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SunOpta Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1 

Execution Copy 

SECOND AMENDMENT AND JOINDER 

SECOND AMENDMENT AND
JOINDER, dated as of September 19, 2017 (this “Amendment and
Joinder”), to the Credit Agreement, dated as of February 11, 2016 (as
amended by the First Amendment dated October 7, 2016, the “Credit
Agreement”), among SunOpta Inc. (the “Company” or “Canadi-an
Parent Borrower”; as further defined in the Credit Agreement), SunOpta Foods
Inc. (the “U.S. Parent Borrower”; as further defined in the Credit
Agreement), The Organic Corporation B.V. (the “Dutch Parent Borrower”; as
further defined in the Credit Agreement) and each of the other Borrowers and
Guarantors party thereto from time to time, the Lenders party thereto from time
to time, Bank of America, N.A., as Administrative Agent under the U.S.
Subfacility (in such capacity, the “U.S. Administrative Agent”; as
further defined in the Credit Agreement), and as a U.S. Issuing Bank and the
U.S. Swingline Lender, Bank of America, N.A. (acting through its Canada Branch),
as Administrative Agent under the Canadian Subfacility (in such capacity, the
“Canadian Administrative Agent”; as further defined in the Credit
Agreement), and as a Canadian Issuing Bank and the Canadian Swingline Lender,
Bank of America, N.A. (acting through its London Branch), as Administrative
Agent under the Dutch Subfacility (in such capacity, the “Dutch
Administrative Agent”; as further defined in the Credit Agreement), and as a
Dutch Issuing Bank and the Dutch Swingline Lender, and Bank of America, N.A, as
Collateral Agent (in such capacity, the “Collateral Agent”; as further
defined in the Credit Agreement). 

R E C I T A L S 

WHEREAS,
pursuant to Section 2.15 of the Credit Agreement, the Company has the right to
request Revolving Commitments under an Incremental FILO Facility, and the
Company, the Administrative Agent and the applicable Increase Loan Lenders may
effectuate such Incremental FILO Facility pursuant to an amendment and joinder
agreement to the Credit Agreement; 

WHEREAS,
pursuant to Section 2.15 of the Credit Agreement, by notice to the
Administrative Agent dated August 8, 2017, the Company has requested an
Incremental FILO Facility as a subfa-cility with a separate borrowing base in an
initial aggregate principal amount of $15,000,000 (such subfa-cility is referred
to herein and in the Amended Credit Agreement (as defined below), as the
“U.S. Tranche B Subfacility”, and the commitments to provide the
loans thereunder are referred to herein and in the Amended Credit Agreement as
the “U.S. Tranche B Revolving Commitments”); 

WHEREAS,
each financial institution identified on the signature pages hereto as a “U.S.
Tranche B Revolving Lender” (each such financial institution, a “U.S. Tranche
B Revolving Lender”) has agreed to (i) provide a portion of the U.S. Tranche
B Subfacility, subject to the terms and conditions set forth herein and in the
Amended Credit Agreement, (ii) become, if not already, a Lender for all purposes
under the Amended Credit Agreement and (iii) the amendments to the Credit
Agreement set forth herein necessary to effectuate the U.S. Tranche B
Subfacility; 

WHEREAS, the Company has requested that
the Required Lenders consent to certain amendments to the Credit Agreement, and
the Required Lenders hereby agree to such amendments, subject to the terms and
conditions set forth herein; 

NOW,
THEREFORE, in consideration of the premises contained herein and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound hereby, agree as
follows: 

Section
1.                  Capitalized Terms. Capitalized terms used in this Amendment and
Joinder but not defined herein shall have the meanings assigned to them in the
Credit Agreement. 

Section
2.                  Amendment.

(a)                  The Credit Agreement is, hereby amended, as of the Second Amendment Effective
Date (as defined below), to delete the stricken text (indicated textually in the
same manner as the following example:  stricken text) and to add
the double-underlined text (indicated textually in the same manner as the
following example:  double-underlined text) as set forth in the pages of
the Credit Agreement attached as Exhibit A hereto (the Credit Agreement
as amended hereby, the “Amended Credit Agreement”). 

(b)                  Schedule 2.01 to the Amended Credit Agreement shall be in the form attached as
Exhibit B hereto. 

(c)                  Exhibit B-1 to the Amended Credit Agreement shall be in the form attached as
Exhibit C hereto. 

(d)                  Exhibit B-7 to the Amended Credit Agreement shall be in the form attached as
Exhibit D hereto. 

(e)                  Exhibit D to the Amended Credit Agreement shall be in the form attached as
Exhibit E hereto. 

Section
3.                  Joinder. Subject to the terms and conditions set forth herein
and in the Amended Credit Agreement, on the Second Amendment Effective Date each
U.S. Tranche B Revolving Lender shall become (i) a “U.S. Tranche B Revolving
Lender” and, to the extent not already, a “Lender” under and as defined in the
Amended Credit Agreement, subject to all of the rights, obligations and
conditions thereto under the Amended Credit Agreement and (ii) a holder of “U.S.
Tranche B Revolving Commitments” under and as defined in the Amended Credit
Agreement in the amount set forth and opposite to such U.S. Tranche B Revolving
Lender’s name on Schedule 2.01 attached as Exhibit B to this
Amendment and Joinder under the caption “U.S. Tranche B Revolving
Commitments”.

Section
4.                  Representations and Warranties. Each Credit Party makes the
following representations and warranties: 

(a)                  no Default or Event of Default exists pursuant to the Credit Agreement as of the
Second Amendment Effective Date, and immediately after giving effect to the
incurrence of the U.S. Tranche B Subfacility; and 

(b)                  ach of the representations and warranties made by any Credit Party set forth in
Section 7 of the Credit Agreement, and in any Credit Document, are true and
correct in all material respects (without duplication of any materiality
standard set forth in any such representation or warranty) on and as of the
Second Amendment Effective Date with the same effect as though made on and as of
such date, except to the extent such representations and warranties relate to an
earlier date, in which event such representations and warranties were true in
all material respects as of such earlier date (without duplication of any
materiality standard set forth in any such representation or warranty).

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Section
5.                  Conditions to Effectiveness of this Amendment and Joinder. This
Amendment and Joinder shall become effective on the date (such date, the
“Second Amendment Effective Date”) that the following conditions
have been satisfied: 

(a)                  the U.S. Administrative Agent shall have received counterparts of this Amendment
and Joinder executed by the Administrative Agents, the Borrowers, the U.S.
Tranche B Revolving Lenders holding in aggregate $15,000,000 of U.S. Tranche B
Revolving Commitments and the Required Lenders; 

(b)                  the Company (or its designee) shall have paid, or caused to be paid, all
reasonable documented out of pocket costs and expenses of the U.S.
Administrative Agent in connection with the preparation, negotiation and
execution of this Amendment and Joinder (including the fees and expenses of
Cahill Gordon & Reindel LLP as counsel to the U.S. Administrative Agent) for
which invoices have been presented to the Company at least two business days
prior to the Second Amendment Effective Date; 

(c)                  the Company (or its designee) shall have paid, or caused to be paid, all fees
owed to Bank of America, N.A, as sole bookrunner and arranger of this Amendment
and Joinder and to the U.S. Tranche B Revolving Lenders pursuant to that certain
Engagement Letter dated Septem-ber 6, 2017 by and between the Company and Bank
of America, N.A.; 

(d)                  the Administrative Agent shall have received from Simpson Thacher & Bartlett
LLP, U.S. counsel to the Credit Parties, an opinion addressed to the
Administrative Agents, the Collateral Agent and each of the Lenders (including
the U.S. Tranche B Revolving Lenders) party to the Amended Credit Agreement on
the Second Amendment Effective Date and dated the Second Amendment Effective
Date in form and substance reasonably satisfactory to the U.S. Administrative
Agent; 

(e)                  the Administrative Agent shall have received a Notice of Borrowing as required
by Section 2.03(II) of the Credit Agreement; 

(f)                  the Availability Conditions on the Second Amendment Effective Date shall be
satisfied; 

(g)                  no Default or Event of Default shall exist as of the Second Amendment Effective
Date, or result from the funding of any U.S. Tranche B Revolving Loans on the
Second Amendment Effective Date; 

(h)                  each of the representations and warranties made by any Credit Party set forth in
Section 7 of the Credit Agreement, and in any Credit Document, shall be true and
correct in all material respects (without duplication of any materiality
standard set forth in any such representation or warranty) on and as of the
Second Amendment Effective Date with the same effect as though made on and as of
such date, except to the extent such representations and warranties relate to an
earlier date, in which event such representations and warranties shall be true
in all material respects as of such earlier date (without duplication of any
materiality standard set forth in any such representation or warranty); 

(i)                  the Administrative Agent shall have received a certificate, dated the Second
Amendment Effective Date and signed on behalf of the Company (and not in any
individual capacity) by a Responsible Officer of the Company, certifying on
behalf of the Company that the conditions set forth in Sections 5(g) and
5(h) hereof have been satisfied; 

-3- 

(j)                  the Administrative Agent shall have received a certificate from the Company and
each U.S. Credit Party, dated the Second Amendment Effective Date, signed by a
Responsible Officer of such Credit Party, and to the extent applicable attested
to by the secretary or any assistant secretary of such Credit Party, in each
case, on behalf of such Credit Party (and not in any individual capacity),
certifying (i) that the copies of such Credit Party’s certificate or articles of
incorporation and by-laws (or equivalent organizational documents) (x) as
previously certified and delivered to the Administrative Agent, remain in full
force and effect as of the Second Amendment Effective Date without modification
or amendment since such original delivery or (y) as certified as of a recent
date by the appropriate Governmental Authority of the jurisdiction of such
Credit Party’s organization or formation and attached to such officer’s
certificate, are true, correct, and complete and in full force and effect as of
the Second Amendment Effective Date and (ii) that the copies of the Credit
Parties’ resolutions approving and adopting this Amendment and Joinder, the
transactions contemplated herein, and authorizing the execution and delivery
thereof, as attached to such officer’s certificate, are true, correct, and
complete copies and in full force and effect as of the Second Amendment
Effective Date; 

(k)                  the Administrative Agent shall have received good-standing certificates (or
similar instrument, if applicable) and bring-down telegrams or facsimiles, with
respect to entities incorporated or formed under the Requirements of Law of any
jurisdiction for the Company and the U.S. Credit Parties which the
Administrative Agent reasonably may have requested, certified by proper
governmental authorities; 

(l)                  the Company shall have delivered to the Administrative Agent a Borrowing Base
Certificate (including the U.S. Tranche B Borrowing Base) for the month ended
July 31, 2017, substantially in the form of Exhibit E hereto; and 

(m)                  with respect to each Mortgaged Property located in the United States of America
owned by a Credit Party as of the Second Amendment Effective Date, the U.S.
Administrative Agent shall have received (i) a completed “life-of-loan” Federal
Emergency Management Agency standard flood hazard determination (to the extent a
Mortgaged Property is located in an area identified by the Federal Emergency
Management Agency (or any successor agency) as a special flood hazard area with
respect to which flood insurance has been made available under the Flood
Insurance Laws, together with a notice about special flood hazard area status
and flood disaster assistance duly executed by the Company and the applicable
Credit Party relating thereto) and (ii) a copy of, or a certificate as to
coverage under, and a declaration page relating to, the insurance policies
required by Section 8.03 of the Credit Agreement and the applicable
provisions of the Collateral and Guarantee Requirement, each of which shall
satisfy the requirements set forth in Section 5.15 of the Credit Agreement. 

Section
6.                  Post-Closing Obligations. Within 90 days after the Second
Amendment Effective Date (which period may be extended in the reasonable
discretion of the Administrative Agent upon the request of the Company), the
Company or relevant Credit Party shall deliver to the Administrative Agent: 

(i)                  EITHER:

(a)                  written confirmation (which confirmation may be provided in the form of an
electronic mail acknowledgment in form and substance reasonably satisfactory to
the Collateral Agent) from local counsel in the jurisdiction in which the
Mortgaged Property is located substantially to the effect that: (x) the
recording of the existing Mortgage is the only filing or recording necessary to
give constructive notice to third parties of the lien created by such Mortgage
as security for the Obligations, including the Obligations evidenced by the
Credit Agreement, as amended pursuant to this Amendment and Joinder, for the
benefit of the Secured Creditors; and (y) no other documents, instruments,
filings, recordings, re-recordings, re-filings or other actions, including,
without limitation, the payment of any mortgage recording taxes or similar
taxes, are necessary or appropriate under applicable law in order to maintain
the continued enforceability, validity or priority of the lien created by such
Mortgage as security for the Obligations, including the Obligations evidenced by
the Credit Agreement, as amended pursuant to this Amendment and Joinder, for the
benefit of the Secured Creditors; OR

-4- 

(b)                  the following documents:

(i)                  with respect to each Mortgage encumbering a Mortgaged Property, an amendment
thereof (a “Mortgage Amendment”) duly executed and acknowledged by
Company or the relevant Credit Party, and in form for recording in the recording
office where the Mortgage was recorded, together with such certificates,
affidavits, questionnaires or returns as shall be required in connection with
the recording or filing thereof under applicable law, in each case in form and
substance reasonably satisfactory to the Collateral Agent;

(ii)                  with respect to each Mortgage Amendment, a date down endorsement to the existing
title policy relating to the Mortgage encumbering the applicable Mortgaged
Property (a “Title Policy Endorsement”) insuring that each Mortgage, as
amended by such Mortgage Amendment is a valid and enforceable first priority
lien on such Mortgaged Property in favor of the Collateral Agent for the benefit
of the Secured Creditors free and clear of all defects, encumbrances and liens
except for Permitted Liens and each such Title Policy Endorsement shall
otherwise be in form and substance reasonably satisfactory to the Collateral
Agent; 

(iii)                  with respect to each Mortgage Amendment, customary legal opinions of local
counsel for the Company or relevant Credit Party in the jurisdiction in which
the applicable Mortgaged Property is located with respect to the enforceability
of the Mortgage Amendment and other customary matters as reasonably requested by
the Collateral Agent, and in the jurisdiction of formation of the Company or
relevant Credit Party with respect to the due authorization, execution and
delivery of such Mortgage Amendment, in each case in form and substance
reasonably acceptable to the Collateral Agent; and 

(iv)                  evidence acceptable to the Collateral Agent of payment by the Company or
relevant Credit Party of all applicable title insurance premiums, search and
examination charges, survey costs and related charges, mortgage recording taxes,
fees, charges, costs and expenses required for the recording of the Mortgage
Amendments and issuance of the Title Policy Endorsements. 

Notwithstanding anything herein to the contrary if the Company
determines (in its sole discretion) that the burden, cost, time or consequences
of obtaining such items is excessive in relation to the benefits to be obtained
therefrom by the Secured Creditors, then the Company may request that the
Collateral Agent waive, and the Collateral Agent may consent to waive (which
consent shall not be unreasonably withheld), the requirements of this Section.

Section
7.                  Counterparts. This Amendment and Joinder may be executed in any
number of counterparts and by different parties hereto on separate counterparts
(including by facsimile or other electronic transmission (i.e., a “pdf” or
“tif”), each of which when so executed and delivered shall be deemed to be an original, but all of which shall together
constitute one and the same instrument. A set of counterparts executed by all
the parties hereto shall be lodged with the Company and the U.S. Administrative
Agent. 

-5- 

Section
8.                  Governing Law; Submission to Jurisdiction; Venue; Waiver of
Jury Trial.

(a)                  THIS AMENDMENT AND JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK. 

(b)                  EACH PARTY TO THIS AMENDMENT AND JOINDER CONSENTS TO THE EXCLUSIVE JURISDICTION
OF ANY STATE COURT SITTING IN NEW YORK COUNTY OR THE UNITED STATES DISTRICT
COURT OF THE SOUTHERN DISTRICT OF NEW YORK, IN ANY DISPUTE, ACTION, LITIGATION
OR OTHER PROCEEDING RELATING IN ANY WAY TO THIS AMENDMENT AND JOINDER, AND
AGREES THAT ANY DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING SHALL BE BROUGHT
BY IT SOLELY IN ANY SUCH COURT. EACH PARTY TO THIS AMENDMENT AND JOINDER
IRREVOCABLY AND UNCONDITIONALLY WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT
IT MAY HAVE REGARDING ANY SUCH COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION,
VENUE OR INCONVENIENT FORUM. EACH PARTY TO THIS AMENDMENT AND JOINDER
IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND
CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
12.03 OF THE CREDIT AGREEMENT. A FINAL JUDGMENT IN ANY PROCEEDING OF ANY
SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON THE JUDGMENT OR ANY OTHER MANNER PROVIDED BY APPLICABLE REQUIREMENT OF
LAW.

     (i)                  EACH OF THE PARTIES TO THIS
AMENDMENT AND JOINDER HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN
ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
AMENDMENT AND JOINDER OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section
9.                  Headings. The headings of the several Sections and subsections
of this Amendment and Joinder are inserted for convenience only and shall not in
any way affect the meaning or construction of any provision of this Amendment
and Joinder. 

Section
10.                  Effect of this Amendment and Joinder. Except as expressly set
forth herein, (i) this Amendment and Joinder shall not by implication or
otherwise limit, impair, constitute a waiver of or otherwise affect the rights
and remedies of the Lenders, the Administrative Agents or the Collateral Agent,
in each case under the Credit Agreement or any other Credit Document, (ii) shall
not alter, modify, amend or in any way affect any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other Credit Document and (iii) each and every term, condition, obligation,
covenant and agreement contained in the Credit Agreement or any other Credit
Document is hereby ratified and re-affirmed in all respects and shall continue
in full force and effect. Each of the Credit Parties hereby consents to this
Amendment and Joinder and confirms and reaffirms (i) that all obligations of
such Credit Party under the Credit Documents to which such Credit Party is a
party shall continue to apply to the Credit Agreement as amended hereby, (ii)
its Guarantees of the Obligations, (iii) its pledges and grants of security
interests and Liens on the Collateral to secure the Obligations pursuant to the
Security Documents and (iv) such Guarantees, pledges and grants of security
interests, as applicable, shall continue to be in full force and effect and
shall continue to inure to the benefit of the Lenders and the other Secured
Creditors. This Amendment and Joinder shall constitute (x) a Credit Document
and (y) an Incremental Revolving Commitment Agreement, in each
case, for purposes of the Credit Agreement. On and after the effectiveness of
this Amendment and Joinder, each reference in any Credit Document to “the Credit
Agreement” shall mean and be a reference to the Amended Credit Agreement and
each reference in the Credit Agreement to “this Agreement,” “hereunder,”
“hereof” or words of like import shall mean and be a reference to the Amended
Credit Agreement. The parties hereto acknowledge and agree that the amendment of
the Credit Agreement pursuant to this Amendment and Joinder and all other Credit
Documents amended and/or executed and delivered in connection herewith shall not
constitute a novation of the Credit Agreement or of any other Credit Documents
as in effect prior to the Second Amendment Effective Date. 

-6- 

[Remainder of page intentionally left blank] 

-7- 

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

	 	SUNOPTA INC. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President and Chief Financial
      Officer 
	 	 	 
	 	 	 
	 	SUNOPTA FOODS INC. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNOPTA GRAINS AND FOODS INC. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	CITRUSOURCE, LLC 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNOPTA COMPANIES INC. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNOPTA GLOBAL ORGANIC INGREDIENTS
      INC. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 

[Signature Page to Second Amendment and Joinder] 

	 	TRADIN ORGANICS USA LLC. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNOPTA INVESTMENTS LTD. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNRISE HOLDINGS (DELAWARE), INC.
  
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNRISE GROWERS, INC. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	FARM CAPITAL INCORPORATED 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	PACIFIC RIDGE FARMS, LLC 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	Name: Robert McKeracher 
	 	 	Title: Vice President 

[Signature Page to Second Amendment and Joinder] 

	 	COÖPERATIE SUNOPTA U.A. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Bob Kouw 
	 	 	Name: Bob Kouw 
	 	 	Title: Authorized Signatory 
	 	 	 
	 	 	 
	 	By: 	/s/
      Gerard Versteegh 
	 	 	Name: Gerard Versteegh 
	 	 	Title: Authorized Signatory 
	 	 	 
	 	 	 
	 	THE ORGANIC CORPORATION B.V. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Bob Kouw 
	 	 	Name: Bob Kouw 
	 	 	Title: Authorized Signatory 
	 	 	 
	 	 	 
	 	By: 	/s/
      Gerard Versteegh 
	 	 	Name: Gerard Versteegh 
	 	 	Title: Authorized Signatory 
	 	 	 
	 	 	 
	 	CROWN OF HOLLAND B.V. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Bob Kouw 
	 	 	Name: Bob Kouw 
	 	 	Title: Authorized Signatory 
	 	 	 
	 	 	 
	 	By: 	/s/
      Gerard Versteegh 
	 	 	Name: Gerard Versteegh 
	 	 	Title: Authorized Signatory 
	 	 	 
	 	 	 
	 	TRADIN ORGANIC AGRICULTURE B.V.

	 	 	 
	 	 	 
	 	By: 	/s/
      Bob Kouw 
	 	 	Name: Bob Kouw 
	 	 	Title: Authorized Signatory 
	 	 	 
	 	 	 
	 	By: 	/s/
      Gerard Versteegh 
	 	 	Name: Gerard Versteegh 
	 	 	Title: Authorized Signatory

[Signature Page to Second Amendment and Joinder] 

	 	TRABOCCA B.V. 
	 	 	 
	 	 	 
	 	By: 	/s/
      Bob Kouw 
	 	 	Name: Bob Kouw 
	 	 	
      Title: Authorized Signatory 

	 	 	 
	 	 	 
	 	By: 	/s/
      Gerard Versteegh 
	 	 	Name: Gerard Versteegh 
	 		
      Title: Authorized Signatory  

	 	 	 
	 	 	 
	 	SUNOPTA FINANCING 2017 LLC 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 		
      Name: Robert McKeracher  

	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNOPTA HOLDINGS LLC 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 		
      Name: Robert McKeracher  

	 	 	Title: Vice President 
	 	 	 
	 	 	 
	 	SUNOPTA FINANCING CANADA ULC 
	 	 	 
	 	 	 
	 	By: 	/s/
      Robert McKeracher 
	 	 	
      Name: Robert McKeracher 

	 	 	Title: Vice President 

[Signature Page to Second Amendment and Joinder] 

		
      BANK OF AMERICA N.A., as U.S. Administrative Agent,
      Collateral Agent, U.S. Swingline Lender, U.S. Is- suing Bank and a U.S.
      Revolving Lender 

	
       
	
      
	
      

	
       
	
      
	
      

	
       
	
      By: 
	
      /s/ Steven Siravo 

	
       
	
                     
	
      Name: Steven Siravo 

	
       
	
                     
	
      Title: Senior Vice President 

	
       
	
      
	
      

	
       
	
      
	
      

	
       
	
      
	
      

	
       
	
      
	
      

		
      BANK OF AMERICA, N.A. (acting through its Canada branch),
      as Canadian Administrative Agent, Canadian Swingline Lender, Canadian
      Issuing Bank and a Canadi- an Revolving Lender 

	
       
	
      
	
      

	
       
	
      
	
      

	
       
	
      By: 
	
      /s/ Sylwia Durkiewicz 

	
       
	
                     
      
	
      Name: Sylwia Durkiewicz

	
       
	
                     
	
      Title: Vice President 

	
       
	
      
	
      

	
       
	
      
	
      

	
       
	
      
	
      

	
       
	
      
	
      

		
      BANK OF AMERICA, N.A. (acting through its London branch),
      as Dutch Administrative Agent, Dutch Swingline Lender, Dutch Issuing Bank
      and a Dutch Revolving Lender 

	
       
	
      
	
      

	
       
	
      
	
      

	
       
	
      By: 
	
      /s/ Steven Siravo 

	
       
	
       
	
      Name:Steven Siravo 

	
       
	
                     
      
	
      Title: Senior Vice President

[Signature Page to Second Amendment and Joinder] 

[ADDITIONAL LENDER SIGNATURES OMITTED] 

[Joinder Agreement Signature Page] 

 

 

 

 

[Signature Page to Second Amendment and Joinder] 

Exhibit A 

Amended Credit Agreement 

(See Attached)

	Exhibit A to
      SunOpta ABL Second Amendment 

	CREDIT AGREEMENT 
	 
	Originally
      Ddated as of February 11, 2016, 
	 
	as amended by the First Amendment,
      dated as of October 7, 2016 
	 
	and 
	 
	as further amended by the Second
      Amendment, dated as of September 19, 2017 
	  
	 
	among 
	 
	SUNOPTA INC., 
	as Company and Canadian Parent Borrower, 
	 
	SUNOPTA FOODS, INC., 
	as U.S. Parent Borrower 
	 
	THE ORGANIC CORPORATION B.V., 
	as Dutch Parent Borrower 
	 
	Certain of the Company’s subsidiaries from time to time
      party hereto as Borrowers and Guarantors, 
	 
	VARIOUS LENDERS, 
	 
	BANK OF AMERICA, N.A., 
	as U.S. ADMINISTRATIVE AGENT, COLLATERAL AGENT and U.S.
      ISSUING BANK, 
	 
	BANK OF AMERICA, N.A. (ACTING THROUGH ITS CANADA BRANCH),
    
	as CANADIAN ADMINISTRATIVE AGENT and CANADIAN ISSUING
      BANK 
	 
	BANK OF AMERICA, N.A. (ACTING THROUGH ITS LONDON BRANCH),
    
	as DUTCH ADMINISTRATIVE AGENT and DUTCH ISSUING BANK
  
	  
	_______________________________________
    

	 
	 
	RABOBANK NEDERLAND, CANADIAN BRANCH 
	and 
	BANK OF MONTREAL, 
	as CO-SYNDICATION AGENTS, 
	 
	JPMORGAN CHASE BANK, N.A. 
	as DOCUMENTATION AGENT 
	 
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
    
	RABOBANK NEDERLAND, CANADIAN BRANCH 
	and 
	BANK OF MONTREAL, 
	as JOINT LEAD ARRANGERS and JOINT BOOKRUNNERS 
	 

	Page 
	 

-ii- 

TABLE OF CONTENTS 

	  	 	  	Page 
	  	 	  	  
	SECTION 1 	 	DEFINITIONS AND ACCOUNTING
      TERMS 	1 
	  	 	  	  
	1.01. 	 	   Defined Terms 	1 
	1.02. 	 	   Terms Generally 	8387

	1.03. 	 	   Uniform Commercial
      Code and PPSA 	8387

	1.04. 	 	   Exchange Rates; Currency
      Equivalent 	8388

	1.05. 	 	   Interpretation
      (Quebec) 	8488

	1.06. 	 	   Currency Fluctuations 	8489

	1.07. 	 	   Interpretation
      (the Netherlands) 	8589

	1.08. 	 	   Additional Alternative Currencies
    	8690

	1.09. 	 	   Change of Currency
    	8691

	1.10. 	 	   Letter of Credit Amounts 	8791

	1.11. 	 	   Accounting Terms
    	8791

	1.12. 	 	   Pro Forma and Other Calculations
    	8892

	  	 	  	  
	SECTION 2 	 	AMOUNT AND TERMS OF CREDIT 	8993

	  	 	  	  
	2.01. 	 	   Commitments 	8993

	2.02. 	 	   Loans 	9094

	2.03. 	 	   Borrowing Procedure 	9296

	2.04. 	 	   Evidence of Debt;
      Repayment of Loans 	9398

	2.05. 	 	   Fees 	9499

	2.06. 	 	   Interest on Loans
    	95100
  
	2.07. 	 	   Termination and Reduction of
      Commitments 	97102
  
	2.08. 	 	   Interest Elections
    	98103
  
	2.09. 	 	   Optional and Mandatory Prepayments
      of Loans 	99105
  
	2.10. 	 	   Payments
      Generally; Pro Rata Treatment; Sharing of Setoffs 	102107
  
	2.11. 	 	   Defaulting Lenders 	103108
  
	2.12. 	 	   Swingline Loans
	105111
  
	2.13. 	 	   Letters of Credit 	107113
  
	2.14. 	 	   Settlement Amongst
      Lenders 	114119
  
	2.15. 	 	   Revolving Commitment Increase 	114120
  
	2.16. 	 	   Borrower
      Representative 	117122
  
	2.17. 	 	   Overadvances 	117122
  
	2.18. 	 	   Protective
      Advances 	118123
  
	2.19. 	 	   Extensions of Revolving Loans and
      Revolving Commitments 	118124
  
	2.20. 	 	   Adjustment of
      Revolver Commitments 	121126
  
	2.21. 	 	   Subsidiary Borrowers 	122127
  
	2.22. 	 	   Reserves 	123128
  
	  	 	  	  
	SECTION 3 	 	YIELD PROTECTION, ILLEGALITY
      AND REPLACEMENT OF LENDERS	124129
  
	  	 	  	  
	3.01. 	 	   Increased Costs,
      Illegality, etc 	124129
  
	3.02. 	 	   Compensation 	126131
  
	3.03. 	 	   Change of Lending
      Office 	126132
  
	3.04. 	 	   Replacement of Lenders 	126132
  

	  	 	  	Page 
	  	 	  	  
	SECTION 4 	 	TAXES 	127133
  
	  	 	  	  
	4.01. 	 	   Net Payments 	127133
  
	4.02. 	 	   VAT 	129135
  
	  	 	  	  
	SECTION 5 	 	CONDITIONS PRECEDENT TO CREDIT EVENTS ON THE
      CLOSING DATE 	131136
  
	  	 	  	  
	5.01. 	 	   Closing Date; Credit Documents 	131136
  
	5.02. 	 	   Officer’s
      Certificate 	131136
  
	5.03. 	 	   Opinions of Counsel 	131136
  
	5.04. 	 	   Corporate
      Documents; Proceedings, etc 	131137
  
	5.05. 	 	   Solvency Certificate 	131137
  
	5.06. 	 	   Borrowing Base
      Certificate 	132137
  
	5.07. 	 	   Material Adverse Effect 	132137
  
	5.08. 	 	   Fees, etc 	132137
  
	5.09. 	 	   Security Agreements 	132137
  
	5.10. 	 	   Financial
      Statements 	132138
  
	5.11. 	 	   Patriot Act 	133138
  
	5.12. 	 	   Insurance 	133138
  
	5.13. 	 	   Repayment of Obligations of
      Existing Credit Agreements 	133138
  
	5.14. 	 	   Field Examinations
      and Appraisals 	133138
  
	5.15. 	 	   Mortgaged Properties 	133138
  
	5.16. 	 	   Intercreditor
      Agreement 	133139
  
	5.17. 	 	   Minimum Total Excess Availability
    	133139
  
	  	 	  	  
	SECTION 6 	 	CONDITIONS PRECEDENT TO ALL CREDIT EVENTS 	134139
  
	  	 	  	  
	6.01. 	 	   Notice of Borrowing 	134139
  
	6.02. 	 	   Availability 	134139
  
	6.03. 	 	   No Default 	134139
  
	6.04. 	 	   Representations
      and Warranties 	134139
  
	  	 	  	  
	SECTION 7 	 	REPRESENTATIONS AND WARRANTIES
    	134140
  
	  	 	  	  
	7.01. 	 	   Organizational
      Status 	134140
  
	7.02. 	 	   Power and Authority 	135140
  
	7.03. 	 	   No Violation 	135140
  
	7.04. 	 	   Approvals 	135140
  
	7.05. 	 	   Financial
      Statements; Financial Condition; Projections 	135141
  
	7.06. 	 	   Litigation 	136141
  
	7.07. 	 	   True and Complete
      Disclosure 	136141
  
	7.08. 	 	   Use of Proceeds; Margin
      Regulations 	136141
  
	7.09. 	 	   Tax Returns and
      Payments 	136142
  
	7.10. 	 	   ERISA 	137142
  
	7.11. 	 	   The Security
      Documents 	137142
  
	7.12. 	 	   Title to Real Estate 	138143
  
	7.13. 	 	   Subsidiaries 	138143
  
	7.14. 	 	   Compliance with Statutes;
      Sanctions; Patriot Act; Anti-Corruption Laws 	138143
  
	7.15. 	 	   Investment Company
      Act 	139144
  
	7.16. 	 	   Environmental Matters 	139144
  

-ii- 

	 	 	  	Page 
	 	 	  	  
	7.17. 	 	   Labor Relations
	139144
  
	7.18. 	 	   Intellectual Property 	139145
  
	7.19. 	 	   Centre of Main
      Interests 	139145
  
	7.20. 	 	   Borrowing Base Certificate 	140145
  
	7.21. 	 	   Dutch Works
      Council Act 	140145
  
	7.22. 	 	   Canadian Pension Plans 	140145
  
	 	 	  	  
	SECTION 8 	 	AFFIRMATIVE COVENANTS 	140145
  
	 	 	  	  
	8.01. 	 	   Information Covenants 	140145
  
	8.02. 	 	   Books, Records and
      Inspections 	143148
  
	8.03. 	 	   Maintenance of Property; Insurance
    	144150
  
	8.04. 	 	   Existence;
      Franchises 	145151
  
	8.05. 	 	   Compliance with Statutes, etc 	146151
  
	8.06. 	 	   Compliance with
      Environmental Laws 	146151
  
	8.07. 	 	   ERISA 	146152
  
	8.08. 	 	   Payment of Taxes
    	146152
  
	8.09. 	 	   Use of Proceeds 	147152
  
	8.10. 	 	   Additional
      Security; Further Assurances; etc 	147152
  
	8.11. 	 	   Post-Closing Actions 	148154
  
	8.12. 	 	   Dutch Works
      Council Act 	149155
  
	8.13. 	 	   Certain Additional Account
      Security Actions and Additional Inventory Security Actions 	150155
  
	8.14. 	 	   Designation of
      Unrestricted Subsidiaries 	150155
  
	8.15. 	 	   Collateral Monitoring and
      Reporting 	150156
  
	 	 	  	  
	SECTION 9 	 	NEGATIVE COVENANTS 	154159
  
	 	 	  	  
	9.01. 	 	   Liens 	154159
  
	9.02. 	 	   Asset Sales 	159164
  
	9.03. 	 	   Restricted Payments and Restricted
      Junior Debt Payments 	160165
  
	9.04. 	 	   Indebtedness 	163168
  
	9.05. 	 	   Investments 	167173
  
	9.06. 	 	   Transactions with
      Affiliates 	171176
  
	9.07. 	 	   Modifications of Debt Documents,
      Certificate of Incorporation, By-Laws and Certain Other Agreements, etc
	173178
  
	9.08. 	 	   Limitation on
      Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries
    	173178
  
	9.09. 	 	   Business; Fiscal Year 	175180
  
	9.10. 	 	   Negative Pledges
    	175181
  
	9.11. 	 	   Merger, Consolidation or Sale of
      All or Substantially All Assets 	177183
  
	9.12. 	 	   Financial Covenant
    	179185
  
	9.13. 	 	   Canadian Pension Plans 	180185
  
	 	 	  	  
	SECTION 10 	 	EVENTS OF DEFAULT 	180185
  
	 	 	  	  
	10.01. 	 	   Payments 	180185
  
	10.02. 	 	   Representations,
      etc 	180185
  
	10.03. 	 	   Covenants 	180185
  
	10.04. 	 	   Default Under
      Other Agreements 	180185
  
	10.05. 	 	   Bankruptcy, etc 	181186
  

-iii- 

	 	 	  	Page 
	 	 	  	  
	10.06. 	 	   ERISA; Dutch Works
      Council Act 	181186
  
	10.07. 	 	   Credit Documents 	181187
  
	10.08. 	 	   Guarantees 	182187
  
	10.09. 	 	   Judgments 	182187
  
	10.10. 	 	   Change of Control
    	182187
  
	10.11. 	 	   Application of Funds 	182188
  
	 	 	  	  
	SECTION 11 	 	THE ADMINISTRATIVE AGENT 	184189
  
	 	 	  	  
	11.01. 	 	   Appointment and Authorization 	184189
  
	11.02. 	 	   Delegation of
      Duties 	185190
  
	11.03. 	 	   Liability of Agents 	185190
  
	11.04. 	 	   Reliance by the
      Agents 	185191
  
	11.05. 	 	   Notice of Default 	186191
  
	11.06. 	 	   Credit Decision;
      Disclosure of Information by the Agents 	186191
  
	11.07. 	 	   Indemnification of the Agents 	187192
  
	11.08. 	 	   Administrative
      Agent and Collateral Agent in Its Individual Capacity 	187192
  
	11.09. 	 	   Successor Administrative Agents
	187193
  
	11.10. 	 	   Administrative
      Agent May File Proofs of Claim 	188194
  
	11.11. 	 	   Collateral and Guarantee Matters
    	189194
  
	11.12. 	 	   Bank Product
      Providers 	189194
  
	11.13. 	 	   The Collateral Agent 	189195
  
	11.14. 	 	   Withholding Taxes
    	189195
  
	11.15. 	 	   Quebec Representative 	190195
  
	11.16. 	 	   Appointment of
      Collateral Agent as security trustee for UK Security Agreements 	190196
  
	11.17. 	 	   Authorization to Take Action
      Regarding Dutch Pledges 	193199
  
	 	 	  	  
	SECTION 12  	 	MISCELLANEOUS	194199
  
	 	 	  	  
	12.01. 	 	   Payment of Expenses, etc 	194199
  
	12.02. 	 	   Right of Setoff
	195200
  
	12.03. 	 	   Notices 	195200
  
	12.04. 	 	   Benefit of
      Agreement; Assignments; Participations, etc 	196201
  
	12.05. 	 	   No Waiver; Remedies Cumulative 	198203
  
	12.06. 	 	   [Reserved] 	198203
  
	12.07. 	 	   GOVERNING LAW; SUBMISSION TO
      JURISDICTION; VENUE; WAIVER OF JURY TRIAL 	198203
  
	12.08. 	 	   Counterparts 	198204
  
	12.09. 	 	   Headings Descriptive 	199204
  
	12.10. 	 	   Amendment or
      Waiver; etc 	199204
  
	12.11. 	 	   Survival 	202207
  
	12.12. 	 	   Domicile of Loans
    	202207
  
	12.13. 	 	   Release of Collateral or
      Guarantors 	202208
  
	12.14. 	 	   Confidentiality
	203209
  
	12.15. 	 	   USA Patriot Act Notice 	204210
  
	12.16. 	 	   Waiver of
      Sovereign Immunity 	204210
  
	12.17. 	 	   Canadian Anti-Money Laundering
      Legislation 	204210
  
	12.18. 	 	   Absence of
      Fiduciary Relationship 	205211
  
	12.19. 	 	   Electronic Signatures 	205211
  

-iv- 

	  	 	  	Page 
	  	 	  	  
	12.20. 	 	   Judgment Currency
    	205211
  
	12.21. 	 	   Dutch Credit Party Representation
    	206211
  
	12.22. 	 	   Acknowledgement
      and Consent to Bail-In of EEA Financial Institutions 	206211
  
	  	 	  	  
	SECTION 13 	 	CREDIT PARTY GUARANTEE 	206212
  
	  	 	  	  
	13.01. 	 	   The Guarantee 	206212
  
	13.02. 	 	   Bankruptcy 	207212
  
	13.03. 	 	   Nature of
      Liability 	207213
  
	13.04. 	 	   Independent Obligation 	207213
  
	13.05. 	 	   Authorization 	208213
  
	13.06. 	 	   Reliance 	208214
  
	13.07. 	 	   Subordination 	209214
  
	13.08. 	 	   Waiver 	209215
  
	13.09. 	 	   Maximum Liability
    	209215
  
	13.10. 	 	   Payments 	210215
  
	13.11. 	 	   [Reserved] 	210215
  
	13.12. 	 	   Information 	210216
  
	13.13. 	 	   Severability 	210216
  
	13.14. 	 	   Canadian Severability 	210216
  

	SCHEDULE 1.01A 	Unrestricted Subsidiaries

	SCHEDULE 1.01B 	Existing Letters of Credit 
	SCHEDULE 1.01C 	Immaterial Subsidiaries 
	SCHEDULE 1.01D 	Canadian and U.S. Fixed Asset Amount
      Depreciation Schedule 
	SCHEDULE 2.011 	Commitments 
	SCHEDULE 5.15 	Closing Date Mortgaged Property 
	SCHEDULE 7.13 	Subsidiaries 
	SCHEDULE 8.15(d) 	Deposit Accounts 
	SCHEDULE 9.01(viii) 	Existing Liens 
	SCHEDULE 9.02(xx) 	Disposition of Specified Assets 
	SCHEDULE 9.04(iv) 	Existing Indebtedness 
	SCHEDULE 9.05(viii) 	Existing Investments 
	SCHEDULE 12.03 	Notices 
	  	  
	  	  
	EXHIBIT A-1 	Form of Notice of Borrowing
  
	EXHIBIT A-2 	Form of Notice of Conversion/Continuation

	EXHIBIT B-1 	Form of U.S. Tranche A Revolving Note 
	EXHIBIT B-2 	Form of Canadian Revolving Note 
	EXHIBIT B-3 	Form of Dutch Revolving Note
  
	EXHIBIT B-4 	Form of U.S. Swingline Note 
	EXHIBIT B-5 	Form of Canadian Swingline Note
    
	EXHIBIT B-6 	Form of Dutch Swingline Note 
	EXHIBIT B-7 	Form of
      U.S. Tranche B Revolving Note 
	EXHIBIT C 	Form of U.S. Tax Compliance Certificate 
	EXHIBIT D 	Form of Borrowing Base
      Certificate 
	EXHIBIT E 	Form of Joinder Agreement 

______________________________________
1 Schedules (other than Schedule 2.01) and Exhibits (other than
Exhibits B-1, B-7 and D) are not being amended. 

-v- 

	EXHIBIT F 	Form of Solvency Certificate
  
	EXHIBIT G 	Form of Compliance Certificate 
	EXHIBIT H 	Form of Assignment and
      Assumption Agreement 
	EXHIBIT I 	Form of Assignment Notice 
	EXHIBIT J 	Form of Borrower Designation
      Request and Assumption Agreement 
	EXHIBIT K 	Form of Borrower Designation Notice 
	EXHIBIT L 	Form of Subordinated
      Intercompany Note 

-vi- 

THIS CREDIT AGREEMENT, originally dated as of February 11, 2016, (as amended by the First
Amendment, dated as of October 7, 2016 and as further amended by the Second
Amendment, dated as of September 19, 2017), among SUNOPTA INC. (the
“Company” or “Canadian Parent Borrower”; as hereinafter further
defined), SUNOPTA FOODS, INC. (the “U.S. Parent Borrower”; as hereinafter
further defined), THE ORGANIC CORPORATION B.V. (the “Dutch Parent
Borrower”; as hereinafter further defined) and each of the other Borrowers
(as hereinafter defined) and Guarantors (as hereinafter defined) party hereto
from time to time, the Lenders party hereto from time to time, BANK OF AMERICA,
N.A., as Administrative Agent under the U.S. Subfacilityies (as hereinafter defined) (in such capacity, the
“U.S. Administrative Agent”; as hereinafter further defined), and as a
U.S. Issuing Bank and the U.S. Swingline Lender, BANK OF AMERICA, N.A. (ACTING
THROUGH ITS CANADA BRANCH), as Administrative Agent under the Canadian
Subfacility (in such capacity, the “Canadian Administrative Agent”; as
hereinafter further defined), and as a Canadian Issuing Bank and the Canadian
Swingline Lender, BANK OF AMERICA, N.A. (ACTING THROUGH ITS LONDON BRANCH), as
Administrative Agent under the Dutch Subfacility (in such capacity, the
“Dutch Administrative Agent”; as hereinafter further defined), and as a
Dutch Issuing Bank and the Dutch Swingline Lender, and BANK OF AMERICA, N.A, as
Collateral Agent (in such capacity, the “Collateral Agent”; as hereinafter
further defined). All capitalized terms used herein and defined in Section
1.01 are used herein as therein defined. 

W I T N E S S
E T H:

WHEREAS, (a) the Borrowers have
requested that the Lenders extend credit in the form of Revolving Loans in an
aggregate principal amount at any time outstanding not to exceed $350,000,000365,000,000, consisting of (i) a U.S. Tranche A Subfacility in an initial aggregate principal
amount of $260,000,000245,000,000 (the “U.S. Tranche A Subfacility”), (ii) a U.S. Tranche B Subfacility in an initial aggregate principal
amount of $15,000,000 (the “U.S. Tranche B Subfacility”), (iii) a
Canadian Subfacility in an initial aggregate principal amount of $15,000,000
(the “Canadian Subfacility”) and (iiiiv) a Dutch
Subfacility in an initial aggregate principal amount of $75,000,00090,000,000 (the “Dutch Subfacility”
and, together with the U.S. Tranche A Subfacility,
the and Canadianthe Canadian Subfacility, the “Ex-FILO Subfacilities” and the
Ex-FILO Subfacilities together with the U.S. Tranche B Subfacility,
the “Subfacilities”), (b) the Borrowers have requested that the Issuing
Banks issue Letters of Credit in an aggregate Stated Amount at any time
outstanding not to exceed (i) $50,000,000 under the U.S. Tranche A Subfacility, (ii) $15,000,000 under the
Canadian Subfacility and (iii) $20,000,000 under the Dutch Subfacility and (c)
the Borrowers have requested the Swingline Lenders to extend credit in the form
of Swingline Loans in an aggregate principal amount at any time outstanding not
to exceed (i) $30,000,000 under the U.S. Tranche A
Subfacility, (ii) $3,000,000
under the Canadian Subfacility and (iii) $10,000,000 under the Dutch
Subfacility.

NOW THEREFORE, the Lenders are
willing to extend such credit to the Borrowers, the Swingline Lenders are
willing to make Swingline Loans to the Borrowers and the Issuing Banks are
willing to issue Letters of Credit for the account of the Borrowers on the terms
and subject to the conditions set forth herein.

Section
1      Definitions and Accounting
Terms.

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

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

“Account Debtor Approved
Countries” shall mean the United States, Canada, the Netherlands, Germany,
France, Italy, Belgium, Luxembourg, Denmark, Ireland, United Kingdom, Spain,
Portugal, Austria, Finland, Sweden, Switzerland, Norway, Hong Kong, Singapore,
Australia, New Zealand and Japan. 

“Accounts” shall mean all
“accounts,” as such term is defined in the UCC (or, with respect to any Canadian
Credit Party, as defined in the PPSA), or, with respect to any Dutch Credit
Party, all vorderingen (as used in the Dutch Civil Code), in any such
case in which any Person now or hereafter has rights, including all rights to
payment for goods sold or leased or for services rendered. 

“ACH” shall mean automated
clearing house transfers.

“Acquired Entity or
Business” shall mean either (x) the assets constituting a business, division
or product line of any Person not already a Subsidiary of the Company or (y) the
Equity Interests of any Person, which Person shall, as a result of the
respective acquisition, become a Restricted Subsidiary of the Company (or shall
be merged, consolidated or amalgamated with and/or into the Company or a
Restricted Subsidiary of the Company). 

“Additional Account Security
Actions” shall mean (i) with respect to any Accounts originated by any
Borrower that are owed from Account Debtors located in the United Kingdom, such
originating Borrower shall have duly authorized, executed and delivered an
Assignment of Receivables governed by English law and covering all receivables
owed by Account Debtors located in the United Kingdom (or, if, on or prior to
the date of such Additional Account Security Action, the Administrative Agent
reasonably determines that, as a result of a change in any law that occurs after
the Closing Date or for any other reason, the execution and delivery of such
Assignment of Receivables, when taken together with the actions required by the
Collateral and Guarantee Requirement, would not be sufficient to provide a valid
and enforceable first priority (and perfected or equivalent) security interest
in such Accounts, such originating Borrower shall have duly authorized, executed
and delivered such documentation, and taken such other collateral security and
perfection actions, deemed reasonably necessary by the Administrative Agent,
when taken together with the actions required by the Collateral and Guarantee
Requirement, to provide a valid and enforceable first priority (and perfected or
equivalent) security interest in all Accounts originated by such Borrower that
are owed from Account Debtors located in the United Kingdom (including any
filings, notifications, registrations or other documentation deemed reasonably
necessary by the Administrative Agent)), (ii) with respect to any Accounts
originated by any Borrower that are owed from Account Debtors located in
Germany, such originating Borrower shall have duly authorized, executed and
delivered a Security Assignment of Receivables governed by German law covering
all receivables owed by Account Debtors located in Germany (or, if on or prior
to the date of such Additional Account Security Action, the Administrative Agent
reasonably determines that, as a result of a change in any law that occurs after
the Closing Date or for any other reason, the execution and delivery of such
Security Assignment of Receivables, when taken together with the actions
required by the Collateral and Guarantee Requirement, would not be sufficient to
provide a valid and enforceable first priority (and perfected or equivalent)
security interest in such Accounts, such originating Borrower shall have duly
authorized, executed and delivered such documentation, and taken such other
collateral security and perfection actions, deemed reasonably necessary by the
Administrative Agent, when taken together with the actions required by the
Collateral and Guarantee Requirement, to provide a valid and enforceable first
priority (and perfected or equivalent) security interest in all Accounts
originated by such Borrower that are owed from Account Debtors located in
Germany (including any filings, notifications, registrations or other
documentation deemed reasonably necessary by the Administrative Agent)), (iii)
with respect to any Accounts originated by any Borrower that are owed from
Account Debtors located in France, such originating Borrower shall have duly
authorized, executed and delivered a Pledge Over Receivables governed by French
law, covering all receivables owed by Account Debtors located in France (or, if
on or prior to the date of such Additional Account Security Action,
the Administrative Agent reasonably determines that, as a result of a change in
any law that occurs after the Closing Date or for any other reason, the
execution and delivery of such Pledge Over Receivables, when taken together with
the actions required by the Collateral and Guarantee Requirement, would not be
sufficient to provide a valid and enforceable first priority (and perfected or
equivalent) security interest in such Accounts, such originating Borrower shall
have duly authorized, executed and delivered such documentation, and taken such
other collateral security and perfection actions, deemed reasonably necessary by
the Administrative Agent, when taken together with the actions required by the
Collateral and Guarantee Requirement, to provide a valid and enforceable first
priority (and perfected or equivalent) security interest in all Accounts
originated by such Borrower that are owed from Account Debtors located in France
(including any filings, notifications, registrations or other documentation
deemed reasonably necessary by the Administrative Agent)) and (iv) with respect
to any Accounts originated by any Borrower that are owed from Account Debtors
located in any Account Debtor Approved Country (other than the United States,
Canada, the Netherlands, the United Kingdom, Germany or France), such
originating Borrower shall have duly authorized, executed and delivered such
documentation, and taken such other collateral security and perfection actions,
deemed reasonably necessary by the Administrative Agent, when taken together
with the actions required by the Collateral and Guarantee Requirement, to
provide a valid and enforceable first priority (and perfected or equivalent)
security interest in all Accounts originated by such Borrower that are owed from
Account Debtors located in such jurisdiction (including any filings,
notifications, registrations or other documentation deemed reasonably necessary
by the Administrative Agent); provided that no Credit Party shall be
required to cause its legal counsel to delivery an opinion with respect to any
document executed and delivered in connection with any Additional Account
Security Action at the time of execution and delivery of such document or at any
time thereafter. 

“Additional Inventory
  Security Actions” shall mean (i) with respect to any Inventory that is
  located in the United Kingdom and owned by a Dutch Borrower, all Dutch Borrowers
  owning Inventory located in the United Kingdom shall have duly authorized,
  executed and delivered a Floating Charge Over Inventory governed by English law
  and taken all actions required thereunder or under applicable law to perfect the
  lien created thereunder (or, if on or prior to the date of such Additional
  Inventory Security Action, the Administrative Agent reasonably determines that,
  as a result of a change in any law that occurs after the Closing Date or for any
  other reason, the execution and delivery of such Floating Charge Over Inventory,
  when taken together with the actions required by the Collateral and Guarantee
  Requirement, would not be sufficient to provide a valid and enforceable first
  priority (and perfected or equivalent) security interest in such Inventory, all
  Dutch Borrowers owning Inventory located in the United Kingdom shall have duly
  authorized, executed and delivered such documentation, and taken such other
  collateral security and perfection actions, deemed reasonably necessary by the
  Administrative Agent, when taken together with the actions required by the
  Collateral and Guarantee Requirement, to provide a valid and enforceable first
  priority (and perfected or equivalent) security interest in such Inventory
  (including any filings, notifications, registrations or other documentation
  deemed reasonably necessary by the Administrative Agent)), (ii) with respect to
  any Inventory that is located in Germany and owned by a Dutch Borrower, all
  Dutch Borrowers owning Inventory located in Germany shall have duly authorized,
  executed and delivered a Security Transfer Agreement governed by German Law that
  covers the location at which such Inventory resides and taken all actions
  required thereunder or under applicable law to perfect the lien created
  thereunder (or, if on or prior to the date of such Additional Inventory Security
  Action, the Administrative Agent reasonably determines that, as a result of a
  change in any law that occurs after the Closing Date or for any other reason,
  the execution and delivery of such Security Transfer Agreement, when taken
  together with the actions required by the Collateral and Guarantee Requirement,
  would not be sufficient to provide a valid and enforceable first priority (and
  perfected or equivalent) security interest in such Inventory, all Dutch
  Borrowers owning Inventory located in Germany shall have duly authorized,
  executed and delivered such documentation, and taken such other collateral
  security and perfection actions, deemed reasonably necessary by the
Administrative Agent, when taken together with the actions required by the Collateral
and Guarantee Requirement, to provide a valid and enforceable first priority
(and perfected or equivalent) security interest in such Inventory (including any
filings, notifications, registrations or other documentation deemed reasonably
necessary by the Administrative Agent)) and (iii) with respect to any Inventory
that is located in France and owned by a Dutch Borrower, all Dutch Borrowers
owning Inventory located in France shall have duly authorized, executed and
delivered a Pledge Over Inventory governed by French law and taken all actions
required thereunder or under applicable law to perfect the lien created
thereunder (or, if on or prior to the date of such Additional Inventory Security
Action, the Administrative Agent reasonably determines that, as a result of a
change in any law that occurs after the Closing Date or for any other reason,
the execution and delivery of such Pledge Over Inventory, when taken together
with the actions required by the Collateral and Guarantee Requirement, would not
be sufficient to provide a valid and enforceable first priority (and perfected
or equivalent) security interest in such Inventory, all Dutch Borrowers owning
Inventory located in France shall have duly authorized, executed and delivered
such documentation, and taken such other collateral security and perfection
actions, deemed reasonably necessary by the Administrative Agent, when taken
together with the actions required by the Collateral and Guarantee Requirement,
to provide a valid and enforceable first priority (and perfected or equivalent)
security interest in such Inventory (including any filings, notifications,
registrations or other documentation deemed reasonably necessary by the
Administrative Agent)); provided that no Credit Party shall be required
to cause its legal counsel to delivery an opinion with respect to any document
executed and delivered in connection with any Additional Inventory Security
Action at the time of execution and delivery of such document or at any time
thereafter; (for the avoidance of any doubt, if any additional Person owning
Inventory located in the United Kingdom, France or Germany becomes a Dutch
Borrower under this Agreement at any time, after the date, if any, when the
Additional Inventory Security Actions have been satisfied in such jurisdiction,
the Additional Inventory Security Actions shall be deemed no longer satisfied
with respect to such jurisdiction until the date, if ever, upon which each such
additional Dutch Borrower has satisfied the applicable requirements of this
definition in such jurisdiction). 

“Additional Lenders” shall
have the meaning provided in Section 2.15(b). 

“Additional Mortgages”
shall have the meaning provided in Section 8.10(f).

“Adjustment Date” shall
mean the first day of each of April, July, October and January, as applicable.

“Administrative Agent”
shall mean the U.S. Administrative Agent, the Canadian Administrative Agent
and/or the Dutch Administrative Agent, as the context may require, and shall
include any successor to any such Administrative Agent appointed pursuant to
Section 11.09; provided that in each instance in this Agreement or any
other Credit Document that provides for an Administrative Agent to exercise its
discretion (including the establishment or modification of Reserves or the
exercise of Permitted Discretion) or provides for an Administrative Agent to
provide any consent, determination or other judgment with regard to any action
or inaction under this Agreement or any other Credit Document, the referenced,
“Administrative Agent” shall mean the U.S. Administrative Agent. 

“Affiliate” of any
specified Person shall mean, any other Person directly or indirectly controlling
or controlled by or under direct or indirect common control with such specified
Person. For purposes of this definition, “control” (including, with
correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as used with respect to any Person, shall
mean the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of such Person, whether through the
ownership of voting securities, by contract or otherwise; provided,
however, that neither the Administrative Agent nor any Lender (nor any
Affiliate thereof) shall be considered an Affiliate of the Company or any Subsidiary thereof as a result
of this Agreement, the extensions of credit hereunder or its actions in
connection therewith. 

“Affiliate Transaction”
shall have the meaning provided in Section 9.06.

“Agent-Related Persons”
shall mean the Administrative Agents, the Collateral Agent, their respective
Affiliates and the officers, directors, employees, agents and attorneys-in-fact
of the Administrative Agents, the Collateral Agent and their respective
Affiliates. 

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

“Agreement” shall mean
this Credit Agreement.

“Agreement Currency” shall
have the meaning provided in Section 12.20.

“Alternative Currency”
shall mean Canadian Dollars, Euros, Sterling, Swiss Francs and any other
currency (other than Dollars) that is approved in accordance with Section
1.08. 

“Alternative Currency
Equivalent” shall mean, at any time, with respect to any amount denominated
in Dollars, the equivalent amount thereof in the applicable Alternative Currency
as determined by the Administrative Agent or the applicable Issuing Bank, as the
case may be, at such time on the basis of the Spot Rate (determined in respect
of the most recent Revaluation Date) for the purchase of such Alternative
Currency with Dollars. 

“AML Legislation” shall
have the meaning provided in Section 12.17.

“Amort Cap” shall have the
meaning provided in the definition of the term “Amortization Reserve”. 

“Amortization Reserve”
shall mean any Reserve established or modified by the Administrative Agent in
its Permitted Discretion in accordance with the provisions of Section
2.22 in the event that any Junior Debt instrument has an amortization
schedule that requires annual principal payments exceeding 5.0% of the total
principal amount of such Junior Debt (the “Amort Cap”) prior to the date
that is 91 days after the Maturity Date, (it being understood that such Reserve
shall be established with respect to amortization payments in excess of the
Amort Cap against the assets included in the Borrowing Base on the date that is
91 days prior to each scheduled date of such Junior Debt amortization payments).

“Anti-Terrorism Laws”
shall mean any Requirement of Law relating to terrorism or money laundering,
including the PATRIOT Act, the Criminal Code R.S.C. 1985, c. c-46, as amended,
AML Legislation, the United Nations Act, R.S.C. 1985 c. u-2, as amended,
Regulations Implementing the United Nations Resolutions on the Suppression of
Terrorism and the United Nations al-Qaida and Taliban Regulations promulgated
under the United Nations Act, the PCMLTFA, the Canadian Sanction Laws and
DMLTFPA.

“Applicable Margin” shall
mean the per annum percentage set forth below, as determined by the Average
Availability as of the most recent Adjustment Date: 

	 	 	 	 	U.S. Tranche
      A 
	 	 	 	U.S. Tranche
      A 	Revolving
      Eurocurrency 
	 	 	 	Revolving
      Base Rate 	Rate Loans, B/A 
	 	 	Average Availability 	Loans, Canadian Base 	Equivalent Loans and 
	 	 	(percentage of Line 	Rate Loans and Canadian 	European Base Rate 
	 	Level 	Cap) 	Prime Loans 	Loans 
	 	I 	> 67% 	0.25% 	1.25% 
	 	II 	> 33% < 67% 	0.50% 	1.50% 
	 	III 	< 33% 	0.75% 	1.75% 

Until completion of the first
full fiscal quarter after the Closing Date, the Applicable Margin shall be
determined as if Level II were applicable. Thereafter, the Applicable Margin
shall be subject to increase or decrease on each Adjustment Date based on
Average Availability, as determined by the Administrative Agent’s system of
record, and each such increase or decrease in the Applicable Margin shall be
effective on the Adjustment Date occurring immediately after the last day of the
fiscal quarter most recently ended. If (i) the Borrowers fail to deliver any
Borrowing Base Certificate on or before the date required for delivery thereof
or (ii) any Event of Default is continuing, then the Applicable Margin shall be
determined as if Level III were applicable, from the first day of the calendar
month following the date such Borrowing Base Certificate was required to be
delivered or from the date such Event of Default occurred, as applicable, until
two Business Days after the date of delivery of such Borrowing Base Certificate
or when such Event of Default is no longer continuing.
Notwithstanding the foregoing, the Applicable Margin for any U.S. Base Rate
Loans or Eurocurrency Loans which is a U.S. Tranche B Revolving Loan shall be
the Applicable Margin as determined in this definition plus 1.75%.

“Appraisal” shall mean an
appraisal, prepared on a basis reasonably satisfactory to the Administrative
Agent (and, in the case of any appraisal of Real Property located in the United
States, the U.S. Tranche A Revolving Lenders
and in the case of any appraisal of Real Property located in Canada, the
Canadian Revolving Lenders; provided that any such Lenders shall be
deemed satisfied with such appraisals if no objection is made within ten (10)
Business Days of delivery to such Lender), setting forth the Net Orderly
Liquidation Value percentage of any Inventory or Equipment, or the Fair Market
Value of any Real Property (as the case may be), which appraisal shall be
prepared in accordance with this Agreement by an appraiser selected by the
Administrative Agent in its reasonable discretion. 

“Approved Fund” shall mean
any Person (other than a natural Person) engaged in making and holding revolving
commitments of the type and under credit facilities similar to the credit
facilities contemplated by this Agreement (including in one or more of the
jurisdictions of organization of the Borrowers) in its ordinary course of
business and consistent with its past practices that is administered or managed
by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate
of an entity that administers or manages a Lender. 

“Asset Sale” shall mean
(a) the sale, conveyance, transfer or other disposition, whether in a single
transaction or a series of related transactions (including by way of a
Sale-Leaseback Transaction), of property or assets of the Company or any of the
Restricted Subsidiaries (each referred to in this definition as a
“disposition”) or (b) the issuance or sale of Equity Interests of any
Restricted Subsidiary (other than any issuance or sale
of Preferred Stock of Restricted Subsidiaries issued in compliance withnot prohibited by Section 9.04 hereof), whether
in a single transaction or a series of related transactions, in each case other
than:

 (i)          any
disposition of Investment Cash Equivalents or Investment Grade Securities or
surplus, damaged, obsolete or worn-out assets in the ordinary course of business
(including the abandonment or other disposition of intellectual property that
is, in the reasonable judgment of the Company, no longer economically
practicable or commercially reasonable to maintain or useful in any material
respect, taken as a whole, in the conduct of the business of the Company and the
Restricted Subsidiaries taken as a whole) or any disposition of inventory,
services, accounts receivable, notes receivable or goods (or other assets) in
the ordinary course of business or any disposition of Collateral or the discount
or forgiveness of accounts receivable or the conversion of accounts receivable
to notes receivable in the ordinary course of business in connection with the
collection or compromise thereof, but in any event excluding Eligible Fee-Owned
Real Estate and Eligible Equipment (to the extent any such Real Property or
Equipment is at such time included in the Borrowing Base as Eligible Fee-Owned
Real Estate and Eligible Equipment); 

 (ii)          the
disposition of all or substantially all of the assets of the Company in a manner
permitted pursuant to Section 9.11 hereof or any disposition that
constitutes a Change of Control pursuant to this Agreement; 

 (iii)          the
making of any Restricted Payment that is permitted to be made, and is made,
under Section 9.03 hereof, including the making of any Permitted
Investments; 

 (iv)         any
disposition of assets or issuance or sale of Equity Interests of any Restricted
Subsidiary in any transaction or series of related transactions with an
aggregate Fair Market Value of less than $5,000,000; 

 (v)          any
disposition of property or assets (including by way of liquidation or
dissolution) or issuance or sale of securities by a Restricted Subsidiary of the
Company to the Company or by the Company or a Restricted Subsidiary of the
Company to another Restricted Subsidiary of the Company, provided that,
with respect to any disposition of property or assets or issuance or sale of
securities by a Credit Party to a Restricted Subsidiary of the Company that is
not a Credit Party (1) the portion (if any) of any such sale, disposition or
contribution of property made for less than Fair Market Value and (2) any
noncash consideration received in exchange for any such sale, disposition or
contribution of property, shall in each case constitute an Investment in such
Restricted Subsidiary that must be permitted by Section 9.05; 

 (vi)         any
issuance or sale of Equity Interests in, or Indebtedness or other securities of,
an Unrestricted Subsidiary; 

 (vii)        foreclosures,
condemnation, casualty, expropriation, forced disposition or any similar action
with respect to assets or the granting of Liens not prohibited by this
Agreement; 

 (viii)       any
financing transaction with respect to property (other than Real Property or
Equipment that is at such time included in the Borrowing Base as Eligible
Fee-Owned Real Estate and Eligible Equipment) built or acquired by the Company
or any Restricted Subsidiary after the Closing Date, including Sale-Leaseback
Transactions; 

 (ix)         the
sale, transfer or other disposition or unwinding of any Hedging Obligations;

 (x)          the
abandonment of intellectual property rights in the ordinary course of business,
which in the reasonable good faith determination of the Company are not material
to the conduct of the business of the Company and the Restricted Subsidiaries
taken as a whole; 

 (xi)          the
issuance by a Restricted Subsidiary of Preferred Stock or Disqualified Stock
that is permitted by Section 9.04 hereof; 

 (xii)         the
granting of any option or other right to purchase, lease or otherwise acquire
delinquent accounts receivable in the ordinary course of business; 

 (xiii)        the
lease, assignment, sub-lease, license or sub-license of any real or personal
property in the ordinary course of business; 

 (xiv)        any
surrender or waiver of contract rights or settlement, release, recovery on or
surrender of contract, tort or other claims in the ordinary course of business;

 (xv)         the
licensing and sub-licensing of intellectual property or other general
intangibles in the ordinary course of business or consistent with past practice;

 (xvi)        the
granting of Liens not prohibited by Section 9.01 hereof; 

 (xvii)       sales,
transfers and other dispositions of Investments in joint ventures to the extent
required by, or made pursuant to, customary buy/sell arrangements between the
joint venture parties set forth in joint venture arrangements and similar
binding arrangements; 

 (xviii)      the
issuance of directors’ qualifying shares and shares issued to foreign nationals
as required by applicable Requirement of Law; 

 (xix)         transfers
of property subject to Casualty Events upon receipt of the net cash proceeds of
such Casualty Event; provided that any Investment Cash Equivalents
received by the Company or any of the Restricted Subsidiaries in respect of such
Casualty Event shall be deemed to be net cash proceeds of an Asset Sale, and
such net cash proceeds shall be applied in accordance with Section 9.02
hereof; and 

 (xx)          the
Opta Minerals Disposition and the disposition of other assets specifically
identified by the Company on Schedule 9.02(xx). 

“Assignment and Assumption
Agreement” shall mean an Assignment and Assumption Agreement substantially
in the form of Exhibit H (appropriately completed) or such other form as
shall be reasonably acceptable to the Administrative Agent. 

“Availability Conditions” shall mean and be deemed
satisfied only if: 

 (a)          the
Dollar Equivalent of each Lender’s U.S. Tranche
A Revolving Exposure does not exceed such Lender’s U.S. Tranche A Revolving Commitment; 

 (b)      each Lender’s U.S. Tranche B Revolving Exposure does not exceed
such Lender’s U.S. Tranche B Revolving Commitment (for
the avoidance of doubt, the U.S. Tranche B Revolving Loans shall only
be made on the Second Amendment Effective Date, subject to the satisfaction of
the conditions set forth in Section 5 of the Second Amendment and no U.S.
Tranche B Revolving Loans shall be made after the Second Amendment Effective
Date); 

 (bc)        the Dollar Equivalent of each
Lender’s Canadian Revolving Exposure does not exceed such Lender’s Canadian
Revolving Commitment; 

 (cd)          the Dollar
Equivalent of each Lender’s Dutch Revolving Exposure does not exceed such
Lender’s Dutch Revolving Commitment;

 (de)          the aggregate
U.S. Tranche A Revolving Exposure does not
exceed the U.S. Tranche A Borrowing Base then
in effect; 

 (f)        
the aggregate U.S. Tranche B Revolving Exposure does not
exceed the U.S. Tranche B Borrowing Base then in effect; 

(eg) the aggregate Canadian Revolving Exposure does not
exceed the Canadian Borrowing Base then in effect; and 

 (fh)           the aggregate
Dutch Revolving Exposure does not exceed the Dutch Borrowing Base then in
effect.

“Available Equity Amount
Basket” shall mean, at any time (the “Available Equity Amount Reference
Time”), a cumulative amount equal to (without duplication in the case of
clauses (a) through (c)) (a) the net cash proceeds received from any new public
or private issuances of Equity Interests of the Company (or any Restricted
Subsidiary (in each case, other than Disqualified Stock) to the
extent such proceeds are contributed to the Company or
such Restricted Subsidiary as Qualified Equity Interests within the
30 days immediately preceding the Available Equity Amount Reference Time,
plus (b) the amount of all capital contributions to the Company or any Restricted Subsidiary made in Investment Cash
Equivalents (other than Disqualified Stock) and made within the 30 days
immediately preceding the Available Equity Amount Reference Time, plus
(c) the net cash proceeds received by the Company or any
Restricted Subsidiary from Indebtedness and Disqualified Stock
issuances that have been incurred after the Closing Date and which have been
exchanged or converted into Qualified Equity Interests within the 30 days
immediately preceding the Available Equity Amount Reference Time, minus
(d) the sum, without duplication, and, without taking into account the proposed
portion of the Available Equity Amount Basket calculated above to be used at the
applicable Available Equity Amount Reference Time, of: 

 (i)          the
aggregate amount of any Investments made by the Borrower or any Restricted
Subsidiary using the Available Equity Amount Basket after the Closing Date and
prior to the Available Equity Amount Reference Time; and 

 (ii)         the
aggregate amount of any Restricted Payments and Restricted Junior Debt
Prepayments made by the Borrower using the Available Equity Amount Basket after
the Closing Date and prior to the Available Equity Amount Reference Time. 

“Available Equity Amount
Reference Time” shall have the meaning provided in the definition of the
term “Available Equity Amount Basket”.

“Average Availability”
shall mean, at any Adjustment Date, the average daily Total Excess Availability
for the fiscal quarter period immediately preceding such Adjustment Date. 

“Average
Usage” shall mean, at any
Adjustment Date, the average daily aggregate Revolving Exposure for the
applicable Subfacility (excluding any Revolving Exposure resulting from any
outstanding Swingline Loans) for the fiscal quarter period immediately preceding
such Adjustment Date divided by the Revolving Commitments in respect of such
Subfacility at such time. 

“B/A Equivalent Loan”
shall mean a Canadian Revolving Loan (other than a Canadian Prime Loan), or
portion thereof, funded in Canadian Dollars and bearing interest calculated by
reference to the Canadian B/A Rate. 

“Bail-In Action” shall
mean the exercise of any Write-Down and Conversion Powers by the applicable EEA
Resolution Authority in respect of any liability of an EEA Financial
Institution. 

“Bail-In Legislation”
shall mean, with respect to any EEA Member Country implementing Article 55 of
Directive 2014/59/EU of the European Parliament and of the Council of the
European Union, the implementing Requirement of Law for such EEA Member Country.

“BANA” shall mean Bank of
America, N.A. and its permitted successors and permitted assigns.

“Bank of Canada Overnight
Rate” shall mean the Bank of Canada overnight rate, which is the rate of
interest charged by the Bank of Canada on one-day loans to financial
institutions, for such day. 

“Bank Product” shall mean
any of the following products, services or facilities extended to any Borrower
or any of Company’s Restricted Subsidiaries: (a) Cash Management Services; (b)
products under Hedging Agreements; (c) commercial credit card and merchant card
services; and (d) other banking products or services as may be requested by any
Borrower, other than Letters of Credit. 

“Bank Product Debt” shall
mean Indebtedness and other obligations (including Hedging Obligations and Cash
Management Obligations) of a Borrower or any of Company’s Restricted
Subsidiaries relating to Bank Products.

“Bankruptcy Code” shall
have the meaning provided in Section 10.05.

“Base Rate Loans” shall
mean Canadian Base Rate Loans, U.S. Base Rate Loans and/or European Base Rate
Loans, as the context may require. 

“BIA” shall mean the
Bankruptcy and Insolvency Act (Canada), as amended.

“Board of Directors” shall
mean, with respect to any Person, (i) in the case of any corporation, the board
of directors of such Person, (ii) in the case of any limited liability company,
the board of managers of such Person, (iii) in the case of any partnership, the
Board of Directors of the general partner of such Person and (iv) in any other
case, the functional equivalent of the foregoing. 

“Borrower Designation
Notice” shall have the meaning provided in Section 2.21(a).

“Borrower Designation Request
and Assumption Agreement” shall have the meaning provided in Section
2.21(a). 

“Borrowers” shall mean the
U.S. Borrowers, the Canadian Borrowers and the Dutch Borrowers, as the context
requires. 

“Borrowing” shall mean the
borrowing of the same Type and Class of Revolving Loan by the Borrowers from all
the Lenders having Commitments on a given date (or resulting from a conversion
or conversions on such date), having in the case of Eurocurrency Rate Loans, the
same Interest Period and in the case of B/A Equivalent Loans, the same Contract
Period; provided that U.S. Base Rate Loans, European Base Rate Loans,
Canadian Base Rate and Canadian Prime Loans incurred pursuant to Section
3.01(b) shall be considered part of the related
Borrowing of Eurocurrency Rate Loans or B/A Equivalent Loans, as applicable. 

“Borrowing Base” shall
mean (a) with respect to the U.S. Tranche A
Revolving Commitment, the U.S. Tranche A
Borrowing Base, (b) with respect to the U.S. Tranche B
Revolving Commitment, the U.S. Tranche B Borrowing Base, (c) with
respect to the Canadian Revolving Commitment, the Canadian Borrowing Base,
(cd) with respect to the Dutch Revolving Commitment, the
Dutch Borrowing Base and (de) the sum of the U.S. Tranche A
Borrowing Base, the U.S. Tranche B Borrowing Base, the Canadian
Borrowing Base and the Dutch Borrowing Base, as the context may require. The
Borrowing Base or any component thereof at any time shall be determined by
reference to the most recent Borrowing Base Certificate delivered to the
Administrative Agent pursuant to Section 8.15(a). 

“Borrowing Base Cash
Equivalents” shall mean:

 (a)          Dollars,
Canadian Dollars, Euro, Pounds Sterling or yen; 

 (b)          securities
issued or directly and fully and unconditionally guaranteed or insured by the
U.S. government or Canada any agency or instrumentality thereof the securities
of which are unconditionally guaranteed as a full faith and credit obligation of
such government with maturities of 12 months or less from the date of
acquisition; 

 (c)          certificates
of deposit, time deposits and Eurodollar time deposits with maturities of 12
months or less from the date of acquisition, demand deposits, bankers’
acceptances with maturities not exceeding one year and overnight bank deposits,
in each case with any domestic or foreign commercial bank having capital and
surplus of not less than $250,000,000 in the case of U.S. banks and $100,000,000
million (or the U.S. dollar equivalent as of the date of determination) in the
case of non-U.S. banks; 

 (d)          investments
in fully collateralized repurchase agreements with a term of not more than 30
days for underlying securities of the types described in clauses (b) and (c)
entered into with any financial institution or recognized securities dealer
meeting the qualifications specified in clause (c) above; and 

 (e)          commercial
paper (i) maturing not more than 270 days after the date of purchase and (ii)
issued by a corporation (other than a Credit Party or any Affiliate of a Credit
Party) with a rating, at the time as of which any determination thereof is to be
made, of “P-1” or higher by Moody’s or “A-1” or higher by S&P (or equivalent
rating in the case of Borrowing Base Cash Equivalents held by a Foreign
Subsidiary of the Company) . 

“Borrowing Base
Certificate” shall mean a certificate of a Responsible Officer of the
Company in substantially in the form of Exhibit D or such other form as shall be
reasonably acceptable to the Administrative Agent. 

“Borrowing Base Reallocation
Notice” shall have the meaning provided in the definition of the term
“Canadian Borrowing Base”. 

“Borrowing Minimum” shall
mean (a) in the case of a Borrowing denominated in Dollars, $1,000,000, (b) in
the case of a Borrowing denominated in Canadian Dollars, C$1,000,000, (c) in the
case of a Borrowing denominated in Euro, €1,000,000, (d) in the case of a
Borrowing denominated in Sterling, £1,000,000, (e) in the case of a Borrowing
denominated in Swiss Francs, 1,000,000 Fr. and (f) in the case of a Borrowing denominated in any other Alternative Currency,
such amount as may be agreed by the applicable Administrative Agent and the
Company. 

“Borrowing Multiple” shall
  mean (a) in the case of a Borrowing denominated in Dollars, $500,000, (b) in the
  case of a Borrowing denominated in Canadian Dollars, C$500,000, (c) in the case
  of a Borrowing denominated in Euro, €500,000, (d) in the case of a Borrowing
  denominated in Sterling, £500,000, (e) in the case of a Borrowing denominated in
  Swiss Francs, 500,000 Fr. and (f) in the case of a Borrowing denominated in any
  other Alternative Currency, such amount as may be agreed by the applicable
Administrative Agent and the Company. 

“Business Day” shall mean
(i) for all purposes other than as covered by clause (ii) below, any day except
Saturday, Sunday and any day which shall be in New York City, Chicago, Toronto,
Ontario, Canada, London, England or Amsterdam, the Netherlands a legal holiday
or a day on which banking institutions are authorized or required by Requirement
of Law or other government action to close and (ii) with respect to all notices
and determinations in connection with, and payments of principal and interest
on, Eurocurrency Rate Loans, any day which is a Business Day described in clause
(i) above and which is also a day for trading by and between banks in the New
York or London interbank Eurodollar market. 

“Canadian Administrative
Agent” shall have the meaning provided in the preamble hereto and any
successor thereto appointed pursuant to Section 11.09. 

“Canadian B/A Rate” shall
mean, for any day, the rate of interest per annum equal to the average rate
applicable to Canadian Dollar bankers’ acceptances having an identical or
comparable term as the proposed B/A Equivalent Loan displayed and identified as
such on the display referred to as the “CDOR Page” (or any display substituted
therefor) of Reuters Monitor Money Rates Service as at approximately 10:00 a.m.
Local Time on such day (or, if such day is not a Business Day, as of 10:00 a.m.
Local Time on the immediately preceding Business Day); provided that if
such rate does not appear on the CDOR Page at such time on such date, the rate
for such date will be the average of the annual discount rate (rounded upward to
the nearest whole multiple of 1/100 of 1%) as of 10:00 a.m. Local Time on such
day at which two or more Canadian chartered banks listed on Schedule 1 of the
Bank Act (Canada), as selected by the Canadian Administrative Agent is
then offering to purchase Canadian Dollar bankers’ acceptances accepted by it
having such specified term (or a term as closely as possible comparable to such
specified term); and if the Canadian B/A Rate shall be
less than zero, such rate shall be deemed zero for purposes of this
Agreement. 

“Canadian Base Rate” shall
mean, for any day, the per annum rate of interest equal to the greatest of (a)
the rate of interest in effect for such day or so designated from time to time
by BANA(acting through its Canada branch) as its “base rate” for commercial
loans made by it in Dollars, such rate being a reference rate and not
necessarily representing the lowest or best rate being charged to any customer;
(b) the Federal Funds Rate for such day, plus 0.50% per annum; or (c) the
Eurocurrency Rate for a one-month interest period as determined on such day,
plus 1.00% . Any change in such rate announced by BANA (acting through its
Canada branch) shall take effect at the opening of business on the day specified
in the public announcement thereof. 

“Canadian Base Rate Loan”
shall mean a Canadian Revolving Loan denominated in U.S. Dollars that bears
interest based on the Canadian Base Rate. 

“Canadian Blocked Persons”
shall have the meaning provided in the definition of the term “Eligible Account
Debtor”. 

“Canadian Borrower” shall
mean the Canadian Parent Borrower and each Canadian Subsidiary of the Company
that executes a counterpart hereto and to any other applicable Credit Document
to become a Borrower, whether on the Closing Date or after the Closing Date in
accordance with Section 2.21. 

“Canadian Borrowing Base”
shall mean, at the time of any determination, an amount equal to the sum of the
Dollar Equivalent, without duplication, of

 (a)          (I)
85% of the aggregate Outstanding Balance of Eligible Canadian Accounts of the
Canadian Borrowers (other than Eligible Insured and Letter of Credit Backed
Accounts) at such time plus (II) 90% of the aggregate Outstanding Balance
of Eligible Insured and Letter of Credit Backed Accounts of the Canadian
Borrowers at such time; plus 

 (b)          the
lesser of (i) the lesser of 70% of the Cost or Fair Market Value of Eligible
Canadian Inventory at such time and (ii) 85% of the Net Orderly Liquidation
Value of Eligible Canadian Inventory at such time; plus  

 (c)            the lesser of
(x) 75% of the appraised Fair Market Value of Eligible Canadian Real Estate (the
“Canadian Real Estate Component”), plus 85% of the appraised Net
Orderly Liquidation Value of the Eligible Canadian Equipment (the “Canadian
Equipment Component”), and (y) $50,000,000 (taken together with amounts
included in the U.S. Tranche A Borrowing Base
pursuant to clause  (c)          thereof)
(the “Canadian Fixed Asset Amount”); provided that, commencing
with the Borrowing Base calculation delivered for June 30, 2016: (i) the
Canadian Real Estate Component shall be reduced quarterly based on a 15-year
straight-line depreciation schedule, (ii) the Canadian Equipment Component shall
be reduced quarterly based on a 7-year straight-line depreciation schedule and
(iii) the Canadian Fixed Asset Amount shall be reduced quarterly pursuant to the
depreciation schedule set forth as Schedule 1.01D hereto;
provided, further, that, if a Fixed Asset Reappraisal Event occurs
and the Company chooses to have the Canadian Borrowing Base calculated based on
the updated information set forth in the relevant Appraisals (and including only
(i) the Eligible Equipment so appraised and (ii) and Eligible Fee-Owned Real
Estate so appraised and subject to the environmental
assessments referred to in Section 8.02(d)), then, commencing with
the Borrowing Base calculation delivered immediately after the date of such
Fixed Asset Reappraisal Event until such time as a further additional Appraisal
and environmental assessment is completed, if
ever, on the applicable assets, the amortization of the Canadian Real Estate
Component and the Canadian Equipment Component shall be reset so that (i) the
Canadian Real Estate Component shall be reduced quarterly based on a 15-year
straight-line depreciation schedule commencing with the first full fiscal
quarter to occur after the date of any such Fixed Asset Reappraisal Event and
the Canadian Equipment Component shall be reduced quarterly based on a 7-year
straight-line depreciation schedule commencing with the first full fiscal
quarter to occur after the date of any such Fixed Asset Reappraisal Event and
(ii) the Canadian Fixed Asset Amount shall be reduced pursuant to an updated
depreciation schedule commencing with the first full fiscal quarter to occur
after the date of any such Fixed Asset Reappraisal Event of the type set forth
as Schedule 1.01D, which will reflect the then current mix of Eligible Canadian
Real Estate and Eligible Canadian Equipment; plus 

 (d)          100%
of the unrestricted Borrowing Base Cash Equivalents of the Canadian Borrowers
(to the extent held in segregated Deposit Accounts in Canada maintained with
BANA or any other Lender reasonably satisfactory to the Administrative Agent
and, in each case, subject to Deposit Account Control Agreements in favor of the
Collateral Agent) so long as, if such segregated Deposit Accounts are maintained
with Lenders other than BANA, the Canadian Administrative Agent receives daily reports of the cash
balances under such segregated Deposit Accounts reasonably acceptable to the
Administrative Agent; plus

 (e)          if
  requested by the Company to the Administrative Agent as noted in the then
  current Borrowing Base Certificate (any such included request, a “Borrowing
    Base Reallocation Notice”), a portion of the positive amount, if any, by
  which the Dutch Borrowing Base and/or the U.S. Tranche
    A Borrowing Base exceed the total Dutch Revolving Exposure and/or
  U.S. Tranche A Revolving Exposure of all
  Lenders on the date of such request, may be reallocated to the Canadian
  Borrowing Base; provided that a Borrowing Base Reallocation Notice may
  only be delivered once in any calendar month, and shall set forth the requested
  reallocation of available Borrowing Base among Subfacilities, and which
  reallocation shall become effective upon confirmation by the Administrative
  Agent that such reallocation would not cause the Revolving Exposure under any
  Subfacility to exceed the Borrowing Base for the applicable Subfacility, and
  which reallocation shall remain effective thereafter until such time, if any, as
  a new Borrowing Base Reallocation Notice is received and has become effective;
minus 

 (f)          the
portion of the Canadian Borrowing Base, if any, that is reallocated to the U.S.
Tranche A Borrowing Base and/or the Dutch
Borrowing Base pursuant to clause (e) of the definition of the term “U.S.
Tranche A Borrowing Base” and/or clause (c) of
the definition of the term “Dutch Borrowing Base,” respectively; minus

 (g)          any
Reserves established or modified from time to time by the Administrative Agent
in the exercise of its Permitted Discretion in accordance with the provisions of
Section 2.22; 

The Canadian Borrowing Base at any time shall be determined by
reference to the most recent Borrowing Base Certificate delivered to the
Administrative Agent pursuant to Section 8.15(a), adjusted as necessary
(pending the delivery of a new Borrowing Base Certificate) to reflect the impact
of any Significant Asset Sale or the acquisition of any assets in a Permitted
Acquisition or similar Investment (or any event or circumstance which, pursuant
to the eligibility rules set forth in the definitions of Eligible Account,
Eligible Equipment, Eligible Inventory, Eligible Insured and Letter of Credit
Backed Accounts or Eligible Fee-Owned Real Estate, renders any such Account,
Equipment, Inventory or Real Property eligible or ineligible for inclusion in
the Canadian Borrowing Base after delivery of the most recent Borrowing Base
Certificate). The Administrative Agent shall have the right (but no obligation)
to review the computations in any Borrowing Base Certificate and if such
computations have not been calculated in accordance with the terms of this
Agreement, the Administrative Agent shall have the right, in consultation with
the Company, to correct any such errors in such manner as it shall reasonably
determine and the Administrative Agent will notify the Company in writing
promptly after making any such correction. 

“Canadian Collateral”
shall mean all the “Collateral” (or equivalent term) as defined in each Canadian
Security Agreement and all other property (whether real, personal or otherwise)
with respect to which any security interests have been granted (or purported to
be granted) by any Canadian Credit Parties pursuant to any Canadian Security
Document. 

“Canadian Collection
Account” shall have the meaning provided in Section 8.15(c)(iii).

“Canadian Credit Party”
shall mean the Canadian Borrowers and each Canadian Subsidiary Guarantor. 

“Canadian Dilution
Reserve” shall mean, at any date, (i) the amount (stated in percentage
terms) by which the consolidated Dilution Ratio of Eligible Canadian Accounts
exceeds five percent (5%) multiplied by (ii) the Eligible Canadian Accounts on
such date. 

“Canadian Dollars” and
“C$” shall mean the lawful currency of Canada. 

“Canadian Dominion
Account” shall have the meaning provided in Section 8.15(c)(i).

“Canadian Employee Benefits
Legislation” shall mean the Pension Benefits Act (Ontario) and any
regulations promulgated thereunder, and any Canadian federal, provincial or
local counterparts or equivalents. 

“Canadian Equipment
Component” shall have the meaning provided in the definition of the term
“Canadian Borrowing Base”. 

“Canadian Fixed Asset
Amount” shall have the meaning provided in the definition of the term
“Canadian Borrowing Base”. 

“Canadian Issuing Bank”
shall mean, as the context may require, (a) BANA (acting through its Canada
branch) or any Affiliates or branches of BANA with respect to Canadian Letters
of Credit issued by it; (b) any other Lender that may become an Issuing Bank
pursuant to Sections 2.13(i) and 2.13(k), with respect to Canadian
Letters of Credit issued by such Lender; (c) with respect to any Existing Letter
of Credit set forth on Part A of Schedule 1.01B, the Lender which is the
issuer of such Existing Letter of Credit; or (d) collectively, all of the
foregoing. 

“Canadian LC Credit
Extension” shall mean, with respect to any Canadian Letter of Credit, the
issuance, amendment or renewal thereof or extension of the expiry date thereof,
or the increase of the Stated Amount thereof. 

“Canadian LC Disbursement”
shall mean a payment or disbursement made by a Canadian Issuing Bank pursuant to
a Canadian Letter of Credit. 

“Canadian LC Documents”
shall mean all documents, instruments and agreements delivered by a Canadian
Borrower or any other Person to a Canadian Issuing Bank or the Administrative
Agent in connection with any Canadian Letter of Credit. 

“Canadian LC Exposure”
shall mean at any time the sum of (a) the aggregate undrawn Stated Amount of all
outstanding Canadian Letters of Credit at such time plus (b) the
aggregate principal amount of all Canadian LC Disbursements that have not yet
been reimbursed at such time. The Canadian LC Exposure of any Revolving Lender
at any time shall mean its Pro Rata Percentage of the aggregate Canadian LC
Exposure at such time. 

“Canadian LC Obligations”
shall mean the sum (without duplication) of (a) all amounts owing by the
Canadian Borrowers in respect of any Canadian LC Disbursements (including any
bankers’ acceptances or other payment obligations arising therefrom) and (b) the
Stated Amount of all outstanding Canadian Letters of Credit. 

“Canadian LC Sublimit”
shall mean $15,000,000.

“Canadian Letter of
Credit” shall mean any letters of credit issued or to be issued by the
Canadian Issuing Bank under the Canadian Subfacility requested by a Canadian
Borrower, if any, pursuant to Section 2.13. 

“Canadian Line Cap” shall
mean, at any time, an amount that is equal to the lesser of (a) the Canadian
Revolving Commitments and (b) the Canadian Borrowing Base. 

“Canadian Parent Borrower”
shall have the meaning provided in the recitals hereto and shall include, any
successor thereto permitted under Section 9.11. 

“Canadian Pension Plan”
shall mean each pension, supplementary pension, retirement savings or other
retirement income plan or arrangement of any kind, registered or non-registered,
established, maintained or contributed to by the Company or another Canadian
Credit Party for its or any of its current or previous Affiliates’ Canadian
employees or former employees and includes for greater certainty “target
benefit” and “multi- employer pension plans” as defined in the Pension Benefits
Act (Ontario) and all Ontario Pension Plans but shall not include the Canada
Pension Plan (CPP) as maintained by the government of Canada or the Quebec
Pension Plan (QPP) as maintained by the government of Quebec or similar plan
maintained by any other province in Canada. 

“Canadian Prime Loan”
shall mean a Canadian Revolving Loan to the Canadian Borrowers denominated in
Canadian Dollars which bears interest at a rate based upon the Canadian Prime
Rate. 

“Canadian Prime Rate”
shall mean, on any date, the per annum rate of interest equal to the greatest of
(a) the rate of interest in effect for such day or so designated from time to
time by BANA (acting through its Canada branch) as its “prime rate” for
commercial loans made by it in Canada in Canadian Dollars, such rate being a
reference rate and not necessarily representing the lowest or best rate being
charged to any customer; (b) the Bank of Canada Overnight Rate for such day,
plus 0.50%; or (c) the Canadian B/A Rate for a one month interest period
as determined on such day plus 1.00% . Any change in such rate announced
by BANA (acting through its Canada branch) shall take effect at the opening of
business on the day specified in the public announcement thereof. 

“Canadian Priority
Payables” shall mean, at any time, with respect to the Canadian
Borrowing Base:

 (a)          the
  amount due on or prior to the date as of which the Canadian Borrowing Base is to
  be determined and remaining unpaid at the time of determination by any Canadian
  Borrower (or any other Person for which any Canadian Borrower has joint and
  several liability), for which each Canadian Borrower has an obligation to remit
  to a Governmental Authority or other Person pursuant to any applicable
  Requirement of Law, in respect of (i) pension fund obligations including wind-up
  deficiencies on any wind-up or termination of any Ontario Pension Plan and
  employee and employer pension plan contributions (including “normal cost,”
  “special payments” and any other payments in respect of any funding deficiency
  or shortfall), (ii) employment insurance, (iii) goods and services taxes, sales
  taxes, employee income taxes, excise tax and other taxes payable or to be
  remitted or withheld, (iv) workers’ compensation, (v) wages, salaries,
  commission or compensation, including vacation pay, and (vi) other like charges
  and demands; in each case in respect of which any Governmental Authority or
  other Person may claim a security interest, hypothecation, prior claim, trust or
  other claim or Lien ranking or capable of ranking in priority to or equal in
  priority with one or more of the Liens granted pursuant to the Security
Documents (a “Priority Lien”); and 

 (b)          the
aggregate amount due on or prior to the date as of which the Canadian Borrowing
Base is to be determined and remaining unpaid at the time of determination of
any other liabilities of the Canadian Borrowers (or any other Person for which
the Canadian Borrowers have joint and several liability) (i) in respect of which
a trust has been or may be imposed on Collateral of any Canadian Borrower to
provide for payment or (ii) which are secured by a security interest,
hypothecation, prior claim, pledge, charge, right, or claim or other Lien on any
Collateral of any Canadian Borrower, in each case pursuant to any applicable
Requirement of Law and which trust, security interest, hypothecation, prior
claim, pledge, charge, right, claim or other Lien ranks or is capable of ranking
in priority to or equal in priority with one or more of the Liens granted in the
Security Documents.

“Canadian Priority Payables
Reserve” shall mean, on any date of determination for the Canadian Borrowing
Base, a reserve established from time to time by the Administrative Agent in its
Permitted Discretion in an amount up to, but not in excess of, the amount of
Canadian Priority Payables set forth on the most recent Borrowing Base
Certificate (as the same may be reduced or increased by the next succeeding
Borrowing Base Certificate) delivered to the Administrative Agent pursuant to
Section 8.15(a). 

“Canadian Protective
Advances” shall have the meaning provided in Section 2.18.

“Canadian Real Estate
Component” shall have the meaning provided in the definition of the term
“Canadian Borrowing Base”. 

“Canadian Restricted
Subsidiary” shall mean any Canadian Subsidiary that is a Restricted
Subsidiary. 

“Canadian Revolving
Borrowing” shall mean a Borrowing comprised of Canadian Revolving Loans.

“Canadian Revolving
  Commitment” shall mean, with respect to each Canadian Revolving Lender, the
  commitment, if any, of such Lender to make Canadian Revolving Loans hereunder up
  to the amount set forth and opposite such Lender’s name on Schedule 2.01
  under the caption “Canadian Revolving Commitment,” or in the Assignment and
  Assumption Agreement pursuant to which such Lender assumed its Canadian
  Revolving Commitment, as applicable, as the same may be (a) reduced from time to
  time pursuant to Section 2.07, (b) reduced or increased from time to time
  pursuant to Section 2.20 and (c) reduced or increased from time to time
  pursuant to assignments by or to such Lender pursuant to Section 12.04.
  The aggregate amount of the Canadian Revolving Lenders’ Canadian Revolving
Commitments on the ClosingSecond Amendment Effective Date is $15,000,000. 

“Canadian Revolving
Exposure” shall mean, with respect to any Canadian Revolving Lender at any
time, the aggregate principal amount at such time of all outstanding Canadian
Revolving Loans of such Lender, plus the aggregate amount at such time of such
Lender’s Canadian LC Exposure, plus the aggregate amount of such Lender’s
Canadian Swingline Exposure. 

“Canadian Revolving
Lender” shall mean any Lender under the Canadian Subfacility. Each Canadian
Revolving Lender (or any Affiliate or branch of any such Lender that is acting
on behalf of such Lender) that is not resident in Canada or is deemed not to be
resident in Canada for purposes of the ITA, shall be a financial institution
that deals at arm’s length with the Canadian Borrowers for purposes of the ITA.

“Canadian Revolving Loans”
shall mean advances made to or at the instructions of a Canadian Borrower
pursuant to Section 2.01(ii) hereof under the Canadian Subfacility. 

“Canadian Revolving Note”
shall mean each revolving note substantially in the form of Exhibit B-2
hereto. 

“Canadian Sanction Laws”
shall mean the Special Economic Measures Act of Canada and similar Requirements
of Law of Canada in respect to sanctioned persons.

“Canadian Security
Agreements” shall mean, each of (i) the Canadian Security Agreement dated as
of the Closing Date, by and between the Collateral Agent and each of the
Canadian Credit Parties and (ii) the Deed of Hypothec governed by the laws of
the province of Quebec, dated on or after the Closing Date, by and between the
Collateral Agent and Tradin Organics USA LLC (the “Quebec Hypothec”).

“Canadian Security
Documents” shall mean each Canadian Security Agreement and, after the
execution and delivery thereof, each Mortgage executed and delivered by any
Canadian Credit Party with respect to any Real Property of such Canadian Credit
Party and each other document executed and delivered by any Canadian Credit
Party pursuant to which a Lien is granted (or purported to be granted) in favor
of the Collateral Agent to secure the Obligations, and each document, if any,
executed and delivered by any Canadian Credit Party pursuant to the Additional
Account Security Actions. 

“Canadian Subfacility”
shall have the meaning provided in the recitals hereto.

“Canadian Subsidiary”
shall mean any Subsidiary of the Company organized now or hereinafter under the
laws of Canada or a province or territory thereof. 

“Canadian Subsidiary
Guarantor” shall mean each Canadian Restricted Subsidiary (other than the
Canadian Borrowers) in existence on the Closing Date (other than any Excluded
Subsidiary), as well as each Canadian Restricted Subsidiary established, created
or acquired after the Closing Date which becomes a party to this Agreement as a
Guarantor in accordance with the Collateral and Guarantee Requirement. 

“Canadian Swingline
Commitment” shall mean the commitment of the Canadian Swingline Lender to
make loans under the Canadian Subfacility pursuant to Section 2.12, as the same
may be reduced from time to time pursuant to Section 2.07. 

“Canadian Swingline
Exposure” shall mean, at any time, the aggregate principal amount at such
time of all outstanding Canadian Swingline Loans. The Canadian Swingline
Exposure of any Canadian Revolving Lender at any time shall equal its Pro Rata
Percentage of the aggregate Canadian Swingline Exposure at such time. 

“Canadian Swingline
Lender” shall mean BANA (acting through its Canada branch) and its permitted
successors and permitted assigns. 

“Canadian Swingline Loan”
shall mean any Loan made by the Canadian Swingline Lender pursuant to Section
2.12. 

“Canadian Swingline Note”
shall mean each swingline note substantially in the form of Exhibit B-5
hereto. 

“Capital Expenditures”
shall mean, for any period, the aggregate of, without duplication, (a) all
expenditures (whether paid in cash or accrued as liabilities) by the Company and
its Restricted Subsidiaries during such period that, in conformity with GAAP,
are or are required to be included as additions during such period to property,
plant or equipment reflected in the consolidated balance sheet of the Company
and its Restricted Subsidiaries, (b) all Capitalized Software Expenditures and
Capitalized Research and Development Costs during such period and (c) all fixed
asset additions financed through Capitalized Lease Obligations incurred by the
Company and its Restricted Subsidiaries and recorded on the balance sheet in
accordance with GAAP during such period; provided that the term “Capital
Expenditures” shall not include, without duplication: 

 (i)          expenditures
made in connection with the replacement, substitution, restoration or repair of
assets to the extent financed from insurance proceeds or compensation awards
paid on account of a Casualty Event, 

 (ii)         the
purchase price of equipment that is purchased simultaneously with the trade in
of existing equipment to the extent that the gross amount of such purchase price
is reduced by the credit granted by the seller of such equipment for the
equipment being traded in at such time, 

 (iii)        the
purchase of property, plant or equipment to the extent financed with the
proceeds of Asset Sales or other dispositions outside the ordinary course of
business, 

 (iv)        rental
expenses of the Company and its Restricted Subsidiaries under operating leases
for real or personal property (including in connection with Sale-Leaseback
Transactions), 

 (v)         expenditures
that are accounted for as capital expenditures by the Company or any Restricted
Subsidiary and that actually are paid for, or reimbursed, by a Person other than
the Company or any Restricted Subsidiary and for which neither the Company nor
any Restricted Subsidiary has provided or is required to provide or incur,
directly or indirectly, any consideration or obligation to such Person or any
other Person (whether before, during or after such period, it being understood,
however, that only the amount of expenditures actually provided or incurred by
the Company or any Restricted Subsidiary in such period and not the amount
required to be provided or incurred in any future period shall constitute
“Capital Expenditures” in the applicable period), 

 (vi)        the
book value of any asset owned by the Company or any Restricted Subsidiary prior
to or during such period to the extent that such book value is included as a
capital expenditure during such period as a result of such Person reusing or
beginning to reuse such asset during such period without a corresponding
expenditure actually having been made in such period; provided that (x)
any expenditure necessary in order to permit such asset to be reused shall be
included as a Capital Expenditure during the period in which such expenditure
actually is made and (y) such book value shall have been included in Capital
Expenditures when such asset was originally acquired, 

 (vii)       any
expenditures made as payments of the consideration for a Permitted Acquisition
(or Investments similar to those made for a Permitted Acquisition) and any
amounts recorded pursuant to purchase accounting required under GAAP pertaining
to Permitted Acquisitions (or Investments similar to those made for a Permitted
Acquisition), 

 (viii)      any
capitalized interest expense and internal costs reflected as additions to
property, plant or equipment in the consolidated balance sheet of the Company
and its Restricted Subsidiaries or capitalized as Capitalized Software
Expenditures and Capitalized Research and Development Costs for such period, or

 (ix)          any
  non-cash compensation or other non-cash costs reflected as additions to
  property, plant and equipment, Capitalized Software Expenditures and Capitalized
  Research and Development Costs in the consolidated balance sheet of the Company
and its Restricted Subsidiaries. 

“Capital Stock” shall mean:

 (a)          in
the case of a corporation, corporate stock;

 (b)          in
the case of an association or business entity, any and all shares, interests,
participations, rights or other equivalents (however designated) of corporate
stock; 

 (c)          in
the case of a partnership or limited liability company, partnership or
membership interests (whether general or limited); and 

 (d)          any
other interest or participation that confers on a Person the right to receive a
share of the profits and losses of, or distributions of assets of, the issuing
Person but excluding from all of the foregoing any debt securities convertible
into Capital Stock, whether or not such debt securities include any right of
participation with Capital Stock. 

“Capitalized Lease
Obligation” shall mean, at the time any determination thereof is to be made,
the amount of the liability in respect of a capital lease that would at such
time be required to be capitalized and reflected as a liability on a balance
sheet (excluding the footnotes thereto) prepared in accordance with GAAP;
provided, however, that any obligations relating to a lease that
was accounted for by the Company as an operating lease as of the Closing Date
and any similar lease entered into after the Closing Date shall be accounted for
as an operating lease and not a Capitalized Lease Obligation for all purposes
under this Agreement. 

“Capitalized Research and
Development Costs” shall mean, for any period, all research and development
costs that are, or are required to be, in accordance with GAAP, reflected as
capitalized costs on the consolidated balance sheet of the Company and its
Restricted Subsidiaries. 

“Capitalized Software
Expenditures” shall mean, for any period, the aggregate of all expenditures
(whether paid in cash or accrued as liabilities) by the Company and its
Restricted Subsidiaries during such period in respect of purchased software or
internally developed software and software enhancements that, in conformity with
GAAP, are or are required to be reflected as capitalized costs on the
consolidated balance sheet of the Company and the Restricted Subsidiaries. 

“Cash Collateralize” shall
mean to pledge and deposit with or deliver to the applicable Administrative
Agent for deposit into the LC Collateral Account, for the benefit of the
applicable Administrative Agent, the applicable Issuing Banks and/or the
applicable Swingline Lenders (as applicable) and the Lenders under the
applicable Ex-FILO Subfacility, cash as
collateral for the LC Exposure, Obligations in respect of Swingline Loans, or
obligations of Lenders to fund participations in respect of either thereof (as
the context may require), in each case under the applicable Ex-FILO Subfacility, in accordance with Section
2.13(j). “Cash Collateral” shall have a meaning correlative to the
foregoing and shall include the proceeds of such cash collateral and other
credit support. 

“Cash Dominion Period”
shall mean (a) each period beginning on a date when Total Excess Availability
shall have been less than the greater of (i) 10% of the Line Cap and (ii)
$20,000,000, in either case for five consecutive Business Days, and ending on
such date as Total Excess Availability shall have been at least equal to the
greater of (i) 10% of the Line Cap and (ii) $20,000,000 for a period of 30
consecutive calendar days or (b) upon the occurrence of an Event of Default, the
period that such Event of Default shall be continuing. 

“Cash Management
Agreement” shall mean any agreement entered into from time to time by the
Company or any of the Company’s Restricted Subsidiaries in connection with cash
management services for collections, other Cash Management Services and for
operating, payroll and trust accounts of such Person, including automatic
clearing house services, controlled disbursement services, electronic funds
transfer services, information reporting services, lockbox services, stop
payment services and wire transfer services.

“Cash Management Bank”
shall mean any Lender, any Agent or any Affiliate of the foregoing at the time
it provides any Cash Management Services or any Person that shall have become a
Lender, an Agent or an Affiliate of a Lender or an Agent at any time after it
has provided any Cash Management Services (including if such Cash Management
Services were provided on the Closing Date, the Closing Date). 

“Cash Management
Obligations” shall mean obligations owed by the Company or any Restricted
Subsidiary to any Cash Management Bank in respect of Cash Management Services.

“Cash Management Services”
shall mean (a) commercial credit cards, merchant card services, purchase or
debit cards, including non-card e-payables services, (b) treasury management
services (including controlled disbursement, overdraft ACH fund transfer
services, return items and interstate depository network services) and (c) any
other demand deposit or operating account relationships or other cash management
services, including any Cash Management Agreements. 

“Casualty Event” shall
mean any event that gives rise to the receipt by the Company or any Restricted
Subsidiary of any insurance proceeds or condemnation awards in respect of any
equipment, fixed assets or real property (including any improvements thereon) to
replace or repair such equipment, fixed assets or real property. 

“CCAA” shall mean the
Companies’ Creditors Arrangement Act (Canada), as amended. 

“CDOR” shall have the
meaning provided in the definition of the term “Eurocurrency Rate”.

“CERCLA” shall mean the
Comprehensive Environmental Response, Compensation, and Liability Act of 1980,
as the same has been amended and may hereafter be amended from time to time, 42
U.S.C. § 9601 et seq. 

“CFC” shall mean a
“controlled foreign corporation” within the meaning of Section 957 of the Code
that is a direct or indirect Subsidiary of the U.S. Parent Borrower. 

“Change of Control” shall
mean the occurrence of any of the following after the Closing Date: 

 (a)          the
sale, lease, transfer, conveyance or other disposition, in one or a series of
related transactions (other than by merger, consolidation or amalgamation), of
all or substantially all of the assets of the Company and its Subsidiaries,
taken as a whole, to any Person other than a Credit Party; 

 (b)          the
Company becomes aware of (by way of a report or any other filing pursuant to
Section 13(d) of the Exchange Act, proxy, vote, written notice or otherwise) the
acquisition by any Person or group (within the meaning of Section 13(d)(3) or
Section 14(d)(2) of the Exchange Act, or any successor provision), including any
group acting for the purpose of acquiring, holding or disposing of securities
(within the meaning of Rule 13d-5(b)(1) under the Exchange Act), in a single
transaction or in a related series of transactions, by way of merger,
amalgamation, consolidation or other business combination or purchase of
beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act,
or any successor provision) of more than 50% of the total voting power of the
Voting Stock of the Company; or 

(c)           the Company ceasing to own 100% of the total voting power of the
Voting Stock of the U.S. Parent Borrower;
or

 (cd)        either the U.S. Parent
Borrower or the
Dutch Parent Borrower ceasing to be a Wholly-Owned Subsidiary of the Company.

Notwithstanding the preceding, a conversion of the Company or
any of the Restricted Subsidiaries from a limited partnership, corporation,
limited liability company or other form of entity to a limited partnership,
corporation, limited liability company or other form of entity or an exchange of
all of the outstanding Equity Interests in one form of entity for Equity
Interests for another form of entity shall not constitute a Change of Control,
so long as following such conversion or exchange the “persons” (as that term is
used in Section 13(d)(3) of the Exchange Act) who beneficially owned the Capital
Stock of the Company immediately prior to such transactions continue to
beneficially own in the aggregate more than 50% of the Voting Stock of such
entity and no “person,” beneficially owns more than 50% of the Voting Stock of
such entity. 

“Class” (a) when used with
respect to Lenders, shall refer to whether such Lender has a Loan, Protective
Advances or Commitment with respect to the U.S. Tranche A
Subfacility, the U.S. Tranche B Subfacility, the Canadian
Subfacility, the Dutch Subfacility or an Incremental
FILO Facility, as applicable, (b) when used with respect to
Commitments, refers to whether such Commitments are U.S. Tranche A Revolving Commitments, U.S. Tranche B
Revolving Commitments, Canadian Revolving Commitments, Dutch Revolving
Commitments, Extended Revolving Commitments under a particular Subfacility
or Commitments under any Incremental FILO Facility
and (c) when used with respect to Loans or a Borrowing, refers
to whether such Loans, or the Loans comprising such Borrowing, are Loans under
the U.S. Tranche A Subfacility, Loans under the U.S.
Tranche B Subfacility, Loans under the Canadian Subfacility, Loans
under the Dutch Subfacility, Extended Revolving Loans under a particular
Subfacility, Loans under an Incremental FILO
Facility or Protective Advances under the U.S. Tranche A Subfacility, U.S. Tranche B Subfacility, the
Canadian Subfacility or the Dutch Subfacility. 

“Closing Date” shall mean
February 11, 2016.

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

“Collateral” shall mean
(i) the “Collateral” as defined in the Security Agreements, (ii) all the
“Collateral” or “Pledged Assets” (or similar term) as defined in any other
Security Documents, (iii) Mortgaged Property and (iv) any other assets pledged
or in which a Lien is granted (or purported to be granted), in each case,
pursuant to any Security Document or is required to be granted in accordance
with the Collateral and Guarantee Requirement. 

“Collateral Access
Agreement” shall mean any landlord waiver, bailee letter or other agreement,
in form and substance reasonably satisfactory to the Administrative Agent,
between the Collateral Agent and any third party (including any landlord, bailee, consignee,
customs broker or other similar Person) in possession of any Collateral or any
landlord for any Real Property of any Borrower where any Collateral is located.

“Collateral Agent” shall
  mean BANA, as collateral agent, and shall include any permitted successors and
permitted assigns. 

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

 (a)          the
Collateral Agent shall have received each Security Document required to be
delivered on the Closing Date pursuant to Section 5.09 or, after the
Closing Date, pursuant to Section 8.10 or Section 8.11 at such
time required by such section to be delivered in each case, duly executed by
each Credit Party thereto; 

 (b)          all
Obligations shall have been unconditionally guaranteed (the “Guarantees”)
by (i) each Wholly-Owned Restricted Subsidiary of the Company that is a Domestic
Subsidiary, a Canadian Subsidiary, or a Dutch Subsidiary (other than in any such
case, any such Subsidiary that is (x) a Borrower or (y) an Excluded Subsidiary)
and (ii) each Borrower (provided that no Borrower shall provide a
Guarantee with respect to its own Obligations); 

 (c)          the
Obligations and the Guarantees shall have been secured pursuant to the Security
Agreements by a security interest in (i) all the Equity Interests of the
Borrowers (other than Equity Interests of the
Company and any non-Voting Stock of the U.S. Parent Borrower that is
not held directly by a Credit Party) and (ii) all Equity Interests
(other than Excluded Assets) held directly by any Borrower or any Subsidiary
Guarantor in any Subsidiary (and, in each case, the Collateral Agent shall have
received certificates or other instruments representing all such Equity
Interests (if any), together with undated stock powers or other instruments of
transfer with respect thereto endorsed in blank, if applicable); 

 (d)          except
to the extent otherwise provided hereunder or under any Security Document, the
Obligations and the Guarantees shall have been secured by a perfected security
interest in, and pledges on, substantially all tangible and intangible assets of
the Borrowers and each Subsidiary Guarantor (including, without limitation,
accounts receivable, inventory, equipment, investment property, Intellectual
Property, other general intangibles, owned (but not leased) real property and
proceeds of the foregoing), in each case, with the priority required by the
relevant Security Documents required by the Collateral and Guarantee Requirement
and any such security interests in the Collateral shall be subject to the terms
of the Intercreditor Agreement, to the extent applicable; provided that
security interests in Real Property shall be limited to the Mortgaged
Properties; 

 (e)          none
of the Collateral shall be subject to any Liens other than Liens permitted by
Section 9.01; 

 (f)          the
Collateral Agent shall have received (i) counterparts of a Mortgage with respect
to each Material Real Property required to be delivered pursuant to Section
5.15 (if applicable), Section 8.10 and Section 8.11 duly
executed and delivered by the record owner of such property and (ii) such other
Related Real Estate Documents with respect to each Material Real Property
required to be delivered pursuant to Section 5.15 (if applicable), Section
8.03, Section 8.10 and Section 8.11; provided that, for
Real Property that is designated as located in a Special Flood Hazard Area, if
after use of commercially reasonable efforts, the applicable Credit Party is
unable to obtain evidence of flood insurance that is reasonably acceptable to
the Administrative Agent or the U.S. Revolving Lenders required to
be delivered pursuant to Section 5.15, Section 8.03(b), Section 8.10 and Section
8.11, then no Mortgage or Related Real Estate Documents shall be required to be
delivered with respect to such Real Property for which the evidence of flood
insurance was not acceptable to the Administrative Agent or the U.S. Revolving
Lenders; and 

 (g)          (i)
  except with respect to intercompany Indebtedness, if any, if Indebtedness for
  borrowed money in a principal amount in excess of $2,500,000 (individually) is
  owing to any Credit Party and such Indebtedness is evidenced by a promissory
  note, the Collateral Agent shall have received such promissory note, together
  with undated instruments of transfer with respect thereto endorsed in blank and
  (ii) with respect to intercompany Indebtedness, all Indebtedness of the Company
  and each of its Restricted Subsidiaries that is owing to any Credit Party (or
  Person required to become a Credit Party) shall be evidenced by the Subordinated
  Intercompany Note, and the Collateral Agent shall have received such
  Subordinated Intercompany Note duly executed by the Company, each such
  Restricted Subsidiary and each such other Credit Party, together with undated
instruments of transfer with respect thereto endorsed in blank; 

The foregoing definition shall
not require the creation or perfection of pledges of, or security interests in,
or the obtaining of title insurance or surveys with respect to, particular
assets if and for so long as the Administrative Agent and the Company agree in
writing that the cost of creating or perfecting such pledges or security
interests in such assets or obtaining title insurance or surveys in respect of
such assets shall be excessive in view of the benefits to be obtained by the
Secured Creditors therefrom. 

The Administrative Agent and the
Collateral Agent may grant extensions of time for the provision or perfection of
security interests in, or the obtaining of title insurance and surveys with
respect to, particular assets (including extensions beyond the Closing Date for
the perfection of security interests in the assets of the Credit Parties on such
date) where the Administrative Agent reasonably determines, in consultation with
the Company, that provision or perfection cannot be accomplished without undue
effort or expense by the time or times at which it would otherwise be required
by this Agreement or the Security Documents. 

Notwithstanding the foregoing
provisions of this definition or anything in this Agreement or any other Credit
Document to the contrary (but without limiting (x) any requirement to take any
Additional Account Security Action set forth in the definition of the term
“Eligible Accounts” solely for the purpose of determining the eligibility of
Accounts originated by any Credit Party that are owed from Account Debtors
located in any Account Debtor Approved Country (other than the United States,
Canada or the Netherlands) for inclusion in the applicable Borrowing Base or (y)
any requirement to take any Additional Inventory Security Action set forth in
the definition of the term “Eligible Inventory” solely for the purpose of
determining the eligibility of any Inventory owned by a Dutch Credit Party and
located in the United Kingdom, France or Germany for inclusion in the Dutch
Borrowing Base), (a) with respect to leases of Real Property entered into by any
Credit Party, such Credit Party shall not be required to take any action with
respect to creation or perfection of security interests with respect to such
leases (including requirements to deliver landlord lien waivers, estoppels and
collateral access letters without limiting the provisions set forth in the
definition of the term “Eligible Inventory”), (b) Liens required to be granted
from time to time pursuant to the Collateral and Guarantee Requirement shall be
subject to exceptions and limitations set forth in the Security Documents and,
to the extent appropriate in the applicable jurisdiction, as agreed between the
Administrative Agent, the Collateral Agent and the Company, (c) the Collateral
and Guarantee Requirement shall not apply to any of the following assets: (i)
any fee-owned Real Property that is not a Material Real Property and any
leasehold interests in Real Property, (ii) any governmental licenses or state or
local franchises, charters or authorizations, to the extent a security interest
in any such licenses, franchise, charter or authorization would be prohibited or
restricted thereby (including any legally effective prohibition or restriction)
after giving effect to the applicable anti-assignment clauses of the UCC, PPSA
and other applicable Requirements of Law in the Netherlands, other than the
proceeds and products thereof the assignment of which is expressly deemed
effective under the UCC, PPSA or any similar applicable Requirements of Law in
the Netherlands notwithstanding such prohibition, (iii) motor vehicles,
aircraft, aircraft engines and other assets and personal property subject to
certificates of title to the extent a Lien thereon cannot be perfected by the
filing of a UCC or PPSA financing statement or equivalent filing under other
similar Requirements of Law in the Netherlands, (iv) letter of credit rights
(except to the extent perfection can be accomplished through the filing of
UCC-1, PPSA or RDPRM financing statements or equivalent filing under other
similar the Requirements of Law in the Netherlands), (v) commercial tort claims
with an individual value of less than $2,500,000, (vi) assets and personal
property for which a pledge thereof or a security interest therein is prohibited
by applicable Requirements of Law (including any legally effective requirement
to obtain the consent of any Governmental Authority) after giving effect to the
applicable anti-assignment clauses of the UCC, PPSA and other applicable
Requirements of Law in the Netherlands, other than the proceeds and products
thereof the assignment of which is expressly deemed effective under the UCC,
PPSA or any similar applicable Requirements of Law in the Netherlands
notwithstanding such prohibition, (vii) any “margin stock” and Equity Interests
of any Person (other than any direct Wholly Owned Restricted Subsidiary of any
Borrower or any Subsidiary Guarantor) to the extent, and for so long as, the
pledge of such Equity Interests would be prohibited by the terms of any
applicable joint venture agreement or shareholders’ agreement applicable to such
Person, after giving effect to the applicable anti-assignment clauses of the
UCC, PPSA and other applicable Requirements of Law, (viii) Equity Interests of
any Unrestricted Subsidiary (including Equity Interests of Opta Minerals Inc.)
and Equity Interests of Coöperatie SunOpta U.A., (ix) any Equity Interests of
any CFC or FSHCO directly owned by any U.S. Credit Party that are voting Capital
Stock of such CFC or FSHCO in excess of 65% of the outstanding Equity Interests
that are voting Capital Stock of such CFC or FSHCO (including for the avoidance
of doubt, any instrument treated as Capital Stock for U.S. federal income tax
purposes), (x) assets and personal property to the extent a security interest in
such assets or personal property would result in material adverse tax
consequences as reasonably determined by the Company in consultation with the
Administrative Agent and notified in writing by the Company to the
Administrative Agent, (xi) any intent-to-use trademark application prior to the
filing of a “Statement of Use” with respect thereto, (xii) any Contractual
Requirement, license or permit to which a Credit Party or any of their property
(including personal property) is subject, and any property subject to a purchase
money security interest, capital lease or similar arrangement with any Person
if, to the extent, and for so long as, the grant of a Lien thereon to secure the
Obligations constitutes a breach of, a violation of, or a default under, or
invalidation of, or creates a right of termination in favor of any party (other
than any Borrower or Guarantor) to, such Contractual Requirement, license,
permit, purchase money arrangement, capital lease or similar arrangement (but
only to the extent any of the foregoing is not rendered ineffective by, or is
otherwise unenforceable under, the UCC, PPSA or any similar applicable
Requirement of Law in the Netherlands), (xiii) any Deposit Accounts described in
clause (i) or (ii) of the definition of the term “Excluded Accounts” and (xiv)
any property or assets acquired after the Closing Date (including any property
acquired through any acquisition, consolidation, amalgamation or merger of a
Person, but excluding any assets or property included in the Borrowing Base), if
at the time of such acquisition, the granting of a security interest therein or
a pledge thereof is prohibited by any Contractual Requirement to the extent and
for so long as such Contractual Requirement prohibits such security interest or
pledge (the assets excluded pursuant to this clause (c) and pursuant to
the second preceding paragraph of this definition, collectively, the
“Excluded Assets”; provided that notwithstanding anything herein
to the contrary, Excluded Assets shall not include any proceeds, replacements or
substitutions of Collateral (unless such proceeds, replacements or substitutions
otherwise constitute Excluded Assets), (d) control agreements shall not be
required with respect to any Deposit Accounts, securities accounts, futures
accounts or commodities accounts except to the extent set forth in Section
8.15, (e) share certificates of Immaterial Subsidiaries shall not be
required to be delivered, (f) pledges over shares of Immaterial Subsidiaries
owned by the Dutch Credit Parties shall not be required to be
delivered, (g) promissory notes evidencing Indebtedness for borrowed money in a
principal amount less than or equal to $2,500,000 (individually) owing to any
Credit Party shall not be required to be delivered and (h) no actions shall be
required to be taken outside the United States, Canada and the Netherlands to
(i) create a security interest in assets titled or located outside of the United
States, Canada and the Netherlands or (ii) perfect or make enforceable any
security interest in any such assets, other than actions required to be taken in
the United Kingdom pursuant to Section 8.15 to create and perfect or make
enforceable any security interest in the Dutch Collection Account or the Dutch
Dominion Account. 

“Collection Accounts”
  shall mean, collectively, the U.S. Collection Accounts, the Canadian Collection
Accounts and the Dutch Collection Accounts. 

“Commitment” shall mean,
with respect to any Lender, such Lender’s Revolving Commitment, LC Commitment or
Swingline Commitment, or any Extended Revolving Commitment. 

“Commitment Adjustment
Date” shall have the meaning provided in Section 2.20(a).

“Commodity Exchange Act”
shall mean the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended
from time to time, and any successor statute. 

“Company” shall have the
meaning provided in the preamble hereto and shall include, if applicable, any
Successor Company. 

“Compliance Certificate”
shall mean a certificate of the Responsible Officer of the Company substantially
in the form of Exhibit G hereto or such other form as may be reasonably
satisfactory to the Administrative Agent. 

“Consolidated Cash Interest
Expense” shall mean “Consolidated Interest Expense,” but calculated
excluding (i) any non-cash interest or deferred financing costs, (ii) any
amortization or write-down of deferred financing fees, debt issuance costs
including original issue discount, discounted liabilities, commissions, fees and
expenses, (iii) any expensing of bridge, commitment and other financing fees,
(iv) penalties and interest related to Taxes, but including any cash costs
otherwise excluded by the definition thereof and (v) any capitalized interest or
payment in kind interest. 

“Consolidated Depreciation and
Amortization Expense” shall mean with respect to any Person for any period,
the total amount of depreciation and amortization expense of such Person,
including the amortization of intangible assets, deferred financing costs and
fees, debt issuance costs, commissions, fees and expenses of such Person and its
Restricted Subsidiaries for such period on a consolidated basis and otherwise
determined in accordance with GAAP.

“Consolidated EBITDA”
shall mean, with respect to any Person for any period, the Consolidated Net
Income of such Person for such period

 (1)          increased
(without duplication) by the following, in each case (other than clause (m)) to
the extent deducted (and not added back) in determining Consolidated Net Income
for such period:

(a)          provision
for taxes based on income or profits or capital, including, without limitation,
federal, state, provincial, franchise, excise and similar taxes and foreign
withholding taxes (including any future taxes or other levies which replace or
are intended to be in lieu of such taxes and any penalties and interest related
to such taxes or arising from tax examinations) and the net tax expense
associated with any adjustments made pursuant to clauses (1) through (17) of the
definition of the term “Consolidated Net Income”; plus 

(b)          Indenture
  Fixed Charges of such Person for such period (including (w) net losses on
  Hedging Agreements or other derivative instruments entered into for the purpose
  of hedging interest rate risk, net of interest income and gains with respect to
  such obligations, (x) bank fees and other financing fees, (y) costs of surety
  bonds in connection with financing activities and (z) amounts excluded from
  Consolidated Interest Expense as set forth in clauses (1)(v) through (z) in the
definition thereof); plus 

(c)          Consolidated
Depreciation and Amortization Expense of such Person for such period;
plus 

(d)          the
amount of any restructuring charges, accruals or reserves, equity-based or
non-cash compensation charges or expenses including any such charges or expenses
arising from grants of stock appreciation or similar rights, stock options,
restricted stock or other rights, retention charges (including charges or
expenses in respect of incentive plans), start-up or initial costs for any
project or new production line, division or new line of business or other
business optimization expenses or reserves including, without limitation, costs
or reserves associated with improvements to IT and accounting functions,
integration and facilities opening costs or any one-time costs incurred in
connection with acquisitions and Investments and costs related to the closure
and/or consolidation of facilities; provided that the aggregate amount
added pursuant to this clause (d), when taken together with the aggregate
amounts added pursuant to clause (m) below, for any Test Period shall not exceed
an amount equal to 20.0% of Consolidated EBITDA for such Test Period prior to
giving effect to any adjustments pursuant to this clause (d) and clause (m)
below; plus 

(e)          any
other non-cash charges (including (i) any write-offs or write-downs, (ii) losses
on sales, disposals or abandonment of, or any improvement charges or asset write
off related to, intangible assets, long-lived assets and investments in debt and
equity securities and (iii) all losses from investments) (provided that
if any such non-cash charges represent an accrual or reserve for potential cash
items in any future period, (A) the Company may elect not to add back such
non-cash charge in the current period and (B) to the extent the Company elects
to add back such non-cash charge, the cash payment in respect thereof in such
future period shall be subtracted from Consolidated EBITDA to such extent, and
excluding amortization of a prepaid cash item that was paid in a prior period);
plus 

(f)          the
amount of any non-controlling or minority interest expense consisting of
Subsidiary income attributable to minority equity interests of third parties in
any non-Wholly Owned Subsidiary; plus 

(g)          any
costs or expense incurred by the Company or a Restricted Subsidiary pursuant to
any management equity plan or stock option plan or any other management or
employee benefit plan or agreement or any stock subscription or shareholder
agreement, to the extent that such cost or expenses are funded with cash
proceeds contributed to the capital of the Company or net cash proceeds of an
issuance of Equity Interest of the Company (other than Disqualified Stock);
plus 

(h)          cash
receipts (or any netting arrangements resulting in reduced cash expenditures)
not representing Consolidated EBITDA or Consolidated Net Income in any period to
the extent non-cash gains relating to such income were deducted in the
calculation of Consolidated EBITDA pursuant to clause (2) below for any previous
period and not added back; plus 

(i)          any
net loss from disposed, abandoned or discontinued operations; plus

(j)          any
(i) salary, benefit and other direct savings resulting from workforce reductions
by such Person implemented or reasonably expected to be implemented within the
12 months following such period, (ii) severance or relocation costs or expenses
of such Person during such period and (iii) costs and expenses incurred after
the Closing Date related to employment of terminated employees incurred by such
Person during such period; plus 

(k)          any
proceeds from business interruption, casualty or liability insurance received by
such Person during such period, to the extent the associated losses arising out
of the event that resulted in the payment of such business interruption
insurance proceeds were included in computing Consolidated Net Income;
plus 

(l)          to
the extent actually reimbursed (and not otherwise included in arriving at
Consolidated Net Income), expenses incurred to the extent covered by
indemnification provisions in any agreement in connection with any acquisition
or merger involving the Company or any of its Subsidiaries; plus 

(m)          the
amount of net cost savings and synergies projected by the Company in good faith
to be realized as a result of specified actions taken or with respect to which
substantial steps have been taken (in the good faith determination of the
Company) and which are expected to be realized within 12 months of the date
thereof in connection with the Transactions, future acquisitions and cost
saving, restructuring and other similar initiatives (which cost savings shall be
added to Consolidated EBITDA until fully realized and calculated on a pro forma
basis as though such cost savings had been realized during such period from such
actions); provided that such cost savings are reasonably identifiable and
factually supportable; provided that the aggregate amount added back
pursuant to this clause (m), when taken together with the aggregate amounts
added pursuant to clause (d) above, for any Test Period shall not exceed an
amount equal to 20.0% of Consolidated EBITDA for such Test Period prior to
giving effect to any adjustments pursuant to this clause (m) and clause (d)
above; 

 (2)          decreased
(without duplication) by the following, in each case to the extent included in
determining Consolidated Net Income for such period:

(a)          non-cash
gains increasing Consolidated Net Income of such Person for such period,
excluding any non-cash gains to the extent they represent the reversal of an
accrual or reserve for a potential cash item that reduced Consolidated EBITDA in
any prior period; plus 

(b)          any
non-cash gains with respect to cash actually received in a prior period unless
such cash did not increase Consolidated EBITDA in such prior period; plus

(c)          any
net income from disposed or discontinued operations. 

“Consolidated Fixed Charge
Coverage Ratio” shall mean, as of any date of determination, the ratio of
(a) Consolidated EBITDA for the Test Period most recently completed on or prior
to such date of determination minus the sum of (i) the aggregate amount
of all Capital Expenditures made by the Company and its Restricted Subsidiaries
during such Test Period (other than Capital Expenditures to the extent financed
with net cash proceeds received by the Company or any of its Restricted
Subsidiaries from issuances of Equity Interests, net cash proceeds received by
the Company or any of its Restricted Subsidiaries from dispositions or Casualty
Events, or net cash proceeds received by the Company or any of its Restricted
Subsidiaries from the incurrence of long-term Indebtedness, but including
Capital Expenditures to the extent financed with proceeds of Loans) plus
(ii) the amount of all cash payments made during such Test Period made by
Company and its Restricted Subsidiaries in respect of income taxes (net of cash
income tax refunds received during such Test Period) (excluding such cash
payments related to asset sales not in the ordinary course of business) to (b)
Consolidated Fixed Charges for such Test Period. 

“Consolidated Fixed
Charges” shall mean, as of any date of determination, the sum determined on
a consolidated basis of (a) Consolidated Cash Interest Expense of the Company
and its Restricted Subsidiaries for the Test Period most recently completed on
or prior to such date of determination plus (b) the scheduled principal
payments made during such Test Period on all Indebtedness for borrowed money and
Capital Lease Obligations of the Company and its Restricted Subsidiaries (other
than payments by the Company or any of its Restricted Subsidiaries to the
Company or to any other Restricted Subsidiary) due and payable in cash during
such Test Period plus (c) the aggregate amount of all regularly scheduled
Restricted Payments paid in cash by the Company with respect to its Equity
Interests during such Test Period and (except solely for purposes of calculating
the Consolidated Fixed Charge Coverage Ratio in connection with Section
9.119.12) all other Restricted Payments made in cash during
such period in reliance on Section 9.03(b)(ix), Section 9.03(b)(x) to the extent such Restricted Payments
are made in reliance of clause (c) of the definition of the “Available Equity
Amount Basket” or Section 9.03(b)(xi). 

“Consolidated Interest
Expense” shall mean, with respect to any Person for any period, without
duplication, the sum of:

 (1)          consolidated
interest expense in respect of Indebtedness of such Person and its Restricted
Subsidiaries for such period, to the extent such expense was deducted (and not
added back) in computing Consolidated Net Income (including (a) amortization of
original issue discount resulting from the issuance of Indebtedness at less than
par, (b) all commissions, discounts and other fees and charges owed with respect
to letters of credit or bankers acceptances, (c) non-cash interest charges (but
excluding any non-cash interest expense attributable to the movement in the mark
to market valuation of Hedging Obligations or other derivative instruments
pursuant to GAAP), (d) the interest component of Capitalized Lease Obligations,
(e) net payments, if any, made (less net payments, if any, received), pursuant
to interest rate Hedging Agreements with respect to Indebtedness, and excluding
(v) any expense resulting from the discounting of any Indebtedness in connection
with the application of recapitalization accounting or, if applicable, purchase
accounting in connection with any acquisition, (w) penalties and interest
relating to taxes, (x) any “additional interest” or “liquidated damages” with
respect to other securities for failure to timely comply with registration
rights obligations, (y) amortization of deferred financing fees, debt issuance
costs, commissions, fees and expenses and discounted liabilities and (z) any
accretion of accrued interest on discounted liabilities); plus 

 (2)          consolidated
capitalized interest of such Person and its Restricted Subsidiaries for such
period, whether paid or accrued; less 

 (3)          interest
income of such Person and its Restricted Subsidiaries for such period.

For purposes of this definition,
interest on a Capitalized Lease Obligation shall be deemed to accrue at an
interest rate reasonably determined by such Person to be the rate of interest
implicit in such Capitalized Lease Obligation in accordance with GAAP.

“Consolidated Net Income”
shall mean, with respect to any Person for any period, the aggregate of the Net
Income of such Person and its Restricted Subsidiaries for such period, on a
consolidated basis, and otherwise determined in accordance with GAAP;
provided that, without duplication,

 (1)          any
net after-tax effect of extraordinary, non-recurring or unusual gains, losses or
charges (including all fees and expenses relating thereto and including relating
to any multi-year strategic initiatives), including, without limitation,
expenses incurred in connection with the Transactions, any expenses relating to
severance, relocation costs, integration costs, transition costs, preopening,
opening, consolidation and closing costs for facilities, one-time compensation
costs, signing, retention and completion bonuses, costs incurred in connection
with any strategic initiatives, costs incurred in connection with acquisitions,
other business optimization expenses (including costs and expenses relating to
business optimization programs and new systems design, retention charges, system
establishment costs and implementation costs) and operating expenses
attributable to the implementation of cost-savings initiatives, restructuring
and duplicative running costs and curtailments or modifications to pension and
post-retirement employee benefit plans shall be excluded; 

 (2)          the
cumulative effect of a change in accounting principles and changes as a result
of the adoption or modification of accounting policies during such period shall
be excluded; 

 (3)          any
net after-tax effect of gains or losses (less all fees, expenses and charges
relating thereto) attributable to asset dispositions or abandonments (including
any disposal of abandoned or discontinued operations) or the sale or other
disposition of any Capital Stock of any Person other than in the ordinary course
of business as determined in good faith by the Company shall be excluded; 

 (4)          the
Net Income for such period of any Person that is an Unrestricted Subsidiary or
any Person that is not a Subsidiary or that is accounted for by the equity
method of accounting shall be excluded; provided that Consolidated Net
Income of the Company shall be increased by the amount of dividends or
distributions or other payments that are actually paid in Investment Cash
Equivalents (or to the extent converted into Investment Cash Equivalents) to the
Company or a Restricted Subsidiary thereof in respect of such period and the net
losses of any such Person shall only be included to the extent funded with cash
from the Company or any Restricted Subsidiary; 

 (5)          effects
of adjustments (including the effects of such adjustments pushed down to the
Company and the Restricted Subsidiaries) in the inventory (including any impact
of changes to inventory valuation policy methods, including changes in
capitalization of variances), property and equipment, software, goodwill, other
intangible assets, in-process research and development, deferred revenue, debt
line items and other noncash charges in such Person’s consolidated financial
statements pursuant to GAAP resulting from the application of recapitalization
accounting or, if applicable, purchase accounting in relation to any consummated
acquisition or joint venture investment or the amortization or write-off or
write-down of any amounts thereof, net of taxes, shall be excluded;

 (6)          any
net after-tax effect of income (loss) from the early extinguishment or
conversion of (a) Indebtedness, (b) Hedging Obligations or (c) other derivative
instruments shall be excluded; 

 (7)          any
impairment charge or asset write-off or write-down, including impairment charges
or asset write-offs or write-downs related to intangible assets, goodwill,
long-lived assets, investments in debt and equity securities and investments
recorded using the equity method or as a result of a change in law, in each
case, pursuant to GAAP, and the amortization of intangibles arising pursuant to
GAAP shall be excluded; 

 (8)          any
non-cash compensation charge or expense, including any such charge or expense
arising from the grants of stock appreciation or similar rights, stock options,
restricted stock, profit interests or other rights or equity or equity-based
incentive programs (“equity incentives”) shall be excluded and any cash
charges associated with the equity incentives or other long-term incentive
compensation plans, rollover, acceleration, or payout of Equity Interests by
management, other employees or business partners of the Company, shall be
excluded; 

 (9)          any
fees, expenses or charges incurred during such period, or any amortization
thereof for such period, in connection with any acquisition, recapitalization,
Investment, asset sale, disposition, incurrence or repayment of Indebtedness
(including such fees, expenses or charges related to any Indebtedness, the
offering and issuance of the Second Lien Notes and other securities and the
syndication and incurrence of any debt facilities or other financing
arrangements (including, without limitation, commercial paper facilities or
indentures) providing for revolving credit loans, term loans, letters of credit
or other long term indebtedness), issuance of Equity Interests, refinancing
transaction or amendment or modification of any debt instrument (including any
amendment or other modification of this Agreement,
the Second Lien Loan Agreement or the Second Lien Notes
Indenture) and including, in each case, any such transaction consummated on or
prior to the Closing Date and any such transaction undertaken but not completed,
and any charges or non-recurring merger costs incurred during such period as a
result of any such transaction, in each case whether or not successful or
consummated (including, for the avoidance of doubt the effects of expensing all
transaction related expenses in accordance with Financial Accounting Standards
Board Accounting Standards Codification Topic No. 805, Business Combinations),
shall be excluded; 

 (10)        accruals
and reserves that are established or adjusted twelve months after the closing of
any acquisition that are so required to be established as a result of such
acquisition in accordance with GAAP or changes as a result of modifications of
accounting policies shall be excluded; 

 (11)        any
expenses, charges or losses to the extent covered by insurance or indemnity and
actually reimbursed, or, so long as such Person has made a determination that
there exists reasonable evidence that such amount will in fact be reimbursed by
the insurer or indemnifying party and only to the extent that such amount is in
fact reimbursed within 365 days of the date of the insurable or indemnifiable
event (net of any amount so added back in any prior period to the extent not so
reimbursed within the applicable 365-day period), shall be excluded; 

 (12)        any
noncash compensation expense resulting from the application of Accounting
Standards Codification Topic No. 718, Compensation—Stock Compensation, shall be
excluded;

 (13)          any
net unrealized gain or loss (after any offset) resulting in such period from
Hedging Obligations and the application of FASB Accounting Standards
Codification 815 shall be excluded; 

 (14)          any
net unrealized gain or loss (after any offset) resulting in such period from
currency translation and transaction gains or losses including those related to
currency remeasurements of Indebtedness (including any net loss or gain
resulting from Hedging Obligations for currency exchange risk) and any other
monetary assets and liabilities and any other foreign currency translation gains
and losses, to the extent such gain or losses are non-cash items, shall be
excluded; 

 (15)          any
adjustments resulting for the application of Accounting Standards Codification
Topic No. 460, Guaranty, or any comparable regulation, shall be excluded; 

 (16)          effects
of adjustments to accruals and reserves during a prior period relating to any
change in the methodology of calculating reserves for returns, rebates and other
chargebacks, shall be excluded; and 

 (17)          earn-out
and contingent consideration obligations (including to the extent accounted for
as bonuses or otherwise) and adjustments thereof and purchase price adjustments,
shall be excluded.

In addition, to the extent not
already included in the Consolidated Net Income of such Person and its
Restricted Subsidiaries, notwithstanding anything to the contrary in the
foregoing, Consolidated Net Income shall include the amount of proceeds received
from business interruption insurance and reimbursements of any expenses and
charges that are covered by indemnification or other reimbursement provisions in
connection with any acquisition, Investment or any sale, conveyance, transfer or
other disposition of assets permitted under this Agreement.

“Consolidated Secured Leverage
Ratio” shall mean, as of any date of determination, the ratio of (a) all
Indebtedness of the Company and the Restricted Subsidiaries that is secured by a
Lien on any assets of the Company and the Restricted Subsidiaries as of the last
day of the Test Period most recently completed on or prior to such date of
determination minus Investment Cash Equivalents (in each case, free and
clear of all Liens, other than Permitted Liens) included on the consolidated
balance sheet of the Company as of the end of such Test Period to (b)
Consolidated EBITDA of the Company and the Restricted Subsidiaries for such Test
Period, in each case (i) with such pro forma adjustments to Investment Cash
Equivalents and Consolidated EBITDA and (ii) giving pro forma effect to the
incurrence of any Indebtedness that is incurred at the time of or in connection
with the event giving rise to the measurement of the Consolidated Secured
Leverage Ratio. 

“Consolidated Total
Assets” shall mean, as at any date of determination, the total assets of the
Company and the Restricted Subsidiaries determined on a consolidated basis in
accordance with GAAP, as shown on the most recent balance sheet of the Company
or such other Person as of the last day of the Test Period most recently
completed on or prior to such date of determination. 

“Contingent Obligation”
shall mean, with respect to any Person, any obligation of such Person
guaranteeing any leases, dividends or other obligations that do not constitute
Indebtedness (“primary obligations”) of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, including, without
limitation, any obligation of such Person, whether or not contingent: (a) to
purchase any such primary obligation or any property constituting direct or
indirect security therefor; (b) to advance or supply funds (i) for the purchase
or payment of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or
otherwise to maintain the net worth or solvency of the primary obligor; or (c)
to purchase property, securities or services primarily for the purpose of
assuring the owner of any such primary obligation of the ability of the primary
obligor to make payment of such primary obligation against loss in respect
thereof. The amount of any Contingent Obligation shall be deemed to be an amount
equal to the stated or determinable amount of the primary obligation in respect
of which such Contingent Obligation is made or, if not stated or determinable,
the maximum reasonably anticipated liability in respect thereof (assuming such
Person is required to perform thereunder) as determined by such Person in good
faith. 

“Contract Period” shall
  mean the term of any B/A Equivalent Loan which shall be of one, two, three or
  six months, as selected by the applicable Canadian Borrower in accordance with
  Section 2.03 or Section 2.08, (i) initially, commencing on the
  date of such B/A Equivalent Loan and (ii) thereafter, commencing on the day on
  which the immediately preceding Contract Period expires; provided that
  (a) if a Contract Period would otherwise expire on a day that is not a Business
  Day, such Contract Period shall expire on the next succeeding Business Day
  unless no further Business Day occurs in such month, in which case such Contract
  Period shall expire on the immediately preceding Business Day; (b) any Contract
  Period that begins on the last Business Day of a calendar month (or on a day for
  which there is no numerically corresponding day in the calendar month at the end
  of such Contract Period) shall, subject to clause (c) of this definition, end on
  the last Business Day of a calendar month; and (c) no Contract Period with
  respect to any portion of a B/A Equivalent Loan shall extend beyond the Maturity
Date. 

“Contractual Obligation”
shall mean an obligation under any Contractual Requirement. 

“Contractual Requirement”
shall have the meaning provided in Section 7.03. 

“Corrective Extension
Amendment” shall have the meaning provided in Section 2.19(e).

“Cost” shall mean, with
respect to any Inventory or Equipment, the cost of purchase of such Inventory or
Equipment determined according to accounting policies used in the preparation of
the Company’s Section 8.01 Financials and valued on a first in, first out basis.

“Co-Syndication Agents”
shall mean Rabobank Nederland, Canadian Branch and Bank of Montreal, in their
respective capacities as co-syndication agents, as applicable, under this
Agreement. 

“Credit Documents” shall
mean this Agreement and, after the execution and delivery thereof pursuant to
the terms of this Agreement, each Note, each Security Document, any
intercreditor agreement contemplated by this Agreement (including the
Intercreditor Agreement), each Incremental Revolving Commitment Agreement and
each Extension Agreement. 

“Credit Event” shall mean
the making of any Loan, including any Swingline Loan.

“Credit Extension” shall
mean, as the context may require, (i) a Credit Event or (ii) a LC Credit
Extension; provided that “Credit Extensions” shall not include
conversions and continuations of outstanding Loans. 

“Credit Parties” shall
mean the U.S. Credit Parties, the Canadian Credit Parties and the Dutch Credit
Parties, as the context requires. 

“Credit Party Guarantee”
shall mean the guarantee of each Credit Party pursuant to Section 13.

“CRR” shall mean (a)
Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26
June 2013 on prudential requirements for credit institutions and investment
firms and (b) Directive 2013/36/EU of the European Parliament and of the Council
of 26 June 2013 on access to the activity of credit institutions and the
prudential supervision of credit institutions and investment firms. 

“Data Protection
Directive” shall mean Directive 95/46/EC of the European Parliament and of
the Council of 24 October 1995 on the protection of individuals with regard to
the processing of personal data and on the free movement of such data. 

“Debtor Relief Laws”
shall mean the Bankruptcy Code of the United States, BIA, CCAA and WURA and any
other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency, reorganization,
or similar debtor relief laws of the United States, Canada, the Netherlands or
other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally. 

“Default” shall mean any
event, act or condition which with notice or lapse of time, or both, would
constitute an Event of Default. 

“Defaulting Lender” shall
mean any Lender that (a) has failed to comply with its funding obligations
hereunder, and such failure is not cured within two Business Days; (b) has
notified the Administrative Agent or any Borrower that such Lender does not
intend to comply with its funding obligations hereunder or under any other
credit facility, or has made a public statement to that effect; (c) has failed,
within three Business Days following request by the Administrative Agent or any
Borrower, to confirm in a manner reasonably satisfactory to the Administrative
Agent and Company that such Lender will comply with its funding obligations
hereunder; or (d) has, or has a direct or indirect parent company that has, (i)
become the subject of an insolvency proceeding, (ii) had appointed for it a
receiver, custodian, conservator, trustee, administrator, assignee for the
benefit of creditors or similar Person charged with reorganization or
liquidation of its business or assets, including the Federal Deposit Insurance
Corporation or any other state, provincial, federal or foreign regulatory
authority acting in such a capacity, or (iii) become the subject of a Bail-In
Action; provided, however, that a Lender shall not be a Defaulting
Lender solely by virtue of a Governmental Authority’s ownership of an Equity
Interest in such Lender or parent company unless the ownership provides immunity
for such Lender from jurisdiction of courts within the United States or from
enforcement of judgments or writs of attachment on its assets, or permits such
Lender or Governmental Authority to repudiate or otherwise to reject such
Lender’s agreements. 

“Deposit Account Control
Agreement” shall mean a Deposit Account blocked control agreement to be
executed by each institution maintaining a Deposit Account (other than an
Excluded Account) for a Borrower or any other Credit Party, in each case as
required by, and in accordance with the terms of, Section 8.15 and in
form and substance reasonably satisfactory to the Administrative Agent. 

“Designated Jurisdiction”
shall mean any country or territory to the extent that such country or territory
itself is the subject of comprehensive country- or territory-wide Sanctions.

“Designated Non-Cash
Consideration” shall mean the Fair Market Value, as set forth in an
officer’s certificate of a Responsible Officer, of non-cash consideration
received by the Company or any of the Restricted Subsidiaries in connection with
an Asset Sale, less the amount of Investment Cash Equivalents received in
connection with a subsequent sale, redemption or repurchase of or collection or
payment on such Designated Non-Cash Consideration; provided that
such disposition is in compliance with Section 9.02. 

“Designated Preferred
Stock” shall mean Preferred Stock of the Company or any direct or indirect
parent company thereof (in each case other than Disqualified Stock) that is
issued for cash (other than to a Restricted Subsidiary or an employee stock
ownership plan or trust established by the Company or any of its Subsidiaries)
and is so designated as Designated Preferred Stock, pursuant to an officer’s
certificate executed by Responsible Officer of the Company or the applicable
parent company thereof, as the case may be, on the issuance date thereof. 

“Dilution Factors” shall
mean, without duplication, with respect to any period, the aggregate amount of
all bad debt write-downs, discounts, credits, returns, rebates, and other
dilutive items. 

“Dilution Ratio” shall
mean, at any date, as to the Accounts owned by any Person, the amount (expressed
as a percentage) that is the result of dividing (a) the Dollar Equivalent of the
applicable Dilution Factors for the twelve most recently ended fiscal months
with respect to such Person’s Accounts, by (b) the Dollar Equivalent of such
Person’s total gross sales with respect to their Accounts for the twelve most
recently ended fiscal months. 

“Dilution Reserve” shall
mean, (i) in the case of the Canadian Borrowing Base, the Canadian Dilution
Reserve, (ii) in the case of the U.S. Tranche A Borrowing
Base and the U.S. Tranche B Borrowing Base, the U.S. Dilution Reserve
and (iii) in the case of the Dutch Borrowing Base, the Dutch Dilution Reserve.

“Disqualified Stock” shall
mean, with respect to any Person, any Capital Stock of such Person which, by its
terms, or by the terms of any security into which it is convertible or for which
it is puttable or exchangeable, or upon the happening of any event, matures or
is mandatorily redeemable (other than solely as a result of a change of control
or asset sale) pursuant to a sinking fund obligation or otherwise, or is
redeemable at the option of the holder thereof (other than solely as a result of
a change of control or asset sale), in whole or in part, in each case prior to
the date 91 days after the earlier of the Maturity Date or the date the
Obligations are paid in full; provided, that if such Capital Stock is
issued to any plan for the benefit of employees of the Company or its
Subsidiaries or by any such plan to such employees, such Capital Stock shall not
constitute Disqualified Stock solely because it may be required to be
repurchased by the Company or its Subsidiaries in order to satisfy applicable
statutory or regulatory obligations; provided, further, that any
Capital Stock held by any future, current or former employee, director, officer,
manager or consultant of the Company, any of its Subsidiaries, or any other
entity in which the Company or a Restricted Subsidiary has an Investment and is
designated in good faith as an “affiliate” by the board of directors of the
Company (or the compensation committee thereof), in each case pursuant to any
stock subscription or shareholders’ agreement, management equity plan or stock
option plan or any other management or employee benefit plan or agreement shall
not constitute Disqualified Stock solely because it may be required to be
repurchased by the Company or its Subsidiaries or in order to satisfy applicable
statutory or regulatory obligations. 

“Distribution Conditions”
shall mean, with respect to any Restricted Payment or Restricted Junior Debt
Prepayment, the following: 

(i)          
as of the date of any such Restricted Payment or Restricted Junior Debt
Prepayment, and after giving effect thereto, no Event of Default shall exist or
have occurred and be continuing, 

 (ii)          as of the date of any
such Restricted Payment, and after giving effect thereto, the Total Excess
Availability on such date, and during the immediately preceding 30 consecutive
day period (assuming such Restricted Payment occurred on the first day of such
30 consecutive day period) shall have been not less than
the greater of (x) 15.0 % of the Line Cap and (y) $30,000,000,

 (iii)          as of the date of any such Restricted Payment or Restricted Junior Debt Prepayment, and
after giving effect thereto, the Total Excess Availability on such date, and
during the immediately preceding 30 consecutive day period (assuming such
Restricted Payment or Restricted
Junior Debt Prepayment occurred on the first day of such 30
consecutive day period) shall have been not less than the greater of (x) 15.0 %
of the Line Cap and (y) either (I)
$30,000,000, or, if any U.S. Tranche B Revolving Loans remain outstanding as of
the date of such Restricted Junior Debt Prepayment (II) $35,000,000,

(iv)           the Consolidated Fixed Charge Coverage Ratio, calculated
on a pro forma basis for such Restricted Payment shall be no less than 1.0 to
1.0; provided that this clause (iv) shall not apply if, as of the date of any
such Restricted Payment, and after giving effect thereto, the Total Excess
Availability on such date, and during the immediately preceding 30 consecutive
day period (assuming such Restricted Payment occurred on the first day of such
30 consecutive day period) shall have been not less than the greater of (x)
20.0% of the Line Cap and (y) $40,000,000, 

 (iiiv)          the Consolidated
Fixed Charge Coverage Ratio, calculated on a pro forma basis for such Restricted
Payment or Restricted Junior Debt
Prepayment, as the case may be,
shall be no less than 1.0 to 1.0; provided that this
clause (iiiv) shall not apply if, as of the date of any such
Restricted Payment or Restricted
Junior Debt Prepayment, and after giving effect thereto, the
Total Excess Availability on such date, and during the immediately preceding 30
consecutive day period (assuming such Restricted Payment or Restricted Junior Debt Prepayment
occurred on the first day of such 30 consecutive day period) shall have been not
less than the greater of (x) 20.0% of the Line Cap and (y) either (I) $40,000,000 or, if
any U.S. Tranche B Revolving Loans remain outstanding as of the date of such
Restricted Junior Debt Prepayment, (II)
$45,000,000, and

 (ivvi)          for any
Restricted Payment and/or Restricted Junior Debt Prepayment exceeding
$15,000,000 in the aggregate, the Administrative Agent shall have received a
certificate of a Responsible Officer of the Company certifying as to compliance
with the preceding clauses (other than with respect to the portion of any 30
consecutive day period prior to the date of such Restricted Payment and/or
Restricted Junior Debt Prepayment that has not occurred as of the date such
certificate is delivered) and demonstrating (in reasonable detail) the
calculations required thereby, in form and substance reasonably satisfactory to
the Administrative Agent, not less than two (2) Business Days prior to the date
of such Restricted Payment and/or Restricted Junior Debt Prepayment (or such
shorter period as may be agreed upon in writing by the Administrative Agent).

“DMLTFPA” shall mean the
Dutch Money Laundering and Terrorism Financing Prevention Act (Wet ter
voorkoming van witwassen en financieren van terrorisme).

“Documentation Agent”
shall mean JPMorgan Chase Bank, N.A., in its capacity as documentation agent
under this Agreement. 

“Dodd-Frank and Basel III”
shall have the meaning provided in Section 3.01(d).

“Dollar Equivalent” shall
mean, at any time, (a) with respect to any amount denominated in Dollars, such
amount, and (b) with respect to any amount denominated in any other currency,
the equivalent amount thereof in Dollars as determined at such time
on the basis of the Spot Rate for the purchase of Dollars with such currency at
such time.

“Domestic Restricted
Subsidiary” shall mean any Domestic Subsidiary that is a Restricted
Subsidiary. 

“Domestic Subsidiary”
  shall mean any Subsidiary of the Company organized under the laws of the United
States, any state thereof or the District of Columbia. 

“Dominion Account” shall have the meaning provided in
Section 8.15(c)(i).

“Dutch Administrative
Agent” shall have the meaning provided in the preamble hereto and any
successor thereto appointed pursuant to Section 11.09. 

“Dutch Borrowers” shall
mean the Dutch Parent Borrower and each Dutch Subsidiary of the Company that
executes a counterpart hereto and to any other applicable Credit Document to
become a Borrower, whether on the Closing Date or after the Closing Date in
accordance with Section 2.21. 

“Dutch Borrowing Base”
shall mean, at the time of any determination, an amount equal to the sum of the
Dollar Equivalent, without duplication, of

 (a)          (I)
85% of the aggregate Outstanding Balance of Eligible Dutch Accounts of the Dutch
Borrowers (other than Eligible Insured and Letter of Credit Backed Accounts) at
such time plus (II) 90% of the aggregate Outstanding Balance of Eligible
Insured and Letter of Credit Backed Accounts of the Dutch Borrowers at such
time; plus 

 (b)          the
lesser of (i) 70% of the lesser of the Cost or Fair Market Value of Eligible
Dutch Inventory at such time and (ii) 85% of the Net Orderly Liquidation Value
of Eligible Dutch Inventory at such time; plus 

 (c)          if
a Borrowing Base Reallocation Notice is delivered by the Company, a portion of
the positive amount, if any, by which the Canadian Borrowing Base
and the/or U.S. Tranche A
Borrowing Base exceed the total Canadian Revolving Exposure and/or U.S. Tranche A Revolving Exposure of all Lenders on the date
of such delivery, may be reallocated to the Dutch Borrowing Base (subject to the
North American Minimum Requirement); provided that a Borrowing Base
Reallocation Notice may only be delivered once in any calendar month, and shall
set forth the requested reallocation of available Borrowing Base among
Subfacilities, and which reallocation shall become effective upon confirmation
by the Administrative Agent that such reallocation would not cause the Revolving
Exposure under any Subfacility to exceed the Borrowing Base for the applicable
Subfacility, and which reallocation shall remain effective thereafter until such
time, if any, as a new Borrowing Base Reallocation Notice is received and has
become effective; minus 

 (d)          the
portion of the Dutch Borrowing Base, if any, that is reallocated to the Canadian
Borrowing Base, and/or the U.S. Tranche A
Borrowing Base pursuant to clause (e) of each of the definitions of Canadian
Borrowing Base and U.S. Tranche A Borrowing
Base; minus 

 (e)          any
Reserves established or modified from time to time by the Administrative Agent
in with the exercise of its Permitted Discretion in accordance with the
provisions of Section 2.22; 

The Dutch Borrowing Base at any time shall be determined by
reference to the most recent Borrowing Base Certificate delivered to the
Administrative Agent pursuant to Section 8.15(a), adjusted as necessary
(pending the delivery of a new Borrowing Base Certificate) to reflect the impact
of any Significant Asset Sale or the acquisition of any assets in a Permitted
Acquisition or similar Investment (or any event or circumstance which, pursuant
to the eligibility rules set forth in the definitions of Eligible Account,
Eligible Inventory or Eligible Insured and Letter of Credit Backed Accounts,
renders any such Account or Inventory eligible or ineligible for inclusion in
the Dutch Borrowing Base after delivery of the most recent Borrowing Base
Certificate). The Administrative Agent shall have the right (but no obligation)
to review the computations in any Borrowing Base Certificate and if such
computations have not been calculated in accordance with the terms of this
Agreement, the Administrative Agent shall have the right, in consultation with
the Company, to correct any such errors in such manner as it shall reasonably
determine and the Administrative Agent will notify the Company in writing
promptly after making any such correction. 

“Dutch Collateral” shall
mean all the “Collateral” (or equivalent term) as defined in each Dutch Security
Agreement and all other property (whether real, personal or otherwise) with
respect to which any security interests have been granted (or purported to be
granted) by any Dutch Credit Parties pursuant to any Dutch Security Document.

“Dutch Collection Account”
shall have the meaning provided in Section 8.15(c)(iv) .

“Dutch Credit Party” shall
mean the Dutch Borrowers and each Dutch Subsidiary Guarantor.

“Dutch Dilution Reserve”
shall mean, at any date, (i) the amount by which the consolidated Dilution Ratio
of Eligible Dutch Accounts exceeds five percent (5%) multiplied by (ii) the
Eligible Dutch Accounts on such date. 

“Dutch Dominion Account”
shall have the meaning provided in Section 8.15(c)(i).

“Dutch Issuing Bank” shall
mean, as the context may require, (a) BANA (acting through its London branch) or
any Affiliates or branches of BANA with respect to Dutch Letters of Credit
issued by it; (b) any other Lender that may become an Issuing Bank pursuant to
Sections 2.13(i) and 2.13(k), with respect to Dutch Letters of
Credit issued by such Lender; (c) with respect to any Existing Letter of Credit
set forth on Part B of Schedule 1.01B, the Lender which is the issuer of such
Existing Letter of Credit; or (d) collectively, all of the foregoing. 

“Dutch Labour Standards
Acts” shall mean, collectively, (i) the Dutch Minimum Wage and Minimum
Holiday Allowance Act (Wet minimumloon en minimumvakantiebijslag), (ii)
the Dutch Equal Treatment Act (Algemene wet gelijke behandeling), (iii)
the Dutch Working Hours Act (Arbeidstijdenwet) and (iv) the Dutch Working
Conditions Act (Arbeidsomstandighedenwet). 

“Dutch LC Credit
Extension” shall mean, with respect to any Dutch Letter of Credit, the
issuance, amendment or renewal thereof or extension of the expiry date thereof,
or the increase of the Stated Amount thereof. 

“Dutch LC Disbursement”
shall mean a payment or disbursement made by the Dutch Issuing Bank pursuant to
a Dutch Letter of Credit. 

“Dutch LC Documents” shall
mean all documents, instruments and agreements delivered by a Dutch Borrower or
any other Person to a Dutch Issuing Bank or the Administrative Agent in
connection with any Dutch Letter of Credit. 

“Dutch LC Exposure” shall
mean at any time the sum of (a) the aggregate undrawn Stated Amount of all
outstanding Dutch Letters of Credit at such time plus (b) the aggregate
principal amount of all Dutch LC Disbursements that have not yet been reimbursed
at such time. The Dutch LC Exposure of any Revolving Lender at any time shall
mean its Pro Rata Percentage of the aggregate Dutch LC Exposure at such time.

“Dutch LC Obligations”
shall mean the sum (without duplication) of (a) all amounts owing by the Dutch
Borrowers in respect of any Dutch LC Disbursements (including any bankers’
acceptances or other payment obligations arising therefrom) and (b) the Stated
Amount of all outstanding Dutch Letters of Credit. 

“Dutch LC Sublimit” shall
mean $20,000,000.

“Dutch Letter of Credit”
shall mean any letters of credit issued or to be issued by the Dutch Issuing
Bank under the Dutch Subfacility requested by a Dutch Borrower pursuant to
Section 2.13. 

“Dutch Line Cap” shall
mean, at any time, an amount that is equal to the lesser of (a) the Dutch
Revolving Commitments and (b) the Dutch Borrowing Base. 

“Dutch Parent Borrower”
shall have the meaning provided in the recitals hereto and shall include any
successor thereto permitted under Section 9.11. 

“Dutch Parent Borrower
Disposition” shall have the meaning provided in Section 2.07(c). 

“Dutch Pension Plan” shall
mean the pension plan applicable to each Dutch Credit Party. 

“Dutch Pension
Regulations” shall mean the Dutch pension act (pensioenwet).

“Dutch Pledges Over
Shares” shall have the meaning provided to such term in Section 5.09.

“Dutch Protective Advance”
shall have the meaning provided in Section 2.18. 

“Dutch Restricted
Subsidiary” shall mean any Dutch Subsidiary that is a Restricted Subsidiary.

“Dutch Revolving
Borrowing” shall mean a Borrowing comprised of Dutch Revolving Loans. 

“Dutch Revolving
Commitment” shall mean, with respect to each Dutch Revolving Lender, the
commitment, if any, of such Lender to make Dutch Revolving Loans hereunder up to
the amount set forth and opposite such Lender’s name on Schedule 2.01
under the caption “Dutch Revolving Commitment,” or in the Assignment and
Assumption Agreement pursuant to which such Lender assumed its Dutch Revolving
Commitment, as applicable, as the same may be (a) reduced from time to time
pursuant to Section 2.07, (b) reduced or increased from time to time
pursuant to Section 2.20 and (c) reduced or increased from time to time
pursuant to assignments by or to such Lender pursuant to Section 12.04.
The aggregate amount of the Dutch Revolving Lenders’ Dutch Revolving Commitments
on the ClosingSecond Amendment Effective Date is $75,000,00090,000,000. 

“Dutch Revolving Exposure”
shall mean, with respect to any Dutch Revolving Lender at any time, the
aggregate principal amount at such time of all outstanding Dutch Revolving Loans
of such Lender, plus the aggregate amount at such time of such Lender’s Dutch LC
Exposure, plus the aggregate amount of such Lender’s Dutch Swingline Exposure.

“Dutch Revolving Lender”
shall mean any Lender under the Dutch Subfacility.

“Dutch Revolving Loans”
shall mean advances made to or at the instructions of a Dutch Borrower pursuant
to Section 2.01(iii) hereof under the Dutch Subfacility. 

“Dutch Revolving Note”
shall mean each revolving note substantially in the form of Exhibit B-3
hereto.

“Dutch Security
Agreements” shall mean (i) the Deed of Pledge Over Shares in Crown of
Holland B.V. and Tradin Organic Agriculture B.V., dated as of the Closing Date,
by and between the Collateral Agent and each of the Dutch Credit Parties party
thereto,(ii) the Deed of Pledge Over Shares in The Organic Corporation B.V., by
and between the Collateral Agent and each of the Dutch Credit Parties party
thereto, (iii) the Deed of Pledge Over 65% of the Shares in Trabocca B.V., dated
as of the Closing Date, by and between the Collateral Agent and each of the
Dutch Credit Parties party thereto, (iv) the Deed of Omnibus Pledge, dated as of
the Closing Date, by and between the Collateral Agent and each of the Dutch
Credit Parties, and (v) Deed of Pledge Over Bank Accounts dated as of the
Closing Date, by and between the Collateral Agent and each of the Dutch Credit
Parties party thereto, which in each case shall be governed by the laws of the
Netherlands. 

“Dutch Security Documents”
shall mean the Dutch Security Agreements, and, after the execution and delivery
thereof, each other document executed and delivered by any Dutch Credit Party
pursuant to which a Lien is granted (or purported to be granted) in favor of the
Collateral Agent to secure the Obligations, each document, if any, executed and
delivered by any Dutch Credit Party pursuant to the Additional Inventory
Security Actions and each document, if any, executed and delivered by any Dutch
Credit Party pursuant to the Additional Account Security Actions. 

“Dutch Subfacility” shall
have the meaning provided in the recitals hereto.

“Dutch Subsidiary” shall
mean any Subsidiary of the Company incorporated now or hereinafter under the
laws of The Netherlands. 

“Dutch Subsidiary
Guarantor” shall mean each Dutch Restricted Subsidiary (other than the Dutch
Borrowers) in existence on the Closing Date (other than any Excluded
Subsidiary), as well as each Dutch Restricted Subsidiary established, created or
acquired after the Closing Date which becomes a party to this Agreement as a
Guarantor in accordance with the requirements of the Collateral and Guarantee
Requirement. 

“Dutch Swingline
Commitment” shall mean the commitment of the Dutch Swingline Lender to make
loans under the Dutch Subfacility pursuant to Section 2.12, as the same
may be reduced from time to time pursuant to Section 2.07. 

“Dutch Swingline Exposure”
shall mean, at any time, the aggregate principal amount at such time of all
outstanding Dutch Swingline Loans. The Dutch Swingline Exposure of any Dutch
Revolving Lender at any time shall equal its Pro Rata Percentage of the
aggregate Dutch Swingline Exposure at such time. 

“Dutch Swingline Lender”
shall mean BANA (acting through its London branch), its permitted successors and
permitted assigns. 

“Dutch Swingline Loan”
shall mean any Loan made by the Dutch Swingline Lender pursuant to Section
2.12. 

“Dutch Swingline Note”
shall mean each swingline note substantially in the form of Exhibit B-6
hereto.

“Dutch Works Council Act”
shall mean the Netherlands Works Council Act (Wet op de
ondernemingsraden). 

“Dutch Works Council Act
Event” shall mean any breach of any of the obligations of any Dutch Credit
Party arising from, pursuant to or in relation to the provisions of the Dutch
Works Council Act. 

“EEA Financial
Institution” shall mean (i) any credit institution or investment firm
established in any EEA Member Country that is subject to the supervision of an
EEA Resolution Authority, (ii) any Person established in an EEA Member Country
that is a parent of an institution described in clause (i) of this definition,
or (iii) any financial institution established in an EEA Member Country that is
a subsidiary of an institution described in clauses (i) or (ii) of this
definition and is subject to consolidated supervision with its parent; 

“EEA Member Country” shall
mean any of the member states of the European Union, Iceland, Liechtenstein, and
Norway. 

“EEA Resolution Authority”
shall mean any Governmental Authority of any EEA Member Country having
responsibility for the resolution of any EEA Financial Institution. 

“Electronic Platform” shall have the meaning provided in
the definition of the term “Spot Rate”.

“Eligible Account” shall
mean, at any time, an Account created by a Borrower in the ordinary course of
its business, that arise out of its sale of goods (other than promotional
products not held for sale) or rendition of services:

 (a)          that
is subject to a perfected (or the equivalent) first priority Lien, in accordance
with the Collateral and Guarantee Requirement only, in favor of the Collateral
Agent for the benefit of the Secured Creditors pursuant to the relevant Security
Documents; 

 (b)          that
is not subject to any Lien other than (i) a Lien in favor of the Collateral
Agent for the benefit of the Secured Creditors pursuant to the relevant Security
Documents, and (ii) a Lien (if any) permitted by Section 9.01 which
Permitted Lien shall rank junior in priority to the Lien in favor of the
Collateral Agent for the benefit of the Secured Creditors pursuant to the
relevant Security Documents; 

 (c)          that
(i) is evidenced by an invoice or other documentation reasonably satisfactory to
the Administrative Agent (or in a form required by any Account Debtor so long as
such form is reasonably satisfactory to the Administrative Agent), and which has
been sent to the Account Debtor (which may include electronic transmission) and
(ii) does not represent a progress billing, sale on a bill-and-hold, guaranteed
sale, sale-and-return, sale on approval, consignment, cash-on-delivery or any
other repurchase or return basis; 

 (d)          the
Account Debtor of which is an Eligible Account Debtor and is not an Affiliate of
any Borrower; 

 (e)          that
is not owing from an Account Debtor that is an agency, department or
instrumentality of the federal government of the United States, any government
of any state thereof, of the federal government of Canada, or the government of
any province, territory or subdivision thereof or, to the extent applicable and subject to
Requirement of Law having similar effect to the Assignment of Claims Act of 1940
or the Financial Administration Act (Canada), that is an agency, department or
instrumentality of the government of any country other than the United States or
Canada unless (A) the applicable Borrower shall have satisfied the requirements
of (x) the Assignment of Claims Act of 1940 in the case of Accounts owing from
any agency, department or instrumentality of the federal government of the
United States, (y) the Financial Administration Act (Canada) in the case of
Accounts owing from an agency, department or instrumentality of the federal
government of Canada or (z) if applicable, any similar state, provincial,
territorial, or subdivision legislation or any similar foreign legislation, in
the case of Accounts owing from any other applicable government agency,
department or instrumentality; and, in each such case, the Administrative Agent
is satisfied as to the absence of setoffs, counterclaims and other defenses on
the part of such Account Debtor; 

 (f)          that
  is not subject to any late payment for longer than 60 days according to its
  original terms of sale or 90 days after the date of the original invoice
therefor; 

 (g)         that
is not the obligation of an Account Debtor (other than an individual) of which
50% or more of the Dollar Equivalent amount of all Accounts owing by such
Account Debtor are, based on the most recent Borrowing Base Certificate,
ineligible under the criteria set forth in clause (f) above; 

 (h)         that
is not subject to any deduction, offset, counterclaim, defense or dispute (other
than (i) sales discounts given in the ordinary course of the applicable
Borrower’s business and reflected in the amount of such Account as set forth in
the invoice or other supporting material therefor or (ii) an offset or
counterclaim of a nature specifically addressed in the determination of the
applicable Borrowing Base); provided, however, that if an Account
satisfies all of the requirements of an Eligible Account other than this
clause (h), such Account shall be an Eligible Account, but only to the
extent of the amount of such Account that exceeds any such deduction, offset,
counterclaim, defense or dispute or other conditions; provided that, if
the Administrative Agent in its Permitted Discretion has established an
appropriate Reserve and determines to include such Account as an Eligible
Account or such Account Debtor has entered into an agreement reasonably
acceptable to the Administrative Agent to waive such rights, such Account shall
be included as an Eligible Account. 

 (i)          that
is denominated and payable only in Dollars, Canadian Dollars, Euros, Pounds
Sterling or Swiss Francs; 

 (j)          such
Account is not a true and correct statement of bona fide indebtedness
incurred in the amount of the Account for merchandise sold to or services
rendered and accepted by the applicable Account Debtor; 

 (k)         that,
together with the contract evidencing such Account, does not contravene in any
material respect any Requirement of Law applicable thereto (including, without
limitation, Requirement of Law relating to usury, consumer protection, truth in
lending, fair credit billing, fair credit reporting, equal credit opportunity,
fair debt collection practices and privacy) in a manner that would affect the
enforceability of such Account and with respect to which none of the Borrowers
or the Account Debtor is in violation of any such Requirement of Law in any
material respect in a manner that would affect the enforceability of such
Account; 

 (l)          that
arises under a contract which restricts in a legally enforceable manner the
ability of the Administrative Agent, Collateral Agent or Lenders to exercise
their rights under the Credit Documents, including, without limitation, their right to
review the related invoice or the payment terms of such contract; 

 (m)          in
  the case of an Account originated by a Canadian Borrower, the Account Debtor of
  which has a billing address in Canada and that was not issued for an amount in
  excess of the Fair Market Value of the merchandise or services provided by the
Canadian Borrower to which the Account relates; 

 (n)          that,
when aggregated with all other Accounts of the same Account Debtor, is not in
excess of 15.0% of all Eligible Accounts (but
the portion of the Accounts not in excess of such concentration limit shall not
be deemed ineligible due to this clause (n)); 

 (o)          that,
during any Cash Dominion Period, and solely with respect to Account Debtors in
Account Debtor Approved Countries other than (x) the United States, the
Netherlands, and Canada and (y) such other Account Debtor Approved Countries in
which the Additional Account Security Actions have been satisfied with respect
thereto, does not, when taken together with the Accounts originated by
applicable Borrowers owed by Account Debtors in all such jurisdictions, comprise
more than 33% of all Eligible Accounts included in the Borrowing Base for any
particular Subfacility (it being understood the portion of such Accounts not in
excess of such limit shall not be deemed ineligible due to this clause (o));

 (p)          that
Accounts are not subject to, or included or expected to be included, as part of
an accounts receivable factoring program or supply chain financing program; and

 (q)          (i)
the Account Debtor obligated upon such Account has not notified any Borrower or
the Administrative Agent that it has suspended business, or made a general
assignment for the benefit of creditors or has failed to pay its debts generally
as they come due, and (ii) no petition is filed by or against the Account Debtor
obligated upon such Account under any Debtor Relief Law. 

With respect to any Accounts
eligible for inclusion in the Borrowing Base (as reasonably determined by the
Company in consultation with the Administrative Agent) that are acquired by a
Borrower (other than from another Borrower, but including any Accounts of any
Person that has become a Borrower) after the Closing Date in a Permitted
Acquisition or similar Investment, such acquired Accounts may be included in the
applicable Borrowing Base from and after the acquisition thereof without the
Administrative Agent having completed a Field Examination with respect thereto,
so long as (i) all acquired Accounts included in the applicable Borrowing Base
for which an Appraisal and/or Field Examination, as applicable, with respect
thereto has not been completed by the Administrative Agent does not represent
more than 10% of the applicable Borrowing Base (when taken together with any
Inventory included in the Borrowing Base pursuant to the last paragraph of the
definition of the term “Eligible Inventory”) and (ii) the Collateral and
Guarantee Requirement shall be satisfied with respect to the applicable Borrower
or Guarantor or such Accounts. With respect to any Accounts of the type eligible
for inclusion in the Borrowing Base that are acquired by a Borrower (other than
from another Borrower, but including any Accounts of any Person that has become
a Borrower) after the Closing Date in a Permitted Acquisition or similar
Investment and not otherwise included in the Borrowing Base by virtue of the
provisions of the preceding sentence, such acquired Accounts shall be included
in the applicable Borrowing Base only after completion of a Field Examination
with respect thereto by the Administrative Agent, unless the Administrative
Agent shall have determined in its discretion that no such due diligence
investigation with regard to such Accounts is required. 

“Eligible Account Debtor” shall mean an Account Debtor
that:

 (i)          has
a billing address in an Account Debtor Approved Country;

 (ii)         is
not a Person with respect to which the European Union, the United States,
Canada, the Netherlands or any other Account Debtor Approved Country shall have
imposed Sanctions; 

 (iii)        is
not a Person (A) that is listed in the annex to, or otherwise subject to the
provisions of, the Executive Order, (B) that is owned or controlled by, or
acting for or on behalf of, any Person that is listed in the annex to, or is
otherwise subject to the provisions of, the Executive Order, (C) with which a
Lender or a Borrower is prohibited from dealing or otherwise engaging in any
transaction by any Anti-Terrorism Law, AML Legislation, PCMLTFA or DMLTFPA, (D)
that commits, threatens or conspires to commit or supports “terrorism” as
defined in the Executive Order, or (E) that is named as a “specifically
designated national and blocked person” on the most current list published by
the U.S. Treasury Department Office of Foreign Assets Control at its official
website or any replacement website or other replacement official publication of
such list or any similar lists published in the European Union, Canada (that
include “designated persons”, “politically exposed foreign person” or “terrorist
group” as described in Anti-Terrorism Laws of Canada, collectively, “Canadian
Blocked Persons”) or any other Account Debtor Approved Country; and 

 (iv)        is
not a Person (A) whose property or interest in property is otherwise blocked or
subject to blocking pursuant to Section 1 of the Executive Order or any other
Anti-Terrorism Law, or (B) that engages in any dealings or transactions
prohibited by Section 2 of the Executive Order or any other Anti-Terrorism Law,
AML Legislation, PCMLTFA or DMLTFPA. 

“Eligible Assignee” shall
mean a Person that is (a) a Lender, Affiliate of a Lender or Approved Fund; (b)
an assignee approved by the Company which shall be deemed given if no objection
is made within fifteen Business Days after written notice of the proposed
assignment is received by the Company from the Administrative Agent), the
Administrative Agent, the applicable Swingline Lender and the applicable Issuing
Bank (which approval shall not be unreasonably withheld or delayed); or (c)
during an Event of Default by the Company or any other Borrower under Section
10.01 or 10.05, any Person acceptable to the Administrative Agent,
the applicable Swingline Lender and the applicable Issuing Bank in (which
approval shall not be unreasonably withheld or delayed); provided that no
Person who is not a Non-Public Lender shall be an Eligible Assignee. 

“Eligible Canadian
Accounts” shall mean the Eligible Accounts owned by the Canadian Borrowers.

“Eligible Canadian
Equipment” shall mean the Eligible Equipment owned by the Canadian
Borrowers. 

“Eligible Canadian
Inventory” shall mean the Eligible Inventory owned by the Canadian
Borrowers. 

“Eligible Canadian Real
Estate” shall mean the Eligible Fee-Owned Real Estate owned by the Canadian
Borrowers. 

“Eligible Dutch Accounts”
shall mean the Eligible Accounts owned by the Dutch Borrowers.

“Eligible Dutch Inventory”
shall mean the Eligible Inventory owned by the Dutch Borrowers.

“Eligible Equipment” shall
mean, at any time, the Equipment of the Borrowers, but excluding any Equipment:

 (a)          that
is not subject to a perfected (or equivalent) first priority Lien, in accordance
with the Collateral and Guarantee Requirement only, in favor of the Collateral
Agent for the benefit of the Secured Creditors pursuant to the relevant Security
Documents; 

 (b)          that
is subject to any Lien other than (i) a Lien in favor of the Collateral Agent
for the benefit of the Secured Creditors pursuant to the relevant Security
Documents and (ii) a Lien (if any) permitted by Section 9.01 which
Permitted Lien shall rank junior in priority to the Lien in favor of the
Collateral Agent for the benefit of the Secured Creditors pursuant to the
relevant Security Documents; 

 (c)          that
is determined, based on the applicable Borrowers’ historical practices and
procedures, in each case, which are reasonably acceptable to the Administrative
Agent (it being understood that the Borrowers’ historical practices and
procedures, as of the Closing Date, are reasonably acceptable to the
Administrative Agent), to be obsolete, damaged or defective or is not in good
order and repair and used or useable in the ordinary course of the applicable
Borrower’s business; 

 (d)          that
does not conform in any material respect to all applicable standards imposed by
any Governmental Authority, including the Fair Labor Standards Act of 1938 and
the Employment Standards Act (Ontario) that would affect the ability of the
Collateral Agent to sell such Equipment; 

 (e)          in
which any Person other than such Borrower or any other applicable Borrower shall
(i) have any direct or indirect ownership, interest or title (including any
retention of title right) to such Equipment, other than in respect of the
interest of any carrier of Equipment in transit or (ii) be indicated on any
purchase order or invoice with respect to such Equipment as having or purporting
to have an interest therein;

 (f)          
that is not located in the United States or Canada; 

 (g)          that
(i) is located in any location leased by an applicable Borrower unless the
Administrative Agent has given its prior written consent thereto or unless (A)
the lessor has delivered to the Administrative Agent a Collateral Access
Agreement or such other documentation as the Administrative Agent may reasonably
require in its Permitted Discretion or the Administrative Agent or its counsel
may deem reasonably necessary in the jurisdiction of such Equipment’s location
or (B) a Rent Reserve with respect to such location has been established by the
Administrative Agent in its Permitted Discretion; or (ii) is located at an owned
location subject to a mortgage or other security interest in favor of a creditor
(other than any such mortgage or other security interest that constitutes a
Permitted Lien), or is located in any third party warehouse or other storage
facility or is in the possession of a bailee unless (A) such mortgagee,
warehouseman or bailee has delivered to the Administrative Agent a Collateral
Access Agreement or such other documentation as the Administrative Agent may
reasonably require in its Permitted Discretion or the Administrative Agent or
its counsel may reasonably deem necessary in the jurisdiction of such
Equipment’s location or (B) a Rent Reserve with respect to such location has
been established by the Administrative Agent in its Permitted Discretion; 

 (h)         which
is located at an outside repair facility (unless payables in respect thereof are
reserved); 

 (i)          that
constitutes “fixtures” unless located on Real Property owned by Borrower and on
which a mortgage (or similar security interest) has been given in favor of the
Collateral Agent for the benefit of the Secured Creditors;

 (j)          for
which reclamation rights have been called in by the seller; 

 (j)          that
is not covered by casualty insurance as and to the extent required by the terms
of this Agreement; and

 (k)          that
is otherwise designated by the Company as “ineligible” by written notice to the
Administrative Agent or in any Borrowing Base Certificate delivered to the
Administrative Agent. 

“Eligible Fee-Owned Real
Estate” shall mean Real Property that (i) is owned by a U.S. Borrower or a
Canadian Borrower in fee title in the United States or Canada, (ii) is at all
times subject to the Collateral Agent’s duly perfected, first-priority security
interest (subject only to Liens permitted by Section 9.01) pursuant to
Mortgages and other Related Real Estate Documents in form and substance
reasonably satisfactory to the Administrative Agent and any other Lender whose
consent is required hereunder (it being understood that no Real Property owned
as of the Closing Date shall constitute Eligible Fee-Owned Real Estate until the
requirements of Section 8.11 have been met with respect to such Real Property)
and not subject to any other Lien except a Permitted Lien, (iii) conforms in all
material respects to the representations and warranties relating to such Real
Property set forth in this Agreement and the Security Documents, (iv) solely
with respect to Real Property owned by a U.S. Borrower or a Canadian Borrower on
the Closing Date, as set forth on Schedule 5.15 (it being agreed that (x) the
Real Property set forth on Schedule 5.15 shall be deemed to have been appraised
by a third-party appraiser reasonably satisfactory to the Administrative Agent
not more than three months prior to the Closing Date and (y) the Appraisals with
respect to the Real Property set forth on Schedule 5.15 shall be deemed to have
been prepared on a basis reasonably satisfactory to the Administrative Agent and
any other Lender whose consent is required hereunder) and (v) solely with
respect to Real Property owned by any U.S. Borrower or Canadian Borrower that is
not set forth on Schedule 5.15, (x) has been appraised by a third-party
appraiser reasonably satisfactory to the Administrative Agent and (y) for which
the Appraisals with respect thereto shall have been prepared on a basis
reasonably satisfactory to the Administrative Agent and any other Lender whose
consent is required hereunder; provided that Eligible Fee-Owned Real
Estate shall exclude any Real Property that is otherwise designated by the
Company as “ineligible” by written notice to the Administrative Agent or in any
Borrowing Base Certificate delivered to the Administrative Agent. 

“Eligible Insured and Letter
of Credit Backed Account” shall mean an Account created by a Borrower in the
ordinary course of its business, that is either (i) fully insured (to the extent
provided for therein) by credit insurance reasonably satisfactory to the
Administrative Agent or (ii) secured by a letter of credit reasonably acceptable
to the Administrative Agent which, upon the request of the Administrative Agent
during a Cash Dominion Period, has been assigned to the Collateral Agent in a
manner reasonably satisfactory to the Administrative Agent, and otherwise
qualifies as an “Eligible Account” hereunder, but for the failure of the Account
Debtor to be located in an Account Debtor Approved Country. 

“Eligible In-Transit
Inventory” shall mean Inventory owned by a Borrower that would meet all of
the criteria of “Eligible Inventory” if it were not in transit from any location
to a location of such Borrower within the Inventory Approved Countries. Without
limiting the foregoing, no Inventory shall be Eligible In-Transit Inventory unless (a) except as otherwise
agreed by the Administrative Agent, such Inventory is either (i) subject to a
negotiable document of title and such document of title shows the Administrative
Agent (or, with the consent of the Administrative Agent, the applicable Credit
Party) as consignee, and the Administrative Agent has control over such document
of title which evidences ownership of the subject Inventory (including by the
delivery of customs broker agreements in a form and substance reasonably
acceptable to the Administrative Agent) or (ii) for Inventory in transit to a
location within the United States or Canada only, subject to a non-negotiable
document of title, and such document of title shows the Administrative Agent as
consignee, which document is in possession of the Administrative Agent or such
other Person (including any Borrower) as the Administrative Agent shall approve;
(b) such Inventory is insured in accordance with the provisions of this
Agreement and the other Credit Documents, including, if applicable, marine cargo
insurance; (c) such Inventory has been identified to the applicable sales
contract and title has passed to the applicable Borrower; (d) such Inventory is
not sold by a vendor that has a right to reclaim, divert shipment of, repossess,
stop delivery, claim any reservation of title or otherwise assert Lien rights
against the Inventory or with respect to which any Borrower is in default of any
obligations; (e) such Inventory is subject to customary purchase orders and
other sale documentation consistent with such Borrower’s ordinary course of
dealing; and (f) such Inventory is shipped by a common carrier that is not
affiliated with the vendor and has not been acquired from a Person (i) that is
listed in the annex to, or otherwise subject to the provisions of, the Executive
Order, (ii) that is owned or controlled by, or acting for or on behalf of, any
Person that is listed in the annex to, or is otherwise subject to the provisions
of, the Executive Order, (iii) with which a Lender or a Borrower is prohibited
from dealing or otherwise engaging in any transaction by any Anti-Terrorism Law,
AML Legislation, PCMLTFA or DMLTFPA, (iv) that commits, threatens or conspires
to commit or supports “terrorism” as defined in the Executive Order, (v) that is
a Canadian Blocked Persons or (vi) that is named as a “specifically designated
national and blocked person” on the most current list published by the U.S.
Treasury Department Office of Foreign Assets Control at its official website or
any replacement website or other replacement official publication of such list
or any similar lists published in the European Union. The aggregate Eligible
In-Transit Inventory shall not exceed $25,000,000 at any time. The
Administrative Agent, in its Permitted Discretion, shall have the ability to
establish Reserves for landing costs if such Eligible In-Transit Inventory is
coming from a jurisdiction outside the Inventory Approved Countries. 

“Eligible Inventory”
  shall mean, at any time, Eligible In-Transit Inventory and Inventory of
the Borrowers, but excluding any Inventory: 

 (a)          that
is not subject to a perfected (or the equivalent) first priority Lien (in
accordance with (x) the Collateral and Guarantee Requirement, in the case of any
Inventory located in the United States, Canada or the Netherlands and (y) the
Additional Inventory Security Actions, in the case of any Inventory located in
France, Germany or the United Kingdom) in favor of the Collateral Agent for the
benefit of the Secured Creditors pursuant to the relevant Security Documents;

 (b)          that
is subject to any Lien other than (i) a Lien in favor of the Collateral Agent
for the benefit of the Secured Creditors pursuant to the relevant Security
Documents, and (ii) a Lien (if any) permitted by Section 9.01 which
Permitted Lien shall rank junior in priority to the Lien in favor of the
Collateral Agent for the benefit of the Secured Creditors pursuant to the
relevant Security Documents; 

 (c)          that
is determined, based on the applicable Borrowers’ historical practices and
procedures, in each case, which are reasonably acceptable to the Administrative
Agent (it being understood that the Borrowers’ historical practices and
procedures, as of the Closing Date, are reasonably satisfactory to the
Administrative Agent), to be slow moving, obsolete, unmerchantable, damaged, “seconds”, defective, used, unfit for
sale, or unacceptable due to age, type, category or quantity; 

 (d)          that
  does not conform in any material respect to all applicable standards imposed by
  any Governmental Authority having regulatory authority over such Inventory or
  its use or sale, including the Fair Labor Standards Act of 1938, Employment
  Standards Act (Ontario) and the Dutch Labour Standards Acts, which
  non-conformity would affect the ability of the applicable Borrowers to sell such
Inventory; 

 (e)          
in which any Person other than such Borrower or any other applicable Borrower
shall (i) have any direct or indirect ownership, interest or title (including
any retention of title right) to such Inventory, other than in respect of the
interest of any carrier of Inventory in transit or (ii) be indicated on any
purchase order or invoice with respect to such Inventory as having or purporting
to have an interest therein; 

 (f)          
except with respect to Eligible In-Transit Inventory, that is not located in an
Inventory Approved Country, or is in transit (other than between locations in or
between Inventory Approved Countries, controlled by the applicable Borrowers, to
the extent included in current perpetual Inventory reports of any such
Borrower); 

 (g)          except
with respect to Eligible In-Transit Inventory, that, unless in transit between
locations in or between Inventory Approved Countries, controlled by the
applicable Borrowers, and included in current perpetual Inventory reports of any
such Borrower, (i) is located in any location leased by an applicable Borrower
unless the Administrative Agent has given its prior written consent thereto or
unless (A) the lessor has delivered to the Administrative Agent a Collateral
Access Agreement or such other documentation as the Administrative Agent may
reasonably require in its Permitted Discretion or the Administrative Agent or
its counsel may deem reasonably necessary in the jurisdiction of such
Inventory’s location or (B) a Rent Reserve with respect to such location has
been established by the Administrative Agent in its Permitted Discretion; (ii)
is located at an owned location subject to a mortgage or other security interest
in favor of a creditor (other than any such mortgage or other security interest
that constitutes a Permitted Lien), or is located in any third party warehouse
or other storage facility or is in the possession of a bailee unless (A) such
mortgagee, warehouseman or bailee has delivered to the Administrative Agent a
Collateral Access Agreement and such other documentation as the Administrative
Agent may reasonably require in its Permitted Discretion or the Administrative
Agent or its counsel may deem reasonably necessary in the jurisdiction of such
Inventory’s location or (B) a Rent Reserve has been established by the
Administrative Agent in its Permitted Discretion; or (iii) is located in any
location where the aggregate Eligible Inventory is less than $100,000; 

 (h)          except
with respect to Eligible In-Transit Inventory consigned to the Administrative
Agent (or another Person permitted by the terms of the definition of “Eligible
InTransit Inventory” with the Administrative Agent’s consent), that is the
subject of a consignment; 

 (i)          
Inventory that is subject to any licensing, patent, royalty, trademark, trade
name or copyright agreement with any third party from which the Company or any
of its Subsidiaries has received notice of a dispute in respect of any such
agreement; 

 (j)          
that is not reflected in a current Inventory report of such Borrower; 

(k)           for
  which reclamation rights have been called in by the seller; 

 (l)          that
consists of samples, promotional materials, labels, packaging materials or
similar supplies used in a Borrower’s business; 

 (m)        that
is not covered by casualty insurance as and to the extent required by the terms
of this Agreement; 

 (n)         that
consists of Hazardous Materials or goods that can be transported or sold only
with licenses that are not readily available; 

 (o)         in
which any portion of the Cost of such Inventory is attributable to intercompany
profit between any such Borrower and any of its Affiliates (but only to the
extent of such portion); or 

 (p)         that
has been sold but not yet delivered, or as to which a Borrower has accepted a
deposit, or which, in the case of Inventory owned by the Dutch Borrowers, has
been sold or constructively delivered to Account Debtors. 

With respect to any Inventory
eligible for inclusion in the Borrowing Base (as reasonably determined by the
Company in consultation with the Administrative Agent) that are acquired by a
Borrower (other than from another Borrower, but including any Inventory of any
Person that has become a Borrower) after the Closing Date in a Permitted
Acquisition or similar Investment, such acquired Inventory may be included in
the applicable Borrowing Base from and after the acquisition thereof without the
Administrative Agent having completed an Appraisal with respect thereto, so long
as (i) all acquired Inventory included in the applicable Borrowing Base for
which an Appraisal, as applicable, with respect thereto has not been completed
by the Administrative Agent does not represent more than 10% of the applicable
Borrowing Base (when taken together with any Accounts included in the Borrowing
Base pursuant to the last paragraph of the definition of the term “Eligible
Accounts”), (ii) the Collateral and Guarantee Requirement shall have been
satisfied with respect to the applicable Borrower or Guarantor and (iii) (x) in
the case of any Inventory located in the United States, Canada, or the
Netherlands, the Collateral and Guarantee Requirement shall have been satisfied
with respect to such Inventory or (y) in the case of any Inventory located in
the United Kingdom, Germany or France, the Additional Inventory Security Actions
shall have been satisfied with respect to such Inventory. With respect to any
Inventory of the type eligible for inclusion in the Borrowing Base that are
acquired by a Borrower (other than from another Borrower, but including any
Inventory of any Person that has become a Borrower) after the Closing Date in a
Permitted Acquisition or similar Investment and not otherwise included in the
Borrowing Base by virtue of the provisions of the preceding sentence, such
acquired Inventory shall be included in the applicable Borrowing Base only after
completion of an Appraisal with respect thereto by the Administrative Agent,
unless the Administrative Agent shall have determined in its discretion that no
such due diligence investigation with respect to such Inventory is required.

“Eligible U.S. Accounts”
shall mean the Eligible Accounts owned by the U.S. Borrowers. 

“Eligible U.S. Equipment”
shall mean the Eligible Equipment owned by the U.S. Borrowers. 

“Eligible U.S. Inventory”
shall mean the Eligible Inventory owned by the U.S. Borrowers. 

“Eligible U.S. Real
Estate” shall mean the Eligible Fee-Owned Real Estate owned by the U.S.
Borrowers. 

“English Control
Agreement” shall mean any Deposit Account Control Agreement governed by
English law over the Dutch Dominion Account and the Dutch Collection Account to
be entered into among the Dutch Credit Parties party thereto and the Collateral
Agent, for the benefit of the Secured Creditors and the account bank maintaining
the account. 

“Environment” shall mean
  ambient air, indoor air, surface water, groundwater, drinking water, land
  surface and sub-surface strata, sediments and natural resources such as
wetlands, flora and fauna. 

“Environmental Claims”
shall mean any and all administrative, regulatory or judicial actions, suits,
demands, demand letters, directives, claims and/or notices of noncompliance or
violation, relating to any Environmental Law or, any permit issued, or any
approval given, under any such Environmental Law, including, without limitation,
(a) by governmental or regulatory authorities for enforcement investigation,
cleanup, removal, response, remedial or other actions or damages pursuant to any
applicable Environmental Law, and (b) by any third party seeking damages,
contribution, indemnification, cost recovery, compensation or injunctive relief
arising out of or relating to an alleged injury or threat of injury to human
health or the Environment due to any Release or threat of Release of any
Hazardous Materials. 

“Environmental Law” shall
mean any applicable federal, state, provincial, foreign, municipal, local or
foreign Requirement of Law, which, for the avoidance of doubt, shall include any
ordinance, code and rule of common law, including any judicial or administrative
order, consent decree or judgment relating to pollution or protection of the
Environment, occupational safety or of human health as affected by exposure to
Hazardous Materials, including those relating to the manufacture, generation,
handling, transport, storage, treatment, Release or threat of Release of
Hazardous Materials. 

“Environmental Liability”
shall mean any liability, loss, damage, claims and expense arising under or
relating to any Environmental Law including those arising from or relating to:
(a) compliance or non-compliance with any Environmental Law or permit, license
or approval issued thereunder, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c)
exposure to any Hazardous Materials, (d) the Release or threat of Release of any
Hazardous Materials or (e) any contract, agreement or other consensual
arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing. 

“Equity Interests” shall
mean Capital Stock and all warrants, options or other rights to acquire Capital
Stock, but excluding any debt security that is convertible into, or exchangeable
for, Capital Stock. 

“ERISA” shall mean the
Employee Retirement Income Security Act of 1974, as amended from time to time,
and, unless the context indicates otherwise, the regulations promulgated and
rulings issued thereunder. Section references to ERISA are to ERISA as in effect
at the date of this Agreement and any successor Section thereof. 

“ERISA Affiliate” shall
mean each trade or business (whether or not incorporated) which together with
any Credit Party would be deemed to be a “single employer” within the meaning of
Section 414(b) or (c) of the Code and, solely with respect to Section 412 of the
Code, within the meaning of Sections 414(b), (c), (m) or (o) of the Code.

“ERISA Event” shall mean
(a) any “reportable event,” as defined in Section 4043 of ERISA or the
regulations issued thereunder, but excluding any event for which the 30-day
notice period is waived with respect to a Plan, (b) any failure to make a
required contribution to any Plan or Multiemployer Plan that would result in the
imposition of a Lien or other encumbrance or the failure to satisfy the minimum
funding standards set forth in Sections 412 or 430 of the Code or Section 302 or
303 of ERISA with respect to a Plan, (c) the incurrence by the Company, a
Restricted Subsidiary, or an ERISA Affiliate of any liability under Title IV of
ERISA with respect to the termination of any Plan or with respect to the withdrawal or partial withdrawal (including under Section
4062(e) of ERISA) of any of the Company, a Restricted Subsidiary, or an ERISA
Affiliate from any Plan or Multiemployer Plan, (d) the receipt by the Company, a
Restricted Subsidiary, or an ERISA Affiliate from the PBGC or a plan
administrator of any notice of intent to terminate any Plan or Multiemployer
Plan or to appoint a trustee to administer any Plan, (e) a determination that a
Multiemployer Plan is insolvent, within the meaning of Title IV of ERISA, (f)
the occurrence of any non-exempt “prohibited transaction” (within the meaning of
Section 406 of ERISA or Section 4975 of the Code) with respect to which the
Company or any Restricted Subsidiary could reasonably be expected to have
liability, (g) the occurrence of any event or condition which constitutes
grounds under Section 4042 of ERISA for the termination of any Plan or the
appointment of a trustee to administer any Plan, (h) the filing of any request
for or receipt of a minimum funding waiver under Section 412(c) of the Code with
respect to any Plan or Multiemployer Plan, (i) a determination that any Plan is
in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section
430(i)(4) of the Code) or (j) the receipt by the Company, a Restricted
Subsidiary or any ERISA Affiliate of any notice that a Multiemployer Plan is, or
is expected to be, in endangered or critical status under Section 305 of
ERISA. 

“EU Bail-In Legislation
  Schedule” means the EU Bail-In Legislation Schedule published by the Loan
  Market Association (or any successor person), as in effect from time to time.

“Euro” and “€” mean
the single currency of the Participating Member States. 

“Eurocurrency Rate” shall
mean with respect to any Credit Extension: 

 (i)          denominated
in a LIBOR Quoted Currency, the rate per annum (rounded up to the nearest
1/100th of 1%) equal to the London Interbank Offered Rate
(“LIBOR”) or a comparable or successor rate which rate is approved by the
applicable Administrative Agent, as published on the applicable Reuters screen
page (or such other commercially available source providing such quotations as
may be designated by the applicable Administrative Agent from time to time) at
approximately 11:00 a.m., Local Time, two Business Days prior to the
commencement of any Interest Period (or, in the case of any Credit Extension
denominated in Pounds Sterling, approximately 11:00 a.m., Local Time, on the
first day of any Interest Period), for deposits in the relevant currency (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period; 

 (ii)         denominated
in Canadian Dollars, the rate per annum equal to the Canadian Dealer Offered
Rate (“CDOR”), or a comparable or successor rate which rate is approved
by the applicable Administrative Agent, as published on the applicable Bloomberg
screen page (or such other commercially available source providing such
quotations as may be designated by the applicable Administrative Agent from time
to time) at or about 10:00 a.m. (Local Time) on the Rate Determination Date with
a term equivalent to such Interest Period; and 

 (iii)        denominated
in any other Non-LIBOR Quoted Currency, the rate per annum as designated with
respect to such Alternative Currency at the time such Alternative Currency is
approved by the applicable Administrative Agent and the Lenders pursuant to
Section 1.08(a); 

provided that, to the extent a comparable or successor
rate is approved by the applicable Administrative Agent in connection with any
rate set forth in this definition, the approved rate shall be applied in a
manner consistent with market practice; provided, further that to
the extent such market practice is not administratively feasible for the
applicable Administrative Agent, such approved rate shall be applied in a manner
as otherwise reasonably determined by the applicable Administrative Agent; and
if the Eurocurrency Rate shall be less than zero, such rate shall be deemed zero
for purposes of this Agreement.

“Eurocurrency Rate Loan”
shall mean Loans that bears interest at a rate based on clause (a) of the
definition of the term “Eurocurrency Rate.” Eurocurrency Rate Loans may be
denominated in Dollars or in an Alternative Currency.

“European Base Rate” shall
mean, with respect to Euros, Pounds Sterling, Swiss Francs and Dollars, funded
outside the United States, the Eurocurrency Rate for a one--month period on such
date, plus 1.00%, provided that, to the extent a comparable or
successor rate is approved by the applicable Administrative Agent in connection
herewith, the approved rate shall be applied in a manner consistent with market
practice; provided, further that to the extent such market
practice is not administratively feasible for the applicable Administrative
Agent, such approved rate shall be applied in a manner as otherwise reasonably
determined by the applicable Administrative Agent. Any change in such rate shall
take effect at the opening of business on the day of such change. 

“European Base Rate Loan”
shall mean a floating rate borrowing under the Dutch Subfacility that bears
interest based on the European Base Rate. 

“Event of Default” shall
have the meaning provided in Section 11.

“Exchange Act” shall mean
the Securities Exchange Act of 1934, as amended, and the rules and regulations
of the SEC promulgated thereunder. 

“Excluded Account” shall
mean a Deposit Account (i) which is used for the purposes of making payroll and
withholding tax payments related thereto and other employee wage and benefit
payments and accrued and unpaid employee compensation (including salaries,
wages, bonuses, benefits and expense reimbursements), (ii) which is used for the
sole purpose of paying or remitting taxes, including sales taxes, (iii) which is
used solely as an escrow account or as a fiduciary or trust account, (iv) the
aggregate average daily balance in which (in each case determined for the most
recently completed calendar month) does not at any time exceed $1,000,000 in the
aggregate for all such Deposit Accounts or (v) containing solely the proceeds of
borrowings or issuances of Indebtedness, including Borrowings of Loans
hereunder. 

“Excluded Assets” shall
have the meaning provided in the definition of the term “Collateral and
Guarantee Requirement.” 

“Excluded Subsidiary”
shall mean (a) each Immaterial Subsidiary, (b) each Subsidiary that is not a
Wholly-Owned Subsidiary on any date such Subsidiary would otherwise be required
to become a Guarantor pursuant to the requirements of Section 8.10 (for
so long as such Subsidiary remains a non-Wholly-Owned Subsidiary), (c) each
Subsidiary (i) that is prohibited by any applicable Requirement of Law or
Contractual Requirement (with respect to any such Contractual Requirement, only
to the extent existing on the Closing Date or on the date such Person becomes a
Subsidiary of the Company and not entered into in contemplation thereof) from
guaranteeing the Obligations (and for so long as such restriction or any
replacement or renewal thereof is in effect), (ii) that would require consent,
approval, license or authorization to provide a Guarantee of the Obligations
from a Governmental Authority (unless such consent, approval, license or
authorization has been received) or for which the provision of such Guarantee
would result in material adverse tax consequences to the Company or one or more
of its Subsidiaries (as reasonably determined by the Company in consultation
with the Administrative Agent) or (iii) that is a CFC (or a Subsidiary of a CFC)
or FSHCO, (d) any other Subsidiary with respect to which, in the reasonable
judgment of the Administrative Agent and the Borrower, as agreed in writing, the
cost or other consequences of providing a Guarantee of the Obligations would be
excessive in view of the benefits to be obtained by the Lenders therefrom, (e)
each Unrestricted Subsidiary, (f) any Restricted Subsidiary acquired pursuant to
a Permitted Acquisition or other Investment permitted hereunder and financed with secured Indebtedness permitted to be incurred
pursuant to Section 9.04, and each Restricted Subsidiary acquired in such
Permitted Acquisition or other Investment permitted hereunder that guarantees
such secured Indebtedness, in each case, to the extent that, and for so long as,
the documentation relating to such secured Indebtedness to which such Subsidiary
is a party prohibits such Subsidiary from guaranteeing the Obligations and such
prohibition was not created in contemplation of such Permitted Acquisition or
other Investment permitted hereunder and (g) any special purpose entity
(including any not-for-profit entity). 

“Excluded Swap Obligation”
  shall mean, with respect to any Guarantor, (a) any Swap Obligation if, and to
  the extent that, all or a portion of the guarantee of such Guarantor pursuant to
  the Guarantee of, or the grant by such Guarantor of a security interest to
  secure, such Swap Obligation (or any guarantee pursuant to the Guarantee
  thereof) is or becomes illegal or unlawful under the Commodity Exchange Act or
  any rule, regulation, or order of the Commodity Futures Trading Commission (or
  the application or official interpretation of any thereof) (i) by virtue of such
  Guarantor’s failure to constitute an “eligible contract participant,” as defined
  in the Commodity Exchange Act and the regulations thereunder (determined after
  giving pro forma effect to any applicable keep well, support, or other agreement
  for the benefit of such Guarantor and any and all applicable guarantees of such
  Guarantor’s Swap Obligations by other Credit Parties), at the time the guarantee
  of (or grant of such security interest by, as applicable) such Guarantor becomes
  or would become effective with respect to such Swap Obligation or (ii) in the
  case of a Swap Obligation that is subject to a clearing requirement pursuant to
  section 2(h) of the Commodity Exchange Act, because such Guarantor is a
  “financial entity,” as defined in section 2(h)(7)(C) of the Commodity Exchange
  Act, at the time the guarantee of (or grant of such security interest by, as
  applicable) such Guarantor becomes or would become effective with respect to
  such Swap Obligation or (b) any other Swap Obligation designated as an “Excluded
  Swap Obligation” of such Guarantor as specified in any agreement between the
  relevant Credit Parties and counterparties to such Swap Obligations. If a Swap
  Obligation arises under a master agreement governing more than one Swap, such
  exclusion shall apply only to the portion of such Swap Obligation that is
  attributable to the Swap for which such guarantee or security interest is or
becomes excluded in accordance with the first sentence of this definition. 

“Excluded Taxes” shall
mean, with respect to the Administrative Agent, any Lender, or any other
recipient of any payment to be made by or on account of any obligation of any
Credit Party under any Credit Document, (a) income Taxes imposed on (or measured
by) its net income and franchise (and similar) Taxes imposed on it in lieu of
net income Taxes by a jurisdiction (or any political subdivision thereof) as a
result of (i) such recipient being organized or having its principal office or
applicable lending office in such jurisdiction or (ii) any other present or
former connection between such recipient and such jurisdiction (other than a
connection arising from such Administrative Agent, Lender or other recipient
having executed, delivered, become a party to, performed its obligations under,
received payments under, received or perfected a security interest under,
engaged in any other transaction pursuant to or enforced any Credit Document, or
sold or assigned an interest in any Loan or Credit Document), (b) any branch
profits Taxes under Section 884(a) of the Code, or any similar Tax, imposed by
any jurisdiction described in clause (a) above, (c) solely with respect to the
U.S. Subfacilityies, in the case of a Lender (other than an assignee
pursuant to a request by the Company under Section 3.04), any U.S.
federal withholding Tax that is imposed on amounts payable to such Lender
pursuant to a Requirement of Law in effect at the time such Lender becomes a
party to this Agreement (or designates a new lending office), except to the
extent that such Lender (or its assignor, if any) was entitled, immediately
prior to the time of designation of a new lending office (or assignment), to
receive additional amounts from a Credit Party with respect to such U.S. federal
withholding Tax pursuant to Section 4.01, (d) any Tax that is
attributable to such recipient’s failure to comply with Section 4.01(b)
or Section 4.01(c) (in each case, subject to Section 4.01(d)), (e)
any withholding Taxes imposed under FATCA, (f) U.S. federal backup withholding
Taxes imposed pursuant to Code Section 3406, (g) solely with respect to the
Canadian Subfacility, any Canadian Taxes imposed as a result of such recipient not dealing at arm’s
length (within the meaning of the ITA) with a Canadian Credit Party, (h) solely
with respect to the Canadian Subfacility, any Canadian Taxes imposed as a result
of such recipient being a “specified shareholder” (within the meaning of
subsection 18(5) of the ITA) of a Canadian Credit Party or not dealing at arm’s
length with such a specified shareholder of a Canadian Credit Party and (i) any
Taxes imposed pursuant to Article 17(3) of the 1969 Dutch Corporate Income Tax
Act (Wet op de vennootschapsbelasting) on an Administrative Agent or a
Lender as a result of such Administrative Agent or Lender having an interest,
directly or indirectly, of 5.0% or more in a Dutch Borrower. 

“Executive Order” shall
  mean Executive Order No. 13224 on Terrorist Financing effective September 24,
2001.

“Ex-FILO Average Usage”
shall mean, at any Adjustment Date, the average daily aggregate Revolving
Exposure for the applicable Subfacility (without giving effect to the U.S. Tranche B Revolving Exposure
and excluding any Revolving Exposure resulting
from any outstanding Swingline Loans) for the fiscal quarter period immediately
preceding such Adjustment Date divided by the Ex-FILO Revolving Commitments in
respect of such Subfacility at such time. 

“Ex-FILO
Revolving Commitment” shall mean the Canadian Revolving Commitment, the U.S.
Tranche A Revolving Commitment, and/or the Dutch Revolving Commitment, as the
context may require, but shall not include the U.S. Tranche B Revolving
Commitment. 

“Ex-FILO
Revolving Exposure” shall mean the Canadian Revolving Exposure, the U.S. Tranche
A Revolving Exposure and/or the Dutch Revolving Exposure, as the context may
require, but shall not include the U.S. Tranche B Revolving Exposure.

“Ex-FILO Revolving
Lenders” shall mean a Lender with an Ex-FILO Revolving
Commitment.

“Ex-FILO
Revolving Loans” shall mean Canadian Revolving Loans, U.S. Tranche A Revolving
Loans, Dutch Revolving Loans, Protective Advances and/or Overadvance Loans, as
the context may require, but shall not include the U.S. Tranche B Revolving
Loans. 

“Ex-FILO Subfacilities”
shall have the meaning provided in the recitals. 

“Ex-FILO
Unused Line Fee” shall have the meaning provided in Section
2.05(a)(I).

“Ex-FILO Unused Line Fee
Rate” shall mean, for any day, (i) initially, a percentage per annum equal to
0.30% and (ii) following the end of the first full quarter after the Closing
Date, a percentage per annum determined by reference to the following grid based
on the Ex-FILO Average Usage under the
applicable Ex-FILO Subfacility as of the most recent Adjustment Date: 

	Ex-FILO Average
      Usage 	Unused
      Line Fee Rate 
	<
      25% 	0.30% 
	≥
      25% 	0.25% 

“Existing Credit
Agreements” shall mean the (i) the Amendment and Restatement Agreement,
dated October 14, 2014, relating to a €92,500,000 Multipurpose Facilities
Agreement, originally dated September 25, 2012, among The Organic Corporation
B.V., Tradin Organic Agriculture B.V., SunOpta Foods Europe B.V., Tradin
Organics USA Inc. and Trabocca B.V., as borrowers, and ING Bank N.V., Cooperative Centrale Raiffeissen-Boerenleenbank B.A. and
Deutsche Bank AG, Amsterdam Branch, as lenders and (ii) the Seventh Amended and
Restated Credit Agreement, dated as of July 27, 2012, among SunOpta Inc. and
SunOpta Foods Inc., as borrowers, certain affiliates of the borrowers, the Bank
of Montreal, as administrative agent and the lenders from time to time party
thereto, in each case, as amended, restated or otherwise modified from time to
time prior to the Closing Date. 

“Existing Indebtedness”
shall have the meaning provided in Section 9.04(iv). 

“Existing Letters of
Credit” shall mean those Letters of Credit set forth on Schedule
1.01B. 

“Existing Indebtedness” shall have
the meaning provided in Section 9.04(iv) .   

“Existing Revolving Class”
shall have the meaning provided in Section 2.19(a). 

“Existing Revolving
Commitment” shall have the meaning provided in Section 2.19(a). 

“Existing Revolving Loans”
shall have the meaning provided in Section 2.19(a) . 

“Extended Revolving
Commitments” shall have the meaning provided in Section 2.19(a). 

“Extended Revolving Loans”
shall have the meaning provided in Section 2.19(a). 

“Extending Lender” shall
have the meaning provided in Section 2.19(b). 

“Extension Amendment”
shall have the meaning provided in Section 2.19(c). 

“Extension Date” shall
have the meaning provided in Section 2.19(d). 

“Extension Election” shall
have the meaning provided in Section 2.19(b). 

“Extension Request” shall
have the meaning provided in Section 2.19(a). 

“Fair Market Value” shall
mean, with respect to any asset or liability, the fair market value of such
asset or liability as determined by the Company in good faith. 

“FATCA” shall mean
Sections 1471 through 1474 of the Code as of the date of this Agreement (or any
amended or successor version that is substantively comparable and not materially
more onerous to comply with), any current or future regulations thereunder or
official interpretations thereof, any agreements entered into pursuant to
current Section 1471(b)(1) of the Code (or any amended or successor version
described above), and any intergovernmental agreements (or related legislation
or official administrative rules or practices) implementing the foregoing. 

“FCCR Test Amount”
shall have the meaning provided in the definition of the term “Financial
Covenant Triggering Event”. 

“FCPA” shall have the
meaning provided in Section 7.14(c).

“Federal Funds Rate” shall
mean (a) the weighted average of interest rates on overnight federal funds
transactions with members of the Federal Reserve System arranged by federal
funds brokers on the applicable Business Day (or on the preceding Business Day,
if the applicable day is not a Business Day), as published by the Federal
Reserve Bank of New York on the next Business Day; or (b) if no such rate is
published on the next Business Day, the average rate (rounded up, if necessary,
to the nearest 1/8 of 1%) charged to the Administrative Agent on the applicable day on
such transactions, as determined by the Administrative Agent; provided if
the Federal Funds Rate shall be less than zero, such rate shall be deemed zero
for purposes of this Agreement. 

“Fees” shall
  mean all amounts payable pursuant to or
referred to in Section 2.05.

“Field Examination” shall
mean field audits and examinations prepared on a basis reasonably satisfactory
to the Administrative Agent, setting forth the value of Accounts, which audits
and examinations shall be prepared in accordance with this Agreement by an
examiner selected by the Administrative Agent in its reasonable discretion. 

“FILO
Prepayment Conditions” shall mean, with respect to (x) any optional prepayment
of U.S. Tranche B Revolving Loans after the one year anniversary of the Second
Amendment Effective Date pursuant to Section 2.09(a) and (y) any termination or
reduction of U.S. Tranche B Revolving Commitments after the one year anniversary
of the Second Amendment Effective Date pursuant to Section 2.07(b)(iv),as of the
date of any such optional prepayment of U.S. Tranche B Revolving Loans or
termination/reduction of U.S. Tranche B Revolving Commitments, and after giving
effect thereto, the following: 

          (i)      no Event of Default shall exist or have occurred and be continuing, and 

          (ii)     the Total Excess Availability on such date, and during the
immediately preceding 30 consecutive day
period (assuming such optional prepayment of U.S. Tranche B Revolving Loans or
termination/reduction of U.S. Tranche B Revolving Commitments occurred on the
first day of such 30 consecutive day period) shall have been not less than the
greater of (x) 20.0% of the Line Cap and (y) $40,000,000. 

“FILO
Reserve Shortfall” shall mean the amount by which the outstanding principal
amount of U.S. Tranche B Revolving Loans exceed the U.S. Tranche B Borrowing
Base. 

“Financial Covenant Triggering
Event” shall mean, at any time, that Total Excess Availability is less than
the greater of (a) $20,000,000 and (b) 10.0% of the Line Cap, as of such date
(such greater of amount, the “FCCR Test Amount”). Upon the occurrence of
any Financial Covenant Triggering Event, such Financial Covenant Triggering
Event shall be deemed to be continuing notwithstanding that Total Excess
Availability may thereafter exceed the FCCR Test Amount unless and until Total
Excess Availability exceeds such FCCR Test Amount for thirty (30) consecutive
days, in which event a Financial Covenant Triggering Event shall no longer be
deemed to be continuing. 

“FeesFirst
Amendment” shall mean all amounts payable
pursuant to or referred to in Section 2.05the First
Amendment, dated as of October 7, 2016, to this Agreement. 

“First Amendment Effective
Date” shall have the meaning provided in the First Amendment.

“First Lien Claimholders”
shall have the meaning provided in the Intercreditor Agreement. 

“First Lien Collateral
Agent” shall have the meaning provided in the Intercreditor Agreement. 

“Fixed Asset Reappraisal
Event” shall have the meaning provided in Section 8.02(d). 

“Flood Insurance Laws”
shall mean, collectively, (i) National Flood Insurance Reform Act of 1994 (which
comprehensively revised the National Flood Insurance Act of 1968 and the Flood
Disaster Protection Act of 1973) as now or hereafter in effect or any successor
statute thereto, (ii) the Flood Insurance Reform Act of 2004 as now or hereafter
in effect or any successor statute thereto and (iii) the Biggert-Waters Flood
Insurance Reform Act of 2012 as now or hereafter in effect or any successor
statute thereto. 

“Foreign Pension Plan”
shall mean any plan, fund (including, without limitation, any superannuation
fund) or other similar program established or maintained outside the United
States, Canada or the Netherlands by the Company or any one or more of the
Restricted Subsidiaries primarily for the benefit of employees of the Company or
such Restricted Subsidiaries residing outside the United States, Canada or the
Netherlands, which plan, fund or other similar program provides, or results in,
retirement income, a deferral of income in contemplation of retirement or
payments to be made upon termination of employment, and which plan is not
subject to ERISA, the Canadian Employee Benefits Legislation or the Dutch
Pension Regulations. 

“Foreign Subsidiaries”
shall mean each Subsidiary of the Company that is not a Domestic Subsidiary.

“Fronting Exposure” shall
mean a Defaulting Lender’s Pro Rata Percentage under the applicable Subfacility
or Subfacilities of LC Exposure or Swingline Exposure, as applicable, except to
the extent allocated to other Lenders under Section 2.11. 

“Fronting Fee” shall have
the meaning provided in Section 2.05(c).

“FSHCO” shall mean any
Domestic Subsidiary that is a direct or indirect Subsidiary of the U.S. Parent
Borrower and has no material assets other than the Capital Stock (including, for
the avoidance of doubt, any instrument treated as Capital Stock for U.S. federal
income tax purposes) of one or more Foreign Subsidiaries that are CFCs. 

“GAAP” shall mean (i)
generally accepted accounting principles in the United States of America which
are in effect from time to time or (ii) if elected by the Company by written
notice to the Administrative Agent in connection with the delivery of financial
statements and information, the accounting standards and interpretations
(“IFRS”) adopted by the International Accounting Standard Board, as in
effect from time to time on or after the date on which the Company is making
such election; provided, that (a) any such election once made shall be
irrevocable and (b) from and after such election, all ratios, computations and
other determinations based on GAAP contained in this Agreement shall be computed
in conformity with IFRS. 

“Governmental Approvals”
shall mean all authorizations, consents, approvals, licenses and exemptions of,
registrations and filings with, and required reports to, all Governmental
Authorities. 

“Governmental Authority”
shall mean the government of the United States of America, Canada, the
Netherlands, the United Kingdom, any other nation or any political subdivision
thereof, whether state, provincial, municipal or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any
supra-national bodies such as the European Union or the European Central Bank).

“Guaranteed Creditors”
shall mean the Secured Creditors.

“Guaranteed Party” shall
mean with respect to any Credit Party, any other Credit Party.

“Guarantees” shall have
the meaning provided in the definition of the term “Collateral and Guarantee
Requirement” and, for the avoidance of doubt, shall include the Credit Party
Guarantee and any additional guarantee entered into pursuant to Section
8.10. 

“Guarantor” shall mean
each Borrower (other than with respect to its own Obligations) and each
Subsidiary Guarantor. 

“Hazardous Materials”
shall mean (a) any petroleum or petroleum products, radioactive materials,
asbestos that is or could become friable, urea formaldehyde foam insulation,
polychlorinated biphenyls, and radon gas; (b) any chemicals, materials or
substances defined as or included in the definition of the terms “hazardous
substances,” “hazardous waste,” “hazardous materials,” “extremely hazardous
substances,” “restricted hazardous waste,” “toxic substances,” or words of
similar import, under any applicable Environmental Law; and (c) any other
chemical, material or substance which is regulated, or which would reasonably be
expected to give rise to liability under any Environmental Law. 

“Hedge Reserve” shall mean
the aggregate amount of reserves established or modified by the Administrative
Agent from time to time in its Permitted Discretion and in accordance with the
provisions of Section 2.22 in respect of Secured Reserved Hedges. 

“Hedging Agreement” shall
mean any agreement with respect to any interest rate swap, interest rate cap,
interest rate collar, commodity swap, commodity cap, commodity collar, commodity
option, foreign exchange, currency swap or similar agreement (including equity
derivative agreements) providing for the transfer, modification or mitigation of
interest rate, currency, commodity risks or equity risks either generally or
under specific contingencies. 

“Hedging Obligations”
shall mean respect to any Person, the obligations of such Person under any
Hedging Agreement.

“Historical Financial
Statements” shall mean (a) audited consolidated balance sheets of the
Company and its consolidated Subsidiaries as at the end of, and related audited
consolidated statements of operations, comprehensive earnings (loss),
shareholders’ equity and cash flows of the Company and its consolidated
Subsidiaries for, the fiscal years ended December 29, 2012, December 28, 2013
and January 3, 2015 and (b) an unaudited consolidated balance sheet of the
Company and its consolidated Subsidiaries as at the end of, and related
unaudited consolidated statements of operations and cash flows of the Company
and its subsidiaries for the nine month period ended October 3, 2015. 

“HMT” shall have the
meaning provided in the definition of the term “Sanctions”.

“Immaterial Subsidiary”
shall mean, at any date of determination, any Restricted Subsidiary of the
Company now existing or hereafter acquired or formed (a) whose total assets
(when combined with the assets of such Restricted Subsidiary’s Subsidiaries,
after eliminating intercompany obligations) at the last day of the Test Period
most recently ended on or prior to such determination date were an amount equal
to or less than 5% of the Consolidated Total Assets of the Company and its
Restricted Subsidiaries at such date and (b) whose gross revenues (when combined
with the revenues of such Restricted Subsidiary’s Subsidiaries, after
eliminating intercompany obligations) for such Test Period were an amount equal
to or less than 5% of the consolidated gross revenues of the Company and its
Restricted Subsidiaries for such Test Period, in each case determined in
accordance with GAAP. Schedule 1.01C sets forth each Restricted
Subsidiary that is an Immaterial Subsidiary that has not executed this Agreement
as a Guarantor on and as of the Closing Date. 

“Increase Date” shall have
the meaning provided in Section 2.15(b). 

“Increase Loan Lender”
shall have the meaning provided in Section 2.15(b). 

“Incremental FILO Facility” shall
have the meaning provided in Section
2.15(a). 

“Incremental Revolving
Commitment Agreement” shall have the meaning provided in Section
2.15(d).

“Incur” or “incur”
shall mean create, incur, issue, assume, guarantee or otherwise become directly
or indirectly liable, contingently or otherwise, with respect to any
Indebtedness. The term “Incurrence” or “incurrence” when used as a noun
shall have a correlative meaning. 

“Indebtedness” shall mean,
with respect to any Person, without duplication: 

 (a)          any
indebtedness (including principal and premium) of such Person, whether or not
contingent: 

(i)          in
respect of borrowed money; 

(ii)         evidenced
by bonds, notes, debentures or similar instruments or letters of credit or
bankers’ acceptances (or, without duplication, reimbursement agreements in
respect thereof); 

(iii)        representing
the balance deferred and unpaid of the purchase price of any property (including
Capitalized Lease Obligations) due more than twelve months after such property
is acquired, except (x) any such balance that constitutes an obligation in
respect of a commercial letter of credit, a trade payable or similar obligation
to a trade creditor, in each case accrued in the ordinary course of business and
(y) any earn-out obligations until such obligation becomes a liability on the
balance sheet of such Person in accordance with GAAP and is not paid after
becoming due and payable; or 

(iv)        representing
the net obligations under any Hedging Agreement;

if and to the extent that any of the foregoing Indebtedness
(other than letters of credit and Hedging Obligations) would appear as a
liability upon a balance sheet (excluding the footnotes thereto) of such Person
prepared in accordance with GAAP; 

 (b)          to
the extent not otherwise included, any obligation by such Person to be liable
for, or to pay, as obligor, guarantor or otherwise, on the obligations of the
type referred to in clause (a) of a third Person (whether or not such items
would appear upon the balance sheet of such obligor or guarantor), other than by
endorsement of negotiable instruments for collection in the ordinary course of
business; and 

 (c)          to
the extent not otherwise included, the obligations of the type referred to in
clause (a) of a third Person secured by a Lien on any asset owned by such first
Person, whether or not such Indebtedness is assumed by such first Person, but
limited to the Fair Market Value of the assets subject to such Lien; 

provided that notwithstanding the foregoing,
Indebtedness shall (A) include the Indebtedness of any partnership in which such
Person is a general partner, except to the extent such Indebtedness is
expressly non-recourse to such Person and only to the extent such
Indebtedness would be included in the calculation of the aggregate principal
amount of indebtedness of such Person determined in accordance with GAAP and (B)
be deemed not to include (i) Contingent Obligations incurred in the ordinary
course of business and (ii) obligations under or in respect of any operating
lease or Sale-Leaseback Transactions (except any resulting Capitalized Lease
Obligations); provided, further, that Indebtedness shall be calculated
without giving effect to the effects of Financial Accounting Standards Board
Accounting Standards Codification Topic No. 815 and related interpretations to
the extent such effects would otherwise increase or decrease an amount of
Indebtedness for any purpose under this Agreement as a result of accounting for
any embedded derivatives created by the terms of such Indebtedness. 

“Indemnified Liabilities”
shall have the meaning provided in Section 12.01(a). 

“Indemnified Person” shall
have the meaning provided in Section 12.01(a) . 

“Indemnified Taxes” shall
mean all Taxes other than (i) Excluded Taxes and (ii) Other Taxes.

“Indenture Fixed Charges”
shall mean with respect to any Person for any period, the sum of, without
duplication: 

 (a)          Consolidated
Interest Expense of such Person for such period; 

 (b)          all
cash dividends or other distributions paid (excluding items eliminated in
consolidation) on any series of Preferred Stock during such period; and 

 (c)          all
cash dividends or other distributions paid (excluding items eliminated in
consolidation) on any series of Disqualified Stock during such period. 

“Independent Financial
Advisor” shall mean an accounting, appraisal, investment banking firm or
consultant to Persons engaged in Similar Businesses of nationally recognized
standing that is, in the good faith judgment of the Company, qualified to
perform the task for which it has been engaged. 

“Intellectual Property”
shall mean all worldwide rights in and to (i) patents, (ii) trademarks, service
marks, trade names, trade dress, trade styles, domain names and other
identifiers of source or goodwill, (iii) copyrights and works subject to
copyright law, (iv) computer software, data and databases, (v) industrial
designs and other protections for designs, (vi) inventions, discoveries, trade
secrets, knowhow and other proprietary or confidential information, and (vii)
issuances, registrations or applications for any of the foregoing. 

“Intercreditor Agreement”
shall mean the Amended and Restated
Intercreditor Agreement, dated as of February
11October 20, 2016, among
BANA, in its capacity as agent for the First Lien Claimholders, U.S. Bank of Montreal, a
Canadian chartered bankNational
Association, in its capacity as collateral agent for the Second Lien
Claimholders and each additional First Lien Collateral Agent and each additional
Second Lien Collateral Agent from time to time party thereto. 

“Interest Period” shall
mean, as to any Borrowing of a Eurocurrency Rate Loan, the period commencing on
the date of such Borrowing or on the last day of the immediately preceding
Interest Period applicable to such Borrowing, as applicable, and ending on the
numerically corresponding day (or, if there is no numerically corresponding day,
on the last day) in the calendar month that is one, two, three or six month
months thereafter, as the Relevant Borrower may elect, or the date any Borrowing
of a Eurocurrency Rate Loan is converted to a Borrowing of a U.S. Base Rate
Loan, European Base Rate Loan or Canadian Base Rate Loan in accordance with
Section 2.08 or repaid or prepaid in accordance with Section 2.07 or Section 2.09; provided that, if any Interest Period would end on a day other than a Business Day, such
Interest Period shall be extended to the next succeeding Business Day unless
such next succeeding Business Day would fall in the next calendar month, in
which case such Interest Period shall end on the next preceding Business Day.
Interest shall accrue from and including the first day of an Interest Period to
but excluding the last day of such Interest Period. 

“Inventory” shall mean all
  “inventory,” as such term is defined in the UCC (or with respect to any Canadian
  Credit Party, the PPSA) or with respect to Inventory owned by any Dutch Credit
  Party, all raw materials, work in progress and finished goods legally
  and beneficially owned, in any such case, wherever located, in which any Person
now or hereafter has rights. 

“Inventory Approved
Countries” shall mean (a) the United States, Canada, and the Netherlands and
(b) solely to the extent the applicable Additional Inventory Security Actions
have been completed for such jurisdictions, and with respect to the Dutch
Borrowing Base only, the United Kingdom, France and/or Germany. For the
avoidance of doubt, such list of Inventory Approved Countries shall not be
construed to expand the list of approved jurisdictions of Borrowers who own
Eligible Inventory beyond the United States, Canada and the Netherlands. 

“Investment and Junior Debt
Incurrence Conditions” shall mean with respect to (x) any acquisition or
other Investment or (y) any Incurrence of Junior Debt that satisfies the Junior
Debt Conditions, the following: 

 (iiii)          as of the date
of any such acquisition, other Investment or Incurrence of Junior Debt, and
after giving pro forma effect thereto, no Event of Default shall exist or have
occurred and be continuing, and 

 (iiiv)         as of the date of any
such acquisition, other Investment or Incurrence of Junior Debt, and after
giving pro forma effect thereto, the Total Excess Availability on such date, and
during the immediately preceding 30 consecutive day period (assuming such
acquisition, other Investment or Incurrence of Junior Debt occurred on the first
day of such 30 consecutive day period) shall have been not less than the greater
of (x) 12.5% of the Line Cap and (y) $25,000,000, and 

 (iiiv)         the Consolidated Fixed
Charge Coverage Ratio, calculated on a pro forma basis for such acquisition,
other Investment or Incurrence of Junior Debt shall be no less than 1.0 to 1.0;
provided that this clause (iii) shall not apply if, as of the date of any
such acquisition, other Investment or Incurrence of Junior Debt, and after
giving effect thereto, the Total Excess Availability on such date, and during
the immediately preceding 30 consecutive day period (assuming such acquisition,
other Investment or Incurrence of Junior Debt occurred on the first day of such
30 consecutive day period) shall have been not less than the greater of (x)
17.5% of the Line Cap and (y) $35,000,000. 

“Investment Cash
Equivalents” shall mean:

 (a)          (i)
Dollars, Canadian Dollars, Euro, Pounds Sterling, yen or any national currency
of any participating member state of the European Union or (ii) such local
currencies held by a Foreign Subsidiary from time to time in the ordinary course
of business; 

 (b)          securities
issued or directly and fully and unconditionally guaranteed or insured by the
U.S. government or any agency or instrumentality thereof the securities of which
are unconditionally guaranteed as a full faith and credit
obligation of such government with maturities of 24 months or less from the date
of acquisition; 

 (c)          certificates
  of deposit, time deposits and eurodollar time deposits with maturities of 24
  months or less from the date of acquisition, demand deposits, bankers’
  acceptances with maturities not exceeding one year and overnight bank deposits,
  in each case with any domestic or foreign commercial bank having capital and
  surplus of not less than $250,000,000 in the case of U.S. banks and $100,000,000
  million (or the U.S. dollar equivalent as of the date of determination) in the
case of non-U.S. banks; 

 (d)          repurchase
obligations for underlying securities of the types described in clauses (b), (c)
and (g) entered into with any financial institution or recognized securities
dealer meeting the qualifications specified in clause (c) above; 

 (e)          commercial
paper and variable or fixed rate notes rated at least “P-2” by Moody’s or at
least “A-2” by S&P (or, if at any time neither Moody’s nor S&P shall be
rating such obligations, an equivalent rating from another rating agency) and in
each case maturing within 24 months after the date of creation thereof and
Indebtedness or Preferred Stock issued by Persons with a rating of “A” or higher
from S&P or “A-2” or higher from Moody’s with maturities of 24 months or
less from the date of acquisition; 

 (f)          marketable
short-term money market and similar funds having a rating of at least “P-2” or
“A-2” from either Moody’s or S&P, respectively (or, if at any time neither
Moody’s nor S&P shall be rating such obligations, an equivalent rating from
another rating agency); 

 (g)          readily
marketable direct obligations issued by any state, commonwealth or territory of
the United States or any political subdivision or taxing authority thereof
having an Investment Grade Rating from either Moody’s or S&P (or, if at any
time neither Moody’s nor S&P shall be rating such obligations, an equivalent
rating from another rating agency) with maturities of 24 months or less from the
date of acquisition; 

 (h)          readily
marketable direct obligations issued by any foreign government or any political
subdivision or public instrumentality thereof, in each case having an Investment
Grade Rating from either Moody’s or S&P (or, if at any time neither Moody’s
nor S&P shall be rating such obligations, an equivalent rating from another
rating agency) with maturities of 24 months or less from the date of
acquisition; 

 (i)          
Investments with average maturities of 24 months or less from the date of
acquisition in money market funds rated “AAA-” (or the equivalent thereof) or
better by S&P or “Aaa3” (or the equivalent thereof) or better by Moody’s
(or, if at any time neither Moody’s nor S&P shall be rating such
obligations, an equivalent rating from another rating agency);

 (j)          
securities with maturities of 12 months or less from the date of acquisition
backed by standby letters of credit issued by any financial institution or
recognized securities dealer meeting the qualifications specified in clause (3)
above; and 

 (k)          investment
funds investing at least 90% of their assets in securities of the types
described in clauses (a) through (j) above.

In the case of Investments made
by a Foreign Subsidiary (or temporarily held by the Company or the Restricted
Subsidiaries as part of their cash management arrangements with a Foreign
Subsidiary in the ordinary course of business or consistent with past
practice) in a country outside the United States, Cash Equivalents shall also
include (a) investments of the type and maturity described in clauses (a)
through (g) and clauses (i), (j) and (k) above of foreign obligors, which
Investments or obligors (or the parents of such obligors) have ratings described
in such clauses or equivalent ratings from comparable foreign rating agencies
and (b) other short-term investments utilized by Foreign Subsidiaries that are
Restricted Subsidiaries in accordance with normal investment practices for cash
management in investments analogous to the foregoing investments in clauses (a)
through (k) and in this paragraph. 

Notwithstanding the foregoing,
  Cash Equivalents shall include amounts denominated in currencies other than
  those set forth in clauses (a) and (b) above, provided that such
  amounts are converted into any currency listed in clauses (a) and (b) as
  promptly as practicable and in any event within ten Business Days following the
receipt of such amounts. 

For the avoidance of doubt, any
items identified as Cash Equivalents under this definition will be deemed to be
Cash Equivalents for all purposes under this Agreement regardless of the
treatment of such items under GAAP. 

“Investment Grade Rating”
shall mean a rating equal to or higher than Baa3 (or the equivalent) by Moody’s
and BBB- (or the equivalent) by S&P, or if the applicable securities are not
then rated by Moody’s or S&P, an equivalent rating by any other Rating
Agency. 

“Investment Grade
Securities” shall mean:

 (a)          securities
issued or directly and fully guaranteed or insured by the United States
government or any agency or instrumentality thereof (other than Investment Cash
Equivalents); 

 (b)          debt
securities or debt instruments with an Investment Grade Rating, but excluding
any debt securities or instruments constituting loans or advances among the
Company and its Subsidiaries; 

 (c)          investments
in any fund that invests exclusively in investments of the type described in
clauses (a) and (b) which fund may also hold immaterial amounts of cash pending
investment or distribution; and 

 (d)          corresponding
instruments in countries other than the United States customarily utilized for
high quality investments. 

“Investments” shall mean,
with respect to any Person, all investments by such Person in other Persons
(including Affiliates) in the form of loans (including guarantees), advances or
capital contributions (excluding accounts receivable, trade credit, advances to
customers and distributors, commission, travel and similar advances to
employees, directors, officers, managers, distributors and consultants, in each
case made in the ordinary course of business), purchases or other acquisitions
for consideration of Indebtedness, Equity Interests or other securities issued
by any other Person and investments that are required by GAAP to be classified
on the balance sheet (excluding the footnotes) of the Company in the same manner
as the other investments included in this definition to the extent such
transactions involve the transfer of cash or other property. For purposes of
Section 8.14, “Investments” shall include (a) the portion (proportionate
to the Company’s Equity Interest in such Subsidiary) of the Fair Market Value of
the net assets of a Subsidiary of the Company at the time that such Subsidiary
is designated an Unrestricted Subsidiary and (b) any property transferred to or
from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the
time of such transfer. The amount of any Investment outstanding at any time
shall be the original cost of such Investment, reduced by any dividend, distribution, interest payment, return of capital, repayment or
other amount received in Investment Cash Equivalents by the Company or a
Restricted Subsidiary in respect of such Investment. 

“Issuing Bank” shall mean
  the Canadian Issuing Bank, the U.S. Issuing Bank and/or the Dutch Issuing Bank,
as the context requires. 

“ITA” shall mean the
Income Tax Act (Canada), as amended, and any successor thereto, and any
regulations promulgated thereunder. 

“Joint Lead Arrangers”
shall mean Merrill Lynch, Pierce, Fenner & Smith Incorporated, Rabobank
Nederland, Canadian Branch and Bank of Montreal, in their respective capacities
as joint lead arrangers and joint bookrunners, as applicable, under this
Agreement. 

“Judgment Currency” shall
have the meaning provided in Section 12.20. “Junior Debt” shall
have the meaning provided in Section 9.04(ii). 

“Junior Debt Conditions”
shall have the meaning provided in Section 9.04(ii).

“Latest Maturity Date”
shall mean, at any date of determination, the latest maturity date applicable to
any Loan or Commitment under any Subfacility hereunder as of such date of
determination.

“LC Collateral Account”
shall mean a collateral account in the form of a deposit account established and
maintained by the applicable Administrative Agent for the benefit of the
applicable Issuing Banks, in accordance with the provisions of Section
2.13(n). 

“LC Commitment” shall mean
the commitment of the Issuing Banks to issue Letters of Credit pursuant to
Section 2.13. 

“LC Credit Extension”
shall mean any Canadian LC Credit Extension, U.S. LC Credit Extension or Dutch
LC Credit Extension. 

“LC Disbursement” shall
mean any Canadian LC Disbursement, U.S. LC Disbursement or Dutch LC
Disbursement. 

“LC Documents” shall mean
the Canadian LC Documents, the U.S. LC Documents and the Dutch LC Documents.

“LC Exposure” shall mean,
collectively, the Canadian LC Exposure, the U.S. LC Exposure and the Dutch LC
Exposure. 

“LC Obligations” shall
mean the Canadian LC Obligations, the U.S. LC Obligations and/or the Dutch LC
Obligations. 

“LC Participation Fee”
shall have the meaning provided in Section 2.05(c)(i) .

“LC Request” shall mean a
request by a Borrower in accordance with the terms of Section 2.13(b) in
form and substance reasonably satisfactory to the applicable Issuing Bank. 

“LC Sublimit” shall mean
the aggregate Canadian LC Sublimit, Dutch LC Sublimit and U.S. LC Sublimit. 

“Lender” shall mean each
financial institution listed on Schedule 2.01, as well as any Person that
becomes a “Lender” hereunder pursuant to Section 2.15, 3.04 or
12.04. 

“Lender Loss Sharing
Agreement” shall mean the Lender Loss Sharing Agreement entered into by each
Lender as of the Closing Date and each other Lender becoming party to this
Agreement via an Assignment and Assumption Agreement or otherwise after the
Closing Date, in form and substance reasonably acceptable to the Administrative
Agent. 

“Letter of Credit” shall
mean any Canadian Letter of Credit, U.S. Letter of Credit and Dutch Letter of
Credit. 

“Letter of Credit Expiration
Date” shall mean the fifth Business Day prior to the Maturity Date. 

“LIBOR” shall have the
meaning provided in the definition of the term “Eurocurrency Rate”. 

“LIBOR Quoted Currency”
shall mean each of the following currencies: Dollars; Euros; Pounds Sterling;
and Swiss Franc; in each case as long as there is a published LIBOR rate with
respect thereto. 

“Lien” shall mean with
respect to any asset, any mortgage, lien (statutory or otherwise), pledge,
hypothecation, charge, security interest, preference, priority or encumbrance of
any kind in respect of such asset, whether or not filed, recorded or otherwise
perfected under applicable Requirement of Law, including any conditional sale or
other title retention agreement, any lease in the nature thereof, or any other
agreement to give a security interest in and any filing of or agreement to give
any financing statement under the UCC (or equivalent statutes, including the
PPSA) of any jurisdiction; provided that in no event shall an operating
lease be deemed to constitute a Lien. 

“Line Cap” shall mean an
amount that is equal to the lesser of (a) the then applicable Revolving
Commitments plus the U.S. Tranche B Revolving Loans then
outstanding and (b) the then applicable Borrowing Base(s). 

“Loans” shall mean
advances made to or at the instructions of a Borrower pursuant to Section
2 hereof and may constitute Revolving Loans or Swingline Loans. 

“Local Time” shall mean,
(i) with respect to the U.S. Subfacilityies, Chicago
time, (ii) with respect to the Canadian Subfacility, Toronto time and (iii) with
respect to the Dutch Subfacility, London time. 

“Margin Stock” shall have
the meaning provided in Regulation U.

“Material Adverse Effect”
shall mean any circumstance or condition affecting the business or financial
condition of the Company and its Restricted Subsidiaries taken as a whole that
would, individually or in the aggregate, reasonably be expected to materially
adversely affect, (x) the ability of the Company and the other Credit Parties,
taken as a whole, to perform their obligations under the Credit Documents or (y)
the rights and remedies of the Administrative Agents, the Collateral Agent,
Issuing Lenders or the Lenders under the Credit Documents. 

“Material Real Property”
shall mean all Real Property (including fixtures thereon) owned in fee by a U.S.
Credit Party or Canadian Credit Party that either (A) has a Fair Market Value of
no less than $5,000,000, determined on the Closing Date with respect to
properties owned by them on the Closing Date, or on the date of acquisition for
properties acquired thereafter or, with respect to any properties under construction or improvement, on the date of substantial
completion thereof, or (B) constitutes Eligible Fee-Owned Real Estate. 

“Material Subsidiary”
  shall mean each Restricted Subsidiary of the Company that is not an Immaterial
  Subsidiary. For the avoidance of doubt, all Credit Parties (other than the
Company) shall be deemed to constitute “Material Subsidiaries”. 

“Maturity Date” shall mean
the date that is 5 years after the Closing Date. 

“Moody’s” shall mean
Moody’s Investors Service, Inc., or any successor thereto.

“Mortgage” shall mean a
mortgage, debenture, leasehold mortgage, deed of trust, deed of immovable
hypothec, leasehold deed of trust, deed to secure debt, leasehold deed to secure
debt or similar security instrument in form and substance reasonably
satisfactory to the Administrative Agent, in favor of the Collateral Agent for
the benefit of the Secured Creditors.

“Mortgaged Property” shall
mean Real Property (including any fixtures thereon) owned by a U.S. Credit Party
or Canadian Credit Party that is subject to a Mortgage. 

“Multiemployer Plan” shall
mean a multiemployer plan as defined in Section 4001(a)(3) of ERISA and subject
to Title IV of ERISA with respect to which a Credit Party has, or may have, any
obligation or liability, including on account of an ERISA Affiliate. 

“NAIC” shall mean the
National Association of Insurance Commissioners.

“Net Income” shall mean,
with respect to any Person, the net income (loss) of such Person, determined in
accordance with GAAP and before any reduction in respect of Preferred Stock
dividends. 

“Net Orderly Liquidation
Value” shall mean, as of any date of determination, with respect to any
Inventory or Equipment, the “net orderly liquidation value” of such Inventory or
Equipment, expected to be realized at an orderly, negotiated sale of such
Inventory or Equipment and determined from the most recent Appraisal of the
Borrowers’ Inventory or Equipment received by the Administrative Agent, less the
amount estimated by the appraiser for marshaling, reconditioning, carrying,
sales expenses, operating expenses, administration expenses and commissions
designated to maximize the resale value of such Inventory and assuming that the
time required to dispose of such Inventory is customary with respect to such
Inventory and expressed as a percentage of the Cost of such Inventory or
Equipment. 

“Non-Defaulting Lender”
shall mean and include each Lender other than a Defaulting Lender. 

“Non-LIBOR Quoted
Currency” shall mean any currency other than a LIBOR Quoted Currency.

“Non-Public Lender” shall
mean any person/entity which does not belong to the "public" within the meaning
of CRR. 

“North American Minimum
Requirement” shall mean that at no time shall (a) the sum of the Canadian
Borrowing Base plus the U.S. Tranche A
Borrowing Base comprise less than 60.0% of the total Borrowing Base (without giving effect to the U.S. Tranche B. Borrowing
Base); and (b) the sum of the Canadian Revolving Commitment
plus the U.S. Tranche A Revolving
Commitment comprise less than 60.0% of the total Ex-FILO Revolving Commitment.

“Note” shall mean each
Revolving Note or Swingline Note, as applicable.

“Notice of Borrowing”
shall mean a notice substantially in the form of Exhibit A-1 hereto.

“Notice of
Conversion/Continuation” shall mean a notice substantially in the form of
Exhibit A-2 hereto or such other form as may be agreed by the applicable
Administrative Agent and the Company. 

“Notice Office” shall mean
(i) with respect to the U.S. Subfacilityies , Bank of
America, N.A., 20975 Swenson Drive, Suite 200, Waukesha, WI 53186; Attention:
Erin Cordes (email: erin.cordes@baml.com, with a copy to Todd Wellentin
(todd.wellentin@baml.com), (ii) with respect to the Canadian Subfacility, Bank
of America, N.A., Canada Branch, 181 Bay Street, Suite 400, Toronto, ON, M5J
2V8, Attention: Teresa Tsui (email: teresa.tsui@baml.com) with a copy to Todd
Wellentin (todd.wellentin@baml.com) and (iii) with respect to the Dutch
Subfacility, Bank of America N.A., London Branch, 26 Elmfield Road, Bromley, BR1
1WA; Attention: Michelle Stanley (email: michelle.a.stanley@baml.com) with a
copy to Todd Wellentin (todd.wellentin@baml.com); or such other offices or
persons as the applicable Administrative Agent may hereafter designate in
writing as such to the other parties hereto. 

“Obligations” shall mean
(x) all now existing or hereafter arising debts, obligations, covenants, and
duties of payment or performance of every kind, matured or unmatured, direct or
contingent, owing, arising, due, or payable to any Lender, Agent or Indemnified
Person by any Credit Party, now existing or hereafter incurred under, or arising
out or in connection with, this Agreement or any other Credit Document,
including, without limitation, all obligations to repay principal or interest
(including interest accruing after the commencement of any proceedings under any
applicable Debtor Relief Laws in any jurisdiction, regardless of whether allowed
or allowable in such proceeding, including, for the avoidance of doubt, any such
interest which, but for the automatic stay under Section 362(a) of the
Bankruptcy Code or a stay under any proceedings under any applicable Debtor
Relief Laws in any jurisdiction would become due) on the Loans, and to pay
interest, fees, costs, charges, expenses, professional fees, all sums chargeable
to the Borrowers or any other Credit Party or for which any Borrower or any
other Credit Party is liable as indemnitor under the Credit Documents, whether
or not evidenced by any note or other instrument (including, indemnities, fees,
interest and other amounts accruing after the commencement of any proceedings
under any applicable Debtor Relief Laws in any jurisdiction, regardless of
whether allowed or allowable in such proceeding), whether or not evidenced by
any note or other instrument, now existing or hereafter incurred under, arising
out of or in connection with, this Agreement and each other Credit Document to
which any Credit Party is a party and the due compliance by the Credit Parties
with all the terms, conditions and agreements contained in this Agreement and in
each such other Credit Document and (y) all Secured Bank Product Obligations and
the due performance and compliance with all terms, conditions and agreements
contained therein; provided, however, that for purposes of the
Credit Party Guarantee and each other guarantee agreement or other instrument or
document executed and delivered pursuant to this Agreement, the term
“Obligations” shall not, as to any Guarantor, include any Excluded Swap
Obligations of such Guarantor. Notwithstanding anything to the contrary
contained above, (x) at the option of the Company, obligations of any Credit
Party under any Secured Bank Product Obligations shall be secured and guaranteed
pursuant to the Credit Documents only to the extent that, and for so long as,
the other Obligations are so secured and guaranteed and (y) any release of
Collateral or Guarantors effected in the manner permitted by this Agreement
shall not require the consent of holders of obligations under Secured Bank
Product Obligations. 

“OFAC” shall mean the
Office of Foreign Assets Control of the United States Department of the
Treasury. 

“Ontario Pension Plan”
shall mean a “registered pension plan,” as defined in subsection 248(1) of the
ITA, which contains a “defined benefit provision,” as defined in subsection
147.1(1) of the ITA, and which is registered under the Pension Benefits
Act (Ontario), but excluding any plan that provides only a “target benefit” or any “multi-employer pension plan,” both as
defined in the Pension Benefits Act (Ontario), where employer contributions to
such target benefit or multi-employer pension plan are determined solely by
reference to a participation agreement, collective agreement, or other agreement
negotiated with the bargaining agent or other representative of the employees
participating in such plan and the employer has no liability for or obligation
to fund any funding deficiency under such plan upon termination of the plan in
whole or in part or upon the withdrawal of an employer from such plan. 

“Opta Minerals
  Disposition” shall mean the direct or indirect sale, transfer or other
  disposition of all or any part of the Capital Stock or assets of Opta Minerals
Inc.

“Other Taxes” shall mean
any and all present or future stamp, court or documentary, intangible,
recording, filing or property Taxes or similar Taxes arising from any payment
made under, from the execution, delivery, registration, performance or
enforcement of, from the receipt or perfection of a security interest under, or
otherwise with respect to, any Credit Document; provided, however,
that Other Taxes shall not include any Excluded Taxes. 

“Outstanding Amount” shall
mean (i) with respect to Loans on any date, the Dollar Equivalent amount of the
aggregate outstanding principal amount thereof after giving effect to any
borrowings and prepayments or repayments of such Loans occurring on such date;
(ii) with respect to Swingline Loans on any date, the aggregate outstanding
principal amount thereof after giving effect to any borrowings and prepayments
or repayments of such Swingline Loans occurring on such date; and (iii) with
respect to any LC Obligations on any date, the Dollar Equivalent amount of the
aggregate outstanding amount of such LC Obligations on such date after giving
effect to any LC Credit Extension occurring on such date and any other changes
in the aggregate amount of the LC Obligations as of such date, including as a
result of any reimbursements by the Relevant Borrower of Unreimbursed Amounts.

“Outstanding Balance” of
any Account at any time shall mean the Dollar Equivalent of the then outstanding
face amount thereof. 

“Overadvance” shall have
the meaning provided in Section 2.17.

“Overadvance Loan” shall
mean a (i) U.S. Base Rate Loan made when an Overadvance exists or is caused by
the funding thereof under the U.S. Tranche A
Subfacility, (ii) a Canadian Prime Loan and/or Canadian Base Rate Loan when an
Overadvance exists or is caused by the funding thereof under the Canadian
Subfacility or (iii) a European Base Rate Loan when an Overadvance exists or is
caused by the funding thereof under the Dutch Subfacility. 

“Parallel Debt” shall have
the meaning provided in the Dutch Security Agreements. 

“Parent Company” shall
mean any direct or indirect parent company of the Company. 

“Participant” shall have
the meaning provided in Section 12.04(f). 

“Patriot Act” shall have
the meaning provided in Section 12.15. 

“Payment in Full Date”
shall mean the date on which all Obligations (other than (i) any Secured Bank
Product Obligations and (ii) any contingent indemnification obligations or other
contingent obligations not then due and payable) have been paid in full, all
Commitments have terminated or expired and no Letter of Credit is outstanding
(other than any Letter of Credit that is (x) Cash Collateralized by Cash
Collateral held in the LC Collateral Account, in the name of the applicable
Administrative Agent and for the benefit of the applicable Issuing Bank, in an
amount equal to 103.0% of the LC Exposure with respect to such Letter of Credit or (y) backstopped on terms
reasonably satisfactory to the applicable Issuing Bank).

“Payment Office” shall
  mean (i) with respect to the U.S. Subfacilityies the office
  of the Administrative Agent located at Bank of America, N.A., 20975 Swenson
  Drive, Suite 200, Waukesha, WI 53186 , Attention: Erin Cordes, (ii) with respect
  to the Canadian Subfacility, the office of the Administrative Agent located at
  Bank of America, N.A., Canada Branch, 181 Bay Street, Suite 400, Toronto, ON,
  M5J 2V8, Attention: Teresa Tsui and (iii) with respect to the Dutch Subfacility,
  the office of the Administrative Agent located at Bank of America N.A., 26
  Elmfield Road, Bromley, BR1 1WA, Attention: Michelle Stanley; or, in each case,
  such other office as the Administrative Agent may hereafter designate in writing
as such to the other parties hereto. 

“PBGC” shall mean the
Pension Benefit Guaranty Corporation established pursuant to Section 4002 of
ERISA, or any successor thereto. 

“PCMLTFA” shall mean
Proceeds of Crime (Money Laundering) and Terrorist Financing Act of Canada.

“Participating Member
State” shall mean any member state of the European Union that has the Euro
as its lawful currency in accordance with legislation of the European Union
relating to Economic and Monetary Union. 

“Perfection Certificate”
shall mean the Perfection Certificate substantially in the form approved by the
Collateral Agent, as the same may be supplemented from time to time pursuant to
Section 8.01(c). 

“Permitted Acquisition”
shall mean the acquisition by the Company or any Restricted Subsidiary of an
Acquired Entity or Business; provided that (i) the board of directors (or
similar governing body) of the Person to be so acquired, or the board of
directors of the Person that owns the assets to be so acquired, as the case may
be, either (x) shall have approved such acquisition or (y) shall not have
indicated publicly its opposition to the consummation of such acquisition (which
opposition has not been publicly withdrawn), (ii) if such acquisition involves
the acquisition of Equity Interests of a Person that upon such acquisition would
become a Subsidiary, such acquisition shall result in the issuer of such Equity
Interests becoming a Restricted Subsidiary and, to the extent required by
Section 8.10, a Guarantor, (iii) to the extent required by the Collateral
and Guarantee Requirement, such acquisition shall result in the Collateral
Agent, for the benefit of the Secured Creditors, being granted a security
interest in any Capital Stock or any assets so acquired, (iv) both immediately
prior to and after giving pro forma effect to such acquisition, no Event of
Default under either Section 10.01 or Section 10.05 shall have
occurred and be continuing and (v) immediately after giving pro forma effect to
such acquisition, the Company and its Restricted Subsidiaries shall be in
compliance with Section 9.09. 

“Permitted Acquisition
Consideration” shall mean, in connection with any Permitted Acquisition or
other acquisition, the aggregate amount (as valued at the Fair Market Value of
such Permitted Acquisition at the time such Permitted Acquisition is made) of,
without duplication: (a) the purchase consideration paid or payable for such
Permitted Acquisition, whether payable at or prior to the consummation of such
Permitted Acquisition or deferred for payment at any future time, whether or not
any such future payment is subject to the occurrence of any contingency, and
including any and all payments representing the purchase price and any
assumptions of Indebtedness and/or Contingent Obligations, “earn-outs” and other
agreements to make any payment the amount of which is, or the terms of payment
of which are, in any respect subject to or contingent upon the revenues, income,
cash flow or profits (or the like) of any Person or business and (b) the
aggregate amount of Indebtedness Incurred in connection with such Permitted
Acquisition; provided in each case, that any such future payment that is subject to a contingency shall be considered Permitted
Acquisition Consideration only to the extent of the reserve, if any, required
under GAAP (as determined at the time of the consummation of such Permitted
Acquisition) to be established in respect thereof by the Company or its
Restricted Subsidiaries. 

“Permitted Asset Swap”
  shall mean the substantially concurrent purchase and sale or exchange of Related
  Business Assets constituting Real Property or Equipment or a combination of
  Related Business Assets constituting Real Property or Equipment and Investment
  Cash Equivalents between the Company or any of the Restricted Subsidiaries and
  another Person; provided that any Investment Cash Equivalents received
  must be applied in accordance with Section 9.02 hereof; provided,
  further, that the assets received are pledged as Collateral to the extent
required by the Collateral and Guarantee Requirement. 

“Permitted Discretion”
shall mean the Administrative Agent’s reasonable credit judgment (from the
perspective of an asset-based Lender) in establishing Reserves exercised in good
faith in accordance with customary business practices for similar asset based
lending facilities, based upon its consideration of any factor that it
reasonably believes (i) could adversely affect the quantity, quality, mix or
value of Collateral included in the applicable Borrowing Base (including any
applicable Requirements of Law that may inhibit collection of a receivable), the
enforceability or priority of the Collateral Agent’s Liens thereon, or the
amount that the Administrative Agents, the Collateral Agent, the Lenders or the
Issuing Banks could receive in liquidation of any Collateral included in the
applicable Borrowing Base; (ii) that any collateral report or financial
information delivered by any Borrower or Guarantor is incomplete, inaccurate or
misleading; or (iii) could create a Default or Event of Default.

“Permitted Encumbrances”
shall mean, with respect to any Mortgaged Property, such exceptions to title as
are set forth in the mortgage title insurance policy delivered with respect
thereto, all of which exceptions must be reasonably acceptable to the
Administrative Agent. 

“Permitted Investments”
shall have the meaning provided in Section 9.05. 

“Permitted Liens”
shall have the meaning provided in Section 9.01. 

“Person” shall mean any
individual, partnership, joint venture, firm, corporation, association, limited
liability company, unlimited liability company, trust or other enterprise or any
government or political subdivision or any agency, department or instrumentality
thereof. 

“Plan” shall mean any
pension plan as defined in Section 3(2) of ERISA other than a Multiemployer
Plan, which is subject to Section 412 of the Code or Title IV of ERISA and is
maintained or contributed to by (or to which there is an obligation to
contribute of) a Credit Party or with respect to which a Credit Party has, or
may have, any liability, including, for greater certainty, liability arising
from an ERISA Affiliate. 

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

“PPSA” shall mean the
Personal Property Security Act (Ontario) and the regulations thereunder;
provided, however, if validity, perfection and effect of
perfection and non-perfection of the Collateral Agent’s Lien on any applicable
Collateral are governed by the personal property security Requirements of Law of
any Canadian jurisdiction other than Ontario, PPSA shall mean those personal
property security Requirements of Law (including the Civil Code of Quebec) in
such other jurisdiction for the purposes of the provisions hereof relating to
such validity, perfection and effect of perfection and non-perfection and for
the definitions related to such provisions, as from time to time in effect. 

“Preferred Stock” shall
mean any Equity Interest with preferential rights of payment of dividends or
upon liquidation, dissolution, or winding up. 

“Prime Rate” shall mean
the rate of interest announced by BANA from time to time as its prime rate. Such
rate is set by BANA on the basis of various factors, including its costs and
desired return, general economic conditions and other factors, and is used as a
reference point for pricing some loans, which may be priced at, above or below
such rate. Any change in such rate publicly announced by BANA shall take effect
at the opening of business on the day specified in the announcement. 

“Priority Lien” shall
have the meaning provided in the definition of the term “Canadian Priority
Payables”. 

“Pro Rata Percentage” of
any Lender at any time shall mean either (i) the percentage of the total
Revolving Commitments represented by such Lender’s Revolving Commitment, (ii)
the percentage of the total Canadian Revolving Commitments represented by such
Lender’s Canadian Revolving Commitment, (iii) the percentage of the total U.S.
Tranche A Revolving Commitments represented by
such Lender’s U.S. Tranche A Revolving Commitment, (iv)
the percentage of the total U.S. Tranche B Revolving Commitments represented by
such Lender’s U.S. Tranche B Revolving Commitment or (ivv) the
percentage of the total Dutch Revolving Commitments represented by such Lender’s
Dutch Revolving Commitment, as applicable. The initial Pro Rata Percentages of
each Lender under one or more Subfacilities are set forth opposite the name of
such Lender on Schedule 2.01 or in the Assignment and Assumption
Agreement pursuant to which such Lender becomes a party hereto, as applicable.

“Projections” shall have
the meaning provided in Section 5.10. 

“Protective Advance” shall
have the meaning provided in Section 2.18.

“Purchase Money
Obligations” shall mean Indebtedness incurred to finance or refinance the
acquisition or leasing by the Company or a Restricted Subsidiary of such asset,
including additions and improvements or the installation, construction,
improvement or restoration of such asset and whether acquired through the direct
acquisition of such property or assets, or otherwise (including through the
purchase of Capital Stock of any Person owning such property or assets);
provided that any Lien arising in connection with any such
Indebtedness shall be limited to the specified asset being financed or, in the
case of real property or fixtures, including additions and improvements, the
real property on which such asset is attached; provided further
that such Indebtedness is incurred within 365 days after such acquisition or
lease of, or the completion of construction of, such asset by the Company or
Restricted Subsidiary. 

“Qualified Equity
Interests” shall mean any Equity Interests that are not Disqualified
Stock.

“Quebec Hypothec” has the
meaning provided to such term in clause (ii) of the definition of the term
“Canadian Security Agreements”. 

“Rate Determination Date”
shall mean two (2) Business Days prior to the commencement of such Interest
Period (or such other day as is generally treated as the rate fixing day by
market practice in such interbank market, as reasonably determined by the
applicable Administrative Agent; provided that, to the extent such market
practice is not administratively feasible for the applicable Administrative
Agent, such other day as otherwise reasonably determined by the applicable
Administrative Agent). 

“Rating Agencies” shall
mean Moody’s and S&P or if Moody’s or S&P or both shall not make a
rating on the applicable securities publicly available, a nationally recognized
statistical rating agency or agencies, as the case may be, selected by the Company which
shall be substituted for Moody’s or S&P or both, as the case may be. 

“RDPRM” means Registre Des
Droits Personneles et Réels Mobiliers de Quebec.

“Real Property” of any
Person shall mean, collectively, the right, title and interest of such Person
(including any leasehold, mineral or other estate) in and to any and all land,
improvements and fixtures owned, leased or operated by such Person, together
with, in each case, all easements, hereditaments and appurtenances relating
thereto, all improvements and appurtenant fixtures and equipment, all general
intangibles and contract rights and other property and rights incidental to the
ownership, lease or operation thereof. 

“Receivables Collection
Reserve” shall mean a reserve in the amount reasonably anticipated by the
Administrative Agent, in its Permitted Discretion, to be necessary to compensate
the Administrative Agent for fees or other amounts payable to a Dutch
administrator to collect amounts due on Eligible Accounts with Account Debtors
located in Account Debtor Approved Countries with respect to which the
Additional Account Security Actions have not been taken. 

“Recipient” shall have the
meaning provided in Section 4.02(b). 

“Refinancing Indebtedness”
shall have the meaning provided in Section 9.04. 

“Refunding Capital Stock”
shall have the meaning provided in Section 9.03(b)(ii).

“Regulation D” shall mean
Regulation D of the Board of Governors of the Federal Reserve System as from
time to time in effect and any successor to all or a portion thereof
establishing reserve requirements. 

“Regulation T” shall mean
Regulation T of the Board of Governors of the Federal Reserve System as from
time to time in effect and any successor to all or a portion thereof. 

“Regulation U” shall mean
Regulation U of the Board of Governors of the Federal Reserve System as from
time to time in effect and any successor to all or a portion thereof. 

“Regulation X” shall mean
Regulation X of the Board of Governors of the Federal Reserve System as from
time to time in effect and any successor to all or a portion thereof. 

“Related Business Assets”
shall mean assets (other than Investment Cash Equivalents) used or useful in a
Similar Business, provided that any assets received by the Company or a
Restricted Subsidiary in exchange for assets transferred by the Company or a
Restricted Subsidiary shall not be deemed to be Related Business Assets if they
consist of securities of a Person, unless upon receipt of the securities of such
Person, such Person would become a Restricted Subsidiary. 

“Related Real Estate
Documents” shall mean (i) a Mortgage and, if applicable, fixture filings;
(ii) a mortgagee title insurance policy (or unconditional commitment to issue
such policy), insuring the Collateral Agent’s interest under the Mortgage, in a
form and by an insurer reasonably acceptable to the Collateral Agent in an
amount not to exceed the Fair Market Value of the Mortgaged Property under the
Mortgage, which must be fully paid on such effective date; (iii) solely with
respect to a Mortgage on Real Property located in the United States, a new ALTA
survey or (b) an existing as-built survey of the Mortgaged Property (together
with a no change affidavit) sufficient for the title company to remove the
standard survey exceptions and issue the survey-related endorsements (to the
extent such endorsements are available at commercially reasonable rates); (iv) solely
with respect to a Mortgage on Real Property located in Canada, and only to the
extent required by the applicable title company to remove the standard survey
exceptions and issue the survey-related endorsements (to the extent such
endorsements are available at commercially reasonable rates), either (a) an
existing as-built survey of the Mortgaged Property (together with a no change
affidavit), or (b) if insufficient, a new survey prepared by a qualified land
surveyor; (v) solely with respect to a Mortgage on Real Property located in the
United States, a life-of-loan flood hazard determination and, if the Mortgaged
Property is located in a flood plain, an acknowledged notice to borrower and
evidence of flood insurance in accordance with Section 8.03; (vi) a
mortgage opinion, addressed to the Collateral Agent and the Secured Creditors
covering the due authorization, execution, delivery and enforceability of the
applicable Mortgage and such other customary matters incident to the
transactions contemplated herein as the Administrative Agent may reasonably
request (if not covered by title insurance), and shall otherwise be in form and
substance reasonably satisfactory to the Administrative Agent; (vii) evidence
reasonably satisfactory to the Administrative Agent that the applicable Credit
Parties have delivered to the title company such standard and customary
affidavits, certificates, information, instruments of indemnification (including
so-called “gap” indemnification) and other documents as may be reasonable
necessary to cause the title company to issue the title insurance policies as
contemplated by clause (ii) above; and (viii) evidence reasonably satisfactory
to the Administrative Agent of payment by the Company or other applicable Credit
Party of all title policy premiums, search and examination charges, escrow
charges and related charges, mortgage recording taxes, fees, charges, costs and
expenses required for the recording of the Mortgages, fixture filings and other
real estate documents and the issuance of the title policies contemplated by
clause (ii) above. 

“Release” shall mean
  disposing, discharging, injecting, spilling, pumping, leaking, leaching,
  dumping, emitting, escaping, emptying, pouring or seeping into, through or upon
  the Environment or within, from or into any building or other occupied structure
or facility. 

“Relevant Borrower” shall
mean, with respect to any Borrowing, the Borrower requesting such Borrowing or
with respect to any Letter of Credit, the Borrower requesting the issuance of
same. 

“Rent Reserve” shall mean
with respect to any facility, warehouse, distribution center or depot where any
Inventory or Equipment subject to Liens arising by operation of law is located
and with respect to which no Collateral Access Agreement is in effect, a reserve
equal to (a) in the case of any leased location, three months gross rent at such
facility, warehouse, distribution center or depot and (b) in the case of any
other such location, an amount reasonably determined by the Administrative Agent
in its Permitted Discretion in accordance with the provisions of Section
2.22 in respect of the liabilities owed to the applicable bailee or
warehouseman. 

“Replaced Lender” shall
have the meaning provided in Section 3.04. 

“Replacement Lender” shall
have the meaning provided in Section 3.04.

“Required Lenders” shall
mean Non-Defaulting Lenders holding more than 50% of the sum of the (i) total
Outstanding Amount (with the aggregate amount of each Revolving Lender’s risk
participation and funded participation in LC Obligations and Swingline Loans
being deemed “held” by such Revolving Lender for purposes of this definition)
and (ii) aggregate unused Commitments held by Non-Defaulting Lenders at such
time as of any date of determination. 

“Required Reserve Notice”
shall mean (a) so long as no Event of Default has occurred and is continuing, at
least three Business Days’ advance notice to the Company, and (b) if an Event of
Default has occurred and is continuing, one Business Days’ advance notice to the
Company (or no advance notice to the Company, as may reasonably be determined to be
appropriate by the Administrative Agent in its Permitted Discretion to protect
the interests of the Lenders). Notwithstanding the preceding sentence, changes
to the Reserves solely for purposes of (a) correcting mathematical or clerical
errors or (b) imposing restrictions to account for the limitations on Account
Debtors in certain Account Debtor Approved Countries upon any Cash Dominion
Event, shall not be subject to such notice period. 

“Requirement of Law”
  shall mean, with respect to any Person, any statute, law, treaty, rule,
  regulation, order, decree, writ, official administrative pronouncement,
  injunction or determination of any arbitrator or court or other Governmental
  Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject. 

“Reserves” shall mean,
without duplication of any items that are otherwise addressed or excluded
through eligibility criteria (including the Collateral and Guarantee
Requirement, the Additional Account Security Actions and the Additional
Inventory Security Actions), such reserves as the Administrative Agent from time
to time establishes or modifies in its Permitted Discretion in accordance with
the provisions of Section 2.22, including, without limitation, Dilution
Reserves, Rent Reserves, Hedge Reserves, Amortization Reserves, the FILO Reserve Shortfall (in accordance with the last sentence
of this definition) and with respect to the Canadian Borrowing Base,
the Canadian Priority Payables Reserve and the Receivables Collection Reserve
(solely during a Cash Dominion Period). If at any time
prior to the U.S. Tranche B Maturity Date the aggregate principal amount of U.S.
Tranche B Revolving Loans outstanding exceed the U.S. Tranche B Borrowing Base,
then the Administrative Agent shall be entitled to establish a reserve against
the U.S. Tranche A Borrowing Base in an amount equal to the FILO Reserve
Shortfall; provided that, if after the establishment of such reserve, the U.S.
Tranche B Borrowing Base exceeds the aggregate principal amount of U.S. Tranche
B Revolving Loans outstanding at such time, then the Administrative Agent will
remove such reserve. 

“Responsible Officer”
shall mean, with respect to any Person, its chief executive officer, president,
chief financial officer or any vice president, treasurer, chief accounting
officer, controller or other officer of such Person having substantially the
same authority and responsibility, or in relation to a Dutch Credit Party, its
director or any other person validly authorized to represent that Dutch Credit
Party and, as to any certificate (other than (i) the Borrowing Base Certificate
and (ii) the solvency certificate), delivered on the Closing Date, any secretary
or assistant secretary of such Person; provided that, with respect to
compliance with financial covenants, and the certificate required to be
delivered pursuant to clause (iv) of the definition of “Distribution
Conditions”, “Responsible Officer” shall mean the chief executive office, chief
financial officer, treasurer, chief accounting officer or controller of the
Company, or any other officer of the Company having substantially the same
authority and responsibility. 

“Restricted Investment”
shall mean any Investment other than a Permitted Investment.

“Restricted Junior Debt
Prepayments” shall mean principal payments on, and redemptions, defeasances
and other acquisitions or retirements for value of, any Junior Debt, in each
case, prior to any scheduled repayment or sinking fund payment with respect
thereto or maturity thereof, other than Junior Debt permitted under clauses
(vii), (viii) or (ix) of Section 9.04. 

“Restricted Payment” shall
have the meaning provided in Section 9.03(a).

“Restricted Subsidiary”
shall mean each Subsidiary other than any Unrestricted Subsidiary. Unless the
context otherwise requires, “Restricted Subsidiaries” shall mean the Restricted
Subsidiaries of the Company. The U.S. Credit Parties, the Canadian Credit
Parties (other than the Company) and the Dutch Credit Parties shall at all times
constitute Restricted Subsidiaries of the Company. 

“Returns” shall have the
meaning provided in Section 7.09.

“Revaluation Date” shall
mean (a) with respect to any Ex-FILO Revolving
Loan, each of the following: (i) each date of a Borrowing denominated in a
currency other than Dollars, (ii) each date of a continuation of a Loan
denominated in a currency other than Dollars pursuant to Section 2.08,
and (iii) such additional dates as set forth in Section 1.06(a); and (b) with
respect to any Letter of Credit, each of the following: (i) each date of
issuance of a Letter of Credit denominated in a currency other than Dollars,
(ii) each date of an amendment of any such Letter of Credit having the effect of
increasing the amount thereof, (iii) each date of any payment by the Issuing
Bank under any Letter of Credit denominated in a currency other than Dollars,
(iv) in the case of all Existing Letters of Credit denominated in a currency
other than Dollars, the Closing Date, and (v) such additional dates as set forth
in Section 1.06(a) . 

“Revolving Availability
Period” shall mean the period from and including the Closing Date to but
excluding the earlier of the Maturity Date and the date of termination of the
Ex-FILO Revolving Commitments. 

“Revolving Borrowing”
shall mean a Canadian Revolving Borrowing, a Dutch Revolving Borrowing, a U.S. Tranche A Revolving Borrowing and/or a U.S.
Tranche B Revolving Borrowing, as the context
may require. 

“Revolving Commitment”
shall mean the Canadian Revolving Commitment, the U.S. Tranche A Revolving Commitment, the U.S. Tranche B
Revolving Commitment, and/or the Dutch Revolving Commitment, as the context may
require. The aggregate amount of Revolving Commitments of
the Lenders as of the Second Amendment Effective Date is
$370,000,000. 

“Revolving Commitment
Increase” shall have the meaning provided in Section 2.15(a). 

“Revolving Commitment Increase
Notice” shall have the meaning provided in Section 2.15(b).

“Revolving Exposure” shall
mean the Canadian Revolving Exposure, the U.S. Tranche A
Revolving Exposure, the U.S. Tranche B Revolving Exposure, and/or the
Dutch Revolving Exposure, as the context may require. 

“Revolving Lender” shall
mean a Lender with a Revolving Commitment.

“Revolving Loans” shall
mean Canadian Revolving Loans, U.S. Tranche A
Revolving Loans, U.S. Tranche B Revolving
Loans, Dutch Revolving Loans, Protective Advances and/or Overadvance
Loans, as the context may require. 

“Revolving Note” shall
mean the U.S. Tranche A Revolving Note, U.S. Tranche B Revolving Note, the Canadian
Revolving Note and/or the Dutch Revolving Note. 

“S&P” shall mean
Standard & Poor’s Ratings Services, a division of the McGraw Hill Company,
Inc., and any successor owner of such division. 

“Sale-Leaseback
Transaction” shall mean any arrangement providing for the leasing by the
Company or any of the Restricted Subsidiaries of any real or tangible personal
property, which property has been or is to be sold or transferred by the Company
or such Restricted Subsidiary to a third Person in contemplation of such
leasing. 

“Sanction(s)” shall mean
any sanction administered or enforced by the United States Government (including
without limitation, OFAC), the United Nations Security Council, the European
Union, Her Majesty’s Treasury (“HMT”) or the federal government of
Canada. 

“SEC” shall have the
meaning provided in Section 8.01(g).

“Second
Amendment” shall mean the Second Amendment and Joinder to the Credit Agreement
dated as of September 19, 2017, among the Borrowers, U.S. Administrative Agent,
the Canadian Administrative Agent and the Dutch Administrative Agent, Lenders
constituting Required Lenders (as defined in this Agreement immediately prior to
the Second Amendment Effective Date) and the U.S. Tranche B Revolving
Lenders. 

“Second
Amendment Effective Date” shall mean the date upon which the conditions set
forth in Section 5 of the Second Amendment are satisfied, which date is
September 19, 2017. 

“Second Lien Claimholders”
shall have the meaning provided in the Intercreditor Agreement. 

“Second Lien Collateral
Agent” shall have the meaning provided in the Intercreditor Agreement.

“Second Lien Loan
Agreement” shall mean the Second
Lien Loan Agreement, dated as of October 9, 2015, among the Company,
the U.S. Parent
Borrower, certain subsidiaries of
the Company, the lending institutions from time to time parties thereto and Bank
of Montreal, as administrative agent and collateral agent. 

“Second Lien
Loans” shall mean the loans
incurred pursuant to the Second Lien Loan Agreement. 

“Second Lien Notes” shall
mean the second lien notes that may be issued pursuant to the Second Lien Notes
Indenture. 

“Second Lien Notes
Indenture” shall mean the form of
Senior Secured Second Lien Notes Indenture, attached as Exhibit B to the Second Lien Loan Agreement, that
will be entered into if dated October 20,
2016, by and among, the U.S. Parent Borrower exchanges the Second Lien Loans for Second Lien Notes or such
other agreement as may govern any Refinancing Indebtedness in respect to the
Second Lien Loans and related obligations under the Second Lien Loan Agreement
and the related loan documents., the
guarantors from time to time party thereto, and U.S. Bank National Association
as trustee and notes collateral agent. 

“Section 8.01 Financials”
shall mean the quarterly and annual financial statements required to be
delivered pursuant to Sections 8.01(a) and (b). 

“Secured Bank Product
Obligations” shall mean all obligations in respect of Bank Product Debt
(including obligations which, but for the automatic stay under Section 362(a) of
the Bankruptcy Code or a stay under any applicable Debtor Relief Laws in any
jurisdiction would become due and including any interest, fees and other amounts
accruing after the commencement of any proceeding under any applicable Debtor
Relief Laws in any jurisdiction, whether or not such interest, fees and other
amounts are allowed or allowable claims in such proceeding) owing to a Secured
Bank Product Provider, up to the maximum amount (in the case of any Secured Bank
Product Provider other than BANA and its Affiliates or branches) specified by
such provider in writing to the Administrative Agent, which amount may be
established or increased (by further written notice by the Company to the
Administrative Agent from time to time) as long as no Default or Event of
Default then exists. 

“Secured Bank Product
Provider” shall mean each Cash Management Bank and each Secured Hedge Bank;
provided that such provider who is not BANA delivers written notice to
the Administrative Agent, in form and substance satisfactory to the
Administrative Agent, (i) describing the Bank Product and setting forth the
maximum amount to be secured by the Collateral and the methodology to be used in
calculating such amount, and (ii) agreeing to be bound by Section 11.12;
provided, further, that (x) in the case of any Bank Product in
existence on the Closing Date that is provided by a Person (other than BANA) who
is, as of the Closing Date, a Lender, an Agent, a Joint Lead Arranger or an
Affiliate of a Person who is, as of the Closing Date, a Lender, an Agent or a
Joint Lead Arranger, such written notice required by the immediately preceding
proviso shall be delivered to the Administrative Agent on or prior to the
Closing Date and (y) in the case of any Bank Product not in existence on the
Closing Date that is provided by a Secured Hedge Bank or a Secured Cash
Management Bank (other than the U.S. Administrative Agent at the time of the
creation of the relevant Bank Product), such written notice required by the
immediately preceding proviso shall be delivered to the Administrative Agent
within 30 calendar days after the creation of the relevant Bank Product. 

“Secured Creditors” shall
mean, collectively, the Administrative Agents, the Collateral Agent, the
Lenders, the Issuing Banks and each Secured Bank Product Provider. 

“Secured Hedge Bank” shall
mean any Person that is a counterparty to a Hedging Agreement with a Credit
Party or one of its Restricted Subsidiaries, in its capacity as such, and that
either (i) was a Lender, an Agent, a Joint Lead Arranger or an Affiliate of a
Lender, an Agent, or a Joint Lead Arranger at the time it entered into such
Hedging Agreement or (ii) becomes a Lender, an Agent or an Affiliate of a Lender
or an Agent after it has entered into such Hedging Agreement. 

“Secured Reserved Hedge”
shall mean any Secured Bank Product Obligations arising under a Hedging
Agreement with a Secured Hedge Bank with respect to which the Company and the
Secured Bank Product Provider thereof have notified the Administrative Agent of
the intent to include such Secured Bank Product Obligations as permitted to be
repaid under clause seventh of the default waterfall set forth in
Section 10.11 and with respect to which the Administrative Agent in its
Permitted Discretion in accordance with the provisions of Section 2.22
establishes a Hedge Reserve in respect thereof in an amount equal to the Swap
Termination Value in respect thereof so long as no Overadvance would result from
establishment of a Hedge Reserve for such amount and for all other Secured
Reserved Hedges. 

“Secured Unreserved Hedge”
shall mean any Secured Bank Product Obligations arising under a Hedging
Agreement other than a Secured Reserved Hedge. 

“Securities Act” shall
mean the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder. 

“Security Agreements”
shall mean (i) the Canadian Security Agreements, (ii) the U.S. Security
Agreement and (iii) the Dutch Security Agreements.

“Security Document” shall
mean and include each Canadian Security Document, each Dutch Security Document,
each U.S. Security Document, the English Control Agreements, the charges or
other similar security documents entered into in Inventory Approved Countries
and/or Account Debtor Approved Countries, as the context may require, and, after
the execution and delivery thereof, any other document pursuant to which a Lien
is granted to a Collateral Agent to secure the Obligations. 

“Settlement Date” shall
have the meaning provided in Section 2.14(a).

“Significant Asset Sale”
shall mean each Asset Sale (and any Casualty Event) with respect to Collateral
resulting in net cash proceeds in excess of 10% of the Borrowing Base. 

“Similar Business” shall
mean (a) any business engaged or proposed to be engaged in by the Company or any
of the Restricted Subsidiaries on the Closing Date and any reasonable extension
thereof and (b) any business or other activities that are reasonably similar,
ancillary, incidental, complementary or related to, or a reasonable extension,
development or expansion of, the businesses in which the Company and the
Restricted Subsidiaries are engaged or proposed to be engaged on the Closing
Date. 

“Solvent” shall mean, at
the time of determination (a) each of the Fair Value and the Present Fair
Saleable Value of the assets of a Person and its Subsidiaries taken as a whole
exceed their Stated Liabilities and Identified Contingent Liabilities; (b) such
Person and its Subsidiaries taken as a whole do not have Unreasonably Small
Capital; and (c) such Person and its Subsidiaries taken as a whole can pay their
Stated Liabilities and Identified Contingent Liabilities as they mature. Defined
terms used in the foregoing definition shall have the meanings set forth in the
solvency certificate delivered on the Closing Date pursuant to Section
5.05. 

“Specified Existing Revolving
Commitment Class” shall have the meaning provided in Section
2.19(a).

“Specified Payment” shall
mean (a) any Restricted Payment, Restricted Junior Debt Prepayment or
redesignation of a Restricted Subsidiary as an Unrestricted Subsidiary that, in
each case, is subject to the satisfaction of the Distribution Conditions or (b)
any Investment (including a Permitted Acquisition) or incurrence of Indebtedness
that, in each case, is subject to the satisfaction of the Investment and Junior
Debt Incurrence Conditions.

“Spot Rate” shall mean, on
any day with respect to any currency, the exchange rate that is applicable to
conversion of one currency into another currency, which is (a) the exchange rate
reported by Bloomberg (or other commercially available source designated by the
Administrative Agent) as of the end of the preceding Business Day in the
financial market for the first currency; or (b) if such report is unavailable
for any reason, the spot rate, as determined by the Administrative Agent and
posted on a daily basis to the electronic loan platform maintained by the
Administrative Agent and accessible by the parties hereto (the “Electronic
Platform”), for the purchase of the first currency with the second currency
as in effect during the preceding business day in the Administrative Agent's
principal foreign exchange trading office for the first currency;
provided that in the case of clause (b) only, if such exchange rate is
not posted to the Electronic Platform on any day with respect to any currency,
the Spot Rate on such day with respect to such currency shall be equal to the
Spot Rate for such currency on the most recent preceding date on which a Spot
Rate with respect to such currency was posted to the Electronic Platform. 

“Stated Amount” of any
Letter of Credit shall mean, unless otherwise specified herein, the stated
amount of such Letter of Credit in effect at such time. 

“Subfacilities” shall have
the meaning provided in the recitals hereto.

“Subordinated Intercompany
Note” shall mean the Subordinated Intercompany Note, dated as of the Closing
Date, substantially in the form of Exhibit L hereto, executed by the Company,
each Restricted Subsidiary of the Company and each other Credit Party, together
with any joinders thereto. 

“Subsidiary” shall mean,
as to any Person, (i) any corporation, association, or other business entity
(other than a partnership, joint venture, limited liability company or similar
entity) of which more than 50.0% of the total voting power of shares of Capital
Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors,
managers or trustees thereof is at the time of determination owned or
controlled, directly or indirectly, by such Person or one or more of the other
Subsidiaries of that Person or a combination thereof and (ii) any partnership,
joint venture, limited liability company or similar entity of which (A) more
than 50.0% of the capital accounts, distribution rights, total equity and voting
interests or general or limited partnership interests, as applicable, are owned
or controlled, directly or indirectly, by such Person or one or more of the
other Subsidiaries of that Person or a combination thereof whether in the form
of membership, general, special or limited partnership or otherwise, and (B)
such Person or any Restricted Subsidiary of such Person is a controlling general
partner or otherwise controls such entity. 

“Subsidiary Guarantor”
  shall have the meaning provided in the definition of the term “Collateral and
Guarantee Requirement”. 

“Successor Company” shall
have the meaning provided in Section 9.11(a) . 

“Successor Person” shall
have the meaning provided in Section 9.11(b). 

“Successor U.S. Parent
Borrower” shall have the meaning provided in Section 9.11(a).

“Supermajority
Lenders” shall mean those
Non-Defaulting Lenders which would constitute the Required Lenders under, and as
defined in, this Agreement if the percentage “50%” contained therein were
changed to “66-2/3%.” 

“Supermajority Lenders”
shall mean Non-Defaulting Lenders holding more than 66-2/3% of the sum of the
(i) total Outstanding Amount under the Subfacilities (with the aggregate amount
of each Revolving Lender’s risk participation and funded participation in LC
Obligations and Swingline Loans being deemed “held” by such Revolving Lender for
purposes of this definition) and (ii) aggregate unused Revolving Commitments
held by Non-Defaulting Lenders at such time as of any date of determination.

“Supermajority Ex-FILO Lenders” shall mean Non-Defaulting Lenders
holding more than 66-2/3% of the sum of the (i) total Outstanding Amount under
the Ex-FILO Subfacilities (with the aggregate amount of each Ex-FILO Revolving
Lender’s risk participation and funded participation in LC Obligations and
Swingline Loans being deemed “held” by such Ex-FILO Revolving Lender for
purposes of this definition) and (ii) aggregate unused Ex-FILO Revolving
Commitments held by Non-Defaulting Lenders at such time as of any date of
determination. 

“Supermajority Tranche B Lenders” shall mean Non-Defaulting
Lenders holding more than 66-2/3% of the sum of the (i) total Outstanding Amount
under the U.S. Tranche B Subfacility and (ii) aggregate unused U.S. Tranche B
Revolving Commitments held by Non-Defaulting Lenders at such time as of any date
of determination. 

“Swap Obligation” shall
mean any obligation to pay or perform under any agreement, contract or
transaction that constitutes a “swap” within the meaning of Section 1a(47) of
the Commodity Exchange Act. 

“Swap Termination Value”
shall mean, in respect of any one or more Hedging Agreements, after taking into
account the effect of any legally enforceable netting agreement relating to such
Hedging Agreements, (a) for any date on or after the date such Hedging
Agreements have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to
the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Hedging Agreements, as determined based upon
one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging
Agreements (which may include a Lender or any Affiliate of a Lender). 

“Swingline Commitment”
  shall mean the U.S. Swingline Commitment, the Dutch Swingline Commitment and/or
the Canadian Swingline Commitment. 

“Swingline Exposure” shall
mean, with respect to any Lender, at any time, such Lender’s Pro Rata Percentage
under the applicable Subfacility or Subfacilities of the Swingline Loans
outstanding at such time under such Subfacility or Subfacilities. 

“Swingline Lender” shall
mean the U.S. Swingline Lender, the Dutch Swingline Lender and/or the Canadian
Swingline Lender. 

“Swingline Loan” shall
mean U.S. Swingline Loans, Dutch Swingline Loans and/or Canadian Swingline
Loans. 

“Swingline Note” shall
mean U.S. Swingline Notes, Dutch Swingline Notes and/or Canadian Swingline
Notes. 

“Swiss Francs” or “Fr.”
shall mean the lawful currency of Switzerland.

“Taxes” shall mean any and
all present or future taxes, levies, imposts, duties, deductions, charges, fees,
assessments, liabilities or withholdings imposed by any Governmental Authority,
including any interest, penalties and additions to tax with respect thereto.

“Test Period” shall mean
each period of four consecutive fiscal quarters of the Company (in each case
taken as one accounting period) for which financial statements have been (or
were required to be) delivered pursuant to Section 8.01. 

“Threshold Amount” shall
mean $20,000,000.

“Total Excess
Availability” shall mean, at any time, the amount equal to (i) the Line Cap
at such time minus (ii) the sum of, without duplication (A) the Dollar
Equivalent of the aggregate Revolving Loans and Swingline Loans then outstanding
and (B) the Dollar Equivalent of the aggregate LC Exposure at such time.

“Transaction” shall mean,
collectively, (i) the execution, delivery and entering into of the Credit
Documents and the incurrence of Loans on the Closing Date, (ii) the repayment of
the “Obligations” under and as defined in the Existing Credit Agreements and
(iii) the payment of all Transaction Costs. 

“Transaction Costs” shall
mean the fees, premiums and expenses payable by the Company and its Subsidiaries
in connection with the transactions described in clauses (i) through (ii) of the
definition of the term “Transaction.” 

“Treasury Capital Stock”
shall have the meaning provided in Section 9.03(b)(ii) .

“Type” shall mean the type
of Loan determined with regard to the interest option applicable thereto,
i.e., whether a U.S. Base Rate Loan, Eurocurrency Rate Loan, Canadian
Base Rate Loan, Canadian Prime Loan, European Base Rate Loan or B/A Equivalent
Loan. 

“UCC” shall mean the
Uniform Commercial Code in effect in the State of New York from time to time;
provided, however, that, at any time, if by reason of mandatory
provisions of any Requirement of Law, the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York governs, the term “UCC” shall
mean the Uniform Commercial Code as in effect, at such time, in such other
jurisdiction for purposes of the provisions relating to such perfection or
priority and for purposes of definitions relating to such provisions. 

“United States” and
“U.S.” shall each mean the United States of America. 

“Unreimbursed Amount”
shall have the meaning specified in Section 2.13(d).

“Unrestricted Subsidiary”
shall mean (i) each Subsidiary of the Company listed on Schedule 1.01A
and (ii) any Subsidiary of the Company designated by the board of directors of
the Company as an Unrestricted Subsidiary pursuant to Section 8.14
subsequent to the Closing Date; provided, however, that no
Borrower shall be designated as an Unrestricted Subsidiary. 

“Unused Line Fee” shall have the
meaning provided in Section
2.05(a).

“Unused Line Fee
Rate” shall mean, for any day,
(i) initially, a percentage per annum equal to 0.30% and (ii) following the end
of the first full fiscal
quarter after the Closing Date, a
percentage per annum determined by reference to the following grid based on the
Average Usage under the applicable Subfacility as of the most recent Adjustment
Date: 

	Average Usage
    	Unused Line Fee
    Rate 
	< 25% 	0.30% 
	≥
      25% 	0.25% 

“U.S. Administrative
Agent” shall have the meaning provided in the preamble hereto and any
successor thereto appointed pursuant to Section 11.09. 

“U.S. Base Rate” at any
time shall mean the highest of (i) the Prime Rate, (ii) the rate which is 1/2 of
1% in excess of the Federal Funds Rate and (iii) the Eurocurrency Rate for a
Eurocurrency Rate Loan with a one-month interest period commencing on such day
plus 1.00% . For purposes of this definition, the Eurocurrency Rate shall
be determined using the Eurocurrency Rate as otherwise determined by the U.S.
Administrative Agent in accordance with the definition of Eurocurrency Rate. Any
change in the U.S. Base Rate due to a change in the Prime Rate, the Federal
Funds Rate or such Eurocurrency Rate shall be effective as of the opening of
business on the day of such change in the Prime Rate, the Federal Funds Rate or
such Eurocurrency Rate, respectively. 

“U.S. Base Rate Loan”
shall mean each Revolving Loan which is designated or deemed designated as a
U.S. Base Rate Loan by the applicable U.S. Borrower at the time of the
incurrence thereof or conversion thereto. 

“U.S. Borrowers” shall
mean the U.S. Parent Borrower and each Domestic Subsidiary of the Company that
executes a counterpart hereto and to any other applicable Credit Document to
become a Borrower, whether on the Closing Date or after the Closing Date in
accordance with Section 2.21. 

“U.S.
Collateral” shall mean all the “Collateral” (or equivalent term) as defined in
the U.S. Security Agreement and all other property (whether real, personal or
otherwise) with respect to which any security interests have been granted (or
purported to be granted) by any U.S. Credit Parties pursuant to any U.S.
Security Document.

“U.S. Collection Account”
shall have the meaning provided in Section 8.15(c)(ii). 

.“U.S.
Collection Bank” shall have the meaning provided in Section
8.15(c)(ii). 

“U.S. Credit Party” shall
mean each U.S. Borrower and each U.S. Subsidiary Guarantor.

“U.S.
Dilution Reserve” shall mean, at any date, (i) the amount by which the
consolidated Dilution Ratio of Eligible U.S. Accounts exceeds five percent (5%)
multiplied by (ii) the Eligible U.S. Accounts on such date. 

“U.S.
Dollars” or “Dollars” and the sign “$” shall each mean freely transferable
lawful money (expressed in dollars) of the United States. 

“U.S. Dominion Account”
shall have the meaning provided in Section 8.15(c)(i).

“U.S.
Equipment Component” shall have the meaning provided in the definition of the
term “U.S. Tranche A Borrowing
Base”. 

“U.S.
Fixed Asset Amount” shall have the meaning provided in the definition of the
term “U.S. Tranche A Borrowing
Base”. 

“U.S.
Issuing Bank” shall mean, as the context may require, (a) BANA or any Affiliate
of BANA with respect to Letters of Credit issued by it; (b) any other Lender
that may become an Issuing Bank pursuant to Sections 2.13(i) and 2.13(k), with
respect to Letters of Credit issued by such Lender; (c) with respect to any
Existing Letter of Credit set forth on Part C of Schedule 1.01B, the Lender
which is the issuer of such Existing Letter of Credit or (d) collectively, all
of the foregoing. 

“U.S. LC
Credit Extension” shall mean, with respect to any U.S. Letter of Credit, the
issuance, amendment or renewal thereof or extension of the expiry date thereof,
or the increase of the amount thereof. 

“U.S. LC
Disbursement” shall mean a payment or disbursement made by a U.S. Issuing Bank
pursuant to a U.S. Letter of Credit. 

“U.S. LC
Documents” shall mean all documents, instruments and agreements delivered by a
U.S. Borrower or any other Person to a U.S. Issuing Bank or the U.S.
Administrative Agent in connection with any U.S. Letter of Credit.

“U.S. LC
Exposure” shall mean at any time the sum of (a) the aggregate undrawn Stated
Amount of all outstanding U.S. Letters of Credit at such time plus (b) the
aggregate principal amount of all U.S. LC Disbursements that have not yet been
reimbursed at such time. The U.S. LC Exposure of any Revolving Lender at any
time shall mean its Pro Rata Percentage of the aggregate U.S. LC Exposure at
such time. 

“U.S. LC
Obligations” shall mean the sum (without duplication) of (a) all amounts owing
by the U.S. Borrower in respect of any U.S. LC Disbursements (including any
payment obligations arising therefrom); and (b) the Stated Amount of all
outstanding U.S. Letters of Credit. 

“U.S. LC Sublimit” shall
mean $50,000,000.

“U.S.
Letter of Credit” shall mean any letters of credit issued or to be issued by a
U.S. Issuing Bank under the U.S. Tranche
A Subfacility for the account of the U.S.
Borrowers pursuant to Section 2.13, whether
such letter of credit was issued under the Existing Credit Agreement or this
Agreement. 

“U.S.
Parent Borrower” shall have the meaning provided in the recitals hereto and
shall include, if applicable, any Successor U.S. Parent Borrower.

“U.S.
Revolving Lenders” shall mean the U.S. Tranche A Revolving Lenders and the U.S.
Tranche B Revolving Lenders. 

 “U.S.
Real Estate Component” shall have the meaning provided in the definition of the
term “U.S. Tranche A Borrowing
Base”. 

“U.S.
Security Documents” shall mean the U.S. Security Agreement and, after the
execution and delivery thereof, each Mortgage executed and delivered by any U.S.
Credit Party with respect to any Real Property of such U.S. Credit Party and
each other document executed and delivered by any U.S. Credit Party pursuant to
which a Lien is granted (or purported to be granted) in favor of the Collateral
Agent to secure the Obligations, and each document, if any, executed and
delivered by any U.S. Credit Party pursuant to the Additional Account Security
Actions. 

“U.S.
Subfacilities” means collectively the U.S. Tranche A Subfacility and the U.S.
Tranche B Subfacility. 

“U.S.
Subsidiary Guarantor” shall mean each Domestic Restricted Subsidiary (other than
the U.S. Borrowers) in existence on the Closing Date (other than any Excluded
Subsidiary), as well as each Domestic Restricted Subsidiary established, created
or acquired after the Closing Date which becomes a party to this Agreement as a
Guarantor in accordance with the Collateral and Guarantee
Requirement. 

“U.S.
Swingline Commitment” shall mean the
commitment of the U.S. Swingline Lender to make loans under the U.S.
Tranche A Subfacility pursuant to Section 2.12, as the same may be reduced
from time to time pursuant to Section 2.07. 

“U.S.
Swingline Exposure” shall mean, at any time, the aggregate principal amount at
such time of all outstanding U.S. Swingline Loans. The U.S. Swingline Exposure of any U.S. Tranche A Revolving Lender at
any time shall equal its Pro Rata Percentage of the aggregate U.S. Swingline
Exposure at such time. 

“U.S. Swingline Lender”
shall mean BANA and its permitted successors and permitted
assigns.

“U.S.
Swingline Loan” shall mean any Loan made by the Swingline Lender
under the U.S. Tranche A Subfacility for the
account of the U.S. Borrowers pursuant to Section 2.12. 

“U.S. Swingline Note”
shall mean each swingline note substantially in the form of Exhibit B-4
hereto.

“U.S. Tax Compliance
Certificate” shall have the meaning provided
in Section 4.01(c).

“U.S. Tranche A Borrowing Base” shall mean, at the
time of any determination, an amount equal to the sum of the Dollar amount (for
this purpose, using the Dollar Equivalent of amounts not denominated in
Dollars), without duplication, of

 (a)          (I)
85% of the aggregate Outstanding Balance of Eligible U.S. Accounts (other than
Eligible Insured and Letter of Credit Backed Accounts) at such time plus
(II) 90% of the aggregate Outstanding Balance of Eligible Insured and Letter of
Credit Backed Accounts of the U.S. Borrowers at such time; plus

 (b)          the
lesser of (i) 70% of the lesser of the Cost or Fair Market Value of Eligible
U.S. Inventory at such time and (ii) 85% of the Net Orderly Liquidation Value of
Eligible U.S. Inventory at such time; plus

 (c)          the
lesser of (x) 75% of the appraised Fair Market Value of Eligible U.S. Real
Estate (the “U.S. Real Estate Component”), plus 85% of the
appraised Net Orderly Liquidation Value of the Eligible U.S. Equipment (the
“U.S. Equipment Component”), and (y) $50,000,000 (taken together with
amounts included in the Canadian Borrowing Base pursuant to clause (c) thereof)
(the “U.S. Fixed Asset Amount”); provided that, commencing with
the Borrowing Base calculation delivered for June 30, 2016: (i) the U.S. Real
Estate Component shall be reduced quarterly based on a 15-year straight-line
depreciation schedule, (ii) the U.S. Equipment Component shall be reduced
quarterly based on a 7-year straight-line depreciation schedule and (iii) the
U.S. Fixed Asset Amount, shall be reduced quarterly pursuant to the depreciation
schedule set forth as Schedule 1.01D hereto; provided, further,
that, if a Fixed Asset Reappraisal Event occurs and the Company chooses to have
the U.S. Tranche A Borrowing Base calculated
based on the updated information set forth in the relevant Appraisals (and
including only (i) the Eligible Equipment
so appraised and (ii) Eligible Fee-Owned Real Estate so
appraised and subject to the environmental assessments
referred to in Section 8.02(d)), then, commencing with the Borrowing
Base calculation delivered immediately after the date of such Fixed Asset
Reappraisal Event until such time as a further additional Appraisal and environmental assessment is completed, if ever, on
the applicable assets, the amortization of the U.S. Real Estate Component and
the U.S. Equipment Component shall be reset so that (i) the U.S. Real Estate
Component shall be reduced quarterly based on a 15-year straight-line
depreciation schedule commencing with the first full fiscal quarter to occur
after the date of any such Fixed Asset Reappraisal Event and the U.S. Equipment
Component shall be reduced quarterly based on a 7-year straight-line
depreciation schedule commencing with the first full fiscal quarter to occur
after the date of any such Fixed Asset Reappraisal Event and (ii) the U.S. Fixed
Asset Amount shall be reduced pursuant to an updated depreciation schedule
commencing with the first full fiscal quarter to occur after the date of any
such Fixed Asset Reappraisal Event of the type set forth as Schedule 1.01D,
which will reflect the then current mix of Eligible U.S. Real Estate and
Eligible U.S. Equipment; plus

 (d)          100%
of the unrestricted Borrowing Base Cash Equivalents of the U.S. Borrowers (to
the extent held in Deposit Accounts in the United States (x) maintained with
BANA and (y) subject to Deposit Account Control Agreements in favor of the
Collateral Agent); plus 

 (e)          if
a Borrowing Base Reallocation Notice is delivered by the Company, a portion of
the positive amount, if any, by which the Canadian Borrowing Base and the Dutch
Borrowing Base exceed the total Canadian Revolving Exposure and/or Dutch
Revolving Exposure of all Lenders on the date of such delivery, may be
reallocated to the U.S. Tranche A Borrowing
Base; provided that a Borrowing Base Reallocation Notice may only be
delivered once in any calendar month, and shall set forth the requested reallocation of
available Borrowing Base among Subfacilities, and which reallocation shall
become effective upon confirmation by the Administrative Agent that such
reallocation would not cause the Revolving Exposure under any Subfacility to
exceed the Borrowing Base for the applicable Subfacility, and which reallocation
shall remain effective thereafter until such time, if any, as a new Borrowing
Base Reallocation Notice is received and has become effective; minus 

 (f)          the
  portion of the U.S. Tranche A Borrowing Base,
  if any, that is reallocated to the Canadian Borrowing Base and/or the Dutch
  Borrowing Base pursuant to clause (e) of the definition of the term “Canadian
  Borrowing Base” and/or clause (c) of the definition of the term “Dutch Borrowing
Base,” respectively; minus 

 (g)          anythe FILO Reserve
Shortfall for such calculation period (if applicable) and any other
Reserves (to the extent not deducted in calculating the
U.S. Tranche B Borrowing Base) established or modified from time to
time by the Administrative Agent in the exercise of its Permitted Discretion in
accordance with Section 2.22; 

The U.S. Tranche A Borrowing
Base at any time shall be determined by reference to the most recent Borrowing
Base Certificate delivered to the Administrative Agent pursuant to Section
8.15(a), adjusted as necessary (pending the delivery of a new Borrowing Base
Certificate) to reflect the impact of any Significant Asset Sale or the
acquisition of any assets in a Permitted Acquisition or similar Investment (or
any event or circumstance which, pursuant to the eligibility rules set forth in
the definitions of Eligible Account, Eligible Equipment, Eligible Inventory,
Eligible Insured and Letter of Credit Backed Accounts or Eligible Fee-Owned Real
Estate, renders any such Account, Equipment, Inventory or Real Property eligible
or ineligible for inclusion in the U.S. Tranche
A Borrowing Base after delivery of the most recent Borrowing Base
Certificate). The Administrative Agent shall have the right (but no obligation)
to review the computations in any Borrowing Base Certificate and if such
computations have not been calculated in accordance with the terms of this
Agreement, the Administrative Agent shall have the right, in consultation with
the Company, to correct any such errors in such manner as it shall reasonably
determine and the Administrative Agent will notify the Company promptly in
writing after making any such correction. 

“U.S.
Collateral” shall mean all the
“Collateral” (or equivalent term) as defined in the U.S. Security Agreement and
all other property (whether real, personal or otherwise) with respect to which
any security interests have been granted (or purported to be granted) by any
U.S. Credit Parties pursuant to any U.S. Security Document. 

“U.S. Collection Account” shall have
the meaning provided in Section
8.15(c)(ii). 

“U.S. Collection
Bank” shall have the meaning
provided in Section
8.15(c)(ii).

“U.S. Credit Party” shall mean each
U.S. Borrower and each U.S. Subsidiary Guarantor.

“U.S. Dilution
Reserve” shall mean, at any
date, (i) the amount by which the consolidated Dilution Ratio of Eligible U.S.
Accounts exceeds five percent (5%) multiplied by (ii) the Eligible U.S. Accounts
on such date. 

“U.S.
Dollars” or
“Dollars” and the
sign “$” shall each mean
freely transferable lawful money (expressed in dollars) of the United
States. 

“U.S. Dominion Account” shall have
the meaning provided in Section
8.15(c)(i).

“U.S. Equipment
Component” shall have the
meaning provided in the definition of the term “U.S.
Borrowing Base”.

“U.S. Fixed Asset
Amount” shall have the meaning
provided in the definition of the term “U.S. Borrowing Base”. 

“U.S. Issuing
Bank” shall mean, as the context
may require, (a) BANA or any Affiliate of BANA with respect to Letters of Credit
issued by it; (b) any other Lender that may become an Issuing Bank pursuant to
Sections
2.13(i) and
2.13(k), with
respect to Letters of Credit issued by such Lender; (c) with respect to any
Existing Letter of Credit set forth on Part C of
Schedule
1.01B, the Lender which is the
issuer of such Existing Letter of Credit or (d) collectively, all of the
foregoing. 

“U.S. LC Credit
Extension” shall mean, with
respect to any U.S. Letter of Credit, the issuance, amendment or renewal thereof
or extension of the expiry date thereof, or the increase of the amount
thereof. 

“U.S. LC
Disbursement” shall mean a
payment or disbursement made by a U.S. Issuing Bank pursuant to a U.S. Letter of
Credit. 

“U.S. LC
Documents” shall mean all
documents, instruments and agreements delivered by a U.S. Borrower or any other
Person to a U.S. Issuing Bank or the U.S. Administrative Agent in connection
with any U.S. Letter of Credit. 

“U.S. LC
Exposure” shall mean at any time
the sum of (a) the aggregate undrawn Stated Amount of all outstanding U.S.
Letters of Credit at such time plus (b) the aggregate principal amount of all
U.S. LC Disbursements that have not yet been reimbursed at such time. The U.S.
LC Exposure of any Revolving Lender at any time shall mean its Pro Rata
Percentage of the aggregate U.S. LC Exposure at such time. 

“U.S. LC
Obligations” shall mean the sum
(without duplication) of (a) all amounts owing by the U.S. Borrower in respect
of any U.S. LC Disbursements (including any payment obligations arising
therefrom); and (b) the Stated Amount of all outstanding U.S. Letters of
Credit. 

“U.S. LC Sublimit” shall mean
$50,000,000.

“U.S. Letter of
Credit” shall mean any letters
of credit issued or to be issued by a U.S. Issuing Bank under the U.S.
Subfacility for the account of the U.S. Borrowers pursuant to
Section
2.13. 

“U.S. Tranche A Line Cap” shall mean, at any time, an
amount that is equal to the lesser of (a) the U.S. Tranche A Revolving Commitments and (b) the U.S.
Tranche A Borrowing Base. 

“U.S. Parent
Borrower” shall have the meaning
provided in the recitals hereto and shall include, if applicable, any Successor
U.S. Parent Borrower. 

“U.S. Tranche A Protective Advance” shall have the
meaning provided in Section 2.18.

“U.S. Real Estate
Component” shall have the
meaning provided in the definition of the term “U.S.
Borrowing Base”.

“U.S. Tranche A Revolving Borrowing” shall mean a
Borrowing comprised of U.S. Tranche A
Revolving Loans. 

“U.S. Tranche A Revolving Commitment” shall mean, with
respect to each U.S. Tranche A Revolving
Lender, the commitment, if any, of such Lender to make U.S. Tranche A Revolving Loans hereunder up to the amount
set forth and opposite such Lender’s name on Schedule 2.01 under the caption
“U.S. Tranche A Revolving Commitment,” or in
the Assignment and Assumption Agreement pursuant to which such Lender assumed
its U.S. Tranche A Revolving Commitment, as
applicable, as the same may be (a) reduced from time to time pursuant to
Section 2.07, (b) reduced or increased from time to time pursuant to
Section 2.20 and (c) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 12.04. The aggregate
amount of the Lenders’ U.S. Tranche A
Revolving Commitments on the ClosingSecond Amendment
Effective Date is $260,000,000245,000,000. 

“U.S. Tranche A Revolving Exposure” shall mean, with
respect to any U.S. Tranche A Revolving Lender
at any time, the aggregate principal amount at such time of all outstanding U.S.
Tranche A Revolving Loans of such Lender, plus
the aggregate amount at such time of such Lender’s U.S. LC Exposure, plus the
aggregate amount at such of such Lender’s U.S. Swingline Exposure. 

“U.S. Tranche A Revolving Lender” shall mean any
Lender under the U.S. Tranche A Subfacility.

“U.S. Tranche A Revolving Loans” shall mean advances
made to or at the request of a U.S. Borrower pursuant to Section 2.01(i)
hereof under the U.S. Tranche A Subfacility.

“U.S. Tranche A Revolving Note” shall mean each
revolving note substantially in the form of Exhibit B-1 hereto. 

“U.S. Security
Agreement” shall mean the U.S.
Security Agreement, dated as of the Closing Date, by and between the Collateral
Agent and each of the U.S. Credit Parties. 

“U.S. Security
Documents” shall mean the U.S.
Security Agreement and, after the execution and delivery thereof, each Mortgage
executed and delivered by any U.S. Credit Party with respect to any Real
Property of such U.S. Credit Party and each other document executed and
delivered by any U.S. Credit Party pursuant to which a Lien is granted (or
purported to be granted) in favor of the Collateral Agent to secure the
Obligations, and each document, if any, executed and delivered by any U.S.
Credit Party pursuant to the Additional Account Security
Actions. 

“U.S. Tranche A Subfacility” shall have the meaning
provided in the recitals hereto.

“U.S.
Tranche B Borrowing Base” shall mean, at the time of any determination, an
amount equal to the sum of the Dollar amount (for this purpose, using the Dollar
Equivalent of amounts not denominated in Dollars), without duplication, of

 (a)      (I) 5% of the aggregate Outstanding Balance of Eligible U.S.
Accounts (other than Eligible Insured and Letter of Credit Backed Accounts) at
such time; plus 

 (b)      10% of the Net Orderly Liquidation Value of Eligible U.S.
Inventory at such time minus 

 (c)      any Reserves (to the extent not deducted in calculating the U.S.
Tranche A Borrowing Base) established or modified from time to time by the
Administrative Agent in the exercise of its Permitted Discretion in accordance
with Section 2.22. 

“U.S. Subsidiary Guarantor” shall mean each Domestic Restricted Subsidiary (other than the
U.S. Borrowers) in existence on the Closing Date (other than any Excluded
Subsidiary), as well as each Domestic Restricted Subsidiary established, created
or acquired after the Closing Date which becomes a party to this Agreement as a
Guarantor in accordance with the Collateral and Guarantee
Requirement. The U.S. Tranche B Borrowing
Base at any time shall be determined by reference to the most recent Borrowing
Base Certificate delivered to the Administrative Agent pursuant to Section
8.15(a), adjusted as necessary (pending the delivery of a new Borrowing Base
Certificate) to reflect the impact of any Significant Asset Sale or the
acquisition of any assets in a Permitted Acquisition or similar Investment (or
any event or circumstance which, pursuant to the eligibility rules set forth in
the definitions of Eligible Account, Eligible Inventory, or Eligible Insured and
Letter of Credit Backed Accounts, renders any such Account or Inventory eligible
or ineligible for inclusion in the U.S. Tranche B Borrowing Base after delivery
of the most recent Borrowing Base Certificate). The Administrative Agent shall
have the right (but no obligation) to review the computations in any Borrowing
Base Certificate and if such computations have not been calculated in accordance
with the terms of this Agreement, the Administrative Agent shall have the right,
in consultation with the Company, to correct any such errors in such manner as
it shall reasonably determine and the Administrative Agent will notify the
Company promptly in writing after making any such correction. 

“U.S. Swingline CommitmentTranche B Line Cap” shall mean the commitment of the U.S. Swingline Lender to make loans under
the U.S. Subfacility pursuant to Section 2.12, as
the same may be reduced from time to time pursuant to
Section
2.07, at any time, an amount that is
equal to the lesser of (a) the U.S. Tranche B Revolving Commitments and (b) the
U.S. Tranche B Borrowing Base. 

 “U.S.
Tranche B Maturity Date” shall mean the date that is the earlier of (i) three
(3) years after the Second Amendment Effective Date and (ii) the Payment in Full
Date. 

“U.S.
Tranche B Revolving Borrowing” shall mean a Borrowing comprised of U.S. Tranche
B Revolving Loans. 

“U.S.
Tranche B Revolving Commitment” shall mean, with respect to each U.S. Tranche B
Revolving Lender, the commitment, if any, of such Lender to make U.S. Tranche B
Revolving Loans hereunder up to the amount set forth and opposite such Lender’s
name on Schedule 2.01 under the caption “U.S. Tranche B Revolving Commitment,”
or in the Assignment and Assumption Agreement pursuant to which such Lender
assumed its U.S. Tranche B Revolving Commitment, as applicable, as the same
shall be terminated and permanently reduced to $0 on the Second Amendment
Effective Date pursuant to Section 2.07. The aggregate amount of the Lenders’
U.S. Tranche B Revolving Commitments on the Second Amendment Effective Date is
$15,000,000. 

“U.S. SwinglineTranche B
Revolving Exposure” shall mean, with
respect to any U.S. Tranche B Revolving Lender at any time, the
aggregate principal amount at such time of all outstanding U.S. SwinglineTranche B
Revolving Loans. The
of such Lender. 

“U.S. Swingline
Exposure of any U.S. Revolving Lender at any time shall equal its Pro Rata
Percentage of the aggregate U.S. Swingline Exposure at such
timeTranche B Revolving Lender” shall
mean any Lender under the U.S. Tranche B Subfacility. 

“U.S.
Tranche B Revolving Loans” shall mean advances made to or at the request of a
U.S. Borrower pursuant to Section 2.01(iv) hereof under the U.S. Tranche B
Subfacility. 

“U.S. Swingline Lender” shall mean
BANA and its permitted successors and permitted assigns. 

“U.S. Swingline Loan” shall mean any
Loan made by the Swingline Lender pursuant to
Section 2.12.

“U.S. SwinglineTranche B
Revolving Note” shall mean each swinglinerevolving note substantially in the form of Exhibit
B-47 hereto. 

“U.S. Tax Compliance CertificateTranche B Subfacility” shall have the meaning provided
in Section 4.01(c)the recitals hereto. 

“U.S.
Security Agreement” shall mean the U.S. Security Agreement, dated as of the
Closing Date, by and between the Collateral Agent and each of the U.S. Credit
Parties. 

“Voting Stock” of any
Person as of any date shall mean the Capital Stock of such Person that is at the
time entitled to vote generally in the election of the Board of Directors of
such Person. 

“Weekly Reporting Event”
shall mean the occurrence of a date when (a) Total Excess Availability shall
have been less than the greater of (i) 15% of the Line Cap and (ii) $30,000,000,
in either case at any time, until such date as (b) Total Excess Availability
shall have been at least equal to the greater of (i) 15% of the Line Cap and
(ii) $30,000,000 for a period of 30 consecutive calendar days. 

“Weighted Average Life to
Maturity” shall mean, when applied to any Indebtedness at any date, the
number of years obtained by dividing (i) the then outstanding principal amount
of such Indebtedness into (ii) the product obtained by multiplying (x) the
amount of each then remaining installment or other required scheduled payments
of principal, including payment at final maturity, in respect thereof, by (y)
the number of years (calculated to the nearest one-twelfth) that will elapse
between such date and the making of such payment. 

“Wholly-Owned Domestic
Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of
such Person which is a Domestic Subsidiary of such person. 

“Wholly-Owned Foreign
Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of
such Person which is a Foreign Subsidiary of such Person. 

“Wholly-Owned Restricted
Subsidiary” shall mean, as to any Person, any Wholly-Owned Subsidiary of
such Person which is a Restricted Subsidiary of such Person. 

“Wholly-Owned Subsidiary”
shall mean, as to any Person, (i) any corporation 100% of whose Capital Stock is
at the time owned by such Person and/or one or more Wholly-Owned Subsidiaries of
such Person and (ii) any partnership, association, joint venture or other entity
in which such Person and/or one or more Wholly-Owned Subsidiaries of such Person
owns 100% of the Equity Interests at such time (other than, in the case of a
Foreign Subsidiary with respect to preceding clauses (i) or (ii), director’s
qualifying shares and/or other nominal amounts of shares required to be held by
Persons other than the Company and any Restricted Subsidiary under applicable
Requirements of Law). 

“Write-Down and Conversion
Powers” shall mean, with respect to any EEA Resolution Authority, the
write-down and conversion powers of such EEA Resolution Authority from time to
time under the Bail-In Legislation for the applicable EEA Member Country, which
write-down and conversion powers are described in the EU Bail-In Legislation
Schedule. 

“WURA” shall mean the
Winding-Up and Restructuring Act (Canada), as amended.

1.02.       Terms
Generally. The definitions in Section 1.01 shall apply equally to
both the singular and plural forms of the terms defined. Whenever the context
may require, any pronoun shall include the corresponding masculine, feminine and
neuter forms. The words “include,” “includes” and “including” shall be deemed to
be followed by the phrase “without limitation.” The word “will” shall be
construed to have the same meaning and effect as the word “shall”; and the words
“asset” and “property” shall be construed as having the same meaning and effect
and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights. The words “herein,”
“hereof” and “hereunder,” and words of similar import, shall be construed to
refer to this Agreement in its entirety and not to any particular provision of
this Agreement unless the context shall otherwise require. All references herein
to Articles, Sections, paragraphs, clauses, subclauses, Exhibits and Schedules
shall be deemed references to Articles, Sections, paragraphs, clauses and
subclauses of, and Exhibits and Schedules to, this Agreement unless the context
shall otherwise require. Unless otherwise expressly provided herein, (a) all
references to documents, instruments, agreements (including the Credit Documents
and organizational documents) and other Contractual Requirements shall be deemed
to include all subsequent amendments, restatements, amendments and restatements,
supplements and other modifications thereto, but only to the extent that such
amendments, restatements, amendments and restatements, supplements and other
modifications are not prohibited by any Credit Document and (b) references to
any Requirement of Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such
Requirement of Law. Unless otherwise specified, all references herein to times
of day shall be references to New York City time (daylight or standard, as
applicable). 

1.03.       Uniform
Commercial Code and PPSA. As used herein, the following terms are defined in
accordance with the UCC in effect in the State of New York (and with respect to
any Canadian Credit Party, such definition or correlative terms (if existing)
under the PPSA shall be defined in accordance with the PPSA) from time to time:
“Chattel Paper,” “Contract,” “control,” “Deposit Account” (which shall
specifically include any Account with a deposit function), “Document” (“document
of title” as defined in the PPSA), “Equipment,” “General Intangibles
(“intangibles” as defined in the PPSA),” “Location” and “Instrument.” 

1.04.       Exchange
Rates; Currency Equivalent.

(a)          The
Administrative Agent or the Issuing Bank, as applicable, shall use the Spot
Rates as of each Revaluation Date for the purpose of calculating Dollar
Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in
Alternative Currencies. Such Spot Rates shall become effective as of such
Revaluation Date and shall be the Spot Rates employed in converting any amounts
between the applicable currencies for such purposes until the next Revaluation
Date to occur. The Company shall report value and other Borrowing Base
components to the Administrative Agent in the currency invoiced by the Credit
Parties or shown in the Company’s financial records, and, shall deliver
financial statements and calculate financial covenants in Dollars. 

(b)          Wherever
in this Agreement (in connection with a Borrowing, conversion, continuation or
prepayment of a Revolving Loan or the issuance, amendment or extension of a
Letter of Credit), an amount, such as a required minimum or multiple amount, is
expressed in Dollars, but such Borrowing, Revolving Loan or Letter of Credit is
denominated in an Alternative Currency, such amount shall be the relevant
Alternative Currency Equivalent of such Dollar amount (rounded to the nearest
unit of such Alternative Currency, with 0.5 of a unit being rounded upward), as
determined by the Administrative Agent or the Issuing Bank, as the case may be,
based on the then applicable Spot Rate. 

(c)          The
Administrative Agent does not warrant, nor accept responsibility, nor shall the
Administrative Agent have any liability with respect to the administration,
submission or any other matter related to the rates in the definition of the
term “Eurocurrency Rate” or with respect to any comparable or successor rate
thereto. 

1.05.       Interpretation
(Quebec). For purposes of any Collateral located in the Province of Quebec
or charged by any deed of hypothec (or any other Credit Document) and for all
other purposes pursuant to which the interpretation or construction of a Credit
Document may be subject to the Requirements of Law of the Province of Quebec or
a court or tribunal exercising jurisdiction in the Province of Quebec, (a)
“personal property” shall be deemed to include “movable property,” (b) “real
property” shall be deemed to include “immovable property,” (c) “tangible
property” shall be deemed to include “corporeal property,” (d) “intangible
property” shall be deemed to include “incorporeal property,” (e) “security
interest,” “mortgage” and “lien” shall be deemed to include a “hypothec,” “prior
claim” and a “resolutory clause,” (f) all references to filing, registering or
recording under the UCC or the PPSA shall be deemed to include publication under
the Civil Code of Quebec, (g) all references to “perfection” of or “perfected”
Liens shall be deemed to include a reference to an “opposable” or “set up” Liens
as against third parties, (h) any “right of offset,” “right of setoff” or
similar expression shall be deemed to include a “right of compensation,” (i)
“goods” shall be deemed to include “corporeal movable property” other than
Chattel Paper, documents of title, instruments, money and securities, (j) an
“agent” shall be deemed to include a “mandatary,” (k) “construction liens” shall
be deemed to include “legal hypothecs,” (l) “joint and several” shall be deemed
to include “solidary,” (m) “gross negligence or willful misconduct” shall be
deemed to be “intentional or gross fault,” (n) “beneficial ownership” shall be
deemed to include “ownership on behalf of another as mandatary,” (o) “easement”
shall be deemed to include “servitude,” (p) “priority” shall be deemed to
include “prior claim,” (q) “survey” shall be deemed to include “certificate of
location and plan,” (r) “fee simple title” shall be deemed to include “absolute
ownership” and (s) “ground lease” shall be deemed to include “emphyteutic
lease.” The parties hereto confirm that it is their wish that this Agreement and
any other document executed in connection with the transactions contemplated
herein be drawn up in the English language only (except if another language is
required under any applicable Requirement of Law) and that all other documents
contemplated thereunder or relating thereto, including notices, may also be
drawn up in the English language only. Les parties aux présentes confirment que
c’est leur volonté que cette convention et les autres documents de crédit soient
rédigés en langue anglaise seulement et que tous les documents, y compris tous
avis, envisagés par cette convention et les autres documents peuvent être
rédigés en langue anglaise seulement (sauf si une autre langue est requise en
vertu d’une loi applicable). 

1.06.       Currency
Fluctuations.

(a)          If
at any time following one or more fluctuations in the exchange rate of an
Alternative Currency against the Dollar, (a) the Dollar Equivalent of Ex-FILO Revolving Exposure exceeds the Line Cap, or (b)
the Dollar Equivalent any part of the Ex-FILO
Revolving Exposure (including any Ex-FILO
Subfacility) exceeds any other limit set forth herein for such Ex-FILO Revolving Exposure, the Company shall within
three (3) Business Days of written notice of same from the Administrative Agent
or, if an Event of Default has occurred and is continuing, within 1 Business Day
after written notice of the same from the Administrative Agent (i) make the
necessary payments or repayments to reduce such Ex-FILO Revolving Exposure to an amount necessary to
eliminate such excess or (ii) maintain or cause to be maintained with the
Administrative Agent deposits in an amount equal to or greater than the amount
of such excess, such deposits to be maintained in such form and upon such terms
as are reasonably acceptable to the Administrative Agent. Without in any way
limiting the foregoing provisions, the Administrative Agent shall, weekly or
more frequently in the Administrative Agent’s sole discretion, make the
necessary Spot Rate calculations to determine whether any such excess exists on
such date. 

(b)          For
purposes of any determination under Section 8, Section 9 (other than Section
9.12) or Section 10 or any determination under any other provision of this
Agreement (other than as specifically set forth in Section 1.04 or
Section 1.06(a)) requiring the use of a current exchange rate, all
amounts Incurred or proposed to be Incurred in currencies other than Dollars
shall be translated into Dollars at the Spot Rate then in effect on the date of
such determination; provided, however, that (x) for purposes of
determining compliance with Section 9 with respect to the amount of any
Indebtedness, Lien, Investment, Asset Sale (or other disposition of property of
assets permitted by this Agreement), Restricted Payment or Restricted Junior
Debt Prepayment in a currency other than Dollars, no Default or Event of Default
shall be deemed to have occurred solely as a result of changes in rates of
exchange occurring after the time such Indebtedness, Lien or Investment is
Incurred or Asset Sale (or other disposition of property of assets permitted by
this Agreement), Restricted Payment or Restricted Junior Debt Prepayment is
made, (y) for purposes of determining compliance with any Dollar-denominated
restriction on the Incurrence of Indebtedness, if such Indebtedness is Incurred
as Refinancing Indebtedness in respect of any Indebtedness denominated in a
foreign currency, and such Incurrence of Refinancing Indebtedness would cause
the applicable Dollar-denominated restriction to be exceeded if calculated at
the relevant currency Spot Rate in effect on the date of the Incurrence of such
Refinancing Indebtedness, such Dollar-denominated restriction shall be deemed
not to have been exceeded so long as the principal amount of such Refinancing
Indebtedness does not exceed the principal amount of such Indebtedness being
refinanced, except by an amount equal to the accrued interest and premium
thereon plus other amounts paid and fees and expenses incurred in connection
with such Incurrence of Refinancing Indebtedness plus an amount equal to any
existing commitment unutilized and letters of credit undrawn thereunder and (z)
for the avoidance of doubt, the foregoing provisions of this Section
1.06(b) shall otherwise apply to such Sections, including with respect to
determining whether any Indebtedness, Lien or Investment may be Incurred or any
Asset Sale (or other disposition of property of assets permitted by this
Agreement), Restricted Payment or Restricted Junior Debt Prepayment may be made
at any time under such Sections. For purposes of Section 9.12, amounts in
currencies other than Dollars shall be translated into Dollars at the applicable
exchange rates used in preparing the most recently delivered Section 8.01
Financials. 

1.07.       Interpretation
(the Netherlands). For purposes of this Agreement, in case reference is made
to a Dutch Credit Party and for all other purposes pursuant to which the
interpretation or construction of a Credit Document may be subject to the
Requirements of Law of the Netherlands, (a) a necessary action to authorise,
where applicable, includes without limitation: (i) any action required to comply
with the Dutch Works Council Act (Wet op de ondernemingsraden) and (ii)
obtaining unconditional positive, conditional positive or neutral advice
(advies) from each competent works council, which if conditional,
contains conditions which, if complied with, are not reasonably likely to cause
a breach with any terms of any of the Credit Documents; (b) a winding-up,
administration or dissolution includes a Dutch entity being: (i) declared
bankrupt (failliet verklaard) and (ii) dissolved (ontbonden); (c)
a (provisional) moratorium includes (voorlopige) surseance van
betaling and granted a (provisional) moratorium includes (voorlopige)
surseance verleend; (d) a trustee in bankruptcy includes a
curator; (e) an administrator includes a bewindvoerder; (f) a
receiver or an administrative receiver does not include a curator or
bewindvoerder; and (g) an attachment includes a beslag. In
relation to a Dutch Deposit Account, control means a disclosed right of pledge
(openbaar pandrecht) over such Deposit Account granted to the Collateral
Agent and without the Collateral Agent as pledgee authorizing the relevant
pledgor (pandgever) to collect payments as referred to in provision 3:246
subsection 4 of the Dutch Civil Code (Burgerlijk Wetboek). 

1.08.       Additional
Alternative Currencies.

(a)          The
Company may from time to time request that Eurocurrency Rate Loans be made
and/or Letters of Credit be issued in a currency other than those specifically
listed in the definition of the term “Alternative Currency”; provided
that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and
convertible into Dollars. In the case of any such request with respect to the
making of Eurocurrency Rate Loans, such request shall be subject to the approval
of the Administrative Agent and the Lenders; and in the case of any such request
with respect to the issuance of Letters of Credit, such request shall be subject
to the approval of the Administrative Agent and the Issuing Bank. 

(b)          Any
  such request shall be made to the Administrative Agent not later than 11:00
  a.m., Local Time, 20 Business Days prior to the date of the desired Credit
  Extension (or such other time or date as may be agreed by the Administrative
  Agent and, in the case of any such request pertaining to Letters of Credit, the
  Issuing Bank, in its or their sole discretion). In the case of any such request
  pertaining to Eurocurrency Rate Loans, the Administrative Agent shall promptly
  notify each Lender thereof; and in the case of any such request pertaining to
  Letters of Credit, the Administrative Agent shall promptly notify the Issuing
  Bank thereof. Each Lender (in the case of any such request pertaining to
  Eurocurrency Rate Loans) or the Issuing Bank (in the case of a request
  pertaining to Letters of Credit) shall notify the Administrative Agent, not
  later than 11:00 a.m., Local Time, ten Business Days after receipt of such
  request whether it consents, in its sole discretion, to the making of
  Eurocurrency Rate Loans or the issuance of Letters of Credit, as the case may
be, in such requested currency. 

(c)          Any
failure by a Lender or the Issuing Bank, as the case may be, to respond to such
request within the time period specified in the preceding sentence shall be
deemed to be a refusal by such Lender or the Issuing Bank, as the case may be,
to permit Eurocurrency Rate Loans to be made or Letters of Credit to be issued
in such requested currency. If the Administrative Agent and all the Lenders
consent to making Eurocurrency Rate Loans in such requested currency, the
Administrative Agent shall so notify the Company and such currency shall
thereupon be deemed for all purposes to be an Alternative Currency hereunder for
purposes of any Committed Borrowings of Eurocurrency Rate Loans; and if the
Administrative Agent and the Issuing Bank consent to the issuance of Letters of
Credit in such requested currency, the Administrative Agent shall so notify the
Company and such currency shall thereupon be deemed for all purposes to be an
Alternative Currency hereunder for purposes of any Letter of Credit issuances.
If the Administrative Agent shall fail to obtain consent to any request for an
additional currency under this Section 1.08, the Administrative Agent
shall promptly so notify the Company.

1.09.       Change
of Currency.

(a)          Each
obligation of the Borrowers to make a payment denominated in the national
currency unit of any member state of the European Union that adopts the Euro as
its lawful currency after the Closing
dDate hereof
shall be redenominated into Euro at the time of such adoption.
If, in relation to the currency of any such member state, the basis of accrual
of interest expressed in this Agreement in respect of that currency shall be
inconsistent with any convention or practice in the London interbank market for
the basis of accrual of interest in respect of the Euro, such expressed basis
shall be replaced by such convention or practice with effect from the date on
which such member state adopts the Euro as its lawful currency; provided
that if any Borrowing in the currency of such member state is outstanding
immediately prior to such date, such replacement shall take effect, with respect
to such Borrowing, at the end of the then current Interest Period. 

(b)          Each
provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be
appropriate to reflect the adoption of the Euro by any member state of the
European Union and any relevant market conventions or practices relating to the
Euro.

(c)          Each
provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrative Agent may from time to time specify to be
appropriate to reflect a change in currency of any other country and any relevant market
conventions or practices relating to the change in currency. 

1.10.          Letter
of Credit Amounts. 

Unless otherwise specified
herein, the amount of a Letter of Credit at any time shall be deemed to be the
Dollar Equivalent of the stated amount of such Letter of Credit in effect at
such time; provided, however, that with respect to any Letter of
Credit that, by its terms or the terms of any LC Document related thereto,
provides for one or more automatic increases in the stated amount thereof, the
amount of such Letter of Credit shall be deemed to be the Dollar Equivalent of
the maximum stated amount of such Letter of Credit after giving effect to all
such increases, whether or not such maximum stated amount is in effect at such
time. 

1.11.       Accounting
Terms.

(a)          All
accounting terms not specifically or completely defined herein shall be
construed in conformity with, and all financial data (including financial ratios
and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP, applied in a manner
consistent with that used in preparing the Historical Financial Statements,
except as otherwise specifically prescribed herein; provided,
however, that if the Company notifies the Administrative Agent that the
Company requests an amendment to any provision hereof to eliminate the effect of
any change occurring after the Closing Date in GAAP or in the application
thereof on the operation of such provision (or if the Administrative Agent
notifies the Company that the Required Lenders request an amendment to any
provision hereof for such purpose), regardless of whether any such notice is
given before or after such change in GAAP or in the application thereof, then
such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such
notice shall have been withdrawn or such provision amended in accordance
herewith. 

(b)          Where
reference is made to “the Company and its Restricted Subsidiaries, on a
consolidated basis” or similar language, such consolidation shall not include
any Subsidiaries of the Company other than Restricted Subsidiaries. 

(c)          Notwithstanding
any other provision contained herein, (i) all terms of an accounting or
financial nature used herein shall be construed, and all computations of amounts
and ratios referred to herein shall be made, without giving effect to any
election under the Financial Accounting Standards Board’s Accounting Standards
Codification No. 825—Financial Instruments, or any successor thereto (including
pursuant to the Accounting Standards Codification), to value any Indebtedness of
the Company or any Subsidiary at “fair value” as defined therein and (ii) all
leases and obligations under any leases of any Person that are or would be
characterized as operating leases and/or operating lease obligations in
accordance with GAAP on January 1, 2016 (whether or not such operating leases
and/or operating lease obligations were in effect on such date) shall continue
to be accounted for as operating leases and/or operating lease obligations (and
not as capital leases and/or Capitalized Lease Obligations) for purposes of this
Agreement regardless of any change in GAAP following the date that would
otherwise require such obligations to be recharacterized as capital leases
and/or Capitalized Lease Obligations. 

(d)          For
the avoidance of doubt, notwithstanding any classification under GAAP of any
Person or business in respect of which a definitive agreement for the
disposition thereof has been entered into as discontinued operations, the Net
Income of such Person or business shall not be excluded from the calculation of
Net Income until such disposition shall have been consummated. 

1.12.       Pro
Forma and Other Calculations.

(a)          Notwithstanding
anything to the contrary herein, financial ratios and tests (including
measurements of Consolidated Total Assets or Consolidated EBITDA), including the
Consolidated Fixed Charge Coverage Ratio and the Consolidated Secured Leverage
Ratio shall be calculated in the manner prescribed by this Section 1.12.
In addition, whenever a financial ratio or test is to be calculated on a pro
forma basis or requires pro forma compliance, the reference to “Test Period” for
purposes of calculating such financial ratio or test shall be deemed to be a
reference to, and shall be based on, the most recently ended Test Period for
which Section 8.01 Financials have been delivered. 

(b)          For
purposes of calculating any financial ratio or test (including Consolidated
Total Assets and Consolidated EBITDA), Investments, acquisitions, dispositions,
mergers, amalgamations, consolidations and discontinued operations (as
determined in accordance with GAAP) that have been made by the Company or any of
its Restricted Subsidiaries during the applicable Test Period or subsequent to
such Test Period and on or prior to or simultaneously with the event for which
the calculation of any such ratio is made shall be calculated on a pro forma
basis assuming that all such Investments, acquisitions, dispositions, mergers,
amalgamations, consolidations and discontinued operations (and the change in any
associated fixed charge obligations and the change in Consolidated EBITDA
resulting therefrom) had occurred on the first day of the applicable Test Period
(or, in the case of Consolidated Assets or Investment Cash Equivalents, on the
last day of the applicable Test Period). If since the beginning of such period
any Person that subsequently became a Restricted Subsidiary or was merged with
or into the Company or any of its Restricted Subsidiaries since the beginning of
such period shall have made any Investment, acquisition, disposition, merger,
amalgamation, consolidation or discontinued operation that would have required
adjustment pursuant to this definition, then such financial ratio or test
(including Consolidated Total Assets and Consolidated EBITDA) shall be
calculated giving pro forma effect thereto for such period as if such
Investment, acquisition, disposition, merger, amalgamation, consolidation or
discontinued operation had occurred at the beginning of the applicable Test
Period. 

(c)          Whenever
pro forma effect is to be given to an Investment, acquisition, disposition,
merger, amalgamation, consolidation or discontinued operation, the pro forma
calculations shall be made in good faith by a responsible financial or
accounting officer of the Company (and may include, for the avoidance of doubt,
cost savings and synergies resulting from such Investment, acquisition, merger,
amalgamation or consolidation which is being given pro forma effect that have
been or are expected to be realized; provided that any pro forma
adjustments in respect of cost savings and synergies shall (a) be reasonably
identifiable and factually supportable, (b) be limited to those which are
expected to be realized within 12 months of the applicable date of such
calculation and (c) not exceed, for any Test Period, an amount, when taken
together with the aggregate amounts added pursuant to clauses (d) and (m) of the
definition of the term “Consolidated EBITDA” for such Test Period, equal to 20%
of Consolidated EBITDA for such Test Period prior to giving effect to any
adjustments pursuant to this paragraph and clauses (d) and (m) of the definition
of the term “Consolidated EBITDA” for such Test Period).

(d)          In
the event that the Company or any of its Restricted Subsidiaries Incurs
(including by assumption or guarantee) or refinances (including by redemption,
repurchase, repayment, retirement or extinguishment) any Indebtedness (other
than Indebtedness Incurred or refinanced under any revolving credit facility or
line of credit unless such Indebtedness has been permanently repaid and not
replaced), in each case included in the calculations of any financial ratio or
test, (i) during the applicable Test Period or (ii) subsequent to the end of the
applicable Test Period and prior to or simultaneously with the event for which
the calculation of any such ratio is made, then such financial ratio or test
shall be calculated giving pro forma effect to such Incurrence or refinancing of
Indebtedness, in each case to the extent required, as if the same had occurred
on the last day of the applicable Test Period (except in the case of the Consolidated Fixed Charge Coverage Ratio, in which case such
Incurrence or refinancing of Indebtedness will be given effect, as if the same
had occurred on the first day of the applicable Test Period); provided that the foregoing shall not apply to any calculation of the Consolidated Fixed
Charge Coverage Ratio pursuant to Section 9.12. 

(e)          If
  any Indebtedness bears a floating rate of interest and is being given pro forma
  effect, the interest on such Indebtedness shall be calculated as if the rate in
  effect on date of the event for which the calculation of the Consolidated Fixed
  Charge Coverage Ratio is made had been the applicable rate for the entire period
  (taking into account any Hedging Obligations applicable to such Indebtedness)
  and including for purposes of calculating the Consolidated Fixed Charge Coverage
  Ratio pursuant to Section 9.12 prior to the first anniversary of the
  Closing Date. Interest on a Capitalized Lease Obligation shall be deemed to
  accrue at an interest rate reasonably determined by a Responsible Officer of the
  Company to be the rate of interest implicit in such Capitalized Lease Obligation
  in accordance with GAAP. For purposes of making the computation referred to
  above, interest on any Indebtedness under a revolving credit facility shall be
  computed based upon the average daily balance of such Indebtedness during the
  applicable period. Interest on Indebtedness that may optionally be determined at
  an interest rate based upon a factor of a prime or similar rate, a eurocurrency
  interbank offered rate, or other rate, shall be deemed to have been based upon
  the rate actually chosen, or, if none, then based upon such optional rate chosen
as the Company may designate. 

Section
2      Amount and Terms of Credit.

2.01.          Commitments.
Subject to the terms and conditions and relying upon the representations and
warranties herein set forth, each Lender agrees, severally and not jointly, to
make (i) under the U.S. Tranche A Subfacility,
U.S. Tranche A Revolving Loans to the U.S.
Borrowers, at any time and from time to time during the Revolving Availability
Period, in an aggregate principal amount at any time outstanding that will not
result in the Availability Conditions not being met; (ii) under the Canadian
Subfacility, Canadian Revolving Loans to the Canadian Borrowers, at any time and
from time to time during the Revolving Availability Period, in an aggregate
principal amount at any time outstanding that will not result in the
Availability Conditions not being met; or
(iii) under the Dutch Subfacility, Dutch Revolving Loans to the
Dutch Borrowers, at any time and from time to time during the Revolving
Availability Period, in an aggregate principal amount at any time outstanding
that will not result in the Availability Conditions not being met.; or (iv) under the U.S.
Tranche B Subfacility, U.S. Tranche B Revolving Loans to the U.S. Borrowers, in
a single drawing on the Second Amendment Effective Date, in an aggregate
principal amount outstanding that will not result in the Availability Conditions
not being met. Ex-FILO Revolving Loans will be available under each
Ex-FILO Subfacility in Dollars and any
Alternative Currency and U.S. Tranche B Revolving Loans
will be available under the U.S. Tranche B Subfacility in Dollars.
Within the limits set forth above and subject to the terms, conditions and
limitations set forth herein, the Borrowers may borrow, pay or prepay and
reborrow Revolving Loans under each applicable Subfacility. All U.S. Borrowers
shall be jointly and severally liable as borrowers for all Borrowings under the
U.S. Subfacilityies of each U.S. Borrower regardless of which U.S.
Borrower received the proceeds thereof. All Canadian Borrowers shall be jointly
and severally liable as borrowers for all Borrowings under the Canadian
Subfacility of each Canadian Borrower regardless of which Canadian Borrower
received the proceeds thereof. All Dutch Borrowers shall be jointly and
severally liable as borrowers for all Borrowings under the Dutch Subfacility of
each Dutch Borrower regardless of which Dutch Borrower received the proceeds
thereof. 

2.02.       Loans.

(a)          Each
(i) U.S. Tranche A Revolving Loan (other than
U.S. Swingline Loans) shall be made as part of a Borrowing consisting of U.S.
Tranche A Revolving Loans made by the U.S.
Tranche A Revolving Lenders in accordance with
their Pro Rata Percentage under the U.S. Tranche
A Subfacility of the applicable
U.S. Tranche A Revolving
Commitments, (ii) U.S. Tranche B Revolving Loan shall be
made as part of a Borrowing consisting of U.S. Tranche B Revolving Loans made by
the U.S. Tranche B Revolving Lenders in accordance with their Pro Rata
Percentage under the U.S. Tranche B Subfacility of the U.S. Tranche B Revolving
Commitments, (iii) Canadian Revolving Loan (other than Canadian
Swingline Loans) shall be made as part of a Borrowing consisting of Canadian
Revolving Loans made by the Canadian Revolving Lenders in accordance with their
Pro Rata Percentage under the Canadian Subfacility of the Canadian Revolving
Commitments, and (iiiiv) Dutch Revolving Loan (other than Dutch Swingline
Loans) shall be made as part of a Borrowing consisting of Dutch Revolving Loans
made by the Dutch Revolving Lenders in accordance with their Pro Rata Percentage
under the Dutch Subfacility of the Dutch Revolving Commitments; provided
that the failure of any Lender to make any Loan shall not in itself relieve any
other Lender of its obligation to lend hereunder (it being understood, however,
that no Lender shall be responsible for the failure of any other Lender to make
any Loan required to be made by such other Lender). Except for Loans deemed made
pursuant to Section 2.02(f), Loans (other than Swingline Loans, Canadian
Prime Loans and Base Rate Loans) comprising any Borrowing shall be in an
aggregate principal amount that is an integral multiple of the Borrowing
Multiple and not less than the Borrowing Minimum or (ii) equal to the remaining
available balance of the applicable Revolving Commitments. Any Loan to a Dutch
Borrower shall at all times be provided by a Lender that is a Non-Public Lender.
The U.S. Tranche B Revolving Loans shall be fully funded
in a single drawing on the Second Amendment Effective Date. The U.S. Tranche B
Revolving Loans shall be repaid in accordance with Section 2.04(a)(II) and may
be prepaid in accordance with Section 2.09(a). Once the U.S. Tranche B Revolving
Loans have been funded on the Second Amendment Effective Date, they may not be
reborrowed. 

(b)          Subject
to Section 3.01, (i) each Borrowing of U.S. Tranche A Revolving Loans or U.S. Tranche B Revolving
Loans shall be made to U.S. Borrowers only and shall be made as either U.S. Base
Rate Loans or Eurocurrency Rate Loans, (ii) each Borrowing of Canadian Revolving
Loans shall be made to Canadian Borrowers only and shall be made as either B/A
Equivalent Loans, Canadian Prime Rate Loans, Canadian Base Rate Loans or
Eurocurrency Rate Loans, (iii) each Borrowing of Dutch Revolving Loans shall be
made to Dutch Borrowers only and shall be made as either European Base Rate
Loans or Eurocurrency Rate Loans, (iv) each Borrowing of Loans denominated in
Dollars shall be comprised entirely of Base Rate Loans or Eurocurrency Rate
Loans, (v) each Borrowing of Loans denominated in Canadian Dollars shall be
comprised entirely of Canadian Prime Loans, B/A Equivalent Loans or Eurocurrency
Rate Loans, (vi) each Borrowing of Ex-FILO
Revolving Loans denominated in Euro, Pounds Sterling and Swiss Francs
shall be comprised entirely of European Base Rate Loans or Eurocurrency Rate
Loans and (vii) each Borrowing of Ex-FILO
Revolving Loans denominated in other Alternative Currencies shall be
comprised entirely of B/A Equivalent Loans, European Base Rate Loans or
Eurocurrency Rate Loans, in each case as the Relevant Borrower may request
pursuant to Section 2.03. Each applicable Lender may at its option make
any Loan by causing any domestic or foreign branch or Affiliate of such Lender
to fund on such Lender’s behalf; provided that any exercise of such
option shall not affect the obligation of the Borrowers to repay such Loan to
each applicable Lender in accordance with the terms of this Agreement or cause
the Borrowers to pay additional amounts pursuant to Section 3.01.
Borrowings of more than one Type may be outstanding at the same time;
provided, further, that the Borrowers shall not be entitled to
request any Borrowing that, if made, would result in more than fifteentwenty
Borrowings of Eurocurrency Rate Loans or ten Borrowings of B/A Equivalent Loans
outstanding hereunder at any one time (which number of Borrowings of
Eurocurrency Rate Loans and/or B/A Equivalent Loans may be increased or adjusted
by agreement between the Company and the Administrative Agent in connection with any Revolving
Commitment Increase or Extended Revolving Loans/Extended Revolving Commitments).
For purposes of the foregoing, Borrowings having different Interest Periods or
Contract Periods, regardless of whether they commence on the same date, shall be
considered separate Borrowings. 

(c)          Except
  with respect to Loans made pursuant to Section 2.02(f), each Lender shall
  make each Loan (other than Swingline Loans) to be made by it hereunder on the
  proposed date thereof by wire transfer of immediately available funds as the
  Administrative Agent may designate not later than 2:00 p.m., Local Time, and the
  Administrative Agent shall promptly credit the amounts so received to an account
  as directed by the Relevant Borrower in the applicable Notice of Borrowing
  maintained with the Administrative Agent or, if a Borrowing shall not occur on
  such date because any condition precedent herein specified shall not have been
met or waived, return the amounts so received to the respective Lenders. 

(d)          Unless
the Administrative Agent shall have received notice from a Lender prior to the
date of any Borrowing that such Lender will not make available to the
Administrative Agent such Lender’s portion of such Borrowing, the Administrative
Agent may assume that such Lender has made such portion available to the
Administrative Agent on the date of such Borrowing in accordance with paragraph
(c) above, and the Administrative Agent may, in reliance upon such assumption,
make available to the Relevant Borrower on such date a corresponding amount. If
the Administrative Agent shall have so made funds available then, to the extent
that such Lender shall not have made such portion available to the
Administrative Agent, such Lender and the Relevant Borrower severally agree to
repay to the Administrative Agent forthwith on demand such corresponding amount
together with interest thereon, for each day from the date such amount is made
available to such Borrower until the date such amount is repaid to the
Administrative Agent at (i) in the case of a Borrower, as applicable, the
interest rate applicable at the time to the Loans comprising such Borrowing and
(ii) in the case of such Lender, for the first such day, the Federal Funds Rate
(for Dollars), the Bank of Canada Overnight Rate (for Canadian Dollars) or a
rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation (for other Alternative Currencies), and for each
day thereafter, the U.S. Base Rate (for Borrowings under thea U.S.
Subfacility denominated in Dollars), the Canadian Base Rate (for Borrowings
under the Canadian Subfacility denominated in Dollars), the Canadian Prime Rate
(for Canadian Dollars) or the European Base Rate (for other Alternative
Currencies). 

(e)          Notwithstanding
any other provision of this Agreement, no Borrower shall be entitled to request,
or to elect to convert or continue, any Borrowing if the Interest Period or
Contract Period requested with respect thereto would end after the Maturity
Date or, with respect to U.S. Tranche B Revolving
Borrowing, the U.S. Tranche B Maturity Date. 

(f)          If
an Issuing Bank shall not have received from the Relevant Borrower the payment
required to be made by Section 2.13(e) within the time specified in such
Section, such Issuing Bank will promptly notify the Administrative Agent of the
LC Disbursement and the Administrative Agent will promptly notify each
applicable Revolving Lender of such LC Disbursement and its Pro Rata Percentage
thereof under the applicable Subfacility or Subfacilities. Each such Revolving
Lender shall pay by wire transfer of immediately available funds to the
Administrative Agent on such date (or, if such Revolving Lender shall have
received such notice later than 12:00 (noon), Local Time, on any day, not later
than 11:00 a.m., Local Time, on the immediately following Business Day), an
amount equal to such Lender’s Pro Rata Percentage under the applicable
Subfacility or Subfacilities of such LC Disbursement (it being understood that
the Dollar Equivalent such amount shall be deemed to constitute a Base Rate Loan
(for LC Disbursements denominated in Dollars or an Alternative Currency (other
than Canadian Dollars)) or a Canadian Prime Loan (for LC Disbursements
denominated in Canadian Dollars) of such Lender, and such payment shall be
deemed to have reduced the applicable LC Exposure), and the Administrative Agent
will promptly pay to such Issuing Bank amounts so received by
it from the applicable Revolving Lenders. The Administrative Agent will promptly
pay to the applicable Issuing Bank any amounts received by it from the
applicable Borrower pursuant to Section 2.13(e) prior to the time that
any Revolving Lender makes any payment pursuant to this paragraph (f); any such
amounts received by the Administrative Agent thereafter will be promptly
remitted by the Administrative Agent to the Revolving Lenders that shall have
made such payments and to the applicable Issuing Bank, as their interests may
appear. If any Revolving Lender shall not have made its Pro Rata Percentage
under the applicable Subfacility or Subfacilities of such LC Disbursement
available to the Administrative Agent as provided above, such Lender and the
Relevant Borrower, as applicable, severally agree to pay interest on such
amount, for each day from and including the date such amount is required to be
paid in accordance with this paragraph (f) to but excluding the date such amount
is paid, to the Administrative Agent for the account of the applicable Issuing
Bank at (i) in the case of the Relevant Borrower, a rate per annum equal to the
interest rate applicable to Revolving Loans pursuant to Section 2.06(a),
and (ii) in the case of such Lender, for the first such day, the Federal Funds
Rate (for Dollars), the Bank of Canada Overnight Rate (for Canadian Dollars) or
a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation (for other Alternative Currencies), and
for each day thereafter, the U.S. Base Rate (for LC Disbursements under the U.S. Tranche A Subfacility denominated in Dollars),
the Canadian Base Rate (for LC Disbursements under the Canadian Subfacility
denominated in Dollars), the Canadian Prime Rate (for Canadian Dollars) or the
European Base Rate (for other Alternative Currencies). 

2.03.        Borrowing
  Procedure. (I) To request a Revolving
  Borrowing under the U.S. Tranche A
  Subfacility, Canadian Subfacility or Dutch Subfacility, the Relevant Borrower
  shall notify the Administrative Agent of such request by telecopy or electronic
  transmission (i) in the case of a Borrowing of Eurocurrency Rate Loans, not
  later than 12:00 p.m., Local Time (or with respect to the Dutch Subfacility,
  11:00 a.m., Local Time), three Business Days before the date of the proposed
  Borrowing, (ii) in the case of a Borrowing of U.S. Base Rate Loans (other than
  Swingline Loans), not later than 12:00 p.m., Local Time, on the Business Day of
  the proposed Borrowing, (iii) in the case of a Borrowing of B/A Equivalent
  Loans, not later than 11:00 a.m., Local Time, three Business Days before the
  date of the proposed Borrowing, (iv) in the case of a Borrowing of Canadian Base
  Rate Loans (other than Canadian Swingline Loans), not later than 12:00 p.m.,
  Local Time, on the Business Day of the proposed Borrowing, (v) in the case of a
  Borrowing of Canadian Prime Loans (other than Canadian Swingline Loans and Dutch
  Swingline Loans), not later than 12:00 p.m., Local Time, on the Business Day of
  the proposed Borrowing or (vi) in the case of a Borrowing of European Base Rate
  Loans (other than Dutch Swingline Loans), not later than 11:00 a.m., Local Time,
on the day of the proposed Borrowing. 

(II)     Subject to satisfaction of each of the conditions set forth in
Section 5 of the Second Amendment, the U.S. Tranche B Revolving Loans shall be
funded on the Second Amendment Effective Date.
To request a Borrowing under the U.S. Tranche B
Subfacility, the U.S. Borrowers shall notify the U.S. Administrative Agent of
such request by telecopy or electronic transmission (i) in the case of a Borrowing of Eurocurrency Rate Loans, not later than 12:00 p.m., Local Time (or
with respect to the Dutch Subfacility, 11:00 a.m., Local Time), three Business
Days before the Second Amendment Effective Date, and (ii) in the case of a
Borrowing of U.S. Base Rate Loans, not later than 12:00 p.m., Local Time, on the
Second Amendment Effective Date. 

(III)     Each such written
Notice of Borrowing shall specify the following information in compliance with
Section 2.02: 

 (a)          the
aggregate amount of such Borrowing (it being understood
that the U.S. Tranche B Revolving Loans will
be fully funded on the Second Amendment Effective Date); 

 (b)          the
date of such Borrowing (which shall be the Second
Amendment Effective Date in the case of the U.S. Tranche B Revolving
Loans), which shall be a Business Day; 

 (c)          whether
such Borrowing is to be a Borrowing of U.S. Base Rate Loans, a Borrowing of
Eurocurrency Rate Loans, a Borrowing of Canadian Base Rate Loans, a Borrowing of
Canadian Prime Loans, a Borrowing of B/A Equivalent Loans or a Borrowing of
European Base Rate Loans; 

 (d)          in
the case of a Borrowing of Eurocurrency Rate Loans or B/A Equivalent Loans, the
initial Interest Period or Contract Period to be applicable thereto, which shall
be a period contemplated by the definition of the term “Interest Period” or
“Contract Period,” as applicable; 

 (e)          the
location and number of the account to which funds are to be disbursed; 

 (f)          
the Subfacility under which the Loans are to be borrowed; 

 (g)          the
currency of the Borrowing (which shall be U.S. Dollars in
the case of the U.S. Tranche B Revolving
Loans); and 

 (h)          that
the conditions set forth in Section 5 or Section 6, as applicable,
are satisfied or waived as of the date of the notice.

(IV)         If no election as to the Type of Borrowing
is specified, then the requested Borrowing shall be a Borrowing of U.S. Base
Rate Loans for U.S. Borrowers, of Canadian Prime Loans or Canadian Base Rate
Loans, as applicable, for the Canadian Borrowers, and of European Base Rate
Loans for Dutch Borrowers. If no Interest Period or Contract Period is specified
with respect to any requested Borrowing of Eurocurrency Rate Loans or B/A
Equivalent Loans, then the Relevant Borrower shall be deemed to have selected an
Interest Period or Contract Period of one month’s duration. If no currency is
specified, then the requested Borrowing shall be made in Dollars for U.S.
Borrowers, Canadian Dollars for the Canadian Borrowers and Euro for Dutch
Borrowers. Promptly following receipt of a Notice of Borrowing in accordance
with this Section 2.03, the Administrative Agent shall advise each Lender
of the details thereof and of the amount of such Lender’s Loan to be made as
part of the requested Borrowing. 

2.04.       Evidence
of Debt; Repayment of Loans.

(a)          (I) Each U.S. Borrower, jointly and severally, hereby
unconditionally promises to pay (i) to the Administrative Agent for the account
of each U.S. Tranche A Revolving Lender, the
then unpaid principal amount of each U.S. Tranche
A Revolving Loan of such U.S. Tranche
A Revolving Lender and (ii) to each U.S. Swingline Lender the then
unpaid principal amount of each applicable Swingline Loan, in each case, on the
Maturity Date. Each Canadian Borrower jointly and severally, hereby
unconditionally promises to pay (i) to the Administrative Agent for the account
of each Canadian Revolving Lender, the then unpaid principal amount of each
Canadian Revolving Loan of such Canadian Revolving Lender and (ii) to the
Canadian Swingline Lender the then unpaid principal amount of each applicable
Canadian Swingline Loan, in each case, on the Maturity Date. Each Dutch
Borrower, jointly and severally, hereby unconditionally promises to pay (i) to
the Administrative Agent for the account of each Dutch Revolving Lender, the
then unpaid principal amount of each Dutch Revolving Loan of such Dutch
Revolving Lender, and (ii) to the Dutch Swingline Lender the then unpaid
principal amount of each applicable Dutch Swingline Loan, in each case, on the
Maturity Date. 

(II)     Each U.S. Borrower,
jointly and severally, hereby unconditionally promises to pay to the U.S.
Administrative Agent for the ratable account of each U.S. Tranche B Revolving
Lender, in quarterly installments on the dates set forth
below, or if any such date is not a Business Day, on the immediately preceding
Business Day, a principal amount in respect of the U.S. Tranche B Revolving
Loans equal to the amount set forth in the below grid under the heading
“Quarterly Amortization Payment” (ratably reduced by the amount of any voluntary
prepayments of the outstanding U.S. Tranche B Revolving Loans consummated prior
to any such date). For the avoidance of doubt, any U.S. Tranche B Revolving
Loans that are repaid may not be reborrowed.

	Amortization
      Date 	Quarterly Amortization Payment 
	March 31,
      2019 	$2,500,000.00 
	June 30,
      2019 	$2,500,000.00 
	September 30,
      2019 	$2,500,000.00 
	December 31,
      2019 	$2,500,000.00 
	March 31,
      2020 	$2,500,000.00 
	June 30,
      2020 	$2,500,000.00 

(b)          Each
Lender shall maintain in accordance with its usual practice an account or
accounts evidencing the indebtedness of the Borrowers to such Lender resulting
from each Loan made by such Lender from time to time, including the amounts of
principal and interest payable and paid to such Lender from time to time under
this Agreement. The Company shall be entitled to review records of such accounts
with prior reasonable notice during normal business hours. 

(c)          The
Administrative Agent shall maintain accounts in which it will record (i) the
amount of each Loan made hereunder, the Type thereof, the currency thereof and
the Interest Period or Contract Period applicable thereto; (ii) the amount of
any principal or interest due and payable or to become due and payable from the
Borrowers to each Lender hereunder; and (iii) the amount of any sum received by
the Administrative Agent hereunder for the account of the Lenders and each
Lender’s share thereof. The Company shall be entitled to review records of such
accounts with prior reasonable notice during normal business hours. 

(d)          The
entries made in the accounts maintained pursuant to paragraphs (b) and (c) above
shall be prima facie evidence of the existence and amounts of the
obligations therein recorded absent manifest error; provided that the
failure of any Lender or the Administrative Agent to maintain such accounts or
any error therein shall not in any manner affect the obligations of the
Borrowers to repay the Loans in accordance with their terms. 

(e)          Any
Lender may request that Loans made by it be evidenced by a promissory note. In
such event, the Relevant Borrowers shall promptly prepare, execute and deliver
to such Lender a promissory note payable to such Lender (or, if requested by
such Lender, to such Lender and its registered assigns) substantially in the
form of Exhibit B-1, Exhibit B-2, Exhibit B-3, Exhibit
B-4, Exhibit B-5
or, Exhibit B-6
or Exhibit B-7 as applicable. 

2.05.       Fees.

(a)          Ex-FILO Unused Line Fee. With respect to each
Ex-FILO Subfacility, the Borrowers thereunder
shall, jointly and severally, pay to the applicable Administrative Agent, for
the account of the Ex-FILO Revolving Lenders
(other than any Defaulting Lender) under such Ex-FILO Subfacility, a fee in Dollars equal to the then
applicable Ex-FILO Unused Line Fee Rate
multiplied by the average daily amount by which the Ex-FILO Revolving Commitments (other than Ex-FILO Revolving Commitments of a Defaulting Lender)
under such Ex-FILO Subfacility exceed such
Ex-FILO Revolving Lender’s Pro Rata Percentage under the applicable Ex-FILO Subfacility of the sum of (i) the aggregate
principal amount of Ex-FILO Revolving Loans
(other than Swingline Loans) then outstanding under such Ex-FILO Subfacility and (ii) the aggregate Stated
Amount of outstanding Letters of Credit available to be drawn under such Ex-FILO Subfacility during any fiscal quarter
(such fee, the “Ex-FILO Unused Line
Fee”). SuchWith respect to the Ex-FILO Unused Line Fee for each Ex-FILO
Subfacility, such fee shall accrue commencing on the first day
following the Closing Date until the last day of the Revolving Availability
Period, and will be payable in arrears on each Adjustment Date and on the
Maturity Date, commencing April 1, 2016. The Ex-FILO Unused Line Fee shall be computed on the basis
of a year of 360 days and shall be payable for the actual number of days
elapsed.

(b)          Administrative
  Agent Fees. The Borrowers, jointly and severally, agree to pay to the
  Administrative Agent, for its own account, the fees payable in the amounts and
  at the times separately agreed upon between the Company and the Administrative
Agent. 

(c)          LC
and Fronting Fees. The Borrowers, jointly and severally, agree to pay (i) to
the Administrative Agent for the account of each applicable Revolving Lender a
participation fee (the “LC Participation Fee”) in the applicable
currencies of such Revolving Lender’s LC Exposure, which fee shall accrue at a
rate equal to the Applicable Margin from time to time used to determine the
interest rate on Eurocurrency Rate Loans pursuant to Section 2.06, on the
average daily amount of such Lender’s LC Exposure (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and
including the Closing Date to but excluding the later of the date on which such
Lender’s Ex-FILO Revolving Commitment
terminates and the date on which such Lender ceases to have any LC Exposure and
(ii) to each Issuing Bank a fronting fee (“Fronting Fee”) in the
applicable currencies of such Issuing Bank’s LC Exposure, which shall accrue at
the rate of 0.125% per annum (or such other amount as the Issuing Bank and the
Relevant Borrower may agree) on the outstanding daily amount of the LC Exposure
(excluding any portion thereof attributable to unreimbursed LC Disbursements)
during the period from and including the Closing Date to but excluding the later
of the date of termination of the Ex-FILO
Revolving Commitments and the date on which there ceases to be any LC Exposure,
as well as each Issuing Bank’s standard and reasonable fees with respect to the
issuance, amendment, renewal or extension of any Letter of Credit or processing
of drawings thereunder as agreed among the Relevant Borrower and such Issuing
Bank from time to time. LC Participation Fees and Fronting Fees accrued through
and including the last day of March, June, September and December of each year
shall be payable on each Adjustment Date and on the Maturity Date, commencing
with April 1, 2016; provided that all such fees shall be payable on the
date on which the Revolving Commitments terminate (other
than the U.S. Tranche B Revolving Commitments) and any such fees
accruing after the date on which the Ex-FILO
Revolving Commitments terminate shall be payable on demand (including
documentation reasonably supporting such request). Any other fees payable to the
Issuing Banks pursuant to this paragraph shall be payable on demand (together
with backup documentation supporting such reimbursement request). All LC
Participation Fees and Fronting Fees shall be computed on the basis of a year of
360 days (or 365 days, in the case of such fees payable in respect of Letters of
Credit denominated in Canadian Dollars outstanding under the Canadian
Subfacility) and shall be payable for the actual number of days elapsed. 

(d)          Subject
to Section 2.10(a), all fees shall be paid on the dates due, in
immediately available funds, to the Administrative Agent for distribution, if
and as appropriate, among the applicable Lenders (other than Defaulting
Lenders), except that the Fronting Fees shall be paid directly to each Issuing
Bank. Once paid, none of the fees shall be refundable under any circumstances.

2.06.       Interest
on Loans.

(a)          Subject
to the provisions of Section 2.06(g), the Loans comprising each Borrowing
of U.S. Base Rate Loans, including each U.S. Swingline Loan, shall bear interest
at a rate per annum equal to the U.S. Base Rate plus the Applicable
Margin in effect from time to time. 

(b)          Subject
to the provisions of Section 2.06(g), the Loans comprising each Borrowing
of Eurocurrency Rate Loans shall bear interest at a rate per annum equal to the
Eurocurrency Rate for the Interest Period in effect for such Borrowing
plus the Applicable Margin in effect from time to time. 

(c)          Subject
to the provisions of Section 2.06(g), the Loans comprising each Borrowing
of Canadian Base Rate Loans, including each Canadian Swingline Loan denominated
in Dollars, shall bear interest at a rate per annum equal to the Canadian Base
Rate plus the Applicable Margin in effect from time to time. 

(d)          Subject
to the provisions of Section 2.06(g), the Loans comprising each Borrowing
of Canadian Prime Loans, including each Swingline Loan denominated in Canadian
Dollars shall bear interest at a rate per annum equal to the Canadian Prime Rate
plus the Applicable Margin in effect from time to time. 

(e)          Subject
to the provisions of Section 2.06(g), the Loans comprising each Borrowing
of B/A Equivalent Loans shall bear interest at a rate per annum equal to the
Canadian B/A Rate for the Contract Period in effect for such Borrowing
plus the Applicable Margin in effect from time to time. 

(f)          Subject
to the provisions of Section 2.06(g), the Loans comprising each Borrowing
of European Base Rate Loans, including each Dutch Swingline Loan denominated in
Dollars, Sterling, Swiss Francs or Euros, shall bear interest at a rate per
annum equal to the European Base Rate plus the Applicable Margin in
effect from time to time. 

(g)          Notwithstanding
the foregoing, if an Event of Default under Section 10.01 or Section
10.05 shall have occurred and is continuing and any principal of or interest
on any Loan or any fees or other amount payable by the Borrowers hereunder is
not paid when due, whether at stated maturity, upon acceleration or otherwise,
such overdue amount shall bear interest, after as well as before judgment, at a
rate per annum equal to (i) in the case of overdue principal of, or interest on,
any Loan, 2.00% plus the rate otherwise applicable to such Loan or (ii)
in the case of any other amount, 2.00% plus the rate applicable to U.S. Base
Rate Loans. 

(h)          Accrued
interest on (xw) each Base Rate Loan (other
than a U.S. Tranche B Loan) and Canadian Prime Loan shall be payable
in arrears on each Adjustment Date and on the Maturity Date commencing with April 1, 2016 and, (x) each U.S. Tranche B Loan that is a Base Rate Loans shall be
payable in arrears on each Adjustment Date and on the U.S. Tranche B Maturity
Date , (y) each Eurocurrency Rate Loan (other
than a U.S. Tranche B Loan) and B/A Equivalent Loan shall be payable
on the last day of each Interest Period or Contract Period, as applicable, and
on the Maturity Date and (z) each U.S. Tranche B Loan
that is a Eurocurrency Rate Loan shall be payable on the last day of each
Interest Period or Contract Period, as applicable, and on the U.S. Tranche B
Maturity Date; provided that, if any Interest Period or
Contract Period, as applicable, exceeds three months, accrued interest shall be
payable on the respective dates that fall every three months after the beginning
of such Interest Period or Contract Period, and, (x) in the case of Ex-FILO Revolving Loans, shall be payable on the last
day of the Revolving Availability Period or (y) in the
case of U.S. Tranche B Revolving Loans, shall be payable on the U.S. Tranche B
Maturity Date; provided that (i) interest accrued pursuant to
clause (g) of this Section 2.06 shall be payable on demand and, absent
demand, on each Adjustment Date and upon termination of the Revolving Commitments, (ii) in the event of any repayment
or prepayment of any Loan (other than a prepayment of a Base Rate Loan or
Canadian Prime Loan prior to the end of the Revolving Availability
Period or U.S. Tranche B Maturity Date, as
applicable), accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment and (iii)
in the event of any conversion of any Eurocurrency Rate Loan or B/A Equivalent
Loan prior to the end of the current Interest Period or Contract Period, as
applicable, therefor, accrued interest on such Loan shall be payable on the
effective date of such conversion. 

(i)          All
  interest and fees hereunder shall be computed on the basis of a year of 360
  days, except that interest computed by reference to the Canadian Prime Rate,
  Canadian Base Rate, European Base Rate Loans denominated in Pounds Sterling or
  Eurocurrency Rate Loans denominated in Pounds Sterling shall be computed on the
  basis of a year of 365 days, and in each case shall be payable for the actual
number of days elapsed. 

(j)          For
purposes of the Interest Act (Canada), (i) whenever any interest or fee
under this Agreement is calculated using a rate based on a year of 360 days or
any other period of time that is less than a calendar year, the rate determined
pursuant to such calculation, when expressed as an annual rate, is equivalent to
(x) the applicable rate based on a year of 360 days or any other period, (y)
multiplied by the actual number of days in the calendar year in which the period
for which such interest is payable (or compounded) ends and (z) divided by 360,
or such other period of time that is less than the calendar year, (ii) the
principle of deemed reinvestment of interest does not apply to any interest
calculation under this Agreement and (iii) the rates of interest stipulated in
this Agreement are intended to be nominal rates and not effective rates or
yields. 

(k)          Notwithstanding
anything to the contrary contained in this Agreement or in any other Credit
Document, solely to the extent that a court of competent jurisdiction finally
determines that the calculation or determination of interest or any fee payable
by the Canadian Borrowers in respect of the Obligations of the Canadian
Borrowers pursuant to this Agreement and the other Credit Documents shall be
governed by or subject to the Requirements of Law of any jurisdiction of Canada
or the federal Requirements of Law of Canada, in no event shall the aggregate
“interest” (as defined in Section 347 of the Criminal Code, R.S.C. 1985, c.
C-46, as the same shall be amended, replaced or re-enacted from time to time)
payable by the Canadian Credit Parties to the Administrative Agent or any Lender
under this Agreement or any other Credit Document exceed the effective annual
rate of interest on the “credit advanced” (as defined in that section) under
this Agreement or such other Credit Document lawfully permitted under that
section and, if any payment, collection or demand pursuant to this Agreement or
any other Credit Document in respect of “interest” (as defined in that section)
is determined to be contrary to the provisions of that section, such payment,
collection or demand shall be deemed to have been made by mutual mistake of the
Administrative Agent, the applicable Lenders and the Canadian Credit Parties and
the amount of such payment or collection shall be refunded by the Administrative
Agent and such Lenders to the Canadian Borrowers. For the purposes of this
Agreement and each other Credit Document to which any Canadian Borrowers are a
party, the effective annual rate of interest payable by the Canadian Borrowers
shall be determined in accordance with generally accepted actuarial practices
and principles over the term of the Loans on the basis of annual compounding for
the lawfully permitted rate of interest and, in the event of dispute, a
certificate of a Fellow of the Canadian Institute of Actuaries appointed by and
for the account of the Canadian Borrowers will be conclusive for the purpose of
such determination in the absence of evidence to the contrary. 

2.07.       Termination
and Reduction of Commitments. 

(a)          Except
as otherwise provided in Section 2.19, the Canadian Revolving Commitments, the Dutch Revolving Commitments,
the U.S. Tranche A Revolving Commitments, the Swingline Commitment, and the LC Commitment shall automatically terminate
on the Maturity Date, and the U.S. Tranche B Revolving
Commitments shall terminate and be automatically and permanently reduced to $0
upon the making of the U.S. Tranche B Revolving Loans on the Second Amendment
Effective Date pursuant to Section 2.01(iv).

(b)          The
  Company may at any time terminate, or from time to time reduce, the Ex-FILO Revolving Commitments under any Ex-FILO Subfacility; provided that (i) any such
  reduction shall be in an amount that is an integral multiple of the Borrowing
  Multiple, (ii) the Ex-FILO Revolving
  Commitments under any Ex-FILO Subfacility
  shall not be terminated or reduced if, after giving effect to any concurrent
  prepayment of the Loans under such Ex-FILO
  Subfacility in accordance with Section 2.09, the Ex-FILO Revolving Exposures under such Ex-FILO Subfacility would exceed the Commitments under
  such Ex-FILO Subfacility, and (iii) the North American Minimum Requirement
shall be met. 

(c)          In
the event that the Dutch Parent Borrower consolidates, amalgamates, merges with
or into or winds up into, or sells, assigns, transfers, leases, conveys or
otherwise disposes of all or substantially all of its properties or assets, in
one or more related transactions, to any Person other than in accordance with
clauses (i) through (v) of Section 9.11(b) (such transactions, the “Dutch
Parent Borrower Disposition”), all of the Revolving Commitments under the
Dutch Subfacility shall be terminated. 

(d)          The
Company shall notify the Administrative Agent of any election to terminate or
reduce any Class of Ex-FILO Revolving
Commitments under any Ex-FILO Subfacility
under paragraph (b) or (c) of this Section 2.07 at least two Business
Days prior to the effective date of such termination or reduction, specifying
such election and the effective date thereof; it being understood that in the
case of a Dutch Parent Borrower Disposition, the effective date of the
termination of Revolving Commitments under the Dutch Subfacility shall be on or
prior to the date the Dutch Parent Borrower Disposition is consummated. Promptly
following receipt of any notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Any effectuated termination or reduction of the
Commitments shall be permanent. Each termination or reduction of the Commitments
shall be made among the Lenders based on each Lender’s Pro Rata Percentage under
the applicable Subfacility or Subfacilities within any Class of the Commitments;
provided that, notwithstanding the foregoing, (1) the Company may
allocate any termination or reduction of Commitments among Classes of
Commitments at its direction, (2) the Company may allocate any termination or
reduction of Commitments among Revolving Commitments and Extended Revolving
Commitments at its direction (including, for the avoidance of doubt, to the
Commitments with respect of any Class of Extended Revolving Commitments without
any termination or reduction of the remaining Commitments with respect to the
Existing Revolving Loan Commitments from which such Extended Revolving
Commitments were converted or extended) and (3) in connection with the
establishment on any date of any Extended Revolving Commitments pursuant to
Section 2.19, the Existing Revolving Loan Commitments of any one or more
Lenders providing any such Extended Revolving Commitments on such date shall be
reduced in an amount equal to the amount of Existing Revolving Loan Commitments
so extended on such date (or, if agreed by the Company and the Lenders providing
such Extended Revolving Commitments, by any greater amount so long as (A) a
proportionate reduction of the Existing Revolving Loan Commitments has been
offered to each Lender to whom the applicable Extension Request has been made
(which may be conditioned upon such Lender becoming an Extending Lender), and
(B) the Company prepays the Existing Revolving Loans of such Class of Existing
Revolving Loan Commitments owed to such Lenders providing such Extended
Revolving Commitments to the extent necessary to ensure that, after giving pro
forma effect to such repayment or reduction, the Existing Revolving Loans of
such Class are held by the Lenders of such Class on a pro rata basis in
accordance with their Existing Revolving Loan Commitments of such Class after
giving pro forma effect to such reduction) (provided that (x) after giving pro
forma effect to any such reduction and to the repayment of any Loans made on
such date, the aggregate amount of the revolving credit exposure of any such Lender does not exceed the Existing Revolving Loan
Commitment thereof (such revolving credit exposure and Existing Revolving Loan
Commitment being determined in each case, for the avoidance of doubt, exclusive
of such Lender’s Extended Revolving Commitment and any exposure in respect
thereof) and (y) for the avoidance of doubt, any such repayment of Loans
contemplated by the preceding clause shall be made in compliance with the
requirements of Section 2.10(a) with respect to the ratable allocation of
payments hereunder, with such allocation being determined after giving pro forma
effect to any conversion or exchange pursuant to Section 2.19 of Existing
Revolving Loan Commitments and Existing Revolving Loans into Extended Revolving
Commitments and Extended Revolving Loans respectively, and prior to any
reduction being made to the Commitment of any other Lender). 

2.08.       Interest
Elections.

(a)          Each
Revolving Borrowing initially shall be of the Type specified in the applicable
Notice of Borrowing and, in the case of a Borrowing of Eurocurrency Rate Loans
or B/A Equivalent Loans, shall have an initial Interest Period or Contract
Period as specified in such Notice of Borrowing. Thereafter, the Relevant
Borrower may elect to convert such Borrowing, with respect to the applicable
Subfacility, as applicable, to a different Type or to continue such Borrowing
and, in the case of a Borrowing of Eurocurrency Rate Loans or B/A Equivalent
Loans, may elect Interest Periods or Contract Periods, as applicable, therefor,
all as provided in this Section 2.08. The Relevant Borrower may elect
different options with respect to different portions of the affected Borrowing,
in which case each such portion shall be allocated ratably among the Lenders
holding the Loans comprising such Borrowing, and the Loans comprising each such
portion shall be considered a separate Borrowing. Notwithstanding anything to
the contrary, the Borrowers shall not be entitled to request any conversion or
continuation that, if made, would result in more than fifteentwenty
Borrowings of Eurocurrency Rate Loans or ten Borrowings of B/A Equivalent Loans,
outstanding hereunder at any one time (which number of Borrowings of
Eurocurrency Rate Loans and/or B/A Equivalent Loans may be increased or adjusted
by agreement between the Company and the Administrative Agent in connection with
any Revolving Commitment Increase or Extended Revolving Loans/Extended Revolving
Commitments). This Section 2.08 shall not apply to Swingline
Loans, which may not be converted or continued. 

(b)          To
make an election pursuant to this Section 2.08, the Relevant Borrower
shall notify the Administrative Agent of such election by electronic
transmission by the time that a Notice of Borrowing would be required under
Section 2.03 if such Borrower was requesting a Revolving Borrowing of the
Type resulting from such election to be made on the effective date of such
election. Each such Notice of Conversion/Continuation shall be substantially in
the form of Exhibit A-2, unless otherwise agreed to by the Administrative
Agent and the relevant Borrower. Whenever a Canadian Borrower desires to convert
or continue any Canadian Prime Loans as B/A Equivalent Loans, such Canadian
Borrower shall give the Administrative Agent a Notice of
Conversion/Continuation, no later than 1:00 p.m. (Local Time) at least three
Business Days before the requested conversion or continuation date. Promptly
after receiving any such notice, the Administrative Agent shall notify each
Lender thereof. Each Notice of Conversion/Continuation shall specify the amount
of Canadian Prime Loans to be converted or continued, the conversion or
continuation date (which shall be a Business Day), and the duration of the
Contract Period (which shall be deemed to be one month if not specified).

(c)          Each
written Notice of Conversion/Continuation shall specify the following
information in compliance with Section 2.02: 

 (i)          the
Borrowing to which such Notice of Conversion/Continuation applies and, if
different options are being elected with respect to different portions thereof,
the portions thereof to be allocated to each resulting Borrowing (in which case the
information to be specified pursuant to clauses (iii) and (iv) below shall be
specified for each resulting Borrowing); 

 (ii)          the
  effective date of the election made pursuant to such Notice of
Conversion/Continuation, which shall be a Business Day; 

 (iii)         whether
the resulting Borrowing is to be a Borrowing of U.S. Base Rate Loans, a
Borrowing of Eurocurrency Rate Loans, a Borrowing of Canadian Base Rate Loans, a
Borrowing of European Base Rate Loans, a Borrowing of Canadian Prime Loans or a
Borrowing of B/A Equivalent Loans; 

 (iv)         the
currency of the resulting Borrowing; and 

 (v)          if
the resulting Borrowing is a Borrowing of Eurocurrency Rate Loans or B/A
Equivalent Loans, the Interest Period or Contract Period, as applicable, to be
applicable thereto after giving effect to such election, which shall be a period
contemplated by the definition of the term “Interest Period” or “Contract
Period,” as applicable. 

If any such Notice of
Conversion/Continuation requests a Borrowing of Eurocurrency Rate Loans or B/A
Equivalent Loans but does not specify an Interest Period or Contract Period,
then the Relevant Borrower shall be deemed to have selected an Interest Period
or Contract Period of one month’s duration. No Borrowing may be converted into
or continued as a Borrowing denominated in a different currency, but instead
must be prepaid in the original currency of such Borrowing and reborrowed in the
other currency. 

(d)          Promptly
following receipt of a Notice of Conversion/Continuation, the Administrative
Agent shall advise each Lender of the details thereof and of such Lender’s
portion of each resulting Borrowing. 

(e)          If
a Notice of Conversion/Continuation with respect to a Borrowing of Eurocurrency
Rate Loans denominated in Dollars is not timely delivered prior to the end of
the Interest Period applicable thereto, then, unless such Borrowing is repaid as
provided herein, at the end of such Interest Period such Borrowing shall be
converted to a Borrowing of the applicable Base Rate Loans. If a Notice of
Conversion/Continuation with respect to a Borrowing of B/A Equivalent Loans is
not timely delivered prior to the end of the Contract Period applicable thereto,
then, unless such Borrowing is repaid as provided herein, at the end of such
Contract Period such Borrowing shall be converted to a Borrowing of Canadian
Prime Loans. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the
request of the Required Lenders, so notifies the Company, then, after the
occurrence and during the continuance of such Event of Default (i) no
outstanding Borrowing may be converted to or continued as a Borrowing of
Eurocurrency Rate Loans or B/A Equivalent Loans and (ii) unless repaid, each
Borrowing of Eurocurrency Rate Loans and B/A Equivalent Loans shall be converted
to a Borrowing of the applicable Base Rate Loans or Canadian Prime Loans,
respectively, at the end of the Interest Period or Contract Period applicable
thereto. 

2.09.       Optional and
Mandatory Prepayments of Loans.

(a)          Optional
Prepayments. Any Borrower shall have the right, at any time and from time to
time to prepay, without premium or penalty, any Borrowing under any Subfacility,
in whole or in part, subject to the requirements of this Section 2.09;
provided that (i) each partial
prepayment shall be in an amount that is an integral multiple of the Borrowing
Multiple. and
(ii) no Borrower may optionally prepay any U.S. Tranche B Revolving Borrowing
pursuant to this Section 2.09(a) at any time prior to thefirst anniversary of the Second
Amendment Effective Date and thereafter, the Company may optionally prepay any
U.S. Tranche B Revolving Borrowing at any time so long as the FILO Prepayment
Conditions are satisfied as of the date of such optional prepayment of U.S.
Tranche B Revolving Borrowings. U.S. Tranche B Revolving Borrowings that are
optionally prepaid may not be reborrowed.

(b)          Mandatory
Prepayments. 

(i)          
In the event of the termination of all the Revolving Commitments under any
Ex-FILO Subfacility, the Borrowers shall, on
the date of such termination, repay or prepay all the outstanding EX-FILO Revolving Borrowings and all outstanding
Swingline Loans and Cash Collateralize or backstop on terms reasonably
satisfactory to each applicable Issuing Bank the LC Exposure in accordance with
Section 2.13(j), in each case, in respect of such Ex-FILO Subfacility. In the event of a Dutch Parent
Borrower Disposition (i) all Loans (including Swingline Loans) outstanding under
the Dutch Subfacility immediately prior to the date of such Dutch Parent
Borrower Disposition shall be prepaid and (ii) the Dutch LC Exposure under the
Dutch Subfacility shall be Cash Collateralized or backstopped on terms
reasonably satisfactory to each applicable Dutch Issuing Bank in accordance with
Section 2.13(j). 

(ii)          (I) In the event of any partial reduction of the
Ex-FILO Revolving Commitments under any
Ex- FILO Subfacility, then (A) at or prior to
the effective date of such reduction, the Administrative Agent shall notify the
Company and the Ex-FILO Revolving Lenders of
the Ex-FILO Revolving Exposures under the
applicable Subfacility or Subfacilities after giving effect thereto and (B)
except as permitted by Section 2.17 or Section 2.18, if the Ex-FILO Revolving Exposures under such Subfacility or
Subfacilities exceed the applicable Line Cap then in effect, after giving effect
to such reduction, then the Borrowers shall, on the date of such reduction,
first, repay or prepay Swingline Loans (if
any), second, repay or prepay Revolving Borrowings and
third, replace or Cash Collateralize outstanding Letters of Credit
(if any) in accordance with the procedures set
forth in Section 2.13(j), in each case, under the applicable Subfacility
or Subfacilities, in an amount sufficient to eliminate such excess.

(II)     If the U.S. Tranche B
Revolving Loans under the U.S. Tranche B Subfacility exceed the U.S. Tranche B
Line Cap then in effect, then then the Administrative Agent shall be entitled to
establish a Reserve with respect to the U.S. Tranche A Borrowing Base in an
amount equal to the FILO Reserve Shortfall in accordance with the last sentence
of the definition of “Reserve”. 

(iii)          Except
as permitted by Section 2.17 or Section 2.18, on each date required pursuant to
Section 1.06(a), the Borrowers shall apply an amount equal to such excess
in respect of the Ex-FILO Subfacilities to
prepay the Ex-FILO Revolving Loans and any
interest accrued thereon, first, repay or prepay Swingline Loans,
second, repay or prepay Revolving Borrowings under
the Ex-FILO Subfacilities, and third, replace or Cash
Collateralize outstanding Letters of Credit in accordance with the procedures
set forth in Section 2.13(j), in each case, under the applicable Ex-FILO Subfacility or Ex-FILO Subfacilities, in an amount required pursuant
to Section 1.06(a) to eliminate such excess. 

(iv)         [Reserved].

(v)          In
the event that the aggregate LC Exposure under any Ex-FILO Subfacility exceeds the LC Commitment then in
effect under such Ex-FILO Subfacility, the
applicable Borrowers shall, without notice or demand, immediately replace or
Cash Collateralize Letters of Credit outstanding under such Ex-FILO Subfacility in accordance with the procedures
set forth in Section 2.13(j), in an amount sufficient to eliminate such
excess. 

(vi)         At
all times after the occurrence and during the continuance of a Cash Dominion
Period, on each Business Day, the Administrative Agent shall apply all same day
funds credited to the Dominion Accounts as follows: first, to fees and reimbursable
expenses of the Administrative Agent then due and payable pursuant to the Credit
Documents; second, to interest then due and payable on the Borrowers’
Swingline Loans; third, to the principal balance of the Swingline Loan
outstanding until the same has been prepaid in full; fourth, to interest
then due and payable on the Ex-FILO Revolving
Loans and other amounts due and payable pursuant to Sections 3.02 and 4.01; fifth, to the principal balance of the Ex-FILO Revolving Loans until the same have been
prepaid in full; sixth, to Cash Collateralize all LC Exposure plus any
accrued and unpaid interest thereon (to be held and applied in accordance with Section 2.13(j) hereof); seventh, to
interest then due and payable on the U.S. Tranche B Revolving Loans and other
amounts due and payable pursuant to Sections 3.02 and 4.01; eighth to the principal balance of the US. Tranche B Revolving Loans
until the same have been prepaid in full; ninth returned to the Relevant Borrower or to such party as
otherwise required by applicable Requirements of Law. 

(c)          Application
of Prepayments. 

(i)          
Prior to any optional or mandatory prepayment of Borrowings hereunder, the
Relevant Borrower shall select the Borrowing or Borrowings under the applicable
Subfacility or Subfacilities to be prepaid and shall specify such selection in
the notice of such prepayment pursuant to this paragraph (i) of Section
2.09(c). 

(ii)          With
regard to mandatory prepayments, amounts to be applied pursuant to this
Section 2.09 to the prepayment of Revolving Loans under the applicable
Subfacility or Subfacilities shall be applied, as applicable, first to reduce
outstanding Base Rate Loans and Canadian Prime Loans, if and as applicable, and
any amounts remaining after each such application shall be applied to prepay
Eurocurrency Rate Loans and B/A Equivalent Loans, if and as applicable.
Notwithstanding the foregoing, if the amount of any prepayment of Loans required
to be prepaid under Section 2.09(b) shall be in excess of the amount of
the Base Rate Loans or the Canadian Prime Loans, as applicable, at the time
outstanding, only the portion of the amount of such prepayment that is equal to
the amount of such outstanding Base Rate Loans or Canadian Prime Loans shall be
immediately prepaid and, at the election of the Relevant Borrower, the balance
of such required prepayment shall be either (A) deposited in the LC Collateral
Account and applied to the prepayment of Eurocurrency Rate Loans or B/A
Equivalent Loans, as applicable, on the last day of the then next-expiring
Interest Period or Contract Period for Eurocurrency Rate Loans or B/A Equivalent
Loans, as applicable (with all interest accruing thereon for the account of the
Relevant Borrower or (B) prepaid immediately, together with any amounts owing to
the Lenders under Section 2.10). Notwithstanding any such deposit in the
LC Collateral Account, interest shall continue to accrue on such Loans until
prepayment. 

(d)          Notice
of Prepayment. The Relevant Borrower shall notify the Administrative Agent
(and, in the case of prepayment of a Swingline Loan, the applicable Swingline
Lender) by telecopy or electronic transmission of any prepayment of any
Subfacility pursuant to Section 2.9(a), (i) in the case of prepayment of
a Borrowing of Eurocurrency Rate Loans, not later than 12:00 p.m., Local Time,
three Business Days before the date of prepayment, (ii) in the case of
prepayment of a Borrowing of B/A Equivalent Loans, not later than 12:00 p.m.,
Local Time, three Business Days before the date of prepayment, (iii) in the case
of prepayment of a Borrowing of Canadian Base Rate Loans, not later than 12:00
p.m., Local Time, on the date of prepayment, (iv) in the case of prepayment of a
Borrowing of European Base Rate Loans (other than Dutch Swingline Loans), not
later than 12:00 p.m., Local Time, on the date of prepayment, (v) in the case of
prepayment of a Borrowing of Canadian Prime Loans, not later than 12:00 p.m.,
Local Time, on the date of prepayment, (vi) in the case of prepayment of a
Borrowing of U.S. Base Rate Loans, not later than 12:00 p.m., Local Time, on the
date of prepayment, (vii) in the case of prepayment of a U.S. Swingline Loan,
not later than 12:00 p.m., Local Time, on the date of prepayment, (viii) in the
case of prepayment of a Canadian Swingline Loan, not later than 12:00 p.m.,
Local Time, on the date of prepayment and (ix) in the case of prepayment of a
Dutch Swingline Loan, not later than 11:00 a.m., Local Time, on the date of prepayment.
Each such notice shall specify (x) the prepayment date and (y) the principal
amount of each Borrowing or portion thereof to be prepaid and the Subfacility or
Subfacilities under which such prepayment is being made; provided that
such Borrower reimburses each Lender pursuant to Section 3.02 for any
funding losses within ten Business Days after receiving written demand therefor.
Promptly following receipt of any such notice (other than a notice relating
solely to Swingline Loans), the Administrative Agent shall advise the Lenders of
the contents thereof. Each partial prepayment of any Borrowing shall be in an
amount that would be permitted in the case of an advance of a Borrowing of the
same Type as provided in Section 2.02, except as necessary to apply fully
the required amount of a mandatory prepayment. Each prepayment of a Borrowing
shall be applied to the Loans of any Lender included in the prepaid Borrowing
under the applicable Subfacility or Subfacilities on the basis of such Lender's
Pro Rata Percentage under the applicable Subfacility or Subfacilities of such
Borrowing. Prepayments shall be accompanied by accrued interest to the extent
required by Section 2.06. 

2.10.       Payments
Generally; Pro Rata Treatment; Sharing of Setoffs.

(a)          Each
Borrower shall make each payment required to be made by it hereunder or under
any other Credit Document (whether of principal, interest, fees or reimbursement
of LC Disbursements, or of amounts payable under Sections 3.01,
3.02 and 4.01 or otherwise) at or before the time expressly
required hereunder or under such other Credit Document for such payment (or, if
no such time is expressly required, prior to (x) 2:00 p.m., Local Time), with
respect to payments denominated in Dollars, (y) 2:00 p.m., Local Time, with
respect to payments denominated in Canadian Dollars and (z) 2:00 p.m., Local
Time, with respect to payments denominated in other Alternative Currencies, in
each case, on the date when due, in immediately available funds, without setoff
or counterclaim. Except as otherwise expressly provided herein, all payments by
the Borrowers hereunder with respect to principal and interest on Loans
denominated in an Alternative Currency shall be made to the Administrative
Agent, for the account of the respective Revolving Lenders to which such payment
is owed, at the Payment Office in such Alternative Currency and in immediately
available funds not later than the Local Times specified by the Administrative
Agent on the dates specified herein. If, for any reason, any Borrower is
prohibited by any Requirement of Law from making any required payment hereunder
in such Alternative Currency, such Borrower shall make such payment in Dollars
in the Dollar Equivalent of the payment amount. Any amounts received after the
required time on any date may, in the reasonable discretion of the
Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon. All such payments
shall be made to the Administrative Agent at the Payment Office, except payments
to be made directly to an Issuing Bank or a Swingline Lender as expressly
provided herein and except that payments pursuant to Sections 3.01,
3.02, 4.01 and 12.01 shall be made to the Administrative
Agent for the benefit of the Persons entitled thereto and payments pursuant to
other Credit Documents shall be made to the Administrative Agent for the benefit
of the Persons specified therein. The Administrative Agent shall distribute any
such payments received by it for the account of any other Person to the
appropriate recipient promptly following receipt thereof. If any payment under
any Credit Document shall be due on a day that is not a Business Day, the date
for payment shall be extended to the next succeeding Business Day, and, in the
case of any payment accruing interest, interest thereon shall be payable for the
period of such extension. 

(b)          If
at any time insufficient funds are received by and available to the
Administrative Agent to pay fully all amounts of principal, unreimbursed LC
Disbursements, interest and fees then due hereunder, such funds shall be applied
in the manner as provided in Section 2.09(c) or 10.11 hereof, as
applicable, ratably among the parties entitled thereto. 

(c)          Except
as otherwise set forth herein, if any Lender (a “Benefited Lender”) shall at any
time receive any payment of all or part of the Loans of any Class and/or the
participations in letter of credit obligations or swingline loans held by it, or receive
any collateral in respect thereof (whether voluntarily or involuntarily, by
set-off, pursuant to events or proceedings of the nature referred to in
Section 10.05, or otherwise), in a greater proportion than any such
payment to or collateral received by any other Lender, if any, in respect of
such other Lender’s Loans of such Class or participations in letter of credit
obligations or swingline loans, as applicable, such Benefited Lender shall (i)
notify the Administrative Agent of such fact, and (ii) purchase for cash at face
value from the other Lenders a participating interest in such portion of each
such other Lender’s Loans of such Class or participations in letter of credit
obligations or swingline loans, as applicable, or shall provide such other
Lenders with the benefits of any such collateral, or the proceeds thereof, as
shall be necessary to cause such Benefited Lender to share the excess payment or
benefits of such collateral or proceeds ratably in accordance with the aggregate
principal of their respective Loans of the applicable Class or participations in
letter of credit obligations or swingline loans, as applicable; provided that, (A) if all or any portion of such excess payment or benefits is thereafter
recovered from such Benefited Lender, such purchase shall be rescinded, and the
purchase price and benefits returned, to the extent of such recovery, but
without interest and (B) the provisions of this paragraph shall not be construed
to apply to (x) any payment made by the Company, any Borrower or any other
Credit Party pursuant to and in accordance with the express terms of this
Agreement and the other Credit Documents, (y) any payment obtained by a Lender
as consideration for the assignment of or sale of a participation in any of its
Loans, Commitments or participations in LC Obligations or Swingline Loans to any
assignee or participant or (z) any disproportionate payment obtained by a Lender
of any Class as a result of the extension by Lenders of the maturity date or
expiration date of some but not all Loans or Commitments of that Class or any
increase in the Applicable Margin (or other pricing term, including any fee,
discount or premium) in respect of Loans or Commitments of Lenders that have
consented to any such extension to the extent such transaction is permitted
hereunder. Each Credit Party consents to the foregoing and agrees, to the extent
it may effectively do so under applicable Requirements of Law, that any Lender
acquiring a participation pursuant to the foregoing arrangements may exercise
against such Credit Party rights of set-off and counterclaim with respect to
such participation as fully as if such Lender were a direct creditor of such
Credit Party in the amount of such participation. 

2.11.       Defaulting
  Lenders. Notwithstanding any provision of this Agreement to the contrary, if
  any Lender becomes a Defaulting Lender, then the following provisions shall
apply for so long as such Lender is a Defaulting Lender: 

(a)          fees
shall cease to accrue on the unfunded portion of the Commitment of such
Defaulting Lender pursuant to Section 2.05(a); 

(b)          such
Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in
Section 12.10(e); 

(c)          if
any Swingline Loans are outstanding, or any LC Exposure exists at the time a
Lender becomes a Defaulting Lender, then (i) all or any part of such LC Exposure
of such Defaulting Lender and such Lender’s Pro Rata Percentage under the
applicable Ex-FILO Subfacility or Ex-FILO Subfacilities of any Swingline Exposure
outstanding at such time will, subject to the limitation in the proviso below,
automatically be reallocated (effective on the day such Lender becomes a
Defaulting Lender) among the Non-Defaulting Lenders in accordance with their
respective Pro Rata Percentages under the applicable Ex-FILO Subfacility or Ex-FILO Subfacilities; provided that (A) each
Non-Defaulting Lender’s Ex-FILO Revolving
Exposure may not in any event exceed the Ex-FILO Revolving Commitment of such Non-Defaulting
Lender as in effect at the time of such reallocation, (B) neither such
reallocation nor any payment by a Non-Defaulting Lender pursuant thereto will
constitute a waiver or release of any claim the Company, any Borrower, any
Administrative Agent, any Issuing Bank, any Swingline Lender or any other Lender
may have against such Defaulting Lender or cause such Defaulting Lender to be a
Non-Defaulting Lender and (C) the conditions to Credit Extensions
forth in Section 6 (other than Section 6.01) shall be satisfied at the time of
such reallocation (and, unless the Borrowers shall have otherwise notified the
Administrative Agent at such time, the Borrowers shall be deemed to have
represented and warranted that such conditions are satisfied at such time), (ii)
to the extent that all or any portion (the “unreallocated portion”) of the
Defaulting Lender’s LC Exposure and Swingline Exposure cannot, or can only
partially, be so reallocated to Non-Defaulting Lenders, whether by reason of the
first proviso in Section 2.11(c)(i) above or otherwise, the Borrowers
shall within two Business Days following notice by the Administrative Agent (x)
first, prepay such Defaulting Lender’s Pro Rata Percentage under the applicable Ex-FILO Subfacility or Ex-FILO Subfacilities of outstanding Swingline Exposure
(after giving pro forma effect to any partial reallocation pursuant to clause
(i) above) and (y) second, Cash Collateralize such Defaulting Lender’s LC
Exposure (after giving pro forma effect to any partial reallocation pursuant to
clause (i) above), in accordance with the procedures set forth in Section
2.13(j) for so long as such LC Exposure is outstanding, (iii) if the
Borrowers Cash Collateralize any portion of such Defaulting Lender’s LC Exposure
pursuant to the requirements of this Section 2.11(c), the Borrowers shall
not be required to pay any fees to such Defaulting Lender pursuant to Section
2.05(c) with respect to such Defaulting Lender’s LC Exposure during the
period such Defaulting Lender’s LC Exposure is Cash Collateralized, (iv) if the
LC Exposure of the Non-Defaulting Lenders is reallocated pursuant to the
requirements of this Section 2.11(c), then the fees payable to the
Lenders pursuant to Section 2.05(c) shall be adjusted in accordance with
such Non-Defaulting Lenders’ Pro Rata Percentage under the applicable Ex-FILO Subfacility or Ex-FILO Subfacilities and the Borrowers shall not be
required to pay any fees to the Defaulting Lender pursuant to Section
2.05(c) with respect to such Defaulting Lender’s LC Exposure during the
period that such Defaulting Lender’s LC Exposure is reallocated, or (v) if any
Defaulting Lender’s LC Exposure is neither Cash Collateralized nor reallocated
pursuant to the requirements of this Section 2.11(c), then, without
prejudice to any rights or remedies of the Issuing Bank or any Lender hereunder,
all fees payable under Section 2.05(c) with respect to such Defaulting
Lender’s LC Exposure shall be payable to the applicable Issuing Bank until such
LC Exposure is Cash Collateralized and/or reallocated; 

(d)          (i)
  no Issuing Bank will be required to issue any new Letter of Credit or amend any
  outstanding Letter of Credit to increase the face amount thereof, alter the
  drawing terms thereunder or extend the expiry date thereof, unless such Issuing
  Bank is reasonably satisfied that any exposure that would result from the
  exposure to such Defaulting Lender is eliminated or fully covered by the
  Ex-FILO Revolving Commitments of the
  Non-Defaulting Lenders or by Cash Collateralization or a combination thereof in
  accordance with the requirements of Section 2.11(c) above or otherwise in
a manner reasonably satisfactory to such Issuing Bank; and 

(e)          no
Swingline Lender will be required to fund any Swingline Loans unless the
Swingline Lender is reasonably satisfied that any exposure that would result
from the exposure to such Defaulting Lender is eliminated or fully covered by
the Ex-FILO Revolving Commitments of the
Non-Defaulting Lenders or a combination thereof in accordance with the
requirements of Section 2.11(c) above. 

(f)          The
Company, Administrative Agent and applicable Issuing Bank may agree in writing
that a Lender is no longer a Defaulting Lender. At such time, Pro Rata
Percentages under the applicable Subfacility or Subfacilities shall be
reallocated without exclusion of such Lender’s Commitments and Loans, and all
outstanding Loans, LC Obligations and other exposures under the Commitments
shall be reallocated among Lenders and settled by the Administrative Agent (with
appropriate payments by the reinstated Lender) in accordance with the readjusted
Pro Rata Percentages under the applicable Subfacility or Subfacilities and any
amount that has been deposited in accordance with Section 2.13(j) to Cash
Collateralize any LC Exposure shall be automatically released and returned to
the Company or the Relevant Borrower. Unless expressly agreed in writing by the
Company, the Administrative Agent and applicable Issuing Bank, no reinstatement
of a Defaulting Lender shall constitute a waiver or release of claims against
such Lender. The failure of any Lender to fund a Loan, to make a payment in
respect of LC Obligations or otherwise to perform its obligations
hereunder shall not relieve any other Lender of its obligations, and no Lender
shall be responsible for default by another Lender. Subject to Section
12.22, no reallocation hereunder shall constitute a waiver or release of any
claim of any party hereunder against a Defaulting Lender arising from that
Lender having become a Defaulting Lender, including any claim of a
Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased
exposure following such reallocation. 

(g)          Any
  payment of principal, interest, fees or other amounts received by the
  Administrative Agent for the account of that Defaulting Lender (whether
  voluntary or mandatory, at maturity, pursuant to Section 10 or otherwise
  received by the Administrative Agent for that Defaulting Lender pursuant to
  Section 12.10(c) and (d)), shall be applied at such time or times
  as may be determined by the Administrative Agent as follows: first, to
  the payment of any amounts owing by that Defaulting Lender to the Administrative
  Agent hereunder; second, to the payment on a pro rata basis of any
  amounts owing by that Defaulting Lender to any Issuing Bank and any Swingline
  Lender hereunder; third, as the Company may request (so long as no
  Default or Event of Default exists), to the funding of any Loan in respect of
  which that Defaulting Lender has failed to fund its portion thereof as required
  by this Agreement, as determined by the Administrative Agent; fourth, if
  so determined by the Administrative Agent and the Company, to be held in a
  non-interest bearing Deposit Account and released pro rata in order to (x)
  satisfy such Defaulting Lender’s potential future funding obligations with
  respect to Loans under this Agreement and (y) Cash Collateralize, in accordance
  with Section 2.13(j), the Issuing Banks’ potential future fronting exposure with
  respect to such Defaulting Lender with respect to future Letters of Credit
  issued under this Agreement; fifth, to the payment of any amounts owing
  to the Lenders, the Issuing Banks or the Swingline Lenders as a result of any
  judgment of a court of competent jurisdiction obtained by any Lender, any
  Issuing Bank or any Swingline Lender against that Defaulting Lender as a result
  of that Defaulting Lender’s breach of its obligations under this Agreement;
  sixth, so long as no Default or Event of Default exists, to the payment
  of any amounts owing to the Company or any of its Restricted Subsidiaries
  pursuant to any Bank Product with such Defaulting Lender as certified by a
  Responsible Officer of the Company to the Administrative Agent (with a copy to
  the Defaulting Lender) prior to such date of payment; seventh, so long as
  no Default or Event of Default exists, to the payment of any amounts owing to
  the Company or any other Credit Party as a result of any judgment of a court of
  competent jurisdiction obtained by the Company or any other Credit Party against
  that Defaulting Lender as a result of that Defaulting Lender’s breach of its
  obligations under this Agreement; and eighth, to that Defaulting Lender
  or as otherwise directed by a court of competent jurisdiction; provided
  that, if such payment is a payment of the principal amount of any Loans or a
  payment of any unreimbursed LC Disbursements, such payment shall be applied
  solely to pay the relevant Loans of, and unreimbursed LC Disbursements owed to,
  the relevant Non-Defaulting Lenders on a pro rata basis prior to being applied
  in the manner set forth in this Section 2.11(g). Any payments,
  prepayments or other amounts paid or payable to a Defaulting Lender that are
  applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash
  Collateral pursuant to Section 2.13(j) shall be deemed paid to and
  redirected by that Defaulting Lender, and each Lender irrevocably consents
hereto. 

2.12.       Swingline
Loans.

(a)          Swingline
Commitment. Subject to the terms and conditions set forth herein, (X) the
U.S. Swingline Lender shall make U.S. Swingline Loans in Dollars to a U.S.
Borrower from time to time during the Revolving Availability Period, in an
aggregate principal amount at any time outstanding that will not result in (i)
the aggregate principal amount of outstanding Swingline Loans under the U.S.
Tranche A Subfacility exceeding $30,000,000,
(ii) the U.S. Tranche A Revolving Exposures
exceeding the U.S. Tranche A Line Cap or (iii)
the Ex-FILO Revolving Exposures exceeding the
Line Cap, (Y) the Canadian Swingline Lender shall make Canadian Swingline Loans
in Dollars or Canadian Dollars to a Canadian Borrower from time to time during
the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the
Dollar Equivalent of the aggregate principal amount of outstanding Swingline
Loans under the Canadian Subfacility exceeding the Dollar Equivalent of
$3,000,000, (ii) the Canadian Revolving Exposures exceeding the Canadian Line
Cap or (iii) the Ex-FILO Revolving Exposures
exceeding the Line Cap, and (Z) the Dutch Swingline Lender shall make Dutch
Swingline Loans in Euro, Pounds Sterling, Dollars or Swiss Francs to a Dutch
Borrower from time to time during the Revolving Availability Period, in an
aggregate principal amount at any time outstanding that will not result in (i)
the Dollar Equivalent of the aggregate principal amount of outstanding Swingline
Loans under the Dutch Subfacility exceeding the Dollar Equivalent of
$10,000,000, (ii) the Dutch Revolving Exposures exceeding the Dutch Line Cap or
(iii) the Ex-FILO Revolving Exposures
exceeding the Line Cap; provided that no Swingline Lender shall be
required to make a Swingline Loan to refinance an outstanding Swingline Loan.
Within the foregoing limits and subject to the terms and conditions set forth
herein, each Borrower may borrow, repay and reborrow Swingline Loans. 

(b)          Swingline
  Loans. To request a Swingline Loan, an applicable Borrower shall notify the
  applicable Administrative Agent of such request by telephonic (followed
  immediately by an electronic request) or electronic transmission, not later than
  12:00 p.m., Local Time (in the case of U.S. Swingline Loans and Canadian
  Swingline Loans) and 11:00 a.m., Local Time (in the case of Dutch Swingline
  Loans), on the day of a proposed Swingline Loan under the relevant Subfacility.
  Each such notice shall be revocable (prior to the release of the requested
  funds) and specify the requested date (which shall be a Business Day) and amount
  of the requested Swingline Loan. The Administrative Agent will promptly advise
  the applicable Swingline Lender of any such notice received from a Borrower. The
  applicable Swingline Lender shall make each Swingline Loan available to the
  Relevant Borrower by means of a credit to the general deposit account of such
  Borrower with the applicable Swingline Lender (or, in the case of a U.S.
  Swingline Loan made to finance the reimbursement of a U.S. LC Disbursement as
  provided in Section 2.13(e), by remittance to the U.S. Issuing Bank) by
  3:00 p.m., Local Time, on the requested date of such Swingline Loan. No Borrower
  shall request a Swingline Loan if at the time of and immediately after giving
effect to such request a Default has occurred and is continuing.

(c)          Prepayment.
Each Borrower shall have the right at any time and from time to time to repay,
without premium or penalty, any Swingline Loan, in whole or in part, upon giving
notice thereof pursuant to Section 2.09(d). 

(d)          Participations.
The U.S. Swingline Lender, Canadian Swingline Lender or Dutch Swingline Lender
may by written notice given to the Administrative Agent at any time (but, in any
event shall weekly, or such other time as determined by the Administrative
Agent) not later than 12:00 noon, Local Time on any Business Day require the
U.S. Tranche A Revolving Lenders, Canadian
Revolving Lenders, or Dutch Revolving Lenders, as applicable, to acquire
participations on such Business Day in all or a portion of the U.S. Swingline
Loans, Canadian Swingline Loans or Dutch Swingline Loans, as applicable,
outstanding, which request may be made regardless of whether the conditions set
forth in Section 6 have been satisfied. Such notice shall specify the
aggregate amount of Swingline Loans in which such Revolving Lenders will
participate. Promptly upon receipt of such notice, the Administrative Agent will
give notice thereof to such Revolving Lender, specifying in such notice such
Lender’s Pro Rata Percentage under the applicable Subfacility or Subfacilities
of such Swingline Loan or Loans. Each U.S. Tranche A
Revolving Lender, Canadian Revolving Lender and Dutch Revolving
Lender hereby absolutely and unconditionally agrees, upon receipt of notice as
provided above, to pay to the Administrative Agent, for the account of the
applicable Swingline Lender, such Lender’s Pro Rata Percentage under the
applicable Subfacility or Subfacilities of such Swingline Loan or Loans. Each
U.S. Tranche A Revolving Lender, Canadian Revolving Lender and Dutch Revolving
Lender acknowledges and agrees that its obligation to acquire participations in
Swingline Loans pursuant to this paragraph is absolute and unconditional and
shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or
termination of the Revolving Commitments or whether an Overadvance exists or is
created thereby, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever (provided that such
payment shall not cause such Lender’s Ex-FILO Revolving Exposure to exceed such Lender’s Ex-FILO Revolving Commitment). Each U.S. Tranche A Revolving Lender,
Canadian Revolving Lender and Dutch Revolving Lender shall comply
with its obligation under this paragraph by wire transfer of immediately
available funds, in the same manner as provided in Section 2.02(f) with
respect to Loans made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders),
and the Administrative Agent shall promptly pay to the applicable Swingline
Lender the amounts so received by it from the Revolving Lenders. The
Administrative Agent shall notify the Relevant Borrower of any participation in
a Swingline Loan acquired pursuant to this paragraph, and thereafter payments in
respect of such Swingline Loan shall be made to the Administrative Agent and not
to any Swingline Lender. Any amounts received by a Swingline Lender from a
Borrower (or other party on behalf of a Borrower) in respect of a Swingline Loan
after receipt by such Swingline Lender of the proceeds of a sale of
participations therein shall be promptly remitted to the Administrative Agent;
any such amounts received by the Administrative Agent shall be promptly remitted
by the Administrative Agent to the applicable Revolving Lenders that shall have
made their payments pursuant to this paragraph and to the applicable Swingline
Lender, as their interests may appear. The purchase of participations in a
Swingline Loan pursuant to this paragraph shall not relieve any Borrower of any
default in the payment thereof. If and to the extent any Revolving Lender shall
not have so made its transfer to the Administrative Agent as required by this paragraph, such Revolving Lender agrees to pay to
the Administrative Agent, forthwith on demand, such amount, together with
interest thereon, for each day from the date such amount is made available to
such Borrower until the date such amount is repaid to the Administrative Agent
at (i) in the case of a Borrower, as applicable, the interest rate applicable at
the time to the Loans comprising such Borrowing and (ii) in the case of such
Lender, for the first such day, the Federal Funds Rate (for Dollars), the Bank
of Canada Overnight Rate (for Canadian Dollars) or a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank
compensation (for other Alternative Currencies), and for each day thereafter,
the U.S. Base Rate (for Swingline Loans under the U.S. Tranche A Subfacility denominated in Dollars), the
Canadian Base Rate (for Swingline Loans under the Canadian Subfacility
denominated in Dollars), Canadian Prime Rate (for Swingline Loans denominated in
Canadian Dollars) or the European Base Rate (for other Alternative Currencies). 

(e)          If
  the Maturity Date shall have occurred at a time when Extended Revolving
  Commitments are in effect, then on the Maturity Date all then outstanding
  Swingline Loans shall be repaid in full on such date (and there shall be no
  adjustment to the participations in such Swingline Loans as a result of the
  occurrence of such Maturity Date); provided that, if on the occurrence of
  the Maturity Date (after giving effect to any repayments of Revolving Loans and
  any reallocation of Letter of Credit participations as contemplated in
  Section 2.13(o)), there shall exist sufficient unutilized Extended
  Revolving Commitments so that the respective outstanding Swingline Loans could
  be incurred pursuant to the Extended Revolving Commitments which will remain in
  effect after the occurrence of the Maturity Date, then there shall be an
  automatic adjustment on such date of the participations in such Swingline Loans
  and same shall be deemed to have been incurred solely pursuant to the Extended
  Revolving Commitments and such Swingline Loans shall not be so required to be
repaid in full on the Maturity Date.

2.13.       Letters of
Credit.

(a)          General.
Subject to the terms and conditions set forth herein, (i) any U.S. Borrower may
request the issuance of U.S. Letters of Credit in Dollars or in one or more
Alternative Currencies for its account or for the account of any of its
Restricted Subsidiaries in a form reasonably acceptable to the U.S. Issuing
Bank, at any time and from time to time during the Revolving Availability Period
(provided that the Relevant Borrower shall be a co-applicant with respect
to each U.S. Letter of Credit issued for the account of or in favor of a Restricted Subsidiary that is not a
Borrower), (ii) any Canadian Borrower may request the issuance of Canadian
Letters of Credit in Dollars or in one or more Alternative Currencies for its
account or the account of any of its Restricted Subsidiaries in a form
reasonably acceptable to the Canadian Issuing Bank, at any time and from time to
time during the Revolving Availability Period (provided that the Relevant
Borrower shall be a co-applicant with respect to each Canadian Letter of Credit
issued for the account of or in favor of a Restricted Subsidiary that is not a
Borrower) and (iii) any Dutch Borrower may request the issuance of Dutch Letters
of Credit in Dollars or in one or more Alternative Currencies for its account or
the account of any of its Restricted Subsidiary in a form reasonably acceptable
to the Dutch Issuing Bank, at any time and from time to time during the
Revolving Availability Period (provided that the Relevant Borrower shall
be a co-applicant with respect to each Dutch Letter of Credit issued for the
account of or in favor of a Restricted Subsidiary that is not a Borrower). In
the event of any inconsistency between the terms and conditions of this
Agreement and the terms and conditions of any form of letter of credit
application or other agreement submitted by the Relevant Borrower to, or entered
into by the Relevant Borrower with, the applicable Issuing Bank relating to any
Letter of Credit, the terms and conditions of this Agreement shall control. The
Existing Letters of Credit listed on Part A of Schedule 1.01B shall be
deemed issued under the Canadian Subfacility. The Existing Letters of Credit
listed on Part B of Schedule 1.01B shall be deemed issued under the Dutch
Subfacility. The Existing Letters of Credit listed on Part C of Schedule
1.01B shall be deemed issued under the U.S. Tranche
A Subfacility. 

(b)          Request
  for Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
  the issuance of a Letter of Credit or the amendment, renewal or extension of an
  outstanding Letter of Credit, the Relevant Borrower shall hand deliver or
  telecopy or transmit by electronic communication a LC Request to the applicable
  Issuing Bank and the Administrative Agent not later than 1:00 p.m., Local Time,
  on the second Business Day preceding the requested date of issuance, amendment,
  renewal or extension (or such later date and time as is reasonably acceptable to
  the applicable Issuing Bank). A request for an initial issuance of a Letter of
  Credit shall specify in form and detail reasonably satisfactory to the
  applicable Issuing Bank: (i) the proposed issuance date of the requested Letter
  of Credit (which shall be a Business Day); (ii) the amount and currency thereof;
  (iii) the expiry date thereof; (iv) the name and address of the beneficiary
  thereof; (v) the documents to be presented by such beneficiary in case of any
  drawing thereunder; (vi) the full text of any certificate to be presented by
  such beneficiary in case of any drawing thereunder; and (vii) such other matters
  as the applicable Issuing Bank may reasonably require. A request for an
  amendment, renewal or extension of any outstanding Letter of Credit shall
  specify in form and detail reasonably satisfactory to the applicable Issuing
  Bank (w) the Letter of Credit to be amended, renewed or extended, (x) the
  proposed date of amendment, renewal or extension thereof (which shall be a
  Business Day), (y) the nature of the proposed amendment, renewal or extension
  and (z) such other matters as the applicable Issuing Bank may reasonably
  require. If requested by the applicable Issuing Bank, the Relevant Borrower also
  shall submit a letter of credit application substantially on such Issuing Bank’s
  standard form in connection with any request for a Letter of Credit. A Letter of
  Credit shall be issued, amended, renewed or extended only if (and upon issuance,
  amendment, renewal or extension of each Letter of Credit the Relevant Borrower
  shall be deemed to represent and warrant (solely in the case of (w) and (x))
  that, after giving effect to such issuance, amendment, renewal or extension) (A)
  (i) the LC Exposure shall not exceed the LC Sublimit, (ii) the U.S. LC Exposure
  shall not exceed the U.S. LC Sublimit, (iii) the Canadian LC Exposure shall not
  exceed the Canadian LC Sublimit and (iv) the Dutch LC Exposure shall not exceed
  the Dutch LC Sublimit and (B) (i) the total Revolving Exposures shall not exceed
  the Line Cap, (ii) the total U.S. Tranche A
  Revolving Exposures shall not exceed the U.S. Tranche
    A Line Cap, (iii) the total Canadian Revolving Exposures shall not
  exceed the Canadian Line Cap and (iv) the total Dutch Revolving Exposures shall
  not exceed the Dutch Line Cap. Unless the Administrative Agent and applicable
  Issuing Bank shall otherwise agree, no Letter of Credit shall be denominated in
a currency other than Dollars or an Alternative Currency.

(c)          Expiration
Date. Each Letter of Credit shall expire at or prior to the earlier of (i)
the close of business on the date which is one year after the date of the
issuance of such Letter of Credit (or such other longer period of time as the
Administrative Agent and the applicable Issuing Bank may agree) (other than with
respect to foreign guarantees which may expire on a date later than one year
from the date of issuance) and (ii) unless Cash Collateralized or otherwise
credit supported in accordance with Section 2.13(j), the Letter of Credit
Expiration Date. Notwithstanding the foregoing, each Letter of Credit may, upon
the request of the Relevant Borrower, include a provision whereby such Letter of
Credit shall be renewed automatically for additional consecutive periods of
twelve (12) months (or such longer period of time as may be agreed by the
applicable Issuing Bank) or less (but not beyond the date that is after the
Letter of Credit Expiration Date unless such Letter of Credit is Cash
Collateralized or backstopped pursuant to arrangements reasonably acceptable to
the applicable Issuing Bank; provided that no Lender shall be required to
fund participations in any Letter of Credit after the Maturity Date) unless the
applicable Issuing Bank notifies the beneficiary thereof at least thirty (30)
days prior to the then-applicable expiration date that such Letter of Credit
will not be renewed. 

(d)          Participations.
By the issuance of a Letter of Credit (or an amendment to a Letter of Credit
increasing the amount thereof) and without any further action on the part of the
applicable Issuing Bank or the Lenders, the applicable Issuing Bank hereby
grants to each applicable Revolving Lender, and each such Revolving Lender
hereby acquires from such Issuing Bank, a participation in such Letter of Credit
equal to such Lender’s Pro Rata Percentage of the aggregate amount available to
be drawn under such Letter of Credit; provided that any participation of any
Letter of Credit issued in an Alternative Currency other than those specifically
listed in the definition of the term “Alternative Currency” shall be made in
Dollars. In consideration and in furtherance of the foregoing, each U.S. Tranche
A Revolving Lender, Canadian Revolving Lender
and Dutch Revolving Lender hereby absolutely and unconditionally agrees
to pay to the Administrative Agent, for the account of the applicable Issuing
Bank, such Lender’s Pro Rata Percentage of each LC Disbursement made by the
applicable Issuing Bank and not reimbursed by the Relevant Borrower on the date
due as provided in paragraph (e) of this Section 2.13, or of any
reimbursement payment required to be refunded to the Relevant Borrower or for
any reason (the “Unreimbursed Amount”). Each U.S.
Tranche A Revolving Lender, Canadian Revolving Lender and Dutch
Revolving Lender acknowledges and agrees that its obligation to
acquire participations pursuant to this paragraph in respect of Letters of
Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit or the occurrence and continuance of a Default or reduction or
termination of the Revolving Commitments or whether or not an Overadvance exists
or is created thereby, and that each such payment shall be made without any
offset, abatement, withholding or reduction whatsoever. 

(e)          Reimbursement.
If any Issuing Bank shall make any LC Disbursement in respect of a Letter of
Credit, the Relevant Borrower under the applicable Subfacility shall reimburse
such LC Disbursement by paying to the applicable Issuing Bank an amount equal to
such LC Disbursement within one Business Day after the Relevant Borrower’s
receipt of notice of such LC Disbursement from the applicable Issuing Bank;
provided that, whether or not the Relevant Borrower submits a Notice of
Borrowing, such Borrower shall be deemed to have requested (except to the extent
such Borrower makes payment to reimburse such LC Disbursement when due or
otherwise notifies the Administrative Agent and relevant Issuing Bank that it
intends to make a payment to reimburse such LC Disbursement) a Borrowing of Base
Rate Loans or Canadian Prime Loans of the applicable currency in an amount
necessary to reimburse such LC Disbursement. If such Borrower fails to make such
payment by the date due in accordance with the preceding sentence, the
applicable Issuing Bank shall notify the Administrative Agent and the
Administrative Agent shall notify each Revolving Lender under the applicable
Subfacility or Subfacilities of the applicable LC Disbursement, the payment then
due from such Borrower in respect thereof and such Lender’s Pro Rata Percentage
under such Subfacility or Subfacilities. Promptly following receipt of such
notice, each such Revolving Lender shall pay to the Administrative Agent its Pro Rata Percentage of the
unreimbursed LC Disbursement in the same manner as provided in Section
2.02(f) with respect to Loans made by such Lender, and the Administrative
Agent shall promptly pay to the applicable Issuing Bank the amounts so received
by it from such Revolving Lenders; provided that any such payment by a Revolving
Lender of its Pro Rata Percentage of the unreimbursed LC Disbursement with
respect to any Letter of Credit issued in an Alternative Currency other than
those specifically listed in the definition of the term “Alternative Currency”
shall me made in Dollars. In the case of a Letter of Credit denominated in an
Alternative Currency, the relevant Borrower shall reimburse the applicable
Issuing Bank in such Alternative Currency, unless (A) the such Issuing Bank (at
its option) shall have specified in such notice that it will require
reimbursement in Dollars, or (B) in the absence of any such requirement for
reimbursement in Dollars, the applicable Borrower shall have notified the
applicable Issuing Bank promptly following receipt of the notice of drawing that
such Borrower will reimburse the applicable Issuing Bank in Dollars. In the case
of any such reimbursement in Dollars of a drawing under a Letter of Credit
denominated in an Alternative Currency, the applicable Issuing Bank shall notify
the applicable Borrower of the Dollar Equivalent of the amount of the drawing
promptly following the determination thereof. Promptly following receipt by the
Administrative Agent of any payment from any Borrower pursuant to this
paragraph, the Administrative Agent shall, to the extent that Revolving Lenders
have made payments pursuant to this paragraph to reimburse any Issuing Bank,
distribute such payment to such Lenders and the applicable Issuing Bank as their
interests may appear. Any payment made by a Revolving Lender pursuant to this
paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the
funding of Base Rate Loans, Canadian Prime Loans or a Swingline Loan as
contemplated above) shall not constitute a Loan and shall not relieve the
Relevant Borrower of its obligation to reimburse such LC Disbursement. In the
event that (A) a drawing denominated in an Alternative Currency is to be
reimbursed in Dollars pursuant to the third sentence in this Section
2.13(e) and (B) the Dollar amount paid by the applicable Borrower shall not
be adequate on the date of that payment to purchase in accordance with normal
banking procedures a sum denominated in such Alternative Currency equal to the
drawing, then such Borrower agrees, as a separate and independent obligation, to
indemnify the applicable Issuing Bank for the loss resulting from its inability
on that date to purchase the Alternative Currency in the full amount of the
drawing. 

(f)          Obligations
Absolute. 

(i)          Subject
to the limitations set forth below, the obligation of the Borrowers to reimburse
LC Disbursements as provided in clause (e) of this Section 2.13 shall be
absolute, unconditional and irrevocable, and shall be performed strictly in
accordance with the terms of this Agreement under any and all circumstances
whatsoever and irrespective of (i) any lack of validity or enforceability of any
Letter of Credit or this Agreement, or any term or provision therein, (ii) any
draft or other document presented under a Letter of Credit proving to be forged,
fraudulent or invalid in any respect or any statement therein being untrue or
inaccurate in any respect, (iii) payment by any Issuing Bank under a Letter of
Credit against presentation of a draft or other document that does not strictly
comply with the terms of such Letter of Credit, (iv) the existence of any claim,
setoff, defense or other right which any Borrower may have at any time against a
beneficiary of any Letter of Credit, (v) any adverse change in the relevant
exchange rates or in the availability of an Alternative Currency to the Company
or any Subsidiary or in the relevant currency markets generally or (vi) any
other event or circumstance whatsoever, whether or not similar to any of the
foregoing, that might, but for the provisions of this Section 2.13,
constitute a legal or equitable discharge of, or provide a right of setoff
against, the obligations of the Borrowers hereunder; provided that the
Borrowers shall have no obligation to reimburse any Issuing Bank to the extent
that such payment was made in error due to the gross negligence or willful
misconduct of such Issuing Bank (as determined by a court of competent
jurisdiction in a final non-appealable judgement or another independent tribunal
having jurisdiction). Neither the Administrative Agent, the Lenders nor any
Issuing Bank, nor any of their Affiliates, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of
any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances
referred to in the preceding sentence), or any error, omission, interruption,
loss or delay in transmission or delivery of any draft, notice or other
communication under or relating to any Letter of Credit (including any document
required to make a drawing thereunder), any error in interpretation of technical
terms or any consequence arising from causes beyond the control of any Issuing
Bank; provided that the foregoing shall not be construed to excuse any
Issuing Bank from liability to the Borrowers to the extent of any direct damages
(as opposed to consequential damages, claims in respect of which are hereby
waived by each Borrower to the extent permitted by applicable Requirement of
Law) suffered by the Borrowers that are caused by such Issuing Bank’s failure to
exercise care when determining whether drafts and other documents presented
under a Letter of Credit comply with the terms thereof. The parties hereto
expressly agree that, in the absence of gross negligence or willful misconduct
on the part of any Issuing Bank (as determined by a court of competent
jurisdiction or another independent tribunal having jurisdiction), each Issuing
Bank shall be deemed to have exercised care in each such determination. In
furtherance of the foregoing and without limiting the generality thereof, the
parties agree that, with respect to documents presented which appear on their
face to be in strict compliance with the terms of a Letter of Credit, each
Issuing Bank may, in its sole discretion, either accept and make payment upon
such documents without responsibility for further investigation, regardless of
any notice or information to the contrary, or refuse to accept and make payment
upon such documents, if such documents are not in strict compliance with the
terms of such Letter of Credit. 

(ii)          No
  Issuing Bank assumes any responsibility for any failure or delay in performance
  or any breach by any Borrower or other Person of any obligations under any LC
  Document. No Issuing Bank makes to the Lenders any express or implied warranty,
  representation or guarantee with respect to the Collateral, such documents or
  any Credit Party. No Issuing Bank shall be responsible to any Lender for any
  recitals, statements, information, representations or warranties contained in,
  or for the execution, validity, genuineness, effectiveness or enforceability of
  any LC Document; the validity, genuineness, enforceability, collectability,
  value or sufficiency of any Collateral or the perfection of any Lien therein; or
  the assets, liabilities, financial condition, results of operations, business,
creditworthiness or legal status of any Credit Party. 

(g)          Disbursement
Procedures. Each Issuing Bank shall, promptly following its receipt thereof,
examine all documents purporting to represent a demand for payment under a
Letter of Credit. Such Issuing Bank shall promptly notify the Administrative
Agent and the Relevant Borrower by electronic transmission of such demand for
payment and whether such Issuing Bank has made or will make a LC Disbursement
thereunder; provided that any failure to give or delay in giving such
notice shall not relieve any Borrower of its obligation to reimburse such
Issuing Bank and the Revolving Lenders under the applicable Subfacility with
respect to any such LC Disbursement (other than with respect to the timing of
such reimbursement obligation set forth in Section 2.13(e)). 

(h)          Interim
Interest. If any Issuing Bank shall make any LC Disbursement, then, unless
the Relevant Borrower shall reimburse such LC Disbursement in full on the date
such LC Disbursement is made, the unpaid amount thereof shall bear interest, for
each day from and including the date such LC Disbursement is made to but
excluding the date that the Relevant Borrower reimburses such LC Disbursement,
at the rate per annum then applicable to U.S. Tranche A
Revolving Loans that are Base Rate Loans or Canadian Prime Loans, as
applicable; provided that, if such Borrower fails to reimburse such LC
Disbursement when due and payable pursuant to paragraph (e) of this Section
2.13, then Section 2.06(e) shall apply. Interest accrued pursuant to
this paragraph shall be for the account of the applicable Issuing Bank, except
that interest accrued on and after the date of payment by any Revolving Lender
pursuant to paragraph (e) of this Section 2.13 to reimburse such Issuing
Bank shall be for the account of such Lender to the extent of such payment. 

(i)          Resignation
or Removal of the Issuing Bank. Any Issuing Bank may resign as Issuing Bank
hereunder at any time upon at least 30 days’ prior written notice to the
Lenders, the Administrative Agent and the Company. Any Issuing Bank may be
replaced at any time by agreement between the Company and the Administrative
Agent; provided that so long as no Event of Default under Section
10.01 or Section 10.05 is then continuing, such successor Issuing
Bank shall be reasonably acceptable to the Company. One or more Lenders may be
appointed as additional Issuing Banks in accordance with clause (k) below. The
Administrative Agent shall notify the Lenders of any such replacement of such
Issuing Bank or any such additional Issuing Bank. At the time any such
resignation or replacement shall become effective, the Company shall pay all
unpaid fees accrued for the account of the replaced Issuing Bank pursuant to
Section 2.05(c). From and after the effective date of any such
resignation or replacement or addition, as applicable, (i) the successor or
additional Issuing Bank shall have all the rights and obligations of an Issuing
Bank under this Agreement with respect to Letters of Credit to be issued
thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed
to refer to such successor or such addition or to any previous Issuing Bank, or
to such successor or such additional Issuing Bank and all previous Issuing
Banks, as the context shall require. After the resignation or replacement of an
Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto
and shall continue to have all the rights and obligations of an Issuing Bank
under this Agreement with respect to Letters of Credit issued by it prior to
such resignation or replacement, but shall not be required to issue additional
Letters of Credit. If at any time there is more than one Issuing Bank hereunder,
the Company may, in its discretion, select which Issuing Bank is to issue any
particular Letter of Credit. 

(j)          Cash
Collateralization. 

(i)          If
any Event of Default shall occur and be continuing, on the Business Day that the
Company receives written notice from the Administrative Agent (acting at the
request of the Required Lenders) demanding the deposit of Cash Collateral
pursuant to this paragraph, the Borrowers shall deposit in the LC Collateral
Account, in the name of the Administrative Agent and for the benefit of the
Secured Creditors, an amount in cash equal to 103.00% of the LC Exposure as of
such date. The Administrative Agent shall promptly release and return any such
Cash Collateral to the Company (in no event later than two (2) Business Days)
once all Events of Default are cured or waived. 

(ii)         To
the extent the Fronting Exposure associated with any Defaulting Lender cannot be
reallocated pursuant to Section 2.11, the Borrowers shall, on demand by
an Issuing Bank or the Administrative Agent from time to time, Cash
Collateralize such Fronting Exposure; provided that any amount deposited
to Cash Collateralize any Fronting Exposure associated with any Defaulting
Lender shall be automatically released and returned to the Company or the
Relevant Borrower at the time the Company, the Administrative Agent and the
applicable Issuing Bank agree in writing that such Defaulting Lender is no
longer a Defaulting Lender. 

(iii)        Section
2.09 and Section 2.11 set forth certain additional circumstances
under which Cash Collateral may be, or is required to be, delivered under this
Agreement. 

(iv)        Each
deposit of Cash Collateral pursuant to this Agreement shall be held by the
Administrative Agent in the LC Collateral Account as collateral for the payment
and performance of the obligations of the Relevant Borrowers under this
Agreement. The Administrative Agent shall have a first priority perfected Lien
(subject to Permitted Liens) and exclusive dominion and control, including the
exclusive right of withdrawal, over the LC Collateral Account. Other than any
interest earned on the investment of such deposits of Cash Collateral, which
investments shall be made only in Investment Cash Equivalents and at the
direction of the Company and at the Company’s risk and expense, such deposits of
Cash Collateral shall not bear interest. Interest or profits, if any, on such
investments shall accumulate in such account. Monies in such account shall be
applied by the Administrative Agent to reimburse the Issuing Banks for LC Disbursements for which they have not been
reimbursed and, to the extent not so applied, shall be held for the satisfaction
of the reimbursement obligations of the Borrowers for the LC Exposure at such
time or, if the maturity of the Loans has been accelerated (but subject to the
consent of Revolving Lenders with LC Exposure representing greater than 50% of
the total LC Exposure), be applied to satisfy other Obligations of the
Borrowers. Except as otherwise provided in this Agreement, the Administrative
Agent shall promptly (and in no event later than the next Business Day) release
and return any Cash Collateral to the Company or the Relevant Borrower once the
event or circumstance giving rise to the requirement of any Credit Party to
deposit such Cash Collateral is no longer continuing.

(k)          Additional
  Issuing Banks. The Company may, at any time and from time to time with the
  consent of the Administrative Agent (which consent shall not be unreasonably
  withheld, delayed or conditioned) and such Lender, designate one or more
  additional Lenders to act as an issuing bank under the terms of this Agreement.
  Any Lender designated as an issuing bank pursuant to this clause (k) shall be
  deemed (in addition to being a Lender) to be the Issuing Bank with respect to
  Letters of Credit issued or to be issued by such Lender, and all references
  herein and in the other Credit Documents to the term “Issuing Bank” shall, with
  respect to such Letters of Credit, be deemed to refer to such Lender in its
capacity as Issuing Bank, as the context shall require. 

(l)          No
Issuing Bank shall be under an obligation to issue any Letter of Credit if: 

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

(ii) the issuance of such Letter of Credit would violate one or more policies of
  such Issuing Bank. 

(m)         No
Issuing Bank shall be under an obligation to amend any Letter of Credit if (i)
such Issuing Bank would have no obligation at such time to issue such Letter of
Credit in its amended form under the terms hereof or (ii) the beneficiary of
such Letter of Credit does not accept the proposed amendment to such Letter of
Credit. 

(n)         LC
Collateral Account. 

(i)          The
Administrative Agent is hereby authorized to establish and maintain at the
Notice Office, in the name of the Administrative Agent and pursuant to a
dominion and control agreement, a restricted deposit account designated “The
SunOpta Inc. LC Collateral Account.” Each Credit Party shall deposit into the LC
Collateral Account from time to time the Cash Collateral required to be
deposited under Section 2.13(j) hereof. 

(ii)         The
balance from time to time in such LC Collateral Account shall constitute part of
the Collateral and shall not constitute payment of the Obligations until applied
as hereinafter provided. Notwithstanding any other provision hereof to the
contrary, all amounts held in the LC Collateral Account shall constitute
collateral security first for the liabilities in respect of Letters of Credit
outstanding from time to time and, with respect to amounts deposited in
connection with the events described in clause (i) of such Section 2.13(j)
only, second for the other Obligations hereunder until such time as all
Letters of Credit shall have been terminated and all of the liabilities in
respect of Letters of Credit have been paid in full. All funds in “The SunOpta
Inc. LC Collateral Account” may be invested in accordance with the provisions of Section 2.13(j). 

(o)          Extended
  Commitments. If the Maturity Date shall have occurred at a time when
  Extended Revolving Commitments are in effect, then (i) such Letters of Credit
  shall automatically be deemed to have been issued (including for purposes of the
  obligations of the Lenders to purchase participations therein and to make
  payments in respect thereof pursuant to Sections 2.13(d) and (e))
  under (and ratably participated in by Lenders) the Extended Revolving
  Commitments, up to an aggregate amount not to exceed the aggregate principal
  amount of the unutilized Extended Revolving Commitments thereunder at such time
  (it being understood that no partial face amount of any Letter of Credit may be
  so reallocated) and (ii) to the extent not reallocated pursuant to the
  immediately preceding clause (i), the Borrowers shall Cash Collateralize any
  such Letter of Credit on such terms as may be agreed between the Relevant
  Borrower and the applicable Issuing Bank. Except to the extent of reallocations
  of participations pursuant to the prior sentence, the occurrence of the Maturity
  Date with respect to Existing Revolving Loans shall have no effect upon (and
  shall not diminish) the percentage participations of the Lenders of Extended
Revolving Loans in any Letter of Credit issued before the Maturity Date. 

2.14.       Settlement
Amongst Lenders.

(a)          The
amount of each Lender’s Pro Rata Percentage under one or more Subfacilites of
outstanding Revolving Loans (including outstanding Swingline Loans) under such
Subfacility or Subfacilities shall be computed weekly (or more frequently in the
Administrative Agent’s discretion) and shall be adjusted upward or downward
based on all Revolving Loans (including Swingline Loans) and repayments of
Revolving Loans (including Swingline Loans) under such Subfacility or
Subfacilities received by the Administrative Agent as of 12:00 p.m., Local Time,
on the first Business Day (such date, the “Settlement Date”) following
the end of the period specified by the Administrative Agent. 

(b)          The
Administrative Agent shall deliver to each of the Lenders promptly after a
Settlement Date a summary statement of the amount of outstanding Revolving Loans
(including Swingline Loans) for the period and the amount of repayments received
for the period. As reflected on the summary statement, (i) the Administrative
Agent shall transfer to each Lender its applicable Pro Rata Percentage under the
applicable Subfacility or Subfacilities of repayments, and (ii) each Lender
shall transfer to the Administrative Agent (as provided below) or the
Administrative Agent shall transfer to each Lender, such amounts as are
necessary to insure that, after giving effect to all such transfers, the amount
of Revolving Loans made by each Lender with respect to Revolving Loans to the
Borrowers (including Swingline Loans) shall be equal to such Lender’s applicable
Pro Rata Percentage under the applicable Subfacility or Subfacilities of
Revolving Loans (including Swingline Loans) outstanding under such Subfacility
or Subfacilities as of such Settlement Date. If the summary statement requires
transfers to be made to the Administrative Agent by the Lenders and is received
prior to 1:00 p.m., Local Time, on a Business Day, such transfers shall be made
in immediately available funds no later than 3:00 p.m., Local Time, that day;
and, if received after 1:00 p.m., Local Time, then no later than 11:00 a.m.,
Local Time, on the next Business Day. The obligation of each Lender to transfer
such funds is irrevocable, unconditional and without recourse to or warranty by
the Administrative Agent. If and to the extent any Lender shall not have so made
its transfer to the Administrative Agent, such Lender agrees to pay to the
Administrative Agent, forthwith on demand such amount, together with interest
thereon, for each day from the date such amount is made available to such
Borrower until the date such amount is repaid to the Administrative Agent, for
the first such day, the Federal Funds Rate (for Dollars) or the Bank of Canada
Overnight Rate (for Canadian Dollars) or a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation (for
other Alternative Currencies), and for each day thereafter, the U.S. Base Rate
(for amounts due under theany U.S. Subfacility denominated in Dollars), the
Canadian Base Rate (for amounts due under the Canadian Subfacility denominated
in Dollars), the Canadian Prime Rate (for Canadian Dollars) or the European Base
Rate (for other Alternative Currencies) 

2.15.       Revolving
Commitment Increase.

(a)          Subject
to the terms and conditions set forth herein, after the ClosingSecond Amendment
Effective Date, the Company shall have the right to request, by
written notice to the Administrative Agent, an increase in the Revolving
Commitments under any Subfacility or Revolving
Commitments under a first-in last-out facility (an
“Incremental FILO
Facility”)
(each, a “Revolving Commitment Increase”) in an aggregate
amount such that, after giving effect to any such Revolving Commitment Increase,
the aggregate principal amount of all then outstanding Revolving Commitments
does not exceed $450,000,000435,000,0002; provided that (i) any Revolving
Commitment Increase shall be on the same terms (including the Maturity Date
under the applicable Subfacility) and pursuant to the documentation applicable
to the applicable Subfacility, except as set forth under the second sentence of
Section 2.15(d) and except with respect to any commitment, arrangement,
upfront or similar fees that may be agreed to among the Company and the Increase
Loan Lenders and except in the case of an
Incremental FILO Facility, which shall have terms as may be agreed among the
Company and the Increase Loan Lenders (which terms (other than advance rates,
revolving or term nature of the facility, pricing, interest rate margins,
discounts, premiums, rate floors, and fees) shall be
reasonably satisfactory to the
Administrative Agent (it being
understood to the extent that any financial maintenance covenant is added for
the benefit of any Incremental FILO Facility or the covenant set forth in
Section
9.12 is made more restrictive on
the Company, no consent shall be required from the Administrative Agent or any
Lender to the extent that such financial maintenance covenant is also added, or
such covenant is made more restrictive, for the benefit of the Lenders, and
payments on any such Incremental FILO Facility pursuant to
Section
10.11 shall be subordinated to
payment of all other Obligations other than Secured Bank Product Obligations
that are not Secured Reserved Hedges)), (ii) any Revolving
Commitment Increase shall be in a minimum amount of $25,000,00015,000,000 or, if less than $25,000,00015,000,000 is available, the amount left
available; provided that increases in U.S. Tranche B
Revolving Commitments under the U.S. Tranche B Subfacility shall be in a minimum
amount of $15,000,000, (iii) the North American Minimum Requirement
shall be met at all times, and (iv) the aggregate
amount of Incremental FILO Facilitiesincreases in U.S.
Tranche B Revolving Commitments under the U.S. Tranche B Subfacility
shall not exceed $35,000,00020,000,000 in the aggregate. 

(b)          Each
notice submitted pursuant to this Section 2.15 (a “Revolving
Commitment Increase Notice”) requesting a Revolving Commitment Increase
shall specify (i) the amount of the increase in the Revolving Commitments being
requested and (ii) the Subfacility or Subfacilities under which such Revolving
Commitments are being requested to be increased or
if such Revolving Commitment Increase will take the form of an Incremental FILO
Facility. Upon receipt of a Revolving Commitment Increase
Notice, the Administrative Agent may (at the direction of the Company) promptly
notify the applicable Revolving Lenders and each such Revolving Lender may
(subject to the Company’s consent, which consent the Company may exercise in its
sole discretion (it is understood that the Company shall not be obligated to
notify any existing Revolving Lender of any request for a Revolving Credit
Increase or consent to any existing Revolving Lender’s participation in any such
Revolving Commitment Increase) have the right to elect to have its Revolving
Commitment increased by its Pro Rata Percentage under the applicable Subfacility
or Subfacilities (it being understood and agreed that (x) a Lender may elect to
have its Revolving Commitment increased in excess of its Pro Rata
Percentage under the applicable Subfacility or Subfacilities in its discretion
if any other Lender declines to participate in the Revolving Commitment Increase
and (y) the Company may elect to offer, or consent to, an increase in the
Revolving Commitments of any Lender on a basis that is less than its Pro Rata
Percentage under the applicable Subfacility or Subfacilities of such Revolving
Commitment Increase) of the requested increase in Revolving Commitments;
provided that (i) each Lender may elect or decline, in its sole
discretion, to have its Revolving Commitment increased in connection with any
requested Revolving Commitment Increase, it being understood that no Lender
shall be obligated to increase its Revolving Commitment unless it, in its sole
discretion, so agrees and, if a Lender fails to respond to any Revolving
Commitment Increase Notice within five (5) Business Days after such Lender’s
receipt of such request, such Lender shall be deemed to have declined to
participate in such Revolving Commitment Increase; (ii) if any Lender declines
to participate in any Revolving Commitment Increase or the Company does not
consent to or request the participation of a Revolving Lender in any such
Revolving Commitment) and, as a result, commitments from additional financial
institutions are required in connection with the Revolving Commitment Increase,
any Person or Persons providing such commitment (such additional financial
institutions “Additional Lenders”) shall be subject to the written
consent of the Administrative Agent, the applicable Swingline Lenders and the
applicable Issuing Banks (in each case, such consent not to be unreasonably
withheld, conditioned or delayed) if such consent would be required under Section 12.04 for an assignment of the commitments to such Additional
Lender; (iii) in no event shall a Defaulting Lender be entitled to participate
in such Revolving Commitment Increase; and (iv) no Issuing Bank or Swingline
Lender shall be required to act in such capacity under the Revolving Commitment
Increase without its prior written consent. In the event that any Lender or
other Person agrees to participate in any Revolving Commitment Increase (each an
“Increase Loan Lender”), such Revolving Commitment Increase shall become
effective on such date as shall be mutually agreed upon by the Increase Loan
Lenders and the Company, which date shall be as soon as practicable after the
date of receipt of the Revolving Commitment Increase Notice (such date, the
“Increase Date”); provided that the establishment of such
Revolving Commitment Increase shall be subject to the satisfaction of each of
the following conditions: (1) no Event of Default would exist after giving
effect thereto; (2) the Revolving Commitment Increase shall be effected pursuant
to one or more joinder agreements executed and delivered by the Company, the
Administrative Agent, and the Increase Loan Lenders, each of which shall be
reasonably satisfactory to the Company, the Administrative Agent, and the
Increase Loan Lenders; (3) the Borrowers shall execute and deliver or cause to
be executed and delivered to the Administrative Agent, to the extent required by
the Lenders and Additional Lenders providing such Revolving Commitment
Increases, customary closing certificates, legal opinions, good standing
certificates, resolutions and organizational documents of the type and form
delivered on the Closing Date; (4) the representations and warranties contained
in Section 7 shall be true and correct in all material respects (or in
all respects to the extent that any representation or warranty is qualified by
materiality) as of the Increase Date (except to the extent such representations
and warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true and correct in all material
respects on and as of such earlier date); and (5) the Borrowers shall have paid
to the Administrative Agent and the Increase Loan Lenders all fees and expenses
required to be paid in connection with any such Revolving Commitment Increase to
the Administrative Agent and the Lenders providing such Revolving Commitment
Increase shall have been paid to the extent due and owing and, with respect to
expenses, to the extent invoices have been received no later than three Business
Days prior to the proposed Increase Date. 

_________________________________________
2 Reduced by the current FILO. 

(c)          On
  the Increase Date, upon fulfillment of the conditions set forth in this
  Section 2.15, (i) the Administrative Agent shall effect a settlement of
  all outstanding Revolving Loans among the Lenders that will reflect the
  adjustments to the Revolving Commitments of the Lenders as a result of the
  Revolving Commitment Increase, (ii) the Administrative Agent shall notify the
  Lenders and Credit Parties of the occurrence of the Revolving Commitment
  Increase to be effected on the Increase Date, (iii) Schedule 2.01 shall
  be deemed modified to reflect the revised Revolving Commitments of the affected
Lenders and (iv) Notes will be issued, at the expense of the
Borrowers, to any Lender participating in the Revolving Commitment Increase and
requesting a Note. 

(d)          Except
  as described in Section 2.15, the terms and provisions of the Revolving
  Commitment Increase (other than an Incremental FILO
    Facility) shall be identical to the Revolving Loans and the
  Revolving Commitments under the applicable
    Subfacility and, for purposes of this Agreement and the other Credit
  Documents, all Revolving Loans made under the Revolving Commitment Increase
  shall be deemed to be Revolving Loans. Without limiting the generality of the
  foregoing, (i) the pricing applicable to the Revolving Commitment Increase (x)
  not in the form of a first-in last-out facility shall be on terms as agreed with
  the Increase Loan Lenders but the Applicable Margins and the Ex-FILO Unused Line Fee Rate under the then existing
  Revolving Commitment Increase shall be increased to be consistent with that for
  such Revolving Commitment Increase and (y) in the form of a first-in last-out
  facility shall be on terms as agreed with the Increase Loan Lenders thereunder
  but shall not include any “most favored nation” pricing provisions, (ii) the
  Revolving Commitment Increase (other than an
    Incremental FILO Facility) shall share ratably in any mandatory
  prepayments of the Revolving Loans under the applicable
    Subfacility, (iii) after giving effect to such Revolving Commitment
  Increases, Revolving Commitments shall be reduced or increased (as applicable)
  based on each Lender’s Pro Rata Percentage under the applicable Subfacility or
  Subfacilities and (iv) other than as set forth in
    the second parenthetical in clause (i) of Section 2.15(a) with respect to any
    Incremental FILO Facility, the Revolving Commitment Increase
  shall rank equal in right of payment and security with and shall benefit from
  the same guarantees as the existing Revolving Loans.
    The Incremental FILO Facility may have a separate borrowing base against assets
    of a type included in the Borrowing Base or may be Incurred in amounts that have
    no relationship to a borrowing base or the assets included in the Borrowing
    Base; provided, that, to the extent the Incremental FILO Facility is a revolving
    facility and there are at any time after the effectiveness of such facility,
    commitments thereunder to be borrowed against, any Borrowing under this
    Agreement shall be required to be made first under the Incremental FILO Facility
    until there is no longer any borrowing availability thereunder (including to the
    extent that the amount of any borrowing availability is capped by the size of a
    borrowing base) prior to being permitted be made under the Revolving
    Commitments under the applicable
      Subfacility. Each joinder agreement and any amendment to any Credit
  Document requested by the Administrative Agent in connection with the
  establishment of the Revolving Commitment Increase may, without the consent of
  any of the Lenders, effect such amendments to this Agreement (an “Incremental
    Revolving Commitment Agreement”) and the other Credit Documents as may be
  reasonably necessary or appropriate, in the opinion of the Administrative Agent
and the Company, to effect the provisions of this Section 2.15. 

2.16.       Borrower
Representative. Each Borrower hereby designates the Company as its
representative and agent for all purposes under the Credit Documents, including
requests for Revolving Loans and Letters of Credit, designation of interest
rates, delivery or receipt of communications, preparation and delivery of
Borrowing Base Certificates and financial
reports, receipt and payment of Obligations, requests for waivers, amendments or
other accommodations, actions under the Credit Documents (including in respect
of compliance with covenants), and all other dealings with the Administrative
Agent, the Issuing Banks or any Lender. The Company hereby accepts such
appointment. The Administrative Agent and the Lenders shall be entitled to rely
upon, and shall be fully protected in relying upon, any notice or communication
(including any Notice of Borrowing) delivered by the Company on behalf of any
Borrower. The Administrative Agent and the Lenders may give any notice or
communication with a Borrower hereunder to the Company on behalf of such
Borrower. Each of the Administrative Agent, the Issuing Banks and the Lenders
shall have the right, in its discretion, to deal exclusively with the Company
for any or all purposes under the Credit Documents. Each Borrower agrees that
any notice, election, communication, representation, agreement or undertaking
made on its behalf by the Lead Borrower shall be binding upon and enforceable
against it. 

2.17.      
Overadvances. If (i) the Dollar Equivalent of the aggregate U.S. Tranche A Revolving Exposure outstanding exceeds the
U.S. Tranche A Line Cap, (ii) the Dollar
Equivalent of the aggregate Canadian Revolving Exposure outstanding exceeds the
Canadian Line Cap, (iii) the Dollar Equivalent of the aggregate Dutch Revolving
Exposure outstanding exceeds the Dutch Line Cap
or, (iv) the Dollar Equivalent of the aggregate Ex-FILO Revolving
Exposure outstanding exceeds the Line Cap or (v) the Dollar
Equivalent of the aggregate Revolving Exposure outstanding exceeds the sum of
the Line Cap and the U.S. Tranche B
Subfacility Line Cap (each of the foregoing clauses (i), (ii),
(iii) and, (iv) and (v), an
“Overadvance”), in each case, at any time, the excess amount shall be
payable by the applicable Borrowers in accordance with Section
2.09(b)(iii), but
all such Ex-FILO Revolving Exposure and the U.S. Tranche B Revolving Exposure
shall nevertheless constitute Obligations secured by the Collateral and entitled
to all benefits of the Credit Documents. The Administrative Agent may require
Lenders to honor requests for Overadvance Loans and to forbear from requiring
the Borrowers to cure an Overadvance, (a) when no other Event of Default is
known to the Administrative Agent, as long as (i) the Overadvance does not
continue for more than 30 consecutive days (and no Overadvance may exist for at
least five consecutive days thereafter before further Overadvance Loans are
required) and, (ii) the aggregate amount of all Overadvances and
Protective Advances is not known by the Administrative Agent to exceed 10% of
the Line Cap or (b) when the Administrative Agent discovers an Overadvance not
previously known by it to exist, so long as from the date of such discovery, the
Overadvance (i) does not increase by more than $3,500,000, and (ii) does not
continue for more than 30 consecutive days. In no event shall Overadvance Loans
be required that would cause (i) the Dollar Equivalent of the aggregate
outstanding U.S. Tranche A Revolving Exposure
to exceed the aggregate U.S. Tranche A
Revolving Commitments, (ii) the Dollar Equivalent of the aggregate outstanding
Canadian Revolving Exposure to exceed the aggregate Canadian Revolving
Commitments, (iii) the Dollar Equivalent of the aggregate outstanding Dutch
Revolving Exposure to exceed the aggregate Dutch Revolving Commitments, or (iv) the Dollar Equivalent of the aggregate
outstanding Ex-FILO Revolving Exposure to
exceed the aggregate Ex-FILO Revolving
Commitments . The making of any Overadvance shall not create nor constitute a
Default or Event of Default; it being understood that the making or continuance
of an Overadvance shall not constitute a waiver by the Administrative Agent or
the Lenders of the then existing Event of Default. In no event shall any
Borrower or other Credit Party be permitted to require any Overadvance Loan to
be made. Required Lenders may at any time revoke the Administrative Agent’s
authority to make further Overadvance Loans by written notice to the
Administrative Agent. Absent such revocation, the Administrative Agent’s
determination that funding of an Overadvance Loan is appropriate shall be
conclusive. 

2.18.       Protective
Advances. The Administrative Agent shall be authorized, in its discretion,
following notice to and consultation with the Company, at any time, to make U.S.
Base Rate Loans to the U.S. Borrowers under the U.S.
Tranche A Subfacility (each such loan, a “U.S. Tranche A Protective Advance”), Canadian Prime
Loans (through its Canada branch or Canadian lending office) to the Canadian
Borrowers (each such Loan, a “Canadian Protective Advance”) and European
Base Rate Loans (through its London branch or U.K. lending office) to the Dutch
Borrowers (each such Loan, a “Dutch Protective Advance” and, together
with the U.S. Tranche A Protective Advances
and Canadian Protective Advances, “the
“Protective Advances”) (a) (i) in an aggregate amount,
together with the aggregate amount of all Overadvance Loans under the Ex-FILO Subfacilities, not to exceed 10% of
the Line Cap, (ii) in an aggregate amount, together with the aggregate amount of
Overadvance Loans under the U.S. Tranche A
Subfacility, not to exceed 10% of the Line Cap for the U.S. Tranche A Subfacility, (iii) in an aggregate amount,
together with the aggregate amount of Overadvance Loans under the Canadian
Subfacility, not to exceed 10% of the Line Cap for the Canadian Subfacility and
(iv) in an aggregate amount, together with the aggregate amount of Overadvance
Loans under the Dutch Subfacility, not to exceed 10% of the Line Cap for the
Dutch Subfacility, if the Administrative Agent deems such Protective Advances
necessary or desirable to preserve and protect the Collateral, or to enhance the
collectability or repayment of the Obligations under such Subfacility; or (b) to
pay any other amounts chargeable to Credit Parties under any Credit Documents, including costs, fees and
expenses; provided that (i) the Dollar Equivalent of the aggregate amount
of outstanding Protective Advances plus the Dollar Equivalent of the
outstanding amount of Ex-FILO Revolving
Exposure shall not exceed the aggregate Ex-FILO Revolving Commitments, (ii) the Dollar
Equivalent of the aggregate amount of outstanding U.S. Tranche A Protective Advances plus the Dollar
Equivalent of the outstanding amount of U.S. Tranche
A Revolving Exposure shall not exceed the aggregate U.S. Tranche A Revolving Commitments, (iii) the Dollar
Equivalent of the aggregate amount of outstanding Canadian Protective Advances plus the Dollar Equivalent of the outstanding amount of Canadian
Revolving Exposure shall not exceed the aggregate Canadian Revolving Commitments
and (iv) the Dollar Equivalent of the aggregate amount of outstanding Dutch
Protective Advances plus the Dollar Equivalent of the outstanding amount
of Dutch Revolving Exposure shall not exceed the aggregate Dutch Revolving
Commitments. Each applicable Lender shall participate in each Protective Advance
in accordance with its Pro Rata Percentage under the applicable Subfacility or
Subfacilities. Required Lenders may at any time revoke the Administrative
Agent’s authority to make further Protective Advances under clause (a) by
written notice to the Administrative Agent. Absent such revocation, the
Administrative Agent’s determination that funding of a Protective Advance is
appropriate shall be conclusive. The Administrative Agent may use the proceeds
of such Protective Advances to (a) protect, insure, maintain or realize upon any
Collateral; or (b) defend or maintain the validity or priority of the Collateral
Agent’s Liens on any Collateral, including any payment of a judgment, insurance
premium, warehouse charge, finishing or processing charge, or landlord claim, or
any discharge of a Lien. 

2.19.       Extensions
of Revolving Loans and Revolving Commitments.

(a)          The
Company may at any time and from time to time request that all or a portion of
the Ex-FILO Revolving Commitments of any Class
(including in respect of any Ex-FILO
Subfacility, and, in each case, including any previously extended Ex-FILO Revolving Commitments), existing at the time of
such request (each, an “Existing Revolving Commitment” and any related
Ex-FILO Revolving Loans under any such Class
(including in respect of any Ex-FILO
Subfacility), “Existing Revolving Loans”; each Existing Revolving Commitment and
related Existing Revolving Loans together being referred to as an “Existing
Revolving Class”) be converted or exchanged to extend the termination date
thereof and the scheduled maturity date(s) of any payment of principal with
respect to all or a portion of any principal amount of Existing Revolving Loans
related to such Existing Revolving Commitments (any such Existing Revolving
Commitments which have been so extended, “Extended Revolving Commitments”
and any related Revolving Loans, “Extended Revolving Loans”) and to
provide for other terms consistent with this Section 2.19. Prior to
entering into any Extension Amendment with respect to any Extended Revolving
Commitments, the Company shall provide a notice to the Administrative Agent (who
shall provide a copy of such notice to each of the Lenders of the applicable
Class (including in respect of any Ex-FILO
Subfacility) of Existing Revolving Commitments, with such request offered
equally to all Lenders of such Class (including in respect of any Ex-FILO Subfacility)) (a “Extension Request”)
setting forth the proposed terms of the Extended Revolving Commitments to be
established thereunder, which terms shall be similar to those applicable to the
Existing Revolving Commitments from which they are to be extended (the
“Specified Existing Revolving Commitment Class”) except that (w) all or
any of the final maturity and/or termination dates of such Extended Revolving
Commitments may be delayed to later dates than the final maturity and/or
termination dates of the Existing Revolving Commitments of the Specified
Existing Revolving Commitment Class, (x)(A) the interest rates, interest
margins, rate floors, upfront fees, funding discounts, original issue discounts
and prepayment terms and premiums with respect to the Extended Revolving
Commitments may be different than those for the Existing Revolving Commitments
of the Specified Existing Revolving Commitment Class and/or (B) additional fees
and/or premiums may be payable to the Lenders providing such Extended Revolving
Commitments in addition to or in lieu of any of the items contemplated by the
preceding clause (A) and (y)(1) the Ex-FILO
Unused Line Fee Rate with respect to the Extended Revolving Commitments may be
different than those for the Specified Existing Revolving Commitment Class and (2) the
Extension Amendment may provide for other covenants and terms that apply to any
period after the Latest Maturity Date; provided that, notwithstanding
anything to the contrary in this Section 2.19 or otherwise, (I) the
borrowing and repayment (other than in connection with a permanent repayment and
termination of commitments) of the Extended Revolving Loans under any Extended
Revolving Commitments shall be made on a pro rata basis with any borrowings and
repayments of the Existing Revolving Loans of the Specified Existing Revolving
Commitment Class (the mechanics for which may be implemented through the
applicable Extension Amendment and may include technical changes related to the
borrowing and repayment procedures of the Specified Existing Revolving
Commitment Class) and (II) subject to the applicable limitations set forth in Section 2.07, permanent repayments of Extended Revolving Loans (and
corresponding permanent reduction in the related Extended Revolving Commitments)
shall be permitted as may be agreed between the Company and the Lenders thereof.
No Lender shall have any obligation to agree to have any of its Revolving Loans
or Revolving Commitments of any Existing Revolving Class converted or exchanged
into Extended Revolving Loans or Extended Revolving Commitments pursuant to any
Extension Request. Any Extended Revolving Commitments of any Extension Series
shall constitute a separate Class of Revolving Commitments from Existing
Revolving Commitments of the Specified Existing Revolving Commitment Class and
from any other Existing Revolving Commitments (together with any other Extended
Revolving Commitments so established on such date). 

(b)          The
  Company shall provide the applicable Extension Request to the Administrative
  Agent at least five (5) Business Days (or such shorter period as the
  Administrative Agent may determine in its reasonable discretion) prior to the
  date on which Lenders under the Existing Revolving Class are requested to
  respond, and shall agree to such procedures, if any, as may be established by,
  or acceptable to, the Administrative Agent, in each case acting reasonably, to
  accomplish the purpose of this Section 2.19. Any Lender (an “Extending
    Lender”) wishing to have all or a portion of its Ex-FILO Revolving Commitments (or any earlier Extended
  Revolving Commitments) of an Existing Revolving Class subject to such Extension
  Request converted or exchanged into Extended Revolving Commitments shall notify
  the Administrative Agent (an “Extension Election”) on or prior to the
  date specified in such Extension Request of the amount of its Ex-FILO Revolving Commitments (and/or any earlier
  Extended Revolving Commitments) which it has elected to convert or exchange into
  Extended Revolving Commitments (subject to any minimum denomination requirements
  imposed by the Administrative Agent). Any Lender that does not respond to the
  Extension Request on or prior to the date specified therein shall be deemed to
  have rejected such Extension Request. Each Lender under the Class of Existing
  Revolving Loans being extended shall have the opportunity to participate in such
  extension on the same terms as each other Lender under such Class of Existing
  Revolving Loans. In the event that the aggregate amount of Ex-FILO Revolving Commitments (and any earlier extended
  Extended Revolving Commitments) subject to Extension Elections exceeds the
  amount of Extended Revolving Commitments requested pursuant to the Extension
  Request, Ex-FILO Revolving Commitments or
  earlier extended Extended Revolving Commitments, as applicable, subject to
  Extension Elections shall be converted to or exchanged to Extended Revolving
  Commitments on a pro rata basis (subject to such rounding requirements as may be
  established by the Administrative Agent) based on the amount of Ex-FILO Revolving Commitments and earlier extended
  Extended Revolving Commitments included in each such Extension Election or as
  may be otherwise agreed to in the applicable Extension Amendment.
  Notwithstanding the conversion of any Existing Revolving Commitment into an
  Extended Revolving Commitment, unless expressly agreed by the holders of each
  affected Existing Revolving Commitment of the Specified Existing Revolving
  Commitment Class, such Extended Revolving Commitment shall not be treated more
  favorably than all Existing Revolving Commitments of the Specified Existing
  Revolving Commitment Class for purposes of the obligations of a Lender in
  respect of Swingline Loans and Letters of Credit, except that the applicable
  Extension Amendment may provide that the last day for making Swingline Loans
  and/or the last day for issuing Letters of Credit may be extended and the
  related obligations to make Swingline Loans and issue Letters of Credit may be
  continued (pursuant to mechanics to be specified in the applicable Extension
Amendment) so long as the Swingline Lender and/or each Issuing
Bank shall have consented to such extensions (it being understood that no
consent of any other Lender shall be required in connection with any such
extension). 

(c)          Extended
  Revolving Commitments shall be established pursuant to an amendment (an
  “Extension Amendment”) to this Agreement (notwithstanding anything to the
  contrary set forth in Section 12.10, shall not require the consent of any
  Lender other than the Extending Lenders with respect to the Extended Revolving
  Commitments established thereby), executed by the Credit Parties, the
  Administrative Agent and the Extending Lenders. In connection with any Extension
  Amendment, the Company shall deliver an opinion of counsel reasonably acceptable
  to the Administrative Agent and addressed to the Administrative Agent and the
  applicable Extending Lenders (i) as to the enforceability of such Extension
  Amendment, this Agreement as amended thereby, and such of the other Credit
  Documents (if any) as may be amended thereby and covering customary matters and
  (ii) to the effect that such Extension Amendment, included the Extended
  Revolving Loans and Extended Revolving Commitments provided for therein, does
not breach or result in a default under this Agreement. 

(d)          Notwithstanding
anything to the contrary contained in this Agreement, (i) on any date on which
any Class of Existing Revolving Commitments is converted or exchanged to extend
the related scheduled maturity or termination date(s) in accordance with
paragraph (a) above (an “Extension Date”), the aggregate principal amount
of such Existing Revolving Commitments shall be deemed reduced by an amount
equal to the aggregate principal amount of Extended Revolving Commitments so
converted or exchanged by such Lender on such date (or by any greater amount as
may be agreed by the Company and such Lender), and such Extended Revolving
Commitments shall be established as a separate Class of Revolving commitments
from the Specified Existing Revolving Commitment Class and from any other
Existing Revolving Commitments (together with any other Extended Revolving
Commitments so established on such date) and (ii) if, on any Extension Date, any
Existing Revolving Loans of any Extending Lender are outstanding under the
Specified Existing Revolving Commitment Class, such Existing Revolving Loans
(and any related participations) shall be deemed to be converted or exchanged to
Extended Revolving Loans (and related participations) of the applicable Class in
the same proportion as such Extending Lender’s Specified Existing Revolving
Commitments to Extended Revolving Commitments of such Class. 

(e)          In
the event that the Administrative Agent determines in its sole discretion that
the allocation of the Extended Revolving Commitments of a given Class to a given
Lender was incorrectly determined as a result of manifest administrative error
in the receipt and processing of an Extension Election timely submitted by such
Lender in accordance with the procedures set forth in the applicable Extension
Amendment, then the Administrative Agent, the Company and such affected Lender
may (and hereby are authorized to), in their sole discretion and without the
consent of any other Lender, enter into an amendment to this Agreement and the
other Credit Documents (each, a “Corrective Extension Amendment”) within
15 days following the effective date of such Extension Amendment, as the case
may be, which Corrective Extension Amendment shall (i) provide for the
conversion or exchange and extension of Existing Revolving Commitments (and
related Revolving Exposure), as the case may be, in such amount as is required
to cause such Lender to hold Extended Revolving Commitments (and related
Revolving Exposure) of the applicable Extension Series into which such other
commitments were initially converted or exchanged, as the case may be, in the
amount such Lender would have held had such administrative error not occurred
and had such Lender received the minimum allocation of the applicable Loans or
Commitments to which it was entitled under the terms of such Extension
Amendment, in the absence of such error, and (ii) be subject to the satisfaction
of such conditions as the Administrative Agent, the Company and such Lender may
agree. 

(f)          No
conversion or exchange of Loans or Commitments pursuant to any Extension
Amendment in accordance with this Section 2.19 shall constitute a
voluntary or mandatory payment or prepayment for purposes of this Agreement.

2.20.       Adjustment
of Revolver Commitments.

(a)          The
Company may, by written notice to the Administrative Agent, request that the
Administrative Agent and the Lenders increase or decrease any Ex-FILO Subfacility (a “Revolver Commitment
Adjustment”), which request shall be granted by each Lender electing to
participate in such Revolver Commitment Adjustment (subject to the last sentence
of this clause (a)) provided that each of the following conditions are
satisfied: (i) no more than four Revolver Commitment Adjustments may be made in
any fiscal year, (ii) the written request for a Revolver Commitment Adjustment
must be received by the Administrative Agent at least five (5) Business Days (or
such shorter period of time as may be reasonably agreed to by the Administrative
Agent) prior to the requested date (which shall be a Business Day) of the
effectiveness of such Revolver Commitment Adjustment (such date of
effectiveness, the “Commitment Adjustment Date”), (iii) no Default or
Event of Default shall have occurred and be continuing as of the date of such
request or both immediately before and after giving effect thereto as of the
Commitment Adjustment Date, (iv) any increase in any Ex-FILO Subfacility shall result in a Dollar-for-Dollar
decrease in one or more other Ex-FILO
Subfacilities pursuant to this Section 2.20, and any decrease in the any
Ex-FILO Subfacility pursuant to this
Section 2.20 shall result in a Dollar-for-Dollar increase in one or more
other Ex-FILO Subfacilities, (v) the North
American Minimum Requirement shall be met at such time, (vi) no Revolver
Commitment Adjustment shall be permitted if, after giving effect thereto, an
Overadvance would exist as determined according to the Borrowing Base
Certificate delivered pursuant to clause (ii), and (viii) the Administrative
Agent shall have received a certificate of the Company dated as of the
Commitment Adjustment Date certifying the satisfaction of all such conditions
(including calculations thereof in reasonable detail) and otherwise in form and
substance reasonably satisfactory to the Administrative Agent. Any such Revolver
Commitment Adjustment shall be in an amount equal to $5,000,000 or a multiple of
$1,000,000 in excess thereof and shall concurrently increase or reduce, as
applicable, the aggregate Ex-FILO Revolving
Commitments available for use under each Ex-FILO Subfacility on a basis allocated by the
Administrative Agent following discussion with each Lender as to their desire to
participate in such Revolver Commitment Adjustment (which allocation may vary
from each such Lender’s Pro Rata Percentage under the applicable Subfacility or
Subfacilities of the amount to be reallocated). Notwithstanding the foregoing,
(i) each Lender may elect or decline, in its sole discretion, to have its
Ex-FILO Revolving Commitment reallocated in
connection with any requested Revolver Commitment Adjustment, it being
understood that no Lender shall be obligated to reallocate its Ex-FILO Revolving Commitment unless it, in its sole
discretion, so agrees and, if a Lender fails to respond to any request for a
Revolver Commitment Adjustment within five (5) Business Days after such Lender’s
receipt of such request, such Lender shall be deemed to have declined to
participate in such Revolver Commitment Adjustment and (ii) in no event shall a
Lender’s aggregate Commitment with respect to the Ex-FILO
Subfacilities be reduced without its explicit consent. 

(b)          The
Administrative Agent shall promptly inform the Lenders of any request for a
Revolver Commitment Adjustment made by the Company. If the conditions set forth
in clause (a) above are not satisfied on the applicable Commitment Adjustment
Date (or, to the extent such conditions relate to an earlier date, such earlier
date), the Administrative Agent shall notify the Company in writing that the
requested Revolver Commitment Adjustment will not be effectuated;
provided, however, that the Administrative Agent shall in all
cases be entitled to rely (without liability) on the certificate delivered by
the Company pursuant to clause (a)(viii) immediately above in making its
determination as to the satisfaction of such conditions. On each Commitment
Adjustment Date, the Administrative Agent shall notify the Lenders and the
Company, on or before 2:00 p.m. (Local Time), by e-mail, of the occurrence of
the Revolver Commitment Adjustment to be effected on such Commitment Adjustment
Date, the amount of Ex-FILO Revolving Loans
held by each Lender as a result thereof, the amount of the Ex-FILO Revolving Commitment of each Lender available
for use under each Ex-FILO Subfacility and the
percentage of each Ex-FILO Revolving Loan that
each participant must purchase a participation interest in as a result thereof. 

2.21.       Subsidiary
Borrowers.

(a)          The
Company may at any time, upon not less than 5 Business Days’ notice from the
Company to the Administrative Agent (or such shorter period as may be reasonably
agreed by the Administrative Agent), designate any one or more Domestic
Subsidiaries, Canadian Subsidiaries or Dutch Subsidiaries of the Company that
have assets of the type eligible for inclusion in the applicable Borrowing Base
(an “Applicant Borrower”) as a U.S. Borrower, Canadian Borrower or Dutch
Borrower, respectively, to receive Loans hereunder by delivering to the
Administrative Agent (which shall promptly deliver counterparts thereof to each
Lender) a duly executed notice and agreement in substantially the form of
Exhibit K or such other form as may be agreed by the Company and the
Administrative Agent (acting reasonably) (a “Borrower Designation Request and
Assumption Agreement”). The parties hereto acknowledge and agree that prior
to any Applicant Borrower becoming entitled to utilize the credit facilities
provided for herein the Administrative Agent and the Lenders shall have received
such supporting resolutions, constitutional documents, incumbency certificates,
opinions of counsel, other documents required to be delivered pursuant to the
Collateral and Guarantee Requirement, valuations and other documents,
instruments or information (including any “know-your-customer” information
reasonably requested by the Administrative Agent or any Lender (through the
Administrative Agent)), in each case similar in scope and substance to the same
type of documents delivered on the Closing Date, as may be required by the
Administrative Agent or the Required Lenders, and Notes signed by such new
Borrowers to the extent any Lenders so require. If the Administrative Agent
agrees that an Applicant Borrower shall have satisfied all of the requirements
of this Section 2.21 and, therefore, be entitled to receive Loans
hereunder, then promptly following receipt of all such requested resolutions,
incumbency certificates, other documents required to be delivered pursuant to
the Collateral and Guarantee Requirement, opinions of counsel and other
documents, instruments or information, the Administrative Agent shall send a
notice in substantially the form of Exhibit K (a “Borrower Designation
Notice”) to the Company and the Lenders specifying the effective date upon
which the Applicant Borrower shall constitute a U.S. Borrower, if the Applicant
Borrower is a Domestic Subsidiary, a Canadian Borrower, if the Applicant
Borrower is a Canadian Subsidiary, or a Dutch Borrower, if the Applicant
Borrower is a Dutch Subsidiary, for purposes hereof, whereupon each of the
Lenders agrees to permit such Applicant Borrower to become a Borrower for all
purposes of this Agreement (including to receive Loans hereunder, on the terms
and conditions set forth herein); provided that no Notice of Borrowing
may be submitted by or on behalf of such Applicant Borrower until one Business
Day after such effective date. 

(b)          The
Company may from time to time, upon not less than 5 Business Days’ notice from
the Company to the Administrative Agent (or such shorter period as may be
reasonably agreed by the Administrative Agent), terminate any Domestic
Subsidiary's, Canadian Subsidiary’s or Dutch Subsidiary’s status as a Borrower;
provided that there are no outstanding Revolving Loans or LC Obligations
payable by such Borrower or other amounts payable by such Borrower on account of
any Credit Extensions made to it, as of the effective date of such termination
(unless such Loans and other Obligations have been assumed by another Borrower).
Following the termination of any Subsidiary’s status as a Borrower hereunder,
such Subsidiary shall, subject to the Collateral and Guarantee Requirement,
remain a Subsidiary Guarantor and shall remain subject to the terms of this
Agreement. The Administrative Agent will promptly notify the Lenders of any such
termination of a Borrower’s status.

2.22.      
Reserves.

(a)          The
Administrative Agent may at any time and from time to time in the exercise of
its Permitted Discretion establish and increase or decrease Reserves;
provided that, as a condition to the establishment of any new category of
Reserves, or any increase in Reserves resulting from a change in the manner of
determination thereof, any Required Reserve Notice shall have been given to the
Company. The amount of any Reserve established or modified by the Administrative
Agent shall have a reasonable relationship to circumstances, conditions, events
or contingencies that are the basis for such Reserve, as reasonably determined,
without duplication, by the Administrative Agent; provided that
circumstances, conditions, events or contingencies existing or arising prior to
the Closing Date and, in each case, disclosed in writing in any Field
Examination or Appraisal delivered to the Administrative Agent in connection
herewith or otherwise known to the Administrative Agent prior to the Closing
Date shall not be the basis for any establishment of any Reserves after the
Closing Date, unless (x) such circumstances, conditions, events or contingencies
shall have changed in a material respect since the Closing Date or (y) the
Administrative Agent has identified, or been made aware of, such circumstances,
conditions, events or contingencies prior to the Closing Date and advised the
Company that a future Reserve may be taken therefor. 

(b)          Upon
delivery of such notice, the Administrative Agent shall be available to discuss
the proposed Reserve or increase, and the Company may take such action as may be
required so that the event, condition or matter that is the basis for such
Reserve or increase no longer exists, in a manner and to the extent reasonably
satisfactory to the Administrative Agent in the exercise of its Permitted
Discretion. In no event shall such notice and opportunity limit the right of the
Administrative Agent to establish or change such Reserve, unless the
Administrative Agent shall have determined in its Permitted Discretion that the
event, condition or other matter that is the basis for such new Reserve or such
change no longer exists or has otherwise been adequately addressed by the Credit
Parties. Notwithstanding anything herein to the contrary, Reserves shall not
duplicate eligibility criteria contained in the definition of the term “Eligible
Accounts”, “Eligible Equipment”, “Eligible Fee-Owned Real Estate”, “Eligible
InTransit Inventory”, “Eligible Insured and Letter of Credit Backed Account” or
“Eligible Inventory” and vice versa, or reserves or criteria deducted in
computing the Cost or Fair Market Value or the Outstanding Balance or the Net
Orderly Liquidation Value of any Eligible Account, Eligible Equipment, Eligible
Fee-Owned Real Estate, Eligible In-Transit Inventory, Eligible Insured and
Letter of Credit Backed Account or Eligible Inventory, as the case may be, and
vice versa. 

Section
3      Yield Protection, Illegality and
Replacement of Lenders.

3.01.       Increased
Costs, Illegality, etc.

(a)          In
the event that (x) in the case of clause (i) below, the Administrative Agent, or
(y), in the case of clauses (ii) and (iii) below, any Lender, shall have
determined (which determination shall, absent demonstrable error, be final and
conclusive and binding upon all parties hereto: 

 (i)          on
any Rate Determination Date that, by reason of any changes arising after the
Closing Date affecting the interbank Eurodollar market or Canadian interbank
market, adequate and fair means do not exist for ascertaining the applicable
interest rate on the basis provided for in the definition of the term
“Eurocurrency Rate” or “Canadian B/A Rate”; 

 (ii)         at
any time, that such Lender shall incur increased costs or reductions in the
amounts received or receivable hereunder with respect to any Eurocurrency Rate
Loan or B/A Equivalent Loan because of any change since the Closing Date in any
Requirements of Law (whether or not having the force of a law) or in the
official interpretation or administration thereof and including the introduction of any new Requirements of Law,
official guideline or request, such as, but not limited to: (A) any Tax imposed
on any Lender (except Indemnified Taxes or Other Taxes indemnifiable under
  Section 4.01 or any Excluded Taxes) or (B) a change in official reserve
requirements, but, in all events, excluding reserves required under Regulation D
to the extent included in the computation of the Eurocurrency Rate or Canadian
B/A Rate, as applicable; or 

 (iii)          at
  any time, that the making or continuance of any Eurocurrency Rate Loan or B/A
  Equivalent Loans has been made (x) unlawful by any Requirement of Law, (y)
  impossible by compliance by any Lender, in good faith with any governmental
  request (whether or not having force of a Requirement of Law) or (z)
  impracticable as a result of a contingency occurring after the Closing Date
  which materially and adversely affects the London interbank market for such
Eurocurrency Rate Loan or the Canadian interbank market; 

then, and in any such event, such Lender (or the Administrative
Agent, in the case of clause (i) above) shall promptly give notice in writing to
the Company and, except in the case of clause (i) above, to the Administrative
Agent of such determination (which notice to the Administrative Agent shall
promptly transmit to each of the other Lenders). Thereafter (x) in the case of
clause (i) above, Eurocurrency Rate Loans or B/A Equivalent Loans shall no
longer be available until such time as the circumstances giving rise to such
notice by the Administrative Agent no longer exist, and any Notice of Borrowing
or Notice of Conversion/Continuation given by the Relevant Borrower with respect
to Eurocurrency Rate Loans or B/A Equivalent Loans which have not yet been
incurred (including by way of conversion) shall be deemed rescinded by the
applicable Borrowers, (y) in the case of clause (ii) above, each Borrower,
jointly and severally, agrees to pay, as applicable, to such Lender, upon such
Lender’s written request therefor, such additional amounts (in the form of an
increased rate of, or a different method of calculating, interest or otherwise
as such Lender in its sole discretion shall determine) as shall be required to
compensate such Lender for such increased costs or reductions in amounts
received or receivable hereunder (a written notice setting forth the additional
amounts owed to such Lender, showing in reasonable detail the basis for the
calculation thereof, shall be submitted to the Company by such Lender and shall,
absent demonstrable error, be final and conclusive and binding on all the
parties hereto), (z) in the case of clause (iii) above, the Borrowers shall take
one of the actions specified in Section 3.01(b) as promptly as possible
and, in any event, within the time period required by a Requirement of Law. 

(b)          At
any time that any Eurocurrency Rate Loan or B/A Equivalent Loan is affected by
the circumstances described in Section 3.01(a)(ii), the Relevant Borrower
may, and in the case of a Eurocurrency Rate Loan or a B/A Equivalent Loan
affected by the circumstances described in Section 3.01(a)(iii), the
Relevant Borrower shall either (x) if the affected Eurocurrency Rate Loan or B/A
Equivalent Loan is then being made initially or pursuant to a conversion, cancel
such Borrowing by giving the Administrative Agent written notice on the same
date that the Relevant Borrower was notified by the affected Lender or the
Administrative Agent pursuant to Section 3.01(a)(ii) or (iii) or
(y) if the affected Eurocurrency Rate Loan or B/A Equivalent Loan is then
outstanding, upon at least three Business Days’ written notice to the
Administrative Agent, require the affected Lender to convert such Eurocurrency
Rate Loan into the applicable Base Rate Loan, or such B/A Equivalent Loan into a
Canadian Prime Loan at the end of the applicable Interest Period or Contract
Period, or such earlier date as may be required by applicable Requirement of
Law, provided that if more than one Lender is affected at any time, then
all affected Lenders must be treated the same pursuant to this Section
3.01(b). 

(c)          If
any Lender determines that after the Closing Date the introduction of or any
change in any applicable Requirement of Law, guideline, directive or request
(whether or not having the force of a law) concerning capital adequacy or
liquidity, or any change in interpretation or administration thereof by the NAIC
or any Governmental Authority, central bank or comparable agency, will have the
effect of increasing the amount of capital or liquidity required or
expected to be maintained by such Lender or any corporation controlling such
Lender based on the existence of such Lender’s Commitments hereunder or its
obligations hereunder, then, each Borrower, jointly and severally, agrees to pay
to such Lender, upon its written demand therefor, such additional amounts as
shall be required to compensate such Lender or such other corporation for the
increased cost to such Lender or such other corporation or the reduction in the
rate of return to such Lender or such other corporation as a result of such
increase of capital or liquidity. In determining such additional amounts, each
Lender will act reasonably and in good faith and will use averaging and
attribution methods which are reasonable, provided that such Lender’s
determination of compensation owing under this Section 3.01(c) shall,
absent demonstrable error, be final and conclusive and binding on all the
parties hereto. Each Lender, upon determining that any additional amounts will
be payable pursuant to this Section 3.01(c), will give prompt written
notice thereof to the Company, which notice shall show in reasonable detail the
basis for calculation of such additional amounts. 

(d)          Notwithstanding
  anything in this Agreement to the contrary, (x) the Dodd-Frank Wall Street
  Reform and Consumer Protection Act and all requests, rules, guidelines or
  directives thereunder or issued in connection therewith and (y) all requests,
  rules, guidelines or directives promulgated by the Bank for International
  Settlements, the Basel Committee on Banking Supervision (or any successor or
  similar authority) or the United States regulatory authorities, in each case
  pursuant to Basel III ((x) and (y) collectively referred to as “Dodd-Frank
    and Basel III”), shall be deemed to be a change after the Closing Date in a
  Requirement of Law or government rule, regulation or order, regardless of the
  date enacted, adopted, issued or implemented (including for purposes of this
  Section 3.01); provided, however, that no Lender or Issuing
  Bank shall be entitled to seek compensation under this Section 3.01 based
  on the occurrence of a change in a Requirement of Law arising solely from
  Dodd-Frank and Basel III, unless such Lender or Issuing Bank is generally
  seeking compensation from other borrowers in the asset-based lending market with
  respect to its similarly affected commitments, loans and/or participations under
  agreements with such borrowers having provisions similar to this Section
3.01. 

(e)          Notwithstanding
anything in this Agreement to the contrary, the Borrower shall not be required
to compensate a Lender or Issuing Bank pursuant to this Section (i) for any
increased costs incurred or reductions suffered more than 180 days prior to the
date that such Lender or Issuing Bank, as the case may be, notifies the Borrower
of such Lender’s or Issuing Bank’s intention to claim compensation under this
Section 3.01; provided, however, that, if the introduction
or change referred to in Section 3.01(a)(ii) or 3.01(c) giving
rise to such increased costs or reductions is retroactive, then the 180-day
period referred to above shall be extended to include the period of retroactive
effect thereof; or (ii) such Lender or Issuing Banks is not charging such costs
or reduced return to its borrowers generally with respect to which it has the
right to charge such costs. 

3.02.      
Compensation. Each Borrower, jointly and severally, agrees to compensate
each Revolving Lender, upon its written request (which request shall set forth
in reasonable detail the basis for requesting such compensation and the
calculation of the amount of such compensation), for all losses, expenses and
liabilities (including, without limitation, any loss, expense or liability
incurred by reason of the liquidation or reemployment of deposits or other funds
required by such Lender to fund its Eurocurrency Rate Loans or B/A Equivalent
Loans but excluding loss of the Applicable Margin or other anticipated profits)
which such Lender may sustain: (i) if for any reason (other than a default by
such Lender or the Administrative Agent) a Borrowing of, or conversion from or
into, Eurocurrency Rate Loans or B/A Equivalent Loans does not occur on a date
specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation
(whether or not withdrawn by the applicable Borrower or deemed withdrawn
pursuant to Section 3.01(a)); (ii) if any prepayment or repayment
(including any termination or reduction of Commitments made pursuant to
Section 2.07 or as a result of an acceleration of the Loans pursuant to
Section 10) or conversion of any of its Eurocurrency Rate Loans or B/A
Equivalent Loans occurs on a date which is not the last day of an Interest
Period or Contract Period with respect thereto (including as a result of the
notice of prepayment, termination or reduction, as applicable, being revoked by
the Relevant Borrower); (iii) if any prepayment of any Eurocurrency Rate Loans
or B/A Equivalent Loans is not made on any date specified in a notice of
termination or reduction given by the Company (including as a result of such
notice of termination or reduction being revoked by the Relevant Borrower); (iv)
if any Borrower shall fail to make a payment of any Loan or drawing under any
Letter of Credit (or interest due thereon) denominated in Canadian Dollars on
its scheduled due date or any payment thereof in a different currency or (v) as
a consequence of (x) any other default by any Borrower to repay its Eurocurrency
Rate Loans or B/A Equivalent Loans when required by the terms of this Agreement
or any Note held by such Lender or (y) any election made pursuant to Section
3.01(b). 

3.03.       Change of
  Lending Office. Each Lender agrees that on the occurrence of any event
  giving rise to the operation of Section 3.01(a)(ii) or (iii),
  Section 3.01(c) or Section 4.01 with respect to such Lender, it
  will, if requested by the Company, use reasonable efforts (subject to overall
  policy considerations of such Lender) to designate another lending office for
  any Loans affected by such event; provided that such designation is made
  on such terms that such Lender and its lending office suffer no economic, legal
  or regulatory disadvantage, with the object of avoiding the consequence of the
  event giving rise to the operation of such Section. Nothing in this Section
    3.03 shall affect or postpone any of the obligations of the Borrowers or the
right of any Lender provided in Sections 3.01 and 4.01. 

3.04.       Replacement
of Lenders. (x) If any Lender becomes a Defaulting Lender, (y) upon the
occurrence of an event giving rise to the operation of Section
3.01(a)(ii) or (iii), Section 3.01(c) or Section 4.01
with respect to such Lender or (z) in the case of a refusal by a Lender to
consent to certain proposed changes, waivers, discharges or terminations with
respect to this Agreement which have been approved by the Required Lenders as
(and to the extent) provided in Section 12.10(b), the Company shall have
the right, if no Event of Default then exists (or, in the case of preceding
clause (z), will exist immediately after giving effect to such replacement), to
replace such Lender (the “Replaced Lender”) with one or more other
Eligible Assignees, none of whom shall constitute a Defaulting Lender at the
time of such replacement (collectively, the “Replacement Lender”) and
each of whom shall be required to be reasonably acceptable to the Administrative
Agent (to the extent the Administrative Agent’s consent would be required for an
assignment to such Replacement Lender pursuant to Section 12.04);
provided that (i) at the time of any replacement pursuant to this
Section 3.04, the Replacement Lender shall enter into one or more
Assignment and Assumption Agreements pursuant to Section 12.04(b) (and
with all fees payable pursuant to Section 12.04(c) to be paid by the
Replacement Lender and/or the Replaced Lender (as may be agreed to at such time
by and among the Company, the Replacement Lender and the Replaced Lender))
pursuant to which the Replacement Lender shall acquire all of the Commitments
and outstanding Loans of, the Replaced Lender and, in connection therewith,
shall pay to (x) the Replaced Lender in respect thereof an amount equal to the
sum of (I) an amount equal to the principal of, and all accrued interest on, all
outstanding Loans of the respective Replaced Lender and (II) an amount equal to
all accrued, but theretofore unpaid, fees owing to the Replaced Lender pursuant
to Section 2.05 and (ii) all obligations of each Borrower due and owing
to the Replaced Lender at such time (other than those specifically described in
clause (i) above in respect of which the assignment purchase price has been, or
is concurrently being, paid) shall be paid in full to such Replaced Lender
concurrently with such replacement. Upon receipt by the Replaced Lender of all
amounts required to be paid to it pursuant to this Section 3.04, the
Administrative Agent shall be entitled (but not obligated) and authorized to
execute an Assignment and Assumption Agreement on behalf of such Replaced
Lender, and any such Assignment and Assumption Agreement so executed by the
Administrative Agent and the Replacement Lender shall be effective for purposes
of this Section 3.04 and Section 12.04. Upon the execution of the
respective Assignment and Assumption Agreement, the payment of amounts referred
to in clauses (i) and (ii) above, recordation of the assignment on the register
pursuant to Section 12.04(e) and, if so requested by the Replacement
Lender, delivery to the Replacement Lender of the appropriate Note or Notes
executed by the applicable Borrower, (x) the Replacement Lender shall
become a Lender hereunder and the Replaced Lender shall cease to constitute a
Lender hereunder, except with respect to indemnification provisions under this
Agreement (including, without limitation, Sections 3.01, 3.02, 4.01, 11.07 and 12.01), which shall survive as to such
Replaced Lender. In connection with any replacement of Lenders pursuant to, and
as contemplated by, this Section 3.04, each Borrower hereby irrevocably
authorizes the Company to take all necessary action, in the name of such
Borrower, as described above in this Section 3.04 in order to effect the
replacement of the respective Lender or Lenders in accordance with the preceding
provisions of this Section 3.04. 

Section
4      Taxes.

4.01.       Net
Payments.

(a)          All
payments made by or on account of any Credit Party under any Credit Document
shall be made free and clear of, and without deduction or withholding for, any
Taxes, except as required by applicable Requirements of Law. If any Taxes are
required by applicable Requirements of Law to be withheld or deducted by any
applicable withholding agent from such payments, (i) to the extent such
deduction or withholding is on account of an Indemnified Tax or Other Tax, the
sum payable shall be increased by the applicable Credit Party as necessary so
that after all required deductions or withholdings (including deductions or
withholdings applicable to additional sums payable under this Section 4.01) have
been made, the Lender (or the Administrative Agent if the Administrative Agent
receives the payment for its own account) receives an amount equal to the sum it
would have received had no such deductions or withholdings been made, (ii) the
applicable withholding agent will make such deductions or withholdings, and
(iii) the applicable withholding agent shall timely pay the full amount deducted
or withheld to the relevant Governmental Authority. In addition, the Credit
Parties shall timely pay any Other Taxes to the relevant Governmental Authority
in accordance with applicable Requirements of Law. As soon as practicable after
the payment of any Indemnified Taxes or Other Taxes described in this Section
4.01 by the Credit Parties, the Credit Parties will furnish to the
Administrative Agent certified copies of tax receipts evidencing such payment by
the applicable Credit Party or other evidence of such payment reasonably
satisfactory to the Administrative Agent . The Credit Parties jointly and
severally agree, to indemnify and hold harmless the Administrative Agent and
each Lender, and reimburse the Administrative Agent and each Lender, within 10
days of written request therefor, for the amount of any Indemnified Taxes or
Other Taxes payable or paid by the Administrative Agent or such Lender or
required to be withheld or deducted in respect of any payment to the
Administrative Agent or such Lender under any Credit Document, and any Other
Taxes (including any Indemnified Taxes and Other Taxes imposed on or
attributable to amounts payable under this Section 4.01), and any
reasonable out-of-pocket expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes or Other Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to
the amount of such payment or liability prepared in good faith and delivered by
such Administrative Agent or Lender (or by the Administrative Agent on behalf of
a Lender) shall be conclusive absent manifest error. 

(b)          Any
Lender that is entitled to an exemption from or reduction of withholding Tax
with respect to payments made under any Credit Document shall deliver to the
applicable Borrowers and the Administrative Agent, at the time or times
reasonably requested by the Borrowers or the Administrative Agent, such properly
completed and executed documentation reasonably requested by the Borrowers or
the Administrative Agent, certifying as to any entitlement of such Lender to an
exemption from, or a reduced rate of, withholding Tax. In addition, each Lender
shall deliver to the applicable Borrowers and the Administrative Agent, at the
time or times reasonably requested by the Borrowers or the Administrative Agent,
such other documentation prescribed by applicable Requirements of Law or
reasonably requested by the Borrowers or the Administrative Agent as will enable
the Borrowers or the Administrative Agent to determine whether such Lender is
subject to backup withholding or information reporting requirements. Each Lender
shall, whenever a lapse in time or change in circumstances renders such
documentation (including any specific documents required below in Section
4.01(c)) expired, obsolete or inaccurate in any respect, deliver promptly to
the applicable Borrowers and the Administrative Agent updated or other
appropriate documentation (including any new documentation reasonably requested
by the Borrowers or the Administrative Agent) or promptly notify the Borrowers
and the Administrative Agent in writing of its inability to do so. 

(c)          Without
  limiting the generality of the foregoing, (I) solely with respect to the U.S.
  Subfacilityies: (x) each Lender that is not a United States person
  (as such term is defined in Section 7701(a)(30) of the Code) shall deliver to
  the U.S. Parent Borrower and the Administrative Agent on or prior to the date on
  which it becomes a party to this Agreement, (i) two accurate and complete
  original signed copies of (A) Internal Revenue Service Form W-8BEN or W-8BEN-E
  (or successor form) claiming eligibility for benefits of an income tax treaty to
  which the United States is a party or (B) Internal Revenue Service Form W-8ECI
  (or successor form); (ii) in the case of a Lender claiming exemption from U.S.
  federal withholding Tax under Section 871(h) or 881(c) of the Code with respect
  to payments of “portfolio interest,” a certificate substantially in the form of
  Exhibit C (any such certificate, a “U.S. Tax Compliance
    Certificate”) and two accurate and complete original signed copies of
  Internal Revenue Service Form W-8BEN or W-8BEN-E (or successor form); (iii) to
  the extent a Lender is not the beneficial owner (for example, where the Lender
  is a partnership or a participating Lender), two accurate and complete original
  signed copies of Internal Revenue Service Form W-8IMY (or successor form) of the
  Lender, accompanied by Form W-8ECI, Form W-8BEN, Form W-8BEN-E, U.S. Tax
  Compliance Certificate, Form W-9, Form W-8IMY, and/or any other required
  information (or successor or other applicable form) from each beneficial owner
  that would be required under this Section 4.01(c) if such beneficial
  owner were a Lender (provided that, if the Lender is a partnership for
  U.S. federal income Tax purposes (and not a participating Lender), and one or
  more direct or indirect partners are claiming the portfolio interest exemption,
  the U.S. Tax Compliance Certificate may be provided by such Lender on behalf of
  such direct or indirect partner(s)); or (iv) two accurate and complete original
  signed copies of any other form prescribed by applicable U.S. federal income tax
  law (including the Treasury Regulations) as a basis for claiming a complete
  exemption from, or a reduction in, U.S. federal withholding Tax on any payments
  to such Lender under the Credit Documents; and (y) each Lender that is a United
  States person, as defined in Section 7701(a)(30) of the Code, shall deliver to
  the U.S. Parent Borrower and the Administrative Agent, on or prior to the date
  on which it becomes a party to this Agreement, two accurate and complete
  original signed copies of Internal Revenue Service Form W-9, or any successor
  form, certifying that such Lender is exempt from United States backup
  withholding and (II) each Lender to the Canadian Borrowers and Dutch Borrowers
  shall deliver to the Company and the Administrative Agent on or prior to the
  date on which it becomes a party to this Agreement two accurate and complete
  original signed copies of either (x) Internal Revenue Service Form W-9, or any
  successor form, certifying that such Lender is exempt from United States federal
  backup withholding or (y) an applicable Internal Revenue Service Form W-8
  certifying such Lender’s non-U.S. status. A Lender shall deliver to the Company
  and the Administrative Agent, at the time or times reasonably requested by the
  Borrowers or the Administrative Agent, such documentation prescribed by
  applicable Requirements of Law (including as prescribed by Section
  1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
  requested by the Borrowers or the Administrative Agent as may be necessary for
  the Borrowers and the Administrative Agent to comply with their obligations
  under FATCA, to determine whether such Lender has complied with such Lender’s
  obligations under FATCA and to determine, if necessary, the amount to deduct and
  withhold from payments made to such Lender under any Credit Document. Solely for
  purposes of the preceding sentence, “FATCA” shall include any amendment
made to FATCA after the Closing Date. 

(d)         
Notwithstanding any other provision of this Section 4.01, a Lender shall
not be required to deliver any documentation that such Lender is not legally
eligible to deliver. 

(e)          Each
Lender hereby authorizes the Administrative Agent to deliver to the Credit
Parties and to any successor Administrative Agent any documentation provided by
such Lender to the Administrative Agent pursuant to Section 4.01(b) or
4.01(c). 

(f)          If
the Administrative Agent or any Lender determines, in its sole discretion
exercised in good faith, that it has received a refund of any Indemnified Taxes
or Other Taxes as to which it has been indemnified by the Credit Parties or with
respect to which a Credit Party has paid additional amounts pursuant to
Section 4.01(a), it shall pay to the relevant Credit Party an amount
equal to such refund (but only to the extent of indemnity payments made, or
additional amounts paid, by such Credit Party under Section 4.01(a) with
respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net
of all reasonable out-of-pocket expenses (including any Taxes) of the
Administrative Agent or such Lender, as the case may be, and without interest
(other than any interest paid by the relevant Governmental Authority with
respect to such refund); provided that the relevant Credit Party, upon
the request of the Administrative Agent or such Lender, agrees to repay the
amount paid over to such Credit Party (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Administrative
Agent or such Lender in the event the Administrative Agent or such Lender is
required to repay such refund to such Governmental Authority. Nothing in this
Section 4.01(f) shall be construed to obligate the Administrative Agent
or any Lender to disclose its Tax returns or any other information regarding its
Tax affairs or computations to any Person or otherwise to arrange its Tax
affairs in any manner other than as it determines in its sole discretion. 

(g)          For
the avoidance of doubt, for purposes of this Section 4.01, the term
“Lender” shall include any Issuing Bank and any Swingline Lender. 

4.02.       VAT.

(a)          All
amounts expressed to be payable under a Credit Document by any Party to a
Finance Party which (in whole or in part) constitute the consideration for any
supply for VAT purposes are deemed to be exclusive of any VAT which is
chargeable on that supply, and accordingly, subject to paragraph (b) below, if
VAT is or becomes chargeable on any supply made by any Finance Party to any
Party under a Credit Document and such Finance Party is required to account to
the relevant tax authority for the VAT, that Party must pay to such Finance
Party (in addition to and at the same time as paying any other consideration for
such supply) an amount equal to the amount of the VAT (and such Finance Party
must promptly provide an appropriate VAT invoice to that Party). In this
Section 4.02, the following expressions shall have the following
meanings: (i) “Finance Party” shall mean any Agent, any Lender or any
other recipient of any payment to be made by or on account of any obligation of
any Credit Party under any Credit Document; (ii) “Party” shall mean any
party to this Agreement and (iii) “VAT” shall mean (a) any tax imposed in
compliance with the Council Directive of 28 November 2006 on the common system
of value added tax (EC Directive 2006/112) and (b) any other tax of a similar
nature, whether imposed in a member state of the European Union in substitution
for, or levied in addition to, such tax referred to in clause (a) above, or
imposed elsewhere. 

(b)          If
VAT is or becomes chargeable on any supply made by any Finance Party (the
“Supplier”) to any other Finance Party (the “Recipient”) under a
Credit Document, and any Party other than the Recipient (the “Relevant
Party”) is required by the terms of any Credit Document to pay an amount
equal to the consideration for that supply to the Supplier (rather than being
required to reimburse or indemnify the Recipient in respect of that
consideration): 

	 	(i) 	
      (where the Supplier is the person required to account to
      the relevant tax authority for the VAT) the Relevant Party must also pay
      to the Supplier (at the same time as paying that amount) an additional
      amount equal to the amount of the VAT. The Recipient must (where this
      paragraph (i) applies) promptly pay to the Relevant Party an amount equal
      to any credit or repayment the Recipient receives from the relevant tax
      authority which the Recipient reasonably determines relates to the VAT
      chargeable on that supply; and

	 	 	 
	 	(ii) 	
      (where the Recipient is the person required to account to
      the relevant tax authority for the VAT) the Relevant Party must promptly,
      following demand from the Recipient, pay to the Recipient an amount equal
      to the VAT chargeable on that supply but only to the extent that the
      Recipient reasonably determines that it is not entitled to credit or
      repayment from the relevant tax authority in respect of that
  VAT.

(c)          Where
a Credit Document requires any Party to reimburse or indemnify a Finance Party
for any cost or expense, that Party shall reimburse or indemnify (as the case
may be) such Finance Party for the full amount of such cost or expense,
including such part thereof as represents VAT, save to the extent that such
Finance Party reasonably determines that it is entitled to credit or repayment
in respect of such VAT from the relevant tax authority. 

(d)          Any
reference in this Section 4.02 to any Party shall, at any time when such Party
is treated as a member of a group for VAT purposes, include (where appropriate
and unless the context otherwise requires) a reference to the person who is
treated at that time as making the supply, or (as appropriate) receiving the
supply, under the grouping rules (provided for in article 11 of Council
Directive 2006/112/EC as amended (or as implemented by any relevant member state
of the European Union)). 

(e)          In
relation to any supply made by a Finance Party to any Party under a Credit
Document, if reasonably requested by such Finance Party, that Party must
promptly provide such Finance Party with details of that Party's VAT
registration and such other information as is reasonably requested in connection
with such Finance Party's VAT reporting requirements in relation to such supply.

Section
5      Conditions Precedent to Credit Events on
the Closing Date. The Administrative Agents, Swingline Lenders, the Issuing
Bank and the Lenders shall not be required to fund any Revolving Loans or
Swingline Loans, or arrange for the issuance of any Letters of Credit on the
Closing Date, until the following conditions are satisfied or waived. 

5.01.       Closing
Date; Credit Documents. On or prior to the Closing Date, each Credit Party,
the Administrative Agents, the Collateral Agent, the Issuing Banks and each of
the Lenders on the Closing dDate
hereof shall have signed a
counterpart of this Agreement (whether the same or different counterparts) and
shall have delivered (by electronic transmission or otherwise) the same to the
Administrative Agent or, in the case of the Lenders, shall have given to the
Administrative Agent telephonic (confirmed in writing), written or telex notice
(actually received) at such office that the same has been signed and mailed to
it. 

5.02.       Officer’s
Certificate. On the Closing Date, the Administrative Agent shall have
received a certificate, dated the Closing Date and signed on behalf of the
Company (and not in any individual capacity) by a Responsible Officer of the
Company, certifying on behalf of the Company that (i) no Default or Event of
Default exists and (ii) the representations and warranties set forth in
Section 7 are true and correct in all material respects (without
duplication of any materiality standard set forth in any such representation or
warranty) on and as of the Closing Date (except for those representations and
warranties that relate to an earlier date, in which event, such representations
and warranties shall have been true in all material respects (without duplication of any materiality
standard set forth in any such representation or warranty) as of such earlier
date). 

5.03.       Opinions of
  Counsel. On the Closing Date, the Administrative Agent shall have received
  from (i) Simpson Thacher & Bartlett LLP, U.S. counsel to the Credit Parties,
  (ii) Wildeboer Dellelce LLP, special Canadian counsel to the Credit Parties and
  (iii) NautaDutilh, special Dutch counsel to the Credit Parties, in each case, an
  opinion addressed to the Administrative Agents, the Collateral Agent and each of
  the Lenders party hereto on the Closing Date and dated the Closing Date in form
and substance reasonably satisfactory to the Administrative Agent. 

5.04.       Corporate
Documents; Proceedings, etc.

(a)          On
the Closing Date, the Administrative Agent shall have received a certificate
from each Credit Party, dated the Closing Date, signed by a Responsible Officer
of such Credit Party, and to the extent applicable attested to by the secretary
or any assistant secretary of such Credit Party, in each case, on behalf of such
Credit Party (and not in any individual capacity), in customary form, together
with copies of the certificate or articles of incorporation and by-laws (or
equivalent organizational documents), as applicable, of such Credit Party and
the resolutions of such Credit Party referred to in such certificate, and each
of the foregoing shall be in form and substance reasonably satisfactory to the
Administrative Agent. 

(b)          On
the Closing Date, the Administrative Agent shall have received good-standing
certificates (or similar instrument, if applicable) and bring-down telegrams or
facsimiles, with respect to entities incorporated or formed under the
Requirements of Law of any jurisdiction for the Credit Parties which the
Administrative Agent reasonably may have requested, certified by proper
governmental authorities. 

5.05.       Solvency
Certificate. On the Closing Date, the Administrative Agent shall have
received a solvency certificate from the chief financial officer of the Company
substantially in the form of Exhibit F. 

5.06.       Borrowing
Base Certificate. The Company shall have delivered to the Administrative
Agent a Borrowing Base Certificate as of the most recent month ended at least 20
days prior to the Closing Date, substantially in the form of Exhibit D.

5.07.       Material
Adverse Effect. Since January 3, 2015, there shall not have occurred a
Material Adverse Effect. 

5.08.       Fees,
etc. On the Closing Date, the Company shall have paid to the Agents and each
Lender all fees, if any, required to be paid to such Person on the Closing Date
and all reasonable and documented out-of-pocket expenses required to be
reimbursed by the Company to the Administrative Agents and the Joint Lead
Arrangers in connection with the Transactions, in the case of such expenses to
the extent invoiced at least three Business Days prior to the Closing Date.

5.09.       Security
Agreements. On the Closing Date, (a) each U.S. Credit Party shall have duly
authorized, executed and delivered the U.S. Security Agreement, (b) each
Canadian Credit Party shall have duly authorized, executed and delivered the
Canadian Security Agreement described in clause (i) of the definition thereof
and (c) each Dutch Credit Party shall have duly authorized, executed and
delivered the Dutch Security Agreements (other than the deeds of pledge over
shares listed in clauses (i), (ii) and (iii) under the definition of the term
“Dutch Security Agreements” (collectively, the “Dutch Pledges Over
Shares”), which shall be authorized, executed and delivered in accordance
with Section 8.11(c)), covering all of such Credit Party’s present and future Collateral
required by the Collateral and Guarantee Requirement, and the applicable Credit
Parties shall have delivered: 

 (i)          in
  respect of each Credit Party, proper financing statements (Form UCC-1 or the
  equivalent) authorized for filing under the UCC, PPSA and RDPRM, and
  documentation required to register the Dutch Security Agreement described in
  clause (iv) of the definition thereof with the tax authorities in the
  Netherlands, filings with the United States Patent and Trademark Office, the
  United States Copyright Office, the Canadian Intellectual Property Office, any
  documents required for registration of the security interests in intellectual
  property granted by the relevant Dutch Security Agreement with any appropriate
  intellectual property registers in the Netherlands and consent letters with
  respect to each relevant bank in respect of any security interests in bank
  account receivables granted by any Dutch Security Agreement, in each case, as
  may be reasonably necessary to perfect the security interests to the extent
required by the Collateral and Guarantee Requirement; 

 (ii)         an
executed Perfection Certificate; and 

 (iii)        (a)
certificates, if any (which certificates shall be accompanied by irrevocable
undated stock powers or stock transfer forms, duly endorsed in blank),
representing all Equity Interests (other than (x) the certificate representing
Equity Interests of SunOpta Global Organic Ingredients, Inc. (and the
accompanying irrevocable undated stock power or stock transfer form), which
shall be delivered in accordance with Section 8.11(e), and (y) Excluded
Assets), and (b) any promissory notes or other instruments (duly endorsed, where
appropriate) evidencing any Indebtedness for borrowed money (other than
intercompany Indebtedness) in a principal amount in excess of $2,500,000
(individually) owing to any Credit Party, in the case of each of clauses (a) and
(b), to the extent required to be delivered in accordance with the Collateral
and Guarantee Requirement. 

5.10.       Financial
Statements. On or prior to the Closing Date, the Administrative Agent shall
have received (i) the Historical Financial Statements, (ii) the Borrowers’ and
their respective Restricted Subsidiaries’ most recent annual projected statement
of operations, balance sheet and statement of cash flows, for the period through
December 31, 2020 and (iii) quarterly balance sheet projections for the period
ending December 31, 2016 (the information delivered under clauses (ii) and
(iii), the “Projections”). The Administrative Agent hereby confirms that
it has received all such Historical Financial Statements and Projections. 

5.11.       Patriot
Act. The Administrative Agent and the Lenders shall have received all
documentation and other information about the Company and the other Credit
Parties that shall have been reasonably requested by the Administrative Agent or
the Lenders and that the Administrative Agent reasonably determines is required
by United States regulatory authorities under applicable “know your customer”
and anti-money laundering rules and regulations, including without limitation
the Patriot Act and AML Legislation. The Administrative Agent and the Lenders
hereby confirm that they have received all such information.

5.12.      
Insurance. The Administrative Agent shall have received certificates of
insurance for the insurance policies carried by the Credit Parties. 

5.13.       Repayment of
Obligations of Existing Credit Agreements. Reasonably satisfactory
arrangements shall have been made for the repayment in full of the “Obligations”
under and as defined in the Existing Credit Agreements and for the release of
all the liens and security interests thereunder. 

5.14.       Field
Examinations and Appraisals. The Administrative Agent shall have received,
in form and substance reasonably satisfactory to it, all Inventory Appraisals
and Field Examinations and Appraisals of all Eligible Equipment and Eligible
Fee-Owned Real Estate, each dated no earlier than three months prior to the
Closing Date. The Administrative Agent hereby confirms that it has received all
of such Appraisals and Field Examinations and is satisfied therewith. 

5.15.       Mortgaged
Properties. With respect to each Real Property located in the United States
of America owned as of the Closing Date and listed on Schedule 5.15, the
Administrative Agent shall have received (i) a completed “life-of-loan” Federal
Emergency Management Agency standard flood hazard determination (to the extent a
Mortgaged Property is located in a Special Flood Hazard Area, together with a
notice about Special Flood Hazard Area status and flood disaster assistance duly
executed by the Company and the applicable Credit Party relating thereto) and
(ii) a copy of, or a certificate as to coverage under, and a declaration page
relating to, the insurance policies required by Section 8.03 hereof and
the applicable provisions of the Collateral and Guarantee Requirement, each of
which shall (A) be endorsed or otherwise amended to include a “standard” or “New
York” lender’s loss payable or mortgagee endorsement (as applicable), (B) name
the Collateral Agent, on behalf of the Secured Creditors, as additional insured
and loss payee/mortgagee, (C) identify the address of each property located in a
Special Flood Hazard Area, the applicable flood zone designation and the flood
insurance coverage and deductible relating thereto and (D) be otherwise in form
and substance reasonably satisfactory to the U.S. Administrative Agent. 

5.16.      
Intercreditor Agreement. On or prior to the Closing Date, the
Intercreditor Agreement shall have been entered into by the Administrative
Agent, in its capacity as collateral agent for the First Lien Claimholders and
Bank of Montreal, a Canadian chartered bank, in its capacity as collateral agent
for the Second Lien Claimholders. 

5.17.       Minimum
Total Excess Availability. The Total Excess Availability as of the Closing
Date shall be no less than 15.0% of the Line Cap. 

Section
6      Conditions Precedent to All Credit
Events. The obligation of each Lender and each Issuing Bank to make any
Credit Extension shall be subject to the satisfaction (or waiver) of each of the
conditions precedent set forth below: 

6.01.       Notice of
Borrowing. The Administrative Agent shall have received a Notice of
Borrowing as required by Section 2.03 (or such notice shall have been
deemed given in accordance with Section 2.03) if Loans are being
requested (other than pursuant to Section 2.02(f)) or, in the case of the
issuance, amendment, extension or renewal of a Letter of Credit, the Issuing
Bank and the Administrative Agent shall have received a notice requesting the
issuance, amendment, extension or renewal of such Letter of Credit as required
by Section 2.13(b) or, in the case of the Borrowing of a Swingline Loan,
the Swingline Lender and the Administrative Agent shall have received a notice
requesting such Swingline Loan as required by Section 2.12(b). 

6.02.      
Availability. The Availability Conditions on the proposed date of such
Credit Extension shall be satisfied. 

6.03.       No
Default. No Default or Event of Default shall exist at the time of, or
result from, such funding or issuance, or,
in the case of a Borrowing of
Loans under an Incremental FILO
Facility, no Event of Default shall
exist at the time of, or result
from, such Borrowing only in the case of, and to the extent of, a deemed
Borrowing of Loans under an Incremental FILO Facility upon the inception of any
Incremental FILO Facility at a time when Loans are then outstanding that have
been borrowed in reliance on a Borrowing Base including assets of the same type
as the FILO Borrowing Base.. 

6.04.      
Representations and Warranties. Each of the representations and
warranties made by any Credit Party set forth in Section 7 hereof or in
any other Credit Document shall be true and correct in all material respects
(without duplication of any materiality standard set forth in any such
representation or warranty) on and as of the date of such Credit Extension with
the same effect as though made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date, in which
case such representations and warranties shall be true and correct in all
material respects as of such date (without duplication of any materiality
standard set forth in any such representation or warranty). 

The acceptance of the benefits of
each Credit Extension shall constitute a representation and warranty by each
Borrower to the Administrative Agent and each of the Lenders that all the
conditions specified in this Section 6 and applicable to such Credit
Event are satisfied as of that time (other than such conditions which are
subject to the discretion of the Administrative Agent or the Lenders). All of
the Notes, certificates, legal opinions and other documents and papers referred
to in Section 5 and in this Section 6, unless otherwise specified,
shall be delivered to the Administrative Agent at the Notice Office for the
account of each of the Lenders. 

Section
7      Representations and Warranties. In
order to induce the Agents, the Lenders and the Issuing Banks to enter into this
Agreement and to make the Credit Extensions hereunder, each Credit Party, as
applicable, makes the following representations and warranties. 

7.01.      
Organizational Status. The Company and each of its Restricted
Subsidiaries (i) is a duly organized or incorporated and validly existing
organization in good standing under the law of the jurisdiction of its
organization or incorporation (to the extent such concept exists and is
applicable under the Requirements of Law of the relevant jurisdiction), (ii) has
the organizational power and authority to own its property and assets and to
transact the business in which it is engaged, except to the extent that any
failure to have such organizational power and authority would not reasonably be
expected to have a Material Adverse Effect and (iii) is, to the extent such
concepts exists and is applicable under the Requirements of Law of the relevant
jurisdiction, duly qualified and is authorized to do business and is in good
standing in each jurisdiction where the ownership, leasing or operation of its
property or the conduct of its business requires such qualifications except for
failures to be so qualified which, individually and in the aggregate, have not
had, and could not reasonably be expected to have, a Material Adverse Effect.

7.02.       Power and
Authority. Each Credit Party has the corporate, partnership, limited
liability company, unlimited liability company or similar organizational power
and authority, as the case may be, to execute, deliver and perform the terms and
provisions of each of the Credit Documents to which it is party and has taken
all necessary corporate, partnership, limited liability company, unlimited
liability company or similar organizational action, as the case may be, to
authorize the execution, delivery and performance by it of each of such Credit
Documents. Each Credit Party has duly executed and delivered each of the Credit
Documents to which it is party, and each of such Credit Documents constitutes
its legal, valid and binding obligation enforceable in accordance with its
terms, except to the extent that the enforceability thereof may be subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other similar
law generally affecting creditors’ rights and by equitable principles
(regardless of whether enforcement is sought in equity or at law). 

7.03.       No
Violation. Neither the execution, delivery or performance by any Credit
Party of the Credit Documents to which it is a party, nor compliance by it with
the terms and provisions thereof, (i) will contravene any provision of any
Requirement of Law, other than any Requirement of Law the violation of which
could not reasonably be expected to result in a Material Adverse Effect, (ii)
will conflict with or result in any breach of any of the terms, covenants,
conditions or provisions of, or constitute a default under, or result in the
creation or imposition of (or the obligation to create or impose) any Lien
(except pursuant to the Security Documents) upon any of the property or assets
of any Credit Party or any of its respective Restricted Subsidiaries pursuant
to the terms of, any indenture, mortgage, deed of trust, credit agreement or
loan agreement, or any other material agreement, contract or instrument, in each
case to which any Credit Party or any of its Restricted Subsidiaries is a party
or by which it or any of its property or assets is bound or to which it may be
subject (any such term, covenant, condition or provision, a “Contractual
Requirement”), the violation of which could reasonably be expected to result
in a Material Adverse Effect or (iii) will violate any provision of the
certificate or articles of incorporation, certificate of formation, limited
liability company agreement or by-laws (or equivalent organizational documents),
as applicable, of any Credit Party. 

7.04.      
  Approvals. No order, consent, approval, license, authorization or
  validation of, or filing, recording or registration with (except for (x) those
  that have otherwise been obtained or made on or prior to the Closing Date (or
  with respect to any Person that becomes a Credit Party after the Closing Date,
  on or prior to the date such Person becomes a Credit Party) and which remain in
  full force and effect on the Closing Date (or with respect to any Person that
  becomes a Credit Party after the Closing Date, on or prior to the date such
  Person becomes a Credit Party), (y) filings which are necessary to perfect the
  security interests and Liens created under the Security Documents to the extent
  required by the Collateral and Guarantee Requirement and (z) periodic reports
  under the Exchange Act), or exemption by, any governmental or public body or
  authority, or any subdivision thereof, is required to be obtained or made by, or
  on behalf of, any Credit Party to authorize, or is required to be obtained or
  made by, or on behalf of, any Credit Party in connection with, the execution,
delivery and performance of any Credit Document.

7.05.       Financial
Statements; Financial Condition; Projections.

(a)          The
Historical Financial Statements have been prepared in accordance with GAAP, and
fairly present, in all material respects, the financial positions and results of
operations of the Company and its consolidated Subsidiaries as of the dates and
for the periods indicated. The Projections have been prepared in good faith,
based on assumptions believed as of the Closing Date to be reasonable in light
of the circumstances under which such Projections were prepared; it being
recognized by the Agents, the Lenders and the Issuing Banks that such
projections are as to future events and are not to be viewed as facts, the
projections are subject to significant uncertainties and contingencies, many of
which are beyond the control of Company and its Restricted Subsidiaries, that no
assurance can be given that any particular projections will be realized and that
actual results during the period or periods covered by any such projections may
differ from the projected results and such differences may be material. Since
the Closing Date, there has been no Material Adverse Effect.

(b)          On
and as of the Closing Date, after giving effect to the consummation of the
Transactions (including the incurrence of the Loans made on the Closing Date),
the Company and its consolidated Subsidiaries, taken as a whole, are Solvent.

7.06.      
Litigation. There are no actions, suits or proceedings pending or, to the
knowledge of any Credit Party, threatened (i) with respect to any Credit
Document or (ii) that either individually or in the aggregate, have had, or
could reasonably be expected to have, a Material Adverse Effect. 

7.07.       True and
Complete Disclosure. None of the written information or written factual data
(taken as a whole) heretofore or contemporaneously furnished by the Company or
any of its Subsidiaries or any of their respective authorized representatives in
writing to the Administrative Agent or any Lender on or before the Closing Date
(including all such information contained in any confidential information
memorandum (and all information incorporated by reference therein) and in the
Credit Documents) for purposes of, or in connection with, this Agreement, the
other Credit Documents or any transaction contemplated herein or therein
contained any untrue statement of material fact or omitted to state any material
fact necessary to make such information and data (taken as a whole) not
materially misleading at such time (after giving effect to all supplements so furnished
prior to the date the representation and warranty in this Section 7.07 is
being made) in light of the circumstances under which such information or
data was furnished; it being understood and agreed that for purposes of this Section 7.07(a), such factual information and data shall not include
projections (including the Projections, financial estimates, forecasts and other
forward-looking information), pro forma financial information or information of
a general economic or industry specific nature.

7.08.       Use of
Proceeds; Margin Regulations. 

(a)          All
proceeds of the Loans incurred on the Closing Date will be used by the Borrowers
to finance the repayment of the Existing Credit Agreements and to pay Transaction Costs. 

(b)          All
proceeds of the Loans incurred after the Closing
Date will be used for working capital needs and general corporate
purposes, including the financing of capital expenditures, Permitted
Acquisitions, and other permitted Investments, Restricted Payments, Restricted Junior Debt Prepayments and any other
purpose not prohibited hereunder.

(c)          No
Credit Party is engaged, principally or as one of its important activities, in
the business of extending credit for the purpose of purchasing or carrying any
Margin Stock. No part of any Credit Event (or the proceeds thereof) will be used
to purchase or carry any Margin Stock or to extend credit for the purpose of
purchasing or carrying any Margin Stock. Neither the making of any Loan nor the
use of the proceeds thereof nor the occurrence of any other Credit Event will
violate the provisions of Regulation T, U or X of the Board of Governors of the
Federal Reserve System. 

7.09.       Tax Returns
and Payments. Except where the failure to do so could not reasonably be
expected to, individually or in the aggregate, have a Material Adverse Effect:
(i) the Company and each of its Restricted Subsidiaries has timely filed or
caused to be timely filed with the appropriate taxing authority all Tax returns,
statements, forms and reports for Taxes (the “Returns”) required to be
filed by, or with respect to the income, properties or operations of, the
Company and/or any of its Restricted Subsidiaries and (ii) the Company and each
of its Restricted Subsidiaries have paid all Taxes payable by them (including in
its capacity as a withholding agent), other than those that are being contested
in good faith by appropriate proceedings and fully provided for as a reserve on
the financial statements of the Company and its Restricted Subsidiaries in
accordance with GAAP. Except as would not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect, there is no action,
suit, proceeding, investigation, audit or claim now pending or, to the best
knowledge of the Company or any of its Restricted Subsidiaries, threatened in
writing by any authority regarding any Taxes relating to the Company or any of
its Restricted Subsidiaries. 

7.10.      
ERISA.

(a)          No
ERISA Event has occurred or is reasonably expected to occur that could
reasonably be expected to result in a Material Adverse Effect. Each Plan is in
compliance in form and operation with its terms and with the applicable
provisions of ERISA, the Code and other applicable Requirement of Law, except
for such non-compliance that could not reasonably be expected to have a Material
Adverse Effect. 

(b)          There
are no actions, suits or claims pending against or involving a Plan (other than
routine claims for benefits) or, to the knowledge of the Company or any
Restricted Subsidiary, threatened, which could reasonably be expected, either
individually or in the aggregate, to have a Material Adverse Effect. 

7.11.       The Security
Documents.

(a)          The
provisions of the Security Documents are effective to create in favor of the
Collateral Agent for the benefit of the Secured Creditors legal, valid and
enforceable security interests and Liens (except to the extent that the
enforceability thereof may be subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other similar Requirements of Law generally
affecting creditors’ rights and by equitable principles (regardless of whether
enforcement is sought in equity or at law)) in and on all right, title and
interest of the Credit Parties in the Collateral specified therein in which a
security interest or Lien can be created under applicable Requirements of Law,
and (i) in the case of the U.S. Security Agreement and the U.S. Collateral
described therein, upon the timely and proper filing of UCC financing statements
listing each applicable U.S. Credit Party, as a debtor, and the Collateral
Agent, as secured party, in the secretary of state’s office (or other similar
governmental entity) in the Location of such Credit Party, the Collateral Agent,
for the benefit of the Secured Creditors, has a fully perfected security
interest in and Lien on all right, title and interest in all of the U.S.
Collateral (as described in the U.S. Security Agreement), subject to no other
Liens other than Permitted Liens, to the extent perfection can be accomplished
by filing of financing statements under applicable Requirements of Law in such
Location, (ii) in the case of each Canadian Security Agreement and the Canadian
Collateral described therein, proper filings of PPSA financing statements and
other required filings and registrations required by any Canadian Security
Agreement have been made to create a fully perfected security interest in and
Lien on all right, title and interest in all of the Canadian Collateral, subject
to no other Liens other than Permitted Liens, in each case, to the extent
perfection can be accomplished under applicable Requirements of Law through
these actions, (iii) in the case of each Dutch Security Agreement and the Dutch
Collateral described therein, required registrations (in the case of the Dutch
Security Agreement described in clause (iv) of the definition thereof) have been
made, notices have been given or acknowledgements have been received (in each
case, to the extent provided in such Dutch Security Agreement) to create a fully
perfected security interest in and Lien on all right, title and interest in all
of the Dutch Collateral described in such Dutch Security Agreement, subject to
no other Liens other than Permitted Liens, in each case, to the extent
perfection can be accomplished under applicable Requirements of Law through
these actions, and (iv) upon execution of each Deposit Account Control
Agreement, the Collateral Agent for the benefit of the Secured Creditors will
have a first priority perfected security interest and Lien in each Deposit
Account subject thereto. 

(b)          Upon
delivery, if any, in accordance with the Collateral and Guarantee Requirement,
each Mortgage will create, as security for the obligations purported to be
secured thereby, a valid and enforceable (except to the extent that the
enforceability thereof may be subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other similar Requirements of Law generally
affecting creditors’ rights and by equitable principles (regardless of whether
enforcement is sought in equity or at law)) and, upon recordation in the
appropriate recording office, perfected security interest in and mortgage Lien
on the respective Mortgaged Property in favor of the Collateral Agent (or such
other trustee as may be required or desired under local Requirement of Law) for
the benefit of the Secured Creditors, superior and prior to the rights of all
third Persons (except as may exist pursuant to the Permitted Encumbrances
related thereto) and subject to no other Liens (other than Permitted Liens
related thereto). 

7.12.       Title to
Real Estate. Each Canadian Credit Party and each U.S. Credit Party has good
and indefeasible title to (or valid leasehold interests in) all of its Eligible
Fee-Owned Real Estate and Mortgaged Property, free of Liens except Permitted
Liens or any defects in title which do not constitute Liens or that individually
or in the aggregate could not reasonably be expected to have a Material Adverse
Effect. 

7.13.      
Subsidiaries. On and as of the Closing Date, the Company has (i) no
Subsidiary that is a FSHCO or CFC and (ii) no Subsidiaries other than those
Subsidiaries listed on Schedule 7.13. Schedule 7.13 correctly sets
forth, as of the Closing Date, the percentage ownership (direct and indirect) of
the Company in each class of Capital Stock of each of its Subsidiaries and also
identifies the direct owner thereof. There are no Canadian Subsidiaries or Dutch
Subsidiaries that are owned, directly or indirectly, by the U.S. Parent
Borrower. 

7.14.       Compliance
with Statutes; Sanctions; Patriot Act; Anti-Corruption Laws.

(a)          Each
of the Company and each of its Restricted Subsidiaries, and, to the knowledge of
the Company, each of their respective officers, is in compliance in all material
respects with Anti-Terrorism Laws, Sanctions, the Patriot Act and AML
Legislation. Each of the Company and each of its Restricted Subsidiaries is in
compliance with all applicable restrictions imposed by, all Governmental
Authorities, in respect of the conduct of its business and the ownership of its
property except where the failure to be in compliance would not reasonably be
expected to have a Material Adverse Effect.

(b)          Neither
the Company, nor any of its Subsidiaries, nor, to the knowledge of the Company
and its Subsidiaries, any director, officer or employee thereof, is a Person
that is, or is owned or controlled by any individual or entity that is (i)
currently the subject or target of any Sanctions, (ii) a Canadian Blocked
Person, (iii) included on OFAC’s List of Specially Designated nationals, HMT’s
Consolidated List of Financial Sanctions Targets and the Investment Ban List or
(iv) located, organized or resident in a Designated Jurisdiction. No part of the
proceeds of any Loans or Letters of Credit hereunder will be used, by any Credit
Party or any of its Subsidiaries for the purpose of funding any operations in,
financing any investments or activities in or making any payments in violation
of Sanctions, the Special Economics Measures Act (Canada), Anti-Terrorism Laws,
AML Legislation and any similar Requirements of Law of Canada or the FCPA. 

(c)          The
Company and its Subsidiaries have conducted their businesses in compliance in
all material respects with the United States Foreign Corrupt Practices Act of
1977 (“FCPA”), the UK Bribery Act 2010, any Canadian counterpart thereto
applicable to the Company or such Subsidiary, and other similar anti-corruption
legislation in other jurisdictions and have instituted and maintained policies
and procedures reasonably designed to promote and achieve compliance with such
laws. 

7.15.       Investment
Company Act. None of the Company or any Restricted Subsidiaries is an
“investment company” within the meaning of the Investment Company Act of 1940,
as amended, and required to be registered as such. 

7.16.      
Environmental Matters.

The Company and each Restricted
Subsidiary and their respective operations and facilities are in compliance with
all Environmental Laws and have obtained, maintained and are in compliance with
the requirements of all applicable permits, licenses and other approvals
required to be issued under such Environmental Laws, except where the failure to
comply with Environmental Laws or to obtain, maintain or comply with such
permits, licenses or approvals would not reasonably be expected to have a
Material Adverse Effect. There are no pending or, to the knowledge of the
Company, threatened Environmental Claims which would reasonably be expected to
result in liability to the Company or any Restricted Subsidiaries or with
respect to any Real Property currently or to the knowledge of any Credit Party,
formerly owned, leased or operated by the Company or any Restricted
Subsidiaries, which would in each case be reasonably expected to have a Material
Adverse Effect. To the knowledge of any Credit Party, there are no facts,
activities, circumstances, conditions or occurrences that would be reasonably
expected (i) to form the basis of an Environmental Claim against or result in
liability to the Company or any Restricted Subsidiaries or (ii) to cause any Real Property
owned, leased or operated by the Company or any Restricted Subsidiaries to be
subject to any restrictions on the ownership, lease, occupancy or
transferability of such Real Property by the Company or any Restricted
Subsidiaries under any Environmental Law and that in any such case which would
reasonably be expected to have a Material Adverse Effect. 

7.17.       Labor
  Relations. Except as would not reasonably be expected to have a Material
  Adverse Effect, (a) as of the Closing Date, there are no strikes, lockouts,
  slowdowns or other labor disputes pending against the Company or any Restricted
  Subsidiaries or, to the knowledge of each Credit Party, threatened against the
  Company or any Restricted Subsidiaries, (b) to the knowledge of each Credit
  Party, there are no questions concerning union representation with respect to
  the Company or any Restricted Subsidiaries, (c) the hours worked by and payments
  made to employees of the Company or any Restricted Subsidiaries have not been in
  violation of the Fair Labor Standards Act or any other applicable federal,
  state, provincial, municipal, local, or foreign Requirement of Law dealing with
  such matters and (d) to the knowledge of each Credit Party, no wage and hour
  department investigation has been made of the Company or any Restricted
Subsidiaries. 

7.18.       Intellectual
Property. Except as would not reasonably be expected to have a Material
Adverse Effect, the Company and each other Restricted Subsidiary owns or has the
right to use all Intellectual Property used in, held for use in and otherwise
necessary for the present conduct of their respective businesses. To the
knowledge of each Credit Party, the operation of their respective businesses by
the Company and each other Restricted Subsidiary does not infringe upon,
misappropriate, violate or otherwise conflict with the Intellectual Property of
any third party, except as such would not reasonably expected to have a Material
Adverse Effect. 

7.19.       Centre of
Main Interests. The “centre of main interest”, as referred to in the Council
Regulation (EC) No. 1346/2000 of 29 May 2000 on Insolvency Proceedings, of each
Dutch Credit Party is and has always been located in the Netherlands. No Dutch
Credit Party has any “establishment” (as referred to in that regulation) in any
other jurisdiction other than in Germany. 

7.20.       Borrowing
Base Certificate. At the time of delivery of each Borrowing Base
Certificate, assuming that any eligibility criterion that requires the approval
or satisfaction of the Administrative Agent has been approved by or is
satisfactory to the Administrative Agent, each Account reflected therein as
eligible for inclusion in the Borrowing Base is an Eligible Account or Eligible
Insured Letter of Credit Backed Account, the Inventory reflected therein as
eligible for inclusion in the Borrowing Base constitutes Eligible Inventory
and/or Eligible In-Transit Inventory, the Equipment reflected therein as
eligible for inclusion in the Borrowing Base constitutes Eligible Equipment and
the Real Property reflected therein as eligible for inclusion in the Borrowing
Base constitute Eligible Fee-Owned Real Estate, in each case as of the fiscal
month end (or week end) date for which such Borrowing Base Certificate is
calculated. 

7.21.       Dutch Works
Council Act. At the Closing Date and at the time of delivery of each
Borrowing Base Certificate, all requirements under the Dutch Works Councils Act
have been complied with by each Dutch Credit Party and no advice is required to
be sought from any other works council in the group of companies with which any
of the Dutch Credit Parties forms a group in respect of the Transaction and the
transactions contemplated thereby. 

7.22.       Canadian
Pension Plans. As of the Closing Date, there are no Canadian Pension Plans
maintained, contributed or administered by any Canadian Credit Party or in
respect of which any Canadian Credit Party has any liability or obligation. 

Section
8      Affirmative Covenants. The Company
and each other Restricted Subsidiary hereby covenants and agrees that on and
after the Closing Date until the Payment in Full Date: 

8.01.       Information
Covenants. The Company will furnish to the Administrative Agent for further
distribution to each Lender: 

(a)          Quarterly
Financial Statements. Within 45 days (or such earlier date on which the
Company is required (giving effect to any extensions granted by the SEC) to make
any public filing of such information) after the end of each of the first three
fiscal quarters of each fiscal year, (i) the unaudited consolidated balance
sheet of the Company and its consolidated Subsidiaries as of the end of such
fiscal quarterly accounting period and the related unaudited consolidated
statements of operations, comprehensive earnings (loss), shareholders’ equity
and cash flows for such fiscal quarterly accounting period and for the elapsed
portion of the fiscal year ended with the last day of such quarterly accounting
period, in each case setting forth comparative figures for the corresponding
fiscal quarterly accounting period in the prior fiscal year, or in the case of
the balance sheet, setting forth the comparable figures as of the end of the
prior fiscal year, certified by a Responsible Officer of the Company (in such
capacity as a Responsible Officer and not in an individual capacity) that they
fairly present, in all material respects and in accordance with GAAP, the
financial condition of the Company and its consolidated Subsidiaries as of the
dates indicated and the results of their operations for the periods indicated,
subject to changes resulting from audit and normal year-end audit adjustments
and to the absence of footnotes, and (ii) management’s discussion and analysis
of the important operational and financial developments during such quarterly
accounting period.

(b)          Annual
Financial Statements. Within 90 days (or such earlier date on which the
Company is required (giving effect to any extensions granted by the SEC) to make
any public filing of such information) after the end of each fiscal year, (i)
the audited consolidated balance sheet of the Company and its consolidated
Subsidiaries as of the end of such fiscal year and the related audited
consolidated statements of operations, comprehensive earnings (loss),
shareholders’ equity and cash flows for such fiscal year setting forth
comparative figures, or as of the end of, for the preceding fiscal year,
together with an opinion from Deloitte LLP or other independent certified public
accountants of recognized national standing (which opinion (1) may be addressed
to the board of directors and the shareholders of the Company and (2) shall be
without a “going concern” or like qualification nor any qualification as to the
scope of such audit), (ii) the unaudited consolidating balance sheet of each of
(x) the U.S. Parent Borrower and the Domestic Subsidiaries, (y) the Canadian
Parent Borrower and the Canadian Subsidiaries and (z) the Dutch Parent Borrower
and the other Dutch Subsidiaries as of the end of such fiscal year and the
related unaudited consolidating statements of operations, comprehensive earnings
(loss), shareholders’ equity and cash flows by jurisdiction for the United
States, Canada and the Netherlands for such fiscal year setting forth
comparative figures for the preceding fiscal year, or in the case of the balance
sheet, setting forth the comparable figures as of the end of the prior fiscal
year, and (iii) management’s discussion and analysis of the important
operational and financial developments during such fiscal year.

(c)          Perfection
Certificate Update. At the time of delivery of the Section 8.01(b)
annual financials, a certificate from a Responsible Officer certifying that
there have been no changes to Schedules 1(a) and 2(a) of the Perfection
Certificate since the Closing Date or, if later, since the date of the most
recent certificate delivered pursuant to this Section 8.01(c), or if there have
been any such changes, a list in reasonable detail of such changes (but, in each
case with respect to this clause, only to the extent that such changes are
required to be reported to the Collateral Agent pursuant to the terms of the
Collateral and Guarantee Requirement) and whether the Company and the other Credit Parties have otherwise taken
all actions required to be taken by them pursuant to the Collateral and
Guarantee Requirement in connection with any such changes. 

(d)          Annual
  Budget. Concurrently with the delivery of annual financial statements
  pursuant to Section 8.01(b), a consolidated annual plan, prepared in
  accordance with the Company’s normal accounting procedures applied on a
  consistent basis, for the next fiscal year, containing quarterly detail,
  including projected quarterly borrowing base levels for the fiscal year (it
  being understood that such plan has already been delivered under this Section
8.01(d) for the 2016 fiscal year). 

(e)          Officer’s
Certificates. At the time of the delivery of the Section 8.01 Financials, a
Compliance Certificate from a Responsible Officer of the Company, certifying on
behalf of the Company that, to such Responsible Officer’s knowledge after due
inquiry, no Default or Event of Default has occurred and is continuing or, if
any Default or Event of Default has occurred and is continuing, specifying the
nature and extent thereof, which certificate shall also set forth (i) the
reasonably detailed calculations with respect to the Consolidated Fixed Charge
Coverage Ratio for such period, whether or not a Financial Covenant Triggering
Event shall have occurred and (ii) a list of all Restricted Subsidiaries of the
Company specifying whether each such Subsidiary is a “Material Subsidiary” or an
“Immaterial Subsidiary” for purposes of this Agreement. 

(f)          Notices.
Promptly after any Responsible Officer of the Company or any of its Restricted
Subsidiaries obtains actual knowledge thereof, notice of (i) the occurrence of
any event which constitutes a Default or an Event of Default or any event of
default under the Second Lien Loan Agreement (or the
Second Lien Notes Indenture, if
applicable) or any refinancing thereof or other debt instrument
in excess of the Threshold Amount, (ii) any litigation or governmental
investigation or proceeding pending against the Company or any of its
Subsidiaries (x) which, either individually or in the aggregate, has had, or
could reasonably be expected to have, a Material Adverse Effect or (y) with
respect to any Credit Document, or (iii) any other event, change or circumstance
that has had, or could reasonably be expected to have, a Material Adverse
Effect. 

(g)          Other
Reports and Filings. (i) Promptly upon filing thereof, (x) copies of any
filings (including on Form 10-K, 10-Q or 8-K) or registration statements with,
and reports to, the SEC, the Ontario Securities Commission or any analogous
Governmental Authority in any relevant jurisdiction by the Company or any of the
Restricted Subsidiaries (other than amendments to any registration statement (to
the extent such registration statement, in the form it becomes effective, is
delivered to the Administrative Agent for further delivery to the Lenders),
exhibits to any registration statement and, if applicable, any registration
statements on Form S-8 and other than any filing filed confidentiality with the
SEC, the Ontario Securities Commission or any analogous Governmental Authority
in any relevant jurisdiction) and (y) copies of all financial statements, proxy
statements, notices and reports that the Company or any of the Restricted
Subsidiaries shall send to the holders of any publicly issued debt of the
Company and/or any of the Restricted Subsidiaries in their capacity as such
holders (in each case to the extent not theretofore delivered to the
Administrative Agent for further delivery to the Lenders pursuant to this
Agreement). 

(h)          Financial
Statements of Unrestricted Subsidiaries. If following the Closing Date, any
Subsidiary (other than an Immaterial Subsidiary) is designated as an
Unrestricted Subsidiary, then simultaneously with the delivery of each set of
Section 8.01 Financials, a reconciliation reflecting adjustments necessary to
eliminate the accounts of Unrestricted Subsidiaries (if any) from such
consolidated or consolidating financial statements. 

(i)          Monthly
Financial Statements. At any time when Total Excess Availability is less
than the greater of (i) 17.5% of the Line Cap and (ii) $35,000,000, upon the
written request of the Administrative Agent, within 10 calendar days after the
end of each fiscal month, the unaudited consolidated balance sheet of the
Company and its consolidated Subsidiaries as of the end of such fiscal month and
the related unaudited consolidated statement of operations, for such fiscal
month and, with respect to the consolidated statement of operations only, the
elapsed portion of the fiscal year ended with the last day of such fiscal month,
certified by a Responsible Officer of the Company that they fairly present, in
all material respects and in accordance with GAAP, the financial condition of
the Company and its consolidated Subsidiaries as of the dates indicated and the
results of their operations for the periods indicated, subject to changes
resulting from audit and normal year-end audit adjustments and to the absence of
footnotes; provided that the requirements to deliver monthly financial
statements pursuant to this clause (k) shall terminate upon the date that Total
Excess Availability shall have been at least equal to the greater of (x) 17.5%
of the Line Cap and (y) $35,000,000 over a period of 30 consecutive calendar
days. 

(j)          Pension
Plan Notices. The Company shall deliver to the Administrative Agent upon
request (i) a complete copy of the most recent annual report (on Internal
Revenue Service Form 5500 series, including, to the extent required, the related
financial and actuarial statements and opinions and other supporting statements,
certifications, schedules and information) filed with the Internal Revenue
Service or other Governmental Authority of each Plan that is maintained or
sponsored by the Company or a Restricted Subsidiary, (ii) copies of the annual
actuarial report (including applicable schedules) with respect to each Canadian
Pension Plan as filed with any applicable Governmental Authority, (iii) copies
of annual financial statements or reports in respect of Canadian Pension Plan
funds delivered to the appropriate Canadian pension authorities, and (iv) all
documents relating to collective pension schemes and agreements relating to
individual pensions, such as pension regulations, letters of pension, agreements
with pension agencies (including business sector and company pension funds and
insurers), notices or letters regarding possible exemption from compulsory
participation in a pension scheme, and premium statements during the then-most
recent three years. 

(k)          Other
Information. Subject to the limitation set forth in Section 12.14,
from time to time, such other information or documents (financial or otherwise)
with respect to the Company or any of its Restricted Subsidiaries (including in
relation to any Canadian Pension Plans) as the Administrative Agent or any
Lender (through the Administrative Agent) may reasonably request, including a
listing of each Credit Party’s trade payables, specifying the trade creditor and
balance due, and a detailed trade payable aging; provided that neither
the Company nor any Restricted Subsidiary will be required to disclose any
information or documents (i) that constitutes non-financial trade secrets or
non-financial proprietary information, (ii) in respect of which disclosure to
the Administrative Agent or any Lender (or their respective representatives or
contractors) is prohibited by applicable Requirements of Law or any binding
agreement or (iii) that is subject to attorney-client or similar privilege or
constitutes attorney work product. 

(l)          Information
required to be delivered pursuant to this Section shall be deemed to have been
delivered if such information, or one or more annual or quarterly reports
containing such information (including, in the case of certifications required
pursuant to clause (a) and (b) above, the certifications accompanying any such
report pursuant to Section 302 of the Sarbanes-Oxley Act of 2002), shall have
been posted by the Administrative Agent on an IntraLinks or similar site to
which the Lenders have been granted access or after written notice from the
Company or shall be available on the website of the Securities and Exchange
Commission at http://www.sec.gov within the time periods set forth in
this Section 8.01. Information required to be delivered pursuant to this Section may also be delivered by
electronic communications permitted by Section 12.03. 

8.02.       Books,
Records and Inspections.

(a)          The
Company and any Restricted Subsidiary will keep proper books of record and
accounts in which full, true and correct entries are made in conformity with
GAAP (or applicable local standards) in all material respects. 

(b)          The
Company will permit the Administrative Agent, subject to reasonable advance
notice to, and reasonable coordination with, the Company and during normal
business hours, to visit and inspect the properties of any Borrower, at the
Borrowers’ expense to the extent provided in clause (c) below, inspect, audit
and make extracts from any Borrower’s corporate, financial or operating records,
and discuss with its officers and employees and, in the presence of the Company,
any Borrower or a Subsidiary of the Company, independent accountants (subject to
such accountants’ customary policies and procedures) such Borrower business,
financial condition, assets and results of operations; provided that
excluding any such visits and inspections during the continuation of an Event of
Default, the Administrative Agent shall not exercise such rights more often than
once during any calendar year absent the existence of an Event of Default;
provided, further that neither the Company nor any Restricted
Subsidiary will be required to disclose, permit the inspection, audit,
examination or making copies or abstracts of, or discussion of, any document,
information or other matter (i) that constitutes non-financial trade secrets or
non-financial proprietary information, (ii) in respect of which disclosure to
the Administrative Agent (or its representatives or contractors) is prohibited
by applicable Requirement of Law or any binding agreement or (iii) that is
subject to attorney-client or similar privilege or constitutes attorney work
product. In addition to the foregoing, the Administrative Agent shall be
permitted to conduct one Field Examination and one Appraisal with respect to any
Accounts or Inventory comprising the Borrowing Base during any 12-month period;
provided, further, that (i) if at any time Total Excess
Availability is less than the greater of (x) 17.5% of the Line Cap and (y)
$35,000,000 for a period of 5 consecutive Business Days during such 12-month
period, one additional Field Examination and one additional Appraisal will be
permitted in such 12-month period and (ii) if an Event of Default has occurred
and is continuing, there shall be no limit on the number of additional Field
Examinations and Appraisals that shall be permitted at the Administrative
Agent’s request; it being understood that such Field Examination or Appraisal
once commenced, may be completed at, subject to Section 12.01, the
Borrowers’ expense notwithstanding the cessation of such Event of Default.
Neither the Administrative Agent nor any Lender shall have any duty to any
Borrower to share any results of any Field Examination with any Borrower. The
Company acknowledges that all Field Examinations and Appraisals are conducted by
or for the Administrative Agent and Lenders for their purposes, and the
Borrowers shall not be entitled to rely upon them.

(c)          Subject
to Section 12.01(a), reimburse the Administrative Agent for any
reasonable and documented out-of-pocket costs and expenses of the Administrative
Agent in connection with (i) one examination per fiscal year of any Borrower’s
books and records, (ii) if an Event of Default has occurred and is continuing,
any examination per fiscal year of any Borrower’s books and records (without
duplication of the examination referred to in clause (i) above) and (iii) Field
Examinations and Appraisals of Collateral comprising the Borrowing Base in each
case subject to the limitations on such examinations, audits and Appraisals
permitted under the preceding paragraph and the succeeding paragraph. 

(d)          Notwithstanding
the foregoing, Equipment and Real Property Appraisals will not be required at
any time following the delivery of the original Appraisals to the Administrative
Agent on the Closing Date. The Company may at its option and its sole cost and
expense, no more than three times after the Closing Date, elect to effect a
reappraisal of the Eligible Equipment and Eligible Fee-Owned Real Estate (a “Fixed Asset Reappraisal Event”) by
delivering written notice to the Administrative Agent requesting the retention
by the Administrative Agent of appraisers reasonably satisfactory to them to
commence Appraisals covering any Eligible Fee-Owned Real Estate and all Eligible
Equipment to be included in the Borrowing Base calculation going forward; provided that any reappraisal of Eligible Fee-Owned Real Estate
that is consummated after the Second Amendment Effective Date shall be
accompanied by Phase I environmental assessments in accordance with the ASTM
E1527-13 standard and in form and substance reasonably satisfactory to the Administrative
Agent. Such environmental assessments shall be
at the Company’s sole cost and expense. All reports of appraisers and all environmental assessments must be
provided directly to the Administrative Agent who shall be entitled to rely
thereon. Following the completion of any such additional Appraisals (and environmental assessments in connection with any Fixed Asset
Reappraisal Event occurring after the Second Amendment Effective
Date), the Company may choose to have the Borrowing Base calculated
based on the updated information set forth in such Appraisals (and including
only (i) the Eligible Equipment so appraised and (ii) Eligible Fee-Owned Real Estate so appraised and subject
to such environmental assessments), until such time as a further
additional Appraisal and environmental
assessment is completed, if ever, on the applicable assets; provided that, the Company may not elect to conduct a Fixed Asset
Reappraisal Event unless, on the date of such election, the Consolidated Fixed
Charge Coverage Ratio for the most recently completed Test Period to occur on or
prior to such date of election is no less than 1.0 to 1.0, and no Default or
Event of Default exists and is continuing on such date. For the avoidance of
doubt, (i) even if the Company chooses not to cause the Borrowing Base to be
calculated based on such updated Appraisals, only the assets so appraised shall
be included in future Borrowing Base calculations and the Administrative Agent
may establish Reserves with respect to such assets in its Permitted Discretion,
and (ii) following such notice of a Fixed Asset Reappraisal Event, once such
Appraisals and environmental assessments have
commenced, the Company shall not have the option to discontinue such
Appraisals and environmental assessments. The
Company acknowledges that all environmental assessments
with respect to Eligible Fee-Owned Real Estate and all Appraisals are
conducted by or for the Administrative Agent and Lenders for their purposes, and
the Borrowers shall not be entitled to rely upon them.

8.03.       Maintenance
of Property; Insurance.

(a)          The
Company and each Restricted Subsidiary will, (i) keep all tangible property
necessary to the business of the Company and such Restricted Subsidiary in good
working order and condition, ordinary wear and tear, casualty and condemnation
excepted, except to the extent that the failure to so keep such property in good
working order and condition would not reasonably be expected to have a Material
Adverse Effect, (ii) maintain with financially sound and reputable insurance
companies (as determined in good faith by the Company) insurance on all such
property and the businesses of the Company and such Restricted Subsidiary
against loss or damage of the kinds customarily insured against by Persons
engaged in the same or similar businesses, of such types and in such amounts
(after giving effect to any self-insurance reasonably and customary for
similarly situated Persons who are engaged in the same or similar businesses as
the Company and its Restricted Subsidiaries) as are customarily carried under
similar circumstances by such other Persons (in the good faith determination of
the Company) and in accordance with industry practice for companies similarly
situated owning similar properties and engaged in similar businesses as the
Company and such Restricted Subsidiary and (iii) furnish to the Administrative
Agent, upon its reasonable request therefor, evidence as to its compliance with
the foregoing clause (ii). 

(b)          If
the improvements on a Mortgaged Property are at any time located in an area
identified by the Federal Emergency Management Agency (or any successor agency)
as a special flood hazard area with respect to which flood insurance has been
made available under the Flood Insurance Laws (including as a result of
re-zoning), then the Relevant Borrower shall, or shall cause the applicable
Credit Party to (i) maintain, with a financially sound and reputable insurer, flood
insurance in an amount and otherwise sufficient to comply with all applicable
Requirements of Law promulgated pursuant to the Flood Insurance Laws and (ii)
subject to the proviso in clause (f) of the definition of “Collateral and Guarantee Requirement”, deliver
to the Administrative Agent evidence of such insurance in form and substance
reasonably acceptable to the Administrative Agent and the U.S. Tranche A Revolving Lenders, including, without
limitation, evidence of annual renewals of such insurance. 

(c)          The
  Company and each Restricted Subsidiary will at all times keep its property
  constituting Collateral insured in favor of the Collateral Agent, and all
  policies or certificates (or certified copies thereof) with respect to such
  insurance (and any other insurance maintained by the Company and/or such
  Restricted Subsidiaries) (i) shall be endorsed to the Administrative Agent’s
  reasonable satisfaction for the benefit of the Collateral Agent (including,
  without limitation, by naming the Collateral Agent as additional loss payee or
  additional insured, as applicable), (ii) shall, in the case of Canadian
  Collateral, include an Insurance Bureau of Canada, Form 3000, mortgagee
  endorsement, and (iii) if agreed by the insurer (which agreement the Relevant
  Borrower shall use commercially reasonable efforts to obtain), shall state that
  such insurance policies shall not be canceled without at least 30 days’ prior
  written notice thereof (or, with respect to non-payment of premiums, 10 days’
  prior written notice) by the respective insurer to the Collateral Agent;
  provided that the requirements of this Section 8.03(c) shall not apply to
  (x) insurance policies covering (1) directors and officers, fiduciary or other
  professional liability, (2) employment practices liability, (3) workers’
  compensation liability, (4) automobile and aviation liability, (5) health,
  medical, dental and life insurance, and (6) such other insurance policies and
  programs as the Collateral Agent may approve; and (y) self-insurance programs.

(d)          If
the Company or any Restricted Subsidiary shall fail to maintain insurance in
accordance with this Section 8.03, after any applicable grace period, the
Administrative Agent shall have the right (but shall be under no obligation),
after 10 Business Days’ notice to the Company, to procure such insurance and the
Credit Parties jointly and severally agree to reimburse the Administrative Agent
for all reasonable costs and expenses of procuring such insurance. 

8.04.       Existence;
Franchises. The Company and any Restricted Subsidiary will (a) do all things
necessary to preserve and keep in full force and effect the Company’s existence
and (b) in the case of the Company and such Restricted Subsidiaries, its and
their rights, franchises, licenses, permits, and Intellectual Property, in each
case under this clause (b), to the extent the failure to do so would reasonably
be expected to have a Material Adverse Effect; provided, however,
that nothing in this Section 8.04 shall prevent (i) sales and licenses of
assets and other transactions by the Company or such Restricted Subsidiaries in
accordance with Section 9.02 or Section 9.11, (ii) the abandonment
or allowing the expiration or lapse by the Company or such Restricted
Subsidiaries of any rights, franchises, licenses, permits, or Intellectual
Property that the Company reasonably determines are no longer material to the
operations of the Company and such Restricted Subsidiaries taken as a whole, or
(iii) the withdrawal by the Company or such Restricted Subsidiaries of its
qualification as a foreign corporation, partnership, limited liability company
or unlimited liability company, as the case may be, in any jurisdiction if such
withdrawal could not, either individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. 

8.05.       Compliance
with Statutes, etc. The Company and any Restricted Subsidiary will comply
with all applicable Requirements of Law, and all applicable restrictions imposed
by, all Governmental Authorities, in respect of the conduct of its business and
the ownership of its property (including applicable Requirements of Law relating
to ERISA, Canadian Employee Benefits Legislation, OFAC, FCPA, Anti-Terrorism
Laws, AML Legislation and Patriot Act), except in each case such noncompliance
as could not, either individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect. 

8.06.       Compliance
with Environmental Laws. The Company and any Restricted Subsidiary will
comply with all Environmental Laws and permits applicable to, or required by,
the ownership, lease or use of Real Property by the Company or any Restricted
Subsidiary, and will promptly pay or cause to be paid all costs and expenses
incurred in connection with such compliance, and will keep or cause to be kept
all such Real Property free and clear of any Liens imposed pursuant to such
Environmental Laws (other than Liens imposed on leased Real Property resulting
from the acts or omissions of the owner of such leased Real Property or of other
tenants of such leased Real Property who are not within the control of the
Company), except, in each case, where the failure to do so would not reasonably
be expected to have a Material Adverse Effect. Neither the Company nor any
Restricted Subsidiary will generate, use, treat, store, Release or permit the
generation, use, treatment, storage, or Release of Hazardous Materials at, on or
under any Real Property by the Company or any Restricted Subsidiary, or
transport or permit the transportation of Hazardous Materials to or from any
such Real Property, except in compliance with all Environmental Laws or where
such non-compliance would not reasonably be expected to have a Material Adverse
Effect. 

8.07.       ERISA.
As soon as reasonably practicable and, in any event, within ten (10) Business
Days after the Company or any Restricted Subsidiary knows of the occurrence of
any of the following, the Company will deliver to the Administrative Agent a
certificate setting forth a reasonable level of detail as to such occurrence and
the action, if any, that the Company, such Restricted Subsidiary or, to the
knowledge of the Company, an ERISA Affiliate is required or proposes to take,
together with any notices required or proposed to be given or filed by the
Company, such Restricted Subsidiary, the Plan administrator or, to the extent
available, such ERISA Affiliate to or with the PBGC or any other Governmental
Authority, or a Plan participant and any notices received by the Company, such
Restricted Subsidiary or, to the extent available, such ERISA Affiliate from the
PBGC or any other Governmental Authority, or a Plan participant with respect
thereto: that (a) an ERISA Event has occurred that is reasonably expected to
result in a Material Adverse Effect; or (b) the Company, any Restricted
Subsidiary or, to the knowledge of the Company, any ERISA Affiliate adopts, or
commences contributions to, any Plan subject to Section 412 of the Code, or
adopts any amendment to a Plan subject to Section 412 of the Code which is
reasonably expected to result in a Material Adverse Effect. 

8.08.       Payment of
Taxes. Each of the Company and any Restricted Subsidiary will pay and
discharge all Taxes imposed upon it or upon its income or profits or upon any
properties belonging to it, prior to the date on which penalties attach thereto
and all lawful claims which, if unpaid, might become a Lien or charge upon any
properties of the Company or any Restricted Subsidiary not otherwise permitted
under Section 9.01(iv); provided that neither the Company nor any
Restricted Subsidiary shall be required to pay any such Tax or claim which is
being contested in good faith and by appropriate proceedings if it has
maintained adequate reserves with respect thereto in accordance with GAAP, or
where the failure to pay such Tax or claim would not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Effect. 

8.09.       Use of
Proceeds. Each Borrower will use the proceeds of the Loans only as provided
in Section 7.08. No part of the proceeds of any Loans or Letters of
Credit hereunder will be used, by any Credit Party or any of its Subsidiaries
for the purpose of funding any operations in, financing any investments or
activities in or making any payments in violation of Sanctions, the Special
Economics Measures Act (Canada), Anti-Terrorism Laws, AML Legislation and any
similar Requirements of Law of Canada or the FCPA. 

8.10.       Additional
Security; Further Assurances; etc. 

(a)          Each
Borrower and each Wholly-Owned Restricted Subsidiary which is a Domestic
Subsidiary, a Canadian Subsidiary or a Dutch Subsidiary, but excluding any
Excluded Subsidiary, will promptly grant to the Collateral Agent for the benefit of the
Secured Creditors perfected security interests in such Collateral of such
Borrower and such Restricted Subsidiaries as are not covered by Security
Documents then in effect, in order to comply with the Collateral and Guarantee
Requirement. 

(b)          Subject
  to the provisions of the Collateral and Guarantee Requirement and the other
  limitations set forth in this Agreement or the applicable Security Documents,
  with respect to any Person that is or becomes after the Closing Date a
  Wholly-Owned Restricted Subsidiary that is either a Domestic Subsidiary, a
  Canadian Subsidiary, or a Dutch Subsidiary, or any such Wholly-Owned Restricted
  Subsidiary that ceases to constitute an Excluded Subsidiary, but excluding any
  Excluded Subsidiary, the applicable Credit Party that is the parent of such
  Wholly-Owned Restricted Subsidiary or such Wholly-Owned Restricted Subsidiary,
  as applicable, shall within 30 days (other than with respect to Real Property,
  which actions shall be required only to the extent, and pursuant to the timing,
  required by clause (f) of this Section 8.10) (or such longer period as
  the Administrative Agent may reasonably agree) of such event, (i) cause such new
  Subsidiary (A) to execute a joinder agreement to this Agreement, in the form
  attached as Exhibit E hereto, to join as a Guarantor hereto and a joinder
  agreement to each applicable Security Agreement, substantially in the form
  annexed thereto, or, if applicable, each additional Security Document in lieu of
  such joinder, provided that such additional Security Document shall be
  substantially similar in form and substance to such applicable Security
  Agreement and (B) to take all actions, if any, reasonably necessary or advisable
  in the opinion of the Administrative Agent to cause the Lien created by the
  applicable Security Agreement to be duly perfected to the extent required by the
  Collateral and Guarantee Requirement in accordance with all applicable law,
  including the filing of financing statements as required by the Collateral and
  Guarantee Requirement; and (ii) at the reasonable request of the Administrative
  Agent, deliver to the Administrative Agent a signed copy of an opinion,
  addressed to the Administrative Agents, the Collateral Agent and the other
  Lenders, of counsel to the Credit Parties reasonably acceptable to the
  Administrative Agent as to such matters set forth in this Section 8.10(b)
  (provided that the Administrative Agent agrees that any such opinion that
  is similar in scope and substance to the opinion of the applicable counsel to
  the Credit Parties delivered on the Closing Date with respect to the Security
  Documents delivered on the Closing Date shall be reasonably acceptable to the
Administrative Agent). 

(c)          Subject
to the limitation set forth in the Collateral and Guarantee Requirement and the
other limitations set forth in this Agreement or the applicable Security
Documents, each of the Credit Parties will, at the expense of the Company, make,
execute, endorse, acknowledge, file and/or deliver to the Administrative Agent,
promptly, upon the reasonable request of the Administrative Agent, at Company’s
expense, any document or instrument supplemental to or confirmatory of the
Security Documents required by the Collateral and Guarantee Requirement that are
deemed by the Administrative Agent reasonably necessary for the continued
validity, perfection (or the equivalent with respect to the Canadian Credit
Parties under applicable law in Canada and with respect to the Dutch Credit
Parties, under applicable law in the Netherlands or England) and priority of the
Liens on the Collateral covered thereby subject to no other Liens except for
Permitted Liens or as otherwise permitted by the applicable Security Document.

(d)          Each
of the Credit Parties agrees that each action required by clauses (a) through
(c) of this Section 8.10 shall be completed as soon as reasonably
practicable, after such action is required to be taken pursuant to such clauses
or requested to be taken by the Administrative Agent or the Required Lenders (or
such longer period as the Administrative Agent shall otherwise reasonably
agree), as the case may be; provided that, without limiting (x) any
requirement to take any Additional Account Security Action set forth in the
definition of the term “Eligible Accounts” solely for the purpose of determining
the eligibility of Accounts originated by any Borrower that are owed from
Account Debtors located in any Account Debtor Approved Country (other than the
United States, Canada or the Netherlands) for inclusion in the applicable
Borrowing Base or (y) any requirement to take any Additional Inventory Security Action set forth in the definition of the term
“Eligible Inventory” solely for the purpose of determining the eligibility of
any Inventory owned by a Dutch Borrower and located in the United Kingdom,
France or Germany for inclusion in the Dutch Borrowing Base, in no event will
the Credit Parties be required to take any action, other than using its
commercially reasonable efforts, to obtain consents from third parties with
respect to its compliance with this Section 8.10. 

(e)          (i)
  During the continuance of a Cash Dominion Period and (ii) after delivery of a
  written notice thereof by the Administrative Agent to the Company, to request
  Account Debtor notifications in the relevant Account Debtor Approved Countries,
  the Relevant Borrowers shall provide notice to the Account Debtors in such
  requested Account Debtor Approved Countries of the Collateral Agent’s security
interest in the Accounts owing by such Account Debtors. 

(f)          Subject
to the limitation set forth in the Collateral and Guarantee Requirement and the
other limitations set forth in this Agreement or the applicable Security
Documents, with respect to any Material Real Property acquired by any U.S.
Credit Party or any Canadian Credit Party after the Closing Date (or, in each
such case, with respect to any Person that is or becomes after the Closing Date
a U.S. Credit Party or a Canadian Credit Party, any Material Real Property owned
by such Credit Party as to the date such Person became a Credit Party), within
90 days after such acquisition (or designation or formation as a Credit Party)
(or with respect to any Material Real Property under construction or
improvement, within 90 days after substantial completion thereof) (or such later
date as the Administrative Agent may agree in its reasonable discretion) such
Credit Party shall (i) grant to the Collateral Agent for the benefit of the
Secured Creditors security interests in and Mortgages on such Material Real
Property pursuant to documentation substantially in the form of Mortgage
delivered to the Collateral Agent with respect to the Mortgaged Properties set
forth on Schedule 5.15 as of the Closing Date or in such other form as is
reasonably satisfactory to the Administrative Agent (each, an “Additional
Mortgage”), which security interest and mortgage shall constitute valid and
enforceable Liens subject to no other Liens except Permitted Liens, at the time
of recordation thereof, and (ii) record or file, and cause each such Credit
Party to record or file, the Additional Mortgage or instruments related thereto
in such manner and in such places as is required by law to establish, preserve
and protect the Liens in favor of the Collateral Agent (for the benefit of the
Secured Creditors) required to be granted pursuant to the Additional Mortgages
and pay, and cause each such Credit Party to pay, in full, all recording and
similar taxes, fees and other charges required to be paid in connection with
such recording or filing, and deliver to the Collateral Agent all Related Real
Estate Documents in connection with such additional Mortgaged Properties. 

8.11.       Post-Closing
Actions. Each of the Credit Parties agrees that it will complete each of the
actions described below as soon as commercially reasonable and by no later than
the date set below with respect to such action or such later date as the
Administrative Agent may reasonably agree: 

(a)          with
respect to each Real Property listed on Schedule 5.15, the relevant
Credit Parties shall cause to be delivered to the Collateral Agent each of the
Related Real Estate Documents within 90 days following the Closing Date; 

(b)          the
Administrative Agent shall have received the appropriate endorsements for the
certificates of insurance delivered pursuant to Section 5.12 within 30
days following the Closing Date; 

(c)          within
five (5) Business Days following the Closing Date, the Administrative Agent
shall have received (x) the Dutch Pledges Over Shares, which Dutch Pledges Over
Shares (i) shall have been duly authorized, executed and delivered by each Dutch
Credit Party party thereto and (ii) shall be in form and substance reasonably
satisfactory to the Collateral Agent and (y) an opinion from NautaDutilh, special Dutch counsel to the
Credit Parties, addressed to the Administrative Agents, the Collateral Agent and
each of the Lenders party hereto on such date in form and substance reasonably
satisfactory to the Administrative Agent; 

(d)          within ten (10) Business Days following the Closing Date, the
  Company and any applicable Subsidiaries of the Company shall discharge, or cause
  to be discharged, each and every filing, registration or recordation made in any
  province or territory of Canada (other than Ontario) that perfects, hypothecates
  or records a Lien made or created pursuant to, or in connection with, the Second
  Lien Loan Agreement and any loan documents thereunder, and the Company and any
  applicable Subsidiaries of the Company shall forthwith thereafter provide to the
  Collateral Agent evidence of such discharge reasonably requested by the
  Collateral Agent including, without limitation, Lien searches conducted in the
  applicable provinces and territories of Canada evidencing the complete discharge
  of such Liens; and[Reserved];

(e)          within
five (5) Business Days following the Closing Date, the Company shall deliver to
the Administrative Agent the certificate representing Equity Interests of
SunOpta Global Organic Ingredients, Inc. (and the accompanying irrevocable
undated stock power or stock transfer form); 

(f)          within
five (5) Business Days following the Closing Date, the Collateral Agent shall
have received the Subordinated Intercompany Note duly executed by the Company
and each Restricted Subsidiary, together with undated instruments of transfer
with respect thereto endorsed in blank; and 

(g)          within
thirty (30) days following the Closing Date, the Administrative Agent shall have
received (i) a draft of the Quebec Hypothec and RDPRM registration form for the
Collateral Agent’s approval, and (ii) evidence that such Quebec Hypothec shall
have been duly authorized, executed and delivered by Tradin Organics USA LLC.
Once approved by the Collateral Agent, and subsequent to the execution and
requisite filing/registration of same, the Administrative Agent shall have
received (i) RDPRM and Lien searches and other evidence reasonably satisfactory
to the Collateral Agent that such filing/registration are the only Liens against
Tradin Organics USA LLC or the Collateral thereof except Liens permitted by
Section 9.01 hereof, and (ii) an opinion from Miller Thomson LLP, special Quebec
counsel to Tradin Organics USA LLC, addressed to the Administrative Agents, the
Collateral Agent and each of the Lenders party hereto on such date in form and
substance reasonably satisfactory to the Administrative Agent. 

8.12.       Dutch Works
Council Act. Each Dutch Credit Party shall comply with the requirements of
the Dutch Works Council Act in respect of the Transaction and the transactions
contemplated thereby.

8.13.       Certain
Additional Account Security Actions and Additional Inventory Security
Actions. (a) Each applicable Borrower shall endeavor to satisfy the
Additional Account Security Actions with respect to Accounts originated by such
Borrower that are owed from Account Debtors located in the United Kingdom,
France and Germany within thirty (30) calendar days after the Closing Date and
(b) each applicable Dutch Borrower shall endeavor to satisfy the Additional
Inventory Security Actions with respect to Inventory located in the United
Kingdom that is owned by such Dutch Borrower within thirty (30) calendar days
after the Closing Date; provided that the failure by any Borrower to take
such Additional Account Security Actions and/or Additional Inventory Security
Actions pursuant to this Section 8.13 shall not constitute a Default or
an Event of Default and the effect of any such failure shall be limited to the
impact, if any, on the eligibility of such Accounts or Inventory, as applicable,
for inclusion in the applicable Borrowing Base pursuant to the rules set forth
in the definitions of the terms “Eligible Accounts” and “Eligible Inventory”.

8.14.       Designation
of Unrestricted Subsidiaries. The Company may at any time after the Closing
Date designate any Restricted Subsidiary as an Unrestricted Subsidiary or any
Unrestricted Subsidiary as a Restricted Subsidiary by written notice to the
Administrative Agent; provided that (i) immediately before and after such
designation, no Event of Default shall have occurred and be continuing, (ii)
immediately after giving effect to such designation, the Distribution Conditions
shall be satisfied on a pro forma basis, (iii) in the case of any Borrower
designated as an Unrestricted Subsidiary, all Loans outstanding to such Borrower
shall be repaid in full or assumed by another Borrower and all Letters of Credit
issued for the account of such Borrower shall have expired or been terminated or
assumed by another Borrower, (iv) in the case of the designation of any
Subsidiary as an Unrestricted Subsidiary, such designation shall constitute an
Investment in such Unrestricted Subsidiary (calculated as an amount equal to the
aggregate Fair Market Value of all outstanding Investments owned by the Company
and its Restricted Subsidiaries in such Subsidiary), and such Investment shall
be permitted under Section 9.05, (v) no Subsidiary may be designated as
an Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of
(I) the Second Lien Loan Agreement (or the Second
Lien Notes Indenture, if
applicable), or (II) any other Contractual Requirement governing
any Indebtedness, in each case of this clause (II), with a principal amount in
excess of the Threshold Amount, (vi) immediately after giving effect to the
designation of an Unrestricted Subsidiary as a Restricted Subsidiary, the
Company shall comply with the provisions of Section 8.10 with respect to
such designated Restricted Subsidiary, (vii) no Restricted Subsidiary may be a
Subsidiary of an Unrestricted Subsidiary, (viii) in the case of the designation
of any Subsidiary as an Unrestricted Subsidiary, no recourse whatsoever (whether
by contract or by operation of law or otherwise) may be had to the Company or
any Restricted Subsidiary or any of their respective properties or assets for
any obligations of such Unrestricted Subsidiary except as permitted by
Section 9.05 and (ix) the Company shall have delivered to the
Administrative Agent and each Lender a certificate executed by Responsible
Officer, certifying to the best of such officer’s knowledge, compliance with the
requirements of the preceding clauses (i) through (vii), inclusive, and
containing the calculations (in reasonable detail) required by the preceding
clause (ii). The designation of any Unrestricted Subsidiary as a Restricted
Subsidiary shall constitute (A) the incurrence at the time of designation of any
Investment, Indebtedness or Liens of such Subsidiary existing at such time and
(B) a return on any Investment by the Company in Unrestricted Subsidiaries
pursuant to the preceding sentence in an amount equal to the Fair Market Value
at the date of such designation of the Company’s Investment in such Subsidiary.

8.15.       Collateral
Monitoring and Reporting.

(a)          Borrowing
Base Certificates. By the 20th calendar day after the end of each fiscal
month of the Company, the Company shall deliver to the Administrative Agent (and
the Administrative Agent shall promptly deliver same to Lenders) a Borrowing
Base Certificate as of the close of business of the previous month;
provided that, if a Weekly Reporting Event shall have occurred and be
continuing, the Company shall deliver to the Administrative Agent weekly
Borrowing Base Certificates by Wednesday of every week prepared as of the close
of business on Friday of the previous week, which weekly Borrowing Base
Certificates shall be in standard form unless otherwise reasonably agreed to by
the Administrative Agent; it being understood that any Borrowing Base
Certificates delivered on a weekly basis will be limited to updating the
balances of the Accounts as of the most recently ended week. All information
(including calculation of Total Excess Availability) in a Borrowing Base
Certificate shall be certified by the Company. The Administrative Agent may from
time to time adjust any such report to the extent any information or calculation
is inaccurate or does not comply with this Agreement in accordance with the
definitions of “Canadian Borrowing Base”, “Dutch Borrowing Base”, “U.S. Tranche A Borrowing Base” and “U.S. Tranche B Borrowing Base”. 

(b)          Records
and Schedules of Accounts.

(i)          
Each Borrower shall keep accurate and complete records of its Accounts in all
material respects, including all payments and collections thereon, and the
Company shall submit to the Administrative Agent sales, collection,
reconciliation and other reports at the time of delivery of each Borrowing Base
Certificate. The Company shall also provide to the Administrative Agent, at the
time of delivery of each Borrowing Base Certificate, a summary aged trial
balance of all Accounts as of the end of the preceding month. 

(ii)          During
(A) any Cash Dominion Period, whether or not a Default or Event of Default
exists or (B) the continuance of an Event of Default, the Administrative Agent
shall have the right, in the name of the Administrative Agent, any designee of
the Administrative Agent or any Credit Party, to verify the validity, amount or
any other matter relating to any Accounts of the Credit Parties by mail,
telephone or otherwise. The Credit Parties shall cooperate fully with
Administrative Agent in an effort to facilitate and promptly conclude any such
verification process. 

(c)          Cash
Management.

(i)          Within
ninety (90) days after the Closing Date (or such longer period as the
Administrative Agent may reasonably agree), (A) the U.S. Parent Borrower shall
have opened an account maintained by the U.S. Administrative Agent at BANA in
the United States, under its sole dominion and control (the “U.S. Dominion
Account”), (B) the Company shall have opened an account maintained by the
Canadian Administrative Agent at BANA in Canada, under its sole dominion and
control (the “Canadian Dominion Account”), and (C) the Dutch Parent
Borrower shall have opened an account with a depository bank reasonably
satisfactory to the Administrative Agent in the United Kingdom, over which a
perfected first priority security interest and control has been granted to the
Collateral Agent pursuant to an English Control Agreement (the “Dutch
Dominion Account” and, together with the U.S. Dominion Account and the
Canadian Dominion Account, the “Dominion Accounts”). 

(ii)          Within
ninety (90) days after the Closing Date (or such longer period as the
Administrative Agent may reasonably agree), the U.S. Credit Parties shall have
moved their Deposit Accounts into which the proceeds or products of Collateral
may have been deposited to BANA (the “U.S. Collection Bank”) in the
United States (and shall have closed any Deposit Accounts (other than Excluded
Accounts) owned by them at any other financial institution and into which the
proceeds or products of Collateral may have been deposited unless reasonably
agreed by the Administrative Agent), and shall have entered into a Deposit
Account Control Agreement reasonably satisfactory to the Administrative Agent,
with respect to each such Deposit Account (collectively, the “U.S. Collection
Accounts”). All U.S. Collection Accounts shall thereafter be maintained with
BANA. No U.S. Credit Party shall after the Closing dDate
hereof open or establish any Deposit
Account into which the proceeds or products of Collateral may be deposited with
any financial institution, other than BANA. Each U.S. Credit Party shall instruct all Account Debtors of the U.S. Credit Parties
to remit all payments to the “P.O. Boxes” or “Lockbox Addresses” of the U.S.
Collection Bank (or to remit such payments to the U.S. Collection Bank by
electronic settlement) with respect to all Accounts of such Account Debtor,
which remittances shall be collected by the U.S. Collection Bank and deposited
in a U.S. Collection Account. Each U.S. Credit Party hereby agrees that all cash
that constitutes proceeds or products of Collateral received by such U.S. Credit
Party in any Deposit Account that is not a U.S. Collection Account will be
promptly transferred into a U.S. Collection Account. There shall be at all times
at least one Collection Account in the U.S. Each Deposit Account Control
Agreement relating to a U.S. Collection Account shall (unless otherwise
reasonably agreed by the Administrative Agent) include provisions that allow,
during any Cash Dominion Period, for all collected amounts held in such U.S.
Collection Account from and after the date requested by the Administrative
Agent, to be sent by ACH or wire transfer or similar electronic transfer no less
frequently than once per Business Day to the U.S. Dominion Account. Subject to
the terms of the respective Security Document and to Section 10.11, all
amounts received in the U.S. Dominion Account during the existence of a Cash
Dominion Period shall be applied (and allocated) by the Administrative Agent on
a daily basis in accordance with Section 2.09(b)(vi). 

(iii)          Within
  ninety (90) days after the Closing Date (or such longer period as the
  Administrative Agent may reasonably agree), the Canadian Credit Parties shall
  have used commercially reasonable efforts to enter into a Deposit Account
  Control Agreement reasonably satisfactory to the Administrative Agent, with
  respect to each Deposit Account (other than Excluded Accounts) owned by them in
  the Canada and into which the proceeds or products of Collateral may have been
  deposited and existing as of such date; provided that to the extent a
  Deposit Account Control Agreement has not been obtained on or prior to the date
  that is ninety (90) days after the Closing Date (or such later date as the
  Administrative Agent may reasonably agree) over any such Deposit Account, the
  Canadian Credit Parties shall have moved such Deposit Account to BANA, or
  another depositary bank who has entered into such a Deposit Account Control
  Agreement (collectively, the “Canadian Collection Accounts”. Each
  Canadian Credit Party shall instruct all Account Debtors of the Canadian Credit
  Parties to remit all payments to the “P.O. Boxes” or “Lockbox Addresses” of the
  depositary banks maintaining Canadian Collection Accounts (or to remit such
  payments to the applicable depositary bank by electronic settlement) with
  respect to all Accounts of such Account Debtor, which remittances shall be
  collected by such depositary banks and deposited in a Canadian Collection
  Account. Each Canadian Credit Party hereby agrees that all cash that constitutes
  proceeds or products of Collateral received by such Canadian Credit Party in any
  Deposit Account that is not a Canadian Collection Account will be promptly (and,
  in any event within two Business Days) transferred into a Canadian Collection
  Account. There shall be at all times at least one Collection Account in Canada.
  Each Deposit Account Control Agreement relating to a Canadian Collection Account
  shall (unless otherwise reasonably agreed by the Administrative Agent ) include
  provisions that allow, during any Cash Dominion Period, for all collected
  amounts held in such Canadian Collection Account from and after the date
  requested by the Administrative Agent, to be sent by ACH or wire transfer or
  similar electronic transfer no less frequently than once per Business Day to the
  Canadian Dominion Account. Subject to the terms of the respective Security
  Document and to Section 10.11, all amounts received in the Canadian
  Dominion Account during the existence of a Cash Dominion Period shall be applied
  (and allocated) by the Administrative Agent on a daily basis in accordance with
Section 2.09(b)(vi). 

(iv)          Within
ninety (90) days after the Closing Date (or such longer period as the
Administrative Agent may reasonably agree), the Dutch Credit Parties shall have
(A) used commercially reasonable efforts to open an account with a depositary
bank reasonably satisfactory to the Administrative Agent in the United Kingdom
and (B) grant a perfected first priority security interest and control over any
such account to the Collateral Agent pursuant to an English Control Agreement
and a fixed charge over any such account governed by English law between the
relevant Dutch Credit Party and the Collateral Agent; provided that to
the extent an English Control Agreement has not been obtained on or prior to the
date that is ninety (90) days after the Closing Date (or such
later date as the Administrative Agent may reasonably agree) over any such
account, the Dutch Credit Parties shall have opened such account to BANA, or
another depositary bank who has entered into such a English Control Agreement
(the “Dutch Collection Account”). Within 120 days after the Closing Date
(or such longer period as the Administrative Agent may reasonably agree), the
Dutch Credit Parties shall instruct all Account Debtors of the Dutch Credit
Parties to remit all payments to the “P.O. Boxes” or “Lockbox Addresses” of the
depositary bank maintaining the Dutch Collection Account (or to remit such
payments to such depositary bank by electronic settlement) with respect to all
Accounts of such Account Debtor, which remittances shall be collected by such
depositary bank and deposited in the Dutch Collection Account. Each Credit Party
hereby agrees that from and after the date the Dutch Collection Account is
opened, all amounts held in Deposit Accounts owned by the Dutch Credit Parties
in the Netherlands and into which the proceeds and products of Collateral may be
deposited (other than Excluded Accounts) shall be sent by ACH or wire transfer
or similar electronic transfer no less frequently than once per Business Day to
the Dutch Collection Account. The English Control Agreement relating to the
Dutch Collection Account shall (unless otherwise reasonably agreed by the
Administrative Agent) include provisions that allow, during any Cash Dominion
Period, for all collected amounts held in such Dutch Collection Account from and
after the date requested by the Administrative Agent, to be sent by ACH or wire
transfer or similar electronic transfer no less frequently than once per
Business Day to the Dutch Dominion Account. Subject to the terms of the
respective Security Documents and to Section 10.11, all amounts received
in the Dutch Dominion Account during the existence of a Cash Dominion Period
shall be applied (and allocated) by the Administrative Agent on a daily basis in
accordance with Section 2.09(c) . 

(v)          During
  the continuance of a Cash Dominion Event, at the request of the Administrative
  Agent, each of the relevant Credit Parties shall provide the Administrative
  Agent with an accounting of the contents of the Collection Accounts not
  maintained at BANA, which shall identify, to the reasonable satisfaction of the
  Administrative Agent, the proceeds from the Collateral which were deposited into
a Collection Account and swept into a Dominion Account. 

(vi)         The
Credit Parties (other than the Dutch Credit Parties) may close Deposit Accounts
and/or open or acquire new Deposit Accounts, subject to the limitations set
forth above, and the use of commercially reasonable efforts to execute and
deliver to the Administrative Agent appropriate Deposit Account Control
Agreements (except with respect to Excluded Accounts) consistent with the
provisions of this Section 8.15, within ninety (90) days of the opening
or acquisition thereof (as may be extended by the Administrative Agent acting
reasonably), it being understood that no such new Deposit Account shall qualify
as a U.S. Collection Account or Dutch Collection Account until such Deposit
Account Control Agreement is obtained. So long as no Cash Dominion Period is
continuing, the Credit Parties may direct the manner of disposition of funds in
the Collection Accounts (including transfers to the Excluded Accounts) and any
amounts remaining on deposit in any Dominion Account shall promptly be
transferred by the Administrative Agent or relevant depositary bank to a
Collection Account specified by the Company and may not be used by the
Administrative Agent to prepay the Loans or other Obligations thereafter unless
and until a new Cash Dominion Period shall occur. 

(vii)        The
Dominion Accounts shall at all times be under the sole dominion and control of
the Collateral Agent. Each Credit Party hereby acknowledges and agrees that (i)
such Credit Party has no right of withdrawal from the Dominion Accounts, except
as specified in clause (vi) above, (ii) the funds on deposit in the Dominion
Accounts shall at all times continue to be Collateral for all of the
Obligations, and (iii) the funds on deposit in the Dominion Accounts shall be
applied as provided in this Agreement. In the event that, notwithstanding the
provisions of this Section 8.15, during the continuation of a Cash
Dominion Period, any Credit Party receives or otherwise has dominion and control
of any proceeds or collections of Collateral (other than amounts constituting
proceeds of Indebtedness (including the Loans)), such proceeds and collections
shall be held in trust by such Credit Party for the Secured Creditors, shall not be commingled with any of such Credit
Party’s other funds or deposited in any account of such Credit Party and shall
promptly be deposited into the Dominion Accounts or dealt with in such other
fashion as such Credit Party may be instructed by the Administrative Agent. 

(d)          Administration
  of Deposit Accounts. Schedule 8.15(d) sets forth, as of the Closing
  Date, all Deposit Accounts (other than Excluded Accounts) maintained by the
  Credit Parties, including all Dominion Accounts. The applicable Credit Party
  shall be the sole account holder of each Deposit Account (other than any
  Excluded Account) into which the proceeds or products of any Collateral are, or
  are intended to be, deposited and shall not allow any other Person to have a
  perfected Lien (other than Permitted Liens) on any Deposit Account or any
  property deposited therein. On each date on which Section 8.01 Financials are
  required to be delivered to the Administrative Agent, each Credit Party shall
  notify the Administrative Agent of any opening or closing of a Deposit Account
  (other than any Excluded Account) into which the proceeds or products of any
  Collateral are, or are intended to be, deposited and, with the consent of the
  Administrative Agent, will amend Schedule 8.15(d) to reflect the same.

(e)          Inventory,
Equipment and Real Estate. Each Borrower shall keep accurate and complete
records of its Inventory, Equipment and Real Property, in all material respects,
including costs and daily withdrawals and additions, and shall submit to the
Administrative Agent Inventory, Equipment, Real Property and reconciliation
reports at the time of delivery of each Borrowing Base Certificate. 

Section
9      Negative Covenants. The Company and
any Restricted Subsidiary hereby covenant and agree that on and after the
Closing Date and until the Payment in Full Date: 

9.01.       Liens.
Each of the Company and any Restricted Subsidiary shall not, directly or
indirectly, create, incur, assume or suffer to exist any Lien upon or with
respect to any property or assets (real or personal, tangible or intangible) of
the Company or any Restricted Subsidiary, whether now owned or hereafter
acquired; provided that the provisions of this Section 9.01 shall
not prevent the creation, incurrence, assumption or existence of, or any filing
in respect of, the following (Liens described below are herein referred to as
“Permitted Liens”): 

 (i)          Liens
created pursuant to the Credit Documents (including Liens on Secured Bank
Product Obligations); 

 (ii)         pledges,
deposits or security by such Person under workmen’s compensation laws,
unemployment insurance, employers’ health tax, and other social security
Requirements of Law or similar legislation or other insurance related
obligations (including, but not limited to, in respect of deductibles,
self-insured retention amounts and premiums and adjustments thereto) or
indemnification obligations of (including obligations in respect of letters of
credit or bank guarantees for the benefit of) insurance carriers providing
property, casualty or liability insurance, or good faith deposits in connection
with bids, tenders, contracts (other than for the payment of Indebtedness) or
leases to which such Person is a party, or deposits to secure public or
statutory or similar obligations of such Person or deposits of cash or U.S.
government bonds to secure surety or appeal bonds to which such Person is a
party, or deposits as security for contested taxes or import duties or for the
payment of rent, in each case incurred in the ordinary course of business
(including Liens to secure letters of credit issued to assure payment of such
obligations); 

 (iii)        Liens
imposed by Requirement of Law, such as landlords’, carriers’, warehousemen’s,
materialmen’s, repairmen’s, mechanics’ and similar Liens, in each case for sums
not yet overdue for a period of more than 90 days or remain payable without
penalty or being contested in good faith by appropriate actions if adequate
reserves with respect thereto are maintained on the book of such person in accordance with GAAP
or other Liens arising out of judgments or awards not constituting an Event of
Default under Section 10; 

 (iv)         Liens
  for Taxes, assessments or other governmental charges not yet overdue or not yet
  payable or subject to penalties for nonpayment or which are being contested in
  good faith by appropriate actions diligently conducted, if adequate reserves
  with respect thereto are maintained on the books of such Person in accordance
with GAAP; 

 (v)          Liens
in favor of issuers of performance, surety, bid, indemnity, warranty, release,
appeal or similar bonds or with respect to other regulatory requirements or
letters of credit or bankers acceptances issued, and completion guarantees
provided for, in each case, issued pursuant to the request of and for the
account of such Person in the ordinary course of its business or consistent with
past practice prior to the Closing Date; 

 (vi)         Liens
securing obligations relating to any Indebtedness permitted to be Incurred
pursuant to Section 9.04(ii) or (xxv), so long as after giving
effect to the incurrence of any such Indebtedness, the Consolidated Secured
Leverage Ratio of the Company is less than 5.00:1.00; provided that, to
the extent such Liens attach to any Collateral, then the Liens on the Collateral
securing such obligations, shall (x) rank junior to the Liens securing the
Obligations and (y) be subject to the Intercreditor Agreement or another
intercreditor agreement reasonably satisfactory in form and substance to the
Administrative Agent; 

 (vii)        Liens
securing obligations relating to any Indebtedness permitted to be Incurred
pursuant to clause (v) of Section 9.04 hereof; provided that such
Liens extend only to the assets so purchased, leased or improved and any
accessions or extensions thereof; 

 (viii)       Liens
existing on the Closing Date or pursuant to agreements in existence on the
Closing Date and set forth in Schedule 9.01(viii) (which may include
Liens on (A) after-acquired property that is affixed or incorporated into the
property covered by such Lien, (B) after-acquired property subject to a Lien
securing such Indebtedness, the terms of which Indebtedness require or include a
pledge of after-acquired property (it being understood that such requirement
shall not be permitted to apply to any property to which such requirement would
not have applied but for such acquisition) and (C) the proceeds and products
thereof), including Liens securing any Refinancing Indebtedness secured by such
Liens; 

 (ix)          (a)
Liens on property or shares of stock or other assets of a Person at the time
such Person becomes a Subsidiary; provided that such Liens are not
created or incurred in connection with, or in contemplation of, such other
Person becoming such a Subsidiary; provided, further, that such
Liens may not extend to any other property or other assets owned by the Company
or any of the Restricted Subsidiaries (other than (A) after-acquired property
that is affixed or incorporated into the property covered by such Lien, (B)
after-acquired property subject to a Lien securing such Indebtedness, the terms
of which Indebtedness require or include a pledge of after-acquired property (it
being understood that such requirement shall not be permitted to apply to any
property to which such requirement would not have applied but for such
acquisition) and (C) the proceeds and products thereof); and (b) Liens on
property or other assets at the time the Company or a Restricted Subsidiary
acquired the property or such other assets, including any acquisition by means
of a merger, amalgamation or consolidation with or into the Company or any of
the Restricted Subsidiaries; provided that such Liens are not created or
incurred in connection with, or in contemplation of, such acquisition,
amalgamation, merger or consolidation; provided, further, any
Liens on assets of a type included in the Borrowing Base (other than on
Equipment and Real Property) by the Credit Parties pursuant to this clause
(viii) shall be junior and subordinate to the Collateral Agent’s Lien
on the Collateral and shall be subject to the Intercreditor Agreement or another
intercreditor agreement on terms substantially similar to those contained in the
Intercreditor Agreement and otherwise reasonably satisfactory to the Collateral
Agent; 

 (x)          Liens
  to secure any modification, refinancing, refunding, extension, renewal or
  replacement (or successive refinancing, refunding, extensions, renewals or
  replacements) as a whole, or in part, of any Indebtedness secured by any Lien
  referred to in the foregoing clauses (vii), (viii), (ix) and this clause (x);
  provided that (a) such new Lien shall be limited to all or part of the
  same property that secured the original Lien (plus accessions, additions and
  improvements on such property (other than (A) after-acquired property that is
  affixed or incorporated into the property covered by such Lien, (B)
  after-acquired property subject to a Lien securing such Indebtedness, the terms
  of which Indebtedness require or include a pledge of after-acquired property (it
  being understood that such requirement shall not be permitted to apply to any
  property to which such requirement would not have applied but for such
  acquisition) and (C) the proceeds and products thereof)), and (b) the
  Indebtedness secured by such Lien at such time is not increased to any amount
  greater than the sum of (i) the outstanding principal amount or, if greater,
  committed amount, of the Indebtedness described under clauses (vii), (viii),
  (ix) and this clause (x) at the time the original Lien became a Permitted Lien
  under this Agreement and (ii) an amount necessary to pay any fees and expenses,
  including original issue discount, upfront fees or similar fees and premiums
  (including tender premiums, and accrued and unpaid interest related to such
modification, refinancing, refunding, extension, renewal or replacement); 

 (xi)         Liens
deemed to exist in connection with Investments in repurchase agreements
permitted under Section 9.05; provided that such Liens do not
extend to any assets other than those that are the subject of such repurchase
agreement; 

 (xii)        any
encumbrance or restriction (including put and call arrangements) with respect to
Capital Stock of any joint venture or similar arrangement pursuant to any joint
venture or similar agreement; 

 (xiii)       Liens
arising out of conditional sale, title retention, consignment or similar
arrangements with vendors for the sale or purchase of goods entered into by the
Company or any Restricted Subsidiary in the ordinary course of business; 

 (xiv)       Liens
solely on any cash earnest money deposits made by the Company or any of the
Restricted Subsidiaries in connection with any letter of intent or purchase
agreement permitted under this Agreement; 

 (xv)        Liens
securing Indebtedness outstanding under the Second
Lien Loan Agreement and the related guarantees thereof (and, if applicable,
the Second Lien Notes Indenture and the Second Lien Notes and
the related guarantees thereof) or
any Refinancing Indebtedness in connection therewith; provided that such
Indebtedness shall (x) be subject to the Intercreditor Agreement and (y) rank
junior in priority to the Liens securing the Obligations; 

 (xvi)       easements,
rights-of-way, encroachments, covenants, conditions, zoning and other
restrictions, minor defects or other irregularities in title, and other similar
encumbrances which, either individually or in the aggregate, are not substantial
in amount, and which do not in any case materially detract from the value of the
property subject thereto or interfere in any material respect with the ordinary
conduct of the businesses of the Company, taken as a whole; 

 (xvii)        any
interest or title of a lessor or sublessor under any lease permitted by this
Agreement and the Security Documents; 

 (xviii)       Liens
arising from UCC, PPSA or other similar financing statement filings regarding
operating leases or consignments entered into by the Company and the Restricted
Subsidiaries in the ordinary course of business or purported Liens evidenced by
the filing of precautionary UCC, PPSA or other similar financing statements or
similar public filings; 

 (xix)         licenses
and sublicenses granted by the Company or a Restricted Subsidiary and leases and
subleases (by the Company or any Restricted Subsidiary as lessor or sublessor)
to third parties in the ordinary course of business not materially interfering
with the business of the Company, taken as a whole; 

 (xx)          Liens
in favor of collecting banks arising by operation of law under Section 4-210 of
the UCC (or equivalent statute) or, with respect to collecting banks located in
the State of New York, under Section 4-208 of the UCC (or equivalent statute);

 (xxi)          Liens
that are contractual rights of set-off or rights of pledge (a) relating to the
establishment of depository relations with banks not given in connection with
the issuance of Indebtedness, (b) relating to pooled deposit or sweep accounts
of the Company or any of the Restricted Subsidiaries to permit satisfaction of
overdraft or similar obligations incurred in the ordinary course of business of
the Company and the Restricted Subsidiaries or (c) relating to purchase orders
and other agreements entered into with customers of the Company or any of the
Restricted Subsidiaries in the ordinary course of business; 

 (xxii)         Liens
in favor of customs and revenue authorities arising as a matter of law which
secure payment of customs duties in connection with the importation of goods in
the ordinary course of business; 

 (xxiii)        Liens
securing financings of insurance premiums, which such Liens attach solely to the
insurance policies financed and the proceeds thereof; 

 (xxiv)        Liens
on brokerage accounts incurred in the ordinary course of business securing
obligations to settle trades made by the Company or any Restricted Subsidiary;

 (xxv)         the
rights reserved to or vested in municipalities or governmental or other public
authorities or agencies by statutory provisions or by the terms of leases,
licenses, franchises, grants or permits, which affect any land to terminate any
such leases, licenses, franchises, grants or permits or to require annual or
other payments as a condition to the continuance thereof; 

 (xxvi)        deposits
with public utilities or to any municipalities or governmental or other public
authorities when required by the utility, municipality, governmental or other
public authority in connection with the supply of services or utilities to the
Company or any Restricted Subsidiary; 

 (xxvii)       Liens
on assets of non-Credit Parties to solely secure Indebtedness of non-Credit
Parties permitted pursuant to Section 9.04(xxiv); 

 (xxviii)       Liens
in favor of the Company or any Restricted Subsidiary subject to the requirement
to deliver a Subordinated Intercompany Note to the extent required by clauses
(vii) or (viii) of Section 9.04; 

 (xxix)         Liens
on Investment Cash Equivalents or other property (other than Investment Cash
Equivalents or property constituting Collateral) arising in connection with the
defeasance or discharge of Indebtedness; provided that such defeasance or
discharge is not prohibited by this Agreement; 

 (xxx)          customary
Liens granted in favor of a trustee to secure fees and other amounts owing to
such trustee under an indenture or other agreement pursuant to which
Indebtedness not prohibited by this Agreement is issued; 

 (xxxi)          other
Liens securing obligations in an aggregate amount not to exceed, as of the date
incurred (and taking into account any other Liens incurred under this clause
(xxxi) and outstanding on such date), the greater of (A) $20,000,000 and (B)
1.60 % of Consolidated Total Assets, measured as of the date such Lien is
Incurred based upon the Section 8.01 Financials most recently delivered on or
prior to the date such Lien is Incurred; provided that if the Liens
incurred under this clause (xxxi) secure obligations secured by the Collateral
(other than Investment Cash Equivalents), then the Liens on the Collateral
securing such obligations shall (x) rank junior to the Liens securing the
Obligations and (y) shall be subject to the Intercreditor Agreement or another
intercreditor agreement reasonably satisfactory in form and substance to the
Administrative Agent; 

 (xxxii)         Liens
solely on specific items of inventory or other goods and proceeds of any Person
securing such Person’s accounts payable or similar trade obligations in respect
of bankers’ acceptances or documentary letters of credit issued or created for
the account of such Person to facilitate the purchase, shipment or storage of
such inventory or other goods; 

 (xxxiii)        Liens
on Equipment of the Company or any of the Restricted Subsidiaries granted in the
ordinary course of business to the Company’s clients; 

 (xxxiv)        Liens
encumbering reasonable customary deposits and margin deposits and similar Liens
attaching to commodity trading accounts or other brokerage accounts incurred in
the ordinary course of business and not for speculative purposes; 

 (xxxv)         ground
leases in respect of real property on which facilities owned or leased by the
Company or any of its Subsidiaries are located; 

 (xxxvi)        Liens
on Capital Stock of an Unrestricted Subsidiary that secure Indebtedness or other
obligations of such Unrestricted Subsidiary; and (xxxvii) Liens on cash advances
in favor of the seller of any property to be acquired in an Investment permitted
under this Agreement to be applied against the purchase price for such
Investment. 

For purposes of this Section
9.01, “Indebtedness” shall be deemed to include interest on such
Indebtedness. For purposes of determining compliance with this Section
9.01, (a) Permitted Liens need not be incurred solely by reference to one
category of Permitted Liens described above but are permitted to be incurred in
part under any combination thereof and (b) in the event that a Lien (or any
portion thereof) meets the criteria of one or more categories of Permitted Liens
described above, the Company shall, in its sole discretion, classify (or later reclassify)
such item of Permitted Liens (or any portion thereof) in any manner that
complies with this Section 9.01 and will only be required to include the
amount and type of such item of Permitted Liens in one of the above clauses and
such Lien will be treated as having been incurred pursuant to only one of such
clauses. 

In connection with the granting
  of Liens of the type described in this Section 9.01 by the Company and
  any Restricted Subsidiary, the Administrative Agent shall, and shall be
  authorized to, take any actions deemed appropriate by it in connection therewith
  (including, without limitation, by executing appropriate lien releases or lien
  subordination agreements in favor of the holder or holders of such Liens, in
  either case solely with respect to the item or items of equipment or other
assets subject to such Liens). 

9.02.       Asset
Sales. Each of the Company and any Restricted Subsidiary shall not
consummate an Asset Sale, except the Company and any Restricted Subsidiary may
dispose any of its assets or property, so long as (w) a new Borrowing Base
Certificate is delivered substantially concurrently with the closing of any
Significant Asset Sale, (x) no Event of Default has occurred and is continuing,
or would result therefrom, on the date that the definitive documentation with
respect to such Asset Sale is executed, (y) each such sale the Company or such
Restricted Subsidiary, as the case may be, receives consideration at the time of
such Asset Sale at least equal to the Fair Market Value (such Fair Market Value
to be determined by the Company at the time the Company or such Restricted
Subsidiary contractually agrees to such Asset Sale) of the assets sold or
otherwise disposed of and (z) except in the case of a Permitted Asset Swap
(subject to the next paragraph), at least 75% of the consideration received by
the Company or such Restricted Subsidiary, on a per transaction basis, shall be
in the form of Investment Cash Equivalents (taking into account the amount of
Investment Cash Equivalents, the principal amount of any promissory notes and
the Fair Market Value, as determined by the Company, in good faith, of any other
consideration) and is paid at the time of the closing of such disposition;
provided, however, that for purposes of this clause (z), the
following shall be deemed to be Investment Cash Equivalents: (A) any liabilities
(as shown on Company’s or such Restricted Subsidiary’s most recent balance sheet
provided hereunder or in the footnotes thereto, or, if incurred or increased
subsequent to the date of such balance sheet, such liabilities that would have
been shown on the Company’s or such Restricted Subsidiary’s balance sheet or in
the footnotes thereto if such incurrence or increase had taken place on or prior
to the date of such balance sheet, as determined by the Company) of the Company
or such Restricted Subsidiary (other than liabilities that are by their terms
subordinated to the Obligations) that are assumed by the transferee with respect
to the applicable disposition and for which the Company and the Restricted
Subsidiaries shall have been validly released by all applicable creditors or
indemnified in writing, (B) any securities, notes or other obligations or assets
received by the Company or such Restricted Subsidiary from such transferee that
are converted by the Company or such Restricted Subsidiary into Investment Cash
Equivalents (to the extent of the Investment Cash Equivalents received in the
conversion) within 180 days following the closing of the applicable Asset Sale,
and (C) any Designated Non-Cash Consideration received by the Company or any
Restricted Subsidiary in such Asset Sale having an aggregate Fair Market Value,
taken together with all other Designated Non-Cash Consideration received
pursuant to this clause (y), not to exceed, as of the date of receipt (and
taking into account all other Designated Non-Cash Consideration received under
this clause (y) and then outstanding on such date), the greater of (A)
$25,000,000 and (B) 2.00% of Consolidated Total Assets measured on the date of
receipt of such Designated Non-Cash Consideration based upon the Section 8.01
Financials most recently delivered on or prior to the date of the receipt of
such Designated Non-Cash Consideration (with the Fair Market Value of each item
of Designated Non-Cash Consideration being measured at the time received and
without giving effect to subsequent changes in value).

The Permitted Asset Swaps
referenced in clause (z) of the preceding paragraph shall only be permitted
under this Agreement, and be exempted from the 75% Investment Cash Equivalents
consideration requirement in such clause (z), only if an updated Borrowing Base
Certificate is delivered to the Administrative Agent concurrently with the consummation
of such Permitted Asset Swap, which adjusts the most recent Borrowing Base
Certificate delivered to the Administrative Agent pursuant to Section
8.15(a) as necessary to reflect the impact of any Permitted Asset Swap of
Eligible Fee-Owned Real Property and/or Eligible Equipment that was part of the
Borrowing Base immediately prior to such Permitted Asset Swap. For the avoidance
of doubt, no new Eligible Fee-Owned Real Property and/or Eligible Equipment
received in exchange for existing Eligible Fee-Owned Real Property and/or
Eligible Equipment of the Credit Parties will be included in the Borrowing Base
unless and until a Fixed Asset Reappraisal Event occurs pursuant to Section
8.02(d). 

9.03.       Restricted
Payments and Restricted Junior Debt Payments.

(a)          Each
of the Company and any Restricted Subsidiary shall not: 

 (i)          declare
or pay any dividend or make any payment or distribution on account of the
Company’s or any of the Restricted Subsidiaries’ Equity Interests, including any
dividend or distribution payable in connection with any merger, amalgamation or
consolidation, other than: 

(A)          dividends
or distributions by the Company or any Restricted
Subsidiary payable solely in Equity Interests (other than
Disqualified Stock) of the Company or any Restricted
Subsidiary; 

(B)          dividends,
payments or distributions by a Restricted Subsidiary so long as, in the case of
any dividend, payment or distribution payable on or in respect of any class or
series of securities issued by a Restricted Subsidiary other than a Wholly-Owned
Subsidiary, the Company or a Restricted Subsidiary receives at least its pro
rata share of such dividend or distribution in accordance with its Equity
Interests in such class or series of securities; 

 (ii)         purchase,
redeem, defease or otherwise acquire or retire for value any Equity Interests of
the Company, including in connection with any merger, amalgamation or
consolidation;  

(as such payments and other actions set forth in clauses (i)
through (ii) above (other than any exceptions thereto) being collectively
referred to as “Restricted Payments”);

 (iii)        make
any Restricted Junior Debt Prepayment; or 

 (iv)        make
any Restricted Investment, with the only exception under this covenant being
clause (xi) of Section 9.03(b).

(b)          Section
9.03(a) shall not prohibit: 

 (i)          (a)
the redemption, repurchase, defeasance, retirement or other acquisition of any
Equity Interests (“Treasury Capital Stock”) or Junior Debt of the Company
or any Restricted Subsidiary, in exchange for, or out of the proceeds of the
substantially concurrent sale or issuance (other than to a Restricted
Subsidiary) of, Equity Interests of the
Company or any Restricted Subsidiary to the
extent contributed to the Company or such Restricted
Subsidiary (in each case, other than any Disqualified Stock)
(“Refunding Capital Stock”) and (b) the declaration and payment of
dividends on Treasury Capital Stock out of the proceeds of the substantially
concurrent sale or issuance (other than to a Subsidiary of the Company or to an
employee stock ownership plan or any trust established by the Company or any
of its Subsidiaries) of Refunding Capital Stock; 

 (ii)          the
  prepayment, redemption, defeasance, repurchase, exchange or other acquisition or
  retirement of (1) Junior Debt of the Company, any Borrower or any Subsidiary
  Guarantor made by exchange for, or out of the proceeds of a substantially
  concurrent sale of, new Indebtedness of the Company, any Borrower or any
  Subsidiary Guarantor or (2) Disqualified Stock of the Company, any Borrower or
  any Subsidiary Guarantor made by exchange for, or out of the proceeds of a
  substantially concurrent sale of, new Indebtedness of the Company, any Borrower
  or any Subsidiary Guarantor that, in each case, is Incurred in compliance with
Section 9.04, so long as: 

(A)          the
principal amount (or accreted value, if applicable) of such new Indebtedness or
the liquidation preference of such new Disqualified Stock does not exceed the
principal amount of (or accreted value, if applicable), plus any accrued and
unpaid interest on, the Junior Debt or the liquidation preference of, plus any
accrued and unpaid dividends on, the Disqualified Stock being so prepaid,
defeased, redeemed, repurchased, exchanged, acquired or retired for value, plus
the amount of any reasonable premium to be paid (including reasonable tender
premiums), defeasance costs and any fees and expenses incurred in connection
with the issuance of such new Indebtedness or Disqualified Stock; 

(B)          (x)
if the Junior Debt was subordinated to the Obligations, then such new
Indebtedness shall be subordinated to the Obligations at least to the same
extent as such Junior Debt so purchased, exchanged, redeemed, defeased,
repurchased, exchanged, acquired or retired, (y) if the Junior Debt was secured
by a Lien, then such new Indebtedness shall not be secured by a Lien on assets
senior in priority to the Liens securing such Junior Debt so purchased,
exchanged, redeemed, defeased, repurchased, exchanged, acquired or retired and
(z) if the Junior Debt was unsecured, then such new Indebtedness shall be
unsecured; 

(C)          such
new Indebtedness or Disqualified Stock has a final scheduled maturity date or
final mandatory redemption date equal to or later than the final scheduled
maturity date of the Junior Debt or Disqualified Stock being so redeemed,
defeased, repurchased, exchanged, acquired or retired (or, if earlier, the date
that is 91 days after the maturity date of the Obligations); and 

(D)          such
new Indebtedness or Disqualified Stock has a Weighted Average Life to Maturity
equal to or greater than the remaining Weighted Average Life to Maturity of the
Junior Debt or Disqualified Stock being so redeemed, defeased, repurchased,
exchanged, acquired or retired (or requires no or nominal payments in cash prior
to the date that is 91 days after the maturity date of the Obligations). 

 (iii)         any
Restricted Payment to pay for the repurchase, redemption, retirement or other
acquisition or retirement for value of Equity Interests (other than Disqualified
Stock) of the Company held by any future, present or former employee, director,
officer, manager or consultant (including trustees, administrators, executors,
powers of attorney, heirs, assignees, estates and beneficiaries of any of the
foregoing) of the Company or any of its Restricted Subsidiaries pursuant to any
management equity plan or stock option plan or any other management or employee
benefit plan or agreement or arrangement, or any stock subscription or
shareholder agreement (including, for the avoidance of doubt, any principal and
interest payable on any notes issued by the Company in connection with such repurchase,
retirement or other acquisition) including any Equity Interest rolled over or
purchased by management, directors or employees of the Company in connection
with the Transactions; provided that the aggregate amount of Restricted
Payments made under this clause does not exceed $5,000,000 in any fiscal year
following the Closing Date (with unused amounts in any fiscal year being carried
over to the next succeeding fiscal year); provided further that
such amount in any fiscal year may be increased by an amount not to exceed (A)
the cash proceeds from the sale of Equity Interests (other than Disqualified
Stock) of the Company to any future, present or former employee, director,
officer, manager or consultant (including trustees, administrators, executors,
powers of attorney, heirs, assignees, estates and beneficiaries of any of the
foregoing) of the Company or any of its Subsidiaries that occurs after the
Closing Date, to the extent the cash proceeds from the sale of such Equity
Interests have not otherwise been applied to the payment of Restricted Payments
by virtue of this Section 9.03; plus (B) the cash
proceeds of key man life insurance policies received by the Company or the
Restricted Subsidiaries after the Closing Date; less (C) the
amount of any Restricted Payments previously made with the cash proceeds
described in clauses (A) and (B) of this clause (iii); and provided further that (x) cancellation of Indebtedness owing to the Company or any
of the Restricted Subsidiaries from any future, present or former employee,
director, officer, manager or consultant (including trustees, administrators,
executors, powers of attorney, heirs, assignees, estates and beneficiaries of
any of the foregoing) of the Company or any of its Subsidiaries in connection
with a repurchase of Equity Interests of the Company and (y) the repurchase of
Equity Interests deemed to occur upon the exercise of options, warrants or
similar instruments if such Equity Interests represents all or a portion of the
exercise price thereof or payments, in lieu of the issuance of fractional Equity
Interests or withholding to pay other taxes payable in connection therewith, in
the case of each of clauses (x) and (y), shall not be deemed to constitute a
Restricted Payment for purposes of this Section 9.03 or any other provision of
this Agreement; 

(iv)         payments of cash, dividends, distributions,
  advances or other Restricted Payments by the Company or any Restricted
  Subsidiary to allow the payment of cash in lieu of the issuance of fractional
shares; 

 (v)          reasonable
and customary indemnities to directors, officers and employees in the ordinary
course of business; 

 (vi)         payments
made or expected to be made by the Company or any Restricted Subsidiary in
respect of withholding or similar taxes payable upon the exercise of Equity
Interests by any future, present or former employee, director, officer, manager
or consultant and any repurchases of Equity Interests deemed to occur upon
exercise of stock options or warrants or other convertible, exchangeable or
exercisable instruments if such Equity Interests represent a portion of the
exercise price of such instruments or required withholding or similar taxes;

 (vii)        the
Company or any Subsidiary may make payments of dividends on Disqualified Stock
or Preferred Stock issued in accordance with Section 9.04; 

 (viii)       the
payment of any dividend or other distribution or the consummation of any
irrevocable redemption within 60 days after the date of declaration of the
dividend or other distribution or giving of the redemption or prepayment notice,
as the case may be, if at the date of declaration or notice, the dividend or
other distribution or redemption payment or prepayment would have complied with
the provisions of Section 9.03; provided that it is understood
that the Administrative Agent, in its Permitted Discretion, may establish a
Reserve during such 60-day period in an amount not to exceed the amount of such declared
but unpaid dividend or distribution; 

 (ix)         any
  Restricted Payment (including dividends and other payments in respect of Capital
  Stock) or Restricted Junior Debt Prepayment; provided that the
  Distribution Conditions are satisfied both before and after giving effect to
such Restricted Payment or Restricted Junior Debt Prepayment; 

 (x)          any
Restricted Payment or Restricted Junior Debt Prepayments with the Available
Equity Amount Basket; and 

 (xi)         other
Restricted Payments, Restricted Junior Debt Prepayments and Restricted
Investments in an aggregate amount, as of the date made, taken together with any
other Restricted Payments made pursuant to this clause (xi) (in the case of
Restricted Investments incurred under this clause (xi) and outstanding on such
date (without giving effect to the sale of an Investment to the extent the
proceeds of such sale do not consist of, or have not been subsequently sold or
transferred for, cash or Investment Cash Equivalents)) and Restricted Junior
Debt Prepayments made pursuant to under this clause (xi), following the Closing
Date, not to exceed $20,000,000. 

9.04.      
Indebtedness. Each of the Company and any Restricted Subsidiary shall
not, directly or indirectly, Incur any Indebtedness or issue any Disqualified
Stock and each Restricted Subsidiary that is not a Credit Party shall not issue
Preferred Stock, except: 

 (i)          Indebtedness
incurred pursuant to this Agreement and the other Credit Documents; 

 (ii)         unsecured
Indebtedness and secured Indebtedness ranking junior in Lien priority to the
Liens securing the Obligations and any Disqualified Stock and Preferred Stock
(any of the foregoing, “Junior Debt”); provided that (A) after
giving effect to the Incurrence of any such Junior Debt, the Consolidated
Secured Leverage Ratio of the Company is less than 5.00:1.00, (B) any such
Junior Debt does not mature prior to the date that is 91 days after the Maturity
Date; provided that, if the amortization schedule of any such Junior Debt
requires annual principal payments exceeding the Amort Cap prior to the date
that is 91 days after the Maturity Date, then the Administrative Agent shall
have the right, in its Permitted Discretion in accordance with Section
2.22, to establish Amortization Reserves with respect to amortization
payments in excess of the Amort Cap against the assets included in the Borrowing
Base on the date that is 91 days prior to each due date of such Junior Debt
amortization payments, (C) if such Junior Debt is Incurred or guaranteed by a
non-Credit Party, the aggregate amount such Junior Debt Incurred or guaranteed
by a non-Credit Party pursuant to this Section 9.04(ii) shall not exceed,
as of the date of such Incurrence (and taking into account any other
Indebtedness Incurred under this clause (C) and then outstanding), the greater
of (x) $25,000,000 and (y) 2.00% of Consolidated Total Assets, measured as of
the date of such Incurrence based upon the Section 8.01 Financials most recently
delivered on or prior to the date of such Incurrence, and (D) if such Junior
Debt is secured by the Collateral, then the Liens on any Collateral securing
such Junior Debt shall be permitted pursuant to Section 9.01(vi) or
(xxxi) (the conditions in clauses (B) through (D) are herein referred to
as the “Junior Debt Conditions”); 

 (iii)        Indebtedness
incurred pursuant to the Second Lien Loan Agreement
or the Second Lien Notes Indenture (and any guarantees
of either thereof) and any
Refinancing Indebtedness thereof (including,
for the avoidance of doubt,
any refinancing of Indebtedness incurred pursuant to the Second
Lien Loan Agreement into any exchange notes contemplated
thereby); 

 (iv)         Indebtedness
  of the Company and the Restricted Subsidiaries in existence on the Closing Date
and listed on Schedule 9.04(iv) (“Existing Indebtedness”); 

 (v)          Indebtedness
(including Capitalized Lease Obligations and Purchase Money Obligations) and
Disqualified Stock Incurred or issued by the Company or any Restricted
Subsidiary and Preferred Stock issued by any Restricted Subsidiary, to finance
the purchase, restoration, lease or improvement of property (real or personal),
equipment or other assets, including assets that are used or useful in a Similar
Business, within 270 days of such purchase, restoration, lease or improvement,
whether through the direct purchase of assets or the Capital Stock of any Person
owning such assets in an aggregate principal amount, together with any
Refinancing Indebtedness incurred to refinance any other Indebtedness incurred
under this clause (v), not to exceed, as of the date of such Incurrence (and
taking into account any other Indebtedness Incurred under this clause (v) and
then outstanding), the greater of (A) $35,000,000 and (B) 2.70% of Consolidated
Total Assets, measured as of the date of such Incurrence or issuance based upon
the Section 8.01 Financials most delivered ended on or prior to the date of such
Incurrence or issuance; 

 (vi)         Indebtedness
Incurred by the Company or any of the Restricted Subsidiaries constituting
reimbursement obligations with respect to letters of credit issued in the
ordinary course of business, bank guarantees, workers’ compensation claims,
self-insurance obligations, bankers’ acceptances, warehouse receipts,
guarantees, statutory, export or import indemnities, customs, revenue bonds or
similar instruments issued or created, including letters of credit in respect of
workers’ compensation claims, health, disability or other employee benefits or
property, casualty or liability insurance or self-insurance or other
Indebtedness with respect to reimbursement type obligations regarding workers’
compensation claims, health, disability or other employee benefits or property,
casualty or liability insurance or self-insurance; provided that upon the
drawing of such letters of credit or the incurrence of such Indebtedness, such
obligations are reimbursed within 30 Business Days following such drawing or
incurrence; 

 (vii)        Indebtedness
of the Company to a Restricted Subsidiary; provided that any such
Indebtedness owing to a Restricted Subsidiary that is not a Credit Party is
subordinated in right of payment to the Guarantee by the Company (including
pursuant to the Subordinated Intercompany Note) (for the avoidance of doubt, any
such Indebtedness owing to a Restricted Subsidiary that is not a Credit Party
shall be deemed to be expressly subordinated in right of payment to the
Guarantee by the Company unless the terms of such Indebtedness expressly provide
otherwise); provided, further, that any subsequent issuance or
transfer of any Capital Stock or any other event which results in any such
Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other
subsequent transfer of any such Indebtedness (except to the Company or another
Restricted Subsidiary or any pledge of such Indebtedness constituting a
Permitted Lien (but not foreclosure thereon)) shall be deemed, in each case, to
be an incurrence of such Indebtedness not permitted by this clause (vii); 

 (viii)       Indebtedness
of a Restricted Subsidiary to the Company or another Restricted Subsidiary;
provided that if a Credit Party incurs such Indebtedness to a Restricted
Subsidiary that is not a Credit Party, such Indebtedness is subordinated in
right of payment to the Obligations (including pursuant to the Subordinated
Intercompany Note) (for the avoidance of doubt, any such Indebtedness owing to a
Restricted Subsidiary that is not a Credit Party shall not be deemed to be
expressly subordinated in right of payment to the Obligations, unless the terms
of such Indebtedness expressly provide otherwise);
provided, further, that any subsequent transfer of any such
Indebtedness (except to the Company or another Restricted Subsidiary or any
pledge of such Indebtedness constituting a Permitted Lien (but not foreclosure
thereon)) shall be deemed, in each case, to be an incurrence of such
Indebtedness not permitted by this clause (viii); 

 (ix)         shares
  of Preferred Stock of a Restricted Subsidiary issued to the Company or another
  Restricted Subsidiary; provided that any subsequent issuance or transfer
  of any Capital Stock or any other event which results in any such Restricted
  Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent
  transfer of any such shares of Preferred Stock (except to the Company or another
  of the Restricted Subsidiaries) or any pledge of such Capital Stock constituting
  a Permitted Lien (but not foreclosure thereon) shall be deemed, in each case, to
  be an issuance of such shares of Preferred Stock not permitted by this clause
(ix); 

 (x)          Hedging
Obligations (excluding Hedging Obligations entered into for speculative
purposes) and other Bank Product Debt; 

 (xi)         the
Incurrence by the Company or any Restricted Subsidiary of Indebtedness, the
issuance by the Company or any Restricted Subsidiary of Disqualified Stock or
the issuance by any Restricted Subsidiary of Preferred Stock which serves to
extend, replace, refund, refinance, renew or defease any Indebtedness Incurred
or Disqualified Stock or Preferred Stock issued as permitted under clauses (ii),
(iii) and (iv) of this Section 9.04 and this clause (xi) and clause (xxv) of
this Section 9.04, or any Indebtedness Incurred or Disqualified Stock or
Preferred Stock issued to so extend, replace, refund, refinance, renew or
defease such Indebtedness, Disqualified Stock or Preferred Stock including
additional Indebtedness Incurred to pay premiums (including reasonable tender
premiums), defeasance costs, accrued interest and fees and expenses in
connection therewith (the “Refinancing Indebtedness”) prior to its
respective maturity; provided that such Refinancing Indebtedness (A) has
a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is
incurred which is not less than the remaining Weighted Average Life to Maturity
of the Indebtedness, Disqualified Stock or Preferred Stock being extended,
replaced, refunded, refinanced, renewed or defeased (or requires no or nominal
payments in cash prior to the date that is 91 days after the Latest Maturity
Date), (B) to the extent such Refinancing Indebtedness extends, replaces,
refunds, refinances, renews or defeases (i) Indebtedness subordinated in right
of payment to the Revolving Loans, such Refinancing Indebtedness is subordinated
in right of payment to the Revolving Loans at least to the same extent as the
Indebtedness being extended, replaced, refunded, refinanced, renewed or defeased
or (ii) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness
must be Disqualified Stock or Preferred Stock, respectively; and (C) shall not
include (i) Indebtedness, Disqualified Stock or Preferred Stock of a Restricted
Subsidiary that is not a Credit Party that refinances Indebtedness, Disqualified
Stock or Preferred Stock of a Credit Party; or (ii) Indebtedness or Disqualified
Stock of the Company or Indebtedness, Disqualified Stock or Preferred Stock of a
Restricted Subsidiary, in either case, that refinances Indebtedness,
Disqualified Stock or Preferred Stock of an Unrestricted Subsidiary; 

 (xii)        (A)
any guarantee by a Credit Party of Indebtedness or other obligations of any
other Credit Party so long as the incurrence of such Indebtedness incurred by
such other Credit Party is permitted under the terms of this Agreement, or (B)
any guarantee by a Restricted Subsidiary that is not a Credit Party of
Indebtedness of a Credit Party; 

 (xiii)       (A)
Indebtedness consisting of Indebtedness issued by the Company or any of the
Restricted Subsidiaries to future, present or former employees, directors,
officers, managers and consultants thereof (including trustees, administrators,
executors, powers of attorney, heirs, assignees, estates and beneficiaries), in each
case to finance the purchase or redemption of Equity Interests of the Company to
the extent described in clause (iii) of Section 9.03 or (B) Indebtedness
representing deferred compensation to employees of the Company or any of the
Restricted Subsidiaries incurred in the ordinary course of business; 

 (xiv)         Indebtedness
  or Disqualified Stock of the Company and Indebtedness, Disqualified Stock or
  Preferred Stock of any other Credit Party not otherwise permitted hereunder in
  an aggregate principal amount or liquidation preference which, when aggregated
  with the principal amount and liquidation preference of all other Indebtedness
  then outstanding and Incurred pursuant to this clause (xiv), does not at any one
  time outstanding exceed, as of the date of such Incurrence, the greater of (A)
  $30,000,000 and (B) 2.40% of Consolidated Total Assets measured as of the date
  of such Incurrence or issuance based upon the Section 8.01 Financials most
recently delivered on or prior to the date of such Incurrence or issuance; 

 (xv)          Indebtedness
arising from agreements of the Company or the Restricted Subsidiaries providing
for indemnification, adjustment of purchase price, earnouts or similar
obligations, in each case, incurred or assumed in connection with the
acquisition or disposition of any business, assets or a Subsidiary, other than
guarantees of Indebtedness incurred by any Person acquiring all or any portion
of such business, assets or a Subsidiary for the purpose of financing such
acquisition; provided, however, that the maximum assumable
liability in respect of all such Indebtedness shall at no time exceed the gross
proceeds including non-cash proceeds (the Fair Market Value of such non-cash
proceeds being measured at the time received and without giving effect to any
subsequent changes in value) actually received by the Company and the Restricted
Subsidiaries in connection with such disposition; 

 (xvi)         obligations
in respect of self-insurance and performance, bid, appeal and surety bonds and
performance and completion guarantees and similar obligations provided by the
Company or any of the Restricted Subsidiaries in the ordinary course of business
or consistent with past practice; 

 (xvii)        Indebtedness
arising from the honoring by a bank or other financial institution of a check,
draft or similar instrument drawn against insufficient funds; provided
that such Indebtedness is extinguished within ten Business Days of its
incurrence; 

 (xviii)       Indebtedness
of the Company or any of the Restricted Subsidiaries consisting of (i) the
financing of insurance premiums or (ii) take-or-pay obligations contained in
supply arrangements in each case, incurred in the ordinary course of business;

 (xix)         Indebtedness
incurred on behalf of, or representing guarantees of Indebtedness of, joint
ventures of the Company or any Restricted Subsidiary not in excess, at any one
time outstanding, of $7,500,000; 

 (xx)          obligations
or commitments to public utilities or to any municipalities or governmental or
other public authorities in connection with the maintenance of or supply of
services or utilities to the Company or any Restricted Subsidiary; 

 (xxi)         endorsement
of instruments or other payment items by the Company or any Restricted
Subsidiary for deposit; 

 (xxii)          to
the extent constituting Indebtedness, customer deposits and advance payments
(including progress premiums) received in the ordinary course of business from
customers for goods purchased in the ordinary course of business; 

 (xxiii)          Indebtedness
incurred by a Restricted Subsidiary in connection with bankers’ acceptances or
discounted bills of exchange for credit management purposes, in each case
incurred or undertaken consistent with past practice or in the ordinary course
of business on arm’s length commercial terms; 

 (xxiv)         the
Incurrence of Indebtedness of Restricted Subsidiaries of the Company that are
not Credit Parties in an amount outstanding under this clause (xxiv) not to
exceed, determined as of the date of such Incurrence and taking into account any
other Indebtedness Incurred under this clause (xxiv) and then outstanding, the
greater of (A) $10,000,000 and (B) 0.80% of Consolidated Total Assets measured
as of the date of such Incurrence or issuance based upon the Section 8.01
Financials most recently delivered on or prior to the date of such Incurrence or
issuance; 

 (xxv)          Junior
Debt subject to compliance with the Investment and Junior Debt Incurrence
Conditions; 

 (xxvi)         any
Indebtedness arising under guarantees entered into pursuant to Section 2:403 of
the Dutch Civil Code in respect of a Dutch Subsidiary and any residual liability
with respect to such guarantees arising under Section 2:404 of the Dutch Civil
Code; 

 (xxvii)        any
joint and several liability arising as a result of (the establishment) of a
Dutch fiscal unity (Nederlandse fiscale eenheid) between a Dutch Credit
Party and one or more of its subsidiaries or its equivalent in any other
relevant jurisdiction. 

For purposes of determining compliance with this Section
9.04, (1) in the event that an item of Indebtedness, Disqualified Stock or
Preferred Stock (or any portion thereof) meets the criteria of more than one of
the categories of permitted Indebtedness, Disqualified Stock or Preferred Stock
described in clauses (i) through (xxvii) of this Section 9.04, the
Company, in its sole discretion, may classify (but not reclassify) such item of
Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) as
one or more types of Indebtedness described in the above clauses;
provided that the Company will be entitled to divide and classify an item
of Indebtedness in more than one of the types of Indebtedness described under
this Section 9.04. 

Accrual of interest or dividends, the accretion of accreted
value, the accretion or amortization of original issue discount and the payment
of interest or dividends in the form of additional Indebtedness, Disqualified
Stock or Preferred Stock, as the case may be, shall not be deemed to be an
Incurrence or issuance of Indebtedness, Disqualified Stock or Preferred Stock
for purposes of this Section 9.04 or Section 9.01 hereof. Any
Refinancing Indebtedness and any Indebtedness permitted to be incurred under
this Agreement to refinance Indebtedness Incurred pursuant to clauses (ii),
(iii), (iv), (xiv) and (xxv) of this Section 9.04 shall be deemed to
include additional Indebtedness, Disqualified Stock or Preferred Stock Incurred
to pay premiums (including reasonable tender premiums), defeasance costs, fees
and expenses in connection with such refinancing. 

Notwithstanding anything to the contrary, no Credit Party
shall, directly or indirectly, Incur any Indebtedness that is contractually
subordinated or junior in right of payment to any Indebtedness of the such
Credit Party unless such Indebtedness is expressly subordinated in right of
payment to the Obligations to the extent and in the same manner as such
Indebtedness is subordinated to other Indebtedness of such Credit Party. 

No Credit Party shall incur any Indebtedness owing directly to
  ING Bank N.V. or Deutsche Bank AG, Amsterdam Branch, that is subject to their
  respective “General Banking Conditions” (Algemene Bankvoorwaarden) or
  that is secured by any right of pledge established pursuant to such General
  Banking Conditions, except any such Indebtedness that is outstanding (whether
  contingent or not) on and as of the Closing Date or arises in respect of
transactions that are outstanding on and as of the Closing Date. 

9.05.      
Investments. Each of the Company and any Restricted Subsidiary shall not,
directly or indirectly, make any Investment (other than any Restricted
Investment permitted to be made pursuant to Section 9.03), except that
the following Investments shall be permitted (each, a “Permitted
Investment”): 

(i)          any Investment in the Company or any other
Credit Party; 

(ii)         any Investment by any Restricted Subsidiary
that is not a Credit Party in any other Restricted Subsidiary that is not a
Credit Party;

(iii)        any Investment in Investment Cash Equivalents or
Investment Grade Securities; 

(iv)        any Investment subject to compliance with the
Investment and Junior Debt Incurrence Conditions on a pro forma basis after
giving effect to such Investment; 

(v)         any Investments in Restricted Subsidiaries that
are not Credit Parties in an aggregate amount, measured at the time such
Investment is made (and valued at the Fair Market Value thereof at the time
made), that would not exceed the sum of (I) the greater of (x) $25,000,000 and
(y) 2.00% of Consolidated Total Assets, measured as of the date of such
Incurrence based upon the Section 8.01 Financials most recently delivered on or
prior to the date of such Investment minus (II) the aggregate amount,
measured at the time such Investment is made, of all Investments (valued at the
Fair Market Value of such Investments at the time such Investments are made)
made pursuant the proviso to Section 9.05(vi); provided, however,
that if any Investment pursuant to this clause (v) is made in any Person that is
not a Credit Party at the date of the making of such Investment and such Person
becomes a Credit Party after such date, such Investment shall thereafter be
deemed to have been made pursuant to clause (i) above and shall cease to have
been made pursuant to this clause (v)); provided, further, that,
notwithstanding the foregoing, any Investment in Subsidiaries that are not
Credit Parties shall be permitted without restriction so long as (x) such
Investments are part of a series of transactions that results in all proceeds of
the intercompany Investments being invested substantially contemporaneously in
(or distributed to) any Borrower or any Guarantor or (y) such Investments
constitute intercompany Investments, reorganizations and related activities
related to tax planning and reorganization so long as after giving effect
thereto, the Lien of the Secured Creditors on the Collateral, taken as a whole,
is not impaired in any material respect (it being understood that the
contribution of the Equity Interests of one or more “first-tier” Foreign
Subsidiaries to a newly created “first-tier” Foreign Subsidiary shall be
permitted); 

(vi)        Permitted Acquisitions; provided that the
aggregate amount of Permitted Acquisition Consideration relating to all such
Permitted Acquisitions made or provided by a Credit Party to acquire any
Restricted Subsidiary that does not become a Credit Party or merge, consolidate
or amalgamate into a Credit Party or any assets that shall not, immediately
after giving pro forma effect to such Permitted Acquisition, be owned by a
Credit Party, shall not exceed (A) the greater of (x) $25,000,000 and (y) 2.00%
of Consolidated Total Assets, measured as of the date of such Investment based upon the Section 8.01
Financials most recently delivered on or prior to the date of such Investment
  minus (B) the aggregate amount, measured at the time such Investment is
made, of all Investments (valued at the Fair Market Value of such Investments at
the time such Investments are made) made pursuant to Section 9.05(v); provided, however, that if any Investment pursuant to this clause
(vi) is made in any Person that is not a Credit Party at the date of the making
of such Investment and such Person becomes a Credit Party after such date, such
Investment shall thereafter be deemed to have been made pursuant to clause (i)
above and shall cease to have been made pursuant to this clause (vi); 

(vii)        any Investment in securities or other assets,
  including earnouts not constituting Investment Cash Equivalents or Investment
  Grade Securities and received in connection with an Asset Sale made pursuant to
  Section 9.02 or any other disposition of assets not constituting an Asset
Sale; 

(viii)       any Investment existing on the Closing Date and listed
on Schedule 9.05(viii) or made pursuant to binding commitments in effect
on the Closing Date or an Investment consisting of any extension, modification
or renewal of any such Investment or binding commitment existing on the Closing
Date; provided that the amount of any such Investment may be
increased in such extension, modification or renewal only (i) as required by the
terms of such Investment or binding commitment as in existence on the Closing
Date (including as a result of the accrual or accretion of interest or original
issue discount or the issuance of pay-in-kind securities) or (ii) as otherwise
permitted under this Agreement; 

(ix)          Hedging Obligations and Secured Bank Product
Obligations permitted under Section 9.04(x); 

(x)          any Investment in a Similar Business, an
Unrestricted Subsidiary or a joint venture having an aggregate Fair Market Value
taken together with all other Investments made pursuant to this clause (x) that
are at that time outstanding, not to exceed, as of the date such Investment is
made, $20,000,000 (in each case, determined on the date such Investment is made,
with the Fair Market Value of each Investment being measured at the time made
and without giving effect to subsequent changes in value); provided,
however, that if any Investment pursuant to this clause (x) is made in
any Person that is not a Credit Party at the date of the making of such
Investment and such Person becomes a Credit Party after such date, such
Investment shall thereafter be deemed to have been made pursuant to clause (i)
above and shall cease to have been made pursuant to this clause (x); 

(xi)          guarantees of Indebtedness permitted under
Section 9.04, performance guarantees and Contingent Obligations incurred
in the ordinary course of business or consistent with past practice and the
creation of Liens on the assets of the Company or any Restricted Subsidiary in
compliance with Section 9.01; 

(xii)         (i) advances to, or guarantees of
Indebtedness of, employees not in excess of $2,000,000 outstanding at any one
time, in the aggregate; and (ii) loans and advances to employees, directors,
officers, managers, distributors and consultants for business-related travel
expenses, moving expenses and other similar expenses or payroll advances, in
each case incurred in the ordinary course of business or consistent with past
practices or to fund such Person’s purchase of Equity Interests of the Company;

(xiii)          payments of Indebtedness of Opta Minerals,
Inc. concurrently with the sale thereof, solely out of the proceeds of such sale
and to the extent required by the sale agreement therefor; 

(xiv)          advances, loans or extensions of trade
credit in the ordinary course of business or consistent with past practice by
the Company or any of the Restricted Subsidiaries; 

(xv)          any Investment in any Subsidiary or any joint
venture in connection with intercompany cash management arrangements or related
activities arising in the ordinary course of business or consistent with past
practice; 

(xvi)         Investments made in the ordinary course of
business or consistent with past practice in connection with obtaining,
maintaining or renewing client contracts and loans or advances made to
distributors in the ordinary course of business; 

(xvii)        Investments in the ordinary course of business or
consistent with past practice consisting of UCC Article 3 endorsements for
collection of deposit and Article 4 customary trade arrangements with customers
consistent with past practices; 

(xviii)       additional Investments having an aggregate Fair Market
Value, taken together with all other Investments made pursuant to this clause

(xviii)      that are at that time outstanding (without giving effect to
the sale of an Unrestricted Subsidiary to the extent the proceeds of such sale
do not consist of cash or have not been subsequently sold or transferred for
cash or marketable securities), not to exceed, as of the date such Investment is
made, the greater of (A) $15,000,000 and (B) 1.20% of Consolidated Total Assets
measured as of the date of such Investment based upon the Section 8.01
Financials most recently delivered on or prior to the date such Investment is
made, calculated as of the date such Investment is made (in each case determined
as of the date such Investment is made, with the Fair Market Value of each
Investment being measured at the time made and without giving effect to
subsequent changes in value); 

(xix)         Investments received in compromise or
resolution of litigation, arbitration or other disputes; 

(xx)          Investments by the Company and the Restricted
Subsidiaries consisting of deposits, prepayment and other credits to suppliers
or lessors in the ordinary course of business; 

(xxi)         any Investment acquired by the Company or any
of the Restricted Subsidiaries (i) consisting of extensions of credit in the
nature of accounts receivable or notes receivable arising from the grant of
trade credit in the ordinary course of business, (ii) in exchange for any other
Investment or accounts receivable, endorsements for collection or deposit held
by the Company or any such Restricted Subsidiary in connection with or as a
result of a bankruptcy, workout, reorganization or recapitalization of the
issuer of such other Investment or accounts receivable (including any trade
creditor or customer) or (iii) as a result of a foreclosure by the Company or
any of the Restricted Subsidiaries with respect to any secured Investment or
other transfer of title with respect to any secured Investment in default; 

(xxii)        Investments the payment for which consists of
Equity Interests (exclusive of Disqualified Stock) of the Company; 

(xxiii)         Investments consisting of purchases and
acquisitions of inventory, supplies, material, services, equipment or other
assets or purchases of contract rights or licenses or contributions of
Intellectual Property, in each case, in the ordinary course of business or
consistent with past practice; 

(xxiv)         obligations or commitments to public
utilities or to any municipalities or governmental or other public authorities
in connection with the maintenance of or supply of services or utilities to the
Company or any Restricted Subsidiary; 

(xxv)         Investments in prepaid expenses, negotiable
instruments held for collection and lease, utility and workers compensation,
performance and similar deposits entered into as a result of the operations of
the business in the ordinary course of business or consistent with past
practice; 

(xxvi)        Investments consisting of promissory notes issued
by the Company or any Guarantor to future, present or former officers, directors
and employees, members of management, or consultants of the Company or any of
its Subsidiaries or their respective estates, spouses or former spouses to
finance the purchase or redemption of Equity Interests of the Company, to the
extent the applicable Restricted Payment is a permitted by Section 9.03;

(xxvii)       Investments (including debt obligations and Equity
Interests) received in connection with the bankruptcy or reorganization of
suppliers and customers or in settlement of delinquent obligations of, or other
disputes with, customers and suppliers arising in the ordinary course of
business or consistent with past practice or upon the foreclosure with respect
to any secured Investment or other transfer of title with respect to any secured
Investment; 

(xxviii)      Investments in joint ventures of the Company or any of the
Restricted Subsidiaries existing on the Closing Date having an aggregate Fair
Market Value not to exceed $10,000,000 at any one time outstanding (with the
Fair Market Value of each Investment being measured at the time made and without
giving effect to subsequent changes in value); 

(xxix)         Investments made in connection with crop
financing and related activities, including advances or loans to growers, (i) in
the ordinary course of business or consistent with past practice (which shall
not be limited in amount) plus (ii) in an amount having an aggregate Fair Market
Value not to exceed $10,000,000 at any one time outstanding (with the Fair
Market Value of each Investment being measured at the time made and without
giving effect to subsequent changes in value); and

(xxx)          any Investment using the Available Equity
Amount Basket.

For purposes of this Section 9.05, in the event that a
proposed Investment (or portion thereof) meets the criteria of more than one of
the categories of Permitted Investments described in clauses (i) through (xxx)
above, or is otherwise entitled to be incurred or made pursuant to Section
9.03, the Company will be entitled to classify (but not reclassify such
Investment (or portion thereof) in one or more of such categories set forth
above or under Section 9.03. 

9.06.       Transactions
with Affiliates. Each of the Company and any Restricted Subsidiary shall not
make any payment to, or sell, lease, transfer or otherwise dispose of any of its
properties or assets to, or purchase any property or assets from, or enter into
or make or amend any transaction, contract, agreement, understanding, loan,
advance or guarantee with, or for the benefit of, any Affiliate of the Company
(each of the foregoing, an “Affiliate Transaction”) involving aggregate payments
or consideration in excess of $5,000,000, other than any such
Affiliate Transaction on terms that are not materially less favorable to the
Company or any such Restricted Subsidiary than those that would have been
obtained in a comparable transaction by the Company such Restricted Subsidiary
with an unrelated Person on an arm’s-length basis, except: 

(i)          transactions between or among the Company or
  any of the Restricted Subsidiaries or any entity that becomes a Restricted
  Subsidiary as a result of such transaction to the extent not prohibited by this
Agreement; 

(ii)         Restricted Payments permitted by Section
9.03 and Investments permitted by Section 9.05; 

(iii)        (A) employment agreements, employee benefit and
incentive compensation plans and arrangements and (B) the payment of reasonable
fees, expenses and compensation paid to, and indemnities and reimbursements and
employment and severance arrangements provided on behalf of or for the benefit
of, current, former or future employees, directors, officers, managers,
distributors or consultants of the Company or any of the Restricted
Subsidiaries; 

(iv)        transactions in which the Company or any of the
Restricted Subsidiaries, as the case may be, delivers to the Administrative
Agent a letter from an Independent Financial Advisor stating that such
transaction is fair to the Company or such Restricted Subsidiary from a
financial point of view or stating that the terms are not materially less
favorable, when taken as a whole, to the Company or its relevant Restricted
Subsidiary than those that would have been obtained in a comparable transaction
by the Company or such Restricted Subsidiary with an unrelated Person on an
arm’s-length basis; 

(v)         transactions with customers, clients,
suppliers, contractors, joint venture partners or purchasers or sellers of goods
or services, in each case in the ordinary course of business or that are
consistent with past practice and otherwise in compliance with the terms of this
Agreement which are fair to the Company and the Restricted Subsidiaries, in the
reasonable determination of the board of directors of the Company or the senior
management thereof, or are on terms at least as favorable as might reasonably
have been obtained at such time from an unaffiliated party; 

(vi)         the issuance or transfer of Equity Interests
(other than Disqualified Stock) of the Company to any director, officer,
employee or consultant; 

(vii)        payments on Indebtedness and Disqualified Stock
(and cancellation of any thereof) of the Company and the Restricted Subsidiaries
and Preferred Stock (cancellation thereof) of any Restricted Subsidiary to any
future, current or former employee, director, officer, manager or consultant of
the Company or any of its Subsidiaries pursuant to any management equity plan or
stock option plan or any other management or employee benefit plan or agreement
or any stock subscription or shareholder agreement that are, in each case,
approved by the Company in good faith; and any employment agreements, stock
option plans and other compensatory arrangements (and any successor plans
thereto) and any supplemental executive retirement benefit plans or arrangements
with such employees, directors, officers, managers or consultants which, in each
case, are approved by the Company in good faith; 

(viii)        the pledge of Equity Interests of any Unrestricted
Subsidiary;

(ix)         payments to or from and transactions with
joint ventures or Unrestricted Subsidiaries entered into in the ordinary course
of business or consistent with past practice (including, without limitation, any
cash management activities related thereto); 

(x)          transactions permitted by, and complying with,
the provisions of Section 9.11; 

(xi)         transactions between the Company or any of the
Restricted Subsidiaries and any Person, the sole affiliation to the Company or
any of the Restricted Subsidiaries of which is that a director of such Person is
also a director of the Company; provided, however, that such
director abstains from voting as a director of the Company on any matter
involving such other Person 

(xii)         Intellectual Property licenses in the
ordinary course of business;

(xiii)        any contributions to the common equity capital of
the Company; and

(xiv)        any agreement or arrangement as in effect as of the
Closing Date, or any amendment thereto (so long as any such amendment is not
disadvantageous in any material respect to the Lenders when taken as a whole as
compared to the applicable agreement as in effect on the Closing Date). 

9.07.      
Modifications of Debt Documents, Certificate of Incorporation, By-Laws and
Certain Other Agreements, etc. Each of the Company and any Restricted
Subsidiary shall not: 

(a)          amend or modify any provision of the Second
Lien Loan Agreement (or the Second Lien
Notes Indenture, if
applicable) (or any documentation governing any Refinancing
Indebtedness in respect thereof) or any documentation governing any other Junior
Debt that has an outstanding principal amount at the time of such amendment or
modification in excess of the Threshold Amount, to the extent that any such
amendment or modification, taken as a whole, would be materially adverse to the
interests of the Lenders; or 

(b)          amend, modify or change its certificate or
articles of incorporation (including, without limitation, by the filing or
modification of any certificate or articles of designation), certificate of
formation, limited liability company agreement or by-laws (or the equivalent
organizational documents in the relevant jurisdiction), as applicable, to the
extent that any such amendment, modification or change, taken as a whole, would
be materially adverse to the interests of the Lenders. 

9.08.       Limitation
on Dividend and Other Payment Restrictions Affecting Restricted
Subsidiaries.

(a)         
The Company shall not, and shall not permit any Restricted Subsidiary that is
not a Credit Party to, directly or indirectly, create or otherwise cause or
suffer to exist or become effective any consensual encumbrance or consensual
restriction on the ability of any such Restricted Subsidiary that is not a
Credit Party to:

(i)          (A) pay dividends or make any other
distributions to any Credit Party on its Capital Stock or with respect to any
other interest or participation in, or measured by, its profits or owned by the
Company or any Restricted Subsidiary or (B) pay any Indebtedness owed to any
Credit Party; 

(ii)          make loans or advances to any Credit Party;
or

(iii)        sell, lease or transfer any of its properties or
assets to the Company or any Restricted Subsidiary. 

(b)         
The restrictions in Section 9.08(a) shall not apply to encumbrances or
restrictions existing under or by reason of: 

(i)          applicable Requirements of Law; 

(ii)         this Agreement and the other Credit Documents;

(iii)        contractual encumbrances or restrictions pursuant
to the Second Lien Loan
Agreement and the “Collateral
Documents” as defined in the Second Lien Loan Agreement (or the Second Lien
Notes Indenture, if
applicable, and the “Collateral Documents” as defined in the
Second Lien Notes Indenture) or in
any agreement effecting a refinancing, replacement or substitution thereof and
other contractual encumbrances existing on the Closing Date; 

(iv)        purchase money obligations for property acquired in the
ordinary course of business and Capitalized Lease Obligations that impose
restrictions of the nature discussed in clause (iii) of Section 9.08(a)
hereof on the property so acquired; 

(v)         any agreement or other instrument of a Person
acquired by or merged or consolidated with or into the Company or any Restricted
Subsidiary in existence at the time of such acquisition or at the time it merges
with or into the Company or any Restricted Subsidiary or assumed in connection
with the acquisition of assets from such Person (but, in any such case, not
created in contemplation thereof), which encumbrance or restriction is not
applicable to any Person, or the properties or assets of any Person, other than
the Person so acquired and its Subsidiaries, or the property or assets of the
Person so acquired and its Subsidiaries or the property or assets so acquired;

(vi)        contracts for the sale of assets, including customary
restrictions with respect to a Subsidiary of the Company pursuant to an
agreement that has been entered into for the sale or disposition of all or
substantially all of the Capital Stock or assets of such Subsidiary; 

(vii)        Indebtedness and Liens otherwise permitted to be
incurred pursuant to Section 9.01 and Section 9.04. 

(viii)       customary provisions in joint venture agreements and other
similar agreements or arrangements relating solely to such joint venture; 

(ix)         customary
provisions contained in contracts, leases, sub-leases, licenses, sub-licenses or
similar agreements, including with respect to intellectual property and other
agreements, in each case, entered into in the ordinary course of business 

(x)         
restrictions or conditions contained in any trading, netting, operating,
construction, service, supply, purchase, sale or other agreement to which the
Company or any Restricted Subsidiary is a party entered into in the ordinary
course of business; provided that such agreement prohibits the
encumbrance of solely the property or assets of the Company or such Restricted
Subsidiary that are the subject to such agreement, the payment rights arising
thereunder or the proceeds thereof and does not extend to any other asset or
property of the Company or such Restricted Subsidiary or the assets or property
of another Restricted Subsidiary;

(xi)          any encumbrance or restriction with respect
to a Restricted Subsidiary which was previously an Unrestricted Subsidiary
pursuant to or by reason of an agreement that such Subsidiary is a party to or
entered into before the date on which such Subsidiary became a Restricted
Subsidiary; provided that such agreement was not entered into in
anticipation of an Unrestricted Subsidiary becoming a Restricted Subsidiary and
any such encumbrance or restriction does not extend to any assets or property of
the Company or any other Restricted Subsidiary other than the assets and
property of such Subsidiary; 

(xii)         other Indebtedness, Disqualified Stock or
Preferred Stock permitted to be incurred subsequent to the Closing Date pursuant
to Section 9.04 hereof; provided that, in the judgment of the
Company, such incurrence will not materially impair any Credit Party’s ability
to make payments under the Obligations when due; 

(xiii)        provisions limiting the disposition or
distribution of assets or property in asset sale agreements, sale-leaseback
agreements, stock sale agreements and other similar agreements (including
agreements entered into in connection with a Restricted Investment), which
limitation is applicable only to the assets that are the subject of such
agreements; 

(xiv)         customary provisions restricting subletting
or assignment of any lease governing any leasehold interest of the Company or
any Restricted Subsidiary; 

(xv)          customary provisions restricting assignment
of any agreement entered into by the Company or any Restricted Subsidiary in the
ordinary course of business; 

(xvi)         restrictions arising in connection with cash
or other deposits permitted pursuant to Section 9.01; and 

(xvii)        restrictions on cash or other deposits or net
worth imposed by (i) customers, lenders or suppliers or (ii) other third parties
under contracts entered into in the ordinary course of business or arising in
connection with any Permitted Liens; or 

(xviii)       any encumbrances or restrictions of the type referred
to in clauses (i), (ii) and (iii) of Section 9.08(a) imposed by any
amendments, modifications, restatements, renewals, increases, supplements,
refundings, replacements or refinancings of the contracts, instruments or
obligations referred to in clauses (i) through (xvii) of this Section
9.08(b); provided that such amendments, modifications, restatements,
renewals, increases, supplements, refundings, replacements or refinancings are,
in the good faith judgment of the Company, no more restrictive in any material
respect with respect to such encumbrance and other restrictions taken as a whole
than those prior to such amendment, modification, restatement, renewal,
increase, supplement, refunding, replacement or refinancing. 

9.09.       Business; Fiscal
Year.

(a)         
The Company and the Restricted Subsidiaries, taken as a whole, shall not
fundamentally and substantively alter the character of their business, taken as
a whole, from the business conducted by the Company and the Restricted
Subsidiaries, taken as a whole, on the Closing Date and other business
activities that are reasonably similar, ancillary, complementary or related to,
or a reasonable extension, development or expansion of, such business. 

(b)         
The Company shall not change its fiscal year; provided that the Company
may, upon written notice to, and consent by, the Administrative Agent, change
the financial reporting convention specified above to any other financial reporting convention
reasonably acceptable to the Administrative Agent, in which case the Company and
the Administrative Agent will, and are hereby authorized by the Lenders to, make
any adjustments to this Agreement that are necessary in order to reflect such
change in financial reporting. 

9.10.       Negative
Pledges.

(a)         
Each of the Company and any Restricted Subsidiary shall not enter into or permit
to exist any Contractual Obligation that restricts in any way the ability of any
Credit Party to grant any Lien on its assets in favor of the Secured Creditors
with respect to the Obligations or under the Security Documents, other than
pursuant to any intercreditor agreement contemplated by this Agreement. 

(b)         
The restrictions in Section 9.10(a) shall not apply to Contractual
Obligations restricting the ability of any Credit Party to grant any Lien on its
assets in favor of the Secured Creditors with respect to the Obligations or
under the Security Documents that exists under or by reason of: 

(i)          applicable Requirements of Law; 

(ii)         this Agreement and the other Credit Documents;

(iii)        contractual encumbrances or restrictions pursuant
to the Second Lien Loan
Agreement and the “Collateral
Documents” as defined in the Second Lien Loan Agreement (or the Second Lien
Notes Indenture, if
applicable, and the “Collateral Documents” as defined in the
Second Lien Notes Indenture), or in any agreement effecting a refinancing,
replacement or substitution thereof and other contractual encumbrances existing
on the Closing Date; 

(iv)        purchase money obligations for property acquired in
the ordinary course of business and Capitalized Lease Obligations that impose
restrictions of the nature discussed in clause (iii) of Section 9.08(a)
hereof on the property so acquired; 

(v)         any agreement or other instrument of a Person
acquired by or merged or consolidated with or into the Company or any Restricted
Subsidiary in existence at the time of such acquisition or at the time it merges
with or into the Company or any Restricted Subsidiary or assumed in connection
with the acquisition of assets from such Person (but, in any such case, not
created in contemplation thereof), which encumbrance or restriction is not
applicable to any Person, or the properties or assets of any Person, other than
the Person so acquired and its Subsidiaries, or the property or assets of the
Person so acquired and its Subsidiaries or the property or assets so acquired;

(vi)        contracts for the sale of assets, including
customary restrictions with respect to a Subsidiary of the Company pursuant to
an agreement that has been entered into for the sale or disposition of all or
substantially all of the Capital Stock or assets of such Subsidiary; 

(vii)        Indebtedness and Liens otherwise permitted to be
incurred pursuant to Section 9.01 and Section 9.04. 

(viii)       customary provisions in joint venture agreements and
other similar agreements or arrangements relating solely to such joint
venture;

(ix)         customary provisions contained in contracts,
leases, sub-leases, licenses, sub-licenses or similar agreements, including with
respect to intellectual property and other agreements, in each case, entered
into in the ordinary course of business 

(x)          restrictions or conditions contained in any
trading, netting, operating, construction, service, supply, purchase, sale or
other agreement to which the Company or any Restricted Subsidiary is a party
entered into in the ordinary course of business; provided that such
agreement prohibits the encumbrance of solely the property or assets of the
Company or such Restricted Subsidiary that are the subject to such agreement,
the payment rights arising thereunder or the proceeds thereof and does not
extend to any other asset or property of the Company or such Restricted
Subsidiary or the assets or property of another Restricted Subsidiary; 

(xi)         any encumbrance or restriction with respect to
a Restricted Subsidiary which was previously an Unrestricted Subsidiary pursuant
to or by reason of an agreement that such Subsidiary is a party to or entered
into before the date on which such Subsidiary became a Restricted Subsidiary;
provided that such agreement was not entered into in anticipation of an
Unrestricted Subsidiary becoming a Restricted Subsidiary and any such
encumbrance or restriction does not extend to any assets or property of the
Company or any other Restricted Subsidiary other than the assets and property of
such Subsidiary; 

(xii)        other Indebtedness, Disqualified Stock or Preferred
Stock permitted to be incurred subsequent to the Closing Date pursuant to
Section 9.04 hereof; provided that, in the judgment of the
Company, such incurrence will not materially impair any Credit Party’s ability
to make payments under the Obligations when due; 

(xiii)       provisions limiting the disposition or distribution of
assets or property in asset sale agreements, sale-leaseback agreements, stock
sale agreements and other similar agreements (including agreements entered into
in connection with a Restricted Investment), which limitation is applicable only
to the assets that are the subject of such agreements; 

(xiv)        customary provisions restricting subletting or
assignment of any lease governing any leasehold interest of the Company or any
Restricted Subsidiary; 

(xv)         customary provisions restricting assignment of
any agreement entered into by the Company or any Restricted Subsidiary in the
ordinary course of business; 

(xvi)        restrictions arising in connection with cash or
other deposits permitted pursuant to Section 9.01; and 

(xvii)       restrictions on cash or other deposits or net worth
imposed by (i) customers, lenders or suppliers or (ii) other third parties under
contracts entered into in the ordinary course of business or arising in
connection with any Permitted Liens; 

(xviii)      any encumbrances or restrictions of the type referred to in
clauses (i), (ii) and (iii) of Section 9.08(a) imposed by any amendments,
modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings of the contracts, instruments or obligations
referred to in clauses (i) through (xvii) of this Section 9.08(b);
provided that such amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are, in the good faith
judgment of the Company, no more restrictive in any material respect with
respect to such encumbrance and other restrictions taken as a whole than those prior to such amendment, modification, restatement,
renewal, increase, supplement, refunding, replacement or refinancing. 

9.11.       Merger,
Consolidation or Sale of All or Substantially All Assets.

(a)         
Neither the Company nor the U.S. Parent Borrower may consolidate, amalgamate or
merge with or into or wind up into (whether or not the Company or the U.S.
Parent Borrower, as applicable, is the surviving Person), or sell, assign,
transfer, lease, convey or otherwise dispose of all or substantially all of its
properties or assets, in one or more related transactions, to any Person,
unless: 

(i)          in the case of any such consolidation,
amalgamation, merger, winding up or sale, assignment, transfer, lease,
conveyance or other disposition of all or substantially all of the assets or
properties of (A) the Company, the Company is the surviving Person or the Person
formed by or surviving any such consolidation, amalgamation or merger (if other
than the Company) or to which such sale, assignment, transfer, lease, conveyance
or other disposition shall have been made, is a Person organized or existing
under the Requirements of Law of Canada or any province thereof (such surviving
Person being herein called the “Successor Company”) or (B) the U.S.
Parent Borrower, the U.S. Parent Borrower is the surviving Person or the Person
formed by or surviving any such consolidation, amalgamation or merger (if other
than the U.S. Parent Borrower) or to which such sale, assignment, transfer,
lease, conveyance or other disposition shall have been made, is a Person
organized or existing under the law of the United States, any state thereof, the
District of Columbia, or any territory thereof (such surviving Person being
herein called the “Successor U.S. Parent Borrower”). 

(ii)         the Successor Company (if other than the
Company) or the Successor U.S. Parent Borrower (if other than the U.S. Parent
Borrower), as applicable, expressly assumes all the obligations of the Company
or the U.S. Parent Borrower, as applicable, under this Agreement and the other
applicable Credit Documents pursuant to an assumption agreement hereto or
thereto in form reasonably satisfactory to the Administrative Agent;

(iii)         immediately after such transaction, no
Default or Event of Default exists; 

(iv)         any Guarantee provided by the Company or the
U.S. Parent Borrower, as applicable, shall remain in full force and effect;
and

(v)         any security interests and Liens granted to the
Collateral Agent for the benefit of the Secured Creditors in and on the assets
of the Company or the U.S. Parent Borrower, as applicable, shall remain in full
force and effect and perfected and enforceable (to at least the same extent as
in effect immediately prior to such merger, consolidation, merger, winding up or
sale, assignment, transfer, lease, conveyance or other disposition of all or
substantially all of the assets or properties); 

(b)         
Except as permitted by Section 9.04 or otherwise not constituting an
Asset Sale, no Credit Party (other than the Company or the U.S. Parent Borrower)
may consolidate, amalgamate or merge with or into or wind up into (whether or
not such Credit Party, is the surviving Person), or sell, assign, transfer,
lease, convey or otherwise dispose of all or substantially all of its properties
or assets, in one or more related transactions, to any Person, unless: 

(i)          such Credit Party is the surviving Person or
the Person formed by or surviving any such consolidation, amalgamation or merger
(if other than such Credit Party) or to which such sale, assignment, transfer,
lease, conveyance or other disposition shall have been made, is a Person organized or existing under the law of the jurisdiction
of organization of such Credit Party, or, in the case of any such Credit Party
that is a Domestic Subsidiary, the laws of the United States, any state thereof,
the District of Columbia, or any territory thereof or, in the case of any such
Credit Party that is a Canadian Subsidiary, the law of Canada or any province
thereof , or, in the case of any such Credit Party that is a Dutch Subsidiary,
the law of the Netherlands (such surviving Person, as the case may be, being
herein called a “Successor Person”); 

(ii)          the Successor Person (if other than such
  Credit Party) expressly assumes all the obligations of such Credit Party under
  this Agreement and the other applicable Credit Documents pursuant to an
  assumption agreement hereto or thereto in form reasonably satisfactory to the
Administrative Agent;

(iii)          immediately after such transaction, no
Default or Event of Default exists; 

(iv)          any Guarantee provided by such Credit Party
shall remain in full force and effect; and 

(v)          any security interests and Liens granted to
the Collateral Agent for the benefit of the Secured Creditors in and on the
assets of such Credit Party shall remain in full force and effect and perfected
and enforceable (to at least the same extent as in effect immediately prior to
such merger, consolidation, merger, winding up or sale, assignment, transfer,
lease, conveyance or other disposition of all or substantially all of the assets
or properties); 

(c)         
Notwithstanding clause (iii) of Section 9.11(a) or clause (iii) of
Section 9.11(b): 

(i)           any Restricted Subsidiary that is not a
Subsidiary Guarantor may consolidate or amalgamate with or merge with or into or
transfer all or part of its properties and assets to the Company or any
Restricted Subsidiary; 

(ii)         any Subsidiary Guarantor may consolidate or
amalgamate with or merge with or into or transfer all or part of its properties
and assets to the Company, any Borrower or any Subsidiary Guarantor (or to a
Restricted Subsidiary that is not a Subsidiary Guarantor if that Restricted
Subsidiary becomes a Subsidiary Guarantor); and 

(iii)         (x) the Company may merge with an Affiliate
of the Company solely for the purpose of reincorporating the Company in Canada
or any province or territory thereof and (y) the U.S. Parent Borrower may merge
with an Affiliate of the U.S. Parent Borrower solely for the purpose of
reincorporating the U.S. Parent Borrower in the United States, any state
thereof, the District of Columbia or any territory thereof, in the case of each
of clauses (x) and (y), so long as the amount of Indebtedness of the Company and
the Restricted Subsidiaries is not increased thereby. 

(d)         
Upon any consolidation, amalgamation or merger, or any sale, assignment,
transfer, lease, conveyance or other disposition of all or substantially all of
the assets of any Credit Party in accordance with Section 9.11(a) or
(b), the Successor Company, Successor U.S. Parent Borrower or Successor
Person, as applicable, formed by such consolidation or into or with which such
Credit Party is merged or to which such sale, assignment, transfer, lease,
conveyance or other disposition is made shall succeed to, and be substituted for
(so that from and after the date of such consolidation, merger, sale, lease,
conveyance or other disposition, the provisions of this Agreement referring to
such Company, such U.S. Parent Borrower or such other Credit Party, as
applicable, shall refer instead to the Successor Company, Successor U.S. Parent
Borrower or Successor Person, as applicable, and not to such Company, such U.S. Parent Borrower or such other Credit Party, as
applicable), and may exercise every right and power of such Company, such U.S.
Parent Borrower or such other Credit Party, as applicable, as applicable, under
this Agreement with the same effect as if such successor Person had been named
as the Company, such U.S. Parent Borrower or such other Credit Party, as
applicable, herein; provided that a predecessor Credit Party shall not be
relieved from the obligation to pay the Obligations except in the case of a
sale, assignment, transfer, conveyance or other disposition of all of such
predecessor Credit Party’s assets that meets the requirements of Section
9.11(a) or (b), as applicable. 

9.12.       Financial
  Covenant. The Company will not permit its Consolidated Fixed Charge Coverage
  Ratio for any Test Period to be lower than 1.00 to 1.00; provided that such
  Consolidated Fixed Charge Coverage Ratio will only be tested as of the last day
  of the Test Period ending immediately prior to the date on which a Financial
  Covenant Triggering Event shall have occurred and shall continue to be tested as
  of the last day of each Test Period thereafter until such Financial Covenant
Triggering Event is no longer continuing. 

9.13.       Canadian Pension
Plans. No Credit Party shall: 

(a)          establish, sponsor, maintain, contribute or
have any liability or obligation under any Canadian Pension Plan; or

(b)          consummate any transaction that would result
in any Person not already a Subsidiary becoming a Subsidiary if such Person
sponsors, maintains or contributes or has any liability or obligation under one
or more Canadian Pension Plans, without the prior consent of the Administrative
Agent. 

Section
10      Events of Default. Upon the occurrence
of any of the following specified events (each, an “Event of Default”):

10.01.      
Payments. Any Borrower shall (i) default in the payment when due of any
principal of any Loan or any Note or (ii) default, and such default shall
continue unremedied for five or more Business Days, in the payment when due of
any interest on any Loan or Note, or any Fees or any other amounts owing
hereunder or under any other Credit Document; or 

10.02.       Representations, etc. Any representation,
warranty or statement made or deemed made by any Credit Party herein or in any
other Credit Document or in any certificate delivered to the Administrative
Agent or any Lender pursuant hereto or thereto shall prove to be untrue in any
material respect (without duplication of any materiality standard set forth in
any such representation or warranty) on the date as of which made or deemed
made; or 

10.03.       Covenants.
The Company or any Restricted Subsidiary shall (i) default in the due
performance or observance by it of any term, covenant or agreement contained in
Section 8.01(f)(i), 8.04(a) (as to the existence of the Company),
8.09, 8.11, 8.15(c) (solely during a Cash Dominion Period)
or Section 9, (ii) fail to deliver a Borrowing Base Certificate required
to be delivered pursuant to Section 8.15(a) within five (5) Business Days
of the date such Borrowing Base Certificate is required to be delivered (other
than during the occurrence of a Weekly Reporting Event, in which case such
period shall be two (2) Business Days), (iii) default in the due performance or
observance by it of any other term, covenant or agreement contained in this
Agreement or in any other Credit Document (other than those set forth in
Sections 10.01 and 10.02), and such default shall continue
unremedied for a period of 30 days after the earlier of (x) written notice
thereof is received by the Company from the Administrative Agent or the Required
Lenders or (y) a Responsible Officer of such defaulting party gains knowledge of
such default; or 

10.04.       Default
Under Other Agreements. (i) The Company or any Restricted Subsidiary shall
(x) fail to make any payment of any Indebtedness (other than the Obligations)
beyond the period of grace, if any, provided in an instrument or agreement under
which such Indebtedness was created or (y) fail to observe or perform any
agreement or condition relating to any Indebtedness (other than the Obligations)
or contained in any instrument or agreement evidencing, securing or relating
thereto, or any other event shall occur or condition exist, the effect of which
failure or other event or condition is to cause, or to permit the holder or
holders of such Indebtedness (or a trustee or agent on behalf of such holder or
holders) to cause (determined without regard to whether any notice is required),
any such Indebtedness to become due prior to its stated maturity, or (ii) any
Indebtedness (other than the Obligations) of the Company or any Restricted
Subsidiary shall be declared to be (or shall become) due and payable prior to
the stated maturity thereof; provided that, (A) it shall not be a Default
or an Event of Default under this Section 10.04 unless the principal
amount of any Indebtedness as described in preceding clauses (i) and (ii) is at
least equal to the Threshold Amount and (B) the preceding clauses (i) and (ii)
of this Section 10.04 shall not apply to (x) Indebtedness that becomes
due as a result of a sale, transfer or other disposition (including as a result
of a Casualty Event) of the property or assets securing such Indebtedness, if
such sale, transfer or other disposition is otherwise permitted hereunder, (y)
any Indebtedness permitted to exist or be incurred under the terms of this
Agreement that is required to be repurchased, prepaid, defeased or redeemed in
connection with any asset sale event, casualty or condemnation event, change of
control (without limiting the rights of the Administrative Agent and the Lenders
under Section 10.10), excess cash flow or other customary provision in
such Indebtedness giving rise to such requirement to prepay, defease, repurchase
or redeem in the absence of any default thereunder or (z) Indebtedness in
respect of any Hedging Agreement that becomes due pursuant to a termination
event or equivalent event (other than an event that, pursuant to the terms of
such Hedge Agreement, constitutes a default or event of default in accordance
with the terms thereof ) under the terms of such Hedging Agreement; or 

10.05.       Bankruptcy,
etc. The Company or any Material Subsidiaries shall, to the extent
applicable, commence a voluntary case or proceeding concerning itself under
Title 11 of the United States Code entitled “Bankruptcy,” as now or hereafter in
effect, or any successor thereto (the “Bankruptcy Code”) or commence any
analogous case, proceeding, step or procedure under any other Debtor Relief Law
of any jurisdiction (including pursuant to the Bankruptcy and Insolvency Act
(Canada), the Companies’ Creditors Arrangement Act (Canada) or the Insolvency
Act of 1986); or an involuntary case or proceeding under the Bankruptcy Code or
under any other Debtor Relief Law is commenced against the Company or any
Material Subsidiary in any jurisdiction, and the petition or proceeding is not
controverted within 30 days, or is not dismissed within 60 days, after
commencement of the case or proceeding; or a custodian (as defined in the
Bankruptcy Code), receiver, interim receiver, receiver-manager, trustee,
liquidator, administrator, monitor or similar officer is appointed for, or takes
charge of, all or substantially all of the property of the Company or any
Material Subsidiary, or there is commenced against the Company or any Material
Subsidiary any such proceeding which remains undismissed for a period of 60
days, or the company or any Material Subsidiary is adjudicated, or is deemed for
purposes of any applicable Debtor Relief Law to be, insolvent or bankrupt; or
any order of relief or other order approving any such case or proceeding is
entered; or the Company or any Material Subsidiary suffers any appointment of
any custodian, receiver, interim receiver, receiver-manager, trustee,
liquidator, administrator, monitor or the like for it or any substantial part of
its property to continue undischarged or unstayed for a period of 60 days; or
the Company or any Material Subsidiary makes a general assignment for the
benefit of creditors; or any corporate, limited liability company or similar
action is taken by the Company or any Material Subsidiary for the purpose of
effecting any of the foregoing; or 

10.06.       ERISA; Dutch
Works Council Act. (a) An ERISA Event has occurred which has resulted or
could reasonably be expected to result in a Material Adverse Effect, (b) a
Foreign Pension Plan has failed to comply with, or be funded in accordance with,
applicable Requirement of Law whic h has resulted or could reasonably be expected to result in a
Material Adverse Effect, or (c) a Dutch Works Council Act Event has occurred and
has resulted or could reasonably be expected to result in a Material Adverse
Effect; or 

10.07.       Credit
  Documents. (i) Any Credit Document shall cease to be, or shall be asserted
  in writing by any Borrower or any Restricted Subsidiary not to be, a legal,
  valid and binding obligation of any party thereto, other than as a result of
  acts or omissions by any Administrative Agent, the Collateral Agent or any
  Lender or upon the occurrence of the Payment in Full Date or (ii) any of the
  Security Documents shall for any reason cease to be in full force and effect
  (other than as a result of acts or omissions by any Administrative Agent, the
  Collateral Agent or any Lender or the satisfaction in full of the Obligations),
  or shall cease to give the Collateral Agent for the benefit of the Secured
  Creditors the Liens, rights, powers and privileges purported to be created
  thereby (including, without limitation (to the extent provided therein), a
  perfected (or the equivalent with respect to the Canadian Credit Parties and
  Dutch Credit Parties under applicable Requirements of Law) security interest in,
  and Lien on, all of the Collateral (other than immaterial Collateral), in favor
  of the Collateral Agent, superior to and prior to the rights of all third
  Persons (subject to (x) the Collateral and Guarantee Requirement and (y) any
  Lien permitted by Section 9.01), and subject to no other Liens (except as
  permitted by Section 9.01) other than (x) as a result of a release of
  Collateral permitted under Section 12.12, (y) as a result of the failure
  of any Administrative Agent or the Collateral Agent to (1) maintain possession
  of any stock certificates, promissory notes or other instruments actually
  delivered to it under the Credit Documents or (2) file initial UCC or PPSA
  financing statements; provided that it shall not be a Default or Event of
  Default under this Section 10.07 if the Credit Document or Security
  Document at issue was not required by virtue of the requirements of the
  Collateral and Guarantee Requirement to have been executed and delivered by any
Credit Party; or 

10.08.       Guarantees.
Any Credit Party Guarantee or any provision thereof shall cease to be in full
force or effect as to any Credit Party, or any Guarantor shall deny or disaffirm
such Credit Party’s obligations under the Credit Party Guarantee to which it is
a party; or 

10.09.       Judgments.
One or more judgments or decrees for the payment of money shall be entered
against the Company or any Restricted Subsidiary involving in the aggregate for
the Company and any Restricted Subsidiary a liability or liabilities (not paid
or fully covered by a reputable and solvent insurance company (as determined in
good faith by the Company) and such judgments and decrees either shall be final
and non-appealable and not satisfied or shall not be vacated, discharged or
stayed or bonded pending appeal for any period of 60 consecutive days, and the
aggregate amount of all such judgments and decrees for the payment of money (to
the extent not paid or fully covered by such insurance company) equals or
exceeds the Threshold Amount; or 

10.10.       Change of
Control. A Change of Control shall occur;

then and in any such event, and at any time thereafter, if any
Event of Default shall then be continuing, the Administrative Agent may, and
upon the written request of the Required Lenders, shall, by written notice to
the Company, take any or all of the following actions, without prejudice to the
rights of the Administrative Agents, any Lender or the holder of any Note to
enforce its claims against any Credit Party (provided that, if an Event
of Default specified in Section 10.05 shall occur with respect to any
Credit Party, the result which would occur upon the giving of written notice by
the Administrative Agent as specified in clauses (i) and (ii) below shall occur
automatically without the giving of any such notice): (i) declare the Revolving
Commitments terminated, whereupon all Commitments of each Lender shall forthwith
terminate immediately; (ii) declare the principal of and any accrued interest in
respect of all Loans and the Notes owing hereunder and thereunder to be,
whereupon the same shall become, forthwith due and payable without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by each Credit Party; (iii) enforce, as Collateral
Agent, all of the Liens and security interests created pursuant to the Security
Documents; (iv) enforce each Credit Party Guarantee, (v) terminate, reduce or
condition any Revolving Commitment, or make any adjustment to the Borrowing Base
and (vi) require the Credit Parties to Cash Collateralize LC Obligations, and,
if the Credit Parties fail promptly to deposit such Cash Collateral, the
Administrative Agent may (and shall upon the direction of Required Lenders)
advance the required Cash Collateral as Revolving Loans under the Canadian Subfacility, the Dutch Subfacility or the U.S.
Tranche A Subfacility, as applicable (whether or not an Overadvance
exists or is created thereby, or the conditions in Section 6.01 are
satisfied). 

10.11.       Application
  of Funds. After the exercise of remedies provided for above (or after the
  Loans have automatically become immediately due and payable and the LC Exposure
  has automatically been required to be Cash Collateralized as set forth above),
  any amounts received on account of the Obligations shall, subject to the
  provisions of Sections 2.11 and 2.13(j), be applied in the
following order:

First, to the payment of all reasonable costs and out-of-pocket expenses,
fees, commissions and taxes of such sale, collection or other realization
including, without limitation, compensation to the Administrative Agents, the
Collateral Agent and its agents and counsel, and all expenses, liabilities and
advances made or incurred by the Administrative Agent or the Collateral Agent in
connection therewith (other than in respect of Secured Bank Product Obligations
and any Incremental FILOthe U.S. Tranche B FSubfacility);

Second, to the payment of all other reasonable costs and out-of-pocket
expenses of such sale, collection or other realization including, without
limitation, costs and expenses and all costs, liabilities and advances made or
incurred by the other Secured Creditors in connection therewith (other than in
respect of Secured Bank Product Obligations and any
Incremental FILOthe U.S. Tranche
B FSubfacility); 

Third, to interest then due and payable on the Swingline Loans;

Fourth, to the principal balance of the Swingline Loans and Protective
Advances outstanding until the same has been prepaid in full; 

Fifth, to interest then due and payable on Revolving Loans (other than
any Loans under an Incremental
FILOthe U.S. Tranche B
FSubfacility) and other amounts due pursuant to
Sections 3.01, 3.02 and 4.01; 

Sixth, to Cash Collateralize all LC Exposures (to the extent not
otherwise Cash Collateralized pursuant to the terms hereof) plus any accrued and
unpaid interest thereon; 

Seventh, to the principal balance of Revolving Borrowings (other than any
Loans under an Incremental
FILOthe U.S. Tranche B
FSubfacility) then outstanding and all Secured Bank
Product Obligations on account of Secured Reserved Hedges with Secured Hedge
Banks pro rata; 

Eighth, to the payment of all Obligations of the Credit Parties with
respect to any Incremental
FILOthe U.S. Tranche B
FSubfacility that are then due and payable to the
applicable Administrative Agents, the Collateral Agent, each Issuing Bank, the
Swingline Lender, the Lenders and other Secured Creditors, ratably based upon
the respective aggregate amounts of all such Obligations owing to them on such
date; 

Ninth, to all Secured Unreserved Hedges, other Secured Bank Product
Obligations and other Obligations pro rata; and 

Tenth, the balance, if any, as required by any intercreditor agreement
or, in the absence of any such requirement, to the Person lawfully entitled
thereto (including the applicable Credit Party or its successors or assigns).

Amounts used to Cash
Collateralize the aggregate undrawn amount of Letters of Credit pursuant to
clause Sixth above shall be applied to satisfy drawings under such
Letters of Credit as they occur. If any amount remains on deposit as Cash
Collateral after all Letters of Credit have either been fully drawn or expired,
such remaining amount shall be applied to the other Obligations, if any, in the
order set forth above. Amounts distributed with respect to any Secured Bank
Product Obligations shall be the lesser of the maximum Secured Bank Product
Obligations last reported to the Administrative Agent or the actual Secured Bank
Product Obligations as calculated by the methodology reported to the
Administrative Agent for determining the amount due. The Administrative Agent
shall have no obligation to calculate the amount to be distributed with respect
to any Secured Bank Product Obligations, and may request a reasonably detailed
calculation of such amount from the applicable Secured Creditor. If a Secured
Creditor fails to deliver such calculation within five (5) Business Days
following request by the Administrative Agent, the Administrative Agent may
assume the amount to be distributed is zero. 

In the event that any such
proceeds are insufficient to pay in full the items described in clauses
First through Eighth of this Section 10.11, the Credit
Parties shall remain liable for any deficiency. Notwithstanding the foregoing
provisions, this Section 10.11 is subject to the provisions of any
intercreditor agreement. 

Excluded Swap Obligations with
respect to any Guarantor shall not be paid with amounts received from such
Guarantor or its assets, but appropriate adjustments shall be made with respect
to payments from other Credit Parties to preserve the allocation to Obligations
otherwise set forth above in this Section 10.11. 

Section
11      The Administrative Agent. 

11.01.       Appointment and
Authorization.

(a)         
Each Lender hereby irrevocably designates and appoints (i) BANA as U.S.
Administrative Agent and Collateral Agent for such Lender, Bank of America, N.A.
(acting through its Canada Branch) as Canadian Administrative Agent for such
Lender and Bank of America, N.A. (acting through its London Branch) as Dutch
Administrative Agent for such Lender, (ii) Rabobank Nederland, Canadian Branch
and Bank of Montreal as Co-Syndication Agents for such Lender, (iii) JPMorgan
Chase Bank, N.A., as Documentation Agent for such Lender and (iv) Merrill Lynch,
Pierce, Fenner & Smith Incorporated, Rabobank Nederland, Canadian Branch and
Bank of Montreal as Joint Lead Arrangers for such Lender, each to act as
specified herein and in the other Credit Documents. Each Lender hereby
irrevocably authorizes the Administrative Agent and the Collateral Agent to take
such action on its behalf under the provisions of this Agreement and each other
Credit Document and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Agreement or any other Credit
Document, together with such powers as are reasonably incidental thereto.
Notwithstanding any provision to the contrary contained elsewhere herein or in
any other Credit Document, the Administrative Agent and the Collateral Agent
shall not have any duties or responsibilities, except those expressly set forth
herein. The Co-Syndication Agents, the Documentation Agent and Joint Lead
Arrangers shall have no rights, powers, obligations, liabilities,
responsibilities or duties under this Agreement or any of the other Credit
Documents, except in its capacity, as applicable, as a Lender, a Swingline
Lender or an Issuing Bank hereunder. The Agents shall not have or be deemed to
have any fiduciary relationship with any Lender or participant, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall
be read into this Agreement or any other Credit Document or otherwise exist
against the Agents. Without limiting the generality of the foregoing
sentence, the use of the term “agent” herein and in the other Credit Documents
with reference to the Agents is not intended to connote any fiduciary or other
implied (or express) obligations arising under agency doctrine of any applicable
Requirement of Law. Instead, such term is used merely as a matter of market
custom, and is intended to create or reflect only an administrative relationship
between independent contracting parties. 

(b)         
  Each of the Lenders (including in its capacity as a Secured Bank Product
  Provider) hereby further authorizes the Administrative Agent and/or the
  Collateral Agent to enter into the Lender Loss Sharing Agreement, the
  Intercreditor Agreement, any other intercreditor agreement (including those
  contemplated by Section 9.01(vi)) and any respective amendments thereto
  on behalf of such Lender. Without limiting the generality of the foregoing, each
  of the Lenders hereby authorizes and directs the Administrative Agent and/or the
  Collateral Agent to bind each Lender to the actions required by such Lender
  under the terms of the Lender Loss Sharing Agreement and any intercreditor
  agreement, including the Intercreditor Agreement. In addition, (i) each of the
  Lenders and each Issuing Bank hereby authorizes the Collateral Agent to act as
  the agent of such Lender and Issuing Bank for purposes of acquiring, holding and
  enforcing any and all Liens on Collateral granted by any of the Credit Parties
  to secure any of the Obligations, together with such powers and discretion as
  are reasonably incidental thereto, and (ii) to the extent required under the
  Requirements of Law of any jurisdiction other than the United States of America,
  each of the Lenders and the Issuing Banks hereby grants to the Administrative
  Agent and Collateral Agent any required powers of attorney to execute any
  Security Document governed by the Requirements of Law of such jurisdiction on
such Lender’s or Issuing Bank’s behalf.

(c)         
The provisions of this Section 11 (other than Sections 11.09 and
11.11) are solely for the benefit of the Agents, the Lenders and the
Issuing Banks, and the Borrowers shall not have rights as a third party
beneficiary of any of such provisions. 

11.02.       Delegation
of Duties. The Administrative Agent and the Collateral Agent may execute any
of their duties under this Agreement or any other Credit Document by or through
agents, employees or attorneys-in-fact and shall be entitled to advice of
counsel and other consultants or experts concerning all matters pertaining to
such duties. The Administrative Agent and the Collateral Agent shall not be
responsible for the negligence or misconduct of any agent or attorney-in-fact
that it selects in the absence of such Administrative Agent’s or the Collateral
Agent’s gross negligence or willful misconduct as determined in a final
non-appealable judgment by a court of competent jurisdiction. 

11.03.       Liability
of Agents. No Agent-Related Person shall (a) be liable for any action taken
or omitted to be taken by it under or in connection with this Agreement or any
other Credit Document or the transactions contemplated hereby (i) with the
consent or at the request of the Required Lenders (or such other number or
percentage of the Lenders as shall be necessary, or as such Agent-Related Person
shall believe in good faith shall be necessary, under the circumstances as
provided in Section 10) or (ii) in the absence of its own gross
negligence or willful misconduct as determined in a final non-appealable
judgment by a court of competent jurisdiction in connection with its duties
expressly set forth herein, (b) be responsible in any manner to any Lender or
participant for any recital, statement, representation or warranty made by any
Credit Party or any officer thereof, contained herein or in any other Credit
Document, or in any certificate, report, statement or other document referred to
or provided for in, or received by the Administrative Agent under or in
connection with, this Agreement or any other Credit Document, or the validity,
effectiveness, genuineness, enforceability or sufficiency of this Agreement or
any other Credit Document, or for any failure of any Credit Party or any other
party to any Credit Document to perform its obligations hereunder or thereunder,
or (c) 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 Credit Documents that such Agent-Related
Person is required to exercise as directed in writing by the Required Lenders
(or such other number or percentage of the Lenders as shall be expressly provided for herein or in
the other Credit Documents); provided that each of the Administrative
Agent and the Collateral Agent shall not be required to take any action that, in
its opinion or the opinion of its counsel, may expose such Administrative Agent
or Collateral Agent to liability or that is contrary to any Credit Document or
applicable Requirement of Law. No Agent-Related Person shall be under any
obligation to any Lender or participant to ascertain or to inquire as to the
observance or performance of any of the agreements contained in, or conditions
of, this Agreement or any other Credit Document, or to inspect the properties,
books or records of any Credit Party or any Affiliate thereof. 

11.04.       Reliance by the
Agents.

(a)         
Each of the Administrative Agent and the Collateral Agent shall be entitled to
rely, and shall be fully protected in relying, upon any writing, communication,
signature, resolution, representation, notice, consent, certificate, affidavit,
letter, telegram, facsimile, telex or telephone message, electronic mail
message, statement or other document or conversation believed by it to be
genuine and correct and to have been signed, sent or made by the proper Person
or Persons, and upon advice and statements of legal counsel (including counsel
to any Credit Party), independent accountants and other experts selected by such
Administrative Agent or Collateral Agent. Each of the Administrative Agent and
the Collateral Agent shall be fully justified in failing or refusing to take any
action under any Credit Document unless it shall first receive such advice or
concurrence of the Required Lenders as it deems appropriate and, if it so
requests, it shall first be indemnified to its satisfaction by the Lenders
against any and all liability and expense which may be incurred by it by reason
of taking or continuing to take any such action. Each of the Administrative
Agent and the Collateral Agent shall in all cases be fully protected in acting,
or in refraining from acting, under this Agreement or any other Credit Document
in accordance with a request or consent of the Required Lenders (or such greater
number of Lenders as may be expressly required hereby in any instance) and such
request and any action taken or failure to act pursuant thereto shall be binding
upon all the Lenders. 

(b)         
For purposes of determining compliance with the conditions specified in
Section 5, each Lender that has signed this Agreement shall be deemed to
have consented to, approved or accepted or to be satisfied with, each document
or other matter required thereunder to be consented to or approved by or
acceptable or satisfactory to a Lender unless the Administrative Agent shall
have received notice from such Lender prior to the Closing Date specifying its
objection thereto. 

11.05.       Notice of
Default. The Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default, except with respect to defaults in the
payment of principal, interest and Fees required to be paid to the
Administrative Agent for the account of the Lenders, unless the Administrative
Agent shall have received written notice from a Lender or the Company referring
to this Agreement, describing such Default and stating that such notice is a
“notice of default.” The Administrative Agent will notify the Lenders of its
receipt of any such notice. The Administrative Agent and Collateral Agent shall
take such action with respect to such Default as may be directed by the Required
Lenders in accordance with Section 10; provided, however,
that unless and until the Administrative Agent or Collateral Agent has received
any such direction, the Administrative Agent and Collateral Agent may (but shall
not be obligated to) take such action, or refrain from taking such action, with
respect to such Default as it shall deem advisable or in the best interest of
the Lenders. 

11.06.       Credit
Decision; Disclosure of Information by the Agents. Each Lender acknowledges
that no Agent-Related Person has made any representation or warranty to it, and
that no act by any Agent hereafter taken, including any consent to and
acceptance of any assignment or review of the affairs of any Credit Party or any
Affiliate thereof, shall be deemed to constitute any representation or warranty
by any Agent-Related Person to any Lender as to any matter, including whether
Agent-Related Persons have disclosed material information in their possession. Each Lender
represents to the Agents that it has, independently and without reliance upon
any Agent-Related Person and based on such documents and information as it has
deemed appropriate, made its own appraisal of an investigation into the
business, prospects, operations, property, financial and other condition and
creditworthiness of the Credit Parties and their respective Subsidiaries, and
all applicable bank or other regulatory Requirements of Law relating to the
transactions contemplated hereby, and made its own decision to enter into this
Agreement and to extend credit to the Borrowers and the other Credit Parties
hereunder. Each Lender also represents that it will, independently and without
reliance upon any Agent-Related Person and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit analysis, appraisals and decisions in taking or not taking action under
this Agreement and the other Credit Documents, and to make such investigations
as it deems necessary to inform itself as to the business, prospects,
operations, property, financial and other condition and creditworthiness of the
Borrowers and the other Credit Parties. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the
Administrative Agent herein, the Administrative Agent shall not have any duty or
responsibility to provide any Lender with any credit or other information
concerning the business, prospects, operations, property, financial and other
condition or creditworthiness of any of the Credit Parties or any of their
respective Affiliates which may come into the possession of any Agent-Related
Person. 

11.07.      
  Indemnification of the Agents. Whether or not the transactions
  contemplated hereby are consummated, the Lenders shall indemnify upon demand
  each Agent (and its officers, directors, employees, agents and attorneys in fact
  which are acting on behalf of the such Agent) (to the extent not reimbursed by
  or on behalf of any Credit Party and without limiting the obligation of any
  Credit Party to do so), pro rata, and hold harmless each Agent (and its
  officers, directors, employees, agents and attorneys in fact which are acting on
  behalf of such Agent) from and against any and all Indemnified Liabilities
  incurred by it; provided, however, that no Lender shall be liable
  for the payment to any Agent (and its officers, directors, employees, agents and
  attorneys in fact which are acting on behalf of such Agent) of any portion of
  such Indemnified Liabilities to the extent determined in a final, non-appealable
  judgment by a court of competent jurisdiction to have resulted from such Agent’s
  (and its officers, directors, employees, agents and attorneys in fact which are
  acting on behalf such Agent) own gross negligence or willful misconduct;
  provided, however, that no action taken in accordance with the
  directions of the Required Lenders shall be deemed to constitute gross
  negligence or willful misconduct for purposes of this Section. Without
  limitation of the foregoing, each Lender shall reimburse each Agent upon demand
  for its ratable share of any costs or out-of-pocket expenses (including, without
  limitation, the reasonable fees and disbursements of counsel) incurred by such
  Agent in connection with the preparation, execution, delivery, administration,
  modification, amendment or enforcement (whether through negotiations, legal
  proceedings or otherwise) of, or legal advice in respect of rights or
  responsibilities under, this Agreement, any other Credit Document, or any
  document contemplated by or referred to herein, to the extent that the such
  Agent is not reimbursed for such expenses by or on behalf of the Borrowers. The
  undertaking in this Section shall survive termination of the Revolving
  Commitments, the payment of all other Obligations and the resignation of the
Agents. 

11.08.      
Administrative Agent and Collateral Agent in Its Individual Capacity.
BANA and its Affiliates may make loans to, issue letters of credit for the
account of, accept deposits from, acquire equity interests in and generally
engage in any kind of banking, trust, financial advisory, underwriting or other
business with each of the Credit Parties and their respective Affiliates as
though BANA was not an Administrative Agent or the Collateral Agent hereunder
and without notice to or consent of the Lenders. The Lenders acknowledge that,
pursuant to such activities, BANA or its Affiliates may receive information
regarding any Credit Party or its Affiliates (including information that may be
subject to confidentiality obligations in favor of such Credit Party or such
Affiliate) and acknowledge that the Administrative Agents and Collateral Agent
shall be under no obligation to provide such information to them. With respect to its Loans, BANA shall have the same
rights and powers under this Agreement as any other Lender and may exercise such
rights and powers as though it were not an Administrative Agent or the
Collateral Agent, and the terms “Lender” and “Lenders” include
BANA in its individual capacity. 

11.09.       Successor
Administrative Agents.

(a)         
Any Agent may resign upon 30 days’ prior written notice to the Lenders and to
the Company. Such Agent may be replaced by the Required Lenders if it or one of
its Affiliates shall become a Defaulting Lender. If an Agent under any
Subfacility resigns or is replaced, the Agents under the other Subfacilities
shall also be deemed to have resigned and need to be replaced. If an Agent
resigns or is replaced under this Agreement, the Required Lenders shall appoint
from among the Lenders a successor administrative agent or collateral agent, as
applicable, for the Lenders under each Subfacility, which successor agent shall
be consented to by the Company at all times other than during the existence of
an Event of Default under Section 10.01 or 10.05 (which consent of
the Company shall not be unreasonably withheld or delayed). If no successor
agent is appointed prior to the effective date of the resignation of an Agent,
such Agent may appoint (if it resigns but not if it is replaced), after
consulting with the Lenders and with the consent of the Company at all times
other than during the existence of an Event of Default under Section
10.01 or 10.05 (with respect to the Company), a successor agent from
among the Lenders under each Subfacility; provided that any such
successor agent shall be either a domestic office of a commercial bank organized
under the Requirements of Law of the United States or any State thereof, or a
United States branch of a bank that is organized under the Requirements of Law
of another jurisdiction, in either case which has a combined capital and surplus
of at least $500,000,000. Upon the acceptance of its appointment as successor
agent hereunder, the Person acting as such successor agent shall succeed to all
the rights, powers and duties of the retiring Agent and the term “U.S.
Administrative Agent,” “Canadian Administrative Agent,” “Dutch Administrative
Agent,” “Administrative Agent” and/or “Collateral Agent” shall mean such
successor agent and the retiring or replaced Agent’s appointment, powers and
duties as Agent shall be terminated. After any retiring or replaced Agent’s
resignation or replacement hereunder as Agent, the provisions of this Section
11 and Section 12.01 shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Agent under this Agreement. If
no successor agent has accepted appointment as Agent by the date which is 30
days following a retiring or replaced Agent’s notice of resignation or its
replacement, the retiring or replaced Agent’s resignation or replacement shall
nevertheless thereupon become effective and the Lenders shall perform all of the
duties of the Agent hereunder until such time, if any, as the Required Lenders
appoint a successor agent as provided for above (except that in the case of any
Collateral held by the Collateral Agent on behalf of the Lenders or each Issuing
Bank under any of the Credit Documents, the retiring Collateral Agent shall
continue to hold such collateral security until such time as a successor
Collateral Agent is appointed). 

(b)         
Any resignation or replacement by BANA as administrative agent pursuant to this
Section 11.09 shall also constitute its resignation or replacement as
lender of the Swingline Loans under the relevant Subfacility to the extent that
BANA is acting in such capacity at such time. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, (i) such successor
shall succeed to and become vested with all of the rights, powers, privileges
and duties of the retiring lender of the Swingline Loans and (ii) the retiring
or replaced lender of the Swingline Loans shall be discharged from all of its
duties and obligations hereunder or under the other Credit Documents. 

(c)         
For purposes of any Dutch Security Agreement or any other right of pledge
governed by Netherlands Requirements of Law, any resignation by the
Administrative Agent is not effective with respect to its rights under a
Parallel Debt until all rights and obligations under such Parallel Debt have
been assigned and assumed to the successor agent. The Administrative Agent will
reasonably cooperate in assigning its rights under the Parallel Debts to any
such successor agent and will reasonably cooperate in transferring all rights under any Dutch Security Agreement or
any other Security Agreement governed by Netherlands Requirements of Law (as the
case may be) to such successor agent. 

11.10.      
  Administrative Agent May File Proofs of Claim. In case of the pendency of
  any receivership, insolvency, liquidation, bankruptcy, reorganization,
  arrangement, adjustment, composition or other judicial proceeding relative to
  any Credit Party, the Administrative Agent (irrespective of whether the
  principal of any Loan or LC Exposure shall then be due and payable as herein
  expressed or by declaration or otherwise and irrespective of whether the
  Administrative Agent shall have made any demand on the Borrowers) shall be
entitled and empowered, by intervention in such proceeding or otherwise: 

(a)          to file and prove a claim for the whole amount
of the principal and interest owing and unpaid in respect of the Loans, LC
Exposure and all other Obligations that are owing and unpaid and to file such
other documents as may be necessary or advisable in order to have the claims of
the Lenders, the Issuing Banks and the Administrative Agent (including any claim
for the reasonable compensation, expenses, disbursements and advances of the
Lenders, the Issuing Banks and the Administrative Agent and their respective
agents and counsel and all other amounts due the Lenders, the Issuing Banks and
the Administrative Agent under Sections 2.05 and 12.01) allowed in
such judicial proceeding; and 

(b)          to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same;
and any custodian, receiver, assignee, trustee, liquidator, sequestrator or
other similar official in any such judicial proceeding is hereby authorized by
each Lender and each Issuing Bank to make such payments to the Administrative
Agent and, in the event that the Administrative Agent shall consent to the
making of such payments directly to the Lenders and the Issuing Banks, to pay to
the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents
and counsel, and any other amounts due the Administrative Agent under
Sections 2.05 and 12.01. 

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

11.11.       Collateral
and Guarantee Matters. The Lenders and the Issuing Banks irrevocably
authorize the Administrative Agents and the Collateral Agent, to take any action
permitted by Section 12.13. 

Upon request by an Administrative
Agent or the Collateral Agent at any time, the Required Lenders will confirm in
writing the applicable Administrative Agent’s or the Collateral Agent’s, as
applicable, authority to release or subordinate its interest in particular types
or items of property, or to release any Guarantor from its obligations under the
Credit Party Guarantee pursuant to Section 12.13; provided that
such authorization shall not in any event be or become a condition to the
effectiveness of any such release or subordination if the provisions of
Section 12.13 are otherwise satisfied. 

11.12.       Bank Product
Providers. Each Secured Bank Product Provider, by delivery of a notice to
the Administrative Agent of such agreement, agrees to be bound by this
Section 11. Each such Secured Bank Product Provider shall indemnify and
hold harmless Agent-Related Persons, to the extent not reimbursed by the Credit Parties, against all claims that may
be incurred by or asserted against any Agent-Related Person in connection with
such provider’s Secured Bank Product Obligations. 

11.13.       The
  Collateral Agent. The Collateral Agent and any agent, employee or
  attorney-in-fact appointed by the “collateral agent” pursuant to Section
    11.02 for purposes of holding or enforcing any Lien on the Collateral (or
  any portion thereof) granted under the Security Documents, or for exercising any
  rights and remedies thereunder at the direction of the “collateral agent,” shall
  be entitled to the benefits of all provisions of this Section 11 and
  Section 12 as though such agent, employee or attorney-in-fact were the
  “collateral agent” under the Credit Documents, as set forth in full herein with
respect thereto. 

11.14.       Withholding
Taxes. To the extent required by any applicable Requirements of Law (as
determined in good faith by the Administrative Agent), the Administrative Agent
may withhold from any payment to any Lender under any Credit Document an amount
equivalent to any applicable withholding Tax. Without limiting or expanding the
provisions of Section 4.01, each Lender shall indemnify and hold harmless
the Administrative Agent against, and shall make payable in respect thereof
within 10 days after demand therefor, any and all Taxes and any and all related
losses, claims, liabilities and expenses (including fees, charges and
disbursements of any counsel for the Administrative Agent) incurred by or
asserted against the Administrative Agent by the Internal Revenue Service or any
other Governmental Authority as a result of the failure of the Administrative
Agent to properly withhold Tax from amounts paid to or for the account of such
Lender for any reason (including because the appropriate form was not delivered
or not properly executed, or because such Lender failed to notify the
Administrative Agent of a change in circumstance that rendered the exemption
from, or reduction of, withholding Tax ineffective). A certificate as to the
amount of such payment or liability delivered to any Lender by the
Administrative Agent shall be conclusive absent demonstrable error. Each Lender
hereby authorizes the Administrative Agent to set off and apply any and all
amounts at any time owing to such Lender under this Agreement or any other
Credit Document against any amount due the Administrative Agent under this
Section 11.14. The agreements in this Section 11.14 shall survive
the resignation and/or replacement of the Administrative Agent, any assignment
of rights by, or the replacement of, a Lender, the termination of the
Commitments and the repayment, satisfaction or discharge of all other
Obligations. For the avoidance of doubt, for purposes of this Section
11.14, the term “Lender” shall include any Issuing Bank and any Swingline
Lender. 

11.15.       Quebec
Representative. Without limiting the powers of the Collateral Agent, for the
purposes of holding any hypothec granted to the Attorney (as defined below)
pursuant to the Requirements of Law of the Province of Québec to secure the
prompt payment and performance of any and all Obligations by any Credit Party,
each of the Secured Creditors hereby irrevocably appoints and authorizes the
Collateral Agent and, to the extent necessary, ratifies the appointment and
authorization of the Collateral Agent, to act as the hypothecary representative
of the creditors as contemplated under Article 2692 of the Civil Code of Québec
(in such capacity, the “Attorney”), and to enter into, to take and to
hold on their behalf, and for their benefit, any hypothec, and to exercise such
powers and duties that are conferred upon the Attorney under any related deed of
hypothec. The Attorney shall: (a) have the sole and exclusive right and
authority to exercise, except as may be otherwise specifically restricted by the
terms hereof, all rights and remedies given to the Attorney pursuant to any such
deed of hypothec and applicable law, and (b) benefit from and be subject to all
provisions hereof with respect to the Collateral Agent mutatis mutandis,
including, without limitation, all such provisions with respect to the liability
or responsibility to and indemnification by the Secured Creditors and Credit
Parties. Any person who becomes a Secured Creditor shall, by its execution of an
Assignment and Acceptance Agreement, be deemed to have consented to and
confirmed the Attorney as the person acting as hypothecary representative
holding the aforesaid hypothecs as aforesaid and to have ratified, as of the
date it becomes a Secured Creditor, all actions taken by the Attorney in such
capacity. The substitution of the Collateral Agent pursuant to the provisions of
this Section 11.15 also constitutes the substitution of the Attorney. 

11.16.       Appointment
  of Collateral Agent as security trustee for UK Security Agreements. For the
  purposes of any Liens or Collateral created under the UK Security Agreements,
  the following additional provisions shall apply, in addition to the provisions
set out in Section 11 or otherwise hereunder. 

(a)          In this Section 11.16, the following
expressions shall have the following meanings: 

(i)          “Appointee” shall mean any receiver,
administrator or other insolvency officer appointed in respect of any Credit
Party or its assets. 

(ii)         “Charged Property” shall mean the
assets of the Credit Parties subject to a security interest under the UK
Security Agreements. 

(iii)        “Delegate”
shall mean any delegate, agent, attorney or co-trustee appointed by the
Collateral Agent (in its capacity as security trustee). 

(iv)        “UK Security Agreements” shall mean each
security document executed by any Credit Party and governed by English law in
favour of the Collateral Agent. 

(b)          The Secured Creditors appoint the Collateral
Agent to hold the security interests constituted by the UK Security Agreements
on trust for the Secured Creditors on the terms of the Credit Documents and the
Collateral Agent accepts that appointment.

(c)          The Collateral Agent, its subsidiaries and
associated companies may each retain for its own account and benefit any fee,
remuneration and profits paid to it in connection with (i) its activities under
the Credit Documents; and (ii) its engagement in any kind of banking or other
business with any Credit Party. 

(d)          Nothing in this Agreement constitutes the
Collateral Agent as a trustee or fiduciary of, nor shall the Collateral Agent
have any duty or responsibility to, any Credit Party. 

(e)          The Collateral Agent shall have no duties or
obligations to any other person except for those which are expressly specified
in the Credit Documents or mandatorily required by applicable law. 

(f)          The Collateral Agent may appoint one or more
Delegates on such terms (which may include the power to sub-delegate) and
subject to such conditions as it thinks fit, to exercise and perform all or any
of the duties, rights, powers and discretions vested in it by the UK Security
Agreements and shall not be obliged to supervise any Delegate or be responsible
to any person for any loss incurred by reason of any act, omission, misconduct
or default on the part of any Delegate. 

(g)          The Collateral Agent may (whether for the
purpose of complying with any law or regulation of any overseas jurisdiction, or
for any other reason) appoint (and subsequently remove) any person to act
jointly with the Collateral Agent either as a separate trustee or as a
co-trustee on such terms and subject to such conditions as the Collateral Agent
thinks fit and with such of the duties, rights, powers and discretions vested in
the Collateral Agent by the UK Security Agreements as may be conferred by the
instrument of appointment of that person. 

(h)          The Collateral Agent shall notify the Lenders
of the appointment of each Appointee (other than a Delegate). 

(i)          The Collateral Agent may pay reasonable
remuneration to any Delegate or Appointee, together with any costs and expenses
(including legal fees) reasonably incurred by the Delegate or Appointee in
connection with its appointment. All such remuneration, costs and expenses shall
be treated, for the purposes of this Agreement, as paid or incurred by the
Collateral Agent. 

(j)          Each Delegate and each Appointee shall have
every benefit, right, power and discretion and the benefit of every exculpation
(together “Rights”) of the Collateral Agent (in its capacity as security
trustee) under the UK Security Agreements, and each reference to the Collateral
Agent (where the context requires that such reference is to the Collateral Agent
in its capacity as security trustee) in the provisions of the UK Security
Agreements which confer Rights shall be deemed to include a reference to each
Delegate and each Appointee. 

(k)          Each Secured Creditor confirms its approval of
the UK Security Agreements and authorizes and instructs the Collateral Agent:
(i) to execute and deliver the UK Security Agreements; (ii) to exercise the
rights, powers and discretions given to the Collateral Agent (in its capacity as
security trustee) under or in connection with the UK Security Agreements
together with any other incidental rights, powers and discretions; and (iii) to
give any authorizations and confirmations to be given by the Collateral Agent
(in its capacity as security trustee) on behalf of the Secured Creditors under
the UK Security Agreements. 

(l)          The Collateral Agent may accept without
inquiry the title (if any) which any person may have to the Charged Property.

(m)          Each other Secured Creditor confirms that it
does not wish to be registered as a joint proprietor of any security interest
constituted by a UK Security Agreement and accordingly authorizes: (a) the
Collateral Agent to hold such security interest in its sole name (or in the name
of any Delegate) as trustee for the Secured Creditors; and (b) the Land Registry
(or other relevant registry) to register the Collateral Agent (or any Delegate
or Appointee) as a sole proprietor of such security interest. 

(n)          Except to the extent that a UK Security
Agreement otherwise requires, any moneys which the Collateral Agent receives
under or pursuant to a UK Security Agreement may be: (a) invested in any
investments which the Collateral Agent selects and which are authorized by
applicable law; or (b) placed on deposit at any bank or institution (including
the Collateral Agent) on terms that the Collateral Agent thinks fit, in each
case in the name or under the control of the Collateral Agent, and the
Collateral Agent shall hold those moneys, together with any accrued income (net
of any applicable Tax) to the order of the Lenders, and shall pay them to the
Lenders on demand. 

(o)          On a disposal of any of the Charged Property
which is permitted under the Credit Documents, the Collateral Agent shall (at
the cost of the Credit Parties) execute any release of the UK Security
Agreements or other claim over that Charged Property and issue any certificates
of non-crystallisation of floating charges that may be required or take any
other action that the Collateral Agent considers desirable. 

(p)          The Collateral Agent shall not be liable for:

(i)          any defect in or failure of the title (if any)
which any person may have to any assets over which security is intended to be
created by a UK Security Agreement; 

(ii)         any loss resulting from the investment or
deposit at any bank of moneys which it invests or deposits in a manner permitted
by a UK Security Agreement; 

(iii)        the exercise of, or the failure to exercise, any
right, power or discretion given to it by or in connection with any Credit
Document or any other agreement, arrangement or document entered into, or
executed in anticipation of, under or in connection with, any Credit Document;
or 

(iv)        any shortfall which arises on enforcing a UK
Security Agreement.

(q)          The Collateral Agent shall not be obligated
to: 

(i)          obtain any authorization or environmental
permit in respect of any of the Charged Property or a UK Security Agreement;

(ii)          hold in its own possession a UK Security
Agreement, title deed or other document relating to the Charged Property or a UK
Security Agreement; 

(iii)        perfect, protect, register, make any filing or give
any notice in respect of a UK Security Agreement (or the order of ranking of a
UK Security Agreement), unless that failure arises directly from its own gross
negligence or willful misconduct; or 

(iv)        require any further assurances in relation to a UK
Security Agreement.

(r)          In respect of any UK Security Agreement, the
Collateral Agent shall not be obligated to: (i) insure, or require any other
person to insure, the Charged Property; or (ii) make any enquiry or conduct any
investigation into the legality, validity, effectiveness, adequacy or
enforceability of any insurance existing over such Charged Property. 

(s)          In respect of any UK Security Agreement, the
Collateral Agent shall not have any obligation or duty to any person for any
loss suffered as a result of: (i) the lack or inadequacy of any insurance; or
(ii) the failure of the Collateral Agent to notify the insurers of any material
fact relating to the risk assumed by them, or of any other information of any
kind, unless Required Lenders have requested it to do so in writing and the
Collateral Agent has failed to do so within fourteen (14) days after receipt of
that request. 

(t)          Every appointment of a successor Collateral
Agent under a UK Security Agreement shall be by deed. 

(u)          Section 1 of the Trustee Act 2000 (UK) shall
not apply to the duty of the Collateral Agent in relation to the trusts
constituted by this Agreement. 

(v)          In the case of any conflict between the
provisions of this Agreement and those of the Trustee Act 1925 (UK) or the
Trustee Act 2000 (UK), the provisions of this Agreement shall prevail to the
extent allowed by law, and shall constitute a restriction or exclusion for the
purposes of the Trustee Act 2000 (UK). 

(w)          The perpetuity period under the rule against
perpetuities if applicable to this Agreement and any UK Security Agreement shall
be 80 years from the date of this Agreement.]

11.17.      
Authorization to Take Action Regarding Dutch Pledges. The Administrative
Agent is hereby authorized by the Lenders which are a party to this Agreement to
execute and deliver any documents necessary or appropriate to create the rights
of pledge governed by the laws of the Netherlands for the benefit of the Secured
Creditors, including the Dutch Security Agreements. Without prejudice to the
provisions of this Agreement and the other Credit Documents, the parties hereto
acknowledge and agree with the creation of parallel debt obligations of the
Dutch Credit Parties and any other Person providing security under a Dutch
Security Agreement as will be described in the Parallel Debt(s), including that
any payment received by the Administrative Agent in respect of the Parallel
Debt(s) will be deemed a satisfaction of a pro rata portion of the corresponding
amounts of the Obligations. 

Section
12      Miscellaneous.     

12.01.      Payment of Expenses,
etc.

(a)          
The Credit Parties hereby jointly and severally agree to: (i) pay all reasonable
and documented out-of-pocket costs and expenses (A) of the Agents and the Joint
Lead Arrangers and Issuing Banks (without duplication) limited, in the case of
legal fees, to the reasonable fees and disbursements of one primary counsel in
each of the U.S., Canada, the U.K. and the Netherlands, and, if reasonably
necessary, one local counsel in any relevant jurisdiction and an additional
counsel in the case of conflicts) in connection with the preparation, execution
and delivery of this Agreement and the other Credit Documents and the documents
and instruments referred to herein and therein, the administration hereof and
thereof and any amendment, waiver or consent relating hereto or thereto (whether
or not effective), (B) of the Agents and the Joint Lead Arrangers (without
duplication) in connection with their syndication efforts with respect to this
Agreement, (C) of the Agents in connection with the enforcement of this
Agreement and the other Credit Documents and the documents and instruments
referred to herein and therein or in connection with any refinancing or
restructuring of the credit arrangements provided under this Agreement in the
nature of a “work-out” or pursuant to any insolvency or bankruptcy proceedings
and (D) of the Agents in connection with Collateral monitoring, Collateral
reviews and Appraisals and Field Examinations (limited, as set forth in
Section 8.15); and (ii) indemnify each Agent, each Joint Lead Arranger,
each Lender, each Issuing Bank and their respective Affiliates and branches, and
the officers, directors, employees, controlling persons, agents, advisors and
other representatives of each of the foregoing (each, an “Indemnified
Person”) from and hold each of them harmless against any and all liabilities
(including Environmental Liabilities), losses, damages, claims and expenses to
which any such Indemnified Person may become subject, in each case arising out
of or in connection with (w) any claim, litigation, investigation or proceeding
relating to the Credit Documents, (x) any use or proposed use of proceeds
hereunder and any of the other transactions contemplated hereby and (y) to
reimburse each such Indemnified Person upon demand for any reasonable and
documented fees, disbursements and other charges of counsel (limited to one firm
of counsel for all Indemnified Persons (and, in the case of an actual or
perceived conflict of interest where the Indemnified Person affected by such
conflict has retained its own counsel, another firm of counsel for such affected
Indemnified Person) and, to the extent required, one firm of local counsel in
each relevant jurisdiction for all Indemnified Persons) incurred in connection
with investigating or defending any of the foregoing (collectively, the
“Indemnified Liabilities”); provided that the foregoing indemnity
will not, as to any Indemnified Person, apply to liabilities, losses, damages,
claims and expense to the extent that (x) such liability, loss, damage, claim or
expense resulted from the gross negligence, willful misconduct or bad faith of
such Indemnified Person, any Affiliate or branch of such Indemnified Person or
any of their respective officers, directors, employees, controlling persons,
agents, advisors and other representatives, as determined by a court of
competent jurisdiction in a final and non-appealable decision, (y) in the case
of any claim, litigation, investigation or proceeding initiated by the Company or one of
its Subsidiaries against any Agent, any Joint Lead Arranger, any Lender or any
Issuing Bank, such liability, loss, damage, claim or expense resulted from a
breach by such Agent, such Joint Lead Arranger, such Lender or Issuing Bank, as
applicable, or its Affiliates or any of its or their respective officers,
directors, employees, controlling persons, agents, advisors and other
representatives of the obligations of such Agent, such Joint Lead Arranger, such
Lender or such Issuing Bank, as applicable, hereunder as determined by a court
of competent jurisdiction in a final and non-appealable decision or (z) such
liability, loss, damage, claim or expense resulted from any claim,
investigation, litigation or proceeding solely between and among Indemnified
Persons and not arising from any act or omission by the Company or any of its
Affiliates; provided that the Agents, the Joint Lead Arrangers and the
Issuing Banks to the extent fulfilling their respective roles as an Agent, Joint
Lead Arranger or Issuing Bank hereunder and in their capacities as such, shall
remain indemnified in such claim, investigation, litigation or proceeding to the
extent the exception set forth in clause (x) of the immediately preceding
proviso does not apply to such Person at such time. For the avoidance of doubt,
this Section 12.01(a)(ii) shall not apply to any Taxes other than Taxes
that represent liabilities, obligations, losses, damages, penalties, actions,
costs, expenses and disbursements arising from a non-Tax claim. 

(b)         
  (i) No Agent or any Indemnified Person shall be responsible or liable to any
  Credit Party or any other Person for any damages arising from the use by others
  of information or other materials obtained through electronic,
  telecommunications or other information transmission systems, in each case, in
  the absence of gross negligence, willful misconduct or bad faith on the part of
  such Agent or Indemnified Person (in each case, as determined by a court of
  competent jurisdiction in a final and non-appealable judgment) and (ii) no
  Agent, Indemnified Person or Credit Party or any Subsidiary or Affiliate thereof
  shall be liable for any indirect, special, exemplary, incidental, punitive or
  consequential damages (including, without limitation, any loss of profits,
  business or anticipated savings) which may be alleged as a result of this
  Agreement or any other Credit Document or the financing contemplated hereby;
  provided that nothing in this clause (b)(ii) shall limit the Credit
  Parties’ indemnification obligations pursuant to clause (a) above to the extent
  such indirect, special, punitive or consequential damages are included in any
  third party claim in connection with which such Indemnified Person is entitled
to indemnification under clause (a) above. 

12.02.      Right of
Setoff. In addition to any rights now or hereafter granted under applicable
Requirements of Law or otherwise, and not by way of limitation of any such
rights, upon the occurrence and during the continuance of an Event of Default,
each Administrative Agent and each Lender is hereby authorized at any time or
from time to time, without presentment, demand, protest or other notice of any
kind to any Credit Party or to any other Person, any such notice being hereby
expressly waived, to set off and to appropriate and apply any and all deposits
(general or special, in whatever currency) (other than accounts used exclusively
for payroll, payroll taxes, fiduciary and trust purposes, and employee benefits)
and any other Indebtedness (in whatever currency) at any time held or owing by
such Administrative Agent or such Lender (including, without limitation, by
branches and agencies of such Administrative Agent or such Lender wherever
located) to or for the credit or the account of the Company or any Restricted
Subsidiaries against and on account of the Obligations of the Credit Parties
that are at such time due and owing to such Administrative Agent or such Lender
under this Agreement or under any of the other Credit Documents. 

12.03.      Notices.

(a)          
Except as otherwise expressly provided herein or in any other Credit Document,
all notices and other communications provided for hereunder shall be in writing
(including electronic communication) and mailed, or delivered: (x) if to any
Credit Party, c/o SunOpta Inc., 2233 Argentia Road, Suite 401, Mississauga,
Ontario L5N 2X7, Attention: Rick Albert, Treasurer, (email: rick.albert@sunopta.com); and (y) if to any Lender, at its
address specified in writing to the Administrative Agent, at the Notice Office;
or, (z) if to any Administrative Agent or the Collateral Agent, at the addresses
set forth in Schedule 12.03 and at such other address as shall be
designated by such party in a written notice to the other parties hereto. All
such notices and communications shall, when mailed, sent by electronic
transmission or sent by overnight courier, be effective five (5) Business Days
after deposit in the mails, one (1) Business Day after delivery to the overnight
courier, or when received in the case of electronic transmission, except that
notices and communications to the Administrative Agents and the Credit Parties
shall not be effective until received by the applicable Administrative Agent or
the Company, as the case may be. 

(b)          
  Notices and other communications to the Lenders hereunder may be delivered or
  furnished by electronic communications pursuant to procedures approved by the
  Administrative Agent. Each of the Administrative Agent and the Company may, in
  its respective discretion, agree to accept notices and other communications to
  it hereunder by electronic communications pursuant to procedures approved by it;
  provided that approval of such procedures may be limited to particular
notices or communications. 

12.04.      Benefit of Agreement;
Assignments; Participations, etc.

(a)          
This Agreement shall be binding upon and inure to the benefit of the Credit
Parties, the Agents, the Lenders, the Issuing Banks and their respective
successors and permitted assigns, (a) except as otherwise set forth herein or in
any other Credit Document, no Borrower shall have the right to assign its rights
or delegate its obligations under any Credit Documents; and (b) except that any
assignment, transfer, participation or other disposition by a Lender of its
rights and obligations under this Agreement or the other Credit Documents must
be made in compliance with this Section 12.04. The Administrative Agent
may treat the Person which made any Loan as the owner thereof for all purposes
until such Person makes an assignment in accordance with this Section
12.04. Any authorization or consent of a Lender shall be conclusive and
binding on any subsequent transferee, participant or assignee of such Lender.

(b)          
A Lender may assign to an Eligible Assignee any of its rights and obligations
under the Credit Documents, as long as (a) in the case of a partial assignment,
is in a minimum principal amount of $5,000,000 (unless otherwise agreed by
Administrative Agent and the Company in their reasonable discretion) and
integral multiples of $100,000 in excess of that amount; (b) except in the case
of an assignment in whole of a Lender’s rights and obligations, the aggregate
amount of the Commitments retained by the transferor Lender is at least
$5,000,000 (unless otherwise agreed by the Administrative Agent and the Company
in their reasonable discretion); and (c) except as otherwise provided in
Section 3.04, the parties to each such assignment shall execute and
deliver an Assignment and Assumption Agreement to the Administrative Agent for
acceptance and recording. For the avoidance of doubt, there is no prohibition on
assignments of Loans or Commitments under one Subfacility without a pro rata
assignment of Loans or Commitments under the other Subfacilities. Nothing herein
shall limit the right of a Lender to pledge or assign any rights under the
Credit Documents to secure obligations of such Lender to a Federal Reserve Bank;
provided, however, that no such pledge or assignment shall release
the Lender from its obligations hereunder nor substitute the pledge or assignee
for such Lender as a party hereto. 

(c)          
Upon delivery to the Administrative Agent of an assignment notice in the form of
Exhibit I and a processing fee of $3,500 (unless otherwise agreed by the
Administrative Agent in its discretion or otherwise not payable due to the
operation of Section 3.04), the assignment shall become effective as
specified in the notice, if it complies with this Section 12.04. From
such effective date, the Eligible Assignee shall for all purposes be a Lender
under the Credit Documents, and shall have all rights and obligations of a
Lender thereunder. Upon consummation of an assignment, the transferor Lender,
the Administrative Agent and the Company shall make appropriate arrangements for
issuance of replacement and/or new Notes, if applicable, but the Company shall have no
obligation to issue any new Notes unless and until the Note of the transferor
Lender shall have been returned to, and cancelled by, the Company or a lost note
affidavit reasonably satisfactory to the Company has been obtained. The
transferee Lender shall comply with Section 4 and deliver, upon request,
an administrative questionnaire satisfactory to the Administrative Agent. 

(d)         
  No assignment or participation may be made to a Borrower, Affiliate of a
  Borrower, Defaulting Lender or natural person. The Administrative Agent has no
  obligation to determine whether any assignee is permitted under the Credit
  Documents. Except as otherwise set forth in Section 3.04, any assignment
  by a Defaulting Lender shall be effective only if there is concurrent
  satisfaction of all outstanding obligations of the Defaulting Lender under the
  Credit Documents in a manner reasonably satisfactory to the Administrative Agent
  and the Company, including payment by the Eligible Assignee or Defaulting Lender
  to the Administrative Agent of an aggregate amount sufficient upon distribution
  (through direct payment, purchases of participations or other methods acceptable
  to the Administrative Agent) to satisfy all funding and payment liabilities of
  the Defaulting Lender. Except as otherwise set forth in Section 3.04, if
  assignment by a Defaulting Lender occurs (by operation of law or otherwise)
  without compliance with the foregoing sentence, the assignee shall be deemed a
Defaulting Lender for all purposes until compliance occurs. 

(e)         
The Administrative Agent, acting as a non-fiduciary agent of the Borrowers
(solely for tax purposes), shall maintain (a) a copy (or electronic equivalent)
of each Assignment and Assumption Agreement delivered to it, and (b) a register
for recordation of the names, addresses and Commitments of, and the Loans,
interest and LC Obligations owing to, each Lender. Entries in the register shall
be conclusive, absent manifest error, and Borrowers, the Administrative Agents
and Lenders shall treat each Person recorded in such register as a Lender for
all purposes under the Credit Documents, notwithstanding any notice to the
contrary. The Administrative Agent may choose to show only one Borrower as the
borrower in the register, without any effect on the liability of any Credit
Party with respect to the Obligations. The register shall be available for
inspection by the Borrowers and, solely with respect to its own Loans and
Commitments, any Lender, from time to time upon reasonable notice. 

(f)         
Subject to this Section 12.04, any Lender may sell to a financial
institution (“Participant”) a participating interest in the rights and
obligations of such Lender under any Credit Documents. Despite any sale by a
Lender of participating interests to a Participant, such Lender’s obligations
under the Credit Documents shall remain unchanged, it shall remain solely
responsible to the other parties hereto for performance of such obligations, it
shall remain the holder of its Loans and Commitments for all purposes, all
amounts payable by the Borrowers shall be determined as if it had not sold such
participating interests, and the Borrowers and the Administrative Agents shall
continue to deal solely and directly with such Lender in connection with the
Credit Documents. Each Lender shall be solely responsible for notifying its
Participants of any matters under the Credit Documents, and the Administrative
Agent and the other Lenders shall not have any obligation or liability to any
such Participant.

(g)         
The Credit Parties agree that each Participant shall be entitled to the benefits
of Sections 3.01, 3.02 and 4.01 (subject to the
requirements and limitations of such Sections and Section 3.04) to the
same extent as if it were a Lender and had acquired its interest by assignment
pursuant to Section 12.04(b); provided that a Participant shall
not be entitled to receive any greater payment under Sections
3.01, 3.02 or 4.01 hereof than the applicable Lender would
have been entitled to receive with respect to the participating interest sold to
such Participant, unless (x) the sale of the participating interest to such
Participant is made with the Company’s prior written consent (which consent
shall not be unreasonably withheld) or (y) such entitlement to receive a greater
payment results from a change in any Requirement of Law occurring after the sale
of the participation takes place. 

(h)         
Each Lender shall retain the sole right to approve, without the consent of any
Participant, any amendment, waiver or other modification of a Credit Document
other than that which requires the consent of all Lenders or each affected
Lender. 

(i)          
Each Lender that sells a participation shall, acting as a non-fiduciary agent of
the Borrowers (solely for Tax purposes), maintain a register in which it enters
the Participant’s name, address and interest in Commitments, Loans (and stated
interest) and LC Obligations. Entries in the register shall be conclusive,
absent manifest error, and such Lender shall treat each Person recorded in the
register as the owner of the participation for all purposes, notwithstanding any
notice to the contrary. No Lender shall have an obligation to disclose any
information in such register except to the extent necessary to establish that a
Participant’s interest is in registered form under the Code and Treasury
Regulations. 

12.05.      No Waiver;
Remedies Cumulative. No failure or delay on the part of the Administrative
Agents, the Collateral Agent or any Lender in exercising any right, power or
privilege hereunder or under any other Credit Document and no course of dealing
between the Borrowers or any other Credit Party and the Administrative Agents,
the Collateral Agent or any Lender shall operate as a waiver thereof; nor shall
any single or partial exercise of any right, power or privilege hereunder or
under any other Credit Document preclude any other or further exercise thereof
or the exercise of any other right, power or privilege hereunder or thereunder.
The rights, powers and remedies herein or in any other Credit Document expressly
provided are cumulative and not exclusive of any rights, powers or remedies
which the Administrative Agents, the Collateral Agent or any Lender would
otherwise have. No notice to or demand on any Credit Party in any case shall
entitle any Credit Party to any other or further notice or demand in similar or
other circumstances or constitute a waiver of the rights of the Administrative
Agents, the Collateral Agent or any Lender to any other or further action in any
circumstances without notice or demand. 

12.06.      [Reserved]. 

12.07.      GOVERNING LAW;
SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL. 

(a)          
THIS AGREEMENT (EXCEPT FOR SECTION 11.15, WHICH SHALL BE GOVERNED BY THE
LAWS OF QUEBEC) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK. 

(b)          
EACH PARTY TO THIS AGREEMENT CONSENTS TO THE EXCLUSIVE JURISDICTION OF ANY STATE
COURT SITTING IN NEW YORK COUNTRY OR THE UNITED STATES DISTRICT COURT OF THE
SOUTHERN DISTRICT OF NEW YORK, IN ANY DISPUTE, ACTION, LITIGATION OR OTHER
PROCEEDING RELATING IN ANY WAY TO ANY CREDIT DOCUMENTS, AND AGREES THAT ANY
DISPUTE, ACTION, LITIGATION OR OTHER PROCEEDING SHALL BE BROUGHT BY IT SOLELY IN
ANY SUCH COURT. EACH PARTY TO THIS AGREEMENT IRREVOCABLY AND UNCONDITIONALLY
WAIVES ALL CLAIMS, OBJECTIONS AND DEFENSES THAT IT MAY HAVE REGARDING ANY SUCH
COURT’S PERSONAL OR SUBJECT MATTER JURISDICTION, VENUE OR INCONVENIENT FORUM.
EACH PARTY TO THIS AGREEMENT IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE
JURISDICTION OF SUCH COURTS AND CONSENTS TO SERVICE OF PROCESS IN THE MANNER
PROVIDED FOR NOTICES IN SECTION 12.03. A FINAL JUDGMENT IN ANY PROCEEDING
OF ANY SUCH COURT SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS
BY SUIT ON THE JUDGMENT OR ANY OTHER MANNER PROVIDED BY APPLICABLE REQUIREMENT
OF LAW. NOTWITHSTANDING THE FOREGOING AND FOR FURTHER CERTAINTY, NOTHING IN THIS
AGREEMENT OR ANY OTHER CREDIT DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY AGENT, ANY ISSUING
BANK OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING
SOLELY TO THE CREDIT PARTY GUARANTEE AGAINST ANY CANADIAN CREDIT PARTY IN A
CANADIAN COURT. 

(c)          
  EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A
  TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
  RELATING TO THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. 

12.08.      Counterparts.
This Agreement may be executed in any number of counterparts and by the
different parties hereto on separate counterparts (including by facsimile or
other electronic transmission (i.e., a “pdf” or “tif”), each of which when so
executed and delivered shall be an original, but all of which shall together
constitute one and the same instrument. A set of counterparts executed by all
the parties hereto shall be lodged with the Company and the Administrative
Agent. 

12.09.      Headings
Descriptive. The headings of the several Sections and subsections of this
Agreement are inserted for convenience only and shall not in any way affect the
meaning or construction of any provision of this Agreement. 

12.10.      Amendment or Waiver;
etc.

(a)          
Except as otherwise set forth in this Agreement or any other Credit Document,
neither this Agreement nor any other Credit Document nor any terms hereof or
thereof may be changed, waived, discharged or terminated unless such change,
waiver, discharge or termination is in writing signed by the Credit Parties
party hereto or thereto and the Required Lenders (although additional parties
may be added to (and annexes may be modified to reflect such additions), the
Credit Party Guarantee, the Intercreditor Agreement or the Security Documents in
accordance with the provisions hereof and thereof without the consent of the
other Credit Parties party thereto or the Required Lenders); provided
that no such change, waiver, discharge or termination shall (i) without the
prior written consent of each Lender (and Issuing Bank, if applicable) directly
affected thereby, extend the Maturity Date of any Revolving Commitment, extend the U.S. Tranche B Maturity Date of the U.S. Tranche B
Revolving Commitments or increase the Revolving Commitments of any
Lender over the amount thereof then in effect, or reduce the rate or extend the
time of payment of interest or Fees thereon or reduce or forgive the principal
amount thereof or forgive the payment of such interest or Fees (it being
understood that waivers or modifications of conditions precedent, Defaults or
Events of Default shall not constitute a reduction or extension of the time of
payment of interest or Fees thereon of any Lender), (ii) release all or
substantially all of the Collateral under all the Security Documents without the
prior written consent of each Lender, (iii) release all or substantially all of
the value of the Credit Party Guarantee without the prior written consent of
each Lender or, except as otherwise expressly provided herein or in the Credit
Documents or release any Borrower with respect to whom any Credit Extension is
then outstanding, without the prior written consent of each Lender, (iv) reduce
the amount of, or extend the payment for, any required mandatory prepayments of
principal hereunder (it being understood that waivers or modifications of
conditions precedent, Defaults or Events of Default, Cash Dominion Periods (or
the thresholds or time periods for entering or exiting a Cash Dominion Period)
shall not constitute reduction or extension of the time of payment of such
principal) without the prior written consent of each Lender directly affected
thereby, (v) amend, modify or waive any pro rata sharing provision of Section
2.10, the payment waterfall provision of Section 10.11, or any
provision of this Section 12.10(a) (except for amendments with respect to
additional extensions of credit pursuant to this Agreement which afford the
protections to such additional extensions of credit of the type provided to the
Revolving Commitments on the Closing Date and amendments to effect the
provisions of Sections 2.15, 2.19 or 2.21 (including amendments of Section 12.10(a) to add Class votes for the
benefit of any Incremental FILO Facility)), in each case,
without the prior written consent of each Lender, (vi) reduce the percentage
specified in the definitions of “Required Lenders” or “Supermajority Lenders”
without the prior written consent of each Lender (it being understood that, with
the prior written consent of the Required Lenders or Supermajority Lenders, as
applicable, additional extensions of credit pursuant to this Agreement may be
included in the determination of the Required Lenders or Supermajority Lenders,
as applicable, on substantially the same basis as the extensions of Revolving
Commitments are included on the ClosingSecond Amendment
Effective Date), (vii) reduce the percentage specified in the
definition of “North American Minimum Requirement” without the prior written
consent of each Lender, (viii) consent to the assignment or transfer by any
Borrower of any of its rights and obligations under this Agreement without the
consent of each Lender or (ix) contractually subordinate the Obligations without
the consent of each Lender; provided, further, that no such
change, waiver, discharge or termination shall (1) without the consent of each
Agent adversely affected thereby, amend, modify or waive any provision of Section 11 or any other provision as same relates to the rights or
obligations of such Agent, (2) without the consent of Collateral Agent, amend,
modify or waive any provision relating to the rights or obligations of the
Collateral Agent, (3) without the consent of an Issuing Bank or a Swingline
Lender, amend, modify or waive any provision relating to the rights or
obligations of the such Issuing Bank or such Swingline Lender, (4) (x) without the prior written consent of the
Supermajority Ex-FILO Lenders, change the
definition of the terms “U.S. Tranche A Borrowing Base,” “Canadian Borrowing Base,” “Dutch Borrowing Base” or “Borrowing
Base” or any component definition used thereinof (including, without limitation, the definitions of
“Eligible Accounts”, “Eligible In-Transit Inventory”, “Eligible Insured and
Letter of Credit Backed Accounts” , “Eligible Inventory”, “Eligible Equipment”
and “Eligible Fee-Owned Real Estate”) if, as a result of such change, the
amounts available to be borrowed by the Borrowers would be increased or add any
new classes of eligible assets thereto, (y) without the
prior written consent of the Supermajority Tranche B Lenders, change the
definition of the term “U.S. Tranche B Borrowing Base” or any component
definition thereof (including, without limitation, the definitions of “Eligible
Accounts”, “Eligible In-Transit Inventory”, “Eligible Insured and Letter of
Credit Backed Accounts” and “Eligible Inventory”, “) if, as a result of such
change, the amounts available to be borrowed by the Borrowers would be increased
or add any new classes of eligible assets thereto, provided that, in each case
of clauses (x) and (y), any change to a component definition of the terms
enumerated in clause (y) which are component definitions of the term “U.S.
Tranche A Borrowing Base”, may not be changed without the prior written consent
of the Supermajority Lenders; provided that the foregoing
shall not limit the discretion of the Administrative Agent to change, establish
or eliminate any Reserves or to add Accounts and Inventory acquired in a
Permitted Acquisition to the Borrowing Base as provided herein or, (5) without
the prior written consent of each Lender, in respect of the Ex-FILO
Subfacilities, (a) increase the percentages set forth in the terms
“Canadian Borrowing Base,” “Dutch Borrowing Base,” and “U.S. Tranche
A Borrowing Base”. or (b) reduce the percentage specified in the definitions
of “Supermajority Ex-FILO Lenders” (it being understood that, with the prior
written consent of the Supermajority Ex-FILO Lenders, additional extensions of
credit pursuant to this Agreement may be included in the determination of the
Supermajority Ex-FILO Lenders, on substantially the same basis as the extensions
of Ex-FILO Revolving Commitments are included on the Second Amendment Effective
Date) and (6) without the prior written consent of each Lender in respect of the
U.S. Tranche B Subfacility, (a) increase the percentages set forth in the term
“U.S. Tranche B Borrowing Base” or (b) reduce the percentage specified in the
definitions of “Supermajority Tranche B Lenders” (it being understood that, with
the prior written consent of the Supermajority Tranche B Lenders, additional
extensions of credit pursuant to this Agreement may be included in the
determination of the Supermajority Tranche B Lenders, on substantially the same
basis as the extensions of U.S. Tranche B Revolving Commitments are included on
the Second Amendment Effective Date).

(b)         
  If, in connection with any proposed change, waiver, discharge or termination of
  any of the provisions of this Agreement as contemplated by clauses (i) through
(viii), inclusive, of the first proviso to Section 12.10(a), the consent of the Required
Lenders is obtained but the consent of one or more of such other Lenders whose
consent is required is not obtained, then the Company shall have the right, so
long as all non-consenting Lenders whose individual consent is required are
treated as described in either clause (A) or (B) below, to either (A) replace
each such non-consenting Lender or Lenders with one or more Replacement Lenders
pursuant to Section 3.04 so long as at the time of such replacement, each
such Replacement Lender consents to the proposed change, waiver, discharge or
termination or (B) terminate such non-consenting Lender’s Commitments and/or
repay the outstanding Revolving Loans of such Lender in accordance with Section 3.04; provided that, unless the Commitments that are
terminated, and Revolving Loans repaid, pursuant to the preceding clause (B) are
immediately replaced in full at such time through the addition of new Lenders or
the increase of outstanding Loans of existing Lenders (who in each case must
specifically consent thereto), then in the case of any action pursuant to the
preceding clause (B) the Required Lenders (determined after giving effect to the
proposed action) shall specifically consent thereto, provided, further, that in any event the Company shall not have the right to
replace a Lender, terminate its Commitments or repay its Revolving Loans solely
as a result of the exercise of such Lender’s rights (and the withholding of any
required consent by such Lender) pursuant to the second proviso to Section
12.10(a). 

(c)         
  Notwithstanding anything to the contrary contained in clause (a) of this
  Section 12.10, the Borrowers, the Administrative Agents, the Collateral
  Agent and each Lender providing the relevant Revolving Commitment Increase may
  (i), in accordance with the provisions of Section 2.15, enter into an
  Incremental Revolving Commitment Agreement, and (ii) in accordance with the
  provisions of Section 2.19, enter into an Extension Amendment and, in
  each case, make any changes to this Agreement (including amendments to this Section 12.10 to add Class votes for
    the benefit of any Incremental FILO Facility) in order to effect
  the provisions of such Sections as permitted by such Sections; provided
  that after the execution and delivery by the Borrowers, the Administrative
  Agents, the Collateral Agent and each such Lender may thereafter only be
  modified in accordance with the requirements of clause (a) above of this
Section 12.10. 

(d)         
Without the consent of any other Person, the applicable Credit Party or Credit
Parties and the Administrative Agent and/or Collateral Agent may (in its or
their respective sole discretion, or shall, to the extent required by any Credit
Document) enter into any amendment or waiver of any Credit Document, or enter
into any new agreement or instrument, to effect the granting, perfection,
protection, expansion or enhancement of any security interest in any Collateral
or additional property to become Collateral for the benefit of the Secured
Creditors, or as required by local Requirements of Law to give effect to, or
protect any security interest for the benefit of the Secured Creditors, in any
property or so that the security interests therein comply with applicable
Requirements of Law. 

(e)         
Anything herein to the contrary notwithstanding, during such period as a Lender
is a Defaulting Lender, to the fullest extent permitted by applicable
Requirements of Law, such Lender will not be entitled to vote in respect of
amendments, waivers and consents hereunder and the Commitment and the
outstanding Loans or other extensions of credit of such Lender hereunder will
not be taken into account in determining whether the Required Lenders or all of
the Lenders, as required, have approved any such amendment, waiver or consent
(and the definitions of “Supermajority Lenders” “Supermajority Ex-FILO Lenders”, “Supermajority Tranche B
Lenders” and “Required Lenders” will automatically be deemed modified
accordingly for the duration of such period); provided that (i) any waiver,
amendment or modification requiring the consent of all Lenders or each affected
Lender which affects such Defaulting Lender differently than other affected
Lenders shall require the consent of such Defaulting Lender and (ii) the
Revolving Commitment of any Defaulting Lender may not be increased or extended
without the consent of such Lender. 

(f)        
  Further, notwithstanding anything to the contrary contained in this
Section 12.10, if following the Closing Date, the Administrative Agent
and any Credit Party shall have jointly identified an any error, ambiguity,
omission, defect or inconsistency, in each case, in any provision of the Credit
Documents, then the Administrative Agent and the Credit Parties shall be
permitted to amend such provision by an agreement in writing (including, without
limitation any amendment, supplement or waiver to this Agreement, any Security
Document, any guarantee, any intercreditor agreement or any related document
executed by any Credit Party or any other Subsidiary of the Company in
connection with this Agreement or any other Credit Document if such amendment,
supplement or waiver is delivered in order to cause this Agreement or such
Security Agreement, guarantee, intercreditor agreement or related document, as
applicable, to be consistent with this Agreement and the other Credit Documents)
and such amendment shall become effective without any further action or consent
of any other party to any Credit Documents if the same is not objected to in
writing by the Required Lenders within five (5) Business Days following receipt
of notice thereof. 

(g)        
  Notwithstanding the foregoing, (A) the consent of the Lenders or the
Required Lenders, as the case may be, shall not be required to make any such
changes necessary to be made in connection with any
borrowing of an Incremental FILO Facility to effect the provisions of
Section
2.15 or, the
provision of any Revolving Commitment Increase or otherwise to effect the
provisions of Section 2.15, 2.19, 2.20 or 2.21 or to
update Schedule 1.01D after any Fixed Asset Reappraisal Event as
described in the definitions of the terms “Canadian Borrowing Base” and “U.S.
Tranche A Borrowing Base” and (B) the Company,
the Administrative Agents, the Collateral Agent and the other Credit Parties
may, without the input or consent of the other Lenders, (i) negotiate the form
of any Mortgage or other Security Document as may be necessary or appropriate in
the opinion of the Administrative Agent and the Company (x) in connection with
any Additional Account Security Action or Additional Inventory Security Action,
(y) to comply with the Collateral and Guarantee Requirement or (z) to otherwise
comply with this Agreement, (ii) execute, deliver and perform any new Security
Document or intercreditor agreement or amendment to any Security Document or
intercreditor agreement or enter into any amendment to the Security Documents or
intercreditor agreement as may be necessary or appropriate in the opinion of the
Administrative Agent and the Company (x) in connection with any Additional
Account Security Action or Additional Inventory Security Action, (y) to comply
with the Collateral and Guarantee Requirement or (z) otherwise comply with this
Agreement and (iii) terminate any Security Document not required by the
Collateral and Guarantee Requirement. 

(h)          
To the extent notice has been provided to the Administrative Agent pursuant to
Section 2.15 with respect to any new financial maintenance covenant or
any more restrictive financial maintenance covenant, this Agreement shall be
automatically and without further action on the part of any Person hereunder and
notwithstanding anything to the contrary in this Section 12.10 deemed
modified to include such financial maintenance covenant or such more restrictive
financial maintenance covenant on the date of the Incurrence of the applicable
Indebtedness to the extent required by the terms of such section. 

12.11.      Survival. All
indemnities set forth herein including, without limitation, in Sections
3.01, 3.02, 4.01, 11.07 and 12.01 shall survive
the execution, delivery and termination of this Agreement and the Notes and the
making and repayment of the Obligations. 

12.12.      Domicile of
Loans. Each Lender may transfer and carry its Revolving Loans at, to or for
the account of any office, branch, Subsidiary or Affiliate of such Lender.
Notwithstanding anything to the contrary contained herein, to the extent that a
transfer of Loans pursuant to this Section 12.12 would, at the time of
such transfer, result in increased costs under Section 3.01 or
4.01 from those being charged by the respective Lender prior to such
transfer, then the Borrowers shall not be obligated to pay such increased costs (although the Borrowers shall be obligated to
pay any other increased costs of the type described above resulting from changes
after the date of the respective transfer). 

12.13.      Release of Collateral
or Guarantors.

(a)         
The Agents, the Lenders and the Issuing Banks hereby irrevocably agree that the
Liens granted to the Collateral Agent by the Credit Parties on any Collateral
shall be automatically released (i) in full, as set forth in clause (b) below,
(ii) upon the sale, transfer or other disposition of such Collateral (including
as part of or in connection with any other sale, transfer or other disposition
permitted hereunder) to any Person other than another Credit Party, to the
extent such sale, transfer or other disposition is made in compliance with the
terms of this Agreement (and the Administrative Agents and Collateral Agent may
rely conclusively on a certificate to that effect provided to it by any Credit
Party upon its reasonable request without further inquiry), (iii) to the extent
such Collateral is comprised of property leased to a Credit Party by a Person
that is not a Credit Party, upon termination or expiration of such lease, (iv)
if the release of such Lien is approved, authorized or ratified in writing by
the Required Lenders (or such other percentage of the Lenders whose consent may
be required in accordance with Section 12.10), (v) to the extent the
property constituting such Collateral is owned by any Guarantor, upon the
release of such Guarantor from its obligations under its Guarantee, (vi) as
required by Collateral Agent to effect any sale, transfer or other disposition
of Collateral in connection with any exercise of remedies of the Collateral
Agent pursuant to the Security Documents, and (vii) upon the request of the
Company, any asset or property of any Credit Party included in the Collateral to
the extent such asset or property is not required by the Collateral and
Guarantee Requirement to be included in the Collateral, so long as upon the
release of the Collateral Agent’s Lien on such asset or property, such property
or asset is no longer included in the Borrowing Base and the Company shall
continue to be in compliance with the Collateral and Guarantee Requirement. Any
such release shall not in any manner discharge, affect, or impair the
Obligations or any Liens (other than those being released) upon all interests
retained by the Credit Parties, including the proceeds of any disposition, all
of which shall continue to constitute part of the Collateral except to the
extent otherwise released in accordance with the provisions of the Credit
Documents. Additionally, the Agents, the Lenders and the Issuing Banks hereby
irrevocably agree that each Guarantor shall be released from its Guarantee upon
consummation of any transaction permitted hereunder resulting in such Subsidiary
ceasing to constitute a Restricted Subsidiary, or otherwise becoming an Excluded
Subsidiary. The Lenders and the Issuing Banks hereby authorize the
Administrative Agents and the Collateral Agent, as applicable, to execute and
deliver any instruments, documents, and agreements necessary or desirable to
evidence and confirm the release of any Guarantor or Collateral pursuant to the
foregoing provisions of this paragraph, all without the further consent or
joinder of any Lender or any Issuing Bank. Any representation, warranty or
covenant contained in any Credit Document relating to any such released
Collateral or Guarantor shall no longer be deemed to be repeated. 

(b)          
Upon the occurrence of the Payment in Full Date, upon request of the Company,
the Administrative Agents and/or the Collateral Agent, as applicable, shall
(without notice to, or vote or consent of, any Secured Creditor) take such
actions as shall be required to release its security interest in all Collateral,
and to release all obligations under, and terminate, any Credit Document,
whether or not on the date of such release and termination there may be any (i)
Secured Bank Product Obligations or (ii) any contingent indemnification
obligations or other contingent obligations not then due and payable. Any such
release and termination of Obligations shall be deemed subject to the provision
that such Obligations shall be reinstated if after such release any portion of
any payment in respect of the Obligations guaranteed thereby shall be rescinded
or must otherwise be restored or returned upon the insolvency, bankruptcy,
dissolution, liquidation or reorganization of the Borrower or any Guarantor, or
upon or as a result of the appointment of a receiver, intervenor or conservator
of, or trustee or similar officer for, the Borrower or any Guarantor or any substantial part of its
property, or otherwise, all as though such payment had not been made. 

12.14.     
Confidentiality.

(a)         
 Each Agent, Joint Lead Arranger, Co-Syndication Agent, Documentation
Agent, Lender and Issuing Bank agrees to maintain the confidentiality of the
Information and not to use or disclose such Information, except that each Agent,
Joint Lead Arranger, Co-Syndication Agent, Documentation Agent, Lender and
Issuing Bank may disclose the Information (i) to its Affiliates and its and its
Affiliates’ respective officers, directors, employees, legal counsel,
independent auditors and other experts, advisors or agents who need to know such
information in connection with this Agreement and are informed of the
confidential nature of such information and who are subject to customary
confidentiality obligations of professional practice or who agree to be bound by
the terms of this Section 12.14 (or language substantially similar to
this Section 12.14) (with each such Agent, Joint Lead Arranger,
Co-Syndication Agent, Documentation Agent, Lender and Issuing Bank, to the
extent such Person is within its control, responsible for such Person’s
compliance with this Section 12.14), (ii) to the extent such Information
becomes publicly available other than by reason of disclosure by any Agent,
Joint Lead Arranger, Co-Syndication Agent, Documentation Agent, Lender or
Issuing Bank or, in each case, its Affiliates or any of its or their respective
officers, directors, employees, legal counsel, independent auditors or other
experts, advisors or agents in violation of this Section 12.14 or any
similar confidentiality agreement binding on such Person, (iii) pursuant to the
order of any court or administrative agency in any pending legal or
administrative proceeding or otherwise as required by applicable law or
compulsory legal process (in which case such Agent, Joint Lead Arranger,
Co-Syndication Agent, Documentation Agent, Lender or Issuing Bank, as
applicable, agrees (except with respect to any audit or examination conducted by
bank accountants or any governmental bank regulatory authority exercising
examination or regulatory authority) to inform the Company promptly thereof
prior to disclosure thereof to the extent practicable and not prohibited by
applicable law), (iv) upon the request or demand of any regulatory authority
having jurisdiction over such Agent, Joint Lead Arranger, Co-Syndication Agent,
Documentation Agent, Lender or Issuing Bank, as applicable, or its Affiliates
(in which case, such Agent, Joint Lead Arranger, Co-Syndication Agent,
Documentation Agent, Lender or Issuing Bank, as applicable, agrees (except with
respect to any audit or examination conducted by bank accountants or any
governmental bank regulatory authority exercising examination or regulatory
authority) to inform the Company promptly thereof prior to disclosure thereof to
the extent practicable and not prohibited by applicable law), (v) to the extent
such Information is received by the such Agent, Joint Lead Arranger,
Co-Syndication Agent, Documentation Agent, Lender or Issuing Bank from a third
party that is not, to the knowledge of such Agent, Joint Lead Arranger,
Co-Syndication Agent, Documentation Agent, Lender or Issuing Bank (as
applicable), subject to contractual or fiduciary confidentiality obligations
owing to the Company, its Subsidiaries or their respective Affiliates or its or
their respective officers, directors, employees, legal counsel, independent
auditors and other experts, advisors or agents or to the extent such Information
is developed independently by such Agent, Joint Lead Arranger, Co-Syndication
Agent, Documentation Agent, Lender or Issuing Bank without the use of
confidential information in violation of this Section 12.14, (vi) to (A)
any assignee or Participant in, or prospective assignee or Participant, any of
its rights and obligations under this Agreement or (B) any prospective or actual
counterparty (or such counterparty’s affiliates and its and their respective
officers, directors, employees, legal counsel, independent auditors or other
experts, advisors or agents) in any swap, derivative or other transaction under
which the payments are to be made by reference to the Borrowers and their
obligations, the Agreement or payments hereunder; provided that in each
case of clauses (A) and (B), the relevant Person is advised of and agrees to be
bound by the provisions of this Section 12.14 or other provisions at
least as restrictive as this Section 12.14, (vii) for purposes of
establishing a “due diligence” defense under applicable federal securities law
or (viii) with the prior written consent of the Company. For purposes of this
Section 12.14, “Information” shall mean all information furnished
by or on behalf of the Company and its Subsidiaries relating to the Company or
its Subsidiaries or any of their businesses, other than any
such information that is publicly available to any Agent, any Joint Lead
Arranger, any Co-Syndication Agent, Documentation Agent, any Lender or any
Issuing Bank prior to disclosure by or on behalf of the Company and its
Subsidiaries other than as a result of a breach of this Section 12.14 or
similar obligation of confidentiality, including, without limitation,
information delivered pursuant to Section 8.01. 

12.15.      USA Patriot Act
  Notice. Each Lender hereby notifies the Borrowers that pursuant to the
  requirements of the USA PATRIOT Act Title III of Pub. 107-56 (signed into law
  October 26, 2001 and amended on March 9, 2009) (the “Patriot Act”) and
  other applicable anti-money laundering, anti-terrorist financing, government
  sanction and “know your client” policies, regulations, laws or rules and
  Anti-Terrorism Laws, it is required to obtain, verify, and record information
  that identifies the Borrowers and each Subsidiary Guarantor, which information
  includes the name of each Credit Party and other information that will allow
  such Lender to identify the Credit Party in accordance therewith, and each
  Credit Party agrees to provide such information from time to time to any Lender.

12.16.      Waiver of
Sovereign Immunity. Each of the Credit Parties, in respect of itself, its
Subsidiaries, its process agents and its properties and revenues, hereby
irrevocably agrees that, to the extent that the Borrowers, or any of their
respective Subsidiaries or any of their properties has or may hereafter acquire
any right of immunity, whether characterized as sovereign immunity or otherwise,
from any legal proceedings, whether in the United States or elsewhere, to
enforce or collect upon the Loans or any Credit Document or any other liability
or obligation of the Borrowers, or any of their respective Subsidiaries related
to or arising from the transactions contemplated by any of the Credit Documents,
including, without limitation, immunity from service of process, immunity from
jurisdiction or judgment of any court or tribunal, immunity from execution of a
judgment, and immunity of any of its property from attachment prior to any entry
of judgment, or from attachment in aid of execution upon a judgment, the
Borrowers, for themselves and on behalf of their respective Subsidiaries, hereby
expressly waive, to the fullest extent permissible under applicable law, any
such immunity, and agree not to assert any such right or claim in any such
proceeding, whether in the United States or elsewhere. Without limiting the
generality of the foregoing, the Company further agrees that the waivers set
forth in this Section 12.16 shall have the fullest extent permitted under
the Foreign Sovereign Immunities Act of 1976 of the United States and other
applicable Requirements of Law and are intended to be irrevocable for purposes
of such Act and such other applicable Requirements of Law. 

12.17.      Canadian
Anti-Money Laundering Legislation. If the Administrative Agent has
ascertained the identity of any Canadian Credit Party or any authorized
signatories of any Canadian Credit Party for the purposes of the PCMLTFA and
other applicable Anti-Terrorism Laws and “know your client” policies or
Requirements of Law and such other Anti-Terrorism Laws applicable in Canada, as
well as all applicable “know your client” policies or Requirements of Law,
collectively, including any guidelines or orders thereunder, “AML
Legislation”), then the Administrative Agent: 

(a)          
shall be deemed to have done so as an agent for each Lender and this Agreement
shall constitute a “written agreement” in such regard between each Lender and
the Administrative Agent within the meaning of the applicable AML Legislation;
and 

(b)           shall provide to the Lenders, copies of
all information obtained in such regard without any representation or warranty
as to its accuracy or completeness. 

Notwithstanding the preceding
sentence and except as may otherwise be agreed in writing, each Lender agrees
that the Administrative Agent has no obligation to ascertain the identity of the
Canadian Credit Parties or any authorized signatories of the Canadian Credit
Parties on behalf of any Lender, or to confirm the completeness or accuracy of any information it
obtains from any Canadian Credit Party or any such authorized signatory in doing
so. 

12.18.      Absence of
  Fiduciary Relationship. Notwithstanding any other provision of this
  Agreement or any provision of any other Credit Document, (i) none of the Joint
  Lead Arrangers, the Co-Syndication Agents, the Documentation Agent or any Lender
  shall, solely by reason of this Agreement or any other Credit Document, have any
  fiduciary, advisory or agency relationship or duty in respect of any Lender or
  any other Person and (ii) the Borrowers hereby agree not to assert any claims
  they may have against any Joint Lead Arranger, any Co-Syndication Agent, the
  Documentation Agent or any Lender for breach of fiduciary duty or alleged breach
  of fiduciary duty in connection with such Persons serving in such capacities
  under this Agreement and the other Credit Documents. Each Agent, Lender and
  their Affiliates may have economic interests that conflict with those of the
Credit Parties, their stockholders and/or their Affiliates. 

12.19.      Electronic
Signatures. The words “execution,” “signed,” “signature,” and words of like
import in any Credit Document shall be deemed to include electronic signatures
or the keeping of records in electronic form, each of which shall be of the same
legal effect, validity or enforceability as a manually executed signature or the
use of a paper-based record keeping system, as the case may be, to the extent
and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state law based on the Uniform
Electronic Transactions Act; provided that notwithstanding anything
contained herein to the contrary the Administrative Agent is under no obligation
to agree to accept electronic signatures in any form or in any format unless
expressly agreed to by the Administrative Agent pursuant to procedures approved
by it; provided, further, that the Administrative Agent expressly
agrees to accept any facsimile or other electronic transmission (i.e. “pdf” or
“tif”) of any manually executed signature page to this Agreement, any other
Credit Document or any notice, certificate or other document delivered in
connection therewith. 

12.20.      Judgment
Currency. If, for purposes of obtaining judgment in any court, it is
necessary to convert a sum from the currency provided under a Credit Document
(“Agreement Currency”) into another currency, the rate of exchange used
shall be the Spot Rate for conversion into Dollars or, for conversion into
another currency, the Spot Rate for the purchase of the Agreement Currency with
such other currency through the Administrative Agent’s principal foreign
exchange trading office for the other currency during such office’s preceding
Business Day. Notwithstanding any judgment in a currency (“Judgment
Currency”) other than the Agreement Currency, a Credit Party shall discharge
its obligation in respect of any sum due under a Credit Document only if, on the
Business Day following receipt by the Administrative Agent of payment in the
Judgment Currency, the Administrative Agent can use the amount paid to purchase
the sum originally due in the Agreement Currency. If the purchased amount is
less than the sum originally due, such Credit Party agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the
Administrative Agent and Lenders against such loss. If the purchased amount is
greater than the sum originally due, the Administrative Agent shall return the
excess amount to such Credit Party (or to the Person legally entitled thereto).

12.21.      Dutch Credit
Party Representation. If any Dutch Credit Party is represented by an
attorney in connection with the signing and/or execution of this Agreement
(including by way of accession to this Agreement) or any other agreement, deed
or document referred to in or made pursuant to this Agreement, it is hereby
expressly acknowledged and accepted by the other parties to this Agreement that
the existence and extent of the attorney’s authority and the effects of the
attorney’s exercise or purported exercise of his or her authority shall be
governed by the law of the Netherlands.

12.22.      Acknowledgement
and Consent to Bail-In of EEA Financial Institutions. Notwithstanding
anything to the contrary in any Credit Document or in any other agreement,
arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any EEA Financial Institution arising under
any Credit Document, to the extent such liability is unsecured, may be subject
to the write-down and conversion powers of an EEA Resolution Authority and
agrees and consents to, and acknowledges and agrees to be bound by: 

(a)           the application of any Write-Down and
Conversion Powers by an EEA Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any party hereto that is an EEA
Financial Institution; and 

(b)           the effects of any Bail-In Action on any
such liability, including, if applicable: 

(i)          a reduction in full or in part or cancellation
of any such liability; 

(ii)         a conversion of all, or a portion of, such
liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued
to it or otherwise conferred on it, and that such shares or other instruments of
ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Credit Document; or 

the variation of the terms of
such liability in connection with the exercise of the write-down and conversion
powers of any EEA Resolution Authority. 

Section
13      Credit Party Guarantee.

13.01.      The
Guarantee. In order to induce the Administrative Agent, the Collateral
Agent, the Issuing Banks and the Lenders to enter into this Agreement and to
extend credit hereunder, and to induce the other Guaranteed Creditors to enter
into Secured Bank Product Obligations in recognition of the direct benefits to
be received by each Credit Party from the proceeds of the Revolving Loans and
the entering into of such Secured Bank Product Obligations, each Credit Party
hereby agrees with the Guaranteed Creditors as follows: until the Payment in
Full Date, each Credit Party hereby unconditionally and irrevocably guarantees
(other than its own Obligations) as primary obligor and not merely as surety the
full and prompt payment when due, whether upon maturity, acceleration or
otherwise, of any and all of the Obligations to the Guaranteed Creditors. If any
or all of the Obligations of any Credit Party to the Guaranteed Creditors
becomes due and payable hereunder, such Credit Party, unconditionally and
irrevocably, promises to pay such Obligations to the Administrative Agents
and/or the other Guaranteed Creditors or order, on demand, together with any and
all expenses which may be incurred by the Administrative Agent and the other
Guaranteed Creditors in collecting any of the Obligations. This Credit Party
Guarantee is a guarantee of payment and not of collection. Until the Payment in
Full Date, this Credit Party Guarantee is a continuing one and all liabilities
to which it applies or may apply under the terms hereof shall be conclusively
presumed to have been created in reliance hereon. If a claim is ever made upon
any Guaranteed Creditor for repayment or recovery of any amount or amounts
received in payment or on account of any of the Obligations and any of the
aforesaid payees repays all or part of said amount by reason of (i) any
judgment, decree or order of any court or administrative body having
jurisdiction over such payee or any of its property or (ii) any settlement or
compromise of any such claim effected by such payee with any such claimant
(including any Guaranteed Party), then and in such event the respective Credit
Party agrees that any such judgment, decree, order, settlement or compromise
shall be binding upon such Credit Party, notwithstanding any revocation of this
Credit Party Guarantee or any other instrument evidencing any liability of any
Guaranteed Party, and each Credit Party shall be and remain liable to the aforesaid payees hereunder for the amount
so repaid or recovered to the same extent as if such amount had never originally
been received by any such payee until the Payment in Full Date. 

13.02.      Bankruptcy.
  Additionally, each Credit Party unconditionally and irrevocably guarantees the
  payment of any and all of its Obligations to the Guaranteed Creditors whether or
  not due or payable by any Guaranteed Party upon the occurrence of any of the
  events specified in Section 10.05, and irrevocably and unconditionally
  promises to pay such indebtedness to the Guaranteed Creditors, or order, on
demand, in the currency in which the obligation was originally denominated. 

13.03.      Nature of
Liability. The liability of each Credit Party hereunder is primary, absolute
and unconditional, exclusive and independent of any security for or other
guarantee of the Obligations, whether executed by any other guarantor or by any
other party, and each Credit Party understands and agrees, to the fullest extent
permitted under law, that the liability of such Credit Party hereunder shall not
be affected or impaired by (a) any direction as to application of payment by any
Guaranteed Party or by any other party, or (b) any other continuing or other
guarantee, undertaking or maximum liability of a guarantor or of any other party
as to the Obligations, or (c) any payment on or in reduction of any such other
guarantee or undertaking (other than in connection with the Payment in Full
Date), or (d) any dissolution, termination or increase, decrease or change in
personnel by any Guaranteed Party, or (e) any payment made to any Guaranteed
Creditor on the Obligations which any such Guaranteed Creditor repays to any
Guaranteed Party pursuant to court order in any bankruptcy, insolvency,
receivership, reorganization, arrangement, moratorium, winding up or other
debtor relief proceeding, and each Credit Party waives any right to the deferral
or modification of its obligations hereunder by reason of any such proceeding,
or (f) any action or inaction by the Guaranteed Creditors as contemplated in
Section 13.05, or (g) any invalidity, irregularity or enforceability of
all or any part of the Obligations or of any security therefor, or (h) any
change in the corporate existence, structure or ownership of any Credit Party or
any other Person liable for any of the Obligations, or (i) any bankruptcy,
insolvency, receivership, reorganization, arrangement, moratorium, winding up or
other debtor relief proceeding affecting any Credit Party, or their assets or
any resulting release or discharge of any obligation of any Credit Party, or (j)
the existence of any claim, setoff or other rights which any Credit Party may
have at any time against any other Credit Party, a Guaranteed Creditor, or any
other Person, whether in connection herewith or in any unrelated transactions,
or (k) any other circumstance which might otherwise constitute a defense
available to, or a discharge of, a Credit Party in respect of the Obligations or
a Credit Party in respect of this Credit Party Guarantee or the Obligations
other than the occurrence of the Payment in Full Date. 

13.04.      Independent
Obligation. The obligations of each Credit Party hereunder are independent
of the obligations of any other guarantor, any other party or any Guaranteed
Party, and a separate action or actions may be brought and prosecuted against
any Credit Party (and solely with respect to a Canadian Credit Party relating to
the Credit Party Guarantee, may be brought and prosecuted in a Canadian court)
whether or not action is brought against any other guarantor, any other party or
any Guaranteed Party and whether or not any other guarantor, any other party or
any Guaranteed Party be joined in any such action or actions. Each Credit Party
waives, in its capacity as a Guarantor, to the fullest extent permitted by law,
the benefit of any statute of limitations affecting its liability hereunder or
the enforcement thereof. Any payment by any Guaranteed Party or other
circumstance which operates to toll any statute of limitations as to such
Guaranteed Party shall operate to toll the statute of limitations as to the
relevant Credit Party. 

13.05.     
Authorization. To the fullest extent permitted under all law, each Credit
Party authorizes the Guaranteed Creditors without notice or demand, and without
affecting or impairing its liability hereunder, from time to time to: 

(a)          change the manner, place or terms of payment
of, and/or change or extend the time of payment of, renew, increase, accelerate
or alter, any of the Obligations (including any increase or decrease in the principal amount thereof or the
rate of interest or fees thereon), any security therefor, or any liability
incurred directly or indirectly in respect thereof, and this Credit Party
Guarantee shall apply to the Obligations as so changed, extended, renewed or
altered; 

(b)          take and hold security for the payment of the
  Obligations and sell, exchange, release, impair, surrender, realize upon or
  otherwise deal with in any manner and in any order any property by whomsoever at
  any time pledged or mortgaged to secure, or howsoever securing, the Obligations
  or any liabilities (including any of those hereunder) incurred directly or
indirectly in respect thereof or hereof, and/or any offset there against; 

(c)          exercise or refrain from exercising any rights
against any Guaranteed Party, any other Credit Party or others or otherwise act
or refrain from acting; 

(d)          release or substitute any one or more
endorsers, guarantors, any Guaranteed Party, other Credit Parties or other
obligors; 

(e)          settle or compromise any of the Obligations,
any security therefor or any liability (including any of those hereunder)
incurred directly or indirectly in respect thereof or hereof, and may
subordinate the payment of all or any part thereof to the payment of any
liability (whether due or not) of any Guaranteed Party to its creditors other
than the Guaranteed Creditors; 

(f)           apply any sums by whomsoever paid or
howsoever realized to any liability or liabilities of any Guaranteed Party to
the Guaranteed Creditors regardless of what liability or liabilities of such
Guaranteed Party remain unpaid; 

(g)          consent to or waive any breach of, or any act,
omission or default under, this Agreement, any other Credit Document, any
Secured Bank Product Obligation or any of the instruments or agreements referred
to herein or therein, or otherwise amend, modify or supplement this Agreement,
any other Credit Document, any Secured Bank Product Obligation or any of such
other instruments or agreements; and/or 

(h)          take any other action which would, under
otherwise applicable principles of common law, give rise to a legal or equitable
discharge of such Credit Party from its liabilities under this Credit Party
Guarantee. 

13.06.      Reliance. It
is not necessary for any Guaranteed Creditor to inquire into the capacity or
powers of any Guaranteed Party or the officers, directors, partners or agents
acting or purporting to act on their behalf, and any obligations made or created
in reliance upon the professed exercise of such powers shall be guaranteed
hereunder. 

13.07.     
Subordination. Any indebtedness of any Guaranteed Party now or hereafter
owing to any Credit Party is hereby subordinated to the Obligations of such
Guaranteed Party owing to the Guaranteed Creditors; and if the Administrative
Agent so requests at a time when an Event of Default is then continuing, all
such indebtedness of such Guaranteed Party to such Credit Party shall be
collected, enforced and received by such Credit Party for the benefit of the
Guaranteed Creditors and be paid over to the Administrative Agent on behalf of
the Guaranteed Creditors on account of the Obligations of such Guaranteed Party
to the Guaranteed Creditors, but without affecting or impairing in any manner
the liability of any Credit Party under the other provisions of this Credit
Party Guarantee. Without limiting the generality of the foregoing, each Credit
Party hereby agrees with the Guaranteed Creditors that it will not exercise any
right of subrogation which it may at any time otherwise have as a result of this
Credit Party Guarantee (whether contractual, under Section 509 of the
Bankruptcy Code or otherwise) until all Obligations have been irrevocably paid
in full in cash. 

13.08.      Waiver.

(a)          
Each Credit Party waives any right (except as shall be required by applicable
law and cannot be waived) to require any Guaranteed Creditor to (i) proceed
against any Guaranteed Party, any other guarantor or any other party, or against
a Canadian Credit Party relating solely to the Credit Party Guarantee in a
Canadian court, (ii) proceed against or exhaust any security held from any
Guaranteed Party, any other guarantor or any other party or (iii) pursue any
other remedy in any Guaranteed Creditor’s power whatsoever. For purposes of the
law of the Province of Quebec, if applicable, each Credit Party waives, in its
capacity as a Guarantor, the benefits of division and discussion. Each Credit
Party waives any defense (except as shall be required by applicable law and
cannot be waived) based on or arising out of any defense of any Guaranteed
Party, any other guarantor or any other party, other than payment of the
Obligations to the extent of such payment, based on or arising out of the
disability of any Guaranteed Party, any other guarantor or any other party, or
the validity, legality or unenforceability of the Obligations or any part
thereof from any cause, or the cessation from any cause of the liability of any
Guaranteed Party other than payment of the Obligations to the extent of such
payment. The Guaranteed Creditors may, at their election, foreclose on any
security held by the Administrative Agent, the Collateral Agent or any other
Guaranteed Creditor by one or more judicial or nonjudicial sales, whether or not
every aspect of any such sale is commercially reasonable (to the extent such
sale is permitted by applicable law), or exercise any other right or remedy the
Guaranteed Creditors may have against any Guaranteed Party or any other party,
or any security, without affecting or impairing in any way the liability of any
Credit Party hereunder except to the extent the Obligations have been paid. Each
Credit Party waives, to the fullest extent permitted under law, any defense
arising out of any such election by the Guaranteed Creditors, even though such
election operates to impair or extinguish any right of reimbursement or
subrogation or other right or remedy of such Credit Party against any Guaranteed
Party or any other party or any security. 

(b)          
Each Credit Party waives, to the fullest extent permitted under law, all
presentments, demands for performance, protests and notices, including, without
limitation, notices of nonperformance, notices of protest, notices of dishonor,
notices of acceptance of this Credit Party Guarantee, and notices of the
existence, creation or incurring of new or additional Obligations. Each Credit
Party assumes all responsibility for being and keeping itself informed of each
Guaranteed Party’s financial condition and assets, and of all other
circumstances bearing upon the risk of nonpayment of the Obligations and the
nature, scope and extent of the risks which such Credit Party assumes and incurs
hereunder, and agrees that neither the Administrative Agent nor any of the other
Guaranteed Creditors shall have any duty to advise any Credit Party of
information known to them regarding such circumstances or risks. 

13.09.      Maximum
Liability. It is the desire and intent of each Credit Party and the
Guaranteed Creditors that this Credit Party Guarantee shall be enforced against
such Credit Party to the fullest extent permissible under all law and public
policies applied in each jurisdiction in which enforcement is sought. If,
however, and to the extent that, the obligations of any Credit Party under this
Credit Party Guarantee shall be adjudicated to be invalid or unenforceable for
any reason (including, without limitation, because of any applicable federal,
state, provincial or foreign law relating to fraudulent conveyances or
transfers), then the amount of such Credit Party’s obligations under this Credit
Party Guarantee shall be deemed to be reduced and such Credit Party shall pay
the maximum amount of the Obligations which would be permissible under
applicable law. 

13.10.      Payments. All
payments made by a Credit Party pursuant to this Section 13 will be made
without setoff, counterclaim or other defense, and shall be subject to the
provisions of Section 2.06. 

13.11.      [Reserved].

13.12.      Information. Each
Credit Party assumes all responsibility for being and keeping itself informed of
each applicable Borrower’s financial condition and assets, and of all other
circumstances bearing upon the risk of non-payment of the Obligations and the
nature, scope and extent of the risks that each Credit Party assumes and incurs
under this guarantee, and agrees that no Guaranteed Creditor shall have any duty
to advise any Credit Party of information known to it regarding those
circumstances or risks. 

13.13.      Severability.
If any provision of this Agreement or the other Credit Documents is held to be
illegal, invalid or unenforceable, (a) the legality, validity and enforceability
of the remaining provisions of this Agreement and the other Credit Documents
shall not be affected or impaired thereby and (b) the parties shall endeavor in
good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as
possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. Without limiting
the foregoing provisions of this Section 13.13, if and to the extent that
the enforceability of any provisions in this Agreement relating to Defaulting
Lenders shall be limited by Debtor Relief Laws, as determined in good faith by
the Administrative Agent, the Issuing Banks or the Swingline Lenders, as
applicable, then such provisions shall be deemed to be in effect only to the
extent not so limited. 

13.14.      Canadian
Severability. Notwithstanding any other provision contained herein or in any
other Credit Document, if a “secured creditor” (as that term is defined under
the Bankruptcy and Insolvency Act (Canada)) is determined by a court of
competent jurisdiction not to include a Person to whom obligations are owed on a
joint and several basis, then such Person’s Obligations (and the Obligations of
each other Canadian Credit Party or Dutch Credit Party), to the extent such
Obligations are secured, shall be several obligations and not joint and several
obligations. 

*          
*           * 

Exhibit C 

EXHIBIT B-1 

FORM OF U.S. TRANCHE A REVOLVING NOTE 

New York, New York 
_________  __, ____ 

FOR VALUE RECEIVED, SUNOPTA
FOODS, INC., a Delaware corporation, and each other borrower signatory hereto
(collectively, the “U.S. Borrowers”), hereby jointly and severally
promise to pay to [_____________________] (the “Lender”), in immediately
available funds, at the Payment Office on or before the Maturity Date for U.S.
Tranche A Revolving Loans the principal amount of each U.S. Tranche A Revolving
Loan from time to time made by the Lender to such U.S. Borrower under that
certain Credit Agreement, dated as of February 11, 2016, among SunOpta Inc., the
U.S. Borrowers, The Organic Corporation B.V., the other Borrowers and Guarantors
party thereto from time to time, the Lenders party thereto from time to time,
Bank of America, N.A., as U.S. Administrative Agent and Collateral Agent, Bank
of America, N.A. (acting through its Canada branch), as Canadian Administrative
Agent, Bank of America, N.A. (acting through its London branch), as Dutch
Administrative Agent and the other parties thereto (as amended by the First
Amendment dated October 7, 2016 and the Second Amendment dated September [ ],
2017 and as may be further amended, restated, modified and/or supplemented from
time to time, the “Credit Agreement”), payable at such times and in such
amounts as are specified in the Credit Agreement. Capitalized terms used but not
defined herein shall have the meanings assigned thereto in the Credit Agreement.

The U.S. Borrowers promise also
to pay interest on the unpaid principal amount of each U.S. Tranche A Revolving
Loan made by the Lender in the currency set forth in the Credit Agreement at the
Payment Office from the date hereof until paid at the rates and at the times
provided in Section 2.06 of the Credit Agreement. 

This Note is one of the U.S.
Tranche A Revolving Notes referred to in the Credit Agreement and is entitled to
the benefits thereof and of the other Credit Documents. This Note is secured by
the Collateral and is entitled to the applicable benefits of the Credit Party
Guarantee with respect to the Obligations upon the terms and subject to the
limitations set forth in the Credit Party Guarantee. As provided in the Credit
Agreement, this Note is subject to optional prepayment and mandatory repayment
prior to the Maturity Date, in whole or in part, and Revolving Loans may be
converted from one Type into another Type to the extent provided in the Credit
Agreement. This Note may only be transferred to the extent and in the manner set
forth in the Credit Agreement. The Lender may also attach schedules to this Note
and endorse thereon the date and amount of its U.S. Tranche A Revolving Loans
and payments with respect thereto. 

In case an Event of Default shall
occur and be continuing, the principal of and accrued interest on this Note may
be declared to be due and payable in the manner and with the effect provided in
the Credit Agreement. 

The U.S. Borrowers hereby waive
presentment, demand, protest or notice of any kind in connection with this
Note. 

B-1-1 

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

	 	SUNOPTA FOODS, INC. 
	 	  
	 	  
	 	By:
  
	 	Name: 
	 	Title: 
	 	  
	 	  
	 	[[ADDITIONAL U.S. BORROWERS] 
	 	  
	 	  
	 	By:
  
	 	Name: 
	 	Title:] 

B-1-2 

LOANS AND PAYMENTS WITH RESPECT THERETO 

	  	 	  	 	  	 	  	 	Amount of 	 	Outstanding 	 	  
	  	 	  	 	Amount and 	 	End of 	 	Principal or 	 	Principal Bal- 	 	  
	  	 	Type of 	 	Currency of 	 	Interest 	 	Interest Paid 	 	ance This 	 	Notation 
	Date 	 	Loan Made 	 	Loan Made 	 	Period 	 	This Date 	 	Date 	 	Made By 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

Exhibit D 

EXHIBIT B-7 

FORM OF U.S. TRANCHE B REVOLVING NOTE 

New York, New York 
_________  __, ____ 

FOR VALUE RECEIVED, SUNOPTA
FOODS, INC., a Delaware corporation, and each other borrower signatory hereto
(collectively, the “U.S. Borrowers”), hereby jointly and severally
promise to pay to [_____________________] (the “Lender”), in immediately
available funds, at the Payment Office on or before the Maturity Date for U.S.
Tranche B Revolving Loans the principal amount of each U.S. Tranche B Revolving
Loan from time to time made by the Lender to such U.S. Borrower under that
certain Credit Agreement, dated as of February 11, 2016, among SunOpta Inc., the
U.S. Borrowers, The Organic Corporation B.V., the other Borrowers and Guarantors
party thereto from time to time, the Lenders party thereto from time to time,
Bank of America, N.A., as U.S. Administrative Agent and Collateral Agent, Bank
of America, N.A. (acting through its Canada branch), as Canadian Administrative
Agent, Bank of America, N.A. (acting through its London branch), as Dutch
Administrative Agent and the other parties thereto (amended by the First
Amendment dated October 7, 2016 and the Second Amendment dated September [ ],
2017 and as may be further as amended, restated, modified and/or supplemented
from time to time, the “Credit Agreement”), payable at such times and in
such amounts as are specified in the Credit Agreement. Capitalized terms used
but not defined herein shall have the meanings assigned thereto in the Credit
Agreement. 

The U.S. Borrowers promise also
to pay interest on the unpaid principal amount of each U.S. Tranche B Revolving
Loan made by the Lender in the currency set forth in the Credit Agreement at the
Payment Office from the date hereof until paid at the rates and at the times
provided in Section 2.06 of the Credit Agreement. 

This Note is one of the U.S.
Tranche B Revolving Notes referred to in the Credit Agreement and is entitled to
the benefits thereof and of the other Credit Documents. This Note is secured by
the Collateral and is entitled to the applicable benefits of the Credit Party
Guarantee with respect to the Obligations upon the terms and subject to the
limitations set forth in the Credit Party Guarantee. As provided in the Credit
Agreement, this Note is subject to optional prepayment and mandatory repayment
prior to the Maturity Date, in whole or in part, and Revolving Loans may be
converted from one Type into another Type to the extent provided in the Credit
Agreement. This Note may only be transferred to the extent and in the manner set
forth in the Credit Agreement. The Lender may also attach schedules to this Note
and endorse thereon the date and amount of its U.S. Tranche B Revolving Loans
and payments with respect thereto. 

In case an Event of Default shall
occur and be continuing, the principal of and accrued interest on this Note may
be declared to be due and payable in the manner and with the effect provided in
the Credit Agreement. 

The U.S. Borrowers hereby waive
presentment, demand, protest or notice of any kind in connection with this
Note. 

B-1-1 

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

	 	SUNOPTA FOODS, INC. 
	 	  
	 	  
	 	By:
  
	 	Name: 
	 	Title: 
	 	  
	 	  
	 	[[ADDITIONAL U.S. BORROWERS] 
	 	  
	 	  
	 	By:
  
	 	Name: 
	 	Title:] 

B-1-2 

LOANS AND PAYMENTS WITH RESPECT THERETO 

	  	 	  	 	  	 	  	 	Amount of 	 	Outstanding 	 	  
	  	 	  	 	  	 	End of 	 	Principal or 	 	Principal Bal- 	 	  
	  	 	Type of 	 	Amount of 	 	Interest 	 	Interest Paid 	 	ance This 	 	Notation 
	Date 	 	Loan Made 	 	Loan Made 	 	Period 	 	This Date 	 	Date 	 	Made By 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

B-1-3EX-10.1

 Exhibit 10.1 

SHARE PURCHASE AGREEMENT AND OMNIBUS AMENDMENT 

This Share Purchase Agreement and Omnibus Amendment (this “Agreement”) is dated as of September 21, 2017, by and among Juno
Therapeutics, Inc., a Delaware corporation (the “Company”), Celgene Corporation (“Celgene Corp.”), Celgene Switzerland LLC (“Celgene Switzerland”) and Celgene RIVOT Ltd (“Celgene
RIVOT” and together with Celgene Corp. and Celgene Switzerland, the “Celgene Parties”). 
 RECITALS 

A.    The Company and the Celgene Parties are executing and delivering this Agreement in reliance upon the exemption from
securities registration afforded by Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 of Regulation D (“Regulation D”) as promulgated by the United States Securities
and Exchange Commission (the “Commission”) under the Securities Act. 
 B.    Celgene Switzerland
wishes to purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, 659,415 shares of common stock, par value $0.0001 per share, of the Company (the “Common Stock”), representing
10.810083503663600% of the number of shares of Common Stock sold by the Company in the underwritten public underwritten offering pursuant to an effective registration statement on Form S-3 (File No. 333-220537) filed by the Company with the Securities and Exchange Commission on September 20, 2017 and any effective registration statement that incorporates such registration statement by reference
filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended (the “Public Offering”) (exclusive of the shares sold in any exercise by the underwriters in the Public Offering (the “Underwriters”) of their
option to purchase additional shares (the “Underwriter Option”)), rounded down to the nearest whole share (the “Closing Shares”). 

C.     If and to the extent that the Underwriters exercise the Underwriter Option, Celgene Switzerland further wishes to
purchase, and the Company wishes to sell, upon the terms and conditions stated in this Agreement, up to 10.810083503663600% of the number of shares of Common Stock sold by the Company pursuant to any full or partial exercise the Underwriter Option,
rounded down to the nearest whole share, up to a maximum of 98,912 shares if the Underwriter Option is exercised in full (the “Subsequent Closing Shares” and, together with the Closing Shares, the “Shares”). 

D.    The Company and the Celgene Parties wish to consummate the sale of any Subsequent Closing Shares in one or more
closings each immediately following a sale of shares to the Underwriters pursuant to the Underwriter Option (each such sale, an “Underwriter Option Closing”), in the same proportion in which the Underwriter Option is exercised at
such Underwriter Option Closing. 
 E.    The Company and the Celgene Parties are also party to (i) a Share
Purchase Agreement, dated as of June 29, 2015 (the “First Share Purchase Agreement”), (ii) a Voting and Standstill Agreement, dated as of June 29, 2015 (as amended hereby, the “Voting and Standstill
Agreement”) and (iii) a Registration Rights Agreement, dated as of June 29, 2015 (as amended hereby, the “Registration Rights Agreement”). 

F.     The Company and the Celgene Parties desire that the Shares be subject to the same terms to which the shares
purchased in the First Share Purchase Agreement are subject under the Voting and Standstill Agreement and the Registration Rights Agreement, including the agreement of the Celgene Parties to vote their shares in favor of certain corporate actions
and to observe certain limitations on their acquisitions and dispositions of shares under the Voting and Standstill Agreement, and the registration rights with respect to such shares under the Registration Rights Agreement. 

 NOW, THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for
other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and the Celgene Parties hereby agree as follows: 

ARTICLE I. 
 DEFINITIONS 

1.1    Definitions. In addition to the terms defined elsewhere in this Agreement, for all purposes of this
Agreement, the following terms shall have the meanings indicated in this Section 1.1: 
 “Acquiring
Person” has the meaning set forth in Section 4.3. 
 “Action” means any action, suit,
inquiry, notice of violation, proceeding (including any partial proceeding such as a deposition) or investigation pending or, to the Company’s Knowledge, threatened in writing against the Company or any of its properties or any officer,
director or employee of the Company acting in his or her capacity as an officer, director or employee before or by any federal, state, county, local or foreign court, arbitrator, governmental or administrative agency, regulatory authority, stock
market, stock exchange or trading facility. 
 “Affiliate” means, with respect to any Person, any other Person that,
directly or indirectly through one or more intermediaries, Controls, is controlled by or is under common control with such Person, as such terms are used in and construed under Rule 405 under the Securities Act. 

“Agreement” has the meaning set forth in the Preamble. 

“Applicable Subsequent Closing Shares” means, with respect to any Subsequent Closing Date, 10.810083503663600% of the number
of shares of Common Stock sold by the Company pursuant to the Underwriter Option in the Underwriter Option Closing the occurrence of which satisfies the conditions to closing set forth in Sections 5.1(i) and 5.2(j), rounded down the nearest whole
share. 
 “Board of Directors” means the board of directors of the Company. 

“Business Day” means any day except Saturday, Sunday, any day which is a federal legal holiday in the United States or any
day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close. 

“Celgene Corp.” has the meaning set forth in the Preamble. 

“Celgene RIVOT” has the meaning set forth in the Preamble. 

“Celgene Switzerland” has the meaning set forth in the Preamble. 

“Celgene Cure Period” has the meaning set forth in Section 6.1(c)(i). 

“Celgene Deliverables” has the meaning set forth in Section 2.2(b). 

“Celgene Group” shall mean (i) the Celgene Parties, (ii) any Person that directly or indirectly beneficially owns a
majority of the voting securities of or voting interests in a Celgene Party, and (iii) any direct or indirect majority owned subsidiaries of a Celgene Party or of such a Person. 

“Celgene Parties” has the meaning set forth in the Recitals. 

  
 2 

 “Change of Control” shall mean, with respect to Celgene Corp., any of the
following events: (i) any Person is or becomes the beneficial owner (except that a Person shall be deemed to have beneficial ownership of all shares that any such Person has the right to acquire, whether such right which may be exercised
immediately or only after the passage of time), directly or indirectly, of a majority of the total voting power of Celgene Corp; (ii) Celgene Corp. consolidates with or merges into another corporation or entity, or any corporation or entity
consolidates with or merges into a Celgene Party, other than (A) a merger or consolidation which would result in the voting securities of Celgene Corp. outstanding immediately prior to such merger or consolidation continuing to represent
(either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof) a majority of the combined voting power of the voting securities of Celgene Corp. or such surviving entity or any parent
thereof outstanding immediately after such merger or consolidation, or (B) a merger or consolidation effected to implement a recapitalization of Celgene Corp. (or similar transaction) in which no Person becomes the beneficial owner, directly or
indirectly, of a majority of the total voting power of Celgene Corp. or (iii) a Celgene Corp. conveys, transfers or leases all or substantially all of its assets to any Person other than a wholly owned Affiliate of Celgene Corp. 

“Closing” means the closing of the purchase and sale of the Closing Shares pursuant to this Agreement. 

“Closing Date” has the meaning set forth in Section 2.1(b). 

“Closing Shares” has the meaning set forth in the Recitals. 

“Collaboration Agreement” means the Amended and Restated Master Research and Collaboration Agreement by and among the Company
and the Celgene Parties dated August 13, 2015. 
 “Commission” has the meaning set forth in the Recitals. 

“Common Stock” has the meaning set forth in the Recitals, and also includes any other class of securities into which the
Common Stock may hereafter be reclassified or changed into. 
 “Common Stock Equivalents” means any securities of the
Company which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument that is at any time convertible into or exchangeable for, or
otherwise entitles the holder thereof to receive, Common Stock or other securities that entitle the holder to receive, directly or indirectly, Common Stock. 

“Company” has the meaning set forth in the Preamble. 

“Company Counsel” means Wilson Sonsini Goodrich & Rosati, P.C. 

“Company Cure Period” has the meaning set forth in Section 6.1(b)(i). 

“Company Deliverables” has the meaning set forth in Section 2.2(a). 

“Company’s Knowledge” means the knowledge of the executive officers of the Company. 

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

  
 3 

 “Disclosure Materials” has the meaning set forth in
Section 3.1(g). 
 “Disclosure Schedules” has the meaning set forth in
Section 3.1. 
 “DTC” has the meaning set forth in Section 4.1(c). 

“Effective Date” means the date on which the initial Registration Statement required by
Section 2(a) of the Registration Rights Agreement is first declared effective by the Commission. 

“Evaluation Date” has the meaning set forth in Section 3.1(k). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations
promulgated thereunder. 
 “Existing Rights Agreement” has the meaning set forth in
Section 3.1(o). 
 “GAAP” means U.S. generally accepted accounting principles, consistently
applied. 
 “Governmental Authority” has the meaning set forth in Section 3.1(d). 

“Governmental Order” means any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case,
entered by or with any Governmental Authority. 
 “Intellectual Property” means patents, patent applications, trademarks,
trademark applications, service marks, tradenames, copyrights, trade secrets, licenses, domain names, mask works, or any other proprietary right or process. 

“Lien” means any lien, charge, claim, encumbrance, security interest, right of first refusal, preemptive right or other
restrictions of any kind. 
 “Material Adverse Effect” means a material adverse effect on the results of operations,
assets, business or financial condition of the Company. 
 “Material Contract” means any contract of the Company that has
been filed as an exhibit to the SEC Reports pursuant to Item 601(b)(4) or Item 601(b)(10) of Regulation S-K. 

“New York Courts” means the state and federal courts sitting in New York, New York. 

“OFAC” has the meaning set forth in Section 3.1(v). 

“Payee Party” has the meaning set forth in Section 4.7(a). 

“Paying Party” has the meaning set forth in Section 4.7(a). 

“Permitted Transferee” has the meaning set forth in the Voting and Standstill Agreement. 

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

  
 4 

 “Principal Trading Market” means the Trading Market on which the Common Stock is
primarily listed on and quoted for trading, which, as of the date of this Agreement and the Closing Date, shall be the NASDAQ Global Select Market. 

“Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or
partial proceeding, such as a deposition), whether commenced or threatened. 
 “Public Offering Closing” means the date on
which the sale and purchase of the shares of Common Stock sold in the Public Offering is consummated (exclusive of the shares included in the Underwriter Option). 

“Registration Rights Agreement” has the meaning set forth in the Recitals. 

“Registration Statement” means a registration statement meeting the requirements set forth in the Registration Rights
Agreement and covering the resale by the Celgene Parties of the Registrable Securities (as defined in the Registration Rights Agreement). 

“Regulation D” has the meaning set forth in the Recitals. 

“Required Approvals” has the meaning set forth in Section 3.1(d). 

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

“SEC Reports” has the meaning set forth in Section 3.1(g). 

“Secretary’s Certificate” has the meaning set forth in Section 2.2(a)(vi). 

“Securities Act” has the meaning set forth in the Recitals. 

“Shares” has the meaning set forth in the Recitals. 

“Subsequent Closing” means a closing of a purchase by Celgene Switzerland of all or a portion of the Subsequent Closing
Shares. 
 “Subsequent Closing Date” means any date on which a Subsequent Closing actually occurs. 

“Subsidiary” means any subsidiary (within the meaning of Rule 405 under the Securities Act) of the Company formed or acquired
after the date hereof. 
 “Terminating Celgene Breach” has the meaning set forth in
Section 6.1(c)(i). 
 “Terminating Company Breach” has the meaning set forth in
Section 6.1(b)(i). 
 “Termination Date” has the meaning set forth in
Section 6.1(b)(ii). 
 “Trading Day” means (i) a day on which the Common Stock is listed or
quoted and traded on its Principal Trading Market (other than the OTC Bulletin Board), or (ii) if the Common Stock is not listed on a Trading Market (other than the OTC Bulletin Board), a day on which the Common Stock is traded in the over-the-counter market, as reported by the OTC Bulletin Board, or (iii) if the Common Stock is not quoted on any Trading Market, a day on which the Common Stock is
quoted in the over-the-counter market 

  
 5 

 
as reported in the “pink sheets” by Pink Sheets LLC (or any similar organization or agency succeeding to its functions of reporting prices); provided, that in the event that the
Common Stock is not listed or quoted as set forth in (i), (ii) and (iii) hereof, then Trading Day shall mean a Business Day. 

“Trading Market” means whichever of the New York Stock Exchange, the NYSE Amex Equities (formerly the American Stock
Exchange), the NASDAQ Global Select Market, the NASDAQ Global Market, the NASDAQ Capital Market or the OTC Bulletin Board on which the Common Stock is listed or quoted for trading on the date in question. 

“Transaction Documents” means this Agreement, the schedules and exhibits attached hereto, the First Share Purchase Agreement,
the Registration Rights Agreement, the Voting and Standstill Agreement, the Collaboration Agreement and any other documents or agreements explicitly contemplated hereunder or thereunder. 

“Transfer Agent” means Wells Fargo Bank, N.A., the current transfer agent of the Company or any successor transfer agent for
the Company. 
 “Voting and Standstill Agreement” has the meaning set forth in the Recitals. 

ARTICLE II. 
 PURCHASE AND SALE;
ACQUISITION RIGHTS 
 2.1    Closing. 

(a)    Amount. 

(i)    Subject to the terms and conditions set forth in this Agreement, at the Closing, the Company shall issue and sell
to Celgene Switzerland, and Celgene Switzerland shall purchase from the Company, the Closing Shares. 
 (ii)    Subject
to the terms and conditions set forth in this Agreement, at any Subsequent Closing, the Company shall issue and sell to Celgene Switzerland, and Celgene Switzerland shall purchase from the Company, the Applicable Subsequent Closing Shares. 

(b)    Closings. 

(i)    The Closing of the purchase and sale of the Closing Shares shall take place at the offices of Wilson Sonsini
Goodrich & Rosati, P.C., 701 5th Avenue, Suite 5100, Seattle, Washington 98104, on the date of the Public Offering Closing, subject to the satisfaction or waiver of all conditions to the
Closing, as set forth in Article V, or at such other locations or remotely by facsimile transmission or other electronic means as the parties may mutually agree. The date on which the Closing actually occurs is referred to in this Agreement
as the “Closing Date.” 
 (ii)    Each Subsequent Closing shall take place at the offices of Wilson
Sonsini Goodrich & Rosati, P.C., 701 5th Avenue, Suite 5100, Seattle, Washington 98104, on the date of the Underwriter Option Closing, subject to the satisfaction or waiver of all
conditions to such Subsequent Closing, as set forth in Article V, or at such other locations or remotely by facsimile transmission or other electronic means as the parties may mutually agree. 

(c)    Form of Payment. On the Closing Date and, if applicable, each Subsequent Closing Date, Celgene Switzerland
shall pay to the Company the cash purchase price for the Closing Shares or 

  
 6 

 
Applicable Subsequent Closing Shares, as applicable, at a price per share equal $41.00 to the per share price to public in the Public Offering, by wire transfer of immediately available funds,
and the Company shall irrevocably instruct the Transfer Agent to deliver to Celgene Switzerland the Closing Shares or Applicable Subsequent Closing Shares, as the case may be, in book-entry form, free and clear of all restrictive and other legends
(except as expressly provided in Section 4.1(b) hereof). 
 2.2    Closing Deliveries. (a) On or prior to
the Closing (or any Subsequent Closing, in which case references to the “Closing Date” below shall be understood to mean the Subsequent Closing Date), the Company shall issue, deliver or cause to be delivered to Celgene Switzerland the
following (the “Company Deliverables”): 
 (i)    this Agreement, duly executed by the Company (only
on the Closing Date); 
 (ii)    the Closing Shares (or, with respect to the Subsequent Closing, the Applicable
Subsequent Closing Shares) in book-entry form, free and clear of all restrictive and other legends (except as provided in Section 4.1(b) hereof); 

(iii)    a certificate of the Secretary or Assistant Secretary of the Company (the “Secretary’s
Certificate”), dated as of the Closing Date, (a) certifying the resolutions adopted by the Board of Directors of the Company or a duly authorized committee thereof approving the transactions contemplated by this Agreement and the
issuance of the Shares, (b) certifying the current versions of the certificate of incorporation, as amended, and by-laws of the Company and (c) certifying as to the signatures and authority of
persons signing this Agreement and related documents on behalf of the Company, in the form attached hereto as Exhibit A; 

(iv)    a certificate evidencing the formation and good standing of the Company issued by the Secretary of State of
Delaware, as of a date within five (5) Trading Days of the Closing Date; and 
 (v)    a certified copy of the
Company’s restated certificate of incorporation, as certified by the Secretary of State of Delaware as of a date within five (5) Trading Days of the Closing Date. 

(b)    On or prior to the Closing or Subsequent Closing, as applicable, Celgene Switzerland shall deliver or cause to be
delivered to the Company the following (the “Celgene Deliverables”): 
 (i)    this Agreement, duly
executed by the Celgene Parties; and 
 (ii)    the purchase price for the Closing Shares (or, with respect to a
Subsequent Closing, the Applicable Subsequent Closing Shares) as provided in Section 2.1(c). 
 ARTICLE III. 

REPRESENTATIONS AND WARRANTIES 

3.1    Representations and Warranties of the Company. Except (a) as set forth in the schedules delivered
herewith (the “Disclosure Schedules”), which Disclosure Schedules shall be deemed a part hereof and shall qualify any representation made herein to the extent of the disclosure contained in the corresponding section of the
Disclosure Schedules, or (b) as disclosed in the SEC Reports, the Company hereby represents and warrants as of the date hereof to the Celgene Parties: 

(a)    Organization and Qualification. The Company is an entity duly incorporated or otherwise organized, validly
existing and in good standing under the laws of the State of Delaware, with the 

  
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requisite corporate power and authority to own or lease and use its properties and assets and to carry on its business as currently conducted. The Company is not in violation or default of any of
the provisions of its certificate of incorporation or bylaws. The Company is duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted or
property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as the case may be, would not have or reasonably be expected to result in a Material Adverse Effect, and no Proceeding has been
instituted, is pending, or, to the Company’s Knowledge, has been threatened in writing in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification. 

(b)    Authorization; Enforcement; Validity. The Company has the requisite corporate power and authority to enter
into and consummate the transactions contemplated by this Agreement and otherwise to carry out its obligations hereunder. The Company’s execution and delivery of this Agreement and the consummation by it of the transactions contemplated hereby
(including, but not limited to, the sale and delivery of the Shares) have been duly authorized by all necessary corporate action on the part of the Company, and no further corporate action is required by the Company, its Board of Directors or its
stockholders in connection therewith other than in connection with the Required Approvals. This Agreement has been (or upon delivery will have been) duly executed by the Company and is, or when delivered in accordance with the terms hereof, will
constitute the legal, valid and binding obligation of the Company. 
 (c)    No Conflicts. The execution,
delivery and performance by the Company of this Agreement and the consummation by the Company of the transactions contemplated hereby (including, without limitation, the issuance of the Shares) does not and will not (i) conflict with or violate
any provisions of the Company’s certificate of incorporation or bylaws, (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would result in a default) under, result in the creation of any Lien
upon any of the properties or assets of the Company or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any Material Contract, or (iii) subject to the Required
Approvals, conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company is subject (including federal and state securities
laws and regulations and the rules and regulations, assuming the correctness of the representations and warranties made by the Celgene Parties herein, of any self-regulatory organization to which the Company or its securities are subject), or by
which any property or asset of the Company is bound or affected, except in the case of clauses (ii) and (iii) such as would not, individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect. 

(d)    Filings, Consents and Approvals. The Company is not required to obtain any consent, waiver, authorization or
order of, give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority (“Governmental Authority”) or other Person in connection with the execution, delivery
and performance by the Company of this Agreement (including the issuance of the Shares), other than (i) the filing with the Commission of one or more Registration Statements in accordance with the requirements of the Registration Rights
Agreement, (ii) filings required by applicable state securities laws, (iii) the filing of a Notice of Sale of Securities on Form D with the Commission under Regulation D of the Securities Act, (iv) the filing of any requisite notices
and/or application(s) to the Principal Trading Market for the issuance and sale of the Shares and the listing of the Shares thereon in the time and manner required thereby, (v) any consent, amendment, or waiver that may be required under the
Existing Rights Agreement, and (vi) those that have been made or obtained prior to the date of this Agreement (the items referred to in clauses (i) through (vi) collectively, the “Required Approvals”). 

(e)    Issuance of the Shares. The Shares have been duly authorized and, when issued and paid for in accordance
with the terms of this Agreement, will be validly issued, fully paid and nonassessable and free and clear of all Liens, other than restrictions on transfer provided for in the Transaction Documents 

  
 8 

 
or imposed by applicable securities laws, and shall not be subject to preemptive or similar rights. Assuming the accuracy of the representations and warranties of the Celgene Parties in this
Agreement, the Shares will be issued in compliance with all applicable federal and state securities laws. 

(f)    Capitalization. The Company has not issued any capital stock since the date of its most recently filed SEC
Report other than to reflect stock option exercises or the vesting of restricted stock units or as contemplated in connection with the Public Offering. No Person has any right of first refusal, preemptive right, right of participation, or any
similar right to participate in the transactions contemplated by this Agreement that have not been effectively waived as of the Closing Date. Except as set forth on Section 3.1(f) of the Disclosure Schedules or as
specifically disclosed in the most recently filed annual report on Form 10-K or subsequent SEC Reports, or as contemplated by the underwriters’ agreement related to the Public Offering, there are no
outstanding options, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible into or exercisable or exchangeable for, or giving any Person any right to
subscribe for or acquire any shares of Common Stock, or contracts, commitments, understandings or arrangements by which the Company is or may become bound to issue additional shares of Common Stock or Common Stock Equivalents. The issuance and sale
of the Shares will not obligate the Company to issue shares of Common Stock or other securities to any Person (other than the Celgene Parties) and will not result in a right of any holder of Company securities to adjust the exercise, conversion,
exchange or reset price under any of such securities. Except for the Required Approvals, no further approval or authorization of any stockholder, the Board of Directors or others is required for the issuance and sale of the Shares. Except for the
Voting and Standstill Agreement, as set forth on Section 3.1(f) of the Disclosure Schedules, or as specifically disclosed in the most recently filed annual report on Form 10-K or
subsequent SEC Reports, there are no stockholders agreements, voting agreements or other similar agreements with respect to the Company’s capital stock to which the Company is a party or, to the Company’s Knowledge, between or among any of
the Company’s stockholders. 
 (g)    SEC Reports; Disclosure Materials. The Company has filed all reports,
schedules, forms, statements and other documents required to have been filed by it under the Exchange Act as of the date hereof, including pursuant to Section 13(a) or 15(d) thereof, for the two years preceding the date hereof (or such shorter
period as the Company was required by law or regulation to file such material) (the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, and also including the Company’s registration statement on
Form S-3 (File No. 333-220537) filed in connection with the Public Offering, the related preliminary prospectus and all information incorporated by reference
therein, being collectively referred to herein as the “SEC Reports,” and the SEC Reports being collectively referred to as the “Disclosure Materials”) on a timely basis or has received a valid extension of such time
of filing and has filed any such SEC Reports prior to the expiration of any such extension, except where the failure to file on a timely basis would not have or reasonably be expected to result in a Material Adverse Effect (including, for this
purpose only, any failure which would prevent the Celgene Parties from using Rule 144 to resell any Shares). As of their respective filing dates, or to the extent corrected by a subsequent restatement, the SEC Reports complied in all material
respects with the requirements of the Securities Act and the Exchange Act and the rules and regulations of the Commission promulgated thereunder, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted
to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The Company has never been an issuer subject to Rule 144(i) under
the Securities Act. Each of the Material Contracts to which the Company is a party or to which the property or assets of the Company are subject has been filed as an exhibit to the SEC Reports. 

(h)    Financial Statements. The financial statements of the Company included in the SEC Reports comply in all
material respects with applicable accounting requirements and the rules and regulations of the Commission with respect thereto as in effect at the time of filing (or to the extent corrected by a subsequent restatement). Such financial statements
have been prepared in accordance with GAAP 

  
 9 

 
applied on a consistent basis during the periods involved, except as may be otherwise specified in such financial statements or the notes thereto and except that unaudited financial statements
may not contain all footnotes required by GAAP, and fairly present in all material respects the financial position of the Company as of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject, in
the case of unaudited statements, to normal, immaterial year-end audit adjustments. 

(i)    Material Changes. Except as specifically disclosed in SEC Reports filed prior to the date hereof,
(i) there have been no events, occurrences or developments that have had or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect, (ii) the Company has not incurred any material
liabilities other than (A) trade payables and accrued expenses incurred in the ordinary course of business consistent with past practice and (B) liabilities not required to be reflected in the Company’s financial statements pursuant
to GAAP or disclosed in filings made with the Commission, (iii) the Company has not altered materially its method of accounting or the manner in which it keeps its accounting books and records, (iv) the Company has not declared or made any
dividend or distribution of cash, shares of capital stock or other property to its stockholders or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock (other than in connection with repurchases of
unvested stock issued to employees of the Company), and (v) the Company has not issued any equity securities to any officer, director or Affiliate, except Common Stock issued in the ordinary course as dividends on outstanding preferred stock or
issued pursuant to existing Company stock option or stock purchase plans or executive and director compensation arrangements disclosed in the SEC Reports. 

(j)    Litigation. There is no Action which (i) adversely affects or challenges the legality, validity or
enforceability of any of this Agreement or the Shares or (ii) except as specifically disclosed in the SEC Reports, would, if there were an unfavorable decision, individually or in the aggregate, have or reasonably be expected to result in a
Material Adverse Effect. Neither the Company nor, to the Company’s Knowledge, any director or officer thereof is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws or a
claim of breach of fiduciary duty relating to actions taken at the Company. There has not been, and to the Company’s Knowledge there is not pending or contemplated, any investigation by the Commission involving the Company. The Commission has
not issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company under the Exchange Act or the Securities Act. 

(k)    Sarbanes-Oxley; Disclosure Controls. The Company is in compliance in all material respects with all of the
provisions of the Sarbanes-Oxley Act of 2002 which are applicable to it as of the Closing Date. The Company has established disclosure controls and procedures (as such term is defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) for the Company and designed such disclosure controls and procedures to ensure that information required to be disclosed by the Company in the reports it files or submits under the
Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. The Company’s certifying officers have evaluated the effectiveness of the Company’s disclosure
controls and procedures as of the end of the period covered by the Company’s most recently filed periodic report under the Exchange Act (such date, the “Evaluation Date”). The Company presented in its most recently filed
periodic report under the Exchange Act the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the Evaluation Date, there have been no
changes in the Company’s internal control over financial reporting (as such term is defined in the Exchange Act) that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial
reporting. 
 (l)    Certain Fees. Except for sublicense consideration payments that may be required under
certain of Company’s license agreements due to the licenses and sublicenses granted under the Collaboration Agreement, no person or entity will have, as a result of the transactions contemplated by this Agreement, any

  
 10 

 
valid right, interest or claim against or upon the Company or the Celgene Parties for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding entered
into by or on behalf of the Company, with respect to the offer and sale of the Shares. 
 (m)    Private
Placement. Assuming the accuracy of the Celgene Parties’ representations and warranties set forth in Section 3.2 of this Agreement, no registration under the Securities Act is required for the offer and sale of the
Shares by the Company to the Celgene Parties under this Agreement. The issuance and sale of the Shares hereunder does not contravene the rules and regulations of the Trading Market. 

(n)    Investment Company. The Company is not, and immediately after receipt of payment for the Shares, will not be
or be an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The Company shall conduct its business in a manner so that it will not become subject to the Investment Company Act of 1940, as amended.

 (o)    Registration Rights. Other than the Celgene Parties or as set forth in the Company’s Fourth
Amended and Restated Investor Rights Agreement, dated December 5, 2014, as amended (the “Existing Rights Agreement”) no Person has any right to cause the Company to effect the registration under the Securities Act of any
securities of the Company other than those securities which are currently registered on an effective registration statement on file with the Commission. 

(p)    Listing and Maintenance Requirements. The Company’s Common Stock is registered pursuant to
Section 12(b) or 12(g) of the Exchange Act, and the Company has taken no action designed to terminate the registration of the Common Stock under the Exchange Act nor has the Company received any notification that the Commission is contemplating
terminating such registration. The Company has not, in the twelve (12) months or such applicable shorter period preceding the date hereof, received written notice from any Trading Market on which the Common Stock is listed or quoted to the
effect that the Company is not in compliance with the listing or maintenance requirements of such Trading Market. The Company is in compliance with all listing and maintenance requirements of the Principal Trading Market on the date hereof. 

(q)    Application of Takeover Protections; Rights Agreements. The Company and the Board of Directors have taken
all necessary action, if any, in order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or other similar
anti-takeover provision under the Company’s charter documents or the laws of the State of Delaware that is or would reasonably be expected to become applicable to the Celgene Parties as a result of the
Celgene Parties and the Company fulfilling its obligations or exercising their rights under this Agreement, including, without limitation, the Company’s issuance of the Shares and the Celgene Parties’ ownership of the Shares. 

(r)    No Integrated Offering. Assuming the accuracy of the Celgene Parties’ representations and warranties
set forth in Section 3.2, none of the Company nor, to the Company’s Knowledge, any of its Affiliates or any Person acting on its behalf has, directly or indirectly, at any time within the past six (6) months, made
any offers or sales of any Company security or solicited any offers to buy any security under circumstances that would (i) eliminate the availability of the exemption from registration under Regulation D under the Securities Act in connection
with the offer and sale by the Company of the Shares as contemplated hereby or (ii) cause the offering of the Shares pursuant to this Agreement to be integrated with prior offerings by the Company for purposes of any applicable law, regulation
or stockholder approval provisions, including, without limitation, under the rules and regulations of any Trading Market on which any of the securities of the Company are listed or designated. 

(s)    No General Solicitation. Neither the Company nor, to the Company’s Knowledge, any person acting on
behalf of the Company has offered or sold any of the Shares by any form of general solicitation or general advertising (within the meaning of Regulation D promulgated under the Securities Act). 

  
 11 

 (t)    Foreign Corrupt Practices. Neither the Company nor any agent or
other person acting on behalf of the Company, has: (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii) made any
unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company (or made by any
person acting on its behalf of which the Company is aware) which is in violation of law or (iv) violated in any material respect any provision of the Foreign Corrupt Practices Act of 1977, as amended. 

(u)    PFIC. The Company is not a “passive foreign investment company” within the meaning of
Section 1297 of the U.S. Internal Revenue Code of 1986, as amended. 
 (v)    OFAC. Neither the Company nor
any director, officer, agent, employee, Affiliate or Person acting on behalf of the Company is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”);
and the Company will not directly or indirectly use the proceeds of the sale of the Shares, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person or entity, towards any sales or
operations in Cuba, Iran, Syria, Sudan, Myanmar or any other country sanctioned by OFAC or for the purpose of financing the activities of any Person currently subject to any U.S. sanctions administered by OFAC. 

3.2    Representations and Warranties of the Celgene Parties. Each of the Celgene Parties hereby represents and
warrants as of the date hereof to the Company as follows: 
 (a)    Organization; Authority. Each Celgene Party
is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization with the requisite corporate or partnership power and authority to enter into this Agreement and to consummate the transactions
contemplated by this Agreement and otherwise to carry out its obligations hereunder. The execution and delivery of this Agreement by each Celgene Party and performance by each Celgene Party of the transactions contemplated by this Agreement have
been duly authorized by all necessary corporate action on the part of each Celgene Party. When this Agreement has been duly executed by each Celgene Party, and when delivered by such Celgene Party in accordance with the terms hereof, will constitute
the valid and legally binding obligation of such Celgene Party, enforceable against it in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or
similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by other equitable principles of general application. As of the date of this Agreement, Celgene Switzerland is a direct or indirect wholly
owned controlled subsidiary of Celgene Corp. As of the date of any Closing or Subsequent Closing where the purchaser of the Shares in such Closing or Subsequent Closing is Celgene Switzerland or a Permitted Transferee (pursuant to
Section 6.10), such purchaser will be a direct or indirect wholly owned controlled subsidiary of Celgene Corp. 

(b)    No Conflicts. The execution of this Agreement and the delivery and performance by each Celgene Party of this
Agreement and the consummation by each Celgene Party of the transactions contemplated hereby will not (i) result in a violation of the organizational documents of any Celgene Party, (ii) conflict with, or constitute a default (or an event
which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which any Celgene Party is a party, or
(iii) result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws) applicable to any Celgene Party, except in the case of clauses (ii) and (iii) above, for such conflicts,
defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of Celgene Parties to perform their obligations hereunder. 

  
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 (c)    Investment Intent. Celgene Switzerland understands that the
Shares are “restricted securities” and have not been registered under the Securities Act or any applicable state securities law and is acquiring the Shares for its own account and not with a view to, or for distributing or reselling such
Shares or any part thereof in violation of the Securities Act or any applicable state securities laws. Celgene Switzerland is acquiring the Shares hereunder in the ordinary course of business. No Celgene Party presently has any agreement, plan or
understanding, directly or indirectly, with any Person to distribute or effect any distribution of any of the Shares (or any securities which are derivatives thereof) to or through any person or entity. No Celgene Party is a registered broker-dealer
under Section 15 of the Exchange Act nor an entity engaged in a business that would require it to be so registered as a broker-dealer. 

(d)    Status. At the time Celgene Switzerland was offered the Shares, it was, and at the date hereof or any date
in the future on which Celgene Switzerland purchases Shares, it is and will be an “accredited investor” as defined in Rule 501(a) under the Securities Act. 

(e)    General Solicitation. Celgene Switzerland is not purchasing the Shares as a result of any advertisement,
article, notice or other communication regarding Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general advertisement. 

(f)    Experience. Celgene Switzerland, either alone or together with its representatives, has such knowledge,
sophistication and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Shares, and has so evaluated the merits and risks of such investment. Celgene Switzerland is
able to bear the economic risk of an investment in the Shares and, at the present time, is able to afford a complete loss of such investment. 

(g)    Access to Information. Celgene Switzerland acknowledges that it has had the opportunity to review the
Disclosure Materials and has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from, representatives of the Company concerning the terms and conditions of the offering of the Shares
and the merits and risks of investing in the Shares; (ii) access to information about the Company and its financial condition, results of operations, business, properties, management and prospects sufficient to enable Celgene Switzerland to
evaluate its investment; and (iii) the opportunity to obtain such additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an informed investment decision with respect to
the investment. Neither such inquiries nor any other investigation conducted by or on behalf of any Celgene Party or its representatives or counsel shall modify, amend or affect any Celgene Party’s right to rely on the truth, accuracy and
completeness of the Disclosure Materials and the Company’s representations and warranties contained in this Agreement. The Celgene Parties have sought such accounting, legal and tax advice as they have considered necessary to make an informed
decision with respect to its acquisition of the Shares. 
 (h)    Brokers and Finders. No Person will have, as a
result of the transactions contemplated by this Agreement, any valid right, interest or claim against or upon the Company or any Celgene Party for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding
entered into by or on behalf of any Celgene Party. 
 (i)    Independent Investment Decision. Celgene Switzerland
has independently evaluated the merits of its decision to purchase Shares pursuant to this Agreement and such Celgene Party has consulted such legal, tax and investment advisors as it, in its sole discretion, has deemed necessary or appropriate in
connection with its purchase of the Shares. 

  
 13 

 (j)    United States Investor. Celgene Corp. is a United States person
(as defined by Section 7701(a)(30) of the Code). 
 The Company and the Celgene Parties acknowledge and agree that no party to this Agreement has made
or makes any representations or warranties with respect to the transactions contemplated hereby other than those specifically set forth in this Article III and the Transaction Documents. 

ARTICLE IV. 
 OTHER AGREEMENTS OF
THE PARTIES 
 4.1    Transfer Restrictions. 

(a)    Compliance with Laws. Notwithstanding any other provision of this Article IV, the Celgene Parties
acknowledge and agree that the Shares may be disposed of only pursuant to an effective registration statement under, and in compliance with the requirements of, the Securities Act, or pursuant to an available exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act, and in compliance with any applicable state and federal securities laws. In connection with any transfer of Shares other than (i) pursuant to an effective registration statement,
(ii) to the Company or (iii) pursuant to Rule 144, the Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance
of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Shares under the Securities Act. As a condition of transfer, any such transferee shall agree in
writing to be bound by the terms of this Agreement and the Registration Rights Agreement and shall have the rights of the Celgene Parties under this Agreement and the Registration Rights Agreement with respect to such transferred Shares. 

(b)    Legends. In addition to any legend required under the Voting and Standstill Agreement, the book-entry or
certificated form of the Shares shall bear any legend as required by the “blue sky” laws of any state and a restrictive legend in substantially the following form, until such time as they are not required under
Section 4.1(c): 
 THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY
NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED OR
UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT. 
 (c)    Removal of Legends. Subject to the restrictions set forth
in the Voting and Standstill Agreement, the legend set forth in Section 4.1(b) above shall be removed and the Company shall issue to such holder the applicable Shares in book-entry form free and clear of such legend or any
other legends by electronic delivery at the applicable balance account at the Depository Trust Company (“DTC”), if (i) such Shares are sold under an effective registration statement under the Securities Act, (ii) such
Shares are sold or transferred pursuant to Rule 144 (if the transferor is not an Affiliate of the Company), or (iii) such Shares are eligible for sale under Rule 144, without the requirement for the Company to be in compliance with the current
public information required under Rule 144 as to such securities and without volume or manner-of-sale restrictions. Subject to the restrictions set forth in the Voting
and Standstill Agreement, the Company agrees that it shall cause Company Counsel (i) after the Effective Date, to issue to the Transfer 

  
 14 

 
Agent, if required by the Transfer Agent, a “blanket” legal opinion or other letter to allow sales without restriction pursuant to the effective registration statement and
(ii) provide all other opinions of Company Counsel as may reasonable be required by the Transfer Agent in connection with the removal of legends pursuant to this Section 4.1(c) following receipt of the certificates and
documents contemplated below. Subject to the restrictions set forth in the Voting and Standstill Agreement, following Rule 144 becoming available for the resale of Shares, without the requirement for the Company to be in compliance with the current
public information required under Rule 144 as to such securities and without volume or manner-of-sale restrictions, the Company, upon the request of a Celgene Party and
delivery of the certificates and documents contemplated below, shall cause Company Counsel or other counsel satisfactory to the Transfer Agent to issue to the Transfer Agent a legal opinion stating that such Shares are eligible for sale under Rule
144 without the requirement for the Company to be in compliance with the current public information required under Rule 144 as to such securities and without volume or
manner-of-sale restrictions. Any fees (with respect to the Transfer Agent, Company Counsel or otherwise) associated with the issuance of such opinion or the removal of
such legend shall be borne by the Company. Except with respect to the restrictions set forth in the Voting and Standstill Agreement, the Company may not make any notation on its records or give instructions to the Transfer Agent that enlarge the
restrictions on transfer set forth in this Section 4.1(c). 
 (d)    Acknowledgement.
Each Celgene Party hereunder acknowledges its primary responsibilities under the Securities Act and accordingly will not sell or otherwise transfer the Shares or any interest therein without complying with the requirements of the Securities Act.
Subject to the restrictions set forth in the Voting and Standstill Agreement, while the Registration Statement remains effective, a Celgene Party may sell the Shares accordance with the plan of distribution contained in the Registration Statement
and if it does so it will comply therewith and with the related prospectus delivery requirements unless an exemption therefrom is available. Each Celgene Party agrees that if it is notified by the Company in writing at any time that the Registration
Statement registering the resale of the Shares is not effective or that the prospectus included in such Registration Statement no longer complies with the requirements of Section 10 of the Securities Act, such Celgene Party will refrain from
selling such Shares until such time as such Celgene Party is notified by the Company that such Registration Statement is effective or such prospectus is compliant with Section 10 of the Securities Act, unless such Celgene Party is able to, and
does, sell such Shares pursuant to an available exemption from the registration requirements of Section 5 of the Securities Act. 

4.2    Integration. The Company shall not, and shall use its commercially reasonable efforts to ensure that no
Affiliate of the Company shall, sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2 of the Securities Act) that will be integrated with the offer or sale of the Shares in a
manner that would require the registration under the Securities Act of the sale of the Shares to a Celgene Party, or that will be aggregated with the offer or sale of the Shares for purposes of the rules and regulations of any Trading Market such
that it would require stockholder approval prior to the closing of such other transaction unless stockholder approval is obtained before the closing of such subsequent transaction. 

4.3    Shareholder Rights Plan. No claim will be made or enforced by the Company or, with the consent of the
Company, any other Person, that a Celgene Party is an “Acquiring Person” under any control share acquisition, business combination, poison pill (including any distribution under a rights agreement) or similar anti-takeover plan or
arrangement in effect or hereafter adopted by the Company, or that a Celgene Party could be deemed to trigger the provisions of any such plan or arrangement, in either case solely by virtue of purchasing the Shares under this Agreement. 

4.4    Principal Trading Market Listing. In the time and manner required by the Principal Trading Market, the
Company shall prepare and file with such Principal Trading Market an additional shares listing application covering all of the Shares and shall use its commercially reasonable efforts to take all steps necessary to cause all of the Shares to be
approved for listing, and continue to be listed for so long as they are owned by a Celgene Party, on the Principal Trading Market as contemplated by the Registration Rights Agreement. 

  
 15 

 4.5    Form D. The Company agrees to timely file a
Form D with respect to the Shares as required under Regulation D and to provide a copy thereof to the Celgene Parties. 

4.6    Reservation of Shares and Stockholder Approvals and Waivers. Each of the parties (a) will make, or
cause to be made, all filings and submissions under laws, rules and regulations applicable to it, or to its subsidiaries and Affiliates, as may be required for such party to consummate the transactions contemplated by this Agreement, (b) will
use its respective commercially reasonable efforts to obtain, or cause to be obtained, all authorizations, approvals, consents, qualifications, orders and waivers from all Persons necessary to be obtained by it in order to consummate such
transactions, and (c) will use its commercially reasonable efforts to take, or cause to be taken, all other actions necessary, proper or advisable in order for it to fulfill its respective obligations under this Agreement. In furtherance of the
foregoing, the Company will: (i) keep authorized and reserved for issuance a sufficient number of shares of Common Stock to enable the issuance of the Shares to be issued at the Closing or a Subsequent Closing; and (ii) use commercially
reasonable efforts to timely file all reports, schedules, forms, statements and other documents required to be filed by it under the Exchange Act of 1934, including pursuant to Section 13(a) or 15(d) thereof, until the expiration or termination
of the Celgene Parties’ registration right pursuant to Sections 6(i)(A) or (B) of the Registration Rights Agreement. 

4.7    Tax Withholding. 

(a)    The Celgene Parties shall be entitled to deduct and withhold from any amounts payable under this Agreement such
taxes as are required to be deducted or withheld therefrom under any provision of applicable law. The party that is required to make such withholding (the “Paying Party”) will: (i) deduct those taxes from such payment,
(ii) timely remit the taxes to the proper taxing authority, and (iii) send evidence of the obligation together with proof of tax payment to the recipient party (the “Payee Party”) on a timely basis following that tax
payment; provided, however, that before making any such deduction or withholding, the Paying Party shall give the Payee Party notice of the intention to make such deduction or withholding (such notice, which shall include the authority, basis and
method of calculation for the proposed deduction or withholding, shall be given at least a reasonable period of time before such deduction or withholding is required, in order for such Payee Party to obtain reduction of or relief from such deduction
or withholding). Each Party agrees to cooperate with the other Parties in claiming refunds or exemptions from such deductions or withholdings under any relevant agreement or treaty which is in effect to ensure that any amounts required to be
withheld pursuant to this Section 4.7(a) are reduced in amount to the fullest extent permitted by applicable Laws. 

(b)    The parties acknowledge and agree that the Celgene Parties will not, absent a change in law or relevant
circumstance between the date of this Agreement and the Closing Date or any Subsequent Closing Date, as applicable, deduct or withhold from the amounts payable pursuant to Section 2.1(c) any amount in respect of any taxes
provided that the Company provides the Celgene Parties with a properly completed and duly executed IRS Form W-9. 

(c)    Tax Documentation. The Company has provided a properly completed and duly executed IRS Form W-9 to the Celgene Parties. Each Payee Party shall provide to the other party, at the time or times reasonably requested by such other parties or as required by applicable Law, such properly completed and duly
executed documentation (for example, IRS Forms W-8 or W-9) as will permit payments made under this Agreement to be made without, or at a reduced rate of, withholding for
taxes. 

  
 16 

 4.8    Amendment of Registration Rights Agreement and Voting and
Standstill Agreement. 
 (a)    The Company and the Celgene Parties agree that the Voting and Standstill Agreement is
hereby amended, in accordance with Section 6.5 of the Voting and Standstill Agreement, such that: 
 (i)    the
definition of “Purchased Shares” in the Recitals of the Voting and Standstill Agreement includes the Shares (in addition to the shares of Common Stock purchased by Celgene RIVOT under the First Share Purchase Agreement), and all references
to the “Purchased Shares” in the Voting and Standstill Agreement, and all terms and provisions otherwise applicable to the Purchased Shares, are understood to include reference to, and to be equally applicable to, the Shares; 

(ii)    clause (b) of Section 2.2 is amended in its entirety to read “(b) the rights of the Investors set
forth in Sections 2.3 and 2.4 of the Purchase Agreement and the rights of the Investors and their Affiliates to purchase shares in a Subsequent Closing (as such term is defined in the Share Purchase Agreement and Omnibus Amendment, dated as of
September 21, 2017, between the Company and the Investors (the “Second Purchase Agreement”)) under the Second Purchase Agreement”; 

(iii)    the definition of “Lock-Up Period” in Section 3.1 of the
Voting and Standstill Agreement is amended to include an additional clause (v) immediately following clause (iv), which clause (v) shall read “the 364 day period following the date of each closing of purchase of shares under the
Second Purchase Agreement”; and 
 (iv)    clause (B) of the last sentence of Section 3.2 of the Voting
and Standstill Agreement is amended in its entirety to read “(B) the Company shall have the right within 90 days of learning of such Disposition to terminate (by notice to the Investors in accordance with Section 6.3) all of the
Investors’ and their Permitted Transferees’ future rights under the Purchase Agreement and the Second Purchase Agreement to acquire any shares of Common Stock.” 

(b)    The Company and the Celgene Parties agree that the Registration Rights Agreement is hereby amended, in accordance
with Section 6(h) of the Registration Rights Agreement, such that: 
 (i)    the definition of “Registrable
Securities” is deleted and replaced in its entirety as follows: 
 “Registrable Securities” means (a) the Shares issued
pursuant to the Purchase Agreement, (b) the shares (the “Second Agreement Shares”) issued pursuant to the Share Purchase Agreement and Omnibus Amendment, dated as of September 21, 2017, between the Company and the
Investors, and (c) any other shares of Common Stock issued as (or issuable upon conversion or exercise of any warrant, right or other security which is issued as) a dividend or other distribution with respect to, in exchange for or in
replacement of the Shares or the Second Agreement Shares; provided, however, that no shares of Common Stock shall be deemed Registrable Securities for purposes of this Agreement to the extent such shares (x) have been sold to the public through
a registration statement or pursuant to Rule 144 or (y) have been sold, transferred or otherwise disposed of by a Person in a transaction in which its rights under this Agreement were not assigned in accordance with Section 6(k).”

 (ii)    The references to the “Purchase Agreement” in Section 3(h), Section 5(d) and
Section 6(g) of the Registration Rights Agreement shall be deemed to include reference to, and apply to, this Agreement. 

  
 17 

 (c)    Except as specifically provided for in this Agreement, the terms of
the Voting and Standstill Agreement and the Registration Rights Agreement shall be unmodified and shall remain in full force and effect. 

ARTICLE V. 
 CONDITIONS PRECEDENT
TO CLOSING 
 5.1    Conditions Precedent to the Obligation to Purchase Shares. The obligation of Celgene
Switzerland to acquire Shares at the Closing (or upon any Subsequent Closing) is subject to the fulfillment, on or prior to the Closing Date (or any Subsequent Closing Date), of each of the following conditions, any of which may be waived by Celgene
Switzerland: 
 (a)    Representations and Warranties. The representations and warranties made by the Company in
Section 3.1 hereof shall have been true and correct in all material respects as of the Closing Date (or Subsequent Closing Date) as if made on such date rather than on the date of this Agreement. 

(b)    Performance. The Company shall have performed, satisfied and complied in all material respects with all
covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by it at or prior to the Closing (or Subsequent Closing). 

(c)    No Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been
enacted, entered, promulgated or endorsed by any Governmental Authority of competent jurisdiction that prohibits the consummation of any of the transactions contemplated by the Transaction Documents. 

(d)    Regulatory Approvals and Filings. The parties shall have made all material filings and submissions with, and
obtained all material authorizations, approvals, consents, qualifications, orders and waivers from, all Governmental Authorities necessary to be obtained in order to effect the Closing (or Subsequent Closing), if any. 

(e)    No Suspensions of Trading in Common Stock. The Common Stock shall not have been suspended, as of the Closing
Date (or the Subsequent Closing Date), by the Commission or the Principal Trading Market from trading on the Principal Trading Market nor shall suspension by the Commission or the Principal Trading Market have been threatened, as of the Closing Date
(or Subsequent Closing Date), either (A) in writing by the Commission or the Principal Trading Market or (B) by falling below the minimum listing maintenance requirements of the Principal Trading Market. 

(f)    Company Deliverables. The Company shall have delivered the Company Deliverables in accordance with
Section 2.2(a) (provided that the only Company Deliverables with respect to a Subsequent Closing shall be the applicable Shares, in book-entry form and the certificates set forth in
Section 2.2(a)(iv), (v) and (vi)). 
 (g)    Compliance Certificate. The
Company shall have delivered to the applicable Celgene Party a certificate, dated as of the Closing Date (or Subsequent Closing Date) and signed by its Chief Executive Officer or its Chief Financial Officer, certifying to the fulfillment of the
conditions specified in Sections 5.1(a) and (b) in the form attached hereto as Exhibit B. 

(h)    Neither the Voting and Standstill Agreement nor the Registration Rights Agreement has been terminated in its
entirety. 

  
 18 

 (i)    Public Offering. For the Closing, the Public Offering Closing
shall have occurred. For any Subsequent Closing, the corresponding Underwriter Option Closing shall have occurred. 

5.2    Conditions Precedent to the Obligations of the Company to sell Shares. The Company’s obligation to sell
and issue the Shares at the Closing (or upon any Subsequent Closing) to Celgene Switzerland is subject to the fulfillment, on or prior to the Closing Date (or any Subsequent Closing Date), of each of the following conditions, any of which may be
waived by the Company: 
 (a)    Representations and Warranties. The representations and warranties made by the
Celgene Parties in Section 3.2 hereof shall be true and correct in all material respects as of the Closing Date (or Subsequent Closing Date) as if made on such date rather than on the date of this Agreement. 

(b)    Performance. The Celgene Parties shall have performed, satisfied and complied in all material respects with
all covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Celgene Parties at or prior to the Closing (or Subsequent Closing). 

(c)    No Change of Control of Celgene. Celgene Corp. shall not have undergone any Change of Control, and Celgene
Switzerland is a direct or indirect wholly owned controlled subsidiary of Celgene Corp. 
 (d)    Collaboration
Agreement. The Collaboration Agreement shall still be in effect, without any expiration or termination thereof pursuant to Article 11 thereof. 

(e)    No Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been
enacted, entered, promulgated or endorsed by any Governmental Authority of competent jurisdiction that prohibits the consummation of any of the transactions contemplated by the Transaction Documents. 

(f)     Regulatory Approvals and Filings. The parties shall have made all material filings and submissions with,
and obtained all material authorizations, approvals, consents, qualifications, orders and waivers from, all Governmental Authorities necessary to be obtained in order to effect the Closing (or Subsequent Closing), if any. 

(g)    Celgene Deliverables. The applicable Celgene Party shall have delivered the Celgene Deliverables in
accordance with Section 2.2(b) (provided that the only Celgene Deliverable with respect to a Subsequent Closing shall be the applicable purchase price). 

(h)    Compliance Certificate. The applicable Celgene Party shall have delivered to the Company a certificate,
dated as of the Closing Date (or the Subsequent Closing Date) and signed by Celgene Corp.’s treasurer or other corporate officer, certifying to the fulfillment of the conditions specified in Sections 5.2(a) and (b) in the
form attached hereto as Exhibit C. 
 (i)    Neither the Voting and Standstill Agreement nor the Registration
Rights Agreement has been terminated in its entirety. 
 (j)    Public Offering. For the Closing, the Public
Offering Closing shall have occurred. For any Subsequent Closing, the corresponding Underwriter Option Closing shall have occurred. 

  
 19 

 ARTICLE VI. 

MISCELLANEOUS 

6.1    Termination. This Agreement may be terminated and the transactions contemplated hereby abandoned: 

(a)    by written consent of the Company and the Celgene Parties; 

(b)    prior to the Closing, by written notice to the Company from the Celgene Parties if: 

(i)     there is any material breach of any representation, warranty, covenant or agreement on the part of the Company
set forth in this Agreement, such that the conditions specified in Section 5.1 would not be satisfied at the Closing (a “Terminating Company Breach”), except that, if such Terminating Company Breach is
curable by the Company through the exercise of its reasonable best efforts, then, for a period of up to thirty (30) days after receipt by the Company of notice from the Celgene Parties of such breach, but only as long as the Company continues
to use its reasonable best efforts to cure such Terminating Company Breach (the “Company Cure Period”), such termination shall not be effective and the Termination Date shall be automatically extended until the end of the Company
Cure Period, and such termination shall become effective only if the Terminating Company Breach is not cured within the Company Cure Period; 

(ii)    the Closing has not occurred on or before October 31, 2017 (subject to Sections 6.1(b)(i) and
6.1(c)(i), the “Termination Date”), unless a Celgene Party’s willful breach is the primary reason for the Closing not occurring on or before such date; or 

(iii)    the consummation of any of the transactions contemplated hereby is permanently enjoined or prohibited by the
terms of a final, non-appealable order of a court of competent jurisdiction; or 

(c)    prior to the Closing, by written notice to the Celgene Parties from the Company if: 

(i)    there is any material breach of any representation, warranty, covenant or agreement on the part of any of the
Celgene Parties set forth in this Agreement, such that the conditions specified in Section 5.2 would not be satisfied at the Closing (a “Terminating Celgene Breach”), except that, if any such Terminating
Celgene Breach is curable by the Celgene Parties through the exercise of its reasonable best efforts, then, for a period of up to thirty (30) days after receipt by the Celgene Parties of notice from the Company of such breach, but only as long
as the Celgene Parties continue to exercise such reasonable best efforts to cure such Terminating Celgene Breach (the “Celgene Cure Period”), such termination shall not be effective and the Termination Date shall be automatically
extended until the end of the Celgene Cure Period, and such termination shall become effective only if the Terminating Celgene Breach is not cured within the Celgene Cure Period; 

(ii)    the Closing has not occurred on or before the Termination Date, unless the Company’s willful breach is the
primary reason for the Closing not occurring on or before such date; or 
 (iii)    the consummation of any of the
transactions contemplated hereby is permanently enjoined or prohibited by the terms of a final, non-appealable order of a court of competent jurisdiction. 

6.2    Termination of Purchase Rights. The Company will have the unilateral right to terminate the rights of
Celgene Switzerland to purchase Shares in a Subsequent Closing upon written notice to the 

  
 20 

 
Celgene Parties (a) if the Company has exercised its termination rights under Section 2.2 of the Voting and Standstill Agreement, (b) if Celgene Corp.
undergoes a Change of Control, or (c) upon the expiration of the Term (as defined in the Collaboration Agreement) or the earlier termination of the Collaboration Agreement pursuant to Article 11 thereof. The Company will have the
unilateral right to terminate the rights of Celgene Switzerland to purchase Shares in a Subsequent Closing upon written notice to the Celgene Parties if Celgene Switzerland ceases to be a direct or indirect wholly owned controlled subsidiary of
Celgene Corp. 
 6.3    Effect of Termination. In the event of the termination of this Agreement pursuant to
Section 6.1, this Agreement shall forthwith become void and have no effect, without any liability on the part of any party hereto or its respective Affiliates, officers, directors or stockholders, other than liability of
the Company or any Celgene Party, as the case may be, for any intentional and willful breach of this Agreement occurring prior to such termination; provided, however, that, a failure of a Party to consummate the purchase of Shares in breach of this
Agreement shall be deemed to be intentional and willful. 
 6.4    Fees and Expenses. The Company and the Celgene
Parties shall each pay the fees and expenses of their respective advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party in connection with the negotiation, preparation, execution, delivery and
performance of this Agreement. The Company shall pay all Transfer Agent fees and stamp taxes levied in connection with the sale and issuance of the Shares to the Celgene Parties. 

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

6.6    Notices. Any and all notices or other communications or deliveries required or permitted to be provided
hereunder shall be in writing and shall be deemed given and effective on the earliest of (a) the date of transmission, if such notice or communication is delivered via facsimile (provided the sender receives a machine-generated confirmation of
successful transmission) at a facsimile number specified in this Section 6.6 prior to 5:00 P.M., New York City time, on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or
communication is delivered via facsimile at a facsimile number specified in this Section 6.6 on a day that is not a Trading Day or later than 5:00 P.M., New York City time, on any Trading Day, (c) the Trading Day
following the date of mailing, if sent by U.S. nationally recognized overnight courier service with next day delivery specified, (d) upon confirmation via electronic return receipt if such notice or communication is delivered via email at an
email address specified in this Section 6.6 or (e) upon actual receipt by the party to whom such notice is required to be given. The address for such notices and communications shall be as follows: 

 

			
	If to the Company:	 	Juno Therapeutics, Inc.
		 	Attention: General Counsel
		 	400 Dexter Ave N., Suite 1200
		 	Seattle, Washington 98109
		 	E-mail: [omitted]

  
 21 

			
	With a copy (which shall not constitute notice) to:
		
		 	Wilson Sonsini Goodrich & Rosati, P.C.
		 	701 5th Avenue, Suite 5100
		 	Seattle, Washington 98104
		 	Telephone No.:(206) 883-2568
		 	Facsimile No.:(206) 883-2699
		 	Attention: Patrick Schultheis
		 	                 Michael Nordtvedt
		 	E-mail: mnordtvedt@wsgr.com
	
	If to any Celgene Party:
		
		 	Celgene Corporation
		 	86 Morris Avenue
		 	Summit, New Jersey 07901
		 	Telephone No.: [omitted] 
		 	Facsimile No.: [omitted] 
		 	Attention: Senior Vice President, Business Development
		
	With a copy to:	 	Celgene Corporation
		 	86 Morris Avenue
		 	Summit, New Jersey 07901
		 	Telephone No.: [omitted] 
		 	Facsimile No.: [omitted] 
		 	Attention: General Counsel
	
	With a copy (which shall not constitute notice) to:
		
		 	Dechert LLP
		 	1900 K Street, NW
		 	Washington, DC 20006
		 	Telephone No.: (202) 261-3300
		 	Facsimile No.: (202) 261-3333
		 	Attention: David E. Schulman
		 	E-mail: david.schulman@dechert.com

 or such other address as may be designated in writing hereafter, in the same manner, by such Person. 

6.7    Amendments; Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except
in a written instrument signed, in the case of an amendment, by the Company and the Celgene Parties. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed to be a continuing waiver in the
future or a waiver of any subsequent default or a waiver of any other provision, condition or requirement hereof, nor shall any delay or omission of either party to exercise any right hereunder in any manner impair the exercise of any such right.

 6.8    Specific Performance. The parties hereby acknowledge and agrees that the rights of the parties
hereunder are special, unique and of extraordinary character, and that if any party refuses or otherwise fails to act, or to cause its Affiliates to act, in accordance with the provisions of this Agreement, such refusal or failure would result in
irreparable injury to the Company or the Celgene Parties, as the 

  
 22 

 
case may be, the exact amount of which would be difficult to ascertain or estimate and the remedies at law for which would not be reasonable or adequate compensation. Accordingly, if any party
refuses or otherwise fails to act, or to cause its Affiliates to act, in accordance with the provisions of this Agreement, then, in addition to any other remedy which may be available to any damaged party at law or in equity, such damaged party will
be entitled to seek specific performance and injunctive relief, without posting bond or other security, and without the necessity of proving actual or threatened damages, which remedy such damaged party will be entitled to seek in any court of
competent jurisdiction. 
 6.9    Construction. The headings herein are for convenience only, do not constitute a
part of this Agreement and shall not be deemed to limit or affect any of the provisions hereof. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules of strict
construction will be applied against any party. This Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions
of this Agreement or any of the Transaction Documents. 
 6.10    Successors and Assigns. The provisions of this
Agreement shall inure to the benefit of and be binding upon the parties and their successors and permitted assigns. This Agreement, or any rights or obligations hereunder, may not be assigned by either party without the prior written consent of the
other. 
 6.11    No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto
and their respective successors and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person. 

6.12    Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this
Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts of law thereof. Each party agrees that all Proceedings concerning the
interpretations, enforcement and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a party hereto or its respective Affiliates, employees or agents) shall be commenced exclusively
in the New York Courts. Each party hereto hereby irrevocably submits to the exclusive jurisdiction of the New York Courts for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or
discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any Proceeding, any claim that it is not personally subject to the jurisdiction of any such
New York Court, or that such Proceeding has been commenced in an improper or inconvenient forum. Each party hereto hereby irrevocably waives personal service of process and consents to process being served in any such Proceeding by mailing a copy
thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of
process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

6.13    Survival. The representations, warranties, agreements and covenants contained herein shall survive the
Closing and the delivery of the Shares. 
 6.14    Execution. This Agreement may be executed in two or more
counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective When 

  
 23 

 
counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the event that any signature is
delivered by facsimile transmission, or by e-mail delivery of a “.pdf” data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile signature page were an original thereof. 

6.15    Severability. If any provision of this Agreement is held to be invalid or unenforceable in any respect, the
validity and enforceability of the remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby and the parties will attempt to agree upon a valid and enforceable provision that is a reasonable substitute
therefor, and upon so agreeing, shall incorporate such substitute provision in this Agreement. 
 6.16    Celgene
Parties. The Company and the Celgene Parties hereby acknowledge and agree that (a) Celgene Switzerland is the party to this Agreement with respect to all rights and obligations (including payment obligations) under this Agreement with
respect to the Shares; and (b) Celgene Corp., Celgene Switzerland or Celgene RIVOT, at the discretion of Celgene Corp., shall undertake all other actions permitted or required to be taken by Celgene. Notwithstanding the foregoing, Celgene Corp.
shall cause Celgene Switzerland and Celgene RIVOT to perform Celgene Switzerland and Celgene RIVOT’s obligations hereunder, as applicable. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 24 

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

			
	COMPANY:
	
	JUNO THERAPEUTICS, INC.
		
	By:	 	 /s/ Steven D. Harr

	Name:	 	Steven D. Harr
	Title:	 	CFO & Head of Corporate Development

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

			
	INVESTORS:
	
	CELGENE CORPORATION
		
	By:	 	 /s/ Angus J. Grant

	Name:	 	Angus J. Grant
	Title:	 	Corporate Vice President, Business Development
	
	CELGENE RIVOT LTD.
		
	By:	 	 /s/ Kathleen Moniz

	Name:	 	Kathleen Moniz
	Title:	 	Director
	
	CELGENE SWITZERLAND LLC
		
	By:	 	Celgene Switzerland SA, as the sole member
		
	By:	 	 /s/ Nakisa Serry

	Name:	 	Nakisa Serry
	Title:	 	Director

 EXHIBITS 
  

	A:	Form of Secretary’s Certificate 

	B:	Form of Officer’s Certificate 

	C:	Form of Officer’s Certificate

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