon which such Securities will be so convertible or exchangeable, including
the conversion or exchange price, as applicable, or how it will be calculated and may be
adjusted, any mandatory or optional (at the Company’s option or the holders’ option)
conversion or exchange features, and the applicable conversion or exchange period;

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     (xiv) if other than the principal amount thereof, the portion of the principal amount
of Securities of the series which shall be payable upon declaration of acceleration of the
maturity thereof pursuant to Section 6.1;

     (xv) any additional or different Events of Default or restrictive covenants (which may
include, among other restrictions, restrictions on the Company’s ability or the ability of
the Company’s Subsidiaries to: incur additional indebtedness; issue additional securities;
create liens; pay dividends or make distributions in respect of their capital stock; redeem
capital stock; place restrictions on such Subsidiaries placing restrictions on their ability
to pay dividends, make distributions or transfer assets; make investments or other
restricted payments; sell or otherwise dispose of assets; enter into sale-leaseback
transactions; engage in transactions with stockholders and affiliates; issue or sell stock
of their Subsidiaries; or effect a consolidation or merger) or financial covenants (which
may include, among other financial covenants, financial covenants that require the Company
and its Subsidiaries to maintain specified interest coverage, fixed charge, cash flow-based
or asset-based ratios) provided for with respect to the Securities of the series;

     (xvi) if other than dollars, the coin or currency in which the Securities of the series
are denominated (including, but not limited to, foreign currency);

     (xvii) the terms and conditions, if any, upon which the Company shall pay amounts in
addition to the stated interest, premium, if any and principal amounts of the Securities of
the series to any Securityholder that is not a “United States person” for federal tax
purposes; and

     (xviii) any restrictions on transfer, sale or assignment of the Securities of the
series.

All Securities of any one series shall be substantially identical except as to denomination and
except as may otherwise be provided in or pursuant to any such Board Resolution or in any
indentures supplemental hereto.

If any of the terms of the series are established by action taken pursuant to a Board Resolution of
the Company, a copy of an appropriate record of such action shall be certified by the secretary or
an assistant secretary of the Company and delivered to the Trustee at or prior to the delivery of
the Officers’ Certificate of the Company setting forth the terms of the series.

Securities of any particular series may be issued at various times, with different dates on which
the principal or any installment of principal is payable, with different rates of interest, if any,
or different methods by which rates of interest may be determined, with different dates on which
such interest may be payable and with different redemption dates.

SECTION 2.2 FORM OF SECURITIES AND TRUSTEE’S CERTIFICATE.

The Securities of any series and the Trustee’s certificate of authentication to be borne by such
Securities shall be substantially of the tenor and purport as set forth in one or more indentures
supplemental hereto or as provided in a Board Resolution, and set forth in an Officers’

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Certificate, and they may have such letters, numbers or other marks of identification or
designation and such legends or endorsements printed, lithographed or engraved thereon as the
Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or
as may be required to comply with any law or with any rule or regulation made pursuant thereto or
with any rule or regulation of any securities exchange on which Securities of that series may be
listed, or to conform to usage.

SECTION 2.3 DENOMINATIONS; PROVISIONS FOR PAYMENT.

The Securities shall be issuable as registered Securities and in the denominations of one thousand
U.S. dollars ($1,000) or any integral multiple thereof, subject to Section 2.1(10). The Securities
of a particular series shall bear interest payable on the dates and at the rate specified with
respect to that series. The principal of and the interest on the Securities of any series, as well
as any premium thereon in case of redemption thereof prior to maturity, shall be payable in the
coin or currency of the United States of America that at the time is legal tender for public and
private debt, at the office or agency of the Company maintained for that purpose in the Borough of
Manhattan, the City and State of New York. Each Security shall be dated the date of its
authentication. Interest on the Securities shall be computed on the basis of a 360-day year
composed of twelve 30-day months.

The interest installment on any Security that is payable, and is punctually paid or duly provided
for, on any Interest Payment Date for Securities of that series shall be paid to the Person in
whose name said Security (or one or more Predecessor Securities) is registered at the close of
business on the regular record date for such interest installment. In the event that any Security
of a particular series or portion thereof is called for redemption and the redemption date is
subsequent to a regular record date with respect to any Interest Payment Date and prior to such
Interest Payment Date, interest on such Security will be paid upon presentation and surrender of
such Security as provided in Section 3.3.

Any interest on any Security that is payable, but is not punctually paid or duly provided for, on
any Interest Payment Date for Securities of the same series (herein called “Defaulted Interest”)
shall forthwith cease to be payable to the registered holder on the relevant regular record date by
virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its
election, as provided in clause (1) or clause (2) below:

     1. The Company may make payment of any Defaulted Interest on Securities to the Persons
in whose names such Securities (or their respective Predecessor Securities) are registered
at the close of business on a special record date for the payment of such Defaulted
Interest, which shall be fixed in the following manner: the Company shall notify the Trustee
in writing of the amount of Defaulted Interest proposed to be paid on each such Security and
the date of the proposed payment, and at the same time the Company shall deposit with the
Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of
such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such
deposit prior to the date of the proposed payment, such money when deposited to be held in
trust for the benefit of the Persons entitled to such Defaulted Interest as in this clause
provided. Thereupon the Trustee shall fix a special record date for the payment of such
Defaulted Interest which shall not be

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more than 15 nor less than 10 days prior to the date of the proposed payment and not
less than 10 days after the receipt by the Trustee of the notice of the proposed payment.
The Trustee shall promptly notify the Company of such special record date and, in the name
and at the expense of the Company, shall cause notice of the proposed payment of such
Defaulted Interest and the special record date therefor to be mailed, first class postage
prepaid, to each Securityholder at his or her address as it appears in the Security Register
(as hereinafter defined), not less than 10 days prior to such special record date. Notice of
the proposed payment of such Defaulted Interest and the special record date therefor having
been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose
names such Securities (or their respective Predecessor Securities) are registered on such
special record date.

     2. The Company may make payment of any Defaulted Interest on any Securities in any
other lawful manner not inconsistent with the requirements of any securities exchange on
which such Securities may be listed, and upon such notice as may be required by such
exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

Unless otherwise set forth in a Board Resolution or one or more indentures supplemental hereto
establishing the terms of any series of Securities pursuant to Section 2.1 hereof, the term
“regular record date” as used in this Section with respect to a series of Securities and any
Interest Payment Date for such series shall mean either the fifteenth day of the month immediately
preceding the month in which an Interest Payment Date established for such series pursuant to
Section 2.1 hereof shall occur, if such Interest Payment Date is the first day of a month, or the
last day of the month immediately preceding the month in which an Interest Payment Date established
for such series pursuant to Section 2.1 hereof shall occur, if such Interest Payment Date is the
fifteenth day of a month, whether or not such date is a Business Day.

Subject to the foregoing provisions of this Section, each Security of a series delivered under this
Indenture upon transfer of or in exchange for or in lieu of any other Security of such series shall
carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other
Security.

SECTION 2.4 EXECUTION AND AUTHENTICATIONS.

The Securities shall be signed on behalf of the Company by its chief executive officer, or one of
its presidents, or one of its senior vice presidents, or one of its vice presidents, or its chief
financial officer, or its chief legal officer, or its treasurer, or one of its assistant
treasurers, or its controller or one of its assistant controllers, or its secretary, or one of its
assistant secretaries, under its corporate seal attested by its secretary or one of its assistant
secretaries. Signatures may be in the form of a manual or facsimile signature.

The Company may use the facsimile signature of any Person who shall have been a chief executive
officer, president, senior vice president or vice president thereof, chief financial officer, chief
legal officer, treasurer or assistant treasurer, controller or assistant controller, secretary or
assistant secretary thereof, notwithstanding the fact that at the time the Securities

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shall be authenticated and delivered or disposed of such Person shall have ceased to be such an
officer of the Company. The seal of the Company may be in the form of a facsimile of such seal and
may be impressed, affixed, imprinted or otherwise reproduced on the Securities. The Securities may
contain such notations, legends or endorsements required by law, stock exchange rule or usage. Each
Security shall be dated the date of its authentication by the Trustee.

A Security shall not be valid until authenticated manually by an authorized signatory of the
Trustee, or by an Authenticating Agent. Such signature shall be conclusive evidence that the
Security so authenticated has been duly authenticated and delivered hereunder and that the holder
is entitled to the benefits of this Indenture. At any time and from time to time after the
execution and delivery of this Indenture, the Company may deliver Securities of any series executed
by the Company to the Trustee for authentication, together with a written order of the Company for
the authentication and delivery of such Securities, signed by a chief executive officer, president,
senior vice president or any vice president, chief financial officer, chief legal officer,
treasurer or assistant treasurer, controller or assistant controller, and its secretary or any
assistant secretary, and the Trustee in accordance with such written order shall authenticate and
deliver such Securities.

In authenticating such Securities and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall be entitled to receive, and (subject to
Section 7.1) shall be fully protected in relying upon, an Opinion of Counsel stating that the form
and terms thereof have been established in conformity with the provisions of this Indenture.

The Trustee shall not be required to authenticate such Securities if the issue of such Securities
pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the
Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the
Trustee.

SECTION 2.5 REGISTRATION OF TRANSFER AND EXCHANGE.

     (a) Securities of any series may be exchanged upon presentation thereof at the office or
agency of the Company designated for such purpose in the Borough of Manhattan, the City and State
of New York, for other Securities of such series of authorized denominations, and for a like
aggregate principal amount, upon payment of a sum sufficient to cover any tax or other governmental
charge in relation thereto, all as provided in this Section. In respect of any Securities so
surrendered for exchange, the Company shall execute, the Trustee shall authenticate and such office
or agency shall deliver in exchange therefor the Security or Securities of the same series that the
Securityholder making the exchange shall be entitled to receive, bearing numbers not
contemporaneously outstanding.

     (b) The Company shall keep, or cause to be kept, at its office or agency designated for such
purpose in the Borough of Manhattan, the City and State of New York, or such other location
designated by the Company, a register or registers (herein referred to as the “Security Register”)
in which, subject to such reasonable regulations as it may prescribe, the Company shall register
the Securities and the transfers of Securities as in this Article provided and which at all
reasonable times shall be open for inspection by the Trustee. The registrar for the purpose of

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registering Securities and transfer of Securities as herein provided shall be appointed as
authorized by Board Resolution (the “Security Registrar”).

Upon surrender for transfer of any Security at the office or agency of the Company designated for
such purpose, the Company shall execute, the Trustee shall authenticate and such office or agency
shall deliver in the name of the transferee or transferees a new Security or Securities of the same
series as the Security presented for a like aggregate principal amount.

All Securities presented or surrendered for exchange or registration of transfer, as provided in
this Section, shall be accompanied (if so required by the Company or the Security Registrar) by a
written instrument or instruments of transfer, in form satisfactory to the Company or the Security
Registrar, duly executed by the registered holder or by such holder’s duly authorized attorney in
writing.

     (c) Except as provided pursuant to Section 2.1 pursuant to a Board Resolution, and set forth
in an Officers’ Certificate, or established in one or more indentures supplemental to this
Indenture, no service charge shall be made for any exchange or registration of transfer of
Securities, or issue of new Securities in case of partial redemption of any series, but the Company
may require payment of a sum sufficient to cover any tax or other governmental charge in relation
thereto, other than exchanges pursuant to Section 2.6, Section 3.3(b) and Section 9.4 not involving
any transfer.

     (d) The Company shall not be required (i) to issue, exchange or register the transfer of any
Securities during a period beginning at the opening of business 15 days before the day of the
mailing of a notice of redemption of less than all the Outstanding Securities of the same series
and ending at the close of business on the day of such mailing, nor (ii) to register the transfer
of or exchange any Securities of any series or portions thereof called for redemption, other than
the unredeemed portion of any such Securities being redeemed in part. The provisions of this
Section 2.5 are, with respect to any Global Security, subject to Section 2.11 hereof.

SECTION 2.6 TEMPORARY SECURITIES.

Pending the preparation of definitive Securities of any series, the Company may execute, and the
Trustee shall authenticate and deliver, temporary Securities (printed, lithographed or typewritten)
of any authorized denomination. Such temporary Securities shall be substantially in the form of the
definitive Securities in lieu of which they are issued, but with such omissions, insertions and
variations as may be appropriate for temporary Securities, all as may be determined by the Company.
Every temporary Security of any series shall be executed by the Company and be authenticated by the
Trustee upon the same conditions and in substantially the same manner, and with like effect, as the
definitive Securities of such series. Without unnecessary delay the Company will execute and will
furnish definitive Securities of such series and thereupon any or all temporary Securities of such
series may be surrendered in exchange therefor (without charge to the holders), at the office or
agency of the Company designated for the purpose in the Borough of Manhattan, the City and State of
New York, and the Trustee shall authenticate and such office or agency shall deliver in exchange
for such temporary Securities an equal aggregate principal amount of definitive Securities of such
series, unless the Company advises the Trustee to the effect that definitive Securities need not be
executed and furnished until further notice from the

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Company. Until so exchanged, the temporary Securities of such series shall be entitled to the same
benefits under this Indenture as definitive Securities of such series authenticated and delivered
hereunder.

SECTION 2.7 MUTILATED, DESTROYED, LOST OR STOLEN SECURITIES.

In case any temporary or definitive Security shall become mutilated or be destroyed, lost or
stolen, the Company (subject to the next succeeding sentence) shall execute, and upon the Company’s
request the Trustee (subject as aforesaid) shall authenticate and deliver, a new Security of the
same series, bearing a number not contemporaneously outstanding, in exchange and substitution for
the mutilated Security, or in lieu of and in substitution for the Security so destroyed, lost or
stolen. In every case the applicant for a substituted Security shall furnish to the Company and the
Trustee such security or indemnity as may be required by them to save each of them harmless, and,
in every case of destruction, loss or theft, the applicant shall also furnish to the Company and
the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s
Security and of the ownership thereof. The Trustee may authenticate any such substituted Security
and deliver the same upon the written request or authorization of any officer of the Company. Upon
the issuance of any substituted Security, the Company may require the payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee) connected therewith.

In case any Security that has matured or is about to mature shall become mutilated or be destroyed,
lost or stolen, the Company may, instead of issuing a substitute Security, pay or authorize the
payment of the same (without surrender thereof except in the case of a mutilated Security) if the
applicant for such payment shall furnish to the Company and the Trustee such security or indemnity
as they may require to save them harmless, and, in case of destruction, loss or theft, evidence to
the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security
and of the ownership thereof.

Every replacement Security issued pursuant to the provisions of this Section shall constitute an
additional contractual obligation of the Company whether or not the mutilated, destroyed, lost or
stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to
all the benefits of this Indenture equally and proportionately with any and all other Securities of
the same series duly issued hereunder. All Securities shall be held and owned upon the express
condition that the foregoing provisions are exclusive with respect to the replacement or payment of
mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and
all other rights or remedies, notwithstanding any law or statute existing or hereafter enacted to
the contrary with respect to the replacement or payment of negotiable instruments or other
securities without their surrender.

SECTION 2.8 CANCELLATION.

All Securities surrendered for the purpose of payment, redemption, exchange or registration of
transfer shall, if surrendered to the Company or any paying agent, be delivered to the Trustee for
cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall
be issued in lieu thereof except as expressly required or permitted by any of the provisions of
this

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Indenture. On request of the Company at the time of such surrender, the Trustee shall deliver to
the Company canceled Securities held by the Trustee. In the absence of such request the Trustee may
dispose of canceled Securities in accordance with its standard procedures and deliver a certificate
of disposition to the Company. If the Company shall otherwise acquire any of the Securities,
however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness
represented by such Securities unless and until the same are delivered to the Trustee for
cancellation.

SECTION 2.9 BENEFITS OF INDENTURE.

Nothing in this Indenture or in the Securities, express or implied, shall give or be construed to
give to any Person, other than the parties hereto and the holders of the Securities any legal or
equitable right, remedy or claim under or in respect of this Indenture, or under any covenant,
condition or provision herein contained; all such covenants, conditions and provisions being for
the sole benefit of the parties hereto and of the holders of the Securities.

SECTION 2.10 AUTHENTICATING AGENT.

So long as any of the Securities of any series remain Outstanding there may be an Authenticating
Agent for any or all such series of Securities which the Trustee shall have the right to appoint.
Said Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate
Securities of such series issued upon exchange, transfer or partial redemption thereof, and
Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid
and obligatory for all purposes as if authenticated by the Trustee hereunder. All references in
this Indenture to the authentication of Securities by the Trustee shall be deemed to include
authentication by an Authenticating Agent for such series. Each Authenticating Agent shall be
acceptable to the Company and shall be a corporation that has a combined capital and surplus, as
most recently reported or determined by it, sufficient under the laws of any jurisdiction under
which it is organized or in which it is doing business to conduct a trust business, and that is
otherwise authorized under such laws to conduct such business and is subject to supervision or
examination by federal or state authorities. If at any time any Authenticating Agent shall cease to
be eligible in accordance with these provisions, it shall resign immediately.

Any Authenticating Agent may at any time resign by giving written notice of resignation to the
Trustee and to the Company. The Trustee may at any time (and upon request by the Company shall)
terminate the agency of any Authenticating Agent by giving written notice of termination to such
Authenticating Agent and to the Company. Upon resignation, termination or cessation of eligibility
of any Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent
acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its appointment
hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder
as if originally named as an Authenticating Agent pursuant hereto.

SECTION 2.11 GLOBAL SECURITIES.

     (a) If the Company shall establish pursuant to Section 2.1 that the Securities of a particular
series are to be issued as a Global Security, then the Company shall execute and the

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Trustee shall, in accordance with Section 2.4, authenticate and deliver, a Global Security
that (i) shall represent, and shall be denominated in an amount equal to the aggregate principal
amount of, all of the Outstanding Securities of such series, (ii) shall be registered in the name
of the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary or
pursuant to the Depositary’s instruction and (iv) shall bear a legend substantially to the
following effect: “Except as otherwise provided in Section 2.11 of the Indenture, this Security may
be transferred, in whole but not in part, only to another nominee of the Depositary or to a
successor Depositary or to a nominee of such successor Depositary.”

     (b) Notwithstanding the provisions of Section 2.5, the Global Security of a series may be
transferred, in whole but not in part and in the manner provided in Section 2.5, only to another
nominee of the Depositary for such series, or to a successor Depositary for such series selected or
approved by the Company or to a nominee of such successor Depositary.

     (c) If at any time the Depositary for a series of the Securities notifies the Company that it
is unwilling or unable to continue as Depositary for such series or if at any time the Depositary
for such series shall no longer be registered or in good standing under the Exchange Act, or other
applicable statute or regulation, and a successor Depositary for such series is not appointed by
the Company within 90 days after the Company receives such notice or becomes aware of such
condition, as the case may be, or if an Event of Default has occurred and is continuing and the
Company has received a request from the Depositary, this Section 2.11 shall no longer be applicable
to the Securities of such series and the Company will execute, and subject to Section 2.4, the
Trustee will authenticate and deliver the Securities of such series in definitive registered form
without coupons, in authorized denominations, and in an aggregate principal amount equal to the
principal amount of the Global Security of such series in exchange for such Global Security. In
addition, the Company may at any time determine that the Securities of any series shall no longer
be represented by a Global Security and that the provisions of this Section 2.11 shall no longer
apply to the Securities of such series. In such event the Company will execute and, subject to
Section 2.4, the Trustee, upon receipt of an Officers’ Certificate evidencing such determination by
the Company, will authenticate and deliver the Securities of such series in definitive registered
form without coupons, in authorized denominations, and in an aggregate principal amount equal to
the principal amount of the Global Security of such series in exchange for such Global Security.
Upon the exchange of the Global Security for such Securities in definitive registered form without
coupons, in authorized denominations, the Global Security shall be canceled by the Trustee. Such
Securities in definitive registered form issued in exchange for the Global Security pursuant to
this Section 2.11(c) shall be registered in such names and in such authorized denominations as the
Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to
the Persons in whose names such Securities are so registered.

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ARTICLE 3.

REDEMPTION OF SECURITIES AND

SINKING FUND PROVISIONS

SECTION 3.1 REDEMPTION.

The Company may redeem the Securities of any series issued hereunder on and after the dates and in
accordance with the terms established for such series pursuant to Section 2.1 hereof.

SECTION 3.2 NOTICE OF REDEMPTION.

     (a) In case the Company shall desire to exercise such right to redeem all or, as the case may
be, a portion of the Securities of any series in accordance with any right the Company reserved for
itself to do so pursuant to Section 2.1 hereof, the Company shall, or shall cause the Trustee to,
give notice of such redemption to holders of the Securities of such series to be redeemed by
mailing, first class postage prepaid, a notice of such redemption not less than 30 days and not
more than 90 days before the date fixed for redemption of that series to such holders at their last
addresses as they shall appear upon the Security Register, unless a shorter period is specified in
the Securities to be redeemed. Any notice that is mailed in the manner herein provided shall be
conclusively presumed to have been duly given, whether or not the registered holder receives the
notice. In any case, failure duly to give such notice to the holder of any Security of any series
designated for redemption in whole or in part, or any defect in the notice, shall not affect the
validity of the proceedings for the redemption of any other Securities of such series or any other
series. In the case of any redemption of Securities prior to the expiration of any restriction on
such redemption provided in the terms of such Securities or elsewhere in this Indenture, the
Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with any such
restriction.

Each such notice of redemption shall specify the date fixed for redemption and the redemption price
at which Securities of that series are to be redeemed, and shall state that payment of the
redemption price of such Securities to be redeemed will be made at the office or agency of the
Company in the Borough of Manhattan, the City and State of New York, upon presentation and
surrender of such Securities, that interest accrued to the date fixed for redemption will be paid
as specified in said notice, that from and after said date interest will cease to accrue and that
the redemption is for a sinking fund, if such is the case. If less than all the Securities of a
series are to be redeemed, the notice to the holders of Securities of that series to be redeemed in
part shall specify the particular Securities to be so redeemed.

In case any Security is to be redeemed in part only, the notice that relates to such Security shall
state the portion of the principal amount thereof to be redeemed, and shall state that on and after
the redemption date, upon surrender of such Security, a new Security or Securities of such series
in principal amount equal to the unredeemed portion thereof will be issued.

     (b) If less than all the Securities of a series are to be redeemed, the Company shall give the
Trustee at least 45 days’ notice in advance of the date fixed for redemption as to the aggregate
principal amount of Securities of the series to be redeemed, and thereupon the Trustee

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shall select, by lot or in such other manner as it shall deem appropriate and fair in its
discretion and that may provide for the selection of a portion or portions (equal to one thousand
U.S. dollars ($1,000) or any integral multiple thereof) of the principal amount of such Securities
of a denomination larger than $1,000, the Securities to be redeemed and shall thereafter promptly
notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part.
The Company may, if and whenever it shall so elect, by delivery of instructions signed on its
behalf by its chief executive officer, president or any senior vice president or vice president,
instruct the Trustee or any paying agent to call all or any part of the Securities of a particular
series for redemption and to give notice of redemption in the manner set forth in this Section,
such notice to be in the name of the Company or its own name as the Trustee or such paying agent
may deem advisable. In any case in which notice of redemption is to be given by the Trustee or any
such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with,
the Trustee or such paying agent, as the case may be, such Security Register, transfer books or
other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such
paying agent to give any notice by mail that may be required under the provisions of this Section.

SECTION 3.3  PAYMENT UPON REDEMPTION.

     (a) If the giving of notice of redemption shall have been completed as above provided, the
Securities or portions of Securities of the series to be redeemed specified in such notice shall
become due and payable on the date and at the place stated in such notice at the applicable
redemption price, together with interest accrued to the date fixed for redemption and interest on
such Securities or portions of Securities shall cease to accrue on and after the date fixed for
redemption, unless the Company shall default in the payment of such redemption price and accrued
interest with respect to any such Security or portion thereof. On presentation and surrender of
such Securities on or after the date fixed for redemption at the place of payment specified in the
notice, said Securities shall be paid and redeemed at the applicable redemption price for such
series, together with interest accrued thereon to the date fixed for redemption (but if the date
fixed for redemption is an interest payment date, the interest installment payable on such date
shall be payable to the registered holder at the close of business on the applicable record date
pursuant to Section 2.3).

     (b) Upon presentation of any Security of such series that is to be redeemed in part only, the
Company shall execute and the Trustee shall authenticate and the office or agency where the
Security is presented shall deliver to the holder thereof, at the expense of the Company, a new
Security of the same series of authorized denominations in principal amount equal to the unredeemed
portion of the Security so presented.

SECTION 3.4 SINKING FUND.

The provisions of Sections 3.4, 3.5 and 3.6 shall be applicable to any sinking fund for the
retirement of Securities of a series, except as otherwise specified as contemplated by Section 2.1
for Securities of such series.

The minimum amount of any sinking fund payment provided for by the terms of Securities of any
series is herein referred to as a “mandatory sinking fund payment,” and any payment in

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excess of such minimum amount provided for by the terms of Securities of any series is herein
referred to as an “optional sinking fund payment”. If provided for by the terms of Securities of
any series, the cash amount of any sinking fund payment may be subject to reduction as provided in
Section 3.5. Each sinking fund payment shall be applied to the redemption of Securities of any
series as provided for by the terms of Securities of such series.

SECTION 3.5 SATISFACTION OF SINKING FUND PAYMENTS WITH SECURITIES.

The Company (i) may deliver Outstanding Securities of a series and (ii) may apply as a credit
Securities of a series that have been redeemed either at the election of the Company pursuant to
the terms of such Securities or through the application of permitted optional sinking fund payments
pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any
sinking fund payment with respect to the Securities of such series required to be made pursuant to
the terms of such Securities as provided for by the terms of such series, provided that such
Securities have not been previously so credited. Such Securities shall be received and credited for
such purpose by the Trustee at the redemption price specified in such Securities for redemption
through operation of the sinking fund and the amount of such sinking fund payment shall be reduced
accordingly.

SECTION 3.6 REDEMPTION OF SECURITIES FOR SINKING FUND.

Not less than 45 days prior to each sinking fund payment date for any series of Securities, the
Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
ensuing sinking fund payment for that series pursuant to the terms of the series, the portion
thereof, if any, that is to be satisfied by delivering and crediting Securities of that series
pursuant to Section 3.5 and the basis for such credit and will, together with such Officers’
Certificate, deliver to the Trustee any Securities to be so delivered. Not less than 30 days before
each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon
such sinking fund payment date in the manner specified in Section 3.2 and cause notice of the
redemption thereof to be given in the name of and at the expense of the Company in the manner
provided in Section 3.2. Such notice having been duly given, the redemption of such Securities
shall be made upon the terms and in the manner stated in Section 3.3.

ARTICLE 4. 

COVENANTS

SECTION 4.1 PAYMENT OF PRINCIPAL, PREMIUM AND INTEREST.

The Company will duly and punctually pay or cause to be paid the principal of (and premium, if any)
and interest on the Securities of that series at the time and place and in the manner provided
herein and established with respect to such Securities. Payments of principal on the Securities may
be made at the time provided herein and established with respect to such Securities by U.S. dollar
check drawn on and mailed to the address of the Securityholder entitled thereto as such address
shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account (such
a wire transfer to be made only to a Securityholder of an aggregate principal amount of Securities
of the applicable series in excess of U.S. $2,000,000 and only if such Securityholder

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shall have furnished wire instructions to the Trustee no later than 15 days prior to the relevant
payment date). Payments of interest on the Securities may be made at the time provided herein and
established with respect to such Securities by U.S. dollar check mailed to the address of the
Securityholder entitled thereto as such address shall appear in the Security Register, or U.S.
dollar wire transfer to, a U.S. dollar account (such a wire transfer to be made only to a
Securityholder of an aggregate principal amount of Securities of the applicable series in excess of
U.S. $2,000,000 and only if such Securityholder shall have furnished wire instructions in writing
to the Security Registrar and the Trustee no later than 15 days prior to the relevant payment
date).

SECTION 4.2 MAINTENANCE OF OFFICE OR AGENCY.

So long as any series of the Securities remain Outstanding, the Company agrees to maintain an
office or agency in the Borough of Manhattan, the City and State of New York, with respect to each
such series and at such other location or locations as may be designated as provided in this
Section 4.2, where (i) Securities of that series may be presented for payment, (ii) Securities of
that series may be presented as herein above authorized for registration of transfer and exchange,
and (iii) notices and demands to or upon the Company in respect of the Securities of that series
and this Indenture may be given or served, such designation to continue with respect to such office
or agency until the Company shall, by written notice signed by any officer authorized to sign an
Officers’ Certificate and delivered to the Trustee, designate some other office or agency for such
purposes or any of them. If at any time the Company shall fail to maintain any such required office
or agency or shall fail to furnish the Trustee with the address thereof, such presentations,
notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the
Company hereby appoints the Trustee as its agent to receive all such presentations, notices and
demands. The Company initially appoints the corporate trust office of [                                        ], an
affiliate of the Trustee, located in the Borough of Manhattan, the City of New York as its paying
agent with respect to the Securities.

SECTION 4.3 PAYING AGENTS.

     (a) If the Company shall appoint one or more paying agents for all or any series of the
Securities, other than the Trustee, the Company will cause each such paying agent to execute and
deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to
the provisions of this Section:

     (i) that it will hold all sums held by it as such agent for the payment of the
principal of (and premium, if any) or interest on the Securities of that series (whether
such sums have been paid to it by the Company or by any other obligor of such Securities) in
trust for the benefit of the Persons entitled thereto;

     (ii) that it will give the Trustee notice of any failure by the Company (or by any
other obligor of such Securities) to make any payment of the principal of (and premium, if
any) or interest on the Securities of that series when the same shall be due and payable;

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     (iii) that it will, at any time during the continuance of any failure referred to in
the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith pay
to the Trustee all sums so held in trust by such paying agent; and

     (iv) that it will perform all other duties of paying agent as set forth in this
Indenture.

     (b) If the Company shall act as its own paying agent with respect to any series of the
Securities, it will on or before each due date of the principal of (and premium, if any) or
interest on Securities of that series, set aside, segregate and hold in trust for the benefit of
the Persons entitled thereto a sum sufficient to pay such principal (and premium, if any) or
interest so becoming due on Securities of that series until such sums shall be paid to such Persons
or otherwise disposed of as herein provided and will promptly notify the Trustee of such action, or
any failure (by it or any other obligor on such Securities) to take such action. Whenever the
Company shall have one or more paying agents for any series of Securities, it will, prior to each
due date of the principal of (and premium, if any) or interest on any Securities of that series,
deposit with the paying agent a sum sufficient to pay the principal (and premium, if any) or
interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to
such principal, premium or interest, and (unless such paying agent is the Trustee) the Company will
promptly notify the Trustee of this action or failure so to act.

     (c) Notwithstanding anything in this Section to the contrary, (i) the agreement to hold sums
in trust as provided in this Section is subject to the provisions of Section 11.7, and (ii) the
Company may at any time, for the purpose of obtaining the satisfaction and discharge of this
Indenture or for any other purpose, pay, or direct any paying agent to pay, to the Trustee all sums
held in trust by the Company or such paying agent, such sums to be held by the Trustee upon the
same terms and conditions as those upon which such sums were held by the Company or such paying
agent; and, upon such payment by the Company or any paying agent to the Trustee, the Company or
such paying agent shall be released from all further liability with respect to such money.

SECTION 4.4 APPOINTMENT TO FILL VACANCY IN OFFICE OF TRUSTEE.

The Company, whenever necessary to avoid or fill a vacancy in the office of Trustee, will appoint,
in the manner provided in Section 7.10, a Trustee, so that there shall at all times be a Trustee
hereunder.

SECTION 4.5 COMPLIANCE WITH CONSOLIDATION PROVISIONS.

The Company will not, while any of the Securities remain Outstanding, consolidate with or merge
into any other Person, in either case where the Company is not the survivor of such transaction, or
sell or convey all or substantially all of its property to any other Person unless the provisions
of Article Ten hereof are complied with.

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ARTICLE 5.

SECURITYHOLDERS’ LISTS AND REPORTS BY

THE COMPANY AND THE TRUSTEE

SECTION 5.1 COMPANY TO FURNISH TRUSTEE NAMES AND ADDRESSES OF SECURITYHOLDERS.

The Company will furnish or cause to be furnished to the Trustee (a) on each regular record date
(as defined in Section 2.3) a list, in such form as the Trustee may reasonably require, of the
names and addresses of the holders of each series of Securities as of such regular record date,
provided that the Company shall not be obligated to furnish or cause to furnish such list at any
time that the list shall not differ in any respect from the most recent list furnished to the
Trustee by the Company and (b) at such other times as the Trustee may request in writing within 30
days after the receipt by the Company of any such request, a list of similar form and content as of
a date not more than 15 days prior to the time such list is furnished; provided, however, that, in
either case, no such list need be furnished for any series for which the Trustee shall be the
Security Registrar.

SECTION 5.2 PRESERVATION OF INFORMATION; COMMUNICATIONS WITH SECURITYHOLDERS.

     (a) The Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the holders of Securities contained in the most recent
list furnished to it as provided in Section 5.1 and as to the names and addresses of holders of
Securities received by the Trustee in its capacity as Security Registrar (if acting in such
capacity).

     (b) The Trustee may destroy any list furnished to it as provided in Section 5.1 upon receipt
of a new list so furnished.

     (c) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act
with other Securityholders with respect to their rights under this Indenture or under the
Securities, and, in connection with any such communications, the Trustee shall satisfy its
obligations under Section 312(b) of the Trust Indenture Act in accordance with the provisions of
Section 312(b) of the Trust Indenture Act.

SECTION 5.3 REPORTS BY THE COMPANY.

The Company covenants and agrees to provide a copy to the Trustee, within 15 days after the Company
is required to file the same with the Securities and Exchange Commission, copies of the annual
reports and of the information, documents and other reports (or copies of such portions of any of
the foregoing as the Securities and Exchange Commission may from time to time by rules and
regulations prescribe) that the Company may be required to file with the Securities and Exchange
Commission pursuant to Section 13 or Section 15(d) of the Exchange Act.

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SECTION 5.4 REPORTS BY THE TRUSTEE.

     (a) The Trustee shall transmit to the Securityholders such reports concerning the Trustee and
its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the time
and in the manner provided pursuant thereto. If required by Section 313(a) of the Trust Indenture
Act, the Trustee shall, within 60 days after each May 15 following the date of this Indenture,
deliver to Holders a brief report, dated as of such May 15, which complies with the provisions of
such Section 313(a).

     (b) The Trustee shall comply with Section 313(b) and 313(c) of the Trust Indenture Act.

     (c) A copy of each such report shall, at the time of such transmission to Securityholders, be
filed by the Trustee with the Company, with each securities exchange upon which any Securities are
listed (if so listed) and also with the Securities and Exchange Commission. The Company agrees to
notify the Trustee when any Securities become listed on any securities exchange.

ARTICLE 6.

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS

ON EVENT OF DEFAULT

SECTION 6.1 EVENTS OF DEFAULT.

     (a) Whenever used herein with respect to Securities of a particular series, “Event of Default”
means any one or more of the following events that has occurred and is continuing:

     (i) the Company defaults in the payment of any installment of interest upon any of the
Securities of that series, as and when the same shall become due and payable, and such
default continues for a period of 30 days; provided, however, that a valid extension of an
interest payment period by the Company in accordance with the terms of any indenture
supplemental hereto shall not constitute a default in the payment of interest for this
purpose;

     (ii) the Company defaults in the payment of the principal of (or premium, if any, on)
any of the Securities of that series as and when the same shall become due and payable
whether at maturity, upon redemption, by declaration or otherwise, or in any payment
required by any sinking or analogous fund established with respect to that series; provided,
however, that a valid extension of the maturity of such Securities in accordance with the
terms of any indenture supplemental hereto shall not constitute a default in the payment of
principal or premium, if any;

     (iii) the Company fails to observe or perform any other of its covenants or agreements
with respect to that series contained in this Indenture or otherwise established with
respect to that series of Securities pursuant to Section 2.1 hereof (other than a covenant
or agreement that has been expressly included in this Indenture solely for the benefit of
one or more series of Securities other than such series) for a period of 90 days

26

 

after the date on which written notice of such failure, requiring the same to be
remedied and stating that such notice is a “Notice of Default” hereunder, shall have been
given to the Company by the Trustee, by registered or certified mail, or to the Company and
the Trustee by the holders of at least 25% in principal amount of the Securities of that
series at the time Outstanding;

     (iv) the Company pursuant to or within the meaning of any Bankruptcy Law (i) commences
a voluntary case, (ii) consents to the entry of an order for relief against it in an
involuntary case, (iii) consents to the appointment of a Custodian of it or for all or
substantially all of its property or (iv) makes a general assignment for the benefit of its
creditors; or

     (v) a court of competent jurisdiction enters an order under any Bankruptcy Law that
(i) is for relief against the Company in an involuntary case, (ii) appoints a Custodian of
the Company for all or substantially all of its property or (iii) orders the liquidation of
the Company, and the order or decree remains unstayed and in effect for 90 days.

     (b) In each and every such case (other than an Event of Default specified in clause (4) or
clause (5) above), unless the principal of all the Securities of that series shall have already
become due and payable, either the Trustee or the holders of not less than 25% in aggregate
principal amount of the Securities of that series then Outstanding hereunder, by notice in writing
to the Company (and to the Trustee if given by such Securityholders), may declare the principal of
(and premium, if any, on) and accrued and unpaid interest on all the Securities of that series to
be due and payable immediately, and upon any such declaration the same shall become and shall be
immediately due and payable. If an Event of Default specified in clause (4) or clause (5) above
occurs, the principal of and accrued and unpaid interest on all the Securities of that series shall
automatically be immediately due and payable without any declaration or other act on the part of
the Trustee or the holders of the Securities.

     (c) At any time after the principal of (and premium, if any, on) and accrued and unpaid
interest on the Securities of that series shall have been so declared due and payable, and before
any judgment or decree for the payment of the moneys due shall have been obtained or entered as
hereinafter provided, the holders of a majority in aggregate principal amount of the Securities of
that series then Outstanding hereunder, by written notice to the Company and the Trustee, may
rescind and annul such declaration and its consequences if: (i) the Company has paid or deposited
with the Trustee a sum sufficient to pay all matured installments of interest upon all the
Securities of that series and the principal of (and premium, if any, on) any and all Securities of
that series that shall have become due otherwise than by acceleration (with interest upon such
principal and premium, if any, and, to the extent that such payment is enforceable under applicable
law, upon overdue installments of interest, at the rate per annum expressed in the Securities of
that series to the date of such payment or deposit) and the amount payable to the Trustee under
Section 7.6, and (ii) any and all Events of Default under the Indenture with respect to such
series, other than the nonpayment of principal on (and premium, if any, on) and accrued and unpaid
interest on Securities of that series that shall not have become due by their terms, shall have
been remedied or waived as provided in Section 6.6.

27

 

No such rescission and annulment shall extend to or shall affect any subsequent default or impair
any right consequent thereon.

     (d) In case the Trustee shall have proceeded to enforce any right with respect to Securities
of that series under this Indenture and such proceedings shall have been discontinued or abandoned
because of such rescission or annulment or for any other reason or shall have been determined
adversely to the Trustee, then and in every such case, subject to any determination in such
proceedings, the Company and the Trustee shall be restored respectively to their former positions
and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall
continue as though no such proceedings had been taken.

SECTION 6.2 COLLECTION OF INDEBTEDNESS AND SUITS FOR ENFORCEMENT BY TRUSTEE.

     (a) The Company covenants that (i) in case it shall default in the payment of any installment
of interest on any of the Securities of a series, and such default shall have continued for a
period of 90 Business Days, or (ii) in case it shall default in the payment of the principal of (or
premium, if any, on) any of the Securities of a series when the same shall have become due and
payable, whether upon maturity of the Securities of a series or upon redemption or upon declaration
or otherwise, or in any payment required by any sinking or analogous fund established with respect
to that series as and when the same shall have become due and payable, then, upon demand of the
Trustee, the Company will pay to the Trustee, for the benefit of the holders of the Securities of
that series, the whole amount that then shall have been become due and payable on all such
Securities for principal (and premium, if any) or interest, or both, as the case may be, with
interest upon the overdue principal (and premium, if any) and (to the extent that payment of such
interest is enforceable under applicable law) upon overdue installments of interest at the rate per
annum expressed in the Securities of that series; and, in addition thereto, such further amount as
shall be sufficient to cover the costs and expenses of collection, and the amount payable to the
Trustee under Section 7.6.

     (b) If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in
its own name and as trustee of an express trust, shall be entitled and empowered to institute any
action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may
prosecute any such action or proceeding to judgment or final decree, and may enforce any such
judgment or final decree against the Company or other obligor upon the Securities of that series
and collect the moneys adjudged or decreed to be payable in the manner provided by law or equity
out of the property of the Company or other obligor upon the Securities of that series, wherever
situated.

     (c) In case of any receivership, insolvency, liquidation, bankruptcy, reorganization,
readjustment, arrangement, composition or judicial proceedings affecting the Company, or its
creditors or property, the Trustee shall have power to intervene in such proceedings and take any
action therein that may be permitted by the court and shall (except as may be otherwise provided by
law) be entitled to file such proofs of claim and other papers and documents as may be necessary or
advisable in order to have the claims of the Trustee and of the holders of Securities of such
series allowed for the entire amount due and payable by the Company under the Indenture at the date
of institution of such proceedings and for any additional amount that may

28

 

become due and payable by the Company after such date, and to collect and receive any moneys
or other property payable or deliverable on any such claim, and to distribute the same after the
deduction of the amount payable to the Trustee under Section 7.6; and any receiver, assignee or
trustee in bankruptcy or reorganization is hereby authorized by each of the holders of Securities
of such series to make such payments to the Trustee, and, in the event that the Trustee shall
consent to the making of such payments directly to such Securityholders, to pay to the Trustee any
amount due it under Section 7.6.

     (d) All rights of action and of asserting claims under this Indenture, or under any of the
terms established with respect to Securities of that series, may be enforced by the Trustee without
the possession of any of such Securities, or the production thereof at any trial or other
proceeding relative thereto, and any such suit or proceeding instituted by the Trustee shall be
brought in its own name as trustee of an express trust, and any recovery of judgment shall, after
provision for payment to the Trustee of any amounts due under Section 7.6, be for the ratable
benefit of the holders of the Securities of such series.

In case of an Event of Default hereunder, the Trustee may in its discretion proceed to protect and
enforce the rights vested in it by this Indenture by such appropriate judicial proceedings as the
Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in
equity or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or
agreement contained in the Indenture or in aid of the exercise of any power granted in this
Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture
or by law.

Nothing contained herein shall be deemed to authorize the Trustee to authorize or consent to or
accept or adopt on behalf of any Securityholder any plan of reorganization, arrangement, adjustment
or composition affecting the Securities of that series or the rights of any holder thereof or to
authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

SECTION 6.3 APPLICATION OF MONEYS COLLECTED.

Any moneys collected by the Trustee pursuant to this Article with respect to a particular series of
Securities shall be applied in the following order, at the date or dates fixed by the Trustee and,
in case of the distribution of such moneys on account of principal (or premium, if any) or
interest, upon presentation of the Securities of that series, and notation thereon of the payment,
if only partially paid, and upon surrender thereof if fully paid:

FIRST: To the payment of reasonable costs and expenses of collection and of all amounts payable to
the Trustee under Section 7.6;

SECOND: To the payment of the amounts then due and unpaid upon Securities of such series for
principal (and premium, if any) and interest, in respect of which or for the benefit of which such
money has been collected, ratably, without preference or priority of any kind, according to the
amounts due and payable on such Securities for principal (and premium, if any) and interest,
respectively; and

29

 

THIRD: To the payment of the remainder, if any, to the Company or any other Person lawfully
entitled thereto.

SECTION 6.4 LIMITATION ON SUITS.

No holder of any Security of any series shall have any right by virtue or by availing of any
provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or
under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any
other remedy hereunder, unless (i) such holder previously shall have given to the Trustee written
notice of an Event of Default and of the continuance thereof with respect to the Securities of such
series specifying such Event of Default, as hereinbefore provided; (ii) the holders of not less
than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have
made written request upon the Trustee to institute such action, suit or proceeding in its own name
as Trustee hereunder; (iii) such holder or holders shall have offered to the Trustee such
reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred
therein or thereby; (iv) the Trustee for 90 days after its receipt of such notice, request and
offer of indemnity, shall have failed to institute any such action, suit or proceeding and (v)
during such 90 day period, the holders of a majority in principal amount of the Securities of that
series do not give the Trustee a direction inconsistent with the request.

Notwithstanding anything contained herein to the contrary or any other provisions of this
Indenture, the right of any holder of any Security to receive payment of the principal of (and
premium, if any) and interest on such Security, as therein provided, on or after the respective due
dates expressed in such Security (or in the case of redemption, on the redemption date), or to
institute suit for the enforcement of any such payment on or after such respective dates or
redemption date, shall not be impaired or affected without the consent of such holder and by
accepting a Security hereunder it is expressly understood, intended and covenanted by the taker and
holder of every Security of such series with every other such taker and holder and the Trustee,
that no one or more holders of Securities of such series shall have any right in any manner
whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or
prejudice the rights of the holders of any other of such Securities, or to obtain or seek to obtain
priority over or preference to any other such holder, or to enforce any right under this Indenture,
except in the manner herein provided and for the equal, ratable and common benefit of all holders
of Securities of such series. For the protection and enforcement of the provisions of this Section,
each and every Securityholder and the Trustee shall be entitled to such relief as can be given
either at law or in equity.

SECTION 6.5 RIGHTS AND REMEDIES CUMULATIVE; DELAY OR OMISSION NOT WAIVER.

(a) Except as otherwise provided in Section 2.7, all powers and remedies given by this Article
to the Trustee or to the Securityholders shall, to the extent permitted by law, be deemed
cumulative and not exclusive of any other powers and remedies available to the Trustee or the
holders of the Securities, by judicial proceedings or otherwise, to enforce the performance or
observance of the covenants and agreements contained in this Indenture or otherwise established
with respect to such Securities.

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     (b) No delay or omission of the Trustee or of any holder of any of the Securities to exercise
any right or power accruing upon any Event of Default occurring and continuing as aforesaid shall
impair any such right or power, or shall be construed to be a waiver of any such default or an
acquiescence therein; and, subject to the provisions of Section 6.4, every power and remedy given
by this Article or by law to the Trustee or the Securityholders may be exercised from time to time,
and as often as shall be deemed expedient, by the Trustee or by the Securityholders.

SECTION 6.6 CONTROL BY SECURITYHOLDERS.

The holders of a majority in aggregate principal amount of the Securities of any series at the time
Outstanding, determined in accordance with Section 8.4, shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred on the Trustee with respect to such series; provided,
however, that such direction shall not be in conflict with any rule of law or with this Indenture.
Subject to the provisions of Section 7.1, the Trustee shall have the right to decline to follow any
such direction if the Trustee in good faith shall, by a Responsible Officer or officers of the
Trustee, determine that the proceeding so directed, subject to the Trustee’s duties under the Trust
Indenture Act, would involve the Trustee in personal liability or might be unduly prejudicial to
the Securityholders not involved in the proceeding. The holders of a majority in aggregate
principal amount of the Securities of any series at the time Outstanding affected thereby,
determined in accordance with Section 8.4, may on behalf of the holders of all of the Securities of
such series waive any past default in the performance of any of the covenants contained herein or
established pursuant to Section 2.1 with respect to such series and its consequences, except a
default in the payment of the principal of, or premium, if any, or interest on, any of the
Securities of that series as and when the same shall become due by the terms of such Securities
otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all
matured installments of interest and principal and any premium has been deposited with the Trustee
(in accordance with Section 6.1(c)). Upon any such waiver, the default covered thereby shall be
deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders
of the Securities of such series shall be restored to their former positions and rights hereunder,
respectively; but no such waiver shall extend to any subsequent or other default or impair any
right consequent thereon.

SECTION 6.7 UNDERTAKING TO PAY COSTS.

All parties to this Indenture agree, and each holder of any Securities by such holder’s acceptance
thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit
for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee
for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of
an undertaking to pay the costs of such suit, and that such court may in its discretion assess
reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit,
having due regard to the merits and good faith of the claims or defenses made by such party
litigant; but the provisions of this Section shall not apply to any suit instituted by the Trustee,
to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in
aggregate principal amount of the Outstanding Securities of any series, or to any suit instituted
by any Securityholder for the enforcement of the payment of the principal of (or premium, if

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any) or interest on any Security of such series, on or after the respective due dates expressed in
such Security or established pursuant to this Indenture.

ARTICLE 7.

CONCERNING THE TRUSTEE

SECTION 7.1 CERTAIN DUTIES AND RESPONSIBILITIES OF TRUSTEE.

     (a) The Trustee, prior to the occurrence of an Event of Default with respect to the Securities
of a series and after the curing of all Events of Default with respect to the Securities of that
series that may have occurred, shall undertake to perform with respect to the Securities of such
series such duties and only such duties as are specifically set forth in this Indenture, and no
implied covenants shall be read into this Indenture against the Trustee. In case an Event of
Default with respect to the Securities of a series has occurred (that has not been cured or
waived), the Trustee shall exercise with respect to Securities of that series such of the rights
and powers vested in it by this Indenture, and use the same degree of care and skill in their
exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own
affairs.

     (b) No provision of this Indenture shall be construed to relieve the Trustee from liability
for its own negligent action, its own negligent failure to act, or its own willful misconduct,
except that:

     (i) prior to the occurrence of an Event of Default with respect to the Securities of a
series and after the curing or waiving of all such Events of Default with respect to that
series that may have occurred:

     (A) the duties and obligations of the Trustee shall with respect to the
Securities of such series be determined solely by the express provisions of this
Indenture, and the Trustee shall not be liable with respect to the Securities of
such series except for the performance of such duties and obligations as are
specifically set forth in this Indenture, and no implied covenants or obligations
shall be read into this Indenture against the Trustee; and

     (B) in the absence of bad faith on the part of the Trustee, the Trustee may
with respect to the Securities of such series conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon any
certificates or opinions furnished to the Trustee and conforming to the requirements
of this Indenture; but in the case of any such certificates or opinions that by any
provision hereof are specifically required to be furnished to the Trustee, the
Trustee shall be under a duty to examine the same to determine whether or not they
conform to the requirement of this Indenture;

     (ii) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that
the Trustee was negligent in ascertaining the pertinent facts;

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     (iii) the Trustee shall not be liable with respect to any action taken or omitted to be
taken by it in good faith in accordance with the direction of the holders of not less than a
majority in principal amount of the Securities of any series at the time Outstanding
relating to the time, method and place of conducting any proceeding for any remedy available
to the Trustee, or exercising any trust or power conferred upon the Trustee under this
Indenture with respect to the Securities of that series; and

     (iv) None of the provisions contained in this Indenture shall require the Trustee to
expend or risk its own funds or otherwise incur personal financial liability in the
performance of any of its duties or in the exercise of any of its rights or powers if there
is reasonable ground for believing that the repayment of such funds or liability is not
reasonably assured to it under the terms of this Indenture or adequate indemnity against
such risk is not reasonably assured to it.

SECTION 7.2 CERTAIN RIGHTS OF TRUSTEE.

Except as otherwise provided in Section 7.1:

     (a) The Trustee may rely and shall be protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order,
approval, bond, security or other paper or document believed by it to be genuine and to have been
signed or presented by the proper party or parties;

     (b) Any request, direction, order or demand of the Company mentioned herein shall be
sufficiently evidenced by a Board Resolution or an instrument signed in the name of the Company by
any authorized officer of the Company (unless other evidence in respect thereof is specifically
prescribed herein);

     (c) The Trustee may consult with counsel and the written advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection in respect of any action taken
or suffered or omitted hereunder in good faith and in reliance thereon;

     (d) The Trustee shall be under no obligation to exercise any of the rights or powers vested in
it by this Indenture at the request, order or direction of any of the Securityholders pursuant to
the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee
reasonable security or indemnity against the costs, expenses and liabilities that may be incurred
therein or thereby; nothing contained herein shall, however, relieve the Trustee of the obligation,
upon the occurrence of an Event of Default with respect to a series of the Securities (that has not
been cured or waived), to exercise with respect to Securities of that series such of the rights and
powers vested in it by this Indenture, and to use the same degree of care and skill in their
exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own
affairs;

     (e) The Trustee shall not be liable for any action taken or omitted to be taken by it in good
faith and believed by it to be authorized or within the discretion or rights or powers conferred
upon it by this Indenture;

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     (f) The Trustee shall not be bound to make any investigation into the facts or matters stated
in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent,
order, approval, bond, security, or other papers or documents, unless requested in writing so to do
by the holders of not less than a majority in principal amount of the Outstanding Securities of the
particular series affected thereby (determined as provided in Section 8.4); provided, however, that
if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely
to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not
reasonably assured to the Trustee by the security afforded to it by the terms of this Indenture,
the Trustee may require reasonable indemnity against such costs, expenses or liabilities as a
condition to so proceeding. The reasonable expense of every such examination shall be paid by the
Company or, if paid by the Trustee, shall be repaid by the Company upon demand; and

     (g) The Trustee may execute any of the trusts or powers hereunder or perform any duties
hereunder either directly or by or through agents or attorneys and the Trustee shall not be
responsible for any misconduct or negligence on the part of any agent or attorney appointed with
due care by it hereunder.

SECTION 7.3 TRUSTEE NOT RESPONSIBLE FOR RECITALS OR ISSUANCE OR SECURITIES.

     (a) The recitals contained herein and in the Securities shall be taken as the statements of
the Company, and the Trustee assumes no responsibility for the correctness of the same.

     (b) The Trustee makes no representations as to the validity or sufficiency of this Indenture
or of the Securities.

     (c) The Trustee shall not be accountable for the use or application by the Company of any of
the Securities or of the proceeds of such Securities, or for the use or application of any moneys
paid over by the Trustee in accordance with any provision of this Indenture or established pursuant
to Section 2.1, or for the use or application of any moneys received by any paying agent other than
the Trustee.

SECTION 7.4  MAY HOLD SECURITIES.

The Trustee or any paying agent or Security Registrar, in its individual or any other capacity, may
become the owner or pledgee of Securities with the same rights it would have if it were not
Trustee, paying agent or Security Registrar.

SECTION 7.5 MONEYS HELD IN TRUST.

Subject to the provisions of Section 11.7, all moneys received by the Trustee shall, until used or
applied as herein provided, be held in trust for the purposes for which they were received, but
need not be segregated from other funds except to the extent required by law. The Trustee shall be
under no liability for interest on any moneys received by it hereunder except such as it may agree
with the Company to pay thereon.

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SECTION 7.6 COMPENSATION AND REIMBURSEMENT.

     (a) The Company covenants and agrees to pay to the Trustee, and the Trustee shall be entitled
to, such reasonable compensation (which shall not be limited by any provision of law in regard to
the compensation of a trustee of an express trust) as the Company and the Trustee may from time to
time agree in writing, for all services rendered by it in the execution of the trusts hereby
created and in the exercise and performance of any of the powers and duties hereunder of the
Trustee, and, except as otherwise expressly provided herein, the Company will pay or reimburse the
Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made
by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable
compensation and the expenses and disbursements of its counsel and of all Persons not regularly in
its employ), except any such expense, disbursement or advance as may arise from its negligence or
bad faith and except as the Company and Trustee may from time to time agree in writing. The Company
also covenants to indemnify the Trustee (and its officers, agents, directors and employees) for,
and to hold it harmless against, any loss, liability or expense incurred without negligence or bad
faith on the part of the Trustee and arising out of or in connection with the acceptance or
administration of this trust, including the reasonable costs and expenses of defending itself
against any claim of liability in the premises.

     (b) The obligations of the Company under this Section to compensate and indemnify the Trustee
and to pay or reimburse the Trustee for reasonable expenses, disbursements and advances shall
constitute additional indebtedness hereunder. Such additional indebtedness shall be secured by a
lien prior to that of the Securities upon all property and funds held or collected by the Trustee
as such, except funds held in trust for the benefit of the holders of particular Securities.

SECTION 7.7 RELIANCE ON OFFICERS’ CERTIFICATE.

Except as otherwise provided in Section 7.1, whenever in the administration of the provisions of
this Indenture the Trustee shall deem it reasonably necessary or desirable that a matter be proved
or established prior to taking or suffering or omitting to take any action hereunder, such matter
(unless other evidence in respect thereof be herein specifically prescribed) may, in the absence of
negligence or bad faith on the part of the Trustee, be deemed to be conclusively proved and
established by an Officers’ Certificate delivered to the Trustee and such certificate, in the
absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee
for any action taken, suffered or omitted to be taken by it under the provisions of this Indenture
upon the faith thereof.

SECTION 7.8 DISQUALIFICATION; CONFLICTING INTERESTS.

If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b)
of the Trust Indenture Act, the Trustee and the Company shall in all respects comply with the
provisions of Section 310(b) of the Trust Indenture Act.

SECTION 7.9 CORPORATE TRUSTEE REQUIRED; ELIGIBILITY.

There shall at all times be a Trustee with respect to the Securities issued hereunder which shall
at all times be a corporation organized and doing business under the laws of the United States of

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America or any state or territory thereof or of the District of Columbia, or a corporation or other
Person permitted to act as trustee by the Securities and Exchange Commission, authorized under such
laws to exercise corporate trust powers, having (or, in the case of a subsidiary of a bank holding
company, its bank holding company parent shall have) a combined capital and surplus of at least
fifty million U.S. dollars ($50,000,000), and subject to supervision or examination by federal,
state, territorial, or District of Columbia authority.

If such corporation or other Person publishes reports of condition at least annually, pursuant to
law or to the requirements of the aforesaid supervising or examining authority, then for the
purposes of this Section, the combined capital and surplus of such corporation or other Person
shall be deemed to be its combined capital and surplus as set forth in its most recent report of
condition so published. The Company may not, nor may any Person directly or indirectly controlling,
controlled by, or under common control with the Company, serve as Trustee. In case at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee
shall resign immediately in the manner and with the effect specified in Section 7.10.

SECTION 7.10 RESIGNATION AND REMOVAL; APPOINTMENT OF SUCCESSOR.

     (a) The Trustee or any successor hereafter appointed may at any time resign with respect to
the Securities of one or more series by giving written notice thereof to the Company and by
transmitting notice of resignation by mail, first class postage prepaid, to the Securityholders of
such series, as their names and addresses appear upon the Security Register. Upon receiving such
notice of resignation, the Company shall promptly appoint a successor trustee with respect to
Securities of such series by written instrument, in duplicate, executed by order of the Board of
Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to
the successor trustee. If no successor trustee shall have been so appointed and have accepted
appointment within 30 days after the mailing of such notice of resignation, the resigning Trustee
may petition any court of competent jurisdiction for the appointment of a successor trustee with
respect to Securities of such series, or any Securityholder of that series who has been a bona fide
holder of a Security or Securities for at least six months may on behalf of himself and all others
similarly situated, petition any such court for the appointment of a successor trustee. Such court
may thereupon after such notice, if any, as it may deem proper and prescribe, appoint a successor
trustee.

     (b) In case at any time any one of the following shall occur:

     (i) the Trustee shall fail to comply with the provisions of Section 7.8 after written
request therefor by the Company or by any Securityholder who has been a bona fide holder of
a Security or Securities for at least six months; or

     (ii) the Trustee shall cease to be eligible in accordance with the provisions of
Section 7.9 and shall fail to resign after written request therefor by the Company or by any
such Securityholder; or

     (iii) the Trustee shall become incapable of acting, or shall be adjudged a bankrupt or
insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of

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     the Trustee or of its property shall be appointed or consented to, or any public
officer shall take charge or control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation;

then, in any such case, the Company may remove the Trustee with respect to all Securities and
appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of
Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy
to the successor trustee, or any Securityholder who has been a bona fide holder of a Security or
Securities for at least six months may, on behalf of that holder and all others similarly situated,
petition any court of competent jurisdiction for the removal of the Trustee and the appointment of
a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and
prescribe, remove the Trustee and appoint a successor trustee.

     (c) The holders of a majority in aggregate principal amount of the Securities of any series at
the time Outstanding may at any time remove the Trustee with respect to such series by so notifying
the Trustee and the Company and may appoint a successor Trustee for such series with the consent of
the Company.

     (d) Any resignation or removal of the Trustee and appointment of a successor trustee with
respect to the Securities of a series pursuant to any of the provisions of this Section shall
become effective upon acceptance of appointment by the successor trustee as provided in
Section 7.11.

     (e) Any successor trustee appointed pursuant to this Section may be appointed with respect to
the Securities of one or more series or all of such series, and at any time there shall be only one
Trustee with respect to the Securities of any particular series.

SECTION 7.11 ACCEPTANCE OF APPOINTMENT BY SUCCESSOR.

     (a) In case of the appointment hereunder of a successor trustee with respect to all
Securities, every such successor trustee so appointed shall execute, acknowledge and deliver to the
Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the
resignation or removal of the retiring Trustee shall become effective and such successor trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee; but, on the request of the Company or the successor
trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an
instrument transferring to such successor trustee all the rights, powers, and trusts of the
retiring Trustee and shall duly assign, transfer and deliver to such successor trustee all property
and money held by such retiring Trustee hereunder.

     (b) In case of the appointment hereunder of a successor trustee with respect to the Securities
of one or more (but not all) series, the Company, the retiring Trustee and each successor trustee
with respect to the Securities of one or more series shall execute and deliver an indenture
supplemental hereto wherein each successor trustee shall accept such appointment and which
(i) shall contain such provisions as shall be necessary or desirable to transfer and confirm to,
and to vest in, each successor trustee all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such

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successor trustee relates, (ii) shall contain such provisions as shall be deemed necessary or
desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with
respect to the Securities of that or those series as to which the retiring Trustee is not retiring
shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the
provisions of this Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in
such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each
such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or
trusts hereunder administered by any other such Trustee and that no Trustee shall be responsible
for any act or failure to act on the part of any other Trustee hereunder; and upon the execution
and delivery of such supplemental indenture the resignation or removal of the retiring Trustee
shall become effective to the extent provided therein, such retiring Trustee shall with respect to
the Securities of that or those series to which the appointment of such successor trustee relates
have no further responsibility for the exercise of rights and powers or for the performance of the
duties and obligations vested in the Trustee under this Indenture, and each such successor trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers,
trusts and duties of the retiring Trustee with respect to the Securities of that or those series to
which the appointment of such successor trustee relates; but, on request of the Company or any
successor trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor
trustee, to the extent contemplated by such supplemental indenture, the property and money held by
such retiring Trustee hereunder with respect to the Securities of that or those series to which the
appointment of such successor trustee relates.

     (c) Upon request of any such successor trustee, the Company shall execute any and all
instruments for more fully and certainly vesting in and confirming to such successor trustee all
such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may
be.

     (d) No successor trustee shall accept its appointment unless at the time of such acceptance
such successor trustee shall be qualified and eligible under this Article.

     (e) Upon acceptance of appointment by a successor trustee as provided in this Section, the
Company shall transmit notice of the succession of such trustee hereunder by mail, first class
postage prepaid, to the Securityholders, as their names and addresses appear upon the Security
Register. If the Company fails to transmit such notice within ten days after acceptance of
appointment by the successor trustee, the successor trustee shall cause such notice to be
transmitted at the expense of the Company.

SECTION 7.12 MERGER, CONVERSION, CONSOLIDATION OR SUCCESSION TO BUSINESS.

     Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which
the Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Trustee (including the administration of the trust created by this
Indenture), shall be the successor of the Trustee hereunder, provided that such corporation shall
be qualified under the provisions of Section 7.8 and eligible under the provisions of Section 7.9,

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without the execution or filing of any paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding. In case any Securities shall have been
authenticated, but not delivered, by the Trustee then in office, any successor by merger,
conversion or consolidation to such authenticating Trustee may adopt such authentication and
deliver the Securities so authenticated with the same effect as if such successor Trustee had
itself authenticated such Securities.

SECTION 7.13 PREFERENTIAL COLLECTION OF CLAIMS AGAINST THE COMPANY.

The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor
relationship described in Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or
been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included
therein.

SECTION 7.14 NOTICE OF DEFAULT.

If any Default or any Event of Default occurs and is continuing and if such Default or Event of
Default is known to a Responsible Officer of the Trustee, the Trustee shall mail to each
Securityholder in the manner and to the extent provided in Section 313(c) of the Trust Indenture
Act notice of the Default or Event of Default within 45 days after it occurs, unless such Default
or Event of Default has been cured; provided, however, that, except in the case of a default in the
payment of the principal of (or premium, if any) or interest on any Security, the Trustee shall be
protected in withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the Trustee in good
faith determine that the withholding of such notice is in the interest of the Securityholders.

ARTICLE 8.

CONCERNING THE SECURITYHOLDERS

SECTION 8.1 EVIDENCE OF ACTION BY SECURITYHOLDERS.

Whenever in this Indenture it is provided that the holders of a majority or specified percentage in
aggregate principal amount of the Securities of a particular series may take any action (including
the making of any demand or request, the giving of any notice, consent or waiver or the taking of
any other action), the fact that at the time of taking any such action the holders of such majority
or specified percentage of that series have joined therein may be evidenced by any instrument or
any number of instruments of similar tenor executed by such holders of Securities of that series in
person or by agent or proxy appointed in writing.

If the Company shall solicit from the Securityholders of any series any request, demand,
authorization, direction, notice, consent, waiver or other action, the Company may, at its option,
as evidenced by an Officers’ Certificate, fix in advance a record date for such series for the
determination of Securityholders entitled to give such request, demand, authorization, direction,
notice, consent, waiver or other action, but the Company shall have no obligation to do so. If such
a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or
other action may be given before or after the record date, but only the Securityholders

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of record at the close of business on the record date shall be deemed to be Securityholders for the
purposes of determining whether Securityholders of the requisite proportion of Outstanding
Securities of that series have authorized or agreed or consented to such request, demand,
authorization, direction, notice, consent, waiver or other action, and for that purpose the
Outstanding Securities of that series shall be computed as of the record date; provided, however,
that no such authorization, agreement or consent by such Securityholders on the record date shall
be deemed effective unless it shall become effective pursuant to the provisions of this Indenture
not later than six months after the record date.

SECTION 8.2 PROOF OF EXECUTION BY SECURITYHOLDERS.

Subject to the provisions of Section 7.1, proof of the execution of any instrument by a
Securityholder (such proof will not require notarization) or his agent or proxy and proof of the
holding by any Person of any of the Securities shall be sufficient if made in the following manner:

     (a) The fact and date of the execution by any such Person of any instrument may be proved in
any reasonable manner acceptable to the Trustee.

     (b) The ownership of Securities shall be proved by the Security Register of such Securities or
by a certificate of the Security Registrar thereof.

The Trustee may require such additional proof of any matter referred to in this Section as it shall
deem necessary.

SECTION 8.3 WHO MAY BE DEEMED OWNERS.

Prior to the due presentment for registration of transfer of any Security, the Company, the
Trustee, any paying agent and any Security Registrar may deem and treat the Person in whose name
such Security shall be registered upon the books of the Company as the absolute owner of such
Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership
or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving
payment of or on account of the principal of, premium, if any, and (subject to Section 2.3)
interest on such Security and for all other purposes; and neither the Company nor the Trustee nor
any paying agent nor any Security Registrar shall be affected by any notice to the contrary.

SECTION 8.4 CERTAIN SECURITIES OWNED BY COMPANY DISREGARDED.

In determining whether the holders of the requisite aggregate principal amount of Securities of a
particular series have concurred in any direction, consent or waiver under this Indenture, the
Securities of that series that are owned by the Company or any other obligor on the Securities of
that series or by any Person directly or indirectly controlling or controlled by or under common
control with the Company or any other obligor on the Securities of that series shall be disregarded
and deemed not to be Outstanding for the purpose of any such determination, except that for the
purpose of determining whether the Trustee shall be protected in relying on any such direction,
consent or waiver, only Securities of such series that the Trustee actually knows are so owned
shall be so disregarded. The Securities so owned that have been pledged in good faith

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may be regarded as Outstanding for the purposes of this Section, if the pledgee shall establish to
the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and
that the pledgee is not a Person directly or indirectly controlling or controlled by or under
direct or indirect common control with the Company or any such other obligor. In case of a dispute
as to such right, any decision by the Trustee taken upon the advice of counsel shall be full
protection to the Trustee.

SECTION 8.5 ACTIONS BINDING ON FUTURE SECURITYHOLDERS.

At any time prior to (but not after) the evidencing to the Trustee, as provided in Section 8.1, of
the taking of any action by the holders of the majority or percentage in aggregate principal amount
of the Securities of a particular series specified in this Indenture in connection with such
action, any holder of a Security of that series that is shown by the evidence to be included in the
Securities the holders of which have consented to such action may, by filing written notice with
the Trustee, and upon proof of holding as provided in Section 8.2, revoke such action so far as
concerns such Security. Except as aforesaid any such action taken by the holder of any Security
shall be conclusive and binding upon such holder and upon all future holders and owners of such
Security, and of any Security issued in exchange therefor, on registration of transfer thereof or
in place thereof, irrespective of whether or not any notation in regard thereto is made upon such
Security. Any action taken by the holders of the majority or percentage in aggregate principal
amount of the Securities of a particular series specified in this Indenture in connection with such
action shall be conclusively binding upon the Company, the Trustee and the holders of all the
Securities of that series.

ARTICLE 9.

SUPPLEMENTAL INDENTURES

SECTION 9.1 SUPPLEMENTAL INDENTURES WITHOUT THE CONSENT OF SECURITYHOLDERS.

In addition to any supplemental indenture otherwise authorized by this Indenture, the Company and
the Trustee may from time to time and at any time enter into an indenture or indentures
supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in
effect), without the consent of the Securityholders, for one or more of the following purposes:

     (a) to cure any ambiguity, defect, or inconsistency herein or in the Securities of any series;

     (b) to comply with Article Ten, including to evidence the succession of another Person to the
Company and the assumption by any such successor of the covenants of the Company herein and in the
Securities contained;

     (c) to provide for uncertificated Securities in addition to or in place of certificated
Securities;

     (d) to add to the covenants, restrictions, conditions or provisions relating to the Company
for the benefit of the holders of all or any series of Securities (and if such covenants,

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restrictions, conditions or provisions are to be for the benefit of less than all series of
Securities, stating that such covenants, restrictions, conditions or provisions are expressly being
included solely for the benefit of such series), to make the occurrence, or the occurrence and the
continuance, of a default in any such additional covenants, restrictions, conditions or provisions
an Event of Default, or to surrender any right or power herein conferred upon the Company;

     (e) to add any additional Events of Default;

     (f) to add to, change or eliminate any of the provisions of this Indenture in respect of one
or more series of Securities; provided, however, that any such addition, change or elimination not
otherwise permitted under this Section 9.1 shall (i) neither (A) apply to any Security of any
series created prior to the execution of such supplemental indenture and entitled to the benefit of
such provision nor (B) modify the rights of the Securityholder of any such Security with respect to
such provision or (ii) become effective only when there is no such Security outstanding;

     (g) to provide for the issuance of and establish the form and terms and conditions of the
Securities of any series as provided in Section 2.1, to establish the form of any certifications
required to be furnished pursuant to the terms of this Indenture or any series of Securities, or to
add to the rights of the holders of any series of Securities;

     (h) to evidence and provide for the acceptance of appointment hereunder by a successor
trustee;

     (i) to comply with any requirements of the Securities and Exchange Commission or any successor
in connection with the qualification of this Indenture under the Trust Indenture Act or

     (j) to make any other provisions with respect to matters or questions arising under this
Indenture, provided that such action shall not adversely affect the interests of the
Securityholders of Securities of any series or any related coupons in any material respect.

The Trustee is hereby authorized to join with the Company in the execution of any such supplemental
indenture, and to make any further appropriate agreements and stipulations that may be therein
contained, but the Trustee shall not be obligated to enter into any such supplemental indenture
that affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise.

Any supplemental indenture authorized by the provisions of this Section may be executed by the
Company and the Trustee without the consent of the holders of any of the Securities at the time
Outstanding, notwithstanding any of the provisions of Section 9.2.

SECTION 9.2 SUPPLEMENTAL INDENTURES WITH CONSENT OF SECURITYHOLDERS.

With the consent (evidenced as provided in Section 8.1) of the holders of not less than a majority
in aggregate principal amount of the Securities of each series affected by such supplemental
indenture or indentures at the time Outstanding, the Company, when authorized by a Board

42

 

Resolution, and the Trustee may from time to time and at any time enter into an indenture or
indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as
then in effect) for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Indenture or of any supplemental indenture or of
modifying in any manner not covered by Section 9.1 the rights of the holders of the Securities of
such series under this Indenture; provided, however, that no such supplemental indenture shall,
without the consent of the holders of each Security then Outstanding and affected thereby,
(a) extend the fixed maturity of any Securities of any series, or reduce the principal amount
thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any
premium payable upon the redemption thereof or (b) reduce the aforesaid percentage of Securities,
the holders of which are required to consent to any such supplemental indenture.

It shall not be necessary for the consent of the Securityholders of any series affected thereby
under this Section to approve the particular form of any proposed supplemental indenture, but it
shall be sufficient if such consent shall approve the substance thereof.

SECTION 9.3 EFFECT OF SUPPLEMENTAL INDENTURES.

Upon the execution of any supplemental indenture pursuant to the provisions of this Article or of
Section 10.1, this Indenture shall, with respect to such series, be and be deemed to be modified
and amended in accordance therewith and the respective rights, limitations of rights, obligations,
duties and immunities under this Indenture of the Trustee, the Company and the holders of
Securities of the series affected thereby shall thereafter be determined, exercised and enforced
hereunder subject in all respects to such modifications and amendments, and all the terms and
conditions of any such supplemental indenture shall be and be deemed to be part of the terms and
conditions of this Indenture for any and all purposes.

SECTION 9.4 SECURITIES AFFECTED BY SUPPLEMENTAL INDENTURES.

Securities of any series affected by a supplemental indenture, authenticated and delivered after
the execution of such supplemental indenture pursuant to the provisions of this Article or of
Section 10.1, may bear a notation in form approved by the Company, provided such form meets the
requirements of any securities exchange upon which such series may be listed, as to any matter
provided for in such supplemental indenture. If the Company shall so determine, new Securities of
that series so modified as to conform, in the opinion of the Board of Directors, to any
modification of this Indenture contained in any such supplemental indenture may be prepared by the
Company, authenticated by the Trustee and delivered in exchange for the Securities of that series
then Outstanding.

SECTION 9.5 EXECUTION OF SUPPLEMENTAL INDENTURES.

Upon the request of the Company, accompanied by its Board Resolutions authorizing the execution of
any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of
Securityholders required to consent thereto as aforesaid, the Trustee shall join with the Company
in the execution of such supplemental indenture unless such supplemental indenture affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the
Trustee may in its discretion but shall not be obligated to enter into

43

 

such supplemental indenture. The Trustee, subject to the provisions of Section 7.1, may receive an
Officers’ Certificate or an Opinion of Counsel as conclusive evidence that any supplemental
indenture executed pursuant to this Article is authorized or permitted by, and conforms to, the
terms of this Article and that it is proper for the Trustee under the provisions of this Article to
join in the execution thereof; provided, however, that such Officers’ Certificate or Opinion of
Counsel need not be provided in connection with the execution of a supplemental indenture that
establishes the terms of a series of Securities pursuant to Section 2.1 hereof.

Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant
to the provisions of this Section, the Trustee shall transmit by mail, first class postage prepaid,
a notice, setting forth in general terms the substance of such supplemental indenture, to the
Securityholders of all series affected thereby as their names and addresses appear upon the
Security Register. Any failure of the Trustee to mail such notice, or any defect therein, shall
not, however, in any way impair or affect the validity of any such supplemental indenture.

ARTICLE 10.

SUCCESSOR ENTITY

SECTION 10.1 COMPANY MAY CONSOLIDATE, ETC.

Except as provided pursuant to Section 2.1 pursuant to a Board Resolution, and set forth in an
Officers’ Certificate, or established in one or more indentures supplemental to this Indenture,
nothing contained in this Indenture shall prevent any consolidation or merger of the Company with
or into any other Person (whether or not affiliated with the Company) or successive consolidations
or mergers in which the Company or its successor or successors shall be a party or parties, or
shall prevent any sale, conveyance, transfer or other disposition of the property of the Company or
its successor or successors as an entirety, or substantially as an entirety, to any other
corporation (whether or not affiliated with the Company or its successor or successors) authorized
to acquire and operate the same; provided, however, the Company hereby covenants and agrees that,
upon any such consolidation or merger (in each case, if the Company is not the survivor of such
transaction), sale, conveyance, transfer or other disposition, (a) the due and punctual payment of
the principal of (premium, if any) and interest on all of the Securities of all series in
accordance with the terms of each series, according to their tenor, and the due and punctual
performance and observance of all the covenants and conditions of this Indenture with respect to
each series or established with respect to such series pursuant to Section 2.1 to be kept or
performed by the Company shall be expressly assumed, by supplemental indenture (which shall conform
to the provisions of the Trust Indenture Act, as then in effect) reasonably satisfactory in form to
the Trustee executed and delivered to the Trustee by the entity formed by such consolidation, or
into which the Company shall have been merged, or by the entity which shall have acquired such
property and (b) in the event that the Securities of any series then Outstanding are convertible
into or exchangeable for shares of common stock or other securities of the Company, such entity
shall, by such supplemental indenture, make provision so that the Securityholders of Securities of
that series shall thereafter be entitled to receive upon conversion or exchange of such Securities
the number of securities or property to which a holder of the number of shares of common stock or
other securities of the Company deliverable upon conversion or exchange of those Securities would
have been entitled had such conversion or

44

 

exchange occurred immediately prior to such consolidation, merger, sale, conveyance, transfer or
other disposition.

SECTION 10.2 SUCCESSOR ENTITY SUBSTITUTED.

     (a) In case of any such consolidation, merger, sale, conveyance, transfer or other disposition
and upon the assumption by the successor entity by supplemental indenture, executed and delivered
to the Trustee and satisfactory in form to the Trustee, of the obligations set forth under
Section 10.1 on all of the Securities of all series Outstanding, such successor entity shall
succeed to and be substituted for the Company with the same effect as if it had been named as the
Company herein, and thereupon the predecessor corporation shall be relieved of all obligations and
covenants under this Indenture and the Securities.

     (b) In case of any such consolidation, merger, sale, conveyance, transfer or other
disposition, such changes in phraseology and form (but not in substance) may be made in the
Securities thereafter to be issued as may be appropriate.

     (c) Nothing contained in this Article shall require any action by the Company in the case of a
consolidation or merger of any Person into the Company where the Company is the survivor of such
transaction, or the acquisition by the Company, by purchase or otherwise, of all or any part of the
property of any other Person (whether or not affiliated with the Company).

SECTION 10.3 EVIDENCE OF CONSOLIDATION, ETC. TO TRUSTEE.

The Trustee, subject to the provisions of Section 7.1, may receive an Officers’ Certificate or an
Opinion of Counsel as conclusive evidence that any such consolidation, merger, sale, conveyance,
transfer or other disposition, and any such assumption, comply with the provisions of this Article.

ARTICLE 11.

SATISFACTION AND DISCHARGE

SECTION 11.1 SATISFACTION AND DISCHARGE OF INDENTURE.

This Indenture shall upon Company Request cease to be of further effect with respect to any series
of Securities (except as to any surviving rights of registration of transfer or exchange of
Securities of such series herein expressly provided for or in the form of Security for such series
and any right to receive additional amounts), and the Trustee, at the expense of the Company, shall
execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such
series, when

     (a) either

     (i) all Securities of such series theretofore authenticated and delivered (other than
(i) Securities which have been destroyed, lost or stolen and which have been replaced or
paid as provided in Section 2.7 and (ii) Securities for whose payment money has theretofore
been deposited in trust or segregated and held in trust by the Company

45

 

and thereafter repaid to the Company or discharged from such trust, as provided in
Sections 11.5, 11.6 and 11.7) have been delivered to the Trustee for cancellation; or

     (ii) all such Securities of such series not theretofore delivered to the Trustee for
cancellation

     (A) have become due and payable, or

     (B) will become due and payable at their Stated Maturity within one year of the
date of deposit, or

     (C) are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in
the name, and at the expense, of the Company,

and the Company, in the case of (A), (B) or (C) above, has deposited or caused to be deposited with
the Trustee as trust funds in trust for the purpose an amount sufficient to pay and discharge the
entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation,
for principal (and premium, if any) and interest, if any, to the date of such deposit (in the case
of Securities which have become due and payable), or to the Stated Maturity or the Redemption Date,
as the case may be;

     (b) the Company has paid or caused to be paid all other sums payable hereunder by the Company
with respect to such series; and

     (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that, with respect to such series, all conditions precedent herein provided
for relating to the satisfaction and discharge of this Indenture have been complied with.

Notwithstanding the satisfaction and discharge of this Indenture with respect to such series, the
obligations of the Company to the Trustee with respect to such series under this Section 11.1 and
Sections 7.6 and 7.10, the obligations of the Company to any Authenticating Agent under
Section 2.10, and, if money shall have been deposited with the Trustee pursuant to subclause (ii)
of clause (a) of this Section, the obligations of the Trustee under Section 11.2, 11.5 and
Section 11.7, shall survive.

SECTION 11.2 APPLICATION OF TRUST MONEY.

Subject to the provisions of Section 11.7, all money deposited with the Trustee pursuant to
Section 11.1, all money and U.S. Government Obligations deposited with the Trustee (or a successor
trustee satisfying the requirements of Section 7.9) pursuant to Section 11.3 and all money received
by the Trustee in respect of U.S. Government Obligations deposited with the Trustee pursuant to
Section 11.3 shall be held in trust and shall be applied by it, in accordance with the provisions
of the series of Securities and this Indenture, to the payment, either directly or through any
paying agent as the Trustee may determine, to the Persons entitled thereto, of all sums due and to
become due thereon in respect of the principal of (and premium, if any) and interest, if any, on
the Securities for which payment of such money has been deposited with the

46

 

Trustee or to make mandatory sinking fund payments or analogous payments as contemplated by
Section 11.3.

SECTION 11.3 DISCHARGE AND DEFEASANCE OF SECURITIES OF ANY SERIES.

If this Section 11.3 is specified to be applicable to the Securities of any series, then,
notwithstanding the provisions of Section 11.1, the Company shall be deemed to have paid and
discharged the entire indebtedness on all the Outstanding Securities of any such series on the 91st
day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of
this Indenture, as it relates to such Outstanding Securities, shall no longer be in effect (and the
Trustee, at the expense of the Company, shall, upon Company Request execute proper instruments
acknowledging the same), except as to:

     (a) the rights of Holders of Securities of such series to receive, from the trust funds
described in subparagraph (d) hereof, (i) payment of the principal of (and premium, if any) and
each installment of principal of (and premium, if any) or interest, if any, on the Outstanding
Securities of such series on the Stated Maturity of such principal or installment of principal or
interest and (ii) any mandatory sinking fund payments or analogous payments applicable to the
Securities of such series on the day on which such payments are due and payable in accordance with
the terms of this Indenture and such Securities; and

     (b) the rights, powers, trusts, duties and immunities of the Trustee hereunder with respect to
such series, including those set forth in Section 7.6, 7.10, 11.2, 11.2, 11.5 and 11.7; and

     (c) either (i) if this Section 11.3(c)(i) is specified, as contemplated by Section 2.1, to be
applicable to the Securities of any series, the Company’s obligations with respect to the
Securities of such series under Sections 2.5, 2.6, 2.7, 4.2, 11.2, 11.5, 11.6 and 11.7; or,
alternatively, (ii) if this Section 11.3(c)(ii) is specified, as contemplated by Section 2.1, to be
applicable to the Securities of any series, the Company’s obligations with respect to such
Securities under Sections 2.5, 2.6, 2.7, 4.1, 4.2, 11.2 and 11.7;

provided that, the following conditions shall have been satisfied:

     (d) the Company shall have irrevocably deposited or caused to be deposited (in accordance with
Section 11.2) with the Trustee (or another trustee satisfying the requirements of Section 7.9) as
trust funds in trust specifically pledged as security for, and dedicated solely to, the benefit of
the Securityholders of the Securities of that series, with reference to this Section 11.3 (i) money
in an amount, or (ii) U.S. Government Obligations which through the payment of interest and
principal in respect thereof in accordance with their terms will provide not later than one
Business Day before the due date of any payment referred to in clause (A) or (B) of this
subparagraph (d) money in an amount, or (iii) a combination thereof, sufficient, in the opinion of
a nationally recognized firm of independent certified public accountants expressed in a written
certification thereof delivered to the Trustee, to pay and discharge (A) the principal of (and
premium, if any) and each installment of principal of (and premium, if any) and interest, if any,
on the Outstanding Securities of such series on the Stated Maturity of such principal or
installment of principal or interest or on the applicable Redemption Date and (B) any mandatory

47

 

sinking fund payments or analogous payments applicable to the Securities of such series on the
day on which such payments are due and payable in accordance with the terms of this Indenture and
of such Securities;

     (e) such deposit shall not cause the Trustee with respect to the Securities of such series to
have a conflicting interest as defined in Section 7.8 or for purposes of the Trust Indenture Act
with respect to the Securities of any series;

     (f) such deposit will not result in a breach or violation of, or constitute a default under,
any applicable laws, this Indenture or any other agreement or instrument to which the Company is a
party or by which it is bound;

     (g) if this Section 11.3(g) is specified, as contemplated by Section 2.1, to be applicable to
the Securities of any series, such provision would not cause any Outstanding Securities of such
series then listed on the New York Stock Exchange or other nationally recognized securities
exchange to be de-listed as a result thereof;

     (h) no Event of Default or event which with the giving of notice or lapse of time or both
would become an Event of Default with respect to the Securities of that series shall have occurred
and be continuing on the date of such deposit or at any time during the period ending on the 91st
day after such date;

     (i) the Company has delivered to the Trustee an Opinion of Counsel to the effect that, based
upon applicable United States Federal income tax law or a ruling published by the Internal Revenue
Service (which opinion, for the purposes contemplated by Section 11.3(c)(i), must be based on a
change in applicable United States Federal income tax law after the date of this Indenture or a
ruling published by the Internal Revenue Service after the date of this Indenture), the Holders of
the Securities of such series will not recognize income, gain or loss for United States Federal
income tax purposes as a result of such deposit, defeasance and discharge and will be subject to
United States Federal income tax on the same amount and in the same manner and at the same times,
as would have been the case if such deposit, defeasance and discharge had not occurred; and

     (j) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent relating to the defeasance contemplated by this
Section have been complied with.

SECTION 11.4 REINSTATEMENT

If the Trustee is unable to apply any money in accordance with Section 11.3 by reason of any order
or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting
such application, then the Company’s obligations under this Indenture and the Securities of such
series shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.3
until such time as the Trustee is permitted to apply all such money in accordance with Section
11.3; provided, however, that if the Company makes any payment of principal of (and premium, if
any) or interest on any Security following the reinstatement of its obligations, the Company shall
be subrogated to the rights of the Holders of the Securities of such series to receive such payment
from the money held by the Trustee.

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SECTION 11.5 DEPOSITED MONEYS TO BE HELD IN TRUST.

All moneys or Governmental Obligations deposited with the Trustee pursuant to Sections 11.1 or 11.3
shall be held in trust and shall be available for payment as due, either directly or through any
paying agent (including the Company acting as its own paying agent), to the holders of the
particular series of Securities for the payment or redemption of which such moneys or Governmental
Obligations have been deposited with the Trustee.

SECTION 11.6 PAYMENT OF MONEYS HELD BY PAYING AGENTS.

In connection with the satisfaction and discharge of this Indenture all moneys or Governmental
Obligations then held by any paying agent under the provisions of this Indenture shall, upon demand
of the Company, be paid to the Trustee and thereupon such paying agent shall be released from all
further liability with respect to such moneys or Governmental Obligations.

SECTION 11.7 REPAYMENT TO COMPANY.

Any moneys or Governmental Obligations deposited with any paying agent or the Trustee, or then held
by the Company, in trust for payment of principal of or premium, if any, or interest on the
Securities of a particular series that are not applied but remain unclaimed by the holders of such
Securities for two years after the date upon which the principal of (and premium, if any) or
interest on such Securities shall have respectively become due and payable, or such other shorter
period set forth in applicable escheat or abandoned or unclaimed property law, shall be repaid to
the Company on May 31 of each year or upon the Company’s request (if then held by the Company)
shall be discharged from such trust; and thereupon the paying agent and the Trustee shall be
released from all further liability with respect to such moneys or Governmental Obligations, and
the holder of any of the Securities entitled to receive such payment shall thereafter, as a general
creditor, look only to the Company for the payment thereof.

ARTICLE 12.

IMMUNITY OF INCORPORATORS, STOCKHOLDERS,

OFFICERS AND DIRECTORS

SECTION 12.1 NO RECOURSE.

No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any
Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any
incorporator, stockholder, officer or director, past, present or future as such, of the Company or
of any predecessor or successor corporation, either directly or through the Company or any such
predecessor or successor corporation, whether by virtue of any constitution, statute or rule of
law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood
that this Indenture and the obligations issued hereunder are solely corporate obligations, and that
no such personal liability whatever shall attach to, or is or shall be incurred by, the
incorporators, stockholders, officers or directors as such, of the Company or of any predecessor or
successor corporation, or any of them, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this
Indenture or in any of the Securities or implied therefrom; and that any and all such

49

 

personal liability of every name and nature, either at common law or in equity or by constitution
or statute, of, and any and all such rights and claims against, every such incorporator,
stockholder, officer or director as such, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this
Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and
released as a condition of, and as a consideration for, the execution of this Indenture and the
issuance of such Securities.

ARTICLE 13.

MISCELLANEOUS PROVISIONS

SECTION 13.1 EFFECT ON SUCCESSORS AND ASSIGNS.

All the covenants, stipulations, promises and agreements in this Indenture made by or on behalf of
the Company shall bind its successors and assigns, whether so expressed or not.

SECTION 13.2 ACTIONS BY SUCCESSOR.

Any act or proceeding by any provision of this Indenture authorized or required to be done or
performed by any board, committee or officer of the Company shall and may be done and performed
with like force and effect by the corresponding board, committee or officer of any corporation that
shall at the time be the lawful successor of the Company.

SECTION 13.3 SURRENDER OF COMPANY POWERS.

The Company by instrument in writing executed by authority of its Board of Directors and delivered
to the Trustee may surrender any of the powers reserved to the Company, and thereupon such power so
surrendered shall terminate both as to the Company and as to any successor corporation.

SECTION 13.4 NOTICES.

Except as otherwise expressly provided herein, any notice, request or demand that by any provision
of this Indenture is required or permitted to be given, made or served by the Trustee or by the
holders of Securities or by any other Person pursuant to this Indenture to or on the Company may be
given or served by being deposited in first class mail, postage prepaid, addressed (until another
address is filed in writing by the Company with the Trustee), as
follows: Ramco-Gershenson Properties Trust,
                                        ,
                    ,
                    ,
___. Any notice, election, request or demand by the Company or any Securityholder or by any other Person
pursuant to this Indenture to or upon the Trustee shall be deemed to have been sufficiently given
or made, for all purposes, if given or made in writing at the Corporate Trust Office of the
Trustee.

50

 

SECTION 13.5 GOVERNING LAW.

This Indenture and each Security shall be deemed to be a contract made under the internal laws of
the State of New York, and for all purposes shall be construed in accordance with the laws of said
State, except to the extent that the Trust Indenture Act is applicable.

SECTION 13.6 TREATMENT OF SECURITIES AS DEBT.

It is intended that the Securities will be treated as indebtedness and not as equity for federal
income tax purposes. The provisions of this Indenture shall be interpreted to further this
intention.

SECTION 13.7 COMPLIANCE CERTIFICATES AND OPINIONS.

     (a) Upon any application or demand by the Company to the Trustee to take any action under any
of the provisions of this Indenture, the Company shall furnish to the Trustee an Officers’
Certificate stating that all conditions precedent provided for in this Indenture relating to the
proposed action have been complied with and an Opinion of Counsel stating that in the opinion of
such counsel all such conditions precedent have been complied with, except that in the case of any
such application or demand as to which the furnishing of such documents is specifically required by
any provision of this Indenture relating to such particular application or demand, no additional
certificate or opinion need be furnished.

     (b) Each certificate or opinion provided for in this Indenture and delivered to the Trustee
with respect to compliance with a condition or covenant in this Indenture shall include (i) a
statement that the Person making such certificate or opinion has read such covenant or condition;
(ii) a brief statement as to the nature and scope of the examination or investigation upon which
the statements or opinions contained in such certificate or opinion are based; (iii) a statement
that, in the opinion of such Person, he has made such examination or investigation as is reasonably
necessary to enable him to express an informed opinion as to whether or not such covenant or
condition has been complied with; and (iv) a statement as to whether or not, in the opinion of such
Person, such condition or covenant has been complied with.

SECTION 13.8 PAYMENTS ON BUSINESS DAYS.

Except as provided pursuant to Section 2.1 pursuant to a Board Resolution, and set forth in an
Officers’ Certificate, or established in one or more indentures supplemental to this Indenture, in
any case where the date of maturity of interest or principal of any Security or the date of
redemption of any Security shall not be a Business Day, then payment of interest or principal (and
premium, if any) may be made on the next succeeding Business Day with the same force and effect as
if made on the nominal date of maturity or redemption, and no interest shall accrue for the period
after such nominal date.

SECTION 13.9 CONFLICT WITH TRUST INDENTURE ACT.

If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the
duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture Act, such imposed duties
shall control.

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SECTION 13.10 COUNTERPARTS.

This Indenture may be executed in any number of counterparts, each of which shall be an original,
but such counterparts shall together constitute but one and the same instrument.

SECTION 13.11 SEPARABILITY.

In case any one or more of the provisions contained in this Indenture or in the Securities of any
series shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture
or of such Securities, but this Indenture and such Securities shall be construed as if such invalid
or illegal or unenforceable provision had never been contained herein or therein.

SECTION 13.12 COMPLIANCE CERTIFICATES.

The Company shall deliver to the Trustee, within 120 days after the end of each fiscal year during
which any Securities of any series were outstanding, an Officers’ Certificate stating whether or
not the signers know of any Default or Event of Default that occurred during such fiscal year. Such
certificate shall contain a certification from the principal executive officer, principal financial
officer or principal accounting officer of the Company that a review has been conducted of the
activities of the Company and the Company’s performance under this Indenture and that the Company
has complied with all conditions and covenants under this Indenture. For purposes of this
Section 13.12, such compliance shall be determined without regard to any period of grace or
requirement of notice provided under this Indenture. If any of the officers of the Company signing
such certificate has knowledge of such a Default or Event of Default, the certificate shall
describe any such Default or Event of Default and its status.

IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed all as of the
day and year first above written.

	 	 	 	 	 
	 	 	RAMCO-GERSHENSON PROPERTIES TRUST  
	 
	 	 	 	 
	 
	 

	 	By:	 	 
	 
	 	 	 	 
	 

	 	Name:	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 

52

 

	 	 	 	 	 
	 

	 	[                     ],	 	 
	 
	 	 	 	 
	 

	 	as Trustee	 	 
	 
	 	 	 	 
	 
	 

	 	By:	 	 
	 
	 	 	 	 
	 

	 	Name:	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 

53

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