Document:

EX-10.1 PURCHASE AGREEMENT

EXHIBIT 10.1

PURCHASE AGREEMENT

     This Purchase Agreement (this “ Agreement”) is entered into as of September10, 2008, by
and between Comprehensive Care Corporation, a Delaware corporation (the “ Company”), and
Robert Lange (the “ Purchaser”), with respect to the following facts:

FACTS

     WHEREAS, the Company desires to issue, and the Purchaser desires to purchase Shares of Company
Common Stock in the aggregate amount of $75,000 on the terms and conditions set forth in this
Agreement.

     WHEREAS, the Company and the Purchaser are executing and delivering this Agreement in reliance
upon the exemption from securities registration afforded by Section 4(2) of the Securities Act of
1933, as amended (the “ Securities Act”), and Rule 506 of Regulation D (“ Regulation
D”) as promulgated by the United States Securities and Exchange Commission under the Securities
Act.

AGREEMENT

     NOW THEREFORE, in consideration of, and incorporating the facts set forth above, the
representations, warranties, conditions and covenants contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as
follows:

ARTICLE I

PURCHASE

     1.1     Purchase. Purchaser hereby agrees to purchase 300,000 shares of common stock for
the sum of $75,000. The Purchaser shall pay to the Company $75,000 (the “ Purchase
Price”), and the Company shall issue and deliver the Shares.

     1.2     Deliveries.

     (a)     On the date hereof, the Company shall issue, deliver or cause to be delivered to the
Purchaser the following:

     (i)     This Agreement, duly executed by the Company;

     (ii)     A stock certificate representing 300,000 Shares of Common Stock, or an irrevocable
instruction to the Transfer Agent to issue such Shares.

     (b)     The Purchaser shall deliver or cause to be delivered to the Company the following:

     (i)     This Agreement, duly executed by the Purchaser; and

 

 

     (ii)     The Purchase Price as set forth in Section 1.1, in United States Dollars and in
immediately available funds, by bank check or wire transfer to an account designated in writing by
the Company for such purpose.

ARTICLE II

REPRESENTATIONS AND WARRANTIES

     2.1     Representations and Warranties of the Company. The Company hereby represents and
warrants to the Purchaser that, except as set forth in the SEC Reports (as defined below):

     (a)     Organization and Qualification. The Company is an entity validly existing and in
good standing under the laws of the State of Delaware, and is duly qualified to conduct business
and is in good standing as a foreign corporation in each jurisdiction in which the nature of the
business conducted or property owned by it makes such qualification necessary or appropriate,
except where the failure to be so qualified or in good standing, as the case may be, individually
or in the aggregate, have not and could not reasonably be expected to result in (i) a material and
adverse effect on the legality, validity or enforceability of any Transaction Document, (ii) a
material and adverse effect on the results of operations, assets, prospects, business or financial
condition of the Company, or (iii) a material and adverse impairment to the Company’s ability to
perform on a timely basis its obligations under any Transaction Document (a “ Material Adverse
Effect”).

     (b)     Authorization; Enforcement. The Company has the requisite corporate power and
authority to enter into and to consummate the transactions contemplated by each of the Transaction
Documents to which it is a party and otherwise to carry out its obligations hereunder and
thereunder. The execution and delivery of each of the Transaction Documents by the Company and the
consummation by it of the transactions contemplated hereby and thereby have been duly authorized by
all necessary corporate action on the part of the Company and no further corporate action is
required by the Company, its Board of Directors or its stockholders. Each Transaction Document to
which it is a party has been (or upon delivery will have been) duly executed by the Company and,
when delivered in accordance with the terms hereof, will constitute the valid and legally binding
obligation of the Company enforceable against the Company in accordance with its terms, except as
such enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation or similar laws relating to, or affecting generally the enforcement of,
creditors’ rights and remedies or by other equitable principles of general application.

     (c)     No Conflicts. The execution, delivery and performance of the Transaction
Documents by the Company and the consummation by the Company of the transactions contemplated
hereby or thereby do not and will not (i) conflict with or violate any provision of
the Company’s certificate of incorporation or bylaws, (ii) conflict with, or constitute a
default (or an event that with notice or lapse of time or both would become a default) under, or
give to others any rights of termination, amendment, acceleration or cancellation (with or without
notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument
(evidencing a Company debt or otherwise) or other understanding to which the Company is a party or
by which

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any property or asset of the Company is bound, except to the extent that such conflict,
default, termination, amendment, acceleration or cancellation right could not reasonably be
expected to have a Material Adverse Effect, or (iii) result in a violation of any law, rule,
regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority to which the Company is subject (including federal and state securities laws and
regulations and the rules and regulations, assuming the correctness of the representations and
warranties made by the Purchaser herein, of any self-regulatory organization to which the Company
or its securities are subject, or by which any property or asset of the Company is bound, except to
the extent that such violation could not reasonably be expected to have a Material Adverse Effect).

     (d)     Filings, Consents and Approvals. The Company is not required to obtain any
consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority or other Person in
connection with the execution, delivery and performance by the Company of the Transaction
Documents, other than (i) filings required by applicable state securities laws, (ii) the filing of
a Notice of Sale of Securities on Form D with the Commission under Regulation D of the Securities
Act, (iii) the filing of any requisite notices or applications to any applicable Trading Market for
the issuance and sale of the Shares and the listing of the Shares for trading or quotation, as the
case may be, thereon in the time and manner required thereby, and (iv) those that have been made or
obtained prior to the date of this Agreement.

     (e)     Issuance of the Shares. The Shares, when issued pursuant to this Agreement in
accordance with the terms of the Transaction Documents, are or will be duly and validly issued,
fully paid and nonassessable, free and clear of all liens other than restrictions on transfer
provided for in the Transaction Documents or imposed by applicable securities laws and shall not be
subject to preemptive or similar rights of stockholders. Assuming the accuracy of the
representations and warranties of the Purchaser, the Shares will be issued in compliance with all
applicable federal and state securities laws.

     (f)     SEC Reports. The Company has filed all reports required to be filed by it under
the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, since the end of Company’s
most recent fiscal year (the foregoing materials being collectively referred to herein as the
” SEC Reports” and together with this Agreement, the “ Disclosure Materials”). As of
their respective dates, or to the extent corrected by a subsequent restatement, the SEC Reports
complied in all material respects with the requirements of the Securities Act and the Exchange Act
and the rules and regulations of the Commission promulgated thereunder, and none of the SEC
Reports, when filed, contained any untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary in order to make the statements therein,
in light of the circumstances under which they were made, not misleading.

     (g)     Litigation. There is no pending action which adversely affects or challenges the
legality, validity or enforceability of any of the Transaction Documents or the Purchased
Securities.

     (h)     Private Placement. Assuming the accuracy of the Purchaser’s representations and
warranties set forth herein, no registration under the Securities Act is required for the
transaction pursuant to the Transaction Documents.

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     (i)     No Directed Selling Efforts or General Solicitation. Neither the Company, nor any
of its Affiliates, nor any Person acting on its or their behalf has conducted any “general
solicitation” or “general advertising” (as those terms are used in Regulation D) in connection with
the offer or sale of the Purchased Securities.

     (j)     Investment Company. The Company is not required to be registered as, and is not
an Affiliate of, and immediately following the Closing will not be required to register as, an
“investment company” within the meaning of the Investment Company Act of 1940, as amended.

     2.2     Representations and Warranties of the Purchaser. The Purchaser represents and
warrants to the Company as follows:

     (a)     Organization; Authority. The Purchaser is an individual with the requisite
capacity and authority to enter into and to consummate the transactions contemplated by the
applicable Transaction Documents and otherwise to carry out Purchaser’s obligations hereunder and
thereunder. Each of this Agreement and the Transaction Documents has been duly executed by the
Purchaser, and when delivered by the Purchaser in accordance with terms hereof, will constitute the
valid and legally binding obligation of the Purchaser, enforceable against Purchaser in accordance
with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation or similar laws relating to, or affecting generally the
enforcement of, creditors’ rights and remedies or by other equitable principles of general
application.

     (b)     Investment Intent. The Purchaser understands that the Shares are “restricted
securities” and have not been registered under the Securities Act or any applicable state
securities law and is acquiring the Shares as principal for Purchaser’s own account for investment
purposes only and not with a view to or for distributing or reselling such Shares or any part
thereof, without prejudice, however, to the Purchaser’s right, subject to the provisions of this
Agreement, at all times to sell or otherwise dispose of all or any part of such Shares under the
Securities Act or under an exemption from such registration and in compliance with applicable
federal and state securities laws. Subject to the immediately preceding sentence, nothing
contained herein shall be deemed a representation or warranty by the Purchaser to hold the Shares
for any period of time. The Purchaser is acquiring the Shares hereunder in the ordinary course of
business. The Purchaser does not have any agreement, plan or understanding, directly or
indirectly, with any Person to distribute any of the Shares.

     (c)     Purchaser Status. At the time the Purchaser was offered the Purchased Securities,
it was, and at the date hereof it is, an “Accredited Investor” as defined in Rule 501(a) under the
Securities Act. The Purchaser is not a registered broker-dealer under Section 15 of the
Exchange Act.

     (d)     Experience of the Purchaser. The Purchaser, either alone or together with
Purchaser’s representatives, has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the prospective
investment in the Purchased Securities, and has so evaluated the merits and risks of such
investment. The Purchaser is able to bear the economic risk of an investment in the Purchased
Securities and, at the present time, is able to afford a complete loss of such investment.

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     (e)     Access to Information. The Purchaser acknowledges that Purchaser reviewed the
Disclosure Materials and has been afforded (i) the opportunity to ask such questions as Purchaser
has deemed necessary of, and to receive answers from, representatives of the Company concerning the
terms and conditions of the offering of the Purchased Securities and the merits and risks of
investing in the Purchased Securities; (ii) access to information about the Company and its
financial condition, results of operations, business, properties, management and prospects
sufficient to enable it to evaluate its investment; and (iii) the opportunity to obtain such
additional information that the Company possesses or can acquire without unreasonable effort or
expense that is necessary to make an informed investment decision with respect to the investment.

     (f)     Residency. The Purchaser’s principal place of permanent residence is set forth
immediately below the Purchaser’s name on the signature page hereto.

     (g)     Prohibited Trading Activities. Since the earlier to occur of (i) the time that
the Purchaser was first contacted by the Company or any other Person regarding an investment in the
Company and (ii) the 10th Trading Day prior to the date of this Agreement, neither the Purchaser
nor any Affiliate of the Purchaser which (x) had knowledge of the transactions contemplated hereby,
(y) has or Shares discretion relating to the Purchaser’s investments or trading or information
concerning the Purchaser’s investments, including in respect of the Purchased Securities, or (z) is
subject to the Purchaser’s review or input concerning such Affiliate’s investments or trading
(collectively, “ Trading Affiliates”) has directly or indirectly, nor has any Person acting
on behalf of or pursuant to any understanding with the Purchaser or Trading Affiliate, effected or
agreed to effect any transactions in the securities of the Company (including, without limitation,
any Short Sales involving the Company’s securities) (each, a “ Prohibited Transaction”).
The Purchaser shall not, and shall cause its Trading Affiliates not to, engage, directly or
indirectly, in a Prohibited Transaction or in any financial transaction that in any way changes the
Purchaser’s or its Trading Affiliates’ economic position in the Company during the period from the
date hereof until the Effectiveness Date. The Purchaser agrees that it will not use any of the
Purchased Securities acquired pursuant to this Agreement to cover any short position in the Common
Stock if doing so would be in violation of applicable securities laws. The Purchaser acknowledges
that it is aware that the Commission has published its position that covering a short position
established prior to effectiveness of a resale Registration Statement with Shares included in such
Registration Statement would be a violation of Section 5 of the Securities Act.

     (h)     Independent Investment Decision. The Purchaser has independently evaluated the
merits of Purchaser’s decision to purchase Purchased Securities pursuant to the Transaction
Documents, and the Purchaser confirms that Purchaser has not relied on the advice of any other
Purchaser’s business and/or legal counsel in making such decision. Purchaser further acknowledges
that there may be material non-public information regarding Company and its business, financial
condition and operations that has occurred or changed since the filing of the most recent SEC
Report or is otherwise not required to be publicly disclosed in the SEC Reports. Purchaser accepts
responsibility for the possibility that such information exists and has not been provided to
Purchaser, and Purchaser has not relied upon the absence of any such information in making the
decision to invest in the Purchased Securities. The Purchaser understands that nothing in this
Agreement or any other materials presented by or on behalf of the Company to

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the Purchaser in
connection with the purchase of the Purchased Securities constitutes legal, tax or investment
advice. The Purchaser has consulted such legal, tax and investment advisors as it, in its sole
discretion, has deemed necessary or appropriate in connection with its purchase of the Purchased
Securities.

ARTICLE III

OTHER AGREEMENTS OF THE PARTIES

     3.1     Compliance with Laws.

     (a)     Transfer of Purchased Securities. Notwithstanding any other provision of this
Article IV, the Purchaser covenants that the Purchased Securities may only be disposed of pursuant
to an effective Registration Statement under, and in compliance with the requirements of, the
Securities Act, or pursuant to an available exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act, and in compliance with any applicable state and
federal securities laws. In connection with any transfer of the Purchased Securities other than
pursuant to an effective Registration Statement, pursuant to Rule 144 or in connection with a
pledge as contemplated in Section 4.1(b), except as otherwise provided herein, the
transferor will provide to the Company an opinion of counsel selected by the transferor, which
counsel and the form and substance of which opinion shall be reasonably satisfactory to the Company
and its legal counsel, to the effect that such transfer does not require registration of such
transferred Purchased Securities under the Securities Act. Notwithstanding the foregoing, the
Company hereby consents to and agrees to register on the books of the Company and with its Transfer
Agent, without any such legal opinion, except to the extent that the Transfer Agent requests such
legal opinion, any transfer of Purchased Securities by a Purchaser to an Affiliate of the
Purchaser, provided that the transferee agrees to the terms and conditions of the Purchased
Securities, certifies to the Company that it is an “Accredited Investor” as defined in Rule 501(a)
under the Securities Act and provided that such Affiliate does not request any removal of any
existing legends on any certificate evidencing the Purchased Securities.

     (b)     Legends. Certificates evidencing the Purchased Securities and any Shares of
Common Stock underlying the Purchased Securities will contain the following legend, until such time
as they are not required under this agreement or applicable law:

THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS OR BLUE SKY LAWS.

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     The Company acknowledges and agrees that a Purchaser may from time to time pledge, and/or
grant a security interest in some or all of the legended Purchased Securities, in compliance with
applicable securities laws, pursuant to a bona fide margin agreement in connection with a bona fide
margin loan. Such a pledge would not be subject to approval or consent of the Company and no legal
opinion of legal counsel to the pledgee, secured party or pledgor shall be required in connection
with the pledge, but such legal opinion shall be required in connection with a subsequent transfer
or foreclosure following default by the Purchaser transferee of the pledge. No advance notice
shall be required of such pledge but Purchaser’s transferee shall promptly notify the Company of
the pledge. The Purchaser acknowledges that the Company shall not be responsible for any pledges
relating to, or the grant of any security interest in, any of the Purchased Securities or for any
agreement, understanding or arrangement between the Purchaser and its pledgee or secured party.

     (c)     Acknowledgement. The Purchaser acknowledges its primary responsibilities under
the Securities Act and accordingly will not sell the Purchased Securities or any interest therein
without complying with the requirements of the Securities Act. To provide further assurance in
connection with de-legending, the Purchaser hereunder commits that it will continue to hold the
Purchased Securities in Purchaser’s own name, and not in the name of a nominee, until such time as
the Purchased Securities are duly and properly sold in compliance with all relevant securities
laws. Both the Company and its Transfer Agent, and their respective directors, officers, employees
and agents, may rely on this subsection (d) and the Purchaser hereunder will indemnify and hold
harmless each of such persons from any breaches or violations of this paragraph.

     3.2     Use of Proceeds. The Company intends to use the net proceeds from the sale of the
Purchased Securities hereunder for working capital and general corporate purposes.

ARTICLE IV

DEFINITIONS

     4.1     Definitions. In addition to the terms defined elsewhere in this Agreement, for
all purposes of this Agreement, the following terms shall have the meanings indicated in this
Section 1.1:

     ” Affiliate” means, with respect to any Person, any other Person that, directly or
indirectly through one or more intermediaries, Controls, is controlled by or is under common
control with such Person. With respect to a Purchaser, any investment fund or managed account that
is managed on a discretionary basis by the same investment manager as the Purchaser will be deemed
to be an Affiliate of the Purchaser.

     ” Business Day” means a day, other than a Saturday, Sunday or federal holiday.

     ” Closing” means the closing of the purchase and sale of the Shares.

     ” Commission” means the United States Securities and Exchange Commission.

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     ” Common Stock” means the Common Stock of the Company, and also includes any securities
into which the Common Stock may hereafter be reclassified.

     ” Control” (including the terms “controlling”, “controlled by” or “under common control
with”) means the possession, direct or indirect, of the power to direct or cause the direction of
the management and policies of a Person, whether through the ownership of voting securities, by
contract or otherwise.

     ” Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor
statute, and the rules and regulations promulgated thereunder.

     ” GAAP” means U.S. generally accepted accounting principals as applied by the Company.

     ” Person” means an individual, corporation, partnership, limited liability company,
trust, business trust, association, joint stock company, joint venture, sole proprietorship,
unincorporated organization, governmental authority or any other form of entity not specifically
listed herein.

     ” Proceeding” means an action, claim, suit, investigation or proceeding (including,
without limitation, an investigation or partial proceeding, such as a deposition), whether
commenced or threatened in writing.

     ” Purchased Securities” means the Shares issued pursuant to this Agreement.

     ” Regulation D” has the meaning set forth in the Facts.

     ” Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities
Act, as such Rule may be amended from time to time, or any similar rule or regulation hereafter
adopted by the Commission having substantially the same effect as such Rule.

     ” Shares” means the shares of Common Stock to be issued to the Purchaser pursuant to
this Agreement.

     ” Short Sales” include, without limitation, all “short sales” as defined in Rule 3b-3
of the Exchange Act and Rule 200 promulgated under Regulation SHO under the Exchange Act,
whether or not against the box, and all types of direct and indirect stock pledges, forward
sale contracts, options, puts, calls, short sales, swaps, “put equivalent positions” (as defined in
Rule 16a-1(h) under the Exchange Act) and similar arrangements (including on a total return basis),
and sales and other transactions through non-US broker dealers or foreign regulated brokers having
the effect of hedging the securities or investment made under this Agreement.

     ” Trading Day” means a day on which the Common Stock is listed or quoted on any Trading
Market; provided, that in the event that the Common Stock is not listed or quoted on any Trading
Market, then Trading Day shall mean a Business Day.

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     ” Trading Market” means whichever of the New York Stock Exchange, the American Stock
Exchange, the NASDAQ National Market, the NASDAQ Capital Market or OTC Bulletin Board, on which the
Common Stock is listed or quoted for trading on the date in question.

     ” Transaction Documents” means this Agreement and any other documents or agreements
executed in connection with the transactions contemplated hereunder and incorporated herein.

     ” Transfer Agent” means the current or any successor stock transfer agent for the
Company.

ARTICLE V

MISCELLANEOUS

     5.1     Fees and Expenses. The Company and the Purchaser shall each pay the fees and
expenses of their respective advisers, counsel, accountants and other experts, if any and all other
expenses incurred by such party in connection with the negotiation, preparation, execution,
delivery and performance of this Agreement. The Company shall pay all Transfer Agent fees, stamp
taxes and other taxes and duties levied in connection with the sale and issuance of the Purchased
Securities.

     5.2     Notices. Any and all notices or other communications or deliveries required or
permitted to be provided hereunder shall be in writing and shall be deemed given and effective on
the earliest of (a) the date of transmission, if such notice or communication is delivered via
facsimile, email (provided the sender receives a machine-generated confirmation of successful
transmission) at the facsimile number specified in this Section prior to 5:00 p.m. (Pacific time)
on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or
communication is delivered via facsimile at the facsimile number specified in this Section on a day
that is not a Trading Day or later than 5:00 p.m. (Pacific time) on any Trading Day, (c) the
Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier
service, or (d) upon actual receipt by the party to whom such notice is required to be given. The
address and facsimile numbers for such notices and communications are those set forth on the
signature page hereto, or such other address or facsimile number as may be designated in writing
hereafter, in the same manner, by any such Person.

     5.3     Amendments; Waivers; No Additional Consideration. No provision of this Agreement
may be waived or amended except in a written instrument signed, in the case of an amendment, by the
Company and the Purchaser or, in the case of a waiver, by the party against
whom enforcement of any such waiver is sought. No waiver of any default with respect to any
provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in
the future or a waiver of any subsequent default or a waiver of any other provision, condition or
requirement hereof, nor shall any delay or omission of either party to exercise any right hereunder
in any manner impair the exercise of any such right.

     5.4     Construction. The headings herein are for convenience only, do not constitute a
part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof.
The language used in this Agreement will be deemed to be the language chosen by the parties to

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express their mutual intent, and no rules of strict construction will be applied against any party.
This Agreement shall be construed as if drafted jointly by the parties, and no presumption or
burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any
provisions of this Agreement or any of the Transaction Documents.

     5.5     Successors and Assigns. The provisions of this Agreement shall inure to the
benefit of and be binding upon the parties and their successors and permitted assigns. This
Agreement, or any rights or obligations hereunder, may not be assigned by the Company without the
prior written consent of the Purchaser. The Purchaser may assign its rights hereunder in whole or
in part to any Person to whom the Purchaser assigns or transfers any Purchased Securities in
compliance with this Agreement and applicable law, provided such transferee shall agree in writing
to be bound, with respect to the transferred Purchased Securities, by the terms and conditions of
this Agreement.

     5.6     No Third-Party Beneficiaries. This Agreement is intended for the benefit of the
parties hereto and their respective successors and permitted assigns and is not for the benefit of,
nor may any provision hereof be enforced by, any other Person.

     5.7     Governing Law. All questions concerning the construction, validity, enforcement
and interpretation of this Agreement shall be governed by and construed and enforced in accordance
with the internal laws of the State of Delaware, without regard to the principles of conflicts of
law thereof. Nothing contained herein shall be deemed to limit in any way any right to serve
process in any manner permitted by law. If either party shall commence a Proceeding to enforce any
provisions of a Transaction Document, then the prevailing party in such Proceeding shall be
reimbursed by the other party for its reasonable attorney’s fees and other costs and expenses
incurred with the investigation, preparation and prosecution of such Proceeding.

     5.8     Survival. Subject to applicable statute of limitations, the representations,
warranties, agreements and covenants contained herein shall survive the Closing and the delivery of
the Purchased Securities.

     5.9     Execution. This Agreement may be executed in two or more counterparts, all of
which when taken together shall be considered one and the same agreement and shall become effective
when counterparts have been signed by each party and delivered to the other party, it being
understood that both parties need not sign the same counterpart. In the event that any signature
is delivered by facsimile transmission, such signature shall create a valid and binding obligation
of the party executing (or on whose behalf such signature is executed) with the same force and
effect as if such facsimile signature page were an original thereof.

     5.10     Severability. If any provision of this Agreement is held to be invalid or
unenforceable in any respect, the validity and enforceability of the remaining terms and provisions
of this Agreement shall not in any way be affected or impaired thereby and the parties will attempt
to agree upon a valid and enforceable provision that is a reasonable substitute therefor, and upon
so agreeing, shall incorporate such substitute provision in this Agreement.

     5.11     Remedies. In addition to being entitled to exercise all rights provided herein
or granted by law, including recovery of damages, the Purchaser and the Company will be entitled

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to
specific performance under the Transaction Documents. The parties agree that monetary damages may
not be adequate compensation for any loss incurred by reason of any breach of obligations described
in the foregoing sentence and hereby agrees to waive in any action for specific performance of any
such obligation (other than in connection with any action for a temporary restraining order) the
defense that a remedy at law would be adequate.

     5.12     Entire Agreement. The Transaction Documents contain the entire understanding of
the parties with respect to the subject matter hereof and supersede all prior agreements,
understandings, discussions and representations, oral or written, with respect to such matters,
which the parties acknowledge have been merged into such documents. At or after the Closing, and
without further consideration, the Company and the Purchaser will execute and deliver to the other
such further documents as may be reasonably requested in order to give practical effect to the
intention of the parties under the Transaction Documents.

     IN WITNESS WHEREOF, the parties hereto have caused this Subscription and Purchase Agreement to
be duly executed by their respective authorized signatories as of the date first indicated above.

	 	 	 	 	 
	 
	 	COMPREHENSIVE CARE CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Robert J. Landis
	 

	 	 	 	 
	 

	 	Name:
	 	Robert J. Landis
	 

	 	 	 	 
	 

	 	Title:
	 	CFO
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	PURCHASER:	 	 
	 
	 	 	 	 
	 

	 	Signature:
	 	/s/ Robert A. Lange
	 

	 	 	 	 
	 

	 	Name:
	 	Robert A. Lange
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	PURCHASER’S ADDRESS FOR NOTICE:
	 
	 	 	 	 
	 

	 	Street:
	 	1806 Hickory St.
	 

	 	 	 	 
	 
	 	City/State/Zip:    St. Louis, MO 63104
	 

	 	 	 	 
	 

	 	Attention:
	 	Robert A. Lange
	 

	 	 	 	 
	 
	 	Telephone No.:
	 

	 	 	 	 
	 

	 	Facsimile No.:	 	 
	 

	 	 	 	 

-11-EX-10.1 Revolving Credit Agreement

Execution Version

 

REVOLVING CREDIT AGREEMENT

Dated as of September 10, 2008

among

HARRIS CORPORATION and certain of

its Subsidiaries from time to time,

as the Borrowers,

THE LENDERS FROM TIME TO TIME PARTY HERETO,

and

SUNTRUST BANK,

as Administrative Agent, L/C Issuer and Swingline Lender,

and

BANK OF AMERICA, N.A.,

as Syndication Agent

and

CITIBANK, N.A., JPMORGAN CHASE BANK, N.A.

and HSBC BANK USA, NATIONAL ASSOCIATION,

as Co-Documentation Agents

and

SUNTRUST ROBINSON HUMPHREY, INC.,

as Lead Arranger and Book Manager

 

 

 

Execution Version

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	1.01 Defined Terms
	 	 	1	 
	1.02 Other Interpretive Provisions
	 	 	20	 
	1.03 Accounting Terms
	 	 	20	 
	1.04 Rounding
	 	 	21	 
	1.05 References to Agreements and Laws
	 	 	21	 
	1.06 Currency Translations
	 	 	21	 
	 
	 	 	 	 
	ARTICLE II. THE COMMITMENTS AND CREDIT EXTENSIONS
	 	 	22	 
	2.01 Commitments
	 	 	22	 
	2.02 Borrowings, Conversions and Continuations of Revolving Loans
	 	 	22	 
	2.03 Letters of Credit
	 	 	24	 
	2.04 Prepayments
	 	 	31	 
	2.05 Optional Reduction or Termination of Commitments
	 	 	32	 
	2.06 Repayment of Loans
	 	 	32	 
	2.07 Interest
	 	 	33	 
	2.08 Fees
	 	 	33	 
	2.09 Computation of Interest and Fees
	 	 	34	 
	2.10 Evidence of Debt
	 	 	34	 
	2.11 Payments Generally
	 	 	35	 
	2.12 Sharing of Payments
	 	 	37	 
	2.13 Swingline Commitment
	 	 	38	 
	2.14 Procedure for Swingline Borrowing; Etc
	 	 	38	 
	2.15 Increase in Commitments; Additional Lenders
	 	 	39	 
	2.16 Subsidiary Borrowers
	 	 	40	 
	 
	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	42	 
	3.01 Taxes
	 	 	42	 
	3.02 Illegality
	 	 	44	 
	3.03 Inability to Determine Rates
	 	 	44	 
	3.04 Increased Cost and Reduced Return; Capital Adequacy Reserves on
Eurocurrency Rate Loans
	 	 	45	 
	3.05 Funding Losses
	 	 	46	 
	3.06 Matters Applicable to all Requests for Compensation
	 	 	47	 
	3.07 Additional Interest Costs
	 	 	47	 
	3.08 Survival
	 	 	48	 
	3.09 Change in Lending Office; Limitation on Increased Costs
	 	 	48	 
	 
	 	 	 	 
	ARTICLE IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 	 	48	 
	4.01 Conditions of Initial Credit Extension
	 	 	48	 
	4.02 Conditions to all Credit Extensions
	 	 	50	 
	 
	 	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES
	 	 	50	 

-i-

 

	 	 	 	 	 
	 	 	Page	 
	5.01 Existence, Qualification
	 	 	50	 
	5.02 Authorization; No Contravention
	 	 	50	 
	5.03 Governmental Authorization
	 	 	51	 
	5.04 Binding Effect
	 	 	51	 
	5.05 Financial Statements; No Material Adverse Change
	 	 	51	 
	5.06 Litigation
	 	 	51	 
	5.07 ERISA Compliance
	 	 	51	 
	5.08 Real Property
	 	 	52	 
	5.09 Margin Regulations; Investment Company Act
	 	 	52	 
	5.10 Outstanding Loans
	 	 	53	 
	5.11 Taxes
	 	 	53	 
	5.12 Intellectual Property; License, Etc
	 	 	53	 
	5.13 Disclosure
	 	 	53	 
	5.14 Solvency
	 	 	53	 
	5.15 Patriot Act
	 	 	53	 
	5.16 OFAC
	 	 	54	 
	 
	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS
	 	 	54	 
	6.01 Reporting Requirements
	 	 	54	 
	6.02 Corporate Existence
	 	 	56	 
	6.03 Compliance with Laws, Etc
	 	 	56	 
	6.04 Certificates
	 	 	56	 
	6.05 Covenant to Secure Notes Equally
	 	 	56	 
	6.06 Maintenance of Properties
	 	 	56	 
	6.07 Maintenance of Insurance
	 	 	57	 
	6.08 Taxes and Other Claims
	 	 	57	 
	6.09 Environmental Laws
	 	 	57	 
	6.10 Books and Records
	 	 	58	 
	6.11 Compliance with ERISA
	 	 	58	 
	6.12 Visitation, Inspection, Etc
	 	 	58	 
	 
	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS
	 	 	58	 
	7.01 Liens
	 	 	58	 
	7.02 Merger, Consolidation and Sale of Assets
	 	 	61	 
	7.03 Sale and Leaseback
	 	 	62	 
	7.04 Certain Investments
	 	 	62	 
	7.05 Use of Proceeds
	 	 	62	 
	7.06 Financial Covenants
	 	 	62	 
	7.07 Restrictive Agreements
	 	 	63	 
	7.08 Hedging Transactions
	 	 	63	 
	7.09 Unrestricted Subsidiary Investment
	 	 	63	 
	 
	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES
	 	 	63	 
	 
	 	 	 	 
	ARTICLE IX. ADMINISTRATIVE AGENT
	 	 	67	 
	9.01 Appointment and Authorization of Administrative Agent
	 	 	67	 
	9.02 Delegation of Duties
	 	 	67	 

-ii-

 

	 	 	 	 	 
	 	 	Page	 
	9.03 Liability of Administrative Agent
	 	 	67	 
	9.04 Reliance by Administrative Agent
	 	 	68	 
	9.05 Notice of Default
	 	 	68	 
	9.06 Credit Decision; Disclosure of Information by Administrative Agent

	 	 	69	 
	9.07 Indemnification of Administrative Agent
	 	 	69	 
	9.08 Administrative Agent in its Individual Capacity
	 	 	70	 
	9.09 Successor Administrative Agent
	 	 	70	 
	9.10 Other Agents; Lead Managers
	 	 	70	 
	9.11 Withholding Tax
	 	 	71	 
	9.12 Administrative Agent May File Proofs of Claim
	 	 	71	 
	 
	 	 	 	 
	ARTICLE X. MISCELLANEOUS
	 	 	72	 
	10.01 Amendments, Etc
	 	 	72	 
	10.02 Notices and Other Communications; Facsimile Copies; General
	 	 	73	 
	10.03 No Waiver; Cumulative Remedies
	 	 	74	 
	10.04 Attorney Costs, Expenses and Taxes
	 	 	74	 
	10.05 Indemnification by the Borrowers
	 	 	75	 
	10.06 Payments Set Aside
	 	 	76	 
	10.07 Successors and Assigns
	 	 	76	 
	10.08 Confidentiality
	 	 	79	 
	10.09 Set-off
	 	 	80	 
	10.10 Interest Rate Limitation
	 	 	80	 
	10.11 Counterparts
	 	 	81	 
	10.12 Integration
	 	 	81	 
	10.13 Survival of Representations and Warranties
	 	 	81	 
	10.14 Severability
	 	 	81	 
	10.15 Removal and Replacement of Lenders
	 	 	82	 
	10.16 Governing Law
	 	 	82	 
	10.17 Waiver of Right to Trial by Jury
	 	 	83	 
	10.18 Waiver of Right to Consequential Damages
	 	 	83	 
	10.19 ENTIRE AGREEMENT
	 	 	83	 
	10.20 Patriot Act Notice
	 	 	84	 
	10.21 Location of Closing
	 	 	84	 
	10.22 Currency Conversion
	 	 	84	 
	10.23 Exchange Rates
	 	 	85	 
	10.24 Market Disruption
	 	 	85	 
	10.25 Unrestricted Subsidiaries
	 	 	85	 
	 
	 	 	 	 
	ARTICLE XI. COMPANY GUARANTY
	 	 	86	 
	11.01 Guaranty
	 	 	86	 
	11.02 Waivers
	 	 	86	 
	11.03 Benefit of Guaranty
	 	 	87	 
	11.04 Waiver of Subrogation, Etc
	 	 	87	 
	11.05 Election of Remedies
	 	 	87	 
	11.06 Liability Cumulative
	 	 	88	 

-iii-

 

SCHEDULES

	 	 	 
	I

	 	Mandatory Cost
	2.01

	 	Commitments
	2.03

	 	Existing Letters of Credit
	5.06

	 	Litigation
	10.02

	 	Eurocurrency and Domestic Lending Offices, Addresses for Notices

EXHIBITS

	 	 	 
	A

	 	Form of Revolving Loan Notice
	B

	 	Form of Swingline Notice
	C

	 	Form of Assignment and Acceptance
	D

	 	Form of Compliance Certificate
	E

	 	Form of Closing Date Opinion of Counsel (content summary)

-iv-

 

REVOLVING CREDIT AGREEMENT

     This REVOLVING CREDIT AGREEMENT (this “Agreement”) is made and entered into as of
September 10, 2008, by and among HARRIS CORPORATION, a Delaware corporation (the “Company,”
and together with all Subsidiary Borrowers (as defined below) from time to time, the
“Borrowers”), each lender from time to time party hereto (collectively, the
“Lenders” and individually, a “Lender”), and SUNTRUST BANK, in its capacity as
administrative agent for the Lenders (the “Administrative Agent”), as an issuing bank for
letters of credit and as swingline lender (the “Swingline Lender”).

W I T N E S S E T H:

     WHEREAS, the Company has requested that the Lenders provide a $750,000,000 revolving credit
facility in favor of the Borrowers;

     WHEREAS, subject to the terms and conditions of this Agreement, the Lenders, the L/C Issuers
(as defined below) and the Swingline Lender to the extent of their respective Commitments as
defined herein, are willing severally to establish the requested revolving credit facility, letter
of credit subfacility and the swingline subfacility in favor of the Borrowers.

     NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained and
for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto covenant and agree as follows:

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

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

     “Acquisition” means the acquisition of (a) a controlling equity interest in another
Person (including the purchase of an option, warrant or convertible or similar type security to
acquire such a controlling interest at the time it becomes exercisable by the holder thereof),
whether by purchase of such equity interest or upon exercise of an option or warrant for, or
conversion of securities into, such equity interest, or (b) assets of another Person which
constitute all or substantially all of the assets of such Person or a line or lines of business
conducted by such Person.

     “Additional Commitment Amount” has the meaning set forth in Section 2.15(a).

     “Additional Lender” has the meaning set forth in Section 2.15(b).

     “Administrative Agent” means SunTrust Bank in its capacity as administrative agent
under any of the Loan Documents, or any successor administrative agent.

 

 

     “Administrative Agent’s Office” means the Administrative Agent’s address and, as
appropriate, account as set forth on Schedule 10.02, or such other address or account as
the Administrative Agent may from time to time notify to the Company and the Lenders.

     “Affiliate” means, as to any Person, any other Person directly or indirectly
controlling, controlled by, or under direct or indirect common control with, such Person. A Person
shall be deemed to be “controlled by” any other Person if such other Person possesses, directly or
indirectly, power (a) to vote 10% or more of the securities having ordinary voting power for the
election of directors or managing general partners; or (b) to direct or cause the direction of the
management and policies of such Person whether by contract or otherwise.

     “Agent-Related Persons” means the Administrative Agent (including any successor
administrative agent), together with its Affiliates, and the officers, directors, employees, agents
and attorneys-in-fact of such Persons and Affiliates.

     “Aggregate Commitments” shall mean, collectively, all Commitments of all Lenders at
any time outstanding.

     “Agreed Currencies” shall mean (a) Dollars, (b) Euro, (c) Sterling, and (d) any other
currency that is acceptable to the Administrative Agent and each Lender.

     “Agreement” has the meaning set forth in the first paragraph hereof.

     “Applicable Rate” means, from time to time, the following percentages per annum, based
upon the Senior Debt Rating existing at such time:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Applicable Rate	 	 	 	 	 	 
	 	 	 	 	 	 	for	 	 	 	 	 	 
	 	 	 	 	Applicable Rate	 	Eurocurrency	 	Applicable	 	 	 	 
	 	 	 	 	for Eurocurrency	 	Rate Loans and	 	Rate for Base	 	Applicable	 	 
	 	 	 	 	Rate Loans and	 	Letter of Credit	 	Rate Loans, if	 	Rate for Base	 	Applicable
	 	 	 	 	Letter of Credit	 	Fee, if	 	Utilization	 	Rate Loans, if	 	Rate for
	Pricing	 	Senior Debt	 	Fee, if Utilization	 	Utilization is	 	Less than	 	Utilization is	 	Facility
	Level	 	Ratings	 	Less than 50%	 	50% or More	 	50%	 	50% or More	 	Fee
	I
	 	>A-/A3
	 	.385%
	 	.510%
	 	0.0%
	 	0.0%
	 	.115%
	II
	 	BBB+/Baa1
	 	.500%
	 	.625%
	 	0.0%
	 	0.0%
	 	.125%
	III
	 	BBB/Baa2
	 	.600%
	 	.725%
	 	0.0%
	 	0.0%
	 	.150%
	IV
	 	BBB-/Baa3
	 	.700%
	 	.825%
	 	0.0%
	 	0.0%
	 	.175%
	V
	 	< BB+/Ba1
	 	1.225%  
	 	1.725%  
	 	0.225%    
	 	0.725%    
	 	.275%

For purposes of the foregoing grid, “Utilization” shall mean, as of any date, the
percentage that the aggregate Revolving Credit Exposure as of such date constitutes of the
Aggregate Commitments. Initially, the Applicable Rate shall be set at Pricing Level II.
Thereafter, each change in the Applicable Rate resulting from a publicly announced change in the
Senior Debt Rating shall be effective, in the case of either an upgrade or a downgrade, during the
period commencing on the date of public announcement thereof and ending on the date immediately
preceding the effective date of the next such change. If neither Moody’s nor S&P has rated the
Company, then the Applicable Rate shall be established by reference to Pricing Level V.

-2-

 

     “Approved Fund” has the meaning set forth in Section 10.07(h).

     “Assignment and Acceptance” means an Assignment and Acceptance substantially in the
form of Exhibit C.

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

     “Attributable Indebtedness” means, on any date, in respect of any Synthetic Lease
Obligation, the capitalized amount of any remaining lease payments under the relevant lease that
would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if
such lease were accounted for as a capital lease.

     “Audited Financial Statements” means the audited consolidated balance sheet of the
Company and its Subsidiaries for the fiscal year ended June 27, 2008, and the related consolidated
statements of income and cash flows for such fiscal year.

     “Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a)
the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as
publicly announced from time to time by SunTrust Bank as its prime lending rate for Dollars. Such
rate is a rate set by SunTrust Bank based upon various factors, including SunTrust Bank’s costs and
desired return, general economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced rate. The SunTrust Bank
prime lending rate is a reference rate and does not necessarily represent the lowest or best rate
actually charged to any customer. SunTrust Bank may make commercial loans or other loans at rates
of interest at, above, or below the SunTrust Bank prime lending rate. Any change in such rate
announced by SunTrust Bank shall take effect at the opening of business on the day specified in the
public announcement of such change.

     “Base Rate Loan” means a Revolving Loan that bears interest based on the Base Rate.

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

     “Borrowers” has the meaning set forth in the introductory paragraph hereto.

     “Borrowing” means Loans (including one or more Swingline Loans) of the same Type and
Agreed Currency, made, converted or continued on the same date to the same Borrower and, in the
case of Eurocurrency Rate Loans, as to which a single Interest Period is in effect.

     “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks are authorized or required by law to remain closed in the state where the
Administrative Agent’s Office is located; provided that, when used in connection with a
Eurocurrency Rate Loan, the term “Business Day” shall also exclude (a) any day on which
banks are not open for dealings in deposits in the Agreed Currency in London, England and in the
interbank or other market used to determine the interest rate thereon and (b) with respect to all
Eurocurrency Rate Loans denominated in Euro, on which TARGET is not open for the settlement of
payments in Euro.

-3-

 

     “Calculation Date” shall mean the last Business Day of each calendar quarter.

     “Cash Collateral” means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the L/C Issuers and the Lenders, as collateral for the L/C Exposure, cash
or deposit account balances pursuant to documentation in form and substance satisfactory to the
Administrative Agent and the L/C Issuers (which documents are hereby consented to by the Lenders).
Derivatives of such term shall have the corresponding meaning. The Borrowers hereby grant the
Administrative Agent, for the benefit of the L/C Issuers and the Lenders, a Lien on all such cash
and deposit account balances. Cash collateral shall be maintained in blocked, non-interest bearing
deposit accounts at SunTrust Bank, or other institutions satisfactory to the Required Lenders.

     “Change of Control” means, with respect to any Person, an event or series of events by
which:

     (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its
subsidiaries, or any person or entity acting in its capacity as trustee, agent or other fiduciary
or administrator of any such plan), becomes the “beneficial owner” (as defined in Rules 13d-3 and
13d-5 under the Securities Exchange Act of 1934, except that such a person or group shall be deemed
to have “beneficial ownership” of all securities that such person or group has the right to acquire
(such right, “option right”), whether such right is exercisable immediately or only after
the passage of time), directly or indirectly, of 25% or more of the equity securities of such
Person entitled to vote for members of the board of directors or equivalent governing body on a
fully-diluted basis (and taking into account all such securities that such person or group has the
right to acquire pursuant to any option right); or

     (b) during any period of 12 consecutive months, a majority of the members of the board of
directors or other equivalent governing body of such Person cease to be composed of individuals
(i) who were members of that board or equivalent governing body on the first day of such period,
(ii) whose election or nomination to that board or equivalent governing body was approved by
individuals referred to in clause (i) above constituting at the time of such election or nomination
at least a majority of that board or equivalent governing body or a duly authorized committee of
such board or governing body or (iii) whose election or nomination to that board or other
equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above
constituting at the time of such election or nomination at least a majority of that board or
equivalent governing body. For purposes of determining a majority of the members of the board of
directors or other equivalent governing body, vacant seats shall not be included.

     “Closing Date” means the first date all the conditions precedent in
Section 4.01 are satisfied or waived in accordance with Section 4.01 (or, in the
case of Section 4.01(b), waived by the Person entitled to receive the applicable payment).

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

     “Commitment” means, as to each Lender, its obligation (a) to make Revolving Loans to
the Borrower pursuant to Section 2.01 and (b) to purchase participations in L/C Exposure
and

-4-

 

Swingline Loans, in an aggregate principal amount at any one time outstanding not to exceed
the amount set forth opposite such Lender’s name on Schedule 2.01, as such amount may be
reduced or adjusted from time to time in accordance with this Agreement.

     “Commonly Controlled Entity” means an entity, whether or not incorporated, which is
under common control with the Company within the meaning of Section 4001 of ERISA or is part of a
group which includes the Company and which is treated as a single employer under Section 414 of the
Code.

     “Company” has the meaning set forth in the introductory paragraph hereto.

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

     “Consolidated EBIT” means, for any period, for the Company and its Restricted
Subsidiaries determined on a consolidated basis in accordance with GAAP, an amount equal to the sum
of (a) Consolidated Net Income for such period plus (b) to the extent deducted in determining
Consolidated Net Income for such period, (i) Consolidated Interest Charges, (ii) income tax expense
determined on a consolidated basis in accordance with GAAP, (iii) other non-cash losses or
deductions (including purchased in-process research and development, impairment charges, expensing
of stock options or stock awards, write-offs or restructuring charges), but excluding all
depreciation and amortization and (iv) fees, costs, write-offs and other expenses associated with
any Acquisition.

     “Consolidated EBITDA” means, for any period, for the Company and its Restricted
Subsidiaries determined on a consolidated basis in accordance with GAAP, an amount equal to the sum
of (a) Consolidated Net Income for such period plus (b) to the extent deducted in determining
Consolidated Net Income for such period, (i) Consolidated Interest Charges, (ii) income tax
expense, (iii) depreciation and amortization, determined on a consolidated basis in accordance with
GAAP, (iv) other non-cash losses or deductions (including purchased in-process research and
development, impairment charges, expensing of stock options or stock awards, write-offs or
restructuring charges), and (v) fees, costs, write-offs and other expenses associated with any
Acquisition.

     “Consolidated Interest Charges” means, for any period, for the Company and its
Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP, total interest
expense with respect to Debt including, without limitation, the interest component of any payments
in respect of capital leases capitalized or expensed during such period (whether or not actually
paid during such period).

     “Consolidated Net Income” means, for any period, for the Company and its Restricted
Subsidiaries determined on a consolidated basis in accordance with GAAP, the net income (or loss)
of the Company and its Restricted Subsidiaries for such period determined on a consolidated basis
in accordance with GAAP, but excluding therefrom (to the extent otherwise included therein) (a) any
non-cash extraordinary gains or losses, (b) any gains attributable to write-ups of assets, (c) any
equity interest of the Company or any Restricted Subsidiary in the unremitted earnings of any
Person that is not a Subsidiary, and (d) any net income (or loss) attributable to an Unrestricted
Subsidiary.

-5-

 

     “Consolidated Net Interest Expense” means, for any period, for the Company and its
Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP, (a)
Consolidated Interest Charges less (b) interest income of the Company and its Restricted
Subsidiaries for such period.

     “Consolidated Total Assets” means, at any time, the total consolidated assets of the
Company and its Restricted Subsidiaries determined on a consolidated basis in accordance with GAAP,
as reflected on the Company’s consolidated balance sheet as of the last day of the fiscal quarter
ending on or before the date of determination, after eliminating all amounts properly attributable
to minority interests, if any, in the stock and surplus of Restricted Subsidiaries.

     “Consolidated Total Indebtedness” means, at any time, without duplication, the sum of
(a) all amounts which would be included as Debt of the Company and its Restricted Subsidiaries
determined on a consolidated basis in accordance with GAAP at such time, plus (b) the
amount of Attributable Indebtedness of the Company and its Restricted Subsidiaries at such time.

     “Credit Extension” means (a) a Revolving Borrowing or a Swingline Borrowing and (b) an
L/C Credit Extension.

     “Debt” means, as to any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money or for the deferred purchase price of property or services in
respect of which such Person is liable, contingently or otherwise, as obligor, guarantor or
otherwise, or in respect of which such Person otherwise assures a creditor against loss, (other
than current liabilities incurred in the ordinary course of business and payable in accordance with
customary practices) or which is evidenced by a note, bond, debenture or similar instrument, (b)
all obligations of such Person under any lease of property, real or personal, the obligations of
the lessee in respect of which are required in accordance with GAAP to be capitalized on a balance
sheet of the lessee and (c) all Synthetic Lease Obligations.

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

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

     “Default Rate” means an interest rate equal to (a) with respect to Base Rate Loans,
the Base Rate plus 2% per annum; (b) with respect to Eurocurrency Rate Loans, the
applicable Eurocurrency Rate plus the Applicable Rate applicable to Eurocurrency Rate Loans
plus 2% per annum; provided, however, that for any Eurocurrency Rate Loans,
at the end of the applicable Interest Period, interest shall accrue at the Base Rate plus
2% per annum, and (c) with respect to Swingline Loans, the Base Rate (or if greater such other rate
as agreed to by the Borrower and the Swingline Lender with respect to such Swingline Loans)
plus 2% per annum, in each case to the fullest extent permitted by applicable Laws.

-6-

 

     “Divestiture” has the meaning set forth in Section 7.02(b).

     “Dollar(s)” and the sign “$” shall mean lawful money of the United States of America.

     “Dollar Equivalent” means, on any date of determination (a) with respect to any amount
denominated in Dollars, such amount, and (b) with respect to any amount denominated in any currency
other than Dollars, the equivalent in Dollars of such amount, determined by the Administrative
Agent using the applicable Exchange Rate with respect to such currency at the time in effect
pursuant to Section 10.23 or as otherwise expressly provided herein.

     “EMU” means the economic and monetary union as contemplated in the Treaty on European
Union, as amended and in effect from time to time.

     “EMU Legislation” means legislative measures of the European Council 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.

     “Eligible Assignee” has the meaning specified in Section 10.07(h).

     “Eligible Restricted Subsidiary” means any Restricted Subsidiary wholly owned,
directly or indirectly, by the Company and organized in the United States, Canada or the United
Kingdom (or such other jurisdiction as all Lenders shall approve in writing).

     “Environmental Laws” means any and all Federal, state, local or municipal laws, rules,
orders, regulations, statutes, ordinances, codes, decrees or requirements of any Governmental
Authority regulating, relating to or imposing liability or standards of conduct concerning
environmental protection matters (including, without limitation, any hazardous materials, hazardous
wastes, hazardous constituents, hazardous or toxic substances or petroleum products (including
crude oil or any fraction thereof)) as now or at any time hereafter in effect.

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

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by the Company or any Commonly Controlled Entity from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Company or any Commonly
Controlled Entity from a Multiemployer Plan or notification that a Multiemployer Plan is in
reorganization; (d) with respect to a Pension Plan or Multiemployer Plan that does not hold assets
that equal or exceed its liabilities, the filing of a notice of intent to terminate under Section
4041(a)(2) of ERISA if the Pension Plan’s liabilities exceed its assets as of the date of the
filing of such notice, the treatment of a Plan amendment as a termination under Sections 4041 or
4041A of ERISA, or the commencement of proceedings by the PBGC to terminate such Pension Plan or
Multiemployer Plan; (e) an event or condition which might reasonably be expected to constitute
grounds under Section 4042(a)(1)-(3) of ERISA for the termination of, or the appointment of a
trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the

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imposition of any liability under Title IV of ERISA, other than PBGC premiums due but not
delinquent under Section 4007 of ERISA, upon the Company or any Commonly Controlled Entity that
would cause a Material Adverse Effect.

     “Euro” and the sign “€” shall mean the single currency of the European
Union as constituted by the Treaty on European Union and as referred to in the EMU Legislation for
the introduction of, changeover to or operation of the Euro in one or more Participating Member
States.

     “Eurocurrency Reserve Rate” means 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 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 Rate 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 Eurocurrency
Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any
reserve percentage.

     “Eurocurrency Rate” means, with respect to each Interest Period for a Eurocurrency
Rate Loan, the rate per annum obtained by dividing (a) LIBOR for such Interest Period by (b) a
percentage equal to 1.00 minus the daily average Eurocurrency Reserve Rate for such Interest
Period.

     “Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on the
Eurocurrency Rate.

     “Event of Default” has the meaning specified in Article VIII.

     “Exchange Rate” means on any day, with respect to any Agreed Currency, the rate at
which such currency may be exchanged into Dollars, as set forth at approximately 11:00 A.M. on such
day on the applicable page of the Bloomberg Service reporting the exchange rates for such Agreed
Currency. In the event such exchange rate does not appear on the applicable page of such service,
the Exchange Rate shall be determined by reference to such other publicly available services for
displaying currency 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 determined by
the Administrative Agent based on current market spot rates in accordance with the provisions of
Section 10.23; provided that if at the time of any such determination, for any
reason, no such spot rate is being quoted, the Administrative Agent, after consultation with the
Company, may use any reasonable method it deems appropriate to determine such rate, and such
determination shall be conclusive absent manifest error.

     “Excluded Taxes” means in the case of the Administrative Agent or any Lender (a) taxes
imposed on or measured by its net income, 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 the
Administrative Agent or such Lender, as the case may be, is organized or maintains a lending

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office, (b) taxes imposed as a result of a present or former connection between the
jurisdiction of the government or taxing authority imposing such tax (or any political subdivision
or taxing authority thereof or therein) and the Administrative Agent or such Lender (excluding a
connection arising principally as a result of the Administrative Agent or such Lender having
executed, delivered or performed its obligations or received a payment under, or enforced, any Loan
Document or the designation by the Company of any Borrower after the Closing Date), and (c) in the
case of a Foreign Lender, any withholding tax that (i) is imposed on amounts payable to such
Foreign Lender at the time such Foreign Lender becomes a party to this Agreement, (ii) is imposed
on amounts payable to such Foreign Lender at any time that such Foreign Lender designates a new
lending office, other than taxes that have accrued prior to the designation of such lending office
that are otherwise not Excluded Taxes, and (iii) is attributable to such Foreign Lender’s failure
to comply with Section 3.01(e).

     “Existing Credit Facility” means that certain Revolving Credit Agreement, dated as of
March 31, 2005, by and among the Company, the lenders party thereto, and SunTrust Bank as
administrative agent, L/C issuer and swingline lender and the other parties thereto, as amended or
modified from time to time prior to the date hereof.

     “Existing Letters of Credit” means the letters of credit issued and outstanding under
the Existing Credit Facility as set forth on Schedule 2.03.

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

     “Fee Letter” means that certain fee letter, dated as of July 7, 2008, executed by
SunTrust Robinson Humphrey, Inc. and SunTrust Bank, and accepted by the Company.

     “Foreign Currency” shall mean any Agreed Currency other than Dollars.

     “Foreign Currency Sublimit” means an amount equal to $150,000,000.

     “Foreign Lender” means each Lender that is a “foreign corporation, partnership or
trust” within the meaning of the Code.

     “GAAP” means generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of Certified Public
Accountants and statements and pronouncements of the Financial Accounting Standards Board or such
other principles as may be approved by a significant segment of the accounting profession, that are
applicable to the circumstances as of the date of determination, consistently applied.

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     “Government Contract” means any agreement or contract with or made at the request of
any Governmental Authority.

     “Governmental Authority” means any nation or government, any state or other political
subdivision thereof, any agency, authority, department, instrumentality, commission, regulatory
body, court, administrative tribunal, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government.

     “Hazardous Materials” means any hazardous materials, hazardous wastes, hazardous
constituents, hazardous or toxic substances or petroleum products (including crude oil or any
fraction thereof), defined or regulated as such in or under any Environmental Law.

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

     “Hostile Acquisition” means (a) any transaction which is subject to Section 13(d)
(other than an Investment Transaction) or Section 14(d) of the Securities Exchange Act of 1934,
unless, prior to the time such transaction becomes subject to such Section 13(d) or 14(d), the
board of directors or other governing body of the acquiree has adopted a resolution approving such
transaction and approving any “change of control” with respect to such Person whereby the Company
may acquire control of such Person, and (b) any purchase or attempt to purchase, any Person by
means of a public debt or equity tender offer or other unsolicited takeover (or the equivalent
thereof in any jurisdiction), or any attempt to engage in a proxy contest (or the equivalent
thereof in any jurisdiction) for control of the board of directors (or the functional equivalent
thereof) of any Person, in either case which has not been approved and recommended by the board of
directors (or the functional equivalent thereof) of the Person being acquired or proposed to be
acquired or which is the subject of such proxy contest. For purposes of this definition, (x) a
“change of control” means, for any Person, an Acquisition with respect to such Person and (y) an
“Investment Transaction” means a transaction subject to Section 13(d), but not Section 16,
of the Securities Exchange Act of 1934, provided that in connection with such a
transaction, the Company or any applicable Subsidiary (as the case may be) has reported and at all
times continues to report to the Securities and Exchange Commission that such transaction is
undertaken for investment purposes only and not for any of the purposes specified in clauses 4(a)

-10-

 

through (j), inclusive, of the special instructions for complying with Schedule 13D under the
Securities Exchange Act of 1934.

     “Indemnified Liabilities” has the meaning set forth in Section 10.05.

     “Indemnitees” has the meaning set forth in Section 10.05.

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

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

     “Interest Period” means (a) as to each Eurocurrency Rate Loan, the period commencing
on the date such Eurocurrency Rate Loan is disbursed, converted to or continued as a Eurocurrency
Rate Loan and ending on the date one, two, three or six months thereafter, or if requested by the
Company and consented to by all the Lenders, twelve months, as selected by the Company in its
Revolving Loan Notice and (b) as to any Swingline Loan, 30 days or such shorter period of time as
the Swingline Lender and the Company shall mutually agree, provided that:

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

     (ii) any Interest Period pertaining to a Eurocurrency Rate Loan that begins on the last
Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the calendar month at the end of such Interest Period) shall end on the
last Business Day of the calendar month at the end of such Interest Period; and

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

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

     “L/C Account Party” shall mean, with respect to any Letter of Credit, the Borrower for
whose account such Letter of Credit was issued.

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     “L/C Advance” means, with respect to each Lender, an advance made by the Lender
pursuant to Section 2.03(c)(iii) in respect of such Lender’s participation in any L/C
Borrowing in accordance with its Pro Rata Share.

     “L/C Borrowing” means an extension of credit resulting from a drawing under any Letter
of Credit which has not been reimbursed by or on behalf of the applicable L/C Account Party on the
date when made or refinanced as a Borrowing.

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

     “L/C Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit and (b) the aggregate amount of all L/C Borrowings that have not yet
been reimbursed by or on behalf of the applicable L/C Account Parties at such time.

     “L/C Issuer” means SunTrust Bank or any other Lender acceptable to the Company and the
Administrative Agent, in its capacity as an issuer of Letters of Credit hereunder, or any successor
thereto.

     “L/C Sublimit” means an amount equal to $125,000,000.

     “Lender” has the meaning specified in the introductory paragraph hereto and, as the
context requires, includes each L/C Issuer, the Swingline Lender and each Additional Lender that
joins this Agreement pursuant to Section 2.15.

     “Lending Office” means, as to any Lender, the office or offices of such Lender
described as such on Schedule 10.02, or such other office or offices as a Lender may from
time to time notify the Company and the Administrative Agent.

     “Letter of Credit” means any letter of credit issued hereunder and any of the Existing
Letters of Credit. A Letter of Credit may be a commercial letter of credit or a standby letter of
credit.

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

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

     “LIBOR” shall mean (a) for any Interest Period with respect to a Eurocurrency Rate
Loan denominated in Dollars, the rate per annum (rounded upwards, if necessary, to the nearest
1/100 of 1%) appearing on Reuters Screen LIBOR01 Page (or any successor page) as the London
interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London, England time),
two Business Days prior to the first day of such Interest Period for a term comparable to such
Interest Period, (b) for any Interest Period with respect to any Eurocurrency Rate Loan denominated
in Euros, the rate per annum (rounded upwards if necessary, to the nearest 1/100 of 1%) appearing
on Page 248 of the Moneyline Telerate Service (or any successor page) as the

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London interbank offered rate for deposits in Euros, (c) for any Interest Period with respect to
any Eurocurrency Rate Loan denominated in Sterling, the rate per annum (rounded upwards if
necessary, to the nearest 1/100 of 1%) appearing on that page of Reuters, Bloomberg reporting
service (as then being used by the Administrative Agent to obtain such interest rate quotes) that
displays British Bankers’ Association interest settlement rates for deposits in Sterling, (d) for
any Interest Period with respect to any Eurocurrency Rate Loan denominated in any other Agreed
Currencies, the rate per annum (rounded upwards if necessary, to the nearest 1/100 of 1%) appearing
on that page of Reuters, Bloomberg reporting service (as then being used by the Administrative
Agent to obtain such interest rate quotes) that displays British Bankers’ Association interest
settlement rates for deposits in the applicable Agreed Currency of such Borrowing, in each case at
approximately 11:00 a.m. (London, England time), two Business Days prior to the first day of such
Interest Period for a term comparable to such Interest Period, and (e) if for any reason any of the
foregoing rates are not available for any Interest Period, the rate per annum reasonably determined
by the Administrative Agent as the rate of interest at which deposits in the applicable Agreed
Currency in the approximate amount of the Eurocurrency Rate Loan comprising part of such borrowing
would be offered by the Administrative Agent to major banks in the London interbank Eurodollar
market at their request at or about 10:00 a.m. two Business Days prior to the first day of such
Interest Period for a term comparable to such Interest Period.

     “Lien” means any mortgage, pledge, security interest, assignment, deposit arrangement,
encumbrance, lien (statutory or otherwise), preference, priority or charge of any kind or nature
whatsoever (including, without limitation, any agreement to give any of the foregoing, any
conditional sale or other title retention agreement, the filing of or agreement to give any
financing statement under the Uniform Commercial Code of any jurisdiction or any other similar
recording or notice statute, and any lease having substantially the same effect as any of the
foregoing).

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

     “Loan Documents” means this Agreement, the Fee Letter, each Request for Credit
Extension, each Compliance Certificate, any promissory notes issued pursuant to this Agreement and
any and all other instruments, documents and agreements executed by any Borrower in connection with
any of the foregoing.

     “Margin Stock” has the meaning set forth in Regulation U issued by the Board.

     “Mandatory Cost” shall mean any addition to the applicable interest rate per annum
determined in accordance with Schedule I.

     “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations, property, condition (financial or otherwise), or results of operations of the Company
and its Restricted Subsidiaries taken as a whole, (b) the ability of the Borrowers to perform their
obligations under any Loan Document or (c) the validity or enforceability of any Loan Document or
the rights or remedies of the Lenders hereunder or thereunder.

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     “Material Subsidiary” means, at any time, any Restricted Subsidiary of the Company,
the assets of which represent 10% or more of Consolidated Total Assets (or the equivalent thereof
in another currency), based upon the most recent financial statements delivered to the
Administrative Agent pursuant to Sections 6.01(a) and (b).

     “Maturity Date” means (a) September 10, 2013, or (b) such earlier date upon which the
Commitments are terminated in accordance with the terms hereof.

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

     “Multiemployer Plan” means a multiemployer plan of the type described in
Section 4001(a)(3) of ERISA, to which the Company or any Commonly Controlled Entity makes or is
obligated to make contributions, or during the preceding three calendar years, has made or been
obligated to make contributions.

     “Net Worth of Unrestricted Subsidiaries” shall mean, as of any date, the portion of
Total Shareholders’ Equity that relates to the shareholders’ equity of Unrestricted Subsidiaries as
of such date determined in accordance with GAAP, but without reduction for the minority interests,
if any, in any Subsidiaries thereof.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, the Borrowers arising under any Loan Document, whether direct or indirect (including
those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising and including interest that accrues after the commencement by or against the
Company or any of its Restricted Subsidiaries of any proceeding under any Debtor Relief Laws naming
such Person as the debtor in such proceeding.

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws; (b) with respect to any limited liability company, the
articles of formation and operating agreement; and (c) with respect to any partnership, joint
venture, trust or other form of business entity, the partnership, joint venture or other applicable
agreement of formation and any agreement, instrument, filing or notice with respect thereto filed
in connection with its formation with the secretary of state or other department in the state of
its formation, in each case as amended from time to time.

     “Outstanding Amount” means (a) with respect to Revolving Loans and Swingline Loans on
any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings
and prepayments or repayments of Revolving Loans and Swingline Loans, as the case may be, occurring
on such date; and (b) with respect to any L/C Exposure on any date, the amount of such L/C Exposure
on such date after giving effect to any L/C Credit Extension occurring on such date and any other
changes in the aggregate amount of the L/C Exposure as of such date, including as a result of any
reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the
maximum amount available for drawing under Letters of Credit taking effect on such date.

     “Overnight Foreign Currency Rate” shall mean for any amount payable in any Foreign
Currency, the rate of interest per annum as determined by the Administrative Agent at which
overnight or weekend deposits in such Foreign Currency (or if such amount due remains unpaid

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for more than three Business Days, then for such other period as the Administrative Agent may
elect) for delivery in immediately available and freely transferable funds would be offered by the
Administrative Agent to major banks in the interbank market upon request of such major banks for
the relevant currency as determined above and in an amount comparable to the unpaid amount.

     “Participant” has the meaning specified in Section 10.07(d).

     “Participating Member State” means a member state of the European Communities that
adopts or has adopted the Euro as its lawful currency under the legislation of the European Union
for European Monetary Union.

     “Patriot Act” shall have the meaning set forth in Section 5.15.

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

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

     “Permitted Liens” means only those Liens permitted by subsections (a) through (p) of
Section 7.01.

     “Person” means any individual, trustee, corporation, general partnership, limited
partnership, limited liability company, joint stock company, trust, unincorporated organization,
bank, business association, firm, joint venture or other legally recognized entity or Governmental
Authority.

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

     “Properties” has the meaning set forth in Section 5.08.

     “Pro Rata Share” means, with respect to each Lender, a percentage, the numerator of
which shall be such Lender’s Commitment (or if such Commitments have been terminated or expired or
the Loans have been declared to be due and payable, such Lender’s Revolving Credit Exposure), and
the denominator of which shall be the sum of such Commitments of all Lenders (or if such
Commitments have been terminated or expired or the Loans have been declared to be due and payable,
all Revolving Credit Exposure), as such share may be adjusted as contemplated herein.

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     “Reference Banks” means JPMorgan Chase Bank, N.A., CitiBank, N.A. and such other
financial institutions or banks as may be designated by the Administrative Agent in consultation
with the Company.

     “Register” has the meaning set forth in Section 10.07(c).

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

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA,
other than those events as to which the thirty day notice period is waived under the regulations
promulgated under Section 4043 of ERISA.

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

     “Required Lenders” means, as of any date of determination, at least two Lenders whose
Voting Percentages aggregate more than 50%.

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

     “Restricted Subsidiary” means any Subsidiary that is not an Unrestricted Subsidiary.

     “Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of
the same Type and having the same Interest Period made by each of the Lenders pursuant to
Section 2.01.

     “Revolving Credit Exposure” shall mean, with respect to any Lender at any time (in its
capacity as a Lender and not as an L/C Issuer or Swingline Lender), the sum of the Dollar
Equivalent of the outstanding principal amount of such Lender’s Revolving Loans, such Lender’s Pro
Rata Share of the L/C Exposure and such Lender’s Swingline Exposure.

     “Revolving Loan” shall heave the meaning assigned to such term in
Section 2.01.

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

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

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     “Securitization” means any agreement or arrangement providing for sales, transfers or
conveyances to a special purpose Subsidiary or special purpose entity of accounts receivable,
notes, chattel paper, other rights to payment and related property, whether or not for recourse and
whether or not treated as a sale for purposes of FAS 140, but not including the sale or transfer of
a single note or notes or receivable undertaken on an isolated, non-programmatic basis. For
purposes hereof, the “applicable amount” of any Securitization at any time shall be equal to the
greater of (a) the outstanding principal amount of any Debt at such time incurred by the Company or
any Restricted Subsidiary pursuant to any such Securitization, or (b) the face amount or book value
(whichever is greater) of any and all receivables, notes, chattel paper, other rights to payment
and related property sold or transferred pursuant to such Securitization and outstanding at such
time.

     “Senior Debt Rating” means the senior debt rating assigned to the senior, unsecured
long-term debt securities of the Company by either S&P or Moody’s without third-party credit
enhancement, whether or not any such debt securities are actually outstanding, and any rating
assigned to any other debt security of the Company shall be disregarded. The rating in effect on
any date is that in effect at the close of business on such date. If the Company is split-rated
and (1) the ratings differential is one category, the higher of the two ratings will apply, (2) the
ratings differential is two categories, the rating which falls between them shall apply or (3) the
ratings differential is three categories or more, the rating immediately above the lower of the two
ratings shall apply. If only one of S&P and Moody’s shall have in effect a senior debt rating for
the Company, the Senior Debt Rating shall be the available rating.

     “Single Employer Plan” means any plan maintained for employees of the Company or any
Commonly Controlled Entity that is subject to Title IV of ERISA, but which is not a Multiemployer
Plan.

     “Solvent” and “Solvency” means, with respect to any Person on a particular
date, that on such date (a) the fair saleable value of the assets of such Person is greater than
the total amount of liabilities, including, without limitation, contingent liabilities, of such
Person, (b) such Person is able to meet its obligations as those obligations mature, and (c) such
Person is not engaged in business or a transaction for which such Person’s assets would constitute
an unreasonably small capital. The amount of contingent liabilities at any time shall be computed
as the amount that, in the light of all the facts and circumstances existing at such time,
represents the amount that can reasonably be expected to become an actual or matured liability.

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

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

-17-

 

     “Subsidiary Borrower” means any Eligible Restricted Subsidiary that has become a
Borrower pursuant to Section 2.16 and with respect to which no termination of such election
has occurred.

     “Subsidiary Joinder Agreement” shall have the meaning assigned to such term in
Section 2.16(a).

     “SunTrust Bank” means SunTrust Bank.

     “Swingline Borrowing” means a borrowing consisting of a Swingline Loan from the
Swingline Lender made pursuant to Section 2.14.

     “Swingline Commitment” means the commitment of the Swingline Lender to make Swingline
Loans in an aggregate principal amount at any time outstanding not to exceed the Swingline
Sublimit. The Swingline Commitment is a subfacility of, and not in addition to, the Commitments.

     “Swingline Exposure” means, with respect to each Lender, the principal amount of the
Swingline Loans in which such Lender is legally obligated either to make a Base Rate Loan or to
purchase a participation in accordance with Section 2.14, which shall equal such Lender’s
Pro Rata Share of all outstanding Swingline Loans.

     “Swingline Lender” means SunTrust Bank, or any other Lender that may agree to make
Swingline Loans hereunder.

     “Swingline Loan” means a loan made to the Company by the Swingline Lender under the
Swingline Commitment.

     “Swingline Notice” shall have the meaning assigned to such term in Section
2.14.

     “Swingline Sublimit” means an amount equal to $50,000,000.

     “Swingline Termination Date” means the day that is seven days prior to the Maturity
Date (or, if such day is not a Business Day, the next preceding Business Day).

     “Synthetic Lease” shall mean a lease transaction under which the parties intend that
(i) the lease will be treated as an “operating lease” by the lessee pursuant to Statement of
Financial Accounting Standards No. 13, as amended; (ii) the lessee will be entitled to various tax
and other benefits ordinarily available to owners (as opposed to lessees) of like property and
(iii) upon the insolvency or bankruptcy of such lessee, would be characterized as the indebtedness
of such lessee.

     “Synthetic Lease Obligations” shall mean, with respect to any Person, the sum of (i)
all remaining rental obligations of such Person as lessee under Synthetic Leases which are
attributable to principal and, without duplication, (ii) all rental and purchase price payment
obligations of such Person under such Synthetic Leases assuming such Person exercises the option to
purchase the lease property at the end of the lease term.

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     “TARGET” shall mean the Trans-European Automated Real-Time Gross Settlement Express
Transfer (TARGET) payment system (or if such payment system ceases to be operative, such other
payment system, if any, reasonably determined by the Administrative Agent to be a suitable
replacement) for the settlement of payments in Euros.

     “Threshold Amount” means $75,000,000.

     “Total Capital” means, at any date, the sum of (a) Consolidated Total Indebtedness as
of such date, plus (b) Total Shareholders’ Equity as of the last day of the most recently
ended fiscal quarter for which the Company has or is required hereunder to have delivered its
financial statements.

     “Total Shareholders’ Equity” means, as of any date, the total shareholders’ equity of
the Company and its Subsidiaries that would be reflected on the Company’s consolidated balance
sheet as of such date prepared in accordance with GAAP, including without duplication the
minority-interest in Subsidiaries that are not wholly owned by the Company and excluding all equity
interest in the Unrestricted Subsidiaries.

     “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Eurocurrency Rate or the Base Rate.

     “Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i).

     “Unrestricted Subsidiary” means (a) each of Harris Stratex Networks, Inc. and its
Subsidiaries and (b) any other Subsidiary of the Company designated in writing to the
Administrative Agent as an “Unrestricted Subsidiary” in accordance with Section 10.25.

     “Vendor Finance Investment” means any loan, advance, lease (whether structured as a
capital lease or an operating lease) or guaranty entered into by the Company or any of its
Subsidiaries pursuant to, in connection with or for the purpose of facilitating the sale or
provision of goods and services of the Company or any of its Subsidiaries to its customers, in each
case arising outside of the ordinary course of business of the Company and its Subsidiaries as
existing on the date hereof.

     “Voting Percentage” means, as to any Lender, (a) at any time prior to the Maturity
Date, such Lender’s Pro Rata Share and (b) at any time after the Maturity Date, the percentage
(carried out to the ninth decimal place) obtained by dividing (i) the sum of (A) the outstanding
amount of such Lender’s Revolving Loans, plus (B) such Lender’s Pro Rata Share of the
Outstanding Amount of L/C Exposure and such Lender’s Swingline Exposure, by (ii) the Outstanding
Amount of all Revolving Loans, Swingline Exposure and L/C Exposure; provided,
however, that if any Lender has failed to fund any portion of the Revolving Loans,
participations in L/C Exposure or Swingline Exposure required to be funded by it hereunder, such
Lender’s Voting Percentage shall be deemed to be -0-, and the respective Pro Rata Shares and Voting
Percentages of the other Lenders shall be recomputed for purposes of this definition and the
definition of “Required Lenders” without regard to such Lender’s Commitment or the outstanding
amount of its Revolving Loans, Swingline Loans and L/C Advances, as the case may be.

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

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

     (b) (i) The words “herein” and “hereunder” and words of similar import when used in any Loan
Document shall refer to such Loan Document as a whole and not to any particular provision thereof.

     (ii) Article, Section, Exhibit and Schedule references are to the Loan Document in which
such references appear.

     (iii) The term “including” is by way of example and not limitation.

     (iv) The term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced,
whether in electronic or physical form.

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

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

     1.03 Accounting Terms.

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

     (b) If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth in any Loan Document, and either the Company or the Required Lenders shall so
request, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to
amend such ratio or requirement to preserve the original intent thereof in light of such change in
GAAP (subject to the approval of the Required Lenders); provided that, until so amended,
(a) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such
change therein and (b) the Company shall provide to the Administrative Agent and the Lenders
financial statements and other documents required under this Agreement or as reasonably requested
hereunder setting forth a reconciliation between calculations of such ratio or requirement made
before and after giving effect to such change in GAAP.

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

     1.05 References to Agreements and Laws. Unless otherwise expressly provided herein,
(a) references to agreements (including the Loan Documents) and other contractual instruments shall
be deemed to include all subsequent amendments, restatements, extensions, supplements and other
modifications thereto, but only to the extent that such amendments, restatements, extensions,
supplements and other modifications are not prohibited by any Loan Document; (b) references to any
Law shall include all statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting such Law; (c) references to any Person shall be construed to include
such Person’s successors and permitted assigns; (d) references to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles, Sections, Exhibits and Schedules to this
Agreement; and (e) all references to a specific time shall be construed to refer to the time in the
city and state of the Administrative Agent’s principal office, unless otherwise indicated.

     1.06 Currency Translations.

     (a) For purposes of this Agreement and the other Loan Documents, where the permissibility of a
transaction or determinations of required actions or circumstances depend upon compliance with, or
are determined by reference to, amounts stated in Dollars, such amounts shall be deemed to refer to
Dollars or the Dollar Equivalent of such amount and any requisite currency translation shall be
determined by the Administrative Agent as set forth herein.

     (b) For purposes of all determinations of Outstanding Amounts, L/C Exposure and Required
Lenders (and the components of each of them), any amount in any currency other than Dollars shall
be deemed to refer to the Dollar Equivalent thereof and any requisite currency translation shall be
determined by the Administrative Agent. For purposes of all calculations and determinations
hereunder, and all certificates delivered hereunder, all amounts represented by such terms shall be
expressed in Dollars or the Dollar Equivalent thereof.

     (c) The Administrative Agent shall determine the Dollar Equivalent of any amount when required
or permitted hereby, and a determination thereof by the Administrative Agent shall be conclusive
absent manifest error. The Administrative Agent may, but shall not be obligated to, rely on any
determination by the Company. The Administrative Agent may determine or redetermine the Dollar
Equivalent of any amount on any date either in its own discretion or upon the request of the
Company or any Lender, including without limitation, the Dollar Equivalent of any Loan or Letter of
Credit made or issued in an Agreed Currency other than Dollars.

     (d) The Administrative Agent may set up appropriate rounding-off mechanisms or otherwise
round-off amounts hereunder to the nearest higher or lower amount in whole Dollars, whole Euros,
whole Sterling or whole cents or other subunits of an Agreed Currency to ensure

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amounts owing by any party hereunder or that otherwise need to be calculated or converted hereunder
are expressed in whole units of the applicable Agreed Currency or in whole subunits of the
applicable Agreed Currency, as may be necessary or appropriate.

ARTICLE II.

THE COMMITMENTS AND CREDIT EXTENSIONS

     2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to
make loans to each Borrower in Agreed Currencies from time to time (each such loan, a
“Revolving Loan”) during the period from the Closing Date to the Maturity Date in an
aggregate principal amount not to exceed at any time outstanding such Lender’s Commitment;
provided, however, that after giving effect to any Borrowing, (a) the Dollar
Equivalent of such Lender’s Revolving Credit Exposure shall not exceed its Commitment, (b) the
Dollar Equivalent of all Revolving Loans funded in Foreign Currencies shall not exceed the Foreign
Currency Sublimit, and (c) the aggregate amount of all Revolving Credit Exposure shall not exceed
the Aggregate Commitments. Within the foregoing limits and subject to the terms and conditions set
forth herein, the Borrowers may borrow under this Section 2.01, prepay under Section
2.04 and reborrow under this Section 2.01. Revolving Loans in Dollars may be Base Rate
Loans or Eurocurrency Rate Loans, as further provided herein. Revolving Loans in Agreed Currencies
other than Dollars shall be Eurocurrency Rate Loans, as further provided herein.

     2.02 Borrowings, Conversions and Continuations of Revolving Loans.

     (a) Each Revolving Borrowing, each conversion of Revolving Loans from one Type to the other,
and each continuation of Revolving Loans as the same Type shall be made upon the Company’s
irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice
must be received by the Administrative Agent not later than (x) 11:00 a.m., New York time, three
Business Days prior to the requested date of any Borrowing of, conversion to or continuation of
Eurocurrency Rate Loans in Dollars or of any conversion of Eurocurrency Rate Loans to Base Rate
Loans, (y) 11:00 a.m., New York time, four Business Days prior to the requested date of each
Borrowing of Eurocurrency Rate Loans in a Foreign Currency or (z) 11:00 a.m., New York time, on the
requested date of each Borrowing of Base Rate Loans. Each such telephonic notice must be confirmed
promptly by delivery to the Administrative Agent of a written Revolving Loan Notice, appropriately
completed and signed by a Responsible Officer of the Company. Each Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans shall be in a principal amount of the Dollar Equivalent of
$5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof (or, if
less, an aggregate principal amount equal to the remaining balance of the available applicable
Commitments). Each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of
$500,000 or a whole multiple of $100,000 in excess thereof (or, if less, an aggregate amount equal
to the remaining balance of the available Commitments).

     (b) Each Revolving Loan Notice (whether telephonic or written) shall specify

     (i) whether the Company is requesting a new Borrowing, a conversion of existing
Revolving Loans from one Type to the other, or the continuation of Eurocurrency Rate Loans
for an additional Interest Period;

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     (ii) the applicable Borrower;

     (iii) the principal of the Revolving Loans to be borrowed, converted or continued;

     (iv) the applicable Agreed Currency;

     (v) the Type of Revolving Loans to be borrowed or as to which existing Revolving Loans
are to be converted, and if applicable the Revolving Loan from which the requested Revolving
Loan will be converted or continued;

     (vi) the requested date of such Borrowing, conversion or continuation, which shall be a
Business Day;

     (vii) if the Company is requesting a new Borrowing, the location and number of the bank
account of the applicable Borrower to which funds are to be disbursed;

     (viii) in the case of a Borrowing in Dollars, whether such Borrowing is to be a Base
Rate Borrowing or a Eurocurrency Borrowing; and

     (ix) in the case of a Eurocurrency Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the term
“Interest Period.”

If the Company fails to specify a Type of Revolving Loan in a Revolving Loan Notice or if the
Company fails to give a timely notice requesting a conversion or continuation, then the applicable
Revolving Loans shall be made or continued as, or converted to, Base Rate Loans (after converting,
if necessary, the Borrowing into Dollars using the applicable Exchange Rate in effect on such
date). Any such automatic conversion shall be effective as of the last day of the Interest Period
then in effect with respect to the applicable Eurocurrency Rate Loans. If the Company requests a
Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Revolving Loan
Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest
Period of one month.

     (c) Following receipt of a Revolving Loan Notice, the Administrative Agent shall promptly
notify each Lender of its Pro Rata Share of the applicable Revolving Loans, and if no timely notice
of a conversion or continuation is provided by the Company, the Administrative Agent shall notify
each Lender of the details of any automatic conversion to Base Rate Loans described in the
preceding subsection. Each Lender shall make the amount of its Revolving Loan available to the
Administrative Agent in immediately available funds at the Administrative Agent’s Office not later
than 2:00 p.m., New York time, on the Business Day specified in the applicable Revolving Loan
Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if
such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent
shall, by no later than 3:00 p.m., New York time, make all funds so received available to the
applicable Borrower in like funds as received by the Administrative Agent either by (i) crediting
the account of the applicable Borrower on the books of SunTrust

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Bank with the amount of such funds or (ii) wire transfer of such funds, in each case in
accordance with instructions provided to the Administrative Agent by the Company.

     (d) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of the Interest Period for such Eurocurrency Rate Loan. During the
existence of a Default or Event of Default, no Loans may be requested as, converted to or continued
as Eurocurrency Rate Loans without the consent of the Required Lenders, and the Required Lenders
may demand that any or all of the then outstanding Eurocurrency Rate Loans be converted to Base
Rate Loans at the end of the respective Interest Periods related to such Loans.

     (e) The Administrative Agent shall promptly notify the Company and the Lenders of the interest
rate applicable to any Eurocurrency Rate Loan upon determination of such interest rate. The
determination of the Eurocurrency Rate by the Administrative Agent shall be conclusive in the
absence of manifest error. The Administrative Agent shall notify the Company and the Lenders of
any change in SunTrust Bank’s prime rate used in determining the Base Rate promptly following the
public announcement of such change.

     (f) After giving effect to all Borrowings, all conversions of Revolving Loans from one Type to
the other, and all continuations of Revolving Loans as the same Type, there shall not be more than
twelve Interest Periods in effect with respect to Eurocurrency Rate Loans.

     2.03 Letters of Credit.

     (a) The Letter of Credit Commitment.

     (i) Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees,
in reliance upon the agreements of the other Lenders set forth in this Section 2.03,
(1) from time to time on any Business Day during the period from the Closing Date until the
Letter of Credit Subfacility Expiration Date, to issue Letters of Credit denominated in
Dollars for the account of any Borrower, and to amend or renew Letters of Credit previously
issued by it, in accordance with subsection (b) below, and (2) to honor drafts under the
Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit
issued for the account of any Borrower; provided that no L/C Issuer shall be
obligated to make any L/C Credit Extension with respect to any Letter of Credit, and no
Lender shall be obligated to participate in, any Letter of Credit if as of the date of such
L/C Credit Extension, (1) the aggregate Revolving Credit Exposure would exceed the Aggregate
Commitments, (2) the Revolving Credit Exposure of any Lender would exceed such Lender’s
Commitment, or (3) the L/C Exposure would exceed the L/C Sublimit. Within the foregoing
limits, and subject to the terms and conditions hereof, each Borrower’s ability to obtain
Letters of Credit shall be fully revolving, and accordingly the Borrowers may, during the
foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or
that have been drawn upon and reimbursed.

     (ii) No L/C Issuer shall be under any obligation to issue any Letter of Credit if:

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

     (B) subject to Section 2.03(b)(iii), the expiry date of such requested
Letter of Credit would occur more than twelve months after the date of issuance or
last renewal, unless the Required Lenders have approved such expiry date;

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

     (D) the issuance of such Letter of Credit would violate one or more policies of
such L/C Issuer; or

     (E) such Letter of Credit is in a face amount less than $100,000, in the case
of a commercial Letter of Credit, or $500,000, in the case of any other type of
Letter of Credit, or is to be denominated in a currency other than Dollars.

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

     (b) Procedures for Issuance and Amendment of Letters of Credit; Evergreen Letters of
Credit.

     (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Company delivered to the applicable L/C Issuer (with a copy to the
Administrative Agent) in the form of a Letter of Credit Application, appropriately completed
and signed by a Responsible Officer of the Company. Such Letter of Credit Application must
be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00
a.m., New York time, at least two Business Days (or such later date and time as the
applicable L/C Issuer may agree in a particular instance in its sole discretion) prior to
the proposed issuance date or date of amendment, as the case may be. In the case of a
request for an initial issuance of a Letter of Credit, such Letter of Credit Application
shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the
proposed issuance date of the requested Letter of Credit (which shall be a Business

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Day); (B) the name of the account party (which shall be a Borrower) and the amount
thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof;
(E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F)
the full text of any certificate to be presented by such beneficiary in case of any drawing
thereunder; and (G) such other matters as such L/C Issuer may require. In the case of a
request for an amendment of any outstanding Letter of Credit, such Letter of Credit
Application shall specify in form and detail satisfactory to the applicable L/C Issuer
(A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which
shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other
matters as such L/C Issuer may require.

     (ii) Promptly after its receipt of any Letter of Credit Application, but in any event
no later than two Business Days prior to the proposed issuance date, the applicable L/C
Issuer will confirm with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has received a copy of such Letter of Credit Application from the
Company and, if not, the applicable L/C Issuer will provide the Administrative Agent with a
copy thereof. Upon receipt by the applicable L/C Issuer of confirmation from the
Administrative Agent that the requested issuance or amendment is permitted in accordance
with the terms hereof, then, subject to the terms and conditions hereof, the applicable L/C
Issuer shall, on the requested date, issue a Letter of Credit for the account of any
Borrower or enter into the applicable amendment, as the case may be, in each case in
accordance with such L/C Issuer’s usual and customary business practices. Immediately upon
the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from the applicable L/C Issuer a
participation in such Letter of Credit in an amount equal to the product of such Lender’s
Pro Rata Share times the amount of such Letter of Credit. In addition and without limiting
the foregoing, on the Closing Date, each Lender shall be deemed to have purchased a
participation in each Existing Letter of Credit in an amount equal to the product of such
Lender’s Pro Rata Share times the amount of such Existing Letter of Credit.

     (iii) If the Company so requests in any applicable Letter of Credit Application, any
L/C Issuer may, in it sole and absolute discretion, agree to issue a Letter of Credit that
has automatic renewal provisions (each, an “Evergreen Letter of Credit”);
provided that any such Evergreen Letter of Credit must permit such L/C Issuer to
prevent any such renewal at least once in each twelve-month period (commencing with the date
of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not
later than a day (the “Nonrenewal Notice Date”) in each such twelve-month period to
be agreed upon at the time such Letter of Credit is issued and have a final expiry date that
is not later than the Letter of Credit Subfacility Expiration Date. Unless otherwise
directed by such L/C Issuer, the Company shall not be required to make a specific request to
such L/C Issuer for any such renewal. Once an Evergreen Letter of Credit has been issued,
the Lenders shall be deemed to have authorized (but may not require) such L/C Issuer to
permit the renewal of such Letter of Credit at any time to a date not later than the Letter
of Credit Subfacility Expiration Date; provided, however, that no L/C Issuer
shall permit any such renewal if (A) such L/C Issuer would have no obligation at such time
to issue such Letter of Credit in its renewed form under the terms hereof, or (B) it has
received notice (which

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may be by telephone or in writing) on or before the Business Day immediately preceding
the Nonrenewal Notice Date (1) from the Administrative Agent that the Required Lenders have
elected not to permit such renewal or (2) from the Administrative Agent, any Lender or the
Company that one or more of the applicable conditions specified in Section 4.02 is
not then satisfied. Notwithstanding anything to the contrary contained herein, no L/C
Issuer shall have any obligation to permit the renewal of any Evergreen Letter of Credit at
any time.

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

     (c) Drawings and Reimbursements; Funding of Participations.

     (i) Upon any drawing under any Letter of Credit, the applicable L/C Issuer shall notify
the Company and the Administrative Agent thereof. Not later than 1:00 p.m., New York time,
on the date of any payment by the applicable L/C Issuer under a Letter of Credit (each such
date, an “Honor Date”), the L/C Account Party shall reimburse such L/C Issuer
through the Administrative Agent in an amount equal to the amount of such drawing. If such
L/C Account Party or the Company fails to so reimburse such L/C Issuer by such time, the
Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the
unreimbursed drawing (the “Unreimbursed Amount”), and such Lender’s Pro Rata Share
thereof. In such event, the Company shall be deemed to have requested a Revolving Borrowing
of Base Rate Loans to be disbursed on the Honor Date for which the L/C Account Party shall
be the Borrower and in an amount equal to the Unreimbursed Amount, without regard to the
minimum and multiples specified in Section 2.02 for the principal amount of Base
Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments
and the conditions set forth in Section 4.02 (other than the delivery of a Revolving
Loan Notice). Any notice given by any L/C Issuer or the Administrative Agent pursuant to
this Section 2.03(c)(i) may be given by telephone if immediately confirmed in
writing; provided that the lack of such an immediate confirmation shall not affect
the conclusiveness or binding effect of such notice.

     (ii) Each Lender (including the Lender acting as L/C Issuer) shall upon any notice
pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for
the account of the applicable L/C Issuer at the Administrative Agent’s Office in an amount
equal to its Pro Rata Share of the Unreimbursed Amount not later than 3:00 p.m., New York
time, on the Business Day specified in such notice by the Administrative Agent, whereupon,
subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds
available shall be deemed to have made a Base Rate Loan to the L/C Account Party in such
amount. The Administrative Agent shall remit the funds so received to the applicable L/C
Issuer.

     (iii) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Borrowing of Base Rate Loans because the conditions set forth in

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Section 4.02 cannot be satisfied or for any other reason, the L/C Account Party
shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the
amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be
due and payable on demand (together with interest) and shall bear interest at a rate equal
to the Default Rate that would be applicable to Base Rate Loans. In such event, each
Lender’s payment to the Administrative Agent for the account of the applicable L/C Issuer
pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its
participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Section 2.03.

     (iv) Until a Lender funds its Revolving Loan or L/C Advance pursuant to this
Section 2.03(c) to reimburse any L/C Issuer for any amount drawn under any Letter of
Credit, interest in respect of such Lender’s Pro Rata Share of such amount shall be solely
for the account of such L/C Issuer.

     (v) Each Lender’s obligation to make Revolving Loans or L/C Advances to reimburse any
L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this
Section 2.03(c), shall be absolute and unconditional and shall not be affected by
any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other
right which such Lender may have against such L/C Issuer, the Borrowers or any other Person
for any reason whatsoever, (B) the occurrence or continuance of a Default or Event of
Default, or (C) any other occurrence, event or condition including, without limitation, the
existence (or alleged existence) of any Material Adverse Effect, whether or not similar to
any of the foregoing. Any such reimbursement shall not relieve or otherwise impair the
obligation of the L/C Account Party or the Company to reimburse any L/C Issuer for the
amount of any payment made by such L/C Issuer under any Letter of Credit, together with
interest as provided herein.

     (vi) If any Lender fails to make available to the Administrative Agent for the account
of any L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing
provisions of this Section 2.03(c) by the time specified in
Section 2.03(c)(ii), such L/C Issuer shall be entitled to recover from such Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for
the period from the date such payment is required to the date on which such payment is
immediately available to such L/C Issuer at a rate per annum equal to the Federal Funds Rate
from time to time in effect. A certificate of such L/C Issuer submitted to any Lender
(through the Administrative Agent) with respect to any amounts owing under this clause
(vi) shall be conclusive absent manifest error.

     (d) Repayment of Participations.

     (i) At any time after any L/C Issuer has made a payment under any Letter of Credit and
has received from any Lender such Lender’s funding in respect of the Base Rate Loan or an
L/C Advance in respect of such payment in accordance with Section 2.03(c), if the
Administrative Agent receives for the account of such L/C Issuer any payment related to such
Letter of Credit (whether directly from the L/C Account Party, the Company or otherwise,
including proceeds of Cash Collateral applied thereto

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by the Administrative Agent), or any payment of interest thereon, the Administrative
Agent will distribute to such Lender its Pro Rata Share thereof in the same funds as those
received by the Administrative Agent.

     (ii) If any payment received by the Administrative Agent for the account of any L/C
Issuer pursuant to Section 2.03(c)(i) is required to be returned, each Lender shall
pay to the Administrative Agent for the account of such L/C Issuer its Pro Rata Share
thereof on demand of the Administrative Agent, plus interest thereon from the date
of such demand to the date such amount is returned by such Lender, at a rate per annum equal
to the Federal Funds Rate from time to time in effect.

     (e) Obligations Absolute. The obligation of the L/C Account Party or the Company to
reimburse the applicable L/C Issuer for each drawing under each Letter of Credit, and to repay each
L/C Borrowing and each drawing under a Letter of Credit that is refinanced by a Borrowing of
Revolving Loans, shall be absolute, unconditional and irrevocable, and shall be paid strictly in
accordance with the terms of this Agreement under all circumstances, including the following:

     (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or
any other agreement or instrument relating thereto;

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

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

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

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

     The Company shall promptly examine a copy of each Letter of Credit and each amendment thereto
that is delivered to it and, in the event of any claim of noncompliance with the Company’s
instructions or other irregularity, the Company will promptly notify the

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applicable L/C Issuer. The Borrowers shall be conclusively deemed to have waived any such
claim against the applicable L/C Issuer and its correspondents unless such notice is given as
aforesaid.

     (f) Role of L/C Issuer. Each Lender and each Borrower agree that, in paying any
drawing under a Letter of Credit, no L/C Issuer shall have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. No Agent-Related Person nor any
of the respective correspondents, participants or assignees of any L/C Issuer shall be liable to
any Lender for (i) any action taken or omitted in connection herewith at the request or with the
approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in
the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness,
validity or enforceability of any document or instrument related to any Letter of Credit or Letter
of Credit Application. The Borrowers hereby assume all risks of the acts or omissions of any
beneficiary or transferee with respect to the use of any Letter of Credit; provided,
however, that this assumption is not intended to, and shall not, preclude any Borrower’s
pursuing such rights and remedies as it may have against the beneficiary or transferee at law or
under any other agreement. No Agent-Related Person, nor any of the respective correspondents,
participants or assignees of any L/C Issuer, shall be liable or responsible for any of the matters
described in clauses (i) through (v) of Section 2.03(e); provided, however,
that anything in such clauses to the contrary notwithstanding, a Borrower may have a claim against
the applicable L/C Issuer, and the applicable L/C Issuer may be liable to a Borrower to the extent,
but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered
by such Borrower which such Borrower proves were caused by such L/C Issuer’s willful misconduct or
gross negligence or such L/C Issuer’s willful failure to pay under any Letter of Credit after the
presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with
the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the
foregoing, each L/C Issuer may accept documents that appear on their face to be in order, without
responsibility for further investigation, regardless of any notice or information to the contrary,
and no L/C Issuer shall be responsible for the validity or sufficiency of any instrument
transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or
benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or
ineffective for any reason.

     (g) Cash Collateral. Upon the request of the Administrative Agent, (i) if any L/C
Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing
has resulted in an L/C Borrowing that has not been converted into a Borrowing under the terms
hereof or (ii) if, as of the Letter of Credit Subfacility Expiration Date, any Letter of Credit may
for any reason remain outstanding and partially or wholly undrawn, the Borrowers shall immediately
Cash Collateralize the then Outstanding Amount of all L/C Exposure (in an amount equal to such
Outstanding Amount).

     (h) Applicability of ISP98. Unless otherwise expressly agreed by the applicable L/C
Issuer and the Borrower when a Letter of Credit is issued and subject to applicable laws,
performance under Letters of Credit by such L/C Issuer, its correspondents, and the beneficiaries
thereof will be governed by the rules of the “International Standby Practices 1998” (ISP98) (or

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such later revision as may be published by the Institute of International Banking Law &
Practice on any date any Letter of Credit may be issued), and to the extent not inconsistent
therewith, the governing law of this Agreement set forth in Section 10.16.

     (i) Letter of Credit Fees. The Borrowers shall pay in Dollars to the Administrative
Agent for the account of each Lender in accordance with its Pro Rata Share a letter of credit fee
equal to the Applicable Rate for Letters of Credit multiplied by the actual daily maximum amount
available to be drawn under all outstanding Letters of Credit. Such fee shall be due and payable
on the last Business Day of each March, June, September and December, commencing with the first
such date to occur after the issuance of such Letter of Credit, and on the Letter of Credit
Subfacility Expiration Date. If there is any change in such Applicable Rate during any quarter,
the actual daily amount of each standby Letter of Credit shall be computed and multiplied by the
Applicable Rate separately for each period during such quarter that such Applicable Rate was in
effect.

     (j) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers.
Company and the respective Account Party under a Letter of Credit jointly and severally shall pay
directly to the applicable L/C Issuer for its own account a fronting fee in an amount (i) with
respect to each commercial Letter of Credit issued by such L/C Issuer, a per annum rate equal to
0.125% (or such lower fee as may be agreed by such L/C Issuer) of the amount of such Letter of
Credit, due and payable upon the issuance thereof, and (ii) with respect to each standby Letter of
Credit issued by such L/C Issuer, a per annum rate equal to 0.125% (or such lower fee as may be
agreed by such L/C Issuer) on the daily maximum amount available to be drawn thereunder, due and
payable quarterly in arrears on the last Business Day of each March, June, September and December,
commencing with the first such date to occur after the issuance of such Letter of Credit, and on
the Letter of Credit Subfacility Expiration Date. In addition, the Company and the respective
Account Party under a Letter of Credit jointly and severally shall pay directly to the applicable
L/C Issuer for its own account the customary issuance, presentation, amendment and other processing
fees, and other standard costs and charges, of the applicable L/C Issuer relating to letters of
credit as from time to time in effect. Such fees and charges are due and payable on demand and are
nonrefundable.

     (k) Conflict with Letter of Credit Application. In the event of any conflict between
the terms hereof and the terms of any Letter of Credit Application, the terms hereof shall control.

     2.04 Prepayments.

     (a) The Borrowers may, upon notice from the Company to the Administrative Agent, at any time
or from time to time voluntarily prepay Revolving Loans and Swingline Loans in whole or in part
without premium or penalty; provided that (i) such notice must be received by the
Administrative Agent (A) not later than 11:00 a.m., New York time, three Business Days prior to any
date of prepayment of any Eurocurrency Rate Loans, and (B) not later than 9:00 a.m., New York time,
on the date of prepayment of Base Rate Loans and Swingline Loans; (ii) any prepayment of
Eurocurrency Rate Loans shall be in a principal amount of the Dollar Equivalent of $5,000,000 or a
whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof; (iii) any prepayment of
Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in
excess thereof; (iv) any prepayment of

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Swingline Loans shall be in an amount that would be permitted in the case of an advance of a
Swingline Loan pursuant to Section 2.14, or, in the case of (ii), (iii) and (iv) if a
lesser amount, the remaining principal amount of the applicable Loans in any outstanding Borrowing.
Each such notice shall specify the date and amount of such prepayment and the Type(s) of Revolving
Loans or Swingline Loans to be prepaid. The Administrative Agent will promptly notify each Lender
of its receipt of each such notice, and of such Lender’s Pro Rata Share of such prepayment. If
such notice is given by the Company, the Borrowers shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein. Any
prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest thereon,
together with any additional amounts required pursuant to Section 3.05. Each such
prepayment shall be applied to the Revolving Loans or Swingline Loans, as the case may be, of the
applicable Lenders in accordance with their respective Pro Rata Shares.

     (b) If at any time (i) the Revolving Credit Exposure at any time exceeds the Aggregate
Commitments then in effect, other than as a result of fluctuations in exchange rates, or (ii) if,
solely as a result of fluctuations in currency exchange rates, the sum of the Revolving Loans and
L/C Exposure denominated in Foreign Currency as of the most recent Calculation Date exceeds 105% of
the Foreign Currency Sublimit, the Borrowers shall immediately repay their respective Revolving
Loans in an aggregate amount equal to such excess, together with all accrued and unpaid interest on
such excess amount and any amounts due under Article III.

     2.05 Optional Reduction or Termination of Commitments. The Company may, at any time or from
time to time upon notice to the Administrative Agent, terminate the Commitments, or permanently
reduce the Commitments to an amount not less than the Revolving Credit Exposure; provided
that (a) the Borrowers shall not be obligated to pay any amount as a penalty in connection with any
such reduction or termination of the Commitments, except as required by Section 3.05 due to
any repayment of Loans arising from such reduction or termination, (b) any such notice shall be
received by the Administrative Agent not later than 11:00 a.m., New York time, three Business Days
prior to the date of termination or reduction, and (c) any such partial reduction shall be in an
aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof. The
Administrative Agent shall promptly notify the Lenders of any such notice of reduction or
termination of the Commitments. Once reduced in accordance with this Section, the Commitments may
not be increased except in accordance with Section 2.15. Any reduction of the Commitments
shall be applied to the Commitment of each Lender according to its Pro Rata Share. All facility
fees accrued until the effective date of any termination of the Commitments shall be paid on the
effective date of such termination. Any such reduction in the Commitments below the Swingline
Sublimit, the Letter of Credit Sublimit and the Foreign Currency Sublimit shall result in a dollar
for dollar reduction in the Swingline Commitment, the Swingline Sublimit, the L/C Sublimit and the
Foreign Currency Sublimit, as appropriate. The Commitment of a Lender may also be terminated under
the provisions of Section 10.15.

     2.06 Repayment of Loans.

     (a) Each of the Borrowers shall repay to the Lenders on the Maturity Date the aggregate
principal amount of all of its Revolving Loans then outstanding.

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     (b) The Company shall repay each Swingline Borrowing on the earlier of (i) the last day of the
Interest Period applicable to such Swingline Borrowing and (ii) the Swingline Termination Date.

     2.07 Interest.

     (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency Rate Loan shall
bear interest on the outstanding principal amount thereof for each Interest Period at a rate per
annum equal to the Eurocurrency Rate for such Interest Period plus the Applicable Rate for
Eurocurrency Rate Loans; (ii) each Base Rate Loan shall bear interest on the outstanding principal
amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus
the Applicable Rate for Base Rate Loans; and (iii) each Swingline Loan shall bear interest on the
outstanding principal amount thereof at the Base Rate, or such other rate as the Swingline Lender
and the Company shall agree to, with respect thereto.

     (b) If any Event of Default exists under Section 8.01(a) or after acceleration, each
of the Borrowers shall, and for all other Events of Default shall at the option of the Required
Lenders, pay interest on the principal amount of all of its outstanding Obligations at a
fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent
permitted by applicable Law. Accrued and unpaid interest on past due amounts (including interest
on past due interest) shall be due and payable upon demand.

     (c) Interest on each Swingline Loan shall be payable on the maturity date of such Loan, which
shall be the last day of the Interest Period applicable thereto, and on the Swingline Termination
Date.

     (d) Interest on each Loan (other than a Swingline Loan) shall be due and payable in arrears on
each Interest Payment Date applicable thereto and at such other times as may be specified herein.
Interest hereunder shall be due and payable in accordance with the terms hereof before and after
judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

     2.08 Fees. In addition to certain fees described in subsections (i) and (j) of Section
2.03:

     (a) Facility Fee. The Company shall pay in Dollars to the Administrative Agent for
the account of each Lender in accordance with its Pro Rata Share of all Commitments, a facility fee
equal to the Applicable Rate for Facility Fee multiplied by the actual daily amount of the
Aggregate Commitments, regardless of usage. The facility fee shall accrue at all times from the
Closing Date until the Maturity Date and shall be due and payable quarterly in arrears on the last
Business Day of each March, June, September and December, commencing with the first such date to
occur after the Closing Date, and on the Maturity Date. The facility fee shall be calculated
quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the
actual daily amount shall be computed and multiplied by the Applicable Rate separately for each
period during such quarter that such Applicable Rate was in effect. The facility fee shall accrue
at all times, including at any time during which one or more of the conditions in
Article IV is not met.

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     (b) Fee Letter. The Company shall pay in Dollars to SunTrust Bank and SunTrust
Robinson Humphrey, Inc. the fees set forth in the Fee Letter, for their own account in the amounts
and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall
be nonrefundable for any reason whatsoever.

     (c) Lenders’ Upfront Fee. On the Closing Date, the Company shall pay in Dollars to
the Administrative Agent, for the account of the Lenders, the upfront fees previously agreed upon
by the Company, the Lenders and the Administrative Agent. The upfront fee paid to each Lender is
solely for its own account and is nonrefundable for any reason whatsoever.

     2.09 Computation of Interest and Fees. Interest on Base Rate Loans and Swingline Loans and
facility fees shall be calculated on the basis of a year of 365 or 366 days, as the case may be,
and the actual number of days elapsed. Computation of all other types of interest and all other
types of fees shall be calculated on the basis of a year of 360 days, except where market practice
is on the basis of a year of 365 days (or 366 days in a leap year), payable for the actual number
of days elapsed (including the first day but excluding the last day). Interest shall accrue on
each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion
thereof, for the day on which the Loan or such portion is paid, provided that any Loan that
is repaid on the same day on which it is made shall bear interest for one day.

     2.10 Evidence of Debt.

     (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of
business. The accounts or records maintained by the Administrative Agent and each Lender shall be
conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the
Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so
shall not, however, limit or otherwise affect the obligation of the Borrowers hereunder to pay any
amount owing with respect to the Revolving Credit Exposure. In the event of any conflict between
the accounts and records maintained by any Lender and the accounts and records of the
Administrative Agent in respect of such matters, the accounts and records of such Lender shall
control.

     (b) In addition to the accounts and records referred to in subsection (a), each Lender and the
Administrative Agent shall maintain in accordance with its usual practice accounts or records
evidencing the purchases and sales by such Lender of participations in Letters of Credit and
Swingline Loans. In the event of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of such matters, the
accounts and records of the Administrative Agent shall control.

     (c) This Agreement evidences the obligation of the Borrowers to repay the Loans and is being
executed as a “noteless” credit agreement. However, at the request of any Lender (including the
Swingline Lender) at any time, the Borrowers agree that they will prepare, execute and deliver to
such Lender a promissory note for each Commitment of such Lender payable to the order of such
Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form
approved by the Company and the Administrative Agent. Thereafter, the Loans evidenced by such
promissory note and interest thereon shall at all times (including after

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assignment permitted hereunder) be represented by one or more promissory notes in such form
payable to the order of the payee named therein (or, if such promissory note is a registered note,
to such payee and its registered assigns).

     2.11 Payments Generally.

     (a) All payments to be made by the Borrowers shall be made in the applicable Agreed Currency
without condition or deduction for any counterclaim, defense, recoupment or set-off. Except as
otherwise expressly provided herein, all payments by the Borrowers hereunder shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at
the Administrative Agent’s Office in immediately available funds not later than 2:00 p.m. on the
date specified herein. The Administrative Agent will promptly distribute to each Lender its Pro
Rata Share (or other applicable share as provided herein) of such payment in like funds as received
by wire transfer to such Lender’s Lending Office. All payments received by the Administrative
Agent after 2:00 p.m., New York time, shall be deemed received on the next succeeding Business Day
and any applicable interest or fee shall continue to accrue. If any Borrower does not, or is
unable for any reason to, effect payment of a Loan to the Lenders in the Agreed Currency or if any
Borrower shall default in the payment when due of any payment in such Agreed Currency, the Lenders
may, at their option, require such payment to be made to the Lenders in the Dollar Equivalent of
such Agreed Currency determined in accordance with Section 10.22. With respect to any
amount due and payable in Agreed Currency other than Dollars, the Company shall, or shall cause the
applicable Borrower to, hold the Lenders harmless from any losses, if any, that are incurred by the
Lenders arising from any change in the value of Dollars in relation to such Agreed Currency between
the date such payment became due and the date of payment thereof (other than losses incurred by any
Lender due to the gross negligence or willful misconduct of such Lender as determined by a court of
competent jurisdiction in a final non-appealable order).

     (b) Subject to the definition of “Interest Period,” if any payment to be made by the
Borrowers shall come due on a day other than a Business Day, payment shall be made on the next
following Business Day, and such extension of time shall be reflected in computing interest or
fees, as the case may be.

     (c) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder,
such funds shall be applied (i) first, to the Administrative Agent’s fees and reimbursable
expenses (including Attorney Costs and amounts payable under Article III) then due and
payable pursuant to any of the Loan Documents; (ii) second, to all reimbursable expenses of
the Lenders and all fees and reimbursable expenses of the L/C Issuers then due and payable pursuant
to any of the Loan Documents, pro rata to the Lenders and the L/C Issuers based on their respective
pro rata shares of such fees and expenses; (iii) third, to interest and fees then due and
payable hereunder, pro rata to the Lenders based on their respective pro rata shares of such
interest and fees; and (iv) fourth, to the payment of principal of the Loans and
unreimbursed L/C Borrowings then due hereunder, ratably among the parties entitled thereto in
accordance with the amounts of principal and unreimbursed L/C Borrowings then due to such parties.

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     (d) Unless the Company or any Lender has notified the Administrative Agent prior to the date
any payment is required to be made by it to the Administrative Agent hereunder, that the applicable
Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent
may assume that the applicable Borrower, the Company or such Lender, as the case may be, has timely
made such payment and may (but shall not be so required to), in reliance thereon, make available a
corresponding amount to the Person entitled thereto. If and to the extent that such payment was
not in fact made to the Administrative Agent in immediately available funds, then:

     (i) if the applicable Borrower failed to make such payment, each Lender shall forthwith
on demand repay to the Administrative Agent the portion of such assumed payment that was
made available to such Lender in immediately available funds, together with interest thereon
in respect of each day from and including the date such amount was made available by the
Administrative Agent to such Lender to the date such amount is repaid to the Administrative
Agent in the applicable Agreed Currency in immediately available funds, at the greater of
the Federal Funds Rate or a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation, including, without limitation, the
Overnight Foreign Currency Rate in the case of loans denominated in a Foreign Currency,
until the second Business Day after such demand and thereafter at the greater of the Base
Rate or a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation including, without limitation, the Overnight Foreign
Currency Rate in the case of loans denominated in a Foreign Currency; and

     (ii) if any Lender failed to make such payment, such Lender shall forthwith on demand
pay to the Administrative Agent the amount thereof in the applicable Agreed Currency in
immediately available funds, together with interest thereon for the period from the date
such amount was made available by the Administrative Agent to the applicable Borrower to the
date such amount is recovered by the Administrative Agent (the “Compensation
Period”) at the greater of the Federal Funds Rate or a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation,
including, without limitation, the Overnight Foreign Currency Rate in the case of loans
denominated in a Foreign Currency, until the second Business Day after such demand and
thereafter at the greater of the Base Rate or a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation including, without
limitation, the Overnight Foreign Currency Rate in the case of loans denominated in a
Foreign Currency. If such Lender pays such amount to the Administrative Agent, then such
amount shall constitute such Lender’s Loan included in the applicable Borrowing. If such
Lender does not pay such amount within two Business Days after the Administrative Agent’s
demand therefor, the Administrative Agent may make a demand therefor upon the applicable
Borrower, and the applicable Borrower shall pay such amount to the Administrative Agent,
together with interest thereon for the Compensation Period at a rate per annum equal to the
rate of interest applicable to the applicable Borrowing. Nothing herein shall be deemed to
relieve any Lender from its obligation to fulfill its Commitment or to prejudice any rights
which the Administrative Agent or any Borrower may have against any Lender as a result of
any default by such Lender hereunder.

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     A notice of the Administrative Agent to any Lender with respect to any amount owing under this
subsection (d) shall be conclusive, absent manifest error.

     (e) If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender as provided in the foregoing provisions of this Article II, and the conditions
to the applicable Credit Extension set forth in Article IV are not satisfied or waived in
accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds
as received from such Lender) to such Lender, without interest.

     (f) The obligations of the Lenders hereunder to make Revolving Loans and to fund
participations in Letters of Credit and Swingline Loans are several and not joint. The failure of
any Lender to make any Revolving Loan or to fund any such participation on any date required
hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date,
and no Lender shall be responsible for the failure of any other Lender to so make its Revolving
Loan or purchase its participation.

     (g) Subject to Section 3.09, nothing herein shall be deemed to obligate any Lender to
obtain the funds for any Loan in any particular place or manner or to constitute a representation
by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

     2.12 Sharing of Payments. If, other than as expressly provided elsewhere herein, any Lender
shall obtain on account of any Revolving Loans made by it, or the participations in L/C Exposure or
Swingline Exposure held by it, any payment (whether voluntary, involuntary, through the exercise of
any right of set-off, or otherwise) in excess of its ratable share (or other share contemplated
hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact,
and (b) purchase from the other Lenders such participations in the Revolving Loans made by them
and/or such subparticipations in the participations in L/C Exposure or Swingline Exposure held by
them as shall be necessary to cause such purchasing Lender to share the excess payment in respect
of such Loans or such participations, as the case may be, pro rata with each of them;
provided, however, that if all or any portion of such excess payment is thereafter
recovered from the purchasing Lender, such purchase shall to that extent be rescinded and each
other Lender shall repay to the purchasing Lender the purchase price paid therefor, together with
an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the
amount of such paying Lender’s required repayment to (ii) the total amount so recovered from the
purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in
respect of the total amount so recovered. The Borrowers agree that any Lender so purchasing a
participation from another Lender may, to the fullest extent permitted by law, exercise all its
rights of payment (including the right of set-off, but subject to Section 10.09) with
respect to such participation as fully as if such Lender were the direct creditor of the Borrowers
in the amount of such participation. The Administrative Agent will keep records (which shall be
conclusive and binding in the absence of manifest error) of participations purchased under this
Section 2.12 and will in each case notify the Lenders following any such purchases or
repayments. Each Lender that purchases a participation pursuant to this Section shall from and
after such purchase have the right to give all notices, requests, demands, directions and other
communications under this Agreement with respect to the portion of the

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Obligations purchased to the same extent as though the purchasing Lender were the original
owner of the Obligations purchased.

     2.13 Swingline Commitment. Subject to the terms and conditions set forth herein, the
Swingline Lender agrees to make Swingline Loans in Dollars to the Company, from time to time from
the Closing Date to the Swingline Termination Date, in an aggregate principal amount outstanding at
any time not to exceed the lesser of (i) the Swingline Commitment then in effect and (ii) the
difference between the Aggregate Commitments and the Dollar Equivalent of the sum of (x) the
Outstanding Amount of all Loans and L/C Exposure; provided, that the Swingline Lender shall
not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. The Company
shall be entitled to borrow, repay and reborrow Swingline Loans in accordance with the terms and
conditions of this Agreement.

     2.14 Procedure for Swingline Borrowing; Etc.

     (a) The Company shall give the Administrative Agent written notice (or telephonic notice
promptly confirmed in writing) of each Swingline Borrowing substantially in the form of Exhibit
B attached hereto (a “Swingline Notice”) prior to 10:00 a.m., New York time, on the
requested date of each Swingline Borrowing. Each Swingline Notice shall be irrevocable and shall
specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan
(which shall be a Business Day) and (iii) the account of the Company to which the proceeds of such
Swingline Loan should be credited. The Administrative Agent will promptly advise the Swingline
Lender of each Swingline Notice. Each Swingline Loan shall accrue interest at the Base Rate or any
other interest rate as agreed between the Company and the Swingline Lender and shall have an
Interest Period (subject to (a)(i) and (iii) to the definition thereof) as agreed between the
Company and the Swingline Lender. The aggregate principal amount of each Swingline Loan shall be
not less than $100,000 or a larger multiple of $50,000, or such other minimum amounts agreed to by
the Swingline Lender and the Company. The Swingline Lender will make the proceeds of each
Swingline Loan available to the Company in Dollars in immediately available funds at the account
specified by the Company in the applicable Swingline Notice not later than 1:00 p.m., New York
time, on the requested date of such Swingline Loan.

     (b) The Swingline Lender, at any time and from time to time in its sole discretion, may, on
behalf of the Company (which hereby irrevocably authorizes and directs the Swingline Lender to act
on its behalf), give a Revolving Loan Notice to the Administrative Agent requesting the Lenders
(including the Swingline Lender) to make Base Rate Loans in an amount equal to the unpaid principal
amount of any Swingline Loan. Each Lender will make the proceeds of its Base Rate Loan included in
such Borrowing available to the Administrative Agent for the account of the Swingline Lender in
accordance with Section 2.02, which will be used solely for the repayment of such Swingline
Loan.

     (c) If for any reason a Base Rate Loan may not be (as determined in the sole discretion of the
Administrative Agent), or is not, made in accordance with the foregoing provisions, then each
Lender (other than the Swingline Lender) shall purchase an undivided participating interest in such
Swingline Loan in an amount equal to its Pro Rata Share thereof on the date that such Base Rate
Loan should have occurred. On the date of such required purchase,

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each Lender shall promptly transfer, in immediately available funds, the amount of its
participating interest to the Administrative Agent for the account of the Swingline Lender. If
such Swingline Loan bears interest at a rate other than the Base Rate, such Swingline Loan shall
automatically become a Base Rate Loan on the effective date of any such participation and interest
shall become payable on demand.

     (d) Each Lender’s obligation to make a Base Rate Loan pursuant to Section 2.14(b) or
to purchase the participating interests pursuant to Section 2.14(c) shall be absolute and
unconditional and shall not be affected by any circumstance, including without limitation (i) any
set-off, counterclaim, recoupment, defense or other right that such Lender or any other Person may
have or claim against the Swingline Lender, the Company or any other Person for any reason
whatsoever, (ii) the existence of a Default or an Event of Default or the termination of any
Lender’s Commitment, (iii) any breach of this Agreement or any other Loan Document by the Company,
the Administrative Agent or any Lender or (iv) any other circumstance, happening or event
whatsoever including, without limitation, the existence (or alleged existence) of any Material
Adverse Effect, whether or not similar to any of the foregoing. If such amount is not in fact made
available to the Swingline Lender by any Lender, the Swingline Lender shall be entitled to recover
such amount on demand from such Lender, together with accrued interest thereon for each day from
the date of demand thereof (i) at the Federal Funds Rate until the second Business Day after such
demand and (ii) at the Base Rate at all times thereafter. Until such time as such Lender makes its
required payment, the Swingline Lender shall be deemed to continue to have outstanding Swingline
Loans in the amount of the unpaid participation for all purposes of the Loan Documents. In
addition, such Lender shall be deemed to have assigned any and all payments made of principal and
interest on its Loans and any other amounts due to it hereunder, to the Swingline Lender to fund
the amount of such Lender’s participation interest in such Swingline Loans that such Lender failed
to fund pursuant to this Section, until such amount has been purchased in full.

     2.15 Increase in Commitments; Additional Lenders.

     (a) So long as no Event of Default has occurred and is continuing, from time to time after the
Closing Date, the Company may, upon at least 30 days’ written notice to the Administrative Agent
(who shall promptly provide a copy of such notice to each Lender), propose to increase the
Aggregate Commitments by an amount not to exceed $500,000,000 (the amount of any such increase, the
“Additional Commitment Amount”), provided, however, that at no time shall
the Aggregate Commitments exceed $1,250,000,000. Each Lender shall have the right for a period of
15 days following receipt of such notice, to elect by written notice to the Company and the
Administrative Agent to increase its Commitment by a principal amount up to its Pro Rata Share of
the Additional Commitment Amount. No Lender (or any successor thereto) shall have any obligation
to increase its Commitment or its other obligations under this Agreement and the other Loan
Documents, and any decision by a Lender to increase its Commitment shall be made in its sole
discretion independently from any other Lender. Any Lender that fails to respond to such notice
shall be deemed to have declined to increase its Commitment.

     (b) If any Lender shall not elect to increase its Commitment pursuant to subsection (a) of
this Section 2.15, the Company may designate another bank or other financial institution

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(which may be, but need not be, one or more of the existing Lenders) which at the time agrees
to, in the case of any such Person that is an existing Lender, increase its Commitment and in the
case of any other such Person (an “Additional Lender”), become a party to this Agreement;
provided, however, that any new bank or financial institution must be acceptable to
the Administrative Agent, which acceptance will not be unreasonably withheld or delayed. The sum
of the increases in the Commitments of the existing Lenders pursuant to this subsection (b) plus
the Commitments of the Additional Lenders shall not in the aggregate exceed the unsubscribed amount
of the Additional Commitment Amount.

     (c) An increase in the aggregate amount of the Commitments pursuant to this Section
2.15 shall become effective upon the receipt by the Administrative Agent of a supplement or
joinder in form and substance satisfactory to the Administrative Agent executed by the Company, and
by each Additional Lender and by each other Lender whose Commitment is to be increased, setting
forth the new Commitments of such Lenders and setting forth the agreement of each Additional Lender
to become a party to this Agreement and to be bound by all the terms and provisions hereof, and
such evidence of appropriate corporate authorization on the part of the Company with respect to the
increase in the Commitments and such opinions of counsel for the Company with respect to the
increase in the Commitments as the Administrative Agent may reasonably request.

     (d) Upon the acceptance of any such agreement by the Administrative Agent, each Additional
Lender shall automatically be deemed a Lender for all purposes hereunder, the Aggregate Commitments
shall automatically be increased by the amount of the Commitments added through such agreement and
Schedule 2.01 shall automatically be deemed amended to reflect the Commitments of all
Lenders after giving effect to the addition of such Commitments.

     (e) Upon any increase in the aggregate amount of the Commitments pursuant to this Section
2.15 that is not pro rata among all Lenders, (i) within five Business Days, in the case of any
Base Rate Loans then outstanding, and at the end of the then current Interest Period with respect
thereto, in the case of any Eurocurrency Rate Loans then outstanding, the Borrowers shall prepay
their respective Loans in their entirety and, to the extent the Company elects to do so and subject
to the conditions specified in Article IV, the Borrowers shall reborrow Loans from the
Lenders in proportion to their respective Commitments after giving effect to such increase, until
such time as all outstanding Loans are held by the Lenders in proportion to their respective
Commitments after giving effect to such increase and (ii) effective upon such increase, the amount
of the participations held by each Lender in each Letter of Credit then outstanding shall
automatically be adjusted such that, after giving effect to such adjustments, the Lenders shall
hold participations in each such Letter of Credit in proportion to their respective Commitments.

     2.16 Subsidiary Borrowers.

     (a) Upon not less than five (5) Business Days notice, any Eligible Restricted Subsidiary may
become a Subsidiary Borrower hereunder by delivering to the Administrative Agent a supplement or
joinder in form and substance reasonably satisfactory to the Administrative Agent executed by such
Restricted Subsidiary and the Company (a “Subsidiary Joinder Agreement”), setting forth the
agreement of such Restricted Subsidiary to become a party to this Agreement as a Subsidiary
Borrower and to be bound by all the terms and

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provisions hereof, and such evidence of appropriate corporate authorization on the part of
such Eligible Restricted Subsidiary and such opinions of counsel for such Eligible Restricted
Subsidiary as the Administrative Agent may reasonably request; provided, however,
it shall be a condition to the effectiveness of such Eligible Restricted Subsidiary becoming a
Subsidiary Borrower hereunder that after giving effect to such Subsidiary Joinder Agreement, (i)
the representations and warranties of the Borrowers contained in Article V (but excluding
the representation set forth in Section 5.05(b)) or in any other Loan Document shall be
true and correct in all material respects, (ii) no Default or Event of Default shall exist, or
would result therefrom and (iii) if such joinder obligates the Administrative Agent or any Lender
to comply with “know your customer” or similar identification procedures in circumstances where the
necessary information is not already available to it, the Company shall have supplied such
documentation and other evidence as is reasonably requested by the Administrative Agent or any
Lender in order for the Administrative Agent or such Lender to carry out and be satisfied it has
complied with the results of all necessary “know your customer” or other similar checks under all
applicable laws and regulations, and such compliance has been confirmed.

     (b) The eligibility of any Subsidiary Borrower to continue to borrow under this Agreement
shall terminate when the Administrative Agent receives an election to terminate an Eligible
Restricted Subsidiary’s status as a Subsidiary Borrower, in form and substance satisfactory to the
Administrative Agent (the “Subsidiary Termination Agreement”). The delivery of a
Subsidiary Termination Agreement shall not affect any obligation of such Subsidiary Borrower
hereunder incurred prior to delivery of such Subsidiary Termination Agreement.

     (c) Each Subsidiary Joinder Agreement delivered to the Administrative Agent shall be duly
executed on behalf of the relevant Eligible Restricted Subsidiary and the Company, and each
Subsidiary Termination Agreement delivered to the Administrative Agent shall be duly executed on
behalf of the Company, in such number of copies as the Administrative Agent may request. The
Administrative Agent shall promptly give notice to the Lenders and the L/C Issuers of its receipt
of any Subsidiary Joinder Agreement or Subsidiary Termination Agreement and provide a copy of each
such Subsidiary Joinder Agreement and Subsidiary Termination Agreement to each L/C Issuer and each
Lender.

     (d) If the Company shall deliver a Subsidiary Joinder Agreement with respect to any Subsidiary
not organized under the laws of the United States or any State thereof, any Lender may, with notice
to the Administrative Agent and the Company, fulfill its Commitment by causing an Affiliate of such
Lender to act as the Lender in respect of such Subsidiary Borrower (and such Lender shall, to the
extent of Loans made to such Borrower, be deemed for all purposes hereof to have pro tanto assigned
such Loans to such Affiliate in compliance with the provisions of this Agreement; provided
that such Lender shall have delivered to the Administrative Agent an Assignment and Acceptance with
respect to such deemed assignment).

     (e) If (i) a Subsidiary Borrower at any time ceases to be an Eligible Restricted Subsidiary
(by reason of a Subsidiary Termination Agreement being delivered to the Administrative Agent, by
reason of such Subsidiary no longer being wholly owned, directly or indirectly, by the Company or
otherwise) or (ii) an Event of Default specified in Section 8.01(f) occurs with respect to
a Subsidiary Borrower:

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     (x) the Lenders will have no obligation to make any further Loans to such Subsidiary
Borrower, and

     (y) the Company will inform each Lender of the relevant event described in clause (i)
or (ii) of this subsection (e) within three Business Days after it occurs and, within 30
days after being requested to do so by any Lender, will expressly assume the outstanding
Revolving Credit Exposure of the relevant Subsidiary Borrower (including accrued and unpaid
interest and fees thereon).

ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

     3.01 Taxes.

     (a) Any and all payments made by any Borrower to or for the account of the Administrative
Agent or any Lender under any Loan Document shall be made free and clear of and without deduction
for any and all present or future taxes, duties, levies, imposts, deductions, assessments, fees,
withholdings or similar charges, and all liabilities with respect thereto incurred in connection
with, or as a direct or indirect result of, any Borrowing or payment on a Borrowing, or other
payments made pursuant to this Agreement, excluding the Excluded Taxes (all such taxes, duties,
levies, imposts, deductions, assessments, fees, withholdings or similar charges, and liabilities,
other than the Excluded Taxes, being hereinafter referred to as “Taxes”). If any Borrower
shall be required by any Laws to deduct any Taxes from or in respect of any sum payable under any
Loan Document to the Administrative Agent or any Lender, (i) the sum payable shall be increased as
necessary so that after making all required deductions (including deductions applicable to
additional sums payable under this Section 3.01), the Administrative Agent and such Lender
receives an amount equal to the sum it would have received had no such deductions been made,
(ii) the applicable Borrower shall make such deductions, (iii) the applicable Borrower or the
Company shall pay the full amount deducted to the relevant taxation authority or other authority in
accordance with applicable Laws, and (iv) within 30 days after the date of such payment, the
Company shall furnish to the Administrative Agent (which shall forward the same to such Lender) the
original or a certified copy of a receipt evidencing payment thereof or other evidence of payment
reasonably satisfactory to the Administrative Agent.

     (b) In addition, the Company shall, or shall cause the applicable Borrower to, pay any and all
present or future stamp, court or documentary taxes and any other excise or property taxes or
charges or similar levies which arise from any payment made under any Loan Document with respect to
an Obligation of such Borrower or from the execution, delivery, performance, enforcement or
registration of, or otherwise with respect to, any Loan Document (hereinafter referred to as
“Other Taxes”).

     (c) If any Borrower shall be required to deduct or pay any Taxes or Other Taxes from or in
respect of any sum payable under any Loan Document to the Administrative Agent or any Lender, such
Borrower or the Company shall also pay to the Administrative Agent (for the account of such Lender)
or to such Lender, at the time interest is paid, such additional amount

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that such Lender specifies as necessary to preserve the after-tax yield (after factoring in
all taxes, including taxes imposed on or measured by net income, and all available tax credits)
such Lender would have received if such Taxes or Other Taxes had not been imposed.

     (d) Each of the Borrowers agrees to indemnify the Administrative Agent and each Lender for
(i) the full amount of Taxes and Other Taxes (including any Taxes or Other Taxes imposed or
asserted by any jurisdiction on amounts payable under this Section 3.01) paid by the
Administrative Agent and such Lender and attributable to such Borrower, (ii) amounts payable under
Section 3.01(c) and (iii) any liability (including penalties, interest and expenses)
arising therefrom or with respect thereto, in each case whether or not such Taxes or Other Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. In the event
that such Taxes or Other Taxes referred to in clause (iii) shall exceed $100,000, the Lender
subject to such Taxes or Other Taxes shall (x) notify the Company of such imposition or assertion
and (y) the Company, solely at its own expense, may cause such Lender to contest the imposition or
assertion of such Taxes or Other Taxes as to which there exists no reasonable basis. The
respective Borrowers shall fully indemnify such Lender for all costs (including any liabilities,
penalties, interest and expenses) incurred by such Lender in connection with any such contest to
the extent necessary to preserve such Lender’s after-tax yield. Nothing contained in this
subsection (d) (A) obligates the Administrative Agent or any Lender (or any of their respective
Affiliates) to disclose to any Borrower any of its tax records or materials relating thereto, (B)
shall interfere with the right of the Administrative Agent or any Lender (or any of their
respective Affiliates) to arrange its taxation and financial affairs in whatever manner it deems
appropriate, or (C) obligates the Administrative Agent or any Lender (or any of their respective
Affiliates) to claim relief from taxation on its corporate profits or, subject to clause (y) above,
to claim any credits, deductions or other relief otherwise available to it with respect to its tax
affairs. Payment under this subsection (d) shall be made within 30 days after the date the Lender
or the Administrative Agent makes a demand therefor.

     (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the Code or any treaty to which the United States is a party, with respect to payments under
this Agreement shall deliver to the Company and the Administrative Agent, at the time or times
prescribed by applicable Law, such properly completed and executed documentation prescribed by
applicable Law or reasonably requested by the Company or the Administrative Agent as will permit
such payments to be made without withholding or at a reduced rate. Without limiting the generality
of the foregoing, each Foreign Lender agrees that it will deliver to the Administrative Agent and
the Company (or in the case of a Participant, to the Lender from which the related participation
shall have been purchased), as appropriate, two (2) duly completed copies of (i) Internal Revenue
Service Form W-8 ECI, or any successor form thereto, certifying that the payments received from the
Borrowers hereunder are effectively connected with such Foreign Lender’s conduct of a trade or
business in the United States; or (ii) Internal Revenue Service Form W-8 BEN, or any successor form
thereto, certifying that such Foreign Lender is entitled to benefits under an income tax treaty to
which the United States is a party which reduces the rate of withholding tax on payments of
interest; or (iii) Internal Revenue Service Form W-8 BEN, or any successor form prescribed by the
Internal Revenue Service, together with a certificate (A) establishing that the payment to the
Foreign Lender qualifies as “portfolio interest” exempt from U.S. withholding tax under Code
section 871(h) or 881(c), and (B) stating that (1) the Foreign Lender is not a bank for purposes of
Code section 881(c)(3)(A),

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or the obligation of the Borrowers hereunder is not, with respect to such Foreign
Lender, a loan agreement entered into in the ordinary course of its trade or business, within the
meaning of that section; (2) the Foreign Lender is not a 10% shareholder of any Borrower within the
meaning of Code section 871(h)(3) or 881(c)(3)(B); and (3) the Foreign Lender is not a controlled
foreign corporation that is related to any Borrower within the meaning of Code section
881(c)(3)(C); or (iv) such other Internal Revenue Service forms as may be applicable to the Foreign
Lender, including Forms W-8 IMY or W-8 EXP. Each such Foreign Lender shall deliver to the Company
and the Administrative Agent such forms on or before the date that it becomes a party to this
Agreement (or in the case of a Participant, on or before the date such Participant purchases the
related participation). In addition, each such Foreign Lender shall deliver such forms promptly
upon the obsolescence or invalidity of any form previously delivered by such Foreign Lender. Each
such Foreign Lender shall promptly notify the Company and the Administrative Agent at any time that
it determines that it is no longer in a position to provide any previously delivered certificate to
the Company (or any other form of certification adopted by the Internal Revenue Service for such
purpose). Unless a Foreign Lender complies with the provisions of this Section 3.01(e)
(including the immediately preceding sentence), the Borrowers shall not be required to make any
payment to a Foreign Lender.

     3.02 Illegality. If the introduction, interpretation or administration of any Law shall,
after the date hereof, make it unlawful, or if any Governmental Authority asserts that it is
unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurocurrency
Rate Loans or to fund any Loans in any Foreign Currency, or if any such circumstance materially
restricts the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the
applicable offshore Dollar market, or to determine or charge interest rates based upon the
Eurocurrency Rate, then, on notice thereof by such Lender to the Company through the Administrative
Agent, any obligation of such Lender to make or continue affected Eurocurrency Rate Loans or to
convert Base Rate Loans to affected Eurocurrency Rate Loans shall be suspended until such Lender
notifies the Administrative Agent and the Company that the circumstances giving rise to such
determination no longer exist. Upon receipt of such notice, the Borrowers shall, upon demand from
such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all
Eurocurrency Rate Loans of such Lender to Base Rate Loans in Dollars, either on the last day of the
Interest Period thereof, if such Lender may lawfully continue to maintain such Eurocurrency Rate
Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such
Eurocurrency Rate Loans. Upon any such prepayment or conversion, the Borrowers shall also pay
interest on the amount so prepaid or converted. Each Lender agrees to designate a different
Lending Office if such designation will avoid the need for such notice and will not, in the good
faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.

     3.03 Inability to Determine Rates. If the Administrative Agent determines in connection with
any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof that (a) Dollar
deposits are not being offered to banks in the applicable offshore Dollar market for the applicable
amount and Interest Period of such Eurocurrency Rate Loan, (b) adequate and reasonable means do not
exist for determining the Eurocurrency Rate for such Eurocurrency Rate Loan, or (c) the
Eurocurrency Rate for such Eurocurrency Rate Loan does not adequately and fairly reflect the cost
to the Lenders of funding such Eurocurrency Rate Loan, the Administrative Agent will promptly, but
in any event not later than the first day of the Interest

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Period related to such Loan (or the conversion or continuation thereof, as the case may be),
notify the Company and all Lenders. Thereafter, the obligation of the Lenders to make or maintain
Eurocurrency Rate Loans shall be suspended until the Administrative Agent revokes such notice.
Upon receipt of such notice, the Company may revoke any pending request for a Revolving Borrowing,
conversion or continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have
converted such request into a request for a Revolving Borrowing of Base Rate Loans in the amount
specified therein.

     3.04 Increased Cost and Reduced Return; Capital Adequacy Reserves on Eurocurrency Rate Loans.

     (a) If any Lender determines that as a result of the introduction of or any change in or in
the interpretation of any Law (by a Governmental Authority), or such Lender’s compliance therewith,
there shall be any increase in the cost to such Lender of agreeing to make or making, funding or
maintaining Eurocurrency Rate Loans or (as the case may be) issuing or participating in Letters of
Credit, or a reduction in the amount received or receivable by such Lender in connection with any
of the foregoing (excluding for purposes of this subsection (a) any such increased costs or
reduction in amount resulting from (i) Taxes or Other Taxes (as to which Section 3.01 shall
govern) or changes in the Eurodollar Reserve Rate or Mandatory Costs), (ii) changes in the basis of
taxation of overall net income or overall gross income by the United States or any foreign
jurisdiction or any political subdivision of either thereof under the Laws of which such Lender is
organized or has its Lending Office, and (iii) reserve requirements contemplated by
Section 3.04(c)), then from time to time upon demand of such Lender (with a copy of such
demand to the Administrative Agent), the Borrowers shall pay to such Lender such additional amounts
as will compensate such Lender for such increased cost or reduction.

     (b) If any Lender determines that the introduction of any Law regarding capital adequacy or
any change therein or in the interpretation thereof, or compliance by such Lender (or its Lending
Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or
any corporation controlling such Lender as a consequence of such Lender’s obligations hereunder
(taking into consideration its policies with respect to capital adequacy), then from time to time
upon demand of such Lender (with a copy of such demand to the Administrative Agent), the Company
shall, or shall cause the applicable Borrower to, pay to such Lender such additional amounts as
will compensate such Lender for such reduction with respect to its Obligations.

     (c) The Company shall, or shall cause the applicable Borrower to, pay to each Lender, as long
as such Lender shall be required pursuant to regulations issued by any central bank, monetary
authority, the Board, the European Central Bank or any other Governmental Authority of the United
States or of the jurisdiction of such currency or any jurisdiction in which Loans in such currency
are made to which banks in such jurisdiction are subject for any category of deposits or
liabilities customarily used to fund loans in such currency or by reference to which interest rates
applicable to loans in such currency are determined to maintain reserves (including, without
limitation, any emergency, supplemental, special or other marginal reserves) with respect to
liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as
“Eurocurrency liabilities” under Regulation D of the Board), additional costs on the unpaid
principal amount of each Eurocurrency Rate Loan to such Borrower equal to the actual

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costs of such
reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which
determination shall be conclusive) (but excluding any such costs arising from changes in the
Eurocurrency Reserve Rate or Mandatory Costs), which shall be due and payable on each date on which
interest is payable on such Loan, provided that the Company shall have received at least 15
days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such
Lender. If a Lender fails to give notice 15 days prior to the relevant Interest Payment Date, such
additional interest shall be due and payable 15 days from receipt of such notice.

     3.05 Funding Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from
time to time, the Company shall, or shall cause the applicable Borrower to, promptly compensate
such Lender for and hold such Lender harmless from any actual cost or expense incurred by it in
connection with such Borrower’s Loans as a result of:

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate
Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise);

     (b) any failure by such Borrower (for a reason other than the failure of such Lender to make a
Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in
the amount notified by the Company; or

     (c) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Borrower pursuant to Section
10.15;

including any loss of anticipated profits and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the
deposits from which such funds were obtained as well as foreign exchange losses, based on customary
funding and foreign exchange hedging arrangements. Notwithstanding the foregoing, no Borrower
shall have any obligation to pay any Lender any amount arising under subsection
(a) to the extent that such amount exceeds the amount, if any, by which (i) the present value of
the additional interest which would have been payable to such Lender if the applicable Loan had not
been prematurely continued, converted, paid or prepaid exceeds (ii) the present value of the
interest which would have been receivable by such Lender as a result of placing the amount so
received by such Lender as a consequence of the continuation, conversion, payment or prepayment of
such Loan on deposit in the applicable offshore Dollar interbank market for a term equal to the
number of days remaining in the Interest Period related to such Loan. For purposes of calculating
the present value of any interest payments referred in the immediately preceding sentence, such
interest payments shall be discounted at a rate equal to the sum of (x) the Eurocurrency
Rate in effect on the date two Business Days prior to the date the Borrower continues, converts,
pays or prepays any Loan in the manner described in subsection (a), and (y) the Applicable Rate for
Eurocurrency Rate Loans. The Company shall, or shall cause the applicable Borrower to, also pay
any customary administrative fees charged by such Lender in connection with the foregoing. The
foregoing indemnity shall not apply to any special, incidental or consequential damages.

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     For purposes of calculating amounts payable by the Borrowers to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan made
by it at the Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the
applicable offshore Dollar interbank market for a comparable amount and for a comparable period,
whether or not such Eurocurrency Rate Loan was in fact so funded.

     3.06 Matters Applicable to all Requests for Compensation.

     (a) A certificate of the Administrative Agent or any Lender claiming compensation under this
Article III and setting forth in reasonable detail the basis for computing the additional
amount or amounts to be paid to it hereunder shall be provided to the Company and shall be
conclusive in the absence of manifest error. In determining such amount, the Administrative Agent
or such Lender may use any reasonable averaging and attribution methods.

     (b) Upon any Lender’s making a claim for compensation under Section 3.01, 3.04
or 3.07, the Company may remove or replace such Lender in accordance with Section
10.15.

     3.07 Additional Interest Costs.

          (a) Mandatory Cost. If and so long as any Lender is required to make special deposits
with the Bank of England, to maintain reserve asset ratios or to pay fees, in each case in respect
of such Lender’s Eurocurrency Rate Loans in any currency other than Dollars, such Lender may
require the Company to pay, or the applicable Borrower to pay, contemporaneously with each payment
of interest on each of such Loans, additional interest on such Loan at a rate per annum equal to
the Mandatory Cost calculated in accordance with the formula and in the manner set forth in
Schedule I hereto.

          (b) Other Requirements for Additional Interest. If and so long as any Lender is
required to comply with reserve asset ratios, liquidity, cash margin or other requirements of
any monetary or other authority (including any such requirement imposed by the European
Central Bank or the European System of Central Banks, but excluding requirements reflected in the
Eurocurrency Reserve Rate or the Mandatory Cost) in respect of any of such Lender’s Eurocurrency
Rate Loans in any currency other than Dollars, such Lender may require the Company to pay, or cause
the applicable Borrower to pay, contemporaneously with each payment of interest on each of such
Loans subject to such requirements, additional interest on such Loan at a rate per annum specified
by such Lender to be the cost to such Lender of complying with such requirements in relation to
such Loan.

          (c) Determination of Amounts Due. Any additional interest owed pursuant to subsection
(a) or (b) above shall be determined by the relevant Lender and notified to the Company (with a
copy to the Administrative Agent) in the form of a certificate setting forth such additional
interest at least five Business Days before each date on which interest is payable for the relevant
Loan, and such additional interest so notified to the Company by such Lender shall be payable to
the Administrative Agent for the account of such Lender on each date on which interest is payable
for such Loan.

          (d) Limitation on Amounts Due. Subject to Section 3.09(b), failure or delay
on the part of any Lender on any occasion to demand additional interest pursuant to this Section

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shall not constitute a waiver of such Lender’s right to demand such additional interest on any
subsequent occasion.

     3.08 Survival. All of the Borrowers’ obligations (and each Lenders’ and the Administrative
Agent’s obligation of notice) under this Article III shall survive termination of the
Commitments and payment in full of all the other Obligations.

     3.09 Change in Lending Office; Limitation on Increased Costs.

     (a) Each Lender agrees that it will use reasonable efforts to designate an alternate lending
office with respect to any of its Loans affected by the matters or circumstances described in
Sections 3.01, 3.02, 3.04 or 3.07 to reduce the liability of the
Borrowers or avoid the results provided thereunder, so long as such designation is not
disadvantageous to such Lender as determined by such Lender in its sole discretion;
provided that nothing in this Section 3.09 shall affect or postpone any of the
obligations of any Borrower or the right of any Lender provided in such Sections.

     (b) Notwithstanding Section 3.04, Section 3.06 or Section 3.07, the
Borrowers shall only be obligated to compensate the Lenders for amounts arising under Section
3.04, Section 3.06 or Section 3.07 to the extent such amounts arose during (i)
any time or period commencing not more than 6 months prior to the date on which such Lender
notifies the Administrative Agent and the Company that such Lender proposes to demand compensation
under Section 3.04, Section 3.06 or Section 3.07 and (ii) any time or
period during which, because of the unannounced retroactive application of any statute, regulation
or other basis, such Lender could not have known that such amount might arise or accrue.

ARTICLE IV.

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

     4.01 Conditions of Initial Credit Extension. The obligation of each Lender to make its
initial Credit Extension hereunder, and the right of the Borrowers to request the making of the
initial Revolving Loan and Swingline Loan are subject to satisfaction of the following conditions
precedent:

     (a) Unless waived by all the Lenders (or by the Administrative Agent with respect to
immaterial matters or items specified in clause (iii) below with respect to which the Company has
given assurances satisfactory to the Administrative Agent that such items shall be delivered
promptly following the Closing Date)), the Administrative Agent’s receipt of the following, each of
which shall be originals or facsimiles (followed promptly by originals) unless otherwise specified,
each properly executed by a Responsible Officer of the Company (where applicable), each dated the
Closing Date (or, in the case of certificates of governmental officials, a recent date before the
Closing Date) and each in form and substance satisfactory to the Administrative Agent and its legal
counsel:

     (i) executed counterparts of this Agreement, sufficient in number for distribution to
the Administrative Agent, each Lender and the Company;

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     (ii) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of the Secretary or Assistant Secretary of each Borrower as the
Administrative Agent may require to establish the identities of and verify the authority
and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer
in connection with this Agreement and the other Loan Documents to which such Borrower is a
party;

     (iii) such evidence as the Administrative Agent may reasonably require to verify that
each Borrower is duly organized or formed, validly existing, in good standing and qualified
to engage in business in each jurisdiction (A) in which it is incorporated or has any
headquarter function, or (B) in which it has a substantial operating facility; including
certified copies of such Borrower’s Organization Documents and certificates of good
standing and qualification to engage in business;

     (iv) a certificate signed by a Responsible Officer of each Borrower certifying (A)
that the conditions specified in Sections 4.02(a) and (b) have been
satisfied, (B) that there has been no event or circumstance since the date of the Audited
Financial Statements which has or could be reasonably expected to have a Material Adverse
Effect; and (C) the current Senior Debt Ratings;

     (v) an affirmative opinion of counsel to each Borrower addressing such matters as are
set forth in Exhibit E hereto;

     (vi) evidence (A) that all amounts outstanding under the Existing Credit Facility have
been paid (including, without limitation, principal, interest and fees), provided
that all such amounts may be simultaneously repaid with Loan(s) advanced
under this Agreement, and (B) that the “commitments” of the lenders under the Existing
Credit Facility have been or concurrently with the Closing Date are being terminated;

     (vii) a duly executed Request for Credit Extension for any Credit Extension to be made
on the Closing Date;

     (viii) a duly executed funds disbursement agreement, if applicable;

     (ix) certified copies of any consents, approvals, authorizations, registrations or
filings required to be made or obtained by the Borrowers in connection with the execution,
delivery, performance, validity and enforceability of the Loan Documents, or any of the
transactions contemplated thereby, and such consents, approvals, authorizations,
registrations, filings and orders shall be in full force and effect and all applicable
waiting periods shall have expired and no investigation or inquiry by any Governmental
Authority regarding the Loan Documents or the transactions contemplated thereby shall be
ongoing; and

     (x) such other assurances, certificates, documents or consents as the Administrative
Agent, the L/C Issuers or the Required Lenders reasonably may require.

     (b) Any fees required to be paid on or before the Closing Date in connection herewith shall
have been paid.

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     (c) Unless waived by the Administrative Agent, the Borrowers shall have paid all Attorney
Costs of the Administrative Agent to the extent invoiced prior to or on the Closing Date, plus such
additional amounts of Attorney Costs as shall constitute the Administrative Agent’s reasonable
estimates of Attorney Costs incurred or to be incurred by each of them through the closing
proceedings (provided that such estimate shall not thereafter preclude a final settling of
accounts between the Borrowers and the Administrative Agent).

     Without limiting the generality of the provisions of Section 4.01, for purposes of
determining compliance with the conditions specified in this Section 4.01, each Lender that
has signed this Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by
or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

     4.02 Conditions to all Credit Extensions. The obligation of each Lender to honor any Request
for Credit Extension (other than a Revolving Loan Notice requesting only a conversion of Revolving
Loans to the other Type, or a continuation of Revolving Loans as the same Type) is subject to the
following conditions precedent:

     (a) The representations and warranties of the Borrowers contained in Article V (but
excluding the representation set forth in Section 5.05(b)) or in any other Loan Document
shall be true and correct in all material respects on and as of the date of such Credit Extension,
except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct in all material respects as of such earlier
date.

     (b) No Default or Event of Default shall exist, or would result from such proposed Credit
Extension.

     (c) The Administrative Agent and, if applicable, the applicable L/C Issuer, shall have
received a Request for Credit Extension in accordance with the requirements hereof.

     Each Request for Credit Extension (other than a Revolving Loan Notice requesting only a
conversion of Revolving Loans to the other Type or a continuation of Revolving Loans as the same
Type) submitted by the Company shall be deemed to be a representation and warranty that the
conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of
the date of the applicable Credit Extension.

ARTICLE V.

REPRESENTATIONS AND WARRANTIES

     Each Borrower represents and warrants to the Administrative Agent and the Lenders that:

     5.01 Existence, Qualification. Such Borrower is a corporation duly incorporated, validly
existing and in good standing under the Laws of its jurisdiction of incorporation, and the Company
is in good standing under the Laws of the State of Florida.

     5.02 Authorization; No Contravention. The execution, delivery and performance by each
Borrower of each Loan Document are within its corporate or analogous powers, have been

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duly authorized by all necessary corporate or analogous action, and do not contravene (a) such
Borrower’s Organization Documents, (b) any applicable Laws or (c) any material contractual
restriction binding on or affecting such Borrower.

     5.03 Governmental Authorization. No authorization or approval or other action by, and no
notice to or filing with, any Governmental Authority or any other Person is required for the due
execution, delivery and performance by any Borrower of any Loan Document.

     5.04 Binding Effect. This Agreement is, and each other Loan Document when delivered hereunder
will be, the valid and binding obligation of each Borrower enforceable against it in accordance
with its respective terms except that such enforcement may be limited by applicable Debtor Relief
Laws.

     5.05 Financial Statements; No Material Adverse Change.

     (a) The Audited Financial Statements, copies of which have been furnished to the Lenders,
fairly present in all material respects the consolidated financial condition of the Company and its
Subsidiaries as of June 27, 2008 and the results of the operations of the Company and its
Subsidiaries for the fiscal year ended on such date, all in accordance with GAAP consistently
applied.

     (b) Since the date of the Audited Financial Statements, there has been no change in such
conditions or operations that could reasonably be expected to have a Material Adverse Effect.

     5.06 Litigation. Except as set forth on Schedule 5.06, on the date of this Agreement
there is no pending or, to the Company’s knowledge, threatened action, investigation or proceeding
affecting any Borrower or any Restricted Subsidiaries before any court, Governmental Authority or
arbitrator which if adversely determined could reasonably be expected to have a Material Adverse
Effect.

     5.07 ERISA Compliance. No Reportable Event has occurred during the five-year period prior to
the date on which this representation is made or deemed made with respect to any Single Employer
Plan, and each Single Employer Plan has, during this five-year period, complied in all material
respects with the applicable provisions of ERISA and the Code. There is no outstanding Lien under
ERISA or the Code with respect to any Single Employer Plan. The present value of all accrued
benefits under each Single Employer Plan (based on those assumptions used to fund the Plan as
determined by the Plan’s actuary) did not, as of the last annual valuation date prior to the date
on which this representation is made or deemed made, exceed the value of the assets of such Plan
allocable to such accrued benefits. Neither the Company nor any Commonly Controlled Entity has had
a complete or partial withdrawal from any Multiemployer Plan with respect to which there is an
outstanding liability, and neither the Company nor any Commonly Controlled Entity would become
subject to any liability under ERISA if 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. No such Multiemployer Plan is in
Reorganization or Insolvency. Notwithstanding the foregoing, none of the events, acts or failures
to act

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described in this Section 5.07 shall be deemed to result in a breach of a
representation or warranty unless it could reasonably be expected to have a Material Adverse
Effect.

     5.08 Real Property. To each Borrower’s knowledge, each of the representations and warranties
set forth in paragraphs (a) through (e) of this Section 5.08 is true and correct with
respect to each parcel or real property owned or operated by the Borrowers and the Restricted
Subsidiaries (the “Properties”), except to the extent that the facts and circumstances
giving rise to any such failure to be so true and correct would not reasonably be expected to have
a Material Adverse Effect:

     (a) The Properties do not contain, and have not previously contained, in, on, or under such
Properties, including without limitation, the soil and groundwater thereunder, any Hazardous
Materials in concentrations which violate Environmental Laws.

     (b) The Properties and all operations and facilities at the Properties are in compliance with
all Environmental Laws, and there is no Hazardous Materials contamination or violation of any
Environmental Law which could interfere with the continued operation of any of the Properties or
impair the fair saleable value of any thereof.

     (c) Neither the Borrowers nor any of the Restricted Subsidiaries has received any complaint,
notice of violation, alleged violation, investigation or advisory action or of potential liability
or of potential responsibility regarding environmental protection matters or permit compliance with
regard to the Properties, nor is any Borrower aware that any Governmental Authority is
contemplating delivery to any Borrower or any of the Restricted Subsidiaries of any such notice.

     (d) Hazardous Materials have not been generated, treated, stored, disposed of, at, on or under
any of the Properties, nor have any Hazardous Materials been transferred from the Properties to any
other location, in either case, in a manner that violates any Environmental Law.

     (e) There are no governmental, administrative actions or judicial proceedings pending or
contemplated under any Environmental Laws to which any Borrower or any of the Restricted
Subsidiaries is or will be named as a party with respect to the Properties, 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
any of the Properties.

     5.09 Margin Regulations; Investment Company Act.

     (a) No Borrower is generally engaged in the business of extending credit or in the business of
purchasing or carrying Margin Stock, and the Borrowings hereunder will not be used for the purpose
of carrying Margin Stock in a manner which (i) would violate or result in a violation of
Regulations T, U or X issued by the Board, or (ii) would constitute a Hostile Acquisition involving
Margin Stock.

     (b) None of any Borrower, any Person controlling any Borrower, or any Restricted Subsidiary is
or is required to be registered as an “investment company” under the Investment Company Act of
1940.

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     5.10 Outstanding Loans. The aggregate outstanding Revolving Credit Exposure does not exceed
the Aggregate Commitments.

     5.11 Taxes. The Borrowers and the Restricted Subsidiaries have filed all Federal, state and
other tax returns and reports required to be filed, and have paid all Federal, state and other
taxes, assessments, fees and other governmental charges levied or imposed upon them or their
properties, income or assets otherwise due and payable, except (a) those the failure to so file or
pay would not in the aggregate have a Material Adverse Effect or which are being contested in good
faith by appropriate proceedings and for which adequate reserves have been provided in accordance
with GAAP, and (b) those required, levied or imposed by foreign governments if, in the opinion of
the chief executive officer of the Company, the filing or payment thereof shall no longer be
advantageous to the Borrowers or the Restricted Subsidiaries in the conduct of their business and
the failure to so file or pay would not in the aggregate have a Material Adverse Effect. There is
no proposed tax assessment against any Borrower or any Restricted Subsidiary that would, if made,
have a Material Adverse Effect.

     5.12 Intellectual Property; License, Etc. Each of the Borrowers and the Restricted
Subsidiaries owns, or is licensed, or otherwise has the right, to use, all patents, trademarks,
service marks, trade names, copyrights and other intellectual property necessary to its business,
and, except as set forth on Schedule 5.06, the use thereof by the Borrowers and the
Restricted Subsidiaries does not infringe on the rights of any other Person, except in each case
where a failure to have such rights or such infringement would not have a Material Adverse Effect.

     5.13 Disclosure. No statement, information, report, representation, or warranty made by any
Borrower in any Loan Document or furnished to the Administrative Agent or any Lender by or on
behalf of any Borrower in connection with any Loan Document when made contains any untrue statement
of material fact or omits any material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading in any
material respect. This representation does not apply to estimates or projections of future
performance, which each Borrower represents were or will be prepared in good faith based upon
assumptions believed to be reasonable at the time of preparation.

     5.14 Solvency. Immediately following the making of each Borrowing and after giving effect to
the application of the proceeds of such Borrowing, each Borrower will be Solvent.

     5.15 Patriot Act. The Company and the Restricted Subsidiaries are in compliance with (a) the
Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the
United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other
enabling legislation or executive order relating thereto, and (b) Title III of the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
(USA PATRIOT ACT) of 2001 (Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot
Act”), except to the extent any such non-compliance or violation would not reasonably be
expected to have a Material Adverse Effect. No part of the proceeds of the Loans will be used,
directly or indirectly, for any payments to any governmental official or employee, political party,
official of a political party, candidate for political office, or anyone else acting in an official
capacity, in order to obtain, retain or direct business or obtain any improper advantage, in
violation of the Foreign Corrupt Practices Act of 1977, as amended.

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     5.16 OFAC. Neither the Company nor any of the Restricted Subsidiaries (a) is a person whose
property or interest in property is blocked or currently subject to blocking pursuant to Section 1
of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With
Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (b)
knowingly engages in any dealings or transactions prohibited by Section 2 of such executive order,
or is otherwise knowingly associated with any such person in any manner violative of Section 2, or
(c) is currently a person on the list of Specially Designated Nationals and Blocked Persons or is
currently subject to the limitations or prohibitions under any other U.S. Department of Treasury’s
Office of Foreign Assets Control regulation or executive order. For purposes hereof, “knowingly”
is based upon the knowledge of a Responsible Officer.

ARTICLE VI.

AFFIRMATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall
remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrowers
shall, unless the Required Lenders shall otherwise consent in writing:

     6.01 Reporting Requirements.

     Deliver to the Administrative Agent (with sufficient copies for distribution to each Lender):

     (a) as soon as available, but in any event within 90 days after the end of each fiscal year of
the Company, a consolidated balance sheet of the Company and its Subsidiaries as at the end of such
fiscal year, and the related consolidated statements of income and cash flows for such fiscal year,
setting forth in each case in comparative form the figures for the previous fiscal year, all in
reasonable detail, audited and accompanied by a report and opinion of Ernst & Young LLP, Deloitte &
Touche USA LLP, PricewaterhouseCoopers LLP, KPMG LLP or another independent certified public
accountant of nationally recognized standing reasonably acceptable to the Required Lenders, which
report and opinion shall be prepared in accordance with GAAP and shall not be subject to any
qualifications or exceptions as to the scope of the audit nor to any going concern qualification;

     (b) as soon as available, but in any event within 50 days after the end of each of the first
three fiscal quarters of each fiscal year of the Company, a consolidated balance sheet of the
Company and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated
statements of income for such fiscal quarter and cash flows for the portion of the Company’s fiscal
year then ended, setting forth in each case in comparative form the figures for the corresponding
fiscal quarter or portion of the Company’s fiscal year then ended of the previous fiscal year, all
in reasonable detail and certified by a Responsible Officer of the Company as fairly presenting in
all material respects the financial condition, results of operations and cash flows of the Company
and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and
the absence of footnotes;

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     (c) promptly after the sending or filing thereof, copies of all material reports which the
Company sends to its stockholders generally, and copies of all reports and registration statements
which the Company or any Restricted Subsidiary files with the Securities and Exchange Commission or
any national securities exchange; provided that the Company shall not be required to
furnish copies of registration statements filed on Form S-8, Form 144 or Forms 3, 4 or 5, or
exhibits to the reports and registration statements referred to in this subsection (c);

     (d) promptly subsequent to the rendering thereof and, upon a Responsible Officer becoming
aware thereof, notice of the rendering against the Company or any Restricted Subsidiary of any
final judgment or order for the payment of money in excess of the Threshold Amount (or its
equivalent in another applicable currency), together with a description in
reasonable detail of the relevant circumstances and the action which the Company proposes to
take in response thereto;

     (e) promptly, notice of any Event of Default or any Default hereunder, together with a
description in reasonable detail of the relevant circumstances and the action which the Company
proposes to take in response thereto;

     (f) promptly, notice of the occurrence of any ERISA Event that has resulted in or could
reasonably be expected to result in a Material Adverse Effect; together with a description in
reasonable detail of the relevant circumstances and the action which the Company proposes to take
in response thereto;

     (g) promptly, of any announcement by Moody’s or S&P of any downgrade or possible downgrade in
a Senior Debt Rating; and

     (h) such other information respecting the conditions or operations, financial or otherwise, of
any Borrower or any of its Subsidiaries as any Lender, through the Administrative Agent, may from
time to time reasonably request and subject to restrictions imposed by applicable security
clearance regulations, provided, however, that the Borrowers shall only be required
to use their commercially reasonable efforts with respect to requests for information regarding
Unrestricted Subsidiaries.

     Reports required to be delivered pursuant to Sections 6.01(a), (b) or
(c) shall be deemed to have been delivered on the date on which the Company posts such
reports on the Company’s website on the Internet at the website address listed on Schedule
10.02 hereof or when such report is posted on the Securities and Exchange Commission’s website
at www.sec.gov; provided that (x) the Company shall deliver paper copies of such reports to
the Administrative Agent upon request or to any Lender who requests the Company to deliver such
paper copies until written request to cease delivering paper copies is given by the Administrative
Agent or such Lender, and (y) the Company shall, on or before the required delivery date, notify by
facsimile or electronic mail (unless requested by such Person to provide paper copies of any such
notice) the Administrative Agent and each Lender of the posting of any such reports. The
Administrative Agent shall have no obligation to request the delivery or to maintain copies of the
reports referred to above, and in any event shall have no responsibility to monitor compliance by
the Company with any such request for delivery, and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such reports.

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     6.02 Corporate Existence. Maintain its corporate existence and good standing in its
jurisdiction of incorporation and maintain its qualification as a foreign corporation and good
standing in all jurisdictions where the failure to so qualify would have a Material Adverse Effect.

     6.03 Compliance with Laws, Etc. Comply, and cause each of the Restricted Subsidiaries to
comply, with all applicable laws, rules, regulations and orders where the failure to so comply
would have a Material Adverse Effect, such compliance to include, without limitation, paying before
the same become
delinquent all taxes, assessments and governmental charges imposed upon it or upon its
property, except to the extent otherwise permitted by Section 6.08.

     6.04 Certificates. Furnish to the Administrative Agent (in sufficient copies for distribution
to each Lender), promptly following the filing of the financial statements referred to in
Section 6.01(a) and (b), but in no case later than the deadlines set for the
delivery of the applicable financial statements in those subsections, a Compliance Certificate
signed by a Responsible Officer (a) stating that, to such Responsible Officer’s knowledge, the
Borrowers during such period have in all material respects observed or performed all of their
covenants and other agreements and satisfied every condition contained in this Agreement and in
each other Loan Document to be observed, performed or satisfied by them, and that such Responsible
Officer has obtained no knowledge of any Event of Default except as specified in such certificate,
and (b) showing in reasonable detail the calculation supporting such statement in respect of
Sections 7.01(p), 7.03 and 7.06.

     6.05 Covenant to Secure Notes Equally. Without affecting the obligations of the Borrowers
under Section 7.01, if any Borrower or any Restricted Subsidiary shall create, assume,
incur or suffer to exist any Lien upon any of their respective property or assets, whether now
owned or hereafter acquired, other than Permitted Liens (unless written consent to the creation or
assumption thereof shall have been obtained from the Required Lenders pursuant to Section
10.01), then the Borrowers shall make or cause to be made effective provisions whereby the
Obligations shall be secured by such Lien equally and ratably with any and all other Debt or other
obligations thereby secured, and such security shall be created and conveyed by documentation
satisfactory in scope, form and substance to the Administrative Agent and shall continue in full
force and effect until the same is released by the Lenders, for as long as the Debt or other
obligations are secured thereby and in any case the Obligations shall have the benefit, to the full
extent that the holders may be entitled thereto under applicable law, of an equitable lien on such
property or assets equally and ratably securing the Obligations.

     6.06 Maintenance of Properties. Maintain all of its property in good repair, working order
and condition, reasonable wear and tear excepted, and from time to time to make all proper repairs,
renewals or replacements, betterments and improvements thereto so that the business carried on in
connection therewith may be properly conducted at all times, and cause the Restricted Subsidiaries
to do so, except where the failure to maintain, make such repairs, renewals, replacements,
betterments or improvements would not, in the aggregate, have a Material Adverse Effect and for
asset dispositions, transfers or sales not prohibited by Section 7.02.

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     6.07 Maintenance of Insurance. Keep, and cause each of the Restricted Subsidiaries to keep,
all of its insurable properties insured against loss or damage by theft, fire, smoke, sprinklers,
riot and explosion, such insurance to be in such form, in such amount and against such other risks
and hazards as are customarily maintained (including risk retention) by other Persons operating
similar businesses and having similar properties in the same general areas in which the Company and
the Restricted Subsidiaries own property.

     6.08 Taxes and Other Claims. Pay and discharge, and cause each of the Restricted Subsidiaries
to pay and discharge, before the same shall become delinquent, (a) all tax liabilities, assessments
and governmental charges or levies imposed upon it or its properties or assets, and (b) all known
lawful claims which, if unpaid, might by law become a Lien upon its property; provided that
neither the Company nor any of the Restricted Subsidiaries shall be required to pay or discharge
(x) any such tax, assessment, charge or claim which is being contested in good faith and by proper
proceedings and for which adequate reserves have been provided in accordance with GAAP or (y) any
such taxes or assessments levied by foreign governments if, in the opinion of the chief executive
officer of the Company, payment thereof shall no longer be advantageous to the Company or such
Restricted Subsidiary in the conduct of its business and the failure to so pay would not in the
aggregate have a Material Adverse Effect.

     6.09 Environmental Laws.

     (a) Comply with, and use commercially reasonable efforts to ensure compliance by all tenants
and subtenants, if any, with all Environmental Laws and obtain and comply with and maintain, and
ensure that all tenants and subtenants obtain and comply with and maintain, any and all licenses,
approvals, registration or permits required by Environmental Laws, and cause each of the Restricted
Subsidiaries to do so, except to the extent that failure to do so would not be reasonably expected
to have a Material Adverse Effect;

     (b) Conduct and complete all investigations, studies, sampling and testing, and all remedial,
removal and other actions required under Environmental Laws and promptly comply with all lawful
orders and directives of all Governmental Authorities respecting Environmental Laws, and cause each
of the Restricted Subsidiaries to do so except to the extent that the same are being contested in
good faith by appropriate proceedings and the pendency of such proceedings or the failure to so
comply would not be reasonably expected to have a Material Adverse Effect; and

     (c) Defend, indemnify and hold harmless the Administrative Agent and each Lender, and their
respective employees, agents, officers and directors, from and against any actual and direct
claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of
whatever kind or nature, known or unknown, contingent or otherwise, arising out of, or in any way
relating to the violation of or noncompliance with any Environmental Laws applicable to the real
property owned or operated by the Company or any of the Restricted Subsidiaries, or any orders,
requirements or demands of Governmental Authorities related thereto, including, without limitation,
reasonable attorney’s and consultant’s fees, investigation and laboratory fees, court costs and
litigation expenses, except to the extent that any of the foregoing arise out of the gross
negligence or willful misconduct of the party seeking indemnification therefor; provided
that the indemnification provided for by this paragraph shall

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survive the repayment of the
Obligations and the termination of the Commitments for a period of five years.

     6.10 Books and Records. Keep, and cause each of its Material Subsidiaries to keep, proper
books of record and account, containing
complete and accurate entries in all material respects of all their respective financial and
business transactions.

     6.11 Compliance with ERISA. Do, and cause each of its Commonly Controlled Entities to do,
each of the following: (a) maintain each Plan (other than a Multiemployer Plan) in compliance in
all material respects with the applicable provisions of ERISA, the Code and other Federal or state
law; (b) cause each Single Employer Plan which is qualified under Section 401(a) of the Code to
maintain such qualification; and (c) make all required contributions to any Plan subject to Section
412 of the Code; except, in each case, where the failure to do so could not reasonably be
expected to result in a Material Adverse Effect.

     6.12 Visitation, Inspection, Etc. Permit and cause each of its Material Subsidiaries to
permit (a) any representative of the Administrative Agent or the Required Lenders at the expense of
the Administrative Agent or such Lenders, as the case may be unless an Event of Default has
occurred and is continuing, to visit and inspect its properties, to examine its financial books and
records and to make copies and take extracts therefrom all at such reasonable times and as often as
the Administrative Agent or the Required Lenders may reasonably request after reasonable prior
notice to the Company, and (b) permit any representative of the Administrative Agent or any Lender
to discuss its affairs, finances and accounts with any of its officers and with its independent
certified public accountants, all at such reasonable times and as often as the Administrative Agent
or any Lender may reasonably request after reasonable prior notice to the Company;
provided, however, if an Event of Default has occurred and is continuing, no prior
notice shall be required. Notwithstanding anything to the contrary contained in this Section
6.12, the right of visitation and inspection shall be subject to reasonable limitations for
security related precautions and subject to the confidentiality provisions contained in Section
10.08.

ARTICLE VII.

NEGATIVE COVENANTS

     So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation shall
remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrowers shall
not, without the written consent of the Required Lenders:

     7.01 Liens. Create, assume, incur or suffer to exist, or allow any Restricted Subsidiary to
create, assume, incur or suffer to exist, except by a Restricted Subsidiary in favor of the Company
or another wholly-owned Restricted Subsidiary, any Lien on any of its property or assets or any
shares of capital stock or indebtedness of any Restricted Subsidiary, whether now owned or
hereafter acquired, or assigned, except:

     (a) Liens incurred in connection with the Cash Collateralization of any L/C Exposure;

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     (b) Liens for taxes not yet due, or Liens for taxes being contested in good faith and by
appropriate proceedings for which adequate reserves have been established in accordance with GAAP;

     (c) Liens in respect of property or assets of the Company or any Restricted Subsidiary imposed
by Law, which were incurred in the ordinary course of business, such as carriers’, warehousemen’s
and mechanics’ liens and other similar Liens arising in the ordinary course of business and (i)
which do not in the aggregate materially detract from the value of such property or assets or
materially impair the use thereof in the operations of the business of the Company or any
Restricted Subsidiary or (ii) which are being contested in good faith by appropriate proceedings
for which adequate reserves have been established in accordance with GAAP and which proceedings
have the effect of preventing the forfeiture or sale of the property or assets subject to any such
Lien;

     (d) Liens existing prior to the time of acquisition (other than Liens created, assumed or
incurred in anticipation of acquisition) upon any property acquired by the Company or any
Restricted Subsidiary through purchase, merger or consolidation or otherwise, if the payment of the
indebtedness secured thereby or interest thereon will not become, by assumption or otherwise, a
personal obligation of the Company or a Restricted Subsidiary (other than a Person that becomes a
Restricted Subsidiary as a result of such acquisition);

     (e) any Lien placed upon property hereafter acquired by the Company or any Restricted
Subsidiary or placed upon any equipment, land, buildings, or other properties purchased or
constructed which secures Debt incurred for its purchase or construction; provided that (i)
such Lien shall cover only hereafter acquired property or property on which construction occurs,
and (ii) any such Lien shall be created within six months of the acquisition of, or completion of
construction on, such property; and provided, further, that the amount of Debt secured by
any such Lien shall not exceed 100% of the lesser of the fair market value at the time of
acquisition or the cost of the encumbered property, equipment, land or building, or construction
costs, as the case may be;

     (f) Liens (other than any Lien imposed pursuant to Sections 303 or 4068 of ERISA or Section
430 of the Code) arising by reason of deposits with, or the giving of any form of security to, any
Governmental Authority or any body created or approved by Law, which is required by Law as a
condition to the transaction of any business, or the exercise of any privilege or license, or to
enable the Company or a Restricted Subsidiary to maintain self-insurance or to participate in any
arrangements established by Law to cover any insurance risks or in connection with workmen’s
compensation, unemployment insurance, old age pensions, social security or similar matters;

     (g) judgment liens securing judgments, none of which individually exceed the Threshold Amount,
so long as the finality of any such judgment is being contested in good faith and execution thereon
is stayed and adequate reserves have been established in accordance with GAAP;

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     (h) easements or similar encumbrances, the existence of which does not materially impair the
use or value of the property subject thereto for the purposes for which it is held or was acquired;

     (i) lessors’ and landlords’ Liens on fixtures and movable property (other than computer
equipment) located on premises leased in the ordinary course of business, so long as the rent
secured by said fixtures and movable property is not in default, and any deposits to secure the
performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds,
performance bonds and other obligations of a like nature, in each case in the ordinary course of
business;

     (j) Liens consisting of leases (whether “true” leases or capitalized leases) of computer or
other office equipment entered into in the ordinary course of business;

     (k) Liens, pledges or deposits made in connection with Government Contracts insofar as such
Liens, pledges or deposits relate to property manufactured, installed, constructed, acquired or to
be supplied by, or property furnished to, the Company or a Restricted Subsidiary pursuant to, or to
enable the performance of, such Government Contracts, or property the manufacture, installation,
construction or acquisition of which any Governmental Authority thereof finances or guarantees the
financing of, pursuant to, or to enable the performance of, such Government Contracts; or deposits
or Liens, made pursuant to such Government Contracts, of or upon moneys advanced or paid pursuant
to, or in accordance with the provisions of, such Government Contracts, or of or upon any materials
or supplies acquired for the purposes of the performance of such Government Contracts; or the
assignment or pledge to any Person, to the extent permitted by Law, of the right, title and
interest of the Company or a Restricted Subsidiary in and to any Government Contract, or in and to
any payments due or to become due thereunder, to secure indebtedness incurred and owing to such
Person for funds or other property supplied, constructed or installed for or in connection with the
performance by the Company or such Restricted Subsidiary of its obligations under such Government
Contract;

     (l) any mortgage or other Lien in favor of the United States of America or any State thereof,
or political subdivision of the United States of America or any State thereof, or any department,
agency or instrumentality of the United States of America or any State thereof, or any such
political subdivision, to secure Debt incurred for the purpose of financing the acquisition,
construction or improvement of all or any part of the property subject to such mortgage or other
Lien; provided, that (i) any such Lien shall cover only such acquired property or property
on which construction of improvements occurs, and (ii) any such Lien shall be created within six
months of the acquisition of or construction or improvement on such property; and provided,
further, that (x) the amount of Debt secured by any such Lien shall not exceed 100% of the
lesser of the fair market value at the time of acquisition or construction or the cost of the
encumbered property, equipment, land or building, as the case may be and (y) the aggregate amount
of all Debt and other indebtedness secured by all such Liens shall not exceed $75,000,000 at any
time during the term of this Agreement;

     (m) any Lien securing Debt of a Restricted Subsidiary (i) existing on any asset of any Person
at the time such Person becomes a Restricted Subsidiary, (ii) existing on any asset of any Person
at the time such Person is merged with or into the Company or any Restricted

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Subsidiary or (iii) existing on any asset prior to the acquisition thereof by the Company or
any Restricted Subsidiary; provided, that any such Lien referred to in clauses (i), (ii)
and (iii) was not created in the contemplation of any of the foregoing, and any such Lien secures
only those obligations which it secures on the date that such Person becomes a Restricted
Subsidiary or the date of such merger or the date of such acquisition;

     (n) any Lien created in connection with the refinancing, renewal or extension of any
obligations, Debt or claims secured by a Lien of the type described in subsections (d), (e), (f),
(g), (l) and (m) above which is limited to the same property; provided that the aggregate
amount of the Debt or claims secured by such refinancing, renewal or extension Lien does not exceed
the aggregate amount thereof secured by the Lien so refinanced, renewed or extended and outstanding
at the time of such refinancing, renewal or extension;

     (o) Liens on accounts receivable, notes, chattel paper and related property subject to a
Securitization, provided that the applicable amount of any and all such Securitizations at
any time outstanding, shall not at any time exceed the amount of $300,000,000 less any
Vendor Finance Investments (other than any Vendor Finance Investments to the extent covered by
independent third-party credit insurance as to which the insurer does not dispute coverage) then
maintained by the Company or the Restricted Subsidiaries; and

     (p) any Liens other than Liens set forth in subsections (a) through (o) or Liens incurred in
connection with a Securitization, provided that the sum of (i) the aggregate amount
of Debt and other indebtedness secured by all such Liens permitted under this subsection (p), (ii)
the aggregate monetary obligations in respect of transactions permitted pursuant to the proviso of
Section 7.03 and (iii) the applicable amount of all Securitizations of the Company and the
Restricted Subsidiaries, shall not at any time exceed 25% of Total Capital.

     7.02 Merger, Consolidation and Sale of Assets.

     (a) Merge or consolidate with or sell, assign, lease or otherwise dispose of (whether in one
transaction or in a series of transactions) all or substantially all of its assets (whether now
owned or hereafter acquired) to any Person, or permit any of its Material Subsidiaries (or any
group of the Restricted Subsidiaries which taken as a whole would constitute a Material Subsidiary)
to do so, except that any such Restricted Subsidiary may merge into or consolidate with or transfer
assets to the Company or any other such Restricted Subsidiary and any Borrower may merge with any
other Person provided in each case that, immediately thereafter and giving effect thereto, no event
shall have occurred and be continuing which constitutes a Default or an Event of Default and, in
the case of any such merger or consolidation to which the Company is a party, the Company is the
surviving corporation.

     (b) Sell, assign, lease or otherwise dispose of (whether in one transaction or in a series of
transactions) all or substantially all of the assets of any line of business or other division of
any Borrower or any Restricted Subsidiary, including through a spin-off, reverse spin-off,
split-off or similar transaction (each, a “Divestiture”), except that any Borrower
or any Restricted Subsidiary may undertake any such Divestiture (i) to the Company or to any
wholly-owned Restricted Subsidiary, as applicable, provided that, after the consummation of
any such Divestiture, the Company shall not distribute any dividend to the shareholders of the Company

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payable in capital stock of such Restricted Subsidiary or any successor or assignee Restricted
Subsidiary to which such assets have subsequently been transferred except in compliance with
Section 7.02(b)(iii), (ii) of all or any portion of the stock or assets of Harris Stratex
Networks, Inc. and its Subsidiaries and (iii) to the extent that, after giving effect to any such
Divestiture, (A) the aggregate book value of all assets that have been transferred in connection
with any and all other Divestitures pursuant to this clause (iii) after the Closing Date does not
exceed as of the date of any such Divestiture 40% of Consolidated Total Assets as of the last day
of the most recently ended fiscal quarter or fiscal year for which a Compliance Certificate has
been delivered pursuant to Section 6.04 and (B) the Consolidated EBIT attributable to the
stock or assets sold in all Divestitures pursuant to this clause (iii) after the Closing Date,
measured for the last trailing four fiscal quarter period prior to consummation of each such
Divestiture, does not exceed 20% of the Consolidated EBIT for the most recently ended fiscal
quarter for which a Compliance Certificate has been delivered pursuant to Section 6.04.

     7.03 Sale and Leaseback. Enter into any arrangement for a term exceeding five years with any
investor or to which such investor is a party providing for the leasing by any Borrower or any
Material Subsidiary of real or personal property which has been or is to be sold or transferred by
any Borrower or any Material Subsidiary to such investor or to any Person to whom funds have been
or are to be advanced by such investor on the security of such property or rental obligations of
any Borrower or any Material Subsidiary; provided that any Borrower or any Material
Subsidiary may enter into any such arrangement if the sum of (a) the aggregate monetary
obligations in respect of all such transactions, including the proposed sale-leaseback transaction,
plus (b) the aggregate amount of Debt secured by any Liens permitted by Section
7.01(p), plus (c) the applicable amount of all Securitizations of the Borrowers and all
of the Restricted Subsidiaries, shall not exceed 25% of Total Capital.

     7.04 Certain Investments. Make or maintain any Vendor Finance Investments (other than Vendor
Finance Investments to the extent covered by independent third-party credit insurance as to which
the insurer does not dispute coverage) that exceed in the aggregate, together with all other Vendor
Finance Investments then outstanding $300,000,000 less the aggregate applicable amount of
all Securitizations of the Borrowers and the Restricted Subsidiaries at any time outstanding.

     7.05 Use of Proceeds. Use, or allow any Restricted Subsidiary to use, directly or indirectly,
the proceeds of any Loan or any L/C Borrowing for purposes of undertaking or accomplishing a
Hostile Acquisition, or for any purpose in contravention of applicable Laws.

     7.06 Financial Covenants.

     (a) Interest Coverage Ratio. Permit the ratio of Consolidated EBITDA to Consolidated
Net Interest Expense to be less than 3.00:1.00. Compliance with this requirement shall be
calculated on a rolling four-quarter basis, measured on the last day of each fiscal quarter
commencing with the fiscal quarter ending closest to September 30, 2008.

     (b) Consolidated Total Indebtedness to Total Capital. Permit the ratio of
Consolidated Total Indebtedness (excluding the Debt of its Unrestricted Subsidiaries) to Total
Capital (excluding the Net Worth of Unrestricted Subsidiaries) to be greater than 0.60:1.00.

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Compliance with this requirement shall be required at all times and shall be reported for the last
day of each fiscal quarter commencing with the fiscal quarter ending closest to September 30, 2008.

     7.07 Restrictive Agreements. Enter into, incur or permit to exist, or permit any Material
Subsidiary to, enter into, incur or permit to exist, directly or indirectly, any agreement that
prohibits, restricts or imposes any condition upon the ability of any Material Subsidiary to pay
dividends or other distributions with respect to its common stock, to make or repay loans or
advances to any Borrower or any other Restricted Subsidiary or to transfer any of its property or
assets to any Borrower or any Restricted Subsidiary; provided, that (i) the foregoing shall
not apply to restrictions or conditions imposed by Law or by this Agreement or any other Loan
Document and (ii) the foregoing shall not apply to customary restrictions and conditions contained
in agreements relating to the sale of a Material Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Restricted Subsidiary that is sold and such sale
is not prohibited hereunder.

     7.08 Hedging Transactions. Enter into, or permit any of the Restricted Subsidiaries to enter
into, any Hedging Arrangement, other than Hedging Arrangements entered into in the ordinary course
of business to hedge or mitigate risks to which any Borrower or any Restricted Subsidiary is
exposed in the conduct of its business or the management of its liabilities. Solely for the
avoidance of doubt, the Borrowers acknowledge that a Hedging Arrangement entered into for
speculative purposes or of a speculative nature (which shall be deemed to include any Hedging
Arrangement under which any Borrower or any of the Restricted Subsidiaries is or may become obliged
to make any payment (i) in connection with the purchase by any third party of any common stock or
any Debt or (ii) as a result of changes in the market value of any common stock or any Debt; but
excluding any Hedging Arrangement tied to the market value of any common stock, equity security or
any Debt if any Borrower holds an investment in such common stock, equity security or Debt at the
time the Hedging Arrangement is executed) is not a Hedging Arrangement entered into in the ordinary
course of business to hedge or mitigate risks.

     7.09 Unrestricted Subsidiary Investment. Make or maintain any investment in common stock,
evidence of indebtedness or other securities (including any option, warrant, or other right to
acquire any of the foregoing) of, make or permit to exist any loans or advances to, guarantee or
otherwise become liable with respect to any obligations of, or make or permit to exist any
investment or any other interest in, any Unrestricted Subsidiary, other than investments in Harris
Stratex Networks, Inc. and its Subsidiaries existing on the Closing Date and up to $375,000,000 of
additional investment in Unrestricted Subsidiaries after the Closing Date.

ARTICLE VIII.

EVENTS OF DEFAULT AND REMEDIES

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

     (a) Non-Payment. The Borrowers shall fail to pay (i) any amount of principal of any
Loan or any L/C Borrowing when due; (ii) any interest on any Loan when due and such failure shall
remain unremedied for five days; or (iii) within ten days after the same becomes due

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and the
Company shall have received written notice thereof from the Administrative Agent or any Lender, any
other amount payable hereunder or under any other Loan Document; or

     (b) Specific Covenants.

     (i) The Borrowers shall have failed to perform or observe any term, covenant or
agreement contained in any of Sections 6.01(e), 6.02, 6.05,
7.02, 7.05 or 7.06; or

     (ii) The Borrowers shall have failed to perform or observe any term, covenant or
agreement contained in any of Sections 6.01(a) or (b), 6.04,
7.01, 7.03, 7.04 or 7.09 and such failure continues for 30
days after a Responsible Officer of the Company becomes aware or, through the exercise of
reasonable diligence, should have become aware of such failure; or

     (c) Other Defaults. The Borrowers shall have failed to perform or observe any other
covenant or agreement (not specified in subsection (b) above) contained in any Loan Document on its
part to be performed or observed and such failure continues for 30 days after written notice
thereof shall have been given to the Company by the Administrative Agent or any Lender; or

     (d) Representations and Warranties. Any representation or warranty made or deemed
made by any Borrower herein or by the Borrower (or any of its officers) in connection with this
Agreement or any other Loan Document shall prove to have been incorrect in any material respect
when made or deemed made; or

     (e) Payment of Debt. Any Borrower or any of its Restricted Subsidiaries shall (i)
fail to make any principal payment on account of any Debt (excluding the Obligations) or Hedging
Arrangement of any Borrower or such Restricted Subsidiary (as the case may be) having an
outstanding principal amount (or notional amount in the case of a Hedging Arrangement) individually
or in the aggregate that exceeds $75,000,000 (including any interest or premium thereon), when due
(whether at scheduled maturity, upon required prepayment, acceleration, demand or otherwise) and
such failure shall continue after the applicable grace period, if any, specified in the agreement
or instrument relating to such Debt or Hedging Arrangement, or (ii) fail to perform or observe any
term, covenant or condition on its part to be performed or observed under any agreement or
instrument relating to any such Debt (but not including Hedging Arrangements) when required to be
performed or observed, and such failure shall continue after the applicable grace period, if any,
specified in such agreement or instrument, if the effect of such failure to perform or observe is
to accelerate, or to permit the acceleration of, the maturity of such Debt; or any such Debt that
aggregates to more than
$75,000,000 shall be declared to be due and payable, or required to be prepaid (other than by
a regularly scheduled required prepayment and other than as a consequence of the sale, pledge or
other disposition by any Borrower of Margin Stock), prior to the stated maturity thereof; or

     (f) Insolvency Proceedings, Etc. (i) Any Borrower or any Material Subsidiary 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

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bankrupt or insolvent, or seeking relief with respect to it or its debts, or (B) seeking
appointment of a receiver, trustee, custodian or other similar official for it or for all or any
substantial part of its assets, or any Borrower or any Material Subsidiary shall make a general
assignment for the benefit of its creditors; or (ii) there shall be commenced against any Borrower
or any Material Subsidiary 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 in excess of 60 days;
or (iii) there shall be commenced against any Borrower or any Material Subsidiary 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) any Borrower or any Material
Subsidiary shall take any action in furtherance of, or indicating its consent to, approval of, or
acquiescence in, any of the acts set forth in clauses (i), (ii), or (iii) above; or (v) any
Borrower or any Material Subsidiary shall generally not, or shall be unable to, or shall admit in
writing its inability to, pay its debts as they become due; or

     (g) Judgments. A final judgment or order known to any Borrower for the payment of
money in excess of $75,000,000, or its equivalent in another applicable currency (exclusive of the
amount thereof covered by insurance, provided that the insurance carrier has acknowledged
coverage), or any other final non-monetary judgment otherwise having a Material Adverse Effect,
shall be rendered against any Borrower or any Restricted Subsidiary and not paid and either (i)
enforcement proceedings shall have been commenced upon such judgment or order and such proceedings
are not being contested in good faith or (ii) a stay of enforcement of such judgment or order or
similar relief, by reason of a pending appeal or otherwise, shall not be in effect with respect to
such judgment or order for any period of 30 consecutive days; provided that the
circumstances described in clause (i) or (ii) above, as to such a judgment or order which is
rendered by any foreign Governmental Authority in an amount not exceeding the Dollar Equivalent of
$100,000,000 and which has not been confirmed in any way by any Governmental Authority in the
United States shall not give rise to any Event of Default under this subsection (g) if the Lenders
shall have been furnished (promptly after any Borrower shall have knowledge of the commencement of
any such proceedings or any such 30 day period and promptly upon obtaining knowledge of any
material change in such circumstances) with a copy (certified by a Responsible Officer of the
Company) of a resolution adopted by the board of directors or a committee of the board of directors
of the Company to the effect that, having considered the advice of counsel, it has been determined
to be in the best interests of the Company to permit such circumstances to exist and directing the
appropriate officers of the Company to notify the Lenders of all material developments relating to
such judgment or order (including any significant modification of such determination); or

     (h) ERISA. (i) Any Person shall engage in any “prohibited transaction” (as defined in
Section 406 of ERISA or Section 4975 of the Code) involving any Single Employer Plan for which a
statutory or class exemption is not available or a private exemption therefore has not previously
been obtained, (ii) any failure to satisfy the “minimum funding standard” (as defined in Section
302 of ERISA) with respect to any Single Employer Plan, whether or not any funding deficiency
related thereto is waived, (iii) a Reportable Event shall occur with respect to any Single Employer
Plan, or proceedings shall commence to have any Single Employer Plan

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terminated or to have a
trustee appointed, or a trustee shall be appointed, to administer any Single Employer Plan, which
Reportable Event or commencement of proceedings or appointment of a trustee is, in the reasonable
opinion of the Administrative Agent, likely to result in the termination of such Plan for purposes
of Title IV of ERISA, (iv) any Single Employer Plan shall terminate in a “distress termination” (as
defined in Section 4041(c) of ERISA), (v) the Company or any Commonly Controlled Entity shall, or
in the reasonable opinion of the Administrative Agent is likely to, incur any liability in
connection with a withdrawal from, or the Insolvency or Reorganization of, a Multiemployer Plan or
(vi) any other event or condition shall occur or exist, with respect to a Plan; and in each case in
clauses (i) through (vi) above, such event or condition, together with all other such events or
conditions, if any, could reasonably be expected to subject the Company or any of its Restricted
Subsidiaries to any tax, penalty or other liabilities in the aggregate in excess of $75,000,000; or

     (i) Invalidity of Loan Documents. Any provision of the Credit Agreement or any
material provision of any other Loan Document, at any time after its execution and delivery and for
any reason other than the agreement of all the Lenders or satisfaction in full of all the
Obligations, ceases to be in full force and effect, or is declared by a court of competent
jurisdiction to be null and void, invalid or unenforceable in any respect; or any Borrower denies
that it has any or further liability or obligation under any Loan Document, or purports to revoke,
terminate or rescind any Loan Document; or

     (j) Change of Control. There occurs any Change of Control of the Company;

then, and in every such event (other than an event with respect to any Borrower or any
Material Subsidiary described in subsection (f) above), and at any time thereafter during the
continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall,
by notice to the Company, take any of the following actions, at the same or different times: (i)
declare the commitment of each Lender to make Loans and any obligation of the L/C Issuers to make
L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be
terminated; (ii) declare the unpaid principal amount of all outstanding Loans, all interest accrued
and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan
Document to be immediately due and payable, without presentment, demand, protest or other notice of
any kind, all of which are hereby expressly waived by the Borrowers; (iii) require that the
Borrowers Cash Collateralize the L/C Exposure (in an amount equal to the then Outstanding Amount
thereof); and (iv) exercise on behalf of itself and the Lenders all rights and remedies available
to it and the Lenders under the Loan Documents or applicable law; provided,
however, that upon the occurrence of any event specified in subsection (f) above with
respect to any Borrower or any Material Subsidiary, the obligation of each Lender to make Loans and
any obligation of the L/C Issuers to make L/C Credit Extensions shall automatically terminate, the
unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid
shall automatically become due and payable, and the obligation of the Borrowers to Cash
Collateralize the L/C Exposure as aforesaid shall automatically become effective, in each case
without further act of the Administrative Agent or any Lender.

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ARTICLE IX.

ADMINISTRATIVE AGENT

     9.01 Appointment and Authorization of Administrative Agent.

     (a) Each Lender hereby irrevocably (subject to Section 9.09) appoints, designates and
authorizes the Administrative Agent to take such action on its behalf under the provisions of this
Agreement and each other Loan Document and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Agreement or any other Loan Document, together with
such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary
contained elsewhere herein or in any other Loan Document, the Administrative Agent shall not have
any duties or responsibilities, except those expressly set forth herein, nor shall the
Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or
participant, 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. Without limiting the generality of the foregoing sentence, the use of
the term “agent” herein and in the other Loan Documents with reference to the
Administrative Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable law. Instead, such term is used merely
as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting parties.

     (b) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit
issued by it and the documents associated therewith until such time (and except for so long) as the
Administrative Agent may agree at the request of the Required Lenders to act for the L/C Issuers
with respect thereto; provided, however, that each L/C Issuer shall have all of the
benefits and immunities (i) provided to the Administrative Agent in this Article IX with
respect to any acts taken or omissions suffered by any L/C Issuer in connection with Letters of
Credit issued by it or proposed to be issued by it and the application and agreements for letters
of credit pertaining to the Letters of Credit as fully as if the term “Administrative
Agent” as used in this Article IX included such L/C Issuer with respect to such acts or
omissions, and (ii) as additionally provided herein with respect to such L/C Issuer.

     9.02 Delegation of Duties. The Administrative Agent may execute any of its duties under this
Agreement or any other Loan Document by or through agents, employees or attorneys-in-fact and shall
be entitled to advice of counsel and other consultants or experts concerning all matters pertaining
to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct
of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful
misconduct.

     9.03 Liability of Administrative Agent. No Agent-Related Person shall (a) be liable for any
action taken or omitted to be taken by any of them under or in connection with this Agreement or
any other Loan Document or the transactions contemplated hereby (except for its own gross
negligence or willful misconduct in connection with its duties expressly set forth herein), or (b)
be responsible in any manner to any Lender or participant for any recital, statement,
representation or warranty made by any Borrower or any officer thereof, contained herein or in any
other Loan Document, or in any certificate, report, statement or other document

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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 the validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement or any other Loan Document, or for any failure of any Borrower or
any other party to any Loan Document to perform its obligations hereunder or thereunder. No
Agent-Related Person shall be under any obligation to any Lender or participant 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
any Borrower or any of its Affiliates.

     9.04 Reliance by Administrative Agent.

     (a) The Administrative Agent shall be entitled to rely, and shall be fully protected in
relying, upon any writing, communication, signature, resolution, representation, notice, consent,
certificate, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other
document or conversation (including any electronic message, posting or other distribution) believed
by it to be genuine and correct and to have been signed, sent or made by the proper Person or
Persons, and upon advice and statements of legal counsel (including counsel to the Borrowers),
independent accountants and other experts selected by the Administrative Agent. The Administrative
Agent shall be fully justified in failing or refusing to take any action under any Loan Document
unless it shall first receive such advice or concurrence of the Required Lenders or all the Lenders
if applicable and, if it so requests, it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense which may be incurred by it by reason of taking
or continuing to take any such action. The Administrative Agent shall in all cases be fully
protected in acting, or in refraining from acting, under this Agreement or any other Loan Document
in accordance with a request or consent of the Required Lenders or all the Lenders, if required
hereunder, and such request and any action taken or failure to act pursuant thereto shall be
binding upon all the Lenders and participants. Where this Agreement expressly permits or prohibits
an action unless the Required Lenders or all the Lenders if applicable otherwise determine, the
Administrative Agent shall, and in all other instances, the Administrative Agent may, but shall not
be required to, initiate any solicitation for the consent or a vote of the Lenders.

     (b) For purposes of determining compliance with the conditions specified in Section
4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved
or accepted or to be satisfied with, each document or other matter either sent by the
Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender.

     9.05 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, except with respect to defaults in the
payment of principal, interest and fees required to be paid to the Administrative Agent for the
account of the Lenders, unless the Administrative Agent shall have received written 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”. The Administrative Agent will notify
the Lenders of its receipt of any such notice. The Administrative Agent shall take such action
with respect to such Default or Event of Default as may be directed by the Required Lenders in
accordance with Article VIII; provided, however,

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that unless and until the
Administrative Agent has received any such direction, 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 or in the best interest of the Lenders.

     9.06 Credit Decision; Disclosure of Information by Administrative Agent. Each Lender
acknowledges that neither any L/C Issuer nor any Agent-Related Person has made any representation
or warranty to it, and that no act by the Administrative Agent hereinafter taken, including any
consent to and acceptance of any assignment or review of the affairs of any Borrower or any of its
Affiliates, shall be deemed to constitute any representation or warranty by any Agent-Related
Person to any Lender as to any matter, including whether Agent-Related Persons have disclosed
material information in their possession. Each Lender represents to the Administrative Agent that
it has, independently and without reliance upon any Agent-Related Person and based on such
documents and information as it has deemed appropriate, made its own appraisal of and investigation
into the business, prospects, operations, property, financial and other condition and
creditworthiness of the Borrowers and their respective Subsidiaries, and all applicable bank or
other regulatory Laws relating to the transactions contemplated hereby, and made its own decision
to enter into this Agreement and to extend credit to the Borrowers hereunder. Each Lender also
represents that it will, independently and without reliance upon any Agent-Related Person 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 investigations as it deems necessary to inform
itself as to the business, prospects, operations, property, financial and other condition and
creditworthiness of the Borrowers. Except for notices, reports and other documents expressly
required to be furnished to the Lenders by the Administrative Agent herein, neither any L/C Issuer
nor the Administrative Agent shall have any duty or responsibility to provide any Lender with any
credit or other information concerning the business, prospects, operations, property, financial and
other condition or creditworthiness of any Borrower or any of its respective Affiliates which may
come into the possession of any Agent-Related Person.

     9.07 Indemnification of Administrative Agent. Whether or not the transactions contemplated
hereby are consummated, the Lenders shall indemnify upon demand the Administrative Agent in its
capacity as such and each Agent-Related Person while acting for or on behalf of the Administrative
Agent in such capacity (to the extent not reimbursed by or on behalf of the Borrowers and without
limiting the obligation of the Borrowers to do so), pro rata based on the
applicable Pro Rata Shares (at the time the claim was asserted), and hold harmless the
Administrative Agent in its capacity as such and each Agent-Related Person while acting for or on
behalf of the Administrative Agent in such capacity from and against any and all Indemnified
Liabilities incurred by it; provided, however, that no Lender shall be liable for
the payment to the Administrative Agent or any Agent-Related Person of any portion of such
Indemnified Liabilities resulting from such Person’s gross negligence or willful misconduct;
provided, further, however, that no action taken in accordance with the
directions of the Required Lenders or all the Lenders if applicable shall be deemed to constitute
gross negligence or willful misconduct for purposes of this Section. Without limitation of the
foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share
of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative
Agent in

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connection with the preparation, execution, delivery, administration, modification,
amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or
legal advice in respect of rights or responsibilities under, this Agreement, any other Loan
Document, or any document contemplated by or referred to herein, to the extent that the
Administrative Agent is not reimbursed for such expenses by or on behalf of the Borrowers. The
undertaking in this Section shall survive termination of the Commitments, the payment of all
Obligations hereunder and the resignation or replacement of the Administrative Agent.

     9.08 Administrative Agent in its Individual Capacity. SunTrust Bank and its Affiliates may
make loans to, issue letters of credit for the account of, accept deposits from, acquire equity
interests in and generally engage in any kind of banking, trust, financial advisory, underwriting
or other business with the Borrowers and their respective Affiliates as though SunTrust Bank were
not the Administrative Agent or an L/C Issuer hereunder and without notice to or consent of the
Lenders. The Lenders acknowledge that, pursuant to such activities, SunTrust Bank or its
Affiliates may receive information regarding the Borrowers or their Affiliates (including
information that may be subject to confidentiality obligations in favor of the Borrowers or any
such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation to
provide such information to them. With respect to its Loans, SunTrust Bank shall have the same
rights and powers under this Agreement as any other Lender and may exercise such rights and powers
as though it were not the Administrative Agent or an L/C Issuer, and the terms “Lender” and
“Lenders” include SunTrust Bank in its individual capacity.

     9.09 Successor Administrative Agent. The Administrative Agent may resign as Administrative
Agent upon 30 days’ notice to the Lenders. If the Administrative Agent resigns under this
Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative
agent for the Lenders, the appointment of which successor administrative agent shall be subject to
the consent of the Company at all times other than during the existence of an Event of Default
(which consent of the Company shall not be unreasonably withheld or delayed). If no successor
administrative agent is appointed prior to the effective date of the resignation of the
Administrative Agent, the Administrative Agent may appoint, after consulting with the Lenders and
the Company, a successor administrative agent from among the Lenders. Upon the acceptance of its
appointment as successor administrative agent hereunder, such successor administrative agent shall
succeed to all the rights, powers and duties of the retiring Administrative Agent and the term
“Administrative Agent” shall mean such successor administrative agent and the retiring
Administrative Agent’s appointment, powers and duties as Administrative Agent shall be
terminated. After any retiring Administrative Agent’s resignation hereunder as Administrative
Agent, the provisions of this Article IX and Sections 10.03 and 10.13 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. If no successor administrative agent has accepted
appointment as Administrative Agent by the date which is 30 days following a retiring
Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall
nevertheless thereupon become effective and the Required Lenders shall perform all of the duties of
the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a
successor agent as provided for above.

     9.10 Other Agents; Lead Managers. None of the Lenders identified on the facing page or
signature pages of this Agreement as a “Book Manager”, “Lead Arranger”, “Syndication

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Agent” or “Co-Documentation Agent” shall have any right, power, obligation, liability,
responsibility or duty under this Agreement other than those applicable to all Lenders as such.
Without limiting the foregoing, none of the Lenders so identified shall have or be deemed to have
any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and
will not rely, on the Administrative Agent, the L/C Issuers or any of the Lenders so identified in
deciding to enter into this Agreement or in taking or not taking action hereunder.

     9.11 Withholding Tax. To the extent required by any applicable Law, the Administrative Agent
may withhold from any interest payment to any Lender an amount equivalent to any applicable
withholding tax. If the Internal Revenue Service or any authority of the United States or other
jurisdiction asserts a claim that the Administrative Agent did not properly withhold tax from
amounts paid to or for the account of any Lender (because the appropriate form was not delivered,
was not properly executed, or because such Lender failed to notify the Administrative Agent of a
change in circumstances that rendered the exemption from, or reduction of, withholding tax
ineffective, or for any other reason), such Lender shall indemnify the Administrative Agent (to the
extent that the Administrative Agent has not already been reimbursed by the Borrowers and without
limiting the obligation of the Borrowers to do so) fully for all amounts paid, directly or
indirectly, by the Administrative Agent as tax or otherwise, including penalties and interest,
together with all expenses incurred, including legal expenses, allocated staff costs and any out of
pocket expenses.

     9.12 Administrative Agent May File Proofs of Claim.

     (a) In case of the pendency of any receivership, insolvency, liquidation, bankruptcy,
reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any
Borrower, the Administrative Agent (irrespective of whether the principal of any Loan or any
Outstanding Amount shall then be due and payable as herein expressed or by declaration or otherwise
and irrespective of whether the Administrative Agent shall have made any demand on the Borrowers)
shall be entitled and empowered, by intervention in such proceeding or otherwise:

(i) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans or Outstanding Amounts and all other Obligations that are
owing and unpaid and to file such other documents as may be necessary or advisable in order
to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including
any claim for the reasonable compensation, expenses, disbursements and advances of the
Lenders, the L/C Issuers and the Administrative Agent and its agents and counsel and all
other amounts due the Lenders, the L/C Issuers and the Administrative Agent under
Section 10.04) allowed in such judicial proceeding; and

(ii) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same.

     (b) Any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender and each
L/C Issuer to make such payments to the Administrative Agent and, if the Administrative Agent
shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay

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to
the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of the Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Section 10.04 and Section 10.05.

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

ARTICLE X.

MISCELLANEOUS

     10.01 Amendments, Etc. No amendment or waiver of any provision of this Agreement or any other
Loan Document, and no consent to any departure by any Borrower therefrom, shall be effective unless
in writing signed by the Required Lenders and the Company, and each such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given;
provided, however, that no such amendment, waiver or consent shall, unless in
writing and signed by each of the Lenders directly affected thereby and by the Company, do any of
the following:

     (a) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Article VIII);

     (b) postpone any date fixed by this Agreement or any other Loan Document for any payment or
mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of
them) hereunder or under any other Loan Document;

     (c) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C
Borrowing, or (subject to clause (iii) of the proviso below) any fees or other amounts payable
hereunder or under any other Loan Document; provided, however, that only the
consent of the Required Lenders and the Company shall be necessary to amend the definition of
“Default Rate” or to waive any obligation of the Borrowers to pay interest at the Default
Rate;

     (d) change the percentage of the Aggregate Commitments or of the aggregate unpaid principal
amount of the Loans and L/C Exposure which is required for the Lenders or any of them to take any
action hereunder;

     (e) change the Pro Rata Share or Voting Percentage of any Lender (except for any such change
resulting from Section 2.15, Section 3.06(b) or Section 10.15) or a
Lender’s right to receive its Pro Rata Share of payments or proceeds under Sections 2.11
and 2.12;

     (f) amend this Section, or Section 2.12, or any provision herein providing for consent
or other action by all the Lenders; or

     (g) release the Company from its obligations under Article XI;

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and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by an L/C Issuer in addition to the Required Lenders or all the Lenders, as the
case may be, affect the rights or duties of an L/C Issuer under this Agreement or any Letter of
Credit Application relating to any Letter of Credit issued or to be issued by it; (ii) no
amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in
addition to the Required Lenders or all the Lenders, as the case may be, affect the rights or
duties of the Administrative Agent under this Agreement or any other Loan Document; (iii) no
amendment, waiver or consent shall, unless in writing and signed by the Swingline Lender in
addition to the Required Lenders or all the Lenders, as the case may be, affect the rights or
duties of the Swingline Lender under this Agreement or any Swingline Loan made or to be made by it;
and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing
executed only by the respective parties thereto. Notwithstanding anything to the contrary herein,
any Lender that has failed to fund any portion of the Loans or participations in L/C Exposure
required to be funded by it hereunder shall not have any right to approve or disapprove any
amendment, waiver or consent hereunder, except that the Pro Rata Share of such Lender may not be
increased (except for any such increase resulting from Section 3.06(b)) without the consent
of such Lender.

     10.02 Notices and Other Communications; Facsimile Copies; General. Unless otherwise expressly
provided herein, all notices, requests, demands, consents and other communications provided for
hereunder shall be in writing (including by facsimile transmission) and mailed, faxed or delivered,
to the address, facsimile number or (subject to subsection (c) below) electronic mail address
specified for notices on Schedule 10.02; or, in the case of any Borrower, the
Administrative Agent or any L/C Issuer, to such other address as shall be designated by such party
in a notice to the other parties, and in the case of any other party, to such other address as
shall be designated by such party in a notice to the Company, the Administrative Agent and the L/C
Issuers. All such notices and other communications shall be deemed to be given or made upon the
earlier to occur of (i) actual receipt by the intended recipient and (ii) (A) if delivered by hand
or by courier, when signed for by the intended recipient; (B) if delivered by mail, four Business
Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when sent and
receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of
delivery is subject to the provisions of subsection (c) below), when delivered; provided,
however, that notices and other communications to the Administrative Agent and the L/C
Issuers pursuant to Article II shall not be effective until actually received by such
Person. Any notice or other communication permitted to be given, made or confirmed by telephone
hereunder shall be given, made or confirmed by means of a telephone call to the intended recipient
at the number specified on Schedule 10.02, it being understood and agreed that a voicemail
message shall in no event be effective as a notice, communication or confirmation hereunder.

     (a) Effectiveness of Facsimile/PDF Documents and Signatures. The Loan Documents may
be transmitted and/or signed by facsimile or by electronic mail in pdf form. The effectiveness of
any such documents and signatures shall, subject to applicable Law, have the same force and effect
as manually-signed originals and shall be binding on the Borrowers, the
Administrative Agent, the L/C Issuers and the Lenders. The Administrative Agent may also
require that any such documents and signatures be confirmed by a manually-signed original

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thereof;
provided, however, that the failure to request or deliver the same shall not limit
the effectiveness of any facsimile document or signature.

     (b) Reliance by Administrative Agent and Lenders. The Administrative Agent, the L/C
Issuers and the Lenders shall be entitled to rely and act upon any notices (including telephonic
Revolving Loan Notices) purportedly given by or on behalf of the Borrowers even if (i) such notices
were not made in a manner specified herein, were incomplete or were not preceded or followed by any
other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient,
varied from any confirmation thereof. The Borrowers shall indemnify each Agent-Related Person and
each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such
Person on each notice purportedly given by or on behalf of the Borrowers. All telephonic notices
to and other communications with the Administrative Agent may be recorded by the Administrative
Agent, and each of the parties hereto hereby consents to such recording.

     (c) Electronic Communications. Notices and other communications to the Lenders and the
L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail
and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender or any L/C Issuer
pursuant to Article II unless such Lender, L/C Issuer, as applicable, and the
Administrative Agent have agreed to receive notices under such Article by electronic communication
and have agreed to the procedures governing such communications. 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.

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

     10.04 Attorney Costs, Expenses and Taxes. The Borrowers agree (a) to pay or reimburse the
Administrative Agent for all reasonable out-of-pocket costs and expenses incurred in connection
with the development, preparation, negotiation and execution of this Agreement

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and the other Loan
Documents and any amendment, waiver, consent or other modification of the provisions hereof and
thereof (whether or not the transactions contemplated hereby or thereby are consummated), and the
consummation and administration of the transactions contemplated hereby and thereby, including all
Attorney Costs incurred by the Administrative Agent, and (b) to pay or reimburse the Administrative
Agent and each Lender for all out-of-pocket costs and expenses incurred in connection with the
enforcement, attempted enforcement, or preservation of any rights or remedies under this Agreement
or the other Loan Documents (including all such non-duplicative costs and expenses incurred during
any “workout” or restructuring in respect of the Obligations and during any legal proceeding,
including any proceeding under any Debtor Relief Law), including all Attorney Costs. The foregoing
costs and expenses shall include all search, filing, recording, title insurance and appraisal
charges and fees and taxes related thereto, and other out-of-pocket expenses incurred by the
Administrative Agent and the cost of independent public accountants and other outside experts
retained by the Administrative Agent or any Lender. The Borrowers shall not be required to pay the
fees and expenses of more than one counsel for the Administrative Agent or any Lender under clause
(b) of this section unless the employment of separate counsel has been authorized by the Company
(such authorization not to be unreasonably withheld or delayed). The agreements in this
Section 10.04 shall survive the termination of the Commitments and repayment of all other
Obligations.

     10.05 Indemnification by the Borrowers.

     (a) Whether or not the transactions contemplated hereby are consummated, the Borrowers agree
to indemnify, save and hold harmless each Agent-Related Person, each Lender and their respective
Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the
“Indemnitees”) from and against: (a) any and all claims, demands, actions or causes of
action that are asserted against any Indemnitee by any Person (other than the Administrative Agent
or any Lender) relating directly or indirectly to a claim, demand, action or cause of action that
such Person asserts or may assert against the Borrowers, any of their Affiliates or any of their
respective officers or directors; (b) any and all claims, demands, actions or causes of action that
may at any time (including at any time following repayment of the Obligations and the resignation
or removal of the Administrative Agent or the replacement of any Lender) be asserted or imposed by
the Borrowers, any of their Affiliates or any other Person against any Indemnitee, arising out of
or relating to, the Loan Documents, the Commitments or the use or contemplated use of the proceeds
of any Credit Extension; (c) any administrative or investigative proceeding by any Governmental
Authority arising out of or related to a claim, demand, action or cause of action described in
subsection (a) or (b) above; (d) any and all liabilities (including liabilities under indemnities),
losses, costs or expenses (including Attorney Costs) that any Indemnitee suffers or incurs as a
result of the assertion of any foregoing claim, demand, action, cause of action or proceeding, or
as a result of the preparation of any defense in connection with any foregoing claim, demand,
action, cause of action or proceeding, in all cases, whether or not arising out of the negligence
of an Indemnitee, and whether or not an Indemnitee is a party to such claim, demand, action, cause
of action or proceeding; and (e) any civil penalty or fine assessed by OFAC against, and all reasonable costs and expenses (including counsel
fees and disbursements) incurred in connection with defense thereof, by the Administrative Agent or
any Lender as a result of conduct of any Borrower that violates a sanction enforced by OFAC (all
the foregoing, collectively, the “Indemnified Liabilities”); provided that no
Indemnitee shall be entitled to indemnification from the Borrowers (i) for any claim caused by its
own gross

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negligence, bad faith or willful misconduct, or that of any of its Affiliates, officers,
employees, advisors, or agents, as determined by a court of competent jurisdiction by final
nonappealable judgment, (ii) for any loss or Indemnified Liabilities asserted against it by another
Indemnitee, or (iii) for any claim brought by any Borrower or any of its Subsidiaries against any
Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other
Loan Document, as determined by a court of competent jurisdiction by final nonappealable judgment.
The agreements in this Section 10.05 shall survive the termination of the Commitments and
repayment of all other Obligations. In no case shall the Borrowers be required to indemnify an
Indemnitee in respect of any indirect or special or consequential damages, except to the extent any
such damages are paid or payable by an Indemnitee.

     (b) The Administrative Agent and each Lender agree that if any investigation, litigation,
suit, action, or proceeding is asserted or threatened in writing or instituted against it or any
other Indemnitee, or any remedial, removal or response action is requested of it or any other
Indemnitee for which the Administrative Agent or any Lender may desire indemnity or defense
hereunder, the Administrative Agent or such Lender shall, to the extent permitted or practicable,
promptly notify the Company thereof in writing; provided that any failure on the part of
the Administrative Agent or any Lender to provide such notice shall not be deemed a waiver of the
rights of the Administrative Agent or any such Lender to seek indemnity from the Borrowers in
respect of any such investigation, litigation, suit, proceeding or action. The Borrowers shall not
be required to pay the fees and expenses of more than one counsel for the Indemnitees in respect of
any single action, suit or proceeding unless the employment of separate counsel has been authorized
by the Company (such authorization not to be unreasonably withheld or delayed, provided
that such authorization shall be deemed to have been given during the existence of a Default or
Event of Default), or unless any Indemnitee is advised by its counsel that there may be defenses
available to it which are not available to the other Indemnitees or that there is a reasonable
likelihood of a conflict between its interests and those of the other Indemnitees.

     10.06 Payments Set Aside. To the extent that a Borrower makes a payment to the Administrative
Agent or any Lender, or the Administrative Agent or any Lender exercises its right of set-off, and
such payment or the proceeds of such set-off or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any
settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid
to a trustee, receiver or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full force and effect as if
such payment had not been made or such set-off had not occurred, and (b) each Lender severally
agrees to pay to the Administrative Agent upon demand its applicable share of any amount so
recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from
time to time in effect.

     10.07 Successors and Assigns.

     (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that no
Borrower may assign or otherwise transfer any of its rights or obligations hereunder without the

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prior written consent of each Lender (and any attempted assignment or transfer by any Borrower
without such consent 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 and, to the extent expressly contemplated hereby, the
Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement.

     (b) Any Lender may assign to one or more Eligible Assignees all or a portion of its rights and
obligations under this Agreement (including all or a portion of its Commitment and the Loans
(including for purposes of this subsection (b), participations in L/C Exposure or Swingline Loans
at the time owing to it); provided that (i) except in the case of an assignment of the
entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing to it
or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with
respect to a Lender, the aggregate amount of the Commitment (which for this purpose includes Loans
outstanding thereunder) of the assigning Lender subject to each such assignment, determined as of
the date the Assignment and Acceptance with respect to such assignment is delivered to the
Administrative Agent, shall not be less than $5,000,000 in the case of any assignment of a
Commitment unless each of the Administrative Agent and, so long as no Event of Default has occurred
and is continuing, the Company otherwise consents (each such consent not to be unreasonably
withheld or delayed), (ii) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Lender’s rights and obligations under this Agreement with
respect to the Loans or the Commitment assigned, and (iii) the parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a
processing and recordation fee of $3,500. Subject to acceptance and recording thereof by the
Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date
specified in each Assignment and Acceptance, the Eligible Assignee thereunder shall be a party
hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the
rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall,
to the extent of the interest assigned by such Assignment and Acceptance, be released from its
obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a
party hereto but shall continue to be entitled to the benefits of Sections 3.01,
10.04 and 10.05). Any assignment or transfer by a Lender of rights or obligations
under this Agreement that does not comply with this subsection (b) of this Section shall be treated
for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with subsection (d) of this Section. Upon its receipt of a duly executed
Assignment and Acceptance, the Administrative Agent shall notify the Company and the Lenders of the
effective date thereof.

     (c) The Administrative Agent, acting solely for this purpose as an agent of the Company, shall
maintain at the Administrative Agent’s Office a copy of each Assignment and Acceptance delivered to
it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amount of the Loans and L/C Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The
entries in the Register shall be conclusive, and the Borrowers, the Administrative Agent and the
Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof
as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.

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The Register shall be available for inspection by the Borrowers and any Lender, at any reasonable
time and from time to time upon reasonable prior notice.

     (d) Any Lender may, without the consent of, or notice to, any Borrower or the Administrative
Agent, sell participations to one or more banks or other entities that are in the business of
making and/or investing in commercial loans (a “Participant”) in all or a portion of such
Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment
and the Loans (including such Lender’s participations in L/C Exposure owing to it);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (iii) the Borrowers, the Administrative Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells
such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without
the consent of the Participant, agree to any amendment, waiver or other modification that would
(i) postpone any date upon which any payment of money is scheduled to be paid to such Participant
or (ii) reduce the principal, interest, fees or other amounts payable to such Participant. Subject
to subsection (e) of this Section, the Borrowers agree that each Participant shall be entitled to
the benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this
Section. To the extent permitted by law, each Participant also shall be entitled to the benefits
of Section 10.09 as though it were a Lender, provided such Participant agrees to be
subject to Section 2.12 as though it were a Lender.

     (e) A Participant shall not be entitled to receive any greater payment under this Agreement
than the Lenders would have been entitled to receive under similar circumstances, unless the sale
of the participation to such Participant is made with the Company’s prior written consent. A
Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the
benefits of Section 3.01 unless the Company is notified of the participation sold to such
Participant and such Participant agrees, for the benefit of the Borrowers, to comply with
Sections 3.01(e) and 3.09 as though it were a Lender.

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

     (g) If the consent of the Company to an assignment or to an Eligible Assignee is required
hereunder (including a consent to an assignment which does not meet the minimum assignment
threshold specified in clause (i) of the proviso to the first sentence of Section 10.07(b)), the Company shall be deemed to have given its consent ten Business
Days after the date notice thereof has been delivered by the assigning Lender to the Company
(through the Administrative Agent) unless such consent is expressly refused by the Company prior to
such tenth Business Day.

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     (h) As used herein, the following terms have the following meanings:

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an
Approved Fund; and (d) any other Person (other than a natural Person) approved by the
Administrative Agent, in the case of any assignment of a Revolving Loan, the L/C Issuers,
and, unless (x) such Person is taking delivery of an assignment in connection with physical
settlement of a credit derivatives transaction or (y) an Event of Default has occurred and
is continuing, the Company (each such approval not to be unreasonably withheld or delayed),
provided, however, that none of the Company, any Subsidiary of the Company,
or any Affiliate of the Company or any Subsidiary of the Company shall be an Eligible
Assignee.

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

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

     (i) Notwithstanding anything to the contrary contained herein, if at any time SunTrust Bank
assigns all of its Commitment and Loans pursuant to subsection (b) above, SunTrust Bank may, upon
30 days’ notice to the Company and the Lenders, resign as L/C Issuer and Swingline Lender. In the
event of any such resignation as L/C Issuer or Swingline Lender, the Company shall be entitled to
appoint from among the Lenders a successor L/C Issuer and Swingline Lender hereunder;
provided, however, that no failure by the Company to appoint any such successor
shall affect the resignation of SunTrust Bank as L/C Issuer and Swingline Lender. SunTrust Bank
shall retain all the rights and obligations of an L/C Issuer hereunder with respect to all Letters
of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C
Exposure with respect thereto (including the right to require the Lenders to make Base Rate Loans
or fund participations in Unreimbursed Amounts pursuant to Section 2.03(c)).

     10.08 Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain
the confidentiality of the Information (as defined below), except that Information may be disclosed
(a) to its and its Affiliates’ directors, officers, employees and agents, including accountants,
legal counsel and other advisors (it being understood that the Persons to whom such disclosure is
made will be informed of the confidential nature of such Information and instructed to keep such
Information confidential); (b) to the extent requested by any regulatory authority; (c) to the
extent required by applicable Laws or regulations or by any subpoena or similar legal process; (d)
to any other party to this Agreement; (e) as is required in the good faith view of the
Administrative Agent or the Lenders, in connection with the exercise of any remedies hereunder or
any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder; (f) subject to an agreement
containing provisions substantially the same as those of this Section, to (i) any Eligible Assignee
of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights
or obligations under this Agreement or (ii) any direct or indirect contractual counterparty or
prospective counterparty (or such contractual counterparty’s or prospective counterparty’s
professional advisor) to any credit derivative

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transaction relating to obligations of the
Borrowers; (g) with the prior written consent of the Company; (h) to the extent such Information
(i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes
available to the Administrative Agent or any Lender on a nonconfidential basis from a source other
than the Company; or (i) to the National Association of Insurance Commissioners or any other
similar organization or any nationally recognized rating agency that requires access to information
about a Lender’s or its Affiliates’ investment portfolio in connection with ratings issued with
respect to such Lender or its Affiliates. For the purposes of this Section, “Information”
means all information received from the Company or its representatives relating to the Company, its
Subsidiaries or their business, other than any such information that is available to the
Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Company;
provided that, in the case of information received from the Company after the date hereof,
such information is clearly identified in writing at the time of delivery as confidential. Any
Person required to maintain the confidentiality of Information as provided in this Section shall be
considered to have complied with its obligation to do so if such Person has exercised the same
degree of care to maintain the confidentiality of such Information as such Person would accord to
its own confidential information. Notwithstanding anything herein to the contrary, any party to
this Agreement (and any employee, representative, or other agent of any party to this Agreement)
may disclose to any and all Persons, without limitation of any kind, the tax treatment and tax
structure of the transactions contemplated by this Agreement and all materials of any kind
(including opinions or other tax analyses) that are provided to it relating to such tax treatment
and tax structure; provided, however, that no party hereto (nor any employee,
representative or other agent of any party) may disclose any other information that is not relevant
to understanding the tax treatment and tax structure of the transactions contemplated by this
Agreement or any other information to the extent that such disclosure would result in a violation
of any federal or state securities laws; and provided, further, that, any such
information relating to the tax treatment or tax structure is required to be kept confidential to
the extent necessary to comply with any applicable federal or state securities laws.

     10.09 Set-off. In addition to any rights and remedies of the Lenders provided by law, upon
the occurrence and during the continuance of any Event of Default, each Lender and its Affiliates
is authorized at any time and from time to time, without prior notice to the Company, any such
notice being waived by the Company to the fullest extent permitted by law, to set off and apply any
and all deposits (general or special, time or demand, provisional or final, but excluding payroll
deposits and deposits held in a bona fide custodial or fiduciary capacity for Persons not
Affiliates of the Company) at any time held by, and other indebtedness at any time owing by, such
Lender to or for the credit or the account of the Company against any and all Obligations owing to
such Lender, now or hereafter existing, irrespective of whether or not the Administrative Agent or
such Lender shall have made demand under this Agreement or any other Loan Document and although
such Obligations may be contingent or unmatured. Each Lender agrees promptly to notify the Company
and the Administrative Agent after any such set-off and application made by such Lender;
provided, however, that the failure to give such notice shall not affect the validity of such
set-off and application.

     10.10 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any
Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the
maximum rate of non-usurious interest permitted by applicable Law (the “Maximum

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Rate”). If
the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such
unpaid principal, refunded to the Company. In determining whether the interest contracted for,
charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person
may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal
as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the
effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the
total amount of interest throughout the contemplated term of the Obligations.

     10.11 Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same
instrument. Delivery of a counterpart signature page via facsimile or electronic transmission
(including by electronic mail in pdf form) shall be effective as delivery of a manually executed
counterpart hereof.

     10.12 Integration. This Agreement, together with the other Loan Documents, comprises the
complete and integrated agreement of the parties on the subject matter hereof and thereof and
supersedes all prior agreements, written or oral, on such subject matter. In the event of any
conflict between the provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control; provided that the inclusion of supplemental
rights or remedies in favor of the Administrative Agent or the Lenders in any other Loan Document
shall not be deemed a conflict with this Agreement. Each Loan Document was drafted with the joint
participation of the respective parties thereto and shall be construed neither against nor in favor
of any party, but rather in accordance with the fair meaning thereof.

     10.13 Survival of Representations and Warranties. All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or
in connection herewith or therewith shall survive the execution and delivery hereof and thereof.
Such representations and warranties have been or will be relied upon by the Administrative Agent
and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or
on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice
or knowledge of any Default or Event of Default at the time of any Credit Extension, and shall
continue in full force and effect as long as any Loan or any other Obligation shall remain unpaid
or unsatisfied or any Letter of Credit shall remain outstanding.

     10.14 Severability. Any provision of this Agreement and the other Loan Documents to which any
Borrower is a party that 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 thereof, and
any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

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     10.15 Removal and Replacement of Lenders.

     (a) Under any circumstances set forth herein providing that the Company shall have the right
to remove or replace a Lender as a party to this Agreement, the Company may, upon notice to such
Lender and the Administrative Agent, (i) remove such Lender by terminating such Lender’s Commitment
or (ii) replace such Lender by causing such Lender to assign its Commitment (without payment of any
assignment fee) pursuant to Section 10.07(b) to one or more other Lenders or Eligible
Assignees procured by the Company; provided, however, that if the Company elects to
exercise such right with respect to any Lender pursuant to Section 3.06(b), it shall be
obligated to remove or replace, as the case may be, all Lenders that have made similar requests for
compensation pursuant to Section 3.01, 3.04 or 3.07; provided,
further, however, that the Company may not elect to exercise such right with
respect to any Lender seeking payment or reimbursement for Taxes pursuant to Section 3.01
during the six months immediately following the designation by the Company of a Borrower not
organized in the United States to the extent that (i) such Taxes result from the designation by the
Company of a Borrower not organized in the United States, and (ii) such Lender uses its
commercially reasonable efforts to mitigate or eliminate such Taxes after such designation,
including without limitation making appropriate filings with Governmental Authorities in the
jurisdiction in which such Borrower is organized. The Company shall, or shall cause the applicable
Borrower to, (x) pay in full all principal, accrued interest, accrued fees and other amounts owing
to such Lender through the date of termination or assignment (including any amounts payable
pursuant to Section 3.05), (y) provide appropriate assurances and indemnities (which may
include letters of credit) to each L/C Issuer as it may reasonably require with respect to any
continuing obligation to purchase participation interests in any L/C Exposure then outstanding, and
(z) release such Lender from its obligations under the Loan Documents. Any Lender being replaced
shall execute and deliver an Assignment and Acceptance with respect to such Lender’s Commitment and
outstanding Credit Extensions. The Administrative Agent shall distribute an amended Schedule
2.01, which shall be deemed incorporated into this Agreement, to reflect changes in the
identities of the Lenders and adjustments of their respective Commitments and Pro Rata Shares
resulting from any such removal or replacement.

     (b) In order to make all the Lenders’ interests in any outstanding Credit Extensions ratable
in accordance with any revised Pro Rata Shares after giving effect to the removal or replacement of
a Lender, the Borrowers shall pay or prepay, if necessary, on the effective date thereof, all
outstanding Revolving Loans of all Lenders, together with any amounts due under Section 3.05. The
Borrowers may then request Revolving Loans from the Lenders in accordance with their revised Pro
Rata Shares. The Borrowers may net any payments required hereunder against any funds being
provided by any Lender or Eligible Assignee replacing a terminating Lender. The effect for
purposes of this Agreement shall be the same as if separate transfers of funds had been made with
respect thereto.

     (c) This Section shall supersede any provision in Section 10.01 to the contrary.

     10.16 Governing Law.

     (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK APPLICABLE TO

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AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE;
PROVIDED THAT THE ADMINISTRATIVE AGENT AND EACH PARTY SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL
LAW.

     (b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, CITY OF
NEW YORK, OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND
DELIVERY OF THIS AGREEMENT, THE BORROWERS, THE ADMINISTRATIVE AGENT AND EACH LENDER CONSENTS, FOR
ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE
BORROWERS, THE ADMINISTRATIVE AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW
OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF
ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO. THE BORROWERS, THE ADMINISTRATIVE AGENT AND
EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE
BY ANY OTHER MEANS PERMITTED BY THE LAW OF SUCH STATE (WHICH IF NOT MADE BY PERSONAL SERVICE SHALL
ALSO BE COPIED TO THE BORROWER AT ITS ADDRESS SET FORTH IN SCHEDULE 10.02.

     10.17 Waiver of Right to Trial by Jury. EACH PARTY TO THIS AGREEMENT HEREBY EXPRESSLY WAIVES
ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY LOAN
DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN
EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR
OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE
OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY
FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE
CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

     10.18 Waiver of Right to Consequential Damages. Except as specifically permitted pursuant to
Section 10.05, to the extent permitted by applicable Law, each party to this Agreement
shall not assert, and hereby waives, any claim against any other party hereto, on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to actual or direct damages)
arising out of, in connection with or as a result of, this Agreement or any agreement or instrument
contemplated hereby, the transactions contemplated therein, any Loan or any Letter of Credit or the
use of proceeds thereof.

     10.19 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL
AGREEMENT AMONG THE PARTIES AND

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MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE
PARTIES.

     10.20 Patriot Act Notice. The Administrative Agent and each Lender hereby notifies the
Borrowers that pursuant to the requirements of the Patriot Act, it is required to obtain, verify
and record information that identifies each Borrower, which information includes the name and
address of such Borrower and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify such Borrower in accordance with the Patriot Act. The Company
shall, and shall cause each of its Subsidiaries to, provide to the extent commercially reasonable,
such information and take such actions as are reasonably requested by the Administrative Agent or
any Lender in order to assist the Administrative Agent and the Lenders in maintaining compliance
with the Patriot Act.

     10.21 Location of Closing. Each Lender acknowledges and agrees that it has delivered, with
the intent to be bound, its executed counterparts of this Agreement to the Administrative Agent,
c/o King & Spalding LLP, 1185 Avenue of the Americas, New York, New York 10036. The Company
acknowledges and agrees that it has delivered, with the intent to be bound, its executed
counterparts of this Agreement and each other Loan Document, together with all other documents,
instruments, opinions, certificates and other items required under Section 4.01, to the
Administrative Agent, c/o King & Spalding LLP, 1185 Avenue of the Americas, New York, New York
10036. All parties agree that closing of the transactions contemplated by this Agreement has
occurred in New York.

     10.22 Currency Conversion. All payments under this Agreement or any other Loan Document shall
be made in Dollars, except for Loans funded in any Foreign Currency, which shall be repaid,
including interest thereon, in such Foreign Currency. If any payment by the Borrowers or the
proceeds of any collateral shall be made in a currency other than the currency required hereunder,
such amount shall be converted into the currency required hereunder at the rate determined by the
Administrative Agent or the applicable L/C Issuer, as applicable, as the rate quoted by it in
accordance with methods customarily used by such Person for such or similar purposes as the spot
rate for the purchase by such Person of the required currency with the currency of actual payment
through its principal foreign exchange trading office (including, in the case of the Administrative
Agent, any Affiliate) at approximately 11:00 A.M. (local time at such office) two Business Days
prior to the effective date of such conversion, provided that the Administrative Agent or
the applicable L/C Issuer, as applicable, may obtain such spot rate from another financial
institution actively engaged in foreign currency exchange if the Administrative Agent or the applicable L/C Issuer,
as applicable, does not then have a spot rate for the required currency. The parties hereto hereby
agree, to the fullest extent that they may effectively do so under applicable law, that (a) if for
the purposes of obtaining any judgment or award it becomes necessary to convert from any currency
other than the currency required hereunder into the currency required hereunder any amount in
connection with the Obligations, then the conversion shall be made as provided above on the
Business Day before the day on which the judgment or award is given, (b) in the event that there is
a change in the applicable conversion rate prevailing between the Business Day before the day on
which the judgment or award is given and the date of payment, the Borrowers will pay to the
Administrative Agent, for the benefit of the Lenders, such additional amounts (if any) as may be
necessary, and the Administrative Agent, on behalf

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of the Lenders, will pay to the Company such
excess amounts (if any) as result from such change in the rate of exchange, to assure that the
amount paid on such date is the amount in such other currency, which when converted at the
conversion rate described herein on the date of payment, is the amount then due in the currency
required hereunder, and (c) any amount due from the Borrowers under this Section 10.22
shall be due as a separate debt and shall not be affected by judgment or award being obtained for
any other sum due.

     10.23 Exchange Rates.

     (a) Determination of Exchange Rates. Not later than 2:00 P.M. (London time) on each
Calculation Date or upon the occurrence of an Event of Default, if any Loans are outstanding on
such date in any Foreign Currency, the Administrative Agent shall (i) determine the Exchange Rate
as of such Calculation Date with respect to such Foreign Currencies and (ii) give notice thereof to
the Lenders and the Company. The Exchange Rate so determined shall become effective on the first
Business Day immediately following the relevant Calculation Date or upon the occurrence of an Event
of Default (a “Reset Date”), shall remain effective until the next succeeding Reset Date,
and shall for all purposes of this Agreement (other than Section 10.22 or any other
provision expressly requiring the use of a current Exchange Rate) be the Exchange Rates employed in
determining the Dollar Equivalent of any amounts of Foreign Currencies.

     (b) Notice of Foreign Currency Loans and Letters of Credit. Not later than 2:00 P.M.
(London time) on each Reset Date and each date on which Loans denominated in any Foreign Currencies
are made or issued, if any such Loans are outstanding on such date, the Administrative Agent shall
(i) determine the Dollar Equivalent of the aggregate principal amounts of the Loans denominated in
Foreign Currencies and (ii) notify the Lenders and the Company of the results of such
determination.

     10.24 Market Disruption. Notwithstanding the satisfaction of all conditions referred to in
Article II, Article III and Article IV with respect to any Borrowing in any Foreign Currency, if
(a) there shall occur on or prior to the date of such Borrowing any change in national or
international financial, political or economic conditions or currency exchange rates or exchange
controls which would in the reasonable opinion of the Administrative Agent or the Required Lenders
make it impossible for the applicable Eurocurrency Rate Borrowing to be denominated in the Agreed
Currency specified by the Company or (b) the Dollar Equivalent amount of such Agreed Currency is
not readily calculable, then the Administrative Agent shall forthwith give notice thereof to the
Company and the Lenders and such Borrowing shall not be denominated in such Foreign Currency, but
shall be made on the date of such requested Borrowing in Dollars in an aggregate principal amount
equal to the Dollar Equivalent specified in the Revolving Loan Notices as Base Rate Loans.

     10.25 Unrestricted Subsidiaries. After the Closing Date, the Company shall have the right to
designate any Subsidiary (other than any Subsidiary Borrower or any former Subsidiary Borrower)
from time to time as an “Unrestricted Subsidiary” (it being agreed that Harris Stratex Networks,
Inc. and its Subsidiaries are Unrestricted Subsidiaries without the need for any additional
designation) for purposes of this Agreement, within 30 days after the creation or acquisition of
such Subsidiary, by giving written notice thereof to the Administrative Agent so

-85-

 

long as no Default
or Event of Default has occurred and is continuing or, after giving pro forma effect thereto, would
result therefrom (including under Section 7.06). The Company may redesignate any Unrestricted
Subsidiary as a Restricted Subsidiary so long as no Default or Event of Default has occurred and is
continuing or would result therefrom; provided, that such Restricted Subsidiary may not thereafter
be redesignated as an Unrestricted Subsidiary.

ARTICLE XI.

COMPANY GUARANTY

     11.01 Guaranty. The Company hereby agrees that the Company is jointly and severally liable
for, and hereby absolutely and unconditionally guarantees to the Administrative Agent, the L/C
Issuers and the Lenders and their respective successors and assigns, the full and prompt payment
(whether at stated maturity, by acceleration or otherwise) and performance of, all Obligations owed
or hereafter owing by each other Borrower. The Company agrees that its guaranty obligation
hereunder (the “Guaranty Obligations”) is a continuing guaranty of payment and performance
and not of collection, that its obligations under this Article XI shall not be discharged
until payment and performance, in full, of the Obligations has occurred, and that its obligations
under this Article XI shall be absolute and unconditional, irrespective of, and unaffected
by,

     (a) the genuineness, validity, regularity, enforceability or any future amendment of,
or change in, this Agreement, any other Loan Document, or any other agreement, document or
instrument to which any Borrower is or may become a party;

     (b) the absence of any action to enforce this Agreement (including this Article
XI) or any other Loan Document or the waiver or consent by the Administrative Agent, any
L/C Issuer or any Lender with respect to any of the provisions thereof;

     (c) the existence, value or condition of, or failure to perfect a Lien, if any,
against, any security for the Obligations or any action, or the absence of any action, by
the Administrative Agent, any L/C Issuer or any Lender in respect thereof (including
the release of any such security);

     (d) the insolvency of any Borrower; or

     (e) any other action or circumstances that might otherwise constitute a legal or
equitable discharge or defense of a surety or guarantor.

The Company shall be regarded, and shall be in the same position, as principal debtor with respect
to the Obligations guaranteed hereunder.

     11.02 Waivers. The Company expressly waives all rights it may have now or in the future under
any statute, or at common law, or at law or in equity, or otherwise, to compel the Administrative
Agent, any L/C issuer or any Lender to marshal assets or to proceed in respect of the Obligations
guaranteed hereunder against any other Borrower, any other party or against any security for the
payment and performance of the Obligations before proceeding against, or as a

-86-

 

condition to
proceeding against, the Company. It is agreed among each Borrower, the Administrative Agent, the
L/C Issuers, and the Lenders that the foregoing waivers are of the essence of the transaction
contemplated by this Agreement and the other Loan Documents and that, but for the provisions of
this Article XI and such waivers, the Administrative Agent, the L/C Issuers and the Lenders
would decline to enter into this Agreement.

     11.03 Benefit of Guaranty. The Company agrees that the provisions of this Article XI
are for the benefit of the Administrative Agent, the L/C Issuers and the Lenders and their
respective successors, transferees, endorsees and assigns, and nothing herein contained shall
impair, as between any other Borrower and the Administrative Agent, the L/C Issuers or Lenders, the
obligations of such other Borrower under the Loan Documents.

     11.04 Waiver of Subrogation, Etc. Notwithstanding anything to the contrary in this Agreement
or in any other Loan Document until the Obligations of the Borrowers are paid in full and the
Credit Agreement has been terminated, the Company hereby expressly and irrevocably waives any and
all rights at law or in equity to subrogation, reimbursement, exoneration, contribution,
indemnification or set off and any and all defenses available to a surety, guarantor or
accommodation co-obligor. The Company acknowledges and agrees that this waiver is intended to
benefit the Administrative Agent, the L/C Issuers and the Lenders and shall not limit or otherwise
affect the Company’s liability hereunder or the enforceability of this Article XI, and that
the Administrative Agent, the L/C Issuers and the Lenders and their respective successors and
assigns are intended third party beneficiaries of the waivers and agreements set forth in this
Section 11.04.

     11.05 Election of Remedies. If the Administrative Agent, any L/C Issuer or any Lender may,
under applicable law, proceed to realize its benefits under any of the Loan Documents giving the
Administrative Agent, such L/C Issuer or such Lender a Lien upon any collateral, whether owned by
any Borrower or by any other Person, either by judicial foreclosure or by non-judicial sale or
enforcement, the Administrative Agent, any L/C Issuer or any Lender may, at its sole option, determine which of
its remedies or rights it may pursue without affecting any of its rights and remedies under this
Article XI. If, in the exercise of any of its rights and remedies, the Administrative
Agent, any L/C Issuer or any Lender shall forfeit any of its rights or remedies, including its
right to enter a deficiency judgment against any Borrower or any other Person, whether because of
any applicable laws pertaining to “election of remedies” or the like, each Borrower hereby consents
to such action by the Administrative Agent, such L/C Issuer or such Lender and waives any claim
based upon such action, even if such action by the Administrative Agent, such L/C Issuer or such
Lender shall result in a full or partial loss of any rights of subrogation that each Borrower might
otherwise have had but for such action by the Administrative Agent, such L/C Issuer or such Lender.
Any election of remedies that results in the denial or impairment of the right of the
Administrative Agent, any L/C Issuer or any Lender to seek a deficiency judgment against any
Borrower shall not impair the Company’s obligation to pay the full amount of the Obligations. In
the event the Administrative Agent, any L/C Issuer or any Lender shall bid at any foreclosure or
trustee’s sale or at any private sale permitted by law or the Loan Documents, the Administrative
Agent, such L/C Issuer or such Lender may bid all or less than the amount of the Obligations and
the amount of such bid need not be paid by the Administrative Agent, such L/C Issuer or such Lender
but shall be credited against the Obligations. The amount of the successful bid at any such sale,
whether the Administrative

-87-

 

Agent, a L/C Issuer, a Lender or any other party is the successful
bidder, shall be conclusively deemed to be the fair market value of the collateral and the
difference between such bid amount and the remaining balance of the Obligations shall be
conclusively deemed to be the amount of the Obligations guaranteed under this Article XI,
notwithstanding that any present or future law or court decision or ruling may have the effect of
reducing the amount of any deficiency claim to which the Administrative Agent, any L/C Issuer or
any Lender might otherwise be entitled but for such bidding at any such sale.

     11.06 Liability Cumulative. The liability of the Company under this Article XI is in
addition to and shall be cumulative with all liabilities of the Company to the Administrative
Agent, the L/C Issuers and the Lenders under this Agreement and the other Loan Documents or in
respect of any Obligations or obligation of the other Borrowers, without any limitation as to
amount, unless the instrument or agreement evidencing or creating such other liability specifically
provides to the contrary.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

-88-

 

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

	 	 	 	 	 	 	 
	 	 	HARRIS CORPORATION, as Borrower*
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Gary L. McArthur	 	 
	 

	 	
	 	 
Gary L. McArthur
	 	 
	 

	 	 	 	 	 	 
	 

	 		 	Vice President and Chief Financial Officer	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Charles J. Greene	 	 
	 

	 	 	 	 	 	 
	 

	 		 	Charles J. Greene	 	 
	 

	 	 	 	 	 	 
	 

	 		 	Vice President, Tax and Treasurer	 	 
	 

	 	 	 	 	 	 

 

			
	*	 	The signatures of two authorized officers are required

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	SUNTRUST BANK, as Administrative Agent, an L/C
Issuer and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Robert Maddox	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Robert Maddox
	 	 
	 

	 	Title:	 	Director	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A., as Syndication Agent
and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ William S. Rowe 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	William S. Rowe
	 	 
	 

	 	Title:	 	Senior Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	HSBC BANK USA, NATIONAL ASSOCIATION., as

Co-Documentation Agent and a Lender
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ James J. Snyder	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	James J. Snyder
	 	 
	 

	 	Title:	 	First Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A., as Co-Documentation 

Agent and a Lender
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Robert P. Carswell	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Robert P. Carswell
	 	 
	 

	 	Title:	 	Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	CITIBANK, N.A., as Co-Documentation Agent and
a Lender
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Julio Ojea-Quintana	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Julio Ojea-Quintana
	 	 
	 

	 	Title:	 	Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NEW YORK MELLON, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Robert I. Mitchell, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Robert I. Mitchell, Jr.
	 	 
	 

	 	Title:	 	First Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Diane Emanuel	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Diane Emanuel
	 	 
	 

	 	Title:	 	Director	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	BRANCH BANKING &TRUST CO., as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ C. William Buchholz	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	C. William Buchholz
	 	 
	 

	 	Title:	 	Senior Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	MORGAN STANLEY BANK, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Daniel Twenge	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Daniel Twenge
	 	 
	 

	 	Title:	 	Authorized Signatory	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	THE NORTHERN TRUST COMPANY, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Rick J. Gomez	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Rick J. Gomez
	 	 
	 

	 	Title:	 	Second Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	SOCIÉTÉ
GÉNÉRALE, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ R. D. Boyd Harman	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	R. D. Boyd Harman
	 	 
	 

	 	Title:	 	Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	U.S. BANK NATIONAL ASSOCIATION, as a Lender
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kenneth R. Fieler	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Kenneth R. Fieler
	 	 
	 

	 	Title:	 	Assistant Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	WELLS FARGO BANK,
NATIONAL ASSOCIATION, as a
Lender
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Sharon L. Prince	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Sharon L. Prince
	 	 
	 

	 	Title:	 	Vice President	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 
	 	 	TD BANK, N.A., as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Peter L. Davis	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Peter L. Davis
	 	 
	 

	 	Title:	 	SVP	 	 

[SIGNATURE PAGE TO CREDIT AGREEMENT]

 

 

SCHEDULE I

MANDATORY COSTS

	1.	 	The Mandatory Cost is an addition to the interest rate to compensate Lenders for the cost of
compliance with (a) the requirements of the Bank of England and/or the Financial Services
Authority (or, in either case, any other authority which replaces all or any of its functions)
or (b) the requirements of the European Central Bank.
	 
	2.	 	On the first day of each Interest Period (or as soon as possible thereafter) the
Administrative Agent shall calculate, as a percentage rate, a rate (the “Additional Cost
Rate”) for each Lender, in accordance with the paragraphs set out below. The Mandatory
Cost will be calculated by the Administrative Agent as a weighted average of the Lenders’
Additional Cost Rates (weighted in proportion to the percentage participation of each Lender
in the relevant Loan) and will be expressed as a percentage rate per annum to four decimal
places.
	 
	3.	 	The Additional Cost Rate for any Lender lending from a Lending Office in a Participating
Member State will be the percentage notified by that Lender to the Administrative Agent. This
percentage will be certified by that Lender in its notice to the Administrative Agent to be
its reasonable determination of the cost (expressed as a percentage of that Lender’s
participation in all Loans made from that Lending Office) of complying with the minimum
reserve requirements of the European Central Bank in respect of Loans made from that Lending
Office.
	 
	4.	 	The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom
will be calculated by the Administrative Agent as follows:

	 	(a)	 	in relation to a Loan in Sterling:
	 
	 		 		  percent per annum
	 
	 	(b)	 	in relation to a Loan in any Agreed Currency other than Sterling:
	 
	 	 	 	E x 0.01  percent per annum.

   300	 

	 	 	Where:
	 
	 	 	A is the percentage of Eligible Liabilities (assuming these to be in excess of any stated
minimum) which that Lender is from time to time required to maintain as an interest free
cash ratio deposit with the Bank of England to comply with cash ratio requirements.
	 
	 	 	B is the percentage rate of interest (excluding the Applicable Rate, the Default Rate (if
applicable) and the Mandatory Cost) payable for the relevant Interest Period on such Loan.

 

 

	 	 	C is the percentage (if any) of Eligible Liabilities which that Lender is required from time
to time to maintain as interest bearing Special Deposits with the Bank of England.
	 
	 	 	D is the percentage rate per annum payable by the Bank of England to the Administrative
Agent on interest bearing Special Deposits.
	 
	 	 	E is designed to compensate Lenders for amounts payable under the Fees Rules and is
calculated by the Administrative Agent as being the average of the most recent rates of
charge supplied by the Reference Banks to the Administrative Agent pursuant to paragraph 7
below and expressed in pounds per £1,000,000.

	5.	 	For the purposes of this Schedule:

     (a) “Eligible Liabilities” and “Special Deposits” have the meanings given to them from
time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by
the Bank of England;

     (b) “Fees Rules” means the rules on periodic fees contained in the FSA Supervision
Manual or such other law or regulation as may be in force from time to time in respect of
the payment of fees for the acceptance of deposits;

     (c) “Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity
group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee required pursuant to
the Fees Rules but taking into account any applicable discount rate); and

     (d) “Tariff Base” has the meaning given to it in, and will be calculated in accordance
with, the Fees Rules.

	6.	 	In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5 percent. will be included in the formula as 5 and not as 0.05). A
negative result obtained by subtracting D from B shall be taken as zero. The resulting
figures shall be rounded to four decimal places.
	 
	7.	 	If requested by the Administrative Agent, each Reference Bank shall, as soon as practicable
after publication by the Financial Services Authority, supply to the Administrative Agent, the
rate of charge payable by that Reference Bank to the Financial Services Authority pursuant to
the Fees Rules in respect of the relevant financial year of the Financial Services Authority
(calculated for this purpose by that Reference Bank as being the average of the Fee Tariffs
applicable to that Reference Bank for that financial year) and expressed in pounds per
£1,000,000 of the Tariff Base of that Reference Bank.
	 
	8.	 	Each Lender shall supply any information required by the Administrative Agent for the purpose
of calculating its Additional Cost Rate. In particular, but without limitation, each Lender
shall supply to the Administrative Agent the following information on or prior to the date on
which it becomes a Lender:

     (a) the jurisdiction of its Lending Office; and

     (b) any other information that the Administrative Agent may
reasonably require for such purpose.

 

 

     Each Lender shall promptly notify the Administrative Agent of any change to the
information provided by it pursuant to this paragraph.

	9.	 	The percentages of each Lender for the purpose of A and C above and the rates of charge of
each Reference Bank for the purpose of E above shall be determined by the Administrative Agent
based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the
assumption that, unless a Lender notifies the Administrative Agent to the contrary, each
Lender’s obligations in relation to cash ratio deposits and Special Deposits are the same as
those of a typical bank from its jurisdiction of incorporation with a Lending Office in the
same jurisdiction as its Lending Office.
	 
	10.	 	The Administrative Agent shall have no liability to any person if such determination results
in an Additional Cost Rate which over or under compensates any Lender and shall be entitled to
assume that the information provided by any Lender or Reference Bank pursuant to paragraphs 3,
7 and 8 above is true and correct in all respects.
	 
	11.	 	The Administrative Agent shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each Lender based
on the information provided by each Lender and each Reference Bank pursuant to paragraphs 3, 7
and 8 above.
	 
	12.	 	Any determination by the Administrative Agent pursuant to this Schedule in relation to a
formula, the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender shall,
in the absence of manifest error, be conclusive and binding on all parties.
	 
	13.	 	The Administrative Agent may from time to time, after consultation with the Company and the
Lenders, determine and notify to all parties any amendments which are required to be made to
this Schedule in order to comply with any change in law, regulation or any requirements from
time to time imposed by the Bank of England, the Financial Services Authority or the European
Central Bank (or, in any case, any other authority which replaces all or any of its functions)
and any such determination shall, in the absence of manifest error, be conclusive and binding
on all parties.

 

 

SCHEDULE 2.01

COMMITMENTS

	 	 	 	 	 
	                       Lender	 	Commitment	 
	SunTrust Bank
	 	$	105,000,000	 
	Bank of America, N.A.
	 	$	75,000,000	 
	HSBC Bank USA, National Association
	 	$	75,000,000	 
	JPMorgan Chase Bank, N.A.
	 	$	75,000,000	 
	Citibank, N.A.
	 	$	75,000,000	 
	The Bank of New York Mellon
	 	$	40,000,000	 
	The Bank of Nova Scotia
	 	$	40,000,000	 
	Branch Banking & Trust Co.
	 	$	40,000,000	 
	Morgan Stanley Bank
	 	$	40,000,000	 
	The Northern Trust Company
	 	$	40,000,000	 
	Société Générale
	 	$	40,000,000	 
	U.S. Bank National Association
	 	$	40,000,000	 
	Wells Fargo Bank, National Association
	 	$	40,000,000	 
	TD Bank, N.A.
	 	$	25,000,000	 
	 
	 	 	 
	Total
	 	$	750,000,000	 

 

 

EXHIBIT A

FORM OF REVOLVING LOAN NOTICE

Date: ___________, _____

To:      SunTrust Bank, as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Revolving Credit Agreement, dated as of September 10, 2008
(as amended, restated, extended, supplemented or otherwise modified in writing from time to time,
the “Agreement;” the terms defined therein being used herein as therein defined), among
Harris Corporation, a Delaware corporation (the “Company”), the Subsidiary Borrowers from
time to time party thereto, the Lenders from time to time party thereto and SunTrust Bank, as
Administrative Agent, L/C Issuer and Swingline Lender.

     The undersigned hereby requests (select one):

     o
A Borrowing of Revolving Loans o  A conversion or continuation of Revolving Loans

     1.      On behalf of [Applicable Borrower].

     2.      On                                         (a Business Day).

     3.      In the principal amount of [$][€][£]                                        in [Dollars][Euro][Sterling].

	 	4.	 	At [Base Rate][Eurocurrency
Rate]       1 
	 
	 	5.	 	For Eurodollar Rate Loans: with an Interest Period of                    months.
	 
	 	6.	 	If applicable, the Revolving Loan from which the requested Revolving Loan will
be converted or continued:                                                      
	 
	 	7.	 	The Company requests that the proceeds of the Revolving Borrowing requested
hereby be wire transferred to the accounts of the following Persons at the financial
institutions indicated below:

	 	 	 	 	 	 	 
	Amount	 	Name	 	Account	 	Address
	[                    ]
	 	[                    ]
	 	[                    ]
	 	[                    ]

 

			
	 1       	 	Base Rate applicable only for Borrowings in Dollars.

A-1

 

     The Revolving Borrowing requested herein complies with the proviso to the first sentence of
Section 2.01 of the Agreement. Other than in connection with a conversion or continuation
of Revolving Loans, the undersigned hereby certifies that the following statements are and will be
true and correct on the date of the Credit Extension requested above, both before and after giving
effect to the Credit Extension requested above:

     (a) The representations and warranties made by the Borrowers in Article V of
the Agreement (but excluding the representation set forth in Section 5.05(b) of the
Agreement), or which are contained in any other Loan Document, are and will be true and
correct in all material respects on and as of the date of the Credit Extension requested
above, except to the extent that such representations and warranties specifically refer to
any earlier date; and

     (b) no Default or Event of Default has occurred and is continuing on the date hereof or
after giving effect to the Credit Extension requested above.

	 	 	 	 	 	 	 
	 	 	HARRIS CORPORATION	 	 
	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

A-2

 

EXHIBIT B

FORM OF SWINGLINE NOTICE

Date: ___________, _____

To:      SunTrust Bank, as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Revolving Credit Agreement, dated as of September 10, 2008
(as amended, restated, extended, supplemented or otherwise modified in writing from time to time,
the “Agreement;” the terms defined therein being used herein as therein defined), among
Harris Corporation, a Delaware corporation (the “Company”), the Subsidiary Borrowers from
time to time party thereto, the Lenders from time to time party thereto and SunTrust Bank, as
Administrative Agent, L/C Issuer and Swingline Lender.

     The undersigned hereby requests a Swingline Borrowing:

	    1.	 	On                                         (a Business Day).
	 
	    3.	 	In the principal amount of $                                        .
	 
	    4.	 	The Company requests that the proceeds of the Swingline Borrowing requested
hereby be wire transferred to the accounts of the following Persons at the financial
institutions indicated below:

	 	 	 	 	 	 	 
	Amount	 	Name	 	Account	 	Address
	[                    ]
	 	[                    ]
	 	[                    ]
	 	[                    ]

     The Swingline Borrowing requested herein complies with the requirements of the first sentence
of Section 2.13 of the Agreement. The undersigned hereby certifies that the following
statements are and will be true and correct on the date of the Credit Extension requested above,
both before and after giving effect to the Credit Extension requested above:

     (a) The representations and warranties made by the Borrowers in Article V of
the Agreement (but excluding the representation set forth in Section 5.05(b) of the
Agreement), or which are contained in any other Loan Document, are and will be true and
correct in all material respects on and as of the date of the Credit Extension requested
above, except to the extent that such representations and warranties specifically refer to
any earlier date; and

     (b) no Default or Event of Default has occurred and is continuing on the date hereof or
after giving effect to the Credit Extension requested above.

B-1

 

	 	 	 	 	 	 	 
	 	 	HARRIS CORPORATION	 	 
	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

B-2

 

EXHIBIT C

FORM OF ASSIGNMENT AND ASSUMPTION

[date to be supplied]

     Reference is made to the Revolving Credit Agreement dated as of September 10, 2008 (as amended
and in effect on the date hereof, the “Credit Agreement”), among Harris Corporation, a
Delaware corporation, the Subsidiary Borrowers from time to time party thereto, the Lenders from
time to time party thereto and SunTrust Bank, as Administrative Agent for such Lenders. Terms
defined in the Credit Agreement are used herein with the same meanings.

     The [name of assignor] (the “Assignor”) hereby sells and assigns, without recourse, to
[name of assignee] (the “Assignee”), and the Assignee hereby purchases and assumes, without
recourse, from the Assignor, effective as of the Assignment Date set forth below, the interests set
forth below (the “Assigned Interest”) in the Assignor’s rights and obligations under the
Credit Agreement, including, without limitation, the Commitment of the Assignor on the Assignment
Date and Revolving Loans owing to the Assignor which are outstanding on the Assignment Date,
together with the participations in the L/C Exposure and the Swingline Exposure of the Assignor on
the Assignment Date, but excluding accrued interest and fees to and excluding the Assignment Date.
The Assignee hereby acknowledges receipt of a copy of the Credit Agreement. From and after the
Assignment Date (i) the Assignee shall be a party to and be bound by the provisions of the Credit
Agreement and, to the extent of the Assigned Interest, have the rights and obligations of a Lender
thereunder and (ii) the Assignor shall, to the extent of the Assigned Interest, relinquish its
rights and be released from its obligations under the Credit Agreement.

     This Assignment and Acceptance is being delivered to the Administrative Agent together with
(i) if the Assignee is a Foreign Lender, any documentation required to be delivered by the Assignee
pursuant to Section 3.01(e) of the Credit Agreement, duly completed and executed by the Assignee,
and (ii) if the Assignee is not already a Lender under the Credit Agreement, an administrative
questionnaire in the form supplied by the Administrative Agent, duly completed by the Assignee.
The Assignee shall pay the fee payable to the Administrative Agent pursuant to Section 10.07(b) of
the Credit Agreement.

     The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the
Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other
adverse claim and (ii) it has full power and authority, and has taken all action necessary, to
execute and deliver this Assignment and Assumption and to consummate the transactions contemplated
hereby, and (b) assumes no responsibility with respect to (i) any statements, warranties or
representations made in or in connection with the Credit Agreement or any other Credit Document,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the
Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrowers, any of
their Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or
(iv) the performance or observance by the Borrowers, any of their

C-1

 

Subsidiaries or Affiliates or any other Person of any of their respective obligations under
any Credit Document.

     The Assignee (a) represents and warrants that (i) it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate
the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it
meets all requirements of an Eligible Assignee under the Credit Agreement (subject to receipt of
such consents as may be required under the Credit Agreement), (iii) from and after the Effective
Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to
the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has
received a copy of the Credit Agreement, together with copies of the most recent financial
statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into
this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has
made such analysis and decision independently and without reliance on the Administrative Agent or
any other Lender, and (v) if it is a Foreign Lender, attached to the Assignment and Assumption is
any documentation required to be delivered by it pursuant to the terms of the Credit Agreement,
duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and
without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in
accordance with their terms all of the obligations which by the terms of the Loan Documents are
required to be performed by it as a Lender.

     From and after the Effective Date, the Administrative Agent shall make all payments in respect
of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the
Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for
amounts which have accrued from and after the Effective Date, unless otherwise agreed in writing by
the Administrative Agent.

     This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties
hereto and their respective successors and assigns. This Assignment and Assumption may be executed
in any number of counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be
effective as delivery of a manually executed counterpart of this Assignment and Assumption. This
Assignment and Acceptance shall be governed by and construed in accordance with the laws of the
State of New York.

Assignment Date:

Legal Name of Assignor:

Legal Name of Assignee:

Assignee’s Address for Notices:

C-2

 

Effective Date of Assignment:

(“Effective Date”):

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Percentage Assigned of
	 	 	 	 	 	 	Commitment (set forth, to at
	 	 	 	 	 	 	least 8 decimals, as a
	 	 	 	 	 	 	percentage of the aggregate
	 	 	Principal Amount	 	Commitments of all Lenders
	                      Facility	 	Assigned	 	thereunder)
	Revolving Loans:
	 	$	 	 	 	 	%	 

The terms set forth above are hereby agreed to:

	 	 	 	 	 
	 	[Name of Assignor], as Assignor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	[Name of Assignee], as Assignee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:	 	 
	 

C-3

 

     The
undersigned hereby consents to the within assignment2:

	 	 	 	 	 	 	 	 	 
	Harris Corporation	 	SunTrust Bank, as Administrative Agent	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 	 	 
	 

	 	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	Name:	 	 
	 

	 	Title:	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	SunTrust Bank, as L/C Issuer	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 
	 

	 	 	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	SunTrust Bank, as Swingline Lender	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:	 	 
	 

	 	 	 	 	 	Title:	 	 

 

			
	2	 	Consents to be included to the extent required by Section 10.07
of the Credit Agreement.

C-4

 

EXHIBIT D

FORM OF COMPLIANCE CERTIFICATE

Financial
Statement Date: _____________, ____

To:      SunTrust Bank, as Administrative Agent

Ladies and Gentlemen:

     Reference is made to that certain Revolving Credit Agreement, dated as of September 10, 2008
(as amended, restated, extended, supplemented or otherwise modified in writing from time to time,
the “Agreement;” the terms defined therein being used herein as therein defined), among
Harris Corporation, a Delaware corporation (the “Company”), the Subsidiary Borrowers from
time to time party thereto, the Lenders from time to time party thereto and SunTrust Bank, as
Administrative Agent, L/C Issuer and Swingline Lender. This Compliance Certificate is delivered
pursuant to Section 6.04 of the Agreement.

     The undersigned Responsible Officer hereby certifies on behalf of the Company as of the date
hereof that he/she is the                                                                              
   of the Company, and
that, as such, he/she is authorized to execute and deliver this Certificate to the Administrative
Agent on the behalf of the Company, and that:

[Use following for fiscal year-end financial statements]

     1. Attached hereto as Schedule 1 are the year-end audited financial statements
required by Section 6.01(a) of the Agreement for the fiscal year of the Company ended as of
the above date, together with the report and opinion of an independent certified public accountant
required by such section.

[Use following for fiscal quarter-end financial statements]

     1. Attached hereto as Schedule 1 are the unaudited financial statements required by
Section 6.01(b) of the Agreement for the fiscal quarter of the Company ended as of the
above date. Such financial statements fairly present in all material respects the financial
condition, results of operations and cash flows of the Company and its Subsidiaries in accordance
with GAAP as at such date and for such period, subject only to normal year-end audit adjustments
and the absence of footnotes.

     2. [select one:]

     [To the knowledge of the undersigned during such fiscal period, the Borrowers have in all material
respects observed or performed all of their covenants and other agreements and satisfied every
condition contained in the Loan

D-1

 

Documents to be observed, performed or satisfied by them, and there is no Event of Default]

—or—

     [The following covenants or conditions have not been performed or observed and the following
is a list of each such Default or Event of Default and its nature and status:]

     3. The financial covenant analyses and information set forth on Schedule 2 attached
hereto are true and accurate in all material respects on and as of the date of this Certificate.

     IN WITNESS WHEREOF, the undersigned has executed this Certificate as of                                         ,
                    .

	 	 	 	 	 	 	 
	 	 	HARRIS CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

D-2

 

     For the
Quarter/Year ended               
                 
                 
            (“Statement Date”)

SCHEDULE 2

to the Compliance Certificate

($ amounts set forth in the right-hand columns are in 000’s)

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Harris	 
	 	 	Harris	 	 	 	 	 	 	Corporation	 
	 	 	Corporation and	 	 	Unrestricted	 	 	and Restricted	 
	 	 	all Subsidiaries	 	 	Subsidiaries	 	 	Subsidiaries	 
	I. Section 7.06(a) –
Interest Coverage Ratio.
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	A. Consolidated EBITDA
measured on a rolling
four-quarter basis for
the four fiscal
quarters ended on or
before the Statement
Date (the “Subject
Period”):
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	1. The net income
(or loss) of the
Company and its
Restricted
Subsidiaries during
the Subject Period
determined on a
consolidated basis
in accordance with
GAAP, but excluding
therefrom (to the
extent otherwise
included therein)
(i) any non-cash
extraordinary gains
or losses, (ii) any
gains attributable
to write-ups of
assets, (iii) any
equity interest of
the Company or any
Restricted
Subsidiary in the
unremitted earnings
of any Person that
is not a Subsidiary
and (iv) any net
income (or loss)
attributable to an
Unrestricted
Subsidiary:
	 	$	                    	 	 	$	                    	 	 	$	                    	 

D-3

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Harris	 
	 	 	Harris	 	 	 	 	 	 	Corporation	 
	 	 	Corporation and	 	 	Unrestricted	 	 	and Restricted	 
	 	 	all Subsidiaries	 	 	Subsidiaries	 	 	Subsidiaries	 
	2. The total interest expense of the
Company and its Restricted
Subsidiaries with respect to Debt
for the Subject Period (determined
on a consolidated basis in
accordance with GAAP) including,
without limitation, the interest
component of any payments in respect
of capital leases capitalized or
expensed during the Subject Period
(whether or not actually paid during
the Subject Period), to the extent
used or included in the
determination of the amount of line
I.A.1:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	3. The amount of taxes, based on or
measured by income, to the extent
used or included in the
determination of the amount of Line
I.A.1:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	4. The amount of (i) depreciation
and amortization, determined on a
consolidated basis in accordance
with GAAP in each case for the
Subject Period, (ii) other non-cash
losses or deductions (including
purchased in-process research and
development, impairment charges,
expensing of stock options or stock
awards, write-offs or restructuring
charges), and (iii) fees, costs,
write-offs and other expenses
associated with any Acquisition, to
the extent used or included in the
determination of the amount of Line
I.A.1:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	B. Consolidated EBITDA for the Subject
Period

(Lines I.A.1 + I.A.2 + I.A.3 + I.A.4):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	C. Consolidated Net Interest Expense
for the Subject Period:
	 	 	 	 	 	 	 	 	 	 	 	 

D-4

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Harris	 
	 	 	Harris	 	 	 	 	 	 	Corporation	 
	 	 	Corporation and	 	 	Unrestricted	 	 	and Restricted	 
	 	 	all Subsidiaries	 	 	Subsidiaries	 	 	Subsidiaries	 
	1. The total interest expense of the
Company and its Restricted
Subsidiaries with respect to Debt
for the Subject Period (determined
on a consolidated basis in
accordance with GAAP) including,
without limitation, the interest
component of any payments in respect
of capital leases capitalized or
expensed during the Subject Period
(whether or not actually paid during
the Subject Period):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	2. Interest income of the Company
and its Restricted Subsidiaries for
the Subject Period (determined on a
consolidated basis in accordance
with GAAP):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	3. Line I.C.1 - Line I.C.2
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	D. Actual
ratio of Consolidated EBITDA to Consolidated Net Interest Expense
for the Subject Period (Line I.B to
Line I.C.3):
	 	 	 	 	 	 	 	 	 	     to 1.00
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	E. Minimum permitted ratio of
Consolidated EBITDA to
Consolidated Net Interest Expense:
	 	 	 	 	 	 	 	 	 	 	3.00 to 1.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	II. Section 7.06(b) – Consolidated Total
Indebtedness to Total Capital.
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	A. Consolidated Total Indebtedness at
the Statement Date:
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	1. All amounts which would be
included as Debt of the Company and
its Restricted Subsidiaries
(determined on a consolidated basis
in accordance with GAAP) as of the
Statement Date:
	 	$	                    	 	 	$	                    	 	 	$	                    	 

D-5

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Harris	 
	 	 	Harris	 	 	 	 	 	 	Corporation	 
	 	 	Corporation and	 	 	Unrestricted	 	 	and Restricted	 
	 	 	all Subsidiaries	 	 	Subsidiaries	 	 	Subsidiaries	 
	2. The capitalized amount of
remaining
lease payments under any Synthetic
Lease Obligation of the Company and
its Restricted Subsidiaries that
would appear on a balance sheet of
such Person prepared as of the
Statement Date in accordance with
GAAP if such lease were accounted
for as a capital lease determined on
a consolidated basis:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	3. Sum of Lines II.A.1 and II.A.2:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	B. Total Capital:
	 	 	 	 	 	 	 	 	 	 	 	 
	1. The Total Shareholders’ Equity of
the Company and its Subsidiaries
that would be reflected on the
Company’s consolidated balance sheet
as of such date prepared in
accordance with GAAP, including
without duplication the
minority-interest in Subsidiaries
that are not wholly owned by the
Company and excluding all equity
interest in the Unrestricted
Subsidiaries:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	2. Consolidated Total Indebtedness
(Line II.A.3):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	3. Total Capital: (Line II.B.1 + Line II.B.2):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	C. Actual ratio of Consolidated Total
Indebtedness to Total Capital at the
end of the Subject Period
(Line II.A.3 to Line II.B.3):
	 	 	 	 	 	 	 	 	 	     to 1.00
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	D. Maximum permitted ratio of
Consolidated Total Indebtedness to
Total Capital:
	 	 	 	 	 	 	 	 	 	 	.60 to 1.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	III. Section 7.01(p) – Liens other than
Permitted Liens
	 	 	 	 	 	 	 	 	 	 	 	 
	A. The aggregate amount of Debt and
other indebtedness secured by any Liens
permitted under Section 7.01(p) of the
Agreement:
	 	$	                    	 	 	$	                    	 	 	$	                    	 

D-6

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Harris	 
	 	 	Harris	 	 	 	 	 	 	Corporation	 
	 	 	Corporation and	 	 	Unrestricted	 	 	and Restricted	 
	 	 	all Subsidiaries	 	 	Subsidiaries	 	 	Subsidiaries	 
	B. The aggregate monetary obligations
in respect of transactions permitted
pursuant to the proviso of Section 7.03
of the Agreement:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	C. The applicable amount of all
Securitizations of the Company and its
Restricted Subsidiaries:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	D. Sum of Lines III.A, III.B, and III.C:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	E. Total Capital (Line II.B.3):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	F. 25% of Total Capital (25% of Line
III.E):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	G. Excess (deficiency) (Line III.D –
Line III.F):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	IV Section
7.03 – Sale and Leaseback.
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	A. The
aggregate monetary obligations in respect of all transactions subject
to Section 7.03 of the Agreement,
including the proposed sale-leaseback
transaction:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	B. The aggregate amount of Debt
secured by any Liens permitted by
Section 7.01(p) of the Agreement:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	C. The applicable amount of all
Securitizations of the Company and all
of its Restricted Subsidiaries (Line
III.C):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	D. Sum of Lines IV.A, IV.B, and IV.C:
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	E. 25% of Total Capital (Line III.F):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	F. Excess (deficiency) (Line IV.D –
Line IV.E):
	 	$	                    	 	 	$	                    	 	 	$	                    	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	V Section 7.02(b) – Consolidated Total
Assets
	 	$	                    	 	 	$	                    	 	 	$	                    	 

 

 

EXHIBIT E

FORM OF CLOSING DATE OPINIONS OF COUNSEL

See Attached

 

 

	 	 	 	 	 
	
	 	 	 	 

September 10, 2008

SunTrust Bank, as Administrative Agent under the Credit Agreement (as defined below)

The Lenders party thereto

Re: Legal
Opinion — Credit Facility in favor of Harris Corporation

Ladies and Gentlemen:

     We have acted as special counsel to Harris Corporation, a Delaware corporation (the
“Company”), in connection with the transactions contemplated by that certain Revolving
Credit Agreement dated as of September 10, 2008, by and among the Company, certain of the Company’s
subsidiaries from time to time, SunTrust Bank, as the Administrative Agent (the “Agent”),
L/C Issuer, and Swingline Lender, and the lenders party thereto from time to time (the
“Lenders”) (referred to as the “Credit Agreement”).

     The opinions expressed herein are furnished to you at the request of the Company and pursuant
to Section 4.01(a)(v) of the Credit Agreement. All capitalized terms used herein, unless otherwise
defined herein, shall have the respective meanings set forth in the Credit Agreement. The
transactions contemplated by the Credit Agreement are herein collectively referred to as the
“Transaction.”

     In connection with issuing this opinion letter, we have examined and are relying upon executed
versions of the Credit Agreement and the Fee Letter (the “Opinion Documents”). The Opinion
Documents may not constitute all of the documents utilized in connection with the Transaction (all
such documents are collectively referred to hereinafter as the “Transaction Documents”).
Except as may be otherwise specifically noted in this opinion letter, the opinions expressed below
relate solely to the Opinion Documents, but not to any other documents that are referred to in,
incorporated by reference into, or listed as attachments, exhibits, or schedules to any of the
Opinion Document.

     With respect to factual matters relevant to any opinion set forth in this opinion letter, we
have, with your approval, examined and relied upon, and have assumed the completeness and accuracy
of the representations and warranties made by all parties in the Opinion Documents and in the
Officer’s Certificate attached hereto as Exhibit “A,” but we have made no inquiry of the
Company or any other party to the Opinion Documents, or investigation of the books, records, files
or other business papers of the Company or any other party, nor have we made any independent
investigation in any court, agency, governmental office or elsewhere with respect to such factual
matters. In rendering the opinions set forth below, we also have, with your approval, assumed,
without independent investigation or inquiry, the genuineness of all signatures, the legal capacity
of all natural persons executing documents examined or relied upon by us, the authenticity of all
documents submitted to us as originals, the completeness and conformity to the original documents
of all documents submitted to us as certified, conformed, pdf, or photo static, and the
authenticity of the originals of such copies.

 

 

     We have further assumed, with your approval, without investigation, that:

     1. Each party to the Transaction Documents (a) has been duly organized, and is validly
existing and in good standing under the laws of its jurisdiction of incorporation or charter,
(b) has full corporate or equivalent power and authority to execute and deliver, and to perform its
obligations under, each of the Transaction Documents to which it is a party, and to enter into the
Transaction, (c) has, by all necessary corporate or equivalent action, duly authorized the
execution and delivery of each of the Transaction Documents to which it is a party, and (d) has
duly executed and delivered each of the Transaction Documents to which it is a party;

     2. Each of the Transaction Documents is valid and enforceable against each party thereto under
applicable law (other than, with respect to the Company, the Opinion Documents under federal law
and the laws of the States of Florida and of New York (collectively, the “States”) as to
which we are opining);

     3. The execution, delivery and performance by the parties to the Transaction Documents do not
violate their respective certificates of incorporation or organization, by-laws, partnership
agreements, trust agreements or other organizational documents, or any judgment, decree or order of
any court or administrative tribunal applicable to any such party;

     4. Each party to the Transaction Documents (other than the Company) has satisfied all legal
requirements that are applicable to such party to the extent necessary to make such Transaction
Document enforceable by or against such party;

     5. The parties to the Transaction Documents will (a) act in good faith and in a commercially
reasonable manner in the exercise of any rights or enforcement of any remedies under the
Transaction Documents; (b) in connection therewith, not engage in any conduct in the exercise of
such rights or enforcement of such remedies that would constitute other than fair dealing; and
(c) comply with all requirements of applicable procedural and substantive law in exercising any
rights or enforcing any remedies under the Transaction Documents;

     6. All certificates, and all telegraphic and telephonic confirmations, given by public
officials or by third parties in connection with the Transaction have been properly given and are
accurate;

     7. The Transaction Documents accurately reflect the complete understanding of the parties with
respect to the Transaction and the rights and obligations of the parties thereunder; the terms and
conditions of the Transaction Documents have not been amended, modified or supplemented, directly
or indirectly, by any other agreement or understanding of the parties or waiver of any of the
material provisions of the Transaction Documents; and there has been no fraud, duress, or mutual
mistake of fact with respect to the authorization, execution and delivery of any of the Transaction
Documents;

     8. The laws under which we are rendering the opinions contained herein are published,
accessible and generally available to lawyers practicing in the States, and no issue of
unconstitutionality or invalidity of any relevant law exists unless a reported case has so held or
lawyers practicing in the States would so conclude on the basis of reported cases;

     9. In the event that any party to the Opinion Documents seeks to maintain any action, suit or
proceeding in the courts of either of the States, as applicable, to enforce any provision of the
respective Opinion Document, such person, if required at such time to hold a certificate of
authority to transact business as a foreign corporation or other registration in the such State,
will have obtained such a certificate prior to commencing such action, suit or proceeding;

2

 

     10. The exercise of any rights or enforcement of any remedies under the Opinion Documents will
not be unconscionable, result in a breach of the peace, or otherwise
be contrary to public policy; and

     11. The parties to the Transaction Documents (other than the Company) have not and do not
reserve, charge, take, or receive, directly or indirectly, at any time, interest or other sums
thereunder deemed to be in the nature of interest in an amount exceeding the equivalent of the rate
of 25% simple interest per year, calculated on the basis of a 365 day year and the actual number of
days elapsed.

     Subject to the assumptions, exceptions and qualifications set forth in this opinion letter, we
are of the opinion that:

     1. The Opinion Documents constitute the legal, valid and binding obligations of the Company,
enforceable against the Company in accordance with its terms.

     2. The execution and delivery by the Company of, and the performance by the Company of its
obligations under, the Opinion Documents will not violate or conflict with any Applicable Law (as
defined herein) having applicability to the Company.

     3. No authorization, consent, approval, license, exemption of, or filing or registration
with, or notice to, any Governmental Authority by or on behalf of the Company is required under
Applicable Law to make valid and legally binding the execution and delivery by the Company of the
Opinion Documents and the performance by the Company of the payment obligations therein.

     4. The extensions of credit pursuant to the Credit Agreement, assuming that the Company
complies with the provisions therein relating to the use of proceeds, will not violate the
provisions of Regulations T, U or X of the Board of Governors of the Federal Reserve System.

     5. 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.

     Without limiting the generality of, or implying any other limitation of, any other assumption,
qualification, limitation or exception set forth in this opinion letter, our opinions set forth
hereinabove are subject to each of the following exceptions:

	 	(a)	 	The enforceability of the Opinion Documents is subject to the effect of
bankruptcy, insolvency, fraudulent conveyance and transfer, reorganization, arrangement
and moratorium laws, and other laws from time to time in effect, relating to or
affecting generally the enforcement of creditors’ rights and remedies (including,
without limitation, the effect of the Federal Bankruptcy Code in its entirety,
including matters of contract rejection, fraudulent conveyance and obligation,
turnover, preference, equitable subordination, automatic stay, conversion of a
non-recourse obligation into a recourse obligation, substantive consolidation and
proofs of claim, and state laws regarding fraudulent transfers, obligations and
conveyances, and state receivership laws); and the enforceability of the Opinion
Documents is subject to the effect of the exercise of general principles of equity
governing, limiting or affecting equitable remedies or relief generally (including,
without limitation, matters of public policy) whether considered in a proceeding at law
or in equity (including, without limitation, principles governing the availability of
specific performance, injunctive relief or other traditional equitable remedies,
principles affording traditional equitable defenses (e.g., waiver, laches and
estoppel), good faith and fair dealing, reasonableness, materiality of breach,
impracticability or impossibility of performance, the effect of
obstruction, failure to

 3 

 

	 	 	 	perform, or otherwise to act in accordance with an agreement, by any person other
than the Company, and unconscionability);
	 
	 	(b)	 	We express no opinion as to any provision in any of the Opinion Documents that
waivers or consents by a party may not be given effect unless in writing or in
compliance with particular requirements, or that a course of dealing by any party, or
the failure on the part of any party to exercise, in whole or in part, a right or
remedy provided in the Opinion Documents, shall not constitute a waiver of its rights
or remedies or of any default;
	 
	 	(c)	 	We express no opinion as to the enforceability of any provision in the Opinion
Documents that may operate or be deemed or construed to waive any right of a debtor or
indemnitor which may not lawfully be waived (whether expressed as waivers, consents or
otherwise);
	 
	 	(d)	 	We express no opinion as to the effect and possible unenforceability of:
(i) provisions requiring indemnification for, or providing exculpation, release or
exemption from liability for, action or inaction, to the extent such action or inaction
involves negligence or willful misconduct of the person or entity indemnified (or of
any agent, contractor, employee, representative, partner, officer, director or
shareholder of such person or entity), or to the extent otherwise contrary to public
policy; (ii) waivers or advance consents that have the effect of waiving rights as to
the jurisdiction of courts, the venue of actions, the right to jury trial or, in
certain cases, notice; (iii) provisions that enumerated remedies are not exclusive or
that a party has the right to pursue multiple remedies without regard to other remedies
elected or that all remedies are cumulative; (iv) provisions that determinations by a
party or a party’s designee are conclusive; (v) provisions permitting modifications of
an agreement only in writing; and (vi) provisions that the provisions of an agreement
are severable;
	 
	 	(e)	 	We express no opinion as to the effect of provisions relating to attorneys
fees;
	 
	 	(f)	 	We express no opinion as to the effect of laws requiring mitigation of damages;
	 
	 	(g)	 	We express no opinion as to the possible unenforceability of provisions
permitting the exercise, under certain circumstances, of rights without notice or
without providing opportunity to cure failures to perform;
	 
	 	(h)	 	We express no opinion as to the possible unenforceability of any provision
contained in any of the Opinion Documents purporting to allow the holder to accelerate
the maturity of the indebtedness evidenced thereby without notice;
	 
	 	(i)	 	We express no opinion as to the possible unenforceability of any “usury savings
provisions” or any “fraudulent conveyance savings provisions” contained in any of the
Opinion Documents;
	 
	 	(j)	 	We express no opinion as to the validity, enforceability or effectiveness of
any claim for indemnification made against the Company arising out of, relating to, or
in connection with any alleged or actual securities law violations;
	 
	 
	 	(k)	 	We express no opinion as to the possible unenforceability of any provision for
the release or exculpation of, or indemnification of a party for its own gross
negligence, willful misconduct, recklessness, or other wrongful or reckless conduct;

 4 

 

	 	(l)	 	We express no opinion, with respect to the laws of any jurisdiction other than,
subject to constitutional limitations, the laws of the State of New York, as to the
effect and possible unenforceability of contractual provisions providing for choice of
governing law;
	 
	 	(m)	 	We express no opinion as to the possible unenforceability of any provision for
waiver of service of process or requiring acceptance of service of process in any
manner not authorized by applicable law, or requiring any party to make a voluntary
appearance in any action, suit or proceeding;
	 
	 	(n)	 	We express no opinion as to the possible unenforceability of any provision in
any of the Opinion Documents requiring the Company to perform exactly in the manner
directed;
	 
	 	(o)	 	We express no opinion as to the possible unenforceability of provisions
imposing increased interest rates or late payment charges upon delinquency in payment
or default, or providing for liquidated damages, or for premiums on prepayment,
acceleration, redemption, cancellation, or termination, to the extent any such
provisions are deemed to be penalties or forfeitures;
	 
	 	(p)	 	We express no opinion as to the possible unenforceability of provisions
regarding acceleration upon default, if the default is not a material default or if the
acceleration is not made by an unequivocal act of the holder evidencing acceleration,
such as notice to the debtor;
	 
	 	(q)	 	We express no opinion as to the possible unenforceability of provisions that
would permit declaration of a default based on representations or warranties that the
party declaring the default knew were false or incorrect based on information supplied
to the party declaring the default prior to closing;
	 
	 	(r)	 	We express no opinion as to the possible unenforceability of provisions that
provide that determinations by a party or a party’s designee are conclusive;
	 
	 	(s)	 	We express no opinion as to the possible unenforceability of provisions
concerning severance of prohibited, invalid or unenforceable provisions, which in each
case are subject to judicial discretion; and
	 
	 	(t)	 	We express no opinion as to the creation, perfection or priority of any
security interest purportedly granted by the Company in any Transaction Document, or as
to rights of set off, bankers’ lien, and the like.

     Any and all opinions rendered by this firm in this opinion letter are limited to the matters
expressly set forth hereinabove following the phrase “we are of the opinion that”; and no opinion
is implied or to be inferred beyond the matters expressly so stated. Without implying any
limitation upon the foregoing paragraph, the following matters, including their effects and the
effects of non-compliance, are not covered by implication or otherwise in this opinion letter,
unless coverage thereof is specifically addressed herein:

1. Laws, rules, or regulations of any county, municipality, or similar political subdivision or
any agency or instrumentality thereof;

2. Antitrust and unfair competition law;

3. Securities law;

 5 

 

4. Fiduciary obligations;

5. Pension and employee benefit law, e.g., ERISA;

6. Environmental law;

7. Zoning, land use, subdivision and other development laws;

8. Hart-Scott-Rodino, Exon-Florio and other similar laws;

9. Bulk transfer law;

10. Tax law;

11. Banking law;

12. Patent, copyright, trademark and other intellectual property law;

13. Racketeering law, e.g., RICO;

14. Criminal statutes of general application, e.g., mail fraud and wire fraud;

15. Corrupt practices law, including the Foreign Corrupt Practices Act of 1977;

16. Health and safety law, e.g., OSHA;

17. Labor law;

18. Law concerning national or local emergency;

19. The USA Patriot Act of 2001 (Public Law 107-156); and

20. Law concerning access by the disabled and building codes.

     The opinions expressed herein are limited to such internal laws of the States of Florida and
New York and such Federal law that, in each case, in our experience, is normally applicable to
transactions of the type contemplated by the Opinion Documents and to the parties thereto, without
our having made any special investigation concerning any other law, rule, or regulation
(“Applicable Law”).

     Our opinion on each legal issue addressed herein represents our judgment concerning how that
issue would be resolved were it to be considered by the highest court of the jurisdiction opinion
whose law our opinion on that issue is based. The manner in which any particular issue would be
treated in any actual court case would depend in part on facts and circumstances particular to the
case, and our opinions are not a guaranty of an outcome of any legal dispute which may arise with
respect to the Opinion Documents.

     Whenever an opinion or statement set forth in this opinion letter is qualified by the words
“to our knowledge,” “known to us” or other words of similar meaning, such reference shall mean only
the knowledge of those attorneys in our firm primarily responsible for our legal services relating
to the Transaction (the “Primary Lawyer Group”), and shall not refer to knowledge of any
other person in any way associated with this firm. Furthermore, such knowledge refers only to
matters of which the Primary Lawyer Group are consciously aware at the time of execution of this
opinion letter.

     The opinions expressed herein are as of the date hereof only, and we assume no obligation to
update or supplement such opinions to reflect any facts or circumstances that may hereafter come to
our attention, or any changes in law that may hereafter occur or become effective.

     The opinions set forth herein are rendered for the sole benefit of, and may be relied upon,
but only as of the date hereof, by you and any permitted assignee that becomes a party to the
Credit Agreement, but may not be relied upon by any other Person without our prior written consent.

 6 

 

	 	 	 	 	 
	 	Very truly yours,

HOLLAND & KNIGHT LLP

 	 
	 	  	/s/ Holland & Knight LLP
 	 
	 	 	 	 
	 	 	 	 
	 

 7 

 

HARRIS CORPORATION

			
	 
	Scott T. Mikuen
	 	Corporate Headquarters
	Vice President, Associate General Counsel and Corporate Secretary
	 	1025 W. NASA Blvd.

Melbourne, FL USA 32919

telephone: 321-727-9125

facsimile: 321-727-9616

e-mail: smikuen@harris.com

www.harris.com

September 10, 2008

SunTrust Bank, as Administrative Agent under the Credit Agreement (as defined below)

The Lenders party thereto

Re: Legal Opinion — Credit Facility in favor of Harris Corporation

Ladies and Gentlemen:

     I am Vice President, Associate General Counsel and Corporate Secretary of Harris Corporation,
a Delaware corporation (the “Company”), and have acted as counsel to the Company in
connection with the transactions contemplated by that certain Revolving Credit Agreement dated as
of September 10, 2008, by and among the Company, certain of the Company’s subsidiaries from time to
time, SunTrust Bank, as the Administrative Agent (the “Agent”), L/C Issuer, and Swingline
Lender, and the lenders party thereto from time to time (the “Lenders”) (referred to as the
“Credit Agreement”).

     The opinions expressed herein are furnished to you pursuant to Section 4.01(a)(v) of the
Credit Agreement. All capitalized terms used herein, unless otherwise defined herein, shall have
the respective meanings set forth in the Credit Agreement. The transactions contemplated by the
Credit Agreement are herein collectively referred to as the “Transaction.”

     In connection with rendering this opinion letter, I have examined and am relying upon executed
versions of the Credit Agreement and the Fee Letter (the “Opinion Documents”). The Opinion
Documents may not constitute all of the documents utilized in connection with the Transaction (all
such documents are referred to herein as the “Transaction Documents”). The opinions
expressed below relate solely to the Opinion Documents and not to any other documents that are
referred to in, incorporated by reference into, or listed as attachments, exhibits, or schedules to
any of the Opinion Documents.

     With respect to factual matters relevant to any opinion set forth in this opinion letter, I
have, with your approval, examined and relied upon, and have assumed the completeness and accuracy
of the representations and warranties made by all parties in the Opinion Documents. In rendering
the opinions set forth below, I have also assumed, with your approval, without independent
investigation or inquiry, (i) the genuineness of all signatures (other than the signature of the
Company on the Opinion Documents), (ii) the legal capacity of all natural persons executing
documents examined or relied upon by me, (iii) the authenticity of all documents submitted to me as
originals, (iv) the completeness and conformity to the original documents of all documents
submitted to me as certified, conformed, pdf, or photostatic copies, and (v) the authenticity of
originals of such copies.

 

 

     With your permission, I have further assumed, without investigation, that:

     1. Each party to the Transaction Documents, other than the Company, (i) has been duly
organized, and is validly existing and in good standing under the laws of its jurisdiction of
incorporation or charter, (ii) has full corporate, or equivalent power, and authority to execute
and deliver, and to perform its obligations under each of the Transaction Documents to which it is
a party, and to enter into the Transaction, (iii) has, by all necessary corporate or equivalent
action, duly authorized the execution and delivery of each of the Transaction Documents to which it
is a party, and (iv) has duly executed and delivered each of the Transaction Documents to which it
is a party;

     2. The execution, delivery and performance by the parties to the Transaction Documents,
other than the Company, do not violate their respective certificates of incorporation or
organization, by-laws, partnership agreements, trust agreements or other organizational documents
or any judgment, decree or order of any court or administrative tribunal applicable to any such
party;

     3. Each party to the Transaction Documents (other than the Company) has satisfied all legal
requirements that are applicable to such party to the extent necessary to make such Transaction
Document enforceable by or against such party;

     4. The parties to the Transaction Documents will (i) act in good faith and in a commercially
reasonable manner in the exercise of any rights or enforcement of any remedies under the
Transaction Documents, (ii) not engage in any conduct in the exercise of such rights or enforcement
of such remedies that would constitute other than fair dealing, and (iii) comply with all
requirements of applicable procedural and substantive law in exercising any rights or enforcing any
remedies under the Transaction Documents;

     5. All certificates, and all telegraphic and telephonic confirmations, given by public
officials or by third parties referred to herein have been properly given and are accurate; and

     6. The laws for which I am responsible in the rendering of the opinions contained herein are
published, accessible and generally available to lawyers practicing in Delaware, New York and
Florida, and no issue of unconstitutionality or invalidity of relevant laws exists unless a
reported case has so held or lawyers practicing in such states would so conclude on the basis of
reported cases.

     All assumptions stated in this opinion letter are made with your permission and without
investigation, computation or other action on my part to confirm the validity of any such
assumptions. To the extent that any of such assumptions are not true, the same are made
hypothetically to permit the rendering of this opinion letter. However, I have no knowledge of the
inaccuracy of any of the assumptions set forth in this opinion letter.

     The term “laws” as used in this opinion letter means the constitution and each of the
statutes, judicial and administrative decisions, and rules and regulations of governmental agencies
of the relevant jurisdiction, except to the extent that the context in which such term is used
limits or makes more specific such meaning.

 2 

 

     Subject to the assumptions, exceptions and qualifications set forth in this opinion letter, I
am of the opinion that:

     1. The Company is a corporation validly existing and in corporate good standing under the laws of
the State of Delaware. The Company has the corporate power and authority to own and operate (or
lease, as the case may be) its properties and to carry on its business as it is now conducted. The
Company is (i) authorized to do business in the State of New York and is in corporate good standing
in such State, (ii) authorized to transact business in the State of Florida, and its status in such
State such is active, and (iii) authorized to transact business in the State of Virginia and is
corporate good standing in such State. The opinions set forth in the prior sentence are given
solely in reliance on the public certificates furnished by each of the listed jurisdictions (copies
of which are attached hereto as Exhibit “A”) and are limited to the meanings set forth
therein.

     2. The Company has all Federal, New York and Florida governmental licenses, authorizations,
and approvals required to own and operate (or lease, as the case may be) its properties and to
carry on its business as now conducted, except for those licenses, authorizations, and approvals
which the failure to obtain would not reasonably be expected to result in a Material Adverse
Effect.

     3. The Company has the corporate power and authority to enter into and perform the Opinion
Documents, and has taken all necessary corporate action to authorize the execution, delivery, and
performance of the Loan Documents. The Company has duly executed and delivered the Opinion
Documents.

     4. No authorization, consent, approval, license, exemption of, or filing or registration with,
any Governmental Authority by or on behalf of the Company is required under Applicable Law to make
valid and legally binding the execution and delivery by the Company of the Opinion Documents and
the performance by the Company of the payment obligations therein.

     5. The execution and delivery by the Company of, and the performance by the Company of its
obligations under, the Opinion Documents will not (i) violate or be in conflict with any provision
of the certificate of incorporation or by-laws of the Company, (ii) violate or contravene any
judgment, decree, injunction, writ, or order of any court, or any arbitrator or other Governmental
Authority, having jurisdiction over the Company or the Company’s properties or by which the Company
may be bound, or (iii) require authorization, consent, or approval pursuant to, violate, or
constitute a default under or result in the termination of, or accelerate the performance required
by, any material indenture, loan or credit agreement, or other agreement for borrowed money, or any
other material agreement, lease, or instrument to which the Company is a party or by which the
Company or its properties may be bound, or result in the creation of any Lien upon any of the
assets or properties of the Company (other than pursuant to set-off rights and other Liens under
the Opinion Documents).

     6. Except as set forth in Schedule 5.06 to the Credit Agreement, there is no pending or, to
my knowledge, threatened, action or proceeding affecting the Company or any of its Subsidiaries
before any court, governmental agency, or arbitrator, which would reasonably be expected to have a
Material Adverse Effect.

 3 

 

     Any and all opinions rendered by me in this opinion letter are limited to the matters
expressly set forth hereinabove following the phrase “I am of the opinion that”; and no opinion is
implied or to be inferred beyond the matters expressly so stated.

     Without implying any limitation upon the foregoing paragraph, the following matters, including
their effects and the effects of non-compliance, are not covered by implication or otherwise in
this opinion letter, unless coverage thereof is specifically addressed herein:

	 	(1)	 	Laws, rules, or regulations of any county, municipality, or similar political
subdivision or any agency or instrumentality thereof;
	 
	 	(2)	 	Antitrust and unfair competition law;
	 
	 	(3)	 	Securities law;
	 
	 	(4)	 	Fiduciary obligations;
	 
	 	(5)	 	Pension and employee benefit law, e.g., ERISA;
	 
	 	(6)	 	Environmental law;
	 
	 	(7)	 	Zoning, land use, subdivision and other development laws;
	 
	 	(8)	 	Hart-Scott-Rodino, Exon-Florio and other similar laws;
	 
	 	(9)	 	Bulk transfer law;
	 
	 	(10)	 	Tax law;
	 
	 	(11)	 	Usury law;
	 
	 	(12)	 	Banking law;
	 
	 	(13)	 	Patent, copyright, trademark and other intellectual property law;
	 
	 	(14)	 	Racketeering law, e.g., RICO;
	 
	 	(15)	 	Criminal statutes of general application, e.g., mail fraud and wire fraud;
	 
	 	(16)	 	Corrupt practices law, including the Foreign Corrupt Practices Act of 1977;
	 
	 	(17)	 	Health and safety law, e.g., OSHA;
	 
	 	(18)	 	Labor law;
	 
	 	(19)	 	Law concerning national or local emergency;
	 
	 	(20)	 	The USA Patriot Act of 2001 (Public Law 107-156);
	 
	 	(21)	 	Law concerning access by the disabled and building codes; and

 4 

 

	 	(22)	 	Law concerning the creation, perfection or priority interest of any Lien
purportedly granted by the Company pursuant to any Transaction Document.

     The opinions expressed herein are limited to (i) such internal laws of the States of Florida
and New York and such Federal law that, in each case, in my experience, is normally applicable to
transactions of the type contemplated by the Opinion Documents and to the parties thereto, without
my having made any special investigation concerning any other law, rule, or regulation
(“Applicable Law”), and (ii) the General Corporation Law of the State of Delaware as in
effect on the date hereof (with respect to the due incorporation, valid existence, good standing,
corporate power and authority of the Company). My review of the Delaware General Corporation Law
is limited to such provisions as I have deemed appropriate in connection with the opinions
expressed herein and is without regard to judicial interpretations thereof or any regulations
thereunder, or any other laws of the State of Delaware.

     My opinion on each legal issue addressed herein represents my judgment concerning how that
issue would be resolved were it to be considered by the highest court of the jurisdiction opinion
whose law our opinion on that issue is based. The manner in which any particular issue would be
treated in any actual court case would depend in part on facts and circumstances particular to the
case, and my opinions are not a guaranty of an outcome of any legal dispute which may arise with
respect to the Opinion Documents.

     The opinions expressed herein are as of the date hereof only, and I assume no obligation to
update or supplement such opinions to reflect any facts or circumstances that may hereafter come to
my attention or any changes in law that may hereafter occur or become effective.

     The opinions set forth herein are rendered for the sole benefit of, and may be relied upon but
only as of the date hereof, by you and any permitted assignee that becomes a party to the Credit
Agreement, but may not be relied upon by any other Person without my prior written consent.

	 	 	 	 	 
	 	Very truly yours,

 	 
	 	/s/ Scott T. Mikuen
 	 
	 	Scott T. Mikuen 	 
	 	Vice President, Associate General Counsel

and Corporate Secretary 	 
	 

Exhibit A – Certificates of Good Standing and Status

 5

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