Document:

exv10w3

 

EXHIBIT 10.3

SHOPPING CENTER LEASE

Name of Shopping Center: Bayside Plaza

Location of Shopping Center:
Store Nos. 3 & 4, 209-01 Northern Blvd. Bayside, NY

Landlord: Gaseung Realty Corp.

Tenant: Nara Bank

Execution Date: January 25, 2005

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TABLE OF CONTENTS

	 
	ARTICLE 1 PREMISES

	 

	1.01 Premises

	 

	ARTICLE 2 TERM OF LEASE

	 

	2.01 Commencement of Term and Commencement of Payment

	 

	2.02 Term of Lease

	 

	2.03 Surrender of Demised Premises

	 

	ARTICLE 3 RENT

	 

	3.01 Minimum Annual Rent

	 

	3.02 Delinquent Payments

	 

	3.03 Additional Rent

	 

	3.04 Place for Payments

	 

	ARTICLE 4 TAXES

	 

	4.01 Real Property Taxes

	 

	4.02 Tenant’s Taxes

	 

	ARTICLE 5 LANDLORD’S WORK AND TENANT’S WORK

	 

	5.01 Landlord’s Work

	 

	5.02 Tenant’s Work

	 

	ARTICLE 6 USE AND CONDUCT OF BUSINESS BY TENANT

	 

	6.01 Use of Premises

	 

	6.02 Tenant’s Operating Covenant

	 

	6.03 Other Business Practices

	 

	ARTICLE 7 COMMON AREAS AND OPERATING COSTS

	 

	7.01 Definition

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	7.02 Intentionally Deleted

	 

	7.03 Use of Common Areas

	 

	7.04 Common Area Maintenance Charges

	 

	7.05 Intentionally Deleted

	 

	ARTICLE 8 UTILITIES CHARGES

	 

	8.01 Utility Charges

	 

	8.02 Miscellaneous Utility Provisions

	 

	ARTICLE 9 ALTERATIONS

	 

	9.01 Alterations by Tenant

	 

	9.02 Removal and Restoration by Tenant

	 

	ARTICLE 10 REPAIRS AND MAINTENANCE

	 

	10.01 Landlord’s Obligation to Repair

	 

	10.02 Tenant’s Obligation to Repair

	 

	10.03 Article Not Applicable to Fire or Condemnation

	 

	ARTICLE 11 INDEMNITY

	 

	11.01 Indemnity

	 

	ARTICLE 12 INSURANCE

	 

	12.01 Insurance

	 

	12.02 Waiver of Subrogation

	 

	12.03 Increase in Insurance Premiums

	 

	ARTICLE 13 DAMAGE BY FIRE OR OTHER HAZARD

	 

	13.01 Restoration of Premises

	 

	13.02 Restoration During Last 3 Years of Term

	 

	13.03 Tenant’s Obligation Upon Restoration

	 

	ARTICLE 14 EMINENT DOMAIN

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	14.01 Eminent Domain

	 

	14.02 Landlord Entitled to Award

	 

	ARTICLE 15 EVENTS OF DEFAULT

	 

	15.01 Events of Default and Conditional Limitation

	 

	15.02 Landlord’s Remedies

	 

	ARTICLE 16 MECHANICS’ LIENS

	 

	16.01 Mechanics’ Liens

	 

	ARTICLE 17 ASSIGNMENTS AND SUBLETTING

	 

	17.01 Limitations on Tenant’s Rights

	 

	17.02 Effect of Landlord’s Consent

	 

	ARTICLE 18 COMPLIANCE WITH GOVERNMENTAL ORDERS

	 

	18.01 Tenant to Comply

	 

	18.02 Failure to Comply

	 

	18.03 Hazardous Material

	 

	18.04 Americans With Disabilities Act

	 

	ARTICLE 19 SUBORDINATION

	 

	19.01 Subordination

	 

	ARTICLE 20 ENTRY TO PREMISES

	 

	20.01 Entry to Demised Premises by Landlord

	 

	ARTICLE 21 NOTICES AND CERTIFICATES

	 

	21.01 Notices

	 

	21.02 Intentionally Deleted

	 

	21.03 Estoppel Certificate

	 

	ARTICLE 22 COVENANT OF QUIET ENJOYMENT

	 

	22.01 Covenant of Quiet Enjoyment

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	ARTICLE 23 HOLDOVER

	 

	ARTICLE 24 LIMITATION ON LANDLORD’S PERSONAL LIABILITY

	 

	ARTICLE 25
TENANT’S ALLOCABLE SHARE

	 

	ARTICLE 26 FORCE MAJEURE

	 

	ARTICLE 27 RELOCATION OF TENANT

	 

	ARTICLE 28 CHANGES AND ADDITIONS

	 

	ARTICLE 29 ATTORNMENT BY TENANT

	 

	ARTICLE 30 INTENTIONALLY DELETED

	 

	ARTICLE 31 SURVIVAL OF TENANT’S OBLIGATIONS

	 

	ARTICLE 32 EFFECT OF LANDLORD’S NOTICE TO TERMINATE

	 

	ARTICLE 33 EFFECT OF CAPTIONS

	 

	ARTICLE 34 TENANT AUTHORIZED TO DO BUSINESS

	 

	ARTICLE 35 EXECUTION IN COUNTERPARTS

	 

	ARTICLE 36 SIGNS

	 

	ARTICLE 37 INTENTIONALLY DELETED

	 

	ARTICLE 38 ENTIRE AGREEMENT

	 

	ARTICLE 39 BROKERS

	 

	ARTICLE 40 INTENTIONALLY DELETED

	 

	ARTICLE 41 INTENTIONALLY DELETED

	 

	ARTICLE 42 INVALIDITY OF PARTICULAR PROVISIONS

	 

	ARTICLE 43 EXECUTION OF LEASE BY LANDLORD

	 

	ARTICLE 44 RELATIONSHIP OF THE PARTIES

	 

	ARTICLE 45 WATER CHARGES

	 

	ARTICLE 46 SECURITY DEPOSIT

	 

	ARTICLE 47 OPTION TO EXTEND

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	ARTICLE 48 ATTORNEY’S FEES

	 

	ARTICLE 49 WAIVER

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LEASE (“Lease”) made as of the 25th day of January, 2005, by and between the
following parties (the “Parties”):

LANDLORD: Gaseung Realty Corp., a corporation organized and existing under the laws of the State of
New York (“Landlord”) with its mailing address for notices at 68-39 Ingram Street, Forest Hills, NY
11375, and

TENANT; Nara Bank, a California banking corporation authorized to do business in the State of
New York (“Tenant”), with its mailing address for notices and a principal office and place of
business at: 3701 Wilshire Boulevard, Los Angeles, California.

THE HEADINGS SET FORTH IN THIS LEASE ARE FOR ORGANIZATIONAL PURPOSES ONLY AND SHALL NOT
AFFECT ANY LEGAL RIGHTS OR OBLIGATIONS.

ARTICLE 1 Premises

1.01 Premises

Landlord demises and leases
to Tenant and Tenant leases from Landlord:

Store Nos. 3 & 4, 209-01 Northern Blvd., Bayside, NY (the “Demised Premises”)

The Demised Premises shall not be deemed to include the land lying under the Demised Premises
location, or the exterior walls or roof of the building in which the Demised Premises are located,
or any area beyond the lease line of any interior demising wall. Landlord reserves the use of said
land, walls and roof of the building, together with the right to install, maintain, use, repair and
replace pipes, ducts, conduits, wires and structural elements leading through the demised premises
in locations which will not adversely interfere with Tenant’s use of the demised premises in a
material way.

ARTICLE 2 Term of the Lease

2.01 Commencement Of Term and Commencement of Payment

(a) The term of this Lease shall commence on the first day of the first month following
the later of (i) the date Demised Premises is delivered to Tenant; or (ii) the date Tenant
has received all regulatory approvals necessary for Tenant to conduct its banking
business in the Demised Premises and operate an automated teller machine in the
Demised Premises (the “Term Commencement Date”).

(b) Tenant’s obligation to pay minimum annual rent shall commence ninety (90) days
after the later of (i) the date a fully executed counterpart of this Lease is returned to
Tenant; or (ii) the date the Demised Premises are delivered to Tenant. Anything to the
contrary contained herein notwithstanding, Tenant may occupy the Demised Premises
from the date a fully executed counterpart of this Lease is returned to Tenant.

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2.02 Term of Lease

The term of this Lease (the “Term”) shall expire on the last day of the month in which
the fifth (5th) anniversary of the Term Commencement Date (the “Expiration Date”),
unless earlier terminated pursuant to the provisions of this Lease or applicable law. Each
twelve month period following the Term Commencement Date shall be herein defined as a
“Lease Year”.

2.03 Surrender of Demised Premises

On the expiration or earlier termination of this Lease, Tenant agrees, without necessity of any
notices from Landlord (statutory or otherwise), to surrender the Demised Premises in accordance
with Articles 9 and 13 hereof, in broom clean condition and in good order and repair, subject to
reasonable wear and tear.

ARTICLE 3 Rent

3.01 Minimum Annual Rent

Tenant agrees to pay Landlord throughout the Term, without diminution, abatement, deduction or
set-off whatsoever and without prior notice or demand, minimum annual rent (“Base Rent”) in equal
monthly installment on the first day of each calendar month through the Term, as follows:

	 	 	 	 	 	 	 	 	 
	Lease Year	 	Annual	 	 	Monthly	 
	1st
	 	$	84,000.00	 	 	$	7,000.00	 
	2nd
	 	 	86,520.00	 	 	 	7,210.00	 
	3rd
	 	 	89,115.60	 	 	 	7,426.30	 
	4th
	 	 	91,788.96	 	 	 	7,649.08	 
	5th
	 	 	94,542.72	 	 	 	7,878.56	 

3.02 Delinquent Payments

(a) If during the Term Tenant fails to pay the full amount of the monthly Base Rent or
Additional Rent (as hereinafter defined) within ten (10) business days from the due date,
then five percent (5%) late charge shall accrue on the unpaid portion, and same shall be
paid to Landlord at the time of payment of the delinquent sum. Landlord shall have the
right to apply any payments made by Tenant first to any deficiency in the payment of the
interest and administrative charges due.

(b) Lease shall be deemed to have been paid upon the date that it is received by
Landlord.

3.03 Additional Rent

All charges, costs, expenses, reimbursements, fees, interest and other payments to be made by
Tenant to Landlord under this Lease, including Tenant’s Allocable Share (as

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hereinafter defined) of Real Property Taxes (as hereinafter defined) and Common Charge
Maintenance Charges (as hereinafter defined) shall be deemed to be Additional Rent.

3.04 Place for Payments

(a) Tenant shall deliver to Landlord all payments of Base Rent and Additional Rent at the
office of Landlord set forth above, or such other place as may be designated in writing by
Landlord.

ARTICLE 4 Taxes

4.01 Real Property Taxes

(a) Landlord shall pay, before delinquency, to the appropriate taxing authority, on behalf of
Tenant, throughout the Term (beginning with the Term Commencement Date), all Real Property Taxes,
which shall be defined to include real property tax assessments, sewer assessments, parking and
environmental surcharges, and any other governmental charges and assessments, general and special,
ordinary and extraordinary) which may be levied or assessed against land or improvements located in
the Shopping Center in which the Demised Premises are located (the “Center”) by any lawful
authority but shall specifically exclude therefrom any income or other taxes based upon the rental
receipts or profits of Landlord. For each Lease Year and partial Lease Year through the Term,
Tenant shall reimburse and pay to Landlord an amount equal to the product of Real Property Taxes
paid or payable by Landlord during such Lease Year or partial Lease Year, multiplied by Tenant’s
Allocable Share (as hereinafter defined). The amount, charges or assessments required to be paid by
Landlord, pursuant to any Payment in Lieu of Tax Agreement or any other agreement which Landlord
makes, to such taxing authorities, municipal agencies or other governmental bodies in lieu of
taxes, (“PILOT”) entered into in connection with the Center shall be considered for the purposes of
this Lease to be included within the definition of Real Property Taxes. Tenant shall pay to
Landlord, as Additional Rent, all sums due pursuant to this Article 4, in monthly installment, in
advance, on or before the first day of each month during the Term in an amount estimated by
Landlord, such that Landlord will have received the full amount of Tenant’s Allocable Share of Real
Property Taxes in time for payment to the applicable taxing authority when due. In the event
Landlord chooses or is required to escrow Real Property Taxes with a third party, Landlord may, but
shall not be obligated to, use the amount required to be placed in an escrow account as a basis for
its estimate of the monthly installments due from Tenant hereunder. Landlord shall furnish Tenant
with a written statement of the actual amount of Tenant’s Allocable Share of Real Property Taxes
based upon the tax bills or assessments for each tax fiscal year. If the total amount paid by
Tenant under this Section for any tax fiscal year during the term is less than the actual amount
due from Tenant for such year as shown on such statement, Tenant shall pay to Landlord the
deficiency within thirty (30) days after demand by Landlord therefor. If the total amount paid by
Tenant for any year exceeds the amount due from Tenant for such year, Tenant shall be refunded
within thirty (30) days. With respect to the tax fiscal year in which this Lease expires, Tenant’s
liability for Tenant’s Allocable Share of Real Property Taxes for such year shall be subject to a
pro rata adjustment based on the appropriate number of days of said fiscal tax year. A copy of a tax
bill or assessment submitted by Landlord to Tenant shall at all time be sufficient evidence of the
amount of Real Property Taxes to which such bill relates.

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(b) If the Demised Premises are separately assessed, Tenant agrees to pay to Landlord,
as Additional Rent, the amount of the Real Property Taxes separately assessed against
the Demised Premises and the land lying thereunder, plus Tenant’s Allocable Share of
Real Property Taxes assessed against the Common Areas (as hereinafter defined) of
the Center. Such amount shall be calculated on the basis of the number of days (from
the Term Commencement Date) remaining in each tax fiscal year.

(c) Landlord may seek a reduction in the assessed valuation (for Real Property Tax
purposes) of all or any part of the Center by administrative or legal proceeding. Landlord
shall reimburse Tenant for Tenant’s Allocable Share of any refund of Real Property
Taxes (after deducting any unpaid portion of Tenant’s Allocable Share of Landlord’s
costs of obtaining same) resulting from any proceeding for which Tenant has paid
Tenant’s Allocable Share of Real Property Taxes.

(d) Intentionally omitted.

(e) Should any governmental taxing authority acting under any present or future law, ordinance or
regulation, levy, assess or impose a tax, excise, surcharge or assessment upon or against the rents
payable by Tenant to Landlord, or upon or against the Common Areas, whether by way of substitution
for in addition to any existing Real Property Tax or otherwise, Tenant shall be responsible for and
shall pay annually, Tenant’s Allocable Share of such tax in the manner provided in Section 4.01
(a).

(f) Landlord represents that Real Property Taxes for the fiscal tax year 2004/2005 equal
$                    .

4.02 Tenant’s Taxes

Tenant shall, at all times,
be responsible for and pay, before delinquency, all municipal, county,
state or federal taxes charged against Tenant’s, fixtures, furnishings, equipment, stock-in-trade
or other personal property of any kind owned, installed or used in or on the Demised Premises, and
any tax now or hereafter charged against Tenant on any other basis.

ARTICLE 5 Landlord’s Work and Tenant’s Work

5.01 Landlord’s Work

(a) Landlord shall have no obligation to perform any work at the Demised Premises prior to the
Commencement Date. Tenant accepts the Demised Premises in their “as is” condition.

5.02 Tenant’s Work

(a) Prior to the Term Commencement Date, Tenant shall at its sole cost and expense
perform “Tenant’s Work” (as hereinafter defined) in compliance with all Government
Orders. Tenant represents and warrants to and for the benefit of Landlord that Tenant
has the ability (financial and otherwise) to perform Tenant’s Work and that no delay in its
performance shall cause, nor shall Landlord’s undertaking of any portion of Tenant’s
Work be deemed to cause, any delay or postponement in the Term Commencement
Date.

(b) Tenant shall perform and complete Tenant’s Work (as hereinafter defined) at
Tenant’s sole expense and in accordance with the plans and specifications hereinafter
referred to in this Section to be prepared by Tenant’s architect. Tenant agrees, at its
own cost and expense, to prepare and submit to Landlord for approval, which approval
shall not be unreasonably withheld, delayed or conditioned within thirty (30) days from

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the earlier of the execution or Term Commencement Date of this Lease, four (4) sets of proposed
plans and specifications covering the work to be done by Tenant (“Tenant’s Work”). Landlord may
either: (a) evidence its approval by endorsement to that effect by signature or initials on one (1)
set of said plans and specifications and the return of such signed or initialed set to Tenant
whereupon such approved preliminary plans and specifications shall then constitute the finals plans
and specifications; or (b) refuse such approval if Landlord shall determine that the same (i) do
not conform to the standards of design, motif and decor established or adopted by Landlord; and/or
(ii) would subject landlord to any additional cost, expense or liability or the Premises to any
violation, fine, penalty or forfeiture; and/or (iii) would in any way adversely affect the
reputation, character and/or nature of the Building and/or (iv) would provide for or require any
installation or work which is or might be unlawful or create an unsound or dangerous condition or
adversely affect the structural soundness of the premises and/or the Building of the adjoining
space in the Building in which the Premises are located. If landlord refuses approval, landlord
shall advise Tenant of those revisions or corrections which landlord requires and Tenant shall,
within ten (10) days thereafter, submit four (4) sets of proposed plans and specifications, as so
revised or corrected, to landlord for its approval in accordance with this Section. Landlord agrees
not to unreasonably withhold or delay approval of the plans for Tenant’s Work.

(c) Landlord hereby consents to the modification or alteration of the Demised Premises into a
retail bank branch.

ARTICLE 6. Use and Conduct of Business by Tenant

6.01 Use of Premises

Throughout the Term, Tenant shall use all of the demised premises solely for the purpose(s) of
conducting the business of a retail banking, financial and insurance services including the
use of an ATM machine and other legal uses, and for no other
purpose whatsoever.

6.02 Tenant’s Operating Covenant

Tenant shall occupy and be open for business during customary banking hours in New York State.

6.03 Other Business Practices

(a) Tenant shall keep the Demised Premises, and all other areas designated for Tenant’s
sole use, in good, safe, neat and clean condition. Tenant shall keep the Demised
Premises and any sidewalk or service area contiguous to or part of the demised
premises free of debris, water, substances, rubbish, garbage, pests, rodents and vermin,
and, upon two (2) days notice by Landlord to Tenant of Tenant’s failure to do so,
Landlord may remove such debris, water, substances, rubbish, garbage, pests, rodents
and vermin and charge Tenant the actual cost of such removal plus eighteen percent
(18%) for administration expenses.

(b) Tenant shall not commit nor permit any act or practice which may tend to injure the
building occupied by Tenant, nor permit its equipment to be a nuisance to other tenants,
nor keep goods, foods, rubbish, inventory, merchandise on or obstruct the mall area or
sidewalks or other areas outside the demised premises, not conduct or permit any fire,
bankruptcy, auction or going-out-of-business sale, nor erect or retain any sign, light,

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lettering, inscription, symbol or mark which is not approved by Landlord, nor install any antenna,
fixture, or improvement outside of the Demised Premises, nor permit any loudspeaker, radio or
television broadcast to be heard outside the Demised Premises. Landlord consents and agrees that
Tenant shall have the right to install signage in and on the exterior of the Demised Premises
utilizing Tenant’s logotype.

(c) With respect to the collection and removal of rubbish produced in the Demised
Premises and in the court of the operation of Tenant’s business, Tenant agrees to
contract with a third party rubbish removal contractor designated by Landlord and pay
directly to such contractor, when due, all charges at the rate established therefor from
time to time. Tenant may, however, contract with an entity other than that designated by
Landlord in the event that Landlord’s designated contractor’s rates are not competitive
with alternative services available to Tenant. Notwithstanding the foregoing, Tenant
covenants to properly dispose of all rubbish, trash and refuse produced in the Demised
Premises in accordance with applicable Governmental Orders relating to the sorting or
recycling of trash or refuse.

(d) Tenant shall comply with additional reasonable rules and regulations for the use and
occupancy of the Center as Landlord, from time to time, may impose or amend in the
best interests of the Center.

ARTICLE 7 Common Areas and Operating Costs

7.01 Definition

The term “Common Areas” shall mean the interior and exterior areas and facilities within and around
the Center which are not leased to a tenant, or by nature not leasable to a tenant for the purpose
of the sale of merchandise or the rendition of services to the general public. Common Areas shall
include, but shall not be limited to, all parking areas and facilities, roadways, driveways,
entrances and exits, truck service ways and tunnels, utilities, water filtration and treatment
facilities, retention ponds or basins located within or outside the Center, retaining and exterior
walls, sidewalks, open and enclosed malls, outside courts, landscaped and planted areas,
escalators, stairways, elevators, service corridors, service areas loading docks, hallways, public
restrooms, community rooms or areas, roofs, equipment, signs and any special areas provided by
Landlord for the common or joint use and benefit of all tenants in the Center, their employees,
customers and invitees.

7.02 Intentionally Deleted

7.03 Use of Common Areas

(a) Tenant and its officers, employees, agents, customers and invitees shall have the
nonexclusive right, in common with Landlord and all others to whom Landlord has or
may hereafter grant rights, to use the Common Areas designated by Landlord from time
to time, subject to such regulations as Landlord may from time to time impose.

(b) Each of Store Nos. 1 through 8 shall have one reserved parking space in the parking
lot on 209th Street side (Westside) of the building.

(c) Tenant shall keep the hallway adjacent to the Demised Premises in good, safe, neat,
and clean condition.

(d) Landlord may at any time: (i) close temporarily the Common Areas or any portion
thereof provided the same does not unreasonably interfere with Tenant, its customers
and employees access to the Demised Premises; (ii) make repairs or changes to

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prevent the acquisition of public rights therein; (iii) discourage noncustomer parking; and (iv) do
such other acts in and to the Common Areas as in its judgment may be desirable to improve the
convenience thereof. Tenant shall not at any time interfere with the rights of Landlord and other
tenants, its and their permitted officers, employees, agents, customers, and invitees, to use any
part of the parking areas and other Common Areas. Landlord shall have the sole and exclusive right
to use the Common Areas for advertising purposes, promotions, exhibits, shows, displays, kiosks and
other similar uses, which shall in no event unreasonably limit access to and egress from the
Demised Premises.

7.04 Common Area Maintenance Charges

(a) Tenant shall pay Tenant’s Allocable Share of Common Area Maintenance (“CAM”)
charges. Common Area Maintenance Charges shall mean the total costs and expenses
incurred in operating, heating, ventilating, cooling, security, insurance, sprinklering,
compactor expenses, managing, and maintaining the Common Areas, including without
limitation, such maintenance, repair, and remodeling as shall be required in Landlord’s
sole and absolute judgment to preserve the utility thereof as existed at the time of
completion of the original construction and installation.

(b) Within ninety (90) days after the end of each calendar year, Landlord shall provide
Tenant with a statement of all CAM charges setting forth in reasonable detail the CAM
charges for the preceding year. In the event Tenant’s proportionate share of CAM
charges exceeds the amount paid by Tenant during the preceding year, Tenant shall pay
any such shortfall within thirty (30) days. In the event Tenant’s proportionate share of
CAM charges is less than the amount paid by Tenant during the preceding year, the
overpayment shall be refunded to Tenant within thirty (30) days. Landlord agrees to
make all records relating to CAM charges available to Tenant for review and inspection
for a period of three (3) years.

7.05 Intentionally Deleted

ARTICLE 8 Utilities Charges

8.01 Utility Charges

(a) Prior to entering into possession of the Demised Premises, Tenant shall either directly or
through Landlord, make application to the appropriate local authority, municipality or other
governmental agency or other utilities companies to obtain service for Tenant’s electric, and any
other utility requirements. The Demised Premises are currently separately metered for electricity.
Tenant shall be solely responsible for the cost of obtaining such services and the cost of
maintaining, repairing and replacing any required meters.

8.02 Miscellaneous Utility Provisions

(a) Tenant shall not install within the Demised Premises any equipment, fixtures or appliances
which exceed the capacity of the utility facilities within or serving
the Demised Premises. If any
such equipment, fixtures, or appliances installed by Tenant requires additional utility facilities,
the same shall be installed by Tenant at Tenant’s sole cost and expense. Tenant agrees to use all
reasonable precautions to guard against the

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waste of energy.

(b) Tenant shall operate the heating, ventilating and cooling systems serving the
Demised Premises such that the temperature in the demised premises will be the same
as that in the Common Areas, and Tenant shall set Tenant’s thermostat at the same
temperature as exists in the Common Areas. Tenant shall operate ventilation equipment
such that the relative air pressure in the Demised Premises will be the same as or more
than that in the Common Areas.

(c) Landlord shall not be liable for any damages resulting from or arising out of any
discontinuance by the energy provider for Tenant’s nonpayment of energy or utility
charges and the same shall not constitute a termination of this Lease or an actual or
constructive eviction of Tenant.

(d) Tenant agrees that Landlord shall not be responsible for any interruption of business
or damage to the demised premises resulting from an interruption of utility service
caused by the energy provider, any utility company or governmental regulatory agency.

ARTICLE 9 Alterations

9.01 Alterations By Tenant

Tenant shall not make or cause to be made any alterations, additions or improvements in or to
the Demised Premises without first obtaining Landlord’s written approval which consent shall not
be unreasonably withheld or delayed; provided; however, Tenant shall not be required to obtain
Landlord’s consent to nonstructural modifications not exceeding $25,000.00 per annum. Tenant shall
present to Landlord plans and specifications for any such work at the time approval is sought. All
permitted alterations, additions or improvements shall be done in a good and workerlike manner in
compliance with all Governmental Orders and shall not interfere with or interrupt the conduct of
any tenants’ normal business. Tenant hereby warrants that such fixtures will be free from defects
in material and workmanship and designed, constructed and installed so as not to be hazardous to
the Center or any persons who may enter the Demised Premises.

9.02 Removal and Restoration by Tenant

All alterations, additions, improvements or installations made by Tenant, or made by Landlord on
Tenant’s behalf and at Tenant’s expense, shall remain the property of Tenant for the Term. Such
alterations, additions, improvements, trade fixtures and equipment shall not be removed from the
Demised Premises prior to the end of the Term without Landlord’s prior written consent, other than
Tenant’s vault which may be removed by Tenant. Upon expiration of the Term, or upon Tenant’s
vacating the demised premises or upon Tenant’s eviction from or surrender of the Demised Premises
prior to expiration of the Term, all permanent leasehold improvements and fixtures or equipment
permanently attached to the real estate shall become the property of Landlord, other than Tenant’s
vault which may be removed by Tenant. Tenant shall surrender all keys for the Demised Premises to
Landlord and shall inform Landlord of all combinations on locks, safes and vaults, if any, in the
demised premises. Upon the expiration or earlier termination of this Lease, Tenant shall remove
furnishings, equipment, and personal property, failing which Landlord shall have the option of
retaining or removing such property at Tenant’s expense. Tenant shall repair or cause to be
repaired any damage to the Demised Premises caused by such removal.

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ARTICLE 10 Repairs and Maintenance

10.01 Landlord’s Obligation to Repair

Subject to Article 13, Landlord agrees to repair and maintain in good order and serviceable
condition, the outside walls, roof, structure and foundation of the center containing the Demised
Premises, including structural and building wide services, which shall be billed and included in
Common Area Maintenance Charges. Landlord shall not be required to commence any such repair until a
reasonable time after Landlord’s receipt of written notice from Tenant that a repair is necessary.
If repair of damage is caused by the act or omission of Tenant, its employees, agents, contractors,
customers, invitees or licensees, cost for such repair shall be billed to the Tenant.

10.02 Tenant’s Obligation to Repair

(a) Tenant agrees, at its sole cost and expense, to repair and maintain the
non-structural portions of the Demised Premises in good order and condition, including, but
not limited to, Tenant’s storefront, loading areas, show windows, doors, windows, plate
and window glass, ceilings, floor coverings, facilities, appliances, lighting fixtures and
other systems and improvements located in and serving the Demised Premises. Tenant
shall, at its sole cost and expense, obtain any and all permits and approvals necessary
to effect such repairs and submit to Landlord a copy of such permits or approvals prior to
the commencement of any repair work. In addition, Tenant shall be responsible , at its
sole cost and expense, for the repair and maintenance of its HVAC equipment, in
whatever form, including roof top units or other supply mechanisms and unit(s) (if any)
and any other equipment or improvement located outside the Demised Premises which
is constructed or installed by Tenant or at Tenant’s request. Tenant shall obtain
Landlord’s prior consent before making any repair or performing any maintenance which
may adversely affect any aspect of the Center’s operation.

(b) During the entire Term, Tenant agrees to maintain, at Tenant’s sole cost, a
maintenance contract with an independent HVAC contractor approved by Landlord
covering at least the routine items of maintenance for Tenant’s HVAC systems that are
recommended by the manufacturer of such systems.

(c) If repairs are required to be made by Tenant pursuant to the terms of this Lease,
Landlord may demand (but shall not be required to do so) that Tenant make the same
forthwith, and if Tenant refuses or neglects to commence such repairs and complete the
same with reasonable dispatch after such demand (and, in all events, within thirty (30)
days after such demand), Landlord may make or cause such repairs to be made and
shall not be responsible to Tenant for any loss or damage that may accrue to its stock or
business by reason thereof. If Landlord makes or causes such repairs to be made,
Tenant agrees that it will, on demand, pay as Additional Rent to Landlord, the cost of the
repairs, and an eighteen percent (18%) administration fee, and if Tenant defaults in such
payment, Landlord shall have the remedies provided in Article 15.

10.03 Article Not Applicable to Fire or Condemnation

The provisions of this Article shall not apply to the repair of damage caused by fire or
other casualty, which matter is covered under Article 13, nor shall these provisions apply to a
taking under the power of Eminent Domain, which matter is covered under Article 14.

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ARTICLE 11 Indemnity

11.01 Indemnity

Tenant small indemnify, hold
harmless and defend the other Landlord’s managing agent, if any, from
and against any and all claims, actions, suits, cross-claims,
counterclaims, third party actions,
damages, liabilities and expenses in connection with loss of life, personal injury, bodily injury
or damage to property arising from or out of any occurrence in, upon or at the Demised Premises,
from or out of the occupancy or use by Tenant of the Demised Premises or the Center or any part
thereof, or occasioned wholly or in party by any act or omission of Tenant, its agents,
contractors, employees, invitees or concessionaires. In case Landlord, Landlord’s managing agent or
such other persons who are in privity of estate with Landlord, or to whom Landlord is legally
responsible, shall be made a party to any action or proceeding commenced by or against Tenant,
Tenant agrees to protect and hold such parties harmless and to pay all costs, expenses and
reasonable attorneys’ fees incurred or paid by such parties in connection with such action or
proceeding. Tenant shall pay to such parties all costs, expenses and reasonable attorneys’ fees
that may be incurred or paid by Landlord in enforcing the terms, conditions, covenants and
agreements in this Lease.

11.02 Landlord shall indemnify, hold harmless and defend Tenant from and against any
and all claims, actions, suits, cross-claims, counterclaims, third party actions, damages,
liabilities or expenses in connection with loss of life, personal injury, bodily injury, or
damage to property arising out of any act or occurrence of Landlord, its agents,
contractors, employees, lessees, invitees or concessionaire. If Tenant shall be made
privy to any action or proceeding commenced by or against Landlord, Landlord agrees to
protect and hold Tenant harmless and to pay all costs, expenses and reasonable
attorney fees incurred by Tenant with such action or proceeding.

ARTICLE 12 Insurance

12.01 Insurance

At all times during the Term, the Tenant shall, at its sole cost and expense, procure and maintain
in full force and effect, for the benefit of the Landlord, naming Landlord as an additional insured
thereunder, (i) public liability insurance with aggregate limits
of $2,000,000.00, and property
damage to the extent of $500,000; and (ii) fire insurance for interior, trade fixtures and other
contents of the Demised Premises. In the event that Tenant fails to provide the certificate as set
forth herein or fails to provide evidence of such coverage at least thirty (30) days prior to the
expiration date of each expiring Insurance Policy, Landlord may obtain such insurance at Tenant’s
sole cost and expense and upon demand of Landlord, Tenant shall reimburse Landlord for the cost of
procuring such insurance coverage together with eighteen percent (18%) for administration costs.
Tenant may maintain such insurance on a “blanket policy” covering the Demised Premises and other
properties owned or leased by Tenant.

12.02 Waiver of Subrogation

To the extent commercially practicable, Tenant’s insurance policy shall include a waiver

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by the insurer of all rights of subrogation against the landlord, which arises or might arise
by reason of any payment under such policy or by reason of any act or omission of landlord.

12.03 Increase in Insurance Premiums

Tenant shall pay on demand any increase in premiums for Landlord’s insurance that are attributable
solely to Tenant’s use and occupancy, failure to occupy or abandonment of the demised premises,
whether or not Landlord has consented to the same.

ARTICLE 13 Damage by Fire or other Hazard

13.01 Restoration of Premises

(a) The Parties mutually agree that if the Demised Premises are partially or totally
destroyed or damaged by fire or otherwise, Landlord (subject to being able to obtain all
necessary permits and approvals) shall repair and restore the Demised Premises and
Common Areas as soon as is reasonably practicable to substantially the same condition
in which the Demised Premises existed before such damage. If, however, the Demised
Premises are totally destroyed or so damaged that Landlord cannot reasonably restore
or rebuild to substantially the same condition in which the Demised Premises were
before such damage within 120 days following the date of loss, Landlord shall not be
required to rebuild or restore, and this Lease shall be terminable by Landlord or Tenant
serving written notice to the other. In any event, if repairs have not been completed
within 120 days following the date of loss, the Lease may be terminated by Tenant
serving notice upon Landlord not less than thirty (30) days advance written notice of
such election, but in no event may Tenant terminate this Lease after such repairs have
been commenced by Landlord.

(b) In the event the Demised Premises are completely or partially destroyed or so
damaged by fire or other hazard that the Demised Premises cannot be reasonably used
by Tenant, this Lease shall be deemed terminated.

ARTICLE 14 Eminent Domain

14.01 Eminent Domain

If the Demised Premises, or any portion of the Demised Premises or Common Areas so as to render the
balance wholly unsuitable for the purpose of Tenant’s occupancy, is taken by condemnation or the
right of eminent domain, or by agreement between Landlord and those authorized to exercise such
rights (collectively, the “Condemnation Proceedings”), either Party upon written notice to
the other shall be entitled to terminate this Lease, provided that such notice is given not later
than thirty (30) days after Tenant has been deprived of possession or use by such taking. Should
any part of the Demised Premises be so taken and should this Lease not be terminated in accordance
with the foregoing provisions, Landlord covenants and agrees promptly after such taking to expend
so much as may be necessary of the net amount which may be awarded to and received by it in such
condemnation proceedings (the “Condemnation Proceedings Award”), in restoring the Demised
Premises to an architectural unit as nearly like its condition prior to such taking as shall in the
sole and absolute judgment of Landlord be

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practicable, with an appropriate abatement to be made in Rent, and a corresponding reduction
in the Breakpoint. Should the net amount so awarded to and received by Landlord be insufficient to
cover the cost of restoring the demised premises as estimated by Landlord’s architect, Landlord may
at its election, supply the amount of such insufficiency and restore the Demised Premises, as above
provided, or terminate this Lease. When Tenant has not already exercised any right of termination
accorded to it under this Section, Landlord shall notify Tenant of Landlord’s election within
ninety (90) days after the final determination of the amount of the Condemnation Proceedings Award.

14.02 Landlord Entitled to Award

Out of any award for any taking of the demised premises or any part thereof, Landlord shall be
entitled to receive and retain the amounts awarded for the demised premises out of any Condemnation
Proceedings Award, except that Tenant shall be entitled to receive and retain only those amounts
which may be specifically awarded to it in any Condemnation Proceedings because of the taking of
its trade fixtures and its leasehold improvements which have not become a part of the realty, and
such business loss as Tenant shall specifically and separately establish, but not otherwise. It is
understood in the event of the termination of this Lease as provided herein, Tenant shall have no
claim against Landlord or the condemning authority for the value of any unexpired portion of the
Term and no right or claim to any part of the Condemnation Proceedings Award. Tenant waives each
such claim or right and assigns any such claim or right to any part of all of the Condemnation
Proceedings Award to Landlord. Nothing herein shall be deemed to preclude Tenant from making and
prosecuting a claim for its leasehold improvement and the value of the unexpired Term of this Lease

ARTICLE 15 Events of Default

15.01 Events of Default and Conditional Limitation

(a) If at any time prior to or during the Term any one or more of the following events
occurs, each such event shall constitute an “Event of Default”:

(i) Tenant makes an assignment for the benefit of its creditors;

(ii) Tenant becomes insolvent as determined by a court of competent jurisdiction;

(iii) The leasehold estate of Tenant in this Lease is taken by execution or by other
process of law;

(iv) Any petition is filed against Tenant in any court, whether or not pursuant to any
bankruptcy, reorganization, composition extension, arrangement or insolvency
proceedings, and Tenant is thereafter adjudicated bankrupt, or such petition is approved
by the Court; or the Court assumes jurisdiction of the subject matter and such
proceedings are not dismissed within ninety (90) days after
their institution; or any such
petition is so filed by Tenant;

(v) In any proceedings, a receiver or trustee is appointed for Tenant’s property and such
receivership or trusteeship is not vacated or set aside within ninety (90) days after the
appointment of such receiver or trustee;

(vi) There is a transfer or an attempted transfer of this Lease or of Tenant’s interest in
this Lease in violation of the restrictions set forth below in Article 17;

(vii) Tenant ceases operation in or vacates or abandons the demised premises or
otherwise fails to fully perform the obligations contained in
Sections 6.01 and 6.02;

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(viii) Tenant fails to comply with any local, state or federal law, rule or regulation
governing the use, handling and disposal of Hazardous Materials (as hereinafter defined) or is
otherwise in violation of the obligations contained in Section 18.03; provided the same is not
cured within ten (10) days after written notice;

(ix) Tenant fails to comply with the obligations
contained in Section 21.03;

(x) Tenant fails to pay all or any portion of any installment of the
Rent, Percentage Rent or Additional Rent, when all or any portion of such is due and payable, and
such failure continues for ten (10) days after receipt of written notice from Landlord to Tenant;

(xi) Tenant fails to perform or observe any other requirement of this Lease on the part of Tenant
to be performed or observed and such failure continues for thirty (30) days after receipt of
written notice from Landlord to Tenant; or

(xii) Tenant fails to comply with the obligations contained in Section 6.01, and such failure
continues for ten (10) days after receipt of written notice from Landlord to Tenant; or where any
such event shall occur on two or more occasions in any Lease Year or Partial Lease Year.

(b) This Lease and the Term are expressly subject to the conditional limitation that upon the
happening of any one or more of the aforementioned events of default, Landlord, in addition to the
other rights and remedies it may have, shall have the right (to the extent permitted by applicable
law) to immediately declare this Lease terminated and the Term ended, in which event all of the
right, title and interest of Tenant hereunder shall wholly cease and expire upon receipt by Tenant
of a notice of termination. Tenant shall then quit and surrender the Demised Premises to Landlord
in the manner and under the conditions specified in this Lease, but Tenant shall remain liable as
hereinafter provided.

15.02 Landlord’s Remedies

(a) If this Lease shall
be terminated as provided in Section 15.01 (b), Landlord’s agents
or employees may in accordance with applicable law re-enter the Demised Premises
and remove Tenant, its agents, employees, licenses, and any subtenants and other
persons, firms or corporations, and all or any of its or their property from the Demised
Premises, either by summary dispossess proceedings or by any suitable action or
proceedings at law, without being liable to indictment or prosecution of damages
therefor, and repossess and enjoy the Demised Premises, together with all alterations,
additions and improvements to the Demised Premises. In the event of such re-entry and
repossession, Landlord may store Tenant’s Personal Property in a
public warehouse or
elsewhere at the cost of and for the account of Tenant.

(b) In case of any termination, re-entry or dispossession by summary proceedings or
otherwise, the rents and all other charges required to be paid up to the time of such
termination, re-entry or dispossession, shall be paid by Tenant, and Tenant also shall
pay to Landlord all reasonable expenses which Landlord may then or thereafter incur for
legal expenses, reasonable attorneys’ fees, brokerage commissions and all other costs
paid or incurred by Landlord as the result of such termination, re-entry or dispossession
as determined by a final order of a court of competent jurisdiction. Landlord may, at any
time and from time to time, relet the Demised Premises, in whole or in part, for any rental
then obtainable either in its own name or as agent of Tenant, for a term which, at
Landlord’s option, may be for the remainder of the then current term of this Lease or for
any longer or shorter period.

(c) If this Lease is terminated by Landlord and Landlord has not relet the Demised
Premises, Tenant nevertheless covenants and agrees notwithstanding any entry or re
entry by Landlord, whether by summary proceedings, termination or otherwise, to pay
and be liable for, on the days originally fixed by this Lease or payment, amounts equal

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to the several installments of Rent, Percentage Rent and Additional Rent as would under the
terms of this Lease become due if this Lease had not been terminated. In the event the Demised
Premises are relet by Landlord, Tenant shall be entitled to a credit (but not in excess of the
Rent and Additional Rent reserved under the terms of this Lease) in the net amount of rent received
by Landlord in reletting the Demised Premises, after deduction of all reasonable expenses and costs
incurred or paid as aforesaid in reletting the Demised Premises and in collecting the rent in
connection with reletting.

(d) Tenant expressly waives, so far as permitted by law, the service of any notice of
intention to re-enter provided for in any statute, or of the institution of legal proceedings
to that end, and Tenant for and on behalf of itself and all persons claiming through or
under Tenant, also waives any and all right of redemption or re-entry or repossession
under present or future laws, including any amendments hereafter, or to restore the
operation of this Lease.

(e) Landlord and Tenant, so far as permitted by law, waive, and will waive trial by jury in
any action, proceeding or counterclaim brought by either of the Parties against the other
on any matters whatsoever arising out of or in any way connected with this Lease, the
relationship of Landlord and Tenant, Tenant’s use or occupancy of the demised
premises, or any claim or injury or damage.

(f) The terms “enter,” “re-enter,” or “re-entry” as used in this Lease are not restricted to
their technical legal meaning.

(g) In the event Landlord commences any proceedings for the recovery of possession of
the Demised Premises or to recover for nonpayment of Base Rent or Additional Rent,
Tenant shall not interpose any noncompulsory counterclaim in any such proceeding.
This may not, however, be construed as a waiver of Tenant’s rights to assert such claim
in any separate action or actions initiated by Tenant.

(h) No failure by either party to insist upon the strict performance of any covenant, agreement,
term or condition of this Lease or to exercise any right or remedy consequent upon a breach
thereof, and no acceptance of full or partial Rent during the continuance of any such breach shall
be deemed an accord and satisfaction. Landlord may accept any check or payment without prejudice to
Landlord’s rights to recover the balance due. Landlord’s acceptance of any check or payment shall
not constitute a waiver of any breach by Tenant of any provision hereof or of any covenant,
agreement, term and condition to be performed by Tenant, and this Lease shall continue in full
force and effect with respect to any existing or subsequent breach thereof.

(i) In the event of any
breach or threatened breach by Tenant of any of the covenants, agreements, terms or conditions
contained in this Lease, Landlord shall be entitled to enjoin by appropriate legal proceeding, such
breach or threatened breach and shall have the right to invoke any right or remedy allowed at law
or in equity, by statute or otherwise.

(j) Each right and remedy of the parties provided for in this Lease shall be cumulative and shall
be in addition to every other right or remedy provided for in this Lease or now or hereinafter
existing at law or in equity, by statute or otherwise.

ARTICLE 16 Mechanics’ Liens

16.01 Mechanics’ Liens

(a) If any mechanics’ liens are filed against the Demised Premises or any portion of the
Center based upon any act of Tenant or anyone claiming through Tenant, Tenant shall hold
Landlord harmless from all damages, claims and expenses arising therefrom, and

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Tenant, after notice from Landlord shall forthwith remove or satisfy such lien by bonding,
deposit, payment or otherwise. In the event Tenant does not remove or satisfy any lien within
thirty (30) days after Tenant receives notice thereof, Landlord shall have the right to do so by
posting a bond or undertaking, and Tenant agrees to reimburse Landlord for any and all expenses
incurred by Landlord in connection therewith, including Tenant’s providing a replacement bond or
posting cash or securities satisfactory to Landlord’s bonding company to provide sufficient
independent security for Landlord’s bond within ten (10) days after receipt by Tenant of Landlord’s
invoice therefor. Expenses shall include, but are not limited to, filing fees, legal fees and
disbursements, bond premiums and bond rating premium increases.

(b) Nothing in this Article shall be deemed or construed as; (i) Landlord’s consent to any person,
firm or corporation for the performance of any work or services or the supply of any materials to
the demised premises or any improvement thereon; or (ii) giving Tenant or any other person, firm or
corporation any right to contract for or to perform or supply any work, services or materials that
would permit or give rise to a lien against the demised premises or any part thereof.

ARTICLE 17 Assignments and Subletting

17.01 Limitations on Tenant Rights

(a) Neither this Lease, nor the interest of Tenant in this Lease, shall be sold, assigned,
transferred, mortgaged, pledged, hypothecated or otherwise disposed of, whether by
operation of law or otherwise, nor shall the Demised Premises or any part of the
Demised Premises be sublet or subject to any license or concession, without the
express, prior written consent of Landlord in each instance, which consent shall not be
unreasonably withheld or delayed. For the purpose of this Lease, the sale or transfer of
stock or other interests constituting a controlling interest in Tenant shall be considered
an assignment, and likewise shall require Landlord’s prior written consent, except when
Tenant or its parent is a corporation having its shares traded on the New York,
American, NASDAQ or Over-The-Counter stock exchange or market. Tenant shall make
available to Landlord the stock record books of Tenant and shall produce the same on
request of Landlord. Similarly, if Tenant is a partnership, the
interest of any partner shall
not be transferred without Landlord’s prior written consent. For the purposes of this Lease, the
entering into of any managing agreement or any similar agreement which transfers control of the
business operations of Tenant in the demised premises shall be treated as an assignment of this
Lease and shall require Landlord’s prior written consent. Any attempted transfer, assignment,
subletting, license or concession agreement, hypothecation or other transfer that is prohibited
without Landlord’s prior written consent shall be void, and confer no rights upon any third party.

(b) No permitted assignment made shall be effective until Landlord receives: an
agreement, in recordable form, executed by Tenant and the proposed assignee, in which
such assignee assumes the due performance of all of the obligations on Tenant’s part to
be performed under this Lease.

(c) Any assignment of this Lease or any sublease affecting the demised premises or
any other permitted transfer under this Lease shall be subject to the terms and
conditions of this Lease. Regardless of the assumption by any assignee of the due
performance of Tenant’s obligations hereunder or Landlord’s acceptance of Rent or
other charges from any assignee or subtenant, Tenant shall not be released by any
assignment, license or sublease but shall continue to be fully responsible for the due

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performance of Tenant’s obligations hereunder in the same manner and to the same extent as if no
such assignment, license or sublease had been made.

(d) Any transfer made in violation of the provisions of this Section shall constitute an
Event of Default under Article 15 and give rise to Landlord’s right to re-enter the
Demised Premises.

(e) The Tenant may without Landlord’s consent, but upon notice to Landlord, assign this
Lease to any bank or financial institution which acquires the assets or stock of Tenant or
is merged with Tenant, without Landlord’s consent.

17.02 Effect of Landlord’s Consent

(a) Any consent by Landlord to a sublease or license of all or any part of the Demised
Premises or to a sale, assignment, mortgage, pledge, hypothecation or transfer of this
Lease, shall apply only to the specific transaction thereby authorized and shall not
relieve Tenant from the requirement of obtaining prior written consent of Landlord to any
further sublease or license of the Demised Premises or any further sale, assignment,
mortgage, pledge hypothecation or transfer of this Lease. When the consent of Landlord
is required to any proposed assignment, sublease, mortgaging, pledging, licensing or
hypothecation, Tenant shall submit in writing with its request for consent, information
reasonably sufficient to enable Landlord to make a decision with respect thereto.

(b) With respect to any of the consents requested by Tenant, whether or not Landlord
has granted same, Tenant shall pay to Landlord its attorney’s fee in the amount of
$750.00.

ARTICLE 18 Compliance with Governmental Orders

18.01 Tenant to Comply

Tenant, at is sole cost and expense, shall promptly execute and comply with all statutes,
ordinances, rules, orders, regulations and requirements of the federal, state and local governments
and of any and all other agencies, departments and bureaus applicable to the demised premises or to
the business conducted by Tenant at the demised premises, whether ordinary, extraordinary, foreseen
or unforeseen (collectively, “Governmental Orders”). In addition, Tenant, at its own
expense, shall comply with and execute all rules, orders, regulations and recommendations of the
Board of Fire Underwriters, Rating Board and Landlord and Tenant’s insurance companies with respect
to the prevention of fires and the exposure of liability risks (collectively, “Insurance
Matters”). Tenant, at its sole cost and expense, shall furnish and main in good order an
adequate number and type of fire extinguishers on the Demised Premises at all times. Anything to
the contrary contained herein notwithstanding, Tenant shall have the right to contest any such
statutes, ordinances, rules, orders or regulations.

18.02 Failure to Comply

In case Tenant fails or neglects to comply with any Governmental Orders, Insurance Matters or
the ADA (as hereinafter defined), with respect to the Demised Premises only, Landlord or
its agent may enter the Demised Premises and perform such work as may be necessary to comply
therewith at the sole cost and expense of Tenant plus eighteen percent (18%) for administration
costs, which shall be added to Tenant’s next monthly installment of Rent and be due and payable as
such, or Landlord may deduct the same from any balance remaining in Landlord’s hands. This
provision is in addition to the right

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of Landlord to terminate this Lease by reason of a default on the part of Tenant.

18.03 Hazardous Material

(a) Tenant shall, at all
times, comply with all local, state and federal laws, rules and
regulations governing the use, handling and disposal of Hazardous Material in the
demised premises including, but not limited to Section 1004 of the Federal Reserve
Conservation and Recovery Act, 42 USCA § 690 et seq. and any additions,
amendments or modifications thereto. As used herein, the term “Hazardous Material”
shall mean any hazardous or toxic substance, material or waste which is, or becomes,
regulated by any local or state government authority in which the demised premises is
located or by the United States Government. Landlord and its agents shall have the
right, but not the duty, to inspect the demised premises at any time to determine whether
Tenant is complying with the terms of this Section. If Tenant is not in compliance with
this Section, Landlord shall have the right to immediately enter upon the demised
premises and take whatever actions are reasonably necessary to comply with the terms
set forth in this Section, including, but not limited to. the removal from the demised
premises of any Hazardous Material and the restoration of the demised premises to a
clean, neat, attractive, healthy and sanitary condition and Tenant shall pay all costs so
incurred by Landlord within ten (10) days after receipt of a bill therefor plus eighteen
percent (18%) for administration. The covenants in this Section shall survive the
expiration or earlier termination of this Lease.

(b) Anything to the contrary contained herein notwithstanding, Tenant shall not be
responsible for any actions of Landlord other than tenants of the Building with respect to
hazardous materials.

18.04 Americans With Disabilities Act

Tenant, at its sole cost and expense, shall at all times comply with and shall cause the demised
premises to be in compliance with the requirements of the Americans With Disabilities Act of 1990,
and any additions, amendments or modifications thereto and all related regulations (the “ADA”).

ARTICLE 19 Subordination

19.01 Subordination

(a) The rights and interests of Tenant under this Lease shall be subject and subordinate to any
ground lease mortgage now or hereafter placed upon any portion of the Center, and to any advances
made under any mortgage, as well) as to all renewals, modifications, consolidations, replacements,
extensions and re-financings thereof. Tenant agrees that any ground lesser or mortgage may elect to
give the rights and interest of Tenant under this Lease priority over the lien of its ground lease
or mortgage. In the event of such election, the rights and interest of Tenant under this Lease
automatically shall have priority in whole or in part, over the lien of said ground lease or
mortgage and no additional consent or instrument shall be necessary or required therefor. Tenant
agrees to execute and deliver such instruments as may be requested by mortgagee for any of the
foregoing purposes. If Tenant fails to do so within ten (10) days after demand in writing, Tenant
does hereby make, constitute and irrevocably appoint Landlord as its attorney-in-fact (which shall
be deemed to be coupled with an interest) in its name, place and stead so to do. Landlord agrees to
use its reasonable

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efforts to obtain a Subordination, Non-Disturbance and Attainment Agreement from any current
or future mortgagee of the Center.

ARTICLE 20 Entry to Premises

20.01 Entry to Demised Premises by Landlord

(a) Landlord shall have the right to enter the Demised Premises upon one (1) day prior
notice at all reasonable times and in a manner not to unreasonably interfere with
Tenant’s business operations for the purposes of: (i) inspecting the Demised Premises;
(ii) making any repairs to the Demised Premises and performing any work that may be
necessary or desirable; (iii) exhibiting the demised premises for the purpose of sale,
ground lease, mortgage or other financing; and (iv) exhibiting the Demised Premises
during the one year prior to the expiration of the Term or at any time following delivery of
a notice by Tenant pursuant to Section 17.01 to prospective tenants.

(b) Nothing in this Lease shall imply any duty on the part of Landlord to do work or
perform obligations which, under any of the provisions of this Lease, Tenant may be
required to perform, and any such performance by Landlord shall not constitute a
constructive eviction, nor a waiver of Tenant’s default.

ARTICLE 21 Notices and Certificates

21.01 Notices

(a) Any notice, statement, certificate, request or demand required or permitted to be given
or delivered by or in this Lease (a “Notice”) shall be in writing, and sent either by a nationally
recognized overnight courier service, registered or certified mail, postage prepaid, return receipt
requested, with simultaneous first class mailing, and in either case addressed, as the case may be,
to Landlord and Tenant at the address shown at the beginning of this Lease, or to such other
addresses as Landlord or Tenant shall designate in the manner provided in this Section. Landlord’s
representative, as designated from time to time, is authorized to give or deliver to Tenant any
Notice under this Lease. Any Notice, shall, in the case of registered or certified mailing, be
deemed to have been given on the date mailed in any post office or branch post office regularly
maintained by the United Stated Postal Service, and in the case of delivery by a nationally
recognized overnight courier service, shall be deemed to have been given upon the date of delivery
to an authorized agent of such courier service, except in each case for Notice of change of address
or revocation of a prior Notice, which shall only be effective upon receipt,

(b) At any time or times when Tenant’s interest is vested in more than one person, firm or
corporation, jointly, in common or severally, a Notice given by Landlord to any one such person,
firm or corporation shall be conclusively deemed to have been given to all such persons, firms or
corporations. Any Notices by Tenant to Landlord pursuant to the provisions of this Lease shall be
void and ineffective unless signed by all persons, firms and corporations comprising the tenant
hereunder unless all such persons, firms and corporations have previously given Notice to Landlord,
signed by each of them and designating and authorizing one or more of them to give the Notice
referred to, and such authorization shall then be unrevoked by any Notice to Landlord.

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21.02 Intentionally Deleted

21.03 Estoppel Certificate

Within fifteen (15) days after request by Landlord or Holder, Tenant, from time to time and
without charge, shall deliver to Landlord or the requesting party, or to a person, firm or
corporation, specified by Landlord or Holder, a duly executed and acknowledged
instrument (“Tenant’s Estoppel Certificate”) in recordable form and/or in such form as the landlord
or its mortgagee may reasonably require. Such certification shall not
estop Tenant from thereafter
asserting any existing default of which Tenant did not have actual knowledge on the date of
execution thereof.

ARTICLE 22 Covenant of Quiet Enjoyment

22.01 Covenant of Quiet Enjoyment

(a) Subject to the terms and provisions of this Lease and Tenant’s payment of the Rent
and Additional Rent, and observing, keeping and performing all of the terms and
provisions of this Lease on its part to be observed, kept and performed, Tenant shall
lawfully, peaceably and quietly have, hold and enjoy the Demised Premises during the
Term without hindrance or ejection by any persons lawfully claiming under Landlord; but
it is understood and agreed that this covenant, and any and all other covenants of
Landlord contained in this Lease shall be binding upon Landlord and its successors only
with respect to breaches occurring during its and their respective ownership of
Landlord’s interest in the Demised Premises.

(b) With respect to any services to be furnished by Landlord to Tenant, Landlord shall in
no event be liable for failure to furnish the same when prevented from doing so by strike,
lockout, breakdown, accident, order or regulation of or by any governmental authority,
failure of supply, inability by the exercise of reasonable diligence to obtain supplies,
parts or employees necessary to furnish such services, because of war or other
emergency, or for any cause beyond Landlord’s control. In no event shall Landlord ever
be liable to Tenant for any indirect or consequential damages by reason of Landlord’s
breach or default of the terms of this Lease.

ARTICLE 23 Holdover

(a) It is expressly understood by Tenant that Tenant’s right to possession of the Demised
Premises under this Lease shall terminate at the expiration or earlier termination of the
Term, and should Tenant continue thereafter to remain in possession,
Landlord, should it so elect, shall be entitled to the benefits of all provisions of law with respect to summary
recovery of possession from a holdover tenant. Tenant shall indemnify, save harmless and defend
Landlord from and against any claim, damage, expense, cost or loss which Landlord may incur by
reason of such holding over, including without limitation, any claim of a succeeding tenant, or any
loss by Landlord with respect to a lost opportunity to re-let the Demised Premises.

(b) Should Tenant continue to occupy the Demised Premises after the expiration or
earlier termination of the Term with the consent of the Landlord, such tenancy shall be

19

 

from month-to-month, and such month-to-month tenancy shall be under the same terms, covenants and
conditions as are set forth in this Lease, except that Tenant shall
pay holdover rent (“Holdover Rent”) equal to (i) 125% of the monthly Base Rent for the last Lease Year of the Term for
the first month following the expiration of this Lease; (ii) 150% of the monthly Base Rent for the
last Lease Year of the Term for the second month following the expiration of this Lease; and (iii)
200% of the monthly Base Rent for the last Lease Year of the Term.

ARTICLE 24 Limitation on Landlord’s Personal Liability

(a) The term “Landlord” as used in this Section and throughout this Lease, shall be
limited to mean and include only the owner or owners at the time in question of Landlord’s interest in this
Lease. Further, in the event of any transfer by Landlord of Landlord’s interest in this Lease, the
landlord named herein (and in case of any subsequent transfers or conveyances, the then assignor),
including each of its partners, trustees, beneficiaries, shareholders, affiliates, co-tenants and
principals shall be automatically freed and relieved, from and after the date of such transfer or
conveyance, of all liability for the performance of any covenants and agreements on the part of
Landlord.

(b) Tenant, its partners, trustees, beneficiaries, shareholders, affiliates, alter egos,
successors and assigns are limited solely to the estate, interest and property of Landlord
in the real property upon which the Center is situated and improvements to the real
property, for the satisfaction of any of Tenant’s remedies, or for the satisfaction of any
liens, rights or the collection of any damages, judgment or other judicial process with
respect to any of the terms and conditions of this Lease, or any other obligations created
by, under or related to this Lease.

(c) Tenant shall not have any recourse to or against any other property or assets of
Landlord or its partners, trustees, beneficiaries, shareholders, affiliates, alter egos,
successors, assigns, co-tenants or principals, nor shall Landlord or its agents,
employees, partners, trustees, beneficiaries, stockholders, affiliates, representatives,
insurers, nor shall any of Landlord’s banking institutions or trusts be subject to levy,
execution or other prejudgment or judgment enforcement or attachment, for the
satisfaction of Tenant’s remedies arising from or relating to this Lease.

(d) Landlord’s partners, trustees, beneficiaries and affiliates, shareholders, alter egos,
of this Lease.

ARTICLE 25 Definition of
Tenant’s Allocable Share

Tenant’s Allocable
Share for this Lease is 7%. The term “Tenant’s
Allocable Share”
shall mean a fraction, the numerator of which is the number of square feet in the
Demised Premises, and the denominator of which is the total number of square feet of
all rentable space, excluding common areas. Except for gross errors on the part of
Landlord.

ARTICLE 26 Force
Majeure

The period of time during which either Party is prevented or delayed in any performance or the
making of any improvements or repairs or fulfilling any obligation under this Lease, other than the
payment of Rent, Percentage Rent and Additional Rent, due to unavoidable delays caused by fire,
catastrophe, strikes or labor trouble, civil commotion,

20

 

Acts of God, the public enemy, governmental prohibitions or regulations or inability to obtain
materials by reason thereof, or any other causes beyond such Party’s reasonable control (excluding
lack of funds), shall be added to such Party’s time for performance, and such party shall have no
liability by reason of such delay, except that as a condition to Tenant’s right to avail itself of
force majeure, Tenant must give Landlord written Notice of such claimed force majeure not later
than three (3) business days following the first occurrence of delay attributable to such force
majeure.

ARTIFCLE 27 Intentionally omitted.

ARTICLE 28 Changes and
Additions

Landlord reserves the right at any time, and from time to time, to make alterations or
additions to, and to build additional stories on, under, above and adjoining the building in which
the Demised Premises are located. Landlord also reserves the right at any time, and from time to
time, to construct other buildings and improvements in or on the Center, to enlarge or otherwise
modify the Center, provided the same does not interfere with Tenant’s use of the Demised Premises
to make alterations or additions thereto, to build additional stories on any building or buildings
within the Center, to build adjacent thereto, to construct decks or elevated parking facilities, to
install, maintain, use, repair and replace ducts, wires, pipes and conduits passing through or
under the Demised Premises serving other parts (now existing or hereafter added) of Center, and to
sell or lease any part of the Center. Landlord reserves the right at any time to relocate the
various buildings, parking areas and other Common Areas; provided, however, that there shall not be
any unreasonable obstruction of Tenant’s right of access to the Demised Premises or any
unreasonable interference with Tenant’s use of the Demised Premises for the purpose expressly
contemplated hereby. Tenant hereby expressly waives any right to make claims including set-off
arising out of landlord’s acts pursuant to this Article except for landlord’s willful act or gross
negligence.

ARTICLE 29 Attornment by Tenant

If at any time during the Term Landlord shall be the holder of a leasehold estate covering premises
which include the Demised Premises, and if such leasehold estate shall be canceled or otherwise
terminated prior to the expiration date of the leasehold and prior to the expiration of the Term,
or in the event of the surrender thereof whether voluntary, involuntary or by operation of law,
Tenant shall make full and complete attornment to the lessor of such leasehold estate for the
balance of the Term upon the same covenants and conditions as are contained in this Lease, so as to
establish direct privity between such lessor and Tenant and with the same force and effect as
though this Lease was made directly from such lessor to Tenant.
Tenant shall then make all rent
payments thereafter directly to such lessor. In the event any proceedings are brought for the
foreclosure of, or in the event of conveyance by deed in lieu of foreclosure of, or in the event of
the exercise of the power of sale under, any mortgage made by Landlord covering the Demised
Premises, or in the event Landlord sells, conveys or otherwise transfers its interest in the Center
or any portion thereof containing the Demised Premises, Tenant shall attorn to and hereby covenants
and agrees to execute an instrument in writing reasonably satisfactory to the new owner whereby
Tenant attorns to such successor in interest and recognizes such successor as the landlord under
the lease.

21

 

ARTICLE 30 Intentionally Deleted

ARTICLE 31 Survival of
Tenant’s Obligations

Any sums due Landlord from Tenant that by the terms herein would be payable, or are incapable of
calculation, until after the expiration or earlier termination of this Lease shall survive and
remain a continuing obligation until paid.

ARTICLE 32 Intentionally omitted

ARTICLE 33 Effect of
Captions

The captions, bold-faced type, underlining, notational references, or legends in this Lease
are inserted only for convenient reference or identification of the particular paragraphs and are
in no way intended to describe, interpret, define or limit the scope, extent or interest of this
Lease, or any paragraph or provision thereof.

ARTICLE 34 Tenant
Authorized to Do Business

Tenant represents, warrants and covenants upon the date of execution, and throughout
the Term, Tenant is authorized to do business and is in good standing in the State of
New York. Tenant, if a partnership, limited liability company, corporation or other entity,
agrees to furnish to Landlord, upon request, evidence of authority to enter into this
Lease.

ARTICLE 35 Execution in
Counterparts

This Lease may be executed in one or more counterparts, any one or all of which shall
constitute but one agreement.

ARTICLE 36 Signs

(a) Tenant shall not place, maintain or suffer to be placed or maintained on or in exterior
door, wall or window of the Demised Premises any sign, awning or canopy, decoration,
lettering or advertising matter or other thing of any kind without first obtaining Landlord’s
written approval. Tenant shall use the sign company designated by landlord. Tenant
further agrees to maintain such sigh, awning, canopy, decoration, lettering, advertising
matter or other thing as may be approved in good condition and repair at all times.
Provided Tenant shall comply with all applicable laws and regulations, it shall have the
right to install a sign post on the place approved by Landlord. Anything to the contrary
contained herein notwithstanding, Tenant may erect and maintain signage in and outside
the Demised Premises bearing Tenant’s logotype.

(b) Tenant shall have the right to erect a pylon sign in the parking lot of the Shopping
Center. Tenant shall be responsible for all costs and expenses in connection with such
signage and shall indemnify and hold Landlord harmless from and against any and all
costs, losses and expenses incurred in connection with such signage including any municipal
or building department violators.

22

 

ARTICLE 37 Intentionally Deleted

ARTICLE 38 Entire
Agreement

This Lease contains and embraces the entire agreement between the Parties with respect
to the matters contained in this Lease, and it or any part of it may not be changed,
altered, modified, limited, terminated or extended orally or by any agreement between
the Parties unless such agreement is in writing and signed by the Parties, their legal
representatives, successors or assigns. Tenant acknowledges and agrees that neither
Landlord nor any representative of Landlord nor any broker has made any representation
to or agreement with Tenant relating to the Demised Premises, this Lease or the Center
which is not contained in the express terms of this Lease. Tenant acknowledges and
agrees that Tenant’s execution and delivery of this Lease is based upon Tenant’s
independent investigation and analysis of the business potential and expenses
represented by this Lease, and Tenant expressly waives any and all claims or defenses
by Tenant against the enforcement of this Lease which are based upon allegations of
representations, projections, estimates, understanding or agreements by Landlord or
Landlord’s representative that are not contained in the express terms of this Lease.
With respect to this Lease, Tenant hereby represents to Landlord that the transaction
contemplated hereby does not violate Tenant’s formation documents or constitute a
breach or violation or any provision of any indenture, mortgage, Lease, agreement,
judgment, statute, rule or regulation to which Tenant is a party or by which Tenant is
bound or by which Tenant is subject.

ARTICLE 39
Brokers

Landlord and Tenant each represent and warrant to the other that neither of them has
employed any realtors or brokers in connection with the negotiation of this Lease,
other than My Realty Co. (the “Broker”). Landlord and Tenant shall each indemnify,
defend and hold harmless the other from any cost, expense or claim for brokerage or
other commission arising from or out of any breach of the foregoing representation
and warranty by the indemnitor. Landlord agrees that it shall be responsible tor
payment of any commission due the Broker; provided, however, Tenant shall reimburse
Landlord the amount of $10,000.00 on the Rent Commencement Date on account of any
commissions which may be due the Broker.

ARTICLE 40 Intentionally Deleted

ARTICLE 41 Intentionally Deleted

ARTICLE 42 Invalidity of
Particular Provisions

If any term or provision of this Lease or the application thereof to any person or
circumstance is, to any extent, invalid or unenforceable, the remainder of this Lease,
or the application of such term or provision to persons or circumstances other than
those as to which it is held invalid or unenforceable, shall not be affected thereby,
and each term and provision of this Lease shall be valid and be enforced to the
fullest extent permitted by law.

23

 

ARTICLE 43 Execution of Lease by Landlord

The submission of this document for examination and negotiation does not constitute an offer
to lease, or a reservation of, or option for, the Demised Premises, and this document shall be
effective and binding only upon the execution and delivery hereof by
both Landlord and Tenant.

ARTICLE 44 Relationship of the Parties

Nothing contained herein shall be deemed or construed by the parties hereto nor by any third party
as creating the relationship of principal and agent, or of partnership or of joint venture between
the Parties, it being understood and agreed that neither the method of computation of rent nor any
other provision contained in this Lease, nor any acts of the Parties, shall be deemed to create any
relationship between the Parties other than Landlord and Tenant.

ARTICLE 45 Water Charges

There shall be no separate water meters. Tenant shall be responsible for payment for its own usage
of water and sewer. Tenant shall reimburse landlord monthly an amount equal to the water and sewer
bills paid or payable by landlord. Unless otherwise agreed, tenant agrees to accept water usage
allocation determined by a professional water reading company.

ARTICLE 46 Intentionally omitted.

ARTICLE 47 Option to Extend

Tenant shall have one time option to extend this Lease for a period of five (5) years, provided
that Tenant shall not be in default under the terms and conditions of
the lease. Said option must
be exercised during the period not earlier than 12 months and not later than 6 months prior to the
expiration of this Lease by tenants notifying landlord in writing of tenant’s intent to exercise
the option. Rent for such extended period shall be the greater of fair market rent or 105% of the
previous year, to increase by 5% annually thereafter. In the event the parties are unable to
agree upon a fair market rent, the same shall be determined by arbitration to be conducted before
the American Arbitration Association under its commercial arbitration rules.

ARTICLE 48
Attorney’s Fees

In the event that landlord shall bring any proceeding against tenant for recovery of money damages,
or for possession of the Demised Premises by reason of nonpayment of minimum annual rent or
additional rent or for nonperformance by tenant of the terms and conditions of this Lease or for
breach of lease, and landlord shall incur costs and expenses by reason of such default, such
charges, including reasonable attorney’s fees, shall be due and
payable from tenant as additional
rent and shall become immediately due and payable upon the incurrence
of same.

ARTICLE 49 Waiver

One or more waivers of any covenant or condition by landlord shall not be construed as a waiver of
a subsequent breach of the same or any other covenant or condition, and the consent or approval by
landlord to or of any act by tenant requiring landlord’s consent or

24

 

approval shall not be construed to waive or render unnecessary landlord’s consent or approval to or
of any subsequent similar act by tenant.

Article 50 Regulatory Approvals.

The Tenant’s obligations hereunder are contingent upon receipt of approval of all regulatory
agencies having jurisdiction over Tenant to the occupancy of the Demised Premises by Tenant. In
the event Tenant is unable to secure such regulatory approvals within 60 days of the date a fully
executed counterpart of this Lease is returned to Tenant, Tenant may terminate this Agreement on
written notice in which event the parties shall be relieved of all obligations one to the other and
any monies paid to Landlord by Tenant shall be immediately returned. In the event Tenant is unable
to obtain regulatory approvals and terminates this Lease, it shall remit to Landlord an amount
equal to one and one half month’s rent as and for liquidated damages in which event this Lease
shall terminate and be of no further force and effect.

IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the date first above
written.

	 	 	 	 	 	 	 	 	 	 	 
	LANDLORD:	 	 	 	TENANT:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	GASEUNG REALTY CORP.	 	 	 	NARA BANK, N.A.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kyong in Park
	 	 	 	By:
	 		 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 

	 	Name:
	 	 	 	 	 	Name: Nani Thanawala	 	 
	 

	 	Title:
	 	 	 	 	 	Title: First Vice President	 	 

25

 

 FIRST RIDER TO LEASE 

	 	 	 	 	 
	LANDLORD

	 	:
	 	GASEUNG REALTY CORP.
	TENANT

	 	:
	 	NARA BANK
	PREMISES

	 	:
	 	Store No. 3 and Store No. 4
	 

	 	 	 	209-07 and 209-09 NORTHERN BLVD., BAYSIDE, NY
	DATE

	 	:
	 	JANUARY                     , 2005

A. In the event of any conflict between this First Rider to Lease and the Main
Text of Shopping Center Lease, this First Rider will prevail and control.

B. Address of the premises shall be: 209-07 & 209-09 Northern Blvd., Bayside,
NY 11361. 209-07 is Store No. 3 and 209-09 is Store No. 4.

C. On Page 1, Landlord’s address For notices shall be: P.O. Box 750427, Forest
Hills, NY 11375.

D. Article 2 of the Lease is deleted in its entirety and shall be replaced by the
following:

     ARTICLE 2 TERM OF THE LEASE

2.01 Lease Commencement Date

The term of this lease shall commence on the date landlord delivers to tenant Temporary Certificate
of Occupancy for general commercial use. (“Lease Commencement Date”). The month in which Lease
Commencement Date occurs, whether full month or not, shall be the first month of this lease.

However, Tenant’s obligations hereunder are contingent upon receipt of approval of
all regulatory agencies having jurisdiction over Tenant for the occupancy of the Demised
Premises by Tenant, pursuant to Article 50 hereof.

2.02 Free Rent

Tenant’s obligation to pay base monthly rent shall be waived for second, third and
four months of the first year.

2.03 Expiration Date

The term of this lease shall expire on the last day of 60th month.

2.04 Surrender of Demised Premises

On the expiration or earlier termination of this lease, Tenant agrees, without
necessity of any notices from Landlord (statutory or otherwise), to surrender the demised premises
in accordance with Articles 9 and 13, in broom clean condition and in good order and repair,
subject only to reasonable wear and tear.

E. Article 3 of the Lease is deleted in its entirety and shall be replaced by the following:

ARTICLE 3 RENT

3.01 Minimum Annual Rent

 

 

(a) Tenant agrees to pay Landlord throughout the Term, without diminution, abatement,
deduction or set-off whatsoever and without prior notice or demand, minimum annual rent in equal
monthly installment on the first day of each calendar month through the Term, as follows:

	 	 	 	 	 	 	 	 	 
	Year	 	 	 	Monthly	 	Annual	 
	1st	 	1st Month
	 	Prorated on per diem basis	 	 	 	 
	 	 	2nd Month
	 	Waived	 	 	 	 
	 	 	3rd Month
	 	Waived	 	 	 	 
	 	 	4th Month
	 	Waived	 	 	 	 
	 	 	5th to 12th Months
	 	$7,000.00	 	 	 	 
	2nd	 	13th through 24th Months
	 	$7,210.00	 	$	86,520.00	 
	3rd	 	25th through 36th Months
	 	$7,426.30	 	$	89,115.60	 
	4th	 	37th through 48th Months
	 	$7,649.08	 	$	91,788.96	 
	5th	 	49th through 60th Months
	 	$7,878.56	 	$	94,542.72	 

(b) If the Term shall commence upon a day other than the first day of a calendar
month or if the Term shall expire upon a day other than the last day of a calendar month, the
Monthly Rent For such partial month shall be prorated on a per diem basis.

3.02 Delinquent Payments

(a) If during the Term Tenant fails to pay the full amount of the Monthly Rent or
Additional Rent within ten (10) days from the due date, then five percent (5%) late
charge shall accrue on the unpaid portion, and same shall be paid to Landlord at the
time of payment of the delinquent sum. Landlord shall have the right to apply any
payments made by Tenant first to any deficiency in the payment of the interest and
administrative charges due.

(b) Any payment to be made by Tenant under this lease shall be deemed to have
been paid upon the date that it is received by Landlord.

3.03 Additional Rent

All charges, costs, expenses, reimbursements, fees, interest and other payments to be made by
Tenant to Landlord under this lease, including Tenant’s Allocable Share of real property taxes and
common area maintenance charges shall be deemed to be Additional Rent.

3.04 Place for Payments

(a) Tenant shall deliver to Landlord all payments of Rent and Additional Rent at the

 

 

The term “Common Areas” shall mean the interior and exterior areas and facilities within and around
the Center which are not leased to a tenant, or by nature not leasable to a tenant for the purpose
of the sale of merchandise or the rendition of services to the general public. Common Areas shall
include, but shall not be limited to, all parking areas and facilities, roadways, driveways,
entrances and exits, truck service ways and tunnels, utilities, water filtration and treatment
facilities, retention ponds or basins located within or outside the Center, retaining and exterior
walls, sidewalks, open and enclosed malls, outside courts, landscaped and planted areas,
escalators, stairways, elevators, service corridors, service areas loading docks, hallways, public
restrooms, community rooms or areas, roofs, equipment, signs and any special areas provided by
Landlord for the common or joint use and benefit of all tenants in the Center, their employees,
customers and invitees.

7.02 Use of Common Areas

(a) Tenant and its officers, employees, agents, customers and invitees shall have the
nonexclusive right, in common with Landlord and all others to whom Landlord has or may
hereafter grant rights, to use the Common Areas designated by Landlord from time to
time, subject to such regulations as Landlord may from time to time impose.

(b) Each of Store Nos. 1 through 8 shall have one reserved parking space in the parking
lot on 209th Street side (Westside of the building). Store No. 9, if occupied by one
tenant, shall have all four spaces adjacent to the Store No. 9 on the eastside of the building. The
rest of space in the parking lots shall be used non-exclusive basis. Landlord reserves
right to modify this section for the benefit of the entire Center or otherwise commercially
reasonable.

(c) Each tenant shall keep the hallway and sidewalk adjacent to the demised premises In
good, safe, neat, and clean condition.

(d) Landlord may at any time: (i) close temporarily the Common Areas or any portion
thereof; (ii) make repairs or changes to prevent the acquisition of public rights therein;
(iii) discourage noncustomer parking; and (iv) do such other acts in and to the Common
Areas as in its judgment may be desirable to improve the convenience thereof. Tenant
shall not at any time interfere with the rights of Landlord and other tenants, its and their
permitted officers, employees, agents, customers, and invitees, to use any part of the
parking areas and other Common Areas. Landlord shall have the sole and exclusive right
to use the Common Areas for advertising purposes, promotions, exhibits, shows, displays,
kiosks and other similar uses.

7.03 Common Area Maintenance (CAM) Charges

 

 

Tenant shall pay Tenant’s Allocable Share of CAM charges. Common Area Maintenance
Charges shall mean the total costs and expenses incurred in operating, heating, ventilating,
cooling, security, insurance, sprinklers, compactor expenses, managing, food court
maintenance and maintaining the Common Areas, including without limitation, such maintenance,
repair, replacement and remodeling as shall be required in Landlord’s sole and absolute
judgment to preserve the utility thereof as existed at the time of completion of the original
construction and installation.

G. Article 25 of the Lease is deleted in its entirety and shall be replaced by the
following:

ARTICLE 25 TENANT’S ALLOCABLE SHARE

Tenant’s Allocable Share for this lease is Fourteen (14%) Percent. The term
“Tenant’s Allocable Share” shall mean a fraction, the numerator of which is the number of
square feet in the demised premises, and the denominator of which is the total number of
square feet of all rentable space, excluding common areas. Except for gross errors on the
part of Landlord, Tenant waives right to assert accuracy of the Tenant’s Allocable Share
described in this lease.

H. To Article 36 Signs, the following shall be added:

Tenant agrees to reimburse Landlord in the amount of $2,000.00 in payment of cost for sign
design/installation.

I. Article 46 Security Deposit is inserted as follows:

ARTICLE 46 SECURITY DEPOSIT

Upon execution of this lease, Tenant agrees to deposit with landlord the sum of
$21,000.00, representing the current three (3) months rent, as security for the faithful
performance and observance by tenant of the terms and conditions of this lease. Tenant shall
pay additional security deposit to keep the total amount of security deposit equal to the
then current three (3) months rent. Security deposit will not be maintained in an interest
bearing account. Tenant agrees that landlord shall have the right to apply security deposit
for expenses incurred as a result of default including non payment of rent and legal fees.

	 	 	 	 	 	 	 	 	 	 	 
	LANDLORD:	 	 	 	TENANT:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	GASEUNG REALTY CORP.	 	 	 	NARA BANK, N.A.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Kyong in Park
	 	 	 	By:
	 		 	 
	 

	 	 
	 	 	 	 	 	 	 	 
	 

	 	Kyong in Park
	 	 	 	 	 	Nani Thanawala	 	 
	

	 	President
	 	 	 	 	 	First Vice Presidentexv4w1

 

Exhibit 4.1

EXECUTION COPY

 

MULTI-CURRENCY, MULTI-OPTION

CREDIT AGREEMENT

among

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED

The Several Lenders

from Time to Time Parties Hereto

J.P. MORGAN SECURITIES INC.,

as Arranger

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

HSBC BANK USA, NATIONAL ASSOCIATION,

BAYERISCHE HYPO – UND VEREINSBANK AG, NEW YORK BRANCH,

and

BANK OF TOKYO - MITSUBISHI TRUST COMPANY

as Syndication Agents

Dated as of June 28, 2005

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	SECTION 1 DEFINITIONS
	 	 	1	 
	1.1. Defined Terms
	 	 	1	 
	1.2. Other Definitional Provisions
	 	 	19	 
	 
	 	 	 	 
	SECTION 2 THE COMMITTED RATE LOANS
	 	 	19	 
	2.1. Committed Rate Loans
	 	 	19	 
	2.2. Procedure for Committed Rate Loan Borrowing
	 	 	20	 
	2.3. Repayment of Committed Rate Loans; Evidence of Debt
	 	 	20	 
	2.4. Termination or Reduction of Commitments
	 	 	21	 
	2.5. Optional Prepayments
	 	 	21	 
	2.6. Conversion and Continuation Options
	 	 	21	 
	2.7. Minimum Amounts of Tranches
	 	 	22	 
	2.8. Interest Rates and Payment Dates for Committed Rate Loans
	 	 	22	 
	2.9. Inability to Determine Interest Rate
	 	 	22	 
	2.10. Commitment Increases
	 	 	23	 
	2.11. Substitution of Euro for National Currency
	 	 	24	 
	 
	 	 	 	 
	SECTION 3 THE COMPETITIVE ADVANCE LOANS
	 	 	25	 
	3.1. Competitive Advance Loans
	 	 	25	 
	3.2. Procedure for Competitive Advance Loan Borrowing
	 	 	25	 
	3.3. Repayment of Competitive Advance Loans; Evidence of Debt
	 	 	25	 
	3.4. Prepayments
	 	 	26	 
	 
	 	 	 	 
	SECTION 4 THE LETTERS OF CREDIT
	 	 	26	 
	4.1. L/C Commitment
	 	 	26	 
	4.2. Procedure for Issuance of Letters of Credit under this Agreement
	 	 	27	 
	4.3. Fees, Commissions and Other Charges
	 	 	27	 
	4.4. L/C Participations
	 	 	28	 
	4.5. Reimbursement Obligation of the Company
	 	 	29	 
	4.6. Obligations Absolute
	 	 	29	 
	4.7. Letter of Credit Payments
	 	 	30	 
	4.8. Application
	 	 	30	 
	4.9. Issuance of Letters of Credit Priority for Acceptance of Time Drafts
	 	 	30	 
	 
	 	 	 	 
	SECTION 5 CERTAIN PROVISIONS APPLICABLE TO THE LOANS AND LETTERS OF CREDIT
	 	 	31	 
	5.1. Facility Fee
	 	 	31	 
	5.2. Computation of Interest and Fees
	 	 	31	 
	5.3. Pro Rata Treatment and Payments
	 	 	31	 
	5.4. Requirements of Law
	 	 	32	 
	5.5. Taxes
	 	 	34	 
	5.6. Indemnity
	 	 	36	 

i

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	5.7. Change of Lending Office
	 	 	36	 
	5.8. Company Controls on Exposure; Calculation of Exposure; Prepayment
if Exposure Exceeds Commitments
	 	 	37	 
	 
	 	 	 	 
	SECTION 6 REPRESENTATIONS AND WARRANTIES
	 	 	38	 
	6.1. Financial Condition
	 	 	38	 
	6.2. No Change
	 	 	38	 
	6.3. Corporate Existence; Compliance with Law
	 	 	38	 
	6.4. Corporate Power; Authorization; Enforceable Obligations
	 	 	38	 
	6.5. No Legal Bar
	 	 	39	 
	6.6. No Material Litigation
	 	 	39	 
	6.7. No Default
	 	 	39	 
	6.8. Ownership of Real Property; Liens
	 	 	39	 
	6.9. Intellectual Property
	 	 	39	 
	6.10. Taxes
	 	 	40	 
	6.11. Federal Regulations
	 	 	40	 
	6.12. ERISA
	 	 	40	 
	6.13. Investment Company Act; Other Regulations
	 	 	41	 
	6.14. Subsidiaries
	 	 	41	 
	6.15. Purpose of Loans and Letters of Credit
	 	 	41	 
	6.16. Accuracy and Completeness of Information
	 	 	41	 
	6.17. Environmental Matters
	 	 	41	 
	 
	 	 	 	 
	SECTION 7 CONDITIONS PRECEDENT
	 	 	42	 
	7.1. Conditions to Initial Extensions of Credit
	 	 	42	 
	7.2. Conditions to Each Extension of Credit
	 	 	44	 
	 
	 	 	 	 
	SECTION 8 AFFIRMATIVE COVENANTS
	 	 	44	 
	8.1. Financial Statements. Furnish to each Lender:
	 	 	44	 
	8.2. Certificates; Other Information
	 	 	45	 
	8.3. Payment of Obligations
	 	 	46	 
	8.4. Conduct of Business and Maintenance of Existence
	 	 	46	 
	8.5. Maintenance of Property; Insurance
	 	 	46	 
	8.6. Inspection of Property; Books and Records; Discussions
	 	 	46	 
	8.7. Notices
	 	 	47	 
	8.8. Environmental Laws
	 	 	47	 
	 
	 	 	 	 
	SECTION 9 NEGATIVE COVENANTS
	 	 	48	 
	9.1. Financial Condition Covenants
	 	 	48	 
	9.2. Limitation on Indebtedness of Restricted Subsidiaries
	 	 	48	 
	9.3. Limitation on Liens
	 	 	50	 
	9.4. Limitation on Fundamental Changes
	 	 	53	 
	9.5. Limitation on Sale of Assets
	 	 	54	 
	9.6. Limitation on Restricted Payments
	 	 	55	 
	9.7. Limitation on Investments
	 	 	56	 
	9.8. Limitation on Transactions with Affiliates
	 	 	57	 

ii

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	Page	 
	9.9. Limitation on Sales and Leasebacks
	 	 	57	 
	9.10. Limitation on Changes in Fiscal Year
	 	 	57	 
	9.11. Limitation on Material Guarantee Obligations in respect
of Indebtedness of Subsidiaries other than Restricted Subsidiaries
	 	 	57	 
	9.12. Limitation on Subsidiaries other than Restricted Subsidiaries
	 	 	57	 
	 
	 	 	 	 
	SECTION 10 EVENTS OF DEFAULT
	 	 	58	 
	 
	 	 	 	 
	SECTION 11 THE ADMINISTRATIVE AGENT AND THE ARRANGER
	 	 	60	 
	11.1. Appointment
	 	 	60	 
	11.2. Delegation of Duties
	 	 	60	 
	11.3. Exculpatory Provisions
	 	 	61	 
	11.4. Reliance by Administrative Agent
	 	 	61	 
	11.5. Notice of Default
	 	 	61	 
	11.6. Non-Reliance on Administrative Agent and Other Lenders
	 	 	61	 
	11.7. Indemnification
	 	 	62	 
	11.8. Administrative Agent in Its Individual Capacity
	 	 	62	 
	11.9. Successor Administrative Agent
	 	 	63	 
	11.10. The Arranger
	 	 	63	 
	 
	 	 	 	 
	SECTION 12 MISCELLANEOUS
	 	 	63	 
	12.1. Amendments and Waivers Generally; Amendments to Schedule
	 	 	63	 
	12.2. Notices
	 	 	66	 
	12.3. No Waiver; Cumulative Remedies
	 	 	67	 
	12.4. Survival of Representations and Warranties
	 	 	67	 
	12.5. Payment of Expenses and Taxes
	 	 	67	 
	12.6. Successors and Assigns; Participations and Assignments
	 	 	68	 
	12.7. Adjustments; Set-off
	 	 	71	 
	12.8. Judgment
	 	 	72	 
	12.9. Counterparts
	 	 	72	 
	12.10. Severability
	 	 	72	 
	12.11. Integration
	 	 	72	 
	12.12. GOVERNING LAW
	 	 	72	 
	12.13. Submission to Jurisdiction; Waivers
	 	 	73	 
	12.14. Acknowledgements
	 	 	73	 
	12.15. WAIVERS OF JURY TRIAL
	 	 	73	 
	12.16. Confidentiality
	 	 	74	 
	12.17. Termination of Existing Credit Agreement
	 	 	74	 
	12.18. Patriot Act
	 	 	74	 

iii

 

SCHEDULES

	 	 	 
	Schedule I:

	 	Lenders and Commitments
	Schedule II:

	 	Administrative Schedule
	Schedule III:

	 	Existing Letters of Credit
	Schedule IV:

	 	Restricted Subsidiaries
	Schedule V:

	 	Issuing Banks
	Schedule 6.14:

	 	Subsidiaries
	Schedule 9.2:

	 	Existing Indebtedness and Liens
	Schedule 9.7:

	 	Existing Investments

EXHIBITS

	 	 	 
	Exhibit A:

	 	Schedule Amendment
	Exhibit B:

	 	Form of Borrowing Certificate
	Exhibit C:

	 	Form of Competitive Bid Notice
	Exhibit D:

	 	Form of Competitive Bid Request
	Exhibit E:

	 	Form of Notice of Borrowing
	Exhibit F:

	 	Form of Notice of Competitive Advance Loan
	Exhibit G:

	 	Form of Notice of Continuation/Conversion
	Exhibit H:

	 	Assignment and Acceptance
	Exhibit I-1:

	 	Opinion of Jones Day
	Exhibit I-2:

	 	Opinion of General Counsel
	Exhibit J:

	 	New Lender Supplement
	Exhibit K:

	 	Commitment Increase Supplement
	Exhibit L:

	 	Form of Exemption Certificate

iv

 

     MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT, dated as of June 28, 2005, among:

     (i) HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED, a Delaware corporation (the
“Company”);

     (ii) the several banks and other financial institutions from time to time parties to
this Agreement (each, a “Lender”; and collectively, the “Lenders”);

     (iii) HSBC BANK USA, NATIONAL ASSOCIATION, BAYERISCHE HYPO – UND VEREINSBANK AG, NEW
YORK BRANCH, and BANK OF TOKYO – MITSUBISHI TRUST COMPANY, as the Syndication Agents (the
“Syndication Agents”);

     (iv) J.P. MORGAN SECURITIES INC., as Arranger (the “Arranger”); and

     (v) JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders hereunder (and
its successors in such capacity, the “Administrative Agent”).

W I T N E S S E T H:

     WHEREAS, the Company has requested the Lenders to make available a credit facility pursuant to
which (i) the Company may borrow revolving credit loans at committed interest rates and short-term
loans at interest rates determined by a competitive bidding process to be conducted by the Company
loans at committed interest rates and (ii) one or more Issuing Banks (as hereinafter defined) will
issue letters of credit for the account of the Company and each of the Lenders will acquire a
participating interest in each such letter of credit;

     WHEREAS, the Company has requested that the loans made, and letters of credit issued, under
this Agreement be denominated, at the option of the Company in United States Dollars or Available
Foreign Currencies (as hereinafter defined); and

     WHEREAS, the Lenders are willing to make such credit facility available to the Company;

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

SECTION 1

DEFINITIONS

     1.1. Defined Terms. As used in this Agreement, the following terms shall have the
following meanings:

     “ABR”: for any day, a rate per annum equal to the greatest of (a) the Prime Rate in
effect on such day, (b) the Base CD Rate in effect on such day plus 1% and (c) the Federal Funds

 

 

Effective Rate in effect on such day plus 1/2 of 1%. Any change in the ABR due to a change in the
Prime Rate, the Base CD Rate or the Federal Funds Effective Rate shall be effective from and
including the effective date of such change in the Prime Rate, the Base CD Rate or the Federal
Funds Effective Rate, respectively.

     “ABR Loans”: Loans in Dollars bearing interest based upon the ABR.

     “Acquisition”: means any transaction or series of related transactions for the
purpose of, or resulting in, directly or indirectly, (a) the acquisition by the Company or any
Restricted Subsidiary of all or substantially all of the assets of a Person or of any business or
division of a Person or (b) the acquisition by the Company or any Restricted Subsidiary of more
than 50% of any class of Voting Stock (or similar ownership interests) of any Person.

     “Adjusted Eurocurrency Rate”: with respect to any Eurocurrency Loan for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal
to (a) the Eurocurrency Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

     “Administrative Schedule”: Schedule II to this Agreement, which contains interest
rate definitions and administrative information in respect of each Currency and each Type of Loan.

     “Affiliate”: as to any Person, any other Person (other than a Subsidiary) which,
directly or indirectly, is in control of, is controlled by, or is under common control with, such
Person. For purposes of this definition, “control” of a Person means the power, directly or
indirectly, either to (a) vote 20% or more of the securities having ordinary voting power for the
election of directors of such Person or (b) direct or cause the direction of the management and
policies of such Person, whether by contract or otherwise.

     “Agreement”: this Multi-Currency, Multi-Option Credit Agreement, as amended,
supplemented or otherwise modified from time to time.

     “Agreement Currency”: as defined in subsection 12.8(b).

     “Applicable Margin”: for each day during each Interest Period in respect of any
Eurocurrency Loan, the margin per annum set forth below opposite the applicable Ratings category in
effect on such day:

2

 

	 	 	 	 	 	 	 
	Pricing Level	 	Ratings	 	Applicable Margin	 
	(from highest to lowest)	 	(S&P/Moody’s)	 	(basis points)	 
	1
	 	A- or A3 or higher	 	37.0
	 
	2
	 	BBB+ or Baa1	 	40.0
	 
	3
	 	BBB or Baa2	 	50.0
	 
	4
	 	BBB- or Baa3	 	60.0
	 
	5
	 	BB+ or Ba1	 	70.0
	 
	6
	 	Lower than BB+ or Ba1	 	90.0

     For purposes of the foregoing: (a) if the Rating issued by Moody’s and the Rating issued by
S&P shall fall within different Pricing Levels (but not more than one (1) Pricing Level apart),
then the Applicable Margin shall be determined by reference to the higher Pricing Level (e.g., if
the Rating issued by S&P is in Pricing Level 1 and the Rating issued by Moody’s is in Pricing Level
2, then the Applicable Margin shall be determined by reference to Pricing Level 1); (b) if the
Rating issued by Moody’s and the Rating issued by S&P shall fall within different Pricing Levels
(and by more than one (1) Pricing Level apart), then the Applicable Margin shall be determined by
reference to the Pricing Level that is one (1) Pricing Level higher than the lower Pricing Level
(e.g., if the Rating issued by S&P is in Pricing Level 1 and the Rating issued by Moody’s is in
Pricing Level 4, then the Applicable Margin shall be determined by reference to Pricing Level 3);
(c) if either Moody’s or S&P shall not have in effect a Rating (other than by reason of the
circumstances referred to in the last sentence of this paragraph), then such rating agency shall be
deemed to have established a rating in Pricing Level 6; and (d) if either Moody’s or S&P no longer
publishes ratings and the Company and the Administrative Agent cannot agree on another ratings
agency to replace Moody’s or S&P, as the case may be, then the Rating issued by Moody’s or the
Rating issued by S&P which is still being published, as the case may be, shall be deemed to be the
Rating. If the rating system of Moody’s or S&P shall change, or if either such rating agency shall
cease to be in the business of rating corporate debt obligations, the Company and the Lenders shall
negotiate in good faith to amend this definition to reflect such changed rating system or the
unavailability of ratings from such rating agency and pending the effectiveness of any such
amendment, the Applicable Margin shall be determined by reference to the rating most recently in
effect prior to such change or cessation.

     “Application”: in respect of each Letter of Credit issued by an Issuing Bank, an
application, in such form as such Issuing Bank may specify from time to time, requesting issuance
of such Letter of Credit.

     “Assessment Rate”: for any day as applied to any ABR Loan, the annual assessment rate
in effect on such day that is payable by a member of the Bank Insurance Fund maintained by the
Federal Deposit Insurance Corporation (the “FDIC”) and classified as “well-capitalized” and
within supervisory subgroup “A” (or a comparable successor risk classification) within the meaning
of 12 C.F.R. Part 327 (or any successor provision) to the FDIC (or any successor) for the FDIC’s
(or such successor’s) insuring of time deposits made in dollars at the offices of such member in
the United States; provided that if, as a result of any change in any law, rule or

3

 

regulation, it is no longer possible to determine the Assessment Rate as aforesaid, then the
Assessment Rate shall be such annual rate as shall be determined by the Administrative Agent to be
representative of the cost of such insurance to the Lenders.

     “Assignee”: as defined in subsection 12.6(c).

     “Assignment and Acceptance”: such Assignment and Acceptance, substantially in the
form of Exhibit H hereto, executed and delivered pursuant to subsection 12.6(c).

     “Available Foreign Currencies”: euro, Pounds Sterling, Danish Kroner, Japanese Yen,
Swedish Krona, Swiss Francs, Hong Kong Dollars, Canadian Dollars, Singapore Dollars, and any other
available and freely-convertible foreign currency selected by the Company and approved by the
Administrative Agent in the manner described in subsection 12.1(b).

     “Base CD Rate”: the sum of (a) the Three-Month Secondary CD Rate multiplied by the
Statutory Reserve Rate plus (b) the Assessment Rate.

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

     “Borrowing Date”: any Business Day on which a Loan is to be made at the request of
the Company under this Agreement.

     “Business”: as defined in subsection 6.17.

     “Business Day”: (a) when such term is used in respect of any amounts denominated or
to be denominated in (i) any Available Foreign Currency, a London Banking Day which is also a day
on which banks are open for general banking business in (x) the city which is the principal
financial center of the country of issuance of such Available Foreign Currency, (y) in the case of
euro only, Frankfurt am Main, Germany (or such other principal financial center as the
Administrative Agent may from time to time nominate for this purpose) and (z) New York City and
(ii) Dollars, (x) in the case of a Eurocurrency Loan, any fundings, disbursements, payments and
settlements in respect of any such Eurocurrency Loan, or any other dealings to be carried out
pursuant to any Loan Document in respect of any such Eurocurrency Loan, a London Banking Day which
is also a day other than a Saturday or Sunday on which banks are open for general banking business
in New York City, and (y) in the case of an ABR Loan, any fundings, disbursements, payments and
settlements in respect of any such Eurocurrency Loan, or any other dealings to be carried out
pursuant to any Loan Document in respect of any such ABR Loan, a day other than a Saturday or
Sunday on which banks are open for general banking business in New York City, (b) when such term is
used for the purpose of determining the date on which the Eurocurrency Rate is determined under
this Agreement for any Loan denominated in euro for any Interest Period therefor and for purposes
of determining the first and last day of any Interest Period, references in this Agreement to
Business Days shall be deemed to be references to Target Operating Days and (c) when such term is
used to describe a day on which a request is to be made to an Issuing Bank for issuance of a Letter
of Credit or on which a Letter of Credit is to be issued, such term shall mean a day other than a
Saturday, Sunday or other day on which commercial banks in the city in which such Issuing Bank’s
Issuing Office is located.

4

 

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

     “Cash Equivalents”: (a) marketable direct obligations with maturities of one year or
less from the date of acquisition issued by or fully guaranteed or insured by (i) the United States
Government or any agency or instrumentality thereof or (ii) any member state of the European Union;
(b) marketable general obligations issued or fully guaranteed by any state, commonwealth or
territory of the United States of America or any political subdivision, agency or taxing authority
of any such state, commonwealth or territory or any public instrumentality thereof or any other
foreign government or any agency or instrumentality thereof maturing within one year from the date
of acquisition thereof and, at the time of acquisition, which are rated at least A- by S&P or A-1
by Moody’s; (c) certificates of deposit, time deposits, eurodollar time deposits, overnight bank
deposits, bankers’ acceptances and repurchase agreements having maturities of one year or less from
the date of acquisition issued, and money market deposit accounts issued or offered, by any Lender
or by any commercial bank organized under the laws of the United States of America or any state
thereof or foreign commercial bank of recognized standing having combined capital and surplus of
not less than $100,000,000 or any bank (or the parent company of any such bank) whose short-term
commercial paper rating from S&P is at least A-1 or from Moody’s is at least P-2 or an equivalent
rating from another rating agency; (d) commercial paper of an issuer rated at least A-1 by S&P or
P-1 by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if both
of the two named rating agencies cease publishing ratings of investments, and, in either case,
maturing within one year from the date of acquisition; (e) repurchase obligations of any Lender or
of any commercial bank satisfying the requirements of clause (c) of this definition, having a term
of not more than 30 days, with respect to notes or other securities described in clause (a) of this
definition; (f) any notes or other debt securities or instruments issued by any Person, (i) the
payment and performance of which is premised upon (A) securities issued by any state, commonwealth
or territory of the United States of America or any political subdivision or taxing authority of
such state, commonwealth or territory or any public instrumentality or agency thereof or any
foreign government or (B) loans originated or acquired by any other Person pursuant to a plan or
program established by any Governmental Authority that requires the payment of not less than 95% of
the outstanding principal amount of such loans to be guaranteed by (1) a specified Governmental
Authority or (2) any other Person (provided that all or substantially all of such guarantee
payments made by such Person are contractually required to be reimbursed by any other Governmental
Authority), (ii) that are rated at least AAA by S&P and Aaa by Moody’s and (iii) which are disposed
of by the Company or any Restricted Subsidiary within one (1) year after the date of acquisition
thereof; (g) shares of money market, mutual or similar funds that (i) invest in assets satisfying
the requirements of clauses (a) through (f) (or any of such clauses) of this definition, and (ii)
have portfolio assets of at least $1,000,000,000; (h) any other Investment which constitutes a
“cash equivalent” under GAAP as in effect from time to time; and (i) any other notes, securities or
other instruments or deposit-based products consented to in writing by the Administrative Agent.

     “Change of Control”: an event or series of related events by which (i) any “person”
or “group” (as such terms are defined in Sections 13(d) and 14(d) of the Securities Exchange Act of

5

 

1934, as amended), other than the Permitted Investor, is or becomes the “beneficial owner” (as
defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person shall be deemed to
have “beneficial ownership” of all shares that any such Person has the right to acquire without
condition, other than passage of time, whether such right is exercisable immediately or only after
the passage of time), directly or indirectly, of more than 50% of the total voting power of the
then outstanding Voting Stock of the Company or (ii) the Company consolidates with or merges into
another corporation or conveys, transfers or leases all or substantially all of its properties and
assets (determined on a consolidated basis for the Company and its Subsidiaries taken as a whole)
to any Person; provided, however, that notwithstanding anything to the contrary in this
definition, transfer of beneficial ownership of shares held by the Permitted Investor upon the
death of the Permitted Investor to the heirs and devisees of the Permitted Investor shall not
constitute a Change of Control.

     “Closing Date”: the date on or before June 30, 2005 on which the conditions precedent
set forth in subsection 7.1 shall be satisfied.

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

     “Commercial Letter of Credit”: as defined in subsection 4.1(b).

     “Commitment”: as to any Lender, the obligation of such Lender to make and/or acquire
participating interests in Loans and issue and/or acquire participating interests in Letters of
Credit hereunder in an aggregate Dollar Equivalent Amount at any one time outstanding not to exceed
the amount set forth opposite such Lender’s name on Schedule I, as such amount may be
changed from time to time in accordance with the provisions of this Agreement.

     “Commitment Increase Notice”: as defined in subsection 2.10(a).

     “Commitment Percentage”: as to any Lender at any time, the percentage which such
Lender’s Commitment then constitutes of the aggregate Commitments (or, at any time after the
Commitments shall have expired or terminated, the percentage which the amount of such Lender’s
Exposure then outstanding constitutes of the aggregate amount of the Exposure of all the Lenders
then outstanding).

     “Commitment Period”: the period from and including the Closing Date to but not
including the Termination Date or such earlier date on which the Commitments shall terminate as
provided herein.

     “Committed Rate Loan”: as defined in subsection 2.1; a Committed Rate Loan bearing
interest based upon the ABR shall be a “Committed Rate ABR Loan”, and a Committed Rate Loan
bearing interest based upon the Eurocurrency Rate shall be a “Committed Rate Eurocurrency
Loan”.

     “Commonly Controlled Entity”: any entity which is under common control with the
Company within the meaning of Section 4001(a)(14) of ERISA or is part of a group which includes the
Company and which is treated as a single employer under Section 414(b) or (c) of the Code or, for
purposes of Section 412 of the Code, Section 414(m) or (o) of the Code.

6

 

     “Company Obligations”: the unpaid principal of and interest on the Loans made to
the Company, all Reimbursement Obligations in respect of Letters of Credit issued for the account
of the Company and all other financial liabilities of the Company to the Administrative Agent, any
Issuing Bank or any Lender (including, without limitation, interest accruing after the maturity or
earlier acceleration of the Loans and interest accruing at the then-applicable rate provided in
this Agreement after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Company, whether or not a claim for
post-filing or post petition interest is allowed in such proceeding), whether direct or indirect,
absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise
under, out of, or in connection with, this Agreement, the Loans, the Letters of Credit, or any
other document made, delivered or given in connection therewith, in each case whether on account of
principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including,
without limitation, all fees and disbursements of counsel to the Administrative Agent, any Issuing
Bank or any Lender) or otherwise.

     “Competitive Advance Loan”: as defined in subsection 3.1.

     “Competitive Bid Notice”: a notice in substantially the form of Exhibit C
hereto.

     “Competitive Bid Request”: a notice in substantially the form of Exhibit D
hereto.

     “Consolidated Capitalization”: at any date, the sum of (i) Consolidated Tangible Net
Worth and (ii) Consolidated Total Debt.

     “Consolidated EBITDA”: for any period, Consolidated Net Income for such period,
plus, to the extent reflected as a charge in the statement of such Consolidated Net Income
for such period, the sum of (a) taxes, (b) interest, (c) amortization or write-off of debt discount
and debt issuance costs and commissions, discounts and other fees and charges associated with
Indebtedness (including the Loans), (d) depreciation and amortization, (e) amortization of
intangibles (including but not limited to goodwill) and organization costs, (f) any extraordinary,
unusual or non-recurring expenses or losses (including, whether or not otherwise includable as a
separate item in the statement of such Consolidated Net Income for such period, non-cash losses on
Dispositions outside the ordinary course of business) and (g) any other non-cash charges, and
minus, to the extent included in determining Consolidated Net Income for such period, any
extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise
includable as a separate item in the statement of Consolidated Net Income for such period, gains on
Dispositions outside of the ordinary course of business).

     “Consolidated Interest Expense”: for any period, the amount of interest expense with
respect to all Indebtedness for borrowed money of the Company and its consolidated Subsidiaries to
the extent deducted in determining Consolidated Net Income for such period in accordance with GAAP
(excluding amortization of debt discount and premium).

     “Consolidated Net Income”: for any period, the net income of the Company and its
Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

     “Consolidated Tangible Net Worth”: at any time, (a) the consolidated common and
preferred stockholders’ equity of the Company and its consolidated Subsidiaries at such time

7

 

delivered pursuant to subsection 8.1(b) plus (b) the cumulative amount by which
stockholders’ equity of any such Person shall have been reduced by reason of non-cash write-downs
of long-term assets from and after the Closing Date minus (c) the cumulative amount by
which stockholders’ equity of any such Person shall have been increased by reason of non-cash
write-ups of long-term assets from and after the Closing Date.

     “Consolidated Total Assets”: at any date, the aggregate amount of the assets of the
Company and its consolidated Subsidiaries at such date, determined on a consolidated basis in
accordance with GAAP.

     “Consolidated Total Debt”: at any date, without duplication, the aggregate principal
amount of all Indebtedness (including the current portion thereof) of the Company and its
consolidated Subsidiaries at such date (but excluding (x) any Indebtedness owing by (A) the
Company to any Subsidiary and (B) any Subsidiary to the Company or any other Subsidiary and (y)
Guarantee Obligations (except to such extent any amounts are due and payable at such date)),
determined on a consolidated basis in accordance with GAAP.

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

     “Credit Re-Allocation Date”: as defined in subsection 2.10(d).

     “Currencies”: the collective reference to Dollars and the Available Foreign
Currencies.

     “Default”: any event or condition that upon notice, the lapse of time, or both, would
constitute an Event of Default.

     “Disposition” has the meaning specified in subsection 9.5.

     “Dollar Equivalent Amount”: with respect to the amount of any Available Foreign
Currency on any date, the equivalent amount in Dollars of such amount of Available Foreign
Currency, as determined by the Administrative Agent on such date using the Exchange Rate.

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

     “EMU”: Economic and Monetary Union as contemplated in the Treaty on European Union.

     “EMU Legislation”: the legislative measures of the European Council (including
European Council regulations) for the introduction of, changeover to or operation of a single or
unified European currency (whether known as the euro or otherwise), being in part the
implementation of the third stage of EMU.

     “Environmental Laws”: any and all material, foreign, Federal, state, local or
municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees, enforceable
requirements of any Governmental Authority or other Requirements of Law (including common law)
regulating, relating to or imposing liability or standards of conduct concerning protection of
human health or

8

 

the environment, as now or may at any time hereafter be in effect, in each case that is
applicable to the Company or any of its Subsidiaries.

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

     “euro”: the single currency of Participating Member States of the European Union in
accordance with the EMU Legislation.

     “Eurocurrency Loan”: any Loan bearing interest based upon a Eurocurrency Rate.

     “Eurocurrency Rate”: in respect of each Currency, the rate determined as the
Eurocurrency Rate for such Currency in the manner set forth in the Administrative Schedule.

     “Event
of Default”: any of the events specified in Section 10,
provided that any
requirement for the giving of notice, the lapse of time, or both, or any other condition, has been
satisfied.

     “Exchange Rate”: with respect to any Available Foreign Currency on any date, the rate
at which such Available Foreign Currency may be exchanged into Dollars, as set forth on such date
on the applicable Reuters currency page with respect to such currency at or about 11:00 A.M. London
time on such date. In the event that such rate does not appear on the applicable Reuters currency
page, the “Exchange Rate” with respect to such Available Foreign Currency shall be determined by
reference to such other publicly available service for displaying exchange rates as may be agreed
upon by the Administrative Agent and the Company or, in the absence of such agreement, such
“Exchange Rate” shall instead be the Administrative Agent’s spot rate of exchange in the London
interbank market or other market where its foreign currency exchange operations in respect of such
Available Foreign Currency are then being conducted, at or about 10:00 A.M., local time, at such
date for the purchase of Dollars with such Available Foreign Currency, for delivery two Business
Days later; provided, that if at the time of any such determination, no such spot rate can
reasonably be quoted, the Administrative Agent may in consultation with the Company use any
reasonable method as it deems applicable to determine such rate, and such determination shall be
conclusive absent manifest error.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
the Company 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 the Company is located and (c) in the
case of a Non-U.S. Lender, any withholding tax that is imposed on amounts payable to such Non-U.S.
Lender at the time such Non-U.S. Lender becomes a party hereto (or designates a new lending office)
or is attributable to such Non-U.S. Lender’s failure or inability to comply with subsection 5.5,
except to the extent that such Non-U.S. Lender (or its assignor, if any) was entitled, at the time
of designation of a new lending office (or assignment), to receive

9

 

additional amounts from the Company with respect to such withholding tax pursuant to
subsection 5.5.

     “Exposure”: at any date, the aggregate Dollar Equivalent Amount of (a) all Loans then
outstanding and (b) all L/C Obligations then outstanding.

     “Extensions of Credit”: the collective reference to Loans made and Letters of Credit
issued under this Agreement.

     “Facility Fee Rate”: for each day during each fiscal quarter of the Company, the rate
per annum set forth below opposite the applicable Ratings category in effect during the immediately
preceding fiscal quarter:

	 	 	 	 	 	 	 
	Pricing Level	 	Ratings	 	Facility Fee
	(from highest	 	(S&P/Moody’s)	 	(basis points)
	to lowest)	 	 	 	 	 	 
	1

	 	A- or A3 or higher
	 	 	8.0	 
	 
	 	 	 	 	 	 
	2

	 	BBB+ or Baa1
	 	 	10.0	 
	 
	 	 	 	 	 	 
	3

	 	BBB or Baa2
	 	 	12.5	 
	 
	 	 	 	 	 	 
	4

	 	BBB- or Baa3
	 	 	15.0	 
	 
	 	 	 	 	 	 
	5

	 	BB+ or Ba1
	 	 	17.5	 
	 
	 	 	 	 	 	 
	6

	 	Lower than BB+ or Ba1
	 	 	22.5	 

     For purposes of the foregoing: (a) if the Rating issued by Moody’s and the Rating issued by
S&P shall fall within different Pricing Levels (but not more than one (1) Pricing Level apart),
then the Facility Fee shall be determined by reference to the higher Pricing Level (e.g., if the
Rating issued by S&P is in Pricing Level 1 and the Rating issued by Moody’s is in Pricing Level 2,
then the Facility Fee shall be determined by reference to Pricing Level 1); (b) if the Rating
issued by Moody’s and the Rating issued by S&P shall fall within different Pricing Levels (and by
more than one (1) Pricing Level apart), then the Facility Fee shall be determined by reference to
the Pricing Level that is one (1) Pricing Level higher than the lower Pricing Level (e.g., if the
Rating issued by S&P is in Pricing Level 1 and the Rating issued by Moody’s is in Pricing Level 4,
then the Facility Fee shall be determined by reference to Pricing Level 3); (c) if either Moody’s
or S&P shall not have in effect a Rating (other than by reason of the circumstances referred to in
the last sentence of this paragraph), then such rating agency shall be deemed to have established a
rating in Pricing Level 6; and (d) if either Moody’s or S&P no longer publishes ratings and the
Company and the Administrative Agent cannot agree on another ratings agency to replace Moody’s or
S&P, as the case may be, then the Rating issued by Moody’s or the Rating issued by S&P which is
still being published, as the case may be, shall be deemed to be the Rating. If the rating system
of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business
of rating corporate debt obligations, the Company and the Lenders shall negotiate in good faith to
amend this definition to reflect such changed rating system or the unavailability of ratings from
such rating agency and pending the

10

 

effectiveness of any such amendment, the Facility Fee shall be determined by reference to the
rating most recently in effect prior to such change or cessation.

     “Federal Funds Effective Rate”: for any day, the rate of interest per annum (rounded
upwards, if necessary, to the next 1/100 of 1%) of the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds
brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York,
or, if such rate is not so published for any day that is a Business Day, the average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such
transactions received by the Administrative Agent from three Federal funds brokers of recognized
standing selected by it.

     “Fee Letter”: the letter agreement, dated May 13, 2005, among the Company, J.P.
Morgan Securities Inc. and JPMorgan Chase Bank, N.A.

     “Funding Office”: for each Type of Loan and each Currency, the Funding Office set
forth in respect thereof in the Administrative Schedule.

     “Funding Time”: for each Type of Loan and each Currency, the Funding Time set forth
in respect thereof in the Administrative Schedule.

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

     “Governmental Authority”: any nation or government, any state or other political
subdivision thereof and any entity exercising applicable executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government.

     “Guarantee Obligation”: as to any Person, any obligation, contingent or otherwise of
such Person guaranteeing any Indebtedness of any other third Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including, without limitation, any obligation of
the guaranteeing Person (i) to purchase any such Indebtedness or any property constituting direct
or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of
any such Indebtedness or (2) to maintain working capital or equity capital of the primary obligor
or otherwise to maintain the net worth or solvency of the primary obligor so as to enable such
primary obligor to pay such Indebtedness, (iii) to purchase property, securities or services for
the purpose of assuring the owner of any such Indebtedness of the ability of the primary obligor to
make payment of such Indebtedness or (iv) otherwise to protect the owner of any such Indebtedness
against loss in respect thereof; provided, however, that the term Guarantee
Obligation shall not include (x) any liability by endorsement of instruments for deposit or
collection or similar transactions in the ordinary course of business, (y) indemnification
obligations of the Company or any of its Subsidiaries entered into in the ordinary course of
business or (z) obligations of the Company or any of its Subsidiaries under arrangements entered
into in the ordinary course of business whereby the Company or such Subsidiary sells goods or
inventory to other Persons under agreements obligating the Company or such Subsidiary to repurchase
such goods or inventory, at a price not exceeding the original sale price, upon the occurrence of
certain specified events. The amount of any Guarantee Obligation of any

11

 

guaranteeing Person at any time shall be deemed to be the lower of (a) an amount equal to the
stated or determinable amount of the Indebtedness in respect of which such Guarantee Obligation is
made at such time and (b) the maximum amount for which such guaranteeing Person may be liable
pursuant to the terms of the instrument embodying such Guarantee Obligation at such time, unless
such Indebtedness and such maximum amount for which such guaranteeing Person may be liable are not
stated or determinable, in which case the amount of such Guarantee Obligation shall be such
guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by
the Company in good faith at such time; provided, however, that for purposes of
this definition the liability of the guaranteeing Person with respect to any obligation as to which
a third Person or Persons are jointly or jointly and severally liable as a guarantor or otherwise
as contemplated hereby and have not defaulted on its or their portions thereof shall be only as to
its pro rata portion of such obligation.

     “Indebtedness”: of any Person at any date, without duplication, all indebtedness of
such Person (other than current trade liabilities and indemnification obligations incurred in the
ordinary course of business), as reflected on the balance sheet of such Person prepared in
accordance with GAAP and all Guarantee Obligations of such Person, except that where such
indebtedness or Guarantee Obligation of such Person is made jointly, or jointly and severally, with
any third party or parties other than any consolidated Subsidiary of such Person, the amount
thereof for the purpose of this definition only shall be the pro rata portion thereof payable by
such Person, so long as such third party or parties have not defaulted on its or their joint and
several portions thereof.

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

     “Insolvent”: pertaining to a condition of Insolvency.

     “Intellectual Property”: as defined in subsection 6.9.

     “Interest Coverage Ratio”: for any period of four consecutive fiscal quarters,
Consolidated EBITDA divided by Consolidated Interest Expense for such period.

     “Interest Payment Date”: (a) as to any ABR Loan, the last day of each March, June,
September and December to occur while such Loan is outstanding, and on the Termination Date (b) as
to any Committed Rate Eurocurrency Loan having an Interest Period of three months or less, the last
day of such Interest Period, (c) as to any Committed Rate Eurocurrency Loan having an Interest
Period longer than three months, each day which is three months after the first day of such
Interest Period and the last day of such Interest Period and (d) as to any Competitive Advance
Loan, the date or dates agreed upon by the Company and the Lender at the time the terms of such
Competitive Advance Loan are determined as provided in Section 3.

     “Interest Period”: with respect to any Committed Rate Eurocurrency Loan:

     (i) initially, the period commencing on the borrowing, continuation or
conversion date, as the case may be, with respect to such Eurocurrency Loan and
ending one, two, three or six (or, if agreed to by all Lenders, nine or twelve)
months thereafter, as selected by the Company in its Notice of Borrowing, Notice

12

 

of Continuation or Notice of Conversion, as the case may be, given with respect
thereto; and

     (ii) thereafter, each period commencing on the last day of the next preceding
Interest Period applicable to such Eurocurrency Loan and ending one, two, three or
six (or, if agreed to by all Lenders, nine or twelve) months thereafter, as selected
by the Company by a Notice of Continuation with respect thereto;

provided that, all of the foregoing provisions relating to Interest Periods are subject to
the following:

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

     (2) any Interest Period that would otherwise extend beyond the Termination Date
shall end on the Termination Date; and

     (3) any Interest Period that begins on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the
calendar month at the end of such Interest Period) shall end on the last Business
Day of a calendar month.

     “Investments” has the meaning specified in subsection 9.7.

     “ISP”: the “International Standby Practices 1998” as published by the Institute of
International Banking Law and Practice (or such later version thereof as may be in effect from time
to time).

     “Issuing Bank”: each Lender listed as an Issuing Bank in Schedule V.

     “Issuing Office”: in respect of each Issuing Bank, the Issuing Office set forth for
such Issuing Bank in Schedule V.

     “JPMorgan Chase”: JPMorgan Chase Bank, N.A.

     “Judgment Currency”: as defined in subsection 12.8(b).

     “L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate then
undrawn and unexpired amount of the then outstanding Letters of Credit, (b) the aggregate amount of
drawings under Letters of Credit which have not then been reimbursed pursuant to subsection 4.5(a)
and (c) the face amount of each outstanding and accepted Time Draft.

13

 

     “L/C Participant”: in respect of each Letter of Credit, each Lender (other than the
Issuing Bank in respect of such Letter of Credit) in its capacity as the holder of a participating
interest in such Letter of Credit.

     “Letter of Credit”: as defined in subsection 4.1(b)(i).

     “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including, without limitation, any conditional sale or other title retention agreement).

     “Loan”: any Committed Rate Loan or Competitive Advance Loan made by any Lender
pursuant to this Agreement.

     “Loan Documents”: this Agreement and each Application.

     “London Banking Day”: any day on which banks in London are open for general banking
business, including dealings in foreign currency and exchange.

     “Majority Lenders”: at any time, Lenders the Commitment Percentages of which
aggregate more than 50%.

     “Material Adverse Effect”: a material adverse effect on (a) the business, operations,
property or condition (financial or otherwise) of the Company and its Subsidiaries taken as a whole
or (b) the validity or enforceability of this or any of the other Loan Documents or the rights or
remedies of the Administrative Agent or the Lenders hereunder or thereunder.

     “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or
wastes, defined or regulated as such in or under any Environmental Law, including, without
limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.

     “Moody’s”: means Moody’s Investors Services, Inc., or any successor or assignee of
the business of such company in the business of rating debt.

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

     “New Lender”: as defined in subsection 2.10(b).

     “Non-Excluded Taxes”: as defined in subsection 5.5(a).

     “Non-U.S. Lender”: as defined in subsection 5.5(b).

     “Notice of Borrowing”: with respect to a Loan of any Type in any Currency, a notice
in substantially the form of Exhibit E hereto from the Company in respect of such Loan,
containing the information in respect of such Loan and delivered to the Person, in the manner and
by the

14

 

time specified for a Notice of Borrowing in respect of such Currency and such Type of Loan in
the Administrative Schedule.

     “Notice of Competitive Advance Loan”: with respect to each Competitive Advance Loan
in any Currency, a notice from the Lender in respect of such Loan in substantially the form of
Exhibit F hereto, containing the information in respect of such Loan and delivered to the
Person, in the manner and by the time specified for a Notice of Competitive Advance Loan in the
Administrative Schedule.

     “Notice of Continuation”: with respect to a Committed Rate Loan in any Currency, a
notice in substantially the form of Exhibit G hereto from the Company in respect of such
Loan, containing the information in respect of such Loan and delivered to the Person, in the manner
and by the time specified for a Notice of Continuation in respect of such Currency in the
Administrative Schedule.

     “Notice of Conversion”: with respect to a Committed Rate Loan in Dollars which the
Company wishes to convert from a Eurocurrency Loan to an ABR Loan, or from an ABR Loan to a
Eurocurrency Loan, as the case maybe, a notice in substantially the form of Exhibit G
hereto from the Company setting forth the amount of such Loan to be converted, the date of such
conversion (which, in the case of conversions of Eurocurrency Loans to ABR Loans, shall be the last
day of an Interest Period applicable to such Eurocurrency Loans) and, in the case of conversions of
ABR Loans to Eurocurrency Loans, the length of the initial Interest Period applicable thereto.
Each Notice of Conversion shall be delivered to the Administrative Agent at its address set forth
in subsection 12.2 and shall be delivered before 11:00 A.M., New York City time, one Business Day
before the requested conversion in the case of conversions to ABR Loans, and before 11:00 A.M., New
York City time, three Business Days before the requested conversion in the case of conversions to
Eurocurrency Loans.

     “Offered Increase Amount”: as defined in subsection 2.10(a).

     “Participant”: as defined in subsection 12.6(b).

     “Participating Member States”: each country that adopts or has adopted the euro as
its currency in accordance with EMU Legislation.

     “Payment Office”: for each Type of Loan and each Currency, the Payment Office set
forth in respect thereof in the Administrative Schedule.

     “Payment Time”: for each Type of Loan and each Currency, the Payment Time set forth
in respect thereof in the Administrative Schedule.

     “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA.

     “Permitted Business Acquisitions”: Acquisitions pursuant to which : (i) no Default
or Event of Default shall have occurred and be continuing after giving effect to such Acquisition,
(ii) such Acquisition shall be consummated in accordance with applicable laws, (iii) 50% of the
outstanding Capital Stock or other ownership interests of any acquired or newly formed Person

15

 

must be owned directly by the Company or a Restricted Subsidiary and such Person shall become
a Restricted Subsidiary hereunder, and (iv) the Company shall be in compliance, on a pro forma
basis, with the financial covenants contained in subsection 9.1 recomputed as at the last day of
the most recently ended fiscal quarter of the Company, and the Company shall have delivered to the
Administrative Agent an officers’ certificate to such effect.

     “Permitted Investor”: Sidney Harman, Executive Chairman and Chairman of the Board of
Directors of the Company on the date hereof.

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

     “Plan”: at a particular time, any employee benefit plan (as defined in Section 3(3)
of ERISA) which is covered by ERISA and in respect of which the Company or a Commonly Controlled
Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA.

     “Prime Rate”: the rate of interest per annum publicly announced from time to time by
JPMorgan Chase as its prime rate in effect at its principal office in New York City; each change in
the Prime Rate shall be effective from and including the date such change is publicly announced as
being effective.

     “Properties”: as defined in subsection 6.17(a).

     “Quotation Day”: in respect of the determination of the Eurocurrency Rate for any
Interest Period for loans in any Available Foreign Currency (other than the euro), the day which is
(i) at least two London Banking Days prior to the first day of such Interest Period and (ii) a day
on which banks are open for general banking business in the city which is the principal financial
center of the country of such Available Foreign Currency; and the Quotation Day in respect of any
Interest Period for the euro is the day which is two Target Operating Days prior to the first day
of such Interest Period.

     “Ratings”: the actual senior long-term unsecured non-credit enhanced debt ratings of
the Company in effect from time to time by Moody’s or S&P, as the case may be.

     “Register”: as defined in subsection 12.6(d).

     “Regulation U”: Regulation U of the Board of Governors of the Federal Reserve System
as in effect from time to time.

     “Reimbursement Obligation”: in respect of each Letter of Credit, the obligation of
the account party thereunder to reimburse the Issuing Bank for all drawings made thereunder in
accordance with Section 5 and the Application related to such Letter of Credit.

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

16

 

     “Reportable Event”: any of the events set forth in Section 4043 of ERISA or in the
regulations thereunder with regard to a Plan (excluding those events as to which the thirty (30)
day notice period is waived).

     “Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws
or other organizational or governing documents of such Person, and any material law, treaty, rule
or regulation or determination of an arbitrator or a court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its property or to which such Person or
any of its property is subject.

     “Responsible Officer”: the chief executive officer, the president, or the chief
financial officer of the Company.

     “Restricted Payments”: has the meaning specified in subsection 9.6.

     “Restricted Subsidiary”: any Subsidiary listed in Schedule IV, as amended or
supplemented from time to time pursuant to subsection 12.1.

     “S&P”: Standard and Poor’s Ratings Group, a division of McGraw Hill, Inc. or any
successor or assignee of the business of such division in the business of rating debt.

     “Sale and Lease-Back Transaction”: as defined in subsection 9.9.

     “Schedule Amendment”: each Schedule Amendment, substantially in the form of
Exhibit A hereto, executed and delivered pursuant to subsection 12.1.

     “Single Employer Plan”: a single employer plan, as defined in Section 4001(a)(15) of
ERISA, that is subject to Title IV of ERISA and (a) is maintained for employees of the Company or
any Commonly Controlled Entity and no Person other than the Company and any Commonly Controlled
Entity or (b) was so maintained and in respect of which the Company or a Commonly Controlled Entity
could have liability under Section 4069 of ERISA in the event such plan has been or has to be
terminated.

     “Standby Letter of Credit”: as defined in subsection 4.1(b).

     “Statutory Reserve Rate”: a fraction (expressed as a decimal), the numerator of which
is the number one and the denominator of which is the number one minus the aggregate of the maximum
reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed
as a decimal established by the Board to which the Administrative Agent is subject (a) with respect
to the Base CD Rate, for new negotiable nonpersonal time deposits in dollars of over $100,000 with
maturities approximately equal to three months and (b) with respect to the Adjusted Eurocurrency
Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D
of the Board). Such reserve percentages shall include those imposed pursuant to such Regulation D.
Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such
reserve requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any comparable regulation.
The Statutory Reserve Rate shall

17

 

be adjusted automatically on and as of the effective date of any change in any reserve
percentage.

     “Subordinated Debt”: any unsecured Indebtedness of any Restricted Subsidiary (other
than Indebtedness outstanding on the date hereof and described on Schedule 9.2) no part of the
principal of which is required to be paid (whether by way of mandatory sinking fund, mandatory
redemption or mandatory prepayment or otherwise) prior to the Termination Date.

     “Subsidiary”: as to any Person, a corporation, partnership or other entity of which
shares of stock or other ownership interests having ordinary voting power (other than stock or such
other ownership interests having such power only by reason of the happening of a contingency) to
elect a majority of the board of directors or other managers of such corporation, partnership or
other entity are at the time owned, or the management of which is otherwise controlled, directly or
indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a
Subsidiary or Subsidiaries of the Company.

     “Target Operating Day”: any day that is not (a) a Saturday or Sunday, (b) Christmas
Day or New Year’s Day or (c) any other day on which the Trans-European Real-time Gross Settlement
Operating System (or any successor settlement system) is not operating (as determined by the
Administrative Agent).

     “Termination Date”: June 28, 2010.

     “Three-Month Secondary CD Rate”: for any day, the secondary market rate for
three-month certificates of deposit reported as being in effect on such day (or, if such day is not
a Business Day, the next preceding Business Day) by the Board through the public information
telephone line of the Federal Reserve Bank of New York (which rate will, under the current
practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the
week following such day) or, if such rate is not so reported on such day or such next preceding
Business Day, the average of the secondary market quotations for three-month certificates of
deposit of major money center banks in New York City received at approximately 10:00 a.m., New York
City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day)
by the Administrative Agent from three negotiable certificate of deposit dealers of recognized
standing selected by it.

     “Time Draft”: as defined in subsection 4.9.

     “Tranche”: the collective reference to Committed Rate Eurocurrency Loans in any
Currency the then current Interest Periods with respect to all of which begin on the same date and
end on the same later date (whether or not such Loans shall originally have been made on the same
day).

     “Transferee”: as defined in subsection 12.6(f).

     “Treaty on European Union”: the Treaty of Rome of March 25, 1957, as amended
by the Single European Act of 1986 and the Maastricht Treaty (which was signed at Maastricht on
February 7, 1992 and came into effect on November 1, 1993), as amended from time to time.

18

 

     “Type”: in respect of any Loan, its character as a Committed Rate Loan or Competitive
Advance Loan, as the case may be.

     “Uniform Customs”: the Uniform Customs and Practice for Documentary Credits (1993
Revision), International Chamber of Commerce Publication No. 500, as the same may be amended,
supplemented or otherwise modified from time to time.

     “Value”: with respect to any Sale and Lease-Back Transaction, as of any particular
time, an amount equal to (a) the fair market value of such property at the time of entering into
such Sale and Lease-Back Transaction, (b) divided first by the number of full years of the
term of the lease relating to such Sale and Lease-Back Transaction, and (c) then multiplied
by the number of full years of such term remaining at the time of determination, without regard to
any renewal or extension options contained in the lease.

     “Voting Stock”: stock of the class or classes pursuant to which the holders thereof
have the general voting power under ordinary circumstances to elect at least a majority of the
Board of Directors of the Company (irrespective of whether or not at the time stock of any other
class or classes shall have or might have voting power by reason of the happening of any
contingency).

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

          (b) As used herein and in any certificate or other document made or delivered pursuant hereto,
accounting terms relating to the Company and its Subsidiaries not defined in subsection 1.1 and
accounting terms partly defined in subsection 1.1, to the extent not defined, shall have the
respective meanings given to them under GAAP.

          (c) The words “hereof’, “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless
otherwise specified. References to Schedules to this Agreement are references to such Schedules as
the same may from time to time be amended or otherwise modified in accordance with the terms
hereof.

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

SECTION 2

THE COMMITTED RATE LOANS

     2.1. Committed Rate Loans. (a) Subject to the terms and conditions hereof, each Lender severally agrees to make loans
on a revolving credit basis (“Committed Rate Loans”) to the Company from time to time during the
Commitment Period; provided, that no Committed Rate Loan shall be made if, after giving effect to
the making of such Loan and the simultaneous

19

 

application of the proceeds thereof, the amount of the
Exposure would exceed the aggregate amount of the Commitments. During the Commitment Period the
Company may use the Commitments by borrowing, prepaying the Committed Rate Loans in whole or in
part, and reborrowing, all in accordance with the terms and conditions hereof.

          (b) The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may
from time to time be (i) Committed Rate Eurocurrency Loans, (ii) in the case of Committed Rate
Loans in Dollars only, Committed Rate ABR Loans or (iii) a combination thereof, as determined by
the Company and set forth in the Notice of Borrowing or Notice of Conversion with respect thereto;
provided, that no Committed Rate Eurocurrency Loan shall be made after the day that is one month
prior to the Termination Date.

     2.2. Procedure for Committed Rate Loan Borrowing. The Company may request the Lenders
to make Committed Rate Loans on any Business Day during the Commitment Period by delivering a
Notice of Borrowing. Each borrowing of Committed Rate Loans shall be in an amount equal to (a) in
the case of ABR Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate undrawn
amount of the Commitments is less than $1,000,000, such lesser amount) and (b) in the case of
Eurocurrency Loans, (i) if in Dollars, $2,000,000 or increments of $500,000 thereafter, and (ii) if
in any Available Foreign Currency, an amount in such Available Foreign Currency of which the Dollar
Equivalent Amount is at least $2,000,000. Upon receipt of any such Notice of Borrowing from the
Company, the Administrative Agent shall promptly notify each Lender thereof. Subject to the terms
and conditions hereof, each Lender will make the amount of its pro rata share of each such
borrowing available to the Administrative Agent for the account of the Company at the Funding
Office, and at or prior to the Funding Time, for the Currency of such Loan in funds immediately
available to the Administrative Agent. Such borrowing will then be made available to the Company
at the Funding Office, in like funds as received by the Administrative Agent.

     2.3. Repayment of Committed Rate Loans; Evidence of Debt. (a) The Company hereby
unconditionally promises to pay to the Administrative Agent for the account of each Lender on the
Termination Date (or such earlier date on which the Loans become due and payable pursuant to
Section 10), the then unpaid principal amount of each Committed Rate Loan made by such Lender. The
Company hereby further agrees to pay interest on the unpaid principal amount of the Committed Rate
Loans made to the Company from time to time outstanding from the date hereof until payment in full
thereof at the rates per annum, and on the dates, set forth in subsection 2.8.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Company to such Lender resulting from each Committed Rate Loan of
such Lender from time to time, including the amounts of principal and interest payable and paid to
such Lender from time to time under this Agreement.

          (c) The Administrative Agent shall maintain the Register pursuant to subsection 12.6(d), and a
subaccount therein for each Lender, in which shall be recorded (i) the amount of each Committed
Rate Loan made hereunder and each Interest Period applicable thereto, (ii) the amount of any
principal or interest due and payable or to become due and payable from the Company to each Lender
under the Committed Rate Loans and (iii) the amount

20

 

of any sum received by the Administrative Agent
from the Company in respect of Committed Rate Loans, and the amount of each Lender’s share thereof.

          (d) The entries made in the Register and the accounts of each Lender maintained pursuant to
subsection 2.3(b) shall, to the extent permitted by applicable law, be prima facie
evidence of the existence and amounts of the obligations of the Company therein recorded;
provided, however, that the failure of any Lender or the Administrative Agent to
maintain the Register or any such account, or any error therein, shall not in any manner affect the
obligation of the Company to repay (with applicable interest) the Committed Rate Loans made to the
Company by such Lender in accordance with the terms of this Agreement.

     2.4. Termination or Reduction of Commitments. The Company shall have the right, upon
not less than four Business Days’ notice to the Administrative Agent, to terminate the Commitments
or, from time to time, to reduce the amount of the Commitments. Any such reduction shall be in an
amount equal to $5,000,000 or a whole multiple thereof and shall reduce permanently the Commitments
then in effect.

     2.5. Optional Prepayments. The Company may, at any time and from time to time, prepay
the Committed Rate Loans made to the Company, in whole or in part, without premium or penalty, upon
at least four Business Days’ irrevocable notice to the Administrative Agent, specifying the date
and amount of prepayment, the Currency of the Committed Rate Loans to be prepaid and whether the
prepayment is of Eurocurrency Loans, ABR Loans (in the case of Committed Rate Loans in Dollars) or
a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon
receipt of any such notice the Administrative Agent shall promptly notify each Lender thereof. If
any such notice is given, the amount specified in such notice shall be due and payable on the date
specified therein, together with any amounts payable pursuant to subsection 5.6. Partial
prepayments shall be in an aggregate principal amount of at least $1,000.000.

     2.6. Conversion and Continuation Options. (a) By giving a Notice of Conversion, the
Company may elect from time to time (i) to convert the Company’s Eurocurrency Loans in Dollars to
ABR Loans or (ii) to convert the Company’s ABR Loans to Eurocurrency Loans in Dollars; provided,
that any such conversion of Eurocurrency Loans may only be made on the last day of an Interest
Period with respect thereto. Upon receipt of any Notice of Conversion the Administrative Agent
shall promptly notify each Lender thereof. All or any part of Eurocurrency Loans outstanding in
Dollars or ABR Loans may be converted as provided in herein, provided that (i) no ABR Loan may be
converted into a Eurocurrency Loan when any Event of Default has occurred and is continuing and the
Administrative Agent has or the Majority Lenders have determined that such a conversion is not
appropriate and (ii) no ABR Loan may be converted into a Eurocurrency Loan after the date that
is one month prior to the Termination Date.

          (b) By giving a Notice of Continuation, the Company may continue any of its Eurocurrency Loans
as Eurocurrency Loans in the same Currency for additional Interest Periods.

          (c) The Company may convert Committed Rate Loans outstanding in one Currency to Committed Rate
Loans of a different Currency by repaying such Loans in the first

21

 

Currency and borrowing Loans of
such different Currency in accordance with the applicable provisions of this Agreement.

          (d) If the Company shall fail to timely give a Notice of Continuation or a Notice of
Conversion in respect of any of the Company’s Eurocurrency Loans with respect to which an Interest
Period is expiring, such Eurocurrency Loans shall become due and payable on the last day of such
expiring Interest Period; provided, that the Company may, in accordance with and subject to the
terms and conditions of this Agreement refinance such maturing Eurocurrency Loans on such maturity
date with Competitive Advance Loans.

     2.7. Minimum Amounts of Tranches. All borrowings, conversions and continuations of
Committed Rate Loans and all selections of Interest Periods shall be in such amounts and be made
pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of
the Loans comprising (i) each Tranche in Dollars shall be not less than $2,000,000 and (ii) each
Tranche in any Available Foreign Currency shall be not less than the Dollar Equivalent Amount in
such Currency of $2,000,000.

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

          (b) Each Committed Rate ABR Loan shall bear interest at a rate per annum equal to the ABR.

          (c) If all or a portion of (i) the principal amount of any Committed Rate Loan or (ii) any
interest payable thereon shall not be paid when due (whether at the stated maturity, by
acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is
(x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant
to the foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, the
rate described in paragraph (b) of this subsection plus 2%, in each case from the date of such
non-payment until such amount is paid in full (as well after as before judgment).

          (d) Interest on Committed Rate Loans shall be payable in arrears on each Interest Payment
Date; provided, that interest accruing pursuant to paragraph (c) of this subsection shall be
payable from time to time on demand.

     2.9. Inability to Determine Interest Rate. If on or prior to the Quotation Day for
any Interest Period in respect of any Eurocurrency Loan in any Currency:

          (a) the Administrative Agent shall have determined (which determination shall be conclusive
absent manifest error) that, by reason of circumstances affecting the relevant market generally,
the Administrative Agent cannot ascertain the Eurocurrency Rate in accordance with this Agreement
for such affected Currency or such affected Interest Period, or

          (b) the Administrative Agent shall have received notice from the Majority Lenders that the
Eurocurrency Rate determined or to be determined for such affected Interest Period will not
adequately and fairly reflect the cost to such Lenders (as conclusively certified by

22

 

such Lenders)
of making or maintaining their affected Committed Rate Loans during such affected Interest Period,

          (c) the Administrative Agent shall give telecopy or telephonic notice thereof to the Company
and the Lenders as soon as practicable thereafter. If such notice is given (x) any Eurocurrency
Loans requested to be made in such affected Currency on the first day of such affected Interest
Period shall be made as ABR Loans in Dollars in a Dollar Equivalent Amount, (y) any Committed Rate
Loans that were to have been converted on the first day of such affected Interest Period from ABR
Loans, to Eurocurrency Loans in such affected Currency, shall be continued as ABR Loans and (z) any
Eurocurrency Loans in such affected Currency that were to have been continued as such shall be
converted, on the first day of such Interest Period, to ABR Loans in Dollars in a Dollar Equivalent
Amount. Until such notice has been withdrawn by the Administrative Agent, no further Eurocurrency
Loans in such affected Currency shall be made or continued as such.

     2.10. Commitment Increases. (a) In the event that the Company wishes to increase the
total Commitment at any time and from time to time when no Default or Event of Default has occurred
and is continuing, it shall notify the Administrative Agent in writing of the amount (the
“Offered Increase Amount”) of such proposed increase (each such notice, a “Commitment
Increase Notice”). The Company may, at its election, from time to time (i) offer one or more
of the Lenders the opportunity to provide all or a portion of the Offered Increase Amount pursuant
to paragraph (c) below and/or (ii) offer one or more additional banks, financial institutions or
other entities reasonably acceptable to the Administrative Agent the opportunity to provide all or
a portion of the Offered Increase Amount pursuant to paragraph (b) below. Each Commitment Increase
Notice shall specify which Lenders and/or banks, financial institutions or other entities the
Company desires to provide such Offered Increase Amount. The Company or, if requested by the
Company, the Administrative Agent will notify such Lenders, and/or banks, financial institutions or
other entities of such offer.

          (b) Any additional bank, financial institution or other entity which the Company selects to
offer participation in the increased Commitments and which elects to become a Lender under this
Agreement and obtain a Commitment in an amount so offered and
accepted by it pursuant to subsection 2.10(a)(ii) shall execute a New Lender Supplement with
the Company and the Administrative Agent, substantially in the form of Exhibit J hereto,
whereupon such bank, financial institution or other entity (herein called a “New Lender”)
shall become a Lender for all purposes and to the same extent as if originally a party hereto and
shall be bound by and entitled to the benefits of this Agreement.

          (c) Any Lender which accepts an offer to it by the Company to increase its Commitment pursuant
to subsection 2.10(a)(i) shall, in each case, execute a Commitment Increase Supplement with the
Company and the Administrative Agent, substantially in the form of Exhibit K hereto,
whereupon such Lender shall be bound by and entitled to the benefits of this Agreement with respect
to the full amount of its Commitment as so increased.

          (d) If any bank, financial institution or other entity becomes a New Lender pursuant to
subsection 2.10(b) or any Lender’s Commitment is increased pursuant to subsection 2.10(c),
additional Commitment Rate Loans made on or after the effectiveness thereof (the

23

 

“Credit
Re-Allocation Date”) shall be made pro rata based on the Commitment Percentages in effect on
and after such Credit Re-Allocation Date (except to the extent that any such pro rata borrowings
would result in any Lender making an aggregate principal amount of Committed Rate Loans in excess
of its Commitment, in which case such excess amount will be allocated to, and made by, such New
Lenders and/or Lenders with such increased Commitments to the extent of, and pro rata based upon,
their respective Commitments otherwise available for Loans), and continuations of Eurocurrency
Loans outstanding on such Credit Re-Allocation Date shall be effected by repayment of such
Eurocurrency Loans on the last day of the Interest Period applicable thereto and the making of new
Eurocurrency Loans pro rata based on such new Commitment Percentages. In the event that on any
such Credit Re-Allocation Date there is an unpaid principal amount of ABR Loans, the Company shall
make prepayments thereof and borrowings of ABR Loans so that, after giving effect thereto, the ABR
Loans outstanding are held pro rata based on such new Commitment Percentages. In the event that on
any such Credit Re-Allocation Date there is an unpaid principal amount of Eurocurrency Loans, such
Eurocurrency Loans shall remain outstanding with the respective holders thereof until the
expiration of their respective Interest Periods (unless the Company elects to prepay any thereof in
accordance with the applicable provisions of this Agreement), and interest on and repayments of
such Eurodollar Loans will be paid thereon to the respective Lenders holding such Eurocurrency
Loans pro rata based on the respective principal amounts thereof outstanding.

          (e) Notwithstanding anything to the contrary in this subsection 2.10, (i) in no event shall
any transaction effected pursuant to this subsection 2.10 cause the aggregate amount of the total
Commitments to exceed $350,000,000 and (ii) no Lender shall have any obligation to increase its
Commitment unless it agrees to do so in its sole discretion.

          (f) To the extent reasonably requested by the Administrative Agent, it shall be a condition
precedent to any increase in the Commitments pursuant to this subsection 2.10 that the
Administrative Agent shall have received on or prior to the Credit Re-Allocation Date, for the
benefit of the Lenders, (i) legal opinions of counsel to the Company covering such matters as are
customary for transactions of this type and such other matters as may be reasonably requested by
the Administrative Agent and (ii) certified copies of resolutions of the Company authorizing the
Offered Increase Amount.

          (g) The Administrative Agent will notify all Lenders of each increase in Commitments pursuant
to this subsection.

     2.11. Substitution of Euro for National Currency. If any Available Foreign Currency
is replaced by the euro, unless otherwise agreed by the Company, the Administrative Agent and the
Lenders, the euro may be tendered in satisfaction of any obligation denominated in such Available
Foreign Currency at the conversion rate specified in, or otherwise calculated in accordance with,
the regulations adopted by the Council of the European Union relating to the euro. No replacement
of an Available Foreign Currency by the euro shall discharge, excuse or otherwise affect the
performance of any obligation of the Company under this Agreement.

24

 

SECTION 3

THE COMPETITIVE ADVANCE LOANS

     3.1. Competitive Advance Loans. (a) Subject to the terms and conditions hereof, the
Company may, at any time and from time to time during the Commitment Period, request one or more
Lenders to offer bids, and any such Lender may, in its sole discretion, offer such bids, to make
competitive advance loans (“Competitive Advance Loans”) to the Company on the terms and
conditions set forth in such bids. Each Competitive Advance Loan shall bear interest at the rates,
pay interest and principal on the dates, and shall mature on the date, agreed between the Company
and Lender at the time such Competitive Advance Loan is made; provided, that (i) each Competitive
Advance Loan shall mature not earlier than 1 day and not later than 180 days, after the date such
Competitive Advance Loan is made and (ii) no Competitive Advance Loan shall mature after the
Termination Date. During the Commitment Period the Company may accept bids from Lenders from time
to time for Competitive Advance Loans, and borrow and repay Competitive Advance Loans, all in
accordance with the terms and conditions hereof; provided, that no Competitive Advance Loan shall
be made if, after giving effect to the making of such Loan and the simultaneous application of the
proceeds thereof, the aggregate amount of the Exposure would exceed the aggregate amount of the
Commitments; and provided further that the aggregate amount of Competitive Advance Loans of the
Company at any time outstanding shall not exceed $25,000,000. Subject to the foregoing, any Lender
may, in its sole discretion, make Competitive Advance Loans in an aggregate outstanding amount
exceeding the amount of such Lender’s Commitment.

          (b) The Competitive Advance Loans may be made in Dollars or any Available Foreign Currency, as
agreed between the Company and Lender in respect thereof at the time such Competitive Advance Loan
is made.

     3.2. Procedure for Competitive Advance Loan Borrowing. (a) The Company may request
one or more Lenders to make bids to make Committed Rate Loans in such manner and at such time as
shall be agreed by the Company and such
Lenders by delivering Competitive Bid Requests to such Lender or Lenders. The proceeds of
each Competitive Advance Loan will be made available to the Company in respect thereof in the
manner agreed between the Company and the relevant Lender at the time such Competitive Advance Loan
is made. The Lender designated in any such Competitive Bid Request may (but shall have no
obligation to) make one or more competitive bids to the Company in response to a Competitive Bid
Request by delivering a Competitive Bid Notice to the Company.

          (b) Each Lender that makes a Competitive Advance Loan shall deliver a Notice of Competitive
Advance Loan to the Administrative Agent on the Thursday (or, if such Thursday is not a Business
Day, on the next Business Day following such Thursday) immediately following the making of such
Competitive Advance Loan.

     3.3. Repayment of Competitive Advance Loans; Evidence of Debt. (a) The Company hereby
unconditionally promises to pay to the Lender that made such Competitive Advance Loan on the
maturity date, as agreed by the Company and Lender at the time such Competitive Advance Loan is
made (or such earlier date on which all the Loans become due and payable

25

 

pursuant to Section 10),
the then unpaid principal amount of such Competitive Advance Loan. The Company hereby further
agrees to pay interest on the unpaid principal amount of the Competitive Advance Loans made by any
Lender from time to time outstanding from the date thereof until payment in full thereof at the
rates, and on the dates, agreed by the Company and Lender at the time such Competitive Advance Loan
is made. All payments in respect of Competitive Advance Loans shall be made by the Company to its
Competitive Advance Loan Lender at the address separately agreed to between the Company and such
Competitive Advance Loan Lender.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Company to such Lender resulting from each Competitive Advance Loan
of such Lender from time to time, including the amounts of principal and interest payable and paid
to such Lender from time to time in respect of Competitive Advance Loans. The entries made in the
accounts of each Lender maintained pursuant to this subsection 3.3(b) shall, to the extent
permitted by applicable law, be prima facie evidence of the existence and amounts of the
obligations of the Company therein recorded, absent manifest error; provided, however, that
the failure of any Lender to maintain any such account, or any error therein, shall not in any
manner affect the obligation of the Company to repay (with applicable interest) the Competitive
Advance Loans made to the Company by such Lender in accordance with the terms of this Agreement.

     3.4. Prepayments. Unless otherwise agreed by the Lender making a Competitive Advance
Loan in any Notice of Competitive Advance Loan, such Competitive Advance Loan may not be optionally
prepaid prior to the scheduled maturity date thereof.

SECTION 4

THE LETTERS OF CREDIT

     4.1. L/C Commitment. (a) Subject to the terms and conditions hereof, each Issuing
Bank agrees to issue or amend letters of credit (including Letters of Credit payable by acceptance
of a Time Draft as described in subsection 4.9) (“Letters of Credit”, which shall include
the existing letters of credit specified on Schedule III which shall be continued and be
deemed Letters of Credit issued and outstanding hereunder) for the account of the Company on any
Business Day during the Commitment Period in such form as shall be reasonably acceptable to such
Issuing Bank; provided, that no Letter of Credit shall be issued or amended if, after giving effect
thereto (i) the aggregate amount of the Exposure would exceed the aggregate amount of the
Commitments or (ii) the aggregate amount of the L/C Obligations would exceed $50,000,000.

          (b) Each Letter of Credit shall:

               (i) be denominated in Dollars or an Available Foreign Currency and shall be
either (A) a standby letter of credit issued to support any obligations of the
Company or any Subsidiary, contingent or otherwise (a “Standby Letter of
Credit”) or (B) a commercial letter of credit issued in respect of the purchase
of

26

 

goods and services in the ordinary course of business of the Company and its
Subsidiaries (a “Commercial Letter of Credit”; together with the Standby
Letters of Credit, the “Letters of Credit”) and,

               (ii) expire no later than the earlier of (A) one year after its date of
issuance and (B) five (5) Business Days prior to the Termination Date; provided that
any Letter of Credit with a one-year tenor may provide for the renewal thereof for
additional one-year periods (which shall in no event extend beyond the date referred
to in clause (B) above).

          (c) No Issuing Bank shall at any time be obligated to issue any Letter of Credit hereunder if
such issuance would cause such Issuing Bank or any Lender to violate any applicable Requirement of
Law.

     4.2. Procedure for Issuance of Letters of Credit under this Agreement. The Company
may from time to time request that an Issuing Bank issue a Letter of Credit by delivering to such
Issuing Bank at its Issuing Office an Application therefor, completed to the satisfaction of the
Issuing Bank, and such other documents required in connection therewith as such Issuing Bank may
reasonably request. Upon receipt by an Issuing Bank of any Application, such Issuing Bank will
process such Application and any other documents delivered to it in connection therewith in
accordance with its customary procedures and shall promptly issue the Letter of Credit requested
thereby (but in no event shall any Issuing Bank be required to issue any Letter of Credit earlier
than three (3) Business Days after its receipt of the Application therefor and all such other
documents required in connection therewith
by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise
may be agreed by such Issuing Bank and the Company. Such Issuing Bank shall promptly (and in no
event later than the Business Day following its issuance of any Letter of Credit) advise the
Administrative Agent of the terms of such Letter of Credit (or provide the Administrative Agent
with a copy of such Letter of Credit), and each Lender shall be entitled to receive from the
Administrative Agent, following such Lender’s request therefor, any documents so provided to the
Administrative Agent.

     4.3. Fees, Commissions and Other Charges. (a) The Company shall pay to the
Administrative Agent, for the account of the Lenders (including the
Issuing Bank) in Dollars pro
rata according to their Commitment Percentages, a letter of credit commission with respect to each
Letter of Credit, computed at a rate equal to the then Applicable Margin for Eurocurrency Loans on
the daily average amount available to be drawn under such Letter of Credit. Such commissions shall
be payable in arrears on the last Business Day of each March, June, September and December to occur
after the date of issuance of such Letter of Credit and on the expiration date of such Letter of
Credit and shall be nonrefundable. In addition to the foregoing fees, the Company shall pay to
each Issuing Bank for its own account in Dollars a fronting fee of 0.125% per annum on the
aggregate undrawn and unexpired amount of all outstanding Letters of Credit issued by such Issuing
Bank. Such fronting fees shall be payable in arrears on the last Business Day of each March, June,
September and December shall be nonrefundable.

          (b) In addition to the foregoing fees and commissions, the Company shall pay or reimburse the
relevant Issuing Bank for such normal and customary costs and expenses as are

27

 

incurred or charged
by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such
Letter of Credit.

          (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the
Issuing Bank and the Lenders all fees and commissions received by the Administrative Agent for
their respective accounts pursuant to this subsection.

     4.4. L/C Participations. (a) Each Issuing Bank irrevocably agrees to grant and hereby
grants to each L/C Participant, and, to induce each Issuing Bank to issue Letters of Credit
hereunder, each L/C Participant unconditionally and irrevocably agrees to accept and purchase and
hereby accepts and purchases from such Issuing Bank, on the terms and conditions hereinafter
stated, for such L/C Participant’s own account and risk, an undivided interest in such Issuing
Bank’s obligations and rights under each Letter of Credit issued by such Issuing Bank hereunder in
an amount equal to the product of such L/C Participant’s Commitment Percentage times the amount of
each draft paid by such Issuing Bank thereunder. Each L/C Participant unconditionally and
irrevocably agrees with each Issuing Bank that, if a draft is paid under any Letter of Credit
issued by such Issuing Bank for which such Issuing Bank is not reimbursed in full by the Company in
accordance with the terms of this Agreement, such L/C Participant shall pay to such Issuing Bank
upon demand at such Issuing Bank’s Issuing Office an amount equal to such L/C
Participant’s Commitment Percentage of the amount of such draft, or any part thereof, which is
not so reimbursed.

          (b) If any amount required to be paid by any L/C Participant to any Issuing Bank pursuant to
subsection 4.4(a) in respect of any unreimbursed portion of any payment made by such Issuing Bank
under any Letter of Credit is not paid to such Issuing Bank on the date such payment is due from
such L/C Participant, such L/C Participant shall pay to such Issuing Bank on demand an amount equal
to the product of (i) such amount, times (ii) (A) in the case of any such payment obligation
denominated in Dollars, the Federal Funds Effective Rate or (B) in the case of any such payment
obligation denominated in an Available Foreign Currency, the rate customary in such Currency for
settlement of similar inter-bank obligations, as quoted by such Issuing Bank, in each case during
the period from and including the date such payment is required to the date on which such payment
is immediately available to the Issuing Bank, times (iii) a fraction the numerator of which is the
number of days that elapse during such period and the denominator of which is 360. If any such
amount required to be paid by any L/C Participant pursuant to subsection 4.4(a) is not made
available to such Issuing Bank by such L/C Participant within three (3) Business Days after the
date such payment is due, such Issuing Bank shall be entitled to recover from such L/C Participant,
on demand, such amount with interest thereon calculated from such due date at the rate per annum
applicable to ABR Loans. A certificate of an Issuing Bank submitted to any L/C Participant with
respect to any amounts owing under this subsection shall be conclusive in the absence of manifest
error.

          (c) Whenever, at any time after an Issuing Bank has made payment under any Letter of Credit
and has received from any L/C Participant its pro rata share of such payment in
accordance with subsection 4.4(a), the Issuing Bank receives any payment related to such Letter of
Credit (whether directly from the Company or otherwise), or any payment of interest on account
thereof, such Issuing Bank will distribute to such L/C Participant its pro rata
share thereof; provided, however, that in the event that any such payment received by such Issuing

28

 

Bank shall be required to be returned by such Issuing Bank, such L/C Participant shall return to
such Issuing Bank on demand the portion thereof previously distributed by such Issuing Bank to it.

          (d) Each L/C Participant’s obligation to purchase participating interests pursuant to
subsection 4.4(a) shall be absolute and unconditional and shall not be affected by any
circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such
LC Participant or the Company may have against any Issuing Bank, the Company or any other Person
for any reason whatsoever, (ii) the occurrence or continuance of a Default or an Event of Default
or the failure to satisfy any of the other conditions specified in Article VII; (iii) any adverse
change in the condition (financial or otherwise) of the Company or any Subsidiary; (iv) any breach
of this Agreement or any other Loan Document by the Company or any other Lender; or (v) any other
circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.

     4.5. Reimbursement Obligation of the Company. (a) The Company agrees to reimburse
each Issuing Bank in respect of any Letter of Credit issued by such Issuing Bank on the Business
Day next succeeding the Business Day on
which such Issuing Bank notifies the Company of the date and amount of a draft presented under
such Letter of Credit and paid by such Issuing Bank for the amount of (i) such draft so paid and
(ii) any taxes, fees, charges or other costs or expenses reasonably incurred by such Issuing Bank
in connection with such payment. Each such payment shall be made to such Issuing Bank at its
Issuing Office in the Currency in which payment of such draft was made and in immediately available
funds.

          (b) Interest shall be payable on any and all amounts remaining unpaid by the Company under
this subsection from the date such amounts are required to be paid by the Issuing Bank until
payment in full at the ABR then in effect plus the Applicable Margin then in effect until
the third (3rd) Business Day next succeeding the date of the relevant notice and thereafter at the
rate which is 2% above the ABR then in effect plus the Applicable Margin then in effect.

     4.6. Obligations Absolute. (a) The obligations of the Company under this Section 4
shall be absolute and unconditional under any and all circumstances and irrespective of any
set-off, counterclaim or defense to payment which the Company may have or have had against any
Issuing Bank or any beneficiary of a Letter of Credit.

          (b) The Company also agrees with each Issuing Bank in respect of each Letter of Credit issued
by such Issuing Bank that such Issuing Bank shall not be responsible for, and the Company’s
Reimbursement Obligations under subsection 4.5(a) shall not be affected by, among other things, (i)
the validity or genuineness of documents or of any endorsements thereon, even though such documents
shall in fact prove to be invalid, fraudulent or forged, provided, that reliance upon such
documents by such Issuing Bank shall not have constituted gross negligence or willful misconduct of
such Issuing Bank or (ii) any dispute between or among the Company and any beneficiary of any
Letter of Credit or any other party to which such Letter of Credit may be transferred or (iii) any
claims whatsoever of the Company against any beneficiary of such Letter of Credit or any such
transferee.

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          (c) The Issuing Banks shall not be liable for any error, omission, interruption or delay in
transmission, dispatch or delivery of any message or advice, however transmitted, in connection
with any Letter of Credit, except for errors or omissions caused by such Issuing Bank’s gross
negligence or willful misconduct.

          (d) The Company agrees that any action taken or omitted by any Issuing Bank under or in
connection with any Letter of Credit or the related drafts or documents, if done in the absence of
gross negligence or willful misconduct and in accordance with the standards of care specified in
the Uniform Customs (with respect to any commercial Letter of Credit) or the ISP (with respect to
any Standby Letter of Credit), shall be binding on the Company and shall not result in any
liability of such Issuing Bank to the Company.

     4.7. Letter of Credit Payments. If any draft shall be presented for payment to an
Issuing Bank under any Letter of Credit, such Issuing Bank shall promptly notify the Company of the
date and amount thereof. The responsibility of the Issuing Bank to the Company in connection with
any draft presented for
payment under any Letter of Credit shall, in addition to any payment obligation expressly
provided for in such Letter of Credit, be limited to determining that the documents (including each
draft) delivered under such Letter of Credit in connection with such presentment are in compliance
with such Letter of Credit.

     4.8. Application. To the extent that any provision of any Application related to any
Letter of Credit is inconsistent with the provisions of this Section 4, the provisions of this
Section 4 shall apply.

     4.9. Issuance of Letters of Credit Priority for Acceptance of Time Drafts.
Notwithstanding anything to the contrary contained in this Section 4, the Company may request that
any Letter of Credit permit drawings thereunder to be by means of acceptance by the Issuing Bank of
a time draft (a “Time Draft”) rather than by payment of a sight draft. Each Time Draft
shall (in addition to satisfying all of the provisions set forth in this Section 4, except to the
extent such provisions conflict with the provisions in this subsection 4.9 (in which case this
subsection 4.9 shall be controlling)) expire no later than the earliest of (i) 90 days following
the acceptance of such Time Draft by the related Issuing Bank, (ii) 5 Business Days prior to the
Termination Date and (iii) 180 days after the issuance of the Commercial Letter of Credit pursuant
to which such Time Draft is made. Notwithstanding anything to the contrary in this Agreement:

          (a) in calculating the outstanding amount of L/C Obligations for purpose of determining the
amount of the Commitments available for usage as Letters of Credit under subsection 4.1(a), the
face amount of each outstanding and accepted Time Draft shall be deemed to constitute L/C
Obligations;

          (b) in calculating the undrawn face amount of any Letter of Credit for purposes of determining
the amount of Letter of Credit commission payable pursuant to subsection 4.3(a), each Letter of
Credit under which a Time Draft has been issued and accepted shall be deemed undrawn to the extent
of the face amount of such Time Draft until such Time Draft has been paid; and

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          (c) each L/C Participant shall be deemed to have an undivided interest equal to such L/C
Participant’s Commitment Percentage in the Issuing Bank’s rights and obligations under any Time
Draft accepted by such Issuing Bank under any Letter of Credit.

SECTION 5

CERTAIN PROVISIONS APPLICABLE TO THE LOANS AND LETTERS OF CREDIT

     5.1. Facility Fee. (a) The Company agrees to pay to the Administrative Agent for the
account of each Lender a facility fee for the period from and including the Closing Date to, but
excluding, the
Termination Date or such earlier date on which the Commitments shall terminate as provided
herein, computed at the Facility Fee Rate in effect from time to time on the average daily amount
of the Commitment (used and unused) of such Lender during the period for which payment is made (or
after the Termination Date on the average daily amount of the Exposure), payable quarterly in
arrears on the last day of each March, June, September and December and on the Termination Date or
such earlier date on which the Commitments shall terminate as provided herein, commencing on the
first of such dates to occur after the date hereof.

          (b) The Company agrees to pay to the Administrative Agent, for its own account and for the
account of the Lenders, the fees specified in, and in the amounts and on the dates set forth in,
the Fee Letter.

     5.2. Computation of Interest and Fees. (a) Facility fees and, whenever it is
calculated on the basis of the Prime Rate, interest on ABR Loans shall be calculated on the basis
of a 365- (or 366-, as the case may be) day year for the actual days elapsed; and, otherwise,
interest and Letter of Credit commissions shall be calculated on the basis of a 360-day year for
the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Company
and the Lenders of each determination of a Eurocurrency Rate. Any change in the ABR due to a
change in the Prime Rate, the Three-Month Secondary CD Rate or the Federal Funds Effective Rate
shall be effective as of the opening of business on the effective day of such change in the Prime
Rate, the Three-Month Secondary CD Rate or the Federal Funds Effective Rate, respectively. The
Administrative Agent shall as soon as practicable notify the Company and the Lenders of the
effective date and the amount of each such change in interest rate.

          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Company and the Lenders in the
absence of manifest error. The Administrative Agent shall, at the request of the Company, deliver
to the Company a statement showing the quotations used by the Administrative Agent in determining
any Eurocurrency Rate.

     5.3. Pro Rata Treatment and Payments. (a) Each borrowing by the Company of Committed
Rate Loans, each payment by the Company on account of any facility fee hereunder and any reduction
of the Commitments of the Lenders shall be made pro rata according to the respective Commitment
Percentages of the Lenders. Each payment (including each prepayment) by the Company on account of
principal of and interest on any Committed Rate Loans shall be made pro rata according to the
respective outstanding principal amounts of the Committed Rate

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Loans of the Company then due and
owing to the Lenders. All payments (including prepayments) to be made by the Company hereunder,
whether on account of principal, interest, fees, Reimbursement Obligations or otherwise, shall be
made without set off or counterclaim. All payments in respect of Committed Rate Loans in any
Currency shall be made in such Currency and in immediately available funds at the Payment Office,
and at or prior to the Payment Time, for such Type of Loans and such Currency, on the due date
thereof. The Administrative Agent shall distribute to the Lenders any payments received by the
Administrative Agent promptly upon receipt in like funds as received. If any
payment hereunder becomes due and payable on a day other than a Business Day, such payment
shall be extended to the next succeeding Business Day, and, with respect to payments of principal,
interest thereon shall be payable at the then applicable rate during such extension.

          (b) Unless the Administrative Agent shall have been notified in writing by any Lender prior to
a Borrowing Date in respect of Committed Rate Loans that such Lender will not make the amount that
would constitute its Commitment Percentage of such borrowing available to the Administrative Agent,
the Administrative Agent may assume that such Lender is making such amount available to the
Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make
available to the Company a corresponding amount. If such amount is not made available to the
Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to
the Administrative Agent, on demand, such amount with interest thereon at a rate equal to (A) in
the case of any such Committed Rate Loans denominated in Dollars, the daily average Federal funds
rate, as quoted by the Administrative Agent, or (B) in the case of any Committed Rate Loans
denominated in an Available Foreign Currency, the rate customary in such Currency for settlement of
similar inter-bank obligations, as quoted by the Administrative Agent, in each case for the period
until such Lender makes such amount immediately available to the Administrative Agent. A
certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing
under this subsection shall be conclusive in the absence of manifest error. If such Lender’s
Commitment Percentage of such borrowing is not made available to the Administrative Agent by such
Lender within three Business Days of such Borrowing Date, the Administrative Agent shall also be
entitled to recover such amount with interest thereon at the rate per annum applicable to Committed
Rate Loans in such Currency hereunder, on demand, from the Company.

     5.4. Requirements of Law. (a) If after the date hereof the adoption of or any change
in any Requirement of Law or in the interpretation thereof by any Governmental Authority charged
with the administration or interpretation thereof or compliance by any Lender with any request or
directive (whether or not having the force of law) applicable generally in the jurisdiction of such
Lender to banking institutions of the same type as such Lender

               (i) shall subject any Lender to any tax of any kind whatsoever with respect to
this Agreement, any Eurocurrency Loan made by it to the Company or any Extension of
Credit to the Company, or change the basis of taxation of payments to such Lender in
respect thereof (except for Non-Excluded Taxes covered by subsection 5.6 and the
imposition of, or any change in the rate or other basis of, any Excluded Tax payable
by such Lender);

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               (ii) shall impose, modify or hold applicable any reserve, special deposit,
compulsory loan or similar requirement against assets held by, deposits with or for
the account of, or advances, loans or other extensions of credit by, any office of
such Lender which is not otherwise included in the determination of the Eurocurrency
Rate; or

               (iii) shall impose on such Lender any other condition affecting Eurocurrency
Loans made by such Lender to the Company, or Extensions of Credit by such Lender to
the Company;

and the result of any of the foregoing is to increase the cost to such Lender, by an amount which
such Lender reasonably deems to be material, of making, converting into, continuing or maintaining
Eurocurrency Loans to the Company or issuing for or participating in Letters of Credit of the
Company or to reduce any amount receivable hereunder in respect thereof, and such Lender has no
reasonable means (as it shall determine in its sole discretion acting in good faith) to avoid such
costs or reductions, then, in any such case, the Company shall promptly pay such Lender following
receipt of a certificate of such Lender in accordance with subsection 5.4(d) such additional amount
or amounts as will compensate such Lender for such increased cost or reduction suffered.

          (b) If any Lender shall have determined that the adoption of or any change in any Requirement
of Law regarding capital adequacy or in the interpretation thereof by any Governmental Authority
charged with the administration or interpretation thereof or compliance by such Lender or any
corporation controlling such Lender with any request or directive regarding capital adequacy
(whether or not having the force of law) made subsequent to the date hereof shall have the effect
of reducing the rate of return on such Lender’s or such corporation’s capital, if any, as a
consequence of its obligations hereunder to a level below that which such Lender or such
corporation could have achieved but for such adoption, change or compliance (taking into
consideration such Lender’s or such corporation’s policies with respect to capital adequacy) by an
amount deemed by such Lender to be material, then from time to time, the Company shall promptly pay
to such Lender following receipt of a certificate of such Lender in accordance with subsection
5.4(d) such additional amount or amounts as will compensate such Lender for any such reduction
suffered. Notwithstanding any other provision in this paragraph (b), no Lender shall be entitled
to demand compensation pursuant to this paragraph (b) if it shall not then be the general practice
of such Lender or such corporation to demand such compensation in similar circumstances under
comparable provisions of other comparable credit agreements.

          (c) A certificate of each Lender setting forth such amount or amounts as shall be necessary to
compensate such Lender or such corporation as specified in paragraph (a) or (b) above, as the case
may be, and setting forth in reasonable detail an explanation of the basis of requesting such
compensation in accordance with paragraph (a) or (b) above, including calculations in detail
comparable to the detail set forth in Certificates delivered to such Lender in similar
circumstances under comparable provisions of other comparable credit agreements, shall be delivered
to the Company and shall be conclusive absent manifest error. The Company shall pay each Lender
the amount shown as due on any such certificate delivered to it within ten (10) days after its
receipt of the same.

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          (d) Failure on the part of any Lender to demand compensation for any increased costs or
reduction in amounts received or receivable or reduction in return on capital with respect to any
period shall not constitute a waiver of such Lender’s right to demand compensation with respect to
such period or any other period, except that no Lender shall be entitled to compensation under this
subsection 5.4 for any such costs incurred or any such
reduction suffered with respect to any date unless such Lender shall have notified the Company
that it will demand compensation for such costs or reductions under paragraph (c) above, not more
than six months after the later of (i) such date and (ii) the date on which such Lender as
applicable, shall have become aware of such costs or reductions. The protection of this subsection
5.4 shall be available to each Lender regardless of any possible contention of the invalidity or
inapplicability of the law, rule, regulation, guideline or other change or condition that shall
have occurred or been imposed.

          (e) The agreements in this subsection shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

     5.5. Taxes. (a) All payments made by the Company under this Agreement shall be made
free and clear of, and without deduction or withholding for or on account of, any present or future
income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings,
now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority
(other than Excluded Taxes). If any such non-excluded taxes, levies, imposts, duties, charges,
fees deductions or withholdings (“Non-Excluded Taxes”) are required to be withheld from any
amounts payable by the Company to the Administrative Agent or any Lender hereunder, the amounts so
payable to the Administrative Agent or such Lender shall be increased to the extent necessary to
yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes) interest
or any such other amounts payable hereunder at the rates or in the amounts specified in this
Agreement. Whenever any Non-Excluded Taxes are payable by the Company, the Company shall timely
pay such Non-Excluded Taxes and shall send to the Administrative Agent for its own account or for
the account of such Lender, as the case may be, a certified copy of an original official receipt
received by the Company showing payment thereof. If the Company fails to pay any Non-Excluded
Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent
the required receipts or other required documentary evidence, the Company shall indemnify the
Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may
become payable by the Administrative Agent or any Lender as a result of any such failure.
Notwithstanding the foregoing, the Company shall be required to make any payments in respect of
Non-Excluded Taxes to any Lender that has changed the Funding Office at which it maintains the
Extensions of Credit to which such Non-Excluded Taxes relate (other than any such change in Funding
Office made by such Lender pursuant to subsection 5.7 to avoid or minimize the application or
effects of subsection 5.4 or 5.5) in an amount greater than the Company would have been required to
pay pursuant to this subsection 5.5 if no such change in Funding Office had occurred. The
agreements in this subsection shall survive the termination of this Agreement and the payment of
the Loans and all other amounts payable hereunder.

          (b) Each Lender that is not incorporated, created or organized under the laws of the United
States of America or a state or political subdivision thereof (a “Non-U.S. Lender”) that is
entitled to an exemption from or reduction of withholding tax under the law of the

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jurisdiction in
which the Company 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
Company (with a copy to the Administrative Agent), at the time or times
prescribed by applicable law or reasonably requested by the Company 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. In
addition, any Lender, if requested by the Company or the Administrative Agent, shall deliver such
other documentation prescribed by applicable law or reasonably requested by the Company or the
Administrative Agent as will enable the Company 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, each Non-U.S. Lender shall:

               (i) deliver to the Company and the Administrative Agent (A) two duly completed
copies of either United States Internal Revenue Service Form W-8BEN (with respect to
entitlement to treaty benefits) or W-8ECI, or successor applicable form, as
applicable, (B) in the case of a Non-U.S. Lender claiming exemption from U.S.
Federal withholdings tax under Section 871(h) or 881(c) of the Code with respect to
payments of “portfolio interests,” a statement substantially in the form of
Exhibit L hereto and a Form W-8BEN, and (C) 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 Company to
determine the withholding or deduction required to be made; or applicable successor
form, in each case, demonstrating such Non-U.S. Lender’s entitlement to a complete
exemption from U.S. Federal withholding tax on all payments by the Company under
this Agreement,

               (ii) deliver to the Company and the Administrative Agent two further current
copies of any such form or certification on or before the date that any such form or
certification expires or becomes obsolete and after the occurrence of any event
requiring a change in the most recent form previously delivered by it to the
Company; and

               (iii) obtain such extensions of time for filing and complete such forms or
certifications as may reasonably be requested by the Company or the Administrative
Agent;

unless in any such case an event (including, without limitation, any change in treaty, law or
regulation) has occurred prior to the date on which any such delivery would otherwise be required
which renders all such forms inapplicable or which would prevent such Lender from duly completing
and delivering any such form with respect to it and such Lender so advises the Company and the
Administrative Agent or the legal basis therefor. Each Person that shall become a Lender or a
Participant pursuant to subsection 12.6 shall, upon the effectiveness of the related transfer, be
required to provide all of the forms and statements required pursuant to this subsection,
provided that in the case of a Participant such Participant shall furnish all such

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required
forms and statements to the Lender from which the related participation shall have been purchased.

     5.6. Indemnity. The Company agrees to indemnify each Lender and to hold each Lender
harmless from any loss or reasonable expense which such Lender may sustain or incur as a
consequence of (a) default by the Company in making a borrowing of, conversion into or continuation
of a Loan after the Company has given a notice requesting the same in accordance with the
provisions of this Agreement, (b) default by the Company in making any prepayment after the Company
has given a notice thereof in accordance with the provisions of this Agreement or (c) the making by
the Company of a prepayment of Eurocurrency Loans or Competitive Advance Loans on a day which is
not the last day of an Interest Period or the maturity date, as the case may be, with respect
thereto. Such loss or reasonable expense shall be equal to the sum of (a) such Lender’s actual
costs and expenses incurred (other than any lost profits) in connection with, or by reason of, any
of the foregoing events and (b) an amount equal to the excess, if any, as reasonably determined by
such Lender of (i) its cost of obtaining the funds for the Loan being paid, prepaid, converted or
continued (assumed to be the Eurocurrency Rate applicable thereto) for the period from and
including the date for such payment, prepayment, conversion or continuation to but excluding the
last day of the Interest Period for such Loan over (ii) the amount of interest (as reasonably
determined by such Lender) that would be realized by such Lender in reemploying the funds so paid,
prepaid, converted or continued for such period or Interest Period, as the case maybe. A
certificate of any Lender setting forth any amount or amounts, including calculations in reasonable
detail, that such Lender is entitled to receive pursuant to this subsection 5.6 shall be delivered
to the Company and shall be conclusive absent manifest error. This covenant shall survive the
termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

     5.7. Change of Lending Office. (a) Each Lender agrees that upon the occurrence of any
event giving rise to the operation of subsection 5.4 or 5.5, it will use reasonable efforts
(consistent with legal and regulatory restrictions) to file any certificate or document requested
by the Company or designate a different lending office for Extensions of Credit affected by such
event or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates with the object of avoiding or minimizing the consequences
of such event; provided, that
such filing, designation or assignment is made on terms that, in the sole judgment of such Lender,
cause such Lender and its lending office(s) to suffer no material economic, legal or regulatory
disadvantage; and, provided, further, that nothing in this subsection 5.7 shall affect or postpone
any of the obligations of the Company or the rights of any Lender pursuant to subsection 5.4 or
5.5.

          (b) In the event that any Lender shall have delivered a notice or certificate pursuant to
subsection 5.4 or 5.5, or if any Lender shall default in its obligations to fund any Loans
hereunder, then the Company shall have the right, but not the obligation, at its expense, upon
notice to such Lender and the Administrative Agent, to replace such Lender with an assignee (in
accordance with and subject to the restrictions contained in subsection 12.6), and such Lender
hereby agrees to transfer and assign without recourse (in accordance with and subject to the
restrictions contained in subsection 12.6) all its interests, rights and obligations under this
Agreement to such assignee; provided, however, that no Lender shall be obligated to make any such
assignment unless (i) such assignment shall not violate any Requirement of Law,

36

 

(ii) such assignee shall pay to the affected Lender in immediately available funds on the date
of such assignment the outstanding principal amount of the Loans made by such Lender hereunder and
(iii) the Company shall pay to the affected Lender in immediately available funds on the date of
such assignment the interest accrued to the date of payment on the Loans made by such Lender
hereunder and all other amounts accrued for such Lender’s account or owed to it hereunder
(including any amount that would be payable to such Lender pursuant to subsection 5.6 if such
assignment were, instead, a prepayment).

     5.8. Company Controls on Exposure; Calculation of Exposure; Prepayment if Exposure Exceeds
Commitments. (a) The Company will monitor the borrowings and repayments of Loans by the
Company and the issuance of and drawings under Letters of Credit and Time Drafts, with the object
of preventing any request for an Extension of Credit that would result in the aggregate amount of
the Exposure being in excess of the Commitments and of promptly identifying and remedying any
circumstance where, by reason of changes in exchange rates, the aggregate amount of the Exposure
does exceed the Commitments. In the event that at any time the Company determines that the
aggregate amount of the Exposure exceeds the aggregate amount of the Commitments by more that 5%,
the Company will, as soon as practicable but in any event within five (5) Business Days of making
such determination, make such repayments or prepayments of Loans as shall be necessary to cause the
aggregate amount of the Exposure to no longer exceed the Commitments.

          (b) The Administrative Agent will calculate the aggregate amount of the Exposure (including
the aggregate amount of L/C Obligations) from time to time, and in any event not less frequently
than once during each calendar week. In making such calculations, the Administrative Agent will
rely on the information most recently received by it from Lenders in respect of outstanding
Competitive Advance Loans and from Issuing Banks in respect of outstanding Letters of Credit
(including, with respect to such Issuing Banks, the conversion ratios in respect of the non-Dollar
denominated Letters of Credit provided to the Administrative Agent by such Issuing Banks on the
fifteenth day and the end of each month (or on the Business Day next succeeding such days)). Upon
making each such calculation, the Administrative Agent will inform the Company of the results
thereof and, upon the request of any Lender, inform such Lender of the results thereof.

          (c) In the event that on any date the Administrative Agent calculates that the aggregate
amount of the Exposure exceeds the aggregate amount of the Commitments by more than 5%, the
Administrative Agent will give notice to such effect to the Company. Within five Business Days
after receipt of any such notice, the Company will, as soon as practicable but in any event within
five Business Days of receipt of such notice, make such repayments or prepayments of Loans as shall
be necessary to cause the aggregate amount of the Exposure to no longer exceed the Commitments.

          (d) Any prepayment required to be made pursuant to this subsection 5.8 shall be accompanied by
payment of amounts payable, if any, pursuant to subsection 5.6 in respect of the amount so prepaid.

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SECTION 6

REPRESENTATIONS AND WARRANTIES

     To induce the Administrative Agent and the Lenders to enter into this Agreement, to make the
Loans and to issue and/or participate in the Letters of Credit, the Company hereby represents and
warrants to the Administrative Agent and each Lender that:

     6.1. Financial Condition. The audited consolidated balance sheet of the Company and
its consolidated Subsidiaries as at June 30, 2004 and the related consolidated statements of income
and of cash flows for the fiscal year ended on such date, reported on by KPMG LLP and set forth in
the Company’s annual report for the year ended June 30, 2004, as filed with the SEC on Form 10-K,
copies of which have heretofore been furnished to each Lender, present fairly the consolidated
financial condition of the Company and its consolidated Subsidiaries as at such date, and their
consolidated results of operations and cash flows for such fiscal year. The unaudited consolidated
balance sheet of the Company and its consolidated Subsidiaries as of March 31, 2005 and the related
unaudited consolidated statements of income and cash flows for the nine-month period ended on such
date, present fairly the consolidated financial condition of the Company and its consolidated
Subsidiaries as of such date, and their consolidated results of operations and cash flows for the
nine-month period then ended (subject to normal year-end audit adjustments and the absence of
footnotes). All such financial statements, including the related schedules and notes thereto, have
been prepared in accordance with GAAP applied consistently throughout the periods involved (except
as approved by such accountants or Responsible Officer, as the case may be, and as disclosed
therein).

     6.2. No Change. Since March 31, 2005, as of the date of this Agreement there has been
no development or event which has had or is reasonably expected to have a Material Adverse Effect.

     6.3. Corporate Existence; Compliance with Law. Each of the Company and its
Subsidiaries (a) is duly incorporated or organized, validly existing and in good standing under the
laws of the jurisdiction of its incorporation or other organization, except to the extent, with
respect to a Subsidiary, where any failure to maintain existence or good standing would not have a
Material Adverse Effect, (b) has the corporate or other organizational power and authority to own
and operate its property, to lease the property it operates as lessee and to conduct the business
in which it is currently engaged, (c) is duly qualified as a foreign corporation or other entity
under the laws of each jurisdiction where its ownership, lease or operation of property or the
conduct of its business requires such qualification except to the extent that any failure to so
qualify would not reasonably expected to have a Material Adverse Effect and (d) is in compliance
with all applicable Requirements of Law except to the extent that any failure to so comply is not
reasonably expected to have a Material Adverse Effect.

     6.4. Corporate Power; Authorization; Enforceable Obligations. The Company has the
corporate power and authority to make, deliver and perform the Loan Documents to which it is a
party and to borrow hereunder and has taken all necessary corporate action to authorize the
borrowings on the terms and conditions of this Agreement and to authorize the execution, delivery
and performance of the Loan Documents to which it is a party. No consent or

38

 

authorization of,
filing with, notice to or other act by or in respect of, any Governmental Authority or any other
Person is required in connection with the borrowings hereunder or with the execution, delivery,
performance, validity or enforceability of the Loan Documents to which the Company is a party,
except for any failure to obtain any such consent or authorization or make any such filing in
connection with the borrowings hereunder that would not reasonably be expected to have a Material
Adverse Effect. This Agreement has been, and each other Loan Document to which it is a party will
be, duly executed and delivered on behalf of the Company. This Agreement constitutes, and each
other Loan Document to which it is a party when executed and delivered will constitute, a valid and
binding obligation of the Company enforceable against it in accordance with its terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally and by general equitable
principles (whether enforcement is sought by proceedings in equity or at law).

     6.5. No Legal Bar. The execution, delivery and performance of the Loan Documents to
which the Company is a party, the borrowings hereunder and the use of the proceeds thereof will not
(a) violate any Requirement of Law or Contractual Obligation of the Company or of any of its
Subsidiaries except where any such violation would not reasonably expected to result in a Material
Adverse Effect or (b) result in the creation or imposition of any Lien on any of its or their
respective properties or revenues pursuant to any such Requirement of Law or Contractual Obligation
except where any such creation or imposition of any such Lien would not reasonably be expected to
have a Material Adverse Effect.

     6.6. No Material Litigation. No litigation, investigation or proceeding of or before
any arbitrator or Governmental Authority is pending or, to the knowledge of the Company, threatened
by or against the Company or any of its Subsidiaries or against any of its or their respective
properties or revenues (a) with respect to any of the Loan Documents or any of the transactions
contemplated hereby or thereby or (b) which is reasonably expected to have a Material Adverse
Effect.

     6.7. No Default. Neither the Company nor any of its Subsidiaries is in default under
or with respect to any of its Contractual Obligations in any respect which would reasonably be
expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is
continuing.

     6.8. Ownership of Real Property; Liens. Each of the Company and its Subsidiaries has good and marketable title to, or valid
leasehold interests in, all of its material real property, except for minor defects in title and
other Liens that do not interfere in any material respect with such Person’s ability to conduct its
business as presently conducted. All such material real properties are free and clear of all
Liens, other than Liens permitted by subsection 9.3.

     6.9. Intellectual Property. The Company and each of its Subsidiaries owns, or is
licensed to use, all trademarks, tradenames, copyrights, technology, know-how and processes
required for the conduct of its business as currently conducted except for any such failures to own
or license which would not reasonably expected to have a Material Adverse Effect (the “Intellectual
Property”). No claim has been asserted against the Company or any Subsidiary and is pending by any
Person challenging the use by the Company or any Subsidiary of any such

39

 

Intellectual Property or
the validity or effectiveness of any such Intellectual Property, nor does the Company know of any
valid basis for any such claim, except, in each case, for any claims that would not reasonably be
expected to have a Material Adverse Effect. To the knowledge of the Company, the use of such
Intellectual Property by the Company and its Subsidiaries does not infringe on the rights of any
Person, except for such claims and infringements that, in the aggregate, are not reasonably
expected to have a Material Adverse Effect.

     6.10. Taxes. Each of the Company and its Subsidiaries has filed or caused to be filed
all United States federal income tax returns and all material foreign income, excise and other tax
returns which, to the knowledge of the Company, are required to be filed by the Company or any such
Subsidiary and has paid or made for the provision of payment of all taxes shown to be due and
payable on said returns or on any assessments made against it or any of its property in respect
thereof received by the Company or its Subsidiaries and all other taxes, fees or other charges
imposed on it or any of its property by any Governmental Authority (other than any amount the
validity of which is currently being contested in good faith by appropriate proceedings and with
respect to which reserves in conformity with GAAP have been provided on the books of the Company or
its Subsidiaries, as the case may be) except, in each case, (a) taxes that are being contested in
good faith and for which adequate reserves have been provided and (b) other taxes where any such
failure to file or any such failure to pay would not reasonably be expected to have a Material
Adverse Effect; no tax Lien has been filed in respect of any material amount of unpaid taxes in
respect of which, to the knowledge of the Company, any claim is being asserted, except where such
claim is not reasonably expected to result in a Material Adverse Effect.

     6.11. Federal Regulations. No part of the proceeds of any Loans will be used for
“purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted
terms under Regulation U of the Board as now and from time to time hereafter in effect. If
requested by any Lender or the Administrative Agent, the Company will furnish to the Administrative
Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR
Form G-3 or FR Form U-1 referred to in said Regulation U.

     6.12. ERISA. Except as would not reasonably be expected, either individually or in
the aggregate, to have a Material Adverse Effect, (i) neither a Reportable Event which would
reasonably be expected to result in the termination of a Single Employer Plan nor an “accumulated
funding deficiency” (within the meaning of Section 412 of the Code or Section 302 of ERISA) has
occurred during the five-year period prior to the date on which this representation is made or
deemed made on the date of any Extension of Credit with respect to any Single Employer Plan or, to
the Company’s knowledge, Multiemployer Plan; (ii) each Plan has complied in all material respects
with the applicable provisions of ERISA and the Code; (iii) no termination of a Single Employer
Plan has occurred, and no Lien (other than Liens permitted under subsection 9.3) on assets of the
Company or any Commonly Controlled Entity in favor of the PBGC or a Single Employer Plan has
arisen, during such five-year period; and (iv) the present value of all accrued benefits under each
Single Employer Plan (based on actuarial assumptions used for funding purposes in the most recent
actuarial evaluation reasonably prepared by such Plan’s actuary with respect to such Plan) did not,
as of the last annual valuation date prior to the date on which this representation is made or
deemed made on the date of any Extension of Credit, exceed the then-current value of the assets of
such Plan allocable to such

40

 

accrued benefits. Except as would not reasonably be expected, either
individually or in the aggregate, to have a Material Adverse Effect, (i) neither the Company nor
any Commonly Controlled Entity has had a complete or partial withdrawal from any Multiemployer
Plan; (ii) neither the Company nor any Commonly Controlled Entity would become subject to any
liability under ERISA if (a) the Company or any such Commonly Controlled Entity were to withdraw
completely from all Multiemployer Plans as of the valuation date most closely preceding the date on
which this representation is made or deemed made or (b) any such Multiemployer Plan is in
Reorganization or Insolvent. The present value (determined using actuarial and other assumptions
which are reasonable in respect of the benefits provided and the employees participating) of the
liability of the Company and each Commonly Controlled Entity for accrued post retirement benefits
to be provided to their current and former employees under Plans which are welfare benefit plans
(as defined in Section 3(1) of ERISA) does not, in the aggregate, exceed the value of the assets
under all such Plans allocable to such benefits by an amount in excess of $25,000,000.

     6.13. Investment Company Act; Other Regulations. The Company is not an “investment
company”, or a company “controlled” by an “investment company,” within the meaning of the
Investment Company Act of 1940, as amended. The Company is not subject to regulation under any
Federal or State statute or regulation (other than Regulation X of the Board of Governors of the
Federal Reserve System) which limits its ability to incur Indebtedness under this Agreement.

     6.14. Subsidiaries. As of the date of this Agreement, Schedule 6.14 lists all the
Subsidiaries of the Company at the date hereof.

     6.15. Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used by the Company and its
Subsidiaries to refinance existing bank lines and for all other general corporate purposes
including, without limitation, working capital, letters of credit, repayment, prepayment or
purchase of long-term Indebtedness, Investments and Restricted Payments.

     6.16. Accuracy and Completeness of Information. All written certificates, documents
and written statements heretofore furnished by the Company to the Lenders for use in connection
with this Agreement, and all such information hereafter furnished by the Company to any Lender for
use in connection with this Agreement, will not, at the time delivered, taken as a whole with all
other certificates, documents and written statements furnished substantially contemporaneously
therewith, contain any untrue statement of a material fact or omit to state a material fact known
to the Company and necessary in order to make the statements made or to be made, in the light of
the circumstances under which they were or will be made, not misleading.

     6.17. Environmental Matters. Except to the extent that any of the following are not
reasonably expected to have a Material Adverse Effect:

          (a) The facilities and properties owned, leased or operated by the Company or any of its
Subsidiaries (the “Properties”) do not to the knowledge of the Company after due inquiry
contain and, to the knowledge of the Company during its period of ownership, lease or operation of
the Properties, have not previously contained, any Materials of Environmental

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Concern in amounts or
concentrations which (i) constitute a violation of, or (ii) are reasonably expected to give rise to
liability on the part of the Company or any of its Restricted Subsidiaries under, any applicable
Environmental Law.

          (b) The Properties and all operations at the Properties are in compliance, and during the
five-year period prior to the date on which this representation is made or deemed made on the date
of any Extension of Credit been in compliance, in all material respects with all applicable
Environmental Laws, and there is no contamination of Materials of Environmental Concern at, under
or about the Properties or violation of any Environmental Law with respect to the Properties or the
business operated by the Company or any of its Subsidiaries on such Properties (the
“Business”) which could materially interfere with the continued operation of the Properties
or materially impair the fair saleable value thereof.

          (c) Neither the Company nor any of its Subsidiaries has received any written notice of
violation, alleged violation, non-compliance, liability or potential liability regarding or
compliance or non-compliance with any applicable Environmental Laws with regard to any of the
Properties or the Business, nor does the Company have knowledge or reason to believe that any such
notice will be received or is being threatened.

          (d) Materials of Environmental Concern have not to the knowledge of the Company after due
inquiry been transported or disposed of from the Properties in violation of any applicable
Environmental Law, nor have any Materials of Environmental Concern to the knowledge of the Company
after due inquiry been generated, treated, stored or disposed of at, on
or under any of the Properties in violation of, or in a manner that would reasonably be
expected to give rise to liability on the part of the Company or its Subsidiaries under, any
applicable Environmental Law.

          (e) No judicial proceeding or governmental or administrative action is pending or, to the
knowledge of the Company, threatened, under any Environmental Law to which the Company or any
Subsidiary is or will be named as a party with respect to the Properties or the Business, nor are
there any consent decrees or other decrees, consent orders, administrative orders or other orders,
or other administrative or judicial requirements outstanding under any Environmental Law with
respect to the Properties or the Business.

          (f) There has been no release of Materials of Environmental Concern at or from the Properties,
or arising from or related to the operations of the Company or any Subsidiary in connection with
the Properties or otherwise in connection with the Business, in violation of any applicable
Environmental Laws.

SECTION 7

CONDITIONS PRECEDENT

     7.1. Conditions to Initial Extensions of Credit. The agreement of each Lender to make
the initial Extension of Credit requested to be made by it is subject to the satisfaction,

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immediately prior to or concurrently with the making of such Extension of Credit on the Closing
Date, of the following conditions precedent:

          (a) Credit Agreement. The Administrative Agent shall have received this Agreement,
executed and delivered by each Lender and by the Company.

          (b) Borrowing Certificate. The Administrative Agent shall have received, with a
counterpart for each Lender, a certificate of the Company, dated the Closing Date, substantially in
the form of Exhibit B hereto, with appropriate insertions and attachments, satisfactory in
form and substance to the Administrative Agent, executed by two Responsible Officers. There shall
be attached to such certificate (i) a copy of the resolutions, in form and substance satisfactory
to the Administrative Agent, of the Board of Directors of the Company authorizing the execution,
delivery and performance of this Agreement and (ii) specimen signatures of officers of the Company
authorized to execute this Agreement and related documents as of the date hereof.

          (c) Corporate Documents. The Administrative Agent shall have received, with a
counterpart for each Lender, true and complete copies of the certificate of incorporation and
by-laws of the Company, certified as of the Closing Date as complete and correct copies thereof by
two Responsible Officers.

          (d) Consents, Licenses and Approvals. The Administrative Agent shall have received,
with a counterpart for each Lender, a certificate of a Responsible Officer of the
Company (i) attaching copies of all consents, authorizations and filings, if any, referred to
in subsection 6.4, and (ii) stating that such consents, authorizations and filings are in full
force and effect, and each such consent, authorization and filing shall be in form and substance
satisfactory to the Administrative Agent.

          (e) Fees. The Administrative Agent shall have received the fees to be received on the
Closing Date referred to in subsection 5.1(b).

          (f) Financial Statements. The Administrative Agent shall have received, with a copy
for each Lender the financial statements described in subsection 6.1.

          (g) Legal Opinions. The Administrative Agent shall have received, with a counterpart
for each Lender, the following executed legal opinions:

               (i) the executed legal opinion of Jones Day, counsel to the Company,
substantially in the form of Exhibit I-l hereto; and

               (ii) the executed legal opinion of the general counsel of the Company,
substantially in the form of Exhibit I-2 hereto.

Each such legal opinion shall cover such other matters incident to the transactions contemplated by
this Agreement as the Administrative Agent may reasonably require.

          (h) Prior Credit Agreement. All amounts outstanding under the Company’s
Multi-Currency, Multi-Option Credit Agreement dated as of August 14, 2002, as amended, shall

43

 

have
been repaid (except for the existing letters of credit specified on Schedule III which
shall be continued and be deemed to be Letters of Credit issued and outstanding hereunder), and all
commitments to extend credit thereunder shall have been terminated.

     7.2. Conditions to Each Extension of Credit. The agreement of each Lender to make any
Extension of Credit requested to be made by it on any date (including, without limitation, its
initial Extension of Credit) is subject to the satisfaction of the following conditions precedent:

          (a) Representations and Warranties. Each of the representations and warranties made
by the Company in or pursuant to this Agreement shall be true and correct in all material respects
on and as of such date as if made on and as of such date (except to the extent any such
representations and warranties relate, by their terms, to a specific date, in which case such
representations and warranties shall be true and correct in all material respects on and as of such
specific date).

          (b) No Default. No Default or Event of Default shall have occurred and be continuing
on such date or after giving effect to the Extensions of Credit requested to be made on such date.

Each request by the Company for an Extension of Credit hereunder shall constitute a representation
and warranty by the Company as of the date on which such Extension of Credit is to be made that the
conditions contained in this subsection have been satisfied.

SECTION 8

AFFIRMATIVE COVENANTS

     The Company hereby agrees that, so long as the Commitments remain in effect or any amount is
owing by the Company to any Lender or the Administrative Agent hereunder the Company shall and
(except in the case of delivery of financial information, certifications, reports and notices)
shall cause each of its Restricted Subsidiaries to:

     8.1. Financial Statements. Furnish to each Lender:

          (a) within ten (10) Business Days of the availability thereof, but in any event within 90 days
after the end of each fiscal year of the Company, a copy of the consolidated balance sheet of the
Company and its consolidated Subsidiaries as at the end of such fiscal year and the related
consolidated statements of income and cash flows for such year, setting forth in each case in
comparative form the figures for the previous fiscal year, reported on without a “going concern” or
like qualification or exception with respect to such audited consolidated financial statements, by
KPMG LLP or other independent certified public accountants of nationally recognized standing (it
being understood that the report referred to in this sentence is the report with respect to the
Company’s audited consolidated financial statements and not any report with respect to the
effectiveness of the Company’s internal controls over financial reporting);

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          (b) within ten (10) Business Days of the availability thereof, but in any event not later than
45 days after the end of each of the first three quarterly periods of each fiscal year of the
Company, commencing with the fiscal quarter ending September 30, 2005, the unaudited consolidated
balance sheet of the Company and its consolidated Subsidiaries as at the end of such quarter and
the related unaudited consolidated statements of income and cash flows of the Company and its
consolidated Subsidiaries for such quarter and for the portion of the Company’s fiscal year ended
at such quarter, setting forth in each case in comparative form the figures for the corresponding
previous quarter and the corresponding portion of the Company’s previous fiscal year, certified by
a Responsible Officer as being fairly stated in all material respects (subject to normal year-end
audit adjustments and the absence of footnotes);

          (c) all such financial statements shall be complete and correct in all material respects and
shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout
the periods reflected therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein); and

          (d) promptly after the same are sent, copies of all financial statements and reports which the
Company sends to its stockholders generally, and promptly after the same are
filed, copies of all financial statements and periodic reports which the Company may make to,
or file with, the U.S. Securities and Exchange Commission (the “SEC”);

provided, that any documents required to be delivered pursuant to subsection 8.1(a), (b) or
subsection 8.2(f) (to the extent any such documents are included in materials otherwise filed with
the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which the Company posts such documents, or provides a link thereto, on
the Company’s website on the internet at the following website address: www.harman.com; or (ii) on
which such documents are posted on the Company’s behalf on IntraLinks/IntraAgency or another
relevant website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party or SEC website or whether sponsored by the Administrative Agent);
provided that the Company shall notify (which may be by facsimile or electronic mail) the
Administrative Agent and each Lender of the posting of any such documents and provide to the
Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such
documents to the extent such Lender or the Administrative Agent reasonably demonstrates that it
cannot access or obtain such documents.

     8.2. Certificates; Other Information. Furnish to each Lender:

          (a) concurrently with the delivery of the financial statements referred to in subsection
8.1(a), a certificate of the independent certified public accountants reporting on such financial
statements stating whether to its knowledge there exists on the date of such certificate any
Default or Event of Default, and, if any such Default or Event of Default exists, specifying such
Default or Event of Default in such certificate;

          (b) concurrently with the delivery of the financial statements referred to in subsections
8.1(a) and (b), a certificate of a Responsible Officer stating that, to the best of such Officer’s
knowledge, whether any Default or Event of Default exists on the date of such

45

 

certificate and, if
any such Default or Event of Default exists, specifying such Default or Event of Default in such
certificate;

          (c) within 45 days after the end of each of the first three fiscal quarters in each fiscal
year of the Company, and within 90 days after the end of each fiscal year of the Company, a
certificate of the chief financial officer of the Company showing in reasonable detail the
computations required to calculate the ratios set forth in subsection 9.1(a); and

          (d) promptly, such additional available information regarding the business or financial
condition of the Company or any of its Subsidiaries (not otherwise required to be delivered to the
Administrative Agent or any Lender under any Loan Document) as any Lender may from time to time
reasonably request.

     8.3. Payment of Obligations. Pay, discharge or otherwise satisfy (or renew or extend)
at or before maturity or before they become delinquent, as the case may be, all its obligations of
whatever nature, except (a) where the amount or validity thereof is currently being contested in
good faith by appropriate
proceedings and reserves in conformity with GAAP with respect thereto have been provided on
the books of the Company or its Subsidiaries, as the case may be, or (b) to the extent that any
such failure to so pay, discharge or satisfy would not be reasonably expected to have a Material
Adverse Effect.

     8.4. Conduct of Business and Maintenance of Existence. (a) Continue to engage in
business of the same general type as now conducted by it and other businesses and activities
related or incidental thereto and (b) preserve, renew and keep in full force and effect its
corporate or other organizational existence and (c) take all reasonable action required to maintain
all rights, privileges and franchises required in the conduct of its business, except (x) in the
case of clause (b) above, as otherwise permitted pursuant to subsection 9.4 and subsection 9.5 and
(y) in the case of clause (c) above, as otherwise permitted pursuant to subsection 9.5 and to the
extent any other failure to do so would not reasonably be expected to have a Material Adverse
Effect; and comply with all Contractual Obligations and Requirements of Law except to the extent
that any failure to comply therewith would not be reasonably expected to have a Material Adverse
Effect.

     8.5. Maintenance of Property; Insurance. Keep all property useful and necessary in
its business in good working order and condition (ordinary wear and tear excepted) except for any
failures to so maintain such property that would not have a Material Adverse Effect; maintain with
financially sound and reputable insurance companies insurance on all such property on an “all risk”
basis in a manner reasonably comparable to other similarly situated companies; and furnish to each
Lender, upon written request, certificates as to the insurance carried.

     8.6. Inspection of Property; Books and Records; Discussions. Keep proper books of
records and account in which entries which are full, true and correct in all material respects and
in conformity with GAAP and all applicable material Requirements of Law shall be made of all
dealings and transactions in relation to its business and activities; and permit representatives of
the Lenders to visit and inspect any of its material properties and examine and make abstracts from
any of its books and records at any reasonable time, upon reasonable prior written notice delivered
to the Company and as often as may reasonably be desired and to discuss the business, operations,
properties and financial condition of the Company and its Subsidiaries with officers

46

 

and employees
of the Company and its Subsidiaries and with its independent certified public accountants; provided
that all such inspections shall be coordinated by the Lenders with the Administrative Agent, and by
the Administrative Agent with the Company, in order to minimize disruption of the Company’s or any
of its Subsidiaries’ business.

     8.7. Notices. Promptly give notice to the Administrative Agent and each Lender of:

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

          (b) any (i) default or event of default under any Contractual Obligation of the Company or any
of its Subsidiaries or (ii) litigation, investigation or proceeding which may exist at any time
between the Company or any of its Subsidiaries and any Governmental Authority, which in any case
under (A) clause (i) would reasonably be expected to have a Material Adverse Effect and (B) in
respect of clause (ii) above in which there is a reasonable expectation of a determination adverse
to the Company or such Subsidiary that would reasonably be expected to have a Material Adverse
Effect;

          (c) any litigation or proceeding against the Company or any of its Subsidiaries (other than as
described under clause (b) above) in which there is a reasonable expectation of a determination
adverse to the Company or such Subsidiary that would reasonably be expected to have a Material
Adverse Effect;

          (d) any of the following events, as soon as possible, and in any event within 30 days after
the Company knows thereof: (i) the occurrence (or, with respect to any Reportable Event for which
advance notice to the PBGC is required under ERISA, expected occurrence) of any Reportable Event
with respect to any Single Employer Plan or Multiemployer Plan, a failure of the Company or a
Commonly Controlled Entity to make any required contribution to a Plan, the creation of any Lien
(other than Liens permitted under subsection 9.3) on the assets of the Company or any Commonly
Controlled Entity in favor of the PBGC or a Plan or any withdrawal of the Company or a Commonly
Controlled Entity from, or the termination, Reorganization or Insolvency of, any Multiemployer Plan
or (ii) the institution of proceedings or the notice of the intention to institute proceedings by
the PBGC or the Company or any Commonly Controlled Entity or any Multiemployer Plan with respect to
the withdrawal from, or the termination, Reorganization or Insolvency of, any Single Employer Plan
or Multiemployer Plan, if in the case of any such event under clause (i) and clause (ii) above such
event would have a Material Adverse Effect; and

          (e) any other development or event which would reasonably be expected to have a Material
Adverse Effect.

Each notice pursuant to this subsection shall be accompanied by a statement of a Responsible
Officer setting forth details of the occurrence referred to therein and stating what action the
Company proposes to take with respect thereto.

     8.8. Environmental Laws. (a) Comply with all applicable Environmental Laws and obtain
and comply in all material respects with and maintain any and all licenses, approvals,
notifications, registrations or permits required to be obtained and maintained by the Company or

47

 

its Subsidiaries by applicable Environmental Laws, except to the extent that any failure to so
obtain, comply or maintain would not be reasonably expected to have a Material Adverse Effect.

          (b) Conduct and complete all investigations and all remedial, removal and other actions in
respect of any Materials of Environmental Concern required to be conducted or completed by the
Company or its Subsidiaries under Environmental Laws and promptly comply in all material respects
with all lawful orders and directives of all Governmental Authorities
applicable to the Company or its Subsidiaries regarding Environmental Laws except to the
extent that (i) the same are being contested in good faith by appropriate proceedings and could not
be reasonably expected to have a Material Adverse Effect or (ii) any failure to conduct, complete
or comply would not be reasonably expected to have a Material Adverse Effect.

SECTION 9

NEGATIVE COVENANTS

     The Company hereby agrees that, so long as the Commitments remain in effect or any amount is
owing to any Lender or the Administrative Agent hereunder or under any other Loan Document, the
Company shall not, directly or indirectly:

     9.1. Financial Condition Covenants.

          (a) Consolidated Total Debt to Consolidated Capitalization. Permit the ratio of
Consolidated Total Debt to Consolidated Capitalization at any time to be greater than 60%.

          (b) Interest Coverage Ratio. Permit the Interest Coverage Ratio for any period of
four consecutive fiscal quarters to be less than 3.5 to 1.0.

     9.2. Limitation on Indebtedness of Restricted Subsidiaries. Permit any Restricted
Subsidiary to create, incur, assume or suffer to exist any Indebtedness, except:

          (a) Indebtedness incurred under this Agreement;

          (b) Indebtedness of any Restricted Subsidiary to the Company or any other Restricted
Subsidiary;

          (c) Indebtedness listed on Schedule 9.2 and any extension, renewal, refinancing, refunding,
replacement or restructuring of any such Indebtedness from time to time (in whole or in part),
provided that the outstanding principal amount of any such Indebtedness may only be
increased to the extent any such increase would not violate subsection 9.2(q);

          (d) Indebtedness of any Person which becomes a Restricted Subsidiary after the date hereof,
provided that (i) such Indebtedness existed at the time such Person became a Restricted Subsidiary
and was not created in anticipation thereof and (ii) immediately after such Person becomes a
Restricted Subsidiary no Event of Default shall have occurred and be continuing;

48

 

          (e) Indebtedness secured by any Lien permitted by subsection 9.3(g) and any extension,
renewal, refinancing, refunding, replacement or restructuring of any such Indebtedness from time to
time (in whole or in part), provided that the outstanding principal
amount of any such Indebtedness may only be increased to the extent any such increase would
not violate subsection 9.2(q);

          (f) Guarantee Obligations arising in respect of guarantees of any Indebtedness permitted under
this subsection 9.2;

          (g) Indebtedness constituting Investments permitted under subsection 9.7;

          (h) Indebtedness arising in respect of transactions constituting Sale and Lease-Back
Transactions permitted under subsection 9.9;

          (i) Subordinated Debt;

          (j) Indebtedness incurred or arising from or in connection with any bid, performance, surety,
statutory, completion, return-of-money or appeal bonds or similar obligations issued, existing or
incurred in the ordinary course of business;

          (k) Indebtedness owed to any officers or employees of the Company or any Restricted Subsidiary
incurred in connection with any Permitted Business Acquisition, provided that the aggregate
principal amount of all such Indebtedness shall not exceed $5,000,000 at any time outstanding;

          (l) Indebtedness secured by a Lien on any asset or property at the time of acquisition of such
asset or property by the Company or any Restricted Subsidiary pursuant to a transaction not
prohibited by this Agreement, provided that (i) such Indebtedness existed at the time the
asset or property was so acquired and was not created in contemplation of the acquisition thereof
and (ii) the outstanding principal amount of such Indebtedness may only be increased to the extent
such increase would not violate subsection 9.2(q);

          (m) Indebtedness arising or incurred as a result of or from the adjudication or settlement of
any litigation or from any arbitration or mediation award or settlement, in any case involving the
Company or any Restricted Subsidiary, provided that the judgment, award(s) and/or
settlements to which such Indebtedness relates would not constitute an Event of Default under
subsection 10(h) of this Credit Agreement;

          (n) Indebtedness incurred or arising from or as a result of agreements providing for
indemnification, deferred payment obligations, purchase price adjustments, earn-out payments or
similar obligations;

          (o) Indebtedness arising from or in connection with accounts payable (for the deferred
purchase price of property or services) in the ordinary course of business greater than 90 days
past the invoice or billing date which are being contested in good faith by appropriate proceedings
and for which adequate reserves shall have been established by the Company or any Restricted
Subsidiary in conformity with GAAP;

49

 

          (p) any extension, renewal, refinancing, refunding, restructuring or replacement (or
successive extensions, renewals, refinancings, refundings, restructurings or replacements), in
whole or in part, of any Indebtedness referred to in the foregoing clauses (b),
(d), (i), (j), (l) and (o); provided that no such extension, renewal, refinancing, refunding,
restructuring or replacement shall result in an increase in the principal amount of such
Indebtedness (except to the extent any such increase would not violate subsection 9.2(q)); and

          (q) any other Indebtedness (not otherwise permitted under this Agreement), provided
that the aggregate principal amount of all such Indebtedness shall not exceed, in the aggregate (as
to the Company and all Restricted Subsidiaries taken as a whole) 15% of Consolidated Tangible Net
Worth calculated, with respect to any date of incurrence of any such Indebtedness, as at the last
day of the most recently ended fiscal quarter of the Company immediately preceding such date and
any extensions, renewals, refinancings, refundings, restructurings and replacements, in whole or in
part, of any such Indebtedness (provided that no such extension, renewal, refinancing,
refunding, restructuring or replacement shall result in an increase in the original principal
amount of such Indebtedness (except to the extent any such increase would not violate subsection
9.2(q)).

     9.3. Limitation on Liens. Create, incur, assume or suffer to exist, or permit any
Restricted Subsidiary to create, incur, assume or suffer to exist, any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, except for:

          (a) Liens for taxes, assessments or other charges of any Governmental Authority for claims not
yet due or which are being contested in good faith by appropriate proceedings, provided that
adequate reserves with respect thereto are maintained on the books of the Company or its Restricted
Subsidiaries, as the case may be, in conformity with GAAP (or, in the case of Foreign Subsidiaries,
generally accepted accounting principles in effect from time to time in their respective
jurisdictions of incorporation);

          (b) Liens of carriers, shippers, suppliers, vendors, warehousemen, mechanics, materialmen,
repairmen and other like Liens arising in the ordinary course of business which are not overdue for
a period of more than 90 days or which are being contested in good faith by appropriate
proceedings;

          (c) Liens arising in connection with workers’ compensation, unemployment insurance, pension
plans or systems or other types of social security or other governmental requirements, Liens
securing liability to insurance carriers under insurance or self-insurance arrangements and Liens
arising under ERISA to secure contingent liabilities not prohibited under this Agreement;

          (d) Liens securing the payment or performance of bids, tenders, trade contracts (other than
for borrowed money), leases, regulatory and statutory obligations, indemnification obligations,
surety bonds, tender performance bonds, completion bonds, return-of-money bonds and other
obligations of a like nature (including Liens to secure health, safety and environmental
obligations) incurred in the ordinary course of business;

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          (e) easements, rights-of-way, restrictions, servitudes, encroachments, covenants,
reservations, permits, zoning and building ordinances, municipal and local regulations, easement
agreements, and similar charges, licenses, concessions, restrictions,
conditions or encumbrances on, over or in respect of any property and other similar
encumbrances and defects in title which, in the aggregate, are not substantial in amount and which
do not materially detract from the value of the properties subject thereto or materially interfere
with the conduct of the business of the Company or such Restricted Subsidiary;

          (f) Liens in existence on the date hereof listed on Schedule 9.2 and any extension,
renewal, refinancing, restructuring or replacement from time to time of any such Lien, provided
that (i) no such Lien may be extended to cover any additional property except to the extent
any such extension would not violate subsection 9.3(u) after the Closing Date and (ii) that the
principal amount of Indebtedness secured thereby is not increased after the Closing Date (except to
the extent any such increase is otherwise permitted under this Agreement);

          (g) Liens securing Indebtedness or other obligations of the Company or any Restricted
Subsidiaries incurred to finance the acquisition, construction, development, improvement or leasing
of fixed or capital assets or other property, provided that (i) such Liens shall be created
substantially simultaneously with the acquisition, construction, development, improvement or
leasing of such fixed or capital assets, (ii) such Liens are not extended at any time to encumber
any property other than the property financed by such Indebtedness or other obligations (and the
proceeds thereof and contract rights, subleases and other rights related thereto) except to the
extent any such extension would not violate subsection 9.3(u), and (iii) the principal amount of
Indebtedness secured thereby is not increased (except to the extent any such increase is otherwise
permitted under this Agreement);

          (h) Liens consisting of (i) landlord’s Liens under leases to which the Company or any of its
Restricted Subsidiaries is a party or other Liens on leased property reserved in leases thereof for
rent or for compliance with the terms of such leases, (ii) rights reserved to or vested in any
Governmental Authority to control or regulate any property of the Company or any of its Restricted
Subsidiaries, or to use such property in any manner which does not materially impair the use of
such property for the purposes for which it is held by the Company or any such Restricted
Subsidiary, (iii) obligations or duties to any Governmental Authority with respect to any
franchise, grant, license, lease or permit and the rights reserved or vested in any Governmental
Authority or public utility to terminate any such franchise, grant, license, lease or permit or to
condemn or expropriate any property, and (iv) zoning laws and ordinances and municipal regulations;

          (i) Liens in favor of customs and revenue authorities arising by operation of law and arising
from or in connection with the payment of customs duties in connection with the importation of
goods;

          (j) Liens on the property or assets of, or on the Capital Stock in, any Person which becomes a
Restricted Subsidiary after the date hereof securing Indebtedness in existence at the time such
Person became a Restricted Subsidiary, provided that (i) such Liens existed at the time such Person
became a Restricted Subsidiary and were not created in anticipation thereof, (ii) any such Lien is
not extended to cover any property or assets of such Person after the

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time such Person becomes a
Subsidiary (except to the extent any such extension would not violate subsection 9.3(u)), and (iii)
the principal amount of Indebtedness secured thereby is not increased (except to the extent any
such increase is otherwise permitted under this Agreement);

          (k) Liens on the property or assets of any Person existing at the time such Person is merged
or consolidated with or into, the Company or any Restricted Subsidiary or at the time of a sale of
the properties and assets of such Person as an entirety or substantially as an entirety to the
Company or any Restricted Subsidiary, and Liens on any property or assets first acquired by the
Company or any Restricted Subsidiary after the date of this Agreement, provided that (i) no such
Lien shall be extended to cover any property other than the property initially subject thereto and
improvements thereto (except to the extent any such extension would not violate subsection 9.3(u)),
and (ii) the principal amount of Indebtedness secured by any such Lien is then permitted by this
Agreement;

          (l) Liens on goods and inventory acquired by the Company or any Restricted Subsidiary in the
ordinary course of business securing the payment to the seller of such goods or inventory of the
purchase price therefor, provided, that such Liens are not extended to encumber any goods and
inventory other than goods and inventory to which such purchase price relates (except to the extent
any such extension would not violate subsection 9.3(u));

          (m) Liens arising in connection with letters of credit issued for the account of the Company
or a Restricted Subsidiary securing the indemnification or reimbursement obligations in respect of
such letters of credit, provided, that such Liens are not extended to encumber any property other
than the property being acquired through payments made under such letters of credit or the
documents of title and shipping and insurance documents relating to such property (except to the
extent any such extension would not violate subsection 9.3(u));

          (n) Liens on intellectual property acquired by the Company or a Restricted Subsidiary (such as
software) securing the obligation of the Company or such Restricted Subsidiary to make royalty or
similar payments to the seller of such intellectual property, provided, that such Liens are not
extended to encumber any intellectual property other than the intellectual property to which such
payments relate (except to the extent any such extension would not violate subsection 9.3(u));

          (o) Liens consisting of judgment or judicial attachment Liens and Liens securing contingent
obligations on appeal or other bonds posted in connection with court proceedings or judgments,
awards or settlements that do not constitute an Event of Default under subsection 10(h) of this
Agreement;

          (p) Liens arising under or with respect to banker’s liens, rights of set-off or similar rights
with respect to deposit accounts and securities accounts;

          (q) Liens constituting rights of first refusal, options or other contractual rights to sell,
assign or otherwise Dispose of any assets or property, or any interest therein;

          (r) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for the sale of goods entered into by the Company or any of its Restricted

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Subsidiaries in the ordinary course of business of the Company or any of its Restricted
Subsidiaries;

          (s) Liens on the products and proceeds (including, without limitation, insurance condemnation
and eminent domain proceeds) of and accessions to, and contract or
other rights (including rights under insurance policies and product warranties) derivative of
or relating to, property subject to Liens under any of the paragraphs of this subsection 9.3;

          (t) any extension, renewal, refinancing, restructuring or replacement (or successive
extensions, renewals, refinancings, restructurings or replacements), as a whole or in part, of any
Lien referred to in the foregoing clauses (d), (f), (g), (h), (j), (k), (l), (m) and (n),
inclusive; provided that (i) no such extension, renewal, refinancing, restructuring or replacement
shall result in an increase in the liabilities secured thereby (except to the extent such increase
would otherwise be permitted under this Agreement) and (ii) such extension, renewal, refinancing,
restructuring or replacement Lien shall not be extended to cover any property other than the same
property that secured the Lien so extended, renewed, refinanced, restructured or replaced (plus
additions, accessions, replacements and improvements to such property) except to the extent that
any such extension, renewal, refinancing, restructuring or replacement of any such Lien would not
violate subsection 9.3(u); and

          (u) any other Liens (not otherwise permitted under this Agreement) which secure obligations
not exceeding, in the aggregate (as to the Company and all Restricted Subsidiaries taken as a
whole) 15% of Consolidated Tangible Net Worth calculated, with respect to any date of creation,
incurrence or assumption of any such Lien, as at the most recently ended fiscal quarter of the
Company immediately preceding such date, and any extension, renewal, refinancing, restructuring or
replacement (or successive extensions, renewals, refinancings, restructurings or replacements), as
a whole or in part, of any such Lien provided that any such Lien would not violate this
subsection 9.3(u).

     9.4. Limitation on Fundamental Changes. Enter into any merger, consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),
or convey, sell, lease, assign, transfer or otherwise dispose of, all or substantially all of its
property as an entirety, business or assets, or permit any Restricted Subsidiary to do any of the
foregoing, except:

          (a) any direct or indirect Subsidiary of the Company may be merged or consolidated with or
into the Company (provided that the Company shall be the continuing or surviving corporation);

          (b) any direct or indirect Subsidiary of the Company may be merged with or into any one or
more Restricted Subsidiaries of the Company (provided that one or more Restricted
Subsidiary or Restricted Subsidiaries shall be the continuing or surviving Person or Persons (as
applicable) and, if the merger involves a wholly-owned Restricted Subsidiary, such wholly-owned
Restricted Subsidiary shall be the continuing or surviving Person);

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          (c) any Restricted Subsidiary may sell, lease, transfer or otherwise dispose of any, all or
substantially all of its assets (upon voluntary liquidation or otherwise) to the Company or any
other Restricted Subsidiary;

          (d) the Company and any Restricted Subsidiary may consummate (i) any transactions permitted by
subsection 9.5, (ii) any transactions permitted by subsection 9.7 and (iii) any transactions
permitted by subsection 9.12; and

          (e) any Restricted Subsidiary may wind-up, liquidate or dissolve so long as (i) the total
value of the assets of such Restricted Subsidiary are less than $2,000,000 and (ii) no Default or
Event of Default shall then exist.

     9.5. Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise
dispose of (each a “Disposition”), or permit any Restricted Subsidiary to make a
Disposition of, any of its respective property, business or assets (including, without limitation,
receivables and leasehold interests but excluding Capital Stock of the Company), whether now owned
or hereafter acquired, other than to the Company or any other wholly-owned Restricted Subsidiary,
or permit any Restricted Subsidiary to issue or sell any shares of such Restricted Subsidiary’s
Capital Stock to any Person other than the Company or any other Restricted Subsidiary, except:

          (a) Dispositions of assets and property that are (i) obsolete, worn, damaged, uneconomic or
otherwise deemed by the Company or any Restricted Subsidiary to no longer be necessary or useful in
the operation of the Company’s or such Restricted Subsidiary’s current or anticipated business or
(ii) replaced by other assets or property of similar suitability and value;

          (b) Dispositions of cash and Cash Equivalents;

          (c) Dispositions of goods and inventory in the ordinary course of business;

          (d) Dispositions of accounts receivable (other than pursuant to subsection 9.5(g)) (i) in the
ordinary course of business in connection with the compromise or collection thereof, (ii) deemed
doubtful or uncollectible in the reasonable discretion of the Company or any Restricted Subsidiary,
(iii) obtained by the Company or any Restricted Subsidiary in the ordinary course of business or
the settlement of joint interest billing accounts in the ordinary course of business, or (iv)
granted to settle collection of accounts receivable or the sale of defaulted accounts arising in
the ordinary course of business in connection with the compromise or collection thereof and not in
connection with any financing transaction;

          (e) any other Disposition (not otherwise permitted under this Agreement) of any assets or
property, provided that the aggregate book value of all assets and properties so Disposed of (as to
the Company and its Restricted Subsidiaries taken as a whole) in the period of twelve consecutive
months immediately preceding such Disposition shall not exceed 20% of Consolidated Total Assets
determined as at the beginning of such twelve-month period;

          (f) Dispositions by the Company or any Restricted Subsidiary of all or any portion of any
Subsidiary (other than a Restricted Subsidiary);

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          (g) other sales or discounts of accounts receivable (as to the Company and all Restricted
Subsidiaries) in an aggregate principal amount not exceeding 10% of Consolidated Tangible Net Worth
calculated, with respect to any date of the occurrence of any such sale or discount, as at the last
day of the most recently ended fiscal quarter of the Company immediately preceding such date;

          (h) licenses and sublicenses by the Company and the Restricted Subsidiaries of intellectual
property in the ordinary course of business;

          (i) Dispositions of assets or property of the Company or any Restricted Subsidiary in the
ordinary course of business (including, without limitation, as a result of any casualty event or
condemnation), provided that the net cash proceeds of any such Disposition (including
without limitation, any settlement of or payment in respect of any casualty insurance claim or
condemnation proceeding relating to any such Disposition) is reinvested (whether through
reparation, restoration, improvement or replacement thereof) by the Company or any Restricted
Subsidiary in assets or property useful to the business of the Company or any Restricted Subsidiary
within 270 days following receipt of such net cash proceeds;

          (j) Dispositions arising as a result of (i) the granting or incurrence of Liens permitted
under subsection 9.3, (ii) transactions permitted under subsection 9.4, (iii) transactions
constituting Investments permitted under subsection 9.7 or subsection 9.12, or (iv) transactions
constituting the declaration and making of Restricted Payments permitted under subsection 9.6 of
this Agreement;

          (k) Dispositions constituting terminations or expirations of leases, licenses and other
agreements in the ordinary course of business;

          (l) Dispositions arising from or in connection with any Sale and Lease-Back Transactions
permitted under subsection 9.9 that is consummated substantially contemporaneously with any such
Disposition by the Person acquiring such assets or property; and

          (m) Dispositions constituting the issuance or series of issuances of Capital Stock of any
Restricted Subsidiary (i) to any Subsidiary or other Person that becomes a Restricted Subsidiary
under this Agreement or (ii) to any other Person (other than the Company or any Restricted
Subsidiary) with a value, in the aggregate for all such issuances by all Restricted Subsidiaries
since the Closing Date, not exceeding 20% of Consolidated Tangible Net Worth calculated, with
respect to any date of the occurrence of any such Disposition, as at the last day of the most
recently ended fiscal quarter of the Company immediately preceding such date.

     9.6. Limitation on Restricted Payments. Declare or pay any dividend (other than
dividends payable solely in common stock of the Company (or in stock options or warrants
convertible into common stock of the Company)) on, or make any payment as consideration for the
purchase, redemption, defeasance, retirement or other acquisition for value of, any shares of any
class of Capital Stock of the Company or any warrants or options to purchase any such Capital
Stock, whether now or hereafter outstanding, or make any other distribution in respect of

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any such
Capital Stock, either directly or indirectly, whether in cash or property or in obligations of the
Company or any Restricted Subsidiary (collectively, “Restricted Payments”), provided that,
notwithstanding the foregoing, the Company and any Restricted Subsidiary may make any Restricted
Payment at any time and from
time to time so long as at the time of and after giving pro forma effect to any such
Restricted Payment the Company is in compliance with the financial covenants set forth in
subsection 9.1.

     9.7. Limitation on Investments. Make any advance (other than demand deposits), loan,
extension of credit or capital contribution to, or purchase for value any Capital Stock, bonds,
notes, debentures or other securities of, any Person (collectively, “Investments”), or
permit any Restricted Subsidiary to do any of the foregoing, except:

          (a) Investments constituting advances and extensions of trade credit in the ordinary course of
business;

          (b) Investments in cash and Cash Equivalents;

          (c) Investments existing on the Closing Date and described on Schedule 9.7 and any
renewals, refinancings or restructurings thereof, provided that the original amount of any
such Investment is not increased (except to the extent any such increase would (i) be permitted
under another provision of this subsection 9.7 or (ii) be permitted under subsection 9.2,
subsection 9.4 or subsection 9.12);

          (d) Permitted Business Acquisitions;

          (e) Investments constituting loans, advances and other extensions of credit to directors,
officers and employees of the Company or any of its Subsidiaries for travel, entertainment and
relocation expenses in the ordinary course of business in an aggregate amount for the Company and
its Subsidiaries not to exceed $1,000,000 at any one time outstanding;

          (f) Investments by the Company in its Restricted Subsidiaries and investments by Restricted
Subsidiaries in the Company and in other Restricted Subsidiaries;

          (g) Investments made as a result of the receipt of non-cash consideration (including
Indebtedness) received in connection with any Disposition permitted under subsection 9.5;

          (h) Investments arising from the repurchase or redemption of Capital Stock or Indebtedness or
the conversion of Indebtedness to Capital Stock in any transaction or manner not otherwise
prohibited under this Agreement;

          (i) Investments made with respect to any Plan;

          (j) Investments (i) arising from or in connection with transactions by the Company or any
Restricted Subsidiary with customers, suppliers, vendors or other account debtors in the ordinary
course of business, including endorsements of negotiable instruments and debt obligations and (ii)
made or received in connection with the bankruptcy, reorganization or

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liquidation of, or the
settlement of delinquent obligations or disputes with, any customers, suppliers, vendors or other
account debtors;

          (k) Investments arising as a result of any transaction permitted under subsection 9.2 or
subsection 9.4;

          (l) any other Investments by the Company or any Restricted Subsidiary in any other Person
(other than any Restricted Subsidiary) permitted under subsection 9.12; and

          (m) Investments in joint ventures entered into in the ordinary course of business (including
Investments by the Company or any Restricted Subsidiary in any joint venture or similar arrangement
with Navis Co., Ltd.).

     9.8. Limitation on Transactions with Affiliates. Enter into, or permit any Restricted
Subsidiary to enter into, any transaction, including, without limitation, any purchase, sale, lease
or exchange of property or the rendering of any service (other than any transaction otherwise
permitted under this Agreement), with any Affiliate (other than the Company or another Restricted
Subsidiary), unless such transaction is (a) in the ordinary course of the Company’s or such
Restricted Subsidiary’s business and (b) upon fair and reasonable terms no less favorable to the
Company or such Restricted Subsidiary, as the case may be, than it would obtain in a comparable
arm’s length transaction with a Person which is not an Affiliate.

     9.9. Limitation on Sales and Leasebacks. Enter into, or permit any Restricted
Subsidiary to enter into, any arrangement with any Person (other than the Company or another
Restricted Subsidiary) providing for the leasing by the Company or such Restricted Subsidiary of
real or personal property which is to be sold or transferred by the Company or such Restricted
Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by
such Person on the security of such property or rental obligations of the Company or such
Restricted Subsidiary (a “Sale and Lease-Back Transaction”), except for (i) Sale and Lease-Back
Transactions having an aggregate Value not exceeding 10% of Consolidated Tangible Net Worth
calculated, with respect to the date of the occurrence of any such Sale and Lease-Back Transaction,
as at the last day of the most recently ended fiscal quarter of the Company immediately preceding
such date, or (ii) Sale and Lease-Back Transactions between the Company and any Restricted
Subsidiary or between Restricted Subsidiaries.

     9.10. Limitation on Changes in Fiscal Year. Permit the fiscal year of the Company to
end on a day other than June 30.

     9.11. Limitation on Material Guarantee Obligations in respect of Indebtedness of
Subsidiaries other than Restricted Subsidiaries. Create, incur or permit to exist, or permit
any Restricted Subsidiary to create, incur or permit to exist, any material Guarantee Obligation in
respect of any Indebtedness of any Subsidiary other than a Restricted Subsidiary, except to the
extent any such material Guarantee Obligation would not violate subsection 9.2 or subsection 9.7.

     9.12. Limitation on Subsidiaries other than Restricted Subsidiaries. Make any
Investment to or in any Subsidiary (other than any Restricted Subsidiary) or to or in any other
Person (in each case other than Investments permitted under subsection 9.7), provided that
the

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Company and any Restricted Subsidiary may make any such Investment in any such Subsidiary or
other Person at any time and from time to time so long as on the date of any such Investment the
aggregate amount of all such Investments shall not exceed thirty (30)% of Consolidated Tangible Net
Worth calculated, with respect to any date of any such Investment as at the last day of the most
recently ended fiscal quarter of the Company immediately preceding such date.

SECTION 10

EVENTS OF DEFAULT

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

          (a) The Company shall fail to pay any principal of any Loan or any Reimbursement Obligation
when due in accordance with the terms thereof or hereof; or the Company shall fail to pay any
interest on any Loan, or any other amount payable hereunder, within five days after any such
interest or other amount becomes due in accordance with the terms thereof or hereof; or

          (b) Any representation or warranty made or deemed made by the Company herein or in any other
Loan Document or which is contained in any certificate, document or financial or other written
statement furnished by it at any time under or in connection with this Agreement shall prove to
have been incorrect in any material respect on or as of the date made or deemed made; or

          (c) The Company shall default in the observance or performance of any agreement contained in
subsection 9, other than subsection 9.2(q), 9.3(u), 9.7, 9.8, 9.11 and 9.12; or

          (d) The Company shall default in the observance or performance of any other agreement
contained in this Agreement or any other Loan Document (other than as provided in paragraphs (a)
through (c) of this subsection), and such default shall continue unremedied for a period of 30 days
after receipt of written notice from the Administrative Agent thereof; or

          (e) The Company or any of its Restricted Subsidiaries shall (i) default in any payment of
principal of or interest on any Indebtedness (other than the Loans) or in the payment of any
Guarantee Obligation, beyond any notice requirement or period of grace (not to exceed 30 days), if
any, provided in the instrument or agreement under which such Indebtedness or Guarantee Obligation
was created, if the aggregate principal amount of the Indebtedness and/or Guarantee Obligations in
respect of which such default or defaults shall have occurred is at least the Dollar Equivalent
Amount of US$50,000,000 or (ii) default in the observance or performance of any other agreement or
condition contained in any instrument or agreement evidencing or
securing any such Indebtedness or Guarantee Obligation, or any other event under such
agreement or instrument shall occur or condition under such agreement or instrument shall exist,
the effect of which default or other event or condition is to cause (or, with respect to any
default occurring in respect of a financial covenant, shall permit the holder or holders of such
Indebtedness or beneficiary or beneficiaries of such Guarantee Obligation (or a trustee or agent

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on
behalf of such holder or holders or beneficiary or beneficiaries) to cause), with the giving of
notice if required, such Indebtedness to become fully due and payable prior to its stated maturity
or such Guarantee Obligation to become fully due and payable; or

          (f) (i) The Company or any of its Restricted Subsidiaries shall commence any case, proceeding
or other action (A) under any existing or future law of any jurisdiction, domestic or foreign,
relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have an order
for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or
seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition
or other relief with respect to it or its debts generally, or (B) seeking appointment of a
receiver, trustee, custodian, conservator or other similar official for it or for all or
substantially all of its assets, or the Company or any of its Restricted Subsidiaries shall make a
general assignment for the benefit of its creditors; or (ii) there shall be commenced against the
Company or any of its Restricted Subsidiaries any case, proceeding or other action of a nature
referred to in clause (i) above which (A) results in the entry of an order for relief or any such
adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 60
days; or (iii) there shall be commenced against the Company or any of its Restricted Subsidiaries
any case, proceeding or other action seeking issuance of a warrant of attachment, execution,
distraint or similar process against all or any substantial part of its assets which results in the
entry of an order for any such relief which shall not have been vacated, discharged, or stayed or
bonded pending appeal within 60 days from the entry thereof; or (iv) the Company shall take any
written action in furtherance of, or indicating its consent to, approval of, or acquiescence in,
any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the Company shall generally
not, or shall admit in writing its inability to, pay its debts as they become due; or

          (g) (i) Any Person shall engage in any non-exempt “prohibited transaction” (as defined in
Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding
deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect
to any Plan or any Lien (other than any Lien permitted under subsection 9.3) in favor of the PBGC
or a Single Employer Plan shall arise on the assets of the Company or any Commonly Controlled
Entity, (iii) a Reportable Event shall occur with respect to, or proceedings under Title IV of
ERISA shall commence to have a trustee appointed, or a trustee shall be appointed under Title IV of
ERISA, to administer or to terminate, any Single Employer Plan, which Reportable Event or
commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the
Majority Lenders, likely to result in the termination of such Plan for purposes of Title IV of
ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, or (v) the
Company or any Commonly Controlled Entity shall incur any liability in connection with a withdrawal
from, or the Insolvency or Reorganization of, a Multiemployer Plan; and in each case in clauses (i)
through (v) above, the occurrence of any such event or condition, together with all other such
events or conditions existing at the time of such occurrence, if any, would reasonably be expected
to have a Material Adverse Effect; or

          (h) One or more final judgments or decrees of a court shall be entered against the Company or
any of its Restricted Subsidiaries for the payment of money in an aggregate amount (to the extent
not adequately covered by insurance) of the Dollar Equivalent Amount of $50,000,000 or more, and
all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending
appeal within 60 days from the entry thereof; or

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          (i) Any Change of Control shall occur;

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) of this subsection with respect to the Company, automatically the Commitments
shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other
amounts owing under this Agreement (including, without limitation, all amounts of L/C Obligations,
whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the
documents required thereunder) shall immediately become due and payable, and (B) if such event is
any other Event of Default, either or both of the following actions may be taken: (i) with the
consent of the Majority Lenders, the Administrative Agent may, or upon the request of the Majority
Lenders, the Administrative Agent shall, by notice to the Company declare the Commitments to be
terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the
consent of the Majority Lenders, the Administrative Agent may, or upon the request of the Majority
Lenders, the Administrative Agent shall, by notice to the Company, declare the Loans hereunder
(with accrued interest thereon) and all other amounts owing under this Agreement (including,
without limitation, all amounts of L/C Obligations, whether or not the beneficiaries of the then
outstanding Letters of Credit shall have presented the documents required thereunder) to be due and
payable forthwith, whereupon the same shall immediately become due and payable.

     Except as expressly provided above in this Section, presentment, demand, protest and all other
notices of any kind are hereby expressly waived.

SECTION 11

THE ADMINISTRATIVE AGENT AND THE ARRANGER

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

     11.2. Delegation of Duties. The Administrative Agent may execute any of its duties
under this Agreement and the other Loan Documents by or through agents or attorneys-in-fact
appointed as such by the Administrative Agent and shall be entitled to advice of counsel concerning
all matters pertaining to such duties. The exculpatory provisions of this Section 11 shall apply
to any such agent and attorney-in-fact of the Administrative Agent.

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     11.3. Exculpatory Provisions. Neither the Administrative Agent nor any of its
officers, directors, employees, agents, attorneys in fact or Affiliates shall be (i) liable for any
action lawfully taken or omitted to be taken by it or such Person under or in connection with this
Agreement or any other Loan Document with the consent of or at the request of the Majority Lenders
or in the absence of its or such Person’s gross negligence or willful misconduct or (ii)
responsible in any manner to any of the Lenders for any recitals, statements, representations or
warranties made by the Company or any officer thereof contained in this Agreement or any other Loan
Document or in any certificate, report, statement or other document referred to or provided for in,
or received by the Administrative Agent under or in connection with, this Agreement or any other
Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency
of this Agreement or any other Loan Document or for any failure of the Company to perform its
obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to
any Lender to ascertain or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the
properties, books or records of the Company.

     11.4. Reliance by Administrative Agent. The Administrative Agent shall be entitled to
rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent,
certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other
document believed by it to be genuine and correct and to have been signed, sent or otherwise
authenticated by the proper Person or Persons and upon advice and statements of legal counsel
(including, without limitation, counsel to the Company), independent accountants and other experts
selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any
note as the owner thereof for all purposes unless a written notice of assignment, negotiation or
transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent
shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement
and the other Loan Documents in accordance with the written request of the Majority Lenders (to the
extent that the Majority Lenders make any such request in accordance with the Loan Documents), and
such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and all future holders of the Loans.

     11.5. Notice of Default. The Administrative Agent shall not be deemed to have
knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the
Administrative Agent has
received notice from a Lender or the Company referring to this Agreement, describing such
Default or Event of Default and stating that such notice is a “notice of default”. In the event
that the Administrative Agent receives such a notice, the Administrative Agent shall give notice
thereof to the Lenders. The Administrative Agent shall take such action with respect to such
Default or Event of Default as shall be reasonably directed by the Majority Lenders; provided that
unless and until the Administrative Agent shall have received such directions, the Administrative
Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default or Event of Default as it shall deem advisable in the best interests
of the Lenders.

     11.6. Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly
acknowledges that neither the Administrative Agent nor any of its officers, directors, employees,
agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that
no act by the Administrative Agent hereinafter taken, including any review of the affairs

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of the
Company, shall be deemed to constitute any representation or warranty by the Administrative Agent
to any Lender. Each Lender represents to the Administrative Agent that it has, independently and
without reliance upon the Administrative Agent or any other Lender, and based on such documents and
information as it has deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of the Company
and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender
also represents that it will, independently and without reliance upon the Administrative Agent or
any other Lender, and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit analysis, appraisals and decisions in taking or not taking
action under this Agreement and the other Loan Documents, and to make such investigation as it
deems necessary to inform itself as to the business, operations, property, financial and other
condition and creditworthiness of the Company. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the
Administrative Agent shall not have any duty or responsibility to provide any Lender with any
credit or other information concerning the business, operations, property, condition (financial or
otherwise), prospects or creditworthiness of the Company which may come into the possession of the
Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or
Affiliates.

     11.7. Indemnification. The Lenders agree to indemnify the Administrative Agent and
the Arranger in their capacity as such (to the extent not reimbursed by the Company and without
limiting the obligation of the Company to do so), ratably according to their respective Commitment
Percentages in effect on the date on which indemnification is sought (or, if indemnification is
sought after the date upon which the Commitments shall have terminated and the Loans shall have
been paid in full, ratably in accordance with their Commitment Percentages immediately prior to
such date), from and against any and all liabilities, obligations, losses, damages, claims,
penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which
may at any time (including, without limitation, at any time following the payment of the Loans) be
imposed on, incurred by or asserted against the Administrative Agent in any way
relating to or arising out of, the Commitments, this Agreement, any of the other Loan
Documents or any documents contemplated by or referred to herein or therein or the transactions
contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or
in connection with any of the foregoing; provided that no Lender shall be liable for the payment of
any portion of such liabilities, obligations, losses, damages, claims, penalties, actions,
judgments, suits, costs, expenses or disbursements resulting solely from the Administrative Agent’s
gross negligence or willful misconduct. The agreements in this subsection shall survive the
payment of the Loans and all other amounts payable hereunder.

     11.8. Administrative Agent in Its Individual Capacity. The Administrative Agent and
its Affiliates may make loans to, accept deposits from and generally engage in any kind of business
with the Company as though the Administrative Agent were not the Administrative Agent hereunder and
under the other Loan Documents. With respect to the Loans made by it, the Administrative Agent
shall have the same rights and powers under this Agreement and the other Loan Documents as any
Lender and may exercise the same as though it were not the Administrative Agent, and the terms
“Lender” and “Lenders” shall include the Administrative Agent in its individual capacity.

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     11.9. Successor Administrative Agent. The Administrative Agent may at any time give
notice of its resignation to the Lenders, each Issuing Bank and the Company. The Majority Lenders
shall, within ten (10) days after receipt of any such notice of resignation, in consultation with
the Company, appoint from among the Lenders a successor agent for the Lenders, which successor
agent shall, unless an Event of Default shall then be continuing, be subject to approval by the
Company (such approval not to be unreasonably withheld), whereupon such successor agent shall
succeed to and become vested with all of the rights, powers and duties of the retiring
Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective
upon the date of such appointment and approval, and the former Administrative Agent’s rights,
powers and duties as Administrative Agent under the Loan Documents shall be terminated, without any
other or further act or deed on the part of such former Administrative Agent or any of the parties
to this Agreement or any holders of the Loans. The fees payable by the Company to a successor
Administrative Agent shall be the same as those payable by the Company to the retiring
Administrative Agent unless otherwise agreed between the Company and such successor. After any
retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Section
11 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was
Administrative Agent under this Agreement and the other Loan Documents.

     11.10. The Arranger. The Arranger, in such capacity, shall have no duties or
responsibilities, and shall incur no obligations or liabilities, under this Agreement or the other
Loan Documents.

SECTION 12

MISCELLANEOUS

     12.1. Amendments and Waivers Generally; Amendments to Schedule. (a) Neither this
Agreement nor any other Loan Document, nor any terms hereof or thereof may be amended, supplemented
or modified except in accordance with the provisions of this subsection. The Majority Lenders and
the Company may, or, with the written consent of the Majority Lenders, the Administrative Agent and
the Company may, from time to time, (i) enter into written amendments, supplements or modifications
hereto and to the other Loan Documents for any purpose or (ii) waive, on such terms and conditions
as the Majority Lenders or the Administrative Agent, as the case may be, may specify in such
instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or
Event of Default and its consequences; provided, however, that no such waiver and no such
amendment, supplement or modification shall (A) reduce the principal amount or extend the final
scheduled date of maturity of any Loan or of any installment thereof, or reduce the stated rate of
any interest or fee payable hereunder (except (x) in connection with any waiver of applicability of
any increase in interest rates during the continuance of an Event of Default (which waiver shall be
effective with the consent of the Majority Lenders) and (y) that any amendment or modification of
defined terms used in the financial covenants in this Agreement shall not constitute a reduction in
the rate of interest or fees for purposes of this clause (A)) or extend the scheduled date of any
payment thereof or increase the amount or extend the expiration date of

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any Lender’s Commitments,
in each case without the consent of each Lender directly affected thereby (except for adjustments
from time to time in accordance with this Agreement and to the extent provided in subsection 2.10),
(B) amend, modify or waive the voting rights of any Lender under this subsection without the
written consent of such Lender, (C) reduce the percentage specified in the definition of Majority
Lenders, or consent to the assignment or transfer by the Company of any of its rights and
obligations under this Agreement and the other Loan Documents without the written consent of all
the Lenders, or (D) amend, modify or waive any provision of Section 11 without the written consent
of the then Administrative Agent. Notwithstanding any of the foregoing, (i) the portions of the
Fee Letter pertaining solely to any fees payable by the Company to the Administrative Agent may be
amended, modified, supplemented or waived in a written instrument signed only by the Company and
the Administrative Agent; (ii) this Agreement may be amended and supplemented in the manner
contemplated under and in accordance with subsection 2.10; (iii) only the consent of the applicable
Lender shall be required to reduce the principal amount of, or the rate of interest on, any
Competitive Advance Loan of such Lender, or any fees or other amounts payable with respect thereto
or change the maturity date or repayment schedule thereof; (iv) no Lender in default of its
obligations under this Agreement shall have any right to approve or disapprove of any amendment,
modification, waiver or consent hereunder, except that the Commitment of such defaulting Lender may
not be increased or extended without the consent of such defaulting Lender; and (v) the terms and
provisions of any Letter of Credit and any Time Draft may be amended, modified, supplemented or
waived in a written instrument signed only by the Issuing Bank that issued such Letter of Credit or
Time Draft (as applicable) and the Company (except to the extent provided in subsection
4.1(a)(proviso) and 4.1(b)(ii)).

          (b) Schedules I, II, IV and V may be amended as follows:

               (i) Schedule I will be amended to add another Person as a Lender hereunder and
to include such new Lender’s Commitment, and/or to change any existing Lender’s
Commitment, in any such case in accordance with any increase in the Commitments
hereunder in accordance with subsection 2.10, upon execution and delivery by the new
Lender, the Company and the Administrative Agent of a New Lender Supplement or by
the existing Lender, the Company and the Administrative Agent of a Commitment
Increase Supplement, as applicable.

               (ii) Schedule II will be amended to change administrative information contained
therein (other than any interest rate definition, Funding Time, Payment Time or
notice time contained therein), upon execution and delivery by the Company and the
Administrative Agent of a Schedule Amendment providing for such amendment.

               (iii) Schedule II will be amended to amend or modify any Funding Time, Payment
Time or notice time contained therein, upon execution and delivery by the Company,
the Majority Lenders and the Administrative Agent of a Schedule Amendment providing
for such amendment.

               (iv) Schedule II will be amended to change any interest rate definition
contained therein or to add additional Available Foreign Currencies (and related

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interest rate definitions and administrative information), upon execution and
delivery by the Company, all the Lenders and the Administrative Agent of a Schedule
Amendment providing for such amendment.

     (v) Schedule IV will be amended (A) to add a Restricted Subsidiary thereto upon
receipt by the Administrative Agent of written notice from the Company by
designating any direct or indirect Subsidiary of the Company that is not immediately
prior to the date of such written notice a Restricted Subsidiary hereunder as a
Restricted Subsidiary (it being understood that any such amendment shall become
effective immediately upon receipt by the Administrative Agent of such notice), and
(B) to remove any Restricted Subsidiary therefrom upon (1) the Disposition
(including any liquidation or dissolution) of any Restricted Subsidiary to any other
Person (other than a Restricted Subsidiary) in any transaction not prohibited under
this Agreement (it being understood that such amendment shall become effective
immediately upon delivery by the Company to the Administrative Agent of written
notice of the consummation of such Disposition) or (2) the merger or consolidation
of any Restricted Subsidiary into another Person in any transaction or series of
transactions not prohibited under this Agreement (it being understood that any such
amendment shall become effective immediately upon the delivery by the Company to the
Administrative Agent of written notice of consummation of any such merger or
consolidation).

     (vi) Schedule V will be amended to designate other Lenders as additional
Issuing Banks, and add administrative information with respect thereto, upon
execution and delivery by the Company, the Administrative Agent and such additional
Issuing Bank of a Schedule Amendment providing for such amendment.

     (vii) Schedule V will be amended to change administrative information with
respect to Issuing Banks, upon execution and delivery by the Company, the
Administrative Agent and such Issuing Bank, as the case may be, of a Schedule
Amendment providing for such amendment.

          (c) Any waiver and any amendment, supplement or modification obtained or made in accordance
with subsection 12.1(a) or (b) shall apply equally to each of the Lenders and shall be binding upon
the Company, the Lenders, the Issuing Banks, the Administrative Agent and all future holders of the
Loans. In the case of any waiver, the Company, the Lenders, the Issuing Banks, and the
Administrative Agent shall be restored to their former positions and rights hereunder and under the
other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and
not continuing; but no such waiver shall extend to any subsequent or other Default or Event of
Default or impair any right consequent thereon.

          (d) Notwithstanding anything to the contrary contained herein or in any other Loan Document,
the Administrative Agent is hereby irrevocably authorized by each Lender (without any notice to or
consent of any Lender unless expressly required by subsection 12.1) to take any action reasonably
requested by the Company to the extent necessary to permit the

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consummation of any transaction
permitted by the Loan Documents or that has been consented to in accordance with subsection 12.1.

     12.2. Notices. (a) All notices, requests and demands to or upon the respective
parties hereto to be effective shall be in writing (including by facsimile transmission) and shall
be delivered by hand or overnight courier service, mailed by certified or registered mail or sent
by facsimile, and in each case shall be deemed to have been duly given or made when received in the
case of registered or certified mail, postage prepaid (except that, if not received during normal
business hours of the recipient, shall be deemed to have been received at the opening of business
on the next Business Day for the recipient), addressed as follows in the case of the Company and
the Administrative Agent, and as set forth in Schedule I in the case of the other parties hereto,
or to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 
	The Company:

	 	Harman International
	 

	 	Industries, Incorporated
	 

	 	1101 Pennsylvania Avenue, N.W.
	 

	 	Suite 1010
	 

	 	Washington, D.C. 20004
	 

	 	Attention: Greg Henry, Treasurer
	 

	 	Fax: 202-662-2202
	 

	 	Attention: Ed Summers, General Counsel
	 

	 	Fax: 818-920-0677
	 
	 	 
	The Administrative Agent:

	 	For notices regarding Loans denominated in Dollars:
	 

	 	JPMorgan Chase Bank, N.A.
	 

	 	Loan and Agency Services
	 

	 	111 Fannin, Floor 10
	 

	 	Houston, TX 77002
	 

	 	Attention: Omar Jones
	 

	 	Fax: 713-550-7912
	 
	 	 
	 

	 	For notices regarding Loans denominated in

Available Foreign Currencies:
	 

	 	J.P. Morgan Europe Limited
	 

	 	125 London Wall
	 

	 	London, England EC2Y 5AJ
	 

	 	Attention: Loan Agency
	 

	 	Fax: 44-(0)-207-777-2360

provided that any Notice of Borrowing, Notice of Competitive Advance Loan, Notice of Continuation,
Notice of Conversion, or any notice pursuant to subsections 2.4, 2.5 or 4.2 shall not be effective
until received. Notices delivered through electronic communications to the extent provided in
paragraph (b) below, shall be effective as provided in said paragraph (b).

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          (b) Notices and other communications to the Administrative Agent, the Lenders and the Issuing
Banks hereunder may be delivered or furnished by electronic communication (including e-mail and
Internet or intranet websites) pursuant to procedures prescribed or approved by the Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to
Section 2 if such Lender has notified the Administrative Agent and the Company that it is incapable
of receiving such notices under such Section by electronic communication. The Administrative Agent
or the Company 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 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.

          (c) Any party hereto may change its address or telecopier number for notices and other
communications hereunder by notice to the other parties hereto.

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

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

     12.5. Payment of Expenses and Taxes. The Company agrees (a) to pay or reimburse the
Administrative Agent for all its reasonable out-of-pocket costs and expenses incurred in connection
with the development, preparation and execution of, and any amendment, supplement or modification
to, this Agreement and the other Loan Documents and any other documents prepared in connection
herewith or therewith, and the consummation and administration of the transactions contemplated
hereby and thereby, including, without limitation, the reasonable fees and disbursements of counsel
to the Administrative Agent, (b) to pay or reimburse each Lender and the Administrative Agent for
all its costs and expenses reasonably incurred in connection with the enforcement or preservation
of any rights under this Agreement, the other Loan

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Documents and any such other documents,
including, without limitation, the fees and disbursements of counsel to each Lender and of counsel
to the Administrative Agent, (c) to pay, indemnify, and hold each Lender and the Administrative
Agent harmless from, any and all recording and filing fees and any and all liabilities with respect
to, or resulting from any delay in paying, stamp, excise and other taxes, if any, which may be
payable or determined to be payable in connection with the execution and delivery of, or
consummation or administration of any of the transactions contemplated by, or any amendment,
supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the
other Loan Documents and any such other documents, and (d) to indemnify and hold the Administrative
Agent, the Arranger and each Lender, their respective affiliates, and their respective officers,
directors, trustees, advisors and controlling
persons, (each, an “indemnified person”) harmless from and against any and all
liabilities, obligations, losses, damages, judgments, claims, penalties, costs, expenses or
disbursements of any kind or nature whatsoever arising out of claims, actions, suits or proceedings
brought by third parties with respect to the execution, delivery, enforcement, performance and
administration of this Agreement or the use of the proceeds of the Extensions of Credit (all the
foregoing, collectively, the “indemnified
liabilities”), provided, that the Company shall
have no obligation hereunder to any indemnified person with respect to indemnified liabilities
arising from (i) the gross negligence or willful misconduct of such indemnified person or any other
indemnified person, or (ii) any claim brought by the Company against an Indemnitee for such
Indemnitee’s bad faith breach of its obligations under any Loan Document or (iii) legal proceedings
commenced against such indemnified person by any security holder or creditor thereof arising out of
and based upon rights afforded any such security holder or creditor solely in its capacity as such.
The agreements in this subsection shall survive repayment of the Loans and all other amounts
payable hereunder.

     12.6. Successors and Assigns; Participations and Assignments. (a) This Agreement
shall be binding upon and inure to the benefit of the Company, the Lenders, the Administrative
Agent and their respective successors and assigns, except that the Company may not assign or
transfer any of its rights or obligations under this Agreement without the prior written consent of
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 clause (c) of this
subsection, (ii) by way of participation in accordance with the provisions of clause (b) of this
subsection, or (iii) by way of pledge or assignment of a security interest subject to the
restrictions of subsection 12.6(f) (and any other attempted assignment or transfer by any party
hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and
assigns permitted hereby, Participants to the extent provided in subsection 12.6(f) 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.

          (b) Any Lender may, in the ordinary course of its commercial banking business and in
accordance with applicable law, at any time sell to one or more banks or other entities
(“Participants”) participating interests in any Loan owing to such Lender, any Commitment
of such Lender or any other interest of such Lender hereunder and under the other Loan Documents.
In the event of any such sale by a Lender of a participating interest to a Participant, such
Lender’s obligations under this Agreement to the other parties to this Agreement shall remain
unchanged, such Lender shall remain solely responsible for the

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performance of such obligations,
such Lender shall remain the holder of any such Extension of Credit for all purposes under this
Agreement and the other Loan Documents, and the Company, the other Lenders, the Issuing Banks and
the Administrative Agent shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement and the other Loan Documents. Any
agreement or instrument pursuant to which a Lender sells any such participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and
to approve any amendment or waiver of any provision of any Loan Document, or any consent to any
departure by the Company
therefrom, except that such agreement or instrument may provide that the Lender will not,
without the consent of the Participant, agree to any such amendment, waiver or consent that would
(i) reduce the principal of, or interest on (except in connection with any waiver of applicability
of any increase in interest rates during the continuance of an Event of Default), the Loans or any
fees payable to all of the Lenders hereunder, or postpone the date of the final maturity of the
Loans, in each case solely to the extent such amendment, waiver or consent directly affects the
Loan or Loans in which the Participant is participating (provided that any waiver of any
Default or Event of Default shall not constitute any amendment to the terms of any such
participation, and that any increase in any Commitment or in the principal amount of any Loan or
any interest thereon shall be permitted without the consent of any Participant if the Participant’s
participation in any Loan is not increased as a result thereof). The Company agrees that if
amounts outstanding under this Agreement are due or unpaid, or shall have been declared or shall
have become due and payable upon the occurrence of an Event of Default, each Participant shall, to
the maximum extent permitted by applicable law, be deemed to have the right of setoff in respect of
its participating interest in amounts owing under this Agreement to the same extent as if the
amount of its participating interest were owing directly to it as a Lender under this Agreement,
provided that, in purchasing such participating interest, such Participant shall be deemed to have
agreed to share with the Lenders the proceeds thereof as
provided in subsection 12.7(a) as fully as
if it were a Lender hereunder. In the case of any such participation, the Participant shall not
have any rights under this Agreement or any of the other Loan Documents (the Participant’s rights
against such Lender in respect of such participation being limited solely to those set forth in the
agreement executed by such Lender in favor of the Participant relating thereto) and all amounts
payable by the Company hereunder shall be determined as if such Lender had not sold such
participation to such Participant; provided that each Participant shall be entitled to the
benefits of subsections 5.4, 5.5 and 5.6 with respect to its participation in the Commitments and
the Loans outstanding from time to time as if it were a Lender; and
provided, further, that
no Participant shall be entitled to receive any greater amount pursuant to any such subsection than
the transferor Lender would have been entitled to receive in respect of the amount of the
participation transferred by such transferor Lender to such Participant had no such transfer
occurred. A Participant that would be a Non-U.S. Lender if it were a Lender shall not be entitled
to the benefits of subsection 5.5 unless the Company is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Company, to comply with subsection
5.5 as though it were a Lender.

          (c) Any Lender may, in the ordinary course of its commercial banking business and in
accordance with applicable law, at any time and from time to time assign to any Lender or any
Affiliate thereof or, with the consent of the Company and the Administrative Agent (which in each
case shall not be unreasonably withheld), to an additional bank or financial institution (an
“Assignee”) all or any part of its rights and obligations under this Agreement and

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the
other Loan Documents pursuant to an Assignment and Acceptance executed by such Assignee, such
assigning Lender (and, in the case of an Assignee that is not then a Lender or an affiliate
thereof, by the Company and the Administrative Agent) and delivered to the Administrative Agent for
its acceptance and recording in the Register, provided that, in the case of any such assignment to
an additional bank or financial institution, the aggregate amount of the Commitment being assigned
and, if such assignment is of less than all of the rights and obligations of the assigning Lender,
the aggregate amount of the Commitment remaining with the assigning Lender are each not less than
$5,000,000 (or such lesser amount as may be agreed
to by the Company and the Administrative Agent). Upon such execution, delivery, acceptance
and recording, from and after the effective date specified in such Assignment and Acceptance, (x)
the Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and
Acceptance, have the rights and obligations of a Lender hereunder with a Commitment as set forth
therein, and (y) the assigning Lender thereunder shall, to the extent provided in such Assignment
and Acceptance, be released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and
obligations under this Agreement, such assigning Lender shall cease to be a party hereto).
Notwithstanding any provision of this paragraph (c) and paragraph (e) of this subsection, the
consent of the Company shall not be required for any assignment which occurs at any time when any
of the events described in subsection 10(f)(i) or (ii) shall have occurred and be continuing.

          (d) The Administrative Agent shall, on behalf of the Company, maintain at the address of the
Administrative Agent referred to in subsection 12.2 a copy of each Assignment and Acceptance
delivered to it and a register (the “Register”) for the recordation of the names and
addresses of the Lenders and the Commitments of, and principal amounts of the Loans owing by the
Company to, each Lender from time to time. The entries in the Register shall be conclusive, in the
absence of manifest error, and the Company, the Administrative Agent and the Lenders shall treat
each Person whose name is recorded in the Register as the owner of a Loan or other obligation
hereunder as the owner thereof for all purposes of this Agreement and the other Loan Documents,
notwithstanding any notice to the contrary. Any assignment of any Loan or other obligation
hereunder shall be effective only upon appropriate entries with respect thereto being made in the
Register. The Register shall be available for inspection by the Company or any Lender at any
reasonable time and from time to time upon reasonable prior notice.

          (e) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an
Assignee (and, in the case of an Assignee that is not then a Lender or an affiliate thereof, by the
Company and the Administrative Agent) together with payment to the Administrative Agent of a
registration and processing fee of $3,500, the Administrative Agent shall (i) promptly accept such
Assignment and Acceptance and (ii) on the effective date determined pursuant thereto record the
information contained therein in the Register and give notice of such acceptance and recordation to
the Lenders and the Company.

          (f) The Company authorizes each Lender to disclose to any Participant or Assignee (each, a
“Transferee”) and any prospective Transferee, subject to the provisions of subsection
12.16, any and all financial information in such Lender’s possession concerning the Company and its
Affiliates which has been delivered to such Lender by or on behalf of the Company pursuant to this
Agreement or which has been delivered to such Lender by or on behalf

70

 

of the Company in connection
with such Lender’s credit evaluation of the Company and its Affiliates prior to becoming a party to
this Agreement, provided, that the Lenders shall take such steps as reasonably necessary to ensure
that confidential information will be treated in a confidential manner as required by subsection
12.16.

          (g) For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of
this subsection concerning assignments of Loans relate only to absolute assignments and that such
provisions do not prohibit assignments creating security interests,
including, without limitation, any pledge or assignment by a Lender of any Loan to any Federal
Reserve Bank in accordance with applicable law.

     12.7. Adjustments; Set-off. (a) If any Lender (a “benefitted Lender”) shall
at any time receive any payment of all or part of its Loans or other Company Obligations then due
and owing, or interest thereon, or receive any collateral in respect thereof (whether voluntarily
or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in
subsection 10(f), or otherwise), in a greater proportion than any such payment to or collateral
received by any other Lender, if any, in respect of such other Lender’s Loans or other Company
Obligations then due and owing, or interest thereon, such benefitted Lender shall notify the
Administrative Agent and purchase (for cash at face value) from the other Lenders a participating
interest in such portion of each such other Lender’s Loans or other Company Obligations, or shall
make such other adjustments as shall be equitable, as shall be necessary to cause such benefitted
Lender to share the excess payment ratably by the Lenders in accordance with the aggregate amount
of principal of and accrued interest on their respective Loans and other Company Obligations owing
to them; provided, however, that if any such participations are purchased and all or any portion of
such excess payment or benefits is thereafter recovered from such benefitted Lender, such purchase
shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery,
but without interest; and the provisions of this subsection shall not be construed to apply to (x)
any payment made by the Company pursuant to and in accordance with the express terms of this
Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of
a participation in any of its Loans or other Company Obligations to any Transferee, other than to
the Company (as to which the provisions of this subsection shall apply).

          (b) If an Event of Default shall have occurred and be continuing, each Lender shall have the
right, without prior notice to the Company, any such notice being expressly waived by the Company
to the extent permitted by applicable law, upon any amount becoming due and payable by the Company
hereunder (whether at the stated maturity, by acceleration or otherwise) to set-off and appropriate
and apply against such amount any and all deposits (general or special, time or demand, provisional
or final), in any currency, and any other credits, indebtedness or claims (other than Hedging
Agreements entered into by the Company and such Lender), in any currency, in each case whether
direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such
Lender or any branch or agency thereof to or for the credit or the account of the Company. Each
Lender agrees promptly to notify the Company and the Administrative Agent after any such set-off
and application made by such Lender, provided that the failure to give such notice shall not affect
the validity of such set-off and application.

71

 

     12.8. Judgment. (a) If for the purpose of obtaining judgment in any court it is
necessary to convert a sum due hereunder in one currency into another currency, the parties hereto
agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall
be that at which in accordance with normal banking procedures the Administrative Agent could
purchase the first
currency with such other currency on the Business Day preceding the day on which final
judgment is given.

          (b) The obligation of the Company in respect of any sum due to any Lender or the
Administrative Agent hereunder shall, notwithstanding any judgment in a currency (the “Judgment
Currency”) other than that in which such sum is denominated in accordance with the applicable
provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent
that on the Business Day following receipt by such Lender or the Administrative Agent (as the case
may be) of any sum adjudged to be so due in the Judgment Currency such Lender or the Administrative
Agent (as the case may be) may in accordance with normal banking procedures purchase the Agreement
Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less
than the sum originally due to such Lender or the Administrative Agent (as the case may be) in the
Agreement Currency, the Company agrees, as a separate obligation and notwithstanding any such
judgment, to indemnify such Lender or the Administrative Agent (as the case may be) against such
loss, and if the amount of the Agreement Currency so purchased exceeds the sum originally due to
any Lender or the Administrative Agent (as the case may be), such Lender or the Administrative
Agent (as the case may be) agrees to remit to the Company such excess.

     12.9. Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts (including by facsimile transmission), and
all of said counterparts taken together shall be deemed to constitute one and the same instrument.
A set of the copies of this Agreement signed by all the parties shall be lodged with the Company
and the Administrative Agent. Delivery of an executed counterpart of a signature page of this
Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this
Agreement.

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

     12.11. Integration. This Agreement and the other Loan Documents represent the
agreement of the Company, the Administrative Agent and the Lenders with respect to the subject
matter hereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or
referred to herein or in the other Loan Documents.

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

72

 

     12.13. Submission to Jurisdiction; Waivers. The Company hereby irrevocably and
unconditionally:

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

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

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to the Company at its address set forth in subsection 12.2 or at
such other address of which the Administrative Agent shall have been notified pursuant
thereto;

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

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

     12.14. Acknowledgements. The Company hereby acknowledges that:

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

     (b) neither the Administrative Agent nor any Lender has any fiduciary relationship with
or duty to the Company arising out of or in connection with this Agreement or any of the
other Loan Documents, and the relationship between Administrative Agent and Lenders, on one
hand, and the Company, on the other hand, in connection herewith or therewith is solely that
of debtor and creditor; and

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

     12.15. WAIVERS OF JURY TRIAL. THE COMPANY, THE ADMINISTRATIVE AGENT AND THE LENDERS
HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

73

 

     12.16. Confidentiality. (a) Each of the Administrative Agent, each other Agent, each
Issuing Bank and each Lender agrees to keep confidential all
information provided to it by the
Company or any of its Subsidiaries pursuant to or in connection with this Agreement, other than any
information that is available to such Person on a non-confidential basis prior to disclosure by the
Company or any of its Subsidiaries (collectively, the
“Information”); provided that nothing
herein shall prevent any Lender from disclosing any such Information (i) to the Administrative
Agent or any other Lender, (ii) to any Transferee or prospective Transferee which agrees to be
bound by the provisions of this subsection 12.16 or substantially equivalent provision, (iii) to
its employees, directors, agents, attorneys, accountants and other professional advisors (it being
understood that all such Persons to whom disclosure is made shall be informed of the confidential
nature of such Information and shall be instructed to and agree to keep such information strictly
confidential), (iv) upon the request or demand of any Governmental Authority having jurisdiction
over it, (v) in response to any order of any court or other Governmental Authority or as may
otherwise be required pursuant to any Requirement of Law, (vi) which has been publicly disclosed by
the Company, or (vii) in connection with the exercise of any remedy hereunder.

          (b) Notwithstanding anything herein to the contrary, “Information” shall not include, and the
Company, the Administrative Agent, each Lender and the respective Affiliates of each of the
foregoing (and the respective partners, directors, officers, employees, agents, advisors and other
representatives of each of the foregoing and their Affiliates), and any other party, may disclose
to any and all Persons, without limitation of any kind, (a) any information with respect to the
U.S. federal and state income tax treatment of the transactions contemplated hereby and any facts
that may be required to understand such tax treatment, which facts shall not include for this
purpose the names of the parties or any other Person named herein, or information that would permit
identification of the parties or such other Persons, or any pricing terms or other nonpublic
business or financial information that is unrelated to such tax treatment or facts, and (b) all
materials of any kind (including opinions or other tax analyses) that are provided to any of the
Persons referred to above relating to such tax treatment or facts.

     12.17. Termination of Existing Credit Agreement. On the Closing Date, all Commitments
under (and as defined in) the Company’s Multi-Currency, Multi-Option Credit Agreement, dated as of
August 14, 2002, as amended (other than existing letters of credit specified on Schedule III which
shall be continued and be deemed to be
Letters of Credit issued and outstanding hereunder), shall terminate, and each Lender
hereunder that is also a Lender under (and as defined in) such Agreement agrees to waive any
provision of such Agreement that would require prior notice of such termination.

     12.18. Patriot Act. Each Lender that is subject to the requirements of the USA
Patriot Act (Title III of Pub. L. 107-56) hereby notifies the Company that pursuant to the
requirements of the USA Patriot Act, it is required to obtain, verify and record information that
identifies the Company, which information includes the name and address of the Company and other
information that is required to enable such Lender to identify the Company in accordance with the
USA Patriot Act. The Company will provide such information to such Lender at its written request.

74

 

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

	 	 	 	 	 
	 	HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED

 	 
	 	By:  	/s/ Frank Meredith
 	 
	 	 	Name:  	Frank Meredith 	 
	 	 	Title:  	Executive Vice President and
Chief Financial Officer 	 
	 
	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent and Lender

 	 
	 	By:  	/s/ Louise E. Duchi
 	 
	 	 	Name:  	Louise E. Duchi 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT dated as of June 28, 2005

Bank of Tokyo-Mitsubishi Trust Company

                    LENDER

 	 
	 	By:  	/s/ Andrew Bernstein
 	 
	 	 	Name:  	Andrew Bernstein 	 
	 	 	Title:  	Assistant Vice President 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT dated as of June 28, 2005

HSBC Bank USA, National Association

                    LENDER

 	 
	 	By:  	/s/ Diane M. Zieske
 	 
	 	 	Name:  	Diane M. Zieske 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT dated as of June 28, 2005

Bayerische Hypo-Und Vereinsbank AG,

New York Branch

                    LENDER

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

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT dated as of June 28, 2005

The Governor and Company of The Bank of Ireland

             
       
        LENDER

 	 
	 	By:  	/s/ Daniel McAneney
 	 
	 	 	Name:  	Daniel McAneney 	 
	 	 	Title:  	Authorised Signatory 	 
	 
	 	 	 
	 	By:  	                     /s/ Frank Schmitt
 	 
	 	 	Name:  	Frank Schmitt 	 
	 	 	Title:  	Authorised Signatory 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT dated as of June 28, 2005

Citibank NA

LENDER

 	 
	 	By:  	/s/ Daniel J. Brill
 	 
	 	 	Name:  	Daniel J. Brill 	 
	 	 	Title:  	Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT dated as of June 28, 2005

Danske Bank A/S

      LENDER

 	 
	 	By:  	/s/ Ole Hatting
 	 
	 	 	Name:  	Ole Hatting 	 
	 	 	Title:  	Chief Legal Counsel 	 
	 
	 	 	 
	 	By:  	                     /s/ Margit Kobbernagel
 	 
	 	 	Name:  	Margit Kobbernagel 	 
	 	 	Title:  	Credit Officer 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT dated as of June 28, 2005

The Bank of Nova Scotia

             LENDER

 	 
	 	By:  	/s/ Brian Allen
 	 
	 	 	Name:  	Brian Allen 	 
	 	 	Title:  	Industry Head 	 
	 

 

 

SCHEDULE I

LENDERS AND COMMITMENTS

	 	 	 	 	 
	LENDER	 	COMMITMENT	 
	JPMorgan Chase Bank, N.A.
	 	$	60,000,000.00	 
	 
	Bank of Tokyo-Mitsubishi Trust Company
	 	$	48,000,000.00	 
	HSBC Bank USA, National Association
	 	$	48,000,000.00	 
	Bayerische Hypo-und Vereinsbank AG, New York Branch
	 	$	48,000,000.00	 
	The Governor and Company of The Bank of Ireland
	 	$	24,000,000.00	 
	Citibank, N.A.
	 	$	24,000,000.00	 
	Danske Bank A/S
	 	$	24,000,000.00	 
	The Bank of Nova Scotia
	 	$	24,000,000.00	 

 

 

SCHEDULE II

ADMINISTRATIVE SCHEDULE

	I.	 	COMMITTED RATE LOANS

	 	A.	 	Interest Rates for Each Currency
	 
	 	Dollars:

	 	1.	 	Committed Rate ABR Loans: ABR
	 
	 	2.	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Dollars, the rate of interest per annum for deposits
in Dollars for a period beginning on the first day of such Interest
Period and ending on the last day of such Interest Period equal to the
British Bankers Association LIBOR Rate for such deposits which appears on
the Telerate Page 3750 (or such other page on the Telerate Service as may
replace such page) comparable in amount to the principal amount of such
Committed Rate Eurocurrency Loan (or, if no such quotation appears on any
such Telerate Page, on the Reuters Screen displaying the British Bankers
Association fixing of its LIBOR Rates for such deposits or such other
screen on Reuters as may replace such screen (or, if no such quotation
appears on any such Reuters Screen, on the page or screen of such other
service as may be nominated as the information vendor for the purpose of
displaying the British Bankers Association fixing of its LIBOR Rates for
such deposits)) as of 11:30 a.m., London time, on the Quotation Day for
such Interest Period.

	 	 	 	Danish Kroner:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Danish Kroner, the rate of interest per annum for
deposits in Danish Kroner for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the rate for such deposits which appears on the applicable Telerate
page displaying such rate comparable in amount to the principal amount of
such Committed Rate Eurocurrency Loan as of 11:30 a.m., London time, on
the Quotation Day for such Interest Period.

 

2

	 	 	 	British Pounds Sterling:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in British Pounds Sterling, the rate of interest per
annum equal to the British Bankers Association LIBOR Rate for such
deposits which appears on the Telerate Page 3750 (or such other page on
the Telerate Service as may replace such page) comparable in amount to
the principal amount of such Committed Rate Eurocurrency Loan (or, if no
such quotation appears on any such Telerate Page, on the Reuters Screen
then displaying the British Bankers Association fixing of its LIBOR Rates
for such deposits (or, if no such quotation appears on any such Reuters
Screen, on the page or screen of such other service as may be nominated
as the information vendor for the purpose of displaying the British
Bankers Association fixing of its LIBOR Rates for such deposits)) at or
about 11:30 A.M., London time, on the Quotation Day for such Interest
Period.

	 	 	 	Swedish Krona:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Swedish Krona, the rate of interest per annum for
deposits in Swedish Krona for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the rate for such deposits which appears on the applicable Telerate
page displaying such rate comparable in amount to the principal amount of
such Committed Rate Eurocurrency Loan as of 11:30 a.m., London time, on
the Quotation Day for such Interest Period.

	 	 	 	Canadian Dollars:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Canadian Dollars, the rate of interest per annum for
deposits in Canadian Dollars for a period beginning on the first day of
such Interest Period and ending on the last day of such Interest Period
equal to the British Bankers Association LIBOR Rate for such deposits
which appears on the Telerate Page 3740 (or such other page on the
Telerate Service as may replace such page) comparable in amount to the
principal amount of such Committed Rate Eurocurrency Loan (or, if no such
quotation appears on any such Telerate Page, on the Reuters Screen then
displaying the British Bankers Association

 

3

	 	 	 	LIBOR Rates on such deposits (or, if no such quotation appears on any
such Reuters Screen, on the page or screen of such other service as may
be nominated as the information vendor for the purpose of displaying the
British Bankers Association fixing of its LIBOR Rates on such deposits))
as of 11:30 a.m., London time, on the Quotation Day for such Interest
Period.

	 	 	 	Swiss Francs:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Swiss Francs, the rate of interest per annum for
deposits in Swiss Francs for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the British Bankers Association LIBOR Rate for such deposits which
appears on the Telerate Page 3750 (or such other page on the Telerate
Service as may replace such page) comparable in amount to the principal
amount of such Committed Rate Eurocurrency Loan (or, if no such quotation
appears on any such Telerate Page, on the Reuters Screen then displaying
the British Bankers Association LIBOR Rates for such deposits (or, if no
such quotation appears on any such Reuters Screen, on the page or screen
of such other service as may be nominated as the information vendor for
the purpose of displaying the British Bankers Association fixing of its
LIBOR Rates for such deposits)) as of 11:30 a.m., London time, on the
Quotation Day for such Interest Period.

	 	 	 	Japanese Yen:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period, in respect of any Committed Rate Eurocurrency
Loan denominated in Japanese Yen, the rate of interest per annum for
deposits in Japanese Yen for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the British Bankers Association LIBOR Rate for such deposits which
appears on the Telerate Page 3750 (or such other page on the Telerate
Service that replaces such page) comparable in amount to the principal
amount of such Committed Rate Eurocurrency Loan (or, if no such quotation
appears on any such Telerate Page, on the Reuters Screen then displaying
the British Bankers Association LIBOR Rate for such deposits (or, if no
such quotation appears on any such Reuters Screen, on the page or screen
of such other service as may be nominated as the information vendor for
the purpose of displaying the British Bankers Association fixing of its

 

4

	 	 	 	LIBOR Rates for such deposits)) as of 11:30 a.m., London time, on the
Quotation Day for such Interest Period.

	 	 	 	Hong Kong Dollars:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Hong Kong Dollars, the rate of interest per annum for
deposits in Hong Kong Dollars for a period beginning on the first day of
such Interest Period and ending on the last day of such Interest Period
equal to the rate for such deposits which appears on the applicable
Telerate page displaying such rate comparable in amount to the principal
amount of such Committed Rate Eurocurrency Loan as of 11:30 a.m., London
time, on the Quotation Day for such Interest Period.

	 	 	 	Singapore Dollars:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Singapore Dollars, the rate of interest per annum for
deposits in Singapore Dollars for a period beginning on the first day of
such Interest Period and ending on the last day of such Interest Period
equal to the rate for such deposits which appears on the applicable
Telerate page displaying such rate comparable in amount to the principal
amount of such Committed Rate Eurocurrency Loan as of 11:30 a.m., London
time, on the Quotation Day for such Interest Period.

	 	 	 	Euros:

	 	 	 	Committed Rate Eurocurrency Loans:

	 	 	 	for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Euros, the rate of interest per annum for deposits in
Euros for a period beginning on the first day of such Interest Period and
ending on the last day of such Interest Period which appears on the
Telerate Page 248 (or such other page on the Telerate Service as may
replace such page) comparable in amount to the principal amount of such
Committed Rate Eurocurrency Loan (or if no such quotation appears on any
such Telerate Page, on the Reuters Screen then displaying the British
Bankers Association fixing of its LIBOR Rates for such deposits (or, if
no such quotation appears on any such Reuters Screen, on the page or
screen of such other service as may be nominated as the information
vendor for the purpose of displaying the

 

5

	 	 	 	British Bankers Association fixing of its LIBOR Rates for such deposits))
as of 11:30 a.m., London time, on the Quotation Day for such Interest
Period.

	 	 	 	If at the time of determination of a Eurocurrency Rate for any Interest Period in
respect of any Committed Rate Eurocurrency Loan to be made under this Agreement in
any Available Foreign Currency cannot be made as described above because the
applicable Telerate page, Reuters screen or other page or screen (as applicable)
ceases to exist, is no longer publishing such Eurocurrency Rate or is otherwise
unavailable, such Eurocurrency Rate shall be equal the average of the rates (rounded
upward to the nearest 1/100th of 1%) at which deposits comparable in
amount to the principal amount of such Committed Rate Eurocurrency Loan in such
Available Foreign Currency for such Interest Period are offered by at least three
(3) leading banks in the relevant eurocurrency and foreign currency interbank market
to the Administrative Agent as of 11:30 a.m., London time, on the Quotation Day for
such Interest Period.

	 	B.	 	Funding Office, Funding Time, Payment Office, Payment Time for Each Currency.

	 	 	 	 	 	 	 	 	 
	Dollars:
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	 	 	 	 	270 Park Avenue
	 

	 	 	 	 	 	 	 	New York, New York 10017
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., New York time
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	JP Morgan Chase Bank, N.A.
	 

	 	 	 	 	 	 	 	270 Park Avenue
	 

	 	 	 	 	 	 	 	New York, New York 10017
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., New York time.
	 
	 	 	 	 	 	 	 	 
	Danish Kroner:
	 	 
	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 5000001963
	 

	 	 	 	 	 	 	 	Nordea Bank
	 

	 	 	 	 	 	 	 	Copenhagen
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 5000001963
	 

	 	 	 	 	 	 	 	Nordea Bank
	 

	 	 	 	 	 	 	 	Copenhagen

 

6

	 	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Sterling:	 	 
	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: CHAPS 40 52 06
	 

	 	 	 	 	 	 	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: CHAPS 40 52 06
	 

	 	 	 	 	 	 	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Swedish Krona:	 	 
	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 52018519395
	 

	 	 	 	 	 	 	 	Skandinaviska Enskilda Banken
	 

	 	 	 	 	 	 	 	Stockholm
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 52018519395
	 

	 	 	 	 	 	 	 	Skandinaviska Enskilda Banken
	 

	 	 	 	 	 	 	 	Stockholm
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Canadian Dollars:	 	 
	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 219 / 442 / 1
	 

	 	 	 	 	 	 	 	Royal Bank of Canada
	 

	 	 	 	 	 	 	 	Canada
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.

 

7

	 	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 219 / 442 / 1
	 

	 	 	 	 	 	 	 	Royal Bank of Canada
	 

	 	 	 	 	 	 	 	Canada
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Swiss Francs:	 	 
	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 023044266.05R
	 

	 	 	 	 	 	 	 	UBS AG
	 

	 	 	 	 	 	 	 	Zurich
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 023044266.05R
	 

	 	 	 	 	 	 	 	UBS AG
	 

	 	 	 	 	 	 	 	Zurich
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Japanese Yen:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 0171458656
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	 	 	 	 	Tokyo
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 0171458656
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	 	 	 	 	Tokyo
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Hong Kong Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 3101 039230103
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank
	 

	 	 	 	 	 	 	 	Hong Kong
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.

 

8

	 	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: 3101 039230103
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank
	 

	 	 	 	 	 	 	 	Hong Kong
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Singapore Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	FFC: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account JPMorgan Chase Bank London
	 

	 	 	 	 	 	 	 	Account No: 510-474217-001
	 

	 	 	 	 	 	 	 	Overseas Chinese Banking Corp
	 

	 	 	 	 	 	 	 	Singapore (OCBCSG)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	FFC: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account JPMorgan Chase Bank London
	 

	 	 	 	 	 	 	 	Account No: 510-474217-001
	 

	 	 	 	 	 	 	 	Overseas Chinese Banking Corp
	 

	 	 	 	 	 	 	 	Singapore (OCBCSG)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	Euros:	 	 
	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: DE93501108006001600037
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank AG, Frankfurt
	 

	 	 	 	 	 	 	 	SWIFT Code CHASDEFX
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	12:00 P.M., local time.
	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	Account No: DE93501108006001600037
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank AG, Frankfurt
	 

	 	 	 	 	 	 	 	SWIFT Code CHASDEFX
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	12:00 P.M., local time.

 

9

	 	 	 	 	 	 	 	 	 
	C.      Notice of Borrowing	 	 
	 
	 	 	 	 	 	 	 	 
	Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	 	 	 	 	Loan and Agency Services
	 

	 	 	 	 	 	 	 	111 Fannin, Floor 10
	 

	 	 	 	 	 	 	 	Houston, Texas 77002
	 

	 	 	 	 	 	 	 	Attention: Omar Jones
	 

	 	 	 	 	 	 	 	Telephone No: 713-750-7912
	 

	 	 	 	 	 	 	 	Fax No: 713-750-2938
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Time:	(i)	ABR Loans—Not later than 11:00 A.M., New York City time, one Business Day prior to the Borrowing Date
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	
	(ii) 	Eurocurrency Loans—Not later than 11:00 A.M., New York City time, three Business Days prior to the Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Information Required:
	 	See Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Danish Kroner:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: see Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	British Pounds Sterling:	 	 
	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.

 

10

	 	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Swedish Krona:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Canadian Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Swiss Francs:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.

 

11

	 	 	 	 	 	 	 	 	 
	Japanese Yen:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Hong Kong Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Singapore Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.

 

12

	 	 	 	 	 	 	 	 	 
	Euros:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit E to this Agreement.
	 
	 	 	 	 	 	 	 	 
	D.      Notice of Continuation:	 	 
	 
	 	 	 	 	 	 	 	 
	Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	 	 	 	 	Loan and Agency Services
	 

	 	 	 	 	 	 	 	111 Fannin, Floor 10
	 

	 	 	 	 	 	 	 	Houston, Texas 77002
	 

	 	 	 	 	 	 	 	Attention: Omar Jones
	 

	 	 	 	 	 	 	 	Telephone No: 713-750-7912
	 

	 	 	 	 	 	 	 	Fax No: 713-750-2938
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., New York City time, three Business Days prior to the last day of the current Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Danish Kroner:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.

 

13

	 	 	 	 	 	 	 	 	 
	British Pounds Sterling:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Swedish Krona:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Canadian Dollars:

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.

 

14

	 	 	 	 	 	 	 	 	 
	Swiss Francs:	 	 
	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Japanese Yen:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Hong Kong Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.

 

15

	 	 	 	 	 	 	 	 	 
	Singapore Dollars:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.
	 
	 	 	 	 	 	 	 	 
	Euros:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 

	 	 	 	 	 	 	 	125 London Wall
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360
	 
	 	 	 	 	 	 	 	 
	 	 	 	2.	 	 	Time: Not later than 11:00 A.M., London time, on the last Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	 	 	 	 	 	 	 
	 	 	 	3.	 	 	Information Required: See Exhibit G to this Agreement.

	 	 	 	 	 	 	 
	II.	 	COMPETITIVE BID REQUEST	 	 
	 
	 	 	 	 	 	 
	 	 	A.	 	Deliver to: applicable Lender at its address specified on Schedule I hereto.
	 
	 	 	 	 	 	 
	 	 	B.	 	Time: as determined by the Company and the applicable Lender.
	 
	 	 	 	 	 	 
	 	 	C.	 	Information Required: see Exhibit D to this Agreement.
	 
	 	 	 	 	 	 
	III.	 	NOTICE OF COMPETITIVE ADVANCE LOAN
	 
	 	 	 	 	 	 
	 

	 	A.
	 	Deliver to:
	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	 	 	Loan and Agency Services
	 

	 	 	 	 	 	111 Fannin, Floor 10
	 

	 	 	 	 	 	Houston, Texas 77002
	 

	 	 	 	 	 	Attention: Omar Jones
	 

	 	 	 	 	 	Telephone No: 713-750-7912
	 

	 	 	 	 	 	Fax No: 713-750-2938
	 
	 	 	 	 	 	 
	 	 	B.	 	Delivery time: By close of business in New York on the Thursday (or, if such Thursday is not a Business Day, on the next Business Day following such 

 

16

	 	 	 	 	 	 	 
	 	 	 	 	Thursday) immediately following the day the Competitive Advance Loan is made.
	 	 	 	 	 
	 	 	C.	 	Information Required: see Exhibit F to this Agreement.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]