Document:

EX-4.B

 

Exhibit 4(b)

EXECUTION COPY

FIRST AMENDMENT

     FIRST AMENDMENT, dated as of April 10, 2007 (this “First Amendment”), to the Amended
and Restated Credit Agreement, dated as of February 7, 2007 (the “Credit Agreement”), among
The Scotts Miracle-Gro Company, an Ohio corporation (the “Borrower”), the Subsidiary
Borrowers (as defined in the Credit Agreement) from time to time parties to the Credit Agreement
(the “Subsidiary Borrowers”), the several banks and other financial institutions and
entities from time to time parties to the Credit Agreement (the “Lenders”), the Syndication
Agent and the Documentation Agents named therein, and JPMorgan Chase Bank, N.A., as agent for the
Lenders (in such capacity, the “Administrative Agent”).

W I T N E S S E T H :

          WHEREAS, the Borrower has requested that the Credit Agreement be amended as provided herein;

          WHEREAS, the Lenders and the Administrative Agent are willing to agree to such amendments to
the Credit Agreement, subject to the terms and conditions set forth herein;

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

     1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein
shall have the respective meanings assigned to them in the Credit Agreement.

     2. Amendments to Subsection 1.1 (Definitions). The definition of “Receivables
Purchase Facility” and “Sold Receivables” in subsection 1.1 of the Credit Agreement are hereby
amended by deleting each such definition in its entirety and inserting in lieu thereof the
following new definitions:

     “Receivables Purchase Facility” shall mean any Receivables purchase facility
entered into in connection with any Receivables discounting, factoring or securitization
arrangement with terms and conditions reasonably satisfactory to the Administrative Agent
and pursuant to which the Borrower or any Subsidiary of the Borrower may sell, convey or
otherwise transfer to a Receivables Subsidiary or any other Person, or may grant a security
interest in, any Sold Receivables, or pursuant to which ownership interests in, or notes,
commercial paper, certificates or other debt instruments may be secured by Sold Receivables.

     “Sold Receivables” shall mean Receivables originated by the Borrower or its
Subsidiaries (including any related assets) sold to a Receivables Subsidiary or any other
Person pursuant to any Receivables Purchase Facility.

     3. Amendments to Subsection 7.2 (Limitation on Contingent Obligations). Subsection
7.2 of the Credit Agreement is hereby amended by (a) renumbering subclauses (iv), (v), (vi), (vii),
(viii) and (ix) as new subclauses (v), (vi), (vii), (viii), (ix) and (x), respectively, and (b) by
inserting the following new subclause (iv):

     ”(iv) guarantees by the Borrower in connection with any Receivables Purchase Facility,”

 

 

     4. Representations and Warranties. On and as of the date hereof, and after giving
effect to this First Amendment, each of the Borrower and the Subsidiary Borrowers hereby confirms,
reaffirms and restates the representations and warranties set forth in Section 4 of the Credit
Agreement mutatis mutandis, and to the extent that such representations and
warranties expressly relate to a specific earlier date in which case it hereby confirms, reaffirms
and restates such representations and warranties as of such earlier date.

     5. Conditions to Effectiveness. This First Amendment shall become effective as of the
date set forth above upon the receipt by the Administrative Agent of counterparts of this First
Amendment, duly executed and delivered by the Administrative Agent, the Borrower, each Subsidiary
Borrower and the Required Lenders.

     6. Continuing Effect; No Other Amendments. Except as expressly amended or waived
hereby, all of the terms and provisions of the Credit Agreement are and shall remain in full force
and effect. The amendments provided for herein are limited to the specific subsections of the
Credit Agreement specified herein and shall not constitute an amendment of, or an indication of any
Lender’s willingness to amend or waive, any other provisions of the Credit Agreement or the same
subsections for any other date or time period (whether or not other provisions or compliance with
such subsections for another date or time period are affected by the circumstances addressed in
this First Amendment).

     7. Expenses. The Borrower agrees to pay and reimburse the Administrative Agent for
all its reasonable costs and expenses incurred in connection with the preparation and delivery of
this First Amendment, including, without limitation the reasonable fees and disbursements of
counsel to the Administrative Agent.

     8. GOVERNING LAW. THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     9. Counterparts. This First Amendment may be executed by the parties hereto in any
number of separate counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

2

 

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

	 	 	 	 	 
	 	 	THE SCOTTS MIRACLE-GRO COMPANY
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	Title:
	 	Executive Vice President and Chief Financial
	 

	 	 	 	Officer
	 
	 	 	 	 
	 	 	HYPONEX CORPORATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	Title:
	 	Executive Vice President and Chief Financial

	 

	 	 	 	Officer
	 
	 	 	 	 
	 	 	SCOTTS AUSTRALIA PTY. LTD.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	Name:
	 	Edward R. Claggett
	 

	 	Title:
	 	Director
	 
	 	 	 	 
	 	 	SCOTTS CANADA LTD.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	Name:
	 	Edward R. Claggett
	 

	 	Title:
	 	Vice President and Assistant Secretary
	 
	 	 	 	 
	 	 	SCOTTS HOLDINGS LIMITED
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	Name:
	 	Edward R. Claggett
	 

	 	Title:
	 	Director

Signature Page to First Amendment

 

 

	 	 	 	 	 
	 	 	SCOTTS MANUFACTURING COMPANY
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	Title:
	 	Executive Vice President and Chief Financial

	 

	 	 	 	Officer
	 
	 	 	 	 
	 	 	EG SYSTEMS, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	Title:
	 	Executive Vice President and Chief Financial

	 

	 	 	 	Officer
	 
	 	 	 	 
	 	 	SCOTTS TEMECULA OPERATIONS, LLC
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	Name:
	 	Edward R. Claggett
	 

	 	Title:
	 	Vice President and Assistant Secretary
	 
	 	 	 	 
	 	 	THE SCOTTS COMPANY (UK) LTD.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	Name:
	 	Edward R. Claggett
	 

	 	Title:
	 	Director
	 
	 	 	 	 
	 	 	SCOTTS TREASURY EEIG
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	Name:
	 	Edward R. Claggett
	 

	 	Title:
	 	Authorized Signatory
	 
	 	 	 	 
	 	 	THE SCOTTS COMPANY LLC
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	Title:
	 	Executive Vice President and Chief Financial

	 

	 	 	 	Officer

Signature Page to First Amendment

 

 

	 	 	 	 	 
	 	 	SMITH & HAWKEN, LTD.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	Title:
	 	Executive Vice President
	 
	 	 	 	 
	 	 	SMG GROWING MEDIA, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial

	 

	 	 	 	Officer
	 
	 	 	 	 
	 	 	GUTWEIN & CO., INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	Name:
	 	David C. Evans
	 

	 	Title:
	 	Executive Vice President and Chief Financial

	 

	 	 	 	Officer

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, as Administrative Agent

and as a Lender
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Randolph Cates
	 

	 	 	 	 
	 

	 	Name:
	 	Randolph Cates
	 

	 	Title:
	 	Executive Director

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	General Electric Capital Corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Dwayne Coker
	 

	 	 	 	 
	 

	 	Name:
	 	Dwayne Coker
	 

	 	Title:
	 	Duly Authorized Signatory

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	U.S. Bank National Association
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jason Nadler
	 

	 	 	 	 
	 

	 	Name:
	 	Jason Nadler
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	Commerzbank AG, New York and Grand Cayman

Branches
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Al Morrow
	 

	 	 	 	 
	 

	 	Name:
	 	Al Morrow
	 

	 	Title:
	 	Assistant Vice President
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John Marlatt
	 

	 	 	 	 
	 

	 	Name:
	 	John Marlatt
	 

	 	Title:
	 	Senior Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	The Bank of New York
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Kenneth R. McDonnell
	 

	 	 	 	 
	 

	 	Name:
	 	Kenneth R. McDonnell
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	Comerica Bank
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Scott M. Kowalski
	 

	 	 	 	 
	 

	 	Name:
	 	Scott M. Kowalski
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	Bank of Montreal
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Ben Ciallella
	 

	 	 	 	 
	 

	 	Name:
	 	Ben Ciallella
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	BMO Capital Markets Financing, Inc.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jennifer A. Wendrow
	 

	 	 	 	 
	 

	 	Name:
	 	Jennifer A. Wendrow
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	FORTIS CAPITAL CORP.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ John W. Deegan
	 

	 	 	 	 
	 

	 	Name:
	 	John W. Deegan
	 

	 	Title:
	 	Senior Vice President
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Stephanie Babich-Allegra
	 

	 	 	 	 
	 

	 	Name:
	 	Stephanie Babich-Allegra
	 

	 	Title:
	 	Senior Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	CITICORP NORTH AMERICA, INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Michelle Seguin
	 

	 	 	 	 
	 

	 	Name:
	 	Michelle Seguin
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	National City Bank
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Thomas E. Redmond
	 

	 	 	 	 
	 

	 	Name:
	 	Thomas E. Redmond
	 

	 	Title:
	 	Senior Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	PEOPLE’S BANK
	 
	 	 	 	 
	 

	 	By:
	 	/s/ George F. Paik
	 

	 	 	 	 
	 

	 	Name:
	 	George F. Paik
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	THE NORTHERN TRUST COMPANY
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Jeffrey P. Sullivan
	 

	 	 	 	 
	 

	 	Name:
	 	Jeffrey P. Sullivan
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	LASALLE BANK NATIONAL ASSOCIATION
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Ted Lape
	 

	 	 	 	 
	 

	 	Name:

Title:
	 	Ted Lape

Senior Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	BAYERISCHE LANDESBANK, New York Branch
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Edward J. Cripps
	 

	 	 	 	 
	 

	 	Name:
	 	Edward J. Cripps
	 

	 	Title:
	 	Vice President
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Christopher Dowd
	 

	 	 	 	 
	 

	 	Name:
	 	Christopher Dowd
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	Sumitomo Mitsui Banking Corporation
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Yoshihiro Hyakutome
	 

	 	 	 	 
	 

	 	Name:
	 	Yoshihiro Hyakutome
	 

	 	Title:
	 	General Manager

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	Mizuho Corporate Bank
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Leon Mo
	 

	 	 	 	 
	 

	 	Name:
	 	Leon Mo
	 

	 	Title:
	 	Senior Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	TD BANKNORTH, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Charles A. Walker SVP
	 

	 	 	 	 
	 

	 	Name:
	 	Charles A. Walker
	 

	 	Title:
	 	Senior Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	CITIZENS BANK OF PENNSYLVANIA
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Clifford A. Mull
	 

	 	 	 	 
	 

	 	Name:
	 	Clifford A. Mull
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York

Branch
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Maria Ferradas
	 

	 	 	 	 
	 

	 	Name:
	 	Maria Ferradas
	 

	 	Title:
	 	Authorized Signatory

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	CoBank, ACB
	 
	 	 	 	 
	 

	 	By:
	 	/s/ S. Richard Dill
	 

	 	 	 	 
	 

	 	Name:
	 	S. Richard Dill
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	BNP Paribas
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Richard Broeren
	 

	 	 	 	 
	 

	 	Name:

Title:
	 	Richard Broeren

Managing Director
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Curtis Price
	 

	 	 	 	 
	 

	 	Name:
	 	Curtis Price
	 

	 	Title:
	 	Managing Director

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David Catherall
	 

	 	 	 	 
	 

	 	Name:
	 	David Catherall
	 

	 	Title:
	 	Senior Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	Fifth Third Bank
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Brent M. Jackson
	 

	 	 	 	 
	 

	 	Name:
	 	Brent M. Jackson
	 

	 	Title:
	 	Vice President

Signature Page to First Amendment

 

 

Signature Page to the First Amendment to

The Scotts Miracle-Gro Company

Amended and Restated Credit Agreement

	 	 	 	 	 
	 	 	CALYON NEW YORK BRANCH
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Blake Wright
	 

	 	 	 	 
	 

	 	Name:
	 	Blake Wright
	 

	 	Title:
	 	Managing Director
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Joseph Philbin
	 

	 	 	 	 
	 

	 	Name:
	 	Joseph Philbin
	 

	 	Title:
	 	Director

Signature
Page to First AmendmentEX-4.C

 

Exhibit 4(c)

AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT

made by

THE SCOTTS MIRACLE-GRO COMPANY,

EACH DOMESTIC SUBSIDIARY BORROWER

and certain of their Domestic Subsidiaries

in favor of

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

Dated as of February 7, 2007

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	SECTION
1.
	 	DEFINED TERMS	 	 	3	 
	 
	 	 	 	 	 	 
	1.1.
	 	Definitions	 	 	3	 
	1.2.
	 	Other Definitional Provisions	 	 	6	 
	 
	 	 	 	 	 	 
	SECTION 2.
	 	BORROWER GUARANTEE	 	 	6	 
	 
	 	 	 	 	 	 
	2.1.
	 	Borrower Guarantee	 	 	6	 
	2.2.
	 	No Subrogation	 	 	7	 
	2.3.
	 	Amendments, etc. with respect to the Subsidiary Borrower Obligations	 	 	7	 
	2.4.
	 	Guarantee Absolute and Unconditional	 	 	7	 
	2.5.
	 	Reinstatement	 	 	8	 
	2.6.
	 	Payments	 	 	8	 
	 
	 	 	 	 	 	 
	SECTION 3.
	 	DOMESTIC SUBSIDIARY GUARANTEE	 	 	8	 
	 
	 	 	 	 	 	 
	3.1.
	 	Domestic Subsidiary Guarantee	 	 	8	 
	3.2.
	 	Right of Contribution	 	 	9	 
	3.3.
	 	No Subrogation	 	 	9	 
	3.4.
	 	Amendments, etc. with respect to the Borrower Obligations and the	 	 	 	 
	 
	 	Borrower’s Guarantor Obligations	 	 	10	 
	3.5.
	 	Guarantees Absolute and Unconditional	 	 	10	 
	3.6.
	 	Reinstatement	 	 	11	 
	3.7.
	 	Payments	 	 	11	 
	 
	 	 	 	 	 	 
	SECTION 4.
	 	GRANT OF SECURITY INTEREST	 	 	11	 
	 
	 	 	 	 	 	 
	SECTION 5.
	 	REPRESENTATIONS AND WARRANTIES	 	 	12	 
	 
	 	 	 	 	 	 
	5.1.
	 	Title; No Other Liens	 	 	12	 
	5.2.
	 	Perfected First Priority Liens	 	 	12	 
	5.3.
	 	Jurisdiction of Organization	 	 	12	 
	5.4.
	 	Domestic Subsidiaries	 	 	13	 
	5.5.
	 	Pledged Stock	 	 	13	 
	5.6.
	 	Receivables	 	 	13	 
	 
	 	 	 	 	 	 
	SECTION 6.
	 	COVENANTS	 	 	13	 
	 
	 	 	 	 	 	 
	6.1.
	 	Delivery of Certificated Securities	 	 	13	 
	6.2.
	 	Maintenance of Insurance	 	 	13	 
	6.3.
	 	Payment of Obligations	 	 	14	 
	6.4.
	 	Maintenance of Perfected Security Interest; Further Documentation	 	 	14	 
	6.5.
	 	Notices	 	 	14	 
	6.6.
	 	Pledged Stock	 	 	14	 
	6.7.
	 	Receivables	 	 	15	 
	 
	 	 	 	 	 	 
	SECTION 7.
	 	REMEDIAL PROVISIONS	 	 	16	 

 

2

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	7.1.
	 	Certain Matters Relating to Receivables	 	 	16	 
	7.2.
	 	Communications with Obligors; Grantors Remain Liable	 	 	16	 
	7.3.
	 	Pledged Stock	 	 	17	 
	7.4.
	 	Proceeds to be Turned Over To Administrative Agent	 	 	18	 
	7.5.
	 	Application of Proceeds	 	 	18	 
	7.6.
	 	Code and Other Remedies	 	 	18	 
	7.7.
	 	Registration Rights	 	 	19	 
	7.8.
	 	Deficiency	 	 	20	 
	 
	 	 	 	 	 	 
	SECTION
8.
	 	THE ADMINISTRATIVE AGENT	 	 	20	 
	 
	 	 	 	 	 	 
	8.1.
	 	Administrative Agent’s Appointment as Attorney-in-Fact, etc	 	 	20	 
	8.2.
	 	Duty of Administrative Agent	 	 	21	 
	8.3.
	 	Execution of Financing Statements	 	 	22	 
	8.4.
	 	Authority of Administrative Agent	 	 	22	 
	 
	 	 	 	 	 	 
	SECTION
9.
	 	MISCELLANEOUS	 	 	22	 
	 
	 	 	 	 	 	 
	9.1.
	 	Amendments in Writing	 	 	22	 
	9.2.
	 	Notices	 	 	22	 
	9.3.
	 	No Waiver by Course of Conduct; Cumulative Remedies	 	 	22	 
	9.4.
	 	Enforcement Expenses; Indemnification	 	 	23	 
	9.5.
	 	Successors and Assigns	 	 	23	 
	9.6.
	 	Set-Off	 	 	23	 
	9.7.
	 	Counterparts	 	 	24	 
	9.8.
	 	Severability	 	 	24	 
	9.9.
	 	Section Headings	 	 	24	 
	9.10.
	 	Integration	 	 	24	 
	9.11.
	 	GOVERNING LAW	 	 	24	 
	9.12.
	 	Submission To Jurisdiction; Waivers	 	 	24	 
	9.13.
	 	Acknowledgments	 	 	24	 
	9.14.
	 	Additional Grantors	 	 	25	 
	9.15.
	 	Releases; Reinstatement	 	 	25	 
	9.16.
	 	Conflict of Laws	 	 	26	 
	9.17.
	 	WAIVER OF JURY TRIAL	 	 	26	 

	 	 	 
	SCHEDULES	 	 
	 
	Schedule 1

	 	Notice Addresses of Guarantors
	Schedule 2

	 	Description of Pledged Stock
	Schedule 3

	 	Jurisdiction of Incorporation
	Schedule 4

	 	Domestic Subsidiaries

 

 

3

     THIS AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT, dated as of February 7, 2007
made by each of the signatories hereto (together with any other entity that may become a party
hereto as provided herein, the “Grantors”), in favor of JPMORGAN CHASE BANK, N.A., as
Administrative Agent (in such capacity, the “Administrative Agent”) for the banks and other
financial institutions (the “Lenders”) from time to time parties to the Amended and
Restated Credit Agreement, dated as of February 7, 2007 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among THE SCOTTS MIRACLE-GRO COMPANY,
an Ohio corporation (the “Borrower”), the Subsidiary Borrowers, (as defined in the Credit
Agreement) from time to time parties to the Credit Agreement, the Syndication Agent and the
Documentation Agents named therein and the Administrative Agent.

W I
T N E S S E T H:

     WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make
extensions of credit to the Borrower and the Subsidiary Borrowers upon the terms and subject to the
conditions set forth therein;

     WHEREAS, the Borrower and each Subsidiary Borrower is a member of an affiliated group of
companies that includes each other Grantor;

     WHEREAS, the proceeds of the extensions of credit under the Credit Agreement will be used in
part to enable the Borrower and each Subsidiary Borrower to make valuable transfers to one or more
of the other Grantors in connection with the operation of their respective businesses;

     WHEREAS, the Borrower, each Subsidiary Borrower and the other Grantors are engaged in related
businesses, and each Grantor will derive substantial direct and indirect benefit from the making of
the extensions of credit under the Credit Agreement; and

     WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective
extensions of credit to the Borrower and any Subsidiary Borrower under the Credit Agreement that
the Grantors shall have executed and delivered this Agreement to the Administrative Agent for the
ratable benefit of the Secured Parties;

     NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent and
the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the Borrower and each Subsidiary Borrower thereunder, each Grantor hereby
agrees with the Administrative Agent, for the ratable benefit of the Secured Parties, as follows:

     SECTION 1. DEFINED TERMS

     1.1. Definitions(a) Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement and the
following terms are used herein as defined in the New York UCC: Accounts, Certificated Security,
Chattel Paper, Equipment, Inventory, Instruments and Supporting Obligations.

     (b) The following terms shall have the following meanings:

     “Agreement”: this Amended and Restated Guarantee and Collateral Agreement, as
the same may be amended, supplemented or otherwise modified from time to time.

 

4

     “Borrower Obligations”: the collective reference to the unpaid principal of and
interest on the Loans and Reimbursement Obligations and all other obligations and
liabilities of the Borrower (including, without limitation, interest accruing at the then
applicable rate provided in the Credit Agreement after the maturity of the Loans and
Reimbursement Obligations and interest accruing at the then applicable rate provided in the
Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a
claim for post-filing or post-petition interest is allowed in such proceeding) to the
Administrative Agent or any Lender (or, in the case of any Lender Hedging Agreement or
Lender Cash Management Agreement, any Affiliate of any Lender), whether direct or indirect,
absolute or contingent, due or to become due, or now existing or hereafter incurred, which
may arise under, out of, or in connection with, the Credit Agreement, this Agreement, the
other Loan Documents, any Letter of Credit, any Lender Hedging Agreement, any Lender Cash
Management Agreement or any other document made, delivered or given in connection with any
of the foregoing, in each case whether on account of principal, interest, reimbursement
obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation,
all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are
required to be paid by the Borrower pursuant to the terms of any of the foregoing
agreements).

     “Borrower’s Guarantor Obligations”: without duplicating any Borrower
Obligations, all obligations and liabilities of the Borrower which may arise under or in
connection with this Agreement (including, without limitation, Section 2) or any other Loan
Document to which the Borrower is a party, whether on account of guarantee obligations,
reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including,
without limitation, all fees and disbursements of counsel to the Administrative Agent or to
the Lenders that are required to be paid by the Borrower pursuant to the terms of this
Agreement or any other Loan Document).

     “Capital Stock Security Period”: as defined in Section 9.15(d).

     “Collateral”: as defined in Section 4.

     “Foreign Subsidiary”: any Subsidiary organized under the laws of any
jurisdiction outside the United States of America, except for any such Subsidiary which is a
“check-the-box” entity under Regulation section 301.7701-3 of the Code.

     “Foreign Subsidiary Voting Stock”: the voting Capital Stock of any Foreign
Subsidiary.

     “Full Security Period”: any period from and after the Closing Date other than
any Unsecured Period or Capital Stock Security Period.

     “Guarantor Obligations”: with respect to any Guarantor, without duplicating
any Subsidiary Borrower Obligations, all obligations and liabilities of such Guarantor which
may arise under or in connection with this Agreement (including, without limitation, Section
3) or any other Loan Document to which such Guarantor is a party, in each case whether on
account of guarantee obligations, reimbursement obligations, fees, indemnities, costs,
expenses or otherwise (including, without limitation, all fees and disbursements of counsel
to the Administrative Agent or to the Lenders that are required to be paid by such Guarantor
pursuant to the terms of this Agreement or any other Loan Document).

 

5

     “Guarantors”: the collective reference to each Grantor other than the
Borrower. For the avoidance of doubt, notwithstanding any other provision of this
Agreement, the parties hereto expressly agree that no Foreign Subsidiary shall be a
Guarantor.

     “Issuers”: the collective reference to each issuer of any Pledged Stock.

     “Leverage Release Date”: as defined in Section 9.15(d).

     “New York UCC”: the Uniform Commercial Code as from time to time in effect in
the State of New York.

     “Obligations”: (i) in the case of the Borrower, the Borrower Obligations and
the Borrower’s Guarantor Obligations, (ii) in the case of each Guarantor which is also a
Domestic Subsidiary Borrower, its Subsidiary Borrower Obligations, and (iii) in the case of
each Guarantor (whether or not a Domestic Subsidiary Borrower), its Guarantor Obligations.

     “Pledged Stock”: the shares of Capital Stock listed on Schedule 2,
together with any other shares, stock certificates, options or rights of any nature
whatsoever in respect of the Capital Stock of any Subsidiary of the Borrower (to the extent
required to be pledged under Section 6.11 of the Credit Agreement) that may be issued or
granted to, or held by, any Grantor while this Agreement is in effect; provided that
in no event shall more than 65% of the total outstanding Foreign Subsidiary Voting Stock of
any Foreign Subsidiary be required to be pledged hereunder; provided further
that the shares of Capital Stock of Scotts Australia Pty Limited (the “Scotts Australia
Shares”) shall not constitute Pledged Stock at any time when the 2005 Equitable Share
Mortgage made by Scotts-Sierra Investments, Inc. in favor of JPMCB (or any such successor
Foreign Pledge Agreement entered into in respect of the Scotts Australia Shares for the
benefit of the Secured Parties) shall be in effect.

     “Proceeds”: all “proceeds” as such term is defined in Section 9-102(a)(64) of
the New York UCC and, in any event, shall include, without limitation, all dividends or
other income from the Pledged Stock, collections thereon or distributions or payments with
respect thereto.

     “Ratings Release Date”: as defined in Section 9.15(c).

     “Receivable”: shall mean any Account and any other right to payment for goods
sold or leased or for services rendered, whether or not such right is evidenced by an
Instrument or Chattel Paper and whether or not it has been earned by performance, other than
Sold Receivables.

     “Secured Parties”: the collective reference to the Administrative Agent, the
Lenders and any Affiliate of any Lender to which Borrower Obligations or Guarantor
Obligations, as applicable, are owed.

     “Securities Act”: the Securities Act of 1933, as amended.

     “Subsidiary Borrower Obligations”: with respect to each Subsidiary Borrower,
without duplicating any Guarantor Obligations, the collective reference to the unpaid
principal of and interest on the Loans and all other obligations and liabilities of such
Subsidiary Borrower (including, without limitation, interest accruing at the then applicable
rate provided in the Credit Agreement after the maturity of the Loans and interest accruing
at the then applicable rate provided in the Credit Agreement after the filing of any
petition in bankruptcy, or the commencement of any insolvency, reorganization or like
proceeding, relating to such Subsidiary

 

6

Borrower, whether or not a claim for post-filing or post-petition interest is allowed
in such proceeding) to the Administrative Agent or any Lender (or, in the case of any Lender
Hedge Agreement or Lender Cash Management Agreement, any Affiliate of any Lender), whether
direct or indirect, absolute or contingent, due or to become due, or now existing or
hereafter incurred, which may arise under, out of, or in connection with, the Credit
Agreement, this Agreement, the other Loan Documents, any Letter of Credit, any Lender
Hedging Agreement, any Lender Cash Management Agreement or any other document made,
delivered or given in connection with any of the foregoing, in each case whether on account
of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or
otherwise (including, without limitation, all fees and disbursements of counsel to the
Administrative Agent or to the Lenders that are required to be paid by such Subsidiary
Borrower pursuant to the terms of any of the foregoing agreements).

“Unsecured Period”: as defined in Section 9.15(c).

     1.2. Other Definitional Provisions(a) The words “hereof,” “herein”, “hereto” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement
as a whole and not to any particular provision of this Agreement, and Section and Schedule
references are to this Agreement unless otherwise specified.

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

     (b) Where the context requires, terms relating to the Collateral or any part thereof, when
used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part
thereof.

     SECTION 2. BORROWER GUARANTEE

     2.1. Borrower Guarantee(a) The Borrower hereby, unconditionally and irrevocably,
guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and their
respective successors, indorsees, transferees and assigns, the prompt and complete payment and
performance by each Subsidiary Borrower when due (whether at the stated maturity, by acceleration
or otherwise) of its Subsidiary Borrower Obligations.

     (b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum
liability of the Borrower hereunder and under the other Loan Documents shall in no event exceed the
amount which can be guaranteed by the Borrower under applicable federal and state laws relating to
the insolvency of debtors.

     (c) The guarantee contained in this Section 2 shall remain in full force and effect until all
the Subsidiary Borrower Obligations and the obligations of the Borrower under the guarantee
contained in this Section 2 shall have been satisfied by payment in full, no Letter of Credit shall
be outstanding and the Commitments and Loans shall be terminated, notwithstanding that from time to
time during the term of the Credit Agreement each Subsidiary Borrower may be free from any
Subsidiary Borrower Obligations.

     (d) No payment made by any Subsidiary Borrower, any of the other Guarantors, any other
guarantor or any other Person or received or collected by the Administrative Agent or any Lender
from any Subsidiary Borrower, any of the other Guarantors, any other guarantor or any other Person
by
virtue of any action or proceeding or any set-off or appropriation or application at any time
or from time to time in reduction of or in payment of the Subsidiary Borrower Obligations shall be
deemed to modify, reduce, release or otherwise affect the liability of the Borrower hereunder which
shall, notwithstanding

 

7

any such payment (other than any payment made by the Borrower in respect of
the Subsidiary Borrower Obligations or any payment received or collected from the Borrower in
respect of the Subsidiary Borrower Obligations), remain liable for the Subsidiary Borrower
Obligations up to the maximum liability of the Borrower hereunder until the Subsidiary Borrower
Obligations are paid in full, no Letter of Credit shall be outstanding and the Commitments are
terminated.

     2.2. No Subrogation. Notwithstanding any payment or payments made by the Borrower
hereunder, or any set-off or application of funds of the Borrower by the Administrative Agent or
any Lender, the Borrower shall not be entitled to be subrogated to any of the rights of the
Administrative Agent or any Lender against the Subsidiary Borrowers or against any collateral
security or guarantee or right of offset held by the Administrative Agent or any Lender for the
payment of the Subsidiary Borrower Obligations, nor shall the Borrower seek or be entitled to seek
any contribution or reimbursement from the Subsidiary Borrowers in respect of payments made by the
Borrower hereunder, until all amounts owing to the Administrative Agent and the Lenders by the
Subsidiary Borrowers on account of the Subsidiary Borrower Obligations are paid in full and the
Commitments and Loans are terminated. If any amount shall be paid to the Borrower on account of
such subrogation rights at any time when all of the Subsidiary Borrower Obligations shall not have
been paid in full, such amount shall be held by the Borrower in trust for the Administrative Agent
and the Lenders, segregated from other funds of the Borrower, and shall, forthwith upon receipt by
the Borrower, be turned over to the Administrative Agent in the exact form received by the Borrower
(duly indorsed by the Borrower to the Administrative Agent, if required), to be applied against the
Subsidiary Borrower Obligations, whether matured or unmatured, in such order as the Administrative
Agent may determine.

     2.3. Amendments, etc. with respect to the Subsidiary Borrower Obligations. The
Borrower shall remain obligated hereunder notwithstanding that, without any reservation of rights
against the Borrower and without notice to or further assent by the Borrower, any demand for
payment of any of the Subsidiary Borrower Obligations made by the Administrative Agent or any
Lender may be rescinded by the Administrative Agent or such Lender and any of the Subsidiary
Borrower Obligations continued, and the Subsidiary Borrower Obligations, or the liability of any
other Person upon or for any part thereof, or any collateral security or guarantee therefor or
right of offset with respect thereto, may, from time to time, in whole or in part, be renewed,
extended, amended, modified, accelerated, compromised, waived, surrendered or released by the
Administrative Agent or any Lender, and the Credit Agreement and the other Loan Documents and any
other documents executed and delivered in connection therewith may be amended, modified,
supplemented or terminated, in whole or in part, as the Administrative Agent (or the Required
Lenders or all Lenders, as the case may be) may deem advisable from time to time, and any
collateral security, guarantee or right of offset at any time held by the Administrative Agent or
any Lender for the payment of the Subsidiary Borrower Obligations may be sold, exchanged, waived,
surrendered or released. Neither the Administrative Agent nor any Lender shall have any obligation
to protect, secure, perfect or insure any Lien at any time held by it as security for the
Subsidiary Borrower Obligations or for the guarantee contained in this Section 2 or any property
subject thereto.

     2.4. Guarantee Absolute and Unconditional. The Borrower waives any and all notice of
the creation, renewal, extension or accrual of
any of the Subsidiary Borrower Obligations and notice of or proof of reliance by the Administrative
Agent or any Lender upon the guarantee contained in this Section 2 or acceptance of the guarantee
contained in this Section 2; the Subsidiary Borrower Obligations, and any of them, shall
conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended
or waived, in reliance upon the guarantee contained in this Section 2; and all dealings between the
Borrower and the Subsidiary Borrowers, on the one hand, and the Administrative Agent and the
Lenders, on the other hand, likewise shall be conclusively presumed to have been had or consummated
in reliance upon the guarantee contained in this Section 2. The Borrower waives diligence,
presentment, protest, demand for payment and notice of default or nonpayment to or upon the
Borrower

 

8

or the applicable Subsidiary Borrower with respect to the Subsidiary Borrower Obligations.
The Borrower understands and agrees that the guarantee contained in this Section 2 shall be
construed as a continuing, absolute and unconditional guarantee of payment without regard to (a)
the validity or enforceability of the Credit Agreement or any other Loan Document, any of the
Subsidiary Borrower Obligations or any other collateral security therefor or guarantee or right of
offset with respect thereto at any time or from time to time held by the Administrative Agent or
any Lender, (b) any defense, set-off or counterclaim (other than a defense of payment or
performance) which may at any time be available to or be asserted by any Subsidiary Borrower or any
other Person against the Administrative Agent or any Lender, or (c) any other circumstance
whatsoever (with or without notice to or knowledge of the Borrower or any Subsidiary Borrower)
which constitutes, or might be construed to constitute, an equitable or legal discharge of the
Subsidiary Borrowers for the Subsidiary Borrower Obligations, or of the Borrower under the
guarantee contained in this Section 2, in bankruptcy or in any other instance. When making any
demand hereunder or otherwise pursuing its rights and remedies hereunder against the Borrower, the
Administrative Agent or any Lender may, but shall be under no obligation to, make a similar demand
on or otherwise pursue such rights and remedies as it may have against the Subsidiary Borrowers or
any other Person or against any collateral security or guarantee for the Subsidiary Borrower
Obligations or any right of offset with respect thereto, and any failure by the Administrative
Agent or any Lender to make any such demand, to pursue such other rights or remedies or to collect
any payments from the Borrower, any Subsidiary Borrower, or any other Person or to realize upon any
such collateral security or guarantee or to exercise any such right of offset, or any release of
the Borrower, any Subsidiary Borrower or any other Person or any such collateral security,
guarantee or right of offset, shall not relieve the Borrower of any obligation or liability
hereunder, and shall not impair or affect the rights and remedies, whether express, implied or
available as a matter of law, of the Administrative Agent or any Lender against the Borrower. For
the purposes hereof, “demand” shall include the commencement and continuance of any legal
proceedings.

     2.5. Reinstatement. The guarantee contained in this Section 2 shall continue to be
effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of
any of the Subsidiary Borrower Obligations is rescinded or must otherwise be restored or returned
by the Administrative Agent or any Lender upon the insolvency, bankruptcy, dissolution, liquidation
or reorganization of the Borrower, any Subsidiary Borrower or any other Guarantor, or upon or as a
result of the appointment of a receiver, intervenor or conservator of, or trustee or similar
officer for, the Borrower, any Subsidiary Borrower or any other Guarantor or any substantial part
of its property, or otherwise, all as though such payments had not been made.

     2.6. Payments. The Borrower hereby guarantees that payments hereunder will be paid to
the Administrative Agent without set-off or counterclaim in Dollars or the applicable Optional
Currency at
the office of the Administrative Agent located at 270 Park Avenue, New York, New York 10017 or
at such other place and time specified by the Administrative Agent.

     SECTION 3. DOMESTIC SUBSIDIARY GUARANTEE

     3.1. Domestic Subsidiary Guarantee

     (a) Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably,
guarantees to the Administrative Agent, for the ratable benefit of the Secured Parties and their
respective successors, indorsees, transferees and assigns, the prompt and complete payment and
performance by the Borrower when due (whether at the stated maturity, by acceleration or otherwise)
of the Borrower Obligations and the Borrower’s Guarantor Obligations.

 

9

     (b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum
liability of each Guarantor hereunder and under the other Loan Documents shall in no event exceed
the amount which can be guaranteed by such Guarantor under applicable federal and state laws
relating to the insolvency of debtors (after giving effect to the right of contribution established
in Section 3.2).

     (c) Each Guarantor agrees that the Borrower Obligations and the Borrower’s Guarantor
Obligations either solely or collectively, may at any time and from time to time exceed the amount
of the liability of such Guarantor hereunder without impairing the guarantee contained in this
Section 3 or affecting the rights and remedies of the Administrative Agent or any Lender hereunder.

     (d) The guarantees contained in this Section 3 shall remain in full force and effect until all
the Borrower Obligations and the Borrower’s Guarantor Obligations and the obligations of each
Guarantor under the guarantees contained in this Section 3 shall have been satisfied by payment in
full, no Letter of Credit shall be outstanding and the Commitments and Loans shall be terminated,
notwithstanding that from time to time during the term of the Credit Agreement, the Borrower may be
free from any Borrower Obligations and any Borrower’s Guarantor Obligations.

     (e) No payment made by the Borrower, any of the Guarantors, any other guarantor or any other
Person or received or collected by the Administrative Agent or any Lender from the Borrower, any of
the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or
any set-off or appropriation or application at any time or from time to time in reduction of or in
payment of the Borrower Obligations or the Borrower’s Guarantor Obligations shall be deemed to
modify, reduce, release or otherwise affect the liability of any Guarantor hereunder which shall,
notwithstanding any such payment (other than any payment made by such Guarantor in respect of the
Borrower Obligations or the Borrower’s Guarantor Obligations or any payment received or collected
from such Guarantor in respect of the Borrower Obligations or the Borrower’s Guarantor Obligations)
remain liable for the Borrower Obligations and the Borrower’s Guarantor Obligations up to the
maximum liability of such Guarantor hereunder until the Borrower Obligations and the Borrower’s
Guarantor Obligations are paid in full, no Letter of Credit shall be outstanding and the
Commitments and Loans are terminated.

     3.2. Right of Contribution. Each Guarantor hereby agrees that to the extent that a
Guarantor shall have paid more than its proportionate share of any payment made hereunder, such
Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor
hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of
contribution shall be subject to the terms and
conditions of Section 3.3. The provisions of this Section 3.2 shall in no respect limit the
obligations and liabilities of any Guarantor to the Administrative Agent and the Lenders, and each
Guarantor shall remain liable to the Administrative Agent and the Lenders for the full amount
guaranteed by such Guarantor hereunder.

     3.3. No Subrogation. Notwithstanding any payment made by any Guarantor hereunder or
any set-off or application of funds of any Guarantor by the Administrative Agent or any Lender, no
Guarantor shall be entitled to be subrogated to any of the rights of the Administrative Agent or
any Lender against the Borrower or any other Guarantor or any collateral security or guarantee or
right of offset held by the Administrative Agent or any Lender for the payment of the Borrower
Obligations or the Borrower’s Guarantor Obligations nor shall any Guarantor seek or be entitled to
seek any contribution or reimbursement from the Borrower or any other Guarantor in respect of
payments made by such Guarantor hereunder, until all amounts owing to the Administrative Agent and
the Lenders by the Borrower on account of the Borrower Obligations and the Borrower’s Guarantor
Obligations are paid in full, no Letter of Credit shall be outstanding and the Commitments and
Loans are terminated. If any amount shall be

 

10

paid to any Guarantor on account of such subrogation
rights at any time when all of the Borrower Obligations and the Borrower’s Guarantor Obligations
shall not have been paid in full, such amount shall be held by such Guarantor in trust for the
Administrative Agent and the Lenders, segregated from other funds of such Guarantor, and shall,
forthwith upon receipt by such Guarantor, be turned over to the Administrative Agent in the exact
form received by such Guarantor (duly indorsed by such Guarantor to the Administrative Agent, if
required), to be applied against the Borrower Obligations and the Borrower’s Guarantor Obligations,
whether matured or unmatured, in such order as the Administrative Agent may determine.

     3.4. Amendments, etc. with respect to the Borrower Obligations and the Borrower’s
Guarantor Obligations. Each Guarantor shall remain obligated hereunder notwithstanding that,
without any reservation of rights against any Guarantor and without notice to or further assent by
any Guarantor, any demand for payment of any of the Borrower Obligations or the Borrower’s
Guarantor Obligations made by the Administrative Agent or any Lender may be rescinded by the
Administrative Agent or such Lender and any of the Borrower Obligations and the Borrower’s
Guarantor Obligations continued, and the Borrower Obligations and the Borrower’s Guarantor
Obligations or the liability of any other Person upon or for any part thereof, or any collateral
security or guarantee therefor or right of offset with respect thereto, may, from time to time, in
whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived,
surrendered or released by the Administrative Agent or any Lender, and the Credit Agreement and the
other Loan Documents and any other documents executed and delivered in connection therewith may be
amended, modified, supplemented or terminated, in whole or in part, as the Administrative Agent (or
the Required Lenders or all Lenders, as the case may be) may deem advisable from time to time, and
any collateral security, guarantee or right of offset at any time held by the Administrative Agent
or any Lender for the payment of the Borrower Obligations or the Borrower’s Guarantor Obligations
may be sold, exchanged, waived, surrendered or released. Neither the Administrative Agent nor any
Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by
it as security for the Borrower Obligations or the Borrower’s Guarantor Obligations or for the
guarantee contained in this Section 3 or any property subject thereto.

     3.5. Guarantees Absolute and Unconditional. Each Guarantor waives any and all
notice of the creation, renewal, extension or accrual of
any of the Borrower Obligations or Borrower’s Guarantor Obligations and notice of or proof of
reliance by the Administrative Agent or any Lender upon any of the guarantees contained in this
Section 3 or acceptance of the guarantees contained in this Section 3; the Borrower Obligations and
the Borrower’s Guarantor Obligations and any of them, shall conclusively be deemed to have been
created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the
guarantee contained in this Section 3; and all dealings between the Borrower and any of the
Guarantors, on the one hand, and the Administrative Agent and the Lenders, on the other hand,
likewise shall be conclusively presumed to have been had or consummated in reliance upon the
guarantee contained in this Section 3. Each Guarantor waives diligence, presentment, protest,
demand for payment and notice of default or nonpayment to or upon the Borrower or any of the
Guarantors with respect to the Borrower Obligations and the Borrower’s Guarantor Obligations. Each
Guarantor understands and agrees that the guarantees contained in this Section 3 shall be construed
as a continuing, absolute and unconditional guarantee of payment without regard to (a) the validity
or enforceability of the Credit Agreement or any other Loan Document, any of the Borrower
Obligations or the Borrower’s Guarantor Obligations or any other collateral security therefor or
guarantee or right of offset with respect thereto at any time or from time to time held by the
Administrative Agent or any Lender, (b) any defense, set-off or counterclaim (other than a defense
of payment or performance) which may at any time be available to or be asserted by the Borrower or
any other Person against the Administrative Agent or any Lender, or (c) any other circumstance
whatsoever (with or without notice to or knowledge of the Borrower or such Guarantor) which
constitutes, or might be construed to constitute, an equitable or legal discharge of the Borrower
for the Borrower Obligations or the Borrower’s Guarantor Obligations, or of

 

11

such Guarantor under
the guarantee contained in this Section 3, in bankruptcy or in any other instance. When making any
demand hereunder or otherwise pursuing its rights and remedies hereunder against any Guarantor, the
Administrative Agent or any Lender may, but shall be under no obligation to, make a similar demand
on or otherwise pursue such rights and remedies as it may have against the Borrower, any other
Guarantor or any other Person or against any collateral security or guarantee for the Borrower
Obligations or the Borrower’s Guarantor Obligations or any right of offset with respect thereto,
and any failure by the Administrative Agent or any Lender to make any such demand, to pursue such
other rights or remedies or to collect any payments from the Borrower, any other Guarantor or any
other Person or to realize upon any such collateral security or guarantee or to exercise any such
right of offset, or any release of the Borrower, any other Guarantor or any other Person or any
such collateral security, guarantee or right of offset, shall not relieve any Guarantor of any
obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether
express, implied or available as a matter of law, of the Administrative Agent or any Lender against
any Guarantor. For the purposes hereof “demand” shall include the commencement and continuance of
any legal proceedings.

     3.6. Reinstatement. The guarantees contained in this Section 3 shall continue to be
effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of
any of the Borrower Obligations or the Borrower’s Guarantor Obligations, is rescinded or must
otherwise be restored or returned by the Administrative Agent or any Lender upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of the Borrower or any Guarantor, or upon or
as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar
officer for, the Borrower or any Guarantor or any substantial part of its property, or otherwise,
all as though such payments had not been made.

     3.7. Payments. Each Guarantor hereby guarantees that payments hereunder will be paid
to the Administrative Agent without set-off or counterclaim in Dollars or the applicable Optional
Currency at
the office of the Administrative Agent located at 270 Park Avenue, New York, New York 10017 or
at such other place and time specified by the Administrative Agent.

     SECTION 4. GRANT OF SECURITY INTEREST

     Subject to Section 9.15, each Grantor hereby assigns and transfers to the Administrative
Agent, and hereby grants to the Administrative Agent, for the ratable benefit of the Secured
Parties, a security interest in, all of the following property now owned or at any time hereafter
acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire
any right, title or interest (collectively, the “Collateral”), as collateral security for
the prompt and complete payment and performance when due (whether at the stated maturity, by
acceleration or otherwise) of such Grantor’s Obligations:

     (a) all Receivables;

     (b) all Equipment;

     (c) all Inventory;

     (d) all Pledged Stock;

     (e) all books and records pertaining to the Collateral; and

 

12

     (f) to the extent not otherwise included, all Proceeds, Supporting Obligations and products of
any and all of the foregoing and all collateral security and guarantees given by any Person with
respect to any of the foregoing.

     Notwithstanding the limitation on the inclusions of Foreign Subsidiary Voting Stock in the
definition of Pledged Stock, the remaining 35% of the outstanding Foreign Subsidiary Voting Stock
of any Foreign Subsidiary Borrower shall be pledged and subject to a grant of a security interest
therein subject to this Section 4; provided that such pledge and grant shall only secure
the obligations of such Foreign Subsidiary Borrower in its capacity as such under the Credit
Agreement; provided further, that notwithstanding any of the other provisions set
forth in this Section 4, this Agreement shall not constitute a grant of a security interest in any
property to the extent that such grant of a security interest is prohibited by any Requirements of
Law of a Governmental Authority, requires a consent not obtained of any Governmental Authority
pursuant to such Requirement of Law or is prohibited by, or constitutes a breach or default under
or results in the termination of or requires any consent not obtained under, any contract, license,
agreement, instrument or other document evidencing or giving rise to such property or, in the case
of any Pledged Stock, any applicable shareholder or similar agreement, except to the extent that
such Requirement of Law or the term in such contract, license, agreement, instrument or other
document or shareholder or similar agreement providing for such prohibition, breach, default or
termination or requiring such consent is ineffective under applicable law.

     SECTION 5. REPRESENTATIONS AND WARRANTIES

     To induce the Administrative Agent and the Lenders to enter into the Credit Agreement and to
induce the Lenders to make their respective extensions of credit to the Borrower and each
Subsidiary Borrower thereunder, each Grantor hereby represents and warrants to the Administrative
Agent and each Lender that other than during any Unsecured Period:

     5.1. Title; No Other Liens. Except for the security interest granted to the
Administrative Agent for the ratable benefit of the Secured Parties pursuant to this Agreement and
the other Liens permitted to exist on the Collateral by the Credit Agreement, such Grantor owns
each item of the Collateral free and clear of any and all Liens or claims of others. No financing
statement or other public notice with respect to all or any part of the Collateral is on file or of
record in any public office, except such as have been filed in favor of the Administrative Agent,
for the ratable benefit of the Secured Parties, pursuant to this Agreement or as are permitted by
the Credit Agreement.

     5.2. Perfected First Priority Liens. The security interests granted pursuant to this
Agreement will constitute valid perfected security interests in all of the Collateral in favor of
the Administrative Agent, for the ratable benefit of the Secured Parties, as collateral security
for such Grantor’s Obligations, enforceable in accordance with the terms hereof against all
creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor
(other than Inventory sold by such Grantor in the ordinary course of business and except as
otherwise permitted by the Credit Agreement), to the extent that perfection or enforceability
against third parties is obtainable by completion of the filings and other actions set forth on
Schedule 3 or any similar filings or other actions in other jurisdictions in the United
States of America and are prior to all other Liens on the Collateral which have priority over the
Liens on the Collateral by operation of law and other Liens on the Collateral permitted by the
Credit Agreement.

     5.3. Jurisdiction of Organization. On the Closing Date, such Grantor’s jurisdiction
of organization and identification number from the jurisdiction of organization (if any) are set
forth on Schedule 3. Such Grantor has furnished to the Administrative Agent a certified charter,
certificate of

 

13

incorporation or other organizational document and good standing certificate as of a
date which is recent to the Closing Date.

     5.4. Domestic Subsidiaries. On the Closing Date, Schedule 4 sets forth a true and
complete list of the Domestic Subsidiaries.

     5.5. Pledged Stock. 

     (a) The shares of the Pledged Stock pledged by such Grantor hereunder constitute all the
issued and outstanding shares of all classes of the Capital Stock of each Issuer owned by such
Grantor or, in the case of Foreign Subsidiary Voting Stock, if less, 65% of the outstanding Foreign
Subsidiary Voting Stock of each relevant Issuer.

     (b) All the shares of the Pledged Stock have been duly and validly issued and are fully paid
and nonassessable.

     (c) Such Grantor is the record and beneficial owner of, and has good and marketable title to,
the Pledged Stock pledged by it hereunder, free of any and all Liens or options in favor of, or
claims of, any other Person, except the security interest created by this Agreement and except as
permitted under subsection 7.1 of the Credit Agreement.

     5.6. Receivables. During any Full Security Period,

     (a) None of the obligors on any Receivables is a Governmental Authority.

     (b) The amounts represented by such Grantor to the Lenders from time to time as owing to such
Grantor in respect of the Receivables will at such times be accurate in all material respects.

     SECTION 6. COVENANTS

     Each Grantor covenants and agrees with the Administrative Agent and the Lenders that, from and
after the date of this Agreement until the Obligations shall have been paid in full, no Letter of
Credit shall be outstanding and the Commitments and Loans shall have terminated, other than during
any Unsecured Period, 

     6.1. Delivery of Certificated Securities. If any amount payable under or in
connection with any of the Collateral shall be or become evidenced by any Certificated Security,
such Certificated Security shall be immediately delivered to the Administrative Agent, duly
indorsed (including by delivery of related stock powers) in a manner satisfactory to the
Administrative Agent, to be held as Collateral pursuant to this Agreement.

     6.2. Maintenance of Insurance. During any Full Security Period,

     (a) Such Grantor will maintain, with financially sound and reputable companies, insurance
policies (i) insuring the Inventory and Equipment against loss by fire, explosion, theft and such
other casualties as may be reasonably satisfactory to the Administrative Agent and (ii) to the
extent requested by the Administrative Agent, insuring such Grantor, the Administrative Agent and
the Lenders against liability for personal injury and property damage relating to such Inventory
and Equipment, such policies to be in such form and amounts and having such coverage as may be
reasonably satisfactory to the Administrative Agent and the Lenders.

 

14

     (b) All such insurance shall (i) provide that no cancellation, material reduction in amount or
material change in coverage thereof shall be effective until at least 30 days after receipt by the
Administrative Agent of written notice thereof, (ii) name the Administrative Agent as insured party
or loss payee, (iii) if reasonably requested by the Administrative Agent, include a breach of
warranty clause and (iv) be reasonably satisfactory in all other respects to the Administrative
Agent.

     (c) The Borrower shall deliver to the Administrative Agent and the Lenders a report of a
reputable insurance broker with respect to such insurance substantially concurrently with each
delivery of the Borrower’s audited annual financial statements and such supplemental reports with
respect thereto as the Administrative Agent may from time to time reasonably request.

     6.3. Payment of Obligations. Such Grantor will pay and discharge or otherwise satisfy
at or before maturity or before they become delinquent, as the case may be, all taxes, assessments
and governmental charges or levies imposed upon the Collateral or in respect of income or profits
therefrom, as well as all claims of any kind against or with respect to the Collateral, except that
no such charge need be paid if the amount or validity thereof is currently being contested in good
faith by appropriate proceedings, reserves in conformity with GAAP with respect thereto have been
provided on the books of such Grantor and such proceedings could
not reasonably be expected to result in the sale, forfeiture or loss of any material portion
of the Collateral or any interest therein.

     6.4. Maintenance of Perfected Security Interest; Further Documentation. Such Grantor
shall maintain the security interest created by this Agreement as a perfected security interest
having at least the priority described in Section 5.2 and shall defend such security interest
against the claims and demands of all Persons whomsoever.

     6.5. Notices. Such Grantor will advise the Administrative Agent and the Lenders
promptly, in reasonable detail, of:

     (a) any Lien (other than security interests created hereby or Liens permitted under the Credit
Agreement) on any of the Collateral which would adversely affect the ability of the Administrative
Agent to exercise any of its remedies hereunder; and

     (b) of the occurrence of any other event which could reasonably be expected to have a material
adverse effect on the aggregate value of the Collateral or on the security interests created
hereby.

     (c) At any time and from time to time, upon the written request of the Administrative Agent,
and at the sole expense of such Grantor, such Grantor will promptly and duly execute and deliver,
and have recorded, such further instruments and documents and take such further actions as the
Administrative Agent may reasonably request for the purpose of obtaining or preserving the full
benefits of this Agreement and of the rights and powers herein granted, including, without
limitation, (i) filing any financing or continuation statements under the Uniform Commercial Code
(or other similar laws) in effect in any jurisdiction with respect to the security interests
created hereby and (ii) in the case of Pledged Stock and any other relevant Collateral, taking any
actions necessary to enable the Administrative Agent to obtain “control” (within the meaning of the
applicable Uniform Commercial Code) with respect thereto.

     6.6. Pledged Stock

     (a) If such Grantor shall become entitled to receive or shall receive any stock certificate
(including, without limitation, any certificate representing a stock dividend or a distribution in
connection

 

15

with any reclassification, increase or reduction of capital or any certificate issued in
connection with any reorganization), option or rights in respect of the Capital Stock of any Issuer
which is a direct or indirect Domestic Subsidiary of such Grantor and which is Pledged Stock,
whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of
the Pledged Stock, or otherwise in respect thereof, such Grantor shall accept the same as the agent
of the Administrative Agent and the Lenders, hold the same in trust for the Administrative Agent
and the Lenders and deliver the same forthwith to the Administrative Agent in the exact form
received, duly indorsed (including by delivery of related stock or bond powers) by such Grantor to
the Administrative Agent, if required, together with an undated stock power covering such
certificate duly executed in blank by such Grantor to be held by the Administrative Agent, subject
to the terms hereof, as additional collateral security for such Grantor’s Obligations. Any sums
paid upon or in respect of the Collateral upon the liquidation or dissolution of any Issuer shall
be paid over to the Administrative Agent to be held by it hereunder as additional collateral
security for the
applicable Grantor’s Obligations, and in case any distribution of capital shall be made on or
in respect of the Collateral or any property shall be distributed upon or with respect to the
Collateral pursuant to the recapitalization or reclassification of the capital of any Issuer or
pursuant to the reorganization thereof, the property so distributed shall, unless otherwise subject
to a perfected security interest in favor of the Administrative Agent, be delivered to the
Administrative Agent to be held by it hereunder as additional collateral security for such
Obligations except to the extent permitted under Subsection 6.3. If any sums of money or property
so paid or distributed in respect of the Collateral shall be received by such Grantor, such Grantor
shall, until such money or property is paid or delivered to the Administrative Agent, hold such
money or property in trust for the Lenders, segregated from other funds of such Grantor, as
additional collateral security for the Obligations.

     Without the prior written consent of the Administrative Agent or unless permitted by the
Credit Agreement, such Grantor will not (i) vote to enable, or take any other action to permit, any
Issuer to issue any stock or other equity securities of any nature or to issue any other securities
convertible into or granting the right to purchase or exchange for any stock or other equity
securities of any nature of any Issuer, (ii) sell, assign, transfer, exchange, or otherwise dispose
of, or grant any option with respect to, the Collateral (except pursuant to a transaction
permitted by the Credit Agreement), (iii) create, incur or permit to exist any Lien or option in
favor of, or any claim of any Person with respect to, any of the Collateral, or any interest
therein, except for the security interests created by this Agreement or (iv) enter into any
agreement or undertaking restricting the right or ability of such Grantor or the Administrative
Agent to sell, assign or transfer any of the Collateral.

     In the case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be bound
by the terms of this Agreement relating to the Pledged Stock issued by it and will comply with such
terms insofar as such terms are applicable to it, (ii) it will notify the Administrative Agent
promptly in writing of the occurrence of any of the events described in Section 6.4(a) with respect
to the Pledged Stock issued by it and (iii) the terms of Sections 7.3(c) and 7.7 shall apply to it,
mutatis mutandis, with respect to all actions that may be required of it pursuant
to Section 7.3(c) or 7.7 with respect to the Pledged Stock issued by it.

     6.7. Receivables. During any Full Security Period,

     (a) Other than in the ordinary course of business consistent with its past practice, such
Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise
or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially,
any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever
on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could
materially adversely affect the value thereof.

 

16

     (b) Such Grantor will deliver to the Administrative Agent a copy of each material demand,
notice or document received by it that questions or calls into doubt the validity or enforceability
of more than 5% of the aggregate amount of the then outstanding Receivables.

     (c) Anything contained in this Agreement to the contrary notwithstanding, the Grantors, or any
of them, shall have the right to enter into one or more Receivables Purchase Facilities, as
contemplated by the Credit Agreement, and the Administrative Agent shall execute any and all
documents reasonably necessary to release its security interest in the Receivables which become
Sold Receivables upon the consummation of such Receivables Purchase Facility(ies).

     SECTION 7. REMEDIAL PROVISIONS

     7.1. Certain Matters Relating to Receivables. During any Full Security Period,

     (a) The Administrative Agent shall have the right after the occurrence and during the
continuance of an Event of Default to make test verifications of the Receivables in any manner and
through any medium that it reasonably considers advisable, and each Grantor shall furnish all such
assistance and information as the Administrative Agent may require in connection with such test
verifications. At any time and from time to time, after the occurrence and during the continuance
of an Event of Default, upon the Administrative Agent’s request and at the expense of the relevant
Grantor, such Grantor shall cause independent public accountants or others satisfactory to the
Administrative Agent to furnish to the Administrative Agent reports showing reconciliations, aging
and test verifications of, and trial balances for, the Receivables.

     (b) The Administrative Agent hereby authorizes each Grantor to collect such Grantor’s
Receivables, and the Administrative Agent may curtail or terminate said authority at any time after
the occurrence and during the continuance of an Event of Default. If required by the
Administrative Agent at any time after the occurrence and during the continuance of an Event of
Default, any payments of Receivables, when collected by any Grantor, (i) shall be forthwith (and,
in any event, within two Business Days) deposited by such Grantor in the exact form received, duly
indorsed by such Grantor to the Administrative Agent if required, in a Collateral Account
maintained under the sole dominion and control of the Administrative Agent, subject to withdrawal
by the Administrative Agent for the account of the Lenders only as provided in Section 7.5, and
(ii) until so turned over, shall be held by such Grantor in trust for the Administrative Agent and
the Lenders, segregated from other funds of such Grantor. Each such deposit of Proceeds of
Receivables shall be accompanied by a report identifying in reasonable detail the nature and source
of the payments included in the deposit.

     (c) At the Administrative Agent’s request, after the occurrence and during the continuance of
an Event of Default, each Grantor shall deliver to the Administrative Agent all original and other
documents evidencing, and relating to, the agreements and transactions which gave rise to the
Receivables, including, without limitation, all original orders, invoices and shipping receipts.

     7.2. Communications with Obligors; Grantors Remain Liable. During any Full Security
Period,

     (a) The Administrative Agent in its own name or in the name of others may at any time after
the occurrence and during the continuance of an Event of Default communicate with obligors under
the Receivables to verify with them to the Administrative Agent’s satisfaction the existence,
amount and terms of any Receivables.

 

17

     (b) Upon the written request of the Administrative Agent at any time after the occurrence and
during the continuance of an Event of Default, each Grantor shall notify obligors on its
Receivables that the Receivables have been assigned to the Administrative Agent for the ratable
benefit of the Secured Parties and that payments in respect thereof shall be made directly to the
Administrative Agent.

     (c) Anything herein to the contrary notwithstanding, each Grantor shall remain liable under
each of its Receivables to observe and perform all the conditions and obligations to be observed
and performed by it thereunder, all in accordance with the terms of any agreement giving rise
thereto. Neither the Administrative Agent nor any Lender shall have any obligation or liability
under any Receivable (or any agreement giving rise thereto) by reason of or arising out of this
Agreement or the receipt by the Administrative Agent or any Lender of any payment relating thereto,
nor shall the Administrative Agent or any Lender be obligated in any manner to perform any of the
obligations of any Grantor under or pursuant to any Receivable (or any agreement giving rise
thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any
payment received by it or as to the sufficiency of any performance by any party thereunder, to
present or file any claim, to take any action to enforce any performance or to collect the payment
of any amounts which may have been assigned to it or to which it may be entitled at any time or
times.

     7.3. Pledged Stock

     (a) Unless an Event of Default shall have occurred and be continuing and the Administrative
Agent shall have given notice to the relevant Grantor of the Administrative Agent’s intent to
exercise its corresponding rights pursuant to Section 7.3(b), each Grantor shall be permitted to
receive all cash dividends paid in respect of the Pledged Stock, in each case paid in the normal
course of business of the relevant Issuer and consistent with past practice, to the extent
permitted in the Credit Agreement, to pay and declare dividends to the extent permitted by the
Credit Agreement and to exercise all voting and corporate rights with respect to the Pledged Stock;
provided, however, that no vote shall be cast or corporate right exercised or other
action taken which, in the Administrative Agent’s reasonable judgment, would impair the Collateral
or which would be inconsistent with or result in any violation of any provision of the Credit
Agreement, this Agreement or any other Loan Document.

     (b) If an Event of Default shall occur and be continuing and the Administrative Agent shall
give written notice of its intent to exercise such rights to the relevant Grantor or Grantors, (i)
the Administrative Agent shall have the right to receive any and all cash dividends, payments or
other Proceeds paid in respect of the Pledged Stock and make application thereof to the Obligations
in such order as the Administrative Agent may determine, and (ii) any or all of the Pledged Stock
shall be registered in the name of the Administrative Agent or its nominee, and the Administrative
Agent or its nominee may thereafter exercise (x) all voting, corporate and other rights pertaining
to such Pledged Stock at any meeting of shareholders of the relevant Issuer or Issuers or otherwise
and (y) any and all rights of conversion, exchange and subscription and any other rights,
privileges or options pertaining to such Pledged Stock as if it were the absolute owner thereof
(including, without limitation, the right to exchange at its discretion any and all of the Pledged
Stock upon the merger, consolidation, reorganization, recapitalization or other fundamental change
in the corporate structure of any Issuer, or upon the exercise by any Grantor or the Administrative
Agent of any right, privilege or option pertaining to such Pledged Stock, and in connection
therewith, the right to deposit and deliver any and all of the Pledged Stock with any committee,
depositary, transfer agent, registrar or other designated agency upon such terms and conditions as
the Administrative Agent may determine), all without liability except to account for property
actually received by it, but the Administrative Agent shall have no duty to any Grantor to exercise
any such right, privilege or option and shall not be responsible for any failure to do so or delay
in so doing.

 

18

     (c) Each Grantor hereby authorizes and instructs each Issuer of any Pledged Stock pledged by
such Grantor hereunder to (i) comply with any instruction received by it from the Administrative
Agent in writing that (x) states that an Event of Default has occurred and is continuing and (y) is
otherwise in accordance with the terms of this Agreement, without any other or further instructions
from such Grantor, and each Grantor agrees that each Issuer shall be fully protected in so
complying, and
(ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with
respect to the Pledged Stock directly to the Administrative Agent.

     7.4. Proceeds to be Turned Over To Administrative Agent. If an Event of Default
shall occur and be continuing, all Proceeds received by any Grantor consisting of cash, checks and
other near-cash items shall be held by such Grantor in trust for the Administrative Agent and the
Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt by such
Grantor, be turned over to the Administrative Agent in the exact form received by such Grantor
(duly indorsed by such Grantor to the Administrative Agent, if required). All Proceeds received by
the Administrative Agent hereunder shall be held by the Administrative Agent in a Collateral
Account maintained under its sole dominion and control. All Proceeds while held by the
Administrative Agent in a Collateral Account (or by such Grantor in trust for the Administrative
Agent and the Lenders) shall continue to be held as collateral security for all the Obligations and
shall not constitute payment thereof until applied as provided in Section 7.7.

     7.5. Application of Proceeds. At such intervals as may be agreed upon by the Borrower
and the Administrative Agent, or, if an Event of Default shall have occurred and be continuing, at
any time at the Administrative Agent’s election, the Administrative Agent may apply all or any part
of Proceeds constituting Collateral, whether or not held in any Collateral Account, and any
proceeds of the guarantee set forth in Section 2, in payment of the Obligations in the following
order:

     First, to pay incurred and unpaid fees and expenses of the Administrative Agent under the Loan
Documents;

     Second, to the Administrative Agent, for application by it towards payment of amounts then due
and owing and remaining unpaid in respect of the Obligations, pro rata among the Secured Parties
according to the amounts of the Obligations then due and owing and remaining unpaid to the Lenders;

     Third, to the Administrative Agent, for application by it towards prepayment of the
Obligations, pro rata among the Secured Parties according to the amounts of the Obligations then
held by the Lenders; and

     Fourth, any balance remaining after the Obligations shall have been paid in full, no Letters
of Credit shall be outstanding and the Commitments shall have been terminated shall be paid over to
the Borrower or to whomsoever may be lawfully entitled to receive the same.

     7.6. Code and Other Remedies. If an Event of Default shall occur and be continuing,
the Administrative Agent, on behalf of the Lenders, may exercise, in addition to all other rights
and remedies granted to them in this Agreement and in any other instrument or agreement securing,
evidencing or relating to the Obligations, all rights and remedies of a secured party under the New
York UCC or any other applicable law. Without limiting the generality of the foregoing, the
Administrative Agent, without demand of performance or other demand, presentment, protest,
advertisement or notice of any kind (except any notice required by law referred to below) to or
upon any Grantor or any other Person (all and each of which demands, defenses, advertisements and
notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and
realize upon the Collateral, or any part thereof,

 

19

and/or may forthwith sell, lease,
assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral
or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or
private sale or sales, at any exchange, broker’s board or office of the Administrative Agent or any
Lender or elsewhere upon such terms and conditions as it may deem advisable and at such prices as
it may deem best, for cash or on credit or for future delivery without assumption of any credit
risk. The Administrative Agent or any Lender shall have the right upon any such public sale or
sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the
whole or any part of the Collateral so sold, free of any right or equity of redemption in any
Grantor, which right or equity is hereby waived and released. Each Grantor further agrees, at the
Administrative Agent’s request, to assemble the Collateral and make it available to the
Administrative Agent at places which the Administrative Agent shall reasonably select, whether at
such Grantor’s premises or elsewhere. The Administrative Agent shall apply the net proceeds of any
action taken by it pursuant to this Section 7.6, after deducting all reasonable costs and expenses
of every kind incurred in connection therewith or incidental to the care or safekeeping of any of
the Collateral or in any way relating to the Collateral or the rights of the Administrative Agent
and the Lenders hereunder, including, without limitation, reasonable attorneys’ fees and
disbursements, to the payment in whole or in part of the Obligations, in such order as the
Administrative Agent may elect, and only after such application and after the payment by the
Administrative Agent of any other amount required by any provision of law, including, without
limitation, Section 9-615(a)(3) of the New York UCC, need the Administrative Agent account for the
surplus, if any, to any Grantor. To the extent permitted by applicable law, each Grantor waives
all claims, damages and demands it may acquire against the Administrative Agent or any Lender
arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or
other disposition of Collateral shall be required by law, such notice shall be deemed reasonable
and proper if given at least 10 days before such sale or other disposition.

     7.7. Registration Rights

     (a) If the Administrative Agent shall determine to exercise its right to sell any or all of
the Pledged Stock pursuant to Section 7.6, and if in the opinion of the Administrative Agent it is
necessary or advisable to have the Pledged Stock, or that portion thereof to be sold, registered
under the provisions of the Securities Act, the relevant Grantor will cause the Issuer thereof to
(i) execute and deliver, and cause the directors and officers of such Issuer to execute and
deliver, all such instruments and documents, and do or cause to be done all such other acts as may
be, in the opinion of the Administrative Agent, necessary or advisable to register the Pledged
Stock, or that portion thereof to be sold, under the provisions of the Securities Act, (ii) use its
best efforts to cause the registration statement relating thereto to become effective and to remain
effective for a period of one year from the date of the first public offering of the Pledged Stock,
or that portion thereof to be sold, and (iii) make all amendments thereto and/or to the related
prospectus which, in the opinion of the Administrative Agent, are necessary or advisable, all in
conformity with the requirements of the Securities Act and the rules and regulations of the
Securities and Exchange Commission applicable thereto. Each Grantor agrees to cause such Issuer to
comply with the provisions of the securities or “Blue Sky” laws of any and all jurisdictions which
the Administrative Agent shall designate and to make available to its security holders, as soon as
practicable, an earnings statement (which need not be audited) which will satisfy the provisions of
Section 11(a) of the Securities Act.

     (b) Each Grantor recognizes that the Administrative Agent may be unable to effect a public
sale of any or all the Pledged Stock, by reason of certain prohibitions contained in the Securities
Act and applicable state securities laws or otherwise, and may be compelled to resort to one or
more private sales thereof to a restricted group of purchasers which will be obliged to agree,
among other things, to acquire such securities for their own account, for investment and not with a
view to the distribution or resale thereof. Each Grantor acknowledges and agrees that any such
private sale may

 

20

result in prices and other terms less favorable than if such sale were a public
sale and, notwithstanding
such circumstances, agrees that any such private sale shall be deemed to have been made in a
commercially reasonable manner. The Administrative Agent shall be under no obligation to delay a
sale of any of the Pledged Stock for the period of time necessary to permit the Issuer thereof to
register such securities for public sale under the Securities Act, or under applicable state
securities laws, even if such Issuer would agree to do so.

     (c) Each Grantor agrees to use its best efforts to do or cause to be done all such other acts
as may be necessary to make such sale or sales of all or any portion of the Pledged Stock pursuant
to this Section 7.7 valid and binding and in compliance with any and all other applicable
Requirements of Law. Each Grantor further agrees that a breach of any of the covenants contained
in this Section 7.7 will cause irreparable injury to the Administrative Agent and the Lenders, that
the Administrative Agent and the Lenders have no adequate remedy at law in respect of such breach
and, as a consequence, that each and every covenant contained in this Section 7.7 shall be
specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to
assert any defenses against an action for specific performance of such covenants except for a
defense that no Event of Default has occurred under the Credit Agreement.

     7.8. Deficiency. Grantor shall remain liable for any deficiency if the proceeds of
any sale or other disposition of the Collateral are insufficient to pay its Obligations and the
fees and disbursements of any attorneys employed by the Administrative Agent or any Lender to
collect such deficiency.

     SECTION 8. THE ADMINISTRATIVE AGENT

     8.1. Administrative Agent’s Appointment as Attorney-in-Fact, etc

     (a) Each Grantor hereby irrevocably constitutes and appoints the Administrative Agent and any
officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact
with full irrevocable power and authority in the place and stead of such Grantor and in the name of
such Grantor or in its own name, for the purpose of carrying out the terms of this Agreement, to
take any and all appropriate action and to execute any and all documents and instruments which may
be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the
generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and
right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of
the following:

     (i) in the name of such Grantor or its own name, or otherwise, take possession of and
indorse and collect any checks, drafts, notes, acceptances or other instruments for the
payment of moneys due under any Receivable or with respect to any other Collateral and file
any claim or take any other action or proceeding in any court of law or equity or otherwise
deemed appropriate by the Administrative Agent for the purpose of collecting any and all
such moneys due under any Receivable or with respect to any other Collateral whenever
payable;

     (ii) pay or discharge taxes and Liens levied or placed on or threatened against the
Collateral, effect any repairs or any insurance called for by the terms of this Agreement
and pay all or any part of the premiums therefor and the costs thereof;

     (iii) execute, in connection with any sale provided for in Section 7.6 or 7.7, any
indorsements, assignments or other instruments of conveyance or transfer with respect to the
Collateral; and

 

21

     (iv) direct any party liable for any payment under any of the Collateral to make
payment of any and all moneys due or to become due thereunder directly to the Administrative
Agent or as the Administrative Agent shall direct; (1) ask or demand for, collect, and
receive payment of and receipt for, any and all moneys, claims and other amounts due or to
become due at any time in respect of or arising out of any Collateral; (2) sign and indorse
any invoices, freight or express bills, bills of lading, storage or warehouse receipts,
drafts against debtors, assignments, verifications, notices and other documents in
connection with any of the Collateral; (3) commence and prosecute any suits, actions or
proceedings at law or in equity in any court of competent jurisdiction to collect the
Collateral or any portion thereof and to enforce any other right in respect of any
Collateral; (4) defend any suit, action or proceeding brought against such Grantor with
respect to any Collateral; (5) settle, compromise or adjust any such suit, action or
proceeding and, in connection therewith, give such discharges or releases as the
Administrative Agent may deem appropriate; and (6) generally, sell, transfer, pledge and
make any agreement with respect to or otherwise deal with any of the Collateral as fully and
completely as though the Administrative Agent were the absolute owner thereof for all
purposes, and do, at the Administrative Agent’s option and such Grantor’s expense, at any
time, or from time to time, all acts and things which the Administrative Agent deems
necessary to protect, preserve or realize upon the Collateral and the Administrative Agent’s
and the Lenders’ security interests therein and to effect the intent of this Agreement, all
as fully and effectively as such Grantor might do.

     Anything in this Section 8.1(a) to the contrary notwithstanding, the Administrative Agent
agrees that it will not exercise any rights under the power of attorney provided for in this
Section 8.1(a) unless an Event of Default shall have occurred and be continuing.

     (b) If any Grantor fails to perform or comply with any of its agreements contained herein, the
Administrative Agent, at its option, but without any obligation so to do, may perform or comply, or
otherwise cause performance or compliance, with such agreement.

     (c) The expenses of the Administrative Agent incurred in connection with actions undertaken as
provided in this Section 8.1, together with interest thereon at a rate per annum equal to the
highest rate per annum at which interest would then be payable on any category of past due ABR
Loans under the Credit Agreement, from the date of payment by the Administrative Agent to the date
reimbursed by the relevant Grantor, shall be payable by such Grantor to the Administrative Agent on
demand.

     (d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done
by virtue hereof. All powers, authorizations and agencies contained in this Agreement are coupled
with an interest and are irrevocable until this Agreement is terminated and the security interests
created hereby are released.

     8.2. Duty of Administrative Agent. The Administrative Agent’s sole duty with respect
to the custody, safekeeping and physical preservation of the Collateral in its possession, under
Section 9-207 of the New York UCC or otherwise, shall be to deal with it in the same manner as the
Administrative Agent deals with similar property for its own account. Neither the Administrative
Agent, any Lender nor any of their respective officers, directors, employees or agents shall be
liable for failure to demand, collect or realize upon any of the Collateral or for any delay in
doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the
request of any Grantor or any other Person or to take any other action whatsoever with regard to
the Collateral or any part thereof. The powers conferred on the Administrative Agent and the
Lenders hereunder are solely to protect the Administrative Agent’s and the Lenders’ interests in
the
Collateral and shall not impose any duty upon the Administrative Agent or any Lender to
exercise any such powers. The Administrative Agent and the

 

22

Lenders shall be accountable only for
amounts that they actually receive as a result of the exercise of such powers, and neither they nor
any of their officers, directors, employees or agents shall be responsible to any Grantor for any
act or failure to act hereunder, except for their own gross negligence or willful misconduct.

     8.3. Execution of Financing Statements. Pursuant to any applicable law, each Grantor
authorizes the Administrative Agent to file or record financing statements and other filing or
recording documents or instruments with respect to the Collateral without the signature of such
Grantor in such form and in such offices as the Administrative Agent determines appropriate to
perfect the security interests of the Administrative Agent under this Agreement. Each Grantor
hereby ratifies and authorizes the filing by the Administrative Agent of any financing statement
solely with respect to the Collateral made prior to the Closing Date. A photographic or other
reproduction of this Agreement shall be sufficient as a financing statement or other filing or
recording document or instrument for filing or recording in any jurisdiction.

     8.4. Authority of Administrative Agent. Each Grantor acknowledges that the rights and
responsibilities of the Administrative Agent under this Agreement with respect to any action taken
by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any
option, voting right, request, judgment or other right or remedy provided for herein or resulting
or arising out of this Agreement shall, as between the Administrative Agent and the Lenders, be
governed by the Credit Agreement and by such other agreements with respect thereto as may exist
from time to time among them, but, as between the Administrative Agent and the Grantors, the
Administrative Agent shall be conclusively presumed to be acting as agent for the Lenders with full
and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation,
or entitlement, to make any inquiry respecting such authority.

     SECTION 9. MISCELLANEOUS

     9.1. Amendments in Writing. None of the terms or provisions of this Agreement may be
waived, amended, supplemented or otherwise modified except in accordance with subsection 10.1 of
the Credit Agreement.

     9.2. Notices. All notices, requests and demands to or upon the Administrative Agent
or any Grantor hereunder shall be effected in the manner provided for in subsection 10.2 of the
Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall
be addressed to such Guarantor at its notice address set forth on Schedule 1.

     9.3. No Waiver by Course of Conduct; Cumulative Remedies. Neither the Administrative
Agent nor any Lender shall by any act (except by a written instrument pursuant to Section 9.1),
delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or
to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in
exercising, on the part of the Administrative Agent or any Lender, any right, power or privilege
hereunder shall operate as a waiver thereof. No single or partial exercise of any right,
power or privilege hereunder shall preclude any other or further exercise thereof or the
exercise of any other right, power or privilege. A waiver by the Administrative Agent or any
Lender of any right or remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Administrative Agent or such Lender would otherwise have on any future
occasion. The rights and remedies herein provided are cumulative, may be exercised singly or
concurrently and are not exclusive of any other rights or remedies provided by law.

 

 

23

          9.4. Enforcement Expenses; Indemnification

          (a) Each Guarantor agrees to pay or reimburse each Lender and the Administrative Agent for all
its costs and expenses incurred in collecting against such Guarantor under the guarantees contained
in Section 2 or 3, as applicable, or otherwise enforcing or preserving any rights under this
Agreement and the other Loan Documents to which such Guarantor is a party, including, without
limitation, the reasonable fees and disbursements of counsel (including the allocated fees and
expenses of in-house counsel) to each Lender and of counsel to the Administrative Agent.

          (b) Each Guarantor agrees to pay, and to save the Administrative Agent and the Lenders
harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any
and all stamp, excise, sales or other taxes which may be payable or determined to be payable with
respect to any of the Collateral or in connection with any of the transactions contemplated by this
Agreement.

          (c) Each Guarantor agrees to pay, and to save the Administrative Agent and the Lenders
harmless from, any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to
the execution, delivery, enforcement, performance and administration of this Agreement to the
extent the Borrower would be required to do so pursuant to subsection 10.5 of the Credit Agreement.

          (d) The agreements in this Section 9.4 shall survive repayment of the Obligations and all
other amounts payable under the Credit Agreement and the other Loan Documents.

          9.5. Successors and Assigns. This Agreement shall be binding upon the successors and
assigns of each Grantor and shall inure to the benefit of the Administrative Agent and the Secured
Parties and their successors and assigns; provided that no Grantor may assign, transfer or delegate
any of its rights or obligations under this Agreement without the prior written consent of the
Administrative Agent.

          9.6. Set-Off. Each Grantor hereby irrevocably authorizes the Administrative Agent and
each Lender at any time and from time to time while an Event of Default shall have occurred and be
continuing, without notice to such Grantor or any other Grantor, any such notice being expressly
waived by each Grantor, to set-off and appropriate and apply any and all deposits (general or
special, time or demand, provisional or final), in any currency, and any other credits,
indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or
contingent, matured or unmatured, at any time held or owing by the Administrative Agent or such
Lender to or for the credit or the account of such Grantor, or any part thereof in such amounts as
the Administrative Agent or such Lender may elect, against and on account of the obligations and
liabilities of such Grantor to the Administrative Agent or such Lender hereunder and claims of
every nature and description of the Administrative Agent or such Lender against
such Grantor, in any currency, whether arising hereunder, under the Credit Agreement, any
other Loan Document or otherwise, as the Administrative Agent or such Lender may elect, whether or
not the Administrative Agent or any Lender has made any demand for payment and although such
obligations, liabilities and claims may be contingent or unmatured. The Administrative Agent and
each Lender shall notify such Grantor promptly of any such set-off and the application made by the
Administrative Agent or such Lender of the proceeds thereof, provided that the failure to give such
notice shall not affect the validity of such set-off and application. The rights of the
Administrative Agent and each Lender under this Section 9.6 are in addition to other rights and
remedies (including, without limitation, other rights of set-off) which the Administrative Agent or
such Lender may have.

 

24

          9.7. Counterparts. This Agreement may be executed by one or more of the parties to
this Agreement on any number of separate counterparts (including by telecopy), and all of said
counterparts taken together shall be deemed to constitute one and the same instrument.

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

          9.9. Section Headings. The Section headings used in this Agreement are for
convenience of reference only and are not to affect the construction hereof or be taken into
consideration in the interpretation hereof.

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

          9.11. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

          9.12. Submission To Jurisdiction; Waivers. Each Grantor hereby irrevocably and
unconditionally:

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

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

          (c) agrees that service of process in any such action or proceeding may be effected by mailing
a copy thereof by registered or certified mail (or any substantially similar form of mail), postage
prepaid, to such Grantor at its address referred to in Section 9.2 or at such other address of
which the Administrative Agent shall have been notified pursuant thereto;

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

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

          9.13. Acknowledgments. Each Grantor hereby acknowledges that:

 

25

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

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

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

          9.14. Additional Grantors. Each Domestic Subsidiary Borrower that is required to
become a party to this Agreement pursuant to subsection 10.1(b) of the Credit Agreement shall
become a Grantor for all purposes of this Agreement upon execution and delivery by such Domestic
Subsidiary Borrower of an Assumption Agreement in the form of Annex 1 hereto.

          9.15. Releases; Reinstatement.

          (a) At such time as the Loans, the Reimbursement Obligations and the other Obligations shall
have been paid in full, the Commitments have been terminated and no Letters of Credit shall be
outstanding, the Collateral shall be released from the Liens created hereby, and this Agreement and
all obligations (other than those expressly stated to survive such termination) of the
Administrative Agent and each Grantor hereunder shall terminate, all without delivery of any
instrument or performance of any act by any party, and all rights to the Collateral shall revert to
the Grantors. At the request and sole expense of any Grantor following any such termination, the
Administrative Agent shall deliver to such
Grantor any Collateral held by the Administrative Agent hereunder, and execute and deliver to
such Grantor such documents as such Grantor shall reasonably request to evidence such termination.

          (b) If any of the Collateral shall be sold, transferred or otherwise disposed of by any
Grantor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the
request and sole expense of such Grantor, shall execute and deliver to such Grantor all releases or
other documents reasonably necessary or desirable for the release of the Liens created hereby on
such Collateral. At the request and sole expense of the Borrower, a Subsidiary Guarantor shall be
released from its obligations hereunder in the event that all the Capital Stock of such Subsidiary
Guarantor shall be sold, transferred or otherwise disposed of in a transaction permitted by the
Credit Agreement; provided that the Borrower shall have delivered to the Administrative
Agent, at least ten Business Days prior to the date of the proposed release, a written request for
release identifying the relevant Subsidiary Guarantor and the terms of the sale or other
disposition in reasonable detail, including the price thereof and any expenses in connection
therewith, together with a certification by the Borrower stating that such transaction is in
compliance with the Credit Agreement and the other Loan Documents.

          (c) At such time as the Specified Ratings shall be in effect, the Borrower shall have the
right by written notice to the Administrative Agent to require all Collateral be released from any
security interest created hereby. On any such date (a “Ratings Release Date”), all rights
to the Collateral shall transfer and revert to the Borrower and the Guarantors (the period from and
after any such date (and prior to a reinstatement required pursuant to Section 9.15(e) or (f)), an
“Unsecured Period”). On any such Ratings Release Date, the Grantors shall be authorized
and the Administrative Agent hereby authorizes each Grantor, to prepare and record UCC termination
statements with respect to any financing statements recorded by the Administrative Agent hereunder.
At the request and sole expense of the Borrower

 

26

following a Ratings Release Date, the
Administrative Agent shall deliver to the Borrower any Collateral (including certificates
representing the Pledged Stock) held by the Administrative Agent hereunder, and execute and deliver
to the Borrower such documents as the Borrower shall reasonably request to evidence such
termination.

          (d) At such date as the Leverage Ratio shall have been equal to or less than 2.50 to 1.00 for
a period of four consecutive fiscal quarters, the Borrower shall have the right by written notice
to the Administrative Agent to require that all Collateral other than Pledged Stock be released
from any security interest created hereby. On any such date (a “Leverage Release Date”),
all rights to such Collateral shall transfer and revert to the Borrower and the Guarantors (the
period from an after any such date (and prior to a reinstatement required pursuant to Section
9.15(f)), a “Capital Stock Security Period”). On or after any such Leverage Release Date,
the Grantors shall be authorized and the Administrative Agent hereby authorizes each Grantor, to
prepare and record UCC amendments with respect to any financing statements recorded by the
Administrative Agent hereunder to reflect the release of all Collateral other than Pledged Stock.
At the request and sole expense of the Borrower following a Leverage Release Date, the
Administrative Agent shall deliver to the Borrower any Collateral (other than certificates
representing Pledged Stock) held by the Administrative Agent hereunder, and execute and deliver to
the Borrower such documents as the Borrower shall reasonably request to evidence such termination.

          (e) Notwithstanding clause (c) of this Section 9.15, in the event that the Specified Ratings
shall no longer be in effect as a result of a ratings downgrade by either S&P or Moody’s at any
time during an Unsecured Period, the Collateral shall be reinstated in full within sixty days of
such event, along with any necessary UCC filings, modifications to the Schedules hereto and such
other actions requested by the Administrative Agent as are reasonably necessary to grant a first
priority perfected security interest (subject to Liens otherwise permitted by this Agreement and
the Credit Agreement) in such Collateral; provided that if at such time the Borrower would
be permitted to seek a release of all
Collateral other than Pledged Stock in accordance with clause (d) of this Section 9.15, such
reinstatement requirement shall apply only to Pledged Stock.

          (f) Notwithstanding clause (d) of this Section 9.15, in the event that the Leverage Ratio as
at the end of any fiscal quarter of the Borrower shall be in excess of 2.50 to 1.00 at any time
during a Capital Stock Security Period and the Specified Ratings shall not then be in effect, the
Required Lenders may, upon written notice by the Administrative Agent to the Borrower, require that
all Collateral be reinstated in full within sixty days of such notice, along with any necessary UCC
filings, modifications to the Schedules hereto and such other actions as are reasonably necessary
to grant a first priority (subject to Liens permitted by this Agreement and the Credit Agreement)
perfected security interest in such Collateral.

          9.16. Conflict of Laws. Notwithstanding anything to the contrary herein, in the event
that any provision of any pledge, charge or foreign equivalent executed by any Foreign Subsidiary
and governed by the laws of the applicable foreign jurisdiction is inconsistent with any
corresponding provision in this Agreement, the provision in such pledge, charge or foreign
equivalent shall govern.

          9.17. WAIVER OF JURY TRIAL. EACH GRANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY
WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

[Remainder of page intentionally left blank]

 

     IN WITNESS WHEREOF, each of the undersigned has caused this Amended and Restated
Guarantee and Collateral Agreement to be duly executed and delivered as of the date first above
written.

	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.

	 

	 	By:
	 	/s/ Randolph Cates
	 

	 	 	 	 
	 

	 	 	 	Name: Randolph Cates
	 

	 	 	 	Title: Vice President

	 	 	THE SCOTTS MIRACLE-GRO COMPANY

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	THE SCOTTS COMPANY LLC

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	MIRACLE-GRO LAWN PRODUCTS, INC.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	OMS INVESTMENTS, INC.

	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	 	 	Name: Edward R. Claggett
	 

	 	 	 	Title: President and Chief Executive Officer

	 	 	HYPONEX CORPORATION

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

 

 

	 	 	 	 	 
	 	 	SCOTTS PRODUCTS CO.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	SCOTTS PROFESSIONAL PRODUCTS CO.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	SCOTTS-SIERRA HORTICULTURAL PRODUCTS COMPANY

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	SCOTTS-SIERRA CROP PROTECTION COMPANY

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	SCOTTS-SIERRA INVESTMENTS, INC.

	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	 	 	Name: Edward R. Claggett
	 

	 	 	 	Title: President and Chief Executive Officer

	 	 	EG SYSTEMS, INC.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	SWISS FARMS PRODUCTS, INC.

	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	 	 	Name: Edward R. Claggett
	 

	 	 	 	Title: President and Chief Executive Officer

 

 

	 	 	 	 	 
	 	 	SCOTTS MANUFACTURING COMPANY

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	SCOTTS TEMECULA OPERATIONS, LLC

	 

	 	By:
	 	/s/ Edward R. Claggett
	 

	 	 	 	 
	 

	 	 	 	Name: Edward R. Claggett
	 

	 	 	 	Title: Vice President and Assistant Secretary

	 	 	SMITH & HAWKEN, LTD.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Senior Vice President

	 	 	SANFORD SCIENTIFIC, INC.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	SMG GROWING MEDIA, INC.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	GUTWEIN & CO., INC.

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

	 	 	ROD MCCLELLAN COMPANY

	 

	 	By:
	 	/s/ David C. Evans
	 

	 	 	 	 
	 

	 	 	 	Name: David C. Evans
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer

 

 

 

ACKNOWLEDGMENT AND CONSENT

          The undersigned hereby acknowledges receipt of a copy of the Amended and Restated Guarantee
and Collateral Agreement dated as of February 7, 2007 (the “Agreement”), made by the
Grantors parties thereto in favor of JPMorgan Chase Bank, N.A., as Administrative Agent. The
undersigned agrees for the benefit of the Administrative Agent and the Secured Parties as follows:

     SECTION 1. The undersigned will be bound by the terms of the Agreement and will comply with
such terms insofar as such terms are applicable to the undersigned.

     SECTION 2. The undersigned will notify the Administrative Agent promptly in writing of the
occurrence of any of the events described in Section 6.6(a) of the Agreement.

     SECTION 3. The terms of Sections 7.3(c) and 7.7 of the Agreement shall apply to it,
mutatis mutandis, with respect to all actions that may be required of it
pursuant to Section 7.3(c) or 7.7 of the Agreement.

	 	 	 	 	 
	 	[NAME OF ISSUER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 
	 	Address for Notices:	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 

	Fax:	 	 	 
	 

	 	 

	 

 

 

Annex 1 to

Amended and Restated Guarantee and Collateral Agreement

          ASSUMPTION AGREEMENT, dated as of                                         , 20___, made by
                                                            , a                     
corporation (the “Additional Grantor”), in
favor of JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the
“Administrative Agent”) for the banks and other financial institutions (the
“Lenders”) parties to the Credit Agreement referred to below. All capitalized terms not
defined herein shall have the meaning ascribed to them in such Credit Agreement.

W I
T N E S S E T H :

          WHEREAS, The Scotts Miracle-Gro Company, an Ohio corporation (the “Borrower”), the
Subsidiary Borrowers, the Lenders, the Administrative Agent, the Documentation Agent and the
Syndication Agent have entered into a Amended and Restated Credit Agreement, dated as of
[                    ] (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”);

          WHEREAS, in connection with the Credit Agreement, the Borrower and certain of its Affiliates
(other than the Additional Grantor) have entered into the Amended and Restated Guarantee and
Collateral Agreement, dated as of [                    ] (as amended, supplemented or otherwise modified from
time to time, the “Guarantee and Collateral Agreement”) in favor of the Administrative
Agent for the ratable benefit of the Secured Parties;

          WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the
Guarantee and Collateral Agreement; and

          WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in
order to become a party to the Guarantee and Collateral Agreement;

          NOW, THEREFORE, IT IS AGREED:

          1. Guarantee and Collateral Agreement. By executing and delivering this Assumption
Agreement, the Additional Grantor, as provided in Section 9.14 of the Guarantee and Collateral
Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder
with the same force and effect as if originally named therein as a Grantor and, without limiting
the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a
Grantor thereunder. The information set forth in Annex 1-A hereto is hereby added to the
information set forth in the Schedules to the Guarantee and Collateral Agreement. The Additional
Grantor hereby represents and warrants that each of the representations and warranties contained in
Section 5 of the Guarantee and Collateral Agreement is true and correct on and as the date hereof
(after giving effect to this Assumption Agreement) as if made on and as of such date.

          2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

[Remainder of page intentionally left blank]

 

2

          IN WITNESS WHEREOF, the undersigned has caused this Assumption Agreement to be duly executed
and delivered as of the date first above written.

	 	 	 	 	 
	 	[ADDITIONAL GRANTOR]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

Annex 1-A to

Assumption Agreement

Supplement to Schedule 1

Supplement to Schedule 2

Supplement to Schedule 3

Supplement to Schedule 4

 

 

SCHEDULE 1

NOTICE ADDRESSES OF GUARANTORS

	 	 	 
	1.

	 	The Scotts Miracle-Gro Company
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	2.

	 	The Scotts Company LLC
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	3.

	 	Miracle-Gro Lawn Products, Inc.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	4.

	 	OMS Investments, Inc.
	 

	 	10250 Constellation Blvd., Suite 2800
	 

	 	Los Angeles, CA 90067-6228
	 

	 	Attn: Luis A. Rodriquez
	 
	 	 
	5.

	 	Hyponex Corporation
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	6.

	 	Scotts Products Co.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	7.

	 	Scotts Professional Products Co.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	8.

	 	Scotts-Sierra Horticultural Products Company
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz

 

 

	 	 	 
	9.

	 	Scotts-Sierra Crop Protection Company
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	10.

	 	Scotts-Sierra Investments, Inc.
	 

	 	Delaware Corporate Management
	 

	 	1105 N. Market Street
	 

	 	Wilmington, Delaware 19899
	 

	 	Attn: Susan T. Dubb
	 
	 	 
	11.

	 	EG Systems, Inc.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	12.

	 	Swiss Farms Products, Inc.
	 

	 	3993 Howard Hughes Parkway, Suite 250
	 

	 	Las Vegas, Nevada 89169-6754
	 

	 	Attn: Garry J. Hills
	 
	 	 
	13.

	 	Scotts Manufacturing Company
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	14.

	 	Scotts Temecula Operations, LLC
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	15.

	 	Smith & Hawken, Ltd.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	16.

	 	Sanford Scientific, Inc.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	17.

	 	SMG Growing Media, Inc.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz

 

 

	 	 	 
	18.

	 	Rod McLellan Company
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz
	 
	 	 
	19.

	 	Gutwein & Co., Inc.
	 

	 	14111 Scottslawn Road
	 

	 	Marysville, Ohio 43041
	 

	 	Attn: David M. Aronowitz

 

 

SCHEDULE 2

DESCRIPTION OF INVESTMENT PROPERTY

	 	 	 	 	 	 	 	 	 
	Issuer	 	Owner	 	Class of Stock	 	Certificate No.	 	No. of Shares
	 
	 	 	 	 	 	 	 	 
	Scotts
Manufacturing
Company

	 	The Scotts Company
LLC
	 	common shares, $.01 par value
	 	 2
	 	 1,000
	 
	 	 	 	 	 	 	 	 
	Miracle-Gro Lawn
Products, Inc.

	 	Scotts
Manufacturing
Company
	 	voting common stock, without par value
	 	V14
	 	 1,000
	 
	 	 	 	 	 	 	 	 
	 

	 	Scotts
Manufacturing
Company
	 	non-voting common stock, without par
value
	 	NV12
	 	 999.8
	 
	 	 	 	 	 	 	 	 
	OMS Investments,
Inc.

	 	The Scotts Company
LLC
	 	common stock,
$.01 par value
	 	 3
	 	 100
	 
	 	 	 	 	 	 	 	 
	Hyponex Corporation

	 	The Scotts Company
LLC
	 	common stock,
$.01 par value
	 	 3
	 	 100
	 
	 	 	 	 	 	 	 	 
	Scotts Products Co.

	 	The Scotts Company
LLC
	 	common shares, without par value
	 	 3
	 	 100
	 
	 	 	 	 	 	 	 	 
	Scotts Professional
Products Co.

	 	The Scotts Company
LLC
	 	common shares, without par value
	 	 3
	 	 100
	 
	 	 	 	 	 	 	 	 
	Scotts-Sierra
Horticultural
Products Company

	 	The Scotts Company
LLC
	 	Class A voting common shares,
$.001 par value
	 	Class A Cert. No. 6
	 	 101
	 
	 	 	 	 	 	 	 	 
	 

	 	The Scotts Company
LLC
	 	Class B non-voting common shares,
$.001 par value
	 	Class B Cert. No. 3
	 	 1
	 
	 	 	 	 	 	 	 	 
	Scotts-Sierra Crop
Protection Company

	 	Scotts-Sierra
Horticultural
Products Company
	 	common shares, without par value
	 	 2
	 	 100

 

 

	 	 	 	 	 	 	 	 	 
	Issuer	 	Owner	 	Class of Stock	 	Certificate No.	 	No. of Shares
	 
	 	 	 	 	 	 	 	 
	Scotts-Sierra
Investments, Inc.

	 	Scotts-Sierra

Horticultural
Products

 Company
	 	Class A common stock, without par value
	 	 5A
	 	 100
	 
	 	 	 	 	 	 	 	 
	 

	 	Scotts-Sierra

Horticultural
Products

 Company
	 	Class A common stock, without par value
	 	 6A
	 	 1
	 
	 

	 	Scotts-Sierra

Horticultural
Products

 Company
	 	Class B common stock, without par value
	 	 3B
	 	 1
	 
	 	 	 	 	 	 	 	 
	Swiss Farms
Products, Inc.

	 	
The Scotts Company
LLC
	 	common stock, without par value
	 	 2
	 	 100
	 
	 	 	 	 	 	 	 	 
	Smith & Hawken, Ltd.

	 	The Scotts Company
LLC
	 	common stock
	 	 18
	 	 11,652,708
	 
	 	 	 	 	 	 	 	 
	EG Systems, Inc.

	 	The Scotts Company
LLC
	 	common stock
	 	 29
	 	 36,480,458
	 
	 	 	 	 	 	 	 	 
	Sanford Scientific,
Inc.

	 	The Scotts Company
LLC
	 	common stock
	 	 8
	 	 99
	 
	 	 	 	 	 	 	 	 
	Gutwein & Co., Inc.

	 	The Scotts Miracle-Gro Company
	 	common stock
	 	 182
	 	 1,000
	 
	 	 	 	 	 	 	 	 
	SMG Growing Media,
Inc.

	 	The Scotts
Miracle-Gro Company
	 	common stock
	 	 1
	 	 100
	 
	 	 	 	 	 	 	 	 
	Rod McLellan Company

	 	SMG Growing Media,
Inc.
	 	common stock
	 	 189
	 	 100
	 
	 	 	 	 	 	 	 	 
	The Scotts Company
LLC

	 	The Scotts
Miracle-Gro Company
	 	limited liability company interest
(not certificated)
	 	n/a
	 	n/a

 

 

	 	 	 	 	 	 	 	 	 
	Issuer	 	Owner	 	Class of Stock	 	Certificate No.	 	No. of Shares
	 
	 	 	 	 	 	 	 	 
	Scotts Temecula
Operations, LLC

	 	OMS
Investments, Inc.
	 	limited liability company interest
(not certificated)
	 	n/a
	 	n/a

 

 

SCHEDULE 3

JURISDICTION OF ORGANIZATION AND IDENTIFICATION NUMBERS

	 	 	 	 	 
	COMPANY	 	STATE	 	ID #
	 	 	 	 	 
	The Scotts Miracle-Gro Company
	 	Ohio
	 	1501530
	 	 	 	 	 
	The Scotts Company LLC
	 	Ohio
	 	1503259
	 	 	 	 	 
	Miracle-Gro Lawn Products, Inc.
	 	New York
	 	1772705 (Tax Only)
	 	 	 	 	 
	OMS Investments, Inc.
	 	Delaware
	 	2435730
	 	 	 	 	 
	Hyponex Corporation
	 	Delaware
	 	2162423
	 	 	 	 	 
	Scotts Products Co.
	 	Ohio
	 	744802
	 	 	 	 	 
	Scotts Professional Products Co.
	 	Ohio
	 	744807
	 	 	 	 	 
	Scotts-Sierra Horticultural Products Company
	 	California
	 	515533
	 	 	 	 	 
	Scotts-Sierra Crop Protection Company
	 	California
	 	1587880
	 	 	 	 	 
	Scotts-Sierra Investments, Inc.
	 	Delaware
	 	2512334
	 	 	 	 	 
	EG Systems, Inc.
	 	Indiana
	 	1994111235
	 	 	 	 	 
	Swiss Farms Products, Inc.
	 	Delaware
	 	2948445
	 	 	 	 	 
	Scotts Manufacturing Company
	 	Delaware
	 	1369282
	 	 	 	 	 
	Scotts Temecula Operations, LLC
	 	Delaware
	 	3426222
	 	 	 	 	 
	Smith & Hawken, Ltd.
	 	Delaware
	 	2324901
	 	 	 	 	 
	Sanford Scientific, Inc.
	 	New York
	 	1072783
	 	 	 	 	 
	SMG Growing Media, Inc.
	 	Ohio
	 	1567999
	 	 	 	 	 
	Rod McLellan Company
	 	California
	 	C0358446
	 	 	 	 	 
	Gutwein & Co., Inc.
	 	Indiana
	 	194186-148

 

 

ACTIONS WITH RESPECT TO PLEDGED STOCK

          Delivery of Pledged Stock to JPMorgan Chase Bank, N.A., as Administrative Agent, indorsed in
blank by an effective indorsement or accompanied by undated stock powers with respect thereto, duly
indorsed in blank by an effective indorsement.

 

 

SCHEDULE 4

SUBSIDIARIES

Gutwein & Co., Inc., an Indiana corporation

SMG Brands, Inc., a Delaware corporation

SMG Growing Media, Inc., an Ohio corporation

Rod McLellan Company, a California corporation

SMGM LLC, an Ohio limited liability company

The Scotts Company LLC, an Ohio limited liability company

EG Systems, Inc., dba Scotts LawnService, an Indiana corporation

Hyponex Corporation, a Delaware corporation

OMS Investments, Inc., a Delaware corporation

Scotts Temecula Operations, LLC, a Delaware limited liability company

Sanford Scientific, Inc., a New York corporation

Scotts Global Services, Inc., an Ohio corporation

Scotts Manufacturing Company, a Delaware corporation

Miracle-Gro Lawn Products, Inc., a New York corporation

Scotts Products Co., an Ohio corporation

Scotts Professional Products Co., an Ohio corporation

Scotts-Sierra Horticultural Products Company, a California corporation

Scotts-Sierra Crop Protection Company, a California corporation

Scotts-Sierra Investments, Inc., a Delaware corporation

Smith & Hawken, Ltd., a Delaware corporation

Swiss Farms Products, Inc., a Delaware corporation

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