Document:

Exhibit 10.1

ALBANY MOLECULAR RESEARCH,
INC.

AMENDED AND RESTATED

TECHNOLOGY DEVELOPMENT INCENTIVE PLAN

Section 1.
Purpose. This Amended Technology Development Incentive Plan (the “Plan”)
is adopted, pursuant to Section 11 of the Technology Development Incentive Plan
as revised on October 14, 2003, as a performance incentive for employees of
Albany Molecular Research, Inc. and its subsidiaries (the “Company”) to
stimulate and encourage the development of novel and innovative technology. The
Plan shall become effective on June 4, 2007.

Section 2.
Administration. The Plan shall be administered by a committee (the “Administrator”)
the members of which shall be the Chief Executive Officer of the Company, the
Chief Financial Officer of the Company and such employees as shall be
determined by the Board of Directors of the Company. Action by the
Administrator with respect to the Plan shall require the affirmative vote of a
majority of all of the committee’s members and any disputes shall be resolved
by the Chief Executive Officer. All determinations made by the Administrator
shall be final and binding upon all Participants.

Section 3.
Participants. Any employee of the Company shall be eligible to
participate in the Plan (each a “Participant”). 
Any Participant who is determined by the Administrator to meet the
qualifications outlined in Section 7 below shall be entitled to receive
technology incentive compensation (“TIC”) in accordance with this Plan.  Notwithstanding the existence of this Plan,
the Company shall own all right, title and interest in any Intellectual
Property developed by any Participant during such Participant’s employment with
the Company as further described in the Employee Innovation, Proprietary
Information and Post-Employment Activity Agreement.

For purposes of
this Plan (a) “Intellectual Property” shall mean inventions, Patent Rights,
copyrights, manufacturing processes, or related matter; and (b) “Patent Rights”
shall mean all rights in inventions or discoveries covered by invention
disclosures, patents, patent applications, patent extensions, certificates of
invention and applications for certificates of invention, or other equivalent
property rights in the U.S. or any other country, together with any originals,
provisionals, divisionals, continuations or continuations-in-part which name an
employee of the Company as either sole or joint inventor.

Section 4.  Project Initiation:

(a)           In order to be eligible for TIC, each
project (a “Project”) under which Intellectual Property may be developed must be
presented to the Company and the Administrator along with any record of
invention.  All Invention Record
submissions should contain a discussion of potential commercial utility and a
brief description of a potential market for the technology.

(b)           An
update for each Project shall be presented to the Administrator by the Participants
at least every six months.

Section 5.  Projects.  Each Project submitted to the Company shall
be evaluated by the Administrator and the Administrator shall determine whether
the Project is eligible for participation under the Plan. A Project deemed
eligible for participation shall earn an Initial TIC award for all Participants
at a fixed rate as determined by the Administrator as outlined in Paragraph 7.
In determining eligibility for participation under the Plan, the Administrator
shall consider the degree to which the Project falls outside the scope of the
assigned duties and scheduled work hours of the individual(s) promoting the
Project. A Project shall only be deemed eligible if the financial commitment
which the Company has contributed to the Project exceeds $1,000,000.00.

Section 6.  Allocation. The Participant(s)
involved in identifying and developing the Intellectual Property with respect
to any Project will propose, in consultation when necessary with the Company’s
lead patent attorney, an allocation of aggregate TIC earned in respect of the
Project among the co-inventors based on their relative contributions towards
identifying and proving the feasibility of the Project.  In cases where agreement cannot be obtained,
the Administrator will make a final determination of the allocation of
aggregate TIC, which determination shall be final and binding. The
Administrator in its sole discretion may, but shall not be required to, consult
with the Company’s patent counsel in making such determination.

Section 7.
Determination of Technology Incentive Compensation. The Initial TIC for
each Project approved under Section 5 will be awarded upon the financial
commitment for the Project exceeding $1,000,000.00. The TIC for a Project shall
be a fixed amount, which shall be determined on a case-by-case basis by the
Administrator and which shall not be less than $5000.

 If licensing, royalty or milestone revenue
arises out of a Project, the Participant(s) may be eligible to receive a
Supplemental TIC award. The amount of the Supplemental TIC award shall be a
fixed amount and shall be determined by the Administrator on case-by-case
basis. Individuals, other than the Participants, who perform Company-assigned
duties on a Project shall not be eligible for TIC.

Section 8.
Effective Date. The Plan shall become effective on June 4, 2007.  The Administrator will review each Project in
process and determine if substantive work has been initiated. Any Project
covered under the original Technology Development Incentive Plan as of June 3,
2007, shall be grandfathered under the original Plan, including the Amended
Plan as revised on October 14, 2003.

Section 9.
No Assignments. A Participant’s rights, if any, in any TIC payable under
the Plan may not be assigned or transferred except by will or by the laws of
descent and distribution, and are not subject to attachment, garnishment,
judicial order, execution or other creditors processes.  The rights and obligations of the Company
under the Plan may be assigned by the Company to a successor to substantially
all or any part of its business and thereupon the Company will be relieved of
any obligation it may have hereunder. 
All references to the Company herein shall, unless otherwise indicated,
be construed to include a successor to all or any part of the Company business.

Section
10.  Integration.
This Plan supersedes all prior plans, agreements, arrangements and
understandings relating to the subject matter hereof, including, without
limitation, the Company’s predecessor Technology Incentive Plan. However, this
plan does not adversely affect the rights of any Participant currently entitled
to TIC under the predecessor Plan.

Section
11.  Amendments
and Termination. The Board of Directors of the Company may, at any time,
amend or discontinue the Plan, but no such amendment or termination shall
adversely affect the rights of any Participant to TIC relating to Intellectual
Property invented or discovered prior to any such amendment or termination.

Section
12.  General.

(a)                            The
place and administration of the Plan shall be conclusively deemed to be within
the State of Delaware and the validity, construction, interpretation,
administration and effect of the Plan, and its rules and regulations, and the
rights of any and all persons having or claiming to have an interest therein or
thereunder shall be governed by, and determined exclusively and solely in
accordance with, the laws of the State of Delaware.

(b)                                 Nothing
contained in the Plan and no action taken pursuant to the provisions of the
Plan shall create or be considered to create a trust or fund of any kind or
fiduciary relationship between the Company and any Participant or any of its
other employees or a security interest of any kind in any property of the
Company in favor of any Participant or any other person.Exhibit
10.1

 

$300,000,000

SENIOR
CREDIT AGREEMENT

among

WEBSENSE,
INC.,

as Borrower,

The
Several Lenders

from Time to Time Parties Hereto,

MORGAN
STANLEY SENIOR FUNDING, INC.,

as Syndication Agent,

BANK
OF AMERICA, N.A.,

as Documentation Agent,

and

MORGAN
STANLEY SENIOR FUNDING, INC.,

as Senior Administrative Agent and Senior Collateral Agent

Dated
as of April 26, 2007

 

MORGAN STANLEY
SENIOR FUNDING, INC.,

as Sole Lead Arranger and Sole Bookrunner

TABLE
OF CONTENTS

	
   

  	
   

  	
   

  	
   

  	
  Page

  
	
  SECTION 1.

  	
   

  	
  DEFINITIONS

  	
   

  	
  1

  
	
  1.1

  	
   

  	
  Defined Terms

  	
   

  	
  1

  
	 
	
  1.2

  	
   

  	
  Other Definitional Provisions

  	
   

  	
  36

  
	 
	
   

  	
   

  	
   

  	
   

  	
   

  
	 
	
  SECTION 2.

  	
   

  	
  AMOUNT AND TERMS OF TERM COMMITMENTS

  	
   

  	
  37

  
	 
	
  2.1

  	
   

  	
  Term Commitments

  	
   

  	
  37

  
	 
	
  2.2

  	
   

  	
  Procedure for Term Loan Borrowing

  	
   

  	
  37

  
	 
	
  2.3

  	
   

  	
  Repayment of Term Loans

  	
   

  	
  37

  
	 
	
   

  	
   

  	
   

  	
   

  	
   

  
	 
	
  SECTION 3.

  	
   

  	
  AMOUNT AND TERMS OF REVOLVING COMMITMENTS

  	
   

  	
  37

  
	 
	
  3.1

  	
   

  	
  Revolving Commitments

  	
   

  	
  37

  
	 
	
  3.2

  	
   

  	
  Procedure for Revolving Loan Borrowing

  	
   

  	
  38

  
	 
	
  3.3

  	
   

  	
  Swingline Commitment

  	
   

  	
  38

  
	 
	
  3.4

  	
   

  	
  Procedure for Swingline Borrowing; Refunding of
  Swingline Loans

  	
   

  	
  39

  
	 
	
  3.5

  	
   

  	
  Commitment Fees, etc.

  	
   

  	
  40

  
	 
	
  3.6

  	
   

  	
  Termination or Reduction of Revolving Commitments

  	
   

  	
  41

  
	 
	
  3.7

  	
   

  	
  L/C Commitment

  	
   

  	
  41

  
	 
	
  3.8

  	
   

  	
  Procedure for Issuance of Letter of Credit

  	
   

  	
  42

  
	 
	
  3.9

  	
   

  	
  Fees and Other Charges

  	
   

  	
  42

  
	 
	
  3.10

  	
   

  	
  L/C Participations

  	
   

  	
  42

  
	 
	
  3.11

  	
   

  	
  Reimbursement Obligation of the Borrower

  	
   

  	
  43

  
	 
	
  3.12

  	
   

  	
  Obligations Absolute

  	
   

  	
  44

  
	 
	
  3.13

  	
   

  	
  Letter of Credit Payments

  	
   

  	
  44

  
	 
	
  3.14

  	
   

  	
  Applications

  	
   

  	
  45

  
	 
	
   

  	
   

  	
   

  	
   

  	
   

  
	 
	
  SECTION 4.

  	
   

  	
  GENERAL PROVISIONS APPLICABLE TO LOANS AND LETTERS
  OF CREDIT

  	
   

  	
  45

  
	 
	
  4.1

  	
   

  	
  Optional Prepayments

  	
   

  	
  45

  
	 
	
  4.2

  	
   

  	
  Mandatory Prepayments and Commitment Reductions

  	
   

  	
  45

  
	 
	
  4.3

  	
   

  	
  Conversion and Continuation Options

  	
   

  	
  46

  
	 
	
  4.4

  	
   

  	
  Limitations on Eurodollar Tranches

  	
   

  	
  47

  
	 
	
  4.5

  	
   

  	
  Interest Rates and Payment Dates

  	
   

  	
  47

  
	 
	
  4.6

  	
   

  	
  Computation of Interest and Fees

  	
   

  	
  48

  
	 
	
  4.7

  	
   

  	
  Inability to Determine Interest Rate

  	
   

  	
  48

  
	 
	
  4.8

  	
   

  	
  Pro Rata Treatment and Payments

  	
   

  	
  49

  
	 
	
  4.9

  	
   

  	
  Requirements of Law

  	
   

  	
  50

  
	 
	
  4.10

  	
   

  	
  Taxes

  	
   

  	
  51

  
	 
	
  4.11

  	
   

  	
  Indemnity

  	
   

  	
  54

  
	 
	
  4.12

  	
   

  	
  Change of Lending Office

  	
   

  	
  54

  
	 
	
  4.13

  	
   

  	
  Replacement of Lenders

  	
   

  	
  54

  
	 
	
  4.14

  	
   

  	
  Evidence of Debt

  	
   

  	
  55

  
										

 

 i
 

 

	
  4.15

  	
   

  	
  Illegality

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	 
	
  SECTION 5.

  	
   

  	
  REPRESENTATIONS AND WARRANTIES

  	
   

  	
  56

  
	 
	
  5.1

  	
   

  	
  Financial Condition

  	
   

  	
  56

  
	 
	
  5.2

  	
   

  	
  No Change

  	
   

  	
  57

  
	 
	
  5.3

  	
   

  	
  Corporate Existence; Compliance with Law

  	
   

  	
  57

  
	 
	
  5.4

  	
   

  	
  Power; Authorization; Enforceable Obligations

  	
   

  	
  57

  
	 
	
  5.5

  	
   

  	
  No Legal Bar

  	
   

  	
  58

  
	 
	
  5.6

  	
   

  	
  Litigation

  	
   

  	
  58

  
	 
	
  5.7

  	
   

  	
  No Default

  	
   

  	
  58

  
	 
	
  5.8

  	
   

  	
  Ownership of Property; Liens

  	
   

  	
  58

  
	 
	
  5.9

  	
   

  	
  Intellectual Property

  	
   

  	
  59

  
	 
	
  5.10

  	
   

  	
  Taxes

  	
   

  	
  59

  
	 
	
  5.11

  	
   

  	
  Federal Regulations

  	
   

  	
  59

  
	 
	
  5.12

  	
   

  	
  Labor Matters

  	
   

  	
  59

  
	 
	
  5.13

  	
   

  	
  ERISA

  	
   

  	
  59

  
	 
	
  5.14

  	
   

  	
  Investment Company Act; Other Regulations

  	
   

  	
  60

  
	 
	
  5.15

  	
   

  	
  Subsidiaries

  	
   

  	
  60

  
	 
	
  5.16

  	
   

  	
  Use of Proceeds

  	
   

  	
  60

  
	 
	
  5.17

  	
   

  	
  Environmental Matters

  	
   

  	
  60

  
	 
	
  5.18

  	
   

  	
  Accuracy of Information, etc.

  	
   

  	
  61

  
	 
	
  5.19

  	
   

  	
  Security Documents

  	
   

  	
  62

  
	 
	
  5.20

  	
   

  	
  Solvency

  	
   

  	
  63

  
	 
	
  5.21

  	
   

  	
  Indebtedness

  	
   

  	
  63

  
	 
	
  5.22

  	
   

  	
  Anti-Terrorism Laws

  	
   

  	
  63

  
	 
	
   

  	
   

  	
   

  	
   

  	
   

  
	 
	
  SECTION 6.

  	
   

  	
  CONDITIONS PRECEDENT

  	
   

  	
  64

  
	 
	
  6.1

  	
   

  	
  Effective Date

  	
   

  	
  64

  
	 
	
  6.2

  	
   

  	
  Conditions to the Funding Date

  	
   

  	
  66

  
	 
	
  6.3

  	
   

  	
  Each Credit Event

  	
   

  	
  68

  
	 
	
  6.4

  	
   

  	
  Certain Funds

  	
   

  	
  68

  
	 
	
   

  	
   

  	
   

  	
   

  	
   

  
	 
	
  SECTION 7.

  	
   

  	
  AFFIRMATIVE COVENANTS

  	
   

  	
  70

  
	 
	
  7.1

  	
   

  	
  Financial Statements

  	
   

  	
  70

  
	 
	
  7.2

  	
   

  	
  Certificates; Other Information

  	
   

  	
  71

  
	 
	
  7.3

  	
   

  	
  Payment of Obligations

  	
   

  	
  72

  
	 
	
  7.4

  	
   

  	
  Maintenance of Existence; Compliance

  	
   

  	
  73

  
	 
	
  7.5

  	
   

  	
  Maintenance of Property; Insurance

  	
   

  	
  73

  
	 
	
  7.6

  	
   

  	
  Inspection of Property; Books and Records;
  Discussions

  	
   

  	
  73

  
	 
	
  7.7

  	
   

  	
  Notices

  	
   

  	
  73

  
	 
	
  7.8

  	
   

  	
  Environmental Laws

  	
   

  	
  74

  
	 
	
  7.9

  	
   

  	
  Interest Rate Protection; Hedging Requirements

  	
   

  	
  74

  
	 
	
  7.10

  	
   

  	
  Additional Collateral, etc.

  	
   

  	
  74

  
	 
	
  7.11

  	
   

  	
  Offer Conversion

  	
   

  	
  76

  
	 
	
  7.12

  	
   

  	
  Conduct of the Scheme

  	
   

  	
  76

  
	 
	
  7.13

  	
   

  	
  Conduct of the Offer

  	
   

  	
  78

  
	 
	
  7.14

  	
   

  	
  Further Assurances

  	
   

  	
  79

  
										

 

 ii
 

 

	
  7.15

  	
   

  	
  Rated Credit Term Facility; Corporate Ratings

  	
   

  	
  80

  
	
  7.16

  	
   

  	
  Syndication

  	
   

  	
  80

  
	
  7.17

  	
   

  	
  Blocked Accounts; Escrow Accounts

  	
   

  	
  80

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 8.

  	
   

  	
  NEGATIVE COVENANTS

  	
   

  	
  81

  
	
  8.1

  	
   

  	
  Financial Condition Covenants

  	
   

  	
  81

  
	
  8.2

  	
   

  	
  Indebtedness

  	
   

  	
  83

  
	
  8.3

  	
   

  	
  Liens

  	
   

  	
  85

  
	
  8.4

  	
   

  	
  Fundamental Changes

  	
   

  	
  87

  
	
  8.5

  	
   

  	
  Disposition of Property

  	
   

  	
  88

  
	
  8.6

  	
   

  	
  Restricted Payments

  	
   

  	
  89

  
	
  8.7

  	
   

  	
  Capital Expenditures

  	
   

  	
  90

  
	
  8.8

  	
   

  	
  Investments

  	
   

  	
  90

  
	
  8.9

  	
   

  	
  Optional Payments and Modifications of Certain Debt
  Instruments and Agreements

  	
   

  	
  92

  
	
  8.10

  	
   

  	
  Transactions with Affiliates

  	
   

  	
  92

  
	
  8.11

  	
   

  	
  [Intentionally Omitted]

  	
   

  	
  93

  
	
  8.12

  	
   

  	
  Hedge Agreements

  	
   

  	
  93

  
	
  8.13

  	
   

  	
  Changes in Fiscal Periods

  	
   

  	
  93

  
	
  8.14

  	
   

  	
  Negative Pledge Clauses

  	
   

  	
  93

  
	
  8.15

  	
   

  	
  Clauses Restricting Subsidiary Distributions

  	
   

  	
  93

  
	
  8.16

  	
   

  	
  Lines of Business

  	
   

  	
  94

  
	
  8.17

  	
   

  	
  Amendment to Scheme

  	
   

  	
  94

  
	
  8.18

  	
   

  	
  Amendments to Offer

  	
   

  	
  95

  
	
  8.19

  	
   

  	
  Blocked Accounts

  	
   

  	
  96

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 9.

  	
   

  	
  EVENTS OF DEFAULT

  	
   

  	
  96

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 10.

  	
   

  	
  THE AGENTS

  	
   

  	
  99

  
	
  10.1

  	
   

  	
  Appointment

  	
   

  	
  99

  
	
  10.2

  	
   

  	
  Delegation of Duties

  	
   

  	
  100

  
	
  10.3

  	
   

  	
  Exculpatory Provisions

  	
   

  	
  100

  
	
  10.4

  	
   

  	
  Reliance by Agents

  	
   

  	
  100

  
	
  10.5

  	
   

  	
  Notice of Default

  	
   

  	
  101

  
	
  10.6

  	
   

  	
  Non Reliance on Agents and Other Lenders

  	
   

  	
  101

  
	
  10.7

  	
   

  	
  Indemnification

  	
   

  	
  102

  
	
  10.8

  	
   

  	
  Agent in Its Individual Capacity

  	
   

  	
  102

  
	
  10.9

  	
   

  	
  Successor Agents

  	
   

  	
  102

  
	
  10.10

  	
   

  	
  Agents Generally

  	
   

  	
  103

  
	
  10.11

  	
   

  	
  The Lead Arranger

  	
   

  	
  103

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 11.

  	
   

  	
  MISCELLANEOUS

  	
   

  	
  103

  
	
  11.1

  	
   

  	
  Amendments and Waivers

  	
   

  	
  103

  
	
  11.2

  	
   

  	
  Notices

  	
   

  	
  105

  
	
  11.3

  	
   

  	
  No Waiver; Cumulative Remedies

  	
   

  	
  107

  
	
  11.4

  	
   

  	
  Survival of Representations and Warranties

  	
   

  	
  107

  
	
  11.5

  	
   

  	
  Payment of Expenses and Taxes

  	
   

  	
  107

  
									

 

 iii
 

 

	
  11.6

  	
   

  	
  Successors and Assigns; Participations and
  Assignments

  	
   

  	
  108

  
	
  11.7

  	
   

  	
  Adjustments; Set off

  	
   

  	
  113

  
	
  11.8

  	
   

  	
  Counterparts

  	
   

  	
  114

  
	
  11.9

  	
   

  	
  Severability

  	
   

  	
  114

  
	
  11.10

  	
   

  	
  Integration

  	
   

  	
  114

  
	
  11.11

  	
   

  	
  GOVERNING LAW

  	
   

  	
  114

  
	
  11.12

  	
   

  	
  Submission To Jurisdiction; Waivers

  	
   

  	
  114

  
	
  11.13

  	
   

  	
  Acknowledgments

  	
   

  	
  115

  
	
  11.14

  	
   

  	
  Releases of Guarantees and Liens; Termination

  	
   

  	
  115

  
	
  11.15

  	
   

  	
  Confidentiality

  	
   

  	
  116

  
	
  11.16

  	
   

  	
  WAIVERS OF JURY TRIAL

  	
   

  	
  116

  
	
  11.17

  	
   

  	
  Patriot Act Notice

  	
   

  	
  117

  
	
  11.18

  	
   

  	
  Delivery of Addenda

  	
   

  	
  117

  
									

 

 iv
 

 

	
  EXHIBITS:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A

  	
   

  	
  Form of Addendum

  	
   

  	
   

  
	
  B

  	
   

  	
  Form of Assignment and Assumption

  	
   

  	
   

  
	
  C

  	
   

  	
  Form of Compliance Certificate

  	
   

  	
   

  
	
  D

  	
   

  	
  Form of Guarantee and Collateral Agreement

  	
   

  	
   

  
	
  E

  	
   

  	
  [Intentionally Deleted]

  	
   

  	
   

  
	
  F

  	
   

  	
  [Intentionally Deleted]

  	
   

  	
   

  
	
  G

  	
   

  	
  Form of Exemption Certificate

  	
   

  	
   

  
	
  H-1

  	
   

  	
  Form of Term Note

  	
   

  	
   

  
	
  H-2

  	
   

  	
  Form of Revolving Note

  	
   

  	
   

  
	
  H-3

  	
   

  	
  Form of Swingline Note

  	
   

  	
   

  
	
  I

  	
   

  	
  Form of Closing Certificate

  	
   

  	
   

  
	
  J-1

  	
   

  	
  Form of Legal Opinion of Cooley Godward Kronish LLP

  	
   

  	
   

  
	
  J-2

  	
   

  	
  Form of Legal Opinion of Herbert Smith LLP

  	
   

  	
   

  
	
  J-3

  	
   

  	
  Form of Legal Opinion of Arthur Cox

  	
   

  	
   

  
	
  K-1

  	
   

  	
  Form of Control Agreement

  	
   

  	
   

  
	
  K-2

  	
   

  	
  Form of Blocked Account Control Agreement

  	
   

  	
   

  
	
  L

  	
   

  	
  Form of Intercompany Note

  	
   

  	
   

  
	
  M

  	
   

  	
  Form of Perfection Certificate

  	
   

  	
   

  
	
  N

  	
   

  	
  Form of Escrow Agreement

  	
   

  	
   

  
																

 

 v

SENIOR CREDIT AGREEMENT,
dated as of April 26, 2007, among WEBSENSE, INC., a Delaware corporation (the “Borrower”), the several banks and other financial
institutions or entities from time to time parties to this Agreement (the “Lenders”), MORGAN STANLEY SENIOR FUNDING, INC., as sole
lead arranger and sole bookrunner (in such capacity, the “Lead Arranger”), MORGAN STANLEY SENIOR FUNDING, INC., as
syndication agent (in such capacity, the “Syndication Agent”),
BANK OF AMERICA, N.A., as documentation agent (in such capacity, the “Documentation Agent”), and MORGAN STANLEY SENIOR FUNDING, INC., as Senior
Administrative Agent (in such capacity, and together with its successors in
such capacity, the “Senior
Administrative Agent”) and as Senior
Collateral Agent (in such capacity, and together with its successors in such
capacity, the “Senior
Collateral Agent”).

WHEREAS, the Borrower has
requested that (a) the Lenders extend credit in the form of Term Loans on the
Funding Date in an aggregate principal amount not in excess of $285,000,000 and
(b) the Revolving Lenders extend credit in the form of Revolving Loans, the
Swingline Lender extend credit in the form of Swingline Loans and the Issuing
Bank issue Letters of Credit, in each case at any time and from time to time
during the Revolving Availability Period such that the aggregate Revolving
Exposures will not exceed $15,000,000 at any time.

The Lenders are willing
to extend such credit to the Borrower, and the Issuing Bank is willing to issue
Letters of Credit for the account of the Borrower, on the terms and subject to
the conditions set forth herein.

The parties hereto hereby
agree as follows:

SECTION 1.           DEFINITIONS

1.1           Defined Terms.  As used in this Agreement, the terms listed
in this Section 1.1 shall have the respective meanings set forth in this
Section 1.1.

“Acceptable Bank”:  (a) a bank
or financial institution which has a rating for its long-term unsecured and non
credit-enhanced debt obligations of A2 or higher by S&P, F2 or higher by
Fitch Ratings Ltd or P2 or higher by Moody’s or a comparable rating from an
internationally recognized credit rating agency or (b) any other bank or
financial institution approved by the Senior Administrative Agent.

“Acquired Person”:  as defined
in Section 8.2(j).

“Acquisition”:  one or
more transactions, whether pursuant to the Scheme or an Offer (including
without limitation arrangements under the Compulsory Purchase Procedure, 

privately
negotiated transactions or open market purchases), pursuant to which the
Borrower or one of its Subsidiaries acquires any or all Constellation Shares or
Capital Stock of Constellation or procures the cancellation of any or all such
Constellation Shares or Capital Stock of Constellation or acquires or funds the
exercise of any or all options over, or rights in respect of, such
Constellation Shares or Capital Stock of Constellation.

“Acquisition Agreement”:  an agreement between the Borrower, Bidco and
Constellation in respect of the Scheme.

“Acquisition Effective
Date”: the date upon which the Court Order is filed with the Registrar of
Companies as required by Section 425 of the Companies Act 1985 (or, if
applicable, Section 899 of the Companies Act 2006).

“Addendum”:  an
instrument, substantially in the form of Exhibit A, by which a Lender becomes a
party to this Agreement as of the Effective Date.

“Affected Lender”:  as defined
in Section 4.13.

“Affiliate”:  as to any
Person, any other Person that, directly or indirectly, is in control of, is
controlled by, or is under common control with, such Person.  For purposes of this definition, “control” of
a Person means the power, directly or indirectly, either to (a) vote 10% or
more of the securities having ordinary voting power for the election of
directors (or persons performing similar functions) of such Person or (b)
direct or cause the direction of the management and policies of such Person,
whether by contract or otherwise.

“Agents”:  the
collective reference to the Syndication Agent, the Documentation Agent, the
Lead Arranger, the Senior Administrative Agent and the Senior Collateral Agent.

“Aggregate Exposure”:  with
respect to any Lender at any time, an amount equal to (a) until the Funding
Date, the aggregate amount of such Lender’s Commitments at such time and (b)
thereafter, the sum of (i) the aggregate then unpaid principal amount of such
Lender’s Term Loans and (ii) the amount of such Lender’s Revolving Commitment
then in effect or, if the Revolving Commitments have been terminated, the
amount of such Lender’s Revolving Extensions of Credit then outstanding.

“Aggregate Exposure
Percentage”:  with respect to any Lender at any time, the
ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such
time to the Aggregate Exposure of all Lenders at such time.

“Agreement”:  this Senior
Credit Agreement.

 2
 

“Anti-Terrorism Laws”:  Executive
Order No. 13224, the Patriot Act, the laws comprising or implementing the Bank
Secrecy Act and the law administered by the United States Treasury Department’s
Office of Foreign Asset Control (each as from time to time in effect) and any
similar laws relating to terrorism.

“Applicable Margin”:  each Type
of Loan, the rate per annum determined in accordance with the table set forth
below based on the Borrower’s Corporate Family Rating from Moody’s and Corporate
Credit Rating from S&P as of the Funding Date (and in the event of a split
rating, the lower rating shall apply).

 

	
  Corporate Family Rating /

  Corporate Credit Rating

  	
   

  	
  Applicable
  Margin

  	
   

  
	
  Moody’s

  	
   

  	
   

  	
   

  	
  S&P

  	
   

  	
  Eurodollar
  Loans

  	
   

  	
  Base
  Rate Loans

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Revolving

  	
   

  	
   

  	
   

  	
  Revolving

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Loans

  	
   

  	
  Term
  Loans

  	
   

  	
  Loans

  	
   

  	
  Term
  Loans

  	
   

  
	
  Ba3

  	
   

  	
  and

  	
   

  	
  BB-

  	
   

  	
  1.75

  	
  %

  	
  2.00

  	
  %

  	
  0.75

  	
  %

  	
  1.00

  	
  %

  
	
  B1

  	
   

  	
  and

  	
   

  	
  B+

  	
   

  	
  2.00

  	
  %

  	
  2.25

  	
  %

  	
  1.00

  	
  %

  	
  1.25

  	
  %

  
	
  B2

  	
   

  	
  and

  	
   

  	
  B

  	
   

  	
  2.25

  	
  %

  	
  2.50

  	
  %

  	
  1.25

  	
  %

  	
  1.50

  	
  %

  

 

“Application”:  an
application, in such form as the Issuing Lender may specify from time to time,
requesting the Issuing Lender to open a Letter of Credit.

“Approved Fund”:  with
respect to any Lender, any Person (other than a natural person) that is engaged
in making, purchasing, holding or otherwise investing in commercial loans, or
similar extensions of credit in the ordinary course and is administered,
advised or managed by (a) such Lender, (b) an Affiliate of such Lender, or (c)
an entity or an Affiliate of an entity that administers, advises or manages
such Lender.

“Asset Sale”:  any
Disposition of Property or series of related Dispositions of Property
(excluding any such Disposition permitted by clause (a), (b), (c), (d), (e),
(f), (g) or (h) of Section 8.5) that yields gross proceeds to any Group Member
(valued at the initial principal amount thereof in the case of non-cash
proceeds consisting of notes or other debt securities and valued at fair market
value in the case of other non-cash proceeds) in excess of $2,000,000.

“Assignee”:  as defined
in Section 11.6(b).

“Assignment and
Assumption”:  an Assignment and Assumption, substantially
in the form of Exhibit B.

 3
 

“Available Revolving
Commitment”:  as to any Revolving Lender at any time, an
amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment
then in effect over (b) such Lender’s Revolving Extensions of Credit then
outstanding; provided that, in calculating any Lender’s Revolving Extensions of
Credit for the purpose of determining such Lender’s Available Revolving
Commitment pursuant to Section 3.5, the aggregate principal amount of Swingline
Loans then outstanding shall be deemed to be zero.

“Base Rate”:  a
fluctuating interest rate per annum in effect from time to time, which rate per
annum shall at all times be equal to the higher of (a) the rate of interest
published by the Wall Street Journal, from time to time, as the prime rate and
(b) 1⁄2 of 1% per annum above the Federal Funds Effective Rate.

“Base Rate Loans”:  Loans the
rate of interest applicable to which is based upon the Base Rate.

“Benefitted Lender”:  as defined
in Section 11.7(a).

“Bidco”:  any Group
Member (provided it is the Borrower or a Wholly-Owned Subsidiary of the
Borrower) which makes the Offer.

“Blocked Account
Control Agreement”: the Blocked Account Control Agreement to be executed
substantially in the form of Exhibit K-2, or otherwise in a form reasonably
acceptable to the Interim Administrative Agent.

“Blocked Accounts”:
any deposit or securities account or accounts (including any Escrow Account)
established by the Borrower or any of its Subsidiaries at the Interim
Administrative Agent or an Affiliate of the Interim Administrative Agent or the
Documentation Agent for purposes of depositing cash and Cash Equivalents as
required by Section 7.17; provided that with respect to any account
owned by the Borrower or any Domestic Subsidiary of the Borrower, the Borrower
or such Subsidiary, the Interim Administrative Agent and the bank maintaining
such Blocked Account shall have entered into a Blocked Account Control
Agreement with respect to such account.

“Blocked Person”:  as defined
in Section 5.22(b).

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

“Borrower”:  as defined
in the preamble to this Agreement.

 4
 

“Borrower Credit
Agreement Obligations”:  as defined in the Guarantee and Collateral
Agreement.

“Borrower Hedge
Agreement Obligations”:  as defined in the Guarantee and Collateral
Agreement.

“Borrowing”:  Loans of
the same Type, made, converted or continued on the same date and, in the case
of Eurodollar Loans, as to which a single Interest Period is in effect.

“Borrowing Date”:  any
Business Day specified by the Borrower as a date on which the Borrower requests
the relevant Lenders to make Loans hereunder.

“Business”:  as defined
in Section 5.17(b).

“Business Day”:  a day
other than a Saturday, Sunday or other day on which commercial banks in New
York City or London are authorized or required by law to close, provided,
that with respect to notices and determinations in connection with, and
payments of principal and interest on, Eurodollar Loans, such day is also a day
for trading by and between banks in Dollar deposits in the interbank eurodollar
market.

“Capital Expenditures”:  for any
period, with respect to any Person, the aggregate of all expenditures by such
Person and its Subsidiaries for the acquisition or leasing (pursuant to a
capital lease) of fixed or capital assets or additions to equipment (including
replacements, capitalized repairs and improvements during such period) that
should be capitalized under GAAP on a consolidated balance sheet of such Person
and its Subsidiaries.

“Capital Lease
Obligations”:  as to any Person, the obligations of such
Person to pay rent or other amounts under any lease of (or other arrangement
conveying the right to use) real or personal property, or a combination
thereof, which obligations are required to be classified and accounted for as
capital leases on a balance sheet of such Person under GAAP and, for the
purposes of this Agreement, the amount of such obligations at any time shall be
the capitalized amount thereof at such time determined in accordance with GAAP.

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

“Cash Equivalents”:  (a)
marketable direct obligations issued by, or unconditionally guaranteed by, the
United States Government or issued by any agency thereof 

 5
 

and backed by the
full faith and credit of the United States, in each case maturing within one year
from the date of acquisition; (b) certificates of deposit, time deposits,
eurodollar time deposits or overnight bank deposits having maturities of six
months or less from the date of acquisition issued by any Lender or by any
commercial bank organized under the laws of the United States or any state
thereof having combined capital and surplus of not less than $500,000,000; (c)
commercial paper of an issuer rated at least A-1 by S&P
or P-1 by Moody’s, or carrying an equivalent rating by a nationally recognized
rating agency, if both of the two named rating agencies cease publishing
ratings of commercial paper issuers generally, and maturing within six months
from the date of acquisition; (d) repurchase obligations of any Lender or of
any commercial bank satisfying the requirements of clause (b) of this
definition, having a term of not more than 30 days, with respect to securities
issued or fully guaranteed or insured by the United States government; (e)
securities with maturities of one year or less from the date of acquisition
issued or fully guaranteed by any state, commonwealth or territory of the
United States, by any political subdivision or taxing authority of any such
state, commonwealth or territory or by any foreign government, the securities
of which state, commonwealth, territory, political subdivision, taxing
authority or foreign government (as the case may be) are rated at least A by
S&P or A by Moody’s; (f) securities with maturities of six months or less
from the date of acquisition backed by standby letters of credit issued by any
Lender or any commercial bank satisfying the requirements of clause (b) of this
definition; (g) any investment in marketable debt obligations issued or
guaranteed by the government of the United Kingdom, any member state of the
European Economic Area or any Participating Member State or by an
instrumentality or agency of any of them having an equivalent credit rating,
maturing within one year after the relevant date of calculation and not
convertible or exchangeable to any other security; (h) any investment in
marketable debt obligations issued or guaranteed by the government of the
United Kingdom, any member state of the European Economic Area or any
Participating Member State or by an instrumentality or agency of any of them or
by a person whose indebtedness is rated not less than A by S&P or A2 by
Moody’s (or equivalent from an internationally recognized credit rating agency)
maturing within one year from the date of acquisition thereof; (i) investments
in commercial paper not convertible or exchangeable to any other security (w)
for which a recognized trading market exists, (x) issued by an issuer
incorporated in the United Kingdom, any member state of the European Economic
Area or any Participating Member State, (y) which matures within one year after
the relevant date of calculation and (z) which has a credit rating of either
A-1 or higher by S&P or Fitch Ratings Ltd or P-1 or higher by Moody’s, or,
if no rating is available in respect of the commercial paper, the issuer of
which has, in respect of its long-term unsecured and non-credit enhanced debt
obligations, an equivalent rating; (j) sterling bills of exchange eligible for
rediscount at the Bank of England and accepted by an Acceptable Bank (or their
dematerialised equivalent); (k) shares of money market mutual or similar funds
which invest exclusively in assets satisfying the requirements of clauses (a)
through (j) of this definition or money market funds that (i) comply with the
criteria set forth in Securities and Exchange Commission Rule 2a-7 under the
Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and
Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000 or
(l) such other marketable securities as are permitted pursuant to the Borrower’s
investment policy in effect on the Effective Date.

“Certain Funds Loan”: any Loans utilized for

 6
 

(a)           the Acquisition; or

(b)           payment of fees, costs and expenses
in relation to the matters referred to in paragraph (a) above including for the
avoidance of doubt, fees, costs and expenses payable pursuant to the Loan
Documents and the other Transactions on the Funding Date, each such utilization
being a “Permitted Purpose”.

“Certain Funds Loan
Parties”: the Borrower and each
Wholly Owned Subsidiary of the Borrower (excluding, for the avoidance of doubt,
any member of the Constellation Group) that, as of the date of the most
recently available consolidated balance sheet of the Borrower, has assets equal
to or greater than 5% of the total assets of the Borrower and its Subsidiaries
calculated (as of the date of the most recently available consolidated balance
sheet of the Borrower) on a consolidated basis, taken as a whole, but excluding
for such purposes the Constellation Group. 
The Certain Funds Loan Parties as of the Effective Date are listed on
Schedule 1.1 of the Disclosure Letter.

“Certain Funds Period”: the period beginning on the date of this
Agreement and ending on (and including) the earlier of:

(a) if a Scheme Press
Release is issued and no Offer Conversion occurs: (i) fifteen months from the
date of the Scheme Press Release, (ii) the date on which the Scheme proposal is
rejected by either the shareholders of the Borrower or the Courts of England
and Wales or is withdrawn (other than a withdrawal in accordance with Section 7.11)
or (iii) the date which falls 15 days after the Acquisition Effective Date;

(b) if an Offer is made
without any pre-conditions: (i) the date which falls 7 months after the date of
the Offer Press Release, (ii) the date on which the Offer lapses, terminates or
is withdrawn or (iii) fifteen months from the Effective Date; or

(c) if a pre-conditional
Offer is made: (i) the date which falls 7 months after the date on which all
the pre-conditions are deemed by the Borrower to have been satisfied; (ii) the
date on which the Offer lapses, terminates or is withdrawn or (iii) fifteen
months from the Effective Date.

“City Code”: the City Code on Takeovers and Mergers.

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

“Collateral”:  all
property of the Loan Parties, now owned or hereafter acquired, upon which a
Lien is purported to be created by any Security Document.

 7
 

“Collateral and
Guarantee Requirement”:  at any time, the requirement that:

(a)           the Senior Collateral Agent shall
have received from each Loan Party (i) either (x) a counterpart of the
Guarantee and Collateral Agreement duly executed and delivered on behalf of
each such Loan Party or (y) in the case of any Person that becomes a Loan Party
after the Effective Date, a supplement to the Guarantee and Collateral
Agreement, in the form specified therein, duly executed and delivered on behalf
of such Loan Party and (ii) with respect to any Loan Party that directly owns
Capital Stock of a Foreign Subsidiary, a counterpart of each Foreign Pledge
Agreement that the Senior Collateral Agent determines, based on the advice of
counsel, to be necessary or advisable in connection with the pledge of, or the
granting of security interests in, Capital Stock of (but no more than 65% of
the voting power of such Capital Stock of) such Foreign Subsidiary, in each
case duly executed and delivered on behalf of such Loan Party;

(b)           all outstanding Capital Stock of each
Subsidiary and all other Capital Stock, in each case owned by or on behalf of
any Loan Party, shall have been pledged pursuant to the Guarantee and
Collateral Agreement or a Foreign Pledge Agreement (except that the Loan
Parties shall not be required to pledge (i) more than 65% of the outstanding
voting Capital Stock of any Foreign Subsidiary or (ii) Capital Stock of
Subsidiaries that are not directly held by such Loan Parties) and the Senior
Collateral Agent shall have received certificates (or in the case of entities
with uncertificated Capital Stock, issuer acknowledgments) or other instruments
representing all such Capital Stock, together with un-dated stock powers or
other instruments of transfer with respect thereto endorsed in blank;

(c)           all Indebtedness of the Borrower and
each Subsidiary that is owing to any Loan Party shall be evidenced by an
Intercompany Note and shall have been pledged pursuant to the Guarantee and
Collateral Agreement and the Senior Collateral Agent shall have received all
such promissory notes, together with undated instruments of transfer with
respect thereto endorsed in blank;

(d)           all documents and instruments,
including Uniform Commercial Code financing statements and filings with the
Irish CRO, the Registrar of Companies or any analogous filings in any other
jurisdictions, required by law or reasonably requested by the Senior Collateral
Agent to be filed, registered or recorded to create the Liens intended to be
created by the Guarantee and Collateral Agreement and the Foreign Pledge
Agreements and perfect such Liens to the extent required by, and with the
priority required by, the Guarantee and Collateral Agreement and the Foreign
Pledge Agreements, shall have been filed, registered or recorded or delivered
to the Senior Administrative Agent for filing, registration or recording; and

(e)           each Loan Party shall have obtained
all consents and approvals required to be obtained by it in connection with the
execution and delivery of all Security Documents to which it is a party, the
performance of its obligations thereunder and the granting by it of the Liens
thereunder; provided, however, that no Loan Party shall be required to
obtain any consent, approval or authorization of any Governmental Authority
with respect to the pledge of, or the 

 8
 

grant of a
security interest in, the Capital Stock of any Foreign Subsidiary that is an Immaterial
Subsidiary.

“Commitment”:  as to any
Lender, the sum of the Term Commitment and the Revolving Commitment of such
Lender.

“Commitment Fee Rate”:  0.50% per
annum.

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

“Compliance Certificate”:  a
certificate duly executed by a Responsible Officer substantially in the form of
Exhibit C.

“Compulsory Purchase
Notice”:  a notice issued to a shareholder of
Constellation by the Borrower or its Subsidiaries pursuant to section 979 of
the Companies Act 2006.

“Compulsory Purchase
Procedure”:  the procedure for buying out minority
shareholders of Constellation pursuant to section 979 of the Companies Act
2006.

“Conduit Lender”:  any
special purpose entity organized and administered by any Lender for the purpose
of making Loans otherwise required to be made by such Lender and designated by
such Lender in a written instrument, subject to the consent of the Senior
Administrative Agent and the Borrower (which consent shall not be unreasonably
withheld); provided, that the designation by any Lender of a Conduit
Lender shall not relieve the designating Lender of any of its obligations to
fund a Loan under this Agreement if, for any reason, its Conduit Lender fails
to fund any such Loan, and the designating Lender (and not the Conduit Lender)
shall have the sole right and responsibility to deliver all consents and
waivers required or requested under this Agreement with respect to its Conduit
Lender, and provided, further, that no Conduit Lender shall (a)
be entitled to receive any greater amount pursuant to Section 4.9, 4.10, 4.11
or 11.5 than the designating Lender would have been entitled to receive in
respect of the extensions of credit made by such Conduit Lender or (b) be
deemed to have any Commitment.

“Confidential
Information Memorandum”:  the Confidential Information Memorandum to be
dated not less than 30 days prior to the Funding Date and furnished to the
Lenders.

 9
 

“Consolidated Current
Assets”:  at any date, all amounts (other than cash and
Cash Equivalents) that would, in conformity with GAAP, be set forth opposite
the caption “total current assets” (or any like caption) on a consolidated
balance sheet of the Borrower and its Subsidiaries at such date.

“Consolidated Current
Liabilities”:  at any date, all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current
liabilities” (or any like caption) on a consolidated balance sheet of the
Borrower and its Subsidiaries at such date, but excluding (a) the current
portion of any Funded Debt of the Borrower and its Subsidiaries and (b) without
duplication of clause (a) above, all Indebtedness consisting of Revolving Loans
or Swingline Loans to the extent otherwise included therein.

“Consolidated EBITDA”:  for any
period, Consolidated Net Income for such period plus, without
duplication and to the extent reflected as a charge in the statement of such
Consolidated Net Income for such period, the sum of (a) income tax expense, (b)
interest expense, amortization or writeoff of debt discount and debt issuance
costs and commissions, discounts and other fees and charges associated with
Indebtedness (including the Loans), (c) depreciation and amortization expense,
(d) amortization of intangibles (including, but not limited to, goodwill) and
organization costs, (e) any extraordinary charges or losses determined in
accordance with GAAP, (f) for the periods ending on or before the date that is
twelve months after the consummation of the Acquisition, $30,000,000 in the
aggregate of anticipated cost-savings to be realized from the combination of
the businesses of Constellation and the Borrower, (g) any other non-cash
charges, non-cash expenses or non-cash losses of the Borrower or any of its
Subsidiaries for such period (excluding any such charge, expense or loss
incurred in the ordinary course of business that constitutes an accrual of or a
reserve for cash charges for any future period) and (h) for the periods ending
on or before the date that is 24 months after the Funding Date, up to
$15,000,000 of restructuring related costs incurred in connection with the
Acquisition and not included in purchase accounting, provided, however,
that cash payments made in such period or in any future period in respect of
such non-cash charges, expenses or losses (excluding any such charge, expense
or loss incurred in the ordinary course of business that constitutes an accrual
of or a reserve for cash charges for any future period) shall be subtracted
from Consolidated Net Income in calculating Consolidated EBITDA in the period
when such payments are made, and minus, to the extent included in the statement
of such Consolidated Net Income for such period, the sum of (a) interest
income, (b) any extraordinary income or gains determined in accordance with
GAAP and (c) any other non-cash income (excluding any items that represent the
reversal of any accrual of, or cash reserve for, anticipated cash charges in
any prior period that are described in the parenthetical to clause (g) above),
all as determined on a consolidated basis. 
For the purposes of calculating Consolidated EBITDA for any period of
four consecutive fiscal quarters (each, a “Reference Period”)
pursuant to any determination of the Consolidated Leverage Ratio, (i) if at any
time during such Reference Period the Borrower or any Subsidiary shall have
made any Material Disposition, the Consolidated EBITDA for such Reference
Period shall be reduced by an amount equal to the Consolidated EBITDA (if
positive) attributable to the property that is the subject of such Material
Disposition for such Reference Period or increased by an amount equal to the
Consolidated EBITDA (if negative) attributable thereto for such Reference
Period and (ii) if 

 10
 

during such
Reference Period the Borrower or any Subsidiary shall have made a Material
Acquisition, Consolidated EBITDA for such Reference Period shall be calculated
after giving pro  forma effect thereto as if such Material
Acquisition occurred on the first day of such Reference Period.  As used in this definition, “Material Acquisition” means the Acquisition and any other acquisition of
property or series of related acquisitions of property that (a) constitutes
assets comprising all or substantially all of an operating unit of a business
or constitutes all or substantially all of the common stock of a Person and (b)
involves the payment of consideration by the Borrower and its Subsidiaries in
excess of $1,000,000; and “Material Disposition”
means any Disposition of property or series of related Dispositions of property
that yields gross proceeds to the Borrower or any of its Subsidiaries in excess
of $1,000,000 but shall not include a Rationalizing Constellation Disposition permitted
by Section 8.5.

“Consolidated Interest
Coverage Ratio”:  for any period, the ratio of (a) Consolidated
EBITDA for such period to (b) Consolidated Interest Expense for such period.

“Consolidated Interest
Expense”:  for any period, total cash interest expense
(including that attributable to Capital Lease Obligations) of the Borrower and
its Subsidiaries for such period with respect to all outstanding Indebtedness
of the Borrower and its Subsidiaries (including all commissions, discounts and
other fees and charges owed with respect to letters of credit and bankers’
acceptance financing and net costs under Hedge Agreements in respect of
interest rates to the extent such net costs are allocable to such period in
accordance with GAAP).

“Consolidated Leverage
Ratio”:  at any time, the ratio of (a) Consolidated
Total Debt as of the last day of then most recently completed fiscal quarter to
(b) Consolidated EBITDA for the period of four consecutive fiscal quarters
ended on such last day.

“Consolidated Net
Income”:  for any period, the consolidated net income
(or loss) of the Borrower and its Subsidiaries, determined on a consolidated
basis in accordance with GAAP plus, without duplication, (i) non-cash
compensation expenses arising from the issuance of stock, options to purchase
stock and stock appreciation rights to the management of the Borrower and (ii) the
amount of deferred revenue of Constellation written off in connection with the
Acquisition that would have been recognized within the 12 quarters following
the Acquisition if the Acquisition had not occurred; provided that, to
the extent otherwise included therein, there shall be excluded (a) the income
(or deficit) of any Person accrued prior to the date it becomes a Subsidiary of
the Borrower or is merged into or consolidated with the Borrower or any of its
Subsidiaries, (b) the income (or deficit) of any Person (other than a
Subsidiary of the Borrower) in which the Borrower or any of its Subsidiaries
has an ownership interest, except to the extent that any such income is
actually received by the Borrower or such Subsidiary in the form of dividends
or similar distributions and (c) the undistributed earnings of any Subsidiary
of the Borrower to the extent that the declaration or payment of dividends or
similar distributions by such Subsidiary is not at the time permitted by the
terms of any Contractual Obligation (other than under any Loan Document), its
Organizational Documents or Requirement of Law applicable to such Subsidiary.

 11
 

“Consolidated Total
Debt”:  at any date, the aggregate principal amount
of all Indebtedness of the Borrower and its Subsidiaries at such date,
determined on a consolidated basis in accordance with GAAP.

“Consolidated Working
Capital”:  at any date, the excess of Consolidated
Current Assets on such date over Consolidated Current Liabilities on
such date.

“Constellation”:  means
SurfControl PLC.

“Constellation Group”: 
Constellation and its subsidiaries (provided such subsidiaries were
subsidiaries of Constellation at the time of the Constellation Transaction).

“Constellation Shares”:  any shares
in the capital of Constellation allotted or issued or to be allotted or issued
or rights in or over those shares (including share options).

“Constellation
Transaction”:  a transaction pursuant to which Constellation
will become a Subsidiary of the Borrower with effect from the Unconditional
Date.

“Continuing Directors”:  the
directors of the Borrower on the Funding Date, after giving effect to the
Acquisition and the other transactions contemplated hereby, and each other
director, if, in each case, such other director’s nomination for election to
the board of directors of the Borrower is recommended by at least a majority of
the then Continuing Directors.

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

“Control Agreements”:  the
Control Agreements to be executed and delivered by the Borrower and each
Guarantor, substantially in the form of Exhibit K-1, or otherwise in a form
reasonably acceptable to the Senior Administrative Agent.

“Corporate Family Rating”: 
an opinion issued by Moody’s of a corporate family’s
ability to honor all of its financial obligations that is assigned to a
corporate family as if it had a single class of debt and a single consolidated
legal entity structure.

“Corporate Rating”:  an opinion issued by S&P of an obligor’s
overall financial capacity (its creditworthiness) to pay its financial
obligations.

 12
 

“Courts”:  the courts
of England and Wales.

“Court Meetings”:  the
meetings of the classes of shareholders of Constellation required to be held
for the purposes of sanctioning the Scheme under Section 425 of the Companies
Act 1985 (or, if applicable, Section 899 of the Companies Act 2006).

“Court Order”:  the order
of the High Court of Justice in England and Wales sanctioning the Scheme as
required by Section 425 of the Companies Act 1985 (or, if applicable, Section 899
of the Companies Act 2006).

“Default”:  any of the
events specified in Section 9, whether or not any requirement for the giving of
notice, the lapse of time, or both, has been satisfied.

“Defaulting Lender”: any Lender that (a) has failed to fund any
portion of the Term Loan or Revolving Loans or participations in L/C
Obligations, (b) has otherwise failed to pay over to the Senior Administrative
Agent or any other Lender any other amount required to be paid by it hereunder
within one Business Day of the date when due, unless the subject of a good
faith dispute, or (c) has been deemed insolvent or become the subject of a
bankruptcy or insolvency proceeding.

“Disclosure Letter”:  the letter dated the Effective Date delivered to the Senior
Administrative Agent by the Borrower containing information with respect to the
Borrower and its Subsidiaries.

“Disposition”:  with
respect to any Property, any sale, lease, sale and leaseback, assignment,
conveyance, transfer or other disposition thereof.  The terms “Dispose” and “Disposed of” shall have correlative meanings.

“Documentation Agent”:  as defined
in the preamble to this Agreement.

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

“Domestic Subsidiary”:  any
Subsidiary of the Borrower organized under the laws of any jurisdiction within
the United States.

“Draft Acquisition
Agreement”: the document delivered pursuant to Section 6.1(l).

 13
 

“Earn-Out Obligations”:
those certain subordinated obligations of the Borrower or any Loan Party
arising in connection with any acquisition of assets or businesses permitted
under Section 8.8 to the seller of such assets or businesses and the payment of
which is dependent on the future earnings or performance of such assets or
businesses and contained in the agreement relating to such acquisition or in an
employment agreement delivered in connection therewith; provided, that all Earn-Out
Obligations will be in form reasonably satisfactory to the Senior
Administrative Agent as to (i) the subordination provisions thereof (or be
issued subject to a subordination agreement satisfactory to Senior
Administrative Agent) and (ii) the provisions restricting any amendment or
modification thereof without the prior written consent of the Senior
Administrative Agent.

“ECF Percentage”:  50%; provided
that, with respect to each fiscal year of the Borrower ending on or after
December 31, 2008, the ECF Percentage shall be reduced to 25% if the
Consolidated Leverage Ratio as of the last day of such fiscal year is not
greater than 1.25 to 1.00.

“Effective Date”: the date on which the conditions specified in
Section 6.1 are satisfied (or waived in accordance with the terms of this
Agreement).

“Eligible Assignee” means (a) any Lender, any Affiliate of any
Lender and any Approved Fund of any Lender; and (b)(i) a commercial bank
organized under the laws of the United States or any state thereof and having a
combined capital and surplus of at least $100,000,000; (ii) a savings and
loan association or savings bank organized under the laws of the United States
or any state thereof and having a combined capital and surplus of at least
$100,000,000; (iii) a commercial bank organized under the laws of any
other country or a political subdivision thereof and having a combined capital
and surplus of at least $100,000,000; provided that (x) such bank
is acting through a branch or agency located in the United States or (y) such
bank is organized under the laws of a country that is a member of the
Organization for Economic Cooperation and Development or a political
subdivision of such country; and (iv) any other entity that is a “qualified
institutional buyer” (as defined in Regulation D under the Securities Act)
that extends credit or buys loans as one of its businesses including insurance
companies, mutual funds, lease financing companies and any other financial
institutions and which has a combined capital and surplus, a net worth or total
assets of at least $100,000,000; provided that neither the Borrower nor
any Affiliate of the Borrower shall be an Eligible Assignee.

“Environmental Laws”:  any and
all foreign, Federal, state, local or municipal laws, rules, orders,
regulations, statutes, ordinances, codes, decrees, requirements of any
Governmental Authority or other Requirements of Law (including common law)
regulating, relating to or imposing liability or standards of conduct
concerning protection of human health or the environment, as now or may at any
time hereafter be in effect.

 14
 

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

“Escrow Account”:  any
blocked account established by the Borrower or any of its Subsidiaries at the Senior
Administrative Agent or an Affiliate of the Senior Administrative Agent that is
subject to the terms and conditions of an Escrow Agreement.

“Escrow Agreement”:  an escrow
agreement substantially in the form of Exhibit N governing an Escrow Account
which agreement shall be satisfactory to the Senior Administrative Agent, in
its sole discretion, in all respects and shall specify, among other things,
that cash deposited therein shall be used solely to satisfy the terms of the
Offer or Scheme and to fund a portion the Acquisition consideration; provided
that no Cash Equivalents shall be deposited in, or credited to, any Escrow
Account.

“Eurocurrency Reserve
Requirements”:  for any day as applied to a Eurodollar Loan,
the aggregate (without duplication) of the maximum rates (expressed as a
decimal fraction) of reserve requirements in effect on such day (including
basic, supplemental, marginal and emergency reserves under any regulations of the
Board or other Governmental Authority having jurisdiction with respect thereto)
dealing with reserve requirements prescribed for Eurocurrency funding
(currently referred to as “Eurocurrency Liabilities” in Regulation D of the
Board) maintained by a member bank of the Federal Reserve System.

“Eurodollar Base Rate”:  with
respect to each day during each Interest Period pertaining to a Eurodollar
Loan, the rate per annum determined on the basis of the rate for deposits in
Dollars for a period equal to such Interest Period commencing on the first day
of such Interest Period appearing on Page 3750 of the Telerate screen as of
11:00 A.M., London time, two Business Days prior to the beginning of such
Interest Period.  In the event that such
rate does not appear on Page 3750 of the Telerate screen (or otherwise on such
screen), the “Eurodollar Base Rate” shall be determined by reference to
such other comparable publicly available service for displaying eurodollar
rates as may be selected by the Senior Administrative Agent or, in the absence
of such availability, by reference to the rate at which the Senior
Administrative Agent is offered Dollar deposits at or about 11:00 A.M., New
York City time, two Business Days prior to the beginning of such Interest
Period in the interbank eurodollar market where its eurodollar and foreign
currency and exchange operations are then being conducted for delivery on the
first day of such Interest Period for the number of days comprised therein.

“Eurodollar Loans”:  Loans the
rate of interest applicable to which is based upon the Eurodollar Rate.

“Eurodollar Rate”:  with
respect to each day during each Interest Period pertaining to a Eurodollar
Loan, a rate per annum determined for such day in accordance with the following
formula (rounded upward to the nearest 1/100th of 1%):

 15
 

 

	
  Eurodollar Base Rate

  
	
  1.00 - Eurocurrency Reserve Requirements

  

 

“Eurodollar Tranche”:  the
collective reference to Eurodollar Loans under a particular Facility the then
current Interest Periods with respect to all of which begin on the same date
and end on the same later date (whether or not such Loans shall originally have
been made on the same day).

“Event of Default”:  any of the
events specified in Section 9, provided that any requirement for the
giving of notice, the lapse of time, or both, has been satisfied.

“Excess Cash Flow”:  for any
fiscal year of the Borrower, the excess, if any, of (a) the sum, without
duplication, of (i) Consolidated Net Income for such fiscal year, (ii) the
amount of all non-cash charges (including depreciation and amortization)
deducted in arriving at such Consolidated Net Income, (iii) decreases in
Consolidated Working Capital for such fiscal year, and (iv) the aggregate net
amount of non cash loss on the Disposition of Property by the Borrower and its
Subsidiaries during such fiscal year (other than sales of inventory in the
ordinary course of business), to the extent deducted in arriving at such
Consolidated Net Income over (b) the sum, without duplication, of (i) the
amount of all non-cash credits included in arriving at such Consolidated Net
Income, (ii) the aggregate amount actually paid by the Borrower and its
Subsidiaries in cash during such fiscal year on account of Capital Expenditures
(excluding the principal amount of Indebtedness incurred to finance such
expenditures (but including repayments of any such Indebtedness incurring
during such period or any prior period to the extent that such repaid amounts
may not be reborrowed) and any such expenditures financed with the proceeds of
any Reinvestment Deferred Amount), (iii) the aggregate amount of all
prepayments of Revolving Loans and Swingline Loans during such fiscal year to
the extent accompanying permanent optional reductions of the Revolving
Commitments and all optional prepayments of the Term Loans and the Interim
Loans during such fiscal year, (iv) the aggregate amount of all regularly
scheduled principal payments of Funded Debt (including the Term Loans) of the
Borrower and its Subsidiaries made during such fiscal year (other than in
respect of any revolving credit facility to the extent there is not an
equivalent permanent reduction in commitments thereunder), (v) increases in
Consolidated Working Capital for such fiscal year, and (vi) the aggregate net
amount of non-cash gain on the Disposition of Property by the Borrower and its
Subsidiaries during such fiscal year (other than sales of inventory in the
ordinary course of business), to the extent included in arriving at such
Consolidated Net Income.

“Excess Cash Flow
Application Date”:  as defined in Section 4.2.

“Excluded Foreign
Subsidiary”:  any Foreign Subsidiary in respect of which
either (a) the pledge of all of the Capital Stock of such Subsidiary as
Collateral or (b) the guaranteeing by such Subsidiary of the Borrower Credit
Agreement Obligations, would, in the good faith judgment of the Borrower,
result in adverse tax consequences to the Borrower.

 16
 

“Excluded Indebtedness”:  all
Indebtedness permitted by Section 8.2.

“Facility”:  each of
(a) the Term Facility and (d) the Revolving Facility.

“Federal Funds
Effective Rate”:  for any day, the weighted average of the
rates on overnight federal funds transactions with members of the Federal
Reserve System arranged by federal funds brokers, as published on the next
succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average of the
quotations for the day of such transactions received by the Reference Lender
from three federal funds brokers of recognized standing selected by it.

“Fee Letter”: that
certain Fee Letter, dated as of the date hereof, among the Borrower, Morgan
Stanley Senior Funding, Inc. and Banc of America Securities LLC.

“Foreign Pledge
Agreement”: a pledge or charge
agreement with respect to the Collateral that constitutes Capital Stock of a
Foreign Subsidiary, in form and substance reasonably satisfactory to the Senior
Administrative Agent, and each document creating a trust or agency with respect
thereto (including, without limitation, the Security Trust Deed).

“Foreign Subsidiary”:  any
Subsidiary of the Borrower that is not a Domestic Subsidiary.

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

“Funded Debt”:  as to any
Person, all Indebtedness of such Person that matures more than one year from
the date of its creation or matures within one year from such date but is
renewable or extendible, at the option of such Person, to a date more than one
year from such date or arises under a revolving credit or similar agreement
that obligates the lender or lenders to extend credit during a period of more
than one year from such date, including all current maturities and current
sinking fund payments in respect of such Indebtedness whether or not required
to be paid within one year from the date of its creation and, in the case of
the Borrower, Indebtedness in respect of the Loans.

“Funding Date”:  the first
Business Day on which the conditions specified in Section 6.2 are satisfied (or
waived in accordance with the terms of this Agreement) and Loans are made hereunder.

 17
 

“Funding Office”:  the office
of the Senior Administrative Agent specified in Section 11.2 or such other
office as may be specified from time to time by the Senior Administrative Agent
as its funding office by written notice to the Borrower and the Lenders.

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

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

“Governmental
Authorization”:  all laws, rules, regulations, authorizations,
consents, decrees, permits, licenses, waivers, privileges, approvals from and
filings with all Governmental Authorities necessary in connection with any
Group Member’s business.

“Group Members”:  the
collective reference to the Borrower and its Subsidiaries.

“Guarantee and
Collateral Agreement”:  the Senior Guarantee and Collateral Agreement
to be executed and delivered by the Borrower and each Guarantor, substantially
in the form of Exhibit C.

“Guarantee Obligation”:  as to any
Person (the “guaranteeing
person”), any obligation of (a) the
guaranteeing person or (b) another Person (including any bank under any letter
of credit) to induce the creation of which the guaranteeing person has issued a
reimbursement, counterindemnity or similar obligation, in either case guaranteeing
or in effect guaranteeing any Indebtedness, lease payments, dividends or other
obligations (the “primary
obligations”) of any other third
Person (the “primary
obligor”) in any manner, whether
directly or indirectly, including any obligation of the guaranteeing person,
whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or
supply funds (1) for the purchase or payment of any such primary obligation or
(2) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor, (iii)
to purchase property, securities or services primarily for the purpose of
assuring the owner of any such primary obligation of the ability of the primary
obligor to make payment of such primary obligation or (iv) otherwise to assure
or hold harmless the owner of any such primary obligation against loss in
respect thereof; provided, however, that the term Guarantee
Obligation shall not include endorsements of instruments for deposit or
collection in the ordinary course of business. 
The amount of any Guarantee Obligation of any guaranteeing person shall
be deemed to be the lower of (a) an amount equal to the stated or determinable
amount of the primary obligation in respect of which such Guarantee 

 18
 

Obligation is made
and (b) the maximum amount for which such guaranteeing person may be liable
pursuant to the terms of the instrument embodying such Guarantee Obligation,
unless such primary obligation and the maximum amount for which such
guaranteeing person may be liable are not stated or determinable, in which case
the amount of such Guarantee Obligation shall be such guaranteeing person’s
maximum reasonably anticipated liability in respect thereof as determined by
the Borrower in good faith.

“Guarantors”:  each
Subsidiary of the Borrower other than any Excluded Foreign Subsidiary.

“Hedge Agreements”:  any
agreement with respect to any swap, forward, future or derivative transaction
or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities,
or economic, financial or pricing indices or measures of economic, financial or
pricing risk or value or any similar transaction or any combination of these
transactions; provided that no phantom stock or similar plan providing
for payments only on account of services provided by current or former
directors, officers, employees or consultants of the Borrower or the
Subsidiaries shall be a Hedge Agreement.

“Immaterial Subsidiary”:  each Subsidiary of the Borrower now existing
or hereafter acquired or formed, and each successor thereto, (a) which accounts
for not more than 2.5% of (i) the consolidated gross revenues of the Borrower
and its Subsidiaries or (ii) the consolidated assets of the Borrower and its
Subsidiaries, in each case, as of the last day of the most recently completed
fiscal quarter as reflected on the financial statements for such quarter; and
(b) if the Subsidiaries that constitute Immaterial Subsidiaries pursuant to
clause (a) above account for, in the aggregate, more than 5% of such
consolidated gross revenues and more than 5% of the consolidated assets, each
as described in clause (a) above, then the term “Immaterial Subsidiary”
shall not include each such Subsidiary (starting with the Subsidiary that
accounts for the most consolidated gross revenues or consolidated assets and
then in descending order) necessary to account for at least 95% of the
consolidated gross revenues and ninety percent of the consolidated assets, each
as described in clause (a) above.

“Indebtedness”:  of any
Person at any date, without duplication, (a) all indebtedness of such Person
for borrowed money, (b) all obligations of such Person for the deferred
purchase price of property or services (other than current trade payables
incurred in the ordinary course of such Person’s business), (c) all obligations
of such Person evidenced by notes, bonds, debentures or other similar
instruments, (d) all indebtedness created or arising under any conditional sale
or other title retention agreement with respect to property acquired by such
Person (even though the rights and remedies of the seller or lender under such
agreement in the event of default are limited to repossession or sale of such
property), (e) all Capital Lease Obligations of such Person, (f) all
obligations of such Person, contingent or otherwise, as an account party or
applicant under or in respect of acceptances, letters of credit, surety bonds
or similar arrangements, (g) the liquidation value of all mandatorily redeemable
preferred Capital Stock of such Person, (h) all Guarantee Obligations of such
Person in respect of obligations of the kind referred to in clauses (a) through
(g) above, (i) all obligations of the kind referred to in clauses (a) through
(h) above secured by (or for which the holder of such obligation has an 

 19
 

existing right,
contingent or otherwise, to be secured by) any Lien on property (including
accounts and contract rights) owned by such Person, whether or not such Person
has assumed or become liable for the payment of such obligation, and (j) for
the purposes of Sections 8.2 and 9(e) only, all obligations of such Person in
respect of Hedge Agreements.  The
Indebtedness of any Person shall include the Indebtedness of any other entity
(including any partnership in which such Person is a general partner) to the
extent such Person is liable therefor as a result of such Person’s ownership
interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness expressly provide that such Person is not liable
therefor.  For purposes of clause (j)
above, the principal amount of Indebtedness in respect of Hedge Agreements
shall equal the amount that would be payable (giving effect to netting) at such
time if such Hedge Agreement were terminated.

“Indemnified
Liabilities”:  as defined in Section 11.5.

“Indemnitee”:  as defined
in Section 11.5.

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

“Insolvent”:  pertaining
to a condition of Insolvency.

“Intellectual Property”:  the
collective reference to all rights, priorities and privileges relating to
intellectual property, whether arising under United States, multinational or
foreign laws or otherwise, including copyrights, copyright licenses, patents,
patent licenses, trademarks, trademark licenses, technology, know-how and
processes, and all rights to sue at law or in equity for any infringement or
other impairment thereof, including the right to receive all proceeds and
damages therefrom.

“Intercompany Note”:  the
Subordinated Intercompany Note, substantially in the form of Exhibit L.

“Interest Payment Date”:  (a) as to
any Base Rate Loan (other than any Swingline Loan), the last day of each March,
June, September and December to occur while such Loan is outstanding and the
final maturity date of such Loan, (b) as to any Eurodollar Loan having an
Interest Period of three months or less, the last day of such Interest Period,
(c) as to any Eurodollar Loan having an Interest Period longer than three
months, each day that is three months, or a whole multiple thereof, after the
first day of such Interest Period and the last day of such Interest Period, (d)
as to any Loan (other than any Revolving Loan that is a Base Rate Loan and any
Swingline Loan), the date of any repayment or prepayment made in respect
thereof and (e) as to any Swingline Loan, the day that such Loan is required to
be paid.

 20

“Interest Period”:  as to any
Eurodollar Loan, (a) initially, the period commencing on the Funding Date or
conversion date, as the case may be, with respect to such Eurodollar Loan and
ending one, two, three or six or (if available to all Lenders under the relevant
Facility) twelve months thereafter, as selected by the Borrower in its notice
of borrowing or notice of conversion, as the case may be, given with respect
thereto; and (b) thereafter, each period commencing on the last day of the next
preceding Interest Period applicable to such Eurodollar Loan and ending one,
two, three or six or (if available to all Lenders under the relevant Facility)
twelve months thereafter, as selected by the Borrower by irrevocable notice to
the Senior Administrative Agent no later than 11:00 A.M., New York City time,
on the date that is three Business Days prior to the last day of the then
current Interest Period with respect thereto; provided that, all of the
foregoing provisions relating to Interest Periods are subject to the following:

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

(ii)           the
Borrower may not select an Interest Period under a particular Facility that
would extend beyond the Revolving Termination Date or beyond the date final
payment is due on the Term Loans, as the case may be;

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

(iv)          the
Borrower shall select Interest Periods so as not to require a payment or
prepayment of any Eurodollar Loan during an Interest Period for such Loan on
any day other that the last day of an Interest Period.

“Interim Administrative
Agent”:  Morgan Stanley Senior Funding, Inc., in its
capacity as administrative agent under the Interim Credit Agreement.

“Interim Credit
Agreement”:  the Interim Credit Agreement dated as of the
date hereof among the Borrower, the Irish Borrower (as defined therein), the
lenders party thereto from time to time, the Interim Administrative Agent and
the other agents named therein.

“Interim Facility”:  the “commitments” and “term loans” under and
as defined in the Interim Credit Agreement.

 21
 

“Interim Loan Documents”:  the “loan
documents” under and as defined in the Interim Credit Agreement.

“Interim Obligations”:  the “obligations”
under and as defined in the Interim Credit Agreement.

“Interim Loans”:  the “term
loans” under and as defined in the Interim Credit Agreement.

“Investments”:  as defined
in Section 8.8.

“Issuing Lender”:  initially,
Bank of America, N.A., in its capacity as issuer of any Letter of Credit, and
one or more replacement financial institutions designated by the Senior Administrative
Agent and Borrower to issue Letters of Credit hereunder from time to time.

“L/C Commitment”:  $15,000,000.

“L/C Fee Payment Date”:  the last
day of each March, June, September and December and the last day of the
Revolving Availability Period.

“L/C Obligations”:  at any
time, an amount equal to the sum of (a) the aggregate then undrawn and
unexpired amount of the then outstanding Letters of Credit and (b) the
aggregate amount of drawings under Letters of Credit that have not then been
reimbursed pursuant to Section 3.11.

“L/C Participants”:  the
collective reference to all the Revolving Lenders other than the Issuing
Lender.

“Lead Arranger”:  as defined
in the preamble to this Agreement.

“Lenders”:  as defined
in the preamble to this Agreement; provided that unless the context
otherwise requires, each reference herein to the Lenders shall be deemed to
include any Conduit Lender.

“Letters of Credit”:  as defined
in Section 3.7(a).

“Lien”:  any
mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance,
lien (statutory or other), charge or other security interest or any preference,

 22
 

priority or other
security agreement or preferential arrangement of any kind or nature whatsoever
(including any conditional sale or other title retention agreement and any
capital lease having substantially the same economic effect as any of the
foregoing).

“Liquidity”:  the sum of
(a) cash and Cash Equivalents held by the Borrower and its Subsidiaries, plus
(b) so long as the Borrower is able to satisfy the conditions to borrowing set
forth in clauses (a) and (b) of Section 6.3, the Available Revolving
Commitments.

“Loan”:  any loan
made by any Lender pursuant to this Agreement.

“Loan Documents”:  this Agreement,
the Notes, the Security Documents and the Fee Letter.

“Loan Parties”:  each Group
Member that is a party to a Loan Document.

“Major Event of Default”:  any Event
of Default arising under any of the following provisions (but only insofar as
relates to the Certain Funds Loan Parties):

(i)            Section
9 (Events of Default) clause (a), provided that there shall be no Event
of Default resulting from non-payment by a Certain Funds Loan Party where that payment has been triggered solely
by a demand under or acceleration
of any Loan Document resulting otherwise than from a Major Event of Default;

(ii)           Section
9 (Events of Default) clause (b) by virtue of a breach of the representations
set out in paragraph (a) of Section 5.3 (Corporate Existence; Compliance with Law),
Section 5.4 (Power; Authorization; Enforceable Obligations); Section 5.5 (No Legal Bar) (but only to the
extent a breach of Section 5.5 could reasonably be expected to have a
Material Adverse Effect), Section 5.22
(Anti-terrorism) (to the extent such breach is material and constitutes a
willful failure by the Certain Funds Loan Parties to comply with such
requirements) or Section 5.14 (Investment Company Act; Other Regulations) (but
only to the extent such Event of Default arises under a breach of the representation
set out in the first sentence of such Section 5.14);

(iii)          Section
9 (Events of Default) clause (c) or clause (d) by virtue of a breach of the
covenants set out in Section 7.12(a) (Scheme Press Release) or (b) (Scheme
Documents), 7.13(a) (Offer Press Release) or (b) (Offer Document), Section 7.17
(Blocked Accounts; Escrow Accounts), Section 8.2 (Indebtedness), Section 8.3
(Liens), Section 8.4 (Fundamental Changes), Section 8.5 (Disposition of
Property), Section 8.8 (Investments), Section 8.17 

 23
 

(Amendments
to Scheme), Section 8.18 (Amendments to Offer) or Section 8.19 (Blocked
Accounts), provided that, in each case, there shall be no Major Event of
Default resulting from a breach by any Certain Funds Loan Party of its
obligations to procure or not to procure or not to permit its Subsidiaries
(which are not Certain Funds Loan Parties) to take the actions referred to in
such Sections; and

(iv)          Section
9 (Events of Default) clause (f).

“Majority Facility
Lenders”:  with respect to any Facility, the holders of
more than 50% of the aggregate unpaid principal amount of the Term Loans or the
Total Revolving Extensions of Credit, as the case may be, outstanding under
such Facility (or, in the case of the Revolving Facility, prior to any
termination of the Revolving Commitments, the holders of more than 50% of the
Total Revolving Commitments).

“Material Adverse
Effect”:  a material adverse effect on (a) the
business, assets, property, financial condition or results of operations of the
Borrower and its Subsidiaries taken as a whole, (b) the validity or
enforceability of this Agreement or any of the other Loan Documents or the
rights or remedies of the Agents or the Lenders hereunder or thereunder or (c)
the validity, perfection or priority of the Senior Collateral Agent’s Liens
upon a material portion of the Collateral.

“Materials of
Environmental Concern”:  any gasoline or petroleum (including crude
oil or any fraction thereof) or petroleum products or any hazardous or toxic
substances, materials or wastes, defined or regulated as such in or under any
Environmental Law, including asbestos, polychlorinated biphenyls and
urea-formaldehyde insulation.

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

“Mortgages”:  any
mortgage or deed of trust made by any Loan Party in favor of, or for the
benefit of, the Senior Collateral Agent for the benefit of the Secured Parties,
in a form reasonably satisfactory to the Senior Administrative Agent and Senior
Collateral Agent.

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

“Net Cash Proceeds”:  (a)  in connection with any Asset Sale or any
Recovery Event, the proceeds thereof in the form of cash and Cash Equivalents
(including any such proceeds received by way of deferred payment of principal
pursuant to a note or installment receivable or purchase price adjustment
receivable or by the Disposition of any non-cash consideration received in
connection therewith or otherwise, but only as and when received), net 

 24
 

of attorneys’ fees,
accountants’ fees, investment banking fees, amounts required to be applied to
the repayment of Indebtedness secured by a Lien expressly permitted hereunder
on any asset that is the subject of such Asset Sale or Recovery Event (other
than any Lien pursuant to a Security Document) and other customary fees and
expenses actually incurred in connection therewith and net of taxes paid or
reasonably estimated to be payable as a result thereof (after taking into
account any available tax credits or deductions and any tax sharing
arrangements) and (b) in connection with any issuance or sale of Capital Stock,
any capital contribution or any incurrence of Indebtedness, the cash proceeds
received from such issuance, contribution or incurrence, net of attorneys’
fees, investment banking fees, accountants’ fees, underwriting discounts and
commissions and other customary fees and expenses actually incurred in
connection therewith.

“New Shares”: the
new ordinary shares of nominal value ten pence each in the capital of Constellation
which are issued by Constellation to the Borrower pursuant to the Scheme.

“Non-Consenting Lenders”:  as defined
in Section 11.1.

“Non-Excluded Taxes”:  as defined
in Section 4.10(a).

“Non-U.S. Lender”:  as defined
in Section 4.10(d).

“Notes”:  the
collective reference to any promissory note evidencing Loans.

“Offer”: the offer (if any), pre-conditional or otherwise,
proposed to be made by Bidco substantially on the terms set out in the Offer
Press Release to acquire all of the Capital Stock of Constellation not already
owned by the Borrower or its Subsidiaries.

“Offer Conversion”:
as defined in Section 7.11.

“Offer Conversion
Notice”: as defined in Section 7.11.

“Offer Document”:  the
document to be sent to the shareholders of Constellation in order to make the
Offer.

“Offer Press Release”:  if an
Offer Conversion occurs, the press announcement substantially in the agreed
terms to be released by or on behalf of Bidco under Section 2.5 of the City
Code to announce the terms of the Offer, pre-conditional or otherwise; provided
that such press announcement shall have substantially the same terms as those
set forth in the Scheme 

 25
 

Press Release
(other than those changes necessary in connection with the conversion of the
Scheme to an Offer).

“OFT”:  the UK
Office of Fair Trading.

“Organizational
Documents”:  as to any Person, the Certificate of
Incorporation, Certificate of Formation, By Laws, Limited Liability Company
Agreement, Partnership Agreement, memorandum and articles of association or
other organizational or governing documents of such Person.

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

“Panel”:  the Panel
on Takeovers and Mergers.

“Participant”:  as defined
in Section 11.6(c).

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

“Patriot Act”:  the USA
Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

“PBGC”:  the
Pension Benefit Guaranty Corporation established pursuant to Subtitle A of
Title IV of ERISA (or any successor thereto).

“Perfection Certificate”:  a
certificate substantially in the form of Exhibit M with such changes as are
reasonably required or agreed to by the Senior Administrative Agent or any
other form approved by the Senior Administrative Agent but excluding any
information in respect of the Constellation Group.

“Permitted Acquisition”:  any
acquisition, whether by purchase, merger or otherwise, of all or substantially
all of the assets of, all of the Capital Stock of, or a business line or unit
or a division of, any Person; provided, (i) immediately prior to, and
after giving effect thereto, no Default or Event of Default shall have occurred
and be continuing or would result therefrom; (ii) all transactions in
connection therewith shall be consummated, in all material 

 26
 

respects, in
accordance with all applicable laws and in conformity with all applicable
Governmental Authorizations; (iii) in the case of the acquisition of Capital
Stock, all of the Capital Stock (except for any such Capital Stock in the
nature of directors’ qualifying shares required pursuant to applicable law)
acquired or otherwise issued by such Person or any newly formed Subsidiary of
the Borrower in connection with such acquisition shall be owned 100% by the
Borrower or a Guarantor thereof, and the Borrower shall have taken, or caused
to be taken, as of the date such Person becomes a Subsidiary of the Borrower,
each of the actions set forth in Sections 7.10; (iv) the Borrower and its
Subsidiaries shall be in compliance with the financial covenants set forth in
Section 8.1 on a pro forma basis after giving effect to such acquisition as if
such acquisition had occurred on the first day of the most recent period of
four consecutive fiscal quarters in respect of which the Consolidated Leverage
Ratio has been tested in accordance with Section 8.1(a) but utilizing the
financial covenant levels set forth in Section 8.1 corresponding to the period
of four consecutive fiscal quarters ending at the conclusion of the fiscal
quarter in which such acquisition occurs, (v) immediately prior to, and after
giving effect thereto, the Borrower and its Subsidiaries shall have minimum
Liquidity of $20,000,000, (vi) the Borrower shall have delivered to the Senior
Administrative Agent at least ten (10) Business Days prior to such proposed
acquisition, a Compliance Certificate evidencing compliance with Section 8.1 as
required under clause (iv) above and compliance with clause (viii) below,
together with all relevant financial information with respect to such acquired
assets, including, without limitation, the aggregate consideration for such
acquisition, any other information reasonably required to demonstrate
compliance with Section 8.1 and, in the case of any acquisition with aggregate
consideration in excess of $25,000,000, appropriate revisions to the
projections included in the Confidential Information Memorandum, or, if
Projections have been provided pursuant to Section 7.2(c), appropriate
revisions to such Projections, in each case after giving effect to such
acquisition (such revised projections or Projections to be accompanied by a
certificate of a Responsible Officer stating that such revised projections or
Projections are based on estimates, information and assumptions set forth
therein and otherwise believed by such Responsible Officer to be reasonable at
such time (it being recognized that such revised projections or Projections
relate to future events and are not to be viewed as fact and that actual
results during the period covered thereby may differ from such revised
projections or Projections by a material amount)); (vii) any Person or assets
or division as acquired in accordance herewith shall be in substantially related
businesses or lines of business, or businesses ancillary or complimentary
thereto in which the Borrower and/or its Subsidiaries are engaged, or are
permitted to be engaged as provided herein, as of the time of such acquisition
and (viii) the total consideration paid in connection with all Permitted
Acquisitions (including any Earn-Out Obligations and any Indebtedness of any
acquired Person that is assumed by the Borrower or any of its Subsidiaries
following such acquisitions) shall not exceed (x) $75,000,000 in the aggregate
or (y) $100,000,000 in the aggregate if at least $25,000,000 thereof consists
of Net Cash Proceeds from the issuance of Capital Stock.

“Permitted Purpose”:  as defined in the
definition of Certain Funds Loan.

“Permitted Subordinated Indebtedness”:  any Subordinated
Debt of the Borrower or any of its Subsidiaries incurred form time to time
provided that the proceeds of such Indebtedness shall be used only for purposes
of financing any Permitted Acquisition.

 27
 

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

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

“Pledged Company”:  any Subsidiary of the Borrower the Capital
Stock of which is pledged to the Senior Collateral Agent pursuant to any
Security Document.

“pound”, “pounds” or “pound sterling” or “£” denotes the
lawful currency of the United Kingdom.

“Pro Forma Financial
Statements”:  as defined in Section 7.1(c).

“Projections”:  as defined
in Section 7.2(c).

“Properties”:  as defined
in Section 5.17(a).

“Property”:  any right
or interest in or to property of any kind whatsoever, whether real, personal or
mixed and whether tangible or intangible, including, without limitation,
Capital Stock.

“Qualified Counterparty”: with respect to any Specified Hedge Agreement,
any counterparty thereto that, at the time such Specified Hedge Agreement was
entered into, was a Lender, an Affiliate of a Lender, an Agent or an Affiliate
of an Agent; provided that, in the event a counterparty to a Specified
Hedge Agreement at the time such Specified Hedge Agreement was entered into was
a Qualified Counterparty, such counterparty shall constitute a Qualified
Counterparty hereunder and under the other Loan Documents.

“Rationalizing Constellation Disposition”:  those
Dispositions of the business units, business lines or Subsidiaries of
Constellation (i) that are required by any Governmental Authority to the extent
the same may be required but not permit a termination of the Acquisition
Agreement in effect as of the date hereof in respect of such requirement or
(ii) determined by the Borrower to be in the best interests of the Borrower and
its Subsidiaries.

 28
 

“Recovery Event”:  any
settlement of or payment in respect of any property or casualty insurance claim
or any condemnation proceeding relating to any asset of any Group Member that
yields gross proceeds to any Group Member in excess of $2,000,000.

“Reference Lender”:  Morgan
Stanley Senior Funding, Inc.

“Refunded Swingline
Loans”:  as defined in Section 3.4.

“Refunding Date”:  as defined
in Section 3.4.

“Register”:  as defined
in Section 11.6(b).

“Registrar of Companies”:  the
registrar of companies for England and Wales.

“Regulation U”:  Regulation
U of the Board as in effect from time to time.

“Reimbursement
Obligation”:  the obligation of the Borrower to reimburse
the Issuing Lender pursuant to Section 3.11 for amounts drawn under Letters of
Credit.

“Reinvestment Deferred
Amount”:  with respect to any Reinvestment Event, the
aggregate Net Cash Proceeds received by any Group Member in connection
therewith that are not applied to prepay the Term Loans or reduce the Revolving
Commitments pursuant to Section 4.2(b) as a result of the delivery of a
Reinvestment Notice.

“Reinvestment Event”:  any Asset
Sale or Recovery Event in respect of which the Borrower has delivered a
Reinvestment Notice.

“Reinvestment Notice”:  a written
notice executed by a Responsible Officer stating that no Event of Default has
occurred and is continuing and that the Borrower (directly or indirectly
through a Subsidiary) intends and expects to use all or a specified portion of
the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair
fixed or capital assets useful in its business.

“Reinvestment
Prepayment Amount”:  with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less any amount expended prior to
the relevant Reinvestment Prepayment Date to acquire or repair fixed or capital
assets useful in the Borrower’s business.

 29
 

“Reinvestment
Prepayment Date”:  with respect to any Reinvestment Event, the
date occurring (a) six months after such Reinvestment Event or (b) in the case
of a Rationalizing Constellation Disposition, twelve months after such
Reinvestment Event.

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

“Reportable Event”:  any of the
events set forth in Section 4043(b) of ERISA, other than those events as to
which the thirty day notice period is waived under subsections .27, .28, .29,
..30, .31, .32, .34 or .35 of PBGC Reg. § 4043.

“Required Lenders”:  at any
time, the holders of more than 50% of (a) until the Funding Date, the
Commitments then in effect and (b) thereafter, the sum of (i) the aggregate
unpaid principal amount of the Term Loans then outstanding and (ii) the Total
Revolving Commitments then in effect or, if the Revolving Commitments have been
terminated, the Total Revolving Extensions of Credit then outstanding; provided, that the aggregate
unpaid principal amount of the Term Loans then outstanding, unused Revolving
Commitments of and the portion of the Total Revolving Extensions of Credit, in
each case, held or deemed held by any Defaulting Lender shall be excluded for
purposes of making a determination of Required Lenders.

“Requirement of Law”:  as to any
Person, any law, treaty, rule or regulation or determination of an arbitrator
or a court or other Governmental Authority, in each case applicable to or
binding upon such Person or any of its property or to which such Person or any
of its property is subject.

“Responsible Officer”:  the chief
executive officer, president or chief financial officer of the Borrower, but in
any event, with respect to financial matters, the chief financial officer of
the Borrower.

“Restricted Payments”:  as defined
in Section 8.6.

“Revolving Commitment”:  as to any
Lender, the obligation of such Lender, if any, to make Revolving Loans and
participate in Swingline Loans and Letters of Credit in an aggregate principal
and/or face amount not to exceed the amount set forth under the heading “Revolving
Commitment” under such Lender’s name on such Lender’s Addendum or in the
Assignment and Assumption pursuant to which such Lender became a party hereto,
as the same may be changed from time to time pursuant to the terms hereof.  The original amount of the Total Revolving
Commitments is $15,000,000.  As of the
Effective Date, Morgan Stanley Senior Funding, Inc. shall hold 80% of the
aggregate Revolving Commitments and Bank of America, N.A. shall hold 20% of the
aggregate Revolving Commitments.

 30
 

“Revolving Availability
Period”:  the period from and including the Funding
Date to the Revolving Termination Date.

“Revolving Extensions
of Credit”:  as to any Revolving Lender at any time, an
amount equal to the sum of (a) the aggregate principal amount of all Revolving
Loans held by such Lender then outstanding, (b) such Lender’s Revolving
Percentage of the L/C Obligations then outstanding and (c) such Lender’s
Revolving Percentage of the aggregate principal amount of Swingline Loans then
outstanding.

“Revolving Facility”:  the
Revolving Commitments and the extensions of credit made thereunder.

“Revolving Lender”:  each
Lender that has a Revolving Commitment or that holds Revolving Loans.

“Revolving Loans”:  as defined
in Section 3.1(a).

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

“Revolving Termination
Date”:  the date that is five years after the Funding
Date.

“S&P”:  Standard
& Poor’s Ratings Group, Inc.

“Scheme”: the
scheme of arrangement conducted in accordance with Section 425 of the Companies
Act 1985 (or, if applicable, Part 26 of the Companies Act 2006) to be proposed
by Constellation to its shareholders pursuant to which the Borrower will become
the only shareholder of Constellation by virtue of having been allotted and
issued New Shares which are paid up out of the reserve created by the
cancellation of the Constellation Shares, details of which are set out in the
Scheme Circular.

“Scheme Circular”:
the circular to the shareholders of Constellation, issued, or to be issued, by
Constellation setting forth the proposals for the Scheme.

 31
 

“Scheme Press Release”:
a press announcement released by the Borrower and Constellation under Section
2.5 of the City Code to announce the terms of the pre-conditional Scheme.

“Scheme Resolution”
the resolution referred to and in the form set out in the Scheme Circular.

“SEC”:  the
Securities and Exchange Commission, any successor thereto and any analogous
Governmental Authority.

“Secured Parties”:  the
collective reference to the Senior Administrative Agent, the Senior Collateral
Agent, the Term Lenders, the Revolving Lenders, the Issuing Lender, the
Swingline Lender and any Qualified Counterparties.

“Security Documents”:  the
collective reference to the Guarantee and Collateral Agreement, the Mortgages,
the Control Agreements and all other security documents hereafter delivered to
the Senior Collateral Agent granting a Lien on any property of any Person to
secure the Senior Obligations of any Loan Party under any Loan Document or
Specified Hedge Agreement.

“Security Trust Deed”: the security trust deed to be executed by the
Senior Collateral Agent, the Senior Administrative Agent and the Borrower, as
the same may be amended, restated, supplemented or otherwise modified from time
to time.

“Seller”:  the
shareholders of Constellation.

“Senior Administrative
Agent”:  as defined in the preamble to this Agreement.

“Senior Collateral
Agent”:  as defined in the preamble to this Agreement.

“Senior Obligations”:  as defined
in the Guarantee and Collateral Agreement.

“Single Employer Plan”:  any Plan
that is covered by Title IV of ERISA, but that is not a Multiemployer Plan.

“Solvent”:  when used
with respect to any Person, means that, as of any date of determination, (a)
the amount of the “present fair saleable value” of the assets of such Person
will, as of such date, exceed the amount of all “liabilities of such Person,
contingent or otherwise”, as 

 32
 

of such date, as
such quoted terms are determined in accordance with applicable federal and
state laws governing determinations of the insolvency of debtors, (b) the
present fair saleable value of the assets of such Person will, as of such date,
be greater than the amount that will be required to pay the liability of such
Person on its debts as such debts become absolute and matured, (c) such Person
will not have, as of such date, an unreasonably small amount of capital with
which to conduct its business, and (d) such Person will be able to pay its
debts as they mature.   In computing the
amount of contingent liabilities at any time, it is intended that such
liabilities will be computed at the amount which, in light of all the facts and
circumstances existing at such time, represents the amount that can reasonably
be expected to become an actual or matured liability.

“Specified Hedge
Agreement”:  any Hedge Agreement (a) entered into by (i)
the Borrower and (ii) any Qualified Counterparty, as counterparty and (b) that
has been designated by such Qualified Counterparty and the Borrower, by notice
to the Senior Administrative Agent, as a Specified Hedge Agreement.  The designation of any Hedge Agreement as a
Specified Hedge Agreement shall not create in favor of any Qualified
Counterparty that is a party thereto any rights in connection with the
management or release of any Collateral or of the obligations of any Guarantor
under either Guarantee and Collateral Agreement, except as contemplated in
Section 11.14.

“Sterling”:  denotes the lawful currency of the United
Kingdom.

“Subordinated Debt”:  any Indebtedness of the Borrower or any of
its Subsidiaries incurred from time to time provided that (a) such Indebtedness
shall not provide for any scheduled or mandatory payments, prepayments, sinking
fund or other repurchase or redemption payments prior to the date which is six
months after the maturity date of the Term Loans, (b) the subordination
provisions thereof shall be reasonably satisfactory to the Senior
Administrative Agent, and (c) both before and after giving effect to the
issuance of such Indebtedness, no Event of Default or Default has occurred and
is continuing.

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

“Successful
Syndication”:  as defined in the Fee Letter.

 33
 

“Swingline Commitment”:  the
obligation of the Swingline Lender to make Swingline Loans pursuant to Section
3.3 in an aggregate principal amount at any one time outstanding not to exceed
$5,000,000.

“Swingline Lender”:  Bank of
America, N.A., in its capacity as the lender of Swingline Loans.

“Swingline Loans”:  as defined
in Section 3.3.

“Swingline
Participation Amount”:  as defined in Section 3.4.

“Syndication Agent”:  as defined
in the preamble to this Agreement.

“Term Commitments”:  as to any
Lender, the obligation of such Lender, if any, to make Term Loans in an
aggregate principal and/or face amount not to exceed the amount set forth under
the heading “Term Commitment” under such Lender’s name on such Lender’s
Addendum or in the Assignment and Assumption pursuant to which such Lender
became a party hereto, as the same may be changed from time to time pursuant to
the terms hereof.  The original aggregate
amount of the Term Commitments is $285,000,000. 
As of the Effective Date, Morgan Stanley Senior Funding, Inc. shall hold
80% of the aggregate Term Commitments and Bank of America, N.A. shall hold 20%
of the aggregate Term Commitments.

“Term Facility”:  the Term
Commitments and the Term Loans made thereunder.

“Term Lenders”:  each
Lender that has a Term Commitment or that holds a Term Loan.

“Term Loans”:  as defined
in Section 2.1.

“Term Percentage”:  as to any
Term Lender at any time, the percentage which such Lender’s Term Commitment
then constitutes of the aggregate Term Commitments (or, at any time after the
Funding Date, the percentage which the aggregate principal amount of such
Lender’s Term Loans then outstanding constitutes of the aggregate principal
amount of the Term Loans then outstanding).

“Total Revolving
Commitments”:  at any time, the aggregate amount of the
Revolving Commitments then in effect.  As
of the Effective Date, Morgan Stanley Senior Funding, Inc. shall hold 80% of
the Total Revolving Commitments and Bank of America, N.A. shall hold 20% of the
Total Revolving Commitments.

 34
 

“Total Revolving
Extensions of Credit”:  at any time, the aggregate amount of the
Revolving Extensions of Credit of the Revolving Lenders outstanding at such
time.

“Transaction”:  collectively,
(a) the Acquisition, (b) the borrowing of the Loans, (c) the borrowing of the
Interim Loans under the Interim Credit Agreement, (d) the immediate lending of
the proceeds of such Loans to UK AcquiSub Holdings and from UK AcquiSub
Holdings to UK AcquiSub to fund the Acquisition and (e) the payment of the
Transaction Costs.

“Transaction Costs”:  all fees,
costs and expense incurred or payable by the Borrower or any Subsidiary in
connection with the Transactions.

“Transferee”:  any
Assignee or Participant.

“Type”:  as to any
Loan, its nature as a Base Rate Loan or a Eurodollar Loan.

“Unasserted Contingent
Obligations”:  as defined in the Guarantee and Collateral
Agreement.

“UK”:  the United
Kingdom.

“UK AcquiSub”:  Websense SC Operations Limited.

“UK AcquiSub Holdings”:  Websense
SC Holdings Limited.

“Unconditional Date”:  the date
on which the Offer becomes or is declared unconditional in all respects.

“United States”:  the United
States of America.

“Wholly Owned
Subsidiary”:  as to any Person, any other Person all of the
Capital Stock of which (other than directors’ qualifying shares required by
law) is owned by such Person directly and/or through other Wholly Owned
Subsidiaries.

“Wholly Owned
Subsidiary Guarantor”:  any Guarantor that is a Wholly Owned
Subsidiary of the Borrower.

 35
 

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

(b)       As
used herein and in the other Loan Documents, and any certificate or other
document made or delivered pursuant hereto or thereto, (i) accounting terms
relating to any Group Member not defined in Section 1.1 and accounting terms
partly defined in Section 1.1, to the extent not defined, shall have the
respective meanings given to them under GAAP, (ii) the words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without limitation”,
(iii) the word “incur” shall be construed to mean incur, create, issue, assume,
become liable in respect of or suffer to exist (and the words “incurred” and “incurrence”
shall have correlative meanings), (iv) the words “asset” and “property” shall
be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, Capital Stock,
securities, revenues, accounts, leasehold interests and contract rights, and
(v) references to agreements or other Contractual Obligations shall, unless
otherwise specified, be deemed to refer to such agreements or Contractual
Obligations as amended, supplemented, restated or otherwise modified from time
to time (subject to any applicable restrictions hereunder).

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

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

(e)       Except
as otherwise expressly provided herein, all terms of an accounting or financial
nature shall be construed in accordance with GAAP; provided that, if
either the Borrower notifies the Senior Administrative Agent that such Borrower
requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the date hereof in GAAP or in the application thereof on
the operation of such provision (or if the Senior Administrative Agent notifies
the Borrowers that the Required Lenders request an amendment to any provision
hereof for such purpose), regardless of whether any such notice is given before
or after such change in GAAP or in the application thereof, then such provision
shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have
been withdrawn or such provision amended in accordance herewith.

(f)        When
the payment of any obligation or the performance of any covenant, duty or
obligation is stated to be due or performance required on a day which is not a
Business Day, the date of such payment or performance shall extend to the
immediately succeeding Business Day and such extension of time shall be
reflected in computing interest or 

 36
 

fees, as the case may be; provided
that, with respect to any payment of interest on or principal of Eurodollar
Loans, if such extension would cause any such payment to be made in the next
succeeding calendar month, such payment shall be made on the immediately
preceding Business Day.

SECTION 2.           AMOUNT
AND TERMS OF TERM COMMITMENTS

2.1           Term Commitments.  Subject to the terms and conditions hereof,
during the Certain Funds Period, each Term Lender severally agrees to make a
term loan (a “Term
Loan”) for the Permitted Purpose to
the Borrower on the Funding Date in an amount not to exceed the amount of the Term
Commitment of such Lender.  The Term
Loans may from time to time be Eurodollar Loans or Base Rate Loans, as
determined by the Borrower and notified to the Senior Administrative Agent in
accordance with Sections 2.2 and 4.3.

2.2           Procedure for Term Loan Borrowing.  The Borrower shall give the Senior
Administrative Agent irrevocable notice (which notice must be received by the Senior
Administrative Agent prior to 12 Noon, New York City time, one Business Day
prior to the anticipated Funding Date) requesting that the Term Lenders make
the Term Loans on the Funding Date and specifying the amount to be
borrowed.  The Term Loans that are
Eurodollar Loans made on the Funding Date shall have an Interest Period of one
month.  Upon receipt of such notice the Senior
Administrative Agent shall promptly notify each Term Lender thereof.  Not later than 2:00 P.M., New York City time,
on the Funding Date each Term Lender shall make available to the Senior
Administrative Agent at the Funding Office an amount in immediately available
funds equal to the Term Loan or Term Loans to be made by such Lender.  The Senior Administrative Agent shall credit
the account of the Borrower on the books of such office of the Senior
Administrative Agent with the aggregate of the amounts made available to the Senior
Administrative Agent by the Term Lenders in immediately available funds.

2.3           Repayment of Term Loans.  Subject to adjustment pursuant to the terms
of this Agreement, the Borrower shall repay the Term Loans on March 31, June
30, September 30 and December 31 of each year, commencing with the first such
date to occur after the first full fiscal quarter after the Funding Date, each
such payment to be in an amount equal to 0.25% of the aggregate principal
amount of the then outstanding Term Loans, with the balance payable on the sixth
anniversary of the Funding Date.

SECTION 3.           AMOUNT
AND TERMS OF REVOLVING COMMITMENTS

3.1           Revolving Commitments

(a)           Subject
to the terms and conditions hereof, each Revolving Lender severally agrees to
make revolving credit loans (“Revolving Loans”)
to the Borrower from time to time during the Revolving Availability Period in
an aggregate principal amount at any one time outstanding which, when added to
such Lender’s Revolving Percentage of the sum of (i) the L/C Obligations then
outstanding and (ii) the aggregate principal amount of the Swingline Loans then
outstanding, does not exceed the amount of such Lender’s Revolving
Commitment.  During 

 37
 

the
Revolving Availability Period the Borrower may use the Revolving Commitments by
borrowing, prepaying and reborrowing the Revolving Loans in whole or in part,
all in accordance with the terms and conditions hereof.  The Revolving Loans may from time to time be
Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified
to the Senior Administrative Agent in accordance with Sections 3.2 and 4.3.

(b)           The
Borrower shall repay all outstanding Revolving Loans on the Revolving
Termination Date.

3.2           Procedure for Revolving Loan
Borrowing.  The Borrower may borrow
under the Revolving Commitments during the Revolving Availability Period on any
Business Day, provided that the Borrower shall give the Senior Administrative
Agent irrevocable notice (which notice must be received by the Senior
Administrative Agent prior to 12:00 Noon, New York City time, (a) three
Business Days prior to the requested Borrowing Date, in the case of Eurodollar
Loans, or (b) one Business Day prior to the requested Borrowing Date, in the
case of Base Rate Loans) (provided that any such notice of a borrowing of Base
Rate Loans to finance payments required to be made pursuant to Section 3.5 may
be given not later than 12:00 Noon, New York City time, on the date of the
proposed borrowing), specifying (i) the amount and Type of Revolving Loans to
be borrowed, (ii) the requested Borrowing Date, (iii) in the case of Eurodollar
Loans, the respective amounts of each such Type of Loan and the respective
lengths of the initial Interest Period therefore and (iv) other than in respect
of Certain Funds Loans, that as of such date Sections 6.3(a) and (b) are
satisfied, and in the case of Certain Funds Loans, that as of the Funding Date
in respect of Certain Funds Loans, Section 6.4 is satisfied.  Any Revolving Loans that are Eurodollar Loans
made on the Funding Date shall have an Interest Period of one month.  Each borrowing under the Revolving
Commitments shall be in an amount equal to (x) in the case of Base Rate Loans,
$1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then
aggregate Available Revolving Commitments are less than $1,000,000, such lesser
amount) and (y) in the case of Eurodollar Loans, $1,000,000 or a whole multiple
of $100,000 in excess thereof; provided, that (x) the Swingline Lender
may request, on behalf of the Borrower, borrowings under the Revolving
Commitments that are Base Rate Loans in other amounts pursuant to Section 3.4
and (y) borrowings of Base Rate Loans pursuant to Section 3.11 shall not be
subject to the foregoing minimum amounts. 
Upon receipt of any such notice from the Borrower, the Senior
Administrative Agent shall promptly notify each Revolving Lender thereof.  Each Revolving Lender will make the amount of
its pro rata share of each borrowing
available to the Senior Administrative Agent for the account of the Borrower at
the Funding Office prior to 2:00 P.M., New York City time, on the Borrowing
Date requested by the Borrower in funds immediately available to the Senior
Administrative Agent.  Such borrowing
will then be made available to the Borrower by the Senior Administrative Agent
crediting the account of the Borrower on the books of such office with the
aggregate of the amounts made available to the Senior Administrative Agent by
the Revolving Lenders and in like funds as received by the Senior
Administrative Agent.

 38
 

 

3.3           Swingline Commitment.

(a)           Subject
to the terms and conditions hereof, the Swingline Lender agrees to make a
portion of the credit otherwise available to the Borrower under the Revolving
Commitments from time to time during the Revolving Availability Period by
making swing line loans (“Swingline Loans”)
to the Borrower; provided that (i) the aggregate principal amount of Swingline
Loans outstanding at any time shall not exceed the Swingline Commitment then in
effect (notwithstanding that the Swingline Loans outstanding at any time, when
aggregated with the Swingline Lender’s other outstanding Revolving Loans
hereunder, may exceed the Swingline Commitment then in effect) and (ii) the
Borrower shall not request, and the Swingline Lender shall not make, any
Swingline Loan if, after giving effect to the making of such Swingline Loan,
the aggregate amount of the Available Revolving Commitments would be less than
zero.  During the Revolving Availability
Period, the Borrower may use the Swingline Commitment by borrowing, repaying
and reborrowing, all in accordance with the terms and conditions hereof.  Swingline Loans shall be Base Rate Loans
only.

(b)           The
Borrower shall repay all outstanding Swingline Loans on the Revolving
Termination Date.

3.4           Procedure for Swingline Borrowing;
Refunding of Swingline Loans.

(a)           Whenever
the Borrower desires that the Swingline Lender make Swingline Loans it shall
give the Swingline Lender irrevocable telephonic notice confirmed promptly in
writing (which telephonic notice must be received by the Swingline Lender not
later than 1:00 P.M., New York City time, on the proposed Borrowing Date),
specifying (i) the amount to be borrowed and (ii) the requested Borrowing Date
(which shall be a Business Day during the Revolving Availability Period).  Each borrowing under the Swingline Commitment
shall be in an amount equal to $500,000 or a whole multiple of $100,000 in
excess thereof.  Not later than 3:00
P.M., New York City time, on the Borrowing Date specified in a notice in
respect of Swingline Loans, the Swingline Lender shall make available to the Senior
Administrative Agent at the Funding Office an amount in immediately available
funds equal to the amount of the Swingline Loan to be made by the Swingline
Lender.  The Senior Administrative Agent
shall make the proceeds of such Swingline Loan available to the Borrower on
such Borrowing Date by wire transfer of immediately available funds to a bank
account designated in writing by the Borrower to the Senior Administrative
Agent.

(b)           The
Swingline Lender, at any time and from time to time in its sole and absolute
discretion may, on behalf of the Borrower (which hereby irrevocably directs the
Swingline Lender to act on its behalf), on one Business Day’s notice given by
the Swingline Lender no later than 12:00 Noon, New York City time, request each
Revolving Lender to make, and each Revolving Lender hereby agrees to make, a
Revolving Loan, in an amount equal to such Revolving Lender’s Revolving Percentage
of the aggregate amount of the Swingline Loans (the “Refunded Swingline Loans”) outstanding on the date of such notice, to repay
the Swingline Lender.  Each Revolving
Lender shall make the amount of such Revolving Loan available to the Senior
Administrative Agent at the Funding Office in immediately available funds, not
later than 10:00 A.M., New York City time, one Business Day after the date of
such notice.  The proceeds 

 39
 

of
such Revolving Loans shall be immediately made available by the Senior Administrative
Agent to the Swingline Lender for application by the Swingline Lender to the
repayment of the Refunded Swingline Loans. 
The Borrower irrevocably authorizes the Swingline Lender to charge the
Borrower’s accounts with the Senior Administrative Agent (up to the amount
available in each such account) in order to immediately pay the amount of such
Refunded Swingline Loans to the extent amounts received from the Revolving
Lenders are not sufficient to repay in full such Refunded Swingline Loans.

(c)           If
prior to the time a Revolving Loan would have otherwise been made pursuant to
Section 3.4(b), one of the events described in Section 9(f) shall have occurred
and be continuing with respect to the Borrower or if for any other reason, as
determined by the Swingline Lender in its sole discretion, Revolving Loans may
not be made as contemplated by Section 3.4(b), each Revolving Lender shall, on
the date such Revolving Loan was to have been made pursuant to the notice
referred to in Section 3.4(b) (the “Refunding Date”),
purchase for cash an undivided participating interest in the then outstanding
Swingline Loans by paying to the Swingline Lender an amount (the “Swingline Participation
Amount”) equal to (i) such
Revolving Lender’s Revolving Percentage times (ii) the sum of the
aggregate principal amount of Swingline Loans then outstanding that were to
have been repaid with such Revolving Loans.

(d)           Whenever,
at any time after the Swingline Lender has received from any Revolving Lender
such Lender’s Swingline Participation Amount, the Swingline Lender receives any
payment on account of the Swingline Loans, the Swingline Lender will distribute
to such Lender its Swingline Participation Amount (appropriately adjusted, in
the case of interest payments, to reflect the period of time during which such
Lender’s participating interest was outstanding and funded and, in the case of
principal and interest payments, to reflect such Lender’s pro  rata
portion of such payment if such payment is not sufficient to pay the principal
of and interest on all Swingline Loans then due); provided, however,
that in the event that such payment received by the Swingline Lender is
required to be returned, such Revolving Lender will return to the Swingline
Lender any portion thereof previously distributed to it by the Swingline
Lender.

(e)           Each
Revolving Lender’s obligation to make the Loans referred to in Section 3.4(b)
and to purchase participating interests pursuant to Section 3.4(c) shall be
absolute and unconditional and shall not be affected by any circumstance,
including (i) any setoff, counterclaim, recoupment, defense or other right that
such Revolving Lender or the Borrower may have against the Swingline Lender,
the Borrower or any other Person for any reason whatsoever; (ii) the occurrence
or continuance of a Default or an Event of Default or the failure to satisfy
any of the other conditions specified in Section 6; (iii) any adverse change in
the condition (financial or otherwise) of the Borrower; (iv) any breach of this
Agreement or any other Loan Document by the Borrower, any other Loan Party or
any other Revolving Lender; or (v) any other circumstance, happening or event
whatsoever, whether or not similar to any of the foregoing.

 40

3.5           Commitment
Fees, etc.

(a)           The Borrower agrees to pay to the Senior
Administrative Agent for the account of each Revolving Lender a commitment fee
for the period from and including the first Funding Date to the last day of the
Revolving Availability Period, computed at the Commitment Fee Rate on the
average daily amount of the Available Revolving Commitment of such Lender
during the period for which payment is made, payable quarterly in arrears on
the last day of each March, June, September and December and on the Revolving
Termination Date, commencing on the first of such dates to occur after the first
Funding Date.

(b)           The Borrower agrees to pay to the Senior
Administrative Agent the fees in the amounts and on the dates previously agreed
to in writing by the Borrower and the Senior Administrative Agent.

3.6           Termination or
Reduction of Revolving Commitments. 
The Borrower shall have the right, upon not less than three Business
Days’ notice to the Senior Administrative Agent, to terminate the Revolving Commitments
or, from time to time, to reduce the amount of the Revolving Commitments;
provided that no such termination or reduction of Revolving Commitments shall
be permitted (a) during the Certain Funds Period or (b) if, after giving effect
thereto and to any prepayments of the Revolving Loans and Swingline Loans made
on the effective date thereof, the Total Revolving Extensions of Credit would
exceed the Total Revolving Commitments. 
Any such reduction shall be in an amount equal to $1,000,000, or a
multiple of $500,000 in excess thereof, and shall reduce permanently the
Revolving Commitments then in effect.

3.7           L/C Commitment.

(a)           Subject to the terms and conditions
hereof, the Issuing Lender, in reliance on the agreements of the other
Revolving Lenders set forth in Section 3.10(a), agrees to issue letters of
credit (“Letters of
Credit”) for the account of the
Borrower on any Business Day during the Revolving Availability Period in such
form as may be approved from time to time by the Issuing Lender; provided that
the Issuing Lender shall have no obligation to issue any Letter of Credit (i) if,
after giving effect to such issuance, (x) the L/C Obligations would exceed the
L/C Commitment or (y) the aggregate amount of the Available Revolving
Commitments would be less than zero or (ii) until the date that is 30 days
after the Certain Funds Period.  Each
Letter of Credit shall (i) be denominated in Dollars, (ii) have a face amount
of at least $50,000 (unless otherwise agreed by the Issuing Lender) and (iii)
expire no later than the earlier of (x) the first anniversary of its date of
issuance and (y) the date that is five Business Days prior to the Revolving
Termination Date, provided that any Letter of Credit with a one-year term may
provide for the renewal thereof for additional one-year periods (which shall in
no event extend beyond the date referred to in clause (y) above).

(b)           The Issuing Lender shall not at any
time be obligated to issue any Letter of Credit hereunder if such issuance
would conflict with, or cause the Issuing Lender or any L/C Participant to
exceed any limits imposed by, any applicable Requirement of Law.

 41
 

3.8           Procedure for
Issuance of Letter of Credit.  The
Borrower may from time to time request that the Issuing Lender issue a Letter
of Credit by delivering to the Issuing Lender at its address for notices
specified herein an Application therefor, completed to the satisfaction of the
Issuing Lender, and such other certificates, documents and other papers and
information as the Issuing Lender may request. 
Upon receipt of any Application, the Issuing Lender will notify the Senior
Administrative Agent of the amount, the beneficiary and the requested
expiration of the requested Letter of Credit, and upon receipt of confirmation
from the Senior Administrative Agent that after giving effect to the requested
issuance, the Available Revolving Commitments would not be less than zero, the
Issuing Lender will process such Application and the certificates, documents
and other papers and information delivered to it in connection therewith in
accordance with its customary procedures and shall promptly issue the Letter of
Credit requested thereby (but in no event shall the Issuing Lender be required
to issue any Letter of Credit earlier than three Business Days after its
receipt of the Application therefor and all such other certificates, documents
and other papers and information relating thereto) by issuing the original of
such Letter of Credit to the beneficiary thereof or as otherwise may be agreed
to by the Issuing Lender and the Borrower. 
The Issuing Lender shall furnish a copy of such Letter of Credit to the
Borrower (with a copy to the Senior Administrative Agent) promptly following
the issuance thereof.  The Issuing Lender
shall promptly furnish to the Senior Administrative Agent, which shall in turn
promptly furnish to the Lenders, notice of the issuance of each Letter of
Credit (including the amount thereof).

3.9           Fees and Other
Charges.

(a)           The Borrower will pay a fee on all
outstanding Letters of Credit at a per annum rate equal to the Applicable
Margin then in effect with respect to Eurodollar Loans under the Revolving
Facility times the daily amount available to be drawn under such Letter of
Credit, shared ratably among the Revolving Lenders and payable quarterly in
arrears on each L/C Fee Payment Date after the issuance date.  In addition, the Borrower shall pay to the
Issuing Lender for its own account a fronting fee on the undrawn and unexpired
amount of each Letter of Credit as agreed by the Borrower and the Issuing
Lender, payable quarterly in arrears on each L/C Fee Payment Date after the
Issuance Date.

(b)           In addition to the foregoing fees,
the Borrower shall pay or reimburse the Issuing Lender for such normal and
customary costs and expenses as are incurred or charged by the Issuing Lender
in issuing, negotiating, effecting payment under, amending or otherwise
administering any Letter of Credit.

3.10         L/C Participations.

(a)           The Issuing Lender irrevocably
agrees to grant and hereby grants to each L/C Participant, and, to induce the
Issuing Lender to issue Letters of Credit hereunder, each L/C Participant
irrevocably agrees to accept and purchase and hereby accepts and purchases from
the Issuing Lender, on the terms and conditions set forth below, for such L/C
Participant’s own account and risk an undivided interest equal to such L/C
Participant’s Revolving Percentage in the Issuing Lender’s obligations and
rights under and in respect of each Letter of Credit issued

 42
 

hereunder
and the amount of each draft paid by the Issuing Lender thereunder.  Each L/C Participant unconditionally and
irrevocably agrees with the Issuing Lender that, if a draft is paid under any
Letter of Credit for which the Issuing Lender is not reimbursed in full by the
Borrower in accordance with the terms of this Agreement, such L/C Participant
shall pay to the Senior Administrative Agent upon demand of the Issuing Lender
an amount equal to such L/C Participant’s Revolving Percentage of the amount of
such draft, or any part thereof, that is not so reimbursed. The Senior
Administrative Agent shall promptly forward such amounts to the Issuing Lender.

(b)           If any amount required to be paid by
any L/C Participant to the Senior Administrative Agent for the account of the
Issuing Lender pursuant to Section 3.10(a) in respect of any unreimbursed
portion of any payment made by the Issuing Lender under any Letter of Credit is
paid to the Senior Administrative Agent for the account of the Issuing Lender
within three Business Days after the date such payment is due, such L/C
Participant shall pay to the Senior Administrative Agent for the account of the
Issuing Lender on demand an amount equal to the product of (i) such amount,
times (ii) the daily average Federal Funds Effective Rate during the period
from and including the date such payment is required to the date on which such
payment is immediately available to the Issuing Lender, times (iii) a fraction
the numerator of which is the number of days that elapse during such period and
the denominator of which is 360.  If any
such amount required to be paid by any L/C Participant pursuant to Section
3.10(a) is not made available to the Senior Administrative Agent for the
account of the Issuing Lender by such L/C Participant within three Business Days
after the date such payment is due, the Issuing Lender shall be entitled to
recover from such L/C Participant, on demand, such amount with interest thereon
calculated from such due date at the rate per annum applicable to Base Rate
Loans under the Revolving Facility.  A
certificate of the Issuing Lender submitted to any L/C Participant with respect
to any amounts owing under this Section shall be conclusive in the absence of
manifest error.

(c)           Whenever, at any time after the
Issuing Lender has made payment under any Letter of Credit and has received
from any L/C Participant its pro  rata share of such payment in
accordance with Section 3.10(a), the Senior Administrative Agent or the Issuing
Lender receives any payment related to such Letter of Credit (whether directly
from the Borrower or otherwise, including proceeds of collateral applied
thereto by the Issuing Lender), or any payment of interest on account thereof,
the Senior Administrative Agent or the Issuing Lender, as the case may be, will
distribute to such L/C Participant its pro  rata share thereof; provided,
however, that in the event that any such payment received by
Administrative Agent or the Issuing Lender, as the case may be, shall be
required to be returned by the Senior Administrative Agent or the Issuing
Lender, such L/C Participant shall return to the Senior Administrative Agent
for the account of the Issuing Lender the portion thereof previously
distributed by the Senior Administrative Agent or the Issuing Lender, as the
case may be, to it.

3.11         Reimbursement
Obligation of the Borrower.  The
Borrower agrees to reimburse the Issuing Lender on the Business Day next
succeeding the Business Day on which the Issuing Lender notifies the Borrower
of the date and amount of a draft presented under any Letter of Credit and paid
by the Issuing Lender for the amount of (a) such draft so paid and

 43
 

(b) any taxes, fees,
charges or other costs or expenses incurred by the Issuing Lender in connection
with such payment.  Each such payment
shall be made to the Issuing Lender at its address for notices referred to
herein in Dollars and in immediately available funds.  Interest shall be payable on any such amounts
from the date on which the relevant draft is paid until payment in full at the
rate set forth in (i) until the Business Day next succeeding the date of the
relevant notice, Section 4.5(b) and (ii) thereafter, Section 4.5(c).  Each drawing under any Letter of Credit shall
(unless an event of the type described in clause (i) or (ii) of Section 9(f)
shall have occurred and be continuing with respect to the Borrower, in which
case the procedures specified in Section 3.10 for funding by L/C Participants
shall apply) constitute a request by the Borrower to the Senior Administrative
Agent for a borrowing pursuant to Section 3.2 of Base Rate Loans (or, at the
option of the Senior Administrative Agent and the Swingline Lender in their
sole discretion, a borrowing pursuant to Section 3.4 of Swingline Loans) in the
amount of such drawing.  The Borrowing
Date with respect to such borrowing shall be the first date on which a
borrowing of Revolving Loans (or, if applicable, Swingline Loans) could be
made, pursuant to Section 3.2 or, if applicable, Section 3.4), if the Senior
Administrative Agent had received a notice of such borrowing at the time the Senior
Administrative Agent receives notice from the Issuing Lender of such drawing
under such Letter of Credit.

3.12         Obligations Absolute.  The Borrower’s obligations under Section 3.11
shall be absolute and unconditional under any and all circumstances and
irrespective of any setoff, counterclaim or defense to payment that the
Borrower may have or have had against the Issuing Lender, any beneficiary of a
Letter of Credit or any other Person. 
The Borrower also agrees with the Issuing Lender that the Issuing Lender
shall not be responsible for, and the Borrower’s Reimbursement Obligations
under Section 3.11 shall not be affected by, among other things, the validity
or genuineness of documents or of any endorsements thereon, even though such
documents shall in fact prove to be invalid, fraudulent or forged, or any
dispute between or among the Borrower and any beneficiary of any Letter of
Credit or any other party to which such Letter of Credit may be transferred or
any claims whatsoever of the Borrower against any beneficiary of such Letter of
Credit or any such transferee.  The
Issuing Lender shall not be liable for any error, omission, interruption or
delay in transmission, dispatch or delivery of any message or advice, however
transmitted, in connection with any Letter of Credit, except for errors or
omissions found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from the breach of contractual obligation to
Borrower, gross negligence or willful misconduct of the Issuing Lender .  The Borrower agrees that any action taken or
omitted by the Issuing Lender under or in connection with any Letter of Credit
or the related drafts or documents, if done in the absence of breach of
contractual obligation, gross negligence or willful misconduct and in
accordance with the standards of care specified in the Uniform Commercial Code
of the State of New York, shall be binding on the Borrower and shall not result
in any liability of the Issuing Lender to the Borrower.

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

 44
 

3.14         Applications.  To the extent that any provision of any
Application related to any Letter of Credit is inconsistent with the provisions
of this Section 3, the provisions of this Section 3 shall apply.

SECTION 4.   GENERAL
PROVISIONS APPLICABLE TO LOANS AND LETTERS OF CREDIT

4.1           Optional Prepayments.  The Borrower may at any time and from time to
time prepay the Loans, in whole or in part, without premium or penalty, upon
irrevocable notice delivered to the Senior Administrative Agent no later than 12:00
Noon, New York City time, three Business Days prior thereto, in the case of
Eurodollar Loans, and no later than 12:00 Noon, New York City time, one
Business Day prior thereto, in the case of Base Rate Loans, which notice shall
specify the date and amount of prepayment and whether the prepayment is of
Eurodollar Loans or Base Rate Loans; provided, that if a Eurodollar Loan is prepaid
on any day other than the last day of the Interest Period applicable thereto,
the Borrower shall also pay any amounts owing pursuant to Section 4.11; provided
further that no Loans shall be prepaid hereunder until all Interim Loans have
been paid in full and all commitments with respect thereto have been terminated.  Upon receipt of any such notice the Senior
Administrative Agent shall promptly notify each relevant Lender thereof.  If any such notice is given, the amount
specified in such notice shall be due and payable on the date specified
therein, together with (except in the case of Revolving Loans that are Base
Rate Loans and Swingline Loans) accrued interest to such date on the amount
prepaid.  Partial prepayments of Term
Loans and Revolving Loans shall be in an aggregate principal amount of
$1,000,000 or a whole multiple thereof. 
Partial prepayments of Swingline Loans shall be in an aggregate
principal amount of $100,000 or integral multiples of $50,000 in excess
thereof.

4.2           Mandatory
Prepayments and Commitment Reductions.

(a)       If any Capital Stock or Indebtedness shall be issued
or incurred by any Group Member (other than (i) Excluded Indebtedness, (ii) any
Capital Stock issued to any Group Member, (iii) any Capital Stock issued to any
member of management or directors, officers or employees of any Group Member or
(iv) any Capital Stock issued in contemplation of a Permitted Acquisition) or
any capital contribution is made to any Group Member (other than a capital
contribution by any Group Member), an amount equal to 100% of the Net Cash
Proceeds thereof shall be applied on the date of such issuance, incurrence or
contribution toward the prepayment of the Term Loans and the reduction of the
Revolving Commitments as set forth in Section 4.2(d); provided, however,
that the amount of Net Cash Proceeds payable pursuant to this clause (a) from the
issuance of Capital Stock by any Group Member shall be reduced to 50% if the Borrower’s
Consolidated Leverage Ratio is less than 1.50:1.00.

(b)       If on any date any Group Member shall receive Net Cash
Proceeds from any Asset Sale or Recovery Event then, unless a Reinvestment
Notice shall be delivered in respect thereof, such Net Cash Proceeds shall be
applied on such date toward the prepayment of the Term Loans and the reduction
of the Revolving Commitments as set forth in Section 4.2(d); provided,
that, notwithstanding the foregoing, (i) the aggregate Net Cash Proceeds of
Asset Sales

 45
 

and
Recovery Events that may be excluded from the foregoing requirement pursuant to
a Reinvestment Notice shall not exceed $15,000,000 in any fiscal year of the
Borrower and (ii) on each Reinvestment Prepayment Date, an amount equal to the
Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event
shall be applied toward the prepayment of the Term Loans and the reduction of
the Revolving Commitments as set forth in Section 4.2(d).

(c)       If, for any fiscal year of the Borrower commencing
with the fiscal year ending December 31, 2007, there shall be Excess Cash Flow,
the Borrower shall, on the relevant Excess Cash Flow Application Date, apply
the ECF Percentage of such Excess Cash Flow toward the prepayment of the Term
Loans and the reduction of the Revolving Commitments as set forth in Section
4.2(d).  Each such prepayment and
commitment reduction shall be made on a date (an “Excess Cash Flow Application Date”) no later than five days after the earlier of (i)
the date on which the financial statements of the Borrower referred to in
Section 7.1(a), for the fiscal year with respect to which such prepayment is
made, are required to be delivered to the Lenders and (ii) the date such
financial statements are actually delivered to the Lenders.

(d)       Amounts to be applied in connection with prepayments
and Commitment reductions made pursuant to this Section 4.2 shall be applied, first,
to the prepayment of the Term Loans and, second, to reduce permanently
the Revolving Commitments.  Any such
reduction of the Revolving Commitments shall be accompanied by prepayment of
the Revolving Loans and/or Swingline Loans to the extent, if any, that the
Total Revolving Extensions of Credit exceed the amount of the Total Revolving
Commitments as so reduced, provided that if the aggregate principal
amount of Revolving Loans and Swingline Loans then outstanding is less than the
amount of such excess (because L/C Obligations constitute a portion thereof),
the Borrower shall, to the extent of the balance of such excess, replace
outstanding Letters of Credit and/or deposit an amount in cash in a cash collateral
account established with the Senior Administrative Agent for the benefit of the
Lenders on terms and conditions satisfactory to the Senior Administrative Agent.
 The application of any prepayment
pursuant to Section 4.2 shall be made, first, to Base Rate Loans and, second,
to Eurodollar Loans.  Each prepayment of
Loans under Section 4.2 shall be accompanied by accrued interest to the date of
such prepayment on the amount prepaid.  Notwithstanding
anything herein to the contrary, no Loans shall be prepaid hereunder until all
Interim Loans have been paid in full and all commitments with respect thereto
have been terminated.

4.3           Conversion and
Continuation Options.  (a)  The Borrower may elect from time to time to
convert Eurodollar Loans to Base Rate Loans by giving the Senior Administrative
Agent prior irrevocable notice of such election no later than 12:00 Noon, New
York City time, on the Business Day preceding the proposed conversion date,
provided that any such conversion of Eurodollar Loans may only be made on the
last day of an Interest Period with respect thereto.  The Borrower may elect from time to time to
convert Base Rate Loans to Eurodollar Loans by giving the Senior Administrative
Agent prior irrevocable notice of such election no later than 12:00 Noon, New
York City time, on the third Business Day preceding the proposed conversion
date (which notice shall specify the length of the initial Interest Period
therefor), provided that no Base Rate Loan under a particular Facility may be
converted into a Eurodollar Loan when any

 46
 

Event of Default has
occurred and is continuing and the Senior Administrative Agent has or the
Majority Facility Lenders in respect of such Facility have determined in its or
their sole discretion not to permit such conversions.  Upon receipt of any such notice the Senior
Administrative Agent shall promptly notify each relevant Lender thereof.

(b)       Any Eurodollar Loan may be continued as such upon the
expiration of the then current Interest Period with respect thereto by the
Borrower giving irrevocable notice to the Senior Administrative Agent, in
accordance with the applicable provisions of the term “Interest Period” set
forth in Section 1.1, of the length of the next Interest Period to be
applicable to such Loans, provided that no Eurodollar Loan under a
particular Facility may be continued as such when any Event of Default has
occurred and is continuing and the Senior Administrative Agent has or the
Majority Facility Lenders in respect of such Facility have determined in its or
their sole discretion not to permit such continuations, and provided, further,
that if the Borrower shall fail to give any required notice as described above
in this paragraph or if such continuation is not permitted pursuant to the
preceding proviso such Loans shall be automatically converted to Base Rate
Loans on the last day of such then expiring Interest Period.  Upon receipt of any such notice the Senior
Administrative Agent shall promptly notify each relevant Lender thereof.

4.4           Limitations on Eurodollar
Tranches.  Notwithstanding anything
to the contrary in this Agreement, all borrowings, conversions and
continuations of Eurodollar Loans hereunder and all selections of Interest
Periods hereunder shall be in such amounts and be made pursuant to such
elections so that, (a) after giving effect thereto, the aggregate principal
amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be
equal to $1,000,000 or a whole multiple of $100,000 in excess thereof and (b)
no more than ten Eurodollar Tranches shall be outstanding at any one time.

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

(b)       Each Base Rate Loan shall bear interest at a rate per
annum equal to the Base Rate plus the Applicable Margin.

(c)        (i)  If all or
a portion of the principal amount of any Loan or Reimbursement Obligation shall
not be paid when due (whether at the stated maturity, by acceleration or
otherwise), all outstanding Loans and Reimbursement Obligations (whether or not
overdue) shall, upon the receipt of notice from Senior Administrative Agent at
the direction of Required Lenders, bear interest at a rate per annum equal to
(x) in the case of the Loans, the rate that would otherwise be applicable
thereto pursuant to the foregoing provisions of this Section plus 2% or
(y) in the case of Reimbursement Obligations, the rate applicable to Base Rate
Loans under the Revolving Facility plus 2%, and (ii) if all or a portion
of any interest payable on any Loan or Reimbursement Obligation or any
commitment fee or other amount payable hereunder shall not be paid when due
(whether at the stated maturity, by acceleration or otherwise), such overdue
amount shall bear interest at a rate per annum equal to the rate then
applicable to Base Rate Loans under the relevant Facility plus 2% (or,
in the case of any such

 47
 

other
amounts that do not relate to a particular Facility, the rate then applicable
to Base Rate Loans under the Revolving Facility plus 2%), in each case,
with respect to clauses (i) and (ii) above, from the date of such non payment
until such amount is paid in full (after as well as before judgment).

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

4.6           Computation of
Interest and Fees.  (a)  Interest and fees payable pursuant hereto
shall be calculated on the basis of a 360-day year for the actual days elapsed,
except that, with respect to Base Rate Loans the rate of interest on which is
calculated on the basis of the Prime Rate, the interest thereon shall be
calculated on the basis of a 365- (or 366-, as the case may be) day year for
the actual days elapsed.  The Senior
Administrative Agent shall as soon as practicable notify the Borrower and the
relevant Lenders of each determination of a Eurodollar Rate.  Any change in the interest rate on a Loan
resulting from a change in the Base Rate or the Eurocurrency Reserve
Requirements shall become effective as of the opening of business on the day on
which such change becomes effective.  The
Senior Administrative Agent shall as soon as practicable notify the Borrower
and the relevant Lenders of the effective date and the amount of each such
change in interest rate.

(b)       Each determination of an interest rate by the Senior
Administrative Agent pursuant to any provision of this Agreement shall be
conclusive and binding on the Borrower and the Lenders in the absence of
manifest error.  The Senior
Administrative Agent shall, at the request of the Borrower, deliver to the
Borrower a statement showing the quotations used by the Senior Administrative
Agent in determining any interest rate pursuant to Section 4.5(a).

4.7           Inability to
Determine Interest Rate.  If prior to
the first day of any Interest Period:

(A)          the Senior Administrative Agent
shall have determined (which determination shall be conclusive and binding upon
the Borrower) that, by reason of circumstances affecting the relevant market,
adequate and reasonable means do not exist for ascertaining the Eurodollar Rate
for such Interest Period, or

(B)           the Senior Administrative Agent
shall have received notice from the Majority Facility Lenders in respect of the
relevant Facility that the Eurodollar Rate determined or to be determined for
such Interest Period will not adequately and fairly reflect the cost to such
Lenders (as conclusively certified by such Lenders) of making or maintaining
their affected Loans during such Interest Period,

 48
 

the Senior Administrative
Agent shall give telecopy or telephonic notice thereof to the Borrower and the
relevant Lenders as soon as practicable thereafter.  If such notice is given (x) any Eurodollar
Loans under the relevant Facility requested to be made on the first day of such
Interest Period shall be made as Base Rate Loans, (y) any Loans under the relevant
Facility that were to have been converted on the first day of such Interest
Period to Eurodollar Loans shall be continued as Base Rate Loans and (z) any
outstanding Eurodollar Loans under the relevant Facility shall be converted, on
the last day of the then-current Interest Period, to Base Rate Loans.  Until such notice has been withdrawn by the Senior
Administrative Agent, no further Eurodollar Loans under the relevant Facility
shall be made or continued as such, nor shall the Borrower have the right to
convert Loans under the relevant Facility to Eurodollar Loans.

4.8           Pro Rata Treatment
and Payments.  (a)  Each borrowing by the Borrower from the
Lenders hereunder, each payment by the Borrower on account of any commitment
fee and any reduction of the Commitments of the Lenders shall be made pro
rata according to the respective Term Percentages or Revolving Percentages,
as the case may be, of the relevant Lenders.

(b)       Each payment (including each prepayment) by the
Borrower on account of principal of and interest on the Term Loans shall be
made pro rata according to the respective
outstanding principal amounts of the Term Loans then held by the Term
Lenders.  The amount of each principal
prepayment of the Term Loans shall be applied to reduce the then remaining installments
of the Term Loans, pro rata based upon the
then remaining principal amount thereof. 
Amounts repaid or prepaid on account of the Term Loans may not be
reborrowed.

(c)       Each payment (including each prepayment) by the
Borrower on account of principal of and interest on the Revolving Loans shall
be made pro rata according to the
respective outstanding principal amounts of the Revolving Loans then held by
the Revolving Lenders.

(d)       All payments (including prepayments) to be made by the
Borrower hereunder, whether on account of principal, interest, fees or
otherwise, shall be made without setoff or counterclaim and shall be made prior
to 12:00 Noon, New York City time, on the due date thereof to the Senior
Administrative Agent, for the account of the Lenders, at the Funding Office, in
Dollars and in immediately available funds. 
The Senior Administrative Agent shall distribute such payments to the
Lenders promptly upon receipt in like funds as received.  If any payment hereunder (other than payments
on the Eurodollar Loans) becomes due and payable on a day other than a Business
Day, such payment shall be extended to the next succeeding Business Day.  If any payment on a Eurodollar Loan becomes
due and payable on a day other than a Business Day, the maturity thereof shall
be extended to the next succeeding Business Day unless the result of such
extension would be to extend such payment into another calendar month, in which
event such payment shall be made on the immediately preceding Business Day.  In the case of any extension of any payment
of principal pursuant to the preceding two sentences, interest thereon shall be
payable at the then applicable rate during such extension.

 49
 

(e)       Unless the Senior Administrative Agent shall have been
notified in writing by any Lender prior to a Borrowing that such Lender will
not make the amount that would constitute its share of such Borrowing available
to the Senior Administrative Agent, the Senior Administrative Agent may assume
that such Lender is making such amount available to the Senior Administrative
Agent, and the Senior Administrative Agent may, in reliance upon such
assumption, make available to the Borrower a corresponding amount.  If such amount is not made available to the Senior
Administrative Agent by the required time on the Borrowing Date therefor, such
Lender shall pay to the Senior Administrative Agent, on demand, such amount
with interest thereon at a rate equal to the greater of (i) the Federal Funds
Effective Rate and (ii) a rate determined by the Senior Administrative Agent in
accordance with banking industry rules on interbank compensation for the period
until such Lender makes such amount immediately available to the Senior
Administrative Agent.  A certificate of
the Senior Administrative Agent submitted to any Lender with respect to any
amounts owing under this paragraph shall be conclusive in the absence of
manifest error.  If such Lender’s share
of such Borrowing is not made available to the Senior Administrative Agent by
such Lender within three Business Days of such Borrowing Date, the Senior
Administrative Agent shall also be entitled to recover such amount with
interest thereon at the rate per annum applicable to Base Rate Loans under the relevant
Facility, on demand, from the Borrower.

(f)        Unless the Senior Administrative Agent shall have been
notified in writing by the Borrower prior to the date of any payment due to be
made by the Borrower hereunder that the Borrower will not make such payment to
the Senior Administrative Agent, the Senior Administrative Agent may assume
that the Borrower is making such payment, and the Senior Administrative Agent
may, but shall not be required to, in reliance upon such assumption, make
available to the Lenders their respective pro
rata shares of a corresponding amount. 
If such payment is not made to the Senior Administrative Agent by the
Borrower within three Business Days after such due date, the Senior
Administrative Agent shall be entitled to recover, on demand, from each Lender
to which any amount which was made available pursuant to the preceding
sentence, such amount with interest thereon at the rate per annum equal to the
daily average Federal Funds Effective Rate. 
Nothing herein shall be deemed to limit the rights of the Senior
Administrative Agent or any Lender against the Borrower.

4.9           Requirements of Law.  (a)  If
the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof or compliance by any Lender with any
request or directive (whether or not having the force of law) from any central
bank or other Governmental Authority made subsequent to the date hereof:

(i)            shall subject any Lender to any tax
of any kind whatsoever with respect to this Agreement, any Letter of Credit,
any Application or any Eurodollar Loan made by it, or change the basis of
taxation of payments to such Lender in respect thereof (except for Non-Excluded
Taxes covered by Section 4.10 and changes in the rate of tax on the overall net
income of such Lender);

 50
 

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

(iii)          shall impose on such Lender any
other condition;

and the result of any of
the foregoing is to increase the cost to such Lender, by an amount that such
Lender deems to be material, of making, converting into, continuing or
maintaining Eurodollar Loans or issuing or participating in Letters of Credit,
or to reduce any amount receivable hereunder in respect thereof, then, in any
such case, the Borrower shall promptly pay such Lender, upon its demand, any
additional amounts necessary to compensate such Lender for such increased cost
or reduced amount receivable.  If any
Lender becomes entitled to claim any additional amounts pursuant to this
paragraph, it shall promptly notify the Borrower (with a copy to the Senior
Administrative Agent) of the event by reason of which it has become so
entitled.

(b)       If any Lender shall have determined that the adoption
of or any change in any Requirement of Law regarding capital adequacy or in the
interpretation or application thereof or compliance by such Lender or any
corporation controlling such Lender with any request or directive regarding
capital adequacy (whether or not having the force of law) from any Governmental
Authority made subsequent to the date hereof shall have the effect of reducing
the rate of return on such Lender’s or such corporation’s capital as a
consequence of its obligations hereunder or under or in respect of any Letter
of Credit to a level below that which such Lender or such corporation could
have achieved but for such adoption, change or compliance (taking into
consideration such Lender’s or such corporation’s policies with respect to
capital adequacy) by an amount deemed by such Lender to be material, then from
time to time, after submission by such Lender to the Borrower (with a copy to
the Senior Administrative Agent) of a written request therefor, the Borrower
shall pay to such Lender such additional amount or amounts as will compensate
such Lender or such corporation for such reduction.

(c)       A certificate as to any additional amounts payable
pursuant to this Section submitted by any Lender to the Borrower (with a copy
to the Senior Administrative Agent) shall be conclusive in the absence of manifest
error.  Notwithstanding anything to the
contrary in this Section, the Borrower shall not be required to compensate a
Lender pursuant to this Section for any amounts incurred more than six months
prior to the date that such Lender notifies the Borrower of such Lender’s
intention to claim compensation therefor; provided that, if the
circumstances giving rise to such claim have a retroactive effect, then such
six-month period shall be extended to include the period of such retroactive
effect.  The obligations of the Borrower
pursuant to this Section shall survive the termination of this Agreement and
the payment of the Loans and all other amounts payable hereunder.

4.10         Taxes.  (a) 
All payments made by the Borrower under this Agreement shall be made free
and clear of, and without deduction or withholding for or on account of, any

 51
 

present or future income,
stamp or other taxes, levies, imposts, duties, charges, fees, deductions or
withholdings, now or hereafter imposed, levied, collected, withheld or assessed
by any Governmental Authority, excluding net income taxes and franchise taxes
(imposed in lieu of net income taxes) imposed on any Agent or any Lender as a
result of a present or former connection between such Agent or such Lender and
the jurisdiction of the Governmental Authority imposing such tax or any
political subdivision or taxing authority thereof or therein (other than any
such connection arising solely from such Agent or such Lender having executed,
delivered or performed its obligations or received a payment under, or
enforced, this Agreement or any other Loan Document).  If any such non-excluded taxes, levies,
imposts, duties, charges, fees, deductions or withholdings (“Non-Excluded Taxes”) or Other Taxes are required to be withheld from
any amounts payable to any Agent or any Lender hereunder, the amounts so
payable to such Agent or such Lender shall be increased to the extent necessary
to yield to such Agent or such Lender (after payment of all Non-Excluded Taxes
and Other Taxes) interest or any such other amounts payable hereunder at the
rates or in the amounts specified in this Agreement, provided, however,
that the Borrower shall not be required to increase any such amounts payable to
any Lender with respect to any Non-Excluded Taxes (i) that are attributable to
such Lender’s failure to comply with the requirements of paragraph (d) or (e)
of this Section or (ii) that are United States withholding taxes imposed on
amounts payable to such Lender at the time such Lender becomes a party to this
Agreement (or, in the case of a Participant, on the date such Participant
becomes a Participant hereunder), except to the extent that such Lender’s
assignor (if any) was entitled, at the time of assignment, to receive
additional amounts from the Borrower with respect to such Non-Excluded Taxes
pursuant to this paragraph.

(b)       In addition, the Borrower shall pay any Other Taxes to
the relevant Governmental Authority in accordance with applicable law.

(c)       Whenever any Non-Excluded Taxes or Other Taxes are payable
by the Borrower, as promptly as possible thereafter the Borrower shall send to
the Senior Administrative Agent for its own account or for the account of the
relevant Agent or Lender, as the case may be, a certified copy of an original
official receipt received by the Borrower showing payment thereof.  If the Borrower fails to pay any Non-Excluded
Taxes or Other Taxes when due to the appropriate taxing authority or fails to
remit to the Senior Administrative Agent the required receipts or other required
documentary evidence, the Borrower shall indemnify the Agents and the Lenders
for any incremental taxes, interest or penalties that may become payable by any
Agent or any Lender as a result of any such failure.

(d)       Each Lender (or Transferee) that is not a “U.S. Person”
as defined in Section 7701(a)(30) of the Code (a “Non U.S. Lender”)
shall deliver to the Borrower and the Senior Administrative Agent (or, (x) in
the case of a Participant, solely to the Lender from which the related
participation shall have been purchased and (y) in the case of an Assignee
under an assignment to an affiliate of a Lender or an Approved Fund of a Lender
that is made pursuant to Section 11.6(b)(iii), the assigning Lender) two
completed originals of either U.S. Internal Revenue Service Form W-8BEN or Form
W-8ECI, or, in the case of a Non U.S. Lender claiming exemption from U.S.
federal withholding tax under Section 871(h) or 881(c) of the Code with

 52
 

respect
to payments of “portfolio interest”, a statement substantially in the form of
Exhibit G and a Form W-8BEN, or any subsequent versions thereof or successors
thereto, properly completed and duly executed by such Non U.S. Lender claiming
complete exemption from, or a reduced rate of, U.S. federal withholding tax on
all payments by the Borrower under this Agreement and the other Loan
Documents.  Such forms shall be delivered
by each Non U.S. Lender on or before the date it becomes a party to this
Agreement (or, in the case of any Participant, on or before the date such
Participant purchases the related participation).  In addition, each Non U.S. Lender shall
deliver such forms promptly upon the obsolescence or invalidity of any form
previously delivered by such Non U.S. Lender. 
Each Non-U.S. Lender shall promptly notify the Borrower at any time it
determines that it is no longer in a position to provide any previously
delivered certificate to the Borrower (or any other form of certification
adopted by the U.S. taxing authorities for such purpose).  Notwithstanding any other provision of this
paragraph, a Non U.S. Lender shall not be required to deliver any form pursuant
to this paragraph that such Non U.S. Lender is not legally able to deliver.

(e)       A Lender that is entitled to an exemption from or
reduction of non-U.S. withholding tax under the law of the jurisdiction in
which the Borrower is located, or any treaty to which such jurisdiction is a
party, with respect to payments under this Agreement shall deliver to the
Borrower (with a copy to the Senior Administrative Agent), at the time or times
prescribed by applicable law or reasonably requested in writing by the
Borrower, such properly completed and executed documentation prescribed by
applicable law as will permit such payments to be made without withholding or
at a reduced rate, provided that such Lender is legally entitled to
complete, execute and deliver such documentation and in such Lender’s judgment
such completion, execution or submission would not materially prejudice the
legal position of such Lender.

(f)            If any Agent or any Lender
determines, in its sole discretion, that it has received a refund of any
Non-Excluded Taxes or Other Taxes as to which it has been indemnified by the
Borrower or with respect to which the Borrower has paid additional amounts
pursuant to this Section 4.10, it shall pay over such refund to the Borrower
(but only to the extent of indemnity payments made, or additional amounts paid,
by the Borrower under this Section 4.10 with respect to the Non-Excluded Taxes
or Other Taxes giving rise to such refund), net of all out-of-pocket expenses
of such Agent or such Lender and without interest (other than any interest paid
by the relevant Governmental Authority with respect to such refund); provided,
that the Borrower, upon the request of such Agent or such Lender, agrees to
repay the amount paid over to the Borrower (plus any penalties, interest or
other charges imposed by the relevant Governmental Authority) to such Agent or
such Lender in the event such Agent or such Lender is required to repay such
refund to such Governmental Authority. 
This paragraph shall not be construed to require any Agent or any Lender
to make available its tax returns (or any other information relating to its
taxes which it deems confidential) to the Borrower or any other Person.

(g)       The agreements in this Section shall survive the
termination of this Agreement and the payment of the Loans and all other
amounts payable hereunder or under any other Loan Document.

 53
 

4.11         Indemnity.  The Borrower agrees to indemnify each Lender
and to hold each Lender harmless from any loss, cost or expense that such
Lender may sustain or incur as a consequence of (a) default by the Borrower in
making a borrowing of, conversion into or continuation of Eurodollar Loans
after the Borrower has given a notice requesting the same in accordance with
the provisions of this Agreement, (b) default by the Borrower in making any
prepayment of or conversion from Eurodollar Loans after the Borrower has given
a notice thereof in accordance with the provisions of this Agreement or (c) the
making of a prepayment of Eurodollar Loans on a day that is not the last day of
an Interest Period with respect thereto. 
Such indemnification may include an amount equal to the excess, if any,
of (i) the amount of interest that would have accrued on the amount so prepaid,
or not so borrowed, converted or continued, for the period from the date of
such prepayment or of such failure to borrow, convert or continue to the last
day of such Interest Period (or, in the case of a failure to borrow, convert or
continue, the Interest Period that would have commenced on the date of such
failure) in each case at the applicable rate of interest for such Loans
provided for herein (excluding, however, the Applicable Margin included
therein, if any) over (ii) the amount of interest (as reasonably determined by
such Lender) that would have accrued to such Lender on such amount by placing
such amount on deposit for a comparable period with leading banks in the
interbank eurodollar market.  A
certificate as to any amounts payable pursuant to this Section submitted to the
Borrower by any Lender shall be conclusive in the absence of manifest
error.  This covenant shall survive the
termination of this Agreement and the payment of the Loans and all other amounts
payable hereunder.

4.12         Change of Lending
Office.  Each Lender agrees that,
upon the occurrence of any event giving rise to the operation of Section 4.9 or
4.10(a) with respect to such Lender, it will, if requested by the Borrower, use
reasonable efforts (subject to overall policy considerations of such Lender) to
designate another lending office for any Loans affected by such event with the
object of avoiding the consequences of such event; provided, that such
designation is made on terms that, in the sole judgment of such Lender, cause
such Lender and its lending office(s) to suffer no economic, legal or
regulatory disadvantage, and provided, further, that nothing in
this Section shall affect or postpone any of the obligations of the Borrower or
the rights of any Lender pursuant to Section 4.9 or 4.10(a).

4.13         Replacement of Lenders.  If (a) any Lender requests compensation under
Section 4.9 or 4.10 (such Lender, an “Affected Lender”),
(b) the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 4.10,
(c) any Lender is a Defaulting Lender or (d) any Lender shall refuse to consent
to an amendment or waiver to or departure from the provisions of, this
Agreement or any other Loan Document which requires the consent of all Lenders
or of all Lenders directly affected thereby and has been consented to by the Required
Lenders, the Borrower shall be permitted to replace any such Lender with a
replacement financial institution; provided that (i) such replacement
does not conflict with any Requirement of Law, (ii) no Event of Default shall
have occurred and be continuing at the time of such replacement except where
the replaced Lender is a Non-Consenting Lender, (iii) the replacement financial
institution shall purchase, at par, all Loans and other amounts owing to such
replaced Lender on or prior to the date of replacement, (iv) the Borrower shall
be liable to such replaced Lender under Section 4.11 if any Eurodollar Loan
owing to such replaced Lender shall be purchased other than on the last day of
the Interest Period relating thereto, (v) the replacement financial
institution, if not already a

 54
 

Lender or an Approved
Fund or Affiliate of a Lender, shall be reasonably satisfactory to the Senior
Administrative Agent, (vi) the replaced Lender shall be obligated to make such
replacement in accordance with the provisions of Section 11.6 (provided
that the Borrower shall be obligated to pay the registration and processing fee
referred to therein), (vii) until such time as such replacement shall be
consummated, the Borrower shall pay all additional amounts (if any) required
pursuant to Section 4.9 or 4.10(a), as the case may be, (viii) any such
replacement shall not be deemed to be a waiver of any rights that the Borrower,
the Senior Administrative Agent or any other Lender shall have against the
replaced Lender, and (ix) in the case of a Non-Consenting Lender, the
replacement financial institution shall consent at the time of such assignment
to each matter in respect of which the replaced Lender was a Non-Consenting
Lender.

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

(b)       The Senior Administrative Agent, on behalf of the
Borrower (or, in the case of an assignment not required to be recorded in the
Register in accordance with the provisions of Section 11.6(b)(v), the assigning
Lender, acting solely for this purpose as a non-fiduciary agent of the
Borrower), shall maintain the Register (or, in the case of an assignment not
required to be recorded in the Register in accordance with the provisions of
Section 11.6(b)(v), a Related Party Register), in each case pursuant to Section
11.6(b), and a subaccount therein for each Lender, in which shall be recorded
(i) the amount of each Loan made hereunder and any Note evidencing such Loan,
the Type of such Loan and each Interest Period applicable thereto, (ii) the
amount of any principal or interest due and payable or to become due and
payable from the Borrower to each Lender hereunder and (iii) both the amount of
any sum received by the Senior Administrative Agent (or, in the case of an
assignment not required to be recorded in the Register in accordance with the
provisions of Section 11.6(b)(v), the assigning Lender) hereunder from the
Borrower and each Lender’s share thereof.

(c)       The entries made in the Register and the accounts of
each Lender maintained pursuant to Section 4.14(a) shall, to the extent
permitted by applicable law, be prima  facie evidence of the
existence and amounts of the obligations of the Borrower therein recorded; provided,
however, that the failure of any Lender or the Senior Administrative
Agent to maintain the Register or any such account, or any error therein, shall
not in any manner affect the obligation of the Borrower to repay (with
applicable interest) the Loans made to the Borrower by such Lender in
accordance with the terms of this Agreement.

(d)           The Borrower agrees that, upon the
request to the Senior Administrative Agent by any Lender, the Borrower will
execute and deliver to such Lender a promissory note of the Borrower evidencing
any Term Loans, Revolving Loans or Swingline Loans, as the case may be, of such
Lender, substantially in the form of Exhibit H-1, H-2 or H-3, respectively,
with appropriate insertions as to date and principal amount.

 55
 

4.15         Illegality.  Notwithstanding any other provision herein,
if the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof shall make it unlawful for any Lender to
make or maintain Eurodollar Loans as contemplated by this Agreement, (a) the
commitment of such Lender hereunder to make Eurodollar Loans, continue
Eurodollar Loans as such and convert Base Rate Loans to Eurodollar Loans shall
forthwith be canceled and (b) such Lender’s Loans then outstanding as
Eurodollar Loans, if any, shall be converted automatically to Base Rate Loans
on the respective last days of the then current Interest Periods with respect
to such Loans or within such earlier period as required by law.  If any such conversion of a Eurodollar Loan
occurs on a day which is not the last day of the then current Interest Period
with respect thereto, the Borrower shall pay to such Lender such amounts, if
any, as may be required pursuant to Section 4.11.

SECTION 5.   REPRESENTATIONS
AND WARRANTIES

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

5.1           Financial Condition.  (a) 
The Pro Forma Financial Statements furnished to each Lender pursuant to
Section 7.1(c) have been or will be prepared giving effect (as if such events
had occurred on such date) to the consummation of the Transaction.  The Pro Forma Financial Statements have been
or will be prepared based on the best information available to the Borrower as
of the date of delivery thereof, and present fairly or will present fairly on a
pro forma basis the estimated financial position of Borrower and its
consolidated Subsidiaries as at and for each of the dates and periods set forth
therein; provided that insofar as this representation relates to the
financial information of Constellation, this representation is made solely to
the Borrower’s knowledge.

(b)       (i) The audited consolidated balance sheets of the
Borrower and its Subsidiaries as at December 31, 2004, December 31, 2005 and
December 31, 2006, and the related consolidated statements of income and of
cash flows for the fiscal years ended on such dates, reported on by and
accompanied by an unqualified report from Ernst & Young LLP, present fairly
in all material respects the consolidated financial condition of the Borrower
and its Subsidiaries as at such date, and the consolidated results of its
operations and its consolidated cash flows for the respective fiscal years then
ended.  (ii) To the Borrower’s knowledge
based only on publicly available information, the audited consolidated balance
sheets of Constellation and its Subsidiaries as at June 30, 2006, and the
related consolidated statements of income and of cash flows for the fiscal
years ended on such date, present fairly the consolidated financial condition
of Constellation and its Subsidiaries as at such date, and the consolidated
results of its operations and its consolidated cash flows for the respective
fiscal years then ended.  (iii) The
unaudited consolidated balance sheet of the Borrower and its Subsidiaries for
each fiscal quarter ended after December 31, 2006 and at least 45 days prior to
the Effective Date, and the related unaudited consolidated statements of income
and cash flows for the period ended on such date, will present fairly in all
material respects the consolidated financial condition of the Borrower

 56
 

and
its Subsidiaries as at such date, and the consolidated results of its
operations and its consolidated cash flows for the period then ended (subject
to normal year end audit adjustments). 
(iv) To the Borrower’s knowledge based on publicly available
information, the unaudited consolidated balance sheet of Constellation and its
Subsidiaries for each fiscal quarter ended after June 30, 2006 and at least 45
days prior to the Effective Date, and the related unaudited consolidated
statements of income and cash flows for the period ended on such date, will present
fairly in all material respects the consolidated financial condition of
Constellation and its Subsidiaries as at such date, and the consolidated
results of its operations and its consolidated cash flows for the period then
ended (subject to normal year end audit adjustments).  All such financial statements, including the
related schedules and notes thereto, have been prepared in accordance with GAAP
or International Financial Reporting Standards, as applicable, applied
consistently throughout the periods involved (except as approved by the
aforementioned firm of accountants and disclosed therein); provided that
insofar as this representation relates to the financial information of Constellation,
this representation is made solely to the Borrower’s knowledge.  No Group Member has any material Guarantee
Obligations, contingent liabilities and liabilities for taxes, or any long term
leases or unusual forward or long term commitments, including any interest rate
or foreign currency swap or exchange transaction or other obligation in respect
of derivatives, that are not reflected in the most recent financial statements
referred to in this paragraph.  During
the period from December 31, 2006 to and including the date hereof there has
been no Disposition by any Group Member of any material part of its business or
property that, if this Agreement had been in effect at such time, would have
been prohibited hereunder.

5.2           No Change.  With respect to any credit event after the
Effective Date, there has been no development or event since December 31, 2006
that has had or would reasonably be expected to have a Material Adverse Effect.

5.3           Corporate Existence;
Compliance with Law.  Each Group
Member (a) is duly organized, validly existing and in good standing (to the
extent applicable) under the laws of the jurisdiction of its organization, (b)
has the power and authority, and the legal right, to own and operate its
property, to lease the property it operates as lessee and to conduct the
business in which it is currently engaged, (c) is duly qualified as a foreign
entity and in good standing under the laws of each jurisdiction where its
ownership, lease or operation of property or the conduct of its business
requires such qualification and (d) is in compliance with the terms of its
Organizational Documents and all Requirements of Law except to the extent that
the failure to comply with clause (b) or (d) of this Section 5.3 would not, in
the aggregate, reasonably be expected to have a Material Adverse Effect.

5.4           Power;
Authorization; Enforceable Obligations. 
Each Loan Party has the power and authority, and the legal right, to
make, deliver and perform the Loan Documents to which it is a party and, in the
case of the Borrower, to obtain extensions of credit hereunder.  Each Loan Party has taken all necessary
organizational and other action to authorize the execution, delivery and
performance of the Loan Documents to which it is a party and, in the case of
the Borrower, to authorize the extensions of credit on the terms and conditions
of this Agreement.  No consent or
authorization of, filing with, notice to or other act by or in respect of, any
relevant Governmental Authority or any other relevant Person is required in
connection with the Transaction and the extensions of credit hereunder or with
the execution, delivery,

 57
 

performance, validity or
enforceability of this Agreement or any of the Loan Documents, except (i)
consents, authorizations, filings and notices described in Schedule 5.4 of the
Disclosure Letter, which consents, authorizations, filings and notices shall
have been obtained or made and shall be in full force and effect on or before
the Funding Date and all applicable waiting periods shall have expired on or
before the Funding Date without any action being taken by any Governmental
Authority which would restrain, prevent or otherwise impose adverse conditions
on the Transaction, which conditions would reasonably be expected to have a
Material Adverse Effect and (ii) the filings referred to in Section 5.19.  This Agreement has been duly executed and
delivered on behalf of each Loan Party party thereto and each other Loan
Document shall have been duly executed and delivered on behalf of each Loan
Party party thereto on or before the Effective Date or the Funding Date, as
applicable.  This Agreement constitutes,
and each other Loan Document upon execution will constitute, a legal, valid and
binding obligation of each Loan Party party thereto, enforceable against each
such Loan Party in accordance with its terms, except as enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally and by
general equitable principles (whether enforcement is sought by proceedings in
equity or at law) and except to the extent qualified by any reservations or
qualifications given in connection with the Loan Documents.

5.5           No Legal Bar.  The execution, delivery and performance of
this Agreement and the other Loan Documents, the issuance of Letters of Credit,
the borrowings hereunder and the use of the proceeds thereof will not violate
its Organizational Document, any Requirement of Law, Governmental Authorization
or any Contractual Obligation of any Group Member and will not result in, or
require, the creation or imposition of any Lien on any of their respective
properties or revenues pursuant to its Organizational Documents, any
Requirement of Law or any such Contractual Obligation (other than the Liens
created by the Security Documents).  No
Requirement of Law or Contractual Obligation applicable to the Borrower or any
of its Subsidiaries would reasonably be expected to have a Material Adverse
Effect.

5.6           Litigation.  Except as set forth on Schedule 5.6 of the
Disclosure Letter, no litigation, investigation or proceeding of or before any
arbitrator or Governmental Authority is pending or, to the knowledge of a
Responsible Officer of the Borrower, threatened by or against any Group Member
or against any of their respective properties or revenues (a) that purports to
effect the execution, delivery or performance of the Transaction or any of the
Loan Documents, or (b) that would reasonably be expected to have a Material
Adverse Effect.

5.7           No Default.  No Group Member is in default under or with
respect to any of its Contractual Obligations in any respect that would
reasonably be expected to have a Material Adverse Effect.  No Default or Event of Default has occurred
and is continuing.

5.8           Ownership of
Property; Liens.  Each Group Member
has title in fee simple to, or a valid leasehold interest in, all its real
property, and good title to, or a valid leasehold interest in, all its other
property except as would not reasonably be likely to have a Material Adverse
Effect, and none of such property is subject to any Lien except as permitted by
Section 8.3.  As of the Effective Date
and the Funding Date, no Group Member owns any real property.

 58
 

5.9           Intellectual
Property.  Each Group Member owns, or
is licensed to use, all Intellectual Property reasonably necessary for the
conduct of its business as currently conducted. 
Except for such claims and infringements that would not reasonably be
expected to have a Material Adverse Effect, (a) no claim has, to the knowledge
of a Responsible Officer of the Borrower, been asserted and is pending by any
Person naming a Group Member challenging or questioning the use of any
Intellectual Property or the validity or effectiveness of any Intellectual
Property, nor does a Responsible Officer of the Borrower know of any valid
basis for any such claim and (b) no Responsible Officer of the Borrower knows
that the use of Intellectual Property by any Group Member infringes on the
rights of any Person in any material respect.

5.10         Taxes.  Each Group Member has filed or caused to be
filed all Federal, state and other material tax returns that are required to be
filed and has paid all taxes shown to be due and payable on said returns or on
any assessments made against it or any of its property and all other taxes,
fees or other charges imposed on it or any of its property by any Governmental
Authority (other than any the amount or validity of which are currently being
contested in good faith by appropriate proceedings and with respect to which
reserves in conformity with GAAP have been provided on the books of the
Borrower or its Subsidiaries, as the case may be); no tax Lien has been filed,
and, to the knowledge of a Responsible Officer of the Borrower, no claim is
being asserted, with respect to any such tax, fee or other charge which would
reasonably be expected to have a Material Adverse Effect.

5.11         Federal Regulations.  No part of the proceeds of any Loans, and no
other extensions of credit hereunder, will be used for “buying” or “carrying”
any “margin stock” within the respective meanings of each of the quoted terms
under Regulation U as now and from time to time hereafter in effect or for any
purpose that violates the provisions of the Regulations of the Board.  If requested by any Lender or the Senior
Administrative Agent, the Borrower will furnish to the Senior Administrative
Agent and each Lender a statement to the foregoing effect in conformity with
the requirements of FR Form G-3 or FR Form U 1, as applicable, referred to in
Regulation U.

5.12         Labor Matters.  As of the Effective Date, except as, in the
aggregate, would not reasonably be expected to have a Material Adverse
Effect:  (a) there are no strikes or
other labor disputes against any Group Member pending or, to the knowledge of
the Borrower, threatened; (b) hours worked by and payment made to employees of
each Group Member have not been in violation of the Fair Labor Standards Act or
any other applicable Requirement of Law dealing with such matters; and (c) all
payments due from any Group Member on account of employee health and welfare
insurance have been paid or accrued as a liability on the books of the relevant
Group Member.

5.13         ERISA.  Neither a Reportable Event nor an “accumulated
funding deficiency” (within the meaning of Section 412 of the Code or Section
302 of ERISA) has occurred during the five year period prior to the date on
which this representation is made or deemed made with respect to any Plan.  Each Plan has complied in all respects with
the applicable provisions of ERISA and the Code except where the same would not
reasonably be expected to have a Material Adverse Effect.  No termination of a Single Employer Plan has
occurred, and no Lien in favor of the PBGC or a Plan has arisen, during such
five-year period.  The present value of
all accrued benefits under each Single Employer Plan (based on those

 59
 

assumptions used to fund such Plans) did not, as of
the last annual valuation date prior to the date on which this representation
is made or deemed made, exceed the value of the assets of such Plan allocable
to such accrued benefits by a material amount. 
Neither the Borrower nor any Commonly Controlled Entity has had a
complete or partial withdrawal from any Multiemployer Plan that has resulted or
could reasonably be expected to result in a material liability under ERISA, and
neither the Borrower nor any Commonly Controlled Entity would become subject to
any material liability under ERISA if the Borrower or any such Commonly
Controlled Entity were to withdraw completely from all Multiemployer Plans as
of the valuation date most closely preceding the date on which this
representation is made or deemed made. 
No such Multiemployer Plan is in Reorganization or Insolvent.

5.14         Investment Company
Act; Other Regulations.  No Loan
Party is an “investment company”, or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as
amended.  No Loan Party is subject to
regulation under any Requirement of Law (other than Regulation X of the Board)
that limits its ability to incur Indebtedness.

5.15         Subsidiaries.  Except as disclosed to the Senior
Administrative Agent by the Borrower in writing from time to time after the
Effective Date, (a) Schedule 5.15 of the Disclosure Letter sets forth the name
and jurisdiction of incorporation of each Subsidiary and, as to each such
Subsidiary, the percentage of each class of Capital Stock owned by any Loan
Party and (b) there are no outstanding subscriptions, options, warrants, calls,
rights or other agreements or commitments (other than stock options granted to
employees or directors and directors’ qualifying shares) of any nature relating
to any Capital Stock of any Subsidiary, except as created by the Loan Documents.

5.16         Use of Proceeds.  The proceeds of the Term Loans shall be used
by Borrower or its Subsidiaries to finance a portion of the Transaction.  The proceeds of the Revolving Loans may be
used to finance a portion of the Transaction and may also be used by Borrower
and its Subsidiaries for general corporate purposes.  

5.17         Environmental Matters.  Except as, in the aggregate, would not
reasonably be expected to have a Material Adverse Effect:

(A)          the facilities and properties owned,
leased or operated by any Group Member (during the period so owned, leased or
operated, the “Properties”) do not contain, and to the knowledge of a
Responsible Officer of the Borrower, have not previously contained, any
Materials of Environmental Concern in amounts or concentrations or under
circumstances that constitute or constituted a violation of, or would be
reasonably likely to give rise to liability under, any Environmental Law;

(B)           no Responsible Officer
of any Group Member has received or is aware of any notice of violation,
alleged violation, non-compliance, liability or potential liability regarding
environmental matters or compliance with Environmental Laws with regard to any
of the

 60

Properties or the
business operated by any Group Member (during the period so operated, the "Business"), nor does any such Responsible Officer have
knowledge that any such notice will be received or is being threatened;

(C)           Materials of
Environmental Concern have not been transported or disposed of from the
Properties in violation of, or in a manner or to a location that could give
rise to liability under, any Environmental Law, nor have any Materials of
Environmental Concern been generated, treated, stored or disposed of at, on or
under any of the Properties in violation of, or in a manner that could give
rise to liability under, any applicable Environmental Law;

(D)          no judicial proceeding
or governmental or administrative action is pending or, to the knowledge of a
Responsible Officer of the Borrower, threatened, under any Environmental Law to
which any Group Member is or will be named as a party with respect to the
Properties or the Business, nor are there any consent decrees or other decrees,
consent orders, administrative orders or other orders, or other administrative
or judicial requirements outstanding under any Environmental Law with respect
to the Properties or the Business;

(E)           there has been no
release or threat of release of Materials of Environmental Concern at or from
the Properties, or arising from or related to the operations of any Group
Member in connection with the Properties or otherwise in connection with the
Business, in violation of or in amounts or in a manner that could give rise to liability
under Environmental Laws; 

(F)           the Properties and all
operations at the Properties are in compliance, and have in the last five years
been in compliance, with all applicable Environmental Laws, and there is no
contamination at, under or about the Properties or violation of any
Environmental Law with respect to the Properties or the Business; and

(G)           no Group Member has
entered into any agreement pursuant to which it has expressly assumed any
liability of any other Person under Environmental Laws.

5.18         Accuracy of
Information, etc.   The
statements and information contained in this Agreement, the Disclosure Letter,
the other Loan Documents, the Confidential Information Memorandum and any other
document, certificate or statement furnished by or on behalf of any Loan Party
in respect of the Borrower and its Subsidiaries to the Senior

 61
 

Administrative Agent or
the Lenders, or any of them, for use in connection with the transactions
contemplated by this Agreement or the other Loan Documents, when taken as a
whole, contained as of the date such statement, information, document or
certificate was so furnished (or, in the case of the Confidential Information
Memorandum, as of the Funding Date), no untrue statement of a material fact or
omitted to state a material fact necessary to make the statements contained
herein or therein not misleading, provided, however, that with respect to the
projections and pro forma financial information contained in the materials
referenced above the Borrower represents only that the same were prepared in
good faith and are based upon estimates and assumptions believed by management
of the Borrower to be reasonable at the time made, it being recognized by the
Lenders that such financial information as it relates to future events is subject
to inherent uncertainties and contingencies, is not to be viewed as fact and
that actual results during the period or periods covered by such financial
information may differ from the projected results set forth therein by a
material amount.  The Scheme Press
Release (or the Offer Press Release if an Offer Conversion has occurred)
contains (or will contain) all the material terms of the Scheme or the Offer ,
as applicable.  

5.19         Security Documents.  (a) 
The Guarantee and Collateral Agreement and each Foreign Pledge Agreement
is effective to create in favor of the Senior Collateral Agent, for the benefit
of the Secured Parties, a legal, valid and enforceable security interest in the
Collateral described therein and proceeds thereof.  Each Blocked Account Control Agreement is
effective to create in favor of the Interim Administrative Agent, for the
benefit of the "secured parties" as defined in the Interim Credit
Agreement, a legal, valid and enforceable security interest in the Collateral
described therein and the proceeds thereof. 
In the case of the Pledged Stock described in the Guarantee and
Collateral Agreement and each Foreign Pledge Agreement, when stock certificates
representing such Pledged Stock are delivered to the Senior Collateral Agent or
such other actions specified in each Foreign Pledge Agreement in respect of
Borrower’s UK and Irish first-tier Subsidiaries are taken, and in the case of
the other Collateral described in the Guarantee and Collateral Agreement (other
than deposit accounts) when financing statements and other filings specified on
Schedule 5.19(a) of the Disclosure Letter in appropriate form are filed in the
offices specified on Schedule 5.19(a) of the Disclosure Letter, the Guarantee
and Collateral Agreement and each such Foreign Pledge Agreement shall
constitute a fully perfected Lien on, and security interest in, all right,
title and interest of the Loan Parties in such Collateral and the proceeds
thereof, as security for the Senior Obligations, in each case prior and superior
in right to any other Person (except, (x) in the case of the Blocked Accounts,
Liens in favor of the Interim Administrative Agent and (y) in the case of
Collateral other than Pledged Stock and the Blocked Accounts, Liens permitted
by Section 8.3).  In the case of
Collateral described in the Blocked Account Control Agreements, when each
Blocked Account Control Agreement is executed and delivered by all parties
thereto, the Interim Administrative Agent, for the benefit of the "secured
parties" as defined in the Interim Credit Agreement, shall have a fully
perfected Lien on, and security interest in, all right, title and interest of
the Borrower in such Collateral and the proceeds thereof, as security for the
Interim Obligations (as defined in the Interim Credit Agreement), prior and
superior in right to any other Person except as provided under the applicable
Blocked Account Control Agreement with respect to the securities intermediary a
party thereto.  In the case of Collateral
that consists of deposit accounts, when a Control Agreement is executed and
delivered by all parties thereto with respect to such accounts, the Senior
Collateral Agent, for the benefit of the Secured Parties, shall have a fully
perfected Lien on, and security interest in, all right, title and interest of
the Loan Parties in such Collateral and the proceeds, prior and superior

 62
 

in right to any other
Person except as provided under the applicable Control Agreement with respect
to the securities intermediary a party thereto. 

(b)       Each
of the Mortgages (if any) is effective to create in favor of the Senior
Collateral Agent, for the benefit of the Secured Parties, a legal, valid and
enforceable Lien on the real properties described therein and proceeds thereof,
and when the Mortgages are filed in the offices specified therein, each such
Mortgage shall constitute a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in the real properties
described therein and the proceeds thereof, as security for the Obligations (as
defined in the relevant Mortgage), in each case prior and superior in right to
any other Person (except Liens permitted by Section 8.3).

5.20         Solvency.  Immediately after the Transactions to occur
on the Funding Date, each Loan Party is, and after giving effect to the
Acquisition and the incurrence of all Indebtedness and obligations being
incurred in connection herewith and therewith will be and will continue to be,
Solvent.

5.21         Indebtedness.  Immediately after the consummation of the
Transactions to occur on the Funding Date, neither Constellation nor any of its
Subsidiaries has (or will have) any Indebtedness outstanding other than
Indebtedness permitted by the final paragraph of Section 8.2. 

5.22         Anti-Terrorism Laws.  (a)  No
Loan Party is in violation of any Anti-Terrorism Law or engages in or conspires
to engage in any transaction that evades or avoids, or has the purpose of
evading or avoiding, or attempts to violate, any of the prohibitions set forth
in any Anti-Terrorism Law.

(b)       None
of the Loan Parties or their agents acting or benefiting in any capacity in
connection with the Loans, Letter of Credit or other transactions hereunder, is
any of the following (each a "Blocked Person"):

(i)            a person that is
listed in the annex to, or is otherwise subject to the provisions of, Executive
Order No. 13224;

(ii)           a person owned or
controlled by, or acting for or on behalf of, any person that is listed in the
annex to, or is otherwise subject to the provisions of, Executive Order No.
13224;

(iii)          a person with which any
Lender is prohibited from dealing or otherwise engaging in any transaction by
any Anti-Terrorism Law; 

 63
 

(iv)          a person that commits,
threatens or conspires to commit or supports "terrorism" as defined
in Executive Order No. 13224;

(v)           a person that is named
as a "specially designated national" on the most current list
published by the United States Treasury Department's Office of Foreign Asset
Control at its official website or any replacement website or other replacement
official publication of such list; or

(vi)          a person who is
affiliated or associated with a person listed above.

(c)       No
Loan Party, or to the knowledge of any Loan Party, any of its agents acting in
any capacity in connection with the Loans, Letter of Credit or other
transactions hereunder (i) conducts any business or engages in making or
receiving any contribution of funds, goods or services to or for the benefit of
any Blocked Person or (ii) deals in, or otherwise engages in any transaction
relating to, any property or interests in property blocked pursuant to
Executive Order No. 13224.

SECTION 6.    CONDITIONS
PRECEDENT

6.1           Effective Date.  The obligations of the Loan Parties and the
rights of the Lenders, the Issuing Bank and the Senior Administrative Agent
under this Agreement and the Loan Documents shall not become effective until
the date on which each of the following conditions is satisfied (or waived in
accordance with the terms of this Agreement), which conditions shall be deemed
to have been unconditionally satisfied or waived by the execution by all
parties of this Agreement on the date hereof:

(a)       The
Senior Administrative Agent (or its counsel) shall have (i) received from each
party hereto either (x) a counterpart of this Agreement signed on behalf of
such party or (y) written evidence satisfactory to the Senior Administrative
Agent (which may include telecopy transmission of a signed signature page of
this Agreement) that such party has signed a counterpart of this Agreement and
(ii) the Disclosure Letter.

(b)       The
Senior Administrative Agent shall have received a favorable written opinion
(addressed to the Senior Administrative Agent and the Lenders and dated the
Effective Date) of Cooley Godward Kronish LLP, counsel for the Borrower and
Port Authority Technologies, Inc. (other than the opinions relating to the
security interests, which opinions shall be in the form agreed between the
parties prior to the execution of this Agreement and delivered on and dated as
of the Funding Date), in form and substance reasonably satisfactory to the
Senior Administrative Agent, and, in the case of each such opinion required by
this paragraph, covering such other matters relating to the Loan Parties, the
Loan Documents or the Transactions as the Senior Administrative Agent shall
reasonably request (other than matters relating to the security

 64
 

interests,
which opinions shall be in the form agreed between the parties prior to the
execution of this Agreement and delivered on and dated as of the Funding
Date).  The Borrower hereby requests such
counsel to deliver such opinions.

(c)       The
Senior Administrative Agent shall have received such documents and certificates
relating to the organization, existence and good standing (or its equivalent,
if any) of each Loan Party, the authorization of the Transactions (to which it
is a party) and any other legal matters relating to the Loan Parties, the Loan
Documents or the Transactions (to which it is a party), in the form reasonably
required by or acceptable to the Senior Administrative Agent.

(d)       The
Senior Administrative Agent shall have received (i) the Fee Letter executed by
the Borrower and (ii) all fees and other amounts due and payable under the Loan
Documents on or prior to the Effective Date, to the extent invoiced prior to
the Effective Date, including all out-of-pocket expenses (including fees,
charges and disbursements of counsel) required to be reimbursed or paid by any
Loan Party under any Loan Document.

(e)       The
Borrower, the Senior Collateral Agent and the Senior Administrative Agent shall
have agreed on the form of documents required to satisfy the Collateral and
Guarantee Requirement and the Senior Administrative Agent shall have received a
completed Perfection Certificate dated the Effective Date and signed by a
Responsible Officer or legal officer of the Borrower, together with all
attachments contemplated thereby, including the results of a search of the
Uniform Commercial Code (or equivalent) filings made with respect to the Loan
Parties in the jurisdictions contemplated by the Perfection Certificate and
copies of the financing statements (or similar documents) disclosed by such
search and evidence reasonably satisfactory to the Senior Administrative Agent
and the Senior Collateral Agent that the Liens indicated by such financing
statements (or similar documents) are permitted by Section 8.3 or have been or
will contemporaneously with the initial funding of Term Loans on the Funding
Date be released.  The Senior Administrative
Agent shall have received certified copies of UCC, United States Patent and
Trademark Office and United States Copyright Office, tax and judgment lien
searches or equivalent reports or searches, each of a recent date listing all
effective financing statements, lien notices or comparable documents that name
any Loan Party as debtor and that are filed in those state and county
jurisdictions in which any property of any Loan Party is located and the state
and county jurisdictions in which any Loan Party is organized or maintains its
principal place of business, none of which encumber the Collateral covered or
intended to be covered by the Security Documents (other than Liens permitted
under Section 8.3 or as otherwise acceptable to the Senior Administrative
Agent).

(f)        The
Lenders shall have received the financial statements referred to in Section
5.1(b) (other than any such financial statements of Constellation and its
Subsidiaries).

(g)       The
Lenders shall have received a business plan of the Borrower and its
Subsidiaries for the fiscal years 2007 through 2014 (including quarterly
projections for the

 65
 

first four
fiscal quarters ending after the Effective Date), with respect to the Group
Members together with a certificate of a Responsible Officer of the Borrower
certifying that such business plan is based on reasonable estimates,
information and assumptions and that such Responsible Officer has no reason to
believe that such business plan is incorrect or misleading in any material
respect (it being understood that such business plan is subject to significant
uncertainties and there can be no assurance the results therein will be
achieved).

(h)       The
Senior Administrative Agent shall have received all documentation and other
information required by bank regulatory authorities under applicable "know
your customer" and anti-money laundering rules and regulations, including
the Patriot Act, as reasonably requested by the Senior Administrative Agent.

(i)        The
Borrower shall have entered into an option to purchase a designated number of
Sterling, reasonably acceptable to Morgan Stanley & Co. Incorporated (or
its Affiliates) in its capacity as financial advisor to the Borrower in
connection with the Acquisition, during the Certain Funds Period, which option
shall have terms and conditions reasonably satisfactory to Morgan Stanley &
Co. Incorporated (or its Affiliates) in its capacity as financial advisor to
the Borrower in connection with the Acquisition.

(j)        The
Borrower and its Subsidiaries shall have at least $217,000,000 of cash and Cash
Equivalents (which Cash Equivalents shall be as described in the information
previously delivered to the Senior Administrative Agent) and shall have
delivered satisfactory evidence to the Senior Administrative Agent confirming
such amount.

(k)       The
Senior Administrative Agent shall have received a certified copy of the latest
draft of the Acquisition Agreement, in form and substance satisfactory to the
Senior Administrative Agent.  

6.2           Conditions to the
Funding Date.  The obligations
of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit
hereunder shall not become effective unless, on or prior to the date of the
Funding Date, each of the following conditions is satisfied (or waived in
accordance with the terms of this Agreement) which conditions shall be deemed
to have been unconditionally satisfied or waived on the first funding of a Loan
hereunder:

(a)       If
an Offer Conversion has not occurred, the Senior Administrative Agent shall
have received certified copies of the Scheme Press Release, the Scheme Circular,
the Court Order, the prints of the resolutions passed at each of the Court
Meetings and the extraordinary general meeting, the certificate of the
Registrar of Companies confirming registration of the Court Order, the executed
Acquisition Agreement and, if a receiving agent has been appointed, an
instruction letter from the Borrower to the receiving agent to hold the shares
acquired by the Borrower or its nominees pursuant to the Scheme to the order of
the Senior Collateral Agent.  

 66
 

(b)       If
an Offer Conversion has occurred, the Senior Administrative Agent shall have
received a copy of the announcement that the Offer has become or been declared
unconditional in all respects, including confirmation that acceptances have
been received pursuant to the Offer in respect of the Capital Stock of
Constellation which, when aggregated with (i) any Capital Stock of
Constellation owned by the Borrower and its Subsidiaries and (ii) any other
Capital Stock of Constellation which are otherwise capable of being counted
towards fulfilling the acceptance condition in accordance with Note 5 on Rule
10 of the City Code, represent more than 75% of the Capital Stock of
Constellation.

(c)       The
Borrower shall have entered into the Interim Credit Agreement, which shall have
become unconditional in accordance with its terms, subject only to this
Facility becoming unconditional in all respects, without any waiver or
modification thereof (other than any waiver or modification which is not
material and adverse to the interests of the Lenders).

(d)       The
Senior Administrative Agent and the Syndication Agent, as applicable, shall
have received all fees and other amounts due and payable under the Loan
Documents on or prior to the Funding Date, to the extent invoiced prior to the
Funding Date, including all out-of-pocket expenses (including fees, charges and
disbursements of counsel) required to be reimbursed or paid by any Loan Party
under any Loan Document or evidence satisfactory to the Senior Administrative
Agent and the Syndication Agent, as applicable (acting reasonably), that any
such fees and other amounts will be paid out of the proceeds of the Borrowing
on the Funding Date.

(e)       The
Senior Administrative Agent shall have received a favorable written opinion
(addressed to the Senior Administrative Agent and the Lenders and dated the
Funding Date) of each of (i) Cooley Godward Kronish LLP, counsel for the
Borrower and its Subsidiaries, (ii) Herbert Smith LLP, local UK counsel to
Borrower and UK AcquiSub Holdings as to the pledge of its Capital Stock, and
(iii) Arthur Cox, local Irish counsel to Borrower and Websense International
Limited as to the pledge of its Capital Stock, each in form and substance
reasonably satisfactory to the Senior Administrative Agent, and, in the case of
each such opinion required by this paragraph, covering such other matters
relating to the Loan Parties, the Loan Documents or the Transactions as the
Senior Administrative Agent shall reasonably request. The Borrower hereby
requests such counsel to deliver such opinions.

(f)        The
Borrower, the Senior Collateral Agent and the Senior Administrative Agent shall
have, as applicable, entered into and/or delivered the documents required to
satisfy the Collateral and Guarantee Requirement (as agreed pursuant to Section
6.1(e) above) and all filing or recordings necessary in connection with the
liens granted thereby shall have been made.

(g)       The
Senior Administrative Agent shall be satisfied that all amounts in the Escrow
Accounts shall have been applied (or will, on the same date as the proceeds of
the

 67
 

Term Loans
are applied hereunder, be) to satisfy the terms of the Offer or Scheme and to
fund the Acquisition.

(h)       The
Senior Administrative Agent shall have received evidence that the insurance
required by Section 5.3(b) of the Guarantee and Collateral Agreement is in
effect.

(i)        The
Lenders shall have received the Pro Forma Financial Statements referred to in
Section 5.1(a).

6.3           Each Credit Event.  Subject to Section 6.4, the obligation of the
Lenders to make Loans on the occasion of any Borrowing and of the Issuing Bank
to issue, amend, renew or extend any Letter of Credit is subject to receipt of
the request therefor in accordance herewith and to the satisfaction of the
following conditions:

(a)       The
representations and warranties of each Loan Party set forth in the Loan
Documents (other than, on the Effective Date, the representation and warranty
set forth in Section 5.2)) shall be true and correct in all material respects
on and as of the date of such Borrowing or the date of issuance, amendment,
renewal or extension of such Letter of Credit, as the case may be (except to
the extent that any representation and warranty expressly relates to an earlier
date, in which case such representation and warranty shall have been true and
correct in all material respects as of such earlier date and except that after
the Effective Date the representation and warranty set forth in Section 5.2
shall be deemed to refer to the date of the most recent financial statements
presented pursuant to Section 7.1(a)).

(b)           At the time of and
immediately after giving effect to such Borrowing or the issuance, amendment,
renewal or extension of such Letter of Credit, as the case may be, no Default
shall have occurred and be continuing.

Each Borrowing (provided
that a conversion or a continuation of a Borrowing shall not constitute a
"Borrowing" for purposes of this Section), other than a Certain Funds
Loan, and each issuance, amendment, renewal or extension of a Letter of Credit,
shall be deemed to constitute a representation and warranty by the Borrower on
the date thereof as to the matters specified in this Section.

6.4           Certain Funds.

(a)           Notwithstanding
anything to the contrary in this Section 6 or any other provision in a Loan
Document during the Certain Funds Period, the obligation of each Lender to make
a Loan on the occasion of any Borrowing which is a Certain Funds Loan is
subject only to the satisfaction or waiver of the conditions set forth in
Sections 6.1 and 6.2 and receipt of the request therefor in accordance herewith
and to the satisfaction or waiver of the

 68
 

following conditions (and
for the avoidance of doubt Section 6.3 shall not apply to a Certain Funds
Loan):

(i)            no Major Event of
Default is outstanding or would result from the making of any such Borrowing;

(ii)           it is not unlawful for
the Borrower to exercise any of its Borrowing rights or a Lender to perform any
of its lending obligations under this Agreement, in each case in respect of
such Certain Funds Loan; provided that, if it is unlawful for a Lender
to perform its lending obligations in respect of such Certain Funds Loans, this
in itself will not preclude each other Lender from performing its lending
obligations in respect of such Certain Funds Loans; and

(iii)          the Borrower shall not have
cancelled or rescinded this Agreement.

(b)       Unless
any of the conditions set out in Sections 6.4(a)(i) to (iii) (inclusive) is not
satisfied or waived at the relevant time, during the Certain Funds Period none
of the Lenders or the Agents shall be entitled to:

(i)            cancel any of its
Commitments to the extent that to do so would prevent or limit the making of a
Certain Funds Loan under and as defined in this Agreement;

(ii)           rescind, terminate or
cancel this Agreement or exercise any similar right or remedy or make or
enforce any claim under the Loan Documents it may have to the extent that to do
so would prevent or limit the making of a Certain Funds Loan or the utilization
thereof for a Permitted Purpose under and as defined in this Agreement;

(iii)          refuse to participate in
the making of a Certain Funds Loan or the utilization thereof for a Permitted
Purpose under and as defined in this Agreement;

(iv)          exercise any right of
setoff or counterclaim to the extent that so doing would prevent or limit the
making of a Certain Funds Loan or the utilization thereof for a Permitted
Purpose under and as defined in this Agreement; or

 69
 

(v)           cancel, accelerate or
cause repayment or prepayment of any amounts owing hereunder or under any other
Loan Document to the extent that so doing would prevent or limit the making of
a Certain Funds Loan or the utilization thereof for a Permitted Purpose under
and as defined in this Agreement.

Nothing in this Section
6.4 will affect the rights of any of the Lenders, the Senior Administrative
Agent or the Senior Collateral Agent in respect of any Event of Default not
cured or waived at the expiry of the Certain Funds Period, irrespective of
whether any Event of Default occurred during the Certain Funds Period or not.

SECTION 7.    AFFIRMATIVE
COVENANTS

The Borrower hereby agrees that, so long as the
Commitments remain in effect, any Letter of Credit remains outstanding or any
Loan or other amount is owing to any Lender or Agent hereunder, the Borrower
shall and shall cause each of its Subsidiaries to:

7.1           Financial Statements.  Furnish to the Senior Administrative Agent
and each Lender:

(a)       as
soon as available, but in any event on the earlier of the date 90 days (or,
solely with respect to the fiscal year in which the Acquisition occurred, 120
days) after the end of each fiscal year of the Borrower and the date that such
information is filed with the SEC, a copy of the audited consolidated balance
sheet of the Borrower and its consolidated Subsidiaries as at the end of such
year and the related audited consolidated statements of income and of cash
flows for such year, setting forth in each case in comparative form the figures
for the previous year, reported on without a "going concern" or like
qualification or exception, or qualification arising out of the scope of the
audit, by Ernst & Young LLP or other independent certified public
accountants of nationally recognized standing;

(b)       as
soon as available, but in any event on the earlier of the date that is 45 days
after the end of each of the first three quarterly periods of each fiscal year
of the Borrower and the date that such information is filed with the SEC, the
unaudited consolidated balance sheet of the Borrower and its consolidated
Subsidiaries as at the end of such quarter and the related unaudited
consolidated statements of income and of cash flows for such quarter and the
portion of the fiscal year through the end of such quarter, setting forth in
each case in comparative form the figures for the previous year, certified by a
Responsible Officer as being fairly stated in all material respects (subject to
normal year end audit adjustments and the absence of footnotes); and

(c)       as
soon as available, but in any event not later than the date that is 30 days
prior to the Funding Date, the unaudited pro forma consolidated balance sheet
of the Borrower and its consolidated Subsidiaries as at the end of the last
fiscal quarter for which

 70
 

financial
statements have been delivered pursuant to Section 7.1(b) (including the notes
thereto) and the unaudited pro forma consolidated income statements for the
twelve-month period ending as at the end of such fiscal quarter (such financial
statements, the "Pro Forma Financial Statements").

All such financial
statements shall be complete and correct in all material respects and shall be
prepared in reasonable detail and in accordance with GAAP applied consistently
throughout the periods reflected therein and with prior periods (except as
approved by such accountants or officer, as the case may be, and disclosed
therein); provided that the financial information of Constellation and
its Subsidiaries included in the Pro Forma Financial Statements shall not be
prepared in accordance with GAAP but shall be prepared with good faith
adjustments applied consistently throughout the period reflected therein.

7.2           Certificates; Other
Information.  Furnish to the
Senior Administrative Agent and each Lender (or, in the case of clause (i), to
the relevant Lender):

(a)       concurrently
with the delivery of the financial statements referred to in Section 7.1(a), a
certificate of the independent certified public accountants reporting on such
financial statements stating that in making the examination necessary therefor
no knowledge was obtained of any Default or Event of Default, except as
specified in such certificate, it being understood that such certificate shall
be limited to the items that independent certified accountants are permitted to
cover in such certificates pursuant to their professional standards and customs
of the profession;

(b)       concurrently
with the delivery of any financial statements pursuant to Section 7.1 (or, in
the case of (ii)(y) below, concurrently with the delivery of any financial
statements pursuant to 7.1(a)), (i) a certificate of a Responsible Officer stating
that, to the best of each such Responsible Officer's knowledge, each Loan Party
during such period has observed or performed all of its covenants and other
agreements, and satisfied every condition, contained in this Agreement and the
other Loan Documents to which it is a party to be observed, performed or
satisfied by it, and that such Responsible Officer has obtained no knowledge of
any Default or Event of Default except as specified in such certificate and
(ii) in the case of quarterly or annual financial statements, (x) a Compliance
Certificate containing all information and calculations necessary for
determining compliance by each Group Member with the provisions of Section 8.1
as of the last day of the fiscal quarter or fiscal year of the Borrower, as the
case may be, and, if applicable, for determining the Applicable Margins, and
(y) to the extent not previously disclosed to the Senior Administrative Agent,
a listing of any Intellectual Property acquired by any Loan Party since the
date of the most recent list delivered pursuant to this clause (y) (or, in the
case of the first such list so delivered, since the Effective Date);

(c)       as
soon as available, and in any event no later than 45 days after the end of each
fiscal year of the Borrower, a consolidated budget for the following fiscal
year (including a projected consolidated balance sheet of the Borrower and its
Subsidiaries as of the end of the following fiscal year, the related
consolidated statements of projected cash flow,

 71
 

projected
changes in financial position and projected income and a description of the
underlying assumptions applicable thereto for such fiscal year), and, promptly
after such have been presented to the Board of Directors of the Borrower,
significant revisions, if any, of such budget and projections with respect to
such fiscal year (collectively, the "Projections"),
which Projections shall in each case be accompanied by a certificate of a
Responsible Officer stating that such Projections are based on reasonable
estimates, information and assumptions (it being understood Projections are
subject to significant uncertainties and there can be no assurance the results
therein will be achieved);

(d)       if
the Borrower is not then a reporting company under the Securities Exchange Act
of 1934, as amended, within 45 days after the end of each fiscal quarter of the
Borrower (or 90 days, in the case of the last fiscal quarter of any fiscal
year), a narrative discussion and analysis of the financial condition and
results of operations of the Borrower and its Subsidiaries for such fiscal
quarter and for the period from the beginning of the then current fiscal year
to the end of such fiscal quarter, as compared to the portion of the
Projections covering such periods and to the comparable periods of the previous
year;

(e)       within
five days after the same are sent, copies of all financial statements and
reports that the Borrower sends to the holders of any class of its debt
securities or public equity securities and, within five days after the same are
filed, copies of all financial statements and reports that the Borrower may
make to, or file with, the SEC; 

(f)        promptly,
after any request by the Senior Administrative Agent, any final
"management" letter submitted by such accountants to management in
connection with their annual audit;

(g)       to
the extent not otherwise delivered to the Senior Administrative Agent, within
five days after the same are sent, copies of any notices or information that
the Borrower sends to the holders of the Interim Loans;

(h)       no
later than five Business Days prior to the effectiveness thereof, copies of
substantially final drafts of any proposed amendment, supplement, waiver or
other modification with respect to the Interim Loan Documents; and

(i)        promptly,
such additional financial and other information as any Lender may from time to
time reasonably request, including with respect to the Patriot Act.

7.3           Payment of
Obligations.  Pay, discharge
or otherwise satisfy at or before maturity or before they become delinquent, as
the case may be, all its material obligations of whatever nature, except where
the amount or validity thereof is currently being contested in good faith by
appropriate proceedings and reserves in conformity with GAAP with respect
thereto have been provided on the books of the relevant Group Member.

 72
 

7.4           Maintenance of
Existence; Compliance. 
(a)  (i)  Preserve, renew and keep in full force and
effect its organizational existence and (ii) take all reasonable action to
maintain all rights, privileges and franchises necessary or desirable in the
normal conduct of its business, except, in each case, as otherwise permitted by
Section 8.4 and except, in the case of clause (ii) above, to the extent that
failure to do so would not reasonably be expected to have a Material Adverse
Effect; and (b) comply with all Contractual Obligations, Organizational
Documents and Requirements of Law (including, without limitation, ERISA and the
Code) except to the extent that failure to comply therewith would not
reasonably be expected to have a Material Adverse Effect.

7.5           Maintenance of
Property; Insurance.  (a)  Keep all property useful and necessary in its
business in good working order and condition, ordinary wear and tear excepted
and (b) maintain with financially sound and reputable insurance companies
insurance on all its property in at least such amounts and against at least
such risks (but including in any event public liability, product liability and
business interruption) as are usually insured against in the same general area
by companies engaged in the same or a similar business.

7.6           Inspection of
Property; Books and Records; Discussions.  (a) 
Keep proper books of records and account in which full, true and correct
entries in conformity with GAAP and all Requirements of Law shall be made of
all dealings and transactions in relation to its business and activities and
(b) permit representatives of the Senior Administrative Agent or any Lender, at
their own expense, to visit and inspect any of its properties and examine and
make abstracts from any of its books and records at any reasonable time, on
prior reasonable notice and as often as may reasonably be desired and to
discuss the business, operations, properties and financial and other condition
of the Group Members with officers and employees of the Group Members and with
their independent certified public accountants. 

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

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

(b)       any
litigation, investigation or proceeding that may exist at any time between any
Group Member and any Governmental Authority, that if adversely determined, as
the case may be, would reasonably be expected to have a Material Adverse
Effect;

(c)       any
litigation or proceeding affecting any Group Member (i) in which the aggregate
amount claimed against the Group Member and not covered by insurance exceeds
$2,500,000, (ii) in which injunctive or similar relief is sought and which
would reasonably be expected to have a Material Adverse Effect or (iii) which
relates to any Loan Document;

(d)       the
following events, as soon as possible and in any event within 30 days after the
Borrower knows or has reason to know thereof: 
(i) the occurrence of any

 73
 

Reportable
Event with respect to any Plan, a failure to make any required contribution to
a Plan, the creation of any Lien in favor of the PBGC or a Plan or any
withdrawal from, or the termination, Reorganization or Insolvency of, any
Multiemployer Plan or (ii) the institution of proceedings or the taking of any
other action by the PBGC or the Borrower or any Commonly Controlled Entity or
any Multiemployer Plan with respect to the withdrawal from, or the termination,
Reorganization or Insolvency of, any Plan; and

(e)       any
development or event that has had or could reasonably be expected to have a
Material Adverse Effect or, in lieu thereof, at any time the Borrower is a
reporting company under the Securities Exchange Act of 1934, as amended,
delivery of each 8-K filed by the Borrower with the SEC.

Each notice pursuant to
this Section 7.7 shall be accompanied by a statement of a Responsible Officer
setting forth details of the occurrence referred to therein and stating what
action the Borrower or the relevant Subsidiary proposes to take with respect
thereto.

7.8           Environmental Laws.  (a) 
Comply with, and ensure compliance in all material respects by all
tenants and subtenants, if any, with, all applicable Environmental Laws, and
obtain and comply with and maintain, and ensure that all tenants and subtenants
obtain and comply in all material respects with and maintain, any and all
licenses, approvals, notifications, registrations or permits required by
applicable Environmental Laws, except, in each case, to the failure to do so
would not reasonably be expected to have a Material Adverse Effect.

(b)       Conduct
and complete all investigations, studies, sampling and testing, and all
remedial, removal and other actions required under Environmental Laws and
promptly comply with all lawful orders and directives of all Governmental
Authorities regarding Environmental Laws, except to the extent the failure to
do so would not reasonably be expected to have a Material Adverse Effect.

7.9           Interest Rate
Protection; Hedging Requirements. 
In the case of the Borrower, prior to the initial Funding Date, enter
into, and thereafter maintain, Hedge Agreements to the extent necessary to
provide that at least 50% of the aggregate principal amount of Term Loans that
the Borrower reasonably anticipates will be outstanding 60 days after the
Funding Date (such amount, the "Anticipated Amount") is
subject to either a fixed interest rate or interest rate protection for a
period of not less than 2-1/2 years (calculated based on the weighted average
of the maturities of all such Hedge Agreements), which Hedge Agreements shall
have other terms and conditions reasonably satisfactory to the Senior
Administrative Agent; provided that if the aggregate principal amount of
Term Loans outstanding 60 days after the Funding Date is higher than the
Anticipated Amount (such amount, the "Excess Amount"), then
the Borrower shall promptly enter into Hedge Agreements meeting the
requirements of this Section 7.9 with respect to the Excess Amount.

7.10         Additional Collateral,
etc.  (a)  With respect to any property acquired after
the Effective Date by any Group Member (other than (x) any property described
in paragraph (b),

 74
 

(c) or (d) below, (y) any
property subject to a Lien expressly permitted by Section 8.3(g) and (z)
property acquired by any Excluded Foreign Subsidiary) as to which the Senior
Collateral Agent, for the benefit of the Secured Parties, does not have a
perfected Lien, promptly (i) execute and deliver to the Senior Collateral Agent
such amendments to the Guarantee and Collateral Agreement or such other
documents as the Senior Collateral Agent deems necessary or advisable to grant
to the Senior Collateral Agent, for the benefit of the Secured Parties, a
security interest in such property and (ii) take all actions necessary or advisable
to grant to the Senior Collateral Agent, for the benefit of the Secured
Parties, a perfected first priority security interest in the Collateral,
including the filing of Uniform Commercial Code financing statements in such
jurisdictions as may be required by the Guarantee and Collateral Agreement or
by law or as may be requested by the Senior Collateral Agent.

(b)       With
respect to any fee interest in any real property having a value (together with
improvements thereof) of at least $1,000,000 acquired after the Effective Date
by any Group Member (other than (x) any such real property subject to a Lien
expressly permitted by Section 8.3(g) and (y) real property acquired by any
Excluded Foreign Subsidiary), promptly (i) execute and deliver a Mortgage, in
favor of the Senior Collateral Agent, for the benefit of the Secured Parties,
covering such real property, (ii) if requested by the Senior Collateral Agent,
provide the Secured Parties with (x) title and extended coverage insurance
covering such real property in an amount at least equal to the purchase price
of such real property (or such other amount as shall be reasonably specified by
the Senior Collateral Agent ) as well as a current ALTA survey thereof,
together with a surveyor's certificate and (y) any consents or estoppels
reasonably deemed necessary or advisable by the Senior Collateral Agent in
connection with such Mortgage, each of the foregoing in form and substance
reasonably satisfactory to the Senior Collateral Agent and (iii) if reasonably
requested by the Senior Collateral Agent, deliver to the Senior Collateral
Agent legal opinions relating to the matters described above, which opinions
shall be in form and substance, and from counsel, reasonably satisfactory to
the Senior Collateral Agent.

(c)       With
respect to any new Subsidiary (other than an Excluded Foreign Subsidiary)
created or acquired after the Effective Date by any Group Member (which, for
the purposes of this paragraph (c), shall include any existing Subsidiary that
ceases to be an Excluded Foreign Subsidiary), promptly (i) execute and deliver
to the Senior Collateral Agent such amendments to the Guarantee and Collateral
Agreement as the Senior Collateral Agent deems necessary or advisable to grant
to the Senior Collateral Agent, for the benefit of the Secured Parties, a
perfected first priority security interest in the Capital Stock of such new
Subsidiary that is owned by any Group Member, (ii) deliver to the Senior
Collateral Agent the certificates representing such Capital Stock, together
with undated stock powers, in blank, executed and delivered by a duly
authorized officer of the relevant Group Member, (iii) cause such new
Subsidiary (A) to become a party to the Guarantee and Collateral Agreement, (B)
to take such actions necessary or advisable to grant to the Senior Collateral
Agent for the benefit of the Secured Parties a perfected first priority
security interest in the Collateral with respect to such new Subsidiary,
including the filing of Uniform Commercial Code financing statements in such
jurisdictions as may be required by the Guarantee and Collateral Agreement or
by law or as may be requested by the Senior Collateral Agent and (C) to deliver
to the Senior Collateral Agent a

 75
 

certificate
of such Subsidiary, substantially in the form of Exhibit C, with appropriate
insertions and attachments, and (iv) if reasonably requested by the Senior
Collateral Agent, deliver to the Senior Collateral Agent legal opinions
relating to the matters described above, which opinions shall be in form and
substance, and from counsel, reasonably satisfactory to the Senior Collateral
Agent.

(d)       With
respect to any new Excluded Foreign Subsidiary that is not an Immaterial
Subsidiary created or acquired after the Effective Date by any Group Member
(other than by any Group Member that is an Excluded Foreign Subsidiary),
promptly (i) execute and deliver to the Senior Collateral Agent such amendments
to the Guarantee and Collateral Agreement as the Senior Collateral Agent deems
necessary or advisable to grant to the Senior Collateral Agent, for the benefit
of the Secured Parties, a perfected first priority security interest in the
Capital Stock of such new Subsidiary that is owned by any such Group Member (provided
that in no event shall more than 65% of the total outstanding Capital Stock of
any such new Subsidiary be required to be so pledged), (ii) deliver to the
Senior Collateral Agent the certificates representing such Capital Stock,
together with undated stock powers, in blank, executed and delivered by a duly
authorized officer of the relevant Group Member, as the case may be, and take
such other action as may be necessary or, in the opinion of the Senior
Collateral Agent, desirable to perfect the Senior Collateral Agent's security
interest therein, and (iii) if reasonably requested by the Senior Collateral
Agent, deliver to the Senior Collateral Agent legal opinions relating to the
matters described above, which opinions shall be in form and substance, and
from counsel, reasonably satisfactory to the Senior Collateral Agent.

7.11         Offer Conversion.  If the Borrower intends to withdraw (or cause
the withdrawal of) the Scheme and to make an Offer (such actions, the "Offer
Conversion"), (a) notify the Senior Administrative Agent by written
notice (the "Offer Conversion Notice") as soon as reasonably
practicable of its intent to do so and (b) cause the Scheme to be withdrawn and
an Offer Press Release to be issued in accordance with Section 7.13(a).  

7.12         Conduct of the Scheme.
Unless an Offer Conversion takes place, the Borrower shall:

(a)       Scheme
Press Release.  Issue the Scheme
Press Release promptly after the date of this Agreement and in any event within
five Business Days of the date of this Agreement.

(b)       Scheme
Documents.  (i)  Dispatch the Scheme Circular as soon as
practicable after satisfaction or waiver in accordance with Section 8.17(c) of
the pre-conditions set forth in the Scheme Press Release, and in any event
within 28 days after satisfaction or waiver in accordance with Section 8.17(c)
of the pre-conditions set forth in the Scheme Press Release or within such
longer period as the Panel may permit.

(ii) Ensure that the terms and conditions of the
Scheme Circular are consistent in all material respects with the transaction
described in the Draft Acquisition

 76
 

Agreement and
Scheme Press Release (other than any inconsistency which would not be material
and adverse to the interest of the Lenders) and comply with applicable
law.  

(iii)  Ensure
that the terms and conditions of the Acquisition Agreement are consistent in
all material respects with the terms of the Draft Acquisition Agreement (other
than any inconsistency which would not be material and adverse to the interests
of the Lenders) except that the cash consideration payable pursuant to the Scheme
and the other terms and conditions may be different to that specified in the
Draft Acquisition Agreement to the extent agreed in writing with the Senior
Administrative Agent.  

(c)       Progress
of the Scheme.  Subject to any
confidentiality restrictions entered into in good faith and binding on them and
consistent with the preservation of all privileged communication as such:  (i) keep the Senior Administrative Agent
informed as to any material developments in relation to the Scheme; and (ii)
promptly (following receipt from the Senior Administrative Agent of a written
request itemizing the same in sufficient detail to enable the Borrower or Bidco
to identify the same specifically) provide on a non-reliance basis the Senior
Administrative Agent with information as to the progress of the Scheme and with
all material written information and material written formal advice on a
specific circumstance (and not for the avoidance of doubt of a generic or
general nature) received by it in relation to the Scheme (excluding for the
avoidance of doubt any preliminary advice which is later superseded).  Notify the Senior Administrative Agent
promptly following the issuance of the Court Order.  

(d)       Announcements.  (i) Promptly deliver to the Senior
Administrative Agent:  (x) copies of all
press and other public announcements made by itself in connection with or in
relation to the Scheme; and (y) subject to any confidentiality restrictions
entered into in good faith and binding on them, any material, written, formal
documents or material written, formal statements issued to and received by them
and binding on them from the Panel, the OFT, the Competition Commission or any
other regulatory authority (including the Courts) in relation to the Scheme;
and (ii) where any announcement, press release or publicity material to be
issued by it or on its behalf refers to the Senior Administrative Agent, the
Syndication Agent or any other Lender, the Lead Arranger, or any Agent or the
Facilities, not release or permit such announcement, press release or publicity
material to be released by any Group Member until the Senior Administrative
Agent has given its consent to such references to the Senior Administrative
Agent, the Syndication Agent or any other Lender, the Lead Arranger or any other
Agent or the Facilities (such approval not to be unreasonably withheld or
rendered subject to unreasonable conditions and to be given or refused within
24 hours of receipt by the Senior Administrative Agent of the relevant material
and, if no response is received within such 24 hour period, consent is deemed
to be given); provided that no such consent or approval will be required
to make an announcement, press release, or publicity material required to be
made to comply with the City Code and any other relevant laws or regulation
(but the Borrower and Bidco shall use all reasonable endeavors to consult with
the Senior Administrative Agent prior to making the announcement and to avoid
references therein to the Senior Administrative Agent, the Syndication Agent or
any other Lender, the Lead Arranger or any Agent or the Facilities).

 77
 

(e)       Conduct
of the Scheme.  Ensure that each
Scheme Document, all other documents issued by it or on its behalf in
connection with the Scheme and the conduct of the Scheme comply in all material
respects with all applicable laws and regulations (including the requirements
of the City Code) and with the terms of the Acquisition Agreement, use
commercially reasonable efforts to obtain, maintain and renew, as and when
necessary, all material consents from all governmental and other regulatory
authorities required in connection with the Scheme and ensure that all of its
material obligations in connection with the Scheme are performed in all
material respects, it being understood that the Borrower shall not be obligated
to consummate the Acquisition.

(f)        Certificate
of Registration of Sanctioning of the Scheme.  Ensure that a copy of the Court Order is
delivered to the Registrar of Companies and obtain a certificate of
registration relating to the same within two Business Days of receipt thereof.

7.13         Conduct of the Offer.  If an Offer Conversion has occurred:

(a)       Offer
Press Release.  Issue the Offer Press
Release promptly after the date the Offer Conversion Notice is delivered and in
any event within five Business Days of the date the Offer Conversion Notice is
delivered.

(b)       Offer
Document.  Dispatch the Offer
Document as soon as practicable, and in any event within 28 days after
satisfaction of the pre-conditions set forth in the Offer Press Release or
within such longer period as the Panel may permit, and ensure that the terms
and conditions of the Offer Document are (i) consistent in all material
respects with the terms of the Offer Press Release and (ii) are consistent as
regards all terms in any way material to the interests of the Lenders with
those terms recorded in the Scheme Circular (other than any inconsistency which
would not be material and adverse to the interests of the Lenders, including an
acceptance set at 90% of the Shares in Constellation to which the Offer relates
(or such lower percentage as the Borrower may, subject to the City Code,
decide; provided that such percentage shall not be lower than 75%)) except that
the cash consideration payable pursuant to the Offer Document may not be higher
than that specified in the Offer Press Release and the other terms and
conditions may be different to that specified in the Offer Press Release to the
extent agreed in writing with the Senior Administrative Agent.

(c)       Progress
of the Offer.  Subject to any
confidentiality restrictions entered into in good faith and binding on
them:  (i) keep the Senior Administrative
Agent informed as to any material developments in relation to the Offer; and
(ii) promptly (following receipt from the Senior Administrative Agent of a
written request itemizing the same in sufficient detail to enable the Borrower
or Bidco to identify the same specifically) provide on a non-reliance basis the
Senior Administrative Agent with information as to the progress of the Offer
and with all material written information and material, written formal advice
on a specific circumstance (and not for the avoidance of doubt of a generic or
general nature) received by it in relation to the Offer (excluding for the
avoidance of doubt any preliminary advice which is later superseded).

 78
 

(d)       Announcements.  (i) Promptly deliver to the Senior
Administrative Agent:  (x) copies of all
press and other public announcements made by itself in connection with or in
relation to the Offer; and (y) subject to any confidentiality restrictions
entered into in good faith and binding on them, any material, written, formal
documents or material written, formal statements issued to and received by them
and binding on them from the Panel, the OFT, the Competition Commission or any
other regulatory authority (including the Courts) in relation to the Offer; and
(ii) where any announcement, press release or publicity material to be issued
by it or on its behalf refers to the Senior Administrative Agent, the
Syndication Agent or any other Lender, the Lead Arranger, or any Agent or the
Facilities, not release or permit such announcement, press release or publicity
material to be released by any Group Member until the Senior Administrative
Agent has given its consent to such references to the Senior Administrative
Agent, the Syndication Agent or any other Lender, the Lead Arranger or any
other Agent or the Facilities (such approval not to be un-reasonably withheld
or rendered subject to unreasonable conditions and to be given or refused
within 24 hours of receipt by the Senior Administrative Agent of the relevant
material and, if no response is received within such 24 hour period, consent is
deemed to be given); provided that no such consent or approval will be
required to make an announcement, press release, or publicity material required
to be made to comply with the City Code and any other relevant laws or
regulation (but the Borrower and Bidco shall use all reasonable endeavors to
consult with the Senior Administrative Agent prior to making the announcement
and to avoid references therein to the Senior Administrative Agent, the
Syndication Agent or any other Lender, the Lead Arranger or any Agent or the
Facilities).

(e)       Conduct
of the Offer.  Ensure that the Offer
Press Release, the Offer Document, all other documents issued by it or on its
behalf in connection with the Offer and the conduct of the Offer comply in all
material respects with all applicable laws and regulations (including the
requirements of the City Code), use commercially reasonable efforts to obtain,
maintain and renew, as and when necessary, all material consents from all
governmental and other regulatory authorities required in connection with the
Offer and ensure that all of its material obligations in connection with the
Offer are performed in all material respects, it being understood that the
Borrower shall not be obligated to consummate the Acquisition.

(f)        Purchase
of Remaining Constellation Shares. 
Ensure that Compulsory Purchase Notices are dispatched within 10
Business Days of the Borrower, or Bidco, being entitled to dispatch such
notices.

7.14         Further Assurances.  From time to time execute and deliver, or
cause to be executed and delivered, such additional instruments, certificates
or documents, and take all such actions, as the Senior Administrative Agent or
the Senior Collateral Agent may reasonably request for the purposes of
implementing or effectuating the provisions of this Agreement and the other
Loan Documents, or of more fully perfecting the rights of the Senior
Administrative Agent, the Senior Collateral Agent and the Secured Parties with
respect to the Collateral (or with respect to any additions thereto or
replacements or proceeds thereof or with respect to any other property or
assets hereafter acquired by the borrower or any Subsidiary which may be deemed
to be part of the Collateral) pursuant hereto or thereto.  Upon the proper exercise by the Senior
Administrative Agent, the Senior Collateral Agent or any Secured Party of any
power, right,

 79
 

privilege or remedy
pursuant to this Agreement or the other Loan Documents which requires any
consent, approval, recording qualification or authorization of any Governmental
Authority, the Borrower will execute and deliver, or will cause the execution
and delivery of, all applications, certifications, instruments and other
documents and papers that the Senior Administrative Agent, the Senior
Collateral Agent or such Lenders may be required to obtain from the Borrower or
any of its Subsidiaries for such governmental consent, approval, recording,
qualification or authorization.

7.15         Rated Credit Term
Facility; Corporate Ratings. 
Use commercially reasonable efforts to (a) have a formal ratings
presentation to each of S&P and Moody's with respect to the Borrower and
the Facilities at such date as the Senior Administrative Agent deems necessary
or appropriate, (b) cause the Facilities made available under this Agreement to
be rated by S&P and Moody's no later than 30 days prior to the Funding
Date, (c) cause the Facilities to be continuously rated thereafter by S&P
and Moody's, (d) cause the Borrower to receive a Corporate Family Rating and
Corporate Rating no later than 30 days prior to the Funding Date and (e) cause
the Borrower to continuously receive a Corporate Family Rating and Corporate
Rating.

7.16         Syndication.  Following the Effective Date, actively assist
the Lead Arranger in achieving a Successful Syndication of the Facilities.  Such assistance shall include (a) the
Borrower providing and causing its advisors to provide to the Lead Arranger
promptly upon request all information reasonably deemed necessary by the Lead
Arranger to complete such syndication, including, but not limited to,
information and evaluations prepared by the Borrower and its advisors relating
to the Transactions, (b) the Borrower's assistance in the preparation of the
Confidential Information Memorandum to be used in connection with the
syndication of the Facilities, which shall be substantially complete at least
30 calendar days prior to the Funding Date, (c) the Borrower using its
commercially reasonable efforts to ensure that the syndication efforts of the
Lead Arranger benefit materially from the Borrower's existing lending
relationships and (d) the Borrower otherwise assisting the Lead Arranger in its
syndication efforts, including by making the Borrower's officers and advisors
available from time to time to attend and make presentations regarding the
business and prospects of the Borrower, as appropriate, at one or more meetings
of prospective Lenders at least 30 calendar days prior to the Funding
Date.  

7.17         Blocked Accounts;
Escrow Accounts.

(a)       Within
fifteen days after the Effective Date (or such longer period as may be agreed
by the Interim Administrative Agent in its sole discretion), deposit cash and
Cash Equivalents of the Borrower and its Subsidiaries in one or more Blocked
Accounts in an aggregate amount no less than $217,000,000.

(b)       Subject
to clause (c) below, maintain such Blocked Accounts with an aggregate minimum
balance of $217,000,000 until any commitments with respect to the Interim Loans
have been terminated and the Interim Loans have been indefeasibly paid in full.

 80

(c)       No later than five days prior to the Funding Date,
liquidate Cash Equivalents of the Borrower and its Subsidiaries and deposit all
proceeds therefrom together with cash of the Borrower and its Subsidiaries in
an aggregate amount no less than $217,000,000 in one or more Escrow Accounts to
be used to satisfy the Offer or Scheme and to fund, in part, the Acquisition.

SECTION 8.    NEGATIVE
COVENANTS

The Borrower hereby agrees that, so long as the
Commitments remain in effect, any Letter of Credit remains outstanding or any
Loan or other amount is owing to any Lender or Agent hereunder, the Borrower
shall not, and shall not permit any of its Subsidiaries to, directly or
indirectly:

8.1           Financial Condition
Covenants.  (a)  Consolidated Leverage Ratio.  Commencing with the first full fiscal quarter
after the quarter in which the Funding Date occurs, permit the Consolidated
Leverage Ratio as at the last day of any period of four consecutive fiscal
quarters of the Borrower ending with any fiscal quarter set forth below to
exceed the ratio set forth below opposite such fiscal quarter:

	
  Fiscal Quarter

  	
   

  	
  Consolidated

  Leverage Ratio

  $300 Million Base Case

  	
   

  	
  Consolidated

  Leverage Ratio

  $180 Million Base Case

  	
   

  
	
  June 30, 2007

  	
   

  	
  4.00
  to 1.00

  	
   

  	
  2.50
  to 1.00

  	
   

  
	
  September 30, 2007

  	
   

  	
  4.00
  to 1.00

  	
   

  	
  2.50
  to 1.00

  	
   

  
	
  December 31, 2007

  	
   

  	
  4.00
  to 1.00

  	
   

  	
  2.50
  to 1.00

  	
   

  
	
  March 31, 2008

  	
   

  	
  3.75
  to 1.00

  	
   

  	
  2.25
  to 1.00

  	
   

  
	
  June 30, 2008

  	
   

  	
  3.75
  to 1.00

  	
   

  	
  2.25
  to 1.00

  	
   

  
	
  September 30, 2008

  	
   

  	
  3.75
  to 1.00

  	
   

  	
  2.25
  to 1.00

  	
   

  
	
  December 31, 2008

  	
   

  	
  3.75
  to 1.00

  	
   

  	
  2.25
  to 1.00

  	
   

  
	
  March 31, 2009

  	
   

  	
  3.25
  to 1.00

  	
   

  	
  1.75
  to 1.00

  	
   

  
	
  June 30, 2009

  	
   

  	
  3.25
  to 1.00

  	
   

  	
  1.75
  to 1.00

  	
   

  
	
  September 30, 2009

  	
   

  	
  3.25
  to 1.00

  	
   

  	
  1.75
  to 1.00

  	
   

  
	
  December 31, 2009

  	
   

  	
  3.25
  to 1.00

  	
   

  	
  1.75
  to 1.00

  	
   

  
	
  March 31, 2010

  	
   

  	
  2.75
  to 1.00

  	
   

  	
  1.50
  to 1.00

  	
   

  
	
  June 30, 2010

  	
   

  	
  2.75
  to 1.00

  	
   

  	
  1.50
  to 1.00

  	
   

  
	
  September 30, 2010

  	
   

  	
  2.75
  to 1.00

  	
   

  	
  1.50
  to 1.00

  	
   

  
	
  December 31, 2010

  	
   

  	
  2.75
  to 1.00

  	
   

  	
  1.50
  to 1.00

  	
   

  
	
  March 31, 2010

  	
   

  	
  2.25
  to 1.00

  	
   

  	
  1.50
  to 1.00

  	
   

  
	
  June 30, 2010

  	
   

  	
  2.25
  to 1.00

  	
   

  	
  1.50
  to 1.00

  	
   

  
	
  September 30, 2010

  	
   

  	
  2.25
  to 1.00

  	
   

  	
  1.50
  to 1.00

  	
   

  
	
  December 31, 2010 and each quarter thereafter

  	
   

  	
  2.25 to 1.00

  	
   

  	
  1.50 to 1.00

  	
   

  

 

 81
 

; provided that if the Incurred Amount is less
than $300,000,000 but greater than $180,000,000, the numerator in each of the
above ratios shall be adjusted as follows by (a) the product of the Ratio
Difference times the Adjustment Factor plus (b) the numerator in the
ratio set forth above for the $180 Million Base Case for the applicable
quarter.

For purposes of this Section 8.1(a), the following
terms shall have the following meanings:

“$180 Million Base
Case”: the incurrence by the Borrower and the Irish Borrower on the Funding
Date of an aggregate principal amount of Loans and Interim Loans less than or
equal to $180,000,000.

“$300 Million Base
Case”: the incurrence by the Borrower and the Irish Borrower on the Funding
Date of an aggregate principal amount of Loans and Interim Loans equal to or
greater than $300,000,000.

“Adjustment Factor”:
(a) the Incurred Amount minus $180,000,000 divided by (b) $120,000,000.

“Incurred Amount”:
the aggregate principal amount of Loans and Interim Loans incurred on the
Funding Date.

“Ratio Difference”:
(a) the numerator in the ratio set forth above for the $300 Million Base Case
for the applicable quarter minus (b) the numerator in the ratio set
forth above for the $180 Million Base Case.

(b)       Consolidated Interest Coverage Ratio. 
Commencing with the first full fiscal quarter after the quarter in which
the Funding Date occurs, permit the Consolidated Interest Coverage Ratio for
any period of four consecutive fiscal quarters of the Borrower to be less than
the (a) in the $180 Million Base Case, 3.50 to 1.00 at the end of each fiscal
quarter and (b) in the $300 Million Base Case, 3.00 to 1.00; provided
that if the Incurred Amount (as defined below) is less than $300,000,000 but
greater than $180,000,000, the numerator in each of the above ratios shall be
adjusted as follows: (a) the numerator in the ratio set forth above for the
$180 Million Base Case for the applicable quarter minus (b) the product
of the Ratio Difference times the Adjustment Factor.

For purposes of this
Section 8.1(b), the following terms shall have the following meanings:

“$180 Million Base Case”:
the incurrence by the Borrower and the Irish Borrower on the Funding Date of an
aggregate principal amount of Loans and Interim Loans less than or equal to
$180,000,000.

 82
 

“$300 Million Base
Case”: the incurrence by the Borrower and the Irish Borrower on the Funding
Date of an aggregate principal amount of Loans and Interim Loans equal to or
greater than $300,000,000.

“Adjustment Factor”:
(a) the Incurred Amount minus $180,000,000 divided by (b) $120,000,000.

“Incurred Amount”:
the aggregate principal amount of Loans and Interim Loans incurred on the
Funding Date.

“Ratio Difference”:
(a) the numerator in the ratio set forth above for the $180 Million Base Case
for the applicable quarter minus (b) the numerator in the ratio set
forth above for the $300 Million Base Case.

8.2           Indebtedness.  Create, issue, incur, assume, become liable
in respect of or suffer to exist any Indebtedness, except:

(a)       Indebtedness of any Loan Party pursuant to any Loan
Document;

(b)       Indebtedness (i) of the Borrower to any Subsidiary,
(ii) of any Wholly Owned Subsidiary Guarantor to the Borrower or any other Subsidiary,
(iii) of any Foreign Subsidiary to any other Foreign Subsidiary and (iv)
subject to Section 8.8(h), of any Foreign Subsidiary to the Borrower or any
Wholly Owned Subsidiary Guarantor; provided that any such Indebtedness
is evidenced by, and subject to the provisions (including the subordination
provisions) of the Intercompany Note;

(c)       Guarantee Obligations incurred in the ordinary course
of business by the Borrower or any of its Subsidiaries of obligations of the
Borrower, any Wholly Owned Subsidiary Guarantor and, subject to Section 8.8(h),
of any Foreign Subsidiary;

(d)       Indebtedness outstanding on the date hereof and listed
on Schedule 8.2 of the Disclosure Letter and any refinancings, refundings,
renewals or extensions thereof (without increasing, or shortening the maturity
of, the principal amount thereof);

(e)       Indebtedness (including, without limitation, Capital
Lease Obligations) secured by Liens permitted by Section 8.3(g) in an aggregate
principal amount not to exceed $15,000,000 at any one time outstanding;

(f)        Indebtedness and Guarantee Obligations in respect of
the Interim Credit Agreement;

 83
 

(g)       Hedge Agreements permitted under Section 8.12;

(h)       Indebtedness in respect of performance, bid, surety,
indemnity, appeal bonds, completion guarantees and other obligations of like
nature and guarantees and/or obligations as an account party in respect of the
face amount of letters of credit in respect thereof, in each case securing
obligations not constituting Indebtedness for borrowed money (including worker’s
compensation claims, environmental remediation and other environmental matters
and obligations in connection with self-insurance or similar requirements)
provided in the ordinary course of business;

(i)        Indebtedness arising from the endorsement of
instruments in the ordinary course of business;

(j)        Indebtedness of a Person existing at the time such
Person became a Subsidiary of any Loan Party (such Person, an (“Acquired
Person”), together with all Indebtedness assumed by such Loan Party or any of
its Subsidiaries in connection with any acquisition permitted under Section 8.8
(other than the Acquisition), but only to the extent that (i) such Indebtedness
was not created or incurred in contemplation of such Person becoming a
Subsidiary or such acquisition, (ii) any Liens securing such Indebtedness
attach only to the assets of the Acquired Person and (iii) the aggregate
principal amount of such Indebtedness does not exceed $15,000,000 at any one
time outstanding;

(k)       Earn-Out Obligations;

(l)        unsecured Permitted Subordinated Indebtedness incurred
to finance a Permitted Acquisition, in each case incurred simultaneously with
the consummation of such Permitted Acquisition, in an aggregate principal
amount not to exceed (i) $50,000,000 at any one time outstanding or (ii) $75,000,000
at any one time outstanding if the pro forma Consolidated Leverage Ratio giving
effect to the incurrence of such Indebtedness (calculated using the most recent
financial statements delivered pursuant to Section 7.1), does not exceed 2.0 to
1.0;

(m)      Indebtedness relating to tenant improvement loans
incurred in the ordinary course of business;

(n)       Indebtedness of Constellation or its Subsidiaries
existing on the date the Acquisition is consummated, but only to the extent
that (i) such Indebtedness was not created or incurred in contemplation of the
Acquisition, (ii) any Liens securing such Indebtedness attach only to the
assets of Constellation or its Subsidiaries and (iii) the aggregate principal
amount of such Indebtedness does not exceed $5,000,000 at any one time
outstanding; provided that such Indebtedness shall only be permitted to
exist for 60 days following the date the Acquisition is consummated;

 84
 

(o)       Indebtedness of the Borrower or any Subsidiary as an
account party or applicant in respect of letters of credit (other than Letters
of Credit issued hereunder) incurred in the ordinary course of business;
provided that the aggregate face amount of such letters of credit does not
exceed $7,500,000; and

(p)       additional Indebtedness of the Borrower or any of its
Subsidiaries in an aggregate principal amount (for the Borrower and all
Subsidiaries) not to exceed $15,000,000 at any one time outstanding.

Notwithstanding anything to the contrary set forth
herein, immediately after the consummation of the Transactions to occur on the
Funding Date, there shall be no Indebtedness outstanding at Constellation or
any of its Subsidiaries, other than Indebtedness permitted by Section 8.2(a),
(b), (c), (e), (f), (g), (h), (i), (m) and (n).

8.3           Liens.  Create, incur, assume or suffer to exist any
Lien upon any of its property, whether now owned or hereafter acquired, except
for:

(a)       Liens for taxes or other governmental charges or
levies not delinquent beyond any grace period or that are being contested in
good faith by appropriate proceedings, provided that adequate reserves
with respect thereto are maintained on the books of the Borrower or its
Subsidiaries, as the case may be, in conformity with GAAP;

(b)       landlord’s, carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course
of business that are not overdue for a period of more than 30 days or that are
being contested in good faith by appropriate proceedings;

(c)       banker’s Liens, rights of setoff, or similar rights
and remedies as to deposit accounts or pledges or deposits in connection with
workers’ compensation, unemployment insurance and other social security
legislation;

(d)       deposits to secure the performance of bids, tenders,
trade contracts (other than for borrowed money), government contracts, leases,
statutory or regulatory obligations, surety and appeal bonds, performance
bonds, return of money bonds and other obligations of a like nature incurred in
the ordinary course of business;

(e)       easements, rights-of-way, restrictions and other
similar encumbrances incurred in the ordinary course of business that do not in
any case materially detract from the value of the property subject thereto or
materially interfere with the ordinary conduct of the business of the Borrower
or any of its Subsidiaries;

 85
 

(f)        Liens in existence on the date hereof listed on
Schedule 8.3 of the Disclosure Letter, securing Indebtedness permitted by
Section 8.2(d), provided that no such Lien is expanded to cover any
additional property after the Effective Date and that the amount of
Indebtedness secured thereby is not increased;

(g)       Liens securing Indebtedness of the Borrower or any
other Subsidiary incurred pursuant to Section 8.2(e) to finance the acquisition
of fixed or capital assets, provided that (i) such Liens shall be
created substantially simultaneously with the acquisition of such fixed or
capital assets, (ii) such Liens do not at any time encumber any property other
than the property financed by such Indebtedness and (iii) the amount of
Indebtedness secured thereby is not increased;

(h)       Liens created pursuant to the Security Documents;

(i)        any (i) interest or title of a lessor or sublessor
under any lease not prohibited by this Agreement and covering only the assets
so leased, (ii) Lien or restriction that the interest or title of such lessor
or sublessor may be subject to, or (iii) subordination of the interest of the
lessees or sublessee under such lease to any Lien or restriction referred to in
the preceding clause (ii);

(j)        licenses (with respect to intellectual and other
property), leases or subleases granted to third parties in accordance with any
applicable terms of the Security Documents and in the ordinary course of
business;

(k)       Liens securing judgments not constituting an Event of
Default under Section 9(h);

(l)        the filing of UCC financing statements solely as a
precautionary measure in connection with operating leases and consignment
arrangements;

(m)      Liens arising as a result of progress payments under
government contracts to which the Borrower or one of its Subsidiaries is a
party in the ordinary course of business;

(n)       Liens existing on property acquired by the Borrower or
any Subsidiary at the time such property is so acquired (whether or not the
Indebtedness secured thereby shall have been assumed), provided that (i) such
Lien is not created in contemplation of such acquisition, (ii) such Lien does
not extend to any other property of any Group Member following such acquisition
and (iii) the aggregate fair market value of the property subject to such Lien
(determined as of the date of such acquisition) does not exceed $15,000,000;

 86
 

(o)       Liens of sellers of goods to the Borrower and any of
its Subsidiaries arising under Article 2 of the Uniform Commercial Code or
similar provisions of applicable law in the ordinary course of business,
covering only the goods sold and securing only the unpaid purchase price for
such goods and related expenses;

(p)       Liens securing Indebtedness permitted by Section
8.2(n) or (o);

(q)       Liens on the Blocked Accounts in favor of the Interim
Administrative Agent;

(r)        refinancings, renewals and replacements of Liens
permitted under this Section 8.3, provided that (i) the amount of the
Indebtedness secured thereby is not increased and (ii) such Liens do not extend
to or cover any property or assets of the Borrower and its Subsidiaries which
immediately prior to such refinancing, renewal or replacement were not subject
to a Lien permitted hereunder; and

(s)       Liens not otherwise permitted by this Section so long
as neither (i) the aggregate outstanding principal amount of the obligations
secured thereby nor (ii) the aggregate fair market value (determined as of the
date such Lien is incurred) of the assets subject thereto exceeds (as to the
Borrower and all Subsidiaries) $7,500,000 at any one time.

8.4           Fundamental Changes.  Enter into any merger, consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution), or Dispose of, all or substantially all of its
property or business, except that:

(a)       any Subsidiary may merge with (i) the Borrower; provided, that the Borrower shall be the
continuing or surviving Person, (ii) any one or more other Subsidiaries; provided, that when any Loan Party is merging with
another Subsidiary, such Loan Party shall be the continuing or surviving
Person, or (iii) subject to Section 8.8(h), with or into any Foreign Subsidiary;

(b)       any Subsidiary of the Borrower may Dispose of any or
all of its assets (upon voluntary liquidation or otherwise) to the Borrower or
any Wholly Owned Subsidiary Guarantor or, subject to Section 8.8(h), any
Foreign Subsidiary;

(c)       any Subsidiary that is not a Loan Party may dispose of
all or substantially all its assets (including any Disposition that is in the
nature of a liquidation) to (i) another Subsidiary that is not a Loan Party or
(ii) to a Loan Party;

(d)       any Subsidiary may merge with another Person to effect
a transaction permitted under Section 8.8; and

 87
 

(e)       transactions permitted under Section 8.5 shall be
permitted.

8.5           Disposition of
Property.  Dispose of any of its
property, whether now owned or hereafter acquired, or, in the case of any
Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any
Person, except:

(a)       the Disposition of obsolete, surplus or worn out
property in the ordinary course of business;

(b)       the sale or licensing of inventory, subscriptions to
databases or software as a service, all in the ordinary course of business;

(c)       Dispositions permitted by Section 8.4(a), (b), (c) and
(d);

(d)       the sale or issuance of any Subsidiary’s Capital Stock
to the Borrower or any Wholly Owned Subsidiary Guarantor;

(e)       Dispositions of cash or Cash Equivalents in the
ordinary course of business in transactions not otherwise prohibited by this
Agreement; provided that until (i) the Certain Funds Period has expired
and (ii) the Interim Loans have been indefeasibly paid in full and all
commitments with respect thereto have terminated, cash or Cash Equivalents on
deposit in the Blocked Accounts may not be disposed of except to be transferred
to an Escrow Account or to the satisfy the terms of the Offer or Scheme and
fund a portion of the Acquisition consideration;

(f)        discount or otherwise compromise for less than face
value thereof, notes or accounts receivable in the ordinary course of business
in or to resolve disputes;

(g)       licenses, sublicenses, leases or subleases and similar
arrangements for the use of the property in the ordinary course of business;

(h)       Port Authority Technologies, Inc. may Dispose of the
Capital Stock of Port Authority Technologies Israel Ltd. to another Subsidiary
of the Borrower;

(i)        Rationalizing Constellation Dispositions; provided
that (i) at least 80% of the consideration received in connection therewith
consists of cash or Cash Equivalents, (ii) the assets are sold for no less than
fair market value and (iii) the aggregate fair market value of the Rationalizing
Constellation Dispositions identified in clause (ii) of the definition thereof
and sold pursuant to this clause (i) does not exceed $50,000,000; and

 88
 

(j)        the Disposition of other property having a fair market
value not to exceed $10,000,000 in the aggregate for any fiscal year of the
Borrower; provided that at lest 90% of the consideration received in
connection therewith consists of cash or Cash Equivalents.

8.6           Restricted Payments.  Declare or pay any dividend (other than
dividends payable solely in common stock of the Person making such dividend)
on, or make any payment on account of, or set apart assets for a sinking or
other analogous fund for, the purchase, redemption, defeasance, retirement or
other acquisition of, any Capital Stock of any Group Member, or make or offer
to make any optional or voluntary payment, prepayment, repurchase or redemption
of or otherwise optionally or voluntarily defease or segregate funds with
respect to any principal of Subordinated Debt, in each case, whether now or
hereafter outstanding, or make any other distribution in respect thereof,
either directly or indirectly, whether in cash or property or in obligations of
the Borrower or any Subsidiary (collectively, “Restricted Payments”),
except that:

(a)       any Subsidiary may make Restricted Payments to the
Borrower or any Wholly Owned Subsidiary;

(b)       so long as no Default or Event of Default shall have
occurred and be continuing or would result therefrom, the Borrower may purchase
its common stock or common stock options from present or former officers or
employees of any Group Member upon the death, disability or termination of
employment of such officer or employee, provided, that the aggregate
amount of payments under this clause (b) after the date hereof (net of any
proceeds received by the Borrower after the date hereof in connection with
resales of any common stock or common stock options so purchased) shall not
exceed $2,500,000;

(c)       so long as no Default or Event of Default shall have
occurred and be continuing or would result therefrom, the Borrower may purchase
its outstanding Capital Stock in an aggregate amount not to exceed the sum of
(i) $25,000,000 plus (ii) 50% of the aggregate amount of Consolidated Net
Income accrued during the period (treated as one accounting period) from the
beginning of the fiscal quarter during which the Effective Date occurs to the
end of the most recently ended fiscal quarter for which financial statements
were delivered to the Senior Administrative Agent pursuant to Section 7.1 (or
if the aggregate amount of Consolidated Net Income for such period shall be a
deficit, minus 100% of such deficit);

(d)       the Borrower and each Subsidiary may pay, prepay or
redeem any Permitted Subordinated Indebtedness to the extent such amounts
reflect the net proceeds of the sales of Capital Stock of the Borrower; and

(e)       the Borrower and its Subsidiaries may purchase, redeem
or otherwise acquire any Capital Stock from its employees, officers and
directors by net exercise or otherwise, pursuant to the terms of any employee
stock option, incentive stock or restricted stock

 89
 

plan;
provided that cash payments made pursuant to this clause (e) shall not
exceed $7,500,000 during the term of this Agreement.

8.7           Capital Expenditures.  Make or commit to make any Capital
Expenditure, except (a) Capital Expenditures of the Borrower and its Subsidiaries
in the ordinary course of business not exceeding $20,000,000 per fiscal year; provided,
that (i) up to $10,000,000 of any such amount referred to above, if not so
expended in the fiscal year for which it is permitted, may be carried over for
expenditure in the next succeeding fiscal year and (ii) Capital Expenditures
made pursuant to this clause (a) during any fiscal year shall be deemed made,
first, in respect of amounts permitted for such fiscal year as provided above
and, second, in respect of amounts carried over from the prior fiscal year
pursuant to subclause (i) above and (b) Capital Expenditures made with the
proceeds of any Reinvestment Deferred Amount.

8.8           Investments.  Make any advance, loan, extension of credit
(by way of guaranty or otherwise) or capital contribution to, or purchase any
Capital Stock, bonds, notes, debentures or other debt securities of, or any
assets constituting a business unit of, or make any other investment in, any
Person (all of the foregoing, “Investments”),
except:

(a)       Investments consisting of extensions of credit in the
nature of accounts receivable or notes receivable arising from the grant of
trade credit in the ordinary course of business;

(b)       Investments in Cash Equivalents and deposits of cash
with banks or other depository institutions in the ordinary course of business;

(c)       Guarantee Obligations permitted by Section 8.2;

(d)       loans and advances to employees of any Group Member of
the Borrower in the ordinary course of business (including for travel,
entertainment and relocation expenses) in an aggregate amount for all Group
Members not to exceed $5,000,000 at any one time outstanding;

(e)       the Acquisition;

(f)        Investments in assets useful in the business of the
Borrower and its Subsidiaries made by the Borrower or any of its Subsidiaries
with the proceeds of any Reinvestment Deferred Amount;

(g)       intercompany Investments by the Borrower or any of its
Subsidiaries that is not a Foreign Subsidiary in any of the Borrower or any of
its Subsidiaries that is not a Foreign Subsidiary; provided that all
such intercompany Investments that consist of loans from a

 90
 

Loan
Party are evidenced by the Intercompany Note or another promissory note that
has been pledged to the Senior Collateral Agent pursuant to the Security
Document;

(h)       intercompany Investments by the Borrower or any of its
Subsidiaries in any Person, that, prior to such Investment, is a Foreign
Subsidiary (including, without limitation, Guarantee Obligations with respect
to obligations of any such Foreign Subsidiary, loans made to any such Foreign
Subsidiary and Investments resulting from mergers with or sales of assets to
any such Foreign Subsidiary) in an aggregate amount (valued at cost) not to
exceed, together with any Investment pursuant to paragraphs (k) and (l) of this
Section that results in the creation or acquisition of a Foreign Subsidiary or
the acquisition of assets by a Foreign Subsidiary or any Investment in the
Capital Stock of any Person which is incorporated outside the United States of
America, $5,000,000 in any fiscal year or $20,000,000 in the aggregate during
the term of this Agreement;

(i)        Investments in the ordinary course of business
consisting of endorsements for collection or deposit;

(j)        deposits for utilities, security deposits, leases and
similar prepaid expenses incurred in the ordinary course of business;

(k)       Investments by the Company or any of its Subsidiaries
in an aggregate amount (valued at cost) not to exceed $10,000,000 in any fiscal
year; provided that (i) up to $5,000,000 of any such amount referred to
above, if not so expended in the fiscal year for which it is permitted, may be
carried over for expenditure in the next succeeding fiscal year so long as the
aggregate basket taking into account amounts permitted for such year and all
amounts so carried over shall in no event exceed $50,000,000 and (ii)
Investments made during any fiscal year shall be deemed made, first, in respect
of amounts carried over from the prior fiscal year and, second, in respect of
amounts permitted for such fiscal year as provided above;

(l)        in addition to Investments otherwise expressly
permitted by this Section, Investments by the Borrower or any of its
Subsidiaries in an aggregate amount (valued at cost) not to exceed $5,000,000
in any fiscal year;

(m)      Permitted Acquisitions and Investments made prior to
the consummation of any Permitted Acquisition consisting of reasonable earnest
money deposits, working fees or other similar prepaid consideration or similar
amounts that will be applied toward the consideration paid upon the
consummation of such Permitted Acquisition (in each cash whether or not
refundable under any circumstances);

 91
 

(n)       Investments existing as of the Effective Date and set
forth in Schedule 8.8 of the Disclosure Letter and any extension or renewal
thereof; provided that the amount of any such Investment is not increased at
the time of such extension or renewal;

(o)       Investments received in connection with the bankruptcy
or reorganization of suppliers or customers and in settlement of delinquent
obligations of, and other disputes with, suppliers or customers arising in the
ordinary course of business;

(p)       Investments received as consideration in connection
with Dispositions permitted under Section 8.5;

(q)       Investments in Foreign Subsidiaries to the extent
required by Governmental Authorities as a requirement for such Foreign
Subsidiaries to do business in such foreign jurisdiction not exceeding the
minimum amount required and in no event exceeding $5,000,000 for each such
Investment; and

(r)        Investments consisting of Hedge Agreements permitted
by Section 8.12.

8.9           Optional Payments
and Modifications of Certain Debt Instruments and Agreements.  (a)  (i)
Make or offer to make any optional or voluntary payment, prepayment, repurchase
or redemption of or otherwise optionally or voluntarily defease or segregate
funds with respect to the Interim Credit Agreement (other than amounts on
deposit in any Escrow Account or any Blocked Account); provided that
mandatory prepayments of outstanding Interim Loans may be made in accordance
with the terms of Section 3.2 of the Interim Credit Agreement or (ii) amend,
modify, waive or otherwise change, or consent or agree to any amendment,
modification, waiver or other change to, any of the material terms of the Interim
Loan Documents or any Subordinated Debt in a manner adverse to the Lenders.

(b)       Amend, modify, waive or otherwise change, or consent
or agree to any amendment, modification, waiver or other change to, any of the
terms of any Organization Document of any Loan Party or any Pledged Company if
such amendment, modification, waiver or change could reasonably be expected to
have a Material Adverse Effect.

8.10         Transactions with
Affiliates.  Enter into any
transaction, including any purchase, sale, lease or exchange of property, the
rendering of any service or the payment of any management, advisory or similar
fees, with any Affiliate (other than the Borrower or any Wholly Owned
Subsidiary Guarantor) unless such transaction is (a) otherwise permitted under
this Agreement, (b) in the ordinary course of business of the relevant Group
Member and (c) upon fair and reasonable terms no less favorable to the relevant
Group Member, than it would obtain in a comparable arm’s length transaction
with a Person that is not an Affiliate. 
The foregoing sentence shall not prohibit, to the extent otherwise
permitted under this Agreement, (i) any

 92
 

issuance of securities,
or other payments, awards or grants in cash, securities or otherwise pursuant
to, or the funding of, employment arrangements, stock options and other benefit
plans, (ii) loans or advances to employees, officers or other directors of the
Borrower or any Subsidiary permitted under this Agreement, (iii) the payment of
fees and indemnities to directors, officers, employees and consultants of the
Borrower and the Subsidiaries in the ordinary course of business, (iv) any
agreements with employees and directors entered into by the Borrower or any of
its Subsidiaries in the ordinary course of business, (v) existing related party
transactions described in the Borrower’s SEC filings made prior to the
Effective Date, (vi) any Restricted Payment permitted hereunder, (vii) any
transfer pricing or tax sharing arrangements by or among Group Members that are
compliant with relevant tax requirements or (viii) transactions for which the Borrower
or any Subsidiary shall deliver to the Senior Administrative Agent a written
opinion of a nationally recognized investment banking, accounting, valuation or
appraisal firm stating that the transaction is fair to the Borrower or such
Subsidiary from a financial point of view.

8.11         [Intentionally Omitted].

8.12         Hedge Agreements.  Enter into any Hedge Agreement, except (a)
Hedge Agreements entered into in good faith to hedge or mitigate risks to which
the Borrower or any Subsidiary may have exposure (other than those in respect
of Capital Stock or those entered into for speculative purposes), (b) Hedge
Agreements entered into in order to effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another
floating rate or otherwise) with respect to any interest-bearing liability or
investment of the Borrower or any Subsidiary and (c) any Hedge Agreements
required to be entered into pursuant to the terms and conditions of this
Agreement.

8.13         Changes in Fiscal
Periods.  Permit the fiscal year of
the Borrower to end on a day other than December 31 or change the Borrower’s
method of determining fiscal quarters.

8.14         Negative Pledge
Clauses.  Enter into or suffer to
exist or become effective any agreement that prohibits, limits or imposes any
condition upon the ability of any Group Member to create, incur, assume or
suffer to exist any Lien upon any of its property or revenues, whether now
owned or hereafter acquired, other than (a) this Agreement and the other Loan
Documents, (b) the Interim Loan Documents as in effect on the date hereof, (c)
any agreements governing any purchase money Liens or Capital Lease Obligations
otherwise permitted hereby (in which case, any prohibition or limitation shall
only be effective against the assets financed thereby) and (d) as may be
required by a Governmental Authority in connection with the Transaction.

8.15         Clauses Restricting
Subsidiary Distributions.  Enter into
or suffer to exist or become effective any consensual encumbrance or
restriction on the ability of any Subsidiary of the Borrower to (a) make
Restricted Payments in respect of any Capital Stock of such Subsidiary held by,
or pay any Indebtedness owed to, the Borrower or any other Subsidiary of the
Borrower, (b) make loans or advances to, or other Investments in, the Borrower
or any other Subsidiary of the Borrower or (c) transfer any of its assets to
the Borrower or any other Subsidiary of the Borrower, except for such
encumbrances or restrictions existing under or by reason of (i) any
restrictions existing under the Loan Documents, (ii) any restrictions or

 93
 

encumbrances existing
under the Interim Loan Documents as in effect on the date hereof, and (iii) any
restrictions with respect to a Subsidiary imposed pursuant to an agreement that
has been entered into in connection with the Disposition of all or
substantially all of the Capital Stock or assets of such Subsidiary.

8.16         Lines of Business.  Enter into any business, either directly or
through any Subsidiary, except for those businesses in which the Borrower and
its Subsidiaries are engaged on the date of this Agreement (or in the case of
Constellation and its Subsidiaries, after giving effect to the Acquisition) or
that are reasonably related, ancillary or complementary thereto.

8.17         Amendment to Scheme.  If the Offer Conversion has not occurred:

(a)       Take any action (and shall procure that no person
acting in concert with it takes any action) which will result in it becoming
obliged to make an offer for Constellation Shares under Rule 9 of the City
Code, unless consented to in writing by the Senior Administrative Agent;

(b)       Except as otherwise permitted in this Section 8.17, as
contemplated by Section 7.11 and as otherwise agreed to in writing by the Senior
Administrative Agent, amend (and shall use reasonable endeavors to ensure that
there is no amendment to) the Scheme where any such amendment would be material
and adverse to the interests of the Lenders (including any increase to the cash
consideration payable pursuant to the Scheme above the amount specified in the
Scheme Press Release (including as a result of any open market purchase or
privately negotiated purchase at a higher price resulting in a mandatory increase
in the cash consideration payable pursuant to the Scheme Document)) unless
either:

(i)            the Senior Administrative Agent has
given its consent; or

(ii)           (other than any increase to the cash
consideration payable pursuant to the Scheme above the amount specified in the
Scheme Press Release) to the extent required by the City Code, the Panel, the
OFT, the Competition Commission, the Court or any other court having relevant
jurisdiction or any other regulatory authority with whose direction the
Borrower or Bidco is required by law or in accordance with customary practice
should comply in respect of the Scheme.

(c)       Waive (and shall use reasonable efforts to ensure that
there is no waiver of) or declare or treat as satisfied any condition of the
Scheme unless:

(i)            such waiver, declaration or consent
would not be material and adverse to the interests of the Lenders; or

 94
 

(ii)           the Senior Administrative Agent has
given its consent; or

(iii)          to the extent required by the City
Code, the Panel, the OFT, the Competition Commission, the Court or any other
court of relevant jurisdiction or any other regulatory authority with whose
direction the Borrower or Bidco is required by law or in accordance with
customary practice should comply in respect of the Scheme.

8.18         Amendments to Offer.  If the Offer Conversion has occurred:

(a)       Take any action (and shall procure that no person
acting in concert with it takes any action) which will result in it becoming
obliged to make an offer for Constellation Shares under Rule 9 of the City
Code, unless consented to in writing by the Senior Administrative Agent;

(b)       Except as otherwise permitted in this Section 8.18 and
as otherwise agreed to in writing by the Senior Administrative Agent, amend
(and shall use reasonable endeavors to ensure that there is no amendment to)
the Offer (other than the acceptance condition (as provided in Section 6.2(b))
where any such amendment would be material and adverse to the interests of the
Lenders (including any increase to the cash consideration payable pursuant to
the Offer Document above the amount specified in the Offer Press Release
(including as a result of any open market purchase or privately negotiated
purchase at a higher price resulting in a mandatory increase in the cash
consideration payable pursuant to the Offer Document)) unless either:

(i)            the Senior Administrative Agent has
given its consent; or

(ii)           (other than any increase to the cash
consideration payable pursuant to the Offer Document above the amount specified
in the Offer Press Release) to the extent required by the City Code, the Panel,
the OFT, the Competition Commission, the Court or any other court having
relevant jurisdiction or any other regulatory authority with whose direction
the Borrower or Bidco is required by law or in accordance with customary
practice should comply in respect of such bid.

(c)       Waive (and shall use reasonable efforts to ensure that
there is no waiver of) or declare or treat as satisfied (or publish any
intention to declare or treat as satisfied) any condition of the Offer (other
than the acceptance condition (as provided in Section 6.2(b)) if the Panel
would allow the Offer to lapse as a result of the failure to satisfy that
condition unless:

 95
 

(i)            such waiver, declaration or consent
would not be material and adverse to the interests of the Lenders; or

(ii)           the Senior Administrative Agent has
given its consent; or

(iii)          to the extent required by the City
Code, the Panel, the OFT, the Competition Commission, the Court or any other
court of relevant jurisdiction or any other regulatory authority with whose
direction the Borrower or Bidco is required by law or in accordance with
customary practice should comply in respect of such bid.

8.19         Blocked Accounts.  Withdraw any amounts on deposit in any
Blocked Account except to (a) satisfy the terms of the Offer or Scheme and fund
a portion of the Acquisition consideration, (b) repay the Interim Loans or (c)
deposit such amounts in an Escrow Account.

SECTION 9.    EVENTS
OF DEFAULT

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

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

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

(c)       any Loan Party shall default in the observance or
performance of any agreement contained in clause (i) or (ii) of Section 7.4(a)
(with respect to the Borrower only), Section 7.7(a), Section 7.17 or Section 8
of this Agreement or Sections 5.5 and 5.7(b) of the Guarantee and Collateral
Agreement; or

(d)       any Loan Party shall default in the observance or
performance of any other agreement contained in this Agreement or any other
Loan Document (other than as provided in paragraphs (a) through (c) of this
Section), and such default shall continue

 96
 

unremedied
for a period of 30 days after notice to the Borrower from the Senior
Administrative Agent or the Required Lenders; or

(e)       any Group Member (i) defaults in making any payment of
any principal of any Indebtedness (including any Guarantee Obligation or Hedge
Agreement, but excluding the Loans) on the scheduled or original due date with
respect thereto; or (ii) defaults in making any payment of any interest on any
such Indebtedness beyond the period of grace, if any, provided in the
instrument or agreement under which such Indebtedness was created; or (iii)
defaults in the observance or performance of any other agreement or condition
relating to any such Indebtedness or contained in any instrument or agreement
evidencing, securing or relating thereto, or any other event shall occur or
condition exist, the effect of which default or other event or condition is to
cause, or to permit the holder or beneficiary of such Indebtedness (or a
trustee or agent on behalf of such holder or beneficiary) to cause, with the
giving of notice if required, such Indebtedness to become due prior to its
stated maturity or to become subject to a mandatory offer to purchase by the
obligor thereunder or (in the case of any such Indebtedness constituting a
Guarantee Obligation) to become payable; provided, that a default, event
or condition described in clause (i), (ii) or (iii) of this paragraph (e) shall
not at any time constitute an Event of Default unless, at such time, one or
more defaults, events or conditions of the type described in clauses (i), (ii)
and (iii) of this paragraph (e) shall have occurred and be continuing with
respect to Indebtedness the outstanding principal amount of which exceeds in
the aggregate $5,000,000; or

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

 97
 

any
jurisdiction in the United Kingdom or Ireland, ignoring the deeming provisions
of Section 123(1)(a) of the Insolvency Act 1986 and Section 214 of the
Companies Act, 1963 of Ireland; or

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

(h)       one or more judgments or decrees shall be entered
against any Group Member involving in the aggregate a liability (not paid or
fully covered by insurance as to which the relevant insurance company has
acknowledged coverage) of $5,000,000 or more, and all such judgments or decrees
shall not have been vacated, discharged, stayed or bonded pending appeal within
30 days from the entry thereof; or

(i)        any of the Security Documents shall cease, for any
reason, to be in full force and effect, or any Loan Party or any Affiliate of
any Loan Party shall so assert, or any Lien created by any of the Security
Documents shall cease to be enforceable and of the same effect and priority
purported to be created thereby; or any Loan Party shall so assert; or

(j)        the guarantee contained in Section 2 of the Guarantee
and Collateral Agreement shall cease, for any reason, to be in full force and
effect or any Loan Party or any Affiliate of any Loan Party shall so assert; or

(k)       (i) any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)) shall become, or obtain rights (whether by means
or warrants, options or otherwise) to become, the “beneficial owner” (as
defined in Rules 13(d)-3 and 13(d) 5 under the Exchange Act), directly or
indirectly, of more than 35% of the outstanding common stock of the Borrower;
or (ii) the board of directors of the Borrower shall cease to consist of a
majority of Continuing Directors;

 98
 

then, and in any such
event, subject to the provisions of Section 6.4 (Certain Funds), (A) if such
event is an Event of Default specified in clause (i) or (ii) of paragraph (f)
above with respect to the Borrower, automatically the Commitments shall
immediately terminate and the Loans hereunder (with accrued interest thereon)
and all other amounts owing under this Agreement and the other Loan Documents (including
all amounts of L/C Obligations, whether or not the beneficiaries of the then
outstanding Letters of Credit shall have presented the documents required
thereunder) shall immediately become due and payable, and (B) if such event is
any other Event of Default, either or both of the following actions may be
taken: (i) with the consent of the Required Lenders, the Senior Administrative
Agent may, or upon the request of the Required Lenders, the Senior
Administrative Agent shall, by notice to the Borrower declare the Revolving
Commitments to be terminated forthwith, whereupon the Revolving Commitments
shall immediately terminate; and (ii) with the consent of the Required Lenders,
the Senior Administrative Agent may, or upon the request of the Required
Lenders, the Senior Administrative Agent shall, by notice to the Borrower,
declare the Loans hereunder (with accrued interest thereon) and all other
amounts owing under this Agreement and the other Loan Documents (including all
amounts of L/C Obligations, whether or not the beneficiaries of the then
outstanding Letters of Credit shall have presented the documents required
thereunder) to be due and payable forthwith, whereupon the same shall
immediately become due and payable.  With
respect to all Letters of Credit with respect to which presentment for honor shall
not have occurred at the time of an acceleration pursuant to this paragraph,
the Borrower shall at such time deposit in a cash collateral account opened by
the Senior Administrative Agent an amount equal to the aggregate then undrawn
and unexpired amount of such Letters of Credit. 
Amounts held in such cash collateral account shall be applied by the Senior
Administrative Agent to the payment of drafts drawn under such Letters of
Credit, and the unused portion thereof after all such Letters of Credit shall
have expired or been fully drawn upon, if any, shall be applied to repay other
obligations of the Borrower hereunder and under the other Loan Documents and
any Specified Hedge Agreements.  After
all such Letters of Credit shall have expired or been fully drawn upon, all
Reimbursement Obligations shall have been satisfied and all other obligations
of the Borrower hereunder and under the other Loan Documents and any Specified
Hedge Agreements shall have been paid in full, the balance, if any, in such
cash collateral account shall be returned to the Borrower (or such other Person
as may be lawfully entitled thereto). 
Except as expressly provided above in this Section, presentment, demand,
protest and all other notices of any kind are hereby expressly waived by the
Borrower.

SECTION 10.    THE
AGENTS

10.1         Appointment.  (a) 
Each Lender (and, if applicable, each other Secured Party) hereby
irrevocably designates and appoints each Agent as the agent of such Lender
(and, if applicable, each other Secured Party) under this Agreement and the
other Loan Documents, and each such Lender (and, if applicable, each other
Secured Party) irrevocably authorizes such Agent, in such capacity, to take
such action on its behalf under the provisions of this Agreement and the other
Loan Documents and to exercise such powers and perform such duties as are
expressly delegated to such Agent by the terms of this Agreement and the other
Loan Documents, together with such other powers as are reasonably incidental
thereto.  Each Agent hereby accepts such
appointment.  Notwithstanding any
provision to the contrary elsewhere in this Agreement, no Agent shall have any
duties or responsibilities, except those expressly set forth herein, or any

 99
 

fiduciary relationship
with any Lender or other Secured Party, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against any Agent.

(b)       Each of the Secured Parties hereby irrevocable
designates and appoints Morgan Stanley Senior Funding, Inc. as Senior
Collateral Agent and security trustee of such Secured Party under this
Agreement and the other Loan Documents (in such capacity, the “Senior Collateral Agent”), and each such Secured Party irrevocably
authorizes the Senior Collateral Agent, in such capacity, to take such action
on its behalf as are necessary or advisable with respect to the Collateral
under this Agreement or any of the other Loan Documents, together with such
powers as are reasonably incidental thereto. 
The Senior Collateral Agent hereby accepts such appointment.

(c)       Each Lender acknowledges the terms of the Security
Trust Deed and, in particular, the terms, basis and limitation on which the
Senior Collateral Agent holds the Transaction Security (as defined therein) and
specifically agrees and accepts (i) such terms, basis and limitation; (ii) that
the Senior Collateral Agent shall, as trustee, have only those duties,
obligations and responsibilities expressly specified in the Security Trust
Deed; (iii) the limitation and exclusion of the Senior Collateral Agent’s
liability as set out therein; and (iv) all other provisions of the Security
Trust Deed as if it were a party thereto.

10.2         Delegation of Duties.  Each Agent may execute any of its duties
under this Agreement and the other Loan Documents by or through agents or
attorneys in fact and shall be entitled to advice of counsel concerning all
matters pertaining to such duties.  No
Agent shall be responsible for the negligence or misconduct of any agents or
attorneys in fact selected by it with reasonable care.

10.3         Exculpatory Provisions.  Neither any Agent nor any of their respective
officers, directors, employees, agents, attorneys in fact or affiliates shall
be (i) liable for any action lawfully taken or omitted to be taken by it or
such Person under or in connection with this Agreement or any other Loan
Document (except to the extent that any of the foregoing are found by a final
and nonappealable decision of a court of competent jurisdiction to have resulted
from its or such Person’s own gross negligence or willful misconduct) or (ii)
responsible in any manner to any of the Lenders or any other Secured Party for
any recitals, statements, representations or warranties made by any Loan Party
or any officer thereof contained in this Agreement or any other Loan Document
or any Specified Hedge Agreement or in any certificate, report, statement or
other document referred to or provided for in, or received by the Agents under
or in connection with, this Agreement or any other Loan Document or any
Specified Hedge Agreement or for the value, validity, effectiveness,
genuineness, enforceability or sufficiency of this Agreement or any other Loan
Document or any Specified Hedge Agreement or for any failure of any Loan Party
a party thereto to perform its obligations hereunder or thereunder.  The Agents shall not be under any obligation
to any Lender to ascertain or to inquire as to the observance or performance of
any of the agreements contained in, or conditions of, this Agreement or any
other Loan Document or any Specified Hedge Agreement, or to inspect the
properties, books or records of any Loan Party.

 100

10.4         Reliance by Agents.  Each Agent shall be entitled to rely, and
shall be fully protected in relying, upon any instrument, writing, resolution,
notice, consent, certificate, affidavit, letter, telecopy, telex or teletype
message, statement, order or other document or conversation believed by it to
be genuine and correct and to have been signed, sent or made by the proper
Person or Persons and upon advice and statements of legal counsel (including
counsel to the Borrower), independent accountants and other experts selected by
such Agent.  The Senior Administrative
Agent may deem and treat the payee of any Note as the owner thereof for all
purposes unless a written notice of assignment, negotiation or transfer thereof
shall have been filed with the Senior Administrative Agent.  Each Agent shall be fully justified in
failing or refusing to take any action under this Agreement or any other Loan
Document unless it shall first receive such advice or concurrence of the
Required Lenders (or, if so specified by this Agreement, all Lenders) as it
deems appropriate or it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense that may be incurred by it by
reason of taking or continuing to take any such action.  The Agents shall in all cases be fully
protected in acting, or in refraining from acting, under this Agreement and the
other Loan Documents in accordance with a request of the Required Lenders (or,
if so specified by this Agreement, all Lenders), and such request and any
action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and all future holders of the Loans and all other Secured Parties.

10.5         Notice of Default.  No Agent shall be deemed to have knowledge or
notice of the occurrence of any Default or Event of Default hereunder unless
such Agent has received notice from a Lender or the Borrower referring to this
Agreement, describing such Default or Event of Default and stating that such
notice is a “notice of default”.  In the
event that the Senior Administrative Agent receives such a notice, the Senior
Administrative Agent shall give notice thereof to the Lenders.  The Senior Administrative Agent shall take
such action with respect to such Default or Event of Default as shall be reasonably
directed by the Required Lenders (or, if so specified by this Agreement, all
Lenders or any other instructing group of Lenders specified by this Agreement);
provided that unless and until the Senior Administrative Agent shall
have received such directions, the Senior Administrative Agent may (but shall
not be obligated to) take such action, or refrain from taking such action, with
respect to such Default or Event of Default as it shall deem advisable in the
best interests of the Secured Parties.

10.6         Non Reliance on Agents
and Other Lenders.  Each Lender (and,
if applicable, each other Secured Party) expressly acknowledges that neither
the Agents nor any of their respective officers, directors, employees, agents,
attorneys in fact or affiliates have made any representations or warranties to
it and that no act by any Agent hereafter taken, including any review of the
affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to
constitute any representation or warranty by any Agent to any Lender or any
other Secured Party.  Each Lender (and,
if applicable, each other Secured Party) represents to the Agents that it has,
independently and without reliance upon any Agent or any other Lender or any
other Secured Party, and based on such documents and information as it has
deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their affiliates and made its own
decision to make its Loans hereunder and enter into this Agreement or any
Specified Hedge Agreement.  Each Lender
(and, if applicable, each other Secured Party) also represents that it will,
independently and without reliance upon any Agent or any other Lender or any other
Secured Party, and based on such documents and information as it shall deem
appropriate at the time,

 101
 

continue to make its own
credit analysis, appraisals and decisions in taking or not taking action under
this Agreement and the other Loan Documents or any Specified Hedge Agreement,
and to make such investigation as it deems necessary to inform itself as to the
business, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their affiliates.  Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the Senior
Administrative Agent hereunder, the Senior Administrative Agent shall not have
any duty or responsibility to provide any Lender or any other Secured Party
with any credit or other information concerning the business, operations,
property, condition (financial or otherwise), prospects or creditworthiness of
any Loan Party or any affiliate of a Loan Party that may come into the
possession of the Senior Administrative Agent or any of its officers,
directors, employees, agents, attorneys in fact or affiliates.

10.7         Indemnification.  The Lenders agree to indemnify each Agent in
its capacity as such (to the extent not reimbursed by the Borrower and without
limiting the obligation of the Borrower to do so), ratably according to their
respective Aggregate Exposure Percentages in effect on the date on which
indemnification is sought under this Section (or, if indemnification is sought
after the date upon which the Commitments shall have terminated and the Loans
shall have been paid in full, ratably in accordance with such Aggregate
Exposure Percentages immediately prior to such date), from and against any and
all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind whatsoever that may at any
time (whether before or after the payment of the Loans) be imposed on, incurred
by or asserted against such Agent in any way relating to or arising out of, the
Commitments, this Agreement, any of the other Loan Documents, any Specified
Hedge Agreement or any documents contemplated by or referred to herein or
therein or the transactions contemplated hereby or thereby or any action taken
or omitted by such Agent under or in connection with any of the foregoing; provided
that no Lender shall be liable for the payment of any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements that are found by a final and
nonappealable decision of a court of competent jurisdiction to have resulted
from such Agent’s gross negligence or willful misconduct.  The agreements in this Section shall survive
the payment of the Loans and all other amounts payable hereunder.

10.8         Agent in Its
Individual Capacity.  Each Agent and
its affiliates may make loans to, accept deposits from and generally engage in
any kind of business with any Loan Party as though such Agent were not an
Agent.  With respect to its Loans made or
renewed by it and with respect to any Letter of Credit issued or participated
in by it, each Agent shall have the same rights and powers under this Agreement
and the other Loan Documents as any Lender and may exercise the same as though
it were not an Agent, and the terms “Lender”, “Lenders”, “Secured Party” and “Secured
Parties” shall include each Agent in its individual capacity.

10.9         Successor Agents.  (a) 
The Senior Administrative Agent and the Senior Collateral Agent may
resign as Senior Administrative Agent and Senior Collateral Agent,
respectively, upon 30 days’ notice to the Lenders and the Borrower.  If the Senior Administrative Agent or Senior
Collateral Agent, as applicable, shall resign as Senior Administrative Agent or
Senior Collateral Agent, as applicable, under this Agreement and the other Loan
Documents, then the Required Lenders shall appoint from among the Lenders a
successor agent for the Lenders, which successor agent shall (unless an Event
of Default under Section 9(a) or Section 9(f)

 102
 

with respect to the
Borrower shall have occurred and be continuing) be subject to approval by the
Borrower (which approval shall not be unreasonably withheld or delayed),
whereupon such successor agent shall succeed to the rights, powers and duties
of the Senior Administrative Agent or Senior Collateral Agent, as applicable,
and the term “Senior Administrative Agent” or “Senior Collateral Agent,” as
applicable, shall mean such successor agent effective upon such appointment and
approval, and the former Senior Administrative Agent’s, or Senior Collateral
Agent’s, as applicable, rights, powers and duties as Senior Administrative
Agent or Senior Collateral Agent, as applicable, shall be terminated, without
any other or further act or deed on the part of such former Senior
Administrative Agent or Senior Collateral Agent, as applicable, or any of the
parties to this Agreement or any holders of the Loans.  If no successor agent has accepted
appointment as Senior Administrative Agent or Senior Collateral Agent, as
applicable, by the date that is 30 days following a retiring Senior
Administrative Agent’s or Senior Collateral Agent’s, as applicable, notice of
resignation, the retiring Senior Administrative Agent’s or Senior Collateral
Agent’s, as applicable, resignation shall nevertheless thereupon become
effective and the Lenders shall assume and perform all of the duties of the Senior
Administrative Agent or Senior Collateral Agent, as applicable, hereunder until
such time, if any, as the Required Lenders appoint a successor agent as
provided for above.  After any retiring Senior
Administrative Agent’s or Senior Collateral Agent’s, as applicable, resignation
as Senior Administrative Agent or Senior Collateral Agent, as applicable, the
provisions of this Section 10 shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Senior Administrative Agent or Senior
Collateral Agent, as applicable, under this Agreement and the other Loan
Documents.

(b)       The Syndication Agent may, at any time, by notice to
the Lenders and the Senior Administrative Agent, resign as Syndication Agent
hereunder, whereupon the duties, rights, obligations and responsibilities of
the Syndication Agent hereunder shall automatically be assumed by, and inure to
the benefit of, the Senior Administrative Agent, without any further act by the
Syndication Agent, the Senior Administrative Agent or any Lender.

10.10       Agents Generally.  Except as expressly set forth herein, no
Agent shall have any duties or responsibilities hereunder in its capacity as
such.

10.11       The Lead Arranger.  The Lead Arranger, in its capacity as such,
shall have no duties or responsibilities, and shall incur no liability, under
this Agreement and other Loan Documents.

SECTION 11.    MISCELLANEOUS

11.1         Amendments and Waivers.  Neither this Agreement, any other Loan
Document, nor any terms hereof or thereof may be amended, supplemented or
modified except in accordance with the provisions of this Section 11.1.  The Required Lenders and each Loan Party
party to the relevant Loan Document may, or, with the written consent of the
Required Lenders, the Senior Administrative Agent and each Loan Party party to
the relevant Loan Document may, from time to time, (a) enter into written
amendments, supplements or modifications hereto and to the other Loan Documents
for the purpose of adding any provisions

 103
 

to this Agreement or the
other Loan Documents or changing in any manner the rights of the Lenders or of
the Loan Parties hereunder or thereunder or (b) waive, on such terms and
conditions as the Required Lenders or the Senior Administrative Agent, as the
case may be, may specify in such instrument, any of the requirements of this
Agreement or the other Loan Documents or any Default or Event of Default and
its consequences; provided, however, that no such waiver and no
such amendment, supplement or modification shall (i) forgive the principal
amount or extend the final scheduled date of maturity of any Loan, extend the
scheduled date of any amortization payment in respect of any Term Loan, reduce
the stated rate of any interest or fee payable hereunder (except (x) in
connection with the waiver of applicability of any post-default increase in
interest rates, which waiver shall be effective with the consent of the
Majority Facility Lenders of each adversely affected Facility and (y) that any
amendment or modification of the financial covenants or defined terms used in
the financial covenants in this Agreement shall not constitute a reduction in
the rate of interest or fees for purposes of this clause (i)) or extend the
scheduled date of any payment thereof, or increase the amount or extend the
expiration date of any Lender’s Revolving Commitment or amend, modify or waive
any provision of Section 4.8, in each case without the written consent of each
Lender directly affected thereby; (ii) eliminate or reduce the voting rights of
any Lender under this Section 11.1 without the written consent of such Lender;
(iii) reduce any percentage specified in the definition of Required Lenders,
consent to the assignment or transfer by the Borrower of any of its rights and
obligations under this Agreement and the other Loan Documents, release all or
substantially all of the Collateral, release all or substantially all of the
Guarantors from their obligations under the Guarantee and Collateral Agreement
or amend clause (a)(i), (b)(iii) or (c)(iii) of the definition of Certain Funds
Period, in each case without the written consent of all Lenders; (iv) amend,
modify or waive any condition precedent to any extension of credit under the
Revolving Facility set forth in Section 6.3 (including in connection with any
waiver of an existing Default or Event of Default) without the written consent
of the Majority Facility Lenders with respect to the Revolving Facility; (v)
reduce the percentage specified in the definition of Majority Facility Lenders with
respect to any Facility without the written consent of all Lenders under such
Facility; (vi) amend, modify or waive any provision of Section 10 without the
written consent of each Agent adversely affected thereby; (vii) amend, modify
or waive any provision of Section 11.6 to further restrict any Lender’s ability
to assign or otherwise transfer its obligations hereunder without the written
consent of all Lenders; (viii) amend, modify or waive any provision of Section
3.3 or 3.4 without the written consent of the Swingline Lender; (ix) amend,
modify or waive any provision of Sections 3.7 to 3.14 without the written
consent of the Issuing Lender and (x) amend, modify or waive (A) any provision
of any Loan Document so as to alter the ratable treatment of the Borrower Hedge
Agreement Obligations and Borrower Credit Agreement Obligations or (B) the
definition of “Qualified Counterparty,” “Specified Hedge Agreement,” “Senior Obligations,”
or “Borrower Hedge Agreement Obligations,” in each case in a manner adverse to
any Qualified Counterparty with Senior Obligations then outstanding without the
written consent of any such Qualified Counterparty.  Any such waiver and any such amendment,
supplement or modification shall apply equally to each of the Lenders and shall
be binding upon the Loan Parties, the Lenders, the Agents and all future
holders of the Loans.  In the case of any
waiver, the Loan Parties, the Lenders and the Agents shall be restored to their
former position and rights hereunder and under the other Loan Documents, and
any Default or Event of Default waived shall be deemed to be cured and not
continuing; but no such waiver

 104
 

shall extend to any
subsequent or other Default or Event of Default, or impair any right consequent
thereon.

Notwithstanding the foregoing, this Agreement may be amended (or
amended and restated) with the written consent of the Required Lenders, the Senior
Administrative Agent and the Borrower (a) to add one or more additional credit
facilities to this Agreement and to permit the extensions of credit from time
to time outstanding thereunder and the accrued interest and fees in respect
thereof (collectively, the “Additional Extensions of Credit”) to share ratably in the benefits of this
Agreement and the other Loan Documents with the Term Loans and Revolving
Extensions of Credit and the accrued interest and fees in respect thereof and
(b) to include appropriately the Lenders holding such credit facilities in any
determination of the Required Lenders and Majority Facility Lenders.

In addition, notwithstanding the foregoing, this Agreement may be
amended with the written consent of the Senior Administrative Agent, the
Borrower and the Lenders providing the relevant Replacement Term Loans (as
defined below) to permit the refinancing of all outstanding Term Loans (“Refinanced Term Loans”) with a replacement term loan tranche hereunder (“Replacement Term Loans”), provided that (a) the aggregate principal
amount of such Replacement Term Loans shall not exceed the aggregate principal
amount of such Refinanced Term Loans, (b) the Applicable Margin for such
Replacement Term Loans shall not be higher than the Applicable Margin for such
Refinanced Term Loans, (c) the weighted average life to maturity of such
Replacement Term Loans shall not be shorter than the weighted average life to
maturity of such Refinanced Term Loans at the time of such refinancing and (d)
all other terms applicable to such Replacement Term Loans shall be
substantially identical to, or less favorable to the Lenders providing such
Replacement Term Loans than, those applicable to such Refinanced Term Loans,
except to the extent necessary to provide for covenants and other terms
applicable to any period after the latest final maturity of the Term Loans in
effect immediately prior to such refinancing.

Notwithstanding anything to the contrary herein, no Defaulting Lender
shall have any right to approve or disapprove any amendment, waiver or consent hereunder,
except that the Commitment of such Lender may not be increased or extended
without the consent of such Lender.

11.2         Notices.  (a) 
All notices and other communications provided for hereunder shall be
either (i) in writing (including telecopy or e-mail communication) and mailed,
telecopied or delivered or (ii) as and to the extent set forth in Section 11.2(b)
and in the proviso to this Section 11.2(a), in an electronic medium and as
delivered as set forth in Section 11.2(b) if to the Borrower, at its address at
10240 Sorrento Valley Road, San Diego, CA 92121, Attention: Chief Financial
Officer; if to the Senior Collateral Agent, at its address at One Pierrepont
Plaza, 7th Floor, 300 Cadman Plaza West, Brooklyn, NY 11201, Attention: Erma
Dell’Aquila , E-mail Address: Erma.Dell’Aquila@morganstanley.com, with a copy
to Morgan Stanley Senior Funding, Inc., 1585 Broadway, New York, NY 10036,
Attention: Edward Henley, E-mail Address: Edward.Henley@morganstanley.com; and
if to the Senior Administrative Agent, at its

 105
 

address at One Pierrepont
Plaza, 7th Floor, 300 Cadman Plaza West, Brooklyn, NY 11201, Attention: Erma
Dell’Aquila, E-mail Address: Erma.Dell’Aquila@morganstanley.com, with a copy to
Morgan Stanley Senior Funding, Inc., 1585 Broadway, New York, NY 10036,
Attention: Edward Henley, E-mail Address: Edward.Henley@morganstanley.com; or,
as to any party, at such other address as shall be designated by such party in
a written notice to the other parties; provided, however, that
materials and information described in Section 11.2(b) shall be delivered to
the Senior Administrative Agent in accordance with the provisions thereof or as
otherwise specified to the Borrower by the Senior Administrative Agent.  All such notices and other communications
shall, when mailed, be effective four days after having been mailed, and when
telecopied or E-mailed, be effective when properly transmitted, except that
notices and communications to any Agent pursuant to Sections 2, 3, 4, 6 and 10
shall not be effective until received by such Agent. Delivery by telecopier of
an executed counterpart of a signature page to any amendment or waiver of any
provision of this Agreement or the Notes or of any Exhibit hereto to be
executed and delivered hereunder shall be effective as delivery of an original
executed counterpart thereof.

(b)       The Borrower hereby agrees that it will provide to the
Senior Administrative Agent all information, documents and other materials that
it is obligated to furnish to the Senior Administrative Agent pursuant to the
Loan Documents, including, without limitation, all notices, requests, financial
statements, financial and other reports, certificates and other information
materials, but excluding any such communication that (i) relates to a request
for a new, or a conversion of an existing, borrowing or other extension of
credit (including any election of an interest rate or interest period relating
thereto), (ii) relates to the payment of any principal or other amount due
under this Agreement prior to the scheduled date therefor, (iii) provides
notice of any default or event of default under this Agreement or (iv) is
required to be delivered to satisfy any condition precedent to the
effectiveness of this Agreement and/or any borrowing or other extension of credit
hereunder (all such non-excluded communications being referred to herein
collectively as “Communications”), by transmitting the Communications in an
electronic/soft medium in a format acceptable to the Senior Administrative
Agent to an electronic address specified by the Senior Administrative Agent to
the Borrower. In addition, the Borrower agrees to continue to provide the
Communications to the Agents in the manner specified in the Loan Documents but
only to the extent requested by the Senior Administrative Agent.  The Borrower further agrees that the Senior
Administrative Agent may make the Communications available to the Lenders by
posting the Communications on Intralinks or a substantially similar secure
electronic transmission system (the “Platform”).

(c)       THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”.
THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR
COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND
EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT
LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE
DEFECTS, IS MADE BY THE AGENT PARTIES IN CONNECTION WITH

 106
 

THE
COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL THE SENIOR ADMINISTRATIVE
AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE OFFICERS, DIRECTORS,
EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES (COLLECTIVELY, “AGENT PARTIES”) HAVE ANY LIABILITY TO THE BORROWER, ANY LENDER
PARTY OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING, WITHOUT
LIMITATION, DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES,
LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF THE
BORROWER’S OR THE SENIOR ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS
THROUGH THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY AGENT PARTY IS
FOUND IN A FINAL NON-APPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION
TO HAVE RESULTED PRIMARILY FROM SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT.

The Senior Administrative Agent agrees that the receipt of the
Communications by the Senior Administrative Agent at its e-mail address set
forth above shall constitute effective delivery of the Communications to the Senior
Administrative Agent for purposes of the Loan Documents. Each Lender agrees
that notice to it (as provided in the next sentence) specifying that the Communications
have been posted to the Platform shall constitute effective delivery of the
Communications to such Lender for purposes of the Loan Documents. Each Lender
agrees to notify the Senior Administrative Agent in writing (including by
electronic communication) from time to time of such Lender’s e-mail address to
which the foregoing notice may be sent by electronic transmission and (ii) that
the foregoing notice may be sent to such e-mail address. Nothing herein shall
prejudice the right of the Senior Administrative Agent or any Lender to give
any notice or other communication pursuant to any Loan Document in any other
manner specified in such Loan Document.

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

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

11.5         Payment of Expenses
and Taxes.  The Borrower agrees (a)
to pay or reimburse each Agent for all its reasonable out of pocket costs and
expenses incurred in connection with the development, preparation and execution
of, and any amendment, supplement or modification to, this Agreement and the
other Loan Documents and any other documents prepared in connection herewith or
therewith, and the consummation and administration of the

 107
 

transactions contemplated
hereby and thereby, including the reasonable fees and disbursements of counsel
to such Agent and filing and recording fees and expenses, with statements with
respect to the foregoing to be submitted to the Borrower (i) prior to the
Effective Date (in the case of amounts to be paid on the Effective Date), (ii)
prior to the Funding Date (in the case of amounts to be paid on the Funding
Date) and (iii) from time to time thereafter on a quarterly basis or such other
periodic basis as such Agent shall deem appropriate, (b) to pay or reimburse
each Lender and Agent for all its costs and expenses incurred in connection
with the enforcement or preservation of any rights under this Agreement, the
other Loan Documents and any such other documents, including the fees, charges
and disbursements of counsel (including the allocated fees and expenses of
in-house counsel) to each Lender and of counsel to such Agent, (c) to pay,
indemnify, and hold each Lender and Agent harmless from, any and all recording
and filing fees and any and all liabilities with respect to, or resulting from
any delay in paying, stamp, excise and other taxes, if any, that may be payable
or determined to be payable in connection with the execution and delivery of,
or consummation or administration of any of the transactions contemplated by,
or any amendment, supplement or modification of, or any waiver or consent under
or in respect of, this Agreement, the other Loan Documents and any such other
documents, and (d) to pay, indemnify, and hold each Lender and Agent and their
respective officers, directors, employees, affiliates, agents and controlling
persons (each, an “Indemnitee”) harmless from and against any and all other
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, the other Loan Documents (regardless of whether any Loan
Party is or is not a party to any such actions or suits) and any such other
documents, including any of the foregoing relating to the use of proceeds of
the Loans or the violation of, noncompliance with or liability under, any
Environmental Law applicable to the operations of any Group Member or any of
the Properties and the reasonable fees and expenses of legal counsel in
connection with claims, actions or proceedings by any Indemnitee against any
Loan Party under any Loan Document (all the foregoing in this clause (d),
collectively, the “Indemnified
Liabilities”), provided,
that the Borrower shall have no obligation hereunder to any Indemnitee with
respect to Indemnified Liabilities to the extent such Indemnified Liabilities
are found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from the gross negligence or willful misconduct
of such Indemnitee.  Without limiting the
foregoing, and to the extent permitted by applicable law, the Borrower agrees
not to assert and to cause its Subsidiaries not to assert, and hereby waives
and agrees to cause its Subsidiaries to waive, all rights for contribution or
any other rights of recovery with respect to all claims, demands, penalties,
fines, liabilities, settlements, damages, costs and expenses of whatever kind
or nature, under or related to Environmental Laws, that any of them might have
by statute or otherwise against any Indemnitee. 
All amounts due under this Section 11.5 shall be payable not later than
10 days after written demand therefor. 
Statements payable by the Borrower pursuant to this Section 11.5 shall
be submitted to the Chief Financial Officer (Telephone No. (858) 320-8081)
(Telecopy No. (858) 784-4081), at the address of the Borrower set forth in
Section 11.2, or to such other Person or address as may be hereafter designated
by the Borrower in a written notice to the Senior Administrative Agent.  The agreements in this Section 11.5 shall
survive repayment of the Term Loans and all other amounts payable hereunder.

11.6         Successors and
Assigns; Participations and Assignments. 
(a)  The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto

 108
 

and their respective
successors and assigns permitted hereby (including any affiliate of the Issuing
Lender that issues any Letter of Credit), except that (i) the Borrower may not
assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of each Lender (and any attempted assignment or
transfer by the Borrower without such consent shall be null and void) and (ii)
no Lender may assign or otherwise transfer its rights or obligations hereunder
except in accordance with this Section.

(b)           (i) 
Subject to the conditions set forth in paragraph (b)(ii) below, any
Lender may assign to one or more assignees (each, an “Assignee”) all
or a portion of its rights and obligations under this Agreement (including all
or a portion of its Commitments and the Term Loans at the time owing to it) with
the prior written consent (such consent not to be unreasonably withheld,
delayed or conditioned of):

(A)          the Borrower, provided that no consent of the
Borrower shall be required for an (x) assignment to a Lender, an affiliate of a
Lender, an Approved Fund of a Lender or, if an Event of Default has occurred
and is continuing, any other Person and (y) any assignment by the Senior
Administrative Agent (or its affiliates) to an Eligible Assignee prior to a
Successful Syndication; and

(B)           the Senior Administrative Agent, provided that
no consent of the Senior Administrative Agent shall be required for (x) an
assignment to an Assignee that is a Lender immediately prior to giving effect
to such assignment, except in the case of an assignment of a Revolving Commitment
to an Assignee that does not already have a Revolving Commitment, (y) any
assignment by the Senior Administrative Agent (or its affiliates) or (z) any
assignment of Term Loans; and

(C)           in the case of any assignment of a Revolving
Commitment, the Issuing Lender and the Swingline Lender.

(ii)           Assignments shall be subject to the following additional
conditions:

(A)          except in the case of an assignment to a Lender, an
affiliate of a Lender or an Approved Fund of a Lender, an assignment effected
by the Senior Administrative Agent in connection with the initial syndication
of the Commitments or an assignment of the entire remaining amount of the
assigning Lender’s Commitments or Loans under any Facility, the amount of the
Commitments or Loans of the assigning Lender subject to each such assignment
(determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Senior

 109
 

Administrative
Agent) shall not be less than $1,000,000 (in the case of the Term Commitments
or Term Loans) or $5,000,000 (in the case of the Revolving Commitments or
Revolving Loans) unless each of the Borrower and the Senior Administrative
Agent otherwise consent, provided that (1) no such consent of the
Borrower shall be required if an Event of Default has occurred and is
continuing and (2) such amounts shall be aggregated in respect of each Lender
and its affiliates or Approved Funds, if any;

(B)           except in the case of assignments pursuant to clause
(iii) below, the parties to each assignment shall execute and deliver to the Senior
Administrative Agent an Assignment and Assumption, together with a processing
and recordation fee of $3,500 (it being understood that payment of only one
processing fee shall be required in connection with simultaneous assignments to
two or more Approved Funds);

(C)           except in the case of assignments pursuant to clause
(iii) below, the Assignee, if it shall not be a Lender, shall deliver to the Senior
Administrative Agent an administrative questionnaire; and

(iii)          Notwithstanding anything in this Section 11.6 to the
contrary, a Lender may assign any or all of its rights hereunder to an
Affiliate of such Lender or an Approved Fund of such Lender without (a)
providing any notice (including, without limitation, any administrative questionnaire)
to the Senior Administrative Agent or any other Person or (b) delivering an
executed Assignment and Assumption to the Senior Administrative Agent, provided
that (A) such assigning Lender shall remain solely responsible to the other
parties hereto for the performance of its obligations under this Agreement, (B)
the Borrower, the Senior Administrative Agent, the Issuing Lender and the other
Lenders shall continue to deal solely and directly with such assigning Lender
in connection with such assigning Lender’s rights and obligations under this
Agreement until an Assignment and Assumption and an administrative
questionnaire have been delivered to the Senior Administrative Agent, (C) the
failure of such assigning Lender to deliver an Assignment and Assumption or
administrative questionnaire to the Senior Administrative Agent or any other
Person shall not affect the legality, validity or binding effect of such
assignment and (D) an Assignment and Assumption between an assigning Lender and
its Affiliate or Approved Fund shall be effective as of the date specified in
such Assignment and Assumption.

(iv)          Except as otherwise provided in clause (iii) above,
subject to acceptance and recording thereof pursuant to paragraph (b)(v) below,
from and after the effective date specified in each Assignment and Assumption
the Assignee thereunder shall be a party hereto and, to the extent of the
interest assigned by such Assignment and Assumption, have the rights and
obligations of

 110
 

a Lender
under this Agreement, and the assigning Lender thereunder shall, to the extent
of the interest assigned by such Assignment and Assumption, be released from
its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto but shall continue
to be entitled to the benefits of Sections 4.9, 4.10, 4.11 and 11.5).  Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this
Section 11.6 shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with
paragraph (c) of this Section.

(v)           The Senior Administrative Agent, acting for this
purpose as an agent of the Borrower, shall maintain at one of its offices a
copy of each Assignment and Assumption delivered to it and a register for the
recordation of the names and addresses of the Lenders, and the Commitments of,
and principal amount of the Loans and L/C Obligations owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”).  Subject to the penultimate sentence of this
Section 11.6(b)(v), the entries in the Register shall be conclusive, and the
Borrower, the Senior Administrative Agent, the Issuing Lender and the Lenders
may treat each Person whose name is recorded in the Register pursuant to the
terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. 
In the case of an assignment to an Affiliate or an Approved Fund of a
Lender pursuant to Section 11.6(b)(iii), as to which an Assignment and
Assumption and an administrative questionnaire are not delivered to the Senior
Administrative Agent, the assigning Lender shall, acting solely for this
purpose as a non-fiduciary agent of the Borrower, maintain a register (a “Related Party Register”) comparable to the Register on behalf of the
Borrower.  The Register or Related Party
Register shall be available for inspection by the Borrower, the Issuing Lender
and any Lender, at any reasonable time and from time to time upon reasonable
prior notice.

(vi)          Except as otherwise provided in clause (iii) above,
upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an Assignee, the Assignee’s completed administrative
questionnaire (unless the Assignee shall already be a Lender hereunder), the
processing and recordation fee referred to in paragraph (b) of this Section and
any written consent to such assignment required by paragraph (b) of this
Section, the Senior Administrative Agent shall accept such Assignment and
Assumption and record the information contained therein in the Register.  Except as otherwise provided in clause (iii)
above, no assignment shall be effective for purposes of this Agreement unless
and until it has been recorded in the Register (or, in the case of an
assignment pursuant to clause (iii) above, the applicable Related Party
Register) as provided in this Section 11.6(b).

 111
 

(c)       (i)  Any Lender
may, without the consent of the Borrower or the Senior Administrative Agent,
sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and
obligations under this Agreement (including all or a portion of its Commitments
and the Loans owing to it); provided that (A) such Lender’s obligations
under this Agreement shall remain unchanged, (B) such Lender shall remain
solely responsible to the other parties hereto for the performance of such
obligations and (C) the Borrower, the Senior Administrative Agent, the Issuing
Lender and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this
Agreement.  Any agreement pursuant to
which a Lender sells such a participation shall provide that such Lender shall
retain the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that
such agreement may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, modification or waiver that (1)
requires the consent of each Lender directly affected thereby pursuant to the
proviso to the second sentence of Section 11.1 and (2) directly affects such
Participant.  Subject to paragraph
(c)(ii) of this Section, the Borrower agrees that each Participant shall be
entitled to the benefits of Sections 4.9, 4.10 and 4.11 to the same extent as
if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section.  To the
extent permitted by law, each Participant also shall be entitled to the
benefits of Section 11.7(b) as though it were a Lender, provided such
Participant shall be subject to Section 11.7(a) as though it were a Lender.

(ii)           A Participant shall not be entitled to receive any
greater payment under Section 4.9 or 4.10 than the applicable Lender would have
been entitled to receive with respect to the participation sold to such
Participant, unless the sale of the participation to such Participant is made
with the Borrower’s prior written consent. 
Any Participant that is a Non-U.S. Lender shall not be entitled to the
benefits of Section 4.10 unless such Participant complies with Section 4.10(d).

(d)       Any Lender may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank or any other Person and may sell or
securitize such obligations, and this Section shall not apply to any such
pledge or assignment of a security interest or to any such sale or
securitization; provided that no such pledge or assignment of a security
interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or Assignee for such Lender as a party hereto.  In addition, notwithstanding anything to the
contrary contained herein, any Lender that is a Fund may (without the consent
of or notice to the Senior Administrative Agent or the Borrower) grant a
security interest in all or any portion of the Loans owing to it and the Notes
(if any) held by it to the trustee or other representative of holders of
obligations owed, or securities issued, by such Fund as security for such
obligations or securities, provided that unless and until such trustee
or other representative actually becomes a Lender in compliance with the other
provisions of this Section, (i) no such pledge shall release the pledging
Lender from any of its obligations under this Agreement and (ii) such trustee
or other representative shall not be entitled to exercise any of the rights of
a Lender under this Agreement and the Notes (if any) even though such trustee
may

 112
 

have
acquired ownership rights with respect to the pledged interest through
foreclosure or otherwise.

(e)       The Borrower, upon receipt of written notice from the
relevant Lender, agrees to issue Notes to any Lender requiring Notes to
facilitate transactions of the type described in paragraph (d) above.

(f)        Notwithstanding the foregoing, any Conduit Lender may
assign any or all of the Loans it may have funded hereunder to its designating
Lender without the consent of the Borrower or the Senior Administrative Agent
and without regard to the limitations set forth in Section 11.6(b).  Each of the Borrower, each Lender and the Senior
Administrative Agent hereby confirms that it will not institute against a
Conduit Lender or join any other Person in instituting against a Conduit Lender
any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceeding under any state bankruptcy or similar law, for one year and one day
after the payment in full of the latest maturing commercial paper note issued
by such Conduit Lender; provided, however, that each Lender
designating any Conduit Lender hereby agrees to indemnify, save and hold
harmless each other party hereto for any loss, cost, damage or expense arising
out of its inability to institute such a proceeding against such Conduit Lender
during such period of forbearance.

(g)       Notwithstanding the foregoing, any assignments by the
Senior Administrative Agent and the Documentation Agent of their Loans and
Commitments hereunder prior to a Successful Syndication shall be made on a pro
rata basis between the Senior Administrative Agent (or its Affiliates) and the
Documentation Agent (or its Affiliates).

11.7         Adjustments; Set off.  (a) 
Except to the extent that this Agreement expressly provides for payments
to be allocated to a particular Lender or to the Lenders under a particular
Facility, if any Lender (a “Benefitted Lender”)
shall, at any time after the Loans and other amounts payable hereunder shall
immediately become due and payable pursuant to Section 9, receive any payment
of all or part of the Senior Obligations owing to it, or receive any collateral
in respect thereof (whether voluntarily or involuntarily, by set off, pursuant
to events or proceedings of the nature referred to in Section 9(f), or
otherwise), in a greater proportion than any such payment to or collateral
received by any other Lender, if any, in respect of the Senior Obligations
owing to such other Lender, such Benefitted Lender shall purchase for cash from
the other Lenders a participating interest in such portion of the Senior Obligations
owing to each such other Lender, or shall provide such other Lenders with the
benefits of any such collateral, as shall be necessary to cause such Benefitted
Lender to share the excess payment or benefits of such collateral ratably with
each of the Lenders; provided, however, that if all or any
portion of such excess payment or benefits is thereafter recovered from such
Benefitted Lender, such purchase shall be rescinded, and the purchase price and
benefits returned, to the extent of such recovery, but without interest.

(b)       In addition to any rights and remedies of the Lenders
provided by law, but subject to Section 6.4(b), each Lender shall have the
right, without prior notice to the

 113
 

Borrower,
any such notice being expressly waived by the Borrower to the extent permitted
by applicable law, upon any amount becoming due and payable by the Borrower
hereunder (whether at the stated maturity, by acceleration or otherwise), to
set off and appropriate and apply against such amount any and all deposits
(general or special, time or demand, provisional or final), in any currency,
and any other credits, indebtedness or claims, in any currency, in each case
whether direct or indirect, absolute or contingent, matured or unmatured, at
any time held or owing by such Lender or any branch or agency thereof to or for
the credit or the account of the Borrower, as the case may be.  Each Lender agrees promptly to notify the
Borrower and the Senior Administrative Agent after any such setoff and
application made by such Lender, provided that the failure to give such
notice shall not affect the validity of such setoff and application.

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

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

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

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

11.12       Submission To Jurisdiction;
Waivers.  The Borrower 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 sitting in the borough of Manhattan, the courts of the United
States for the Southern District of New York, and appellate courts from any
thereof;

 114
 

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

(c)       agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to the
Borrower at its address set forth in Section 11.2 or at such other address of
which the Senior 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.

11.13       Acknowledgments.  The Borrower hereby acknowledges that:

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

(b)       no Agent or Lender has any fiduciary relationship with
or duty to the Borrower arising out of or in connection with this Agreement or
any of the other Loan Documents, and the relationship between the Agents and
Lenders, on one hand, and the Borrower, 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 Borrower and the Lenders.

11.14       Releases of Guarantees
and Liens; Termination.  (a)  Notwithstanding anything to the contrary
contained herein or in any other Loan Document, each of the Senior
Administrative Agent and the Senior Collateral Agent is hereby irrevocably
authorized by each Secured Party (without requirement of notice to or consent
of any Secured Party except as expressly required by Section 11.1) to take any
action requested by the Borrower having the effect of releasing any Collateral
or guarantee obligations (i) to the extent necessary to permit consummation of
any transaction not prohibited by any Loan Document (including, without
limitation, the release of any Guarantor from its obligations if such Person
ceases to be a Subsidiary as a result of a transaction permitted hereunder) or
that has been consented to in

 115
 

accordance with Section
11.1 or (ii) under the circumstances described in paragraph (b) below.  The Lenders irrevocably authorize the Senior
Administrative Agent and Senior Collateral Agent, at their option and in their
discretion, to subordinate any Lien on any property granted to or held by
either of them under any Loan Document to the holder of any Lien on such
property that is permitted by Section 8.3(g).

(b)       At such time as (i) the Loans, the Reimbursement Obligations
and the other Senior Obligations (other than Unasserted Contingent Obligations
and obligations (other than Unasserted Contingent Obligations) under or in
respect of Hedge Agreements) shall have been paid in full (or cash
collateralized in a manner satisfactory to the Senior Administrative Agent),
(ii) the Commitments have been terminated and no Letters of Credit shall be
outstanding and (iii) the net termination liability under or in respect of, and
other amounts due and payable under, Specified Hedge Agreements at such time
shall have been paid or secured in the manner provided in such Specified Hedge
Agreements or by a collateral arrangement satisfactory to the relevant
Qualified Counterparties in their sole discretion, the Collateral shall be
released from the Liens created by the Security Documents, and the Security
Documents and all obligations (other than those expressly stated to survive
such termination) of the Senior Administrative Agent, the Senior Collateral
Agent and each Loan Party under the Security Documents shall terminate, all
without delivery of any instrument or performance of any act by any Person.

(c)       If the Acquisition shall not have been consummated
upon the expiration of the Certain Funds Period, this Agreement and all other
Loan Documents shall terminate without delivery of any instrument or
performance of any act by any Person.

11.15       Confidentiality.  Each Agent and each Lender agrees to keep
confidential all non-public information provided to it by any Loan Party
pursuant to this Agreement that is designated by such Loan Party as
confidential; provided that nothing herein shall prevent any Agent or
any Lender from disclosing any such information (a) to any Agent, any other
Lender or any Affiliate of a Lender or any Approved Fund of a Lender, (b)
subject to an agreement to comply with the provisions of this Section, to any
actual or prospective Transferee or any direct or indirect counterparty to any
Hedge Agreement (or any professional advisor to such counterparty), (c) to its
employees, directors, agents, attorneys, accountants and other professional
advisors or those of any of its affiliates, (d) upon the request or demand of
any Governmental Authority, (e) in response to any order of any court or other
Governmental Authority or as may otherwise be required pursuant to any
Requirement of Law, (f) if requested or required to do so in connection with
any litigation or similar proceeding, (g) that has been publicly disclosed, (h)
to the National Association of Insurance Commissioners or any similar
organization or any nationally recognized rating agency that requires access to
information about a Lender’s investment portfolio in connection with ratings
issued with respect to such Lender, or (i) in connection with the exercise of
any remedy hereunder or under any other Loan Document, provided that,
unless specifically prohibited by applicable law or court order, each Lender
shall notify the Borrower of any request by any Governmental Authority or
representative thereof (other than any such request in connection with any
examination of the financial condition or

 116
 

other routine examination
of such Lender by such Governmental Authority) for disclosure of any such
non-public information prior to disclosure of such information.

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

11.17       Patriot Act Notice.  Each Lender and the Senior Administrative
Agent (for itself and not on behalf of any Lender) hereby notifies the Loan
Parties that pursuant to the requirements of the Patriot Act, it may be
required to obtain, verify and record information that identifies each Loan
Party, which information includes the name and address of such Loan Party and
other information that will allow such Lender or the Senior Administrative
Agent, as applicable, to identify such Loan Party in accordance with the
Patriot Act.  The Borrower shall, and
shall cause each of its Subsidiaries to, provide, to the extent commercially
reasonable, such information and take such actions as are reasonably requested
by the Senior Administrative Agent or any Lenders in order to assist the Senior
Administrative Agent and the Lenders in maintaining compliance with the Patriot
Act.

11.18       Delivery of Addenda.  Each initial Lender may become a party to
this Agreement by delivering to the Senior Administrative Agent an Addendum
duly executed by such Lender.

 117
 

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

	
  

  	
  WEBSENSE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Douglas
  Wride

  	
   

  
	
   

  	
   

  	
  Name:  Douglas
  Wride

  
	
   

  	
   

  	
  Title:  Chief
  Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MORGAN STANLEY
  SENIOR FUNDING, INC.,

  as Sole Lead Arranger and Sole Bookrunner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew Earls

  	
   

  
	
   

  	
   

  	
  Name:  Andrew
  Earls

  
	
   

  	
   

  	
  Title:  VP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MORGAN STANLEY
  SENIOR FUNDING, INC.,

  as Syndication Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew Earls

  	
   

  
	
   

  	
   

  	
  Name:  Andrew
  Earls

  
	
   

  	
   

  	
  Title:  VP

  

 

 118
 

 

	
  

  	
  MORGAN STANLEY
  SENIOR FUNDING, INC.,

  as Senior Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew Earls

  	
   

  
	
   

  	
   

  	
  Name:  Andrew
  Earls

  
	
   

  	
   

  	
  Title:  VP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MORGAN STANLEY
  SENIOR FUNDING, INC.,

  as Senior Collateral Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew Earls

  	
   

  
	
   

  	
   

  	
  Name:  Andrew
  Earls

  
	
   

  	
   

  	
  Title:  VP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BANK OF AMERICA,
  N.A.,

  
	
   

  	
  as Documentation
  Agent and as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Fred L.
  Thorne

  	
   

  
	
   

  	
   

  	
  Name:  Fred L.
  Thorne

  
	
   

  	
   

  	
  Title: 
  Managing Director

  

 

 119

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00122-of-00352.parquet"}]]