Document:

exv10w96

Exhibit 10.96

EXECUTION VERSION

INTERCREDITOR AGREEMENT

dated as of

March 22, 2010,

among

ALION SCIENCE AND TECHNOLOGY CORPORATION,

the other GRANTORS party hereto,

WILMINGTON TRUST COMPANY,

as Collateral Agent and Authorized Representative under the Indenture,

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Authorized Representative under the Credit Agreement,

and

each Additional Authorized Representative from time to time party hereto

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	ARTICLE I	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Definitions	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 1.01.
	 	Definitions Generally	 	 	1	 
	SECTION 1.02.
	 	Other Defined Terms	 	 	1	 
	SECTION 1.03.
	 	Impairment	 	 	7	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE II	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Priorities and Agreements with Respect to Shared Collateral	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 2.01.
	 	Priority of Claims	 	 	8	 
	SECTION 2.02.
	 	Actions With Respect to Shared Collateral; Prohibition on Contesting Liens	 	 	9	 
	SECTION 2.03.
	 	No Interference; Payment Over; No New Liens	 	 	10	 
	SECTION 2.04.
	 	Automatic Release of Liens; Amendments to Security Documents	 	 	11	 
	SECTION 2.05.
	 	Certain Agreements With Respect to Bankruptcy or Insolvency Proceedings	 	 	12	 
	SECTION 2.06.
	 	Reinstatement	 	 	13	 
	SECTION 2.07.
	 	Insurance	 	 	13	 
	SECTION 2.08.
	 	Refinancings	 	 	13	 
	SECTION 2.09.
	 	Possessory Collateral Agent as Gratuitous Bailee for Perfection	 	 	13	 
	SECTION 2.10.
	 	Enforcement by the Collateral Agent	 	 	14	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE III	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Existence and Amounts of Liens and Obligations	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE IV	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	The Collateral Agent	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 4.01.
	 	Appointment and Authority	 	 	15	 

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	 	 	 	 	Page	 
	 	 	 	 	 	 	 
	SECTION 4.02.
	 	Rights as a Secured Party	 	 	16	 
	SECTION 4.03.
	 	Exculpatory Provisions	 	 	16	 
	SECTION 4.04.
	 	Reliance by Collateral Agent	 	 	17	 
	SECTION 4.05.
	 	Delegation of Duties	 	 	18	 
	SECTION 4.06.
	 	Termination and Resignation of Collateral Agent	 	 	18	 
	SECTION 4.07.
	 	Non-Reliance on Collateral Agent and other Secured Parties	 	 	19	 
	SECTION 4.08.
	 	Collateral Matters	 	 	19	 
	SECTION 4.09.
	 	Indemnity and Expenses	 	 	19	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE V	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Miscellaneous	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 5.01.
	 	Notices	 	 	20	 
	SECTION 5.02.
	 	Waivers; Amendment	 	 	21	 
	SECTION 5.03.
	 	Parties in Interest	 	 	22	 
	SECTION 5.04.
	 	Survival of Agreement	 	 	22	 
	SECTION 5.05.
	 	Obligations Absolute	 	 	22	 
	SECTION 5.06.
	 	Counterparts	 	 	23	 
	SECTION 5.07.
	 	Severability	 	 	23	 
	SECTION 5.08.
	 	Governing Law; Jurisdiction; Consent to Service of Process	 	 	23	 
	SECTION 5.09.
	 	Submission To Jurisdiction Waivers	 	 	23	 
	SECTION 5.10.
	 	Waiver Of Jury Trial	 	 	24	 
	SECTION 5.11.
	 	Headings	 	 	24	 
	SECTION 5.12.
	 	Conflicts	 	 	24	 
	SECTION 5.13.
	 	Provisions Solely to Define Relative Rights	 	 	24	 
	SECTION 5.14.
	 	Integration	 	 	25	 
	SECTION 5.15.
	 	Confidentiality	 	 	25	 

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	 	 	 	 	Page	 
	 	 	 	 	 	 	 
	SECTION 5.16.
	 	Further Assurances	 	 	25	 

	Exhibit I	 	Form of Additional Authorized Representative Joinder Agreement
	 
	Exhibit II	 	Form of Grantor Joinder Agreement

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     INTERCREDITOR AGREEMENT dated as of March 22, 2010 (as amended
or supplemented from time to time, this “Agreement”), among ALION SCIENCE
AND TECHNOLOGY CORPORATION, a Delaware corporation (the “Company”), the
other GRANTORS (as defined below) party hereto, WILMINGTON TRUST COMPANY,
as collateral agent for the Secured Parties (as defined below) (in such
capacity and together with its successors in such capacity, the
“Collateral Agent”) and as Authorized Representative for the Notes Secured
Parties (as defined below) (in such capacity and together with its
successors in such capacity, the “Trustee”), CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH, as Authorized Representative for the Bank Secured Parties
(as defined below) (in such capacity and together with its successors in
such capacity, the “Administrative Agent”), and each ADDITIONAL AUTHORIZED
REPRESENTATIVE from time to time party hereto for the Additional Secured
Parties (as defined below) of the Series (as defined below) with respect
to which it is acting in such capacity.

          In consideration of the mutual agreements herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Collateral Agent,
the Administrative Agent (for itself and on behalf of the Bank Secured Parties), the Trustee (for
itself and on behalf of the Notes Secured Parties) and each Additional Authorized Representative
(for itself and on behalf of the Additional Secured Parties of the applicable Series) agree as
follows:

ARTICLE I

Definitions

          SECTION 1.01. Definitions Generally. (a) Capitalized terms used and not otherwise
defined herein, including in the introductory paragraph of this Agreement, shall have the meanings
set forth in the Credit Agreement, the Indenture and any Additional Agreement, as applicable, with
the Credit Agreement controlling in the event of discrepancies.

          (b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply to
this Agreement.

          (c) Any references herein to provisions of the Bankruptcy Code, and the use of concepts or
terms that find meaning in connection therewith (e.g. “debtor-in-possession”) shall be deemed to
refer as well to similar provisions, concepts or terms under any other Bankruptcy Law.

          SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms
have the meanings specified below:

 

 

          “Additional Agreement” means any indenture, credit agreement or other agreement, if any,
pursuant to which any Grantor has or will incur Additional Obligations; provided that, in
each case, the Indebtedness and other obligations thereunder have been designated as Additional
Obligations pursuant to and in accordance with Section 5.02(c).

          “Additional Authorized Representative” has the meaning assigned to such term in Section
5.02(c).

          “Additional Authorized Representative Joinder Agreement” means a supplement to this Agreement
substantially in the form of Exhibit I, appropriately completed.

          “Additional Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Grantor arising under any Additional Agreement, whether direct or indirect
(including those acquired by assumption), absolute or contingent, due or to become due, now
existing or hereafter arising and including interest and fees that accrue after the commencement by
or against any Grantor or any Affiliate thereof of any Insolvency or Liquidation Proceeding,
regardless of whether such interest and fees are allowed claims in such Proceeding, in each case,
that have been designated as Additional Obligations pursuant to and in accordance with Section
5.02(c).

          “Additional Secured Party” means the holder of any Additional Obligations and any Authorized
Representative with respect thereto.

          “Administrative Agent” has the meaning assigned to such term in the introductory paragraph of
this Agreement.

          “Agreement” has the meaning assigned to such term in the introductory paragraph of this
Agreement.

          “Applicable Authorized Representative” means, with respect to the Shared Collateral, (a) until
the earlier of (i) the Discharge of Bank Obligations and (ii) the Enforcement Transition Date, the
Authorized Representative of the Bank Obligations and (b) thereafter, until an Enforcement
Transition Date (other than the Enforcement Transition Date referred to in clause (a)(ii) above),
the Controlling Representative.

          “Authorized Representative” means (a) in the case of any Bank Obligations or the Bank Secured
Parties, the Administrative Agent, (b) in the case of any Notes Obligations or the Notes Secured
Parties, the Trustee, and (c) in the case of any Series of Additional Obligations or Additional
Secured Parties that become subject to this Agreement after the date hereof, the Authorized
Representative named for such Series in the applicable Additional Authorized Representative Joinder
Agreement.

          “Bank Obligations” has the meaning assigned to such term in the Credit Agreement.

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          “Bank Secured Parties” has the meaning assigned to such term in the Credit Agreement.

          “Bankruptcy Case” has the meaning assigned to such term in Section 2.05(b).

          “Bankruptcy Code” means Title 11 of the United States Code, as amended, or any successor
statute.

          “Bankruptcy Law” means the Bankruptcy Code and any similar Federal, state or foreign
bankruptcy, insolvency, receivership or similar law, including laws for the relief of debtors.

          “Collateral” means all assets and properties subject to Liens created pursuant to any Security
Document to secure one or more Series of Obligations.

          “Collateral Agent” has the meaning assigned to such term in the introductory paragraph hereof.

          “Company” has the meaning assigned to such term in the introductory paragraph hereof.

          “Controlling Representative” means, with respect to any Shared Collateral, the Authorized
Representative of the Series of Obligations that constitutes the largest outstanding principal
amount of any then outstanding Series of Obligations secured by such Shared Collateral other than
the Series of Obligations represented by the Applicable Authorized Representative.

          “Credit Agreement” means (a) that certain Credit Agreement dated as of March 22, 2010, among
the Company, the lenders from time to time party thereto and the Administrative Agent and (b) any
agreement Refinancing in full the Bank Obligations, which has been designated by the Authorized
Representative therefor and the Company to the Collateral Agent and each other Authorized
Representative as the “Credit Agreement” for purposes of this Agreement.

          “Credit Documents” means the Loan Documents (as defined in the Credit Agreement), the
Indenture and each Additional Agreement.

          “DIP Financing” has the meaning assigned to such term in Section 2.05(b).

          “DIP Financing Liens” has the meaning assigned to such term in Section 2.05(b).

          “DIP Lenders” has the meaning assigned to such term in Section 2.05(b).

          “Discharge” means, with respect to any Series of Obligations, (a) payment in full in cash of
the principal of and interest (including interest accruing during the

3

 

pendency of any Insolvency or Liquidation Proceeding, regardless of whether allowed or
allowable in such Insolvency or Liquidation Proceeding) and premium, if any, on all Indebtedness
outstanding under such Series, (b) payment in full of all other Obligations under such Series that
are due and payable or otherwise accrued and owing at or prior to the time such principal and
interest are paid in connection with such Series, (c) cancellation of or the entry into
arrangements satisfactory to the Collateral Agent with respect to all letters of credit issued and
outstanding under such Series, if any, and (d) termination or expiration of all commitments to lend
and all obligations to issue or extend letters of credit under such Series, if any.

          “Discharge of Bank Obligations” means, with respect to any Shared Collateral, the Discharge of
the Bank Obligations; provided that the Discharge of Bank Obligations shall not be deemed
to have occurred in connection with a Refinancing of the Bank Obligations with Additional
Obligations secured by such Shared Collateral under an agreement relating to such Additional
Obligations that has been designated in writing by the Authorized Representative therefor and the
Company to the Collateral Agent and each other Authorized Representative as the “Credit Agreement”
for purposes of this Agreement.

          “Enforcement Actions” means the exercise of any action, right or remedy specified in any
Security Document or permitted by applicable law with respect to the Collateral or otherwise
provided in any Security Document, including to collect and apply Collateral, to exercise exclusive
control over or rights with respect to Collateral, to dispose of Collateral upon foreclosure
(judicially or, to the fullest extent permitted by applicable law, non-judicially), to exercise
voting rights with respect to any Pledged Stock, to incur expenses, including legal fees, in
connection with any Enforcement Action (and to demand, sue for, collect, receive and give
acquittance for the same) and to exercise all the rights and remedies of a secured lender under the
Uniform Commercial Code or similar law of any applicable jurisdiction and under other applicable
law, and of a secured creditor under any Bankruptcy Law, to settle, compromise, compound, prosecute
or defend any related action or proceeding, to initiate action before any competent court of law
and to sell, lease, license or otherwise dispose or cause disposition of, and to exercise all
rights relating to, or to levy or execute upon, the Collateral or any part thereof.

          “Enforcement Transition Date” means, with respect to any Controlling Representative, the date
which is at least 90 days (throughout which 90 day period such person was the Controlling
Representative) after the occurrence of both (a) an Event of Default (under and as defined in the
Credit Document under which such Controlling Representative is the Authorized Representative) and
(b) the Collateral Agent’s and each other Authorized Representative’s receipt of written notice
from such Controlling Representative certifying that (i) such an Event of Default has occurred and
is continuing and (ii) the Obligations of the Series with respect to which such Controlling
Representative is the Authorized Representative are currently due and payable in full (whether as a
result of acceleration thereof or otherwise) in accordance with the terms of the applicable Credit
Document; provided that the Enforcement Transition Date shall be stayed and shall not occur
and shall be deemed not to have occurred and be rescinded (x)

4

 

at any time the Applicable Authorized Representative or the Collateral Agent has commenced and
is diligently pursuing any enforcement action with respect to any Shared Collateral or (y) at any
time the Grantor which has granted a security interest in such Shared Collateral is then a debtor
under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding.

          “Event of Default” means any “Event of Default” under and as defined in the Credit Agreement,
any “Event of Default” under and as defined in the Indenture or any “Event of Default” (or similar
defined term) under and as defined in any Additional Agreement.

          “Grantors” means the Company and any other person that has granted a security interest
pursuant to any Security Document to secure any Series of Obligations or is a guarantor under the
Credit Agreement, the Indenture or any Additional Agreement.

          “Grantor Joinder Agreement” means a supplement to this Agreement substantially in the form of
Exhibit II, appropriately completed.

          “Impairment” has the meaning assigned to such term in Section 1.03.

          “Indemnified Party” has the meaning assigned to such term in Section 4.09(a).

          “Indenture” means that certain Indenture dated as of March 22, 2010, among the Company, the
guarantors identified therein and Wilmington Trust Company, as trustee.

          “Insolvency or Liquidation Proceeding” means:

     (1) any case commenced by or against any Grantor under any Bankruptcy Law, any other
proceeding for the reorganization, recapitalization or adjustment or marshalling of the
assets or liabilities of any Grantor, any receivership or assignment for the benefit of
creditors relating to any Grantor or any similar case or proceeding relative to any Grantor
or its creditors, as such, in each case whether or not voluntary;

     (2) any liquidation, dissolution or other winding up of or relating to any Grantor,
in each case whether or not voluntary and whether or not involving bankruptcy or
insolvency; or

     (3) any other proceeding of any type or nature in which substantially all claims of
creditors of any Grantor are determined and any payment or distribution is or may be made
on account of such claims.

          “Lien” means, with respect to any asset, any mortgage, lien (statutory or other), pledge,
charge, hypothecation, assignment, security interest or similar encumbrance of any kind in respect
of such asset, whether or not filed, recorded or otherwise perfected

5

 

under applicable law (including any agreement to give any of the foregoing, any conditional
sale or other title retention agreement or any lease in the nature thereof).

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

          “Notes Obligations” has the meaning assigned to such term in the Security Agreement.

          “Notes Secured Parties” has the meaning assigned to such term in the Security Agreement.

          “Obligations” means, collectively, (a) the Bank Obligations, (b) the Notes Obligations and (c)
each Series of Additional Obligations.

          “Possessory Collateral” means any Shared Collateral in the possession of the Collateral Agent
(or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the
Uniform Commercial Code of any jurisdiction or the law of any foreign jurisdiction. Possessory
Collateral includes any Certificated Securities, Promissory Notes, Instruments and Chattel Paper,
in each case, delivered to or in the possession of the Collateral Agent under the terms of the
Security Documents. All capitalized terms used in this definition and not defined elsewhere in
this Agreement have the meanings assigned to them in the New York UCC.

          “Proceeds” has the meaning assigned to such term in Section 2.01.

          “Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease,
amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue other
indebtedness or enter alternative financing arrangements, in exchange or replacement for such
indebtedness (in whole or in part), including by adding or replacing lenders, creditors, agents,
borrowers and/or guarantors, and including in each case, but not limited to, after the original
instrument giving rise to such indebtedness has been terminated and including, in each case,
through any credit agreement, indenture or other agreement. “Refinanced” and “Refinancing” have
correlative meanings.

          “Security Agreement” means the security agreement dated as of March 22, 2010, among the
Company, the subsidiaries of the Company from time to time party thereto and the Collateral Agent.

          “Security Documents” means each agreement, instrument or other document entered into in favor
of the Collateral Agent for purposes of securing any Series of Obligations, including the Security
Agreement.

          “Secured Parties” means (a) the Bank Secured Parties, (b) the Notes Secured Parties and (c)
the Additional Secured Parties with respect to each Series of Additional Obligations.

6

 

          “Series” means (a) with respect to the Secured Parties, each of the Bank Secured Parties (in
their capacities as such), the Notes Secured Parties (in their capacity as such) and the Additional
Secured Parties (in their capacities as such) that become subject to this Agreement that are
represented by a common Authorized Representative, and (b) with respect to any Obligations, each of
the Bank Obligations, the Notes Obligations and the Additional Obligations which, pursuant to any
Additional Authorized Representative Joinder Agreement, are to be represented by a common
Authorized Representative.

          “Shared Collateral” means, at any time, Collateral in which the holders of two or more Series
of Obligations (or their respective Authorized Representatives or the Collateral Agent on behalf of
such holders) hold a valid and perfected security interest at such time. If more than two Series
of Obligations are outstanding at any time and the holders of less than all Series of Obligations
hold a valid and perfected security interest in any Collateral at such time, then such Collateral
shall constitute Shared Collateral for those Series of Obligations that hold a valid and perfected
security interest in such Collateral at such time and shall not constitute Shared Collateral for
any Series that does not have a valid and perfected security interest in such Collateral at such
time.

          “Trustee” shall have the meaning assigned to such term in the introductory paragraph to this
Agreement.

          SECTION 1.03. Impairment. It is the intention of the Secured Parties of each Series
that the Additional Secured Parties with respect to any Series of Additional Obligations (and not
the Secured Parties of any other Series) bear the risk of any determination by a court of competent
jurisdiction that (x) any of the Additional Obligations of such Series are unenforceable under
applicable law or are subordinated to any other obligations (other than another Series of
Obligations), (y) the security interest of such Series of Additional Obligations in any of the
Collateral securing any other Series is not enforceable or (z) any intervening security interest
exists securing any other obligations (other than another Series of Obligations) on a basis ranking
prior to the security interest of such Series of Additional Obligations (any such condition, an
“Impairment” of such Series). In the event of any Impairment with respect to any Series of
Additional Obligations, the results of such Impairment shall be borne solely by the holders of such
Series of Additional Obligations, and the rights of the holders of such Series of Additional
Obligations (including the right to receive distributions in respect of such Series pursuant to
Section 2.01) set forth herein shall be modified to the extent necessary so that the effects of
such Impairment are borne solely by the holders of the Series subject to such Impairment. For the
avoidance of doubt, the foregoing shall not apply to Impairments with respect to the Bank
Obligations and Notes Obligations, which shall be treated in accordance with Section 2.01(d).
Additionally, in the event the Obligations of any Series are modified pursuant to applicable law
(including, without limitation, pursuant to Section 1129 of the Bankruptcy Code), then, subject to
Section 2.05(a), any reference to such Obligations or the documents governing such Obligations
shall refer to such Obligations or such documents as so modified.

7

 

ARTICLE II

Priorities and Agreements with Respect to Shared Collateral

          SECTION 2.01. Priority of Claims. (a) Anything contained herein or in any of the
Credit Documents to the contrary notwithstanding (but subject to Section 1.03), if an Event of
Default has occurred and is continuing and the Collateral Agent or any Secured Party is taking
action to enforce rights in respect of any Shared Collateral, or any distribution is made in
respect of any Shared Collateral in any Insolvency or Liquidation Proceeding of any Grantor or
otherwise (whether pursuant to a plan of reorganization or otherwise), then the proceeds of any
sale, collection or other liquidation or disposition of any such Shared Collateral received by the
Collateral Agent or any Secured Party and proceeds of any such distribution (all proceeds of any
such sale, collection or other liquidation or disposition of any Shared Collateral and all proceeds
of any such distribution being collectively referred to as “Proceeds”), shall be applied (i) FIRST,
to the payment of all costs and expenses incurred by the Collateral Agent in connection with such
collection or sale or otherwise in connection with this Agreement or any other Credit Document,
including all court costs and the fees and expenses of its agents and legal counsel, the repayment
of all advances made by the Collateral Agent hereunder or under any Credit Document on behalf of
any Grantor and any other costs or expenses incurred in connection with the exercise of any right
or remedy hereunder or under any Credit Document; (ii) SECOND, to the payment in full of all
Obligations owed to the Authorized Representatives in their capacities as such, including expense
reimbursement obligations and indemnification obligations that are liquidated and not contingent;
(iii) THIRD, to the payment in full of all of the Bank Obligations, the amounts so applied to be
distributed among the Bank Secured Parties in accordance with Section 9.19 of the Credit Agreement;
(iv) FOURTH, subject to Section 1.03, to the payment in full of the Obligations of each remaining
Series on a ratable basis in accordance with the amounts of such Obligations and the terms of the
applicable Credit Documents; and (v) FIFTH, to the Grantors, their successors or assigns, or as a
court of competent jurisdiction may otherwise direct.

          (b) It is acknowledged that the Obligations of any Series may, subject to any limitations set
forth in the Credit Documents of the other Series, be Refinanced or otherwise amended or modified
from time to time, all without affecting the priorities set forth in Section 2.01(a) or the
provisions of this Agreement defining the relative rights of the Secured Parties of each Series.

          (c) Notwithstanding the date, time, method, manner or order of grant, attachment or
perfection of any Liens securing any Series of Obligations granted on the Shared Collateral and
notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other
applicable law or the Credit Documents or any defect or deficiencies in the Liens securing the
Obligations of any Series or any other circumstance whatsoever (but, in each case, subject to
Sections 1.03 and 2.01(d)), each Secured Party hereby agrees that the Liens securing each Series of
Obligations on any Shared Collateral shall be of equal priority.

8

 

          (d) If either the Bank Obligations or the Notes Obligations are subject to Impairment with
respect to any Shared Collateral and the other such Series is not subject to the same Impairment,
the Collateral Agent shall allocate the Proceeds of any such Shared Collateral to all Series of
Obligations in accordance with Section 2.01(a), disregarding the existence of such Impairment.

          (e) Notwithstanding anything in this Agreement or any other Security Document to the
contrary, Collateral consisting of cash and cash equivalents pledged to secure Bank Obligations
consisting of reimbursement obligations in respect of Letters of Credit or otherwise held by the
Administrative Agent or the Collateral Agent pursuant to Section 2.12(a), 2.22(a) or 2.22(j) of the
Credit Agreement (or any equivalent successor provision) shall be applied as specified in such
Section of the Credit Agreement and will not constitute Shared Collateral.

          SECTION 2.02. Actions With Respect to Shared Collateral; Prohibition on Contesting
Liens. (a) With respect to any Shared Collateral, (i) only the Collateral Agent shall act or
refrain from acting with respect to the Shared Collateral, and then only on the instructions of the
Applicable Authorized Representative pursuant to Section 2.10, (ii) the Collateral Agent shall not
follow any instructions with respect to such Shared Collateral from any Secured Party other than
the Applicable Authorized Representative and (iii) no Secured Party (other than the Applicable
Authorized Representative) shall, or shall instruct the Collateral Agent to, commence any judicial
or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver,
liquidator or similar official appointed for or over, attempt any action to take possession of,
exercise any right, remedy or power with respect to, or otherwise take any action to enforce its
security interest in or realize upon, or take any other action available to it in respect of, any
Shared Collateral, whether under any Security Document, applicable law or otherwise, it being
agreed that only the Collateral Agent, acting on the instructions of the Applicable Authorized
Representative and in accordance with the applicable Security Documents, shall be entitled to take
any such actions or exercise any such remedies with respect to Shared Collateral; provided
that, notwithstanding the foregoing, (i) in any Insolvency or Liquidation Proceeding, the
Collateral Agent or any other Secured Party may file a proof of claim or statement of interest with
respect to the Obligations owed to Secured Parties; (ii) the Collateral Agent or any other Secured
Party may take any action to preserve or protect the validity and enforceability of the Liens
granted in favor of Secured Parties, provided that no such action is, or could reasonably
be expected to be, (A) adverse to the Liens granted in favor of the other Secured Parties or the
rights of the Collateral Agent or any other Secured Parties to exercise remedies in respect thereof
or (B) otherwise inconsistent with the terms of this Agreement, including the automatic release of
the Liens provided in Section 2.04; and (iii) the Collateral Agent or any other Secured Party may
file any responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding
or other pleading made by any person objecting to or otherwise seeking the disallowance of the
claims of such Secured Party, including any claims secured by the Shared Collateral, in each case,
to the extent not inconsistent with the terms of this Agreement. Notwithstanding the equal
priority of the Liens, the Collateral Agent (acting on the instructions of the Applicable
Authorized Representative) may deal with the Shared Collateral as if such Applicable Authorized
Representative had a senior

9

 

Lien on such Collateral. No other Secured Party will contest, protest or object to any
foreclosure proceeding or action brought by the Collateral Agent or any other exercise by the
Collateral Agent of any rights and remedies relating to the Shared Collateral. The foregoing shall
not be construed to limit the rights and priorities of any Secured Party, Collateral Agent or
Authorized Representative with respect to any Collateral not constituting Shared Collateral.

          (b) Each of the Authorized Representatives agrees that it will not accept any Lien on any
Collateral for the benefit of any Series of Obligations (other than funds deposited for the
discharge or defeasance of any Notes Obligations) other than pursuant to the Security Documents or
as contemplated by Section 2.01(e), and by executing this Agreement or an Additional Authorized
Representative Joinder Agreement, each Authorized Representative and the Series of Secured Parties
for which it is acting hereunder agree to be bound by the provisions of this Agreement and the
other Security Documents applicable to it.

          (c) Each of the Secured Parties agrees that it will not (and hereby waives any right to)
contest or support any other person in contesting, in any proceeding (including any Insolvency or
Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or
on behalf of any of the Secured Parties in all or any part of the Collateral, or the provisions of
this Agreement.

          SECTION 2.03. No Interference; Payment Over; No New Liens.

(a) Each Secured Party agrees that (i) it will not challenge or question in any proceeding
the validity or enforceability of any Obligations of any Series or any Security Document or the
validity, attachment, perfection or priority of any Lien under any Security Document or the
validity or enforceability of the priorities, rights or duties established by, or other provisions
of, this Agreement; (ii) it will not take or cause to be taken any action the purpose or intent of
which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial
proceedings or otherwise, any sale, transfer or other disposition of the Shared Collateral by the
Collateral Agent, (iii) except as provided in Section 2.02, it shall have no right to (A) direct
the Collateral Agent or any other Secured Party to exercise any right, remedy or power with respect
to any Shared Collateral or (B) consent to the exercise by the Collateral Agent or any other
Secured Party of any right, remedy or power with respect to any Shared Collateral, (iv) it will not
institute any suit or assert in any Insolvency or Litigation Proceeding or other proceeding any
claim against the Collateral Agent or any other Secured Party seeking damages from or other relief
by way of specific performance, instructions or otherwise with respect to any Shared Collateral,
and none of the Collateral Agent, any Applicable Authorized Representative or any other Secured
Party shall be liable for any action taken or omitted to be taken by the Collateral Agent, such
Applicable Authorized Representative or other Secured Party with respect to any Shared Collateral
in accordance with the provisions of this Agreement, (v) it will not seek, and hereby waives any
right, to have any Shared Collateral or any part thereof marshaled upon any foreclosure or other
disposition of such Collateral and (vi) it will not attempt, directly or indirectly, whether by
judicial proceedings or otherwise, to challenge the enforceability of any provision of this
Agreement; provided that nothing in this Agreement shall be construed to prevent or

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impair the rights of any of the Collateral Agent or any other Secured Party to enforce this
Agreement in accordance with its terms.

          (b) Each Secured Party hereby agrees that if it shall obtain possession of any Shared
Collateral or shall realize any proceeds or payment in respect of any such Shared Collateral,
pursuant to any Security Document or by the exercise of any rights available to it under applicable
law or in any Insolvency or Liquidation Proceeding or through any other exercise of remedies, at
any time prior to the Discharge of each of the Obligations, then it shall hold such Shared
Collateral, proceeds or payment in trust for the other Secured Parties and promptly transfer such
Shared Collateral, proceeds or payment, as the case may be, to the Collateral Agent, to be
distributed in accordance with the provisions of Section 2.01 hereof.

          (c) The parties hereto agree that, so long as the Discharge of all the Obligations has not
occurred, none of the Grantors shall, or shall permit any of their respective subsidiaries to,
grant or permit any additional Liens on any asset to secure any Additional Obligation in favor of a
particular Series after the date hereof unless it has granted, or concurrently therewith grants, a
Lien on such asset to secure the Obligations in favor of all other Series. To the extent that the
provisions of the immediately preceding sentence are not complied with for any reason, without
limiting any other right or remedy available to the Collateral Agent or the other Secured Parties,
the Collateral Agent agrees, for itself and on behalf of the other Secured Parties, that any
amounts received by or distributed to any Secured Party pursuant to or as a result of any Lien
granted in contravention of this Section 2.03(c) shall be subject to Section 2.03(b).

          SECTION 2.04. Automatic Release of Liens; Amendments to Security Documents. (a) If
at any time the Collateral Agent forecloses upon or otherwise exercises rights, remedies and powers
against any Shared Collateral, and in connection therewith determines to release any Liens over
such Shared Collateral, then (whether or not any Insolvency or Liquidation Proceeding is pending at
the time) the Liens in favor of the Collateral Agent for the benefit of each Series of Secured
Parties on such Shared Collateral will automatically be released and discharged; provided
that any Proceeds of any Shared Collateral realized therefrom shall be applied pursuant to Section
2.01 hereof.

          (b) Each Secured Party agrees that the Collateral Agent may enter into any amendment (and,
upon request by the Collateral Agent, each Authorized Representative shall sign a consent to such
amendment) to any Security Document, so long as the Collateral Agent receives a certificate of the
Company, in form and substance satisfactory to the Collateral Agent, stating that such amendment is
permitted by the terms of each then extant Credit Document. Additionally, each Secured Party
agrees that the Collateral Agent may enter into any amendment (and, upon request by the Collateral
Agent, each Authorized Representative shall sign a consent to such amendment) to any Security
Document solely as such Security Document relates to a particular Series of Obligations so long as
(x) such amendment is in accordance with the Credit Document pursuant to which such Series of
Obligations was incurred and (y) such amendment does not adversely affect the Secured Parties of
any other Series.

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          (c) Each Authorized Representative agrees to execute and deliver (at the sole cost and
expense of the Grantors) all such authorizations and other instruments as shall reasonably be
requested by the Collateral Agent to evidence and confirm any release of Shared Collateral or
amendment to any Security Document provided for in this Section.

          SECTION 2.05. Certain Agreements With Respect to Bankruptcy or Insolvency
Proceedings. (a) This Agreement shall continue in full force and effect notwithstanding the
commencement of any proceeding under any Bankruptcy Law by or against any Grantor or any of its
subsidiaries. If, in any Insolvency or Liquidation Proceeding, debt obligations of the reorganized
debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a
plan of reorganization or similar dispositive restructuring plan, on account of each Series of
Obligations, then, to the extent the debt obligations distributed on account of each Series of
Obligations are secured by Liens upon the same assets or property, the provisions of this Agreement
will survive the distribution of such debt obligations pursuant to such plan and will apply with
like effect to the Liens securing such debt obligations.

          (b) If, prior to the Discharge of Bank Obligations, any Grantor shall become subject to a
case (a “Bankruptcy Case”) under the Bankruptcy Code or any other Bankruptcy Law and shall, as
debtor(s)-in-possession, move for approval of financing (“DIP Financing”) to be provided by one or
more lenders (the “DIP Lenders”) under Section 364 of the Bankruptcy Code or any similar provision
of foreign law or the use of cash collateral under Section 363 of the Bankruptcy Code or any
similar provision of foreign law, each Secured Party agrees that it will raise no objection to any
such financing or to the Liens on the Shared Collateral securing the same (“DIP Financing Liens”)
or to any use of cash collateral that constitutes Shared Collateral, unless the Authorized
Representative of the Bank Obligations shall then oppose or object to such DIP Financing or such
DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens
are senior to the Liens on any such Shared Collateral for the benefit of Secured Parties that are
DIP Lenders, each other Secured Party will subordinate its Liens with respect to such Shared
Collateral on the same terms as the Liens of the Secured Parties that are DIP Lenders (other than
any Liens of any Secured Parties constituting DIP Financing Liens) are subordinated thereto, and
(ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Shared
Collateral granted to secure the Obligations of the Secured Parties that are DIP Lenders, each
other Secured Party will confirm the priorities with respect to such Shared Collateral as set forth
herein), in each case so long as (A) the Secured Parties of each Series retain the benefit of their
Liens on all such Shared Collateral pledged to the DIP Lenders, including proceeds thereof arising
after the commencement of such proceeding, with the same priority vis-a-vis all the other Secured
Parties (other than any Liens of the Secured Parties constituting DIP Financing Liens) as existed
prior to the commencement of the Bankruptcy Case, (B) the Secured Parties of each Series are
granted Liens on any additional collateral pledged to any Secured Parties as adequate protection or
otherwise in connection with such DIP Financing or use of cash collateral, with the same priority
vis-a-vis the Secured Parties as set forth in this Agreement, (C) if any amount of such DIP
Financing or cash collateral is applied to repay any of the Obligations, such amount is

12

 

applied pursuant to Section 2.01 of this Agreement and (D) if any Secured Parties are granted
adequate protection, including in the form of periodic payments, in connection with such DIP
Financing or use of cash collateral, the proceeds of such adequate protection are applied pursuant
to Section 2.01 of this Agreement; provided that the Secured Parties of each Series shall
have a right to object to the grant of a Lien to secure the DIP Financing over any Collateral
subject to Liens in favor of the Secured Parties of such Series or its Authorized Representative
that shall not constitute Shared Collateral; and provided, further, that the
Secured Parties receiving adequate protection shall not object to any other Secured Party receiving
adequate protection comparable to any adequate protection granted to such Secured Parties in
connection with a DIP Financing or use of cash collateral.

          SECTION 2.06. Reinstatement. In the event that any of the Obligations shall be paid
in full and such payment or any part thereof shall subsequently, for whatever reason (including an
order or judgment for disgorgement of a preference under Title 11 of the United Stated Code, or any
similar law, or the settlement of any claim in respect thereof), be required to be returned or
repaid, the terms and conditions of this Article II shall be fully applicable thereto until all
such Obligations shall again have been paid in full in cash.

          SECTION 2.07. Insurance. As between the Secured Parties, to the extent of its
interest under the Security Documents, the Collateral Agent, acting at the direction of the
Applicable Authorized Representative, shall have the right to adjust or settle any insurance policy
or claim covering or constituting Shared Collateral in the event of any loss thereunder and to
approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral
and the Collateral Agent shall apply the proceeds received from any such adjustment, settlement or
award in accordance with the provisions of Section 2.01.

          SECTION 2.08. Refinancings. The Obligations of any Series may be Refinanced, in
whole or in part, in each case, without notice to, or the consent (except to the extent a consent
is otherwise required to permit the refinancing transaction under any Credit Document) of any
Secured Party of any other Series, all without affecting the priorities provided for herein or the
other provisions hereof; provided that the Authorized Representative of the holders of any
such Refinancing indebtedness shall have executed an Additional Authorized Representative Joinder
Agreement on behalf of the holders of such Refinancing indebtedness, which Additional Authorized
Representative Joinder Agreement shall be entered into by the Company, the Administrative Agent and
the Trustee and Collateral Agent.

          SECTION 2.09. Possessory Collateral Agent as Gratuitous Bailee for Perfection. (a)
The Collateral Agent agrees to hold any Shared Collateral constituting Possessory Collateral that
is part of the Collateral in its possession or control (or in the possession or control of its
agents or bailees) as gratuitous bailee for the benefit of each other Secured Party and any
assignee solely for the purpose of perfecting the security interest granted in such Possessory
Collateral, if any, pursuant to the applicable Security Documents, in each case, subject to the
terms and conditions of this Section 2.09.

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Pending delivery to the Collateral Agent, each other Authorized Representative agrees to hold
any Shared Collateral constituting Possessory Collateral, from time to time in its possession, as
gratuitous bailee for the benefit of each other Secured Party and any assignee, solely for the
purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant
to the applicable Security Documents, in each case, subject to the terms and conditions of this
Section 2.09.

          (b) The duties or responsibilities of the Collateral Agent and each other Authorized
Representative under this Section 2.09 shall be limited solely to holding any Shared Collateral
constituting Possessory Collateral as gratuitous bailee for the benefit of each other Secured Party
for purposes of perfecting the Lien held by such Secured Parties therein.

          SECTION 2.10. Enforcement by the Collateral Agent. (a) If any Event of Default
under any Credit Document shall have occurred and be continuing, the Collateral Agent shall act in
relation to the Collateral in accordance with the instructions of the Applicable Authorized
Representative (acting pursuant to the terms of the applicable Credit Document).

          (b) The Collateral Agent may disregard any instructions from any other person to exercise any
right or remedy hereunder with respect to the Collateral if those instructions are inconsistent
with this Agreement.

          (c) Any person entitled to instruct the Collateral Agent to exercise any right or remedy
hereunder with respect to the Collateral may give or refrain from giving instructions to the
Collateral Agent to exercise or refrain from exercising any right or remedy hereunder with respect
to the Collateral as it sees fit in accordance with the other provisions of this Agreement.

          (d) The Collateral Agent shall inform in writing each other Authorized Representative on
receiving any instructions under this Section 2.10 to enforce any right, remedy or power with
respect to the Shared Collateral.

ARTICLE III

Existence and Amounts of Liens and Obligations

          Whenever the Collateral Agent or any Authorized Representative shall be required, in
connection with the exercise of its rights or the performance of its obligations hereunder, to
determine the existence or amount of any Obligations of any Series, or the Shared Collateral
subject to any Lien securing the Obligations of any Series, it may request that such information be
furnished to it in writing by each other Authorized Representative and shall be entitled to make
such determination on the basis of the information so furnished; provided, however,
that if any Authorized Representative shall fail or refuse reasonably promptly to provide the
requested information, the requesting Collateral Agent or Authorized Representative shall be
entitled to make any such determination by such method as it may, in the exercise of its good faith
judgment,

14

 

determine, including by reliance upon a certificate of the Company. The Collateral Agent and
each Authorized Representative may rely conclusively, and shall be fully protected in so relying,
on any determination made by it in accordance with the provisions of the preceding sentence (or as
otherwise directed by a court of competent jurisdiction) and shall have no liability to any
Grantor, any Secured Party or any other person as a result of such determination.

ARTICLE IV

The Collateral Agent

          SECTION 4.01. Appointment and Authority. (a) Each of the Secured Parties hereby
irrevocably appoints Wilmington Trust Company to act on its behalf, and Wilmington Trust Company
hereby acknowledges such appointment and agrees to act, as the Collateral Agent hereunder and under
each of the other Security Documents, and each of the Secured Parties authorizes the Collateral
Agent to take such actions on its behalf and to exercise such powers as are delegated to the
Collateral Agent by the terms hereof or thereof, including for purposes of acquiring, holding and
enforcing any and all Liens on Collateral granted by any Grantor to secure any of the Obligations,
together with such powers and discretion as are reasonably incidental thereto. In this connection,
the Collateral Agent and any co-agents, sub-agents and attorneys-in-fact appointed by the
Collateral Agent pursuant to Section 4.05 for purposes of holding or enforcing any Lien on the
Collateral (or any portion thereof) granted under any of the Security Documents, or for exercising
any rights and remedies thereunder at the direction of the Applicable Authorized Representative,
shall be entitled to the benefits of all provisions of this Article IV (as though such co-agents,
sub-agents and attorneys-in-fact were the “Collateral Agent” under the Security Documents) as if
set forth in full herein with respect thereto.

          (b) Each Secured Party acknowledges and agrees that, upon the occurrence of an Event of
Default under the Security Documents and during the continuation thereof, the Collateral Agent
shall be entitled, for the benefit of the Secured Parties, to sell, transfer or otherwise dispose
of or deal with any Shared Collateral as provided herein and in the Security Documents, without
regard to any rights to which the holders of the Obligations would otherwise be entitled as a
result of such Obligations. Without limiting the foregoing, each Secured Party agrees that none of
the Collateral Agent, the Applicable Authorized Representative or any other Secured Party shall
have any duty or obligation first to marshal or realize upon any type of Shared Collateral (or any
other Collateral securing any of the Obligations), or to sell, dispose of or otherwise liquidate
all or any portion of such Shared Collateral (or any other Collateral securing any Obligations), in
any manner that would maximize the return to such Secured Party or any Series of Secured Parties,
notwithstanding that the order and timing of any such realization, sale, disposition or liquidation
may affect the amount of proceeds actually received by such Secured Party from such realization,
sale, disposition or liquidation. Each of the Secured Parties waives any claim it may now or
hereafter have against the Collateral Agent or the Authorized Representative of any other Series of
Obligations or any other Secured Party of any other Series arising out of (i) any actions which the
Collateral Agent, any Authorized Representative or any Secured Party takes or omits to

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take (including actions with respect to the creation, perfection or continuation of Liens on
any Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or
failure to realize upon, any of the Collateral and actions with respect to the collection of any
claim for all or any part of the Obligations from any account debtor, guarantor or any other party)
in accordance with the Security Documents or any other agreement related thereto or in connection
with the collection of the Obligations or the valuation, use, protection or release of any security
for the Obligations, (ii) any election by any Applicable Authorized Representative or any holders
of Obligations, in any proceeding instituted under the Bankruptcy Code, of the application of
Section 1111(b) of the Bankruptcy Code or (iii) subject to Section 2.05, any borrowing by, or grant
of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code
by, any Grantor or any of its subsidiaries, as debtor-in-possession.

          SECTION 4.02. Rights as a Secured Party. (a) The person serving as the Collateral
Agent hereunder shall have the same rights and powers in its capacity as a Secured Party under any
Series of Obligations that it holds as any other Secured Party of such Series and may exercise the
same as though it were not the Collateral Agent and the term “Secured Party” or “Secured Parties”
or (as applicable) “Bank Secured Party”, “Bank Secured Parties”, “Notes Secured Party”, “Notes
Secured Parties”, “Additional Secured Party” or “Additional Secured Parties” shall, unless
otherwise expressly indicated or unless the context otherwise requires, include the person serving
as the Collateral Agent hereunder in its individual capacity. Such person and its Affiliates may
accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity
for and generally engage in any kind of business with the Grantors or any subsidiary or other
Affiliate thereof as if such person were not the Collateral Agent hereunder and without any duty to
account therefor to any other Secured Party.

          SECTION 4.03. Exculpatory Provisions. (a) The Collateral Agent shall not have any
duties or obligations except those expressly set forth herein and in the other Security Documents.
Without limiting the generality of the foregoing, the Collateral Agent:

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

     (ii) shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated hereby
or by the other Security Documents that the Collateral Agent is required to exercise as
directed in writing by the Applicable Authorized Representative; provided that the
Collateral Agent shall not be required to take any action that, in its opinion or the
opinion of its counsel, may expose the Collateral Agent to liability or that is contrary to
any Security Document or applicable law;

     (iii) shall not, except as expressly set forth herein and in the other Security
Documents, have any duty to disclose, and shall not be liable for the failure to disclose,
any information relating to a Grantor or any of its Affiliates that is

16

 

communicated to or obtained by the person serving as the Collateral Agent or
any of its Affiliates in any capacity;

     (iv) shall not be liable for any action taken or not taken by it (1) with the consent
or at the request of the Applicable Authorized Representative or (2) in the absence of its
own gross negligence or willful misconduct or (3) in reliance on a certificate of an
authorized officer of the Company stating that such action is permitted by the terms of
this Agreement or the Security Documents. The Collateral Agent shall be deemed not to have
knowledge of any Event of Default under any Series of Obligations unless and until written
notice describing such Event of Default is given to the Collateral Agent by the Authorized
Representative of such Obligations or a Grantor; and

     (v) shall not be responsible for or have any duty to ascertain or inquire into (1) any
statement, warranty or representation made in or in connection with this Agreement (except
for its representations and warranties set forth in Article V) or any other Security
Document, (2) the contents of any certificate, report or other document delivered hereunder
or thereunder or in connection herewith or therewith, (3) the performance or observance of
any of the covenants, agreements or other terms or conditions set forth herein or therein
or the occurrence of any Default or Event of Default, (4) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Security Document or any other
agreement, instrument or document, or the creation, perfection or priority of any Lien
purported to be created by the Security Documents, (5) the value or the sufficiency of any
Collateral for any Series of Obligations or (6) the satisfaction of any condition set forth
in any Credit Document, other than to confirm receipt of items expressly required to be
delivered to the Collateral Agent.

          SECTION 4.04. Reliance by Collateral Agent. The Collateral Agent shall be entitled
to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message,
Internet or intranet website posting or other distribution) believed by it to be genuine and to
have been signed, sent or otherwise authenticated by the proper person. The Collateral Agent also
may rely upon any statement made to it orally or by telephone and believed by it to have been made
by the proper person, and shall not incur any liability for relying thereon. The Collateral Agent
may consult with legal counsel (who may be counsel for the Company), independent accountants and
other experts selected by it, and shall not be liable for any action taken or not taken by it in
accordance with the advice of any such counsel, accountants or experts. The Collateral Agent may
at any time solicit written confirmatory instructions, in the form of an officers’ certificate of
the Company or an order of a court of competent jurisdiction, as to any action that it may be
requested or required to take, or that it may propose to take, in the performance of any of its
obligations under this Agreement or the Security Documents. The Collateral Agent will be entitled
to require that all agreements, certificates, opinions, instruments and other documents at any time
submitted to it, including those expressly provided for in this Agreement or the Security
Documents, be delivered to it in a form and with substantive provisions reasonably satisfactory to
it.

17

 

          SECTION 4.05. Delegation of Duties. The Collateral Agent may perform any and all of
its duties and exercise its rights and powers hereunder or under any other Security Document by or
through any one or more sub-agents appointed by the Collateral Agent. The Collateral Agent and any
such sub-agent may perform any and all of its duties and exercise its rights and powers by or
through its respective Affiliates. The exculpatory provisions of this Article shall apply to any
such sub-agent and to the Affiliates of the Collateral Agent and any such sub-agent.

          SECTION 4.06. Termination and Resignation of Collateral Agent.

The Collateral Agent may at any time give notice of its resignation as Collateral Agent under
this Agreement and the other Security Documents to each Authorized Representative and the Company.
Upon receipt of any such notice of resignation, the Applicable Authorized Representative shall have
the right, in consultation with the Company, to appoint a successor, which shall be a bank with an
office in the United States, or an Affiliate of any such bank with an office in the United States.
If no such successor shall have been so appointed by the Applicable Authorized Representative and
shall have accepted such appointment within 30 days after the retiring Collateral Agent gives
notice of its resignation, then the retiring Collateral Agent may, on behalf of the Secured
Parties, appoint a successor Collateral Agent meeting the qualifications set forth above;
provided that if the Collateral Agent shall notify the Company and each Authorized
Representative that no qualifying person has accepted such appointment, then such resignation shall
nonetheless become effective in accordance with such notice and (a) the retiring Collateral Agent
shall be discharged from its duties and obligations hereunder and under the other Security
Documents (except that in the case of any collateral security held by the Collateral Agent on
behalf of the Secured Parties under any of the Security Documents, the retiring Collateral Agent
shall continue to hold such collateral security solely for purposes of maintaining the perfection
of the security interests of the Secured Parties therein until such time as a successor Collateral
Agent is appointed but with no obligation to take any further action at the request of the
Applicable Authorized Representative or any other Secured Parties) and (b) all payments,
communications and determinations provided to be made by, to or through the Collateral Agent shall
instead be made by or to each Authorized Representative directly, until such time as the Applicable
Authorized Representative appoints a successor Collateral Agent as provided for above in this
Section. Upon the acceptance of a successor’s appointment as Collateral Agent hereunder and under
the Security Documents, such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring (or retired) Collateral Agent, and the retiring
Collateral Agent shall be discharged from all of its duties and obligations hereunder or under the
other Security Documents (if not already discharged therefrom as provided above in this Section).
After the retiring Collateral Agent’s resignation hereunder and under the other Loan Documents, the
provisions of this Article shall continue in effect for the benefit of such retiring Collateral
Agent, its sub-agents and their respective Related Parties in respect of any actions taken or
omitted to be taken by any of them while the retiring Collateral Agent was acting as Collateral
Agent. Upon any notice of resignation of the Collateral Agent hereunder and under the other
Security Documents, the Company agrees to use commercially reasonable efforts to transfer (and
maintain the validity and priority of) the Liens in favor of the retiring Collateral Agent under
the Security Documents to the successor Collateral Agent.

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          SECTION 4.07. Non-Reliance on Collateral Agent and other Secured Parties. Each
Secured Party acknowledges that it has, independently and without reliance upon the Collateral
Agent, any Authorized Representative or any other Secured Party or any of their Affiliates and
based on such documents and information as it has deemed appropriate, made its own credit analysis
and decision to enter into this Agreement and the other Credit Documents. Each Secured Party also
acknowledges that it will, independently and without reliance upon the Collateral Agent, any
Authorized Representative or any other Secured Party or any of their Affiliates and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own
decisions in taking or not taking action under or based upon this Agreement, any other Credit
Document or any related agreement or any document furnished hereunder or thereunder.

          SECTION 4.08. Collateral Matters. Each of the Secured Parties irrevocably authorizes
the Collateral Agent, and the Collateral Agent hereby agrees:

     (a) to release any Lien on any property granted to or held by the Collateral Agent
under any Security Document in accordance with Sections 2.02 and 2.04 or upon receipt of a
written request from the Company and, if requested by the Collateral Agent, an opinion of
counsel and officer’s certificate from the Company, each in form and substance satisfactory
to the Collateral Agent, confirming that such release is permitted or required by the terms
of each then extant Credit Document; and

     (b) in connection with any release pursuant to this Section 4.08, to promptly (i)
execute and deliver to any Grantor, at such Grantor’s expense, all Uniform Commercial Code
termination statements, all releases and other documents that such Grantor shall reasonably
request to effectively evidence such release and (ii) deliver to the Grantors any portion
of such Collateral so released in possession of the Collateral Agent.

          SECTION 4.09. Indemnity and Expenses. (a) Each Grantor agrees to indemnify, defend
and save and hold harmless each Secured Party and each of their Affiliates and their respective
officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and
against, and shall pay on demand, any and all claims, damages, losses, liabilities and expenses
(including fees and expenses of counsel that may be incurred by or asserted or awarded against any
Indemnified Party, in each case arising out of or in connection with or resulting from this
Agreement (including, without limitation, enforcement of this Agreement), except to the extent such
claim, damage, loss, liability or expense has resulted from such Indemnified Party’s gross
negligence or willful misconduct.

          (b) Each Grantor will upon demand pay to the Collateral Agent and the Agents the amount of
any and all out-of-pocket expenses, including the fees and expenses of its counsel and of any
experts and agents, that they may incur in connection with (i) the administration of this
Agreement, or (ii) the custody, preservation, use or operation

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of, or the sale of, collection from or other realization upon, any of the Collateral of such
Grantor.

          (c) Each Grantor will upon demand pay to the Collateral Agent and the Authorized
Representatives the amount of any and all out-of-pocket expenses, including the fees, disbursements
and other charges of counsel in connection with (i) the exercise or enforcement of any of the
rights of the Collateral Agent, the Authorized Representatives or the other Secured Parties
hereunder or (ii) the failure by such Grantor to perform or observe any of the provisions hereof.

          (d) Any such amounts payable as provided hereunder shall be additional Obligations secured
hereby and by the other Security Documents. The provisions of this Section 4.09 shall remain
operative and in full force and effect regardless of the termination of this Agreement or any other
Credit Document, the consummation of the transactions contemplated hereby, the repayment of any of
the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or
any other Credit Document, or any investigation made by or on behalf of the Collateral Agent or any
other Secured Party. All amounts due under this Section 4.09 shall be payable promptly following
written demand therefor and shall bear interest, on and from the date of demand, at the rate
specified in Section 2.07(b) of the Credit Agreement.

ARTICLE V

Miscellaneous

          SECTION 5.01. Notices. All notices and other communications provided for herein
shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by fax, as follows:

          (a) if to the Collateral Agent, to it at Wilmington Trust Company, 1100 North Market Street,
Wilmington, DE 19890, Attention of Corporate Capital Markets (Telephone: 302-636-6395, Fax No.
302-636-4145);

          (b) if to the Trustee, to it at Wilmington Trust Company, 1100 North Market Street,
Wilmington, DE 19890, Attention of Corporate Capital Markets (Telephone: 302-636-6395, Fax No.
302-636-4145)

          (c) if to the Administrative Agent, to it at Credit Suisse AG, Cayman Islands Branch, Agency
Manager, Eleven Madison Avenue, New York, NY 10010 (Fax No. 212-322-2291), Email:
agency.loanops@credit-suisse.com;

          (d) if to any Additional Authorized Representative, to it at the address set forth in the
applicable Additional Authorized Representative Joinder Agreement; and

          (e) if to a Grantor, to it at 1750 Tysons Boulevard, Suite 1300, McLean, VA, Attention of
Michael J. Alber (Fax No. (703) 336-6795).

20

 

Any party hereto may change its address or fax number for notices and other communications
hereunder by notice to the other parties hereto. All notices and other communications given to any
party hereto in accordance with the provisions of this Agreement shall be deemed to have been given
on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all other
cases) if delivered by hand or overnight courier service or sent by fax or on the date five
Business Days after dispatch by certified or registered mail if mailed, in each case delivered,
sent or mailed (properly addressed) to such party as provided in this Section 5.01 or in accordance
with the latest unrevoked direction from such party given in accordance with this Section 5.01. As
agreed to in writing among the Collateral Agent and each Authorized Representative from time to
time, notices and other communications may also be delivered by e-mail to the e-mail address of a
representative of the applicable person provided from time to time by such person.

          SECTION 5.02. Waivers; Amendment. (a) No failure or delay on the part of any party
hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any
single or partial exercise of any such right or power, or any abandonment or discontinuance of
steps to enforce such a right or power, preclude any other or further exercise thereof or the
exercise of any other right or power. The rights and remedies of the parties hereto are cumulative
and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any
provision of this Agreement or consent to any departure by any party therefrom shall in any event
be effective unless the same shall be permitted by paragraph (b) of this Section, and then such
waiver or consent shall be effective only in the specific instance and for the purpose for which
given. No notice or demand on any party hereto in any case shall entitle such party to any other
or further notice or demand in similar or other circumstances.

          (b) Neither this Agreement nor any provision hereof may be terminated, waived, amended or
modified except pursuant to an agreement or agreements in writing entered into by each Authorized
Representative and the Collateral Agent; provided that (i) without the consent of any party
hereto, (A) in accordance with paragraph (c) of this Section 5.02 this Agreement may be
supplemented by an Additional Authorized Representative Joinder Agreement and an Additional
Authorized Representative may be become a party hereto and (B) in accordance with paragraph (d) of
this Section 5.02 this Agreement may be supplemented by a Grantor Joinder Agreement and a
Subsidiary may become a party hereto.

          (c) So long as expressly permitted by the Credit Documents then outstanding, the Company may
from time to time designate Indebtedness and related obligations at the time of incurrence to be
secured on a pari passu basis with the then outstanding Obligations as “Additional Obligations”
hereunder by delivering to the Collateral Agent and each Authorized Representative party hereto at
such time (i) a certificate signed by a Responsible Officer of the Company (A) identifying the
Indebtedness and other obligations so designated and the aggregate principal amount or face amount
thereof as of the date of such certificate, (B) stating that such Indebtedness and other
obligations are designated as Additional Obligations for purposes hereof, (C) representing that
such designation of such Indebtedness and other obligations as

21

 

Additional Obligations does not violate the terms of the Credit Documents then outstanding and
(D) specifying the name and address of the authorized representative for such Indebtedness and
other obligations (the “Additional Authorized Representative”) and (ii) a completed and fully
executed Additional Authorized Representative Joinder Agreement. Upon the delivery of such
certificate and the related attachments as provided herein, the obligations designated in such
certificate as “Additional Obligations” shall become Additional Obligations for all purposes of
this Agreement. Each Additional Authorized Representative agrees that upon the satisfaction of all
conditions set forth in the preceding sentence, the Collateral Agent shall act hereunder for the
benefit of all Secured Parties, including any Secured Parties that hold any Additional Obligations,
and each Additional Authorized Representative agrees to the appointment, and acceptance of the
appointment, of the Collateral Agent as agent for the holders of such Additional Obligations as set
forth in each Additional Authorized Representative Joinder Agreement and agrees, on behalf of
itself and each Secured Party it represents, to be bound by this Agreement.

          (d) In the event any Subsidiary shall have granted a Lien on any of its assets to secure any
Obligations, the Company shall cause such Subsidiary to become a party hereto as a “Grantor”. Upon
the execution and delivery by any Subsidiary of a Grantor Joinder Agreement, any such Subsidiary
shall become a party hereto and a Grantor hereunder with the same force and effect as if originally
named as such herein. The execution and delivery of any such instrument shall not require the
consent of any other party hereto. The rights and obligations of each party hereto shall remain in
full force and effect notwithstanding the addition of any new Grantor as party to this Agreement.

          SECTION 5.03. Parties in Interest. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns, as well as the other
Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of,
this Agreement.

          SECTION 5.04. Survival of Agreement. All covenants, agreements, representations and
warranties made by any party in this Agreement shall be considered to have been relied upon by the
other parties hereto and shall survive the execution and delivery of this Agreement.

          SECTION 5.05. Obligations Absolute. The Lien priorities provided for herein and the
respective rights, interests, agreements and obligations hereunder of the Collateral Agent and the
other Secured Parties shall remain in full force and effect irrespective of:

          (a) any lack of validity or enforceability of any Credit Document;

          (b) any change in the time, place or manner of payment of, or in any other term of (including
the Refinancing of), all or any portion of the Obligations, it being specifically acknowledged that
a portion of the Obligations consists or may consist of Indebtedness that is revolving in nature,
and the amount thereof that may be outstanding

22

 

at any time or from time to time may be increased or reduced and subsequently reborrowed;

          (c) any change in the time, place or manner of payment of, or in any other term of, all or
any portion of the Obligations;

          (d) any amendment, waiver or other modification, whether by course of conduct or otherwise,
of any Credit Document;

          (e) the securing of any Obligations with any additional collateral or guarantees, or any
exchange, release, voiding, avoidance or non-perfection of any security interest in any Collateral
or any other collateral or any release of any guarantee securing any Obligations; or

          (f) any other circumstances that otherwise might constitute a defense available to, or a
discharge of, any Grantor in respect of the Obligations or this Agreement.

          SECTION 5.06. Counterparts. This Agreement may be executed in counterparts, each of
which shall constitute an original but all of which when taken together shall constitute a single
contract. Delivery of an executed signature page to this Agreement by facsimile or other
electronic transmission shall be as effective as delivery of a manually signed counterpart of this
Agreement.

          SECTION 5.07. Severability. In the event any one or more of the provisions contained
in this Agreement should be held invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall not in any way be
affected or impaired thereby (it being understood that the invalidity of a particular provision in
a particular jurisdiction shall not in and of itself affect the validity of such provision in any
other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as
close as possible to that of the invalid, illegal or unenforceable provisions.

          SECTION 5.08. Governing Law; Jurisdiction; Consent to Service of Process. This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

          SECTION 5.09. Submission To Jurisdiction Waivers. (a) Each party hereto hereby
irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction
of any New York State court or Federal court of the United States of America sitting in New York
County, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement, or for recognition or enforcement of any judgment, and each of the
parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such
action or proceeding may be heard and determined only in such New York State court or, to the
extent permitted by law, in such Federal court. Each party hereto agrees that a final judgment in
any such

23

 

action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on
the judgment or in any other manner provided by law.

          (b) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it
may legally and effectively do so, any objection which it may now or hereafter have to the laying
of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New
York State court or in any such Federal court. Each party hereto hereby irrevocably waives, to the
fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such
action or proceeding in any such court.

          (c) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 5.01. Nothing in this Agreement will affect the right of any party
to this Agreement to serve process in any other manner permitted by law.

          SECTION 5.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH
PARTY HERETO (A) CERTIFIES THAT NO AUTHORIZED REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 5.10.

          SECTION 5.11. Headings. Article and Section headings used herein and in the Table of
Contents hereto are for convenience of reference only, are not part of this Agreement and are not
to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

          SECTION 5.12. Conflicts. In the event of any conflict or inconsistency between the
provisions of this Agreement and the provisions of any of the other Credit Documents or Security
Documents, the provisions of this Agreement shall control.

          SECTION 5.13. Provisions Solely to Define Relative Rights. The provisions of this
Agreement are and are intended solely for the purpose of defining the relative rights of the
Secured Parties in relation to one another. None of the Company, any other Grantor or any other
creditor thereof shall have any rights or obligations hereunder, except as expressly provided in
this Agreement (provided that nothing in this Agreement (other than Section 2.04, 2.05,
2.08, 2.09, 2.10 or Article V) is intended to or will amend, waive or otherwise modify the
provisions of the Credit Documents), and none of the Company or any other Grantor may rely on the
terms hereof (other than

24

 

Sections 2.04, 2.05, 2.08, 2.09, 2.10 and Article V). Nothing in this
Agreement is intended to or shall impair the obligations of any Grantor, which are absolute and
unconditional, to pay the Obligations as and when the same shall become due and payable in
accordance with their terms.

          SECTION 5.14. Integration. This Agreement together with the other Credit Documents
and the Security Documents represents the agreement of each of the Grantors and the Secured Parties
with respect to the subject matter hereof and there are no promises, undertakings, representations
or warranties by any Grantor, the Collateral Agent or any other Secured Party relative to the
subject matter hereof not expressly set forth or referred to herein or in the other Credit
Documents or the Security Documents.

          SECTION 5.15. Confidentiality. The Collateral Agent agrees to take normal and
reasonable precautions and exercise due care to maintain the confidentiality of all information
provided to the Collateral Agent by or on behalf of any Grantor under this Agreement or any other
Credit Document, except to the extent that such information (i) was or becomes generally available
to the public other than as a result of disclosure by the Collateral Agent or (ii) was or becomes
available on a non-confidential basis from a source other than any of the Grantors;
provided that such source is not bound by a confidentiality obligation with any of the
Grantors known to the Collateral Agent. Notwithstanding the foregoing, the Collateral Agent may
disclose any such information (A) at the request or pursuant to any requirement of any Governmental
Authority to which the Collateral Agent is subject or in connection with an examination of the
Collateral Agent by any such Governmental Authority, (B) pursuant to subpoena or other court
process, (C) when required to do so in accordance with the provisions of any applicable requirement
of law, (D) to the extent reasonably required in connection with any litigation or proceeding
(including, but not limited to, any Bankruptcy Case) to which the Collateral Agent or its
respective Affiliates may be party, (E) to the extent required in connection with the exercise of
any remedy or enforcement of any rights hereunder or under any other Credit Document, (F) to the
Collateral Agent’s independent auditors, accountants, attorneys, and other professional advisors
who shall be advised of their obligation to keep such information confidential, (G) as expressly
permitted under the terms of any other document or agreement regarding confidentiality to which any
of the Grantors is a party or is deemed a party with the Collateral Agent, and (H) to its
Affiliates to be used in connection with this Agreement and the Credit Documents and the
transactions contemplated hereby and thereby so long as such Affiliates agree to keep such
information confidential to the same extent required by the Collateral Agent hereunder.

          SECTION 5.16. Further Assurances. Each of the Collateral Agent, each Authorized
Representative and the Grantors agrees that it will execute, or will cause to be executed, any and
all further documents, agreements and instruments, and take all such further actions, as may be
required under any applicable law, or which the Collateral Agent or any Authorized Representative
may reasonably request, to effectuate the terms of this Agreement.

[Remainder of this page intentionally left blank]

25

 

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

	 	 	 	 	 
	 	WILMINGTON TRUST COMPANY,

as Trustee and Collateral Agent,

 	 
	 	by  	/s/ Christopher J. Slaybaugh	 
	 	 	Name:  	Christopher J. Slaybaugh	 
	 	 	Title:  	Assistant Vice President	 
	 

[Signature Page to Alion Intercreditor Agreement]

 

	 	 	 	 	 
	 	CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH,

as Administrative Agent,

 	 
	 	by  	/s/
Robert Hetu
 	 
	 	 	Name:  	Robert Hetu 	 
	 	 	Title:  	Managing Director 	 
	 
	 	by  	
/s/ Christopher Reo Day
 	 
	 	 	Name:  	Christopher Reo Day 	 
	 	 	Title:  	Associate 	 
	 

[Signature
Page to Alion Intercreditor Agreement]

 

 

	 	 	 	 	 
	 	ALION SCIENCE AND
TECHNOLOGY CORPORATION,

 	 
	 	by  	/s/ Michael J. Alber 	 
	 	 	Name:  	Michael J. Alber 	 
	 	 	Title:  	Senior Vice President, Chief Financial Officer and Treasurer 	 
	 
	 	ALION — BMH CORPORATION,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — CATI CORPORATION,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — IPS CORPORATION,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — JJMA CORPORATION,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — MA&D CORPORATION,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 

[Signature Page to Alion
Intercreditor Agreement]

 

 

	 	 	 	 	 
	 	ALION — METI CORPORATION,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION CANADA (US) CORPORATION,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	HUMAN FACTORS
APPLICATIONS, INC.,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	WASHINGTON CONSULTING, INC.,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	WASHINGTON CONSULTING
GOVERNMENT SERVICES, INC.,

 	 
	 	by  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 

[Signature Page to Alion
Intercreditor Agreement]

 

 

EXHIBIT I

          [FORM OF] ADDITIONAL AUTHORIZED REPRESENTATIVE JOINDER AGREEMENT NO.
[  ] dated as of [       ], 20[   ] (the “Additional Authorized
Representative Joinder Agreement”), to the INTERCREDITOR AGREEMENT dated
as of March 22, 2010 (the “Intercreditor Agreement”), among ALION SCIENCE
AND TECHNOLOGY CORPORATION, a Delaware corporation (the “Company”), the
GRANTORS party thereto, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as the
Administrative Agent, WILMINGTON TRUST COMPANY, as the Trustee and the
Collateral Agent, [          ], as the Initial Additional Authorized
Representative, and each ADDITIONAL AUTHORIZED REPRESENTATIVE from time to
time party thereto.

          Capitalized terms used herein but not otherwise defined herein shall have the meanings
assigned to such terms in the Intercreditor Agreement.

          The Company and the other Grantors propose to issue or incur “Additional Obligations”
designated by the Company as such in accordance with Section 5.02(c) of the Intercreditor Agreement
in a certificate of a Responsible Officer of the Company delivered concurrently herewith to the
Collateral Agent and the Authorized Representatives (the “Additional Obligations”). The person
identified in the signature pages hereto as the “Additional Authorized Representative” (the
“Additional Authorized Representative”) will serve as the administrative agent, trustee or a
similar representative for the holders of the Additional Obligations (the “Additional Secured
Parties”).

          The Additional Authorized Representative wishes, in accordance with the provisions of the
Intercreditor Agreement, to become a party to the Intercreditor Agreement and to acquire and
undertake, for itself and on behalf of the Additional Secured Parties, the rights and obligations
of an “Additional Authorized Representative” and “Secured Parties” thereunder.

          Accordingly, the Additional Authorized Representative, for itself and on behalf of the
Additional Secured Parties, and the Company agree as follows, for the benefit of the Collateral
Agent, the existing Authorized Representatives and the existing Secured Parties:

          SECTION 1.01 Accession to the Intercreditor Agreement. The Additional Authorized
Representative hereby (a) accedes and becomes a party to the Intercreditor Agreement as an
“Additional Authorized Representative”, (b) agrees, for itself and on behalf of the Additional
Secured Parties, to all the terms and provisions of the Intercreditor Agreement and (c)
acknowledges and agrees that (i) the Additional Obligations and Liens on any Shared Collateral
securing the same shall be subject to the provisions of the Intercreditor Agreement and (ii) the
Additional Authorized Representative and the Additional Secured Parties shall have the rights and
obligations specified under the Intercreditor Agreement with respect to an “Authorized
Representative” or a “Secured Party”, and shall be subject to and bound by the provisions

 

 

of the Intercreditor Agreement. The Intercreditor Agreement is hereby incorporated by
reference.

          SECTION 1.02 Representations and Warranties of the Additional Authorized
Representative. The Additional Authorized Representative represents and warrants to the
Collateral Agent, the existing Authorized Representatives and the existing Secured Parties that (a)
it has full power and authority to enter into this Additional Authorized Representative Joinder
Agreement, in its capacity as the Additional Authorized Representative, (b) this Additional
Authorized Representative Joinder Agreement has been duly authorized, executed and delivered by it
and constitutes its legal, valid and binding obligation, enforceable against it in accordance with
its terms, and (c) the Additional Agreement relating to the Additional Obligations provides that,
upon the Additional Authorized Representative’s execution and delivery of this Additional
Authorized Representative Joinder Agreement, (i) the Additional Obligations and Liens on any Shared
Collateral securing the same shall be subject to the provisions of the Intercreditor Agreement and
(ii) the Additional Authorized Representative and the Additional Secured Parties shall have the
rights and obligations specified therefor under, and shall be subject to and bound by the
provisions of, the Intercreditor Agreement.

          SECTION 1.03 Parties in Interest. This Additional Authorized Representative Joinder
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, as well as the other Secured Parties, all of whom are intended to be bound
by (in the case of the Additional Secured Parties), and to be third party beneficiaries of (in the
case of all Secured Parties), this Additional Authorized Representative Joinder Agreement.

          SECTION 1.04 Counterparts. This Additional Authorized Representative Joinder
Agreement may be executed in counterparts, each of which shall constitute an original but all of
which when taken together shall constitute a single contract. Delivery of an executed signature
page to this Agreement by facsimile or other electronic transmission shall be as effective as
delivery of a manually signed counterpart of this Additional Authorized Representative Joinder
Agreement.

          SECTION 1.05 Governing Law. This Additional Authorized Representative Joinder
Agreement shall be construed in accordance with and governed by the law of the State of New York.

          SECTION 1.06 Notices. All communications and notices hereunder shall be in writing
and given as provided in Section 5.01 of the Intercreditor Agreement. All communications and
notices hereunder to the Additional Authorized Representative shall be given to it at the address
set forth under its signature hereto, which information supplements Section 5.01 to the
Intercreditor Agreement.

          SECTION 1.07 Expenses. The Company agrees to reimburse the Collateral Agent and each
of the Authorized Representatives for its reasonable out-of-pocket expenses in connection with this
Additional Authorized Representative Joinder

 

 

Agreement, including the reasonable fees, other charges and disbursements of counsel for the
Collateral Agent and any of the Authorized Representatives.

          IN WITNESS WHEREOF, the Additional Authorized Representative and the Company have duly
executed this Additional Authorized Representative Joinder Agreement to the Intercreditor Agreement
as of the day and year first above written.

	 	 	 	 	 
	 	[      ], as Additional Authorized

Representative,

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	Address for notices:

 	 
	 	
 	 
	 	
 	 	 
	 	attention of: 	 	 
	 	Facsimile: 	 	 
	 

	 	 	 	 	 
	 	ALION SCIENCE AND
TECHNOLOGY CORPORATION,

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 
	Acknowledged by:

WILMINGTON TRUST COMPANY,
as Trustee and Collateral
Agent,

 	 
	by  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	CREDIT SUISSE AG, CAYMAN
ISLANDS BRANCH, as
Administrative Agent,

 	 
	by  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 
	by  	
 	 
	 	Name:  	 	 
	 	Title:  	 	 

 

 

EXHIBIT
II

          [FORM OF] GRANTOR JOINDER AGREEMENT NO. [   ] dated as of [     ],
20[   ] (the “Grantor Joinder Agreement”), to the INTERCREDITOR AGREEMENT dated
as of March 22, 2010 (the “Intercreditor Agreement”), among ALION SCIENCE
AND TECHNOLOGY CORPORATION, a Delaware corporation (the “Company”), the
GRANTORS party thereto, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as the
Administrative Agent, WILMINGTON TRUST COMPANY, as the Trustee and the
Collateral Agent, [          ], as the Initial Additional Authorized
Representative, and each ADDITIONAL AUTHORIZED REPRESENTATIVE from time to
time party thereto.

          Capitalized terms used herein but not otherwise defined herein shall have the meanings
assigned to such terms in the Intercreditor Agreement.

          [          ], a [     ] [corporation] and a Subsidiary of the Company (the “Additional
Grantor”), has granted a Lien on all or a portion of its assets to secure Obligations and such
Additional Grantor is not currently a party to the Intercreditor Agreement.

          The Additional Grantor wishes to become a party to the Intercreditor Agreement and to acquire
and undertake the rights and obligations of a Grantor thereunder. The Additional Grantor is
entering into this Grantor Joinder Agreement in accordance with the provisions of the Intercreditor
Agreement in order to become a Grantor thereunder.

          Accordingly, the Additional Grantor agrees as follows, for the benefit of the Collateral
Agent, the Authorized Representatives and the Secured Parties:

          SECTION 1.01. Accession to the Intercreditor Agreement. The Additional Grantor (a)
hereby accedes and becomes a party to the Intercreditor Agreement as a “Grantor”, (b) agrees to all
the terms and provisions of the Intercreditor Agreement and (c) acknowledges and agrees that the
Additional Grantor shall have the rights and obligations specified under the Intercreditor
Agreement with respect to a “Grantor”, and shall be subject to and bound by the provisions of the
Intercreditor Agreement.

          SECTION 1.02. Representations and Warranties of the Additional Grantor. The
Additional Grantor represents and warrants to the Collateral Agent, the Authorized Representatives
and the Secured Parties that this Grantor Joinder Agreement has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in
accordance with its terms.

          SECTION 1.03. Parties in Interest. This Grantor Joinder Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective

 

 

successors and assigns, as well as the other Secured Parties, all of whom are intended to be
third party beneficiaries of this Agreement.

          SECTION 1.04. Counterparts. This Grantor Joinder Agreement may be executed in
counterparts, each of which shall constitute an original but all of which when taken together shall
constitute a single contract. Delivery of an executed signature page to this Grantor Joinder
Agreement by facsimile or other electronic transmission shall be as effective as delivery of a
manually signed counterpart of this Grantor Joinder Agreement.

          SECTION 1.05. Governing Law. This Grantor Joinder Agreement shall be construed in
accordance with and governed by the law of the State of New York.

          SECTION 1.06. Notices. All communications and notices hereunder shall be in writing
and given as provided in Section 5.01 of the Intercreditor Agreement.

          SECTION 1.07. Expenses. The Additional Grantor agrees to reimburse the Collateral
Agent and each of the Authorized Representatives for its reasonable out-of-pocket expenses in
connection with this Grantor Joinder Agreement, including the reasonable fees, other charges and
disbursements of counsel for the Collateral Agent and any of the Authorized Representatives.

          SECTION 1.08. Incorporation by Reference. The provisions of the Intercreditor
Agreement are hereby incorporated by reference, mutatis mutandis, as if set forth
in full herein.

 

 

          IN WITNESS WHEREOF, the Additional Grantor has duly executed this Grantor Joinder Agreement to
the Intercreditor Agreement as of the day and year first above written.

	 	 	 	 	 
	 	[NAME OF SUBSIDIARY],

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:exv10w97

Exhibit 10.97

EXECUTION
VERSION

 

 

SECURITY AGREEMENT

dated as of

March 22, 2010,

among

ALION SCIENCE AND TECHNOLOGY CORPORATION,

the Subsidiaries of ALION SCIENCE AND TECHNOLOGY CORPORATION

identified herein

and

WILMINGTON TRUST COMPANY

as Collateral Agent

for the Secured Parties referred to herein

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE I	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Definitions	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 1.01.
	 	Credit Agreement and Indenture	 	 	2	 
	SECTION 1.02.
	 	Other Defined Terms	 	 	2	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE II	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Pledge of Securities	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 2.01.
	 	Pledge	 	 	8	 
	SECTION 2.02.
	 	Delivery of the Pledged Collateral	 	 	9	 
	SECTION 2.03.
	 	Representations, Warranties and Covenants	 	 	9	 
	SECTION 2.04.
	 	Certification of Limited Liability Company Interests and Limited Partnership Interests	 	 	10	 
	SECTION 2.05.
	 	Registration in Nominee Name; Denominations	 	 	10	 
	SECTION 2.06.
	 	Voting Rights; Dividends and Interest, etc	 	 	10	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE III	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Security Interests in Personal Property	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 3.01.
	 	Security Interest	 	 	13	 
	SECTION 3.02.
	 	Representations and Warranties	 	 	14	 
	SECTION 3.03.
	 	Covenants	 	 	16	 
	SECTION 3.04.
	 	Other Actions	 	 	19	 
	SECTION 3.05.
	 	Covenants Regarding Patent, Trademark and Copyright Collateral	 	 	22	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE IV	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Remedies	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 4.01.
	 	Remedies upon Default	 	 	23	 
	SECTION 4.02.
	 	Application of Proceeds	 	 	25	 
	SECTION 4.03.
	 	Grant of License to Use Intellectual Property	 	 	25	 
	SECTION 4.04.
	 	Securities Act, etc	 	 	26	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE V	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	Miscellaneous	 	 	 	 
	 
	 	 	 	 	 	 
	SECTION 5.01.
	 	Notices	 	 	26	 
	SECTION 5.02.
	 	Security Interest Absolute	 	 	27	 

 

 

2

	 	 	 	 	 	 	 
	 	 	 	 	Page	 
	 
	 	 	 	 	 	 
	SECTION 5.03.
	 	Survival of Agreement	 	 	27	 
	SECTION 5.04.
	 	Binding Effect; Several Agreement	 	 	28	 
	SECTION 5.05.
	 	Successors and Assigns	 	 	28	 
	SECTION 5.06.
	 	Indemnity and Expenses	 	 	28	 
	SECTION 5.07.
	 	Collateral Agent Appointed Attorney-in-Fact	 	 	29	 
	SECTION 5.08.
	 	Applicable Law	 	 	30	 
	SECTION 5.09.
	 	Waivers; Amendment	 	 	30	 
	SECTION 5.10.
	 	WAIVER OF JURY TRIAL	 	 	30	 
	SECTION 5.11.
	 	Severability	 	 	31	 
	SECTION 5.12.
	 	Counterparts	 	 	31	 
	SECTION 5.13.
	 	Headings	 	 	31	 
	SECTION 5.14.
	 	Jurisdiction; Consent to Service of Process	 	 	31	 
	SECTION 5.15.
	 	Termination or Release	 	 	32	 
	SECTION 5.16.
	 	Additional Grantors; Additional Secured Parties	 	 	33	 
	SECTION 5.17.
	 	Right of Setoff	 	 	34	 

Schedules

	 	 	 
	Schedule I

	 	Subsidiary Grantors
	Schedule II

	 	Capital Stock; Debt Securities
	Schedule III

	 	Intellectual Property

Exhibits

	 	 	 
	Exhibit A

	 	Form of Supplement
	Exhibit B

	 	Form of Perfection Certificate

 

 

 

     SECURITY AGREEMENT dated as of March 22, 2010, among
ALION SCIENCE AND TECHNOLOGY CORPORATION, a Delaware corporation
(the “Company”), the subsidiaries of the Company identified herein
and WILMINGTON TRUST COMPANY, as collateral agent for the Secured
Parties (as defined below) (in such capacity, the “Collateral
Agent”).

PRELIMINARY STATEMENT

          Reference is made to (i) the Credit Agreement dated as of March 22, 2010 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company,
the lenders from time to time party thereto (the “Lenders”) and Credit Suisse AG, as administrative
agent (in such capacity, together with any successor administrative agent, the “Administrative
Agent”), (ii) the Indenture dated as of March 22, 2010 (as amended, supplemented or otherwise
modified from time to time, the “Indenture”), among the Company, the guarantors party thereto and
Wilmington Trust Company, as trustee (in such capacity, together with any successor trustee, the
“Trustee”) and (iii) the Intercreditor Agreement dated as of March 22, 2010 (as amended,
supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among the
Company, the other grantors party thereto, the Administrative Agent, the Trustee and the Collateral
Agent.

          Pursuant to the Credit Agreement, the Grantors (such term and each other capitalized term used
but not defined in this preliminary statement having the meaning given or ascribed to it in Article
I) are entering into this Agreement in order to grant to the Collateral Agent (for the ratable
benefit of the Bank Secured Parties), a security interest in the Collateral to secure their
respective Obligations. Pursuant to the Indenture, the Grantors are entering into this Agreement in
order to grant to the Collateral Agent (for the ratable benefit of the Notes Secured Parties), a
security interest in the Collateral to secure their respective Obligations. Pursuant to the
Additional Agreements (if any), the Grantors are entering into this Agreement in order to grant to
the Collateral Agent (for the ratable benefit of the Additional Lenders (as defined in the
respective applicable Additional Authorized Representative Joinder Agreement) (if any)) a security
interest in the Collateral to secure their respective Additional Obligations (as defined herein).

          It is a condition precedent to the extension and maintenance of credit to the Company under
the Credit Agreement and the purchase of the Notes by the Holders under the Indenture that the
Grantors shall have granted the assignment and security interest and made the pledge and assignment
contemplated by this Agreement.

          Each Subsidiary Grantor is an affiliate of the Company, will derive substantial benefits from
the transactions contemplated by the Indenture Documents, the Loan Documents and the Additional
Agreements (if any) (together, the “Finance Documents”) and is willing to execute and deliver this
Agreement in order to induce the Secured Parties to enter into the same. Accordingly, the parties
hereto agree as follows:

 

2

ARTICLE I

Definitions

          SECTION 1.01. Credit Agreement and Indenture. (a) Capitalized terms used in this
Agreement and not otherwise defined herein have the meanings set forth in the Credit Agreement, the
Indenture or the Intercreditor Agreement, as applicable, with the Credit Agreement controlling, in
the event of discrepancies. All terms defined in the New York UCC (as such term is defined herein)
and not defined in this Agreement have the meanings specified therein. All references to the
Uniform Commercial Code shall mean the New York UCC.

          (b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply to
this Agreement.

          SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms
have the meanings specified below:

          “Account” shall have the meaning assigned to such term in Section 9-102 of the New York UCC.

          “Account Debtor” shall mean any person who is or who may become obligated to any Grantor
under, with respect to or on account of an Account.

          “Accounts Receivable” shall mean all Accounts and all right, title and interest in any
returned goods, together with all rights, titles, securities and guarantees with respect thereto,
including any rights to stoppage in transit, replevin, reclamation and resales, and all related
security interests, liens and pledges, whether voluntary or involuntary, in each case whether now
existing or owned or hereafter arising or acquired.

          “Additional Agreements” shall have the meaning assigned to such term in the Intercreditor
Agreement.

          “Additional Authorized Representative Joinder Agreement” shall mean the document required to
be delivered by an Additional Secured Party pursuant to Section 5.02(c) of the Intercreditor
Agreement.

          “Additional Lenders” shall mean the holders of any Additional Obligations.

          “Additional Obligations” shall have the meaning assigned to such term in the Intercreditor
Agreement.

          “Additional Secured Party” shall have the meaning assigned to such term in Section 5.16.

          “Administrative Agent” shall have the meaning assigned to such term in the preliminary
statement.

 

3

          “Agents” shall mean the Administrative Agent and the Trustee.

          “Agreement” shall mean this Security Agreement, as it may be amended, restated, supplemented
or otherwise modified from time to time.

          “Article 9 Collateral” shall have the meaning assigned to such term in Section 3.01.

          “Bank Obligations” shall have the meaning assigned to such term in the Credit Agreement.

          “Bank Secured Parties” shall have the meaning assigned to such term in the Credit Agreement.

          “Bankruptcy Default” shall mean an event of default under (a) paragraph (g) or (h) of Article
VII of the Credit Agreement, (b) Section 6.01(7) or (8) of the Indenture or (c) any comparable
provision of any Additional Agreement or other Finance Document.

          “Chattel Paper” shall have the meaning assigned to such term in Section 9-102 of the New York
UCC.

          “Collateral” shall mean the Article 9 Collateral and the Pledged Collateral.

          “Collateral Agent” shall have the meaning assigned to such term in the preamble.

          “Collateral Agent Obligations” shall mean any and all obligations of a Grantor now or
hereafter existing, whether direct or indirect, absolute or contingent, and whether for principal,
reimbursement obligations, interest, fees, premiums, penalties, indemnifications, contract causes
of action, costs, expenses or otherwise, owed to the Collateral Agent pursuant to the terms of this
Agreement or any other Finance Document.

          “Commercial Tort Claim” shall have the meaning assigned to such term in Section 9-102 of the
New York UCC.

          “Commodity Intermediary” shall have the meaning assigned to such term in Section 9-102 of the
New York UCC.

          “Company” shall have the meaning assigned to such term in the preamble.

          “Copyright License” shall mean any written agreement, now or hereafter in effect, granting any
right to any third party under any copyright now or hereafter owned by any Grantor or that such
Grantor otherwise has the right to license, or granting any right to any Grantor under any
copyright now or hereafter owned by any third party, and all rights of such Grantor under any such
agreement.

 

4

          “Copyrights” shall mean all of the following now owned or hereafter acquired by any Grantor:
(a) all copyright rights in any work subject to the copyright laws of the United States or any
other country, whether as author, assignee, transferee or otherwise, and (b) all registrations and
applications for registration of any such copyright in the United States or any other country,
including registrations, recordings, supplemental registrations and pending applications for
registration in the United States Copyright Office (or any successor office or any similar office
in any other country), including those listed on Schedule III.

          “Credit Agreement” shall have the meaning assigned to such term in the preliminary statement.

          “Deemed Dividend Problem” shall mean, with respect to any Foreign Subsidiary, all or any
portion of such Foreign Subsidiary’s accumulated and undistributed earnings and profits being
deemed to be repatriated to the Company or the applicable parent Domestic Subsidiary for U.S.
federal income tax purposes and the effect of such repatriation causing adverse tax consequences to
the Company or such parent Domestic Subsidiary, in each case as determined by the Company in its
commercially reasonable judgment acting in good faith and in consultation with its legal and tax
advisors.

          “Deposit Account” shall have the meaning assigned to such term in Section 9-102 of the New
York UCC.

          “Electronic Chattel Paper” shall have the meaning assigned to such term in Section 9-102 of
the New York UCC.

          “Entitlement Holder” shall have the meaning assigned to such term in Section 8-102 of the New
York UCC.

          “Entitlement Order” shall have the meaning assigned to such term in Section 8-102 of the New
York UCC.

          “Equipment” shall have the meaning assigned to such term in Section 9-102 of the New York UCC.

          “Equity Interests” shall mean shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity interests
in any person, or any obligations convertible into or exchangeable for, or giving any person a
right, option or warrant to acquire such equity interests or such convertible or exchangeable
obligations.

          “Federal Securities Laws” shall have the meaning assigned to such term in Section 4.04.

          “Financial Asset” shall have the meaning assigned to such term in Section 8-102 of the New
York UCC.

 

5

          “Financial Assistance Problem” shall mean, with respect to any Foreign Subsidiary, the
inability of such Foreign Subsidiary to become a Grantor or to permit its Equity Interests from
being pledged to the Collateral Agent on account of legal or financial limitations imposed by the
jurisdiction of organization of such Foreign Subsidiary or other relevant jurisdictions having
authority over such Foreign Subsidiary, in each case as determined by the Company in its
commercially reasonable judgment acting in good faith and in consultation with its legal and tax
advisors.

          “Finance Documents” shall have the meaning assigned to such term in the preliminary statement.

          “General Intangibles” shall mean all choses in action and causes of action and all other
intangible personal property of any Grantor of every kind and nature (other than Accounts) now
owned or hereafter acquired by any Grantor, including all rights and interests in partnerships,
limited partnerships, limited liability companies and other unincorporated entities, corporate or
other business records, indemnification claims, contract rights (including rights under leases,
whether entered into as lessor or lessee, Hedging Agreements and other agreements), Intellectual
Property, goodwill, registrations, franchises, tax refund claims and any letter of credit,
guarantee, claim, security interest or other security held by or granted to any Grantor to secure
payment by an Account Debtor of any of the Accounts.

          “Grantors” shall mean the Company and the Subsidiary Grantors.

          “Holders” shall mean the holders of the Notes issued under the Indenture.

          “Indenture” shall have the meaning assigned to such term in the preliminary statement.

          “Instrument” shall have the meaning assigned to such term in Section 9-102 of the New York
UCC.

          “Intellectual Property” shall mean all intellectual and similar property of any Grantor of
every kind and nature now owned or hereafter acquired by any Grantor, including inventions,
designs, Patents, Copyrights, Licenses, Trademarks, trade secrets, confidential or proprietary
technical and business information, know-how, show-how or other data or information, software and
databases and all embodiments or fixations thereof and related documentation, registrations and
franchises, and all additions, improvements and accessions to, and books and records describing or
used in connection with, any of the foregoing.

          “Intercreditor Agreement” shall have the meaning assigned to such term in the preliminary
statement.

          “Inventory” shall have the meaning assigned to such term in Section 9-102 of the New York UCC.

 

6

          “Investment Property” shall have the meaning assigned to such term in Section 9-102 of the New
York UCC.

          “Lenders” shall have the meaning assigned to such term in the preliminary statement.

          “Letter-of-Credit Right” shall have the meaning assigned to such term in Section 9-102 of the
New York UCC.

          “License” shall mean any Patent License, Trademark License, Copyright License or other license
or sublicense agreement to which any Grantor is a party, including those material Licenses listed
on Schedule III.

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

          “Notes” shall mean the Company’s 12% notes due 2014, issued pursuant to the Indenture.

          “Notes Obligations” shall mean the “Notes Obligations” as defined in the Indenture.

          “Notes Secured Parties” shall mean the Holders and the Trustee.

          “Obligations” shall mean (a) the Bank Obligations, (b) the Notes Obligations, (c) the
Collateral Agent Obligations and (d) the Additional Obligations.

          “Patent License” shall mean any written agreement, now or hereafter in effect, granting to any
third party any right to make, use or sell any invention on which a patent, now or hereafter owned
by any Grantor or that any Grantor otherwise has the right to license, is in existence, or granting
to any Grantor any right to make, use or sell any invention on which a patent, now or hereafter
owned by any third party, is in existence, and all rights of any Grantor under any such agreement.

          “Patents” shall mean all of the following now owned or hereafter acquired by any Grantor: (a)
all letters patent of the United States or the equivalent thereof in any other country, all
registrations and recordings thereof, and all applications for letters patent of the United States
or the equivalent thereof in any other country, including registrations, recordings and pending
applications in the United States Patent and Trademark Office (or any successor or any similar
offices in any other country), including those listed on Schedule III, and (b) all reissues,
continuations, divisions, continuations-in-part, renewals or extensions thereof, and the inventions
disclosed or claimed therein, including the right to make, use and/or sell the inventions disclosed
or claimed therein.

          “Perfection Certificate” shall mean a certificate substantially in the form of Exhibit B,
completed and supplemented with the schedules and attachments contemplated thereby, and duly
executed by two Responsible Officers of the Company.

 

7

          “Pledged Collateral” shall have the meaning assigned to such term in Section 2.01.

          “Pledged Debt Securities” shall have the meaning assigned to such term in Section 2.01.

          “Pledged Securities” shall mean any promissory notes, stock certificates or other securities
now or hereafter included in the Pledged Collateral, including all certificates, instruments or
other documents representing or evidencing any Pledged Collateral.

          “Pledged Stock” shall have the meaning assigned to such term in Section 2.01.

          “Proceeds” shall have the meaning assigned to such term in Section 9-102 of the New York UCC.

          “Secured Parties” shall mean the Bank Secured Parties, the Notes Secured Parties and the
Collateral Agent.

          “Securities Account” shall have the meaning assigned to such term in Section 8-501 of the New
York UCC.

          “Securities Intermediary” shall have the meaning assigned to such term in Section 8-102 of the
New York UCC.

          “Security” shall have the meaning assigned to such term in Section 8-102 of the New York UCC.

          “Security Interest” shall have the meaning assigned to such term in Section 3.01.

          “Subsidiary Grantor” shall mean (a) Subsidiaries identified on Schedule I hereto as Subsidiary
Grantors and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary
Grantor after the date hereof

          “Trademark License” shall mean any written agreement, now or hereafter in effect, granting to
any third party any right to use any trademark now or hereafter owned by any Grantor or that any
Grantor otherwise has the right to license, or granting to any Grantor any right to use any
trademark now or hereafter owned by any third party, and all rights of any Grantor under any such
agreement.

          “Trademarks” shall mean all of the following now owned or hereafter acquired by any Grantor:
(a) all trademarks, service marks, trade names, corporate names, company names, business names,
fictitious business names, trade styles, trade dress, logos, other source or business identifiers,
designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all
registrations and recordings thereof, and all registration and recording applications filed in
connection therewith,

 

8

including registrations and registration applications in the United States Patent and
Trademark Office (or any successor office) or any similar offices in any State of the United States
or any other country or any political subdivision thereof, and all extensions or renewals thereof,
including those listed on Schedule III, (b) all goodwill associated therewith or symbolized thereby
and (c) all other assets, rights and interests that uniquely reflect or embody such goodwill.

          “Trustee” shall have the meaning assigned to such term in the preliminary statement.

ARTICLE II

Pledge of Securities

          SECTION 2.01. Pledge. As security for the payment or performance, as the case may be,
in full of the Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and
assigns (on behalf of the Secured Parties) and hereby grants to the Collateral Agent, its
successors and assigns (on behalf of the Secured Parties), a first-priority security interest in,
all of such Grantor’s right, title and interest in, to and under (a) Equity Interests owned by such
Grantor on the date hereof (including all such Equity Interests listed on Schedule II) and any
other Equity Interests obtained in the future by such Grantor and the certificates representing all
such Equity Interests (collectively referred to herein as the “Pledged Stock”); provided, however,
that the Pledged Stock shall not include more than 65% of the issued and outstanding voting Equity
Interests of any Foreign Subsidiary to the extent that a pledge of 100% of the voting Equity
Interests of such Foreign Subsidiary would cause a Deemed Dividend Problem or a Financial
Assistance Problem, (b)(i) the debt securities held by such Grantor on the date hereof (including
all such debt securities listed opposite the name of such Grantor on Schedule II), (ii) any debt
securities in the future issued to such Grantor and (iii) the promissory notes and any other
instruments evidencing such debt securities (collectively referred to herein as the “Pledged Debt
Securities”), (c) all other property that may be delivered to and held by the Collateral Agent
pursuant to the terms of this Section 2.01, (d) subject to Section 2.06, all payments of principal
or interest, dividends, cash, instruments and other property from time to time received, receivable
or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other
Proceeds received in respect of, the securities referred to in clauses (a) and (b) above, (e)
subject to Section 2.06, all rights and privileges of such Grantor with respect to the securities
and other property referred to in clauses (a), (b), (c) and (d) above, and (f) all Proceeds of any
of the foregoing (the items referred to in clauses (a) through (f) above being collectively
referred to as the “Pledged Collateral”).

          TO HAVE AND TO HOLD the Pledged Collateral, together with all right, title, interest, powers,
privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its
successors and assigns (on behalf of the Secured Parties), forever; subject, however, to the terms,
covenants and conditions hereinafter set forth.

 

9

          SECTION 2.02. Delivery of the Pledged Collateral. (a) Each Grantor agrees promptly
to deliver or cause to be delivered to the Collateral Agent any and all Pledged Securities.

          (b) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent
any and all Pledged Debt Securities in excess of $200,000.

          (c) Upon delivery to the Collateral Agent, (i) any Pledged Securities shall be accompanied by
undated stock powers duly executed in blank or other undated instruments of transfer satisfactory
to the Collateral Agent and duly executed in blank and by such other instruments and documents as
the Collateral Agent may reasonably request and (ii) all other property comprising part of the
Pledged Collateral shall be accompanied by proper instruments of assignment duly executed by the
applicable Grantor and such other instruments or documents as the Collateral Agent may reasonably
request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the
securities, which schedule shall be attached hereto as Schedule II and made a part hereof; provided
that failure to attach any such schedule hereto shall not affect the validity of the pledge of such
Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered.

          SECTION 2.03. Representations, Warranties and Covenants. The Grantors jointly and
severally represent, warrant and covenant to and with the Collateral Agent (on behalf of the
Secured Parties) that:

          (a) Schedule II correctly sets forth the percentage of the issued and outstanding shares of
each class of the Equity Interests of the issuer thereof represented by such Pledged Stock and
includes all Equity Interests, debt securities and promissory notes required to be pledged
hereunder;

          (b) except for the security interests granted hereunder, each Grantor (i) is and, subject to
any transfers made in compliance with the Credit Agreement and the Indenture, will continue to be
the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule II as
owned by such Grantor, (ii) holds the same free and clear of all Liens (other than the Liens
created by this Agreement and Liens permitted by the Credit Agreement and the Indenture), (iii)
will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any
security interest in or other Lien on, the Pledged Collateral, other than Liens created by this
Agreement, Liens permitted by the Credit Agreement and the Indenture and transfers made in
compliance with the Credit Agreement and the Indenture, and (iv) subject to Section 2.06, will
cause any and all Pledged Collateral, whether for value paid by such Grantor or otherwise, to be
forthwith deposited with the Collateral Agent and pledged or assigned hereunder;

          (c) except for restrictions and limitations imposed by the Finance Documents or securities
laws generally, the Pledged Collateral is and will continue to be freely transferable and
assignable, and, other than the Liens permitted by the Credit Agreement and the Indenture, none of
the Pledged Collateral is or will be subject to any option, right of first refusal, shareholders
agreement, charter or by-law provisions or

 

10

contractual restriction of any nature that might prohibit, impair, delay or otherwise affect
the pledge of such Pledged Collateral hereunder, the sale or disposition thereof pursuant hereto or
the exercise by the Collateral Agent of rights and remedies hereunder;

          (d) each Grantor (i) has the power and authority to pledge the Pledged Collateral pledged by
it hereunder in the manner hereby done or contemplated and (ii) will defend its title or interest
thereto or therein against any and all Liens (other than the Lien created by this Agreement),
however arising, of all persons whomsoever;

          (e) no consent or approval of any Governmental Authority, any securities exchange or any other
person was or is necessary to the validity of the pledge effected hereby (other than such as have
been obtained and are in full force and effect);

          (f) by virtue of the execution and delivery of this Agreement by each Grantor, when any
Pledged Securities are delivered to the Collateral Agent in accordance with this Agreement, the
Collateral Agent will obtain a legal, valid and perfected first-priority lien upon and security
interest in such Pledged Securities as security for the payment and performance of the Obligations;
and

          (g) the pledge effected hereby is effective to vest in the Collateral Agent, for the benefit
of the Secured Parties, the rights of the Collateral Agent in the Pledged Collateral as set forth
herein.

          SECTION 2.04. Certification of Limited Liability Company Interests and Limited Partnership
Interests. Each interest in any limited liability company or limited partnership controlled by
any Grantor and pledged hereunder shall be represented by a certificate, shall be a “security”
within the meaning of Article 8 of the New York UCC and shall be governed by Article 8 of the New
York UCC.

          SECTION 2.05. Registration in Nominee Name; Denominations. The Collateral Agent (on
behalf of the Secured Parties) shall have the right (in its sole and absolute discretion) to hold
the Pledged Securities in its own name as pledgee, the name of its nominee (as pledgee or as
sub-agent) or the name of the applicable Grantor, endorsed or assigned in blank or in favor of the
Collateral Agent. Each Grantor will promptly give to the Collateral Agent copies of any notices or
other communications received by it with respect to Pledged Securities registered in the name of
such Grantor. The Collateral Agent shall at all times have the right to exchange the certificates
representing Pledged Securities for certificates of smaller or larger denominations for any purpose
consistent with this Agreement.

          SECTION 2.06. Voting Rights; Dividends and Interest, etc. (a) Unless and until an
Event of Default under any Finance Document shall have occurred and be continuing and the
Collateral Agent shall have given the Grantors notice of its intent to exercise its rights under
this Agreement (which notice shall be deemed to have been given immediately upon the occurrence of
a Bankruptcy Default):

     (i) Each Grantor shall be entitled to exercise any and all voting and/or other
consensual rights and powers inuring to an owner of Pledged

 

11

Securities or any part thereof for any purpose consistent with the terms of
this Agreement and the other Finance Documents; provided, however, that such rights
and powers shall not be exercised in any manner that could materially and adversely
affect the rights inuring to a holder of any Pledged Securities or the rights and
remedies of any of the Collateral Agent or the other Secured Parties under this
Agreement or any other Finance Document or the ability of the Secured Parties to
exercise the same.

     (ii) The Collateral Agent shall execute and deliver to each Grantor, or cause
to be executed and delivered to each Grantor, all such proxies, powers of attorney
and other instruments as such Grantor may reasonably request for the purpose of
enabling such Grantor to exercise the voting and/or consensual rights and powers it
is entitled to exercise pursuant to subparagraph (i) above.

     (iii) Each Grantor shall be entitled to receive and retain any and all
dividends, interest, principal and other distributions paid on or distributed in
respect of the Pledged Securities to the extent and only to the extent that such
dividends, interest, principal and other distributions are permitted by, and
otherwise paid or distributed in accordance with, the terms and conditions of the
Credit Agreement, the Indenture, the other Finance Documents and applicable law;
provided, however, that any noncash dividends, interest, principal or other
distributions that would constitute Pledged Stock or Pledged Debt Securities,
whether resulting from a subdivision, combination or reclassification of the
outstanding Equity Interests of the issuer of any Pledged Securities or received in
exchange for Pledged Securities or any part thereof, or in redemption thereof, or
as a result of any merger, consolidation, acquisition or other exchange of assets
to which such issuer may be a party or otherwise, shall be and become part of the
Pledged Collateral, and, if received by any Grantor, shall not be commingled by
such Grantor with any of its other funds or property but shall be held separate and
apart therefrom, shall be held in trust for the benefit of the Collateral Agent and
shall be forthwith delivered to the Collateral Agent in the same form as so
received (with any necessary endorsement or instrument of assignment). This
paragraph (iii) shall not apply to dividends between or among the Company and the
Subsidiary Grantors only of property subject to a perfected security interest under
this Agreement; provided that the Company notifies the Collateral Agent in writing,
specifically referring to this Section 2.06 at the time of such dividend and takes
any actions the Collateral Agent reasonably specifies to ensure the continuance of
its perfected security interest in such property under this Agreement.

          (b) Upon the occurrence and during the continuance of an Event of Default under any Finance
Document, after the Collateral Agent shall have notified (or shall be deemed to have notified) the
Grantors of the suspension of their rights under

 

12

paragraph (a)(iii) of this Section 2.06, then all rights of each Grantor to dividends,
interest, principal or other distributions that such Grantor is authorized to receive pursuant to
paragraph (a)(iii) of this Section 2.06 shall cease, and all such rights shall thereupon become
vested in the Collateral Agent, which shall have the sole and exclusive right and authority to
receive and retain such dividends, interest, principal or other distributions. All dividends,
interest, principal or other distributions received by each Grantor contrary to the provisions of
this Section 2.06 shall be held in trust for the benefit of the Collateral Agent, shall be
segregated from other property or funds of such Grantor and shall be forthwith delivered to the
Collateral Agent upon demand in the same form as so received (with any necessary endorsement or
instrument of assignment). Any and all money and other property paid over to or received by the
Collateral Agent pursuant to the provisions of this paragraph (b) shall be retained by the
Collateral Agent in an account to be established by the Collateral Agent upon receipt of such money
or other property and shall be applied in accordance with the provisions of Section 4.02 and the
Intercreditor Agreement. After all Events of Default under all Finance Documents have been cured or
waived and each applicable Grantor has delivered to the Agents certificates to that effect, the
Collateral Agent shall, promptly after all such Events of Default have been cured or waived, repay
to each applicable Grantor (without interest) all dividends, interest, principal or other
distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of
paragraph (a)(iii) of this Section 2.06 and that remain in such account.

          (c) Upon the occurrence and during the continuance of an Event of Default under any Finance
Document, after the Collateral Agent shall have notified (or shall be deemed to have notified) the
Grantors of the suspension of their rights under paragraph (a)(i) of this Section 2.06, then all
rights of each Grantor to exercise the voting and consensual rights and powers it is entitled to
exercise pursuant to paragraph (a)(i) of this Section 2.06, and the obligations of the Collateral
Agent under paragraph (a)(ii) of this Section 2.06, shall cease, and all such rights shall
thereupon become vested in the Collateral Agent, which shall have the sole and exclusive right and
authority to exercise such voting and consensual rights and powers; provided that, unless otherwise
directed by the Applicable Authorized Representative, the Collateral Agent shall have the right
from time to time following and during the continuance of an Event of Default under any Finance
Document to permit the Grantors to exercise such rights.

          (d) Any notice given by the Collateral Agent to the Grantors exercising its rights under
paragraph (a) of this Section 2.06 (i) may be given by telephone if promptly confirmed in writing,
(ii) may be given to one or more of the Grantors at the same or different times and (iii) may
suspend the rights of the Grantors under paragraph (a)(i) or paragraph (a)(iii) in part without
suspending all such rights (as specified by the Collateral Agent in its sole and absolute
discretion) and without waiving or otherwise affecting the Collateral Agent’s rights to give
additional notices from time to time suspending other rights so long as an Event of Default under
any Finance Document has occurred and is continuing.

 

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ARTICLE III

Security Interests in Personal Property

          SECTION 3.01. Security Interest. (a) As security for the payment or performance, as
the case may be, in full of the Obligations, each Grantor hereby assigns and pledges to the
Collateral Agent, its successors and assigns (on behalf of the Secured Parties), and hereby grants
to the Collateral Agent, its successors and assigns (on behalf of the Secured Parties), a
first-priority security interest (the “Security Interest”), in all right, title or interest in or
to any and all of the following assets and properties now owned or at any time hereafter acquired
by such Grantor or in which such Grantor now has or at any time in the future may acquire any
right, title or interest (collectively, the “Article 9 Collateral”):

     (i) all Accounts;

     (ii) all Chattel Paper;

     (iii) all cash and Deposit Accounts;

     (iv) all Documents;

     (v) all Equipment;

     (vi) all General Intangibles;

     (vii) all Instruments;

     (viii) all Inventory;

     (ix) all Investment Property;

     (x) all Letter-of-Credit Rights;

     (xi) all Commercial Tort Claims

     (xii) all books and records pertaining to the Article 9 Collateral; and

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

          (b) Each Grantor hereby irrevocably authorizes the Collateral Agent at any time and from time
to time to file in any relevant jurisdiction any initial financing statements (including fixture
filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that
(i) indicate the Article 9 Collateral as all assets of such Grantor or words of similar effect, and
(ii) contain the information required by Article 9 of the Uniform Commercial Code of each
applicable jurisdiction for the filing

 

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of any financing statement or amendment, including (A) whether such Grantor is an
organization, the type of organization and any organizational identification number issued to such
Grantor and (B) in the case of a financing statement filed as a fixture filing, a sufficient
description of the real property to which such Article 9 Collateral relates. Each Grantor agrees to
provide such information to the Collateral Agent promptly upon request.

          Each Grantor also ratifies its authorization for the Collateral Agent to file in any relevant
jurisdiction any initial financing statements or amendments thereto if filed prior to the date
hereof.

          The Collateral Agent is further authorized to file with the United States Patent and Trademark
Office or United States Copyright Office (or any successor office or any similar office in any
other country) such documents as may be necessary or advisable for the purpose of perfecting,
confirming, continuing, enforcing or protecting the Security Interest granted by each Grantor,
without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the
Collateral Agent (on behalf of the Secured Parties) as secured party.

          (c) The Security Interest is granted as security only and shall not subject the Collateral
Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of
any Grantor with respect to or arising out of the Article 9 Collateral (other than the duties
expressly created hereunder).

          SECTION 3.02. Representations and Warranties. The Grantors jointly and severally
represent and warrant to the Collateral Agent and the Secured Parties that:

          (a) Each Grantor has good and valid rights in and title to the Article 9 Collateral with
respect to which it has purported to grant a Security Interest hereunder and has full power and
authority to grant to the Collateral Agent, for the benefit of the Secured Parties, the Security
Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its
obligations in accordance with the terms of this Agreement, without the consent or approval of any
other person other than any consent or approval that has been obtained.

          (b) The Perfection Certificate has been duly prepared, completed and executed and the
information set forth therein (including (x) the exact legal name of each Grantor and (y) the
jurisdiction of organization of each Grantor) is correct and complete as of the date hereof.
Uniform Commercial Code financing statements (including fixture filings, as applicable) or other
appropriate filings, recordings or registrations containing a description of the Article 9
Collateral have been prepared by the Collateral Agent based upon the information provided to the
Collateral Agent and the Secured Parties in the Perfection Certificate for filing in each
governmental, municipal or other office specified in Schedule 2 to the Perfection Certificate (or
specified by notice from the Company to the Administrative Agent or the Trustee after the date
hereof in the case of filings, recordings or registrations required to be made after the date
hereof under the Finance Documents, which are all the filings, recordings and registrations (other
than filings

 

15

required to be made in the United States Patent and Trademark Office and the United States
Copyright Office in order to perfect the Security Interest in the Article 9 Collateral consisting
of United States Patents, Trademarks and Copyrights) that are necessary as of the Closing Date to
publish notice of and protect the validity of and to establish a legal, valid and perfected
security interest in favor of the Collateral Agent (on behalf of the Secured Parties) in respect of
all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or
registration in the United States (or any political subdivision thereof) and its territories and
possessions, and no further or subsequent filing, refiling, recording, rerecording, registration or
reregistration is necessary in any such jurisdiction, except as provided under applicable law with
respect to the filing of continuation statements. Each Grantor represents and warrants that a fully
executed agreement in the form hereof and containing a description of all Article 9 Collateral
consisting of Intellectual Property with respect to United States Patents and United States
registered Trademarks (and Trademarks for which United States registration applications are
pending) and United States registered Copyrights have been delivered to the Collateral Agent for
recording by the United States Patent and Trademark Office and the United States Copyright Office
pursuant to 35 U.S.C. §261, 15 U.S.C. §1060 or 17 U.S.C. §205 and the regulations thereunder, as
applicable, and otherwise as may be required pursuant to the laws of any other necessary
jurisdiction, to protect the validity of and to establish a legal, valid and perfected security
interest in favor of the Collateral Agent (on behalf of the Secured Parties) in respect of all
Article 9 Collateral consisting of Patents, Trademarks and Copyrights in which a security interest
may be perfected by filing, recording or registration in the United States (or any political
subdivision thereof) and its territories and possessions, and no further or subsequent filing,
refiling, recording, rerecording, registration or reregistration is necessary (other than such
actions as are necessary to perfect the Security Interest with respect to any Article 9 Collateral
consisting of Patents, Trademarks and Copyrights (or registration or application for registration
thereof) acquired or developed after the date hereof).

          (c) The Security Interest constitutes (i) a legal and valid security interest in all Article 9
Collateral securing the payment and performance of the Obligations, (ii) subject to the filings
described in Section 3.02(b), a perfected security interest in all Article 9 Collateral in which a
security interest may be perfected by filing, recording or registering a financing statement or
analogous document in the United States (or any political subdivision thereof) and its territories
and possessions pursuant to the Uniform Commercial Code or other applicable law in such
jurisdictions and (iii) a security interest that shall be perfected in all Article 9 Collateral in
which a security interest may be perfected upon the receipt and recording of this Agreement with
the United States Patent and Trademark Office and the United States Copyright Office, as
applicable. The Security Interest is and shall be prior to any other Lien on any of the Article 9
Collateral, other than Liens expressly permitted pursuant to Section 6.02 of the Credit Agreement
and Section 4.10 of the Indenture.

          (d) The Article 9 Collateral is owned by the Grantors free and clear of any Lien, except for
Liens expressly permitted pursuant to Section 6.02 of the Credit Agreement and Section 4.10 of the
Indenture. No Grantor has filed or consented to the filing of (i) any financing statement or
analogous document under the Uniform

 

16

Commercial Code or any other applicable laws covering any Article 9 Collateral, (ii) any
assignment in which any Grantor assigns any Collateral or any security agreement or similar
instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or
the United States Copyright Office, (iii) any notice under the Assignment of Claims Act, or (iv)
any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or
similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or
other office, which financing statement or analogous document, assignment, security agreement or
similar instrument is still in effect, except, in each case, for Liens expressly permitted pursuant
to Section 6.02 of the Credit Agreement and Section 4.10 of the Indenture. As of the date hereof,
no Grantor holds any Commercial Tort Claims except as indicated on the Perfection Certificate.

          SECTION 3.03. Covenants. (a) Except in connection with a transaction permitted by the
Finance Documents following which the Liens on the Collateral of such Grantor shall automatically
be released, each Grantor agrees promptly to notify the Collateral Agent in writing of any change
in (i) its legal name, (ii) its identify or type of organization or corporate structure, (iii) its
Federal Taxpayer Identification Number or organizational identification number or (iv) its
jurisdiction of organization. Each Grantor agrees promptly to provide the Collateral Agent with
certified organizational documents reflecting any of the changes described in the first sentence of
this paragraph. Each Grantor agrees not to effect or permit any change referred to in the preceding
sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are
required in order for the Collateral Agent to continue at all times following such change to have a
valid, legal and perfected security interest in all the Article 9 Collateral contemplated
hereunder. Each Grantor agrees promptly to notify the Collateral Agent if any material portion of
the Article 9 Collateral owned or held by such Grantor is damaged or destroyed.

          (b) Each Grantor agrees to maintain, at its own cost and expense, such complete and accurate
records with respect to the Article 9 Collateral owned by it as is consistent with its current
practices and in accordance with such prudent and standard practices used in industries that are
the same as or similar to those in which such Grantor is engaged, but in any event to include
complete accounting records indicating all payments and proceeds received with respect to any part
of the Article 9 Collateral, and, at such time or times as the Collateral Agent may request,
promptly to prepare and deliver to the Collateral Agent a duly certified schedule or schedules in
form and detail satisfactory to the Collateral Agent showing the identity, amount and location of
any and all Article 9 Collateral.

          (c) Each Grantor shall, at its own expense, take any and all actions necessary to defend title
to the Article 9 Collateral against all persons and to defend the Security Interest of the
Collateral Agent in the Article 9 Collateral and the priority thereof against any Lien not
expressly permitted pursuant to Section 6.02 of the Credit Agreement, Section 4.10 of the Indenture
and the applicable provision of any Additional Agreements (if any), as applicable.

 

17

          (d) Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be
duly filed all such further instruments and documents and take all such actions as the Collateral
Agent may from time to time reasonably request to better assure, preserve, protect and perfect the
Security Interest and the rights and remedies created hereby, including the payment of any fees and
Taxes required in connection with the execution and delivery of this Agreement, the granting of the
Security Interest and the filing of any financing statements (including fixture filings) or other
documents in connection herewith or therewith. If any amount payable to any Grantor under or in
connection with any of the Article 9 Collateral shall be or become evidenced by any promissory note
or other instrument in excess of $200,000, such note or instrument shall be promptly pledged and
delivered to the Collateral Agent, duly endorsed in a manner satisfactory to the Collateral Agent.

          Without limiting the generality of the foregoing, each Grantor hereby authorizes the
Collateral Agent, with prompt notice thereof to the Grantors, to supplement this Agreement by
supplementing Schedule III or adding additional schedules hereto to specifically identify any asset
or item of a Grantor that may, in the Applicable Authorized Representative’s judgment, constitute
Copyrights, Licenses, Patents or Trademarks; provided that any Grantor shall have the right,
exercisable within 10 Business Days after it has been notified by the Collateral Agent, as
instructed by the Applicable Authorized Representative, of the specific identification of such
Collateral, to advise the Collateral Agent and the Applicable Authorized Representative in writing
of any material inaccuracy of the representations and warranties made by such Grantor hereunder
with respect to such Collateral. Each Grantor agrees that it will use its best efforts to take such
action as shall be necessary in order that all representations and warranties hereunder shall be
true and correct in all material respects with respect to such Collateral within 30 days after the
date it has been notified by the Collateral Agent, as instructed by the Applicable Authorized
Representative, of the specific identification of such Collateral.

          (e) The Collateral Agent and such persons as the Collateral Agent may designate shall have the
right, at the applicable Grantor’s own cost and expense, to inspect the Article 9 Collateral, all
records related thereto (and to make extracts and copies from such records) and the premises upon
which any of the Article 9 Collateral is located, to discuss the applicable Grantor’s affairs with
the officers of such Grantor and its independent accountants and to verify under reasonable
procedures, in accordance with Section 5.07 of the Credit Agreement, the validity, amount, quality,
quantity, value, condition and status of, or any other matter relating to, the Article 9
Collateral, including, in the case of Accounts or other Article 9 Collateral in the possession of
any third person, by contacting Account Debtors (only upon the occurrence and during the
continuance of an Event of Default under any Finance Document) or the third person possessing such
Article 9 Collateral for the purpose of making such a verification. The Collateral Agent shall have
the absolute right to share any information it gains from such inspection or verification with any
Secured Party.

          (f) At its option, the Collateral Agent may discharge past due Taxes, assessments, charges,
fees, Liens, security interests or other encumbrances at any time

 

18

levied or placed on the Article 9 Collateral and not expressly permitted pursuant to Section
6.02 of the Credit Agreement and Section 4.10 of the Indenture, and may pay for the maintenance and
preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by
the Credit Agreement, the Indenture or this Agreement, and each Grantor jointly and severally
agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by
the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in
this paragraph shall be interpreted as excusing any Grantor from the performance of, or imposing
any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or
other promises of any Grantor with respect to Taxes, assessments, charges, fees, Liens, security
interests or other encumbrances and maintenance as set forth herein or in the other Finance
Documents.

          (g) If at any time any Grantor shall take a security interest in any property of an Account
Debtor or any other person to secure payment and performance of an Account, such Grantor shall
promptly assign such security interest to the Collateral Agent for the ratable benefit of the
Secured Parties. Such assignment need not be filed of public record unless necessary to continue
the perfected status of the security interest against creditors of and transferees from the Account
Debtor or other person granting the security interest.

          (h) Each Grantor shall remain liable to observe and perform all the conditions and obligations
to be observed and performed by it under each contract, agreement or instrument relating to the
Article 9 Collateral, all in accordance with the terms and conditions thereof, and each Grantor
jointly and severally agrees to indemnify and hold harmless the Collateral Agent and the Secured
Parties from and against any and all liability for such performance.

          (i) No Grantor shall make or permit to be made an assignment, pledge or hypothecation of the
Article 9 Collateral or shall grant any other Lien in respect of the Article 9 Collateral or permit
any notice to be filed under the Assignment of Claims Act, except, in each case, as expressly
permitted by Section 6.02 of the Credit Agreement and Section 4.10 of the Indenture. No Grantor
shall make or permit to be made any transfer of the Article 9 Collateral and each Grantor shall
remain at all times in possession or otherwise in control of the Article 9 Collateral owned by it,
except as expressly permitted by Section 6.05 of the Credit Agreement and Section 4.06 of the
Indenture.

          (j) No Grantor will, without the Collateral Agent’s prior written consent, grant any extension
of the time of payment of any Accounts included in the Article 9 Collateral, compromise, compound
or settle the same for less than the full amount thereof, release, wholly or partly, any person
liable for the payment thereof or allow any credit or discount whatsoever thereon, other than
extensions, credits, discounts, compromises, compoundings or settlements granted or made in the
ordinary course of business and consistent with its current practices and in accordance with such
standard practices used in industries that are the same as or similar to those in which such
Grantor is engaged.

 

19

          (k) Each Grantor, at its own expense, shall maintain or cause to be maintained insurance
covering physical loss or damage to the Inventory and Equipment in accordance with the requirements
set forth in Section 5.02 of the Credit Agreement. Each Grantor irrevocably makes, constitutes and
appoints the Collateral Agent (and all officers, employees or agents designated by the Collateral
Agent) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, upon the
occurrence and during the continuance of an Event of Default under any Finance Document, of making,
settling and adjusting claims in respect of Article 9 Collateral under policies of insurance,
endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the
proceeds of such policies of insurance and for making all determinations and decisions with respect
thereto. In the event that any Grantor at any time or times shall fail to obtain or maintain any of
the policies of insurance required hereby or under the Credit Agreement or to pay any premium in
whole or part relating thereto, the Collateral Agent may, without waiving or releasing any
obligation or liability of any Grantor hereunder or any Default or Event of Default under any
Finance Document, in its sole discretion, obtain and maintain such policies of insurance and pay
such premium and take any other actions with respect thereto as the Collateral Agent deems
advisable. All sums disbursed by the Collateral Agent in connection with this paragraph, including
attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon
demand, by the Grantors to the Collateral Agent and shall be additional Obligations secured hereby.

          (l) Each Grantor shall maintain, in form and manner satisfactory to the Collateral Agent,
records of its Chattel Paper and its books, records and documents evidencing or pertaining thereto.

          SECTION 3.04. Other Actions. In order to further insure the attachment, perfection
and priority of, and the ability of the Collateral Agent to enforce, the Security Interest in the
Article 9 Collateral, each Grantor agrees, in each case at such Grantor’s own expense, to take the
following actions with respect to the following Article 9 Collateral:

     (a) Instruments. If any Grantor shall at any time hold or acquire any
Instruments (other than checks and drafts payable to such Grantor in the ordinary course of
business) with a value in excess of $200,000, such Grantor shall forthwith endorse, assign
and deliver the same to the Collateral Agent, accompanied by such undated instruments of
endorsement, transfer or assignment duly executed in blank as the Collateral Agent may from
time to time specify.

     (b) Deposit Accounts. For each Deposit Account that any Grantor at any time
opens or maintains, such Grantor shall, upon the Collateral Agent’s request, either (i)
cause the depositary bank to agree to comply at any time with instructions from the
Collateral Agent to such depositary bank directing the disposition of funds from time to
time credited to such Deposit Account, without further consent of such Grantor or any other
person, pursuant to an agreement in form and substance satisfactory to the Collateral
Agent, or (ii) arrange for the Collateral Agent to become the customer of the depositary
bank with respect to

 

20

the Deposit Account, with the Grantor being permitted, only with the consent of the
Collateral Agent, to exercise rights to withdraw funds from such Deposit Account. The
Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any such
instructions or withhold any withdrawal rights from any Grantor, unless an Event of Default
under any Finance Document has occurred and is continuing, or, after giving effect to any
withdrawal, would occur. The provisions of this paragraph shall not apply to any Deposit
Account for which any Grantor, the depositary bank and the Collateral Agent have entered
into a cash collateral agreement specially negotiated among such Grantor, the depositary
bank and the Collateral Agent for the specific purpose set forth therein.

     (c) Investment Property. Except to the extent otherwise provided in Article
III, if any Grantor shall at any time hold or acquire any certificated securities, such
Grantor shall forthwith endorse, assign and deliver the same to the Collateral Agent,
accompanied by such undated instruments of transfer or assignment duly executed in blank as
the Collateral Agent may from time to time specify. If any securities now or hereafter
acquired by any Grantor are uncertificated and are issued to such Grantor or its nominee
directly by the issuer thereof, such Grantor shall promptly notify the Collateral Agent
thereof and, at the Collateral Agent’s request and option, pursuant to an agreement in form
and substance satisfactory to the Collateral Agent, either (a) cause the issuer to agree to
comply with instructions from the Collateral Agent as to such securities, without further
consent of any Grantor or such nominee, or (b) arrange for the Collateral Agent to become
the registered owner of the securities. If any securities, whether certificated or
uncertificated, or other Investment Property now or hereafter acquired by any Grantor are
held by such Grantor or its nominee through a Securities Intermediary or Commodity
Intermediary, such Grantor shall promptly notify the Collateral Agent thereof and, at the
Collateral Agent’s request and option, pursuant to an agreement in form and substance
satisfactory to the Collateral Agent, either (a) cause such Securities Intermediary or
Commodity Intermediary, as the case may be, to agree to comply with Entitlement Orders or
other instructions from the Collateral Agent to such Securities Intermediary as to such
securities or other Investment Property, or (as the case may be) to apply any value
distributed on account of any commodity contract as directed by the Collateral Agent to
such Commodity Intermediary, in each case without further consent of any Grantor or such
nominee, or (b) in the case of Financial Assets (as governed by Article 8 of the New York
UCC) or other Investment Property held through a Securities Intermediary, arrange for the
Collateral Agent to become the Entitlement Holder with respect to such Investment Property,
with the Grantor being permitted, only with the consent of the Collateral Agent, to
exercise rights to withdraw or otherwise deal with such Investment Property. The Collateral
Agent agrees with each Grantor that the Collateral Agent shall not give any such
Entitlement Orders or instructions or directions to any such issuer, Securities
Intermediary or Commodity Intermediary, and shall not withhold its consent to the exercise
of any withdrawal or dealing rights by any Grantor, unless an Event of Default under any
Finance Document has occurred and is continuing, or, after giving effect to any such
investment and withdrawal rights would occur. The

 

21

provisions of this paragraph shall not apply to any Financial Assets credited to a
Securities Account for which the Collateral Agent is the Securities Intermediary.

     (d) Electronic Chattel Paper and Transferable Records. If any Grantor at any
time holds or acquires an interest in any Electronic Chattel Paper or any “transferable
record,” as that term is defined in Section 201 of the Federal Electronic Signatures in
Global and National Commerce Act, or in Section 16 of the Uniform Electronic Transactions
Act as in effect in any relevant jurisdiction, such Grantor shall promptly notify the
Collateral Agent thereof and, at the request of the Collateral Agent, shall take such
action as the Collateral Agent may request to vest in the Collateral Agent control under
New York UCC Section 9-105 of such Electronic Chattel Paper or control under Section 201 of
the Federal Electronic Signatures in Global and National Commerce Act or, as the case may
be, Section 16 of the Uniform Electronic Transactions Act, as so in effect in such
jurisdiction, of such transferable record. The Collateral Agent agrees with such Grantor
that the Collateral Agent will arrange, pursuant to procedures satisfactory to the
Collateral Agent and so long as such procedures will not result in the Collateral Agent’s
loss of control, for the Grantor to make alterations to the Electronic Chattel Paper or
transferable record permitted under UCC Section 9-105 or, as the case may be, Section 201
of the Federal Electronic Signatures in Global and National Commerce Act or Section 16 of
the Uniform Electronic Transactions Act for a party in control to allow without loss of
control, unless an Event of Default under any Finance Document has occurred and is
continuing or would occur after taking into account any action by such Grantor with respect
to such Electronic Chattel Paper or transferable record.

     (e) Letter-of-Credit Rights. If any Grantor is at any time a beneficiary under
a letter of credit now or hereafter issued in favor of such Grantor, such Grantor shall
promptly notify the Collateral Agent thereof and, at the request and option of the
Collateral Agent, such Grantor shall, pursuant to an agreement in form and substance
satisfactory to the Collateral Agent, either (i) arrange for the issuer and any confirmer
of such letter of credit to consent to an assignment to the Collateral Agent of the
proceeds of any drawing under the letter of credit or (ii) arrange for the Collateral Agent
to become the transferee beneficiary of the letter of credit, with the Collateral Agent
agreeing, in each case, that the proceeds of any drawing under the letter of credit are to
be paid to the applicable Grantor unless an Event of Default under any Finance Document has
occurred or is continuing.

     (f) Commercial Tort Claims. If any Grantor shall at any time hold or acquire a
Commercial Tort Claim that has a reasonable possibility of yielding proceeds in excess of
$500,000, the Grantor shall promptly notify the Collateral Agent thereof in a writing
signed by such Grantor including a summary description of such claim and grant to the
Collateral Agent, for the benefit of the Secured Parties, in such writing a security
interest therein and in the proceeds thereof, all upon the terms of this Agreement, with
such writing to be in form and substance satisfactory to the Collateral Agent.

 

22

          SECTION 3.05. Covenants Regarding Patent, Trademark and Copyright Collateral. (a)
Each Grantor agrees that it will not, and will not permit any of its licensees to, do any act, or
omit do to any act, whereby any Patent that is material to the conduct of such Grantor’s business
may become invalidated or dedicated to the public, and agrees that it shall continue to mark any
products covered by a Patent with the relevant patent number as necessary and sufficient to
establish and preserve its maximum rights under applicable patent laws.

          (b) Each Grantor (either itself or through its licensees or its sublicensees) will, for each
Trademark material to the conduct of such Grantor’s business, (i) maintain such Trademark in full
force free from any claim of abandonment or invalidity for non-use, (ii) maintain the quality of
products and services offered under such Trademark, (iii) display such Trademark with notice of
Federal or foreign registration to the extent necessary and sufficient to establish and preserve
its maximum rights under applicable law and (iv) not knowingly use or knowingly permit the use of
such Trademark in violation of any third party rights.

          (c) Each Grantor (either itself or through its licensees or sublicensees) will, for each work
covered by a material Copyright, continue to publish, reproduce, display, adopt and distribute the
work with appropriate copyright notice as necessary and sufficient to establish and preserve its
maximum rights under applicable copyright laws.

          (d) Each Grantor shall notify the Collateral Agent promptly if it knows or has reason to know
that any Patent, Trademark or Copyright material to the conduct of its business may become
abandoned, lost or dedicated to the public, or of any adverse determination or development
(including the institution of, or any such determination or development in, any proceeding in the
United States Patent and Trademark Office, United States Copyright Office or any court or similar
office of any country) regarding such Grantor’s ownership of any Patent, Trademark or Copyright,
its right to register the same, or its right to keep and maintain the same.

          (e) In no event shall any Grantor, either itself or through any agent, employee, licensee or
designee, file an application for any Patent, Trademark or Copyright (or for the registration of
any Trademark or Copyright) with the United States Patent and Trademark Office, United States
Copyright Office or any office or agency in any political subdivision of the United States or in
any other country or any political subdivision thereof, unless it promptly notifies (which notice
may be given after such filing) the Collateral Agent, and, upon request of the Collateral Agent,
executes and delivers any and all agreements, instruments, documents and papers as the Collateral
Agent may request to evidence the Security Interest in such Patent, Trademark or Copyright, and
each Grantor hereby appoints the Collateral Agent as its attorney-in-fact to execute and file such
writings for the foregoing purposes, all acts of such attorney being hereby ratified and confirmed;
such power, being coupled with an interest, is irrevocable.

          (f) Each Grantor will take all necessary steps that it deems appropriate under the
circumstances and are consistent with the practice in any proceeding before the

 

23

United States Patent and Trademark Office, United States Copyright Office or any office or
agency in any political subdivision of the United States or in any other country or any political
subdivision thereof, to maintain and pursue each material application relating to the Patents,
Trademarks and/or Copyrights (and to obtain the relevant grant or registration) and to maintain
each issued Patent and each registration of the Trademarks and Copyrights that is material to the
conduct of any Grantor’s business, including timely filings of applications for renewal, affidavits
of use, affidavits of incontestability and payment of maintenance fees, and, if consistent with
good business judgment, to initiate opposition, interference and cancellation proceedings against
third parties; provided that nothing herein shall prevent the Board of Directors of the Company or
any Subsidiary Grantor from expanding or reducing a line of business that it deems in its business
judgment to be in the best interest of the Company or such Subsidiary Grantor.

          (g) In the event that any Grantor knows or has reason to believe that any Article 9 Collateral
consisting of a Patent, Trademark or Copyright material to the conduct of any Grantor’s business
has been or is about to be infringed, misappropriated or diluted by a third party, such Grantor
promptly shall notify the Collateral Agent and shall, if consistent with good business judgment,
promptly sue for infringement, misappropriation or dilution and to recover any and all damages for
such infringement, misappropriation or dilution, and take such other actions as are appropriate
under the circumstances to protect such Article 9 Collateral. Such Grantor may discontinue or
settle any such suit or other action if the Grantor deems such discontinuance or settlement to be
appropriate in its reasonable business judgment.

          (h) Upon the occurrence and during the continuance of an Event of Default under any Finance
Document, each Grantor shall, at the request of the Collateral Agent, use its best efforts to
obtain all requisite consents or approvals by the licensor of each Copyright License, Patent
License or Trademark License to effect the assignment of all such Grantor’s right, title and
interest thereunder to the Collateral Agent, for the ratable benefit of the Secured Parties, or its
designee.

ARTICLE IV

Remedies

          SECTION 4.01. Remedies upon Default. Subject to the provisions of this Section 4.01
and the Intercreditor Agreement, and upon the occurrence and during the continuance of an Event of
Default under any Finance Document, each Grantor agrees to deliver each item of Collateral to the
Collateral Agent on demand, and it is agreed that the Collateral Agent shall have the right to take
any of or all the following actions at the same or different times: (a) with respect to any Article
9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to
become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the
applicable Grantor to the Collateral Agent, or to license or sublicense, whether general, special
or otherwise, and whether on an exclusive or nonexclusive basis, any such Article 9 Collateral
throughout the world on such terms and conditions and in such manner as the Collateral Agent shall
determine (other than in violation of any then-existing licensing

 

24

arrangements to the extent that waivers cannot be obtained), and (b) with or without legal
process and with or without prior notice or demand for performance, to take possession of the
Article 9 Collateral and without liability for trespass to enter any premises where the Article 9
Collateral may be located for the purpose of taking possession of or removing the Article 9
Collateral and, generally, to exercise any and all rights afforded to a secured party under the
Uniform Commercial Code or other applicable law. Without limiting the generality of the foregoing,
each Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory
requirements of applicable law, to sell or otherwise dispose of all or any part of the Collateral
at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon
credit or for future delivery as the Collateral Agent shall deem appropriate. The Collateral Agent
shall be authorized at any such sale (if it deems it advisable to do so) to restrict the
prospective bidders or purchasers to persons who will represent and agree that they are purchasing
the Collateral for their own account for investment and not with a view to the distribution or sale
thereof, and upon consummation of any such sale the Collateral Agent shall have the right to
assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each
such purchaser at any such sale shall hold the property sold absolutely, free from any claim or
right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by law)
all rights of redemption, stay and appraisal which such Grantor now has or may at any time in the
future have under any rule of law or statute now existing or hereafter enacted.

          The Collateral Agent shall give each applicable Grantor 10 days’ written notice (which each
Grantor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its
equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of
Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale
and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board
or exchange at which such sale is to be made and the day on which the Collateral, or portion
thereof, will first be offered for sale at such board or exchange. Any such public sale shall be
held at such time or times within ordinary business hours and at such place or places as the
Collateral Agent may fix and state in the notice (if any) of such sale. At any such sale, the
Collateral, or portion thereof, to be sold may be sold in one lot as an entirety or in separate
parcels, as the Collateral Agent may (in its sole and absolute discretion) determine. The
Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine
not to do so, regardless of the fact that notice of sale of such Collateral shall have been given.
The Collateral Agent may, without notice or publication, adjourn any public or private sale or
cause the same to be adjourned from time to time by announcement at the time and place fixed for
sale, and such sale may, without further notice, be made at the time and place to which the same
was so adjourned. In case any sale of all or any part of the Collateral is made on credit or for
future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale
price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur any
liability in case any such purchaser or purchasers shall fail to take up and pay for the Collateral
so sold and, in case of any such failure, such Collateral may be sold again upon like notice. At
any public (or, to the extent permitted by law, private) sale made pursuant to this Section, any
Secured Party may bid for or purchase, free (to the

 

25

 extent
permitted by law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all said rights being
also hereby waived and released to the extent permitted by law), the Collateral or any part thereof
offered for sale and may make payment on account thereof by using any claim then due and payable to
such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party
may, upon compliance with the terms of sale, hold, retain and dispose of such property without
further accountability to any Grantor therefor. For purposes hereof, a written agreement to
purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral
Agent shall be free (if such agreement cannot reasonably be rescinded) to carry out such sale
pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any
portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall
have entered into such an agreement all Events of Default under the Finance Documents shall have
been remedied and the Obligations paid in full. As an alternative to exercising the power of sale
herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity
to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a
judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding
by a court-appointed receiver. Any sale pursuant to the provisions of this Section 4.01 shall be
deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the
New York UCC or its equivalent in other jurisdictions.

          SECTION 4.02. Application of Proceeds. The Collateral Agent shall apply the proceeds
of any collection, sale, foreclosure or other realization upon any Collateral, including any
Collateral consisting of cash, as provided for in the Intercreditor Agreement. The Collateral
Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or
balances in accordance with this Agreement and the Intercreditor Agreement. Subject to the
Intercreditor Agreement, upon any sale of Collateral by the Collateral Agent (including pursuant to
a power of sale granted by statute or under a judicial proceeding), the receipt of the Collateral
Agent or of the officer making the sale shall be a sufficient discharge to the purchaser or
purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see
to the application of any part of the purchase money paid over to the Collateral Agent or such
officer or be answerable in any way for the misapplication thereof.

          SECTION 4.03. Grant of License to Use Intellectual Property. For the purpose of
enabling the Collateral Agent to exercise rights and remedies under this Article at such time as
the Collateral Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor
hereby grants to the Collateral Agent an irrevocable, nonexclusive license (exercisable without
payment of royalty or other compensation to the Grantors) to use, license or sublicense any of the
Article 9 Collateral consisting of Intellectual Property now owned or hereafter acquired by such
Grantor, and wherever the same may be located, and including in such license access to all media in
which any of the licensed items may be recorded or stored and to all computer software and programs
used for the compilation or printout thereof. The use of such license by the Collateral Agent shall
be exercised, at the option of the Collateral Agent, only upon the occurrence and during the
continuation of an Event of Default under any Finance Document;

 

 

26

provided, however, that any license, sublicense or other transaction entered into by the
Collateral Agent in accordance herewith shall be binding upon each Grantor notwithstanding any
subsequent cure of an Event of Default under any Finance Document.

          SECTION 4.04. Securities Act, etc. In view of the position of the Grantors in
relation to the Pledged Collateral, or because of other current or future circumstances, a question
may arise under the U.S. Securities Act of 1933, as now or hereafter in effect, or any similar
statute hereafter enacted analogous in purpose or effect (such Act and any such similar statute as
from time to time in effect being called the “Federal Securities Laws”) with respect to any
disposition of the Pledged Collateral permitted hereunder. Each Grantor understands that compliance
with the Federal Securities Laws might very strictly limit the course of conduct of the Collateral
Agent if the Collateral Agent were to attempt to dispose of all or any part of the Pledged
Collateral, and might also limit the extent to which or the manner in which any subsequent
transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal
restrictions or limitations affecting the Collateral Agent in any attempt to dispose of all or part
of the Pledged Collateral under applicable “blue sky” or other state securities laws or similar
laws analogous in purpose or effect. Each Grantor recognizes that in light of such restrictions and
limitations the Collateral Agent may, with respect to any sale of the Pledged Collateral, limit the
purchasers to those who will agree, among other things, to acquire such Pledged Collateral for
their own account, for investment, and not with a view to the distribution or resale thereof. Each
Grantor acknowledges and agrees that in light of such restrictions and limitations, the Collateral
Agent, in its sole and absolute discretion (a) may proceed to make such a sale whether or not a
registration statement for the purpose of registering such Pledged Collateral or part thereof shall
have been filed under the Federal Securities Laws and (b) may approach and negotiate with a limited
number of potential purchasers (including a single potential purchaser) to effect such sale. Each
Grantor acknowledges and agrees that any such sale might result in prices and other terms less
favorable to the seller than if such sale were a public sale without such restrictions. To the
extent permitted by applicable law, in the event of any such sale, the Collateral Agent shall incur
no responsibility or liability for selling all or any part of the Pledged Collateral at a price
that the Collateral Agent, in its sole and absolute discretion, may in good faith deem commercially
reasonable under the circumstances, notwithstanding the possibility that a substantially higher
price might have been realized if the sale were deferred until after registration as aforesaid or
if more than a limited number of purchasers (or a single purchaser) were approached. The provisions
of this Section 4.04 will apply notwithstanding the existence of a public or private market upon
which the quotations or sales prices may exceed substantially the price at which the Collateral
Agent sells.

ARTICLE V

Miscellaneous

          SECTION 5.01. Notices. All communications and notices hereunder shall (except as
otherwise expressly permitted herein) be in writing and given as provided in

 

27

Section 9.01 of the Credit Agreement (with respect to the Bank Secured Parties), Section 12.02
of the Indenture (with respect to the Notes Secured Parties) and the applicable provisions of any
Additional Agreements (with respect to the Additional Secured Parties (if any)). All communications
and notices hereunder to any Subsidiary Grantor shall be given to it in care of the Company as
provided in Section 9.01 of the Credit Agreement, Section 12.02 of the Indenture and the applicable
provisions of any Additional Agreements, as applicable.

          SECTION 5.02. Security Interest Absolute. All rights of the Collateral Agent
hereunder, the Security Interest, the grant of a security interest in the Pledged Collateral and
all obligations of each Grantor hereunder shall be absolute and unconditional irrespective of (a)
any lack of validity or enforceability of the Credit Agreement, the Indenture, any other Finance
Document, any agreement with respect to any of the Obligations or any other agreement or instrument
relating to any of the foregoing, (b) any change in the time, manner or place of payment of, or in
any other term of, all or any of the Obligations, or any other amendment or waiver of or any
consent to any departure from the Credit Agreement, the Indenture, any other Finance Document or
any other agreement or instrument relating to the foregoing, (c) any exchange, release or
non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent
under or departure from any guarantee, securing or guaranteeing all or any of the Obligations, or
(d) any other circumstance that might otherwise constitute a defense available to, or a discharge
of, any Grantor in respect of the Obligations or this Agreement.

          SECTION 5.03. Survival of Agreement. All covenants, agreements, representations and
warranties made by the Company and its Subsidiaries in the Finance Documents and in the
certificates or other instruments prepared or delivered in connection with or pursuant to this
Agreement or any other Finance Document shall be considered to have been relied upon by the Secured
Parties and shall survive the execution and delivery of the Finance Documents and the extensions of
credit thereunder, regardless of any investigation made by any Secured Party or on their behalf and
notwithstanding that any Secured Party may have had notice or knowledge of any Default or incorrect
representation or warranty under any Finance Document at the time any such extension of credit
occurs, and shall continue in full force and effect (a) with respect to the Bank Obligations, (i)
as long as the principal of or any accrued interest on any Loan or any fee or any other amount
payable under any Loan Document is outstanding and unpaid or the aggregate L/C Exposure does not
equal zero and so long as the Commitments have not expired or terminated or (ii) the date when all
the Bank Secured Parties consent to the termination of this Agreement (b) with respect to the Notes
Obligations, until the occurrence of (i) the payment in full of the Notes Obligations (other than
contingent or unliquidated obligations or liabilities) or (ii) the date when the Holders of all
outstanding Notes issued under the Indenture consent to the termination of this Agreement, (c) with
respect to the Liens securing Collateral Agent Obligations, until the occurrence of (i) the payment
in full in cash of the Collateral Agent Obligations (other than contingent or unliquidated
obligations or liabilities) or (ii) the date when the Collateral Agent consents to the termination
of this Agreement and (d) with respect to the Additional Obligations, until the occurrence of (i)
the payment in full in cash of the

 

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Additional Obligations (other than contingent or unliquidated obligations or liabilities) or
(ii) the date when each Additional Secured Party consents to the termination of this Agreement.

          SECTION 5.04. Binding Effect; Several Agreement. This Agreement shall become
effective as to any Grantor when a counterpart hereof executed on behalf of such Grantor shall have
been delivered to the Collateral Agent and a counterpart hereof shall have been executed on behalf
of the Collateral Agent, and thereafter shall be binding upon such Grantor and the Collateral Agent
and their respective permitted successors and assigns, and shall inure to the benefit of such
Grantor, the Collateral Agent and the other Secured Parties and their respective successors and
assigns, except that no Grantor shall have the right to assign or transfer its rights or
obligations hereunder or any interest herein or in the Collateral (and any such assignment or
transfer shall be void) except as expressly contemplated by this Agreement, the Credit Agreement
and the Indenture. This Agreement shall be construed as a separate agreement with respect to each
Grantor and may be amended, modified, supplemented, waived or released with respect to any Grantor
without the approval of any other Grantor and without affecting the obligations of any other
Grantor hereunder.

          SECTION 5.05. Successors and Assigns. Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the permitted successors and
assigns of such party; and all covenants, promises and agreements by or on behalf of any Grantor or
the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of
their respective successors and assigns.

          SECTION 5.06. Indemnity and Expenses. (a) Each Grantor agrees to indemnify, defend
and save and hold harmless each Secured Party and each of their Affiliates and their respective
officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and
against, and shall pay on demand, any and all claims, damages, losses, liabilities and expenses
(including fees and expenses of counsel) that may be incurred by or asserted or awarded against any
Indemnified Party, in each case arising out of or in connection with or resulting from this
Agreement (including enforcement of this Agreement), except to the extent such claim, damage, loss,
liability or expense has resulted from such Indemnified Party’s gross negligence or willful
misconduct. This clause (a) shall survive termination of this Agreement.

          (b) The Company shall pay to the Collateral Agent from time to time compensation for its
services hereunder, as agreed from time to time between the Company and the Collateral Agent. Each
Grantor will upon demand pay to the Collateral Agent and the Agents the amount of any and all
reasonable out-of-pocket expenses, including the fees and expenses of its counsel and of any
experts and agents, that they may incur in connection with (i) the administration of this
Agreement, or (ii) the custody, preservation, use or operation of, or the sale of, collection from
or other realization upon, any of the Collateral of such Grantor.

 

29

          (c) Each Grantor will upon demand pay to the Collateral Agent and the Agents the amount of any
and all out-of-pocket expenses, including the fees and expenses of its counsel in connection with
(i) the exercise or enforcement of any of the rights of the Collateral Agent, the Agents or the
other Secured Parties hereunder or (ii) the failure by such Grantor to perform or observe any of
the provisions hereof

          (d) Any such amounts payable as provided hereunder shall be additional Obligations secured
hereby and by the other Security Documents. The provisions of this Section 5.06 shall remain
operative and in full force and effect regardless of the termination of this Agreement or any other
Finance Document, the consummation of the transactions contemplated hereby, the repayment of any of
the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or
any other Finance Document, or any investigation made by or on behalf of the Collateral Agent or
any other Secured Party. All amounts due under this Section 5.06 shall be payable on written demand
therefor and shall bear interest at the rate specified in Section 2.06 of the Credit Agreement.

          SECTION 5.07. Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby
appoints the Collateral Agent as the attorney-in-fact of such Grantor for the purpose of carrying
out the provisions of this Agreement and taking any action and executing any instrument that the
Collateral Agent may deem necessary or advisable to accomplish the purposes hereof, which
appointment is irrevocable and coupled with an interest. Without limiting the generality of the
foregoing, the Collateral Agent shall have the right, upon the occurrence and during the
continuance of an Event of Default under any Finance Document, with full power of substitution
either in the Collateral Agent’s name or in the name of such Grantor (a) to receive, endorse,
assign and/or deliver any and all notes, acceptances, checks, drafts, money orders or other
evidences of payment relating to the Collateral or any part thereof, (b) to demand, collect,
receive payment of, give receipt for and give discharges and releases of all or any of the
Collateral, (c) to sign the name of any Grantor on any invoice or bill of lading relating to any of
the Collateral, (d) to send verifications of Accounts Receivable to any Account Debtor, (e) to
commence and prosecute any and all suits, actions or proceedings at law or in equity in any court
of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to
enforce any rights in respect of any Collateral, (f) to settle, compromise, compound, adjust or
defend any actions, suits or proceedings relating to all or any of the Collateral, (g) to notify,
or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral
Agent, and (h) to use, sell, assign, transfer, pledge, make any agreement with respect to or
otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to
carry out the purposes of this Agreement in accordance with its terms, as fully and completely as
though the Collateral Agent were the absolute owner of the Collateral for all purposes; provided,
however, that nothing herein contained shall be construed as requiring or obligating the Collateral
Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment
received by the Collateral Agent, or to present or file any claim or notice, or to take any action
with respect to the Collateral or any part thereof or the moneys due or to become due in respect
thereof or any property covered thereby. The Collateral Agent and the other Secured Parties shall
be accountable only for amounts actually received as a result

 

30

of the exercise of the powers granted to them herein, and neither they nor their officers,
directors, employees or agents shall be responsible to any Grantor for any act or failure to act
hereunder, except for their own gross negligence, willful misconduct or bad faith.

          SECTION 5.08. Applicable Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES
THEREOF).

          SECTION 5.09. Waivers; Amendment. (a) No failure or delay by the Collateral Agent,
the Administrative Agent, the Trustee, any Issuing Bank, any Lender, any Holder or any Additional
Secured Party in exercising any right or power hereunder or under any other Finance Document shall
operate as a waiver hereof or thereof, nor shall any single or partial exercise of any such right
or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude
any other or further exercise thereof or the exercise of any other right or power. The rights and
remedies of the Collateral Agent, the Administrative Agent, the Trustee, the Issuing Banks, the
Lenders, the Holders and any Additional Secured Party hereunder and under the other Finance
Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise
have. No waiver of any provision of any Finance Document or consent to any departure by any Grantor
therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of
this Section 5.09, and then such waiver or consent shall be effective only in the specific instance
and for the purpose for which given. Without limiting the generality of the foregoing, the making
of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default,
regardless of whether the Collateral Agent, any Lender or any Issuing Bank may have had notice or
knowledge of such Default at the time. No notice or demand on any Loan Party in any case shall
entitle any Loan Party to any other or further notice or demand in similar or other circumstances.

          (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Collateral Agent and the
Grantor or Grantors with respect to which such waiver, amendment or modification is to apply,
subject to any consent required in accordance with Section 9.08 of the Credit Agreement and Section
9.02 of the Indenture, as applicable.

          SECTION 5.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE
OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF
ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
OTHER

 

31

PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS
APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 5.10.

          SECTION 5.11. Severability. In the event any one or more of the provisions contained
in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions contained herein
and therein shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect
the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the
economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions.

          SECTION 5.12. Counterparts. This Agreement may be executed in counterparts (and by
different parties hereto on different counterparts), each of which shall constitute an original but
all of which when taken together shall constitute a single contract, and shall become effective as
provided in Section 5.04. Delivery of an executed signature page to this Agreement by facsimile
transmission or other electronic means shall be as effective as delivery of a manually signed
counterpart of this Agreement.

          SECTION 5.13. Headings. Article and Section headings and the Table of Contents used
herein are for convenience of reference only, are not part of this Agreement and are not to affect
the construction of, or to be taken into consideration in interpreting, this Agreement.

          SECTION 5.14. Jurisdiction; Consent to Service of Process. (a) Each of the Grantors
hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of any New York State court or Federal court of the United States of America, sitting
in New York City, and any appellate court from any thereof, in any action or proceeding arising out
of or relating to this Agreement or any other Finance Document, or for recognition or enforcement
of any judgment, and each of the Grantors hereby irrevocably and unconditionally agrees that all
claims in respect of any such action or proceeding may be heard and determined in such New York
State or, to the extent permitted by law, in such Federal court. Each of the Grantors agrees that a
final judgment in any such action or proceeding shall be conclusive and may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement or any other Finance Document shall affect any right that the Collateral Agent, the
Administrative Agent, the Trustee, any Issuing Bank, any Lender or any Holder may otherwise have to
bring any action or proceeding relating to this Agreement or any other Finance Document against any
Loan Party or its properties in the courts of any jurisdiction.

          (b) Each of the Grantors hereby irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, any objection which it may now

 

32

or hereafter have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Agreement or any other Finance Document in any court referred to in paragraph (a)
of this Section. Each of the Grantors hereby irrevocably waives, to the fullest extent permitted by
law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any
such court.

          (c) Each of the Grantors hereby irrevocably consents to service of process in the manner
provided for notices in Section 5.01. Nothing in this Agreement or any other Finance Document will
affect the right of the Collateral Agent to serve process in any other manner permitted by law.

          SECTION 5.15. Termination or Release. (a) Upon (i) the latest of (A) the payment in
full in cash of the Obligations that are Bank Obligations other than Obligations with respect to
Hedging Agreements (as defined in the Credit Agreement) not yet due and payable and contingent or
unliquidated indemnification obligations not yet accrued and payable, (B) the Revolving Credit
Maturity Date and (C) the cash collateralization or back-stop (on terms reasonably satisfactory to
the Administrative Agent), termination or expiration of all Letters of Credit or (ii) the date when
all the Bank Secured Parties consent to the termination of this Agreement, the Lien on all
Collateral created under this Agreement that secures the Bank Obligations shall terminate and all
rights of the Administrative Agent and the other Bank Secured Parties to the Collateral shall
revert to the applicable Grantor. Upon any such termination, the Administrative Agent will, at the
applicable Grantor’s expense, execute and deliver or authorize to such Grantor such documents as
such Grantor shall reasonably request to evidence such termination.

          (b) Upon the occurrence of (i) the payment in full in cash of the Obligations that are Notes
Obligations (other than contingent or unliquidated obligations or liabilities) or (ii) the date
when the Holders of all of the Notes then outstanding under the Indenture consent to the
termination of this Agreement, the Lien on all Collateral created under this Agreement that secures
the Notes Obligations shall terminate and all rights of the Trustee and the other Notes Secured
Parties to the Collateral shall revert to the applicable Grantor. Upon any such termination, the
Trustee will, at the applicable Grantor’s expense, execute and deliver or authorize to such Grantor
such documents as such Grantor shall reasonably request to evidence such termination.

          (c) Upon the occurrence of (i) the payment in full in cash of the Obligations that are
Collateral Agent Obligations (other than contingent or unliquidated obligations or liabilities) or
(ii) the date when the Collateral Agent consents to the termination of this Agreement, the Lien on
all Collateral created under this Agreement that secures the Collateral Agent Obligations shall
terminate and all rights of the Collateral Agent to the Collateral shall revert to the applicable
Grantor; provided that in the case of clause (i), Liens on the Collateral securing the Collateral
Agent Obligations shall not terminate until the Liens on the Collateral securing the Bank
Obligations, the Notes Obligations and the Additional Obligations terminate in accordance with
clauses (a), (b) and (d), respectively. Upon any such termination, the Collateral Agent will, at
the

 

33

applicable Grantor’s expense, execute and deliver or authorize to such Grantor such documents
as such Grantor shall reasonably request to evidence such termination.

          (d) Upon the occurrence of (i) the payment in full in cash of the Additional Obligations (if
any) as required by the Additional Agreements (if any) or (ii) the date on which each Additional
Secured Party consents to the termination of this Agreement, the Lien on all Collateral created
under this Agreement that secures the Additional Obligations shall terminate and all rights of the
Additional Secured Parties to the Collateral shall revert to the applicable Grantor. Upon any such
termination, the Additional Secured Party will, at the applicable Grantor’s expense, execute and
deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such
termination.

          (e) A Subsidiary Grantor shall automatically be released from its obligations hereunder and
the Security Interest in the Collateral of such Subsidiary Grantor shall be automatically released
upon the consummation of any transaction permitted by the Credit Agreement and the Indenture as a
result of which such Subsidiary Grantor ceases to be a Subsidiary of the Company.

          (f) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under
the Credit Agreement and the Indenture to any person that is not the Company or a Subsidiary
Grantor, upon a release pursuant to Section 2.04(a) of the Intercreditor Agreement, or upon the
effectiveness of any written consent to the release of the Security Interest granted hereby in any
Collateral pursuant to Section 9.08 of the Credit Agreement and Sections 9.02 and 11.02 of the
Indenture, the Security Interest in such Collateral shall be automatically released.

          (g) In connection with any termination or release pursuant to paragraph (a), (b) or (c) above,
the Collateral Agent shall execute and deliver to any Grantor, at such Grantor’s expense, all
documents that such Grantor shall reasonably request to evidence such termination or release
including, without limitation, the return of Pledged Collateral and the delivery of UCC-3
termination statements or any similar notice of termination. Any execution and delivery of
documents pursuant to this Section 5.15 shall be without recourse to or representation or warranty
by the Collateral Agent or any Secured Party. Without limiting the provisions of Section 5.06, the
Company shall reimburse the Collateral Agent upon demand for all costs and out of pocket expenses,
including the fees, charges and disbursements of counsel, incurred by it in connection with any
action contemplated by this Section 5.15.

          SECTION 5.16. Additional Grantors; Additional Secured Parties. (a) Pursuant to
Section 5.09 of the Credit Agreement and Section 4.12 of the Indenture, each Domestic Subsidiary
(other than a Domestic Subsidiary that is an Insignificant Subsidiary) that (i) was not in
existence or not a Subsidiary on the Closing Date or (ii) is a Domestic Subsidiary that has ceased
being an Insignificant Subsidiary, is required to enter into this Agreement as a Subsidiary Grantor
upon becoming such a Subsidiary or ceasing to be an Insignificant Subsidiary, as the case may be.
Upon execution and delivery by the Collateral Agent and such Domestic Subsidiary of a supplement in
the

 

34

form of Exhibit A hereto, such Domestic Subsidiary shall become a Subsidiary Grantor hereunder
with the same force and effect as if originally named as a Subsidiary Grantor herein. The execution
and delivery of any such instrument shall not require the consent of any other Grantor hereunder.
The rights and obligations of each Subsidiary Grantor hereunder shall remain in full force and
effect notwithstanding the addition of any new Grantor as a party to this Agreement. Pursuant to
Section 5.09 of the Credit Agreement and Section 4.12 of the Indenture, each Foreign Subsidiary is
required to execute and deliver a supplement in the form of Exhibit A if such execution and
delivery would not cause a Deemed Dividend Problem or a Financial Assistance Problem with respect
to such Foreign Subsidiary.

          (b) Upon the execution and delivery, or authentication, by any person of an Additional
Authorized Representative Joinder Agreement pursuant to Section 5.02(c) of the Intercreditor
Agreement, (i) such person shall be referred to as an “Additional Secured Party” and shall be and
become a Secured Party hereunder, (ii) each reference in this Agreement to “Secured Parties” shall
also mean and be a reference to such Additional Secured Party, (iii) each reference in this
Agreement of a grant of a security interest in a Grantor’s Collateral to a Secured Party shall also
mean a grant of a security interest to the Additional Secured Party, (iv) each reference to the
Administrative Agent and/or the Trustee shall be a reference to the Administrative Agent, the
Trustee and/or the Additional Secured Party, and (v) each reference to Agents shall be a reference
to the Administrative Agent, the Trustee and the Additional Authorized Representative (as defined
in the Intercreditor Agreement). Among other things the Additional Authorized Representative
Joinder Agreement shall (x) for the avoidance of doubt, appoint the Collateral Agent as the
Additional Secured Party’s collateral agent pursuant to reasonable terms and conditions agreed to
by the Additional Secured Party and the Collateral Agent, which terms shall not in any event be
inconsistent with the provisions of this Agreement, and (y) among other terms define “Obligations”,
“Additional Agreements” and “Additional Secured Parties”. The execution and delivery of any such
Additional Authorized Representative Joinder Agreement shall not require the consent of any other
party to this Agreement providing the Indebtedness secured by such Additional Authorized
Representative Joinder Agreement is permitted to be incurred and secured on a pari passu basis with
the other Obligations by the Credit Agreement and the Indenture. The rights and obligations of each
party to this Agreement shall remain in full force and effect notwithstanding the addition of any
new Secured Party to this Agreement.

          SECTION 5.17. Right of Setoff. Subject to the Intercreditor Agreement, if an Event of
Default under any Finance Document shall have occurred and is continuing, each Secured Party and
each of its Affiliates is hereby authorized at any time and from time to time, to the fullest
extent permitted by law, to set off and apply any and all Collateral (including any deposits
(general or special, time or demand, provisional or final) at any time held and other obligations
at any time owing by such Secured Party or Affiliate to or for the credit or the account of any
Grantor against any and all of the obligations of such Grantor now or hereafter existing under this
Agreement held by such Secured Party, irrespective of whether or not such Secured Party shall have
made any demand under this Agreement and although such obligations may be unmatured. The

 

35

rights of each Secured Party under this Section are in addition to other rights and remedies
(including other rights of setoff) which such Secured Party may have.

[Signature pages follow]

 

 

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

	 	 	 	 	 
	 	ALION SCIENCE AND TECHNOLOGY CORPORATION,

 	 
	 	by:  	/s/ Michael J. Alber 	 
	 	 	Name:  	Michael J. Alber 	 
	 	 	Title:  	Senior Vice President, Chief Financial Officer and Treasurer 	 
	 
	 	ALION — BMH CORPORATION,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — CATI CORPORATION,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — IPS CORPORATION,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — JJMA CORPORATION,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 

[Signature Page to Alion Security Agreement]

 

 

	 	 	 	 	 
	 	ALION — MA&D CORPORATION,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION — METI CORPORATION,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	ALION CANADA (US) CORPORATION,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	HUMAN FACTORS APPLICATIONS, INC.,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	WASHINGTON CONSULTING, INC.,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 
	 	WASHINGTON CONSULTING GOVERNMENT SERVICES, INC.,

 	 
	 	by:  	/s/ Joshua J. Izenberg 	 
	 	 	Name:  	Joshua J. Izenberg 	 
	 	 	Title:  	Secretary 	 
	 

[Signature Page to Alion Security Agreement]

 

 

	 	 	 	 	 
	 	WILMINGTON TRUST COMPANY, as Collateral Agent,

 	 
	 	by:  	/s/ Christopher Slaybaugh	 
	 	 	Name:  	Christopher Slaybaugh	 
	 	 	Title:  	Assistant Vice President	 
	 

[Signature Page to Alion Security Agreement]

 

Exhibit A to the

Security Agreement

     SUPPLEMENT NO. [•] dated as of [•], to the Security Agreement
dated as of March 22, 2010 (the “Security Agreement”), among ALION
SCIENCE AND TECHNOLOGY CORPORATION, a Delaware corporation (the
“Company”), each subsidiary of the Company listed on Schedule I
thereto (each such subsidiary individually a “Subsidiary Grantor”
and collectively, the “Subsidiary Grantors”; the Subsidiary
Grantors and the Company are referred to collectively herein as
the “Grantors”) and WILMINGTON TRUST COMPANY, as collateral agent
(in such capacity, the “Collateral Agent”) for the Secured Parties
(as defined herein).

          A. Reference is made to (i) the Credit Agreement dated as of March 22, 2010 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Company,
the lenders named therein (the “Lenders”), and Credit Suisse AG, as administrative agent (in such
capacity, the “Administrative Agent”) for the Lenders, (ii) the Indenture dated as of March 22,
2010 (as amended, supplemented or otherwise modified from time to time, the “Indenture”), among the
Company, the guarantors party thereto, Wilmington Trust Company, as trustee (in such capacity, the
“Trustee”) and (iii) the Intercreditor Agreement dated as of March 22, 2010 (as amended,
supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among the
Company, the other grantors party thereto, the Administrative Agent, the Trustee and the Collateral
Agent.

          B. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Credit Agreement, the Indenture, the Intercreditor Agreement or the
Security Agreement, as applicable.

          C. The Grantors have entered into the Security Agreement in order to induce the Secured
Parties to enter into and extend credit under the Finance Documents. Section 5.16 of the Security
Agreement provides that additional Subsidiaries of the Company may become Grantors under the
Security Agreement by execution and delivery of an instrument in the form of this Supplement. The
undersigned Subsidiary (the “New Grantor”) is executing this Supplement in accordance with the
requirements of the Finance Documents.

          Accordingly, the Collateral Agent and the New Grantor agree as follows:

          SECTION 1. In accordance with Section 5.16 of the Security Agreement, the New Grantor by its
signature below becomes a Grantor under the Security Agreement with the same force and effect as if
originally named therein as a Grantor and the New Grantor hereby (a) agrees to all the terms and provisions of the Security Agreement applicable
to it as a Grantor thereunder and (b) represents and warrants that the representations and
warranties made by it as a Grantor thereunder are true and correct in all material respects on and
as of the date hereof. In furtherance of the foregoing, the New

 

A-2

Grantor, as security for the payment and performance in full of the Obligations (as defined in the Security Agreement), does
hereby create and grant to the Collateral Agent, its successors and assigns, for the benefit of the
Secured Parties, their successors and assigns, a security interest in and lien on all of the New
Grantor’s right, title and interest in and to the Collateral (as defined in the Security Agreement)
of the New Grantor. Each reference to a “Grantor” in the Security Agreement shall be deemed to
include the New Grantor. The Security Agreement is hereby incorporated herein by reference.

          SECTION 2. The New Grantor represents and warrants to the Collateral Agent and the other
Secured Parties that this Supplement has been duly authorized, executed and delivered by it and
constitutes its legal, valid and binding obligation, enforceable against it in accordance with its
terms.

          SECTION 3. This Supplement may be executed in counterparts (and by different parties hereto
on different counterparts), each of which shall constitute an original, but all of which when taken
together shall constitute a single contract. This Supplement shall become effective when the
Collateral Agent shall have received counterparts of this Supplement that, when taken together,
bear the signatures of the New Grantor and the Collateral Agent. Delivery of an executed signature
page to this Supplement by facsimile transmission or other electronic means shall be as effective
as delivery of a manually signed counterpart of this Supplement.

          SECTION 4. The New Grantor hereby represents and warrants that (a) set forth on Schedule I
attached hereto is a true and correct schedule of the location of any and all Collateral of the New
Grantor and (b) set forth under its signature hereto, is the true and correct legal name of the New
Grantor, its jurisdiction of formation and the location of its chief executive office.

          SECTION 5. Except as expressly supplemented hereby, the Security Agreement shall remain in
full force and effect.

          SECTION 6. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

          SECTION 7. In case any one or more of the provisions contained in this Supplement should be
held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of
the remaining provisions contained herein and in the Security Agreement shall not in any way be
affected or impaired thereby (it being understood that the invalidity of a particular provision in
a particular jurisdiction shall not in and of itself affect the validity of such provision in any
other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the
invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as
possible to that of the invalid, illegal or unenforceable provisions.

          SECTION 8. All communications and notices hereunder shall be in writing and given as provided
in Section 5.01 of the Security Agreement. All

 

A-3

communications and notices hereunder to the New
Grantor shall be given to it at the address set forth under its signature below.

          SECTION 9. The New Grantor agrees to reimburse the Collateral Agent for its reasonable
out-of-pocket expenses in connection with this Supplement, including the reasonable fees, other
charges and disbursements of counsel for the Collateral Agent.

          IN WITNESS WHEREOF, the New Grantor and the Collateral Agent have duly executed this
Supplement to the Security Agreement as of the day and year first above written.

	 	 	 	 	 
	 	[NAME OF NEW SUBSIDIARY],

 	 
	 	by:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WILMINGTON TRUST COMPANY, as Collateral Agent

 	 
	 	by:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

Schedule I to

Supplement No. [•] to the

Security Agreement

LOCATION OF COLLATERAL

	 	 	 	 	 
	Description	 	Location	 
	 
	 	 	 	 

JURISDICTION OF FORMATION

 

 

Schedule II to

Supplement No. [•] to the

Security Agreement

Pledged Securities of the New Subsidiary

CAPITAL STOCK

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Number and	 	 	Percentage	 
	 	 	Number of	 	 	Registered	 	 	Class of	 	 	of Equity	 
	Issuer	 	Certificate	 	 	Owner	 	 	Equity Interests	 	 	Interests	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

DEBT SECURITIES

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Principal	 	 	 	 	 	 	 
	Issuer	 	Amount	 	 	Date of Note	 	 	Maturity Date	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

INTELLECTUAL PROPERTY

 

 

Exhibit B to

Security Agreement

FORM OF PERFECTION CERTIFICATE

     Reference is made to (i) the Credit Agreement dated as of March 22, 2010 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Alion Science
and Technology Corporation, a Delaware corporation (the “Company”), the lenders from time to time
party thereto and Credit Suisse AG, as administrative agent (in such capacity, the “Administrative
Agent”), (ii) the Indenture dated as of March 22, 2010 (as amended, supplemented or otherwise
modified from time to time, the “Indenture”), among the Company, the Guarantors party thereto and
Wilmington Trust Company, as trustee (in such capacity, the “Trustee”), and (iii) the Security
Agreement dated as of March 22, 2010 (as amended, supplemented or otherwise modified from time to
time, the “Security Agreement”), among the Company, the Subsidiary Grantors party thereto and
Wilmington Trust Company, as collateral agent (in such capacity, the “Collateral Agent”).
Capitalized terms used but not defined herein have the meanings set forth in the Credit Agreement,
the Indenture or the Security Agreement, as applicable, with the Credit Agreement controlling in
the event of discrepancies.

     The undersigned, each a Responsible Officer of the Company, hereby certify to the
Administrative Agent, the Trustee, the Collateral Agent and each other Secured Party as follows:

1. Names. (a) The exact legal name of each Grantor, as such name appears in its
respective certificate of formation, is as follows:

	 	 	 	 	 
	Exact Legal Name of Each Grantor	 	 	 
	 
	 	 	 	 

(b) Set forth below is each other legal name each Grantor has had in the past five years, together
with the date of the relevant change:

	 	 	 	 	 
	Grantor	 	Other Legal Name in Past 5 Years	 
	 
	 	 	 	 

(c) Except as set forth in Schedule 1 hereto, no Grantor has changed its identity or corporate
structure in any way within the past five years. Changes in identity or corporate structure would
include mergers, consolidations and acquisitions, as well as any change in the form, nature or jurisdiction of organization. If any such change has

 

B-2

occurred, include in Schedule 1 the information required by Sections 1 and 2 of this certificate as to each
acquiree or constituent party to a merger or consolidation.

(d) The following is a list of all other names (including trade names or similar appellations)
used by each Grantor or any of its divisions or other business units in connection with the conduct
of its business or the ownership of its properties at any time during the past five years:

	 	 	 	 	 
	Grantor	 	Other Name Used	 
	 
	 	 	 	 

(e) Set forth below is the Organizational Identification Number, if any, issued by the
jurisdiction of formation of each Grantor that is a registered organization:

	 	 	 	 	 
	Grantor	 	Organizational Identification Number	 
	 
	 	 	 	 

(f) Set forth below is the Federal Taxpayer Identification Number of each Grantor:

	 	 	 	 	 
	Grantor	 	Federal Taxpayer Identification Number	 
	 
	 	 	 	 

2. Current Locations. (a) The chief executive office of each Grantor is located at the
address set forth opposite its name below:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Mailing Address	 	 	County	 	 	State	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

 

B-3

(b) Set forth below opposite the name of each Grantor are all locations where such Grantor
maintains any books or records relating to any Accounts Receivable (with each location at which
chattel paper, if any, is kept being indicated by an “*”):

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Mailing Address	 	 	County	 	 	State	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

(c) The jurisdiction of formation of each Grantor that is a registered organization is set forth
opposite its name below:

	 	 	 	 	 
	Grantor	 	Jurisdiction	 
	 
	 	 	 	 

(d) Set forth below opposite the name of each Grantor are all the locations not identified in
paragraph (a), (b) or (c) above where such Grantor maintains any material Equipment or other
material Collateral:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Mailing Address	 	 	County	 	 	State	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

(e) Set forth below opposite the name of each Grantor are all the places of business of such
Grantor not identified in paragraph (a), (b), (c) or (d) above:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Mailing Address	 	 	County	 	 	State	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

(f) Set forth below is a list of all real property held by each Grantor, whether owned or leased,
the name of the Grantor that owns or leases said property and, with respect to any owned real
property, the fair market value apportioned to each site:

 

B-4

	 	 	 	 	 	 	 	 	 
	Owned/Leased	 	Grantor	 	 	Address	 
	 
	 	 	 	 	 	 	 	 

(g) Set forth below opposite the name of each Grantor are the names and addresses of all Persons
other than such Grantor that have possession of any of the Collateral of such Grantor:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grantor	 	Person and Mailing Address	 	 	County	 	 	State	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

3. Unusual Transactions. All Accounts have been originated by the Grantors and all
Inventory has been acquired by the Grantors in the ordinary course of business.

4. File Search Reports. To the undersigned’s knowledge, file search reports have been
obtained by the Administrative Agent or the Collateral Agent, as applicable, from each Uniform
Commercial Code filing office identified with respect to such Grantor in Section 2 hereof, and
based solely on copies of such file search reports provided to the undersigned by the
Administrative Agent or the Collateral Agent, as applicable, such search reports reflect no liens
against any of the Collateral other than those permitted under the Finance Documents (as defined in
the Security Agreement).

5. UCC Filings. Financing statements in substantially the form of Schedule 5 hereto have
been prepared by the Administrative Agent for filing in the proper Uniform Commercial Code filing
office in the jurisdiction in which each Grantor is located and, to the extent any of the
collateral is comprised of fixtures, timber to be cut or as extracted collateral from the wellhead
or minehead, in the proper local jurisdiction, in each case as set forth with respect to such
Grantor in Section 2 hereof.

6. Schedule of Filings. Attached hereto as Schedule 6 is a schedule setting forth, with
respect to the filings described in Section 5 above, each filing and the filing office in which
such filing is to be made by the Collateral Agent or the Administrative Agent, as applicable.

7. Stock Ownership and other Equity Interests. Attached hereto as Schedule 7A is a true
and correct list of all the issued and outstanding stock, partnership interests, limited liability
company membership interests or other equity interest of the Company and each Subsidiary and the
record and beneficial owners of such stock, partnership interests,

 

B-5

membership interests or other equity interests. Attached hereto as Schedule 7B is each equity
investment of each Grantor that represents 50% or less of the equity of the entity in which such
investment was made.

8. Debt Instruments. Attached hereto as Schedule 8 is a true and correct list of all
promissory notes and other evidence of indebtedness in excess of $200,000 held by each Grantor that
are required to be pledged under the Security Agreement, including all intercompany notes between
Company and each Subsidiary Grantor.

9. Deposit Accounts. Attached hereto as Schedule 9 is a true and correct list of deposit
accounts, brokerage accounts or securities investment accounts maintained by each Grantor,
including the name and address of the depositary institution, the type of account, and the account
number.

10. Assignment of Claims Act. Attached hereto as Schedule 10 is a true and correct list
of all Government Contracts of each Grantor that as of the date hereof constitute Material
Contracts, setting forth the contract number, name and address of contracting officer (or other
party to whom a notice of assignment under the Assignment of Claims Act should be sent), contract
start date and end date, agency with which the contract was entered into, and a description of the
contract type.

11. Advances. Attached hereto as Schedule 11 is (a) a true and correct list of all
advances made by the Company to any Subsidiary Grantor or made by any Subsidiary Grantor to the
Company or to any other Subsidiary Grantor (other than those identified on Schedule 8), which
advances will be on and after the date hereof evidenced by one or more intercompany notes pledged
to the Collateral Agent under the Security Agreement and (b) a true and correct list of all unpaid
intercompany transfers of goods sold and delivered by or to any Grantor.

12. Mortgage Filings. Attached hereto as Schedule 12 is a schedule setting forth, with
respect to each mortgaged property of a Grantor, (a) the exact name of the person that owns such
property as such name appears in its certificate of incorporation or other organizational document,
(b) if different from the name identified pursuant to clause (a), the exact name of the current
record owner of such property reflected in the records of the filing office for such property
identified pursuant to the following clause and (c) the filing office in which a mortgage with
respect to such property must be filed or recorded in order for the Collateral Agent to obtain a
perfected security interest therein.

13. Intellectual Property. Attached hereto as Schedule 13A is a schedule setting forth
all of each Grantor’s Patents, Patent Licenses, Trademarks and Trademark Licenses, including the
name of the registered owner, the registration number, the renewal date of any Trademark and the
expiration date of any Patent, Patent License or Trademark License. Attached hereto as Schedule 13B
is a schedule setting forth all of each Grantor’s Copyrights and Copyright Licenses, including the
name of the registered owner and the registration number.

 

B-6

14. Commercial Tort Claims. Attached hereto as Schedule 14 is a true and correct list of
commercial tort claims in excess of $500,000 held by any Grantor, including a brief description
thereof.

 

B-7

          IN WITNESS WHEREOF, the undersigned have duly executed this certificate on this
22nd day of March, 2010.

	 	 	 	 	 
	 	ALION SCIENCE AND TECHNOLOGY CORPORATION

 	 
	 	by  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	by  	
 	 
	 	 	Name:  	 	 
	 	 	Title:

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