Document:

exv10w7

Exhibit 10.7

PROMISSORY NOTE

	 	 	 	 	 

	 

	 	May 2, 2011
	 	 
	 
	 	 	 	 
	$170,000

	 	Hopkinton, Massachusetts
	 	 

     FOR VALUE RECEIVED, Alseres Pharmaceuticals, Inc. (the “Maker”), promises to pay to Robert L
Gipson, or order, at the offices of Robert L. Gipson, c/o Ingalls & Snyder LLC, 61 Broadway, New
York, New York 10006 or at such other place as the holder of this Note may designate, the principal
sum of $170,000, together with interest on the unpaid principal balance of this Note from time to
time outstanding at the rate of 7% per year until paid in full. All principal and accrued interest
shall be due and payable on demand of the Holder.

Interest on this Note shall be computed on the basis of a year of 365 days for the actual number of
days elapsed. All payments by the Maker under this Note shall be in immediately available funds.

Every amount overdue under this Note shall bear interest from and after the date on which such
amount first became overdue at an annual rate which is two (2) percentage points above the rate per
year specified in the first paragraph of this Note. Such interest on overdue amounts under this
Note shall be payable on demand and shall accrue and be compounded monthly until the obligation of
the Maker with respect to the payment of such interest has been discharged (whether before or after
judgment).

In no event shall any interest charged, collected or reserved under this Note exceed the maximum
rate then permitted by applicable law and if any such payment is paid by the Maker, then such
excess sum shall be credited by the holder as a payment of principal.

All payments by the Maker under this Note shall be made without set-off or counterclaim and be free
and clear and without any deduction or withholding for any taxes or fees of any nature whatever,
unless the obligation to make such deduction or withholding is imposed by law. The Maker shall pay
and save the holder harmless from all liabilities with respect to or resulting from any delay or
omission to make any such deduction or withholding required by law.

Whenever any amount is paid under this Note, all or part of the amount paid may be applied to
principal, premium or interest in such order and manner as shall be determined by the holder in its
discretion.

No reference in this Note to any guaranty or other document shall impair the obligation of the
Maker, which is absolute and unconditional, to pay all amounts under this Note strictly in
accordance with the terms of this Note.

The Maker agrees to pay on demand all costs of collection, including reasonable attorneys’ fees,
incurred by the holder in enforcing the obligations of the Maker under this Note.

 

No delay or omission on the part of the holder in exercising any right under this Note shall
operate as a waiver of such right or of any other right of such holder, nor shall any delay,
omission or waiver on any one occasion be deemed a bar to or waiver of the same or any other right
on any future occasion. The Maker and every endorser or guarantor of this Note regardless of the
time, order or place of signing waives presentment, demand, protest and notices of every kind and
assents to any extension or postponement of the time of payment or any other indulgence, to any
substitution, exchange or release of collateral, and to the addition or release of any other party
or person primarily or secondarily liable.

This Note may be prepaid in whole or in part at any time or from time to time upon five days’ prior
written notice with the consent of the holder, with the giving of such consent to be in the sole
discretion of the holder. Any such prepayment shall be without penalty or premium.

None of the terms or provisions of this Note may be excluded, modified or amended except by a
written instrument duly executed on behalf of the holder expressly referring to this Note and
setting forth the provision so excluded, modified or amended.

All rights and obligations hereunder shall be governed by the laws of the Commonwealth of
Massachusetts and this Note is executed as an instrument under seal.

	 	 	 	 	 
	 	Alseres Pharmaceuticals, Inc.

 	 
	 	By:  	/s/ Kenneth L. Rice Jr
 	 
	 	 	Title: EVP & CFOexv10w0

Exhibit 10.0

$125,000,000 REVOLVING CREDIT FACILITY

CREDIT AGREEMENT

by and among

L.B. FOSTER COMPANY, as a Borrower,

THE OTHER BORROWERS PARTY HERETO,

THE GUARANTORS PARTY HERETO

and

THE LENDERS PARTY HERETO

and

PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent

and

BANK OF AMERICA, N.A. and WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Co-Syndication Agents

and

PNC CAPITAL MARKETS LLC, as Lead Arranger

Dated as of May 2, 2011

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 	 	 

	1.	 	CERTAIN DEFINITIONS	 	 	1	 
	 	 	1.1	 	Certain Definitions	 	 	1	 
	 	 	1.2	 	Construction	 	 	24	 
	 	 	1.3	 	Accounting Principles; Changes in GAAP	 	 	24	 
	 
	 	 	 	 	 	 	 	 	 	 
	2.	 	REVOLVING CREDIT AND SWING LOAN FACILITIES	 	 	25	 
	 	 	2.1	 	Revolving Credit Commitments	 	 	25	 
	 
	 	 	 	2.1.1	 	Revolving Credit Loans	 	 	25	 
	 
	 	 	 	2.1.2	 	Swing Loan Commitment	 	 	27	 
	 
	 	 	 	2.1.3	 	Optional Currency Sublimit	 	 	28	 
	 	 	2.2	 	Nature of Lenders’ Obligations with Respect to Revolving Credit Loans	 	 	28	 
	 	 	2.3	 	Commitment Fees	 	 	28	 
	 	 	2.4	 	Revolving Credit Loan Requests; Swing Loan Requests	 	 	29	 
	 
	 	 	 	2.4.1	 	Revolving Credit Loan Requests	 	 	29	 
	 
	 	 	 	2.4.2	 	Swing Loan Requests	 	 	29	 
	 	 	2.5	 	Making Revolving Credit Loans and Swing Loans; Presumptions by the
Administrative Agent; Repayment of Revolving Credit Loans; Borrowings to Repay
Swing Loans	 	 	30	 
	 
	 	 	 	2.5.1	 	Making Revolving Credit Loans	 	 	30	 
	 
	 	 	 	2.5.2	 	Presumptions by the Administrative Agent	 	 	30	 
	 
	 	 	 	2.5.3	 	Making Swing Loans	 	 	31	 
	 
	 	 	 	2.5.4	 	Repayment of Revolving Credit Loans	 	 	31	 
	 
	 	 	 	2.5.5	 	Borrowings to Repay Swing Loans	 	 	31	 
	 
	 	 	 	2.5.6	 	Swing Loans Under Cash Management Agreements	 	 	31	 
	 	 	2.6	 	Notes	 	 	32	 
	 	 	2.7	 	Use of Proceeds	 	 	32	 
	 	 	2.8	 	Letter of Credit Subfacility
	 	 	
32	 
	 	 	 	 	2.8.1	 	Issuance of Letters of Credit	 	 	32
	 
	 
	 	 	 	2.8.2	 	Letter of Credit Fees	 	 	33	 
	 
	 	 	 	2.8.3	 	Disbursements, Reimbursement	 	 	33	 
	 
	 	 	 	2.8.4	 	Repayment of Participation Advances	 	 	35	 
	 
	 	 	 	2.8.5	 	Documentation	 	 	35	 
	 
	 	 	 	2.8.6	 	Determinations to Honor Drawing Requests	 	 	36	 
	 
	 	 	 	2.8.7	 	Nature of Participation and Reimbursement Obligations	 	 	36	 
	 
	 	 	 	2.8.8	 	Indemnity	 	 	37	 
	 
	 	 	 	2.8.9	 	Liability for Acts and Omissions	 	 	38	 
	 
	 	 	 	2.8.10	 	Issuing Lender Reporting Requirements	 	 	39	 
	 	 	2.9	 	Utilization of Commitments in Optional Currencies	 	 	39	 
	 
	 	 	 	2.9.1	 	Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans that are Optional Currency Loans and Letters of Credit Outstanding; Repayment in Same Currency	 	 	39	 

 

 

	 	 	 	 	 	 	 	 	 	 	 

	 
	 	 	 	2.9.2	 	Notices From Lenders That Optional Currencies Are Unavailable to Fund New Loans	 	 	40	 
	 
	 	 	 	2.9.3	 	Notices From Lenders That Optional Currencies Are Unavailable to Fund Renewals of the Euro-Rate Option	 	 	40	 
	 
	 	 	 	2.9.4	 	European Monetary Union	 	 	41	 
	 
	 	 	 	2.9.5	 	Requests for Additional Optional Currencies	 	 	41	 
	 	 	2.10	 	Defaulting Lenders	 	 	41	 
	 	 	2.11	 	Provisions Applicable to All Loans	 	 	43	 
	 
	 	 	 	2.11.1	 	Notes	 	 	43	 
	 
	 	 	 	2.11.2	 	Joint and Several Obligations	 	 	44	 
	 
	 	 	 	 	 	 	 	 	 	 
	3.	 	RESERVED	 	 	44	 
	 
	 	 	 	 	 	 	 	 	 	 
	4.	 	INTEREST RATES	 	 	44	 
	 	 	4.1	 	Interest Rate Options	 	 	44	 
	 
	 	 	 	4.1.1	 	Revolving Credit Interest Rate Options; Swing Line Interest Rate	 	 	44	 
	 
	 	 	 	4.1.2	 	Rate Quotations	 	 	45	 
	 	 	4.2	 	Interest Periods	 	 	45	 
	 
	 	 	 	4.2.1	 	Amount of Borrowing Tranche	 	 	45	 
	 
	 	 	 	4.2.2	 	Renewals	 	 	45	 
	 	 	4.3	 	Interest After Default	 	 	45	 
	 
	 	 	 	4.3.1	 	Letter of Credit Fees, Interest Rate	 	 	45	 
	 
	 	 	 	4.3.2	 	Other Obligations	 	 	45	 
	 
	 	 	 	4.3.3	 	Acknowledgment	 	 	45	 
	 	 	4.4	 	Euro-Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available	 	 	46	 
	 
	 	 	 	4.4.1	 	Unascertainable	 	 	46	 
	 
	 	 	 	4.4.2	 	Illegality; Increased Costs; Deposits Not Available	 	 	46	 
	 
	 	 	 	4.4.3	 	Administrative Agent’s and Lender’s Rights	 	 	46	 
	 	 	4.5	 	Selection of Interest Rate Options	 	 	47	 
	 	 	4.6	 	Interest Act (Canada) Disclosure	 	 	47	 
	 	 	4.7	 	Canadian Usury Provision	 	 	47	 
	 
	 	 	 	 	 	 	 	 	 	 
	5.	 	PAYMENTS	 	 	48	 
	 	 	5.1	 	Payments	 	 	48	 
	 	 	5.2	 	Pro Rata Treatment of Lenders	 	 	48	 
	 	 	5.3	 	Sharing of Payments by Lenders	 	 	49	 
	 	 	5.4	 	Presumptions by Administrative Agent	 	 	49	 
	 	 	5.5	 	Interest Payment Dates	 	 	50	 
	 	 	5.6	 	Voluntary Prepayments	 	 	50	 
	 
	 	 	 	5.6.1	 	Right to Prepay	 	 	50	 
	 
	 	 	 	5.6.2	 	Replacement of a Lender	 	 	51	 
	 	 	5.7	 	Mandatory Prepayments	 	 	51	 
	 
	 	 	 	5.7.1	 	Mandatory Prepayment of Loans	 	 	51	 
	 
	 	 	 	5.7.2	 	Application Among Interest Rate Options	 	 	52	 
	 
	 	 	 	5.7.3	 	Cash Collateralization	 	 	52	 

ii

 

	 	 	 	 	 	 	 	 	 	 	 

	 
	 	 	 	5.7.4	 	Application of Prepayments	 	 	52	 
	 
	 	 	 	5.7.5	 	No Deemed Cure	 	 	52	 
	 	 	5.8	 	Increased Costs	 	 	52	 
	 
	 	 	 	5.8.1	 	Increased Costs Generally	 	 	52	 
	 
	 	 	 	5.8.2	 	Capital Requirements	 	 	53	 
	 
	 	 	 	5.8.3	 	Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New Loans	 	 	53	 
	 
	 	 	 	5.8.4	 	Delay in Requests	 	 	54	 
	 	 	5.9	 	Taxes	 	 	54	 
	 
	 	 	 	5.9.1	 	Payments Free of Taxes	 	 	54	 
	 
	 	 	 	5.9.2	 	Payment of Other Taxes by the Borrowers	 	 	54	 
	 
	 	 	 	5.9.3	 	Indemnification by the Borrowers	 	 	54	 
	 
	 	 	 	5.9.4	 	Evidence of Payments	 	 	55	 
	 
	 	 	 	5.9.5	 	Status of Lenders	 	 	55	 
	 
	 	 	 	5.9.6	 	Lenders' Cooperation in Tax Matters	 	 	56	 
	 	 	5.10	 	Indemnity	 	 	56	 
	 	 	5.11	 	Settlement Date Procedures	 	 	57	 
	 
	 	 	 	 	 	 	 	 	 	 
	6.	 	REPRESENTATIONS AND WARRANTIES	 	 	58	 
	 	 	6.1	 	Representations and Warranties	 	 	58	 
	 
	 	 	 	6.1.1	 	Organization and Qualification; Power and Authority; Compliance With Laws; Title to Properties; Event of Default	 	 	58	 
	 
	 	 	 	6.1.2	 	Subsidiaries and Owners; Investment Companies	 	 	58	 
	 
	 	 	 	6.1.3	 	Validity and Binding Effect	 	 	58	 
	 
	 	 	 	6.1.4	 	No Conflict; Material Agreements; Consents	 	 	59	 
	 
	 	 	 	6.1.5	 	Litigation	 	 	59	 
	 
	 	 	 	6.1.6	 	Financial Statements	 	 	59	 
	 
	 	 	 	6.1.7	 	Margin Stock	 	 	60	 
	 
	 	 	 	6.1.8	 	Full Disclosure	 	 	60	 
	 
	 	 	 	6.1.9	 	Taxes	 	 	60	 
	 
	 	 	 	6.1.10	 	Patents, Trademarks, Copyrights, Licenses, Etc.	 	 	60	 
	 
	 	 	 	6.1.11	 	Reserved	 	 	60	 
	 
	 	 	 	6.1.12	 	Insurance	 	 	60	 
	 
	 	 	 	6.1.13	 	ERISA Compliance	 	 	61	 
	 
	 	 	 	6.1.14	 	Environmental Matters	 	 	61	 
	 
	 	 	 	6.1.15	 	Solvency	 	 	61	 
	 
	 	 	 	6.1.16	 	Business and Property of Borrowers	 	 	61	 
	 	 	6.2	 	Updates to Schedules	 	 	61	 
	 
	 	 	 	 	 	 	 	 	 	 
	7.	 	CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT	 	 	62	 
	 	 	7.1	 	First Loans and Letters of Credit	 	 	62	 
	 
	 	 	 	7.1.1	 	Deliveries	 	 	62	 
	 
	 	 	 	7.1.2	 	Payment of Fees	 	 	63	 
	 	 	7.2	 	Each Loan or Letter of Credit	 	 	63	 

iii

 

	 	 	 	 	 	 	 	 	 	 	 

	8.	 	COVENANTS	 	 	63	 
	 	 	8.1	 	Affirmative Covenants	 	 	64	 
	 
	 	 	 	8.1.1	 	Preservation of Existence, Etc.	 	 	64	 
	 
	 	 	 	8.1.2	 	Payment of Liabilities, Including Taxes, Etc.	 	 	64	 
	 
	 	 	 	8.1.3	 	Maintenance of Insurance	 	 	64	 
	 
	 	 	 	8.1.4	 	Maintenance of Properties and Leases	 	 	64	 
	 
	 	 	 	8.1.5	 	Visitation Rights	 	 	64	 
	 
	 	 	 	8.1.6	 	Keeping of Records and Books of Account	 	 	65	 
	 
	 	 	 	8.1.7	 	Compliance with Laws; Use of Proceeds	 	 	65	 
	 
	 	 	 	8.1.8	 	Anti-Terrorism Laws	 	 	65	 
	 	 	8.2	 	Negative Covenants	 	 	65	 
	 
	 	 	 	8.2.1	 	Indebtedness	 	 	65	 
	 
	 	 	 	8.2.2	 	Liens; Lien Covenants	 	 	66	 
	 
	 	 	 	8.2.3	 	Guaranties	 	 	66	 
	 
	 	 	 	8.2.4	 	Loans and Investments	 	 	66	 
	 
	 	 	 	8.2.5	 	Dividends and Related Distributions	 	 	67	 
	 
	 	 	 	8.2.6	 	Merger, Consolidation, and Acquisition of Assets	 	 	68	 
	 
	 	 	 	8.2.7	 	Dispositions of Assets or Subsidiaries	 	 	69	 
	 
	 	 	 	8.2.8	 	Affiliate Transactions	 	 	69	 
	 
	 	 	 	8.2.9	 	Subsidiaries, Partnerships and Joint Ventures	 	 	69	 
	 
	 	 	 	8.2.10	 	Continuation of or Change in Business	 	 	70	 
	 
	 	 	 	8.2.11	 	Fiscal Year	 	 	70	 
	 
	 	 	 	8.2.12	 	Changes in Organizational Documents	 	 	70	 
	 
	 	 	 	8.2.13	 	Maximum Leverage Ratio	 	 	70	 
	 
	 	 	 	8.2.14	 	Minimum Interest Coverage Ratio	 	 	70	 
	 	 	8.3	 	Reporting Requirements	 	 	70	 
	 
	 	 	 	8.3.1	 	Quarterly Financial Statements	 	 	70	 
	 
	 	 	 	8.3.2	 	Annual Financial Statements	 	 	71	 
	 
	 	 	 	8.3.3	 	Certificate of the Company	 	 	71	 
	 
	 	 	 	8.3.4	 	Notices	 	 	71	 
	 
	 	 	 	 	 	 	 	 	 	 
	9.	 	DEFAULT	 	 	72	 
	 	 	9.1	 	Events of Default	 	 	72	 
	 
	 	 	 	9.1.1	 	Payments Under Loan Documents	 	 	72	 
	 
	 	 	 	9.1.2	 	Breach of Warranty	 	 	72	 
	 
	 	 	 	9.1.3	 	Breach of Negative Covenants or Visitation Rights	 	 	73	 
	 
	 	 	 	9.1.4	 	Breach of Other Covenants	 	 	73	 
	 
	 	 	 	9.1.5	 	Defaults in Other Agreements or Indebtedness	 	 	73	 
	 
	 	 	 	9.1.6	 	Final Judgments or Orders	 	 	73	 
	 
	 	 	 	9.1.7	 	Loan Document Unenforceable	 	 	73	 
	 
	 	 	 	9.1.8	 	Events Relating to Plans and Benefit Arrangements	 	 	73	 
	 
	 	 	 	9.1.9	 	Change of Control	 	 	73	 
	 
	 	 	 	9.1.10	 	Relief Proceedings	 	 	74	 
	 	 	9.2	 	Consequences of Event of Default	 	 	74	 
	 
	 	 	 	9.2.1	 	Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings	 	 	74	 

iv

 

	 	 	 	 	 	 	 	 	 	 	 

	 
	 	 	 	9.2.2	 	Bankruptcy, Insolvency or Reorganization Proceedings	 	 	74	 
	 
	 	 	 	9.2.3	 	Set-off	 	 	75	 
	 
	 	 	 	9.2.4	 	Application of Proceeds	 	 	75	 
	 
	 	 	 	 	 	 	 	 	 	 
	10.	 	THE ADMINISTRATIVE AGENT	 	 	76	 
	 	 	10.1	 	Appointment and Authority	 	 	76	 
	 	 	10.2	 	Rights as a Lender	 	 	76	 
	 	 	10.3	 	Exculpatory Provisions	 	 	76	 
	 	 	10.4	 	Reliance by Administrative Agent	 	 	77	 
	 	 	10.5	 	Delegation of Duties	 	 	77	 
	 	 	10.6	 	Resignation of Administrative Agent	 	 	77	 
	 	 	10.7	 	Non-Reliance on Administrative Agent and Other Lenders	 	 	78	 
	 	 	10.8	 	No Other Duties, etc.	 	 	79	 
	 	 	10.9	 	Administrative Agent’s Fee	 	 	79	 
	 	 	10.10	 	No Reliance on Administrative Agent’s Customer Identification Program	 	 	79	 
	 
	 	 	 	 	 	 	 	 	 	 
	11.	 	GUARANTY	 	 	79	 
	 	 	11.1	 	Guaranty by the Domestic Loan Parties	 	 	79	 
	 	 	11.2	 	Guaranty by the Foreign Loan Parties	 	 	80	 
	 	 	11.3	 	Additional Undertaking	 	 	80	 
	 	 	11.4	 	Guaranty Unconditional	 	 	80	 
	 	 	11.5	 	Loan Parties’ Obligations to Remain in Effect; Restoration	 	 	81	 
	 	 	11.6	 	Waiver of Acceptance, etc.	 	 	81	 
	 	 	11.7	 	Subrogation	 	 	81	 
	 	 	11.8	 	Effect of Stay	 	 	82	 
	 
	 	 	 	 	 	 	 	 	 	 
	12.	 	MISCELLANEOUS	 	 	82	 
	 	 	12.1	 	Modifications, Amendments or Waivers	 	 	82	 
	 
	 	 	 	12.1.1	 	Increase of Commitment	 	 	82	 
	 
	 	 	 	12.1.2	 	Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of Payment	 	 	82	 
	 
	 	 	 	12.1.3	 	Release of Guarantor	 	 	82	 
	 
	 	 	 	12.1.4	 	Miscellaneous	 	 	82	 
	 	 	12.2	 	No Implied Waivers; Cumulative Remedies	 	 	83	 
	 	 	12.3	 	Expenses; Indemnity; Damage Waiver	 	 	83	 
	 
	 	 	 	12.3.1	 	Costs and Expenses	 	 	83	 
	 
	 	 	 	12.3.2	 	Indemnification by the Borrowers	 	 	83	 
	 
	 	 	 	12.3.3	 	Reimbursement by Lenders	 	 	84	 
	 
	 	 	 	12.3.4	 	Waiver of Consequential Damages, Etc.	 	 	84	 
	 
	 	 	 	12.3.5	 	Payments	 	 	85	 
	 	 	12.4	 	Holidays	 	 	85	 
	 	 	12.5	 	Notices; Effectiveness; Electronic Communication	 	 	85	 
	 
	 	 	 	12.5.1	 	Notices Generally	 	 	85	 
	 
	 	 	 	12.5.2	 	Electronic Communications	 	 	85	 
	 
	 	 	 	12.5.3	 	Change of Address, Etc.	 	 	86	 
	 	 	12.6	 	Severability	 	 	86	 

v

 

	 	 	 	 	 	 	 	 	 	 	 

	 	 	12.7	 	Duration; Survival	 	 	86	 
	 	 	12.8	 	Successors and Assigns	 	 	86	 
	 
	 	 	 	12.8.1	 	Successors and Assigns Generally	 	 	86	 
	 
	 	 	 	12.8.2	 	Assignments by Lenders	 	 	86	 
	 
	 	 	 	12.8.3	 	Register	 	 	88	 
	 
	 	 	 	12.8.4	 	Participations	 	 	88	 
	 
	 	 	 	12.8.5	 	Limitations upon Participant Rights Successors and Assigns Generally	 	 	89	 
	 
	 	 	 	12.8.6	 	Certain Pledges; Successors and Assigns Generally	 	 	89	 
	 	 	12.9	 	Confidentiality	 	 	89	 
	 
	 	 	 	12.9.1	 	General	 	 	89	 
	 
	 	 	 	12.9.2	 	Sharing Information With Affiliates of the Lenders	 	 	90	 
	 	 	12.10	 	Counterparts; Integration; Effectiveness	 	 	90	 
	 
	 	 	 	12.10.1	 	Counterparts; Integration; Effectiveness	 	 	90	 
	 	 	12.11	 	CHOICE OF LAW; SUBMISSION TO JURISDICTION; WAIVER OF VENUE; SERVICE OF
PROCESS; WAIVER OF JURY TRIAL	 	 	90	 
	 
	 	 	 	12.11.1	 	Governing Law	 	 	90	 
	 
	 	 	 	12.11.2	 	SUBMISSION TO JURISDICTION	 	 	90	 
	 
	 	 	 	12.11.3	 	WAIVER OF VENUE	 	 	91	 
	 
	 	 	 	12.11.4	 	SERVICE OF PROCESS	 	 	91	 
	 
	 	 	 	12.11.5	 	WAIVER OF JURY TRIAL	 	 	91	 
	 	 	12.12	 	USA PATRIOT Act Notice	 	 	92	 
	 	 	12.13	 	Borrower Agent	 	 	92	 
	 	 	12.14	 	Foreign Loan Parties	 	 	92	 
	 	 	12.15	 	Joinder of Borrowers and Guarantors; Release of Foreign Borrowers	 	 	92	 
	 
	 	 	 	12.15.1	 	Joinder of Borrowers and Guarantors	 	 	92	 

vi

 

LIST OF SCHEDULES AND EXHIBITS

	 	 	 	 	 

	SCHEDULES
	 	 	 	 
	SCHEDULE 1.1(A)

	 	-
	 	PRICING GRID
	SCHEDULE 1.1(B)

	 	-
	 	COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES
	SCHEDULE 1.1(P)

	 	-
	 	PERMITTED LIENS
	SCHEDULE 2.8.1

	 	-
	 	LETTERS OF CREDIT
	SCHEDULE 6.1.1

	 	-
	 	QUALIFICATIONS TO DO BUSINESS
	SCHEDULE 6.1.2

	 	-
	 	SUBSIDIARIES
	SCHEDULE 6.1.14

	 	-
	 	ENVIRONMENTAL DISCLOSURES
	SCHEDULE 7.1.1

	 	-
	 	OPINION OF COUNSEL
	SCHEDULE 8.2.1

	 	-
	 	PERMITTED INDEBTEDNESS
	SCHEDULE 8.2.3

	 	-
	 	GUARANTIES
	SCHEDULE 8.2.4

	 	-
	 	INVESTMENTS
	SCHEDULE 8.2.9

	 	-
	 	SUBSIDIARIES, PARTNERSHIPS, JOINT VENTURES
	 
	 	 	 	 
	EXHIBITS
	 	 	 	 
	EXHIBIT 1.1(A)

	 	-
	 	ASSIGNMENT AND ASSUMPTION AGREEMENT
	EXHIBIT 1.1(B)

	 	-
	 	BORROWER JOINDER
	EXHIBIT 1.1(G)(1)

	 	-
	 	GUARANTOR JOINDER
	EXHIBIT 1.1(G)(2)

	 	-
	 	GUARANTY AGREEMENT
	EXHIBIT 1.1(I)

	 	-
	 	INTERCOMPANY SUBORDINATION AGREEMENT
	EXHIBIT 1.1(L)

	 	-
	 	LENDER JOINDER
	EXHIBIT 1.1(N)(1)

	 	-
	 	REVOLVING CREDIT NOTE
	EXHIBIT 1.1(N)(2)

	 	-
	 	SWING LOAN NOTE
	EXHIBIT 2.4.1

	 	-
	 	LOAN REQUEST
	EXHIBIT 2.4.2

	 	-
	 	SWING LOAN REQUEST
	EXHIBIT 8.2.6

	 	-
	 	ACQUISITION COMPLIANCE CERTIFICATE
	EXHIBIT 8.3.3

	 	-
	 	QUARTERLY COMPLIANCE CERTIFICATE

 

 

CREDIT AGREEMENT

     THIS CREDIT AGREEMENT (as hereafter amended, the “Agreement”) is dated as of May 2, 2011 and
is made by and among L.B. FOSTER COMPANY, a Pennsylvania corporation (the “Company”), CXT
INCORPORATED, a Delaware corporation (“CXT”), SALIENT SYSTEMS, INC., an Ohio corporation (“Salient
Systems”), PORTEC RAIL PRODUCTS, INC., a West Virginia corporation (“Portec Rail”), PORTEC, RAIL
PRODUCTS LTD., a corporation incorporated under the laws of Canada (“Portec Ltd.”) and KELSAN
TECHNOLOGIES CORP., a corporation amalgamated under the laws of Canada (“Kelsan” and together with
the Company, CXT, Salient Systems, Portec Rail and Portec Ltd., collectively referred to here in as
the “Borrowers”), each of the other BORROWERS and each of the GUARANTORS (as hereinafter defined)
from time to time a party hereto, the LENDERS (as hereinafter defined) from time to time a party
hereto, PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders
under this Agreement (hereinafter referred to in such capacity as the “Administrative Agent”) and
Bank of America, N.A., as a Co-Syndication Agent, and Wells Fargo Bank, National Association, as a
Co-Syndication Agent.

     The Borrowers have requested the Lenders to provide a revolving credit facility to the
Borrowers in an aggregate principal amount not to exceed $125,000,000, with sublimits for (a) the
issuance of Letters of Credit in Dollars and in Optional Currencies in an amount not to exceed
$20,000,000, (b) borrowings of Swing Loans in Dollars in an amount not to exceed $15,000,000, and
(c) borrowings in Optional Currencies in an amount not to exceed $15,000,000; and with an accordion
feature not to exceed $50,000,000. In consideration of their mutual covenants and agreements
hereinafter set forth and intending to be legally bound hereby, the parties hereto covenant and
agree as follows:

1. CERTAIN DEFINITIONS

     1.1 Certain Definitions. In addition to words and terms defined elsewhere in this
Agreement, the following words and terms shall have the following meanings, respectively, unless
the context hereof clearly requires otherwise:

          Acquisition Compliance Certificate shall have the meaning ascribed to such term in
Section 8.2.6(e) [Merger, Consolidation, and Acquisition of Assets] hereof.

          Administrative Agent shall mean PNC Bank, National Association, and its successors and
assigns.

          Administrative Agent’s Fee shall have the meaning specified in Section 10.9
[Administrative Agent’s Fee].

          Administrative Agent’s Letter shall have the meaning specified in Section 10.9
[Administrative Agent’s Fee].

          Affiliate as to any Person shall mean any other Person (i) which directly or
indirectly controls, is controlled by, or is under common control with such Person, (ii) which

 

 

beneficially owns or holds 20% or more of any class of the voting or other equity interests of such
Person, or (iii) 20% or more of any class of voting interests or other equity interests of which is
beneficially owned or held, directly or indirectly, by such Person.

          Anti-Terrorism Laws shall mean any Laws relating to terrorism or money laundering,
including Executive Order No. 13224, the USA PATRIOT Act, the Laws comprising or implementing the
Bank Secrecy Act, and the Laws administered by the United States Treasury Department’s Office of
Foreign Asset Control (as any of the foregoing Laws may from time to time be amended, renewed,
extended, or replaced).

          Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the
Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the
heading “Commitment Fee”.

          Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on
the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below
the heading “Standby Letter of Credit Fee” or “Commercial Letter of Credit Fee”, as applicable.

          Applicable Margin shall mean, as applicable:

          (A) the percentage spread to be added to the Base Rate applicable to Revolving Credit Loans
under the Base Rate Option based on the Leverage Ratio then in effect according to the pricing grid
on Schedule 1.1(A) below the heading “Revolving Credit Base Rate Spread”, or

          (B) the percentage spread to be added to the Euro-Rate applicable to Revolving Credit Loans
under the Euro-Rate Option based on the Leverage Ratio then in effect according to the pricing grid
on Schedule 1.1(A) below the heading “Revolving Credit Euro-Rate Spread”.

          Approved Fund shall mean any fund that is engaged in making, purchasing, holding or
investing in bank loans and similar extensions of credit in the ordinary course of business and
that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or
an Affiliate of an entity that administers or manages a Lender.

          Arranger shall mean PNC Capital Markets LLC.

          Assignment and Assumption Agreement shall mean an assignment and assumption agreement
entered into by a Lender and an assignee permitted under Section 12.8 [Successors and Assigns], in
substantially the form of Exhibit 1.1(A).

          Authorized Officer shall mean, with respect to any Loan Party, the Chief Executive
Officer, President, Chief or Deputy Chief Financial Officer, Treasurer or Assistant Treasurer of
such Loan Party or such other individuals, designated by written notice to the Administrative Agent
from such Loan Party, authorized to execute notices, reports and other documents on behalf of the Loan Parties required hereunder. The Loan Parties may amend such

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list of individuals from time to time by giving written notice of such amendment to the
Administrative Agent.

          Base Rate shall mean, for any day, a fluctuating per annum rate of interest equal to
the highest of (a) the Federal Funds Open Rate, plus fifty basis points (0.5%), (b) the
Prime Rate, or (c) the Daily Euro-Rate, plus one hundred basis points (1.0%). Any change
in the Base Rate (or any component thereof) shall take effect at the opening of business on the day
such change occurs.

          Base Rate Option shall mean the option of the Borrowers to have Loans bear interest at
the rate and under the terms set forth in Section 4.1.1(i) [Revolving Credit Base Rate Option].

          Borrower Agent shall have the meaning ascribed to such term in Section 12.13 [Borrower
Agent] hereof.

          Borrower Joinder shall mean a joinder by a Person as a Borrower under this Agreement
and the other Loan Documents in substantially the form of Exhibit 1.1(B).

          Borrowers shall mean the Company, CXT, Salient Systems, Portec Rail, Portec, Ltd. and
Kelsan, any other Person which joins this Agreement as a Borrower after the date hereof, and the
successors and assigns of each of the foregoing to the extent permitted under this Agreement.

          Borrowing Date shall mean, with respect to any Loan, the date for the making thereof
or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which
shall be a Business Day.

          Borrowing Tranche shall mean specified portions of Loans outstanding as follows: (i)
any Loans to which a Euro-Rate Option applies which become subject to the same Interest Rate Option
under the same Loan Request by the Borrowers and which have the same Interest Period shall
constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall
constitute one Borrowing Tranche.

          Business Day shall mean any day other than a Saturday or Sunday or a legal holiday on
which commercial banks are authorized or required to be closed for business in Pittsburgh,
Pennsylvania and if the applicable Business Day relates to any Loan to which the Euro-Rate Option
applies, such day must also be a day on which dealings are carried on in the London interbank
market.

          Canadian Borrower shall mean any Borrower incorporated or otherwise organized under
the laws of Canada or any province or territory thereof.

          Cash Collateralize means to pledge and deposit with or deliver to Administrative
Agent, for the benefit of each Issuing Lender and the Lenders, as collateral for the Letter of
Credit Obligations, cash or deposit account balances pursuant to documentation satisfactory to
Administrative Agent and the Issuing Lenders (which documents are hereby consented to by the

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Lenders). Such cash collateral shall be maintained in blocked, interest bearing deposit
accounts at the Administrative Agent.

          Cash On Hand shall mean, as of any date of determination, an amount equal to the
aggregate amount of all cash and cash equivalents of the Company and its Subsidiaries as of such
date, other than cash pledged, escrowed or on deposit to secure performance obligations.

          Cash Management Agreements shall have the meaning specified in Section 2.5.6 [Swing
Loans under Cash Management Agreements].

          Change in Law shall mean the occurrence, after the date of this Agreement, of any of
the following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the
administration, interpretation or application thereof by any Official Body or (c) the making or
issuance of any request, guideline or directive (whether or not having the force of Law) by any
Official Body; provided however, for purposes of this Agreement, the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, guidelines and directives in connection
therewith are deemed to have gone into effect and adopted after the date of this Agreement, and
provided further, for purposes of Section 5.8.2 [Capital Requirements], all requests,
rules, guidelines or directives promulgated by the Bank of International Settlements, the Basel
Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority)
or the United States financial regulatory authorities with respect to capital adequacy shall be
deemed to be a Change in Law regardless of the date adopted, issued, promulgated or implemented.

          Closing Date shall mean the Business Day on which the first Loan shall be made, which
shall be May 2, 2011.

          Co-Syndication Agents shall collectively mean Bank of America, N.A. and Wells Fargo
Bank, National Association.

          Coal Train Holdings shall mean Coal Train Holdings, Inc., a corporation incorporated
under the laws of the State of Delaware.

          Code shall mean the Internal Revenue Code of 1986, as the same may be amended or
supplemented from time to time, and any successor statute of similar import, and the rules and
regulations thereunder, as from time to time in effect.

          Commercial Letter of Credit shall mean a commercial letter of credit issued in respect
of the purchase of goods or services in the ordinary course of business.

          Commitment shall mean as to any Lender the aggregate of its Revolving Credit
Commitment and, in the case of PNC, its Swing Loan Commitment, and Commitments shall mean
the aggregate of the Revolving Credit Commitments and Swing Loan Commitment of all of the Lenders.

          Commitment Fee shall have the meaning specified in Section 2.3 [Commitment Fees].

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          Compliance Certificate shall have the meaning specified in Section 8.3.3 [Certificate
of the Company].

          Computation Date shall have the meaning specified in Section 2.9.1 [Periodic
Computations of Dollar Equivalent amounts of Revolving Credit Loans and Letters of Credit
Outstanding; Repayment in Same Currency].

          Consolidated EBITDA for any period of determination shall mean (a) the sum of: (i) net
income, (ii) depreciation, (iii) amortization, (iv) interest expense, (v) income tax expense, (vi)
non-cash expenses in connection with the Borrowers’ employee stock option plan, (vii) reasonable
transaction costs and expenses related to the Portec Acquisition, (viii) integration expenses
incurred during fiscal year 2011 in an amount not to exceed $2,000,000 relating to the Portec
Acquisition, (ix) reasonable transaction costs and expenses related to Permitted Acquisitions in an
aggregate amount not to exceed $2,500,000 applied by the Borrowers in the period that any such
Permitted Acquisition occurred, and (x) any other non-cash charges, non-cash expenses or non-cash
losses of the Company or any of its consolidated Subsidiaries (including but not limited to costs
recognized related to an acquisition purchase price allocation to tangible or intangible assets not
classified as depreciation or amortization); provided, however, that cash payments
made in such period or in any future period in respect of such non-cash charges, expenses or losses
shall be subtracted from consolidated net income in calculating Consolidated EBITDA in the period
when such payments are made, minus (b) non-cash credits to net income, in each case of the
Company and its Subsidiaries (including but not limited to benefits recognized related to an
acquisition purchase price allocation to tangible or intangible assets not classified as
depreciation or amortization) for such period determined and consolidated in accordance with GAAP;
provided, however, that for the purposes of this definition, with respect to a
business acquired by the Loan Parties pursuant to a Permitted Acquisition, Consolidated EBITDA
shall be calculated on a pro forma basis in a manner acceptable to the Administrative Agent, using
historical numbers, in accordance with GAAP as if the Permitted Acquisition had been consummated at
the beginning of such period, and provided, further, that for the purposes of this
definition, with respect to a business or assets conveyed or disposed of by the Loan Parties
pursuant to Section 8.2.6 [Merger, Consolidation, and Acquisition of Assets], Consolidated EBITDA
shall be calculated as if such disposition or conveyance had been consummated at the beginning of
such period.

          Consolidated Total Net Indebtedness shall mean as of any date of determination the
aggregate of all Indebtedness of the Company and its Subsidiaries (excluding the indebtedness
described in Section (iv) of the definition of Indebtedness) as of such date determined and
consolidated in accordance with GAAP minus Cash on Hand in excess of $15,000,000 which is held by
the Company and its Subsidiaries. Consolidated Total Net Indebtedness shall be measured at the end
of each fiscal quarter or the quarter most recently ended if such date is not a fiscal quarter end.

          Customer shall mean and include the account debtor with respect to any account
receivable and/or the prospective purchaser of goods, services or both with respect to any contract
or contract right, and/or any party who enters into or proposes to enter into any contract or other
arrangement with any Borrower, pursuant to which such Borrower is to deliver any personal property
or perform any services.

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          Daily Euro-Rate shall mean, for any day, the rate per annum determined by the
Administrative Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the
Euro-Rate Reserve Percentage on such day.

          Defaulting Lender shall mean any Lender that (a) has failed, within two Business Days
of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any
portion of its participations in Letters of Credit or Swing Loans or (iii) pay over to the
Administrative Agent, the Issuing Lender, PNC (as the Swing Loan Lender) or any Lender any other
amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender
notifies the Administrative Agent in writing that such failure is the result of such Lender’s good
faith determination that a condition precedent to funding (specifically identified and including
the particular default, if any) has not been satisfied, (b) has notified the Borrowers or the
Administrative Agent in writing, or has made a public statement to the effect, that it does not
intend or expect to comply with any of its funding obligations under this Agreement (unless such
writing or public statement indicates that such position is based on such Lender’s good faith
determination that a condition precedent (specifically identified and including the particular
default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under
other agreements in which it commits to extend credit, (c) has failed, within two Business Days
after request by the Administrative Agent, acting in good faith, to provide a certification in
writing from an authorized officer of such Lender that it will comply with its obligations (and is
financially able to meet such obligations) to fund prospective Loans and participations in then
outstanding Letters of Credit and Swing Loans under this Agreement, provided that such Lender shall
cease to be a Defaulting Lender pursuant to this clause (c) upon the Administrative Agent’s receipt
of such certification in form and substance satisfactory to the Administrative Agent, (d) has
become the subject of a Bankruptcy Event or (e) has failed at any time to comply with the
provisions of Section 5.3 with respect to purchasing participations from the other Lenders, whereby
such Lender’s share of any payment received, whether by setoff or otherwise, is in excess of its
Ratable Share of such payments due and payable to all of the Lenders.

          As used in this definition and in Section 2.10 [Defaulting Lenders], the term “Bankruptcy
Event” means, with respect to any Person, such Person or such Person’s direct or indirect parent
company becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver,
conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar
Person charged with the reorganization or liquidation of its business appointed for it, or, in the
good faith determination of the Administrative Agent, has taken any action in furtherance of, or
indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment,
provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or
the acquisition of any ownership interest, in such Person or such Person’s direct or indirect
parent company by a Official Body or instrumentality thereof if, and only if, such ownership
interest does not result in or provide such Person 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 Person (or such Official Body or instrumentality) to reject, repudiate, disavow or
disaffirm any contracts or agreements made by such Person.

          Dollar, Dollars, U.S. Dollars and the symbol $ shall mean lawful money of the
United States of America.

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          Dollar Equivalent shall mean, with respect to any amount of any currency, as of any
Computation Date, the Equivalent Amount of such currency expressed in Dollars.

          Domestic Borrowers shall mean the Borrowers which are organized under the laws of the
United States of America, any State thereof or the District of Columbia.

          Domestic Guarantors shall mean the Guarantors which are organized under the laws of
the United States of America, any State thereof or the District of Columbia.

          Domestic Loan Parties shall mean the Domestic Borrowers and Domestic Guarantors.

          Drawing Date shall have the meaning specified in Section 2.8.3 [Disbursements,
Reimbursement].

          Environmental Laws shall mean all applicable federal, state, local, tribal,
territorial and foreign Laws (including common law), constitutions, statutes, treaties,
regulations, rules, ordinances and codes and any consent decrees, settlement agreements, judgments,
orders, directives, policies or programs issued by or entered into with an Official Body pertaining
or relating to: (i) pollution or pollution control; (ii) protection of human health from exposure
to regulated substances; (iii) protection of the environment and/or natural resources; (iv)
employee safety in the workplace; (v) the presence, use, management, generation, manufacture,
processing, extraction, treatment, recycling, refining, reclamation, labeling, packaging, sale,
transport, storage, collection, distribution, disposal or release or threat of release of regulated
substances; (vi) the presence of contamination; (vii) the protection of endangered or threatened
species; and (viii) the protection of environmentally sensitive areas.

          Equivalent Amount shall mean, at any time, as determined by Administrative Agent
(which determination shall be conclusive absent manifest error), with respect to an amount of any
currency (the “Reference Currency”) which is to be computed as an equivalent amount of another
currency (the “Equivalent Currency”), the amount of such Equivalent Currency converted from such
Reference Currency at Administrative Agent’s spot selling rate (based on the market rates then
prevailing and available to Administrative Agent) for the sale of such Equivalent Currency for such
Reference Currency at a time determined by Administrative Agent on the second Business Day
immediately preceding the event for which such calculation is made.

          Equivalent Currency shall have the meaning specified in the definition of Equivalent
Amount.

          ERISA shall mean the Employee Retirement Income Security Act of 1974, as the same may
be amended or supplemented from time to time, and any successor statute of similar import, and the
rules and regulations thereunder, as from time to time in effect.

          ERISA Affiliate shall mean, at any time, any trade or business (whether or not
incorporated) under common control with the Borrowers and are treated as a single employer under
Section 414 of the Code.

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          ERISA Event shall mean (a) a reportable event (under Section 4043 of ERISA and
regulations thereunder) with respect to a Pension Plan; (b) a withdrawal by Borrowers or any ERISA
Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a
substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that
is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial
withdrawal by any Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a
Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the
treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the
commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an
event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or
the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the
imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not
delinquent under Section 4007 of ERISA, upon Borrowers or any ERISA Affiliate.

          ERISA Group shall mean, at any time, the Borrowers and all members of a controlled
group of corporations and all trades or businesses (whether or not incorporated) under common
control and all other entities which, together with the Borrowers, are treated as a single employer
under Section 414 of the Internal Revenue Code.

          Euro shall refer to the lawful currency of the Participating Member States.

          European Interbank Market shall mean the European interbank market for Euro operating
in Participating Member States.

          Euro-Rate shall mean the following:

          (a) with respect to Dollar Loans comprising any Borrowing Tranche to which the Euro-Rate
Option applies for any Interest Period, the interest rate per annum determined by the
Administrative Agent by dividing (the resulting quotient rounded upwards, if necessary, to the
nearest 1/100th of 1% per annum) (i) the rate which appears on the Bloomberg Page BBAM1 (or on such
other substitute Bloomberg page that displays rates at which Dollar deposits are offered by leading
banks in the London interbank deposit market), or the rate which is quoted by another source
selected by the Administrative Agent which has been approved by the British Bankers’ Association as
an authorized information vendor for the purpose of displaying rates at which US Dollar deposits
are offered by leading banks in the London interbank deposit market (for purposes hereof, an
“Alternate Source”), at approximately 11:00 a.m., London time, two (2) Business Days prior to the
commencement of such Interest Period as the London interbank offered rate for Dollars for an amount
comparable to the principal amount of such Borrowing Tranche and having a borrowing date and a
maturity comparable to such Interest Period (or if there shall at any time, for any reason, no
longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable
replacement rate determined by the Administrative Agent at such time (which determination shall be
conclusive absent manifest error)), by (ii) a number equal to 1.00 minus the Euro-Rate Reserve
Percentage. The Euro-Rate with respect to Dollar Loans may also be expressed by the following
formula:

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		Euro-Rate =	 	London interbank offered rate quoted by 

Bloomberg or appropriate successor as shown on

Bloomberg Page BBAM1

   1.00 = Euro-Rate Reserve Percentage

          The Euro-Rate shall be adjusted with respect to any Loan to which the Euro-Rate Option applies
that is outstanding on the effective date of any change in the Euro-Rate Reserve Percentage as of
such effective date. The Administrative Agent shall give prompt notice to the Company on behalf of
the Borrowers of the Euro-Rate as determined or adjusted in accordance herewith, which
determination shall be conclusive absent manifest error.

          (b) with respect to Optional Currency Loans in currency other than Euro comprising any
Borrowing Tranche to which the Euro-Rate Option applies for any Interest Period, the interest rate
per annum determined by Administrative Agent by dividing (i) the rate which appears on the
Bloomberg Page BBAM1 (or on such other substitute Bloomberg page that displays rates at which
deposits in the relevant Optional Currency are offered by leading banks in the Relevant Interbank
Market), or the rate which is quoted by an Alternate Source, at approximately 11:00 a.m., London
time, two (2) Business Days prior to the commencement of such Interest Period as the Relevant
Interbank Market offered rate for deposits in the relevant Optional Currency for an amount
comparable to the principal amount of such Borrowing Tranche and having a borrowing date and a
maturity comparable to such Interest Period (or if there shall at any time, for any reason, no
longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable
replacement rate determined by the Administrative Agent at such time (which determination shall be
conclusive absent manifest error)), by (ii) a number equal to 1.00 minus the Euro-Rate Reserve
Percentage. Such Euro-Rate may also be expressed by the following formula:

			
		Euro-Rate =	 	Relevant Interbank Market offered rate quoted by

Bloomberg or appropriate successor as shown on 

Bloomberg Page BBAM1 

   1.00 = Euro-Rate Reserve Percentage

          The Euro-Rate shall be adjusted with respect to any Loan to which the Euro-Rate Option applies
that is outstanding on the effective date of any change in the Euro-Rate Reserve Percentage as of
such effective date. The Administrative Agent shall give prompt notice to the Company on behalf of
the Borrowers of the Euro-Rate as determined or adjusted in accordance herewith, which
determination shall be conclusive absent manifest error. The Euro-Rate for any Loans shall be
based upon the Euro-Rate for the currency in which such Loans are requested.

          (c) with respect to Optional Currency Loans denominated in Euro comprising any Borrowing
Tranche to which the Euro-Rate Option applies for any Interest Period, the interest rate per annum
determined by Administrative Agent by dividing (i) the rate which appears on the Bloomberg Page
BBAM1 (or on such other substitute Bloomberg page that displays rates at which deposits in Euro are
offered by leading banks in the Relevant Interbank Market) or the rate which is quoted by an
Alternate Source, at approximately 11:00 a.m., Brussels time, two (2) Business Days prior to the
commencement of such Interest Period as the Relevant Interbank Market offered rate for deposits in
Euro for an amount comparable to the

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principal amount of such Borrowing Tranche and having a borrowing date and a maturity
comparable to such Interest Period (or if there shall at any time, for any reason, no longer exist
a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a comparable replacement
rate determined by the Administrative Agent at such time (which determination shall be conclusive
absent manifest error)), by (ii) a number equal to 1.00 minus the Euro-Rate Reserve Percentage.
Such Euro-Rate may also be expressed by the following formula:

			
		Euro-Rate =	 	London interbank offered rate quoted by 

Bloomberg or appropriate successor as shown on

Bloomberg Page BBAM1 

   1.00 = Euro-Rate Reserve Percentage

          The Euro-Rate shall be adjusted with respect to any Loan to which the Euro-Rate Option applies
that is outstanding on the effective date of any change in the Euro-Rate Reserve Percentage as of
such effective date. The Administrative Agent shall give prompt notice to the Company on behalf of
the Borrowers of the Euro-Rate as determined or adjusted in accordance herewith, which
determination shall be conclusive absent manifest error. The Euro-Rate for any Loans shall be
based upon the Euro-Rate for the currency in which such Loans are requested.

          Euro-Rate Option shall mean the option of the Borrowers to have Loans bear interest at
the rate and under the terms and conditions set forth in Section 4.1.1(ii).

          Euro-Rate Reserve Percentage shall mean as of any day the maximum percentage in effect
on such day, (i) as prescribed by the Board of Governors of the Federal Reserve System (or any
successor) for determining the reserve requirements (including supplemental, marginal and emergency
reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency
Liabilities”); and (ii) to be maintained by a Lender as required for reserve liquidity, special
deposit, or similar purpose by any governmental or monetary authority of any country or political
subdivision thereof (including any central bank), against (A) any category of liabilities that
includes deposits by reference to which a Euro-Rate is to be determined, or (B) any category of
extension of credit or other assets that includes Loans or Borrowing Tranches to which a Euro-Rate
applies.

          Event of Default shall mean any of the events described in Section 9.1 [Events of
Default] and referred to therein as an “Event of Default”.

          Excluded Taxes shall mean, with respect to the Administrative Agent, any Lender, the
Issuing Lender or any other recipient of any payment to be made by or on account of any obligation
of any Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction
(or any political subdivision thereof) under the Laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable
lending office is located, (b) any branch profits taxes imposed by the United States of America or
any similar tax imposed by any other jurisdiction in which any Borrower is located and (c) in the
case of a Foreign Lender, any withholding tax that is imposed on amounts payable to such Foreign
Lender at the time such Foreign Lender becomes a party hereto (or designates a new lending office)
or is attributable to such Foreign Lender’s failure or inability (other than as a

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result of a Change in Law) to comply with Section 5.9.5 [Status of Lenders], except to the
extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation
of a new lending office (or assignment), to receive additional amounts from the Borrowers with
respect to such withholding tax pursuant to Section 5.9.1 [Payment Free of Taxes] and (d) in the
case of a Foreign Lender (other than an Assignee pursuant to a request by the Company under Section
5.6.2 [Replacement of a Lender]), any United States federal withholding Taxes resulting from FATCA
(other than as a result of a Change in Law), except to the extent imposed as a result of the
Company not providing to the IRS the required documentation, certifications, or information
prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) or
to the Administrative Agent such documentation, certifications, or information reasonably requested
by the Administrative Agent.

          Executive Order No. 13224 shall mean the Executive Order No. 13224 on Terrorist
Financing, effective September 24, 2001, as the same has been, or shall hereafter be, renewed,
extended, amended or replaced.

          Expiration Date shall mean, with respect to the Revolving Credit Commitments, the
earlier of May 2, 2016 or the date the Revolving Credit Commitments are terminated or accelerated
hereunder.

          FATCA shall mean Sections 1471 through 1474 of the Code or any amendment or successor
to any such Section, or any regulation or official interpretation thereof issued with respect
thereto, so long as such amendment, successor, regulation, or interpretation is substantially
similar to, the reporting or withholding obligations of Sections 1471 through 1474 of the Code as
of the date of this Agreement with respect to payments to foreign entities that have dealings with
United States Person or that are significantly owned by United States Persons.

          Federal Funds Effective Rate for any day shall mean the rate per annum (based on a
year of 360 days and actual days elapsed and rounded upward to the nearest 1/100 of 1%) announced
by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted
average of the rates on overnight federal funds transactions arranged by federal funds brokers on
the previous trading day, as computed and announced by such Federal Reserve Bank (or any successor)
in substantially the same manner as such Federal Reserve Bank computes and announces the weighted
average it refers to as the “Federal Funds Effective Rate” as of the date of this Agreement;
provided, if such Federal Reserve Bank (or its successor) does not announce such rate on
any day, the “Federal Funds Effective Rate” for such day shall be the Federal Funds Effective Rate
for the last day on which such rate was announced.

          Federal Funds Open Rate for any day shall mean the rate per annum (based on a year of
360 days and actual days elapsed) which is the daily federal funds open rate as quoted by ICAP
North America, Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day
opposite the caption “OPEN” (or on such other substitute Bloomberg Screen that displays such rate),
or as set forth on such other recognized electronic source used for the purpose of displaying such
rate as selected by the Administrative Agent (for purposes of this definition, an “Alternate
Source”) (or if such rate for such day does not appear on the Bloomberg Screen BTMM (or any
substitute screen) or on any Alternate Source, or if there shall at any time, for any reason, no
longer exist a Bloomberg Screen BTMM (or any substitute

- 11 -

 

screen) or any Alternate Source, a comparable replacement rate determined by the
Administrative Agent at such time (which determination shall be conclusive absent manifest error);
provided however, that if such day is not a Business Day, the Federal Funds Open Rate for such day
shall be the “open” rate on the immediately preceding Business Day. If and when the Federal Funds
Open Rate changes, the rate of interest with respect to any advance to which the Federal Funds Open
Rate applies] will change automatically without notice to the Borrowers, effective on the date of
any such change.

          Foreign Borrowers shall mean the Borrowers organized under the laws of a jurisdiction
outside the United States of America, any State thereof or the District of Columbia.

          Foreign Guarantors shall mean the Guarantors organized under the laws of a
jurisdiction outside the United States of America, any State thereof or the District of Columbia.

          Foreign Lender shall mean any Lender that is organized under the Laws of a
jurisdiction other than that in which any Borrower is resident for tax purposes. For purposes of
this definition, the United States of America, each State thereof and the District of Columbia
shall be deemed to constitute a single jurisdiction.

          GAAP shall mean generally accepted accounting principles as are in effect from time to
time, subject to the provisions of Section 1.3 [Accounting Principles], and applied on a consistent
basis both as to classification of items and amounts.

          Guarantor shall mean each of the parties to this Agreement which is designated as a
“Guarantor” on the signature page hereof and each other Person which joins this Agreement as a
Guarantor after the date hereof.

          Guarantor Joinder shall mean a joinder by a Person as a Guarantor under the Loan
Documents in the form of Exhibit 1.1(G)(1).

          Guaranty of any Person shall mean any obligation of such Person guaranteeing or in
effect guaranteeing any liability or obligation of any other Person in any manner, whether directly
or indirectly, including any agreement to indemnify or hold harmless any other Person, any
performance bond or other suretyship arrangement and any other form of assurance against loss,
except endorsement of negotiable or other instruments for deposit or collection in the ordinary
course of business.

          Guaranty Agreement shall mean the Continuing Agreement of Guaranty and Suretyship in
substantially the form of Exhibit 1.1(G)(2) executed and delivered by each of the
Guarantors.

          HMRC means HM Revenue & Customs.

          HMRC DT Treaty Passport scheme means the Double Taxation Treaty Passport scheme
launched by HMRC for overseas corporate lenders.

          Increasing Lender shall have the meaning assigned to such term in Section 2.1.1.1(i)
hereof.

- 12 -

 

          Indebtedness shall mean, as to any Person at any time, any and all indebtedness,
obligations or liabilities (whether matured or unmatured, liquidated or unliquidated, direct or
indirect, absolute or contingent, or joint or several) of such Person for or in respect of: (i)
borrowed money, (ii) amounts raised under or liabilities in respect of any note purchase or
acceptance credit facility, (iii) reimbursement obligations (contingent or otherwise) under any
letter of credit agreement, (iv) obligations under any currency swap agreement, interest rate swap,
cap, collar or floor agreement or other interest rate management device calculated in accordance
with GAAP, (v) any other transaction (including forward sale or purchase agreements, capitalized
leases and conditional sales agreements) having the commercial effect of a borrowing of money
entered into by such Person to finance its operations or capital requirements (but not including
trade payables and accrued expenses incurred in the ordinary course of business which are not
represented by a promissory note or other evidence of indebtedness and which are not more than
sixty (60) days past due), or (vi) any Guaranty of Indebtedness for borrowed money.

          Indemnified Taxes shall mean Taxes other than Excluded Taxes.

          Indemnitee shall have the meaning specified in Section 12.3.2 [Indemnification by the
Borrowers].

          Information shall mean all information received from the Loan Parties or any of their
Subsidiaries relating to the Loan Parties or any of such Subsidiaries or any of their respective
businesses, other than any such information that is available to the Administrative Agent, any
Lender or the Issuing Lender on a non-confidential basis prior to disclosure by the Loan Parties or
any of their Subsidiaries, provided that, in the case of information received from the Loan
Parties or any of their Subsidiaries after the date of this Agreement, such information is clearly
identified at the time of delivery as confidential.

          Insolvency Proceeding shall mean, with respect to any Person, (a) a case, action or
proceeding with respect to such Person (i) before any court or any other Official Body under any
bankruptcy, insolvency, reorganization or other similar Law now or hereafter in effect, or (ii) for
the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator
(or similar official) of any Loan Party or otherwise relating to the liquidation, dissolution,
winding-up or relief of such Person, or (b) any general assignment for the benefit of creditors,
composition, marshaling of assets for creditors, or other, similar arrangement in respect of such
Person’s creditors generally or any substantial portion of its creditors; undertaken under any Law.

          Intercompany Subordination agreement shall mean a Subordination Agreement among the
Loan Parties in the form attached hereto as Exhibit 1.1(I).

          Interest Coverage Ratio shall mean the ratio of (i) Consolidated EBITDA less capital
expenditures of the Company and its Subsidiaries to (ii) consolidated interest expense of the
Company and its Subsidiaries, calculated as of the end of each fiscal quarter for the four quarters
then ended.

- 13 -

 

          Interest Period shall mean the period of time selected by the Borrowers in
connection with (and to apply to) any election permitted hereunder by the Borrowers to have
Revolving Credit Loans bear interest under the Euro-Rate Option. Subject to the last sentence of
this definition, such period shall be one Month with respect to Optional Currency Loans and one
week or one, two, three or six Months with respect to all other Revolving Credit Loans. Such
Interest Period shall commence on the effective date of such Interest Rate Option, which shall be
(i) the Borrowing Date if the Borrowers is requesting new Loans, or (ii) the date of renewal of or
conversion to the Euro-Rate Option if the Borrowers are renewing or converting to the Euro-Rate
Option applicable to outstanding Loans. Notwithstanding the second sentence hereof: (A) any
Interest Period which would otherwise end on a date which is not a Business Day shall be extended
to the next succeeding Business Day unless such Business Day falls in the next calendar month, in
which case such Interest Period shall end on the next preceding Business Day, and (B) the Borrowers
shall not select, convert to or renew an Interest Period for any portion of the Loans that would
end after the Expiration Date.

          Interest Rate Hedge shall mean an interest rate exchange, collar, cap, swap,
adjustable strike cap, adjustable strike corridor or similar agreements entered into by the Loan
Parties or their Subsidiaries in order to provide protection to, or minimize the impact upon, the
Borrowers, the Guarantor and/or their Subsidiaries of increasing floating rates of interest
applicable to Indebtedness.

          Interest Rate Option shall mean any Euro-Rate Option or Base Rate Option.

          IRS shall mean the Internal Revenue Service.

          Issuing Lender shall mean PNC, in its individual capacity as issuer of Letters of
Credit hereunder, and any other Lender that Borrowers, Administrative Agent (whose consent shall
not be unreasonably withheld) and such other Lender may agree may from time to time issue Letters
of Credit hereunder.

          Joint Venture shall mean a corporation, partnership, limited liability company or
other entity in which any Person other than the Loan Parties and their Subsidiaries holds, directly
or indirectly, an equity interest.

          Law shall mean any law (including common law), constitution, statute, treaty,
regulation, rule, ordinance, opinion, release, ruling, order, injunction, writ, decree, bond,
judgment, authorization or approval, lien or award by or settlement agreement with any Official
Body.

          Lender Joinder shall mean a joinder by a lender under this Agreement and the other
Loan Documents in substantially the form of Exhibit 1.1(L).

          Lender Provided Interest Rate Hedge shall mean an Interest Rate Hedge which is
provided by any Lender or its Affiliate and with respect to which the Administrative Agent
confirms: (i) is documented in a standard International Swap Dealer Association Agreement, and (ii)
provides for the method of calculating the reimbursable amount of the provider’s credit exposure in
a reasonable and customary manner.

- 14 -

 

          Lenders shall mean the financial institutions named on Schedule 1.1(B) and
their respective successors and assigns as permitted hereunder, each of which is referred to herein
as a Lender. For the purpose of any Loan Document which provides for the granting of a security
interest or other Lien to the Lenders or to the Administrative Agent for the benefit of the Lenders
as security for the Obligations, “Lenders” shall include any Affiliate of a Lender to which such
Obligation is owed.

          Letter of Credit shall have the meaning specified in Section 2.8.1 [Issuance of
Letters of Credit].

          Letter of Credit Borrowing shall have the meaning specified in Section 2.8.3
[Disbursements, Reimbursement].

          Letter of Credit Fee shall have the meaning specified in Section 2.8.2 [Letter of
Credit Fees].

          Letter of Credit Obligation shall mean, as of any date of determination, the aggregate
amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of
Credit shall increase in amount automatically in the future, such aggregate amount available to be
drawn shall currently give effect to any such future increase) plus the aggregate
Reimbursement Obligations and Letter of Credit Borrowings on such date.

          Letter of Credit Sublimit shall have the meaning specified in Section 2.8.1 [Issuance
of Letters of Credit].

          Leverage Ratio shall mean, as of the end of any date of determination, the ratio of
(A) Consolidated Total Net Indebtedness to (B) Consolidated EBITDA (i) for the four fiscal quarters
then ending if such date is a fiscal quarter end or (ii) for the four fiscal quarters most recently
ended if such date is not a fiscal quarter end.

          Lien shall mean any mortgage, deed of trust, pledge, lien, security interest, charge
or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or
involuntarily given, including any conditional sale or title retention arrangement, and any
assignment, deposit arrangement or lease intended as, or having the effect of, security and any
filed financing statement or other notice of any of the foregoing (whether or not a lien or other
encumbrance is created or exists at the time of the filing).

          Loan Documents shall mean this Agreement, the Administrative Agent’s Letter, the
Guaranty Agreement, the Notes, the Intercompany Subordination Agreement, any Borrower Joinder, any
Cash Management Agreements, any documents entered into with respect to a Letter of Credit and any
other instruments, certificates or documents delivered in connection herewith or therewith.

          Loan Parties shall mean the Borrowers and the Guarantors.

          Loan Request shall have the meaning specified in Section 2.4 [Revolving Credit Loan
Requests; Swing Loan Requests].

- 15 -

 

          Loans shall mean collectively and Loan shall mean separately all Revolving
Credit Loans, Swing Loans and the Optional Currency Loans or any Revolving Credit Loan, Swing Loan
or Optional Currency Loan. Letters of Credit shall not be considered Loans hereunder unless
drawings under such Letters of Credit are deemed to be a Revolving Credit Loan pursuant to Section
2.8.3 [Disbursements, Reimbursement] or a Letter of Credit Borrowing pursuant to Section 2.8.3.3,
in which case such Letters of Credit shall be a Loan hereunder.

          Material Adverse Change shall mean any set of circumstances or events which (a) has or
could reasonably be expected to have any material adverse effect whatsoever upon the validity or
enforceability of this Agreement or any other Loan Document, (b) is or could reasonably be expected
to be material and adverse to the business, properties, assets, financial condition, or results of
operations of the Loan Parties taken as a whole, (c) impairs materially or could reasonably be
expected to impair materially the ability of the Loan Parties taken as a whole to duly and
punctually pay or perform any of the Obligations, or (d) impairs materially or could reasonably be
expected to impair materially the ability of the Administrative Agent or any of the Lenders, to the
extent permitted, to enforce their legal remedies pursuant to this Agreement or any other Loan
Document.

          Moody’s shall mean Moody’s Investors Service, Inc. and its successors.

          Month, with respect to an Interest Period under the Euro-Rate Option, shall mean the
interval between the days in consecutive calendar months numerically corresponding to the first day
of such Interest Period. If any Euro-Rate Interest Period begins on a day of a calendar month for
which there is no numerically corresponding day in the month in which such Interest Period is to
end, the final month of such Interest Period shall be deemed to end on the last Business Day of
such final month.

          Multiemployer Plan shall mean any employee benefit plan which is a “multiemployer
plan” within the meaning of Section 4001(a)(3) of ERISA and to which the Borrowers or any member of
the ERISA Group is then making or accruing an obligation to make contributions or, within the
preceding five Plan years, has made or had an obligation to make such contributions.

          New Lender shall have the meaning assigned to such term in Section 2.1.1.1(i) hereof.

          Non-Consenting Lender shall have the meaning specified in Section 12.1 [Modifications,
Amendments or Waivers].

          Notes shall mean, collectively, the promissory notes in the form of Exhibit
1.1(N)(1) evidencing the Revolving Credit Loans and in the form of Exhibit 1.1(N)(2)
evidencing the Swing Loan.

          Obligation shall mean any obligation or liability of any of the Loan Parties,
howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, now or
hereafter existing, or due or to become due, under or in connection with (i) this Agreement, the
Notes, the Letters of Credit, the Administrative Agent’s Letter or any other Loan Document whether
to the Administrative Agent, any of the Lenders or their Affiliates or other persons

- 16 -

 

provided for under such Loan Documents, (ii) any Lender Provided Interest Rate Hedge and (iii)
any Other Lender Provided Financial Service Product.

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

          Optional Currency shall mean the following lawful currencies: Canadian dollars,
British pounds sterling, the Euro, Australian dollars, Mexican peso and any other currency approved
by Administrative Agent and all of the Lenders pursuant to Section 2.9.5 [Requests for Additional
Optional Currencies]. Subject to Section 2.9.4 [European Monetary Union], each Optional Currency
must be the lawful currency of the specified country.

          Optional Currency Loans shall mean have the meaning ascribed to such term in Section
2.1.3 [Optional Currency Sublimit].

          Optional Currency Loan Sublimit shall have the meaning ascribed to such term in
Section 2.1.3 [Optional Currency Sublimit].

          Other Foreign Currency Indebtedness shall have the meaning ascribed to such term in
Section 8.2.1(vi) [Indebtedness].

          Other Lender Provided Financial Service Product shall mean agreements or other
arrangements under which any Lender or Affiliate of a Lender provides any of the following products
or services to any of the Loan Parties: (a) credit cards, (b) credit card processing services, (c)
debit cards, (d) purchase cards, (e) ACH transactions, (f) cash management, including controlled
disbursement, accounts or services, or (g) foreign currency exchange.

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

          Overnight Rate shall mean for any day with respect to any Loans in an Optional
Currency, the rate of interest per annum as determined by the Administrative Agent at which
overnight deposits in such currency, in an amount approximately equal to the amount with respect to
which such rate is being determined, would be offered for such day in the Relevant Interbank
Market.

          Parent shall mean a corporation or other entity owning, directly or indirectly at
least 50% of the shares of stock or other ownership interests having ordinary voting power to elect
a majority of the directors of the Person, or other Persons performing similar functions for any
such Person.

          Participant has the meaning specified in Section 12.8.4 [Participations].

- 17 -

 

          Participating Member State shall mean any member State of the European Communities
that adopts or has adopted the euro as its lawful currency in accordance with legislation of the
European Community relating to Economic and Monetary Union.

          Participation Advance shall have the meaning specified in Section 2.8.3
[Disbursements, Reimbursement].

          Payment Date shall mean the first day of each calendar quarter after the date hereof
and on the Expiration Date or upon acceleration of the Notes.

          Payment In Full shall mean the indefeasible payment in full in cash of the Loans and
other Obligations hereunder, termination of the Commitments and expiration or termination of all
Letters of Credit.

          PBGC shall mean the Pension Benefit Guaranty Corporation established pursuant to
Subtitle A of Title IV of ERISA or any successor.

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

          Permitted Acquisition shall have the meaning ascribed to such term in Section 8.2.6
[Merger, Consolidation, and Acquisition of Assets].

          Permitted Investments shall mean:

          (i) direct obligations of the United States of America or any agency or instrumentality
thereof or obligations backed by the full faith and credit of the United States of America maturing
in twelve (12) months or less from the date of acquisition;

          (ii) commercial paper maturing in 180 days or less rated not lower than A-1, by Standard &
Poor’s or similar rating by a nationally recognized rating agency on the date of acquisition;

          (iii) demand deposits, time deposits, banker’s acceptances or certificates of deposit maturing
within one year in commercial banks whose obligations are rated A-1, A or the equivalent or better
by Standard & Poor’s or similar rating by a nationally recognized rating agency on the date of
acquisition;

          (iv) money market or mutual funds which are rated not lower than AAA by Standard & Poor’s or
similar rating by a nationally recognized rating agency;

          (v) corporate debt obligations issued by a domestic corporation or a domestic bank holding
company whose obligations are rated A-1, A or the equivalent or better by

- 18 -

 

Standard & Poor’s or similar rating by a nationally recognized rating agency on the date of
acquisition;

          (vi) municipal bonds and notes issued by cities, states, or other municipal entities which are
rated not lower than AAA by Standard & Poor’s or similar rating by a nationally recognized rating
agency on the date of acquisition; and

          (vii) investments made under the Cash Management Agreements or under cash management
agreements with any other Lenders.

          Permitted Liens shall mean:

          (i) Liens for taxes, assessments, or other governmental charges not delinquent or being
contested in good faith and by appropriate proceedings and with respect to which proper reserves in
accordance with GAAP have been taken by the Borrowers;

          (ii) Pledges or deposits made in the ordinary course of business to secure payment of
workmen’s compensation, or to participate in any fund in connection with workmen’s compensation,
unemployment insurance, old-age pensions or other social security programs;

          (iii) Liens of mechanics, materialmen, warehousemen, carriers, or other like Liens, securing
obligations incurred in the ordinary course of business that are not yet due and payable and Liens
of landlords securing obligations to pay lease payments that are not yet due and payable or in
default;

          (iv) Good-faith pledges or deposits made in the ordinary course of business to secure
performance of bids, tenders, contracts (other than for the repayment of borrowed money) or leases,
not in excess of the aggregate amount due thereunder, or to secure statutory obligations, or
surety, appeal, indemnity, performance or other similar bonds required in the ordinary course of
business;

          (v) Encumbrances consisting of zoning restrictions, easements or other restrictions on the use
of real property, none of which materially impairs the use of such property or the value thereof,
and none of which is violated in any material respect by existing or proposed structures or land
use;

          (vi) Liens, security interests and mortgages in favor of the Administrative Agent for the
benefit of the Lenders and their Affiliates securing the Obligations (including Lender Provided
Interest Rate Hedges and Other Lender Provided Financial Services Obligations);

          (vii) Any Lien existing on the date of this Agreement and described on Schedule
1.1(P), provided that the principal amount secured thereby is not hereafter increased,
and no additional assets become subject to such Lien;

          (viii) Subject to the restrictions set forth in Section 8.2.2(ii), Purchase Money Security
Interests, capitalized leases and Liens securing other secured Indebtedness permitted

- 19 -

 

under Section 8.2.1(iii) [Indebtedness] (excluding for the purpose of this computation any
loans or deferred payments secured by Liens described on Schedule 1.1(P));

          (ix) Liens securing Other Foreign Currency Indebtedness as and to the extent permitted under
Section 8.2.1(vi) [Indebtedness];

          (x) The following, (A) if the validity or amount thereof is being contested in good faith by
appropriate and lawful proceedings diligently conducted so long as levy and execution thereon have
been stayed and continue to be stayed or (B) if a final judgment is entered and such judgment is
discharged within thirty (30) days of entry, and in either case they do not, in the aggregate,
materially impair the ability of any Loan Party to perform its Obligations hereunder or under the
other Loan Documents:

          (1) Claims or Liens for taxes, assessments or charges due and payable and subject to interest
or penalty; provided that the applicable Loan Party maintains such reserves or other
appropriate provisions as shall be required by GAAP and pays all such taxes, assessments or charges
forthwith upon the commencement of proceedings to foreclose any such Lien;

          (2) Claims, Liens or encumbrances upon, and defects of title to, real or personal property,
including any attachment of personal or real property or other legal process prior to adjudication
of a dispute on the merits;

          (3) Claims or Liens of mechanics, materialmen, warehousemen, carriers, or other statutory
nonconsensual Liens; or

          (4) Liens resulting from final judgments or orders described in Section 9.1.6 [Final Judgments
or Orders].

          Person shall mean any individual, corporation, partnership, limited liability company,
association, joint-stock company, trust, unincorporated organization, joint venture, government or
political subdivision or agency thereof, or any other entity.

          Plan shall mean at any time an employee pension benefit plan (including a Multiple
Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to
the minimum funding standards under Section 412 of the Code and either (i) is maintained by any
member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time
within the preceding five years been maintained by any entity which was at such time a member of
the ERISA Group for employees of any entity which was at such time a member of the ERISA Group.

          PNC shall mean PNC Bank, National Association, its successors and assigns.

          Portec Acquisition shall mean the acquisition of ownership interests of Portec
pursuant to the Portec Acquisition Agreement.

          Portec Acquisition Agreement shall mean that certain Agreement and Plan of Merger
dated February 16, 2010, as amended, among Portec, the Company and Foster Thomas Company.

- 20 -

 

          Portec Rail shall mean Portec Rail Products, Inc., a West Virginia corporation.

          Potential Default shall mean any event or condition which with notice or passage of
time, or both, would constitute an Event of Default.

          Prime Rate shall mean the interest rate per annum announced from time to time by the
Administrative Agent at its Principal Office as its then prime rate, which rate may not be the
lowest or most favorable rate then being charged commercial borrowers or others by the
Administrative Agent. Any change in the Prime Rate shall take effect at the opening of business on
the day such change is announced.

          Principal Office shall mean the main banking office of the Administrative Agent in
Pittsburgh, Pennsylvania.

          Published Rate shall mean the rate of interest published each Business Day in The Wall
Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for
a one month period (or, if no such rate is published therein for any reason, then the Published
Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London
interbank deposit market for a one month period as published in another publication selected by the
Administrative Agent).

          Purchase Money Security Interest shall mean Liens upon tangible personal property
securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan
Party or Subsidiary for the purchase of such tangible personal property.

          Ratable Share shall mean the proportion that a Lender’s Commitment (excluding the
Swing Loan Commitment) bears to the Commitments (excluding the Swing Loan Commitment) of all of the
Lenders, provided that in the case of Section 2.10 [Defaulting Lenders] when a Defaulting
Lender shall exist, “Ratable Share” shall mean the percentage of the aggregate Commitments
(disregarding any Defaulting Lender’s Commitment) represented by such Lender’s Commitment. If the
Commitments have terminated or expired, the Ratable Share shall be determined based upon the
Commitments (excluding the Swing Loan Commitment) most recently in effect, giving effect to any
assignments.

          Reference Currency shall have the meaning specified in the definition of Equivalent
Amount.

          Reimbursement Obligation shall have the meaning specified in Section 2.8.3
[Disbursements, Reimbursement].

          Related Parties shall mean, 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.

          Relevant Interbank Market shall mean in relation to Euro, the European Interbank
Market, and, in relation to any other currency, the London interbank market.

- 21 -

 

          Relief Proceeding shall mean any proceeding seeking a decree or order for relief in
respect of any Loan Party or Subsidiary of a Loan Party in a voluntary or involuntary case under
any applicable bankruptcy, insolvency, reorganization or other similar law now or hereafter in
effect, or for the appointment of a receiver, liquidator, assignee, custodian, trustee,
sequestrator, conservator (or similar official) of any Loan Party or Subsidiary of a Loan Party for
any substantial part of its property, or for the winding-up or liquidation of its affairs, or an
assignment for the benefit of its creditors.

          Required Lenders shall mean Lenders (other than any Defaulting Lender) having more
than 50% of the sum of the aggregate amount of the Revolving Credit Commitments of the Lenders
(excluding any Defaulting Lender) or, after the termination of the Revolving Credit Commitments,
the outstanding Revolving Credit Loans and Ratable Share of Letter of Credit Obligations of the
Lenders (excluding any Defaulting Lender); provided that if the Revolving Credit Commitments are
increased pursuant to Section 2.1.1.1 [Discretionary Increase in Revolving Credit Commitments]
hereof, then Required Lenders shall mean (A) if there exists fewer than three (3) Lenders, all
Lenders (other than any Defaulting Lender), and (B) if there exists three (3) or more Lenders, then
at least three (3) Lenders (other than any Defaulting Lender) having more than 50% of the sum of
the aggregate amount of the Revolving Credit Commitments of the Lenders (excluding any Defaulting
Lender) or, after the termination of the Revolving Credit Commitments, the outstanding Revolving
Credit Loans and Ratable Share of Letter of Credit Obligations of the Lenders (excluding any
Defaulting Lender).

          Required Share shall have the meaning assigned to such term in Section 5.11
[Settlement Date Procedures].

          Revolving Credit Commitment shall mean, as to any Lender at any time, the amount
initially set forth opposite its name on Schedule 1.1(B) in the column labeled “Amount of
Commitment for Revolving Credit Loans”, as such Commitment is thereafter assigned or modified and
Revolving Credit Commitments shall mean the aggregate Revolving Credit Commitments of all
of the Lenders.

          Revolving Credit Loans shall mean collectively and Revolving Credit Loan shall
mean separately all Revolving Credit Loans or any Revolving Credit Loan made by the Lenders or one
of the Lenders to the Borrowers pursuant to Section 2.1 [Revolving Credit Commitments] or 2.8.3
[Disbursements, Reimbursement].

          Revolving Facility Usage shall mean at any time the sum of the outstanding Revolving
Credit Loans, the outstanding Swing Loans, the outstanding Optional Currency Loans and the Letter
of Credit Obligations.

          Senior Officer shall mean the Chief Executive Officer, President, Chief or Deputy
Chief Financial Officer, Treasurer or Assistant Treasurer of such Loan Party.

          Settlement Date shall mean the Business Day on which the Administrative Agent elects
to effect settlement pursuant Section 5.11 [Settlement Date Procedures].

          Solvent shall mean, with respect to any Person on any date of determination, taking
into account such right of reimbursement, contribution or similar right available to such

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Person from other Persons, that on such date (i) the fair value of the property of such Person
is greater than the total amount of liabilities, including, without limitation, contingent
liabilities, of such Person, (ii) the present fair saleable value of the assets of such Person is
not less than the amount that will be required to pay the probable liability of such Person on its
debts as they become absolute and matured, (iii) such Person is able to realize upon its assets and
pay its debts and other liabilities, contingent obligations and other commitments as they mature in
the normal course of business, (iv) such Person does not intend to, and does not believe that it
will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities
mature, and (v) such Person is not engaged in business or a transaction, and is not about to engage
in business or a transaction, for which such Person’s property would constitute unreasonably small
capital after giving due consideration to the prevailing practice in the industry in which such
Person is engaged. In computing the amount of contingent liabilities at any time, it is intended
that such liabilities will be computed at the amount which, in light of all the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to
become an actual or matured liability.

          Standard & Poor’s shall mean Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. and its successors

          Statements shall have the meaning specified in Section 6.1.6(i) [Historical
Statements].

          Subsidiary of any Person at any time shall mean any corporation, trust, partnership,
any limited liability company or other business entity (i) of which more than 50% of the
outstanding voting securities or other interests normally entitled to vote for the election of one
or more directors or trustees (regardless of any contingency which does or may suspend or dilute
the voting rights) is at such time owned directly or indirectly by such Person or one or more of
such Person’s Subsidiaries, or (ii) which is controlled or capable of being controlled by such
Person or one or more of such Person’s Subsidiaries.

          Subsidiary Equity Interests shall have the meaning specified in Section 6.1.2
[Subsidiaries and Owners; Investment Companies].

          Swing Loan Commitment shall mean PNC’s commitment to make Swing Loans to the Borrowers
pursuant to Section 2.1.2 [Swing Loan Commitment] hereof in an aggregate principal amount up to
$15,000,000.

          Swing Loan Lender shall mean PNC, in its capacity as Lender of Swing Loans pursuant to
the Swing Loan Commitment.

          Swing Loan Note shall mean the Swing Loan Note of the Borrowers in the form of
Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions,
renewals, replacements, refinancings or refundings thereof in whole or in part.

          Swing Loan Request shall mean a request for Swing Loans made in accordance with
Section 2.4.2 [Swing Loan Requests] hereof.

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          Swing Loans shall mean collectively and Swing Loan shall mean separately all
Swing Loans or any Swing Loan made by PNC to the Borrowers pursuant to Section 2.1.2 [Swing Loan
Commitment] hereof.

          Taxes shall mean all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Official Body, including any
interest, additions to tax or penalties applicable thereto.

          Unpaid Drawing shall mean, with respect to any Letter of Credit, the aggregate Dollar
Equivalent Amount of the draws made on such Letter of Credit that have not been reimbursed by the
Borrowers.

          USA PATRIOT Act shall mean the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56, as
the same has been, or shall hereafter be, renewed, extended, amended or replaced.

     1.2 Construction. Unless the context of this Agreement otherwise clearly requires, the
following rules of construction shall apply to this Agreement and each of the other Loan Documents:
(i) references to the plural include the singular, the plural, the part and the whole and the words
“include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”; (ii) the words “hereof “herein “hereunder “hereto” and similar terms in this Agreement
or any other Loan Document refer to this Agreement or such other Loan Document as a whole; (iii)
article, section, subsection, clause, schedule and exhibit references are to this Agreement or
other Loan Document, as the case may be, unless otherwise specified; (iv) reference to any Person
includes such Person’s successors and assigns; (v) reference to any agreement, including this
Agreement and any other Loan Document together with the schedules and exhibits hereto or thereto,
document or instrument means such agreement, document or instrument as amended, modified, replaced,
substituted for, superseded or restated; (vi) relative to the determination of any period of time,
“from” means “from and including “to” means “to but excluding and “through” means “through and
including”; (vii) the words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights, (viii) section headings herein and in each other Loan
Document are included for convenience and shall not affect the interpretation of this Agreement or
such Loan Document, and (ix) unless otherwise specified, all references herein to times of day
shall be references to Eastern Time. All certificates and other required submissions made by
specified officers of any Loan Party shall be deemed for all purposes as made by such person solely
in such person’s capacity as such officer.

     1.3 Accounting Principles; Changes in GAAP. Except as otherwise provided in this
Agreement, all computations and determinations as to accounting or financial matters and all
financial statements to be delivered pursuant to this Agreement shall be made and prepared in
accordance with GAAP (including principles of consolidation where appropriate). All accounting or
financial terms shall have the meanings ascribed to such terms by GAAP; provided, however, that all accounting terms used
in Section 8.2 [Negative Covenants] (and all defined terms used in the definition of any accounting
term used in Section 8.2 shall have the meaning given to such terms (and defined terms) under GAAP
as in effect on the date hereof

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applied on a basis consistent with those used in preparing
Statements referred to in Section 6.1.6(i) [Historical Statements]. Notwithstanding the foregoing,
if the Company notifies the Administrative Agent in writing that the Borrowers wish to amend any
financial covenant in Section 8.2 of this Agreement, any related definition and/or the definition
of the term Leverage Ratio for purposes of interest, Letter of Credit Fee and Commitment Fee
determinations to eliminate the effect of any change in GAAP occurring after the Closing Date on
the operation of such financial covenants and/or interest, Letter of Credit Fee or Commitment Fee
determinations (or if the Administrative Agent notifies the Company, on behalf of the Borrowers, in
writing that the Required Lenders wish to amend any financial covenant in Section 8.2, any related
definition and/or the definition of the term Leverage Ratio for purposes of interest, Letter of
Credit Fee and Commitment Fee determinations to eliminate the effect of any such change in GAAP),
then the Administrative Agent, the Lenders and the Company, on behalf of the Borrowers, shall
negotiate in good faith to amend such ratios or requirements to preserve the original intent
thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided
that, until so amended, the Loan Parties’ compliance with such covenants and/or the definition of
the term Leverage Ratio for purposes of interest, Letter of Credit Fee and Commitment Fee
determinations shall be determined on the basis of GAAP in effect immediately before the relevant
change in GAAP became effective, until either such notice is withdrawn or such covenants or
definitions are amended in a manner satisfactory to the Borrowers and the Required Lenders, and the
Loan Parties shall provide to the Administrative Agent, when they delivers their financial
statements pursuant to Section 8.3.1 [Quarterly Financial Statements] and 8.3.2 [Annual Financial
Statements] of this Agreement, such reconciliation statements as shall be reasonably requested by
the Administrative Agent.

           2. REVOLVING CREDIT AND SWING LOAN FACILITIES

     2.1 Revolving Credit Commitments.

          2.1.1 Revolving Credit Loans. Subject to the terms and conditions hereof and relying upon
the representations and warranties herein set forth, each Lender severally agrees to make Revolving
Credit Loans in either Dollars or one or more Optional Currencies to the Borrowers at any time or
from time to time on or after the date hereof to the Expiration Date; provided that after giving
effect to each such Loan (i) the aggregate Dollar Equivalent amount of Revolving Credit Loans from
such Lender shall not exceed such Lender’s Revolving Credit Commitment minus such Lender’s Ratable
Share of the Dollar Equivalent amount of Letter of Credit Obligations and the outstanding Swing
Loans, (ii) the aggregate Dollar Equivalent amount of Revolving Facility Usage shall not exceed the
aggregate Revolving Credit Commitments of the Lenders, (iii) no Revolving Credit Loan to which the
Base Rate Option applies shall be made in an Optional Currency and (iv) the aggregate Dollar
Equivalent amount of Revolving Credit Loans made to Foreign Borrowers shall not exceed the Optional
Currency Loan Sublimit. Within such limits of time and amount and subject to the other provisions
of this Agreement, the Borrowers may borrow, repay and reborrow pursuant to this Section 2.1.

               2.1.1.1 Discretionary Increase in Revolving Credit Commitments.

               (i) Increasing Lenders and New Lenders. The Borrowers may, at any time, but not more
than two (2) times, prior to the Expiration Date, request that (1) the current

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Lenders increase their Revolving Credit Commitments (any current Lender which elects to increase its Revolving
Credit Commitment shall be referred to as an “Increasing Lender”), or (2) one or more new lenders
(each a “New Lender”) join this Agreement and provide a Revolving Credit Commitment hereunder,
subject to the following terms and conditions:

                    (a) No Obligation to Increase. No current Lender shall be obligated to increase its
Revolving Credit Commitment and any increase in the Revolving Credit Commitment by any current
Lender shall be in the sole discretion of such current Lender;

                    (b) Defaults. There shall exist no Event of Default or, unless consented to by the
Required Lenders, Potential Default on the date of such request and/or the effective date of such
increase, either before or after giving effect to such increase;

                    (c) Aggregate Revolving Credit Commitments. After giving effect to such increase, the
total Revolving Credit Commitments shall not exceed the lesser of (i) $175,000,000 or (ii) the sum
of (A) the total Revolving Credit Commitments as in effect on the date of such request prior to
giving effect to any requested increase, plus (B) $50,000,000 minus the amount of any prior
increase to the Revolving Credit Commitments under this Section 2.1.1.1;

                    (d) Resolutions; Opinion. The Loan Parties shall deliver to the Administrative Agent
on or before the effective date of such increase the following documents in a form reasonably
acceptable to the Administrative Agent: (1) certifications of their corporate secretaries (or
foreign jurisdiction equivalent) with attached resolutions certifying that the increase in the
Revolving Credit Commitment has been approved by such Loan Parties, and (2) opinions of domestic
and foreign counsel (as applicable) in form satisfactory to the Administrative Agent, addressed to
the Administrative Agent and the Lenders addressing the authorization and execution of the Loan
Documents by, and enforceability of the Loan Documents against, the Loan Parties;

                    (e) Notes. The Borrowers shall execute and deliver (1) to each Increasing Lender that
shall so request a replacement revolving credit Note reflecting the new amount of such Increasing
Lender’s Revolving Credit Commitment after giving effect to the increase (and the prior Note issued
to such Increasing Lender shall be deemed to be terminated) and (2) to each New Lender a revolving
credit Note reflecting the amount of such New Lender’s Revolving Credit Commitment; provided that
such replacement Note shall not be intended to constitute and shall not constitute a novation or
satisfaction of the obligations represented by the prior Note.

                    (f) Approval of New Lenders. Any New Lender shall be subject to the approval of the
Administrative Agent (which approval shall not be unreasonably withheld) and the Company (which
approval shall not be unreasonably withheld) and shall not be
(1) a Borrower or any of the Borrowers’ Subsidiaries or Affiliates or (2) a natural person.
The Revolving Credit Commitment of any New Lender shall not be less than $10,000,000.

                    (g) Increasing Lenders. Each Increasing Lender shall confirm its agreement to
increase its Revolving Credit Commitment pursuant to an acknowledgement in a

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form acceptable to the Administrative Agent, signed by it and the Borrowers and delivered to the Administrative Agent at
least five (5) days before the effective date of such increase.

                    (h) New Lenders—Joinder. Each New Lender shall execute a Lender Joinder in
substantially the form of Exhibit 1.1(L) pursuant to which such New Lender shall join and
become a party to this Agreement and the other Loan Documents with a Revolving Credit Commitment in
the amount set forth in such Lender Joinder.

               (ii) Treatment of Outstanding Loans and Letters of Credit.

                    (a) Repayment of Outstanding Revolving Credit Loans; Borrowing of New Revolving Credit
Loans. On the effective date of such increase, at the request of the Administrative Agent, the
Borrowers shall repay all Revolving Credit Loans then outstanding, subject to the Loan Parties’
indemnity obligations under Section 5.10 [Indemnity]; provided that they may borrow new
Revolving Credit Loans with a Borrowing Date on such date. Each of the Lenders shall participate
in any new Revolving Credit Loans made on or after such date in accordance with their respective
Ratable Shares after giving effect to the increase in Revolving Credit Commitments contemplated by
this Section 2.1.1.1.

                    (b) Outstanding Letters of Credit. On the effective date of such increase, each
Increasing Lender and each New Lender (i) will be deemed to have purchased a participation in each
then outstanding Letter of Credit equal to its Ratable Share of such Letter of Credit and the
participation of each other Lender in such Letter of Credit shall be adjusted accordingly and (ii)
will acquire (and will pay to the Administrative Agent, for the account of each Lender, in
immediately available funds, an amount equal to) its Ratable Share of all outstanding Participation
Advances.

               2.1.1.2 Optional Reductions. The Company shall have the right to terminate or reduce the
Commitments at any time or from time to time, provided that: (i) the Company shall give notice of
each such termination or reduction to the Administrative Agent at least three (3) Business Days
prior to the relevant termination or reduction (which notice of termination or reduction shall
specify the amount of the Commitments to be terminated or reduced); (ii) each partial reduction
shall be in an aggregate amount equal to $10,000,000 or any greater multiple of $5,000,000 and
(iii) no such reduction shall be permitted unless and until, in connection therewith, any mandatory
prepayments required under Section 5.7 [Mandatory Prepayments] have been made. Any notice to
reduce the Revolving Credit Commitments under this Section 2.1.1.2 shall be irrevocable. Once
terminated or reduced, the Commitments may not be reinstated.

          2.1.2 Swing Loan Commitment. Subject to the terms and conditions hereof and relying upon the representations and warranties
herein set forth, and in order to facilitate loans and repayments between Settlement Dates, PNC
may, at its option, cancelable at any time for any reason whatsoever, make swing loans in Dollars
(the “Swing Loans”) to the Borrowers at any time or from time to time after the date hereof to, but
not including, the Expiration Date, in an aggregate principal amount up to but not in excess of
$15,000,000 (the “Swing Loan Commitment”), provided that after giving effect to each such Loan, the
Revolving Facility Usage shall not exceed the Revolving Credit Commitments; and provided further
that a Swing

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Loan shall not be made if the proceeds thereof would be used to repay, in whole or in
part, any outstanding Swing Loan. Within such limits of time and amount and subject to the other
provisions of this Agreement, the Borrowers may borrow, repay and reborrow pursuant to this Section
2.1.1.1.

          2.1.3 Optional Currency Sublimit. Subject to the terms and conditions hereof and relying
upon the representations and warranties herein set forth, PNC or any other Lender may, at its
option, cancelable at any time for any reason whatsoever, make Revolving Credit Loans in an
Optional Currency (the “Optional Currency Loans”) to the Borrowers at any time or from time to time
after the date hereof to, but not including, the Expiration Date, in an aggregate principal Dollar
Equivalent amount not to exceed $15,000,000 (the “Optional Currency Loan Sublimit”), provided that
after giving effect to each such Loan (a) the sum of the Revolving Facility Usage plus any
outstanding Other Foreign Currency Indebtedness incurred pursuant to Section 8.2.1(vi)
[Indebtedness] hereof, shall not exceed the Revolving Credit Commitments, and (b) the sum of all
Optional Currency Loans plus any outstanding Other Foreign Currency Indebtedness incurred pursuant
to Section 8.2.1(vi) [Indebtedness] hereof, shall not exceed the Optional Currency Loan Sublimit.
Within such limits of time and amount and subject to the other provisions of this Agreement, the
Borrowers may borrow, repay and reborrow pursuant to this Section 2.1.3.

     2.2 Nature of Lenders’ Obligations with Respect to Revolving Credit Loans. Each Lender
shall be obligated to participate in each request for Revolving Credit Loans pursuant to Section
2.4 [Revolving Credit Loan Requests; Swing Loan Requests] in accordance with its Ratable Share.
The aggregate Dollar Equivalent of each Lender’s Revolving Credit Loans outstanding hereunder to
the Borrowers at any time shall never exceed its Revolving Credit Commitment minus its Ratable
Share of the outstanding Swing Loans, the outstanding Optional Currency Loans and Letter of Credit
Obligations. The obligations of each Lender hereunder are several. The failure of any Lender to
perform its obligations hereunder shall not affect the Obligations of the Borrowers to any other
party nor shall any other party be liable for the failure of such Lender to perform its obligations
hereunder. The Lenders shall have no obligation to make Revolving Credit Loans hereunder on or
after the Expiration Date.

     2.3 Commitment Fees. Accruing from the date hereof until the Expiration Date, the
Borrowers agree to pay to the Administrative Agent for the account of each Lender according to its
Ratable Share, a nonrefundable commitment fee (the “Commitment Fee”) equal to the Applicable
Commitment Fee Rate (computed on the basis of a year of 365 or 366 days, as the case may be, and
actual
days elapsed) multiplied by the average daily difference between the amount of (i) such Lender’s
Revolving Credit Commitment (for purposes of this computation, PNC’s Swing Loans shall be deemed to
be borrowed amounts under its Revolving Credit Commitment) and (ii) the Revolving Facility Usage;
provided, however, that any Commitment Fee accrued with respect to the Revolving
Credit Commitment of a Defaulting Lender during the period prior to the time such Lender became a
Defaulting Lender and unpaid at such time shall not be payable by the Borrowers so long as such
Lender shall be a Defaulting Lender except to the extent that such Commitment Fee shall otherwise
have been due and payable by the Borrowers prior to such time; and provided further
that no Commitment Fee shall accrue with respect to the Revolving Commitment of a Defaulting Lender
so long as such Lender shall be a

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Defaulting Lender. Subject to the proviso in the directly
preceding sentence, all Commitment Fees shall be payable in arrears on each Payment Date.

     2.4 Revolving Credit Loan Requests; Swing Loan Requests.

          2.4.1 Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower
Agent, on behalf of itself or a Borrower identified in the Loan Request (as hereinafter defined),
may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit
Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans
pursuant to Section 4.2 [Interest Periods], by delivering to the Administrative Agent, (i) not
later than 1:00 p.m., three (3) Business Days prior to the proposed Borrowing Date with respect to
the making of Revolving Credit Loans in Dollars to which the Euro-Rate Option applies or the
conversion to or the renewal of the Euro-Rate Option for any Loans in Dollars; (ii) not later than
1:00 p.m., four (4) Business Days prior to the proposed Borrowing Date with respect to the making
of Optional Currency Loans or the date of conversion to or renewal of the Euro-Rate Option for
Optional Currency Loans; and (iii) not later than 11:00 a.m., the same Business Day of the proposed
Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option
applies or the last day of the preceding Interest Period with respect to the conversion to the Base
Rate Option for any Loan, of a duly completed request therefor substantially in the form of
Exhibit 2.4.1 or a request by telephone immediately confirmed in writing by letter,
facsimile or telex in such form (each, a “Loan Request”), it being understood that the
Administrative Agent may rely on the authority of any individual making such a telephonic request
without the necessity of receipt of such written confirmation. Each Loan Request shall be
irrevocable and shall specify (i) the aggregate amount of the proposed Loans (expressed in the
currency in which such Loans shall be funded) comprising each Borrowing Tranche, and, if
applicable, the Interest Period, which amount shall be in (x) integral multiples of $250,000 (or
the Dollar Equivalent thereof) and not less than $1,000,000 (or the Dollar Equivalent thereof) for
each Borrowing Tranche under the Euro-Rate Option, and (y) integral multiples of $100,000 and not
less than $500,000 for each Borrowing Tranche under the Base Rate Option; (ii) whether the
Euro-Rate Option or Base Rate Option shall apply to the proposed Revolving Credit Loans comprising
the applicable Borrowing Tranche; (iii) the currency in which such Loans shall be funded if the
Borrowers are electing the Euro-Rate Option; (iv) in the case of a Borrowing Tranche to which the
Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing
Tranche; and (v) which Borrower is requesting the Revolving Credit Loan. No Loan
made in an Optional Currency may be converted into a Base Rate Loan, a Euro-Rate Loan or a Loan
denominated in a different Optional Currency.

          2.4.2 Swing Loan Requests. Except as otherwise provided herein, the Borrower Agent, on
behalf of itself or a Borrower identified in the Swing Loan Request (as hereinafter defined), may
from time to time prior to the Expiration Date request PNC to make Swing Loans in Dollars by
delivery to PNC not later than 2:00 p.m. on the proposed Borrowing Date of a duly completed request
therefor substantially in the form of Exhibit 2.4.2 hereto or a request by telephone
immediately confirmed in writing by letter, facsimile or telex (each, a “Swing Loan Request”), it
being understood that PNC may rely on the authority of any individual making such a telephonic
request without the necessity of receipt of such written confirmation. Each

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Swing Loan Request
shall be irrevocable and shall specify the proposed Borrowing Date and the principal amount of such
Swing Loan, which shall be not less than $100,000.

     2.5 Making Revolving Credit Loans and Swing Loans; Presumptions by the Administrative
Agent; Repayment of Revolving Credit Loans; Borrowings to Repay Swing Loans.

          2.5.1 Making Revolving Credit Loans. The Administrative Agent shall, promptly after
receipt by it of a Loan Request pursuant to Section 2.4 [Revolving Credit Loan Requests; Swing Loan
Requests], notify the Lenders of its receipt of such Loan Request specifying the information
provided by the Borrowers, including the currency in which the Revolving Credit Loan is requested
and the apportionment among the Lenders of the requested Revolving Credit Loans as determined by
the Administrative Agent in accordance with Section 2.2 [Nature of Lenders’ Obligations with
Respect to Revolving Credit Loans]. Each Lender shall remit the principal amount of each Revolving
Credit Loan in the requested Optional Currency (or in Dollars if so requested by the Administrative
Agent) to the Administrative Agent such that the Administrative Agent is able to, and the
Administrative Agent shall, to the extent the Lenders have made funds available to it for such
purpose and subject to Section 7.2 [Each Loan or Letter of Credit], fund such Revolving Credit
Loans to the Borrowers in immediately available funds in Dollars or the requested Optional Currency
(as applicable) at the Principal Office prior to 2:00 p.m., on the applicable Borrowing Date;
provided that if any Lender fails to remit such funds to the Administrative Agent (or fails
to remit such funds in the applicable Optional Currency) in a timely manner, the Administrative
Agent may elect in its sole discretion to fund with its own funds, including funds in the requested
Optional Currency, the Revolving Credit Loans of such Lender on such Borrowing Date, and such
Lender shall be subject to the repayment obligation in Section 2.5.2 [Presumptions by the
Administrative Agent].

          2.5.2 Presumptions by the Administrative Agent. Unless the Administrative Agent shall have
received notice from a Lender prior to the proposed date of any Loan that such Lender will not make
available to the Administrative Agent such Lender’s share of such Loan, the Administrative Agent
may assume that such Lender has made such share available on such date in accordance with Section 2.5.1 [Making Revolving Credit Loans]
and may, in reliance upon such assumption, make available to the Borrowers a corresponding amount.
In such event, if a Lender has not in fact made its share of the applicable Loan available to the
Administrative Agent, then the applicable Lender and the Borrowers severally agree to pay to the
Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each
day from and including the date such amount is made available to the Borrowers to but excluding the
date of payment to the Administrative Agent, at (i) in the case of a payment to be made by such
Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation and (ii) in the case of a
payment to be made by the Borrowers, the interest rate applicable to Loans under the Base Rate
Option. If such Lender pays its share of the applicable Loan to the Administrative Agent, then the
amount so paid shall constitute such Lender’s Loan. Any payment by the Borrowers shall be without
prejudice to any claim the Borrowers may have against a Lender that shall have failed to make such
payment to the Administrative Agent.

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          2.5.3 Making Swing Loans. So long as PNC elects to make Swing Loans, PNC shall, after
receipt by it of a Swing Loan Request pursuant to Section 2.4.2 [Swing Loan Requests] fund such
Swing Loan to the Borrowers in U.S. Dollars in immediately available funds at the Principal Office
prior to 4:00 o’clock p.m. on the Borrowing Date.

          2.5.4 Repayment of Revolving Credit Loans. Subject to the limitations set forth in Section
12.14.2 and to the extent not previously paid, the Borrowers, jointly and severally, shall repay in
full the outstanding principal amount of the Revolving Credit Loans together with all outstanding
interest thereon and all fees and other amounts owing under any of the Loan Documents relating
thereto on the Expiration Date or upon the earlier termination of the Revolving Credit Commitments
in connection with the terms of this Agreement.

          2.5.5 Borrowings to Repay Swing Loans. PNC may, at its option, exercisable at any time for
any reason whatsoever, demand repayment of the Swing Loans, and each Lender shall make a Revolving
Credit Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal amount of
the outstanding Swing Loans, plus, if PNC so requests, accrued interest thereon, provided
that no Lender shall be obligated in any event to make Revolving Credit Loans in excess of its
Revolving Credit Commitment minus its Ratable Share of Letter of Credit Obligations (to the extent
applicable, calculated in Dollar Equivalents). Revolving Credit Loans made pursuant to the
preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been
properly requested in accordance with Section 2.4.1 [Revolving Credit Loan Requests] without regard
to any of the requirements of that provision. PNC shall provide notice to the Lenders (which may
be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are
to be made under this Section 2.5.5 and of the apportionment among the Lenders, and the Lenders
shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the
conditions specified in Section 2.4.1 [Revolving Credit Loan Requests] are then satisfied) by the
time PNC so requests, which shall not be earlier than 3:00 p.m. on the Business Day next after the
date the Lenders receive such notice from PNC.

          2.5.6 Swing Loans Under Cash Management Agreements. In addition to making Swing Loans
pursuant to the foregoing provisions of Section 2.5.3 [Making Swing Loans], without the requirement
for a specific request from the Borrowers pursuant to Section 2.5.2 [Swing Loan Requests], PNC, as
the Swing Loan Lender, may make Swing Loans to the Borrowers in accordance with the provisions of
the agreements between the Company and such Swing Loan Lender relating to the Company’s deposit,
sweep and other accounts at such Swing Loan Lender and related arrangements and agreements
regarding the management and investment of the Company’s cash assets as in effect from time to time
(the “Cash Management Agreements”) to the extent of the daily aggregate net negative balance in the
Company’s accounts which are subject to the provisions of the Cash Management Agreements. Swing
Loans made pursuant to this Section 2.5.6 in accordance with the provisions of the Cash Management
Agreements shall (i) be subject to the limitations as to aggregate amount set forth in Section
2.1.1.1 [Swing Loan Commitment], (ii) not be subject to the limitations as to individual amount set
forth in Section 2.4.2 [Swing Loan Requests], (iii) be payable by the Borrowers, both as to
principal and interest, at the rates and times set forth in the Cash Management Agreements (but in
no event later than the Expiration Date), (iv) not be made at any time after such Swing Loan Lender
has received written notice of the occurrence of an Event

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of Default and so long as such shall
continue to exist, or, unless consented to by the Required Lenders, a Potential Default and so long
as such shall continue to exist, (v) if not repaid by the Borrowers in accordance with the
provisions of the Cash Management Agreements, be subject to each Lender’s obligation pursuant to
Section 2.5.5 [Borrowings to Repay Swing Loans], and (vi) except as provided in the foregoing
subsections (i) through (v), be subject to all of the terms and conditions of this Section 2. The
Borrowers acknowledge and agree that each Borrower materially benefits from the arrangements made
pursuant to Section 2.5.6 and the Cash Management Agreements, and each Borrower shall be jointly
and severally liable, subject to Section 12.14 [Foreign Borrowers and Foreign Guarantors], for all
Obligations, including without limitation, those arising from the operation of this Section.

     2.6 Notes. The Obligation of the Borrowers to repay the aggregate unpaid principal amount
of the Revolving Credit Loans, Swing Loans and Optional Currency Loans made to it by each Lender,
together with interest thereon, shall be evidenced by a revolving credit Note and a swing Note,
dated the Closing Date payable to the order of such Lender in a face amount equal to the Revolving
Credit Commitment or Swing Loan Commitment, as applicable, of such Lender.

     2.7 Use of Proceeds. The proceeds of the Loans shall be used (i) to refinance existing
indebtedness for borrowed money, (ii) to finance working capital and capital expenditures; (iii) to
make Permitted Acquisitions, and (iv) for general corporate purposes including, but not limited to
dividends and Company stock purchases as permitted under Section 8.2.5 [Dividends and Related
Distributions] (including the payment of fees and expenses related to the foregoing permitted
purposes).

     2.8 Letter of Credit Subfacility.

          2.8.1 Issuance of Letters of Credit. Each of the Borrowers may at any time prior to the
Expiration Date request the issuance of a standby letter of credit (a “Standby Letter of Credit”)
or Commercial Letter of Credit (each a “Letter of Credit”) which may be denominated in either
Dollars or an Optional Currency on behalf of itself or another Loan Party, or the amendment or
extension of an existing Letter of Credit, by delivering or having such other Loan Party deliver to
the Issuing Lender (with a copy to the Administrative Agent) a completed application and agreement
for letters of credit, or request for such amendment or extension, as applicable, in such form as
the Issuing Lender may specify from time to time by no later than 10:00 a.m. at least five (5)
Business Days, or such shorter period as may be agreed to by the Issuing Lender, in advance of the
proposed date of issuance. Promptly after receipt of any letter of credit application, the Issuing
Lender shall confirm with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has received a copy of such Letter of Credit application and if not, such
Issuing Lender will provide Administrative Agent with a copy thereof. Unless the Issuing Lender
has received notice from any Lender, Administrative Agent or any Loan Party, at least one day prior
to the requested date of issuance, amendment or extension of the applicable Letter of Credit, that
one or more applicable conditions in Section 7. [Conditions of Lending and Issuance of Letters of
Credit] is not satisfied, then, subject to the terms and conditions hereof and in reliance on the
agreements of the other Lenders set forth in this Section 2.8, the Issuing Lender or any of the
Issuing Lender’s Affiliates will issue a Letter of Credit or agree to such amendment or extension,
provided that each Letter of Credit shall

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(A) have a maximum maturity of three (3) years from the
date of issuance (provided that such Letter of Credit may include an automatic renewal provision
which provides for an automatic renewal of such Letter of Credit for a period not longer than
twelve (12) months), and (B) in no event expire later than the date which is 364 days after the
Expiration Date and provided further that in no event shall (i) the Dollar Equivalent of the Letter
of Credit Obligations exceed, at any one time, $20,000,000 (the “Letter of Credit Sublimit”) or
(ii) the Revolving Facility Usage exceed, at any one time, the Revolving Credit Commitments. Each
request by the Borrowers for the issuance, amendment or extension of a Letter of Credit shall be
deemed to be a representation by the Borrowers that they shall be in compliance with the preceding
sentence and with Section 7. [Conditions of Lending and Issuance of Letters of Credit] after
giving effect to the requested issuance, amendment or extension of such Letter of Credit. Promptly
after its delivery of any Letter of Credit or any amendment to a Letter of Credit to the
beneficiary thereof, the applicable Issuing Lender will also deliver to Borrowers and
Administrative Agent a true and complete copy of such Letter of Credit or amendment. All letters
of credit which are identified on Schedule 2.8.1 hereto, which shall consist of all letters of
credit outstanding on the Closing Date, shall be deemed to have been issued under this Agreement
and shall constitute Letters of Credit, regardless of which Person is the applicant thereunder.

     Upon the request of Administrative Agent, (i) if any Issuing Lender has honored any full or
partial drawing request under any Letter of Credit and such drawing has resulted in an Letter
of Credit Borrowing, or (ii) if, on the Expiration Date, any Letter of Credit Obligation for
any reason remains outstanding, Borrower shall, in each case, immediately Cash Collateralize the
then outstanding amount of all Letter of Credit Obligations. Borrower hereby grants to
Administrative Agent, for the benefit of each Issuing Lender and the Lenders, a security interest
in all cash collateral pledged pursuant to this Section or otherwise under this Agreement.

          2.8.2 Letter of Credit Fees. The Borrowers shall pay (i) to the Administrative Agent for
the ratable account of the Lenders a fee (the “Letter of Credit Fee”) equal to the Applicable
Letter of Credit Fee Rate, and (ii) to the Issuing Lender for its own account a fronting fee equal
to 0.125% per annum (in each case computed on the basis of a year of 360 days and actual days
elapsed), which fees shall be computed on the Dollar Equivalent the daily average Letter of Credit
Obligations and shall be payable quarterly in arrears on each Payment Date following issuance of
each Letter of Credit. The Borrowers shall also pay to the Issuing Lender for the Issuing Lender’s
sole account the Issuing Lender’s then in effect customary fees and administrative expenses payable
with respect to the Letters of Credit as the Issuing Lender may generally charge or incur from time
to time in connection with the issuance, maintenance, amendment (if any), assignment or transfer
(if any), negotiation, and administration of Letters of Credit.

          2.8.3 Disbursements, Reimbursement. Immediately upon the issuance of each Letter of
Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to,
purchase from the Issuing Lender a participation in such Letter of Credit and each drawing
thereunder in a Dollar Equivalent amount equal to such Lender’s Ratable Share of the maximum amount
available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

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               2.8.3.1 In the event of any request for a drawing under a Letter of Credit by the
beneficiary or transferee thereof, the Issuing Lender will promptly notify the Borrowers and the
Administrative Agent thereof. Provided that it shall have received such notice, the Borrowers
shall reimburse (such obligation to reimburse the Issuing Lender shall sometimes be referred to as
a “Reimbursement Obligation”) the Issuing Lender prior to 12:00 noon on each date that an amount is
paid by the Issuing Lender under any Letter of Credit (each such date, a “Drawing Date”) by paying
to the Administrative Agent for the account of the Issuing Lender an amount equal to the amount so
paid by the Issuing Lender, in the same currency as paid, unless otherwise required by the
Administrative Agent or the Issuing Lender. In the event the Borrowers fail to reimburse the
Issuing Lender (through the Administrative Agent) for the full amount of any drawing under any
Letter of Credit by 12:00 noon on the Drawing Date, the Administrative Agent will promptly notify
each Lender thereof, and the Borrowers shall be deemed to have requested that Revolving Credit
Loans be made in a Dollar Equivalent amount of such Reimbursement Obligations by the Lenders under
the Base Rate Option to be disbursed on the Drawing Date under such Letter of Credit, subject to
the amount of the unutilized portion of the Revolving Credit Commitment and subject to the
conditions set forth in Section 7.2 [Each Loan or Letter of Credit] other than any notice
requirements. Any notice given by the Administrative Agent or Issuing Lender pursuant to this
Section 2.8.3.1 may be oral if immediately confirmed in writing; provided that the lack of such an
immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

               2.8.3.2 Each Lender shall upon any notice pursuant to Section 2.8.3.1 make available to the
Administrative Agent for the account of the Issuing Lender an amount in Dollars in immediately
available funds equal to its Ratable Share of the Dollar Equivalent amount of the drawing,
whereupon the Lenders shall (subject to Section 2.8.3 [Disbursement; Reimbursement]) each be deemed
to have made a Revolving Credit Loan in Dollars under the Base Rate Option to the Borrowers in that
amount. If any Lender so notified fails to make available to the Administrative Agent for the
account of the Issuing Lender the amount of such Lender’s Ratable Share of such amount by no later
than 2:00 p.m. on the Drawing Date, then interest shall accrue on such Lender’s obligation to make
such payment, from the Drawing Date to the date on which such Lender makes such payment (i) at a
rate per annum equal to the Federal Funds Effective Rate during the first three (3) days following
the Drawing Date and (ii) at a rate per annum equal to the rate applicable to Loans under the
Revolving Credit Base Rate Option on and after the fourth day following the Drawing Date. The
failure of any Lender to make available to the Administrative Agent for the account of the Issuing
Lender its Ratable Share of the Dollar Equivalent amount of the drawing shall not relieve any other
Lender of its obligation hereunder to make available to the Administrative Agent for the account of
the Issuing Lender its Ratable Share of the Dollar Equivalent amount of the drawing; provided that
no Lender shall be responsible for the failure of any other Lender to make available to the
Administrative Agent its Ratable Share of the Dollar Equivalent amount of the drawing. The
Administrative Agent and the Issuing Lender will promptly give notice (as described in Section
2.8.3.1 above) of the occurrence of the Drawing Date, but failure of the Administrative Agent or
the Issuing Lender to give any such notice on the Drawing Date or in sufficient time to enable any
Lender to effect such payment on such Drawing Date shall not relieve such Lender from its
obligation under this Section 2.8.3.2.

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               2.8.3.3 With respect to any unreimbursed drawing that is not converted into Revolving Credit
Loans in Dollars under the Base Rate Option to the Borrowers in whole or in part as contemplated by
Section 2.8.3.1, because of the Borrowers’ failure to satisfy the conditions set forth in Section
7.2 [Each Loan or Letter of Credit] other than any notice requirements, or for any other reason,
the Borrowers shall be deemed to have incurred from the Issuing Lender a borrowing (each a “Letter
of Credit Borrowing”) in Dollars in the amount of such drawing. Such Letter of Credit Borrowing
shall be due and payable on demand (together with interest) and shall bear interest at the rate per
annum applicable to the Revolving Credit Loans under the Base Rate Option. Each Lender’s payment
to the Administrative Agent for the account of the Issuing Lender pursuant to Section 2.8.3
[Disbursements, Reimbursement] shall be deemed to be a payment in respect of its participation in
such Letter of Credit Borrowing (each a “Participation Advance”) from such Lender in satisfaction
of its participation obligation under this Section 2.8.3.

          2.8.4 Repayment of Participation Advances.

               2.8.4.1 Upon (and only upon) receipt by the Administrative Agent for the account of the
Issuing Lender of immediately available funds from the Borrowers (i) in reimbursement of any
payment made by the Issuing Lender under the Letter of Credit with respect to which any Lender has
made a Participation Advance to the Administrative Agent, or (ii) in payment of interest on such a
payment made by the Issuing Lender under such a Letter of Credit, the Administrative Agent on
behalf of the Issuing Lender will pay to each Lender, in the same funds as those received by the
Administrative Agent, the amount of such Lender’s Ratable Share of such funds, except the
Administrative Agent shall retain for the account of the Issuing Lender the amount of the Ratable
Share of such funds of any Lender that did not make a Participation Advance in respect of such
payment by the Issuing Lender.

               2.8.4.2 If the Administrative Agent is required at any time to return to any Loan Party, or to
a trustee, receiver, liquidator, custodian, or any official in any Insolvency Proceeding, any
portion of any payment made by any Loan Party to the Administrative Agent for the account of the
Issuing Lender pursuant to this Section in reimbursement of a payment made under the Letter of
Credit or interest or fee thereon, each Lender shall, on demand of the Administrative Agent,
forthwith return to the Administrative Agent for the account of the Issuing Lender the amount of
its Ratable Share of any amounts so returned by the Administrative Agent plus interest thereon from
the date such demand is made to the date such amounts are returned by such Lender to the
Administrative Agent, at a rate per annum equal to the Federal Funds Effective Rate (or, for any
payment in an Optional Currency, the Overnight Rate) in effect from time to time.

          2.8.5 Documentation. Each Loan Party agrees to be bound by the terms of the Issuing
Lender’s application and agreement for letters of credit and the Issuing Lender’s written
regulations and customary practices relating to letters of credit, though such interpretation may
be different from such Loan Party’s own. In the event of a conflict between such application or
agreement and this Agreement, this Agreement shall govern. It is understood and agreed that,
except in the case of gross negligence or willful misconduct, the Issuing Lender shall not be
liable for any error, negligence and/or mistakes, whether of omission or commission, in

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following any Loan Party’s
instructions or those contained in the Letters of Credit or any modifications, amendments or
supplements thereto.

          2.8.6 Determinations to Honor Drawing Requests. In determining whether to honor any
request for drawing under any Letter of Credit by the beneficiary thereof, the Issuing Lender shall
be responsible only to determine that the documents and certificates required to be delivered under
such Letter of Credit have been delivered and that they comply on their face with the requirements
of such Letter of Credit.

          2.8.7 Nature of Participation and Reimbursement Obligations. Each Lender’s obligation in
accordance with this Agreement to make the Revolving Credit Loans or Participation Advances, as
contemplated by Section 2.8.3 [Disbursements, Reimbursement], as a result of a drawing under a
Letter of Credit issued in accordance with the terms of this Agreement, and the Obligations of the
Borrowers to reimburse the Issuing Lender upon a draw under such Letter of Credit, shall be
absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the
terms of this Section 2.8 under all circumstances, including the following circumstances:

               (i) any set-off, counterclaim, recoupment, defense or other right which such Lender may have
against the Issuing Lender or any of its Affiliates, the Borrowers or any other Person for any
reason whatsoever, or which any Loan Party may have against the Issuing Lender or any of its
Affiliates, any Lender or any other Person for any reason whatsoever;

               (ii) the failure of any Loan Party or any other Person to comply, in connection with a Letter
of Credit Borrowing, with the conditions set forth in Sections 2.1 [Revolving Credit Commitments],
2.4 [Revolving Credit Loan Requests; Swing Loan Requests], 2.5 [Making Revolving Credit Loans and
Swing Loans; Etc.] or 7.2 [Each Loan or Letter of Credit] or as otherwise set forth in this
Agreement for the making of a Revolving Credit Loan, it being acknowledged that such conditions are
not required for the making of a Letter of Credit Borrowing and the obligation of the Lenders to
make Participation Advances under Section 2.8.3 [Disbursements, Reimbursement];

               (iii) any lack of validity or enforceability of any Letter of Credit;

               (iv) any claim of breach of warranty that might be made by any Loan Party or any Lender
against any beneficiary of a Letter of Credit, or the existence of any claim, set-off, recoupment,
counterclaim, crossclaim, defense or other right which any Loan Party or any Lender may have at any
time against a beneficiary, successor beneficiary any transferee or assignee of any Letter of
Credit or the proceeds thereof (or any Persons for whom any such transferee may be acting), the
Issuing Lender or its Affiliates or any Lender or any other Person, whether in connection with this
Agreement, the transactions contemplated herein or any unrelated transaction (including any
underlying transaction between any Loan Party or Subsidiaries of a Loan Party and the beneficiary
for which any Letter of Credit was procured);

               (v) the lack of power or authority of any signer of (or any defect in or forgery of any
signature or endorsement on) or the form of or lack of validity, sufficiency,

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accuracy,
enforceability or genuineness of any draft, demand, instrument, certificate or other document
presented under or in connection with any Letter of Credit, or any fraud or alleged fraud in
connection with any Letter of Credit, or the transport of any property or provision of services
relating to a Letter of Credit, in each case even if the Issuing Lender or any of its Affiliates
has been notified thereof;

               (vi) payment by the Issuing Lender or any of its Affiliates under any Letter of Credit against
presentation of a demand, draft or certificate or other document which does not comply with the
terms of such Letter of Credit;

               (vii) the solvency of, or any acts or omissions by, any beneficiary of any Letter of Credit,
or any other Person having a role in any transaction or obligation relating to a Letter of Credit,
or the existence, nature, quality, quantity, condition, value or other characteristic of any
property or services relating to a Letter of Credit;

               (viii) any failure by the Issuing Lender or any of its Affiliates to issue any Letter of
Credit in the form requested by any Loan Party, unless the Issuing Lender has received written
notice from such Loan Party of such failure within three Business Days after the Issuing Lender
shall have furnished such Loan Party and the Administrative Agent a copy of such Letter of Credit
and such error is material and no drawing has been made thereon prior to receipt of such notice;

               (ix) any adverse change in the business, operations, properties, assets, condition (financial
or otherwise) or prospects of any Loan Party or Subsidiaries of a Loan Party;

               (x) any breach of this Agreement or any other Loan Document by any party thereto;

               (xi) the occurrence or continuance of an Insolvency Proceeding with respect to any Loan Party;

               (xii) the fact that an Event of Default or a Potential Default shall have occurred and be
continuing;

               (xiii) the fact that the Expiration Date shall have passed or this Agreement or the
Commitments hereunder shall have been terminated; and

               (xiv) any other circumstance or happening whatsoever, whether or not similar to any of the
foregoing.

          2.8.8 Indemnity. Each Borrower hereby agrees to protect, indemnify, pay and save harmless
the Issuing Lender and any of its Affiliates that has issued a Letter of Credit from and against
any and all claims, demands, liabilities, damages, taxes, penalties, interest, judgments, losses,
costs, charges and expenses (including reasonable fees, expenses and disbursements of counsel and
allocated costs
of internal counsel) which the Issuing Lender or any of its Affiliates may incur or be subject to
as a consequence, direct or indirect, of the issuance of any Letter of Credit, other than as a
result of (A) the gross negligence or willful misconduct of the Issuing Lender as determined by a
final non-appealable judgment of a court of

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competent jurisdiction or (B) the wrongful dishonor by
the Issuing Lender or any of Issuing Lender’s Affiliates of a proper demand for payment made under
any Letter of Credit, except if such dishonor resulted from any act or omission, whether rightful
or wrongful, of any present or future de jure or de facto government or Official Body. To the
extent the Issuing Lender is not indemnified by the Borrowers, the Lenders will reimburse and
indemnify the Issuing Lender, in proportion to their respective Ratable Shares, for and against any
and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs,
expenses or disbursements of whatsoever kind or nature that may be imposed on, asserted against, or
incurred by the Issuing Lender in performing its respective duties in any way related to or arising
out of the Letter(s) of Credit issued by the Issuing Lender; provided, however, that no Lender
shall be liable for any portion of such liabilities, obligations, losses, damages, penalties,
claims, actions, judgments, costs, expenses or disbursements resulting from the gross negligence or
willful misconduct of the Issuing Lender or an Affiliate of the Issuing Lender.

          2.8.9 Liability for Acts and Omissions. As between any Loan Party and the Issuing Lender,
or the Issuing Lender’s Affiliates, such Loan Party assumes all risks of the acts and omissions of,
or misuse of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In
furtherance and not in limitation of the foregoing, the Issuing Lender shall not be responsible for
any of the following, including any losses or damages to any Loan Party or other Person or property
relating therefrom: (i) the form, validity, sufficiency, accuracy, genuineness or legal effect of
any document submitted by any party in connection with the application for an issuance of any such
Letter of Credit, even if it should in fact prove to be in any or all respects invalid,
insufficient, inaccurate, fraudulent or forged (even if the Issuing Lender or its Affiliates shall
have been notified thereof); (ii) the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign any such Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective
for any reason; (iii) the failure of the beneficiary of any such Letter of Credit, or any other
party to which such Letter of Credit may be transferred, to comply fully with any conditions
required in order to draw upon such Letter of Credit or any other claim of any Loan Party against
any beneficiary of such Letter of Credit, or any such transferee, or any dispute between or among
any Loan Party and any beneficiary of any Letter of Credit or any such transferee; (iv) errors,
omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable,
telegraph, telex or otherwise, whether or not they be in cipher; (v) errors in interpretation of
technical terms; (vi) any loss or delay in the transmission or otherwise of any document required
in order to make a drawing under any such Letter of Credit or of the proceeds thereof; (vii) the
misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing under
such Letter of Credit; or (viii) any consequences arising from causes beyond the control of the
Issuing Lender or its Affiliates, as applicable, including any act or omission of any Official
Body, and none of the above shall affect or impair, or prevent the vesting of, any of the Issuing
Lender’s or its Affiliates rights or powers hereunder. Nothing in the preceding sentence shall
relieve the Issuing Lender from liability for the Issuing Lender’s gross negligence or willful
misconduct in connection with actions or omissions described in such clauses (i) through (viii) of
such sentence. In no event shall the
Issuing Lender or its Affiliates be liable to any Loan Party for any indirect, consequential,
incidental, punitive, exemplary or special damages or expenses (including without limitation
attorneys’ fees), or for any damages resulting from any change in the value of any property
relating to a Letter of Credit.

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Without limiting the generality of the foregoing, the Issuing Lender and each of its Affiliates (i)
may rely on any oral or other communication believed in good faith by the Issuing Lender or such
Affiliate to have been authorized or given by or on behalf of the applicant for a Letter of Credit,
(ii) may honor any presentation if the documents presented appear on their face substantially to
comply with the terms and conditions of the relevant Letter of Credit; (iii) may honor a previously
dishonored presentation under a Letter of Credit, whether such dishonor was pursuant to a court
order, to settle or compromise any claim of wrongful dishonor, or otherwise, and shall be entitled
to reimbursement to the same extent as if such presentation had initially been honored, together
with any interest paid by the Issuing Lender or its Affiliate; (iv) may honor any drawing that is
payable upon presentation of a statement advising negotiation or payment, upon receipt of such
statement (even if such statement indicates that a draft or other document is being delivered
separately), and shall not be liable for any failure of any such draft or other document to arrive,
or to conform in any way with the relevant Letter of Credit; (v) may pay any paying or negotiating
bank claiming that it rightfully honored under the laws or practices of the place where such bank
is located; and (vi) may settle or adjust any claim or demand made on the Issuing Lender or its
Affiliate in any way related to any order issued at the applicant’s request to an air carrier, a
letter of guarantee or of indemnity issued to a carrier or any similar document (each an “Order”)
and honor any drawing in connection with any Letter of Credit that is the subject of such Order,
notwithstanding that any drafts or other documents presented in connection with such Letter of
Credit fail to conform in any way with such Letter of Credit.

In furtherance and extension and not in limitation of the specific provisions set forth above, any
action taken or omitted by the Issuing Lender or its Affiliates under or in connection with the
Letters of Credit issued by it or any documents and certificates delivered thereunder, if taken or
omitted in good faith, shall not put the Issuing Lender or its Affiliates under any resulting
liability to the Borrowers or any Lender.

          2.8.10 Issuing Lender Reporting Requirements. Any Issuing Lender other than PNC shall, on
the first Business Day of each month, provide to Administrative Agent and Borrowers a schedule of
the Letters of Credit issued by it, in form and substance satisfactory to Administrative Agent,
showing the date of issuance of each Letter of Credit, the account party (if applicable), the
original face amount (if any), and the expiration date of any Letter of Credit of such Lender
outstanding at any time during the preceding month, and any other information relating to such
Letters of Credit that the Administrative Agent may request.

     2.9 Utilization of Commitments in Optional Currencies.

          2.9.1 Periodic Computations of Dollar Equivalent Amounts of Revolving Credit Loans that are
Optional Currency Loans and Letters of Credit Outstanding; Repayment in Same Currency.
For purposes of determining utilization of the Revolving Credit Commitments, the
Administrative Agent will determine the Dollar Equivalent amount of (i) the proposed Revolving
Credit Loans that are Optional Currency Loans and Letters of Credit to be denominated in an
Optional Currency as of the requested Borrowing Date or date of issuance, as the case may be, (ii)
the outstanding Letter of Credit Obligations denominated in an Optional Currency as of the last
Business Day of each month, and (iii) the outstanding Revolving Credit Loans denominated in an
Optional Currency as of the end of each Interest Period (each such date under clauses (i) through
(iii), and any other date on which the Administrative Agent determines it is necessary or

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advisable
to make such computation, in its sole discretion, is referred to as a “Computation Date”). Unless
otherwise provided in this Agreement or agreed to by the Administrative Agent and the Company, each
Loan and Reimbursement Obligation shall be repaid or prepaid in the same currency in which the Loan
or Reimbursement Obligation was made.

          2.9.2 Notices From Lenders That Optional Currencies Are Unavailable to Fund New Loans. The
Lenders shall be under no obligation to make the Revolving Credit Loans requested by the Borrowers
which are denominated in an Optional Currency if any Lender notifies the Administrative Agent by
5:00 p.m. four (4) Business Days prior to the Borrowing Date for such Revolving Credit Loans that
such Lender cannot provide its Revolving Credit Ratable Share of such Revolving Credit Loans in
such Optional Currency. In the event the Administrative Agent timely receives a notice from a
Lender pursuant to the preceding sentence, the Administrative Agent will notify the Borrowers no
later than 12:00 noon three (3) Business Days prior to the Borrowing Date for such Revolving Credit
Loans that the Optional Currency is not then available for such Revolving Credit Loans, and the
Administrative Agent shall promptly thereafter notify the Lenders of the same and the Lenders shall
not make such Revolving Credit Loans requested by the Borrowers under their Loan Request.

          2.9.3 Notices From Lenders That Optional Currencies Are Unavailable to Fund Renewals of the
Euro-Rate Option. If the Borrowers deliver a Loan Request requesting that the Lenders renew
the Euro-Rate Option with respect to an outstanding Borrowing Tranche of Revolving Credit Loans
denominated in an Optional Currency, the Lenders shall be under no obligation to renew such
Euro-Rate Option if any Lender delivers to the Administrative Agent a notice by 5:00 p.m. four (4)
Business Days prior to the effective date of such renewal that such Lender cannot continue to
provide Revolving Credit Loans in such Optional Currency. In the event the Administrative Agent
timely receives a notice from a Lender pursuant to the preceding sentence, the Administrative Agent
will notify the Borrowers no later than 12:00 noon three (3) Business Days prior to the renewal
date that the renewal of such Revolving Credit Loans in such Optional Currency is not then
available, and the Administrative Agent shall promptly thereafter notify the Lenders of the same.
If the Administrative Agent shall have so notified the Borrowers that any such continuation of such
Revolving Credit Loans in such Optional Currency is not then available, any notice of renewal with
respect thereto shall be deemed withdrawn, and such Loans shall be redenominated into Loans in
Dollars at the Base Rate Option or Euro-Rate Option, at the Company’s option on behalf of the
Borrowers (subject, in the case of the Euro-Rate Option, to compliance with Section 2.5 [Making
Revolving Credit Loans, Etc.] and Section 4.1 [Interest
Rate Options]), with effect from the last day of the Interest Period with respect to any such
Loans. The Administrative Agent will promptly notify the Borrowers and the Lenders of any such
redenomination, and in such notice, the Administrative Agent will state the aggregate Dollar
Equivalent amount of the redenominated Revolving Credit Loans in an Optional Currency as of the
applicable Computation Date with respect thereto and such Lender’s Revolving Credit Ratable Share
thereof. Notwithstanding anything to the contrary herein, each of the Lenders party to this
Agreement as of the Closing Date acknowledge and agree that, as of the Closing Date, such Lender
can make Revolving Credit Loans denominated in Canadian Dollars, Euro and British Pounds
Sterling. However, the Borrowers acknowledge and agree that the foregoing acknowledgement does
not constitute a covenant, representation or warranty that such Lenders will be able to lend in
such currencies on any particular date in the future.

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          2.9.4 European Monetary Union.

               2.9.4.1 Payments In Euros Under Certain Circumstances. If (i) any Optional Currency
ceases to be lawful currency of the nation issuing the same and is replaced by the Euro or (ii) any
Optional Currency and the Euro are at the same time recognized by any governmental authority of the
nation issuing such currency as lawful currency of such nation and the Administrative Agent or the
Required Lenders shall so request in a notice delivered to the Borrowers, then any amount payable
hereunder by any party hereto in such Optional Currency shall instead by payable in the Euro and
the amount so payable shall be determined by translating the amount payable in such Optional
Currency to the Euro at the exchange rate established by that nation for the purpose of
implementing the replacement of the relevant Optional Currency by the Euro (and the provisions
governing payments in Optional Currencies in this Agreement shall apply to such payment in the Euro
as if such payment in the Euro were a payment in an Optional Currency). Prior to the occurrence of
the event or events described in clause (i) or (ii) of the preceding sentence, each amount payable
hereunder in any Optional Currency will, except as otherwise provided herein, continue to be
payable only in that currency.

               2.9.4.2 Additional Compensation Under Certain Circumstances. The Borrowers agree, at
the request of any Lender, to compensate such Lender for any loss, cost, expense or reduction in
return that such Lender shall reasonably determine shall be incurred or sustained by such Lender as
a result of the replacement of any Optional Currency by the Euro and that would not have been
incurred or sustained but for the transactions provided for herein. A certificate of any Lender
setting forth such Lender’s determination of the amount or amounts necessary to compensate such
Lender shall be delivered to the Borrowers and shall be conclusive absent manifest error so long as
such determination is made on a reasonable basis. The Borrowers shall pay such Lender the amount
shown as due on any such certificate within ten (10) days after receipt thereof.

          2.9.5 Requests for Additional Optional Currencies. The Borrowers may deliver to the
Administrative Agent a written request that Revolving Credit Loans hereunder also be permitted to
be made in any other lawful currency (other than Dollars), in addition to the currencies specified
in the definition of “Optional Currency” herein, provided that such currency must be freely
traded in the offshore interbank foreign exchange markets, freely transferable, freely convertible
into Dollars and available to the Lenders in the Relevant
Interbank Market. The Administrative Agent will promptly notify the Lenders of any such request
promptly after the Administrative Agent receives such request. The Administrative Agent will
promptly notify the Borrowers of the acceptance or rejection by the Administrative Agent and each
of the Lenders of the Borrowers’ request. The requested currency shall be approved as an Optional
Currency hereunder only if the Administrative Agent and all of the Lenders approve of the
Borrowers’ request.

     2.10 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary,
if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as
such Lender is a Defaulting Lender:

               (i) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting
Lender pursuant to Section 2.3 [Commitment Fees];

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               (ii) the Commitment and outstanding Loans of such Defaulting Lender shall not be included in
determining whether the Required Lenders have taken or may take any action hereunder (including any
consent to any amendment, waiver or other modification pursuant to Section 12.1 [Modifications,
Amendments or Waivers]); provided, that this clause (ii) shall not apply to the vote of a
Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent
of such Lender or each Lender directly affected thereby;

               (iii) if any Swing Loans are outstanding or any Letter of Credit Obligations exist at the time
such Lender becomes a Defaulting Lender, then:

                    (a) all or any part of the outstanding Swing Loans and Letter of Credit Obligations of such
Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their
respective Ratable Shares but only to the extent that (x) the Revolving Facility Usage does not
exceed the total of all non-Defaulting Lenders’ Revolving Credit Commitments, and (y) no Potential
Default or Event of Default has occurred and is continuing at such time;

                    (b) if the reallocation described in clause (a) above cannot, or can only partially, be
effected, the Borrowers shall within one Business Day following notice by the Administrative Agent
(x) first, prepay such outstanding Swing Loans, and (y) second, cash collateralize
for the benefit of the Issuing Lender the Borrowers’ obligations corresponding to such Defaulting
Lender’s Letter of Credit Obligations (after giving effect to any partial reallocation pursuant to
clause (a) above) in a deposit account held at the Administrative Agent for so long as such Letter
of Credit Obligations are outstanding;

                    (c) if the Borrowers cash collateralizes any portion of such Defaulting Lender’s Letter of
Credit Obligations pursuant to clause (b) above, the Borrowers shall not be required to pay any
fees to such Defaulting Lender pursuant to Section 2.9.2 [Letter of Credit Fees] with respect to
such Defaulting Lender’s Letter of Credit Obligations during the period such Defaulting Lender’s
Letter of Credit Obligations are cash collateralized;

                    (d) if the Letter of Credit Obligations of the non-Defaulting Lenders are reallocated pursuant
to clause (a) above, then the fees payable to the Lenders pursuant to Section 2.9.2 shall be
adjusted in accordance with such non-Defaulting Lenders’ Ratable Share; and

                    (e) if all or any portion of such Defaulting Lender’s Letter of Credit Obligations are neither
reallocated nor cash collateralized pursuant to clause (a) or (b) above, then, without prejudice to
any rights or remedies of the Issuing Lender or any other Lender hereunder, all Letter of Credit
Fees payable under Section 2.9.2 with respect to such Defaulting Lender’s Letter of Credit
Obligations shall be payable to the Issuing Lender (and not to such Defaulting Lender) until and to
the extent that such Letter of Credit Obligations are reallocated and/or cash collateralized; and

               (iv) so long as such Lender is a Defaulting Lender, PNC shall not be required to fund any
Swing Loans and the Issuing Lender shall not be required to issue, amend or increase any Letter of
Credit, unless (a) with respect to Letters of Credit, such Issuing Lender is

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satisfied that the
related exposure and the Defaulting Lender’s then outstanding Letter of Credit Obligations will be
100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders and/or cash
collateral will be provided by the Borrowers in accordance with Section 2.10(iii), and (b) with
respect to Swing Loans, the amount of requested Swing Loans when allocated to non-Defaulting
Lenders plus outstanding Swing Loans will be 100% covered by the Revolving Credit Commitments of
the non-Defaulting Lenders. Participating interests in any newly made Swing Loan or any newly
issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner
consistent with Section 2.10(iii)(a) (and such Defaulting Lender shall not participate
therein).

     If (i) a Bankruptcy Event with respect to a parent company of any Lender shall occur following
the date hereof and for so long as such event shall continue, or (ii) PNC or the Issuing Lender has
a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more
other agreements in which such Lender commits to extend credit, PNC shall not be required to fund
any Swing Loan and the Issuing Lender shall not be required to issue, amend or increase any Letter
of Credit, unless PNC or the Issuing Lender, as the case may be, shall have entered into
arrangements with the Borrowers or such Lender, satisfactory to PNC or the Issuing Lender, as the
case may be, to defease any risk to it in respect of such Lender hereunder.

     In the event that the Administrative Agent, the Borrowers, PNC and the Issuing Lender agree in
writing that a Defaulting Lender has adequately remedied all matters that caused such Lender to be
a Defaulting Lender, then the Administrative Agent will so notify the parties hereto, and the
Ratable Share of the Swing Loans and Letter of Credit Obligations of the Lenders shall be
readjusted to reflect the inclusion of such Lender’s Commitment, and on such date such Lender shall
purchase at par such of the Loans of the other Lenders (other than Swing Loans) as the
Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans
in accordance with its Ratable Share.

     2.11 Provisions Applicable to All Loans.

          2.11.1 Notes. The obligation of the Borrowers to repay the aggregate unpaid principal amount of the
Revolving Credit Loans made to them by each Lender and Swing Loans made to them by PNC, together
with interest thereon, shall be evidenced by a revolving credit Note or Swing Loan Note, as
applicable, dated as of the Closing Date (or, if later, the date such Lender becomes a Lender
hereunder in accordance with this Agreement or the Commitment of any Lender is increased), payable
to the order of such Lender in a face amount equal to such Lender’s Revolving Credit Commitment and
payable to the order of PNC in the face amount equal to the Swing Loan Commitment. Upon request to
the Administrative Agent made prior to the Closing Date (or, if later, the date such Lender becomes
a Lender hereunder in accordance with this Agreement or the Commitment of any Lender is increased),
any Lender may elect to evidence the aggregate unpaid principal amount of all Revolving Credit
Loans made by it, and PNC may elect to evidence the aggregate unpaid principal amount of all Swing
Loans made by it, through the maintenance in the ordinary course of business of accounts or
records, which accounts or records shall be available to the Administrative Agent to review
promptly upon request, in lieu of receipt of original Notes. In the event of any conflict between
the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent

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with respect to such matters, the accounts and records of the Administrative
Agent shall control absent manifest error.

          2.11.2 Joint and Several Obligations. Subject to any limitations expressly set forth in
Section 12.14 [Foreign Borrowers and Foreign Guarantors] with respect to Foreign Borrowers, all
Obligations of the Borrowers are joint and several.

3. RESERVED

4. INTEREST RATES

     4.1 Interest Rate Options. The Borrowers shall pay interest in respect of the outstanding
unpaid principal amount of the Loans as selected by them from the Base Rate Option or Euro-Rate
Option set forth below applicable to the Loans, it being understood that, subject to the provisions
of this Agreement, all Revolving Credit Loans made as part of the same Borrowing Tranche shall be
made to the same Borrower and shall consist of the same Interest Rate Option, and the same Interest
Period shall apply to such Loans that are part of the same Borrowing Tranche; provided that
the Borrowers may select different Interest Rate Options and different Interest Periods to apply
simultaneously to the Loans comprising different Borrowing Tranches and may convert to or renew one
or more Interest Rate Options with respect to all or any portion of the Loans comprising any
Borrowing Tranche; provided further that there shall not be at any one time outstanding
more than six (6) Borrowing Tranches in the aggregate among all of the Loans and provided
further that if an Event of Default or Potential Default exists and is continuing, the
Borrowers may not request, convert to, or renew the Euro-Rate Option for any Loans and the Required
Lenders may demand that all existing Borrowing Tranches bearing interest under the Euro-Rate Option
shall be converted immediately to the Base Rate Option, subject to the obligation of the Borrowers
to pay any indemnity under Section 5.10 [Indemnity] in connection with such conversion. If at any
time the designated rate applicable to any Loan made by any Lender exceeds such Lender’s highest
lawful rate, the rate of interest on such Lender’s Loan shall be limited to such Lender’s highest
lawful rate. Interest on the principal amount of each Loan made in an Optional Currency shall be
paid by the Borrowers in such Optional Currency.

          4.1.1 Revolving Credit Interest Rate Options; Swing Line Interest Rate. Subject to Section
4.3 [Interest After Default], the Borrowers shall have the right to select from the following
Interest Rate Options applicable to the Revolving Credit Loans, provided that any Loan made in an
Optional Currency shall bear interest at the Euro-Rate:

               (i) Revolving Credit Base Rate Option: A fluctuating rate per annum (computed on the
basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base
Rate plus the Applicable Margin, such interest rate to change automatically from time to time
effective as of the effective date of each change in the Base Rate; or

               (ii) Revolving Credit Euro-Rate Option: A rate per annum (computed on the basis of a
year of 360 days and actual days elapsed) equal to the Euro-Rate plus the Applicable Margin;
provided, however, that in the case of a Revolving Credit Loan which is

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denominated in Canadian
dollars, such rate per annum shall be calculated on the basis of a 365-day year.

     Subject to Section 4.3 [Interest After Default], only the Base Rate Option applicable to
Revolving Credit Loans shall apply to the Swing Loans.

          4.1.2 Rate Quotations. The Borrowers may call the Administrative Agent on or before the
date on which a Loan Request is to be delivered to receive an indication of the rates then in
effect, but it is acknowledged that such projection shall not be binding on the Administrative
Agent or the Lenders nor affect the rate of interest which thereafter is actually in effect when
the election is made.

     4.2 Interest Periods. At any time when the Borrowers shall select, convert to or renew a
Euro-Rate Option, the Borrowers shall notify the Administrative Agent thereof (i) at least three
(3) Business Days prior to the effective date of such Euro-Rate Option with respect to a Loan
denominated in Dollars and (ii) at least four (4) Business Days prior to the effective date of such
Euro-Rate Option with respect to an Optional Currency Loan, by delivering a Loan Request. The
notice shall specify an Interest Period during which such Interest Rate Option shall apply.
Notwithstanding the preceding sentence, the following provisions shall apply to any selection of,
renewal of, or conversion to a Euro-Rate Option:

          4.2.1 Amount of Borrowing Tranche. Each Borrowing Tranche of Loans under the Euro-Rate
Option shall be in integral multiples of $250,000 and not less than $1,000,000; and

          4.2.2 Renewals. In the case of the renewal of a Euro-Rate Option at the end of an Interest
Period, the first day of the new Interest Period shall be the last day of the preceding Interest
Period, without duplication in payment of interest for such day.

     4.3 Interest After Default. To the extent permitted by Law, upon the occurrence of an
Event of Default and until such time such Event of Default shall have been cured or waived, and at
the discretion of the Administrative Agent or upon written demand (or as directed by the Required
Lenders in their discretion) effective following notice to the Borrowers:

          4.3.1 Letter of Credit Fees, Interest Rate. The Letter of Credit Fees and the rate of
interest for each Loan otherwise applicable pursuant to Section 2.8.2 [Letter of Credit Fees] or
Section 4.1 [Interest Rate Options], respectively, shall be increased by 2.0% per annum;

          4.3.2 Other Obligations. Each other Obligation hereunder if not paid when due shall bear
interest at a rate per annum equal to the sum of the rate of interest applicable under the
Revolving Credit Base Rate Option plus an additional 2.0% per annum from the time such Obligation
becomes due and payable and until it is paid in full; and

          4.3.3 Acknowledgment. The Borrowers acknowledge that the increase in rates referred to in
this Section 4.3 reflects, among other things, the fact that such Loans or other amounts have
become a substantially greater risk given their default status and that the Lenders are entitled to
additional compensation for such risk; and all such interest shall be payable by Borrowers upon
demand by Administrative Agent.

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     4.4 Euro-Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available.

          4.4.1 Unascertainable. If on any date on which a Euro-Rate would otherwise be determined,
the Administrative Agent shall have determined that:

               (i) adequate and reasonable means do not exist for ascertaining such Euro-Rate, or

               (ii) a contingency has occurred which materially and adversely affects the London interbank
eurodollar market , the Administrative Agent shall have the rights specified in Section 4.4.3
[Administrative Agent’s and Lender’s Rights].

          4.4.2 Illegality; Increased Costs; Deposits Not Available. If at any time any Lender shall
have determined that:

               (i) the making, maintenance or funding of any Loan to which a Euro-Rate Option applies has
been made impracticable or unlawful by compliance by such Lender in good faith with any Law or any
interpretation or application thereof by any Official Body or with any request or directive of any
such Official Body (whether or not having the force of Law), or

               (ii) such Euro-Rate Option will not adequately and fairly reflect the cost to such Lender of
the establishment or maintenance of any such Loan, or

               (iii) after making all reasonable efforts, deposits of the relevant amount in Dollars or in
the Optional Currency (as applicable) for the relevant Interest Period for a Loan, or to banks
generally, to which a Euro-Rate Option applies, respectively, are not available to such Lender with
respect to such Loan, or to banks generally, in the interbank eurodollar market,

then the Administrative Agent shall have the rights specified in Section 4.4.3 [Administrative
Agent’s and Lender’s Rights].

          4.4.3 Administrative Agent’s and Lender’s Rights. In the case of any event specified in
Section 4.4.1 [Unascertainable] above, the Administrative Agent shall promptly so notify the
Lenders and the Borrowers thereof, and in the case of an event specified in Section 4.4.2
[Illegality; Increased Costs; Deposits Not Available] above, such Lender shall promptly so notify
the Administrative Agent and endorse a certificate to such notice as to the specific circumstances
of such notice, and the Administrative Agent shall promptly send copies of such notice and
certificate to the other Lenders and the Borrowers. Upon such date as shall be specified in such
notice (which shall not be earlier than the date such notice is given), the obligation of (A) the
Lenders, in the case of such notice given by the Administrative Agent, or (B) such Lender, in the
case of such notice given by such Lender, to allow the Borrowers to select, convert to or renew a
Euro-Rate Option or select an Optional Currency (as applicable) shall be suspended until the
Administrative Agent shall have later notified the Borrowers, or such Lender shall have later
notified the Administrative Agent, of the Administrative Agent’s or such Lender’s, as the case may
be, determination that the circumstances giving rise to such previous determination no longer
exist. If at any time the Administrative Agent makes a determination under Section 4.4.1
[Unascertainable] and the Borrowers have previously notified the Administrative Agent of their
selection of, conversion to or renewal of a Euro-Rate Option

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and such Interest Rate Option has not
yet gone into effect, such notification shall be deemed to provide for selection of, conversion to
or renewal of the Base Rate Option otherwise available with respect to such Loans. If any Lender
notifies the Administrative Agent of a determination under Section 4.4.2 [Illegality; Increased
Costs; Deposits Not Available], the Borrowers shall, subject to the Borrowers’ indemnification
Obligations under Section 5.10 [Indemnity], as to any Loan of the Lender to which a Euro-Rate
Option applies, on the date specified in such notice either (i) as applicable, convert such Loan to
the Base Rate Option otherwise available with respect to such Loan or select a different Optional
Currency or Dollars, or (ii) prepay such Loan in accordance with Section 5.6 [Voluntary
Prepayments]. Absent due notice from the Borrowers
of conversion or prepayment, such Loan shall automatically be converted to the Base Rate Option
otherwise available with respect to such Loan upon such specified date.

     4.5 Selection of Interest Rate Options. If the Borrowers fail to select a new Interest
Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of
an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions
of Section 4.2 [Interest Periods], the Borrowers shall be deemed to have converted such Borrowing
Tranche to the Revolving Credit Base Rate Option, commencing upon the last day of the existing
Interest Period.

     4.6 Interest Act (Canada) Disclosure. For the purposes of the Interest Act (Canada) and
disclosure thereunder, whenever any interest or any fee to be paid hereunder or in connection
herewith is to be calculated on the basis of a 360-day year or any other period less than a full
year, the yearly rate of interest to which the rate used in such calculation is equivalent is the
rate so used multiplied by the actual number of days in the calendar year in which the same is to
be ascertained and divided by 360 or the number of days in such other period, as applicable. The
rates of interest under this Agreement are nominal rates, and not effective rates or yields. The
principle of deemed reinvestment of interest does not apply to any interest calculation under this
Agreement.

     4.7 Canadian Usury Provision. If any provision of this Agreement would oblige a Canadian
Borrower to make any payment of interest or other amount payable to any Lender in an amount or
calculated at a rate which would be prohibited by law or would result in a receipt by that Lender
of “interest” at a “criminal rate” (as such terms are construed under the Criminal Code (Canada)),
then, notwithstanding such provision, such amount or rate shall be deemed to have been adjusted
with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not
be so prohibited by applicable law or so result in a receipt by that Lender of “interest” at a
“criminal rate”, such adjustment to be effected, to the extent necessary (but only to the extent
necessary), as follows:

               (i) first, by reducing the amount or rate of interest; and

               (ii) thereafter, by reducing any fees, commissions, costs, expenses, premiums and other
amounts required to be paid which would constitute interest for purposes of Section 347 of the
Criminal Code (Canada).

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5. PAYMENTS

     5.1 Payments. All payments and prepayments to be made in respect of principal, interest,
Commitment Fees, Letter of Credit Fees, Administrative Agent’s Fee or other fees or amounts due
from the Borrowers hereunder shall be payable prior to 1:00 p.m. on the date when due without
presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the
Borrowers, and without set-off, counterclaim or other deduction of any nature, and an action
therefor shall immediately accrue. Such payments shall be made to the Administrative Agent at the
Principal Office for the account of PNC with respect to the Swing Loans and for the ratable
accounts of the Lenders with respect to the Revolving Credit Loans in Dollars (unless otherwise
provided herein) and in immediately available funds, and the Administrative Agent shall promptly
distribute such amounts to the Lenders in immediately available funds; provided that in the
event payments are received by 1:00 p.m. by the Administrative Agent with respect to the Loans and
such payments are not distributed to the Lenders on the same day received by the Administrative
Agent, the Administrative Agent shall pay the Lenders the Federal Funds Effective Rate in the case
of Loans or other amounts due in Dollars, or the Overnight Rate in the case of Loans or other
amounts due in an Optional Currency, with respect to the amount of such payments for each day held
by the Administrative Agent and not distributed to the Lenders. The Administrative Agent’s and
each Lender’s statement of account, ledger or other relevant record shall, in the absence of
manifest error, be conclusive as the statement of the amount of principal of and interest on the
Loans and other amounts owing under this Agreement and shall be deemed an “account stated”. All
payments of principal and interest made in respect of the Loans must be repaid in the same currency
(whether Dollars or the applicable Optional Currency) in which such Loan was made and all Unpaid
Drawings with respect to each Letter of Credit shall be made in the same currency (whether Dollars
or the applicable Optional Currency) in which such Letter of Credit was issued. The Administrative
Agent may (but shall not be obligated to) debit the amount of any such payment which is not made by
such time to any ordinary deposit account of the applicable Borrower with the Administrative Agent.

     5.2 Pro Rata Treatment of Lenders. Each borrowing of Revolving Credit Loans shall be
allocated to each Lender according to its Ratable Share, and each selection of, conversion to or
renewal of any Interest Rate Option and each payment or prepayment by the Borrowers with respect to
principal, interest, Commitment Fees and Letter of Credit Fees, or other fees (except for the
Administrative Agent’s Fee and the Issuing Lender’s fronting fee) or amounts due from the Borrowers
hereunder to the Lenders with respect to the Commitments and Loans, shall (except as otherwise may
be provided with respect to a Defaulting Lender and except as provided in Section 4.4.3
[Administrative Agent’s and Lender’s Rights] in the case of an event specified in Section 4.4
[Euro-Rate Unascertainable; Etc.], 5.6.2 [Replacement of a Lender] or 5.8 [Increased Costs]) be
payable ratably among the Lenders entitled to such payment in accordance with the amount of
principal, interest, Commitment Fees, Letter of Credit Fees, and other fees or amounts then due or
payable to such Lenders as set forth in this Agreement. Notwithstanding any of the foregoing, each
borrowing or payment or prepayment by the Borrowers of principal, interest, fees or other amounts
due from the Borrowers solely with respect to Swing Loans shall be made by or to PNC according to
Section 2.5.5 [Borrowings to Repay Swing Loans].

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     5.3 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of
setoff, counterclaim or banker’s lien, by receipt of voluntary payment, by realization upon
security, or by any other non-pro rata source, obtain payment in respect of any principal of or
interest on any of its Loans or other obligations hereunder resulting in such Lender’s receiving
payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other
such obligations greater than the pro-rata share
of the amount such Lender is entitled thereto, then the Lender receiving such greater proportion
shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value)
participations in the Loans and such other obligations of the other Lenders, or make such other
adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the
Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Loans and other amounts owing them, provided that:

               (i) if any such participations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations shall be rescinded and the purchase price restored to the
extent of such recovery, together with interest or other amounts, if any, required by Law
(including court order) to be paid by the Lender or the holder making such purchase; and

               (ii) the provisions of this Section 5.3 shall not be construed to apply to (x) any payment
made by the Loan Parties pursuant to and in accordance with the express terms of the Loan Documents
or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Loans or Participation Advances to any assignee or participant, other
than to the Borrowers or any Subsidiary thereof (as to which the provisions of this Section 5.3
shall apply).

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under
applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against each Loan Party rights of setoff and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of
such participation.

     5.4 Presumptions by Administrative Agent. Unless the Administrative Agent shall have
received notice from the Borrowers prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Lender hereunder that the
Borrowers will not make such payment, the Administrative Agent may assume that the Borrowers have
made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the Lenders or the Issuing Lender, as the case may be, the amount due. In such
event, if the Borrowers have not in fact made such payment, then each of the Lenders or the Issuing
Lender, as the case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or the Issuing Lender, with interest thereon, for
each day from and including the date such amount is distributed to it to but excluding the date of
payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate (or, for
payments in an Optional Currency, the Overnight Rate) and a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation.

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     5.5 Interest Payment Dates. Interest on Loans to which the Base Rate Option applies shall
be due and payable in arrears on each Payment Date. Interest on Loans to which the Euro-Rate
Option applies shall be due and payable on the last day of each Interest Period for those Loans
and, if such Interest Period is
longer than three (3) Months, also on the 90th day of such Interest Period. Interest on mandatory
prepayments of principal under Section 5.7 [Mandatory Prepayments] shall be due on the date such
mandatory prepayment is due. Interest on the principal amount of each Loan or other monetary
Obligation shall be due and payable on demand after such principal amount or other monetary
Obligation becomes due and payable (whether on the stated Expiration Date, upon acceleration or
otherwise).

     5.6 Voluntary Prepayments.

          5.6.1 Right to Prepay. Each Borrower shall have the right at its option from time to time
to prepay the Loans in whole or part without premium or penalty (except as provided in Section
5.6.2 [Replacement of a Lender] below, in Section 5.8 [Increased Costs] and Section 5.10
[Indemnity]). Whenever any Borrower desires to prepay any part of the Loans, such Borrower shall
provide a prepayment notice to the Administrative Agent by 1:00 p.m. at least one (1) Business Day
prior to the date of prepayment of the Revolving Credit Loans denominated in Dollars, and at least
four (4) Business Days prior to the date of prepayment of any Loans denominated in an Optional
Currency, or no later than 1:00 p.m. on the date of prepayment of Swing Loans, setting forth the
following information:

     (w) the date, which shall be a Business Day, on which the proposed prepayment
is to be made;

     (x) a statement indicating the application of the prepayment between the
Revolving Credit Loans and Swing Loans;

     (y) a statement indicating the application of the prepayment between Loans to
which the Base Rate Option applies and Loans to which the Euro-Rate Option applies;
and

     (z) the total principal amount of such prepayment, which shall not be less than
the lesser of (i) the Revolving Facility Usage or (ii) $100,000 for any Swing Loan,
$250,000 for any Optional Currency Loan or $250,000 for any Revolving Credit Loan.

Except as set forth in Section 2.1.1.2 [Optional Reductions], all prepayment notices shall be
irrevocable. The principal amount of the Loans for which a prepayment notice is given, together
with interest on such principal amount except with respect to Loans to which the Base Rate Option
applies, shall be due and payable on the date specified in such prepayment notice as the date on
which the proposed prepayment is to be made. Except as provided in Section 4.4.3 [Administrative
Agent’s and Lender’s Rights], if the Borrowers prepay a Loan but fails to specify the applicable
Borrowing Tranche which the Borrowers are prepaying, the prepayment shall be applied first to Loans
to which the Base Rate Option applies, then to Loans to which the Euro-Rate Option applies which
are not in Optional Currencies, and then to Loans denominated in Optional Currencies. Any
prepayment hereunder shall be subject to the Borrowers’ Obligation to indemnify the Lenders under
Section 5.10 [Indemnity]. Prepayments shall be made in the currency in which such Loan was made,
unless otherwise directed by the Administrative Agent.

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          5.6.2 Replacement of a Lender. In the event any Lender (i) gives notice under Section 4.4
[Euro-Rate Unascertainable, Etc.], (ii) requests compensation under Section 5.8 [Increased Costs],
or requires the Borrowers to pay any additional amount to any Lender or any Official Body for the
account of any Lender pursuant to Section 5.9 [Taxes], (iii) is a Defaulting Lender, (iv) becomes
subject to the control of an Official Body (other than normal and customary supervision), or (v) is
a Non-Consenting Lender referred to in Section 12.1 [Modifications, Amendments or Waivers], then in
any such event the Borrowers may, at their sole expense, upon notice to such Lender and the
Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in, and consents required by, Section 12.8
[Successors and Assigns]), all of its interests, rights and obligations under this Agreement and
the related Loan Documents to an assignee that shall assume such obligations (which assignee may be
another Lender, if a Lender accepts such assignment), provided that:

               (i) the Borrowers shall have paid to the Administrative Agent the assignment fee specified in
Section 12.8 [Successors and Assigns];

               (ii) such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans and Participation Advances, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 5.10 [Indemnity]) from the assignee (to the extent of such outstanding principal and
accrued interest and fees) or the Borrowers (in the case of all other amounts);

               (iii) in the case of any such assignment resulting from a claim for compensation under Section
5.8 [Increased Costs] or payments required to be made pursuant to Section 5.9 [Taxes], such
assignment will result in a reduction in such compensation or payments thereafter; and

               (iv) such assignment does not conflict with applicable Law.

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 Borrowers to
require such assignment and delegation cease to apply.

     5.7 Mandatory Prepayments.

          5.7.1 Mandatory Prepayment of Loans. If on any date (after giving effect to any other
payments on such date) (A) the aggregate Dollar Equivalent amount of Revolving Facility Usage
exceeds the aggregate Revolving Credit Commitments, (B) the Dollar Equivalent amount of Revolving
Credit Loans from a Lender exceeds such Lender’s Revolving Credit Commitment minus such Lender’s
Ratable Share of the Dollar Equivalent amount of Letter of Credit Obligations, or (C) the Swing
Loans outstanding exceed the Swing Loan Commitment; then, in the case of each of the foregoing, the
applicable Borrower or the Company shall prepay on such date the principal amount of Loans and,
after Loans have been paid in full, any Unpaid Drawings, in an aggregate amount at least equal to
such excess and conforming in the case of partial prepayments of Loans to the requirements as to
the amounts of partial prepayments of

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Loans that are contained in Section 5.6 [Voluntary
Prepayments]; provided, however, that if such excess results solely from fluctuations in the
exchange rates related to any Optional Currencies applicable to any of the Loans or Unpaid
Drawings, then neither the applicable Borrower nor the Company shall be obligated to make a
prepayment pursuant to this Section 5.7.1 unless and/or until (1) the aggregate Dollar Equivalent
amount of Revolving Facility Usage exceeds 100% of the aggregate of the Revolving Credit
Commitments, or (2) the Dollar Equivalent amount of Revolving Credit Loans from a Lender exceeds
100% of such Lender’s Revolving Credit Commitment minus such Lender’s Ratable Share of the Dollar
Equivalent amount of Letter of Credit Obligations.

          5.7.2 Application Among Interest Rate Options. All prepayments required pursuant to this
Section 5.7 shall first be applied among the Interest Rate Options to the principal amount of the
Loans subject to the Base Rate Option, then to Loans denominated in Dollars and subject to a
Euro-Rate Option, then to Loans in Optional Currencies subject to the Euro-Rate Option, and the
Borrowers will be subject to the indemnity obligations set forth in Section 5.8 [Increased Costs]
and Section 5.9 [Taxes]. In accordance with Section 5.10 [Indemnity], each Borrower shall
indemnify the Lenders for any loss or expense, including loss of margin, incurred with respect to
any such prepayments applied against Loans subject to a Euro-Rate Option on any day other than the
last day of the applicable Interest Period.

          5.7.3 Cash Collateralization. If on any date the Dollar Equivalent of Letter of Credit
Obligations exceeds the Letter of Credit Sublimit, then the Borrowers shall pay to the
Administrative Agent an amount in cash equal to such excess and the Administrative Agent shall hold
such payment as security for the Reimbursement Obligations of the Borrowers hereunder in respect of
Letters of Credit; provided, however, that if such excess results solely from fluctuations in the
exchange rates related to any Optional Currencies applicable to any of the Letter of Credit
Obligations, then the Borrowers shall not be obligated to make a cash payment to the Administrative
Agent pursuant to this Section 5.7.3 unless and/or until such Letter of Credit Obligations equal or
exceed 100% of the Letter of Credit Sublimit. At such time as the Letter of Credit Obligations no
longer are equal to or in excess of 100% of the Letter of Credit Sublimit, the Administrative Agent
shall release the cash collateral payment to the Borrowers.

          5.7.4 Application of Prepayments. All prepayments pursuant to this Section 5.7 shall be
applied to reduce the Revolving Credit Loans (without a permanent corresponding Revolving Credit
Commitment reduction unless otherwise provided in this Agreement).

          5.7.5 No Deemed Cure. The payment of any mandatory prepayment as required by this Section
5.7 shall not be deemed to cure any Event of Default caused under another provision of this
Agreement by the same occurrence which gave rise to the mandatory prepayment obligation under this
Section.

     5.8 Increased Costs.

          5.8.1 Increased Costs Generally. If any Change in Law shall:

               (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance
charge or similar requirement against assets of, deposits with or for

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the account of, or credit
extended or participated in by, any Lender (except any reserve requirement reflected in the
Euro-Rate) or the Issuing Lender;

               (ii) subject any Lender or the Issuing Lender to any tax of any kind whatsoever with respect
to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any Loan under
the Euro-Rate Option made by it, or change the basis of taxation of payments to such Lender or the
Issuing Lender in respect thereof (except for Indemnified Taxes or Other Taxes covered by Section
5.9 [Taxes] and the imposition of, or any change in the rate of, any Excluded Tax payable by such
Lender or the Issuing Lender); or

               (iii) impose on any Lender, the Issuing Lender or the London interbank market any other
condition, cost or expense affecting this Agreement or any Loan under the Euro-Rate Option made by
such Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Loan under the Euro-Rate Option (or of maintaining its obligation to make any such
Loan), or to increase the cost to such Lender or the Issuing Lender of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue
any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or
the Issuing Lender hereunder (whether of principal, interest or any other amount) then, upon
request of such Lender or the Issuing Lender, the Borrowers will pay to such Lender or the Issuing
Lender, as the case may be, such additional amount or amounts as will compensate such Lender or the
Issuing Lender, as the case may be, for such additional costs incurred or reduction suffered.

          5.8.2 Capital Requirements. If any Lender or the Issuing Lender determines that any Change
in Law affecting such Lender or the Issuing Lender or any lending office of such Lender or such
Lender’s or the Issuing Lender’s holding company, if any, regarding capital requirements has or
would have the effect of reducing the rate of return on such Lender’s or the Issuing Lender’s
capital or on the capital of such Lender’s or the Issuing Lender’s holding company, if any, as a
consequence of this Agreement, the Commitments of such Lender or the Loans made by, or
participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the
Issuing Lender, to a level below that which such Lender or the Issuing Lender or such Lender’s or
the Issuing Lender’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s or the Issuing Lender’s policies and the policies of such Lender’s or
the Issuing Lender’s holding company with respect to capital adequacy), then from time to time the
Borrowers will pay to such Lender or the Issuing Lender, as the case may be, such additional
amount or amounts as will compensate such Lender or the Issuing Lender or such Lender’s or the
Issuing Lender’s holding company for any such reduction suffered.

          5.8.3 Certificates for Reimbursement; Repayment of Outstanding Loans; Borrowing of New
Loans. A certificate of a Lender or the Issuing Lender setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Lender or its holding company, as the case may
be, as specified in Sections 5.8.1 [Increased Costs Generally] or 5.8.2 [Capital Requirements] and
setting forth in reasonable detail the calculations necessary to determine such amount or amounts,
and delivered to the Borrowers shall be conclusive absent

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manifest error. The Borrowers shall pay
such Lender or the Issuing Lender, as the case may be, the amount shown as due on any such
certificate within ten (10) days after receipt thereof.

          5.8.4 Delay in Requests. Failure or delay on the part of any Lender or the Issuing Lender
to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or
the Issuing Lender’s right to demand such compensation, provided that the Borrowers shall
not be required to compensate a Lender or the Issuing Lender pursuant to this Section for any
increased costs incurred or reductions suffered more than six (6) months prior to the date that
such Lender or the Issuing Lender, as the case may be, notifies the Borrowers of the Change in Law
giving rise to such increased costs or reductions and of such Lender’s or the Issuing Lender’s
intention to claim compensation therefor (except that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the six (6) month period referred to above shall
be extended to include the period of retroactive effect thereof).

     5.9 Taxes.

          5.9.1 Payments Free of Taxes. Any and all payments by or on account of any obligation of
the Borrowers hereunder or under any other Loan Document shall be made free and clear of and
without reduction or withholding for any Indemnified Taxes or Other Taxes; provided that if
the Borrowers shall be required by applicable Law to deduct or withhold any Indemnified Taxes
(including any Other Taxes) from such payments, then (i) the sum payable shall be increased as
necessary so that after making all required deductions and withholdings (including deductions and
withholdings applicable to additional sums payable under this Section) the Administrative Agent,
Lender or Issuing Lender, as the case may be, receives a net payment equal to the amount it would
have received had no such deductions or withholdings been made, (ii) the Borrowers shall make such
deductions and withholdings and (iii) the Borrowers shall timely pay the full amount deducted to
the relevant Official Body in accordance with applicable Law. For the avoidance of doubt,
Borrowers’ obligations hereunder shall apply regardless of whether the Indemnified Taxes or other
Taxes are an obligation of any Borrower or of any Lender. Each Foreign Borrower undertakes to
provide the Administrative Agent, promptly upon request, with such documents as may be reasonably
necessary under any Law or treaty for the availability of any relief from a foreign jurisdiction
withholding or other applicable tax.

          5.9.2 Payment of Other Taxes by the Borrowers. Without limiting the provisions of Section
5.9.1 [Payments Free of Taxes] above, the Borrowers shall timely pay any Other Taxes to the
relevant Official Body in accordance with applicable Law.

          5.9.3 Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative
Agent, each Lender and the Issuing Lender, within ten (10) days after demand therefor, for the full
amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed
or asserted on or attributable to amounts payable under this Section) paid by the Administrative
Agent, such Lender or the Issuing Lender, as the case may be, and any penalties, interest and
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Official Body.
A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender
or the Issuing Lender (with a copy to the

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Administrative Agent), or by the Administrative Agent on
its own behalf or on behalf of a Lender or the Issuing Lender, shall be conclusive absent manifest
error.

          5.9.4 Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes
or Other Taxes by the Borrowers to an Official Body, the Borrowers shall deliver to the
Administrative Agent the original or a certified copy of a receipt issued by such Official Body
evidencing such payment, a copy of the return reporting such payment or other evidence of such
payment reasonably satisfactory to the Administrative Agent.

          5.9.5 Status of Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the Law of the jurisdiction in which any Borrower is resident
for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Loan Document shall deliver to the Borrowers (with a copy to the
Administrative Agent), at the time or times prescribed by applicable Law or reasonably requested by
the Borrowers or the Administrative Agent, such properly completed and executed documentation
prescribed by applicable Law as will permit such payments to be made without withholding or at a
reduced rate of withholding. Notwithstanding the submission of such documentation claiming a
reduced rate of or exemption from U.S. withholding tax, the Administrative Agent shall be entitled
to withhold United States federal income taxes at the full 30% withholding rate if in its
reasonable judgment it is required to do so under the due diligence requirements imposed upon a
withholding agent under § 1.1441-7(b) of the United States Income Tax Regulations. Further, the
Administrative Agent is indemnified under § 1.1461-1(e) of the United States Income Tax Regulations
against any claims and demands of any Lender or assignee or participant of a Lender for the amount
of any tax it deducts and withholds in accordance with regulations under § 1441 of the Internal
Revenue Code. In addition, any Lender, if requested by the Borrowers or the Administrative Agent,
shall deliver such other documentation prescribed by applicable Law or reasonably requested by the
Borrowers or the Administrative Agent as will enable the Borrowers
or the Administrative Agent to determine whether or not such Lender is subject to backup
withholding or information reporting requirements.

Without limiting the generality of the foregoing, in the event that any Borrower is resident for
tax purposes in the United States of America, any Foreign Lender shall deliver to the Borrowers and
the Administrative Agent (in such number of copies as shall be requested by the recipient) on or
prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time
to time thereafter upon the request of the Borrowers or the Administrative Agent, but only if such
Foreign Lender is legally entitled to do so), whichever of the following is applicable:

               (i) two (2) duly completed valid originals of IRS Form W-8BEN claiming eligibility for
benefits of an income tax treaty to which the United States of America is a party,

               (ii) two (2) duly completed valid originals of IRS Form W-8ECI,

               (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under Section 881(c) of the Code, (x) a certificate to the effect

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that such Foreign Lender
is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a
“controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) two (2) duly
completed valid originals of IRS Form W-8BEN,

               (iv) any other form prescribed by applicable Law as a basis for claiming exemption from or a
reduction in United States Federal withholding tax duly completed together with such supplementary
documentation as may be prescribed by applicable Law to permit the Borrowers to determine the
withholding or deduction required to be made, or

               (v) to the extent that any Lender is not a Foreign Lender, such Lender shall submit to the
Administrative Agent two (2) originals of an IRS Form W-9 or any other form prescribed by
applicable Law demonstrating that such Lender is not a Foreign Lender.

If a payment made to a Lender under this Agreement would not be subject (in whole or in part) to
U.S. federal withholding tax imposed by FATCA if such Lender were to comply with the applicable
reporting or disclosure requirements of FATCA (including, but not limited to, those contained in
Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Company
and Administrative Agent, at the time or times prescribed by Law and at such time or times
reasonably requested by the Company or Administrative Agent, such documentation or certifications
prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and
such additional documentation or certifications reasonably requested by the Company or
Administrative Agent as may be necessary for the Company or Administrative Agent to comply with its
obligations to withhold or report under FATCA, to determine that such Lender has complied with such
Lender’s obligations under FATCA, or to determine the amount (if any) to deduct and withhold from
such payment.

          5.9.6 Lenders’ Cooperation in Tax Matters.
Promptly upon request by the Administrative Agent, at the Borrowers’ expense, each of the
Lenders agrees to cooperate in completing any procedural formalities necessary for any Borrower to
obtain authorization to make any payments under this Agreement without any deduction or withholding
for or on account of taxes from a payment under a Loan Document.

Within thirty (30) days after request by any Lender that holds a passport under the HMRC DT Treaty
Passport scheme and which wishes that scheme to apply to this Agreement, the Company shall file a
duly completed form DTTP-2 [Notification of a loan from a Double Taxation Treaty Passport Holder]
in respect of such Lender, with HM Revenue and Customs and shall promptly provide Lender with a
copy of that filing.

     5.10 Indemnity. In addition to the compensation or payments required by Section 5.8
[Increased Costs] or Section 5.9 [Taxes], the Borrowers shall indemnify each Lender against all
liabilities, losses or expenses (including loss of anticipated profits, any foreign exchange losses
and any loss or expense arising from the liquidation or reemployment of funds obtained by it to
maintain such Loan, from fees payable to terminate the deposits from which such funds were obtained
or from the performance of any foreign exchange contract) which such Lender sustains or incurs as a
consequence of any:

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               (i) payment, prepayment, conversion or renewal of any Loan to which a Euro-Rate Option applies
on a day other than the last day of the corresponding Interest Period (whether or not such payment
or prepayment is mandatory, voluntary or automatic and whether or not such payment or prepayment is
then due),

               (ii) attempt by any Borrower to revoke (expressly, by later inconsistent notices or otherwise)
in whole or part any Loan Requests under Section 2.4 [Revolving Credit Loan Requests; Swing Loan
Requests] or Section 4.2 [Interest Periods] or notice relating to prepayments under Section 5.6
[Voluntary Prepayments], or

               (iii) default by any Borrower in the performance or observance of any covenant or condition
contained in this Agreement or any other Loan Document, including any failure of the Borrowers to
pay when due (by acceleration or otherwise) any principal, interest, Commitment Fee or any other
amount due hereunder.

If any Lender sustains or incurs any such loss or expense, it shall from time to time notify the
Borrowers of the amount determined in good faith by such Lender (which determination may include
such assumptions, allocations of costs and expenses and averaging or attribution methods as such
Lender shall deem reasonable) to be necessary to indemnify such Lender for such loss or expense.
Such notice shall set forth in reasonable detail the basis for such determination. Such amount
shall be due and payable by the Borrowers to such Lender ten (10) Business Days after such notice
is given.

     5.11 Settlement Date Procedures. In order to minimize the transfer of funds between the
Lenders and the Administrative Agent, the Borrowers may borrow, repay and reborrow Swing Loans and
PNC may make Swing Loans
as provided in Section 2.1.1.1 [Swing Loan Commitment] hereof during the period between Settlement
Dates. The Administrative Agent shall notify each Lender of its Ratable Share of the total of the
Revolving Credit Loans and the Swing Loans (each a “Required Share”). On such Settlement Date,
each Lender shall pay to the Administrative Agent the amount equal to the difference between its
Required Share and its Revolving Credit Loans, and the Administrative Agent shall pay to each
Lender its Ratable Share of all payments made by the Borrowers to the Administrative Agent with
respect to the Revolving Credit Loans. The Administrative Agent shall also effect settlement in
accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans
and on the dates in which any optional or mandatory prepayments are made hereunder and may at its
option effect settlement on any other Business Day. These settlement procedures are established
solely as a matter of administrative convenience, and nothing contained in this Section 5.11 shall
relieve the Lenders of their obligations to fund Revolving Credit Loans on dates other than a
Settlement Date pursuant to Section 2.1.1.1 [Swing Loan Commitment]. The Administrative Agent may
at any time at its option for any reason whatsoever require each Lender to pay immediately to the
Administrative Agent such Lender’s Ratable Share of the outstanding Revolving Credit Loans and each
Lender may at any time require the Administrative Agent to pay immediately to such Lender its
Ratable Share of all payments made by the Borrowers to the Administrative Agent with respect to the
Revolving Credit Loans.

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6. REPRESENTATIONS AND WARRANTIES

     6.1 Representations and Warranties. The Loan Parties, jointly and severally, represent and
warrant to the Administrative Agent and each of the Lenders as follows:

          6.1.1 Organization and Qualification; Power and Authority; Compliance With Laws; Title to
Properties; Event of Default. Each Loan Party and each Subsidiary of each Loan Party (i) is a
corporation, partnership or limited liability company (or foreign jurisdictional equivalent) duly
organized, validly existing and in good standing (or foreign jurisdictional equivalent) under the
laws of its jurisdiction of organization, (ii) has the lawful power to own or lease its properties
and to engage in the business it presently conducts or proposes to conduct, (iii) is duly licensed
or qualified and in good standing (or foreign jurisdictional equivalent) in each jurisdiction
listed on Schedule 6.1.1 and in all other jurisdictions where the property owned or leased
by it or the nature of the business transacted by it or both makes such licensing or qualification
necessary except where such failure would not reasonably be expected to constitute a Material
Adverse Change, (iv) has full power to enter into, execute, deliver and carry out this Agreement
and the other Loan Documents to which it is a party, to incur the Indebtedness contemplated by the
Loan Documents and to perform its Obligations under the Loan Documents to which it is a party, and
all such actions have been duly authorized by all necessary proceedings on its part, (v) is in
compliance in all material respects with all applicable Laws (other than Environmental Laws which
are specifically addressed in Section 6.1.14 [Environmental Matters]) in all jurisdictions in which
any Loan Party or Subsidiary of any Loan Party is presently or will be doing business except where
the failure to do so would not reasonably be expected to constitute a Material Adverse
Change, and (vi) has good and marketable title to or valid leasehold interest in all properties,
assets and other rights which it purports to own or lease or which are reflected as owned or leased
on its books and records, free and clear of all Liens and encumbrances except Permitted Liens. No
Event of Default or Potential Default exists or is continuing.

          6.1.2 Subsidiaries and Owners; Investment Companies. Schedule 6.1.2 states (i) the
name of each of the Company’s Subsidiaries, its jurisdiction of organization and the amount,
percentage and type of equity interests in such Subsidiary (the “Subsidiary Equity Interests”),
(ii) the name of each holder of an equity interest in the Borrowers, the amount, percentage and
type of such equity interest (the “Borrower Equity Interests”), and (iii) any options, warrants or
other rights outstanding to purchase any such equity interests referred to in clause (i) or (iii)
(collectively the “Equity Interests”). Each of the Borrowers and each Subsidiary of the Borrowers
has good and marketable title to all of the Subsidiary Equity Interests it purports to own, free
and clear in each case of any Lien and all such Subsidiary Equity Interests have been validly
issued, fully paid and nonassessable. None of the Loan Parties or Subsidiaries of any Loan Party
is an “investment company” registered or required to be registered under the Investment Company Act
of 1940 or under the “control” of an “investment company” as such terms are defined in the
Investment Company Act of 1940 and shall not become such an “investment company” or under such
“control”.

          6.1.3 Validity and Binding Effect. This Agreement and each of the other Loan Documents (i)
has been duly and validly executed and delivered by each Loan Party, and (ii) constitutes, or will
constitute, legal, valid and binding obligations of each Loan Party which

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is or will be a party
thereto, enforceable against such Loan Party in accordance with its terms, except as such
enforceability may be limited by any applicable bankruptcy, insolvency, moratorium or similar laws
affecting creditors’ rights generally.

          6.1.4 No Conflict; Material Agreements; Consents. Neither the execution and delivery of
this Agreement or the other Loan Documents by any Loan Party nor the consummation of the
transactions herein or therein contemplated or compliance with the terms and provisions hereof or
thereof by any of them will conflict with, constitute a default under or result in any breach of
(i) the terms and conditions of the certificate of incorporation, bylaws, certificate of limited
partnership, partnership agreement, certificate of formation, limited liability company agreement
or other organizational documents of any Loan Party or (ii) any Law or any material agreement or
instrument or order, writ, judgment, injunction or decree to which any Loan Party or any of its
Subsidiaries is a party or by which it or any of its Subsidiaries is bound or to which it is
subject, or result in the creation or enforcement of any Lien, charge or encumbrance whatsoever
upon any property (now or hereafter acquired) of any Loan Party or any of its Subsidiaries (other
than Liens granted under the Loan Documents). There is no default under such material agreement
(referred to above) and none of the Loan Parties or their Subsidiaries is bound by any contractual
obligation, or subject to any restriction in any organization document, or any requirement of Law
which could reasonably be expected to result in a Material Adverse Change. No consent, approval,
exemption, order or authorization of, or a registration or filing with, any Official Body or any
other Person is required by any Law or any agreement in connection with the execution, delivery and
carrying out of this Agreement and the other Loan Documents.

          6.1.5 Litigation. There are no actions, suits, proceedings or investigations pending or,
to the knowledge of any Loan Party, threatened against such Loan Party or any Subsidiary of such
Loan Party at law or in equity before any Official Body which individually or in the aggregate may
result in any Material Adverse Change. None of the Loan Parties or any Subsidiaries of any Loan
Party is in violation of any order, writ, injunction or any decree of any Official Body which could
reasonably be expected to result in any Material Adverse Change.

          6.1.6 Financial Statements.

               (i) Historical Statements. The Company has delivered to the Administrative Agent
copies of its audited consolidated year-end financial statements for and as of the end of the three
(3) fiscal years ended December 31, 2010 (all such annual statements being collectively referred to
as the “Statements”). The Statements were compiled from the books and records maintained by the
Company’s management, are correct and complete and fairly represent the consolidated financial
condition of the Company and its Subsidiaries as of the respective dates thereof and the results of
operations for the fiscal periods then ended and have been prepared in accordance with GAAP
consistently applied.

     (ii) Accuracy of Financial Statements. Neither the Company nor any Subsidiary of the
Company has any liabilities, contingent or otherwise, or forward or long-term commitments required
to be disclosed under GAAP that are not disclosed in the Statements or in the notes thereto, and
except as disclosed therein there are no unrealized or anticipated losses required to be disclosed
under GAAP from any commitments of the Company or any Subsidiary

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of the Company which could
reasonably be expected to cause a Material Adverse Change. Since December 31, 2010, no Material
Adverse Change has occurred.

          6.1.7 Margin Stock. None of the Loan Parties or any Subsidiaries of any Loan Party engages
or intends to engage principally, or as one of its important activities, in the business of
extending credit for the purpose, immediately, incidentally or ultimately, of purchasing or
carrying margin stock (within the meaning of Regulation U, T or X as promulgated by the Board of
Governors of the Federal Reserve System). No part of the proceeds of any Loan has been or will be
used, immediately, incidentally or ultimately, to purchase or carry any margin stock or to extend
credit to others for the purpose of purchasing or carrying any margin stock or which is
inconsistent with the provisions of the regulations of the Board of Governors of the Federal
Reserve System. None of the Loan Parties or any Subsidiary of any Loan Party holds or intends to
hold margin stock in such amounts that more than 25% of the reasonable value of the assets of any
Loan Party or Subsidiary of any Loan Party are or will be represented by margin stock.

          6.1.8 Full Disclosure. Neither this Agreement nor any other Loan Document, nor any certificate, statement, agreement
or other documents furnished to the Administrative Agent or any Lender in connection herewith or
therewith, contains any untrue statement of a material fact or omits to state a material fact
necessary in order to make the statements contained herein and therein, in light of the
circumstances under which they were made, not misleading. There is no fact known to any Loan Party
which materially adversely affects the business, property, assets, financial condition or results
of operations of any Loan Party or Subsidiary of any Loan Party which has not been set forth in
this Agreement or in the certificates, statements, agreements or other documents furnished in
writing to the Administrative Agent and the Lenders prior to or at the date hereof in connection
with the transactions contemplated hereby.

          6.1.9 Taxes. All federal, state, local and other tax returns required to have been filed
with respect to each Loan Party and each Subsidiary of each Loan Party have been filed, and payment
or adequate provision has been made for the payment of all taxes, fees, assessments and other
governmental charges which have or may become due pursuant to said returns or to assessments
received, except to the extent that such taxes, fees, assessments and other charges are being
contested in good faith by appropriate proceedings diligently conducted and for which such reserves
or other appropriate provisions, if any, as shall be required by GAAP shall have been made.

          6.1.10 Patents, Trademarks, Copyrights, Licenses, Etc. Each Loan Party and each Subsidiary
of each Loan Party owns or possesses all the material patents, trademarks, service marks, trade
names, copyrights, licenses, registrations, franchises, permits and rights necessary to own and
operate its properties and to carry on its business as presently conducted and planned to be
conducted by such Loan Party or Subsidiary, without actual knowledge of (i) possible, (ii) alleged
or (iii) actual conflict with the rights of others.

          6.1.11 Reserved.

          6.1.12 Insurance. The properties of each Loan Party and each of its Subsidiaries are
insured pursuant to policies and other bonds which are valid and in full force and effect and

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which
provide adequate coverage from reputable and financially sound insurers in amounts sufficient to
insure the assets and risks of each such Loan Party and Subsidiary in accordance with prudent
business practice in the industry of such Loan Parties and Subsidiaries.

          6.1.13 ERISA Compliance. (i) Each Plan is in compliance in all material respects with the
applicable provisions of ERISA, the Code and other federal or state Laws. Each Plan that is
intended to qualify under Section 401(a) of the Code has received a favorable determination letter
from the IRS or an application for such a letter is currently being processed by the IRS with
respect thereto and, to the best knowledge of Borrowers, nothing has occurred which would prevent,
or cause the loss of, such
qualification. Borrowers and each ERISA Affiliate have made all required contributions to each
Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of
any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan.

               (ii) No ERISA Event has occurred or is reasonably expected to occur; (a) no Pension Plan has
any unfunded pension liability (i.e. excess of benefit liabilities over the current value of that
Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension
Plan for the applicable plan year); (b) neither the Borrowers nor any ERISA Affiliate has incurred,
or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension
Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (c) neither the
Borrowers nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and
no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in
such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (d)
neither the Borrowers nor any ERISA Affiliate has engaged in a transaction that could be subject to
Sections 4069 or 4212(c) of ERISA.

          6.1.14 Environmental Matters. Each Loan Party is, and to the knowledge of each respective
Loan Party and each of its Subsidiaries is and has been, in compliance with applicable
Environmental Laws except for the matters set forth on Schedule 6.1.14 or which otherwise,
individually or in the aggregate, could not result in a Material Adverse Change. The matters set
forth on Schedule 6.1.14 could not, individually or in the aggregate, result in a Material
Adverse Change.

          6.1.15 Solvency. Before and after giving effect to the initial Loans hereunder, each of
the Loan Parties is Solvent.

          6.1.16 Business and Property of Borrowers. Upon and after the Closing Date, the Borrowers
do not propose to engage in any business other than business which is substantially the same as or
related to (in a commercially reasonable manner) one or more lines of business presently conducted
by the Borrowers. On the Closing Date, each Borrower will own, lease or license all the property
and possess all of the right and consents necessary for the conduct of the business of such
Borrower.

     6.2 Updates to Schedules. Should any of the information or disclosures provided on any of
the Schedules attached hereto become outdated or incorrect in any material respect, the Borrowers
shall promptly provide the Administrative Agent in writing with such revisions or

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updates to such
Schedule as may be necessary or appropriate to update or correct same. No Schedule shall be deemed
to have been amended, modified or superseded by any such correction or update, nor shall any breach
of warranty or representation resulting from the inaccuracy or incompleteness of any such Schedule
be deemed to have been cured thereby, unless and until the Required Lenders, in their sole and
absolute discretion, shall have accepted in writing such revisions or updates to such Schedule;
provided however, that the Borrowers may update Schedules 6.1.1 and 6.1.2 without any Lender
approval in connection with any transaction permitted under Sections 8.2.6 [Merger, Consolidation,
and Acquisition of Assets] and 8.2.9 [Subsidiaries, Partnerships and Joint Ventures].

     7. CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT

The obligation of each Lender to make Loans and of the Issuing Lender to issue Letters of Credit
hereunder is subject to the performance by each of the Loan Parties of its Obligations to be
performed hereunder at or prior to the making of any such Loans or issuance of such Letters of
Credit and to the satisfaction of the following further conditions:

     7.1 First Loans and Letters of Credit.

          7.1.1 Deliveries. On the Closing Date, the Administrative Agent shall have received each
of the following in form and substance satisfactory to the Administrative Agent:

               (i) A certificate of each of the Loan Parties signed by an Authorized Officer, dated the
Closing Date stating that (a) all representations and warranties of the Loan Parties set forth in
this Agreement are true and correct in all material respects, (b) the Loan Parties are in
compliance with each of the covenants and conditions hereunder, (c) no Event of Default or
Potential Default exists, (d) no Material Adverse Change has occurred since the date of the last
audited financial statements of the Borrowers delivered to the Administrative Agent, and (e) there
is no litigation or proceedings of which it is aware before any courts, arbitrators or governmental
or regulatory agencies affecting the Company or any of its Subsidiaries which could reasonably be
expected to result in a Material Adverse Change;

               (ii) A certificate dated the Closing Date and signed by the Secretary or an Assistant
Secretary of each of the Loan Parties, certifying as appropriate as to: (a) all action taken by
each Loan Party in connection with this Agreement and the other Loan Documents; (b) the names of
the Authorized Officers authorized to sign the Loan Documents and their true signatures; and (c)
copies of its organizational documents as in effect on the Closing Date certified by the
appropriate state or foreign jurisdiction official where such documents are filed in the
appropriate state or foreign jurisdiction office together with certificates from the appropriate
state or foreign jurisdiction officials as to the continued existence and good standing (or foreign
jurisdiction equivalent, if any) of each Loan Party in each state where organized or qualified to
do business;

               (iii) This Agreement and each of the other Loan Documents signed by an Authorized Officer;

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               (iv) Written opinions of counsel for each of the Borrowers, dated the Closing Date and as to
the matters set forth in Schedule 7.1.1, and each in form and substance acceptable to the
Administrative Agent and the Lenders;

               (v) Evidence that adequate insurance required to be maintained under this Agreement is in full
force and effect;

               (vi) A duly completed Compliance Certificate as of the last day of the fiscal quarter of the
Company most recently ended prior to the Closing Date, signed by an Authorized Officer of the
Company;

               (vii) A Lien search in acceptable scope and with acceptable results;

               (viii) All material consents required to effectuate the transactions contemplated hereby;

               (ix) Evidence that the Amended and Restated Revolving Credit and Security Agreement, dated May
5, 2005, by and among the Company, CXT Incorporated, Foster Thomas Company, the lenders party
thereto and PNC, as agent for the lenders thereunder, (as the same was amended, restated,
supplemented or modified from time to time), has been terminated, and all outstanding obligations
thereunder have been paid and all Liens securing such obligations have been released; and

               (x) Such other documents in connection with such transactions as the Administrative Agent or
said counsel may reasonably request, including all information required under applicable
“Know-Your-Customer” and anti-money laundering rules and regulations, including the U.S. PATRIOT
Act.

          7.1.2 Payment of Fees. The Borrowers shall have paid all fees payable on or before the
Closing Date as required by this Agreement, the Administrative Agent’s Letter or any other Loan
Document.

     7.2 Each Loan or Letter of Credit. At the time of making any Loans or issuing, extending
or increasing any Letters of Credit and after giving effect to the proposed extensions of credit:
(i) all representations, warranties of the Loan Parties shall then be true and correct (or to the
extent that such representation and warranties refer to an earlier date, as of such earlier date),
(ii) no Event of Default or Potential Default shall have occurred and be continuing, (iii) the
making of the Loans or issuance, extension or increase of such Letter of Credit shall not
contravene any Law applicable to any Loan Party or Subsidiary of any Loan Party or any of the
Lenders, and (iv) the Borrowers shall have delivered to the Administrative Agent a duly executed
and completed Loan Request or to the Issuing Lender an application for a Letter of Credit, as the
case may be.

8. COVENANTS

     The Loan Parties, jointly and severally, covenant and agree that until Payment In Full, the
Loan Parties shall comply at all times with the following covenants:

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     8.1 Affirmative Covenants.

          8.1.1 Preservation of Existence, Etc. Each Loan Party shall, and shall cause each of its Subsidiaries to, maintain its legal
existence as a corporation, limited partnership or limited liability company (or foreign
equivalent) and its license or qualification and good standing (or foreign equivalent) in each
jurisdiction in which its ownership or lease of property or the nature of its business makes such
license or qualification necessary, except as otherwise expressly permitted in Section 8.2.6
[Merger, Consolidation, and Acquisition of Assets].

          8.1.2 Payment of Liabilities, Including Taxes, Etc. Each Loan Party shall, and shall cause
each of its Subsidiaries to, duly pay and discharge all liabilities to which it is subject or which
are asserted against it, promptly as and when the same shall become due and payable (subject, where
applicable, to specified grace periods and, in the case of trade payables, to normal payment
practices) except where such failure could not reasonably be expected to result in a Material
Adverse Change or where such liabilities are being contested in good faith and by appropriate and
lawful proceedings diligently conducted and for which such reserve or other appropriate provisions,
if any, as shall be required by GAAP shall have been made. Each Loan Party shall, and shall cause
each of its Subsidiaries to duly pay and discharge, including all taxes, assessments and
governmental charges upon it or any of its properties, assets, income or profits, prior to the date
on which penalties attach thereto, except to the extent that such liabilities, including taxes,
assessments or charges, are being contested in good faith and by appropriate and lawful proceedings
diligently conducted and for which such reserve or other appropriate provisions, if any, as shall
be required by GAAP shall have been made.

          8.1.3 Maintenance of Insurance. Each Loan Party shall, and shall cause each of its
Subsidiaries to, maintain insurance with responsible companies in such amounts and against such
risks as is usually carried by companies of established repute engaged in the same or similar
businesses, owning similar properties and located in the same general areas as the Company and its
Subsidiaries.

          8.1.4 Maintenance of Properties and Leases. Each Loan Party shall, and shall cause each of
its Subsidiaries to, maintain in good repair, working order and condition (ordinary wear and tear
excepted) in accordance with the general practice of other businesses of similar product line,
character and size, all of those properties useful or necessary to its business, and from time to
time, such Loan Party will make or cause to be made all appropriate repairs, renewals or
replacements thereof.

          8.1.5 Visitation Rights. Each Loan Party shall, and shall cause each of its Subsidiaries
to, permit any of the officers or authorized employees or representatives of the Administrative
Agent and, in the case that an Event of Default has occurred and is continuing, any of the Lenders
to visit and inspect any of its properties and to examine and make excerpts from its books and
records and discuss its business affairs, finances and accounts with its officers, all in such
detail and at such times and as often as any of the Lenders may reasonably request,
provided that each Lender shall provide the Borrowers and the Administrative Agent with
reasonable notice prior to any visit or inspection.
In the event any Lender desires to conduct an audit of any Loan Party, such Lender shall make a
reasonable effort to conduct such audit contemporaneously with any audit to be performed by the
Administrative Agent.

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          8.1.6 Keeping of Records and Books of Account. The Borrowers shall, and shall cause each
Subsidiary of each Borrower to, maintain and keep proper books of record and account which enable
the Company and its Subsidiaries to issue financial statements in accordance with GAAP and as
otherwise required by applicable Laws of any Official Body having jurisdiction over the Borrowers
or any Subsidiary of the Borrowers, and in which full, true and correct entries shall be made in
all material respects of all its dealings and business and financial affairs.

          8.1.7 Compliance with Laws; Use of Proceeds. Each Loan Party shall, and shall cause each
of its Subsidiaries to, comply with all applicable Laws, including all Environmental Laws, in all
respects; provided that it shall not be deemed to be a violation of this Section 8.1.7 if
any failure to comply with any Law would not result in fines, penalties, remediation costs, other
similar liabilities or injunctive relief which in the aggregate would reasonably be expected to
constitute a Material Adverse Change. The Loan Parties will use the Letters of Credit and the
proceeds of the Loans only in accordance with Section 2.7 [Use of Proceeds] and as permitted by
applicable Law.

          8.1.8 Anti-Terrorism Laws. None of the Loan Parties is or shall be (i) a Person with whom
any Lender is restricted from doing business under Executive Order No. 13224 or any other
Anti-Terrorism Law, (ii) engaged in any business involved in making or receiving any contribution
of funds, goods or services to or for the benefit of such a Person or in any transaction that
evades or avoids, or has the purpose of evading or avoiding, the prohibitions set forth in any
Anti-Terrorism Law, or (iii) otherwise in violation of any Anti-Terrorism Law. The Loan Parties
shall provide to the Lenders any certifications or information that a Lender requests to confirm
compliance by the Loan Parties with Anti-Terrorism Laws.

     8.2 Negative Covenants.

          8.2.1 Indebtedness. Each of the Loan Parties shall not, and shall not permit any of its
Subsidiaries to, at any time create, incur, assume or suffer to exist any Indebtedness, except:

               (i) Indebtedness under the Loan Documents;

               (ii) Existing Indebtedness as set forth on Schedule 8.2.1 (including any extensions or
renewals or replacement financing thereof; provided there is no increase in the amount
thereof or other significant change in the terms thereof unless otherwise specified on Schedule
8.2.1;

               (iii) Indebtedness incurred with respect to Purchase Money Security Interests, capitalized
leases and other Indebtedness; provided that the aggregate amount of all such Indebtedness
shall not exceed $20,000,000 in the aggregate at any one time outstanding;

               (iv) Indebtedness of a Loan Party to another Loan Party which is subordinated pursuant to the
Intercompany Subordination Agreement;

               (v) Any (i) Lender Provided Interest Rate Hedge, (ii) other Interest Rate Hedge, approved by
the Administrative Agent or (iii) Indebtedness under any Other Lender

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Provided Financial Services
Product; provided however, the Loan Parties and their Subsidiaries shall enter into a Lender
Provided Interest Rate Hedge or another Interest Rate Hedge only for hedging (rather than
speculative) purposes; and

               (vi) Other Indebtedness denominated in a foreign currency that is not an Optional Currency or
Indebtedness in a foreign currency incurred by the Borrowers in the event the Lenders decline to
make an Optional Currency Loan pursuant to Section 2.1.3 [Optional Currency Sublimit] hereof
(collectively, the “Other Foreign Currency Indebtedness”), provided that all such Other
Foreign Currency Indebtedness shall not exceed the Optional Currency Loan Sublimit minus the
aggregate amount of the Optional Currency Loans outstanding at any one time.

          8.2.2 Liens; Lien Covenants. Each of the Loan Parties shall not, and shall not permit any
of its Subsidiaries to (a) at any time create, incur, assume or suffer to exist any Lien on any of
its property or assets, tangible or intangible, now owned or hereafter acquired, or agree or become
liable to do so, except Permitted Liens; or (b) enter into or suffer to exist any agreement with
any Person which prohibits or limits the ability of any Borrower to create, incur, assume or suffer
to exist any Lien upon or with respect to any property or assets of any kind, real or personal,
tangible or intangible, now owned or hereafter acquired (including, without limitation Equipment,
Investment Property and Real Property), other than (i) such agreements in favor of the
Administrative Agent or the Lenders, and (ii) capital leases and purchase money financing
agreements which restrict Liens on the tangible personal property financed by such agreements, and
other financing agreements entered into as permitted under Section 8.2.1(iii) which restrict Liens
on assets, provided that such restrictions on Liens relating to assets located in the United States
shall be limited to fixed assets; provided further that all assets subject to the restrictions in
this Section 8.2.2(ii) shall have a fair market value of not more than $25,000,000 in the aggregate
(which amount excludes the value of any assets subject to Liens relating to Other Foreign Currency
Indebtedness financings permitted pursuant to Section 8.2.1(vi) [Indebtedness]).

          8.2.3 Guaranties. Except as set forth on Schedule 8.2.3 or as otherwise permitted under
this Agreement, each of the Loan Parties shall not, and shall not permit any of its Subsidiaries
to, at any time, directly or indirectly, become or be liable in respect of any Guaranty, or assume,
guarantee, become surety for, endorse or otherwise agree, become or remain directly or contingently
liable upon or with respect to any obligation or liability in excess of $5,000,000 in the aggregate
of all other Persons,
except for Guaranties of Indebtedness of the Loan Parties and their Subsidiaries permitted
hereunder; provided that any Loan Party may provide performance guaranties to third parties in the
ordinary course of business with respect to contractual obligations of another Loan Party.

          8.2.4 Loans and Investments. Each of the Loan Parties shall not, and shall not permit any
of its Subsidiaries to, at any time make or suffer to remain outstanding any loan or advance to, or
purchase, acquire or own any stock, bonds, notes or securities of, or any partnership interest
(whether general or limited) or limited liability company interest in, or any other investment or
interest in, or make any capital contribution to, any other Person, or agree, become or remain
liable to do any of the foregoing, except:

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               (i) loans and investments existing on the Closing Date as set forth on Schedule 8.2.4;

               (ii) trade credit extended on usual and customary terms in the ordinary course of business;

               (iii) advances to employees to meet expenses incurred by such employees in the ordinary course
of business;

               (iv) Permitted Investments and Permitted Acquisitions;

               (v) loans, advances and investments in other Loan Parties;

               (vi) investments not in excess of $1,000,000 at any one time in the stock of Customers in
settlement of accounts receivable and related obligations which are delinquent or in default by
such Customers;

               (vii) equity investments in other corporations not in excess of ten percent (10%) of the
aggregate ownership interests of any such corporation, provided that prior to and after giving
effect to any such investment the aggregate amount of all such investments then existing (excluding
the investments set forth on Schedule 8.2.4) plus the amount of all investments in Joint Ventures
permitted under Section 8.2.9(b) do not exceed $10,000,000 in the aggregate at any one time; and

               (viii) other loans, advances and investments in Persons which are not Loan Parties,
provided that the aggregate amount of such loans, advances and investments (after giving
effect to any repayment of a loan or return of capital on investments) then existing (excluding the
loans, advances and investments set forth on Schedule 8.2.4) shall not exceed $20,000,000 in the
aggregate at any one time.

Notwithstanding the foregoing, the dollar limitations set forth in subsections (v) and (vi) above
shall not apply at such time as there are no Loans outstanding under this Agreement; provided that
the amount of investments in excess of the dollar limitations set forth in such subsections,
combined with the amounts in excess of the dollar limitations set forth in Section 8.2.5
[Dividends and Related Distributions] and Section 8.2.9 [Subsidiaries, Partnerships and Joint
Ventures], shall not in the aggregate exceed $75,000,000.

          8.2.5 Dividends and Related Distributions. Each of the Loan Parties shall not, and shall
not permit any of its Subsidiaries to, declare, pay or make any dividend or distribution on any
shares of the common stock or preferred stock of any Borrower (other than dividends or
distributions payable in its stock, or split-ups or reclassifications of its stock) or apply any of
its funds, property or assets to the purchase, redemption or other retirement of any common or
preferred stock, or of any options to purchase or acquire any such shares of common or preferred
stock of any Borrower except that (a) the Borrowers shall be permitted to pay dividends and
distributions to other Borrowers, and (b) the Company shall be permitted to pay dividends and
distributions and make redemptions with respect to its stock so long as prior to and after giving
effect to such dividend, distribution or redemption (and treating such dividend, distribution or
redemption as having occurred at the beginning of the fiscal period in which it is made): (i) no

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Event of Default or Potential Default shall have occurred, and (ii) the aggregate amount of
dividends, distributions and redemptions does not exceed $15,000,000 in any fiscal year of the
Company. Notwithstanding the foregoing, the dollar limitation set forth above shall not apply at
such times as there are no Loans outstanding under this Agreement prior to or after giving effect
to such dividend or distribution; provided that the amounts of dividends, distributions and
redemptions in excess of such dollar limitation, combined with the amounts in excess of the dollar
limitations set forth in Section 8.2.4 [Loans and Investments] and Section 8.2.9 [Subsidiaries,
Partnerships and Joint Ventures], shall not in the aggregate exceed $75,000,000.

          8.2.6 Merger, Consolidation, and Acquisition of Assets. Each of the Loan Parties shall
not, and shall not permit any of its Subsidiaries to enter into any merger, consolidation or other
reorganization with or into any other Person or acquire all or substantially all of the assets,
division, business, stock or other ownership interests of any Person or permit any other Person to
consolidate with or merge with it; provided however, (x) the Loan Parties and their Subsidiaries
may purchase or acquire assets or stock as permitted under Section 8.2.4(viii) and (y) the Loan
Parties may purchase or acquire the assets or stock of any Person (a “Permitted Acquisition”) if
all of the following requirements are met in connection with such acquisition:

                    (a) if a Loan Party is acquiring the ownership interests in such Person, then such Person,
subject to the provisions of Section 12.15 hereof, shall join this Agreement as a Borrower or
become a Guarantor for the Obligations as determined by the Administrative Agent;

                    (b) the board of directors or other equivalent governing body of such Person shall have
approved such Permitted Acquisition;

                    (c) the business acquired, or the business conducted by the Person whose ownership interests
are being acquired, as applicable, shall be substantially the
same as or related to (in a commercially reasonable manner) one or more line or lines of
business conducted by the Borrowers;

                    (d) no Potential Default or Event of Default shall exist immediately prior to and after giving
effect to such Permitted Acquisition; and

                    (e) prior to and after giving effect to such Permitted Acquisition (including the payment of
any prospective portion of the purchase price or earn-outs), the Borrowers shall (i) have a
Leverage Ratio, calculated on a pro forma basis for the most recent 12 months and giving effect to
such Permitted Acquisition, of not more than 2.50 to 1.00, and (ii) have the ability to borrow an
additional $15,000,000 under this Agreement calculated after taking into account the Loans incurred
in connection with such Permitted Acquisition, and the Company shall demonstrate compliance with
this subsection (e) by delivering at least five (5) Business Days prior to such Permitted
Acquisition a certificate in the form of Exhibit 8.2.6 (each, an “Acquisition Compliance
Certificate”) evidencing compliance with such Leverage Ratio covenant on a pro forma basis and
certifying as to such undrawn availability.

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          8.2.7 Dispositions of Assets or Subsidiaries. Each of the Loan Parties shall not, and
shall not permit any of its Subsidiaries to, sell, convey, assign, lease, abandon or otherwise
transfer or dispose of, voluntarily or involuntarily, any of its properties or assets, tangible or
intangible (including sale, assignment, discount or other disposition of accounts, contract rights,
chattel paper, equipment or general intangibles with or without recourse or of capital stock,
shares of beneficial interest, partnership interests or limited liability company interests of a
Subsidiary of such Loan Party), except:

               (i) transactions involving the sale or lease of inventory in the ordinary course of business;

               (ii) any sale, transfer or lease of assets in the ordinary course of business which are no
longer necessary or required or useful in the conduct of such Loan Party’s or such Subsidiary’s
business;

               (iii) any sale, transfer or lease of assets by any wholly owned Subsidiary of such Loan Party
to another Loan Party;

               (iv) any sale, transfer, lease or other disposition of ownership interest or assets not in
excess of $10,000,000 in any fiscal year of the Company; or

               (v) any sale, transfer or lease of assets, other than those specifically excepted pursuant to
clauses (i) through (iv) above, which is approved by the Required Lenders.

          8.2.8 Affiliate Transactions. Each of the Loan Parties shall not, and shall not permit any
of its Subsidiaries to, directly or indirectly, purchase, acquire or lease any property from, or
sell, transfer or lease any property to, or otherwise deal with, any Affiliate (other than a
Borrower), except transactions in the ordinary
course of business, on an arm’s-length basis on terms no less favorable than terms which would have
been obtainable from a Person other than an Affiliate.

          8.2.9 Subsidiaries, Partnerships and Joint Ventures. Except as set forth on Schedule
8.2.9, each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to:

                    (a) own or create directly or indirectly any Subsidiaries unless such Subsidiary takes all
action required under Section 12.15 hereof, if any, to join this Agreement as a Borrower or
Guarantor pursuant to the requirements set forth in Article 11 [Guaranty] hereof, and the Loan
Parties deliver to the Administrative Agent all documents in the forms described in Section 7.1
[First Loans] modified as appropriate; and

                    (b) enter into any Joint Venture or similar arrangement; provided that the Loan
Parties may enter into a Joint Venture so long as the amount of loans, investments or contributions
made by the Loan Parties therein (excluding loans, investments or contributions set forth on
Schedule 8.2.9) plus the amount of all equity investments permitted under Section 8.2.4(vii) do not
exceed $10,000,000 in the aggregate at any one time.

Notwithstanding the foregoing, (i) the dollar limitation set forth in subsections 8.2.9(b) above
shall not apply at such time as there are no Loans outstanding under this Agreement, provided

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that
the amounts loaned, invested or contributed by the Loan Parties in excess of such dollar
limitation, combined with the amounts in excess of the dollar limitations set forth in Section
8.2.4 [Loans and Investments] and Section 8.2.5 [Dividends and Related Distributions], shall not in
the aggregate exceed $75,000,000, and (ii) Coal Train Holdings shall not be required to join this
Agreement as a Borrower nor provide the documents referenced above so long as the Borrowers do not
contribute in the aggregate more than $1,000,000 to Coal Train Holdings.

          8.2.10 Continuation of or Change in Business. Each of the Loan Parties shall not, and
shall not permit any of its Subsidiaries to, substantially change the nature of the business in
which it is presently engaged (or businesses reasonably related thereto), nor except as
specifically permitted hereby (including Section 8.2.6 [Merger, Consolidation, and Acquisition of
Assets]) purchase or invest, directly or indirectly, in any assets or property other than in the
ordinary course of business or assets or property which are to be used in its business as presently
conducted or businesses reasonably related thereto.

          8.2.11 Fiscal Year. Each of the Borrowers shall not, and shall not permit any Subsidiary
of such Borrower to, change its fiscal year from calendar year or make any significant change (a)
in accounting treatment and reporting practices except as required or permitted by GAAP or (b) in
tax reporting treatment except as required by law.

          8.2.12 Changes in Organizational Documents.
Each of the Loan Parties shall not amend in any respect its certificate of incorporation
(including any provisions or resolutions relating to capital stock), by-laws, certificate of
limited partnership, partnership agreement, certificate of formation, limited liability company
agreement or other organizational documents without providing at least ten (10) calendar days’
prior written notice to the Administrative Agent and the Lenders and, in the event such change
would be adverse to the Lenders as determined by the Administrative Agent in its sole discretion,
obtaining the prior written consent of the Required Lenders.

          8.2.13 Maximum Leverage Ratio. The Loan Parties shall not at any time permit the Leverage
Ratio of the Company and its Subsidiaries, calculated at the end of each fiscal quarter of the
Company for the four fiscal quarters then ended, to exceed 3.00 to 1.00, calculated at the end of
each fiscal quarter of the Company.

          8.2.14 Minimum Interest Coverage Ratio. The Loan Parties shall not permit the Interest
Coverage Ratio of the Company and its Subsidiaries to be less than 3.00 to 1.00.

     8.3 Reporting Requirements. The Loan Parties will furnish or cause to be furnished to the
Administrative Agent and each of the Lenders:

          8.3.1 Quarterly Financial Statements. As soon as available and in any event within
forty-five (45) calendar days after the end of each of the first three fiscal quarters in each
fiscal year, a copy of the Company’s Quarterly Report on Form 10-Q as filed with the Securities and
Exchange Commission and the financial statements of the Company and its Subsidiaries, consisting of
a consolidated balance sheet as of the end of such fiscal quarter and related consolidated
statements of income and cash flows for the fiscal quarter then ended and the fiscal year through
that date, all in reasonable detail and certified (subject to normal year-end audit

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adjustments) by
the Chief Executive Officer, President, Chief or Deputy Chief Financial Officer, Treasurer or
Assistant Treasurer of the Company as having been prepared in accordance with GAAP, consistently
applied, and setting forth in comparative form the respective financial statements for the
corresponding date and period in the previous fiscal year.

          8.3.2 Annual Financial Statements. As soon as available and in any event within ninety
(90) days after the end of each fiscal year of the Company, a copy of the Company’s Annual Report
on Form 10-K as filed with the Securities and Exchange Commission and the financial statements of
the Company and its Subsidiaries consisting of a consolidated balance sheet as of the end of such
fiscal year, and related consolidated statements of income, stockholders’ equity and cash flows for
the fiscal year then ended, all in reasonable detail and setting forth in comparative form the
financial statements as of the end of and for the preceding fiscal year, and certified by
independent certified public
accountants of nationally recognized standing satisfactory to the Administrative Agent. The
certificate or report of accountants shall be free of qualifications (other than any consistency
qualification that may result from a change in the method used to prepare the financial statements
as to which such accountants concur) and shall not indicate the occurrence or existence of any
event, condition or contingency which would materially impair the prospect of payment or
performance of any covenant, agreement or duty of any Loan Party under any of the Loan Documents.

          8.3.3 Certificate of the Company. Concurrently with the financial statements of the
Company furnished to the Administrative Agent and to the Lenders pursuant to Sections 8.3.1
[Quarterly Financial Statements] and 8.3.2 [Annual Financial Statements], a certificate (each a
“Compliance Certificate”) of the Company signed by a Senior Officer of the Company in the form of
Exhibit 8.3.3.

          8.3.4 Notices.

               8.3.4.1 Default. Promptly after any officer of any Loan Party has learned of the
occurrence of an Event of Default or Potential Default, a certificate signed by an Authorized
Officer setting forth the details of such Event of Default or Potential Default and the action
which such Loan Party proposes to take with respect thereto.

               8.3.4.2 Litigation. Promptly after the commencement thereof, notice of all actions,
suits, proceedings or investigations before or by any Official Body or any other Person against any
Loan Party or Subsidiary of any Loan Party which involve a claim or series of claims in excess of
$10,000,000 or which would reasonably be expected to constitute a Material Adverse Change.

               8.3.4.3 Organizational Documents. Within the time limits set forth in Section 8.2.12
[Changes in Organizational Documents], any amendment to the organizational documents of any Loan
Party.

               8.3.4.4 Erroneous Financial Information. Immediately in the event that the Company or
its accountants conclude or advise that any previously issued financial statement, audit report or
interim review should no longer be relied upon or that disclosure should be made or action should
be taken to prevent future reliance.

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               8.3.4.5 ERISA Event. Immediately upon the occurrence of any ERISA Event.

               8.3.4.6 Environmental Matters. Promptly after any officer of any Loan Party has
learned of an environmental matter which would constitute a Material Adverse Change and the action
which such Loan Party proposes to take with respect thereto.

               8.3.4.7 Registration Statements. Promptly upon the filing thereof, copies of all
registration statements (other than any registration statements on Form S-8 or its equivalent) and
any report which the Company shall have filed with the Securities and Exchange Commission.

               8.3.4.8 Other Reports. Promptly upon their becoming available to the Borrowers:

               (i) Annual Budget. The annual budget and any forecasts or projections of the Company,
to be supplied not later than January 31st of each year to which any of the foregoing may be
applicable,

               (ii) Management Letters. Any reports including management letters submitted to the
Company by independent accountants in connection with any annual, interim or special audit, and

               (iii) Other Information. Such other reports and information as any of the Lenders may
from time to time reasonably request.

9. DEFAULT

     9.1 Events of Default. An Event of Default shall mean the occurrence or existence of any
one or more of the following events or conditions (whatever the reason therefor and whether
voluntary, involuntary or effected by operation of Law):

          9.1.1 Payments Under Loan Documents. The Borrowers shall fail to pay (i) any principal of
any Loan (including scheduled installments, mandatory prepayments or the payment due at maturity),
Reimbursement Obligation or Letter of Credit Obligation on the date on which such principal becomes
due in accordance with the terms hereof or thereof, or (ii) any interest on any Loan, Reimbursement
Obligation or Letter of Credit Obligation or any other amount owing hereunder or under the other
Loan Documents on the date on which such interest or other amount becomes due in accordance with
the terms hereof or thereof and such default shall continue unremedied for a period of three (3)
days after such default;

          9.1.2 Breach of Warranty. Any representation or warranty made at any time by any of the
Loan Parties herein or by any of the Loan Parties in any other Loan Document, or in any
certificate, other instrument or statement furnished pursuant to the provisions hereof or thereof,
shall prove to have been false or misleading in any material respect as of the time it was made or
furnished;

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          9.1.3 Breach of Negative Covenants or Visitation Rights. Any of the Loan Parties shall
default in the observance or performance of any covenant contained in Section 8.1.5 [Visitation
Rights] or Section 8.2 [Negative Covenants];

          9.1.4 Breach of Other Covenants.
Any of the Loan Parties shall default in the observance or performance of any other covenant,
condition or provision hereof or of any other Loan Document and such default shall continue
unremedied for a period of ten (10) Business Days;

          9.1.5 Defaults in Other Agreements or Indebtedness. A default or event of default shall
occur at any time under the terms of any other agreement involving borrowed money or the extension
of credit or any other Indebtedness under which any Loan Party or Subsidiary of any Loan Party may
be obligated as a borrower or guarantor in excess of $5,000,000 in the aggregate, and such breach,
default or event of default consists of the failure to pay (beyond any period of grace permitted
with respect thereto, whether waived or not) any Indebtedness when due (whether at stated maturity,
by acceleration or otherwise) or if such breach or default permits or causes the acceleration of
any Indebtedness (whether or not such right shall have been waived) or the termination of any
commitment to lend;

          9.1.6 Final Judgments or Orders. Any final judgments or orders for the payment of money in
excess of $5,000,000 in the aggregate shall be entered against any Loan Party by a court having
jurisdiction in the premises, which judgment is not discharged, vacated, bonded or stayed pending
appeal within a period of thirty (30) days from the date of entry;

          9.1.7 Loan Document Unenforceable. Any of the Loan Documents shall cease to be legal,
valid and binding agreements enforceable against the party executing the same or such party’s
successors and assigns (as permitted under the Loan Documents) in accordance with the respective
terms thereof or shall in any way be terminated (except in accordance with its terms) or become or
be declared ineffective or inoperative or shall in any way be challenged or contested or cease to
give or provide the respective Liens, security interests, rights, titles, interests, remedies,
powers or privileges intended to be created thereby;

          9.1.8 Events Relating to Plans and Benefit Arrangements. (i) An ERISA Event occurs with
respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected
to result in liability of any Borrower under Title IV of ERISA to the Pension Plan, Multiemployer
Plan or the PBGC in an aggregate amount in excess of $5,000,000 or (ii) any Borrower or any ERISA
Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount in excess of $5,000,000;

          9.1.9 Change of Control. (i) Any person or group of persons (within the meaning of Sections
13(d) or 14(a) of the Securities Exchange Act of 1934, as amended) shall have acquired beneficial
ownership of (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange
Commission under said Act) 25% or more of the voting capital stock of the Company; (ii) the Company
shall cease to own, directly or indirectly, all of the ownership interests of each Borrower except for
such reduction in interest as permitted in Section 8.2.7(iv)

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[Dispositions of Assets or
Subsidiaries] hereof; or (iii) within a period of twelve (12) consecutive calendar months,
individuals who were directors of the Company on the first day of such period shall cease to
constitute a majority of the board of directors of the Company; provided however, that persons who
replace directors of the Company who cease to be directors as a result of death, disability or
personal reasons unrelated to the business of the Company shall be deemed to have been directors of
the Company at all times during the relevant twelve (12) month period.

          9.1.10 Relief Proceedings. (i) A Relief Proceeding shall have been instituted against any
Loan Party or Subsidiary of a Loan Party and such Relief Proceeding shall remain undismissed or
unstayed and in effect for a period of forty-five (45) consecutive days or such court shall enter a
decree or order granting any of the relief sought in such Relief Proceeding, (ii) any Loan Party or
Subsidiary of a Loan Party institutes, or takes any action in furtherance of, a Relief Proceeding,
or (iii) any Loan Party or any Subsidiary of a Loan Party ceases to be Solvent or admits in writing
its inability to pay its debts as they mature.

     9.2 Consequences of Event of Default.

          9.2.1 Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings.
If an Event of Default specified under Sections 9.1.1 through 9.1.9 shall occur and be continuing,
the Lenders and the Administrative Agent shall be under no further obligation to make Loans and the
Issuing Lender shall be under no obligation to issue Letters of Credit and the Administrative Agent
may, and upon the request of the Required Lenders, shall (i) by written notice to the Borrowers,
declare the unpaid principal amount of the Notes then outstanding and all interest accrued thereon,
any unpaid fees and all other Indebtedness of the Borrowers to the Lenders hereunder and thereunder
to be forthwith due and payable, and the same shall thereupon become and be immediately due and
payable to the Administrative Agent for the benefit of each Lender without presentment, demand,
protest or any other notice of any kind, all of which are hereby expressly waived, and (ii)
terminate any Letter of Credit that may be terminated in accordance with its terms and/or require
the Borrowers to, and the Borrowers shall thereupon, deposit in a non-interest-bearing account with
the Administrative Agent, as cash collateral for its Obligations under the Loan Documents, an
amount equal to the maximum amount currently or at any time thereafter available to be drawn on all
outstanding Letters of Credit, and the Borrowers hereby pledge to the Administrative Agent and the
Lenders, and grants to the Administrative Agent and the Lenders a security interest in, all such
cash as security for such Obligations; and

          9.2.2 Bankruptcy, Insolvency or Reorganization Proceedings. If an Event of Default
specified under Section 9.1.10 [Relief Proceedings] shall occur, the Lenders shall be under no
further obligations to make Loans hereunder and the Issuing Lender shall be under no obligation to
issue Letters of Credit and the unpaid principal amount of the Loans then outstanding and all
interest accrued thereon and any Unpaid Drawings, any unpaid
fees and all other Indebtedness of the Borrowers to the Lenders hereunder and thereunder shall be
immediately due and payable, without presentment, demand, protest or notice of any kind, all of
which are hereby expressly waived, and the Borrowers shall immediately deposit in a
non-interest-bearing account with the Administrative Agent, as cash collateral for its Obligations
under the Loan Documents, an amount equal to the maximum amount currently or at any time thereafter
available to be drawn on all outstanding Letters of Credit, and the Borrowers hereby

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pledges to the
Administrative Agent and the Lenders, and grants to the Administrative Agent and the Lenders a
security interest in, all such cash as security for such Obligations; and

          9.2.3 Set-off. If an Event of Default shall have occurred and be continuing, each Lender,
the Issuing Lender, and each of their respective Affiliates and any participant of such Lender or
Affiliate which has agreed in writing to be bound by the provisions of Section 5.3 [Sharing of
Payments] is hereby authorized at any time and from time to time, to the fullest extent permitted
by applicable Law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever
currency) at any time owing by such Lender, the Issuing Lender or any such Affiliate or participant
to or for the credit or the account of any Loan Party against any and all of the Obligations of
such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such
Lender, the Issuing Lender, Affiliate or participant, irrespective of whether or not such Lender,
Issuing Lender, Affiliate or participant shall have made any demand under this Agreement or any
other Loan Document and although such Obligations of the Borrowers or such Loan Party may be
contingent or unmatured or are owed to a branch or office of such Lender or the Issuing Lender
different from the branch or office holding such deposit or obligated on such Indebtedness. The
rights of each Lender, the Issuing Lender and their respective Affiliates and participants under
this Section are in addition to other rights and remedies (including other rights of setoff) that
such Lender, the Issuing Lender or their respective Affiliates and participants may have. Each
Lender and the Issuing Lender agrees to notify the Borrowers and the Administrative Agent promptly
after any such setoff and application; provided that the failure to give such notice shall not
affect the validity of such setoff and application; and

          9.2.4 Application of Proceeds. From and after the date on which the Administrative Agent
has taken any action pursuant to this Section 9.2 and until all Obligations of the Loan Parties
have been paid in full, any and all proceeds received by the Administrative Agent, the Issuing
Lender or any other Lender shall, unless otherwise required by the terms of the other Loan
Documents or by applicable law, be applied as follows:

          (i) first, to reimburse the Administrative Agent and the Lenders for out-of-pocket costs,
expenses and disbursements, including reasonable attorneys’ and paralegals’ fees and legal
expenses, incurred by the Administrative Agent or the Lenders in connection with the collection of
any Obligations of any of the Loan Parties under any of the Loan Documents;

          (ii) second, to the repayment of all Obligations then due and unpaid of the Loan Parties to
the Lenders or their Affiliates incurred under this Agreement or any of the
other Loan Documents or agreements evidencing any Lender Provided Interest Rate Hedge or Other
Lender Provided Financial Services Obligations, whether of principal, interest, fees, expenses or
otherwise and to cash collateralize the Letter of Credit Obligations, in such manner as the
Administrative Agent may determine in its discretion; and

          (iii) the balance, if any, as required by Law.

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10. THE ADMINISTRATIVE AGENT

     10.1 Appointment and Authority. Each of the Lenders and the Issuing Lender hereby
irrevocably appoints PNC to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and
to exercise such powers as are delegated to the Administrative Agent by the terms hereof or
thereof, together with such actions and powers as are reasonably incidental thereto. The
provisions of this Section 10. are solely for the benefit of the Administrative Agent, the
Lenders and the Issuing Lender, and neither the Borrowers nor any other Loan Party shall have
rights as a third party beneficiary of any of such provisions.

     10.2 Rights as a Lender. The Person serving as the Administrative 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 Administrative Agent and the term “Lender” or “Lenders” shall,
unless otherwise expressly indicated or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual capacity. Such Person and its
Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other
advisory capacity for and generally engage in any kind of business with the Borrowers or any
Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder
and without any duty to account therefor to the Lenders.

     10.3 Exculpatory Provisions. The Administrative 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 Administrative Agent:

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

                    (b) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan
Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided
for herein or in the other Loan Documents); provided that the Administrative Agent shall
not be required to take any action that, in its opinion or the
opinion of its counsel, may expose the Administrative Agent to liability or that is contrary
to any Loan Document or applicable Law; and

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

     The Administrative 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 Administrative Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Sections 12.1

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[Modifications, Amendments or
Waivers] and 9.2 [Consequences of Event of Default]) or (ii) in the absence of its own gross
negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge
of any Potential Default or Event of Default unless and until notice describing such Potential
Default or Event of Default is given to the Administrative Agent by the Borrowers, a Lender or the
Issuing Lender.

     The Administrative Agent shall not be responsible for or have any duty to ascertain or inquire
into (i) any statement, warranty or representation made in or in connection with this Agreement or
any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Potential Default or Event of Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement,
instrument or document or (v) the satisfaction of any condition set forth in Section 7.
[Conditions of Lending and Issuance of Letters of Credit] or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent.

     10.4 Reliance by Administrative Agent. The Administrative 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 Administrative Agent
also may rely upon any statement made to it orally or by telephone and believed by it to have been
made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Lender,
the Administrative Agent may presume that such condition is satisfactory to such Lender or the
Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such
Lender or the Issuing Lender prior to the making of such Loan or the issuance of such Letter of
Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrowers), independent accountants and other experts selected by it, and shall not be liable for
any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

     10.5 Delegation of Duties. The Administrative 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 Administrative Agent. The Administrative Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through
their respective Related Parties. The exculpatory provisions of this Section 10. shall apply to
any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent,
and shall apply to their respective activities in connection with the syndication of the credit
facilities provided for herein as well as activities as Administrative Agent.

     10.6 Resignation of Administrative Agent. The Administrative Agent may at any time give
notice of its resignation to the Lenders, the Issuing Lender and the Borrowers. Upon receipt

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of
any such notice of resignation, the Required Lenders shall have the right, with approval from the
Borrowers (so long as no Event of Default has occurred and is continuing), to appoint a successor,
such approval not to be unreasonably withheld or delayed. If no such successor shall have been so
appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days
after the retiring Administrative Agent gives notice of its resignation, then the retiring
Administrative Agent may on behalf of the Lenders and the Issuing Lender, appoint a successor
Administrative Agent; provided that if the Administrative Agent shall notify the Borrowers
and the Lenders that no qualifying Person has accepted such appointment, then such resignation
shall nonetheless become effective in accordance with such notice and (i) the retiring
Administrative Agent shall be discharged from its duties and obligations hereunder and under the
other Loan Documents (except that in the case of any collateral security held by the Administrative
Agent on behalf of the Lenders or the Issuing Lender under any of the Loan Documents, the retiring
Administrative Agent shall continue to hold such collateral security until such time as a successor
Administrative Agent is appointed) and (ii) all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each
Lender and the Issuing Lender directly, until such time as the Required Lenders appoint a successor
Administrative Agent as provided for above in this Section 10.6. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring (or retired)
Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its
duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section). The fees payable by the Borrowers to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrowers and such successor. After the retiring Administrative Agent’s resignation
hereunder and under the other Loan Documents, the provisions of this Section 10. and Section 12.3
[Expenses; Indemnity; Damage Waiver] shall continue in effect for the benefit of such retiring
Administrative 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 Administrative Agent was acting as
Administrative Agent.

     If PNC resigns as Administrative Agent under this Section 10.6, PNC shall also resign as an
Issuing Lender. Upon the appointment of a successor Administrative Agent hereunder, such successor
shall (i) succeed to all of the rights, powers, privileges and duties of PNC as the retiring
Issuing Lender and Administrative Agent and PNC shall be discharged from all of its respective
duties and obligations as Issuing Lender and Administrative Agent under the Loan Documents, and
(ii) issue letters of credit in substitution for the Letters of Credit issued by PNC, if any,
outstanding at the time of such succession or make other arrangement satisfactory to PNC to
effectively assume the obligations of PNC with respect to such Letters of Credit.

     10.7 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and the Issuing
Lender acknowledges that it has, independently and without reliance upon the Administrative Agent
or any other Lender or any of their Related Parties and based on such documents and information as
it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Lender and the Issuing Lender also acknowledges that it will, independently and without
reliance upon the Administrative Agent or any other Lender or any of their Related Parties and
based on such documents and information as it shall

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from time to time deem appropriate, continue to
make its own decisions in taking or not taking action under or based upon this Agreement, any other
Loan Document or any related agreement or any document furnished hereunder or thereunder.

     10.8 No Other Duties, etc. Anything herein to the contrary notwithstanding, none of the
Lenders, Arranger, Co-Syndication Agents or other parties 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 Administrative Agent, a Lender or the
Issuing Lender hereunder.

     10.9 Administrative Agent’s Fee. The Borrowers shall pay to the Administrative Agent a
nonrefundable fee (the “Administrative Agent’s Fee”) under the terms of a letter (the
“Administrative Agent’s Letter”) between the Borrowers and Administrative Agent, as amended from
time to time.

     10.10 No Reliance on Administrative Agent’s Customer Identification Program. Each Lender
acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or
assignees, may rely on the Administrative Agent to carry out such Lender’s, Affiliate’s,
participant’s or assignee’s customer identification program, or other obligations required or
imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the
regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”),
or any other Anti-Terrorism Law, including any programs involving any of the following items
relating to or in connection with any of the Loan Parties, their Affiliates or their agents, the
Loan Documents or the transactions hereunder or contemplated hereby: (i) any identity verification
procedures, (ii) any recordkeeping, (iii) comparisons with government lists, (iv) customer notices
or (v) other procedures required under the CIP Regulations or such other Laws.

11. GUARANTY

     11.1 Guaranty by the Domestic Loan Parties. The Domestic Loan Parties hereby irrevocably
and unconditionally guarantee, for the benefit of the Lenders, all of the following (collectively,
the “Domestic Guaranteed Obligations”): (a) the principal of and interest on the Notes issued by,
and the Loans made to, and the other Obligations of, the Domestic Borrowers and the Foreign
Borrowers under this Agreement, and (b) all reimbursement obligations and Unpaid Drawings with
respect to Letters of Credit issued for the benefit of any Borrower under this Agreement, in all
cases under subparts (a) or (b) above, whether now existing, or hereafter incurred or arising,
including any such interest or other amounts incurred or arising during the pendency of any
bankruptcy, insolvency, reorganization, receivership or similar proceeding, regardless of whether
allowed or allowable in such proceeding or subject to an automatic stay under Section 362(a) of the
Bankruptcy Code. Upon failure by any Domestic Borrower or Foreign Borrower to pay punctually any
of the Domestic Guaranteed Obligations, the Domestic Loan Parties shall forthwith on demand by the
Administrative Agent pay the amount not so paid at the place and in the currency and otherwise in
the manner specified in this Agreement or any other applicable agreement or instrument.

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     11.2 Guaranty by the Foreign Loan Parties. The Foreign Loan Parties hereby irrevocably and
unconditionally guarantee, for the benefit of the Lenders, all of the following (collectively, the
“Foreign Guaranteed Obligations”): (a) the principal of and interest on the Notes issued by, and
the Loans made to, and the other Obligations of, the Foreign Borrowers under this Agreement, and
(b) all reimbursement obligations and Unpaid Drawings with respect to Letters of Credit issued for
the benefit of any Foreign Borrower under this Agreement, in all cases under subparts (a) or (b)
above, whether now existing, or hereafter incurred or arising, including any such interest or other
amounts incurred or arising during the pendency of any bankruptcy, insolvency, reorganization,
receivership or similar proceeding, regardless of whether allowed or allowable in such proceeding
or subject to an automatic stay under Section 362(a) of the Bankruptcy Code. Upon failure by any
Foreign Borrower to pay punctually any of the Foreign Guaranteed Obligations, the Foreign Loan
Parties shall forthwith on demand by the Administrative Agent pay the amount not so paid at the
place and in the currency and otherwise in the manner specified in this Agreement or any other
applicable agreement or instrument. The Domestic Guaranteed Obligations and the Foreign Guaranteed
Obligations shall collectively be referred to herein as the “Guaranteed Obligations”.

     11.3 Additional Undertaking. As a separate, additional and continuing obligation, the
Company unconditionally and irrevocably undertakes and agrees, for the benefit of the Lenders that,
should any amounts not be recoverable from the Company or the other Loan Parties under Section 11
[Guaranty] for any reason whatsoever (including, without limitation, by reason of any provision of
any Loan Document or any other agreement or instrument executed in connection therewith being or
becoming void, unenforceable, or otherwise invalid under any applicable law) then, notwithstanding
any notice or knowledge thereof by any Lender, the Administrative Agent, any
of their respective Affiliates, or any other Person, at any time, the Company as sole, original and
independent obligor, upon demand by the Administrative Agent, will make payment to the
Administrative Agent, for the account of the Lenders, of all such obligations not so recoverable by
way of full indemnity, in such currency and otherwise in such manner as is provided in the Loan
Documents or any other applicable agreement or instrument.

     11.4 Guaranty Unconditional. The obligations of the Company, the Domestic Loan Parties and
Foreign Loan Parties under this Section 11 shall be unconditional and absolute and, without
limiting the generality of the foregoing, shall not be released, discharged or otherwise affected
by the occurrence, one or more times, of any of the following:

          11.4.1 any extension, renewal, settlement, compromise, waiver or release in respect to any
Guaranteed Obligation under any agreement or instrument, by operation of law or otherwise;

          11.4.2 any modification or amendment of or supplement to this Agreement, any Note, any other
Loan Document, or any agreement or instrument evidencing or relating to any Guaranteed Obligation;

          11.4.3 any release, non-perfection or invalidity of any direct or indirect security for any
Guaranteed Obligation under any agreement or instrument evidencing or relating to any Guaranteed
Obligation;

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          11.4.4 any change in the corporate or limited liability company existence, structure or
ownership of the Company, any Loan Party or other Subsidiary or any insolvency, bankruptcy,
reorganization or other similar proceeding affecting the Company, any Loan Party or other
Subsidiary or its assets or any resulting release or discharge of any obligation of the Company,
any Loan Party or other Subsidiary contained in any agreement or instrument evidencing or relating
to any Guaranteed Obligation;

          11.4.5 the existence of any claim, set-off or other rights which any Loan Party may have at
any time against any other Loan Party, the Administrative Agent, any Lender, any Affiliate of any
Lender or any other person, whether in connection herewith or any unrelated transactions;

          11.4.6 any invalidity or unenforceability relating to or against any Loan Party for any reason
of any agreement or instrument evidencing or relating to any Guaranteed Obligation, or any
provision of applicable law or regulation purporting to prohibit the payment by any Loan Party of
any of the Guaranteed Obligation; or

          11.4.7 any other act or omission of any kind by any Loan Party, the Administrative Agent, any
Lender or any other Person or any other circumstance whatsoever which might, but for the provisions
of this Section, constitute a legal or equitable discharge of the Loan Parties’ obligations under
this Section other than the irrevocable payment in full of all Guaranteed Obligations and the
termination of the Commitments hereunder.

     11.5 Loan Parties’ Obligations to Remain in Effect; Restoration. The obligations of the
Domestic Loan Parties and Foreign Loan Parties under this Section shall remain in full force and
effect until the indefeasible payment in full of all of the Obligations and the termination of the
Commitments hereunder, and the principal of and interest on the Notes and other Guaranteed
Obligations, and all other amounts payable by the Company, any other Loan Party or other
Subsidiary, under the Loan Documents or any other agreement or instrument evidencing or relating to
any of the Guaranteed Obligations, shall have been paid in full. If at any time any payment of any
of the Guaranteed Obligations is rescinded or must be otherwise restored or returned upon the
insolvency, bankruptcy or reorganization of such Loan Party, the obligations of the Domestic Loan
Parties and Foreign Loan Parties under this Article with respect to such payment shall be
reinstated at such time as though such payment had been due but not made at such time.

     11.6 Waiver of Acceptance, etc. The Loan Parties irrevocably waive acceptance hereof,
presentment, demand, protest and any notice not provided for herein, as well as any requirement
that at any time any action be taken by any person against any Loan Party or any other Person, or
against any collateral or guaranty of any other Person.

     11.7 Subrogation. Until the indefeasible payment in full of all of the Obligations and the
termination of the Commitments hereunder, the Loan Parties shall have no rights, by operation of
law or otherwise, upon making any payment under this Section to be subrogated to the rights of the
payee against any other Loan Party with respect to such payment or otherwise to be reimbursed,
indemnified or exonerated by any such Loan Party in respect thereof.

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     11.8 Effect of Stay. In the event that acceleration of the time for payment of any amount
payable by any Loan Party under any Guaranteed Obligation is stayed upon insolvency, bankruptcy or
reorganization of such Loan Party, all such amounts otherwise subject to acceleration under the
terms of any applicable agreement or instrument evidencing or relating to any Guaranteed Obligation
shall nonetheless be payable by the Loan Party under this Section forthwith on demand by the
Administrative Agent.

12. MISCELLANEOUS

     12.1 Modifications, Amendments or Waivers. With the written consent of the Required
Lenders, the Administrative Agent, acting on behalf of all the Lenders, and the Company, on behalf
of the Loan Parties, may from time to time enter into written agreements amending or changing any
provision of this Agreement or any other Loan Document or the rights of the Lenders or the Loan
Parties hereunder or thereunder, or may grant written waivers or consents hereunder or thereunder.
Any such agreement, waiver or
consent made with such written consent shall be effective to bind all the Lenders and the Loan
Parties; provided, that no such agreement, waiver or consent may be made which will:

          12.1.1 Increase of Commitment. Subject to Section 2.1.1.1 [Discretionary Increase in
Revolving Credit Commitment], increase the amount of the Revolving Credit Commitment of any Lender
hereunder without the consent of such Lender;

          12.1.2 Extension of Payment; Reduction of Principal Interest or Fees; Modification of Terms of
Payment. Whether or not any Loans are outstanding, extend the Expiration Date or the time for
payment of principal or interest of any Loan (excluding the due date of any mandatory prepayment of
a Loan), the Commitment Fee or any other fee payable to any Lender, or reduce the principal amount
of or the rate of interest borne by any Loan or reduce the Commitment Fee or any other fee payable
to any Lender, without the consent of each Lender directly affected thereby;

          12.1.3 Release of Guarantor. Release any Guarantor from its Obligations under the Guaranty
Agreement without the consent of all Lenders (other than Defaulting Lenders); or

          12.1.4 Miscellaneous. Amend Section 5.2 [Pro Rata Treatment of Lenders], 10.3 [Exculpatory
Provisions, Etc.] or 5.3 [Sharing of Payments by Lenders] or this Section 12.1, alter any provision
regarding the pro rata treatment of the Lenders or requiring all Lenders to authorize the taking of
any action or reduce any percentage specified in the definition of Required Lenders, in each case
without the consent of all of the Lenders (other than Defaulting Lenders);

provided that no agreement, waiver or consent which would modify the interests, rights or
obligations of the Administrative Agent or the Issuing Lender may be made without the written
consent of such Administrative Agent or Issuing Lender, as applicable, and provided,
further that, if in connection with any proposed waiver, amendment or modification referred to
in Sections 12.1.1 through 12.1.4 above, the consent of the Required Lenders is obtained but the
consent of one or more of such other Lenders whose consent is required is not obtained (each a
“Non-Consenting Lender”), then the Borrowers shall have the right to replace any such
Non-

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Consenting Lender with one or more replacement Lenders pursuant to Section 5.6.2 [Replacement
of a Lender].

     12.2 No Implied Waivers; Cumulative Remedies. No course of dealing and no delay or failure
of the Administrative Agent or any Lender in exercising any right, power, remedy or privilege under
this Agreement or any other Loan Document shall affect any other or future exercise thereof or
operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any further
exercise thereof or of any other right, power, remedy or privilege. The rights and remedies of the
Administrative Agent and the
Lenders under this Agreement and any other Loan Documents are cumulative and not exclusive of any
rights or remedies which they would otherwise have.

     12.3 Expenses; Indemnity; Damage Waiver.

          12.3.1 Costs and Expenses. The Borrowers shall pay (i) all out-of-pocket expenses incurred
by the Administrative Agent and its Affiliates (including the reasonable fees, charges and
disbursements of counsel for the Administrative Agent), and shall pay all fees and time charges and
disbursements for attorneys who may be employees of the Administrative Agent, in connection with
the syndication of the credit facilities provided for herein, the preparation, negotiation,
execution, delivery and administration of this Agreement and the other Loan Documents or any
amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all out-of-pocket expenses
incurred by the Issuing Lender in connection with the issuance, amendment, renewal or extension of
any Letter of Credit or any demand for payment thereunder, (iii) all out-of-pocket expenses
incurred by the Administrative Agent, any Lender or the Issuing Lender (including the fees, charges
and disbursements of any counsel for the Administrative Agent, any Lender or the Issuing Lender),
and shall pay all fees and time charges for attorneys who may be employees of the Administrative
Agent, any Lender or the Issuing Lender, in connection with the enforcement or protection of its
rights (A) in connection with this Agreement and the other Loan Documents, including its rights
under this Section, or (B) in connection with the Loans made or Letters of Credit issued hereunder,
including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit, and (iv) all reasonable out-of-pocket
expenses of the Administrative Agent’s regular employees and agents engaged periodically to perform
audits of the Loan Parties’ books, records and business properties.

          12.3.2 Indemnification by the Borrowers. The Borrowers shall indemnify the Administrative
Agent (and any sub-agent thereof), each Lender and the Issuing Lender, and each Related Party of
any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses
(including the fees, charges and disbursements of any counsel for any Indemnitee), and shall
indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for
attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against
any Indemnitee by any third party or by the Borrowers or any other Loan Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance or
nonperformance by the parties hereto of their respective

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obligations hereunder or thereunder or the
consummation of the transactions contemplated hereby or thereby, (ii) any Loan or Letter of Credit
or the use or proposed use of the proceeds therefrom (including any refusal by the Issuing Lender
to honor a demand for payment under a Letter of Credit if the documents presented in connection
with such demand do not strictly comply with the terms of such Letter of Credit), (iii) breach of
representations, warranties or covenants of the Borrowers under the Loan Documents, or (iv) any
actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, including any such items or losses relating to or arising under Environmental Laws or
pertaining to environmental matters, whether based on contract, tort or any other theory, whether
brought by a third party or by the Borrowers or any other Loan Party, and regardless of whether any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (x) are determined by a court of competent jurisdiction by final and nonappealable
judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y)
result from a claim brought by the Borrowers or any other Loan Party against an Indemnitee for
breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if
the Borrowers or such Loan Party has obtained a final and nonappealable judgment in its favor on
such claim as determined by a court of competent jurisdiction. Notwithstanding the foregoing, a
Foreign Borrower shall only be required to indemnify any Indemnitee pursuant to this Section to the
extent that any such losses, liabilities, claims, penalties, damages or expenses have been caused
by such Foreign Borrower or are otherwise directly related or attributable to such Foreign
Borrower.

          12.3.3 Reimbursement by Lenders. To the extent that the Borrowers for any reason fail to
indefeasibly pay any amount required under Sections 12.3.1 [Costs and Expenses] or 12.3.2
[Indemnification by the Borrowers] to be paid by it to the Administrative Agent (or any sub-agent
thereof), the Issuing Lender or any Related Party of any of the foregoing, each Lender severally
agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lender or such
Related Party, as the case may be, such Lender’s Ratable Share (determined as of the time that the
applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount,
provided that the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against the Administrative Agent
(or any such sub-agent) or the Issuing Lender in its capacity as such, or against any Related Party
of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or Issuing
Lender in connection with such capacity.

          12.3.4 Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable
Law, the Borrowers shall not assert, and hereby waives, any claim against any Indemnitee, on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct
or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other
Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated
hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee
referred to in Section 12.3.2 [Indemnification by Borrowers] shall be liable for any damages
arising from the use by unintended recipients of any information or other materials distributed by
it through telecommunications, electronic or other information transmission systems in connection
with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby.

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          12.3.5 Payments. All amounts due under this Section shall be payable not later than ten (10) days after demand
therefor.

     12.4 Holidays. Whenever payment of a Loan to be made or taken hereunder shall be due on a
day which is not a Business Day such payment shall be due on the next Business Day (except as
provided in Section 4.2 [Interest Periods]) and such extension of time shall be included in
computing interest and fees, except that the Loans shall be due on the Business Day preceding the
Expiration Date if the Expiration Date is not a Business Day. Whenever any payment or action to be
made or taken hereunder (other than payment of the Loans) shall be stated to be due on a day which
is not a Business Day, such payment or action shall be made or taken on the next following Business
Day, and such extension of time shall not be included in computing interest or fees, if any, in
connection with such payment or action.

     12.5 Notices; Effectiveness; Electronic Communication.

          12.5.1 Notices Generally. Except in the case of notices and other communications expressly
permitted to be given by telephone (and except as provided in Section 12.5.2 [Electronic
Communications]), all notices and other communications provided for herein shall be in writing and
shall be delivered by hand or overnight courier service, mailed by certified or registered mail or
sent by telecopier (i) if to a Lender, to it at its address set forth in its administrative
questionnaire, or (ii) if to any other Person, to it at its address set forth on Schedule
1.1(B).

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall
be deemed to have been given when received; notices sent by telecopier shall be deemed to have been
given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next Business Day for the recipient).
Notices delivered through electronic communications to the extent provided in 12.5.2 [Electronic
Communications], shall be effective as provided in such Section.

          12.5.2 Electronic Communications. Notices and other communications to the Lenders and the
Issuing Lender hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent; provided that the foregoing shall not apply to notices to any Lender or the Issuing
Lender if such Lender or the Issuing Lender, as applicable, has notified the Administrative Agent
that it is incapable of receiving notices under such Article by electronic communication. The
Administrative Agent or the Borrowers may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to procedures approved by it;
provided that approval of such procedures may be limited to particular notices or
communications. Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an
acknowledgement from the intended recipient (such as by the “return receipt requested” function, as
available, return e-mail or other written acknowledgement); provided that if such notice or
other communication is not
sent during the normal business hours of the recipient, such notice or communication shall be
deemed to have been sent at the opening of business on the next Business Day for the recipient, and
(ii) notices or communications posted to an Internet or intranet website shall be deemed received
upon the deemed receipt by the

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intended recipient at its e-mail address as described in the
foregoing clause (i) of notification that such notice or communication is available and identifying
the website address therefor.

          12.5.3 Change of Address, Etc. Any party hereto may change its address, e-mail address or
telecopier number for notices and other communications hereunder by notice to the other parties
hereto.

     12.6 Severability. The provisions of this Agreement are intended to be severable. If any
provision of this Agreement shall be held invalid or unenforceable in whole or in part in any
jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such
invalidity or unenforceability without in any manner affecting the validity or enforceability
thereof in any other jurisdiction or the remaining provisions hereof in any jurisdiction.

     12.7 Duration; Survival. All representations and warranties of the Loan Parties contained
herein or made in connection herewith shall survive the execution and delivery of this Agreement,
the completion of the transactions hereunder and Payment In Full. All covenants and agreements of
the Borrowers contained herein relating to the payment of principal, interest, premiums, additional
compensation or expenses and indemnification, including those set forth in the Notes, Section 5.
[Payments] and Section 12.3 [Expenses; Indemnity; Damage Waiver], shall survive Payment In Full.
All other covenants and agreements of the Loan Parties shall continue in full force and effect from
and after the date hereof and until Payment In Full.

     12.8 Successors and Assigns.

          12.8.1 Successors and Assigns Generally. The provisions of this Agreement shall be binding
upon, and inure to the benefit of, the parties hereto and their respective successors and assigns
permitted hereby, except that neither the Company nor any other Loan Party may assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of the
Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its
rights or obligations hereunder except (i) to an assignee in accordance with the provisions of
Section 12.8.2 [Assignments by Lenders], (ii) by way of participation in accordance with the
provisions of Section 12.8.4 [Participations], or (iii) by way of pledge or assignment of a
security interest subject to the restrictions of Section 12.8.6 [Certain Pledges; Successors and
Assigns Generally] (and any other attempted assignment or transfer by any party hereto shall be
null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, their respective successors and assigns permitted
hereby, Participants to the extent provided in Section 12.8.4 [Participations] and, to the extent
expressly contemplated hereby, the
Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right,
remedy or claim under or by reason of this Agreement.

          12.8.2 Assignments by Lenders. Any Lender may at any time assign to one or more assignees
all or a portion of its rights and obligations under this Agreement (including all or a portion of
its Commitment and the Loans at the time owing to it); provided that any such assignment
shall be subject to the following conditions:

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     (i) Minimum Amounts.

                    (a) in the case of an assignment of the entire remaining amount of the assigning Lender’s
Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender, an
Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

                    (b) in any case not described in clause (i)(A) of this Section 12.8.2, the aggregate amount of
the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable
Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning
Lender subject to each such assignment (determined as of the date the Assignment and Assumption
Agreement with respect to such assignment is delivered to the Administrative Agent or, if “Trade
Date” is specified in the Assignment and Assumption Agreement, as of the Trade Date) shall not be
less than $5,000,000, in the case of any assignment in respect of the Revolving Credit Commitment
of the assigning Lender, unless each of the Administrative Agent and, so long as no Event of
Default has occurred and is continuing, the Company otherwise consents (each such consent not to be
unreasonably withheld or delayed).

     (ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of
a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with
respect to the Loan or the Commitment assigned.

     (iii) Required Consents. No consent shall be required for any assignment except for
the consent of the Administrative Agent (which shall not be unreasonably withheld or delayed) and:

                    (a) the consent of the Company (such consent not to be unreasonably withheld or delayed) shall
be required unless (x) an Event of Default has occurred and is continuing at the time of such
assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;
provided that each Borrower shall be deemed to have consented to any such assignment unless it has
objected thereto by written notice to the Administrative Agent within five (5) Business Days after
having received notice thereof; and

                    (b) the consent of the Issuing Lender (such consent not to be unreasonably withheld or
delayed) shall be required for any assignment that increases the obligation of the assignee to
participate in exposure under one or more Letters of Credit (whether or not then outstanding).

     (iv) Assignment and Assumption Agreement. The parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together
with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall
deliver to the Administrative Agent an administrative questionnaire provided by the Administrative
Agent.

     (v) No Assignment to Borrowers. No such assignment shall be made to the Borrowers or
any of the Borrowers’ Affiliates or Subsidiaries.

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

Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 12.8.3
[Register], from and after the effective date specified in each Assignment and Assumption
Agreement, the assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Assumption Agreement, have the rights and obligations of a
Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption Agreement, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption Agreement covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a
party hereto) but shall continue to be entitled to the benefits of Sections 4.4 [Euro-Rate
Unascertainable; Illegality; Increased Costs; Deposits Not Available], 5.8 [Increased Costs], and
12.3 [Expenses, Indemnity; Damage Waiver] with respect to facts and circumstances occurring prior
to the effective date of such assignment. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this Section 12.8.2 shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with Section 12.8.4 [Participations].

          12.8.3 Register. The Administrative Agent, acting solely for this purpose as an agent of
the Borrowers, shall maintain a record of the names and addresses of the Lenders, and the
Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms
hereof from time to time. Such register shall be conclusive, and the Borrowers, the Administrative
Agent and the Lenders may treat each Person whose name is in such register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. Such register shall be available for inspection by the Borrowers and any Lender, at any
reasonable time and from time to time upon reasonable prior notice.

          12.8.4 Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrowers or the Administrative Agent, sell participations to any Person (other than a natural
person or the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans owing to it); provided that
(i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely
responsible to the other parties hereto for the performance of such obligations and (iii) the
Borrowers, the Administrative Agent and the Lenders, Issuing Lender shall continue to deal solely
and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement.

     Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, modification or waiver with respect to Sections 12.1.1
[Increase of Commitment, Etc.], 12.1.2 [Extension of Payment, Etc.], or 12.1.3 [Release of
Guarantor]). Subject to Section 12.8.5 [Limitations upon Participant Rights Successors and

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Assigns
Generally], the Borrowers agree that each Participant shall be entitled to the benefits of Sections
4.4 [Euro-Rate Unascertainable; Illegality; Increased Costs; Deposits Not Available] and 5.8
[Increased Costs] to the same extent as if it were a Lender and had acquired its interest by
assignment pursuant to Section 12.8.2 [Assignments by Lenders]. To the extent permitted by Law,
each Participant also shall be entitled to the benefits of Section 9.2.3 [Setoff] as though it were
a Lender; provided such Participant agrees to be subject to Section 5.3 [Sharing of
Payments by Lenders] as though it were a Lender.

          12.8.5 Limitations upon Participant Rights Successors and Assigns Generally. A Participant
shall not be entitled to receive any greater payment under Sections 5.8 [Increased Costs], 5.9
[Taxes] or 12.3 [ Expenses; Indemnity; Damage Waiver] than the applicable Lender would have been
entitled to receive with respect to the participation sold to such Participant, unless the sale of
the participation to such Participant is made with the Borrowers’ prior written consent. A
Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of Section 5.9 [Taxes] unless the Borrowers are notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section
5.9.5 [Status of Lenders] as though it were a Lender.

          12.8.6 Certain Pledges; Successors and Assigns Generally. Any Lender may at any time
pledge or assign a security interest in all or any portion of its rights under this Agreement to
secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as
a party hereto.

     12.9 Confidentiality.

          12.9.1 General. Each of the Administrative Agent, the Lenders and the Issuing Lender
agrees to maintain the confidentiality of the Information, except that Information may be disclosed
(i) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, advisors and other representatives (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such Information and
instructed to keep such
Information confidential), (ii) 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), (iii) to the extent required by applicable Laws or
regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the enforcement of
rights hereunder or thereunder, (vi) subject to an agreement containing provisions substantially
the same as those of this Section, to (A) any assignee of or Participant in, or any prospective
assignee of or Participant in, any of its rights or obligations under this Agreement or (B) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating
to the Borrowers and their obligations, (vii) with the consent of the Borrowers or (viii) to the
extent such Information (Y) becomes publicly available other than as a result of a breach of this
Section or (Z) becomes available to the Administrative Agent, any Lender, the Issuing Lender or any
of their respective Affiliates on a nonconfidential basis from a source other than the Borrowers or
the other Loan Parties. Any

 - 89 - 

 

Person required to maintain the confidentiality of Information as
provided in this Section shall be considered to have complied with its obligation to do so if such
Person has exercised the same degree of care to maintain the confidentiality of such Information as
such Person would accord to its own confidential information.

          12.9.2 Sharing Information With Affiliates of the Lenders. Each Loan Party acknowledges
that from time to time financial advisory, investment banking and other services may be offered or
provided to the Borrowers or one or more of their Affiliates (in connection with this Agreement or
otherwise) by any Lender or by one or more Subsidiaries or Affiliates of such Lender and each of
the Loan Parties hereby authorizes each Lender to share any information delivered to such Lender by
such Loan Party and its Subsidiaries pursuant to this Agreement to any such Subsidiary or Affiliate
subject to the provisions of Section 12.9.1 [General].

     12.10 Counterparts; Integration; Effectiveness.

          12.10.1 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents, and any separate letter agreements with respect to
fees payable to the Administrative Agent, constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and understandings, oral
or written, relating to the subject matter hereof including any prior confidentiality agreements
and commitments. Except as provided in Section 7. [Conditions Of Lending And Issuance Of Letters
Of Credit], this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy or e-mail shall be effective
as delivery of a manually executed counterpart of this Agreement.

     12.11 CHOICE OF LAW; SUBMISSION TO JURISDICTION; WAIVER OF VENUE; SERVICE OF PROCESS;
WAIVER OF JURY TRIAL.

          12.11.1 Governing Law. This Agreement shall be deemed to be a contract under the Laws of
the Commonwealth of Pennsylvania without regard to its conflict of laws principles. Each standby
Letter of Credit issued under this Agreement shall be subject either to the rules of the Uniform
Customs and Practice for Documentary Credits, as most recently published by the International
Chamber of Commerce (the “ICC”) at the time of issuance (“UCP”) or the rules of the International
Standby Practices (ICC Publication Number 590) (“ISP98”), as determined by the Issuing Lender, and
each trade Letter of Credit shall be subject to UCP, and in each case to the extent not
inconsistent therewith, the Laws of the Commonwealth of Pennsylvania without regard to is conflict
of laws principles.

          12.11.2 SUBMISSION TO JURISDICTION. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE

 - 90 - 

 

COURTS OF THE COMMONWEALTH OF PENNSYLVANIA SITTING IN ALLEGHENY COUNTY AND ANY APPELLATE COURT FROM
ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING
MAY BE HEARD AND DETERMINED IN SUCH PENNSYLVANIA STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN
ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY
OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE ISSUING
LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION.

          12.11.3 WAIVER OF VENUE. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN THIS SECTION
12.11. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR
PROCEEDING IN ANY SUCH COURT AND AGREES NOT ASSERT ANY SUCH DEFENSE.

          12.11.4 SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 12.5 [NOTICES; EFFECTIVENESS; ELECTRONIC
COMMUNICATION]. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

          12.11.5 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, ADMINISTRATIVE AGENT OR
ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER

 - 91 - 

 

PERSON WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT
AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     12.12 USA PATRIOT Act Notice. Each Lender that is subject to the USA PATRIOT Act and the
Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Loan Parties that
pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record
information that identifies the Loan Parties, which information includes the name and address of
Loan Parties and other information that will allow such Lender or Administrative Agent, as
applicable, to identify the Loan Parties in accordance with the USA PATRIOT Act.

     12.13 Borrower Agent. Each of the Borrowers hereby irrevocably appoints the Company as its
agent (the “Borrower Agent”) for purposes of requesting, continuing and converting Loans (including
all elections of interest rates and currencies), for delivering notices as to prepayments and
commitment reductions and for providing consents pursuant to clauses (i) and (iii) of Section
12.8.2 [Assignments by Lenders]. The Administrative Agent shall be entitled to rely in such
matters on all communications delivered by the Borrower Agent as being delivered on behalf of all
Borrowers.

     12.14 Foreign Loan Parties.
Notwithstanding anything in this Agreement or any of the Loan Documents to the contrary, the
parties intend that this Agreement shall in all circumstances be interpreted to provide and by
virtue of the operation of this Section 12.14, this Agreement does hereby provide that each Foreign
Loan Party is liable only for Loans made to the Foreign Borrowers, interest on such Loans, each
Foreign Borrower’s reimbursement obligations with respect to any Letter of Credit issued for its
account and for the account of its Subsidiaries and its ratable share of any of the other
Obligations, including, without limitation, general fees, reimbursements, indemnities and charges
hereunder and under any other Loan Document that are attributable, or attributed as a ratable
share, to it. Nothing in this Agreement or in any other Loan Document or in this Section 12.14
(including, but not limited to provisions which purport to impose joint and several liability on
one or more Foreign Borrowers) shall be deemed or operate to cause any Foreign Loan Party to
guaranty or assume liability with respect to a Revolving Credit Loan made to a Domestic Loan Party,
any Letters of Credit issued for the account of a Domestic Loan Party or other Obligation for which
a Domestic Loan Party is the primary obligor. Nothing in this Section 12.14 is intended to limit,
nor shall it be deemed to limit, any of the liability of the Company or any other Domestic Loan
Party for any of the Obligations, whether in its primary capacity as a Borrower, as a Guarantor, at
law or otherwise. Subject to the limitation of liability of Foreign Loan Parties as expressly set
forth in this Section 12.14, all Obligations of the Borrowers and Guarantors are joint and several.

     12.15 Joinder of Borrowers and Guarantors; Release of Foreign Borrowers.

          12.15.1 Joinder of Borrowers and Guarantors. Each Subsidiary of a Foreign Borrower that is
acquired, formed or in existence after the Closing Date shall either join this Agreement as a Loan
Party or the investment in such Subsidiary of a Foreign Borrower shall

 - 92 - 

 

be subject to the limitation
on investments set forth in Section 8.2.4(viii) [Loans and Investments] hereof. Each domestic
operating Subsidiary of the Company that is acquired, formed or in existence after the Closing
Date, shall be required to become a Guarantor hereunder. Each Subsidiary of a Foreign Borrower
that is acquired, formed or in existence after the Closing Date shall be required to become a
Guarantor hereunder with respect to the Foreign Guaranteed Obligations; provided that no Foreign
Guarantor shall have any liability with respect to a Revolving Credit Loan made to a Domestic Loan
Party, any Letters of Credit issued for the account of a Domestic Loan Party or other Obligation
for which a Domestic Loan Party is the primary obligor. Each Subsidiary required or electing to
join this Agreement as a Borrower or Guarantor shall execute and deliver to the Administrative
Agent within thirty (30) days (unless such time period is extended in writing by the Administrative
Agent) after the date of organization or acquisition of (or in the case of a Foreign Borrower,
election by) such Subsidiary (i) a Borrower Joinder or a Guarantor Joinder, as applicable, pursuant
to which it shall, after acceptance of such Borrower Joinder or Guarantor Joinder by the
Administrative Agent, join this Agreement as a Domestic Borrower, Foreign Borrower, Domestic
Guarantor or a Foreign Guarantor, as applicable, and join each of the other Loan Documents to which
the Domestic Borrower, Foreign Borrower, Domestic Guarantor or a Foreign Guarantor, as applicable,
are parties, and (ii) documents in the forms described in Section 7.1 [First Loans and Letters of
Credit] (or foreign jurisdictional equivalents, if any), modified as appropriate to relate to such
Subsidiary. The Loan Parties and any Borrower and/or Guarantor joining this Agreement shall also
(x) deliver to the Administrative Agent such amendments or other modifications to the Loan
Documents, fully executed by the appropriate parties thereto, that the Administrative Agent deems
necessary or appropriate in connection with the addition of such Borrower and/or Guarantor and (y)
provide to the Administrative Agent and the Lenders such other items and shall have satisfied such
other conditions as may be reasonably required by the Administrative Agent or the Lenders.
Notwithstanding the foregoing, no Foreign Borrower or Foreign Guarantor may be joined pursuant to
this Section 12.15.1 if its inclusion as a Borrower or a Guarantor, as applicable, under the Loan
Documents would result in any adverse tax or other legal consequences for the Lenders, as
reasonably determined by the Administrative Agent. Joinder of each new Borrower or Guarantor
pursuant to this Section 12.15.1 shall be subject to compliance with all the other terms and
conditions set forth in this Agreement and the other Loan Documents, including without limitation
Section 8.1.7 [Compliance with Laws; Use of Proceeds] and Section 5.9 [Taxes].

[SIGNATURE PAGE FOLLOWS]

 - 93 - 

 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

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

	 	 	 	 	 	 	 

	 	 	BORROWERS:
	 
	 	 	L.B. FOSTER COMPANY, a Pennsylvania corporation
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David J. Russo
 
 David
J. Russo	 	 
	 

	 	Title:
	 	Sr VP, CFO, CAO and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	CXT INCORPORATED, a Delaware corporation
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David J. Russo
 
 David
J. Russo	 	 
	 

	 	Title:
	 	Sr VP, CFO and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	SALIENT SYSTEMS, INC., an Ohio corporation
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David J. Russo	 	 
	 

	 	Name:
	 	 
 David
J. Russo	 	 
	 

	 	Title:
	 	Sr VP, CFO and Treasurer	 	 

 

 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

	 	 	 	 	 	 	 

	 	 	PORTEC RAIL PRODUCTS, INC., a West

 Virginia corporation
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David J. Russo
 
 David
J. Russo	 	 
	 

	 	Title:
	 	Sr VP, CFO and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	PORTEC, RAIL PRODUCTS LTD., a

 corporation incorporated under the laws of Canada
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David J. Russo
 
 David
J. Russo	 	 
	 

	 	Title:
	 	Sr VP, CFO and Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	KELSAN TECHNOLOGIES CORP., a 

corporation amalgamated under the laws of Canada
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ David J. Russo
 
 David
J. Russo	 	 
	 

	 	Title:
	 	Sr VP, CFO and Treasurer	 	 

 

 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

	 	 	 	 	 	 	 

	 	 	PNC BANK, NATIONAL ASSOCIATION,

 individually and as Administrative Agent
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Brett R. Schweikle
 
 Brett
R. Schweikle	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

 

 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

	 	 	 	 	 	 	 

	 	 	BANK OF AMERICA, N.A., individually and as
	 	 	Co-Syndication Agent
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Christina Barrow
 
 Christina
Barrow	 	 
	 

	 	Title:
	 	SVP	 	 

 

 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

	 	 	 	 	 	 	 

	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, individually
	 	 	and as Co-Syndication Agent
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ J. Barrett Donovan
 
 J.
Barrett Donovan	 	 
	 

	 	Title:
	 	Vice President	 	 

 

 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

	 	 	 	 	 	 	 

	 	 	CITIZENS BANK OF PENNSYLVANIA
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Curtis C. Hunter III
 
 Curtis
C. Hunter III	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

 

 

SCHEDULE 1.1(A)

PRICING GRID—

VARIABLE PRICING AND FEES BASED ON LEVERAGE RATIO

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Standby	 	Commercial	 	Revolving	 	Revolving
	 	 	 	 	 	 	Commitment	 	Letter of	 	Letter	 	Credit	 	Credit Euro-
	Level	 	Leverage Ratio	 	Fee	 	Credit Fee	 	of Credit Fee	 	Base Rate Spread	 	Rate Spread
	 	I	 	 	Less than 1.00 to 1.00
	 	 	0.25	%	 	 	1.00	%	 	 	0.50	%	 	 	0.0	%	 	 	1.00	%
	II	 	Greater than or equal
to 1.00 to 1.00 but
less than 1.50 to
1.00
	 	 	0.25	%	 	 	1.25	%	 	 	0.625	%	 	 	0.25	%	 	 	1.25	%
	III	 	Greater than or equal
to 1.50 to 1.00 but
less than 2.00 to
1.00
	 	 	0.30	%	 	 	1.50	%	 	 	0.75	%	 	 	0.50	%	 	 	1.50	%
	IV	 	Greater than or equal
to 2.00 to 1.0 but
less than 2.50 to 1.0
	 	 	0.30	%	 	 	1.75	%	 	 	0.875	%	 	 	0.75	%	 	 	1.75	%
	 	V	 	 	Greater than or equal
to 2.50 to 1.00
	 	 	0.35	%	 	 	2.00	%	 	 	1.00	%	 	 	1.00	%	 	 	2.00	%

     For purposes of determining the Applicable Margin, the Applicable Commitment Fee Rate and
the Applicable Letter of Credit Fee Rate:

     (a) The Applicable Margin, the Applicable Commitment Fee Rate and the Applicable Letter of
Credit Fee Rate shall be determined on the Closing Date based on the Leverage Ratio computed on
such date pursuant to a Compliance Certificate to be delivered on the Closing Date.

     (b) The Applicable Margin, the Applicable Commitment Fee Rate and the Applicable Letter of
Credit Fee Rate shall be recomputed as of the end of each fiscal quarter ending after the Closing
Date based on the Leverage Ratio as of such quarter end. Any increase or decrease in the
Applicable Margin, the Applicable Commitment Fee Rate or the Applicable Letter of Credit Fee Rate
computed as of a quarter end shall be effective on the date on which the Compliance Certificate
evidencing such computation is due to be delivered under Section 8.3.3 [Certificate of the
Company]. If a Compliance Certificate is not delivered when due in accordance with such Section
8.3.3, then the rates in Level V shall apply as of the first Business Day after the date on

 

 

which such Compliance Certificate was required to have been delivered and shall remain in
effect until the date on which such Compliance Certificate is delivered.

     (c) If, as a result of any restatement of or other adjustment to the financial statements of
the Company or for any other reason, the Borrowers or the Lenders determine that (i) the Leverage
Ratio as calculated by the Borrowers as of any applicable date was inaccurate and (ii) a proper
calculation of the Leverage Ratio would have resulted in higher pricing for such period, the
Borrowers shall immediately and retroactively be obligated to pay to the Administrative Agent for
the account of the applicable Lenders, promptly on demand by the Administrative Agent (or, after
the occurrence of an actual or deemed entry of an order for relief with respect to the Borrowers
under the Bankruptcy Code of the United States, automatically and without further action by the
Administrative Agent, any Lender or the Issuing Lender), an amount equal to the excess of the
amount of interest and fees that should have been paid for such period over the amount of interest
and fees actually paid for such period. This paragraph shall not limit the rights of the
Administrative Agent, any Lender or the Issuing Lender, as the case may be, under Section 2.8
[Letter of Credit Subfacility] or 4.3 [Interest After Default] or 9. [Default]. The Borrowers’
obligations under this paragraph shall survive the termination of the Commitments and the repayment
of all other Obligations hereunder.

2

 

SCHEDULE 1.1(B)

COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES

Part 1 — Commitments of Lenders and Addresses for Notices to Lenders

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Amount of	 	 
	 	 	 	 	Commitment for	 	 
	 	 	 	 	Revolving Credit	 	 
	 	 	Lender	 	Loans	 	Ratable Share
	Name:

	 	PNC Bank, National Association	 	 	 	 	 	 	 	 
	Address:

	 	Three PNC — 4th Floor	 	 	 	 	 	 	 	 
	 

	 	225 Fifth Avenue	 	 	 	 	 	 	 	 
	 

	 	Pittsburgh, Pennsylvania 15222-2707	 	 	 	 	 	 	 	 
	 

	 	Attention: Brett Schweikle
	 	$	40,000,000	 	 	 	32.000000000	%
	Telephone:

	 	(412) 762-2604	 	 	 	 	 	 	 	 
	Telecopy:

	 	(412) 762-4718	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Bank of America, N.A.	 	 	 	 	 	 	 	 
	Address:

	 	1600 JFK Boulevard, Suite 1100	 	 	 	 	 	 	 	 
	 

	 	Philadelphia, Pennsylvania 19103	 	 	 	 	 	 	 	 
	Attention:

	 	Joanne Macchione	 	 	 	 	 	 	 	 
	Telephone:

	 	(268) 675-0338	 	 	 	 	 	 	 	 
	Telecopy:

	 	(866) 361-0422
	 	$	30,000,000	 	 	 	24.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Wells Fargo Bank, N.A.	 	 	 	 	 	 	 	 
	Address:

	 	444 Liberty Avenue, Suite 1400	 	 	 	 	 	 	 	 
	 

	 	Pittsburgh, Pennsylvania 15222	 	 	 	 	 	 	 	 
	Attention:

	 	J. Barrett Donovan	 	 	 	 	 	 	 	 
	Telephone:

	 	(412) 454-4603	 	 	 	 	 	 	 	 
	Telecopy:

	 	(412) 454-4609
	 	$	30,000,000	 	 	 	24.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 
	Name:

	 	Citizens Bank of Pennsylvania	 	 	 	 	 	 	 	 
	Address:

	 	525 William Penn Place	 	 	 	 	 	 	 	 
	 

	 	Pittsburgh, Pennsylvania 15219	 	 	 	 	 	 	 	 
	Attention:

	 	Debra McAllonis	 	 	 	 	 	 	 	 
	Telephone:

	 	(412) 867-2421	 	 	 	 	 	 	 	 
	Telecopy:

	 	(412) 552-6307
	 	$	25,000,000	 	 	 	20.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 
	Total

	 	 	 	$	125,000,000	 	 	 	100.000000000	%
	 
	 	 	 	 	 	 	 	 	 	 

 

 

SCHEDULE 1.1(B)

COMMITMENTS OF LENDERS AND ADDRESSES FOR NOTICES

Part 2 — Addresses for Notices to Borrowers and Guarantors:

ADMINISTRATIVE AGENT

PNC Bank, National Association

Three PNC — 4th Floor

225 Fifth Avenue

Pittsburgh, PA 15222-2707

Attention: Brett Schweikle

Telephone:            (412) 762-2604

Telecopy:            (412) 762-4718

With a Copy To:

Agency Services

PNC Bank, National Association

Mail Stop: P7-PFSC-04-I

500 First Avenue

Pittsburgh, Pennsylvania 15219

Attention:            Agency Services

Telephone:            (412) 762-6442

Telecopy:            (412) 762-8672

BORROWERS:

All notices to Borrowers should be sent to:

	 	 	 

	Name:

	 	L.B. Foster Company
	Address:

	 	415 Holiday Drive
	 

	 	Pittsburgh, Pennsylvania 15219
	Attention:

	 	David Russo
	Telephone:

	 	(412) 928-3450
	Telecopy:

	 	(412) 928-7981
	with copies to:
	 	 
	 
	Name:

	 	L.B. Foster Company
	Address:

	 	415 Holiday Drive
	 

	 	Pittsburgh, Pennsylvania 15219
	Attention:

	 	David L. Voltz
	Telephone:

	 	(412) 928-3491
	Telecopy:

	 	(412) 928-7981
	 
	and
	 	 

 

 

	 	 	 

	Name:

	 	L.B. Foster Company
	Address:

	 	415 Holiday Drive
	 

	 	Pittsburgh, Pennsylvania 15219
	Attention:

	 	Christopher T. Kijowski
	Telephone:

	 	(412) 928-3448
	Telecopy:

	 	(412) 928-7981

 

 

Schedule 1.1(P)

Permitted Liens

L.B. FOSTER COMPANY

PENNSYLVANIA

DEPARTMENT OF STATE

	A.	 	UCC Financing Statements

	 	1.	 	20031041179 filed 10-27-2003
	 
	 	 	 	S.P.: LaSalle National Leasing Corporation

	 	 	 	Cltrl.: Vapor generator, Hyster forklift
	 
	 	 	 	Cont.: Filed 8-19-2008

	 	2.	 	2006072404513 filed 7-21-2006
	 
	 	 	 	S.P.: City of Pueblo
	 
	 	 	 	Cltrl.: Rail rack, saw conveyor, carbide saw
	 
	 	 	 	Cont.: Filed 3-3-2011

	 	3.	 	2006122605457 filed 12-26-2006
	 
	 	 	 	S.P.: LaSalle National Leasing Corporation
	 
	 	 	 	Cltrl.: Integrated concrete tie manufacturing equipment

	 	4.	 	2006122605471 filed 12-26-2006
	 
	 	 	 	S.P.: LaSalle National Leasing Corporation
	 
	 	 	 	Cltrl.: Integrated concrete tie manufacturing equipment

	 	5.	 	2006122802126 filed 12-28-2006
	 
	 	 	 	S.P.: IBM Credit
	 
	 
	 	 	 	Cltrl.: IBM equipment

	 	6.	 	2007010901159 filed 1-9-2007
	 
	 	 	 	S.P.: Banc of America Leasing & Capital LLC

 

 

	 	 	 	Cltrl.: Pettibone forklift, Deere wheel loader
	 
	 	 	 	Amend.: Filed 1-30-2007 (restates collateral)

	 	7.	 	2007042002505 filed 4-20-2007
	 
	 	 	 	S.P.: Banc of America Leasing & Capital, LLC
	 
	 	 	 	Cltrl.: Ford pickup, Bobcat skid steer loader

	 	8.	 	2010010505500 filed 1-5-2010
	 
	 	 	 	S.P.: IBM Credit LLC
	 
	 	 	 	Cltrl.: IBM equipment

	 	9.	 	2010122304573 filed 12-23-2010
	 
	 	 	 	S.P.: United Rentals (North America) Inc.
	 
	 	 	 	Cltrl.: Scissor 30-35FT IC 4WD and proceeds

CXT INCORPORATED

DELAWARE

SECRETARY OF STATE

	A.	 	UCC Financing Statements

	 	1.	 	60621722 filed 2-22-2006
	 
	 	 	 	S.P.: LaSalle National Leasing Corporation
	 
	 	 	 	Cltrl.: Hyster lift truck
	 
	 	 	 	Cont.: Filed 10-29-2010

	 	2.	 	60857433 filed 3-14-2006
	 
	 	 	 	S.P.: Banc of America Leasing & Capital, LLC
	 
	 	 	 	Cltrl.: Railroad tie manufacturing plant and other
equipment, inventory, or other goods, all
attachments, accessories, insurance, software, books as described in Lease Agreement Number
01557-00400

	 
	 	 	 	Cont.: Filed 1-7-2011

 

 

	 	3.	 	60857581 filed 3-14-2006
	 
	 	 	 	S.P.: Banc of America Leasing & Capital, LLC
	 
	 	 	 	Cltrl: Railroad tie manufacturing plant and other
equipment, inventory, or other goods, all
attachments, accessories, insurance, software, books

	 
	 	 	 	Cont.: Filed 1-7-2011
	 
	 	4.	 	61638147 filed 5-9-2006
	 
	 	 	 	S.P.: Banc of America Leasing & Capital, LLC
	 
	 	 	 	Cltrl.: Wagons, bucket conveyor, heat system, saw, hoisting
beam, discharge lines, batch plant, maintenance vehicle,
trackmobile, forklift, water cooler, site setup &
development, yard crane truck, hydraulic units, QC lab,
hot water system, building, crates, lighting, containers

	 
	 	5.	 	64532735 filed 12-26-2006
	 
	 	 	 	S.P.: Lasalle National Leasing Corporation
	 
	 	 	 	Cltrl.: Integrated concrete tie manufacturing equipment
	 
	 	6.	 	64532743 filed 12-26-2006
	 
	 	 	 	S.P.: LaSalle National Leasing Corporation
	 
	 	 	 	Cltrl.: Integrated concrete tie manufacturing equipment
	 
	 	7.	 	2011 0579253 filed 2-16-2011
	 
	 	 	 	S.P.: Rockwood Pigments NA Inc.
	 
	 	 	 	Cltrl.: 3 color Chameleon container automatic liquid color
precast dosing system

 

 

PORTEC RAIL PRODUCTS, INC.

WEST VIRGINIA

SECRETARY OF STATE

	A.	 	UCC Financing Statements

	 	1.	 	200800311102 filed 12-30-2008
	 
	 	 	 	S.P.: GFC Leasing
	 
	 	 	 	Cltrl.: Canon ImageRunner Copier

SALIENT SYSTEMS, INC.

None

COAL TRAIN HOLDINGS, INC.

None

PORTEC RAIL NOVA SCOTIA COMPANY

None

PORTEC, RAIL PRODUCTS LTD.

     QUEBEC

     CANADA

	1.	 	Rights of Ownership of the Lessor (Leasing)

	 	 	 

	Lessor:

	 	IRWIN COMMERCIAL FINANCE CANADA

CORPORATION
	 

	 	Suite 300, 666 Burrard St.
	 

	 	Vancouver, BC V6C 2X8

 

 

	 	 	 

	Lessee:

	 	PORTEC,PRODUITS FERROVIAIRES LTEE
	 

	 	350 Industriel Blvd.
	 

	 	St-Jean-sur-Richelieu, Québec J3B 4S6
	 
	 	 
	Amount:

	 	Not mentioned
	 
	 	 
	Date of Execution:

	 	October 22, 2007
	 
	 	 
	Registration No.:

	 	07-0605440-0010
	 
	 	 
	Date of Registration:

	 	October 22, 2007
	 
	 	 
	Expiration Date of Registration:

	 	October 22, 2012
	 
	 	 
	Description of Property:

	 	1 CHARIOT ELEVATEUR 6000LBS, MARQUE TCM,
MODELE FHG30, SERIE:A2D900487, TOGETHER
WITH ALL ATTACHMENTS ACCESSORIES
ACCES-SIONS REPLACEMENTS SUBSTITUTIONS
ADDITIONS AND IMPROVEMENTS THERETO AND
ALL PROCEEDS IN ANY FORM DERIVED DIRECTLY
OR INDIRECTLY FROM ANY SALE AND OR
DEALINGS WITH THE COLLATERAL AND A RIGHT
TO AN INSURANCE PAYMENT OR OTHER PAYMENT
THAT INDEMNIFIES OR COMPENSATES FOR LOSS
OR DAMAGE TO THE COLLATERAL OR PROCEEDS
OF THE COLLATERAL
	 
	 	 
	Comments:

	 	Assignment of claims registered on
February 1, 2008 under number
08-0057016-0004 by Onset Alberta Ltd. in
favour of ICF Trust.
	 
	 	 
	 

	 	Assignment of claims registered on
February 1, 2008 under number
08-0057016-0005 by Irwin Commercial
Finance Canada Corporation/ Corporation
de financement commercial Irwin du Canada
in favour of ICF Trust.
	 
	 	 
	 

	 	Assignment of rights registered on
February 1, 2008 under number
08-0057016-0006 by Onset Alberta Ltd. in
favour of ICF Trust.
	 
	 	 
	 

	 	Assignment of rights registered on
February 1, 2008 under number
08-0057016-0007 by Irwin Commercial
Finance Canada Corporation/ Corporation
de financement commercial Irwin

 

 

	 	 	 

	 

	 	du Canada
in favour of ICF Trust.
	 
	 	 
	 

	 	Assignment of claims registered on
September 23, 2008 under number
08-0551140-0001 by ICF Trust in favour of
Onset Alberta Ltd.
	 
	 	 
	 

	 	Assignment of claims registered on
September 23, 2008 under number
08-0551140-0002 by ICF Trust in favour of
Irwin Commercial Finance Canada
Corporation/ Corporation de financement
commercial Irwin du Canada.
	 
	 	 
	 

	 	Assignment of rights registered on
September 23, 2008 under number
08-0551140-0003 by ICF Trust in favour of
Onset Alberta Ltd.
	 
	 	 
	 

	 	Assignment of rights registered on
September 23, 2008 under number
08-0551140-0004 by Irwin Commercial
Finance Canada Corporation/ Corporation
de financement commercial Irwin du Canada
in favour of ICF Trust.
	 
	 	 
	 

	 	Assignment of a universality of claims
registered on January 22, 2009 under
number 09-0030982-0001 by Irwin
Commercial Finance Canada Corporation in
favour of Roynat Inc.

	2.	 	Rights under a Lease and Transfer of Rights

	 	 	 

	Lessor:

	 	CANBEC BMW
	 

	 	4090 Jean Talon West
	 

	 	Montreal, Québec H4P 1V5
	 
	 	 
	Lessee:

	 	PORTEC RAIL PRODUCTS LTD.
	 

	 	2044-32nd Avenue
	 

	 	Lachine, Québec H8T 3H7
	 
	 

	 	PAPAZOGLOU KONSTANTINOS 1952-07-19
	 
	 	 
	Transferee:

	 	BMW CANADA INC
	 

	 	920 Champlain Court
	 

	 	Whitby, Ontario L1N 6K9

 

 

	 	 	 

	Amount:

	 	Not mentioned
	 
	 	 
	Date of Execution:

	 	April 10, 2008
	 
	 	 
	Registration No.:

	 	08-0213278-0027
	 
	 	 
	Date of Registration:

	 	April 18, 2008
	 
	 	 
	Expiration Date of Registration:

	 	April 17, 2013
	 
	 	 
	Description of Property:

	 	Leisure vehicle:
	 
	 

	 	5UXFE43558L022191 2008 BMW X5 3.0si
	 
	 	 
	Comments:

	 	The transfer concerns all rights.
	 
	 	 
	 

	 	Assignment of rights registered on
October 22, 2009 under number
09-0658928-0001 by BMW Canada Inc. in
favour of BMW Canada Auto Trust.
	 
	 	 
	 

	 	Assignment of rights registered on
October 22, 2009 under number
09-0659039-0001 by BMW Canada Inc. in
favour BMW Receivables Limited
Partnership.
	 
	 	 
	 

	 	Assignment of rights registered on
October 22, 2009 under number
09-0659110-0001 by BMW Receivables
Limited Partnership in favour of BMW
Canada Auto Trust and its trustee BNY
Trust Company of Canada.
	 
	 	 
	 

	 	Rectification of an inscription
registered on September 1, 2010 under
number 10-0604114-0001 correcting the
address of BMW Canada Inc. and BMW Canada
Auto Trust with respect to assignment
09-0658928-0001.
	 
	 	 
	 

	 	Rectification of an inscription
registered on September 1, 2010 under
number 10-0604114-0002 correcting the
address of BMW Receivables Limited
Partnership and BMW Canada Auto Trust
with respect to assignment
09-0659110-0001.
	 
	 	 
	 

	 	Rectification of an inscription
registered on September 1, 2010 under
number 10-0604114-0003 correcting the
address of BMW Canada Inc. and BMW
Receivables Limited Partnership with
respect to assignment 09-0659039-0001.

 

 

	3.	 	Rights under a Lease and Transfer of Rights

	 	 	 

	Lessor:

	 	REGENCY INFINITI
	 

	 	819 Automall Drive
	 

	 	North Vancouver, BC V7P 3R8
	 
	 	 
	Lessee:

	 	PORTEC RAIL PRODUCTS LTD.
	 

	 	2044 32nd Ave
	 

	 	Lachine, Québec H8T 3H2
	 
	 	 
	Transferee:

	 	NISSAN CANADA INC.
	 

	 	5290 Orbitor Drive
	 

	 	Mississauga, Ontario L4W 4Z5
	Amount:

	 	Not mentioned
	 
	 	 
	Date of Execution:

	 	May 22, 2008
	 
	 	 
	Registration No.:

	 	08-0334707-0036
	 
	 	 
	Date of Registration:

	 	June 9, 2008
	 
	 	 
	Expiration Date of Registration:

	 	May 17, 2012
	 
	 	 
	Description of Property:

	 	Leisure vehicle:
	 
	 

	 	1N6AD09W18C432264 2008 NISSAN
FRONTIER
	 
	 	 
	Comments:

	 	The transfer concerns all rights.

	4.	 	Conventional Hypothec without Delivery

	 	 	 

	Holder:

	 	LABROSSE DEVELOPMENTS INC.
	 

	 	1455 Sherbrooke Street West
	 

	 	Suite 200
	 

	 	Montreal, Québec H3G 1L2
	 
	 	 
	Grantor:

	 	PORTEC RAIL PRODUCTS LTD.
	 

	 	172 Brunswick Blvd.
	 

	 	Pointe-Claire, Québec H9R 5P9
	 
	 	 
	Amount:

	 	 $129,478.00
	 
	 	 
	Date of Execution:

	 	 August 3, 2009
	 
	 	 
	Registration No.:

	 	 09-0482019-0001

 

 

	 	 	 

	Date of Registration:

	 	 August 6, 2009
	 
	 	 
	Expiration Date of Registration:

	 	 July 31, 2016
	 
	 	 
	Description of Property:

(Our translation)

	 	Universality of all movable property,
present and future, used directly or
indirectly by the Grantor, with respect
to the business of the Grantor, including
without limitation, all inventory,
equipment, accessories, furniture,
leasehold improvement of any kind and all
indemnities or sums paid pursuant to
contract or insurance policy thereto as
well as the universality of all claims
presently owed or to be owed to the
Holder.
	 
	 	 
	Comments:

	 	 N/A

	5.	 	Rights of Ownership of the Lessor (Leasing)

	 	 	 

	Lessor:

	 	 ROYNAT INC.
	 

	 	 Suite 300, 666 Burrard St.
	 

	 	 Vancouver, BC V6C 2X8
	 
	 	 
	Lessee:

	 	 PORTEC,PRODUITS FERROVIAIRES LTEE
	 

	 	 350 Industriel Blvd.
	 

	 	 St-Jean-sur-Richelieu, Québec J3B 4S6
	 
	 	 
	Amount:

	 	 Not mentioned
	 
	 	 
	Date of Execution:

	 	 July 7, 2010
	 
	 	 
	Registration No.:

	 	 10-0447628-0003
	 
	 	 
	Date of Registration:

	 	 July 7, 2010
	 
	 	 
	Expiration Date of Registration:

	 	 July 7, 2015
	 
	 	 
	Description of Property:

	 	 (1) 2010 CHARIOT ELEVATEUR HANGCHA MODELE
CPQD25NRW23YC SERIE R25 N/S 100521768
together with all attachments accessories
accessions replacements substitutions
additions and improvements thereto and
all proceeds in any form derived directly
or indirectly from any sale and or
dealings with the collateral and a right
to an insurance payment or other payment
that indemnifies or compensates for loss
or damage to the collateral or proceeds
of the collateral.

 

 

	 	 	 

	Comments:

	 	N/A

	6.	 	Rights under a Lease

	 	 	 

	Lessor:

	 	 HEWITT ÉQUIPEMENT LIMITÉE
	 

	 	 5001 TransCanada Highway
	 

	 	 Pointe-Claire, Québec H9R 1B8
	 
	 	 
	Lessee:

	 	 PORTEC PRODUITS FERROVIAIRES LTÉE
	 

	 	 172 Brunswick Blvd.
	 

	 	 Pointe-Claire, Québec H9R 5P9
	 
	 	 
	Amount:

	 	 Not mentioned
	 
	 	 
	Date of Execution:

	 	 July 22, 2010
	 
	 	 
	Registration No.:

	 	 10-0494688-0001
	 
	 	 
	Date of Registration:

	 	 July 23, 2010
	 
	 	 
	Expiration Date of Registration:

	 	 July 22, 2015
	 
	 	 
	Description of Property:

	 	 Leasing contract # CL-13539
	 
	 

	 	Description of leased equipment: Chariot
élévateur
	 
	 

	 	Mark / manufacturing: Caterpillar
	 
	 

	 	Model # 2CC4000 Serial # AT81F80127
	 
	 

	 	Other information: ID: 512126
	 
	 	 
	Comments:

	 	 N/A

	7.	 	Rights under a Lease and Transfer of Rights

	 	 	 

	Lessor:

	 	1850-9315 QUEBEC INC.
	 

	 	12 Auto Plaza
	 

	 	Pointe-Claire, Québec H9R 4W6
	 
	 	 
	Lessee:

	 	PORTEC, RAIL PRODUCTS LTD.
	 

	 	172 Brunswick Blvd.
	 

	 	Pointe Claire, Québec H9R 5P9

 

 

	 	 	 

	 

	 	PORTEC, RAIL PRODUCTS INC.
	 

	 	172 Brunswick Blvd.
	 

	 	Pointe Claire, Québec H9R 5P9
	 
	 	 
	 

	 	PORTEC, PRODUITS FERROVIAIRES LTÉE
	 

	 	172 Brunswick Blvd.
	 

	 	Pointe Claire, Québec H9R 5P9
	 
	 	 
	Transferee:

	 	TOYOTA CREDIT CANADA INC.
	 

	 	80 Micro Court, Suite 200
	 

	 	Markham, Ontario L3R 9Z5
	 
	 	 
	Amount:

	 	Not mentioned
	 
	 	 
	Date of Execution:

	 	November 3, 2010
	 
	 	 
	Registration No.:

	 	 10-0799517-0004
	 
	 	 
	Date of Registration:

	 	 November 12, 2010
	 
	 	 
	Expiration Date of Registration:

	 	 November 3, 2015
	 
	 	 
	Description of Property:

	 	Leisure vehicle:
	 
	 

	 	JTEBU5JR0A5024239 2010 TOYOTA 4RUNNER
	 
	 	 
	Comments:

	 	The transfer concerns all rights.

 

 

L. B. Foster Company

Letters of Credit

As of April 15, 2011

Schedule 2.8.1

Outstanding Standby Letters of Credit

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Beneficiary	 	Issuer	 	Issue Date	 	L/C Number	 	Amount	 	Expiration Date	 	Description
	Liberty Mutual
	 	PNC Bank, NA	 	 	10/15/2002	 	 	 	S252222	 	 	$	175,000.00	 	 	 	5/5/2012	 	 	Security held for obligation to pay insurance deductibles
	Douglas County
	 	PNC Bank, NA	 	 	12/3/2003	 	 	 	S262289	 	 	$	43,226.00	 	 	 	5/5/2012	 	 	Security held by municipality for performance obligations
	Sentry Insurance
	 	PNC Bank, NA	 	 	1/21/2004	 	 	 	S263691	 	 	$	250,000.00	 	 	 	5/5/2012	 	 	Security held for obligation to pay insurance deductibles
	SNC Lavalin Inc
	 	PNC Bank, NA	 	 	5/17/2006	 	 	 	18102967	 	 	$	365,877.56	 	 	 	8/5/2011	 	 	Security held by customer for warranty obligations
	Royal Bank of
Canada/SNC Lavalin
	 	PNC Bank, NA	 	 	9/21/2010	 	 	 	18113664	 	 	$	144,690.00	 	 	 	5/5/2012	 	 	Security held by customer for warranty obligations
	Royal Bank of
Canada/SNC Lavalin
	 	PNC Bank, NA	 	 	11/1/2010	 	 	 	18113982	 	 	$	143,668.90	 	 	 	5/5/2012	 	 	Security held by customer for warranty obligations
	Codelco Chile
	 	PNC Bank, NA	 	 	4/12/2011	 	 	 	18114845	 	 	$	26,204.00	 	 	 	8/31/2011	 	 	Security held by customer for performance obligations
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Outstanding
Letters of Credit
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	1,148,666.46	 	 	 	 	 	 	 	 	 

 

 

SCHEDULE 6.1.1

STATE QUALIFICATIONS

L. B. FOSTER COMPANY*

STATE OF INCORPORATION — PENNSYLVANIA

	 	 	 	 	 

	 

	 	ALASKA
	 	NORTH CAROLINA
	 

	 	ALABAMA
	 	NORTH DAKOTA
	 

	 	COLORADO
	 	OHIO
	 

	 	DELAWARE
	 	OREGON
	 

	 	FLORIDA
	 	PENNSYLVANIA
	 

	 	GEORGIA
	 	TENNESSEE
	 

	 	HAWAII
	 	TEXAS
	 

	 	IOWA
	 	UTAH
	 

	 	IDAHO
	 	VERMONT
	 

	 	ILLINOIS
	 	VIRGINIA
	 

	 	INDIANA
	 	WASHINGTON
	 

	 	KANSAS
	 	WEST VIRGINIA
	 

	 	KENTUCKY	 	 
	 

	 	LOUISIANA	 	 
	 

	 	MARYLAND	 	 
	 

	 	MICHIGAN	 	 
	 

	 	MINNESOTA	 	 
	 

	 	MISSOURI	 	 
	 

	 	MONTANA	 	 
	 

	 	NEBRASKA	 	 
	 

	 	NEW JERSEY	 	 
	 

	 	NEW YORK	 	 

 

 * As of 04/22/11

 

 

 

 

 

 

OFFICE OF THE SECRETARY OF STATE

OF THE STATE OF COLORADO

CERTIFICATE

I, Scott Gessler, as the Secretary of State of the State of Colorado, hereby certify that,
according to the records of this office,

L. B. FOSTER COMPANY

is an entity formed or registered under the law of Pennsylvania has complied with all
applicable requirements of this office, and is in good standing with this office. This entity has
been assigned entity identification number 19981210627.

This certificate reflects facts established or disclosed by documents delivered to this office on
paper through 04/19/2011 that have been posted, and by documents delivered to this office
electronically through 04/22/2011 @ 07:22:26.

I have affixed hereto the Great Seal of the State of Colorado and duly generated, executed,
authenticated, issued, delivered and communicated this official certificate at Denver, Colorado on
04/22/2011 @ 07:22:26 pursuant to and in accordance with applicable law. This certificate is
assigned Confirmation Number 7927480.

	 	 	 	 	 

	

	 	
 

Secretary of State of the State of Colorado
	 	 

***********************************End of Certificate***********************************

Notice: A certificate issued electronically from the Colorado Secretary of State’s
Web site is fully and immediately valid and effective. However, as an option, the
issuance and validity of a certificate obtained electronically may be established by
visiting the Certificate Confirmation Page of the Secretary of State’s Web site,
http://www.sos.state.co.us/biz/CertificateSearchCriteria.do entering the
certificate’s confirmation number displayed on the certificate, and following the
instructions displayed. Confirming the issuance of a certificate is merely optional and
is not necessary to the valid and effective issuance of a certificate. For more
information, visit our Web site, http://www.sos.state.co.us/click Business Center and
select “Frequently Asked Questions.”

CERT_GS_F Revised 08/20/2008

 

 

PAGE 1        

Delaware 

The First State

     I, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY
THAT A CERTIFICATE EVIDENCING THE CORPORATE EXISTENCE OF “L.B. FOSTER COMPANY”, A CORPORATION DULY
ORGANIZED UNDER THE LAWS OF THE STATE OF PENNSYLVANIA, WAS RECEIVED AND FILED IN THIS OFFICE AS A
FOREIGN CORPORATION ON THE TWENTY-EIGHTH DAY OF MAY, A.D. 1998.

     AND I DO HEREBY FURTHER CERTIFY THAT THE AFORESAID CORPORATION IS QUALIFIED TO DO BUSINESS
UNDER THE LAWS OF THE STATE OF DELAWARE AND IS IN GOOD STANDING AND HAS A LEGAL CORPORATE EXISTENCE
NOT HAVING BEEN WITHDRAWN OR REVOKED, SO FAR AS THE RECORDS OF THIS OFFICE SHOW AND IS DULY
AUTHORIZED TO TRANSACT BUSINESS IN THE STATE OF DELAWARE.

	 	 	 	 	 	 	 

	2901463   8360

110444919

	 	
	 	/s/ Jeffrey W. Bullock
 

Jeffrey W. Bullock, Secretary of State

AUTHENTICATION: 8712044

DATE: 04-22-11                    
	 	 

 

 

 

 

 

 

Department of Commerce and Consumer Affairs

CERTIFICATE OF GOOD STANDING

I, the undersigned Director of Commerce and Consumer Affairs of the
State of Hawaii, do hereby certify that

L. B. FOSTER COMPANY

incorporated under the laws of Pennsylvania

was duly registered to do business in Hawaii as a foreign corporation on
12/01/1998, and that, as far as the records of this Department reveal, has
complied with all of the provisions of the Hawaii Business Corporation Act,
regulating foreign profit corporations.

	 	 	 

	

	 	IN WITNESS WHEREOF, I have hereunto set
my hand and affixed the seal of the
Department of Commerce and Consumer
Affairs, at Honolulu, Hawaii.

Dated: April 22, 2011

Director of Commerce and Consumer Affairs

To check the authenticity of this certificate, please visit: http://hbe.ehawaii.gov/documents/authenticate.html

Authentication Code: 96965-COGS_PDF-19669F1

 

 

IOWA SECRETARY OF STATE

MATT SCHULTZ

Date: 4/22/2011

CERTIFICATE OF AUTHORIZATION

Name: L. B. FOSTER COMPANY (490 FP — 223035)

Authorized date: 12/2/1998

Duration: PERPETUAL

State of Incorporation: PENNSYLVANIA

     I, Matt Schultz, Secretary of State of the State of Iowa, custodian of the records of
incorporations, certify that the corporation named on this certificate is authorized to transact
business in this state, that all fees required by the Iowa Business Corporation Act have been paid
by the corporation, and that the most recent biennial corporate report required has been filed by
the Secretary of State.

	 	 	 

	Certificate ID: CS52864

To validate certificates visit:

www.sos.state.ia.us/ValidateCertificate

	 	
	   
	 	Matt Schultz
	 
	 	Iowa Secretary of State

 

 

State of Idaho

Office of the Secretary of State

CERTIFICATE OF EXISTENCE

OF

L.B. FOSTER COMPANY

File Number C-127333

     I, BEN YSURSA, Secretary of State of the State of Idaho, hereby certify that I am the
custodian of the corporation records of this State.

     I FURTHER CERTIFY That the records of this office show that the above-named corporation was
incorporated under the laws of PENNSYLVANIA and filed to transact business in Idaho on 1/28/1999.

     I FURTHER CERTIFY That the corporation is in goodstanding on the records of
this office.

Dated: 4/22/2011 7:54 AM

	 	 	 

	

	 	

SECRETARY OF STATE

Authentic Access Idaho Document ( http://www.accessidaho.org/public/portal/authenticate.html )

Tag:b5ae5f5ff8d74087ab3bfd55a0806a86bccf63af8abea500f7b8c5c0b39b6b6b5000f2ec5d5b7972

 

 

File Number  6000-959-7

To all to whom these Presents Shall Come, Greeting:

I, Jesse White, Secretary of State of the State of Illinois, do hereby certify that

L.B. FOSTER COMPANY, INCORPORATED IN PENNSYLVANIA AND LICENSED TO TRANSACT BUSINESS IN THIS
STATE ON JUNE 22, 1998, APPEARS TO HAVE COMPLIED WITH ALL THE PROVISIONS OF THE BUSINESS CORPORATION
ACT OF THIS STATE RELATING TO THE PAYMENT OF FRANCHISE TAXES, AND AS OF THIS DATE, IS A FOREIGN
CORPORATION IN GOOD STANDING AND AUTHORIZED TO TRANSACT BUSINESS IN THE STATE OF ILLINOIS.

	 	 	 

	

	 	In Testimony Whereof, I hereto set
my hand and cause to be affixed the Great Seal of
the State of Illinois, this 22ND
day of APRIL A.D.
2011        .

	 	 	 

	Authentication #: 1111200546

	 	
	   Authenticate at: http://www.cyberdriveillinois.com

	 	SECRETARY OF STATE

 

 

STATE OF INDIANA

OFFICE OF THE SECRETARY OF STATE

CERTIFICATE OF AUTHORIZATION

To Whom These Presents Come, Greetings:

I, Charles P. White, Secretary of State of Indiana, do hereby certify that I am, by virtue of the
laws of the State of Indiana, the custodian of the corporate records, and proper official to
execute this certificate.

I further certify that records of this office disclose that

L.B. FOSTER COMPANY

duly filed the requisite documents to commence business activities under the laws of State of
Indiana on May 29, 1998, and was in existence or authorized to transact business in the State of
Indiana on April 22, 2011.

I further certify this For-Profit Foreign Corporation has filed its most recent report required by
Indiana law with the Secretary of State, or is not yet required to file such report, and that no
notice of withdrawal, dissolution or expiration has been filed or taken place.

	 	 	 

	

	 	In Witness Whereof, I have hereunto set my hand 

and affixed the seal of the State of Indiana, at the 

city of Indianapolis, this Twenty-Second Day of April,

2011.

 

Charles P. White, Secretary of State

1998051629 / 2011042292099

 

 

	 	 	 

	STATE OF KANSAS

	 	 
	OFFICE OF
	 	 
	SECRETARY OF STATE
	 	 
	KRIS W. KOBACH
	 	 

I, KRIS W. KOBACH, Secretary of State of the state of Kansas, do hereby certify, that
according to the records of this office.

	 	 	 

	Business Entity ID Number:

	 	2997484 
	 
	 	 
	Entity Name:

	 	L.B. FOSTER COMPANY
	 
	 	 
	Entity Type:

	 	FOREIGN FOR PROFIT
	 
	 	 
	State of Organization:

	 	PA
	 
	 	 
	Resident Agent:

	 	CORPORATION SERVICE COMPANY
	 
	 	 
	Registered Office:

	 	200 SW 30TH STREET, TOPEKA, KS 66611

was filed in this office on March 23, 2001, and is in good standing, having fully complied with all
requirements of this office.

No information is available from this office regarding the financial condition, business activity
or practices of this entity.

	 	 	 

	

	 	In testimony whereof I execute this certificate and affix the seal of the Secretary of State
of the state of Kansas on this day of April 22, 2011

KRIS W. KOBACH

SECRETARY OF STATE

Certificate ID: 429944 - To verify the validity of this certificate please visit

https://www.accesskansas.org/bess/flow/validate and enter the certificate ID number.

 

 

Commonwealth of Kentucky

Elaine N. Walker, Secretary of State

	 	 	 	 

	Elaine N. Walker
	 	 	 
	Secretary of State
	 	 	 
	P.O. Box 718
	 	 	 
	Frankfort, KY 40602-0718

	 	 	Certificate of Authorization
	(502) 564-3490
	 	 	 
	http://www.sos.ky.gov
	 	 	 

Authentication number 112535

Visit https://app.sos.ky.gov/ftshow/certvalidate.aspx to authenticate this certificate.

     I, Elaine N. Walker, Secretary of State of the Commonwealth of Kentucky, do
hereby certify that according to the records in the Office of the Secretary of State,

L.B. FOSTER COMPANY

, a corporation organized under the laws of the state of Pennsylvania, is authorized to
transact business in the Commonwealth of Kentucky, and received the authority to transact business
in Kentucky on May 29, 1998.

     I further certify that all fees and penalties owed to the Secretary of State have been paid;
that an application for certificate of withdrawal has not been filed; and that the most recent
annual report required by KRS 271B.16-220 has been delivered to the Secretary of State.

     IN WITNESS WHEREOF, I have hereunto set my hand and affixed my Official Seal at Frankfort,
Kentucky, this 22nd day of April, 2011, in the 219th year of the Commonwealth.

	 	 	 	 	 

	

	 	 

/s/ Elaine N. Walker
 

Elaine N. Walker

Secretary of State

Commonwealth of Kentucky

112535/0457226
	 	 

 

 

L. B. FOSTER COMPANY

A corporation domiciled in PITTSBURGH, PENNSYLVANIA,

Filed charter and qualified to do business in this State on May 29, 1998,

I further certify that the records of this Office indicate the corporation has paid
all fees due the Secretary of State, and so far as the Office of the Secretary of State is
concerned is in good standing and is authorized to do business in this State.

I further certify that this Certificate is not intended to reflect the financial condition
of this corporation since this information is not available from the records of this
Office.

	 	 	 

	In testimony whereof, I have hereunto
set my hand and caused the Seal of my
Office to be affixed at the City of
Baton Rouge on,

April 22, 2011

	 	
	

	 	Certificate ID: 10160710#BRK73
	

	 	To validate this certificate, visit the
following web site, go to Commercial Division,
Certificate Validation, then follow the
instructions displayed. 

www.sos.louisiana.gov
	Web 34646177F
	 	 

 

 

 

 

This is to Certify That

L.B. FOSTER COMPANY

a(n) PENNSYLVANIA profit corporation, was validly authorized on November 30, 1998,
to transact business in Michigan, and that said corporation holds a valid certificate
of authority to transact business in this state.

This certificate is issued pursuant to the provisions of 1972 PA 284, as amended, to attest to
the fact that the corporation is in good standing in Michigan as of this date and is duly
authorized to transact business in this state any business of the character set forth in its
application which a domestic corporation formed under this act may lawfully conduct.

This certificate is in due form, made by me as the proper officer, and is entitled to have full
faith and credit given it in every court and office within the United States.

	 	 	 

	 

	 	In testimony whereof, I have hereunto set my
hand, in the City of Lansing, this 22nd day
of April, 2011.
	 
	 

	 	Director
	 

	 	Bureau of Commercial Services

GOLD SEAL APPEARS ONLY ON ORIGINAL

 

 

 

 

 

 

 

 

	 	 	 	 	 	 	 

	STATE OF

	 	 	 	
	 	NEBRASKA
	United States of America,

          State of Nebraska

	 	} ss.
	 	 	 	Department of State

Lincoln, Nebraska

I, John A. Gale, Secretary of State of Nebraska do hereby certify;

L. B. FOSTER COMPANY

a Pennsylvania corporation, was duly authorized to transact business in this state
on October 23, 1998.

I further certify that no occupation taxes assessed are unpaid and no biennial
reports are delinquent; and said corporation is in existence as of the date of this
certificate.

	 	 	 

	In Testimony Whereof,

	 	I have hereunto set my hand and
affixed the Great Seal of the State of
Nebraska on April 22, 2011.
	 

	 	
	 
	 

	 	SECRETARY OF STATE
	
	 	This certificate is not to be construed as an
endorsement, recommendation, or notice of approval of
the entity’s financial condition or business
activities and practices.
	 

	 	 

 

 

STATE OF NEW JERSEY

DEPARTMENT OF THE TREASURY

SHORT FORM STANDING

L.B. FOSTER COMPANY

0100764528

I, the Treasurer of the State of New Jersey, do hereby certify that the above-named
Pennsylvania Foreign Profit Corporation was registered by this office on November 30, 1998.

As of the date of this certificate, said business continues as an active business in good
standing in the State of New Jersey, and its Annual Reports are current.

I further certify that the registered agent and registered office are:

Corporation Service Company

830 Bear Tavern Road 

West Trenton, NJ 08628

	 	 	 

	

	 	IN TESTIMONY WHEREOF, 1 have
hereunto set my hand and affixed
my Official Seal at Trenton, this
22nd day of April, 2011

	 	
	 	Andrew P Sidamon-Eristoff
	 	 
	Certification# 120222320

	 	State Treasurer
	Verify this certificate at
	 	 
	https://www|.state.nj.us/TYTR_StandingCert/JSP/Verify_Cert.jsp
	 	 

Page 1 of 1

 

	 	 	 	 	 

	State of New York

Department of State
	 	}  ss:	 	 

I hereby certify, that L.B. FOSTER COMPANY a PENNSYLVANIA corporation, filed an Application
for Authority to do business in the State of New York on 07/02/1998. I further certify that so far
as shown by the records of this Department, such corporation is still authorized to do business in
the State of New York.

The Biennial Statement is past due.

***

	 	 	 

	

	 	Witness my hand and the official seal
of the Department of State at the City
of Albany, this 21st day of April two
thousand and eleven.
	 	
	 	 
	 	Daniel Shapiro
	 	First Deputy Secretary of State
	 
	201104220138 * 45
	 	 

 

 

	 	 	 

	

	 	
NORTH CAROLINA
Department of the Secretary of State

CERTIFICATE OF AUTHORIZATION

     I, Elaine F. Marshall, Secretary of State of the State of North Carolina, do hereby
certify that

L. B. FOSTER COMPANY

     a corporation organized under the laws of Pennsylvania was authorized to transact
business in the State of North Carolina by issuance of a certificate of authority on the 4th day
of March, 2011.

     I FURTHER certify that the said corporation’s certificate of authority is not suspended for
failure to comply with the Revenue Act of the State of North Carolina; that the said corporation’s
certificate of authority is not revoked for failure to comply with the provisions of the North
Carolina Business Corporation Act; that its most recent annual report required by G.S. 55-16-22 has
been delivered to the Secretary of State; and that a certificate of withdrawal has not been issued
in the name of the said corporation as of the date of this certificate.

	 	 	 

	

	 	IN WITNESS WHEREOF. I have
hereunto set my hand and affixed my
official seal at the City of Raleigh,
this 22nd day of April, 2011.
	 	
	 
	Certification# 91583314-1 Reference# 10575481-
Page: 1 of 1
 Verify this certificate
online at www.secretary.state.nc.us/verification

	 	Secretary
of State

 

 

 

 

United States of America

State of Ohio

Office of the Secretary of State

I, Jon Husted, do hereby certify that I am the duly elected, qualified and present acting
Secretary of State for the State of Ohio, and as such have custody of the records of Ohio and
Foreign business entities; that said records show L.B. FOSTER COMPANY, a Pennsylvania corporation,
having qualified to do business within the State of Ohio on June 19, 1998 under License No. 1009580
is currently in GOOD STANDING upon the records of this office.

	 	 	 

	

	 	Witness my hand and the seal of the

Secretary of State at Columbus, Ohio

this 22nd day of April, A.D. 2011

Ohio Secretary of State

Validation Number: V2011112AE0350

 

 

CERTIFICATE

State of Oregon

OFFICE OF THE SECRETARY OF STATE

Corporation Division

I, KATE BROWN, Secretary of State of Oregon, and Custodian of the Seal of said State, do
hereby certify:

A Business Corporation

incorporated under the laws of

Pennsylvania

was authorized to transact business in Oregon

as

L. B. FOSTER COMPANY

on

May 28, 1998.

I further certify that

L. B. FOSTER COMPANY

is active on the records of the Corporation Division as of

the date of this certificate.

	 	 	 

	

	 	In Testimony Whereof, I have hereunto set
 my hand and
affixed hereto the Seal of the 
State of Oregon.

	 	 	 	 	 
	 	KATE BROWN, Secretary of State

 	 
	 	By     /s/ Tange L. Auterson
	 
	 	Tange L. Auterson        	 
	 	April 22, 2011 	 
	 

Come visit us on the internet at http://www.filinginoregon.com

FAX (503) 378-4381

1301

 

COMMONWEALTH OF PENNSYLVANIA

DEPARTMENT OF STATE

APRIL 22, 2011

TO ALL WHOM THESE PRESENTS SHALL COME, GREETING:

I DO HEREBY CERTIFY THAT,

L. B. FOSTER COMPANY

Is duly incorporated as a Pennsylvania Corporation under the laws of the Commonwealth of
Pennsylvania and remains a subsisting corporation so far as the records of this office show, as of
the date herein.

I DO FURTHER CERTIFY THAT, This Certificate of Good Standing shall not imply that all fees,
taxes, and penalties owed to the Commonwealth of Pennsylvania are paid.

	 	 	 

	

	 	IN TESTIMONY WHEREOF, I have 
 hereunto set my
hand and caused 
 the Seal of the Secretary’s
Office to 
 be affixed, the day and year above
written.
 
             

Acting Secretary of the Commonwealth

Certification Number: 9477670-1

Verify this certificate online at http://www.corporations.state.pa.us/corp/soskb/verify.asp

 

 

	 	 	 

	

	 	STATE OF TENNESSEE 
Tre Hargett, Secretary of State

Division of Business Services

William R. Snodgrass Tower

312 Rosa L. Parks AVE, 6th FL

Nashville, TN 37243-1102

	 	 	 	 	 

	CFS

	 	 	 	April 25, 2011
	992 DAVIDSON DRIVE
	 	 	 	 
	SUITE B
	 	 	 	 
	Nashville, TN 37205
	 	 	 	 
	 
	 	 	 	 
	Request Type: Certificate of Existence/Authorization	 	Issuance Date: 04/25/2011
	Request #: 0036899	 	Copies Requested: 1

Document Receipt

	 	 	 	 	 	 	 

	Receipt #: 457857
	 	Filing Fee:	 	$	20.00	 
	Payment-Account - CFS, NASHVILLE, TN
	 	 	 	$	20.00	 

	 	 	 	 	 

	Regarding: L.B. FOSTER COMPANY
	 	 	 	 
	Filing Type: Corporation For-Profit - Foreign
	 	Control #:	 	361351
	Formation/Qualification Date: 12/01/1998
	 	Date Formed:	 	04/15/1998
	Status: Active
	 	Formation Locale:	 	Pennsylvania
	Duration Term: Perpetual
	 	Inactive Date:	 	 

CERTIFICATE OF AUTHORIZATION

I, Tre Hargett, Secretary of State of the State of Tennessee, do hereby certify that effective
as of the issuance date noted above

L.B. FOSTER COMPANY

 

* a Corporation formed in the jurisdiction set forth above, is authorized to transact business
in this
State;

* has paid all fees, taxes and penalties owed to this State (as reflected in the records of the
Secretary of State and the Department of Revenue)

   which affect the existence/authorization of
the business;

* has filed the most recent corporation annual report required with this office;

* has appointed a registered agent and registered office in this State;

* has not filed an Application for Certificate of Withdrawal.

	 	 	 

	 

	 	
	 

	 	Tre Hargett
	 

	 	Secretary of State
	Processed By: Nichole Hambrick
	 	 

Phone 615-741-6488 * Fax (615) 741-7310 * Website: http://tnbear.tn.gov/

 

 

	 	 	 	 	 

	Corporations Section

P.O.Box 13697

Austin. Texas 78711-3697

	 	
	 	Hope Andrade

Secretary of State

Office of the Secretary of State

Certificate of Fact

The undersigned, as Secretary of State of Texas, does hereby certify that the document,
Application For Certificate Of Authority for L.B. FOSTER COMPANY (file number 12124906), a
PENNSYLVANIA, USA, Foreign For-Profit Corporation, was filed in this office on May 28, 1998.

It is further certified that the entity status in Texas is in existence.

In testimony whereof, I have hereunto signed my name

officially and caused to be impressed hereon the Seal of

State at my office in Austin, Texas on April 22, 2011.

	 	 	 

	

	 	

Hope Andrade 
Secretary of State

	 	 	 	 	 

	 

	 	Come visit us on the internet at http:www.sos.state.tx.us	 	 
	Phone: (512) 463-5555

	 	Fax:(512)463-5709
	 	Dial: 7-1-1 for Relay
Services
	Prepared by: SOS-WEB

	 	TID: 10264
	 	Document: 365190870004

 

 

	 	 	 	 	 

	

	 	Utah Department of Commerce 

Division of Corporations & Commercial Code

160 East 300 South, 2nd Floor, PO Box 146705 

Salt Lake City, UT 84114-6705 

Service Center: (801) 530-4849

Toll Free: (877) 526-3994 Utah Residents 

Fax: (801) 530-6438 

Web Site: http://www.commerce.utah.gov
	 	 

04/22/2011

1420475-014304222011-3439695

CERTIFICATE OF EXISTENCE

	 	 	 

	Registration Number:

	 	1420475-0143
	Business Name:

	 	L.B. FOSTER COMPANY
	Registered Date:

	 	August 18, 1998
	Entity Type:

	 	Corporation - Foreign - Profit
	Current Status:

	 	Good Standing

     The Division of Corporations and Commercial Code of the State of Utah, custodian of
the records of business registrations, certifies that the business entity on this certificate is
authorized to transact business and was duly registered under the laws of the State of Utah. The
Division also certifies that this entity has paid all fees and penalties owed to this state; its
most recent annual report has been filed by the Division (unless Delinquent); and, that Articles
of Dissolution have not been filed.

	 	 	 

	
	 	
Kathy Berg

Director 

Division of Corporations and Commercial Code

Page 1 of 1

 

	STATE OF VERMONT OFFICE OF SECRETARY OF STATE
Certificate of Good Standing
I, James C. Condos, Vermont Secretary of State, do hereby certify that
according to the records of this office
L.B. FOSTER COMPANY
a            corporation formed under the laws of the State of
Pennsylvania was filed for record in this office on September 01, 2004
I further certify that the corporation has perpetual duration, that its most recent annual report
is on file, and, as of this date, articles of dissolution/withdrawal have not been filed.
April 22, 2011
Given under my hand and the seal of the State of
Vermont, at Montpelier, the State Capital
James C. Condos Secretary of State

 

 

I Certify the Following from the Records of the Commission:

L.B. FOSTER COMPANY, a corporation incorporated under the laws of PENNSYLVANIA is
authorized to transact business in Virginia and is in good standing. It obtained a
certificate of authority from the Commission on June 18, 1998.

Nothing more is hereby certified.

	 	 	 

	

	 	Signed and Sealed at Richmond on this Date:

April 22, 2011

/s/ Joel H. Peck

Joel H. Peck, Clerk of the Commission

 

 

	Secretary or State
I, SAM REED, Secretary of State of the State of Washington and custodian of its seal, hereby
issue this
CERTIFICATE OF EXISTENCE/AUTHORIZATION
OF L. B. FOSTER COMPANY
I FURTHER CERTIFY that the records on file in this office show that the above named Profit
Corporation was formed under the laws of the State of PA and was issued a Certificate Of
Authority in Washington on 5/29/1998.
I            FURTHER CERTIFY that as of the date of this certificate, L. B. FOSTER COMPANY remains
active and has complied with the filing requirements of this office.
Date: April 22,2011 UBI:
601-879-257
Given under my hand and the Seal of the State of
Washington at Olympia. the Slate Capital
Sum Reed. Secretary of .Slate

 

 

I, Natalie E. Tennant, Secretary of State of the

State of West Virginia, hereby certify that

L. B. FOSTER COMPANY

a corporation formed under the laws of Pennsylvania filed an application to
be registered as a foreign corporation authorizing it to transact business in West
Virginia. The application was found to conform to law and a “Certificate of
Authority” was issued fay the West Virginia Secretary of State
on June 01, 1998.

I further certify that the corporation has not been revoked by the State of
West Virginia nor has a Certificate of Withdrawal been issued to the corporation by
the West Virginia Secretary of State.

Accordingly, I hereby issue this

CERTIFICATE OF AUTHORIZATION

	 	 	 

	

	 	Given under my hand and the 

Great Seal of the State of 

West Virginia on this day of 

April 22, 2011

	 	 	 	 	 
	 	 	 
	 	
/s/ Natalie E. Tennant
 	 
	 	Secretary of State	 
	 	 	 
	 

 

 

	 	 	 	 	 

	 

	 	STATE QUALIFICATIONS
	 	SCHEDULE 6.1.1
	 

	 	CXT INCORPORATED*	 	 

STATE OF INCORPORATION — DELAWARE

	 	 	 

	 

	 	ALASKA
	 
	 	 
	 

	 	CALIFORNIA
	 
	 	 
	 

	 	DELAWARE
	 
	 	 
	 

	 	FLORIDA
	 
	 	 
	 

	 	IDAHO
	 
	 	 
	 

	 	KANSAS
	 
	 	 
	 

	 	NEBRASKA
	 
	 	 
	 

	 	NEVADA* *
	 
	 	 
	 

	 	NEW JERSEY
	 
	 	 
	 

	 	OREGON
	 
	 	 
	 

	 	PENNSYLVANIA
	 
	 	 
	 

	 	TEXAS
	 
	 	 
	 

	 	UTAH
	 
	 	 
	 

	 	WASHINGTON

 

			
	*	 	AS OF 04/22/11
	 
	**	 	due to CXT INC. already in use, CXT Precast Products was registered.

 

 

	State of Alaska Department of Commerce, Community, and Economic Development
CERTIFICATE OF GOOD STANDING THE UNDERSIGNED, as Commissioner of Commerce,
Community, and Economic Development of the State of Alaska, and custodian of
corporation records for said state, hereby certifies that CXT INCORPORATED a
Business Corporation using in Alaska the name CXT Incorporated Alaska Entity #
116119 a DELAWARE entity was created under the laws of this State on the 14th day
of May, 2008, and is in good standing, having fully complied with all requirements
of this office. IN TESTIMONY WHEREOF, I execute this certificate and of Alaska on
the 22nd day Certification Number: 504360-1 Verify this certificate online at
https://myalaska.state.ak.us/business/soskb/veriry.asp

 

 

State of California

Secretary of State

CERTIFICATE OF STATUS

ENTITY NAME:

     CXT INCORPORATED

	 	 	 

	FILE NUMBER:

	 	C1956172
	REGISTRATION DATE:

	 	12/28/1995
	TYPE:

	 	FOREIGN CORPORATION
	JURISDICTION:

	 	DELAWARE
	STATUS :

	 	ACTIVE (GOOD STANDING)

I, DEBRA BOWEN, Secretary of State of the State of California, hereby certify:

The records of this office indicate the entity is qualified to transact intrastate business in the
State of California.

No information is available from this office regarding the financial condition, business activities
or practices of the entity.

	 	 	 

	 	 	IN WITNESS WHEREOF, I execute this certificate and affix the Great 
Seal of the State of California
this day of April 22, 2011.
	
	 	 
	 	
	 	DEBRA BOWEN

Secretary of State
	 	

			
	 	 	 
	NP-25 (REV 1/2007)
	 	MMS

OSP 06 8973

 

 

PAGE 1

Delaware

The First State

     I, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY “CXT
INCORPORATED” IS DULY INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE AND IS IN GOOD STANDING
AND HAS A LEGAL CORPORATE EXISTENCE SO FAR AS THE
RECORDS OF THIS OFFICE SHOW, AS OF THE TWENTY-SECOND DAY OF APRIL, A.D. 2011.

     AND I DO HEREBY FURTHER CERTIFY THAT THE SAID “CXT INCORPORATED” WAS INCORPORATED ON THE SIXTEENTH
DAY OF OCTOBER, A.D. 1990.

     AND I DO HEREBY FURTHER CERTIFY THAT THE FRANCHISE TAXES HAVE BEEN PAID TO DATE.

     AND
I  DO HEREBY FURTHER CERTIFY THAT THE ANNUAL REPORTS HAVE BEEN FILED TO DATE.

	 	 	 

	 

	 	Jeffrey W. Bullock
 
 Jeffrey
W. Bullock, Secretary of State

	 	 	 	 	 

	2244003 8300

	 	
	 	AUTHENTICATION: 8712065
	110444973

	 	 	DATE: 04-22-11

 

 

	State of Florida Department of State I certify from the records of this office that
CXT INCORPORATED is a corporation organized under the laws of Delaware, authorized to
transact business in the State of Florida, qualified on March 30, 2009.
The document number of this corporation is F09000001348. I further certify
that said corporation has paid all fees due this office through December 31, 2011,
that its most recent annual report was filed on April 18,2011, and its status is active.
I further certify that said corporation has not filed a Certificate of Withdrawal.
Given under my hand and the Great Seal of Florida, at Tallahassee, the Capital, this
the Twenty Second day of April, 2011Secretary of State Authentication
ID: 000203679830-042211-F09000001348 To authenticate this certificate.visit the
following site, enter this ID, and then follow the instructions displayed.
https://efile.sunbiz.org/certauthver.html

 

 

State of Idaho

Office of the Secretary of State

CERTIFICATE OF EXISTENCE

OF

CXT INCORPORATED

File Number C-l28880

     I, BEN YSURSA, Secretary of State of the State of Idaho, hereby certify that I am the custodian of
the corporation records of this State.

     I FURTHER CERTIFY That the records of this office show that the above-named corporation was
incorporated under the laws of DELAWARE and filed to transact business in Idaho on 5/14/1999.

     I FURTHER CERTIFY That the corporation is in goodstanding on the records of this office.

Dated: 4/22/2011 7:30 AM

	 	 	 

	

	 	
	 	SECRETARY OF STATE

Authentic
Access Idaho Document ( http://www.accessidaho.org/public/portal/authenticate.html)

Tag: b5ae5f5ff8d74087ae8fe7e5b329a4aa52df58b5384a2bda92c20cOe7d527a61d3824b08e984f4a6

 

 

STATE OF KANSAS

          OFFICE OF

SECRETARY OF STATE

KRIS W. KOBACH

I, KRIS W. KOBACH, Secretary of State of the state of Kansas, do hereby certify, that according to
the records of this office.

Business Entity ID Number: 3945631

Entity Name: CXT INCORPORATED

Entity Type: FOREIGN FOR PROFIT

State of Organization: DE

Resident Agent: CORPORATION SERVICE COMPANY

Registered Office: 200 SW 30TH STREET, TOPEKA, KS 66611

was filed
in this office on June 07, 2006, and is in good standing, having fully complied with all
requirements of this office.

No information is available from this office regarding the financial condition, business activity
or practices of this entity.

	 	 	 

	 

	 	In testimony whereof I execute this certificate and affix
 the seal of the Secretary of State of the
state of Kansas
 on this day of April 22, 2011
	 	 	 
	
	 	 
	 	
	 	KRIS W. KOBACH

SECRETARY OF STATE

Certificate
ID: 429945 - To verify the validity of this certificate please visit

https://www.accesskansas.org/bess/flow/validate and enter the certificate ID number.

 

 

	 	 	 	 	 	 	 	 	 

	STATE OF

	 	 	 	 	 	 	 	NEBRASKA
	 
	 	 	 	 	 	 	 	 
	United States of America,

State of Nebraska

	 	}

	 	SS.

	 	
	 	Department of State
	

	 	 	 	 	 	 	 	Lincoln, Nebraska

I, John A. Gale, Secretary of State of Nebraska do hereby certify;

CXT INCORPORATED

a
Delaware corporation, was duly authorized to transact business in this state on March 10, 1998.

I further certify that no occupation taxes assessed are unpaid and no biennial reports are
delinquent; and said corporation is in existence as of the date of this certificate.

	 	 	 

	In Testimony Whereof,

	 	I have hereunto set my hand and
affixed the Great Seal of the State of Nebraska on April 22, 2011.
	 	 	 	 
	
	 	 
	 	
	 	SECRETARY OF STATE
	 	 
	 	This certificate is not to be construed as an endorsement, recommendation, 
or notice of approval of
the entity’s financial condition or business activities and practices.

 

 

	CERTIFICATE OF EXISTENCE WITH STATUS IN GOOD STANDING I, ROSS MILLER,
the duly elected and qualified Nevada Secretary of State, do hereby certify
that I am, by the laws of said State, the custodian of the records relating
to filings by corporations, non-profit corporations, corporation soles,
limited-liability companies, limited partnerships, limited-liability partnerships
and business trusts pursuant to Title 7 of the Nevada Revised Statutes which are
either presently in a status of good standing or were in good standing for a time
period subsequent of 1976 and am the proper officer to execute this certificate.
I further certify that the records of the Nevada Secretary of State, at the date
of this certificate, evidence, CXT PRECAST PRODUCTS, as a corporation duly organized
under the laws of Delaware and existing under and by virtue of the laws of the State
of Nevada since November 12,2008, and is in good standing in this state. IN WITNESS
WHEREOF, I have hereunto set my hand and affixed the Great Seal of State, at my office
on April 25,2011. ROSS MILLER Secretary of State Electronic Certificate Certificate
Number: C20110425-0181 You may verify this electronic certificate online at http://www.nvsos.gov/

 

 

STATE OF NEW JERSEY

DEPARTMENT OF THE TREASURY

SHORT FORM STANDING

CXT
INCORPORATED

0100979480

I, the Treasurer of the State of New Jersey, do hereby certify that the above-named Delaware
Foreign Profit Corporation was registered by this office on May 8, 2007.

As of the date of this certificate, said business continues as an active business in the State of
New Jersey. Annual Reports are outstanding for the following year(s):

2010

I further certify that the registered agent and registered office are:

Corporation Service Company

830 Bear Tavern Road

West Trenton, NJ 08628

	 	 	 

	 

	 	IN TESTIMONY WHEREOF, I have 

hereunto set my hand and affixed my Official Seal at Trenton, this
22nd day of April, 2011
	 	 	 	 
	
	 	 
	 	
	 

	 	Andrew P Sidamon-Eristoff
	Certification# 120221736

	 	State Treasurer
	 
	 	 
	Verify this certificate at
	 	 
	https://wwwl .state.nj.us/TYTR_StandingCert/JSP/Verify Cert.jsp
	 	 

Page 1 of 1

 

CERTIFICATE

State of Oregon

OFFICE OF THE SECRETARY OF STATE

Corporation Division

I, KATE BROWN, Secretary of State of Oregon, and Custodian of the Seal of said State, do hereby
certify:

A Business Corporation

incorporated under the laws of

Delaware

was authorized to transact business in Oregon

as

CXT INCORPORATED

on

August 20,1993.

I further certify that

CXT INCORPORATED

is active on the records of the Corporation Division as of the date of this certificate.

	 	 	 	 	 	 	 

	 	 	In Testimony Whereof, I have hereunto set my hand and affixed
	 	 	hereto the Seal of the 
State of Oregon
	 
	 	 	 	 	 	 
		 	KATE BROWN, Secretary of State
	 

	 	By:
	 	/s/ Tange L. Auterson
 
 Tange
L. Auterson	 	 
	 

	 	 	 	April 22, 2011	 	 

Come
visit us on the internet at http://www.filinginoregon.com

FAX (503) 378-4381

1301
 

 

 

COMMONWEALTH OF PENNSYLVANIA

DEPARTMENT OF STATE

APRIL
25, 2011

TO ALL WHOM THESE PRESENTS SHALL COME, GREETING:

I DO HEREBY CERTIFY THAT,

CXT INCORPORATED

is duly qualified as a Foreign Corporation under the laws of the Commonwealth of Pennsylvania and
remains a subsisting corporation so far as the records of this office show, as of the date herein.

I DO FURTHER CERTIFY THAT, This Certificate of Good Standing shall not imply that all fees, taxes,
and penalties owed to the Commonwealth of Pennsylvania are paid.

	 	 	 

	 

	 	IN TESTIMONY WHEREOF, I have hereunto set my hand and caused the Seal of the Secretary’s Office to
be affixed, the day and year above written.
	 
	 	 
	

	 	

 
 Acting
Secretary of the Commonwealth

Certification
Number: 9481668-1

Verify
this certificate online at
http://www.corporations.state.pa.us/corp/soskb/verify.asp

 

 

	 	 	 	 	 

	Corporations Section

	 	 	 	Hope Andrade
	P.O.Box 13697

	 	 	 	Secretary of State
	Austin. Texas 78711-3697

	 		 	 

Office of the Secretary of State

Certificate of Fact

The undersigned, as Secretary of State of Texas, does hereby certify that the document, Application
for Certificate of Authority for CXT Incorporated (file number 800086599), a DELAWARE, USA, Foreign
For-Profit Corporation, was filed in this office on May 22, 2002.

It is further certified that the entity status in Texas is in existence.

	 	 	 

	 

	 	In testimony whereof, I have hereunto signed my name officially and caused to be impressed hereon
the Seal of State at my office in Austin, Texas on April 22, 2011.
	 	 	 	 
	
	 	 
	

	  	
	 

	 	Hope Andrade
	 

	 	Secretary of State

	 	 	 	 	 

	 

	 	Come visit us on the internet at http: www.sos.state.tx.us	 	 
	Phone: (512) 463-5555

	 	Fax:  (512) 463-5709
	 	Dial: 7-1-1 for Relay Services
	Prepared by: SOS-WEB

	 	TID: 10264
	 	Document: 365190870004

 

 

	 	 	 	 	 

	

	 	Utah Department of Commerce

Division of Corporations & Commercial Code

160 East 300 South, 2nd Floor, PO Box 146705

Salt Lake City, UT 84114-6705

Service Center: (801) 530-4849

Toll Free: (877) 526-3994 Utah Residents

Fax: (801) 530-6438

Web Site: http://www.commerce.utah.gov
	 	 

04/22/2011

1213350-014304222011 -95510

CERTIFICATE OF EXISTENCE

	 	 	 

	Registration Number:

	 	1213350-0143
	Business Name:

	 	CXT INCORPORATED
	Registered Date:

	 	April 12, 1993
	Entity Type:

	 	Corporation - Foreign - Profit
	Current Status:

	 	Good Standing

     The Division of Corporations and Commercial Code of the State of Utah, custodian of the
records of business registrations, certifies that the business entity on this certificate is
authorized to transact business and was duly registered under the laws of the State of Utah. The
Division also certifies that this entity has paid all fees and penalties owed to this state; its
most recent annual report has been filed by the Division (unless Delinquent); and, that Articles of
Dissolution have not been filed.

	 	 	 

	

	 	

Kathy Berg

Director

Division of Corporations and Commercial Code

 

 

 

 

SCHEDULE 6.1.1

STATE QUALIFICATIONS

PORTEC RAIL PRODUCTS, INC.

STATE
OF INCORPORATION - WEST VIRGINIA

	 	 	 	 	 

	 

	 	FLORIDA
	 	 
	 

	 	NEBRASKA	 	 
	 

	 	NORTH CAROLINA	 	 
	 

	 	PENNSYLVANIA*	 	 
	 

	 	WASHINGTON	 	 
	 

	 	WEST VIRGINIA	 	 

 

 

 

 

	 	 	 	 	 	 	 

	STATE OF

	 	 	 	
	 	NEBRASKA
	United States of America,

	} ss.	 	 	 	 	Department of State
	State of Nebraska

	
	 	 	 	Lincoln, Nebraska

I, John A. Gale, Secretary of State of Nebraska do hereby certify;

PORTEC RAIL PRODUCTS, INC.

a West Virginia corporation, was duly authorized to transact business in this state
on September 27, 2010.

I further certify that no occupation taxes assessed are unpaid and no biennial
reports are delinquent; and said corporation is in existence as of the date of this
certificate.

	 	 	 

	In Testimony Whereof,

	 	I have hereunto set my hand and

affixed the Great Seal of the State

of Nebraska on April 22, 2011.

	 	 	 	 	 

	

	 	

SECRETARY OF STATE
	 	 

	 	 	 

	 

	 	This certificate is not to be construed as an endorsement,

recommendation, or notice of approval of the entity’s 

financial condition or business activities and practices.

 

 

	 	 	 	 	 

	

	 	NORTH CAROLINA

	 	 
	 	Department of the Secretary of State	 	 

CERTIFICATE OF AUTHORIZATION

     I, Elaine F. Marshall, Secretary of State of the State of North Carolina, do hereby
certify that

PORTEC RAIL PRODUCTS, INC.

     a corporation organized under the laws of West Virginia was authorized to transact
business in the State of North Carolina by issuance of a certificate of authority on the 13th day
of August, 2009.

     I FURTHER certify that the said corporation’s certificate of authority is not suspended for
failure to comply with the Revenue Act of the State of North Carolina; that the said corporation’s
certificate of authority is not revoked for failure to comply with the provisions of the North
Carolina Business Corporation Act; that its most recent annual report required by G.S. 55-16-22 has
been delivered to the Secretary of State; and that a certificate of withdrawal has not been issued
in the name of the said corporation as of the date of this certificate.

	 	 	 

	

	 	IN WITNESS WHEREOF. I have hereunto set

my hand and affixed my official seal at the City 

of Raleigh, this 22nd day of April, 2011.

	 	 	 

	 

	 	
	Certification# 91583551-1 Reference# 10575550- Page: 1 of 1

	 	Secretary of State
	Verify this certificate online at www.secretary.state.nc.us/verification
	 	 

 

 

 

 

I, Natalie E. Tennant, Secretary of State of the

State of West Virginia, herby certify that

PORTEC RAIL PRODUCTS, INC.

was incorporated under the laws of West Virginia and a Certificate of Incorporation was issued
by the West Virginia Secretary of State’s Office on
October 15, 1997.

I further certify that the corporation has not been revoked by the State of West Virginia nor
has the West Virginia Secretary of State issued a Certificate of Dissolution to the corporation.

Accordingly, I hereby issue this

CERTIFICATE OF EXISTENCE

	 	 	 	 	 

	

	 	Given under my hand and the

Great Seal of the State of

West Virginia on this day of

April 14, 2011	 	 
	 

	 	/s/ Natalie E. Tennant
 

	 	 
	 

	 	Secretary of State	 	 

 

 

SCHEDULE 6.1.1

STATE QUALIFICATIONS

SALIENT SYSTEMS, INC.

STATE
OF INCORPORATION - OHIO

OHIO

 

 

United States of America

State of Ohio

Office of the Secretary of State

I, Jon Husted, do hereby certify that I am the duly elected, qualified and present

acting Secretary of State for the State of Ohio, and as such have custody of the

records of Ohio and Foreign business entities; that said records show SALIENT

SYSTEMS, INC., an Ohio corporation, Charter No. 1476909, having its principal

location in Dublin, County of Franklin, was incorporated on July 16, 2004 and is

currently in GOOD STANDING upon the records of this office.

	 	 	 

	

	 	Witness my hand and the seal of the

Secretary of State at Columbus, Ohio

this 13th day of April, A.D. 2011

 

Ohio Secretary of State

Validation Number: V2011103A70059

 

 

SCHEDULE 6.1.1

STATE QUALIFICATIONS

PORTEC, RAIL PRODUCTS LTD.

INCORPORATION
- PROVIDENCE OF QUEBEC

QUEBEC, CANADA

 

 

REZ-130 (2010-10)

Certificat d’attestation

Loi sur
la publicité légale des entreprises

J’atteste que

PORTEC, PRODUITS FERROVIAIRES LTÉE

et sa ou ses versions

PORTEC, RAIL PRODUCTS LTD

	•	 	est immatriculée depuis le 26 mai 1995.
	 
	•	 	n’est pas en défaut de déposer une déclaration de mise à jour annueiie.
	 
	•	 	n’est pas en défaut de se conformer à une demande qui iul a été faite en vertu
de l’article 73.
	 
	•	 	n’est pas en voie de dissolution.
	 
	•	 	n’est pas radiée.

Numéro de certification : 283359431

Le numéro de certification ci-dessus vous permet de consulter en tout temps ce document
certifié à partir du service en iigne «Vérifier un numéro de certification» du
Registraire des entreprises.

	 	 	 

	

	 	Déposé au registre le 21 avril 2011
sous le
 numéro d’entreprise du Québec
1144695112.

Regisiraire des entreprises

 

 

	Certificate of Compliance            Certificat de conformity
Canada Bus/ness Corporations Act            Lai canactfenne aw l9s socletas par actions
8.283.1 art 283.1
PORTEC, RAIL PRODUCTS LTD. PORTEC. PRODUITS FERROVIAIRES LTEE
Corporate name / Denomination sociale
310256-4
Corporolion number / Numiro dc socidld

	I HEREBY CERTIFY that the corporation JE CERTJFJE, par ib prisente, que la socie“t£
ci-
named above: dessus mentionne’e :
• exists underlie Canada Business • existe en vertu de la Lot canadienne
Corporations Act; sur les soctet&s par actions;
• has filed the required annual returns; and • a depose les rapports annuels exiges; et
• has paid all prescribed fees required. • a acquitte’les droits presents.
Aissa Aomari
Depuly Director / Direcleur adjoint
2011-04-21
lssuimcVdate (YYYY-MM-DD) Date demission (AAAA-MM-JJ)

 

 

SCHEDULE 6.1.1

STATE QUALIFICATIONS

KELSAN TECHNOLOGIES CORP.

INCORPORATION — PROVIDENCE OF BRITISH COLUMBIA

BRITISH COLUMBIA, CANADA

 

 

			
	
	 	Number: A0064145

CERTIFICATE

OF

GOOD STANDING

BUSINESS CORPORATIONS ACT

I Hereby Certify that, according to the corporate register maintained by me, KELSAN TECHNOLOGIES
CORP. is registered as an amalgamated extraprovincial company under the laws of the Province of
British Columbia and is, with respect to the filing of annual reports, in good standing.

	 	 	 

	

	 	Issued under my hand at Victoria, British
Columbia 
On April 20, 2011

RON TOWNSHEND

Registrar of Companies

Province of British Columbia

Canada

 

 

	Certificate of Compliance            Certificat de conformity
Canada Business Corporatlons Act Loi canadlenne sur les soclAUs par actions
3.263.1 ait. 263.1
KELSAN TECHNOLOGIES CORP.
Cwporale name / Denomination sociale
427412-1
Corporation number / Numlro de socteli
I HEREBY CERTIFY that the corporation JE CERTIF1E, par la presente, que la socieli ci-
named above: dessus mentionne’e:
• exists under the Canada Business • existe en vertu de la Lot canadlenne
Corporations Act; sur les socletes par actions;
• has filed the required annual returns; and • a depose les rapports annuals exiges; et
• has paid all prescribed fees required. • a acquittd les droits presents.
ATssa Aomarl
Deputy Director/ Dircctcur adjoint
2011-04-20
Issuance date (YYYYY-MM-Dl))” Date d’dmission (AAAA-MM-JJ)

 

 

L. B. Foster Company

Subsidiaries

Schedule 6.1.2

	 	 	 	 	 
	Entity Name	 	Jurisdiction of Organization	 	Equity Interest
	CXT Incorporated

	 	Delaware, USA
	 	100% of shares of
common stock owned by
L. B. Foster Company
	Coal Train Holdings,
Inc.

	 	Delaware, USA
	 	100% of shares of
common stock owned by
L. B. Foster Company
	Portec Rail Products,
Inc.

	 	West Virginia, USA
	 	100% of shares of
common stock owned by
L. B. Foster Company
	Salient Systems, Inc.

	 	Ohio, USA
	 	100% of shares of
common stock owned by
Portec Rail Products,
Inc
	Portec Rail Nova
Scotia Company

	 	Canada
	 	100% of shares of
common stock owned by
Portec Rail Products,
Inc
	Portec Rail Products,
Ltd.

	 	Canada
	 	100% of shares of
common stock owned by
Portec Rail Nova
Scotia Company
	Kelsan Technologies
Corporation

	 	Canada
	 	100% of shares of
common stock owned by
Portec Rail Products,
Ltd
	Portec Rail Products
(UK) Ltd.

	 	England
	 	100% of shares of
common stock owned by
Portec Rail Products,
Inc
	Coronet Rail Limited

	 	England
	 	100% of shares of
common stock owned by
Portec Rail Products
(UK) Ltd
	Kelsan Technologies
(Europe) Ltd.

	 	England
	 	100% of shares of
common stock owned by
Portec Rail Products
(UK) Ltd

 

 

L. B. Foster Company

Environmental Disclosures

Schedule 6.1.14

Plaintiff — Niagara Mohawk Power Corporation

In July 1999, Portec, Inc., the predecessor of Portec Rail Products, was named as a defendant in
Niagara
Mohawk Power Corporation v. Chevron, et al. venued in the United States District Court, Northern
District of
New York. The plaintiff, Niagara Mohawk Power Corporation (“Niagara Mohawk”) is seeking
contribution from
nine named defendants for costs it has incurred, and is expected to incur, in connection with the
environmental
remediation of property located in Troy, New York under the Comprehensive Environmental Response,
Compensation and Liability Act, also known as “CERCLA” or “Superfund,” and other causes of action.
The basis of the action stems from Niagara Mohawk’s agreement with the New York State Department of
Environmental Conservation, pursuant to an Order on Consent, to environmentally remediate property
identified as the Troy Water
Street Site. The defendants consist of companies that at the time were industrial in nature, or
owners of companies
industrial in nature, and who owned or operated their businesses on portions of the Troy Water
Street site or on
properties contiguous, or otherwise in close proximity, to the TroyWater Street Site. Niagara
Mohawk alleges that
the defendants either released hazardous materials directly to the Troy Water Street site or
released hazardous
materials that migrated onto the Troy Water Street Site, and therefore the defendants should be
responsible for a
portion of the costs of remediation.

The plaintiff seeks to recover costs, which it has incurred, and may continue to incur, to
investigate and
remediate its former property as required by the New York State Department of Environmental
Conservation
(NYSDEC). Portec has not been named as a liable party by the NYSDEC and it believes it will have no
liability to
the plaintiff in the case. It filed a motion for summary judgment seeking a ruling to have Portec
dismissed from the
case. In November 2003, the motion for summary judgment was granted and Portec was dismissed from
the case by
the United States District Court for the Northern District of New York. In March 2004, the
plaintiff filed a notice of
appeal to the United States Court of Appeals for the Second Circuit, appealing, in part, the
District Court’s decision
to dismiss all claims against Portec. In April 2005, the plaintiff’s appeal was dismissed by the
Second Circuit Court
without prejudice, and the matter was remanded to the United States District Court for the Northern
District of
New York for consideration in light of a recent United States Supreme Court decision. As a result,
in June 2006, the
District Court dismissed all claims brought by the plaintiff pursuant to CERCLA. In July 2006, the
plaintiff filed a
notice of appeal to the Second Circuit. However, in early 2008, the plaintiff’s appeal was
dismissed again by the
Second Circuit Court without prejudice, and the matter was remanded to the District Court for
consideration in light
of another recent United States Supreme Court decision. In July 2008, The District Count decided
that the
United States Supreme Court decision did not necessitate any change in the District Court’s prior
determinations in
this case and held that all of its prior rulings stand. In August 2008, the plaintiff filed a third
notice of appeal to the
Second Circuit Court. On February 24, 2010, the Second Circuit issued its decision, reversing the
order of the
District Court which dismissed Portec from the litigation, stating that there were genuine issues
of material fact. In
addition, the Second Circuit reinstated the plaintiff’s CERCLA claims, stating that the plaintiff
is entitled to bring a
claim for contribution under Section 113(f)(3)(B) of CERCLA. Ongoing litigation may be protracted,
and Portec
may incur additional ongoing legal expenses, which are not estimable at this time. Should Portec
ultimately be held
liable, damages may be assessed by the Court in accordance with CERCLA.

The Company believes that Niagara Mohawk’s case against it is without merit. Because Niagara Mohawk
is
seeking unspecified monetary contribution from the defendants, no specific claim for contribution
from Portec has
been asserted. It is possible that such a contribution would have a material adverse effect on the
Company’s
financial condition or results of operations. However, total clean up costs at the TroyWater Street
site are expected
to be substantial. If liability for a portion of these costs is attributed to Portec, such
liability could be material.
Furthermore, if Niagara Mohawk wins on appeal, ongoing litigation may be protracted and legal
expenses may be material to the Company’s results of operation

 

SCHEDULE 7.1.1

REQUIREMENTS OF OPINION OF COUNSEL

Opinion points to be covered:

	 	 	 

	6.1.1

	 	Organization and Qualification; Power and Authority
	 
	 	 
	6.1.3

	 	Validity and Binding Effect
	 
	 	 
	6.1.4

	 	No Conflict with organizational documents or Material Agreements; Consents
	 
	 	 
	6.1.5

	 	Litigation with respect to Credit Agreement

Such other matters as Administrative Agent may reasonably request

 

 

L. B. Foster Company and Subsidiaries

Permitted Indebtedness

As of March 31, 2011

Schedule 8.2.1

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Capital Leases	 
	Lessee	 	Lessor	 	 	Description	 	Balance	 
	L. B. Foster
Company
	 	City of Hillsboro	 	Land and Building in Hillsboro, TX	 	$	60,983	 
	L. B. Foster
Company
	 	Banc of America Leasing	 	Assets at facility in Tucson, AZ	 	$	2,298,601	 
	L. B. Foster
Company
	 	Banc of America Leasing	 	Bobcat for Relay Rail Division in Houston, TX	 	$	12,249	 
	L. B. Foster
Company
	 	Banc of America Leasing	 	Ford F150 for Relay Rail Division in Houston, TX	 	$	10,676	 
	L. B. Foster
Company
	 	IBM Corporation	 	IBM I Series Equipment	 	$	97,114	 
	L. B. Foster
Company
	 	Xerox Corporation	 	Xerox Multifunction Copier - Allentown, PA	 	$	10,236	 
	L. B. Foster
Company
	 	Xerox Corporation	 	Xerox Multifunction Copier - Birmingham, AL	 	$	10,236	 
	L. B. Foster
Company
	 	Xerox Corporation	 	Xerox Multifunction Copier - Pueblo, CO	 	$	10,236	 
	L. B. Foster
Company
	 	Xerox Corporation	 	Xerox Colorcube Copier - Atlanta, GA	 	$	19,481	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Total Capital Leases	 	 	 	 	 	$	2,529,814	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Other
	Debtor	 	Obligee / Lender	 	Description	 	 	 	 
	L. B. Foster Company
	 	Interlocking Decking Systems International	 	Deferred payment for the purchase of the assets of steel grid bridge decking manufacturer	 	$	930,233	 
	Portec Rail
Products (UK) Ltd.
	 	National Westminster Bank Plc.	 	Credit Facility permitting borrowings up to 1,500,000 Great British Pounds Sterling	 	$	0.00    	*
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	Total Indebtedness	 	 	 	 	 	$	3,460,046.58	 

 

			
	*	 	Maximum principal £1,500,000 which converts to $2,407,200 assuming that $1 USD = £1.6048 GBP and
that credit facility is fully drawn. No drawn funds as of schedule date. Full amount of
£1,500,000 constitutes Permitted Indebtedness.

 

 

L. B. Foster Company

Guaranties

Schedule 8.2.3

	 	 	 

	Guarantee in favor of:

	 	National Westminster Bank
	 

	 	Commercial Banking Department
	 

	 	Wrexham, Wales, United Kingdom
	 
	 	 
	Purpose of Guarantee:

	 	To secure maximum £1,500,000 Great British Pound
Sterling revolving credit facility for the benefit
of Portec Rail Products (UK) Ltd., a wholly-owned
subsidiary of Portec Rail Products, Inc. Current
balance of facility is £0.00.
	 
	 	 
	 

	 	Credit Facility will expire on August 31, 2011

 

 

L. B. Foster Company and Subsidiaries

Investments

As of March 31, 2011

Schedule 8.2.4

	 	 	 	 	 	 	 	 	 
	Nature of Investment	 	Description	 	Total Invested ( USD)
	Joint Venture	 	45% Ownership in L. B. Pipe and Coupling, LLC - Manufacturer of couplings used to connect steel tubular products. Other owners include Lally Pipe (45%) and James Legg (10%) who manages the operation.
	 	$	2,074,010.00	 

 

 

L. B. Foster Company

Subsidiaries, Partnerships, Joint Ventures

Schedule 8.2.9

	 	 	 	 	 
	Subsidiaries	 	Jurisdiction of Organization	 	Equity Interest
	CXT Incorporated

	 	Delaware, USA
	 	100% of shares of
common stock owned by
L. B. Foster Company
	Coal Train Holdings,
Inc.

	 	Delaware, USA
	 	100% of shares of
common stock owned by
L. B. Foster Company
	Portec Rail Products,
Inc.

	 	West Virginia, USA
	 	100% of shares of
common stock owned by
L. B. Foster Company
	Salient Systems, Inc.

	 	Ohio, USA
	 	100% of shares of
common stock owned by
Portec Rail Products,
Inc
	Portec Rail Nova
Scotia Company

	 	Canada
	 	100% of shares of
common stock owned by
Portec Rail Products,
Inc
	Portec Rail Products,
Ltd.

	 	Canada
	 	100% of shares of
common stock owned by
Portec Rail Nova
Scotia Company
	Kelsan Technologies
Corporation

	 	Canada
	 	100% of shares of
common stock owned by
Portec Rail Products,
Ltd
	Portec Rail Products
(UK) Ltd.

	 	England
	 	100% of shares of
common stock owned by
Portec Rail Products,
Inc
	Coronet Rail Limited

	 	England
	 	100% of shares of
common stock owned by
Portec Rail Products
(UK) Ltd
	Kelsan Technologies
(Europe) Ltd.

	 	England
	 	100% of shares of
common stock owned by
Portec Rail Products
(UK) Ltd

	 	 	 	 	 
	Joint Ventures	 	Jurisdiction of Organization	 	Equity Interest
	L. B. Pipe and
Coupling, LLC

	 	Delaware, USA
	 	45% stock ownership held by L. B.
Foster Company
	 

	 	 	 	45% stock ownership held by Lally
Pipe & Tube
	 

	 	 	 	10% stock ownership held by James Legg

 

 

EXHIBIT 1.1(A)

ASSIGNMENT AND ASSUMPTION AGREEMENT

     THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (the “Assignment and Assumption”) is dated as of the
Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the
"Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined
herein shall have the meanings given to them in the Credit Agreement identified below (as the same
may be amended, restated, modified, or supplemented, the “Credit Agreement”), receipt of a copy of
which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex
1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this
Assignment and Assumption as if set forth herein in full.

     For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the
Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to
and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including, without limitation, any
Letters of Credit and guarantees included in such facilities), and (ii) to the extent permitted to
be assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including, but not limited to, contract claims, tort claims, malpractice claims,
statutory claims and all other claims at law or in equity related to the rights and obligations
sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned
pursuant to clauses (i) and (ii) above being referred to herein collectively as, the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly
provided in this Assignment and Assumption, without representation or warranty by the Assignor.

	 	 	 	 	 	 	 	 	 

	 

	 	 	1.	 	 	Assignor:
	 	____________________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Assignee:
	 	____________________

[and is an Affiliate of [identify Lender]]
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Borrowers:	 	L.B. FOSTER COMPANY, a Pennsylvania corporation, and certain of its
Affiliates named in the Credit Agreement (referred to below)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Administrative Agent:	 	PNC BANK, NATIONAL ASSOCIATION, as the administrative
agent under the Credit Agreement

 

 

	 	 	 	 	 	 	 	 	 

	 

	 	 	5.	 	 	Credit Agreement:	 	The Credit Agreement dated as of May 2, 2011, among L.B.
Foster Company, CXT Incorporated, Salient Systems, Inc., Portec Rail Products, Inc.,
Portec, Rail Products Ltd., Kelsan Technologies Corp., the other Borrowers and
Guarantors now or hereafter party thereto, the Lenders party thereto and PNC Bank,
National Association, as Administrative Agent.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	6.	 	 	Assigned Interest:	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate Amount	 	 	 	 	 	 	 	 	 	 
	 	 	of	 	 	Amount of	 	 	Percentage Assigned	 	 	 	 
	Facility	 	Commitment/Loans	 	 	Commitment/	 	 	of	 	 	 	 
	Assigned	 	for all Lenders	 	 	Loans Assigned	 	 	Commitment/Loans1	 	 	CUSIP Number	 
	Revolving Credit
Commitment
	 	$	 	 	 	$	 	 	 	 	%	 	 	 	 	 

	 	 	 	 	 	 	 	 	 

	 

	 	 	7.	 	 	[Trade Date:
	 	______________]2

 

			
	1	 	Set forth, to at least 9 decimals, as a
percentage of the Commitment/Loans of all Lenders thereunder.
	 
	2	 	To be completed if the Assignor and the
Assignee intend that the minimum assignment amount is to be determined as of
the Trade Date.

2

 

     Effective Date: ________________, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]3

     The terms set forth in this Assignment and Assumption are hereby agreed to:

	 	 	 	 	 	 	 

	 	 	ASSIGNOR	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	ASSIGNEE	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

Consented to and Accepted:

PNC BANK, NATIONAL ASSOCIATION,

as Administrative Agent

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

 

			
	3	 	Assignor shall pay a fee of $3,500 to the
Administrative Agent in connection with the Assignment and Assumption.

3

 

Consented to:4

L.B. Foster Company, a Pennsylvania
corporation

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

CXT Incorporated, a Delaware corporation

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

Salient Systems, Inc., an Ohio corporation

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

Portec Rail Products, Inc., a West Virginia
corporation

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

 

			
	4	 	If applicable.

4

 

Portec, Rail Products Ltd., a corporation

registered under the laws of Canada

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

Kelsan Technologies Corp., a corporation

amalgamated under the laws of Canada

	 	 	 	 	 

	By:
	 	 	 	 
	Name:

	 	 

	 	 
	Title:

	 	 

	 	 
	 

	 	 

	 	 

5

 

ANNEX 1

L.B. FOSTER COMPANY

CREDIT FACILITY

STANDARD TERMS AND CONDITIONS

FOR ASSIGNMENT AND ASSUMPTION AGREEMENT

     1. Representations and Warranties.

     1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal and
beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any
lien, encumbrance or other adverse claim, and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the
transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any
statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in
respect of any Loan Document, or (iv) the performance or observance by the Borrower, any of its
Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Loan Document.

     1.2. Assignee. The Assignee (a) represents and warrants that (i) it has full power
and authority, and has taken all action necessary, to execute and deliver this Assignment and
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it meets all requirements of an eligible assignee under the Credit Agreement
(subject to receipt of such consents as may be required under the Credit Agreement), (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender
thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most
recent financial statements delivered pursuant to Section 8.3 [Reporting Requirements] thereof, as
applicable, and such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment and Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and
without reliance on the Administrative Agent or any other Lender, and (v) if Assignee is not
incorporated or organized under the Laws of the United States of America or a state thereof,
attached to the Assignment and Assumption is any documentation required to be delivered by it
pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b)
agrees that (i) it will, independently and without reliance on the Administrative Agent, the
Assignor 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 the Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

 

 

     2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees
and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date.

     3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment and Assumption may be executed in any number of counterparts, which together shall
constitute one instrument. Delivery of an executed counterpart of a signature page of this
Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed
by, and construed in accordance with, the internal laws of the Commonwealth of Pennsylvania without
regard to its conflict of laws principles.

2

 

EXHIBIT 1.1(B)

BORROWER JOINDER AND ASSUMPTION AGREEMENT

     THIS BORROWER JOINDER AND ASSUMPTION AGREEMENT is made as of _______________, 20___, by
_____________________________, a _________________________ [corporation/partnership/limited
liability company] (the “New Borrower”).

Background

     Reference is made to (i) the Credit Agreement dated as of May 2, 2011 (as the same may be
modified, supplemented or amended, the “Credit Agreement”) by and among L.B. Foster Company, a
Pennsylvania corporation, CXT Incorporated, a Delaware corporation, Salient Systems, Inc., an Ohio
corporation, Portec Rail Products, Inc., a West Virginia corporation, Portec, Rail Products Ltd., a
corporation registered under the laws of Canada, and Kelsan Technologies Corp., a corporation
amalgamated under the laws of Canada (collectively, the “Borrowers”), the other Borrowers and
Guarantors now or hereafter party thereto, PNC Bank, National Association, in its capacity as
administrative agent for the Lenders party thereto (in such capacity, the “Administrative Agent”),
and the Lenders now or hereafter party thereto, (ii) the Revolving Credit Notes dated as of May 2,
2011 made by the Borrowers and payable to the Lenders (the “Revolving Credit Notes”), (iii) the
Swing Loan Note dated as of May 2, 2011 made by the Borrowers and payable to PNC Bank, National
Association (the “Swing Loan Note” and together with the Revolving Credit Notes, collectively
referred to herein as the “Notes”), (iv) the Intercompany Subordination Agreement dated as of May
2, 2011 (as the same may be modified, supplemented, or amended, the “Intercompany Subordination
Agreement”) by and among the Borrowers and Guarantors party thereto and the Administrative Agent,
and (v) the other Loan Documents referred to in the Credit Agreement, as the same may be modified,
supplemented or amended (the “Loan Documents”).

Agreement

     Capitalized terms defined in the Credit Agreement are used herein as defined therein. In
consideration of the New Borrower becoming a Borrower under the terms of the Credit Agreement and
in consideration of the value of the direct and indirect benefits received by New Borrower as a
result of becoming affiliated with the Borrowers, the New Borrower hereby agrees that effective as
of the date hereof it hereby is, and shall be deemed to be, a Borrower under the Credit Agreement,
the Notes, the Intercompany Subordination Agreement and each of the other Loan Documents to which
the Borrowers are a party and agrees that from the date hereof and so long as any Loan or any
Commitment of any Lender shall remain outstanding and until the Payment In Full, subject in the
case of a Foreign Borrower to the applicable provisions of the Credit Agreement, New Borrower has
assumed the joint and several obligations of a “Borrower” or a “Company”, as applicable, and New
Borrower shall perform, comply with and be subject to and bound by, jointly and severally, each of
the terms, provisions and waivers of, the Credit Agreement, the Notes, the Intercompany
Subordination Agreement and each of the other Loan Documents which are stated to apply to or are
made by a “Borrower” or a “Company”, as the

 

 

case may be. Notwithstanding anything to the contrary set forth in this Agreement, no Foreign
Guarantor shall have any liability with respect to a Revolving Credit Loan made to a Domestic Loan
Party, any Letters of Credit issued for the account of a Domestic Loan Party or other Obligation
for which a Domestic Loan Party is the primary obligor. Without limiting the generality of the
foregoing, the New Borrower hereby represents and warrants that (i) each of the representations and
warranties set forth in Article 6 of the Credit Agreement applicable to New Borrower as a Borrower
is true and correct as to New Borrower on and as of the date hereof, and (ii) New Borrower has
heretofore received a true and correct copy of the Credit Agreement, the Notes, the Intercompany
Subordination Agreement and each of the other Loan Documents (including any modifications thereof
or supplements or waivers thereto) in effect on the date hereof.

     New Borrower hereby makes, affirms and ratifies in favor of the Lenders and the Administrative
Agent the Credit Agreement, the Notes, the Intercompany Subordination Agreement and each of the
other Loan Documents given by the Borrowers and the Companies, as the case may be, to
Administrative Agent and any of the Lenders.

     New Borrower is simultaneously delivering to the Administrative Agent the following documents
together with the Borrower Joinder required under Section 12.15.1 [Joinder of Borrowers and
Guarantors]:

Updated Schedules to Credit Agreement as described below [Note: updates to schedules
do not cure any breach of warranties].

Items for New Borrower specified in Sections 7.1.1(i), (ii), (iii), (iv), (vi) and
(xi) of the Credit Agreement, and fulfillment of any other appropriate requirements
set forth in Section 7.1.1., as applicable and as applied to New Borrower.

	 	 	 	 	 
	 	 	 	 	Not
	Schedule No. and Description	 	Delivered	 	Delivered
	Schedule 6.1.2 — Subsidiaries

	 	o
	 	o
	Opinion of Counsel (Schedule 7.1.1)

	 	o
	 	o
	Any other Schedules to Credit Agreement that
necessitate updates after giving effect to
this Borrower Joinder and Assumption
Agreement

	 	o
	 	o

     In furtherance of the foregoing, New Borrower shall execute and deliver or cause to be
executed and delivered at any time and from time to time such further instruments and documents and
do or cause to be done such further acts as may be reasonably necessary in the reasonable opinion
of the Administrative Agent to carry out more effectively the provisions and purposes of this
Borrower Joinder and Assumption Agreement.

     This Borrower Joinder and Assumption Agreement may be executed in any number of counterparts,
and by different parties hereto in separate counterparts, each of which, when so

2

 

executed, shall be deemed an original, but all such counterparts shall constitute one and the
same instrument. New Borrower acknowledges and agrees that a telecopy transmission to the
Administrative Agent or any Lender of signature pages hereof purporting to be signed on behalf of
New Borrower shall constitute effective and binding execution and delivery hereof by New Borrower.

[SIGNATURE PAGE FOLLOWS]

3

 

[SIGNATURE PAGE TO BORROWER JOINDER AND ASSUMPTION AGREEMENT]

     IN WITNESS WHEREOF, and intending to be legally bound hereby, the New Borrower has duly
executed this Borrower Joinder and Assumption Agreement and delivered the same to the
Administrative Agent for the benefit of the Lenders, as of the date and year first above written
with the intention that it constitute a sealed instrument.

	 	 	 	 	 	 	 

	 

	 	By:	 	 	 	(SEAL)
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Acknowledged and accepted:

PNC BANK, NATIONAL ASSOCIATION,

as Administrative Agent

	 	 	 

	By:
	 	 
	 

	 	 
	Name:
	 	 
	 

	 	 
	Title:
	 	 
	 

	 	 

 

 

EXHIBIT 1.1(G)(1)

GUARANTOR JOINDER AND ASSUMPTION AGREEMENT

     THIS GUARANTOR JOINDER AND ASSUMPTION AGREEMENT is made as of _______________, 20___, by
_____________, a _________________________ [corporation/partnership/limited
liability company] (the “New Guarantor”).

Background

     Reference is made to (i) the Credit Agreement dated as of May 2, 2011 (as the same may be
modified, supplemented, or amended, the “Credit Agreement”) by and among L.B. Foster Company, a
Pennsylvania corporation, CXT Incorporated, a Delaware corporation, Salient Systems, Inc., an Ohio
corporation, Portec Rail Products, Inc., a West Virginia corporation, Portec, Rail Products Ltd., a
corporation registered under the laws of Canada, and Kelsan Technologies Corp., a corporation
amalgamated under the laws of Canada (collectively, the “Borrowers”), PNC Bank, National
Association, in its capacity as administrative agent for the Lenders party thereto (in such
capacity, the “Administrative Agent”), the other Borrowers and Guarantors now or hereafter party
thereto and the Lenders party thereto, (ii) the Continuing Agreement of Guaranty and Suretyship
dated as of May 2, 2011 (as the same may be modified, supplemented, or amended, the “Guaranty
Agreement”) of the Guarantors given in favor of the Administrative Agent, (iii) the Intercompany
Subordination Agreement dated as of May 2, 2011 (as the same may be modified, supplemented, or
amended, the “Intercompany Subordination Agreement”) by and among the Companies and the
Administrative Agent, and (iv) the other Loan Documents referred to in the Credit Agreement, as the
same may be modified, supplemented, or amended.

Agreement

     Capitalized terms defined in the Credit Agreement are used herein as defined therein and the
rules of construction set forth in Section 1.2 [Construction] of the Credit Agreement shall apply
to this Guarantor Joinder.

     New Guarantor hereby becomes a Guarantor under the terms of the Credit Agreement and in
consideration of the value of the synergistic and other benefits received by New Guarantor as a
result of being or becoming affiliated with the Borrowers and the Guarantors, the New Guarantor
hereby agrees that effective as of the date hereof it hereby is, and shall be deemed to be, and
assumes the obligations of, a “Loan Party” and a “Guarantor” under the Credit Agreement, a
“Guarantor,” jointly and severally with the existing Guarantors under the Guaranty Agreement, a
“Company” under the Intercompany Subordination Agreement and a Loan Party or Guarantor, as the case
may be, under each of the other Loan Documents to which the Loan Parties or Guarantors are a party;
and New Guarantor hereby agrees that from the date hereof and so long as any Loan or any Commitment
of any Lender shall remain outstanding and until Payment in Full and the performance of all other
obligations of the Loan Parties under the Loan Documents, New Guarantor shall perform, comply with,
and be subject to and bound by each of

 

 

the terms and provisions of the Credit Agreement, Guaranty Agreement, Intercompany
Subordination Agreement and each of the other Loan Documents jointly and severally with the
existing parties thereto. Notwithstanding anything to the contrary set forth in this Agreement, no
Foreign Guarantor shall have any liability with respect to a Revolving Credit Loan made to a
Domestic Loan Party, any Letters of Credit issued for the account of a Domestic Loan Party or other
Obligation for which a Domestic Loan Party is the primary obligor. Without limiting the generality
of the foregoing, the New Guarantor hereby represents and warrants that (i) each of the
representations and warranties set forth in Section 6 of the Agreement applicable to New Guarantor
as a Guarantor is true and correct on and as of the date hereof and (ii) New Guarantor has
heretofore received a true and correct copy of the Credit Agreement, Guaranty Agreement,
Intercompany Subordination Agreement and each of the other Loan Documents (including any
modifications thereof or supplements or waivers thereto) in effect on the date hereof.

     New Guarantor hereby makes, affirms, and ratifies in favor of the Lenders and the
Administrative Agent the Credit Agreement, Guaranty Agreement, Intercompany Subordination Agreement
and each of the other Loan Documents given by the Guarantors to Administrative Agent and any of the
Lenders.

     New Guarantor is simultaneously delivering to the Administrative Agent the following documents
together with the Guarantor Joinder required under Section 8.2.9 [Subsidiaries, Partnerships and
Joint Ventures]:

Updated Schedules to Credit Agreement. [Note: updates to schedules do not
cure any breach of warranties].

	 	 	 	 	 
	 	 	 	 	Not
	Schedule No. and Description	 	Delivered	 	Delivered
	Schedule 6.1.1 - Qualifications To Do
Business
	 	o	 	o
	Schedule 6.1.2 - Subsidiaries
	 	o	 	o
	Opinion of Counsel (Schedule 7.1.1)
	 	o	 	o
	Any other Schedules to Credit Agreement that
necessitate updates after giving effect to
this Guarantor Joinder and Assumption
Agreement
	 	o	 	o

     In furtherance of the foregoing, New Guarantor shall execute and deliver or cause to be
executed and delivered at any time and from time to time such further instruments and documents and
do or cause to be done such further acts as may be reasonably necessary in the reasonable opinion
of the Administrative Agent to carry out more effectively the provisions and purposes of this
Guarantor Joinder and Assumption Agreement.

2

 

     This Guarantor Joinder and Assumption 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 an original, but all such counterparts shall constitute one and the same instrument. New
Guarantor acknowledges and agrees that a telecopy transmission to the Administrative Agent or any
Lender of signature pages hereof purporting to be signed on behalf of New Guarantor shall
constitute effective and binding execution and delivery hereof by New Guarantor.

[SIGNATURE PAGE FOLLOWS]

3

 

[SIGNATURE PAGE TO GUARANTOR JOINDER

AND ASSUMPTION AGREEMENT]

     IN WITNESS WHEREOF, and intending to be legally bound hereby, the New Guarantor has duly
executed this Guarantor Joinder and Assumption Agreement and delivered the same to the
Administrative Agent for the benefit of the Lenders, as of the date and year first above written
with the intention that it constitute a sealed instrument.

	 	 	 	 	 	 	 

	 

	 	By:	 	 	 	(SEAL)
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Acknowledged and accepted:

PNC BANK, NATIONAL ASSOCIATION,

as Administrative Agent

	 	 	 	 	 

	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

EXHIBIT 1.1(G)(2)

CONTINUING AGREEMENT OF GUARANTY AND SURETYSHIP

     This Continuing Agreement of Guaranty and Suretyship (this “Guaranty”), dated as of this 2nd
day of May, 2011, is jointly and severally given by each of the undersigned and each of the other
Persons which become Guarantors hereunder from time to time (each a “Guarantor” and collectively
the “Guarantors”) in favor of PNC Bank, National Association, as administrative agent for the
Lenders (the “Administrative Agent”) in connection with that Credit Agreement, dated as of May 2,
2011, by and among L.B. Foster Company, a Pennsylvania corporation, CXT Incorporated, a Delaware
corporation, Salient Systems, Inc., an Ohio corporation, Portec Rail Products, Inc., a West
Virginia corporation, Portec, Rail Products Ltd., a corporation registered under the laws of
Canada, and Kelsan Technologies Corp., a corporation amalgamated under the laws of Canada
(collectively, the “Borrowers”), the other Borrowers now or hereafter party thereto, the
Administrative Agent, the Lenders now or hereafter party thereto (the “Lenders”) and the Guarantors
(as amended, restated, modified, or supplemented from time to time hereafter, the “Credit
Agreement”). Capitalized terms not otherwise defined herein shall have the respective meanings
ascribed to them by the Credit Agreement and the rules of construction set forth in Section 1.2
[Construction] of the Credit Agreement shall apply to this Guaranty.

     1. Guarantied Obligations. To induce the Administrative Agent and the Lenders to make
loans and grant other financial accommodations to the Borrowers under the Credit Agreement, each
Guarantor hereby jointly and severally unconditionally, and irrevocably, guaranties to the
Administrative Agent, each Lender and any provider of a Lender Provided Interest Rate Hedge or any
provider of Other Lender Provided Financial Service Products; and becomes surety, as though it was
a primary obligor for, the full and punctual payment and performance when due (whether on demand,
at stated maturity, by acceleration, or otherwise and including any amounts which would become due
but for the operation of an automatic stay under the federal bankruptcy code of the United States
or any similar Laws of any country or jurisdiction) of all Obligations, including, without limiting
the generality of the foregoing, all obligations, liabilities, and indebtedness from time to time
of the Borrowers or any other Guarantor to the Administrative Agent or any of the Lenders or any
Affiliate of any Lender under or in connection with the Credit Agreement or any other Loan
Document, whether for principal, interest, fees, indemnities, expenses, or otherwise, and all
renewals, extensions, amendments, refinancings or refundings thereof, whether such obligations,
liabilities, or indebtedness are direct or indirect, secured or unsecured, joint or several,
absolute or contingent, due or to become due, whether for payment or performance, now existing or
hereafter arising (and including obligations, liabilities, and indebtedness arising or accruing
after the commencement of any bankruptcy, insolvency, reorganization, or similar proceeding with
respect to the Borrowers or any Guarantor or which would have arisen or accrued but for the
commencement of such proceeding, even if the claim for such obligation, liability, or indebtedness
is not enforceable or allowable in such proceeding, and including all Obligations, liabilities, and
Indebtedness arising from any extensions of credit under or in connection with any Loan Document
from time to time, regardless of whether any such extensions of credit are in excess of the amount
committed under or contemplated by the Loan Documents or are made in

 

 

circumstances in which any condition to extension of credit is not satisfied) (all of the
foregoing obligations, liabilities and indebtedness are referred to herein collectively as the
"Guarantied Obligations” and each as a “Guarantied Obligation”). Without limitation of the
foregoing, any of the Guarantied Obligations shall be and remain Guarantied Obligations entitled to
the benefit of this Guaranty if the Administrative Agent or any of the Lenders (or any one or more
assignees or transferees thereof) from time to time assign or otherwise transfer all or any portion
of their respective rights and obligations under the Loan Documents, or any other Guarantied
Obligations, to any other Person. In furtherance of the foregoing, each Guarantor jointly and
severally agrees as follows.

     2. Guaranty. Each Guarantor hereby promises to pay and perform all such Guarantied
Obligations immediately upon demand of the Administrative Agent and the Lenders or any one or more
of them. All payments made hereunder shall be made by each Guarantor in immediately available
funds in U.S. Dollars and shall be made without setoff, counterclaim, withholding, or other
deduction of any nature.

     3. Obligations Absolute. The obligations of the Guarantors hereunder shall not be
discharged or impaired or otherwise diminished by the failure, default, omission, or delay, willful
or otherwise, by any Lender, the Administrative Agent, or any Borrower or any other obligor on any
of the Guarantied Obligations, or by any other act or thing or omission or delay to do any other
act or thing which may or might in any manner or to any extent vary the risk of any Guarantor or
would otherwise operate as a discharge of any Guarantor as a matter of law or equity. Each of the
Guarantors agrees that the Guarantied Obligations will be paid and performed strictly in accordance
with the terms of the Loan Documents. Without limiting the generality of the foregoing, each
Guarantor hereby consents to, at any time and from time to time, and, the joint and several
obligations of each Guarantor hereunder shall not be diminished, terminated, or otherwise similarly
affected by any of the following:

     (a) Any lack of genuineness, legality, validity, enforceability or allowability (in a
bankruptcy, insolvency, reorganization or similar proceeding, or otherwise), or any avoidance or
subordination, in whole or in part, of any Loan Document or any of the Guarantied Obligations and
regardless of any Law, regulation or order now or hereafter in effect in any jurisdiction affecting
any of the Guarantied Obligations, any of the terms of the Loan Documents, or any rights of the
Administrative Agent or the Lenders or any other Person with respect thereto;

     (b) Any increase, decrease, or change in the amount, nature, type or purpose of any of, or any
release, surrender, exchange, compromise or settlement of any of the Guarantied Obligations
(whether or not contemplated by the Loan Documents as presently constituted); any change in the
time, manner, method, or place of payment or performance of, or in any other term of, any of the
Guarantied Obligations; any execution or delivery of any additional Loan Documents; or any
amendment, modification or supplement to, or renewals, extensions, refinancing or refunding of, any
Loan Document or any of the Guarantied Obligations;

     (c) Any failure to assert any breach of or default under any Loan Document or any of the
Guarantied Obligations; any extensions of credit in excess of the amount committed under or
contemplated by the Loan Documents, or in circumstances in which any condition to such extensions
of credit has not been satisfied; any other exercise or non-exercise, or any other

2

 

failure, omission, breach, default, delay, or wrongful action in connection with any exercise
or non-exercise, of any right or remedy against the Borrowers or any other Person under or in
connection with any Loan Document or any of the Guarantied Obligations; any refusal of payment or
performance of any of the Guarantied Obligations, whether or not with any reservation of rights
against any Guarantor; or any application of collections (including but not limited to collections
resulting from realization upon any direct or indirect security for the Guarantied Obligations) to
other obligations, if any, not entitled to the benefits of this Guaranty, in preference to
Guarantied Obligations entitled to the benefits of this Guaranty, or if any collections are applied
to Guarantied Obligations, any application to particular Guarantied Obligations;

     (d) Any taking, exchange, amendment, modification, waiver, supplement, termination,
subordination, compromise, release, surrender, loss, or impairment of, or any failure to protect,
perfect, or preserve the value of, or any enforcement of, realization upon, or exercise of rights,
or remedies under or in connection with, or any failure, omission, breach, default, delay, or
wrongful action by the Administrative Agent or the Lenders, or any of them, or any other Person in
connection with the enforcement of, realization upon, or exercise of rights or remedies under or in
connection with, or, any other action or inaction by the Administrative Agent or the Lenders, or
any of them, or any other Person in respect of, any direct or indirect security for any of the
Guarantied Obligations. As used in this Guaranty, “direct or indirect security” for the Guarantied
Obligations, and similar phrases, includes any collateral security, guaranty, suretyship, letter of
credit, capital maintenance agreement, put option, subordination agreement, or other right or
arrangement of any nature providing direct or indirect assurance of payment or performance of any
of the Guarantied Obligations, made by or on behalf of any Person;

     (e) Any merger, consolidation, liquidation, dissolution, winding-up, charter revocation, or
forfeiture, or other change in, restructuring or termination of the corporate structure or
existence of, any Borrower or any other Person; any bankruptcy, insolvency, reorganization or
similar proceeding with respect to the Borrowers or any other Person; or any action taken or
election made by the Administrative Agent or the Lenders, or any of them (including but not limited
to any election under Section 1111(b)(2) of the United States Bankruptcy Code), the Borrowers, or
any other Person in connection with any such proceeding;

     (f) Any defense, setoff, or counterclaim which may at any time be available to or be asserted
by any Borrower or any other person with respect to any Loan Document or any of the Guarantied
Obligations; or any discharge by operation of law or release of the Borrowers or any other Person
from the performance or observance of any Loan Document or any of the Guarantied Obligations; or

     (g) Any other event or circumstance, whether similar or dissimilar to the foregoing, and
whether known or unknown, which might otherwise constitute a defense available to, or limit the
liability of, any Guarantor, a guarantor or a surety, excepting only full, strict, and indefeasible
payment and performance of the Guarantied Obligations in full.

     Each Guarantor acknowledges, consents, and agrees that new Guarantors may join in this
Guaranty pursuant to Section 8.2.9 [Subsidiaries, Partnerships and Joint Ventures] of the Credit

3

 

Agreement and each Guarantor affirms that its obligations shall continue hereunder
undiminished.

     4. Waivers, etc. Each of the Guarantors hereby waives any defense to or limitation on
its obligations under this Guaranty arising out of or based on any event or circumstance referred
to in Section 3 hereof. Without limitation and to the fullest extent permitted by applicable Law,
each Guarantor waives each of the following:

     (a) All notices, disclosures and demand of any nature which otherwise might be required from
time to time to preserve intact any rights against any Guarantor, including the following: any
notice of any event or circumstance described in Section 3 hereof; any notice required by any Law,
regulation or order now or hereafter in effect in any jurisdiction; any notice of nonpayment,
nonperformance, dishonor, or protest under any Loan Document or any of the Guarantied Obligations;
any notice of the incurrence of any Guarantied Obligation; any notice of any default or any failure
on the part of the Borrowers or any other Person to comply with any Loan Document or any of the
Guarantied Obligations or any direct or indirect security for any of the Guarantied Obligations;
and any notice of any information pertaining to the business, operations, condition (financial or
otherwise) or prospects of the Borrowers or any other Person;

     (b) Any right to any marshalling of assets, to the filing of any claim against the Borrowers
or any other Person in the event of any bankruptcy, insolvency, reorganization or similar
proceeding, or to the exercise against the Borrowers or any other Person of any other right or
remedy under or in connection with any Loan Document or any of the Guarantied Obligations or any
direct or indirect security for any of the Guarantied Obligations; any requirement of promptness or
diligence on the part of the Administrative Agent or the Lenders, or any of them, or any other
Person; any requirement to exhaust any remedies under or in connection with, or to mitigate the
damages resulting from default under, any Loan Document or any of the Guarantied Obligations or any
direct or indirect security for any of the Guarantied Obligations; any benefit of any statute of
limitations; and any requirement of acceptance of this Guaranty or any other Loan Document, and any
requirement that any Guarantor receive notice of any such acceptance;

     (c) Any defense or other right arising by reason of any Law now or hereafter in effect in any
jurisdiction pertaining to election of remedies (including but not limited to anti-deficiency laws,
“one action” laws or the like), or by reason of any election of remedies or other action or
inaction by the Administrative Agent or the Lenders, or any of them (including but not limited to
commencement or completion of any judicial proceeding or nonjudicial sale or other action in
respect of collateral security for any of the Guarantied Obligations), which results in denial or
impairment of the right of the Administrative Agent or the Lenders, or any of them, to seek a
deficiency against the Borrowers or any other Person or which otherwise discharges or impairs any
of the Guarantied Obligations; and

     (d) Any and all defenses it may now or hereafter have based on principles of suretyship,
impairment of collateral, or the like.

     5. Reinstatement. This Guaranty is a continuing obligation of the Guarantors and
shall remain in full force and effect notwithstanding that no Guarantied Obligations may be

4

 

outstanding from time to time and notwithstanding any other event or circumstance. Upon
termination of all Commitments, the expiration of all Letters of Credit and indefeasible payment in
full of all Guarantied Obligations, this Guaranty shall terminate; provided,
however, that this Guaranty shall continue to be effective or be reinstated, as the case
may be, any time any payment of any of the Guarantied Obligations is rescinded, recouped, avoided,
or must otherwise be returned or released by any Lender or Administrative Agent upon or during the
insolvency, bankruptcy, or reorganization of, or any similar proceeding affecting, the Borrowers or
for any other reason whatsoever, all as though such payment had not been made and was due and
owing.

     6. Subrogation. Each Guarantor waives and agrees it will not exercise any rights
against Borrowers or any other Guarantor arising in connection with, or any Collateral securing,
the Guarantied Obligations (including rights of subrogation, contribution, and the like) until the
Guarantied Obligations have been indefeasibly paid in full, and all Commitments have been
terminated and all Letters of Credit have expired. If any amount shall be paid to any Guarantor by
or on behalf of the Borrowers or any other Guarantor by virtue of any right of subrogation,
contribution, or the like, such amount shall be deemed to have been paid to such Guarantor for the
benefit of, and shall be held in trust for the benefit of, the Administrative Agent and the Lenders
and shall forthwith be paid to the Administrative Agent to be credited and applied upon the
Guarantied Obligations, whether matured or unmatured, in accordance with the terms of the Credit
Agreement.

     7. No Stay. Without limitation of any other provision of this Guaranty, if any
declaration of default or acceleration or other exercise or condition to exercise of rights or
remedies under or with respect to any Guarantied Obligation shall at any time be stayed, enjoined,
or prevented for any reason (including but not limited to stay or injunction resulting from the
pendency against the Borrowers or any other Person of a bankruptcy, insolvency, reorganization or
similar proceeding), the Guarantors agree that, for the purposes of this Guaranty and their
obligations hereunder, the Guarantied Obligations shall be deemed to have been declared in default
or accelerated, and such other exercise or conditions to exercise shall be deemed to have been
taken or met.

     8. Taxes.

     (a) No Deductions. All payments made by any Guarantor under any of the Loan Documents
shall be made free and clear of and without deduction for any present or future taxes, levies,
imposts, deductions, charges, or withholdings, and all liabilities with respect thereto, excluding
Excluded Taxes (all such non-Excluded Taxes, levies, imposts, deductions, charges, withholdings,
and liabilities being hereinafter referred to as “Taxes”). If any Guarantor shall be required by
Law to deduct any Taxes from or in respect of any sum payable under any of the Loan Documents, (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 subsection (a) such Lender
receives an amount equal to the sum it would have received had no such deductions been made, (ii)
such Guarantor shall make such deductions, and (iii) such Guarantor shall timely pay the full
amount deducted to the relevant tax authority or other authority in accordance with applicable Law.

5

 

     (b) Stamp Taxes. In addition, each Guarantor agrees to pay any present or future
stamp or documentary taxes or any other excise or property taxes, charges, or similar levies which
arise from any payment made hereunder or from the execution, delivery, or registration of, or
otherwise with respect to, any of the Loan Documents (hereinafter referred to as “Other Taxes”).

     (c) Indemnification for Taxes Paid by any Lender. Each Guarantor shall indemnify each
Lender for the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or
Other Taxes imposed by any jurisdiction on amounts payable under this Subsection) paid by any
Lender and any liability (including penalties, interest, and expenses) arising therefrom or with
respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted. This
indemnification shall be made within thirty (30) days from the date a Lender makes written demand
therefor.

     (d) Certificate. Within thirty (30) days after the date of any payment of any Taxes
by any Guarantor, such Guarantor shall furnish to each Lender, the original or a certified copy of
a receipt evidencing payment thereof. If no Taxes are payable in respect of any payment by such
Guarantor, such Guarantor shall, if so requested by a Lender, provide a certificate of an officer
of such Guarantor to that effect.

     9. Notices. Each Guarantor agrees that all notices, statements, requests, demands and
other communications under this Guaranty shall be given to such Guarantor at the address set forth
on a Schedule to, or in a Guarantor Joinder and Assumption Agreement given under, the Credit
Agreement and in the manner provided in Section 11.5 [Notices; Effectiveness; Electronic
Communication] of the Credit Agreement. The Administrative Agent and the Lenders may rely on any
notice (whether or not made in a manner contemplated by this Guaranty) purportedly made by or on
behalf of a Guarantor, and the Administrative Agent and the Lenders shall have no duty to verify
the identity or authority of the Person giving such notice.

     10. Counterparts; Telecopy Signatures. This Guaranty may be executed in any number of
counterparts, each of which, when so executed, shall be deemed an original, but all such
counterparts shall constitute but one and the same instrument. Each Guarantor acknowledges and
agrees that a telecopy transmission to Administrative Agent or any Lender of signature pages hereof
purporting to be signed on behalf of any Guarantor shall constitute effective and binding execution
and delivery hereof by such Guarantor.

     11. Setoff, Default Payments by Borrowers.

     (a) In the event that at any time any obligation of the Guarantors now or hereafter existing
under this Guaranty shall have become due and payable, the Administrative Agent and the Lenders, or
any of them, shall have the right from time to time, without notice to any Guarantor, to set off
against and apply to such due and payable amount any obligation of any nature of any Lender or the
Administrative Agent, or any subsidiary or affiliate of any Lender or Administrative Agent, to any
Guarantor, including but not limited to all deposits (whether time or demand, general or special,
provisionally credited or finally credited, however evidenced) now or hereafter maintained by any
Guarantor with the Administrative Agent or any Lender. Such right shall be absolute and
unconditional in all circumstances and, without limitation, shall

6

 

exist whether or not the Administrative Agent or the Lenders, or any of them, shall have given
any notice or made any demand under this Guaranty or under such obligation to the Guarantor,
whether such obligation to the Guarantor is absolute or contingent, matured or unmatured (it being
agreed that the Administrative Agent and the Lenders, or any of them, may deem such obligation to
be then due and payable at the time of such setoff), and regardless of the existence or adequacy of
any collateral, guaranty, or other direct or indirect security or right or remedy available to the
Administrative Agent or any of the Lenders. The rights of the Administrative Agent and the Lenders
under this Section are in addition to such other rights and remedies (including, without
limitation, other rights of setoff and banker’s lien) which the Administrative Agent and the
Lenders, or any of them, may have, and nothing in this Guaranty or in any other Loan Document shall
be deemed a waiver of or restriction on the right of setoff or banker’s lien of the Administrative
Agent and the Lenders, or any of them. Each of the Guarantors hereby agrees that, to the fullest
extent permitted by Law, any affiliate or subsidiary of the Administrative Agent or any of the
Lenders and any holder of a participation in any obligation of any Guarantor under this Guaranty,
shall have the same rights of setoff as the Administrative Agent and the Lenders as provided in
this Section (regardless whether such affiliate or participant otherwise would be deemed a creditor
of the Guarantor).

     (b) Upon the occurrence and during the continuation of any default under any Guarantied
Obligation, if any amount shall be paid to any Guarantor by or for the account of Borrowers, such
amount shall be held in trust for the benefit of each Lender and Administrative Agent and shall
forthwith be paid to the Administrative Agent to be credited and applied to the Guarantied
Obligations when due and payable.

     12. Construction. The section and other headings contained in this Guaranty are for
reference purposes only and shall not affect interpretation of this Guaranty in any respect. This
Guaranty has been fully negotiated between the applicable parties, each party having the benefit of
legal counsel, and accordingly neither any doctrine of construction of guaranties or suretyships in
favor of the guarantor or surety, nor any doctrine of construction of ambiguities in agreement or
instruments against the party controlling the drafting thereof, shall apply to this Guaranty.

     13. Successors and Assigns. This Guaranty shall be binding upon each Guarantor, its
successors and assigns, and shall inure to the benefit of and be enforceable by the Administrative
Agent and the Lenders, or any of them, and their successors and permitted assigns;
provided, however, that no Guarantor may assign or transfer any of its rights or
obligations hereunder or any interest herein and any such purported assignment or transfer shall be
null and void. Without limitation of the foregoing, the Administrative Agent and the Lenders, or
any of them (and any successive assignee or transferee), from time to time may assign or otherwise
transfer all or any portion of its rights or obligations under the Loan Documents (including all or
any portion of any commitment to extend credit), or any other Guarantied Obligations, to any other
person and such Guarantied Obligations (including any Guarantied Obligations resulting from
extension of credit by such other Person under or in connection with the Loan Documents) shall be
and remain Guarantied Obligations entitled to the benefit of this Guaranty, and to the extent of
its interest in such Guarantied Obligations such other Person shall be vested with all the benefits
in respect thereof granted to the Administrative Agent and the Lenders in this Guaranty or
otherwise.

7

 

     14. Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.

     (a) Governing Law. This Guaranty shall be governed by, construed, and enforced in
accordance with, the internal Laws of the Commonwealth of Pennsylvania, without regard to conflict
of laws principles.

     (b) Certain Waivers. Each Guarantor hereby irrevocably:

     (i) Submits to the nonexclusive jurisdiction of any state or federal court sitting in
Allegheny County, in any action or proceeding arising out of or relating to this Agreement,
and each Guarantor hereby irrevocably agrees that all claims in respect of such action or
proceeding may be heard and determined in such state or federal court. Each Guarantor
hereby waives to the fullest extent it may effectively do so, the defense of an inconvenient
forum to the maintenance of any such action or proceeding. Each Guarantor hereby appoints
the process agent identified below (the “Process Agent”) as its agent to receive on behalf
of such party and its respective property service of copies of the summons and complaint and
any other process which may be served in any action or proceeding. Such service may be made
by mailing or delivering a copy of such process to the Guarantor in care of the Process
Agent at the Process Agent’s address, and each Guarantor hereby authorizes and directs the
Process Agent to receive such service on its behalf. Each Guarantor agrees that a final
judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions (or any political subdivision thereof) by suit on the judgment or in any other
manner provided at law. Each Guarantor further agrees that it shall, for so long as any
commitment or any obligation of any Loan Party to any Lender remains outstanding, continue
to retain Process Agent for the purposes set forth in this Section 14. The Process Agent is
the [L.B. Foster Company], with an office on the date hereof as set forth in the Credit
Agreement. The Process Agent hereby accepts the appointment of Process Agent by the
Companies and agrees to act as Process Agent on behalf of the Companies;

     (ii) Waives any objection to jurisdiction and venue of any action instituted against it
as provided herein and agrees not to assert any defense based on lack of jurisdiction or
venue; and

     (iii) WAIVES TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING, OR COUNTERCLAIM OF ANY KIND
ARISING OUT OF OR RELATED TO THIS GUARANTY, THE CREDIT AGREEMENT, OR ANY OTHER LOAN DOCUMENT
TO THE FULLEST EXTENT PERMITTED BY LAW.

     15. Severability; Modification to Conform to Law.

     (a) It is the intention of the parties that this Guaranty be enforceable to the fullest extent
permissible under applicable Law, but that the unenforceability (or modification to conform to such
Law) of any provision or provisions hereof shall not render unenforceable, or impair, the remainder
hereof. If any provision in this Guaranty shall be held invalid or unenforceable in whole or in
part in any jurisdiction, this Guaranty shall, as to such jurisdiction, be deemed amended to modify
or delete, as necessary, the offending provision or provisions and

8

 

to alter the bounds thereof in order to render it or them valid and enforceable to the maximum
extent permitted by applicable Law, without in any manner affecting the validity or enforceability
of such provision or provisions in any other jurisdiction or the remaining provisions hereof in any
jurisdiction.

     (b) Without limitation of the preceding subsection (a), to the extent that applicable Law
(including applicable Laws pertaining to fraudulent conveyance or fraudulent or preferential
transfer) otherwise would render the full amount of the Guarantor’s obligations hereunder invalid,
voidable, or unenforceable on account of the amount of a Guarantor’s aggregate liability under this
Guaranty, then, notwithstanding any other provision of this Guaranty to the contrary, the aggregate
amount of such liability shall, without any further action by the Administrative Agent or any of
the Lenders or such Guarantor or any other Person, be automatically limited and reduced to the
highest amount which is valid and enforceable as determined in such action or proceeding, which
(without limiting the generality of the foregoing) may be an amount which is equal to the greater
of:

     (i) the fair consideration actually received by such Guarantor under the terms and as a
result of the Loan Documents and the value of the benefits described in this Section 15 (b)
hereof, including (and to the extent not inconsistent with applicable federal and state Laws
affecting the enforceability of guaranties) distributions, commitments, and advances made to
or for the benefit of such Guarantor with the proceeds of any credit extended under the Loan
Documents, or

     (ii) the excess of (A) the amount of the fair value of the assets of such Guarantor as
of the date of this Guaranty as determined in accordance with applicable federal and state
Laws governing determinations of the insolvency of debtors as in effect on the date hereof,
over (B) the amount of all liabilities of such Guarantor as of the date of this Guaranty,
also as determined on the basis of applicable federal and state Laws governing the
insolvency of debtors as in effect on the date hereof.

     (c) Notwithstanding anything to the contrary in this Section or elsewhere in this Guaranty,
this Guaranty shall be presumptively valid and enforceable to its full extent in accordance with
its terms, as if this Section (and references elsewhere in this Guaranty to enforceability to the
fullest extent permitted by Law) were not a part of this Guaranty, and in any related litigation
the burden of proof shall be on the party asserting the invalidity or unenforceability of any
provision hereof or asserting any limitation on any Guarantor’s obligations hereunder as to each
element of such assertion.

     16. Additional Guarantors. At any time after the initial execution and delivery of
this Guaranty to the Administrative Agent and the Lenders, additional Persons may become parties to
this Guaranty and thereby acquire the duties and rights of being Guarantors hereunder by executing
and delivering to the Administrative Agent and the Lenders a Guarantor Joinder pursuant to the
Credit Agreement. No notice of the addition of any Guarantor shall be required to be given to any
pre-existing Guarantor and each Guarantor hereby consents thereto.

9

 

     17. Joint and Several Obligations.

     (a) Except as set forth in Section 17(b) below, the obligations and additional liabilities of
the Guarantors under this Guaranty are joint and several obligations of the Guarantors, and each
Guarantor hereby waives to the full extent permitted by Law any defense it may otherwise have to
the payment and performance of the Obligations that its liability hereunder is limited and not
joint and several. Each Guarantor acknowledges and agrees that the foregoing waivers and those set
forth below serve as a material inducement to the agreement of the Administrative Agent and the
Lenders to make the Loans, and that the Administrative Agent and the Lenders are relying on each
specific waiver and all such waivers in entering into this Guaranty. The undertakings of each
Guarantor hereunder secure the obligations of itself and the other Guarantors. The Administrative
Agent and the Lenders, or any of them, may, in their sole discretion, elect to enforce this
Guaranty against any Guarantor without any duty or responsibility to pursue any other Guarantor and
such an election by the Administrative Agent and the Lenders, or any of them, shall not be a
defense to any action the Administrative Agent and the Lenders, or any of them, may elect to take
against any Guarantor. Each of the Lenders and Administrative Agent hereby reserve all rights
against each Guarantor.

     (b) Notwithstanding anything to the contrary set forth in this Guaranty, no Foreign Guarantor
shall have any liability with respect to a Revolving Credit Loan made to a Domestic Loan Party, any
Letters of Credit issued for the account of a Domestic Loan Party or other Obligation for which a
Domestic Loan Party is the primary obligor.

     18. Receipt of Credit Agreement, Other Loan Documents, Benefits.

     (a) Each Guarantor hereby acknowledges that it has received a copy of the Credit Agreement and
the other Loan Documents and each Guarantor certifies that the representations and warranties made
therein with respect to such Guarantor are true and correct. Further, each Guarantor acknowledges
and agrees to perform, comply with, and be bound by all of the provisions of the Credit Agreement
and the other Loan Documents.

     (b) Each Guarantor hereby acknowledges, represents, and warrants that it receives direct and
indirect benefits by virtue of its affiliation with Borrowers and the other Guarantors and that it
will receive direct and indirect benefits from the financing arrangements contemplated by the
Credit Agreement and that such benefits, together with the rights of contribution and subrogation
that may arise in connection herewith are a reasonably equivalent exchange of value in return for
providing this Guaranty.

     19. Miscellaneous.

     (a) Generality of Certain Terms. As used in this Guaranty, the terms “hereof”,
“herein” and terms of similar import refer to this Guaranty as a whole and not to any particular
term or provision; the term “including”, as used herein, is not a term of limitation and means
“including without limitation”.

     (b) Amendments, Waivers. No amendment to or waiver of any provision of this Guaranty,
and no consent to any departure by any Guarantor herefrom, shall in any event be effective unless
in a writing manually signed by or on behalf of the Administrative Agent and the

10

 

Lenders. Any such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given. No delay or failure of the Administrative Agent or the
Lenders, or any of them, in exercising any right or remedy under this Guaranty shall operate as a
waiver thereof; nor shall any single or partial exercise of any such right or remedy preclude any
other or further exercise thereof or the exercise of any other right or remedy. The rights and
remedies of the Administrative Agent and the Lenders under this Guaranty are cumulative and not
exclusive of any other rights or remedies available hereunder, under any other agreement or
instrument, by Law, or otherwise.

     (c) Telecommunications. Each Lender and Administrative Agent shall be entitled to
rely on the authority of any individual making any telecopy, electronic or telephonic notice,
request, or signature without the necessity of receipt of any verification thereof.

     (d) Expenses. Each Guarantor unconditionally agrees to pay all costs and expenses,
including reasonable attorney’s fees incurred by the Administrative Agent or any of the Lenders in
enforcing this Guaranty against any Guarantor and each Guarantor shall pay and indemnify each
Lender and Administrative Agent for, and hold it harmless from and against, any and all
obligations, liabilities, losses, damages, costs, expenses (including disbursements and reasonable
legal fees of counsel to any Lender or Administrative Agent), penalties, judgments, suits, actions,
claims, and disbursements imposed on, asserted against, or incurred by any Lender or Administrative
Agent:

     (i) relating to the preparation, negotiation, execution, administration, or enforcement
of or collection under this Guaranty or any document, instrument, or agreement relating to
any of the Obligations, including in any bankruptcy, insolvency, or similar proceeding in
any jurisdiction or political subdivision thereof;

     (ii) relating to any amendment, modification, waiver, or consent hereunder or relating
to any telecopy or telephonic transmission purporting to be by any Guarantor or Borrower;
and

     (iii) in any way relating to or arising out of this Guaranty, or any document,
instrument, or agreement relating to any of the Guarantied Obligations, or any action taken
or omitted to be taken by any Lender or Administrative Agent hereunder, and including those
arising directly or indirectly from the violation or asserted violation by any Guarantor or
Borrower or Administrative Agent or any Lender of any Law, rule, regulation, judgment,
order, or the like of any jurisdiction or political subdivision thereof (including those
relating to environmental protection, health, labor, importing, exporting, or safety) and
regardless whether asserted by any governmental entity or any other Person.

     (e) Prior Understandings. This Guaranty and the Credit Agreement constitute the
entire agreement of the parties hereto with respect to the subject matter hereof and supersede any
and all other prior and contemporaneous understandings and agreements.

     (f) Survival. All representations and warranties of the Guarantors made in connection
with this Guaranty shall survive, and shall not be waived by, the execution and delivery of this
Guaranty, any investigation by or knowledge of the Administrative Agent and

11

 

the Lenders, or any of them, any extension of credit, or any other event or circumstance
whatsoever.

[SIGNATURE PAGE FOLLOWS]

12

 

[SIGNATURE PAGE — CONTINUING

AGREEMENT OF GUARANTY AND SURETYSHIP]

     IN WITNESS WHEREOF, the undersigned parties intending to be legally bound, have executed this
Guaranty as of the date first above written with the intention that this Guaranty shall constitute
a sealed instrument.

	 	 	 	 	 

	 	 	 
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

Acknowledged and consented to:

[BORROWERS]

____________________________

	 	 	 	 	 

	By:

	 	(SEAL)	 	 
	 

	 	 	 	 
	Name:
	 	 	 	 
	Title:

	 	 

	 	 
	 

	 	 	 	 

 

 

EXHIBIT 1.1(I)

INTERCOMPANY SUBORDINATION AGREEMENT

     THIS INTERCOMPANY SUBORDINATION AGREEMENT is dated as of May 2, 2011 and is made by and among
L.B. FOSTER COMPANY, a Pennsylvania corporation, CXT INCORPORATED, a Delaware corporation, SALIENT
SYSTEMS, INC., an Ohio corporation, PORTEC RAIL PRODUCTS, INC., a West Virginia corporation,
PORTEC, RAIL PRODUCTS LTD., a corporation registered under the laws of Canada, and KELSAN
TECHNOLOGIES CORP., a corporation amalgamated under the laws of Canada (collectively, the
"Borrowers”), EACH OF THE PERSONS LISTED ON THE SIGNATURE PAGES HERETO AND EACH OF THE OTHER
PERSONS WHICH BECOME BORROWERS OR GUARANTORS HEREUNDER FROM TIME TO TIME, (the Borrowers and each
Guarantor being individually referred to herein as a “Company” and collectively as the
"Companies”), and PNC BANK, NATIONAL ASSOCIATION, as administrative agent (the “Administrative
Agent”), for the Lenders (defined below).

WITNESSETH THAT:

     WHEREAS, each capitalized term used herein shall, unless otherwise defined herein, have the
meaning specified in that certain Credit Agreement by and among the Borrowers, the other Borrowers
and Guarantors now or hereafter party thereto, the Lenders now or hereafter party thereto (the
"Lenders”), and the Administrative Agent, dated as of even date hereof (as it may be hereafter
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);
and

     WHEREAS, pursuant to the Credit Agreement and the other Loan Documents referred to and defined
in the Credit Agreement, the Lenders intend to make Loans to the Borrowers; and

     WHEREAS, the Companies have or, in the future, may have liabilities, obligations or
indebtedness owed to each other (the liabilities, obligations and indebtedness of each of the
Companies to any other Company, now existing or hereafter incurred (whether created directly or
acquired by assignment or otherwise), and interest and premiums, if any, thereon and other amounts
payable in respect thereof and all other obligations and other amounts payable by any Company to
any other Company are hereinafter collectively referred to as the “Intercompany Indebtedness”); and

     WHEREAS, the obligations of the Lenders to maintain the Commitments and make Loans to the
Borrowers from time to time are subject to the condition, among others, that the Companies
subordinate the Intercompany Indebtedness to the Obligations of the Borrowers or any other Company
to the Administrative Agent or the Lenders pursuant to the Credit Agreement, the other Loan
Documents or any Lender Provided Interest Rate Hedge or any Other Lender Provided Financial Service
Product (collectively, the “Senior Debt”) in the manner set forth herein.

 

 

     NOW, THEREFORE, intending to be legally bound hereby, the parties hereto covenant and agree as
follows:

     1. Intercompany Indebtedness Subordinated to Senior Debt. The recitals set forth
above are hereby incorporated by reference. All Intercompany Indebtedness shall be subordinate and
subject in right of payment to the prior indefeasible payment in full of all Senior Debt pursuant
to the provisions contained herein.

     2. Payment Over of Proceeds Upon Dissolution, Etc. Upon any distribution of assets of
any Company in the event of (a) any insolvency or bankruptcy case or proceeding, or any
receivership, liquidation, reorganization or other similar case or proceeding in connection
therewith, relative to any such Company or to its creditors, as such, or to its assets, or (b) any
liquidation, dissolution or other winding up of any such Company, whether voluntary or involuntary
and whether or not involving insolvency or bankruptcy, or (c) any assignment for the benefit of
creditors or any marshalling of assets and liabilities of any such Company (a Company distributing
assets as set forth herein being referred to in such capacity as a “Distributing Company”), then
and in any such event, the Administrative Agent shall be entitled to receive, for the benefit of
the Administrative Agent and the Lenders as their respective interests may appear, indefeasible
payment in full of all amounts due or to become due (whether or not an Event of Default has
occurred under the terms of the Loan Documents or the Senior Debt has been declared due and payable
prior to the date on which it would otherwise have become due and payable) on or in respect of any
and all Senior Debt before the holder of any Intercompany Indebtedness owed by the Distributing
Company is entitled to receive any payment on account of the principal of or interest on such
Intercompany Indebtedness, and to that end, the Administrative Agent shall be entitled to receive,
for application to the payment of the Senior Debt, any payment or distribution of any kind or
character, whether in cash, property or securities, which may be payable or deliverable in respect
of the Intercompany Indebtedness owed by the Distributing Company in any such case, proceeding,
dissolution, liquidation or other winding up event.

     3. No Commencement of Any Proceeding. Each Company agrees that, so long as the Senior
Debt shall remain unpaid, it will not commence, or join with any creditor other than the Lenders
and the Administrative Agent in commencing, any proceeding referred to in the first paragraph of
Section 2 against any other Company that owes it any Intercompany Indebtedness.

     4. Prior Payment of Senior Debt Upon Acceleration of Intercompany Indebtedness. If
any portion of the Intercompany Indebtedness owed by any Company becomes or is declared due and
payable before its stated maturity, then and in such event the Administrative Agent and the Lenders
shall be entitled to receive indefeasible payment in full of all amounts due and to become due on
or in respect of the Senior Debt (whether or not an Event of Default has occurred under the terms
of the Loan Documents or the Senior Debt has been declared due and payable prior to the date on
which it would otherwise have become due and payable) before the holder of any such Intercompany
Indebtedness is entitled to receive any payment thereon.

     5. No Payment When Senior Debt in Default. If any Event of Default shall have
occurred and be continuing, or such an Event of Default or Potential Default would result from or
exist after giving effect to a payment with respect to any portion of the Intercompany

2

 

Indebtedness, unless the Required Lenders shall have consented to or waived the same, so long
as any of the Senior Debt shall remain outstanding, no payment shall be made by any Company owing
such Intercompany Indebtedness on account of principal or interest on any portion of the
Intercompany Indebtedness.

     6. Payment Permitted if No Default. Nothing contained in this Agreement shall prevent
any of the Companies, at any time except during the pendency of any of the conditions described in
Sections 2, 4 and 5, from making regularly scheduled payments of principal of or interest on any
portion of the Intercompany Indebtedness, or the retention thereof by any of the Companies of any
money deposited with them for the payment of or on account of the principal of or interest on the
Intercompany Indebtedness.

     7. Receipt of Prohibited Payments. If, notwithstanding the foregoing provisions of
Sections 2, 4, 5 and 6, a Company that is owed Intercompany Indebtedness by a Distributing Company
shall have received any payment or distribution of assets from the Distributing Company of any kind
or character, whether in cash, property or securities, then and in such event such payment or
distribution shall be held in trust for the benefit of the Administrative Agent and the Lenders as
their respective interests may appear, shall be segregated from other funds and property held by
such Company, and shall be forthwith paid over to the Administrative Agent in the same form as so
received (with any necessary endorsement) to be applied (in the case of cash) to or held as
collateral (in the case of noncash property or securities) for the payment or prepayment of the
Senior Debt in accordance with the terms of the Credit Agreement.

     8. Rights of Subrogation. Each Company agrees that no payment or distribution to the
Administrative Agent or the Lenders pursuant to the provisions of this Agreement shall entitle it
to exercise any rights of subrogation in respect thereof until the Senior Debt shall have been
indefeasibly paid in full and the Commitments shall have terminated and the Letters of Credit have
expired.

     9. Agreement Solely to Define Relative Rights. The purpose of this Agreement is
solely to define the relative rights of the Companies, on the one hand, and the Administrative
Agent and the Lenders, on the other hand. Nothing contained in this Agreement is intended to or
shall impair, as between any of the Companies and their creditors other than the Administrative
Agent and the Lenders, the obligation of the Companies to each other to pay the principal of and
interest on the Intercompany Indebtedness as and when the same shall become due and payable in
accordance with its terms, or is intended to or shall affect the relative rights among the
Companies and their creditors other than the Administrative Agent and the Lenders, nor shall
anything herein prevent any of the Companies from exercising all remedies otherwise permitted by
applicable Law upon default under any agreement pursuant to which the Intercompany Indebtedness is
created, subject to the rights, if any, under this Agreement of the Administrative Agent and the
Lenders to receive cash, property or securities otherwise payable or deliverable with respect to
the Intercompany Indebtedness.

     10. Instruments Evidencing Intercompany Indebtedness. Each Company shall cause each
instrument which now or hereafter evidences all or a portion of the Intercompany Indebtedness to be
conspicuously marked as follows:

3

 

     “This instrument is subject to the terms of that certain Intercompany
Subordination Agreement dated as of May 2, 2011, in favor of PNC BANK, NATIONAL
ASSOCIATION, as Administrative Agent for the Lenders referred to therein, which
Intercompany Subordination Agreement is incorporated herein by reference.
Notwithstanding any contrary statement contained in the within instrument, no
payment on account of the principal thereof or interest thereon shall become due or
payable except in accordance with the express terms of the Intercompany
Subordination Agreement.”

Each Company will further mark its internal records in such a manner as shall be effective to give
proper notice to the effect of this Agreement.

     11. No Implied Waivers of Subordination. No right of the Administrative Agent or any
Lender to enforce subordination, as herein provided, shall at any time in any way be prejudiced or
impaired by any act or failure to act on the part of any Company or by any act or failure to act by
the Administrative Agent or any Lender, or by any non-compliance by any Company with the terms,
provisions and covenants of any agreement pursuant to which the Intercompany Indebtedness is
created, regardless of any knowledge thereof with which the Administrative Agent or any Lender may
have or be otherwise charged. Each Company by its acceptance hereof shall agree that, so long as
there is Senior Debt outstanding or Commitments in effect under the Credit Agreement, such Company
shall not agree to sell, assign, pledge, encumber or otherwise dispose of, or agree to compromise,
the obligations of the other Companies with respect to their Intercompany Indebtedness, other than
by means of payment of such Intercompany Indebtedness according to its terms, without the prior
written consent of the Administrative Agent.

     Without in any way limiting the generality of the foregoing paragraph, the Administrative
Agent or any of the Lenders may, at any time and from time to time, without the consent of or
notice to the Companies, without incurring responsibility to the Companies and without impairing or
releasing the subordination provided in this Agreement or the obligations hereunder of the
Companies to the Administrative Agent and the Lenders, do any one or more of the following in
accordance with the terms of the Credit Agreement: (i) change the manner, place or terms of
payment, or extend the time of payment, renew or alter the Senior Debt or otherwise amend or
supplement the Senior Debt or the Loan Documents; (ii) sell, exchange, release or otherwise deal
with any property pledged, mortgaged or otherwise securing the Senior Debt; (iii) release any
person liable in any manner for the payment or collection of the Senior Debt; and (iv) exercise or
refrain from exercising any rights against any of the Companies and any other person.

     12. Additional Subsidiaries. The Companies covenant and agree that they shall cause
Subsidiaries created or acquired after the date of this Agreement, and any other Subsidiaries
required to join this Agreement pursuant to Section 8.2.9 [Subsidiaries, Partnerships and Joint
Ventures] or otherwise under the Credit Agreement, to execute a Guarantor Joinder in substantially
the form of Exhibit 1.1(G)(1) to the Credit Agreement, whereby such Subsidiary joins this Agreement
and subordinates all Indebtedness owed to any such Subsidiary by any of the Companies or other
Subsidiaries hereafter created or acquired to the Senior Debt.

4

 

     13. Continuing Force and Effect. This Agreement shall continue in force for so long
as any portion of the Senior Debt remains unpaid and any Commitments or Letters of Credit under the
Credit Agreement remain outstanding, it being contemplated that this Agreement be of a continuing
nature.

     14. Modification, Amendments or Waivers. Any and all agreements amending or changing
any provision of this Agreement or the rights of the Administrative Agent or the Lenders hereunder,
and any and all waivers or consents to Events of Default or other departures from the due
performance of the Companies hereunder, shall be made only by written agreement, waiver or consent
signed by the Administrative Agent, acting on behalf of all the Lenders, with the written consent
of the Required Lenders, any such agreement, waiver or consent made with such written consent being
effective to bind all the Lenders.

     15. Expenses. The Companies unconditionally and jointly and severally agree upon
demand to pay to the Administrative Agent and the Lenders the amount of any and all out-of-pocket
costs, expenses and disbursements, including fees and expenses of counsel (including the allocated
costs of staff counsel) for which reimbursement is customarily obtained, which the Administrative
Agent or any of the Lenders may incur in connection with (a) the exercise or enforcement of any of
the rights of the Administrative Agent or the Lenders hereunder, or (b) the failure by the
Companies to perform or observe any of the provisions hereof.

     16. Severability. The provisions of this Agreement are intended to be severable. If
any provision of this Agreement shall be held invalid or unenforceable in whole or in part in any
jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such
invalidity or unenforceability without in any manner affecting the validity or enforceability
thereof in any other jurisdiction or the remaining provisions hereof in any jurisdiction.

     17. Governing Law. This Agreement shall be a contract under the internal laws of the
Commonwealth of Pennsylvania and for all purposes shall be construed in accordance with the
internal laws of the Commonwealth of Pennsylvania without giving effect to its principles of
conflict of laws.

     18. Successors and Assigns. This Agreement shall inure to the benefit of the
Administrative Agent and the Lenders and their respective successors and assigns, and the
obligations of the Companies shall be binding upon their respective successors and permitted
assigns, provided, that no Company may assign or transfer its rights or obligations hereunder or
any interest herein and any such purported assignment or transfer shall be null and void. The
duties and obligations of the Companies may not be delegated or transferred by the Companies
without the written consent of the Required Lenders and any such delegation or transfer without
such consent shall be null and void. Except to the extent otherwise required by the context of
this Agreement, the word “Lenders” when used herein shall include, without limitation, any holder
of a Note or an assignment of rights therein originally issued to a Lender under the Credit
Agreement, and each such holder of a Note or assignment shall have the benefits of this Agreement
to the same extent as if such holder had originally been a Lender under the Credit Agreement.

5

 

     19. Joint and Several Obligations. Each of the obligations of each and every Company
under this Agreement is joint and several. The Administrative Agent and the Lenders, or any of
them, may, in their sole discretion, elect to enforce this Agreement against any Company without
any duty or responsibility to pursue any other Company and such an election by the Administrative
Agent and the Lenders, or any of them, shall not be a defense to any action the Administrative
Agent and the Lenders, or any of them, may elect to take against any Company. Each of the Lenders
and Administrative Agent hereby reserve all right against each Company. Notwithstanding anything
to the contrary set forth in this Agreement, no Foreign Guarantor shall have any liability with
respect to a Revolving Credit Loan made to a Domestic Loan Party, any Letters of Credit issued for
the account of a Domestic Loan Party or other Obligation for which a Domestic Loan Party is the
primary obligor.

     20. Counterparts. This Agreement may be executed in any number of counterparts and by
the different parties hereto on separate counterparts, each of which, when executed and delivered,
shall be deemed an original, but all such counterparts shall constitute but one and the same
instrument. Each Company acknowledges and agrees that a telecopy or electronic transmission to the
Administrative Agent or any Lender of the signature page hereof purporting to be signed on behalf
of such Company shall constitute effective and binding execution and delivery hereof by such
Company.

     21. Attorneys-in-Fact. Each of the Companies hereby authorizes and empowers the
Administrative Agent, at its election and in the name of either itself, for the benefit of the
Administrative Agent and the Lenders as their respective interests may appear, or in the name of
each such Company as is owed Intercompany Indebtedness, to execute and file proofs and documents
and take any other action the Administrative Agent may deem advisable to completely protect the
Administrative Agent’s and the Lenders’ interests in the Intercompany Indebtedness and their right
of enforcement thereof, and to that end each of the Companies hereby irrevocably makes, constitutes
and appoints the Administrative Agent, its officers, employees and agents, or any of them, with
full power of substitution, as the true and lawful attorney-in-fact and agent of such Company, and
with full power for such Company, and in the name, place and stead of such Company for the purpose
of carrying out the provisions of this Agreement, and taking any action and executing, delivering,
filing and recording any instruments that the Administrative Agent may deem necessary or advisable
to accomplish the purposes hereof, which power of attorney, being given for security, is coupled
with an interest and is irrevocable. Each Company hereby ratifies and confirms, and agrees to
ratify and confirm, all action taken by the Administrative Agent, its officers, employees or agents
pursuant to the foregoing power of attorney.

     22. Application of Payments. In the event any payments are received by the
Administrative Agent under the terms of this Agreement for application to the Senior Debt at any
time when the Senior Debt has not been declared due and payable and prior to the date on which it
would otherwise become due and payable, such payment shall constitute a voluntary prepayment of the
Senior Debt for all purposes under the Credit Agreement.

     23. Remedies. In the event of a breach by any of the Companies in the performance of
any of the terms of this Agreement, the Administrative Agent, on behalf of the Lenders, may demand
specific performance of this Agreement and seek injunctive relief and may exercise any

6

 

other remedy available at law or in equity, it being recognized that the remedies of the
Administrative Agent on behalf of the Lenders at law may not fully compensate the Administrative
Agent on behalf of the Lenders for the damages they may suffer in the event of a breach hereof.

     24. Consent to Jurisdiction; Waiver of Jury Trial. Each Company hereby irrevocably
submits to the nonexclusive jurisdiction of the courts of the Commonwealth of Pennsylvania sitting
in Allegheny County and any appellate court from any thereof, in any action or proceeding arising
out of or relating to this Agreement, and each Company hereby irrevocably agrees that all claims in
respect of such action or proceeding may be heard and determined in such Pennsylvania state court
or, to the fullest extent permitted by applicable law, in such federal court. Each Company hereby
waives to the fullest extent it may effectively do so, the defense of an inconvenient forum to the
maintenance of any such action or proceeding. Each Company hereby appoints the process agent
identified below (the “Process Agent”) as its agent to receive on behalf of such party and its
respective property service of copies of the summons and complaint and any other process which may
be served in any action or proceeding. Such service may be made by mailing or delivering a copy of
such process to the Company in care of the Process Agent at the Process Agent’s address, and each
Company hereby authorizes and directs the Process Agent to receive such service on its behalf.
Each Company agrees that a final judgment in any such action or proceeding shall be conclusive and
may be enforced in other jurisdictions (or any political subdivision thereof) by suit on the
judgment or in any other manner provided at law. Each Company further agrees that it shall, for so
long as any commitment or any obligation of any Loan Party to any Lender remains outstanding,
continue to retain Process Agent for the purposes set forth in this Section 24. The Process Agent
is the Borrower, with an office on the date hereof as set forth in the Credit Agreement. The
Process Agent hereby accepts the appointment of Process Agent by the Companies and agrees to act as
Process Agent on behalf of the Companies.

     25. EXCEPT AS PROHIBITED BY LAW, EACH COMPANY, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY
WAIVE TRIAL BY A JURY IN ANY ACTION, SUIT, PROCEEDING OR COUNTERCLAIM OF ANY KIND ARISING OUT OF
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE COLLATERAL TO THE FULLEST EXTENT PERMITTED BY LAW.

     26. Notices. All notices, statements, requests and demands and other communications
given to or made upon the Companies, the Administrative Agent or the Lenders in accordance with the
provisions of this Agreement shall be given or made as provided in Section 12.5 [Notices;
Effectiveness; Electronic Communication] of the Credit Agreement.

     27. Rules of Construction. The rules of construction set forth in Section 1.2
[Construction] of the Credit Agreement shall apply to this Agreement.

[SIGNATURES APPEAR ON THE FOLLOWING PAGES]

7

 

[SIGNATURE PAGE 1 OF 3 TO INTERCOMPANY SUBORDINATION AGREEMENT]

     WITNESS the due execution hereof as of the day and year first above written with the intent
that it constitute a sealed instrument.

	 	 	 	 	 

	 	 	BORROWERS:
	 
	 	 	 	 
	 	 	L.B. Foster Company, a Pennsylvania corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	CXT Incorporated, a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Salient Systems, Inc., an Ohio corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Portec Rail Products, Inc., a West Virginia corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

 

[SIGNATURE PAGE 2 OF 3 TO INTERCOMPANY SUBORDINATION AGREEMENT]

	 	 	 	 	 

	 	 	Portec, Rail Products Ltd., a corporation registered
under the laws of Canada
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Kelsan Technologies Corp., a corporation amalgamated
under the laws of Canada
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

 

[SIGNATURE PAGE 3 OF 3 TO INTERCOMPANY SUBORDINATION AGREEMENT]

	 	 	 	 	 

	 	 	PNC BANK, NATIONAL ASSOCIATION, as Administrative

Agent
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 

 

 

EXHIBIT 2.11

LENDER JOINDER AND ASSUMPTION AGREEMENT

     THIS LENDER JOINDER AND ASSUMPTION AGREEMENT (the “Joinder”) is made as of ____________, 20__
(the “Effective Date”) by ____________________________, (the “New Lender”).

Background

     Reference is made to the Credit Agreement dated as of May 2, 2011 among L.B. Foster Company, a
Pennsylvania corporation, CXT Incorporated, a Delaware corporation, Salient Systems, Inc., an Ohio
corporation, Portec Rail Products, Inc., a West Virginia corporation, Portec, Rail Products Ltd., a
corporation registered under the laws of Canada, and Kelsan Technologies Corp., a corporation
amalgamated under the laws of Canada (collectively, the “Borrowers”), the other Borrowers and
Guarantors now or hereafter party thereto, the Lenders now or hereafter party thereto and PNC Bank,
National Association, as administrative agent (the “Administrative Agent”) (as the same has been
and may hereafter be modified, supplemented, amended or restated, the “Credit Agreement”).
Capitalized terms defined in the Credit Agreement are used herein as defined therein.

Agreement

     In consideration of the Lenders permitting the New Lender to become a Lender under the Credit
Agreement, the New Lender agrees that effective as of the Effective Date it shall become, and shall
be deemed to be, a Lender under the Credit Agreement and each of the other Loan Documents and
agrees that from the Effective Date and so long as the New Lender remains a party to the Credit
Agreement, such New Lender shall assume the obligations of a Lender under and perform, comply with
and be bound by each of the provisions of the Credit Agreement which are stated to apply to a
Lender and shall be entitled (in accordance with its Ratable Share) to the benefits, rights and
remedies set forth therein and in each of the other Loan Documents. The New Lender hereby
acknowledges that it has heretofore received (i) a true and correct copy of the Credit Agreement
(including any modifications thereof or supplements or waivers thereto) as in effect on the
Effective Date, and (ii) the executed original of its Revolving Credit Note dated the Effective
Date issued by the Borrowers under the Credit Agreement in the face amount of $_____________.

     The Commitments and Ratable Shares of the New Lender and each of the other Lenders are as set
forth on Schedule 1.1(B) to the Credit Agreement. Schedule 1.1(B) to the Credit Agreement is being
amended and restated effective as of the Effective Date hereof to read as set forth on Schedule
1.1(B) hereto. Schedule 1 hereto lists as of the date hereof the amount of Loans under
each outstanding Borrowing Tranche. Notwithstanding the foregoing on the date hereof, the
Borrowers shall repay all outstanding Loans to which either the Base Rate Option or the Euro-Rate
Option applies and simultaneously reborrow a like amount of Loans under each such Interest Rate
Option from the Lenders (including the New Lender) according to the Ratable

 

 

Shares set forth on
attached Schedule 1.1(B) and shall be subject to breakage fees and other indemnities
provided in Section 5.10 [Indemnity].

     The New Lender is executing and delivering this Joinder as of the Effective Date and
acknowledges that it shall: (A) participate in all new Revolving Credit Loans borrowed by the
Borrowers on and after the Effective Date according to its Ratable Share; and (B) participate in
all Letters of Credit outstanding on and after the Effective Date according to its Ratable Share.

[SIGNATURE PAGE FOLLOWS]

2

 

[SIGNATURE PAGE TO LENDER

JOINDER AND ASSUMPTION AGREEMENT]

     IN WITNESS WHEREOF, the New Lender has duly executed and delivered this Joinder as of the
Effective Date.

	 	 	 	 	 

	 	 	[NEW LENDER]
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 

 

 

[ACKNOWLEDGEMENT TO LENDER JOINDER AND ASSUMPTION AGREEMENT]

ACKNOWLEDGED:

PNC BANK, NATIONAL ASSOCIATION,

as Administrative Agent

	 	 	 	 	 

	By:

	 	 
 

	 	 
	Name:

	 	 
 

	 	 
	Title:

	 	 
 

	 	 
	 
	 	 	 	 
	BORROWERS:	 	 
	 
	L.B. FOSTER COMPANY, a Pennsylvania
corporation	 	 
	 
	 	 	 	 
	By:

	 	 
 

	 	 
	Name:

	 	 
 

	 	 
	Title:

	 	 
 

	 	 
	 
	 	 	 	 
	CXT INCORPORATED, a Delaware 

corporation	 	 
	 
	 	 	 	 
	By:

	 	 
 

	 	 
	Name:

	 	 
 

	 	 
	Title:

	 	 
 

	 	 
	 
	 	 	 	 
	SALIENT SYSTEMS, INC., an Ohio
corporation	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	By:
	 	 
 

	 	 
	Name:

	 	 
 

	 	 
	Title:

	 	 
 

	 	 

 

 

	 	 	 	 	 

	PORTEC RAIL PRODUCTS, INC., a West
Virginia corporation	 	 
	 
	 	 	 	 
	By:

	 	 
 

	 	 
	Name:

	 	 
 

	 	 
	Title:

	 	 
 

	 	 
	 
	 	 	 	 
	PORTEC, RAIL PRODUCTS, LTD. a
corporation registered under the laws of
Canada	 	 
	 
	 	 	 	 
	By:

	 	 
 

	 	 
	Name:

	 	 
 

	 	 
	Title:

	 	 
 

	 	 
	 
	 	 	 	 
	KELSAN TECHNOLOGIES CORP., a
corporation amalgamated under the laws of
Canada	 	 
	 
	 	 	 	 
	By:

	 	 
 

	 	 
	Name:

	 	 
 

	 	 
	Title:

	 	 
 

	 	 

 

 

SCHEDULE 1.1(B)

COMMITMENTS OF LENDERS

 

 

SCHEDULE 1

OUTSTANDING TRANCHES

 

 

EXHIBIT 1.1(N)(1)

REVOLVING CREDIT NOTE

			
	 	 	 
	$______________
	 	Pittsburgh, Pennsylvania
	 
	 	May 2, 2011

     FOR VALUE RECEIVED, the undersigned, L.B. FOSTER COMPANY, a Pennsylvania corporation, CXT
INCORPORATED, a Delaware corporation, SALIENT SYSTEMS, INC., an Ohio corporation, PORTEC RAIL
PRODUCTS, INC., a West Virginia corporation, PORTEC, RAIL PRODUCTS LTD., a corporation registered
under the laws of Canada, and KELSAN TECHNOLOGIES CORP., a corporation amalgamated under the laws
of Canada (herein collectively called the “Borrowers”), hereby unconditionally promise to pay to
the order of ________________________________ (the “Lender”) the lesser of: (i) the principal sum
of ______________________________ Dollars (US$____________) (or the Dollar Equivalent of such
amount in Optional Currencies as provided in the Credit Agreement), or (ii) the aggregate unpaid
principal balance of all Revolving Credit Loans made by the Lender to the Borrowers pursuant to
Section 2.5.4 [Repayment of Revolving Credit Loans] of the Credit Agreement, dated as of May 2,
2011, among the Borrowers, the other Borrowers and Guarantors now or hereafter party thereto, the
Lenders now or hereafter party thereto and PNC Bank, National Association, as administrative agent,
(hereinafter referred to in such capacity as the “Administrative Agent”) (as amended, restated,
modified, or supplemented from time to time, the “Credit Agreement”), together with all outstanding
interest thereon on the Expiration Date.

     The Borrowers shall pay interest on the unpaid principal balance hereof from time to time
outstanding from the date hereof at the rate or rates per annum specified by the Borrowers pursuant
to, or as otherwise provided in, the Credit Agreement. Subject to the provisions of the Credit
Agreement, interest on this Revolving Credit Note will be payable pursuant to Section 5.5 [Interest
Payment Dates] of, or as otherwise provided in, the Credit Agreement. If any payment or action to
be made or taken hereunder shall be stated to be or become due on a day which is not a Business
Day, such payment or action shall be made or taken on the next following Business Day, unless
otherwise provided in the Credit Agreement, and such extension of time shall be included in
computing interest or fees, if any, in connection with such payment or action. Upon the occurrence
and during the continuation of an Event of Default, the Borrowers shall pay interest on the entire
principal amount of the then outstanding Revolving Credit Loans evidenced by this Revolving Credit
Note and all other obligations due and payable to the Lender pursuant to the Credit Agreement and
the other Loan Documents at a rate per annum as set forth in Section 4.3 [Interest After Default]
of the Credit Agreement. Such interest rate will accrue before and after any judgment has been
entered.

     Subject to the provisions of the Credit Agreement, payments of both principal and interest
shall be made without setoff, counterclaim or other deduction of any nature at the office of the
Administrative Agent located at 500 First Avenue, Pittsburgh, Pennsylvania 15219 unless otherwise
directed in writing by the Administrative Agent, in lawful money of the United States

 

 

of America
or, in the case of any Revolving Credit Loans made in an Optional Currency, in the applicable
Optional Currency, in each case in immediately available funds.

     This Revolving Credit Note is one of the Notes referred to in, and is entitled to the benefits
of, the Credit Agreement and the other Loan Documents, including the representations, warranties,
covenants, conditions, security interests and Liens contained or granted therein. The Credit
Agreement among other things contains provisions for acceleration of the maturity hereof upon the
happening of certain stated events and also for prepayments, in certain circumstances, on account
of principal hereof prior to maturity upon the terms and conditions therein specified. Each
Borrower waives presentment, demand, notice, protest and all other demands and notices in
connection with the delivery, acceptance, performance, default or enforcement of this Revolving
Credit Note and the Credit Agreement.

     This Revolving Credit Note shall bind the Borrowers and their successors and assigns, and the
benefits hereof shall inure to the benefit of the Lender and its successors and assigns. All
references herein to the “Borrowers” and the “Lender” shall be deemed to apply to the Borrowers and
the Lender, respectively, and their respective successors and assigns as permitted under the Credit
Agreement.

     This Revolving Credit Note and any other documents delivered in connection herewith and the
rights and obligations of the parties hereto and thereto shall for all purposes be governed, by and
construed and enforced in accordance with, the internal laws of the Commonwealth of Pennsylvania
without giving effect to its conflicts of law principles.

     All capitalized terms used herein shall, unless otherwise defined herein, have the same
meanings given to such terms in the Credit Agreement and Section 1.2 [Construction] of the Credit
Agreement shall apply to this Revolving Credit Note.

     The liability of the Foreign Borrowers under this Note is subject to the provisions of Section
12.14 [Liability of Foreign Borrowers] of the Credit Agreement. Notwithstanding anything to the
contrary set forth in this Revolving Credit Note, no Foreign Guarantor shall have any liability
with respect to a Revolving Credit Loan made to a Domestic Loan Party, any Letters of Credit issued
for the account of a Domestic Loan Party or other Obligation for which a Domestic Loan Party is the
primary obligor.

[SIGNATURE PAGE FOLLOWS]

2

 

[SIGNATURE PAGE 1 OF 2 TO REVOLVING CREDIT NOTE]

     IN WITNESS WHEREOF, and intending to be legally bound hereby, the undersigned have executed
this Revolving Credit Note by their duly authorized officers with the intention that it constitute
a sealed instrument.

	 	 	 	 	 

	 	 	L.B. Foster Company, a Pennsylvania corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	CXT Incorporated, a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Salient Systems, Inc., an Ohio corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Portec Rail Products, Inc., a West Virginia corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 

3

 

[SIGNATURE PAGE 2 OF 2 TO REVOLVING CREDIT NOTE]

	 	 	 	 	 

	 	 	Portec, Rail Products Ltd., a corporation registered
under the laws of Canada
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Kelsan Technologies Corp., a corporation amalgamated
under the laws of Canada
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 

 

 

EXHIBIT 1.1(N)(2)

SWING LOAN NOTE

			
	 	 	 
	$15,000,000.00
	 	Pittsburgh, Pennsylvania
	 
	 	May 2, 2011

     FOR VALUE RECEIVED, the undersigned, L.B. FOSTER COMPANY, a Pennsylvania corporation, CXT
INCORPORATED, a Delaware corporation, SALIENT SYSTEMS, INC., an Ohio corporation, PORTEC RAIL
PRODUCTS, INC., a West Virginia corporation, PORTEC, RAIL PRODUCTS LTD., a corporation registered
under the laws of Canada, and KELSAN TECHNOLOGIES CORP., a corporation amalgamated under the laws
of Canada (herein collectively called the “Borrowers”), hereby unconditionally promise to pay to
the order of PNC BANK, NATIONAL ASSOCIATION (the “Lender”), the lesser of (a) the principal sum of
Fifteen Million Dollars (US$15,000,000.00), or (b) the aggregate unpaid principal balance of all
Swing Loans made by the Lender to the Borrowers pursuant to the Credit Agreement, dated as of May
2, 2011, among the Borrowers, the other Borrowers and Guarantors now or hereafter party thereto,
the Lenders now or hereafter party thereto, and the Lender, as administrative agent (hereinafter
referred to in such capacity as the “Administrative Agent”) (as amended, restated, modified, or
supplemented from time to time, the “Credit Agreement”), payable with respect to each Swing Loan
evidenced hereby on the earlier of (i) demand by the Lender or (ii) on the Expiration Date.

     The Borrowers shall pay interest on the unpaid principal balance of each Swing Loan from time
to time outstanding from the date hereof at the rate per annum and on the date(s) provided in the
Credit Agreement. Subject to the provisions of the Credit Agreement, interest on this Swing Loan
Note will be payable pursuant to Section 5.5 [Interest Payment Dates] of, or as otherwise provided
in, the Credit Agreement. If any payment or action to be made or taken hereunder shall be stated
to be or become due on a day which is not a Business Day, such payment or action shall be made or
taken on the next following Business Day, unless otherwise provided in the Credit Agreement, and
such extension of time shall be included in computing interest or fees, if any, in connection with
such payment or action. Upon the occurrence and during the continuation of an Event of Default,
the Borrowers shall pay interest on the entire principal amount of the then outstanding Swing Loans
evidenced by this Swing Loan Note at a rate per annum as set forth in Section 4.3 [Interest After
Default] of the Credit Agreement. Such interest rate will accrue before and after any judgment has
been entered.

     Subject to the provisions of the Credit Agreement, payments of both principal and interest
shall be made without setoff, counterclaim or other deduction of any nature at the office of the
Administrative Agent located at 500 First Avenue, Pittsburgh, Pennsylvania 15219, unless otherwise
directed in writing by the holder hereof, in lawful money of the United States of America in
immediately available funds.

     This Swing Loan Note is one of the Notes referred to in, and is entitled to the benefits of,
the Credit Agreement and the other Loan Documents, including the representations, warranties,

 

 

covenants, conditions, security interests and Liens contained or granted therein. The Credit
Agreement among other things contains provisions for acceleration of the maturity hereof upon the
happening of certain stated events and also for prepayments, in certain circumstances, on account
of principal hereof prior to maturity upon the terms and conditions therein specified. Each
Borrower waives presentment, demand, notice, protest and all other demands and notices in
connection with the delivery, acceptance, performance, default or enforcement of this Swing Loan
Note and the Credit Agreement.

     Each Borrower acknowledges and agrees that the Lender may at any time and in its sole
discretion demand payment of all amounts outstanding under this Swing Loan Note without prior
notice to the Borrowers.

     This Swing Loan Note shall bind the Borrowers and their successors and assigns, and the
benefits hereof shall inure to the benefit of the Lender and its successors and assigns. All
references herein to the “Borrowers” and the “Lender” shall be deemed to apply to the Borrowers and
the Lender, respectively, and their respective successors and assigns as permitted under the Credit
Agreement.

     This Swing Loan Note and any other documents delivered in connection herewith and the rights
and obligations of the parties hereto and thereto shall for all purposes be governed, by and
construed and enforced in accordance with, the internal laws of the Commonwealth of Pennsylvania
without giving effect to its conflicts of law principles.

     All capitalized terms used herein shall, unless otherwise defined herein, have the same
meanings given to such terms in the Credit Agreement and Section 1.2 [Construction] of the Credit
Agreement shall apply to this Swing Loan Note.

     The liability of the Foreign Borrowers under this Note is subject to the provisions of Section
12.14 [Liability of Foreign Borrowers] of the Credit Agreement. Notwithstanding anything to the
contrary set forth in this Swing Loan Note, no Foreign Guarantor shall have any liability with
respect to a Loan made to a Domestic Loan Party, any Letters of Credit issued for the account of a
Domestic Loan Party or other Obligation for which a Domestic Loan Party is the primary obligor.

[SIGNATURE PAGE FOLLOWS]

2

 

[SIGNATURE PAGE 1 OF 2 TO SWING LOAN NOTE]

     IN WITNESS WHEREOF, and intending to be legally bound hereby, the undersigned have executed
this Swing Loan Note by their duly authorized officers with the intention that it constitute a
sealed instrument.

	 	 	 	 	 

	 	 	L.B. Foster Company, a Pennsylvania corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	CXT Incorporated, a Delaware corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Salient Systems, Inc., an Ohio corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Portec Rail Products, Inc., a West Virginia corporation
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 

 

 

[SIGNATURE PAGE 2 OF 2 TO SWING LOAN NOTE]

	 	 	 	 	 

	 	 	Portec, Rail Products Ltd., a corporation registered
under the laws of Canada
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 	 	Kelsan Technologies Corp., a corporation amalgamated
under the laws of Canada
	 
	 	 	 	 
	 

	 	By:
	 	(SEAL)
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 

 

 

EXHIBIT 2.4.1

LOAN REQUEST

	 	 	 

	TO:

	 	PNC Bank, National Association, as Administrative Agent
	 

	 	PNC Firstside Center P7 PFSC 05 W
	 

	 	500 First Avenue, 4th Floor
	 

	 	Pittsburgh, Pennsylvania 15219
	 

	 	Telephone No.: (412) 762-7638
	 

	 	Telecopier No.: (412) 762-8672
	 

	 	Attn: Rini Davis, PNC Agency Services
	 
	 	 
	FROM:

	 	L.B. Foster Company, a Pennsylvania corporation (the “Company”)
	 
	 	 
	RE:

	 	Credit Agreement (as it may be amended, restated, modified or supplemented, the “Credit Agreement”), dated as
of May 2, 2011, by and among the Company, CXT Incorporated, Salient Systems, Inc., Portec Rail Products,
Inc., Portec, Rail Products Ltd. and Kelsan Technologies Corp., the other Borrowers and Guarantors now or
hereafter party thereto, the Lenders now or hereafter party thereto and PNC Bank, National Association, as
administrative agent for the Lenders (the “Administrative Agent”).

Capitalized terms not otherwise defined herein shall have the respective meanings ascribed to them
by the Credit Agreement.

	A.	 	Pursuant to Section 2.4.1 [Revolving Credit Loan Requests] or Section 4.1.1 [Revolving Credit Interest Rate Options, etc.], as the case may be, of
the Credit Agreement, the Company irrevocably requests [check one line under 1 below, as applicable, and fill in blank space next to the line as
appropriate].

	 	1	                       	 A new Revolving Credit Loan, OR
	 
	 	 	                      	 Renewal of the Euro-Rate Option applicable to an outstanding
_______________ Revolving Credit Loan originally made on __________,
20__, OR
	 
	 	 	                       	Conversion of the Base Rate Option applicable to an outstanding
_______________ Revolving Credit Loan originally made on _________, 20__
to a Loan to which the Euro-Rate Option applies, OR
	 
	 	 	                      	 Conversion of the Euro-Rate Option applicable to an outstanding
_______________ Revolving Credit Loan originally made on __________ __,
20__ to a Loan to which the Base Rate Option applies.

 

 

SUCH NEW, RENEWED OR CONVERTED LOAN SHALL BEAR INTEREST:

[Check 2(a) or (b), below and fill in blank spaces in line next to line]:

	 	2(a) 	                      	  Under the Base Rate Option. Such Loan shall have a Borrowing Date of
__________, 20___ (which date shall be the same Business Day of receipt by
the Administrative Agent by 11:00 a.m. eastern time of this Loan Request
for making a new Revolving Credit Loan to which the Base Rate Option
applies, or (ii) the last day of the preceding Interest Period if a Loan
to which the Euro-Rate Option applies is being converted to a Loan to
which the Base Rate Option applies).
	 
	 	 	 	OR
	 
	 	(b)	                      	 Under the Euro-Rate Option. Such Loan shall have a Borrowing Date of
_____________, 20__ (which date shall be four (4) Business Days, in the
case of Optional Currency Loans, and three (3) Business Days for all other
Loans), subsequent to the Business Day of receipt by the Administrative
Agent by 1:00 p.m. eastern time of this Loan Request for making a new
Revolving Credit Loan to which the Euro-Rate Option applies, renewing a
Loan to which the Euro-Rate Option applies, or converting a Loan to which
the Base Rate Option applies to a Loan to which the Euro-Rate Option
applies).

[Check 3(a) or (b), below and fill in blank spaces in line next to line]:

	 	3(a) 	 	 Such Loan is in Dollars, in the principal amount of U.S. $_____________ or the principal amount to be renewed or
converted is U.S. $_____________
	 
	 	 	 	OR
	 
	 	(b)	 	Such Loan is in the following Optional Currency, in the principal amount of _____________, or the principal amount
of such Optional Currency to be renewed is _____________.

[for Loans under Section 2.4.1 not to be less than $1,000,000 and in increments of $250,000 for each Borrowing
Tranche under the Euro-Rate Option and not less than $500,000 and increments of $100,000 for each Borrowing Tranche
under the Base Rate Option.]
	 
	 	4	 	[Complete blank below if the Company is selecting the Euro-Rate Option]:

Such Loan shall have an Interest Period of one week or one, two, three, or six Month(s):
_______________________________

2

 

	 	5	 	The proceeds of the Loan shall be advanced:

To o the Company for its benefit [check box if applicable]

OR to the following Borrower(s) for its/their benefit: [insert names if applicable]
_______________________________
OR, in compliance with the Credit Agreement, to the Company for the benefit of the following Borrower(s):
_______________________________ [insert names if applicable]

	B 	 	As of the date hereof and the date of making the above-requested Loan (and after giving effect thereto): the Loan Parties have performed and
complied with all covenants and conditions of such Persons under the Credit Agreement and the other Loan Documents; all of the representations and
warranties contained in Section 6 of the Credit Agreement and in the other Loan Documents are true and correct in all material respects (unless any
such representation or warranty is qualified to materiality, in which case such representation or warranty is true and correct in all respects),
except for representations and warranties made as of a specified date (which were true and correct in all material respects, as applicable, as of
such date); no Event of Default or Potential Default has occurred and is continuing or exists; the making of such Loan shall not contravene any Law
applicable to any Borrower, any other Loan Party, any Subsidiary of any Borrower or of any other Loan Party; the making of such Loan shall not
cause Revolving Facility Usage to exceed the Revolving Credit Commitments.
	 
	C 	 	Each of the undersigned hereby irrevocably requests [check one line below and fill in blank spaces next to the line as appropriate]:

	 	1	                     	 Funds to be deposited into a PNC Bank bank account per our current
standing instructions. Complete amount of deposit if not full loan
advance amount: U.S. $                     OR
Optional Currency                     
	 
	 	2	                     	 Funds to be wired per the following wire instructions:
_________________ [U.S. dollars OR Optional Currency] Amount of Wire
Transfer

Bank Name: _____________________

ABA: __________________________

Account Number: _________________

Account Name: ___________________

Reference: _______________________
	 
	 	3	                     	 Funds to be wired per the attached Funds Flow (multiple wire transfers).

3

 

[SIGNATURE PAGE — LOAN REQUEST]

     The Company certifies to the Administrative Agent for the benefit of the Lenders as to the
accuracy of the foregoing on ____, 20___.

	 	 	 	 	 

	 	 	L.B. Foster Company, a Pennsylvania corporation
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 

 

 

EXHIBIT 2.4.2

SWING LOAN REQUEST

	 	 	 

	TO:

	 	PNC Bank, National Association, as Administrative Agent
	 

	 	PNC Firstside Center P7 PFSC 05 W
	 

	 	500 First Avenue, 4th Floor
	 

	 	Pittsburgh, Pennsylvania 15219
	 

	 	Telephone No.: (412) 762-7638
	 

	 	Telecopier No.: (412) 762-8672
	 

	 	Attn: Rini Davis, PNC Agency Services
	 
	 	 
	FROM:

	 	L.B. Foster Company, a Pennsylvania corporation (the “Company”)
	 
	 	 
	RE:

	 	Credit Agreement (as it may be amended, restated, modified or supplemented, the “Credit Agreement”), dated as
May 2, 2011, by and among the Company, Salient Systems, Inc., Portec Rail Products, Inc., Portec, Rail
Products Ltd. and Kelsan Technologies Corp., the other Borrowers and Guarantors now or hereafter party
thereto, the Lenders now or hereafter party thereto and PNC Bank, National Association, as administrative
agent for the Lenders, (the “Administrative Agent”).

     Capitalized terms not otherwise defined herein shall have the respective meanings given to
them by the Agreement.

     Pursuant to Section 2.4.2 of the Agreement, the Company hereby makes the following Swing Loan
Request:

	 	 	 	 	 

	1.
	 	Aggregate principal amount of such Swing Loan (may not be less than	 	 
	 
	 	$100,000)	 	U.S. $                    
	 
	 	 	 	 
	2.
	 	Proposed Borrowing Date
	 	 
	 
	 	(which date shall be on or after the date on which the	 	 
	 
	 	Administrative Agent receives this Swing Loan Request, with such	 	 
	 
	 	Swing Loan Request to be received no later than 2:00 p.m. eastern	 	 
	 
	 	time on the Borrowing Date)	 	                    
	 
	 	 	 	 
	3.	 	The proceeds of the Swing Loan shall be advanced:

To o the Company for its benefit [check box if applicable]

OR to the following Borrower(s) for its/their benefit: [insert names if applicable]

_______________________________
OR, in compliance with the Credit Agreement, to the Company for the benefit of the following
Borrower(s): _______________________________ [insert names

 

 

	 	 	 	 	 

	 	 	if applicable]
	 
	 	 	 	 
	4.	 	As of the date hereof and the date of making the above-requested Swing Loan (and after giving effect
thereto): the Loan Parties and the other Guarantors have performed and complied with all covenants
and conditions of such Persons under the Credit Agreement and the other Loan Documents; all of the
representations and warranties contained in Section 6 of the Credit Agreement and in the other Loan
Documents are true and correct in all material respects (unless any such representation or warranty
is qualified to materiality, in which case such representation or warranty is true and correct in all
respects), except for representations and warranties made as of a specified date (which were true and
correct in all material respects, as applicable, as of such date); no Event of Default or Potential
Default has occurred and is continuing or exists; the making of such Loan shall not contravene any
Law applicable to the Company, any other Loan Party, any Subsidiary of the Company or of any other
Loan Party or any other Guarantor, or any Lender; the making of such Loan shall not exceed the Swing
Loan Commitment or cause (i) the Revolving Facility Usage to exceed the Revolving Credit Commitments,
or (ii) the amount of the outstanding Swing Loans to exceed the Swing Loan Commitment.
	 
	5.	 	Each of the undersigned hereby irrevocably requests [check one line below and fill in blank spaces
next to the line as appropriate]:

	 	 	 	 	 	 	 

	 

	 	A
	 	                    
	 	Funds to be deposited into a PNC Bank bank account per our
current standing instructions. Complete amount of deposit
if not full loan advance amount: U.S. $_______________.
	 
	 	 	 	 	 	 
	 

	 	B
	 	                    
	 	Funds to be wired per the following wire instructions:

U.S. $_________________ Amount of Wire Transfer

Bank Name: _____________________

ABA: __________________________

Account Number: _________________

Account Name: ___________________

Reference: _______________________

	 
	 	 	 	 	 	 
	 

	 	C
	 	                    
	 	Funds to be wired per the attached Funds Flow (multiple
wire transfers).

[SIGNATURE PAGE FOLLOWS]

2

 

[SIGNATURE PAGE — SWING LOAN REQUEST]

     The Company certifies to the Administrative Agent for the benefit of the Lenders as to the
accuracy of the foregoing on ________________, 20___.

	 	 	 	 	 

	 	 	L.B. Foster Company, a Pennsylvania corporation
	 
	 	 	 	 
	 

	 	By:
	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	 
	 

	 	 	 	 
	 

	 	Title:
	 	 
	 

	 	 	 	 

 

 

EXHIBIT 8.2.6

ACQUISITION COMPLIANCE CERTIFICATE

     This certificate is delivered pursuant to Section 8.2.6 of that certain Credit Agreement dated
as of May 2, 2011 (the “Credit Agreement”) by and among L.B. FOSTER COMPANY, a Pennsylvania
corporation (the “Company”), the other Borrowers now or hereafter party thereto, the Guarantors now
or hereafter party thereto, the Lenders party thereto (the “Lenders”), and PNC Bank, National
Association as Administrative Agent for the Lenders (the “Administrative Agent”). Unless otherwise
defined herein, terms defined in the Credit Agreement are used herein with the same meanings.

     The undersigned officer, ______________________, the ___________ [Chief executive officer,
president, chief or deputy chief financial officer, treasurer or assistant treasurer] of the
Company, in such capacity does hereby certify on behalf of the Company after giving pro forma
effect to the Permitted Acquisition which is the basis for this Certificate, as follows:

Description of Proposed Permitted Acquisition

(1) Company desires that ___________________ [Insert name of entity that will be making the
Acquisition] (the “Acquiring Company”) [acquire the assets/acquire the stock] of
____________________________ [Insert name of entity or business division whose assets are being
acquired or the entity whose equity interests are being acquired] (the “Acquired Business”) from
______________ [Identify the name(s) of the seller(s) of such assets or equity interests] (the
"Seller”) (the “Acquisition”).

(2) The proposed date of Acquisition is _________________ (which date shall be at least five (5)
Business Days after the date of this Certificate, the “Acquisition Date”). The most recent four
fiscal quarter period for which financial statements and a related compliance certificate were
delivered to the Administrative Agent is the period ended ___________, 20__ (the “Report Date”).

(3) The Acquired Business is engaged in ____________________ [describe business being acquired].

(4) The board of directors or other equivalent governing body of the Seller has approved of the
acquisition and evidence of such approval is attached hereto.

(5) After giving effect to the proposed Permitted Acquisition, the Company shall be in compliance
with Section 8.2.6(e) of the Credit Agreement, as more fully set forth below (all calculations set
forth below give effect to the proposed Permitted Acquisition and are calculated on a pro forma
basis in a manner acceptable to the Administrative Agent, using historical numbers, in accordance
with GAAP, as though the Acquisition occurred prior to the applicable periods and the results of
the Acquired Business shall be included for such applicable periods to the extent provided below:

	(6)	 	Pro Forma Maximum Leverage Ratio. After giving effect to the Permitted Acquisition,
the ratio of Consolidated Total Net Indebtedness to Consolidated EBITDA is _______ to 

 

 

	 	 	1.00
[insert from Item 1(C) below], which does not exceed the permitted ratio of 2.50 to 1.00.

     The calculations for the Leverage Ratio are as follows:

	 	 	 	 	 	 	 	 	 

	 	 	(A)	 	Consolidated Total Net Indebtedness with respect to the
Company and its Subsidiaries, as of the Report Date,
calculated as follows (without duplication):
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Indebtedness of the Company and its Subsidiaries
(excluding the indebtedness described in Section (iv) of the definition of Indebtedness) as of
such date determined and consolidated in
accordance with GAAP, as follows:
	 	—
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(i)
	 	indebtedness for borrowed money
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(ii)
	 	amounts raised under or liabilities in
respect of any note purchase or acceptance
credit facility
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(iii)
	 	reimbursement obligations (contingent or
otherwise) under any letter of credit agreement
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(iv)
	 	any other transaction (including forward
sale or purchase agreements, capitalized leases
and conditional sales agreements) having the
commercial effect of a borrowing of money
entered into by such Person to finance its
operations or capital requirements (but not
including trade payables and accrued expenses
incurred in the ordinary course of business
which are not represented by a promissory note
or other evidence of indebtedness and which are
not more than sixty (60) days past due)
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(v)
	 	any Guaranty of Indebtedness for borrowed
money
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vi)
	 	the sum of Items 1(A)(i) through 1(A)(v)
equals the Indebtedness of the Company and its
Consolidated Subsidiaries (excluding the
indebtedness described in Section (iv) of the
definition of Indebtedness)
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vii)
	 	Cash on Hand in excess of $15,000,000
which is held by the Company or its Subsidiaries
	 	$_____________

2

 

	 	 	 	 	 	 	 	 	 

	 

	 	 	 	(viii)
	 	Item 1(A)(vi) minus Item 1(A)(vii) equals
the Consolidated Total Net Indebtedness
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 	 	(B)	 	Consolidated EBITDA of the Company and its Subsidiaries,
calculated as follows:	 	—
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(i)
	 	net income
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(ii)
	 	depreciation
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(iii)
	 	amortization
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(iv)
	 	interest expense
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(v)
	 	income tax expense
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vi)
	 	non-cash expenses in connection with the
Borrowers’ employee stock option plan
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vii)
	 	reasonable transaction costs and expenses
related to the Portec Acquisition
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(viii)
	 	integration expenses incurred during
fiscal year 2011 in an amount not to exceed
$2,000,000 relating to the Portec Acquisition
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(ix)
	 	reasonable transaction costs and expenses
related to Permitted Acquisitions in an
aggregate amount not to exceed $2,500,000
applied by the Borrowers in the period that any
such Permitted Acquisition occurred
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(x)
	 	any other non-cash charges, non-cash
expenses or non-cash losses of the Company or
any of its consolidated Subsidiaries (including
but not limited to costs recognized related to
an acquisition purchase price allocation to
tangible or intangible assets not classified as
depreciation or amortization); provided,
however, that cash payments made in such period
or in any future period in respect of such
non-cash charges, expenses or losses shall be
subtracted from consolidated net income in
calculating Consolidated EBITDA in the period
when such payments are made
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(xi)
	 	the sum of Items 1(B)(i) through Item
1(B)(x)
	 	$_____________

3

 

	 	 	 	 	 	 	 	 	 

	 

	 	 	 	(xii)
	 	non-cash credits to net income, in each
case of the Company and its Subsidiaries
(including but not limited to benefits
recognized related to an acquisition purchase
price allocation to tangible or intangible
assets not classified as depreciation or
amortization) for such period determined and
consolidated in accordance with GAAP
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(xiii)
	 	Item 1(B)(xi) minus Item 1(B)(xii) equals
Consolidated EBITDA
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 	 	(C)	 	Item 1(A)(viii) divided by Item 1(B)(xiii) equals the
Leverage Ratio	 	______ to 1.00

(7) Availability. After taking into account the Loans incurred in connection with the
proposed Acquisition, the Loan Parties have the ability to borrow an additional $____________
under the Credit Agreement, which is not less than the required amount of $15,000,000 pursuant to
Section 8.2.6(e) of the Credit Agreement.

(8) Representations, Warranties and Covenants. The Borrowers are in compliance with, and
have at all times complied with, the provisions of the Credit Agreement. The representations and
warranties contained in Section 6 of the Credit Agreement and in the other Loan Documents are true
and correct on and as of the date of this certificate (except to the extent such representations
and warranties refer to an earlier date, as of such earlier date) with the same effect as though
such representations and warranties had been made on the date hereof, and the Borrowers have
performed and complied with all covenants and conditions thereof.

(9) Event of Default or Potential Default. No Event of Default or Potential Default exists
as of the date hereof.

[SIGNATURES FOLLOW]

4

 

[SIGNATURE PAGE — ACQUISITION COMPLIANCE CERTIFICATE]

     IN WITNESS WHEREOF, the undersigned has executed this Certificate this _____ day of
____________, 20___.

	 	 	 	 	 	 	 

	 	 	COMPANY (ON BEHALF OF ITSELF AND THE OTHER

BORROWERS):
	 
	 	 	 	 	 	 
	 	 	L.B. FOSTER COMPANY, a Pennsylvania corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 

 

EXHIBIT 8.3.3

QUARTERLY COMPLIANCE CERTIFICATE

     This Certificate is delivered pursuant to Section 8.3.3 of that certain Credit Agreement dated
as of May 2, 2011 (the “Credit Agreement”) by and among L.B. FOSTER COMPANY, a Pennsylvania
corporation (the “Company”), the other Borrowers now or hereafter party thereto, the Guarantors now
or hereafter party thereto, the Lenders now or hereafter party thereto (the “Lenders”), and PNC
Bank, National Association, as Administrative Agent for the Lenders (the “Administrative Agent”).
Unless otherwise defined herein, terms defined in the Credit Agreement are used herein with the
same meanings.

     The undersigned officer, ______________________, the ___________ [Chief executive officer,
president, chief or deputy chief financial officer, treasurer or assistant treasurer] of the
Company, in such capacity does hereby certify on behalf of the Company and other Borrowers as of
the quarter/year ended _________________, 20___ (the “Report Date”), as follows:1

	(1)	 	Maximum Leverage Ratio (Section 8.2.13). As of the Report Date, the ratio of
Consolidated Total Net Indebtedness to Consolidated EBITDA is _______ to 1.00 [insert from
Item 1(C) below], which does not exceed the permitted ratio of 3.00 to 1.00.

     The calculations for the Leverage Ratio are as follows:

	 	 	 	 	 	 	 	 	 

	 	 	(A)	 	Consolidated Total Net Indebtedness with respect to the
Company and its Subsidiaries, as of the Report Date,
calculated as follows (without duplication):

Indebtedness of the Company and its Subsidiaries
(excluding the indebtedness described in Section
(iv) of the definition of Indebtedness) as of
such date determined and consolidated in
accordance with GAAP, as follows:	 	—
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(i)
	 	indebtedness for borrowed money
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(ii)
	 	amounts raised under or liabilities in
respect of any note purchase or acceptance
credit facility
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(iii)
	 	reimbursement obligations (contingent or
otherwise) under any letter of credit agreement
	 	$_____________

 

			
	1	 	See Credit Agreement for full provisions
relating to all financial covenants.

 

 

	 	 	 	 	 	 	 	 	 

	 

	 	 	 	(iv)
	 	any other transaction (including forward
sale or purchase agreements, capitalized leases
and conditional sales agreements) having the
commercial effect of a borrowing of money
entered into by such Person to finance its
operations or capital requirements (but not
including trade payables and accrued expenses
incurred in the ordinary course of business
which are not represented by a promissory note
or other evidence of indebtedness and which are
not more than sixty (60) days past due)
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(v)
	 	any Guaranty of Indebtedness for borrowed
money
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vi)
	 	the sum of Items 1(A)(i) through 1(A)(v)
equals the Indebtedness of the Company and its
Consolidated Subsidiaries (excluding the
indebtedness described in Section (iv) of the
definition of Indebtedness)
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vii)
	 	Cash on Hand in excess of $15,000,000
which is held by the Company or its Subsidiaries
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(viii)
	 	Item 1(A)(vi) minus Item 1(A)(vii) equals
the Consolidated Total Net Indebtedness
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 	 	(B)	 	Consolidated EBITDA of the Company and its Subsidiaries,
calculated as follows:	 	—
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(i)
	 	net income
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(ii)
	 	depreciation
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(iii)
	 	amortization
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(iv)
	 	interest expense
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(v)
	 	income tax expense
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vi)
	 	non-cash expenses in connection with the
Borrowers’ employee stock option plan
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(vii)
	 	reasonable transaction costs and expenses
related to the Portec Acquisition
	 	$_____________

2

 

	 	 	 	 	 	 	 	 	 

	 

	 	 	 	(viii)
	 	integration expenses incurred during
fiscal year 2011 in an amount not to exceed
$2,000,000 relating to the Portec Acquisition
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(ix)
	 	reasonable transaction costs and expenses
related to Permitted Acquisitions in an
aggregate amount not to exceed $2,500,000
applied by the Borrowers in the period that any
such Permitted Acquisition occurred
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(x)
	 	any other non-cash charges, non-cash
expenses or non-cash losses of the Company or
any of its consolidated Subsidiaries (including
but not limited to costs recognized related to
an acquisition purchase price allocation to
tangible or intangible assets not classified as
depreciation or amortization); provided, however, that cash payments made in such period
or in any future period in respect of such
non-cash charges, expenses or losses shall be
subtracted from consolidated net income in
calculating Consolidated EBITDA in the period
when such payments are made
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(xi)
	 	the sum of Items 1(B)(i) through Item
1(B)(x)
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(xii)
	 	non-cash credits to net income, in each
case of the Company and its Subsidiaries
(including but not limited to benefits
recognized related to an acquisition purchase
price allocation to tangible or intangible
assets not classified as depreciation or
amortization) for such period determined and
consolidated in accordance with GAAP
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	(xiii)
	 	Item 1(B)(xi) minus Item 1(B)(xii) equals
Consolidated EBITDA
	 	$_____________
	 
	 	 	 	 	 	 	 	 
	 	 	(C)	 	Item 1(A)(viii) divided by Item 1(B)(xiii) equals the
Leverage Ratio	 	______ to 1.00

	(2)	 	Minimum Interest Coverage Ratio (Section 8.2.14). As of the Report Date, the ratio
of Consolidated EBITDA less capital expenditures of the Company and its Subsidiaries to
consolidated interest expense of the Company and its Subsidiaries, calculated as of the end of
each fiscal quarter for the four quarters then ended, is _________________ [insert ratio from
Item 2(C) below], which ratio is greater than or equal to 3.00 to 1.00.

3

 

	 	 	The calculations for the Interest Coverage Ratio are as follows:

	 	 	 	 	 	 	 

	 

	 	(A)
	 	Consolidated EBITDA for the Company and its
Consolidated Subsidiaries as set forth in Item
1(B)(xiii) above
	 	$_____________
	 
	 	 	 	 	 	 
	 

	 	(B)
	 	capital expenditures of the Company and its
Subsidiaries
	 	$_____________
	 
	 	 	 	 	 	 
	 

	 	(C)
	 	Item 2(A) minus Item 2(B)
	 	$_____________
	 
	 	 	 	 	 	 
	 

	 	(D)
	 	consolidated interest expense of the Company and its
Subsidiaries
	 	$_____________
	 
	 	 	 	 	 	 
	 

	 	(E)
	 	Item 2(C) divided by Item 2(D) equals the Interest
Coverage Ratio
	 	_________ to 1.00

	(3)	 	Representations, Warranties and Covenants. The Borrowers are in compliance with, and
have at all times complied with, the provisions of the Credit Agreement. The representations
and warranties contained in Section 6 of the Credit Agreement and in the other Loan Documents
are true and correct on and as of the date of this certificate (except to the extent such
representations and warranties refer to an earlier date, as of such earlier date) with the
same effect as though such representations and warranties had been made on the date hereof,
and the Borrowers have performed and complied with all covenants and conditions thereof.

	(4)	 	Event of Default or Potential Default. No Event of Default or Potential Default
exists as of the date hereof.

[SIGNATURE PAGE FOLLOWS]

4

 

[SIGNATURE PAGE — QUARTERLY COMPLIANCE CERTIFICATE]

     IN WITNESS WHEREOF, the undersigned has executed this Certificate this ____ day of ______,
20__.

	 	 	 	 	 	 	 

	 	 	COMPANY (ON BEHALF OF ITSELF AND THE OTHER

BORROWERS):
	 
	 	 	 	 	 	 
	 	 	L.B. FOSTER COMPANY, a Pennsylvania corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]