Document:

exv10w1

Exhibit 10.1

EXECUTION VERSION

AMENDED AND RESTATED CREDIT AGREEMENT

among

LEAR CORPORATION

(as reorganized pursuant to and under the Plan of Reorganization)

The Several Lenders from Time to Time Parties Hereto,

BARCLAYS BANK PLC,

as Documentation Agent

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent

Dated as of March 18, 2010

J. P. MORGAN SECURITIES INC.,

CITIGROUP GLOBAL MARKETS INC.,

and

UBS SECURITIES LLC

as Joint Lead Arrangers and Joint Bookrunners

 

 

TABLE OF CONTENTS

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	SECTION 1. DEFINITIONS
	 	 	2	 
	1.1. Defined Terms
	 	 	2	 
	1.2. Other Definitional Provisions
	 	 	27	 
	 
	 	 	 	 
	SECTION 2. AMOUNT AND TERMS OF LOANS AND COMMITMENTS
	 	 	28	 
	2.1. Loans and Commitments
	 	 	28	 
	2.2. Procedure for Revolving Loan Borrowing
	 	 	28	 
	2.3. [Reserved]
	 	 	29	 
	2.4. Maturity and Repayment of Term Loans
	 	 	29	 
	2.5. Repayment of Revolving Loans
	 	 	31	 
	2.6. Fees
	 	 	31	 
	2.7. Termination or Reduction of Commitments
	 	 	31	 
	2.8. Optional Prepayments
	 	 	31	 
	2.9. Mandatory Prepayments
	 	 	32	 
	2.10. Conversion and Continuation Options
	 	 	33	 
	2.11. Limitations on Eurodollar Tranches
	 	 	33	 
	2.12. Interest Rates and Payment Dates
	 	 	33	 
	2.13. Computation of Interest and Fees
	 	 	34	 
	2.14. Inability to Determine Interest Rate
	 	 	34	 
	2.15. Pro Rata Treatment and Payments
	 	 	35	 
	2.16. Requirements of Law
	 	 	36	 
	2.17. Taxes
	 	 	37	 
	2.18. Indemnity
	 	 	39	 
	2.19. Change of Lending Office
	 	 	39	 
	2.20. Incremental Facility
	 	 	40	 
	2.21. Intercreditor Agreement
	 	 	41	 
	2.22. Defaulting Lenders
	 	 	41	 
	 
	 	 	 	 
	SECTION 3. LETTERS OF CREDIT
	 	 	43	 
	3.1. L/C Commitment
	 	 	43	 
	3.2. Procedure for Issuance of Letter of Credit
	 	 	43	 
	3.3. Fees and Other Charges
	 	 	43	 
	3.4. L/C Participations
	 	 	44	 
	3.5. Reimbursement Obligation of the Borrower
	 	 	45	 
	3.6. Obligations Absolute
	 	 	45	 
	3.7. Letter of Credit Payments
	 	 	45	 
	3.8. Applications
	 	 	45	 
	 
	 	 	 	 
	SECTION 4. REPRESENTATIONS AND WARRANTIES
	 	 	46	 
	4.1. No Change
	 	 	46	 
	4.2. Existence; Compliance with Law
	 	 	46	 
	4.3. Power; Authorization; Enforceable Obligations
	 	 	46	 
	4.4. No Legal Bar
	 	 	47	 
	4.5. Litigation
	 	 	47	 
	4.6. No Default
	 	 	47	 
	4.7. Ownership of Property; Liens
	 	 	47	 

i

 

 

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	4.8. Intellectual Property
	 	 	47	 
	4.9. Taxes
	 	 	47	 
	4.10. Federal Regulations
	 	 	48	 
	4.11. Labor Matters
	 	 	48	 
	4.12. ERISA
	 	 	48	 
	4.13. Investment Company Act; Other Regulations
	 	 	48	 
	4.14. Subsidiaries
	 	 	48	 
	4.15. Use of Proceeds
	 	 	48	 
	4.16. Environmental Matters
	 	 	48	 
	4.17. Accuracy of Information, etc.
	 	 	49	 
	4.18. Financial Statements
	 	 	50	 
	4.19. Insurance
	 	 	50	 
	4.20. Security Documents
	 	 	50	 
	4.21. Solvency
	 	 	51	 
	4.22. Regulation H
	 	 	51	 
	 
	 	 	 	 
	SECTION 5. CONDITIONS PRECEDENT
	 	 	51	 
	5.1. Closing Date
	 	 	51	 
	5.2. Delayed Draw Funding Date
	 	 	55	 
	5.3. Restatement Date
	 	 	55	 
	5.4. Each Extension of Credit under the Incremental Revolving Facility
	 	 	56	 
	 
	 	 	 	 
	SECTION 6. AFFIRMATIVE COVENANTS
	 	 	56	 
	6.1. Financial Statements
	 	 	57	 
	6.2. Certificates; Other Information
	 	 	57	 
	6.3. Payment of Obligations
	 	 	58	 
	6.4. Maintenance of Existence; Compliance
	 	 	59	 
	6.5. Maintenance of Property; Insurance
	 	 	59	 
	6.6. Inspection of Property; Books and Records; Discussions
	 	 	59	 
	6.7. Notices
	 	 	59	 
	6.8. Environmental Laws
	 	 	60	 
	6.9. Additional Collateral, etc.
	 	 	60	 
	6.10. Post-Closing Matters
	 	 	61	 
	 
	 	 	 	 
	SECTION 7. NEGATIVE COVENANTS
	 	 	62	 
	7.1. Financial Covenants
	 	 	62	 
	7.2. Indebtedness
	 	 	63	 
	7.3. Liens
	 	 	66	 
	7.4. Fundamental Changes
	 	 	69	 
	7.5. Disposition of Property
	 	 	69	 
	7.6. Restricted Payments
	 	 	70	 
	7.7. Investments
	 	 	70	 
	7.8. Transactions with Affiliates
	 	 	72	 
	7.9. Swap Agreements
	 	 	72	 
	7.10. Changes in Fiscal Periods
	 	 	72	 
	7.11. Negative Pledge Clauses
	 	 	72	 
	7.12. Clauses Restricting Subsidiary Distributions
	 	 	73	 
	7.13. Lines of Business
	 	 	73	 
	7.14. Use of Proceeds
	 	 	73	 
	7.15. Optional Payments and Modifications in respect of Permitted Second Lien Indebtedness
	 	 	73	 
	7.16. Sale and Leasebacks
	 	 	74	 

ii

 

 

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	SECTION 8. EVENTS OF DEFAULT
	 	 	74	 
	8.1. Events of Default
	 	 	74	 
	 
	 	 	 	 
	SECTION 9. THE AGENTS
	 	 	76	 
	9.1. Appointment
	 	 	76	 
	9.2. Delegation of Duties
	 	 	77	 
	9.3. Exculpatory Provisions
	 	 	77	 
	9.4. Reliance by Agents
	 	 	77	 
	9.5. Notice of Default
	 	 	78	 
	9.6. Non-Reliance on Agents and Other Lenders
	 	 	78	 
	9.7. Indemnification
	 	 	78	 
	9.8. Agent in Its Individual Capacity
	 	 	79	 
	9.9. Successor Administrative Agent
	 	 	79	 
	9.10. Execution of Loan Documents
	 	 	79	 
	9.11. Collateral Agent
	 	 	79	 
	 
	 	 	 	 
	SECTION 10. MISCELLANEOUS
	 	 	80	 
	10.1. Amendments and Waivers
	 	 	80	 
	10.2. Notices
	 	 	82	 
	10.3. No Waiver; Cumulative Remedies
	 	 	83	 
	10.4. Survival of Representations and Warranties
	 	 	83	 
	10.5. Payment of Expenses and Taxes
	 	 	83	 
	10.6. Successors and Assigns; Participations and Assignments
	 	 	84	 
	10.7. Adjustments; Set off
	 	 	87	 
	10.8. Counterparts
	 	 	88	 
	10.9. Severability
	 	 	88	 
	10.10. Integration
	 	 	88	 
	10.11. GOVERNING LAW
	 	 	88	 
	10.12. Submission To Jurisdiction; Waivers
	 	 	88	 
	10.13. Acknowledgements
	 	 	89	 
	10.14. Releases of Guarantees and Liens
	 	 	89	 
	10.15. Confidentiality
	 	 	89	 
	10.16. WAIVERS OF JURY TRIAL
	 	 	90	 
	10.17. USA Patriot Act
	 	 	90	 
	10.18. Amendment and Restatement
	 	 	90	 

	 	 	 
	SCHEDULES:
	 	 
	 
	 	 
	1.1A

	 	Commitments
	1.1B

	 	Mortgaged Property
	4.3

	 	Consents, Authorizations, Filings and Notices
	4.14

	 	Subsidiaries
	4.20(a)

	 	UCC Filing Jurisdictions
	4.20(b)

	 	Mortgage Filing Jurisdictions
	6.10

	 	Post-Closing Matters
	7.2(d)

	 	Existing Indebtedness
	7.3(f)

	 	Existing Liens

iii

 

 

	 	 	 
	EXHIBITS:
	 	 
	 
	 	 
	A

	 	Form of Intercompany Subordinated Note
	B

	 	Form of Assignment and Assumption
	C

	 	Form of Compliance Certificate
	D

	 	Form of Guarantee and Collateral Agreement
	E

	 	Form of Intercreditor Agreement
	F

	 	Form of Exemption Certificate
	G

	 	Form of Closing Certificate

iv

 

 

          AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), dated as of March 18, 2010,
among (i) LEAR CORPORATION, a Delaware corporation, as reorganized pursuant to and under the Plan
of Reorganization (as defined below) (the “Borrower”), (ii) the several banks and other
financial institutions or entities from time to time parties to this Agreement (the
“Lenders”), (iii) BARCLAYS BANK PLC, as documentation agent, and (iv) JPMORGAN CHASE BANK,
N.A., as administrative agent (in such capacity, the “Administrative Agent”) and as
collateral agent for the Lenders (in such capacity the “Collateral Agent”).

INTRODUCTORY STATEMENT:

          WHEREAS, on July 7, 2009 (the “Petition Date”), the Borrower and certain of its subsidiaries
(the “Debtors”) filed voluntary petitions for relief under Chapter 11 of Title 11 of the United
States Code (as amended, the “Bankruptcy Code”) in the United States Bankruptcy Court for
the Southern District of New York (the “Bankruptcy Court”) and continued in the possession
of their property and in the management of their businesses pursuant to Sections 1107 and 1108 of
the Bankruptcy Code;

          WHEREAS, on or about November 5, 2009, the Bankruptcy Court entered the Confirmation Order
confirming the Debtors’ First Amended Joint Plan of Reorganization Under Chapter 11 of the
Bankruptcy Code, dated September 18, 2009 (as in effect on the date of confirmation thereof and as
thereafter may be amended, the “Plan of Reorganization”); and

          WHEREAS, in connection with the confirmation and implementation of the Plan of Reorganization,
the Borrower entered into the Credit Agreement, dated as of October 22, 2009 (the “Existing Credit
Agreement”) with the several banks and other financial institutions parties thereto, Barclays Bank
plc, as documentation agent, and JPMorgan Chase Bank, N.A., as administrative agent;

          WHEREAS, Section 2.20 of the Existing Credit Agreement provides that, subject to certain
conditions, the Borrower may at any time or from time to time after the Closing Date request one or
more additional tranches of terms loans, revolving facilities or letter of credit facilities to be
added to the Facility (as defined in the Existing Credit Agreement);

          WHEREAS, the Borrower has requested, and certain financial institutions (each an
“Incremental Revolving Lender”) have agreed, subject to the terms and conditions set forth
herein, to provide revolving credit loans and letters of credit to the Borrower (the
“Incremental Revolving Facility”);

          WHEREAS, the Borrower, each Incremental Revolving Lender and the Administrative Agent have
agreed to amend and restate the Existing Credit Agreement as provided in this Agreement to add the
Incremental Revolving Facility to the Existing Credit Agreement;

          WHEREAS, it is the intent of the parties hereto that this Agreement not constitute a novation
of the obligations and liabilities existing under the Existing Credit Agreement that remain
outstanding or evidence repayment of any such obligations and liabilities and that this Agreement
amend and restate in its entirety the Existing Credit Agreement and re-evidence the obligations of
the Borrower outstanding thereunder;

          NOW, THEREFORE, in consideration of the above premises, the Borrower, each Incremental
Revolving Lender and the Administrative Agent agree that on the Restatement Date (as defined below)
the Existing Credit Agreement shall be amended and restated in its entirety as follows:

 

2

SECTION 1. DEFINITIONS

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

          “ABR”: for any day, a rate per annum (rounded upwards, if necessary, to the next 1/16
of 1%) equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds
Effective Rate in effect on such day plus 1/2 of 1% and (c) the Eurodollar Rate with a one-month
Interest Period commencing on such day plus 1.0%; provided, that in no event shall ABR for
the Term Facility be less than 3.00% per annum. Any change in the ABR due to a change in the Prime
Rate, the Federal Funds Effective Rate or such Eurodollar Rate shall be effective as of the opening
of business on the effective day of such change in the Prime Rate, the Federal Funds Effective Rate
or such Eurodollar Rate, respectively.

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

          “Acquisition”: any transaction or series of related transactions for the purpose of
or resulting, directly or indirectly, in (a) the acquisition of all or a substantial portion of the
assets of a Person, or of all or a substantial portion of any business or division of a Person, (b)
the acquisition of in excess of 50% of the capital stock, partnership interests, membership
interests or equity of any Person, or otherwise causing any Person to become a Subsidiary, or (c) a
merger or consolidation or any other combination with another Person (other than a Person that is
already a Subsidiary).

          “Additional Lender”: as defined in Section 2.20.

          “Administrative Agent”: JPMorgan Chase Bank, N.A., together with its affiliates, as
the arranger of the Commitments and as the administrative agent for the Lenders under this
Agreement and the other Loan Documents, together with any of its successors.

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

          “Agent Indemnitees”: as defined in Section 9.7.

          “Agents”: the collective reference to the Administrative Agent and the Collateral
Agent.

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

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

          “Agreement”: as defined in the preamble hereto.

 

3

          “Applicable Margin”: (a) with regard to each Term Loan, a percentage per annum equal
to (i) 4.50% in the case of ABR Loans and (ii) 5.50% in the case of Eurodollar Loans; provided that
if and as long as the Consolidated Leverage Ratio as of the last day of the most recent fiscal
quarter for which financial statements have been delivered pursuant to Section 6.1 is equal to or
less than 2.5 to 1.0, the percentage per annum shall be reduced to 4.25% in the case of ABR Loans
and 5.25% in the case of Eurodollar Loans (with any change in the Applicable Margin pursuant to
this proviso to become effective on the date that is three Business Days after the applicable
financial statements have been delivered to the Lenders and to remain effective until the next
change shall become effective pursuant to this proviso); provided further that at all times while
an Event of Default shall have occurred and be continuing, the percentage per annum shall not be
reduced pursuant to this proviso and (b) with regard to each Revolving Loan, a percentage per annum
determined pursuant to the Applicable Pricing Grid by reference to the Corporate Ratings in effect
at the time; provided that the Applicable Margin with respect to the Revolving Loans will decrease
by 0.25% over the rate per annum determined pursuant to the Applicable Pricing Grid after the Term
Loans are repaid in full.

          “Applicable Pricing Grid”: the table set forth below:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Applicable Rate	 	 
	Corporate Rating	 	Eurodollar Loan	 	ABR Loan	 	Commitment Fee Rate
	<B or B2
	 	 	4.75	%	 	 	3.75	%	 	 	0.75	%
	≥ B or B2
	 	 	4.50	%	 	 	3.50	%	 	 	0.50	%
	≥ BB- or Ba3
	 	 	3.75	%	 	 	2.75	%	 	 	0.50	%
	≥ BB or Ba2
	 	 	3.50	%	 	 	2.50	%	 	 	0.50	%

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

          “Approved Fund”: any Person (other than a natural person) that is engaged in making,
purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary
course and 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.

          “Arrangers”: the collective reference to J.P. Morgan Securities Inc., Citigroup Global
Markets Inc. and UBS Securities LLC.

          “Asset Sale”: any Disposition of property or series of related Dispositions of
property excluding any such Disposition permitted by Section 7.5(a) through (l).

          “Assignee”: as defined in Section 10.6(b).

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

 

4

          “Available Revolving Commitment”: as to any Revolving Lender at any time, an amount
equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such
Lender’s Revolving Extensions of Credit then outstanding.

          “Bankruptcy Code”: as defined in the recitals hereto.

          “Bankruptcy Court”: as defined in the recitals hereto.

          “Benefited Lender”: as defined in Section 10.7(a).

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

          “Borrower”: as defined in the preamble hereto.

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

          “Business”: as defined in Section 4.16(b).

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

          “Canadian Court”: the Ontario Superior Court of Justice, Commercial List.

          “Canadian Debtors”: the Borrower’s Canadian Subsidiaries that are Debtors.

          “Canadian Dollars”: dollars in the lawful currency of Canada.

          “Capital Expenditures”: for any period, with respect to any Person, the aggregate of
all expenditures by such Person and its Subsidiaries for the acquisition or leasing (pursuant to a
capital lease) of fixed or capital assets or additions to equipment (including replacements,
capitalized repairs and improvements during such period) that should be capitalized under GAAP on a
consolidated balance sheet of such Person and its Subsidiaries, but excluding (i) such expenditures
that are made in connection with the purchase, replacement, substitution or restoration of assets
to the extent of (A) insurance proceeds (or other similar recoveries) paid (or reasonably expected
to be paid) on account of the loss of or damage to assets or (b) cash awards of compensation
arising from (or reasonably expected to arise from) the taking by eminent domain or condemnation of
assets, (ii) such expenditures that are made with all or any portion of a Reinvestment Deferred
Amount, (iii) capitalized interest, (iv) such expenditures for which such Person is or reasonably
expects to be reimbursed in cash by a third party (other than any Group Member), (v) such
expenditures that are made with the proceeds of an Excluded Issuance and (vi) such expenditures
that are made to fund the purchase price for assets acquired in Permitted Acquisitions.

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

 

5

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

          “Cases”: the cases of the Debtors before the Bankruptcy Court.

          “Cash Equivalents”: (a) securities issued or unconditionally guaranteed or insured by
the United States Government, the Canadian Government, Japan or any member of the European Union or
any other government approved by the Administrative Agent (which approval shall not be unreasonably
withheld), (b) securities issued or unconditionally guaranteed or insured by any state of the
United States of America or province of Canada or any agency or instrumentality thereof having
maturities of not more than twelve months from the date of acquisition and having one of the two
highest ratings obtainable from either S&P or Moody’s, (c) time deposits, certificates of deposit
and bankers’ acceptances having maturities of not more than twelve months from the date of
acquisition, in each case with any Lender (or any affiliate of any thereof) or with any commercial
bank organized under the laws of the United States of America or any state thereof or the District
of Columbia, Japan, Canada or any member of the European Union or any U.S. branch of a foreign bank
having at the date of acquisition capital and surplus of not less than $100,000,000, (d) repurchase
obligations with a term of not more than seven days for underlying securities of the types
described in clauses (a), (b) and (c) entered into with any bank meeting the qualifications
specified in clause (c) above, (e) commercial paper issued by the parent corporation of any Lender
and commercial paper rated, at the time of acquisition, at least “A 1” or the equivalent thereof by
S&P or “P 1” or the equivalent thereof by Moody’s and in either case maturing within twelve months
after the date of acquisition, (e) deposits maintained with money market funds having total assets
in excess of $300,000,000, (f) demand deposit accounts maintained in the ordinary course of
business with banks or trust companies, (g) temporary deposits, of amounts received in the ordinary
course of business pending disbursement of such amounts, in demand deposit accounts in banks
outside the United States, (h) deposits in mutual funds which invest substantially all of their
assets in preferred equities issued by U.S. corporations rated at least “AA” (or the equivalent
thereof) by S&P; provided, that notwithstanding the foregoing, Cash Equivalents shall, in any
event, include all cash and cash equivalents as set forth in the Borrower’s balance sheet prepared
in accordance with GAAP, and (i) other investments requested by the Borrower and approved by the
Administrative Agent.

          “CCAA Cases”: the cases commenced by the Canadian Debtors in the Canadian Court under
Section 18.6 of the Companies’ Creditors Arrangement Act.

          “Change of Control”: after the occurrence of the Effective Date, (a) the acquisition
of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the
meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange
Commission thereunder as in effect on the date hereof), of Capital Stock representing more than 35%
of the aggregate ordinary voting power represented by the issued and outstanding Capital Stock of
the Borrower; or (b) occupation of a majority of the seats (other than vacant seats) on the board
of directors of the Borrower by Persons who were neither (i) nominated by the board of directors of
the Borrower nor (ii) appointed by directors so nominated.

          “Chinese Acceptance Notes”: acceptance notes issued by Chinese banks in the ordinary
course of business for the account of any direct or indirect Chinese Subsidiary of the Borrower or
customers thereof to effect the current payment of goods and services in accordance with customary
trade terms in China.

 

6

          “Closing Date”: the date on which the conditions precedent set forth in Section 5.1
shall have been satisfied or waived and the funding of the Closing Date Loans occurs, which date is
November 9, 2009.

          “Closing Date Commitment”: as to any Lender, the obligation of such Lender to make a
Closing Date Loan to the Borrower in an aggregate principal amount not to exceed the amount set
forth under the heading “Closing Date Commitment” opposite such Lender’s name on Schedule 1.1A.
The original aggregate amount of the Closing Date Commitments was $200,000,000.

          “Closing Date Loan”: as defined in Section 2.1(a).

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

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

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

          “Collateral Agent”: as defined in the preamble hereto.

          “Commitment”: as to any Lender, the sum of the Closing Date Commitment, the Delayed
Draw Commitment and the Revolving Commitment of such Lender.

          “Commitment Fee Rate”: the rate determined pursuant to the Applicable Pricing Grid by
reference to the Corporate Ratings in effect at the time.

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

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

          “Conduit Lender”: any special purpose corporation organized and administered by any
Lender for the purpose of making Loans otherwise required to be made by such Lender and designated
by such Lender in a written instrument; provided, that the designation by any Lender of a
Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan
under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the
designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to
deliver all consents and waivers required or requested under this Agreement with respect to its
Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled
to receive any greater amount pursuant to Section 2.16, 2.17, 2.18 or 10.5 than the designating
Lender would have been entitled to receive in respect of the extensions of credit made by such
Conduit Lender or (b) be deemed to have any Commitment.

          “Confirmation Order”: as defined in Section 5.1(h).

 

7

          “Consolidated Assets”: at a particular date, all amounts which would be included
under total assets on a consolidated balance sheet of the Borrower and its Subsidiaries as at such
date, determined in accordance with GAAP.

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

          “Consolidated Current Liabilities”: at any date, all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like
caption) on a consolidated balance sheet of the Borrower and its Subsidiaries at such date, but
excluding the current portion of any Funded Debt of the Borrower and its Subsidiaries.

          “Consolidated EBITDA”: for any period (and calculated without duplication),
Consolidated Net Income for such period excluding (a) any extraordinary and non-recurring non-cash
expenses, losses, income or gains as determined in accordance with GAAP, (b) charges, premiums,
expenses and any gains associated with the discharge of Indebtedness, (c) charges relating to FAS
106, (d) any non-cash income included, and any non-cash deductions made, in determining
Consolidated Net Income for such period (other than any deductions which represent the accrual of
or a reserve for the payment of cash charges in any future period), provided that cash
payments made in any subsequent period in respect of any item for which any such non-cash deduction
was excluded in a prior period shall be deemed to reduce Consolidated Net Income by such amount in
such subsequent period, (e) stock compensation expense and non-cash equity linked expense, (f)
deferred financing fees (and any write-offs thereof), (g) write-offs of goodwill, (h) an aggregate
amount of up to (i) $200,000,000 for fiscal year 2009, and (ii) $150,000,000 for each fiscal year
thereafter (provided that up to $25,000,000 of such amount may be carried forward to the
following fiscal year or carried back to the preceding fiscal year) in respect of restructuring,
restructuring-related or other similar charges, (i) fees, costs, charges, commissions and expenses
or other charges incurred during such period in connection with this Agreement, the DIP Credit
Agreement, the Cases, the Plan of Reorganization and the transactions contemplated by the
foregoing, including the write-off of receivables of Chrysler, GM and their affiliates as a result
of their respective bankruptcy filings, the termination or settlement of executory contracts,
professional and accounting costs fees and expenses, management incentive, employee retention or
similar plans (in each case to the extent such plan is approved by the Bankruptcy Court to the
extent required), litigation costs and settlements, asset write-downs, income and gains recorded in
connection with the corporate reorganization effected in connection with the winding up the Debtors
prior to emergence, (j) foreign exchange gains and losses and (k) any state or local taxes, plus,
to the extent deducted in determining Consolidated Net Income, the sum of (A) Consolidated Interest
Expense, (B) any expenses for taxes, (C) depreciation and amortization expense, (D) minority
interests in income (or losses) of Subsidiaries and (E) net equity earnings (and losses) in
Affiliates (excluding Subsidiaries). For purposes of calculating the ratios set forth in Section
7.1(a) and (b), Consolidated EBITDA for any fiscal period shall in any event include the
Consolidated EBITDA for such fiscal period of any entity acquired by the Borrower or any of its
Subsidiaries in a Permitted Acquisition during such period. Notwithstanding the foregoing, for
purposes of calculating Consolidated EBITDA for each of the four fiscal quarter periods ending
December 31, 2009, March 31, 2010 and June 30, 2010, Consolidated EBITDA for such four fiscal
quarter periods shall equal Consolidated EBITDA for the period commencing on October 1, 2009 and
ending on December 31, 2009, April 3, 2010 and July 3, 2010, as applicable, multiplied by 4, 2 and
4/3, respectively.

          “Consolidated Interest Expense”: for any period, the amount which would, in
conformity with GAAP, be set forth opposite the caption “interest expense” (or any like caption) on
a consolidated income statement of the Borrower and its Subsidiaries for such period and, to the
extent not otherwise

 

8

included in “interest expense”, any other discounts and expenses comparable to or in the
nature of interest under any Receivable Financing Transaction; provided, that Consolidated Interest
Expense for any period shall (a) exclude (i) fees payable in respect of such period under Section
2.6, (ii) any amortization or write-off of deferred financing fees during such period, (iii)
premiums paid in connection with the discharge of Indebtedness, (iv) any non-cash expense, and (v)
interest payments made by the Debtors during the pendency of the Cases on pre-petition
Indebtedness, and (b) include any interest income during such period.

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

          “Consolidated Net Income”: for any period, the consolidated net income (or deficit)
of the Borrower and its Subsidiaries for such period (taken as a cumulative whole), determined in
accordance with GAAP; provided that any provision for post-retirement medical benefits, to
the extent such provision calculated under FAS 106 exceeds actual cash outlays calculated on the
“pay as you go” basis, shall not to be taken into account.

          “Consolidated Revenues”: for any fiscal period, the consolidated revenues of the
Borrower and its Subsidiaries for such period, determined in accordance with GAAP.

          “Consolidated Total Tangible Assets”: as of any date of determination thereof, the
aggregate consolidated book value of the assets of the Borrower and its Subsidiaries (other than
patents, patent rights, trademarks, trade names, franchises, copyrights, licenses, permits,
goodwill and other similar intangible assets properly classified as such in accordance with GAAP)
after all appropriate adjustments (including, without limitation, reserves for doubtful
receivables, obsolescence, depreciation and amortization), all as set forth in the most recent
consolidated balance sheet of the Borrower delivered pursuant to Section 6.1 on such date of
determination, determined on a consolidated basis in accordance with GAAP.

          “Consolidated Total Debt”: at any date, the aggregate principal amount of all
Indebtedness of the Borrower and its Subsidiaries at such date, determined on a consolidated basis,
that would be required to be shown as debt on a balance sheet of the Borrower prepared in
accordance with GAAP, but excluding Chinese Acceptance Notes and Earn-outs; provided that
solely with respect to the definition of “ECF Percentage”, Consolidated Total Debt shall be
determined as set forth above, but net of cash and Cash Equivalents of the Borrower and its
Subsidiaries in excess of $650,000,000 on the date of determination.

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

          “Consummation Date”: the date of substantial consummation (as defined in Section 1101
of the Bankruptcy Code) of the Plan of Reorganization.

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

          “Corporate Rating” shall mean, as of any date, the corporate issuer rating assigned by
S&P and the corporate credit rating assigned by Moody’s, in each case, with respect to the
Borrower. For purposes of the foregoing, (a) if the ratings established or deemed to have been
established by S&P and

 

9

Moody’s shall be changed (other than as a result of a change in the rating system of S&P or
Moody’s), such change shall be effective as of the date on which it is first announced by the
applicable rating agency; (b) if the ratings established or deemed to have been established by S&P
and Moody’s with respect to the Borrower shall fall within different levels, the Applicable Margin
shall be based on the higher of the two ratings unless one of the two ratings is two or more levels
lower than the other, in which case the Applicable Margin shall be determined by reference to the
level next below that of the higher of the two ratings; (c) if either S&P or Moody’s shall not have
in effect a corporate credit rating or corporate issuer rating, as applicable (other than by reason
of the circumstances referred to in the last sentence of this paragraph), then such rating agency
shall be deemed to have established a rating below B or B2, as applicable; and (d) at any time that
an Event of Default has occurred and is continuing, S&P and Moody’s shall be deemed to have
established ratings below B or B2, as applicable. Each change in the Applicable Margin shall apply
during the period commencing on the effective date of such change and ending on the date
immediately preceding the effective date of the next such change. If the rating system of S&P or
Moody’s shall change, the Borrower and the Lenders shall negotiate in good faith to amend this
paragraph to reflect such changed rating system and, pending the effectiveness of any such
amendment, the Applicable Margin shall be determined by reference to the rating most recently in
effect prior to such change.

          “Debtors”: as defined in the preamble.

          “Default”: any of the events specified in Section 8.1, whether or not any requirement
for the giving of notice, the lapse of time, or both, has been satisfied.

          “Defaulting Lender” any Lender that (a) has failed to fund any portion of the Loans or
participations in Letters of Credit required to be funded by it hereunder within three (3) Business
Days of the date required to be funded by it hereunder, unless such failure is the subject of a
good faith dispute or subsequently cured (in which case such Lender shall cease to be a Defaulting
Lender as of the date of such cure), (b) has otherwise failed to pay over to the Administrative
Agent or any other Lender any other amount required to be paid by it hereunder within three (3)
Business Days of the date when due, unless such failure is the subject of a good faith dispute or
subsequently cured (in which case such Lender shall cease to be a Defaulting Lender as of the date
of such cure), or (c) has become the subject of a bankruptcy or insolvency proceeding.

          “Delayed Draw Availability Period”: the period from but excluding the Closing Date to
but excluding the date that is 35 days after the Closing Date.

          “Delayed Draw Commitment”: as to any Lender, the obligation, if any, of such Lender to make a
Delayed Draw Loan in a principal amount not to exceed the amount set forth under the heading
“Delayed Draw Commitment” opposite such Lenders name on Schedule 1.1A. The original aggregate
amount of the Delayed Draw Commitments was $200,000,000.

          “Delayed Draw Commitment Fee”: as defined in Section 2.6(c).

          “Delayed Draw Loan”: as defined in Section 2.1(a).

          “Delayed Draw Funding Date”: the date on which the conditions precedent set forth in
Section 5.2 shall have been satisfied or waived and the funding of the Delayed Draw Loans occurs.

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

 

10

such Lender’s Delayed Draw Loans then outstanding constitutes of the aggregate principal
amount of the Delayed Draw Loans then outstanding).

          “DIP Agent”: JPMorgan Chase Bank, N.A. in its capacity as administrative agent for the
lenders under the DIP Credit Agreement.

          “DIP Credit Agreement”: the Credit and Guarantee Agreement, dated as of July 6, 2009
among the Borrower and certain of its Subsidiaries, the lenders from time to time party thereto,
the DIP Agent and the other parties thereto, as amended, supplemented or otherwise modified prior
to the date hereof.

          “DIP Facility”: the term loan facility made available under the DIP Credit Agreement.

          “Disclosure Statement”: the disclosure statement in respect of the Plan of
Reorganization, in form and substance reasonably satisfactory to the Administrative Agent,
distributed to certain holders of claims (as defined in Section 101(5) of the Bankruptcy Code)
against the Debtors.

          “Disposition”: with respect to any property, any sale, lease, sale and leaseback,
assignment, conveyance, transfer or other disposition thereof, excluding any such transaction that
yields Net Cash Proceeds to any Group Member (valued at the initial principal amount thereof in the
case of non-cash proceeds consisting of notes or other debt securities and valued at fair market
value in the case of other non-cash proceeds) of $1,000,000 or less. The terms “Dispose” and
“Disposed of” shall have correlative meanings.

          “Dollar Equivalent”: with respect to an amount denominated in any currency other than
Dollars, the equivalent in Dollars of such amount determined at the Exchange Rate on the date of
determination of such equivalent.

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

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

          “Earn-outs”: with respect to any Person, obligations of such Person arising from a
Permitted Acquisition which are payable to the seller based on the achievement of specified
financial results over time. The amount of any Earn-outs at any time for the purpose of this
Agreement shall be the amount earned and due to be paid at such time.

          “ECF Percentage”: for any fiscal year (or, in the case of the first period, the
portion of the fiscal year following the first anniversary of the Closing Date), (a) 50% if the
Consolidated Leverage Ratio exceeds 1.75 to 1.00 as of the last day of such fiscal year, (b) 25% if
the Consolidated Leverage Ratio is equal to or less than 1.75 to 1.00 but exceeds 0.50 to 1.00 as
of the last day of such fiscal year and (c) 0% if the Consolidated Leverage Ratio is equal to or
less than 0.50 to 1.00 as of the last day of such fiscal year.

          “Effective Date”: the effective date of the Plan of Reorganization.

          “Eligible Assignee”: (a) a commercial bank, financial institution, financial company,
fund or insurance company that is engaged in making, purchasing, holding or investing in bank loans
and similar extensions of credit in the ordinary course or (b) any other Person that is not a
competitor of the Borrower or any of its Subsidiaries or an affiliate of any such competitor.

 

11

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

          “Equity Sweep Percentage”: at any time, (a) 50% if the Consolidated Leverage Ratio
exceeds 1.75 to 1.00 as of the last day of the most recent period of four consecutive fiscal
quarters of the Borrower, (b) 25% if the Consolidated Leverage Ratio is equal to or less than 1.75
to 1.00 but exceeds 1.00 to 1.00 as of the last day of the most recent period of four consecutive
fiscal quarters of the Borrower and (c) 0% if the Consolidated Leverage Ratio is equal to or less
than 1.00 to 1.00 as of the last day of the most recent period of four consecutive fiscal quarters
of the Borrower.

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

          “ERISA Affiliate”: any trade or business (whether or not incorporated) that, together
with any Loan Party, is treated as a single employer under Section 414(b) or (c) of the Code or,
solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

          “ERISA Event”: (a) any Reportable Event; (b) the existence with respect to any Plan of
a non-exempt Prohibited Transaction; (c) any failure by any Single Employer Plan to satisfy the
minimum funding standards (within the meaning of Sections 412 or 430 of the Code or Section 302 of
ERISA) applicable to such Single Employer Plan, whether or not waived; (d) a determination that any
Single Employer Plan is in “at risk” status (within the meaning of Section 430 of the Code or Title
IV of ERISA); (e) the incurrence by any Loan Party or any of its ERISA Affiliates of any liability
under Title IV of ERISA with respect to the termination of any Single Employer Plan, including but
not limited to the imposition of any Lien in favor of the PBGC or any Single Employer Plan; (f) the
incurrence by any Loan Party or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by any
Loan Party or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan
from a Loan Party or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal
Liability or a determination that a Multiemployer Plan is, or is expected to be, Insolvent, in
Reorganization, or in endangered or critical status (within the meaning of Section 432 of the Code
or Section 305 or Title IV of ERISA.

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

          “Eurodollar Base Rate”: with respect to each day during each Interest Period
pertaining to a Eurodollar Loan, the rate per annum determined on the basis of the rate for
deposits in Dollars for a period equal to such Interest Period commencing on the first day of such
Interest Period appearing on Reuters Screen LIBOR01 page as of 11:00 A.M., London time, two
Business Days prior to the beginning of such Interest Period. In the event that such rate does not
appear on Reuters Screen LIBOR01 page (or otherwise on such screen), the “Eurodollar Base Rate”
shall be determined by reference to such other comparable publicly available service for displaying
eurodollar rates as may be reasonably selected by the Administrative Agent or, in the absence of
such availability, by reference to the rate at which the

 

12

Administrative Agent is offered Dollar deposits at or about 11:00 A.M., New York City time,
two Business Days prior to the beginning of such Interest Period in the interbank eurodollar market
where its eurodollar and foreign currency and exchange operations are then being conducted for
delivery on the first day of such Interest Period for the number of days comprised therein.

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

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

	 	 	 
	Eurodollar Base Rate
 

1.00 — Eurocurrency Reserve Requirements

	 	  

; provided, however, notwithstanding the foregoing, the Eurodollar Rate for the
Term Facility shall be the greater of (x) such rate determined pursuant to the foregoing formula
and (y) 2.00% per annum.

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

          “Event of Default”: any of the events specified in Section 8.1, provided that
any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

          “Excess Cash Flow”: for any fiscal year of the Borrower (or shorter period beginning
on the first anniversary of the Closing Date through the end of such fiscal year), the excess, if
any, of (a) the sum, without duplication, of (i) Consolidated Net Income for such fiscal year (or
period), (ii) the amount of all non-cash charges (including depreciation and amortization) deducted
in arriving at such Consolidated Net Income, (iii) decreases in Consolidated Working Capital for
such fiscal year (or period), and (iv) the aggregate net amount of non cash loss on the Disposition
of property by the Borrower and its Subsidiaries during such fiscal year (or period) (other than
sales of inventory in the ordinary course of business), to the extent deducted in arriving at such
Consolidated Net Income over (b) the sum, without duplication, of (i) the amount of all
non-cash credits included in arriving at such Consolidated Net Income, (ii) the aggregate amount
actually paid by the Borrower and its Subsidiaries in cash during such fiscal year (or period) on
account of Capital Expenditures (excluding the principal amount of Indebtedness incurred in
connection with such expenditures and any such expenditures financed with the proceeds of any
Reinvestment Deferred Amount), (iii) the aggregate amount of all optional prepayments of the Loans
during such fiscal year (or period) (other than in respect of the Incremental Revolving Facility
and any other revolving credit facility to the extent there is not an equivalent permanent
reduction in commitments thereunder), (iv) the aggregate amount of all regularly scheduled
principal payments of Indebtedness (including the Term Loans) of the Borrower and its Subsidiaries
made in cash during such fiscal year (or period) (other than in respect of the Incremental
Revolving Facility and any other revolving credit facility to the extent there is not an equivalent
permanent reduction in commitments thereunder), (v) increases in Consolidated Working Capital for
such fiscal year (or period), (vi) the aggregate net amount of non-cash gain on the Disposition of
property by the Borrower and its Subsidiaries during such fiscal year (or period) (other than sales
of inventory in the ordinary course of business), (vii) minority interests in income and earnings
of Affiliates for which the Borrower has not received cash distributions thereof, and (viii) all
cash consideration paid with respect to Permitted Acquisitions (except to the extent funded with
the proceeds of Excluded Issuances or Indebtedness), including, without limitation, payments

 

13

in respect of “earnouts” and similar payment obligations and seller notes, to the extent
included in arriving at such Consolidated Net Income.

          “Excess Cash Flow Application Date”: as defined in Section 2.9(c).

          “Exchange Rate”: with respect to any non-Dollar currency on any date, the rate at
which such currency may be exchanged into Dollars, as set forth on such date on the relevant
Reuters currency page at or about 11:00 A.M., London time, on such date. In the event that such
rate does not appear on any Reuters currency page, the “Exchange Rate” with respect to such
non-Dollar currency shall be determined by reference to such other publicly available service for
displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrower or, in
the absence of such agreement, such “Exchange Rate” shall instead be the Administrative Agent’s
spot rate of exchange in the interbank market where its foreign currency exchange operations in
respect of such non-Dollar currency are then being conducted, at or about 10:00 A.M., local time,
on such date for the purchase of Dollars with such non-Dollar currency, for delivery two Business
Days later; provided, that if at the time of any such determination, no such spot rate can
reasonably be quoted, the Administrative Agent may use any reasonable method as it deems applicable
to determine such rate, and such determination shall be conclusive absent manifest error.

          “Excluded Issuance”: any Capital Stock of the Borrower issued (a) to directors,
employees or consultants of the Borrower or its Subsidiaries pursuant to compensation plans or
arrangements approved by the Board, (b) upon the conversion or exercise of any Capital Stock of the
Borrower outstanding on the date hereof or issued hereafter as part of an Excluded Issuance, (c) to
a Group Member in accordance with Section 7.7, (d) to fund Capital Expenditures permitted under
Section 7.1(c) and (e) to fund the payment of any consideration for a Permitted Acquisition in
accordance with Section 7.7.

          “Excluded Property”: (i) property owned by any Excluded Subsidiary or Foreign
Subsidiary; (ii) receivables and customary related rights and assets subject to a Receivables
Financing Transaction; (iii) any property to the extent that a grant of a security interest in such
property pursuant to the Security Documents is prohibited by any Requirements of Law of a
Governmental Authority, requires a consent not obtained of any Governmental Authority pursuant to
such Requirement of Law or is prohibited by, or constitutes a breach or default under or results in
the termination of or requires any consent not obtained under, any contract, license, agreement,
instrument or other document evidencing or giving rise to such property or, in the case of any
Investment, Pledged Stock or Pledged Note (as such terms are defined in the Security Documents),
any applicable shareholder or similar agreement, except to the extent that such Requirement of Law
or the term in such contract, license, agreement, instrument or other document or shareholder or
similar agreement providing for such prohibition, breach, default or termination or requiring such
consent is ineffective under applicable law; (iv) Vehicles (as defined in the Guarantee and
Collateral Agreement) and title documents therefor; (v) any Capital Stock held by a Loan Party in
(A) a joint venture, so long as (x) not more than 50% of the aggregate Capital Stock of such joint
venture is held by the Loan Parties in the aggregate and (y) such Capital Stock is not subject to a
Lien in favor of any other Person and (B) any direct holding company of one or more joint ventures
under clause (A) of this clause (v), provided that such holding company does not engage in
any business or own any assets other than owning the Capital Stock of such joint ventures; (vi) any
property with respect to which the Administrative Agent determines that the cost or burden of
subjecting such property to a Lien under the Security Documents is disproportionate to the value of
the collateral security afforded thereby; (vii) real property owned by the Loan Parties having a
fair market value estimated in good faith by the Borrower of less than $5,000,000, provided
that the aggregate fair market value of all such owned real property located in the U.S. (as
estimated in good faith by the Borrower) that is Excluded Property shall not exceed $25,000,000 as
of the Closing Date and $25,000,000 as of the date the financial statements are

 

14

delivered for the end of any fiscal year of the Borrower; (viii) interests in real property
leased, subleased or licensed to any of the Loan Parties; and (ix) thirty-five percent (35%) of the
total outstanding voting Capital Stock of each new and existing Foreign Subsidiary.

          “Excluded Subsidiary”: each Subsidiary of a Foreign Subsidiary and, with respect to
any requirement to enter into any Security Document, any Special Purpose Subsidiary.

          “Existing Credit Agreement”: as defined in the recitals hereto.

          “Facility”: each of the Term Facility and the Incremental Revolving Facility.

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

          “Fee Payment Date”: (a) the third Business Day following the last day of each March,
June, September and December and (b) the last day of the Revolving Commitment Period.

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

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

          “Funding Office”: the office of the Administrative Agent specified in Section 10.2 or
such other office as may be specified from time to time by the Administrative Agent as its funding
office by written notice to the Borrower and the Lenders.

          “GAAP”: generally accepted accounting principles in the United States as in effect
from time to time, except that for purposes of Section 7.1, GAAP shall be determined on the basis
of such principles in effect on the date hereof and consistent with those used in the preparation
of the most recent audited financial statements delivered pursuant to Section 6.1(a) of the DIP
Credit Agreement.

          “Governmental Authority”: any nation or government, any state or other political
subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank
or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative
functions of or pertaining to government, any securities exchange and any self-regulatory
organization (including the National Association of Insurance Commissioners).

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

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

 

15

          “Guarantee Obligation”: as to any Person (the “guaranteeing person”), any
obligation, including a reimbursement, counterindemnity or similar obligation, of the guaranteeing
Person that guarantees or in effect guarantees, or which is given to induce the creation of a
separate obligation by another Person (including any bank under any letter of credit) that
guarantees or in effect guarantees, any Indebtedness, leases, dividends or other obligations (the
“primary obligations”) of any other third Person (the “primary obligor”) in any
manner, whether directly or indirectly, including any obligation of the guaranteeing person,
whether or not contingent, (i) to purchase any such primary obligation or any property constituting
direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or
payment of any such primary obligation or (2) to maintain working capital or equity capital of the
primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to
purchase property, securities or services primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor to make payment of such primary
obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation
against loss in respect thereof; provided, however, that the term Guarantee Obligation shall not
include endorsements of instruments for deposit or collection in the ordinary course of business.
The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower
of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of
which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing
person may be liable pursuant to the terms of the instrument embodying such Guarantee Obligation,
unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall
be such guaranteeing person’s maximum reasonably anticipated liability in respect thereof as
determined by the Borrower in good faith.

          “Guarantor”: each Domestic Subsidiary of the Borrower other than (a) Excluded
Subsidiaries, (b) Immaterial Subsidiaries (provided that all Immaterial Subsidiaries excluded under
this clause (b) and Section 6.9(c)(B) shall not at any time contribute in the aggregate more than
5% of Consolidated Assets or more than 5% of Consolidated Revenues), (c) joint ventures in which
not more than 85% of the aggregate Capital Stock of such joint venture is held by the Loan Parties
in the aggregate and (d) any direct holding company of one or more joint ventures under clause (c)
hereof, provided that such holding company does not engage in any business or own any assets other
than owning the Capital Stock of such joint ventures.

          “Immaterial Subsidiary”: at any time, any Subsidiary of the Borrower which, based on
the financial statements most recently delivered pursuant to Section 6.1(a) or (b), constituted
less than 1% of Consolidated Assets or, for the twelve month period ended on the date of such
financial statements, represented less than 1% of Consolidated Revenues, in each case determined
using the equity method of accounting in accordance with GAAP.

          “Incremental Amendment”: as defined in Section 2.20.

          “Incremental Facility”: as defined in Section 2.20.

          “Incremental Facility Closing Date”: as defined in Section 2.20.

          “Incremental Revolving Facility”: as defined in the recitals hereto.

          “Incremental Revolving Lender”: as defined in the recitals hereto.

          “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness
of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase
price of property or services, which would, in accordance with GAAP be shown on the liability side
of the balance

 

16

sheet, (c) all obligations of such Person evidenced by notes, bonds, debentures or other
similar instruments, (d) all indebtedness created or arising under any conditional sale or other
title retention agreement with respect to property acquired by such Person (even though the rights
and remedies of the seller or lender under such agreement in the event of default are limited to
repossession or sale of such property), (e) all Capital Lease Obligations of such Person, (f) all
obligations of such Person, contingent or otherwise, as an account party or applicant under or in
respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) all Guarantee
Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through
(f) above, (h) all obligations of the kind referred to in clauses (a) through (g) above secured by
(or for which the holder of such obligation has an existing right, contingent or otherwise, to be
secured by) any Lien on property (including accounts and contract rights) owned by such Person,
whether or not such Person has assumed or become liable for the payment of such obligation,
provided, if such Person has not assumed or become liable for such obligation, the amount of such
Indebtedness shall be deemed to be the lesser of the fair market value of such property or the
obligation being secured thereby and (i) for the purposes of Section 8.1(e) only, all obligations
of such Person in respect of Swap Agreements, but excluding (i) trade and other accounts payables
incurred in the ordinary course of such Person’s business, (ii) accrued expenses and deferred
compensation arrangements in the ordinary course, and (iii) advance payments in the ordinary
course. The Indebtedness of any Person shall include the Indebtedness of any other entity
(including any partnership in which such Person is a general partner) to the extent such Person is
liable therefor as a result of such Person’s ownership interest in or other relationship with such
entity, except to the extent the terms of such Indebtedness expressly provide that such Person is
not liable therefor.

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

          “Insolvent”: pertaining to a condition of Insolvency.

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

          “Intercompany Subordinated Note”: a promissory note, substantially in the form of
Exhibit A or otherwise in form and substance reasonably acceptable to the Administrative Agent.

          “Intercreditor Agreement”: the Intercreditor Agreement to be executed and delivered
by the Administrative Agent, the Collateral Agent, the agent or trustee for the Second Lien Term
Loans and the Loan Parties, substantially in the form of Exhibit E, as amended, modified and
supplemented from time to time.

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

          “Interest Payment Date”: (a) as to any Eurodollar Loan, the last day of each Interest
Period applicable to such Loan and the Maturity Date or Revolving Termination Date, as applicable,
provided that if any Interest Period for a Eurodollar Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates; (b) as to any ABR Loan, the last day of each calendar quarter and
the Maturity Date or Revolving Termination Date, as applicable, (c) as to any Loan (other than a
Revolving Loan that is an ABR Loan),

 

17

the date of any repayment or prepayment made in respect thereof, and (d) as to any ABR Loan if
an Event of Default is in existence, the last day of each calendar month.

          “Interest Period”: as to any Eurodollar Loan, (a) initially, the period commencing on
the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and
ending one, two, three or six months (or, with respect to Revolving Loans, if available to all
Revolving Lenders, one or two weeks) thereafter, as selected by the Borrower in its notice of
borrowing or notice of conversion, as the case may be, given with respect thereto; and (b)
thereafter, each period commencing on the last day of the next preceding Interest Period applicable
to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the
Borrower by irrevocable notice to the Administrative Agent not later than 11:00 A.M., New York City
time, on the date that is three Business Days prior to the last day of the then current Interest
Period with respect thereto; provided that, all of the foregoing provisions relating to
Interest Periods are subject to the following:

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

          (ii) the Borrower may not select an Interest Period under a particular Facility that
would extend beyond the Maturity Date or Revolving Termination Date, as the case may be; and

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

          “Investments”: an advance, loan, extension of credit (by way of guaranty or
otherwise, but excluding trade debt incurred in the ordinary course of business) or capital
contribution to, or purchase any Capital Stock, bonds, notes, loans, debentures or other debt
securities of, or any assets constituting a business unit of, or any other similar investment in,
any Person. The amount of any Investment by any Person on any date of determination shall be the
acquisition price of the gross assets acquired (including any liability assumed by such Person to
the extent such liability would be reflected on a balance sheet prepared in accordance with GAAP)
plus all additional capital contributions or purchase price paid in respect thereof,
without any adjustments for increases or decreases in value, or write-ups, write-downs or
write-offs with respect to such Investment minus the amount of all cash returns of
principal or capital thereon, cash dividends thereon and other cash returns on investment thereon
or liabilities expressly assumed by another Person (other than a Group Member) in connection with
the sale of such Investment. Whenever the term “outstanding” is used in this Agreement with
reference to an Investment, it shall take into account the matters referred to in the preceding
sentence.

          “Issuing Lender”: JPMorgan Chase Bank, N.A. and any other Revolving Lender approved
by the Administrative Agent and the Borrower that has agreed in its sole discretion to act as an
“Issuing Lender” hereunder, or any of their respective affiliates, in each case in its capacity as
issuer of any Letter of Credit. Each reference herein to “the Issuing Lender” shall be deemed to
be a reference to the relevant Issuing Lender.

          “LC Basket Limit”: $225,000,000 less the aggregate amount of the Incremental
Revolving Facility and any Incremental Facility added to this Agreement pursuant to Section 2.20
that is a revolving facility to the extent such Incremental Revolving Facility or Incremental
Facility may be used for letters of credit.

 

18

          “L/C Commitment”: $90,000,000.

          “L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate then
undrawn and unexpired amount of the then outstanding Letters of Credit and (b) the aggregate amount
of drawings under Letters of Credit that have not then been reimbursed pursuant to Section 3.5.

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

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

          “Letters of Credit”: as defined in Section 3.1(a).

          “Lien”: any mortgage, pledge, hypothecation, deposit arrangement, encumbrance, lien
(statutory or other), charge or other security interest or any priority or other security agreement
of any kind or nature whatsoever (including any conditional sale or other title retention agreement
and any capital lease having substantially the same economic effect as any of the foregoing).

          “Liquidity”: on any date of determination, the sum, without duplication, of (i) the
cash and Cash Equivalents which are not subject to any Liens (other than (a) Liens in favor of the
Collateral Agent on behalf of the Secured Parties, (b) Liens permitted by Section 7.3(c)(ii) and
(c) inchoate Liens arising by operating of law which are not the subject of enforcement actions)
held by the Borrower and its Subsidiaries on such date, (ii) accounts receivable and inventory (in
each case valued in accordance with GAAP) which are not subject to any Liens (other than (a) Liens
in favor of the Collateral Agent on behalf of the Secured Parties and (b) inchoate Liens arising by
operation of law which are not the subject of enforcement actions) held by the Borrower and its
Subsidiaries on such date, less trade payables of the Borrower and its Subsidiaries on such date
and (iii) the aggregate availability under any loan agreements or other lines of credit of the
Borrower and its Subsidiaries on such date.

          “Loan Documents”: this Agreement, the Security Documents, the Intercreditor
Agreement, the Notes and any amendment, waiver, supplement or other modification to any of the
foregoing.

          “Loan Parties”: the Borrower and the Guarantors.

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

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

          “Material Adverse Effect”: a material adverse effect on (a) the business, property,
operations or financial condition of the Borrower and its Subsidiaries, taken as a whole or (b) the
validity or enforceability of this Agreement or any of the other Loan Documents or the rights or
remedies of the Administrative Agent, the Collateral Agent or the Lenders hereunder or thereunder.

          “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or
wastes,

 

19

defined or regulated as such in or under any Environmental Law, including asbestos,
polychlorinated biphenyls and urea-formaldehyde insulation.

          “Maturity Date”: with respect to any Term Loan, the fifth anniversary of the Closing
Date (the “Scheduled Maturity Date”); provided that if the Second Lien Term Loans have a
scheduled final maturity date prior to the Scheduled Maturity Date and remain outstanding on the
date that is three months prior to such scheduled final maturity date (the “Accelerated
Maturity Date”), the Maturity Date shall be the Accelerated Maturity Date.

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

          “Mortgaged Property”: as defined in Section 4.20(b).

          “Mortgages”: collectively, any deeds of trust, trust deeds, hypothecs and mortgages
creating and evidencing a Lien on any real property made by the Loan Parties in favor of or for the
benefit of the Collateral Agent on behalf of the Secured Parties in form and substance reasonably
satisfactory to the Administrative Agent, in each case securing the Obligations.

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

          “Net Cash Proceeds”: (a) in connection with any Asset Sale or any Recovery Event, the
proceeds thereof in the form of cash and Cash Equivalents (including any such proceeds received by
way of deferred payment of principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise, but only as and when received), net of (i) attorneys’ fees,
accountants’ fees, investment banking fees, amounts required to be applied to the repayment of
Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the subject of
such Asset Sale or Recovery Event (other than any Lien created pursuant to a Security Document) and
other third-party fees and expenses actually incurred in connection therewith and (ii) Taxes and
Other Taxes paid or reasonably estimated to be payable as a result of any Asset Sale or Recovery
Event (after taking into account any available tax credits or deductions and any tax sharing
arrangements), (b) in connection with any issuance or sale of Capital Stock or any incurrence of
Indebtedness, the cash proceeds received from such issuance or incurrence, net of attorneys’ fees,
investment banking fees, accountants’ fees, underwriting discounts and commissions and other
customary fees and expenses actually incurred in connection therewith, and (c) in connection with
any Receivable Financing Transaction, the initial cash purchase price received by, or Indebtedness
incurred by, any Loan Party thereunder (and any increase in the aggregate funded amount thereof)
net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and
commissions and other customary fees and expenses actually incurred in connection therewith.

          “Non-Excluded Taxes”: as defined in Section 2.17(a).

          “Non-U.S. Lender”: as defined in Section 2.17(d).

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

          “Obligations”: the unpaid principal of and interest on (including interest accruing
after (i) any Reimbursement Obligations or Revolving Loans become due and payable or (ii) the
maturity of the Term Loans, and interest accruing after the filing of any petition in bankruptcy,
or the commencement of any insolvency, reorganization or like proceeding relating to a Loan Party,
whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the
Loans and all other obligations and liabilities of the Borrower and each Guarantor (or, in the case
of Specified Letters of Credit, each Group

 

20

Member on whose account such Specified Letter of Credit is issued and guarantee obligations of
other Group Members in respect thereof) to the Administrative Agent or to any Lender (or, in the
case of Specified Letters of Credit, Specified Swap Agreements and Specified Cash Management
Agreements, any affiliate of any Lender), whether direct or indirect, absolute or contingent, due
or to become due, or now existing or hereafter incurred, which may arise under, out of, or in
connection with, this Agreement, any other Loan Document, any Specified Letter of Credit (and
related letter of credit applications), any Specified Swap Agreement, any Letter of Credit (and
related letter of credit applications), any Specified Cash Management Agreement or any other
document made, delivered or given in connection herewith or therewith, whether on account of
principal, interest, reimbursement obligations, Guarantee Obligations, fees, indemnities, costs,
expenses (including all reasonable fees, charges and disbursements of counsel to the Administrative
Agent or to any Lender that are required to be paid by the Borrower pursuant hereto) or otherwise.

          “Other Taxes”: any and all present or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies arising from any payment made hereunder or from
the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any
other Loan Document, including any interest, additions to tax or penalties applicable thereto,
whether disputed or not.

          “Outstanding Term Loan Amount”: with respect to the Term Loans at any time, the
aggregate principal amount thereof, after giving effect to any borrowings and prepayments or
repayments of Term Loans occurring on such date.

          “Outstanding Term Loan Percentage”: as to any Term Lender at any time, the percentage
which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, (i)
from the Closing Date to the Delayed Draw Funding Date, if any, the percentage, expressed as a
fraction, the numerator of which is the sum of the amount of such Lender’s Closing Date Loan and
the amount of its Delayed Draw Commitment, the denominator of which is the sum of the amount of
aggregate amount of Closing Date Loans then outstanding and the amount of aggregate Delayed Draw
Commitments and (ii) from the earlier of the Delayed Draw Funding Date, if any, or the expiration
or termination of the Delayed Draw Availability Period, the percentage which is the aggregate
principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate
principal amount of the Term Loans then outstanding.)

          “Participant”: as defined in Section 10.6(c).

          “Participation Register”: as defined in Section 10.6(c).

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

          “Permitted Acquisition”: any Acquisition by (i) the Borrower or any of its
Subsidiaries of all or substantially all of the assets of a Person, or of all or substantially all
of any business or division of a Person or (ii) the Borrower or any of its Subsidiaries of no less
than 100% of the capital stock, partnership interests, membership interests or equity of any
Person, in each case to the extent that:

          (a) each of the conditions precedent set forth in Annex III shall have been
satisfied in a manner reasonably satisfactory to the Administrative Agent;

          (b) such Acquisition shall not be hostile and shall have been approved by the board of
directors (or other similar body) and/or the stockholders or other equityholders of the
Target; and

 

21

          (c) no Default or Event of Default is in existence or would occur after giving effect
to such Acquisition.

          “Permitted Refinancing Indebtedness”: as defined in Section 7.2(s).

          “Permitted Second Lien Indebtedness”: (a) Indebtedness of the Borrower in respect of
the Second Lien Credit Agreement and (b) any other Indebtedness of the Borrower, provided that (i)
such other Indebtedness and any related Guarantee Obligations shall not be secured by any Lien by
which the Indebtedness in respect of the Second Lien Credit Agreement is not secured and any such
Liens shall be subordinated to the Liens securing the Facility in a manner not less favorable to
the Lenders than the subordination of the Liens securing the Indebtedness in respect of the Second
Lien Credit Agreement to the Liens securing the Facilities, (ii) the Net Cash Proceeds resulting
from such other Indebtedness shall be used to refinance the Indebtedness in respect of the Second
Lien Credit Agreement, (iii) such other Indebtedness shall not have any principal payments due
prior to the date that is 91 days after the Maturity Date or, if later, the final maturity date of
any Incremental Facility, whether at maturity or otherwise, except upon the occurrence of a change
of control or similar event (including asset sales), in each case so long as the provisions
relating to change of control or similar events (including asset sales) included in the governing
instrument of such Indebtedness provide that the provisions of this Agreement must be satisfied
prior to the satisfaction of such provisions of such Indebtedness, (iv) if any covenants, events of
default, guarantees or other terms of such other Indebtedness (other than interest rate, prepayment
premiums, fees and other pricing terms) are more restrictive to the Borrower and its Subsidiaries
than those of the Facilities, such covenant, event of default, guarantee or other term as set forth
from time to time on the documentation governing such other Indebtedness shall be deemed to be
incorporated in this Agreement for the benefit of the Lenders (and the Borrower agrees to notify
the Administrative Agent of the effectiveness, or amendment from time to time, of the terms of any
documentation governing such other Indebtedness and to provide a copy of such documentation), (v)
no Subsidiary of the Borrower that is not a Guarantor of the Facilities is an obligor in respect of
such other Indebtedness and (vi) such other Indebtedness bears interest at a rate, which rate shall
be, in the good faith judgment of the Borrower’s board of directors, consistent with the market at
the time of issuance for similar Indebtedness for comparable issuers or borrowers.

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

          “Petition Date”: as defined in the recitals hereto.

          “Plan”: at a particular time, any employee pension benefit plan (as defined in
Section 3(2) of ERISA) in respect of which a Loan Party or any ERISA Affiliate is (or, if such plan
were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” as
defined in Section 3(5) of ERISA.

          “Plan of Reorganization” as defined in the recitals hereto.

          “Prime Rate”: the rate of interest per annum publicly announced from time to time by
JPMorgan Chase Bank, N.A. as its prime rate in effect at its principal office in New York City (the
Prime Rate not being intended to be the lowest rate of interest charged by JPMorgan Chase Bank,
N.A. in connection with extensions of credit to debtors).

          “Prohibited Transaction”: as defined in Section 406 of ERISA or Section 4975 of the
Code.

 

22

          “Pro Forma Balance Sheet”: as defined in Section 4.18.

          “Projections”: as defined in Section 6.2(c).

          “Properties”: as defined in Section 4.16(a).

          “Receivable Financing Transaction”: any transaction or series of transactions
involving a sale for cash of accounts receivable, without recourse based upon the collectibility of
the receivables sold, by the Borrower or any of its Subsidiaries to a Special Purpose Subsidiary
and a subsequent sale or pledge of such accounts receivable (or an interest therein) by such
Special Purpose Subsidiary, in each case without any guarantee by the Borrower or any of its
Subsidiaries (other than the Special Purpose Subsidiary).

          “Recovery Event”: any settlement of or payment in respect of any property or casualty
insurance claim or any condemnation proceeding relating to any asset of any Group Member in an
amount in excess of $2,500,000.

          “Refinanced Term Loans”: as defined in Section 10.1(d).

          “Register”: as defined in Section 10.6(b).

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

          “Reimbursement Obligation”: the obligation of the Borrower to reimburse the Issuing
Lender pursuant to Section 3.5 for amounts drawn under Letters of Credit.

          “Reinvestment Deferred Amount”: with respect to any Reinvestment Event, the aggregate
Net Cash Proceeds received by any Group Member in connection therewith that are not applied to
prepay the Loans pursuant to Section 2.9(b) as a result of the delivery of a Reinvestment Notice.

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

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

          “Reinvestment Prepayment Amount”: with respect to any Reinvestment Event, the
Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant
Reinvestment Prepayment Date to acquire or repair assets useful in the businesses of the Borrower
and its Subsidiaries.

          “Reinvestment Prepayment Date”: with respect to any Reinvestment Event, the earlier
of (a) the date occurring 360 days after such Reinvestment Event (provided that if on such 360th
day, the applicable Reinvestment Prepayment Amount is contractually committed to acquire or repair
assets useful in the businesses of the Borrower and its Subsidiaries, the Reinvestment Prepayment
Date with respect to such amount shall be the earlier of (i) the date occurring 450 days after such
Reinvestment Event, (ii) the date of termination of such commitment, and (iii) if such amount is
not so expended, the first Business Day following the date such amount was contractually committed
to be expended) and (b) the date on which the Borrower shall have determined not to, or shall have
otherwise ceased to, acquire or repair

 

23

assets useful in the businesses of the Borrower and its Subsidiaries with all or any portion
of the relevant Reinvestment Deferred Amount.

          “Related Parties”: as defined in Section 9.3.

          “Replacement Revolving Facility”: as defined in Section 10.1(d).

          “Replacement Term Loans”: as defined in Section 10.1(d).

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

          “Reorganized Lear Corporation”: Lear Corporation, as reorganized pursuant to and
under the Plan of Reorganization.

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

          “Required Lenders”: at any time, Lenders holding more than 50% of (a) until the
Closing Date, the Commitments then in effect, (b) after the Closing Date and until the Delayed Draw
Funding Date or termination of the Delayed Draw Commitments, the aggregate of the Outstanding Term
Loan Amount and Delayed Draw Commitments then in effect, (c) after the Delayed Draw Funding Date
and until the Restatement Date, the Outstanding Term Loan Amount and (d) thereafter, the sum of (i)
the Outstanding Term Loan Amount and (ii) the Total Revolving Commitments then in effect or, if the
Revolving Commitments have been terminated, the Total Revolving Extensions of Credit then
outstanding; provided that the portion of the Outstanding Term Loan Amount and Commitments held or
deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of
Required Lenders.

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

          “Responsible Officer”: with respect to any Loan Party, the chief executive officer,
the president, the chief financial officer, any vice president, the treasurer or the assistant
treasurer of such Loan Party.

          “Restatement Date”: the date on which all of the conditions precedent set forth in
Section 5.3 shall have been satisfied or waived, which date is March 19, 2010.

          “Restricted Payments”: as defined in Section 7.6.

          “Revolving Commitment”: as to any Lender, the obligation of such Lender, if any, to
make Revolving Loans and participate in Letters of Credit in an aggregate principal and/or face
amount not to exceed the amount set forth under the heading “Revolving Commitment” opposite such
Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such Lender
became a party hereto, as the same may be changed from time to time pursuant to the terms hereof.
The original amount of the Total Revolving Commitments on the Restatement Date is $110,000,000.

 

24

          “Revolving Commitment Period”: the period from and including the Restatement Date to
the Revolving Termination Date.

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

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

          “Revolving Loans”: as defined in Section 2.1(b).

          “Revolving Percentage”: as to any Revolving Lender at any time, the percentage which
such Lender’s Revolving Commitment then constitutes of the Total Revolving Commitments or, at any
time after the Revolving Commitments shall have expired or terminated, the percentage which the
aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the
aggregate principal amount of the Revolving Loans then outstanding, provided, that, in the
event that the Revolving Loans are paid in full prior to the reduction to zero of the Total
Revolving Extensions of Credit, the Revolving Percentages shall be determined in a manner designed
to ensure that the other outstanding Revolving Extensions of Credit shall be held by the Revolving
Lenders on a comparable basis.

          “Revolving Termination Date”: March 18, 2013.

          “S&P”: Standard & Poor’s Ratings Services.

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

          “Second Lien Agent”: JPMorgan Chase Bank, N.A., as the administrative agent for the
lenders under the Second Lien Credit Agreement, together with any of its successors.

          “Second Lien Credit Agreement”: the Second Lien Credit Agreement to be executed on or
about the Effective Date, among Reorganized Lear Corporation, the several lenders from time to time
parties thereto and the Second Lien Agent, as amended, supplemented, restated or otherwise modified
from time to time to the extent permitted by Section 7.15.

          “Second Lien Term Loans”: the term loans outstanding under the Second Lien Credit
Agreement.

          “Second Lien Term Loan Documents”: the “Loan Documents” as defined in the Second Lien
Credit Agreement.

          “Secured Parties”: collectively, the Administrative Agent, the Lenders, each Issuing
Lender, each provider under a Specified Cash Management Agreement, each issuer of a Specified
Letter of Credit, each counterparty to a Specified Swap Agreement, the Persons entitled to
indemnification under the Loan Documents and each co-agent or sub-agent appointed by the
Administrative Agent from time to time pursuant to Section 9.2.

          “Security Documents”: the collective reference to the Guarantee and Collateral
Agreement, the Mortgages and all other security documents hereafter delivered to the Administrative

 

25

Agent and the Collateral Agent granting a Lien on any property of any Person to secure
the obligations and liabilities of any Loan Party under any Loan Document.

          “Seller Debt”: unsecured debt owing to the seller in a Permitted Acquisition.

          “Series A Preferred Stock”: as defined in the Plan of Reorganization.

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

          “Solvent”: when used with respect to any Person, means that, as of any date of
determination, (a) the amount of the “present fair saleable value” of the assets of such Person
will, as of such date, exceed the amount of all “liabilities of such Person, contingent or
otherwise”, as of such date, as such quoted terms are determined in accordance with applicable
federal and state laws governing determinations of the insolvency of debtors, (b) the present fair
saleable value of the assets of such Person will, as of such date, be greater than the amount that
will be required to pay the liability of such Person on its debts as such debts become absolute and
matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital
with which to conduct its business, and (d) such Person will be able to pay its debts as they
mature. For purposes of this definition, (i) “debt” means liability on a “claim”, and (ii) “claim”
means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated,
unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable,
secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach
gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to
judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.

          “Special Purpose Subsidiary”: any Wholly Owned Subsidiary of the Borrower created by
the Borrower for the sole purpose of facilitating a Receivable Financing Transaction; provided,
that such Special Purpose Subsidiary shall cease to be a Special Purpose Subsidiary if at any time
(a) such Special Purpose Subsidiary engages in any business other than Receivable Financing
Transactions and activities directly related thereto or (b) the Borrower or any of its Subsidiaries
(other than a Special Purpose Subsidiary) or any of their respective assets incur any liability,
direct or indirect, contingent or otherwise, in respect of any obligation of a Special Purpose
Subsidiary whether arising under or in connection with any Receivable Financing Transaction or
otherwise (other than Standard Securitization Undertakings); provided further, however, that if the
law of a jurisdiction in which the Borrower proposes to create a Special Purpose Subsidiary does
not provide for the creation of a bankruptcy remote entity that is acceptable to the Borrower or
requires the formation of one or more additional entities (whether or not Subsidiaries of the
Borrower), such other type of entity may, upon the request of the Borrower and with the consent of
the Administrative Agent (such consent not to be unreasonably withheld) serve as a “Special Purpose
Subsidiary.”

          “Specified Cash Management Agreement”: any agreement providing for treasury,
depositary or cash management services, including in connection with any automated clearing house
transactions, controlled disbursements, return items, overdrafts, interstate depository network
services or any similar transactions between the Borrower or any Guarantor (or guaranteed by the
Borrower or any Guarantor) and any Lender (or any affiliate thereof) at the time such obligations
were created or any institution that was (or whose affiliate was) a Lender in the primary
syndication of the Term Facility.

          “Specified Jurisdiction”: any country, state or other jurisdictional subdivision
outside North America or Europe.

 

26

          “Specified Letters of Credit”: any letter of credit (a) issued for the account of any
Group Member by any Lender at the time such agreement is entered into or any affiliate thereof at
the time such letter of credit is issued and (b) that has been designated by the relevant Lender
and such Group Member, by written notice to the Administrative Agent prior to the issuance thereof,
as a Specified Letter of Credit and with respect to which the Administrative Agent has confirmed to
the relevant Lender sufficient availability pursuant to Section 7.2(i). Such designation shall not
create in favor of such Lender or affiliate of a Lender any rights in connection with the
management or release of any Collateral or of the obligations of any Loan Party hereunder or under
any Collateral Document.

          “Specified Swap Agreement”: any Swap Agreement (a) entered into by the Borrower or
any Guarantor and any Person that is a Lender or an affiliate of a Lender at the time such Swap
Agreement is entered into and (b) that has been designated by the relevant Lender and such Group
Member, by written notice to the Administrative Agent prior to the effectiveness thereof, as a
Specified Swap Agreement. Such designation shall not create in favor of such Lender or affiliate
of a Lender any rights in connection with the management or release of any Collateral or of the
obligations of any Loan Party hereunder or under any Collateral Document. For purposes hereof a
Specified Swap Agreement shall include any trade executed pursuant to a master agreement which is a
Specified Swap Agreement.

          “Standard Securitization Undertakings”: representations, warranties, covenants and
indemnities entered into by the Borrower or any Subsidiary thereof in connection with a Receivable
Financing Transaction which are reasonably customary in an accounts receivable financing
transaction.

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

          “Swap Agreement”: any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions.

          “Target”: the Person, or business or substantially all of the assets of a Person or a
division of a Person intended to be acquired in a Permitted Acquisition.

          “Taxes”: all present or future taxes, duties, levies, imposts, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental Authority, including
any interest, additions to tax or penalties applicable thereto, whether disputed or not.

          “Term Commitment”: as to any Lender, the sum of the Closing Date Commitment and the
Delayed Draw Commitment of such Lender.

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

          “Term Loans”: as defined in Section 2.1(a).

 

27

          “Total Revolving Commitments”: at any time, the aggregate amount of the Revolving
Commitments then in effect.

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

          “Term Facility”: the term loan facility made available to the Borrower pursuant to
this Agreement.

          “3% Subsidiary”: at any time, any Subsidiary of the Borrower which, based on the
financial statements most recently delivered pursuant to subsection 6.1(a) or (b), constituted at
least 3% of Consolidated Assets or for the twelve month period ended on the date of such financial
statements represented at least 3% of Consolidated Revenues, in each case determined using the
equity method of accounting in accordance with GAAP.

          “Ticking Fee”: as defined in Section 2.6(a).

          “Title Insurance Company”: as defined in Section 5(t)(ii).

          “Transferee”: any Assignee or Participant.

          “Type”: as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

          “UCC”: the Uniform Commercial Code, as in effect from time to time in the State of
New York or any other applicable jurisdiction.

          “Upfront Fees”: as defined in Section 2.6(b).

          “United States”: the United States of America.

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

          “Withdrawal Liability”: liability to a Multiemployer Plan as a result of a complete
or partial withdrawal from such Multiemployer Plan, as such terms are defined in Title IV of ERISA.

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

          (b) As used herein and in the other Loan Documents, and any certificate or other document made
or delivered pursuant hereto or thereto, (i) accounting terms relating to any Group Member not
defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not
defined, shall have the respective meanings given to them under GAAP, as in effect from time to
time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests
an amendment to any provision hereof to eliminate the effect of any change occurring after the date
hereof in GAAP or in the application thereof on the operation of such provision (or if the
Administrative Agent notifies the Borrower 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

 

28

immediately before such change shall have become effective until such notice shall have been
withdrawn by the Borrower or the Administrative Agent, as the case may be, or such provision
amended in accordance herewith, (ii) the words “include”, “includes” and “including” shall be
deemed to be followed by the phrase “without limitation”, (iii) the word “incur” shall be construed
to mean incur, create, issue, assume or become liable in respect of or suffer to exist (and the
words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, Capital Stock, securities, revenues,
accounts, leasehold interests and contract rights, and (v) references to agreements or other
Contractual Obligations shall, unless otherwise specified, be deemed to refer to such agreements or
Contractual Obligations as amended, supplemented, restated or otherwise modified from time to time.

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

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

          (e) When determining whether a Default or Event of Default pursuant to Section 7.1 shall be in
existence after giving pro forma effect to a certain event, the covenant levels to be used in
making such determination shall be those in effect as of the last day of the most recent fiscal
quarter of the Borrower for which financial reports are required to have been delivered pursuant to
Section 6.1.

SECTION 2. AMOUNT AND TERMS OF LOANS AND COMMITMENTS

          2.1. Loans and Commitments. (a) Subject to the terms and conditions set forth herein, each Term Lender listed on
Schedule 1.1A hereto made (a) term loans (the “Closing Date Loans”) on the Closing Date in
the full amount of such Lender’s Closing Date Commitment to the Borrower and (b) term loans (the
“Delayed Draw Loans”; together with the Closing Date Loans, the “Term Loans”) on
one occasion during the Delayed Draw Availability Period in an amount not exceeding such Lender’s
Delayed Draw Commitment to the Borrower. The aggregate principal amount of the Term Loans
outstanding on the Restatement Date is $375,000,000. The Term Loans may from time to time be
Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative
Agent in accordance with Section 2.10.

          (b) Subject to the terms and conditions set forth herein, each Revolving Lender severally
agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time
during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding
which, when added to such Lender’s Revolving Percentage of the L/C Obligations then outstanding,
does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment
Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans
in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The
Revolving Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the
Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10.

          2.2. Procedure for Revolving Loan Borrowing. The Borrower may borrow under the Revolving Commitments during the Revolving Commitment
Period on any Business Day, provided that the Borrower shall give the Administrative Agent
irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon,
New York City time, (a) three Business Days prior to the

 

29

requested Borrowing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to
the requested Borrowing Date, in the case of ABR Loans) (provided that any such notice of a
borrowing of ABR Loans under the Incremental Revolving Facility to finance payments required by
Section 3.5 may be given not later than 10:00 A.M., New York City time, on the date of the proposed
borrowing), specifying (i) the amount and Type of Revolving Loans to be borrowed, (ii) the
requested Borrowing Date and (iii) in the case of Eurodollar Loans, the respective amounts of each
such Type of Loan and the respective lengths of the initial Interest Period therefor. Each
borrowing under the Revolving Commitments shall be in an amount equal to (x) in the case of ABR
Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving
Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans,
$5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice
from the Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof.
Each Revolving Lender will make the amount of its pro rata share of each borrowing available to the
Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 Noon, New
York City time, on the Borrowing Date requested by the Borrower in funds immediately available to
the Administrative Agent. Such borrowing will then be made available to the Borrower by the
Administrative Agent crediting the account of the Borrower on the books of such office with the
aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in
like funds as received by the Administrative Agent.

          2.3.  [Reserved].

          2.4. Maturity and Repayment of Term Loans.

          (a) The Closing Date Loan of each Lender shall mature in nineteen consecutive quarterly
installments commencing on the last day of the first full calendar quarter following the Closing
Date, each of which shall be in an amount equal to the percentage set forth below opposite such
date multiplied by the amount of such Lender’s Closing Date Loan funded on the Closing Date (it
being understood that if the Maturity Date is the Accelerated Maturity Date, there shall be fewer
quarterly installments and the final installment shall be increased accordingly):

	 	 	 	 	 
	Payment Date	 	 	Percentage
	March 31, 2010

	 	 	0.25	%
	June 30, 2010

	 	 	0.25	%
	September 30, 2010

	 	 	0.25	%
	December 31, 2010

	 	 	0.25	%
	March 31, 2011

	 	 	0.25	%
	June 30, 2011

	 	 	0.25	%
	September 30, 2011

	 	 	0.25	%
	December 31, 2011

	 	 	0.25	%
	March 31, 2012

	 	 	0.25	%
	June 30, 2012

	 	 	0.25	%
	September 30, 2012

	 	 	0.25	%
	December 31, 2012

	 	 	0.25	%
	March 31, 2013

	 	 	0.25	%

 

30

	 	 	 	 	 
	Payment Date	 	 	Percentage
	June 30, 2013

	 	 	0.25	%
	September 30, 2013

	 	 	0.25	%
	December 31, 2013

	 	 	0.25	%
	March 31, 2014

	 	 	0.25	%
	June 30, 2014

	 	 	0.25	%
	September 30, 2014

	 	 	0.25	%
	Maturity Date

	 	 	95.25	%

 

			
	(b)	 	The Delayed Draw Loan of each Lender shall mature in nineteen consecutive quarterly
installments, commencing on the last day of the first full calendar quarter following the Delayed
Draw Funding Date, each of which shall be in an amount equal to the percentage set forth below
opposite such date multiplied by the amount of such Lender’s Delayed Draw Loan outstanding at the
end of the Delayed Draw Availability Period (it being understood that if the Maturity Date is the
Accelerated Maturity Date, there shall be fewer quarterly installments and the final installment
shall be increased accordingly):

	 	 	 	 	 
	Payment Date	 	 	Percentage
	March 31, 2010

	 	 	0.25	%
	June 30, 2010

	 	 	0.25	%
	September 30, 2010

	 	 	0.25	%
	December 31, 2010

	 	 	0.25	%
	March 31, 2011

	 	 	0.25	%
	June 30, 2011

	 	 	0.25	%
	September 30, 2011

	 	 	0.25	%
	December 31, 2011

	 	 	0.25	%
	March 31, 2012

	 	 	0.25	%
	June 30, 2012

	 	 	0.25	%
	September 30, 2012

	 	 	0.25	%
	December 31, 2012

	 	 	0.25	%
	March 31, 2013

	 	 	0.25	%
	June 30, 2013

	 	 	0.25	%
	September 30, 2013

	 	 	0.25	%
	December 31, 2013

	 	 	0.25	%
	March 31, 2014

	 	 	0.25	%
	June 30, 2014

	 	 	0.25	%
	September 30, 2014

	 	 	0.25	%
	Maturity Date

	 	 	95.25	%

 

31

          2.5. Repayment of Revolving Loans. The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

          2.6. Fees. (a) The Borrower agrees to pay to the Administrative Agent, for the account of each
Lender, a ticking fee (the “Ticking Fee”) in an amount equal to 0.75% per annum of the
Commitment of such Lender, from the effective date of this Agreement pursuant to Section 10.18
until the Closing Date, payable on the Closing Date.

          (b) The Borrower agrees to pay to the Administrative Agent, for the account of each Lender,
upfront fees (the “Upfront Fees”) (i) in an amount equal to 1.00% of the Closing Date
Commitment of such Lender, payable on the Closing Date and (ii) in an amount equal to 1.00% of the
Delayed Draw Commitment of such Lender that is funded on the Delayed Draw Funding Date, payable on
the Delayed Draw Funding Date.

          (c) The Borrower agrees to pay to the Administrative Agent, for the account of each Lender, a
commitment fee (the “Delayed Draw Commitment Fee”) in an amount equal to 2.00% per annum of
the Delayed Draw Commitments from the Closing Date until the earlier of the Delayed Draw Funding
Date or termination of the Delayed Draw Commitments, pursuant to Section 2.7, payable on the
Delayed Draw Funding Date or termination of the Delayed Draw Commitments, as applicable.

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

          (e) The Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the
dates as set forth in any fee agreements with the Administrative Agent and to perform any other
obligations contained therein.

          2.7. Termination or Reduction of Commitments. (a) Unless previously terminated, (i) the Closing Date Commitments shall terminate on the
earlier of (x) the funding of the Closing Date Loans on the Closing Date and (y) 5:00 p.m., New
York City time, on December 15, 2009 and (ii) the Delayed Draw Commitments shall terminate at 5:00
p.m., New York City time, on the date that is 35 days after the Closing Date (or, if the Closing
Date does not occur by 5:00 p.m., New York City time, on December 15, 2009, at such time).

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

          2.8. Optional Prepayments. (a) Subject to subsection (b) below, the Borrower may at any time and from time to time
prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice
delivered to the Administrative Agent no later than 1:00 P.M., New York City time, three Business
Days prior thereto, in the case of Eurodollar Loans, and one Business Day prior thereto, in the
case of ABR Loans (provided that ABR Loans may be prepaid on the same Business Day if notice is

 

32

received by the Administrative Agent no later than 12:00 P.M., New York City time), which
notice shall specify the date and amount of prepayment and Type of the Loans being prepaid, as
applicable; provided, that if a Eurodollar Loan is prepaid on any day other than the last day of
the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to
Section 2.18. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be
due and payable on the date specified therein, together with (except in the case of Revolving Loans
that are ABR Loans) accrued interest to such date on the amount prepaid. Partial prepayments of
Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in
excess thereof. Partial optional prepayments of the Loans shall be ratable as among the Lenders
thereof.

          (b) All voluntary prepayments of Term Loans effected on or prior to the first anniversary of
the Closing Date with the proceeds of a substantially concurrent issuance of loans under any
secured credit facilities (excluding a refinancing of the Facilities in connection with another
transaction not permitted by this Agreement (as determined prior to giving effect to any amendment
or waiver of this Agreement being adopted in connection with such transaction), provided that the
primary purpose of such transaction is not to refinance Indebtedness hereunder at an Applicable
Margin or similar interest rate spread more favorable to the Borrower), shall be accompanied by a
prepayment fee of 1.00% of the aggregate amount of such prepayments if the Applicable Margin or
similar interest rate spread applicable to such new loans is or, upon the satisfaction of certain
conditions, would be less than the Applicable Margin applicable to the Term Loans, as of the date
hereof. Such prepayment fee shall be paid by the Borrower to the Administrative Agent, for the
account of the Term Lenders, on the date of such prepayment.

          2.9. Mandatory Prepayments. (a) If any Capital Stock or Indebtedness shall be issued or incurred by any Group Member
(excluding any Excluded Issuance and any Indebtedness permitted by Section 7.2(a) through (s)) an
amount equal to the Equity Sweep Percentage of such Net Cash Proceeds in the case of Capital Stock
and 100% of the Net Cash Proceeds in the case of Indebtedness shall be applied by the Borrower on
the date of receipt thereof by such Group Member toward the prepayment of the Term Loans as set
forth in Section 2.9(e).

          (b) If on any date any Group Member shall receive Net Cash Proceeds from any Asset Sale or
Recovery Event then, unless a Reinvestment Notice shall have been timely delivered in respect
thereof, an amount equal to 100% of such Net Cash Proceeds shall be applied by or on behalf of the
Borrower promptly but no later than the end of the fiscal month following the fiscal month in which
such Net Cash Proceeds are received) toward the prepayment of the Term Loans as set forth in
Section 2.9(e); provided that notwithstanding the foregoing, (i) the aggregate Net Cash
Proceeds of Asset Sales that may be excluded from the foregoing prepayment requirement pursuant to
Reinvestment Notices shall not exceed $150,000,000 in any fiscal year of the Borrower and (ii) on
each Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with
respect to the relevant Reinvestment Event shall be applied toward the prepayment of the Term Loans
as set forth in Section 2.9(e).

          (c) If, for (i) the period from the first anniversary of the Closing Date through the end of
the then current fiscal year of the Borrower or (ii) any fiscal year of the Borrower thereafter,
there shall be Excess Cash Flow, the Borrower shall, on the relevant Excess Cash Flow Application
Date, apply the ECF Percentage of such Excess Cash Flow toward the prepayment of the Term Loans as
set forth in Section 2.9(e). Each such prepayment shall be made on a date (an “Excess Cash Flow
Application Date”) no later than five Business Days after the earlier of (i) the date on which the
financial statements of the Borrower referred to in Section 6.1(a), for the fiscal year with
respect to which such prepayment is made,

 

33

are required to be delivered to the Lenders and (ii) the date such financial statements are
actually delivered.

          (d) Following the establishment of any Receivable Financing Transaction by the Borrower or any
of its Domestic Subsidiaries, an amount equal to 100% of the Net Cash Proceeds thereof shall be
promptly applied by or on behalf of the Borrower toward the prepayment of the Term Loans as set
forth in Section 2.9(e).

          (e) Amounts to be applied in connection with prepayments made pursuant to this Section 2.9
shall be made ratably among the Lenders of the Term Loans. The application of any prepayment made
pursuant to this Section 2.9 shall be made, first, to ABR Loans and, second, to
Eurodollar Loans. Each prepayment of the Term Loans under Section 2.9 shall be accompanied by
accrued interest to the date of such prepayment on the amount prepaid and, if a Eurodollar Loan is
prepaid on any day other the last day of the Interest Period applicable thereto, the Borrower shall
also pay amounts owing pursuant to Section 2.18.

          2.10. Conversion and Continuation Options. (a) The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans by
giving the Administrative Agent prior irrevocable notice of such election no later than 11:00 A.M.,
New York City time, on the Business Day preceding the proposed conversion date. The Borrower may
elect from time to time to convert ABR Loans to Eurodollar Loans by giving the Administrative Agent
prior irrevocable notice of such election no later than 11:00 A.M., New York City time, on the
third Business Day preceding the proposed conversion date (which notice shall specify the length of
the initial Interest Period therefor), provided that no ABR Loan may be converted into a Eurodollar
Loan when any Event of Default has occurred and is continuing and the Administrative Agent has or
the Required Lenders have determined in its or their sole discretion not to permit such
conversions. Upon receipt of any such notice the Administrative Agent shall promptly notify each
relevant Lender thereof.

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

          2.11. Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and
continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts
and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate
principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to
$1,000,000 or a whole multiple of $500,000 in excess thereof and (b) no more than ten Eurodollar
Tranches shall be outstanding at any one time.

          2.12. Interest Rates and Payment Dates. (a) Subject to the provisions of Section 2.12(c), each Eurodollar Loan shall bear interest
for each day during each Interest Period with respect thereto at a rate per annum equal to the
Eurodollar Rate determined for such day plus the Applicable Margin.

 

34

          (b) Subject to the provisions of Section 2.12(c), each ABR Loan shall bear interest at a rate
per annum equal to the ABR plus the Applicable Margin.

          (c) If any Event of Default shall have occurred and be continuing, on and after the date the
Borrower receives notice from the Administrative Agent stating that interest is to accrue pursuant
to this paragraph (c) or following acceleration of payment of the Loans, all outstanding Loans,
Reimbursement Obligations and other Obligations under the Loan Documents (whether or not overdue at
such time) shall bear interest at a rate per annum equal to (i) in the case of the Loans, the rate
that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section
plus 2% or and (ii) in the case of any other Obligation, the rate then applicable to ABR
Loans plus 2%, in each case, with respect to clauses (i) and (ii) above, from the date of
such non-payment until such amount is paid in full (after as well as before judgment).

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

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

          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be presumptively correct and binding on the Borrower and the
Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the
Borrower, deliver to the Borrower a statement showing the quotations used by the Administrative
Agent in determining any interest rate pursuant to Section 2.12(a).

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

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

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

the Administrative Agent shall give telecopy or telephonic notice thereof to the Borrower and the
relevant Lenders as soon as practicable thereafter. If such notice is given (x) any Eurodollar
Loans under the relevant Facility requested to be made on the first day of such Interest Period
shall be made as ABR Loans, (y) any Loans under the relevant Facility that were to have been
converted on the first day of such

 

35

Interest Period to Eurodollar Loans under the relevant Facility shall be continued as ABR Loans and
(z) any outstanding Eurodollar Loans shall be converted, on the last day of the then-current
Interest Period, to ABR Loans. Until such notice has been withdrawn by the Administrative Agent
(which the Administrative Agent shall do promptly after the circumstances giving rise to such event
no longer exist), no further Eurodollar Loans under the relevant Facility shall be made or
continued as such, nor shall the Borrower have the right to convert Loans under the relevant
Facility to Eurodollar Loans.

          2.15. Pro Rata Treatment and Payments. (a) Except as otherwise provided herein, each payment by the Borrower on account of any
fee payable to Lenders shall be made pro rata according to the respective Outstanding Term Loan
Percentages, Closing Date Percentages, Delayed Draw Percentages or Revolving Percentages, as
applicable, of the relevant Lenders entitled thereto.

          (b) (i) Except as otherwise provided herein, each payment (including each prepayment) by the
Borrower on account of principal of and interest on the Loans shall be made pro
rata according to the respective Outstanding Term Loan Percentages of the Term Lenders
entitled thereto. The amount of each principal prepayment of the Term Loans shall be applied to
reduce the then remaining installments of the Term Loans (i) as directed by the Borrower in the
case of prepayments made pursuant to Section 2.8 and (ii) ratably based upon the respective then
remaining principal amounts thereof in the case of prepayments made pursuant to Section 2.9.
Amounts prepaid on account of the Term Loans may not be reborrowed.

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

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

          (d) Unless the Administrative Agent shall have been notified in writing by any Lender prior to
a borrowing that such Lender will not make the amount that would constitute its share of such
borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If
such amount is not made available to the Administrative Agent by the required time on the date of
borrowing therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with
interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation, for the period until such Lender makes such amount immediately available to the
Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under

 

36

this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share
of such borrowing is not made available to the Administrative Agent by such Lender within three
Business Days after such date of borrowing, the Administrative Agent shall also be entitled to
recover such amount with interest thereon at the rate per annum applicable thereto, within three
Business Days after demand therefor from the Borrower.

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

          (f) If any Lender shall fail to make any payment required to be made by it pursuant to Section
2.15(d), 2.15(e), 3.4(a) or 9.7, then the Administrative Agent may, in its discretion
(notwithstanding any contrary provision of this Agreement), apply any amounts thereafter received
by the Administrative Agent or the Issuing Lender for the account of such Lender to satisfy such
Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

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

     (i) shall subject any Lender to any tax of any kind whatsoever with respect to this
Agreement, any Letter of Credit, any application or any Eurodollar Loan made by it, or
change the basis of taxation of payments to such Lender in respect thereof (except for
Non-Excluded Taxes covered by Section 2.17 and changes in the rate of tax on the overall net
income of such Lender);

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

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

and the result of any of the foregoing is to increase the cost to such Lender, by an amount that
such Lender reasonably deems to be material, of making, converting into, continuing or maintaining
Eurodollar Loans or issuing or participating in Letters of Credit, or to reduce any amount
receivable hereunder in respect thereof, then, in any such case, the Borrower shall promptly pay
such Lender, within 30 days after receipt of a reasonably detailed invoice therefor, any additional
amounts necessary to compensate such Lender for such increased cost or reduced amount receivable.
If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall
promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of
which it has become so entitled.

 

37

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

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

          2.17. Taxes. (a) All payments made by or on account of any Loan Party under this Agreement or any other
Loan Document shall be made free and clear of, and without deduction or withholding for or on
account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges,
fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed
by any Governmental Authority (including any interest, addition to tax or penalties applicable
thereto), excluding income taxes and franchise taxes (imposed in lieu of net income taxes) and
taxes imposed on or measured by the Administrative Agent’s or any Lender’s net profits if such tax
is imposed as a result of a present or former connection between the Administrative Agent or such
Lender and the jurisdiction of the Governmental Authority imposing such tax or any political
subdivision or taxing authority thereof or therein (other than any such connection arising solely
from the Administrative Agent or such Lender having executed, delivered or performed its
obligations or received a payment under, or enforced, this Agreement or any other Loan Document).
If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings
(“Non-Excluded Taxes”) or any Other Taxes are required to be withheld from any amounts payable to
the Administrative Agent or any Lender hereunder or under any other Loan Document, the amounts so
payable to the Administrative Agent or such Lender shall be increased to the extent necessary to
yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes and Other
Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts
specified in this Agreement; provided, however, that the Borrower shall not be required to increase
any such amounts payable to the Administrative Agent or any Lender with respect to any Non-Excluded
Taxes (i) that are attributable to the Administrative Agent’s or such Lender’s failure to comply
with the requirements of paragraph (d) or (e) of this Section or (ii) that are United States
withholding taxes imposed on amounts payable to the Administrative Agent or such Lender at the time
the Administrative Agent or such Lender becomes a party to this Agreement, except to the extent
that the Administrative Agent’s or such Lender’s assignor (if any) was entitled, at the time of
assignment, to receive additional amounts from the Borrower with respect to such Non-Excluded Taxes
pursuant to this paragraph (a).

 

38

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

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

          (d) Each Lender (or Transferee) that is not a “United States Person” as defined in Section
7701(a)(30) of the Code (a “Non U.S. Lender”) shall deliver to the Borrower and the
Administrative Agent (or, in the case of a Participant, to the Administrative Agent and the Lender
from which the related participation shall have been purchased) two copies of either U.S. Internal
Revenue Service (“IRS”) Form W-8BEN claiming eligibility for benefits of an income tax treaty to
which the United States is a party, Form W-8ECI or Form W-8IMY (accompanied by applicable
underlying IRS forms), or, in the case of a Non U.S. Lender claiming exemption from U.S. federal
withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of “portfolio
interest”, a statement substantially in the form of Exhibit F and two copies of the applicable Form
W-8, or any subsequent versions thereof or successors thereto, in each case properly completed and
duly executed by such Non U.S. Lender claiming complete exemption from, or a reduced rate of, U.S.
federal withholding tax on all payments by the Borrower under this Agreement and the other Loan
Documents. Such forms shall be delivered by each Non U.S. Lender on or before the date it becomes
a party to this Agreement (or, in the case of any Participant, on or before the date such
Participant purchases the related participation). In addition, each Non U.S. Lender shall deliver
such forms promptly upon the expiration, obsolescence or invalidity of any form previously
delivered by such Non U.S. Lender. Each Non-U.S. Lender shall promptly notify the Borrower and the
Administrative Agent at any time it determines that it is no longer in a position to provide any
previously delivered certificate to the Borrower and the Administrative Agent (or any other form of
certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other
provision of this paragraph, a Non U.S. Lender shall not be required to deliver any form pursuant
to this paragraph that such Non U.S. Lender is not legally able to deliver.

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

          (f) Any Lender that is a United States person as defined in Section 7701(a)(30) of the Code
shall deliver to the Borrower (with a copy to the Administrative Agent) a duly completed and signed
IRS Form W-9 (or successor form) establishing that the Lender is organized under the laws of the
United States and is not subject to backup withholding.

 

39

          (g) If the Administrative Agent or any Lender determines, in its sole discretion (exercised in
good faith), that it has received a refund of any Non-Excluded Taxes or Other Taxes as to which it
has been indemnified by the Borrower or with respect to which the Borrower has paid additional
amounts pursuant to this Section 2.17, it shall pay over such refund to the Borrower (but only to
the extent of indemnity payments made, or additional amounts paid, by the Borrower under this
Section 2.17 with respect to the Non-Excluded Taxes or Other Taxes giving rise to such refund), net
of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest
(other than any interest paid by the relevant Governmental Authority with respect to such refund);
within 45 Business Days of the determination that the Borrower is entitled to such refund
provided, that the Borrower, upon the request of the Administrative Agent or such Lender,
agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to 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. This paragraph shall not be construed to require the Administrative Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Borrower or to any other Person.

          (h) Each Lender shall indemnify the Administrative Agent, within 10 days after demand
therefor, for the full amount of any Taxes attributable to such Lender that are payable or paid by
the Administrative Agent, and reasonable expenses arising therefrom or with respect thereto,
whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to
any Lender by the Administrative Agent shall be conclusive absent manifest error.

          (i) The agreements in this Section shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

          2.18. Indemnity. The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from,
any loss or expense that such Lender may sustain or incur as a consequence of (a) default by the
Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after the
Borrower has given a notice requesting the same in accordance with the provisions of this Agreement
(other than by operation of Section 2.14), (b) default by the Borrower in making any prepayment of
or conversion from Eurodollar Loans after the Borrower has given a notice thereof in accordance
with the provisions of this Agreement or (c) the making of a prepayment of Eurodollar Loans on a
day that is not the last day of an Interest Period with respect thereto. Such indemnification may
include an amount equal to the excess, if any, of (i) the amount of interest that would have
accrued on the amount so prepaid, or not so borrowed, converted or continued, for the period from
the date of such prepayment or of such failure to borrow, convert or continue to the last day of
such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest
Period that would have commenced on the date of such failure) in each case at the applicable rate
of interest for such Loans provided for herein (excluding, however, the Applicable Margin included
therein, if any) over (ii) the amount of interest (as reasonably determined by such Lender) that
would have accrued to such Lender on such amount by placing such amount on deposit for a comparable
period with leading banks in the interbank eurodollar market. A certificate as to any amounts
payable pursuant to this Section submitted to the Borrower by any Lender shall be presumptively
correct in the absence of manifest error. This covenant shall survive the termination of this
Agreement and the payment of the Loans and all other amounts payable hereunder.

          2.19. Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Section 2.16 or 2.17(a) with respect to such Lender, it will, if requested by the Borrower, use
reasonable efforts (subject to overall policy considerations of such Lender) to designate another
lending office for any Loans affected by such event with the object of avoiding the consequences of
such event; provided, that such designation is made on terms that, in the

 

40

sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no
economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section
shall affect or postpone any of the obligations of the Borrower or the rights of any Lender
pursuant to Section 2.16 or 2.17(a).

          2.20. Incremental Facility. The Borrower may at any time or from time to time after the Closing Date, by notice to the
Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of
the Lenders), request one or more additional tranches of term loans, revolving facilities or letter
of credit facilities (each, an “Incremental Facility”), provided that (i) at the
time and after the effectiveness of any Incremental Amendment referred to below, no Default or
Event of Default shall have occurred and be continuing, (ii) the Borrower shall be in compliance
with the covenants contained in Section 7.1 determined on a pro forma basis as of the last day of
the most recent period of the Borrower for which financial statements are available as if any term
loans under such Incremental Facility had been outstanding and any revolving commitment under such
Incremental Facility (to the extent not available to issue letters of credit) had been fully used
on the last day of such period and (iii) the Consolidated Leverage Ratio determined on a pro forma
basis as of the last day of the most recent fiscal quarter of the Borrower for which financial
statements are available, determined as if any term loans under such Incremental Facility had been
outstanding on the last day of such period, shall be less than 2.5 to 1.0. Each Incremental
Facility shall be in an aggregate principal amount that is not less than $50,000,000
(provided that such amount may be less than $50,000,000 if such amount represents all
remaining availability under the limit set forth in the next sentence) and there shall be not more
than 3 requests for Incremental Facilities. Notwithstanding anything to the contrary herein, the
aggregate amount of the Incremental Facilities (including the Incremental Revolving Facility) shall
not exceed $200,000,000. Any Incremental Facility (a) shall rank pari passu in right of payment
and of security with the Loans, (b) shall not mature earlier than the Maturity Date or have a
weighted average life (if applicable) which is shorter than the then remaining average life of the
Loans, and (c) shall otherwise be on terms and pursuant to documentation to be determined by the
Borrower and the Persons willing to provide such Incremental Facility, provided that (A) to
the extent such terms and documentation are not consistent with the Facilities (other than with
respect to pricing, amortization and maturity) they shall be reasonably satisfactory to the
Administrative Agent and (B) if the Applicable Margin (which term for purposes of this Section 2.20
shall include any original issue discount (“OID”) or upfront fees (which shall be deemed to
constitute like amounts of OID) payable by the Borrower to the lenders under any applicable
Facility (which, for any Incremental Facility consisting of a term loan facility shall be the Term
Facility and for any Incremental Facility consisting of a revolving loan facility shall be the
Incremental Revolving Facility) or the Incremental Facility, as applicable, in the primary
syndication thereof (with OID being equated to interest based on assumed three-year life to
maturity)) relating to any Incremental Facility exceeds the Applicable Margin relating to the
applicable Facility immediately prior to the effectiveness of the applicable Incremental Amendment,
the Applicable Margin relating to such Facility shall be adjusted to equal the Applicable Margin
relating to such Incremental Facility. Each notice from the Borrower pursuant to this Section 2.20
shall set forth the requested amount and proposed terms of the relevant Incremental Facility and
the Lenders or other Persons willing to provide the Incremental Facility. The Incremental Facility
may be provided by any existing Lender or by any Eligible Assignee selected by the Borrower (any
such other financial institution or fund being called an “Additional Lender”),
provided that the Administrative Agent shall have consented (not to be unreasonably
withheld) to such Lender’s or Additional Lender’s providing such Incremental Facility if such
consent would be required under Section 10.6 for an assignment of Loans to such Lender or
Additional Lender. Commitments in respect of Incremental Facilities shall become Commitments under
this Agreement pursuant to an amendment (an “Incremental Amendment”) to this Agreement and,
as appropriate, the other Loan Documents, executed by the Borrower, each Lender agreeing to provide
such Commitment, if any, each Additional Lender, if any, and the Administrative Agent pursuant to
Section 10.1(e) hereof. The Incremental Amendment may, without the consent of any other Lenders,
effect such amendments to this Agreement and the other Loan Documents as may be necessary or
appropriate, in the

 

41

reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of
this Section 2.20. The effectiveness of any Incremental Amendment shall be subject to the
satisfaction on the date thereof (each, an “Incremental Facility Closing Date”) of each of
the conditions set forth in Section 5.2 (it being understood that all references to the Delayed
Draw Funding Date or similar language in such Section 5.2 shall be deemed to refer to the effective
date of such Incremental Amendment) and such other conditions as the parties thereto shall agree.
The Borrower will use the proceeds of the Incremental Facilities for any purpose not prohibited by
this Agreement. No Lender shall be obligated to provide any Incremental Facility, unless it so
agrees. The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro rata
borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply
to the transactions effected pursuant to this paragraph.

          2.21. Intercreditor Agreement. Each Lender hereby authorizes and directs the Administrative Agent and the Collateral Agent
to enter into the Intercreditor Agreement on its behalf and hereby approves and agrees to be bound
by the terms of the Intercreditor Agreement. Notwithstanding anything to the contrary herein, in
the case of any inconsistency between this Agreement and the Intercreditor Agreement, the
Intercreditor Agreement shall govern. The Lenders acknowledge that the Second Lien Term Loans and
related obligations are secured by the Collateral, subject to the Intercreditor Agreement.

          2.22. Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Revolving Lender
becomes a Defaulting Lender, then the following provisions shall apply for so long as such
Revolving 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 2.6(d);

          (b) the Commitment and Revolving Extensions of Credit of such Defaulting Lender shall not be
included in determining whether all Lenders or the Required Lenders have taken or may take any
action hereunder (including any consent to any amendment or waiver pursuant to Section 10.1),
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) any waiver, amendment
or modification increasing the amount or extending the expiration date of such Defaulting Lender’s
Commitment, reducing the stated rate of any interest payable hereunder to such Defaulting Lender or
extending the scheduled date of any payment thereof to such Defaulting Lender that would, absent
this Section 2.22(b), require the consent of such Defaulting Lender pursuant to Section 10.1 shall
require the consent of such Defaulting Lender.

          (c) if any L/C Obligations exists at the time a Revolving Lender becomes a Defaulting Lender
then:

     (i) all or any part of such L/C Obligations shall be reallocated among the
non-Defaulting Lenders in accordance with their respective Revolving Percentages but only to
the extent (x) the sum of all non-Defaulting Lenders’ Revolving Extensions of Credit plus
such Defaulting Lender’s L/C Obligations does not exceed the total of all non-Defaulting
Lenders’ Revolving Commitments and (y) the conditions set forth in Section 5.4 are satisfied
at such time;

     (ii) if the reallocation described in clause (i) above cannot, or can only partially,
be effected, the Borrower shall within one Business Day following notice by the
Administrative Agent cash collateralize such Defaulting Lender’s L/C Obligations (after
giving effect to any partial reallocation pursuant to clause (i) above) in accordance with
the procedures set forth the last paragraph of Section 8 for so long as such L/C Obligations
are outstanding;

 

42

     (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s L/C
Obligations pursuant to Section 2.22(c), the Borrower shall not be required to pay any fees
to such Defaulting Lender pursuant to Section 3.3 with respect to such Defaulting Lender’s
L/C Obligations during the period such Defaulting Lender’s L/C Obligations are cash
collateralized;

     (iv) if the L/C Obligations of the non-Defaulting Lenders is reallocated pursuant to
Section 2.22(c), then the fees payable to the Lenders pursuant to Section 2.6(d) and Section
3.3 shall be adjusted in accordance with such non-Defaulting Lenders’ Revolving Percentages;
and

     (v) if any Defaulting Lender’s L/C Obligations are neither cash collateralized nor
reallocated pursuant to Section 2.22(c), then, without prejudice to any rights or remedies
of the Issuing Lender or any Lender hereunder, all commitment fees that otherwise would have
been payable to such Defaulting Lender (solely with respect to the portion of such
Defaulting Lender’s Commitment that was utilized by such L/C Obligations) and letter of
credit fees payable under Section 3.3 with respect to such Defaulting Lender’s L/C
Obligations shall be payable to the Issuing Lender until such L/C Obligations are cash
collateralized and/or reallocated;

          (d) so long as any Revolving Lender is a Defaulting Lender, the Issuing Lender shall not be
required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related
exposure will be 100% covered by the Revolving Commitments of the non-Defaulting Lenders and/or
cash collateral will be provided by the Borrower in accordance with Section 2.22(c), and
participating interests in any such newly issued or increased Letter of Credit shall be allocated
among non-Defaulting Lenders in a manner consistent with Section 2.22(c)(i) (and Defaulting Lenders
shall not participate therein); and

          (e) any amount payable to such Defaulting Lender hereunder (whether on account of principal,
interest, fees or otherwise and including any amount that would otherwise be payable to such
Defaulting Lender pursuant to Section 10.7 but excluding Section 10.1(c)) shall, in lieu of being
distributed to such Defaulting Lender, be retained by the Administrative Agent in a segregated
account and, subject to any applicable requirements of law, be applied at such time or times as may
be determined by the Administrative Agent (i) first, to the payment of any amounts owing by
such Defaulting Lender to the Administrative Agent hereunder, (ii) second, to the payment
of any amounts owing by such Defaulting Lender to the Issuing Lender hereunder, (iii)
third, if so determined by the Administrative Agent or requested by an Issuing Bank, held
in such account as cash collateral for future funding obligations of the Defaulting Lender in
respect of any existing or future participating interest in any Letter of Credit, (iv)
fourth, to the funding of any Revolving Loan in respect of which such Defaulting Lender has
failed to fund its portion thereof as required by this Agreement, as determined by the
Administrative Agent, (v) fifth, if so determined by the Administrative Agent and the
Borrower, held in such account as cash collateral for future funding obligations of the Defaulting
Lender in respect of any Revolving Loans under this Agreement, (vi) sixth, to the payment
of any amounts owing to the Lenders or an Issuing Lender as a result of any judgment of a court of
competent jurisdiction obtained by any Lender or such Issuing Lender against such Defaulting Lender
as a result of such Defaulting Lender’s breach of its obligations under this Agreement, (vii)
seventh, to the payment of any amounts owing to the Borrower as a result of any judgment of
a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a
result of such Defaulting Lender’s breach of its obligations under this Agreement, and (viii)
eighth, to such Defaulting Lender or as otherwise directed by a court of competent
jurisdiction, provided, with respect to this clause (viii), that if such payment is (x) a
prepayment of the principal amount of any Revolving Loans or Reimbursement Obligation in respect of
which a Defaulting Lender has funded its participation obligations and (y) made at a time when the
conditions set forth in Section 5.4 are satisfied, such payment shall be applied solely to prepay
the Revolving Loans of, and Reimbursement

 

43

Obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the
prepayment of any Revolving Loans, or Reimbursement Obligations owed to, any Defaulting Lender.

          In the event that the Administrative Agent, the Borrower and the Issuing Lender each agrees
that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a
Defaulting Lender, then the L/C Obligations of the Lenders shall be readjusted to reflect the
inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of
the Revolving Loans of the other Lenders as the Administrative shall determine may be necessary in
order for such Lender to hold such Revolving Loans in accordance with its Revolving Percentage.

SECTION 3. LETTERS OF CREDIT

          3.1. L/C Commitment. (a) Subject to the terms and conditions hereof, the Issuing Lender, in reliance on the
agreements of the other Revolving Lenders set forth in Section 3.4(a), agrees to issue letters of
credit (“Letters of Credit”) for the account of the Borrower on any Business Day during the
Revolving Commitment Period in such form as may be approved from time to time by the Issuing
Lender; provided that the Issuing Lender shall have no obligation to issue any Letter of
Credit if, after giving effect to such issuance, (i) the L/C Obligations would exceed the Dollar
Equivalent of the L/C Commitment or (ii) the aggregate amount of the Available Revolving
Commitments would be less than zero. Each Letter of Credit shall (i) be denominated in Dollars or
another freely-convertible currency acceptable to the Issuing Lender and (ii) expire no later than
the earlier of (x) the first anniversary of its date of issuance and (y) (1) the date that is five
Business Days prior to the Revolving Termination Date or (2) the date that is one year after the
Revolving Termination Date, provided that no later than the 60th day prior to the
Revolving Termination Date (or for any Letters of Credit issued after such date, the date of
issuance), the Borrower shall deposit in a cash collateral account opened by the Administrative
Agent an amount equal to 103% of the aggregate then undrawn and unexpired amount of such Letters of
Credit; provided that any Letter of Credit with a one-year term may provide for the renewal
thereof for additional one-year periods (which shall in no event extend beyond the date referred to
in clause (y) above).

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

          3.2. Procedure for Issuance of Letter of Credit. The Borrower may from time to time request that the Issuing Lender issue a Letter of Credit
by delivering to the Issuing Lender at its address for notices specified herein an Application
therefor, completed to the satisfaction of the Issuing Lender, and such other certificates,
documents and other papers and information as the Issuing Lender may request. Upon receipt of any
Application, the Issuing Lender will process such Application and the certificates, documents and
other papers and information delivered to it in connection therewith in accordance with its
customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no
event shall the Issuing Lender be required to issue any Letter of Credit earlier than three
Business Days after its receipt of the Application therefor and all such other certificates,
documents and other papers and information relating thereto) by issuing the original of such Letter
of Credit to the beneficiary thereof or as otherwise may be agreed to by the Issuing Lender and the
Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower
promptly following the issuance thereof. The Issuing Lender shall promptly furnish to the
Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance
of each Letter of Credit (including the amount thereof).

          3.3. Fees and Other Charges. (a) The Borrower will pay a fee on all outstanding Letters of Credit at a per annum rate
equal to the Applicable Margin then in effect with respect to

 

44

Eurodollar Loans under the Incremental Revolving Facility, shared ratably among the Revolving
Lenders and payable quarterly in arrears on each Fee Payment Date after the issuance date. In
addition, the Borrower shall pay to the Issuing Lender for its own account a fronting fee of 0.25%
per annum on the undrawn and unexpired amount of each Letter of Credit, payable quarterly in
arrears on each Fee Payment Date after the issuance date.

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

          3.4. L/C Participations. (a) The Issuing Lender irrevocably agrees to grant and hereby grants to each L/C
Participant, and, to induce the Issuing Lender to issue Letters of Credit, each L/C Participant
irrevocably agrees to accept and purchase and hereby accepts and purchases from the Issuing Lender,
on the terms and conditions set forth below, for such L/C Participant’s own account and risk an
undivided interest equal to such L/C Participant’s Revolving Percentage in the Issuing Lender’s
obligations and rights under and in respect of each Letter of Credit and the amount of each draft
paid by the Issuing Lender thereunder. Each L/C Participant agrees with the Issuing Lender that,
if a draft is paid under any Letter of Credit for which the Issuing Lender is not reimbursed in
full by the Borrower in accordance with the terms of this Agreement (or in the event that any
reimbursement received by the Issuing Lender shall be required to be returned by it at any time),
such L/C Participant shall pay to the Issuing Lender upon demand at the Issuing Lender’s address
for notices specified herein an amount equal to such L/C Participant’s Revolving Percentage of the
amount that is not so reimbursed (or is so returned). Each L/C Participant’s obligation to pay
such amount shall be absolute and unconditional and shall not be affected by any circumstance,
including (i) any setoff, counterclaim, recoupment, defense or other right that such L/C
Participant may have against the Issuing Lender, the Borrower or any other Person for any reason
whatsoever, (ii) the occurrence or continuance of a Default or an Event of Default or the failure
to satisfy any of the other conditions specified in Section 5, (iii) any adverse change in the
condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any other
Loan Document by the Borrower, any other Loan Party or any other L/C Participant or (v) any other
circumstance, happening or event whatsoever, whether or not similar
to any of the foregoing.

          (b) If any amount required to be paid by any L/C Participant to the Issuing Lender pursuant to
Section 3.4(a) in respect of any unreimbursed portion of any payment made by the Issuing Lender
under any Letter of Credit is paid to the Issuing Lender within three Business Days after the date
such payment is due, such L/C Participant shall pay to the Issuing Lender on demand an amount equal
to the product of (i) such amount, times (ii) the daily average Federal Funds Effective Rate during
the period from and including the date such payment is required to the date on which such payment
is immediately available to the Issuing Lender, times (iii) a fraction the numerator of which is
the number of days that elapse during such period and the denominator of which is 360. If any such
amount required to be paid by any L/C Participant pursuant to Section 3.4(a) is not made available
to the Issuing Lender by such L/C Participant within three Business Days after the date such
payment is due, the Issuing Lender shall be entitled to recover from such L/C Participant, on
demand, such amount with interest thereon calculated from such due date at the rate per annum
applicable to ABR Loans under the Incremental Revolving Facility. A certificate of the Issuing
Lender submitted to any L/C Participant with respect to any amounts owing under this Section shall
be conclusive in the absence of manifest error.

          (c) Whenever, at any time after the Issuing Lender has made payment under any Letter of Credit
and has received from any L/C Participant its pro rata share of such payment in accordance with
Section 3.4(a), the Issuing Lender receives any payment related to such Letter of Credit (whether
directly from the Borrower or otherwise, including proceeds of collateral applied thereto by the

 

45

Issuing Lender), or any payment of interest on account thereof, the Issuing Lender will
distribute to such L/C Participant its pro rata share thereof; provided, however,
that in the event that any such payment received by the Issuing Lender shall be required to be
returned by the Issuing Lender, such L/C Participant shall return to the Issuing Lender the portion
thereof previously distributed by the Issuing Lender to it.

          3.5. Reimbursement Obligation of the Borrower. If any draft is paid under any Letter of Credit, the Borrower shall reimburse the Issuing
Lender for the amount of (a) the draft so paid and (b) any taxes, fees, charges or other costs or
expenses incurred by the Issuing Lender in connection with such payment, not later than 12:00 Noon,
New York City time, on (i) the Business Day that the Borrower receives notice of such draft, if
such notice is received on such day prior to 10:00 A.M., New York City time, or (ii) if clause (i)
above does not apply, the Business Day immediately following the day that the Borrower receives
such notice. Each such payment shall be made to the Issuing Lender at its address for notices
referred to herein in Dollars and in immediately available funds. Interest shall be payable on any
such amounts from the date on which the relevant draft is paid until payment in full at the rate
set forth in (x) until the Business Day next succeeding the date of the relevant notice, Section
2.12(b) and (y) thereafter, Section 2.12(c).

          3.6. Obligations Absolute. The Borrower’s obligations under this Section 3 shall be absolute and unconditional under
any and all circumstances and irrespective of any setoff, counterclaim or defense to payment that
the Borrower may have or have had against the Issuing Lender, any beneficiary of a Letter of Credit
or any other Person. The Borrower also agrees with the Issuing Lender that the Issuing Lender
shall not be responsible for, and the Borrower’s Reimbursement Obligations under Section 3.5 shall
not be affected by, among other things, the validity or genuineness of documents or of any
endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or
forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit or
any other party to which such Letter of Credit may be transferred or any claims whatsoever of the
Borrower against any beneficiary of such Letter of Credit or any such transferee. The Issuing
Lender shall not be liable for any error, omission, interruption or delay in transmission, dispatch
or delivery of any message or advice, however transmitted, in connection with any Letter of Credit,
except for errors or omissions found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from the gross negligence or willful misconduct of the Issuing
Lender. The Borrower agrees that any action taken or omitted by the Issuing Lender under or in
connection with any Letter of Credit or the related drafts or documents, if done in the absence of
gross negligence or willful misconduct, shall be binding on the Borrower and shall not result in
any liability of the Issuing Lender to the Borrower.

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

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

          3.9. Cash Collateralization. If on any date the Dollar Equivalent of the L/C Obligations exceeds the L/C Commitment,
then the Borrower shall within three Business Days after

 

46

notice thereof from the Administrative Agent deposit in a cash collateral account opened by
the Administrative Agent an amount equal to such excess plus accrued and unpaid interest thereon.

          3.10. Currency Adjustments.

          (a) Notwithstanding anything to the contrary contained in this Agreement, for purposes of
calculating any fee in respect of any Letter of Credit in respect of any Business Day, the
Administrative Agent shall convert the amount available to be drawn under any Letter of Credit
denominated in a currency other than Dollars into an amount of Dollars based upon the Exchange
Rate.

          (b) Notwithstanding anything to the contrary contained in this Section 3, prior to demanding
any reimbursement from the L/C Participants pursuant to subsection 3.4 in respect of any Letter of
Credit denominated in a currency other than Dollars, the Issuing Lender shall convert the
Borrower’s obligation under subsection 3.4 to reimburse the Issuing Lender in such currency into an
obligation to reimburse the Issuing Lender in Dollars. The Dollar amount of the reimbursement
obligation of the Borrower and the L/C Participants shall be computed by the Issuing Lender based
upon the Exchange Rate in effect for the day on which such conversion occurs.

SECTION 4. REPRESENTATIONS AND WARRANTIES

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

          4.1. No Change. Since the Petition Date, there has been no development or event that has had or could
reasonably be expected to have a Material Adverse Effect (it being agreed that solely for purposes
of this Section 4.1 no change in automotive industry conditions or in banking, financial or capital
markets on and after such date which does not disproportionately adversely affect the Borrower and
its Subsidiaries, taken as a whole, shall have a Material Adverse Effect)..

          4.2. Existence; Compliance with Law. Each Loan Party (a) is duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization, (b) has the power and authority, and the legal right, to
own and operate its property, to lease the property it operates as lessee and to conduct the
business in which it is currently engaged, (c) is duly qualified as a foreign corporation or other
organization and in good standing under the laws of each jurisdiction where its ownership, lease or
operation of property or the conduct of its business requires such qualification and (d) is in
compliance with all Requirements of Law.

          4.3. Power; Authorization; Enforceable Obligations. Upon entry by the Bankruptcy Court of the Confirmation Order, each Loan Party has the power
and authority, and the legal right, to make, deliver and perform the Loan Documents to which it is
a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Each Loan
Party has taken all necessary organizational action to authorize the execution, delivery and
performance of the Loan Documents to which it is a party and, in the case of the Borrower, to
authorize the extensions of credit on the terms and conditions of this Agreement. No consent or
authorization of, filing with, notice to or other act by or in respect of, any Governmental
Authority or any other Person is required in connection with the extensions of credit hereunder or
with the execution, delivery, performance, validity or enforceability of this Agreement or any of
the Loan Documents except (i) consents, authorizations, filings and notices described in Schedule
4.3, which consents, authorizations, filings and notices (other than the Confirmation Order) have
been

 

47

obtained or made and are in full force and effect and (ii) the filings referred to in Section
4.20. Each Loan Document has been duly executed and delivered on behalf of each Loan Party
thereto. This Agreement constitutes, and each other Loan Document upon execution will constitute,
a legal, valid and binding obligation of each Loan Party party thereto, enforceable against each
such Loan Party in accordance with its terms, except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of
creditors’ rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or at law).

          4.4. No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the
issuance of Letters of Credit, the borrowings hereunder and the use of the proceeds thereof will
not violate any Requirement of Law or any Contractual Obligation of any Loan Party and will not
result in, or require, the creation or imposition of any Lien on any of their respective properties
or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other than the
Liens created by the Loan Documents and the Second Lien Term Loans).

          4.5. Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental
Authority is pending or, to the knowledge of the Borrower, threatened by or against any Loan Party
or against any of their respective properties or revenues (including with respect to the Loan
Documents) that could reasonably be expected to have a Material Adverse Effect.

          4.6. No Default. No Loan Party is in default under or with respect to any of its Contractual Obligations in
any respect that could reasonably be expected to have a Material Adverse Effect. No Default or
Event of Default has occurred and is continuing.

          4.7. Ownership of Property; Liens. Except as could not reasonably be expected to have a Material Adverse Effect, each Loan
Party has title in fee simple to, or a valid leasehold, subleasehold, license or other interest
in, all its real property, and good title to, or a valid leasehold interest in, all its other
property, and none of such property, except for minor encumbrances and defects in title that do not
materially interfere with its ability to conduct its business as currently conducted or to utilize
such properties and assets for their intended purposes is subject to any Lien except as permitted
by Section 7.3.

          4.8. Intellectual Property. Each Loan Party owns, or is licensed to use, all Intellectual Property necessary for the
conduct of its business as currently conducted. No material claim has been asserted and is pending
by any Person against any Loan Party challenging or questioning the use of any Intellectual
Property or the validity or effectiveness of any Intellectual Property of any Loan Party, nor does
the Borrower know of any valid basis for any such claim. To the knowledge of the Borrower, no use
by each Loan Party of any of its material Intellectual Property infringes on the rights of any
Person in any material respect.

          4.9. Taxes. Each Loan Party has filed or caused to be filed all Federal and material state and other
material tax returns that are required to be filed and has paid all taxes shown to be due and
payable on said returns or on any material assessments made against it or any of its property and
all other material taxes, fees or other charges imposed on it or any of its property by any
Governmental Authority (except any such taxes the amount or validity of which are currently being
contested in good faith by appropriate proceedings and with respect to which reserves in conformity
with GAAP (where GAAP requires such reserves) have been provided on the books of the relevant Loan
Party); no tax Lien has been filed, and, to the knowledge of the Borrower, no claim is being
asserted, with respect to any such tax, fee or other charge.

 

48

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

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

          4.12. ERISA. Except, in the aggregate, as could not reasonably be expected to result in a Material
Adverse Effect, (i) each Loan Party and each of their respective ERISA Affiliates is in compliance
with the applicable provisions of ERISA and the Code relating to Single Employer Plans and
Multiemployer Plans and the regulations and published interpretations thereunder and (ii) no ERISA
Event has occurred during the five-year period prior to the date on which this representation is
made or deemed made with respect to any Plan. Except, in the aggregate, as could not reasonably be
expected to result in a Material Adverse Effect, the present value of all accrued benefits under
each Single Employer Plan (based on those assumptions used to fund such Plan) did not, as of the
last annual valuation date prior to the date on which this representation is made or deemed made,
exceed the value of the assets of such Plan allocable to such accrued benefits.

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

          4.14. Subsidiaries. As of the date hereof, (a) Schedule 4.14 sets forth the name and jurisdiction of
incorporation of each Subsidiary and, as to each such Subsidiary, the percentage of each class of
Capital Stock owned by any Loan Party and (b) except as set forth on Schedule 4.14, there are no
outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments
(other than stock options or similar equity awards granted to current or former employees or
directors and directors’ qualifying shares) of any nature relating to any Capital Stock of the
Borrower or any Subsidiary.

          4.15. Use of Proceeds. The proceeds of the Term Loans shall be used, together with cash on hand of the Borrower,
to replace and refinance the outstanding loans made under the DIP Credit Agreement or, in the case
of the Delayed Draw Loans, to refund cash used by the Borrower for the foregoing. The proceeds of
the Revolving Loans and the Letters of Credit, shall be used for general corporate purposes. The
proceeds of the Loans shall not be used to purchase or carry margin stock.

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

 

49

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

     (b) no Group Member has received or is aware of any notice of violation,
alleged violation, non-compliance, liability or potential liability regarding
environmental matters or compliance with Environmental Laws with regard to any of
the Properties or the business operated by any Group Member (the
“Business”), nor does the Borrower have knowledge or reason to believe that
any such notice will be received or is being threatened;

     (c) Materials of Environmental Concern have not been transported or disposed of
from the Properties during the last five years or, to the knowledge of the Borrower,
any prior time in violation of, or in a manner or to a location that could give rise
to liability under, any Environmental Law, nor have any Materials of Environmental
Concern been generated, treated, stored or disposed of at, on or under any of the
Properties during the last five years or, to the knowledge of the Borrower, any
prior time in violation of, or in a manner that could give rise to liability under,
any applicable Environmental Law;

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

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

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

     (g) no Group Member has assumed any liability by contract or, to the knowledge
of the Borrower, operation of law, of any other Person under Environmental Laws.

          4.17. Accuracy of Information, etc. No factual statement or information contained in this Agreement, any other Loan Document or
any other document, certificate or statement furnished by or on behalf of any Loan Party to the
Administrative Agent, the Lenders or the Bankruptcy Court, or any of them, for use in connection
with the transactions contemplated by this Agreement or the other Loan Documents other than any
projections or pro forma information, when taken as a whole, contained as of

 

50

the date such statement, information, document or certificate was so furnished, any untrue
statement of a material fact or omitted to state a material fact necessary to make the statements
contained herein or therein not materially misleading in light of the circumstances when made. The
projections and pro forma information contained in the materials referenced above are based upon
good faith estimates and assumptions believed by management of the Borrower to be reasonable at the
time made, it being recognized by the Lenders that such projections as they relate to future events
are subject to significant uncertainties, many of which are beyond the control of the Borrower and
not to be viewed as fact and that actual results during the period or periods covered by such
projections may differ from the projected results set forth therein by a material amount.

          4.18. Financial Statements. (a) The unaudited pro forma consolidated balance sheet
of the Borrower and its consolidated Subsidiaries as at October 3, 2009 (including the notes
thereto) (the “Pro Forma Balance Sheet”), copies of which will be furnished to the
Administrative Agent on or prior to the Closing Date, will have been prepared giving effect (as if
such events had occurred on such date) to (i) the occurrence of the Effective Date, (ii) the Second
Lien Term Loans deemed made on the Closing Date, (iii) the Term Loans made on the Closing Date and
the use of the proceeds thereof and (iv) the payment of fees and expenses in connection with the
foregoing. The Pro Forma Balance Sheet will have been prepared based on the best information
available to the Borrower as of the date of delivery thereof, and will present fairly on a pro
forma basis the estimated financial position of the Borrower and its consolidated Subsidiaries as
at October 3, 2009, assuming that the events specified in the preceding sentence had actually
occurred at such date.

          (b) [Reserved.]

          (c) The (i) audited consolidated balance sheet of the Borrower and its consolidated
Subsidiaries as of December 31, 2008 and the related statements of income and cash flow for the
fiscal year ending on such date and (ii) unaudited consolidated balance sheet of the Borrower and
its consolidated Subsidiaries as of June 30, 2009 and the related statements of income and cash
flow for the fiscal quarter ending on such date, each as heretofore furnished to the Administrative
Agent and the Lenders and certified by a Responsible Officer of the Borrower, are complete and
correct in all material respects and fairly present the financial condition of the Borrower and its
Subsidiaries on such date. All such financial statements, including the related schedules and notes
thereto, have been prepared in conformity with GAAP applied on a consistent basis, and all
liabilities, direct and contingent, of the Borrower on a consolidated basis with its Subsidiaries
on such date required to be disclosed pursuant to GAAP are disclosed in such financial statements,
subject to (d) year-end audit adjustments and the absence of footnotes in the case of the
statements referred to in clause (ii) above.

          4.19. Insurance. All policies of insurance of any kind or nature owned by or issued
to each Loan Party, including policies of life, fire, theft, product liability, public liability,
property damage, other casualty, employee fidelity, workers’ compensation, employee health and
welfare, property and liability insurance, are (a) in full force and effect except to the extent
commercially reasonably determined by the Borrower not to be necessary pursuant to clause (b) of
this Section 4.19 or which is not material to the overall coverage and (b) are of a nature and
provide such coverage as in the reasonable opinion of the Borrower, is sufficient and is
customarily carried by companies of the size and character of the Loan Parties.

          4.20. Security Documents. (a) The Guarantee and Collateral Agreement is effective to
create in favor of the Collateral Agent, for its benefit, for the benefit of the Administrative
Agent and for the benefit of the Lenders, a legal, valid and enforceable security interest in the
Collateral described therein and proceeds thereof. In the case of the Pledged Stock described in
the Guarantee and Collateral Agreement, when stock certificates representing such Pledged Stock are
delivered to the Collateral Agent

 

51

(together with a properly completed and signed stock power or endorsement), and in the case of
the other Collateral described in the Guarantee and Collateral Agreement, when financing statements
and other filings specified on Schedule 4.20(a) in appropriate form are filed in the offices
specified on Schedule 4.20(a) together with payment of any filing or recordation fees, or, with
respect to after-acquired property, when the requirements set forth in Section 6.9 have been
complied with, the Collateral Agent shall have a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof
(except for registration of and application for Intellectual Property filed outside the United
States) to the extent such Lien can be perfected by the filing of financing statements under the
applicable UCC, as security for the Obligations (as defined in the Guarantee and Collateral
Agreement), in each case prior and superior in right to any other Person (except, in the case of
Collateral other than Pledged Stock, Liens permitted by Section 7.3, and in the case of the
Collateral constituting Pledged Stock, inchoate Liens arising by operation of law), in each case,
to the extent required by the Guarantee and Collateral Agreement.

          (b) Each of the Mortgages is effective to create in favor of the Collateral Agent, for its
benefit, for the benefit of the Administrative Agent and for the benefit of the Lenders, a legal,
valid and enforceable Lien on the Mortgaged Property described therein, and when the Mortgages are
filed in the offices specified on Schedule 4.20(b), each such Mortgage shall constitute a Lien on,
and security interest in, all right, title and interest of the Loan Parties in the subject
Mortgaged Property, as security for the Obligations (as defined in the relevant Mortgage), in each
case prior and superior in right to any other Person (except Liens permitted by Section 7.3). Part
1 of Schedule 1.1B lists, as of the date hereof, each parcel of owned real property located in the
United States and held by the Borrower or any of the Guarantors that has a fair market value
estimated in good faith by the Borrower, in excess of $5,000,000 (each, a “Mortgaged Property”).
Part 2 of Schedule 1.1B lists, as of the date hereof, (A) each parcel of owned real property
located in the United States and held by the Borrower or any of the Guarantors that has a fair
market value estimated in good faith by the Borrower in excess of $1,000,000 which is not listed on
Part 1 of Schedule 1.1B, and (B) each material parcel of real property located in the United States
and which is leased (as lessee) or subleased (as sublessee) by the Borrower or any of the
Guarantors.

          4.21. Solvency. After giving effect to the occurrence of the Effective Date and the
incurrence of all Indebtedness and Obligations being incurred in connection herewith and therewith,
the Borrower is Solvent.

          4.22. Regulation H. Except as disclosed in Schedule 4.22, no Mortgage encumbers
improved real property that is located in an area that has been identified by the Secretary of
Housing and Urban Development as an area having special flood hazards and in which flood insurance
has been made available under the National Flood Insurance Act of 1968, as amended.

SECTION 5. CONDITIONS PRECEDENT

          5.1. Closing Date. The agreement of each Lender to make the extension of credit
requested to be made by it on the Closing Date is subject to the satisfaction, prior to or
concurrently with the making of such extension of credit on the Closing Date, of the following
conditions precedent:

     (a) Credit Agreement. The Administrative Agent shall have received (i)
this Agreement, executed and delivered by the Borrower, (ii) the Guarantee and
Collateral Agreement, executed and delivered by the Borrower and each Guarantor, and
(iii) the Intercreditor Agreement, executed and delivered by the Administrative
Agent, the Collateral Agent, the Second Lien Agent, the Borrower and each Guarantor.

 

52

     (b) Closing Certificate; Certified Certificate of Incorporation; Good
Standing Certificates. The Administrative Agent shall have received (i) a
certificate of a Responsible Officer of each Loan Party, dated the Closing Date, in
form and substance reasonably satisfactory to the Administrative Agent, as to the
incumbency and signature of their respective officers executing each Loan Document
to which it is a party, together with satisfactory evidence of the incumbency of
such Responsible Officer, (ii) a copy of the resolutions, in form and substance
reasonably satisfactory to the Administrative Agent, of the Board of Directors (or
the executive committee or other governing authority thereof) of each Loan Party
authorizing the execution, delivery and performance of each Loan Document to be
entered into on the Closing Date to which it is a party, (iii) a certificate of the
Borrower, in form and substance reasonably satisfactory to the Administrative Agent,
attaching the certificate of incorporation of each Loan Party that is a corporation
certified by the relevant authority of the jurisdiction of organization of such Loan
Party and (iv) a good standing certificate for each Loan Party from its jurisdiction
of organization.

     (c) Representations and Warranties. Each of the representations and
warranties made by any Loan Party in or pursuant to the Loan Documents shall be true
and correct in all material respects (provided that if any representation or
warranty is by its terms qualified by materiality, such representation shall be true
and correct in all respects) on and as of such date as if made on and as of such
date, except to the extent that any such representation or warranty is stated to
relate solely to an earlier date, in which case such representation or warranty
shall be true and correct on and as of such earlier date.

     (d) Fees. The Lenders and the Administrative Agent shall have received
all fees required to be paid, and all expenses for which invoices have been
presented (including the reasonable fees and expenses of legal counsel), on or
before the Closing Date.

     (e) Legal Opinion of Counsel to the Borrower. The Administrative Agent
shall have received (i) an opinion, in form and substance reasonably satisfactory to
the Administrative Agent, of counsel to the Borrower and its Subsidiaries and (ii)
the legal opinion of local counsel in jurisdictions in which the Mortgages have been
filed as may be reasonably requested by the Administrative Agent.

     (f) Compliance with DIP Credit Agreement. The Administrative Agent
shall have received a certificate of a Responsible Officer of the Borrower in form
and substance reasonably satisfactory to the Administrative Agent, certifying (i) no
Default or Event of Default (as defined in the DIP Credit Agreement) exists under
the DIP Credit Agreement immediately prior to the termination thereof and (ii) the
Borrower is in compliance with the financial covenants set forth in Section 7.1 of
the DIP Credit Agreement, immediately prior to the termination of the DIP Credit
Agreement.

     (g) Pro Forma Liquidity. After giving pro forma effect to the
Plan of Reorganization and the borrowing of the Loans on the Closing Date (i)
Liquidity of the Borrower and its Subsidiaries shall not be less than the minimum
Liquidity required to be maintained pursuant to Section 7.1(b) of the DIP Credit
Agreement as of the last day of the fiscal month in which the Closing Date occurs,
and (ii) the aggregate principal amount of the Loans and the Second Lien Term Loans
shall not exceed $1,100,000,000,

 

53

and the Borrower shall have provided to the Administrative Agent reasonably
satisfactory support for such calculations.

     (h) Confirmation Order. The Bankruptcy Court shall have entered an
order confirming the Plan of Reorganization, which order (the “Confirmation Order”)
(i) shall be in form and substance reasonably satisfactory to the Administrative
Agent, (ii) shall authorize the Term Facility and (iii) unless the Arrangers
otherwise agree, shall be in full force and effect and shall not have been reversed
or modified and shall not be stayed or subject to a motion to stay or subject to
appeal or petition for review, rehearing or certiorari. The Canadian Court shall
have entered an order in the CCAA Cases recognizing and implementing the
Confirmation Order with respect to the Canadian Debtors, which order (i) shall be
consistent with the Confirmation Order except to the extent otherwise reasonably
satisfactory to the Administrative Agent and (ii) unless the Arrangers otherwise
agree, shall be in full force and effect and shall not have been reversed or
modified and shall not be stayed or subject to a motion to stay or subject to appeal
or petition for review, rehearing or certiorari. The Effective Date shall have
occurred (and all conditions precedent thereto as set forth therein shall have been
satisfied (or shall be concurrently satisfied) or waived by the Administrative
Agent).

     (i) Repayment of DIP Facility. The DIP Facility shall have been repaid
in full in cash and all commitments relating thereto shall have been terminated, and
all liens and security interests related thereto shall have been terminated,
released or continued, as applicable.

     (j) Projections. The Borrower shall have delivered projections through
2014 prepared in good faith on the basis of the assumptions stated therein.

     (k) Second Lien Term Loans. (i) The Second Lien Credit Agreement shall
contain terms that conform to the Plan of Reorganization and are otherwise
reasonably satisfactory to the Administrative Agent, and (ii) the Administrative
Agent shall have received reasonably satisfactory evidence that the conditions to
the effectiveness of the Second Lien Term Loan Documents shall have been satisfied
or waived in accordance with their terms.

     (l) Pro Forma Balance Sheet; Financial Statements. The Lenders shall
have received (i) the Pro Forma Balance Sheet, (ii) audited consolidated financial
statements of the Borrower and its Subsidiaries for the most recently ended fiscal
year and (iii) unaudited interim consolidated financial statements of the Borrower
and its Subsidiaries for each fiscal quarter ended after the date of the latest
applicable financial statements delivered pursuant to clause (i) of this paragraph
as to which such financial statements are available.

     (m) No Default. No Default or Event of Default shall have occurred and
be continuing o n such date or after giving effect to the extensions of credit
requested to be made on such date.

     (n) Patriot Act and “Know Your Customer” Information. The
Administrative Agent shall have received all documentation and other information
mutually agreed to be required by regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including the United
States

 

54

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

     (o) Ratings. The Borrower shall have used commercially reasonable
efforts to obtain a rating for the Term Facility from both S&P and Moody’s.

     (p) Insurance. The Administrative Agent shall have received insurance
certificates satisfying the requirements of Section 6.5 and the corresponding
section of the Mortgages.

     (q) Pledged Stock; Stock Powers; Pledged Notes. The Collateral Agent
shall have received (i) the certificates representing the shares of Capital Stock
pledged pursuant to the Security Documents, together with an undated stock power for
each such certificate executed in blank by a duly authorized officer of the pledgor
thereof and (ii) each promissory note (if any) pledged to the Collateral Agent
pursuant to the Security Documents endorsed (without recourse) in blank (or
accompanied by an executed transfer form in blank) by the pledgor thereof, in each
case of the foregoing, to the extent not previously delivered to the DIP Agent under
the DIP Credit Agreement.

     (r) Mortgages, etc. (i) The Administrative Agent shall have received
a Mortgage with respect to each Mortgaged Property, executed and delivered by a duly
authorized officer of each party thereto.

     (ii) If requested by the Administrative Agent, the Administrative Agent shall
have received, and the title insurance company issuing the policy referred to in
clause (iii) below (the “Title Insurance Company”) shall have received, maps
or plats of an as-built survey of the sites of the Mortgaged Properties certified to
the Administrative Agent and the Title Insurance Company in a manner reasonably
satisfactory to them, dated a date reasonably satisfactory to the Administrative
Agent and the Title Insurance Company by an independent professional licensed land
surveyor reasonably satisfactory to the Administrative Agent.

     (iii) The Administrative Agent shall have received in respect of each Mortgaged
Property with a fair market value estimated in good faith by the Borrower in excess
of $5,000,000 a binding pro forma mortgagee’s title insurance policy (or policies)
or marked-up unconditional commitment to issue such insurance, in each case in form
and substance reasonably satisfactory to the Administrative Agent. The
Administrative Agent shall have received evidence reasonably satisfactory to it that
all premiums in respect of each such policy, all charges for mortgage recording tax,
and all related expenses, if any, have been paid.

     (iv) If requested by the Administrative Agent, the Administrative Agent shall
have received in respect of each Mortgaged Property with a fair market value
estimated in good faith by the Borrower in excess of $5,000,000 (A) a policy of
flood insurance that (1) covers any parcel of improved real property that is
encumbered by any Mortgage and located in a special flood hazard area, (2) is
written in an amount not less than the outstanding principal amount of the
indebtedness secured by such Mortgage that is reasonably allocable to such real
property, the fair market value of such real property as estimated in good faith by
the Borrower or the maximum limit of coverage made available with respect to the
particular type of property under the National Flood Insurance Act of 1968, as
amended, whichever is less, and (3) has a term ending not later

 

55

than the maturity of the Indebtedness secured by such Mortgage and (B)
confirmation that the Borrower has received the notice required pursuant to Section
208(e)(3) of Regulation H of the Board with respect to any parcel of improved real
property that is encumbered by any Mortgage and located in a special flood hazard
area.

     (v) The Administrative Agent shall have received a copy of all recorded
documents referred to, or listed as exceptions to title in, the title policy or
policies referred to in clause (iii)) above.

     (s) Lien Searches. The Administrative Agent shall have received the
results of a recent lien search in each of the jurisdictions where any Loan Party is
organized, and such search shall reveal no liens on any of the assets of the Loan
Parties except for liens permitted by Section 7.3 or discharged on or prior to the
Closing Date pursuant to documentation reasonably satisfactory to the Administrative
Agent.

     (t) Filings, Registrations and Recordings. Each document (including
any Uniform Commercial Code financing statement) required by the Security Documents
or under law or reasonably requested by the Administrative Agent to be filed,
registered or recorded in order to create in favor of the Collateral Agent, for its
benefit, for the benefit of the Administrative Agent and for the ratable benefit of
the Lenders, a perfected Lien (or in the case of the Mortgages, a valid Lien) on the
Collateral described therein, prior and superior in right to any other Person (other
than with respect to Liens expressly permitted by Section 7.3), shall be in proper
form to the satisfaction of the Collateral Agent for filing, registration or
recordation.

          5.2. Delayed Draw Funding Date. The agreement of each Lender to make the extension of
credit requested to be made by it on the Delayed Draw Funding Date is subject to the satisfaction,
prior to or concurrently with the making of such extension of credit on the Delayed Draw Funding
Date, of the following conditions precedent:

          (a) Representations and Warranties. Each of the representations and warranties made
by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material
respects (provided that if any representation or warranty is by its terms qualified by materiality,
such representation shall be true and correct in all respects) on and as of such date as if made on
and as of such date, except to the extent that any such representation or warranty is stated to
relate solely to an earlier date, in which case such representation or warranty shall be true and
correct on and as of such earlier date.

          (b) No Default. No Default or Event of Default shall have occurred and be continuing
on such date or after giving effect to the extensions of credit requested to be made on such date.

For the purpose of determining compliance with the conditions specified in this Section 5, each
Lender that has signed this Agreement shall be deemed to have accepted, and to be satisfied with,
each document or other matter required under this Section 5.1 and 5.2 unless the Administrative
Agent shall have received written notice from such Lender prior to the proposed Closing Date
specifying its objection thereto.

          5.3. Restatement Date. The effectiveness of this Agreement is subject to the
satisfaction of the following conditions precedent:

 

56

          (a) Credit Agreement. The Administrative Agent shall have received (i) this
Agreement, executed and delivered by the Borrower and (ii) the Guarantee and Collateral Agreement,
executed and delivered by the Borrower and each Guarantor.

          (b) Closing Certificate; Certified Certificate of Incorporation; Good Standing
Certificates. The Administrative Agent shall have received (i) a certificate of a Responsible
Officer of each Loan Party, dated the Restatement Date, in form and substance reasonably
satisfactory to the Administrative Agent, as to the incumbency and signature of their respective
officers executing each Loan Document to which it is a party, together with satisfactory evidence
of the incumbency of such Responsible Officer, (ii) a copy of the resolutions, in form and
substance reasonably satisfactory to the Administrative Agent, of the Board of Directors (or the
executive committee or other governing authority thereof) of each Loan Party authorizing the
execution, delivery and performance of each Loan Document to be entered into on the Restatement
Date to which it is a party, (iii) a certificate of the Borrower, in form and substance reasonably
satisfactory to the Administrative Agent, attaching the certificate of incorporation of each Loan
Party that is a corporation certified by the relevant authority of the jurisdiction of organization
of such Loan Party and (iv) a good standing certificate for each Loan Party from its jurisdiction
of organization.

          (c) Fees. The Incremental Revolving Lenders and the Administrative Agent shall have
received all fees required to be paid, and all expenses for which invoices have been presented
(including the reasonable fees and expenses of legal counsel), on or before the Restatement Date.

          (d) Officer Certificate. The Administrative Agent shall have received an officer’s
certificate, signed by a Responsible Officer of the Borrower, to the effect that the Incremental
Revolving Facility is permitted pursuant to Section 2.20 of the Existing Credit Agreement.

          5.4. Each Extension of Credit under the Incremental Revolving Facility. The agreement
of each Revolving Lender to make the extension of credit requested to be made by it on any date is
subject to the satisfaction of the following conditions precedent (except to the extent waived by
the Majority Facility Lenders under the Incremental Revolving Facility):

          (a) Legal Opinion. The Administrative Agent shall have received, on or before the
15th day following effectiveness of this Agreement (which date may be extended by the
Administrative Agent from time to time in its discretion) an opinion, in form and substance
reasonably satisfactory to the Administrative Agent, of counsel to the Borrower and its
Subsidiaries.

          (b) Representations and Warranties. Each of the representations and warranties made
by any Loan Party in or pursuant to the Loan Documents shall be true and correct in all material
respects (provided that if any representation or warranty is by its terms qualified by materiality,
such representation shall be true and correct in all respects) on and as of such date as if made on
and as of such date, except to the extent that any such representation or warranty is stated to
relate solely to an earlier date, in which case such representation or warranty shall be true and
correct on and as of such earlier date.

          (c) No Default. No Default or Event of Default shall have occurred and be continuing
on such date or after giving effect to the extensions of credit requested to be made on such date.

SECTION 6. AFFIRMATIVE COVENANTS

          Each Loan Party hereby jointly and severally agrees that, commencing on the Closing Date and
so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any

 

57

Loan or other amount is owing to any Lender or the Administrative Agent hereunder, each Loan
Party shall and shall cause each of its Subsidiaries to:

          6.1. Financial Statements. Furnish to the Administrative Agent to be provided to each
Lender:

     (a) as soon as available, but in any event not later than 120 days after the
end of each fiscal year of the Borrower, a copy of the audited consolidated balance
sheet of the Borrower and its consolidated Subsidiaries as at the end of such year
and the related audited consolidated statements of income and of cash flows for such
year, setting forth in each case, in comparative form the figures for the previous
year, reported on without a qualification arising out of the scope of the audit or
other material qualification or exception (other than a “going concern” exception or
similar exception or qualification for fiscal year 2009), by independent certified
public accountants of nationally recognized standing; and

     (b) as soon as available, but in any event not later than 60 days after the end
of each of the first three quarterly periods of each fiscal year of the Borrower,
commencing with the fiscal quarter ended on or about October 3, 2009, the unaudited
consolidated and consolidating (on the same basis as the Borrower prepared
consolidating financial statements prior to the Closing Date) balance sheet of the
Borrower and its consolidated Subsidiaries as at the end of such quarter and the
related unaudited consolidated and consolidating (on the same basis as the Borrower
prepared consolidating financial statements prior to the Closing Date) statements of
income and of cash flows for such quarter and the portion of the fiscal year through
the end of such quarter, setting forth in each case, in comparative form the figures
for the previous year, certified by a Responsible Officer, on behalf of the
Borrower, as being fairly stated in all material respects.

All such financial statements shall be complete and correct in all material respects and shall be
prepared in reasonable detail and in accordance with GAAP applied (except (i) as approved by such
accountants or officer, as the case may be, and disclosed in reasonable detail therein and (ii)
with respect to unaudited statements, the absence of footnote disclosure and subject to year-end
audit adjustments) consistently throughout the periods reflected therein and with prior periods.

          6.2. Certificates; Other Information. Furnish to the Administrative Agent which shall
make such item available to each Lender (or, in the case of clause (f), to the relevant Lender):

          (a) [Reserved];

          (b) concurrently with the delivery of any financial statements pursuant to Section 6.1, (i) a
certificate of the Borrower stating that the Responsible Officer executing such certificate on
behalf of the Borrower has no knowledge of any Default or Event of Default except as specified in
such certificate, (ii) a Compliance Certificate containing all information and calculations
necessary for determining compliance by each Loan Party with the provisions of this Agreement
referred to therein, including calculations in reasonable detail with respect to compliance with
Section 7.1, and (iii) in the case of quarterly or annual financial statements, to the extent not
previously disclosed to the Administrative Agent, (1) a description of any change in the
jurisdiction of organization of any Loan Party, (2) a description of any Domestic Subsidiary
acquired or created, including name and jurisdiction of organization, and (3) a description of any
Person that has become a Loan Party, in each case since the

 

58

date of the most recent report delivered pursuant to this clause (iii) (or, in the case of the
first such report so delivered, since the Closing Date);

          (c) as soon as available, and in any event no later than 45 days after the end of each fiscal
year of the Borrower, a detailed consolidated budget for the following fiscal year (including a
projected consolidated balance sheet of the Borrower and its Subsidiaries as of the end of the
following fiscal year, the related consolidated statements of projected cash flow and projected
income and a description of the underlying assumptions applicable thereto), and, as soon as
available, significant revisions, if any, of such budget and projections with respect to such
fiscal year (collectively, the “Projections”), which Projections shall in each case be accompanied
by a certificate of the Borrower executed by a Responsible Officer, on behalf of the Borrower,
stating that such Projections are based on reasonable estimates, information and assumptions and
that such Responsible Officer executing such certificate, on behalf of the Borrower, has no reason
to believe that such Projections are incorrect or misleading in any material respect, and that
whether or not any such Projections are in fact achieved are subject to significant uncertainties
and contingencies, many of which are not within the control of the Borrower, and that no assurance
can be given that such Projections will be realized, and actual results may vary from the projected
results and such variations may be material;

          (d) concurrently with the delivery of any financial statements pursuant to Section 6.1(a) or
(b), a narrative discussion and analysis of the financial condition and results of operations of
the Borrower and its Subsidiaries for such fiscal quarter and for the period from the beginning of
the then current fiscal year to the end of such fiscal quarter;

          (e) within five days after the same are filed, copies of all financial statements and reports
that the Borrower may make to, or file with, the SEC;

          (f) to the Administrative Agent on behalf of each Required Lender promptly following receipt
thereof, copies of any documents described in Sections 101(k) or 101(l) of ERISA that, following
reasonable request of the Administrative Agent (which right to request shall be exercised no more
than once during a 12-month period), any Loan Party or any ERISA Affiliate shall have promptly
requested from the administrator or sponsor of a Multiemployer Plan with respect to such
Multiemployer Plan; and

          (g) promptly, subject to applicable confidentiality agreements of the Group Members, such
reasonably available additional financial and other information as any Lender through the
Administrative Agent may from time to time reasonably request.

Documents required to be delivered pursuant to Section 6.1, Section 6.2 or Section 6.7 may be
delivered electronically and if so delivered, shall be deemed to have been delivered on the date
received by the Administrative Agent. Each Lender shall be deemed to have received such documents
on the date on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency
or another relevant website, if any, to which each Lender and the Administrative Agent have access
(whether a commercial or governmental third-party website or whether sponsored by the
Administrative Agent); provided, that the Borrower shall notify (which may be by facsimile or
electronic mail) the Administrative Agent of the posting of any such documents and, at the request
of the Administrative Agent, provide by electronic mail electronic versions (i.e., soft copies) of
such documents.

          6.3. Payment of Obligations. Pay, discharge or otherwise satisfy at or before
maturity or before they become delinquent, as the case may be, all its material obligations in
respect of taxes, assessments and governmental charges or levies of whatever nature, except where
the amount or validity

 

59

thereof is currently being contested in good faith by appropriate proceedings and reserves in
conformity with GAAP with respect thereto have been provided on the books of the Borrower and its
Subsidiaries.

          6.4. Maintenance of Existence; Compliance. (a)(i) Preserve, renew and keep in full
force and effect its organizational existence and (ii) take all reasonable action to maintain all
rights, privileges and franchises necessary or desirable in the normal conduct of its business,
except, in each case, as otherwise permitted by Section 7.4 and except, in the case of clause (ii)
above, to the extent that failure to do so could not reasonably be expected to have a Material
Adverse Effect; and (b) comply in all material respects with all Requirements of Law.

          6.5. Maintenance of Property; Insurance. (a) Keep all property useful and necessary
in its business in good working order and condition, ordinary wear and tear excepted except as
could not reasonably be expected to have a Material Adverse Effect and (b) maintain with
financially sound and reputable insurance companies insurance on all its property in at least such
amounts and against at least such risks (but including in any event public liability, product
liability and business interruption) as are usually insured against in the same general area by
companies engaged in the same or a similar business.

          6.6. Inspection of Property; Books and Records; Discussions. (a) Keep proper books
of record and account in which full, true and correct entries are made of all dealings and
transactions in relation to its business and activities and (b) permit representatives of the
Agents or any Lender (subject to reasonable confidentiality agreements) to visit and inspect any of
its properties and examine and make abstracts from any of its books and records at any reasonable
time upon reasonable notice and as often as may reasonably be desired and to discuss the business,
operations, properties and financial and other condition of the Group Members with officers and
managerial employees of the Group Members and with their independent certified public accountants,
provided that an officer of the Borrower shall be provided reasonable opportunity to participate in
any such discussion with the accountants; provided further that such inspections shall be
coordinated through the Administrative Agent so that in the absence of an Event of Default, not
more than one such inspection shall occur in any calendar year. The Agents and the Lenders agree
to use reasonable efforts to coordinate and manage the exercise of their rights under this Section
6.6 so as to minimize the disruption to the business of the Borrower and its Subsidiaries resulting
therefrom.

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

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

     (b) any litigation or proceeding affecting any Loan Party (i) in which the
amount involved is $10,000,000 or more and not covered by insurance, (ii) in which
injunctive or similar relief is sought or (iii) which relates to any Loan Document;

     (c) the occurrence of any ERISA Event that, alone or together with any other
ERISA Event(s) that have occurred, could reasonably be expected to result in
liability of any Loan Party or any of its ERISA Affiliates in an aggregate amount
exceeding $10,000,000; and

     (d) any development or event that has had or could reasonably be expected to
have a Material Adverse Effect.

Each notice pursuant to this Section 6.7 shall be accompanied by a statement of a Responsible
Officer setting forth details of the occurrence referred to therein and stating what action the
relevant Loan Party proposes to take with respect thereto.

 

60

          6.8. Environmental Laws. Except as, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect:

     (a) comply with, and take all commercially reasonable steps to ensure
compliance by all tenants and subtenants, if any, with, all applicable Environmental
Laws, and obtain and comply with and maintain, and take all commercially reasonable
steps to ensure that all tenants and subtenants obtain and comply with and maintain,
any and all licenses, approvals, notifications, registrations or permits required by
applicable Environmental Laws.

     (b) conduct and complete all investigations, studies, sampling and testing, and
all remedial, removal and other actions required under Environmental Laws and
promptly comply with all lawful orders and directives of all Governmental
Authorities regarding Environmental Laws.

          6.9. Additional Collateral, etc. (a) With respect to any property acquired after the
Closing Date by any Loan Parties (other than (x) any property described in paragraph (b) below and
(y) any property constituting Excluded Property) as to which the Collateral Agent, for the benefit
of the Secured Parties, does not have a perfected Lien, promptly (i) execute and deliver to the
Administrative Agent such amendments to the Security Documents or such other documents as the
Administrative Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit
of the Secured Parties, a security interest in such property and (ii) take all actions necessary or
advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected
first priority security interest under the laws of the United States in such property, including
the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required
by the Security Documents or by law or as may be requested by the Administrative Agent.

          (b) (i) As soon as possible (and in no event later than 45 days after the delivery of any
financial statements under subsection 6.1(a) or (b), for any fiscal period, in the case of
Subsidiaries referred to in the following clause (A) which period may be extended by the
Administrative Agent from time to time in its discretion), cause (A) all of the Capital Stock
(other than Excluded Property) owned directly or indirectly by the Borrower of each of the
Borrower’s direct or indirect Domestic Subsidiaries (other than any Excluded Subsidiary or
Immaterial Subsidiary) to be pledged to the Collateral Agent, pursuant to an amendment to the
Security Documents reasonably requested by the Administrative Agent, (B) if requested by the
Administrative Agent, cause all of the Capital Stock (other than Excluded Property) owned directly
or indirectly by the Borrower of any of the Borrower’s direct or indirect Domestic Subsidiaries
(other than any Excluded Subsidiary and whether or not such Domestic Subsidiary is an Immaterial
Subsidiary) to be pledged to the Collateral Agent pursuant to an amendment to the Security
Documents reasonably requested by the Administrative Agent, (C) 65% of the voting Capital Stock and
all non-voting Capital Stock (other than Excluded Property) of each of the Borrower’s or any of its
Domestic Subsidiaries’ direct Foreign Subsidiaries which are not Immaterial Subsidiaries (or such
lesser amount as may be owned by the Borrower and its Domestic Subsidiaries), to be pledged to the
Collateral Agent pursuant to the Security Documents, for the ratable benefit of the Secured
Parties, pursuant to an amendment to the Security Documents reasonably requested by the
Administrative Agent and (D) the Administrative Agent to receive legal opinions of counsel to the
Borrower acceptable to the Administrative Agent covering such matters in respect of such pledges as
the Administrative Agent shall reasonably request.

     (ii) Notwithstanding the foregoing, cause the Capital Stock of any Special
Purpose Subsidiary or Subsidiary of the Borrower which acts as a purchaser of

 

61

receivables for a receivables securitization program of the Borrower and its
Domestic Subsidiaries to be pledged as Collateral pursuant to the Security
Documents.

          (c) As soon as possible, cause (i) each of the Borrower’s direct or indirect Domestic
Subsidiaries (other than (A) an Excluded Subsidiary, (B) an Immaterial Subsidiary (provided that
all Immaterial Subsidiaries excluded under this clause (B) and clause (b) of the definition of
“Guarantor” shall not at any time contribute in the aggregate more than 5% of Consolidated Assets
or more than 5% of Consolidated Revenues), (C) a joint venture in which not more than 85% of the
aggregate Capital Stock of such joint venture is held by the Loan Parties in the aggregate or (D) a
direct holding company of one or more joint ventures under clause (C) hereof, provided that
such holding company does not engage in any business or own any assets other than owning the
Capital Stock of such joint ventures) to become a Guarantor by executing and delivering a joinder
or assumption agreement to the Guarantee and Collateral Agreement in a form reasonably requested by
the Administrative Agent if such Subsidiary is not then a Guarantor and (ii) opinions of counsel to
the Borrower, in form and substance reasonably satisfactory to the Administrative Agent, covering
such matters in respect of the Guarantee and Collateral Agreement as the Administrative Agent shall
reasonably request to be delivered to the Administrative Agent.

          (d) With respect to any fee interest in any real property having a fair market value (together
with improvements thereof) in the good faith estimation of the Borrower of at least $5,000,000 or
otherwise not constituting Excluded Property acquired after the Closing Date by any Loan Party
(other than any such real property subject to a Lien expressly permitted by Section 7.3(g)), as
soon as reasonably possible and in any event within 60 days after such acquisition (i) execute and
deliver a Mortgage, in favor of the Collateral Agent, for its benefit, for the benefit of the
Administrative Agent and for the benefit of the Lenders, covering such real property, creating a
Lien on such real property prior and superior in right to all other Liens on such real property
(except Liens permitted by Section 7.3), (ii) if reasonably requested by the Administrative Agent,
provide the Collateral Agent, for its benefit, for the benefit of the Administrative Agent and for
the benefit of the Lenders with (x) a binding pro forma mortgagee’s title insurance policy or
marked-up unconditional commitment to issue such insurance covering such real property in an amount
equal to the purchase price of such real property (or such lesser amount as shall be reasonably
specified by the Administrative Agent) as well as a current map or plat of an as-built survey
thereof, together with a surveyor’s certificate and (y) any consents or estoppels reasonably deemed
necessary by the Administrative Agent in connection with such Mortgage, each of the foregoing in
form and substance reasonably satisfactory to the Administrative Agent and (iii) if requested by
the Administrative Agent, deliver to the Agents legal opinions relating to the matters described
above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to
the Administrative Agent.

          6.10. Post-Closing Matters. (a) Maintain at all times substantially all of the cash
and Cash Equivalents of the Loan Parties (other than cash and Cash Equivalents which are pledged to
third parties to secure obligations of the Loan Parties) at an account or accounts with the
Administrative Agent or any other financial institution that has entered into a control agreement
in form and substance reasonably satisfactory to the Administrative Agent; provided, that (i) the
Loan Parties may maintain accounts with financial institutions other than the Administrative Agent
and not subject to control agreements consisting of (A) payroll accounts, which accounts shall at
no time contain more cash than is necessary to meet the periodic payroll obligations of the
Borrower and its Subsidiaries, (B) accounts with balances up to $10,000,000 in the aggregate, (C)
trust accounts, so long as such trust accounts only contain funds of third parties and (D)
accounts, if any, maintained in connection with employee benefit plans, so long as such accounts
contain only funds required to be maintained by such employee benefit plans.

 

62

          (b) Cause the post-closing matters identified on Schedule 6.10 to be completed on or before
the date set forth on Schedule 6.10 for the relevant post-closing matter (which date may be
extended by the Administrative Agent from time to time in its discretion).

SECTION 7. NEGATIVE COVENANTS

          Each Loan Party hereby jointly and severally agrees that, commencing on the Closing Date and
so long as the Commitments remain in effect, any Letter of Credit remains outstanding or any Loan
or other amount is owing to any Lender or the Administrative Agent hereunder, they shall not, and
shall not permit any of its Subsidiaries to, directly or indirectly:

          7.1. Financial Covenants.

          (a) Consolidated Leverage Ratio. Permit, on the last day of any fiscal quarter
beginning with the first fiscal quarter end date following the Closing Date, the Consolidated
Leverage Ratio for the four consecutive fiscal quarters of the Borrower ending with such fiscal
quarter end date to exceed the amount set forth opposite such fiscal quarter below:

	 	 	 	 	 
	Fiscal Quarter	 	Consolidated Leverage Ratio
	Q4 2009
	 	 	7.50	 
	Q1 2010
	 	 	7.50	 
	Q2 2010
	 	 	6.00	 
	Q3 2010
	 	 	4.75	 
	Q4 2010
	 	 	3.50	 
	Q1 2011
	 	 	2.75	 
	Q2 2011
	 	 	2.50	 
	Q3 2011
	 	 	2.25	 
	Q4 2011 and each fiscal
quarter thereafter
	 	 	2.00	 

          (b) Interest Coverage. Permit, on the last day of any fiscal quarter beginning with
the first fiscal quarter end date following the Closing Date, the Interest Coverage Ratio for the
four consecutive fiscal quarters of the Borrower ending with such fiscal quarter end date to be
less than the amount set forth opposite such fiscal quarter below:

          Fiscal Quarter

     Interest Coverage Ratio

 

63

	 	 	 	 	 
	Fiscal Quarter	 	Interest Coverage Ratio
	Q4 2009
	 	 	1.25	 
	Q1 2010
	 	 	1.25	 
	Q2 2010
	 	 	1.50	 
	Q3 2010
	 	 	1.75	 
	Q4 2010
	 	 	2.50	 
	Q1 2011 and each fiscal
quarter thereafter
	 	 	3.00	 

          (c) Capital Expenditures. Permit the aggregate amount of Capital Expenditures made by
the Loan Parties during any fiscal year set forth below to exceed the amount set forth opposite
such fiscal year:

	 	 	 	 	 
	 	 	Maximum Capital Expenditure
	Fiscal Year	 	Amount ($)
	2010
	 	 	200,000,000	 
	2011
	 	 	215,000,000	 
	2012
	 	 	250,000,000	 
	2013
	 	 	275,000,000	 
	2014
	 	 	300,000,000	 

; provided, that (a) up to 100% of any such amount referred to above, if not expended in the fiscal
year for which it is permitted, may be carried over for expenditure in the next succeeding fiscal
year and (b) Capital Expenditures made pursuant to this Section during any fiscal year shall be
deemed made, first, in respect of amounts permitted for such fiscal year as provided above and,
second, in respect of amounts carried over from the prior fiscal year pursuant to clause (a) above.

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

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

     (b) intercompany Indebtedness incurred pursuant to any Investment permitted by
Section 7.7(f) so long as any such Indebtedness owing by a Loan Party to any Person
other than a Loan Party shall, in each case, be evidenced by an Intercompany
Subordinated Note (other than, and solely to the extent that, such Intercompany
Subordinated Note would be prohibited by any law or regulation of a jurisdiction
where any such Person that is a Foreign Subsidiary is located or organized);

 

64

     (c) unsecured Guarantee Obligations incurred in the ordinary course of business
or with respect to Indebtedness permitted pursuant to this Agreement by (i) the
Borrower or any of its Subsidiaries of obligations of the Borrower or any Guarantor
or (ii) any Subsidiary that is not Loan Party of any obligations of a Subsidiary
that is not a Loan Party;

     (d) Indebtedness outstanding on the Closing Date (after giving effect to the
occurrence of the Effective Date) and listed on Schedule 7.2(d);

     (e) Indebtedness (including, without limitation, Capital Lease Obligations)
secured by Liens permitted by Section 7.3(g) in an aggregate principal amount not to
exceed $75,000,000 at any one time outstanding;

     (f) additional Indebtedness of the Borrower or any of its Subsidiaries in an
aggregate principal amount not to exceed (x) with respect to the Loan Parties,
$100,000,000 and (y) with respect to Subsidiaries that are not Loan Parties,
$150,000,000, in each case, at any one time outstanding; provided that the aggregate
principal amount of Indebtedness under clauses (x) and (y) shall not exceed
$200,000,000 at any one time outstanding;

     (g) Indebtedness of the Borrower or any of its Subsidiaries in respect of
workers’ compensation claims, self-insurance obligations, performance, bid and
surety bonds and completion guaranties, in each case in the ordinary course of
business;

     (h) Indebtedness of the Borrower or any of its Subsidiaries arising from the
honoring by a bank or other financial institution of a check, draft or similar
instrument inadvertently drawn by the Borrower or such Subsidiary in the ordinary
course of business against insufficient funds, so long as such Indebtedness is
repaid within five Business Days;

     (i) letters of credit issued for the account of any Group Member (including
Specified Letters of Credit), so long as the sum of (i) the aggregate undrawn face
amount thereof, (ii) any unreimbursed obligations in respect thereof and (iii) the
aggregate amount of pledges and deposits made pursuant to Section 7.3(t) below does
not exceed the LC Basket Limit at any time;

     (j) obligations of Chinese Subsidiaries in respect of Chinese Acceptance Notes
in the ordinary course of business;

     (k) Indebtedness of a joint venture (including a joint venture which is treated
as a Subsidiary as a result of FASB Interpretation No. 46 issued by the Financial
Accounting Standards Board) as long as such Indebtedness is non-recourse to the
Borrower or any other Subsidiary of the Borrower in an aggregate principal amount
not to exceed $150,000,000 at any time;

     (l) Indebtedness incurred by any Group Member other than a Loan Party pursuant
to working capital lines of credit or any overdraft line or other cash management
system in an aggregate outstanding principal amount for all such Group Members at
the close of business on any day not to exceed $150,000,000;

 

65

     (m) (i) Indebtedness of the Borrower in respect of Permitted Second Lien
Indebtedness in an aggregate principal amount not to exceed $600,000,000, plus any
additional principal amount from interest thereon that is paid-in-kind, and (ii)
Guarantee Obligations of any Guarantor in respect of such Indebtedness;

     (n) Indebtedness under tax-favored or government-sponsored financing
transactions; provided that (i) the terms of such transactions and the Group Members
party thereto have been approved by the Administrative Agent, (ii) such Indebtedness
is not senior in right of payment to the Obligations, (iii) any Lien on Collateral
arising pursuant to such transactions is subordinated to the Liens on the Collateral
securing the Obligations and (iv) the aggregate principal amount of such
Indebtedness shall not exceed $75,000,000 at any time;

     (o) Indebtedness incurred by any Group Member in order to finance Permitted
Acquisitions;

     (p) Seller Debt and Earn-outs incurred in connection with Permitted
Acquisitions; provided, that such Seller Debt or Earn-outs shall be
subordinated and/or restricted in a manner reasonably satisfactory to the
Administrative Agent at the time they are contemplated to be incurred;

     (q) Indebtedness of a Subsidiary of the Borrower acquired pursuant to a
Permitted Acquisition (or Indebtedness assumed at the time of a Permitted
Acquisition of an asset securing such Indebtedness); provided that (i) such
Indebtedness was not incurred in connection with, or in anticipation or
contemplation of, such Permitted Acquisition, and (ii) such Indebtedness does not
constitute debt for borrowed money, it being understood and agreed that Capitalized
Lease Obligations and purchase money Indebtedness shall not constitute debt for
borrowed money for purposes of this subclause (ii);

     (r) contingent obligations with respect to customary indemnification
obligations in favor of sellers in connection with Acquisitions permitted under
Section 7.7 and purchasers in connection with Dispositions permitted under Section
7.5;

     (s) provided that no Event of Default shall have occurred and be continuing or
would occur as a consequence thereof, Indebtedness which serves to refund, replace,
extend repurchase, redeem or refinance any Indebtedness permitted under paragraphs
(d), (e), (f), (o), (p) or (q) above, or any Indebtedness issued to so refund,
replace, extend, repurchase or refinance such Indebtedness, including, in each case,
additional Indebtedness incurred to pay premiums (including tender premiums),
defeasance costs and fees and expenses in connection therewith (collectively, the
“Permitted Refinancing Indebtedness”) at or prior to its respective maturity;
provided, however, that:

     (i) the weighted average life to maturity of such Permitted Refinancing
Indebtedness shall not be shorter than the weighted average life to maturity of such
refinanced Indebtedness at the time of such refunding or refinancing;

     (ii) to the extent such Permitted Refinancing Indebtedness refinances
Indebtedness subordinated or pari passu to the Obligations, such Permitted
Refinancing Indebtedness is subordinated or pari passu to the Obligations at least
to the same extent as the Indebtedness being refunded or refinanced;

 

66

     (iii) such Permitted Refinancing Indebtedness shall not be in a principal
amount in excess of the principal amount of, premium, if any, accrued interest on,
and related fees and expenses of, the Indebtedness being refunded, replaced,
extended, repurchased, redeemed or refinanced (including any premium, expenses,
costs and fees incurred in connection with such refund, replacement or refinancing);

     (iv) the obligors in respect of such Permitted Refinancing Indebtedness
(including in their capacities as primary obligor and guarantor) are the same as for
the Indebtedness being refinanced; and

     (v) any Liens securing such Permitted Refinancing Indebtedness are not extended
to any property which does not secure the Indebtedness being refinanced; and

     (t) unsecured Indebtedness and unsecured Guarantee Obligations of any Loan
Party in respect of such unsecured Indebtedness so long as the Net Cash Proceeds
thereof are applied to prepay the Loans in accordance with Section 2.9(a).

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

     (a) Liens for taxes not yet due or that are being contested in good faith by
appropriate proceedings, provided that adequate reserves with respect
thereto (if required by GAAP) are maintained on the books of the Borrower or its
Subsidiaries, as the case may be, in conformity with GAAP (or, in the case of
Foreign Subsidiaries, generally accepted accounting principles in effect from time
to time in their respective jurisdiction of organization);

     (b) landlord’s carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s, supplier, construction or other like Liens in the ordinary course of
business that are not overdue for a period of more than 45 days or that are being
bonded or contested in good faith by appropriate proceedings;

     (c) (i) pledges or deposits made in connection with workers’ compensation,
unemployment insurance and other social security legislation, and (ii) Liens (A) of
a collecting bank arising in the ordinary course of business under Section 4-210 of
the Uniform Commercial Code in effect in the relevant jurisdiction covering only the
items being collected upon or (B) in favor of a banking institution or financial
intermediary, encumbering amounts credited to deposit or securities accounts
(including the right of set-off) arising in the ordinary course of business in
connection with the maintenance of such accounts;

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

     (e) zoning restrictions, survey exceptions and such matters as an accurate
survey would disclose, mortgage rights, easements, rights-of-way, restrictions and
other similar encumbrances incurred in the ordinary course of business that, in the
aggregate, are not substantial in amount and that do not in any case materially
detract from the value

 

67

of the property subject thereto or materially interfere with the ordinary
conduct of the business of the Borrower or any of its Subsidiaries;

     (f) Liens in existence on the Closing Date (after giving effect to the
occurrence of the Effective Date) and listed on Schedule 7.3(f) and extensions,
renewals and replacements of any such Liens so long as the principal amount of
Indebtedness or other obligations secured thereby is not increased and so long as
such Liens are not extended to any other property of the Borrower or any of its
Subsidiaries;

     (g) Liens securing Indebtedness of the Borrower or any other Subsidiary
incurred pursuant to Section 7.2(e) to finance the acquisition of fixed or capital
assets; provided that (i) such Liens shall be created within 90 days of the
acquisition of such fixed or capital assets, (ii) such Liens do not at any time
encumber any property other than the property financed by such Indebtedness and
proceeds thereof and (iii) the amount of Indebtedness secured thereby is not
increased and extensions, renewals and replacements of any such Liens so long as the
principal amount of Indebtedness or other obligations secured thereby is not
increased and so long as such Liens are not extended to any other property of the
Borrower or any of its Subsidiaries;

     (h) Liens created pursuant to the Loan Documents;

     (i) any interest or title of a lessor under any lease entered into by the
Borrower or any other Subsidiary in the ordinary course of its business and covering
only the assets so leased;

     (j) Liens with respect of leases, licenses, sublicenses or subleases granted to
others not interfering in any material respect with the businesses of the Borrower
or any of its Subsidiaries;

     (k) Liens with respect to operating leases not prohibited under this Agreement
and entered into in the ordinary course of business;

     (l) Liens not otherwise permitted by this Section so long as neither (i) the
aggregate outstanding principal amount of the obligations secured thereby nor (ii)
the aggregate fair market value (determined as of the date such Lien is incurred) of
the assets subject thereto exceeds (as to the Borrower and all Subsidiaries)
$50,000,000 at any one time; provided that not more than $35,000,000 of such
basket amount shall be available for Liens securing Indebtedness of the Borrower and
its Subsidiaries;

     (m) Liens on the assets of a Foreign Subsidiary and its Subsidiaries securing
obligations of such Persons that are not prohibited by Section 7.2 so long as the
aggregate outstanding principal amount of the obligations for borrowed money secured
thereby does not exceed (as to all Foreign Subsidiaries) $75,000,000 at any one
time;

     (n) receipt of progress payments and advances from customers in the ordinary
course of business to the extent same creates a Lien on the related inventory and
proceeds thereof;

     (o) Liens on the assets of joint ventures and their Subsidiaries securing
obligations of such Persons that are not prohibited by Section 7.2 so long as such
Liens do not encumber any assets or property of the Borrower or its other
Subsidiaries;

 

68

     (p) attachment, judgment or other similar Liens securing judgments or decrees
not constituting an Event of Default under Section 8.1(h) or securing appeal or
other surety bonds related to such judgments or decrees;

     (q) Liens securing obligations (other than obligations representing
Indebtedness for borrowed money) under operating, reciprocal easement or similar
agreements entered into in the ordinary course of business;

     (r) statutory Liens and rights of offset arising in the ordinary course of
business of the Borrower and its Subsidiaries;

     (s) Liens on assets of Foreign Subsidiaries securing Indebtedness of a Foreign
Subsidiary permitted by Sections 7.2(f) and 7.2(k) and securing other obligations
under the agreements governing or relating to such Indebtedness, so long as such
Liens do not encumber the Capital Stock of the Borrower or any of its Subsidiaries;

     (t) pledges or deposits made to support any obligations of the Group Members
(including cash collateral to secure obligations under letters of credit permitted
pursuant to Section 7.2(i)) so long as (without duplication) the sum of (i) the
aggregate undrawn face amount of letters of credit permitted pursuant to Section
7.2(i) above, (ii) any unreimbursed obligations in respect of letters of credit
permitted pursuant to Section 7.2(i) above and (iii) the aggregate amount of such
pledges and deposits does not exceed the limit set forth in Section 7.2(i);

     (u) Liens arising in connection with financing transactions permitted by
Section 7.2(n), provided that such liens do not at any time encumber any property
unless approved by the Administrative Agent and such Liens otherwise comply with
Section 7.2(n);

     (v) Liens on the Collateral (or any portion thereof) securing the obligations
under Permitted Second Lien Indebtedness; provided that such Liens are subordinated
pursuant to the Intercreditor Agreement;

     (w) Liens on property or assets acquired pursuant to a Permitted Acquisition,
or on property or assets of a Subsidiary of the Borrower in existence at the time
such Subsidiary is acquired pursuant to a Permitted Acquisition; provided that (i)
any Indebtedness that is secured by such Liens is permitted to exist under Section
7.2(q), and (ii) such Liens are not incurred in connection with, or in contemplation
or anticipation of, such Permitted Acquisition and do not attach to any other asset
of the Borrower or any of its Subsidiaries and extensions, renewals and replacements
of any such Liens so long as the principal amount of Indebtedness or other
obligations secured thereby is not increased and so long as such Liens are not
extended to any other property of the Borrower or any of its Subsidiaries;

     (x) statutory Liens and Liens granted by any orders in any proceeding in
connection with the CCAA Cases, in each case on any assets of any Canadian
Subsidiary of the Borrower;

     (y) Liens on receivables and customary related assets subject to a Receivable
Financing Transaction; and

 

69

     (z) the exchange or transfer within China of Chinese Acceptance Notes by
Chinese Subsidiaries of the Borrower in the ordinary course of business.

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

     (a) any Subsidiary of the Borrower may be merged, consolidated with or into or
transferred to the Borrower (provided that the Borrower shall be the
continuing or surviving corporation) or with, into or to any Guarantor
(provided that the Guarantor shall be the continuing or surviving
corporation or simultaneously therewith, the continuing corporation shall become a
Guarantor);

     (b) any Subsidiary of the Borrower that is not a Loan Party may be merged,
consolidated, amalgamated, liquidated, wound-up, dissolved or all or substantially
all of its property or business Disposed of with, into or to a Subsidiary that is
not a Loan Party;

     (c) any Subsidiary of the Borrower may Dispose of any or all of its assets to
the Borrower or any Guarantor (upon voluntary liquidation or otherwise);

     (d) any Disposition otherwise permitted pursuant to Section 7.5 may be
completed; and

     (e) any Permitted Acquisition otherwise permitted pursuant to Section 7.7 may
be completed.

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

     (a) the Disposition of obsolete or worn out property or property no longer
useful in the business of the Borrower and its Subsidiaries, in each case in the
ordinary course of business;

     (b) the Disposition of inventory or Cash Equivalents in the ordinary course of
business;

     (c) Dispositions permitted by Section 7.4(c), Restricted Payments permitted by
Section 7.6 and Investments permitted by Section 7.7;

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

     (e) the licensing and cross-licensing arrangements of technology or other
intellectual property in the ordinary course of business;

     (f) the Disposition of any property or assets (i) to any Loan Party and (ii) by
any Subsidiary that is not a Loan Party to any other Subsidiary that is not a Loan
Party;

     (g) transfers of property as a result of any Recovery Event;

 

70

     (h) leases, occupancy agreements and subleases of property in the ordinary
course of business;

     (i) the Disposition by the Borrower and certain of its Subsidiaries of account
receivables of General Motors Corporation, Chrysler LLC and their affiliates and
customary related property to special purpose vehicles established by General Motors
Corporation and Chrysler LLC pursuant to the United States Department of the
Treasury’s Auto Supplier Support Programs;

     (j) the Disposition of receivables and customary related assets (i) in
connection with a Receivables Financing Transaction or (ii) pursuant to factoring
programs on customary market terms for such transactions and with respect to
receivables of, and generated by, Group Members that are not Loan Parties;

     (k) the Disposition for fair market value of certain assets in Sweden related
to the transfer of certain programs to a competitor as previously disclosed to the
Administrative Agent;

     (l) the exchange or transfer within China of Chinese Acceptance Notes by
Chinese Subsidiaries of the Borrower; and

     (m) the Disposition of other property (other than receivables and customary
related assets) having a fair market value not to exceed 5% of Consolidated Total
Tangible Assets in the aggregate during any fiscal year of the Borrower; provided
that the Net Cash Proceeds thereof are applied to prepay the Loans to the extent
required by Section 2.9(b).

          7.6. Restricted Payments. Declare or pay any dividend (other than dividends payable
solely in common stock of the Person making such dividend) on, or make any payment on account of,
or set apart assets for a sinking or other analogous fund for, the purchase, redemption,
defeasance, retirement or other acquisition of, any Capital Stock of the Borrower or any Subsidiary
of the Borrower, whether now or hereafter outstanding, or make any other distribution in respect
thereof, either directly or indirectly, whether in cash or property or in obligations of the
Borrower or any Subsidiary of the Borrower (collectively, “Restricted Payments”), except that (a)
any Subsidiary may make Restricted Payments to any Loan Party, (b) any Subsidiary may make
Restricted Payments to the Group Member that is its parent company so long as, in the case of any
Restricted Payment made by a Loan Party, such parent company is also a Loan Party, (c) any
Subsidiary may make Restricted Payments with respect to the Capital Stock of such Subsidiary,
provided that each Group Member shareholder of such Subsidiary receives at least its ratable share
thereof, (d) in accordance with the excess cash paydown provisions contemplated by the Plan of
Reorganization, the Borrower may make payments with respect to the Series A Preferred Stock in an
aggregate amount not to exceed $50,000,000 and (e) the Borrower may pay cash in lieu of fractional
shares in connection with any conversion of Series A Preferred Stock or warrants in accordance with
its terms, provided that the aggregate amount of cash payments under this clause (e) shall not
exceed $100,000 in any fiscal quarter of the Borrower. Notwithstanding the foregoing, the cashless
exercise of stock options granted pursuant to any employee benefit plan shall not be construed as a
Restricted Payment.

          7.7. Investments. Make any Investment except:

     (a) extensions of trade credit in the ordinary course of business;

 

71

     (b) Investments in Cash Equivalents;

     (c) Guarantee Obligations permitted by Section 7.2;

     (d) loans and advances to employees or directors of any Group Member in the
ordinary course of business (including for travel, entertainment and relocation
expenses);

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

     (f) intercompany Investments by (i) any Group Member in the Borrower or any
Person that, prior to such investment, is a Guarantor, (ii) by any Subsidiary that
is not a Loan Party in any other Subsidiary that is not a Loan Party, (iii) by any
Loan Party in a Foreign Subsidiary to fund in the ordinary course of business
foreign operations and (iv) by any Loan Party in any Subsidiary that is not a Loan
Party, provided that the aggregate amount of Investments under clause (iv) in
Subsidiaries that are organized under the laws of a Specified Jurisdiction shall not
exceed $250,000,000 at any one time outstanding in the aggregate plus, without
duplication, all cash returns of principal or capital, cash dividends and other cash
returns received by any Loan Party after the date hereof from any Subsidiary that is
organized under the laws of a Specified Jurisdiction;

     (g) Investments consisting of Indebtedness permitted by Section 7.2;

     (h) prepaid expenses and lease, utility, workers, compensation, performance and
other similar deposits made in the ordinary course of business;

     (i) Investments (including debt obligations) received in the ordinary course of
business by the Borrower or any Subsidiary in connection with the bankruptcy or
reorganization of suppliers and customers and in settlement or delinquent
obligations of, and other disputes with, customers and suppliers arising out of the
ordinary course of business;

     (j) Investments in existence on the Closing Date;

     (k) Investments in Greenfield Holdings, LLC and Integrated Manufacturing and
Assembly L.L.C. to the extent that such Investments are made in the ordinary course
of a Loan Party’s business, for cash management purposes and not exceeding
$50,000,000 at any one time outstanding plus, without duplication, all cash returns
of principal or capital, cash dividends and other cash returns received by any Loan
Party after the date hereof from Greenfield Holdings, LLC or Integrated
Manufacturing and Assembly L.L.C.;

     (l) the Disposition or contribution by the Borrower and certain of its domestic
Subsidiaries of certain metals and electronics assets to its existing Subsidiaries
consistent with the restructuring plan including in the financial projections; and

     (m) Swap Agreements permitted by Section 7.9;

 

72

     (n) Investments in Special Purpose Subsidiaries arising or made under
Receivable Financing Transactions;

     (o) Permitted Acquisitions; and

     (p) in addition to Investments otherwise expressly permitted by this Section,
Investments by the Borrower or any of its Subsidiaries in an aggregate amount not to
exceed $200,000,000 at any one time outstanding.

          7.8. Transactions with Affiliates. Enter into any transaction, including any
purchase, sale, lease or exchange of property, the rendering of any service or the payment of any
management, advisory or similar fees, with any Affiliate (other than transactions among Group
Members) unless such transaction (a) is otherwise permitted under this Agreement, (b) is in the
ordinary course of business of the relevant Group’s Member, upon fair and reasonable terms no less
favorable to the relevant Group Member than it would obtain in a comparable arm’s length
transaction with a Person that is not an Affiliate; or (c) involves any Lender or Agent (or their
Affiliates) in its capacity as Lender or Agent under this Agreement.

          7.9. Swap Agreements. Enter into any Swap Agreement except (a) Swap Agreements
entered into to hedge or mitigate risks to which any Group Member has actual exposure (other than
those in respect of Capital Stock of any Person) and (b) Swap Agreements entered into in order to
effectively cap, collar or exchange interest rates (from fixed to floating rates, from one
floating rate to another floating rate or otherwise) with respect to any interest-bearing liability
or investments of any Group Member, provided that in each case such agreements are not entered into
for speculative purposes.

          7.10. Changes in Fiscal Periods. Permit the fiscal year of the Borrower to end on a
day other than December 31.

          7.11. Negative Pledge Clauses. Enter into or permit to exist or become effective any
agreement that prohibits or limits (other than a dollar limit, provided that such dollar limit is
sufficient in amount to allow at all times the Liens to secure the obligations under the Loan
Documents in full) the ability of any Loan Party to create, incur, assume or suffer to exist any
Lien upon any of its property or revenues, whether now owned or hereafter acquired, to secure its
obligations under the Loan Documents to which it is a party other than (a) this Agreement and the
other Loan Documents, (b) any agreements governing any purchase money Liens or Capital Lease
Obligations otherwise permitted hereby or any other secured obligation (other than Indebtedness for
borrowed money) permitted by Section 7.3(c), (d), (t), (w) or (y) (in which case, any prohibition
or limitation shall only be effective against (x) in the case of purchase money Liens or Capital
Lease Obligations, the assets financed thereby and proceeds thereof and (y) in the case of other
secured obligations, the specific assets subject to the Lien securing such obligation), (c) the
Second Lien Term Loan Documents and any agreement governing Permitted Second Lien Indebtedness
(provided that the prohibition or limitation contained therein is no less favorable to the Lenders
than that which exists in the Second Lien Term Loan Documents) , any agreement governing any
Indebtedness existing as of the Closing Date and any agreement governing any Permitted Refinancing
Indebtedness of such Indebtedness existing as of the Closing Date (provided that the prohibition or
limitation contained therein is no less favorable to the Lenders than that which exists in the
agreement governing such Indebtedness as of the Closing Date), (d) customary provisions in joint
venture agreements and similar agreements that restrict the transfer of assets of, or equity
interests in, joint ventures, (e) customary provisions in any agreements governing any Receivable
Financing Transaction (in which case, any prohibition or limitation shall only be effective against
the assets conveyed thereunder), (f) any agreement governing Specified Letters of Credit or any
Specified Swap Agreement containing provisions not more restrictive that the provisions of this
Agreement and (g) licenses or

 

73

sublicenses by the Borrower and its Subsidiaries of intellectual property in the ordinary
course of business (in which case, any prohibition or limitation shall only be effective against
the intellectual property subject thereto).

          7.12. Clauses Restricting Subsidiary Distributions. Enter into or permit to exist or
become effective any consensual encumbrance or restriction on the ability of any Subsidiary of the
Borrower to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held
by, or pay any Indebtedness owed to, the Borrower or any other Loan Party, (b) make loans or
advances to, or other Investments in, the Borrower or any other Loan Party or (c) transfer any of
its assets to the Borrower or any other Loan Party, except for such encumbrances or restrictions
existing under or by reason of (i) any restrictions existing under the Loan Documents, the Second
Lien Term Loan Documents and any agreement governing Permitted Second Lien Indebtedness (provided
that the prohibition or limitation contained therein is no less favorable to the Lenders than that
which exits in the Second Lien Term Loan Documents), any agreement governing any Indebtedness
existing as of the Closing Date and any agreement governing any Permitted Refinancing Indebtedness
of such Indebtedness existing as of the Closing Date (provided that the prohibition or limitation
contained therein is no less favorable to the Lenders than that which exists in the agreement
governing such Indebtedness as of the Closing Date), (ii) customary provisions in joint venture
agreements and similar agreements that restrict the transfer of equity interests in joint ventures
(in which case such restrictions shall relate only to assets of, or equity interests in, such joint
venture or any holding company which may hold the Capital Stock of such joint venture), (iii) any
restrictions regarding licenses or sublicenses by the Borrower and its Subsidiaries of intellectual
property in the ordinary course of business (in which case such restriction shall relate only to
such intellectual property); (iv) customary restrictions and conditions contained in agreements
relating to the sale of all or a substantial part of the capital stock or assets of any Subsidiary
pending such sale, provided such restrictions and conditions apply only to the Subsidiary to be
sold and such sale is permitted hereunder, (v) with respect to restrictions described in clause (a)
of this Section 7.12, restrictions contained in agreements governing Indebtedness permitted by
Section 7.2(c) hereof; and (vi) with respect to restrictions described in clause (c) of this
Section 7.12, restrictions contained in agreements governing Indebtedness permitted by Section
7.2(e) (as long as such restrictions apply to the property financed thereby) and (k) hereof (as
long as such restrictions apply only to the assets of the applicable joint venture).

          7.13. Lines of Business. Enter into any business, either directly or through any
Subsidiary, except for those businesses in which the Borrower and its Subsidiaries are engaged on
the date of this Agreement or that are reasonably related thereto.

          7.14. Use of Proceeds. Use the proceeds of the Loans for purposes other than those
described in Section 4.15.

          7.15. Optional Payments and Modifications in respect of Permitted Second Lien
Indebtedness. Except to the extent permitted by the Intercreditor Agreement, (a) make or offer
to make any payment, prepayment, repurchase or redemption of or otherwise defease or segregate
funds with respect to the Permitted Second Lien Indebtedness other than (i) scheduled payments of
interest, (ii) refinancings thereof to the extent permitted by Section 7.2 and (iii) in accordance
with the excess cash paydown provisions contemplated by the Plan of Reorganization, payments in an
aggregate amount not to exceed $50,000,000 or (b) amend, modify, waive or otherwise change, or
consent or agree to any amendment, modification, waiver or other change to, any of the terms of the
Second Lien Term Loan Documents or the documents governing other Permitted Second Lien Indebtedness
(other than any such amendment, modification, waiver or other change that would extend the maturity
or reduce the amount of any payment of principal thereof or reduce the rate or extend any date for
payment of interest thereon or

 

74

would otherwise constitute a refinancing permitted by Section 7.2 and, in each case, is not
otherwise materially adverse to the Lenders).

          7.16. Sale and Leasebacks. Enter into any arrangement with any Person providing for
the leasing by any Loan Party of real or personal property that has been or is to be sold or
transferred by such Loan Party to such Person or to any other Person to whom funds have been or are
to be advanced by such Person on the security of such property or rental obligations of such Loan
Party unless the Net Cash Proceeds received by such Loan Party have been used to make a prepayment
of the Loans to the extent required by Section 2.9(b) above.

SECTION 8. EVENTS OF DEFAULT

          8.1. Events of Default. If any of the following events shall occur and be continuing
on or after the occurrence of the Closing Date:

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

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

     (c) any Loan Party shall default in the observance or performance of any
agreement contained in clause (i) of Section 6.4(a) (with respect to the Borrower
only), Section 6.7(a) or Section 7 of this Agreement or Section 5.5 of the Guarantee
and Collateral Agreement; or

     (d) any Loan Party shall default in the observance or performance of any other
agreement contained in this Agreement or any other Loan Document (other than as
provided in paragraphs (a) through (c) of this Section), and such default shall
continue unremedied for a period of 30 days after notice thereof from the
Administrative Agent or the Required Lenders to the Borrower; or

     (e) any Group Member (other than an Immaterial Subsidiary) shall (i) default in
making any payment of any principal of any Indebtedness (including any Guarantee
Obligation, but excluding the Loans) on the scheduled or original due date with
respect thereto; or (ii) default in making any payment of any interest on any such
Indebtedness beyond the period of grace, if any, provided in the instrument or
agreement under which such Indebtedness was created; or (iii) default in the
observance or performance of any other agreement or condition relating to any such
Indebtedness or contained in any instrument or agreement evidencing, securing or
relating thereto, or any other event shall occur or condition exist, the effect of
which default or other event or condition is to cause, or to permit the holder or
beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or
beneficiary) to cause, with the giving of notice if required, such Indebtedness to
become due prior to its stated maturity or (in the

 

75

case of any such Indebtedness constituting a Guarantee Obligation) to become
payable; provided, that a default, event or condition described in clause
(i), (ii) or (iii) of this paragraph (e) shall not at any time constitute an Event
of Default unless, at such time, one or more defaults, events or conditions of the
type described in clauses (i), (ii) and (iii) of this paragraph (e) shall have
occurred and be continuing with respect to Indebtedness the outstanding principal
amount (or the termination value, as applicable) of which exceeds in the aggregate
$35,000,000; or

     (f) (i) the Borrower or any of its Subsidiaries (other than 3% Subsidiaries)
shall commence any case, proceeding or other action (A) under any existing or future
law of any jurisdiction, domestic or foreign, relating to bankruptcy,
insolvency, reorganization or relief of debtors, seeking to have an order for relief entered
with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding up, liquidation, dissolution,
composition or other relief with respect to it or its debts, or (B) seeking
appointment of a receiver, trustee, custodian, conservator or other similar official
for it or for all or any substantial part of its assets; or (ii) there shall be
commenced against the Borrower or any of its Subsidiaries (other than 3%
Subsidiaries) any case, proceeding or other action of a nature referred to in clause
(i) above that (A) results in the entry of an order for relief or any such
adjudication or appointment or (B) remains undismissed or undischarged for a period
of 60 days; or (iii) there shall be commenced against the Borrower or any of its
Subsidiaries (other than 3% Subsidiaries) any case, proceeding or other action
seeking issuance of a warrant of attachment, execution, distraint or similar process
against all or any substantial part of its assets that results in the entry of an
order for any such relief that shall not have been vacated, discharged, or stayed or
bonded pending appeal within 60 days from the entry thereof; or (iv) the Board of
Directors of the Borrower shall authorize any action set forth in clause (i) above;
or (v) the Borrower or any of its Subsidiaries (other than 3% Subsidiaries) shall
generally not, or shall be unable to, or shall admit in writing its inability to,
pay its debts as they become due; or (vi) or the Borrower or any of its Subsidiaries
(other than 3% Subsidiaries) shall make a general assignment for the benefit of its
creditors; provided that all 3% Subsidiaries that are subject to any of the
proceedings or actions described in clauses (i) through (vi) of this paragraph (f)
shall not at any time contribute in the aggregate more than 5% of Consolidated
Assets or more than 5% of Consolidated Revenues; or

     (g) (i) an ERISA Event shall have occurred; (ii) a trustee shall be appointed
by a United States district court to administer any Single Employer Plan, (iii) the
PBGC shall institute proceedings to terminate any Single Employer Plan(s); (iv) any
Loan Party or any of their respective ERISA Affiliates shall have been notified by
the sponsor of a Multiemployer Plan that it has incurred or will be assessed
Withdrawal Liability to such Multiemployer Plan and such entity does not have
reasonable grounds for contesting such Withdrawal Liability or is not contesting
such Withdrawal Liability in a timely and appropriate manner; or (v) any other event
or condition shall occur or exist with respect to a Plan; and in each case in
clauses (i) through (v) above, such event or condition, together with all other such
events or conditions, if any, could reasonably be expected to have a Material
Adverse Effect; or

     (h) one or more judgments or decrees shall be entered against any Group Member
involving in the aggregate a liability (excluding any amounts paid or covered by
insurance as to which the relevant insurance company has not denied coverage) of

 

76

$35,000,000 or more, and all such judgments or decrees shall not have been
vacated, discharged, stayed or bonded pending appeal within 60 days from the entry
thereof; or

     (i) any of the Loan Documents shall cease, for any reason, to be in full force
and effect, or any Loan Party or any Affiliate of any Loan Party shall so assert, or
any Liens created by any Loan Documents shall cease to be enforceable and of the
same effect and priority purported to be created thereby other than by reason of the
release thereof in accordance with the terms of the Loan Documents; or

     (j) a Change of Control shall have occurred; or

     (k) the Intercreditor Agreement shall cease, for any reason, to be in full
force and effect or the Liens securing the obligations under the Second Lien Term
Loan Agreement shall cease, for any reason, to be validly subordinated to the Liens
securing the Obligations, or any Loan Party or any Affiliate of any Loan Party shall
assert any of the foregoing;

then, and in any such event, (A) if such event is an Event of Default specified in clause (i) or
(ii) of paragraph (f) above with respect to the Borrower, automatically the Commitments shall
immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing
under this Agreement and the other Loan Documents (including, without limitation, all amounts to be
paid pursuant to Section 2.6(a) and all amounts of Reimbursement Obligations, whether or not the
beneficiaries of the then outstanding Letters of Credit shall have presented the documents required
thereunder) shall immediately become due and payable, and (B) if such event is any other Event of
Default, either or both of the following actions may be taken: (i) with the consent of the
Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the
Administrative Agent shall, by notice to the Borrower declare the Revolving Commitments to be
terminated forthwith, whereupon the Revolving Commitments shall immediately terminate; and (ii)
with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the
Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans
(with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan
Documents (including all amounts of Reimbursement Obligations, whether or not the beneficiaries of
the then outstanding Letters of Credit shall have presented the documents required thereunder) to
be due and payable forthwith, whereupon the same shall immediately become due and payable. With
respect to all Letters of Credit with respect to which presentment for honor shall not have
occurred at the time of an acceleration pursuant to this paragraph, the Borrower shall at such time
deposit in a cash collateral account opened by the Administrative Agent an amount equal to the
aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash
collateral account shall be applied by the Administrative Agent to the payment of drafts drawn
under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall
have expired or been fully drawn upon, if any, shall be applied to repay other obligations of the
Borrower hereunder and under the other Loan Documents. After all such Letters of Credit shall have
expired or been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all
other obligations of the Borrower hereunder and under the other Loan Documents shall have been paid
in full, the balance, if any, in such cash collateral account shall be returned to the Borrower (or
such other Person as may be lawfully entitled thereto). Except as expressly provided above in this
Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived
by the Borrower.

SECTION 9. THE AGENTS

          9.1. Appointment. Each Lender hereby irrevocably designates and appoints the
Administrative Agent as the agent and the Collateral Agent as the collateral agent of such Lender
under

 

77

this Agreement and the other Loan Documents, and each such Lender irrevocably authorizes each
of the Administrative Agent and the Collateral Agent, in its capacity as such, to take such action
on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise
such powers and perform such duties as are expressly delegated to the Administrative Agent and
Collateral Agent, as applicable, by the terms of this Agreement and the other Loan Documents,
together with such other powers as are reasonably incidental thereto. Notwithstanding any
provision to the contrary elsewhere in this Agreement, the Administrative Agent and the Collateral
Agent shall not have any duties or responsibilities, except those expressly set forth herein, or
any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities,
duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or
otherwise exist against the Administrative Agent or the Collateral Agent, as applicable.

          9.2. Delegation of Duties. Each of the Administrative Agent and the Collateral Agent
may execute any of its duties under this Agreement and the other Loan Documents by or through
agents or attorneys in fact and shall be entitled to advice of counsel concerning all matters
pertaining to such duties. Neither Agent shall be responsible for the negligence or misconduct of
any agents or attorneys-in fact selected by it with reasonable care. The exculpatory provisions of
this Agreement and of the other Loan Documents shall apply to any such agent or attorney-in-fact
and to their Related Parties (as defined below).

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

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

 

78

Documents in accordance with a request of the Required Lenders (or, if so specified by this
Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement), and
such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and all future holders of the Loans.

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

          9.6. Non-Reliance on Agents and Other Lenders. Each Lender expressly acknowledges
that neither the Agents nor any of their Related Parties have made any representations or
warranties to it and that no act by the any Agent hereafter taken, including any review of the
affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any
representation or warranty by any Agent to any Lender. Each Lender represents to the Agents that
it has, independently and without reliance upon any Agent or any other Lender, and based on such
documents and information as it has deemed appropriate, made its own appraisal of and investigation
into the business, operations, property, financial and other condition and creditworthiness of the
Loan Parties and their affiliates and made its own decision to make its Loans hereunder and enter
into this Agreement. Each Lender also represents that it will, independently and without reliance
upon any Agent or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Agreement and the other Loan Documents, and to make such
investigation as it deems necessary to inform itself as to the business, operations, property,
financial and other condition and creditworthiness of the Loan Parties and their affiliates.
Except for notices, reports and other documents expressly required to be furnished to the Lenders
by the Agents hereunder, the Agents shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, operations, property,
condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any
affiliate of a Loan Party that may come into the possession of the Agents or any of its officers,
directors, employees, agents, advisors, attorneys-in-fact or affiliates.

          9.7. Indemnification. The Lenders agree to indemnify each Agent and its Related
Parties (each, an “Agent Indemnitee”) (to the extent not reimbursed by the Borrower and without
limiting the obligation of the Borrower to do so), ratably according to their respective Aggregate
Exposure Percentages in effect on the date on which indemnification is sought under this Section
(or, if indemnification is sought after the date upon which the Commitments shall have terminated
and the Loans shall have been paid in full, ratably in accordance with such Aggregate Exposure
Percentages immediately prior to such date), from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
(including reasonable attorneys fees and expenses) whatsoever that may at any time (whether before
or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent
Indemnitee in any way relating to or arising out of, the Commitments, this Agreement, any of the
other Loan Documents or any documents contemplated by or referred to herein or therein or the
transactions contemplated hereby or thereby or any action taken or omitted by such Agent Indemnitee
under or in connection with any of the foregoing; provided that no Lender shall be liable for the
payment of any portion of such liabilities, obligations,

 

79

losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that
are found by a final and nonappealable decision of a court of competent jurisdiction to have
resulted from such Agent Indemnitee’s gross negligence or willful misconduct. The agreements in
this Section shall survive the payment of the Loans and all other amounts payable hereunder.

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

          9.9. Successor Administrative Agent. The Administrative Agent may resign as
Administrative Agent upon 10 days’ notice to the Lenders and the Borrower. If the Administrative
Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then
the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders,
whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative
Agent, and the term “Administrative Agent” shall mean such successor agent effective upon such
appointment and approval, and the former Administrative Agent’s rights, powers and duties as
Administrative Agent shall be terminated, without any other or further act or deed on the part of
such former Administrative Agent or any of the parties to this Agreement or any holders of the
Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is
10 days following a retiring Administrative Agent’s notice of resignation, the retiring
Administrative Agent’s resignation shall nevertheless thereupon become effective, and the Lenders
shall assume and perform all of the duties of the Administrative Agent hereunder until such time,
if any, as the Required Lenders appoint a successor agent as provided for above. After any
retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Section
9 and of Section 10.5 shall continue to inure to its benefit. The Administrative Agent may in its
discretion resign as Collateral Agent at any time it resigns as Administrative Agent.

          9.10. Execution of Loan Documents. The Lenders hereby empower and authorize the
Agents, on behalf of the Lenders, to execute and deliver to the Loan Parties the other Loan
Documents and all related agreements, certificates, documents, or instruments as shall be necessary
or appropriate to effect the purposes of the Loan Documents. Each Lender agrees that any action
taken by the Agents or the Required Lenders (or any other instructing group of Lenders specified by
this Agreement) in accordance with the terms of this Agreement or the other Loan Documents, and the
exercise by the Agents or the Required Lenders (or any other instructing group of Lenders specified
by this Agreement) of their respective powers set forth therein or herein, together with such other
powers that are reasonably incidental thereto, shall be binding upon all of the Lenders.

          9.11. Collateral Agent. (a) The provisions of Section 9 that apply to the
Administrative Agent shall apply, mutatis mutandis, to the Collateral Agent and to any successor
Collateral Agent, as applicable; provided that, notwithstanding anything herein to the contrary,
the Collateral Agent shall have the right to appoint a successor to itself as Collateral Agent and
without the consent of any Lender.

          (b) The Collateral Agent is authorized on behalf of all the Lenders, without the necessity of
any notice to or further consent from the Lenders, from time to time to take any action with
respect to any Collateral or the Loan Documents which may be necessary to perfect and maintain a
perfected security interest in and Liens upon the Collateral granted pursuant to the Loan
Documents. Except for the safe custody of any Collateral in its possession and the accounting for
moneys actually received by it hereunder or under any of the other Loan Documents, the Collateral
Agent shall not have

 

 

80

any duty as to any Collateral, as to ascertaining or taking action with respect to calls,
conversions, exchanges, maturities, trades or other matters relative to any Collateral, whether or
not the Collateral Agent is deemed to have knowledge of such matters, or as to taking of any
necessary steps to preserve rights against any parties or any other rights pertaining to any
Collateral (including the filing of UCC Financing and Continuation Statements). The Collateral
Agent shall be deemed to have exercised appropriate and due care in the custody and preservation of
any Collateral in its possession if such Collateral is accorded treatment substantially equal to
that which other collateral agents accord similar property.

          (c) Each of the Administrative Agent and the Collateral Agent, in its capacity as an agent
under the Intercreditor Agreement, shall be entitled to all right, privileges, protections,
immunities, benefits and indemnities provided to the Administrative Agent under this Section 9.

SECTION 10. MISCELLANEOUS

          10.1. Amendments and Waivers. (a) Neither this Agreement, any other Loan Document, nor any terms hereof or thereof may
be amended, supplemented or modified except in accordance with the provisions of this Section 10.1.
The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the
written consent of the Required Lenders, the Administrative Agent and each Loan Party party to the
relevant Loan Document may, from time to time, (a) enter into written amendments, supplements or
modifications hereto and to the other Loan Documents for the purpose of adding any provisions to
this Agreement or the other Loan Documents or changing in any manner the rights of the Lenders or
of the Loan Parties hereunder or thereunder or (b) waive, on such terms and conditions as the
Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument,
any of the requirements of this Agreement or the other Loan Documents or any Default or Event of
Default and its consequences; provided, however, that no such waiver and no such amendment,
supplement or modification shall (i) forgive the principal amount or extend the final scheduled
date of maturity of any Loan, extend the scheduled date of any principal amortization payment in
respect of any Term Loan, reduce the stated rate of any interest or fee payable hereunder (except
(x) in connection with the waiver of applicability of any post-default increase in interest rates
(which waiver shall be effective with the consent of the Majority Facility Lenders of each
adversely affected Facility), (y) in connection with the waiver or extension of any mandatory
prepayment hereunder, and (z) that any amendment or modification of defined terms used in the
financial covenants in this Agreement shall not constitute a reduction in the rate of interest or
fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, or
increase the amount or extend the expiration date of any Lender’s Commitment, in each case without
the written consent of each Lender directly affected thereby; (ii) eliminate or reduce the voting
rights of any Lender under this Section 10.1 without the written consent of such Lender; (iii)
reduce any percentage specified in the definition of Required Lenders or consent to the assignment
or transfer by the Borrower of any of its rights and obligations under this Agreement and the other
Loan Documents, in each case without the written consent of all Lenders; (iv) amend, modify or
waive any provision of Section 9 or any other provision of any Loan Document that affects the
Administrative Agent without the written consent of the Administrative Agent; (v) release all or
substantially all of the Collateral securing the Obligations or release all or substantially all of
the Guarantors from their obligations under the Guarantee and Collateral Agreement, in each case
without the consent of each Lender; (vi) reduce the percentage specified in the definition of
Majority Facility Lenders with respect to any Facility without the written consent of all Lenders
under such Facility; or (vii) amend, modify or waive any provision of Section 3 without the written
consent of the Issuing Lender. Any such waiver and any such amendment, supplement or modification
shall apply equally to each of the Lenders and shall be binding upon the Loan Parties, the Lenders,
the Administrative Agent and all future holders of the Loans. In the case of any waiver, the Loan
Parties, the Lenders and the Administrative Agent shall be restored to their former position and
rights hereunder and under the other Loan Documents, and any

 

81

Default or Event of Default waived shall be deemed to be cured and not continuing; but no such
waiver shall extend to any subsequent or other Default or Event of Default, or impair any right
consequent thereon.

          (b) Notwithstanding the foregoing, the Administrative Agent may amend or supplement the
Intercreditor Agreement and the Security Documents without the consent of any Lender or the
Required Lenders (but with the consent of the Borrower to the extent required under the
Intercreditor Agreement and the Security Documents) to cure any ambiguity, defect or inconsistency
in the Intercreditor Agreement or the Security Documents.

          (c) The Borrower shall be permitted to replace any Lender that requests any payment under
Section 2.16 or 2.17(a) or that does not consent to any proposed amendment, supplement,
modification, consent or waiver of any provision of this Agreement or any other Loan Document that
requires the consent of each of the Lenders or each of the Lenders affected thereby (so long as the
consent of the Required Lenders has been obtained) or any Revolving Lenders that becomes a
Defaulting Lender, with a replacement financial institution; provided that (i) such
replacement does not conflict with any Requirement of Law, (ii) the replacement financial
institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or
prior to the date of replacement, (iii) the Borrower shall be liable to such replaced Lender under
Section 2.18 if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on
the last day of the Interest Period relating thereto, (iv) the replacement financial institution
shall be reasonably satisfactory to the Administrative Agent, (v) the replaced Lender shall be
obligated to make such replacement in accordance with the provisions of Section 10.6
(provided that the Borrower shall be obligated to pay the processing and recordation fee
referred to therein) and (vi) any such replacement shall not be deemed to be a waiver of any rights
that the Borrower, the Administrative Agent or any other Lender shall have against the replaced
Lender.

          (d) Notwithstanding the foregoing, this Agreement may be amended (x) with the written consent
of the Administrative Agent, the Borrower and the Lenders providing the relevant Replacement Term
Loans (as defined below) to permit the refinancing of all or a portion of the Loans outstanding
hereunder (“Refinanced Terms Loans”) with a replacement term loan tranche hereunder which
shall be Loans hereunder (“Replacement Term Loans”); provided that (i) the
aggregate principal amount of such Replacement Term Loans shall not exceed the aggregate principal
amount of such Refinanced Term Loans, (ii) the weighted average life to maturity of such
Replacement Term Loans shall not be shorter than the weighted average life to maturity of such
Refinanced Term Loans at the time of such refinancing and (iii) all other terms applicable to such
Replacement Term Loans shall be substantially identical to, or less favorable to the Lenders
providing, such Replacement Term Loans than, those applicable to such Refinanced Term Loans, except
to the extent necessary to provide for covenants and other terms applicable to any period after the
latest final maturity of any Loans in effect immediately prior to such refinancing and (y) with the
written consent of the Administrative Agent, the Borrower and the Lenders providing the relevant
Replacement Revolving Loans (as defined below) to permit the refinancing of any Refinanced Term
Loans with a revolving facility hereunder (“Replacement Revolving Facility”); provided that
(i) the aggregate principal amount of such Replacement Revolving Facility shall not exceed the
aggregate principal amount of such Refinanced Term Loans, (ii) the final maturity date of such
Replacement Revolving Facility shall be no earlier than the Maturity Date of the Refinanced Term
Loans, (iii) the Replacement Revolving Facility shall be fully drawn on the closing date thereof
and the proceeds of the Replacement Revolving Facility shall be used to repay the outstanding
Refinanced Term Loans, and (iv) the Replacement Revolving Facility shall be on terms and pursuant
to documentation to be determined by the Borrower and the Persons willing to provide such
Replacement Revolving Facility, provided that (A) to the extent such terms and documentation are
not consistent with the Term Facility (other than with respect to pricing) they shall be reasonably
satisfactory to the Administrative Agent and (B) if the Applicable Margin (which term for purposes
of this Section 10.1(d) shall include any upfront

 

82

fees payable by the Borrower to the lenders under the Term Facility or the Replacement
Revolving Facility, as applicable, in the primary syndication thereof (with such upfront fees being
equated to interest based on assumed three-year life to maturity)) relating to any Replacement
Revolving Facility exceeds the Applicable Margin relating to the Refinanced Term Loans immediately
prior to the refinancing thereof, the Applicable Margin relating to the Term Facility shall be
adjusted to equal the Applicable Margin relating to such Replacement Revolving Facility.

          (e) In addition, notwithstanding the foregoing, this Agreement, including this Section 10.1,
and the other Loan Documents may be amended (or amended and restated) pursuant to Section 2.20 in
order to add any Incremental Facility to this Agreement and (a) to permit the extensions of credit
from time to time outstanding thereunder and the accrued interest and fees in respect thereof to
share ratably in the benefits of this Agreement (including the rights of the lenders under
Incremental Facility to share ratably with the Facilities in prepayments pursuant to Sections 2.8
and 2.9), the Guaranty and Collateral Agreement and the other Loan Documents with the Loans and the
accrued interest and fees in respect thereof, (b) to include appropriately the Lenders holding such
credit facility in any determination of the Required Lenders and (c) to amend other provision of
the Loan Documents so that the Incremental Facility is appropriately incorporated (including this
Section 10.1).

          10.2. Notices. All notices, requests and demands to or upon the respective parties hereto to be effective
shall be in writing (including by telecopy), and, unless otherwise expressly provided herein, shall
be deemed to have been duly given or made when delivered, or three Business Days after being
deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received,
addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth in
an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders,
or to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 
	The Borrower:

	 	Lear Corporation
	 

	 	21557 Telegraph Road
	 

	 	Southfield, Michigan 48033
	 

	 	Attention: Shari L. Burgess
	 

	 	Telecopy: (248) 447-1593
	 

	 	Telephone: (248) 447-1580
	 

	 	Email: sburgess@lear.com
	 
	 	 
	 

	 	With copies to:
	 
	 	 
	 

	 	Lear Corporation
	 

	 	21557 Telegraph Road
	 

	 	Southfield, Michigan 48033
	 

	 	Attention: Terrence B. Larkin
	 

	 	Telecopy: (248) 447-5126
	 

	 	Telephone: (248) 447-5123

Email: TLarkin@lear.com
	 
	 	 
	 

	 	With copies to (which shall not constitute a
	 

	 	notice hereunder):
	 
	 	 
	 

	 	Winston & Strawn LLP
	 

	 	35 West Wacker Drive
	 

	 	Chicago, IL 60601-9703
	 

	 	Telecopy: (312) 558-5989

 

83

	 	 	 
	 

	 	Telephone: (312) 558-5700
	 

	 	Email: CBoehrer@winston.com
	 
	 	 
	Administrative Agent or

	 	JPMorgan Chase Bank, N.A.
	Collateral Agent:
	 	 
	 

	 	Attention: Richard Duker
	 

	 	Telecopy: (212) 270-5100
	 

	 	Telephone: (212) 270-3057
	 

	 	Email: richard.duker@jpmorgan.com
	 
	 	 
	 

	 	With copies to:
	 
	 	 
	 

	 	1111 Fannin Street, Floor 10
	 

	 	Houston, TX 77002
	 

	 	Attention: Alice Telles
	 

	 	Telecopy: (713) 750-2938
	 

	 	Telephone: (713) 750-7941
	 

	 	Email: alice.h.telles@jpmchase.com

provided that any notice, request or demand to or upon the Agents or the Lenders shall not
be effective until received.

          Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent;
provided that the foregoing shall not apply to notices pursuant to Section 2 unless
otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent
or the Borrower may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications.

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

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

          10.5. Payment of Expenses and Taxes. The Borrower agrees (a) to pay or reimburse each Agent for all its reasonable,
out-of-pocket costs and expenses incurred in connection with the development, preparation and
execution of, and any amendment, supplement or modification to, this Agreement, the other Loan
Documents and any other documents prepared in connection herewith or therewith, and the
consummation and administration of the transactions contemplated hereby and thereby, including the
reasonable fees and disbursements of counsel and any financial advisor or third party consultants
or appraisers to and each Agent and filing and recording fees and expenses, with statements with
respect to the foregoing to be submitted to the Borrower prior to the Closing Date (in the case of

 

84

amounts to be paid on the Closing Date) and from time to time thereafter on such other
periodic basis as each Agent shall deem appropriate, (b) to pay or reimburse each Lender and each
Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with the
enforcement or preservation of any rights under this Agreement, including in connection with any
work-out, restructuring, forbearance or other amendment providing relief to the Borrower, the other
Loan Documents and any such other documents related thereto, including the reasonable fees and
disbursements of counsel and any financial advisor or third party consultants or appraisers to each
Agent and the reasonable fees and disbursements of counsel to the several Lenders; provided that,
in the case of clauses (a) and (b), the Borrower shall not be obligated to so reimburse for more
than one law firm (and, in addition to such law firm, any local counsel engaged in each relevant
jurisdiction by such law firm) as counsel for the Lenders and the Agents, (c) to pay, indemnify,
and hold each Lender and each Agent harmless from, any and all recording and filing fees, if any,
that may be payable or determined to be payable in connection with the execution and delivery of,
or consummation or administration of any of the transactions contemplated by, or any amendment,
supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the
other Loan Documents and any such other documents related thereto, and (d) to pay, indemnify, and
hold each Lender and each Agent and their respective officers, directors, employees, affiliates,
agents, advisors, trustees and controlling persons (each, an “Indemnitee”) harmless from and
against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind or nature whatsoever arising out of any
litigation, investigation or proceeding with respect to the execution, delivery, enforcement,
performance and administration of this Agreement, the other Loan Documents and any such other
documents and instruments referred to therein, including any of the foregoing relating to the use
of proceeds of the Loans or the violation of, noncompliance with or liability under, any
Environmental Law applicable to the operations of any Group Member or any of the Properties and the
reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by
any Indemnitee against any Loan Party under any Loan Document (all the foregoing in this clause
(d), collectively, the “Indemnified Liabilities”), provided, that the Borrower shall have no
obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent such
Indemnified Liabilities are found by a final and nonappealable decision of a court of competent
jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such
Indemnitee. Without limiting the foregoing, and to the extent permitted by applicable law, the
Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and
agrees to cause its Subsidiaries to waive, all rights for contribution or any other rights of
recovery with respect to all claims, demands, penalties, fines, liabilities, settlements, damages,
costs and expenses of whatever kind or nature, under or related to Environmental Laws, that any of
them might have by statute or otherwise against any Indemnitee. All amounts due under this Section
10.5 shall be payable not later than 10 days after a reasonably detailed written demand therefor.
Statements payable by the Borrower pursuant to this Section 10.5 shall be submitted to Shari
Burgess (Telecopy No. (248) 447-1593; Telephone No. 248-447-1580; and Email: sburgess@lear.com), at
the address of the Borrower set forth in Section 10.2, or to such other Person or address as
 may be
hereafter designated by the Borrower in a written notice to the Administrative Agent. The
agreements in this Section 10.5 shall survive repayment of the Loans and all other amounts payable
hereunder.

          10.6. Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby (including any
affiliate of the Issuing Lender that issues any Letter of Credit), except that (i) the Borrower may
not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender (and any attempted assignment or transfer by the Borrower without
such consent shall be null and void), (ii) no Lender may assign or otherwise transfer its rights or
obligations hereunder except in accordance with this Section and (iii) no Lender may assign or
otherwise transfer its rights or obligations hereunder to any Loan Party or any of its Affiliates.

 

85

          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below and subject to
paragraph (a)(iii) above, any Lender may assign to one or more Eligible Assignees (each, an
“Assignee”) all or a portion of its rights and obligations under this Agreement (including
all or a portion of its Commitments and the Loans at the time owing to it) with the prior written
consent of the Administrative Agent, provided that no consent of the Administrative Agent shall be
required for an assignment of all or any portion of a Term Loan to a Lender, an affiliate of a
Lender or an Approved Fund; and

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

     (A) except in the case of an assignment to a Lender, an affiliate of a Lender or an
Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Commitments, the amount of the Commitments or Loans of the assigning Lender subject to each
such assignment (determined as of the date the Assignment and Assumption with respect to
such assignment is delivered to the Administrative Agent) shall not be less than $1,000,000
(or, in the case of the Incremental Revolving Facility, $5,000,000) unless the
Administrative Agent otherwise consents;

     (B) (1) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500
and (2) the assigning Lender shall have paid in full any amounts owing by it to the
Administrative Agent; and

     (C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an administrative questionnaire in which the Assignee designates one or more credit
contacts to whom all syndicate-level information (which may contain material non-public
information about the Borrower and its Affiliates and their related parties or their
respective securities) will be made available and who may receive such information in
accordance with the assignee’s compliance procedures and applicable laws, including Federal
and state securities laws.

     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below,
from and after the effective date specified in each Assignment and Assumption the Assignee
thereunder shall be a party hereto and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Assumption, be released from its obligations under this Agreement (and, in
the case of an Assignment and Assumption covering all of the assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a party hereto but shall
continue to be entitled to the benefits of Sections 2.16, 2.17, 2.18 and 10.5). Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does
not comply with this Section 10.6 shall be treated for purposes of this Agreement as a sale
by such Lender of a participation in such rights and obligations in accordance with and to
the extent permitted by paragraph (c) of this Section.

     (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower,
shall maintain at one of its offices a copy of each Assignment and Assumption delivered to
it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amount of the Loans and L/C Obligations owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Lender
and the Lenders shall treat each Person whose name is recorded in the Register pursuant to
the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register shall be

 

86

available for inspection by the Borrower and any Lender, at any reasonable time and
from time to time upon reasonable prior notice.

     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an Assignee, the Assignee’s completed administrative questionnaire
(unless the Assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section and any written consent to such assignment
required by paragraph (b) of this Section, the Administrative Agent shall accept such
Assignment and Assumption and record the information contained therein in the Register. No
assignment shall be effective for purposes of this Agreement unless it has been recorded in
the Register as provided in this paragraph.

          (c) (i) Any Lender may, without the consent of the Borrower or the Administrative Agent, sell
participations to one or more banks or other entities (a “Participant”) in all or a portion
of such Lender’s rights and obligations under this Agreement (including all or a portion of its
Commitments and the Loans owing to it); provided that (A) such Lender’s obligations under
this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (C) the Borrower, the Administrative
Agent, the Issuing Lender and the other Lenders shall continue to deal solely and directly with
such Lender in connection with such Lender’s rights and obligations under this Agreement. Any
agreement pursuant to which a Lender sells such a participation shall provide that such Lender
shall retain the sole right to enforce this Agreement and to approve any amendment, modification or
waiver of any provision of this Agreement; provided that such agreement may provide that
such Lender will not, without the consent of the Participant, agree to any amendment, modification
or waiver that (1) requires the consent of each Lender directly affected thereby pursuant to the
proviso to the second sentence of Section 10.1 and (2) directly affects such Participant. Subject
to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled
to the benefits of Sections 2.16, 2.17 and 2.18 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent
permitted by law, each Participant also shall be entitled to the benefits of Section 10.7(b) as
though it were a Lender, provided such Participant shall be subject to Section 10.7(a) as though it
were a Lender.

     (ii) A Participant shall not be entitled to receive any greater payment under Section
2.16, 2.17 or 2.18 than the applicable Lender would have been entitled to receive with
respect to the participation sold to such Participant, unless the sale of the participation
to such Participant is made with the Borrower’s prior written consent. Any Participant that
is a Non-U.S. Lender shall not be entitled to the benefits of Section 2.17 unless such
Participant complies with Section 2.17(d).

     (iii) In the event that any Lender sells a participation in a Loan, such Lender shall,
acting solely for this purpose as an agent of the Borrower, maintain a register on which it
enters the name and address of all participants in the Loans held by it and the principal
amount (and stated interest thereon) of the portion of the Loan which is the subject of the
participation (the “Participation Register”). A Loan may be participated in whole
or in part only by registration of such participation on the Participation Register. Any
transfer of such participation may be effected only by the Registration of such transfer on
the Participation Register. The entries in the Participation Register shall be conclusive
absent manifest error and such Lender shall treat such participants whose name is recorded
in the Participation Register as the owner of such participation for all purposes of this
Agreement, notwithstanding any notice to the contrary. The Participation Register shall be
available for inspection by the Administrative Agent at any reasonable time upon reasonable
prior notice.

 

87

          (d) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including any pledge or
assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; provided that no such pledge or
assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or Assignee for such Lender as a party hereto.

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

          (f) Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it
may have funded hereunder to its designating Lender without the consent of the Borrower or the
Administrative Agent and without regard to the limitations set forth in Section 10.6(b) (but with
regard to the requirements set forth in Section 10.6(b)(iv)). Each of the Borrower, each Lender
and the Administrative Agent hereby confirms that it will not institute against a Conduit Lender or
join any other Person in instituting against a Conduit Lender any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceeding under any state bankruptcy or similar law, for
one year and one day after the payment in full of the latest maturing commercial paper note issued
by such Conduit Lender; provided, however, that each Lender designating any Conduit Lender
hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost,
damage or expense arising out of its inability to institute such a proceeding against such Conduit
Lender during such period of forbearance.

          10.7. Adjustments; Set off. (a) Except to the extent that this Agreement, any other Loan Document or a court order
expressly provides for payments to be allocated to a particular Lender or Lenders (including
assignments made pursuant to Section 10.6), if any Lender (a “Benefited Lender”) shall, at any time
after the Loans and other amounts payable hereunder shall immediately become due and payable
pursuant to Section 8, receive any payment of all or part of the Obligations owing to it, or
receive any collateral in respect thereof (whether voluntarily or involuntarily, by set off, or
otherwise), in a greater proportion than any such payment to or collateral received by any other
Lender, if any, in respect of the Obligations owing to such other Lender, such Benefited Lender
shall purchase for cash from the other Lenders a participating interest in such portion of the
Obligations owing to each such other Lender, or shall provide such other Lenders with the benefits
of any such collateral, as shall be necessary to cause such Benefited Lender to share the excess
payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if
all or any portion of such excess payment or benefits is thereafter recovered from such Benefited
Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the
extent of such recovery, but without interest.

          (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall
have the right, without prior notice to the Borrower or the Guarantors, any such notice being
expressly waived by the Borrower and the Guarantors to the extent permitted by applicable law, upon
any Obligations becoming due and payable by the Borrower or the Guarantors hereunder (whether at
the stated maturity, by acceleration or otherwise), to set off and appropriate and apply against
such Obligations any and all deposits (general or special, time or demand, provisional or final but
not any trust or fiduciary account), in any currency, and any other credits, indebtedness or
claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured
or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for
the credit or the account of the Borrower or the Guarantors, as the case may be. Each Lender
agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and
application made by such Lender, provided that the failure to give such notice shall not affect the
validity of such setoff and application.

 

88

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

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

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

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

          10.12. Submission To Jurisdiction; Waivers. Each Loan Party hereby irrevocably and unconditionally:

     (a) submits for itself and its property in any legal action or proceeding
relating to this Agreement and the other Loan Documents to which it is a party, or
for recognition and enforcement of any judgment in respect thereof, to the non
exclusive general jurisdiction of (i) any State or Federal court of competent
jurisdiction sitting in New York County, New York; and (ii) appellate courts from
any thereof;

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

     (c) agrees that service of process in any such action or proceeding may be
effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to such Loan Party at its
address set forth in Section 10.2 or at such other address of which the
Administrative Agent shall have been notified pursuant thereto;

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

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

 

89

          10.13. Acknowledgements. Each Loan Party hereby acknowledges that:

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

     (b) none of the Administrative Agent, the Collateral Agent nor any Lender has
any fiduciary relationship with or duty to any Loan Party arising out of or in
connection with this Agreement or any of the other Loan Documents, and the
relationship between Administrative Agent, the Collateral Agent and Lenders, on one
hand, and the Loan Parties, on the other hand, in connection herewith or therewith
is solely that of debtor and creditor; and

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

          10.14. Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Loan
Document, each of the Administrative Agent and the Collateral Agent is hereby irrevocably
authorized by each Lender (without requirement of notice to or consent of any Lender except as
expressly required by Section 10.1) to take any action requested by the Borrower having the effect
of releasing, or subordinating any Lien on, any Collateral or guarantee obligations (i) to the
extent necessary to permit consummation of any transaction not prohibited by any Loan Document or
that has been consented to in accordance with Section 10.1 or (ii) under the circumstances
described in paragraph (b) below.

          (b) At such time as the Loans, the Reimbursement Obligations and the other obligations under
the Loan Documents (other than obligations under or in respect of Specified Letters of Credit and
Specified Swap Agreements and any contingent indemnification obligations) shall have been paid in
full, the Commitments have been terminated and the Letter of Credit shall be outstanding, the
Collateral shall be released from the Liens created by the Loan Documents, and all obligations
related thereto (other than those expressly stated to survive such termination) of the
Administrative Agent, the Collateral Agent and each Loan Party shall terminate, all without
delivery of any instrument or performance of any act by any Person.

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

 

90

          Each Lender acknowledges that information furnished to it pursuant to this Agreement or the
other Loan Documents may include material non-public information concerning the Borrower and its
Affiliates and their related parties or their respective securities, and confirms that it has
developed compliance procedures regarding the use of material non-public information and that it
will handle such material non-public information in accordance with those procedures and applicable
law, including Federal and state securities laws.

          All information, including requests for waivers and amendments, furnished by the Borrower or
the Administrative Agent pursuant to, or in the course of administering, this Agreement or the
other Loan Documents will be syndicate-level information, which may contain material non-public
information about the Borrower and its Affiliates and their related parties or their respective
securities. Accordingly, each Lender represents to the Borrower and the Administrative Agent that
it has identified in its administrative questionnaire a credit contact who may receive information
that may contain material non-public information in accordance with its compliance procedures and
applicable law, including Federal and state securities laws.

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

          10.17. USA Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA
Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”),
it is required to obtain, verify and record information that identifies the Borrower, which
information includes the name and address of the Borrower and other information that will allow
such Lender to identify the Borrower in accordance with the Patriot Act.

          10.18. Amendment and Restatement. This Agreement amends and restates the Existing Credit Agreement. All indebtedness,
obligations and Liens created by the Existing Credit Agreement and the Loan Documents referred to
therein remain outstanding and in effect and are continued by this Agreement and the other Loan
Documents with such modifications as are set forth herein and therein.

[Remainder of page intentionally left blank]

 

 

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

	 	 	 	 	 
	 	 	LEAR CORPORATION
	 
	 	 	 	 
	 

	 	By:	 	/s/ Matthew J. Simoncini
	 

	 	 	 	 
	 

	 	Name:	 	Matthew J. Simoncini
	 

	 	Title:	 	Senior Vice President and Chief
Financial Officer 

 

 

	 	 	 	 	 
	 	 	JPMORGAN CHASE BANK, N.A.,
	 	 	as Administrative Agent and Collateral Agent and as a
	 	 	Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Richard W. Duker
	 

	 	 	 	 
	 

	 	Name:	 	Richard W. Duker
	 

	 	Title:	 	Managing Director

 

 

	 	 	 	 	 
	 	 	BARCLAYS BANK PLC, as Documentation Agent and as a
	 	 	Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Craig Malloy
	 

	 	 	 	 
	 

	 	Name:	 	Craig Malloy
	 

	 	Title:	 	Director

 

 

	 	 	 	 	 
	 	 	Citibank, N.A., as a
Lender 
	 
	 	 	 	 
	 

	 	By:	 	/s/ Wayne Beckmann
	 

	 	 	 	 
	 

	 	Name:	 	Wayne Beckmann
	 

	 	Title:	 	Managing Director

 

	 	 	 	 	 
	 	 	HSBC Bank USA NA, as a
Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Peter Leonard
	 

	 	 	 	 
	 

	 	Name:	 	Peter Leonard
	 

	 	Title:	 	Assistant Vice President

 

 

	 	 	 	 	 
	 	 	UBS Loan Finance LLC, as a Lender
	 
	 	 	 	 
	 

	 	By:	 	/s/ Irja R. Otsa
	 

	 	 	 	 
	 

	 	Name:	 	Irja  Otsa
	 

	 	Title:	 	Associate Director
	 
	 	 	 	 
	 

	 	By:	 	/s/ Mary E. Evans
	 

	 	 	 	 
	 

	 	Name:	 	Mary E. Evans
	 

	 	Title:	 	Associate Director

 

 

Annex III

Conditions Precedent to Permitted Acquisitions

     (1) The Administrative Agent shall receive not less than ten Business Days’ prior written
notice of such Acquisition, which notice shall include a reasonably detailed description of the
proposed terms of such Acquisition and identify the anticipated closing date thereof;

     (2) concurrently with such Acquisition, the Borrower shall comply, and shall cause the Target
to the extent applicable to comply, with the provisions of Section 6.9 of the Credit Agreement;

     (3) after giving effect to such Acquisition and the incurrence of any Indebtedness in
connection therewith, (a) no Default or Event of Default shall exist, and (b) the Borrower shall be
in compliance on a pro forma basis with the covenants set forth in Section 7.1 recomputed for the
most recently ended fiscal quarter of the Borrower for which information is available regarding the
business being acquired;

     (4) all material consents necessary for such Acquisition have been acquired and such
Acquisition shall have been approved by the applicable Target’s board of directors or similar
governing body;

     (5) the applicable Target shall be engaged in substantially the same type of business as the
Borrower and its Subsidiaries or a reasonable extension thereof;

     (6) the aggregate consideration (including all (i) cash and other property (other than common
stock of the Borrower), (ii) Earn-Outs, (iii) Seller Debt and (iv) any other Indebtedness that is
assumed or acquired by the Borrower of any of its Subsidiaries in connection with the Acquisition)
paid in connection with all Acquisitions shall not exceed $400,000,000.exv10w2

Exhibit 10.2

EXECUTION VERSION

FIRST AMENDMENT

     FIRST AMENDMENT, dated as of March 19, 2010 (this “Amendment”), to the Amended and
Restated Credit Agreement, dated as of March 18, 2010 (the “Credit Agreement”), among LEAR
CORPORATION, a Delaware corporation (the “Borrower”), the several lenders from time to time
parties thereto (the “Lenders”), the several agents parties thereto and JPMORGAN CHASE
BANK, N.A., as administrative agent and collateral agent (the “Administrative Agent”).

W I T N E S S E T H:

     WHEREAS, the Borrower entered into the Credit Agreement, dated as of October 23, 2009 (the
“Original First Lien Credit Agreement”) with the several lenders from time to time parties
thereto, the several agents parties thereto and JPMorgan Chase Bank, N.A., as administrative agent
and collateral agent;

     WHEREAS, the Original First Lien Credit Agreement was amended and restated on March 18, 2010
to add the three-year Incremental Revolving Facility to the Original First Lien Credit Agreement in
the form attached hereto as Exhibit A;

     WHEREAS, the Borrower entered into the Second Lien Credit Agreement, dated as of November 9,
2009 (the “Second Lien Credit Agreement”) with the several lenders from time to time
parties thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent;

     WHEREAS, the Borrower intends to issue unsecured notes the proceeds of which shall be used to
repay all or a portion of the outstanding obligations under the Second Lien Credit Agreement; and

     WHEREAS, the Borrower has requested, and the Required Lenders and the Administrative Agent
have agreed, upon the terms and subject to the conditions set forth herein, that the Credit
Agreement shall be amended as set forth herein;

     NOW, THEREFORE, the parties hereto hereby agree as follows:

     SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have
the meanings assigned to such terms in the Credit Agreement.

     SECTION 2. Amendments. (a) Section 1.1 of the Credit Agreement is hereby amended
as follows:

          (i) by adding the following new definitions, to appear in proper alphabetical order:

          “Available Liquidity”: on any date of determination, the sum, without
duplication, of (i) the cash and Cash Equivalents which are not subject to any Liens
(other than (a) Liens in favor of the Collateral Agent on behalf of the Secured
Parties, (b) Liens permitted by Section 7.3(c)(ii) and (c) inchoate Liens arising by
operating of law which are not the subject of enforcement actions) held by the Borrower and its
Subsidiaries on such date and (ii) the aggregate amount of the Available Revolving
Commitments of all Revolving Lenders on such date.

 

 

2

          “First Amendment”: the First Amendment to this Agreement, dated as of
the First Amendment Effective Date.

          “First Amendment Effective Date”: the date on which the conditions
precedent set forth in clauses (i) and (ii) of Section 4 of the First Amendment
shall have been satisfied, which date is March 19, 2010.

          “Permitted Notes”: unsecured notes issued by the Borrower in a
principal amount of not less than $350,000,000 with a scheduled maturity date not
earlier than one year after the Maturity Date and with customary market terms for
comparable high-yield instruments.

          “Unsecured Note Indenture”: the Indenture between the Borrower, as
issuer, certain of its Subsidiaries, as guarantors, and the trustee named therein,
under which the Permitted Notes are issued.

          (ii) by deleting the phrase “, the Intercreditor Agreement” from the definition of
“Loan Documents”;

          (iii) by deleting the definition of “Maturity Date” and substituting in lieu
thereof the following:

     “Maturity Date”: with respect to any Term Loan, the fifth anniversary
of the Closing Date.

          (iv) by deleting the definition of “Permitted Second Lien Indebtedness” in its
entirety.

     (b) Section 2.4 of the Credit Agreement is hereby amended by deleting the parenthetical
beginning with “(it being understood that” appearing in clauses (a) and (b) thereof in its
entirety.

     (c) Section 2.9(a) of the Credit Agreement is hereby amended by deleting the parenthetical in
the second line thereof and inserting in lieu thereof “(excluding any Excluded Issuance and any
Indebtedness permitted by Section 7.2(a) through (s), but in the case of Indebtedness permitted by
Section 7.2(m) only to the extent the Net Cash Proceeds are applied to prepay the outstanding
obligations under the Second Lien Credit Agreement)”.

     (d) Section 2.20 of the Credit Agreement is hereby amended by deleting the phrase “and there
shall be not more than 3 requests for Incremental Facilities” therefrom and by inserting the phrase
“at any one time outstanding” following the phrase “$200,000,000” therein.

     (e) Section 2.21 of the Credit Agreement is hereby deleted in its entirety and the phrase
“[Reserved]” substituted in lieu thereof.

     (f) Section 4.4 of the Credit Agreement is hereby amended by deleting the phrase “and the
Second Lien Term Loans” in the parenthetical thereof.

     (g) Section 7.2 of the Credit Agreement is hereby amended as follows:

 

3

          (i) by deleting clause (m) thereof and substituting in lieu thereof the
following:

“(m) (i) unsecured Indebtedness of the Borrower in respect of the Permitted Notes;
provided that any Net Cash Proceeds from the issuance of the Permitted Notes
shall first be applied to repay obligations outstanding under the Second Lien Credit
Agreement and then any amounts in excess of the amount required to prepay all
obligations under the Second Lien Credit Agreement shall be applied as a prepayment
of the Term Loans in accordance with Section 2.9(a) until the Term Loans have been
repaid in full and (ii) unsecured Guarantee Obligations of any Guarantor in respect
of such Indebtedness.”

             (ii) by adding to clause (s) thereof (A) the phrase “, (m)” after the phrase
“(f)” in the fourth line thereof, (B) replacing the phrase “or” after the phrase “(p)”
in the fourth line thereof with a comma and (C) adding the phase “or (t)” after the
phase “(q)” in the fourth line thereof.

     (h) Section 7.3(v) of the Credit Agreement is hereby deleted in its entirety and the phrase
“[Reserved]” substituted in lieu thereof.

     (i) Section 7.6 of the Credit Agreement is hereby amended by (i) deleting the word “and” at
the end of clause (d) thereof and substituting therefor a comma and (ii) inserting the following
clause (f) after clause (e) thereof:

“and (f) after the Term Loans have been repaid in full and if no Default or Event of
Default has occurred and is continuing or would result therefrom, (i) the Company
and any Subsidiary may make Restricted Payments in an amount not to exceed (A)
$100,000,000 for the period from the First Amendment Effective Date through March
31, 2011, (B) $75,000,000 for the period from April 1, 2011 through March 31, 2012
and (C) $75,000,000 for the period from April 1, 2012 through March 31, 2013,
provided that the unused amount of any Restricted Payments permitted to be
made during any period specified in clauses (A) through (C) above and not made
during such period may be carried over and used during any subsequent period
(including at any time after March 31, 2013) and (ii) on or after March 31, 2011,
the Company and any Subsidiary may make additional Restricted Payments in an
aggregate amount not to exceed $100,000,000, provided that, after giving
pro forma effect to the making of any Restricted Payment under this
clause (ii), (A) the Consolidated Leverage Ratio, recomputed for the most recently
ended period of four consecutive fiscal quarters of the Borrower for which financial
statements are available, is less than 1.5 to 1.0 and (B) the Available Liquidity of
the Borrower and its Subsidiaries is greater than $1,000,000,000”

     (j) Section 7.11 of the Credit Agreement is hereby amended by deleting clause (c) thereof in
its entirety and substituting therefor the following:

“(c) (i) the Unsecured Note Indenture and any Guarantee Obligations with respect
thereto or any Permitted Refinancing Indebtedness in respect thereof
(provided that the prohibition or limitation contained therein is no less
favorable than that which exists in the Unsecured Note Indenture) and (ii) any
agreement governing any Indebtedness existing as of the Closing Date and any
agreement governing any Permitted Refinancing Indebtedness of such Indebtedness
existing as of the Closing Date (provided that the prohibition or limitation contained therein is no less favorable to the Lenders than
that which exists in the agreement governing such Indebtedness as of the Closing
Date);”

 

 

4

     (k) Section 7.12 of the Credit Agreement is hereby amended by deleting clause (i) thereof in
its entirety and substituting therefor the following:

“(i) any restrictions existing under the Loan Documents, the Unsecured Note
Indenture and any agreement governing Permitted Refinancing Indebtedness in respect
thereof (provided that the prohibition or limitation contained therein is no
less favorable to the Lenders than that which exits in the Unsecured Note Indenture)
and any agreement governing any Indebtedness existing as of the Closing Date and any
agreement governing any Permitted Refinancing Indebtedness of such Indebtedness
existing as of the Closing Date (provided that the prohibition or limitation
contained therein is no less favorable to the Lenders than that which exists in the
agreement governing such Indebtedness as of the Closing Date)”

     (l) Section 7.15 of the Credit Agreement is hereby amended by deleting such section in its
entirety and substituting therefor the following:

“7.15. Optional Payments and Modifications in respect of Certain
Indebtedness. (a) Make or offer to make any payment, prepayment, repurchase or
redemption of or otherwise defease or segregate funds with respect to the Permitted
Notes or any Permitted Refinancing Indebtedness in respect thereof other than (i)
scheduled payments of interest, (ii) refinancings thereof to the extent permitted by
Section 7.2 and (iii) repurchases or redemptions of the Permitted Notes or any
Permitted Refinancing Indebtedness in respect thereof in an aggregate amount not to
exceed 10% of the original face amount of the Permitted Notes in any fiscal year of
the Borrower, provided that (A) after giving pro forma
effect to any such repurchase or redemption, the Consolidated Leverage Ratio,
recomputed for the most recently ended period of four consecutive fiscal quarters of
the Borrower for which financial statements are available, is less than 1.5 to 1.0
and (B) no Default or Event of Default has occurred and is continuing or would
result from such repurchase or redemption or (b) amend, modify, waive or otherwise
change, or consent or agree to any amendment, modification, waiver or other change
to, any of the terms of the Unsecured Note Indenture or the documents governing any
Permitted Refinancing Indebtedness in respect thereof in a manner that is materially
adverse to the Lenders.”

     (m) Section 8.1(j) of the Credit Agreement is hereby amended by deleting the word “or” at the
end thereof.

     (n) Section 8.1(k) of the Credit Agreement is hereby deleted in its entirety.

     (o) Section 9.11(c) of the Credit Agreement is hereby deleted in its entirety.

     (p) Section 10.1(b) of the Credit Agreement is hereby amended by deleting the phrase “the
Intercreditor Agreement and” and the phrase “the Intercreditor Agreement or” in each place where
such phrase appear in such Section.

 

5

     SECTION 3. Acknowledgement and Authorization.

     (a) Acknowledgement. The Lenders party hereto hereby acknowledge and approve,
effective as of March 19, 2010, the addition of the revolving credit facility with an expiration
date of
March 18, 2013, including all of the specific terms and provisions set forth in the Credit
Agreement attached hereto as Exhibit A.

     (b) Prepayment of Second Lien Credit Agreement Obligations. If upon issuance of the
Permitted Notes the Net Cash Proceeds of the Permitted Notes are not sufficient to prepay the
obligations with respect to the Second Lien Credit Agreement in full, the Lenders party hereto
hereby authorize the Borrower to prepay such obligations with cash on the balance sheet of the
Borrower.

     (c) Waiver. The Lenders party hereto hereby waive the requirements of Sections 2.8 and
2.18 of the Credit Agreement with respect to any prepayments of the Term Loans with the Net Cash
Proceeds from the issuance of the Permitted Notes.

     (d) Termination of Intercreditor Agreement. The Lenders party hereto hereby authorize
the Administrative Agent and the Collateral Agent to terminate the Intercreditor Agreement upon the
prepayment in full of the Indebtedness outstanding under the Second Lien Credit Agreement in a
manner which requires the Second Lien Agent to release the second priority liens granted with
respect to such Indebtedness. Upon termination of the Intercreditor Agreement, Section 8.17 of the
Guarantee and Collateral Agreement shall be deemed deleted in its entirety.

     SECTION 4. Conditions to Effectiveness. This Amendment shall become effective on
the date (the “Amendment Effective Date”) on which all of the conditions precedent set
forth in the following clauses (i) and (ii) have been satisfied or waived:

            (i) the Administrative Agent shall have received a counterpart of this Amendment,
executed and delivered by a duly authorized officer of the Borrower and the Required
Lenders; and

            (ii) the Administrative Agent shall have received an executed Acknowledgment and
Consent, in the form set forth at the end of this Amendment, from each Loan Party;

   provided that the amendments set forth in Section 2 hereof (other than under clause
(d) of Section 2) shall only become effective when the Administrative Agent shall have received
evidence reasonably satisfactory to it that the Permitted Notes shall have been (or shall
substantially contemporaneously be) issued pursuant to the terms of the Unsecured Note Indenture.

     SECTION 5. Fees. The Borrower shall pay to the Administrative Agent, on the
Amendment Effective Date if this Amendment becomes effective prior to 2:00 p.m., New York City
time, and on the Business Day following the Amendment Effective Date if this Amendment becomes
effective after 2:00 p.m., New York City time, for distribution to each Lender which has delivered
an executed copy of this Amendment to the Administrative Agent on or prior to the consent deadline
for this Amendment, an amendment fee equal to 0.10% of such Lender’s Revolving Commitments and
outstanding Term Loans, as applicable.

     SECTION 6. Effect on the Loan Documents. (a) Except as specifically amended or
waived herein, all Loan Documents shall continue to be in full force and effect and are hereby in
all respects ratified and confirmed. The Borrower hereby agrees, with respect to each Loan
Document to

 

 

6

which it is a party, that: (i) all of its obligations, liabilities and indebtedness
under such Loan Document shall remain in full force and effect on a continuous basis after giving
effect to this Amendment and (ii) all of the Liens and security interests created and arising under
such Loan Document shall remain in full force and effect on a continuous basis, and the perfected
status and priority of each such Lien and security
interest continues in full force and effect on a continuous basis, unimpaired, uninterrupted
and undischarged, after giving effect to this Amendment, as collateral security for its
obligations, liabilities and indebtedness under the Credit Agreement.

     (b) Except as specifically provided herein, the execution, delivery and effectiveness of this
Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the
Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of
any of the Loan Documents.

     (c) The Borrower and the other parties hereto acknowledge and agree that this Amendment shall
constitute a Loan Document.

     SECTION 7. Expenses. The Borrower agrees to pay or reimburse the Administrative
Agent for all of its reasonable out-of-pocket costs and expenses incurred in connection with this
Amendment and any other documents prepared in connection herewith, including, without limitation,
the reasonable fees and disbursements of counsel to the Administrative Agent.

     SECTION 8. Representations and Warranties. The Borrower hereby represents and
warrants that on the date hereof (a) each of the representations and warranties made by any Loan
Party in or pursuant to the Loan Documents is true and correct in all material respects
(provided that if any representation or warranty is by its terms qualified by materiality,
such representation is true and correct in all respects) on and as of the Amendment Effective Date
as if made on and as of the Amendment Effective Date, except to the extent that any such
representation or warranty is stated to relate solely to an earlier date, in which case such
representation or warranty is true and correct on and as of such earlier date and (b) after giving
effect to this Amendment, no Default or Event of Default has occurred and is continuing.

     SECTION 9. GOVERNING LAW; WAIVER OF JURY TRIAL. THIS AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN
SUBSECTION 10.12 OF THE CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN.

     SECTION 10. Execution in Counterparts. This Amendment may be executed by one or
more of the parties to this Amendment on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument.

[Remainder of page intentionally left blank.]

 

 

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

	 	 	 	 	 
	 	LEAR CORPORATION

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    Senior Vice President and Chief Financial Officer 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent

and as a Lender

 	 
	 	By:  	/s/ Richard W. Duker
 	 
	 	 	Name:  	Richard W. Duker 	 
	 	 	Title:  	Managing Director 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

 	 
	 	GREYROCK CDO Limited

 	 
	 	By:  	Aladdin Capital Management, as a Lender
 	 
	 
	 	 	 
	 	By:  	                                              /s/ James Bragg
 	 
	 	 	Name:  	James Bragg 	 
	 	 	Title:  	Authorized Signatory 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

 	 
	 	LANDMARK VII CDO Limited

 	 
	 	By:  	Aladdin Capital Management, as a Lender
 	 
	 
	 	 	 
	 	By:  	                                              /s/ James Bragg
 	 
	 	 	Name:  	James Bragg 	 
	 	 	Title:  	Authorized Signatory 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

 	 
	 	LANDMARK VIII CLO Limited

 	 
	 	By:  	Aladdin Capital Management, as a Lender
 	 
	 
	 	 	 
	 	By:  	                                              /s/ James Bragg
 	 
	 	 	Name:  	James Bragg 	 
	 	 	Title:  	Authorized Signatory 	 

 

 

	 	 	 
	 

	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010
	 
	 	 
	 

	 	ARTIO GLOBAL MANAGEMENT LLC

on behalf of

	 	 	 	 	 
	 	ARTIO GLOBAL HIGH INCOME FUND

 	 
	 	By:  	/s/ Raffiele J. Senese Jr.
 	 
	 	 	Name:  	Raffiele J. Senese Jr. 	 
	 	 	Title:  	Portfolio Manager 	 

 

 

	 	 	 
	 

	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010
	 
	 	 
	 

	 	Ariel Reinsurance Company Ltd.
	 

	 	BlackRock Senior High Income Fund, Inc.
	 

	 	BlackRock Floating Rate Income Trust
	 

	 	BlackRock Defined Opportunity Credit Trust
	 

	 	BlackRock Limited Duration Income Trust
	 

	 	BlackRock Senior Income Series
	 

	 	BlackRock Senior Income Series II
	 

	 	BlackRock Senior Income Series IV
	 

	 	BlackRock Senior Income Series V Limited
	 

	 	BlackRock Debt Strategies Fund, Inc.
	 

	 	BlackRock Diversified Income Strategies Fund, Inc.
	 

	 	BlackRock Floating Rate Income Strategies Fund, Inc.
	 

	 	BlackRock Floating Rate Income Strategies Fund II,
Inc.
	 

	 	BlackRock Global Investment Series: Income

Strategies Portfolio

	 

	 	Adfam Investment Company LLC
	 

	 	Master Senior Floating Rate LLC
	 

	 	Missouri State Employees’ Retirement System
	 

	 	BlackRock Fixed Income Portable Alpha Master
Series Trust
	 

	 	Senior Loan Portfolio
	 

	 	BlackRock Senior Floating Rate Portfolio

	 	 	 	 	 
	 	 	 
	 	By:  	                                              /s/ AnnMarie Smith
 	 
	 	 	Name:  	AnnMarie Smith 	 
	 	 	Title:  	Authorized Signator 	 

 

 

	 	 	 
	 

	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010
	 
	 	 
	 

	 	Carlyle High Yield Partners VI, Ltd
	 

	 	(Name of Lender)

	 	 	 	 	 
	 	 	 
	 	By:  	                                              /s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of

March 19, 2010 to the Lear Corporation Amended and

Restated Credit Agreement, dated as of

March 18, 2010

Carlyle High Yield Partners VI, Ltd

(Name of Lender)

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Carlyle High Yield Partners VII, Ltd

(Name of Lender)

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of

March 19, 2010 to the Lear Corporation Amended

and Restated Credit Agreement, dated as of March

18, 2010

Carlyle High Yield Partners VIII, Ltd

(Name of Lender)

 	 
	 	By:  	/s/ Linda pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Tide: Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Carlyle High Yield Partners IX, Ltd

(Name of Lender)

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Carlyle High Yield Partners X, Ltd

(Name of Lender)

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Carlyle Credit Partners Financing I, Ltd.

(Name of Lender)

 	 
	 	By:  	/s/ Linda Pace
 	 
	 	 	Name:  	Linda Pace 	 
	 	 	Title:  	Managing Director 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

CONTINENTAL CASUALTY COMPANY

(Name of Lender)

 	 
	 	By:  	/s Marliou R. McGirr
 	 
	 	 	Name:  	Marliou R. McGirr 	 
	 	 	Title:  	Vice President and Assistant Treasurer 	 
	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of
March 19, 2010 to the Lear Corporation Amended and
Restated Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	GOLUB CAPITAL MANAGEMENT CLO 2007-1, LTD	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	GOLUB CAPITAL MANAGEMENT LLC, as	 	 
	 

	 	 	 	Collateral Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Chris Jamieson
 

Name: Chris Jamieson
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and

 Restated
Credit Agreement, dated as of March 18, 2010

GOLUB CAPITAL SENIOR LOAN OPPORTUNITY FUND, LTD.

 	 
	 	By:  	GOLUB CAPITAL INCORPORATED, as 	 
	 	 	Collateral Manager 	 
	 
	 	By:  	                                              /s/ Chris Jamieson
 	 
	 	 	Name Chris Jamieson 	 
	 	 	Title:  	Authorized Signatory 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and 

Restated
Credit Agreement, dated as of March 18, 2010

Fraser Sullivan CLO II Ltd.

 	 
	 	By:  	Fraser Sullivan Investment
Management,
LLC, As Collateral Manager 	 

	 	 	 	 	 
	 	By:  	                                              /s/ Tighe P. Sullivan
 	 
	 	 	Name:  	Tighe P. Sullivan 	 
	 	 	Title:  	Managing Partner 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and
Restated
Credit Agreement, dated as of March 18, 2010

Fraser Sullivan CLO I Ltd.
	 
	 	By:  Fraser Sullivan Investment Management, LLC,

As Collateral Manager 	 

	 	 	 	 	 
	 	By:  	                                               /s/ Tighe P. Sullivan
 	 
	 	 	Name:  	Tighe P. Sullivan 	 
	 	 	Title:  	Managing Partner 	 
	 

 

 

	 	 	 	 	 
	 

	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 
	 

	 	UBS Loan Finance LLC
 

(Name of Lender)
	 	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                              /s/ Iria R. Otsa
 	 
	 	 	Name:  	Iria R. Otsa 	 
	 	 	Title:  	Associate Director Banking Products
Services, US 	 
	 
	 
	 	By:  	                                              /s/ Mary E. Evans
 	 
	 	 	Name:  	Mary E. Evans 	 
	 	 	Title:  	Associate Director Banking Products
Services, US 	 
	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of
March 19, 2010 to the Lear Corporation Amended and
Restated Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	ANCHORAGE CROSSOVER CREDIT FINANCE, LTD.	 	 
	 	 	(Name of Lender)	 	 
	 
	 	 	 	 	 	 
	 	 	By: Anchorage Advisors, L.L.C.	 	 
	 	 	Its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Kevin Ulrich
 

Name: Kevin Ulrich
	 	 
	 

	 	 	 	Title: Chief Executive Officer	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	ANCHORAGE CROSSOVER CREDIT FINANCE, LTD.	 	 
	 	 	(Name of Lender)	 	 
	 
	 	 	 	 	 	 
	 	 	By: Anchorage Advisors, L.L.C.	 	 
	 	 	Its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Kevin Ulrich
 

Name: Kevin Ulrich
	 	 
	 

	 	 	 	Title: Chief Executive Officer	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	ARES VR CLO LTD.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO MANAGEMENT VR, L.P., ITS INVESTMENT MANAGER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO GP VR, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

	 	 
	 

	 	 	 	Name: Americo Cascella	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 
	 	 	ARES VIR CLO LTD.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO MANAGEMENT VIR, L.P., ITS INVESTMENT
MANAGER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO GP VIR, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	ARES VIII CLO LTD.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO MANAGEMENT VIII, L.P., ITS INVESTMENT
MANAGER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO GP VIII, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 
	 	 	ARES IX CLO LTD.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO MANAGEMENT IX, L.P., ITS INVESTMENT
MANAGER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO GP IX, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	ARES X CLO LTD.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO MANAGEMENT X, L.P., ITS INVESTMENT
MANAGER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO GP X, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 
	 	 	ARES XI CLO LTD.	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO MANAGEMENT XI, L.P., ITS ASSET MANAGER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES CLO GP XI, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 	 	BY: ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	FUTURE FUND BOARD OF GUARDIANS	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED LOAN INVESTMENT STRATEGY ADVISOR
IV, L.P., ITS INVESTMENT MANAGER (ON BEHALF OF
THE ASIP II SUB-ACCOUNT)	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED LOAN INVESTMENT STRATEGY ADVISOR

IV GP, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES MANAGEMENT LLC, ITS MANAGING MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 
	 	 	ARES ENHANCED CREDIT OPPORTUNITIES FUND LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED CREDIT OPPORTUNITIES FUND
MANAGEMENT, L.P., ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED CREDIT OPPORTUNITIES FUND

MANAGEMENT GP, LLC, AS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

	 	 
	 	 	Name: Americo Cascella	 	 
	 	 	Title: Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	ARES ENHANCED LOAN INVESTMENT STRATEGY IR LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED LOAN MANAGEMENT IR, L.P., AS
PORTFOLIO MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED LOAN IR GP, LLC, ITS GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES MANAGEMENT LLC, ITS MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

	 	 
	 

	 	 	 	Name: Americo Cascella	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 
	 	 	FUTURE FUND BOARD OF GUARDIANS	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED LOAN INVESTMENT

 STRATEGY ADVISOR

IV, L.P., ITS

 INVESTMENT MANAGER (ON BEHALF OF 

THE ELIS IV SUB-ACCOUNT)	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES ENHANCED LOAN INVESTMENT

 STRATEGY ADVISOR
IV GP, LLC, ITS 

GENERAL PARTNER	 	 
	 
	 	 	 	 	 	 
	 

	 	BY:
	 	ARES MANAGEMENT LLC, ITS MANAGING MANAGER	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

	 	 
	 	 	Name: Americo Cascella	 	 
	 	 	Title: Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	ARES INSTITUTIONAL LOAN FUND B.V.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	ARES MANAGEMENT LIMITED, ITS 
INVESTMENT ADVISOR	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 
	 	 	DF US BD HOLDINGS LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

	 	 
	 	 	Name: Americo Cascella	 	 
	 	 	Title: Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	 	 	DF US BD HOLDINGS I-B LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Americo Cascella
 

Name: Americo Cascella
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	Barclays Bank PLC	 	 
	 	 	As Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Craig Malloy
 

Name: Craig Malloy
	 	 
	 

	 	 	 	Title: Director	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	ASSOCIATED BRITISH FOODS PENSION SCHEME	 	 
	 	 	(Name of Lender)	 	 
	 
	 	 	 	 	 	 
	 	 	By: Beach Point Capital Management LP	 	 
	 	 	Its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Klein
 

	 	 
	 

	 	 	 	Name: Scott Klein	 	 
	 

	 	 	 	Title: Senior Portfolio Manager	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	BEACH POINT LOAN MASTER FUND, LP	 	 
	 	 	As Lender	 	 
	 
	 	 	 	 	 	 
	 	 	By: Beach Point Capital Management LP	 	 
	 	 	Its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Klein
 

Name: Scott Klein
	 	 
	 

	 	 	 	Title: Senior Portfolio Manager	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	NEW MEXICO EDUCATIONAL RETIREMENT BOARD As Lender	 	 
	 
	 	 	 	 	 	 
	 	 	By: Beach Point Capital Management LP	 	 
	 	 	Its Investment Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Scott Klein
 

Name: Scott Klein
	 	 
	 

	 	 	 	Title: Senior Portfolio Manager	 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of
March 19, 2010 to the Lear Corporation Amended and
Restated Credit Agreement, dated as of March 18, 2010

POST AGGRESSIVE CREDIT MASTER FUND, LP

As Lender

 	 
	 	By:  	Beach Point Capital Management LP
 	 
	 	Its Investment Manager 	 
	 	 	 
	 	By:  	/s/ Scott Klein
 	 
	 	 	Name:  	Scott Klein 	 
	 	 	Title:  	Senior Portfolio Manager 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

POST TOTAL RETURN MASTER FUND, LP

As Lender

 	 
	 	By:  	Beach Point Capital Management LP
 	 
	 	Its Investment Manager 	 
	 	 	 
	 	By:  	/s/ Scott Klein
 	 
	 	 	Name:  	Scott Klein 	 
	 	 	Title:  	Senior Portfolio Manager 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

ROYAL MAIL PENSION PLAN

As Lender

 	 
	 	By:  	Beach Point Capital Management LP
 	 
	 	Its Investment Manager 	 
	 	 	 
	 	By:  	/s/ Scott Klein
 	 
	 	 	Name:  	Scott Klein 	 
	 	 	Title:  	Senior Portfolio Manager 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

VIRGINIA RETIREMENT SYSTEM

As Lender

 	 
	 	By:  	Beach Point Capital Management LP
 	 
	 	Its Investment Manager 	 
	 	 	 
	 	By:  	/s/ Scott Klein
 	 
	 	 	Name:  	Scott Klein 	 
	 	 	Title:  	Senior Portfolio Manager 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

 	 
	 	Grand Central Asset Trust, STK Series
 	 
	 	(Name of Lender) 	 
	 	 	 
	 	By:  	/s/ Adam Kaiser
 	 
	 	 	Name:  	Adam Kaiser 	 
	 	 	Title:  	Attorney-in-Fact 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

CHGO Loan Funding Ltd.

 	 
	 	By:  	Chicago Fundamental Investment Partners, LLC, as
 	 
	 	Collateral Manager 	 
	 	(Name of Lender) 	 
	 	 	 
	 	By:  	/s/ Steven J. Novatney
 	 
	 	 	Name:  	Steven J. Novatney 	 
	 	 	Title:  	General Counsel & CCO 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Commonwealth of Massachusetts Pension Reserves

Investment Management Board

 	 
	 	By:  	Pyramis Global Advisors Trust Company, as
 	 
	 	Investment Manager under Power of Attorney 	 
	 	 	 
	 	By:  	                                              /s/ Lynn M. Farrand
 	 
	 	 	Name:  	Lynn M. Farrand 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Illinois Municipal Retirement Fund

 	 
	 	By:  	Pyramis Global Advisors Trust Company, as
 	 
	 	Investment Manager under Power of Attorney 	 
	 	 	 
	 	By:  	/s/ Lynn M. Farrand
 	 
	 	 	Name:  	Lynn M. Farrand 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Pension Investment Committee of General Motors for
General Motors Employees Domestic Group Pension Trust

 	 
	 	By:  	Pyramis Global Advisors Trust Company, as
 	 
	 	Investment Manager 	 
	 	 	 
	 	By:  	                                              /s/ Lynn M. Farrand
 	 
	 	 	Name:  	Lynn M. Farrand 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Pyramis Floating Rate High Income Commingled Pool

 	 
	 	By:  	Pyramis Global Advisors Trust Company as Trustee
 	 
	 	 	 
	 	By:  	                                              /s/ Lynn M. Farrand
 	 
	 	 	Name:  	Lynn M. Farrand 	 
	 	 	Title:  	Director 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Variable Insurance Products Fund V: Strategic Income
Portfolio

 	 
	 	By:  	/s/ Jeffrey Christian
 	 
	 	 	Name:  	Jeffrey Christian 	 
	 	 	Title:  	Deputy Treasurer 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Fidelity School Street Trust: Fidelity Strategic
Income Fund

 	 
	 	By:  	/s/ Jeffrey Christian
 	 
	 	 	Name:  	Jeffrey Christian 	 
	 	 	Title:  	Deputy Treasurer 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Fidelity Advisor Series II: Fidelity Advisor
Strategic Income Fund

 	 
	 	By:  	/s/ Jeffrey Christian
 	 
	 	 	Name:  	Jeffrey Christian 	 
	 	 	Title:  	Deputy Treasurer 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Fidelity Summer Street Trust: Fidelity Capital &
Income Fund

 	 
	 	By:  	/s/ Jeffrey Christian
 	 
	 	 	Name:  	Jeffrey Christian 	 
	 	 	Title:  	Deputy Treasurer 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

Fidelity Central Investment Portfolios LLC: Fidelity
Floating Rate Central Investment Portfolio

 	 
	 	By:  	/s/ Jeffrey Christian
 	 
	 	 	Name:  	Jeffrey Christian 	 
	 	 	Title:  	Deputy Treasurer 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of

March 19, 2010 to the Lear Corporation Amended and

Restated Credit Agreement, dated as of March 18, 2010

Fidelity Advisor Series I: Fidelity Advisor Floating

Rate High Income Fund

 	 
	 	By:  	/s/ Jeffrey Christian
 	 
	 	 	Name:  	Jeffrey Christian 	 
	 	 	Title:  	Deputy Treasurer 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 
	 
	 	Grand Central Asset Trust, STK Series
	 	(Name of Lender)

 
	 	By:  	/s/ Adam Kaiser
 	 
	 	 	Name:  	Adam Kaiser 	 
	 	 	Title:  	Attorney-in-Fact 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Hartford Institutional Trust, on behalf of its

Floating Rate Bank Loan Series

By: Hartford Investment Management Company

Its Investment Manager

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Hartford Series Fund, Inc., on behalf of Hartford

High Yield HLS Fund

By: Hartford Investment Management Company

Its Sub-advisor

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Hartford Series Fund, Inc., on behalf of Hartford

Total Return Bond HLS Fund

By: Hartford Investment Management Company

Its Sub-advisor

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Hartford Investment Management Company

By: Hartford Investment Management Company

Its Agent and Attorney-in-Fact

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

Hartford Mutual Funds, Inc., on behalf of

The Hartford Total Return Bond Fund

By: Hartford Investment Management Company

Its Subadvisor

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

The Hartford Mutual Funds, Inc., on behalf of The

Hartford High Yield Fund

By: Hartford Investment Management Company

Its Sub-advisor

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

The Investment and Administrative Committee of The

Walt Disney Company Sponsored Qualified Benefits

Plans and Key Employees Deferred Compensation and

Retirement Plan

By: Hartford Investment Management Company

Its Investment Manager

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

The Hartford Mutual Funds, Inc., on behalf of The

Floating Rate Fund

By: Hartford Investment Management Company

Its Sub-advisor

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

The Hartford Mutual Funds, Inc., on behalf of The

Hartford Strategic Income Fund

By: Hartford Investment Management Company

Its Investment Manager

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

State Board of Administration of Florida

By: Hartford Investment Management Company

Its Investment Manager

 	 
	 	By:  	/s/ Francesco Ossino
 	 
	 	 	Name:  	Francesco Ossino 	 
	 	 	Title:  	Senior Vice President 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 
	 
	 	HB Onshore Fund, LLC
	 	(Name of Lender)
	 
	 	       By: Highbridge Capital Management, LLC as Trading
	 	       Manager and not in its individual capacity
	 
	 	By:  	/s/ Marc Creatore
 	 
	 	 	Name:  	Marc Creatore 	 
	 	 	Title:  	Director of Operations 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

J. P. Morgan Whitefriars Inc.

(Name of Lender)

 	 
	 	By:  	/s/ Virginia R. Conway
 	 
	 	 	Name:  	Virginia R. Conway 	 
	 	 	Title:  	Attorney-in-Fact 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010

KKR Financial Holdings III, LLC

(Name of Lender)

 	 
	 	By:  	/s/
Sue Wawrzycki	 
	 	 	Name:  	Sue Wawrzycki	 
	 	 	Title:  	Authorized Signatory 	 
	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of
	 	 	March 19, 2010 to the Lear Corporation Amended and
	 	 	Restated Credit Agreement, dated as of March 18, 2010
	 
	 	 	 	 	 	 
	 	 	Oregon Public Employees Retirement Fund
	 	 	(Name of Lender)
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Sue Wawrzycki	 	 
	 
	 	 	 	

Name: Sue Wawrzycki
	 	 
	 

	 	 	 	Title: Authorized Signatory	 	 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
	 	 	19, 2010 to the Lear Corporation Amended and Restated
	 	 	Credit Agreement, dated as of March 18, 2010
	 
	 	 	 	 	 	 
	 	 	Future Fund Board of Guardians
	 	 	By: Sankaty Advisors, LLC, as
	 	 	Its Investment Advisor
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Alan Halfenger	 	 
	 

	 	 	 	 

Name: Alan K. Halfenger
	 	 
	 

	 	 	 	Title: Chief Compliance Officer Assistant Secretary	 	 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
	 	 	19, 2010 to the Lear Corporation Amended and Restated
	 	 	Credit Agreement, dated as of March 18, 2010
	 
	 	 	 	 	 	 
	 	 	Sankaty Senior Loan Fund, L.P.
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Alan Halfenger	 	 
	 

	 	 	 	 

Name: Alan K. Halfenger
	 	 
	 

	 	 	 	Title: Chief Compliance Officer Assistant Secretary	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
	 	 	19, 2010 to the Lear Corporation Amended and Restated
	 	 	Credit Agreement, dated as of March 18, 2010
	 
	 	 	 	 	 	 
	 	 	Prospect Funding I, LLC 
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Alan Halfenger	 	 
	 

	 	 	 	 

Name: Alan K. Halfenger
	 	 
	 

	 	 	 	Title: Chief Compliance Officer Assistant Secretary	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March
	 	 	19, 2010 to the Lear Corporation Amended and Restated
	 	 	Credit Agreement, dated as of March 18, 2010
	 
	 	 	 	 	 
	 	 	(Name of Lender)
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

	 	 	 	 	 
	OAK HILL CREDIT PARTNERS III, LIMITED,

	 	OAK HILL CREDIT PARTNERS IV, LIMITED,	 	 
	As Lender

	 	As Lender	 	 
	 
	 	 	 	 
	By: Oak Hill CLO Management III, LLC

	 	By: Oak Hill CLO Management IV, LLC	 	 
	As Investment Manager

	 	As Investment Manager	 	 
	 
	 	 	 	 
	By: /s/ Scott Krase
 

Name: Scott D. Krase

	 	By: /s/ Scott Krase
 

Name: Scott D. Krase
	 	 
	Title: Authorized Person

	 	Title: Authorized Person	 	 

	 	 	 	 	 
	OAK HILL CREDIT PARTNERS V, LIMITED,

	 	OHA PARK AVENUE CLO I, LTD.,	 	 
	As Lender

	 	As Lender	 	 
	 
	 	 	 	 
	By: Oak Hill Advisors, L.P.

	 	By: Oak Hill Advisors, L.P.	 	 
	As Portfolio Manager

	 	As Investment Manager	 	 
	 
	 	 	 	 
	By: /s/ Scott Krase
 

Name: Scott D. Krase

	 	By: /s/ Scott Krase
 

Name: Scott D. Krase
	 	 
	Title: Authorized Person

	 	Title: Authorized Person	 	 

	 	 	 	 	 
	FUTURE FUND BOARD OF GUARDIANS,

	 	GMAM GROUP PENSION TRUST I,	 	 
	As Lender

	 	As Lender	 	 
	 
	 	 	 	 
	By: Oak Hill Advisors, L.P.

	 	By: STATE STREET BANK AND TRUST	 	 
	As Investment Manager

	 	COMPANY,	 	 
	 

	 	solely as Trustee	 	 
	 
	 	 	 	 
	By: /s/ Scott Krase
 

	 	As Investment Manager 	 	 
	Name: Scott D. Krase
	 	 	 	 
	Title: Authorized Person
	 	 	 	 
	 

	 	By: /s/ Timothy Norton
 

Name: Timothy Norton
	 	 
	 

	 	Title: Officer	 	 

	 	 	 	 	 
	OHA FINLANDIA CREDIT FUND,

	 	OHSF II FINANCING, LTD.,	 	 
	As Lender

	 	As Lender	 	 
	 
	 	 	 	 
	By: /s/ Scott Krase
 

Name: Scott D. Krase

	 	By: /s/ Scott Krase
 

Name: Scott D. Krase
	 	 
	Title: Authorized Person

	 	Title: Authorized Person	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of
	 	 	March 19, 2010 to the Lear Corporation Amended and
	 	 	Restated Credit Agreement, dated as of March 18, 2010
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 
	 	 	(Name of Lender)
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 

	 	 	 	 	 	 	 
	LERNER ENTERPRISES, LLC,	 	OAK HILL CREDIT OPPORTUNITIES	 	 
	As Lender	 	FINANCING, LTD., as a Lender	 	 
	 
	 	 	 	 	 	 
	By:

	 	Oak Hill Advisors, L.P.
	 	By: /s/ Scott Krase	 	 
	 

	 	as advisor and attorney-in-fact to
	 	 

Name: Scott D. Krase
	 	 
	 

	 	Lerner Enterprises, LLC
	 	Title: Authorized Person	 	 

	 	 	 
	By: /s/ Scott Krase
 

Name: Scott D. Krase

	 	 
	Title: Authorized Person
	 	 

	 	 	 	 	 
	OREGON PUBLIC EMPLOYEE RETIREMENT 

	 	STICHTING PENSIOENFONDS METAAL	 	 
	FUND, as Lender

	 	EN TECHNIEK, as a Lender	 	 
	 
	 	 	 	 
	By: Oak Hill Advisors, L.P.

	 	By: Oak Hill Advisors, L.P.	 	 
	       as Investment Manager

	 	       As Investment Manager	 	 
	 
	 	 	 	 
	By: /s/ Scott Krase
 

Name: Scott D. Krase

	 	By: /s/ Scott Krase
 

Name: Scott D. Krase
	 	 
	Title: Authorized Person

	 	Title: Authorized Person	 	 
	 
	 	 	 	 
	STICHTING PENSIOENFONDS VAN DE 

	 	STICHTING MN SERVICES US HIGH	 	 
	METALEKTRO (PME), as a Lender

	 	YIELD FONDS, as a Lender	 	 
	 
	 	 	 	 
	By: Oak Hill Advisors, L.P.

	 	By: Oak Hill Advisors, L.P.	 	 
	       As Investment Manager

	 	       As Investment Manager	 	 
	 
	 	 	 	 
	By: /s/ Scott Krase
 

Name: Scott D. Krase

	 	By: /s/ Scott Krase
 

Name: Scott D. Krase
	 	 
	Title: Authorized Person

	 	Title: Authorized Person	 	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of

March 19, 2010 to the Lear Corporation Amended and

Restated Credit Agreement, dated as of March 18, 2010

PIONEER BOND FUND

PIONEER FLOATING RATE FUND

PIONEER FLOATING RATE TRUST

PIONEER STRATEGIC INCOME FUND

PIONEER BOND VCT PORTFOLIO

 	 
	 	By:  	Pioneer Investment Management, Inc.
 	 
	 	 	Its Advisor 	 

	 	 	 	 	 
	 	By:  	                                              /s/ Kurt W. Florian, Jr.
 	 
	 	 	Kurt W. Florian, Jr. 	 
	 	 	Vice President Counsel 	 

	 	 	 	 	 
	 	DOCTORS PENSION SURGEONS FUND

DOCTORS PENSION GENERAL PRACTITIONERS

 	 
	 	By:  	Pioneer Investment Management, Inc.
 	 
	 	 	Its Advisor 	 

	 	 	 	 	 
	 	By:  	                                              /s/ Kurt W. Florian, Jr.
 	 
	 	 	Kurt W. Florian, Jr. 	 
	 	 	Vice President Counsel 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of 

March
19, 2010 to the Lear Corporation Amended and
Restated

Credit Agreement, dated as of March 18, 2010

RC Opportunity Fund Ltd.

 	 
	 	By:  	Regiment Capital Management, LLC
 	 
	 	as its Investment Advisor 	 

	 	 	 	 	 
	 	By:  	                                              /s/ William J. Heffron
 	 
	 	 	William J. Heffron 	 
	 	 	Authorized Signatory 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of 

March
19, 2010 to the Lear Corporation Amended and 

Restated
Credit Agreement, dated as of March 18, 2010

CAVALRY CLO I, LTD

 	 
	 	By:  	Regiment Capital Management, LLC
 	 
	 	as its Investment Advisor 	 

	 	 	 	 	 
	 	By:  	                                              Regiment Capital Advisors, LP
 	 
	 	its Manager and pursuant to delegated 	 
	 	authority 	 

	 	 	 	 	 
	 	By:  	                                              Regiment Capital Advisors, LLC
 	 
	 	its General Partner 	 

	 	 	 	 	 
	 	By:  	                                              /s/ William J. Heffron
 	 
	 	 	William J. Heffron 	 
	 	 	Authorized Signatory 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of 
March
19, 2010 to the Lear Corporation Amended and 

Restated
Credit Agreement, dated as of March 18, 2010

SANDELMAN FINANCE 2006-1, Ltd,
 	 
	 	By:  	MERCER PARK, LP
 	 
	 	as COLLATERAL MANAGER LENDER 	 

	 	 	 	 	 
	 	 	 
	 	(Name of Lender)
 	 
	 	By:  	                                              /s/ Peter A. Bio
 	 
	 	 	Name:  	Peter A. Bio 	 
	 	 	Title:  	Head of Credit	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

This consent is made severally and not jointly by the
following Lenders, acting in each case through the
undersigned investment advisor or investment

sub-advisor:

T. Row Price Institutional Floating Rate Fund

Penn Series Funds, Inc. — Flexibly Managed Fund

ING Investors Trust — ING T. Rowe Price Capital
Appreciation Portfolio

IAM National Pension Fund

John Hancock Funds II — Spectrum Income Fund

T. Rowe Price Institutional Common Trust Fund — T.
Rowe Price Capital Appreciation Trust

Lucent Technologies Inc. Master Pension Trust

ACE Tempest Reinsurance Limited

ACE Tempest Life Reinsurance Limited

John Hancock Trust — Capital Appreciation Value Trust

T. Rowe Price High Yield Fund, Inc.

T. Rowe Price Capital Appreciation Fund

T. Rowe Price Institutional High Yield Fund

John Hancock Trust — Spectrum Income Trust

 	 
	 	By:  	T. Rowe Price Associaties, Inc. as investment
 	 
	 	advisor or investment sub-advisor, as applicable: 	 
	 	 	 
	 	By:  	                                              Jonathan D. Siegel
 	 
	 	 	Name:  	Jonathan D. Siegel 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of 

March
19, 2010 to the Lear Corporation Amended and 

Restated
Credit Agreement, dated as of March 18, 2010

BELL ATLANTIC MASTER TRUST
 	 
	 	By:  	TCW Asset Management Company,
 	 
	 	As Investment Manager 	 
	 	 	 	 
	 	By:  	/s/ Stephen Suo
 	 
	 	 	Stephen Suo 	 
	 	 	Senior Vice President 	 
	 
	 	 	 
	 	By:  	                                              /s/ G. Wayne Hosang
 	 
	 	 	G. Wayne Hosang 	 
	 	 	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	Signature page to First Amendment dated as of March
19, 2010 to the Lear Corporation Amended and Restated
Credit Agreement, dated as of March 18, 2010

FARAKER INVESTMENT PTE LTD.

 	 
	 	By:  	TCW Asset Management Company,
 	 
	 	as Manager 	 
	 	 	 
	 	By:  	                                              /s/ Stephen Suo
 	 
	 	 	Name:  	Stephen Suo 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	By:  	
 	 
	 	 	Name:  	G. Wayne Hosang 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March 

19, 2010 to the Lear Corporation Amended and Restated 

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	ILLINOIS STATE BOARD OF INVESTMENT	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company,

as its Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen Suo
 

Name: Stephen Suo
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ G. Wayne Hosang
 

Name: G. Wayne Hosang
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	TCW Credit Opportunities Fund, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company,

as Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen Suo
 

Name: Stephen Suo
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ G. Wayne Hosang
 

Name: G. Wayne Hosang
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	TCW CREDIT OPPORTUNITIES FUND I B, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company

as Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen Suo
 

Name: Stephen Suo
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ G. Wayne Hosang
 

Name: G. Wayne Hosang
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	TCW Senior Secured Floating Rate Loan Fund, LP.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company

as its Investment	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen Suo
 

Name: Stephen Suo
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ G. Wayne Hosang
 

Name: G. Wayne Hosang
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	TCW Senior Secured Loan Fund , LP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company,

as its Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen Suo
 

Name: Stephen Suo
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ G. Wayne Hosang
 

Name: G. Wayne Hosang
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	Palmetto Investors Master Fund, LLC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company, As its 
Managing
Member	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen Suo
 

Name: Stephen Suo
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ G. Wayne Hosang
 

Name: G. Wayne Hosang
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	WEST BEND MUTUAL INSURANCE COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company,

as its Investment Advisor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Stephen Suo
 

Name: Stephen Suo
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ G. Wayne Hosang
 

Name: G. Wayne Hosang
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	TCW Absolute Return Credit Fund, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	TCW Asset Management Company, its Investment

Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Melissa V. Weiler
 

Name: Melissa V. Weiler
	 	 
	 

	 	 	 	Title: Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Steven M. Koehler
 

Name: Steven M. Koehler
	 	 
	 

	 	 	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	USB AG, Stamford Branch	 	 
	 	 	 	 	 
	 	 	(Name of Lender)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Janice Randolph
 

Name: Janice Randolph
	 	 
	 

	 	 	 	Title: Director Banking Products Service US	 	 

 

 

	 	 	 	 	 	 	 
	 	 	Signature page to First Amendment dated as of March

19, 2010 to the Lear Corporation Amended and Restated

Credit Agreement, dated as of March 18, 2010	 	 
	 
	 	 	 	 	 	 
	 	 	Each of the persons listed on Annex A severally but

not jointly, as Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Wellington Management Company, LLP, as

investment adviser	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Donald M. Caiazza
 

Name: Donald M. Caiazza
	 	 
	 

	 	 	 	Title: Vice President & Counsel	 	 

 

 

ACKNOWLEDGEMENT AND CONSENT

     Each of the parties hereto hereby acknowledges and consents to the First Amendment, dated as
of March 19, 2010 (the “Amendment”; capitalized terms used herein, but not defined, shall
have the meanings set forth in the Amendment), to the Amended and Restated Credit Agreement, dated
as of March 18, 2010 (the “Credit Agreement”), among LEAR CORPORATION, a Delaware
corporation (the “Borrower”), the several lenders from time to time parties thereto (the
“Lenders”), the several agents parties thereto and JPMORGAN CHASE BANK, N.A., as
administrative agent and collateral agent (the “Administrative Agent”), and agrees with
respect to each Loan Document to which it is a party:

     (a) all of its obligations, liabilities and indebtedness under such Loan Document shall remain
in full force and effect on a continuous basis after giving effect to the Amendment; and

     (b) all of the Liens and security interests created and arising under such Loan Document
remain in full force and effect on a continuous basis, and the perfected status and priority of
each such Lien and security interest continue in full force and effect on a continuous basis,
unimpaired, uninterrupted and undischarged, after giving effect to the Amendment, as collateral
security for its obligations, liabilities and indebtedness under the Credit Agreement and under its
guarantees, if any, in the Loan Documents.

[Remainder of page intentionally left blank.]

	 	 	 	 	 
	 	[LOAN PARTIES]

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

 

 

	 	 	 	 	 
	 	LEAR #50 HOLDINGS, LLC

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:     President and Principal Executive Officer
& Principal Finance & Accounting Officer of Lear
South American Holdings Corporation, sole member
of Lear #50 Holdings, LLC of Lear South American
Holdings Corporation, sole member of Lear #50
Holdings, LLC 	 
	 

	 	 	 	 	 
	 	LEAR ARGENTINE HOLDINGS

CORPORATION #2

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR AUTOMOTIVE DEARBORN, INC.

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR AUTOMOTIVE MANUFACTURING, LLC

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR CORPORATION (GERMANY) LTD.

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

 

 

	 	 	 	 	 
	 	LEAR CORPORATION EEDS AND INTERIORS

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR CORPORATION GLOBAL DEVELOPMENT, INC.

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR EEDS HOLDINGS, LLC

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer of Lear
Argentine Holdings Corporation #2, sole member of
Lear EEDS Holdings, LLC 	 
	 

	 	 	 	 	 
	 	LEAR EUROPEAN OPERATIONS CORPORATION

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR HOLDINGS, LLC

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer of Lear
Argentine Holdings Corporation #2, sole member of
Lear Holdings, LLC 	 
	 

 

 

	 	 	 	 	 
	 	LEAR INVESTMENTS COMPANY, L.L.C.

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

 

 

	 	 	 	 	 
	 	LEAR MEXICAN HOLDINGS CORPORATION

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR MEXICAN HOLDINGS LLC

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer of Lear
Mexican Holdings Corporation, sole member of Lear
Mexican Holdings, L.L.C. 	 
	 

	 	 	 	 	 
	 	LEAR MEXICAN SEATING CORPORATION

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR OPERATIONS CORPORATION

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

	 	 	 	 	 
	 	LEAR SEATING HOLDINGS CORP. #50

 	 
	 	By:  	/s/ Matthew J. Simoncini
 	 
	 	 	Name:  	Matthew J. Simoncini 	 
	 	 	Title:    President and Principal Executive Officer
& Principal Finance & Accounting Officer 	 
	 

 

 

	 	 	 	 	 	 	 
	 	 	LEAR SOUTH AMERICAN HOLDINGS CORPORATION
	 
	 	 	 	 	 	 
	 	 	By:	 	/s/ Matthew J. Simoncini
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Matthew J. Simoncini
	 

	 	 	 	Title:
	 	President and Principal Executive Officer &
	 

	 	 	 	 	 	Principal Finance and Accounting Officer
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	LEAR TRIM L.P.
	 	 	By:	 	/s/ Matthew J. Simoncini
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Matthew J. Simoncini
	 

	 	 	 	Title:
	 	President and Principal Executive Officer &
	 

	 	 	 	 	 	Principal Finance and Accounting Officer of
	 

	 	 	 	 	 	Lear Mexican Holdings Corporation, sole
	 

	 	 	 	 	 	member of Lear Mexican Holdings, L.L.C.,
	 

	 	 	 	 	 	general partner of Lear Trim L.P.
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	RENOSOL SEATING, LLC
	 	 	By:	 	/s/ Matthew J. Simoncini
	 
	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Matthew J. Simoncini
	 

	 	 	 	Title:
	 	President and Principal Executive Officer &
	 

	 	 	 	 	 	Principal Finance and Accounting Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]